Tuesday, May 24, 2011

May 24 2011

Nice strong day with 5 good-sized wins and one 10 cents stop on half lot. 

Session Time: Tue May 24 00:00:00 2011
[08:50] {ese} morning
[08:50] {Threei}  morning ese
[08:57] {patience} morning guys
[08:57] {Threei}  morning patience
[08:58] {ese} patience
[08:58] {patience} hi ese
[09:16] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:16] {ese} laris
[09:17] {larisa} vad, ese :)
[09:19] {RonS} gm everyone
[09:19] {samire} gm
[09:19] {Threei}  ron, samire :)
[09:19] {ese} ron sam
[09:20] {samire} Thanks Vad for the books and CDs....received
[09:20] {Threei}  great
[09:20] {davd} scared selling at open vad?
[09:20] {rizvisy1} gm everyone
[09:20] {samire} read some already
[09:20] {Threei}  riz :)
[09:21] {Threei}  can't tell yet davd
[09:21] {davd} ii
[09:21] {Threei}  hope and fear are on equal footing, it seems :)
[09:21] {ese} riz
[09:21] {ese} dave
[09:21] {rizvisy1} gm ese
[09:27] {dino} gm all
[09:27] {Threei}  dino :)
[09:27] {Threei}  I still have no clear opening play
[09:28] {dino} play the ponies then
[09:29] {davd} i should play the ponies, beer, fresh air...
[09:29] {dino} indeed
[09:31] {Threei} Long Setup:  SLW  .20 break
[09:32] {jfjf64} mornin
[09:32] {Threei}  jf :)
[09:32] {Threei}  stop under .10
[09:33] {Threei}  what was that on RIMM
[09:33] {Threei}  target 1:3 on SLW
[09:34] {Threei}  3 partials
[09:34] {Threei}  1:1
[09:34] {ese} L sify .43
[09:34] {Threei}  stop to .15
[09:35] {Threei}  1:2
[09:35] {ese} out sify .72 +.29
[09:35] {jfjf64} nice
[09:35] {jfjf64} back on track
[09:36] {jfjf64} nise ese
[09:36] {ese} tks
[09:36] {jfjf64} beauty
[09:37] {jfjf64} .60
[09:37] {jfjf64} here we come
[09:38] {Threei} Short Setup: RIMM  .05 break half lot
[09:39] {Threei}  stop above .15
[09:39] {Threei}  SLW stop for the last portion to .25
[09:40] {Threei}  RIMM target is about 42.70
[09:41] {Threei}  two partials
[09:41] {Threei}  SLW 1:3, over and out
[09:42] {jfjf64} nice
[09:42] {Threei}  1 cent shy but who cares
[09:42] {Threei}  RIMM over 1:1
[09:43] {Threei}  first part out .90
[09:43] {Threei}  stop to b/e
[09:43] {Threei}  knock-knock
[09:43] {Threei}  who is there
[09:44] {Threei}  it's me, your brain, back from vacation
[09:44] {nemo} oy vay
[09:44] {nemo} stand up Vad
[09:44] {Threei}  nope
[09:44] {Threei}  I like this lack of blood in brain
[09:44] {jfjf64} no more fridays off
[09:44] {Threei}  awww
[09:44] {Threei}  you meanie
[09:44] {nemo} you can have next Monday though
[09:45] {jfjf64} yup
[09:45] {Threei}  thank you kind sirs
[09:45] {jfjf64} fcx  bounce
[09:45] {nemo} enuf of the insults
[09:45] {Threei}  lol
[09:46] {Threei}  RIMM over 1:2
[09:46] {Threei}  stop to 43.01
[09:46] {Threei}  next leg down is for covering
[09:47] {Threei}  anywhere between .70 and .80 as you see fit
[09:47] {Threei}  can't tell more precisely
[09:48] {Threei}  if strugglinh to decide, just trail stop to .85
[09:48] {Threei}  and wait for sharp spike down
[09:50] {Threei}  stop to .82
[09:50] {jfjf64} 2 nice trades
[09:50] {jfjf64} no  ya  cant  go  home
[09:50] {Threei}  stop to .76
[09:51] {Threei}  here it comes
[09:51] {Threei}  out in full
[09:51] {Threei}  .66
[09:51] {davd} aapl falling from the tree
[09:52] {Threei}  where is sir Newton
[09:52] {Threei}  two sets of numbers coming
[09:53] {Threei}  Apr new home sales and May Richmond Fed manufacturing
[09:53] {Threei}  RIMM{ covered within 2 cents of bottom
[09:56] {samire} Great job Vad
[09:57] {rizvisy1} 3i nice judgement
[09:57] {Threei}  ty
[09:59] {ese} my intelliScan has cut out
[09:59] {Threei}  what does it say?
