Wednesday, December 29, 2010

Dec 29 2010

Another profitable day amidst typical holiday trading. Not easy to find right entries but being picky and patient helped. Rare earth stocks did too

Session Time: Wed Dec 29 00:00:00 2010
[08:25] {jfjf64} mornin
[08:25] {nemo} accurate assessment
[08:26] {jfjf64} ty
[08:26] {nemo} yw
[08:26] {jfjf64} did ya make it bk home
[08:26] {jfjf64} with weather
[08:26] {nemo} yep
[08:27] {nemo} 4 wheel drive truck
[08:32] {jfjf64} been listenin to bloomberg  radio   not  bad
[08:32] {jfjf64} cant stand  cnbc
[08:34] {jfjf64} thats  good jf
[08:34] {jfjf64} lol
[08:37] {Threei}  the saga of alternative fuel...
[08:37] {Threei}  PEIX
[08:37] {Threei}  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[08:37] {Threei}  Pacific Ethanol Inc. Granted 180-Day Extension By Nasdaq To Regain Compliance With Minimum Bid Price Requirement- Announced that it received a letter, dated December 28, 2010, from The Nasdaq Stock Market notifying the company that it has met all of the requirements to be granted an additional 180 days, or until June 27, 2011, to regain compliance with the minimum $1.00 bid price per share requirement for continued listing on The Nasdaq Capital Market.
[08:37] {Threei}  heh
[08:37] {jfjf64} mornin 3i
[08:37] {Threei}  hey jf
[08:48] {Threei}  CH) China may be considering separate export quotas for heavy and light rare earths - US financial press, citing sources- Currently, China issues a single quota for rare earths. Officials have talked before about adjusting the quota system, and there is no sign a decision is imminent. - The new plans involving alloys and separate quotas for heavy and light rare earths, if finalized, would mean even stricter control by Beijing on the resources as it closes potential loopholes for exporters to sidestep regulations
[09:14] {davd} hi all
[09:14] {ese} morning
[09:14] {dino} gm all
[09:14] {Threei}  davd, ese :)
[09:14] {Threei}  dino :)
[09:15] {dino} lol rnow flipped for .80 afterhours when i was out
[09:18] {magoo} morn :)
[09:19] {RonS} gm everyone
[09:19] {Threei}  magoo, ron :)
[09:24] {Threei}  (IT) Suspected parcel bomb detected at US Embassy to the Vatican
[09:24] {ese} gold stocks precious metals again goin nuts
[09:26] {stewy} morning everyone
[09:26] {Threei}  stewy :)
[09:28] {ese} stew
[09:28] {Threei}  REE, sharp pullback into .60 or so for long entry
[09:31] {Threei}  MCP sharp drop
[09:31] {nemo} mcp pulling back
[09:31] {Threei}  REE follows
[09:32] {Threei}  not shortable...
[09:32] {Threei}  too bad, MCP gave nice lead
[09:32] {jfjf64} bp
[09:33] {jfjf64} has look
[09:33] {jfjf64} imo
[09:33] {jfjf64} higher
[09:33] {Threei}  need deeper pullback REE
[09:34] {jfjf64} .80
[09:34] {jfjf64} ??
[09:34] {Threei}  at least
[09:34] {Threei}  .60 would be much better
[09:34] {jfjf64} k
[09:34] {jfjf64} .84 break  bp
[09:35] {jfjf64} here
[09:35] {Threei}  MTXX Roth Capital makes positive comments - Potential for higher bids
[09:36] {Threei}  Says a financial buyer could pay $12/shr or higher, possibly $18/shr - Maintains Buy rating
[09:37] {jfjf64} in
[09:37] {magoo} read AIG vad?
[09:37] {Threei}  will be bounce-ready very soon
[09:37] {Threei}  one more leg down me thinks
[09:38] {Threei}  under 58
[09:40] {Threei}  get ready on AIG, half lot
[09:41] {Threei}  REE too
[09:42] {Threei}  no AIG entry
[09:42] {Threei}  so far aty least
[09:43] {Threei}  REE, should give us dive into .70 - .80 for entry
[09:43] {jfjf64} flat bp
[09:44] {dino} out msb overnight, .56, +1.03
[09:44] {Threei}  wtg
[09:44] {Threei}  market sharp drop
[09:44] {jfjf64} gj dinooooooooooooooooooooooooooooooooooooooo
[09:44] {Threei}  come on already REE
[09:44] {dino} ty, got lucky
[09:45] {nemo} got lucky, got lucky...I hear that one more FRICKIN' time!!!
