Wednesday, October 6, 2010

Oct 06 2010

A few good trades early on practically made the day. Action stalled afterwards, except for news-fueled moves like TIVO. Nice morning open break trade on RIMM made the catch of the day chart. Somewhat non-traditional variation of it is, to exclude the influence of opening volatility, only candle bodies were  taken into account to determine consolidation range, while tails and long opening candles were dismissed as outliers. Such is a life of discretionary trader - always some if, but or unless.

Session Time: Wed Oct 06 00:00:00 2010
[08:33] {magoo} ello mates
[08:38] {Threei}  gidday mate
[08:39] {jfjf64} ii
[08:45] {kowboy} gm
[08:46] {Threei}  jf, kowboy :)
[08:48] {magoo} howd yesterday end?
[08:49] {magoo} was good morn'
[08:50] {jfjf64} anyone  watch kramer
[08:50] {jfjf64} gold  2000
[08:50] {Threei}  nothing spectacular... one win, one stop
[08:50] {Threei}  market stalled
[08:51] {Threei}  ty jf, now I am ready to short it
[08:51] {jfjf64} weired day  imo
[08:51] {jfjf64} +195
[08:51] {magoo} ah, boy got cast off, clearance to ride in 2 weeks, good news
[08:51] {jfjf64} how
[08:51] {Threei}  congrats mags
[08:52] {jfjf64} nice
[08:52] {magoo} ty...dino out today? i know hes headed south
[08:52] {jfjf64} y
[08:55] {magoo} anyone see the new wallstreet movie? is it good?
[08:55] {jfjf64} not  yet
[08:55] {jfjf64} wait  dvd
[08:55] {jfjf64} next  week  prob
[08:56] {jfjf64} lol
[08:56] {RonS} gm all...not seen, but heard it is "subprime"
[08:57] {Threei}  Ron :)
[08:58] {davd} its on the goldman sachs conviction buy list - that means it will have a good 3 days and then taper off.
[08:58] {davd} the movie
[09:00] {magoo} lol
[09:00] {davd} sell a spread on the movie - read the reviews in the paper and get the video in a couple of months
[09:02] {Threei}  or, hedge your bet with options, by renting good ole Naked Gun
[09:03] {Threei}  ad if new movie is bad, cover your losses by swapping DVD
[09:03] {Threei}  (US) US Treasury Sec Geithner: important to see more progress by key emerging market econmomies towards market-oriented FX rates (standard G7 speak)
[09:03] {Threei}  - Currency battles risks inflation and asset bubbles
[09:03] {Threei}  - large economies with undervalued currencies that keep the FX rates from appreciating will have other countries encourgaged to follow suit
[09:04] {_panc} good morning all
[09:04] {Threei}  panc :)
[09:06] {magoo} morn panic
[09:06] {_panc} grr
[09:06] {_panc} :-)
[09:06] {magoo} he he
[09:06] {Threei}  lol
[09:06] {magoo} all in fun
[09:06] {_panc} no prob
[09:07] {Threei}  US savings rate is rising but export-related countries must change their policies
[09:07] {Threei}  - Countries with chronically large supluses must adopt policies to increase their domestic demand
[09:10] {lilyd} morning...
[09:10] {Threei}  lily :)
[09:15] {ese} morning
[09:15] {Threei}  ese :)
[09:16] {Les} no drums at my house
[09:16] {ese} awe
[09:19] {Threei}  status update on A Taoist Trader course:
[09:19] {Threei}  just one chapter left to be writtent from scratch,
[09:20] {Threei}  a few (5-6) need some re-writing to incoropoarte some understandings gained later on,
[09:20] {Les} you mean you're making this up as you go along?
[09:20] {Threei}  a few attachments need to be structured (trader's routines for various sitiations, namely)
[09:20] {Threei}  no, I was born with this course written in my head
[09:21] {Les} sorry, just pulling a line of Life of Brian
[09:21] {Threei}  :)
[09:21] {Les} "He's making it up as he goes along!"
