Monday, July 19, 2010

Jul 19 2010

Very nice day with profits flowing effortlessly, in decent sizes and easy trades. Didn't even feel like summer. Chart below shows one of them for 40 cents.

Session Time: Mon Jul 19 00:00:00 2010
[08:33] {Threei}  BIDU Accused of providing online advertising services to fake pharmaceutical websites - China Central Television (CCTV)
[08:33] {Threei}  BIDU Accused of providing online advertising services to fake pharmaceutical websites - China Central Television (CCTV)
[08:34] {Threei}  BIDU Accused of providing online advertising services to fake pharmaceutical websites - China Central Television (CCTV)
[08:34] {Threei}  oops... sory
[08:34] {Threei}  - China Central Television's "Weekly Quality Report" recently ran an expose on Chinese search providers, including Baidu, that had provided online advertising services to fake pharmaceutical websites. According to the report, a suspect involved in operating one of the fake drug sites told Wuhan police that employees claiming to work for Baidu's paid search ranking business had actively contacted the site, offering to sell several keywords. The suspect reported that of the site's more than RMB 400,000 in fake drug sales, approximately RMB 300,000 was spent in advertising on Baidu.
[08:36] {hawk} morning
[08:36] {Threei}  hawk :)
[08:36] {patience} morning  :)
[08:37] {nemo} was that you grabbing the mouse off the median strip yesterday Hawk ;)
[08:37] {Threei}  patience, nemo :)
[08:37] {hawk} missed that one :)
[09:12] {Threei}  BP tried to form C&H
[09:12] {Threei}  with .40 trigger
[09:12] {Threei}  well, as much as you cantrust premarket charts
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:17] {nemo} we shoulda' trusted the chart on bidu ;)
[09:17] {shorty} good morning
[09:17] {Threei}  shorty :)
[09:17] {_wyousuf} Threei you said BP .40 it Long or Short (this is my first day...just wanted to understand)
[09:17] {Threei}  hi wyousuf
[09:18] {Threei}  this is not a call, this is rather musings, we rarely if ever trade pere-market,
[09:18] {Threei}  when particular call is made it will look like this:
[09:18] {Threei} Long Setup:  ABCD  20 break if stays above 19.90
[09:18] {Threei}  which means, enter ABCD when 20 is broken, stop is under 19.90
[09:19] {_wyousuf} ok wonderful thanks for your help
[09:19] {Threei}  np
[09:19] {Threei}  accordngly,
[09:19] {Threei}  short setup looks this way
[09:19] {dino} welcome wyou
[09:19] {Threei} Short Setup: ABCD  .20 break if stays under 20.10
[09:21] {Les} ?
[09:21] {Les} have I gone forward in time?
[09:22] {nemo} don't answer him, maybe he'll go away
[09:22] {Les} you miss me sweety?
[09:23] {nemo} like a case of the clap
[09:23] {Threei}  hey Les, welcome back
[09:23] {Les} morning, what's with the calls?
[09:23] {Threei}  what calls?
[09:23] {nemo} showing the format for shorty
[09:23] {Les} ahhh
[09:23] {nemo} ahhh...wyou
[09:24] {shorty} still don't get the format nemo
[09:24] {nemo} ?
[09:24] {lasertrev} morning all
[09:24] {nemo} play bidu this morning trev?
[09:24] {Threei}  trev :)
[09:24] {lasertrev} huh, no
[09:25] {Threei}  notice BP worked nicely on invalidation
[09:25] {Threei}  36.20 handle bottom break
[09:25] {Threei}  and BIDU on .50 break
[09:25] {nemo} that's kinda' like saying, "good think I married here, else I wouldn't have been able to get a divorce."
[09:26] {nemo} her
[09:26] {Threei}  hmm?
[09:26] {nemo} meds
[09:26] {Threei}  I must be sleeping stoll... don't get it
[09:26] {Threei}  ah
[09:26] {ese} good morning
[09:26] {Threei}  ese!
[09:26] {Threei}  welcome back
[09:26] {Threei}  all vactioners are back with us
[09:26] {nemo} have a dreadnought?
[09:26] {ese} Whistler is nice this time of year
[09:27] {Threei}  vacationers
[09:27] {magoo} .
[09:27] {ese} whats a dreadnought
[09:27] {Threei}  [09:26] {nemo} meds
[09:27] {Threei}  magoo :)
[09:28] {lilyd} good morning!
[09:28] {Threei}  lily :)
[09:28] {ese} hmmmmm   I dreanought being on the board
[09:28] {Threei}  lol
[09:28] {ese} some new
[09:30] {Threei}  HAL nice chart.... hate the spread
[09:30] {ese} dino........had a shot at shooting a 77 at Nicklaus North with 2 holes to go........I go double boogy and then triple boogy  and shoot 82....daaaaaaaaaaa
[09:30] {Les} what's on the menu?
[09:30] {Threei}  never mind HAL for ow
[09:30] {Threei}  BP sharp selling
[09:31] {dino} wow es, thats good
[09:32] {jfjf64} mornin
[09:32] {Threei}  jf :)
[09:32] {Les} bp looking to fill that gap
[09:32] {Threei} Long Setup:  LVS  .75 break
[09:33] {Threei}  if stays above .65
[09:33] {nemo} .72 maybe
[09:33] {Threei}  sure, big offer there
[09:33] {nemo} see that offer
[09:33] {nemo} ;)
[09:34] {Threei}  invalidated
[09:34] {nemo} looks like .60 is premarket support, short below?
[09:34] {Threei} Long Setup:  BP  .80 break half lot
[09:35] {Threei}  invalidated
[09:35] {Les} SCHW read vad?
