Thursday, January 28, 2010

Jan 28 2010

Some days are made by just one strong trade. This was exactly the case: scalp here, stop there, nothing outstanding, and a whole lot of invalidated trades - those where stop level is broken before trigger is taken, so trade just never comes to be. Then star trade came along: CAT long at 51.60, with 15 cents risk and for almost a dollar potential.

Session Time: Thu Jan 28 00:00:00 2010

[07:47] {Threei} CY
[07:47] {Threei} Cypress Semiconductor Demonstrates tablet-sized capacitive touchscreen with true multi-touch all-point capability
[07:47] {Threei} - Demonstrated a tablet-sized capacitive touchscreen technology with unlimited finger tracking capability.Cypress has released a video, available at, which features a demonstration of a user manipulating multiple pictures on the screen simultaneously. The technology, based on Cypresss industry-leading TrueTouch touchscreen solution for smaller-size portable electronics, will power touchscreens between 7 and 17 inches with full multi-touch support.
[07:49] {Les} morning. F in play premarket
[07:50] {Threei} Les :)
[07:50] {Threei} Ford Motor Co Reports Q4 $0.25 v $0.26e, R $35.4B v $32.6Be
[07:50] {Threei} For full year 2010, Ford plans to be profitable on a pre-tax basis excluding special items, for North America, total Automotive and total company, with positive Automotive operating-related cash flow, based on its assumptions
[07:50] {Threei} - Expects industry sales in range of 11.5-12.5M units
[07:51] {Les} ha. so it's not actually profitable then
[07:51] {Threei} well, at this point it's more about guidance I'd think
[07:51] {Threei} there is a whole lot of numbers in that
[07:51] {Threei} breakdown by continents
[07:51] {Threei} ends with:
[07:52] {Threei} - Ford Motor Credit Reports Q4 pre tax operating profit $696M v -$372M y/y
[07:52] {Threei} - Expects Motor Credit to be profitable in 2010 but lower than 2009 based on lower average receivables and the non-recurrence of certain favorable 2009 factors.
[07:52] {Threei} also, look at this aggressive mobe:
[07:52] {Threei} 01/27/2010 08:40 PM [F] To offer $1,000 rebate to Toyota and Honda owners
[07:53] {Les} that's aggressive marketing
[07:53] {Threei} good thing they don't offer it to Nissan owners
[07:54] {Threei} I don't want Ford, and such offer would make me even think about it
[07:54] {Threei} ummm... maybe not
[07:58] {Les} dunno. ford making pretty trendy cars in Europe. Europeans like these small hatchbacks etc
[08:00] {Threei} line up is different in US and Europe
[08:00] {Les} yeh. its the americans that need an attitude adjustment
[08:01] {Threei} and... I tried one of Ford's recent crossovers once,
[08:01] {Les} or to really hurt at the gasoline pump like we do here
[08:01] {Threei} after Murano, it handles like a wet diaper
[08:01] {strider} We need an attitude adjustment?
[08:01] {Threei} well, maybe you'd do well stopping taxing the hell out of that gasoline
[08:01] {Les} especially you Strider
[08:02] {Les} mind you. motorcycle is better attitude to road than a Hummer
[08:02] {Threei} but you seem to believe in that hoghwash about global warming too strongly to do that {G}
[08:02] {strider} My attitude is recalibrated every morning at 8AM.
[08:02] {nemo} qcom and nflx could be interesting this morning
[08:03] {Threei} sheesh
[08:04] {Threei} was looking at CY 11.07 offer not realzing that was the entry I wanted
[08:04] {Threei} I obviouslyam still asleep
[08:05] {Les} lol strider, you remind me of that colonel in "American Beauty"
[08:05] {nemo} must be, if Les is there, must be a nightmare...
[08:05] {Les} you sure you're not ex-Marine?
[08:05] {Threei} crap
[08:05] {nemo} I used to teach military people, and work with them...that's about it
[08:05] {Threei} that was my opening $400 right there
[08:05] {nemo} well, since you didn't share...
[08:06] {Les} not you Nemo
[08:06] {Threei} I posted news
[08:06] {Les} vad is right
[08:06] {Les} I have CY on chart
[08:06] {Les} but wasn't paying attention to it
[08:07] {Les} but it did jump out of the blue
[08:07] {nemo} I was reading about somebody's battle on another blog...missed it
[08:07] {Les} I must have scared strider off...
[08:08] {nemo} scared...nah...disgusted him...I can see that
[08:08] {Threei} lol
[08:08] {Threei} strider doesn't strike me like easy frightened type
[08:08] {strider} I missed something while rebooting.
[08:09] {strider} Is Les coming to get me?
[08:09] {Threei} rofl
[08:10] {Threei} you guys
[08:10] {Les} 14:05 Les lol strider, you remind me of that colonel in "American Beauty"
[08:10] {Threei} OK... so weho is impressed by state of the union speech?
[08:10] {Les} 14:05 Les you sure you're not ex-Marine?
[08:10] {nemo} ] * strider ( Quit (Quit: )
[08:10] {nemo} [08:07] * strider ( has joined #discussions
[08:10] {nemo} [08:07] {Les} I must have scared strider off...
[08:10] {nemo} [08:08] {nemo} scared...nah...disgusted him...I can see that
[08:10] {nemo} [08:08] {&Threei} lol
[08:10] {nemo} I skipped the speech
[08:10] {Les} didn't listen to him
[08:11] {Les} what did he have to say?
[08:11] {nemo} I was watching "District 9" with my nephew
[08:11] {Les} any good?
[08:11] {Threei} a lot... and I have to say, I never heard so non-presidential one
[08:11] {nemo} yeah, it was pretty good...saw a commercial for it on DVD, so went right to the torrents
[08:11] {Threei} lol
06[08:11] * Threei slaps nemo around a bit with a large bag of sarcasm
[08:12] {Les} really, he was waffling on again?
[08:12] {strider} Yeah, though I walk through the valley of death, I fear no evil.. for I am the meanest MF in the valley. (favorite phrase of my SF buddies.)
[08:12] {nemo} I already have a railroad car full...ty
[08:12] {Threei} the spot that totsally turned me off was:
[08:12] {nemo} Personally I like...nuke them til they glow, shoot them in the dark, let God sort them out...
