Tuesday, July 28, 2009

Jul 28 2009

Nice, slow and steady. Another winning day, with one stop and a few wins on RIMM both directions and AIG long. Gotta sail through the summer in a slow but steady boat.

Session Time: Tue Jul 28 00:00:00 2009

[06:48] {_roxy} GM
[08:16] {Threei} BLTXX Baltic Dry Bulk Index +2% (second straight gain
[08:17] {Threei} Good morning
[08:17] {BillyD} Vads
[08:17] {BillyD} Vad :)
[08:17] {Threei} DRYS got ligitimate reason to continue... let's see if it uses it
[08:17] {Threei} roxy, billy :)
[08:32] {nemo} market not looking to kindly at the auctions this week?
[08:34] {Threei} I am not sure auctions is such a huge part of market engine at this point
[08:34] {Threei} just one of pieces of the puzzle
[08:47] {Threei} BCRX fell of a cliff
[08:47] {Threei} JAZZ on the other hand...
[08:48] {_roxy} how do i make the font bigger?
[08:48] {Threei} don't make it color please
[08:48] {nemo} "You can have any color you want as long as it's black"
[08:49] {Threei} who uses mibbit, can you help?
[08:49] {_roxy} sorry
[08:49] {nemo} Whoa! "Zimbabwe Share Trading Value Surges"
[08:50] {Threei} finally
[08:50] {nemo} All's right with the world...
[08:51] {cosmo} we might even be using their currency soon...
[08:51] {nemo} thought we were
[08:52] {cosmo} hmmm ....checking
[08:52] {fernp} good morning everybody
[08:52] {Threei} fern :)
[08:53] {fernp} CTRL + "+" increase the font in all browsers
[08:54] {Threei} ty fern
[08:54] {fernp} :)
[09:00] {Threei} *MAY CASE SHILLER HOME PRICE INDEX: 139.84 V 139.18 PRIOR; COMPOSITE-20 Y/Y: -17.06% V -17.90% PRIOR
[09:02] {Threei} CFTC's Gensler: Agency is not seeking to end specualtion in fiancial markets
[09:02] {Threei} rofl
[09:03] {Threei} as if financial markets could even exist without speculation
[09:03] {cosmo} why are they gonna do that?
[09:03] {Threei} the very fact that they have to say this speaks volume of how this administration is seen
[09:04] {cosmo} volumes
[09:04] {Threei} them too
[09:05] {JohnK} GM folks
[09:05] {jfjf64} mornin
[09:05] {Threei} John :)
[09:05] {Threei} jf :)
[09:11] {Threei} still nothing on JAZZ on news wires
[09:15] {magoo} gninrom
[09:15] {Threei} oogam ):
[09:15] {nemo} redrum
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {nemo} onid
[09:18] {ese} good morning
[09:18] {nemo} ese
[09:18] {Threei} ese :)
[09:18] {nemo} can't do much with ese
[09:19] {Threei} lol
[09:19] {ese} alright what did i miss?
[09:20] {nemo} the boat
[09:20] {nemo} rofl
[09:20] {ese} can't dis agree with that..........
[09:23] {magoo} :)
[09:23] {magoo} doesnt take much in this room :)
[09:23] {nemo} use yesterday as an example...Hey Mags, ever figure out how to display a stock on a chart!
[09:24] {Threei} BAC Reported company is not planning to reduce US branches by 10%, refuting WSJ report
[09:24] {cosmo} why are they gonna do that?
[09:25] {Threei} AVII Update: AVI BioPharma and Action Duchenne Team Up to Support Advancement of PMO-Based Therapeutics for Treatment of Duchenne Muscular Dystrophy
[09:25] {nemo} they get to keep customer money if there's no way for them to get it out
[09:25] {cosmo} ah
[09:27] {Threei} guess what I've got for the open
[09:27] {BillyD} DRYS
[09:27] {nemo} nada, zilch, zed
[09:27] {Threei} nemo takes the price
[09:27] {Threei} prize
[09:27] {nemo} that's the third one I've won, and you've never sent me anything
[09:27] {BillyD} give'em the holster prize vad
[09:27] {Threei} I sent you my best wishes
[09:28] {nemo} you can't give me a pat on the back because of your permanently dislocated shoulder
06[09:28] * nemo slaps BillyD around a bit with a large trout
[09:28] {BillyD} ARIA a nice little candidate vad
[09:28] {Threei} but there is always trout...
