Friday, January 29, 2010

Jan 29 2010

Profitable end to the week, with early long on WFC and a few trades on both sides later on. Still somewhat unusual number of invalidated trades, but those don't bother me all that much since they don't cost us a cent.

Session Time: Fri Jan 29 00:00:00 2010

[07:54] {_moeberry} Gm everyone
[07:54] {nemo} do I have to be nice Vad?
[07:55] {_moeberry} Hey, who makes the calls here?
[07:56] {Threei} Good morning
[07:56] {nemo} Vad is chief caller...different styles exist in this room, you see someone make a call, you like the trade, you take it
[07:56] {Threei} nice? you?
[07:56] {Threei} I'd be scarred for life if I ever saw that
[07:57] {nemo} so, shoul I wait on the trouting?
[07:57] {Threei} what am I, your dad?
[07:57] {Threei} do whatever you please, and leave it to me to decide when you crossed the line so I could kick you out
[07:59] {nemo} great...leaves me a lot of latitude
[08:03] {Les} be nice nemo
[08:04] {Les} good afternoon _moe
[08:04] {Les} hey vad
[08:04] {_moeberry} Gm Les
[08:04] {nemo} hi moeberry
[08:05] {_moeberry} Hi nemo
[08:05] {_moeberry} how are you
[08:05] {Threei} hi Les
[08:05] {nemo} another day in paradise
[08:05] {nemo} as long as I take my meds
[08:05] {Threei} [08:03] {Les} be nice nemo {--- why, Les? was anyone nice to you ate the beginning??
[08:05] {Threei} at
[08:06] {Les} never to late to change this mad house
[08:06] {Les} too
[08:06] {Les} I'm only nice cause I don't have Mirc, otherwise I'd be slapping everyone too
[08:07] {nemo} send me the ticke vad
[08:07] {nemo} ticket
[08:07] {Threei} ticket?
[08:07] {nemo} to Switzerland
[08:08] {Threei} AMZN Price Target raised to $160 from $150 at Jefferies, maintains Buy rating
[08:08] {nemo} yeah, and it's not moving in the pre market
[08:09] {Threei} well, whatever analysts say, AMZN will be imacted by AAPL's tablet launch
[08:09] {Threei} the scope of this influence is to be seen yet
[08:11] {Les} They'd never let you in the country Nemo
[08:11] {nemo} they have many times before
[08:12] {Les} MAT coming down after its decent earnings report
[08:12] {Threei} (US) Preview: Q4 Employment Cost Index expected at 8:30am
[08:12] {Threei} - consensus expectations at 0.4%e v 0.4% prior
[08:12] {Threei} 08:11 (US) Preview: Q4 Advanced GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:12] {Threei} US) Preview: Q4 Advance GDP Annualized and Personal Consumption due at 8:30 a
[08:13] {Les} employment cost index? they talking about wage inflation?
[08:14] {Threei} poractically yes
[08:19] {Les} seeking alpha didn't offer much in the way of pre market interest. anything on your list today vad?
[08:20] {Threei} not yet, failry quiet morning
[08:20] {Threei} but I promise to share when I see something
[08:21] {Les} :)
[08:23] {Les} Dino has changed the way I look at winnings
[08:23] {nemo} weird my charts show them a buck lower than yesterday on the QQQQs and SPYs, but the quotes are higher...go figure
[08:24] {Les} before it was +.05 or +.15 etc
[08:24] {Les} QCOM changed that yesterday
[08:24] {Les} +.31, +.34
[08:24] {Threei} you are impressionable, aren't you...
[08:24] {Les} high risk, but suitable reward
[08:25] {Threei} let me ask then, why my call on CAT didn't change it?? :)
[08:25] {Les} hey, those are big numbers for this newby
[08:25] {Les} wasn't here
[08:25] {Threei} low risk, just 15 cents
[08:25] {Threei} and went for 50 cents
[08:25] {Threei} and closer to a dollar for Ilana
[08:25] {Les} your cat trade would have made my day
[08:25] {Les} but was out doing taxi service for children
[08:25] {Threei} ah children
[08:25] {Les} followed by wine degustation
[08:26] {Threei} in some parts of the globe also known as spine-chewers
[08:26] {Les} I like wine a lot
[08:26] {Les} but I know now that I prefer to trade even more
[08:26] {Les} I won't leave screen for future degustations
[08:28] {Les} at least yesterday ended green. I could mess around with QCOM and still walk away without losing my shirt
[08:30] {Threei} US) Q4 ADVANCE GDP Q/Q ANNUALIZED: 5.7% V 4.7%E; PERSONAL CONSUMPTION: 2.0% V 1.8%E
[08:30] {Threei} US) Q4 EMPLOYMENT COST INDEX: 0.5% V 0.4%E
[08:30] {Threei} *(US) Q4 ADVANCE GDP PRICE INDEX: 0.6% V 1.3%E; CORE PCE Q/Q: 1.4% V 1.3%E
[08:31] {Threei} KERX Announces Positive Phase 2 Study Results of Perifosine as a Single Agent for the Treatment of Advanced Waldenstrom's Macroglobulinemia (2.76, 0.00, 0.00%)
[08:45] {Threei} KERX is almost all the way back
[08:47] {Threei} weirdo.... useless probably
[08:47] {Threei} news is not thatg earth0shuttering either
[08:48] {nemo} amzn beginning to move
[08:52] {nemo} wow, spy just had quite a run of volume
[08:52] {nemo} wtf?
[08:53] {nemo} looks like the bernanke rally this morning
[08:54] {fernp} Good morning everybody
[08:55] {Threei} fern :)
[08:55] {larisa} gm :)
[08:55] {Threei} larisa :)
[08:55] {larisa} fern, nemo, vad :)
[08:55] {Threei} I don't know how much it has to do with him, nemo
[08:55] {Threei} his confirmation was never really in question, IMO
[08:55] {Threei} some posturing by political figures, that's all
[08:56] {nemo} alright...the ppt is at it again....better
[08:56] {i2romantis} gm all :)
[08:56] {Threei} ir2 :)
[08:57] {strider} fcx lvl 2 not right.
