Tuesday, June 7, 2011

Jun 07 2011

One of those days when you can do no wrong. Well, you can but rarely. 10 calls, 8 wins. I can live with such percentage. 

Session Time: Tue Jun 07 00:00:00 2011
[08:59] {dino} gm all
[08:59] {Threei}  morning dino
[09:01] {jfjf64} gm all
[09:02] {Threei}  jf... you OK?
[09:02] {Threei}  never saw you waking up so early
[09:02] {jfjf64} ?
[09:03] {jfjf64} early  riser   just  dont  like saying mornin 2 ya    before 9:26
[09:03] {dino}  lol
[09:06] {Threei}  ok... then it's just a case of well-timed ignoring us
[09:08] {jfjf64} beauty of day  east  coast
[09:09] {dino} indeed
[09:10] {jfjf64} lets  mk  some $$$  and  enjoy
[09:15] {ese} gm
[09:16] {jfjf64} ese
[09:16] {ese} jf
[09:17] {jfjf64} how  ya  sales  pitch  go  for recording  studio
[09:18] {ese} i thought it went well......am not used to going up infront of a corporate boardroom doing that sort of thing
[09:18] {larisa} gm :)
[09:18] {jfjf64} hmm   you  sd of asked 3i   to go with ya
[09:19] {ese} don't know if were gonna get the whole $50,000 but i think were gonna get some of it
[09:19] {jfjf64} im sure it  was tough
[09:19] {jfjf64} im sure  ya will
[09:19] {patience} good morning guys
[09:19] {Threei}  ese, larisa, patience :)
[09:20] {ese} patience vad laris
[09:20] {ese} tks jf
[09:21] {davd} well, i for one am going to be careful about sending naked pix from now on!
[09:21] {jfjf64} ?
[09:21] {Threei}  lol davd
[09:22] {Threei}  guy is absolute and complete idiot
[09:22] {davd} him and the other dozen caught in the last 5 years
[09:23] {ese} what news item are you all referring to
[09:23] {davd} dollar real weak this morning re uup
[09:23] {Threei}  I've never seen anyone in such position appearing on all the tv waves sao wiklingly, attracting so much attention during denial phase
[09:24] {davd} ese, the only one on any major network except al jezeera
[09:24] {Threei}  US congressman, ese
[09:25] {jfjf64} sarah  palin??
[09:25] {Threei}  you wsh
[09:26] {Threei}  lol
[09:26] {jfjf64} yes
[09:26] {ese} man....congressman.......jf
[09:26] {Threei}  but youy get anrew wiener instead
[09:26] {Threei}  not fair trade, I know
[09:26] {jfjf64} yuk
[09:27] {Threei}  no clear opening play
[09:28] {Threei}  watching usual suspects
[09:29] {_taxx31} market gapping up
[09:29] {Threei}  odds of opening jump up or sell-off are equal
[09:30] {Threei}  we norticed, taxx
[09:30] {_taxx31} super lame...all of yesterdays retrace meaningless
[09:31] {Threei}  (GR) Netherlands Fin Min de Jager: reiterates it is not a certainty that Greece will get additional aid
[09:31] {Threei}  - Reiterates the private sector should contribute if Greece gets extra aid.
[09:31] {Threei}  - Notion of a Greek referendum on austerity programs is a bad idea.
[09:31] {Threei}  - REMINDER from 5/26: Netherlands Fin Min de Jager: Greek politicians will have to approve reform or will receive NO Dutch aid.
[09:33] {jfjf64} gs
[09:33] {jfjf64} wow
[09:33] {jfjf64} finnies
[09:34] {jfjf64} .12  break  jpm
[09:34] {Threei}  grrr
[09:34] {Threei}  prepared RIMM alert .60 break
[09:34] {jfjf64} half
[09:35] {samire} short or long ?
