Tuesday, October 19, 2010

Oct 19 2010

Perfect trading day, rehabilitating yesterday and then some, with 5 wins out of 5 calls.

Our today's Catch of the Day is a pure beauty. Not only it's based on one of my personal favorite setups, it's also quite a way to play it - in trader-speak it's called "fading the setup." In normal English, it's trading AGAINST the setup, using the signs of its invalidation. Read on, it will be very clear in a minute.
CAT formed nice and clean Cup and Handle on intraday chart (see the arrows pointing to both). Now, as you can see a handle is incomplete - right side of it never broke the "rim" at $79.70. One of the necessary conditions of C&H break is price holding above the bottom of the handle - $79.55 in our case. Thus, break of .55 constitutes setup invalidation - and can be used as a trigger for the play in opposite direction. That's what we did shorting CAT at $79.55 with 10 cents stop (see the chart for the details). Being a lunch time play, we covered our short for 1:2 risk/reward; at the moment of writing it's trading at 79.10, for nice juicy 1:4 with change. Second screenshot has been taken an hour and half later, to show the continuation of the move.

Session Time: Tue Oct 19 00:00:00 2010
[08:31] {magoo} morning
[08:31] {jfjf64} mags
[08:32] {Threei}  hey guys
[08:32] {Threei}  just opened quotes
[08:32] {Threei}  the amplitude of the moves...
[08:33] {Threei}  *(US) SEPT HOUSING STARTS: 610K V 580KE; BUILDING PERMITS: 539K V 575KE
[08:34] {Threei}  FCEL Awarded $2.8 Million to Demonstrate the Co-Production of Hydrogen From a Fuel Cell for an Industrial Application
[08:37] {Threei}  BAC CEO: Made money every trading day in prop trading operations - conf call (12.34, 0.00, 0.00%) (related XLF )
[08:45] {Les} morning all
[08:45] {Threei}  les :)
[08:53] {magoo} infn pounded
[08:53] {Threei}  what isn't
[08:54] {Threei}  USD/CAD Emerging market and Commodity-related currencies remain soft following PBoC rate hike
[08:54] {Threei}  good
[08:54] {Threei}  drop you little loonie
[09:01] {larisa} gm :)
[09:01] {Threei}  larisa :)
[09:01] {larisa} vad :)
[09:02] {Threei}  - Considerable amount of stimulus remains in place
[09:02] {Threei}  - Lowers 2010 and 2011 GDP growth forecast
[09:05] {RonS} gm 3i & the gang  :)
[09:05] {Threei}  Ron :)
[09:07] {RonS} don't you think the China interest rate raise is the story of the day?
[09:08] {Threei}  it sure is
[09:08] {RonS} fcx down pre
[09:08] {Threei}  they don't want yuan inflation and move to supress it - that means easing price pressure on commoddities
[09:08] {Threei}  and full remaking of the currency landscape
[09:09] {Threei}  and considering how much markets depend on currency moves, it is a story of the day, week, month
[09:09] {Threei}  however long it takes to price in this restructuring
[09:09] {Threei}  and move to the next story
[09:13] {ese} gm
[09:13] {Threei}  ese :)
[09:13] {ese} mornin vad
[09:17] {davd} i.e china needs to slow growth rons?
[09:17] {RonS} no, they need to cool off their inflation and re speculation
[09:18] {RonS} amazing that these guys are more responsible than the idiots in this country
[09:18] {dino} gm all
[09:19] {RonS} dino, i am looking at itw...there report was stellar and guidance raised yet trading down
[09:19] {RonS} their
[09:19] {ese}  morning d
[09:19] {ese} ron david
[09:20] {davd} ese dino threei
[09:20] {Threei}  davd, dino :)
[09:20] {RonS} ditto ditto :)
[09:20] {ese} hmmmm housing starts up 30k
[09:21] {davd} ese, housing starts arent important when the ipad margin is weak :/
[09:22] {ese} ya just saw that.......
