Tuesday, May 25, 2010

May 25 2010

Nice solid profitable day with a lot of trades - we got the major direction right, so it was just about nailing down safe entries. Speaking of which, don't miss an educational discussion at 13:00 where we talked about our "drop-recross" method of finding entries on pullbacks or sharp selloffs

Session Time: Tue May 25 00:00:00 2010
[07:53] {magoo} morning, gonna be wild one today
[07:54] {Threei} hey mags
[07:55] {magoo} morn:)
[08:01] {Threei} (GR) German Foreign Min Westerwelle: German to push for Euro deficit sanctions; Region must learn from crisis
[08:01] {Threei} good luck
[08:01] {nemo} can you say "riots"
[08:02] {Threei} well, at some point it's going to be riots against riots: some countries against eausterity measures and others - against bailing them out
[08:02] {Threei} and the whole construct will fall apart
[08:03] {nemo} I guess it's a good thing most European countries' military are a joke
[08:03] {Threei} that is a scary thought
[08:04] {nemo} cycles dude
[08:04] {Threei} but in any case, humans always find the way to kill each other
[08:04] {nemo} That's the skill at which we are most proficient
[08:04] {Threei} and IMO, this union better take itself apart in more or less civilized way now
[08:04] {Threei} or it will be done in much more violent way later
[08:05] {nemo} Hey, if Iceland can riot.....
[08:05] {Threei} witness that same USSR where proclaimed "friendship of the nations" turned into dozens of civil wars
[08:05] {Threei} EUR/USD Vague dealer chatter of central banks considering implementing new lquidity measiures
[08:06] {nemo} this event could be an opportunity for Russia to reconstitute the Bloc
[08:06] {nemo} We'll need China to instigate hostilities to keep Russian focus off the west
[08:06] {nemo} scary, huh...
[08:07] {Threei} Russia may try but it has plenty of economic troubles of its own
[08:07] {nemo} yes, but it's political structure is designed most efficiently for such strategies
[08:08] {Threei} not as efficiently as USSR's... but yeah
[08:08] {nemo} It's an oligarchy with a Tsar
[08:12] {Threei} BLTXX Baltic Dry Bulk Index rises more than 5.5% (third straight rise)
[08:13] {Threei} DRYS getting some bounce
[08:23] {Les} morning
[08:23] {Threei} les :)
[08:23] {nemo} afternoon
[08:23] {dptl} morning
[08:23] {Threei} dp :)
[08:25] {Les} sounds like a bad film
[08:26] {nemo} ?
[08:26] {Les} "discipline trumps conviction" or how FAZ got away...
[08:26] {Threei} shrug
[08:26] {nemo} ahhhh....
[08:29] {nemo} Well, see you folks tomorrow....
[08:29] {Les} ciao
[08:29] {Threei} take care nemo
[08:29] {Les} must be good pre market trading
[08:29] {nemo} at my age, I take it anyway I can get it
[08:30] {nemo} no...schedule conflicts
[08:30] {Les} have a good one
[08:30] {nemo} ty
[08:30] {magoo} vad, whats your gut say for today?
[08:31] {Threei} no discernable voice yet
[08:31] {Threei} may get bounce, may get panic, and most likely - will get both,
[08:31] {Threei} but the question is:
[08:31] {Threei} in what order?
[08:32] {Threei} untuitively, feels like some bounce, then panic, then bigger bounce
[08:32] {Threei} but it's early
[08:32] {strider} morning folks.
[08:33] {Threei} strider :)
[08:33] {strider} :)
[08:33] {dptl} you can't draw a trend line in laser chart window?or you can somehow?
[08:33] {Threei} horisonatl you can
[08:33] {dptl} yes but only horizontal
[08:34] {Threei} that's what I said
[08:34] {dptl} yes just making sure :)
[08:34] {Threei} but some repeat what I said adding "but" so they look like they argue and win {GGG}
[08:35] {dptl} lol
[08:35] {dptl} short bbp?
[08:36] {dptl} bp
[08:39] {dptl} 1:1 :)
[08:41] {magoo} short dptl lol
[08:42] {Les} 41 break? nice
[08:42] {Threei} les, interesting analysis of Europe situation:
[08:42] {Threei} http://www.stratfor.com/weekly/20100524_germany_after_eu_russian_scenario?utm_source=GWeekly&utm_medium=email&utm_campaign=100525&utm_content=readmore&elq=8bba2fa433894f3f97d0990cb1011ba9
[08:48] {Threei} one more, a few days ago:
[08:48] {Threei} http://www.stratfor.com/weekly/20100517_germany_greece_and_exiting_eurozone?utm_source=GWeekly&utm_medium=email&utm_campaign=100518&utm_content=readmore&elq=2901ae93eaf843ccb546234ae27bc776
[08:51] {Les} interesting. hadn't thought of Germany and Russia. makes sense though. labor, materials, energy, technology.
[08:51] {Les} good match
[08:52] {Les} got a brother in law who is White Russian
[08:52] {Les} I think its white russian
[08:52] {Les} called
[08:52] {Threei} ?
[08:52] {Threei} never heard this term
[08:52] {Les} german family that emigrated to russia some time before hand
[08:52] {dptl} it's a drink
[08:52] {Les} then returned to Germany
[08:52] {Threei} lol
[08:53] {Les} yesssss dp
[08:53] {Les} Germans see him as a Russian, despite historical ties. shrug. European history
[08:53] {Les} complicated lot
[08:54] {Les} EU break up would help switzerland out as a financial zone again i think
[09:06] {Les} just read the second article. what fascinating times we live in
[09:07] {Threei} I for one hate it
[09:07] {Threei} I already lived through one country collapse
[09:07] {Threei} how many does one need in his lifetime?
[09:07] {Les} yeh I comprehend the preference for avoiding pain
[09:08] {Les} but still, history being made
[09:08] {Les} reminds me of scene where brad pitt addresses all the male fighters in fight club
[09:09] {Les} "we have no war, no great depression to define us"
[09:09] {Les} well, we will soon enough
[09:12] {larisa} gm :)
[09:12] {Threei} CNBC's Mark Haynes says NBC news now reporting that the earlier report of the North Korean military being placed on alert is not true
[09:12] {Threei} - no other NBC arm or other agency has confirmed the report from CNBC
[09:12] {Threei} larisa :)
[09:14] {Threei} nice setup on BP short, dp
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:14] {dptl} yes...to bad i did't play it
[09:17] {Les} vad, why doesn't chart show for SPY when I choose it?