[09:35] {Threei} Short Setup: RIMM  .40 break
[09:35] {Threei}  half lot
[09:35] {Threei} Short Setup: SLW  34 break
[09:36] {Threei}  RIMM stop .55
[09:36] {Threei}  SLW .12
[09:37] {nemo} oput slw
[09:37] {Threei}  no worky SLW
[09:38] {Threei}  RIMM 1:1, half out
[09:38] {nemo} missed rimm caught slw...all's right
[09:38] {Threei}  stop to .45
[09:39] {jfjf64} missed  slw  caught  rimm
[09:40] {Threei}  ADBE buyout rumor
[09:43] {_taxx31} slb
[09:44] {Threei} Short Setup: FCX  .10 break
[09:44] {Threei}  if stays under .20
[09:45] {Threei}  not a scalp for me
[09:45] {Threei}  half out
[09:45] {Threei}  stop to .15
[09:45] {Threei}  bid 1/4 more under .90
[09:46] {rizvisy1} gm
[09:46] {Threei} Short Setup: X  .95 half lot
[09:46] {Threei}  morning riz
[09:47] {Threei}  43.10 stop
[09:50] {Threei}  (US) Preview: Jun IBD/TIPP Economic Optimism index due out at 10:00ET**Consensus expectation: 42.0e v 42.8 prior
[09:50] {Threei}  1/4 more out FCX
[09:50] {Threei}  .87
[09:51] {Threei}  feel free to close it as you see fit
[09:51] {Threei}  X 1:1, half out
[09:51] {Threei}  stop .43.01
[09:52] {_taxx31} lol what the hell .. got out of X..and it worked straight away
[09:52] {Threei}  why would you get out of it?
[09:52] {Threei}  it never jeopardized the stop, not even speaking of hitting it
[09:53] {nemo} what was the stop, above 43.10?
[09:53] {Threei}  09:47] {Threei} 43.10 stop
[09:54] {_taxx31} fcx is just gonna be a milker for you
[09:55] {nemo} I should just go back to bed
[09:56] {Threei}  ok X
[09:56] {Threei}  lose that .80 and die
[09:57] {_taxx31} its fighting
[09:57] {Threei}  if holding FCX still, stop 50.01
[10:00] {Threei}  (EU) European Bank for reconstruction and development (EBRD): Markets are not convinced of Greece economic recovery, debt issues are worsening in the EMU recovery
[10:00] {Threei}  - Sees chance that Spain can deal with its challenges
[10:00] {Threei}  good IBD/TIPP number
[10:01] {Threei}  *(US) JUN IBD/TIPP ECONOMIC OPTIMISM: 44.6 V 42.0E
[10:03] {davd} banks strongest sector this morning re kbe
[10:06] {_taxx31} look at FCX bounce
[10:06] {Threei}  followed the market on IBD numbers
[10:08] {rizvisy1} IP bid for TIN
[10:08] {samire} Vad...market is up.....and you made your money on shorts today
[10:08] {samire} amazing
[10:08] {Threei}  well, it dropped after the open
[10:08] {Threei}  so I just went with trend at the time
[10:08] {Threei}  "up" is in the gap, right?
[10:09] {ese} L qpsa sm .22
[10:09] {Threei}  which we couldn't trade since we didn't hold anything overnight
[10:12] {Threei} Short Setup: FCX  .15 break
[10:12] {Threei}  if stays under .25
[10:13] {_taxx31} FCX invalid?
[10:13] {Threei}  modification
[10:13] {Threei}  .20 break trigger
[10:14] {Threei}  if stays under .30
[10:15] {_taxx31} hopefully it works
[10:15] {_taxx31} bounced straight back up
[10:15] {_taxx31} in @ .19
[10:15] {Threei}  market spike
[10:16] {Threei}  stopped
[10:17] {_taxx31} yeah stopped out
[10:17] {Threei}  relief rally
[10:17] {_taxx31} still
[10:18] {_taxx31} should get a short here maybe
[10:18] {Threei}  taxx
[10:18] {Threei}  hit the pause please
[10:18] {nemo} IMO wait until spy around 130.10
[10:18] {_taxx31} k
[10:18] {Threei}  and listen to me for a min
[10:18] {Threei}  trading is different from guessing or gambling or reading chicken entrails
[10:18] {Threei}  trading should be done on certain signals
[10:19] {Threei}  valid setups
[10:19] {Threei}  why have you exited X earlier?
[10:19] {Threei}  ehy do you think FCX should be shorted here?
[10:19] {Threei}  there was no signal to closing X,
[10:19] {Threei}  there is no setup to short FCFX
[10:19] {Threei}  see where I am going with this?
