Session Time: Fri Aug 20 00:00:00 2010
[09:07] {strider} .
[09:08] {Threei} is that a provocation?
[09:08] {Threei} OK, I'll bite
[09:08] {Threei} ..
[09:08] {strider} sorry, meant ;
[09:09] {Threei} oh
[09:09] {Threei} sorry, misunderstood you
[09:10] {dino} gm all
[09:10] {strider} !
[09:10] {Threei} dino :)
[09:15] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:16] {nemo} folks!
[09:17] {Threei} nemo :)
[09:18] {nemo} ;)
[09:25] {ese} morning
[09:26] {Threei} ese :)
[09:26] {jfjf64} mornin
[09:26] {ese} vad jf
[09:26] {jfjf64} ese
[09:27] {strider} morning folken
[09:28] {Threei} jf :)
[09:28] {magoo} morn
[09:28] {jfjf64} strider
[09:28] {Threei} mags :)
[09:29] {magoo} a sea of red
[09:30] {ese} mrvl? news?
[09:30] {Threei} August 19, 2010 16:59:13
[09:30] {Threei} Marvell Technology Group Ltd Guides Q3 $0.41-0.44 v $0.40e, Rev +4-8% q/q (implies $932-968M v $865Me) - conf call
[09:30] {Threei} - Guides Q3 gross margin 59-60% v 59.3% q/q
[09:31] {Threei} will be a bounce candidate very soon
[09:31] {ese} tks
[09:33] {Threei} Long Setup: LVS .40 break
[09:33] {Threei} if stays above .35 for scalpers, .30 day traders
[09:33] {ese} Lintu.68
[09:34] {ese} out intu .94
[09:34] {Threei} nice
[09:34] {ese} sorry sorry quick call...ws moving too fast
[09:34] {Threei} Long Setup: MRVL .40 break
[09:34] {Threei} if stays abopve .30
[09:34] {Threei} LVS 1:1 for scalpers
[09:35] {Threei} 1:1 for day traders
[09:35] {magoo} out .51 ty
[09:35] {dino} ndx green
[09:36] {Threei} MRVL thinks too long
[09:36] {jfjf64} y
[09:36] {Threei} let's halve it
[09:37] {jfjf64} cd be nice bounce
[09:37] {Threei} to diminish risk
[09:37] {Threei} I like chart still, just prefer bounces to develop faster after so deep pullback
[09:38] {Threei} stopped second half
[09:38] {Threei} S&P comments on global corporate defaults: Increases by 2 in current week to total 50 for 2010
[09:38] {Threei} - By region the current year-to-date default tallies are 37 in the US, 2 in Europe, 5 in the Emerging Markets and 6 in the other developed region (Australia, Canada, Japan and New Zealand).
[09:40] {jfjf64} .40 recross
[09:40] {dino} itri sm l .03
[09:42] {Threei} Short Setup: WFC .35 break
[09:42] {Threei} if stays under .40 and .45, for scalpers and day traders
[09:43] {Threei} looks capable of more than scalp
[09:43] {Threei} depends on market of course but the thing makes 52 week lows
[09:46] {jfjf64} litle battle
[09:47] {nemo} yeah, building strong support at .30
[09:48] {jfjf64} lets break the wall down
[09:48] {Threei} yes Mr Reagan
[09:49] {dino} itri stopped
[09:49] {jfjf64} he was the best
[09:49] {dino} he was
[09:49] {Threei} scalpers 1:1
[09:49] {Threei} no argument from me
[09:54] {Threei} Short Setup: LVS .20 break
[09:54] {Threei} if stays under .25
[09:55] {Threei} invalidated
[09:55] {ese} L akam sm .09
[09:55] {dino} whr sm l .85
[09:56] {nemo} ese, arget .35 area
[09:57] {nemo} target
[09:57] {nemo} ?
[09:57] {dino} itri rinsed
[09:57] {Threei} Long Setup: HPQ 40 break
[09:57] {Threei} if stays above .90 of course
[09:58] {ese} ya ...i think so
[09:58] {nemo} probably get resistance there
[09:58] {ese} out akam .45
[09:59] {Threei} not a scalp for me, HPQ
[09:59] {ese} +.36
[09:59] {Threei} 1:1, half out, stop to under b/e
[10:00] {dino} kirk sm l .50
[10:01] {ese} tks for the heads up there nemo
[10:01] {nemo} my pleasure
[10:01] {dino} chk l .53
[10:01] {nemo} akam's making a liar out of me though
[10:02] {komalg} can I take .40?I missed it
[10:02] {nemo} missed what?
