Session Time: Wed Feb 27 00:00:00 2008
[08:32] {Threei} *JAN DURABLE GOODS ORDERS: -5.3% V -4.0%E; EX-TRANSPORTATION: -1.6% V -1.4%E
- Prior Durables revised from 5.0% to 4.4%
[08:32] {Threei} - Prior Ex_Transportation revised from 2.3% to 2.0%
[08:57] {dino} gm all
[08:58] {Threei} dino :)
[08:59] {cosmo} ADSK warns
[08:59] {cosmo} Autodesk Donates New Data Access Technology for Microsoft SQL Server 2008 to Open Source Community
[08:59] {cosmo} PR Newswire (Wed 8:30am)
[08:59] {Threei} how very noble
[08:59] {cosmo} ....another +
[09:00] {cosmo} 34.62 pre mkt high ....fyi
[09:02] {cosmo} NFLX
[09:03] {cosmo} ... sees better times ahead...
[09:03] {cosmo} fwiw
[09:03] {cosmo} Netflix raises EPS, revenue and subscriber guidance for Q1 & FY08
[09:03] {cosmo} Briefing.com (Wed 7:42am)
[09:08] {cosmo} .... 31.14 so far...
[09:10] {dptl} good morning all
[09:10] {Threei} dp :)
[09:17] {magoo} morning
[09:18] {Threei} magoo :)
[09:19] {magoo} no replay today in room?
[09:19] {tomg} gm all
[09:19] {magoo} not a problem, just informing
[09:19] {Threei} tom :)
[09:19] {Threei} ty mags, will inquire
[09:20] {Threei} replay isn't working for everyone else?
[09:21] {tomg} works ok for me
[09:21] {Threei} hmm
[09:21] {magoo} double hmmm...hmmmmmmm
[09:21] {Threei} anyone else? I don't want to disconnect on purpose
[09:22] {Threei} (who knows if you let me back)
[09:23] {magoo} u pick another pointer like RIMM and u can come back anytime lol
[09:24] {Threei} ty... you are in a good spirit today :)
[09:27] {cosmo} JASO gonna test 14.8
[09:27] {esemde} morning
[09:27] {Threei} ese :)
[09:31] {_leo1} HI
[09:31] {Threei} leo :)
[09:31] {esemde} leo
[09:31] {magoo} leoooo:)
[09:33] {_leo1} IM LEO:)
[09:35] {Roman}
21 SSRI long setup
[09:35] {Threei} NVDA short for a scalp with .56 stop, let's keep it half lot
[09:35] {Threei} on first sign of weakness
[09:35] {Roman}
21 in SSRI 36.16
[09:35] {Threei} SSRI is silver, right?
[09:35] {Roman}
21 yes
[09:36] {Roman}
21 COIN high
[09:37] {magoo} where u in SSRI rfr?
[09:38] {Roman}
21 [09:35] {Roman} in SSRI 36.16
[09:38] {lumdus} good morning all . woke up late
[09:38] {Threei} lum :)
[09:38] {magoo} ty
[09:38] {magoo} sh NVDA
[09:38] {magoo} .42
[09:38] {Threei} die NVDA
[09:39] {Threei} market is trying to strengthen
[09:40] {Threei} unsuccessfully
[09:40] {Threei} stop to .51
[09:40] {lumdus} l gg 43.15
[09:40] {Threei} don't want to get caught in morning volatility
[09:41] {magoo} out
[09:41] {Threei} out
[09:42] {curtisweese} out
[09:43] {Threei} VLNC will never stop or what
[09:43] {lumdus} vad, and you the next vlnc .. (ctum) hopefully
[09:44] {lumdus} stop on gg b/e 43.14
[09:46] {lumdus} damm out gg -.02
[09:48] {Threei} XLNX 23.06 long if stays above 22.95
[09:50] {magoo} in
[09:54] {dino} sone s .28, stop .53
[09:56] {Threei} LLTC .78 long with .69 stop
[09:57] {magoo} in
[09:59] {Threei} enough headfakes NQ, just go up alreadyt
[09:59] {magoo} really
[09:59] {Threei} good boy... now break 1790 and rally
[09:59] {dino} tighten sone to hod
[10:00] {Threei} JAN NEW HOME SALES: 588K V 600KE
[10:02] {Chaeron} gm all
[10:03] {magoo} morn chaer:)\
[10:03] {Threei} market demonstrated ability go up on any bad news lately... and we just got more news... let's rally
[10:03] {Threei} chaeron :)
[10:03] {magoo} doesn't know what to do
[10:03] {Threei} it does... it wants to go up
[10:03] {Threei} one th doesn't know yet is:
[10:04] {Threei} has it shaken enough of shorts yet
[10:04] {Chaeron} in XLNX
[10:04] {lumdus} s amzn 70.22 stop 70.26
[10:06] {lumdus} dia amzn ,, quickly and i scalp you .