[10:20] {_taxx31} im not holding my nerves today
[10:20] {_taxx31} something wrong in my head
[10:20] {Threei}  if you want to do everything purely on gut feeling, this is absolutely not what we do - although admittedly it does' lay a role
[10:21] {Threei}  but it's an aid
[10:21] {Threei}  not a main method
[10:21] {_taxx31} yes sir
[10:22] {nemo} FFN
[10:22] {ese} dino ...you stalking anything
[10:22] {Threei}  yes but he has to respect restraining prder
[10:22] {ese} lol
[10:23] {ese} interesting jump up with ffn
[10:23] {RonS} do you "like" friendfinder nemo?  ffn
[10:23] {nemo} No, I'd rather pay for it outright so I know what I'm getting
[10:23] {nemo} Boston Phoenix started that sight here in Cambridge
[10:23] {nemo} site
[10:23] {RonS} pay 'em to leave, eh?   lol
[10:24] {nemo} Nah, I always carry a fake ID and never tell them where I live...I always speak in a german accent too
[10:24] {Threei} Short Setup: SLW  34 break
[10:25] {ese} L cat ..09
[10:26] {nemo} .04 if stays under .15?
[10:26] {Threei}  could be if market drops and SLW lags
[10:26] {Threei}  here
[10:26] {Threei}  yes
[10:26] {Threei} Short Setup: SLW  .05 break
[10:26] {Threei}  if stays under .15
[10:27] {nemo} .21 is pivot
[10:27] {Threei}  1:1
[10:27] {ese} have a quick stop for  cat .00
[10:28] {_taxx31} it bounced right over my order
[10:28] {Threei}  stop to .12
[10:28] {nemo} it knew it was your order
[10:29] {Threei}  come on SLW, no rinsing
[10:29] {Threei}  just die
[10:30] {jfjf64} easy  thats  my  line
[10:30] {Threei}  who missed first chance to cover half, here it is again
[10:30] {jfjf64} dieeeeeeeeeeeeeeeeeee
[10:30] {RonS} on cnbc...FFN ceo "We make more money than Facebook. We have a larger client base than Facebook."
[10:30] {Threei}  sorry jf
[10:30] {jfjf64} no  prob
[10:30] {jfjf64} sun
[10:30] {jfjf64} ignor
[10:30] {_taxx31} ffn
[10:31] {_taxx31} is that why it popped? cuz of dude on cnbc ?}
[10:31] {Threei}  stop to .08
[10:31] {ese} really........where did these guys come from Ron......don't recall hearing much about them
[10:31] {RonS} me neither...ask nemo...
[10:31] {davd} sun had target raised
[10:31] {Threei}  they had decent earnings report yesterday
[10:31] {RonS} yes taxx...
[10:32] {ese} my cat 1/2 lot could turn into decent bucks if it breaks above .20
[10:32] {ese} daaaaaaaa stopped.99
[10:32] {ese} =.10
[10:32] {ese} -.10
[10:32] {Threei}  stop to .06
[10:32] {samire} Vad for a president
[10:33] {Threei}  nemo, pains me to say so but... very good spot on modifying SLW entry
[10:33] {ese} we've tried that before
[10:33] {Threei}  1:2
[10:33] {samire} i do not know why the whole world not in this room  ?????????????????
[10:33] {ese} would be too many vodka induced decisions
[10:33] {jfjf64} dieeeeeeeeeeeeee
[10:33] {nemo} yeah, not even sure...o yeah now I remember
[10:33] {Threei}  amazes me too samire
[10:34] {ese} lol
[10:34] {nemo} the wick at .15 and then next couldn't get above .12
[10:34] {Threei}  do your part and let the world know {G}
[10:34] {ese} L cat .03
[10:35] {Threei}  10:33] {ese} would be too many vodka induced decisions
[10:35] {Threei}  lol but, ese,
[10:35] {ese} stop .86
[10:36] {Threei}  do you seriously believe current crop of politicians makes better decisions sober that we would under strong vodka influence?
[10:36] {jfjf64} what  ya  sellin  the  avg joe  doesnt  want    they  want  the get  quick  rich plan
[10:36] {Threei}  right
[10:36] {jfjf64} they dont  want  to  learn
[10:36] {ese} that would me
[10:36] {jfjf64} kudos  to  3i
[10:36] {Threei}  so maybe I shoulf stop peddling that pesky education
[10:36] {RonS} still on cnbs:  FFN CEO notes they have $100 mln more in revs than LNKD and almost double their EBITDA, but trade at a fraction of their valuation
[10:36] {Threei}  and sell pure calls?
