Friday, September 17, 2010

Sep 17 2010

Boring, locked in tight range day.

Session Time: Fri Sep 17 00:00:00 2010
[08:26] {nemo} interesting...spy only up .05 but iwm up .54
[08:30] {Threei}  *(US) AUGUST CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD&ENERGY: 0.0% V 0.1%E; CPI NSA: 218.312 V 218.324E
[08:39] {Threei}  RIMM Avian Securities Cuts RIMM to Neutral from Positive, price target: $33
[08:46] {lilyd} good morning - hey can I ask a very important question?
[08:47] {lilyd} what is that horn(?) next to Raven's name for?
[08:47] {Threei}  hi lily, go ahead
[08:48] {Threei}  I see a plus
[08:48] {Threei}  could look different in mibbit
[08:49] {Threei}  think of it as a medal of honor
[08:50] {nemo} may I make a wise-ass comment?
[08:50] {Threei}  if it concerns raven you may want to reconsider, lest he circles you
[08:51] {nemo} I was just asking if I could make one
[08:51] {strider} Are  you able to refrain from making one?
[08:51] {Raven} {}
[08:51] {nemo} Yeah, I suppose that's a more pertinent question
[08:53] {nemo} wow...long tlt up big this morning too
[08:55] {dino} gm all
[08:55] {kowboy} gm everyone
[08:55] {RonS} gm to all
[08:56] {Threei}  dino, kowboy, ron :)
[08:58] {kowboy} interesting, rimm way down from ah highs on earnings
[09:03] {ese} morning
[09:03] {RonS} alks...6.4 mil sh short
[09:04] {RonS} rig to open out of its range
[09:05] {Threei}  ese :)
[09:06] {ese} ain't gonna happen buddy.....ya just ain't gonna get any respect on this's brutal
[09:06] {RonS} nemo to apply for a group discount from alks for the room
[09:07] {ese} what was your question going to be?
[09:07] {Threei}  this is so not true... we are a goup of gentle soul and soft heart
[09:07] {nemo} where did I imply I was looking for respect from the board?
[09:08] {ese} ya didn't
[09:08] {Threei}  and hey... respect is never given... it's always taken
[09:09] {ese} was just lookin at your previous post about wanting to ask a question and ya got shot down
[09:09] {nemo} I figured a little incongruous behavior on my part is a....little incongruous behavior on my part
[09:10] {Threei}  we just like to shot people down, but we do that with gentle soul and soft heart
[09:10] {ese} lol
[09:10] {nemo} killing me softly..heheheheh
[09:10] {Threei}  and it's only when we meet people with gentle soul and soft heart, we beat them up sinseless... because we hate competition
[09:11] {nemo} ese:  trivia question...about whom did Roberta Flack write that song?
[09:11] {Threei}  no one, I repeat, no one is allowed to hjave gentlier soul and softer heart than us
[09:11] {ese} james Taylor.......or was that Carol King writing about him
[09:11] {nemo} Don McLean
[09:12] {ese} ohhhhhh ya.......
[09:12] {ese} I was thinkng Carol King's lyrics..."your so vain"....she was talking about James Taylor
[09:13] {strider} Carly Simon
[09:13] {strider} you're so vain
[09:13] {strider} wrote 'you're so vain'
[09:13] {ese} I wrong there too?
[09:14] {nemo} that was about David Geffen
[09:14] {ese} nahh James Taylor
[09:15] {nemo} nope...she revealed it a couple of years ago
[09:15] {ese} somebody google that
[09:15] {ese} ohhh....well then count me wrong on that one
[09:16] {RonS} i concur nemo but still think it was Warren Beatty
[09:17] {ese} hmmmmm
[09:18] {RonS} may be of note:
[09:21] {ese} that is interesting apple having that much of an effect?   I have macbookpro's here....3 of them
[09:28] {ese} michigan numbers?   they out this morning
[09:28] {strider} ORCL
[09:28] {Threei}  09:55 US Sept Prelim University of Michigan Confidence
[09:28] {ese} mags....rimm should be going nuts today
[09:28] {strider} CRXL
[09:28] {magoo} yea..watching it
[09:29] {ese} i am too...but it scares me that one
[09:29] {magoo} anyone have trouble logging in early?