[09:17] {Threei} hmm?
[09:17] {Threei} I am looking right at ir
[09:17] {Threei} try to switch chart server
[09:18] {Threei} Quote-Switch Cart Server
[09:18] {Threei} chart
[09:18] {Les} why does chart server change daily? automatic, is it?
[09:18] {Threei} shrug
[09:18] {RonS} aloha to all :)
[09:18] {Threei} not the "why" I am overly concerned to find out
[09:18] {Threei} Ron :)
[09:19] {shorty} morning sll
[09:19] {Threei} what's wth aloha? trading from maui this week? :)
[09:19] {Threei} shorty :)
[09:19] {Les} http://uploads.mibbit.com/qMHQ5f.gif
[09:20] {Les} don't get it. I change level 2 but chart refuses to move to SPY
[09:20] {Les} it's only SPY
[09:20] {Threei} are they linked?
[09:20] {Threei} link works for any other symbol?
[09:20] {Les} sure. all other tickers work. just not spy
[09:21] {Threei} lol
[09:21] {Threei} what happens if yu type SPY manually in chart?
[09:21] {larisa} chart says : leave me alone :)
[09:21] {Les} no. create new chart, no problem. just not spy
[09:21] {Threei} well, that's standard reaction on Les by most involved {GGG}
[09:22] {Les} grrrrr
[09:22] {Threei} why create new chart?
[09:22] {Threei} just type in existing one?
[09:22] {Les} did it. no go
[09:22] {Threei} weird
[09:22] {Threei} never encountered that
[09:23] {Les} just typed sqnm in chart. it changed level 2 as well. works fine
[09:23] {Les} whatever. got external chart I use right now.
[09:24] {Threei} do you get FAS/FAZ?
[09:24] {Les} could be a demo version problem
[09:24] {Les} fas faz yeh was trading them fine
[09:24] {Threei} OK
[09:24] {Threei} no opening trades
[09:25] {Threei} I didn't like at all how market behaved on the open yesterday,
[09:25] {Threei} and today is likely to be worse
[09:25] {Threei} we get plenty of opportunities later ln when things stabilize
[09:25] {Threei} no need to dive into this extreme volatility
[09:26] {Threei} if something very tempting comes along during first 5-10 min, let's do half lot
[09:28] {Les} funny, no problems qqqq
[09:29] {Les} what is ticker for checking the dow index on laser?
[09:29] {Threei} $dji
[09:29] {Les} ty
[09:31] {Les} $ back to previous high
[09:32] {Threei} US) US FinReg Committee's Frank: All derivates will be required to be disclosed; final bill will provide a shareholder vote on pay for executives
[09:32] {Threei} NYX NYSE and AMEX reportedly experiencing some technical issues with delivery to the broker hand held machines
[09:33] {Threei} look at FAZ
[09:33] {jfjf64} mornin
[09:34] {Threei} that's what I meant by abnormal risk at the open
[09:34] {Threei} jf :)
[09:36] {Threei} ok, first try
[09:36] {Threei} FAS
[09:36] {Threei} .90 break
[09:37] {Threei} invalidated
[09:37] {Threei} remember, all trades half lot for now
[09:37] {Threei} BP Exec: Wednesday is the earliest data "top kill" technique could be attempted on leaking well (40.83, -1.03, -2.46%)
[09:38] {Threei} valid again
[09:38] {Threei} same setup
[09:40] {Threei} no go
[09:42] {Threei} let's see if we get double bottom
[09:42] {Threei} under .40,
[09:42] {Threei} recross if holdng .30
[09:43] {Threei} 1:1 in a blink
[09:43] {shorty} i got it
[09:43] {Threei} 1:2
[09:43] {KSystems} hi
[09:43] {Threei} KS :)
[09:43] {Threei} get out shorty
[09:43] {Threei} not a time to be a hero
[09:43] {shorty} i did as soon as it reached 1:1 ty Threei
[09:44] {Threei} bite your little piece and stay safe
[09:45] {dino} turnaround tuesday perhaps
[09:46] {Threei} gotta get one pullback first though
[09:46] {Threei} we have numbers at 10
[09:46] {Threei} US) May Consumer Confidence due out at 10:00ET
[09:46] {Threei} **consensus expectation: 58.5e v 57.9 prior
[09:46] {dino} xlf l .00
[09:46] {Threei} US) Preview: May Richmond Fed Manufacturing Index due out at 10:00ET
[09:46] {Threei} **consensus expectation: 26e v 30 prior
[09:47] {Threei} US) Preview: March House Price Index (m/m) due out at 10:00ET
[09:47] {Threei} **consensus expectation: 0.0%e v -0.2% prior
[09:50] {Threei} Long Setup: LVS 20 break
[09:51] {Threei} stop under .90
[09:51] {magoo} in
[09:51] {shorty} missed it
[09:52] {dino} clf sm l .25
[09:53] {Threei} not a scalp if works
[09:53] {dptl} still valid to get in?
[09:54] {Threei} on the break, yes
[09:55] {Threei} no go
[09:55] {Threei} not off radar, let's wait out numbers
[09:56] {dptl} wnc?
[09:59] {Threei} still liking LVS...
[09:59] {Threei} let's see if market helps
[10:00] {dino} not yet
[10:00] {Threei} US) MAY CONSUMER CONFIDENCE: 63.3 V 58.5E
[10:00] {Les} change of heart
[10:01] {Threei} *(US) MARCH HOUSE PRICE INDEX (M/M): +0.3% V 0.0%E
[10:01] {Threei} - Q1: -3.1% v -0.1% q/q (
06[10:01] * Threei slaps lasertrev around a bit with a large alarm clock
[10:02] {lasertrev} lol, gm
[10:02] {Threei} (KS) North Korea plans to sever all inter-Korean relations
[10:02] {dino} no more nookie nookie
[10:02] {Threei} LVS is a mover
[10:03] {dino} big bounce coming
[10:03] {Threei} very much looks like that
[10:03] {dino} bwld sm l .15
[10:03] {Threei} anyone reentered LVS?
[10:04] {shorty} nope
[10:04] {Les} no
[10:04] {magoo} out LVS .43 ty vad..took second recross
[10:05] {Threei} :)
[10:05] {Threei} FAS
[10:06] {Threei} watch for pullback to about 21
[10:06] {Threei} ideally, drop under it and recross
[10:07] {jfjf64} lvs leg down
[10:07] {Threei} FAS touched 21 but I can't imagine being able to get in
[10:08] {Threei} unless order was waiting, which I wouldn't do in this case
[10:08] {Threei} getting there.. come on, a bit more
[10:08] {dptl} wher would be your stop?