[09:28] {Threei} AVII too
[09:28] {BillyD} lol
[09:28] {patel} good morning
[09:28] {Threei} patel :)
[09:29] {Threei} IMF: Needs of emerging markets (ex China) could be in range of $1.3T to $2.0T over the next decade (related EUR/USD CE4FX )
[09:29] {nemo} dcc BillyD
[09:30] {BillyD} got it
[09:30] {nemo} heheh
[09:30] {nemo} e
[09:30] {BillyD} :)
[09:30] {texus} gm
[09:30] {Threei} texus :)
[09:32] {Threei} Long Setup: AVII .50 break if stays above .40
[09:34] {Threei} ARIA got traction
[09:34] {dino} veco, evvv
[09:34] {Threei} pullback under .20 should be interesting for entry
[09:35] {JohnK} avii still valid?
[09:35] {Threei} nah
[09:35] {nemo} that was quick on aria
[09:35] {nemo} catch it vad
[09:35] {Threei} yeah
[09:35] {Threei} me no
[09:35] {nemo} coma?
[09:35] {jfjf64} jazz
[09:35] {Threei} sudden jump, no range established
[09:36] {magoo} jazz going hard
[09:37] {texus} sso
[09:37] {Threei} NVAX Hearing analysts at Stansberry Research making positive comments in the name (timing uncertain) (4.15, -0.08, -1.89%)
[09:37] {texus} oops, don't pay attention to that..
[09:37] {jfjf64} avii .35 vad
[09:37] {Threei} nah
[09:38] {Threei} and still no any news on JAZZ
[09:38] {Threei} wth
[09:38] {patel} AVII, stil valid
[09:38] {Threei} no
[09:39] {Threei} for it to become valid again, we want it to touch near .50, pull back, hold .40
[09:39] {Threei} returhn to .50 and break
[09:39] {Threei} so that range gets reestabilshed
[09:43] {magoo} good pllbk jazz
[09:44] {jfjf64} hig
[09:46] {Threei} watching AIG
[09:46] {BillyD} lol...just pulled up
[09:46] {Threei} for range 13 - 13.10 to hol;d and break
[09:48] {magoo} rimm bounce vad?
[09:48] {Threei} Long Setup: AIG 13.10 break if holding above 13
[09:48] {Threei} kind of a bit too wide range here mags
[09:50] {Threei} Long Setup: HIG .70 break if stays above .60
[09:51] {magoo} read on jazz vad?
[09:51] {Threei} none
[09:52] {Threei} RIMM become more interesting
[09:53] {Threei} Long Setup: RIMM 77.15 break
[09:53] {Threei} if stays above 77
[09:53] {Threei} not even break, just .15
[09:54] {Threei} still valid
[09:54] {dino} veco s .79, stop .01
[09:55] {Threei} in
[09:55] {nemo} in
[09:56] {magoo} ni
[09:56] {Threei} come on NASDAQ, little help
[09:56] {fernp} consumer confidence in 4 min, vad
[09:56] {Threei} I bet it will be good
[09:57] {larisa} 77.19 res has to clear
[09:57] {Threei} yeah, bumping into it time and again
[09:58] {Threei} not a scalp for me
[09:58] {Threei} intend to partial if it goes
[09:58] {Threei} first partial above .30
[09:58] {dino} bstopto .68
[09:58] {dino} stopped +.11 cov
[09:58] {Threei} okay... let's go RIMM
[09:59] {dino} cmg
[09:59] {Threei} out 1/2 .39
[09:59] {Threei} - prior revised from 6 to
[09:59] {Threei} - no revisions (related SPY SHY )
[09:59] {BillyD} RIMM finally
[09:59] {JohnK} good trade RIMM T thx
[09:59] {Threei} :)
[10:00] {Threei} JULY CONSUMER CONFIDENCE: 46.6 V 49.0E
[10:00] {BillyD} I hit RIMM when it hit .15 the first time and got stopped and then took it again
[10:00] {jfjf64} market turns over
[10:00] {Threei} good manufacturing not good confidence
[10:00] {Threei} shrug
[10:00] {nemo} that consumer confidence wil hit it a bit
[10:00] {Threei} it's a wash AFAIC
[10:01] {nemo} what's AFAIC?
[10:01] {Threei} had 1/4 for sale at .55, too greedy I guess
[10:02] {nemo} be interesting to see if things get stagnant until 1:00
[10:02] {Threei} 11:30] {Threei} AFAIC, HIG is valid setup here
[10:02] {Threei} [11:30] {nemo} afaic?