[09:23] {ese} have a couple of friends who've bought an ipad and are saying it 's no big whoop
[09:23] {ese} profit up huge though for apple
[09:24] {ese} was doing italian classes last night and have missed some of this news
[09:25] {dino} ok ron
[09:27] {RonS} yo nemo, u back trading?
[09:27] {nemo} no
[09:27] {ese} yo dude
[09:27] {RonS} :/
[09:29] {Threei}  a lot of volatility expected at the open
[09:29] {RonS} jobs to RIMM: we are going to eat your lunch...
[09:29] {Threei}  I intend to skip first minutes
[09:29] {Threei}  look at AMZN
[09:29] {Threei}  buck and half in two bars
[09:30] {Threei}  Preview: Fed members will be speaking throughout the day today, including several who spoke extensively yesterday
[09:30] {Threei}  - 09:40ET: Fed's Evans on the economy.
[09:30] {Threei}  - 10:00: Fed's Dudley speaking at a regional economic briefing.
[09:30] {Threei}  - 11:30: Fed's Lockhart on the economy.
[09:30] {Threei}  - 12:50: Fed's Fisher speaks.
[09:30] {Threei}  - 13:20: Fed's Kocherlokota speaks on the FOMC.
[09:30] {Threei}  - 19:00: Fed's Duke discusses money markets.
[09:30] {ese} thats not usual is it?
[09:31] {ese} trying to help the $ per chance
[09:31] {Threei}  help it drop you mean
[09:32] {ese} ya maybe .......
[09:33] {Threei}  RIMM, .20 support so far
[09:33] {Threei}  watching if market spikes and gives us long
[09:34] {magoo} LVS crushed
[09:34] {Threei}  market more weakness
[09:35] {Threei}  half lot, .35 break if holding .20 - but only with market green
[09:36] {ese} dino was it you who said they subscribbed to a sqawk box on the S&P floor
[09:37] {Threei}  .30 break RIMM
[09:37] {Threei}  in
[09:38] {Threei}  stop under .20
[09:38] {magoo} in
[09:39] {Threei}  1;1
[09:39] {Threei}  whether you exited, held or partialed - stop to .25
[09:40] {dino} dk es
[09:41] {magoo} 8 bux aapl pop
[09:41] {Les} u take it mags?
[09:41] {magoo} no in rimm
[09:42] {magoo} 'big lvs bounce
[09:42] {ese} nemo.....did the spdrs hit a support level
[09:42] {Threei}  KKD??
[09:42] {Threei}  doughnuts craze is back?
[09:43] {magoo} they r at dinos house lol
[09:43] {ese} golfer phil mickleson
[09:43] {ese} like them
[09:44] {nemo} spy support 116.82
[09:44] {magoo} VADS watch BIDU for bounce
[09:44] {ese} tks.......support pivot point 1 or 2
[09:45] {ese} theres usually 2 up for resistance and 2 dn for support right
[09:48] {nemo} bidu at pivot and price action support 99.53
[09:49] {dino} meli sm l .00
[09:49] {Threei}  (RU) Russia's Putin: Russia may not need any poultry imports in 2011-2012 (related TSN PPC IBA SAFM )
[09:49] {Threei}  they quit protein, cold turkey
[09:50] {RonS} lol
[09:50] {nemo} woulda' been funnier if you said "They quit chicken, cold turkey."
