Thursday, July 30, 2009

Jul 30 2009

Carbon copy of yesterday - couple nice wins, couple small stops. Profitable and excruciatingly boring. LVS and RIMM formed the bottom line.

Session Time: Thu Jul 30 00:00:00 2009

[08:13] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:13] {Threei} - Expectations for initial claims are 575K v prior release of 554K (range seen from 539K to 630K)
[08:13] {Threei} - Continuing claims seen at 6.300M v prior 6.225M. (range seen from 6.100M to 6.400M)
[08:14] {BillyD} GM Vad
[08:14] {Threei} morning billy
06[08:14] * Threei slaps laserdave around a bit with a large greeting card
[08:16] {Threei} ARTG Reports Q2 $0.06 v $0.04e (ex items), R$44.4M v $43.8Me (4.36, 0.00, 0.00%)
[08:17] {BillyD} laserdave see dcc
[08:17] {Threei} gapping right into resistance to break on daily
[08:24] {JohnK} gm folks
[08:24] {Threei} John :)
[08:24] {BillyD} johnk:)
[08:24] {nemo} haroo
[08:26] {Threei} nemo :)
[08:26] {nemo} 3i :)
[08:30] {Threei} Prior jobless claims revised from 554K to 559K
[08:31] {Threei} INITIAL JOBLESS CLAIMS: 584K V 575KE
[08:42] {Threei} LVS is on watch
[08:48] {Threei} .75 is forming as resiastance to break
[08:48] {Threei} yesterday's high too
[08:49] {BillyD} they have EPS AAAAAAAAAH today
[08:49] {BillyD} AH
[08:50] {Threei} that was very emotional AH
[08:50] {BillyD} lol
[08:50] {Threei} didn't know you felt so strongly about Las vegas
[08:50] {Threei} but I share it... I am a sucker for flashing lights
[08:52] {BillyD} FITB interesting
[08:52] {fernp} good morning everybody
[08:53] {Threei} fern :)
[09:01] {BillyD} NVAX is shortable today FYI
[09:07] {ese} god morning
[09:07] {Threei} ese :)
[09:07] {ese} ahhhh good....
[09:07] {ese} although thats how i feel some mornings
[09:07] {cosmo} god is good
[09:08] {ese} and can be great some days
[09:08] {cosmo} vengeful on others...
[09:08] {ese} depending on how i;m doing in the market that day
[09:10] {ese} for instance today could be great....... i'm long mee at .41 and it's trading up on an up day
[09:11] {Threei} HIG on watch
[09:12] {Threei} temperature releif is promised over the weekend ese
[09:12] {Threei} with heat resumption on Monday
[09:12] {magoo} morning
[09:12] {Threei} magoo :)
[09:12] {larisa} gm :)
[09:12] {Threei} larisa :)
[09:12] {magoo} wat u watching? HIG for sure
[09:13] {Threei} LVS
[09:13] {Threei} FITB maybe
[09:13] {ese} thank god......being on the water and on that barge would be a killer
[09:13] {Threei} NVAX maybe
[09:14] {Threei} Vancouver had its hottest day ever yesterday
[09:14] {BillyD} Vad, MOThas a nice premkt chart and daily
[09:14] {BillyD} MOT
[09:14] {Threei} Seattle set record too
[09:14] {Threei} MOT is usually so narrow...
[09:15] {BillyD} ok, haven't really traded it
[09:15] {Threei} just look at ranges on daily
[09:15] {BillyD} ouch
[09:15] {BillyD} torture stock
[09:15] {Threei} it's over major resistance which could fuel some enthusiasm
[09:16] {Threei} but generally it's a swing trading stock, not day trading
[09:17] {dptl} good morning all
[09:17] {BillyD} hi dp
[09:17] {dino} gm all
[09:17] {Threei} dp, dino :)
[09:18] {ese} ddddddddddpppppppppp!!!!!!!! diiiiiiinoooooooooo!!!!!!
