Monday, August 1, 2011

Aug 01 2011

3 traders, 3 wins - all 3 were shorts and on the same stock. RIMM was our today's ATM. See the charts and some comments at our newly minted Facebook page.



Session Time: Mon Aug 01 00:00:01 2011
[08:58] {dino} gm all
[08:58] {Threei}  dino, welcome back
[08:58] {dino} ty, you must have had fun last week
[08:58] {Threei}  high drama
[08:59] {Threei}  but I am sure your fun was more plesant, lol
[08:59] {Threei}  watching biockering politicians is hardly my idea of good times :)
[09:13] {dino} .
[09:14] {Threei}  watching SLW and RIMM for short
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:22] {dino} csh spike
[09:22] {dino} bad print?
[09:23] {Threei}  looks so
[09:24] {ese} morning
[09:24] {Threei}  ese :)
[09:24] {ese} dino....welcome back
[09:24] {ese} morning bad
[09:24] {ese} vad
[09:24] {Threei}  whichever you feel is right
[09:24] {ese} lol....bad
[09:25] {Threei}  :)
[09:26] {dino} ty ese
[09:27] {ese} I see your meeting with the congressional leaders went well.....they came around to your point of view
[09:27] {dino} lol
[09:27] {Threei}  well, hea beat them with the club
[09:27] {ese} perfect
[09:27] {dino} played oyster bay/legends on thurs, shot 12 over, gators everywhere
[09:28] {Threei}  yeah, that's modenr politics for ya
[09:28] {nemo} shot 12 gators?
[09:28] {dino} lol
[09:28] {ese} nice......great track
[09:28] {Threei}  RIMM... lost .30 support befor opening
[09:28] {Threei}  watching for bounce to short
[09:28] {Threei}  SLW, need spread to tighten
[09:28] {ese} ha ha nemo
[09:31] {Threei} Short Setup: RIMM  .30 break
[09:32] {Threei}  if stays under .40
[09:32] {Threei} Short Setup: SLW  .90 break
[09:34] {Threei}  RIMM 1:1
[09:34] {Threei}  half out
[09:34] {Threei}  stop to .31
[09:34] {Threei}  1:2
[09:34] {Threei}  1/4 out
[09:34] {Threei}  SLW invalidated
[09:35] {dino} 07 all red
[09:36] {Threei}  RIMM stop to .25
[09:40] {Threei}  ok, time for SLW to remember gravity
[09:41] {Threei} Short Setup: SLW  37 break if stays under .10
[09:42] {Threei}  not a scalp
[09:43] {Threei}  capable of 1:4 at lweast
[09:43] {nemo} watch BBs
[09:43] {Threei}  bed and breakfast??
[09:43] {Threei}  last part RIMM stopped on trail
[09:44] {nemo} made me misse  entry
[09:44] {dino} sunh sm l .15 stop .97
[09:44] {Threei}  entry was before that remark :)
[09:45] {nemo} wanted above .10 this stop too big now
[09:49] {dino} going for open gap fill imo
[09:49] {Threei}  very much looks so
[09:50] {Threei}  out SLW balance
[09:50] {Threei}  wash for me
[09:50] {Threei}  didn't trail, wanted bigger move
[09:51] {nemo} .19 resistance, then .48
[09:54] {nemo} touched .49
[09:58] {Threei} Short Setup: RIMM  25 break
[09:59] {nemo} numbers in 2
[09:59] {nemo} 1
[10:00] {dino} not good? drop
[10:00] {Threei}  bad
[10:00] {Threei}  *(US) JULY ISM MANUFACTURING: 50.9 V 54.5E
[10:01] {nemo} weird, no quotes on rimm
[10:01] {Threei}  hmm?
[10:02] {nemo} when you called rimm, I switched to it, no LII numbers
[10:02] {ese} mine are working nemo
[10:03] {ese} so much for a green day
[10:03] {Threei}  1;1
[10:04] {Threei}  1:2
[10:05] {dino} gj
[10:06] {larisa} did it go to .80 on your screen? my quotes showed .83
[10:07] {Threei}  hit .80 - .81 quickly
[10:07] {Threei}  if you blinked, you missed it kind of speed
[10:09] {dino} unh sm l .05 stop .74
[10:13] {dino} unh stop
