Monday, May 24, 2010

May 24 2010

The day started on a shaky note as market jumped with not much rhyme or rhythm for a while, mixing wins with stops. Then things stabilized and we found a few very nice wins on FAS, FAZ, LVS - most for much nicer gains than normal.

Session Time: Mon May 24 00:00:02 2010

[08:01] {magoo} morning
[08:21] {Threei} US) Sen Gregg (R-NH): Some US States have similar problems to Greece - CNBC (update)
[08:21] {Threei} - California and Michigan have overspent
[08:21] {Threei} - Does not see how Germany can keep underwriting Greece
[08:22] {Threei} SNTA Results from Phase II trial of STA-9090 show clinical activity in non-small cell lung cancer
[08:27] {Threei} SEED Rodman & Renshaw, Inc. Resumed SEED with Market Perform, price target: $17
[08:29] {Threei} WFC
[08:29] {Threei} Wells Fargo & Co Treasury prices 110.3M warrants at $7.70/warrant
[08:29] {Threei} - The aggregate net proceeds to Treasury from the offering are expected to be $840,374,892. These proceeds provide an additional return to the American taxpayer from Treasurys investment in the Company beyond the dividend payments it received on the related preferred stock.
[08:29] {Threei} - The closing is expected to occur on or about May 26, 2010, subject to customary closing conditions.
[08:36] {strider} ODSY
[08:36] {strider} buyout offer
[08:36] {Threei} $27
[08:38] {dptl} good morning
[08:38] {Threei} dp :)
[08:39] {strider} CREE
[08:40] {strider} fslr
[08:40] {Les} morning
[08:40] {Threei} Les :)
[08:40] {Les} sorry for jumping the gun there friday
[08:41] {Les} or mouthing off without thinking too much
[08:41] {Threei} strider, could you have a look at your task manager,
[08:41] {strider} been watching it all morning.
[08:41] {Threei} see if the thing called indexsearching is running
[08:41] {Threei} and how much memory it's eating
[08:42] {strider} No.
[08:42] {strider} Index service filter daemon is.
[08:42] {strider} 45k in mem.
[08:42] {Threei} what windows do you have?
[08:42] {strider} XP pro.
[08:43] {strider} I upgraded from 8mg download to 16 over the weekend.
[08:43] {Threei} you may have ot upgraded to their ltest indexing mechanism then
[08:43] {strider} Also stripped unnec. memory hogs.
[08:43] {strider} ??
[08:43] {Threei} their index search is a serious memory hog
[08:43] {Threei} latest version at least
[08:44] {strider} currently have 25% Ram usage.....with 2 gig ram
[08:44] {Threei} I just remembered that I had similar problem to yours,
[08:44] {Threei} computer freezup for a brief period of time, a few seconds
[08:44] {Threei} spike in memory usage to 100% for that time
[08:45] {Threei} and killing this process mostly solved that
[08:45] {strider} k/ thanks. I'm watching mem usage today.
[08:46] {strider} I also have tended to run a CAD program in background. I'm killing that, at least at open.
[08:46] {Threei} still your usage looks horribly high
[08:47] {Threei} Laser, scanner, 5 tabs Chrome, IE, Outlook express and couple more programs run here routinely,
[08:47] {Threei} and when I sit still, memory usage is about 5%
[08:48] {Les} woha! you have how much memory on board?
[08:48] {Threei} 4G
[08:48] {Threei} EU) EU's Barroso: Calls Germany's desire to modify treaty as naive
[08:48] {Les} ok. 2 here, but it's enough
[08:48] {strider} If I don't get it straight with these mods, I'll get another 2 gig ram.
[08:49] {Threei} yeah guys, that's the eay to go - start insult germany
[08:49] {Threei} strider, do you have harddrive partitioned, or is it C only?
[08:50] {strider} I use a more detailed program called taskInfo.....has some features the infotask doesn't have ( I think). I can flush my RAM in just a few seconds.
[08:50] {Les} one thing I did to clean up my computer strider
[08:50] {strider} C only
[08:50] {Les} was to download ccleaner
[08:50] {strider} but using old partition type.
[08:51] {strider} forget what it's called.
[08:51] {Threei} OK... I have a few partitions, and I improved performance noticeanly by moving pagefile to other than C
[08:51] {Les} with ccleaner you can delete a lot of back ground programs that run on start up
[08:52] {strider} that's above my pay grade, vad. I'll look into that, have good friend that handles my computers.
[08:52] {ese} morning
[08:53] {Threei} 5 seconds operation if you have disk partitioned
[08:53] {Threei} ese :)
[08:53] {nemo} AWIAV?
[08:54] {Threei} yeah
[08:54] {Threei} in a blissful weekend oblivion
[08:54] {ese} whats new and exciting
[08:54] {Threei} Lost is over
[08:54] {Les} at 6am in the morning?
[08:54] {nemo} ahhh....I hit oblivion too this weekend, but I wouldn't call it blissful
[08:55] {Threei} ese, look dcc pls
[08:57] {strider} got RAM usage to 15%
[08:57] {strider} with 2gig
[08:58] {nemo} usage, or you only have 15% left?
[08:58] {Threei} what did you kill strider?
[08:59] {strider} mostly my CAD program :)
[09:00] {Threei} lol... why would you want to have it up during trading hours
[09:00] {strider} Also virus programs
[09:00] {strider} Because I get calls during the day and have to answer questions about drawings.
[09:00] {Threei} oh
[09:00] {strider} But I can keep it off at open.
[09:01] {strider} That's the onlly time I've had problems.
