Thursday, February 10, 2011

Feb 10 2011

Not very active or readable afternoon, but morning was good enough to make a day worth waking up.

[08:02] {magoo{} morning
[08:30] {magoo{} .
[08:31] {Threei{}  yawn
[08:31] {Threei{}  is it Earth?
[08:32] {magoo{} yup
[08:32] {Threei{}  hello Earth                                                                                
[08:34] {Threei{}  *(US) INITIAL JOBLESS CLAIMS: 383K V 410KE (lowest since July 2008); CONTINUING CLAIMS: 3.888M V 3.9ME- Prior Initial Jobless Claims revised higher from 415K to 419K - Prior Continuing Claims revised higher from 3.925M to 3.935M - 4 week Avg claims: 415.5K v 429K
[08:41] {magoo{} todays thesis-drop at open, dip buyers emerge, mini crash at 2 pm?
[08:41] {nemo{} where's the PPT?
[08:42] {magoo{} nah, we are at highs
[08:42] {magoo{} dow made 8 green straight
[08:43] {magoo{} yesterday closed green
[08:54] {magoo{} EZCH news
[08:54] {Threei{}  yes - they decided to change the symbol lest it sounds like sneeze
[08:55] {Threei{}  well, and reported earnings
[08:55] {Threei{}  EZchip Semi Reports Q4 adj $0.31 v $0.29e, R$17.1M v $17Me- CEO: Looking ahead, we believe we have the products, customers and leading market position to continue to grow our business in 2011 and beyond. In the short term, we expect to see a single-digit decline in revenues in the first quarter of 2011 compared to the first quarter of 2010, as we see inventory adjustments from several customers. We believe that growth will resume in the second quarter of 2011, and increase significantly in the second half of 2011 when the NP-3 based systems continue to ramp and the NP-4 based systems enter production."
[08:58] {RonS{} gm all...SQNM...16.5 mil sh short, up on Down's pub
[08:58] {Threei{}  Ron :)
[08:59] {dino{} gm all
[08:59] {_YEW1118{} gm
[08:59] {Threei{}  dino, yew :)
[09:13] {ScottM{} Good morning!
[09:14] {Threei{}  scott :)
[09:15] {magoo{} vad keep one eye on akam, and im thinking short
[09:15] {magoo{} ezch
[09:15] {magoo{} ezch
[09:16] {magoo{} dammit
[09:16] {magoo{} wrong windoew
[09:16] {Threei{}  I will but do remember how incredibly treacherous AKAM can be even on normal days
[09:17] {Threei{}  and today its colatility is going to be triple of that
[09:17] {magoo{} big risk...big reward
[09:17] {magoo{} just get direction right
[09:18] {magoo{} thats what we pay u for :)
[09:18] {magoo{} right nemo?
[09:18] {Threei{}  I know this is what you went for but I still can't help myself:
06[09:18] * Threei slaps magoo around a bit with a large trout
[09:21] {nemo{} looks like about one glass left in the bottle, should I finish it?
[09:22] {Threei{}  I don't understand how it could have left in there,
[09:22] {Threei{}  and even less do I understand why this question even arises in your mind
[09:23] {nemo{} bottle is sitting on the desk
[09:24] {nemo{} dad showed up
[09:25] {dino{} cool
[09:29] {nemo{} slw might be a short
[09:30] {jfjf64{} mornin
[09:30] {Threei{}  jf :)
[09:31] {nemo{} wow akam
[09:31] {nemo{} you in Mags?
[09:31] {Threei{}  one more leg down and bounce
[09:31] {jfjf64{} ?
[09:31] {magoo{} no. and was thinking short dollar higher
[09:32] {nemo{} yeah I was wathcing 42 area
[09:32] {Threei{}  about 40.30 I think
[09:32] {dino{} eqix wants up
[09:33] {Threei{} Short Setup: SLW  .90 break
[09:33] {Threei{}  if stays under 34
[09:33] {dino{} sm l .70
[09:34] {nemo{} doji .01
[09:34] {nemo{} .04 offer
[09:34] {nemo{} .95 break?
[09:34] {Threei{}  34 even
[09:34] {Threei{}  if stays under .05
[09:35] {ese{} gm
[09:35] {Threei{}  ese :)
[09:36] {Threei{} Short Setup: SLW  34 break
[09:36] {Threei{}  if stays under 34.05
[09:36] {Threei{}  uhhu
[09:36] {nemo{} hahahah
[09:36] {nemo{} market rallying
[09:37] {nemo{} slw yesterday's low
[09:37] {dino{} out eqix .82, +2.12
[09:37] {nemo{} go home dino
[09:38] {Threei{}  lol
[09:38] {Threei{}  wtg
[09:38] {ScottM{} wow!
