Friday, October 23, 2009

Oct 23 2009

One of the toughest weeks in quite a while. Topping action but no reversal yet. Slightly negative day if you played "official" calls only, hugely positive if hit AMZN momo long - but how many have heart for that? Congratulations to our most risk-tolerant member who lives for such plays.

Session Time: Fri Oct 23 00:00:00 2009

[07:51] {magoo} jkbasjhsahkhgkK
[07:52] {nemo} Magus
[07:54] {magoo} cap'n
[08:08] {nemo} in anything mags?
[08:09] {magoo} im stalking amzn
[08:20] {magoo} msft reports in 15 min
[08:21] {nemo} mmhhh...shortable
[08:26] {nemo} that was nice DB on amzn..high volume bottom, low volume retest
[08:30] {nemo} good earnings msft
[08:38] {magoo} i took it l .890
[08:38] {magoo} out here
[08:38] {magoo} scalp
[08:38] {magoo} out .45
[08:41] {magoo} 109 seems inevitable
[08:41] {nemo} yeah
[08:41] {magoo} crap
[08:44] {magoo} 110 next
[08:45] {nemo} msft blasted the Qs and SPY higher
[08:46] {magoo} bears on the run
[08:46] {magoo} unreal
[08:48] {nemo} amzn
[08:48] {magoo} 110 might be a launch pad more than resistance
[08:49] {nemo} uncharted territory..."there be dragons"
[08:50] {Threei} here there be monsters
[08:50] {nemo} yeah...what else would you call an entity with THREE Eyes?!
[08:51] {Threei} you mean it's somethng out of the norm??
[08:51] {nemo} Don't get out much, do you?
[08:51] {Threei} no... why?
06[08:53] * magoo slaps Threei around a bit with a large trout
[08:54] {Threei} what was that for
[08:54] {magoo} wake up..get to work.we can make our day this pre mkt lol
[08:54] {magoo} 110 on deck
[08:54] {Threei} kidding? I can't trade during normal hours, lol
[08:54] {nemo} msft
[08:55] {magoo} i know.,...thats why i wanted to try this he he
[08:55] {magoo} just got a buck here amzn
[08:56] {magoo} 111 inevitavble
[09:00] {lasertrev} morn nemo magoo vad
[09:00] {Threei} trev :)
[09:01] {magoo} hey trev
[09:01] {bkhmd} gm all
[09:01] {magoo} hey bk
[09:01] {Threei} VITA Presentation of Cortoss Clinical Study Results at the 2009 Congress of Neurological Surgeons Annual Meeting
[09:01] {Threei} bk :)
[09:02] {magoo} bk=burger king?
[09:03] {bkhmd} yes how did you know
[09:03] {bkhmd} actually initials BKH and MD is Maryland
[09:03] {Threei} bkhmd - hmf = bk
[09:04] {bkhmd} but my staff used to call Me BK as i used to frequent the local Burger KingK
[09:04] {bkhmd} whats on radar today
[09:04] {bkhmd} WHR had great earnings
[09:05] {Threei} what didn't
[09:05] {Threei} BRCM seems to be the only ugly chiled who missed earnings
[09:05] {bkhmd} EMCI and CACH earnings fell significantly below
[09:05] {bkhmd} and we have housing at 10:00
[09:05] {Threei} which probably won't revent it from making new annual highs today, lol
[09:06] {bkhmd} if yesterday was any signal ur right
[09:06] {bkhmd} lol
[09:06] {bkhmd} what did asian markets do last night?
[09:07] {ese} good morning one and all........
[09:08] {magoo} ese:)
[09:08] {bkhmd} gm ease
[09:08] {fernp} Good morning everybody
[09:08] {bkhmd} ese*
[09:08] {bkhmd} Fern
[09:08] {Threei} ese, fern :)
[09:09] {ese} mags bk fern vad
[09:09] {strider} morning all
[09:09] {Threei} strider :)
[09:09] {bkhmd} stride
[09:09] {ese} sssssstttttt!!!!1
[09:11] {strider} :)
[09:11] {magoo} stripper:)
[09:11] {strider} that's a new one.
[09:12] {magoo} how would u fair? poorly?
[09:12] {Threei} US Rep Frank: Administation may send a new bill for 'resolution authority' on troubled and systemic companies on Monday
[09:12] {Threei} - comments that there isnt much change of placing all bank supervision into the hands on one agency
[09:12] {Threei} - Congress currently in discussion to create an optional Federal charter for insurers
[09:16] {larisa} gm :)
[09:16] {ese} probably a stupid question but have you all made note of .45 v.33expected it's up 16pts....whoa
[09:17] {nemo} no..haven't paid attention to it's $17 dollar run. or its run from 107-110 this morning...or Mag's $ he scalped already...had no idea
[09:18] {ese} ahhhhhh......magoo would be in for sure
[09:21] {Threei} larisa :)
[09:21] {nemo} lari :)
[09:21] {larisa} :)
[09:21] {Threei} US) Govt Spokesman: US has told IAEA's El-Baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"
[09:26] {nemo} feels like big up day
[09:26] {magoo} [08:56] {magoo} 111 inevitavble
[09:26] {dptl} good morning
[09:26] {Threei} dp :)
[09:27] {Threei} okay guys, you know what I do after losing day, right?
[09:27] {nemo} win
[09:27] {Threei} those who think "drink yourself into oblivion" are wrong
[09:27] {bkhmd} new day
[09:27] {bkhmd} market dont remember yesterday
[09:27] {bkhmd} page 131 of the book
[09:27] {Threei} shrink, apply extra caution,
[09:28] {Threei} setting "do no harm" as major goal
[09:28] {Raven} double your position size and widen your stops ?