[09:20] {nemo} dino :
[09:20] {dino} :)
[09:20] {patel} good morning
[09:21] {Threei} patel :)
[09:24] {jfjf64} mornin alllllllll
[09:25] {Threei} jf :)
[09:27] {ese} TRMA.......hmmmmmm this looks good
[09:27] {ese} beats with a huge backlog
[09:29] {Threei} HIG nice pullback
[09:29] {Threei} let's see if we get opening range to break
[09:30] {Threei} Long Setup: LVS .80 break
[09:31] {magoo} in .80
[09:31] {Threei} stop under .70 for scalpers, .65 day traders
[09:32] {Threei} HIG too umpy
[09:32] {Threei} jumpy
[09:33] {ese} out mee .01 +.60
[09:34] {Threei} wtg
[09:34] {ese} tks.....i'm gonna bring should champagne over to your house randomly
[09:35] {Threei} lol
[09:35] {Threei} stop to under .70 for everyone LVS
[09:36] {Threei} FITB, pullback into 9.15 interesting
[09:37] {Threei} Long Setup: FITB .20 break if stays above .10
[09:41] {Threei} JAZZ again
[09:42] {Threei} and still no news
[09:43] {patel} got stopped on FITB
[09:43] {nemo} me too
[09:43] {Threei} hmm?
[09:43] {Threei} it never triggered
[09:43] {nemo} bought it when it looked like it was going to break .20
[09:43] {Threei} LVS 1:1
[09:43] {magoo} out .94 TY vad
[09:44] {JohnK} LVS great thx T :)
[09:44] {Threei} welcome
[09:44] {patel} i accidentally exited all instead of taking partials
[09:45] {Threei} held the stop with amazing precisaion
[09:45] {Threei} just 1 cent above it
[09:45] {Threei} 1:2 is coming
[09:47] {BillyD} I keep getting disconnected from Laser
[09:47] {BillyD} anyone else
[09:47] {magoo} others too
[09:48] {Threei} not me
[09:48] {magoo} ok me, but dave emailed
[09:49] {magoo} dave down now
[09:50] {Threei} 1:2 LVS
[09:50] {nemo} cat for short?
[09:50] {Threei} 1/4 more out, stop to .85
[09:50] {Threei} why? market is ramping up
[09:51] {ese} l mee .15
[09:51] {magoo} out fitb .26 TY vad
[09:52] {Threei} offering last portion LVS .25
[09:52] {BillyD} nice LVS VAD ty
[09:52] {Threei} welcome sir
[09:53] {_bradc} lvs very nice ty
[09:53] {Threei} :)
[09:53] {patel} nice job on LVS
[09:53] {patel} left so much on the table
[09:53] {Threei} direct hit
[09:53] {Threei} out +.44
[09:53] {ese} out mee .26 =}11
[09:54] {ese} +.11
[09:55] {Threei} HIG's irritating miss
[09:57] {wulff} crazy strong today
[09:57] {Threei} see this market doing what market does best:
[09:57] {JohnK} going for SPX 1000
[09:57] {Threei} going against expectations of majority
[09:57] {wulff} yup
[09:57] {Threei} everyone and their brothers says rally's over
[09:58] {Threei} market says, fat lady hasn't even dressed up for grand entrance yet
[09:58] {JohnK} maybe that's a clue :)
[09:58] {magoo} not magoo
[09:58] {magoo} yesterday i said R
[09:59] {jfjf64} amcs 32.00 l
[10:00] {jfjf64} amsc
[10:02] {wulff} +5.5 GS from yesterday
[10:02] {Threei} wow
[10:02] {magoo} that does it..............
[10:03] {Threei} oy
06[10:03] * magoo slaps wulff around a bit with a large trout
[10:03] {jfjf64} 1/2 half out
[10:03] {wulff} trailing stop was just hit
[10:04] {Threei} LVS big pullback
[10:04] {jfjf64} 1/4 out .41
[10:05] {Threei} Long Setup: LVS .05 break if stays above 11
[10:05] {jfjf64} last 1/4 stop at .45
[10:05] {Threei} wtg jf
[10:05] {jfjf64} stp at .65
[10:05] {Threei} most likely scalp only this time LVS
[10:05] {ese} wulff...BABY!!!!!!!!! nice!!!
[10:05] {jfjf64} stp .80
[10:06] {jfjf64} wow
[10:07] {jfjf64} stp 33
[10:07] {jfjf64} done
[10:08] {ese} l mee .33
[10:09] {ese} out mee .50 +.17
[10:10] {Threei} out LVS
[10:10] {Threei} WYNN starts retreat, don't want to stick around for formal 1 cent till 1:1
[10:14] {Threei} ENER Hearing renewed takeover chatter circulating (15.49, +0.52, 3.47%)
[10:15] {Threei} rumors or not, but breaK of .50 is lwegitimate play on ENER
[10:16] {Threei} if stays above .40
[10:17] {nemo} frickin lvs
[10:18] {magoo} out lvs .19 ty vad
[10:18] {Threei} lol mags... I don't know how you play them but the way you do has little with mine
[10:18] {Threei} little to do
[10:18] {BillyD} it's the trade idea
[10:18] {Threei} yeah, I understand
[10:19] {Threei} a lot of ways to skin a mollusk
[10:19] {magoo} i dont:)
[10:19] {BillyD} lol
[10:19] {Threei} lol
[10:19] {_matt} is that a call on ener?