[09:38] {dino{} lol, ty
[09:38] {nemo{} Lucky right?
[09:39] {dino{} a bit
[09:39] {dino{} still going up
[09:40] {Threei{} Short Setup: X  .30 break half lot
[09:41] {Threei{}  if stays under .40
[09:42] {Threei{} Short Setup: SLW  .20 break
[09:42] {Threei{}  if stays under .30
[09:44] {Threei{}  target is about 33.90 if works
[09:44] {Threei{}  1:1
[09:45] {Threei{}  stop to .25
[09:46] {Threei{}  .21 now
[09:47] {jfjf64{} comon  34..00
[09:47] {jfjf64{} yeahhhhhhhhhhh
[09:47] {Threei{}  target hit
[09:47] {jfjf64{} nice
[09:47] {Threei{}  in one big swoop
[09:47] {Threei{}  nice rug pull
[09:48] {ScottM{} beautiful Vad... missed it, but was pretty to watch
[09:48] {Threei{}  it gave ample chance for entry...
[09:48] {Threei{}  and don't call me beautiful
[09:48] {ScottM{} I know
[09:48] {Threei{}  look at X
[09:49] {Threei{}  should have simply move new entry to the next level, .40
[09:49] {Threei{}  got distracted by SLW
[09:49] {Threei{}  SLW at bounce point
[09:49] {Threei{}  .85 break
[09:49] {nemo{} x fcx tck iwm spy all coughing up the furball
[09:49] {Threei{}  if holding .80
[09:50] {Threei{}  5 cents ranges from here
[09:50] {Threei{}  .80 break if holding .75
[09:50] {Threei{}  etc
[09:50] {nemo{} spy gonna close gap
[09:50] {dino{} yes
[09:51] {dino{} i have 1210 and then 1286
[09:51] {dino{} 1310 i mean
[09:51] {nemo{} wow
[09:51] {dino{} vocs luv
[09:52] {jfjf64{} in .76
[09:52] {nemo{} I've got 1308
[09:52] {Threei{}  me too
[09:52] {jfjf64{} holddddddddddddddddd
[09:52] {Threei{}  nope
[09:52] {Threei{}  out
[09:53] {jfjf64{} tight  stop
[09:53] {jfjf64{} all day
[09:56] {Threei{} Long Setup:  X  .90 break if holding .80
[09:56] {nemo{} that was quick
[09:56] {Threei{}  yeah
[09:56] {Threei{}  1:1 but...
[09:56] {dino{} aeis l .00
[09:56] {nemo{} without me
[10:02] {Threei{}  IMF head Strauss Kahn: Must reform the worldwide monetary system in order to help the recovery and help prevent crises in the future
[10:02] {Threei{}  yes... I suggest seashells
[10:03] {dino{} idiots
[10:03] {Threei{}  reading next comment, I think you just insulted all the idiots
[10:03] {Threei{}  - Adding emerging market currencies (including the Chinese Yuan) to the SDRs would be of assistance; yet there could be technical challenges associated with adding the Yuan
[10:04] {Threei{}  why on earth would one to do that
[10:04] {dino{} motr sm l .35
[10:05] {RonS{} technical challenges = new words for communists?
[10:05] {Threei{}  lol
[10:05] {dino{} don't worry, usa will not go along and give up its currency
[10:06] {dino{} you are doomed once that happens, just ask euro members
[10:06] {Threei{}  well, imbeciles when faced with consequences of a bad decision, push for more of the same
[10:06] {Threei{}  like traders averaging down on a bad trade
[10:07] {Threei{} Short Setup: X  .35 break
[10:08] {Threei{}  if stays under .45 for scalpers
[10:08] {Threei{}  .50 day traders
[10:08] {Threei{}  yeah right
[10:08] {nemo{} .54 pivot
[10:08] {nemo{} I've got resistance at .55 also
[10:08] {Threei{}  I reiterate: yeah right
[10:09] {RonS{} intc
[10:09] {Threei{} Short Setup: SLW  34 break
[10:09] {dino{} vocs sm l ave .15
[10:09] {Threei{}  if stays under .10
[10:10] {magoo{} .10 stop?
[10:10] {Threei{}  just above
[10:11] {nemo{} in .04
[10:13] {Threei{}  taregt is about .65 - .70 if works
[10:15] {dino{} markets want green
[10:15] {dino{} .07 all green
[10:15] {Threei{}  yeah
[10:16] {dino{} buy the dips
[10:17] {Threei{}  SLW puts up great fight defending .10... 4 tests
[10:19] {ScottM{} Ascending tri. on tech Vad?
