January 30, 2008

Session Start: Wed Jan 30 00:00:00 2008

Session Time: Wed Jan 30 00:00:00 2008

[05:27] {cosmo} ETFC pre mkt high = 4.52 so far
[05:29] {cosmo} squeeze rumors...
[05:36] {Threei} insider buys or something like that
[05:36] {Threei} Good morning
[05:37] {cosmo} ALTI: Altairnano Signs $2.5 Million U.S. Navy Contract for Development of Nano-Lithium Titanate Battery Technology
[05:37] {cosmo} Business Wire (Wed 8:00am)
[05:38] {cosmo} 3.89 pre mkt high
[05:40] {Threei} ALTI is one of those... often looks promising, almost never delivers
[05:41] {Threei} catches fire sometimes but most of the time fizzles out
[05:41] {cosmo} hmmm... its time
[05:41] {Threei} would be nice
[05:42] {Threei} we could use momo runner that doesn't notice broader market
[05:42] {cosmo} someone's gonna get a breakthru in battery technology and change the world....maybe
[05:43] {Threei} didn't energizer bunny do that already?
[05:43] {cosmo} he tried
[05:43] {cosmo} old tech
[05:43] {Threei} ah
[05:44] {Threei} non-nano is the term future generations will probably use to indicate stone age tech
[05:44] {Threei} I claim the word coin
[05:44] {cosmo} coin the word?
[05:46] {Threei} don't confuse me that early
[05:46] {Threei} I am confused successfuly without help
[05:46] {cosmo} PN dates = pre nano ...AN = after nano ... right?
[05:46] {Threei} sounds right to me
[05:47] {cosmo} :)
[05:48] {cosmo} SLAB beats est.
[05:49] {cosmo} 32.40 high
[05:55] {cosmo} CYMI: Cymer posts Q4 profit below view, sees lower Q1 revenue
[05:55] {cosmo} at Reuters (Tue 6:17pm)
[05:55] {cosmo} off 18%
[05:58] {dptl} good morning all
[05:58] {Threei} dp :)
[05:59] {magoo} mornink seradmoc
[05:59] {Threei} magoo :)
[06:02] {esemde} morning youzz guys and dolls.....like whats happinin eh.....
[06:03] {Threei} ese :)
[06:03] {esemde} vad
[06:03] {cosmo} here comes the sun, ese :)
[06:03] {dino} gm all, blustery day here
[06:04] {esemde} as in The Beatles "Her Comes The Sun"
[06:04] {Threei} dino :)
[06:04] {cosmo} her?
[06:04] {esemde} Here...opps
[06:04] {cosmo} :)
[06:08] {esemde} Ok ...looking for advice here.....am still long ESLR at .27...closed the day at .55 yesterday...earnings release is after close today and it's bidding up now.....wha da ya think...dump it or hang on till the end of the day
[06:09] {Threei} coin toss IMO, ese
[06:09] {Threei} too many factors involved to make even educated guess
[06:10] {esemde} i'm pretty sure i'm going to dump it....i've held through other earnings releases and it's a crap shoot
[06:10] {Threei} fed day today... what oil does... what solar sector does... and earnings of this particular one on top of it all
[06:10] {Threei} with so much uncertainty, I am pretty sure I wouldn't hold it
[06:11] {lumdus} gm all.
[06:11] {Threei} lum :)
[06:12] {esemde} lump...i mean lum....morning
[06:12] {lumdus} ese, day didn't start and you starting up already ?
[06:12] {esemde} sorry couldn't resist that one....
[06:12] {lumdus} :)
[06:13] {Threei} my take on today guys:
[06:13] {esemde} go for it ........i'm ready ...hit me with your best one...
[06:13] {Threei} 1. market will want to go red and stay red no matter what fed announces
[06:14] {Threei} 2. there will be a lot of repositioning so general trend won't be smooth, hence scalping is in effect
[06:14] {Threei} 3. the closer to announcement time the tighter range is going to be, with accidental jerking around
[06:15] {lumdus} what time is announcement ?
[06:15] {Threei} 2:15 EST
[06:15] {lumdus} ok, so lunch from 1 - 2:30
[06:15] {lumdus} continue ..
[06:15] {esemde} 11:15 our time on the west coase
[06:15] {esemde} "coast"
[06:16] {Threei} my idea of today's entries is the same as last couple days - short bounces
[06:16] {Threei} maybe buy extreme selloffs
[06:16] {Threei} will see
[06:21] {bruce} welcome back lum
[06:21] {dino} and, of course, have fun
[06:22] {lumdus} Bruce, i can't work everyday. need to have fun you know ..
[06:23] {bruce} good attitude lum
[06:23] {bruce} this little piggy went to market
[06:23] {bruce} that little piggy lowered fed rate
[06:24] {bruce} and all the little piggies went oink oink oink as they tried to figure out markket direction
[06:24] {bruce} that about sums up today
[06:25] {dino} perhaps figuring direction is a waste of time, just react
[06:26] {Threei} I second that dino
[06:29] {Threei} watching CYMI for possible short
[06:30] {Threei} .50 resistance so far
[06:31] {Threei} broke, still waiting
[06:32] {Threei} small shares short hwere, 28.10 stop
[06:33] {Threei} in .83
[06:33] {Threei} stopped
[06:33] {lumdus} in flex 11.19
[06:34] {lumdus} stop 11.09
[06:37] {Threei} AAPL long with stop under 130.40
[06:37] {Threei} missed entry so far
[06:37] {Threei} maybe one more pullback
[06:38] {Threei} in
[06:38] {lumdus} stop on flex 11.13
[06:40] {Threei} out AAPL131.10
[06:40] {Threei} +.39 if my math is correct
[06:41] {dino} vmw l .00, sm
[06:41] {dino} trig
[06:41] {Threei} CYMI .80 another short try
[06:42] {Threei} stop just above 29
[06:43] {Threei} in
[06:43] {lumdus} flex 1/2 out .42 +.22
[06:44] {Threei} good one
[06:46] {Threei} CYMI over 1:1
[06:46] {lumdus} out flex .55 +.25
[06:46] {lumdus} +.35 .. sorry
[06:47] {lumdus} easy money made.. i am sure this can go to 12 / 13 today .
[06:47] {Threei} covered half CYMI
[06:47] {lumdus} vad, on a normla day i would hold flex for a full day, it has those charact..
[06:48] {lumdus} however, after your speach this morning of the fed stuff, i am scalping.
[06:48] {Threei} stop to b/e for second half
[06:50] {Threei} stop to above .60
[06:50] {dino} l de .50
[06:52] {dino} de stopped -.30
[06:53] {Threei} out
[06:53] {lumdus} ho, shoots. Flex to 13 man .. maybe i shouldn't scalp
[06:55] {dino} jaso l .25
[06:55] {dino} wide
[06:55] {Threei} RMBS .86 long half lot if stays above.70
[06:56] {bruce} got +.24 in de dino - was able to get .26 entry
[06:56] {bruce} back to flat for day
[06:56] {lumdus} in rmbs .91
[06:57] {dino} gj bruce, went right for my stop
[06:57] {bruce} just lucky dino
[06:57] {Threei} if you feel strongly about FLEX, it pulls back into support
[06:57] {dino} :)
[06:58] {lumdus} vad, not anymore. rmbs much healthier
[06:58] {dino} out jaso .60, +.35
[06:59] {cosmo} YHOO 19.15 hod fyi
[07:00] {dino} fwlt
[07:01] {lumdus} go rmbs !
[07:01] {Threei} RMBS 1:1
[07:02] {dptl} out ty
[07:02] {Threei} :)
[07:02] {lumdus} vad, this one i am going to hold a little
[07:02] {Threei} good luck
[07:03] {lumdus} vad .87 support ?
[07:03] {Threei} at this point, yes
[07:03] {dino} jaso l sm .25
[07:04] {dino} fwlt l sm .01fwlt l .01
[07:05] {lumdus} rmbs suport held very nicely and now breaking. give me more
[07:06] {Threei} Greed is Good. G Gekko
[07:07] {dino} indeed
[07:08] {dino} out fwlt .65, +.64
[07:08] {Threei} wtg
[07:09] {dino} ty
[07:10] {lumdus} stop on rmbs 17.93
[07:11] {lumdus} glad out flex..
[07:11] {dino} out jaso .25, flat
[07:12] {Threei} notice how it made you wish to get back in at the exactly wrong time
[07:12] {lumdus} yes, i notice that.
[07:12] {lumdus} rmbs meanwhile working like a good boy
[07:12] {lumdus} about to toffer 1/2 out on rmbs next run
[07:12] {Threei} this is the way to incorporate emotions you feel in your action - those are likely emotions that drive the crowd,
[07:12] {lumdus} out rmbs 18.22
[07:12] {Threei} so being learned and disciplined trader you can use it
[07:13] {lumdus} +.32 thanks vad
[07:13] {Threei} welcome sir
[07:13] {Threei} 3:4 so far
[07:13] {lumdus} second 1/2 stop 18.03
[07:13] {lumdus} no 4:4 so far
[07:13] {dino} gj guys
[07:14] {lumdus} selling rmbs .45
[07:14] {lumdus} +.65 nice job vad
[07:14] {Threei} congrats
[07:15] {lumdus} ok, that means i take off tommorrw again.
[07:16] {bruce} glad you got o9ut jaso flat - what told you to exit dino?
[07:16] {lumdus} don't slap me .. what time is the fed thing 11:15 or 2:15 ?
[07:17] {Threei} depends on your time zone
[07:17] {dino} oih bruce
[07:17] {bruce} k
[07:17] {bruce} got you
[07:18] {Threei} if you are in Mongolia, or for some wierd reason want to know by their time... one thing
[07:18] {lumdus} i am in NY
[07:18] {Threei} 2:15 then :)
[07:18] {lumdus} ok tx. yeah, i am thick sometimes
[07:19] {Threei} FLEX is ready for bounce
[07:19] {Threei} .33 would be the stop
[07:19] {lumdus} i am watching aci. I like it much better
[07:20] {lumdus} if stays above .88 and breaks 43.04 i am in
[07:23] {lumdus} in aci 43.03 .02
[07:23] {dino} vmw l .00
[07:23] {lumdus} stop 42.89
[07:23] {dino} out .25, +.25
[07:23] {esemde} bstop FLEX .52 1/2 lots
[07:24] {esemde} higher low theory....
[07:26] {esemde} long FLEX .52
[07:27] {esemde} stop .33
[07:27] {Threei} I played it differently ese... but then again, my target was just a quick scalp
[07:28] {lumdus} short c .54 stop .61
[07:28] {esemde} how did you play it VAD.......
[07:28] {Threei} DOE CRUDE: +3.6M V +2ME ; GASOLINE: +3.6M V +2ME ; DISTILLATES: -1.5M V -2.1ME ; UTILIZATION: % V 86.2%E
[07:28] {esemde} bounce.....
[07:28] {Threei} are we swimming in oil or what
[07:28] {lumdus} ou taci -.08
[07:29] {Threei} I just grabbed .42 with 9 cents stop, and dumped into 1:1 when it broke .50
[07:29] {esemde} so I bought your shares...how do you determine a bounce so quickly
[07:30] {lumdus} C not going the right way, needs to go down soon
[07:30] {Threei} definitely not my shares, I sold .53 :)
[07:30] {esemde} could have bee .5212
[07:31] {esemde} how did you determine the bounce so quickly....and what chart are you looking at 1 min?
[07:31] {Threei} 1 min yes
[07:32] {Threei} it bottomed at .34, went above .40, made couple little moves around it, and refused to lose .40 on further selling..
[07:32] {esemde} the drop volume bar was 3 before the low bar. 269000
[07:32] {Threei} risk was so small at this point, and pullback from high so significant,
[07:33] {Threei} with NASDAQ climbing further up, it was a safe enough bet
[07:33] {esemde} so did you do .09 with size....couple of lots
[07:33] {Threei} right
[07:33] {Threei} thick stock
[07:33] {esemde} hmmmm that would be safe....in/out/done
[07:33] {Threei} slippage is not very likely
[07:34] {lumdus} c needs real slippage
[07:34] {esemde} whereas mine has opportunity to fall from here.......hmmmmmm
[07:36] {lumdus} in gm 27.68
[07:36] {lumdus} stop 27.57
[07:37] {dino} jaso drop
[07:38] {lumdus} out gm -.11
[07:39] {lumdus} stop on c 27.58
[07:40] {lumdus} vad, gm trade was bad trading or valid ? (the stop )
[07:40] {lumdus} c
[07:41] {lumdus} out no workey either
[07:41] {Threei} I didn't like entry
[07:41] {Threei} stop placement was right
[07:41] {Threei} entry is too "chasey"
[07:42] {lumdus} .58 would be the right entry ?
[07:42] {Threei} it consolidated for a while under .60, that would be my trigger
[07:42] {lumdus} yeah, i see that.. "too chasey" !
[07:42] {dino} amag
[07:43] {Threei} whith .60 entry, .49 stop you had 1:1 easy
[07:43] {Threei} with .68 entry, risk/reward ratio is not matching the chart setup
[07:44] {lumdus} OK, thanks
[07:44] {dino} amag l sm .95
[07:44] {lumdus} overall good day today. ce ya, be back 2:30
[07:44] {esemde} come on FLEX BABY!!!!!!!!
[07:45] {Threei} {FLEX} huh? you called?
[07:45] {dino} out amag .50, +.55
[07:45] {dino} one of those days...:)
[07:46] {esemde} trying your technique Vad...scream at it a little
[07:46] {esemde} just noticed......it works...how bout that
[07:46] {Threei} t complete the technique, kick them in the rear too
[07:46] {dino} throw something too es, preferrably at magoo
[07:46] {Threei} steel-toed shoes won't hurt
[07:46] {Threei} lol dino
[07:47] {dino} thats what i do
[07:47] {bruce} shoot - had been watching amag and missed yoru call in it dino
[07:47] {dino} amag again drops
[07:47] {esemde} been watching MRVL for a bit.....daily chart looks ready for a break out up.....
[07:48] {bruce} vmw had a nice pop
[07:48] {dino} oops wrong chart
[07:48] {dino} yes vmw, i sold way soon, scalp mode ya know
[07:49] {esemde} scream #2........COME ON FLEX BABY!!!!!
[07:49] {esemde} screamed with the come on as well
[07:49] {dino} amag bruce, give me a bottom
[07:49] {dino} or l trig .00
[07:50] {bruce} looks to me like vmw is settingup for big move again - but I don't have feel forlong or short
[07:51] {dino} toughy w/that destruction yesterday
[07:51] {bruce} 55 even for amag
[07:51] {dino} amag bottom .19 looks like
[07:54] {esemde} heres some words to live by from a musician,,,"LIVE LIFE LOUD" huh huh huh...wha da ya think
[07:56] {dino} i like it
[07:56] {Threei} I do too.. not sure about neighbours though
[07:56] {esemde} tks...i feel thats what what were doin on VADS board
[07:57] {dino} wouldn't bother my neighbors, turning into a party neighborhood
[07:57] {esemde} COME ON FLEX BABY!!!!!!!!!!
[07:57] {dino} why thank you
[07:58] {dino} amag sm l here bruce
[07:59] {dino} ucbi
[07:59] {dino} missed
[08:00] {dino} was thinking 19.80s
[08:03] {esemde} oh oh......
[08:04] {dino} ustr
[08:06] {bruce} ucbi moving again too dino
[08:06] {dino} safm
[08:06] {dino} not enough ucbi, imo
[08:07] {bruce} k
[08:09] {bruce} safm looks good
[08:09] {dino} i like $2+/- on spikes, $2.50+/- on capits, fwiw
[08:09] {dino} and now my secret is out
[08:10] {dino} s safm sm .10
[08:10] {bruce} cool - s0me numbers to play with
[08:12] {dino} see how difficult my system is to use, lol
[08:12] {bruce} lol
[08:12] {bruce} thats the short version dino
[08:12] {bruce} plus watching ndx oih and so forth
[08:13] {dino} find your edge, manage the risk, be consistant, & keep it simple
[08:13] {dino} ktec
[08:15] {dino} safm bstop to b/e
[08:16] {dino} whoa ktec a bit thin
[08:16] {dino} ditch it
[08:17] {bruce} I see that 17 k for day
[08:18] {dino} yeah, wasn't expecting that, might be just 3 guys messing w/it
[08:18] {Threei} RIMM .61 small shares long with stop under .50
[08:18] {Threei} invalidated
[08:19] {esemde} OUT FFFFFFFFFFLEX.......
[08:19] {esemde} .32
[08:20] {bruce} yeah - probably mags roman and vad again
[08:20] {dino} ravn drops
[08:20] {dino} too thin
[08:20] {dino} sigm bit of blood
[08:21] {bruce} sigm dino
[08:22] {Threei} RIMM setup is back, same structure
[08:23] {dino} safm stopped flat
[08:23] {Threei} 1:1 in a hurry
[08:23] {Threei} and over
[08:24] {bruce} triggered before I could pull it up vad
[08:24] {bruce} nice trade - congrats
[08:24] {Threei} ty
[08:24] {Threei} what do you mean before you could pull it up?
[08:24] {dino} sigm .40s?
[08:24] {Threei} it was a few minutes between my aklert and actual trigger
[08:25] {dino} sigm sm l .00
[08:25] {dino} too soon
[08:26] {Threei} dino... magoo left on purpose, to have a reason to blame me again for calling winners when he is away?
[08:26] {dino} yes vad, that was his plan
[08:26] {Threei} thought so