[10:06] {Threei} LLTC stopped
[10:06] {lumdus} stop 70.03 hard stop
[10:06] {dino} sone stopped .45 -.17
[10:06] {lumdus} .88 stop
[10:07] {curtisweese} lltc stopped o for 2 today
[10:07] {curtisweese} for me
[10:07] {lumdus} .75 stop on amzn
[10:07] {magoo} 0 for 3
[10:07] {lumdus} out amzn .73
[10:07] {lumdus} +.48 on amzn
[10:09] {lumdus} vad, how can i after tell this. Look, i scalped amzn and now it goes down more.
[10:09] {magoo} its rinsing us vad
[10:09] {Threei} now it going back up lum
[10:09] {magoo} not complaining..observing
[10:09] {Threei} relax, it's normal trading process
[10:09] {Threei} you take what you can read
[10:09] {magoo} yup
[10:09] {Threei} yes mags
[10:10] {lumdus} i want to short the damm thing again
[10:10] {Threei} stop is stop, it's placed there to stop losses... you can't widen it indefinitely just to avoid being shaken out
[10:11] {lumdus} watching dd for long
[10:13] {lumdus} in abb 25.48
[10:14] {esemde} I see your argument about a rally Vad...it looks to me like stocks are being squeezed down one last time or so to shake out weak hands...
[10:14] {lumdus} lon abb 25.48 stop 25.37
[10:16] {lumdus} stop on abb 25.44
[10:16] {curtisweese} lum, nice...watching that one
[10:16] {Threei} and rallying we are
[10:17] {magoo} good feel u had boss
[10:17] {lumdus} you really think staying power. i am going to wait, but amzn is on my hit list for a nice short
[10:17] {Threei} yeah... unfortunately haven't found right stock to utilize it
[10:17] {magoo} ok, its playing hardball
[10:17] {curtisweese} i'm in scalp mode...market too jumpy for me :(
[10:17] {Threei} LLTC shook us out
[10:17] {Threei} XLNX trying
[10:17] {Threei} a bit too narrow, wish it had more "spiking power"
[10:18] {magoo} do not have any familiarity with these 2
[10:18] {curtisweese} i'm gonnna short NVDA in a sec ...around 22.69 if resistance holds
[10:19] {lumdus} curits, you do better shorting amzn inho
[10:19] {curtisweese} ok...let me check :)
[10:19] {lumdus} little too late ..
[10:19] {magoo} vcad, whats XLNX potential? as in .40 area?
[10:19] {Threei} great LLTC
[10:19] {Threei} mags, totally depends on market
[10:20] {Threei} XKLNX is willing
[10:20] {Threei} and can creep much higher
[10:20] {Threei} but market support is neded
[10:20] {magoo} understood on mkt depends
[10:20] {lumdus} ok, there is the scalp for amzn short .. the easiet trade ever made
[10:20] {curtisweese} yeah missed it :(
[10:20] {lumdus} out amzn + .63
[10:21] {lumdus} curtis, i gave you 2 x heads up.
[10:21] {curtisweese} yeah....i know...no worries...if i'm not in, i cant lose any money anyway...hehehe
[10:21] {lumdus} one more trade for the morning and I am done. Getting to hyper
[10:22] {lumdus} feeling too confident is also no good. Need someone to slap me around .. with a trout of course
[10:22] * magoo slaps lumdus around a bit with a large trout
[10:22] {lumdus} tx bud
[10:22] {magoo} u can count on magoo bro
[10:22] {lumdus} stop on abb to .46 let's see
[10:23] {lumdus} vad, you like abb ?
[10:24] {Threei} if it works I do
[10:25] {dino} qld s .50
[10:27] {Threei} so, let's see... economy is in ruins, banks are all but close their doors, inflation is rampant, recession is looming - and out of all stocks you could think of it's NFLX that is running?
[10:28] {magoo} might be a pullbk entry here vad in LLTC?
[10:28] {magoo} if mkt resumes up
[10:28] {lumdus} out abb -.02
[10:28] {Threei} with .79 stop, why not
[10:28] {magoo} orig was .78 right?
[10:29] {Threei} yes
[10:30] {Threei} *DOE CRUDE: +3.2 V +2.5ME ; GASOLINE:+2.3 V +400KE ; DISTILLATES: -2.58M V -2ME ; UTILIZATION: % V 83.7%E
[10:32] {Threei} CFO: FEEL BETTER ABOUT IBM'S US BUSINESS TWO MONTHS INTO Q1 THAN HE DID IN Q4
[10:32] {Threei} good for him
[10:34] {Threei} XLNXstop to .99
[10:37] {Threei} XLNX over 1:1
[10:37] {lumdus} and there goes abb.. too tight of a stop .. again, as vad would say
[10:37] {Threei} LLTC rewards tour entry mags (if you went for it)
[10:37] {Threei} half out XLNX .24
[10:37] {magoo} i did .84
[10:38] {magoo} how u know i go lol?