[10:19] {Threei{}  (EG) Egypt PM Ahmed Shafiq: Mubarak may soon step down; situation will soon be clarified
[10:19] {Threei{}  way too thin
[10:19] {Threei{}  not touching that
[10:19] {ScottM{} k
[10:19] {nemo{} out slw
[10:20] {Threei{}  now, why would you do that
[10:20] {Threei{}  5 tests of resistance in the face of spiking market, successfully held
[10:22] {Threei{}  1:1
[10:23] {Threei{}  - A separate report says Mubarak may transfer power to the Army Chief.
[10:23] {nemo{} fcx short?
[10:24] {Threei{} Short Setup: X  .50 break
[10:24] {Threei{}  GCX, not sure
[10:24] {nemo{} FCX
[10:24] {Threei{}  yes
[10:24] {Threei{}  don't see setup
[10:24] {davd{} mubarik stepping down
[10:24] {nemo{} double top
[10:24] {Threei{}  look above davd
[10:25] {Threei{}  X 1:1
[10:25] {davd{} hes stepping down again?
[10:25] {nemo{} fcx too, missed both
[10:25] {Threei{}  lol, yes
[10:25] {ese{} just looking at your eqix trade dino.....nice one
[10:26] {Threei{}  wow ese, you need to change ISP...
[10:26] {ese{} that sure moved off $2 off opening
[10:26] {Threei{}  it's worse than dino's dial-up and 14.4 modem
[10:26] {ese{} huh
[10:26] {dino{} rvbd
[10:26] {dino{} lol
[10:26] {nemo{} yeah, was just about to type that dino
[10:27] {ese{} ohhhhhh i get it
[10:27] {dino{} grm spike
[10:27] {ese{} ha ha ha ha
[10:28] {ese{} been on the phone to Denmark
[10:28] {dino{} aeis to .12
[10:29] {ese{} am periodically paying attention here
[10:31] {dino{} motr to .65
[10:31] {dino{} out aeis .14, +.14
[10:33] {ese{} L rig .40
[10:33] {dino{} out motr .70, +.35
[10:34] {ese{} holy smokin dino ...good one
[10:35] {Threei{}  SLW 1:2
[10:37] {ese{} out rig .50 +.10
[10:37] {ScottM{} NTAP ascending triangle for continuation of uptrend?
[10:37] {Threei{}  (PO) Portugal PM Socrates: greater EU economic coordination will help defend the euro
[10:37] {ese{} take it while i've got it
[10:37] {nemo{} well yesterday market retraced to morning high, and then dropped
[10:37] {Threei{}  told you that are doubling down
[10:38] {Threei{}  not sure I like it scott
[10:38] {ScottM{} k
[10:38] {Threei{}  that = they
[10:40] {dino{} thx es
[10:41] {ScottM{} Vad, if time, what tipped you off that NTAP was not good idea?
[10:41] {Threei{}  honestly?
[10:41] {Threei{}  no idea
[10:41] {Threei{}  something didn't look right
[10:42] {Threei{}  can't put a finger on it
[10:42] {ScottM{} intuitive... froms years of experience?
[10:42] {RonS{} dang mags, ezch was the play of the day...
[10:42] {Threei{}  I guess...
[10:43] {dino{} ipgp
[10:43] {nemo{} X short here?
[10:43] {Threei{}  no
[10:44] {Threei{}  both X and SLW,
[10:44] {Threei{}  start looking like longs
[10:44] {Threei{}  a little more consolidation, and if market goes to restest the high, this time around they should break out and run
[10:45] {Threei{} Long Setup:  SLW  .10 break
[10:45] {ese{} those 2 volume spikes at 10:16 and 10:26 Scott suggests the upward price move was being sold into
[10:45] {ese{} was bound to pause and turn around
[10:46] {Threei{}  stop is obvious
[10:46] {nemo{} .95 or so
[10:46] {Threei{}  yeah
[10:47] {dino{} ipgp +13
[10:47] {nemo{} photonics play
[10:47] {ese{} Scott have you read vads book techniques of tape reading....it talks about volume spikes both up and dn signalling short term reversals
[10:48] {ScottM{} yes, but could use a reread.
[10:48] {Threei{}  reminds me... I was planning to read that
[10:48] {ScottM{} lol
[10:48] {ese{} lol
[10:49] {ese{} against the crowd thinking.......works alot
06[10:49] * Threei kicks SLW in the rear
[10:49] {nemo{} cree long if it holds .97 and breaks .08?