[10:02] {Threei} [11:30] {Threei} as far as I am concerned
[10:02] {Threei} [11:31] * Threei slaps nemo around a bit with a large vocabulary of Internet abbreviations
[10:02] {Threei} that was yesterday
[10:03] {Threei} memory span of a day trader? {G}
[10:03] {nemo} I remember, and you still haven't told me
[10:03] {BillyD} lol
[10:03] {Threei} [10:02] {Threei} [11:30] {Threei} as far as I am concerned
[10:03] {Threei} that was 1 min ago
[10:03] {nemo} ty
[10:03] {nemo} fyvm
[10:03] {jfjf64} simple vad simple
[10:04] {nemo} I just figured it was your bastardized typing for AFLAC!!!
[10:04] {BillyD} IMMU strong
[10:07] {BillyD} FYI...JAZZ is shortable if loses momo
[10:10] {jfjf64} hgsi any thoughts
[10:11] {Threei} HGSI... drop into .50 will be inetresting,
[10:11] {Threei} or alternatively,
[10:11] {Threei} if holdong .70, break of the high
[10:11] {dino} sm l snda .25
[10:12] {jfjf64} ty also watchin txt
[10:14] {ese} this just is not my type of trading day......I canna find nuttin
[10:14] {jfjf64} weird day
[10:14] {Threei} we just got too used to uptrend
[10:14] {BillyD} something will come up
[10:14] {Threei} takes a few to re-tool
[10:15] {jfjf64} correct
[10:15] {Threei} whoa
[10:15] {dino} out .55 snda +.30
[10:15] {ese} this looks to me like the end of the 10/11 day market run.....gotta correct sometime
[10:15] {Threei} what kind of typing is that?
[10:15] {jfjf64} dont force
[10:15] {Threei} korreqt is right spelling
[10:15] {nemo} Eqzaktly
[10:15] {Threei} there
[10:17] {dino} veco sm s .12
[10:17] {nemo} rimm Vad, setting for short?
[10:17] {Threei} I'd like to see a meaningful bounce first
[10:18] {nemo} if market stays weak might not get it
[10:18] {jfjf64} mas
[10:18] {nemo} touching the BB average
[10:22] {dino} cov veco .90, +.22
[10:22] {Threei} Short Setup: RIMM .80 break if stays below .95
[10:22] {ese} stalking STLD......nice daily chart again
[10:23] {ese} butting up against 2/3 month highs
[10:27] {ese} l stld .95
[10:27] {magoo} any read HIG vad?
[10:27] {ese} lousy fill
[10:27] {Threei} not really mags
[10:28] {magoo} wfc held
[10:31] {dino} snda sm l .20
[10:31] {Threei} die already RIMM
[10:34] {Threei} this is too much like work, lol
[10:35] {BillyD} st leats it is working in your favor
[10:35] {Threei} RIMM 1:1
[10:35] {BillyD} at least
[10:35] {Threei} covering half
[10:35] {JohnK} out of RIMM thx T again :)
[10:35] {Threei} me still greedy
[10:35] {Threei} welcome John
[10:36] {Threei} new low... bidding 1/4 more .52
[10:37] {Threei} okay... 1/4 left, stop just above .80
[10:37] {BillyD} Vad, AIG again
[10:37] {nemo} why wouldn't you set stop at old support of .68?
[10:37] {BillyD} as I typed
[10:38] {Threei} ugh... 13.10 break was AIG's trigger
[10:38] {Threei} missed it completely, mesmerized by RIMM
[10:38] {wulff} TY rimm
[10:38] {Threei} sure
[10:38] {Threei} nemo, for RIMM you mean?
[10:39] {nemo} yes
[10:39] {jfjf64} sleepin on job comonnnnnnnnnn
[10:39] {wulff} took .72 late, but worked out
[10:39] {Threei} I will, as soon as it loses .50
[10:39] {Threei} just want to respect its natural volatility and not trail too soon
[10:39] {nemo} ahh
[10:43] {Threei} Attention: RIMM stop to above .70
[10:43] {Threei} looking to cover under .40
[10:43] {nemo} would it be setting up for another short here?
[10:44] {Threei} .50 break?
[10:44] {Threei} if establishes new resiatance closer to it...
[10:44] {nemo} yeah, as long as it respects the trend line?
