Thursday, August 6, 2009

Aug 06 2009

Beautiful morning with 4 winning trades on HIG and BAC, then one stop on HIG, and a lot of nothing on the afternoon. Read the trades and explanations to them as we managed to insert some educational content as well.

Session Time: Thu Aug 06 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 580K v prior release of 584K (range seen from 550K to 600K)...more...
[08:16] {Threei} AIG... eeck
[08:16] {nemo} OMG
[08:16] {nemo} How do you trade that?
[08:16] {Threei} you don't
[08:17] {nemo} kinda' rhetorical question
[08:17] {Threei} unless you gamble, but then it won't last long
[08:17] {Threei} (US) Obama administration considering reorganization of Freddie Mac and Fannie Mae - Washington Post
[08:17] {Threei} - Companies' troubled assets would be pooled into a govt-sponsored corporation (related FNM FRE AIG XLF IEF TLT SHY EUR/USD EUR/JPY USD/JPY GBP/JPY GBP/USD USD/CHF SPY GLD DIA )
[08:17] {Threei} hiow is it different from what we have today?
[08:17] {Threei} FRE and FNM ARE govt-sponsored corporations
[08:18] {Threei} AIG Stock trading up another $6 on no apparent new news (22.00, 0.00, 0.00%)
[08:18] {Threei} yeah, we noticed
[08:24] {nemo} Mmmmhhhh...I wonder if AIG is being thought of as a FNM FRE?
[08:26] {Threei} NDAQ Exec: notes they are in talks with regulators about flash trading; NDAQ began flash trading in June (21.66, 0.00, 0.00%) (related NYX )
[08:26] {cosmo} AIG's Blames "Perfect Financial Storm" For Its Woes, Cites "Run On the Bank"
[08:26] {cosmo} In A New Twist On Cause Of Collapse
[08:26] {nemo} So it wasn't stupid management?
[08:27] {cosmo} didm't say....
[08:27] {Threei} AIG is effectively insurance company
[08:27] {cosmo} didn't
[08:27] {Threei} know any that would survive all their customers filling claims at the same time?
[08:27] {nemo} always was, but they're sponsored by the government
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 550K V 580KE; CONTINUING CLAIMS: 6.310M V 6.250ME
[08:36] {nemo} market shrugging off the unemployment report so far
[08:36] {jfjf64} mornin
[08:37] {Threei} jf :)
[08:56] {Threei} AIG dropped almost 4 points from high
[08:56] {nemo} why didn't we short? :)
[08:56] {Threei} 3 more and it's actually back in close, lol
[08:57] {larisa} good morning :)
[08:57] {nemo} hi lari
[08:57] {Threei} larisa :)
[08:57] {larisa} nemo, vad :)
[09:02] {JohnK} gm folks
[09:02] {Threei} John :)
[09:05] {fernp} good morning everybody
[09:06] {Threei} fern :)
[09:08] {wulff} just stole .80 from AIG
[09:09] {Threei} :)
[09:09] {jfjf64} nice wulff
[09:09] {wulff} can't trade today, so I feel good about that
[09:18] {ese} good morning.......
[09:19] {Threei} ese :)
[09:21] {Threei} US) White House Econ Adviser Romer: Remains reasonable to predict positive GDP growth by the end of 2009
[09:21] {patel} good morning
[09:21] {Threei} so... what's our next AIG?