06[10:49] * Threei kicks SLW in the rear with steel toe heavy duty army boots
[10:50] {nemo{} nevermind
06[10:50] * Threei pokes SLW with sharp stick
[10:51] {Threei{}  1:1
[10:52] {Threei{}  violence works
[10:52] {magoo{} out .24 nice poke
[10:52] {RonS{} slw .08 to .225 thxs 3i
[10:52] {Threei{}  :)
[10:52] {dino{} gj
[10:54] {nemo{} long X here at trendline?
[10:54] {Threei{}  no
[10:54] {Threei{}  it looks jellyfishy to me
[10:55] {Threei{}  1:2
[10:55] {RonS{} IMAX Signs Multi-Theatre Deal In China       02/10 08:50 AM
[10:55] {nemo{} why did you think SLW was a long?
[10:56] {Threei{}  think? you are flattering me
[10:56] {Threei{}  1:3
[10:56] {ese{} L teva .20
[10:56] {Threei{}  out
[10:56] {nemo{} lack of a better word
[10:56] {RonS{} install four new digital IMAX(R) theatre systems in the People's Republic of China
[10:56] {Threei{}  well, after so many retests of .10, it turned into a dam
[10:57] {Threei{}  now, I invite you to read the Taoist Trader course
[10:57] {Threei{}  describing what happens when the water breaks the dam
[10:57] {nemo{} because volume gave no indication
[10:57] {Threei{}  actually it did
[10:58] {Threei{}  zzoom in on the 34 - 34.10 range when I made the call,
[10:58] {Threei{}  look at configuration
[10:58] {Threei{}  see how volume drops on red bars and rises on green?
[10:58] {nemo{} doji tops at .13
[10:59] {RonS{} translation for nemo:  what happens when you load in the shorts?...after a while the S#$t hits the fan
[10:59] {Threei{}  well, after .10 got broken trade stopped being a matter of reading and became a matter of management
[11:00] {Threei{}  what's wrong with this world?
[11:00] {nemo{} what now
[11:00] {Threei{}  nemo didn't even slap me when I suhggested he read Taoist Trader course
[11:00] {nemo{} Don't worry, saving it up for next time I see you in person
[11:00] {Threei{}  hmmm
[11:01] {Threei{}  why do I feel sudden urge to stay online
[11:01] {ese{} out teva .21 +.01 no go here
[11:01] {Threei{}  IMAX is quite subdued for such news
[11:01] {RonS{} gj ese...that big vol reversal event was the tell
[11:02] {Threei{}  one would think getting business in China deserved more than this lukeqwarm reception
[11:02] {RonS{} i thought nemo edited that Tao book...
[11:02] {Threei{}  that's why my suggestion Ron...
[11:02] {RonS{} ohhh...lol
[11:03] {Threei{}  then again,
[11:03] {Threei{}  my texts require so many corrections in A and THE department, it would be unfair to expect one gets actual meaning of the text as well
[11:04] {Threei{}  I dunno why you guys need that crap... meaningless articles not adding anything and introducing a lot of confusion for us poor foreigners
[11:04] {Threei{}  I am very tempted to start sprinkling them around in a random fashion
[11:05] {RonS{} i give up, what are you talking about?
[11:06] {RonS{} bg selloff on great earnings...
[11:06] {ese{} L fcx .59
[11:06] {Threei{}  about articles A ad THE
[11:07] {ese{} sm
[11:07] {dino{} sm s ipgp .75wide
[11:09] {dino{} ipgp bstop is .01
[11:15] {ese{} hmmmmm   got cut off again
[11:18] {Threei{}  lol
[11:18] {Threei{}  Who said people can't FLY? They can't LAND!
[11:18] {dino{} ipgp stopped -.25
[11:22] {RonS{} Taoist principle 3i?
[11:22] {nemo{} which one Ron?
[11:23] {Threei{}  lol
[11:23] {nemo{} akam just trolling the bottom
[11:23] {Threei{}  another one, my favorite:
[11:23] {Threei{}  - darling, you remember that today is our 25th anniversary?
[11:24] {Threei{}  - yes... so?
[11:24] {nemo{} hehehehe
[11:24] {Threei{}  - maybe let's kill one of the piglets?
[11:24] {Threei{}  - why?? How is it his fault??
[11:25] {RonS{} ese, still in fcx?
