Monday, October 12, 2009

Oct 12 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading

The day started bleakly - slow, with two 10 cents stops on AKAM and WFC, and looked like one of those "why did I bother to wake up today." VVUS 23 cents win made it a bit better - and then ENER for 20 cents and most of all DRIV for full dollar run made the day nice and bright

Session Time: Mon Oct 12 00:00:00 2009

[06:08] {KSystems} morning
[07:59] {strider} .
[08:18] {Threei} 07:00 DRIV Informed by Symantec that it will not extend E-Commerce contract beyond June 30, 2010 expiration
[08:18] {Threei}
[08:19] {Threei} BLTXX Baltic Dry Bulk Index rises marginally (9th straight gain)
[08:29] {strider} .
[08:29] {Threei} good point
[08:30] {strider} I have more.
[08:30] {strider} ......
[08:30] {Threei} no kidding
[08:30] {KSystems} dont waste all your points right here
[08:30] {KSystems} theyre too precious
[08:30] {KSystems} how to end your sentences without them?
[08:30] {KSystems} they'd look like those of Tolkien
[08:30] {Threei} and you may have a chance to exchange them for airmiles
[08:31] {KSystems} or cell phone minutes
[08:31] {KSystems} do they do that where you live?
[08:32] {KSystems} here in germany you can exchange almost anything for cell phone minutes
[08:32] {strider} not that I'm aware f.
[08:32] {strider} of
[08:32] {KSystems} including your cell phone bills
[08:32] {KSystems} but thats where it became too complicated for me
[08:44] {magoo} morning
[08:44] {nemo} too
[08:44] {Threei} mags, nemo
[08:45] {nemo} I'm in Maryland at the moment...just thought I'd drop in and say hello...I know your day wouldn't be the same without me....
[08:45] {nemo} Gag...
[08:45] {Threei} lol
[08:45] {Threei} true
[08:45] {Threei} we will miss you
[08:45] {nemo} would be peaceful and free of aggravation
[08:45] {Threei} but when you are back home, we will aim better
[08:45] {_bkhmd} Hello all
[08:45] {_bkhmd} Nemo where in MD?
[08:45] {nemo} nice one
[08:45] {Threei} morning bkhmd
[08:45] {nemo} Bowie
[08:45] {_bkhmd} cool i pass there on the train twice a week
[08:46] {nemo} the metro?
[08:46] {_bkhmd} MARC
[08:46] {Threei} mags, look DRIV
[08:46] {magoo} OH MY GOD
[08:47] {Threei} [08:18] {Alert} Threei 07:00 DRIV Informed by Symantec that it will not extend E-Commerce contract beyond June 30, 2010 expiration
[08:47] {magoo} obviously news
[08:47] {magoo} still avail short
[08:49] {Threei} here come vultures:
[08:49] {Threei} DRIV Lazard Cuts DRIV to Hold from Buy (timing uncertain)
[08:51] {Threei} just in case anyone needs any proof of how clueless analysts with their upgrades and downgrades are:
[08:52] {Threei} 21 Sep 2009 08:02 DRIV Stifel Nicolaus Initiates DRIV with Buy, price target: $54
[08:52] {Threei} 16 Sep 2009 07:24 DRIV Credit Suisse Raised DRIV to Outperform from Neutral, price target: $44
[08:52] {Threei} 29 Jul 2009 21:56 DRIV Price Target raised to $44 from $41 at BofA/Merrill Lynch, maintains Buy rating
[08:54] {_bkhmd} Time and Sales Showing some buying is that shorts?
[08:55] {Threei} where?
[08:55] {Threei} on DRIV?
[08:56] {_bkhmd} yes
[08:57] {Threei} I still see sea of red
[08:57] {_bkhmd} yes but i see some green as well why would anyone be buying
[08:57] {Threei} why not?
[08:57] {Threei} bottom fishers
[08:58] {Threei} stock is cut almost in half
[08:58] {Threei} there must be bounce in it somewhere
[08:58] {magoo} yea..trying to catch bounce
[08:58] {magoo} pretty substantial crash here
[08:58] {_bkhmd} love at at 40 love it more at 20? lol
[08:59] {Threei} that would be investor trying to average down
[08:59] {Threei} traders view these things differently
[08:59] {Threei} ok mags... aaaalmost there
[08:59] {Threei} get ready
[08:59] {_bkhmd} Like ESOL
[09:00] {Threei} and start trying with small shares
[09:00] {Threei} this is last leg down before bounce I believe
[09:00] {Threei} watch for first wave of green
[09:00] {magoo} i was gonna sh at 27
[09:00] {magoo} sigh
[09:00] {larisa} gm :)
[09:00] {Threei} and keep your stop as if your very life depended on it
[09:00] {Threei} larisa :)
[09:00] {larisa} :)
[09:02] {lasertrev} gm everyone
[09:02] {Threei} trev :)
[09:03] {Threei} either double bottom or breakdown around 25
[09:03] {cosmo} DRIV pre mkt low = 25 far
[09:03] {Threei} but if bottoms here and breaks .50, real bounce starts
[09:03] {cosmo} hmmm
[09:06] {ese} good morning
[09:06] {Threei} ese :)
[09:07] {ese} i voted for ya vad
[09:07] {Threei} ty
[09:07] {Threei} much appreciated
[09:07] {Threei} not holding 25
[09:09] {_bkhmd} Vad what is difference between floor 12 and discussions room
[09:09] {Threei} you can talk here
[09:10] {Threei} you can't there
[09:10] {Threei} and only my comments are being echoed in there
[09:10] {Threei} so you can scroll through them qwithout the rest of chat
[09:10] {_bkhmd} ahhhhh
[09:10] {_bkhmd} ty
[09:11] {cosmo} ONXX pre mkt high = 29.61 fwiw
[09:12] {cosmo} needs to hold 29 imo
[09:13] {Threei} ese, look dcc pls
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:16] {strider} Morning everyone.