[09:21] {Threei} patel :)
[09:22] {nemo} AIG
[09:23] {Threei} this kind of moves rarely happens in vacuum... traders start looking, and usually find, the next name to run ina similar fashion
[09:23] {ese} aig has to be the ultimate short cover......that was pretty amazing to watch yesterday
[09:23] {Threei} well, amazing thing is, it didn't it have that many shorts in it
[09:24] {nemo} 18% or so
[09:24] {Threei} 18% of float was shorted according to July numbers
[09:24] {Threei} whihc is nice to squeeze of course
[09:24] {Threei} but it's not anywhere close to numbers that could warrant ssuch move
[09:28] {Threei} HIG Completes Discretionary Equity Issuance Plan, raising size to $900M from $750M (16.50, 0.00, 0.00%)
[09:29] {nemo} bac moving
[09:29] {Threei} HIG too
[09:30] {jfjf64} hig wow
[09:31] {Threei} Long Setup: HIG .50 break
[09:31] {Threei} if stays above .35
[09:31] {Threei} not a scalp for me
[09:32] {ese} in
[09:32] {jfjf64} in .52
[09:33] {Threei} half out .84
[09:33] {JohnK} great trade HIG thx T :)
[09:33] {Threei} 1/4 more out 18.03
[09:33] {ese} out .04
[09:33] {jfjf64} tytyty
[09:33] {ese} +.50......thank you vad
[09:33] {Threei} stop to b/e for the last piece
[09:34] {Threei} that was my "next AIG" play for the first 5 minutes
[09:34] {Threei} can I go hopme?
[09:35] {nemo} that was too wild for me
[09:35] {jfjf64} .35 break bac ya lk vad
[09:35] {Threei} it was wild on profitable move side... entry was quite normal
[09:35] {ese} yes you may go home.......
[09:35] {Threei} best kind
[09:35] {Threei} enter calmly, dump into crazy jump
[09:36] {ese} question now is.......where will it settle and when to get back in again
[09:36] {jfjf64} ditto that was great stuff
[09:37] {Threei} so rry jf, I am not ingoring you, it's just that BAC answered question by itself
[09:37] {Threei} HURN...
[09:38] {jfjf64} you cd ignor mee no prob +48 cents too start day keep ignor in me
[09:38] {Threei} Long Setup: HIG .60 break if holding .,50
[09:39] {jfjf64} in
[09:39] {Threei} 1:1
[09:39] {Threei} half out
[09:40] {Threei} or scalp
[09:40] {Threei} can't tell this time
[09:40] {jfjf64} all outr
[09:40] {JohnK} thx again T, great trade
[09:40] {Threei} welcome
[09:40] {Threei} jeez, where is magoo
[09:40] {Threei} this is his style trades, he will cry like a baby
[09:40] {jfjf64} ty pls ignore me one more time
[09:40] {Threei} lol
[09:41] {nemo} not after the week he's had
[09:41] {Threei} you clearly don't know magoo very well
[09:41] {nemo} He's probably out shopping for Dino's new computer
[09:41] {Threei} "nevcer enough" is his mortto
[09:42] {jfjf64} met l .40 break
[09:42] {Threei} mistype 2 words out of every 3 is mmine, obviously...
[09:42] {ese} zion off like a rocket
[09:43] {Threei} yeah, traders go over financial names looking for the next AIG
[09:43] {ese} pick a financial institution ....any financial institution
[09:44] {cosmo} tobacco plantations
[09:44] {jfjf64} mbi 6.90 break
[09:45] {jfjf64} in .92
[09:45] {ese} hig Long at .80 vad?
[09:45] {jfjf64} stop
[09:45] {Threei} I'd like it to consolidate closer tyo it ese
[09:46] {Threei} as it stands, srtop would have to be under .60
[09:46] {Threei} a bit too wide for my taste
[09:46] {ese} ok
[09:47] {jfjf64} mbi l .95 stop .80
[09:49] {ese} most financial institutions heading down....blow off top
[09:49] {ese} fitb -.46
[09:49] {ese} etc etc
[09:49] {magoo} morn, running late]
[09:49] {Threei} awwww
[09:50] {jfjf64} invalid mbi
[09:50] {magoo} DO NOT SAY IT:)
06[09:50] * Threei slaps magoo around a bit with a large roll of missed profits
[09:50] {Threei} lookie here mags, after 50 cents move on a first opening trade in a matter of seconds after entry:
[09:51] {Threei} [09:40] {Threei} jeez, where is magoo
[09:51] {Threei} [09:40] {Threei} this is his style trades, he will cry like a baby
[09:51] {Threei} 09:41] {nemo} not after the week he's had
[09:51] {Threei} [09:41] {Threei} you clearly don't know magoo very well
[09:51] {Threei} [09:41] {Threei} "nevcer enough" is his mortto
[09:51] {Threei} 1:2 for those who partialled HIG
[09:52] {magoo} im crying here like a baby..SERIOUSLY
[09:52] {Threei} I know :(
[09:52] {jfjf64} ddr break .82
[09:52] {Threei} HIG opening break, you would be all over it
[09:52] {cosmo} HURN won't die...holding 15.20
[09:52] {magoo} see, i like to make it when we can..never enough
[09:52] {Threei} see this long tail over 18?
