Thursday, January 6, 2011

Jan 06 2011

Another "can't lose" day - every trade like clockwork, both long and short. SLW and MCP on a short side is just a gift that keeps giving. A few more names come in play now and then - NVDA,  RIMM etc.

Session Time: Thu Jan 06 00:00:00 2011
[08:05] {magoo} morning
[08:05] {nemo} yep
[08:09] {jfjf64} morni
[08:09] {jfjf64} mornin
[08:20] {nemo} seeing anything of interest mags?
[08:32] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 409K V 408KE; CONTINUING CLAIMS: 4.103M V 4.08ME- Prior Initial Jobless Claims revised higher from 388K to 391K - Prior Continuing Claims revised higher from 4.128M to 4.150M - 4 week Avg claims: 411K v 414Kprior
[08:49] {nemo} big bid .75 rimm
[08:52] {magoo} mcp short
[08:52] {magoo} today may be THE day
[08:53] {magoo} SHZ short too
[08:53] {Threei}  I love the idea
[08:53] {Threei}  timing won't be easy
[08:53] {Threei}  but worth the hunt
06[08:53] * Threei slaps magoo around a bit with a banner "Award for the best trading idea of the day"
[08:54] {magoo} also, on cnbc last nite, they all bashed mcp bad
[08:54] {magoo} said get out
[08:54] {Threei}  well, that could cause more difficulties shorting it than help
[08:54] {Threei}  trap for premature shorts
[08:54] {Threei}  and then mind-boggling drop, AFTER they get killed
[08:55] {magoo} i know, kiss of deth
[08:55] {magoo} but it and shz showed weakness yesterday
[08:55] {Threei}  yeah... let's watch for a good setup, but let's be smarter than average CNBC watcher
[08:55] {Threei}  they may simple weaken with PMs on Euro weakness
[08:55] {Threei}  look SLW, GLD
[09:00] {nemo} those .75 bids got eaten
[09:00] {nemo} dropping
[09:01] {Threei}  if it weren't premarket, I'd shirt this with no thinking at all
[09:01] {Threei}  well, who am I kidding... "no thinking" part is kind of implied anyway
[09:06] {magoo} dont want to miss them ahain, so u wathing gls. slw as shorts?
[09:06] {Threei}  SLW, yes
[09:08] {larisa} gm :)
[09:08] {Threei}  larisa :)
[09:08] {larisa} vad :)
[09:09] {RonS} John
[09:09] {RonS} Marsha
[09:09] {RonS} :)
[09:09] {Threei}  hmmm... drinking early today I see?
[09:09] {Threei}  man after my own heart
[09:09] {nemo} wtf?
[09:10] {nemo} tell beauregard to get a cup of coffee
[09:10] {RonS} i wish...need to...still have a sore throat
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:17] {dino} magoo, rare metals fund lit, maybe safer way to short
[09:19] {magoo} symbol LIT?
[09:20] {harth} mornin crew:)
[09:20] {Threei}  harth :)
[09:20] {dino} y
[09:21] {ese} morning
[09:21] {Threei}  ese :)
[09:22] {ese} lvs
[09:22] {ese} mornin vad
[09:29] {nemo} oy, rimm break?
[09:29] {Threei}  dunno
[09:29] {Threei}  it's too volatile at the open
[09:29] {nemo} aig drop
[09:31] {Threei}  see RIMM?
[09:32] {Threei}  watching MCP for short
[09:32] {Threei}  half lot
[09:32] {Threei}  59 break
[09:32] {Threei}  if stays under .15
[09:32] {Threei}  not yet
[09:33] {Threei}  way too volatile
[09:33] {Threei}  got away
[09:34] {magoo} crap
[09:34] {Threei} Short Setup: SLW  .35 break
[09:35] {Threei}  1:1
[09:35] {Threei}  1:2
[09:35] {jfjf64} beauty
[09:35] {jfjf64} 3i  eaten  his  wheaties
[09:35] {magoo} reading that well vad ty
[09:35] {jfjf64} lv it
[09:37] {Threei} Short Setup: SHZ  .90 break
[09:37] {Threei}  if stays under 10
[09:37] {magoo} its weak
[09:37] {magoo} range yesterday between 10.33 - 9.90
[09:39] {Threei}  SLW is bottomless
[09:40] {jfjf64} chk
[09:41] {jfjf64} .29
[09:41] {jfjf64} break
[09:41] {jfjf64} hold .19
[09:41] {dino} .