[10:19] {nemo} yep
[10:19] {Threei} define call... :)
[10:19] {nemo} be nice Vad
[10:20] {Threei} what??
[10:20] {Threei} since when is it something I am expected to be?
[10:21] {nemo} ener looking more like a short
[10:21] {Threei} if it invalidates, sure
[10:22] {larisa} where do you see long or short? it is dead on low vol :)
[10:22] {magoo} rread RIMM vad?
[10:22] {Threei} there... third way to look at it :)
[10:23] {Threei} RIMM is obvious setup...
[10:23] {Threei} .80 break long
[10:25] {_matt} stop?
[10:25] {Threei} [10:16] {Threei} if stays above .40
[10:25] {Threei} or you mean RIMM?
[10:25] {_matt} on rimm
[10:25] {Threei} oh, lol
[10:25] {Threei} .60 is invalidation
[10:26] {ese} vad when your right your really you said the other day.....the market and only the market will decide when this rally is over......
[10:26] {Threei} yeah, too many predictors
[10:26] {JohnK} we are the market
[10:27] {Threei} everyione is a prophet
[10:27] {Threei} let me be one of not many who says:
[10:27] {Threei} I have no idea when this rally ends
[10:27] {Threei} I will trade what I see, day by day
[10:27] {jfjf64} boy oh boy amsc
[10:28] {ese} naz basically has another 150 pts to go....the way i see it technicaly
[10:28] {ese} but who knows
[10:28] {Threei} all those predictions and prophets... they throw their forecasts out there, and if something works they tout it
[10:29] {Threei} if it doesn't, they conviniently forget all about it
[10:30] {jfjf64} took 1.00 out of it guess sd be happy
[10:31] {Threei} u sd
[10:31] {Threei} u sd lso consdr my sgston to tpe fll wrds
[10:32] {Threei} hmm... mybe nt
[10:32] {Threei} ts fn
[10:32] {dptl} lol
[10:32] {ese} lol
[10:33] {ese} i can barely understand english as it is.....and i speak the damn language
[10:33] {JohnK} stupid ENER - took out my stop and now it's up
[10:33] {Threei} yeah, rude
[10:34] {Threei} larisa was right
[10:34] {JohnK} rude
[10:34] {nemo} about what?
[10:34] {Threei} when will learn to listen to a smart woman
[10:35] {jfjf64} amsc l 35..68
[10:35] {Threei} RIMM almost 1:1
[10:36] {Threei} out 2/3
[10:36] {Threei} stop to under b/e
[10:36] {Threei} offering the balance .20
[10:36] {wulff} had a hard stop for HGSI at .50, close one
[10:37] {JohnK} I thought that .6 had invalidated that RIMM call
[10:37] {jfjf64} 1/2 out half
[10:37] {Threei} 1 cent under on a sharp spike down?
[10:37] {Threei} not something to impact such volatile one as RIMM
[10:38] {JohnK} it went down to .54
[10:38] {Threei} 10:25, .59 low...?
[10:39] {Threei} out +.40
[10:39] {jfjf64} nice vad
[10:39] {magoo} out .17 DL
[10:39] {magoo} ty vad
[10:39] {Threei} welcome
[10:39] {wulff} hate buying those kind of obvious breaks now
[10:39] {Threei} John... where do you see .54?
[10:39] {jfjf64} all out amsc
[10:39] {magoo} +.37
[10:40] {JohnK} sorry that was at 10:17 or so - later it hit .59 as you said
[10:40] {jfjf64} +21 +19
[10:40] {Threei} oh yes, that was before the setup
[10:40] {JohnK} unfortunately, I stopped looking at it
[10:40] {Threei} doesn't count :)
[10:41] {JohnK} still learning
[10:41] {Threei} AKAM...
[10:41] {Threei} maybe recovery time
[10:42] {magoo} soon vad..been watching it
[10:42] {Threei} Long Setup: AKAM .30 if holding above .20
[10:43] {magoo} u watching HIGmiester?