[11:25] {ese{} yup
[11:25] {Threei{}  sigh... I'll go home
[11:25] {RonS{} nice
[11:26] {ese{} out fcx .95
[11:26] {ese{} +.26
[11:27] {nemo{} it's going to .32
[11:27] {RonS{} gold is climbing w/ fute vol at 250% of ave
[11:28] {dino{} mcy sm l .67
[11:28] {nemo{} wow ebay
[11:30] {RonS{} EBay CEO: PayPal bigger than eBay in 3-5 years       02/10 09:28 AM
[11:30] {RonS{} EBay CEO: We're Targeting Online And Offline Merchants       02/10 09:25 AM
[11:30] {RonS{} EBay CEO: We Are Focused On Commerce, Not Just Ecommerce       02/10 09:22 AM
[11:31] {RonS{} EBay CEO: 'Turning the corner' with Marketplace       02/10 09:28 AM
[11:31] {nemo{} there goes fcx
[11:34] {RonS{} see a HOG long 3i?
[11:34] {Threei{} Short Setup: RIMM  .90 break half lot
[11:35] {Threei{}  with one more slight pullback and holding .90, and better yet - .95, yes
[11:35] {nemo{} ?
[11:36] {Threei{}  ?
[11:36] {RonS{} HOG nemo...
[11:39] {nemo{} Just saw a great quote:
[11:40] {nemo{} Portland is a city where young people go to retire
[11:40] {RonS{} ...from yhe cabl series Portandia
[11:40] {RonS{} the cable
[11:40] {nemo{} too funny...retire...I'll be working until they cremate me
[11:40] {RonS{} ...daughter told me about it...never seen it
[11:41] {nemo{} spy breaks this level new high time
[11:41] {nemo{} wow look at ebay since I mentioned it
[11:43] {ese{} I think you called the mrkt action there nemo......looks like same scenario as yesterday
[11:44] {nemo{} POMO still going strong plenty more to come in on demand side
[11:44] {RonS{} quote of the day:  Fed has decreed that all market correction has to be intraday
[11:45] {ese{} hmmmmmm
[11:45] {RonS{} scam of the day:  This year, July has 5 Fridays, 5 Saturdays and 5 Sundays. This happens once every 823 years. This is called money bags. So, forward this to your friends and money will arrive within 4 days. Based on Chinese Feng Shui.
[11:46] {nemo{} Has nothing to do with Feng Shui, IChing maybe
[11:47] {RonS{} ...then scratch it...
[11:47] {nemo{} Feng Shui is art of placement of objects, numerology is within Iching
[11:48] {RonS{} Charlie Chan is art of movie mystery
[11:49] {nemo{} dickhead
[11:49] {nemo{} sorry janitor
[11:49] {nemo{} remember I had to go meet with my nephew's 3rd grade teacher, he called some kid a dickhead
[11:49] {RonS{} true story:  when Rupert Murdoch owned DirecTV, his Chinese wif had to come in to feng shui all of the senior execs offices...
[11:49] {RonS{} wife
[11:50] {nemo{} very widespread practice in China and Taiwan
[11:51] {nemo{} akam might be getting ready
[11:51] {nemo{} big volume just came in, if it cant hold it above 40
[11:54] {nemo{} bids .00
[11:55] {dino{} jnpr
[11:55] {nemo{} wow
[11:56] {RonS{} akam 440k sh in 1 min
[11:56] {RonS{} 400
[11:56] {nemo{} yeah wow,
[11:56] {nemo{} dramamine please
[11:56] {RonS{} damn ese...has too much power...
[11:57] {RonS{} :D
[11:57] {Threei{}  lol
[11:57] {nemo{} frickin' musicians
[11:58] {nemo{} that was a shortsqueeze...must have been a ton of people selling this side of 40 and then got whacked
[11:58] {nemo{} pass the vaseline
[11:58] {RonS{} this rinse looks like a douche
[11:58] {nemo{} HCL douche, ow
[12:00] {nemo{} see fcx ese, just about to pivot and you have that swing high from yesterday
[12:01] {RonS{} 3i, CCJ i show reports tomorrow ah.  Check two day...see a break point for more up?
[12:02] {Threei{}  .70?
[12:02] {Threei{}  sure
[12:04] {RonS{} k
[12:05] {magoo{} ebay nuts
[12:06] {magoo{} wonder if it will hit its "reserve" price/
[12:07] {RonS{} EBay CEO casts company as center of innovation       02/10 10:06 AM
[12:07] {RonS{} Sees PayPal revenue of $6-7 Billion by 2013
[12:07] {RonS{} "We're at an inflection point where tech-driven innovation is broadly shaping e-commerce and shifting consumer behavior. This shift is creating new global opportunities for our company," he said. "We are driving the next generation of e-commerce."