[10:25] {dino} www sm l .60
[10:32] {ese} L JAZZ .69
[10:33] {ese} out 1/2 .85 +.16
[10:34] {ese} balance to break even
[10:34] {ese} stopped balance .67 -.02
[10:35] {dino} gj
[10:35] {ese} tks......
[10:35] {ese} didn't think I was going to be trading this morning because I have a show for BC Days today
[10:35] {ese} 11 am
[10:36] {Threei}  St Anne's academy?
[10:36] {ese} yes
[10:36] {Threei}  lol... juts popped up on twitter
[10:36] {ese} busy weekend
[10:36] {Threei}  you can't hide these days
[10:36] {ese} lol
[10:36] {ese} no
[10:37] {dino} titn sm l .40 ave
[10:44] {dino} unh sm l .25
[10:55] {dino} unh stop -.16
[10:56] {nemo} wow, got a db there dino
[10:57] {dino} heathcare blood today
[10:58] {nemo} I actually have support at 47.53
[10:58] {dino} thx
[10:58] {nemo} below that 46.88
[11:20] {dino} sohu, beats and raises
[11:22] {dino} sm l .50
[11:25] {dino} stop
[11:31] {Threei}  thinking whether RIMM's worth another short
[11:31] {Threei}  things makes 52 week lows
[11:31] {Threei}  and looks like total zombie
[11:40] {dino}  11961 gap
[11:44] {dino} nav sm l .50
[12:01] {Threei} Long Setup:  TZA  .06
[12:05] {Threei}  invalidated
[12:11] {Threei}  dino.. regbretting yet returning from the vacation too early? :)
[12:13] {dino} lol
[12:14] {Threei}  jf, ron, samire and soon ese all deccided it was high time to take one :)
[12:14] {dino} was wondering where they were
[12:15] {Threei}  I am sure I forgot someone
[12:15] {dino} gut feel, big bounce coming
[12:15] {Threei}  every xay we get brief period of activity, then day-long stall or very slow move
[12:15] {Threei}  I think drop first
[12:16] {dino} u r right so far
[12:16] {Threei}  here comes TZA
[12:20] {Threei}  to give you an idea just HOW bored I was: I embraced social media, to keep myself busy
[12:20] {Threei}  http://www.facebook.com/RealityTrader?sk=wall
[12:20] {Threei}  tells you something?
[12:23] {dino} 270 pt range so far
[12:32] {Threei}  (US) House Minority Leader Pelosi (D-CA): Undecided about debt limit bill, due to concerns over lack of new revenues
[12:32] {Threei}  neverending drama
[12:39] {dino} yum sm l .25
[13:11] {Threei} Short Setup: RIMM  .50 break
[13:15] {nemo} hey dino, look where UNH bounced
[13:18] {dino}  nice
[13:47] {Threei}  well RIMM
[13:47] {Threei}  shall we dance?
[14:11] {Threei}  1:1
[14:11] {Threei}  this is third short on RIMM today, all three are winners
[14:12] {dino}  gj
[14:13] {Threei}  ty
[14:13] {Threei}  trading between falling asleep, lol
[14:14] {dino} yeah
[14:15] {dino} yum stop .35, +.10
[14:18] {nemo} agnc .10 level
[14:35] {Threei}  1:3
[14:43] {dino}   out sunh .45, +.30
[14:43] {Threei}  wtg
[14:44] {dino} lol, took all day
[15:09] {dino} dgit sm l .25
[15:21] {Threei}  slow but nice
[15:22] {Threei}  DGIT that is
[15:23] {dino} ty
[15:23] {dino} dji going green
[15:26] {Threei}  wven if it is... look how far we are from where we pened
[15:28] {dino} 2.5% intra day moves
[15:41] {dino} green
[15:45] {dino} out dgit .55, +.30\
[15:45] {Threei}  nice one
[15:47] {dino} ty
[15:52] {Threei}  ending in red after such stroing opening, however small that red is, not a good sign
[15:53] {Threei}  ok guys, thank you, have a great evening
[15:53] {Threei}  not bad day, looking forward to another boring but profitable one tomorrow
[15:54] {larisa} bye :)
[15:55] {dino} gn