[09:21] {Threei}  well, and technological part of course
[09:21] {Threei}  giving it an actual web form
[09:21] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {khaln} gm
[09:22] {Threei}  khaln :)
[09:23] {RonS} eqix whacked
[09:23] {magoo} vad, u see EQIX
[09:24] {Threei}  EQIX Guides Q3 R$328-330M v $335Me, ($335-338M prior guidance); FY R$1.22B v $1.2Be ($1.23-1.24B prior guidance)
[09:24] {Threei}  - Expects 2010 third quarter and full year adjusted EBITDA will be above the Companys previous outlook (Guides Q3 EBITDA at greater than $140M ($136-139M prior guidance), and FY at approx $540M)
[09:24] {Threei}  - This updated guidance is due to underestimated churn assumptions in Equinixs forecast models in North America, greater than expected discounting to secure longer term contract renewals and lower than expected revenues attributable to the Switch and Data business acquired in April 2010.
[09:25] {RonS} computing goes commodity...
[09:26] {RonS} hey mags, u buy some of those 100 yr Mexican bonds?
[09:27] {RonS} 6% divvy...
[09:28] {ese} 100 year?
[09:28] {RonS} yep
[09:29] {RonS} it "for the children"...:D
[09:29] {Threei}  ll
[09:29] {Threei}  IMF CHief Economist: Probability of negative US growth is low
[09:29] {Threei}  ll was lol wiout "out" part
[09:30] {Threei}  call it inner laughter
[09:32] {Threei} Short Setup: LVS  .10 break half lot
[09:32] {Threei}  if stays under .20
[09:33] {Threei}  invalidated
[09:35] {Threei}  watch ROMM for long on pullback to about .30
[09:35] {Threei}  RIMM
[09:35] {Threei}  half lot, with stop under .20
[09:37] {Les} GDX dbi
[09:37] {Les} or dt...
[09:39] {Threei}  now LVS worked
[09:39] {Threei}  lol
[09:39] {Threei} Long Setup:  RIMM  .45 break
[09:39] {Threei}  half lot
[09:40] {Threei}  if stays above .35 for scalpers, .30 for day traders
[09:42] {Threei} Long Setup:  LVS  .85 break
[09:42] {Threei}  if holding .75
[09:43] {Threei}  RIMM 1:1 scalpers
[09:43] {Threei}  and day traders
[09:43] {Threei}  LVS invalidated
[09:43] {davd} in rimm .4
[09:44] {Threei}  half out davd
[09:44] {Threei}  be reasonable
[09:47] {Threei}  out RIMM 1/4 more
[09:47] {davd} out rimm .59 1/2 lot
[09:48] {Threei}  out in full
[09:48] {Threei}  +.40
[09:48] {Les} you going back to bed now?
[09:49] {davd} out in full rimm
[09:49] {Threei}  never left it
[09:49] {Les} hehehe
[09:49] {Threei}  nice clean 1:3
[09:49] {davd} .8 last lot rimm
[09:49] {jfjf64} ty
[09:49] {Threei}  yw
[09:49] {magoo} EQIX vad
[09:50] {magoo} support 75.50 area
[09:51] {Threei}  support?
[09:51] {Threei}  from when??
[09:51] {magoo} i read it this morn
[09:51] {magoo} realmoney
[09:51] {Threei}  ahhh
[09:51] {Threei}  good luck then
[09:52] {Threei}  they also told the world to buy in Feb of 2000
[09:52] {Threei}  and Sept of 2008
[09:55] {Threei}  EQIX is a great stock to lose your shirt on, in a single day
[09:56] {magoo} shirt or short he he
[09:56] {Les} X vad. u see a setup?
[09:56] {Les} breakout of this consolidation here
[09:56] {Threei}  pullback to .60, I'd probably get interested
[09:57] {Threei}  (US) US Treasury's Geithner: Adjustment in the US is 'well advanced'; housing market remains very weak - Q&A session
[09:57] {Threei}  - Fiscal challanges is manageable in the US over the next decade but very significant in the long term
[09:57] {Threei}  - US housing market remains "very weak", White House and Fed policies have brought some stability to housing.
[09:57] {Threei}  - Process of economic adjustment is "very well advanced" in the US; Some parts of US economy are doing well, such as high tech.
