Monday, December 21, 2009

Dec 21 2009

Sloooow but profitable day. Not much but enough to justify waking up.

Session Time: Mon Dec 21 00:00:00 2009

[08:30] {Threei} Chicago Fed Nov National Activity Index: -0.3 v -1.08 prior
[08:30] {nemo} yawn
[08:31] {Threei} totally
[08:35] {Raven} lol
[08:44] {fernp} Good morning everybody
[08:46] {Threei} fern :)
[08:46] {nemo} Que tal
[08:47] {fernp} todo va bien :-)
[08:47] {nemo} siempre bien.
[08:56] {Les} Morning :)
[08:56] {Threei} les :)
[08:57] {Les} right, lets talk about last trade for friday if you don't mind
[08:57] {Les} since you guys talked about it without me...
[08:57] {Les} :P
[08:58] {Threei} what else could we do if you left faster than we said a word
[08:58] {Les}
[08:58] {Les} 1st question
[08:58] {Les} trigger was .65 b/d. I bought at .65, fearing a drop into trigger - which subsequently happened
[08:59] {Les} is buying at this point your definition of aggressive entry?
[08:59] {Threei} me lost
[08:59] {Threei} bought?
[08:59] {Threei} it was a short
[08:59] {Les} ok ok
[08:59] {Les} shorted
[08:59] {Les} my bad
[09:00] {Threei} you shorted .65?
[09:00] {Threei} not how I remember it
[09:00] {Threei} you shorted higher
[09:00] {Les} yes. note how small bounce ensues following short before the stock drops
[09:00] {Threei} which was aggressive entry
[09:01] {Threei} re read whbat you said... it makes no sense
[09:01] {Threei} [08:58] {Les} trigger was .65 b/d. I shorted at .65, fearing a drop into trigger - which subsequently happened
[09:01] {Les} ok clarification required
[09:01] {Les} is .65 the trigger. or when the stock ticks down to .64?
[09:02] {Threei} I don't remember what it was fo this particular case
[09:02] {Threei} but it doesn't matter much
[09:02] {Threei} you shorted before any of that was reached
[09:02] {Les} I called .65 trigger, you said yes
[09:02] {Threei} and you shorted somewhere above .70
[09:03] {Les} no no no
[09:03] {Threei} which was, yes, aggressive entry
[09:03] {Les} I told you I was in when it was .70
[09:03] {Les} i had shorted at .65, at 2:27pm or thereabouts
[09:03] {Les} stock bounced back to .70, then dropped to .50
[09:03] {Threei} then you asked me after you shorted
[09:04] {Les} asked you what?
[09:04] {Threei} whether .65 short is valid
[09:04] {Threei} because between your question and your report of entering it didn't touch .65
[09:05] {Les} yes it did
[09:05] {Threei} it dropped to and under after you said you were in
[09:05] {Threei} which was why I asked whether you took aggressive entry
[09:06] {Les} ok, so I shorted at .65, its on my trade log, so it is not aggressive entry
[09:06] {Threei} no, it's not
[09:06] {Threei} and .85 is not the right stop,
[09:06] {Threei} it had resistance at .80
[09:07] {Threei} so you shorted before you asked me
[09:07] {Les} what difference?
[09:07] {Threei} huge
[09:07] {Les} why?
[09:07] {Threei} I am looking at different chart than the one you ,looked at when you enterted
[09:07] {Les} hmmm
[09:08] {Threei} to exaggerate an effect even more,
[09:08] {Threei} imagine that the stock went to .90 after your entry
[09:08] {Threei} and you ask me whether .65 is a triiger
[09:08] {Threei} would m y answer still be the same?
[09:09] {Les} I didn't fear reversal immediately after entry...
[09:09] {Threei} now,
[09:09] {Threei} after you asked me,
[09:09] {Threei} I looked at the chart
[09:09] {Threei} and saw a resistance at .80
[09:09] {Threei} because a stock bounced AFDTER your wentry
[09:09] {Threei} and never went above .80
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:10] {Les} ok so you use the very last bounce as stop do you?
[09:10] {Threei} meaning, the p,ay I was answering you about is a different play than the one you envisioned when entered
[09:10] {Threei} that was the case in this situation
[09:10] {Les} ok, so I shouldn't have looked at the largest bounce prior to entry as stop?
[09:10] {Threei} and this bounce happened after your wentry and before my answer
[09:11] {Threei} I don't know - we are talking about two different plays now
[09:11] {Les} I was looking at previous bounce to .85 to place my stop. this was wrong?
[09:11] {Threei} and I never looked into one you describe now
[09:11] {Threei} [09:11] {Threei} I don't know - we are talking about two different plays now
[09:11] {Threei} 09:11] {Threei} and I never looked into one you describe now
[09:11] {Les} ok. I understand the play that you are envisioning
[09:11] {Threei} see, you are looking at things as if they were static
[09:11] {Les} so decisions for stops can be made with the very last bounce before entry, can they?
[09:12] {Threei} I don't know
[09:12] {Threei} if I looked into play you are describibng now
[09:12] {Threei} I might have seen something different, like for instance:
[09:12] {Threei} no play at all because it dropped from .85 to .65 too sharply
[09:13] {Les} ok, stock is too bouncy for what you define as appropriate setup?