[09:17] {Threei} strider :)
[09:19] {ese} was getting a coffee vad and just looked at dcc
[09:21] {strider} vrsk
[09:21] {strider} little range
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:26] {ese} dddddddpppppppp
[09:27] {dptl} :)
[09:27] {Threei} most likely thin trading today guys
[09:27] {Threei} relax, don't push hard
[09:27] {ese} am surprised the ceo of vrsk has come out with a statement tanking the stock a little more
[09:27] {Threei} let's sit on the shore and see what swims by
[09:27] {ese} indeed
[09:31] {Threei} Long Setup: AKAM .42
[09:31] {Threei} if stays above .30
[09:35] {Threei} Long Setup: WFC .30 break if holding above .20
[09:37] {dino} driv filled couple gaps
[09:39] {dino} kbh sec investigation
[09:39] {dino} acct issues
[09:42] {Threei} WFC no worky
[09:43] {_bkhmd} out -.10
[09:43] {Threei} GERN sudden spike
[09:43] {Threei} rumors or what
[09:45] {Threei} no activity whatsoever anywhere
[09:45] {Threei} well, aside of DRIV
[09:47] {Threei} LOL{ but of course:
[09:47] {Threei} GERN Hearing renewed takeover chatter circulating
[09:47] {Threei} - Sanofi rumored as potential acquirer (6.68, +0.22, 3.41%) (related SNY )
[09:51] {Threei} KS, you'll like this news:
[09:51] {Threei} GE) Reportedly German coalition talks seek substantial tax cuts in planned steps
[09:51] {Threei} what's with IVAN
[09:55] {magoo} BIDU?
[09:56] {Threei} Yesterday 23:09 1688.HK may create an independent search engine project - Chinese Press (related GOOG BIDU )
[09:56] {Threei} 09:12 BIDU UPDATE: DB Cuts BIDU to Hold from Buy
[09:56] {Threei} - cites valuation
[09:56] {magoo} ty
[09:57] {nemo} wfc looking like it might go "rude" on us
[09:57] {Threei} want to try again?
[09:58] {nemo} it's looking right
[09:58] {nemo} see if it develops a .25-.30 range?
[09:58] {Threei} a bit too tight for it...
[09:59] {Threei} ideally, it would dive closer to .20 one last time,
[09:59] {Threei} so we would get it with stop under .15
[09:59] {Threei} then makrt spike, and WFC .30 break
[09:59] {Threei} if it jst goes from here, it's again same setup...
[09:59] {dino} v thin sm l clw .66
[09:59] {Threei} and market is still as slow and uncertain as it was
[10:00] {Threei} here is some pullback in the market, let's see if it helps us
[10:00] {nemo} sobwfc
[10:01] {dino} dji new high
[10:01] {Threei} pulling back
[10:01] {Threei} WFC that is
[10:07] {dino} stopped clw
[10:08] {Threei} if this is not an embodiment of yawn
[10:08] {dino} shg drop
[10:08] {Threei} DNDN Hearing strength partly attributed to reports late last week that DNDN has added the CEO of Genetech and a former Eli Lilly executive to its board of directors (29.63, +2.15, 7.82%)
[10:08] {dino} golf drop
[10:09] {Threei} (EU) EU will defend duties on Fasteners against China's WTO Complaint
[10:09] {Threei} **Note, earlier today China was going to seek a WTO ruling in the EU dispute regarding anti-dumping duties on screws and bolts. China faces trade disputes with the EU and the U.S. - Bloomberg
[10:09] {Threei} sheesh... I want to ask our Europian friends, just how big percentage of economy is those nuts and botls
[10:10] {Threei} KS... fern
[10:10] {Threei} oh, fern is sleeping today
[10:10] {Threei} KS, you'll have to answer for the whole Europe
06[10:10] * Threei slaps patience around a bit with a large heavy bag of fasteners
[10:10] {Threei} oops
[10:10] {nemo} wow
[10:10] {Threei} wrong target
[10:11] {patience} ty
06[10:11] * Threei slaps KSystems around a bit with a large heavy bag of fasteners - twice
[10:11] {patience} btw, my goldcorp is doing nicely, gold seems to be running up
[10:11] {Threei} second slap undoes mistaken yours, patience
[10:11] {patience} hmmm
[10:12] {dino} ?
[10:12] {Threei} I was watching GLD around .30
[10:13] {Threei} then sudden spike ruined setup
[10:13] {strider} took trailing akam stop at .34
[10:13] {Threei} if drops back into .50, will e interesting
[10:16] {_bkhmd} BRCM?
[10:16] {Threei} .15 is break point
[10:17] {Threei} not much confidence in breaks the way market trades today
[10:18] {Threei} VVUS
[10:18] {Threei} rumor I guess
[10:18] {nemo} no worky akam
[10:18] {_bkhmd} AKAM stopped
[10:19] {ese} vvus sky rocket
[10:19] {dino} no news
[10:20] {ese} presenting somewhere
[10:22] {strider} jbht dbi?
[10:22] {_bkhmd} ADBE bounce?