[09:45] {Threei}  lol
[09:46] {magoo} lol
[09:46] {jfjf64} my trigger  finger  itchy
[09:46] {jfjf64} deep breath
[09:46] {jfjf64} ahhhhhhhh
[09:46] {Threei}  resist the temptation
[09:47] {jfjf64} bj   takeover  chatter
[09:48] {jfjf64} lvs
[09:48] {jfjf64} pull bk
[09:49] {jfjf64} lookin
[09:49] {Threei}  finally REE
[09:49] {Threei}  .80 break
[09:49] {Threei}  if holds .70
[09:49] {Threei}  etc, 10 cents ranges
[09:50] {Threei}  .70 break
[09:50] {magoo} mcp dove too
[09:50] {Threei}  if holds .60
[09:50] {Threei}  you know the drill
[09:50] {jfjf64} in .75
[09:50] {jfjf64} grrrrrrrrrr
[09:51] {Threei}  1:1
[09:51] {Threei}  haklf out
[09:51] {jfjf64} comon  baby
[09:51] {Threei}  can do more
[09:51] {Threei}  scalpers take profit
[09:51] {jfjf64} out .81
[09:52] {jfjf64} shitty  print  going  in
[09:53] {Threei}  MCP helps
[09:53] {Threei}  1:2, 1/4 more
[09:54] {Threei}  look how early called .60 served as exact bounce level
[09:54] {dino} finl l .18
[09:54] {Threei}  stop for last part to .75
[09:55] {Threei}  out
[09:55] {Threei}  watching for another entry
[09:55] {jfjf64} ??
[09:56] {Threei}  ?
[09:56] {jfjf64} mcp
[09:56] {jfjf64} ree
[09:56] {jfjf64} ??
[09:56] {Threei}  REE, using MCP as leading indicator
[09:56] {jfjf64} ty
[09:56] {Threei}  wake up jf
[09:57] {Threei}  or don't... it's a bit hipocrytic advice coming from me
[09:57] {jfjf64} i say
[09:57] {Threei}  lol
[09:58] {nemo} jeepers...aig only traded 1 mil shares so far...too thin for me
[09:58] {nemo} spy trading like a dino stock
[09:59] {Threei}  REE, same setup
[09:59] {Threei}  once again
[09:59] {jfjf64} ???
[09:59] {jfjf64} lol
[09:59] {Threei}  sheesh
[10:00] {jfjf64} in
[10:00] {Threei}  aggressive entry was better but it moved away from support faster than I could type
[10:01] {Threei}  AIG under 58
[10:01] {Threei}  1:1 REE
[10:01] {Threei}  once again
[10:01] {jfjf64} eat  .80
[10:02] {jfjf64} out  .80
[10:02] {jfjf64} ty
[10:03] {Threei}  ok, getting interested in AIG
[10:04] {Threei}  REE 1:2
[10:04] {Threei}  out on full
[10:04] {jfjf64} jf  says sd of  sold  half
[10:05] {Threei}  jf is panicky and nervous today
[10:05] {Threei}  probably turkey leftovers
[10:05] {Threei}  they make people jittery
[10:05] {jfjf64} jf  needs bacon  +  egg  sandwich   over  easy
[10:06] {stewy} 3i,  any read on cat?
[10:06] {dino} amrs?
