Monday, February 28, 2011

Mon Feb 28 2011

Started day with a few stops, and even though several nice trades came along later in the day they were not enough to fix the morning. Ended slightly negative. RIMM short and X long were notably good ones.

Session Time: Mon Feb 28 00:00:00 2011
[08:16] {strider} MRX
[08:31] {Threei}  (US) JAN PERSONAL INCOME: 1.0% V 0.4%E; PERSONAL SPENDING: 0.2% V 0.4%E
[08:31] {Threei}  *(US) JAN PCE CORE M/M: 0.1% V 0.1%E; Y/Y: 0.8% V 0.8%E; PCE DEFLATOR Y/Y: 1.2% V 1.3%E
[08:34] {Threei}  (US) Fed's Dudley: QE2 has aided the US economy, has not generated financial imbalances; US economic outlook has "improved considerably"
[08:34] {Threei}  - Fed is still far from its inflation and job growth goals.
[08:34] {Threei}  - Core inflation is stabilizing and inflation expectations are restrained.
[08:34] {Threei}  - There is still plenty of slack in the economy, which will blunt inflation.
[08:34] {Threei}  - Fed is watching for signs of commodity prices being passed through to consumers.
[08:34] {Threei}  - Feels it is unwise for the Fed to overreact to surging commodity prices.
[08:34] {Threei}  - Expects to see considerable slack in job market through 2012.
[08:38] {strider} not getting Friday data on NYSE stocks
[08:38] {strider} Laser
[08:39] {strider} ge
[08:39] {strider} for instance
[08:39] {Threei}  yeah
[08:46] {strider} GNDT working on it.
[08:47] {RonS} gm everyone...Spring in the Rockies, 60 today plus the mating pair of Cooper's hawks return for their 5th breeding season
[08:48] {Threei}  ron :)
[08:49] {strider} supposed to hit 80 here today at the foot of the Appalachians
[08:49] {strider} 63 now
[08:59] {Threei}  relatively quiet news morning
[09:00] {Threei}  folks are slow to wake up, too
[09:00] {strider} is that a new rule?
[09:01] {Threei}  dunno, I l,ive by my old one: it's not necessary to be awake to trade profitably
[09:02] {strider} that's what I thought
[09:02] {Threei}  some news are rather bizarre:
[09:02] {Threei}  (SP) Spain Dec Total Housing Permits M/M: -0.4% v 23.0 % prior
[09:04] {dino} gm all
[09:04] {Threei}  dino :)
[09:05] {Threei}  Sen Lieberman: We should arm the Libya opposition
[09:05] {Threei}  oh god
[09:05] {Threei}  these imbeciles never learn, do they
[09:07] {strider} I'm sure the CIA has all that under control
[09:07] {Threei}  it worked so well with Afghani, right?
[09:08] {strider} ah, another new rule.
[09:08] {strider} things have to work.
[09:08] {Threei}  not by Fed
[09:08] {strider} greg......howdy
[09:08] {Threei}  QE never worked, so they launched QE2
[09:08] {Threei}  which never worked so they discuss QE3
[09:08] {Threei}  see?
[09:09] {gregns} good morning all
[09:09] {Threei}  gern, welcome back
[09:09] {Threei}  greg :)
[09:11] {strider} MRX interesting.   Multiple upgrades
[09:11] {Threei}  I seriously hope USD holds this support and bounces back up
[09:11] {Threei}  if it breaks down, all hell breaks lose
[09:11] {Threei}  loose
[09:11] {Threei}  whatever
[09:13] {larisa} gm :)
[09:13] {Threei}  meanwhile, idiots continue rearranging chairs on the Titanic deck:
[09:13] {Threei}  (US) FDIC head Bair: Larger financial institutions may need to make structural alterations to comply with the Dodd-Frank rule- Large firms, especially those with int'l presence may need to establish new subsidiaries.
[09:13] {Threei}  so they will... so what?
[09:13] {Threei}  larisa :)
[09:14] {_iamspartacus} Threei calling for USD to hold support, thanks
[09:14] {Threei}  ummm
[09:15] {Threei}  I am not calling that it will
[09:15] {rambler} goodmorning...