[09:42] {Threei}  SHZ invalidated
[09:42] {Threei}  CHK is two sided setup, jf
[09:42] {jfjf64} which  ya  prefer
[09:43] {Threei}  short
[09:43] {jfjf64} holdin
[09:43] {jfjf64} nicely
[09:43] {jfjf64} in
[09:43] {magoo} AIG vad look
[09:43] {jfjf64} short
[09:43] {jfjf64} lol
[09:43] {jfjf64} .18
[09:44] {Threei}  need pullback on AIG
[09:44] {magoo} or short if IF mkts weak
[09:45] {nemo} X
[09:47] {magoo} theres the AIG sghort
[09:47] {magoo} naz green
[09:48] {jfjf64} no go  chk  short
[09:48] {dino} fdo sm l .84
[09:48] {Threei}  still holding .30
[09:49] {jfjf64} yes
[09:49] {Threei}  not anymore
[09:49] {jfjf64} lol
[09:49] {jfjf64} took .28
[09:50] {nemo} mlm dino
[09:51] {ese} lvs straight dn then straight up
[09:51] {dino} thx
[09:52] {RonS} mlm...was there not a change in govt contracing rules that materially adversely impacts mlm and somebody else?
[09:53] {dino} us govt rule change mlm
[09:53] {RonS} guess not...Materials weighed on the S&P 500 after UBS cut its stock-investment ratings on two construction aggregate companies to "neutral" from "buy," noting the stocks' strong performance in the fourth quarter even as the political appetite for road spending grew more uncertain. Vulcan Materials (VMC:$41.1699,$-0.0901,-0.22%) fell 5.2%, while Martin Mariet
[09:53] {dino} opps sorry ron
[09:54] {dino} gap around82.74
[09:55] {Threei} Short Setup: MCP  59 break half lot
[09:56] {Threei}  if stays under .20
[09:56] {larisa} I have it 58 ?
[09:56] {nemo} huh?
[09:56] {Threei}  sheesh
[09:56] {Threei}  you guys
[09:56] {jfjf64} ty larisa
[09:56] {dino} fdo stopped -.32
[09:57] {Threei}  1:1
[09:58] {nemo} I thought it invalidated at .21
[09:58] {magoo} mcp, wish it would have 7 point down day lol
[09:58] {Threei}  1:2
[09:58] {larisa} lol , with this thing just close eyes and push :)
[09:59] {Threei}  it was right at .21 at the moment of the call
[09:59] {magoo} in that call vad
[09:59] {Threei}  held below ever since
[09:59] {Threei}  and what does 1 cent matter on such volatile stock?
[09:59] {Threei}  out in full
[09:59] {Threei}  .33
[10:00] {Threei}  +.65
[10:00] {magoo} still in
[10:01] {nemo} chkp
[10:01] {Threei}  (US) US Treasury Sec Geithner: US would default if the debt ceiling is not raised; could be 'catastrophic'
[10:01] {magoo} thats not good news
[10:02] {Threei}  as if they dare not to raise it
[10:05] {magoo} VRX VRX
[10:06] {dino} raises guidance
[10:06] {Threei}  ugh... missed another SLW short
[10:07] {dino} vrx sm s .15
[10:09] {ese} mags any thoughts on rimm
[10:09] {nemo} he hates it?
[10:09] {ese} 60 lookin like support to me
[10:09] {Threei}  lol
[10:09] {magoo} havent even had chart up on it in new year, i hate rimm
[10:09] {magoo} lol
[10:09] {ese} too funny
[10:10] {ese} point well taken
[10:10] {magoo} im looking short at everything
[10:10] {magoo} still short MCO from 59
[10:10] {magoo} oops 58 lol
[10:10] {nemo} i's near where rimm broke yesterday
[10:10] {magoo} but mkts look weak
[10:11] {magoo} SHZ looks short
[10:11] {Threei}  you reentered MCP or sat through that bounce??