[08:27] {dino} order "the big sandwich" for super bowl
[08:28] {dino} 4 feet of hogie , mmm, mmm, mmmmmm
[08:29] {dino} i see noboby appreciates fine food
[08:30] {Threei} hehe
[08:31] {dino} out amag .40, +.50
[08:31] {Chaeron} Hi all - great to be here
[08:32] {dino} gm chaer
[08:33] {dino} sigm stop to lod not moving
[08:34] {dino} stopped -.24
[08:35] {dino} de lod
[08:35] {bruce} hey chaeron
[08:35] {Chaeron} hi bruce, dino... :)
[08:36] {Threei} chaeron :)
[08:37] {bruce} sigm looks to be reversing dino
[08:38] {Threei} wow RMBS is still moving
[08:38] {dino} what a rinse
[08:39] {bruce} rinse? de?
[08:39] {dino} good call bruce
[08:39] {dino} sigm rinsed me
[08:40] {bruce} k - sorry
[08:40] {bruce} would like to get at 42.75 or so
[08:40] {bruce} with 40 c stop
[08:40] {dino} i would think that it could do that at least
[08:41] {dino} no news out
[08:42] {Threei} RMBS .80 short half lot if stays under 20
[08:43] {dino} de sm l .10
[08:43] {dino} meli disaster continues
[08:45] {dino} nyx
[08:46] {bruce} safm short again .29
[08:48] {dino} out de .50, +.40
[08:49] {dino} too soon
[08:50] {dino} amag drops again
[08:51] {dino} sm l amag .50, wide
[08:53] {bruce} out safm =.20
[08:54] {dino} gj
[08:55] {bruce} thanx dino
[08:58] {dino} amag stopped -.40
[08:58] {dino} taking a lunch break
[08:58] {bruce} bailing amag
[08:59] {Threei} WHITE HOUSE: GDP REPORT TODAY DOES NOT CHANGE OUTLOOK, DOES NOT EXPECT RECESSION
[09:00] {magoo} back
[09:00] {Threei} you left?
[09:00] {magoo} sigh..all morning f'in around
[09:01] {magoo} lol
[09:03] {magoo} i miss alot of trades vad?
[09:03] {Threei} just 1 I think, RIMM
[09:04] {Threei} quick 20 cents, nothing extreme
[09:04] {magoo} ok
[09:04] {magoo} ty
[09:04] {magoo} prob not much now thru decision
[09:05] {dino} gj sigm bruce
[09:05] {Threei} RMBS .99 short
[09:05] {Threei} stop above .10
[09:05] {magoo} full lot?
[09:05] {dino} cpts
[09:05] {Threei} yeah
[09:08] {bruce} I didn't get my entry in it dino
[09:09] {bruce} not paying close enough attention
[09:09] {dino} ohhh mannnnnnnn, :)
[09:09] {bruce} should have raised bid on strenth in it
[09:09] {dino} watching de again
[09:11] {bruce} hmm - amag possible long now dino
[09:12] {dino} was thinking the same bruce
[09:13] {Threei} die already RMBS
[09:13] {dptl} kick it
[09:13] {magoo} how much u thinking? 1 : 1 or more?
[09:13] {Threei} sure
[09:13] {esemde} AH HA....theres that yelling thing again.....
[09:13] {dptl} out +.13 ty
[09:14] {Threei} half out here mags
[09:14] {Threei} stop to 20.01
[09:15] {Threei} 19.91
[09:15] {bruce} thinking .9 trigger in amag with 25c stop
[09:15] {Threei} want it to dive quickly after losing .70 for full cover
[09:16] {magoo} ok
[09:16] {dino} de sm l .14
[09:16] {Threei} here we go
[09:16] {dino} feels lower amag, imo
[09:16] {Threei} .76 stop
[09:16] {Threei} out
[09:16] {Threei} not enough oompn of breakdown
[09:17] {Threei} don't want to sit through bounce
[09:17] {magoo} out TY
[09:17] {Threei} :)
[09:17] {bruce} you're right - amag not finished bleeding
[09:17] {Threei} just in time mags
[09:17] {dino} heck of a daily range on it
[09:18] {Threei} who needs 25 cents bounces
[09:18] {magoo} still a scalpers mkt boss
[09:18] {Threei} sure... especially nearing fed time
[09:19] {Threei} actually, I am amazed we find trades still
[09:19] {dino} cut de not working
[09:19] {Threei} usually less than 2 hours till fed everything's dead
[09:20] {magoo} repositioning into fed
[09:20] {bruce} yeah see that - wasn't in it
[09:20] {bruce} takingbreak
[09:20] {Threei} and you kniw the worst part of today mags?
[09:21] {magoo} what?
[09:21] {Threei} laserdave is not here still
[09:21] {magoo} should be {lasydave he he}
[09:21] {Threei} lol
[09:22] {Threei} trades are fine, something like 5 for 6 or so
[09:22] {Threei} and what I like about today is the same thing as last couple days:
[09:22] {Threei} high percentage of wins and a lot of those that never trigger
[09:22] {magoo} i thought only RIMM?
[09:22] {Threei} hmm? Rimm was one I called while you weren't here
[09:23] {Threei} a few more worked, with one stopped
[09:23] {esemde} is there any reason whatsoever that these fed goofs would not cut rates again today.....
[09:23] {Threei} several non-triggering ones mean we are nicely on being careful side
[09:24] {Threei} by "better miss it than get in so-so one" logic
[09:24] {Threei} ese... you are trying to decipher the way aliens think...
[09:25] {Threei} they have different atmosphere, pkants, animals, pressure, gravity etc... can you really get in their way of thinking? :)
[09:26] {curtisweese} Hi, everyone. I'm a newbie....well I'm reading the course and going through the vids. I have been playing with a little money and paper trading and doing okay since I started with the books though. :)
[09:26] {Threei} RMBS bounce was worth re-shorting... I just felt we are at the end of readable period
[09:26] {Threei} hi curtis, welcome to the room
[09:27] {esemde} i figured...
[09:27] {esemde} curtis...welcome
[09:27] * Threei slaps LaserDave1 around a bit with a large trout
[09:27] {Threei} magoo, don't fall asleep
[09:27] {Threei} curtis... don't heistate to ask questions
[09:27] {Threei} and never mind our being a little bit insane
[09:28] {Threei} this is our way to stay sane in profession demanding insanity
[09:28] {Threei} magoo!!
[09:29] * magoo slaps LaserDave1 around a bit with a large trout
[09:29] * magoo slaps LaserDave1 around a bit with a large trout
[09:29] * magoo slaps LaserDave1 around a bit with a large trout
[09:29] {Threei} finally
[09:30] {Threei} I was about to ask dino to put his elbow in your ribs
[09:30] {LaserDave1} I feel so much better now
[09:30] {Threei} oh hi dave
[09:30] {LaserDave1} ha
[09:30] {magoo} gklad too help bro
[09:30] {LaserDave1} hey thats what friends are for!
[09:32] {curtisweese} Am I going to run into problems trading 20,000 shares at a time using your techiques if I stick with stocks like SIRI that have pretty huge volumes each day? Or is that limiting my potential because of the amount of shares at a time? It just seems that using your techniques and getting even $.02 to $.03 per share on a scalp on a high trade volume stock would be great. Am I off base?
[09:32] {Threei} this is one of scalping techniques
[09:32] {Threei} scalp type 1
[09:32] {dino} amag sm l .20
[09:33] {Threei} with right reading of particular stock it works
[09:33] {Threei} I wouldn't limit myself to just one technique but it's a personal preference
[09:34] {Threei} one thing to keep in mind when focus on such approach:
[09:34] {curtisweese} Like I look at SIRI right nowand I see it just dropped below 3.08 which looks to me like it will keep going down based on the chart. (based on my newbie learning of your teachings!) heheh
[09:34] {Threei} it requires observing particular stock to tgget a feel for how it trades,
[09:34] {Threei} and herein lies the danger:
[09:34] {Threei} at some point stock changes its behavior
[09:35] {curtisweese} Threei, I see. I have been only following this one stock for now since I'm so new..if it starts dropping all the time then I'm in trouble....
[09:35] {Threei} while a trader who got very famiiar with it believes he almost developed special relationship with it
[09:35] {Threei} so he refuses to change
[09:35] {Threei} hopes to sit out a loss
[09:35] {Threei} the rest of the story is well known and very sad
[09:36] {Threei} moral is simple... never fall inlove with stock
[09:36] {Threei} never marry it
[09:36] {Threei} never think you know everything about it
[09:36] {Threei} things change on a dime, roll with punches
[09:36] {dino} amag stopped
[09:36] {dino} done w/it
[09:37] {Threei} I knew people who traded one stock, or very limited basket of stocks
[09:37] {Threei} saw some of them falling into this trap
[09:38] {Threei} also, with stocks like SIRI and such big lots, make sure you have a broker that provides full ECN pass-through and learn to use it
[09:39] {Threei} will cut down commissions greatly
[09:39] {curtisweese} yeah, i saw that too. I'm using that ScottradeElite they have for people with $25k in the account....they swear it is instant execution even versus the direct ECN ....they probably are full of it, eh?
[09:40] {Threei} never used them, can't tell
[09:40] {Threei} but what I mean by pass-through is not even speed of execution
[09:40] {Threei} I am talking about broker passing ECN rebate onto you if you add liwuidity
[09:41] {Threei} liquidity
[09:41] {Threei} it's abig financial help with this type of trading
[09:41] {curtisweese} maybe i will babystep with the other one for a bit and then move over when i get my head on straight
[09:42] {Threei} sure, what's the rush
[09:42] {Threei} I can assure you, market is going to be there in a month or year or 10 years
[09:42] {curtisweese} move to the pass-thru ecn one i mean....this is so fun, but scary. I quit my other addicitions...hehehe.....
[09:42] {curtisweese} If the market is gone, then I guess we all have bigger problems!
[09:43] {Threei} lol
[09:44] {curtisweese} wow! was i right on that SIRI one!....i have been blown away at your course and that it really works right away. (don't worry, I'm not letting my ego get to me!)
[09:45] {Threei} my course works?
[09:45] {Threei} I have a course?
[09:45] {Chaeron} of course
[09:45] {curtisweese} hehe
[09:46] {Threei} never mind... lapse of brain activity
[09:46] {Threei} fed days tend to do that to you
[09:48] {Threei} I don't see CPTS news
[09:48] {Threei} what's with this piggy?
[09:50] {dino} vrad
[09:50] {Threei} I bet dino puts short at 18.50 right now
[09:51] {esemde} I'm otta here all have agreat rest of the day...
[09:51] {curtisweese} bye
[09:51] {Threei} take care ese
[09:51] {esemde} vad curtis
[09:52] {dino} lol 3i, its at 17.40
[09:52] {Threei} yes, so I figured you added a point for safety :)
[09:53] {dino} maybe i should
[09:53] {Threei} anyone sees any news for it?
[09:54] {Threei} .20 short if stays under .50, SMALL SHARES
[09:55] {Threei} invalidated
[09:55] {Threei} likely to spike over 18 now
[09:55] {dino} too soon, stopped .75 -.35
[09:56] {dino} amag getting crushed
[09:56] {curtisweese} now if i was playing SIRI for huge shares, i'd buy now at 3.07 and look for $.02
[09:57] {curtisweese} if i'm doing it right
[09:57] {curtisweese} and there is my .02! heheh :)
[09:57] {curtisweese} sell half and ride rest.....
[09:58] {curtisweese} or not... :( i'm such a newbie
[09:58] {Threei} observe curtis... don't rush
[09:58] {bruce} hly doodle - amag dino
[09:59] {Threei} so far it does what you envisioned
[09:59] {curtisweese} that's why i'm paper trading, sensei
[09:59] {curtisweese} lol
[09:59] {dino} pretty brutal, filling my scanner
[09:59] {Threei} at this rate AMAG will be $1 before the day end
[10:00] {dino} they were at a conference, but i cannot find anything else
[10:00] {Threei} {--- bidding 1.01
[10:00] {dino} cpts now vad s .50
[10:00] {Threei} AMAG HEARING DEFENDED AT A TIER 1 FIRM (TIMING UNCERTAIN)
[10:01] {Threei} stop over .80?
[10:01] {bruce} careful vad - you could lose bigon that trade
[10:01] {dino} .81
[10:01] {Threei} on what trade bruce?
[10:01] {dino} we missed couple pts
[10:01] {bruce} amag at 1 buck
[10:01] {bruce} lol
[10:01] {Threei} oh
[10:02] {Threei} no way
[10:02] {Threei} tier 1 firm will help me out
[10:02] {bruce} oh - lucky you
[10:02] {Threei} so far so good dino
[10:03] {dino} gj
[10:05] {Threei} bidding CPTS .95 for cover
[10:06] {dino} going lower imo
[10:06] {Threei} out
[10:06] {Threei} the rest is yours dino
[10:06] {dino} waiting at 16.40
[10:07] {dino} maybe not
[10:12] {dino} cov .00, +.50 cpts
[10:12] {dptl} rmbs short?
[10:14] {dino} brb
[10:16] {dptl} LaserDave dcc pls
[10:17] {Threei} not sure dp
[10:17] {Threei} it does feel like short to me
[10:17] {Threei} it's just that things become less and less certain as near feds time
[10:18] {dptl} ok thnx
[10:18] {Threei} can try .50 breakdown with stop over .60 but keep it small
[10:20] {dino} vad you take amag? what price?
[10:22] {Threei} AMAG? no
[10:22] {Threei} my bid at 1.01 never got hit {G}
[10:22] {dino} lol
[10:22] {bruce} shame vad
[10:22] {bruce} looked pretty reasonable for a bit there
[10:23] * dptl slaps LaserDave1 around a bit with a large trout
[10:23] {bruce} whats the news on amag - another guy jumping out of a helicopter?
[10:25] {Threei} FDA troubles bruce
[10:25] {Threei} need help dp?
[10:25] * Threei slaps LaserDave1 around a bit with a large trout
[10:25] {dptl} ty lol
[10:25] {bruce} k
[10:25] {dino} boards now saying not amag issue, but who knows
[10:26] {Chaeron} 13:26 01/30 *DJ John Edwards Announces He's Dropping Out Of US Pres Race
[10:26] {bruce} only her hairdresser knows for sure
[10:26] {Threei} there is or was conference call also AMAG
[10:27] {Threei} who knows what is said there
[10:27] {Threei} oh, it's tomorrow... even worse
[10:27] {Threei} guess what curtis... your SIRI idea works like charm
[10:29] {dino} cpts
[10:29] {Threei} XMSR some happiness
[10:30] {Threei} probably what pushes SIRI too
[10:34] {bruce} cvco dino?
[10:34] {curtisweese} Threei, that is the only stock i follow...hehe....
[10:35] {bruce} forget it - too thin
[10:35] {curtisweese} see the handle of the teacup on it?
[10:35] {Threei} yup
[10:36] {Threei} keep in mind that in order to add reliability to your SIRI read you need to watch what XMSR is doing
[10:36] {curtisweese} since i only need a $.02 or so shifts (or so i plan), it is great for me...high liquidity and constant fluctions of about $.10 and I believe it is on the upside, so trend is my friend....(or so i hope!!!..hahahaha)
[10:36] {curtisweese} that is great advice, Threei for sure...i haven't been diligent as much as I should with following XMSR....thanks!
[10:43] {curtisweese} 14 min till Armegeddon :)
[10:44] {Threei} 30... armageddon is at 2:15 today
[10:48] {Threei} OPEC PRESIDENT: GLOBAL OIL STOCKS ARE CURRENTLY HEALTHY, THINKS EXTRA OIL WOULD NOT HELP WORLD ECONOMY- Thinks Q2 world oil demand is expected to fall
[10:48] {dino} i need more patience, cpts got to 16.40
[10:49] {Threei} good read
[10:49] {curtisweese} greeeeeed lol
[10:49] {dino} abfs
[10:49] {bruce} bang - your cpst cover would have just triggered dino - nice read
[10:49] {dino} but i chickened out
[10:49] {bruce} you got .50 though - still nice - gret read
[10:49] {dino} ty
[10:50] {dino} bruce, oih, fslr, spwr, jaso
[10:50] {dino} all down big
[10:51] {bruce} yes - watching
[10:56] {lumdus} bruce, what we watching now ?
[10:57] {Threei} TV
[10:57] {lumdus} which show ?
[10:57] {curtisweese} cnbc for me
[10:57] {Threei} Feds Interrupted
[10:58] {dino} vh1
[10:59] {dptl} wierd russian show about zombies here