[10:08] {Threei} where would it bottom before recross?
[10:09] {dptl} .84?
[10:09] {Threei} ??
[10:09] {Les} fas support .88
[10:09] {Threei} come on...
[10:09] {Threei} this is routine we play so often
[10:09] {Les} out +.09 fas
[10:09] {Les} ty
[10:09] {dptl} i don't get it
[10:10] {Threei} it loses 21, dances between .95 and 21, crosses back - your stop under .95
[10:10] {Threei} stopp depends opon the support it forms
[10:10] {dptl} fas???
[10:10] {RonS} V is showing relative strength
[10:11] {Threei} if it loses .95 and forms range .90 - .95 - then you take .95 cross and stop is under .90
[10:11] {Threei} what is so surprising for you?? :)
[10:11] {dptl} ok what time it dances .95 -21
[10:11] {Threei} huh?
[10:12] {larisa} time for consolidation needed he asks :)
[10:12] {shorty} it's too fast for me to call.
[10:12] {Threei} over 1:2
[10:12] {larisa} I do not get those recross plays too dp, you are not alone :)
[10:12] {Threei} you guys..
[10:13] {Threei} we play them for I don't know how long
[10:13] {magoo} 9 years vad
[10:13] {dptl} i didn' get it.......
[10:13] {jfjf64} ok vodka 4 all
[10:14] {magoo} in
[10:14] {magoo} the vodka that is
[10:14] {jfjf64} lol
[10:14] {jfjf64} vad dptl also
[10:14] {Threei} I don't even know what to tell... it seems so stgraighforward to me, and we did it so many times, I am at loss what to explain about it
[10:14] {Threei} it's like you slept through the last couple years
[10:15] {dptl} {&Threei} it loses 21, dances between .95 and 21, crosses back - your stop under .95.....when was it?
[10:15] {Threei} it wasn't!
[10:15] {Threei} it was me xplaining how it works
[10:15] {Threei} in advance
[10:15] {Threei} before it happened
[10:15] {dptl} ah....thats where i got confused......jeez
[10:15] {Threei} 10:08] {dptl} wher would be your stop?
[10:15] {Threei} [10:08] {Threei} where would it bottom before recross?
[10:15] {Les} i grabbed it. hit .98 briefly and then crossed back over
[10:16] {dptl} i thought it alredy did
[10:16] {Threei} you asked hypotetical;
[10:16] {Threei} I answered how to structure it
[10:16] {Les} missed this damn move now though
[10:16] {Les} dino, kick xlf a bit will ya!
[10:17] {dptl} i need to relax...........
[10:17] {Threei} I don't even know why you were tense in a first place
[10:18] {jfjf64} breath
[10:21] {Threei} EUR/USD FX rumor circulating that ECB mulling additional rate cut (related EUR/GBP EUR/JPY BUNDS SOVRX FEZ )
[10:23] {magoo} short dptl rading skills right here
[10:23] {Threei} hunt is on again FAS
[10:23] {Threei} too late
[10:23] {Threei} never mind
[10:23] {Les} long aig .03 small shares
[10:24] {Threei} .15 - .25 range formed
[10:24] {shorty} I took at .21 Threei out .36
[10:24] {Threei} ok
[10:24] {Threei} good to know someone listens :)
[10:24] {shorty} :)
[10:24] {dptl} i listen always,i just can't get for some reason
[10:25] {Threei} I'll try again over the bottle of Russian Standard :)
[10:25] {dptl} :) ok
[10:25] {Threei} but on serious note guys,
[10:26] {Threei} in couple hours let's do a 10 min quick educational blurb on this
[10:26] {Threei} deal?
[10:26] {Threei} 'case last thing I want is to be a stock caller
[10:26] {Les} do we get russian standard with that?
[10:26] {Threei} I want you to know how I call them
[10:26] {larisa} when you actually start to look for recross plays, vad with 5 cent stop. When you think stock is bottoming, or ready for a bounce or what/ I am intersting what triggers the hunt :)
[10:26] {Threei} no, it's your form of bribe to me Les
[10:26] {Threei} get wirth the program
[10:26] {larisa} oh ok, I 'll wait
[10:26] {Les} :/ oh
[10:27] {Threei} yes larisa, that's what I intend to start with
[10:28] {Threei} sorry to disappoint Les {G}
[10:32] {Threei} (IA) UK PM Cameron: time to increase pressure on Iran with new financial curbs and asset freezes
[10:32] {Threei} because it worked so well in the past I guess
[10:33] {Les} son of a stockbroker, who dreams of becoming Churchill
[10:33] {Les} stick to the mandate given to you by the voters pal!
[10:33] {Threei} better than Churchuill's son dreaming to become a stockbroker... I like ambitiouss men
[10:35] {larisa} Churchill son was a journalist I think :)
[10:35] {Les} I wasn't flattering Churchill. The man was a military adventurer. loved throwing men and material at wasteful exercises
[10:35] {Threei} see? ambitions :)
[10:36] {Les} stopped AIG -.09
[10:38] {Threei} FAS acts with constant flow of these bounces
[10:39] {Threei} all too quick to call,
[10:39] {Threei} and that's the reason I am tryng to show how to play them
[10:39] {Threei} instead of calling each one
[10:39] {Threei} observe it
[10:39] {Threei} last minute it did .05 cross with jump to over .1`5
[10:42] {larisa} and it did top twice at .20 before that. does not stop you? I need serious explanation on this kind :)
[10:42] {Threei} .95 - 21 cross, a bit on a questionable side, but for hypoeractive scalpers 1:2
[10:43] {Threei} .20 is way too far from 21 - 21.05 range
[10:43] {Threei} plenty of room to take scalp before that,
[10:43] {Threei} or partial if market strengthens
[10:45] {Threei} no recross here
[10:45] {Threei} let it drop more
[10:45] {Threei} or stabilize
[10:47] {magoo} wow RIMM 57 area vad
[10:47] {magoo} aapl rotting
[10:47] {magoo} new low BIDU
[10:48] {Threei} techs are seriously out of favor
[10:48] {magoo} and GS 5 points off bottom
[10:51] {dino} hmmm
[10:51] {Les} stopped xlf -.08
[10:51] {Les} looking ominous
[10:53] {dino} using lod on it
[10:55] {Les} figured you were
[10:58] {magoo} genz
[10:58] {magoo} genz
[10:59] {Threei} 10:54 GENZ FDA approves Lumizyme for patients eight years old and up with pompe disease
[10:59] {Threei}
[10:59] {Threei} (US) Senate names participants on House/Senate conference committee for financial overhaul bill (related XLF )
[11:00] {strider} Who are the guys who get the early news like GENZ? How do we get to be one of them?