[09:35] {Threei}  no LVS
[09:35] {Threei}  still long, just different trigger
[09:36] {Threei}  .70 break most likely
[09:36] {Threei}  if not lofing .60 anymore
[09:36] {Threei}  no idea on SCHW
[09:37] {magoo} BIDU vads..4 points down
[09:37] {Threei}  LVS no game
[09:37] {Threei}  BIDU had nasty news
[09:38] {magoo} ah
[09:38] {magoo} rimm nasty red bar
[09:38] {dino} amed sm l .00
[09:39] {Threei}  sftrange disconnect between indices and stocks
[09:40] {Threei}  no single triggered trade yet
[09:40] {Threei}  HAL, watching for long on pullback
[09:40] {Threei}  .80 nearest support
[09:40] {magoo} APOL moving
[09:40] {magoo} edu stox
[09:41] {Threei} Long Setup:  HAL  .85
[09:42] {Threei}  if stays above .75
[09:42] {magoo} in
[09:42] {Threei}  (US) Preview: July NAHB Housing Market Index due out at 10:00ET
[09:42] {ese} in
[09:42] {ese} .86
[09:43] {Threei}  if works, not a scalp for me
[09:43] {magoo} dont rinse us please
[09:43] {Threei}  intend to partial near 29
[09:43] {magoo} APOL nuts
[09:44] {dino} esi too
[09:44] {dino} ceco, dv
[09:45] {ese} whats your plans for hal vad
[09:45] {Threei}  [09:43] {Threei} if works, not a scalp for me
[09:45] {Threei}  [09:43] {Threei} intend to partial near 29
[09:45] {Threei}  1:1
[09:45] {Threei}  half out
[09:45] {Threei}  stop to under .80
[09:46] {Threei}  1:2
[09:46] {ese} out
[09:46] {jfjf64} yeahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
[09:46] {ese} .01
[09:46] {nemo} spy premarket high was at pivot resistance
[09:46] {ese} tks vad
[09:46] {Threei}  sure
[09:46] {jfjf64} ty
[09:46] {magoo} ty
[09:46] {gregns} ty
[09:46] {Threei}  welcome guys
[09:47] {Threei}  1/4 is here still
[09:47] {magoo} damm was gonna take apol off .10
[09:48] {Threei}  keeping stop under .80, will trail after new high only
[09:48] {Threei}  APOL Strength in for-profit education names attributed to further chatter that Dept of Education could revise "gainful employment" rules to be less damaging to the sector (49.38, +3.81, 8.36%) (related ESI COCO CECO )
06[09:49] * Threei kicks HAL in the rear
[09:49] {magoo} thinking APOL at least .40 area
[09:49] {magoo} OOPS HAL that is
[09:50] {Threei}  HAL last part stop to under .90
[09:50] {shorty} ty on HAL Threei
[09:50] {Threei}  welcome
[09:50] {magoo} vads many thanx :)
[09:50] {Threei}  missed exit at 1:3
[09:50] {Threei}  yeah, I am easily blushing type
[09:51] {Les} gotta couple of non-working ecn's again. anyone else?
[09:51] {gregns} yes
[09:51] {magoo} i bet u cried during "legends of the fall"
[09:51] {Threei}  I also cried during Godzilla
[09:52] {magoo} ME TOO !!
[09:52] {Threei}  see? it's very heartbreaking movie
[09:52] {nemo} always edgx
[09:53] {Threei}  modifying plan for HAL: stop is under .90 stil, but no exit at 1:3, want .25 or so, which is 1:4
[09:53] {nemo} .44 premarket high on spy
[09:53] {magoo} i spoke with mkt..i want .37 and it said it  would think about it
[09:55] {magoo} RIG has not bounced yet
[09:55] {Threei}  stop to under .95
[09:55] {Threei}  trailing by the book
[09:55] {magoo} the bible?
[09:55] {Threei}  no thinking involved, pure standard procedure
[09:55] {lilyd} 3i, CAT?
[09:56] {Threei}  hmm
[09:56] {Threei}  CAT feels to me like short on .60 break, half lot
[09:57] {Threei}  not totally confident about this one, make it discretioanrty setup
[09:57] {Threei}  if stays under .75
[09:57] {magoo} bad quotes out there
[09:57] {dino} no esi avail cyber
[09:58] {lilyd} thx
[09:58] {ese} vad you keep any hal
[09:58] {Threei}  1/4
[09:58] {Threei}  ese, you don't read my comments at all?? :)
[09:58] {Threei}  all this time I commented on how I trail and set tragets for this last part
[09:58] {ese} ahhhhh there it is......sorry missed it
[09:58] {nemo} you did?
[09:58] {nemo} ;)
[09:58] {jfjf64} .15  break  vad   hal  for  me  whoo  got  out
[09:58] {Threei}  lol
[09:59] {Threei}  you two
[09:59] {dino} sm s apol .25
[09:59] {jfjf64} no
[09:59] {nemo} Well, I had a big glass of....let's just say I thought it was water ;)
[10:00] {Threei}  *(US) JULY NAHB HOUSING MARKET INDEX: 14 V 16E
[10:00] {Threei}  yikes
[10:00] {nemo} spy heading for the open and just bouncing off 200 now
[10:00] {Threei}  right in hands of CAT shorts
[10:00] {Threei}  1:1 CAT, who took it
[10:00] {Threei}  HAL, last part is out
[10:01] {magoo} yup
[10:01] {gregns} yup
[10:01] {dino} amed stopped -.27
[10:01] {magoo} WOW AAPL rot
[10:01] {gregns} ty lily n vad
[10:02] {dino} apol stopped -.30
[10:02] {lilyd} ty vad
[10:02] {Threei}  :)
[10:08] {jfjf64} bhi  bounce   ya  lk
[10:08] {nemo} .40 range first half hour....oy vay
[10:10] {Les} .80 b/d hal?
