Tuesday, June 28, 2011

Jun 28 2011

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