[09:50] {Threei}  hey, I came up with something funny once a century
[09:50] {Threei}  don't rain on my parade
[09:51] {nemo} bidu at support
[09:51] {Threei}  BIDU threatens to lose .50
[09:51] {Threei}  and will make good on the thtreat I believe
[09:51] {Threei}  there
[09:52] {nemo} spy lose to db and has pivot support at .82
[09:53] {dino} vmw sm l .50
[09:53] {nemo} tna support .67
[09:54] {jfjf64} axp
[09:54] {jfjf64} bounce
[09:55] {dino} stop vmw -.35
[09:55] {Threei}  or break of .30
[09:55] {dino} meli stopped
[09:55] {jfjf64} yup
[09:56] {Threei}  stop above .40
[09:56] {jfjf64} you win
[09:56] {larisa} can you give more details what stock and who you are answering :)
[09:56] {Threei}  sorry... talked to jf
[09:56] {larisa} ty :)
[09:57] {jfjf64} larisa need coffee
[09:57] {jfjf64} lol
[09:58] {Threei}  TNA
[09:58] {Threei}  watching for short into this bounce
[09:58] {larisa} always, and i hate to scroll and reread :)
[09:59] {Threei}  not in a short list
[09:59] {dino} vmw rinse
[09:59] {nemo} go long tza then vad
[09:59] {nemo} but watch for tna bounce of .75
[10:00] {nemo} see spy formation
[10:00] {Threei}  TZA requires a bit too much patuience
[10:00] {nemo} wuss
[10:00] {Threei}  lol
[10:00] {jfjf64} aapl
[10:00] {jfjf64} 308
[10:00] {jfjf64} break
[10:00] {nemo} Yeah, listen to nemo sittin' on his ass not trading telling you how to risk your money
[10:00] {nemo} tna could be long here
[10:01] {Threei}  yes
[10:01] {magoo} 308 break, no like
[10:01] {nemo} see IH&S bounce mirroring spy
[10:01] {Threei}  let's see if we get double bottom on TNA
[10:01] {Threei}  .50 support
[10:01] {Threei}  argh
[10:01] {Threei}  too fast
[10:01] {RonS} ovti salmon
[10:01] {nemo} yeah, fast ligke that
[10:02] {Threei}  .60 - .65 was it
[10:02] {Threei}  ECB's Weber: Greek events show that recovery is not free from setbacks (related EUR/USD )
[10:03] {RonS} do they test these guys for idiotic statements when they are hired?
[10:04] {jfjf64} aapl
[10:04] {RonS} second test for eur to break 1.38
[10:04] {jfjf64} +65
[10:04] {davd} good call on .82
[10:04] {Threei}  (US) FDIC sees lower losses in insurance fund between 2010-2014; fund to be replenished by 2020; revises down costs of bank failures
[10:05] {RonS} i guess nostradamas works there
[10:06] {dino} meli sm l .25
[10:07] {dino} asps, eqix green
[10:10] {davd} in meli .25 small
[10:11] {Threei} Long Setup:  LVS  38 break
[10:11] {dino} itw sm l .50
[10:15] {Threei}  so far so good, held .90
[10:16] {Threei}  nope, invalidated
[10:16] {Threei} Long Setup:  IBM  .60 break
[10:17] {Threei}  hakf ,lot
[10:17] {dino} exxi l .90
[10:17] {Threei}  1:1
[10:19] {Threei}  out in full
[10:19] {Threei}  +.32
[10:19] {dino} gj
[10:19] {Threei}  ty
[10:19] {Threei}  slowly vindicating myself for yesterday
[10:21] {Threei}  wow... out too soon
[10:23] {Threei}  wow
[10:23] {Threei}  what just happened?
[10:24] {dino} out exxi .05, +.15
[10:25] {Threei} Short Setup: IBM  139 break
[10:25] {Threei}  half lot of course
[10:25] {Threei}  .15 stop
[10:26] {Threei}  (US) Fed's Evans: Fed more likely to lease assets through repos rather than sale during an exit policy - Q (related TLT SHY IEF EUR/USD USD/JPY )
[10:26] {Threei}  COCO Hearing renewed takeover chatter circulating (5.13, +0.17, 3.43%)
[10:26] {Threei}  1:1
[10:27] {Threei}  1:2, out
[10:28] {Threei}  anyone is breathing out there?
[10:28] {magoo} still in
[10:28] {Threei}  or am I calling them in the middle of a desert?