[10:10] {magoo} uglu mkt chart
[10:10] {nemo} what's that, aborigine?
[10:12] {Threei}  BHI, I'd try to play double bottom on iy,
[10:12] {Threei}  let it dive under 47
[10:12] {Threei}  then buy recross of 47 if it stays above .85
[10:13] {jfjf64} ty
[10:13] {Threei}  not right away, need a little consolidation
[10:13] {Threei}  alternative way is .05 long, but this one I like less
[10:13] {Threei}  good, lost 47
[10:13] {Threei}  volatile one, half lot
[10:14] {Threei}  CAT
[10:14] {Threei} Long Setup:  CAT  .40 break half lot
[10:14] {Threei}  if stays above .30
[10:15] {nemo} in
[10:15] {magoo} in cat
[10:15] {dino} apol hl s .24 stop .51
[10:16] {dino} stopped
[10:17] {Threei}  CAT no go
[10:18] {Threei}  BHI invalidated
[10:18] {nemo} wtf, I got all sorts of weird prints on cat
[10:18] {dino} mkts wantn open gap filled
[10:18] {nemo} yeah, no longs
[10:18] {magoo} all the edge are bad
[10:18] {magoo} nemo
[10:19] {nemo} screwed up my exit out of cat.  ended up getting out at .24
[10:19] {nemo} frickin quotes
[10:20] {magoo} its prob the market maker and not laser
[10:20] {nemo} yeah...understand
[10:23] {lilyd} X is struggling
[10:23] {nemo} .66 was spy close
[10:25] {nemo} this is going to test Friday lows
[10:25] {Threei}  amazingly, gap is practically closed
[10:25] {Les} s apol .28 small
[10:25] {dino} filled
[10:26] {magoo} so manipulated its ridiculous
[10:26] {nemo} in tna .45
[10:26] {nemo} we'll see
[10:26] {nemo} stop .36
[10:26] {dino} cvlt l .00
[10:27] {ese} apol is looking classic vad ....right out of you book eh
[10:28] {nemo} out
[10:28] {Threei}  all indices are red now
[10:29] {Threei}  bounce should be very close
[10:29] {magoo} cat must be near bounce area vad?
[10:29] {ese} somethings wrong there........easily 3/4 of the NAS100 are green
[10:29] {Threei}  CAT, X
[10:30] {Threei}  X, last pullback to about .80
[10:30] {Threei}  let's try to nail entry, half lot
[10:30] {Threei}  ugh
[10:30] {Threei}  got away
[10:31] {Threei}  CAT .80 break
[10:31] {Threei}  half lot
[10:31] {Threei}  stop under .70
[10:31] {Threei}  awww X... crying bitterly
[10:31] {Threei}  was late by just a few seconds
[10:31] {jfjf64} got it
[10:32] {nemo} I missed cat too
[10:32] {Threei}  x?
[10:32] {Threei}  CAT 1:1
[10:32] {jfjf64} y
[10:32] {Threei}  wtg
[10:32] {jfjf64} .92
[10:32] {jfjf64} half out
[10:32] {Threei}  a bit high for me, I wanted it around .90
[10:32] {Threei}  .80
[10:33] {jfjf64} they  call me  chaser
[10:33] {jfjf64} lol
[10:33] {Threei}  not for nothing obviously {G}
[10:33] {dino} gj jf
[10:34] {jfjf64} ty
[10:34] {shorty} Calling it a day all, cya tomorrow.
[10:34] {Threei}  take care shorty
[10:35] {magoo} bye shortster
[10:35] {dino} cya
[10:35] {jfjf64} later shorts
[10:35] {shorty} :)
[10:36] {jfjf64} tm  to  get  long
[10:36] {jfjf64} i think
[10:37] {Les} vad fas read?
[10:37] {Les} bounce territory?
[10:37] {Threei}  feel free to exit CAT in dull
[10:38] {Threei}  FAS, was a bounce candidate at the moment of X/CAT calls,
[10:38] {Les} ok
[10:38] {Threei}  now I'd prefer to waot for some consolidation,
[10:38] {Threei}  then break of resistance
[10:38] {Threei}  in FAS case it's .60
[10:40] {Threei}  consolidation failed
[10:40] {lilyd} X?
[10:41] {Threei}  X is on watch for double bottom,
[10:41] {Threei}  it's a bit stronger than the market
[10:41] {lilyd} oh, thx
[10:41] {Threei}  no lcear setup yet
[10:41] {Threei}  clear
[10:42] {Threei}  well, there is one, I just don't like it very much
[10:42] {Threei}  41 break if holding .85
[10:42] {nemo} tza
[10:42] {nemo} sorry
[10:42] {Les} they reverse split this sucker nemo?
[10:42] {nemo} yep
[10:43] {nemo} more fun
[10:44] {Threei}  like it more now
[10:44] {Threei}  X I mean
[10:44] {jfjf64} 41
[10:45] {dino} amed l .72
[10:45] {Threei}  market sizeable bounce is about to start, IMO
[10:45] {magoo} sizeable?
[10:46] {nemo} wouldn't bet on it
[10:46] {Les} crap there goes apol. stopped earlier
[10:46] {nemo} Les, get me a present in Italy?
[10:46] {Les} horses head
[10:46] {nemo} "horse's"
[10:47] {Les} yeh yeh
[10:47] {nemo} forgot, Ozzies don't speak English
[10:48] {Les} get off the bloody booze will ya!