[08:12] {Threei} I take my share of blame for not explaining our position on health care reform well
[08:13] {Threei} this is beyond arrogant
[08:13] {strider} well, you should, vad.
[08:13] {Threei} it translates into:
[08:13] {Threei} I am right, you all are wrong, you don't get it, and my fault is in not exlaining it clearly enough
[08:13] {nemo} We couldn' slip it by you f%$#&@s before you figured it out
[08:14] {strider} Seriously condescending.
[08:14] {Threei} so, I should have tried to make it sinmpler for you
[08:14] {Threei} but I overestimated your intelligence
[08:14] {Threei} well, piece on climate change was just as condescvending
[08:15] {strider} "After all, I am super-O, and you're not."
[08:15] {Threei} even his poart of the audience met it with grave silnece
[08:15] {Les} F .80 B/d?
[08:16] {Threei} questionable...
[08:16] {strider} premarket has its own rules...
[08:16] {strider} imo
[08:16] {Threei} there asre no patterns established yet
[08:16] {Les} 7am thru now. big descending triangle?
[08:17] {Threei} formally speasking, yes
[08:17] {Threei} in purpose of pattern recognition
[08:18] {Threei} it's just that patterns much less reliable at this point
[08:18] {Les} but not actionable due to lack of vol?
[08:18] {Threei} yes
[08:18] {Les} or reliable I should say
[08:18] {Les} makes sense
[08:19] {Les} .
[08:22] {Les} anyone here?
[08:23] {nemo} no
[08:23] {Les} phew
[08:23] {Les} strange. accidently logged out and then logged back in. thought I was in another dimension
[08:24] {Les} no log history. no record in floor channel.
[08:24] {nemo} fatima morgana
[08:25] {Les} ?
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 470K V 450KE; CONTINUING CLAIMS:4.602M V 4.593ME
[08:30] {Threei} - Prior Initial Claims revised from 4482K to K
[08:30] {Threei} - Prior Continuing Claims revised from 4.599M to...more... (related SHY SPY EUR/USD USD/JPY USO RTH )
[08:30] {Threei} yikes
[08:31] {Threei} how's that stimulus working for ya
[08:31] {Threei} APPY Pharma Enters Into Development and Supply Agreement for AppyScore(TM) Reader (2.17, 0.00, 0.00%)
[08:41] {Les} oh they're gonna spit that in the face of Obama's address last night
[08:42] {Threei} he practically called for swcond stimulus package yesterday
[08:42] {Threei} Einstein, where are you...
[08:43] {nemo} wait until Commercial Real Estate gets going this year...lookout below
[08:53] {fernp} Good morning everybody
[08:53] {Les} hey fern
[08:53] {Threei} fern :)
[08:54] {strider} mornin' fern
[08:55] {i2romantis} gm all :)
[08:55] {Les} hi i2
[08:55] {Threei} i2r :)
[09:00] {Threei} NFLX Piper Jaffray raises price target to $78 from $57; maintains Overweight rating (timing uncertain)
[09:00] {dino} gm all
[09:00] {nemo} yeah, they killed it yesterday
[09:00] {Threei} dino :)
[09:02] {strider} Good gosh, up almost 12 bucks from yesterday morn.
[09:02] {nemo} yep
[09:03] {Threei} BLTXX Baltic Dry Bulk Index down around 4% (3nd straight fall)
[09:03] {dino} f nice report, kicking govt motors butt
[09:04] {Threei} as it well should
[09:15] {Threei} TM: Toyota recall expanded by additional 1 mil vehicles
[09:15] {Threei} sheesh
[09:15] {ese} good morning....
[09:15] {Threei} ese :)
[09:15] {Threei} feeling better?
[09:15] {ese} it's the world as seen through a non thumping head
[09:15] {ese} yes tks vad
[09:16] {billyc} gm everyone
[09:16] {ese} can't emember the last time I had a headache
[09:16] {ese} billy
[09:16] {Threei} I think it's because you skipped Bahamas... look at this:
[09:16] {Les} billy, non thumping ese
[09:16] {Threei} billy :)
[09:18] {dino} qcom, ttek, kex
[09:18] {nemo} nflx dino
[09:18] {ese} i sold my cien yesterday at .05 +.22
[09:18] {Threei} QCOM was seriously beaten up after hours
[09:19] {dino} see itksp, pot, azn, abfs
[09:19] {nemo} pot guided down
[09:20] {dino} watching mos, cagc off of it
[09:21] {Les} what was QCOM's crime?
[09:21] {ese} my goodness nflx up 11pts
[09:21] {nemo} earnings
[09:22] {nemo} dude
[09:22] {ese} dude
[09:22] {ese} like ahhhhhh justa ahhhhhh like seen it ehhhhhhh
06[09:23] * Threei pours ese a glass of dasrk rum spiked with sedatives
[09:24] {larisa} gm :)
[09:24] {Threei} larisa :)
[09:24] {ese} that would be a headache enlarger for this morning
[09:24] {ese} laris
[09:24] {Threei} no way
[09:24] {larisa} vad, ese :)
[09:26] {nemo} lari :)
[09:26] {ese} it would seem we are looking at end of month beginning of month window dressing
[09:26] {larisa} nemo :)
[09:28] {lasertrev} gm
[09:28] {Threei} trev :)
[09:28] {strider} morning trev/
[09:29] {lasertrev} :)
[09:29] {Threei} Apple Inc Barclays reiterates Overweight rating, price target to $285 (update)
[09:29] {Threei} - Analyst comment that iPad lauch generally in line with expectations, however does note that pricing more attractive than had expected.
[09:29] {Threei} - Prior price target $265
[09:31] {Les} nflx looks like sputnik, the ticker up there on its own
[09:31] {nemo} pot guides lower and mos shoots up...
[09:33] {Threei} watching WFC for strong pullback
[09:33] {Threei} ,25 zone at least, possibly lower, for long entry
[09:33] {nemo} system froze
[09:34] {Threei} actually...
[09:34] {Threei} Short Setup: WFC .40 break if stays under .45
[09:36] {Threei} invalidated
[09:37] {Les} ttek .20 b/d?
[09:37] {Les} after consolidatno
[09:37] {Threei} way too wide range
[09:38] {dino} qcom sm l .60
[09:38] {Threei} what's with PEIX?
