Back to our usual programming - 1 10 cents stop, the rest are wins.
Session Time: Tue Jun 28 00:00:00 2011
[08:08]
mmmmhhh, LASER seems to have lost 3 months of data
[08:27]
gm
[08:28]
good morning, bounce up in gold and silver this morning
01[08:49]
morning
[08:57]
morning all
01[08:57]
samire :)
[08:57]
ready ?
01[08:58]
to what?
[08:58]
I emptied my pockets and ready to stash some cash
01[08:58]
I have a bag
[08:59]
A bag is too big 4 me
[08:59]
just pockets
01[08:59]
well, what are uoi going to do if there is too much cash?
[09:00]
I have a big hat
[09:00]
cow boy hat
01[09:01]
will do as emergency measure
01[09:05]
wow, violence in Greece
01[09:05]
general strike
[09:09]
gm all
01[09:09]
dino :)
[09:11]
mornin
[09:12]
howdy all
01[09:12]
davd, ron :)
[09:16]
morning
01[09:16]
in the most important news for today, Charlie Sheen gets new sitcom
01[09:16]
ese :)
[09:16]
morning ese
[09:17]
let me guess his new characters name harlie carper
01[09:17]
lol
01[09:18]
character will be similar but the sitcom will be more "racy"
[09:19]
gm :)
01[09:19]
larisa :)
[09:19]
vad :)
[09:20]
Dow is up
[09:21]
sounds like the spinoff from tv show m-a-s-h
01[09:21]
davd, remember warning about TZA overnight? :)
[09:21]
si - glad we were out at .75
01[09:22]
+.10 is soooo much better than -.50
[09:22]
ii correct!
[09:26]
you mean iii correct
[09:27]
any thoughts on open? strong pre-market reversal?
01[09:27]
for the open, feels like buy pullback,
01[09:27]
later on, short into midday and close
01[09:28]
that's general idea... let's see if we can transefr it into exact setups
[09:30]
mornin all
01[09:30]
jf :)
01[09:30]
Long Setup: FCX .90 break
01[09:31]
Long Setup: SLW .95 break
01[09:33]
SLW invalidated for now
01[09:33]
watching it for .70 - .75 entry
01[09:33]
FCX target about 49.20
01[09:34]
1:1
01[09:34]
stop to .85 for the balance
01[09:35]
Long Setup: SLW .80 break
01[09:35]
if stays above .70
01[09:35]
1:1
01[09:36]
1:2
[09:36]
Thanx Vad
01[09:36]
welcome sir
01[09:37]
FCX 1 cent to 1:2, lol
[09:37]
ty
01[09:37]
jf :)
01[09:37]
SLW balance stop to .85
[09:38]
cons conf data early and lwer than estim
01[09:38]
done SLW
01[09:39]
(US) June Conference Board Consumer confidence 58.5 v 61e- Note: Unclear if embargo broken on June consumer confidence originally scheduled for 10:00ET
[09:41]
NLY dino.....
[09:42]
cat
[09:42]
103 roll over
[09:43]
yeah sure
[09:45]
cat still runnin
01[09:46]
lol, was thinking of PLCM .50 break and rejexcted it because of spread
[09:46]
ouch
[09:47]
plcm spike
[09:47]
nly .65 div
[09:47]
meli
01[09:48]
Long Setup: SLW .60 break
[09:48]
ya......
01[09:49]
aggressive .55 break is possible
01[09:50]
if holding .50 of course
01[09:50]
invalidated
[09:52]
lvs dtop
01[09:54]
Long Setup: SLW .50 break
01[09:56]
.43 stop
01[09:56]
.70 target
[09:56]
meli sm l .95
[09:57]
jpm bounce
[09:58]
# got released at 9:37...58.5
[09:59]
thanx dino
01[09:59]
(US) RICHMOND FED MANUFACTURING INDEX: +3 V -3E
01[09:59]
[09:39] (US) June Conference Board Consumer confidence 58.5 v 61e- Note: Unclear if embargo broken on June consumer confidence originally scheduled for 10:00ET
[09:59]
meli stop -.20
01[10:01]
1:1 SLW
[10:02]
thanx Vad
[10:02]
meli rinsed sob
01[10:02]
yw
[10:02]
you were right about the bag
[10:02]
is that "sob" or "SOB" dino?