[10:38] {dino} qld stopped -.33
[10:38] {Threei} I didn't... said IF :)
[10:38] {lumdus} i am shorting amzn on next bounce
[10:38] {Threei} but really, I had little doubt, lol
[10:38] {magoo} thats whatr i meant
[10:38] {lumdus} short amzn 69.91 stop 70.11
[10:40] {magoo} out 29 here vad, TY
[10:40] {Threei} in full?
[10:40] {magoo} yeah, i dummy
[10:40] {Threei} who knows... we will see
[10:40] {magoo} like to bank it too much i guess
[10:40] {Threei} market looks ready for breakout
[10:41] {magoo} although i still in X with ya
[10:41] {Threei} breakout it is
[10:41] {lumdus} amzn -.21
[10:41] {Threei} in what?
[10:41] {magoo} XLNX
[10:41] {esemde} indexes turning green vad......
[10:41] {magoo} u partial yet?
[10:41] {Threei} ohh... sorry, you sold LLTC
[10:41] {Threei} misunderstood
[10:42] {Threei} [10:37] {Threei} half out XLNX .24
[10:42] {lumdus} nice trading folks
[10:42] {magoo} oh, ok
[10:42] {magoo} we BOTH confused lol
[10:43] {magoo} alright, i just partialed .32
[10:43] {dino} kbr l .72
[10:47] {dino} sm l fwlt .00
[10:48] {curtisweese} s AMZN 70.62 risky
[10:50] {lumdus} amzn with .85 stop .. curtis .. right ?
[10:50] {curtisweese} exactly what i had
[10:50] {lumdus} i didn't do anything yet doesn't look so good
[10:50] * Chaeron slaps Laserdave1 around a bit with a large trout
[10:51] {curtisweese} stopped
[10:51] {curtisweese} needed the market to help on that one
[10:51] {lumdus} yeah, it didn't make much sense the trade curits
[10:52] {curtisweese} lol....
[10:52] {curtisweese} {--newbie
[10:52] {curtisweese} now i want to buy it if it breaks 71.18 or so lol
[10:54] {dino} fwlt stopped -.27
[10:55] {Threei} FED'S BERNANKE: MORTGAGE DEBT MARKET 'DYSFUNCTIONAL' - Q&A
- Notes need for more responsibility and accountability in mortgage origination
[10:55] {Threei} - Must take measured approach in new regulation to the mortgage industry
[10:55] {Threei} - No date has been set for release of new rules
[10:56] {lumdus} fnm running
[10:57] {lumdus} s hort fnm 31.33 stop hod
[10:57] {lumdus} stop b/e now..
[10:57] {curtisweese} crap...there drops AMZN
[10:57] {lumdus} out 31.03
[10:57] {lumdus} +.30 fnm
[10:59] {curtisweese} i just needed a higher stop on it i guess
[10:59] {curtisweese} or luck making bad trade look good....hahaha
[11:05] {dino} nihd l .80
[11:10] {dino} nihd stop to b/e
[11:10] {magoo} RIMM in that tough 110 level vad
[11:10] {magoo} could be short scalp w/mkt help
[11:12] {dino} to .23
[11:14] {dino} stoppeed nihd .23, +.43
[11:15] {Threei} dunno mags... so far idea of shorting doesn't appeal to me today
[11:22] {Threei} as a matter of fact... I'd rather look for RIMM long if it takes 111
[11:22] {curtisweese} what about NVDA long if breaks 22.99 or so?
[11:23] {curtisweese} in on NVDA long
[11:23] {Chaeron} in RIMM
[11:25] {Chaeron} stopped RIMM -.25
[11:37] {Chaeron} .