[08:57] {strider} or not with chaert and t&s
[08:58] {strider} t&s and chart seems stuck
[08:58] {Threei} TM Follow up: US House Energy and Commerce Committe to hold hearings on sticking pedal issue in Feb, 2010
[08:58] {Threei} hearings?
[08:59] {Threei} what do poiticans have to say about this?
[09:00] {Threei} (US) Obama Administration plans to create commission to examine the future of nuclear waste storage (related SO CEG FPL USU CEI.FR )
[09:01] {Threei} plans to create commissions - does it mean they create commitee to study the necessity to create commissions?
[09:05] {Threei} BCRX WBB Securities Initiates BCRX with Buy, price target: $8.50
[09:07] {Threei} CNN: "as long as driver knows how to stop the car"...
[09:07] {Threei} who the hell gives driver lisenses to people who don't???
[09:09] {larisa} so how do you stop it if pedal got stuck ? :)
[09:09] {larisa} {just checking if vad reallly knows}
[09:10] {nemo} put your feet on the ground like Fred in the Flintstones
[09:10] {larisa} lol
[09:10] {strider} look for a large tree.
[09:11] {Les} ram the car in front of you
[09:11] {Les} and then sue toyota for 10 million
[09:15] {Les} fake bids on KERX .85?
[09:15] {Les} fake offers sorry
[09:21] {ese} good morning
[09:22] {fernp} gm ese
[09:22] {Threei} ese :)
[09:22] {Threei} larisa, I didn't know but CNN explained...
[09:22] {ese} fern...vad
[09:22] {Threei} they created a song
[09:22] {Threei} "hit the brake, switch to neutral"
[09:23] {Threei} or something like that
[09:23] {ese} sold ek yesterday at .81 +.19 on 20k around 2:30
[09:23] {strider} WFC nice consol
[09:25] {ese} am still in cien....added some
[09:27] {lasertrev} good morning
[09:27] {Threei} trev :)
[09:27] {nemo} hey come my qqqq and spy chart show lower data, and quotes show them up?
[09:28] {ese} trev
[09:28] {strider} morning everyone.
[09:28] {lasertrev} let me look in to it nemo
[09:29] {ese} st
[09:29] {Threei} strider :)
[09:29] {fernp} gm st
[09:29] {strider} :)
[09:29] {nemo} dude, dunedin
[09:29] {ese} dude
[09:29] {strider} my QQQQ quotes and charts are in line, nemo
[09:29] {nemo} lucky you
[09:30] {strider} FCX was stuck for awhile, but it go' be'er
[09:30] {Threei} Long Setup: WFC .50 break
[09:31] {nemo} hwo about .48 break
[09:31] {Threei} yup
[09:31] {Threei} .35 support for stop
[09:31] {Threei} .40 for hard core scalpers
[09:31] {nemo} ha, missed it
[09:32] {_moeberry} I don't get it. when u said long WFC .50 we buy @ .50?
[09:32] {Threei} needs a little market help
[09:32] {Threei} has a lot of potential
[09:32] {nemo} break of .50 moe
[09:32] {dino} gm all
[09:32] {Threei} dino :)
[09:33] {Les} dino ciao
[09:33] {dino} :)
[09:33] {Threei} moe, sorry, let's get into theory after the morning rush is over
[09:33] {_moeberry} sure
[09:33] {_moeberry} thanks
[09:34] {Threei} market is not very cooperative
[09:34] {Threei} let's trail to under .40
[09:36] {Les} out flat
[09:37] {dino} chicago pmi at 9:45
[09:37] {ilana} some news are coming out, market is nervious
[09:38] {_moeberry} Market has been nervious, because obama got pissed of why martha coakley didn't win lol
[09:39] {Threei} US) White Econ Advisor Romer: Should not read too much into a single report on the economy as there will be further bumps down the road
[09:39] {Threei} now, if report was positive... then we would be encouraged to read it as a sign of recovery
[09:39] {dino} confidence inspiring
[09:39] {Threei} WFC 1:1 for scalpers
[09:40] {fernp} ty Vad
[09:40] {Threei} fern is a scalper... who would have thought
[09:40] {nemo} say it ain't so...
[09:41] {Threei} your world is crashing nemo?
[09:41] {nemo} sniff
[09:41] {fernp} my mother doesn't know it
[09:41] {Threei} we won't tell
[09:41] {nemo} ay carumba
[09:41] {fernp} thanks a lot
[09:41] {Threei} stop to under .45 on WFC
[09:42] {Threei} time to tighten risk to "ridiculously small"
[09:42] {Threei} PMI is good
[09:42] {Threei} 1:1 for daytraders
[09:42] {Threei} half out, stop to under breakeven
[09:43] {Les} nice one on wfc
[09:43] {Threei} have some faith Les, will ya... what's with desire to accept no risk whatsoever
[09:44] {Threei} cutting risk down to zero you simply take yorself out of the game
[09:44] {Threei} and as stupid coaches say, have to be in to win
[09:44] {Les} right. anecdotal observation that opening trades go wonky on me. but the evidence before me suggest otherwise
[09:44] {nemo} well, wfc is establishing new support
[09:45] {dino} ytec sm l .60
[09:45] {Threei} WFC took out that enormous offer at .48, to which nemo referred wiht his question at the time
[09:45] {nemo} big offer at .65
[09:45] {Threei} that alone earned it some respect
[09:45] {Threei} US) JAN CHICAGO PURCHASING MANAGERS: 61.5 V 57.2E
[09:46] {Threei} offer 1/4 more at .76
[09:47] {dino} crm sm l .06
[09:48] {Threei} URRE... trying to move on that nuclear news
[09:48] {Threei} US) Obama Administration plans to create commission to examine the future of nuclear waste storage
[09:48] {Threei} - administration aims to increase loan guarantees for new reactors to more than $55B.