[10:02] {komalg} HPQ
[10:02] {jfjf64} sit tight
[10:03] {jfjf64} imo
[10:03] {Threei} yes, but stop is now right under it
[10:03] {nemo} is the trend line though jf
[10:03] {Threei} not .90 anymore
[10:03] {ese} i never complain about making a profit
[10:03] {Threei} so get out right away if .40 is broken
[10:03] {Threei} 40
[10:04] {jfjf64} sorry boys
[10:04] {nemo} why?
[10:04] {Threei} HGSI Hearing Dealreporter suggesting could be a takeover target (26.92, +0.33, 1.24%)
[10:04] {jfjf64} no play time 4 me
[10:05] {jfjf64} lets go hpq
[10:05] {jfjf64} lot thinkin today
[10:06] {Threei} second half stopped b.e, HPQ
[10:07] {jfjf64} nice find 3i
[10:07] {jfjf64} ty
[10:07] {Threei} sure... I wish it gave more, had nice potential
[10:07] {dino} kirk stopped -.31
[10:07] {Threei} chart looked like .25-.30 at least
[10:07] {jfjf64} 3/3 1 invalid
[10:07] {jfjf64} nice start
[10:08] {Threei} start? the way things go lately, it could be finish, lol
[10:08] {nemo} magoo won't be happy
[10:08] {jfjf64} thought same thing after i wrote
[10:08] {Threei} I mean if yesterday felt like Friday to me, what's Friday likely to look like, Sunday? :)
[10:08] {jfjf64} lol
[10:09] {nemo} cat bounce coming?
[10:09] {nemo} recross .50?
[10:10] {Threei} worth a try
[10:10] {dino} see that too nemo
[10:10] {strider} hpq jumped stop.
[10:10] {strider} I'm done
[10:11] {nemo} old db perhaps, but I think market will drive it
[10:11] {Threei} look at HPQ as illustration whyu we trail stops after 1:1/half out routine
[10:11] {jfjf64} ??
[10:11] {Threei} strider... say what?
[10:11] {strider} had stop at .85
[10:11] {strider} jumped through it before I could execute
[10:11] {Threei} I am lost
[10:12] {nemo} he pulled a nemo
[10:12] {strider} stop was supposed to be below .90
[10:12] {strider} had .85 set
[10:12] {strider} blew threw it. got out at .82
[10:12] {jfjf64} grrr
[10:12] {Threei} I operate on assumption room members do not keep me on ignore
[10:13] {jfjf64} dont assume
[10:13] {jfjf64} lol
[10:14] {jfjf64} ass u me
[10:14] {komalg} Vad,what kind of set up for LVS?
[10:15] {Threei} I don't see any
[10:15] {jfjf64} is it time 4 vodka
[10:15] {komalg} not now .... at the time of alert
[10:15] {Threei} oh
[10:16] {Threei} bounce into resistance defined by descending channel
[10:16] {jfjf64} lol ko
[10:16] {jfjf64} nice i see
[10:16] {dino} itri sm l .00
[10:18] {jfjf64} looks better 5 min chart lvs
[10:18] {jfjf64} ??
[10:20] {ese} call me crazy.....and i know the mrkts dn.......but.......it feels selling tired to me
[10:20] {jfjf64} you crazy
[10:20] {jfjf64} lol
[10:20] {nemo} frickin' musiciians
[10:20] {jfjf64} yup
[10:21] {jfjf64} cat
[10:21] {nemo} not sure which way jf?
[10:21] {ese} "Feelings.......nothing more than Feelings"
[10:21] {jfjf64} .20 break s
[10:21] {jfjf64} ??
[10:21] {nemo} yeah that's the obvious play
[10:21] {Threei} that setup looks right chart wise, jf, problem is:
[10:21] {Threei} there is no nicely defined stop up to .40
[10:22] {jfjf64} lets go long then
[10:22] {Threei} no trigger for long
[10:22] {nemo} you could use the midline average of the BB
[10:22] {Threei} yeah
[10:22] {Threei} not my favorite but possible
[10:22] {jfjf64} .36
[10:23] {Threei} stop above .30 then
[10:23] {nemo} not as dumb as I look, there's also the trend line
[10:23] {nemo} I know...