[09:28] {Threei} that's it
[09:28] {bkhmd} yea get even
[09:28] {bkhmd} lol
[09:28] {Threei} so, be patient,
[09:29] {Threei} main feature of setups for today is going to be safety
[09:29] {Threei} low risk
[09:29] {Threei} tight stops
[09:29] {patience} yup, patience pays :)
[09:29] {Threei} lol, good morning
[09:29] {magoo} OY
[09:29] {patience} :)
[09:29] {nemo} oy
[09:31] {Threei} NFLX lost its mind
[09:31] {nemo} huge beat
[09:34] {Threei} Long Setup: CPWR 8.10 break
[09:34] {Threei} if stays above 8
[09:34] {Threei} 1:1
[09:34] {fernp} out ty
[09:37] {Threei} 1:2
[09:37] {Threei} who held it, get out
[09:38] {magoo} RIMM vad
[09:38] {ese} nice one....was looking elsewhere....missed it
[09:39] {Threei} RIMM, I want it to hold .25 and break .40
[09:39] {Threei} will be worth a first try
[09:39] {Threei} nope, new low
[09:40] {magoo} COF nuts too
[09:40] {Threei} market is not up that much for all this blowout eearnings
[09:40] {nemo} no
[09:41] {Threei} DOW is flirting with red
[09:41] {Threei} S&P is red to flat
[09:41] {Threei} IMO, down is next step
[09:41] {nemo} oh oh
[09:41] {Threei} Preview: Sept Existing Home Sales due out at 10amET
[09:41] {Threei} **consensus expectation: 5.35Me (+4.9% m/m) v 5.10M prior.
[09:45] {magoo} aMZN could care less about futes
[09:45] {fernp} PWER breakout, Vad?
[09:46] {Threei} hard to tell
[09:46] {Threei} this stock doesn't have a good history
[09:46] {Threei} tends to wilt and die
[09:46] {fernp} ok
[09:47] {ese} l amzn .75
[09:47] {ese} out amzn .98
[09:47] {ese} +.23
[09:47] {fernp} gj
[09:47] {magoo} double bott AAPL
[09:47] {nemo} how many little buggers ese?
[09:48] {Threei} RIMM
[09:48] {ese} 2k
[09:48] {Threei} short .80 break or long .90 break
[09:48] {Threei} aww... late
[09:48] {ese} nemo....moving real fast...scares me a little
[09:49] {magoo} u want fast..look amzn
[09:49] {magoo} l aapl .65
[09:50] {ese} i did mags
[09:50] {ese} was in and out of it
[09:51] {ese} lookin to short it at 110.60 approx
[09:51] {magoo} COF pulling back vad
[09:52] {Threei} Short Setup: BRCM .10
[09:52] {Threei} if stays under .20
[09:53] {Threei} Long Setup: RIMM 67 break
[09:53] {Threei} if stays above .90
[09:55] {Threei} BRCM invalidated
[09:55] {Threei} RIMM still may reestablish
[09:55] {ese} tired market me thinks
[09:56] {fernp} both invalidated, no?
[09:56] {Threei} yes
[09:59] {magoo} in rimm .90
[10:00] {Threei} SEPT EXISTING HOME SALES (M/M): 5.57M V 5.35ME (
[10:02] {ese} bstop amzn 113.11
[10:02] {magoo} no work rimm
[10:02] {ese} in
[10:03] {fernp} HIG lod and consolidating there
[10:03] {bkhmd} yes
[10:03] {fernp} but is H I G
[10:03] {ese} out amzn .42
[10:03] {ese} +.31 man this thing moves fas
[10:05] {ese} at some point this has to come down off it's loft perch amzn
[10:05] {bkhmd} IP double bottom?
[10:06] {Threei} I don't see it
[10:06] {bkhmd} ty
[10:06] {fernp} shorted HIG .41 and out here .25
[10:09] {ese} vad if i wanted to short DIA....would i do that .55 to .60 on pullback
[10:10] {Threei} the way it trades, it's most likely to jump somewhat over .60 before dropping again
[10:10] {Threei} make that tail to .65 or so and drop fast from there
[10:11] {magoo} oyt AMZN .53
[10:11] {magoo} point and half
[10:11] {ese} tks........
[10:11] {magoo} [prolly reload
[10:11] {magoo} STRONGGGGGGGGGG
[10:11] {ese} very
[10:11] {magoo} but it can driop a poinyt in a blink..nit for faint hearted
[10:12] {Threei} .short rimm .50 break
[10:12] {Threei} Short Setup: RIMM .50 break
[10:12] {Threei} if stays below .65
[10:13] {ese} dia....not going acording to plan
[10:13] {magoo} if IF mkts bounce..rimm gonna bounce
[10:13] {Threei} 1:1
[10:13] {fernp} too fast never filled
[10:13] {nemo} yeah
[10:13] {magoo} FAST vad
[10:13] {magoo} as i tyoped
[10:13] {Threei} back for entry
[10:13] {bkhmd} same never filled
[10:13] {fernp} still valid ?
[10:14] {Threei} yes, only stop is .60 this time
[10:16] {magoo} my quotes are anus
[10:16] {larisa} made 50 cents on AMZN short just for excitement. "they" say excitement is an enemy of trader :)
[10:16] {magoo} u got a server vad?
[10:16] {Threei} 0
[10:16] {Threei} 9
[10:16] {larisa} fine here magoo
[10:17] {Threei} Short Setup: BRCM .95 break if stays below 28.05
[10:18] {magoo} funny vad..we both correct RIMM
[10:20] {fernp} brcm still valid?
[10:20] {Threei} too sharp dive
[10:21] {Threei} let's see if we get bounce to short into
[10:21] {ese} nice one there i thought that thing would be heading down by now
[10:22] {ese} how many shs laris?
[10:22] {larisa} it can go to 150 first :) yo unever know
[10:23] {Threei} BRCM got away didn't it
[10:23] {larisa} I do not play more than 1K ever
[10:23] {fernp} y
[10:23] {larisa} scalper here
[10:23] {ese} nice work......
[10:24] {fernp} FITB short, Vad? if breaks
[10:24] {Threei} not sure
[10:24] {bkhmd} Larisa thanks for sharing I wanted to know but was afraid to ask
[10:24] {Threei} BRCM, I am crying
[10:24] {ese} i would have yes fern.....but i'm too late
[10:25] {fernp} yeah, too late
[10:28] {Threei} Long Setup: AAPL .50 break
[10:28] {magoo} in
[10:28] {Threei} if stays above .30
[10:28] {magoo} lol
[10:29] {ese} oh my my my fern........fitb would have been a nice short
[10:30] {fernp} true
[10:31] {Threei} Short Setup: BRCM .50
[10:31] {Threei} if stays blow .60
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 270M shares, about 4% below its three-month average; decliners lead advancers by 2.6:1.