[11:00] {magoo} u need to ghang out with martha stewart
[11:01] {strider} Well it's not worth that much.
[11:01] {Threei} news was at 10:54
[11:02] {Threei} no one got it early
[11:02] {Threei} IMMU Receives Second Milestone Payment From Nycomed (3.20, -0.09, -2.74%)
[11:04] {Threei} 65% Oppose Nationalization of U.S. Oil Industry
[11:04] {Threei} god... someone seriuosly entertains that idea?
[11:05] {Les} sure, they'll do better than BP
[11:05] {Threei} no doubt
[11:06] {jfjf64} lvs vad .20
[11:06] {Threei} after this spike everywhere, I'd prefer pullback
[11:07] {Threei} direction is probably being defined,
[11:07] {Threei} now need a safe entry'
[11:07] {Threei} LVS, .10 - .15 zone,
[11:07] {Threei} FAS, .15 - .20
[11:07] {jfjf64} begining to see pullbk set up
[11:09] {Threei} here come pullbacks
[11:10] {Threei} LVS is there
[11:10] {Threei} 5 cents recross hunt is on for LVS
[11:11] {Threei} FAS, want a bit more drop
[11:11] {Threei} just a tad
[11:11] {Threei} ok
[11:11] {Threei} FAS is ready too, market help is last component
[11:12] {strider} LVS cross .10?
[11:12] {Threei} depends on which range it establishes to the moment when market starts turning up
[11:13] {Threei} Long Setup: LVS .10 break
[11:14] {Threei} Long Setup: FAS .20 break
[11:14] {magoo} in
[11:14] {magoo} in
[11:14] {Threei} FAS 1:1
[11:15] {Threei} LVS stop for scalpers under .05, day traders 20
[11:16] {magoo} out fas .37 ty
[11:16] {Threei} :)
[11:17] {Threei} LVS 1:1 for scalpers
[11:18] {Threei} stop to under .05 for day traders too
[11:18] {Threei} market weakens, no need to risak more than we have to
[11:19] {magoo} out lvs.+.05
[11:19] {dptl} out +.01 lvs
[11:20] {Threei} see how waiting for market to come to us gives safe entries?
[11:20] {magoo} HUH?
[11:20] {Threei} both trades are easy, stressfree, safe
[11:20] {magoo} when vad?
06[11:21] * Threei slaps magoo around a bit with a large reminder of his FAS and LVS profits, and the bottle of memory pills while we are at that
[11:21] {magoo} THATS WHAT I WANTED
[11:21] {Threei} lol
[11:21] {dptl} missed fas
[11:23] {Threei} FAS, this recross was doubtful, for hyperactive scalpers only, but worked like chartm
[11:23] {Threei} observe them
[11:23] {Threei} get a feel for how they woprk
[11:24] {Threei} I haven't asked this is a while, so larisa will forgive me, I hope:
[11:24] {Threei} guess who is on TV
[11:24] {dino} john galt
[11:24] {Threei} yeah right
[11:25] {RonS} Bunk Obummer
[11:25] {strider} The Grim Reaper/
[11:25] {strider} }
[11:25] {strider} ?
[11:26] {Threei} good one ron.. andf strider, you may want to protect yourself from thr Virus of Bad Typing that I spread around so freely
[11:26] {strider} Doing that on purpose. Brown-nosing.
[11:26] {strider} I meant broner0noosiing.
[11:28] {dptl} vvus?
[11:29] {Threei} probably bounce on .45 break
[11:29] {Threei} but not too jazzed overall
[11:30] {dptl} ok
[11:34] {dino} out clf .65, +.40
[11:34] {Threei} wtg
[11:34] {dino} ty, back in 20
[11:47] {magoo} .
[11:50] {Threei} feels like market is getting ready to reverse back up
[11:50] {Threei} time is not very approproate
[11:50] {Threei} but...
[11:52] {Threei} (US) Treasury Sec Geithner to request Europeans consider the implementation of a banking stress test - CNBC citing officials
[11:52] {Les} hahaha
[11:53] {dptl} stopped abx -.09
[11:53] {dptl} shorted on .40 break
[11:56] {Threei} strong feeling is, marlet goes for break of the high
[11:57] {Les} l lvs .37 sm. lets see if it runs
[11:58] {Threei} market break
[11:58] {Threei} but your entry of LVS is horrific
[11:58] {Threei} vertical spike
[12:00] {Les} true. small shares larger stop
[12:01] {Threei} that's fine as far as tarde managemet and risk control go, but still - there should be setup for entry
[12:01] {Threei} and buying into sharp spike goes against core principles of tape reading
[12:10] {Threei} FAS dive to .40 for bounce watch
[12:12] {dino} cf sm l .51
[12:13] {Les} i see I got shaken out of xlf too easily
[12:14] {Threei} you our LVS or trying to milk it?
[12:14] {Threei} out
[12:15] {Les} was trying to milk but accidently set a sell order on it. damn. out .59
[12:15] {dino} yeah i see that les
[12:15] {dino} 1:1 on it
[12:15] {Threei} how do you accidentally sell??
[12:16] {dino} lol 3i, but i've done it
[12:16] {Les} with stop in place, I switch level 2 mouse order over to MKT for selling into spikes. must have accidently touched it.
[12:17] {jfjf64} lvs somethin else
[12:17] {dino} out xlf .15, +.15
[12:17] {strider} I'm not getting executions
[12:17] {Threei} something's not right Les
[12:17] {Threei} what do you mean by
[12:17] {Threei} "switch level 2 mouse order over to MKT "
[12:18] {Threei} it simply moving cursor to hover over another buttown
[12:18] {Les} I didn't have a limit order planned for selling into
[12:18] {Threei} what to switch?
[12:18] {Les} just a market order
[12:18] {Threei} what action "switching" involves?
[12:19] {Les} wait
[12:20] {Les} http://uploads.mibbit.com/cGExCm.gif
[12:20] {Threei} OK
[12:20] {Threei} wrong layout
[12:20] {Threei} do this:
[12:21] {Threei} Menu
[12:21] {Threei} View
[12:21] {Threei} make sure you have checked lines:
[12:21] {Threei} level 2 mouse syle
[12:21] {Threei} level 2 button style syle
[12:21] {Threei} done?