[10:11] {Threei} Short Setup: SLW  .50 break
[10:11] {magoo} partaled and sat rest
[10:11] {magoo} look SHZ
[10:12] {magoo} out .84 MCP
[10:12] {magoo} ty vad
[10:13] {Threei}  welcome... I am not delighted by this way to manage the trade but whatever works
[10:13] {dino} cov vrx .39, +.76, ty magoo
[10:13] {magoo} i know, but i was in/out it all dayyester, have a good feel on it
[10:14] {magoo} its going lower, but need a bounce
[10:14] {Threei}  that's fine, but if you exited on trailing stop and rentered into bounce, I'd applaud
[10:14] {Threei}  SLW 1:1
[10:14] {RonS} Obama Set to Retool White House Team for Second Half of Term
[10:15] {magoo} i thought a partial would be ok in your world
[10:15] {Threei}  new tools instead of old tools?
[10:15] {dino} he needs to re-tool hois attitude
[10:15] {RonS} out w/ the old tools, in wi/ new tools
[10:15] {Threei}  missing the point mags
[10:15] {Threei}  partial sure,
[10:15] {dino} msb, mt blood
[10:15] {Threei}  but then for the balance, not to trail stop and sit thro8ugh the bounce into negative territory?
[10:16] {dino} tsco too
[10:16] {Threei}  no way I'd do that
[10:16] {magoo}
[10:16] {Threei}  sure
[10:16] {Threei}  just because, or as a peace offering?
[10:16] {magoo} just because
[10:17] {Threei}  even better
[10:17] {nemo} rimm db?
[10:17] {dino} vrx
[10:18] {Threei}  doesn't look right, RIMM
[10:18] {magoo} like general patton said, tell that russian SOB i not have drink with him...russian general replies "u are a SOB too" patton replies " well ill drink one SOB to another"
[10:18] {Threei}  lower lows on increasing volume
[10:19] {nemo} high volume hammper
[10:19] {nemo} hammer
[10:19] {nemo} bottom might be close
[10:19] {Threei}  .05 break now RIMM
[10:19] {Threei}  two hammers
[10:20] {Threei}  one of them is extreme volume spike
[10:20] {nemo} turning into a rolling pin
[10:20] {dino} tsco sm l .50
[10:20] {Threei}  invalidated if loses .90
[10:20] {Threei}  so far so good
[10:20] {nemo} short if lose .90?
[10:20] {Threei}  grrrr SHZ
[10:21] {Threei}  darn thing totally got away
[10:21] {Threei}  not sure about RIMM short
[10:21] {Threei}  maybe if consoilidates for a while
[10:21] {nemo} dino mlm
[10:22] {Threei}  that .90 short trigger SHZ,,, never got reestablished, just went through with no setup
[10:22] {dino} see it
[10:22] {Threei}  RIMM
[10:22] {Threei}  ready
[10:22] {nemo} too fast
[10:22] {Threei}  nt at all
[10:23] {nemo} shot through .05
[10:23] {Threei}  you are not watching them at the moment of trigger?
[10:23] {Threei}  1:1
[10:23] {dino} mt sm l .15
[10:24] {magoo} vad, u looking higher RIMM?in
[10:24] {Threei}  dunno, I took scalp
[10:24] {nemo} .80 area mags
[10:25] {Threei}  it's a nice clean setup, but this stock and this move is not the theme of the day to me
[10:25] {magoo} i waiting .34
[10:25] {nemo} MOS long .50 break
[10:25] {nemo} ?
[10:25] {Threei}  see RIMM?