[09:15] {Threei}  I am saying that it's better
[09:15] {Threei}  rambler :)
[09:17] {ScottM} morning
[09:17] {_iamspartacus} yes, because im short Euro/usd
[09:17] {_iamspartacus} i hope it does too
[09:17] {Threei}  scott :)
[09:18] {Threei}  well, if these cretines continue their current policies, there is not much hope for USD
[09:18] {Threei}  but they just can't get it thgrough their thick skulls that killing USD is not the cure for all ills
[09:19] {_iamspartacus} no, they think killing usd is a cure for short term ills, by which time they will have enough strength to take on the long term ills
[09:20] {_iamspartacus} but its a big gamble
[09:20] {_iamspartacus} exactly
[09:21] {Threei}  commodities going through the roof will show the losing side to that gamble rather quickly
[09:21] {ese} gm
[09:21] {Threei}  ese :)
[09:21] {_iamspartacus} yes
[09:21] {dino} in the end it doesn't matter, they will do what they do, we must react
[09:22] {_iamspartacus} yes
[09:22] {_iamspartacus} thats right
[09:24] {Threei}  LVS is locked in .30 - .40 for now
[09:25] {Threei}  watching if it gives us our first opening play
[09:25] {ese} yup agreed dino.......i'll react by drinking heavily and shaking my head...seems appropriate
[09:26] {Threei}  I'll join you on both counts
[09:26] {Threei}  you supply booze, I supply head-shaking
[09:27] {Threei}  LVS, no setup for now
[09:27] {Threei}  on watch though
[09:27] {ScottM} Any thoughts on AIG Vad... only red blotch on my screen right now.
[09:28] {Threei}  short candidate
[09:28] {Threei}  let's watch for a setup
[09:28] {dino} same es
[09:28] {Threei}  we spoke of 40 breakdown as short trigger last week
[09:28] {Threei}  don't remember if we played it
[09:29] {ScottM} Looks bad under 38.00
[09:29] {Threei}  let's let it exhaust firts opening volatility
[09:29] {Threei}  then will see if it forms right setup
[09:29] {ScottM} k
[09:29] {strider} server 3 or 4 hould get friday data, nyse
[09:30] {strider} should
[09:30] {Threei}  yes strider, thanks
[09:31] {strider} mrx climbing
[09:31] {Threei} Short Setup: LVS  .40 break half lot
[09:32] {Threei}  invalidated
[09:32] {Threei}  spread is a bit too wide
[09:32] {Threei} Short Setup: LVS  .50 break half lot
[09:32] {Threei}  if not going over .65
[09:32] {Threei}  invalidated again
[09:34] {Threei} Short Setup: SLW  .20 break
[09:34] {Threei}  half lot
[09:34] {Threei}  if stays below .30
[09:34] {Threei}  invalidated
[09:35] {Threei}  AIG,
[09:36] {Threei}  this bounce should provide short entry
[09:36] {Threei} Short Setup: AIG  .20 break
[09:36] {Threei}  half lot again
[09:36] {Threei}  if goes over .30, 10 cents ranges for short trigger
[09:38] {Threei}  that was not really executable
[09:38] {Threei}  unless you just shorted .30 on blind faith
[09:39] {RonS} chi pmi in 3 min
[09:39] {Threei}  (LB) Libya Oil Official: urges oil companies to return staff to Libya, insists works will be kept safe
[09:39] {jfjf64} mornin
[09:39] {Threei}  jf :)
[09:42] {gregns} .
[09:43] {RonS} chi fute response tepidly pos
[09:43] {Threei}  yeah
[09:43] {Threei}  AIG
[09:43] {Threei}  same setup
[09:43] {Threei}  .20 break
[09:44] {strider} .04 spread
[09:44] {Threei}  half lot
[09:44] {dino} drq
[09:44] {Threei}  volatility is a killer this morning
[09:45] {RonS} Dril-Quip 4Q Profit Falls 28% On Flat Sales; EPS View Downbeat       02/28 06:03 AM
[09:45] {jfjf64} rimm
[09:45] {jfjf64} pull bk
[09:45] {Threei}  invalidated
[09:45] {Threei}  word of the day so far
[09:46] {jfjf64} .50 break
[09:46] {jfjf64} nope
[09:52] {Threei} Short Setup: LVS  .75
[09:52] {Threei}  stop above .85 for scalpers
[09:52] {Threei}  .90 day traders
[09:53] {Threei}  target is about .40 - .45
[09:53] {Threei}  partial around .60
[09:55] {jfjf64} holding
[09:56] {Threei}  so far so good, doesn't try to retest highs while market does
[09:58] {Threei}  still, needs market reversal to help
[09:58] {strider} LVS not in my short list....jeez
[10:00] {Threei}  FEB NAPM-MILWAUKEE:63 V 59.9E
[10:00] {Threei}  (US) JAN PENDING HOME SALES M/M: -2.8% V -2.3%E; Y/Y: -4.4% V -3.6% PRIOR
[10:02] {strider} stopp  slw short .39-.51
[10:02] {strider} stopped
[10:02] {dino} ctrp sm l .50
[10:04] {Threei}  matket breaks to new highs
[10:05] {Threei}  no go KVS
[10:05] {Threei}  LVS
[10:08] {strider} long mos .41
[10:08] {RonS} Fed's Bullard sees no risk from high oil
[10:09] {strider} stopped
[10:09] {Threei}  (US) White House: Progress has been made in efforts to prevent a govt shutdown, number one goal is to avoid any actions that might hurt the US economy
[10:10] {dino} ctrp stop is .22 brb
[10:11] {jfjf64} slw
[10:11] {jfjf64} d/top
[10:12] {Threei}  LVS rinse
[10:14] {strider} wide spreads this morning
[10:16] {dino} ctrp stoppeed
[10:17] {Threei} Short Setup: X  58 break
[10:17] {Threei}  if stays under .10
[10:18] {Threei}  1:1
[10:18] {Threei}  crap, look at LVS
[10:20] {dino} ctrp rinsed
[10:20] {Threei}  I am not in tune so far this morning
[10:20] {Threei}  invalidations and rinses
[10:20] {ese} in .00 X
[10:20] {ese}  L
[10:21] {dino} rp sm l .00
[10:22] {rambler} Vad, does 1:1 mean "out"?