[10:23] {Threei} ADBE listless
[10:23] {Threei} JBHT, could be if market drops
[10:24] {Threei} keep stop above .70 if go for it
[10:24] {Threei} above .80 if want a bigger trade than scalp
[10:24] {dino} ari
[10:25] {strider} cluckk cluck
[10:25] {strider} chickened out
[10:25] {strider} biib same deal
[10:26] {Threei} Long Setup: VVUS .22 break
[10:26] {Threei} stop under .10
[10:27] {ese} l vvus .23
[10:27] {Threei} looks determined... just hate these shakeouts everywhere today
[10:27] {Threei} not a scalop for me
[10:27] {Threei} scalp
[10:27] {_bkhmd} missed it cant chase
[10:27] {Threei} scallop too
[10:30] {Threei} (US) NABE Poll: Real GDP Expected To Rise At 2.9% Rate In 2H ''09
[10:31] {ese} out .27 +.04 take what you can get
[10:31] {ese} vvus
[10:33] {dino} wynn pretty good drop
[10:36] {Threei} good boy VVUS
[10:36] {Threei} 1:1
[10:38] {Threei} half out .42
[10:38] {Threei} stop to under .20
[10:38] {ese} well....i misjudged vvus for sure
[10:39] {_bkhmd} charts not updating waaa
[10:39] {Threei} {VVUS} I am deeply hurt... I am so, how do you say it, misunderestimated
[10:39] {nemo} oy
[10:40] {ese} no reflection on you vad........
[10:40] {nemo} vad doesn't reflect
[10:40] {Threei} that was VVUS crying and complaining, not me
[10:40] {ese} i don't trust the market and my trading these days
[10:41] {dino} you mean vlad the impaler
[10:41] {nemo} bingo
[10:42] {nemo} stj dino
[10:43] {Threei} look at RIMM
[10:43] {Threei} when have you see it this tame?
[10:43] {Threei} 40 cents range
[10:43] {ese} l stx .19
[10:43] {_bkhmd} that may change
[10:44] {Threei} yeah... while it's so, two things unrelated to trading
[10:45] {nemo} akam interesting
[10:45] {Threei} first, check out for a fresh photos, this time it's whales
[10:45] {ese} out stx .26 +.07
[10:45] {nemo} think it's traing by appointment though
[10:46] {_bkhmd} Vad did you take those pics?
[10:46] {Threei} yes sir
[10:46] {dino} driv sm l .00
[10:47] {_bkhmd} VVUS getting tight
[10:47] {nemo} needs a little lubrication
[10:47] {Threei} nemo... I'd leave AKAM alone
[10:47] {Threei} no mojo
[10:48] {nemo} I watched it not trade
[10:48] {dino} wynn lod
[10:50] {dino} driv stopped -.33
[10:51] {_bkhmd} Wow via next day trade log I have watched you guys/gals having fun for two weeks while i was in korea I get back home and log in to a boring market waaa
[10:51] {_bkhmd} lol
[10:51] {Threei} today is half holiday
[10:52] {dino} as it should be, lol
[10:52] {_bkhmd} can Colubus get half Nobel Peace Prize?
[10:53] {_bkhmd} excuse the type
[10:53] {Threei} sure - if Obama gets second half
[10:53] {_bkhmd} typo
[10:53] {dino} i was thinking that the hungry should be fed, can i win it?
[10:53] {_bkhmd} as long as your nominated in time
[10:53] {_bkhmd} how did we miss the VVUS short
[10:54] {Threei} wouldn't go short on it
[10:54] {_bkhmd} turning now
[10:55] {nemo} maybe akam a short?
[10:55] {strider} klac
[10:55] {Threei} if it doesn't move, is there any difference for you to be in it long vs short?
[10:56] {nemo} I'm thinking about gravity
[10:56] {ese} l ener .20
[10:56] {_bkhmd} looks like support at .15 yea?
[10:58] {ese} out ener .30 +.10
[10:59] {strider} ntes breaking daily support
[10:59] {Threei} careful nemo... if you think of gravity long enugh, gravity starts thinking of you
[10:59] {nemo} deep
[11:00] {nemo} glad I have my boots on
[11:00] {strider} or dbl bottom -klac
[11:00] {Threei} also, cosmo and I do not believe in gravity
[11:02] {ese} ok vad....i need to start trading your method a little more.....take half or a 1/3 let the rest ride
[11:02] {ese} ener would have been perfect for that
[11:02] {Threei} I'd say today is not the best day for it,
[11:02] {Threei} but on trending days, sure
[11:02] {ese} hmmmm good point
[11:03] {Threei} YRCW Agrees with lenders to Extend Provisions under the Credit Facilities to Oct 30 (4.49, +0.41, 10.05%)
[11:04] {Threei} - finalized amendments of its credit facilities that extend to October 30, 2009 certain provisions under the previous amendments. Specifically, the amendments extend the expiration of the revolver reserve amount, the suspension of the minimum liquidity covenant, and the due date for the asset-backed securitization commitment fee of $10 million.
[11:08] {Threei} HSBC CEO: Expects recovery in USD over time; major role to play as world reserve currency
[11:11] {strider} yrcw
[11:18] {dino} sm l shg .26
[11:18] {dino} stop .99
[11:20] {_bkhmd} the spread .14?
[11:20] {dino} yes
[11:20] {Threei} in dino's world that's actually thick stock
[11:20] {dino} thats why small=sm
[11:20] {_bkhmd} lol Im new i should pass
[11:21] {_bkhmd} page 32 of Vads book
[11:21] {_bkhmd} paragraph 3
[11:21] {Threei} line?
[11:21] {_bkhmd} let me check
[11:21] {_bkhmd} 4
[11:24] {Threei} market frozen solid
[11:24] {Threei} even DRIV is not moving anymore
[11:25] {_bkhmd} vvus waking up?
[11:25] {nemo} DRIV stuck in neutral..yuk..yuk..yuk
[11:25] {Threei} trying... VVUS is largely mom-driven at this point
[11:25] {Threei} and momo is either there or not, no technicals help
[11:33] {_bkhmd} dino u there?
[11:38] {ese} l ener
[11:38] {ese} .74
[11:39] {ese} out ener .85 +.11
[11:40] {dino} y
[11:41] {dino} adg]adg
[11:41] {dino} adg
[11:43] {_bkhmd} Amazing
[11:43] {ese} in and out ener .91 .00 +.09 5k hits each time
[11:43] {strider} mnkd
[11:44] {strider} mannkind going to hell
[11:44] {strider} no basket
[11:48] {Threei} hmmm
[11:49] {ese} interesting ....reasonably good friday and reasonably good today but feel confidence level is low........