[10:44] {Threei} like this .65 for instance
[10:44] {Threei} volume shapes up right
[10:44] {Threei} just higher risk
[10:45] {Threei} rubber band is getting stretched more and more
[10:45] {Threei} and snapback odds are on increase
[10:45] {nemo} yes
[10:45] {BillyD} good comment Vad
[10:45] {nemo} brownnoser
[10:46] {Threei} out last portion
[10:47] {Threei} I have a lot of those Billy,, it just takes me a lot to find right keys...
[10:47] {Threei} or keyboard as a whole
[10:47] {nemo} ask him about his shoulder billy?
[10:48] {BillyD} maybe he needs an easy button for health purposes
06[10:48] * Threei hands Billy a frozen trout and points toward nemo with his eyes
06[10:49] * BillyD slaps nemo around a bit with a large trout
06[10:49] * nemo crawls in cave, closes door, pulls blanket over head
[10:49] {BillyD} too late nemo
[10:49] {BillyD} hehe
[10:49] {ese} l stld avg price .93
[10:49] {nemo} I ever tell you about my "Disgruntled Postal Worker Fantasy List"?
[10:50] {nemo} By the way Vad, I prefer sturgeon
[10:52] {ese} Disgruntled Postal Worker Fantasy List"?????? your deep man deep!
[10:53] {nemo} What's so deep...It's my ranked revenge list. Some names in pencil, some names in pen
[10:56] {ese} Ranked Revenge List?
[10:56] {nemo} Yeah...it's the italian in me
[10:57] {ese} Nobody would think think that stuff up nemo.......you have to be thinking on another plain man....funnny
[10:58] {dino} cracking me up nemo
[10:58] {nemo} I actually see it as a spiritual mission, in a warped sort of way
[10:58] {ese} thats what i mean by deep......
[10:58] {nemo} I will be helping their souls transition to the next life
[10:59] {ese} whatever your purpose is on this planet.....go for it baby go for it!
[10:59] {Threei} newspaper ad will say: Nemo - curing of life
[11:01] {ese} "you too can become Nemo's next disgruntled Postatl worker"......apply here
[11:01] {nemo} What a way to make a living
[11:01] {ese} i'll say
[11:04] {wulff} Really....RIMM
[11:04] {nemo} yeah
[11:04] {wulff} really?
[11:04] {magoo} AIUG
[11:04] {magoo} AIG
[11:05] {patel} was AIG still valid?
[11:05] {magoo} no
[11:13] {dino} veco s .50, stop .66
[11:14] {Threei} Long Setup: AIG .55 if stays above .45
[11:14] {Threei} Long Setup: RIMM .15
[11:14] {Threei} if stays above 76
[11:16] {BillyD} AIG invalidated?
[11:16] {Threei} AIG revision: .50 break long
[11:16] {Threei} if holding .40
[11:16] {BillyD} ty
[11:18] {chiro} stop on AIG?
[11:18] {Threei} [11:16] {Threei} if holding .40
[11:18] {chiro} ty
[11:18] {dino} veco stopped
[11:22] {Threei} all this storm in a shotglass happens within lousy 15 points NQ
[11:23] {Threei} time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over
[11:25] {Threei} RIMM no worky this time
[11:33] {patel} we need AIG to get over 13.55
[11:33] {Threei} move your behind AIG
[11:33] {jfjf64} buyyyyyyyyyyyyyyyyyyyyyyyyy
[11:33] {Threei} control yourself young man
06[11:34] * Threei shows jf controlling device with fins, ready for a slap
[11:37] {jfjf64} 1/1 all out
[11:37] {jfjf64} ty vad
[11:37] {Threei} sure thing
[11:47] {dino} cpla
[11:51] {jfjf64} pcar l 32 break
[11:56] {jfjf64} no wk
[11:58] {jfjf64} anythin ya watchin vad for bounce or ya in coma
[11:59] {Threei} yes but don't let it bother you - I am always in it
[11:59] {Threei} wouldn't dare to trade in any other state
[11:59] {_matt} read on rimm?
[11:59] {jfjf64} never it is what it is
[12:00] {jfjf64} lol
[12:00] {Threei} not right now matt, things are too narrow,
[12:00] {Threei} but there is something to watch for:
[12:00] {Threei} it forms resistance at 76,
[12:01] {Threei} if it forms nice tight support within 15 cents of it over 10-15 minutes, it will become a long on 76 break
[12:01] {_matt} thanks
[12:02] {chiro} BCRX bounce?