[09:01] {Threei} oh boy
[09:01] {Threei} RU) Russian PM Putin: Does not expect inflation to rise above 7% over next several years
[09:01] {Threei} and you think we got it bad?
[09:01] {strider} In fact, he insists on it.
[09:01] {nemo} GS strong this morning
[09:02] {strider} C upgrade
[09:03] {strider} But i don't (normally) run anything else on trading computer. All web stuff, email& other is on another one.
[09:04] {Les} interesting vad
[09:04] {strider} Also my MBT .
[09:04] {Les} found the performance monitor
[09:04] {Les} and the microsoft article:
[09:04] {Les} I see I can use more RAM
[09:05] {Les} as itunes maxes out pagefile usage
[09:05] {nemo} strider, you ever try ram defrag programs?
[09:05] {Threei} no such thing as too much RAM
[09:05] {strider}
[09:05] {Les} I see itunes is performance inhibitor on my pc
[09:05] {ese} such thing
[09:05] {strider} but I have a 'free ram' program.
[09:06] {nemo} download ram def XT and run it, see if it frees up more RAM for you. Windows SUCKS at memory management
[09:06] {nemo} Les, your binky is here
[09:06] {Les} DP!
[09:07] {Les} smack him dino
[09:07] {strider} thanks. I'll try that later in the day.
[09:07] {nemo} bidu strong
[09:08] {magoo} tech strong..aapl, goog bidu
[09:08] {nemo} rimm not really
[09:09] {Les} thanks nemo. found your program. will try it out later
[09:09] {Threei} with the way market swang on Fri, it's a totall coin toss whether we see strength of selloff today,
[09:09] {Threei} or we see both
[09:09] {Threei} and in what order
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:10] {strider} swang?
[09:11] {strider} you from west (by god) virginia?
[09:11] {Threei} I'll leave you to guess
[09:12] {strider} :)
[09:14] {strider} USB upgrade.
[09:14] {strider} Financials could be important today.
[09:15] {Les} found the level 2 mouse style on Laser. That makes life a bit easier
[09:15] {Threei} WFC...
[09:15] {Threei} not sure how the news impact it, chart is interesting
[09:15] {Threei} [08:29] {Threei} WFC
[09:15] {Threei} [08:29] {Threei} Wells Fargo & Co Treasury prices 110.3M warrants at $7.70/warrant
[09:15] {Threei} [08:29] {Threei} - The aggregate net proceeds to Treasury from the offering are expected to be $840,374,892. These proceeds provide an additional return to the American taxpayer from Treasurys investment in the Company beyond the dividend payments it received on the related preferred stock.
[09:15] {Threei} [08:29] {Threei} - The closing is expected to occur on or about May 26, 2010, subject to customary closing conditions.
[09:16] {Threei} something about SQNM chart makes me return to it
[09:16] {strider} Sequenom mentioned positively at Lazard Capital
[09:17] {strider} The firm thinks the company should to be able to commercialize a Down Syndrome test by the end of 2011 and expects shares to rally on Dr. Lo's data this summer.
[09:23] {shorty} GOOD MORNING
[09:23] {Threei} shorty :)
[09:24] {RonS} Top o' the morning all...S...
[09:24] {RonS} dino, i show that DSW reports tomorrow a.m., fwiw
[09:24] {Threei} Ron :)
[09:25] {Threei} ok guys, skipping first minutes
[09:25] {Threei} then see what shapes up
[09:27] {Threei} SQNM is one of candidates
[09:27] {Threei} not a fast trade most likley
[09:27] {lasertrev} gm
[09:27] {Threei} and I'd like to see a pullback first,
[09:27] {Threei} trev :)
[09:28] {Threei} then entry with reasonably tight stop and climb with market strength
[09:28] {magoo} SQNM large shares or to thin?
[09:28] {Threei} 1 lot I think
[09:28] {Threei} it varies
[09:28] {Threei} trades normally for a while, then if gets hot becomes jumpy
[09:31] {Threei} watching AIG
[09:31] {nemo} whoa bidu
[09:31] {Threei} Long Setup: AIG .10 break half lot
[09:32] {Threei} stop under .95, not \a scalp
[09:32] {magoo} in
[09:33] {dptl} in.12
[09:33] {nemo} is it trading slowly?
[09:33] {Threei} and magoo, I am not kidding about half lot
[09:33] {magoo} to late
[09:33] {Threei} jumpy one on the open
[09:33] {nemo} ese half-lot?
[09:35] {ese} sorry nemo was following following vvus
[09:35] {Threei} ok AIG, spike time
[09:35] {Threei} her we go
[09:35] {Threei} 1:1
[09:35] {nemo} jumpy as hell
[09:35] {ese} .50 break
[09:35] {nemo} on what ese?
[09:35] {nemo} ahhh
[09:36] {dptl} you out Vad?
[09:36] {Threei} half
[09:36] {dptl} stilk in
[09:36] {magoo} LVS moissed it
[09:36] {ese} L vvus .58.....slow fingers damn
[09:36] {jfjf64} mornin
[09:36] {Threei} [09:32] {Threei} not a scalp
[09:37] {Threei} jf :)
[09:37] {Threei} stop to under 36 for the balance
[09:38] {dino} ups sm l .35
[09:38] {ese} vvus stop to break even
[09:38] {Threei} nice setup ese
[09:39] {nemo} it's like the market is walking on eggshells
[09:39] {ese} tks........bad fill
[09:39] {ese} looked away for one second
[09:39] {Threei} out AIG
[09:39] {Threei} wash
[09:39] {ese} my own fault
[09:39] {dptl} sigh...stopped
[09:40] {dptl} could not get out at 1:1
[09:40] {Threei} why not hjave it laid outZ?