[11:50] {Threei} it's absence of the movement ese
[11:50] {ese} how do you mean
[11:51] {dino} and volume
[11:52] {Threei} I mean, market sitting in place, with no move, no volume, kind of creates this feeling of lack of leadership
[11:53] {Threei} (US) US Energy Sec. Chu: "Hopeful" that Climate Bill will be signed before December Copenhagen Summit (related USD/JPY EUR/USD )
[11:53] {_bkhmd} ese did you grab that leg of ENER?
[11:53] {Threei} yup, let's kill more jobs and spend more money
[11:53] {nemo} Market seems to be waiting...earnings really kick off this week
[11:54] {ese} no as i was typing it took off....couldn't find entry
[11:55] {nemo} lvs @200 ema, doesn't hold this could be a nice little drop, it's also trend line from Friday close
[11:55] {ese} don't wanna push my luck
[11:57] {ese} thinking about ener as a swing trade now......taking a look at the daily it has potential
[11:58] {larisa} ENER short interest 34%, but should clear 14.40 on the upside for me to get optimistic just a little
[11:58] {ese} it should retrace a little tomorow for sure laris
[11:58] {nemo} fcx vad?
[11:58] {larisa} for sure does not work with ENER :)
[11:59] {ese} dam*&^ typing missed another entry
[11:59] {Threei} don't know FCX... not really a readable one today
[12:00] {_bkhmd} ese last leg was weak look at the time
[12:00] {strider} I was lucky enough to ride FCX from 19.95 to 64.30 -early this year
[12:01] {_bkhmd} strider buying drinks
[12:01] {nemo} we penalize strider for indecent profits even though he wasn't here?
[12:01] {ese} ya....agreed bk
[12:01] {strider} Meet me in my IRA trading room:)
[12:02] {nemo} I never get closer than 500 yards
[12:02] {ese} one would think this should retrace a little during lunch
[12:02] {Threei} no nemo
[12:02] {nemo} o.k.
[12:02] {Threei} we will try to put his guard to sleep
[12:03] {Threei} and catch him off guard
[12:05] {strider} checks chamber of AR-15
[12:06] {_bkhmd} ese 20 perios ema not holding
[12:08] {strider} BAC m ight move
[12:10] {strider} missed it. not trusting myself today.
[12:10] {Threei} Market Internals update at 12:00pmET
[12:10] {Threei} - NYSE volume 350M shares, about 28% below its three-month average; advancers lead decliners by 2.1:1.
[12:10] {Threei} - NASDAQ volume 750M shares, about 25% below its three-month average; advancers lead decliners by 1.3:1.
[12:10] {Threei} - VIX index -0.90% to just under 23.00
[12:11] {strider} Vad, look at COST
[12:11] {ese} nope definately not bk
[12:11] {nemo} frangibles or fmj strider?
[12:11] {strider} M855
[12:11] {Threei} asking to be shorted on 58 breakdown
[12:12] {ese} dino baby!!!!! nice shg ....nice pop up
[12:12] {nemo} ahh..I've got some ss109s very stable
[12:13] {strider} COST afraid of Vad's call
[12:13] {Threei} just bounced with market
[12:13] {dino} ;)
[12:13] {nemo} make sure it can take those...American mades are sometimes limited, can't handle the long throat of the m855...too much pressure
[12:13] {Threei} Hillary said shoe won't run for Prez again
[12:14] {nemo} she wants to be crowned emperor?
[12:14] {strider} COST turning into dbl bottom long?
[12:15] {dino} for saying that, she should get nobel prize
[12:15] {Threei} hehe
[12:15] {Threei} only if market rallies from here, strider
[12:15] {nemo} she should have gotten that for not killing her husband
[12:15] {Threei} which is fairly questionable
[12:15] {dino} he was a character
[12:15] {Threei} wow
[12:16] {nemo} what wow?
[12:16] {Threei} first time in 5 years I actually laugh at nemo's joke
[12:16] {strider} Oh, that was a joke?
[12:16] {nemo} laughed at my joke about dp and his arthritic trigger finger last month
[12:16] {Threei} which admittedly says more aboout my sense of humor than nemo's...
[12:16] {nemo} fyvm strider
[12:16] {strider} np
[12:16] {nemo} yw
[12:17] {nemo} Vad?
[12:17] {Threei} 58% Say Politics Behind Nobel Awards, Up From 40% Last Year
[12:18] {nemo} Vad?
[12:18] {dino} ya think?
[12:18] {Threei} I guess giving next prize to Ahmadinejad will help raise the number to 61%
[12:18] {nemo} Vad?
[12:18] {Threei} finger stuck in keyboard, nemo?
[12:18] {nemo} no
[12:19] {nemo} You haven't known me 5 years
[12:19] {Threei} no
[12:19] {nemo} feels like it, huh?
[12:19] {Threei} so how does it change the fact that I haven't laughed at your jokes in that long?
[12:19] {Threei} I could say 10 years and it still would be true, no?
[12:19] {nemo} I pointed out the fallacy in your statement
[12:19] {Threei} there is none
[12:20] {nemo} [12:16] {nemo} laughed at my joke about dp and his arthritic trigger finger last month
[12:20] {Threei} I don't need to know you to not laugh at your jokes
[12:20] {Threei} in fact...
[12:20] {Threei} ok, never mind :)
[12:20] {nemo} no...please...expound
[12:21] {nemo} frickin' wfc
[12:21] {Threei} COST formed more or less decent resistance at .10
[12:22] {_bkhmd} no volume waiting for the next leg down
[12:23] {_bkhmd} Stride are u long on Cost?
[12:24] {strider} no.