[09:29] {nemo} yep
[09:29] {magoo} i did at 8 am
[09:29] {strider} yep
[09:29] {magoo} i always think its just me lol
[09:29] {nemo} rimm recovering nicely
[09:31] {jfjf64} mornin
[09:31] {Threei}  ALKS
[09:31] {magoo} jf
[09:31] {Threei}  15 break
[09:31] {Threei}  risky as hell
[09:31] {Threei}  momo candidate
[09:31] {Threei}  jf :)
[09:32] {ese} where in the heck would you get in on rimm
[09:33] {magoo} id like it to pllbk
[09:33] {magoo} rimm
[09:34] {magoo} near 48
[09:35] {ese} looks like your gonna get your wish
[09:36] {Threei}  here it is
[09:37] {Threei}  goes lower I think
[09:37] {Threei} Long Setup:  ALKS  15 break hakf lot
[09:38] {Threei}  stop under .90
[09:38] {nemo} oops
[09:38] {magoo} let rimm go .70 area
[09:38] {ese} missed
[09:39] {ese} got it cued up for a 1/2 mags.....but scares the crap outta me
[09:39] {magoo} yea..could easily red bar down
[09:40] {ese} just like that
[09:40] {magoo} ironically, and what i am working we should have shorted the pllbk
[09:40] {magoo} whole point
[09:40] {magoo} easy
[09:41] {magoo} i mean heck, i called .70 area
[09:41] {Threei}  .50 - .60 zone is much better support for RIMM but will lose that too most likely
[09:41] {ese} yup
[09:42] {nemo} at pivot r2
[09:42] {dino} wow iwm not avail cyber
[09:43] {magoo} nice rimm job vad
[09:43] {dino} vxx l .24
[09:43] {magoo} oops
[09:43] {ese} lol
[09:43] {nemo} mmmhhh got a suport line here rimm
[09:43] {ese} buddy you are in big trouble
[09:43] {nemo} .98 r1 support
[09:44] {nemo} this looks like bottom
[09:44] {dino} gap fill coming from open
[09:45] {nemo} yep
[09:45] {magoo} careful, lower
[09:46] {nemo} nope
[09:47] {ese} i agree with mags ...1st bounce
[09:47] {ese} spy spx heading lower
[09:47] {dino} vxx to b/e
[09:49] {nemo} it basically bounced at r1 support, let's hope for the old DB
[09:49] {ese} ya
[09:50] {magoo} looking down here w/futes
[09:50] {magoo} rimm that is
[09:51] {ese} it's following the indexes
[09:51] {ese} does that volume spike count as DB nemo
[09:51] {nemo} sure
[09:52] {RonS} sm l alks 14.60
[09:52] {Threei}  RIMM looks bounce-ready
[09:55] {RonS} out alks .91  +.31
[09:55] {strider} ORCL 27 break with market turnaround?
[09:55] {Threei}  wtg ron
[09:55] {ese} nice ron
[09:55] {RonS} lucky
[09:56] {ese} so much for rimm and orcl having positive effect on mrkt
[09:56] {Threei}  hmmm
[09:56] {Threei}  chart is right but I've never seen ORCL flying after initial run
[09:56] {ese} reverse head and shoulders rimm 1min chrt ?
[09:57] {strider} k
[09:57] {dino} gaps filled
[09:57] {Threei}  I think so, RIMM
[09:57] {RonS} orcl has 5 billion shares oustanding...hard to move it
[09:57] {gregns} server # pls on quotes?