[10:43] {Threei} for a bit longer hold, above .15
[10:43] {Threei} HIG, no, not really
[10:43] {magoo} well..get on it lol
[10:43] {Threei} yes sir
[10:43] {Threei} sorry sir
[10:44] {magoo} going to prinyt 18 today imo
[10:44] {Threei} right on it sir
[10:44] {magoo} awesome exit call RIMM boss..woth the monthly $
[10:44] {Threei} 18?? HIG??
[10:44] {magoo} yea
[10:45] {fernp} in AKAM
[10:45] {nemo} me too
[10:45] {Threei} GSM IPO opens for trading at $7.00 (7.12, 0.00, 0.00%)
[10:45] {Threei} Globe Specialty Metals
[10:47] {wulff} so much for oil falling
[10:48] {wulff} USO
[10:50] {nemo} stopped akam
[10:52] {jfjf64} amsc l .42
[10:53] {nemo} frickin akam
[10:54] {jfjf64} no go this time
[11:00] {patel} this AKAM is jumpy
[11:00] {patel} i waited for the longer hold on it
[11:00] {wulff} there once was a man named Obama...
[11:00] {patel} any read on it
[11:01] {Threei} the same
[11:01] {Threei} nothing really changed
[11:01] {Threei} hasn't hit a stop, hasn't reached 1:1
[11:01] {patel} yup
[11:01] {Threei} offering half at .45
[11:02] {fernp} I reloaded in .22 nice plbk with low volume
[11:03] {BillyD} nice fern
[11:06] {patel} threei give it a kick
[11:07] {Threei} I can't
[11:07] {Threei} I am trying on kinder gentlier myself today
[11:07] {patel} lol
[11:23] {cosmo} FLEX hod fwiw
[11:25] {ese} i pay attention
[11:26] {dptl} got to go....see ya guys on monday......have a great weekend :)
[11:27] {Threei} take care dp
[11:27] {fernp} bye dp have a nice weekend
[11:31] {magoo} OCR CRUSHED
[11:40] {Threei} I need a foam at my deck... lest I hit it with my chin
[11:40] {Threei} or forehead
[11:40] {patel} i know
[11:40] {patel} this AKAM is drying me insane
[11:41] {Threei} but it's not the worst actually... worst boredom is when you are trying to hit your forehead with your chin
[11:41] {patel} lol
[11:41] {Threei} or slap your nose with your ear
[11:47] {ese} now thats funny
[11:48] {Threei} US Rep Frank reportedly working on bill to subject Municipal bond issuers to more oversight (related MUNIS )
[11:54] {patel} come on AKAM
[11:54] {Threei} sigh
[11:57] {Threei} I guess we should have exited into last spike instead of being stubborn
[12:00] {ese} precarious.....alot of my daily charts are looking like topping hammers(in candlestick terms).....taking arun up and then finishing at the open or slightly above or below...hmmmmmm
[12:05] {magoo} rimm bounce vad?
[12:06] {Threei} no read here
[12:13] {nemo} still in akam vad?
[12:13] {Threei} yeah...
[12:13] {patel} same here
[12:17] {nemo} what stocks you looking at ese?
[12:22] {nemo} awake or in coma vad?
[12:22] {Threei} you know... lately it becomes hard to tewll the difference
[12:22] {nemo} whoa akamai woke up
[12:25] {patel} nemo put it on steroids for me
[12:28] {ese} zzzzzzzzzzzzzzzz gazort......skiffjit.....ganklke..........ahemmm...zzzzzzzzzzzzzzzzzzzzzz
06[12:28] * nemo tickles ese's nose with a feather
[12:28] {ese} snifff snifff.....zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
06[12:29] * nemo puts ese's hand in a bucket of warm water
[12:29] {ese} ese....quickly runs to back in a minute
06[12:29] * nemo snickers
[12:30] {ese} ese....realises he's been had again..........rats......i'll get even
[12:30] {Threei} you guys scare the living daylight out of me
[12:30] {ese} we .....
[12:31] {ese} we.....
[12:31] {ese} are
[12:31] {ese} a.....
[12:31] {nemo} huh? pot calling the kettle black there Vad...
[12:31] {ese} product....of your environment
[12:31] {Threei} exactly
[12:31] {nemo} speld it rong
[12:31] {Threei} I am getting opportunity to see it clearly, lol
[12:31] {nemo} Rimm vad?