[09:40] {dptl} good ???
[09:40] {dptl} -.21 cheez
[09:41] {nemo} 60 grit trade
[09:41] {jfjf64} wfc s .15
[09:41] {nemo} is spy and Qs trading slowly?
[09:41] {Threei} wow
[09:41] {Threei} that's a whle lot of chasing jf
[09:41] {dino} ups stopped -.36
[09:42] {nemo} may be db on SPY
[09:43] {strider} long sqnm .07 stop 5.5
[09:44] {strider} 5.95
[09:44] {dptl} bp short?
[09:44] {Threei} too vertical drop
[09:46] {jfjf64} 1/1
[09:46] {magoo} LVS vad strong
[09:46] {jfjf64} out
[09:47] {jfjf64} 2nd 1/2 even
[09:47] {Threei} LVS needs dive under .50 and recross
[09:47] {Threei} with stop under .40
[09:47] {Threei} did that while I typed
[09:48] {Threei} pullback closer to .50 should be buyable
[09:48] {jfjf64} type faster pls
[09:48] {Threei} Long Setup: F .25 break
[09:48] {Threei} here is LVS agauin
[09:48] {Threei} same setup
[09:49] {jfjf64} in .51
[09:49] {dptl} l f .26
[09:49] {Threei} F stop for scalpers type 1 under .20, for day traders under .15
[09:50] {Threei} LVS 1:1
[09:50] {jfjf64} ty
[09:50] {Threei} should be capable of more with any market help
[09:51] {Threei} .80 at least
[09:51] {Threei} quite possibly more
[09:52] {shorty} out F
[09:52] {Threei} MGM Hearing takeover chatter circulating (timing uncertain) (12.56, +0.14, 1.13%)
[09:53] {dino} fdx sm l .50
[09:53] {Threei} very weird trading this morning
[09:54] {shorty} I might just call it a day if the next couple trades are rinses.
[09:54] {dino} stopped
[09:55] {dino} feeling the same shorty
[09:55] {Threei} no market cooperation
[09:55] {dptl} stopped f
[09:56] {Threei} second half LVS b/e
[09:57] {Les} am short bp as I experiment with laser. it is looking weak.
[09:58] {dptl} vz .55?
[09:58] {dptl} long?
[09:59] {Threei} I doubt it
[10:00] {Threei} US) APRIL EXISTING HOME SALES: 5.77M V 5.6ME (% M/M)
[10:00] {shorty} DELL Threei?
[10:00] {Threei} no play there
[10:01] {Les} scratch bp
[10:03] {Threei} Short Setup: WFC 29 break
[10:03] {Threei} if syas below .10
[10:04] {dptl} in.99
[10:05] {Threei} RGEN??
[10:05] {Threei} RGEN Receives Orphan Drug Designation from the FDA for RG2833 for Friedreich's Ataxia (3.57, +0.36, 11.21%)
[10:05] {Threei} unbelieavble jumpiness evetwhere
[10:06] {dino} dwa sm l .15
[10:06] {Threei} SEED is strong on that upgrade
[10:07] {dino} fcx sm l .00
[10:08] {Threei} let's cut WFC in half here
[10:08] {Threei} just to keep risk down
[10:08] {dptl} ?
[10:08] {Threei} ?
[10:08] {jfjf64} got hit wfc
[10:08] {dino} ?
[10:10] {shorty} out WFC full
[10:10] {dptl} stopped
[10:10] {Threei} second half stopped
[10:10] {dptl} got stopped i full
[10:11] {dptl} o boy....:(
[10:12] {jfjf64} lol
[10:16] {dino} out dwa .70, +.55
[10:17] {Threei} Rep Barney Frank selected to chair Financial Regulation Reform conference committee to reconcile the House and Senate bills - CNBC (related XLF )
[10:17] {Threei} nothing but the best for the job
[10:17] {nemo} Ahhhhhh.....the Potemkin Bill
[10:17] {nemo} bidu
[10:18] {nemo} hugging the open
[10:18] {dino} out fcx .15, +.15 mkt drop
[10:18] {Threei} market is trying to form C&H on 1 min
[10:18] {Threei} if it works, BIDU is .50 break long, and FAS 24 break long
[10:19] {nemo} big seller at .50 on Bidu
[10:19] {dino} tricked me
[10:19] {nemo} look at offer at .50 on bidu
[10:20] {nemo} market coughing up the furball
[10:26] {Threei} Long Setup: FAS .85 break if stays above .75
[10:27] {magoo} in fas
[10:27] {dptl} in
[10:28] {Threei} this is aggressive play for 24 break
[10:28] {magoo} yup
[10:29] {Threei} 10 cents stop vs about 15 cents for the first half and a lot more for second
[10:30] {magoo} mkts copperating
[10:30] {jfjf64} spy need to get over 109
[10:30] {nemo} 10:30 about time for a change
[10:30] {Threei} right jf
[10:30] {Threei} that's the play
[10:31] {jfjf64} c/h
[10:31] {Threei} after that market and FAS sgould be free
[10:31] {jfjf64} longs $$$$$\
[10:31] {Threei} whether it happens or not - as with all agressive entries, odds are about even
[10:31] {magoo} mkts feel UP to me
[10:32] {Threei} to me too
[10:32] {Threei} that's why I wanted aggressive entry
[10:32] {magoo} green close
[10:32] {Threei} break maybe very tough to get once it happens
[10:32] {magoo} in what?