[09:57] {Threei}  yes ron... it's like a runner with couple dumbells tied to ankles
[09:57] {Threei}  17 here
[09:58] {gregns} ty
[09:59] {Threei} Long Setup:  RIMM  .20 break half lot
[09:59] {dino} chsi filled aug gap
[09:59] {Threei}  (IR) IMF spokesperson: Does not see that financing assistance will be needed for Ireland (related EUR/USD EUR/GBP EUR/JPY BUNDS GILTS )
[10:00] {Threei}  (IR) IMF spokesperson: elaborates that help or no help, it sinks
[10:00] {ese} in rimm .28
[10:00] {Threei}  wow
[10:00] {Threei}  a lot of chasing
[10:00] {ese} was looking at your post
[10:01] {ese} almost forgot to pull the trigger
[10:01] {Threei}  it was buyable at .21 - .23
[10:01] {ese} yup
[10:01] {ese} i was too slow
[10:02] {Threei}  don't hit market order... set a limit at your max chasing
[10:02] {ese} going against the mrkt now...good sign
[10:02] {Threei}  if no fill, wait to see if it gives a second chance
[10:02] {ese} yup....i goofed
[10:03] {ese} this still may work.......
[10:03] {ese} will cut loss if i'm dn
[10:03] {Threei}  yes but such entry ruins risk reward
[10:03] {ese} yes agreed
[10:03] {Threei}  too skewed toward risk
[10:03] {Threei}  too depricved of reward
[10:03] {Threei}  and I like life to be structured just the opposite
[10:03] {Threei}  1:1
[10:04] {Threei}  should be good for more
[10:04] {Threei}  I didn't intend it as a scalp
[10:04] {Threei}  half out .50
[10:04] {Threei}  stop to .15
[10:04] {Threei}  Reportedly SEC considering steps to address "window dressing" by Banks (related XLF BAC C WFC JPM GS MS )
[10:05] {ese} l another 1/2 avg .30
[10:06] {dino} sm l chsi .35
[10:06] {ese} out .61
[10:07] {ese} +.31 on 1k of the blighters
[10:07] {gregns} great job! ese
[10:07] {Threei}  hit 1:2... not sure if it has more
[10:07] {Threei}  but I'll try
[10:07] {Threei}  b/e stop
[10:07] {Threei}  no risk
[10:08] {ese} bull chit luck on this one......vad is correct.....bit of a bad trade that worked out
[10:08] {Threei}  I'd say good trade poorly executed
[10:09] {dino} db sm l .50
[10:09] {ese} i had my finger on the trigger in case it went sour....but still nerve racking
[10:10] {jfjf64} any read  kgc 3i
[10:10] {ese} mags what are you up to here?
[10:10] {dino} chsi stopped
[10:11] {magoo} flat
[10:11] {magoo} except rimm,...thinking .83
[10:11] {Threei}  not really jf, no life in that
[10:12] {ese} L at .83
[10:15] {magoo} exit .83 for me rimm
06[10:15] * Threei moves his exit to .8299
[10:16] {RonS} lol
[10:16] {ese} rotflol
[10:16] {magoo} ah, but magoo knew that from past experience with 3i
[10:16] {ese} that would take care of the rimm job crack
[10:16] {magoo} so true exiot .8199
[10:17] {strider} LVS
[10:21] {dino} veco sm l .60
[10:21] {dino} stop ;od
[10:22] {magoo} what im thinkin here, ill take rimm dough at .83, but if IF takes 48 may reenter lomg
[10:24] {dino} cgsi pikes
[10:24] {dino} chsi
[10:24] {nemo} yeah
[10:24] {dino} dtg drop
[10:24] {dino} nah
[10:25] {nemo} I'm gonna' kill him
[10:26] {gregns} rig c&h ?
[10:27] {Threei}  not sure
[10:27] {Threei}  volume isn;'t exactly right
[10:30] {ese} got cut off
[10:31] {ese} am L fitb .31 large
[10:33] {magoo} out rim .54
[10:33] {magoo} not riding down
[10:33] {Threei}  - NYSE volume 570M shares, about 155% above its three-month average; decliners lead advancers by 1.1:1.
[10:33] {Threei}  - NASDAQ volume 715M shares, about 55% above its three-month average; decliners lead advancers by 1.1:1.