[12:32] {dino} shg to flat
[12:33] {Threei} Short Setup: COST 58 break if stays under 58.10
[12:41] {_bkhmd} dino Im scared dont know how to trade that type of spread Look at fwrd sometimes had a large spread
[12:41] {Threei} bkhmd... this trading style is not for beginners
[12:41] {dino} i only trade them if the have a big move
[12:41] {dino} do not follow me, vad is the teacher
[12:41] {Threei} dino has many years of experience under his belt
[12:42] {_bkhmd} cool
[12:42] {_bkhmd} i wont try it
[12:42] {Threei} (some beer too)
[12:42] {Threei} just watch his picks for now
[12:42] {Threei} it may very well turn out this is your trading tyle
[12:42] {Threei} style
[12:42] {_bkhmd} i have for 3 weeks shaking my head
[12:42] {_bkhmd} lol
[12:43] {Threei} keep open mind
[12:43] {Threei} there are many ways to trade
[12:43] {Threei} just don't dive into any of them withour due evaluation
[12:44] {_bkhmd} gotcha
[12:44] {_bkhmd} thanks vad
[12:44] {_bkhmd} rim
[12:44] {_bkhmd} rimm
[12:47] {dino} uci\
[12:48] {dino} nope
[12:49] {Threei} to say that this is a yawny day is to say nothing
[12:50] {dino} understatement
[12:50] {_bkhmd} I wont be trading tomorrow It will be an exciting day im sure
[12:51] {Threei} COST invalidated
[12:56] {ese} starting to nibble ener l .30
[12:57] {ese} 1k
[12:58] {_bkhmd} feels like the calm b4 the storm
[12:58] {nemo} Hitting the road..c u 2 morow
[12:59] {Threei} WFC decided to go for new 52 week highs
[12:59] {Threei} take care nemo
[13:01] {dino} esgr?
[13:01] {dino} thinny
[13:01] {Threei} no news
[13:02] {dino} 70 strike maybe
[13:02] {dino} darn close
[13:02] {ese} cya nemo
[13:02] {dino} ntes
[13:08] {ese} l ener another 2k
[13:08] {ese} .31
[13:08] {fernp} Good afternoon everybody.
[13:08] {fernp} I've Spent the morning with family. "Dia de la hispanidad" here.
[13:08] {Threei} fern :)
[13:09] {Threei} didn't miss much
[13:09] {Threei} except my new photos
[13:09] {fernp} url?
[13:10] {ese} fern
[13:10] {Threei}
[13:10] {fernp} tks
[13:11] {ese} hasta l' vista.......or is that hasta la pasta......or is that......ahhhhhh whatever
[13:12] {fernp} hasta la vista... see you soon
[13:13] {Threei} we know... Arnold taught us that
[13:13] {ese} ahhhhhhhh so i am wrong........on all accounts
[13:13] {Threei} ese just doesn't watch Terminators
[13:13] {fernp} lol
[13:13] {ese} oh's my first mistake this year
[13:14] {ese} l 2k ener .25
[13:17] {Threei} Long Setup: DRIV 26 break
[13:17] {Threei} if stays above 25.85
[13:18] {magoo} in
[13:18] {_bkhmd} .85 is the stop loss?
[13:19] {Threei} it didn't break yet mags
[13:19] {Threei} yes bkhmd
[13:19] {_bkhmd} ty
[13:19] {_bkhmd} in
[13:20] {fernp} in
[13:20] {Threei} ok DRIV
[13:20] {Threei} let's go for real will ya?
[13:20] {Threei} like 27
[13:21] {Threei} 1:1
[13:21] {_bkhmd} out thanks
[13:21] {dino} say it again
[13:21] {Threei} 1:1
[13:21] {magoo} like 29
[13:21] {fernp} ty
[13:23] {fernp} my first trade has been quick and easy. TY Vad
[13:23] {Threei} with this scalp, if you went for a scalp, we are about even for the day, lol
[13:23] {Threei} you did well skipping first haf
[13:25] {fernp} no plays or too many stops this morning?
[13:26] {Threei} 3 plays,
[13:26] {Threei} 2 stops, 1 win
[13:26] {Threei} this one is second win
[13:27] {fernp} Not too bad. You coplain a lot :)
[13:27] {Threei} lol
[13:27] {Threei} I am known for whining
[13:27] {Threei} okay baby DRIV
[13:27] {Threei} let's grow
[13:28] {Threei} day traders dump half here
[13:28] {dino} out fdriv +.20 ty vad
[13:28] {Threei} :)
[13:28] {Threei} FDRIV?? lol
[13:29] {dino} driv
[13:29] {Threei} I like fdriv
[13:29] {dino} f'ing driv
[13:29] {dino} esgr hmm
[13:29] {Threei} to use it in a sentence, "fdriv fgot fubared this fmorning"
[13:30] {magoo} 29
[13:30] {dino} lol
[13:30] {magoo} thats all i gonna say
[13:30] {Threei} I have no fidea mags
[13:31] {Threei} 27 seems likely to me
[13:31] {Threei} after that I'd have to reevaluate
[13:31] {dino} wynn
[13:31] {Threei} but market weakens again
[13:32] {dino} sm l wynn .00 risky
[13:32] {dino} 65 strike
[13:33] {Threei} offer 1/4 more .45
[13:33] {dino} stopped damn
[13:35] {dino} wow -8 pts 2 days
[13:36] {strider} Qs near lod
[13:36] {ese} "ener"ready battery
[13:37] {dino} rinsed wynn
[13:39] {ese} how'd you make out with shg
[13:39] {fernp} What happens with LVS? it is falling fast
[13:41] {Threei} Wynn Resorts LTD WSJ: Macau discussing gambling restrictions with casino operators
[13:41] {Threei} - These limitations also include raising casino age entry
[13:41] {Threei} - Will consider review of number of gaming tables
[13:41] {Threei} 15 min ago
[13:41] {fernp} ah!, ty
[13:41] {magoo} just dont stop the free flow of booze
[13:42] {dino} thx
[13:42] {ese} dino...shg how'd you make out
[13:43] {Threei} last portion of DRIV, may I just leave it at your discretion?