[09:39] {dino} dk
[09:39] {ese} does anyone know what the futures were quoting before the market opened
[09:41] {dino} up
[09:41] {Threei} Long Setup: CAT .60 if stays above .50
[09:41] {ese} tks
[09:43] {nemo} got stopped
[09:46] {i2romantis} out NFLX +2.00, enough for today
[09:46] {Les} lol
[09:46] {Threei} Long Setup: X .10
[09:46] {Les} well done
[09:46] {Threei} half lot
[09:46] {Threei} stop under .95
[09:46] {Threei} 1:1
[09:47] {ese} mags would be goin nuts on rimm if he were here
[09:48] {ese} L cien .10
[09:48] {dino} qcom out .00, +.40
[09:49] {ese} were you long or short dino
[09:49] {dino} red scanners
[09:49] {dino} long es, posted
[09:49] {dino} ttek
[09:50] {ese} cool...sorry ...missed it
[09:50] {Threei} WFC
[09:50] {Threei} sharp selloff
[09:50] {dino} np
[09:52] {Threei} (US) Senate minority leader McConnell: Senate should be able to come to agreement on Obama proposals on boosting exports and alternative energy
[09:52] {Threei} ***Note that in yesterday's State of the Union speech, President Obama said providing incentives for energy efficiency and clean enery is "the right thing to do."
[09:52] {dino} if uneconomical ways are the right ways, sheesh
[09:53] {Threei} "right thing to do" has nothing to do with economics, it's a guilt thing
[09:53] {dino} bingo
[09:54] {fernp} any read WFC, Vad?
[09:54] {Threei} pullback to .45, I'd feel much safer buying it
[09:54] {Threei} with stop under .40
[09:54] {fernp} ok, ty
[09:55] {dino} all red
[09:56] {ese} L qcom .01
[09:56] {dino} nice
[09:56] {ese} out ..25
[09:57] {ese} +.24 4k
[09:57] {ese} this is going to take off buts thats good enough
[09:57] {ese} tks dino
[09:57] {Les} jeezuz ese
[09:58] {Les} i've been playing with qcom, not as skillfully as you ese and dino
[09:58] {dino} gj
[09:58] {i2romantis} i understand +.24, but what is 4K? size or profit?
[09:58] {Les} but pulled myself out of the hole I had made
[09:58] {Threei} 4thousand shares i2r
[09:59] {dino} les, 1st trade on it on months
[09:59] {i2romantis} ok :)
[09:59] {Les} yeh I followed you first trade
[09:59] {Les} but was in too heavy
[09:59] {Les} had to cut losses
[09:59] {Les} next time smaller shares
[09:59] {ese} classic capitulation there......been watching dino play these for a while....was a confidence thing just by watching T&S
[10:00] {dino} ttek sm l .76
[10:00] {Les} yeh ese I jumped in at around the same price as you
[10:01] {Les} but earlier
[10:01] {dino} stop .49
[10:01] {Les} on the 2nd time I traded it
[10:01] {Threei} WFC, take profit uinto next spike
[10:01] {Threei} unless you are pesky scalper and out already
[10:01] {ese} but it's also done 40 million shs it wayt's freight train ..once it gets started in one direction's gonna keep goin tha
[10:02] {ese} it's a freight train
[10:02] {Les} will look on it again to check how it played out
[10:02] {dino} nflx lod
[10:03] {nemo} 60.03 support
[10:03] {nemo} 61.03
[10:03] {nemo} no i was right the first time
[10:03] {nemo} nevermind
[10:03] {nemo} oy
[10:04] {fernp} I was one of those pesky scalpers Vad. TY
[10:04] {Threei} I knew it
[10:05] {Threei} Short Setup: CAT .40 break
[10:05] {Threei} .55 resistance
[10:05] {dino} scanners all red again
[10:06] {Threei} no worky CAT
[10:06] {strider} stop stop stop
[10:07] {Threei} still looks like a short to me... maybe a rinse
[10:07] {Les} you are an ex grunt
[10:07] {fernp} CSCO on lows too
[10:09] {strider} short AIG .32
[10:09] {Threei} CAT was a rinse
[10:09] {Les} s cat .38
[10:10] {fernp} CSCO .85 break stop above .95
[10:10] {dino} back in 5, have to shovel sidewalk
[10:10] {dino} hard stop ttek at .49 fwiw
[10:10] {Threei} make magoo do it
[10:11] {Threei} beautiful on AIG strider
[10:11] {Les} out .25 cat
[10:11] {ese} you know what hasn't been working with my quotes is the nyse tick and trin......everybody else getting them
[10:11] {strider} still in 1/3
[10:12] {Les} got 200 ma holding it up strider. if that gives away...
[10:13] {strider} +.11 +.16, stopped last +.05
[10:14] {strider} still setting up to go
[10:15] {dino} gj
[10:16] {strider} TM short break of low?
[10:17] {Threei} probably
[10:17] {Threei} ZI was itching to short it whole day yesterday
[10:17] {Threei} never found good entry
[10:17] {Threei} ditto AAPL
[10:17] {strider} partial aggressive t .15
[10:18] {Les} s cat small .10
[10:19] {Les} out .90
[10:19] {strider} stopped
[10:19] {Threei} wtg
[10:20] {Les} things are moving more predicably today
[10:20] {Les} predictably
[10:20] {dino} weeks like this make me think i should trade from home. too many drop-ins
[10:22] {dino} ttek tear down that wall
[10:24] {dino} kof
[10:25] {ese} huh....spectacular i think ek reports 1.36 V .18e is that right ?
[10:26] {Les} cat consolidating to b/d thru support
[10:27] {Threei} unless marjet reverses
[10:27] {Les} y
[10:27] {Threei} AAPL...
[10:27] {Threei} impossible to nail entry
[10:27] {Threei} I know it's a short
[10:28] {dino} stepping back, all red
[10:30] {ese} bstop ek .70
[10:31] {ese} sorry .71
[10:31] {Threei} Short Setup: X .95
[10:31] {Threei} half lot
[10:32] {Threei} 47.10 invalidation
[10:33] {Les} aa 13 b/d?
[10:33] {Threei} yes
[10:33] {nemo} chart for x is bad
[10:34] {Threei} bad for what?
[10:34] {nemo} bad data chart shows .10 quotes are up arounnd .35
[10:34] {ese} ek has to hold above .60 or i remove the bstop
[10:35] {Threei} hmm?