[10:59] {lumdus} i would take yrcw .. but i am not going to be "too chasey" .. love that phrase vad
[10:59] {Threei} lol dp
[10:59] {Threei} why do you need more zombies, there are enough of those in the market
[11:00] {dptl} :)
[11:00] {bruce} amag, hans, jec sigm among others lum
[11:00] {lumdus} any connection bruce ?
[11:00] {dino} fxre
[11:01] {bruce} just fair sized moves in them lum
[11:01] {dino} wow
[11:01] {lumdus} will take short nbr if it breaks 26.67
[11:01] {Threei} yesss
[11:02] {lumdus} yes what ?
[11:02] {Threei} nopw on top of all my Nigerian and Ivory Coast luck, guys from Sierra Leone want to give me 12.3 mil
[11:02] {Threei} just how much luck can one person have
[11:02] {dptl} lol
[11:02] {bruce} russian zombies are the worst dp
[11:03] {bruce} especially watch out for those w cats following
[11:03] {bruce} scary stuff
[11:03] {lumdus} i am lost , have no idea what you talking about
[11:03] {bruce} geesh lum
[11:03] {bruce} join the club
[11:03] {bruce} we're all lost
[11:03] {Threei} lol
[11:04] {Threei} come on lum... don't you know, nigerian guys running around, offering you big money...
[11:04] {bruce} our fearless leader is in coma
[11:04] {bruce} and we're just barely keeping him awake with trout slaps
[11:04] {Threei} my news supply has no FXRE symbol
[11:05] {Threei} can't check on news
[11:05] {Threei} but with this spread... no real need :)
[11:06] {Threei} bruce, I'll have to disappoint you
[11:06] {Threei} my coma is too deep and permanent to be broken with trout
[11:06] {bruce} I know vad
[11:06] {bruce} we gave up breaking it
[11:07] {bruce} just try to keep you from slipping into deeper coma
[11:07] {Threei} 6 min till popcorn time
[11:08] {lumdus} short NBR 26.67 stop 26.71
[11:10] {curtisweese} doh!
[11:11] {curtisweese} the tight stops are everything aren't they? such an easy thing to do in theory and sooooo hard in practice...grrrr
[11:11] {Threei} gets easier with practice
[11:11] {LaserDave1} here comes the market going nuts
[11:11] {lumdus} curit, i had tight stop because popcorn time.
[11:11] {lumdus} so i took .05 loss
[11:12] {curtisweese} lumdus, but that was a smart play....even though you lost a tad.....still smart exit!
[11:12] {Threei} keeping NVDA on screen as possible follower if I get read on market direction
[11:12] {lumdus} if it wasn't pop time i would have had stp 26.81
[11:12] {magoo} i minute.I CAN'T TAKE IT!!!!!!!!!!!!!!!!!!!
[11:12] {dino} .50
[11:13] {magoo} hgalf
[11:13] {curtisweese} nice
[11:13] {lumdus} in xmsr 11.79
[11:13] {lumdus} stop 11.72
[11:13] {Threei} half point as expected
[11:13] * bruce slaps magoo around a bit with a large trout
[11:14] {bruce} sigm dino - nice pop
[11:14] {magoo} 1 vote against..fisher...no rate change he wanted
[11:14] {Threei} short time IMO
[11:14] {dino} run it up 120, then to negative
[11:15] {magoo} aapl?
[11:15] {Threei} anything that follows market
[11:15] {Threei} NVDA, AAPL, RIMM... QID long
[11:15] {Threei} NVDA +.25 since short alert
[11:15] {lumdus} banks happy
[11:15] {Threei} .30
[11:16] {Threei} little bounce now, and short at will, this market is dead in the water, IMO
[11:17] {magoo} rimm nears day high
[11:17] {Threei} if chose NVDA for shorting, stop .21
[11:18] {lumdus} short grmn 69.85 stop 70.01
[11:18] {lumdus} ok, let's see if we dead in the water now
[11:19] {Threei} half out NVDA +.25
[11:19] {magoo} I'M TOO TOO NERVOUS
[11:19] {lumdus} stop on grmn 69.83 not taking a loss on this
[11:19] {Threei} stop .11
[11:19] {lumdus} me too magoo.
[11:20] {magoo} i'm kidding tho lol
[11:20] {lumdus} out grmn 69.73 +.10
[11:21] {magoo} vad, what entry u get nvda short?
[11:21] {Threei} .10 on bounce
[11:21] {Threei} missed first time
[11:21] {Threei} while typing alert, lol
[11:22] {magoo} rimm interesting here, not in
[11:22] {magoo} mkts up again
[11:22] {dino} l sm spwr .42
[11:22] {curtisweese} in SIRI 3.06
[11:23] {dino} theres my 120
[11:23] {curtisweese} nice
[11:24] {dino} out spwr 71.42, +1.00
[11:25] {dino} dwsn l .89
[11:26] {Threei} *FOMC CUTS TARGET RATE 50 BPS TO 3.00%; SEES CONTINUED DOWNSIDE RISKS
[11:26] {Threei} -Vote 9-1 for Target Rate (Fisher dissented, preferred rates unchanged); Discount Rate cut decision was unanimous
[11:26] {Threei} -Credit tightened further for business and households, sees "deepening contraction" in housing market slump, with softening in labor markets
[11:26] {Threei} - Fed in its statement says financial markets remain under considerable stress, Fed notes will act in timely manner as needed to address economic risks,
[11:26] {Threei} and rate cut should promote moderate growth, yet risks remain.
[11:26] {Threei} - Fed expects inflation to moderate in coming quarters
[11:28] {bruce} wow - rate cut last week - rate cut this week- stimulus package w refund to all taxpayers
[11:29] {Threei} can you say "running out of ammo"?
[11:29] {bruce} kind of smells of fear
[11:29] {Threei} can you say "inflation galore"?
[11:29] {bruce} when was last time we got tqax rebate vadster?
[11:29] {Threei} try never
[11:29] {bruce} yeppers
[11:29] {Threei} unless you are in Alberta and got "prospreity check"
[11:30] {bruce} ah - forgot about thqat one
[11:31] {bruce} changing topic _ I thought you didn't play first fomc move vad?
[11:31] {Threei} i didn't
[11:31] {Threei} I let it jump without me
[11:31] {bruce} k
[11:32] {Threei} bidding NVDA balance .65, stop to 25.01
[11:32] {dino} rbcn
[11:33] {Threei} actually
[11:33] {Threei} changing my mind
[11:33] {Threei} stop is 25.01 alright
[11:33] {dino} stopped dwsn -.40
[11:33] {Threei} cancelling cover
[11:33] {Threei} if I am right and market dies serious death now, it goes much lower
[11:34] {dino} dwsn, rinsed
[11:34] {Threei} .65 was reached... let's see now whether greed got better of me :)
[11:35] {lumdus} vad, but watch ho far grmn can fall. it knows alot better :)
[11:35] {Threei} yeah but I can't play size on GRMN
[11:36] {lumdus} vad, my xmsr still might work long for me. 11.79 was in with stop 11.72
[11:36] {Threei} lol... curtis guess what I just did
[11:36] {lumdus} hey, you never know
[11:36] {curtisweese} what?
[11:36] {Threei} scalped 2 cents on your beloved SIRI {G}
[11:37] {Threei} added liquidity on both entry and exit
[11:37] {Threei} almost commissions free trade
[11:37] {curtisweese} nice!!! hahah...i'm waiting for 3.10 since i'm only trading 650 shares during training. normally 2 is enough for me!
[11:37] {curtisweese} $.02 that is ;)
[11:38] {Threei} argh, could have whole 3 cents {G}
[11:38] {curtisweese} here comes .10...come on baby!!
[11:38] {Threei} ok, you are making a mistake here as far as training goes
[11:38] {curtisweese} oh..what
[11:38] {Threei} you have MPP already, no?
[11:39] {curtisweese} what is that? made profit?
[11:39] {Threei} it was mailed separately from the rest of package, so not sure it reached you yet
[11:39] {Threei} master profit plan book
[11:39] {curtisweese} oh...lol
[11:39] {curtisweese} just got it...haven't checked it yet...after hours today
[11:39] {Threei} OK, practical trading part
[11:39] {lumdus} stop on xmsr b/e 11.79
[11:39] {Threei} decsribes how paper trading and small shares should be done
[11:40] {Threei} one of principles is,
[11:40] {Threei} trade as you would with real size
[11:40] {Threei} no adjustment for your current size, it defeats the purpose
[11:40] {Threei} you aim to learn how to trade with certain share size,
[11:40] {curtisweese} got you...and call fees tuition...
[11:41] {Threei} how do you learn it if you change your stops and targets for the "training size"
[11:41] {lumdus} curits, when you start trading for real. Post your trades, if you act stupid, you get slapped. . I am telling you will do very well
[11:42] {Threei} and if for no other reason... we will get a pleasure of slapping you
[11:42] {curtisweese} hahah
[11:43] {lumdus} yeah, but i am serious. vad will catch your mistake and you wont make it again.
[11:43] {curtisweese} cool!!!
[11:44] {Threei} die market
[11:44] {Threei} show dp what real zombies look like
[11:44] {lumdus} why you want it to die ? i need my xmsr to shoot the roof
[11:44] {Threei} ummm... because I am short NVDA
[11:44] * magoo slaps curtisweese around a bit with a large trout
[11:44] {dptl} lol
[11:45] {Threei} that's training slap curtis... wait till you start trading real size
[11:45] {curtisweese} well bought 650 siri at 3.06 and was holding to cover commissions with small amount of shares..... selling now at 3.09.....
[11:45] {curtisweese} sold!
[11:45] {curtisweese} $.03 scalp :)
[11:46] {magoo} vad, any read RIMM?
[11:46] {magoo} AAPL?
[11:46] {lumdus} common xmsr - why can't you just go up ?
[11:47] {Threei} hmmm
[11:47] {magoo} OY
[11:47] {Threei} conflicted a bit here mags
[11:47] {Threei} my strong feeling for the market is down
[11:47] {Threei} RIMM charts has no indication of setup
[11:48] {curtisweese} there goes SIRI
[11:48] {Threei} for short I mean
[11:48] {curtisweese} broke 3.10 resistance
[11:48] {curtisweese} is that right term for the top?
[11:48] {Threei} and I don't feel like going long on it
[11:48] {dino} c'mon 3i, how do you really feel
[11:48] {lumdus} stop on xmsr 11.83
[11:48] {magoo} vad, my minute charts of rimm and qqq are identical
[11:48] {lumdus} dino, i feel xmsr about to give me huuuuge
[11:49] {dino} lol
[11:49] {curtisweese} how do i tap into this "feel" technique?
[11:50] {bruce} curtis -
[11:50] {Threei} stopped NVDA balance
[11:50] {bruce} first you drink large quantities ofbeer and vodka
[11:50] {curtisweese} check!
[11:51] {bruce} then you get a cat that disconnecxts your internet connection for you
[11:51] {bruce} then you do terrible unspeakable things to a donkey
[11:52] {curtisweese} mule doesn't work, eh?
[11:52] {dino} lol
[11:53] {bruce} no\needs to be donkey
[11:53] {bruce} and youneed to attach a crayon to his tail
[11:53] {bruce} or maybe it's just his butt
[11:53] {bruce} vad can confirm
[11:54] {bruce} then you go into deep coma curtis
[11:54] {lumdus} stop on xmsr 11.87 not looking to hot
[11:54] {bruce} about that point you'll be ready for feel
[11:54] {Threei} short RIMM small
[11:54] {Threei} stop just above 95
[11:56] {magoo} in rimm vad.77
[11:56] {magoo} small
[11:56] {dino} xlf s .05, stop .21
[11:57] {magoo} stoppeed
[11:57] {magoo} 3 pm..sell or run to bell?
[11:57] {magoo} dunnop
[11:57] {Threei} no idea
[11:57] {lumdus} xmsr stop moved to 11.89 nice and tight
[11:57] {Threei} initial pereception was wrong
[11:58] {magoo} dunnop=dunno
[11:58] {magoo} i dunno either
[11:58] {bruce} tough to play rimm with such small stops
[11:58] {Threei} quite justified in this case bruce
[11:58] {magoo} well, with 200 or 300
[11:58] {magoo} can allow wiggle
[11:58] {bruce} understood - nice potential
[11:58] {bruce} I like it
[11:59] {bruce} was worth the try
[11:59] {magoo} everyone thought tank regarless of .25 or .50..so guess what? UP
[11:59] {magoo} could pullbk hard
[12:00] {dino} back in 10
[12:00] {bruce} nvda spike
[12:02] {lumdus} xmsr needs to break 12.00 now !!
[12:02] {lumdus} and no, no going down just for vad .. got that !
[12:03] {Threei} nope
[12:04] {lumdus} oh, vad xmsr .. when it goes through 12 i have good one
[12:04] {Threei} just did
[12:05] {lumdus} offering xmsr 13.75 .. ha haa
[12:06] {lumdus} stop on xmsr 11.94
[12:06] {dino} xlf stopped -.16
[12:07] {lumdus} vad, my 11.94 stop on xmsr ok ?
[12:08] {Threei} quite
[12:10] {dptl} nvda short?
[12:10] {Threei} doesn't look like that
[12:10] {Threei} holding near the high during market pullback
[12:10] {dptl} ye..you rght
[12:10] {dino} sm, s fxre .86
[12:11] {lumdus} stop on xmsr 11.97
[12:15] {lumdus} in sgp 19.45
[12:15] {lumdus} stop 19.35
[12:16] {dino} shpgy
[12:19] {lumdus} dino what is shpgy ?
[12:19] {dino} shire plc, drugs
[12:21] {bruce} clwr on break of 13 dino?
[12:21] {lumdus} stop on sgp 19.43 .. getting late in the day
[12:22] {curtisweese} in on xmsr at 12.00
[12:23] {lumdus} xmsr you fail 12.00 and i say goodbye
[12:26] {dino} cycc
[12:30] {curtisweese} DOH! hehe...i accidently sold xmsr at the same price i bought it for.....tuition fees.....lol
[12:32] {lumdus} sgp new stop 19.45 (b/e)
[12:33] {dino} clwr long bruce?
[12:34] {bruce} thats what I thought dino
[12:34] {bruce} not relly moving at moment though
[12:35] {dino} y stuck, but a break yes
[12:36] {bruce} moving now
[12:36] {dino} goig for negative
[12:36] {dino} going
[12:36] {Threei} enough time for Dow to go red?
[12:36] {lumdus} out xmsr 11.99 + .20
[12:37] {dino} yes
[12:37] {dino} gj lum
[12:38] {lumdus} tx dino. still in my last trade for the day (per my rules) sgp 19.45 stop b/e maybe i get some who knows
[12:38] {magoo} u like nvda short
[12:39] {Threei} no
[12:39] {Threei} lost mobility
[12:39] {Threei} too narrow
[12:40] {curtisweese} buying SIRI at $3.09 for $.02 end of day scalp :) ( at least i'm thinking $.02)
[12:40] {dino} you talking about magoo's lack of mobility?
[12:40] {Threei} lol
[12:40] {curtisweese} uh oh...not good....it is going wrong way.....
[12:40] {magoo} as i drive by dinos office on a new rascal mobilitynscooter
[12:41] {dino} i'd like to see you doing that\
[12:41] {bruce} wow - bet you look real cool on it mags
[12:41] {bruce} you got a helmet for it?
[12:42] {bruce} and a nice basket
[12:42] {bruce} gotta have a basket
[12:42] {dino} lol
[12:42] {magoo} i have a bell
[12:42] {patience} a beer basket
[12:42] {dino} indeed
[12:43] {dino} i think george castanzza had one
[12:43] {Threei} red
[12:43] {dino} dji negative vad
[12:43] {Threei} yup
[12:43] {lumdus} common sgp, you can go up
[12:43] {bruce} can carry geritol in the basket too
[12:43] {dino} he's not "that" old
[12:44] {bruce} lol
[12:44] {bruce} never hurts to be prepared
[12:45] {bruce} pretty wild moves - up then down
[12:45] {lumdus} ok, done out sgp 19.48 +.03
[12:45] {dino} ndaq and nyx taking a beating today
[12:45] {lumdus} have a good evening all - great day in the room
[12:46] {bruce} night lum
[12:46] {dino} later lum, gj
[12:46] {dino} hate to do it but...dieeeeeeee fxre
[12:48] {bruce} xl dino 2 buck dump
[12:48] {bruce} 3 actaul;ly
[12:48] {LaserDave1} hey guys if you are using laser
[12:48] {LaserDave1} please use ARCA
[12:49] {LaserDave1} have route out arca checked
[12:49] {dino} cov fxre .39, +.47
[12:49] {magoo} why dave?
[12:49] {magoo} been bad quotes
[12:50] {dino} calling it a day, double daily
[12:51] {Threei} thank you all
[12:51] {Threei} have a good evening, see you tomorrow
[12:51] {bruce} congrats dino
[12:51] {magoo} vad, whats dave trying tio do?
[12:51] {magoo} with arca
[12:51] {bruce} thanx vad
[12:51] {dino} thx for ideas bruce
[12:51] {dptl} have a good evening all
[12:52] {dino} take care all
[12:55] {bruce} welcome dino
[13:02] {bruce} night everyone