[10:23] {Threei} yes, formally,
[10:23] {nemo} NOBODY could be that dumb
[10:23] {ese} dino you into anything......chk
[10:23] {Threei} what I want to see to be more confident in play is resistance tested and confirned
[10:24] {Threei} if it weren't, it's largely theoretical resistance
[10:24] {Threei} just lesser odds of things shaping up according to a pattern,
[10:24] {Threei} more chance for randomness
[10:24] {Threei} makes sense?
[10:24] {dino} cat sm l .25
[10:24] {jfjf64} in this case res wasnt tested and conf
[10:24] {nemo} of course
[10:25] {jfjf64} and look
[10:25] {Threei} that's my contention, jf
[10:25] {Threei} idea is simple:
[10:25] {jfjf64} hmmm
[10:25] {jfjf64} what ya fall asleep
[10:26] {Threei} some level is tested and held - it creates a bunch of players incorporating this fact in their orders flow
[10:26] {jfjf64} idea
[10:26] {Threei} there will be more of them than in case of purely chartist-drawn lines
[10:26] {Threei} thus pattern will be stronger
[10:27] {jfjf64} which then vol increases price moves
[10:28] {ese} Laig .62
[10:28] {ese} unna lotta
[10:29] {nemo} inna ghotta
[10:29] {ese} yessa indeeda
[10:29] {dino} kirk l .00
[10:30] {komalg} dave,are you there?
[10:30] {nemo} Dave's not here, man
[10:30] {ese} aye aye captain
[10:31] {nemo} ohh, sorry komalg, that's another cultural, or counter-cultural reference as the case may be
[10:35] {ese} L kirk .98
[10:35] {ese} gonna join ya dino
[10:38] {ese} out aig .93
[10:38] {ese} +.31
[10:38] {ese} one georgous...beautiful....breath taking little lot........wonderful
[10:39] {nemo} in kirk .00
[10:39] {dino} out kirk .15, +.15
[10:39] {Threei} Short Setup: LVS .15 break
[10:39] {jfjf64} +15 cents ty dino
[10:40] {ese} out kirk .23 +.25
[10:40] {dino} wtg es
[10:40] {dino} jf too
[10:40] {nemo} magic carpet ride
[10:40] {ese} you as well
[10:41] {ese} that babys goin higher though
[10:41] {nemo} vwap above .50
[10:41] {dino} yeah
[10:41] {jfjf64} you still in ese
[10:42] {jfjf64} im sorry didnt se post
[10:42] {gregns} ty on the kirk +.23
[10:42] {ese} no
[10:42] {ese} kirk? out .23
[10:43] {Threei} nice finds guys
[10:43] {ese} aig out .93
[10:43] {ese} praise from the chief........
[10:43] {gregns} .99 to .20 1/2 and .25 1/2 kirk
[10:44] {Threei} LVS invalidated
[10:45] {nemo} what's your kirk target dino
[10:45] {ese} he's out
[10:45] {ese} .15
[10:45] {jfjf64} whos on 1st
[10:45] {ese} nahhh whats on second
[10:46] {dino} out
[10:46] {nemo} oh
[10:46] {jfjf64} what ya cleanin ya gun nemo
[10:46] {nemo} missed it...I'm sitting here pulling a dino and everybody else is having tea
[10:47] {dino} pulling a dino?
[10:47] {jfjf64} in that case
[10:47] {gregns} quit your kakking and pay attention, nemo
[10:47] {nemo} yeah, riding the waves dude
[10:47] {gregns} yakking
[10:48] {ese} and from what i've heard you can do that......riding the waves.......vodka waves
[10:48] {dino} hl l syut .50, gap filled
[10:49] {ese} word gets around fast here in north america
[10:49] {nemo} I have my moments
[10:49] {ese} indeed
[10:49] {jfjf64} 3i lvs
[10:50] {gregns} i want to make sure that i am still residing on your list!!! no comment nemo?
[10:50] {nemo} not worthy
[10:50] {gregns} lol ok
[10:51] {Threei} it went into "got away" category, jf...
[10:52] {ese} we both misjudged intu nemo....looka datta tingga
[10:52] {nemo} ach! du lieber Gott!
[10:52] {Threei} what's with gantsta talk, lol
[10:52] {Threei} gangsta
[10:52] {ese} auch du miya!!!!!!1
[10:53] {nemo} never heard German called "Gangsta"
[10:53] {Threei} not what I refer to
[10:53] {ese} vad baby!!!! thats rap
[10:53] {nemo} ahhh...which comes from where ese?
[10:53] {ese} can you do that to a beat vad....some gangsta rap!!!