[10:31] {Threei} - NASDAQ volume 650M shares, about 15% above its three-month average; decliners lead advancers by 1.4:1.
[10:31] {Threei} - VIX index +1.5% to just under 21.00
[10:32] {fernp} stopped
[10:35] {Threei} Short Setup: RIMM .50 break
[10:35] {Threei} if stays under .60
[10:37] {fernp} ty
[10:37] {Threei} 1:1
[10:37] {strider} =.10
[10:37] {strider} +
[10:37] {Threei} trying for more, covered half
[10:37] {Threei} 1;2
[10:37] {Threei} 1/4 more
[10:37] {Threei} 1:4, out in full
[10:38] {Threei} +.38
[10:38] {Threei} finally worthy one
[10:39] {larisa} gj
[10:40] {ese} does anyone know what amzn'z all time high is?
[10:40] {larisa} I think it was 113 in '99
[10:40] {larisa} but not sure
[10:40] {nemo} yeah
[10:41] {ese} tks....hmmmmmmm causes one to think at this pts.......then there ain't gonna be a whole lot of resistance goin up
[10:42] {larisa} shorts are in trouble on this one I think, some shorting it from 50..
[10:42] {ese} in amzn laris?
[10:42] {larisa} yup
[10:43] {ese} ouch
[10:44] {magoo} i truly think if if it takes 115 prints 117.43 today
[10:44] {Threei} crrrap
[10:44] {magoo} IF
[10:44] {ese} patience......your house slid down the Landsdown slope yet with all this rain?
[10:44] {Threei} typed long NFLX .10 break
[10:45] {Threei} by the moment I finished typing it was at .25
[10:45] {magoo} thats why iu need tio update room to skype vad
[10:46] {strider} another chance on NFLX?
[10:46] {Threei} not sure
[10:46] {Threei} momo play
[10:46] {nemo} rimm short
[10:46] {Threei} they rarely have technical setups
[10:47] {patience} no ese, i am next to the golf course so i expect to float onto the clubhouse lawn :)
[10:48] {ese} I had a tee time for 10:57 ain't gonna happen
[10:48] {Threei} come on ese
[10:48] {Threei} little drizzle
[10:48] {Threei} don't be a sissy
[10:49] {ese} oh ya....oh ya,,,,,,,,well ....i'll show you.......i'll be out there!!!!!!!!!
[10:49] {Threei} cool... forgive me for not gpoing there to see it... I'll take your word
[10:50] {nemo} that's don't get out much
[10:50] {Threei} no
[10:50] {ese} i will probably be washed up on patience what will happen
[10:50] {Threei} breakdown is coming in the market, IMO
[10:50] {nemo} aapl weak
[10:50] {ese} he doesn't have too.....he has an exercise facility right out his back door
[10:51] {Threei} self made too
[10:51] {Threei} Short Setup: RIMM .15
[10:51] {Threei} if stays under .25
[10:51] {magoo} launch AMZN
[10:51] {magoo} in .30
[10:52] {Threei} wtg mags
[10:52] {magoo} 115
[10:52] {magoo} come on
[10:52] {ese} wow mags....nice
[10:53] {Threei} RIMM, not a scalp again for me
[10:53] {Threei} risk is minimal
[10:54] {ese} s rimm .14
[10:54] {Threei} NQ needs to lose 1760
[10:55] {ese} agreed
[10:55] {Threei} here we go
[10:55] {Threei} day low is right around 1:1... if breaks down and market helps, should drop far and fast
[10:55] {Threei} big bid .10 got hit
[10:56] {Threei} IA) WSJ: Iran has pulled away from nuclear agreement; prefers to purchase nuclear fuel needed for reactor rather than shipping uranium abroard
[10:56] {Threei} new low
[10:56] {Threei} **Note: earlier today a US Govt Spokesman said that US has told IAEA's El-baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"
[10:56] {Threei} 1:1
[10:57] {Threei} covering half
[10:57] {magoo} msft news cracked mkt therex
[10:57] {Threei} MSFT Yahoo will add nothing to revenue in current fiscal year (28.33, +1.74, 6.54%)
[10:57] {ese} c 1/2
[10:58] {Threei} YHOO will add "hundreds of millions" in 2011
[10:59] {ese} most i've ever shorted by the way 1k
[10:59] {ese} still 1/2 k left
[10:59] {Threei} stop to above .20
[10:59] {ese} done....
[10:59] {Threei} if pesky scalpers win this one, so be it
[11:00] {Threei} but in the market like this, gotta give it a chance
[11:00] {Threei} breakdowns ought to be good
[11:00] {ese} indeed
[11:00] {Threei} lose 66 and kaput
[11:01] {ese} no kaaapluey
[11:02] {fernp} out balance
[11:02] {ese} stoped balance
[11:02] {Threei} didn't go over .20 yet
[11:02] {Threei} sissies
[11:02] {magoo} oput .73 AMZN
[11:02] {ese} whaaaaaaaaa?
[11:02] {magoo} several times
[11:03] {magoo} continuos scalping really
[11:03] {fernp} now yes
[11:03] {Threei} okay opkay... no means no
[11:03] {ese} rotfl
[11:03] {magoo} 115
[11:05] {ese} anyway......tks for talking me through it vad......gained a litle more confidence......shorting still a litle weak in my arsenal
[11:06] {Threei} it's easy...
[11:06] {Threei} like long, just in opposite direction
[11:06] {strider} the same, but different.
[11:06] {ese} yup....stigma....will get over it
[11:06] {Threei} and don't forget to sell first, buy later... unlike long where you buy first, sell later
[11:06] {nemo} too bad there isn't an inversion setting on charts
[11:07] {nemo} I see shorts easier than I see longs
[11:07] {magoo} shorts are DAD AMZN ...DEAD
[11:07] {ese} FERN.....can ya believe this though....we follow the blindly and he calls us "SISSIES"!!!! man
[11:07] {nemo} In the kingdom of the blind, the one-eyed man is king
[11:08] {ese} ahhhhh yup
[11:08] {magoo} DEAD i tell ya....DDDDEEEEEAAADDDDDDDDDDDDD'
[11:08] {nemo} who what where DEAD?