[10:48] {ese} L apol 1/2  .46
[10:48] {nemo} why, it's lunchtime in Switzerland
[10:48] {nemo} way past atually
[10:48] {Les} woke up way to early. on coffee right now
[10:48] {nemo} if spy loses low, think it goes to .95 area
[10:50] {magoo} lvs lows vad
[10:51] {Threei}  guess who is coming on TV
[10:51] {Threei}  to talk about economy and jobs
[10:51] {Les} shania twain
[10:51] {magoo} barbra walters
[10:51] {Les} pamela anderson
[10:51] {jfjf64} mr  rogers
[10:51] {Les} booboo the monkey
[10:51] {jfjf64} ahh
[10:52] {jfjf64} lol
[10:52] {jfjf64} wecome bk LES
[10:52] {Les} you can keep tuscany jf. I wanna be here
[10:53] {Les} apol broke 49
[10:54] {ese} stopped .00 -.46 apol
[10:54] {ese} daaaaaaaaaa
[10:54] {nemo} ow
[10:54] {ese} 1/2
[10:54] {ese} oh ya up
[10:55] {Threei}  MAGS Received a Position Letter and Two Non-Binding Financing Proposals That Were Solicited by the Dissident Shareholder (3.13, +0.36, 13.00%)
[10:55] {magoo} i did??
[10:56] {nemo} check your mailbox
[10:58] {Les} 100ma support hourly chart
[10:59] {Les} here spy. bounce time?
[10:59] {nemo} bounced already
[10:59] {Threei}  should do much more
[10:59] {Les} apol covered +.35 tough nut to crack
[11:00] {magoo} LVS then could bounce imo
[11:01] {Threei}  yup
[11:01] {Threei} Long Setup:  LVS  .70 break
[11:01] {Threei}  if holding above .60
[11:02] {Threei}  not a scalp if works
[11:02] {magoo} yea agree
[11:02] {nemo} wow didn't get a fill
[11:02] {magoo} just get in now
[11:02] {magoo} 23.40 area
[11:02] {nemo} won't fill
[11:02] {nemo} something weird
[11:04] {ese} L aks .52
[11:04] {Threei}  1:1
[11:05] {Threei}  half out, stop to under b/e
[11:05] {magoo} i make the sno balls..u throw them :)
[11:05] {Threei}  standard procedure
[11:05] {Threei}  yeah, but you have two offers by shareholders
[11:05] {Threei}  and I don't
[11:07] {Threei}  1:2
[11:07] {Threei}  1/4 more out
[11:08] {Threei}  stop to .75
[11:10] {nemo} this is friday low area for spy
[11:12] {Les} missed the lvs call. inverse h&s in the works?
[11:13] {Threei}  no idea
[11:15] {Threei}  so, the whole point of the speech was to admonish republicans for resisting passing law on unemployment benefits
[11:15] {Threei}  no signle word on what to do with jobs
[11:15] {Threei}  next election is all that matters
[11:15] {Les} he's learning fast
[11:15] {Threei}  not at all - working for the nbext election is all he ever knew
[11:16] {Les} same crap in Oz. Old PM dumped for messing with miners, 1st fem PM put in place, immediate call for elections
[11:17] {Threei}  make up your mind:
[11:17] {Threei}  to take 1:3 on LVS,
[11:17] {Threei}  or to trail and try for spike over 23
[11:17] {nemo} I'd stay in, I think spy goes at least to .90 area
[11:17] {Threei}  stop to under .80 at this point
[11:17] {jfjf64} boo boo  the  monkey helpin us  with  lvs
[11:18] {jfjf64} go boo bbo
[11:18] {nemo} ?
[11:19] {Les} jf you can't say that on television. not politically correct. no inference was made with booboo...
[11:19] {jfjf64} i cant  stop  lol
[11:20] {jfjf64} made  me  laugh
[11:20] {jfjf64} and  3i  makin me$$
[11:20] {jfjf64} life good
[11:20] {ese} out 1/2 aks .64 +.12
[11:20] {Threei}  jf is having fun AND making money
[11:20] {Threei}  is it even legal?
[11:21] {jfjf64} slap  nemo  around   he  sleepin  again
[11:21] {nemo} ?
[11:21] {nemo} just trying to get in rythm...missing calls, still in red
[11:21] {Les}
[11:21] {Les} same here
[11:21] {jfjf64} lk bothering  nemo
[11:22] {nemo} might not be a good idea
[11:22] {jfjf64} all winners
[11:22] {Threei}  1:3
[11:22] {jfjf64} 23  break  lvs
[11:22] {jfjf64} yeah   boo boo
[11:22] {Threei}  if trailing, trail to under .90
[11:22] {jfjf64} yup
[11:23] {dino} ccmp hl l .74
[11:26] {jfjf64} 3i  ya  lk rimm  breakout
[11:26] {jfjf64} or  rather  pullbk
[11:26] {nemo} spy gonna have problems here
[11:27] {Les} banksters weak
[11:27] {Threei}  no jf
[11:27] {Threei}  don't like it at all
[11:27] {Les} db wfc read vad?
[11:28] {dino} out amed .85, +.13
[11:28] {Threei}  I don't see it
[11:30] {Les} ok. was thinking .75 recross
[11:36] {jfjf64} look tsla
[11:36] {jfjf64} lk  break
[11:37] {Threei}  not sure jf
[11:42] {_wyousuf} all still here...its awefully quite!!!
[11:43] {nemo} summer trading
[11:43] {dino} ccmp stopped -.25
[11:43] {nemo} what's wyousuf short for "Why you suffering?"
[11:43] {_wyousuf} lol very funny
[11:44] {nemo} well?