[10:25] {magoo} F'in RIMM
[10:25] {nemo} wait
[10:25] {Threei}  it's just not worth it
[10:25] {dino} i hate rimm and appl
[10:26] {magoo} why ive left it
[10:26] {nemo} it followed spy look
[10:26] {dino} rinse machines
[10:26] {Threei}  MOS... I think so
[10:26] {ese} L lvs .97
[10:26] {ese} 1/2
[10:26] {magoo} 8 days ago SHZ was 4 bux
[10:26] {Threei}  my view is, it;'s fine for this kind of setup as it formed at .05, but it's not something to stick around
[10:27] {Threei}  take the profit
[10:27] {Threei}  let it be
[10:27] {Threei}  there are other worlds
[10:27] {magoo} agree
[10:28] {dino} "better worlds"
[10:28] {Threei}  wait... I need breakfast first
[10:28] {Threei}  MOS invalidated
[10:29] {magoo} nemo RIMM target still looks good to .37-.44
[10:29] {magoo} nOPE
[10:30] {magoo} scroll up, i wished MCP down 7 today, its down 5
[10:31] {magoo} 7 coming
[10:31] {dino} you need a rocking horse
[10:31] {jfjf64} aeo
[10:31] {jfjf64} rollin
[10:32] {dino} :D
[10:33] {dino} idcc spike
[10:34] {magoo} god dammit MCP, i called this premkt
[10:34] {Threei}  Euro vs US Dollar Euro moves below 1.3060 level for fresh 5-week lows- The pair tested 1.2967 in late Nov 2010
[10:36] {ese} lvs stop to break even
[10:36] {ese} .97
[10:38] {jfjf64} tjx
[10:38] {jfjf64} h/s
[10:38] {magoo} SHZ no longer avail short
[10:38] {dino} sm s idcc .01
[10:39] {dino} msb sm l .15
[10:41] {ese} L another 1/2 lvs avg .06
[10:41] {ese} stop.00
[10:43] {Threei}  US) Senator Schumer (D-NY): House GOP proposals on deficit will be blocked by the Senate democrats; there must be a bipartisan effort to bring down deficit
[10:43] {magoo} wish we get decent bounce MCP to short
[10:44] {jfjf64} 3i
[10:44] {jfjf64} tjx  s .30
[10:44] {magoo} 3ii
[10:44] {jfjf64} ??
[10:44] {magoo} ???
[10:44] {dino}  ????
[10:45] {Threei}  don't like it
[10:47] {jfjf64} ty
[10:48] {magoo} u guys think im nuts, but its 7 down
[10:48] {magoo} tHATS WHAT I DO
[10:49] {magoo} SHZ 8.60 coming
[10:49] {dino} idcc bstop to .80
[10:50] {dino} tsco to flat
[10:50] {nemo} rimm break .30?
[10:50] {Threei}  nah
[10:50] {magoo} better buy on a pllbk rimm
[10:51] {magoo} i do think .44 then .64 coming RIMM
[10:52] {dino} tsco out flat
[10:52] {magoo} WAIT, ugly futes here tho
[10:52] {dino} to .71 idcc
[10:53] {Threei}  new lows Euro
[10:53] {nemo} mlm just keeps going
[10:54] {dino} bottom nemo/
[10:54] {dino} ?
[10:54] {nemo} S3 is .15 below that around 81 imsp
[10:54] {nemo} imso
[10:55] {ese} (CA) Fitch calls Canadian banking industry stable for 2011- Sees credit costs as manageable, with positive retail loan growth (related: RY NA.CA BMO.CA BNS TD CM )
[10:55] {magoo} SHZ
[10:55] {ese} duh!
[10:55] {magoo} only like it short
[10:57] {dino} to .61  idcc
[10:57] {ese} whats the deal with the mrkt....did i miss some news
[10:57] {magoo} futes ugly, im predominently short bia today
[10:57] {dino} ndx positive
[10:58] {ese} sp took this big tank
[10:58] {magoo} futes are rolling over
[10:58] {ese} dn .20
[10:58] {Threei}  remember I was talking yesterday about troubles distiguishing the main trend?
[10:58] {Threei}  gree day, red day, green day
[10:59] {magoo} vad, see if SHZ avail short now, i cant
[11:00] {Threei}  no
[11:00] {dino} to .48 idcc
[11:00] {magoo} ty
[11:00] {Threei}  just keep in mind, it can change
[11:01] {dino} tighten
[11:01] {dino} to .43
[11:02] {dino} cov .42, +.59 idcc
[11:03] {ese} lvs stopped .07 +.01
[11:03] {ese} turd!
[11:03] {magoo} vad, RIMM holds well, your read tho..keep eye on it
[11:03] {ese} wait a hate rimm
[11:04] {magoo} but thats why i ewant vad calling it
[11:05] {magoo} mkts coming apart here
[11:05] {dino} sgg/sugar blood
[11:06] {ese} dn dn dn dn......"drummer keep it goin"  "right on time" "goin" goin"     The Temptations - tune is called "Superstar"
[11:06] {Threei}  why would you want me to call a stock I don't have a read on
[11:06] {dino} mt stopped -.26
[11:06] {Threei}  when I had, I made a call
[11:07] {dino} where do you guys find futures? symbol?