[11:08] {ese} it's rather stunning to be honest mags
[11:09] {nemo} honest?
[11:09] {ese} but what gave you the 117.43 target though
[11:09] {fernp} es ese, he is incorrigible
[11:09] {ese} definitly
[11:09] {Threei} well, two things
[11:10] {Threei} first, I enjoy it... why would you refuse me little fun I derive from slapping, insulting and otherwise gurting good people
[11:10] {Threei} second, and less relevant: stop was ABOVE .20
[11:10] {Threei} not .20 itself
[11:10] {magoo} target 117.43
[11:10] {Threei} but first point is much more importasnt
[11:11] {ese} ya how did you get that target
[11:11] {magoo} put that in way earlier too
[11:11] {magoo} liker hours ago lol
[11:11] {magoo} DEAD DEAD DEAD
[11:13] {ese} I can tell vad.....point #1 is much more enjoyable for you
[11:13] {magoo} magic 8-ball ese..i asked replied it would seem so
[11:15] {ese} hasn't cracked has it?
[11:15] {Threei} Microsoft Corp Ticking lower after a CNBC makes erroneous report regarding guidance; CNBC misreported the earlier Operating Expense guidance cut as a Revenue guidance cut
[11:15] {Threei} - earlier MSFT said it was cutting operating expenses guidance to $26.2B from $26.5B for FY ended June 30, 2010.
[11:15] {Threei} - follow up 11:10amET: CNBC corrects its error.
[11:18] {fernp} GLD Vad
[11:18] {Threei} you know, I am a bit hesitant to trade this one
[11:19] {Threei} reason is, I am biased
[11:19] {Threei} I am what goldbugs consder their worst enemy: one who thinks gold's intrinsic value is non-existent
[11:19] {fernp} ok I understand
[11:19] {Threei} well, aside from industrial applications and bling
[11:19] {ese} hmmmmmm explain please
[11:20] {nemo} short on FCX? need pullback?
[11:20] {Threei} I'd be shorting GLD left and right, lol
[11:21] {strider} would that be a bad thing:)
[11:21] {Threei} ese... there are people who think gold has some deeper value than whatever masses are willing to pay for it
[11:21] {Threei} store of value... currency...
[11:21] {Threei} to me, it's own intrinsic value is none
[11:21] {ese} yup....agreed
[11:22] {Threei} you can agree to have seashells as currency
[11:22] {nemo} yep was bear flag
[11:22] {Threei} and some civilizations did in the past
[11:22] {ese} i just think it's historical intrinsic value
[11:22] {Threei} and the only advantage gold has over those is it's not as fragile
[11:22] {ese} agreed
[11:23] {Threei} gold standard makes zero sense to me
[11:24] {larisa} but how it connects to daytrading it? you either like how stock trades or not. Most of the stocks you trade you do not give a damn abut their value, you read the tape.
[11:24] {magoo} dow under 10k
[11:24] {ese} well at least since they discarded breton woods in the early 70's
[11:24] {Threei} true laridsas, my point is:
[11:24] {larisa} now i am laridsas
[11:24] {Threei} being skeptical about underlying assset may impact the judgement and create bias
[11:25] {Threei} US) Speaker Pelosi: reiterates House health bill will include the public option, but still working out the details of the plan
[11:25] {Threei} this gal is determined
[11:26] {Threei} see what I mean? I catch myself thinking short every time I look at GLD chart
[11:26] {larisa} I understand, it is like stock of the company you work for, always optimistic :)
[11:27] {Threei} I guess... I never worked for any company but I understand the mindset
[11:27] {larisa} bias you can not read of no matter how hard you try
[11:27] {Threei} rid too
[11:27] {larisa} right
[11:28] {Threei} yes... exactly what I mean
[11:28] {Threei} when I feel this in myself, I have to be double careful
[11:28] {larisa} vad can spell after all
[11:29] {Threei} and that's the biggest surprise for today
[11:29] {ese} mags you still amzn?
[11:29] {Threei} strange disconnection
[11:29] {magoo} yes
[11:30] {Threei} NASDAQ chart is downtrending still
[11:30] {Threei} BRCM isn't, RIMM isn't
[11:30] {ese} nice.......gutsy as well.....good on ya
[11:30] {magoo} no guts..this was no brainer
[11:30] {magoo} mkts tank...amzn STRONG
[11:30] {ese} really?
[11:30] {magoo} wait if mkts got going
[11:31] {magoo} seriously
[11:31] {ese} hmmmm
[11:31] {magoo} there was/is no reason to sell
[11:31] {nemo} aapl selling off a bit
[11:31] {ese} would agree with that for sure
[11:31] {magoo} now remember..i was hitting it this pre mkt in 107 area w/cap'n nemo
[11:32] {nemo} yep...first thing he says, "hunting amzn"
[11:32] {ese} you still in from there!!!
[11:32] {nemo} nice db @ 107 and it's been up and away since
[11:32] {nemo} no...magoo has been
[11:32] {magoo} i was hitting itlast nite from like 99 to 104
[11:32] {magoo} cant quiter remember
[11:33] {nemo} mmmhhh amzn looking a little toppy here
[11:33] {magoo} well..ya and may breathe some soon
[11:33] {magoo} but its NOT A SHORT
[11:34] {magoo} i mean it up 22 points I LUV THESE
[11:34] {magoo} 116 coming
[11:35] {Threei} this is good place to try with stop under .50
[11:35] {Threei} tight enough
[11:35] {strider} MZN?