[09:13] {Threei} or maybe there were some bids and offers that had to be accounted for
[09:13] {Threei} I don't know
[09:14] {Threei} you are asking three days later about something that might or might not be there
[09:14] {Threei} but here is something for you to look into:
[09:14] {Threei} the play I answered you about was:
[09:14] {Threei} .65 entry,
[09:14] {Threei} .80 stop,
[09:15] {Threei} and this one dropped to .50, giving you 1:1
[09:15] {Les} yes I know
[09:15] {Les} but didn't know that your stop differed to mine
[09:15] {Les} so I understand that stop was too generous, too large
[09:15] {Threei} see now how outcome changes dependent on the play stricture?
[09:15] {Les} just my opinion
[09:15] {Les} yes
[09:15] {Threei} no
[09:15] {Threei} not justr too large
[09:15] {Threei} it was from a different play altogether
[09:16] {Threei} you played one while asked about another
[09:16] {Threei} look at the log,
[09:16] {Threei} and you'll see this:
[09:16] {Threei} after you reported entry and stop
[09:16] {Threei} I asked whether you took aggresiive entry
[09:16] {Threei} you know why?
[09:17] {Les} I do know
[09:17] {Les} now
[09:17] {Threei} because your stop didn't match the play I saw,
[09:17] {Threei} so,
[09:17] {Les} yes I see
[09:17] {Threei} what I was thinking at the moment:
[09:17] {Les} was different from me
[09:17] {Threei} you entered aggressively,
[09:17] {Threei} and used wider stop, because you got better price and thought you have more room
[09:17] {Threei} which is wrong way to do it
[09:18] {Les} yes I understand...
[09:18] {Threei} so I wanted to give you a running comment
[09:18] {Les} I would not have matched .70 entry with .85 stop
[09:18] {Threei} so did fern
[09:18] {Les} but I had entered at .65
[09:18] {Threei} but it was before you asked, so we already talked about different plays
[09:19] {dino} ogxi strange
[09:19] {strider} morning everyone..
[09:19] {Les} so using bounce from 2 - 2:15pm is a statics setup not suitable for a trade happening 15 minutes later
[09:19] {Threei} strider :)
[09:19] {Les} st
[09:19] {Les} dino
[09:20] {Threei} maybe. maybe not - depends on what happened meanwhile
[09:20] {Les} k
[09:20] {lasertrev} hi
[09:20] {Threei} btw, looking at your entry at 2:27,
[09:20] {lasertrev} all
[09:21] {Les} LT
[09:21] {Les} yeh
[09:21] {Threei} I see .80 as a resistance already
[09:21] {Threei} trev :)
[09:21] {Les} so do I now
[09:21] {Threei} well... good flight review then
[09:22] {dino} fwiw, markets close at 1:00 thursday, closed all day friday
[09:23] {dino} bucy up big
[09:24] {Les} what's special today?
[09:24] {strider} watching anything, vad?
[09:24] {Threei} yeah... les' friday trade
[09:24] {Threei} smilet face
[09:25] {Les} oh piss off
[09:25] {Les} smiley face implied
[09:25] {Threei} les, you are drunk or what
[09:25] {Les} hey, its a joke...
[09:25] {Les} next item of the day
[09:25] {Threei} ok, what the deuce with OGXI
[09:26] {Threei} OncoGenex Pharmaceuticals, Inc Signs license agreement with TEVA to develop and commercialize multiple oncology indications; Will receive $60M initial payment
[09:26] {Threei} - Teva and OncoGenex Pharmaceuticals announced today that they have entered into a global license and collaboration agreement to develop and commercialize OGX-011, as well as an agreement to purchase shares in OncoGenex.
[09:26] {Threei} - Under the terms of the collaboration and share purchase agreements, Teva will provide OncoGenex with a $60M initial cash payment, which includes a $10M equity investment in OncoGenex common stock at a price of $37.38 per share, upfront payment of $20million and prepayment of $30M for OncoGenexs contribution to the development costs of OGX-011.
[09:26] {Threei} how does it transpire into 7 points drop?
[09:27] {dino} thats why i brought it up
[09:27] {magoo} morning
[09:27] {Threei} mags :)
[09:27] {strider} morning magoo:)
[09:28] {Les} mags
[09:30] {magoo} ATHX
[09:31] {magoo} AA
[09:31] {Les} fcx as well
[09:32] {Threei} everything
[09:32] {Threei} market spiked, so most of stocks
[09:32] {Threei} look at RIMM
[09:32] {Threei} 70 cents
[09:32] {dino} i don't get ogxi
[09:32] {nemo} amzn
[09:32] {Les} fcx might be a dbi if it continues
[09:32] {dino} esrx spike
[09:33] {Threei} dbi?
[09:34] {Les} oops sorry wrong setup
[09:34] {Threei} AA
[09:34] {Threei} watch for pullback,
[09:35] {Threei} entry around .20 - .25 if drops there fast
[09:35] {Threei} RIMM{ watching for .50 - .60 entry
[09:35] {fernp} XCO , Vad?
[09:35] {nemo} why is spy up so much...snap back?
[09:36] {Threei} very nice daily for a break fern
[09:36] {fernp} ok i'll try .40 break
[09:39] {dino} wag
[09:39] {Threei} Long Setup: BRCM .90
[09:40] {dino} kss
[09:40] {Threei} dinner and a movie first, dino
[09:40] {Les} nice one
[09:40] {nemo} amzn
[09:41] {dino} lol
[09:41] {Les} now we're being funny...
[09:41] {dino} ::)
[09:42] {nemo} BRCM still valid?
[09:43] {Threei} .75 is invalidation level for it
[09:43] {nemo} wfm
[09:44] {ese} morning
[09:44] {Threei} ese :)
[09:44] {nemo} you sure?