[09:59] {RonS} cya intelliscan
[09:59] {Threei}  mine works...
[09:59] {ese} ha ha........
[09:59] {ese} the little green bars have stopped flashing
[10:00] {Threei}  fine here'
[10:00] {Threei}  *(US) APR NEW HOME SALES: 323 V 300KE
[10:04] {dino}  acor drop
[10:04] {Threei}  Microsoft Corp Microsoft Previews Next Release of Windows Phone called "Mango"Threads. Switch between text, Facebook chat and Windows Live Messenger within the same conversation. Groups. Group contacts into personalized Live Tiles to see the latest status updates right from the Start Screen and quickly send a text, email or IM to the whole group.
[10:04] {Threei}  Deeper social network integration. Twitter and LinkedIn feeds are now integrated into contact cards, and "Mango" includes built-in Facebook check-ins and new face detection software that makes it easier to quickly tag photos and post to the Web. Linked inbox. See multiple email accounts in one linked inbox. Conversations are organized to make it easy to stay on top of the latest mail. Hands-free messaging. Built-in voice-to-text and text-to-voice support enables hands-free texting or chatting.
[10:04] {Threei}  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[10:05] {Threei}  I guess speculation about MSFT and RIMM is unfounded
[10:05] {Threei}  seems MSFT goes it on its own
[10:07] {Threei}  CREE GE Spokesperson: Denies reports that it has selected CREE as a bulk supplier; no decision has been made regarding LED bulb supplier
[10:07] {Threei}  JNPR Received subpoena on May 12th from SEC to disclose certain documents
[10:10] {RonS} cree sm s .22
[10:11] {Threei} Short Setup: X  45 break
[10:11] {Threei}  if stays under .10
[10:11] {RonS} s/l .41 tgt 41.40
[10:11] {dino} psmt sm l .27 thinny
[10:11] {dino} aap sm l .55
[10:13] {Threei}  target 1:2, two partials
[10:15] {Threei}  Barnes and Noble Inc Introduces a new smaller e-reader product
[10:16] {Threei}  send them to Detroit
[10:16] {dino} why, smaller people?
[10:17] {Threei}  lol
[10:17] {Threei}  no... here was a headline recently,
[10:17] {Threei}  half of Detroit population can't read
[10:17] {Threei}  but I like your version too
[10:17] {dino} ;)
[10:18] {dino} vit sm l .25
[10:18] {dino} harild camping now predicts earths obliteration on oct 21
[10:19] {nemo} tighten X?
[10:19] {Threei}  last high is .07
[10:19] {Threei}  not much room to tighten...
[10:19] {Threei}  to .06... could be
[10:20] {Threei}  kind of personal preference
[10:20] {Threei}  I'll keep it at original level for now
[10:21] {Threei}  he just reschedules end of the world eh?
[10:21] {dino} yes, something else
[10:21] {Threei}  now that it has been within a cent from 1:1, tightening makes more sense
[10:22] {jfjf64} fcx
[10:22] {jfjf64} 49.00
[10:23] {Threei}  1:1
[10:24] {Threei}  half out, stop to above 45
[10:25] {ese} Lpcx .11
[10:27] {samire} down down   x
06[10:28] * Threei hits X over the head with 2x4
[10:28] {samire} .50 please
[10:28] {samire} yes
[10:28] {samire} that is how i do it
[10:29] {Threei}  1:2
[10:29] {samire} see   it worked
[10:29] {Threei}  I personally am out
[10:30] {nemo} they found oil under parliament in London
[10:30] {dino} wtg guys
[10:30] {dino} 07 all red
[10:30] {RonS} from the greasy house of tudor, ese?