[09:50] {Threei} US) Preview: Jan Final University of Michigan Confidence due out at 09:55ET
[09:50] {Threei} **consensus expectation: 73.0e v 72.8 prelim
[09:50] {Threei} 1/4 more out WFC
[09:51] {Threei} stop for the last portion to under .60
[09:52] {dino} esi blood
[09:53] {dino} sm l .38
[09:53] {ese} what err ya thinkin dino
[09:54] {ese} that answers that
[09:54] {dino} a buck or two
[09:54] {ese} L esi .45
[09:54] {dino} stop is .99
[09:54] {Threei} ok, let's get more aggressive
[09:55] {Threei} stop to under .70
[09:55] {ese} i'll go with that for
[09:55] {Threei} and let's see if we get spike to or over .90
[09:55] {ese} 500 shs
[09:55] {Threei} to exit last part
[09:55] {dino} at 300 here
[09:55] {Threei} - 1 yr median inflation expectations at 2.8% v 2.1% Dec final.
[09:55] {Les} s slw .23
[09:57] {Threei} I want to short GLD badly
[09:57] {Les} slw is a bit safer for me
[09:57] {Threei} .50 is tempting support to break
[09:58] {Threei} not a nice stock on this kind of breaks though
[09:59] {Les} AUY getting squeezed too.
[09:59] {dino} giddy-up esi
[09:59] {Threei} I swear it goes to 105 today...
[09:59] {Threei} and quite possibly lower
[09:59] {dino} watch your mouth
[09:59] {Les} what GLD?
[09:59] {Threei} but finding entries on this one is a real PIA
[09:59] {nemo} quote server please
[09:59] {Threei} 18
[10:00] {ese} esi vad? 105
[10:00] {nemo} ty
[10:00] {Threei} I was talking about GLD ese
[10:01] {ese} tks
[10:01] {Threei} TM Follow up: European recall of eight models could include up to 1.8M vehicles (77.31, -0.36, -0.46%)
[10:02] {strider} CELM open IPO
[10:02] {ese} am loving my cien position right now
[10:02] {Threei} China Electric Motor
[10:02] {Threei} US) President Obama sets a 28% cut for emmissions for the US Government by 2020
[10:02] {Threei} sigh
[10:03] {Threei} AONE Hearing strength attributed to rumor of supply contract (17.35, +0.74, 4.46%)
[10:03] {Les} it can be done. build shoddy new generation of reactors ASAP
[10:04] {ese} man esi bounces around.....big quote swings.....that normal dino
[10:04] {Threei} [CELM] To offer 2.3M shares of common stock in IPO
[10:04] {Threei} that's all?
[10:04] {fernp} IBN, Vad?
[10:04] {fernp} 36 break?
[10:04] {Threei} I doubt it
[10:05] {fernp} ok
[10:06] {fernp} and DIS, Vad?
[10:07] {Threei} for a scalp, could be, if market helps
[10:07] {fernp} ty
[10:08] {dino} yes es
[10:09] {Threei} Short Setup: GLD .50 break half lot
[10:09] {Threei} if stays under .70
[10:10] {Threei} GS Hearing Meredith Whitney making positive comments (151.99, -1.30, -0.85%)
[10:10] {Threei} wow... someone has anythiong positive to say about GS
[10:10] {Threei} that's new
[10:11] {Les} she a GS spokesperson is she?
[10:11] {Threei} hmm?
[10:11] {Les} paid spokesperson. thought she was independent analyst.
[10:11] {Threei} yes
[10:12] {Les} these friggin PM miner's don't wanna go down
[10:12] {Threei} how is she paid spokesperson
[10:13] {Threei} hearing Whitney speculates that Goldman will give up its Bank charter status soon to avoid new stricter rules on banks.
[10:13] {Threei} - Note: Whitney cut her GS estimates to inline with consensus on 1/5 before the 1/21 earnings
[10:14] {Threei} GLD, aggressive entries are still the best for it, but it's almost impossible to find the stop level for those
[10:14] {nemo} entry at .70 on the trend would have implied, to my deranged mind, a stop above .80
[10:15] {Threei} entry near .70 would be ideal, yes
[10:15] {Les} AUY and SLW remain alternative vehicles for shorting. but none want to go down. somethings got to give
[10:16] {nemo} spy has that inverted H&S look
[10:16] {Threei} NFLX... thing knows no limits
[10:16] {dino} spain unemployment 18.8%
[10:17] {Threei} GLD invalidated for now
[10:17] {nemo} maintained trend though
[10:17] {Threei} yes
[10:18] {Les} gld about to encounter 50 ma on 1 min. could come down quicker than anticipated.
[10:18] {ese} i'd like to repeat dinos giddy-up esi!!!
[10:19] {dino} not working
[10:19] {dino} stop is .99
[10:20] {nemo} it's also about to break trend but because of that 8.51 spike in volume I can't tell what's upp
[10:20] {dino} ioc down again
[10:20] {ese} yep.....i've got that hard wired
[10:21] {Threei} Long Setup: X .20 break half lot
[10:21] {nemo} ops
[10:21] {Threei} wait for pullback
[10:21] {ese} saved by the bell
[10:21] {Threei} jumped a bit too fast
[10:22] {Threei} C&H
[10:22] {Threei} 1:1...
[10:22] {Threei} not muchg chance for entry
[10:22] {Les} stopped slw
[10:24] {ese} funny.....escaping with the hair on my chinny chin chin
[10:24] {dino} so far
[10:24] {ese} moved my stop to .95.....just a tad more wiggle room
[10:24] {dino} .97
[10:24] {ese} couple of bucks ain't gonna hurt me
[10:24] {dino} stoped
[10:24] {dino} stopped
[10:24] {ese} same clipped
[10:24] {nemo} 'ally today
[10:24] {dino} i will try a buck or so lower
[10:25] {dino} crm good girl
[10:25] {fernp} DIS 1:1
[10:25] {nemo} db would be above .79
[10:26] {Les} POG rising rapidly
[10:26] {Les} $pog
[10:26] {nemo} 200 ma right here
[10:26] {dino} crm out .08, +1.02
[10:26] {fernp} SOA, Vad?