[11:37] {Threei} EMKR RECEIVES $39M IN NEW ORDERS FOR CONCENTRATOR SOLAR CELL RECEIVER ASSEMBLIES
[11:42] {dino} partial fill s aaww .90
[11:49] {dino} aaww bstop to .23
[11:52] {Threei} in RIMM small long
[11:52] {Threei} stop under .75
[11:54] {Threei} XLNX stop to .19 for second half
[11:55] {Threei} out RIMM
[11:55] {dino} aaww bstop to .70
[11:55] {Threei} tricky
[11:55] {dino} biib
[11:56] {Threei} BIIB
[11:56] {Threei} FDA: TYSABRI LINKED TO SIGNIFICANT "LIVER INJURY," MAY OCCUR WITHIN SIX DAYS WITHIN FIRST DOSE
[11:57] {Threei} short small
[11:57] {Threei} stop above .50
[11:58] {dino} cvco sm l .07, biib sm l .00
[12:00] {Threei} can't seem to trade 25 cents for a phone call today
[12:01] {dino} out biib .85 +.85
[12:01] {Threei} lol
[12:02] {Threei} shorted at the same .85 again
[12:02] {dino} you're welocome to have those shares
[12:02] {Threei} nope, we both sold
[12:02] {dino} aaww bstop to .29
[12:03] {dino} exac
[12:03] {Threei} tried to cover .26, got half only
[12:04] {Threei} looks like second half is going to be stopped
[12:05] {Threei} out
[12:05] {dino} aaww stopped 52.29 +1.61
[12:06] {dino} enoc kicked in the b@lls
[12:06] {Threei} out balance XLNX
[12:07] {Threei} failed to make new highs, lunch time upon us
[12:07] {Threei} not much chance for continuation nearest time
[12:15] {curtisweese} hmmm SIRI intriguing at 2.94
[12:18] {curtisweese} lol...even at 2.93....small changes equal big loss or win though...scary
[12:20] {curtisweese} i will say i just got a new car and it has Sirius which i thought was stupid, but now that i have it, it is the coolest thing ever
[12:21] {Threei} GDX .51 long if stays above .40
[12:23] {dino} pzza
[12:26] {curtisweese} in on SIRI 2.94.....going with my gut! shudder
[12:29] {curtisweese} run SIRI run! boiled shrimp fried shrimp cajun shrimp
[12:32] {dino} forest
[12:38] {Threei} FED'S BERNANKE: LARGE INCREASE IN TAXES WOULD BE A DRAG ON THE CONSUMER- Expects higher unemployment only to last for a couple of years
[12:40] {dino} out cvco .65 +.58
[12:41] {curtisweese} ohhh 6 to 1 ratio buyers to sellers is good right? these level 2 screens confuse me....grrrr
[12:41] {Threei} it doesn't have any significance on this stock
[12:41] {curtisweese} then disappears in a second...you are right!
[12:42] {curtisweese} again
[12:42] {curtisweese} of course
[12:42] {curtisweese} :P
[12:42] {Threei} go to that video interview of mine on homepage, listen to the part on level 2
[12:42] {Threei} and read scalping course part on that
[12:43] {curtisweese} k
[12:54] {Threei} GDX 1:1
[12:54] {Threei} did I really hit something right?
[12:54] {Threei} lol
[12:55] {Threei} WHITE HOUSE: 'MINDFUL' OF IMPACT OF RISING GASOLINE PRICES ON ECONOMY
[12:55] {dptl} out gdx ty
[12:55] {Threei} welcome sir
[12:56] {Threei} aren't you guys glad white house is mindful of that?
[12:57] {cosmo} getting oil from $25 to $100 is hard work....
[12:58] {magoo} i must not be paying for all the correct symbol quotes..i can't pull that one vad GDX
[12:58] {dino} pzza s .50 stop .76
[12:58] {dptl} you need amex data Mags
[12:59] {magoo} oh..ok TY
[13:02] {dino} pxxa bstop to .21
[13:02] {dino} stopped +.29
[13:08] {dino} pzza i meant
[13:15] {dino} cvco s,m l .25
[13:18] {dino} stop to .35
[13:18] {Threei} out GDX in full, 1:2
[13:31] {dino} cvco slippage out -.05, f'ng .21 cents
[13:32] {dino} exac s .81, stop .03
[13:32] {Threei} DOJ CLEARS ORCL ACQUISITION OF BEAS - WIRE HEADLINE- Reminder deal is for $19.375 in cas
[13:32] {Threei} no upside really
[13:36] {magoo} lil selloff here
[13:36] {Threei} good thing I pulled plug on XLNX balance, seems to be totally out of gas
[13:39] {dino} need gas talk to magoo
[13:39] {Threei} I don't want to be presented
[13:45] {Chaeron} .
[13:47] {Threei} that's a fine point
[13:47] {Threei} I wish I made this point myself
[13:47] {Chaeron} heheh...
[13:47] {patience} speaking of gas....filled up the gas tank of my sister's new Hummer which I drove this past weekend
[13:47] {Threei} let's see if this makes thnings better:
[13:47] * Threei slaps Laserdave1 around a bit with a large trout
[13:48] {Threei} Hummer eh
[13:48] {patience} felt surreal paying the bill
[13:48] {Chaeron} $245?
[13:48] {patience} laughing, no
[13:48] {patience} was about $125
[13:48] {Threei} sheesh
[13:49] {Chaeron} canadian?
[13:49] {patience} what a guy magnet though....everytime parking, some guy comes up asking to see under the hood
[13:49] {patience} no, u.s. dollars chaeron
[13:49] {Chaeron} not going to respond to that one......................
[13:50] {Threei} I have 82 litres tank (I think it's about 22 gallons)... costs about 70 bucks to fill it
[13:50] {curtisweese} $75 or so for me....Jeep SRT :(
[13:50] {dino} lolpatience
[13:50] {Threei} I am never driving Hummer, it's official... why would I want a guy magnet
[13:51] {Chaeron} great point
[13:54] {curtisweese} Vad, crystal ball handy?