[10:32] {magoo} lol
[10:32] {Threei} SMTS Confirms receipt of 510(k) Clearance From the FDA to Expand Features on Its Vital Sync Monitor (18.48, +0.61, 3.41%)
[10:33] {Threei} ]come on already, break out
[10:33] {jfjf64} aapl
[10:33] {magoo} aapl the tell here
[10:34] {dino} intc l .00
[10:34] {Threei} half out
[10:34] {ese} L nuan .63
[10:34] {Threei} +.15 as planned
[10:34] {dptl} out half
[10:34] {Threei} offer 1/4 at 24.15
[10:34] {dino} qcom l .00
[10:35] {Threei} stop to under b/e
[10:35] {strider} long sqnm .11
[10:36] {Threei} grrr SEED
[10:36] {Threei} why did I not believe Lazard
[10:36] {nemo} sounds too much like Lizard?
[10:36] {Threei} 1/4 more out
[10:36] {dptl} out more.15 ty
[10:37] {strider} dino, target for qcom?
[10:37] {Threei} now, for the last piece you have a choice here
[10:37] {Threei} out near .30, or just trail
[10:37] {magoo} out .21 TY
[10:37] {magoo} nice one
[10:37] {Threei} if trailing, stop to .95
[10:38] {ese} nice one all.....just checked out fas.......well done
[10:38] {Threei} market finally found footing
[10:38] {Threei} and not even in a sense of strength,
[10:38] {magoo} big green day imho
[10:38] {Threei} rather in a sense of starting following the pattern
[10:38] {nemo} more like a lucid hangover
[10:39] {Threei} market had this strong feel of surpise being prepared
[10:39] {Threei} gklad I trusted my instinct
[10:40] {dptl} all out .25 ty....a bit better now :)
[10:40] {Threei} OK, if you want to lock in profit, get out here
[10:40] {Threei} .31
[10:40] {Les} done ty. my first laser trade with stop and partials
[10:40] {Threei} for nice juicy 45 cents
[10:40] {Threei} wtg Les
[10:41] {Threei} if trailing, try to offer around .45
[10:41] {Threei} for even juicer 60 cents
[10:41] {Les} I was going to choose "StopT" but not sure how that works...
[10:41] {Threei} don't do it
[10:41] {Les} not trailing stop?
[10:42] {Threei} stupid function for stupid trading method
[10:42] {Threei} stop should not be trailed by a certain amount of cents
[10:42] {Threei} stop should be trailed by chart indication
[10:42] {Les} so trailing stop cannot be programmed in laser?
[10:42] {Les} ok, so we trail by chart indication
[10:43] {Threei} yes, and this must be done manually
[10:43] {Threei} how do you program that?
[10:43] {Les} fine. question answered ty
[10:43] {Threei} all trailing progranms trail by $ or %
[10:47] {dino} qcom stopped -.15
[10:47] {shorty} Done for the day. Cya tomorrow.
[10:47] {Threei} bounce should be around the corner
[10:47] {jfjf64} dndn mojo
[10:47] {Threei} take care shorty
[10:48] {Threei} ideally we get a drop under 24 on FAS
[10:48] {Threei} at which point recross hunt is on
[10:48] {nemo} .10 is 200 ma
[10:50] {strider} short bp .68
[10:50] {Threei} be careful with long entries here, market feels like hard shakeout is coming
[10:51] {Threei} here it is
[10:51] {Threei} don't be too quick to jump on recross FAS
[10:51] {Threei} this shakeout will be harder than it seems
[10:52] {Threei} better miss first one
[10:52] {Threei} no entry here
[10:52] {jfjf64} lost me
[10:52] {jfjf64} lol
[10:52] {Threei} do not buy this first 24 recross
[10:52] {Threei} no smotth trading here, just teleportation
[10:53] {Threei} easy to get caught on either side
[10:53] {dptl} ye..i'll pass
[10:53] {jfjf64} sit wait ambush
[10:54] {Threei} nice on BP strider
[10:56] {dino} \intc stopped -.15
[11:00] {ese} out nuan .63 break even.....goin nowhere fast
[11:00] {Threei} here comes wisdom from high above:
[11:00] {Threei} Administration Advisor Summers: Must reduce deficits to 'sustainable levels'
[11:01] {Threei} no really?
[11:01] {nemo} define sustainable?
[11:01] {Threei} they can't even define "must"
[11:01] {Threei} or "to"
[11:02] {Threei} and Summers is second last in this administration I'd trust to balance my checkbook
[11:09] {Threei} unconvincing bounce
[11:09] {Threei} I don't feel the drive
[11:10] {magoo} soon weedhopper
[11:10] {magoo} patience
[11:10] {nemo} gag
[11:10] {magoo} getting no quotes for GAG
[11:11] {nemo} hehehehehe
[11:15] {dptl} .
[11:15] {dptl} did i miss enything?
[11:16] {dptl} anything
[11:16] {Threei} no
[11:16] {Threei} we are in waiting mode
[11:16] {dptl} ok....
[11:18] {nemo} somebody tell a joke
[11:18] {Threei} I've got one
[11:19] {Threei} Congress knows what they are doing about economy
[11:19] {nemo} I've got one too
[11:19] {nemo} want me to tell it
[11:20] {Threei} 63% Favor Repeal of National Health Care Plan
[11:20] {nemo} I'll take silence as acquiescence
[11:20] {Threei} wow
[11:20] {Threei} rising as time goes
[11:20] {Threei} hmmm... my joke wasn't funny after all:
[11:20] {Threei} 72% Are Not Confident Congress Knows What Its Doing When It Comes to The Economy
[11:22] {dptl} dell?
[11:23] {nemo} db on lvs
[11:23] {Threei} nah
[11:23] {nemo} ?