[10:34] {Threei}  hah
[10:34] {Threei}  what's with huge volume
[10:34] {strider} ese bought FITB large
[10:34] {Threei}  oh
[10:40] {dino} triple wich i think
[10:41] {nemo} quadruple actually
[10:41] {ese} today is.......nahhhhh
[10:41] {nemo} index resets
[10:45] {strider} wtg, ese..fitb
[10:45] {RonS} rdwr
[10:46] {ese} sneaking 1/2 out of fitb avg .40 +.09 5k
[10:47] {ese} balance to .33
[10:47] {ese} tks st
[10:47] {ese} that felt like days of old
[10:52] {dino} gj es
[10:53] {gregns} gj ese, fitb , I see low risk of .05/ (lod .25) and break of resistance at .30 for you to take it @.31 is there more for your rationale?
[10:54] {strider} dullsville
[10:54] {dino} clf aug gap pretty much filled
[10:57] {ese} tks
[10:58] {nemo} break of .80 on clf interesting?
[10:59] {Threei}  I think so
[11:00] {ese} yup......this was a stock that i traded almost exclusively along with drys 2 years ago and made a **&^&^% load of money on and have a real good idea of how it's going to react...although it doesn't react quite the same there are times when it feels like text book to me like today
[11:01] {ese} and i don't have a problem buying 10k like that in this mrkt environment
[11:02] {dino} in at .75 clf l sm
[11:02] {gregns} ty ese i remember when you traded drys last year and did well
[11:04] {ese} it was vads scalping video that got me on to this......had never considered trading more than a 1/2 lot to full lot...but when he demonstated buying 3/4k in certain situations the light went on
[11:05] {ese} i do that in scalping situations but also apply it to some swing trading setups that work for me
[11:05] {nemo} n clf .81
[11:05] {dino} veco to .96
[11:06] {gregns} in @.80 clf sm
[11:07] {Threei}  1:1
[11:07] {nemo} 1/2 out 92
[11:07] {nemo} .92
[11:07] {dino} veco to .14
[11:07] {ese} am also trying to get the hang of dinos stuff...buying DB's or Capit's....and using bigger lots but it 's hard to find stocks that work that way and capable of handling those kind of shares
[11:07] {dino} to .20
[11:08] {ese} i'm sure i'm just not scanning the right stocks.....
[11:08] {dino} out chsi, +.40
[11:09] {ese} like that........
[11:09] {ese} chsi.....doesnt show up on any of my scans
[11:09] {dino} out veco, .25, +.65
[11:10] {ese} nice dino........the double whammy......
[11:10] {dino} ty
[11:11] {gregns} ese thanks for sharing!
[11:12] {ese} not a's all ego .....what can i say....yuk yuk
[11:12] {nemo} stopped 2nd half clf
[11:16] {dino} hook l .66
[11:17] {dino} clf stopped -.26
[11:19] {ese} by the way.......i got that ego thing from nemo......he's my mentor there
[11:19] {gregns} lol
[11:20] {nemo} sure didn
[11:20] {dino} roflol
[11:20] {nemo} sure didn't get your sense of humor from me
[11:20] {ese} lol
[11:25] {Threei}  I spent last 5 min trying to come uop with humoristic comment on that, and gave up...
[11:26] {dino} hook to flat
[11:26] {strider} well, that's pretty funny
[11:26] {ese} daaaa stopped balance of fitb at .33 +.02
[11:26] {nemo} {&Threei} What sense of humor nemo?
[11:27] {nemo} clf looks short or long
[11:28] {dino} hmmm
[11:31] {nemo} .60 area next stop
[11:34] {Threei}  UAUA Shareholders approve the merger with CAL (22.17, -0.05, -0.23%) (related CAL )
[11:39] {dino} out hook flat
[11:46] {dino} clf sm l .00, stop .73
[12:02] {dino} fdx sm l .20
[12:03] {dino} stop .89
[12:07] {Threei} Short Setup: RIMM  .25 break
[12:07] {strider} RHT short .25 break?
[12:08] {Threei}  if stays under .35
[12:08] {Threei}  RHT... not sure
[12:15] {dino} clf to .37
[12:17] {dino} to .45
[12:18] {dino} out .46, +.46
[12:24] {Threei}  no go
[12:24] {_daviddrosenfeld} Out clf .36
[12:28] {dino} gj
[12:40] {ese} gotta go all have a great weekend
[12:40] {Threei}  take care ese
[12:40] {strider} see ya ese.