January 29, 2008

Session Start: Tue Jan 29 00:00:00 2008

Session Time: Tue Jan 29 00:00:00 2008

[05:38] {magoo} mornoing
[05:40] {Threei} good morning
[05:41] {hawkfan4} good morning Mags, Vad, all
[05:42] {Threei} magoo, hawk :)
[05:54] {cosmo} ZRAN (beats/warns) pre mkt high = 12.15 fwiw
[05:55] {magoo} can u imagine..vmw..beats estimates and crushed 23 points
[05:57] {esemde} good morning
[05:58] {Threei} ese :)
[05:59] {Threei} [VMW] VMware Sees 2008 revenue up about 50% - conf call
[05:59] {Threei} - Implies 2008 sales of about $1.995B v $2.08Be.
[05:59] {Threei} - Sees 2008 non-GAAP operating margins in mid-20%s. Q1 margins expected to be seasonally lower.
[06:00] {Threei} 07:43am [VMW] Shares cut to average from buy at Caris; Price Target $60
[06:01] {Threei} just goes to show mags...
[06:02] {dptl} good morning all
[06:02] {Threei} as usual, attempts to predict market movements off the common sense are doomed
[06:02] {Threei} dp :)
[06:05] {magoo} yeah
[06:08] {Threei} AAPL strong
[06:09] {magoo} wasn't aapl high yesterday like 136?
[06:09] {Threei} I show 132.68
[06:10] {magoo} ok
[06:12] {Threei} bruce, how are you coping with cold?
[06:12] {Threei} tv says -50 C... true?
[06:13] {dino} gm all
[06:13] {Threei} dino :)
[06:14] {dino} wow, that's cold
[06:14] {dino} i'm not moving there, we get -10 and i've about had it
[06:15] {Threei} no kidding dino
[06:15] {esemde} SNDK revs down about 100 mil trading down about 6%
[06:15] {bruce} trying to stay inside vad
[06:15] {bruce} definitely frosty
[06:16] {cosmo} LMRA: Lumera receives order and enters into agreement with Lockheed Martin
[06:16] {cosmo} Briefing.com (Tue 8:46am)
[06:16] {bruce} spent 40 mins shovelling snow yesterday - not fun
[06:16] {Threei} -50 C = -58 F
[06:16] {bruce} wind chill
[06:16] {bruce} its about - 36 w/out wind
[06:17] {bruce} just plain nasty frankly
[06:17] {esemde} -50 whoaaa ...where do you live Bruce
[06:17] {bruce} central canada - saskatchewan here
[06:17] {Threei} [LMRA] Lumera Corporation Receives order from Lockheed
[06:17] {Threei} - Received a purchase order from Lockheed Martin for Lumera's high electro-optic activity materials. The term of the existing agreement was extended through December 31, 2009, during which time Lockheed Martin will advise Lumera of its intentions regarding a commercial license for the materials.
[06:17] {bruce} we have a couple weeks a yr of this really frosty stuffr most yrs
[06:18] {dino} man....that's cold
[06:18] {esemde} I'm from Saskatchewan....mom from Central Butte...dad from Indian Head...lived in Regina....
[06:19] {bruce} stoon here ese
[06:19] {bruce} small world
[06:19] {magoo} bruce, u in a city up there or remote?
[06:19] {esemde} thats too bad....
[06:19] {bruce} city mags
[06:19] {bruce} saskatoon
[06:20] {bruce} can get frostbite w/out even realizing it at these temps
[06:20] {bruce} need to dress for it
[06:21] {esemde} never liked Stoon...lost a provincial chess semi final to some guy from Stoon..lost a high school badminton semi final to some guy from Stoon...lost my first girlfriend to some guy from Stoon....
[06:21] {Threei} you are a chess player ese?
[06:22] {bruce} sorry ese
[06:22] {esemde} indeed...but not much anymore.
[06:22] {esemde} vad
[06:22] {bruce} had fun with your gfriend though
[06:22] {Threei} same here... :)
[06:22] {dino} es, stay away from stoon
[06:22] {dino} lol
[06:22] {esemde} would have to really study it again ...but do play for fun
[06:22] {Threei} haven't played really since early college
[06:22] {esemde} tks dino...
[06:23] {cosmo} "The Studs of Stoon"
[06:23] {cosmo} ...comming soon
[06:23] {esemde} strategy now is just to survive first 5 moves
[06:23] {cosmo} coming
[06:23] {bruce} lol cosmo
[06:23] {Threei} but did take 2-3 place in USSR junior championate ages ago
[06:23] {esemde} tks cos....me and you bruce....
[06:24] {esemde} well if you can play anywhere near that vad
[06:24] {esemde} i'm no competetion for you
[06:24] {Threei} replace can with could...
[06:24] {bruce} vmw dino
[06:24] {esemde} it was fun
[06:25] {dino} watching it bruce, lowered guidance, so, want to wait
[06:25] {bruce} k
[06:25] {esemde} use to study all the intros...great moves...try to replay classic games...
[06:25] {esemde} chess club at school
[06:27] {bruce} amag may be long bounce candidate
[06:31] {Threei} VMW 58 break short if consolidates closer to it
[06:31] {magoo} not avail
[06:31] {Threei} and jjumped too far anyway
[06:31] {dino} saddle-up
[06:32] {cosmo} zran
[06:33] {Threei} AAPL short small closer to 132
[06:33] {Threei} finger on a trigger
[06:34] {dino} watching it cos
[06:34] {Threei} in
[06:34] {magoo} in
[06:34] {Threei} .55 stop
[06:34] {magoo} .43
[06:35] {magoo} out .10 TY
[06:35] {Threei} out .90
[06:35] {magoo} dammit
[06:35] {Threei} +.55
[06:35] {magoo} in scalp mode from yesterday
[06:36] {Threei} me too
[06:36] {magoo} +.33
[06:36] {dino} stay there magoo
[06:37] {Threei} looking to reapeat if looks like double top
[06:38] {Threei} not so far
[06:39] {Threei} NUAN .56 long if stays above .40
[06:39] {Threei} slow one
[06:40] {dino} sm l spwr .85, stop .35
[06:41] {Threei} AAPL long .20
[06:41] {Threei} if stays above 132
[06:41] {esemde} half lot long JBLU 5.36
[06:41] {Threei} invalidated, rather pullback long closer to 131.50
[06:42] {bruce} you waiting for .85 to trigger trade dino?
[06:42] {dino} stopped
[06:42] {Threei} didn't get close enough for entry
[06:42] {bruce} k
[06:43] {bruce} bidu dino? - down 5 bucks
[06:44] {Threei} 5 bucks is nothing in BIDU terms bruce
[06:44] {magoo} sheesh btruce
[06:44] {magoo} goes down 35 points
[06:44] {dino} no bruce, bidu tough
[06:44] {bruce} k - thanx guys
[06:44] {magoo} aapl vad?
[06:44] {dino} i want an easy day today bruce, keep searching:)
[06:45] {Threei} a bit lower I think
[06:46] {bruce} easy day - sounds good to me
[06:47] {Threei} get ready mags
[06:47] {magoo} naz still falling
[06:48] {Threei} either .50 break or dive closer to 131
[06:48] {magoo} dive
[06:48] {Threei} I like dive idea better
[06:49] {Threei} not falling with NASDAQ anymore
[06:49] {Threei} out +.45
[06:49] {magoo} well..missed entry
[06:50] {Threei} got .51
[06:50] {magoo} nice
[06:50] {dino} jaso l .25
[06:50] {magoo} way fast
[06:50] {bruce} tech short near here dino?
[06:51] {dino} yeah
[06:52] {dino} jaso stopped
[06:52] {Threei} DNDN
[06:52] {magoo} OY
[06:52] {Threei} rumors
[06:52] {magoo} nver works imho
[06:53] {magoo} qid bounce vad?
[06:53] {magoo} oops
[06:53] {magoo} wrong way
[06:55] {Threei} missed AAPL this time, was way too fast on dive
[06:55] {esemde} out JBLU even...
[06:57] {bruce} I have no idea how to read aapl at this point - simply looks like a mess to me
[06:57] {dino} nice tech bruce, i missed was at .85
[06:58] {bruce} thanx dino
[06:59] {Threei} NUAN was nice short of support break...
[06:59] {Threei} maybe bounces for another chance
[07:00] {magoo} but it was a long call setup right?
[07:00] {Threei} JAN CONSUMER CONFIDENCE: 87.9 V 87.0E
[07:00] {Threei} it never triggered on a long side and broke support instead
[07:03] {Threei} ATAI IPO OPENS FOR TRADE AT $9.50
[07:03] {Threei} nice timing
[07:12] {dino} oih green
[07:12] {dino} jaso here. .25 sm
[07:17] {dino} can't get thru .55
[07:17] {esemde} ESLR bstop 12.28....
[07:22] {Threei} FSLR
[07:22] {Threei} TICKING HIGHER ON RENEWED RUMORS OF POTENTIAL LARGE JOINT VENTURE
[07:23] {magoo} could go 30 points if so vad
[07:23] {magoo} a bidu personality
[07:24] {Threei} I'd rather try to find sympathy play if it does
[07:24] {dino} sm l vmw .75 risky, wide
[07:25] {bruce} watching it dino - but would prefer to see it sell off even more
[07:26] {Threei} SOLF .71 long half lot
[07:27] {Threei} stop under .50
[07:30] {magoo} u in?
[07:30] {dino} you're right bruce stopping it
[07:30] {Threei} yes
[07:32] {Threei} .55 stop
[07:32] {Threei} bottomed at .58 before triggering
[07:34] {dino} vwm wild ride
[07:36] {Threei} no worky SOLF
[07:37] {bruce} fast mover - good thing you're going for easy ones today dino
[07:39] {dino} lol
[07:40] {dino} i'm sizing down today, things are strange, imo
[07:40] {bruce} k
[07:41] {Threei} market is trying to decide how to go about tomorrow's fed
[07:42] {bruce} Ihave trouble w your qid trades vad
[07:42] {bruce} hard to figure out where to exit them
[07:42] {bruce} somethimes moves 8c - sometiems 40
[07:42] {dino} i get stopped alot on qid
[07:43] {bruce} doesn't seem to be any rythm or reason to moves
[07:44] {esemde} am long by the way ESLR at .27
[07:44] {bruce} cinf short dino?
[07:44] {dino} if vmw breaks 57, maybe long
[07:44] {esemde} got distracted forgot to announce the fill
[07:44] {dino} needs more imo
[07:45] {bruce} k
[07:46] {Threei} NUAN 16 break short
[07:54] {dino} can jaso get thru .60
[07:55] {dino} erts
[07:56] {dino} rick
[07:57] {dino} tech again bruce
[07:59] {dino} clmt
[07:59] {bruce} yes - and erts looks good here
[07:59] {dino} crazy
[07:59] {dino} thin
[07:59] {Threei} VMW 56 short small shares if stays below .35
[08:00] {Threei} ugh, not in short list
[08:00] {magoo} u can get it??
[08:00] {Threei} forgot
[08:00] {Threei} nice headfake SOLF
[08:01] {dino} out jaso .75, +.50
[08:02] {bruce} nice dino
[08:03] {dino} ty, lucky
[08:04] {dino} sm s tech .64
[08:05] {dino} didn't expect that
[08:07] {Threei} FSLR hels your ESLR trade ese
[08:07] {bruce} great entry for tech
[08:07] {dino} helps them all it seems
[08:07] {Threei} CSIQ is not very enthusiastic
[08:07] {dino} always cut jaso too soon
[08:07] {esemde} yes it does...you trade 3 day highs right Vad
[08:07] {Threei} used to be much mofe responsive
[08:08] {magoo} [10:23] {magoo} could go 30 points if so vad
[08:08] {magoo} [10:23] {magoo} a bidu personality
[08:08] {magoo} [10:24] {Threei} I'd rather try to fin
[08:08] {dino} ibm l .00, sm
[08:08] {esemde} Vad you trade 3 day highs correct..
[08:08] {Threei} sure
[08:09] {Threei} and two
[08:09] {esemde} because ESLR is there now.....
[08:09] {dino} ibm stop to b/e
[08:09] {esemde} don't know if you can give me a sense on how it will perform or not
[08:09] {esemde} iis that possible..
[08:09] {Threei} can't tell ese, simply because I don't think ESLR is moving on its own merits
[08:10] {Threei} I see it as FSLR sympathy at this point
[08:10] {esemde} ok
[08:11] {dino} ibm stopped flat
[08:13] {esemde} I gone for the day everyone....have a good rest of it...
[08:13] {Threei} take care ese :)
[08:13] {bruce} you too ese
[08:13] {esemde} see ya bruce Vad
[08:13] {Threei} see how ESLR follows F-sibling?
[08:13] {esemde} yes
[08:13] {dino} vmw l sm .00
[08:13] {esemde} am gonna swing this for the rest of the day..
[08:14] {dino} rejected
[08:14] {dino} tech bstop to .44
[08:14] {bruce} hmmm - jaso entering short area dino?
[08:15] {dino} dk, watch oih imo
[08:17] {dino} vmw stop is .79
[08:17] {dino} tech stopped .44, +.20
[08:18] {dino} vmw stopped -.21, done w/it, too tough
[08:20] {Threei} CLWR
[08:20] {Threei} TICKS HIGHER ON RENEWED TAKEOVER CHATTER
[08:21] {magoo} aapl read vad?
[08:21] {Threei} none
[08:21] {Threei} stalled in the middle of range, no slightest indication either way
[08:23] {dino} tech
[08:28] {Threei} 191 break long small shares FSLR, stop under .50
[08:29] {bruce} I like vmw long here dino
[08:29] {Chaeron} hey all
[08:30] {Threei} hi chaeron
[08:30] {dino} gm chaer
[08:31] {bruce} l vmw.74
[08:31] {dino} tech sm s break of .65
[08:33] {magoo} in fslr long
[08:35] {bruce} out vmw +.66
[08:35] {dino} wtg
[08:36] {dino} what was entry?
[08:36] {bruce} thanx dino
[08:36] {bruce} 56.74 -
[08:37] {bruce} looks like I exited early
[08:37] {dino} lol arounfd my stop
[08:37] {dino} gj bud
[08:37] {magoo} stropped fslr btew
[08:37] {bruce} thanx - announced liking it long then grabbed a retraceme4nt
[08:39] {bruce} your training dino- thanx
[08:41] {dino} :)
[08:41] {dino} ttes spike
[08:43] {dino} tech stopped -.48 sm
[08:44] {dino} vmw coming down
[08:46] {bruce} yes- could try a retracement long in vmw around here
[08:47] {magoo} whats its range today bruce?
[08:47] {dino} i'm at .56.34\
[08:47] {bruce} about 4.50so far mags
[08:48] {magoo} k
[08:59] {bruce} l vmw .62 out .82 quick scalp
[09:03] {dino} gj
[09:04] {bruce} thanx dino - prob not enough given risk but nice it worked
[09:08] {dino} s tech .50
[09:13] {dino} vmw going to retest?
[09:14] {bruce} no idea dino - just watching to see what it does here
[09:14] {dino} atls
[09:14] {bruce} vad - possible retest short for nuan - any read?
[09:15] {Threei} if stays under .15, still valid
[09:15] {bruce} on break of 16?
[09:15] {Threei} yup
[09:16] {Threei} 16.01 is low so far
[09:16] {bruce} k
[09:21] {dino} tech bstop to .26
[09:22] {dino} cov .26, +.24
[09:22] {bruce} nice dino
[09:23] {dino} ty
[09:23] {bruce} you think 16.08 or so could be valid stop nuan vad?
[09:23] {Threei} there are several resistance levels bruce,
[09:23] {Threei} .08, .11, .15, .21
[09:24] {Threei} really personal preference
[09:24] {bruce} k - I like small
[09:25] {dino} partial fill l atls .80
[09:28] {cosmo} LMRA
[09:30] {dino} vmw sm l .25
[09:31] {magoo} aapl long 50
[09:34] {magoo} just a scalp..waiting .88
[09:36] {magoo} no work
[09:36] {dino} wbmd
[09:36] {dino} thin
[09:40] {dino} out vmw .65,
[09:40] {dino} =.40
[09:40] {dino} +.40
[09:41] {bruce} nice dino
[09:41] {dino} ty
[09:44] {bruce} nihd hugging highs - any read vad?
[09:46] {Threei} no, not really
[09:46] {bruce} k
[09:46] {dino} fmcn blood
[09:56] {dino} vrus
[10:00] {dino} jaso sm s .10
[10:01] {magoo} dino just walked by with a brew
[10:02] {dino} atls stop to .24
[10:02] {dino} i wish magoo
[10:03] {magoo} i can make that happen for u.....lol
[10:03] {dino} clwr
[10:03] {dino} too early magoo
[10:04] {dino} out atls w/slippage +.35
[10:04] {dino} ceco
[10:07] {dino} fmcn l .31
[10:08] {magoo} bruce, look bidu now..
[10:12] {bruce} got it on screen mags
[10:13] {bruce} I see what you mean about reange in it
[10:13] {dino} jaso stopped -.20
[10:15] {dino} cx no fill
[10:17] {dino} cov jaso .06, +.04
[10:17] {dino} vmw
[10:19] {dino} sbac
[10:20] {Threei} market elected to do nothing in order to pepare for fed
[10:20] {magoo} wake the hex up vad lol
[10:20] {Threei} locked in very narrow range
[10:20] {Threei} especially with ranges we had recently
[10:20] {magoo} it will do even less up to decision tomorrow
[10:21] {dino} sbac sm s .75
[10:21] {Threei} most often that's what happens mags, yes
[10:21] {Threei} activity dies down closer to announcement
[10:29] {magoo} powering up here it seems
[10:31] {dino} stopped sbac .55, cov. +.20
[10:33] {Threei} dunno magoo... don't count on any follow through IMO
[10:33] {Threei} this powering up just as easy turns to be accidental jerk
[10:34] {Threei} followed by just as accidenatl one in opposite direction
[10:37] {magoo} what u call me?? accidental jerk lol
[10:39] {Threei} hey, don't take it personally {G}
[10:40] {dino} fmcn stopped
[10:42] {bruce} jec dino
[10:44] {dino} l sm vmw .00 wide
[10:45] * Chaeron slaps LaserDave1 around a bit with a large trout
[10:45] {Chaeron} hey, don't take it personally {G}
[10:46] * magoo slaps LaserDave1 around a bit with a large trout
[10:46] {dino} i like it bruce
[10:47] {dino} l jec .45
[10:47] {LaserDave1} howdy guys
[10:48] {dino} gm ld
[10:56] {dino} vmw stopped .60 -.40
[10:59] {dino} sbac s .86, stop .12
[10:59] {dino} jec stopped -.30. gone cold
[11:01] {dino} grrr jec rinsed
[11:03] {dino} rbcn
[11:19] {bruce} out jec +.20
[11:20] {bruce} sorry about rinse in it dino - got lucky with a lower entry
[11:20] {bruce} taking a break
[11:22] {dino} it happens
[11:28] {Threei} FSLR is tempting
[11:28] {Threei} don't want breakout after the spike though
[11:28] {dino} rbcn s .30
[11:29] {Threei} pullback to 190 area would be compelling
[11:34] {Threei} getting interesting
[11:34] {Threei} want one more dive
[11:34] {Threei} closer to 190
[11:35] {Threei} with support level for a stop 189.50
[11:36] {Threei} in
[11:36] {Threei} out .85
[11:37] {Threei} +.81
[11:37] {Threei} anyone followed?
[11:37] {Threei} clean chart
[11:37] {Threei} dropped right into suppoert and bounced right off it
[11:39] {Threei} am I here?
[11:40] {Roman} test
[11:41] {Threei} noone here but us Roman
[11:43] * Threei slaps magoo around a bit with a large trout
[11:43] * Threei slaps Chaeron around a bit with a large trout
[11:44] {magoo} hey
[11:44] {Threei} oops... I thought I was alone here
[11:45] {Threei} now that I know I am not:
[11:45] {magoo} nice read..of course i was on phone
[11:45] * Threei slaps magoo around a bit with a large trout
[11:45] {Threei} ugh... sorry :(
[11:45] {Threei} FSLR rarely give such clean trade
[11:45] {Threei} gives
[11:45] * LaserDave1 slaps magoo around a bit with a large trout
[11:48] {magoo} :)
[12:01] {bruce} can we play rewind and do that trade over?
[12:03] {magoo} really..don't seem right that vads only 1 to profit on it
[12:04] {bruce} agreed mags
[12:04] {bruce} really deserves a trout
[12:04] {bruce} he waited till I took break to do that
[12:04] {Threei} and I alerted 8 minutes before actual setup... I just can't please, can I? :)
[12:04] {bruce} see how he does that day after day?
[12:04] {magoo} and he actually paid someone to distracrt me w/phone call
[12:05] {Threei} pure evil, lol
[12:05] {magoo} smack him bruce..do it..we all did
[12:05] {bruce} yes - and he made my dogs force me into taking them out right then
[12:05] * bruce slaps Threei around a bit with a large trout
[12:05] {Threei} dogs?? in -50??
[12:05] * magoo slaps Threei around a bit with a large trout
[12:05] {bruce} well - you know the laternative?
[12:05] {Threei} gosh... you must really really love them
[12:06] {bruce} dogs run my life
[12:06] {Threei} actually who am I to judge, cat runs mine
[12:06] {bruce} that and mother market
[12:06] {bruce} they're happy now
[12:07] {bruce} when they can't keep paws in snow it's cold out
[12:09] {bruce} vmw's movin now
[12:15] {bruce} shld short here dino?
[12:20] {dino} dk bruce, kind of out of it this p.m.
[12:20] {dino} nyx l .75
[12:21] {bruce} k
[12:23] {dino} rbcn stopped sheesh
[12:23] {bruce} my levle 2 doesn'tseem to be showing mms
[12:24] {Threei} on what?
[12:24] {bruce} great entry in nyx dino
[12:24] {Threei} looks OK here bruce
[12:24] {bruce} Ithere we are - matr lehman is showing
[12:29] {dino} out nyx .00, +.25
[12:29] {bruce} nice trade dino
[12:30] {dino} ty bruce, went cold for a bit
[12:31] {dino} lots of rinses today
[12:31] {dino} look rbcn, major rinse
[12:32] {dino} jaso l .51, wide, sm
[12:44] {Threei} FSLR is about to become interesting again
[12:46] {Threei} in
[12:46] {bruce} you're thinking long fslr about 190 or so?
[12:46] {Threei} got 189.70
[12:46] {bruce} k
[12:46] {Threei} out
[12:47] {Threei} +.60
[12:47] {bruce} nice trade vadster
[12:47] {bruce} 5 k shares?
[12:47] {Threei} it actually move in synch with NASDAQ
[12:47] {magoo} god dammit vadf
[12:47] {magoo} on phone w/bus again
[12:47] {Threei} jeez
[12:47] {bruce} vads buyin the beer
[12:47] {magoo} u pull that shit
[12:48] {magoo} but allday stare and u got nuttin
[12:48] {Threei} me?? pull the cord out of the wall!!
[12:49] {bruce} ah mags - you upset?
[12:50] {magoo} well, they are vads bogus phone callers
[12:50] {magoo} nigerians
[12:50] {Threei} lol
[12:50] {bruce} lol
[12:50] {dino} out jaso .75 +.24
[12:51] {magoo} just funnin with you...but really..waiting all day..get call..and u in and out
[12:51] {bruce} yeah
[12:51] * bruce slaps Threei around a bit with a large trout
[12:52] {Threei} what's your excuse bruce? dogs again??
[12:52] {magoo} yeah..good idea
[12:52] * magoo slaps Threei around a bit with a large trout
[12:52] {bruce} thats for upsettting mags
[12:52] {bruce} and not giving mre enough notice either!
[12:52] {dino} hit him for me too, just because..
[12:53] {Threei} lol
[12:53] * bruce slaps bruce around a bit with a large trout
[12:53] {bruce} and thats for not not taking it when I saw it - mind would have been a lte entry
[12:54] {bruce} see mags - vad is saving all the good ones forhimself
[12:54] {bruce} and his cat
[12:54] {bruce} bruce slaps vads cat around with a large trout
[12:55] {dino} magoo stuck w/phone to his ear today
[12:55] {bruce} oh?
[12:55] {bruce} crazy glue again?
[12:55] {dino} lol
[12:55] {bruce} you gotta stop using that stuff mags
[12:56] {bruce} must hurt like the dickens when you have to pull the phone off
[12:57] {Threei} oh boy
[12:57] {Threei} lost track of time
[12:57] {Threei} was hunting for another entry
[12:57] {bruce} yean
[12:57] {bruce} they rush by when you're being trouted
[12:57] {Threei} this kind of stocks can be totally mesmerizing
[12:58] {bruce} lookingat chart - that was probably single best trade of day in it
[12:58] {dino} i'm done for day. thx all
[12:58] {Threei} thank you all
[12:58] {Threei} tomorrow ill be inetersting
[12:59] {Threei} my feeling is, we are going to get big selloff after fed
[12:59] {bruce} thanx dino - green w your help today
[12:59] {Threei} gj bruce
[12:59] {dino} down, up, down all in 1 1/2 hours, all 100+
[12:59] {bruce} thanx vad
[12:59] {Threei} have a good evening, see you tomorrow
[12:59] {bruce} to0ugh month for me
[12:59] {dino} hang in there bruce
[12:59] {Threei} it's just tough month
[12:59] {Threei} no questions about that
[13:00] {dino} emkr
[13:00] {Threei} FBI OPENS INQUIRIES INTO 14 COMPANIES IN A SUBPRIME MORTGAGE PROBE - WSJ- FBI would not identify which companies are being looked at. The investigation is focusing on accounting fraud, securitization of loans and insider trading.
[13:00] {bruce} you play after market dino?
[13:01] {dino} not usually, my kids get off the bus at my office, so kind of tough to pay attn
[13:01] {dino} more of a summer thing
[13:01] {dptl} have a good evening all
[13:03] {dino} cya dp
[13:03] {bruce} same to you dp
[13:04] * Chaeron slaps LaserDave1 around a bit with a large trout
[13:05] * Chaeron slaps LaserDave1 around a bit with a large trout
[13:05] * Chaeron slaps LaserDave1 around a bit with a large trout
[13:05] {magoo} nite all
[13:05] * Chaeron slaps LaserDave1 around a bit with a large trout
[13:05] * Chaeron slaps magoo around a bit with a large trout
[13:07] {bruce} night mags