[12:02] {Threei} not yet, but on watcgh...
[12:02] {Threei} how did ya know
[12:03] {Threei} Just 23% Believe Health Care Costs Will Go Down if Reform Passes Congress
[12:03] {Threei} good news is, just 23% live in lala land
[12:07] {magoo} any read CAT vad?
[12:08] {Threei} feels ready for reversal but no setup to hang my hat onto here...
[12:08] {larisa} for me was short at .20 with .30 stop :)
[12:08] {Threei} forammly .15 is long trigger, but chart isn't fully ready yet for that
[12:08] {Threei} when larisa?
[12:09] {larisa} 12:01
[12:09] {Threei} before it went under 42 or after?
[12:09] {Threei} oh, I see
[12:09] {larisa} no, just now
[12:09] {larisa} scalping here
[12:09] {Threei} right... that setup played out already
[12:09] {Threei} unfortunately magoo won't accept answer about past ones :(
[12:10] {larisa} usually his questions come right with the setup
[12:10] {larisa} this is why I reacted:) he was a bit late
[12:10] {larisa} or early for long :)
[12:11] {magoo} jazz back
[12:11] {chiro} long bcrx at .03
[12:14] {dino} .
[12:15] {chiro} out 1/2 ....+.10
[12:17] {Threei} chiro :)
[12:17] {Threei} there... CAT is 1:1 from the entry I haven't called
[12:17] {larisa} lol
[12:18] {magoo} i took yournon call tho'
[12:18] {Threei} lol
[12:18] {magoo} in .11
[12:18] {larisa} right off support, nice
[12:19] {chiro} out rest .24....you've taught me well, Master
[12:19] {Threei} cool, I may fall deeper in the coma
[12:20] {Threei} you guys just listen to that little threei over your shoulder
[12:20] {Threei} (make sure he is sober)
[12:20] {fernp} lol
[12:28] {magoo} out cat .31
[12:31] {magoo} any read JAZZ here lord vader?
[12:31] {Threei} .10 break with stop under 7
[12:31] {Threei} chances of working are 50/50
[12:31] {Threei} but stop is small
[12:31] {magoo} dont just make something up lol
[12:31] {Threei} and tyou want to get in anyway
[12:32] {Threei} so may just as well give you more or less safe structure :)
[12:36] {magoo} whats your "feel" AIG vad..as in done or another burst coming?
[12:37] {Threei} I would watch it for setup with .60 break
[12:38] {magoo} so why dont u lol
[12:39] {Threei} mostly because I am totally focused on the sun reflection on the wall... it's fascinating, really..
[12:39] {Threei} it's moving ever so slowly...
[12:43] {larisa} your charts are spiky today ?
[12:43] {Threei} no... looks ok
[12:43] {larisa} k
[12:45] {Threei} ESLR
[12:45] {Threei} Evergreen Solar Inc In Cooperation with Export-Import Bank of United States, Offers Low-Interest Loans for Solar Projects Outside of United States
[12:45] {Threei} - announced it is working with the Export-Import Bank of the United States (Ex-Im Bank) to provide attractive low-interest financing for solar projects using Evergreen Solar panels outside of the United States. The program is intended to spur the export of U.S.-made renewable energy products and is part of a mandate in Ex-Im Banks Congressional Charter. Currently, Evergreen Solar customers have almost 90MW of projects in varying stages of the loan application process with Ex-Im Bank.
[12:45] {Threei} - For example, a solar project using $10M of Evergreen Solar panels would receive up to $8.5M in financing for the purchase of the solar panels and up to $3M to cover installation, design, engineering, inverting, racking and other installation-related expenses. Ex-Im Bank currently offers a 4.9% fixed interest rate over an 18-year period for solar installations outside of the United States.
[12:46] {Threei} is this a joke:
[12:46] {Threei} Economist Robert Shiller Surprised By Rise In Case-Shiller Index - WSJ (related IYH )
[12:48] {larisa} the one, that predicts home prices
[12:48] {larisa} i think
[12:48] {Threei} yeah but...
[12:48] {Threei} well, I think the matter is, Case designed the rising part of the index while Shiller - dropping one
[12:48] {Threei} sho it rises - Shiller is surprized... it dreops - Case is
[12:49] {magoo} sounds more like penn and teller desuigned it
[12:50] {Threei} I wanted to say LOL mags, but then changed my mind - noone even smiled to my joke, and it was funnier than yours
[12:50] {Threei} (I think)
[12:53] {Threei} server hiccup?