[10:06] {magoo} out .97 ty
[10:06] {Threei}  CAT will break if SPY will
[10:06] {ese} lol
[10:06] {stewy} ty
[10:06] {Threei}  not my favorite play right now
[10:07] {jfjf64} low   vol
[10:07] {jfjf64} wow
[10:07] {jfjf64} cat
[10:07] {Threei}  I see no news for ARMS dino
[10:07] {jfjf64} were  are  all the  PUSSY cat  lovers
[10:08] {Threei}  crap, missed AIG
[10:08] {magoo} l aig .77
[10:08] {Threei}  good
[10:08] {Threei}  someone nailed it
[10:09] {dino} veco sm l .50
[10:10] {nemo} don't frickin' say it DINO
[10:10] {Threei}  lol
[10:10] {dino} can it break .00
[10:12] {Threei}  anyone's interested in Colombia Nov urban unemployment rate?
[10:12] {Threei}  because if you are, do I have numbers for ya...
[10:12] {magoo} lol
[10:12] {jfjf64} bg pull bk  cat
[10:13] {Threei}  wow REE... exited too soon
[10:13] {Threei}  CAT becomes bounce candidate
[10:13] {jfjf64} omg
[10:13] {jfjf64} ree
[10:13] {Threei}  this I like much more than breakout
[10:13] {Threei}  .85 break
[10:14] {Threei}  if holding .80
[10:14] {jfjf64} lol
[10:14] {Threei}  too fast eh
[10:14] {jfjf64} fastttttttttttttt
[10:14] {Threei}  1;3
[10:14] {Threei}  lol
[10:14] {jfjf64} lol
[10:14] {Threei}  oh well
[10:14] {jfjf64} omg
[10:14] {Threei}  I did my best
[10:14] {jfjf64} yup
[10:15] {magoo} hard to enter your calls lately
[10:15] {magoo} i miss most
[10:15] {magoo} and am trying
[10:15] {Threei}  thin holiday trading
[10:15] {Threei}  jumpy
[10:16] {jfjf64} yoku
[10:18] {jfjf64} nope
[10:18] {jfjf64} mon
[10:19] {jfjf64} strong
[10:19] {jfjf64} aig
[10:19] {jfjf64} d/bot
[10:21] {jfjf64} green
[10:25] {jfjf64} cnx
[10:25] {jfjf64} 48.00
[10:25] {jfjf64}  break
[10:25] {jfjf64}   lov 5 min  chart
[10:26] {jfjf64} jf  misses  that
[10:26] {jfjf64} grrrrrrrrrrrrrrr
[10:26] {dino} sm l ctrp .02
[10:31] {Threei} Short Setup: AIG  .35 break
[10:32] {Threei}  if stays under .50
[10:32] {Threei}  half lot
[10:32] {ese} hmmmm great minds....was just lookin at ctrp dino....wha da ya like about it?
[10:33] {dino} well thought quarter multiple break would trigger
[10:33] {ese} been on my radar since that dn day on 12/15 i think
[10:34] {dino} its a polp type, but ....
[10:34] {dino} pulp
[10:34] {Threei}  invalidated
[10:35] {ese} have got a buy stop alert  42.44
[10:44] {Threei}  NYSE volume 105M shares, about 53% below its three-month average; advancers lead decliners by 1.5:1. - NASDAQ volume 235M shares, about 49% below its three-month average; advancers lead decliners by 1.2:1
[10:46] {magoo} vad look SHZ
[10:48] {Threei}  another rare earth play
[10:49] {Threei}  will be interesting for bounce from under 7
[10:50] {magoo} traders are on it
[10:50] {magoo} only game in town scenario
[10:54] {Threei} Short Setup: SHZ  .50 break
[10:54] {Threei}  half lot
[10:55] {Threei}  .65 stoo
[10:56] {Threei}  drop-ready
[10:57] {Threei}  nope, invalidated
[11:00] {Threei}  valid again
[11:00] {Threei}  same setup
[11:02] {Threei}  MCO sopike
[11:02] {Threei}  MCP
[11:02] {Threei}  no likey
[11:02] {Threei}  although SHZ is not in a hurry to follow
[11:03] {Threei}  REE follows
[11:05] {Threei}  no go
[11:05] {Threei}  out
[11:08] {ese} L vale .3999
[11:10] {ese} as the british would say....it's got a cracking 15min chrt
[11:15] {stewy} .