[10:37] {RonS} cnbc
[10:37] {RonS} freudian
[10:37] {RonS} could go momo
[10:37] {jfjf64} or  bacon
[10:38] {RonS} wish their were shorts
[10:38] {jfjf64} honest buisness
[10:38] {ese} go cat.......above .20 this time
[10:39] {ese} out .33 +.30
[10:39] {ese} 3/4
[10:44] {Threei} Short Setup: RIMM  .60 break
[10:44] {_taxx31} rimm
[10:45] {Threei}  if bounces into .70, consider aggressive entry there with stop above .80
[10:45] {Threei}  jf's favorite method
[10:46] {_taxx31} entry for short?
[10:47] {nemo} pivot .81, might look for it there too
[10:47] {Threei}  in .69
[10:47] {jfjf64} .68
[10:47] {Threei}  I too love aggressive entries
[10:48] {ese} L cat .08
[10:48] {_taxx31} lol
[10:49] {_taxx31} wheres the stop
[10:49] {Threei}  10:45] {Threei} if bounces into .70, consider aggressive entry there with stop above .80
[10:49] {jfjf64} tax  ya  drinkin  today
[10:49] {ese} cat?
[10:50] {ese} stop .00
[10:50] {_taxx31} PP at .81 tho
[10:50] {Threei}  jusrt under I'd think ,ese
[10:50] {Threei}  pp?
[10:50] {jfjf64} rimm slave  to  mkt
[10:50] {ese} ya could readjust to .98
[10:51] {_taxx31} pivot point like nemo said
[10:51] {Threei}  if SPY goes over 130, will likely kill the play
[10:52] {Threei}  RIMM doesn't really trade here on its own
[10:52] {Threei}  but follows market
[10:52] {Threei}  its own PPs etc don't matter much
[10:52] {Threei}  it's also a bit weaker than market overall,
[10:52] {jfjf64} using  130  break  spy
[10:52] {Threei}  so it's less likely to follow the market up to full exctend,
[10:52] {jfjf64} 4 stop
[10:53] {Threei}  and likely to exaggerate any market downward move
[10:53] {ese} out cat .20 +.12
[10:53] {Threei}  I wouldn't, jf
[10:53] {jfjf64} dieeeeeeeeeeeeeeeeee
[10:54] {Threei}  stop .81, simple and robust
[10:54] {jfjf64} not  know
[10:54] {_taxx31} haha dieeeeeeeee
[10:54] {Threei}  look the very last words in the Taoist Trader course
[10:54] {jfjf64} taxx  you  havee to earn  that
[10:54] {_taxx31} ok
[10:54] {jfjf64} dieeeeeeeeeeeeeeee
06[10:54] * _taxx31 tapes his mouth
[10:55] {jfjf64} lol
[10:55] {nemo} how about putting a plastic bag over your head
[10:55] {nemo} maybe that's a little over the top
[10:55] {Threei}  said kind gentle nemo
[10:55] {RonS} lol
[10:55] {nemo} oh, did my nice twin show up?
06[10:55] * _taxx31 is choking
[10:56] {Threei}  his flowery soul shines through his health care recommendations
[10:56] {jfjf64} boy  if anyone  reads  trader  blog
[10:56] {_taxx31} sorry guys..made a bad play today...down about 55 cents on the day
[10:56] {_taxx31} everything im in doesnt seem to work
[10:57] {Threei}  come on taxx... you are here to trade with us.. you'll be fine if you do
[10:57] {Threei}  so far, 7 calls, 4 wins, one is still open
[10:57] {jfjf64} rules
[10:58] {_taxx31} yeah thats what im saying
[10:58] {_taxx31} 7 calls..and i picked the 2 losers
[10:58] {Threei}  if you are present here but trade something else, you are not taking us seriously
[10:58] {nemo} well, and' it's at least a scalp
[10:58] {Threei}  OK... 1:1, first paretial out
[10:58] {Threei}  that 5 out of 7
[10:58] {nemo} the thought of someone taking me seriously is truly frightening
[10:58] {jfjf64} dieeeeeeeeeeeeeee
[10:58] {_taxx31} x2
[10:58] {_taxx31} i can say that :d
[10:59] {nemo} NO! you can't
[10:59] {jfjf64} not  following  mkt
[10:59] {Threei}  well, you can safely ignore nemo's calls for plastic bag...
[10:59] {nemo} Yeah, but there's always the list...