[12:08] {RonS{} The majority of eBay's  online buyers now make fixed-price purchases
[12:08] {nemo{} Yeah, and some really heavy sunspot activity will shut down e-commerce
[12:08] {RonS{} "We are starting to play offense at this company," said Donahoe.
[12:09] {dino{} qpsa sm l .33
[12:16] {RonS{} ditoo, sm l .3877
[12:17] {RonS{} ditto
[12:17] {dino{} tbi?
[12:17] {RonS{} ?
[12:17] {dino{} -2
[12:20] {Threei{}  reported yesterday
[12:20] {Threei{}  missed Q4
[12:26] {RonS{} After scoring a DirecTV Group Inc. (NYSE: DTV) carriage deal, Sony, Discovery and IMAX reportedly will launch its new new 24-hour 3-D channel, 3net, this Sunday. (See Discovery Prez: New 3D Net Will Need 6MHz .)
[12:30] {RonS{} GME
[12:44] {Threei{}  kingdom of boredom afer morning rush
[12:49] {dino{} sgg drop
[12:54] {dino{} out qpsa .85, +.50
[12:55] {dino{} .52
[12:55] {RonS{} out qpsa .68 +.2923
[12:55] {dino{} gj
[13:08] {ScottM{} Vad, overly big volume bar on breakout of RIMM...signal likely pattern failure?
[13:09] {Threei{}  I don't think it tells us much
[13:09] {ScottM{} ok
[13:09] {Threei{}  not very indidcative one way or another
[13:10] {Threei{}  imagine it in combination with big price move, it would be much more telling
[13:10] {Threei{}  as it is, it could be anything
[13:10] {Threei{}  for instance transfer of shares between two big players
[13:10] {Threei{}  one wanted a big chunk,
[13:10] {Threei{}  another had it and was happy to find a buyer
[13:10] {ScottM{} thks
[13:11] {Threei{}  who knows which of them is right as far as further direction goes,
[13:11] {Threei{}  but as influence on the movement right now, it's neutral
[13:15] {kschun{} market looking short to me
[13:15] {kschun{} vad?
[13:15] {Threei{}  ?
[13:15] {dino{} ?
[13:16] {RonS{} ?
[13:16] {nemo{} !@
[13:16] {nemo{} seems to be basically in a channel support at .85
[13:17] {nemo{} vwap .88
[13:18] {Threei{}  rather feels like ramp up to me
[13:18] {nemo{} bull flag
[13:19] {RonS{} axl take over chatter
[13:25] {kschun{} shorted some QQQQ, stop at .06
[13:25] {kschun{} just feeling market is too high. internals all negative and also negative momentum in internals
[13:25] {dino{} feels up  to me
[13:25] {Threei{}  to me too
[13:25] {kschun{} however, trade against the trend. not giving too much space
[13:26] {RonS{} Jesse Livermore:  "Stocks are never too high to buy, nor too cheap to sell".
[13:26] {nemo{} that can also be a rationlization
[13:27] {dino{} sm l hni .13
[13:27] {nemo{} so far sneeze is right
[13:28] {Threei{}  yup
[13:28] {nemo{} great another rorschach stock
[13:28] {kschun{} all I wanted to see
[13:29] {dino{} jesse's best, imo; "a loss never bothers me after i take it, not taking it damages the soul."
[13:29] {kschun{} it is funny. I am categorizing my trade in different categories. this one are those with the highest hit ratios and best r to r.
[13:29] {nemo{} what if you don't have a soul?
[13:29] {dino{} he also said wallet
[13:29] {kschun{} If I would take only those trades I could stop work in the morning :-) :-(
[13:30] {magoo{} wonder how jesse would adapt or "take" to this modern market tho
[13:31] {dino{} with a bullet
[13:31] {magoo{} is that what he used/
[13:31] {dino{} yes
[13:31] {RonS{} the guy was the penultimate tape reader...bet he would do just fine...
[13:31] {kschun{} LOL
[13:31] {kschun{} for sure he would do just fine!
[13:31] {RonS{} plus he made half his money in commodities
[13:32] {nemo{} why do you choose to call him "penultimate"  who was the ultimate?
[13:32] {RonS{} ...the guy who never had a book written about him
[13:32] {dino{} lol
[13:32] {RonS{} ...so there was no pen...
[13:32] {nemo{} nice save-your-ass answer
[13:33] {nemo{} and what is the word for "no man" in Greek?
[13:33] {RonS{} hey, i'm no Les
[13:33] {kschun{} the best guys out there newer wrote a book... unfortunately...
[13:33] {RonS{} woman?