[11:35] {strider} amzn
[11:35] {magoo} no
[11:35] {magoo} amzn he he
[11:35] {Threei} yeah
[11:36] {Threei} .66 in
[11:36] {magoo} 116,25 exit should do it
[11:36] {magoo} shit missed my aapl bounce
[11:37] {magoo} u guys distracted mags
[11:39] {Threei} tired a bit
[11:39] {nemo} nobody believed me :(
[11:39] {Threei} hit 1:1 and lost breath
[11:39] {nemo} crissakes...I leave my chin out like that....sheesh
06[11:40] * magoo slaps nemo around a bit with a large trout
[11:40] {larisa} I actully did nemo, just did not want to say anything, caz people were long on it
[11:40] {Threei} it's Friday nemo... we are kinder and gentlier than usual
06[11:40] * magoo slaps larisa around a bit with a large trout
[11:40] {nemo} skeeves me
[11:41] {magoo} c'mon..ive been calling it long to levels since 8 am
[11:41] {magoo} u guys are LATE to my party...sheesh
[11:41] {ese} skeeves? thats as good as temoted
[11:41] {nemo} absolutely...I confirmed that already
[11:41] {magoo} now i no how vad feels
[11:41] {nemo} thanks ese
[11:41] {Threei} welcome to my world mags
[11:42] {magoo} really
06[11:42] * nemo gives magoo and Vad hankies laced with pepper spray
[11:42] {Threei} you call them with 80-90% accuracy for months, then lose one day and rotten tomatoes are flying
[11:42] {larisa} lol
[11:42] {nemo} BS....whose thrown anything
[11:43] {nemo} Haven't heard anybody say anything derogatory
[11:43] {nemo} Hearing voices again?
[11:43] {magoo} i should apply my experience here vad and go easier on u...NAHHHHHHHH
[11:43] {nemo} who has
[11:43] {Threei} one guy (I won't name names but he is a fish) sent me three hate e-mails in one evening
[11:43] {nemo} BS
[11:43] {nemo} total taurine excrement
[11:43] {magoo} is that correct symbol nemo?
[11:43] {Threei} lol
[11:44] {magoo} yes still in
[11:44] {ese} ya got that
[11:44] {ese} is that person still on the board vad?
[11:44] {Threei} of course... I don't discriminate for critisism
[11:45] {ese} personal question i know......but i wouldn't have a problem making his life miserable
[11:45] {nemo} who ese? me?
[11:45] {Threei} really? I smell a great chance to make nemo suffer {GGG}
[11:45] {magoo} ask dino..ive cursed vad up and down office...{but i would never make that known in his room here...}
[11:45] {magoo} oops
[11:45] {Threei} lol
[11:46] {Threei} ok guys, just remember my bias nut
[11:46] {ese} it's hard to believe.....for crying ot loud...if you get into trading how can you be stupid enough not to think your not going to loose money at some point
[11:46] {Threei} GLD bounce into resistance
[11:47] {magoo} wash your mouth out ese:)
[11:47] {Threei} that was a joke in this particular case ese, I just love pulling nemo's chain
[11:47] {Threei} but overall, trust me
[11:47] {Threei} I had my fair share
[11:47] {ese} i'll bet
[11:47] {nemo} of what...hate mail?
[11:47] {magoo} he used to like doing it to magoo ..nemo...u gave me some slack here lol
[11:47] {bkhmd} I only sent 2 vad who sent the other?
[11:47] {bkhmd} lol
[11:47] {bkhmd} joke
[11:47] {bkhmd} easy easy
[11:47] {Threei} one particular response on some forum was remrkable
[11:48] {nemo} yeah...I'm hoping strider takes some of the load
[11:48] {strider} I didn't do nuthin'
[11:48] {Threei} bk, you accidentally copied it to admin and he forwarded it to me, so thsat makes three
[11:48] {bkhmd} ahhhhh
[11:48] {magoo} SICK move AMZN
[11:49] {Threei} so, someone on one forum made a favorable comment about our room,
[11:49] {magoo} if amzn hits my target vsad...give me 3 months free
[11:49] {Threei} and the guy come in with:
[11:49] {Threei} I had a trial there for 5 days,
[11:50] {Threei} they did lose on one of them, so don't think it's a holy graail, they don't possess any great secrets
[11:50] {magoo} that was magoo vad in cogneto
[11:50] {ese} just hard work!!!!! for criss&^%&^%
[11:50] {magoo} 116
[11:50] {magoo} ya bloody buns :)
[11:51] {ese} I am stunned with amzn today......
[11:51] {magoo} vad..remember good ole days when me and 1 other would get on these together?
[11:51] {ese} look at that thing......and mags hangin in there....prety amazing to be honest
[11:51] {Threei} 1 other?
[11:52] {magoo} yea...he wrote in red
[11:52] {Threei} lol
[11:52] {nemo} brcm break .05?
[11:52] {magoo} together we were a scary force finding the runners
[11:52] {nemo} maybe not right up against 200
[11:53] {nemo} nope hit 1:1
[11:53] {Threei} I really hate trying breakouts on this one nemo
[11:53] {magoo} anyone but anyone making dough on my amzn read??
[11:53] {nemo} yeah, well now it's falling back...hit both 200 and VWAP
[11:54] {magoo} [11:36] {magoo} 116,25 exit should do it
[11:54] {ese} wow.......116.25
[11:54] {nemo} crap...he missed the top by .15
[11:54] {magoo} [11:49] {magoo} if amzn hits my target vsad...give me 3 months free
[11:55] {ese} i bow to your superior ......whatever mags......outstanding
[11:55] {magoo} 117.43
[11:56] {magoo} then i get free room
[11:56] {Threei} GLD,
[11:56] {magoo} i cobvered..but will reenter
[11:57] {Threei} for double top scenario we need bounce here,
[11:57] {Threei} staying under .85
[11:57] {Threei} then breaking .70
[11:57] {ese} ok ...back to reality...fitb...what eeelll is it doing
[11:57] {Threei} does it look to you objective enough?
[11:58] {Threei} just to make sure it's not my bias talking, describing setup for you in greater details
[12:00] {nemo} in amzn break of .30 mags?
[12:01] {Threei} invalidated
[12:01] {fernp} invalidated GLD
[12:01] {magoo} sorry nemo went for coffee
[12:01] {magoo} im back in
[12:01] {nemo} 1:2
[12:01] {magoo} u do it?
[12:02] {nemo} out now
[12:02] {Threei} 117 mags?