[11:16] {magoo} REE nears 15 vad
[11:16] {ese} you in it mags
[11:16] {magoo} SHZ
[11:16] {magoo} hit .50 .to .97
[11:16] {Threei}  I don't know what to tell you mags
[11:17] {Threei}  tyhey climb with no setup
[11:17] {magoo} now in shz .00
[11:17] {dino}  out ctrp -.15
[11:17] {magoo} out flat
[11:18] {dino} trs\
[11:19] {magoo} boy, i spotted a good one tho SHZ
[11:20] {jfjf64} ok  mags   gj
[11:20] {jfjf64} lol
[11:20] {magoo} lol
[11:21] {magoo} well, my first trades in it were 6.80 area lol
[11:21] {jfjf64} shz
[11:21] {magoo} might bre dowen now '
[11:21] {ese} now there would be an idea for a great book vad..........how to do this without setups.......think of it "TRADING THE HAPHAZARD WAY" by Vadym Graifer........what a book what an idea don't you think?
[11:22] {magoo} "MOMO - GO GO" by magoo
[11:22] {ese} yup....theres another one
[11:23] {magoo} its goig 8.50 area
[11:26] {nemo} mos coming into support
[11:26] {dino} cpwm
[11:28] {dino} sm l .25 risky
[11:28] {Threei}  sheesh
[11:30] {magoo} really
[11:30] {magoo} ree shz hmmered
[11:31] {dino} trs sm l .75 trig
[11:51] {nemo} Off to see if I can find something to kill
[11:51] {dino}  gl
[11:55] {Threei}  double bottom candidate, REE
[11:56] {jfjf64} in
[11:56] {jfjf64} .48
[11:56] {magoo} .44
[11:57] {Threei}  I like magoo's entry 4 cents better
[11:57] {magoo} magoo faints
[11:57] {Threei}  hey, Ididn't say I like magoo
[11:57] {Threei}  only his entry
[11:57] {jfjf64} out
[11:57] {jfjf64} jf no like
[11:57] {Threei}  "Don't feel too vindicated if I happen to agree with you today. Chances are we will disagree tomorrow
[11:58] {magoo} now my feelings are hurt
[11:58] {Threei}  hey, Ididn't say I like magoogood, my goals are axchieved :)
[11:58] {Threei}  oops
[11:58] {Threei}  let me try again
[11:58] {Threei}  good, my goals are axchieved :)
[11:59] {Threei}  who else is around here with feelings for me to hurt...
06[11:59] * Threei is slanting at nemo
[12:00] {Threei}  it's junipers berries talking, mags...
[12:02] {dino} couple hours it will be vodka talking
[12:03] {Threei}  like clockwork
[12:03] {Threei}  REE I mean
[12:07] {magoo} out .62
[12:07] {magoo} ty
[12:13] {Threei}  :)
[12:13] {Threei}  see... you can perfectly profit without all those "feerings"
[12:18] {Threei}  this level is not long entry anymore
[12:19] {Threei}  don't jump in
[12:25] {jfjf64} sounds lk lots berries over there
[12:27] {dino} trs to .99
[12:35] {dino} msb sm l ave .39
[12:46] {dino} .
[12:47] {magoo} ..
[12:48] {ese} ...
[12:48] {Threei}  and who is going to sweep after you all?
[12:48] {dino} brail
[12:48] {ese} lol
[12:48] {Threei}  lpl
[12:49] {ese} still L vale.......
[12:54] {dino} out trs +.24
[13:03] {Threei}  (US) TREASURY'S $29B 7-YEAR NOTE AUCTION DRAWS 2.83%; BID-TO-COVER RATIO: 2.86 V 2.63 PRIOR AND 2.88 OVER THE LAST 10- Indirect bidders take 64% of competitive bids, with 80.1% allotted at the high - Direct bidders take 5%
[13:04] {ese} vad........have seen this post for a few years now but i'm not sure i get it......how do you tell if it's positive or negative for the market?
[13:05] {ese} what should i be looking for
[13:05] {Threei}  nemo explained it once
[13:05] {Threei}  I understood it, then forgot
[13:05] {Threei}  we will have to ask him again
[13:05] {ese} lol
[13:05] {Threei}  my memory span is not much different from that of a moth
[13:06] {ese} mine either
[13:15] {dino} finl stop -.04
[13:26] {dino}  amap sm l .50
[13:28] {RonS} ...but i thought they flew giant birds...or were they reptiles?