[09:53] {Threei} that's where we exited
[09:53] {magoo} AIG too...AW SIGH
[09:53] {Threei} well, AIG doesn't pain me
[09:53] {Threei} that was beyond normal read
[09:53] {Threei} and well beyond normal risk
[09:54] {magoo} any read RIMM here?
[09:54] {ese} HURN looks like a great long bet cos
[09:54] {Threei} RIMM{ not so much
[09:54] {Threei} jf's MBI is of some interest though
[09:54] {Threei} report was not so rosy by it,
[09:54] {Threei} yet it gapped up,
[09:55] {Threei} and look at its daily
[09:55] {cosmo} ese....i think i killed it ...sigh
[09:55] {ese} nawwww....this one will bounce back
[09:55] {Threei} it breaks 7 - 7.10 zone, there is nothing up to 8
[09:55] {cosmo} needs to hold 15 imo
[09:56] {ese} yes agreed
[09:56] {Threei} and if it takes 8, 11 is next, and minor, resistance
[09:56] {Threei} to me, it's now a matter of whether traders consider it "next AIG"
[09:56] {ese} am gonna wait for this one to settle cos.....i'd like to go long on it
[09:57] {ese} higher low in conjunction with market and off it will go
[09:57] {magoo} AIG crashed 3 points
[09:57] {Threei} yeah, it does it now and then, lol
[09:57] {cosmo} hmmm
[09:58] {jfjf64} need market bounce in this ddr
[09:58] {magoo} HIG pulls bk
[09:58] {ese} if i can get drys closer to 6 as well....i'm gonna buy a crap load of that also
[10:02] {ese} vad tell me what you think of SCHW when you get a of them consolidating at the highs things
[10:03] {Threei} I like it with market help ese
[10:03] {ese} tks .....
[10:04] {magoo} BAC vad..bouncer
[10:04] {Threei} yes
[10:04] {Threei} usual method of hunting
[10:04] {Threei} .70 break
[10:04] {Threei} stop under .60
[10:05] {ese} l schw .02
[10:05] {Threei} under .64 for extreme scalpers
[10:05] {ese} small
[10:05] {Threei} 1:1 for those pesky extreme scalpers
[10:05] {fernp} ty vad
[10:05] {Threei} 1:1 for the rest
[10:05] {Threei} nice and easy
[10:05] {magoo} in .67 out .82 DL TY BOSS
[10:05] {Threei} hehe
[10:05] {Threei} magoo's revenge
[10:06] {Threei} I envision him buying BAC with scream "that's for missed HIG!!!"
[10:06] {magoo} i was yelling "run forest run" really
[10:06] {Threei} 1:2
[10:07] {Threei} you know this way of bottom hunting guys, just never forget:
[10:07] {Threei} doing this you must be ready for multiple tries
[10:07] {Threei} and that might hurt
[10:07] {Threei} if you are not, do it in a different fashion:
[10:08] {magoo} MBI vad, take a look
[10:08] {Threei} be ready to miss THE bottom, and watch for bottoming formation,
[10:08] {Threei} like double bottom
[10:08] {Threei} not delighted by MBI
[10:09] {Threei} let me explain the thought process
[10:09] {Threei} MBI at this point becomes a failed breakout play,
[10:09] {Threei} it was looked at as possible runner,
[10:09] {Threei} it failed,
[10:09] {Threei} no major attention to it until and unless it retirns to 7 and breaks it,
[10:10] {Threei} so it kind of becomes a food for small pikers till then,
[10:10] {Threei} and that's not who we want to try and profit from.