[10:30] {RonS} sorry, parliament...
[10:31] {dino} rld sm l .00
[10:31] {Threei}  ok, 3 for 3 so far, everything worked like charm
[10:32] {Threei}  let's alter our plna for the next batch of plays:
[10:32] {Threei}  emphasis on profit preservation,
[10:32] {Threei}  tradinbg half lots,
[10:32] {Threei}  toghtening stops a bit sooner than we usually do
[10:32] {dino} vit stop -.34
[10:32] {Threei}  I'll comment as things develop, to give flesh of exact numbers to these general principles
[10:32] {ese} out pcx .88 -.21
[10:33] {Threei}  main reason why I want to do it:
[10:33] {Threei}  we just got selloff out of nowhere, no news,
[10:33] {samire} what did have for breakfast today Vad  ??
[10:33] {samire} keep eating the same
[10:33] {Threei}  and this is exactly what undermined our perforamnce yesterday - sudden moves with no setups
[10:33] {Threei}  lol
[10:33] {samire} every day
[10:34] {Threei}  X hit 1:4
[10:34] {nemo} bacon & bacon
[10:34] {Threei}  you out yet?
[10:34] {samire} must be pop bye spanish
[10:34] {samire} with u out
[10:34] {Threei}  yeah, I call it triple bypass breakfast
[10:35] {samire} it is healthy
[10:36] {dino} cbrl sm l .02
[10:36] {ese} spyders gap fill
[10:38] {ese} L cbrl .06
[10:39] {Threei}  EU legislators pass new rules that require most derivatives trades to be cleared
[10:41] {ese} dino....wheres ice these days
[10:43] {ese} came to mind because about a year ago we were doing that goofy Top Gun skit on the board.....damn that was funny
[10:45] {RonS} out cree .40  +.82
[10:45] {Threei}  beautiful
[10:47] {patience} very nice Ron
[10:48] {ese} Lsify .83
[10:48] {RonS} ty...thing was unusually strong yesterday...but tough short w/ shorts covering...
[10:48] {jfjf64} wtg  ron
[10:49] {ese} daaaaaaa.....make that .84
[10:49] {jfjf64} wtg ese
[10:50] {jfjf64} killin it  today
[10:50] {jfjf64} fcx
[10:50] {ese} you miss understand......in at .84, actually .8378669 daaaaaaaa
[10:51] {dino} rld stop -.33
[10:51] {ese} cbrl up dino
[10:52] {ese} was up
[10:54] {dino} was
[10:54] {dino} have to lay out on it
[10:55] {ese} up again
[10:56] {dino} can you say pulp
[10:56] {ese} yup...crap......is that right
[10:57] {Threei} Long Setup:  FCX  .60 break
[10:57] {Threei}  half lot, remember
[10:57] {Threei}  if stays above .50
[10:58] {ese} dino...did you catch my previous posts......wheres ice these days
[10:58] {Threei}  invalidated, turns into double-bottom hunt
[10:59] {Threei}  if holding above .40, no clear trigger yet
[10:59] {Threei} Long Setup:  FCX  .50 break
[10:59] {Threei}  if holding .40
[11:00] {dino} rld rinsed
[11:00] {dino} no ese, let me look
[11:00] {Threei}  thought of aggressive entry, .46... happend too fast
[11:01] {dino} ahh, i get ya. he's occupied for summer
[11:01] {Threei}  1:1
[11:01] {dino} wtf rld
[11:01] {ese} ahhhh well.....we miss him
[11:02] {gregns} ty
[11:02] {Threei}  1:2
[11:02] {Threei}  me out
[11:02] {Threei}  keeping it conservatively safe
[11:03] {Threei}  see sharp drop UUP?