[12:22] {Les} yeh
[12:22] {Threei} see two buttons now, for each buy and sell?
[12:22] {Threei} limit and market?
[12:22] {Les} but I prefer manually switching MKT and LMT
[12:22] {Threei} ok than
[12:22] {Les} if you give the setup and sell targets
[12:22] {Les} I'll use limit orders
[12:22] {Threei} waste time and hit wrong buttons
[12:23] {Threei} instead of just moving cursor beween liomit and market
[12:23] {Threei} my setup has BOTH
[12:23] {Threei} how is it different from manulaly switching, pnly muc faster?
[12:23] {Threei} only much faster
[12:23] {Les} will try, but if in heat of battle I'm hitting wrong button like I did there I will switch back
[12:23] {Threei} you just did hot wrong button
[12:24] {Threei} because your setup demand more clicksa
[12:24] {Threei} mine is simpler
[12:24] {Les} no, I had cursor hovering over the sell button I think. I should have been clear of the buttons
[12:24] {Les} will try yours, doesn't hurt
[12:24] {Threei} gosh... you make me feel like I convince you to use more efficient things
[12:24] {Threei} no more
[12:25] {Les} another false disputing argument... like "but" :)
[12:27] {dptl} vvus .60 break?
[12:28] {Threei} didn't we discuss .45 break a while ago?
[12:28] {dptl} yes
[12:28] {dptl} dif set up,...no?
[12:28] {Threei} I wasn't too delighted by that one... why would I be more inclined to taje .60? :)
[12:29] {Threei} problem with VVUS is not even chart,
[12:29] {Threei} problem is it trades like it's in coma
[12:29] {Threei} no drive
[12:29] {Threei} just not its time
[12:29] {Les} what does ticking short on level 2 button style do? I need that to be able to go short?
[12:29] {Threei} it's like jellyfish in the current
[12:29] {Les} AIG 33 long?
[12:29] {Threei} no, that's uselss box as far as I am concerned
[12:30] {Threei} never saw it changing anything
[12:30] {Les} ok
[12:30] {Threei} some rudimentary thing I'd think
[12:30] {Threei} AIG is nice chart but only with market help
[12:40] {shorty} l LVS .46
[12:41] {shorty} stopped
[12:48] {jfjf64} aig ty
[12:48] {jfjf64} in .06
[12:49] {Les} it was strong despite market pullback wasn't it. was too gutless to grab the 2nd entry
[12:49] {jfjf64} was fightin too hold on
[12:50] {dino} fdx sm l .
[12:50] {dino} .00
[12:52] {strider} what's your stop, dino?
[12:58] {Threei} out yet jf?
[12:58] {Threei} EU regulators reportedly urge EC to adopt derivatives rules ahead of schedule
[12:58] {Threei} - regulators say monitoring markets after German short selling ban
[12:58] {jfjf64} y
[12:58] {jfjf64} .26
[12:58] {Threei} :)
[12:58] {jfjf64} slipp gettin in
[12:58] {jfjf64} .06
[12:59] {Threei} don't use crappy brokers
[12:59] {jfjf64} but all nice nice
[12:59] {Threei} US) Fed's Bullard: Disappointed in the unemployment figures; data is heading in the wrong direction - Q&A
[12:59] {Threei} Ok guys, 10 min of educational rant?
[12:59] {Les} wait. let me drink my whiskey first
[13:00] {Les} then I'll be ready for school
[13:00] {jfjf64} ditto
[13:00] {Threei} I have different associations for some reason involving ponytails... but whatever
[13:00] {Les} ha! if only i coulda done that back in high school. I'd have my diploma
[13:01] {Threei} ok
[13:01] {Threei} recross routine
[13:01] {Threei} gets deployed in 3 cases:
[13:01] {Threei} 1. bottom fishing on sharp selloffs as a trend reversal setup
[13:02] {Threei} 2. bounce scalp on orderly downtrending stock
[13:03] {Threei} 3. pullback entry on uptrending stock
[13:03] {Threei} obviously first case is the most risky
[13:03] {Threei} usually we want to see a setup like double bottom
[13:04] {Threei} but this one works too - providing controllable volatility
[13:04] {Threei} and selloff deep enough to exhaust seling.
[13:04] {Threei} Second case is not my favorite as I prefer to trade with trend, not against it
[13:04] {Threei} but it has its place
[13:05] {Threei} and third is where using this approach is the most pleasing to my heart.
[13:05] {Threei} Where:
[13:05] {Threei} normally, I start hunt for this setup when a stock pulls back to solid suport level
[13:06] {Threei} let's look at FAS
[13:06] {Threei} 10:10 - 10:15
[13:07] {Threei} 21 is natural support level, whe we drop to this kind of support I am happy to start hunting
[13:07] {Threei} 10:30
[13:07] {Threei} to 10:45 roughly
[13:07] {Threei} bouncing around same support
[13:07] {Threei} 10:50,
[13:08] {Threei} this reversal I missed
[13:08] {Threei} why?
[13:08] {Threei} no indication, no solid support there from the previous chart
[13:08] {Threei} 11:25
[13:08] {Threei} 21 again, can start looking
[13:08] {Threei} 11:35
[13:08] {Threei} 11:47
[13:09] {Threei} strong uptred since then,
[13:09] {dptl} 10.50 it broke it .20.c to .80
[13:09] {Threei} pullback comes from 21.65
[13:09] {Threei} and 21.50 becomes new level of tracking it
[13:10] {Threei} there is some art involved, it's not exact science of course'
[13:10] {Threei} but then again, everything in trading is a mix of both
[13:10] {Threei} How:
[13:10] {Threei} stock drops in your hunt area,
[13:10] {Threei} you observe it for stabilizing and forming mini-range,
[13:11] {Threei} with less volatile ones it can be 5 cents,
[13:11] {Threei} more often it's 10
[13:11] {Threei} you have strong support around 21,
[13:11] {Threei} stock breaks it,
[13:11] {Threei} pauses,
[13:11] {Threei} meakes couple bars between 21 on upper side
[13:11] {Threei} and let's say 20.90 on the lower
[13:12] {Threei} you got yuour mini-range
[13:12] {Threei} break of 21 markets reversal setup,
[13:12] {Threei} desirably woth market help of course,
[13:12] {Threei} and for things like FAS it's not just desirable,'
[13:12] {Threei} it's necesary
[13:13] {Threei} that range defines your trigger and stop
[13:13] {Threei} if you look at this moment from the chart formation point of view,
[13:13] {Threei} closest thing you see is inverted head and shoulders
[13:14] {Threei} Normally, I want to see at least two-three movements up and won definign the range
[13:14] {Threei} sometimes you can't even see them on one minute chart if the occure within one minute on a fast stock
[13:14] {Threei} so must watch it real time, level 2 and T&S
[13:15] {Threei} thiongs that dive briefly under support and immediately break back up and necver look back - those I tend to miss
[13:15] {Threei} Targets:
[13:16] {Threei} if we are talking about first case, major hunt for major reversal, I want to see more than scalp after powerful selloff,
[13:16] {Threei} I will partial of course to control risk
[13:16] {Threei} but overall, big selloff leads to big bounce - IF we got the bottom right.