[12:52] {dino} fdx stopped -.31
[13:08] {Les} hmm judging by blog timeline action is slow?
[13:08] {Les} afternoon. how's the day been so far?
[13:09] {nemo} morning o.k. dead now...quadruple witching hour and Max pain has spy at 113
[13:09] {dino} jks
[13:09] {nemo} Why aren't you drunk?
[13:11] {Threei}  really
[13:15] {Les} getting there
[13:17] {Les} helping out the local library setup in their new building today
[13:18] {Les} went to Aikido lesson this evening but no sensei
[13:18] {Les} so drinking and hanging out here last alternative
[13:18] {strider} learning how to be a dog?
[13:25] {nemo} dino...clf at my next support point
[13:26] {kowboy} clf off a cliff
[13:26] {dino} should bounce soom
[13:29] {nemo} don't quit your day job kowboy
[13:30] {dino} l .65 clf
[13:31] {kowboy} ty but don't have day job nemo
[13:31] {nemo} congratulations
[13:36] {nemo} [13:17] {Les} helping out the local library setup in their new building today
[13:36] {nemo} boy scout les?
[13:36] {_daviddrosenfeld} stop loss on CLF?
[13:37] {i2r} out CLF, +.07
[13:37] {nemo} lot size dino?
[13:37] {Threei}  oh good... he is on tv
[13:37] {nemo} SHORT!!!!
[13:38] {kowboy} lol nemo
[13:38] {Les} market already short
[13:38] {nemo} yep tza starts upward
[13:38] {strider} lots of things are short.
[13:38] {_daviddrosenfeld} ok, no prob
[13:38] {nemo} oh oh
[13:39] {Les} nah nemo, in village where male circle of elders ignore intellectual/cultural activities and female staff.
[13:40] {Les} I'm always happy to lend a hand ;)
[13:42] {Threei}  "unscrupulous morgage lenders"
[13:42] {Threei}  and on the other side of the equation, "folks who coul;d barely understand page and pages of fine print"
[13:43] {Threei}  could those por misled folks understand this: I make 100 bucks, I am being offered to pay 150, I am 50 bucks short - I should not take this offer
[13:43] {dino} clf stopped thing is broken
[13:44] {Les} "and if you don't get on Party bandwagon soon Comrade Vad, you will be reported to Washington Headquarters for reintegration"
[13:45] {strider} notice how this stuff just rolls off Les's tongue?
[13:46] {Threei}  that's OK Les... I've seen much worse iteration of all that
[13:46] {Les} figured you might have
[13:47] {Threei}  whatever they have, they are light years nehind Politburo and KGB
[13:47] {Threei}  behind
[13:47] {Les} well give them kudos for trying
[13:47] {Les} Cuba was a good start
[13:48] {Threei}  they sure do
[13:48] {nemo} I got rined on clf
[13:48] {nemo} rinsed
[13:48] {Threei}  and they may even succeed
[13:48] {Threei}  but I hope not
[13:48] {Threei}  or not now
[13:49] {Threei}  because I am running out of places to immigrate
[13:49] {Les} switzerland's nice this time of year
[13:49] {nemo} Yeah, but you're there
[13:49] {Les} i don't have to say it
[13:50] {nemo} scorpion and the frog
[13:50] {nemo} aufpissen
[13:50] {Les} I learnt new term given to HItler by his Regimental comrades during WW1
[13:50] {Les} let me look
[13:52] {nemo} hast du das noch gefunden?
[13:56] {nemo} in tna .60
[13:57] {Les} voilĂ 
[13:57] {Les} Etappenschwein
[13:57] {Les} I just know pig part, which sounds like suitable insult
[13:57] {gregns} cat ? why would they show their orders @73.00 and not reserve them? it looks like they are real
[13:58] {Les} if I ever speak German to you Nemo, you know why
[13:59] {Les} SVNT could get interesting for short soon
[14:00] {Les} SPN too if it can bounce for a solid short setup here
[14:11] {nemo} by the skin of my teeth tna heldd on
[14:11] {nemo} keine Ahnung
[14:13] {nemo} 1/2 out .71
[14:15] {Les} Nemo, what was SPN price on the bounce there .66?