January 28, 2008

Session Start: Mon Jan 28 00:00:00 2008

Session Time: Mon Jan 28 00:00:00 2008

[05:49] {cosmo} MILE offers $292M in shares
[05:51] {Threei} Good morning
[05:53] {dptl} good morning all
[05:54] {Threei} dp :)
[06:03] {Threei} SPWR
[06:03] {Threei} INITIATING SOLAR POWER PILOT PROJECT IN CONJUNCTION WITH WAL-MART IN CALIFORNIA
[06:03] {Threei} - The store is the first of seven Wal-Mart facilities in California to receive high-efficiency solar power systems, totaling 4.6MW, and is part of a major purchase of solar power from SPWR and other solar power providers for approximately 22 Wal-Mart stores, Sam's Clubs.
[06:03] {Threei} - The stores included in the pilot project are expected to achieve
[06:04] {Threei} savings over their current utility rates as soon as the first day of operation.
[06:05] {cosmo} now, they need to sell some...
[06:06] {cosmo} cheap
[06:07] {esemde} morning rt's
[06:07] {Threei} ese :)
[06:09] {_windbreaker} GM
[06:09] {Threei} hi windbreaker
[06:11] {_windbreaker} do you guys trade futs here?
[06:11] {Threei} not as a primary vehicle
[06:11] {_windbreaker} okey
[06:12] {dino} gm all
[06:13] {Threei} dino :)
[06:13] {Threei} this whole thing with french rogue trader looks stranger by day
[06:14] {esemde} can anyone make s heads nor tails of it .....
[06:14] {Threei} it gets spinned as if he almost caused whole selloff around the world
[06:15] {Threei} or at least contributed to it to a degreee that made it such bigg selloff
[06:15] {esemde} I noticed that comment in CBS marketwatch yesterday...
[06:15] {dino} rumor has it the rogue trader had a subscription to realitytrader
[06:16] {magoo} morning rt
[06:16] {Threei} I am torn between "no comment" and denial sprinkled with feigned outrage
[06:16] {Threei} mags :)
[06:17] {esemde} now THAT!!!!!! was funny......
[06:17] {esemde} you need to up his subscription rate Vad
[06:17] {_pith} is hacking part pf the curriculum?
[06:17] {esemde} I hope so.........
[06:17] {cosmo} its upper division, i think
[06:18] {Threei} why ese, I am fine as long as he dccs me his trades...
[06:19] {dino} loles
[06:20] {Threei} I don't have much to say at this point guys, let's see how opening unwinds
[06:20] {Threei} in general, I feel bear contnues this week
[06:20] {Threei} we have fed approachinbg
[06:20] {Threei} (again)
[06:21] {Threei} and this hysterical emergency cut set all kinds of expectations for the meeting,
[06:21] {Threei} maybe 50 pts, maybe 75 again
[06:21] {Threei} whatever they do, market will be disappointed, IMO
[06:22] {cosmo} i expect a one point cut tonite.... during the speach
[06:22] {Threei} cosmo ups ante
[06:23] {Threei} me, I am patiently waiting for the day rates go negative and bank starts paying me for taking out the loan
[06:24] {Threei} so far, general idea seems to be, short the rallies
[06:25] {Threei} breakdowns don't generally work as nicely in bear market as breakouts do in a bull one
[06:25] {Threei} aggressive shorts off rallies is better way to go
[06:25] {Threei} not without its own challenges of course
[06:26] {Threei} laser users, you have indices quotes?
[06:27] {Threei} don't answer all at once
[06:28] {dptl} not here
[06:29] {Threei} OK, ty
[06:30] {Threei} DJI - 170, is it correct?
[06:31] {magoo} no
[06:31] {Threei} seems excessive vs SP and COMP
[06:31] {magoo} up 35
[06:31] {dptl} no
[06:31] {Threei} OK, thought so, ty
[06:31] {magoo} but mine wrong, dino said
[06:31] {esemde} no mine says + 34
[06:32] {Threei} watching AAPL for short on bounce
[06:32] {Threei} 127 support to break
[06:33] {magoo} u watching qid at all?
[06:33] {Threei} broke with no bounce... no entry, waiting
[06:33] {Threei} not at the open mags
[06:33] {magoo} k
[06:34] {Threei} AAPL, small shares short on spike over .50
[06:34] {Threei} stop above 128
[06:34] {Threei} offering .75
[06:35] {Threei} too optimistic probably
[06:35] {lumdus} gm all.
[06:35] {Threei} lum :)
[06:35] {magoo} in .47
[06:35] {Threei} stop above .80 mags
[06:35] {Threei} and you got over 1:1
[06:36] {Threei} over 1:2 even
[06:36] {Threei} I mean 1:3
[06:36] {magoo} ouy here .72
[06:36] {Threei} whatever... cover half at least
[06:36] {magoo} OUT
[06:36] {Threei} in full?
[06:36] {esemde} watchin JRCC...
[06:36] {magoo} yes
[06:36] {Threei} OK, wtg
[06:36] {magoo} half lot
[06:36] {Threei} me was too greedy
[06:36] {Threei} on entry that is
[06:37] {magoo} i was watching your entry, but saw qqq tanking so went for it
[06:38] {Threei} KLAC
[06:38] {Threei} want bounce to short
[06:38] {magoo} klac hasn't been cooperating vad
[06:38] {Threei} no but we tried breakdown
[06:39] {Threei} I am staying away from those today
[06:39] {magoo} u the boss..just remember last 2 tries we did no go
[06:39] {dino} wag s .98
[06:39] {lumdus} athr
[06:39] {dino} stop is .33
[06:41] {Threei} KLAC short .09, stop .21, half lot
[06:42] {Threei} if breaks .20 before troggering, looking for entry above .30 with stop .51
[06:42] {dino} cov wag .66, +.32
[06:43] {magoo} mkt bounce imo
[06:43] {bruce} nice start dino -
[06:43] {dino} no
[06:43] {dino} ty bruce, no magoo
[06:43] {dino} glw l, somewhwhere bruce
[06:43] {magoo} its starting right here
[06:43] {magoo} just a bounce call
[06:44] {dino} wow, spelled that wrong
[06:44] {Threei} NASDAQ strength still
[06:44] {Threei} .39 short KLAC if stays below .50
[06:44] {Threei} if breaks resistance leaving it alone
[06:45] {dino} de all over again
[06:46] {Threei} invalidated KLAC, off screen
[06:46] {magoo} {hellava bounce call mr magoo}
[06:47] {cosmo} ACOR
[06:47] {cosmo} wants 26
[06:48] {dino} hey norbit (magoo) get back to work
[06:49] {esemde} JRCC bstop 1/2 11.61
[06:49] {Threei} watching QID for bounce scalp
[06:50] {bruce} matr short vad?
[06:50] {Threei} no read bruce, not my cup of tea
[06:50] {bruce} k
[06:51] {esemde} long JRCC .60 stop .30
[06:51] {dino} missed glw
[06:51] {Threei} QID, .06 long
[06:51] {Threei} stop under .90
[06:51] {bruce} was tough to see entry in it dino
[06:52] {dino} was at .65, got to .68, ugh
[06:52] {Threei} if loses .85, looking for entry closer to 50.50
[06:53] {magoo} in
[06:55] {Threei} half out
[06:55] {Threei} scalpers know what to do
[06:55] {Threei} for holders, stop to .99
[06:56] {esemde} stopped...look away fro one second BAST............30 - .30
[06:56] {dptl} out+.17 ty
[06:56] {Threei} welcome dp
[06:57] {magoo} out here .31 TY
[06:57] {Threei} :)
[06:57] {esemde} oh sure now go up ........
[06:58] {Threei} my stop to .05 for the balance, still trying to get another spike
[06:58] {Threei} me lazy and greedy
[06:59] {magoo} so am i..but i so lazy..don't wanna watch it any longer
[07:00] {Threei} *DEC NEW HOME SALES: 604K V 647KE
[07:01] {dino} wag s .00
[07:02] {Threei} market true to form still
[07:02] {Threei} shakeouts all around
[07:02] {magoo} nice strategy adjustment today vad
[07:02] {Threei} abandoning attempts to get more out of it, back to scalping
[07:02] {magoo} as in..shorting the spikes
[07:03] {Threei} we just hadn't had true bear market in a long while, I had to remember how to trade it
[07:04] {dino} play it like a friday mkt, scalp 'em all
[07:04] {magoo} ever adapting
[07:04] {magoo} we are like the borg
[07:04] {Threei} we sure are... who is borg?
[07:04] {magoo} star trek
[07:05] {dino} resistance is futile
[07:05] {cosmo} get ready for the implants...
[07:05] {magoo} they constantly adapt to weapons so after 1 strike..weapons no longer effectrive
[07:05] {Threei} QID .42 long, .24 stop
[07:06] {magoo} qid question..does it ever run amok from naz?
[07:06] {Threei} from?
[07:06] {Threei} or with?
[07:06] {magoo} as in disconnect its correlation
[07:06] {Threei} no
[07:06] {Threei} it can't
[07:07] {magoo} thats my question..it can't
[07:07] {magoo} cool
[07:07] {Threei} well, unless some rogue trader somewhere plays another scapegoat :)
[07:07] {dino} i see ldk back to 38
[07:07] {Threei} half out QID, scalpers know what to do
[07:13] {Threei} stop to .35
[07:13] {Threei} offering above .90
[07:14] {lumdus} IN MLNM 15.17 STOP 15.12
[07:14] {lumdus} sorry caps
[07:14] {dino} cov wag .88, +.12, stuck
[07:15] {Threei} better than poke in the eye
[07:15] {lumdus} 1:1 in mlnm
[07:15] {Threei} nice spike lum
[07:15] {lumdus} 1/2 out .35
[07:16] {lumdus} i think we have much more to go for today in mlnm . very nice
[07:18] {esemde} nice one LUM
[07:19] {dino} gj lum
[07:19] {Threei} CSIQ .35 short stop above .50
[07:19] {Threei} ugh, not in short list
[07:19] {Threei} never mind
[07:20] {Threei} and invalidated anyway
[07:20] {Threei} just how many things could go wrong with single stock
[07:21] {dino} syna l .43
[07:23] {lumdus} in dna 68.75
[07:25] {lumdus} stop on dna 68.59
[07:29] {lumdus} dan, time to blastoff
[07:29] {lumdus} dan = dna
[07:31] {Threei} RIMM long .06 small if holding above .80
[07:31] {lumdus} in rimm .08
[07:32] {Threei} 1:1 in a hurry
[07:32] {lumdus} stop ?
[07:32] {lumdus} out .28 +.20
[07:32] {lumdus} tx vad nice one .. keep the good work running ..
[07:32] {Threei} look at setup structure lum
[07:32] {Threei} "if holding above .80"
[07:32] {Threei} that gives you stop placement
[07:33] {lumdus} i though .92 would be the stop once i am in ..
[07:33] {Threei} by chart yes, but this is RIMM
[07:33] {Threei} gotta account for its natural volatility and pad a stop
[07:33] {Threei} to minimize chance of shakeout
[07:33] {lumdus} ok thanks
[07:34] {Threei} long again RIMM.56
[07:34] {Threei} stop under .40
[07:35] {Threei} 1: 1 reached
[07:35] {Threei} out .80
[07:35] {lumdus} out .87
[07:35] {Threei} good reflexes
[07:35] {lumdus} tx again
[07:35] {Threei} welcome
[07:36] {lumdus} it got it .57 .. so had to get some more
[07:36] {lumdus} dna stop to 68.6 5if it don't go now , it wont go
[07:38] {Threei} QID short .85
[07:38] {Threei} stop above 51
[07:38] {Threei} inval;dated
[07:39] {lumdus} Vad, ALL nice setup ?
[07:39] {lumdus} if it breaks of course
[07:40] {Threei} 51.08 if stays above .95
[07:43] {magoo} aapl short vad?
[07:43] {Threei} lol
[07:43] {Threei} TREASURY'S RYAN: INVESTORS SHOULD NOT BE OVERLY RELIANT ON RATINGS AGENCIES - CNBC
[07:43] {Threei} no?
[07:44] {lumdus} too funny
[07:44] {Threei} not sure mags
[07:45] {lumdus} short all 51.03 stop 51.08
[07:46] {lumdus} oh, crap
[07:46] {Threei} not sure I understood that entry lum
[07:46] {Threei} no breakout, no breakdown
[07:46] {Threei} why take a guess
[07:46] {dino} sm l de .50, wide
[07:46] {lumdus} vad, had alot of resistence
[07:47] {Threei} yes but hadn't broken support either
[07:47] {lumdus} isn't that a valid trade when there is so much resistance to short it.
[07:47] {lumdus} hmm, ok that is my mistake i guess
[07:47] {Threei} resistance by itelf is not indicative
[07:47] {Threei} break of it is
[07:47] {lumdus} a break of .95 would have been the right trade
[07:47] {Threei} just as support by itself means not more than a level to watch
[07:47] {Threei} it's what stock does with resistance or support that gives you a trading setup
[07:48] {lumdus} so .95 break would have been valid short ?
[07:48] {Threei} yes
[07:48] {Threei} just as .08 was valid long
[07:48] {dino} hod's
[07:49] {lumdus} ok tx vad
[07:50] {bruce} ceph long setup?
[07:51] {Threei} chart is right...
[07:51] {Threei} I would perfer market to pull back a bit
[07:52] {Threei} don't want to enter long after this move up
[07:52] {bruce} k
[07:52] {Threei} better see how it's holding while market pulls back to evaluate the relative strength
[07:53] {Threei} now if market breaks out, get CEPH aggressively
[07:53] {Threei} with nice tight stop under .15
[07:54] {Threei} no strength still
[07:54] {magoo} qid long here vad?
[07:55] {Threei} got invalidated without causing unnecessary stop, CEPH
[07:55] {bruce} yep
[07:56] {Threei} watching mags, no confidence yet
[07:56] {bruce} may find support at 67.10
[07:56] {magoo} k
[07:58] {Threei} looks like .51 long if stays above .30
[07:59] {Threei} keep .29 stop mags
[07:59] {bruce} \with futures out what are you using to call qid vad?
[07:59] {Threei} this entry if works seems to be capable of more than 1:1
[08:00] {dino} out de .00, +.50
[08:00] {Threei} just chart bruce
[08:00] {bruce} k
[08:00] {bruce} thanx vad
[08:01] {bruce} iyf dino
[08:03] {dino} ishares, not sure bruce
[08:03] {magoo} stopped
[08:04] {dino} glw l .15, stop .89
[08:05] {lumdus} bpop breaking 12.00
[08:05] {dino} de, i should've held on
[08:06] {lumdus} a beautiful 5 day chart for bpop.
[08:06] {lumdus} wonder if dna will ever move for me.
[08:08] {dino} never lum, never
[08:08] {lumdus} i agree
[08:08] {dino} sort of like my syna trade, 3 cents give or take
[08:09] {dino} fcsx
[08:10] {Roman} GOLD bouncer
[08:10] {Roman} in
[08:11] {lumdus} out 1/2 bpop .18 + .18 rest stop 11.99
[08:12] {bruce} wag looks weak dino
[08:12] {Threei} what are you looking for on bounce Roman?
[08:12] {Threei} just a scalp or more?
[08:12] {Roman} .50 cents
[08:12] {dino} looks it bruce, but doesn't really move
[08:13] {bruce} k
[08:13] {magoo} still reading qid vad?
[08:13] {Threei} backed off for now mags
[08:14] {Threei} a bit unclear
[08:15] {lumdus} look at all go - dumb mistake. slap please ?
[08:15] * magoo slaps lumdus around a bit with a large trout
[08:15] {lumdus} tx. so far a .70 mistake. hope someone else took it from the group.
[08:16] {Threei} lum, let me offer you general philosophical approach to this kind of setups
[08:16] {Threei} instead of trying to think of it in terms of chart, support, resistanc etc,
[08:16] {dino} flip a coin
[08:16] {Threei} think of it this way:
[08:16] {lumdus} listening
[08:16] {Threei} don't guess what stock is going to do,
[08:16] {Threei} don't tell it what to do,
[08:16] {Threei} allow it to tell you what to do
[08:16] {Threei} and listen to it.
[08:17] {Threei} in this case, it was willing to tell you what to do by breaking this way or that
[08:17] {Threei} sometimes it will lie to you
[08:17] {Threei} by telling you what to do, then reversing
[08:18] {Threei} but on grand scheme of things, it will be truthful more often than not
[08:18] {dino} cut glw -.05, not moving
[08:18] {lumdus} ok get it
[08:19] {dino} probabilities.....indeed
[08:20] {bruce} good idea dino - eneded up getting hit for full stop