[10:59] {Threei}  that one won't do much good for your face color
[11:00] {Threei}  that blueish shade looks not very healthy
[11:00] {Threei}  stop to .71, RIMM
[11:00] {Threei}  jf... lookie here
[11:00] {Threei}  we think we are smart for taking agressive entry,
[11:01] {jfjf64} lol
[11:01] {Threei}  but imagine if we waited for super-aggressive near .75 - .77, with stop .81
[11:01] {Threei}  we qwould feel like einsteins here
[11:01] {Threei}  with 5-6 cents stop
[11:02] {Threei}  1:2 baby
[11:02] {RonS} took rimm .72 to .51  thanks 3i
[11:02] {jfjf64} im  not  a  super aggressive trader yet
[11:02] {Threei}  Ron :)
[11:02] {jfjf64} just   agg
[11:02] {Threei}  well, I am half joking,
[11:02] {jfjf64} v
[11:02] {jfjf64} ignor
[11:02] {Threei}  there was a good chance it would simply drop from .70, never giving us that great entry
[11:03] {Threei}  so, .70 entry was a good compromise
[11:03] {_taxx31} market is selling
[11:04] {jfjf64} rimm
[11:04] {Threei}  I don't see any news
[11:04] {Threei}  maybe this
[11:05] {_taxx31} couldnt break 130 so now sold off to .70s
[11:05] {Threei}  NY Fed: Purchased $1.44B in TIPS securities; dealers submitted $7.77B for consideration (bid to cover 5.39)- Heaviest purchase $300M in the 01/15/25 maturity
[11:07] {jfjf64} outta  here  guys
[11:07] {jfjf64} ty
[11:07] {_taxx31} ur done ?
[11:07] {dino}    back in hour, side tracked morning
[11:07] {jfjf64} yup
[11:07] {RonS} cya jf
[11:07] {jfjf64} take $$ and  run
[11:08] {RonS} quote of the day:  Friendfinder should hire #Weiner as a paid spokesperson. Like Bob Dole & Viagra, every biz needs a famous...
[11:08] {Threei}  take care jf, good job
06[11:08] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:19] {ese} gotta go...grad day at my high sch....still L qpsa
[11:19] {Threei}  take care ese
[11:20] {RonS} cya ese...no mashing 'o the chicks...
[11:25] {Threei}  fiiiinally
[11:25] {Threei}  RIMM
[11:25] {Threei}  last piece
[11:25] {Threei}  out .35
[11:26] {RonS} check plab...appears to be basing for a breakout run...some day
[11:26] {RonS} gj 3i
[11:26] {Threei}  ty
[11:26] {Threei}  +.34 or so
[11:26] {Threei}  my math is getting fuzzy after that long
[11:29] {davd} spy at vwap
[11:30] {RonS} aapl lod
[11:39] {RonS} open is busted but i cannot short...
[11:40] {davd} nyx halted
[11:43] {Threei}  OPEC planning to recommend an increase in oil output - world press citing sources
[11:45] {Threei}  guys, anyone's using ApplTv device at hime?
[11:46] {RonS} no
[11:46] {davd} no good?
[11:46] {Threei}  dunno... raving reviews, just had a question on compatibility with PC
[11:48] {RonS} hearing O tv
[11:48] {Threei}  yeazh, with Merkel
[11:49] {RonS} Deutsche Boerse AG and NYSE Euronext Announce Special Dividend of €2.00 Per Share for Shareholders of the Combined Group $NYX
[11:50] {Threei}  (IS) US President Obama and Germany Chancellor Merkel agree that a Palestinian effort for statehood at the UN should be avoided- Notes more pressure will be placed on Gaddafi to step down
[11:50] {Threei}  Gaddafi: you step down
[11:50] {RonS} bigger bombs?
[11:54] {RonS} UK turns up heat on planned EU derivatives rules       06/07 09:51 AM
[11:54] {RonS} New European Union rules to crack down on derivatives must not stifle choice on where to clear transactions, a UK government official said on Tuesday.
[11:54] {RonS} We should not be legislating for monopolies," Gurga said
[11:57] {Threei} Short Setup: SLW  .50 reak
[11:57] {Threei}  stop is so obvious, I won't insult your intelligence by mentioning it
[11:58] {samire} i am glad that i did not swing AKAM yesdterday
[11:59] {Threei}  yeah... I don't know what attracted you in it in a first place
[11:59] {Threei}  ugly chart
[11:59] {nemo} LVS
[12:00] {Threei}  weird spikes in market
[12:01] {dino} .