[10:35] {Threei} everything matches here
[10:35] {Threei} switch server?
[10:35] {nemo} switched all of them
[10:36] {fernp} yes, is bad. spread is -0.23 (minus)
[10:38] {nemo} I rebooted laser, data still bad
[10:38] {nemo} for X only so far
[10:38] {fernp} CSCO 1:1
[10:39] {dino} ioc
[10:39] {dino} mjn spike
[10:42] {ese} bstop ek removed...invalidated
[10:44] {nemo} weird for MOS in LII I've got LOD of 56.22 yet it just hit 56.03, something is wrong with the system
[10:44] {ese} vad question? basically i removed the by one that because i've watched you invalidate buys if they move ouside of a .10 range. is that because of a strenght least thats my impression of your setups
[10:44] {ese} bstop
[10:45] {Threei} not necessary 10 cents,
[10:45] {ese} yes that was going to be my next question
[10:45] {Threei} rule is, if a stock violates stop level before triggering - trigger is invalidated
[10:45] {Threei} chart defines support and resistance that form a setup's structure
[10:45] {Threei} so when I say:
[10:46] {Threei} ABCD is long in .20 break if stays above .10
[10:46] {Threei} break of .10 naturally invalidates the play
[10:46] {ese} yes
[10:46] {ese} what determines the range for you
[10:46] {Threei} .10 cents is simply because I prefer tighter setups
[10:46] {Threei} but chart may indicate other ranges
[10:47] {ese} ok
[10:47] {Threei} chart configuration
[10:47] {dino} good q es, thx vad
[10:47] {ese} what the bars are indicating?
[10:47] {ese} 1min bars 5 min etc
[10:47] {Threei} sorry, not sure I understand
[10:47] {Threei} 1 min bar indicastes price change within 1 min
[10:48] {ese} well if 1 min bars are showing say .08 range....then the invalidate will be .08 below where the trigger is
[10:49] {Threei} ugh, no
[10:49] {dino} ttek to flat, mkt drop
[10:49] {Threei} I never define a range by just one bar
[10:49] {Threei} look ast gld
[10:49] {ese} number of bars?
[10:49] {Threei} 1 min
[10:49] {dino} qcom breaks .00 down
[10:49] {Threei} time from
[10:49] {Threei} 10:05
[10:49] {Threei} to
[10:50] {Threei} 10:32
[10:50] {Threei} see the 20 cents range formedZ?
[10:50] {ese} gld?
[10:50] {Threei} yes
[10:50] {ese} ok .40 to .60
[10:50] {Threei} .40 break would have triggered short, with stop above .60
[10:51] {Threei} .60 break would have (and did) triggered long with stop under .40
[10:51] {Les} $ up
[10:51] {nemo} fcx chart off too
[10:51] {ese} so a time factor this case 27 min
[10:51] {ese} ok i'm getcha
[10:51] {fernp} VZ .60 break, Vad?
[10:51] {Threei} there is no fast rule to the length of consolidation period
[10:52] {ese} ok
[10:52] {Threei} I don't like it fern
[10:52] {fernp} ok. ty
[10:52] {Threei} has distinctive smell of trap to it
[10:52] {dino} bid/ask reverse troubles here nemo, on listed
[10:53] {nemo} yeah
[10:53] {Les} AA and CAT both b/d candidates
[10:53] {Les} market willing
[10:54] {dino} ndx fills 12/17 gap, 1778
[10:54] {Threei} 10:51] {Threei} there is no fast rule to the length of consolidation period
[10:54] {Threei} but it should be something reasonable,
[10:54] {Threei} 2-3 bars make range not
[10:54] {Les} you talking to me?
[10:54] {Threei} the only exception is open breaks,
[10:54] {Threei} they are usually shirter,
[10:55] {Threei} simply because market was open for a brief time, things happen faster
[10:55] {Threei} no Les
[10:55] {Threei} I am just blabbing in general
[10:55] {Les} very good then
[10:55] {Threei} ignore at your peril though
[10:55] {dino} alrighty then.
[10:56] {dino} remember enda gap i mentioned yesterday
[10:56] {larisa} snda you mean
[10:56] {dino} opps, yes, you remembered
[10:57] {lasertrev} note: nyse was down for a min. now it is ok.
[10:57] {dino} 45.50 area
[10:57] {lasertrev} will keep you all updated
[10:57] {nemo} x o.k. now
[10:59] {dino} ave sm l .99 ioc
[11:02] {dino} ndx -6.5% since 1/19; other ~-5.6%
[11:02] {Threei} gosh... I thought SIRI went bankrupt already... yet it pops up on ascanner with 52 week highs, lol
[11:03] {dino} imo, odd as tech has been repoting well
[11:06] {dino} nemo, med?
[11:07] {dino} 50 ma around 16
[11:07] {Threei} CAT isn't seeling off with market
[11:07] {nemo} .69 is pivot support dino...I have no conviction on a bounce here
[11:08] {ese} L ek .62
[11:08] {dino} q? when using your 50/200 etc, what time frame?}
[11:08] {ese} used .50 to .60 range as support resistance and trigger
[11:09] {nemo} me? 1minute
[11:10] {nemo} If med doesn't hold it here, goes to 16.60 or so
[11:11] {dino} on longer term chart; say 52 wks
[11:11] {nemo} I'll set the average to the period at which I'm looking
[11:13] {Threei} RU) Russia Fin Min: World might need global currency regulation
[11:13] {Threei} sigh
[11:14] {dino} i am on other side, markets will force it
[11:14] {nemo} governments won't force issue immovable object hits irresistable force...annihilation
[11:15] {nemo} 2012
[11:25] {dino} cmp
[11:32] {Threei} AA 1:1
[11:33] {Threei} lended itself to large shares, too
[11:34] {Threei} selloff acelerates
[11:35] {Threei} little bounce, then more selling IMO
[11:35] {Threei} it's not over, nowhere even close
[11:36] {dino} 10080 broke
[11:36] {dino} 1080
[11:36] {nemo} yeah...strap in
[11:39] {larisa} RIMM sellers on vacation
[11:39] {Threei} X
[11:39] {dino} ttek holds
[11:39] {Threei} bounce into resistance on decreasiong volume
[11:40] {dino} ioc stopped while away
[11:40] {nemo} we may have a battle around 1080 for awhile
[11:41] {nemo} especially going into lunch
[11:43] {Threei} Short Setup: X .40 break
[11:43] {Threei} invalidated
[11:44] {dino} ttek out .25, +.49
[11:44] {dino} like to see qcom re-test
[11:45] {dino} ua interesting, nice report
[11:48] {dino} ua sm l .99
[11:48] {dino} snda sm l .97
[11:49] {dino} qcom sm l .75
[11:51] {dino} quiet around here
[11:51] {Threei} is it my connection or quotes are sloppy?