[10:22] {Threei}  depends on kind of trading you do: for scalpers it's out in full, for day traders - partial out and stop trailing to b/e
[10:25] {Threei}  who unplugged SLW?
[10:26] {strider} in-out CEG short .91-.79
[10:26] {strider} +.12
[10:26] {ese} X stopped .81 -.19
[10:31] {Threei}  (LB) White House: Considering imposing a no-fly zone over Libya; notes that exile is a possibility for Gaddafi
[10:31] {Threei}  - Follow Up: Gaddafi son on state TV now denying ownership of any foreign bank accounts
[10:31] {Threei}  - Reports that the Foreign Intelligence chief will be speaking with the opposition leadership shortly
[10:31] {strider} well he doesn't own them anymoe.
[10:31] {strider} anymore
[10:31] {ese} i like anymoe.......thats a good word
[10:32] {strider} no specific moe
[10:35] {Threei}  Madoff: regulatory reform is a joke, and the whole government is a Ponzi scheme
[10:35] {Threei}  huh... can't help but agree with him
[10:35] {strider} sh hes .55
[10:36] {jfjf64} ditto
[10:36] {Threei} Long Setup:  AIG  .50 break
[10:37] {Threei}  if stays above .40 for scalpers, .35 day traders
[10:37] {Threei}  .50 break while valid by itself, is in my eyes rather an aggressive entry for C&H break .60
[10:37] {strider} stopped hes
[10:41] {dino} ctrp gap fill
[10:42] {ese} in aig .52
[10:45] {ese} L
[10:45] {strider} long nov .61
[10:48] {strider} stop nov...geee
[10:50] {dino} mrx sm s .02
[10:52] {ese} i've been following noc st and when i saw your L call nov it through me for a loop   thought it was different stock they were both at .60  
[10:53] {Threei}  (US) President Obama set to announce plans to allow individual states to opt out of certain provisions of the health care law - NY times
[10:54] {strider} l slw .77
[10:56] {dino} cov mrx -.19
[10:57] {rambler} AIG still valid Vad?
[10:57] {Threei}  yes
[10:57] {dino} ctrp sm l .07
[10:57] {ese} i'm still in
[10:58] {Threei}  if it doesn't work, I cut my wrists with banana
[10:58] {Threei}  and eat larisa's keyboard
[10:59] {rambler} in at .49
[11:00] {ese} just noticed was almost at a $1000 bucks a share at one time?   hmmmm talk about falling off your high perch
[11:00] {Threei}  my plan is to partial around .65 - .70
[11:01] {ese} thats beats my .52 st
[11:01] {Threei}  it went through reverse stock split, ese
[11:02] {Threei}  1:20
[11:02] {ese} 1 to 20 ....thats a little big isn't it
[11:02] {strider} offering .97 slw
[11:03] {dino} rp to .41 thing is gappy
[11:04] {strider} out +.10
[11:07] {dino} to .52
[11:07] {strider} sh fcx .93
[11:08] {dino} rovi sm l .50
[11:10] {Threei}  seafood fans: (CH) China trade Min sends shrimp antidumping dispute with US to the WTO for a resolution
[11:11] {dino} out rp .56, +.56
[11:11] {ese} escaped twice being stopped out of aig at .34
[11:12] {Threei}  held .35 both times
[11:12] {Threei}  but sheesh, is it tooth-pulling today or what
[11:13] {ese} my stop should actually be .32 just below low at 10:30 am
[11:13] {ese} yup
[11:14] {Threei}  ok, banana
[11:14] {Threei}  wrist cutting
[11:14] {ese} stopped
[11:14] {rambler} stopped
[11:14] {ese} .34
[11:14] {strider} ddon't do it, vad.
[11:14] {strider} not worth it.
[11:14] {strider} The banana, I mean.
[11:14] {Threei}  but I have no single avocado in the house
[11:15] {rambler} back to the books for me...