[13:16] {Threei} Since countre-trend trading is always a dicey proposition,
[13:17] {Threei} partialling out to lock in profit and control risk coupled with holding second half for "milking" kind of combines both purposes.
[13:17] {Threei} Second case is just scalps
[13:17] {Threei} bounces on downtrending stock do not deserve more
[13:18] {Threei} Third case is matter of taste,
[13:18] {Threei} if we have strong uptrend, I'll be more inclined to partial around 1:1 and hold the balance
[13:19] {Threei} if it's like today, scalps are more like it
[13:19] {Threei} Did I miss anythng?
[13:19] {Threei} any questions?
[13:20] {dptl} same can be on short side?
[13:20] {Threei} loud snor was his answer
[13:20] {RonS} order entry execution on re-cross?
[13:20] {strider} Does a quick spike below your conditional support violate the setup?
[13:20] {Threei} principle is the same dp, but I never found short be so precise as long on this kind of plays
[13:20] {shorty} "Yawn" did I miss anything?
[13:21] {Threei} limit a cent or two above the trigger, Ron
[13:21] {strider} iow, do you moved down to the next range on a spike.?
[13:21] {strider} spike down?
[13:21] {RonS} ty
[13:21] {strider} and back up?
[13:21] {Threei} if it stays there for a few, it simply establishes new range, strider
[13:22] {Threei} if it immediatly spikes back up, it goes in that category "I usually miss those"
[13:22] {strider} k, so in your mind, it's in valium idated
[13:23] {Threei} have a look at AIG for fresh example
[13:23] {Threei} spike to .40,
[13:23] {Threei} closest solid support is .20,
[13:23] {Threei} 13:07, it dfrops to .16
[13:24] {Threei} .20 recross becomes a setup
[13:24] {Threei} looking at all of them, see inverted H&S?
[13:24] {Threei} sometimes ugly
[13:24] {Threei} sometimes more or less pronounced
[13:25] {Threei} if you haven't really traded this, slept through last three-five years I call it regularly - paper trade it, observe to get a feel for it
[13:29] {jfjf64} nice lesson vad makes little more sence ty
[13:29] {dptl} yes ty
[13:29] {jfjf64} how ya know all this
[13:29] {Threei} you mean not everyone snorred through that?
[13:29] {jfjf64} lol
[13:29] {Threei} hell...
[13:30] {Threei} I trade evert bleeping day for the last 14 years
[13:30] {Threei} I watch and make conclusions
[13:30] {strider} do you think that setup, which seems to be really a special case of dbi or jbe, is valid in more places than those 3 you've described?
[13:31] {strider} iow, if you just hunt for mini-ranges, do you think there'd be a statistical advantage to take those trades wherever you find them?
[13:31] {Threei} I guess you can view it as a variation of JBE or DBI, in a sense of breaking the resistance in order to trigger a trade
[13:31] {RonS} nice 3i, i watch and make Costanza confusions...
[13:32] {larisa} what you describe are normal setup trades. With establishes support/res/ranges. What i was confused with : the ones that you say about ; starting the hunt : .15 recross with .10 stop, if does not work .10 recross with .05, then .05 with .00 stop. etc. when starting at .15, do you already have .00 support for it ? Do I make any sense? :)
[13:33] {Threei} I don't know how to answer that strider... I am not jumping on any move anywhere in the chart, I want certain significant zones
[13:33] {strider} k
[13:33] {Threei} no larisa
[13:33] {Threei} meaning of that sequence is:
[13:33] {larisa} no sense ? :)
[13:33] {Threei} lol
[13:33] {Threei} meaning of that sequence is:
[13:34] {Threei} we start hunt for 5 cents recross setup at .15, so first idea of entry is:
[13:34] {Threei} drop under .15, holding .10, going back over .15
[13:34] {larisa} but stock already has support at .10 ?
[13:35] {Threei} if it doesn't break .15 and loses .10 instead, we have new setup .05 - .10
[13:35] {magoo} im to lazy to read all that scroll, what u guys talking about
[13:35] {Threei} only if it loses .15 and consolidates between .10 and .15
[13:35] {RonS} lol mags
[13:35] {Threei} so it forms this support
[13:35] {Threei} never mind mags, dp will drop by with bottle of vodka and discuss it with you
06[13:36] * strider slaps magoo around a bit with a large dunce cap.
[13:36] {Threei} AIG C&H break... crap
[13:36] {Threei} was going to watch for that and missed
[13:36] {Threei} do I make sense larisa?
[13:37] {Threei} zone of support around .10-.20 comes from bigger picture chart
[13:37] {Threei} defining the zone where I start the hunt
[13:37] {Threei} then mini range gets established by the srtock itself as it drops there
[13:40] {dptl} so if fas gets to 21 hunt is on again?
[13:40] {larisa} to me support from bigger picture of .10-.20 is broken, i am looking for shorts :) but may be it all just miscommunication, hard to discuss it without example
[13:40] {Threei} sure, but remember that FAS is very closely related with market
[13:40] {Threei} larisa, major disctinction is:
[13:41] {Threei} consolidation above the support and break is short, it's a DBI setup
[13:41] {Threei} sharp drop into support is rather bounce
[13:41] {Threei} that's why I limit this routine to those three cases
[13:42] {larisa} ok :) i do not have to like all you do, i will like 80% :)
[13:42] {Threei} hey, at that number you will be like 79% more than any other woamn on this planet
[13:42] {Threei} woman too
[13:43] {larisa} lol
[13:43] {Threei} so I am happy with that ")
[13:47] {strider} Can you get s&p also with symbol like $dji, or do you need to subscribe to something?
[13:48] {Threei} use SPY
[13:48] {strider} right. but can't get s&p data, like you can dow jones?
[13:49] {Threei} oops
[13:49] {strider} that's not futs. that's index.