[10:53] {Threei} me?
[10:54] {Threei} no
[10:54] {Threei} you don't want to hear me singing or see me dancing
[10:54] {Threei} people have been known to break down the windows trying to get away from the zone of horror when I sang
[10:55] {ese} "zone of horror"......do tell
[10:56] {komalg} Vad,WFC trade we took,why to pick .35 break as since opening there was only 1candle which has low .34
[10:56] {komalg} potential for that trade to go long was more as it has consolidation near high
[10:56] {ese} visions of Brun Hilda with the viking horns just passed through my thoughts.........wha da think nemo
[10:57] {ese} picture vad with the viking horns on with that big russian smile......hmmmmmmmm?
[10:57] {Threei} no it hasn't
[10:57] {Threei} high was .50
[10:58] {Threei} .48 to be exact, with .50 tested and help prematket
[10:58] {komalg} but what is reason to go shrt
[10:59] {Threei} big pictire trebd
[10:59] {Threei} 52 weeks lows,
[10:59] {dino} kirk l .00
[10:59] {Threei} while market is nowhere that far down
[10:59] {komalg} I see.
[10:59] {Threei} .35 tested couple times,
[10:59] {Threei} established as support to break
[11:00] {Threei} market weakness at the time
[11:00] {dino} hibb
[11:00] {komalg} I see.
[11:00] {komalg} Thank you.
[11:00] {Threei} notice how weak it remained for a long time afer that:
[11:00] {komalg} ya
[11:00] {komalg} then .40 became resistance
[11:01] {Threei} markjet reversed trend at 9:50
[11:01] {Threei} went to highs,
[11:01] {Threei} and WFC returned to .50 only at 10:23
[11:01] {dino} l .10 hibb
[11:02] {dino} veo, cree hold well last two days
[11:03] {dino} esi blood
[11:08] {dino} hibb stopped -.25
[11:09] {Threei} Long Setup: AIF .65 break
[11:09] {Threei} AIG sorry
[11:09] {Threei} to late alert?
[11:10] {Threei} let's see if gives seciond chance
[11:10] {Threei} as long as golding above .60
[11:15] {Threei} invalidated
[11:23] {jfjf64} bounce here 3i
[11:23] {jfjf64} aig
[11:24] {jfjf64} hmm dint want to gv up .40
[11:25] {jfjf64} brcm
[11:31] {dino} hibb l .85
[11:39] {jfjf64} lvs gettin hit little
[11:49] {dino} out hibb .10, +.25
[11:56] {Threei} (US) US Treasury issues August update on mortgage modification program
[11:56] {Threei} - July foreclosures rose slightly, 37K mortgages under HAMP were modified in July
[11:56] {Threei} - Calls housing market fragile More than 3.15 million modifi cation arrangements were done from April 2009 through the end of June 2010. This includes more than 1.3 million
[11:56] {Threei} trial Home Affordable Modifi cation Program (HAMP) modifi cations started, over 472,000 FHA loss mitigation and early delinquency interventions, and 1.4 million proprietary modifi cations under HOPE Now. The number of agreements offered continues to more than double foreclosure completions for the same period (1.24 million).
[12:02] {ese} gotta go for an hour or so to pick up my daughter....catch you in a bit
[12:02] {Threei} we'll be here
[12:02] {Threei} not necessary conscious but...
[12:18] {komalg} vad,whey you say stop under .40 means what should be realistic value?.. .38 or .35 or .40?
[12:19] {Threei} breakdown of .40 should trugger your stop
[12:19] {Threei} trigger
[12:19] {komalg} ok.
[13:17] {strider} .
[13:18] {strider} I mean ;
[13:18] {Threei} good call
[13:18] {strider} Yes...call of the wild
[13:19] {strider} I think we should write a letter to O, asking him to fix these sucko market trading conditions. Perhaps a bailout is needed.
[13:21] {strider} ....or not.
[13:21] {Threei} ah come one... you guys got spoiled by the last August which was exception
[13:21] {Threei} otherwise, all Augusts are like this
[13:22] {strider} I wasn't here then.
[13:22] {strider} But, if that's true--why are we here at all?
[13:22] {strider} Vad, go home.
[13:23] {Threei} if you insist
[13:23] {dino} can't crash 'em, so gut says up we go
[13:26] {patience} i'm with you dino
[13:39] {dino} feels like a lot of pain and scared people, so being the copntrarian i am.....
[13:40] {dino} magoo you here?