[10:02]
money are falling from pockets
01[10:03]
1:2
01[10:03]
me out
[10:03]
caps, lol
[10:03]
thanx again
01[10:03]
told ya samire, you need a bag
[10:03]
you are 100% correct
[10:05]
stash the cash
[10:08]
.86 s hal;
[10:11]
L RENN .17
[10:15]
took RENN with u ese
[10:15]
stop ?
[10:16]
out 1/2 .23 +.06
[10:16]
xco basing
[10:17]
stop is .10 for the amount of shs i have
[10:17]
die hal
[10:17]
ya gettin sleepyy
[10:19]
half out
[10:19]
target jf?
[10:19]
no tarket
[10:19]
watch tape
[10:20]
lol
01[10:20]
jf is targetless
[10:21]
50 fib at 47.50
[10:21]
what ya think
[10:21]
balance .19 +.02 Renn
[10:21]
lookin weak
[10:23]
thinking stop is .81
[10:23]
should've dropped
[10:23]
yep
[10:23]
samire....what are ya up there buddy.....
[10:23]
to
[10:25]
making money
[10:26]
perfect
[10:26]
where are you in with RENN?
[10:26]
sold all + .03
[10:27]
.20
[10:27]
i have a low commission
[10:27]
stop
[10:27]
50 cents per 100
[10:27]
shares
[10:28]
i like swks here
[10:28]
mos sm l .97
[10:29]
3i lvs dtop
[10:29]
nice dino......missed it ...I like the look of it
01[10:29]
nah jf
01[10:30]
swks
[10:30]
or cup to big
[10:30]
thanx Vad
[10:30]
swks
01[10:30]
you went for .60 break samire?
[10:30]
i posted above
[10:30]
no
[10:30]
took .53
01[10:30]
good one
[10:30]
thanx
[10:31]
.55 break lvs
[10:31]
hold .65
[10:31]
from http://www.editedout.com/
[10:32]
mkt drop coming imo
[10:32]
careful jf the eur is ripping
[10:32]
invalid
01[10:32]
say, if you advertise them here, do you also advetise us there?
[10:32]
ty
[10:32]
rs
[10:32]
yes
[10:33]
u are much better Vad
[10:33]
honest
01[10:33]
thanks
[10:34]
lol
[10:35]
smr l gs .00
[10:44]
L RENN .19
[10:44]
gj renn
[10:45]
out RENN .34 +.15
[10:46]
daaaaaaaaa what was i thinkin.....1/2 and 1/2.....es ya nimrod!!!!!!!
[10:46]
thanx ese
[10:46]
tks
[10:46]
renn short float 25%
[10:47]
ouuuuuuu.....didn't know that ron.......some panic takin place
[10:47]
Ron where are you getting your short info
[10:48]
easy to check this stuff on finviz.com
[10:48]
whoa....look at it go
[10:48]
tks
[10:49]
hmmmm.....never seen this site before
[10:51]
-Vad......look at slw
[10:51]
shot up
[10:51]
after we sold'
[10:51]
been the best free thing on net for 3 yrs running
01[10:51]
that's fine samire
01[10:52]
I play what I can read, and that move into resistance was what I could read at the moment
[10:52]
noone could have predicted that eur move samire
01[10:52]
look at the 1 min chart in retrospect:
01[10:53]
nasty drop from .90 to under .50,
01[10:53]
red bar after red bar,
01[10:53]
no slightest atempt to bounce, killing bottom-fishers
[10:53]
i c
01[10:53]
look how perfectly we go it on double boottom - it RETROSPECT :)
01[10:53]
in
[10:54]
yes
01[10:54]
but double bottom is an immediate setup, so to speak,
01[10:54]
in a sense that it allows you to read the next move, and not much beyond that
01[10:54]
holding for more or finding next entry would require separate independent setup
01[10:55]
again, look at the same chart and see the resistance around .70:
01[10:55]
9:30 to 9:40 roughly
01[10:55]
bottom of the drops
01[10:56]
broken later around 9:45
01[10:56]
and becoming a resistance
01[10:56]
so, as immediate setup double bottom gave us target
01[10:57]
and I played setup as I saw and could read it
[10:57]
great
01[10:57]
thus no regrets
01[10:57]
I mean, look at it this way:
01[10:57]
there are about 10,000 stocks,
01[10:57]
many of them make moves that you never see or never get a chance to play ot can't read
01[10:58]
there is whole universe of moves you don't participate in, for whatever reason
01[10:58]
this is jist one of them :)
[10:58]
yes
[11:01]
gs stop -.32. i suck today
[11:03]
dino...that why i follow u every other day
01[11:04]
lol
[11:04]
hal s .95 stop hod
[11:04]
lol
[11:05]
jpm wow
[11:06]
lol sami
[11:07]
dino....when i follow u...i ask u 4 stops
[11:07]
i followed ese today
[11:07]
ok
[11:07]
and Vad
01[11:08]
but ese has great anti-following technique... he wears hood, sunglasses and changes cabs every 3 min
[11:08]
wow
[11:09]
any opinion on cree ?