[08:21] {dino} sorry bro
[08:21] {bruce} it happens - was thinking of early exit too - oh well
[08:22] {Roman} GLD is making highs
[08:22] {Roman} watching DROOY
[08:22] {dino} i like it around 22.65-.70
[08:23] {lumdus} roman, gold ?
[08:23] {bruce} pps long vad?
[08:24] {Roman} lumdus, i am still in gold
[08:24] {Roman} small with a stop 46.70
[08:25] {Roman} it for some reason disconnected from other gold plays
[08:25] {lumdus} ok roman. i am not in it, just watching your plays
[08:26] {Roman} DRYS
[08:26] {Threei} that's one worrd chart bruce
[08:26] {Threei} wierd
[08:26] {Threei} no idea
[08:27] {bruce} k vad
[08:38] {Roman} long DRYS super small
[08:38] {Roman} 59.32 area small
[08:39] {Roman} waiting for 59.6 break
[08:40] {bruce} in drys .25
[08:42] {Threei} QID long .21
[08:42] {Threei} stop under 50
[08:42] {dino} hurn spike\
[08:42] {magoo} in
[08:44] {Roman} stopped GOLD
[08:44] {Roman} -.50
[08:45] {bruce} stopped drys - .40
[08:46] * Threei slaps LaserDave1 around a bit with a large trout
[08:46] * magoo slaps LaserDave1 around a bit with a large trout
[08:46] {Threei} man, we are slow today mags
[08:46] {magoo} monday vad
[08:47] {LaserDave1} hey everyone
[08:47] {Chaeron} hi Dave
[08:47] {LaserDave1} nice to see you guys as wel
[08:47] {Threei} yes but 16 min between his entry and our greeting?
[08:47] {LaserDave1} howdy
[08:47] {Roman} out DRYS
[08:47] {Roman} -.30
[08:47] {LaserDave1} hope weekend was good for everyone
[08:48] {Threei} 1:1 QID
[08:48] {magoo} that all u looking for?
[08:49] {Threei} we are in lunch time... just no idea, anything can happen
[08:49] {Threei} even earlier attempts to hold half didn't work
[08:49] {Threei} why would they now
[08:53] {Threei} you took it mags or trying to hold?
[08:54] {magoo} holding
[08:54] {Threei} good luck, rooting for you
[08:55] {bruce} nvda short vad?
[08:55] {Threei} seems so
[08:56] {Threei} will depend on market of course
[08:56] {Threei} but trade is valid
[08:56] {magoo} out .50 TY
[08:56] {Threei} welcome sir
[08:56] {Threei} this is something like 5 for 6 today, or 4 for 5... me satisfied
[08:57] {dino} gj
[08:57] {Threei} ty
[08:59] {dino} artc spike
[08:59] {dino} hmsy drop
[09:00] {dino} darn, can't borrow atrc
[09:06] {dino} chtt sm, s .00
[09:08] {Threei} you took NVDA bruce?
[09:09] {bruce} yes vad
[09:10] {Threei} watching QID for long entry if pulls back into .50 area
[09:11] {magoo} feel mkt down?
[09:12] {Threei} looks like
[09:16] {dino} syna stopped -.24
[09:24] {magoo} anyone try arca today?
[09:24] {magoo} quotes good?
[09:24] {Threei} looks OK so far
[09:25] {magoo} ty
[09:25] {esemde} my view of the market is that it's the end of month/beginning of month mutual fund buying to be followed by resumtion of indexes heading down
[09:27] {dino} not my view es, but anytyhing can happen
[09:28] {esemde} how do you see it dino
[09:28] {dino} lots of my friends are complaining about losing money, don't see a lot of buying by joe 6 pack
[09:29] {dino} but who knows, who cares...traders trade, thats what we do
[09:29] {Threei} CKEC is at it again
[09:29] {esemde} i don't have a fundamental reason just the old adage....an object in motion deal....
[09:30] {dino} np, don't take anything personally
[09:31] {dino} in the end it doesn't matter, imo
[09:31] {esemde} heck no man........respect your opinion big time....
[09:32] {dino} same here
[09:33] {dino} chtt stopped -.26, ave.
[09:36] {Threei} anyone took QID off .50?
[09:36] {magoo} no, did u?
[09:36] {Threei} got distracted in dcc, missed moment
[09:37] {Threei} did exactly what I called earlier
[09:38] {Threei} just don't chase
[09:38] {Threei} entry of rallies is the way to handle this market
[09:39] {Threei} breakdwons will offer more shakeouts than wins
[09:39] {esemde} what do you mean by entry of rallies Vad
[09:40] {esemde} in indexes or stocks?
[09:40] {esemde} buy on pullbacks
[09:40] {Threei} no, short off bounces
[09:41] {Threei} when it comes to QID, it's long off pullbacks of course
[09:41] {esemde} a ha..
[09:42] {bruce} wft vad - any read?
[09:42] {dino} sigm l .80
[09:43] {Threei} not really bruce
[09:43] {bruce} k
[09:43] {dino} lol bruce
[09:44] {dino} oopps, thought you said wtf vad
[09:44] {Threei} that was my first thought too
[09:44] {Threei} but I looked closely just as I was unholstering the trout
[09:45] {bruce} sheesh
[09:45] {Threei} lol
[09:45] {dino} great minds think alike, lol
[09:45] {Threei} don't be sad bruce, Copernicus was widely misunderstood too
[09:47] {Threei} see what buying QID break around .80 would do to you?
[09:48] {bruce} you like qid long agqain near .5?
[09:48] {Threei} no, not this time
[09:49] {Threei} 50/50 shot here
[09:49] {bruce} figured - no point making things too predictable
[09:49] {Threei} first time around it was clean pullback in the trend
[09:49] {Threei} this time it's not, trend has stalled,
[09:49] {esemde} i'm otta here ya'll have a good day!
[09:49] {Threei} it's more like establishing range at this point
[09:50] {magoo} wait
[09:50] {Threei} take care ese
[09:50] {magoo} rats
[09:50] {magoo} hes fast
[09:51] {Threei} and as far as range goes, lower limit is about .40
[09:51] {Threei} so, best trade would be if it breaks down throuigh .40, dives quickly scaring the living daylight out of traders
[09:51] {Threei} and long entry would be in order for the bounce back in the range
[09:52] {Threei} kind of "take side of shakers instead of being shaken"
[09:55] {bruce} k- thanks vad
[09:58] {bruce} takingbreak
[10:03] {Threei} comr on QID
[10:04] {Threei} here is breakdown
[10:05] {dino} sm l spwr .60
[10:05] {Threei} in
[10:05] {Threei} .19 stop
[10:06] {Threei} could take couple tries... but hopefully scared them enough
[10:06] {Threei} ugh, not yet
[10:10] {magoo} what entry u gert long?
[10:10] {Threei} first stopped - 7 cents
[10:11] {Threei} can't nail another one yet, it's jumping up and down with no rhyme
[10:12] {Threei} back in the range
[10:12] {Threei} lol, followed scenarion but I put too tight stop on it
[10:16] {Threei} in
[10:16] {Threei} just want my stop back
[10:17] {Threei} out
[10:17] {Threei} ty QID, we are friends again
[10:29] {Threei} what's with VVUS?
[10:30] {Threei} I see no news
[10:30] {Threei} 52 weeks highs
[10:31] {dino} out sigm .10, +.30
[10:32] {Threei} like teeth pulling dino eh?
[10:32] {dino} yeah, every trade taking forever
[10:35] {lumdus} out rest bpop +.52
[10:36] {dino} gj
[10:36] {Threei} lumdus is embodiment of patience
[10:37] {lumdus} i just ate a big lunch and got back
[10:37] {Threei} great... now I am hungry
[10:40] {magoo} qid long vad?
[10:44] {Threei} probably yes
[10:44] {Threei} as close to .30 as possible
[10:44] {Threei} .24 stop
[10:44] {Threei} first strength from here
[10:45] {Threei} got .27
[10:46] {lumdus} in efii 13.99
[10:46] {Threei} half out.39
[10:47] {Threei} feels like has more than scalp in it this time
[10:47] {magoo} good entry
[10:47] {lumdus} go efii
[10:47] {Threei} and if not, what's my risk for the balance... 3-4 cents
[10:47] {lumdus} out 1/2 .17 rest stop b/e
[10:47] {lumdus} +.17
[10:48] {Threei} nice one lum
[10:48] {lumdus} out rest efii +.27
[10:48] {lumdus} tx boss
[10:49] {Threei} die NASDAQ
[10:54] {Threei} OK QID, I got it
[10:56] {Threei} message is loud and clear: "Scalp and don't even dream of getting a trend"
[10:57] {lumdus} ok sounds good.
[10:58] {lumdus} in txn 30.18
[11:00] {lumdus} stop on txn 30.09
[11:01] {Threei} looking to short QID
[11:02] {Threei} somewhere above .30, on a sign of weakness and only if keeps below .40
[11:03] {Threei} one more spike please QID
[11:04] {lumdus} so maybe we ride the spike
[11:04] {lumdus} in symc 16.76
[11:04] {Threei} in .30 but got just half order filled
[11:05] {lumdus} stop on sync 16.76
[11:05] {Threei} .41 stop
[11:08] {Threei} 1:1 QID
[11:09] {Threei} covered half .13
[11:09] {Threei} would have taken full scalp if I got full lot filled
[11:09] {Threei} but with lousy half under the belt, can just as well see if it's ready to break
[11:11] {Threei} out in full QID
[11:11] {Threei} +.30
[11:12] {Threei} out half swing IDIX
[11:12] {Threei} remember one from two days ago?
[11:13] {Threei} talking to myself I see
[11:18] {lumdus} out symc +.01
[11:18] {lumdus} out txn flat
[11:19] {lumdus} just got bored of not seeing it move when we moving up.
[11:19] {Threei} US TREASURY'S RYAN: EFFECTS OF LACK OF LIQUIDITY ARE TRANSITORY,
[11:19] {Threei} - Will take time to revalue market assets so volatility will continue
[11:20] {dino} why do they feel the need to talk every day
[11:20] {Threei} beats me
[11:20] {Threei} not like they have anything meaningful to say
[11:20] {lumdus} in mro 49.83
[11:21] {lumdus} if this doesn't go then i giveup for sometime
[11:27] {Threei} .99 short QID, .11 stop
[11:28] {Threei} no worky
[11:32] {bruce} not a great day for reversla plays dino
[11:33] {dino} no, not much spiking or collapsing
[11:33] {dino} everything a bit too gradual for my style
[11:34] {bruce} agreed
[11:34] {bruce} typical monday
[11:35] {dino} yeah, i'm up, but under daily
[11:36] {bruce} I'm down again
[11:36] {bruce} apol may be gettign extended
[11:37] {dino} the charts is too gradual imo
[11:37] {bruce} k
[11:37] {bruce} meli?
[11:38] {dino} cacb
[11:39] {dino} can't borrow
[11:40] {bruce} k
[11:40] {lumdus} stop on mro 49.75 needs to run now
[11:40] {dino} exbd?
[11:41] {dino} s .42
[11:47] {bruce} you think .65 stop enough for exbd?
[11:48] {lumdus} out mro 49.75 - .08
[11:48] {lumdus} good night to all done for the day.
[11:48] {bruce} night lum
[11:49] {Threei} take care lum
[11:49] {Threei} VVUS is torturing me
[11:50] {bruce} cof another possible short candidate dino
[11:51] {dino} got booted out
[11:52] {dino} cof is bank, dk, they trde strange lately bruce
[11:53] {bruce} k- thanx dino
[11:58] {dino} bstop to .17 exbd
[11:58] {dino} to .14
[11:59] {dino} to .09
[11:59] {dino} tight, tight tight
[11:59] {bruce} out exbd +.35 small dino
[11:59] {bruce} thanx
[12:00] {bruce} almost back to b/e
[12:01] {dino} gj bruce my stop is .04
[12:01] {dino} cov. 03, +.39
[12:02] {dino} slipped wrong way
[12:02] {dino} ok, back in 10
[12:02] {bruce} k
[12:09] {dino} tson
[12:17] {Threei} long QID for a scalp closer to .70
[12:17] {Threei} missed
[12:20] {magoo} aapl read vad?
[12:20] {Threei} hmmm
[12:21] {dino} ouch meli
[12:23] {Threei} looks ready for a bounce on a wuick sell under .50 mags
[12:24] {magoo} in out
[12:24] {magoo} .67 out .08
[12:24] {magoo} yt
[12:24] {magoo} ty
[12:24] {magoo} too fasr to post
[12:25] {magoo} riomm read vad?
[12:25] {magoo} rimm
[12:26] {Threei} short for scalp
[12:26] {Threei} one more spike is desirable
[12:26] {magoo} i thoght long
[12:27] {Threei} long only if holding above .85 and break 91.03
[12:31] {Threei} did any?
[12:31] {magoo} yes
[12:31] {magoo} .09
[12:31] {magoo} wait .45
[12:31] {Threei} both worked if you are fast as wild west draw champion
[12:32] {magoo} out .45 hewre
[12:32] {magoo} ty
[12:32] {Threei} good one
[12:32] {dino} gj
[12:32] {magoo} im giving u all the easy ones he he to read
[12:32] {magoo} aapl..rimm..qid
[12:32] {Threei} ah thank you
[12:33] {Threei} I appreciate it
[12:33] {magoo} i know u do
[12:33] {Threei} as soon as you request GOOG read I'll know you are so very kind to me
[12:37] {magoo} how about rimm and aapl now?
[12:37] {dino} sm l jaso .00
[12:38] {Threei} feels short on both, long QID accordingly
[12:38] {magoo} u taking any?
[12:38] {Threei} nope
[12:38] {Threei} too good day to do this kind of trades so close to eod
[12:39] {bruce} I missed jaso - stop would hav e been 56.65 or so dino?
[12:39] {Threei} looking for entry is challenging enough in this environment, don't need asditional burden of last 20 min emotions
[12:40] {Threei} you noticed the way I did it today
[12:40] {Threei} not only looked for aggressive entries, but wanted them on price overshooting the reasonable pullbacks
[12:40] {Threei} missed some because of that but winning percentrage on those that got caught was beyond nice
[12:41] {bruce} I see your point vad - lots of moves vilating obvious suppoort level today then reversing
[12:41] {dino} out jaso .30, +.30
[12:41] {bruce} all in all - pretty small moves though
[12:41] {Threei} right, that's what I incorporated in today's entries
[12:41] {bruce} nice dino
[12:41] {dino} ty bruce, you get it?
[12:42] {bruce} no - bid at 00 not filled
[12:42] {Threei} if I wanted to trade, I'd look for QID long on this selling
[12:42] {dino} ok, was watching oih w/it, when oih started up, so did it
[12:43] {dino} damn, out way too soon
[12:43] {Threei} and RIMM short with stop above 92
[12:43] {bruce} got you
[12:43] {dino} wow we just jumped about 60 pts dji
[12:44] {dino} tson, waiting sm at .32
[12:44] {bruce} so jaso tends to follow oih?
[12:44] {dino} solar, oih. delayed, but usually after their initial day setup
[12:45] {bruce} hmm k
[12:47] {Threei} couldn't help myself, got .22 QID
[12:47] {Threei} out .37
[12:47] {dino} wwin
[12:47] {dino} thin
[12:47] {magoo} i dicked your aapl sh call, went long .05 exited .64
[12:49] {bruce} does the dji pop create a shorting opportunity dino?
[12:49] {Threei} you see the clock bruce?
[12:49] {Threei} just making sure you haven't lost track of time :)
[12:49] {bruce} good point vad
[12:50] {bruce} hanging up hat
[12:50] {Threei} easy to do getting caught in the excitement
[12:50] {Threei} then scream "turn those machines back on"
[12:51] {dino} no bruce
[12:51] {dino} for me, its' easier to short/long, individual stocks, rather than index
[12:52] {dino} alxn
[12:53] {Threei} OK guys, done for the day
[12:53] {bruce} k - but sounds like you use index to get advance idea of direction change
[12:53] {Threei} turned out quite nice one
[12:53] {magoo} ty vad
[12:53] {dino} yes bruce, exactly
[12:53] {dptl} have a good evening all
[12:53] {Threei} albeit not very easy but profitable
[12:53] {Threei} have a good evening, see you tomorrow
[12:54] {dino} i watch oih, dji, $ndx all day right w/the stocks i'm interested in
[12:54] {dino} cya vad
[12:54] {dino} cya dp
[12:55] {dino} cx tson, no time
[12:57] {dino} ok, thats all for me, thx for ideas