[09:45] {dino} ths, buying out and goes up
[09:46] {nemo} crm
[09:47] {magoo} ogxi vad HAMMERED
[09:47] {Threei} scroll up mags
[09:47] {Threei} we exchanged on it
[09:47] {magoo} nope
[09:48] {Threei} and expressed utter puzzlement
[09:48] {Les} kss looking good
[09:48] {nemo} gld coughing up furball
[09:48] {Threei} if it drops 9 points on cooperation witn TEVA, good thing it never signed up on cooperation of Pfitzer
[09:48] {nemo} mon dropping
[09:49] {Threei} it would have been decimeated to single digits
[09:49] {dino} wag beats and drops
[09:49] {Threei} Short Setup: GLD .65
[09:50] {nemo} end of year Steve Miller play
[09:50] {fernp} XCO trying to break
[09:50] {Threei} stop above .80
[09:50] {magoo} over point bounce OXGI
[09:51] {Threei} no go GLD
[09:51] {nemo} is brcm invalidated by boredom?
[09:51] {fernp} lol
[09:51] {Threei} lol
[09:52] {nemo} :)
[09:52] {magoo} no laughing..i need complete focus on BRCM :)
[09:52] {nemo} oooohhhhhhhh.....touchy
[09:52] {Threei} sorry mags
[09:52] {Threei} no one says a word until BRCM triggers
[09:53] {Threei} (that should keep us all silent for couple weeks)
[09:53] {nemo} NASCIH
[09:53] {Threei} CSIQ lost its mind
[09:54] {Threei} Long Setup: AONE 20 break half lot
[09:54] {Threei} stop under .85
[09:54] {nemo} damn
[09:55] {dino} rino sm l .35
[09:56] {dino} stop .98
[10:01] {Threei} frikin GLD
[10:01] {fernp} cruel
[10:02] {fernp} BRCM guys
[10:02] {nemo} yeah, in
[10:03] {Les} can we tighten stop from original call vad?
[10:03] {Threei} I think so, it consolidated above .80 long enough
[10:04] {nemo} huge order .95
[10:04] {nemo} offer
[10:04] {Threei} good
[10:04] {Threei} should spike nicely upon breaking it
[10:05] {Threei} this starts looking like low volume climb day
[10:05] {nemo} ecept it's up big already
[10:05] {Threei} one of those relentless up up and up
[10:06] {Threei} GS Rochdale's Bove warns that a forthcoming article in Bloomberg magazine will attack Goldman Sachs for avoiding certain taxes for years (timing uncertain)
[10:06] {strider} OGXI
[10:06] {Threei} lol
[10:06] {Threei} this is so werid
[10:07] {Les} Information warfare on wall st.
[10:07] {Threei} Fed's Evans: 2010 growth estimated at 3-3.5% - CNBC (related TLT EUR/USD USD/JPY )
[10:08] {nemo} where stop on brcm now?
[10:08] {Threei} under .80
[10:10] {Threei} I reread OGXI news for the third time
[10:10] {Threei} I give up
[10:10] {ese} L fitb .99
[10:10] {strider} big offer at .15 AONE
[10:10] {Les} GLD
[10:11] {nemo} amzn
[10:11] {dino} same here 3i, no sense to it
[10:11] {Threei} good thing TEVA paid only 60 mil
[10:11] {dino} one of those "anything can happen"
[10:11] {nemo} huge orders amzn at 132
[10:11] {Threei} OIGXI would go pink sheets if TEVA paid 100 mil
[10:11] {nemo} fakeouts?
[10:12] {Threei} we will know when first buys go at that price
[10:12] {strider} out +.64 OGXI
[10:12] {nemo} seving as roof
[10:13] {Les} nice st
[10:13] {Les} out BRCM .99 undercut huge offer at 32
[10:13] {strider} out +.14 AONE
[10:13] {magoo} good 1
[10:13] {Threei} guys, I'll leave it to your discretion to wait for .15 break on AONE or take profit or partial here
[10:14] {Threei} whatever you choose, stop is trailed to .90
[10:14] {strider} out +.13 BRCM from early entry
[10:14] {Threei} over 1:1 AOPNE
[10:14] {Threei} AONE
[10:14] {magoo} im waiting at .40 area vad AONE
[10:14] {ese} if qqqq can't break 45 soon then i'm outta fitb
[10:15] {Threei} I'd call you crazy mags, but I hate to state the obvious
[10:15] {Threei} wait
[10:15] {Threei} I love to state the obvious
[10:15] {Threei} you are crazy
[10:15] {nemo} amzn blew through 132
[10:15] {fernp} 1:1 XCO
[10:15] {Threei} didn't watch it nemo... were offers real?
[10:15] {nemo} yes
[10:15] {Threei} or they canceled?
[10:16] {Threei} ok
[10:16] {Threei} wtg fern
[10:16] {fernp} ty
[10:16] {Threei} AONE 1:2
[10:17] {Threei} nice going strider
[10:17] {nemo} 1/2 out brcm
[10:17] {strider} :)
[10:17] {Threei} BRCM... offers at 32 are chinese wall
[10:17] {nemo} yeah, could take a while
[10:17] {Les} means what?
[10:18] {nemo} Les thing "Great Wall of China"
[10:18] {Les} yeh, not sure if we're talking chinese wall ala wall st style...
[10:18] {Les} you know, fake walls
[10:18] {Threei} by itself, just that it's a level of big decisions
[10:18] {dino} fds sm l .59 stop .29
[10:18] {nemo} those are Potemkin Villages Les
[10:18] {Threei} whether it's going to be taken or not is not known
[10:19] {fernp} out BRCM ty Vad
[10:19] {Threei} welcome
[10:19] {Les} sorry nemo, just wiki'd your reference there
[10:19] {Les} you saying that BRCM is fake offer?