[12:02] {magoo} 117.43
[12:05] {magoo} soon..c'mon...lets get it now
[12:05] {magoo} get up
[12:05] {magoo} here we go
[12:06] {Threei} beautiful
[12:07] {ese} BRCM making a comeback
[12:12] {nemo} hah...rimm toppe out at 6666
[12:12] {Threei} notice the formation
[12:13] {Threei} hat same double top I was looking for at GLD
[12:13] {nemo} devil's horns
[12:13] {Threei} .66 top, .50 valley bottom
[12:13] {ese} rimm sure bounced off of 66
[12:14] {magoo} vad..take 1 eye and start reading COF
[12:15] {Threei} I like short on it mags
[12:16] {Threei} and you can see why, lol
[12:16] {strider} so did a few others.:)
[12:16] {Threei} no kidding
[12:19] {strider} if BO fails on BRCM, will it be a short?
[12:19] {nemo} rimm short again...
[12:19] {Threei} .20 is support to break for it to trigger short
[12:19] {Threei} BRCM I measn
[12:20] {strider} would you call it as an official setup?
[12:21] {strider} got 3 candles dipping to .17
[12:21] {Threei} if market dives, which it seems to be ready for, yes
[12:22] {strider} whoops.
[12:22] {strider} failed again
[12:22] {fernp} AMZN pulling back to 116
[12:24] {magoo} yea..careful here
[12:24] {magoo} might be time of day to pullbk
[12:24] {Threei} why failed?
[12:25] {Threei} .35 is resistance
[12:25] {Threei} didn't go above it
[12:25] {strider} failed to break resistance.
[12:25] {Threei} I'd say it's still valid
[12:25] {Threei} oh
[12:25] {Threei} lol
[12:25] {nemo} brcm broke trendline
[12:25] {nemo} looking short
[12:25] {strider} sometimes failure is a good thing, no?
[12:26] {nemo} has long as it's not in a duel
[12:27] {nemo} as
[12:27] {strider} FLD in consolidation
[12:27] {strider} GLD
[12:29] {strider} missed BRCM but may not a bad thing.
[12:30] {nemo} lunchtime...scalps
[12:30] {strider} mini-scalps
[12:30] {strider} Type 1 with type 2 shares:)
[12:35] {strider} LINTA
[12:37] {Threei} BRCM 1:1
[12:45] {strider} .
[12:45] {magoo} yea in
[12:45] {magoo} 1187
[12:45] {magoo} 117
[12:45] {Threei} lol
[12:46] {Threei} anyone care to guess who is on TV?
[12:46] {nemo} Carmen Electra?
[12:46] {Threei} you really wish
[12:47] {magoo} george dubya?
[12:47] {strider} mARIS tOMEI?
[12:47] {strider} marisa
[12:47] {magoo} AMZN
[12:47] {magoo} .40
[12:47] {nemo} hat's and noise makers ready...
[12:47] {magoo} .03 cents off
[12:48] {magoo} wish dino were here for that call
[12:48] {Threei} you'll tell him and we will confirm
[12:48] {nemo} how markets end today Vad?
[12:49] {magoo} with the closing bell nemo
[12:49] {Threei} I think we will try to make a run at the high, fail and finish about here as scenario #1
[12:49] {Threei} next by likelyhood is eod seloff to new lows
06[12:50] * nemo slaps magoo around a bit with a large CROW BAR
[12:50] {nemo} sorry raven
[12:50] {Threei} and only third, least likely but not out of realm of possibilities is rally
[12:51] {nemo} That would be most painful...shorts see weakness even with some good earnings results...say, "this is it." ....WHAM!....rally.
[12:51] {larisa} -130 ending :)
[12:53] {magoo} i think we end green
[12:53] {nemo} too
[12:53] {strider} aone?
[12:53] {Threei} Long Setup: HIG .25 break if holding .2o
[12:54] {magoo} no ty...eating soup
[12:54] {Threei} no read on AONE
[12:55] {fernp} 2o is 20 true?
[12:56] {Threei} yes, lol
[12:56] {nemo}'s that ipo from a couple of days ago doing? still at 14.50?
[12:56] {Threei} sheesh
[12:56] {Threei} it is
[12:57] {fernp} out
[12:58] {ese} i still don't get how you figured the amzn call mags.......what were you looking at?
[12:58] {larisa} amount of $ he needs to buy an Island :)
[12:59] {magoo} magic 8-ball
[12:59] {magoo} i dont know how that worx
[13:00] {magoo} biut hey..only off .03
[13:00] {magoo} for now
[13:03] {strider} TROW kind of interesting, daily & 5 min.
[13:07] {larisa} triple top, give up AMZN :) or magoo needs to establish new target :)
[13:17] {Threei} one more of interest mags: PCLN
[13:18] {fernp} LVS breakdown, Vad?
[13:18] {magoo} vad...i get 3 months free..only missed by 3 cents?
[13:18] {magoo} i was calling that from 110 area
[13:18] {Threei} 3 cents in unforgivable mags
[13:19] {magoo} crap
[13:19] {Threei} not sure fern...
[13:19] {Threei} feels more random
[13:19] {fernp} ok
[13:23] {Threei} RIMM...
[13:24] {Threei} if market breaks down, 66 break is a good short setup
[13:25] {strider} wide stop?
[13:26] {Threei} .20...
[13:29] {Threei} if sets up from here, .15 will be good as a stop
[13:33] {fernp} in
[13:33] {ese} hmmmmmmm
[13:33] {ese} i am back
[13:34] {magoo} vad WHY BIDU up huge in down mkt?newss
[13:35] {Threei} no news
[13:35] {Threei} Bank of America Corp Reportedly Congressman Towns issuing subpoena to Countrywide Financial in mortgage probe
[13:35] {Threei} - Congressman Towns says he has requested information from Wells Fargo, JP Morgan, Citigroup, and GMAC; is prepared to issue subpoenas to other banks in mortgage probe if they don't comply
[13:37] {strider} +.11 RIMM from early entry
[13:40] {magoo} vad..550cc = how many ounces?
[13:40] {nemo} 1 cc=1gram=28.5 grams in an ounce
[13:40] {magoo} no like liquid
[13:41] {nemo} about 20 oz
[13:41] {magoo} no
[13:41] {magoo} more like 12
[13:41] {Threei} 1 US fluid ounce = 29.5735296 cc
[13:41] {magoo} anyone??
[13:41] {nemo} there you go, what I tell you
[13:50] {fernp} stopped RIMM
[13:51] {Threei} didn't cover on dive under .90?