[13:33] {kschun{} instead maybe of Mr. Bacon :-)
[13:35] {dino{} hni stopped -.23
[13:35] {Threei{}  guess who is on TV
[13:35] {kschun{} who?
[13:36] {nemo{} jessica biel?
[13:36] {ScottM{} scarlet johansen?
[13:36] {kschun{} halle berry?
[13:36] {RonS{} The bernank crowing how he toppled Mubarak?
[13:37] {dino{} dagny taggart?
[13:38] {ScottM{} x breakdown?
[13:40] {nemo{} oh fur crissakes dino...could you pick a real person
[13:42] {dino{} sure, how about brooklyn decker?
[13:42] {RonS{} appl puke
[13:42] {nemo{} much better
[13:43] {nemo{} now do we get spy bounce at vwap?
[13:43] {RonS{} kschun, still short?
[13:43] {kschun{} no out.
[13:43] {kschun{} at 1:2
[13:43] {RonS{} appl dropping like rock
[13:43] {dino{} gjk
[13:44] {nemo{} bounce at vwap, and....
[13:44] {kschun{} jnpr could drop too
[13:44] {kschun{} but don't like this kind of trades, not gona take it
[13:45] {RonS{} wow, bounced $3 in 10 seconds
[13:45] {kschun{} vad: which stocks you are looking at the moment?
[13:45] {Threei{}  none
[13:45] {Threei{}  waiting out
[13:45] {kschun{} ?
[13:45] {RonS{} $5 in 20 seconds
[13:45] {nemo{} er wartet doch
[13:45] {kschun{} ah o.k.
[13:46] {davd{} aapl big moves
[13:46] {kschun{} thanks nemo :-)
[13:46] {nemo{} kp
[13:46] {kschun{} once you wanna visit switerzland - be my guest
[13:46] {kschun{} no joke :-)
[13:46] {nemo{} hab schon
[13:46] {kschun{} ah thought so - where have you been?
[13:48] {nemo{} Zermatt, some other ski area where if I remember correctly, France, Italy and Switzerland meet (I was very drunk at the time)  Jungrau, Matterhorn then of course Lucerne and Zurich
[13:48] {kschun{} msi short?
[13:49] {nemo{} So long, I probably left out some place
[13:49] {nemo{} oh yeah, some place over by St. Moritz, but can't remember the name
[13:53] {kschun{} MSI seller at .41. guy showing 2 hundred and absorbing much more.
[13:54] {kschun{} @ nemo: great, you choose the right places :-)
[13:55] {nemo{} skiing was my vocation back then
[13:56] {nemo{} We were loony tunes...we'd go the places the ski patrol didn't, they wouldn't find you until the snow melted
[13:56] {nemo{} Now....thinking about it hurts
[13:57] {kschun{} :-) the good old times :-)
[13:58] {nemo{} yeah...jaeger tee on the mountain was always an issue
[13:59] {kschun{} Vad: could you just a little explain why you don't trade right know? how you make the decision not to trade respectively to wait? your thouthgs are always itneresting :-)
[14:00] {nemo{} he thinks you're thinking too
[14:00] {kschun{} :-)
[14:01] {kschun{} sorry for my stupid questions... :-)
[14:01] {Threei{}  just a sec kschun
[14:01] {kschun{} I really have to stop those :-) - all over the chat ... :-)
[14:01] {kschun{} no prob, take your time
[14:04] {Threei{}  I see no pronounced patterns kschun
[14:04] {Threei{}  not much happens during ,unch time,
[14:04] {Threei{}  so I want a serious reason for a trade during this time, and I don't see strng setups
[14:05] {kschun{} o.k. thansk
[14:15] {dino{} mcy stopped .77, +.10
[14:34] {dino{}      .
[14:41] {magoo{} i bet the dow  close green for 9 in a row today
[14:43] {Threei{}  nope
[14:43] {Threei{}  or I will eat larisa's keyboard
[14:43] {kschun{} going for a bounce in NOK
[14:43] {RonS{} is it chocolate?