[13:29] {Threei}  who?
[13:29] {dino} ?
[13:29] {Threei}  Ron.. lay off those berries...
[13:29] {RonS} auto navi....that pule Cameron would never put up w/ cars
[13:30] {RonS} puke
[13:31] {dino} gfc
[13:31] {RonS} thinner than an anorexic
[13:32] {dino} can't borrow
[13:52] {dino}     .    .
[13:53] {ese} out vale .53 +.14
[13:54] {ese} NNNNNNNNNEEEEEEEEXXXXXTTTTTTTTTTAAAAAAAA!!!!!!!!!
[13:54] {Threei}  ummm
[13:55] {ese} exactly
[13:55] {dino} gj
[13:55] {ese} where the h do look in a market like this
[13:58] {dino} if tlt fills gap, maybe short
[13:58] {dino} pnra spike
[13:59] {ese} big spike no less
[14:00] {nemo} Hah!  I'm back...we did one drive...snow too deep
[14:00] {jfjf64} sd we  be  happy
[14:01] {dino} vrml spike
[14:02] {dino} too fast
[14:07] {RonS} amzn
[14:20] {dino} ceph sm l .55
[14:23] {dino} msb stopped -.25
[14:29] {RonS} hearing owen wilson died in ski accident
[14:29] {RonS} snowboard...
[14:30] {dino} bummer
[14:31] {RonS} ...and i thought i was having a bad day...got the flu
[14:31] {nemo} Dead is good
[14:31] {nemo} Half dead...not so good
[14:32] {ese} bummer........
[14:33] {ese} well.....his death didn't tank the market.......
[14:34] {RonS} sick ese...
[14:34] {RonS} but, lol
[14:35] {magoo} seriuosly, owen wilson?
[14:35] {magoo} from wedding crashers?
[14:36] {nemo} Night at the museum
[14:38] {nemo} mos is frickin robo-stock
[14:39] {RonS} Vad, ya going?  :   http://tinyurl.com/2d46erd
[14:40] {ese} L avl .54
[14:42] {Threei}  where is it, ron?
[14:42] {RonS} that Owen Wilson thing may be bs...see nothing naywhere
[14:43] {RonS} heck if i know...
[14:44] {ese} out avl .58 +.04
[14:46] {RonS} maybe not...:  http://tinyurl.com/24gt9sn
[14:47] {RonS} can't believe i'm scooping drudge...lol
[14:49] {RonS} OK, stopping with this nonsense...now the same site has the identical article for Adam Sandler
[14:49] {RonS} sheesh
[14:49] {Threei}  lol
[14:50] {magoo} WOW what a coincidence
[14:51] {magoo} SHZ
[14:51] {nemo} mos pullback
[14:53] {ese} hey boyzzza.....ya gotta figure tha apol is going to cover that gap between 40 and 50 at some point.   dino you were following colleges what say ye
[14:56] {ese} any of you see these 2 documentaries "Metal" (a Headbangers Journey) and "Rush" ( Behind The Lighted Stage)......they were done by a former student of mine
[14:56] {nemo} would like to see the "Rush" one
[14:56] {dino} gaps usually fill, just a matter of time, republicans are for the for profit colleges, obamination against them
[14:57] {ese} watched Rush last night...it was awsome.....I believe Sam is up for a grammy of some kind for doing it
[14:57] {ese} Won a Juno award for the Metal Documentary
[14:57] {nemo} what is your opinion of Neal Peart?
[14:58] {Threei}  SHZ moves on its own now
[14:58] {ese} easily the best drummer in Rock.......imo
[14:58] {magoo} .50 from my mentio
[14:58] {nemo} was always a favorite of mine
[14:58] {magoo} i took .00, out .37 SHZ
[14:59] {ese} mine too
[15:00] {nemo} Lee wasn't too shabby on the bass either, but I think either Squire or Entwistle
[15:01] {ese} Clean living family men ....all three of them
[15:03] {dino} msb rinsed
[15:03] {nemo} ahhh...Entwistle died with cocaine in his system
[15:03] {nemo} oh...Rush...