[11:03] {Threei}  that was what caused this market spike
[11:03] {Threei}  Ron... here comes the relief for your Greece news deprivation:
[11:03] {Threei}  (GR) Dutch Fin Min: reiterates Greece needs to show more progress on privatization and fiscal reform before getting any more aid
[11:03] {Threei}  - Concerned about Greece causing a chain reaction if it fails to follow through on reforms.
[11:06] {gregns} so seeing UUP at it's high and most likely going to retrace prompted you to make the fcx call, or at least help with it?
[11:06] {Threei}  help, yes
[11:06] {Threei}  but initial idea was simply a valid setup;
[11:06] {gregns} ty
[11:06] {Threei}  consolidation under .60, forming a break
[11:07] {Threei}  then losing .50 support that invalidated that idea,
[11:07] {Threei}  but forming clear double bottom instead
[11:07] {gregns} ok
[11:08] {Threei}  (EG) World Bank Chief Zoellick affirms a $6B loan will be given for Tunisia and Egypt in coming 2 year span
[11:09] {Threei}  why?
[11:09] {Threei}  I have an idea...
[11:10] {Threei}  if I announce a revolt against my wife's tyranny, then claim a hunger after she resigns - can I get 1B from World bank?
[11:11] {dino} probably
[11:11] {RonS} feerings...
[11:16] {dino}  brb
[11:16] {ese} out sify .97 +.13
[11:24] {Threei}  things are locked in a range
[11:24] {Threei}  ok, meanwhile:
[11:24] {Threei}  http://photography.realitytrader.com/2011/05/streets-of-seattle.html
[11:24] {dino} gj
[11:25] {dino} out cbrl .50, +.50
[11:25] {dino} +.48
[11:25] {Threei}  nice one
[11:26] {dino} out aap .85, +.30
[11:26] {patience} nice pics vad, what did you think of the russian bakery by pike place market?
[11:26] {dino} ty
[11:26] {Threei}  love it
[11:26] {Threei}  cherry with white chocolate
[11:26] {dino} rld drop
[11:26] {patience} authentic?
[11:26] {Threei}  except white chocolate part
[11:28] {dino} ugh cbrl
[11:31] {dino} exam drop
[11:32] {nemo} wow...
[11:32] {nemo} didn't realize the Bruins goalie was 37 years old
[11:32] {nemo} He turned in the best year in the history of the league...at that age
[11:33] {dino} vit sm l .00
[11:34] {dino} hockey an old age sport, lol
[11:40] {dino} bbrl lod
[11:40] {dino} cbrl
[11:43] {Threei}  2nd security breach for Sony
[11:44] {dino} cbrl sm l .75
[11:50] {dino} aap sm l .15
[11:54] {Threei} Short Setup: FCX  .40 break
[11:56] {Threei}  let's modify it
[11:56] {Threei}  aggressive version
[11:57] {Threei} Short Setup: FCX  .50 break
[11:57] {Threei}  if stays under .60
[11:57] {Threei}  I view it rather as aggressive entry for .40 break than a play for .50 break itself,
[11:58] {Threei}  so want more than scalp
[11:58] {Threei}  partials are in order of course, to keep things safe and secure
[12:00] {Threei}  1:1
[12:01] {Threei}  follow the routine
[12:01] {Threei}  half out, stop to .51
[12:14] {dino}  out cbrl .06, +.31
[12:24] {davd} cat
[12:28] {dino} psmt
[12:29] {rizvisy1} psmt
[12:32] {nemo} LNG
[12:32] {ese} just noticed you dcc nemo...sorry
[12:35] {Threei}  that's what he tells me every time he answers my dcc in three days nemo
[12:35] {dino} doesn't answer mine
[12:35] {Threei}  the truth though is, as he confessed while drunk, he enjoys ignoring us
[12:36] {nemo} yeah, my dcc's have mold on them by the time he notices
[12:36] {Threei}  mold? mine actually mate, get married, produce children... and when grandchildren are on the final approach, he answers
[12:39] {dino} sm l psmt .18\
[12:43] {dino} abvt spike
[12:44] {dino} wow
[12:47] {dino} takeover spec
[12:48] {Threei}  yeah, Dealreoporter
[12:49] {Threei}  Fiat S.p.A Chrysler repays bailout loans, as expected- Paid back $5.1B in principal and $865M in interest
[12:49] {Threei}  happy end?