[13:54] {curtisweese} market is going......? heheh
[13:54] {Threei} handy but somewhat cloudy today
[13:57] {curtisweese} here we go...rally time
[13:57] {curtisweese} coooome oooooonnnn
[13:58] {Threei} nah curtis... you are asking... violence is the only thing that works
[13:58] {Threei} kick market, don't ask it
[13:58] {lumdus} oh, nice break i took. I missed anything
[13:58] {Threei} yes lum, 8 trades &1.20 each
[13:59] {Threei} no, one was 1.15, sorry
[13:59] {Chaeron} I retired lum
[13:59] {curtisweese} {{moves market higher through sheer stubborness and will and a smidge of violence}}
[13:59] {lumdus} interesting exact same answer last time. Fishy
[13:59] {Threei} really?
[13:59] {curtisweese} fishy? is that the symbol? buy! buy!
[14:00] {Threei} jeez... chaeron, we need to come up with more original things
[14:00] {Chaeron} sorry... what did you say Threei? I was getting the 6 pretty girls to wax my yacht correctly.....
[14:01] {Chaeron} and that's just the helicopter pad on the stern
[14:02] {Threei} never mind, just wanted you to tell them to be careful with my helicopter, last time around they scratched it
[14:02] {dino} ctrp drop
[14:02] {Chaeron} :)
[14:03] {Threei} AMZN, want bounce into .50 to short into
[14:11] {Threei} no luck with bounce
[14:16] {Chaeron} BIIB - FDA SPOKESPERSON SAYS TYSABRI LIVER INJURY ISSUE "ABSOLUTLY NOT NEW" - WIRE{ELN}
[14:18] {dino} cvco l .55 sm
[14:18] {dino} exac bstop to .64
[14:20] {magoo} mkt roll or run..that my friends...is THE question
[14:20] {curtisweese} cinnamin or butter?
[14:20] {dino} run then 3:05 roll
[14:23] {dino} or not
[14:23] {dino} exac stopped .57 ave, +.24
[14:24] {dino} oil down stocks down
[14:24] {Threei} how wierd is it
[14:25] {dino} it is how it goes for about a year now
[14:25] {dino} you'd think otherwise
[14:27] {dino} i guess when oil goes back to 40, the market gets cut by 60%
[14:29] {magoo} its about time in day where i say."come on vad,,find a winner" and vad replies "don't do it magoo..don't push.let trade come to u"
[14:30] {lumdus} in rimm 109.95 stop 109.60
[14:30] {Threei} I just don't feel it today magsa
[14:31] {magoo} its a tough day
[14:32] {dino} cvco stop to .05\
[14:32] {lumdus} stop on rimm 109.75
[14:33] {dino} take it to .15
[14:34] {dino} slippage to .94, +.39, sheesh
[14:35] {magoo} nice one lum
[14:35] {magoo} i almost went
[14:36] {lumdus} stop on rimm 109.99 o
[14:36] {dino} cedc
[14:36] {lumdus} trail stop .10
[14:37] {lumdus} rimm below .40 i am out
[14:38] {lumdus} it's having some trouble moving ahead now.
[14:38] {dino} ?
[14:38] {dino} oh
[14:38] {lumdus} talking to me dino ?
[14:38] {lumdus} out rimm 110.41 + .46
[14:38] {dino} yeah, read it wrong, thought you said "i'm" not it
[14:39] {dino} spwr fast drop
[14:41] {lumdus} magoo you still in rimm ?
[14:42] {magoo} i didn't take it with u...almost
[14:43] {lumdus} oh , crap. hope somebody followed me at least
[14:44] {magoo} u been doing well LUM..i been noticing
[14:44] {lumdus} this week yes, last week no.
[14:45] {lumdus} however, Monday covered my bad for last week
[14:45] {lumdus} and today is my profit for the week.
[14:45] {Chaeron} you're here for profit?????
[14:46] {lumdus} chaeron. of course, why else i work, so i can have money to play tommorrow
[14:54] {dino} axys fast fall
[14:55] {lumdus} rimm making me cry - alot
[14:56] {magoo} if IF this mkt were to roll over hard, 100 shares short bidu would be a 5 pointer...RISKY and requires mkt...may go up if mkt goes up
[14:56] {Threei} the problem is, there is no way to twell the odds here
[14:57] {Threei} it feels like down rather than up[
[14:57] {magoo} well, if starts to fall..we will tell
[14:57] {Threei} but if I had to assign numbers to it, I wouldn't out it even as 51/49
[14:58] {Threei} rather like 50.0001 to 49.9999
[14:58] {curtisweese} up we go~
[14:59] {curtisweese} luckily i didn't sort 10000000 shares there....whew!