[12:32] {Threei} formed .50 - .62 range
[12:32] {ese} and loving it by the's fun being on this board even if i wasn't trading
[12:33] {ese} although.....??????
[12:33] {ese} the money is nice too
[12:35] {ese} L mee .23
[12:35] {ese} lets hope this qqqq is change of dierction for the day
[12:36] {ese} dierction?????
[12:36] {Threei} both
[12:36] {nemo} threeish
[12:37] {ese} indeed
[12:42] {nemo} brcm Vad
[12:43] {ese} l mee again avg price .27
[12:44] {Threei} if you went for RIMM, 1:1 was reached
[12:44] {_matt} genz read?
[12:44] {Threei} if not... why do yuo ask me about BRCM, to have another comment to ignore? {G}
[12:45] {Threei} GENZ is rather short
[12:45] {Threei} with stop above 56.10
[12:45] {Threei} but it's like 51/49
[12:46] {Threei} anyway, BRCM is rather no play at all
[12:46] {_matt} I was thinking 56.10 break
[12:46] {_matt} with 55.99 stop
[12:46] {Threei} which would be an invalidation of that short, thus legitimate long
[12:50] {patel} AKAM is like a rollercoaster
[12:50] {Threei} only very small one
[12:50] {patel} yup
[12:51] {Threei} like you go through its swings with your eyes only, not with whole body, lol
[12:52] {nemo} so, the spins when you're really drunk?
[12:52] {_matt} is akam one that you are familar with?
[12:53] {nemo} yep
[12:54] {Threei} we uaed to play it now and then if that's wat you mean
[12:55] {patel} good thing is we might get through the lunchtime slowdown
[12:55] {_matt} yes
[12:55] {patel} threei, what has your experience beenw hen a stock like AKAM is acting this way. Does it work out good for you in the end?
[12:55] {Threei} Preview: Treasury's $28B 7-year note auction results due out just after 1pmET
[12:55] {Threei} - $28B is a $1B increase from the June auction
[12:55] {Threei} - prior bid-to-cover was 2.82 pushing the average of the first 5 auctions since the Feb $22B relaunch up to 2.40
[12:55] {Threei} - indirect bidders took 67.2% of competitive bids at last auction, while 13.2% was alloted at the high
[12:55] {Threei} - the When Issued currently yields 3 basis points above the cash maket at 3.38%
[12:56] {Threei} I don't think you can generalize it like this
[12:56] {Threei} some work, some don't
[12:56] {nemo} put tbt and tlt on your screens :)
[12:57] {Threei} you can get stopped and think why didn't I dump it when it stalled for so long
[12:57] {Threei} or you may dump it and then watch it rocketing and think why did I ever sell it, it never tagged my stop
[12:58] {Threei} attempts to outguess the market and avoid all undesirable outcomes are akin to attempts to trade with no losses
[12:58] {Threei} which is is a pipe dream
[12:59] {Threei} AAPL Reportedly researchers have found a security vulnerability in Apple iPhone that allows hacker to take over the handset by sending an SMS message to the phone
[12:59] {Threei} oh good
[12:59] {jfjf64} l jpm .72
[12:59] {Threei} if I stick to electornic cigarette, will I ever see a day when hackers take it over?
[13:01] {nemo} they must have liked the auction, tbt just tanked
[13:02] {jfjf64} 1/1 out
[13:02] {Threei} indirect bidders take 62.5% of competitive bids
[13:02] {Threei} notes draw 3.369% with 91.7% alotted at the high
[13:03] {Threei} Wynn Resorts LTD CEO: More afraid of Washington than the economic situation; Encore Macau is on schedule and on budget - conf call
[13:03] {Threei} - Cost savings began to have an impact in Q2; not planning any more payroll cuts; cost cuts in Las Vegas saving approx $100M/year
[13:03] {Threei} - follow up: CEO comments that WYNN is bidding for a license in New York.
[13:03] {jfjf64} s jpm .82
[13:03] {Threei} More afraid of Washington than the economic situation - no kidding
[13:09] {_matt} thanks jfj64 out +.05 on jpm, do you follow this stock?