[14:44] {Threei{}  knowing larisa, I strongly suspect that's the case
[14:44] {kschun{} you know vad only eats bacon :-)
[14:44] {Threei{}  hey, wrap a chocolate in bacon, I will go for it
[14:44] {nemo{} kiss ass
[14:45] {Threei{}  broccoli is the only thing I won't eat, even wrapped in bacon
[14:45] {nemo{} actually, right after the close yesterday spy put in a new yearly high
[14:50] {magoo{} the mkt manipulators want that unbelievable 9 straight
[14:52] {dino{} vad, start w/melted cheese over broccoli and bacon, then work your way up
[14:53] {Threei{}  I refuse to do that for ideological reasons dino
[14:53] {Threei{}  broccoli is evil
[14:53] {kschun{} LOL LOL
[14:53] {dino{} well, evil spelled backwards is live
[14:57] {Threei{}  watching LVS for bounce scalp
[14:58] {dino{} asys odd, gopd report, raised guid. and drops hard
[14:59] {dino{} ipgp hod area
[15:00] {RonS{} may be this dino...AmTech Systems Files $60M Mixed-Securities Shelf Registration       02/08 02:22 PM
[15:01] {dino{} thx ron, missed that
[15:02] {davd{} might not step down
[15:02] {Threei{}  but still might do
[15:02] {davd{} yes, he may either step down or not step down.
[15:02] {RonS{} might do the 2 step
[15:03] {dino{} and then again, he may not
[15:03] {Threei{}  or he might do but not today
[15:03] {Threei{}  or what dino said
[15:03] {Threei{}  head's spinning qwith all the possibilities
[15:04] {Threei{}  give a briccoli to him someone, and get it over with
[15:04] {RonS{} Sinatra response from me:  do be do be doooo...
[15:04] {davd{} yes, i don't want tomatoes
[15:05] {dino{} yes we have no banannas
[15:08] {kschun{} brcm apporoaching .50
[15:09] {RonS{} so is csco
[15:10] {kschun{} must stop there and conoslidate. must hold a while and best would be little consol. after trying to short it.
[15:11] {kschun{} funny. qqqq relatively "strong" but tech with cons. stapl.worst sectors today
[15:15] {dino{} csco is like intl, msft anymore. the three horsemen don't matter too much
[15:17] {Threei{}  Upcoming White House analysis on GSEs to recommend a variety of solutions - financial press- Could include suggestions for the Govt to guarantee mortgages but private investors would take a loss first; Govt would provide guarantees in event of crisis only - May suggest the FHA remain aas the only provider for guaranteed mortgage - Suggests Fannie and Freddie ultimately be wound down - Reminder: The formal White Paper is due tommorow
[15:17] {kschun{} just dont trade this stocks. years ago there were great, now they are bot-stocks...
[15:17] {kschun{} leave them to the games...
[15:18] {kschun{} shit missed mmi...
[15:19] {kschun{} MMI
[15:19] {RonS{} rimm launch
[15:20] {Threei{}  RIMM had news
[15:20] {RonS{} what?
[15:20] {Threei{}  Research in Motion Ltd Playbook operating software could use Android applications, yet RIMM's own internal operating system- Software expected to be completed in the 2H of 2011
[15:21] {kschun{} oh boy... sick volume in it
[15:21] {RonS{} seems like I have heard that before...
[15:21] {Threei{}  {volume{} why... I feel healthy
[15:22] {dino{} cough, cough
[15:24] {RonS{} doctor giving exam dino?
[15:25] {RonS{} rimm cooking a relentless squeeze
[15:26] {nemo{} 66.50
[15:28] {RonS{} ah, did not notice Playbook...that is news
[15:29] {Threei{}  davd... Blitzer just made a comment you would be proud of: people at that swuare in Cairo will be either very happy or very angry
[15:30] {RonS{} he's a real intellectual...
[15:30] {RonS{} wow, fat finger rimm short covering...
[15:34] {Threei{}  serious momo
[15:34] {RonS{} bear roast
[15:40] {dino{} back in ten
[15:45] {kschun{} o.k. guys, I am out. great eve to you! thanks all!
[15:46] {Threei{}  take care ksch
[15:46] {Threei{}  mubarak is on
[15:49] {davd{} wont run for next...
[15:50] {davd{} sounds like staying
[15:50] {Threei{}  yeah, he drwas it out
[15:50] {Threei{}  too long
[15:51] {Threei{}  yes
[15:51] {Threei{}  *(EG) EGYPT PRES MUBARAK: WILL STAY UNTIL FREE ELECTIONS SCHEDULED FOR SEPTEMBER
[15:51] {Threei{}  I don't think they'll take it easy
[15:52] {RonS{} look at ment
[15:53] {Threei{}  evaluates offers
[15:53] {Threei{}  hired advisor
[15:55] {RonS{} options say $17 move in cmg tonight
[15:59] {Threei{}  ok guys
[15:59] {ScottM{} night all
[15:59] {Threei{}  strange day somewhat
[15:59] {Threei{}  but profitable
[15:59] {Threei{}  thank you all, see you tomorrow
[15:59] {dino{} out vocs .18, +.03
[16:00] {larisa{} bye :)