[11:51] {nemo} no magoo
[11:51] {nemo} what have I been saying
[11:51] {dino} lol
[11:51] {dino} magoo, mia
06[11:51] * nemo slaps Threei around a bit with a large hearing aid
[11:52] {Threei} I didn't mean two hours ago when everything was OK and you were the only one wituy a problenm {G}
[11:52] {dino} gut feel, 1080 and 1778 gaps had to fill, now up
[11:52] {Threei} O am talking just last couple minutes
[11:52] {nemo} You sayin' I got problems?
[11:52] {dino} 3i, i mentioned it too w/listed, bid/ask issues
[11:53] {nemo} that would be the thing for the markets to do, just like that H&S in july
[11:53] {larisa} we will break 10K dino, wanna bet ? :)
[11:53] {Threei} wqas fine for me all this time
[11:53] {dino} lol larisa, it's only 55 pts
[11:53] {larisa} chicken
[11:53] {nemo} I've got 10092
[11:54] {larisa} he means low
[11:54] {dino} ohhh mannnnnn, nobody calls me chicken. you're on gal, a beer
[11:54] {larisa} lol
[11:54] {nemo} listen lamb chop
[11:54] {Threei} Short Setup: BRCM .20 break
[11:54] {Threei} if stays below .25
[11:55] {Threei} Long Setup: RIMM 64 break
[11:55] {Threei} if stays above .85
[11:56] {Threei} BRCM invalidated
[11:57] {dino} on my watchers, strength in kss, fcn, cagc, rino
[11:58] {Threei} invalidation galore
[11:59] {Threei} US Senate approves "paygo" measure
[11:59] {nemo} program new taxes
[12:00] {Threei} - "Paygo" requires new spending to be offset with cuts or revenue increases (taxes) to offset the spending
[12:00] {nemo} cuts? what are those?
[12:01] {ilana} BRCM again
[12:01] {Threei} Treasury Sec Geithner: 2011 budget plan has $5B energy tax credit increase
[12:01] {Threei} SEED Guides FY10 Rev CNY630-660M (0.89, -0.05, -5.32%)
[12:04] {Threei} - CEO: We remain acutely confident in the strength of our market opportunity, our positive results, our company, and our long term solutions. We had another good quarter, as we continue to press on toward the completion of more advanced technologies and adding to our product offerings to drive improved performance going forward.
[12:04] {ese} outta here all cya tomorrow...or maybe a little later today if i get time
[12:04] {Threei} take care ese
[12:04] {dino} cya es
[12:05] {fernp} bye ese
[12:07] {larisa} AMZN refuses to sell into earnings, me missing a lot of trades today. too much green tea
[12:08] {dino} crm sm l .00
[12:14] {nemo} my data wron on crm says low is 63.53 low seems to be .94
[12:15] {Threei} I don't know what green tea has to do with it but I am just not finding plays
[12:15] {Threei} whatever I do find gets invalidated
[12:15] {dino} i show spike to it
[12:15] {Threei} who sees something worthy, share
[12:15] {nemo} ppt is listening in on the room, you make a call, they fade it
[12:15] {strider} I faded the RIMM invaliumidated awhile ago.
[12:15] {dino} 4 on, already shared above
[12:15] {Threei} they are stupid then
[12:16] {Threei} better let it trigger, then fade
[12:16] {strider} I did.
[12:17] {strider}'re not talking to me.
[12:17] {strider} I should have known.
[12:20] {larisa} when I see missed setup like X short off 46.80, i want to hurt somebody :)
[12:20] {strider} va.
[12:20] {strider} vad
[12:20] {nemo} you can hurt me lari
[12:20] {strider} hurt him.
[12:21] {nemo} :)
06[12:21] * Threei slowly moves away from Larisa, trying not to attract attention
[12:21] {nemo} that's alright lari, I second guessed myself on amzn short at .90
[12:22] {larisa} was nice too with divergence, but hesitant today on AMZN. earnings
[12:23] {nemo} they'll report great numbers from Xmas and then sell off
[12:23] {nemo} it's a retail stock
[12:23] {dino} crm stopped -.35
[12:23] {Threei} ACOR Regis Technologies, Inc. has received an Establishment Inspection Report (EIR) from tFDA stating that Regis passed the FDAs pre-approval inspection (PAI) for its manufacture of 4-Aminopyridine the active ingredient in Ampyra. (34.67, -0.14, -0.40%)
[12:24] {Threei} (US) Senate approves measure to increase debt limit to $14.29T (related EUR/USD TLT SHY IEF )
[12:24] {dino} why even vote limits, they just raise them
[12:25] {Threei} why not vote pnce
[12:25] {Threei} "no limits no more, never, at no number"
[12:25] {dino} who is john galt?
[12:25] {Threei} that's it,. problem solved
[12:28] {Threei} Short Setup: X .50 break
[12:28] {Threei} if stays under .65
[12:28] {fernp} .65 el stop
[12:28] {fernp} ok
[12:28] {Threei} el stoparino
[12:29] {nemo} or is it la stoparina
[12:30] {nemo} ehhh...lunchtime
[12:30] {strider} I think I dated her in high school.
[12:30] {nemo} ha ha ha
[12:31] {Threei} 1:1
[12:31] {strider} how the heck did you catch that?
[12:32] {fernp} missed
[12:32] {Threei} hit .50 when it melted down
[12:32] {Threei} put .36 bid in
[12:32] {nemo} tims might be a long above .80
[12:32] {nemo} .60
[12:33] {Threei} that wasn't really a nice smooth play
[12:33] {Threei} my entry and exit both werre closer to lucky accident
[12:33] {Threei} than to normal smooth trading
[12:33] {nemo} phenomenal
[12:34] {larisa} rinsed stops at day low.. tough one to catch
[12:34] {Threei} immediate bounce into .60, sheesh
[12:34] {Threei} as one Soviet poet famously asked... "who ever saw crying Communist?"