[10:29] {magoo} i taken all
[10:29] {magoo} busy
06[10:29] * Threei slaps magoo around a bit with a large roll of cash
[10:29] {Threei}  1:3
[10:29] {Threei}  be reasonable, strong support here
[10:51] {magoo} .
[10:51] {Threei}  TNA...
[10:52] {dino} out meli .85 +.60
[10:53] {Threei}  wtg
[10:53] {dino} ty
[10:53] {Threei}  it tortured you yesterday, compensated today
[10:53] {dino} lol, but true
[10:55] {RonS} mercadolibre...i know what it means but it sounds like one of those masked mexican wrestlers when i say it...
[10:56] {nemo} Jack Black
[10:56] {RonS} lol...great movie
[10:56] {nemo} Piece of work that boy...I liked School of Rock
[10:56] {Threei}  (US) Fed's Dudley: Comment from earlier this month that further action is likely warranted still stands - Q&A
[10:56] {Threei}  - Reminder: on 10/1: Fed's Dudley: Further Fed action to support the economy is likely; reiterates that Fed will not monetize debt
[10:56] {RonS} ya
[10:57] {Les} damn aapl on a roll sweet 10+. anyone?
[10:58] {RonS} i have always said that senior executives are those that can talk out of both sides of their mouth......at the same time
[10:58] {KSystems} hey
[10:58] {nemo} Wie geht es Ihnen Heute?
[10:59] {Threei}  ks!
[10:59] {dino} davd you still in meli?
[10:59] {nemo} Er lebt doch!
[10:59] {KSystems} :-)
[10:59] {nemo} Oh btw...downloaded Clash of the Titans 2010...fun movie
[11:00] {larisa} just came from Netflix, gonna watch it tonight :)
[11:00] {ese} er lebt doch?
[11:01] {KSystems} er lebt!
[11:01] {nemo} He lives still
[11:01] {Threei}  wow... what are you, 14? :)
[11:01] {nemo} you talkin' to me?
[11:02] {Threei}  and larisa
[11:02] {larisa} yes we are
[11:03] {nemo} My nephew's idea, but it was fun
[11:03] {Threei}  okay then... makes sense
[11:03] {nemo} You, the Stewie acolyte
[11:03] {RonS} Stewie rocks.
[11:03] {RonS} and the dog
[11:04] {Threei}  lol
[11:04] {magoo} never saw 1 minute of that show
[11:04] {nemo} If you want an excellent "adult" movie, watch Das Leben er Anderen
[11:04] {nemo} er=der
[11:04] {ese} stewie acolyte......lol
[11:07] {dino} funny show magoo
[11:07] {RonS} how 'bout another illustration of maturity...i love the etrade baby
[11:08] {RonS} "apparenlty riding the dog like a horse is frowned upon here"
[11:11] {Threei}  GS Exec: low activity levels in Q3 hurt many of our businesses - conf call
[11:11] {dino} me too ron
[11:13] {jfjf64} ms
[11:13] {RonS} ms reports bmo tomorrow
[11:22] {magoo} in anything???
[11:23] {Threei}  no
[11:23] {Threei}  watching CAT
[11:23] {Threei}  for possible double bottom off 79
[11:24] {magoo} im looking for shorts
[11:24] {Threei}  if SPY helps, CAT for scalp
[11:24] {Threei}  .05 break
[11:25] {Threei}  for short, I'd go with RIMM
[11:25] {Threei}  .10 break
[11:26] {Threei}  take scalp CAT
[11:27] {Threei}  1:2
[11:28] {Threei}  1:3 for greedy one
06[11:28] * Threei slants at magoo
[11:28] {Threei}  I mean 1:4
[11:28] {Threei}  that's 4 for 4 today
[11:28] {Threei}  did I make up for yesteday?
[11:29] {Les} do you mean you want to go home?
[11:29] {Threei}  always
[11:30] {magoo} yes..what u do..sleep at a holiday inn lasst nite
[11:30] {Threei}  was going to... they didn't let me in
[11:33] {strider} LVS?