[10:20] {nemo} no, because there are so many of them
[10:22] {Threei} here comes .40 on AONE for Magoo the Crazy
[10:22] {magoo} crazy like a fox :)
[10:22] {Threei} Alexander the Great... Ivan the Terrible... Magoo the Crazy
[10:23] {Les} gotta hand it to him. mags gets what he wants
[10:23] {magoo} out .44 TY
[10:23] {Threei} welcome sir
[10:23] {Threei} I never said he was wrong les... just that he was crazy
[10:23] {Les} gld bounce before b/d?
[10:23] {magoo} and even with his comments, i stay the course
[10:24] {Les} for the rewards on offer, I can dig Vad's cheek
[10:24] {Threei} never said you shouldn't... just qualified you as a type
[10:24] {magoo} was laid out there .44..hit the top
[10:24] {magoo} LUCKY
[10:25] {ese} vad opinion please.......this market strong enough to give fitb a push....or are you finding it a litl weak
[10:26] {Threei} my feeling is, market will climb ever so slowly throughout the day
[10:26] {magoo} imo..strong mkt
[10:26] {ese} effect?
[10:26] {nemo} amzn
[10:26] {magoo} ya ya
[10:26] {magoo} santa coming
[10:27] {Les} GLD b/d coming?
[10:27] {Threei} no idea on GLD
[10:27] {ese} i'm thinking that.......then it tanks in the new year.....anyone of that opinion
[10:27] {Threei} Christmas budget:
[10:27] {magoo} i am
[10:27] {Threei} photo with Santa: $10
[10:28] {Threei} photo with Santa helper: $2.500 to keep it off youtube
[10:28] {Les} ?
[10:29] {Les} sounds like a mastercard ad
[10:29] {Threei} sigh... is it THAT deep?
[10:29] {Les} ...priceless
[10:32] {Threei} GLD, snapback is more likely here
[10:32] {Threei} no call
[10:32] {Les} yeh fcx just did that
[10:32] {Threei} just a running commentary
[10:32] {Les} was wandering about long 77.
[10:32] {Les} woulda worked
[10:33] {nemo} brcm looks like it's losing steam
[10:33] {strider} long HOG .85, stop lod
[10:33] {Threei} snapback it is
[10:34] {Threei} .20 recross was it on GLD
[10:34] {Threei} don't want to call it until I feel I restore grip on it
[10:34] {Les} fine, I need stronger calls than I've been playing myself
[10:36] {ese} l bucy .04
[10:36] {Threei} you took those we had so far?
[10:37] {ese} out bucy .23
[10:37] {ese} +.19
[10:37] {Threei} nice break/spike
[10:38] {Les} BRCM worked nicely ty
[10:38] {ese} tks
[10:38] {Threei} no AONE?
[10:39] {Les} no, by accident bought BRCM early.
[10:39] {Les} modified my one click preferences...
[10:40] {Threei} White House plans to "routinely fine airlines" for any lengthy delays on the tarmac - WSJ
[10:40] {Threei} that's right
[10:40] {Les} lol, during this winter?
[10:41] {Threei} let's get them into the ground for good
[10:41] {Les} how is the weather by the way?
[10:41] {Threei} will help environment too
[10:41] {Threei} enough with this flying around
[10:41] {ese} fitb....driving me nuts
[10:41] {Threei} if god wanted us to fly...
[10:42] {Threei} les... weather where?? :)
[10:42] {Les} your way
[10:42] {Threei} in our neck of the wood is a beauty
[10:42] {Threei} warm... light drizzle
[10:42] {Les} over here, lovely powder. kids equipped with skis today
[10:42] {Threei} east coast is totally different story
[10:42] {nemo} we have 2 feet of snow and sub zero wind chill
[10:43] {Les} so its all east coast?
[10:43] {Threei} yes
[10:43] {Les} FCX gunning for hod
[10:45] {magoo} 23 inches of snow fell in philadelphia this weekend
[10:45] {fernp} sunny here, as always
[10:45] {magoo} temp in teens faren
[10:46] {Les} back later
[10:49] {ilana} RIMM .60 breakdown?
[10:52] {Threei} no clear read
[10:56] {nemo} out brcm
[11:00] {dino} hl l apol .49
[11:00] {dino} stop lod
[11:06] {Threei} NVDA...
[11:07] {Threei} 17.10 break was so perfect
[11:07] {Threei} how come I haven't noticed it at the time
[11:08] {nemo} .41 break looks good
[11:09] {dino} apol stopped -.25
[11:10] {strider} WY interesting
[11:11] {ese} Lbucy .00
[11:12] {ese} out bucy .14
[11:13] {nemo} nvda beginning to chew through .40 level
[11:15] {nemo} chewed through and stopped
[11:16] {ese} thats a nice trading stock bucy.......volitility .02 is not to huge yet when it breaks out it gives you want you want quickly and orderly......1500shs lots work well
[11:19] {magoo} AONE spike
[11:23] {ese} that the ipo where the ceo shot himself in the foot the first day that it traded.......talking about diluting the float with another public offering
[11:24] {nemo} missed crm break, damn
[11:26] {Threei} can't remember ese... someone did that but I am not sure it was AONE
[11:27] {ese} ya can't remember either.......just making conversation with not much going on
[11:34] {ese} fitb is gonna take of here at some's just bloody when!!!