[11:17] {ese} that was -.18 by the way
[11:17] {dino} rovi out .81 +.31
[11:20] {strider} out FCX +.16
[11:21] {strider} .93-.77
[11:21] {strider} probably go to lod
[11:22] {jfjf64} bobo
[11:23] {dino} all red
[11:25] {Threei} Short Setup: X  .80 break
[11:25] {strider} in at .83
[11:26] {Threei}  if stays under .90
[11:27] {Threei}  target is around .40
[11:28] {Threei}  with two partials along the way
[11:28] {Threei}  SPY losing 133 should help
[11:29] {Threei}  X, are you blind?
[11:30] {strider} my stop .95
[11:30] {Threei}  what the deuce
[11:30] {Threei}  another short candidate was RIMM at .40
[11:31] {Threei}  but that one I skipped
[11:31] {strider} out .95
[11:31] {Threei}  I officially nominate today the worst day of 2011
[11:31] {rambler} out.....96
[11:32] {Threei}  5 invalidations, 1 scalp, 3 stops
[11:32] {Threei}  let me try and spell "not in tune"
[11:32] {nemo} S
[11:32] {nemo} U
[11:32] {nemo} C
[11:32] {nemo} K
[11:32] {Threei}  ah, here he is
[11:32] {jfjf64} = 9 shots
06[11:32] * Threei slaps nemo around a bit with a alarm clock
[11:33] {Threei}  now we know it's all nemo's fault
[11:34] {rambler} is this where we start revenge trading...?
[11:35] {ScottM} AIG finally broke 38.00... missed it
[11:35] {strider} sh X .96
[11:35] {nemo} no rambler...pick up a bottle instead
[11:35] {_iamspartacus} need to get back in the zone
[11:36] {rambler} now your talking.....
[11:36] {nemo} Hey didn't look so good on the Oscar's last night
[11:37] {_iamspartacus} thanks
[11:37] {_iamspartacus} i try my best
[11:38] {Threei}  RIMM
[11:38] {Threei}  short into bounce
[11:39] {Threei}  .20 break if stays under .30
[11:39] {nemo} pivot .18
[11:39] {Threei}  10 cents ranges if goes above .30
[11:40] {ScottM} short RIMM .24, stop .31
[11:43] {Threei}  58% Favor Government Shutdown Until Spending Cuts Are Agreed Upon
[11:43] {strider} me too
[11:43] {Threei}  89% Think Arab Unrest Likely To Cause A Jump in Gas Prices
[11:43] {Threei}  duh
[11:43] {nemo} I thought it was aliens
[11:44] {Threei}  those same 89% believe in sunrise in the east
[11:44] {Threei}  now, remaining 11% is what we need to be concerned about
[11:44] {Threei}  we have not enough room in asylums for them
[11:45] {RonS} 11% work for govt and get their gas for free
[11:45] {Threei}  too few... 28% must be working for government, it's steady number of those who believe USA is moving in the right direction
[11:46] {rambler} in RIMM 66.18
[11:46] {strider} stop x +.02
[11:47] {ScottM} looks like rimm needs help from mr. market.
06[11:53] * Threei hits RIMM over the head with 2x4
[11:55] {ScottM} hit harder
06[11:55] * Threei pokes RIMM in the ribcage with sharp stick
[11:56] {ScottM} tie lead weight to RIMM when not looking
[11:56] {Threei}  over the neck... while pouring cement at its feet
[11:58] {ScottM} yes, the cement shoes work every time
06[11:59] * Threei drags RIMM to the edge and pushes it over
[11:59] {ScottM} while laughing the most evil laugh
[12:01] {Threei}  I don't remember expending that much force with that little result
[12:02] {ScottM} well, it is lunchtime
[12:02] {patience} bought double lot slw at open, would be obliged if you could cause momo upward in it Vad, second bottle of scotch in it for you   :)
[12:02] {patience} no pressure
[12:03] {Threei}  it's time RIMM... close your eyes, open your mouth and let that water in...
[12:04] {ScottM} lol
[12:04] {Threei}  bidding half .08
[12:04] {strider} .08 here
[12:04] {strider} .09  I mean
[12:05] {ScottM} out
[12:05] {Threei}  oh god... look who opened his mouth:
[12:05] {Threei}  T. Boone Pickens: Believes oil could go to $150/bbl on Middle East unrest
[12:05] {Threei}  this guy would better shut up with oil price firecasts, after that disaster on the way down
[12:06] {Threei}  120 is the bottom... 110 is the bottom... will never lose 100... will be back over 100 in not ime...
[12:07] {Threei}  (IA) Iran's Govt has arrested Mousavi and Karoubi, the previous leaders of the opposition - financial press
[12:07] {Threei}  - Reminder: Reports in recent weeks had the Govt officials stationed outside the leaders residences, and other reports noted that the leaders were missing at one point
[12:09] {strider} think I'll just go get another root canal.
[12:11] {strider} out .17
[12:11] {strider} +.05
[12:11] {strider} starting to look like a bull flag to me.