[09:57] {Threei}  - US is not short of allies on currencie issues but not looking for near-term quick solution on currency reform.
[09:57] {Threei}  - Better for countires to move multi-lateral to permit permanent FX adjustments; US canot sove FX issues on its own
[10:00] {Threei}  lvs
[10:03] {magoo} FCX
[10:03] {jfjf64} F
[10:03] {Threei}  SEED Strength attributed to takeover chatter (8.42, +0.34, 4.21%)
[10:04] {Threei} Long Setup:  CAT  .85 half lot
[10:06] {Threei}  invalidated for now
[10:06] {jfjf64} FCX
[10:06] {magoo} man X
[10:09] {Threei} Long Setup:  FCX  .20 break half lot
[10:09] {Threei}  if stays above .10
[10:10] {Threei}  Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:11] {Threei}  TIVO Ticking higher on chatter Patent office could make a favorable presentation at upcoming appeals court hearing
[10:14] {Threei} Long Setup:  X  .15 break
[10:15] {strider} dyop .00?
[10:15] {strider} stop
[10:15] {Threei}  just under
[10:17] {Threei}  market weakens
[10:17] {Threei}  not sure about X here
[10:17] {Threei}  golding well so far
[10:18] {Threei}  holding too
[10:18] {davd} in x .15
[10:19] {Threei}  how about that 75.50 support for EQIX...
[10:20] {Threei}  no go X
[10:23] {strider} FCX support
[10:23] {strider} or not
[10:25] {Threei} Long Setup:  TNA  .65 break half lot
[10:26] {Threei}  change to .60
[10:27] {Threei}  if holding .50
[10:27] {strider} in .53
[10:27] {Threei}  good aggressive
[10:27] {magoo} CAT vad
[10:28] {strider} out 1/2 .67
[10:28] {Threei}  1:1 TNA, half out
[10:29] {Threei}  sorry mags, couldn't do two fast ones
[10:29] {Threei}  1:2
[10:29] {strider} out .80
[10:29] {Threei}  out too
[10:30] {strider} EQIX c&h, fwiw
[10:32] {Threei}  *DOE CRUDE: +3.1M V +500KE; GASOLINE: -2.6M V -500KE; DISTILLATE: -1.12M V -1ME; UTILIZATION: 83.1% V 85.4%E
[10:32] {Threei}  - Distillate demand -175K bpd to 3.72M bpd
[10:32] {Threei}  - Gasoline demand -400K bpd at 8.99M bpd
[10:35] {strider} GE new daily high from May 19
[10:42] {Les} rimm
[10:43] {Les} back to todays opening price
[10:43] {Les} aka possible db
[10:47] {khaln} .
[10:47] {Threei}  feels like today is a breather for the market
[10:48] {Threei}  RIMM Hearing Jefferies making cautious comments (timing uncertain) (49.05, -0.63, -1.27%)
[10:48] {Les} X still strong
[10:50] {Les}
[10:51] {RonS} GE buying Dresser for $3 bil...
[10:51] {strider} GE hits 17
[10:51] {Threei}  I never ever let my wife shop alone for the furniture anymore
[10:51] {Les} $pog ready for a breather? GLD gap up and stall. different today.
[10:51] {khaln} LOL
[10:51] {RonS} ...bought a $1.7 bil consumer loan portfolio overnight from C
[10:52] {RonS} GE did...
[10:53] {khaln} shopping with your credit card?
[10:53] {Threei}  some dressers are exceeding my credit limit
[10:53] {Threei}  [10:51] {RonS} GE buying Dresser for $3 bil...
[10:56] {RonS} Homer Simpson forehead slapper...doh!...
[10:57] {Les} girls will do it you every time...
[10:59] {ese} L entr .85
[10:59] {Threei}  I strongly disagree.. my personal experience is, they do it to you every other time
[10:59] {Les} semantics vad, semantics
[10:59] {Threei}  hey, it's half jail time... not just semantics
[11:00] {Threei} Short Setup: CAT  79 break
[11:01] {strider} above .20 stop?
[11:01] {ese} did I post i'm long molx .44 ?