[12:54] {nemo} drinking again?
[12:54] {larisa} not for me
[12:54] {fernp} test
[12:54] {Threei} looks like mibbit
06[13:01] * nemo elbows sleeping Va
[13:01] {nemo} VAD
[13:02] {Threei} indirect bidders take 33% of competitive bids
[13:02] {nemo} not good
[13:02] {Threei} notes draw 108% with 21.59% alotted at the high
[13:03] {nemo} not much of a reaction yet
[13:04] {Threei} because in all honety, no one knows how to interpret them {G}
[13:04] {larisa} I thought i am the only stupid one :)
[13:04] {nemo} actually climbing
[13:06] {nemo} $ actually climbing, Resource stocks dropping
[13:11] {magoo} dip buyers return gfrom martini lunch
[13:11] {jfjf64} fcx damm missed
[13:15] {BillyD} any news to cause this spike?
[13:15] {BillyD} or just psychosis
[13:16] {larisa} can it be both? :)
[13:16] {BillyD} sure
[13:17] {jfjf64} cat ??
[13:18] {jfjf64} hig vol pkin up
[13:20] {Threei} JAZZ, stubborn buying
[13:21] {Threei} mags, you in still?
[13:22] {magoo} yea
[13:22] {Threei} not even partial at 1:1
[13:22] {Threei} ?
[13:23] {magoo} waiting .26
[13:24] {magoo} howabout RIMM vad?
[13:24] {Threei} no read
[13:26] {magoo} i thought u like cross of 76?
[13:26] {Threei} sheesh
[13:26] {Threei} kidding? :)
[13:27] {magoo} i took that
[13:27] {Threei} sigh
[13:27] {magoo} huh?
[13:27] {Threei} go away :)
[13:27] {magoo} im confused
[13:28] {Threei} as if you don't know, I'd never buy such sharp spike into resistance
[13:30] {larisa} how about its run from 75.60 and pullback exactly half way to 75.90, do not like this setup too? { just trying to wake you up}
[13:31] {Threei} I do... but I am really unclear on why you would want to wake me up
[13:32] {nemo} now that's dumb
[13:32] {larisa} caz lately it is becoming my favorite setup, want to share :)
06[13:32] * larisa slaps nemo around a bit with a large trout
[13:32] {Threei} by all means
[13:32] {nemo} I'm talking about Vad's comment
[13:32] {larisa} lol
[13:32] {larisa} sorry
[13:32] {Threei} nemo commented, what's the word nowadays... "stupidly"
06[13:32] * nemo ponders Larry's name on the DPWFL????
06[13:33] * nemo pencil or pen?
[13:33] {nemo} yeah, they're having a beer tonight. Poor Crowley is being set up for Grandstanding
[13:33] {Threei} yeah
[13:33] {Threei} but a lot of damage is done anyway
[13:34] {nemo} to Crowley, not to Gates
[13:34] {Threei} no
[13:34] {Threei} up to t-shirts saying 'I am with Stupidly",
[13:34] {larisa} so vad admit, that 76 cross on RIMM kinda make sense {a bit late entry}
[13:34] {Threei} or "Stupid is as Stupdily does"
[13:35] {nemo} I think I might have to get one of those
[13:35] {Threei} nope... not to me
[13:35] {nemo} you're a ruscanuck
[13:35] {nemo} I live right in the middle of this taurine excrement
[13:36] {Threei} guess who is on tv
[13:36] {nemo} George Bush?
[13:37] {Threei} you wish
[13:40] {larisa} vad you ever watch intraday what stock does on longer timeframe when looking for trade, or it is 1 min always?
[13:42] {Threei} no, i have daily chart for each of them as well
[13:43] {Threei} want to see where it is in a bigger picture
[13:43] {larisa} k
[13:43] {Threei} just to illustrate something,
[13:44] {Threei} look at JAZZ daily for the, let's say 6-7 months
[13:44] {Threei} quite something, right?
[13:44] {larisa} yeah
[13:45] {Threei} or IMMU
[13:45] {Threei} obviously I will take such play quite differently from DRYS
[13:46] {Threei} even though they are in the same price range
[13:46] {Threei} Fed's Yellen: Fed will not repeat mistakes in 60s and 70s where the Fed lost containment of inflation; now is not the right time for rate hikes
[13:55] {magoo} AMZN vad
[13:58] {Threei} looks like market is trying to do just what I said
[14:01] {Threei} CAT
[14:01] {Threei} watching for bounce off this pullback,
[14:01] {Threei} ideally closer to .70
[14:01] {ese} i'm back.......