[14:16] {_acanoe} an
[14:17] {Les} freestockcharts telling me SPN vol. has died off
[14:18] {strider} How come @Alert never talks?
[14:18] {Threei}  ever looked in #floor?
[14:18] {strider} I bet he'd have some really interesting things to say.
[14:19] {strider} ah, another one of your personalities.
[14:19] {Threei}  you can't shut him up in therer
[14:20] {strider} I guess that's why I never look at it.
[14:20] {Les} can't shut me up out here
[14:20] {Les} I like Alert
[14:23] {Les} Privoxy is working against mibbit advertising vad
[14:24] {Les} svnt .50 b'down?
[14:24] {Threei}  ese may want to know that
[14:24] {Threei}  although who knows... maybe he came to like those ads
[14:24] {Threei}  hard to tell SVNT
[14:27] {Les} what do you make of X? This very tight range. break in either direction coming?
[14:27] {Les} playable setup I mean
[14:28] {Threei}  ratehr up
[14:28] {Threei}  like 52/48
[14:29] {Threei}  .45 trigger
[14:36] {Les} stop?
[14:39] {dino} chsi falls again
[14:39] {Threei}  .35
[15:01] {dino} cghsi l .65
[15:01] {dino} chsi
[15:05] {Les} there goes x
[15:11] {Les} wow off a cliff
[15:13] {dino} speaking of cliffs, clf towards lod again
[15:23] {dino} eat l .56
[15:26] {dino} chtp
[15:28] {Threei}  CHTP Moves higher on positive mention from CNBC guest analyst (5.51, +1.39, 33.74%)
[15:28] {Les} hehehe
[15:28] {Les} CNBC guest just made tidy profit
[15:29] {Threei}  CNBC guest, 1 min before the segment, phoning his comrades: loaded up guys? ready to sell? OK, here I go
[15:30] {Les} can't you get yourself invited onto CNBC?
[15:30] {Les} we can all retire the next day
[15:30] {dino} eat stopped -.09
[15:31] {nemo} rinsed in tna again
[15:31] {Threei}  scalped short
[15:31] {Threei}  .70 - .57
[15:31] {Threei}  shrug
[15:31] {RonS} see you guys Monday for the next round of shenanigans  ;)
[15:31] {dino} cya
[15:31] {Threei}  take care Ron
[15:32] {Les} don't let the door hit you Ron
[15:34] {Threei}  covered too soon
[15:40] {Threei}  incredibly boring day
[15:40] {dino} kcp
[15:42] {dino} sm s .50
[15:43] {dino} cov 17.50 +1.00
[15:44] {Les} did you just have an interview on CNBC dino?
[15:44] {Threei}  lol
[15:44] {dino} no why, no tv
[15:44] {Threei}  KCP Moves higher on takeover chatter
[15:44] {dino} ok
[15:44] {Threei}  NYSE volume 1.0B shares, about 30% above its three-month average; advancers lead decliners by 1.5:1.
[15:44] {Threei}  - NASDAQ volume 1.8B shares, about 12% above its three-month average; advancers lead decliners by 1.4:1.
[15:44] {Threei}  - VIX index +0.7% to 21.85
[15:44] {Threei}  - Note: Today is quadruple witching, generating a significant increase in trading volume.
[15:45] {Threei}  AAPL Digitimes reports Apple is looking to launch a new iPad in Q1 2011 (275.28, -1.29, -0.47%)
[15:46] {kowboy} got s rimm, i apologize, happened 2 fast to post
[15:53] {dino} out chsi .77, +.12
[15:55] {Threei}  you'll haver to return profit, kowboy
[15:56] {kowboy} I'm sorry
[15:56] {dino} slllaaapppp
[15:59] {Les} bon weekend all. c u's monday
[16:00] {Threei}  everyone sees warning of no overnights on laser?
[16:00] {Threei}  thank you all, havce a good evening
[16:00] {Threei}  and weekend
[16:00] {Threei}  see you on Monday
[16:05] {dino} gn all, thx good time