[11:33] {RonS} sndk
[11:33] {Threei}  SNDK Hearing vague renewed LBO chatter circulating (39.09, +0.18, 0.46%)
[11:34] {Threei}  not sure LVS... probably short but 51/49
[11:40] {strider} FCX spike
[11:41] {Threei}  keep an eye on RIMM
[11:41] {Threei}  very weak
[11:41] {Threei}  first short candidate on reversal
[12:03] {Threei} Short Setup: CAT  .55
[12:03] {Threei}  if stays under .65
[12:05] {nemo} spy looks short
[12:06] {Threei}  {SPY} I can try and put lifts in my shoes...
[12:07] {Threei}  shots fired at Pentagon building
[12:08] {magoo} sh cat btw
[12:08] {Threei}  1:1
[12:10] {Threei}  5 for 5?
[12:10] {dino} wtfg
06[12:11] * Threei quickly pats himself on the back, before larisa smacked him down
[12:15] {magoo} out here .34 TY
[12:16] {Threei}  :)
[12:19] {kowboy} ty .36 & .41
[12:21] {Threei}  :)
[12:21] {Threei}  ok, anyone to recoignize the setup?
[12:21] {Threei}  it will make catch of the day, and it's a beauty
[12:24] {magoo} BIDU at it
[12:28] {jfjf64} d/b lvs
[12:28] {Threei}  are you all ever lazy...
[12:33] {Threei}  EU) ECB's Stark: Does not see a currency war occuring yet; sees risks of defensive moves like capital controls becoming a "protectionist spiral" - newspaper interview
[12:33] {Threei}  - Believes the ample liquidity in markets could trigger defensive responses.
[12:33] {Threei}  - Maintaining non-standard policy instruments longer than needed gets in the way of normalization.
[12:34] {Threei}  don't you love this "yet"?
[12:42] {Threei}  CAT never even tried to raise its head
[12:51] {Threei} Long Setup:  CAT  .10 break
[12:51] {Threei}  if stays above 79 of course
[12:52] {Threei}  US) Fed's Fisher: Reiterates that outcome of Nov 3rd FOMC meeting has not been determined yet
[12:52] {Threei}  - Unemployment rate is not falling fast enough
[12:53] {Threei}  does not believe a "bloated" Fed balance sheet will help the economy much
[12:54] {Threei}  remains unclear if economic conditions warrant further deployment of the Fed's arsenal.
[13:01] {Threei}  (US) Fed's Kocherlakota: Unclear whether additional easing is the right move; sees 8% unemployment well into 2012
[13:14] {Threei}  poor CAT
[13:14] {Threei}  straight down ever since our short
[13:15] {Threei}  which was based on, no single one of you still told me what
[13:17] {Threei}  Intel Corp Plans to spend $6-8B to build a new fab and upgrade exisiting plants to handle 22-nm tech - CNET (update)
[13:17] {Threei}  - Intel is pledging to spend between $6 billion and $8 billion to build a new chip manufacturing plant and upgrade its existing fabrication plants in Arizona and Oregon. The influx of cash will allow Intel's new and current fab plants to put more muscle behind building the chipmaker's next-generation, 22nm microprocessors, which could eventually power sleeker devices that deliver higher performance and longer battery life at a cheaper cost.
[13:17] {Threei}  - The new fab plant in Oregon, dubbed "D1X," is scheduled to start up its research and development in 2013.
[13:17] {Threei}  OK, no one wants to talk to e
[13:17] {Threei}  back to sleep
[13:19] {larisa} i can talk to you :)
[13:19] {kowboy} I'm a newbie here,ok if I ask the setup for Cat?
[13:20] {larisa} and kowboy too :)
[13:20] {Threei}  what, pity talk?
[13:20] {larisa} no, kowboy wants to know
[13:21] {Threei}  there will be more details in the catch of the day write-up,
[13:21] {Threei}  for now, look at 1 min
[13:21] {Threei}  from
[13:21] {Threei}  10:15 - 10:20 to 12:00 roughly
[13:21] {Threei}  see any setup forming?