[11:40] {Threei} is it a perfect freeze or what
[11:45] {strider} stoppedd HOG -.13
[11:46] {Threei} strider... I suspect this stock has some em otional appeal for you
[11:46] {strider} It does as a short :)
[11:46] {strider} Like you with gld....
[11:47] {Threei} well, my general directional bias is right on GLD
[11:47] {Threei} look at it move ever since I said it was to crash and burn
[11:48] {Threei} it's particular method iof trading it with which I have difficulty
[11:48] {strider} mine is right with HOG, too. I was playing against that. didn't work.
[11:48] {nemo} you gonna' play that Johnson motorcycle IPO strider?
[11:50] {strider} I think I'll pass on commenting on that one.:)
[11:52] {strider} But it's obviously a long.
[11:58] {Threei} someone poured a lot of superglue on the SPY today
[11:58] {Threei} and QQQQ
[12:01] {magoo} dam FCX
[12:03] {Threei} hey... ese'ds FITB moved 1 cent
[12:04] {nemo} you like cat short if breaks .45, stop above .52?
[12:05] {Threei} I like long on .52 break with stop under .45 even more
[12:05] {strider} APOL spike
[12:06] {Threei} over 1:1
[12:07] {dino} last try apol hl l .51
[12:07] {Threei} anyone went for CAT, get out
[12:13] {strider} hmm......long DEER from 10.35 in pre-market. what to do....what to do.
[12:14] {strider} see if it will break 11.
[12:15] {ese} hey vad......just saw that.......was downstairs...someone is fixing out electrical service today
[12:15] {strider} ese, DRYS sure is dead in the water.
[12:15] {strider} And I'm under it.
[12:16] {Threei} you have whole 3 cents move ese
[12:16] {Threei} this is no small feat today
[12:17] {ese} sure is ST.......i still have a positon there at's a longer term time there
[12:18] {strider} I'm at .42. No clear support between here and 5.66.
[12:19] {ese} might just take my 4 cent move and call it a day vad vad
[12:20] {Threei} hey, it's 5 already
[12:20] {Threei} you are richer than you think
[12:20] {ese} oh....wait a minute....some movement........WOW! another .01
[12:21] {ese} have 20k of this sloth's a nice day
[12:21] {Threei} :)
[12:22] {ese} out 1/2 +.05
[12:24] {ese} rest is gravy......stop to break even.99
[12:25] {dino} gj
[12:26] {ese} tks
[12:29] {Threei} losers in current healtcare bill: tan salons, new tax,
[12:29] {Threei} generic drug manufacturers
[12:30] {Threei} indivividuals making more than 200K and couples - more than 250K
[12:31] {nemo} rimm at pivot support
[12:32] {strider} not any more.
[12:33] {nemo} what? Precious Steinway?
[12:34] {strider} WLP drop on news
[12:36] {Threei} WLP Connecticut AG requests Anthem health to leave contractual clauses as part of anti trust investigation
[12:36] {Threei} - AG claims the clauses negative4ly impact Charter Oak health plan (59.77, +1.46, 2.50%)
[12:36] {ese} hmmmmm thought fitb was gonna stop me out for balance of position......must be some strength there
[12:40] {strider} short WLP .61
[12:40] {ese} hey nemo........what are you going to do without your tannin salon appointment every'll go crazy
[12:40] {nemo} I'm the last person you'd catch in one of those
[12:40] {nemo} dork
[12:40] {ese} rotflol
[12:41] {Les} AWIAV?
[12:41] {Threei} in the money and in coma
[12:41] {Les} sounds good
[12:41] {Les} volume today?
[12:42] {Threei} also, nemo is in tanning salon as we speak
[12:42] {Les} trading with what?
[12:42] {ese} ya.......he tried to deflect ture intentions but it didn't work
[12:42] {ese} true
[12:43] {Les} wfc
[12:43] {ese} were all onto's no secret
[12:43] {Threei} and ese is in local branch of his bank, trying to see if they give him cash advance for his 2010 trades
[12:43] {ese} ha ha
[12:44] {Threei} magoo is kind of half n' half... his upper half in in dino's fridge, consuming last of dino's beer
[12:44] {Les} I wanna know how that works...
[12:45] {Threei} we will never know Les
[12:45] {Threei} if it works, ese is going to spend the rest of his life on unnamed islands
[12:45] {ese} vad.......this is good............ doing one of them trading year in review for this board.........
[12:45] {Threei} enjoying beaches and drinks with umbrellas
[12:45] {Les} he should become trader for AIG
[12:46] {dino} lol
[12:46] {Threei} he claimed such profits for his future trades that if he caszhes out on them, we will never hear from him again
[12:46] {ese} think Enron
[12:47] {ese} will cut off nemos power supply and then he will be forced to do the tanning sallon
[12:47] {Threei} if he can do whole salon, why he even needs that tan...
[12:48] {strider} RIMM breakdown
[12:49] {ese} this is funny...just received from a friend on email....definition of FORD....."found on the road dead"
[12:49] {nemo} bounce at .20 or so maybe .40
[12:49] {ese} FIAT......"fix it again tony"
[12:51] {dino} 'dodge
[12:51] {dino} ' name, sort of a warning to oncoming traffic
[12:51] {magoo} jeep = just empty every pocket
[12:53] {ese} lol
[12:53] {Threei} lada - let's all drink... umm, last a is kind of useless
[13:02] {Les} Vad, GG/AUY bouncing with GLD. you read anything in them?
[13:03] {Threei} don't see any setups, and no volatility to speak of
[13:11] {Les} someone with toilet humour trying to get in...
[13:13] {strider} gee, that's not what I think of when I see the word "cubicle" misspelled.