[10:10] {Threei} that's hard competiton for every 5 cents
[10:10] {Threei} we want big fish to come in and run things
[10:11] {Threei} then we have kind of movement and volume giving us our risk/reqards
[10:11] {Threei} rewards too
[10:11] {Threei} here comes BAXC for p[ossible double bottom
[10:12] {Threei} BAC
[10:12] {Threei} perfect
[10:12] {Threei} same setup
[10:12] {Threei} .70 break
[10:12] {Threei} if holding above .60
[10:12] {Threei} same stop for extreme scalpers as last time too
[10:13] {Threei} and same outcome once again
[10:13] {Threei} 1:1 for pesky scalpers
[10:13] {Threei} 1:1 for the rest
[10:13] {fernp} ty again
[10:13] {Threei} welcome again
[10:13] {nemo} figures, my executor was disconnecte
[10:14] {Threei} you had total interenet disconenction
[10:14] {Threei} [10:03] * nemo ( Quit (Ping timeout: 121 seconds)
[10:14] {nemo} could see the charts and LII, couldn't enter order
[10:14] {Threei} usually losing connector in such cases
[10:14] {nemo} logging in again now
[10:14] {ese} atvi....pattern right out of vads book........ummmmmm maybe slightly tighter consolidation
[10:16] {Threei} don't go for BAC this time
[10:16] {Threei} it's only on a surface that it loks like the same thing third time
[10:16] {Threei} in reality it's more likely to fail
[10:16] {Threei} there, new low
[10:17] {nemo} short?
[10:17] {Threei} don't know
[10:18] {cosmo} GLBL firm
[10:18] {Threei} back to MBI:
[10:19] {Threei} now that it reached 6, resiastance from yesterday
[10:19] {Threei} it has a chance to put bottom in and become a bounce play
[10:19] {Threei} what I want to see is prolonged consolidation,
[10:19] {Threei} forming of a nice solid resistance level
[10:19] {Threei} then breaking it while never losing 6
[10:20] {magoo} AIG crshed
[10:20] {Threei} jf... you asked for 3 for 3 yesterday
[10:20] {Threei} we got 4 for 4
[10:21] {nemo} 2 higs and bac, what was the other?
[10:21] {Threei} BAC twice
[10:21] {nemo} oh yeah, my internet failure
[10:22] {Threei} this MBI move is not to my liking
[10:23] {magoo} io just raped AIG for a point .60 out 23.63 IM BACK
[10:24] {magoo} im having such a great week i hope dino never comes bacvk...he must be bad luck
[10:25] {Threei} lol
[10:25] {ese} schw strong against market
[10:25] {magoo} better edit that one boss..he reads them some times he he
[10:27] {ese} come on drys........down just a little bit more
[10:27] {larisa} I think dino will like this one, vacation forever, no magoo... :)
[10:27] {cosmo} GLBL waits patiently for mkt reversal
[10:27] {cosmo} me thinks
[10:28] {cosmo} 8.65 hod
[10:29] {magoo} that does it larisa ............
06[10:29] * magoo slaps larisa around a bit with a large trout
[10:29] {nemo} tough magoo
[10:30] {ese} there a price target on GLBL
[10:30] {nemo} rimm base building
[10:31] {cosmo} should hold 8.30 to stay interesting
[10:31] {ese} CNBC's Faber: Reiterates that move over past two sessions does not appear to be news related; Speculates short squeeze (23.41, +1.41, 6.41%)
[10:31] {ese} duuuhhh......
[10:31] {nemo} yep rimm base built
[10:32] {magoo} yea..and they call him "the brain" for those astute observations
[10:33] {ese} schw....there she blows
[10:36] {ese} stop to break even
[10:39] {cosmo} GLBL tests
[10:41] {ese} out schw .13 +.11
[10:43] {larisa} wow HIG
[10:44] {larisa} 17.20 bottom looks nice now :)
[10:44] {larisa} I got a signal 17.35. DID not take it silly
[10:44] {magoo} yea..was looking at it on cross of .50..missed it
[10:45] {Threei} so... HIG will be new AIG{ looks like
[10:45] {larisa} crossing .50 good wntry too with .43 support
[10:45] {ese} bstop drys .41
[10:45] {Threei} yeah, acts like it
[10:45] {magoo} yea vad..gotta watch if IF traders want to run it 8 points
[10:45] {Threei} picks up the pace, tajkes out resiatnces
[10:46] {Threei} pullbacks are well supprted
[10:46] {cosmo} GLBL tests .65 resistance
[10:46] {cosmo} could hit 9 .....