[13:22] {kowboy} y same as 11:57
[13:24] {Threei}  I mean look at the whole formation
[13:24] {Threei}  during this period of time
[13:24] {Threei}  see the cup formed from 10:20 to 11:50?
[13:24] {Threei}  and handle started forming,
[13:25] {Threei}  with bottom at .55
[13:25] {ese} basically not my kind of day.......cya tomorow
[13:25] {Threei}  never finished
[13:25] {Threei}  and losing .55 support
[13:25] {Threei}  instead of breaking .70 and triggering long?
[13:25] {Threei}  take care ese
[13:25] {ese} cya vad..........scans are turning up nothing for me......good luck to the rest of you though
[13:26] {kowboy} y, ty, I see obvious after you explain it
[13:26] {Threei}  :)
[13:26] {Threei}  so, .55 break invalidates C&H
[13:26] {Threei}  and broken setup is a setup too
[13:34] {jfjf64} x
[13:46] {Threei}  Most Americans Say U.S. Is Too Politically Correct
[13:47] {Threei}  Voters Trust Republicans More on Eight of 10 Key Issues
[13:49] {dino} meli hl l .25
[13:55] {jfjf64} apa
[13:56] {jfjf64} d/b
[13:57] {dino} meli stopped
[13:57] {jfjf64} holdin102
[13:57] {Threei}  BAC NY Fed and PIMCO reportedly requesting Bank of America repurchase mortgages (12.16, -0.18, -1.46%) (related XHB XLF WFC JPM C )
[13:57] {Threei}  huh?
[13:58] {lilyd} I think it has to do w/possible mortgage fraud from the documents not being handled properly
[13:59] {nemo} spy pivot support .81
[13:59] {Threei}  oh, I see
[13:59] {jfjf64} lvs
[13:59] {nemo} low .76
[13:59] {Threei}  without that context it sounded really weird
[13:59] {dino} they won't be repurchasing
[13:59] {dino} app lod
[14:00] {lilyd} yeah - the mortgage thing is a ticking time bomb
[14:00] {RonS} sm l lvs .10
[14:01] {dino} meli rinsed
[14:02] {RonS} out .99 -.11
[14:03] {Threei}  (US) Discount Rate Minutes from Aug 23: 10 banks requested maintaining rate, two reserve banks requested an incrase to the primary credit rate
[14:05] {jfjf64} poor  aapl
[14:08] {Threei}  US Equity markets hit fresh session lows following reports PIMCO and NY Fed have requested Bank of America repurchase mortgages (related BAC XLF EUR/USD USD/JPY GBP/USD JPM WFC USO GLD )
[14:10] {Threei}  so, if BAC comes out and says "you buy them", market skyrockets?
[14:17] {dino} hal l .00
[14:17] {jfjf64} aapl  308.50
[14:17] {jfjf64} in
[14:20] {jfjf64} grrr
[14:23] {dino} itw l .27
[14:38] {dino} out itw .53, +.26
[14:42] {jfjf64} aapl
[14:42] {jfjf64} c/h
[14:43] {jfjf64} to the low
[14:43] {dino} meli hl l .98 ave
[14:43] {dino} out hal .15, +.15
[14:47] {Threei}  bounce
[14:48] {Threei}  about to start
[14:48] {Threei}  IMO
[14:48] {magoo} candidates?
[14:48] {Threei}  not LVS
[14:48] {jfjf64} x
[14:48] {Threei}  RIMM
[14:48] {Threei}  FCX
[14:48] {Threei}  AAPL
[14:48] {Les} vxx short
[14:48] {Threei}  X yes
[14:49] {Threei}  VXX I don't want to even touch
[14:49] {jfjf64} ty 4 ya blessing
[14:49] {Threei}  with 10 ft pole
[14:49] {Les} :(
[14:49] {magoo} IBM?