[13:13] {Les} sorry, bad joke...
[13:13] {strider} :)
[13:18] {strider} short HOG .81
[13:18] {strider} stop .90
[13:22] {Threei} Short Setup: CAT .35
[13:22] {Threei} if stays under .45
[13:23] {fernp} you have forbidden short HOG, strider :-)
[13:24] {strider} hope to butcher it this time.
06[13:25] * Threei slaps nemo around a bit with a large Christmas tree, with decorations, lights and big sharp angel at the top
[13:25] {strider} you guys got the wrong impression about me and HOG....I think they should be shorted. Never had one myself.
[13:25] {nemo} imaginative
[13:26] {nemo} rice burner guy
[13:26] {strider} CAT in wally dated.
[13:26] {Les} pre-emptive?
[13:26] {fernp} LVS short if loses .55, Mr Graifer?
[13:27] {Threei} worth a try
[13:27] {fernp} ty
[13:27] {Threei} stop is narrow enough
[13:27] {Les} WMT Vad?
[13:28] {Threei} strider, think of us this way: every time we are lucky to stumble onto wrong impression we hold on to it for dear life, insist on it being right and generally enjoy all ther fights we can get into defending that impression
[13:28] {Les} hmm and here I thought we were different from wall st and washington...
[13:28] {strider} OK .. then I'm in the right place. :)
[13:28] {Threei} I like WMT chart for long, I just doubt we can get resolution before the day is over
[13:29] {Les} ok
[13:29] {Threei} we are very different les
[13:29] {Threei} difference is:
[13:29] {Threei} we do it for the love of having an opinion
[13:29] {Threei} we don't change it depending on who pays
[13:29] {Les} :D
[13:30] {Threei} and we don't even care abput opinion so much as we love to fight
[13:30] {fernp} strider... you should buy a HOG
[13:30] {Les} well I might put a small stop on WMT and let it go while doing dinner...
[13:30] {Threei} what is the first thought I have seeing that huge Chritsmas tree
[13:30] {Threei} why, slap nemo woth it of course
[13:31] {Les} what tree?
[13:31] {Threei} scroll up...
[13:31] {Threei} to 13:25
[13:31] {strider} short LVS .53
[13:32] {strider} missed the right entry
[13:32] {Threei} by just one cent
[13:32] {Threei} no biggie
[13:36] {strider} has the world stopped?
[13:36] {Threei} anf the Earth stood still
[13:37] {strider} LVS stop a over .60?
[13:37] {strider} or .58
[13:37] {Threei} yes
[13:38] {nemo} rimm vad?
[13:38] {nemo} s or l
[13:39] {Threei} n
[13:39] {Les} read on BIDU Vad?
[13:39] {nemo} look at order at .60 and .59 on rimm
[13:39] {Threei} joke?
[13:40] {nemo} bids
[13:40] {nemo} it's Les, Vad
[13:40] {Les} ?
[13:40] {strider} HOG won't start.
[13:40] {Threei} oh you are serious...
[13:41] {Les} ok I get it
[13:41] {Les} sorry
[13:41] {Les} wow it has a nice range though...
[13:42] {Threei} uhhu... and 60 cents spread
[13:42] {Les} CAT coming back into play?
[13:42] {Threei} and moves a full dollar in one bar
[13:43] {Threei} not unless it spends about 5 min more in the range
[13:43] {Les} k
[13:49] {strider} I must be doing something right, cause I got 3 open, and it sure is boring.
[13:52] {Threei} how does it translate into doing something right?
[13:53] {strider} exciting is bad/boring is good.
[13:54] {Les} this, from a man who rides a huge motocycle?
[13:54] {strider} that's supposed to be exciting. this isn't.
[13:55] {Threei} good point
[13:56] {Les} really? I don't need to jump out of planes now I have trading...
[13:56] {strider} however, in the middle of bragging about doing something right.....I do have 3 shorts open. This is probably not a good thing.
[13:56] {Les} am I doing something wrong?
[13:57] {Threei} hard to tell at this stage
[13:57] {Threei} but if you are still this unbalanced in a year - sure indication of doing everything wrong
[13:57] {dino} strider same here
[13:58] {dino} lo ngs tho
[13:58] {dino} longs
[13:58] {Les} joke vad joke.
[13:59] {strider} wanta throw in together, dino...maybe we can break even?
[13:59] {dino} lol
[14:00] {dino} fds to .89 all day
[14:00] {dino} out +.29 fds
[14:01] {Les} gj
[14:02] {dino} apol to .72
[14:02] {dino} rino to .30
[14:03] {dino} back to sleep
[14:03] {Les} where you finding these stocks dino?
[14:03] {Les} gotta scanner?
[14:03] {dino} posted this a.m.
[14:04] {dino} find them on scanners and leftovers from last weeik big movers
[14:04] {dino} usually i will play big movers for a few days of trades
[14:05] {dino} apol to .79
[14:05] {dino} out apol, +.28
[14:06] {dino} and then there was one...rino
[14:10] {strider} FDO Family Dollar named a sell Research Tactical Idea at Morgan Stanley
[14:10] {strider} Morgan Stanley expects shares to fall near-term.
[14:17] {nemo} rimm .91 break stop under .80?
[14:17] {magoo} fly o n the urinal more like it
[14:17] {dino} lol
[14:18] {ese} do do do do about being out to lunch ....didn't even know i was logged out
[14:19] {Les} ROK
[14:19] {strider} stopped LVS
[14:20] {Les} Vad, X retesting .25 support? good for a long?
[14:20] {Threei} ?