[11:44] {Les} Nemo's on the ball today. new meds are working
[11:44] {nemo} got sleep last night
[11:44] {_wyousuf} waheed is the first name and yousuf is the last
[11:44] {nemo} kinda'
[11:44] {nemo} ahhhhh...Joseph
[11:45] {_wyousuf} u got that right Nema
[11:45] {dino} sm l whr .60
[11:45] {_wyousuf} Nemo
[11:45] {nemo} I'm not a female fish
[11:46] {Les} how do we know you're not?
[11:46] {Les} some craaazy people stalking this room
[11:46] {nemo} well, then the fwb is in for a big surprise
[11:47] {Threei}  market slowed down, wyosuf
[11:47] {Threei}  so did we
[11:47] {_wyousuf} ahh Threei is here!!!!!!!1
[11:47] {Threei}  ain't I always
[11:47] {nemo} yeah, he's like herpes...can never get rid of him
[11:47] {jfjf64} l
[11:47] {Threei}  sigh
[11:47] {jfjf64} o
[11:47] {jfjf64} l
[11:48] {Les} whr crazy. remember this stock getting away on the 7th. huge bounce and now even lower
[11:48] {Les} oops I need glasses
[11:49] {jfjf64} or shot vodka
[11:49] {jfjf64} or  grappa
[11:50] {Les} or sleep
[11:50] {Les} kids are off to see Toy Story 3. will grab a little shut eye
[11:52] {Les} sm l apol .53 stop below .30
[11:56] {magoo} grapa}? remember what happened to me on grappa at hunting club dino?
[11:56] {ese} L gild .88     still L aks with 1/2 of previous position
[11:59] {Threei}  jf, you went for TSLA?
[11:59] {jfjf64} grrrrrrrrr
[11:59] {jfjf64} went  to  slepp
[11:59] {Threei}  good idea too
[12:00] {Les} out apol +.30
[12:00] {jfjf64} wtg  les
[12:00] {Les} diggin holes and filling em jf
[12:01] {jfjf64} been  there  done  that
[12:01] {jfjf64} makes  ya  strong
[12:01] {Les} no, beer does that
[12:01] {ese} nice one les
[12:01] {jfjf64} lol
[12:02] {jfjf64} im gonna  grap  sm  lunch   see all little  later
[12:02] {Les} reread reminiscence of a stock operator while in italy. helping me to refocus and slow down though
[12:02] {Les} later
[12:03] {jfjf64} im  reading  how  to  trade  stocks
[12:03] {jfjf64} like  it
[12:03] {jfjf64} 3i  didnt
[12:03] {Les} i've got vad's voice in my head now
[12:03] {nemo} miracle there's anything in there
[12:04] {Les} berating me when I screw up and showing me how it should be
[12:04] {Les} piss off
[12:04] {jfjf64} lol
[12:04] {jfjf64} comon  nemo  ya missed  les  while  he  was   gone  stop
[12:05] {nemo} true...
[12:05] {magoo} nemo's cranky (or more than usual i should say :)
[12:05] {nemo} missed him like barbed wire floss
[12:05] {jfjf64} noticed  that mags
[12:06] {nemo} coming in to spy support
[12:06] {magoo} yea..i hope he doesnt read this
[12:06] {magoo} oops
[12:06] {nemo} no probs mags
[12:06] {jfjf64} very  good at  reading  spy  ect
06[12:06] * nemo where's that rocket launcher
[12:06] {jfjf64} keep  hm  around
06[12:07] * nemo "Need map to Pennsylvania"
[12:07] {magoo} pennsyltuckey
[12:07] {nemo} hehehehe
[12:07] {ese} out gild .00 +.12
[12:08] {ese} see you in a bit ....doctors appoint ment
[12:09] {nemo} md, or psyche?
[12:20] {Threei}  yawn
[12:23] {nemo} mmmmhhhh...might fcx be forming the right side of an IH&S
[12:24] {magoo} or cup and handle
[12:24] {nemo} with handles on both sides then
[12:24] {Threei}  rofl
[12:25] {hawk} those are called love handles when they're on both sides
[12:25] {nemo} might have to shut down...thunderstorms rolling in
[12:25] {Threei}  {--- crawling under the table
[12:25] {nemo} I've got a sixpack
[12:25] {magoo} finds magoo there
[12:26] {Threei}  who the heck designs such tableware
[12:26] {magoo} sixpack abs?
[12:26] {nemo} so much for the IH&S or C&H
[12:26] {nemo} well, IH&S could be in tct
[12:26] {Threei}  you are finding paterns where there is none
[12:26] {Threei}  10 min cup?
[12:26] {Threei}  come on
[12:26] {jfjf64} time  to  tk nap
[12:27] {Threei}  want to find acording place in TTR or want me to,
[12:27] {Threei}  where it says that pattern needs some reasonable time to form,
[12:27] {Threei}  in case of cup and handle, cup needs an hour at least
[12:28] {Threei}  sometimes in fast paced environment it can be shorter, but 10 min is a serious stretch
[12:28] {jfjf64} i  pulledd symbol  up   ttr
[12:28] {Threei}  lol
06[12:28] * Threei slaps jfjf64 around a bit with a large book of Techniques of Tape Reading
[12:28] {magoo} i need to read these books u refere too
[12:28] {jfjf64} luv  that book
[12:28] {Threei}  nah mags, we like you as you are
[12:28] {jfjf64} crazy author
[12:29] {jfjf64} some guy  from ussr
[12:30] {Threei}  is he still there?
[12:30] {dino} sm l shld .70
[12:30] {jfjf64} dont  know
[12:31] {jfjf64} rumor  has  it  has  chat  room
[12:31] {Les} wow whr
[12:31] {jfjf64} lot  crazy people  in  there
[12:31] {dino} :D
[12:32] {Les} crikey!