[14:01] {komalg} vad,I am reading one of your writing "surgeon,dentist and trader"...your saying that trader need to focus on market movement not on money
[14:01] {komalg} Thank you for giving this insight
[14:02] {Threei} kind of obvious when you think of it... but not that obvious for beginners
[14:02] {komalg} and your example of surgeons are so acurate that no one can miss it
[14:03] {dino} gdot
[14:06] {hawk} i've been waiting on gdot
[14:07] {dino} ipo
[14:15] {dino} whr, cat waking up
[14:15] {Threei} Long Setup: RIMM .30
[14:15] {Threei} if stays above .20
[14:15] {dino} all green scanner
[14:20] {Threei} not a scalp for me
[14:21] {strider} does that mean you don't take 1:1 at all?
[14:21] {Threei} normal partial routine
[14:21] {dino} ndx green
[14:21] {strider} gotcha
[14:25] {Threei} Reid Now Nearly Tied With Pelosi In Terms of Unfavorability
[14:25] {Threei} lol
[14:27] {strider} the old afternoon water torture
[14:29] {dino} deja vue
[14:29] {strider} right, yogi.
[14:29] {dino} all over afain
[14:30] {dino} again
[14:30] {Threei} momentum vanes
[14:30] {strider} vank you
[14:30] {Threei} for a moment it looked like market was ready to explode
[14:30] {dino} felt like it
[14:33] {strider} what went wrong?
[14:33] {strider} it worked.
[14:33] {i2r} guys, what port do you use for laser? for executor?
[14:33] {i2r} I think mine is reset, not sure if dave is around
[14:36] {strider} thanks for that one, vad. out in full at .51
[14:37] {i2r} don't answer all at once :0
[14:37] {i2r} :)
[14:41] {dino} cyber i2r, can't help you
[14:41] {Threei} welcome
[14:42] {Threei} i2r, trying to remember whgere it was
[14:42] {Threei} here it is
[14:42] {Threei} 15905
[14:43] {Threei} 69.64.202.157
[14:43] {Threei} anuone is still in RIMM?
[14:44] {i2r} cyber dino? not using laser?
[14:44] {i2r} thx vad
[14:44] {gregns} yes
[14:44] {dino} y
[14:44] {Threei} greg, should have partialed 1/2 and 1/4 by now, and trail stop for the last portion to under .40
[14:44] {Threei} standard routine
[14:44] {dino} giddy-up
[14:45] {gregns} yes, believe it or not
[14:45] {Threei} :)
[14:45] {Threei} I believe
[14:45] {Threei} these things settle in
[14:45] {Threei} and become easier to execute
[14:45] {Threei} and in while become second nature
[14:45] {Threei} 1:3 is coming
[14:46] {Threei} and herein lies answer to 13:22] {strider} But, if that's true--why are we here at all?
[14:46] {Threei} because things change
[14:46] {Threei} 1:3
[14:46] {Threei} choice:
[14:46] {Threei} take full profit
[14:46] {Threei} or trail stop once again
[14:46] {gregns} out in full @.60
[14:46] {gregns} ty
[14:46] {Threei} 1:3 often proceeds to 1:4 rather quickly
[14:47] {Threei} so it's possible variation in routine,
[14:47] {Threei} not to take 1:3 but trail stop instead
[14:47] {Threei} and take this chance in order to try and maximize profit
[14:48] {Threei} quite a treat to get this trade in this situation that looked absoluitely comatose
[14:48] {Threei} oh wait... that was me accidentally looking in the mirror
[14:50] {strider} I thought you couldn't have mirrors in your house, vad.
[14:51] {Threei} why... I just can't see myself in them
[14:51] {strider} oh, that was it.
[14:51] {strider} confused, as usual.
[14:55] {dino} got lucky, took hours but out cat .85, +.60 out whr .39, +.54
[15:03] {Threei} nice
[15:03] {gregns} great job dino , wow, your patience!!
[15:03] {dino} thx
[15:04] {dino} now if itri would move and veco another dime
[15:12] {strider} X droopy
[15:44] {strider} futs in nice c&h
[15:49] {dino} out veco ..60, +.10
[15:49] {dino} out itri .99 -.01
[15:50] {dino} calling it a week all, thx
[15:54] {Threei} take care dino
[15:54] {Threei} thank you all
[15:55] {Threei} now I get it right: today IS Friday, so see you all on Monday
[15:55] {Threei} have a nice weekend guys and gals
[15:59] {larisa} bye all :)