01[11:09]
I'd be looking for long on pullback to about .70- .75
[11:10]
ok
01[11:12]
Long Setup: SLW 32 break
01[11:13]
CREE is there
[11:13]
L ICGN.90
01[11:15]
if you took it, keep stop under .70 and aime to start selling above .85
01[11:16]
half out SLW
01[11:17]
target is .17 - .19
01[11:19]
.95 stop for SLW balance
[11:19]
out icgn .98 +.08......daaaaaaaa
[11:20]
sprd
[11:22]
Muddy Waters is shorting $SPRD
[11:22]
fwiw...not a joke, he is communicating a suposed position
[11:22]
in cree .72
[11:23]
stop .62
[11:23]
supposed
[11:23]
huh?
[11:23]
huh what?
[11:24]
supposed? Position?
01[11:24]
well, I guess it's better than assumed one
[11:25]
how do i know if he actually took it ese?
[11:25]
lol.......well ya got me on that one
[11:26]
check the supposed profit
[11:26]
in the old internet days guys would torch stocks just for fun
[11:26]
long HSOL here
[11:26]
6.15 stop
[11:26]
...and pimp them
[11:26]
is finviz real time ron?
[11:26]
lots of info
[11:26]
delayed
[11:27]
10 or 15 min
[11:28]
sprd drop
01[11:28]
it's a research site, not day trading one
01[11:28]
good morning dino...
01[11:28]
lol
[11:29]
have seen worse sites for sure
01[11:29]
it's a good one, very respectable and well though-through
[11:30]
go cree
[11:30]
sm l .26 sprd
[11:30]
please push
[11:31]
sorry dino......not today
[11:31]
dino's from PA, probably never seen the Big Muddy...
01[11:31]
rofl
01[11:32]
you guys crack me up
[11:33]
damn dial up
[11:35]
mos stop -.17
[11:36]
sold cree for 2 cents profit
01[11:36]
better than poke in the eye
[11:37]
one way to put your two cents in...
[11:37]
i won 6 of 6
[11:38]
wtg
[11:38]
lol...reports that Muddy Waters site crashed on traffic
[11:40]
ese, you there?
[11:44]
Vad.......you did great today.......please eat the same food tomorrow
[11:44]
Fish and chips
01[11:45]
no chips
01[11:45]
protein diet
[11:45]
ok
[11:45]
fwiw...here is whay Muddy Waters is the most dangerous man for Chinese junk stocks: http://scr.bi/j43MNu
[11:45]
why
[11:46]
if ese ever shows again remind me to make the point to him this could have been RENN
[11:48]
glad that i sold cree
[11:48]
wonder if dino sold sprd?
[11:49]
:P
[11:49]
L ORS .61
[11:50]
long ago
[11:50]
hey ese...
[11:50]
yo
[11:51]
read above...these Chinese junk stocks are toxic...
[11:52]
your referring to sprd?
[11:53]
coulda been RENN, ORS or 500 others...
[11:53]
definitely
[11:54]
whats really funny here is that I thought you were talking about Muddy Waters the Blues musician
01[11:54]
oh boy
01[11:55]
I may not live to see tomorrow
[11:55]
:O jeez...