[12:13] {dino} rovi sm l .50
[12:14] {rambler} out  +.03
[12:21] {Threei}  half out
[12:21] {Threei}  you guys have no faith
[12:21] {Threei}  stop to b/e
[12:22] {strider} sure we did...all  morning:)
[12:22] {Threei}  real faith is not time-limited
[12:22] {strider} ok...have no faith.
[12:22] {Threei}  real faith survives the test of defeat
[12:22] {Threei}  and leads you to victory
[12:23] {Threei}  or as Stewie said, Victory will be mine
[12:23] {Threei}  bidding 1/4 more 65.98
06[12:25] * Threei pokes RIMM in the ribcage with electorcharged sharp stick
[12:32] {Threei}  anyone's from Arkansas?
[12:33] {nemo} earthquake
[12:33] {Threei}  4.7
[12:34] {RonS} hey, who's kickin the outhouse?
[12:34] {Threei}  US ambassador: China illegally harasses hournalists
[12:34] {Threei}  can you harass them legally?
[12:35] {RonS} but they leave alone the minutealists
[12:36] {Threei}  oh boy
[12:36] {Threei}  lol
[12:36] {Threei}  poor news stuff mistyped, no slack at all
[12:36] {Threei}  what else didn't I try...
06[12:36] * Threei sends RIMM an envelope with black mark inside
[12:38] {Threei}  hey that works... I guess it's true what they say: threat of violence is more effective than violence itself
[12:41] {dino} dgit sm l .00
[12:42] {Threei}  1/4 more out RIMM
[12:42] {Threei}  stop to .11
[12:47] {Threei}  stop to 66.01
[12:48] {Threei}  .95
[12:48] {Threei}  .91
[12:48] {Threei}  bidding .78
[12:49] {Threei}  stop to .86
[12:51] {rambler} clean snow off car and RIMM tanks....go figure...
[12:51] {Threei}  out
[12:51] {Threei}  .78
[12:51] {Threei}  +.41
[12:52] {dino} gj
[12:52] {Threei}  ty
[12:52] {Threei}  not fully fixed day, mind you, but much much better
[12:52] {ScottM} your patience really paid off.... nice!
[12:52] {rambler} fix some more...
[12:54] {rambler} spy tanking...
[12:56] {_iamspartacus} its off a few points
[13:04] {kschun} hello guys, hope you all had a great weekend!?
[13:04] {Threei}  hey kschun
[13:05] {ese} ..
[13:10] {kschun} VIV  short opportunity?
[13:10] {kschun} vad?
[13:10] {Threei}  locked in 5-7 cents range for hours
[13:11] {kschun} yeah know, but seems that .30 is a seller
[13:11] {kschun} normally range is much bigger.
[13:12] {kschun} but probably you are right and stock just will not move...
[13:12] {kschun} thanks for your op!
[13:13] {Threei} Short Setup: X  .70 breal
[13:14] {Threei}  just a scalp most likely
[13:14] {Threei}  keep stop .76 and try to cover closer to .60
[13:15] {Threei}  there you go, feel free to cover as you see fit
[13:18] {kschun} trying VIV AT .30
[13:20] {Threei}  wow, X had more in it
[13:20] {Threei}  didn't think so
[13:20] {Threei}  but becomes a double bottom candidate now
[13:21] {Threei} Long Setup:  X  .45 break if holding .40
[13:22] {Threei}  invalidated
[13:23] {kschun} VIV scaled out half... not a good trade. should have listened to my thinkings and vad.
[13:23] {kschun} but position size and risk management at least was o.k.
[13:24] {kschun} sector would be o.k., but daily chart not at all a short
[13:24] {Threei}  you are squeezing juice out of stone
[13:24] {Threei}  thing does nothing
[13:24] {kschun} right - agree
[13:24] {nemo} db on spy
[13:25] {kschun} just was not able to not take the trade
[13:25] {kschun} at least I took it with small size
[13:25] {kschun} but no excuse
[13:26] {kschun} BMC heavily coming down from its highs
[13:27] {kschun} ah boy... BEXP was on my list today, did not check the alert becuase I was in the "NO-MOVING-VIV-TRADE" ...
[13:27] {kschun} but easy, there are still plenty of opportunity out there
[13:32] {Threei}  this I don't unerstabnd
[13:32] {Threei}  "was not able to not take the trade"
[13:32] {Threei}  it's easy... look at me - sitting not taking that trade
[13:33] {kschun} doesnt understand it either
[13:33] {kschun} my "monday-first-trade-illness"...
[13:33] {kschun} but you are right, nothing more to add
[13:35] {kschun} out rest VIV .36
[13:39] {kschun} HK vad?
[13:39] {kschun} any read
[13:40] {kschun} probably gona become a more active chatter and a less active trader :-)
[13:40] {kschun} makes more sense
[13:41] {Threei}  why do you pick stocks with no range?
[13:41] {Threei}  10-15 cents, for a few hours
[13:41] {Threei}  what do you expect from it?