[13:43] {Threei} the day finally went into green
[13:43] {dino} +.30
[13:43] {ese} nice.......tough to get out off
[13:44] {dino} indeed
[13:44] {Threei} you can leave it to ride toward 27, or you can take profit wherever
[13:44] {dino} wynn makes me mad
[13:44] {ese} hmmmm
[13:47] {magoo} thu .50
[13:51] {_bkhmd} VAD u still in DRIV?
[13:51] {Threei} 1/4
[13:52] {Threei} with b/e stop
[13:52] {_bkhmd} ty
[13:52] {Threei} partials as I said: 1/2 .25, 1/4 .45
[13:52] {Threei} funny,
[13:53] {Threei} in the morning this stock looked like the biggest screwup of the day
[13:53] {Threei} and now it;'s tyhe one that made us profitable for he day
[13:53] {_bkhmd} agreed
[13:54] {Threei} and the smartest one today is fern
[13:54] {Threei} he merrily skipped stops and came here for a kill
[13:54] {fernp} luck :)
[13:54] {Threei} me, trading on Thanksgiving day is the stupdiest one
[13:55] {_bkhmd} today is your thanksgiving day?
[13:55] {Threei} Canadaian one, yes
[13:55] {_bkhmd} wow your dedicated
[13:55] {_bkhmd} thanks for your service
[13:55] {_bkhmd} happy thanksgiving day
[13:55] {Threei} lol
[13:55] {Threei} thank you
[13:55] {_bkhmd} thats what i was foing in Korea celebrating thanksgiving there thanksgiving day is based on the moon
[13:55] {_bkhmd} lol
[13:55] {Threei} had mo dose of fun on a daytrip to Port Angeles
[13:56] {Threei} they had Crabfest this weekend
[13:56] {Threei} Alaskan scallops wrapped in bacon were beyond delicious
[13:56] {_bkhmd} when u have time can you explain why 26 on the driv play was it because of round number 26? i didnt see the set up
[13:58] {_bkhmd} I took it abd broke my rules but didnt see it
[13:58] {Threei} snatdard JBE setup on 1 min
[13:58] {Raven} you would eat a dog turd if it was wrapped in bacon :)
[13:58] {Threei} hmmm
[13:59] {fernp} lol
[13:59] {Threei} I didnb't think of it this way... but scallop sounds muich better to me, even in theory :)
[13:59] {Threei} and hey... I liked those whales too, and they were not wrapped in bacon... so there!
[13:59] {Raven} nemo could run with that
[14:00] {Raven} whales or whale sushi ?
[14:01] {Threei} do things on those photos emind sushi in aany way??
[14:01] {Threei} remind
[14:01] {Raven} lol ... whales it must be ... didn't see the pics :)
[14:01] {Threei} I heard people referring to whales as grand tilapia
[14:01] {Threei} but sushi?? :)
[14:01] {Raven} sigh
[14:02] {Threei}
[14:02] {Raven} checking
[14:03] {Threei} you are not paying any attention to me R... I suspect you haven't voted for my photos in contest either
[14:03] {Raven} sigh ... what can I say ?
[14:03] {strider}
[14:03] {Raven} nice whales tho :)
[14:03] {Threei} if I don't get first prize because of you, I'll be very upset
[14:04] {Raven} I will take action immediately
[14:04] {Threei} thank you
[14:04] {Threei} it's a nice prize... I want it
[14:04] {Threei} and I am competitive
[14:05] {Raven} greed will get you nowhere
[14:05] {Threei} and my photos are the best in whole bunch
[14:05] {_bkhmd} i thought u were joking about vote?
[14:05] {Threei} but other photograophers may have more friends than I do, to vote for theirs :)
[14:05] {Raven} he never jokes and when he does they are terrible
[14:05] {_bkhmd} lol
[14:05] {Threei} very true
[14:05] {_bkhmd} thanks for the warning
[14:06] {Threei} to be fair, I make about 15 jokes a year, and one of them is so so
[14:06] {Threei} the rest is horrible
[14:06] {strider} Good thing I started late in the year, then.
[14:06] {_bkhmd} does that make you serious about the vote? i didnt see any place to vote
[14:06] {Threei} not eally, I tend to gather them and e-mail to new arrivals
[14:06] {Threei} it's right there
[14:07] {Threei} it says:
[14:07] {strider} aaaahhhhhhhh!
[14:07] {Threei} Click here to vote for a Scenic Category Photo
[14:07] {dino} cys
[14:07] {Threei} in my eyes, it constitutes place to vote
[14:08] {Threei} what got into ENER today?
[14:09] {dino} oil i suppose
[14:09] {Threei} Governator news is the thing I see
[14:09] {Threei} and it doesn't look huge
[14:09] {Threei} (US) California Gov Schwarzenegger has reportedly signed a law that will create a feed-in-tariff for small solar power generators
[14:09] {Threei} - The measure seeks to require California utilities to buy power from solar-panel generators of 1.5-3.0 megawatts in size, at set rates above what utilities would pay for wholesale power from conventional sources.
[14:10] {dino} just what californians need, higher electric bills in top of other issues
[14:10] {Threei} yeah
[14:10] {ese} haven't heard hide nor hair of magoo today.......
[14:11] {Threei} sad thing is, we in BC have a govt that loves to mimic Arnold
[14:11] {dino} he's messing w/driv
[14:11] {ese} no wait a minute.....he was in something earlier
[14:12] {Threei} in coma
[14:13] {fernp} photos in "Past curfrew" post are amazing. really good. seem like handmade painted pictures
[14:13] {Threei} ok...