[14:21] {Threei} I see it at high 30s
[14:22] {Les} yeh, I should've just gone long. It briefly returned to the b/o trigger
[14:22] {strider} don't like the looks of HOG
[14:22] {Threei} {HOG} well... I may not be very pretty... but you like bacon, don't you
[14:23] {strider} mmmmm.......good
[14:23] {strider} chart just looking like a long now.
[14:27] {dino} zzzzzzzzzzzzzzzzz
06[14:30] * strider slaps dino around a bit with a large Master Profit Plan
[14:30] {strider} just something to wake you up.
[14:31] {Les} SNDK?
[14:32] {Threei} rather up
[14:32] {Threei} but
[14:33] {Threei} see how there is just no movement anywhere?
[14:33] {fernp} XCO looks like long if breaks .65 (i think)
[14:34] {ese} eyeing bucy again
[14:42] {ese} air meeking some ah deem dare moneys on de second 1/2 of moi fitb position
[14:43] {Les} MHS for a beautiful descending triangle
[14:43] {strider} stopped WLP..from a long time ago.
[14:43] {strider} 2 down, 1 to go.
[14:44] {ilana} HGSI
[14:52] {dino} rino to .59
[14:54] {Threei} ok ese
[14:54] {Threei} I tried 6 experts in 11 different languages
[14:54] {Threei} they all gave up
[14:55] {ese} out fitb .11 =}12
[14:55] {ese} +.12
[14:56] {ese} huh....languages for what
[14:56] {ese} ahhhhhhh my previous post
[14:57] {ese} in english i made 12pt on 10k
[14:57] {ilana} RIMM double bottom?
[14:58] {Threei} more or less... I'd prefer entry on pullback to .50
[14:58] {ilana} in .47
[15:00] {ilana} out .62
[15:00] {dino} stopped/out rino .59, +.24
[15:01] {strider} short HOG av. 79, stop b/e
[15:01] {ilana} ahh RIMM
[15:02] {ilana} pesky scalper regret
[15:02] {dino} ths slow rollover
[15:05] {strider} out 1/2 HOG +.11
[15:09] {dino} gj
[15:11] {strider} thanks, dino.
[15:11] {dino} np
[15:17] {Threei} ilana... no regrets anymore about exiting RIMM eh?
[15:17] {nemo} think .40 important level?
[15:17] {ilana} no... pesky scalpers win
[15:18] {Threei} {fern} they so do
[15:18] {Threei} not really nemo... will do whatever market does, RIMM won't have a mind of its own today
[15:23] {magoo} hey vad..look at SNS lol
[15:23] {magoo} reverse spit
[15:27] {Les} GLD setting up for a b/d?
[15:28] {strider} out HOG last half +.15
[15:30] {fernp} wtg
[15:32] {strider} thx fern. This is my best day thus far.
[15:33] {strider} Holding DEER overnight.
[15:33] {fernp} happy to know that :-)
[15:33] {strider} It's actually in swing trading acct.
[15:33] {strider} yeah:)
[15:33] {Threei} eeck
06[15:34] * Threei sells 100K SNS he had overnight
06[15:34] * Threei retires
[15:35] {strider} Three shares his good fortune with strider.
06[15:35] * Threei says resounding NO to all suggestions to share anything with anyone
06[15:35] * Threei reasures everyone present he knows no their names
[15:36] {strider} {-------sends some of his 'people
[15:36] {strider} to Vad's house.
[15:36] {Threei} good luck finding anyone at my house within next 15 minutes
[15:37] {Threei} anyway, strider, congratulations on a good trading day
[15:37] {Threei} things start clicking together gradually?
[15:37] {strider} thank you.
[15:37] {Threei} two winning weeks,
[15:38] {strider} well.......don't want to get too self-assured.
[15:38] {Threei} win today, when the market is so stalled
[15:38] {Threei} no
[15:38] {Threei} no need to rest on laurels
[15:38] {strider} ouch!
[15:38] {Threei} but gotta give improvement the ackonowledgment
[15:38] {strider} oh, yeah. It's a different world.
[15:39] {Threei} espousing eluciation doesn't come easy
[15:39] {Threei} but pays off
[15:39] {Threei} as eschewing obfuscation becomes easier
[15:39] {strider} Much of my improvement has come from trade management.
[15:40] {dino} affy
[15:40] {Threei} and where did the rade management come from?
[15:40] {dino} darn, distracted missed ths s
[15:40] {Threei} trade
[15:40] {strider} developing cold-blood.
[15:41] {Threei} there
[15:41] {strider} Staying with the plan.
[15:41] {Threei} and that comes from
[15:41] {dino} glad to see it strider
[15:41] {strider} believing in the system.
[15:42] {strider} or...just not giving a ***
[15:42] {strider} :)
[15:42] {Threei} all of that
[15:42] {dino} lol, "your edge" is the key
[15:42] {Threei} but the common root, or denominator for them all,
[15:42] {Threei} general underatanding of what market is, what trading is about
[15:43] {Threei} when it comes the rest becomes jujst details
[15:43] {Threei} see a deviation, correct it
[15:43] {Threei} and let the nature take its course
[15:43] {Threei} while your own behavior is structured in tune with it
[15:43] {dino} gotta hop early, son's b-ball game, cya
[15:43] {Threei} so it takes you with it
[15:43] {strider} see ya, dino.
[15:43] {Threei} take care dino
[15:44] {dino} :)
[15:44] {strider} After Xmas, I want to bump my shares a bit. Still not trading large enough to make a meaningful amount of money.