[12:50] {dino} ask ford
[12:50] {jfjf64} here
[12:50] {jfjf64} sleepin
[12:55] {RonS} AboveNet $ABVT Retains JPMorgan to Explore Possible Sale -DealReporter
[12:59] {dino} that should drop, as most do
[13:01] {dino} abvt sm s .64
[13:06] {dino} cov .10, +.54
[13:08] {samire} VRML spiked this morning then faded
[13:08] {ese} am outta here all cya tomorrow
[13:08] {dino} l8r ese
[13:08] {samire} c u
[13:09] {Threei}  take care ese
[13:25] {dino}  sm s abvt .82
[13:27] {Threei}  (US) Fed's Bullard: Reiterates that a pause in monetary policy can allow an evaluation of economic strength
[13:27] {Threei}  - Reiterates that core inflation is an arbitrary figure, energy prices cannot continue to rise indefinitely
[13:27] {Threei}  - Calls for more focus on headline inflation figures
[13:27] {nemo} THEY CAN'T HUH
[13:31] {dino} cov abvt .39, +.43
[13:49] {dino} out psmt .48 ave
[13:49] {dino} +.30
[14:09] {dino} .
[14:10] {Threei}  we are not delighted dino
[14:10] {Threei}  nothing less that 80 cents of profit can wake us up from comae
[14:11] {patience} i'll take it, just paid for a hockey ticket for tonight's game.
[14:13] {dino} tough crowd
[14:14] {dino} you ride abvt down w/me patience?
[14:14] {Threei}  no, not really... just coma is especially deep :)
[14:19] {patience} nope, i am in slw and goldcorp.  bought them yesterday lunchtime
[14:19] {dino} ;)
[14:22] {dino} out aap .45, +.30
[14:22] {dino} took couple hours
[14:23] {Threei}  nice anyway
[14:23] {dino} thx
[14:24] {dino} strange, but profittable day
[14:31] {Threei}  (GR) EU's Juncker: Final assessment on new Greece austerity measures to take place next week; Firmly opposed to full restructuring of Greek debt
[14:31] {Threei}  - Extending maturity of Greece debt cannot be ruled out if its meets fiscal reform targets.
[14:31] {Threei}  - Greece needs to expand state-asset sales efforts; enlarge privatization program.
[14:31] {Threei}  - Aware of public anger in EU regarding Greece bailout.
[14:31] {Threei}  - Will "carefully" consider Greece progress before supporting additional aid.
[14:46] {nemo} soda
[14:47] {dino}  cnbc taste test
[14:49] {nemo} you short it dino?
[14:51] {dino} no, chickened out
[14:59] {dino} these afternoons are dead, summervstarting early
[15:00] {dino} cedc spike
[15:08] {nemo} VIT
[15:10] {dino}  still in it nemo, hours for nothing
[15:10] {nemo} thought that spike and rinse might be the start
[15:11] {Threei} Short Setup: FCX  .50 break
[15:11] {Threei}  just aa scalp
[15:12] {RonS} no bottom cbrl
[15:14] {davd} in fcs s
[15:14] {davd} fcx
[15:16] {dino} cbrl daughters' fav restaurant
[15:17] {RonS} ...that will change...
[15:17] {dino} yes. at 11 i supoose it wi;;
[15:17] {dino} will
[15:19] {Threei}  no go
[15:32] {dino} back in ten
[15:37] {jfjf64} later all
[15:37] {Threei}  take care jf
[15:37] {jfjf64} good day
[15:37] {Threei}  I think I'll wrap it up too
[15:37] {jfjf64} green
[15:37] {Threei}  5 out of 6
[15:37] {Threei}  no complaints
[15:37] {jfjf64} yup
[15:37] {Threei}  thank you all, have a great evening
[15:37] {Threei}  see you tomorrow
[15:37] {jfjf64} ty
[15:38] {rizvisy1} see ya
[15:38] {rizvisy1} bye
[15:55] {dino} cya