[13:45] {kschun} o.k. - will try to find some better ex.
[13:46] {Threei}  watching AIG for short
[13:48] {Threei}  want a bounce, not breakdown
[13:48] {Threei}  somewhere sround .40
[13:49] {rambler} big volume...
[13:51] {strider} can't short aig either
[13:51] {strider} this is a problem
[13:51] {kschun} broker?
[13:52] {strider} genesis
[13:53] {Threei}  anyone shorted it?
[13:53] {kschun} yeap
[13:53] {kschun} took 1:1
[13:53] {Threei}  ok
[13:53] {kschun} entry .29
[13:53] {kschun} scalled out in 3 parts
[13:54] {kschun} wanted to let run last one,
[13:54] {Threei}  .29?
[13:54] {kschun} yeah
[13:55] {kschun} looked too good not too take. .30 broken, ask at .30 was absorbing shares
[13:56] {Threei}  I am lost
[13:56] {Threei}  but it's OK, that's my normal state
[13:57] {Threei}  RIMM, watch for pullback to about .60 yo enter long
[13:58] {ese} too much to do these days all....mostly just watching you all...see ya tomorrow
[13:59] {kschun} I now you probably wanna hit me, but I still ask: HK .40 break ?
[13:59] {kschun} take care ese
[13:59] {Threei}  take care ese
[14:00] {Threei}  HK, chart is right but don't count on much, just a small scalp
[14:02] {kschun} out HK
[14:03] {Threei}  but it didn't even break .40
[14:03] {strider} you still think rimm long?
[14:03] {Threei}  I don't understand what you are doing at all
[14:03] {kschun} try to short it before, with really tight stop
[14:04] {Threei}  missed RIMM near .60
[14:04] {Threei}  anyone got it?
[14:05] {strider} n0
[14:05] {rambler} nope..
[14:05] {kschun} n
[14:05] {strider} bidding .63
[14:05] {Threei}  nah
[14:05] {ScottM} nope, am in AIG though
[14:05] {Threei}  it tested .60 twice
[14:05] {_cleto} AIG  short,  hold it ?
[14:06] {Threei}  if it goes there thrid time, don't take long
[14:06] {Threei}  AIG stop above .50
[14:06] {Threei}  wait, mistype
[14:06] {Threei}  original one was above .50,
[14:06] {Threei}  above .40 now
[14:07] {Threei}  what price are you in?
[14:07] {_cleto} .35
[14:07] {Threei}  .20 break should send it down screaming
[14:07] {Threei}  then I'd cover half here
[14:07] {Threei}  keep stop above .40,
[14:07] {Threei}  let it tarde and wait for .20 break
[14:08] {kschun} watching SBI , for 35 break down
[14:08] {Threei}  there is no support at all, it can go down to 35 for all chart shows
[14:08] {Threei}  SBI?
[14:08] {Threei}  you must be joking
[14:08] {kschun} CBI
[14:08] {Threei}  CBI
[14:08] {Threei}  ahh
[14:08] {kschun} sorry
[14:09] {Threei}  look at SBI and laugh
[14:09] {kschun} LOL
[14:09] {kschun} CBI chart o.k.?
[14:09] {Threei}  more or less
[14:10] {Threei}  far from being my favorite but not a complete no-no
[14:12] {Threei}  RIMM perfect bounce off .60.... can't believe you all ignored it
[14:13] {_cleto} not ignored but not filled
[14:13] {RonS} w/ the naz at lod and naz fute order flow at a new low negative it was tough to take...
[14:13] {kschun} agree with ron
[14:13] {kschun} found it too risky too
[14:14] {kschun} didn't see support of  hole market.
[14:14] {strider} sh nov .90
[14:15] {strider} long I mean
[14:17] {Threei}  nice one
[14:17] {strider} offering .09
[14:18] {strider} out
[14:18] {Threei}  AIG balance stopped
[14:19] {RonS} ctrp sm l .30
[14:20] {Threei}  (GE) Germany Econ Min Bruederle: It would be a mistake for the eurozone to adopt a single wage policy
[14:20] {Threei}  lol
[14:20] {Threei}  they seriously discuss that?
[14:20] {strider} good idea
[14:21] {RonS} dgit sm l .75
[14:22] {kschun} shrot BEXP
[14:23] {Threei}  ugh RIMM... how did we let it get away
[14:24] {Threei}  with very effective short earlier, would be just as effective long
[14:24] {_cleto} we were too cheap   by  1 cent
[14:25] {strider} yrcw halted
[14:27] {kschun} TROW - any read ?
[14:28] {strider} drop
[14:28] {RonS} oil futes down 1.15 in past hr to 96.85
[14:28] {Threei}  not really
[14:28] {strider} as in drop TROW
[14:29] {RonS} pricey...