[13:51] {fernp} .86 was 1:1
[13:52] {Threei} it touched .87...
[13:52] {fernp} not filled at .87
[13:52] {Threei} when it's 1-2 cents away from 1:1, don't let it turn into loss
[13:52] {fernp} late
[13:53] {fernp} another awful day here
[13:54] {Threei} hmmm
[13:54] {Threei} nothing stellar but not horrible at all
[13:55] {fernp} true, only a bad day
[13:55] {fernp} yest was an awful day :)
[13:56] {nemo} I've avoided stops that's good
[13:56] {nemo} question, is this an index bear flag
[13:57] {Threei} very much looks like that
[13:57] {nemo} yeah
[14:03] {bkhmd} JOYG DB?
[14:03] {Threei} only if market starts recovery-rally... which IMO is not in cards
[14:04] {ese} have a great weekend all....cya monday
[14:04] {nemo} Have you forseen this Lord Vad?
[14:04] {bkhmd} or colater ese
[14:04] {fernp} bye ese
[14:04] {nemo} adios ese
[14:04] {bkhmd} later ese
[14:04] {Threei} take care ese
[14:04] {ese} take care
[14:04] {nemo} vaya con diablo
[14:07] {nemo} amzn bounced right off the 200 ma
[14:08] {Threei} more and more feels like breakdown coming
[14:09] {magoo} amzn or mkt vad?
[14:09] {Threei} market
[14:12] {nemo} we'll probably end up where we started yesterday
[14:12] {Threei} which is amazing in itself considering how the day started
[14:13] {strider} amzn
[14:13] {nemo} whoa amazon
[14:13] {Threei} Market Internals update at 2:00pmET
[14:13] {Threei} - NYSE volume 705M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.
[14:13] {Threei} - NASDAQ volume 1.65B shares, about 13% above its three-month average; decliners lead advancers by 2.9:1.
[14:13] {Threei} - VIX index +7% to just over 22.00
[14:18] {strider} I think we're getting close to seeing who the biggest fool is...on amzn
[14:20] {Threei} you think they'll give us the name of the top buyer?
[14:23] {magoo} hope its not magoo
[14:24] {Threei} no breakdown
[14:24] {nemo} funny...I was thinkng the same thing
[14:24] {magoo} in it .50
[14:25] {nemo} brcm been on quite the march too
[14:25] {Threei} no kidding
[14:26] {Threei} and I hated this one the most
[14:26] {nemo} Yeah...I remember...someting about hating breaks on that stock
[14:27] {strider} yoi still in mags?
[14:27] {nemo} stop of .30?
[14:35] {nemo} RIMM sneaking up on 66 again
[14:38] {magoo} i hate to even type this
[14:38] {magoo} 119 coming
[14:38] {nemo} where you in?
[14:38] {magoo} 117.49
[14:39] {magoo} 118
[14:43] {fernp} short RIMM 65.99, Vad?
[14:43] {Threei} with stop over .10?
[14:43] {Threei} looks right
[14:43] {fernp} y
[14:46] {Threei} and to think, I was pondering yesterday after earnings, whether 102 is good entery or leave it alone
[14:46] {strider} ??
[14:46] {Threei} on AMZN
[14:47] {strider} I'll take some at 102:)
[14:47] {nemo} no...thought you were talking about eslr
[14:47] {nemo} that's at 1.02
[14:47] {Threei} ws available all you wanted
[14:47] {strider} can I go over to the middle of the chart?
[14:48] {Threei} ?
[14:48] {strider} and buy there?
[14:48] {Threei} ah
[14:49] {Threei} famous "buy me yesterday" feature
[14:49] {Threei} usually comes in the kit with tomorrow's WSJ subscription
[14:49] {strider} and the 'if it dont go up don't buy it' button
[14:50] {strider} in RIMM .99
[14:50] {fernp} me too
[14:51] {Threei} 1:1
[14:51] {fernp} out
[14:51] {strider} out
[14:51] {Threei} 1:2, nice and easy
[14:51] {strider} thanks nemo
[14:51] {strider} and Vad
[14:51] {strider} and the universe
[14:52] {Threei} life, universe and everything
[14:52] {nemo} yw
[14:52] {strider} did I misss anyone?
[14:52] {Threei} that was fern though who spotted it
[14:52] {strider} sorry. Thanks fern.
[14:52] {strider} never mind, nemo
[14:52] {Threei} rofl
[14:52] {strider} you guys look so much alike.
[14:52] {nemo} [14:35] {nemo} RIMM sneaking up on 66 again
[14:52] {fernp} nemo inspired me
[14:52] {Threei} plant and fish??
[14:53] {nemo} Threei=ham
[14:53] {Threei} check your sight strider...
[14:53] {Threei} 118 be taken now
[14:53] {larisa} vad, you think it is possible big brokers provide "them" the info on retail positions/stops/margin calls to fuel the short squeezes ? I really wonder how it is orchestrated. if you analize millions of accounts, the picture can be telling.
[14:53] {Threei} nah
[14:54] {larisa} I feel some structure behind it, can not explain what it is though :)
[14:54] {Threei} conspiracy involving that many people in such organized fashion can't stay undercover for than 5 minutes
[14:54] {Threei} there is structure, you are absolutely right
[14:54] {nemo} It'a Aasimov's "Foundation"
[14:54] {Threei} but it's based on the same thing all setups are based on
[14:55] {strider} my lvl 1 shows high of amzn at 119.65
[14:55] {Threei} stops are generally placed in the vicinityh of the same prices
[14:55] {strider} did I miss something?
[14:55] {nemo} Hey! witch index Amazon in?
[14:55] {nemo} yeah, mine too
[14:55] {nemo} which
[14:55] {strider} sell short!
[14:57] {nemo} I wonder how much Amazon is skewing Naz performance today?
[14:57] {strider} that must be the biggest fool...119.65
[14:58] {magoo} is that legit
[14:58] {strider} rimm again?
[14:59] {strider} dunno's there
[15:03] {Threei} I don't see it on chart
[15:03] {Threei} I doubt it
[15:03] {strider} just a 3 bar consol.