[14:13] {fernp} You love photoshop
[14:13] {Threei} well... I use it as necessary...
[14:13] {Threei} but those are not heavily photoshopped
[14:13] {fernp} They are good
[14:13] {Threei} ty
[14:14] {fernp} Your best pics IMO
[14:14] {_bkhmd} agreed
[14:18] {dino} ndx red
[14:19] {Threei} US) Homeland Security Sec. Napolitano: Terrorists with Al-Qaeda leanings are in US - TV interview
[14:19] {Threei} - US Agency information sharing is much better
[14:22] {Raven} sucha deal
[14:23] {ese} ok so thats the reason for market tanking.....homeland security announcement
[14:23] {Threei} don't know ese, doesn't seem likely
[14:23] {Threei} that was interview
[14:23] {Threei} not a special announcement
[14:24] {Threei} doesn't have this whiff of urgency, new information
[14:24] {Threei} just very thin trading
[14:24] {Threei} as I warned in the morning
[14:24] {Threei} look:
[14:24] {Threei} Market Internals update at 2:00pmET
[14:24] {Threei} - NYSE volume 510M shares, about 25% below its three-month average; advancers lead decliners by 2.2:1.
[14:24] {Threei} - NASDAQ volume 1.1B shares, about 25% below its three-month average; advancers lead decliners by 1.2:1.
[14:24] {Threei} - VIX index -0.25% to just over 23.00
[14:24] {_bkhmd} tank due to WILMINGTON, Del. – The Chicago Cubs are seeking Chapter 11 protection, a step that will allow its corporate parent to hand the team to new owners
[14:26] {_bkhmd} Ese you get any of that leg on ENER
[14:26] {dino} don't think so
[14:35] {dino} esgr hard to cover
[14:37] {magoo} DRIV went up with that mkt fall
[14:38] {strider} 4 wheel driv
[14:39] {ese} hey bk.....i'm still in long 5k at .30
[14:39] {Threei} DRIV is typical capitulation stock
[14:39] {_bkhmd} ty the cubs comment was a joke
[14:39] {Threei} they tend to trade with no redard to market
[14:40] {Threei} UK) UK Govt is considering privitization of human resources and real estate management - WSJ
[14:41] {ese} actually bk it's .2936 to be exact
[14:41] {_bkhmd} its trying hard
[14:41] {_bkhmd} Im out just watching
[14:41] {ese} ya definetly
[14:42] {_bkhmd} was trading in simulator now in my live account need to be more cautious
[14:42] {ese} my experience with these is that it's going to make a run at the highs again ....and in this case maybe to 13
[14:43] {_bkhmd} break at the high you mean? or run to the high?
[14:44] {ese} run to the high and then maybe break to 13
[14:45] {strider} ener?
[14:45] {ese} in any case i'm moving my stop to .44
[14:46] {ese} yes
[14:46] {Threei} Long Setup: ENER .60 break
[14:46] {Threei} if stays above .45 - .50
[14:47] {dino} partial esgr cov .70, +.37
[14:48] {_bkhmd} filled at .60
[14:49] {Threei} why?
[14:49] {Threei} there is a huge offer at .60
[14:49] {Threei} eating through it is a setup[
[14:49] {_bkhmd} i misunderstood
[14:49] {_bkhmd} miss
[14:50] {Threei} [14:46] {Threei} Long Setup: ENER .60 break
[14:50] {strider} in at .60
[14:50] {Threei} operative word is break
[14:50] {_bkhmd} thanks i placed it at .60
[14:50] {_bkhmd} thanks for the lesson
[14:53] {ese} vad on ener are you seeing any large offers at .70 or higher
[14:54] {Threei} too far from there
[14:54] {Threei} will see when/if we get there
[14:55] {Threei} broke nicely but then lost mojo
[14:55] {ese} ya
[14:56] {ese} but this thing has been all about up today......i don't think it's gonna quit until quitin time
[14:56] {ese} if laris is correct...short position 34% of's got a couple of days to cover then
[14:56] {magoo} 27
[14:56] {Threei} DRIV,. 27 hit
[14:57] {Threei} out +$1.00
[14:57] {ese} nice wonder you were so quite
[14:57] {Threei} who wants to hold for more, you are on your own
[14:57] {_bkhmd} congrats
[14:57] {ese} quiet
[14:59] {ese} come on ener....get yer keester on up there
[15:00] {ese} ahhhhh haaaa qqqq's heading on up ener should follow
[15:00] {_bkhmd} alot of resistance at .60?
[15:00] {dino} cov remainder esgr .705 ave, +.365
[15:00] {ese} indeed
[15:01] {dino} tricked me, too soon
[15:01] {dino} that was harder to get out of than a speeding ticket
[15:01] {_bkhmd} next resistance looks like .75?
[15:02] {Threei} over 1:1
[15:02] {_bkhmd} yes third try it chewed through .60
[15:02] {ese} yup.....large offers vad?
[15:02] {Threei} US) Treasury's Kruger: The stimulus plan is working as intended
[15:02] {Threei} seriously? okay then
[15:02] {Threei} .70 some ese
[15:02] {Threei} nothing out of this world
[15:03] {ese} tks
[15:03] {Threei} the one at .60 that served as a trigger for us was much bigger
[15:04] {Threei} .75 offer is rough 1/4 of that one
[15:04] {_bkhmd} 1 to 1 is .74?
[15:04] {Threei} we are at 1:1 right now
[15:04] {_bkhmd} out 1.1 thanks
[15:04] {Threei} 1:2
[15:04] {Threei} hey, this day sufddenly becomes nice
[15:05] {_bkhmd} thanks Vad and thanks ese
[15:05] {Threei} the way it started, who would have thought
[15:05] {fernp} and nemo isn't here
[15:06] {Threei} yeah, we actually started making money after he left
[15:06] {fernp} psssst
[15:06] {Threei} you think we found the culprit?