[11:07] {magoo} i just want u to keep eye on it, u got 3...whats the problem lol
[11:08] {Threei}  MCP becopmes a bounce canbdidate
[11:09] {Threei}  read this
[11:09] {Threei}  EU provides additional recommendations on bank failures - financial press- Expects lenders and shareholders to provide more to bailed out banks - Rules implemented should be forward looking, apply to new bonds and rolled debt - Regulations should provide the power to adjust bank business practices, management; lead to creation of a national bailout fund for banks
[11:09] {Threei}  can uyou believe it?
[11:10] {magoo} look AIG
[11:10] {magoo} yesterdayi was saying it usually red bars down hard
[11:12] {magoo} i hate that stock too
[11:19] {nemo} bottom in
[11:21] {dino} mnro sm l .00 trig
[11:24] {dino} in
[11:25] {dino} mt sm l .84
[11:25] {dino} vrx sm s .35
[11:27] {dino} stop -.30 vrx
[11:27] {nemo} would think it would test the day's highs
[11:28] {dino} forgotten order, yellow hit screen, wtf was that
[11:30] {ese} did you get stopped out on that dino....vrx
[11:30] {dino} yes -.30
[11:30] {ese} what.......i don't see anything on my screen
[11:30] {dino} first time made .76
[11:31] {dino} above posted'
[11:31] {dino} how high did it go nemo, .80?
[11:32] {nemo} .83
[11:32] {dino} ty
[11:32] {ese} L tbt .97
[11:34] {dino} tsco thoughts nemo, ese?
[11:34] {dino} msb?
[11:35] {ese} i'd be waitin abit
[11:36] {ese} what was the news
[11:37] {nemo} tsco  44.10  43.10 42.55
[11:39] {nemo} here a possibility too
[11:42] {nemo} msb  .95 is S3 support 36.49 34.20
[11:43] {dino} thx
[11:47] {nemo} rimm momo again
[11:48] {dino} sgg sm l .85 trig
[11:54] {dino} scratch it
[11:56] {dino} can't get thru .85
[11:59] {nemo} CMA long .72?
[12:00] {nemo} increasing volume of course
[12:00] {RonS} Romanian witches use spells to protest new taxes
[12:01] {magoo} COCO
[12:02] {dino} lol, good luck w/that
[12:03] {RonS} magoo? :
[12:04] {Threei}  I thought it was nemo
[12:04] {nemo} strange stuff going on in the world
[12:05] {Threei}  well, in this case it's just idiocy of stupid pranksters
[12:07] {nemo} tef short .00 break?
[12:07] {nemo} lotta volume here
[12:09] {Threei}  not sure
[12:09] {nemo} already broke
[12:09] {Threei}  pace slowed down everywhere
[12:09] {Threei}  even on MCP
[12:10] {nemo} lunch time
[12:10] {dino} yhoo sm l .1`7 buyout rumors
[12:10] {Threei}  by MSFT again?
[12:10] {dino} yes
[12:11] {dino} swinging it
[12:25] {Threei}  it's one of those neverending sagas
[12:25] {Threei}  if I fall asleep for 100 years, first headline I expect to read upon awakening is "MSFT makes 147th bid for YHOO"
[12:26] {dino} perhaps
[12:26] {nemo} veco .30 break
[12:26] {ese} ibn dino
[12:27] {ese} L ibn .00 1/2
[12:28] {dino} hmmm
[12:28] {ese} stop .93
[12:29] {ese} lets see what happens
[12:31] {ese} stopped
[12:31] {dino} down hard over 5 dats
[12:31] {dino} days
[12:31] {ese} ya
[12:33] {nemo} X here vad?