[14:59] {curtisweese} i mean short
[14:59] {curtisweese} sigh
[15:02] {magoo} i forgot to mention.if IF mkt goes up 100 shares long he he
[15:02] {curtisweese} hhahaha...IF i would have bought 10000 shares long...your short would have worked
[15:02] {Threei} someone has all bases covered eh? :)
[15:03] {curtisweese} instead i bought 2,400 shares of MSFT at 28.27
[15:05] {curtisweese} it is gonna break 28.32 and then make me smile
[15:05] {dptl} got to go ..have a good evening all
[15:05] {curtisweese} bye dptl
[15:06] {curtisweese} sorry out on SIRI at 2.98 +$.04
[15:06] {lumdus} amzn looks week .. short it :)
[15:06] {lumdus} i tried at .65 and missed it . - crap
[15:07] {curtisweese} here goes MSFT....come on buddy!! i loooove youuuuuu
[15:07] {curtisweese} does violence only work on mkt? :(
[15:09] {Threei} curtis... kind word and gun get you better results than kind word alone
[15:09] {curtisweese} that is what i've found with my girlfriends....oh! never mind
[15:11] {curtisweese} nice talking head is pumping MSFT right after i buy it.....come on talking head power
[15:11] {lumdus} l kbh 27.26 stop 27.09
[15:12] {curtisweese} this guy loves msft....hahaha
[15:12] {curtisweese} {{I DO live in Seattle and I did grow up 1 mile from Bill Gates...he should give me money
[15:14] {Threei} trying RIMM long on this pullback
[15:15] {Threei} stop .85
[15:15] {curtisweese} come on Market!!! i'm gonna beat you if you don't run
[15:16] {magoo} entry u get?
[15:16] {Threei} .06
[15:16] {magoo} .07
[15:16] {curtisweese} heheh
[15:17] {Threei} half out
[15:17] {Threei} .30
[15:17] {magoo} out .35 full
[15:17] {curtisweese} nice!!!
[15:17] {magoo} EASY BUTTON worthy vad
[15:18] {magoo} TY
[15:18] {Threei} you are welcome
[15:18] {magoo} U DA MAN
[15:18] {magoo} and da women he he as i run for trout cover
[15:18] {Threei} after being crybaby for almost whole day
[15:19] {Threei} except for XLNX and GDX
[15:19] {curtisweese} waaaaaaa! my portfolio hurts
[15:19] {lumdus} kbh stop 27.17
[15:20] {lumdus} kbh , ready to take the high and more .. run now run !
[15:20] {Threei} out in full.63
[15:20] {curtisweese} great job
[15:20] {Threei} +.57
[15:20] {Threei} whew
[15:20] {curtisweese} you still got it!
[15:20] {lumdus} nice vad
[15:20] {Threei} even blind squirell...
[15:21] {dino} out ctrp .47, +.57 too fast to post
[15:21] {lumdus} kbh stop 27.23
[15:22] {dino} axys l .73
[15:23] {magoo} real nice exit vad
[15:24] {lumdus} sto on kbh 27.27
[15:26] {lumdus} out kbh flaat
[15:26] {lumdus} damm, should me out nicely
[15:26] {curtisweese} just barely got ya
[15:27] {dino} axys stop to b/e
[15:27] {lumdus} curtis by .01 it nailed me now watch it run like a chicken
[15:28] {curtisweese} here goes MSFT with the market pop finally
[15:28] {curtisweese} you are right, Lum, like market was watching you
[15:29] {magoo} RIMM 112...sigh
[15:29] {magoo} someday i gonna make food hat all the children will eat :) {chef boyardee}
[15:30] {lumdus} long scso 25.14
[15:30] {lumdus} csco 25.14 long
[15:30] {dino} stopped axys slippage -.25, oh mann, thats 3x'sv today
[15:31] {lumdus} l csco 25.14 stop 24.97 ( need to protect my profits from today - no chances here.)
[15:33] {curtisweese} i will be on a plane to Cabo tomorrow :) I will miss trading, but the corona and sun will easee my pain
[15:34] {Threei} poor you
[15:34] {magoo} that does it...............
[15:34] * magoo slaps curtisweese around a bit with a large trout
[15:37] {curtisweese} here comes the rally.....come on
[15:38] {dino} really curtis, i will be in mexico sunday for a week
[15:38] {dino} royal inn playa de carmen, gulf side
[15:39] {cosmo} which gulf?
[15:39] {curtisweese} it is awesome in playa del carmen...right by cozumel there
[15:39] {curtisweese} i'm going to be on the other side in cabo san lucas
[15:39] {dino} stopped in cozumel once on a cruis, carlos and charlies
[15:39] {curtisweese} you will love playa ....it is just great!
[15:39] {dino} good to hear, have fun
[15:40] {dino} sm s cedc .88
[15:41] {curtisweese} dino you taking all money out of the market while gone? i figured i'd pick a safe stock and leave it there, so not to miss any huge market rallies
[15:41] {Threei} hmmm
[15:42] {Threei} what's safe
[15:42] {cosmo} COGT?