[11:23] {Threei} nah to dell
[11:23] {nemo} no volume indication yet
[11:24] {Threei} LVS, worth a try with stop under .25
[11:24] {RonS} x lod
[11:24] {Threei} there is no defined trigger,
[11:24] {Threei} so gotta simply go with market direction
[11:24] {Threei} that is:
[11:25] {Threei} if market spikes and LVS gives a little pause,
[11:25] {Threei} while being within acceptable distance from .25
[11:25] {Threei} grab it
[11:25] {Threei} if loses .25, invalidated
[11:25] {nemo} recross .30 on spike
[11:25] {Threei} spike down, market
[11:25] {nemo} oh well
[11:27] {nemo} lvs bounced at open price
[11:31] {Threei} action quieted down
[11:32] {jfjf64} yyup
[11:33] {Threei} until some direction starts shaoping up, avoid pushing trades, recipe for rinsing
[11:34] {jfjf64} i i 3i
[11:34] {Threei} poetry?
[11:34] {Threei} what's next, roses?
[11:36] {nemo} oooh...30 recross woulda' worked
[11:36] {jfjf64} 3i i i
[11:36] {Threei} this market uptick is not something you would be able to read
[11:36] {Threei} breakdown was just as likely
[11:36] {nemo} nah, I was just looking at the chart formation
[11:37] {nemo} Having said that, the spy bounced off the 200 ma at .60
[11:37] {Threei} but it would fail if SPY chose down at about 11:33 - 11:35
[11:37] {Threei} and it was absolutely the option
[11:37] {nemo} yep
[11:42] {Threei} LVS...
[11:42] {dino} ctsh sm l .65
[11:42] {Threei} trying to form C&H
[11:43] {nemo} BIDU also
[11:44] {magoo} in lvs .45
[11:46] {Threei} has magoo ever met aggressive entry he didn't like?
[11:46] {magoo} yea...IMAX :)
[11:46] {Threei} rofl
[11:47] {magoo} smashed a keybopard on that one lol
[11:48] {magoo} adding to my loss
[11:49] {jfjf64} nice
[11:49] {Threei} 1:1 for regular entry, 1:3 for aggressive
[11:50] {jfjf64} ??
[11:50] {Threei} what?
[11:50] {Threei} did I type that in Russian?
[11:50] {jfjf64} what
[11:50] {Threei} or Swahili?
[11:51] {jfjf64} im sleepin
[11:51] {jfjf64} guess
[11:51] {Threei} sorry then, we will try to keep it down
[11:51] {jfjf64} or typin russian
[11:51] {Threei} (whispering) magoo, partialling out?
[11:53] {magoo} whadda u think?
[11:53] {Threei} well, when it comes to you - all bets are off
[11:54] {magoo} waiting .67
[11:54] {Threei} see?
[11:54] {dptl} tjx?
[11:55] {Threei} nah
[11:55] {Threei} this is Shaekout Incorporated
[11:55] {dptl} ok
[11:55] {jfjf64} what
[11:55] {Threei} lol
[11:56] {Threei} go back to sleep
[11:56] {jfjf64} lol
[11:56] {jfjf64} i i 3i
[11:56] {jfjf64} gettin restless
[11:58] {Threei} 1:4 mags
[11:59] {jfjf64} lvc c/h
[11:59] {jfjf64} lvs
[11:59] {Threei} we had one at .50 jf
[12:00] {jfjf64} i see
[12:00] {Threei} one you slept through...
[12:00] {jfjf64} ahhh
[12:00] {jfjf64} the 1 ya typed in russian
[12:05] {magoo} out here .67
[12:05] {magoo} TY
[12:05] {RonS} ...makets in europe ended almost flat. Euro seems to be gaining traction.
[12:05] {jfjf64} spy
[12:05] {dino} ups sm l .50
[12:10] {Les} gdxj .50 break?
[12:11] {Threei} I don't like it
[12:11] {Les} :)
[12:12] {Les} was thinking if I painted some lipstick on it... maybe you would?
[12:12] {jfjf64} lol
[12:12] {Les} spot price up nicely
[12:16] {dptl} tol?
[12:16] {Threei} yuck
[12:17] {dptl} i see wierd
[12:18] {Threei} you sure do
[12:18] {Threei} FAZ, pullback close to .30 for long entry
[12:19] {Threei} .20 - .25 zone would be even better
[12:19] {Threei} but I doubt we'll get it
[12:20] {Threei} (KS) Pentagon confirms US to hold naval exercises with South Korea (related USD/KRW EWY GLD )
[12:20] {Threei} oh great
[12:20] {Threei} things are so stable, we can afford some boat rocking
[12:21] {Les} nice call on the miners
[12:23] {dptl} vvus short off 12?
[12:23] {Threei} looks promising
[12:24] {Threei} doesn't look like pullback in cards for FAZ
[12:24] {dptl} with.10 stop
[12:24] {Threei} yup
[12:24] {dptl} not available
[12:24] {Threei} BP Directors to be sued by investors over cost of Gulf oil spill (42.71, -1.15, -2.62%)
[12:29] {Threei} why do I have this feeling sharp red bar can occur any second, out of nowhere
[12:30] {nemo} C&H forming on Qs
[12:30] {magoo} mkt or BP vad?
[12:30] {Threei} market
[12:31] {Threei} watching FAZ for entry
[12:34] {Threei} how about that?
[12:34] {jfjf64} ??
[12:34] {jfjf64} faz
[12:34] {Threei} [12:29] {Threei} why do I have this feeling sharp red bar can occur any second, out of nowhere
[12:35] {Threei} was it swahili again??