[10:27] {Threei} not delighted
[10:27] {fernp} ok ty
[10:28] {dino} tough crowd
[10:29] {ese} lol
[10:29] {larisa} sensitive man :) gj dino
[10:29] {Threei} just fuill of jealousy dino
[10:29] {dino} lol
[10:29] {Threei} if we pretend we don't see it, we convince ourselves it didn't happen
[10:29] {dino} ytec to .84
[10:30] {ese} look at that bees hivin thing dino
[10:30] {Threei} watch X for possible hard pullback into 47
[10:30] {ese} big buy ins too
[10:30] {Threei} new long entry for bounce if that happens
[10:30] {dino} ?
[10:30] {ese} esi
[10:31] {dino} ohh
[10:31] {ese} well at least too big volume bars
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 238M shares, about 5% below its three-month average; advancers lead decliners by 5.5:1.
[10:31] {Threei} - NASDAQ volume 620M shares, about 25% above its three-month average; advancers lead decliners by 3.1:1.
[10:31] {Threei} - VIX index -3.75% to just under 23.00
[10:31] {fernp} AA, Vad?
[10:32] {fernp} 30 break?
[10:32] {dino} was feeling 100s esi after that break. felt like magnet, but i was wrong
[10:32] {Threei} I'd like to see couple more min of consolidation first
[10:32] {fernp} ok
[10:33] {dino} ioc 78 to 62 in 5 days
[10:33] {Threei} Short Setup: VXX .10 if stays under .20
[10:34] {Threei} .12 meltdown/break is a trigger acvtually
[10:35] {Threei} AA becames better fern
[10:35] {fernp} watching it
[10:36] {ese} olympic commision.......those buggars have a stock.....i hope the damn things tanks even more....christ it's costing us alot of tax dollars here ....ticks me off
[10:37] {ese} wrong ioc........?
[10:37] {fernp} VXX still valid, no?
[10:37] {dino} ytec to .00
[10:37] {Threei} yes
[10:37] {Threei} not anymore
[10:38] {fernp} :-)
[10:39] {dino} out ytec .05, +.45
[10:39] {nemo} esi dino
[10:40] {dino} hmmm
[10:40] {dino} heck of a 2 day drop
[10:40] {nemo} yeah, if not db here could go some more
[10:40] {dino} showing gap around 98
[10:41] {dino} wondering if that is the siren song
[10:41] {fernp} X, vad
[10:41] {dino} edu, apol hold well against it
[10:42] {nemo} volume
[10:42] {dino} ioc thoughts
[10:42] {Threei} X precision of the bounce is beyond crediblew
[10:42] {fernp} AA ready
[10:42] {Threei} 47 exactly
[10:43] {Threei} anyone took itz?
[10:43] {ese} siren song..........ya.....i like thats.....seems so much more hmmmmm humane
[10:43] {fernp} no here
[10:43] {larisa} but this was downtrend bounce. had to take 10:20 bounce to 47 :)
[10:43] {nemo} 60.60 area dino
[10:43] {larisa} this one had to be fast
[10:44] {nemo} could go to 60
[10:45] {dino} thx nemo
[10:45] {Threei} ok... moe, you here?
[10:46] {dino} moe money
[10:46] {strider} WFC dbl top
[10:46] {ese} moe betta blues
[10:46] {nemo} she ain't taking long to get there, is she dino
[10:47] {Threei} earth to _moeberry: let me know when you are here so I could answer your question from before
[10:47] {larisa} you need to create FAQ section or something :)
[10:48] {Threei} there is one
[10:48] {Threei} but who is reading it
[10:48] {larisa} lol
[10:48] {Les} there is?
[10:48] {nemo} yeah, but you have to be able to read Les
[10:49] {Threei}
[10:49] {Threei}
[10:50] {dino} nemo nice call 60.60
[10:51] {i2romantis} out YTEC +.45
[10:51] {Threei} nice
[10:51] {ese} gj i2
[10:51] {i2romantis} missed out on the early entry, but that worked out ok as well
[10:52] {dino} gj
[10:52] {i2romantis} thx :)
[10:54] {nemo} rimm declining trend to base, might be short
[10:55] {nemo} jumped over trigger
[10:55] {nemo} bastid
[10:56] {nemo} PMTFO
[10:58] {dino} poking my eyes w/hot nails for missing ioc entry
[10:58] {nemo} you like rimm .30 break if holds .20, on volume increase of course, and market
[10:59] {nemo} bounced right on pivot support dino
[11:00] {Threei} Toyota Motor Corp Reportedly Toyota expects to finalize its fix for recalled vehicles by early next week - unconfirmed report
[11:00] {Threei} - Reportedly Toyota management believes resumption of sales by the third week of Feb is a very optimistic forecast and assumes a smooth roll out of the accelerator fix. No decision yet on whether production idling at six North American plants will be extended past the one week halt planned for the first week of Feb.
[11:00] {Les} x ,80 b/d?
[11:01] {dino} esi in 100s
[11:01] {Threei} wow X
[11:01] {Les} crap
[11:03] {Threei} what Les?
[11:04] {Les} x
[11:04] {nemo} find the next one
[11:04] {dino} hey larisa, that 10,000 held yesterday
[11:04] {larisa} I changed my mind, you ara not a chicken :)
[11:05] {dino} lol
[11:05] {nemo} rooster
[11:05] {dino} being tame nemo
[11:05] {nemo} yeah
[11:06] {ilana} is VXX short ETF, moves in opposit direction?
[11:06] {nemo} no, it represents volatility not inverse of volatility
[11:07] {ilana} strange, it looks like it is moving in opposite way
[11:08] {nemo} qs about to keel?
[11:08] {Threei} nemo... say what?
[11:08] {Threei} represents volatility not inverse of volatility
[11:08] {nemo} qs near support look at X
[11:08] {Threei} not sure I understood
[11:08] {nemo} yeah it's not a short etf
[11:08] {Threei} oh, OK
[11:09] {Threei} Ilana, it tracks VIX in a way
[11:09] {nemo} if x drops .40 can go to .12
[11:10] {Les} slw .20 b/d with market help
[11:16] {fernp} WFC on highs
[11:17] {Threei} salmon
[11:17] {fernp} FAS falling, SPY falling, but WFC not
[11:18] {fernp} 29 break vad?