[11:01] {Threei}  invbalidated actually
[11:02] {ese} 3/4
[11:03] {davd} x invalidated?
[11:03] {ese} nope........don't see it
[11:03] {davd} sorry, CAT invalidated?
[11:03] {Threei}  yes
[11:04] {Threei}  may reestablish if consolidates here for couple min
[11:05] {strider} RIMM new low
[11:06] {davd} gj re rimm 3i
[11:08] {RonS} ...this is the first time in three weeks that the POMO Fed purchases has not spurred a rally.  Today's operation the Fed bought $2.? of Treasuries, and were offered $25 bil.  No further operations untl the 13th or 14th...
[11:11] {RonS} Euro looking to break through 1.39...
[11:12] {kowboy} mtb
[11:14] {Threei}  RIMM, dive closer to .60 is likely to be a long entry for double bottom
[11:15] {Threei}  EUR/USD Moves abouve 1.3900 for the first time since Feb
[11:16] {Les} cat
[11:20] {Threei}  let's see if RIMM forms clear trigger
[11:22] {Threei}  nope, new low
[11:22] {ese} out molx .55 +.11
[11:27] {Threei}  (GE) Goldman Sachs forecasts Euro reaches 1.40 in six months, 1.55 in 1 year; Germany 10 year bunds to reach 2.4% v 2.7% prior forecast
[11:28] {ese} i'm loving dino style right now with entr
[11:28] {ese} dino's
[11:29] {RonS} the rate it's been going it will happen tonight...
[11:36] {ese} out 1/2 entr .98 +.13
[11:37] {RonS} gj ese
[11:37] {ese} tks ron......balance 2 1/2 k to break even
[11:37] {Threei}  BP Presidential Commission reportedly says the White House blocked the release of the worst case scenario estimates of BP oil spill in Gulf of Mexico (41.62, +0.29, 0.70%)
[11:38] {kowboy} eqix
[11:39] {ese} been watching that too
[11:41] {davd} i read "descending volume"  3i, just took cat from .22 to .46
[11:43] {RonS} aig daily breakout on intra march higher...
[11:43] {magoo} i just read ' decadant vavoom"
[11:44] {Threei}  nice one davd
[11:45] {davd} saw the lower vol at 11:39
[11:47] {kowboy} ffiv
[11:49] {Les} rimm tightening up.
[11:50] {Les} for break. can't see which way
[11:50] {magoo} mkts look like ass here tho
[11:50] {Les} :)
[11:52] {kowboy} eqix near 72 lod , gone
[11:52] {magoo} eqix blowin my mind
[11:52] {magoo} but not my acct
[11:53] {Threei}  you are all grown up magoo... tears on my eyes
[11:53] {strider} cover EQIX +.77 scalp
[11:53] {Threei}  oversold gets oversolder
[11:53] {magoo} get yourself together he he
[11:53] {Threei}  let the suckers try and catch the falling knives
[11:54] {kowboy} 2% only lower guidance
[11:54] {Threei}  doesn't matter
[11:54] {Threei}  market is not moving on cold data
[11:54] {kowboy} vad says trade what u see, not what u think
[11:54] {Threei}  market is moving on hot emotions
[11:55] {Threei}  or, to give you a sneak preview of the upcoming course, quote (unedited):
[11:55] {Threei}  A winning trader accepts the market for what it is  a loosely structured highly liquid environment governed by numerous forces interacting in a principally non-computable way, where observable patterns obey the laws of human psychology and defy the false premises of stiff logic.
[11:56] {magoo} OY
[11:56] {Threei}  He enjoys the process of deciphering the way in which Tao manifests itself in the markets; he is enthralled by the elegance and ruthlessness of these manifestations.
[11:56] {RonS} VEY
06[11:56] * Threei slaps magoo around a bit with a large copy of Tao Te Ching
[11:57] {Les} you quoting Tao or Machiavelli?
[11:57] {Threei}  myself rather
[11:57] {Les} my RMBS loving friend wouldn't like you
[11:57] {Threei}  no
[11:57] {Les} doesn't fit into his calculating world
[11:58] {RonS} gee, turns out 3i is a poet, and i didn't know it...