[10:49] {Threei} okay... in
[10:49] {Threei} stop under .50
[10:49] {Threei} risky as hell
[10:49] {nemo} hig?
[10:49] {Threei} yeah
[10:50] {Threei} can take a few tries
[10:50] {ese} L drys by the way...sorry .39
[10:50] {Threei} but if goes, not selling first partial tll near 19
[10:50] {magoo} i got your back vad..willl follow u anywhere
[10:51] {Threei} no worky
[10:52] {Threei} deeper pullback will be next chance hopefully
[10:52] {Threei} if it breaks from here, it's a shakeout... tough to find re-wentry on those
[10:55] {Threei} .30 break long if stays above .20
[10:55] {Threei} again - stay away if not ready for a few tries
[10:55] {ese} HMIN....heres one i haven't heard of before up +5.5
[10:57] {ese} L fuqi .00 small
[11:00] {chiro} L amgn 61.02
[11:01] {cosmo} GLBL should hold 8.50 ... or its time to walk the dogs
[11:01] {Threei} recalibrating HIG
[11:01] {Threei} .25 break
[11:02] {Threei} stop under .10
[11:02] {magoo} in
[11:03] {ese} fuqi uki......butting up against 28.00 nicely
[11:03] {Threei} 1:1
[11:06] {Threei} losing momo
[11:07] {Threei} not looking good for a big run so far
[11:14] {Threei} US TARP Inspector General: Some recipients of TARP did not necessarily meet quantitative criteria (related XLF )
[11:20] {ese} out fuqi .01 +.01 ain't goin nowhere
[11:22] {ese} rats cos....was watching other things and missed the runup in HURN
[11:33] {ese} nice run for schw
[11:34] {Threei} yup
[11:37] {nemo} cat is up with the $...interesting
[12:03] {_prth} what is your take on the rsi indicator?
[12:03] {Threei} as any of them,
[12:04] {Threei} useful as far as you understand the underlying price action and use it as a visual help to interpret it,
[12:04] {Threei} useless and even harmful if you expect it to tell you what to do.
[12:04] {nemo} the 3i indicator is better
[12:07] {_prth} for example on bac coming down right now looking for a bounce off the low of the day with the rsi dipping below 30 and going above, if it never gets there then no trade
[12:08] {chiro} rimm ..ndl
[12:13] {patience} prth, i use rsi as a substitute for reading level 2 (there's logic in there somewhere). point is, rsi works most of time except for full moon like today, it's august, and euphoria can last longer than common sense. i shorted Teck few days ago based on rsi and took until today to make my profit....sorry, long post
[12:17] {_prth} takes forever because I only take it in the direction of the day and only get 1 or 2 set ups, so today I would only take a long on bac and yes the 3i indicator is way better
06[12:17] * Threei takes a bow
[12:18] {Threei} here is something for you guys and gals to enjoy for the next few minutes, jf excluded:
06[12:18] * magoo slaps Threei around a bit with a large trout
[12:18] {Threei}
[12:18] {Threei} patience, ese... for you especially :)
[12:18] {Threei} all images are clickable
[12:19] {patience} life is good here :)
[12:21] {dptl} good morning all
[12:21] {Threei} dp :)
[12:21] {Threei} another late sleepers missing beautifl plays
[12:21] {ese} it sure is patience....nice pictures vad. Was that around the San Juan islands or on the west coast of the island
[12:21] {dptl} no fishing again ..just got back :)
[12:21] {ese} or was that just in fromt of dps house?
[12:22] {Threei} just off Sidney
[12:22] {ese} I didn't kn ow that the sea lions hung out
[12:24] {ese} where did the tour originate from....victoria or Sydney?
[12:25] {Threei} Sindey, dock at the bottom of Beacon Ave
[12:26] {ese} couple of miles up the road from you....perfect
[12:28] {ese} is the tour specific.....or will they take you anywhere that you would like to go?