[14:02] {ese} can't remember what you said vad?
[14:02] {Threei} first strength from here CAT
[14:02] {ese} bounce off pullback
[14:03] {Threei} [11:23] {Alert} Threei time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over
[14:04] {ese} tks
[14:04] {ese} is it just as hat over at your place as it is here.......
[14:04] {ese} hot
[14:04] {Threei} I think so
[14:05] {ese} brutal here..... over 30 cel
[14:05] {ese} and our new tennants are moving in tomorow in the house next door
[14:06] {ese} am going back and forth...back and forth
[14:08] {patel} watching anythign vad
[14:08] {Threei} Fed's Yellen: No double dip recession forecasted; Fed's continuance of Treasury purchases an 'open question' (related TLT SHY IEF )
[14:08] {Threei} CAT
[14:09] {Threei} (US) CFTC's Gensler: Recent reports of revisions to report on swap dealers was "premature," study found speculators had no major impact on run up in oil prices
[14:09] {Threei} - Note that overnight, the WSJ published an article stating that the CFTC plans to suggest speculators have played a role in the big swings in oil prices recently. This would have been a reversal of an earlier CFTC position.
[14:11] {_matt} are you in cat?
[14:11] {Threei} took .75
[14:11] {_matt} nice
[14:11] {Threei} this is so to speak unofficial alert
[14:11] {Threei} meaning,
[14:11] {jfjf64} .77 grrr to penny grrr
[14:12] {Threei} if you understand how to pay it, go ahead, comments I made are enough for you
[14:12] {Threei} if they are not - stay away
[14:15] {chiro} 3i, when you have a play like BCRX at 10.02, after locking in 1:1, how do you manage the rest of the trade?
[14:15] {Threei} most often:
[14:15] {Threei} sell half, trail stop to undcer breakeven,
[14:15] {Threei} sell 1/4 at 1"2
[14:15] {Threei} trail stop under 1:1
[14:16] {Threei} the decided between exiting into next spike or trailing
[14:17] {chiro} ...thnk u
[14:17] {Threei} sometimes therer are variations
[14:17] {Threei} depending on stock's strength, market strength, initial risk
[14:17] {Threei} but the way I described is routine
[14:21] {_matt} is that a cup and handle on cat?
[14:28] {ese} ohhhhhhh....mmmmyyyyyyy...god!!!!! get on with it for crying out loud....STLD...L .93 looking for more
[14:28] {Threei} kind of, yeah matt
[14:32] {Threei} HIG
[14:33] {Threei} watching for pullback
[14:33] {Threei} wasn't sure about 15 break... too bad
[14:33] {BillyD} the .01 offer was the key on it
[14:34] {BillyD} even hesitated then
[14:34] {Threei} well... hard to bring oneself to buy breakouts at this time of the day
[14:34] {BillyD} true
[14:35] {chiro} HGSI....the beast (if ur short) that won't die
[14:35] {Threei} BCRX also
[14:36] {ese} out stld .11 +.18
[14:37] {magoo} any read AMZN vad
[14:37] {Threei} no... stalking HIG
[14:38] {chiro} woot!!...scalped a .05 from IMMU....that was tedious
[14:41] {jfjf64} what thought process hig vad
[14:41] {Threei} I am flattered jf
[14:41] {jfjf64} lol
[14:41] {nemo} he thinks you think
[14:42] {Threei} yep... and that makes me feel flattered
[14:42] {Threei} but... dive to or just under 15
[14:42] {Threei} for entry
[14:42] {nemo} you talkin' hig
[14:44] {ese} ok everyone....off to do some painting......see you all tomorow......
[14:44] {Threei} take care ese
[14:44] {Threei} 15 crossback
[14:44] {jfjf64} ?? hig
[14:44] {ese} see ya vad.........
[14:45] {Threei} with stop under the low it makes now before crossing back
[14:45] {Threei} this is "can take a few tries" type
[14:46] {jfjf64} lk thought process nice
[14:47] {Threei} you arwe interesting tyhpe jf... you like something that does not exist
[14:52] {Threei} a bit too far from 15 now
[14:52] {Threei} I'd look for another consolidation and trigger point
[14:52] {jfjf64} your call big guy
[14:53] {wulff} +1.35 RIMM
[14:53] {Threei} did he just call me fat?