[14:49] {Threei}  heavens haven't seen worse tracking device than VXX
[14:49] {Threei}  yes
[14:51] {Threei}  Bank of America Corp NY Fed confirms it is among the group of bondholders who have requested BAC repurchase mortgages - CNBC's Liesman
[14:51] {Threei}  - PIMCO has no comment on earlier reports that it is among those named as bondholders who requested BAC buyback certain mortgages which did not have adequate servicing with concerns relating to 115 bond transactions issued by affiliates of Countrywide Financial.
[14:51] {Threei}  - FOLLOW UP SUMMARY: Reports circulated overnight that a group of institutional bondholders had sued BAC to oblige a repurchase of mortgages. Earlier this afternoon additional reports circulated naming the parties involved the bondholder request to BAC; including Metlife, BLK, PIMCO, NY Fed(mortgage interests are through Maiden Lane) , among others.
[14:51] {Threei}  spiders in the jar?
[14:53] {Threei}  next leg up should take SPY into 117
[14:55] {Threei}  after that, no idea
[14:55] {Threei}  IBM works
[14:55] {Threei}  FCX works
[14:55] {Threei}  X works like charm
[14:56] {Threei}  RIMM is still lseeping
[14:56] {Threei}  even LVS went
[14:56] {dino} exxi l .75
[15:00] {Threei}  IBM is one of the strongest
[15:04] {Threei}  ADBE CEO: will not comment on rumors, values Adobe's independence - Fox Business (update)
[15:04] {Threei}  - REMINDER: ADBE has been the subject of takeover chatter recently, with MSFT and IBM rumored as possible acquirers. A report on 10/7 noted senior execs of ADBE and MSFT met for a hour in recent weeks.
[15:04] {Threei}  don't like this
[15:04] {Threei}  market doesn't either
[15:04] {Threei}  btw, if MSAFT as a suitor made some sense, IBM didn't at all
[15:07] {jfjf64} tza
[15:08] {jfjf64} .74 break
[15:08] {jfjf64} do i hv ya blessings 3i
[15:08] {nemo} be careful of spy bounce
[15:09] {nemo} spy right at pivot support
[15:09] {Threei}  I can't tell jf
[15:09] {Threei}  it's 50/50 here
[15:09] {jfjf64} .69 stop
[15:10] {nemo} maybe short here into trend resistance jf, and get out on further climb
[15:11] {jfjf64} out.81
[15:11] {jfjf64} ty nemo
[15:12] {jfjf64} .70 short
[15:13] {jfjf64} grrr
[15:17] {dino} hal l .95
[15:30] {jfjf64} ibm  s
[15:30] {jfjf64} 137.01 break
[15:30] {jfjf64} c/h
[15:31] {jfjf64} hold.
[15:31] {jfjf64} 20
[15:31] {jfjf64} .20
[15:31] {dino} out hal flat
[15:33] {jfjf64} comon  die
[15:35] {jfjf64} no go
[15:36] {jfjf64} done  later all
[15:36] {Les} ciao jf
[15:36] {jfjf64} ciao les
[15:36] {Les} ditto c u's tomorrow
[15:37] {Threei}  take care jf, les
[15:37] {dino} darn hal
[15:37] {dino} back in ten
[15:39] {dino} mcp
[15:49] {Threei}  RIMM CEO responds to Apple's Jobs: expects 7 inch tablet to be a "big hit;" customers want features that Apple does not offer, like flash (47.15, -1.39, -2.86%) (related AAPL ADBE )
[15:50] {Threei}  if MSFT really wants to fight AAPl in this field, why would it by ADBE... doesn't it make more sense to buy RIMM?
[15:55] {dino} should buy both
[15:57] {Threei}  okay guys
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening
[15:57] {Threei}  see you tomorrow
[15:57] {larisa} bye :)
[15:58] {dino} cya 3i
[16:00] {dino} out exxi .85, +.10