[12:35] {Threei} crap
[12:35] {Threei} .31 was perfect entry
[12:35] {Threei} missed it
[12:36] {Threei} had to go in on pure instinct
[12:37] {Threei} don't you hate it
[12:37] {Threei} [12:18] {Threei} FAZ, pullback close to .30 for long entry
[12:37] {Threei} intuition says do it, discipline says wait for setup
[12:38] {jfjf64} like that
[12:43] {dino} out ctsh .01, +.36
[12:43] {Threei} feels to me like more downside in the mnarket
[12:46] {dptl} hpq.30 short?
[12:46] {strider} BP
[12:46] {Threei} probably... hard to count on much though
[12:46] {strider} FCX
[12:46] {Threei} unkless market really really sells off
[12:47] {dptl} will wait
[12:47] {Threei} jerky action
[12:47] {Threei} green bar red bar
[12:55] {dptl} hpq still under .40 didn't go up much
[12:56] {Threei} Long Setup: FAS .20 break
[12:56] {Threei} if stays above .15
[13:00] {dptl} missed
[13:00] {Threei} 1:1
[13:00] {Threei} half out .28
[13:00] {dptl} where did you get in?
[13:00] {Threei} .22
[13:01] {Threei} mixed fill, from some .20 to some .23
[13:01] {dptl} was trying to get .21 missed it
[13:01] {Threei} SPY spiked first
[13:02] {dptl} o well
[13:02] {Threei} hit buy with limit .23 while .20 was still there
[13:02] {Les} aaaah that makes sense
[13:02] {Les} with a limit of .21 I didn't have a chance
[13:02] {dptl} no
[13:02] {Threei} unless hit it early
[13:03] {dptl} ok.that's fine...just find something else ,Vad,please lol
[13:04] {Threei} second half b/e
[13:07] {dptl} gps .90 short?
[13:07] {Threei} jeez
[13:07] {Threei} look at day's range
[13:08] {Threei} it sits between .80 and 22 for almost whole day
[13:08] {Threei} what is it you are hoping to squeze out of it?
[13:08] {dptl} 30c
[13:09] {dptl} 21.73 low ,22.15 hi
[13:09] {dptl} gps you talking about?
[13:10] {Threei} yes
[13:15] {Les} vad, prospects for gdxj improved? hod break?
[13:15] {dptl} ba?
[13:16] {Threei} I don't see any recognizable setup there les
[13:16] {Les} ok
[13:16] {Threei} if anything, I'd short it
[13:16] {Threei} .50 break
[13:16] {dptl} ba?
[13:16] {Threei} no
[13:16] {nemo} looks like spy to test 200 ma
[13:17] {Threei} but even that is 51/49 trade
[13:17] {Threei} BA, too
[13:17] {Threei} lol
[13:17] {dptl} lol
[13:17] {dptl} lol...i just can' see enything...looks like
[13:17] {dptl} t
[13:18] {dptl} anything....and can't tipe
[13:18] {dptl} type....jeez
[13:18] {Threei} rofl
[13:18] {dptl} lol
[13:24] {Threei} up or down?
[13:25] {Threei} who's up for guess?
[13:25] {magoo} P
[13:25] {magoo} UP
[13:25] {nemo} UP
[13:25] {Les} up
[13:25] {Threei} ok, FAS is long on pullback under 24, and magoo and Les are responsible
[13:25] {Les} market playing with bulls, but ultimately up
[13:25] {Les} what about nemo?
[13:25] {Threei} nemo too
[13:27] {Threei} here is pullback
[13:27] {Threei} in .91
[13:27] {Threei} you three are responsible
[13:28] {Les} .93
[13:28] {Threei} stop under .85
[13:29] {dptl} what was a set up?
[13:29] {nemo} feel
[13:29] {Threei} [13:25] {magoo} UP
[13:29] {Threei} [13:25] {nemo} UP
[13:29] {Threei} [13:25] {Les} up
[13:29] {jfjf64} we call in UP
[13:30] {dptl} i lottery lol
[13:30] {jfjf64} IT
[13:30] {Les} we all hang togethor
[13:30] {magoo} 3 wrongs dont make a right lol
[13:30] {Threei} half outlol
[13:30] {Les} hehe
[13:30] {jfjf64} that a boy les
[13:30] {Threei} half out above 24
[13:30] {jfjf64} k
[13:31] {nemo} Missed it...went for ice cream
[13:31] {Threei} kidding?
[13:31] {Threei} called up, got a call based on it and went for icecream?
[13:32] {nemo} ?
[13:32] {Threei} never mind
[13:32] {Threei} second half stopped
[13:32] {Threei} b/e
[13:33] {nemo} fcx might be worth it here, sitting on trend line
[13:33] {Threei} scalping time... no continuation
[13:33] {dptl} dis .75 short?
[13:34] {Threei} probably
[13:34] {dptl} in .85 stop
[13:34] {Les} damn that's the last MA holding up market in 1 min. time frame
[13:35] {Threei} Long Setup: FAS .80
[13:36] {Threei} if holding .75
[13:39] {Threei} no go
[13:40] {strider} I'm done for the day.
[13:40] {jfjf64} somethin vad said
[13:41] {jfjf64} lol
[13:41] {ese} .
[13:41] {jfjf64} see ya strider
[13:41] {dptl} nah out dis +.03
[13:42] {dino} genz
[13:53] {ese} Lgenz .22
[13:54] {dptl} mcd .20 short ?if stays under .30?