[12:34] {nemo} yeah, setting up a reverse H&S
[12:35] {nemo} cat looks like it might turn north from tht chart pattern
[12:35] {Threei} I don't really feel it's time for reversal plays yet
[12:35] {nemo} so much for X holding
[12:35] {dino} gut says; "giddy-up"
[12:35] {larisa} :)
[12:36] {Threei} if anyone went for second setup on X I: a) recommend taking profit here and B) can't believe your audacity
[12:36] {Threei} there, 1:1 again
[12:36] {dino} fcx getting close to oct gap
[12:36] {dino} fdx nov.
[12:36] {Threei} dino, I believe in giddy-up, just not right now
[12:37] {Threei} a bit more frustration for bottom hunters
[12:37] {Threei} want something really funny?
[12:37] {Threei} KSystems, who hosts our chat server
[12:37] {dino} but you forget, am 3 hours ahead of you
[12:37] {Threei} can't connect the room
[12:37] {Threei} oh, lol
[12:38] {Threei} wow X
[12:38] {dino} 12:38 here
[12:39] {Threei} gold sold off like world's financial system just got fixed by Martians
[12:39] {dino} itri sm l .50
[12:40] {Threei} Long Setup: FCX .50 break
[12:40] {Threei} .35 support
[12:41] {Threei} not a scalp
[12:42] {larisa} dino convinced you it is time for reversals? :)
[12:42] {Threei} yeah, he is three hours ahead of me
[12:42] {Threei} this is my dream time machine
[12:42] {strider} I'm outa here. Got to go act like I know something for a couple of hours.
[12:42] {Threei} lol strider, take care
[12:42] {larisa} bye strider
[12:42] {strider} see ya in the morning. :)
[12:43] {nemo} order at .38 on rimm
[12:43] {nemo} offer
[12:43] {nemo} gone
[12:43] {Threei} FCX invalidated for now but still on agenda
[12:43] {Threei} X
[12:43] {Threei} long on pullback
[12:44] {Threei} not sure of exact entry yet
[12:44] {Threei} .60 break
[12:44] {Threei} if holding .50
[12:44] {larisa} 45.48 support
[12:45] {dino} qcom stopped -.40
[12:45] {Threei} ugh
[12:45] {Threei} invalidated again
[12:45] {Threei} I am telling you
[12:46] {larisa} at least they are not triggering
[12:46] {Threei} true but the sheer number of invalidated plays today is incredible
[12:47] {Threei} FCX another leg down
[12:47] {Threei} dino, you sure it's three hours?}
[12:47] {Threei} maybe 2 and half?
[12:48] {Threei} great
[12:48] {Threei} now X is working
[12:49] {Threei} Les
[12:49] {Threei} picked up on IPad moniker, same idea that you mentioned yesterday
[12:50] {dino} lol
[12:50] {Threei} oh come on... X 1:2
[12:51] {dino} see vad that 2+hours shows me alot
[12:51] {Threei} no doubt
[12:51] {nemo} I thought it invalidated
[12:51] {Threei} that's why "come on" remark
[12:51] {nemo} oh,
[12:52] {Threei} look at the chart when it pulled back
[12:52] {Threei} perfect setup
[12:52] {Threei} and worked perfectly, just invalidated out trigger first
[12:52] {nemo} yeah, db'd at .40
[12:52] {Threei} I thought of changing it to .40 - .50
[12:53] {Threei} hard to tell what stopped me
[12:53] {nemo} did it hurt
[12:53] {Threei} thinking?
[12:53] {Threei} it always does
[12:53] {nemo} yes
[12:53] {Threei} sometimes I can channel my headache on ese though
[12:53] {Threei} just don't tell him
[12:54] {larisa} lol
[12:54] {nemo} cat just broke downtrend
[12:54] {Threei} 1:4... crying communist arrives
[12:55] {nemo} come on comrade, take it like a lumpen
[12:55] {Threei} with double dose of vodka you mean?
[12:55] {nemo} spy about to break resistance
[12:55] {nemo} sure
[12:55] {Threei} Long Setup: CAT .60 break
[12:55] {nemo} stop at bottom of this pull back or .52
[12:55] {nemo} ?
[12:56] {Threei} no
[12:56] {Threei} .45
[12:57] {Threei} FCX,
[12:57] {Threei} pullback long entry, under .50
[12:58] {nemo} come on cat hol .52 so I can give vad a hard time
[12:58] {Threei} I don't see any connection
[12:58] {nemo} yeah...not like I need an excuse
[12:58] {Threei} you are giving me hard time in any case
[12:58] {Threei} some people have to work for it,
[12:58] {Threei} to some it comes natyrally
[12:59] {nemo} unlike spelling
[12:59] {Threei} and the very fact of their existence gives hard time to those around
[12:59] {i2romantis} :)
[13:00] {Threei} .52 was low for FCX
[13:00] {Threei} sigh
[13:00] {nemo} :):):):):):):)
[13:01] {nemo} actually I saw a fractional print below
[13:01] {Threei} if I had to give a name to today it would be "A Cemetery of Escaping Opportunities"
[13:01] {nemo} very nice
[13:01] {nemo} amzn
[13:01] {nemo} triang
[13:02] {Threei} stolen from Eric Maria Remarh (sp})... one of his charracters calls another A Cemetery of Dead Beef Steaks
[13:02] {Threei} US) Commerce Sec Locke: Looking at steps to deal with industrial policy toward China, blocking Chinese imports is not the answer to dealing with trade deficit
[13:02] {Threei} - Planning clean energy trade mission to China and Indonesia
[13:02] {nemo} everything is plagiarism
[13:03] {dino} why even waste money on a clean energy china mission? these guys are clueless
[13:03] {nemo} china could care less
[13:03] {Threei} because dino, they want to "do a right thing"
[13:04] {dino} they still don't get that we need to deal w/our jobs problem
[13:04] {Threei} and we all know which road is paved with good intentions
[13:04] {dino} think about this heathcare issue. nobody can buy it w/o jobs, but they still push it
[13:05] {Threei} who cares... they have Bush to blame
[13:05] {dino} and he says lower taxes are not the answer, well his higher taxes and more regulations do not inspire hiring
[13:05] {Threei} last thing I expected that one year later he will still use him as an excuse
[13:05] {dino} i give up. waiting for john galt
[13:05] {nemo} see where oregon is instituting a gross revenue tax
[13:05] {Threei} move your fat butt CAT
[13:05] {nemo} or maybe it's only portland
[13:06] {dino} "get out of the way"
[13:06] {dino} qcom last try sm l .50, stop lod
[13:07] {Threei} btw, same as with porevious call... CAT if triggers and works, is not a scalp
[13:07] {Threei} 52 at least, and 52.50 is not out of question
[13:08] {dino} and think of this, we have the wprlds ;argest nat, gas reserves, but no he says., rather than create millions of jobs and wipe out our trade deficit (no more oil imports), he doesn't want to use nat. gas. likes giving billions to middle east i guess
06[13:08] * Threei kicvks CAT in the rear
[13:08] {dino} we are ruled by the biggest dumbasses in our history
[13:09] {dino} my rant is done
[13:11] {nemo} looks like we're of 1080
06[13:12] * Threei kicks CAT in the rear with heavy duty army boots
[13:12] {nemo} somebody call PETA
[13:13] {Threei} US Senate Majority Leader Reid (D): Planning to release the new jobs package next week
[13:13] {Threei} oh god
[13:13] {Threei} Ok kitty
[13:13] {Threei} off to races, will ya
[13:14] {Threei} if this one doesn't work, I go to monastery
[13:14] {larisa} stubborness at .60 wierd
[13:16] {larisa} come on CAT, give it to Vad
[13:17] {Threei} here kitty kitty kitty
[13:18] {Threei} what the deuce
[13:18] {Threei} gets going and stops
[13:18] {nemo} stop is .52?