[12:32] {jfjf64} how  i mk smiley faces
[12:32] {Les} hit keyboard really hard jf
[12:33] {Les} and smiley face appears
[12:33] {Les} you did it?
[12:34] {Les} :P
[12:35] {dino} whr to .30
[12:36] {dino} out +.70
[12:36] {Les} nice one
[12:36] {dino} ty
[12:53] {Les} apol still dropping as market runs
[12:56] {Les} RIG read vad?
[13:00] {Threei}  none
[13:01] {Les} k
[13:07] {Threei}  the more I look at it the more it looks like short to me
[13:08] {Les} reading the RICO story on it now. but wondering if it was ready to come back
[13:09] {Les} don't see setup yet
[13:09] {Les} APOL has tightened up. can't read long or short though. u got a read?
[13:10] {dino} cpla only one holding big gains
[13:11] {Les} cpla last support here. vwap. then its air
[13:11] {Threei}  if anything, short, APOL
[13:11] {Threei}  51/49
[13:11] {dino} too late
[13:12] {Les} yep
[13:12] {dino} sm s cpla .90
[13:12] {Threei}  RIG's breaking down
[13:15] {magoo} aapl too
[13:16] {Les} damn was weighing up cpla and apol rolled over. sm s cpla .93
[13:18] {magoo} RIMM rolling over next
[13:19] {Les} can't remember all ed stocks dino. apol, cpla and ?
[13:19] {lilyd} dv
[13:19] {Les} that pulp stock
[13:20] {magoo} ceco
[13:20] {magoo} coco
[13:20] {Les} ty and another one. was priced around 100 when we were playing it
[13:23] {dino} esi
[13:23] {magoo} ese?
[13:24] {Les} right. ty
[13:25] {magoo} why is "rain right" and a "fiddle fit" ?
[13:25] {nemo} read fcx
[13:25] {nemo} they rhyme
[13:36] {lilyd} X?
[13:37] {nemo} boy..if fcx ever loses 60
[13:38] {dino} then 58s
[13:38] {nemo} probably bounce of 59 pivot support first
[13:39] {Les} my offer taken out cpla covered +.40
[13:39] {dino} gj
[13:39] {dino} f'ing bounce
[13:40] {Les} big volume
[13:40] {Les} small but confidence building win day. I'll take it
[13:40] {Les} c u's tomorrow
[13:41] {nemo} tftw
[13:41] {dino} cya
[13:43] {dino} smt blood
[13:44] {dino} too fast
[13:44] {Threei}  take care Les
[13:45] {patience} .
[13:45] {nemo} edgx screwed up again
[13:49] {Threei}  nice slide APOL
[13:51] {ese} yeowzaaaa.......anything new and exciting
[13:52] {nemo} Les left for the day
[13:52] {ese} cool
[13:52] {nemo} have a Martin Dreadnought?
[13:52] {ese} what is that?}
[13:53] {nemo} nevermind...somebody in this room, a while back claimed to have one...can't remember who it was
[13:55] {Threei} Long Setup:  APOL  .50 break
[13:55] {magoo} full lot?
[13:55] {Threei}  stop would have to be under .35
[13:55] {Threei}  so calculate your risk tolerance
[13:56] {Threei}  scalpers can try for stop under .40
[13:56] {Threei}  trade is not a scalp for me
[13:56] {Threei}  aiming for about 35-40 cents
[13:56] {nemo} in
[13:56] {magoo} innnnnnnnnn
[13:57] {Threei}  as in Nightmare Inn?
[13:57] {ese} L altr .31
[13:58] {Threei}  pretty much looks to me like it found its bottom, but in case I am wrong - keep your stop religiously on this one
[13:59] {nemo} now, real bid at .54 or...
[14:00] {nemo} edgx again
[14:00] {Threei}  scalpers got their 1:1 (we hate'em so much, right?)
[14:00] {nemo} yeah, loathe myself in the mirror 1/2 out .65
[14:00] {Threei}  day traders got 1:1, half out
[14:00] {nemo} stop to b/e?
[14:01] {Threei}  stop to .45, offering 1/4 more at .80 or so
[14:01] {magoo} out .64 NICE ty
[14:02] {Threei}  I hope you didn't just call me nice
[14:02] {_wyousuf} Threei first trade with you on APOL and I am out +.10 very nice trade thanks for your help
[14:02] {Threei}  glad to hear wyosuf
[14:03] {Threei}  you are brave one, aren't you... most people take more time to observe and get comfortable with our style
[14:03] {ese} nice one with apol.......good call vad
[14:03] {Threei}  ty... I have my moments
[14:03] {_wyousuf} its all the trust that matters!!!!!!!!
[14:03] {Threei}  but please, don't do what mags did and call me nice
[14:03] {ese} doing better than my altr
[14:04] {nemo} sweetie pie
[14:04] {Threei}  me and nice don't even exchange postcards on Christmas
[14:04] {ese} oooooooooookkkkkkkkk
[14:04] {nemo} talk about out of character
[14:04] {jfjf64} nice nice
[14:04] {Threei}  maybe because I don't really celebrate it though, lol
[14:04] {Threei}  come on APOL, hit second target please, just 5 more cents
[14:04] {jfjf64} grinch
[14:04] {Threei}  lol
[14:06] {nemo} rimm vad
[14:06] {Threei}  you know what... second target hit close enough, 1/4 more out
[14:06] {Threei}  .77
[14:06] {nemo} ty
[14:06] {Threei}  why would I want to fight for lousy 3 cents and miss much bigger part of profit
[14:06] {jfjf64} nicely done
[14:06] {Threei}  last target arounf .90 - .95
[14:06] {Threei}  stop is still b/e
[14:07] {Threei}  RIMM, well
[14:07] {Threei}  I don't want to chase it here
[14:07] {jfjf64} very effortless today  whats going on
[14:07] {nemo} look 5 min
[14:07] {Threei}  APOL clears 1:2
[14:07] {Threei}  and nears 1:3
[14:07] {Threei}  out last piece
[14:07] {Threei}  .90
[14:07] {Threei}  +.40
[14:08] {Threei}  can I go home?