[13:55] {Threei} can't tell
[13:55] {Threei} 50/50
[13:55] {ese} hmmmmm maybe not genz
[13:55] {dptl} ok
[13:55] {ese} stopped .09
[13:55] {ese} =.13
[13:55] {ese} -.13
[13:56] {jfjf64} mon s .44
[13:57] {ese} l genz .06
[13:59] {dptl} bp .60 s?
[13:59] {dptl} or .70 long ?
[14:00] {Threei} no idea
[14:00] {ese} daaaaaaaaa stopped genz .95 -.11
[14:02] {Threei} watching FAS for pullback closer to .50 for double bottom long entry
[14:04] {dptl} stop under .45?
[14:04] {Threei} yes
[14:06] {Threei} ok
[14:06] {Threei} either recross
[14:06] {Threei} or invalidation
[14:07] {nemo} .50?
[14:08] {dptl} in.51
[14:10] {Threei} 1:2
[14:10] {dino} sm l fdx .15
[14:10] {dptl} half out
[14:11] {Threei} stop to .49 of course
[14:12] {Threei} 1:3
[14:13] {Threei} 1:4 1/4 more oput
[14:13] {Threei} milking it
[14:13] {Threei} here
[14:13] {dptl} out some more.69
[14:14] {Threei} went with double levels this time, partialing at evens only
[14:14] {Threei} 5 cents risk was writh it
[14:14] {dptl} stop to under .60
[14:16] {Threei} see dp
[14:16] {Threei} normal stock, normal setup, cold blood
[14:16] {Threei} and things work
[14:16] {Threei} instead of all that weird crap you dig out from somewhere
[14:16] {dptl} ye easy for you to say lol
[14:18] {dptl} ok all out ty
[14:18] {Threei} sure
[14:19] {dptl} almost flat for the day
[14:19] {Threei} I just have an impression most of those you try to play are out of desire to find something, anything
[14:19] {Threei} good setups come to you
[14:19] {Threei} you don't squeeze them out of stone
[14:20] {Threei} start looking for them so actively, and you don't notice how wishful thinking replaces real read
[14:20] {Threei} you start seeing trades whe\re there are none
[14:21] {dptl} yes....true....
[14:23] {dptl} it' just hard for me not to do anything then i am down for the day
[14:23] {nemo} ahhhhh....revenge trading
[14:23] {Threei} so you chose to take any trades and dig the deeper hole?
[14:23] {nemo} can't force anything
[14:23] {Threei} market doesn't know whether you are up or down
[14:23] {dptl} thats where the problem is
[14:23] {Threei} it presents opportunities or it doesn't
[14:24] {Threei} you don't take trades because you need to cover your loss
[14:24] {Threei} you take trades because there is right setup
[14:24] {Threei} let me put it this way
[14:25] {Threei} you took the wrong bus and found yourself far from the place you wanted to go
[14:25] {Threei} do you jump on any bus coming along, or do you look at the map and wait for the rioght bus this time?
[14:26] {dptl} right...
[14:26] {Threei} both options may work
[14:26] {Threei} one by design, another one by chance
[14:26] {Threei} make your choice
[14:26] {Threei} if you are gambling, take any trade you see
[14:26] {Threei} if you are trading, do it by the rules
[14:26] {ese} yaaaaaaaaawwwwwn.......zzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:27] {jfjf64} ahh a master
[14:27] {dptl} yes ......have to work on my self
[14:27] {jfjf64} weel said vad
[14:28] {jfjf64} ya sd really right a book
[14:28] {Threei} notice, FAS cam back to that entry, we didn't go for it
[14:28] {Threei} wjy?
[14:28] {dptl} second time less chances
[14:28] {Threei} because there is no stup I know there
[14:28] {Threei} setup
[14:29] {Threei} now look
[14:30] {Threei} it goes up
[14:30] {Threei} do I regret not taking it?
[14:30] {dptl} no
[14:30] {Threei} not in the least
[14:30] {jfjf64} why sensi
[14:31] {Threei} because i trade what i can read
[14:31] {Threei} if something moves, but does so in a manner i can't read, what do i care
[14:31] {ese} L veco .61
[14:34] {dptl} on your charts Vad ,what is your bar width?
[14:36] {ese} out veco .76
[14:36] {ese} +.15
[14:36] {ese} no biggie 2k
[14:36] {Threei} 2
[14:37] {dptl} 2?..that small ah
[14:38] {Threei} KFN Ticking higher after positive comments from Jim Cramer on CNBC; favors BIDU over GOOG
[14:38] {Threei} - comments on Bidu in response to question on Citigroup note earlier (8.17, +0.61, 8.07%) (related BIDU GOOG )
[14:38] {dptl} gonna use 2...see if i can see better
[14:38] {ese} everthing i'm doing these days is pretty much small trading is too infrequent with stuff going on....hard to get into a rhythm
[14:39] {ese} ohhhhhhh thought you were talking about my 2k.....
[14:39] {dptl} :) ese
[14:40] {Threei} market feels like getting ready to break down
[14:40] {Threei} FAZ .80 break...
[14:41] {dptl} .70 stop?
[14:42] {Threei} .74 for scalp type I
[14:42] {Threei} .70 for a day trade
[14:42] {Threei} and .60 for a "let's really push it"
[14:42] {nemo} Magoo in yet?
[14:43] {dptl} in .81
[14:44] {magoo} no
[14:44] {nemo} ty
[14:44] {Threei} if GS loses 138
[14:44] {nemo} what
[14:44] {Threei} that should really add fuel to things
[14:44] {Les} you use a tick chart vad? scaled out my chart to 2 and it's pretty hard to see detail now
[14:44] {Threei} no, candlesticks
[14:45] {Threei} we may have diff size of charts, screen resolution etc
[14:45] {Threei} size it for your ":real estate"
[14:45] {dptl} 2 is really small
[14:45] {Les} do you want to see whole day of activity for the stock?