[13:18] {Threei} gets going again, and returns to a start line
[13:19] {Threei} why would it be at .52??
[13:19] {nemo} 4-5 minutes ago db candles
[13:19] {Threei} I have different play in mind
[13:20] {Threei} .45 stop, same as from the beginning,
[13:20] {Threei} it tested .47 since the call
[13:20] {Threei} two targets
[13:20] {Threei} one is closer to 52, somewhere in .85 - .95 area
[13:21] {Threei} another is closer to 52.50,
[13:21] {Threei} something like .25-40 area
[13:21] {Threei} if all you wanted is scalp with .652 stop, you have 1:1
[13:21] {Threei} .52
[13:23] {Threei} Salinger died
[13:23] {nemo} Pierre or JD,,,I think Pierre was already dead
[13:24] {Threei} JD
[13:24] {Threei} catcher in the Rye
[13:24] {nemo} yep
[13:26] {fernp} out CAT ty Vad
[13:26] {Threei} NLST Settles patent infringement with MetaRam
[13:26] {Threei} - reached a settlement in the patent infringement lawsuits with San Jose, CA-based MetaRAM, Inc. The... (4.01, +0.22, 5.80%) more...
[13:26] {Threei} -The settlement resolves a dispute between the two companies concerning the use of proprietary memory modules, power management operations and other related technology.
[13:26] {Threei} - MetaRAM will not sell, offer to sell, release, or commercialize the MetaRAM DDR3 controllers in the U.S. or outside the U.S. Netlist contended that MetaRAM's DDR3 controllers and memory modules incorporating such controllers infringed its U.S. Patent No. 7,289,386, entitled "Memory Module Decoder." A provision in the settlement protects Netlist if another company purchases MetaRAM's patent and attempts to seek action against Netlist in the future.
[13:27] {Threei} welcome fern
[13:29] {Threei} over 1:1
[13:30] {Threei} first target hit
[13:30] {Threei} half out .88
06[13:31] * Threei slaps all pesky scalpers around a bit with frozen bony trout
[13:31] {Threei} NLST moving
[13:32] {fernp} Vad sometimes, you are good (CAT)
[13:32] {fernp} :-)
[13:32] {larisa} it worked, caz I asked nicely. he needs to learn not to kick, but be nice
[13:33] {Threei} thank you (I guess)
[13:33] {nemo} fcx not going up with arket
[13:33] {Threei} I find it hard toi believe Larisa...
[13:33] {fernp} well, forget "sometimes" word :-)
[13:33] {Threei} kind word and gun work much better than kind word alone
[13:34] {fernp} lol
[13:34] {nemo} rimm at downtrend line and 200 fwma..might be consilidating for another run on break of .45
[13:35] {nemo} support at .35
[13:36] {ilana} would CAT be a day trade?
[13:36] {Threei} to me that's what it is
[13:36] {ilana} ok thx
[13:37] {ilana} what would be the trail stop now?
[13:37] {ilana} under .70?
[13:37] {Threei} half out +.28, half trailed to breakeven
[13:37] {ilana} i see
[13:38] {Threei} next trail will be after it breaks 52
[13:40] {Threei} NLST is momo candidate
[13:40] {Threei} and overnight candidate
[13:41] {Threei} dtop to under .80 now
[13:41] {Threei} stop
[13:43] {Threei} 50 cents up
[13:45] {Threei} kind of half way between targets.. maybe 1/4 more out
[13:45] {Threei} personal choice
[13:45] {nemo} vwap at .07
[13:46] {Threei} UN official: UN special envoy held talks with a senior Taliban leader about potential peace agreement
[13:46] {nemo} oh, is that his head on the internet
[13:46] {Threei} I am imagining it's "you get out of our country and we are at peace" kind of agreement
[13:47] {dino} peace w/taliban=peace w/terrorists
[13:47] {dino} vote no
[13:47] {Threei} guess who is on TV
[13:48] {Threei} ranting agasinst damn banks and insurance companies
[13:48] {dino} elsworth toohey
[13:49] {Threei} funny wording:
[13:49] {Threei} will not stop fighting for healthcare for american people
[13:49] {Threei} considering that american people are against it, fighting with whom?
[13:50] {dino} he keeps this up, everybody will be covered under medicaid, as they will all be unemployed
[13:50] {Threei} 9% Expect Obamas Spending Freeze To Have Big Impact on Deficit
[13:51] {Threei} again: I take my share of the blame for not explaining it clearly
[13:51] {Threei} I can't beliebve it
[13:51] {dino} i must be losing it, but how does a freeze on 17% of the budget really matter
[13:52] {dino} especially when they keep raisig the debt ceiling
[13:52] {Threei} he doesn't have any advisor to tell him how arrogant it is?