[14:53] {Threei} wtg wulff
[14:53] {jfjf64} ya too funny
[14:53] {wulff} TY in at 75.60
[14:58] {Threei} BCRX feels bounce ready
[15:01] {Threei} market is still weak
[15:02] {jfjf64} hgsi
[15:03] {chiro} .another painful .08 from IMMU
[15:03] {Threei} we can feel your pain
[15:03] {Threei} feel free to share it with us
[15:04] {jfjf64} grrrrrrrrrrrrrrrrrr
[15:08] {_matt} what are you thinking on bcrx
[15:09] {Threei} they all just jumped
[15:09] {Threei} BCRX, HGSI
[15:09] {Threei} no clean setup
[15:09] {Threei} S&P publishes June performance update on US Subprime RMBS
[15:09] {Threei} - As of the June 2009 distribution date, total delinquencies were 42.87%, 51.62%, and 48.40% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. When compared with the May 2009 distribution date, delinquencies increased by approximately 1.07% for the 2005 vintage, 2.48% for 2006, and 1.00% for 2007.
[15:09] {jfjf64} nicelly put
[15:10] {jfjf64} i was afraid to buy hihg hgsi bammmmmmmmmmm another 10 cents
[15:10] {jfjf64} higs
[15:11] {jfjf64} hgsi sorry
[15:13] {dino} hmmm snda -14 point 5 days
[15:15] {jfjf64} what ya stalkin vad
[15:16] {Threei} not much jf... market is just moving up or down with no pattern
[15:16] {Threei} and notice the range
[15:17] {Threei} as much as it feels like market is moving, it's not really
[15:17] {Threei} with it being so narrow, I'd say we were lucky to find what we did
[15:35] {BillyD} HGSI
[15:35] {BillyD} so volatile though
[15:36] {dino} i type snda at 48.80s its now 50 and i missed it
[15:36] {larisa} wanted to ask you if you got it
[15:36] {larisa} capitulation was just after your alert
[15:37] {dino} i'm off this month. good thing vacation coming up. i need a break, clear my mind
[15:37] {Threei} when are you leaving for vacation dino?
[15:38] {dino} thursday the 30th, after market close. back the 10th for work
[15:39] {larisa} going some place nice?
[15:39] {dino} condo @ sunset beach, nc
[15:39] {dino} beach and golf
[15:39] {larisa} it is nice :)
[15:40] {BillyD} I'm already relaxing just hearing about it dino
[15:40] {larisa} you are too easy Billy :)
[15:40] {dino} :), i need it, burning out lately
[15:40] {dino} look snda now, drops 75 cents in flash
[15:41] {larisa} I did not play it also off the bottom , too wild
[15:41] {larisa} but was your type
[15:42] {dino} more chaotic than usual imo
[15:43] {larisa} agree
[15:45] {dino} that darn sock will trade backto 60s in a day or two, thats the pattern
[15:45] {dino} stock
[15:47] {dino} veco non-stop
[15:49] {BillyD} AGEN on the move lately
[15:50] {Threei} and no news
[15:50] {Threei} just like jazz
[15:51] {Threei} only less spectacular
[15:51] {Threei} I mean spiektakuoolar
[15:51] {BillyD} keep on tomorrows radar
[15:52] {Threei} X Considering implementing permanent shutdowns if demand does not recover - WSJ
[15:52] {Threei} huh?
[15:52] {Threei} permanent?
[15:52] {BillyD} who is X
[15:53] {Threei} Us Steel
[15:53] {Threei} no less
[15:53] {BillyD} wow
[15:54] {Threei} GM Exec: "Very seriously" looking to resume auto leasing next month (related F F.IT )
[15:54] {Threei} if he looked at it laughingly, I'd be more trusting
[15:54] {Threei} okay guys, everything's according to a plan so far
[15:54] {Threei} remember I said a short while ago,
[15:55] {Threei} this is how we will sail threough this July-August slowdown,
[15:55] {Threei} picky, carwefully, taking profits when we see them and staying on a sideline when the pickings are slim
[15:56] {Threei} day after day we go with mauybe not spectacular but steady and safe profits
[15:56] {Threei} thank you all, have a good eveining
[15:57] {Threei} see you tomorrow
[15:57] {larisa} bye:)
[15:57] {BillyD} cya
[15:57] {chiro} thnk u