January 25, 2008

Session Start: Fri Jan 25 00:00:00 2008

Session Time: Fri Jan 25 00:00:00 2008

[05:41] {esemde} morning Vad, dp hawk jm patience and raven
[05:41] {dptl} good morning all
[05:42] {Threei} Good morning RT
[05:42] {esemde} how are things in your neck of the woods dp....are we gonna get snow this weekend?
[05:42] {dptl} i hope not
[05:43] {esemde} said light fluries here...
[05:43] {patience} bite your tongue ese
[05:43] {patience} good morning :)
[05:44] {esemde} ok ok ok......
[05:45] {cosmo} gee... i like snow
[05:45] {cosmo} but... no matter...
[05:46] {Threei} only because you never had to live with it for good 6 months every year :)
[05:46] {cosmo} yeah... one of my fantacies
[05:47] {Threei} you are one twisted man
[05:47] {Threei} unless you mean "one of my nightmares" :)
[05:48] {cosmo} nope ... i'm twisted .... just checked
[05:48] {Raven} FANTASIES !
[05:48] {Raven} Morn !
[05:48] {cosmo} R too:)
[05:49] {Raven} 4.8F with 6 inches of snowpack ... I hate it
[05:49] {Threei} R :)
[05:49] {Raven} T and c :)
[05:49] {Threei} see, R is not twisted
[05:49] {Raven} thx
[05:49] {Threei} his is a normal reaction
[05:50] {cosmo} good base for cross country
[05:50] {Raven} how would you know ?
[05:50] {cosmo} i read alot
[05:50] {Raven} damn hippie surfer
[05:50] {Threei} lol
[05:51] {Threei} btw, I am deeply troubled and somewhat insulted by IDIX not being at $52
[05:51] {Threei} my understanding was that's a given
[05:51] {Raven} wait a week
[05:52] {Threei} kind of agreement... "I buy your shares, you reward me by 47 points gap"
[05:52] {Threei} I did my part
[05:52] {dino} gm all
[05:52] {Threei} dino :)
[05:52] {Threei} can't trust anyone... even the most honest creation in the world, a stock
[05:52] {Raven} hi dino
[05:53] {cosmo} SOLF range pre mkt = 16.90 to 17.20 fyi
[05:54] {esemde} dino
[05:55] {lumdus} good morning all. Hope you had a great day yesterday
[05:55] {Threei} hi lum
[05:55] {cosmo} SYNA beats est... but warns next Q
[05:58] {dino} gm 3i, es
[05:58] {cosmo} AKNS
[05:59] {Threei} CSUN too
[05:59] {Threei} and other solars
[05:59] {cosmo} the whole bunch
[06:00] {esemde} yep....the ole solar screen....she be green....
[06:00] {Threei} that she be
[06:02] {magoo} morning
[06:02] {Threei} magoo :)
[06:02] {dino} oih rockin', solars the way
[06:05] {magoo} vad, any news FSLR today?
[06:06] {Threei} no
[06:07] {magoo} ty
[06:07] {Threei} general sector strength lifts it I believe
[06:07] {hawkfan4} solars up on good earning outlook from WFR and SPWR upgrades
[06:08] {Threei} and oil move as dino scrupulously noted
[06:09] {hawkfan4} and that too :)
[06:10] {Threei} now, I add "and general market exuding happiness", ese adds "indeed", group hug ensues
[06:10] {dino} anyone having connection issues w/;schwab/cyber/st.pro?
[06:11] {Threei} I don't
[06:11] {Threei} but for a very obvious reason :)
[06:11] {dino} a wise guy i see
[06:11] {Threei} sorry... going to my corner
[06:12] {Threei} Raven is already there with his 7 am martini
[06:12] {dino} i just may join him
[06:13] {dino} since i've been kicked out of acct 3x's so far
[06:13] {Threei} bring olives... he is out of them
[06:13] {Threei} wow... sorry to hear
[06:13] {dino} tomolives
[06:13] {dino} oh man, now i'm thinking happy hour
[06:14] {esemde} gotta be last call for RAven....
[06:14] {Threei} as russian saying goes... "one drink in the morning - day of freedom"
[06:15] {esemde} CSUN looks like a promising 1/2 lot at some point
[06:15] {Threei} not very precise translatiuon but the gist is there
[06:15] {Raven} garlic stuffed olives please ...
[06:16] {esemde} in Canada Vad......know as "Barley Sandwiches" at lunch
[06:16] {dino} indeed, plus jalapeono stuffed, mmmm
[06:16] {Threei} lunch??
[06:17] {Raven} feta cheeze stuffed ...
[06:17] {Threei} it's a good half of the day lost
[06:17] {Raven} anchovey stuffed
[06:17] {Raven} sigh
[06:17] {Threei} gosh... what did I start
[06:17] {Raven} heartburn ?
[06:18] {esemde} what can i tell ya......it's a great canadian tradition....we lag historical perspective of russians
[06:18] {Threei} lol
[06:18] {esemde} and tradition!!
[06:19] {Threei} you better catch up because we are not likely to slow down
[06:19] {dino} fightin' words
[06:19] {esemde} Vodka not slowing you down......?????
[06:20] {Raven} {-------- needs more tea (no olives ) ...
[06:20] {Threei} why would it... metabolism increase
[06:20] * Threei slaps LaserDave1 around a bit with a large trout
[06:20] {Threei} magoo, don't sleep at the wheel
[06:21] * magoo slaps LaserDave1 around a bit with a large trout
[06:21] {esemde} thats the name of great Texas band "Asleep At The Wheel"
[06:21] {magoo} can't believe hes up
[06:21] {Threei} me too
[06:21] {Threei} rare chance to slap him before market open
[06:22] {Threei} couldn't let you miss it
[06:22] {magoo} anyone watching grmn, rimm, aapl this morn
[06:22] {esemde} Great tunes....There Ain't Nobody Here But us Chickens"
[06:23] {esemde} there ain't nobody here at all...
[06:23] {esemde} now stop that fuss
[06:23] {esemde} come on with us
[06:23] {esemde} there ain't nobosy here but us.....!!!!
[06:24] {esemde} great tune
[06:24] {esemde} anybody on this board from Texas
[06:27] {Threei} keep an eye on COIN
[06:28] {LaserDave1} i am here real early and i still get the trouts
[06:28] {LaserDave1} thanks guys
[06:28] {Threei} always
[06:29] {dino} vprt, syna
[06:30] {Threei} looking for COIN pullback entry
[06:31] {Threei} half lot 11 long if stays above 10.70
[06:32] {Threei} or aggressively before the break to have tighter stop
[06:32] {magoo} arca quotes ok ?
[06:32] {Threei} so far yes
[06:34] {Threei} take scalp COIN
[06:34] {Threei} market is too weak
[06:36] {lumdus} nvls holding strong so far
[06:37] {lumdus} 3i, nvls hold up above 25 and break 25.10 long ?
[06:38] {lumdus} didn't hold .. scratch it
[06:38] {Threei} lost support
[06:39] {dino} scsc
[06:40] {dino} sm s .75, stop .13
[06:40] {bruce} stop coin -.39
[06:41] {Roman} LEN was nice swing alert yesterday
[06:41] {Roman} i am out
[06:41] {Threei} bruce?
[06:41] {dino} stopped -.38
[06:41] {Threei} it gave enough time to exit with small profit when market started dropping, I slerted
[06:42] {Threei} RIMM small shares bounce entry, closer to 97 or under
[06:47] {magoo} rimm follow naz?
[06:47] {Threei} mostly yes
[06:47] {dino} scsc s .48 sm last try
[06:52] {dino} bstop to .85 scsc
[06:53] {dino} cov scsc ave .85, +63
[06:53] {Threei} RIMM short small shares, stop above 98
[06:54] {Threei} NQ should make it work if breaks 1850
[06:54] {Threei} if not, stop is tight enough
[06:54] {Threei} not so far
[07:01] {lumdus} l
[07:03] {lumdus} is today options expiration ?
[07:03] {dino} ibm fall
[07:03] {magoo} no, 3rd friday of month
[07:07] {dino} abfs
[07:07] {dino} s .50 stop .88
[07:08] {dino} to .21
[07:08] {dino} stopped +.29, abfs
[07:09] {lumdus} way to scared to trade today.
[07:10] {dino} trade when you are shaking lum, get scared when you are calm
[07:10] {lumdus} hmm.. let me think about that
[07:11] {dino} take you time...:)
[07:11] {lumdus} let me try short nok
[07:11] {esemde} AARRRBABABA.......
[07:11] {esemde} ARBA......for those of you that don't speak my language
[07:11] {dino} ahhh
[07:12] {dino} s abfs .68, stop .90
[07:12] {dino} didn't expect it
[07:15] {Threei} BEAV lon g 41.05 half lot if stays above .90
[07:15] {dino} rocm
[07:15] {esemde} ARBA i like it...but no clear signal to get in.... just kinda goin up slowly
[07:16] {dino} stopped abfs
[07:16] {dino} -.30 slippage
[07:18] {bruce} nasty slippage dino
[07:18] {dino} yeah, it happens, but what can ya do
[07:18] {dino} better to be out imo
[07:18] {bruce} yes
[07:19] {bruce} any read sivb vad?
[07:19] {dino} we are scalp mode today bruce, it's friday
[07:19] {lumdus} vad, so is it not a good trading environment so far .. or you rebooting ?
[07:19] {Threei} 47 break worth as try bruce, small shares
[07:19] {Threei} rebooting?
[07:20] {Threei} you lost me lum
[07:20] {lumdus} i didn't know if you where online ..
[07:20] {Threei} see list onb the right?
[07:20] {bruce} k dino
[07:20] {lumdus} i got it
[07:21] {dino} i like rocm s somewhere, waiting at .94, but most likely high
[07:22] {dino} seic
[07:22] {Threei} IDIX finally remembered it's on a mission
[07:22] {dino} too fast
[07:23] {dino} mkt coming down, s rocm .29, stop .53
[07:26] {lumdus} dino, i have no read. i'll scalp .15 - .20 today.
[07:26] {dino} ?ok?
[07:26] {dino} scalpers fridays, always lim
[07:26] {dino} no read here either, just reactions
[07:27] {lumdus} so friday is scalpers day ?
[07:27] {dino} yesssssssssss
[07:27] {dino} for me
[07:31] {magoo} dow red
[07:32] {dino} not here
[07:33] {dino} tighten bstop rocm
[07:34] {Threei} watching COIN for entry for bounce scalp
[07:35] {Threei} .93 half lot
[07:35] {Threei} .75 stop
[07:36] {magoo} in vad
[07:36] {magoo} .92
[07:36] {dino} cov rocm .06
[07:37] {dino} +.23
[07:39] {Threei} need little market help and crossing back over 10
[07:39] {magoo} reason i hit .92 is its a jumper, i keep missing entry
[07:39] {magoo} but needs mkt
[07:39] {Threei} yeah
[07:40] {magoo} like 11 trigg, it shot .90 thru 11.15
[07:40] {dino} -200 today
[07:40] {dino} because nobody else thinks so
[07:41] {esemde} Outta here early today ya'll have great weekend....should be an up week next week if the market finishes up today...keep the fingers crossed
[07:41] {Threei} have a good one ese
[07:41] {dino} cya es
[07:41] {esemde} see ya
[07:42] {dino} lod dji
[07:43] {lumdus} dino, you gutsy out there.
[07:43] {dino} ?
[07:43] {lumdus} -200 ?
[07:43] {Threei} his forecast for DOW
[07:44] {dino} predictions are worthless lum, doesn't matter who makes them. just stating the obvious, nobody thinks we go down.
[07:48] {dino} bmrn drop
[07:48] {dino} insw
[07:48] {dino} thin
[07:50] {dino} aapl
[07:53] {Threei} TASR 10.82 long
[07:53] {Threei} .69 stop
[07:54] {Threei} disregard
[07:54] {Threei} looking at its intaday today, it jumps opff pullbacks and fails breaks
[07:54] {Threei} let's better look for entry if drops into .70
[07:57] {Threei} shhh
[07:57] {Threei} missed
[08:00] {dino} nihd
[08:01] {bruce} you suggestng scalping tasr between .6 and .75 vad?
[08:01] {Threei} that was the opportunity at the moment bruce
[08:01] {Threei} doesn't mean that's what is going to happen again, market changes
[08:02] {Threei} general idea of scalping it off pullbacks
[08:02] {bruce} k
[08:06] {dino} nihd l .68, stop lod
[08:09] {bruce} aapl dino?
[08:10] {dino} i have alot of trouble w/aaple bruce.....but, imo, it needs mkt help to go up
[08:10] {dino} wow abfs, glad the stop worked
[08:11] {bruce} k
[08:13] {dino} nile
[08:16] {dino} nihd stop to .88
[08:17] {dino} out nihd +.20
[08:17] {dino} l syna, risky, .80
[08:18] {dino} stop is .49
[08:20] {Chaeron} Good morning all
[08:20] * magoo slaps Chaeron around a bit with a large trout
[08:20] {dino} dji green
[08:20] {Threei} chaeron :)
[08:21] {Chaeron} thanks magoo, heyya3i
[08:22] {dino} gm ch
[08:22] {Chaeron} heya dino
[08:22] {dino} tighten syna to .57
[08:24] {dino} stopped -.23
[08:25] {bruce} -.20 for me dino
[08:26] {bruce} watch it go long on us now
[08:26] {dino} yeah
[08:26] {bruce} anyway - prefer stops prior to lod
[08:26] {bruce} rinses smaller
[08:26] {dino} i had 500, so tighter, should've went 300\
[08:27] {dino} but, scalping, so.......
[08:27] {bruce} gonna watch it for double bottom
[08:27] {dino} let me know
[08:27] {dino} -51
[08:28] {dino} vprt s .51, stop .81
[08:30] {dino} nihd?
[08:31] {dino} vprt stopped .79, -.28
[08:33] {Threei} KLAC half lot short
[08:33] {Threei} stop above .20
[08:34] {dino} nihd l sm .37
[08:35] {Threei} invalidated
[08:36] {Threei} closer to .50 is another level to watch
[08:39] {Threei} in
[08:39] {Threei} .55 stop
[08:44] {lumdus} scalping .10 - .15 all day . not even trying for more
[08:44] {dptl} mpel?
[08:44] {Threei} not really breakout day dp
[08:44] {dino} smart
[08:45] {dptl} ok
[08:47] {Threei} no go KLAC
[08:47] {dino} ibm sm l .90
[08:49] {dino} tricky today, just when you think.....
[08:51] {patience} one trade so far, SDS. Got frustrated with range bouncing. Sold +.02. Not impressed.
[08:51] {dino} no follow thru either way
[08:54] {bruce} syna looking better dino
[08:55] {dptl} bpop?
[08:57] {_pith} sold 10,000 bushells corn @ 5.014
[08:57] {_pith} just wanted to participate :)
[08:58] {Threei} now corner cotton market!
[08:58] {_pith} :) not cotton country here
[08:58] {dino} too late, i am at .30 syna, no fill