[13:10] {jfjf64} nope
[13:10] {jfjf64} just bored range play off bolli
[13:11] {Threei} GENZ worked on both sides, lol
[13:11] {jfjf64} tight stop
[13:11] {Threei} 1:1 on short, over 1:1 on long
[13:12] {_matt} :)
[13:12] {jfjf64} i sd of grabbed 5 cents on short still sittin with it
[13:13] {magoo} read hig vad
[13:13] {BillyD} you in magoo
[13:13] {magoo} no..flat here
[13:13] {magoo} watching hig..rimm..akam
[13:14] {Threei} couple moves between .90 and 17, and HIG will become interesting for a break
[13:16] {_matt} could that be a possible cup and handle forming on hig?
[13:18] {jfjf64} jpm is gonna explode
[13:19] {larisa} 39 res
[13:19] {jfjf64} just gut feelin
[13:20] {jfjf64} .90break long
[13:21] {Threei} HIG start looking like maybe
[13:21] {patel} is break of 17 a alert
[13:21] {Threei} yeah
[13:21] {jfjf64} got the look also somethin brewin
[13:21] {ese} Out MEE .53 +.27......outta here for the day all see you tomorrow......have a rehearsal for the symphony splash here in victoria to prep for...take care
[13:21] {patel} stop below .90
[13:22] {patel} nice job ESE
[13:22] {fernp} bye ese
[13:22] {ese} thanks P
[13:22] {dino} tbt crushed on auction
[13:22] {nemo} yeah, dropped right after it hit the tape
[13:23] {jfjf64} hig gettin there
[13:24] {jfjf64} in
[13:25] {jfjf64} aggresive entry for me see what happens
[13:25] {nemo} hope it isn't like my aggresive fitb entry this morning
[13:25] {jfjf64} stop 5 cents vad
[13:25] {jfjf64} me too nemo
[13:25] {Threei} 5 cents?
[13:26] {Threei} there is no support at .95
[13:26] {larisa} 16.90 tech support HIG
[13:26] {Threei} right
[13:26] {jfjf64} yup let me change that ty
[13:27] {nemo} akamai, what a tease
[13:27] {jfjf64} jpm invalid here
[13:27] {jfjf64} comon hig big push ya want it
[13:27] {nemo} c u tomorrow
[13:28] {larisa} bye ne
[13:28] {patel} bye nemo
[13:30] {jfjf64} here we goooooooooo
[13:31] {patel} magnet to 17
[13:32] {jfjf64} once it gets pass 17 she sd go
[13:32] {jfjf64} how long that gonna take dont knoww
[13:35] {_matt} is hig a call that you are going to trade?
[13:37] {Threei} I don't understand matt
[13:37] {Threei} you like - you take
[13:37] {Threei} what does it matter to you who else is going to do it?
[13:38] {magoo} sheesh..give new kid a break lol
[13:39] {Threei} did you get any?
[13:39] {magoo} now if that was nemo.well
[13:39] {Threei} and look how well you turned out, my son
[13:39] {magoo} whats it matter if i got any HIG?
[13:40] {_matt} trying to clarify if they are trades that you are calling or answering question like when I asked about genz
[13:40] {Threei} I get it... I just am not sure why it matters :)
[13:41] {Threei} ultimately, any trade decision comes to individual choice
[13:41] {Threei} either you like the trade, it fits in your prfoile so to speak,
[13:41] {Threei} your objectives, risk tolerance etc
[13:42] {Threei} type of the movement
[13:42] {Threei} or not
[13:42] {dino} the vad "disclaimer", :)
[13:42] {Threei} it matters not whether someone else goes for it or not
[13:42] {_matt} from your website i know you go over a certain thought process and am just learning
[13:42] {Threei} in trading there is no reward for being part of the group or being against the group
[13:43] {_matt} the tendancies of your trading style while developing my own
06[13:43] * magoo slaps laserdave around a bit with a large trout
[13:43] {Threei} yes.. but the thought process is the same whether stock came up on a scanner, or someone asked abotu it or I stumbled over it while surfing through usual suspects
[13:43] {Threei} all of that serves as just an initial point,
[13:43] {Threei} stock is being brought to attention
[13:44] {Threei} Then it's just a chart evaluation
[13:44] {Threei} all sources are equal except one:
[13:44] {_matt} and you normally do not trade when the market is sideways, so if this is a call then i can further understand how you trade
[13:44] {Threei} when magoo brings a stock to my atention I tend to lower my odds {G}
[13:45] {Threei} let's say, I am more picky
[13:45] {Threei} less aggressive
[13:45] {magoo} that does really does it...............