01[11:55]
you guys are killing me today
[11:55]
cree is down
[11:55]
He probably could channel something.......at least through his music
[11:56]
what is ridiculous is that he's dead isn't he?
[11:57]
hmmmmmm am not sure
[11:58]
what am i thinkin.....he'd have to be dead......
[11:59]
he was born early 1900's if i'm not mistaken
[12:00]
yep...1983: http://en.wikipedia.org/wiki/Muddy_Waters
[12:00]
ahhhhhh there we go
[12:00]
yup he's channeling
[12:01]
out ORS .75 +.14
[12:02]
gj
[12:02]
last post on this topic: ese, you should read this: http://www.bloomberg.com/news/2011-06-21/john-paulson-subprime-god-flees-muddy-waters-william-pesek.html
[12:06]
sprd comeback 2 bucks
[12:06]
.40 break short hal
[12:06]
ya....for sure....it's a mess over there for sure.....just a matter of time....interesting article
[12:07]
target 48.00
[12:07]
dino
[12:07]
am liken ICGN again
[12:12]
hal too strong, 0/2 on it
[12:13]
very
[12:13]
.35 was battle
[12:14]
.45 my stop
[12:14]
like it tight
[12:16]
eat the .35
[12:16]
lets go
[12:16]
walk away .35
[12:17]
hall you dontt want violence do ya
[12:19]
step aside .35
[12:22]
great day for Vad
[12:22]
won all
[12:22]
give him a raise
[12:23]
ty sam as im going to be stopped out
[12:23]
lol
[12:24]
just follow Vad
[12:24]
and do not use your brain
[12:24]
i lock mine in the closet
[12:26]
lol
01[12:26]
I lost keys from that closet years ago
[12:27]
trying to find my edge
01[12:27]
lucking trading turned out to be brainless activity
01[12:27]
luckily
[12:27]
edgeless
[12:27]
lol
[12:32]
L ICGN .75
[12:40]
i like cree here again for L
[12:44]
looking for a bounce on cree
[12:46]
.34 break
[12:48]
no bounce yey
[12:48]
yet
[12:54]
out cree here
[12:55]
.29
[12:56]
quck money
[12:57]
why so quick sammy
[13:07]
daaaaaaaaaaa icgn stopped .55 -.20
[13:23]
Vad.....is it double bottom on cree ?
[13:27]
sold cree again
[13:27]
.15
[13:27]
from .11
01[13:27]
this is kind of individual trading samire
01[13:28]
not really suitable for a room call
01[13:28]
I need a bit more room for profit to make a call
[13:28]
yes
[13:47]
crashed
[13:48]
30yr touched 200dma re tlt
[13:50]
whr bstop to .82
[13:52]
to .72
[13:52]
to .65
[13:53]
L ICGN .60
[13:58]
whr to .55
[13:59]
cov .55, +.40
[14:00]
gj dino
[14:00]
gevo bstop to b/e
[14:00]
ty sami
[14:02]
spy at r2
[14:03]
r2 on spy is .46
[14:04]
$ACHN chatter - $MRK in talks to acquire company
[14:07]
$ACHN just priced over 10M shares 5.90 : June 22. makes takeout strange to say the least
[14:07]
ya think, lol
[14:23]
.
[14:24]
..
[14:31]
not participating icgn am outta there .52 -.08 sheesh
[14:32]
quitting while i'm ahead.....catch you all tomorrow
01[14:32]
take care ese
[14:32]
cya vad
[14:34]
cya
[14:46]
.
[14:58]
...am hearing the greek austerity vote is 7 edt...can anyone confirm?
[14:58]
a.m.
01[14:58]
there are a few steps to it ron
01[14:58]
let me find it
01[14:59]
Timeline for Greek parliament votes on five-year austerity and privization plans on June 29th and 30th
01[14:59]
- There will be two votes in the Greek parliament on the five-year medium-term government austerity plan, the so-called Medium-Term Fiscal Strategy (MTFS).
01[14:59]
- First will come a vote on the general plan on Wednesday morning ET (Wednesday afternoon, local time), then a vote on the law to implement the measures on Thursday morning ET (Thursday afternoon local time).