[12:04] {Threei}  1:1
[12:06] {Threei}  that's 6 for 8
[12:07] {Threei}  I want a medal
[12:07] {nemo} and I just took slw
[12:07] {nemo} I mean LVS thanks vad
[12:07] {Threei}  umm?
[12:07] {Threei}  what do I have to do with LVS?
[12:08] {nemo} it got typed in your room blog
[12:08] {Threei}  by you?
[12:08] {nemo} yeah well, the king always gets the credit
[12:08] {Threei}  makes sense
[12:08] {Threei}  you are welcome
[12:09] {Threei}  but I long the times when king was getting to right of the first night
[12:09] {Threei}  to = the
[12:10] {samire} Vad....please post the link which show you the difference between 1:1 and 1:2 and so on
[12:10] {Threei}  it's just the risk reward ratio
[12:11] {Threei}  initial stop size 10 cents means at 10 cents perofit you hit 1:1
[12:11] {Threei}  at 20 cents you hit 1:2
[12:11] {Threei}  that's it
[12:11] {Threei}  is this what you mean?
[12:11] {samire} 1:1 is more consevative
[12:11] {nemo} it's simple math as long as you have your shoes and socks off
[12:12] {Threei}  1:1 is either a scalp or first partial
[12:12] {RonS} rotflol
[12:12] {Threei}  if you partial, 1:2 is second part out
[12:12] {Threei}  at 1:3 you decide either full out or start trailing stop
[12:12] {Threei}  if going for milk trade, trail stop'
[12:12] {nemo} then again, you could start going fib ratio
[12:13] {samire} which one is the best ? based on history
[12:13] {Threei}  no best
[12:13] {Threei}  depends on one's personal prefernces, type of market
[12:13] {Threei}  trending markets provide longer moves,
[12:13] {samire} thanx
[12:13] {Threei}  jerky ranging markets call for scalps
[12:14] {samire} how do we know which market is today
[12:14] {Threei}  we don't
[12:14] {samire} ok
[12:14] {Threei}  we watch and adjust on the go
[12:14] {samire} make sense
[12:14] {Threei}  there are those who think they can predict in advance
[12:14] {Threei}  we call them arrogant idiots
[12:15] {dino} lol
[12:15] {Threei}  :)
[12:15] {Threei}  all you can do is go with what happens
[12:15] {Threei}  think of it like this:
[12:16] {Threei}  you enter first trade, it goes to 1:3,
[12:16] {Threei}  second, 1:4,
[12:16] {Threei}  third 1:2
[12:16] {Threei}  you take 4th one, you aim for 1:3
[12:16] {Threei}  why?
[12:16] {Threei}  because that's what was happening so far
[12:16] {Threei}  noticed yesterday my call:
[12:17] {Threei}  let's continue at tis pace until firt stop?
[12:17] {Threei}  what was it based on?
[12:17] {Threei}  on the idea that when something works, do it until it stops
[12:17] {Threei}  don't try to outsmart market,
[12:17] {Threei}  follow it,
[12:17] {Threei}  do what works
[12:17] {Threei}  without guessing what is goling to start working
[12:17] {Threei}  and when what you do will stop working
[12:18] {Threei}  and if you want to become this wise, get a Taoist Trader course
[12:18] {Threei}  and in a few months of laborous reading you will
[12:19] {Threei}  SLW 1:2 meanwhile
[12:38] {_taxx31} hmm
[12:38] {Threei}  what taxx?
[12:43] {davd} will raise quota at opec
06[12:44] * Threei is crying
[12:44] {Threei}  [11:43] {Threei} OPEC planning to recommend an increase in oil output - world press citing sources
[12:45] {Threei}  heavens haven't seen so deeply ignored person
[12:47] {_taxx31} why are you crying
[12:47] {_taxx31} i should be crying
[12:47] {Threei}  well, we could always cry together if it wasn't a bit too gay
[12:47] {_taxx31} my trade is stalling at 1:1...its been a bad day so i take my money
[12:48] {_taxx31} right when my order executes...stock gaps another 1:2
[12:48] {_taxx31} lol
[12:48] {Threei}  which trade?
[12:48] {_taxx31} why does this always happen with me
[12:48] {_taxx31} SLB
[12:48] {_taxx31} i picked it off the LOD bounce
[12:48] {Threei}  ok... dunno that trade so can't comment
[12:48] {dino} kro drop
[12:54] {rizvisy1} .