[12:29] {Threei} This one is specicifc but ZI understand they do charter as well
[12:50] {magoo} vad..we in anything?
[12:51] {Threei} coma
[12:51] {nemo} beat me to it
[12:51] {Threei} (predictable answer, but then again, you knew it when asked)
[12:51] {nemo} certain things must be routine
[12:58] {magoo} vad..HIG gets active
[12:58] {Threei} White House press secretary Gibbs: GSE reform will be part of the financial market regulation overhaul, but no meeting specific to reforming Fannie and Freddie is planned
[12:58] {Threei} - says any decision on reform for the GSE's is "light years away."
[12:58] {Threei} - reminder: The Washington Post reported this morning that the Obama Administration is considering reorganization of Freddie Mac and Fannie Mae.
[12:58] {Threei} - On Korea, Gibbs insists no change in US policy toward North Korean nuclear program following President Clinton's mission.
[12:59] {jfjf64} what up guys steped away
[12:59] {Threei} oh, just some new pics for you jf
[12:59] {jfjf64} ahhhhhhhhhhhhhhhhhhhhh
[12:59] {jfjf64} not pics
[12:59] {jfjf64} lol
[13:01] {ese} pitty the people who bought AIG close to 30 thinking it was gonna still keep heading up
[13:03] {magoo} no..they all sold out
[13:05] {Threei} ummm
[13:05] {Threei} to whom? :)
[13:05] {jfjf64} ago .20 break
[13:10] {jfjf64} invalid
[13:29] {ese} well she wouldn't get kicked out of Disneyland
[13:29] {Threei} who?
[13:30] {nemo} belle
[13:30] {ese} belle
[13:30] {Threei} gosh... you guys... :)
[13:30] {Threei} you keep those mesages in main window?
[13:30] {nemo} didn't know you could remove them
[13:30] {ese} keep ....keep....they just show up
[13:31] {Threei} mine are in status
[13:31] {Threei} why clutter #discussions
[13:31] {larisa} lol
[13:32] {jfjf64} .15 break ago
[13:32] {nemo} how do you remove it
[13:32] {nemo} on what jf?
03[13:32] * Retrieving #discussions modes...
[13:33] {jfjf64} AGO
[13:33] {Threei} lol
[13:33] {nemo} yuk yuk yuk
[13:38] {jfjf64} this ago died on me ohh well
[13:53] {jfjf64} .84 short ago
[13:53] {nemo} which stock :)?
[13:57] {jfjf64} half out
[13:58] {jfjf64} all out
[14:01] {jfjf64} grrrr
[14:02] {nemo} draw a trend line next time
[14:08] {jfjf64} .55 l ago
[14:09] {nemo} Hasn't broken trend why going long?
[14:09] {larisa} nemo, did you know not all people trading using trend lines ? :) there are million systems out there :)
[14:10] {jfjf64} bounce time
[14:10] {nemo} I was asking why, that's all, had been staying under the BB ma
[14:11] {jfjf64} ty larissa
[14:11] {larisa} I understand. Always amazes me, how 2 people can look at same stock and have opposite view what to do with it
[14:12] {nemo} that's why I was asking "why?"
[14:12] {larisa} lol
[14:12] {jfjf64} vad ya in coma
[14:12] {Threei} always
[14:12] {Threei} why?
[14:13] {jfjf64} no reason
[14:13] {larisa} will market bounce vad ?
[14:13] {larisa} :)
[14:13] {larisa} and when and why
[14:13] {Threei} then, why you ask... and why nemo asked why... so many why's, my head hurts
[14:14] {Threei} and where is Billy
[14:14] {nemo} I didn't ask you vad
[14:14] {Threei} why?
[14:14] {Threei} I mean, thank you
[14:14] {nemo} because jf made the call
[14:15] {jfjf64} nemo needs a drink
[14:15] {nemo} you were in coma
[14:15] {nemo} don't drink
[14:15] {jfjf64} lol
[14:15] {Threei} as if my being in coma ever prevented anything
[14:15] {jfjf64} sd i tk my 1/1 nemo
[14:15] {jfjf64} lol
[14:16] {larisa} I want bounce now!