[12:33] {dino} sgg
[12:33] {Threei}  just looked at it too
[12:33] {Threei}  most likely, yes
[12:33] {Threei}  .35 break
[12:34] {Threei}  stop under .25
[12:40] {Threei}  nah
[12:42] {nemo} .09 next likely spot
[12:45] {Threei}  rinse
[12:45] {nemo} in .31
[12:45] {Threei}  1:1 then
[12:45] {Threei}  good entry
[12:46] {nemo} dino lucy
[12:46] {nemo} lucky
[12:47] {magoo} OY
[12:47] {Threei}  lol
[12:47] {dino} lol
[12:48] {nemo} 1/2 out .50
[12:48] {dino} gj
06[12:48] * Threei slaps nemo around a bit with a large bag of dino's luck, packaged and shipped by Magoo Packaging Inc
[12:49] {nemo} stop to .34
[12:49] {Threei}  don't you love it - he is in trade, too busy to fight back
[12:49] {Threei}  perfect moment to strike
[12:50] {nemo} setting up another break here
[12:51] {magoo} somehow me thinks he seek revenge
[12:54] {Threei}  yeah... next time that river wioll turn fluorescent yellow
[13:01] {magoo} i could be wrong, but i dont see the dip buyers saving today
[13:02] {Threei}  I can't tell one way or another yet
[13:02] {dino} i don't think we're down very much
[13:02] {Threei}  -33 dow
[13:02] {dino} big deal
[13:02] {Threei}  3.3 points S&P
[13:03] {Threei}  nah
[13:03] {dino} give me 150 and 15 then we are down imo
[13:05] {magoo} im thinking 100 down
[13:05] {nemo} out 2nd half .34
[13:06] {Threei}  good maangement and discipline
[13:07] {dino} sm l sgg .50 risky gappy
[13:07] {nemo} another Rorschach test
[13:07] {dino} lol
[13:08] {nemo} Watchmen-great movie...btw
[13:11] {magoo} MCP appr lows
[13:12] {magoo} big seller smashed 54 bids
[13:13] {dino} yhoo to flat
[13:19] {dino} sgg stopped -.35
[13:31] {dino} artc
[13:31] {ese} L mck .90
[13:34] {ese} it's got the right news it should go up
[13:38] {ese} out .96 +.06
[13:39] {ese} i'm done for the day.......i've made $6.27 today......i'll see ya tomorrow it's choir time
[13:39] {Threei}  take care ese
[13:40] {ese} cya vad
[13:40] {Threei}  no one pays attention to me...
[13:40] {Threei}  not ese surely
[13:40] {ese}  i do
[13:40] {Threei}  my calls made much more :)
[13:40] {Threei}  but don't try to make me feel better, I am very comfortable in my suffering
[13:41] {ese} have messin with tbt and tlt  in out in out  etc etc....trying something out the last couple of days
[13:41] {ese} no luck really.......give it one more shot tomorrow
[13:41] {ese} cya
[13:44] {dino} cya es
[13:45] {dino} darn dialup
[13:46] {Threei}  lol
[13:48] {Threei}  doesn't look like market is going to make ay new lows anytime soon
[13:48] {Threei}  I would try to scalp pullbacks on a long side
[13:48] {Threei}  no breakouts
[13:50] {magoo} 3 pm collaspe
[13:52] {magoo} look NVDa volume today
[13:55] {_kschun} nvda on resistance now (weekly)
[13:57] {magoo} MON hammered
[13:59] {Threei}  SLW
[13:59] {Threei}  still looks like short to me
[14:00] {_kschun} URBN strong again
[14:03] {Threei} Short Setup: MON  .90 break half lot
[14:03] {Threei}  invalidated, but idea is still here
[14:04] {Threei}  loking for different trigger
[14:04] {Threei}  71 break if stays under .10
[14:04] {nemo} 200 ma is .16 and vwap is .18
[14:06] {magoo} in
[14:07] {magoo} waitin .78
[14:08] {Threei}  mass fish kill in Maryland now
[14:08] {Threei}  wtf is happening
[14:08] {nemo} 2012 on the way
[14:09] {Threei}  next thing we know, dolphins left earth saying So long and thanks for the fish
[14:12] {_kschun} MON trade: if after close there is some short time would like to ask some things about this call if o.k. for you vad?
[14:13] {Threei}  ask now
[14:13] {magoo} stopped out
[14:14] {Threei}  it invalidated before triggering
[14:14] {_kschun} easy. for me this stock really doesnt look like a short. up move on strong volume, down moves on light volume. what is your idea behind it? just asking, no offend!
[14:14] {Threei}  not sure why you took it
[14:14] {Threei}  downtrending stock, bounce after 50 cents selloff
[14:15] {Threei}  simply looking to short the bounce
[14:15] {magoo} oh crap, thoughtit was .00 break (usually my trigger)
[14:15] {magoo} my bad
[14:15] {Threei}  yes but:
[14:15] {Threei}  14:04] {Threei} 71 break if stays under .10
[14:15] {Threei}  if went to .17
[14:15] {Threei}  which is considerable above .10
[14:16] {Threei}  you could have modified it to:
[14:16] {Threei}  .10 break if stays under .20
[14:16] {Threei}  but then you had 20 cents, 1:2
[14:16] {Threei}  and would have taken the profit
[14:18] {RonS} rimm l w/ 25 break?