[14:08] {nemo} 10 more like that
[14:08] {Threei}  eeck
[14:08] {nemo} what?
[14:08] {Threei}  I just can't win this game, can I
[14:08] {nemo} what, you want FAIR?
[14:08] {jfjf64} over  course of  week
[14:09] {Threei}  yes, really
[14:09] {Threei}  what was I thinking
[14:09] {nemo} quiet jf
[14:09] {jfjf64} give em break nemo
[14:09] {jfjf64} guy is still in his pj
[14:09] {ese} out altr .25 =.06
[14:10] {ese} =.06
[14:10] {Threei}  APOL was very satisfying... tough stock usually, yet this play went so effortlessly, just as I like them
[14:10] {ese} damn-.06
[14:10] {jfjf64} in groove
[14:11] {Threei}  {jfjf64} guy is still in his pj {---- oh cr*p... that must be why young girl delivering FedEx this morning screamed and ran away when I opened the door...
[14:12] {lilyd} very NICE -- I'd be doing better if I would quit going off on my own and losing $$$$
[14:12] {Threei}  lily, here is suggestion:
[14:12] {gregns} i have that same bad habit
[14:12] {Threei}  there is nothing wrong with doing your own trades, but
[14:12] {gregns} but i am going to meetings for it
[14:12] {Threei}  since the idea of being here is to learn our method,
[14:13] {nemo} get your 1 month pin yet greg?
[14:13] {Threei}  let's make sure to compare the tardes ytou come up with to our setups,
[14:13] {Threei}  make sure they match,
[14:13] {Threei}  ask if in doubt,
[14:13] {gregns} naw not yet , that's the problem
[14:13] {Threei}  except for the first 30 min or so, O do my best answerring all questions about setups you see
[14:14] {Threei}  the normal progression is:
[14:14] {Threei}  1. you take our trades and learn our approach,
[14:15] {Threei}  2. you start picking those of our trades that match your trader's profile so to speak
[14:15] {Threei}  3. you start working out your own modifications around our approach,
[14:15] {Threei}  creating your own trading style matching youer personality, objectives and risk tolerance
[14:16] {Threei}  In music it calls "rubato"
[14:16] {jfjf64} lvs gettin ready to goooooooo
[14:16] {ese} L aks .41
[14:17] {Threei}  4. You tell me I suck
[14:17] {nemo} wow ese, hadn't even broken trend line yet
[14:17] {nemo} suck
[14:17] {jfjf64} lol
[14:17] {Threei}  there... nemo has arrived
[14:17] {nemo} I got that part down ;)
[14:17] {gregns} Vad, ty for apol
[14:17] {Threei}  sure thing
[14:18] {Threei}  oh, and btw, I had no idea about that music term yesterday
[14:18] {nemo} the trading part still throws me
[14:18] {jfjf64} ya  rimm wkd  nemo
[14:19] {nemo} broke the C&H on the 5 minute
[14:19] {nemo} this market is just so somnolent
[14:21] {lilyd} ty - I need one of those little angels sitting on my shoulder and smothering the little devil on the other shoulder...
[14:21] {nemo} WRONG
[14:21] {nemo} you need the devil to smother the angel
[14:22] {jfjf64} i knew i lkd ya nemo
[14:22] {nemo} ;)
[14:22] {jfjf64} im  callin  it  day   ty 3i
[14:23] {lilyd} I don't know, the devil makes me do the bad things.
[14:23] {jfjf64} going to watch son  football camp
[14:23] {nemo} COOOOOOOOL!
[14:23] {jfjf64} crazy im  sayin  football
[14:23] {nemo} "bad" is merely a perspective
[14:24] {lilyd} so true
[14:28] {nemo} took tna break .50
[14:29] {Threei}  take care jf
[14:29] {nemo} 1/2 out
[14:29] {nemo} nother 1/4 .70
[14:30] {nemo} move you frickin' pos
[14:30] {nemo} .80 is vwap, last target just under, plus you have minor resistance around 1:30
[14:32] {lilyd} you mean TZA?
[14:32] {nemo} right
[14:32] {nemo} sorry
[14:32] {lilyd} good one
[14:32] {nemo} I keep them both up on the screen
[14:33] {nemo} well, split charts
[14:33] {nemo} easier for me to look at the negative
[14:33] {lilyd} client here - gtg
[14:34] {nemo} stop is .65
[14:34] {nemo} and sayonara
[14:34] {nemo} tna bounced off vwap, shoulda' known
[14:35] {nemo} it's your fault lily
[14:36] {nemo} o.k. green for the day
[14:36] {nemo} funny how my luck turns when Les leaves
[14:37] {Threei}  let's see what great russian writer, Bulgakov, said about nemo's concept ({nemo} "bad" is merely a perspective)
[14:37] {Threei}  little dialog from one of the greatest books of 20st century:
[14:37] {Threei}  'I have come to see you, spirit of evil and lord of the shadows,' the
[14:37] {Threei}  man replied with a hostile glare at Woland.
[14:37] {Threei}  'Well, tax-gatherer, if you've come to see me, why don't you wish me
[14:37] {Threei}  well? '
[14:37] {Threei}  'Because I have no wish to see you well,' said the man impudently.