[15:06] {ese} out ener avg .85 +.55
[15:07] {_bkhmd} great work ese
[15:07] {fernp} don't know
[15:07] {_bkhmd} thanks dude
[15:07] {ese} opps +.56
[15:07] {ese} tks
[15:07] {fernp} gj ese
[15:07] {Threei} wtg
[15:07] {ese} tks
[15:07] {ese} i'm sure this is going to run to 13 but .85is good enough
[15:08] {dino} gj
[15:09] {ese} have to go everyone ....see you tomorrow....gotta tee time in 45
[15:09] {_bkhmd} later bro thanks again
[15:09] {Threei} take care ese
[15:09] {ese} your welcome....but thank vad....he got me to this place
[15:10] {_bkhmd} thanks vad
[15:10] {_bkhmd} lol
[15:10] {Threei} hmmm... you all are welcome
[15:10] {Threei} I'll try to understand later for what
[15:11] {magoo} humble...???
[15:11] {Threei} or I will just accept it
[15:11] {_bkhmd} Vad I ordered the goods this am
[15:11] {_bkhmd} Please accept it
[15:11] {Threei} why not...
[15:11] {magoo} thats a nice looking chart on DRIV {after the open of course}
[15:12] {Threei} lol
[15:12] {Threei} lookm at it through the eye on inwestor holding it in his portfolio
[15:13] {_bkhmd} OMG
[15:13] {_bkhmd} been there done that with JCI was lucky to get it back
[15:13] {_bkhmd} was a cheap lesson
[15:16] {dino} pwrd sm l .50
[15:22] {dino} caw
[15:31] {_bkhmd} wow everything went flat
[15:35] {Threei} watch CNN
[15:35] {magoo} huh?
[15:36] {Threei} gun fight in the bar, surveillance tape
[15:36] {Threei} right out of the movie
[15:36] {Threei} Toledo Oh
[15:37] {_bkhmd} I will have to catch it on the eve news I went to school in that city
[15:38] {dino} pwrd to .98
[15:39] {dino} out .97 +.47
[15:41] {Threei} wtg
[15:42] {_bkhmd} dino congrats entry was at .50 What was the set up?
[15:43] {dino} simple .50 trig
[15:43] {_bkhmd} did you get in on the break of .50 or the pull back to support?
[15:44] {dino} break
[15:44] {dino} down hard on its' way up, break of .25 multiples i like
[15:44] {_bkhmd} ty i see it now
[15:45] {dino} np
[15:46] {dino} fwiw worth, i am mostly a contrarian trader, be careful on my calls, wider stops than most
[15:46] {_bkhmd} thanks I was watching for tha past couple weeks I noticed wide spreads
[15:47] {_bkhmd} after the trading log was posted i would go back and try to identify where everyone was entering and asking myself why
[15:47] {_bkhmd} learned alot form that
[15:47] {dino} smaller size wider spreads, usually thinner volume
[15:47] {dino} not typical for most
[15:48] {_bkhmd} yea I will stay clear of that but PWRD looks like my type of trade
[15:48] {dino} it's "like pulp"
[15:49] {Threei} which as we all know really can move
[15:49] {dino} "pulp moves baby" geo. costanzza/seinfeld
[15:49] {_bkhmd} moves in large globs? lol
[15:49] {fernp} good evening everybody. see u tomorrow at 2pm. lol, cya
[15:50] {Threei} lol fern
[15:50] {dino} cya fern
[15:50] {Threei} take care
[15:50] {_bkhmd} later temp good eve
[15:50] {_bkhmd} Vad still watching Married with children?
[15:50] {_bkhmd} I laughed at that when I read it in your book
[15:51] {Threei} I would but they ended it,lol
[15:51] {_bkhmd} Al was my hero
[15:51] {dino} fgxi dropping
[15:52] {dino} and christina applegate is hot
[15:52] {_bkhmd} agree
[15:53] {_bkhmd} good eve all gonna hit it thanks for the lesson vad
[15:53] {Threei} I dave lesson?
[15:53] {dino} cya bkh
[15:53] {Threei} gave
[15:53] {_bkhmd} almost
[15:53] {Threei} oh wait... we decided I'll take credit without asking
[15:53] {Threei} you are welcome
[15:53] {_bkhmd} lol
[15:53] {Threei} :)
[15:53] {_bkhmd} did u get my message on the 4 step lessons? ordered this am
[15:54] {_bkhmd} not in any hurry here
[15:54] {Threei} I don't get them
[15:54] {_bkhmd} ahhh
[15:54] {Threei} but if it;s there, it will be taken care of
[15:54] {Threei} you should get a sign-up e-mail
[15:54] {Threei} with your new room login and other instructions
[15:54] {_bkhmd} the 5 day trila should end today do I need another log in after this or is this one just extended
[15:55] {Threei} check your e-mail
[15:55] {_bkhmd} ahhh i did get a email didnt read it yet
[15:55] {Threei} you should have already gotten it
[15:55] {_bkhmd} thanks
[15:55] {_bkhmd} see you on tuesday
[15:55] {Threei} ok... why do you interogate me then before resing it, lol
[15:55] {_bkhmd} i mean wednesday
[15:55] {Threei} reading
[15:56] {_bkhmd} its my job
[15:56] {_bkhmd} lol
[15:56] {Threei} oh
[15:56] {Threei} fair enough
[15:56] {_bkhmd} have a good one
[15:56] {_bkhmd} tc
[15:56] {Threei} you too
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {larisa} bye :)
[15:58] {strider} See ya.
[15:58] {Threei} strange day somewhat, but worked out
[15:58] {lasertrev} good night all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:59] {Threei} Canadians, go easy on turkey
[15:59] {lasertrev} too late
[15:59] {Threei} lol
[16:00] {dino} later all