[11:58] {Threei}  most people wouldn't
[11:58] {Threei}  which makes me happy
[11:58] {Threei}  I mean, what kind of crap would I be if most people liked me?
[11:58] {RonS} carp?
[11:59] {magoo} i like ya, especially when u pouring the vodka, glub glub
[12:00] {RonS} i knew there was a reason i like French Impressionism
[12:00] {magoo} sh GS here
[12:00] {magoo} stop high
[12:00] {magoo} .20
[12:00] {magoo} .20 short
[12:00] {magoo} that is
[12:03] {magoo} needs mkt to roll
[12:04] {RonS} bidu below the hunskie again...
[12:06] {RonS} wow euro near 1.394
[12:07] {magoo} X high
[12:09] {Threei} Short Setup: EQIX  .88 break
[12:09] {Threei}  small sharesa
[12:09] {Threei}  ugh... too late
[12:10] {Threei}  stop above 72
[12:10] {magoo} is this a trick or test??
[12:10] {Threei}  ?
[12:10] {strider} yes
[12:11] {magoo} tears of joy while i stayed away
[12:11] {Threei}  no go anyway
[12:12] {Les} might be dino play here. vwap is 76
[12:13] {Threei}  could be
[12:19] {Threei}  rinse EQIX
[12:19] {Threei}  narrow range day... a breather
[12:20] {Threei}  we are lucky to catch those early plays
[12:20] {davd} missed the gs short.  good call  magoo
[12:20] {Threei}  new low EQIX
[12:20] {Threei}  grrr
[12:20] {khaln} .
[12:22] {magoo} was thinking lower
[12:22] {magoo} gs
[12:22] {magoo} still in
[12:24] {jfjf64} EQIX
[12:24] {RonS} wow eqix...93 block trades...2.1 mil about a dump
[12:24] {magoo} when does it bounce...sheesh
[12:24] {Les} crap. someone say falling knife?
[12:25] {RonS} falling knife
[12:25] {Les} someone more erudite?
[12:25] {Threei}  who still feels like playing this bottom-catching game based on "it can't possibly go any lower"... do watch EQIX today to get cured once and for all
[12:26] {Les} ty
[12:26] {Les} nothing personal Ron
[12:26] {RonS} i see support at 40...
[12:26] {Threei}  a whole lot of trding carreers ended prematurely thanks o this notion of "they are wrong dumping it, it's a good value, this news doesn't deserve such selloff"
[12:28] {magoo} GS
[12:28] {Threei}  ugh
[12:28] {Les} nice one mags
[12:28] {Threei}  RIMM .50 reak...
[12:28] {magoo} vad, when u gonna yell at me to get out??
[12:28] {Threei}  was later to alert
[12:28] {Threei}  out of where?
[12:29] {magoo} GS short
[12:29] {Threei}  oh.. sorry I missed you entry
[12:29] {Les} vwap and 200ma support around .40 mags
[12:29] {Threei}  but I am happy to oblige
[12:29] {Threei}  MAGOO, GET OUT!!!
[12:30] {jfjf64} rig
[12:30] {magoo} feel like i should be exitiong, dunno, like someones telling me
[12:30] {Threei}  lol
[12:31] {Threei}  if this is a range day, we are about to bounce
[12:33] {Les} rimm support .06
[12:33] {Les} 48 could be good for bounce
[12:38] {RonS} Mick Jagger
[12:38] {Les} dead?
[12:39] {RonS} "Hey you, stay off of my cloud!"
[12:40] {magoo} anyone still with me sh GS?
[12:40] {Les} looks like christmas has come shorting gs
[12:42] {RonS} mee has some killer strength today...