[11:19] {Threei} I think so
[11:19] {Threei} market reversal would make this trade better
[11:20] {_moeberry} when are we going to stay in a down market for?:(
[11:20] {Threei} hmm?
[11:20] {_moeberry} it's all your fault threei lool
[11:21] {dino} wow
[11:21] {Threei} almost everything is my fault
[11:21] {Threei} especially if you listen to my wife
06[11:21] * nemo slaps _moeberry around a bit with a large volume of RealityTrader Trading room Etiquette
[11:22] {dino} esi wants that gap
[11:22] {Threei} now, you want answer to youre earlier question, or you akready found it?
[11:22] {fernp} what is the question?
[11:23] {Threei} [09:32] {_moeberry} I don't get it. when u said long WFC .50 we buy @ .50?
[11:23] {dino} 3i, are wives must be related
[11:23] {nemo} are=our
[11:23] {fernp} aaaah!, easy one
[11:23] {dino} lol opps
[11:23] {_moeberry} no
[11:23] {Threei} I think most of them are...
[11:23] {_moeberry} please tell me
[11:23] {Threei} ok
[11:23] {_moeberry} what does that mean?
[11:23] {nemo} They're ALL sisters
[11:24] {Threei} our setups are structured in a way that tells you the trigger for entring,
[11:24] {_moeberry} Okay.
[11:24] {Threei} and sthe level where stop should be placed if a trade is triggered
[11:24] {Threei} or where the trade is invalidated if no trigger
[11:24] {Threei} Example:
[11:24] {Threei} Long Setup: SOMETHING .50 break if holding above .40
[11:25] {_moeberry} okay
[11:25] {Threei} Something breaks - .50 - you buy
[11:25] {_moeberry} ahhh I see
[11:25] {Threei} Something drops under .40 - take the stop,
[11:25] {_moeberry} so let's say
[11:25] {Les} s wfc small shares .83 stop hod
[11:25] {Threei} Something drops under .40 before breaking .50 - trade is cvanceled
[11:25] {_moeberry} XYZ is @ 15.20
[11:26] {_moeberry} and you made a alert on xyz .50
[11:26] {_moeberry} so I only buy if it reaches anything over .50?
[11:26] {Threei} formally, yes,
[11:26] {Threei} but
[11:26] {_moeberry} ahh
[11:26] {Threei} there are also different types of entry
[11:26] {_moeberry} and my stop will be .40 or under?
[11:26] {Threei} read this:
[11:27] {Threei}
[11:27] {_moeberry} okay sure.
[11:27] {_moeberry} Thanks
[11:27] {Threei} and overall, browse this:
[11:27] {Threei}
[11:27] {Threei} a lot of your questions will be answered in there
[11:29] {ese} moeberry......vad hasn't mentioned the sharing nature of the board yet.........when you make a buy buy an equal amount of shares for the rest of us and deposit directly into our accounts if there is a profit
[11:30] {Threei} actually, you deposit it into my account,
[11:30] {ese} i can see this now.....vad is staring at that post in utter horror
[11:30] {Threei} and I do the distribution for a small administrative fee of only $999.95
[11:30] {ese} wait a minute my fee was 2099.00....whats going on here?
[11:30] {dino} and i will gladly pay you tomorrow for a hamburger today
[11:31] {_moeberry} huh?
[11:31] {_moeberry} lol
[11:31] {Les} lol
[11:31] {ese} very intuitive dino.......and well said
[11:31] {Threei} you have a privileged price reserved for close friends and neighbors, ese
[11:31] {_moeberry} I didn't understand a word lol
[11:31] {Les} you did see my remarks about "mad house" this morning moe
[11:32] {ese} thats ok........we'd don't understand what were saying half the time either
[11:32] {Threei} (US) President Obama: formally unveils new jobs tax credit; job growth still lagging despite economic improvement
[11:32] {_moeberry} loooooool
[11:32] {_moeberry} ese
[11:32] {dino} welcome to the jungle moe
[11:32] {Threei} hey, look at this:
[11:32] {Threei} (US) US President Obama: Q4 GDP is a stark improvement, the data "affirms our progess" (related TLT SHY IEF )
[11:32] {Threei} told ya
[11:33] {Les} ave in wfc .74 (short)
[11:33] {Threei} positive report - see, we are improviong
[11:33] {dino} s/p fills open gap
[11:33] {Threei} negative - ah, but the road up is not straight, never mind
[11:33] {ese} same here......welcome moe
[11:34] {ese} heck of a dive by esi dino
[11:35] {dino} cpsi
[11:35] {dino} i want 98
[11:35] {nemo} How's it feel to want?
[11:35] {_moeberry} taking some STX here
[11:36] {Threei} why?
[11:37] {dino} lol
[11:37] {ese} interesting question you "want" an answer
[11:38] {Threei} seriously, moe... what is it you see in STX??
[11:38] {dino} the way i see it, it's play and simple, they got it and i want it
[11:38] {Threei} no volume
[11:38] {Threei} narrow
[11:38] {Threei} sits at the low of long term tange
[11:38] {Threei} very likely to make new lows
[11:38] {ese} lol
[11:41] {dino} esi 98
[11:41] {nemo} rimm .90 break stop .75 on volume
[11:42] {ese} i'll be......just saw tht
[11:42] {ese} that
[11:42] {ese} esi
[11:42] {nemo} no volume yet though
[11:42] {ese} and it's heading lower
[11:42] {dino} wow right thru gap
[11:42] {strider} I hate rimm
[11:42] {strider} fyi
[11:43] {dino} was 115 two days ago
[11:43] {nemo} as if I care
[11:43] {strider} I know
[11:43] {Les} bloody hell. WFC is getting pumped
[11:43] {strider} I will short it on occasion, though.