[08:58] {dino} who's that jesse livermore
[08:59] {lumdus} ok, i got a whole trade... in adbe 35.48
[08:59] {Threei} RIMM .30 long small
[09:00] {magoo} in
[09:00] {Threei} stop under 95
[09:01] {magoo} feels like mkt gonna xplode UP..just a feel
[09:02] {dino} nihd stop to .77
[09:02] {lumdus} smagoo, this is a damm frustrating day for me.
[09:02] {Threei} 1:1 RIMM
[09:03] {dino} gj
[09:07] {dino} pepperoni is an under-rated meat
[09:07] {bruce} lol dino
[09:08] {dino} eating it w/cheese
[09:08] {bruce} you forogt the tomatoes
[09:08] {dino} y
[09:08] {bruce} and should have had mags grill it for you
[09:08] {bruce} even better that way
[09:08] {dino} low carb for awhile
[09:08] {bruce} k
[09:09] {dino} out nihd ave .77, +.40
[09:09] {bruce} yep - cheese and peperoni is pretty low cal
[09:09] {dino} 10 lbs down in 3 weeks
[09:10] {bruce} good progess
[09:10] {bruce} you gave up beer?
[09:10] {_pith} wife went to pick up the lamb we had butchered...mmmm , lamburgers
[09:11] {dino} lite beer
[09:11] {bruce} oh
[09:11] {dino} mmmm
[09:11] {bruce} that sucks
[09:11] {Threei} he adds ground beef in it bruce
[09:11] {bruce} the lite beer that is
[09:11] {Threei} calls "beer with beef twist"
[09:11] {bruce} lol
[09:11] {bruce} can anything save lite beer?
[09:11] {patience} pith, where are you that you have lamb
[09:12] {_pith} farm ranch in eastern CO
[09:12] {dino} sweet
[09:12] {_pith} lamb breaks up the constant diet of beef
[09:12] {patience} i grew up eating lamb, we get it on salt spring island
[09:14] {Threei} I tried to think what I grew up on, and realized I never did
[09:14] {patience} bought dow puts (daw p mar 123)
[09:14] {_pith} eat or grow up?
[09:15] {Threei} grow up
[09:15] {_pith} :)
[09:17] {dino} all from pepperoni
[09:19] {bruce} dv dino
[09:23] {dino} hmmm good earnings, must be missing something
[09:23] {Threei} it's missing zest to live
[09:23] {_pith} If windfarm negotiations go thru, I hope to be trading soon. not as much fun watching everyone else, though I'll probably still watch for couple of weeks till I get the feel again.
[09:26] {dino} dv sm .05, wide
[09:26] {dino} l
[09:26] {dino} lmia
[09:33] {aimm} lmia
[09:35] {dino} ccix
[09:36] {bruce} wow - thats a spike
[09:36] {lumdus} short rimm 95.06 stop 95.19
[09:36] {dino} can't borrow
[09:36] {lumdus} i really shouldn't but it looks damm weak now
[09:37] {lumdus} +.17 on rimm !!
[09:37] {dino} careful
[09:38] {lumdus} in l celg .55
[09:38] {lumdus} just looking for pennies dino.
[09:38] {bruce} glad it worked lum
[09:39] {dino} oh sorry lum, thought you ment ccix
[09:40] {bruce} wow - cix
[09:40] {bruce} you able to catch the short in ccix dino?
[09:41] {lumdus} dino, just something for trying. i am actually thinking to stop trading on Friday. rough time all the time and walk home with peantus
[09:42] {dino} couldn't borrow it bruce
[09:42] {dino} lum, in summer, i quit at lunchtime
[09:42] {dino} on fridays that is, cut the lawn
[09:43] {lumdus} yeah, i can't sit doing this on a Friday .. never make more then a few pennies.
[09:43] {patience} vision of dino on his rid em mower with beer in hand on fridays
[09:43] {bruce} k dino
[09:43] {bruce} yeah
[09:43] {bruce} lite beer too
[09:43] {bruce} yeck
[09:43] {dino} lol
[09:44] {dino} i like them all
[09:45] {bruce} k
[09:46] {dino} my mower does have a beer holder, problem is it shakes it up too much, mixed drink better
[09:47] {dino} eng
[09:47] {bruce} makes sense
[09:47] {bruce} with a lng straw
[09:50] {dino} sm risky s eng .84, wide
[09:53] {LaserDave1} magoo dcc please
[09:54] {lumdus} rimm might be a nice short again.
[09:56] {dino} dv stopped -.38
[09:57] {dino} -110
[09:57] {dino} 100
[09:57] {bruce} sorry dino
[09:58] {lumdus} rimm working like a seek little boy
[09:58] {dino} np, part of the game
[09:58] {dino} watch
[09:58] {lumdus} out rimm + .47
[09:58] {dino} cov eng .40, +.44
[09:58] {lumdus} yes, something working finally
[09:58] {dino} gj lum
[10:00] {dino} nihd?
[10:02] {lumdus} i really should stop .. but ..
[10:02] {lumdus} short amzn 78.16
[10:04] {lumdus} stop .33 not working here.
[10:04] {dino} aapl at yesterdays lod
[10:04] {Threei} looking at it for short too
[10:04] {Threei} hopefully on bounce
[10:05] {lumdus} vad you feel market going down now ?
[10:06] {Threei} feels this way... but not without bounces
[10:06] {lumdus} yeah, i felt like a bouncing ball all day today
[10:07] {lumdus} i need amzn to drop heavily , it looked good but now ouch
[10:08] {Threei} short AAPL small stop above 132
[10:09] {dino} dv actually held well, may re-load
[10:09] {Threei} covered .40
[10:09] {Threei} +.39
[10:11] {dino} sm l nihd .21
[10:11] {dino} stop lod
[10:12] {lumdus} vad look like a genius .. in /out and done
[10:12] {Threei} that's the theme for today
[10:12] {dino} dv l .00
[10:12] {dino} sm, wide
[10:12] {lumdus} sure looks like it.
[10:15] {patience} vad, scalping should be good in over next 2 weeks if one of my fav reporters is correct http://www.nypost.com/seven/01242008/business/you_should_be_wary_of_this_market_reboun_412433.htm
[10:16] {Threei} reading
[10:20] {Threei} good one, ty
[10:21] {Threei} if that market bounce was really plunge protection team's work, we are going down big time
[10:21] {Threei} which will be a very good thing for us
[10:23] {lumdus} vad, a day like today i don't see any trends working. I am watching now wb, looks like the best short in th
[10:23] {lumdus} the world. you think it will work ?
[10:23] {lumdus} WB
[10:24] {Threei} I don't think lum...
[10:24] {Threei} I simply trade when I see a good setup
[10:24] {Threei} then market tells me whether it's profit or stop
[10:25] {Threei} WB looks fine
[10:25] {Threei} I'd prefer short on bounce
[10:25] {Threei} closest resistance is .60
[10:25] {lumdus} i don't think i am taking anything yet .. just watching
[10:26] {Threei} if it bounces closer to .60, I'd watch for first sign of weakness to short
[10:26] {lumdus} let me know if you get in
[10:26] {Threei} if market plunges without bounce from here, .34 short trigger
[10:26] {Threei} but with stop weing above .60, size should be controlled
[10:26] {dino} ofor 2 dv, stopped done w/it
[10:27] {bruce} stopped dv - .56
[10:28] {Threei} if it loses .30, move stop to above .50
[10:28] {dino} nihd tighten to .98
[10:29] {dino} going for the -200, sheesh
[10:29] {dino} another 230+ range day
[10:32] {dino} nihd stopped .00, -.21
[10:32] {dino} that should not have happened
[10:32] {dino} ok now
[10:36] {Threei} WB 2 cents shy 1:1
[10:38] {lumdus} i got out
[10:39] {Threei} see... no thinking required
[10:39] {lumdus} scared we bounce now
[10:40] {lumdus} yes, in out
[10:45] {lumdus} how about cof .. looks tempting on a small bounce maybe
[10:45] {lumdus} if it stays below 46.09
[10:45] {Threei} toughie
[10:46] {lumdus} yeah, but when it falls it does so nicely. very tempting .. hold me back then
[10:53] {dino} -220 almost
[10:54] {Threei} now 400 ponts bounce will complete tha chaos
[10:56] {patience} ok vad, i need a little pep talk about not dumping a position because i am merely frustrated. SDS is up $2.10 after i sold.
[10:56] {Threei} with your timeframe... don't watch tick by tick :)
[10:57] {Threei} place your stop, place your best case sell
[10:57] {Threei} look once every hour or so
[10:57] {Threei} just to avoid situation when it came to your desired target and reversed couple ticks shy
[10:57] {lumdus} ok, in long the whole market
[11:00] {dino} lmia l .51, sm, stop .09
[11:06] {bruce} taking break
[11:06] {bruce} nasty day
[11:07] {Threei} AAPL short small under .30
[11:07] {dino} you ok?
[11:08] {Threei} with such size of bounce, better look for aggressive entry
[11:09] {Threei} closer to 131
[11:10] {Chaeron} 14:10 01/25 *DJ Tsy Paulson: Confident Stimulus Plan Will Quickly Boost Econ
[11:10] {Threei} uhhu
[11:12] {Chaeron} 14:10 01/25 *DJ FAKE *** Threei's Response To Paulson: " Uhhu "... Markets Rebound On Threei's Candor and Insight :)
[11:12] {Threei} lol
[11:12] {Threei} in
[11:12] {Threei} .15 stop
[11:13] {Threei} nope
[11:13] {magoo} poerwing up vad
[11:14] {dino} going flat
[11:14] {Threei} with 7 cents stop, it can do whatever it wants
[11:18] {Threei} who got a coin handy
[11:18] {Threei} toss it, up or down from here
[11:19] {dino} or not, lol
[11:22] {dino} starting to sound like me vad, flipping coins
[11:22] {dino} next thing you'll get an easy buttom
[11:22] {dino} n
[11:23] {dino} 60 pts in blink of an eye
[11:29] {patience} ok, i'm getting in the right head space for a decent market move...gotta get the courage of this guy http://www.youtube.com/watch?v=mKRR9RMmcIQ
[11:29] {dptl} patience, what is your timeframe you trading?
[11:30] {patience} daily, weekly, monthly
[11:30] {patience} i usually look for momo whereever i can find it and adjust timing for each situation
[11:31] {dptl} ok...tnx
[11:34] {dino} monte carlo hotel in vegas big fire
[11:35] {Threei} .80 break long AAPL
[11:36] {Threei} stop under .60
[11:37] {Threei} should break 132 now
[11:37] {magoo} nice read
[11:37] {Threei} quick 1:1
[11:39] {dino} syna
[11:48] {Threei} another coin toss in order - breakdown or bounce
[11:48] {Threei} AS of 2:32 Amex is in a floor wide TRADING HALT.
[11:48] {Threei} what a technology
[11:52] {dino} less is more, just keep the stop
[11:52] {Threei} TRES SEC PAULSON: STIMULUS PACKAGE MAY HELP CREATE 500,000 JOBS THIS YEAR, CHECKS MAY BE MAILED 2 MONTHS AFTER ENACTED
[12:01] {Threei} AAPL long, stop under 131
[12:12] {Threei} RIMM 91.90 short
[12:13] {Threei} invalidated, no aggressive entry
[12:14] {patience} ok dino, might as well get out the mower. the big brokerages must have shut down for the weekend, leaving us at our computers until the close
[12:15] {dino} rally then
[12:15] {Threei} yup
[12:16] {dino} although 15 degrees here, little cold to mow
[12:16] {Threei} left to our own devices we tend to run things up
[12:16] {bruce} forget the mower dino - just grab a beer
[12:17] {cosmo} a warm beer
[12:17] {dino} no kidding, alot of work for neg. $150, unless lmia comes thru
[12:18] {bruce} warm beer?
[12:18] {bruce} yuk
[12:18] {bruce} yuk
[12:18] {bruce} yeck
[12:18] {Threei} california perversion bruce
[12:18] {cosmo} used to be the only way
[12:18] {bruce} down for me too dino
[12:19] {bruce} I recall hearing hat cosmo
[12:19] {dino} 40 min. bruce, and at this point warm beer would do
[12:19] {dino} we missed that dv spike
[12:19] {dino} loaded landsharks that what we need (beer w/tequilla shot
[12:19] {bruce} dv got me
[12:20] {bruce} twice
[12:20] {bruce} syna too
[12:20] {dino} made some on syna
[12:20] {dino} nihd 2/3
[12:20] {dino} ralllly
[12:21] {dino} ok, if lmia holds, back to even
[12:22] {dino} c'mon spike
[12:23] {bruce} you doing Ok today mags?
[12:24] {dino} stop to .77
[12:25] {dino} out lmia slippage up at .80, +.29
[12:26] {bruce} glad it was green for you
[12:26] {bruce} tempted to short dv here
[12:27] {dino} dk, toughy
[12:27] {dino} uyg s maybe
[12:28] {dino} nah
[12:39] {dino} l de .15
[12:41] {Threei} going to call it a day guys, time to chill out after this rollercoaster
[12:42] {bruce} have a good weekend vad
[12:42] {Threei} my feeling (so far) for the next week is, we continue slide down but in more orderly fashion
[12:42] {Threei} will see how it goes
[12:42] {magoo} ty vad
[12:43] {dino} out de .39, +.24 yeah black
[12:43] {magoo} have good weekend
[12:43] {Threei} take care, see you all on Monday
[12:43] {dptl} have a good weekend all
[12:43] {dino} take care 3i
[12:51] {bruce} good thing you took de as scalp dino
[12:51] {dino} yeah, wow
[12:51] {patience} here i was trying to have a snooze and look at the dow
[12:51] {dino} break of 83 i may hit it again
[12:51] {dino} but doesn't look like it will get there
[12:52] {dino} going for lod
[12:52] {bruce} yes - big breakdown
[12:52] {dino} nah, i'm done, no mas
[12:53] {dino} wow look at it
[12:53] {dino} goes 50 cents in a blink
[12:53] {bruce} rimm, goog, aapl
[12:54] {bruce} all the big boys down now
[12:54] {bruce} people bailing before weekend
[12:55] {dino} wait until joe blow gets his monthly statement
[12:56] {bruce} good point
[12:56] {bruce} tehy'll be out soon
[12:57] {bruce} brokers will be phoning people telling them now is time to double up
[12:57] {dino} thinking that, could be a tough february
[12:57] {dino} de going for 83
[12:58] {dino} man, should've bgt
[12:59] {bruce} rimm s still siting at bottom
[13:06] {bruce} bye all
[13:09] {dino} gn all