[14:18] {Threei}  yikes
[14:18] {Threei}  no way
[14:19] {_kschun} o.k. thanks!
[14:19] {_kschun} wanted to go long under .60 but just missed the sucker...
[14:19] {_kschun} oh sorry for world, please excuse!
[14:20] {_kschun} word...
[14:22] {magoo} next call just say"magoo get in now" ok
[14:24] {_kschun} :-)
[14:25] {Threei} Short Setup: SLW  .90 break
[14:25] {_kschun} trying little COH for possible swing
[14:26] {magoo} say when vad :)
[14:26] {Threei}  lol
[14:26] {Threei}  hen it breaks .90 :)
[14:26] {Threei}  when
[14:27] {Threei}  2 explosions in Maryland givt buildings
[14:27] {Threei}  govt
[14:27] {RonS} ...the fish tanks?
[14:28] {Threei}  that 2012 may turn a challenge to reach, before it becomesd a challenge to survivce, lol
[14:28] {Threei}  RIMM exploded too
[14:30] {RonS} 'jus sittin around, feeling like jf...
[14:33] {Threei}  hit 1;1
[14:34] {RonS} ...hearing Omumble on TV
[14:34] {Threei}  yes
[14:35] {Threei}  announicing daley as chief of staff
[14:35] {Threei}  mags, you are aware that it's time to cover at least half SLW, right?
[14:35] {magoo} OH SH#T..ty
[14:35] {Threei}  don't want you to say later "you didn't tell me when to cover"
[14:35] {Threei}  lol
[14:36] {magoo} out .76
[14:36] {magoo} now thats how to run a trade room
[14:36] {magoo} "magoo get in NOW...magoo get out NOWWWWWW"
[14:40] {magoo} nvda sh loss .00
[14:40] {magoo} vad opinion?
[14:40] {Threei}  I think so
[14:42] {nemo} seller stepping down
[14:47] {Threei}  1;1
[14:47] {Threei}  like clockwork
[14:47] {Threei}  magoo, cover NVDA
[14:48] {magoo} ok
[14:48] {magoo} like this LOL
[14:48] {_kschun} :-)
[14:50] {nemo} veco short vad?
06[14:50] * Threei slaps magoo around a bit with a larege banner saying "Koostomer's satistfaktion is our task #1!"
[14:50] {Threei}  hmmm
[14:50] {Threei}  no idea
[14:50] {Threei}  chart's right but this one is too thin for my taste
[14:50] {nemo} veco short dino?
[14:51] {Threei}  NVDA 1:2
[14:51] {dino} break of .75 maybe
[14:51] {Threei}  magoo, cover second part
[14:51] {magoo} out
[14:51] {nemo} I was looing at .90 gonve for me
[14:51] {magoo} ty
[14:51] {nemo} gone
[14:52] {Threei}  and sorry for misspelling satisfaktion, it should read satisphakshion
[14:54] {_kschun} GREAT call in SLW man!
[14:56] {dino} tfm drop
[14:57] {_kschun} what was idea behind SLW, only technical (daily yelling for a short :-) or also news related?
[14:59] {Threei}  you need to study our basic setups
[14:59] {Threei}  that was what we call DBI
[15:00] {dino} yeah, and magoo has tb (two bellies)
[15:00] {_kschun} o.k. will be done maestro :-)
[15:00] {_kschun} :-) dino :-)
[15:01] {Threei}  GS
[15:01] {Threei}  The Goldman Sachs Group Inc ACA Financial Guaranty sues Goldman Sachs for fraud- ACA Financial Guaranty Corporation (ACA), a monoline bond insurance company now operating in run off, filed suit today against Goldman Sachs & Co. (Goldman Sachs) for fraud and unjust enrichment in connection with a synthetic collateralized debt obligation (CDO) called ABACUS 2007-AC1 (ABACUS), which Goldman Sachs developed and sold on behalf of its hedge fund client Paulson & Co. Inc. (Paulson) in 2007. ACA was misled by Goldman's fraudulent activities and is seeking $30 million in compensatory and $90 million in punitive damages
[15:03] {_kschun} long some spy
[15:03] {_kschun} .22, hold above .20, first part target .32
[15:04] {_kschun} out if .25 holding
[15:10] {_kschun} GS worth a short vad?