[11:43] {dino} sm l .00
[11:43] {dino} esi that is, risky
[11:43] {ese} lucky shorts thats for sure
[11:44] {dino} what occasion ?
[11:44] {strider} on those occasions when it's going down.
[11:44] {Threei} happy occasion
[11:44] {dino} lol
[11:44] {Threei} see... told yoyu
[11:44] {Les} x returning to lod
[11:44] {Les} seems to be easier on the shorts than slw
[11:45] {dino} esi stop is lod fwiw
[11:45] {dino} pulp stock
[11:45] {strider} FCx
[11:45] {strider} wide stop
[11:46] {dino} indeed, but sm shares
[11:46] {ese} did i miss a post....are you short dino esi
[11:46] {dino} long
[11:46] {ese} where
[11:46] {dino} but otm
[11:46] {dino} .00
[11:47] {dino} stopped
[11:47] {ese} 98?
[11:48] {dino} unfortunately
[11:48] {ese} wow fella....gutsy play
[11:48] {dino} gap play
[11:49] {dino} and now it comes back, rinse
[11:49] {dino} awwww mannnnnn swiper move
[11:51] {ese} i for one stand in awe.....that would have taken nerve to pull the trigger on that
[11:51] {nemo} or brain damage
[11:52] {ese} rotflol
[11:52] {dino} 300 w/risk defined, whats the big deal as long as keep stop. thing went to 97.57, bounced to 98.20s, used gap at 98, plus .00 break as trigger
[11:52] {nemo} so much for polite, huh dino?
[11:52] {ese} i have to admit nemes'.......your timing is impecable
[11:53] {dino} i grew up that way nemo, pretty thick skinned
[11:53] {strider} remember, he's a vampire.
[11:53] {nemo} actually, I'm very sensitive
[11:53] {fernp} WFC still there, VAd
[11:53] {Threei} toughie fern
[11:53] {dino} my family was never a rah, rah type.
[11:54] {ese} well.......with the brain damage'll be thickening up real soon
[11:54] {nemo} roger that
[11:54] {dino} favorite words were dumb ass. heard that millions of times
[11:54] {nemo} Yeah, my nickname for my nephew is DH, his two friends are DF and DB
[11:54] {dino} in any case es, my entry was pretty good just a minute too early
[11:55] {ese} guys!!! too funny
[11:56] {ese} it was dino for sure........i wouldn't of had the guts to do it
[11:56] {dino} now it's just taunting me, ugh
[11:56] {nemo} we've got some defined DBs in mos X and FCX now
[11:56] {ese} is it ever
[11:57] {dino} fcx sm l .50
[11:57] {nemo} oh, and it's frickin' lunch on Friday
[11:58] {ese} right then.......i'll get my champagne
[11:59] {nemo} that's not fair market
[11:59] {Les} nice one
[11:59] {strider} cover short C +.20
[11:59] {strider} X
[11:59] {strider} not C
[11:59] {dino} stopped fcx -.31
[11:59] {strider} _notvad typed that for me.
[11:59] {dino} mkt dropped.
[12:00] {ese} good one st
[12:00] {nemo} you marry it fur crissakes dino?
[12:00] {strider} t'anks, ese
[12:00] {dino} what?
[12:01] {dino} gj strider
[12:01] {nemo} kiddin' the stop on fcx
[12:01] {ese} triple bottom one minute chart st......looks like a good time to exit
[12:01] {dino} sm=300, no real harm
[12:02] {Threei} YESSS!!!
[12:03] {Les} x
[12:03] {fernp} QID, Vad?
[12:04] {Threei} oops
[12:04] {Threei} I just can't tell
[12:05] {Threei} instincts say yes,, we continue dropping,
[12:05] {fernp} i think so
[12:05] {Threei} Friday, lunch time - brain says do not commit
[12:05] {patience} yup
[12:05] {Threei} perfect time for unexpected moves with brutal shakeouts
[12:06] {dino} dji open gap fill
[12:06] {dino} ioc nemo, i defer to you
[12:06] {nemo} back there again, huh
[12:08] {nemo} breaks below .68 next stop .36 but should be some interference.
[12:08] {fernp} out here .19
[12:08] {fernp} +.08
[12:09] {fernp} lucky
[12:09] {Threei} BTW
[12:09] {Threei} GUESS WHO IS ON tv
[12:09] {larisa} oBAMA?
[12:09] {Les} orson welles?
06[12:10] * nemo slaps Les around a bit with a large rosebud
[12:10] {Threei} wow Larisa
[12:10] {larisa} I decided to get it right so you can stop asking this question :)
[12:10] {Threei} first time in history of this room this question was met weith seriousness and truth
06[12:10] * nemo slaps larisa around a bit with a large sense of humor
[12:11] {larisa} I have great sense of Humor, but getting tired of same jokes :)
[12:11] {larisa} sorry
[12:11] {Threei} well, we don't
[12:11] {Threei} or at least I don't
[12:11] {nemo} what do you expect when you hang around with the SAME insane people?
[12:11] {larisa} I know
[12:11] {Threei} so when I do stumble onto a joke, I tend to milk it to the end
[12:11] {Threei} to the bitter ewnd I may say
[12:12] {fernp} who is insane, moe?
[12:13] {nemo} he's here isn't he
[12:13] {fernp} big truth
[12:13] {dino} opps wrong stock
[12:17] {dino} china stocks holding better today, snda, pwrd, cagc, rino, jst
[12:19] {dino} get him off the tv, he is death to the markets
[12:24] {dino} esi sm l .00
[12:25] {dino} fcx gap fill from oct
[12:31] {Threei} US) Reportedly Obama administration will notify Congress of proposed $6B sale of arms to Taiwan
[12:31] {Threei} - Sale expected to include helicopters and missile defense technology
[12:31] {Threei} China is applauding I beilieve
[12:32] {dino} oh boy
[12:36] {Les} yeh that's the only stuff the US makes nowadays
[12:36] {strider} RMBS
[12:36] {nemo} we didn't break 1080
[12:37] {Les} gotta go. another bloody aperitif followed by dinner with neighbours.