[13:50] {Threei} oh
[13:50] {strider} I didn't know until this morning that I could get $dji.
[13:50] {strider} Just asking if the same is available for s&p.
[13:50] {Threei} hmmm... i don't think so but ask trev just in case
[13:51] {strider} Ok. Trev? :)
[13:52] {Les} A b/d of .50 and GENZ has dropped through significant support
[13:56] {lasertrev} dji comes with a package called gindex data
06[13:56] * magoo slaps lasertrev around a bit with a large trout
[13:57] {strider} I can get dji. What else is in the package?
[13:59] {ese} morning......had a show at city hall with my pop choir.......anybody here singing the blues or is it A ok
[13:59] {lasertrev} dont think s&p is included with that
[13:59] {lasertrev} but will find out
[13:59] {lasertrev} should show up on bot. of laser
[13:59] {lasertrev} 3 or 4
[13:59] {lasertrev} boxes
[13:59] {Threei} ese :)
[14:00] {strider} I've changed those syms, and would need to know what the s& p sym is to find out.
[14:01] {lasertrev} strider dcc
[14:03] {Threei} (US) Fed Discount Rate Minutes: Directors are cautious on outlook; vote was 9-3 to maintain rate at 0.75%
[14:03] {Threei} - note consumer spending is better than anticipated
[14:03] {Threei} - directors voiced concern on budget gaps and possible impact on Govt spending and employment levels
[14:03] {Threei} - St Louis, Dallas and Richmond Fed voiced opinion to increase discount rate to 1%
[14:12] {RonS} 3i, is gs winding up to run?
[14:13] {Threei} whole market looks this way to me...
[14:13] {magoo} very strong GS
[14:14] {dino} turnaround tuesday
[14:14] {dino} sm l idsa .21
[14:16] {Threei} Long Setup: FAS .50 break
[14:17] {magoo} in
[14:18] {Threei} SPY needs to take 106
[14:19] {dptl} in
[14:19] {dptl} .51
[14:19] {dptl} stop under .40
[14:19] {Threei} 1:1, half out
[14:20] {dptl} out +.10 ty
[14:20] {magoo} out
[14:20] {magoo} ty
[14:20] {RonS} out .11 ty
[14:20] {Threei} full room of scalpers
[14:21] {magoo} pavlonion conditioned vad
[14:22] {RonS} my favorite onion
[14:22] {jfjf64} lvs any read sensi
[14:23] {Threei} lol
[14:23] {Threei} hmmm
[14:23] {Threei} LVS, not sure
[14:24] {jfjf64} .30-.35
[14:26] {Threei} YESSSS
[14:26] {Threei} finally, slavation is here!
[14:26] {Threei} BP US President Obama scheduled to travel to Louisiana on Friday to observe efforts on oil spill
[14:26] {Les} hehehe his own Katrina fast catching up with him
[14:27] {dino} observe, big deal, just turn on the tv
[14:27] {Threei} Lord, I know out of all my sins sarcasm is one you won't notice, so overwhelming ar the rest... si I'll abuse this one as much as I can
[14:27] {Les} all out .74 fas ty
[14:27] {Threei} welcome
[14:28] {Threei} ese, look dcc please
[14:29] {Les} was a bit tight on fdx first time dino, but caught it here for +.43
[14:29] {Les} tight on stop - got stopped
[14:29] {jfjf64} we gettinn push
[14:32] {strider} Sprint at $5
[14:32] {dino} gj, i'm going wider w/these swings in markets
[14:32] {dino} fcx green
[14:32] {Les} yeh understood that after couple of stops today
[14:38] {Threei} anyone tried FAS on pullback to .50?
[14:39] {jfjf64} watchin lvs
[14:41] {shorty} shorted .77 covered .66
[14:44] {Threei} careful
[14:44] {Threei} shorting is a good way to get burned now
[14:44] {shorty} got it
[14:47] {Threei} up up and away
[14:47] {Threei} turnaround it is dino
[14:47] {dino} giddy-up
[14:48] {magoo} RIG
[14:48] {magoo} AAPL
[14:48] {Les} nice on jf. scored +.19 on lvs
[14:48] {Threei} FAS gave perfect .80 - .85 on the last pullback
[14:49] {jfjf64} bulls runnin
[14:49] {jfjf64} yes
[14:49] {jfjf64} i think i lk this
[14:50] {dino} axe murderer market, "untrusting", out cf .33, +.82
[14:51] {ese} vad......ddc
[14:51] {Threei} Fox Business's Gasparino: FDIC may have to close down Chicago's Shorebank within a year; sources indicate its a 'sinkhole'
[14:51] {Threei} no really?
[14:52] {Threei} that one was identified as one of the worst abusers of political push and shive
[14:52] {shorty} Have a great day guys. Thanks for the lesson Threei. See you all tomorrow.
[14:52] {Threei} take care shorty
[14:52] {Les} ciao
[14:52] {Threei} wait...
[14:52] {Threei} lesson?
[14:52] {Threei} what lesson?
[14:52] {Threei} did I talk in my sleep again?
[14:52] {jfjf64} wow aig up buck from entry vad
[14:53] {dino} wait shorty out fdx .88, +.88
[14:53] {shorty} Don't worry, as soon as I crack this bottle of rye, I will forget everything.
[14:54] {shorty} nice dino.
[14:54] {dino} ty bud
[14:54] {Threei} ok... why do I not remember anything, and what is this empty bottle of Glenlivet doing on my desk?
[14:54] {jfjf64} nice dino
[14:54] {dino} ty
[14:54] {jfjf64} oh boy
[14:54] {Les} cause you hire employee for burger wage who has been teaching us?
[14:55] {Threei} sharp pullback is coming i seems
[14:55] {Les} while you are drinking like russian in front of tv
[14:55] {jfjf64} did ya start before our lesson TODAY
[14:55] {dino} $7.25/hour today for burger flippers
[14:55] {Threei} watch FAS for entry around 22
[14:56] {Threei} here we go
[14:56] {Threei} how's that for sharp pullback
[14:57] {Threei} let's see how that lesson went... anyone got .05 FAS?
[14:58] {Les} huh?
[14:58] {Les} no. thought market had further to drop. so didn't touch
[14:59] {Threei} almost 30 cents quick drop
[14:59] {Threei} named area to watch for entry
[14:59] {Threei} [14:55] {Threei} sharp pullback is coming i seems
[14:59] {Threei} [14:55] {Threei} watch FAS for entry around 22
[14:59] {Les} ok, so fas can move independently of market. will remember that.