[13:52] {dino} bingo! that's what magoo and i have been saying for a year
[13:52] {Threei} you are idiots, I am guilty in not realizing it so I'd explain twice, slower and in shorter words
[13:53] {Threei} and btw, he may be rightZ:
[13:53] {Threei} they applaud when he says that
[13:53] {dino} about the 9% sure, they are idiots
[13:53] {dino} gotta hop for 30 or so
[13:54] {dino} out ua +.37
[13:54] {Threei} wtg
[13:54] {dino} ty
[14:01] {Threei} done with CAT last 1/4
[14:01] {Threei} look at NLST offer
[14:02] {Threei} offers
[14:02] {Threei} wow
[14:02] {nemo} big bid at .40
[14:03] {Threei} same guy who just sold at .50 hopes to buy back at .40? :)
[14:06] {nemo} rimm's doing that afternoon run again
[14:40] {Threei} if market stays more or less neutral, let's keep ana eye on NLST as end of day run candidate, with .20 break as a trigger
[14:48] {Threei} lol
[14:48] {Threei} Ford guy on TV,
[14:49] {Threei} when asked about Toyota, he just can't keep himself from grinning ear to ear
[14:49] {i2romantis} lol
[14:49] {Threei} he honestly tries, and says right words
[14:50] {Threei} but grin breaks through
[14:51] {larisa} Mulalli ? he always smiles, even when testifying before congress :)
[14:51] {i2romantis} Vad, did you mean L for NLST?
[14:51] {i2romantis} or S?
[14:53] {Threei} long
[14:53] {nemo} look at that setup on rimm break of .15 we missed
[14:54] {i2romantis} thx
[14:54] {Threei} nice setup
[14:54] {nemo} yeah, look at that volume curve up into the break
[14:54] {Threei} that wasn't really a smile Larisa... that was face expression you can see on the face of ex0husband when he learns his ex divorces again
[14:55] {nemo} yeah, but now she's taken the next husband for all he's got also
[15:03] {nemo} I gotta' go c u 2morow
[15:04] {larisa} bye :)
[15:05] {dino} nlx
[15:12] {Threei} Preview: Senate to vote on confirmation of Fed Chairman Bernanke shortly
[15:12] {Threei} - Vote on Cloture due around 3:20pmET which would end the debate in the Senate and open the process to the official vote.
[15:12] {Threei} - Multiple sources have indicated that the official confirmation vote will occur immediately after Cloture.
[15:12] {Threei} - Cloture requires 60 votes to pass. By some counts circulating this afternoon, 51 senators have affirmed they will vote in favor of Bernanke, while 23 have affirmed they will vote against Bernanke, leaving up to 26 votes uncertain.
[15:12] {Threei} what a drama
[15:13] {Threei} as if they dare not to confirm him
[15:14] {larisa} losing that imaginary beer .. we need not confirmation and panic :)
[15:16] {Threei} not going to happen larisa
[15:17] {larisa} pessimist :)
[15:17] {Threei} that'd be me
[15:18] {Threei} if there are three ways for an event to end,
[15:18] {Threei} good bad and neutral,
[15:19] {Threei} I believe 4th will take place: horrific
[15:31] {billyc} gn all thanks for the trades i had a good day
[15:31] {Threei} take care billy, good to hear
[15:31] {ilana} NVLS .60 b/o?
[15:32] {dino} out snda .33, +.36
[15:32] {Threei} nice looking consolidation...
[15:32] {Threei} just don't cvount on muc,
[15:32] {Threei} much
[15:32] {Threei} thick, slow and generally narrow stock
[15:32] {ilana} nah, just +.50
[15:33] {ilana} are you out CAT yet?
[15:34] {Threei} yes, long ago
[15:34] {ilana} oh
[15:35] {Threei} we trailed stop to under .80 after it broke new high
[15:35] {Threei} then sold 1/4 more at _50 cents
[15:35] {Threei} +50
[15:36] {Threei} and last 1/4 got stopped for +.18
[15:36] {ilana} still with last 1/4
[15:36] {Threei} well, it came into second target
[15:36] {Threei} just take profit as you see fit
[15:37] {Threei} tremendous trade
[15:37] {ilana} why 52 is the last target?
[15:37] {Threei} closer to 62.50 was second target
[15:37] {Threei} 52
[15:37] {Threei} .35-.45 zone
[15:47] {fernp} another day in Mars. :-) Good evening everybody. See you all tomorrow
[15:47] {Threei} sold it Ilana?
[15:47] {Threei} wtg fern,
[15:47] {Threei} take care
[15:47] {fernp} ty
[15:48] {ilana} yes, at .38
[15:48] {ilana} thx
[15:48] {Threei} cool beans
[15:48] {ilana} in garlic souce
[15:48] {Threei} weith lemon
[15:51] {Les} AWIAV?
[15:51] {Threei} lol
[15:51] {Threei} no, but I am thinking of taking NLST
[15:51] {Les} oh yeh
[15:51] {Les} qid looking good
[15:52] {Les} I have moral dillemma
[15:52] {Les} went to wine degustation tonight
[15:53] {Les} but killed fox on highway on the way home
[15:53] {Les} first time I have killed animal
[15:53] {ilana} what's the dilemma?
[15:53] {i2romantis} terrible :)
[15:53] {Les} environmental impact
[15:53] {Les} remember, foxes are native to these parts
[15:54] {Les} they are part of ecosystem
[15:54] {Les} always my wines have been delivered by truck
[15:54] {Les} I go out, have a good time for once
[15:55] {Les} and I must kill fox
[15:55] {Les} someone is sending me a message
[15:58] {Les} pot
[15:58] {Les} wrong screen
[15:58] {ilana} is that where you cook the fox?
[15:59] {Threei} US) US Senate approves Ben Bernanke as Federal Reserve Chair
[15:59] {Threei} as if there was any doubt
[15:59] {Les} f&%รง
[15:59] {Les} that really made my day
[15:59] {Les} I'd prefer to run him over on the way home
[16:00] {Les} :D
[16:00] {Les} now I feel better
[16:00] {Threei} that'd really make a duifference
[16:00] {Threei} okay guys
[16:00] {Les} kex
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {Les} game over? ok night all c u tomorrow
[16:00] {i2romantis} 'twas a good day, see you all tomorrow
[16:00] {ilana} take care