[12:37] {Threei} lol
[12:37] {nemo} sucks being you
[12:37] {Threei} poor you
[12:37] {Les} damned swiss and their damned drinking habits ;)
[12:37] {Les} until MOnday
[12:37] {Threei} try my way Les
[12:37] {nemo} pot calling the kettle black...sheila
[12:37] {Les} what's that?
[12:38] {strider} SNDK
[12:38] {Threei} rum in one hand, nahama-mama in another to wash rum down with... tell them that's how they must do it,
[12:38] {Threei} you are going to have a hell of a party,
[12:38] {Threei} they are going to have hard time
[12:38] {dino} stopped again esi, done w/it today
[12:38] {Les} unfortunately my wife becomes a bit loud at such times
[12:38] {Threei} I'll refrain from comments
[12:38] {Les} ciao.
[12:39] {fernp} ACI dino, .80 break is interesting
[12:39] {dino} cya les
[12:39] {fernp} bye les
[12:40] {dino} cie
[12:40] {nemo} frickin' chart candles look right, but the volumes aren't indicating the moves,
[12:40] {dino} up fern?
[12:41] {dino} market feeling heavy
[12:41] {fernp} yes
[12:50] {dino} itri sm ave.85 l
[12:52] {dino} tex sm l .35
[12:55] {fernp} out ACI +.16
[12:55] {dino} gj fern, i didn't feel it
[12:56] {dino} ua off of .25, l w/stop .99
[12:56] {fernp} a bit of luck
[12:56] {dino} gut feel we close at hod
[12:58] {dino} always help
[12:58] {dino} es death continues
[12:58] {dino} esi
[12:59] {Threei} nemo
[12:59] {nemo} you
[12:59] {nemo} yo
[12:59] {Threei} you said something the other day about mass intelligence
[12:59] {nemo} lack of it
[12:59] {Threei} intellige this:
[12:59] {Threei} 38% Say U.S. and Allies Winning War on Terror
[12:59] {nemo} further confirmation
[12:59] {nemo} I'm an H.L. Mencken fan myself
[13:00] {dino} problem is what are you supoosed to do
[13:00] {Threei} tibet
[13:00] {Threei} monastery
[13:00] {Threei} cave
[13:00] {Threei} beer
[13:00] {dino} last one
[13:00] {fernp} beer is ok
[13:05] {Threei} GILD
[13:06] {Threei} quite remarkable sttrength
[13:06] {strider} Gilead announces share repurchase program
[13:07] {nemo} I'm amazed at amzn's relative weaknes today given it's numbers, that buyout must have people worrie
[13:07] {nemo} d
[13:08] {Threei} I still think it's AAPLs tablet that gives AMZH buyers pause
[13:08] {nemo}
[13:08] {Threei} yeah
[13:08] {Threei} tablet is widely feared to be a Kindle killer
[13:09] {Threei} and it's easy to see why
[13:09] {Threei} who would want a Kindle that can do nothing but read books if you can have tablet that can do everything
[13:10] {Threei} White House economic advisor Summers: believe the USD will play a central role for a long time to come
[13:10] {Threei} I hate to say it... but I agree with Summers
[13:11] {dino} totally
[13:15] {larisa} dino, never ever again i will call you chicken. trading stocks like ESI, you have to have iron nerves :)
[13:16] {Threei} it's opposite cause/effect larisa... he trades them because you called him a chicken and he wants to prove you wrong
[13:16] {dino} lol
[13:16] {larisa} nah, he was sick before i called him anything
[13:17] {larisa} was watching ESI under 97 for 5 minutes, could not make myself to buy even 300 shares
[13:20] {dino} 96.04 area support imo
[13:22] {nemo} joyg short?
[13:23] {Threei} probably...
[13:23] {nemo} left the station
[13:23] {Threei} there are no pronounced moves in the market
[13:23] {nemo} yeah, scalp
[13:23] {Threei} hard to judge the follow-up
[13:23] {nemo} dinero is dinero
[13:31] {dino} don't you mean dino
[13:31] {nemo} cat looking short
[13:32] {Threei} he means dinner with dino
[13:32] {Threei} costing dinero
[13:32] {nemo} talk to fern
[13:40] {dino} out itri .35, +.50
[13:40] {dino} back in 20
[13:42] {fernp} money is money
[13:42] {nemo} rimm
[13:42] {nemo} dinero es dinero
[13:42] {fernp} and tiempo es tiempo?
[13:42] {nemo} frickin' rimm
[13:48] {Threei} GILD... if market stages more or less meaninglful bounce next week, this one is a candidate for a nice run
[13:56] {fernp} MGYN, vad?
[13:56] {fernp} MYGN
[13:56] {Threei} salmon...
[13:56] {Threei} I doubt it has mucy perspectives for today
[13:56] {Threei} but worth keeping an eye on come Monday
[13:57] {fernp} ty
[14:09] {ese} .
[14:09] {nemo} ;
[14:10] {dino} neu
[14:10] {ese} was just loading my drums in my Landrover
[14:11] {nemo} tribal meeting?
[14:11] {ese} vad professional band The Midnights and The Vic High band are doing a cd/dvd taping session at Camosun College this evening in the Young Building it's open to the public........wha daaaa yaaa say ehhhhh!
[14:11] {nemo} send me a copy
[14:11] {ese} when vads there definitely tribal
[14:11] {patience} can i sing along ese?
[14:12] {ese} patience all you have to do is walk on've never seen the kids or my band
[14:12] {ese} 7:30 start
[14:12] {patience} i'll do my best :)
[14:13] {Threei} ese.. you sure you want me there??
[14:13] {ese} it's freeeeeeeeeee!!!!!!!!1
[14:13] {Threei} I am a "bad crowd"...
[14:13] {ese} always
[14:13] {ese} well true but.....
[14:13] {nemo} there has to be one,,,so you can be it
[14:13] {Threei} whistling... trying to climb the tribune with beer for the leading singer...