01[14:59]
- If the parliament votes no (analysts see a 30% probability), the 12B tranche of the EU/IMF would be blocked and Greece would be left grappling for funding in a political vacuum pending a likely general election.
01[14:59]
- Yes votes will shift the immediate focus will shift to the Eurogroup meeting on July 3rd. The Eurogroup will look to define a three-year package effectively removing the need for Greece to access bond markets before 2015. While there is no final number as of yet, a package of 85-120B seems likely split between new EU/IMF loans worth 40-70B, Greek privatization receipts of around 25B and private creditor participation of 20-30B.
01[14:59]
end
[15:02]
http://www.infowars.com/cancer-surges-in-body-scanner-operators-tsa-launches-cover-up/
[15:03]
hmmm...hope this goes mainstream...
[15:04]
...the tsa is out of control
[15:14]
...nemo, see it on drudge...that where you got it?
[15:17]
whr sm s .24
[15:17]
DIS long
01[15:19]
Long Setup: TZA .35 break
[15:20]
out dis
[15:20]
scalp
[15:23]
Vad .......do you trade TZA evrey day before the close ?
01[15:23]
no, it's a temporary phenomenon,
01[15:23]
only because I see things are "fear to hold overnight"
01[15:24]
thus selling hitting closer to eod
[15:24]
thanx for the info
[15:26]
gevo stop -.01
[15:31]
did tza trigerred ?
[15:31]
did it print.36?
[15:31]
no
[15:33]
in
[15:33]
well, as usual 3 rinses, mos, gevo, meli
[15:34]
Summer=the season of one entry early
01[15:42]
ok SPY
01[15:42]
time to drop
01[15:42]
whatever you think of Greek vote, it's just too risky
01[15:42]
so sell and go home
[15:44]
i sold .38
[15:44]
what is your stop
01[15:44]
stopped
01[15:44]
under .25
01[15:44]
look ay 1 min
[15:44]
glad i sold
01[15:44]
I wouldn't be
01[15:45]
ths kind of things will greatly undermnine your performance
01[15:45]
stocks will go and you will be left in the dust
01[15:45]
you are trying to guess which one works and which one doesn't
01[15:45]
good luck with that
[15:46]
i know...it is my bad
[15:46]
bye
01[15:47]
(EU) ECB's Trichet: Europe requires a quantum leap in economic governance; reiterates call for a euro zone finance ministry
01[15:47]
- Soft policy cooordination in the euro zone has met the limits of utility, Europe urgently needs a renewed vision for governance.
01[15:47]
oh boy
01[15:47]
these guys won't quit until they destroy everything
[15:47]
whr stop -.13
[15:48]
The Greeks are about to put the kaibosh to the Euro
01[15:48]
you think?
[15:48]
never
[15:48]
you?
01[15:48]
no
01[15:49]
all the projections seem to be that austerity passes
[15:49]
ruin our reputation
[15:49]
yeah, but even if it does, the Cretins will strike and protest, and....and there won't be the revenues to pay the bills
[15:50]
but the greeks will default by summer 2012 and get out of euro. thats my bet
[15:50]
i'm w/nemo. they cannot pay
[15:50]
yeah, 2012, end of the world......
[15:50]
....financial system
[15:50]
They'll continue to fight for their right to retire at puberty
[15:51]
lol
01[15:51]
so, the likeliest deelpment is:
01[15:52]
measures pass the parliament but never get implemented anyway
01[15:52]
agree?
[15:52]
even if they get implemented they won't succeed
[15:52]
but its the rest of euro countries rught to work longer to support them
[15:52]
Yep...and the right will rise again in Germany...
[15:53]
right
[15:53]
La Penn will likely come to the fore in France also
[15:53]
i've been thinking alot lately that if i were greece, i'd just default now
[15:53]
which will also start upping the pressure on Islam
[15:53]
oh shit, I'm thinking again
[15:54]
Where's the Vodka
[15:54]
in freezer
[15:54]
ahhh...thanks
[15:55]
2012 is gonna' be a frickin' mess
[15:55]
I"m going to play with the rabbit
[15:56]
gn all
[15:56]
bye :)
01[15:57]
thank you all, have a good evening
01[15:57]
see you tomorrow
[16:06]
thanks vad