[14:59] {Les} yeh, was watching it
[15:00] {Threei} SPIR Signs deal to supply solar simulator (3.70, +0.02, 0.54%)
[15:01] {strider} a fake sun?
[15:01] {Threei} yeah, what's up with that
[15:01] {Les} oh, i thought it was something we could play with
[15:01] {strider} every morning:)
[15:01] {RonS} solar stimulator
[15:02] {Threei} Spires simulators have become the benchmark for PV module testing with a majority of the worlds manufactured modules tested with Spire simulators
[15:02] {RonS} paris hilton could do ads: That's Hot...
[15:03] {strider} FCX 67
[15:03] {RonS} dino, this idsa is like the gunfight at the OK corral
[15:05] {dino} careful w/it trades by appointment
[15:05] {dino} towards end of day usually pops up .50 or so
[15:06] {dino} thinny
[15:06] {jfjf64} lvs fill gap
[15:06] {Threei} sheesh
[15:07] {Threei} just wanted to say FAS .30 -.35
[15:07] {Threei} it was at .49 by the time I typed
[15:07] {magoo} skype
[15:08] {Threei} don't even
[15:08] {magoo} i cant call mine out either
[15:08] {magoo} made fortune RIG
[15:08] {magoo} new respect for u tho vad, to get it typed in in time
06[15:08] * strider slaps magoo around a bit with a large low-resolution picture of VAD
[15:09] {Threei} if it trades so fast that it's hard to alert, it will be to fast for someone to follow
[15:09] {magoo} HEY, i just told u i admire u
[15:09] {Threei} I appreciate that
[15:09] {Threei} just explaining my reasons for not going skype route
[15:10] {Les} fas .50 break?
[15:10] {Threei} not even speaking of lack of desire to hear you guys snoring
[15:10] {Threei} sure, if holding .40
[15:11] {dptl} gg?
[15:11] {Threei} pullbacks are still the way to go on momos
[15:11] {magoo} vad, i cant type it fast enough, but remind room here the risk of failure is increasing ok?
[15:11] {Threei} GG??
[15:12] {Threei} no dp
[15:12] {Threei} yes... magoo is right
[15:12] {Threei} as we move higher, breaks become more and more dangrerous
[15:12] {ese} signing off until tomorrow.....i'm outta sync here today can't really find or get a feel for things.......see ya later
[15:12] {Threei} take care ese
[15:12] {magoo} bye ese
[15:12] {magoo} magoo faints
[15:12] {ese} vad mags......
[15:12] {jfjf64} enjoy ese
[15:13] {ese} jf
[15:13] {magoo} [15:12] {&Threei} yes... magoo is right
[15:14] {magoo} magoo faints..head hits keyboard..it shorts rig..makes a buck
[15:14] {Threei} lol
[15:14] {magoo} thats team work
[15:24] {Threei} very impressive recovery today
[15:25] {strider} dow above 10k
[15:28] {dino} ron, idsa
[15:29] {jfjf64} look aig missed that nice pullbk
[15:29] {RonS} wtg dino, i bailed at -.02
[15:29] {RonS} but, employed 3i's lesson on faz for +.06
[15:29] {magoo} someone way earlier typed in green close
[15:30] {magoo} hint-hhes a cartoon character
[15:31] {dino} bummer on the bail, but good stop in any case
[15:31] {dino} dino
[15:31] {Les} strider?
[15:31] {dino} turnaround tuesday
[15:31] {strider} what?
[15:31] {magoo} shit, hes a cartoon too
[15:31] {magoo} mr magoo
[15:31] {Les} hehehe
[15:31] {Threei} lol
[15:32] {Les} oh look after hanging yesterday on our FAS long when market reversed, was going to leave guessing to others
[15:36] {Les} was long spy at 105.08 @ 15:36. didn't think to stick with it and pick it up again 15 min. later.
[15:36] {Les} 09:36 your time
[15:37] {dino} 3:37 my time
[15:38] {Les} a wide dino stop on such a small amount would have kept me in the trade
[15:38] {Les} you are in hawaii dino?
[15:38] {dino} no, pennsylvania
[15:39] {Les} no, was talking about 15:36 MY time
[15:39] {jfjf64} long island dino get togetger 4 drink
[15:39] {Les} I was long SPY at the open
[15:39] {dino} les wide stops on small shares. use a $ amount. whippy days like lately, widen a bit more or size down more. but whatever happen no more than $250 loss
[15:39] {dino} indeed jf
[15:40] {Les} no, I was much tighter than that. too tight
[15:41] {Les} and not going with trend either. stupid me, shorting GENZ as market does moon shot
[15:42] {dino} obamination asked congress yesterday for $200 billion stimulus two. like his first $800b did anything
[15:43] {Threei} Long Setup: FAZ .10 break
[15:43] {strider} Hey it's only paper, man. What's the big deal:)
[15:43] {Threei} if stays above .05 for scalpers
[15:43] {Threei} 16 for a bigger trade
[15:44] {Threei} 1:1 scalpers
[15:44] {Threei} 1:1 day traders
[15:44] {Threei} how much easier can it be?
[15:44] {Les} I shorted
[15:44] {Les} and then doubled down
[15:45] {Threei} huh?
[15:45] {dino} metals/miners strong
[15:45] {Les} sigh. controls are on opposite sides to IB
[15:45] {dino} fcx, clf $1+
[15:45] {RonS} out .10 thxs 3i
[15:45] {Threei} :)
[15:47] {strider} maybe we can gap up in the morning.
[15:48] {dino} rather we didn't, gaps usually get filled
[15:56] {strider} I'm holding GE overnight from 15.49.
[15:56] {strider} that's why I'd like a gap up, dino:)
[15:56] {strider} But i won't gap much, if at all.
[15:56] {strider} it
[15:57] {dino} gotcha
[15:57] {Threei} healthy day
[15:57] {Threei} maybe not stellar, but solid
[15:58] {dino} out bwld .76, +.61
[15:58] {dptl} have a good evening all
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {Les} yeh ciao
[15:59] {dino} out idsa .43, +.21
[16:00] {strider} I missed those last two of yours, dino. wtg.
[16:01] {dino} wow ndx, s/p green
[16:01] {larisa} bye all
[16:01] {dino} bwld was long ago, idsa ron and i were talking about hour or so ago
[16:02] {strider} not paying good attention.
[16:02] {Threei} TIVO Reports Q1 -$0.13 v -$0.16e, R$61.4M v $43Me