[14:45] {Threei} yes
[14:46] {Les} ok. I have FAZ on chart from 08:25 like this
[14:46] {Threei} if I need to see particular spot, trakes jusrt a couple clicks to zoom inb
[14:47] {Les} you have to change bar width to zoom in?
[14:47] {Threei} no, why
[14:47] {Threei} click on the chart, look at the upper bar under word Route
[14:47] {Threei} there are two battons with arrows looking inward and outward
[14:48] {Threei} FAZ 1:1 for scalpers
[14:48] {Threei} outward ones zoom in, inward ones zoom out
[14:48] {Threei} 1:1 for day traders
[14:49] {dptl} half out
[14:49] {Threei} once again... clean valid setup and cold blooded execution
06[14:50] * Threei slaps dptl around a bit with a large list of unneded trades clogging dp's pipe
[14:51] {Threei} are you in black finally?
[14:52] {Threei} what the
[14:52] {Threei} mibbit is down?
[14:53] {Les} .
[14:53] {strider} .
[14:53] {Threei} mibbit is down?
[14:53] {Les} strange. mibbit crash
[14:54] {dptl} out second half
[14:55] {dptl} yes in black Vad...ty
[14:55] {Threei} so, you'll dig holes and I'll dig you out? and you think it's fair?
[14:55] {dptl} lol
[14:56] {dptl} still learning
[14:56] {Les}
[14:57] {Les} sorry vad, can't see arrows for zooming in on chart parameters
[14:57] {dptl} that was that tree stoppes in a morning,that got me
[14:57] {dptl} right beside chat button Les
[14:58] {Threei} looking at the wrong window les
[14:58] {Threei} don't do right click
[14:58] {Threei} simply click on the chart
[14:58] {Les} got it
[14:58] {Les} ty
[14:58] {Les} cool
[14:59] {nemo} fas db here va
[14:59] {nemo} .28 is pivot
[14:59] {Threei} I doubt it
[14:59] {Threei} oesn't look like bounce to me
[14:59] {dptl} easier with hot keys Les
[14:59] {nemo} nope
[15:00] {Les} yeh will get round to looking at it dp
[15:03] {Threei} FAZ 1:1 for the "milk it for all there is"
[15:04] {Threei} GS 40 cents down from breakdown
[15:04] {Les} half out
[15:05] {Threei} now, with all your morning doom and gloom, tell me it's not shaping up as a good day
[15:05] {Threei} how many good ones we got once things calmed down
[15:05] {Threei} notably on FAS and FAZ
[15:06] {Les} missed your earlier FAS long stuck in other things. would have been nice
[15:08] {Les} what route should I be using Vad? I remember you have a favourite
[15:09] {Threei} NASDAQ is my default choice
[15:09] {Threei} ARCA is second best
[15:09] {Les} so as long as it says NASDAQ I've no need to play with it? ok
[15:09] {Threei} then again... there is a trip into dark pools
[15:10] {Threei} GETCO
[15:10] {Threei} no guarantee shares will be there but no fee
[15:10] {Threei} so if you have time to try and popular stocks, it makes sense to try
[15:11] {Threei} I have a keyboard shportcut for it
[15:11] {Threei} so I don't mess with mpuse switching
[15:11] {Threei} mouse
[15:11] {Les} covered all .05
[15:12] {Threei} and someimes it's fun, just to feel that idiots screaming about dark pools not being accessibble for average retail trader are just that.... idiots
[15:19] {Threei} mibbit seems unstable
[15:23] {Les} .
[15:29] {dptl} bp bounce?
[15:30] {Threei} let's see it it stabilizes
[15:30] {Threei} and forms a range to break
[15:34] {Threei} short covering
[15:36] {Threei} FAS dive under .20 maybe interesting for a last scalp
[15:39] {Threei} like clockwork
[15:43] {dptl} did you take it?
[15:43] {Threei} .22
[15:44] {dptl} i am not
[15:45] {dptl} where was your stop?
[15:45] {Threei} .15
[15:46] {Threei} maybe one more scalp, near 23 - 23.05
[15:47] {Threei} 23 recross
[15:47] {Threei} if holding .95
[15:48] {Threei} no go
[15:48] {dptl} to crazy
[15:49] {dptl} it start mooving differently
[15:49] {Threei} yes
[15:50] {Threei} anyway, bounce time
[15:51] {Threei} took .76
[15:51] {Threei} half put .88
[15:51] {nemo} laser froze up
[15:52] {Threei} nope
[15:52] {nemo} it did for me
[15:52] {Threei} this is your computer
[15:52] {Threei} this is not laser
[15:52] {nemo} or it's interaction with other programs
[15:52] {nemo} I shut down Firefox and it's fine
[15:53] {dptl} well...have a good evening all....and thanx again Vad
[15:53] {Threei} welcome
[15:53] {Threei} go and sin no more
[15:54] {strider} yes, master.
[15:55] {Threei} what a miserable closing for the market
[15:55] {Les} another fat finger somewhere...
[15:55] {Threei} heh
[15:55] {Threei} they are srtill looking for that eh
[15:56] {Les} can't be any other reason apparently
[15:57] {Les} oof Asia ain't gonna be happy in the morning
[15:58] {Threei} tempted to take FAZ overnight
[15:58] {Threei} but heck... why do I need that
[15:58] {Threei} some idiot throws another trillion in, we open +500
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {Les} yeh a domani