[12:56] {_taxx31} vad..u still looking for trades or are you done for the day
[12:57] {Threei}  I am done when market closed
[12:57] {Threei}  3 hours to go, a bit early to be done
[12:57] {nemo} Vad resides in the future
[12:57] {Threei} Long Setup:  SLW  .60 break
[13:02] {rizvisy1} anyone in SLW?
[13:02] {_taxx31} nope
[13:02] {samire} me
[13:02] {_taxx31} u bought that small .60 break ?
[13:02] {samire} y
[13:02] {rizvisy1} yes
[13:03] {Threei}  - Indirect bidders take 35.63% of competitive bids; direct bidders take 9.16% of competitive bids, dealers take 55.22%.
[13:03] {Threei}  you want to buy after big break?
[13:03] {_taxx31} haha my point being i looked away it broke and was back below .60 when i looked back
[13:04] {nemo} ahhhh...ballbusting
[13:04] {_taxx31} in
[13:05] {Threei}  1:1
[13:05] {_taxx31} 1:1 thanks vad
[13:06] {Threei}  7 for 9
[13:06] {samire} out all .7
[13:06] {samire} 33.70
[13:06] {samire} thanks Vad
[13:06] {_taxx31} vad that happened to me again
[13:06] {Threei}  welcome guys
[13:06] {_taxx31} it got stuck at .68
[13:06] {_taxx31} for a little there
[13:06] {Threei}  so?
[13:06] {_taxx31} put my sell in at .69 .. for 1:1
[13:06] {samire} u must run for president
[13:07] {_taxx31} it executed on my order then printed 71's
[13:07] {_taxx31} always happens to me
[13:07] {Threei}  so what... couple cents, not a big deal
[13:07] {Threei}  .69 is good approximation for 1:1
[13:07] {Threei}  if you went for a scalp, that was valid exit
[13:08] {Threei}  now, your early exit on X in the morning - that bothered me
[13:08] {Threei}  since you dumped a trade that did nothing to provoke such action
[13:08] {_taxx31} yeah dont know man..ive been on losing trades in past couple days
[13:08] {_taxx31} and i just panicked
[13:15] {_taxx31} vad
[13:15] {_taxx31} slw
[13:15] {_taxx31} .60 break short?
[13:17] {_taxx31} didnt take it but almost 1:1
[13:20] {Threei}  not exactly my kind of setup
[13:28] {dino} acor
[13:39] {davd} acor was a tough one - takeover talk
[13:39] {dino} out kro .12, +.62
[14:01] {larisa} gj
[14:05] {dino} ty
[14:19] {rizvisy1} .
[14:19] {Threei}  good point
[14:30] {samire} thank u again Vad for a great day
[14:31] {samire} are you getting better or you are always good.  ?
[14:31] {Threei}  lol... I have no idea how to answer that
[14:32] {Threei}  you are asking it as if I started doing it a few months ago
[14:32] {dino} he's a machine
[14:33] {Threei}  and drinks WD40
[14:33] {nemo} Yeah....I took Vad under my wing, and once he left the nest...
[14:34] {rizvisy1} .
[14:34] {rizvisy1} lol sam, didn't you saw his picture, he is not that young.....
[14:34] {rizvisy1} Iam right Vad...
[14:40] {rizvisy1} .
[14:42] {davd} acor went nowhere
[14:43] {dino} meli sm l .00
[14:44] {dino} it was a short call
[14:45] {davd} oh, well that different :s
[14:46] {dino} yeah, when i post spikes i am thinking short them, fast falls thinking long.
[14:46] {davd} right, i saw the takeover news and figured it would keep going higher.  either way, i didnt get in...
[14:58] {samire} Vad...do you realy drink WD40 ?
[14:59] {Threei}  and eat bolts
[14:59] {Threei}  that's what we machines do
[15:00] {_taxx31} u were 7 of 9 or somemthing today vad?
[15:00] {_taxx31} yeah
[15:00] {Threei}  yes
[15:01] {dino} gj vad
[15:01] {Threei}  ty
[15:07] {rizvisy1} Vad, looking for some set up for good day last hour...