[15:03] {ese} i think thats true.......
[15:04] {ese} rush....the clean living guys
[15:04] {ese} yes
[15:04] {nemo} Well, they had a song called "Train to Bankok"  on one of their earlier albums that implied a more experimental past ;)
[15:06] {ese} hmmmmmm
[15:07] {ese} apol...now coco....what happening with the colleges....anyone know
[15:07] {ese} whats
[15:08] {Threei} Long Setup:  SHZ  .35 break
[15:08] {Threei}  if stays above .25
[15:09] {Threei}  not a scalp for me
[15:09] {Threei}  target is about 8.70 at least, possibly 9
[15:09] {Threei}  keep stop as religion
[15:10] {ese} in .35
[15:10] {Threei}  if fails, bottom is nowhere to be found
[15:10] {Threei}  1:1
[15:10] {Threei}  1/3 out
[15:10] {nemo} bid .46
[15:11] {Threei}  1:2
[15:11] {magoo} waiting .69
[15:11] {ese} out .53
[15:11] {Threei}  partial along the way
[15:11] {ese} + .20 tks vad
[15:11] {Threei}  :)
[15:12] {stewy} scalp for me ty
[15:12] {Threei}  yw
[15:12] {ese} +.18 sorry
[15:12] {Threei}  too late
[15:12] {Threei}  .20 is recorded under your name
[15:12] {Threei}  ledger, you know
[15:13] {Threei}  1:3
[15:13] {magoo} out .69 ty
[15:13] {magoo} NICEEEEEe
[15:13] {Threei}  .70 target.s hit
06[15:13] * Threei slaps magoo around a bit with a large roll of cash
06[15:13] * Threei slaps jfjf64 around a bit with a large roll of cash
[15:13] {magoo} luvin it:)
[15:13] {magoo} how about my exit?
[15:13] {Threei}  1 cent under the high :)
[15:14] {Threei}  how about the precision of the target?
[15:14] {magoo} yup
[15:14] {Threei}  severe lack of sleep hones intuition
[15:16] {ese} indeed
[15:20] {dino} osn spike
[15:21] {nemo} tck break of .00?
[15:22] {dino} .25
[15:22] {dino} none avail cyber
[15:24] {Threei}  not sure about TCK
[15:24] {RonS} out shz .80 +.45...txs 3i...
[15:24] {Threei}  SHZ goes for 9
[15:24] {Threei}  Ron :)
[15:25] {magoo} xplode thru 9
[15:26] {magoo} heres the entry chief?
[15:26] {Threei}  nah
[15:27] {Threei}  9
[15:36] {ese} you still got something in it vad........ shz
[15:36] {Threei}  risk is beyond tolerable now
[15:36] {ese} what scan did this one show up on for you
[15:37] {Threei}  don't remember... it was early in the day, then I just kept it on the screen
[15:38] {nemo} wow cree
[15:45] {jfjf64} jf misses  shz
[15:45] {jfjf64} grrrrrrrrrrrrrrr
[15:46] {jfjf64} what a costly coffee break
[15:46] {ese} auch du miya!!!!!1
[15:47] {ese} done for the day all.......catch you all tomorrow
[15:47] {jfjf64} ese
[15:47] {stewy} tk care, ese!
[15:47] {Threei}  take care ese
[15:47] {RonS} cya ese same here...
[15:47] {ese} vad tks for shz ...made for anice day ....hit it with 3k
[15:48] {stewy} now that is
[15:48] {stewy} what I
[15:48] {stewy} aspire to do
[15:48] {dino} cya es
[15:50] {dino} out ceph flat
[15:52] {Threei}  ok guys
[15:52] {Threei}  thank you aall
[15:52] {Threei}  have a good evening
[15:52] {Threei}  see you tomorrow
[15:53] {jfjf64} good night
[15:53] {stewy} good night, 31
[15:53] {dino} f'ng ceph
[15:58] {stewy} take care all
[16:00] {dino} cya
[16:01] {dino} out amap .89, +.39
[16:03] {dino} gn all, thx