[12:44] {magoo} out
[12:44] {RonS} gj
06[12:44] * Threei slaps magoo around a bit with a large sigh of relief
[12:47] {RonS} ...guess there is lightening in those clouds:
[12:50] {magoo} took .30, + .90
[12:50] {Les} nice
[12:50] {RonS} cat tapping lod
[12:50] {magoo} no...u nice LOL'\
[12:52] {RonS} holy smokes, check the bullish engulfing candle stz
[12:53] {Les} ty Ron for eqix. traders got greedy hey... no wonder exits are full
[12:55] {davd} gs more down, cramer must have recommended it
[12:57] {Threei}  lol
[12:59] {RonS} ...oh great 3i...can you conjure a recollection how a small stock like eqix blew up and reminded those in the high flyers that the same fate could befall them?...nflx looks busted right now
[13:04] {kowboy} bidu
[13:05] {Threei}  Ron... could you pleae use shorter words? 3 stllables at most, 2 are preferrable
[13:05] {Threei}  I had to reread word "recollection" three times
[13:05] {RonS} after reading the prose from your book...ha!
[13:06] {Threei}  remember, I am a writer, not a reader
[13:06] {RonS} well, that takes the cake...
[13:06] {Threei}  :)
[13:06] {RonS} :D
[13:07] {Threei}  or, as an old Russian joke about word game participant went, "guessed all the letters right but couldn't read the word"
[13:16] {davd} people might be noticing an upturn in $USD
[13:16] {Les} CAT could be db around .50
[13:17] {ese} it's choir .....that should be miller time........cya tomorrow
[13:18] {RonS} cya ese...babaloooo...
[13:18] {ese} cya ron
[13:20] {davd} dont see an upturn in vol on cat in last 10 mins les?
[13:30] {Les} don't have vol. davd.
[13:31] {jfjf64} rimm goonna die
[13:31] {Les} using BATS only
[13:31] {davd} hmm, i'll check out.  thankx
[13:32] {Les} freestockcharts good for indicators, not for vol. but not able to trade at the moment
[13:35] {Les} X 44 long?
[13:36] {Threei}  worth a try
[13:40] {davd} in x .97
[13:41] {Les} eqix reversed
[13:44] {Threei}  Senate Balance of Power: Dems 48 GOP 48 Toss-Ups 4 -
[13:46] {davd} out x .9 stopped
[13:50] {Les} x in lockstep with market.
[14:02] {RonS} aapl bounce on vol
[14:03] {davd} vz and apple to sell together
[14:08] {RonS} geez davd...just figured your message but could not find it...vz news re aapl vad?
[14:09] {RonS} holy smokes look at the call vol vz
[14:09] {Threei}  Apple Inc CDMA iPhone sales expected by Q1 2011 - WSJ citing sources
[14:09] {Threei}  - Mass production expected by year's end.
[14:09] {Threei}  - Apple is also currenly developing a next generation iPhone.
[14:09] {Threei}  - REMINDER: Digitimes had a similar report on the timing of the CDMA iPhone, reporting on 8/9 that Apple to begin production of CDMA iPhone in Dec 2010, with Verizon expected to announce the product at CES 2011 and will start shipping in January 2011.
[14:10] {RonS} thx
[14:14] {Les} I wanna know. will the next gen iphone cook my breakfast?
[14:15] {larisa} and eat it too :)
[14:15] {davd} yes, it will warm a bagel
[14:17] {Threei}  I for one know exactly what feature I wait for iPhone to gain before I get interested
[14:18] {Les} I don't think they can distill vodka yet...
[14:18] {Threei}  nah, I am fine with dtore-bought one
[14:18] {Threei}  store
[14:24] {RonS} Apple making Verizon-ready iPhone by year end: WSJ       10/06 12:21 PM
[14:24] {RonS} The new iPhone will reportedly use a chip made by Qualcomm Inc.
[14:34] {davd} cramer sells keep selling equinix
[14:34] {davd} eqix
[14:41] {jfjf64} tivo
[14:42] {jfjf64} jbe  4 sure
[14:42] {jfjf64} lol
[14:43] {Threei}  TIVO Issues Statement on Decision by United States Patent and Trademark Office; confirms earlier chatter
[14:43] {Threei}  "We are pleased that the United States Patent and Trademark Office has reaffirmed the validity of all claims of the Time Warp Patent at issue in the second reexamination of the patent at the request of EchoStar. This decision by the PTO is final and not appealable by EchoStar. Today's decision further validates our IP and brings us closer to ending EchoStar's ongoing infringement. Moreover, we remain confident that the United States Court of Appeals for the Federal Circuit will uphold and enforce an injunction against EchoStar's ongoing willful infringement of the Time Warp Patent."