[14:13] {dino} as long as you don't sing you're welcome vad
[14:13] {ese} egzacally
[14:17] {strider} MYGN salmon
[14:18] {dino} neu beats pretty good, but destruction occurs, just like all the others
[14:29] {Threei} Market Internals update at 2:00pmET
[14:29] {Threei} - NYSE volume 660M shares, about 3% above its three-month average; advancers and decliners are about even.
[14:29] {Threei} - NASDAQ volume 1.82B shares, about 35% above its three-month average; decliners lead advancers by 1.2:1.
[14:29] {Threei} - VIX index -1.5% to just under 23.50
[14:32] {Threei} underestrimated MYGN's slamonness
[14:32] {dino} wow ndx -8% in 8 trade days
[14:37] {strider} Where's the afternoon trade, vad?
[14:37] {nemo} been a slow descent,,,,hop on the trend on pullbacks
[14:40] {strider} pullbackks, huh?
[14:40] {Threei} bounces
[14:40] {strider} you wanta point some of those out to me?
[14:40] {strider} :)
[14:41] {nemo} well, I've been scalping down on fcx, but it's basically been reading the tape and when it touches the 13 ma, I look to go short
[14:41] {Threei} my culprit is this:
[14:41] {Threei} most of days this week we had late day bounce
[14:41] {Threei} so I have troubles discerning whether it's the case today as well
[14:41] {Threei} doesn't loook like that
[14:41] {Threei} everything feels to me like more selling
[14:42] {Threei} look st GS testing lows on both intraday and daily
[14:43] {dino} sm l .00 neu risky
[14:44] {nemo} yeah, the volumes on these bounces or pauses doesnt really give any indication of changes of direction
[14:44] {strider} futs have bounced off lows 3 times.
[14:45] {nemo} that's called dead cat.
[14:46] {strider} then why were you suggesting I catch the rebounds?
[14:48] {Threei} GS another leg down
[14:48] {nemo} pullbacks from the downtrends short
[14:48] {Threei} FCX too
[14:50] {strider} MYGN is a freak of nature
[14:50] {Threei} total
[14:50] {strider} I did a stupid .20 scalp awhile ago.
[14:51] {Threei} RIMM is bounce candidate
[14:51] {nemo} what is stupi about a .20 scalp
[14:51] {strider} ihr
[14:55] {dino} rmbs wants that gap at 21.15
[14:55] {dino} scanners all red
[14:56] {dino} ndx -8.5% since 1/19
[14:57] {dino} 1730 gap ndx
[14:59] {nemo} PPT?
[14:59] {dino} nah
[15:00] {dino} amzn gives back
[15:00] {Threei} RIMM... watching for a pullback, double bottom, and bigger move up
[15:01] {Threei} should bottom around .45 - .50
[15:03] {dino} seems my gut was wrong at noon, felt hod for close. must be the atkins diet messing w/its' ability
[15:03] {Threei} lol
[15:03] {Threei} you are on arkins again?
[15:04] {dino} yeah, every jan. and feb.
[15:04] {dino} i keep it off until hunting season and holidays
[15:05] {Threei} no pullback RIMM
[15:05] {dino} cagc sm l .01 stop lod
[15:06] {i2romantis} nice market drop and some signs of recovery
[15:06] {i2romantis} seems that every time I talk to Vad I get back on track with my trading
[15:06] {nemo} yeah, they blocked up the artery
[15:06] {nemo} it's a small price to pay for sanity I2
[15:06] {Threei} that's my magic, i2r
[15:07] {i2romantis} yes :)
[15:09] {dino} neu stopped, .42
[15:10] {dino} wow that fell fast
[15:11] {dino} db on it
[15:13] {dino} pot under 100
[15:14] {Threei} RIm losing support
[15:14] {Threei} TM
[15:15] {Threei} RIMM is back into support
[15:15] {Threei} skightest help by market should make it bounce
[15:15] {nemo} I don't think anybody's buying this afternoon
[15:16] {fernp} i agree nemo
[15:16] {nemo} gracias
[15:16] {fernp} de nada
[15:16] {dino} yeah nemo, i give up
[15:16] {nemo} comprendo
[15:16] {fernp} are we bored?
[15:16] {nemo} no
[15:16] {nemo} irish/italian
[15:17] {nemo} and maybe a couple other things my grandmother wasn't too specific about
[15:20] {Threei} nice and easy RIMM
[15:20] {Threei} anyone took it?
[15:20] {nemo} wasn't watching
06[15:21] * Threei slaps nemo around a bit with a large attention-getter wrapped in sleep-ceaser and spiked with boredom-interrupter
[15:22] {nemo} I was watching fcx
[15:24] {fernp} oops!, missed RIMM. was watching pizzas, dont know which to choose
06[15:25] * nemo slaps fernp around a bit with a large can of anchovies
[15:25] {fernp} yeah!! anchovies... good idea
[15:29] {i2romantis} black olives...
[15:30] {nemo} italians are famous for pizza and spaghetti and invented neither
[15:31] {i2romantis} they know how to use good ideas
[15:31] {fernp} i've been living in Roma for 10 months
[15:31] {nemo} I liked Florence better, but....
[15:31] {fernp} i don't like his pizza
[15:32] {nemo} market broke major support today
[15:36] {Threei} lookie lookie RIMM
[15:41] {dino} bertolli
[15:44] {nemo} spy gonna' finish above 108
[15:47] {fernp} Have a nice weekend everybody. see you all on monday
[15:47] {Threei} taske care fern
[15:47] {strider} you too, fern.
[15:48] {dino} cya fern
[15:52] {Threei} short covering
[15:55] {nemo} does it make 108
[15:56] {Threei} I doubt it
[15:56] {Threei} it had its chance two min ago
[15:57] {nemo} yep, but that's a real important level, probably rally above on monday, and then we'll see
[15:59] {nemo} I gotta' go c u Monday
[16:00] {Threei} thank you all
[16:01] {Threei} have a great evening, see you on Monday
[16:01] {i2romantis} cheers
[16:01] {strider} see you vad.
[16:02] {dino} later all