[14:16] {nemo} kewl
[14:16] {nemo} what did you see jf?
[14:16] {jfjf64} how is trend line
[14:16] {nemo} gone
[14:16] {jfjf64} lol
[14:16] {nemo} what did you see to call that?
[14:17] {jfjf64} nada gut sometimes it works
[14:17] {nemo} sorry I asked
[14:17] {jfjf64} lked the V on the chart
[14:18] {nemo} I thought maybe the volume spike but there had been several before that
[14:20] {jfjf64} done
[14:20] {nemo} thought you'd get 1:2
[14:21] {jfjf64} i always run away too soon
[14:22] {jfjf64} thats my problem
[14:22] {nemo} do you see my footprints as you're leaving?
[14:22] {jfjf64} profit is profit
[14:23] {jfjf64} that is hard part of this gm
[14:24] {jfjf64} watchin chk
[14:24] {jfjf64} .35
[14:25] {jfjf64} .35 break
[14:26] {jfjf64} vad 5 cent stop ok with this
[14:28] {Threei} a bit too tight...
[14:28] {Threei} I don't see real support above .25
[14:29] {jfjf64} ty
[14:31] {ese} zzzzzzzzzzzzzzzzzzzzz ahem....ummm ya ya ahhh well done jf zzzzzzzzzzzzzzzzz
[14:33] {nemo} gotta' go. cya
[14:34] {Threei} why?
[14:34] {ese} zzzzzzzzzzzzzzz ahem....ummm ya ya ahhh ya cya nemo zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:34] {jfjf64} sxci .71 break
[14:35] {magoo} HIG crosses 18 vad
[14:35] {Threei} no mags
[14:35] {Threei} need more consolidation
[14:36] {Threei} it can turn a trap just as easy
[14:36] {magoo} k
[14:39] {jfjf64} chk invalid here
[14:43] {jfjf64} sxci invaid
[14:49] {jfjf64} .84 s hig
[14:55] {jfjf64} .95 l hig
[14:56] {jfjf64} break
[14:56] {jfjf64} in
[14:59] {jfjf64} cant get out of own way
[15:06] {jfjf64} comon sale hig
[15:10] {jfjf64} 1/1 hig
[15:10] {magoo} nice
[15:10] {dptl} have a good evening all
[15:10] {jfjf64} halfout
[15:10] {larisa} hope you used trendline :)
[15:11] {fernp} you too dp
[15:11] {jfjf64} stop .95
[15:11] {jfjf64} stop .05
[15:13] {jfjf64} out
[15:13] {larisa} nice
[15:13] {jfjf64} ty
[15:13] {jfjf64} trend line work
[15:14] {larisa} lol
[15:14] {larisa} they do actually, did not mean to upset nemo :)
[15:15] {jfjf64} all good
[15:26] {jfjf64} good night all
[15:27] {Threei} take care jf
[15:27] {fernp} good nite jf
[15:28] {jfjf64} yankkee/boston series here startin tonight busy with tickets
[15:39] {Threei} guess who is on TV
[15:42] {ese} well alrighty then......i'm still long my position in drys at .40.....gonna keep it....see you all tomorrow.....
[15:42] {Threei} take care ese
[15:42] {ese} see ya vad....
[15:42] {fernp} good evening all. see u tomorrow
[15:43] {Threei} fern :)
[15:44] {magoo} i have an apptmt...greatr day tY boss
[15:44] {magoo} bye all
[15:44] {Threei} taake care mags
[15:44] {Threei} I don't think we intend to take any more trades today
[15:44] {Threei} and everyone scrams
[15:44] {Threei} let's call it a day?
[15:44] {magoo} but u will now to rub it in right?
06[15:45] * magoo slaps laserdave around a bit with a large trout
06[15:45] * magoo slaps laserdave around a bit with a large trout
06[15:45] * magoo slaps laserdave around a bit with a large trout
[15:45] {larisa} bye all :)
[15:45] {Threei} nah... I embrace kinder and gentler self
[15:45] {Threei} larisa :)
[15:45] {Threei} thank you all, have a good evening
[15:45] {Threei} see you tomorrow