[14:46] {Threei}  lol... pure reflexes trade, scalped 9.90 - 10.04 not realizing what I was doing
[14:46] {RonS} tivo l .80
[14:46] {Threei}  beautiful entry
[14:47] {RonS} this is a game changer and establishes value in the co.
[14:48] {Threei}  now, that's inwesting talk
[14:49] {RonS} used to be in the sat entry...been watching Charlie's action since the '80's...worked DTV, and know TIVO execs...
[14:50] {RonS} industry
[14:50] {Threei}  just don't tell magoo you have this inWesting bloodline in you... he is known to hunt down aand shoot those
[14:51] {RonS} hehe
[14:51] {RonS} TIVO can sell itself...
[14:52] {Threei}  still has to resolve that litigation
[14:52] {Threei}  and there is always another turn coming right after another twist
[14:52] {RonS} tru dat
[14:53] {jfjf64} m daily  chart
[14:53] {Threei}  will the buyers at 11.20 stand up
[14:53] {Threei}  I want to see the embodiment of stupidity
[14:53] {Les} I fess up
[14:56] {magoo} it will get there today right? it has too:)
[14:57] {Threei}  11:20 buyer looks at his P/L olumn thinking "did meteorite strike me?"
[14:58] {Les} or it is now in his/her "long-term" account
[14:59] {Threei}  not yet
[14:59] {Threei}  as of this moment he pis posting "TIVO HUGE NEWS, GET YOURS WHILE YOU CAN!!" all over the internet
[14:59] {Threei}  while hoping to sell at 11.21
[15:00] {Les} yeh look for him in yahoo finance message board
[15:00] {jfjf64} 3i   m .71
[15:00] {Threei}  nah
[15:01] {Threei}  not after this 30 cents run
[15:08] {magoo} vad, sell into bell?
[15:09] {Threei}  hmmm
[15:09] {Threei}  feels like sideways to me
[15:09] {Threei}  very nice TIVO bounce
[15:12] {magoo} EQIX feels like 65 today
[15:12] {RonS} out tivo .30 +.50
[15:14] {Threei}  wtg
[15:14] {RonS} ty  wanted it go now...
[15:15] {RonS} murphy deal ya know...
[15:16] {RonS} ...once that case settles, DTV will buy this co, or DISH will beforehand
[15:17] {davd} nice tivo
[15:21] {Threei}  taking reasonable profits can't be bad decision
[15:22] {RonS} ya, plus this thing has always been a whip...
[15:23] {RonS} "better to be out wishin you were in, than in wishin you were out
[15:23] {Threei}  :)
[15:27] {RonS} ...that saying is so old the letter G has been invented...;)
[15:27] {RonS} had not been
[15:28] {Threei}  I know.. magoo invented it when he was middle aged
[15:29] {Threei}  still feels like sideways is most likely way to end, maybe wioth slight bounce
[15:29] {Threei}  selloff doesn't feel to be in cards
[15:29] {Les} yeh. outta here. c u's tomorrow
[15:29] {Threei}  take care Les
[15:30] {RonS} cya es
[15:30] {RonS} les
[15:31] {RonS} beav ran wild today
[15:33] {RonS} lvs looking real heavy...
[15:35] {RonS} amzn near lod
[15:45] {Threei}  bounce
[15:54] {davd} did you say bounce because no volume above spy 116?
[15:55] {Threei}  I can't really pinpoint it
[15:55] {Threei}  more of feeling than hard science
[15:56] {davd} by "bounce", however, you meant tempory surge upward that will be followed by selling
[15:57] {Threei}  don't know about followed... that's the next step
[15:57] {Threei}  just a bounce, as in uoward movements from lows
[15:58] {Threei}  may reverse, may stall
[15:58] {Threei}  not expecting it to go to new highs, or I would rather call it a rally
[15:59] {RonS} g'nite to you all...
[15:59] {Threei}  thak you
[16:00] {Threei}  thank too
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {khaln} g nite