[14:30] {Threei} Short Setup: RIMM  .93 if stays under 66
[14:30] {RonS} lol strider...testing k's english...
[14:30] {strider} sh cyh .96 news
[14:31] {nemo} spy should go to about .90
[14:32] {nemo} entry under this doji vad?
[14:32] {strider} I have sold short a number of shares of CYH based on a news release. :)
[14:32] {Threei}  nemo, sorry... not sure I got what you ask
[14:33] {nemo} change entry to under that high volume doji
[14:33] {Threei}  nah
[14:33] {Threei}  this is double top play
[14:33] {Threei}  .94 support
[14:34] {Threei}  .93 short trigger
[14:34] {RonS} cyh sm s .87   .28 target
[14:34] {Threei}  aggressive entery is always possiblity of course
[14:34] {Threei}  but this close to break level, it makes little sense
[14:35] {RonS} out ctrp...dead...must be totally freaked about the Chinese pmi tonight
[14:35] {Threei}  US warns Gadhafi; Clinton: step down now
[14:35] {Threei}  Gadhafi: I never paid any attention to you over last 40 years, why would I start now
[14:37] {kschun} LOL
[14:38] {strider} out CYH +.33
[14:38] {Threei}  wtg
[14:38] {RonS} so you are the one holding it up?
[14:38] {strider} t'anks.  I needed that.
[14:39] {strider} should have partialled , but got the nervouse jerks from this market today.
[14:39] {RonS} won't touch that...
[14:39] {Threei}  {nervouse jerks} hey!
[14:39] {strider} so  you think rimm's going south?
[14:39] {Threei}  I? Think?
[14:39] {Threei}  that's flattering
[14:39] {strider} oh.
[14:39] {strider} forgive me.
[14:39] {strider} I have sinned.
[14:39] {Threei}  sure, but sin no more
[14:40] {Threei}  RIMM, stop above 66, scalpers look to cover closer to .80, day traders cover half and wait for it to break .80
[14:40] {rambler} RIMM short still on Vad...?
[14:40] {Threei}  yes
[14:41] {strider} short .97
[14:42] {kschun} oh boy, some size at .97 - strider seems to play big :-)
[14:42] {strider} bite me
[14:43] {Threei}  he speaks softly, too...
[14:43] {kschun} o.k. edgx showing 3k at ask
[14:43] {kschun} so far so good
[14:43] {strider} but with a big schtick
[14:43] {Threei}  :)
[14:43] {Threei}  you pay too much attention that level 2 crapola, ks
[14:43] {Threei}  those 3K mean nothing
[14:44] {Threei}  zilch
[14:44] {Threei}  nada
[14:44] {kschun} o.k. try to stop it
[14:44] {Threei}  people who taught to trade of level 2 this way had some legitimace 12 years ago
[14:44] {Threei}  not since then
[14:45] {strider} aig
[14:46] {kschun} funny gap up
[14:48] {Threei}  no go RIMM
[14:50] {kschun} MET long .10, if holding .05
[14:52] {RonS} out dgit .92  +.17
[14:54] {RonS} out cyh .69 +.18  reverse slip...old dino phrase
[14:55] {strider} lvs
[14:57] {kschun} met approaching .10 again
[14:57] {RonS} my dog eats iams every day...:)
[14:58] {RonS} and when she craps i part a cus...
[14:59] {strider} l lvs .07
[14:59] {strider} 1/2 out .21
[15:00] {RonS} gj
[15:00] {kschun} good one strider!
[15:01] {strider} so far
[15:01] {strider} not sure about the follow through
[15:01] {kschun} same in MET
[15:03] {Threei}  X, watching for long entry if pulls back closer to .40
[15:03] {strider} stop 1/4 .15
[15:04] {strider} stop bal . b/e
[15:04] {strider} scalping only today
[15:04] {strider} for me, anyway
[15:05] {dino} gj strider. just sitting here
[15:06] {Threei} Long Setup:  X  .45 break
[15:06] {Threei}  .40 break now
[15:06] {Threei}  if stays above .35
[15:10] {Threei}  come on X, move your butt
06[15:12] * Threei kicks X in the rear
[15:12] {_cleto} x stop loss at? 34 or so?
[15:13] {Threei}  .34, yes
[15:13] {Threei}  loss of .35
[15:13] {_cleto} "as long as it stays above 35"( for u that meant stop loss correct?)
[15:13] {Threei}  exactly
[15:14] {Threei}  half out
[15:14] {rambler} target on X..?..
[15:14] {Threei}  .51
[15:14] {Threei}  scalpers take profit
[15:14] {Threei}  stop for the balance to .38
[15:15] {Threei}  offer 1/4 more .58 - .59
[15:16] {RonS} x .38 to .56  thanks 3i
[15:16] {Threei}  :)
[15:16] {kschun} all out
[15:16] {kschun} thanks vad.
[15:16] {kschun} amazing
[15:17] {rambler} b/e for me...