[15:10] {Threei}  nah
[15:10] {Threei}  not on news, anyway
[15:11] {Threei}  didn't react at all
[15:11] {_kschun} o.k. thanks
[15:11] {RonS} dino, struggling w/ reason(s) for the msb selloff...
[15:12] {Threei}  dead birds in Sweden
[15:12] {_kschun} trying a little GS, stop over .50
[15:12] {Threei}  wthat the deuce?
[15:12] {_kschun} oh not the birdies...
[15:13] {dino} same ron
[15:13] {_kschun} GS: probably gona say to me after the trade: why didn't I listen to the chief... :-)
[15:13] {Threei}  MSB says not aware of any developments
[15:14] {dino} -21 points since mid december
[15:14] {magoo} mcp vad lok at 3 volume bars on sell
[15:15] {_kschun} some bid taking in GS
[15:16] {Threei}  sorry mags, no read
[15:26] {_kschun} brokers look weak, etrade on lows, others reversing instead of IB
[15:26] {dino} mt stopped .89, +.05
[15:29] {dino} mnro stop is .94
[15:33] {nemo} gotta' go see you tomorrow
[15:34] {Threei}  take care nemo
[15:34] {_kschun} o.k. great eve go you
[15:34] {dino} cya nemo
[15:34] {dino} out mnro -.07
[15:36] {magoo} bye nemo
[15:37] {magoo} dial up
[15:38] {_kschun} trying some AMTD
[15:45] {_kschun} out second half on entry
[15:46] {_kschun} trying some BBBY, maybe hold some for a swing
[15:47] {_kschun} in front of heavy resistance, very, very tight stop. must take out .80 until close or gona trow it
[15:54] {Threei}  (US) CFTC to vote on position limits on Jan 13th
[15:54] {Threei}  this will be interesting
[15:55] {_kschun} vad what do you think on a long swing BBBY
[15:55] {_kschun} ?
[15:55] {Threei}  I see absolutely no reason for hat, ither way, long or short
[15:56] {Threei}  look... there is a methodology under our trading
[15:56] {Threei}  certain setups
[15:56] {Threei}  there is a setup - we yrade it
[15:56] {Threei}  trade
[15:56] {Threei}  no setup - we don't think, guess and gamble
[15:56] {_kschun} o.k. thanks.
[15:56] {Threei}  what is the reason for BBY swing?
[15:56] {Threei}  it retreated from highs on daily,
[15:57] {Threei}  hit 20 MA
[15:57] {_kschun} pulling back to moving average, hammer forming means bids holding.
[15:57] {Threei}  yes
[15:57] {Threei}  there is another MA below,
[15:57] {Threei}  there is lower BB below,
[15:57] {_kschun} however don't like the volume price relation too much, could be better
[15:57] {_kschun} :-)
[15:57] {Threei}  what makes you think this partiocular one is what it's goling to bounce from?
[15:57] {Threei}  how many stocks drop all the way to lower BB before stabilizing?
[15:58] {Threei}  why not this one?
[15:58] {Threei}  BB is at 46.37 now
[15:59] {Threei}  there is also gap to close, 48.20
[15:59] {Threei}  50 MA at 46
[16:00] {Threei}  out of all this crap, how do you pick this 20MA as the most sugnificant?
[16:00] {magoo} ty all
[16:01] {magoo} good nite
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good night, see you tomorrow
[16:01] {_kschun} O.K. I just explain you my swing setups: pull back on lower volume to ma, holding above ma. strong sector action.
[16:01] {_kschun} closing on highs and lots of other things I am looking at
[16:01] {_kschun} but I agree on all your concerns.
[16:01] {Threei}  it all well and nice but it's not my setup
[16:02] {dino}  thx all, gn
[16:02] {_kschun} o.k. no prob. like this setup because it's low risk for swings.
[16:02] {jfjf64} gn  all
[16:02] {_kschun} however like the way you are thinking.
[16:02] {_kschun} night all, thank you very much vad!
[16:02] {dino} vrx