[15:45] {Threei} don't worry about it
[15:45] {strider} yeah.
[15:45] {Threei} when things align right,
[15:45] {Threei} it will happen by itself
[15:45] {Threei} You won't even think about it
[15:45] {Threei} simply start trading righgt
[15:45] {Threei} then everything will be so natural
[15:46] {strider} I think that's right, cause I've given myself permission to trade larger than I am.....but when the time comes, I scroll back on the shares.
[15:47] {Threei} let me give you a quick example
[15:48] {Threei} 2 months ago, were you trading in cold blood, calm and in control, or were you unbalanced, emotional and genetrally not in commander seat?
[15:48] {strider} not in control....
[15:49] {Threei} ok, now
[15:49] {Threei} if at that point
[15:49] {Threei} I'd telll you, or you'd tell yourself
[15:49] {Threei} hey, be calm, be cool, be in conmtrol
[15:49] {Threei} would it change anything?
[15:49] {strider} nope
[15:49] {Threei} of course not
[15:49] {Threei} why? and why it became possible now?
[15:50] {Threei} because at that point in time
[15:50] {ese} you all have a great rest of the day and i'll catch you tomorrow
[15:50] {Threei} and at that point of your tading career or learning curve
[15:50] {strider} see ya ese.
[15:50] {ese} st
[15:50] {Threei} take care ese
[15:50] {ese} vad
[15:50] {ilana} bye ese
[15:50] {Threei} you simply didn't have enough deeper understanding of the nature of the beast
[15:50] {Threei} but when this understanding become deeper
[15:51] {Threei} some issues started resolving seemingly by themselves
[15:51] {Threei} Not all of them found their resolution yet, sure
[15:51] {Threei} but this is the process
[15:51] {Threei} you can see it unfolding right in front of you
[15:51] {Threei} My task is facilitate it
[15:52] {Threei} yours - to coordinate with it, let it flow,
[15:52] {Threei} work on undersatnding step by step
[15:52] {Threei} in a year or so, new guy will come
[15:52] {Threei} express frustration
[15:52] {Threei} tell about how he can't seem to get any single day right
[15:53] {Threei} and you will suddenly realize that you were right there a year ago
[15:53] {Threei} and you are not there anymore
[15:53] {Threei} and you know what he is going through
[15:53] {Threei} and can tell him what to do next
[15:53] {strider} yep.
[15:54] {Threei} the only ones who don't get it right are those who can't ovecome their ego
[15:54] {Threei} they think they need to argue with me
[15:54] {Threei} as if I am here to prove soemthing to them
[15:54] {Les} godammit Vad, find me a trade!
[15:55] {Threei} yes sir
[15:55] {Threei} just a second sir
[15:55] {Threei} sorry sir
[15:55] {nemo} crm short les
[15:55] {Threei} or SNS long
[15:55] {Les} :P
[15:55] {Les} night all
[15:55] {fernp} bye Les
[15:55] {Threei} take care les
[15:55] {Les} I'll be the bugbear in your bed for the next two years at least vad...
[15:56] {Les} fly in your soup
[15:56] {Threei} ummm
06[15:56] * Threei puts machine gun next to his bed
[15:56] {Les} any any other expression of general nuisance that you can think of...
[15:56] {Les} ciao
[15:56] {Threei} I'll forgive you plenty under one condition
[15:57] {Threei} LEARN TO TRADE
[15:57] {strider} So, that's why you put up with nemo, huh?
[15:58] {Threei} that, and
[15:58] {ilana} have a nice evening, everyone
[15:58] {strider} night , ilana.
[15:58] {fernp} SOLF, i'm gonna hold some shares overnight. Let's see what happen
[15:58] {Threei} how do you say no to a guy who goes to the bar and returns with 3 (three) glasses of vodka?
[15:58] {strider} bwahahahahaha
[15:58] {Threei} take care ilana
[15:58] {Threei} true story strider
[15:58] {Threei} I have a photo
[15:58] {strider} And two of em are still full when he gets to the table?
[15:59] {nemo} witnesses too
[15:59] {Threei} all three are!
[15:59] {Threei} can you believe it?
[15:59] {Threei} I mean, two of us are drinking
[15:59] {Threei} and he brings three glasses?
[15:59] {strider} That's one thing. He could still carry three glasses of vodka.
[15:59] {Threei} this is my kind of people
[15:59] {nemo} then there was the JD
[15:59] {strider} juvenile delinquent?
[16:00] {Threei} lol
[16:00] {Threei} OK guys
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {nemo} It's from your neck of the woods Strider
[16:00] {Threei} see you tomorrow
[16:00] {strider} thank you vad.
[16:00] {nemo} P&Q
[16:00] {fernp} Good evening everybody
[16:00] {strider} Jack Daniels.
[16:00] {nemo} yeah, I came back with that on the 2nd round
[16:00] {strider} real whiskey.
[16:01] {strider} that, and George Dickel.
[16:01] {strider} Did they have assistants to get you to your room?
[16:02] {nemo} that was on the boat
[16:02] {strider} oh god.
[16:03] {strider} I got to take me wife to the grocery store. she got her car stuck in the yard in the snow. :(
[16:04] {Threei} yikes
[16:04] {nemo} what
[16:04] {Threei} long forgotten issue
[16:04] {Threei} snow
[16:04] {Threei} in yeards
[16:04] {Threei} yards
[16:05] {strider} my wife kind of forgot about it , too.
[16:06] {strider} I told her....don't pull into the grass and get stuck.
[16:06] {strider} So she decided to pull into the grass, but not get stuck.
[16:06] {strider} Didn't work.