[15:07] {Threei}  me too
[15:08] {Threei} Short Setup: RIMM  .15 break
[15:08] {Threei}  you don't have to ask specifically
[15:08] {Threei}  it's not like I sit and think "id no one asks, I can just sleep"
[15:08] {nemo} sina might be short tooo
[15:08] {_taxx31} lol
[15:09] {_taxx31} stop ?
[15:09] {Threei}  above .25
[15:10] {nemo} there you  go, thinking again
[15:10] {_taxx31} we traded that first SLW break over .60... 1:1
[15:10] {_taxx31} it broke .60 again... 1:5
[15:10] {_taxx31} lol
[15:10] {_taxx31} 1:4*
[15:11] {nemo} abvt
[15:12] {dino} abvt spike
[15:12] {nemo} ahhh dino...look
[15:12] {_taxx31} wow
[15:12] {_taxx31} im looking
[15:13] {dino} gappy sucker
[15:13] {nemo} yeah...vaseline stock if you screw up
[15:13] {_taxx31} what the hell
[15:13] {_taxx31} happened
[15:14] {dino} sm s .66
[15:14] {_taxx31} so sm .. short... .66? what does that mean
[15:15] {Threei}  ummm... price?
[15:15] {Threei}  AboveNet, Inc Hearing Dealreporter speculating the company has received a bid from PE
[15:16] {dino} taxx, sm=400 at 74.66 short
[15:17] {rizvisy1} Taxx31
[15:18] {_taxx31} u shorted abvt dino ?
[15:19] {dino} cov .00, +.66
[15:19] {dino} yes
[15:20] {dino} mei stop -.33
[15:20] {Threei}  nice ABVT
[15:21] {dino} ty
[15:21] {_taxx31} that was a gutsy short
[15:22] {rizvisy1} EGHT
[15:22] {davd} wow gutsy is right
[15:24] {dino} i was a bit late then early, initially wanted 75.50
[15:35] {Threei}  1:1
[15:35] {Threei}  8 for 10
[15:35] {Threei}  ca I leave early?
[15:35] {Threei}  please?
[15:35] {nemo} sure..don't let the door hit you on the way out
[15:35] {Threei}  thank you
[15:36] {nemo} np
[15:36] {Threei}  thank you all, have a great evening
[15:36] {nemo} don't stay out late
[15:36] {Threei}  see you tomorrow
[15:36] {nemo} when the street lights come on you better have your ass in bed
[15:37] {nemo} oh jeez...channeling my mother
[15:37] {rizvisy1} bye Vad
[15:37] {rizvisy1} sleep tight
[15:37] {dino} gn
[15:38] {dino} meli rinse
[15:42] {rizvisy1} hey Sam
[15:43] {rizvisy1} Smire
[15:43] {rizvisy1} Samire
[15:44] {rizvisy1} shorting RIMM?
[15:47] {dino} jobs bloodied
[15:50] {_taxx31} 38.15 was RIMM trigger
[15:50] {_taxx31} i went to take a shower
[15:51] {_taxx31} what did bernanke say
[15:56] {dino} whatever he said market dropped on it
[15:58] {_taxx31} why oh why did i leave
[15:58] {dino} lod
[15:58] {_taxx31} to take a BLODDY SHOWER
[15:59] {_taxx31} gap down tomorrow ?
[15:59] {dino} dk, anything can happen
[15:59] {davd} s&p at y'days low
[16:00] {dino} today negative makes 5 in row
[16:00] {dino} -4% in 5 trade days
[16:01] {_taxx31} i had short SLB @ $84.05 on my preview screen
[16:01] {_taxx31} 1000 shares
[16:01] {_taxx31} with mouse over the send order confirmation
[16:01] {_taxx31} i was like nah...why take risk...got off and went and took shower
[16:01] {_taxx31} came back
[16:01] {_taxx31} SLB closes $82.89
[16:01] {_taxx31} $1,160
[16:02] {davd} dont shower
[16:02] {dino} calling it a day, thx all
06[16:02] * _taxx31 is sobbing heavily.
[16:02] {rizvisy1} look spike in SLB
[16:02] {rizvisy1} Taxx
[16:02] {_taxx31} hedge funds
[16:02] {dino} why no hard stop if you leave?
[16:02] {_taxx31} liquidating
[16:03] {_taxx31} yeah dino
[16:03] {_taxx31} tru
[16:03] {_taxx31} hopefully it doesnt gap up tomorrow morning
[16:03] {dino} learn from it
[16:03] {dino} gn
[16:03] {_taxx31} gn