[13:45] {Threei} doesn't mean I don't trade at all
06[13:45] * magoo slaps Threei around a bit with a large trout
[13:46] {Threei} you could notice I decrease activity when morning rush is over
[13:47] {_matt} definitely, the reason why I am curious about hig is because the market strength and a possible formation of cup and handle because of that
[14:07] {jfjf64} s amex .46 trigger here
[14:22] {jfjf64} out amex even
[14:24] {jfjf64} vad tk read ggc anythin
[14:26] {jfjf64} crazy spread
[14:29] {Threei} shrug
[14:30] {jfjf64} what all in coma
[14:30] {Threei} GGC is certainly not the stock to make me come out of coma
[14:33] {Threei} AKAM... is it for real... or am I dreaming
[14:34] {jfjf64} go bk to sleep
[14:35] {Threei} ok... but I am out AKAM
[14:37] {jfjf64} im stalkin cof 31
[14:38] {jfjf64} in .99
[14:40] {jfjf64} 1/1
[14:40] {jfjf64} half out
[14:41] {BillyD} thx JF for scalp
[14:42] {jfjf64} all out
[14:42] {jfjf64} +10 +7
[14:42] {jfjf64} welcome bd
[14:44] {jfjf64} vadd hig 17 ya lk
[14:44] {Threei} no
[14:44] {Threei} it's tired
[14:45] {magoo} i have apptmrt..see u tomorrow TY
[14:45] {jfjf64} looks it
[14:45] {BillyD} wait
06[14:45] * BillyD slaps magoo around a bit with a large trout
[14:45] {Threei} lol
[14:45] {Threei} take care mags
[14:45] {BillyD} mags rubs off on me
[14:46] {Threei} I wish you wouldn't give me this image
[14:47] {BillyD} it was impulsive move....don't know what happen
[14:47] {BillyD} LVS keeps trudging along
[14:49] {magoo} :)
[14:49] {jfjf64} good night all
[14:50] {BillyD} cya jf
[14:52] {Threei} take care jf
[14:59] {Threei} BCRX got seriuosly hit today
[15:02] {Threei} US Treasury's Wolin: Reiterates bulk of stimulus to arrive within 6 months; US still has a long way to go before growth in the economy\
[15:05] {_matt} is the afternoon more exciting in the fall?
[15:06] {Threei} all trading is, not just afternoons
[15:06] {Threei} afer labor day activity picks up
[15:07] {Threei} LVS is back to high
[15:07] {BillyD} almost tokk .21
[15:07] {Threei} MGM too
[15:08] {BillyD} don't look at AKAM
[15:10] {patel} yes i defiintely wont
[15:10] {patel} they took me out at 16.14
[15:11] {Threei} I looked. It hurt.
[15:12] {Threei} as jf would say, sd hv listnd to u
[15:22] {Threei} LVS and MGM move independently of market
[15:23] {Threei} my guess was they followed WYNN, but no, not really
[15:29] {Threei} maybe bounce scalp worthy off .20
[15:34] {Threei} WYNN Wedbush Morgan Cuts WYNN to Hold from Buy (timing uncertain
[15:35] {Threei} shrug
[15:35] {Threei} killjoy
[15:35] {wulff} which .20
[15:36] {Threei} never mind that
[15:36] {Threei} thought of LVS
[15:37] {dino} taking off, back on the 10th. good luck all
[15:37] {BillyD} enjoy dino
[15:37] {larisa} have a great vaction :)
[15:37] {larisa} +1
[15:37] {Threei} have fun dino
[15:37] {larisa} +a
[15:37] {larisa} lol
[15:38] {dino} ty all
[15:38] {fernp} enjoy dino
[15:43] {larisa} do we have time to close negative for a day ? :)
[15:43] {Threei} of course
[15:43] {Threei} 17 minutes more
[15:44] {Threei} just 85 points to go
[15:44] {Threei} wow WYNN
[15:44] {_matt} negative from open
[15:53] {Threei} won't happen... closing in green
[15:54] {Threei} but finish is suspicious
[15:54] {wulff} yup
[15:54] {_matt} :O can you elaborate on suspicious
[15:55] {Threei} sharp drop into close, not really looking good for uptrend continuation
[15:55] {_matt} thank you
[15:56] {Threei} too early to judge but this is gfirst alarm bell
[15:59] {Threei} okay guys, let's call it a day
[15:59] {Threei} thank you all, have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {_matt} good calls today
[16:00] {larisa} bye