[15:03] {Threei} 118.56 is high on daily chart
[15:03] {strider} awhile ago.
[15:03] {nemo} this last hour could be precarious
[15:04] {strider} are shorts likely to push it up at end of day?
[15:04] {bkhmd} Vad your read on IP?
[15:04] {Threei} I don't have any... it's slow and narrow
[15:04] {dptl} have a good weekend all
[15:05] {Threei} mirroring market very much
[15:05] {Threei} take care dp
[15:05] {fernp} bye dp
[15:05] {strider} dp:)
[15:05] {Threei} probaly will cntinue doing so and go with market
[15:05] {nemo} just a silly feeling, but, as Vad says, it ain't gonna' be easy shorts will probably cover some incase there's a crapload of good news that comes out
[15:05] {bkhmd} ahh i see that now
[15:09] {strider} bear flag on RIMM
[15:09] {nemo} s1 is .81, see if it stalls here
[15:11] {strider} 17.60 a buy AMZN?
[15:12] {Threei} I'll go on a limb and say
[15:12] {Threei} AMZN is done
[15:13] {larisa} I think it will push for day high by eod
[15:13] {nemo} It's holding a nice trend line though
[15:13] {magoo} i think more up
[15:13] {larisa} lol
[15:13] {strider} yeah, what you all said.
[15:13] {nemo} What...take viagra magoo?
[15:14] {magoo} i think larisa got it right
[15:14] {nemo} what, "lol"
[15:14] {larisa} 120 is so close.. have to push
06[15:14] * larisa slaps nemo around a bit with a large trout
[15:15] {Threei} no way
[15:15] {nemo} whoa
[15:15] {larisa} it was funny, nemo
[15:15] {nemo} what was funny...whacking me?
[15:15] {larisa} no, you silly "lol" joke
[15:15] {Threei} that's always funny
[15:15] {nemo} oh...ty
[15:16] {nemo} fyvm vad
[15:16] {Threei} and joyful
[15:16] {Threei} no 120 is my bet
[15:16] {Threei} no 119 either
[15:17] {larisa} if you are wrong, we will make you pay
[15:18] {Threei} how?
[15:18] {larisa} no misspells for a week
[15:18] {Threei} ouch
[15:19] {Raven} good luck
[15:19] {magoo} 119.67
[15:19] {Threei} cruel
[15:19] {Threei} ok
[15:19] {Threei} libm is limb
[15:19] {Threei} I am going to short AMZN on 118 break
[15:20] {Threei} new high cancels that
[15:20] {magoo} im in 118
[15:23] {larisa} so stubborn
[15:24] {Threei} who?
[15:24] {larisa} AMZN
[15:26] {magoo} out
[15:29] {Threei} covering half
[15:29] {magoo} good read
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 910M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.
[15:31] {Threei} - NASDAQ volume 2.06B shares, about 11% above its three-month average; decliners lead advancers by 3.3:1.
[15:31] {Threei} - VIX index +7% to just over 22.00
[15:34] {fernp} LVS short here Vad?
[15:35] {Threei} most likely yes
[15:37] {Threei} too bad second half didn't want to proceed to 116
[15:37] {Threei} watching for another setup
[15:37] {Threei} and LVS looks better and better
[15:38] {fernp} in now
[15:38] {strider} stop .57?
[15:39] {strider} lvs
[15:39] {fernp} .61 here
[15:39] {strider} k
[15:42] {Threei} same trigger againfor AMZN
[15:42] {strider} stop?
[15:43] {larisa} intraday shorts on AMZN will cover now IMO
[15:43] {nemo} yeah, on everything
[15:43] {Threei} don't know yet strider
[15:43] {Threei} you guys assume there are any shorts on it sltill standing... :)
[15:44] {Threei} they are dead, buried, sang for
[15:44] {larisa} but they need to cover :)
[15:44] {Threei} magoo personally put the nails in the lid of their coffins
[15:44] {larisa} lol
[15:44] {Threei} lol larisa
[15:46] {Threei} ok
[15:46] {Threei} top of this bounce will be stop for amzn
[15:48] {Threei} no go
[15:50] {Threei} let's scratch LVS guys
[15:51] {Threei} too close to eod
[15:51] {strider} I'm out at .-02
[15:51] {Threei} anything can happen
[15:51] {Threei} AMZN fooled all of us - no new highs and no drop, lol
[15:51] {larisa} just wait
[15:51] {larisa} 10 more minutes
[15:52] {larisa} 120
[15:52] {Threei} yeah, 9 min is plenty for this animal
[15:52] {larisa} Fear and panic will drive it, best drivers :)
[15:53] {larisa} I feel like magoo with all these targets :)
[15:53] {Threei} FUD
[15:53] {Threei} Fear, Undcertainty, Doubt
[15:54] {strider} LVS you jerk
[15:58] {nemo} wow
[15:58] {Threei} uh oh
[15:59] {nemo} who are the idiots
[15:59] {Threei} good spelling, here I come
[15:59] {strider} I can see Larisa's head growing dfrom here.
[15:59] {nemo} of course, when it hits 129 on Monday
[15:59] {Threei} for how long Larisa??
[15:59] {magoo} i was 1..out .76
[15:59] {larisa} 119 - 3 days, 120- 1 week
[15:59] {nemo} where were you in .50?
[15:59] {Threei} 3 days...
[16:00] {Threei} it's what
[16:00] {Threei} Monday
[16:00] {Threei} the Tuesday
[16:00] {Threei} then
[16:00] {fernp} that's almost torture
[16:00] {Threei} and then the day I won't spell anymore during next three days
[16:00] {bkhmd} good night good weekend all
[16:00] {bkhmd} thanks for the lesson vad
[16:00] {magoo} ty vad..everuone
[16:00] {larisa} bye :)
[16:00] {Threei} OK guys, thank you all
[16:00] {Threei} glad this week is over
[16:01] {nemo} cya
[16:01] {Threei} not an easy one by any means
[16:01] {fernp} next week will be better
[16:01] {fernp} have a nice weekend everybody
[16:01] {Threei} it ought to
[16:01] {Threei} have a great relaxing weekend
[16:01] {Threei} see you on Monday
[16:02] {lasertrev} have a good weekend all