[15:42] {curtisweese} that's the trouble part....figured msft or something like that
[15:42] {dino} trading acct will be cash
[15:42] {dino} cedc stopped
[15:42] {Threei} and if it can go up with huge rally, can't it go down with huge drop?
[15:42] {curtisweese} true
[15:43] {curtisweese} but stop loss gets rid of that
[15:43] {curtisweese} or minimizes it
[15:43] {dino} unless afterhours gap curtis, i've lived that pain
[15:43] {curtisweese} omg...that would suck
[15:43] {magoo} vad, is trading room gonna be up and running next week with dino and curtis off??
[15:43] {curtisweese} hahahaha
[15:44] {dino} yes magoo, just no capitulation or euphoria plays
[15:44] {Threei} nope
[15:44] {Threei} in fact, any of you takes day off, I use it as an excuse to close the doors for the day
[15:44] {dino} oh magoo,. room is in mexico next week, forgot to tell you
[15:44] {Threei} awwww dino
[15:45] {Threei} now he will come too
[15:45] {dino} lol
[15:45] {magoo} THAT DOES IT......................
[15:45] {Threei} uh oh
[15:45] {dino} i told him 16 were going
[15:45] * magoo slaps dino around a bit with a large trout
[15:45] * magoo slaps Threei around a bit with a large trout
[15:45] {magoo} ROFLOL
[15:45] {Threei} see? and you want him on the beach in Mexico? swinging stinkin fish?
[15:46] {dino} we'll send him a postcard, me curtis, vad on beach
[15:46] {curtisweese} i need to go buy some speedos.....hahah
[15:46] {Threei} curtis in speedos? I want different beach
[15:46] {magoo} dino wears those..not a pretty site
[15:47] {dino} not
[15:47] {dino} board shorts
[15:47] {curtisweese} what are we shorting?
[15:47] {dino} the indexes next week
[15:48] {dino} buy stock in cabo and corona
[15:49] {curtisweese} but not penecillan i hope
[15:49] {curtisweese} rally into close.....nice
[15:49] {dino} no, the wife will be w/me
[15:53] {dino} ouch enoc
[15:54] {Threei} too bad time is running olut... COIN break of .90 would be nice trade
[15:54] {Threei} OK guys, thank you all, have a good evening
[15:54] {magoo} ty boss, we trading tomorrow?
[15:55] {Threei} sorry about empty part of the day, it got nicely framed by two wins though
[15:55] {Threei} why not?
[15:55] {Threei} what's special about tomorrow?
[15:55] {magoo} dino says its office cinco de mayo
[15:55] {dino} on monday magoo
[15:56] {Threei} see you all tomorrow
[15:56] {curtisweese} bye :)
[15:56] {magoo} have nice vaca curtis
[15:56] {dino} take care all
[15:57] {curtisweese} thx....may your big trades be fruitful
[15:59] {dino} have fun curtis
[15:59] {curtisweese} see you all next week!
Wednesday, February 27, 2008
Monday, February 25, 2008
Feb 25 2008
Session Time: Mon Feb 25 00:00:00 2008
[08:36] {magoo} morning
[08:37] {Threei} Good morning RT
[08:37] {Threei} or whatever part of it managed to wake up
[08:38] {magoo} vd : )
[08:38] {magoo} so friday was bullmkt {at least in eod}
[08:38] {magoo} bear today boss?
[08:38] {Threei} you know what caused Fri explosion right?
[08:40] {magoo} do not remember
[08:41] {Threei} one person, coming on TV and speculating about bond insurers bailout
[08:41] {Threei} and that was what sent markets flying
[08:41] {Threei} believe it or not
[08:41] {Threei} sooo... today someone comes on TV and says no way - imagine what happens hnext
[08:41] {Threei} or rumor comes true
[08:42] {Threei} or some third turn of events comes along
[08:42] {Threei} thus... I am putting my crystal ball back in the sandal box, and just going with immediate developments
[08:44] {cosmo} MRVL (Barrons likes it) pre mkt high = 11.60 so far
[08:45] {magoo} gotcha..this mkt has no committment to either direction
[08:45] {magoo} unless its one committment is to reverse
[08:45] {Threei} and it's bound to change any minute
[08:45] {magoo} seems its been reversing everyday
[08:46] {Threei} I can't imagine what investors are going through when even we daytraders get overwhelmed sometimes by how quickly things change these days
[08:48] {cosmo} its the climate i think
[08:49] {Threei} and its change?
[08:49] {Threei} TASR
[08:49] {Threei} RECEIVES TWO SIGNIFICANT LAW ENFORCEMENT ORDERS
- The first order received was from the San Diego County Sheriff's Department in San Diego, CA, for 291 TASER X26 Electronic Control Devices (ECDs).
[08:49] {Threei} - The second order received was from the Sacramento County Sheriff's Department in Sacramento, CA, for 180 TASER X26 ECDs and related accessories.