[14:38] {Threei}  'Then I am afraid you will have to reconcile yourself to my good
[14:38] {Threei}  health,' retorted Woland, his mouth twisted into a grin. ' As soon as you
[14:38] {Threei}  appeared on this roof you made yourself ridiculous. It was your tone of
[14:38] {Threei}  voice. You spoke your words as though you denied the very existence of the
[14:38] {Threei}  shadows or of evil.
[14:38] {Threei}  Think, now : where would your good be if there were no
[14:38] {Threei}  evil and what would the world look like without shadow? Shadows are thrown
[14:38] {Threei}  by people and things. There's the shadow of my sword, for instance. But
[14:38] {Threei}  shadows are also cast by trees and living things. Do you want to strip the
[14:38] {Threei}  whole globe by removing every tree and every creature to satisfy your
[14:38] {Threei}  fantasy of a bare world? You're stupid.'
[14:38] {nemo} how many trades will I miss reading this
[14:38] {Threei}  and to finish it off with little hunor:
[14:39] {Threei}  humor too
[14:39] {Threei}  'I won't argue with you, old sophist,' replied Matthew the Levite.
[14:39] {Threei}  'You are incapable of arguing with me for the reason I have just
[14:39] {Threei}  mentioned--you are too stupid,' answered Woland
[14:39] {Threei}
[14:39] {nemo} Hah!  very Taoist answer
[14:45] {ese} out aks +.50 +.09 on 6k
[14:46] {ese} at .50
[14:46] {Threei}  nice
[14:46] {ese} just like you design them
[14:49] {Threei}  we timed the bottom just perfectly today
[14:49] {Threei}  look at the time of the comment that market is ready for recovery, and nearest long call
[14:50] {Threei}  within 5 min or so of the ultimate bottom
[14:50] {nemo} btw....43 premarket high
[14:50] {nemo} on spy
[14:53] {Threei}  36% Favor Lifting U.S. Embargo on Cuba, 35% Disagree
[14:53] {Threei}  I'll have to place myself in "I don't care" category
[14:54] {nemo} spy broke morning high
[15:00] {magoo} any read RIG vad?
[15:03] {dino} out shld .10, +.40
[15:03] {magoo} well, its going now
[15:03] {Threei}  can't tell mags
[15:05] {nemo} got a strong resistance area at .90
[15:06] {nemo} sorry .05
[15:17] {hawk} BP news?
[15:18] {Threei}  no
[15:18] {hawk} thx
[15:18] {Threei}  not yet anyway
[15:20] {magoo} RIG crushed
[15:21] {Threei}  BP Ticking lower after article mentions oil well may be leaking at the top and seeping 2 miles away (20.08, -0.16, -0.79%)
[15:21] {Threei}  what the deuce
[15:21] {nemo}'s gonna end.
[15:21] {Threei}  this has been out over whole weekend
[15:22] {nemo} Gulf of Mexico is gonna' let the biggest fart in history
[15:22] {nemo} all over
[15:22] {hawk} slow readers
[15:22] {Threei}  Article does not mention time frame, and appears to be rehashing most of which was reported earlier
[15:22] {Threei}  eqzaktly
[15:22] {nemo} not like we were trading the whole
[15:22] {Threei}  reported earlier by Coast Guard Allen and again by White House Spokesperson Gibbs
[15:23] {Threei}  also,
[15:23] {Threei}  if this is end of the world,
[15:23] {Threei}  why do we sell BP?
[15:24] {ese} welll....i'm bout done for today......cya tomorrow
[15:24] {Threei}  reminds me an owner of barbershop who came out to react on screams,
[15:24] {Threei}  found very irrate customer
[15:25] {Threei}  and asked him wha he was so unhappy about.
[15:25] {Threei}  Customer saiud "EVERYTHING!"
[15:25] {lasertrev} hawk dcc
[15:25] {Threei}  Guy said, well, I underatand you and share your frustration, but why have you decided to take it out on MY barbershop?
[15:32] {nemo} alright...I'm off for the day  P&Q
[15:32] {Threei}  suure
[15:32] {Threei}  run away
[15:32] {Threei}  leave me alone
[15:32] {nemo} Off to the gun shop
[15:33] {Threei}  Note: on 7/18 Coast Guard's Allen said: A seep has been detected some distance from the Macondo well; undetermined anomalies seen around well head
[15:34] {Threei}  NYSE volume 690M shares, about 33% below its three-month average; advancers lead decliners by 1.6:1.
[15:34] {Threei}  - NASDAQ volume 1.41B shares, about 28% below its three-month average; advancers lead decliners by 1.2:1.
[15:41] {Threei}  BP spike
[15:42] {Threei}  BP Spokesman: Scientists have decided that seepage located 2 miles from Macondo well is "naturally occurring" (19.99, -0.25, -1.24%)
[15:42] {hawk} wow
[15:45] {Threei}  .40 break half lot, last trade for today
[15:45] {Threei}  late alert
[15:45] {Threei}  sorry, no chasing
[15:48] {Threei}  in, stop under .30
[15:49] {Threei}  half out .55
[15:49] {Threei}  1/4 more out .70
[15:50] {Threei}  that was very nice of BP to come back fopr second chance enbtry
[15:50] {Threei}  and work that fast
[15:50] {hawk} that was impressive
[15:58] {Threei}  I really want .90 for the last piece, lol
[15:58] {Threei}  2 mi left
[15:59] {Threei}  whatever... out
[15:59] {Threei}  thank you all, have a good evening
[15:59] {Threei}  see you tomorow
[15:59] {hawk} cu
[16:00] {Threei}  oh, one thing I forgot to do
06[16:00] * Threei slaps magoo around a bit with a large roll of cash
[16:00] {Threei}  now I am off
[16:00] {magoo} no IBM