[15:17] {Threei}  the day?
[15:18] {rambler} I wish...
[15:18] {strider} spodiodi time
[15:20] {Threei}  1/4 more out
[15:20] {Threei}  stop to .45
[15:20] {patience} squeeze in slw shorts
[15:22] {Threei}  out last piece X
[15:22] {dino} pby drop
[15:23] {dino} sm l .52
[15:23] {kschun} missed NDAQ . 40 break
[15:25] {kschun} CI
[15:26] {strider}  Pep Boys to halt efforts to sell itself, Bloomberg reports :the
[15:26] {kschun} watching for 42 break
[15:26] {dino} thx strider
[15:27] {kschun} probably wthe wrong market for breakouts...
[15:27] {kschun} vad?
[15:28] {Threei}  chart looks OK... will depend on market
[15:30] {Threei} Short Setup: USO  .15 break
[15:31] {strider} not in short this is getting to be a drag
[15:31] {strider} 3 today
[15:32] {Threei}  stop .25
[15:33] {rambler} no fill for me....
[15:34] {dino} back in ten, stop on pby is break of lod
[15:36] {Threei}  Tablet computers will eat into hard disk drive shipments in Q1; sees Q1 HDD shipments 160.9M units v 167.5M units q/q, -4% - iSuppli
[15:36] {Threei}  - Rising sales of tablet devices coming at the expense of conventional netbook PCs will contribute to a low single-digit decline in shipments of hard disk drives in Q1.
[15:36] {Threei}  - Declines will occur in four of the six major segments driving demand for hard disks, including desktop PCs, notebook PCs, netbook PCs and nontraditional/consumer electronics, pulling overall figures down despite slight HDD increases in the enterprise business and entry server segments.
[15:37] {Threei}  interesting remaking of the landscape in computing
[15:37] {rambler} got filled...
[15:38] {nemo} hah...tommorrow should be bullish.  over the last 6 months 42% of the returns for the six months occurred on the first day of the month
[15:39] {patience} My 78 year old mom phoned asking me to buy her an IPAD2.  Her 4 year old grandson is showing her how to use his IPAD.
[15:44] {kschun} man, what is USO doing - should drop... kick him vad :-)
[15:45] {Threei}  can't
[15:45] {Threei}  it's not he, it's she
[15:45] {kschun} why
[15:45] {kschun} ah... understand + agree
[15:52] {Threei}  out USO
[15:52] {Threei}  that seals it, negative day
[15:53] {dino} here too\4 rinses again
[15:53] {kschun} here too
[15:53] {RonS} yeap
[15:53] {kschun} however have to add, about 90% my fault. did two very stupid trades.
[15:53] {rambler} me three...
[15:54] {strider} very slightly here
[15:54] {rambler} time for a walk in the snow.....
[15:54] {Threei}  not much, that RIMM short fixed most of the loss
[15:54] {Threei}  but still
[15:54] {strider} get out the horsehair shirt
[15:54] {kschun} LOL
[15:56] {RonS} rig off drilling announcement
[15:56] {Threei}  and X was about to take th day in gbreen but then idiot USO came along
[15:56] {dino} out pby +.03
[15:57] {nemo} very bullish for tomorrow
[15:57] {Threei}  NVAX
[15:57] {Threei}  glying crap
[15:57] {Threei}  flying too
[15:57] {patience} quarter out slw
[15:57] {RonS} HHS Grants Novavax 3-Yr, $97M Pact To Develop Flu Technology       02/28 01:56 PM
[15:57] {Threei}  Novavax Inc. HHS Awards Contracts to Develop New Flu Vaccine Technology- The contracts for advanced development of new types of vaccine and new ways to make flu vaccine known as next-generation recombinant influenza vaccine total $215M. - HHS awarded one contract to Novavax, Inc., of Rockville, Md., for $97M over the first three years, which can be extended for an additional two years, for a total contract value of $179.1M
[15:59] {Threei}  ok guys, thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {strider} adieu
[15:59] {kschun} still have to add something:
[15:59] {kschun} even if I am negative today.
[16:00] {kschun} normally after some losers I really get unconfortable and begin to trade all crap I see
[16:00] {ScottM} night all
[16:00] {kschun} happened a little little bit too today
[16:00] {kschun} night scott
[16:00] {kschun} however, it is getting much better.
[16:00] {kschun} finished negative, but still feeled to controll myself relatively good
[16:00] {kschun} that is what I want
[16:01] {kschun} no problem with losing days, as long as I can controll my emotions after several loosing trades
[16:01] {kschun} thanks all
[16:01] {rambler} goodnight folks....
[16:02] {kschun} night man, bonne chance avec la neige :-)
[16:06] {dino} gn all, its a constant learning process ks
[16:07] {kschun} yep, thanks
[16:07] {kschun} could I still just asking something to the guys/girls who trade for a living?