[08:49] {Threei} FORMER FED CHAIRMAN GREENSPAN: RECESSION WILL NOT BE SIGNIFICANTLY LONGER THAN THE LAST
- Would not be surprised if this recession is deeper
[08:49] {Threei} - Finance problems marginally affected the economy
[08:49] {Threei} - House prices to continue to fall
[08:50] {Threei} US WEIGHS SANCTIONS ON IRAN'S CENTRAL BANK - WSJ- The Treasury Department is gathering evidence it says shows that the central bank of Iran is helping other Iranian institutions elude US economic sanctions, in what could be a prelude to penalties against the central bank.
[08:54] {cosmo} HOKU gets $25M private placement ...fwiw
[08:55] {cosmo} pre mkt high = 10
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[09:03] {esemde} morning rt's
[09:04] {Threei} ese :)
[09:08] {esemde} Genentech DNA....another cancer cure...breast cancer
[09:09] {Threei} news on Fri after close
[09:09] {cosmo} mrvl 11.50 may test
[09:09] {Threei} two upgrades this morning
[09:11] {cosmo} MRVL needs to hold 11.35 imho
[09:11] {dino} gtxi
[09:13] {dino} ggg nyt to sell
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {tomg} gm all
[09:19] {Threei} tom, welcome back
[09:19] {tomg} ty vad
[09:21] {magoo} morn tomg
[09:21] {tomg} hi magoo
[09:26] {lumdus} good morning all. Hoping for an easy profitable week.
[09:26] {Threei} lum :)
[09:27] {Threei} here is to easy money
[09:29] {esemde} GTXI prostrate cancer drug
[09:29] {esemde} hmmmmm
[09:32] {_leo1} HI
[09:32] {Threei} leo :)
[09:32] {magoo} morn leo:)
[09:32] {_leo1} hi
[09:36] {Threei} IDMI .51 long
[09:36] {Threei} stop under .40
[09:39] {Threei} NTAP 22.50 long for a scalp if stays above .35
[09:40] {magoo} big naz fall
[09:41] {Threei} NVDA .83 short if stays under 22
[09:43] {magoo} in nvda
[09:43] {Threei} .95 stop for hard core scalpers
[09:43] {Threei} 22.01 otherwise
[09:44] {lumdus} teva look also good
[09:46] {magoo} naz killed it
[09:47] {esemde} bstop NTAP 22.50 1/2 lot
[09:47] {esemde} has to stay above .28
[09:47] {Threei} FED'S KROSZNER: DOES NOT ADDRESS MONETARY POLICY, US ECONOMIC OUTLOOK
[09:48] {Threei} why is he speaking at all then?
[09:48] {lumdus} in teva 49.19
[09:48] {Threei} NVDA stopped
[09:48] {lumdus} long teva 49.19 stop 49.09
[09:48] {esemde} these guys are the goofiest fed ......everybody speaking out of turn...off-handed comments....
[09:51] {lumdus} stop on teva 49.14 (crazy market so far)
[09:51] {bruce} ntap still valid?
[09:51] {magoo} NTAP valid?
[09:51] {bruce} dropped to .30
[09:51] {bruce} youmy echo mags?
[09:51] {Threei} if you don't mind stop under .30, yes
[09:52] {magoo} only mind if it hits it vad
[09:52] {bruce} I echo mags
[09:52] {Threei} volatile one: DPTR
[09:52] {Threei} small shares long .20-.25
[09:52] {Threei} support is 22.90
[09:52] {magoo} DPTR trade like IDMI vad?
[09:53] {magoo} running
[09:56] {Threei} market is kind of waiting for something
[09:57] {cosmo} obl?
[09:57] {cosmo} ...nah
[10:00] {Threei} *JAN EXISTING HOME SALES: 4.89M V 4.80ME
[10:00] {bruce} lcav spike dino
[10:01] {dino} too fast
[10:01] {esemde} L ong .51NTAP
[10:02] {bruce} vrtx - any read vad?
[10:02] {magoo} IDMI gonna fall with mkt vad?
[10:02] {Threei} worth try long bruce if stays above .20
[10:02] {Chaeron} gm all :)
[10:03] {Threei} chaeron :)
[10:03] {Threei} IDMI trades in its own world mags
[10:03] {Threei} and it's a wierd world
[10:03] {lumdus} teva running nicely
[10:04] {Threei} i am keeping NTAP stop at .39
[10:05] {cosmo} mrvl
[10:05] {cosmo} 11.6
[10:07] {dino} sm spwr l .80
[10:07] {Threei} stay patient guys, market is slow to wake up
[10:08] {Threei} (can't blame it, really)
[10:08] {Threei} but something is brewing
[10:08] {lumdus} you wish you could sleep late .. huh
[10:08] {Threei} always
[10:09] {Threei} I don't know what, but this feels like calm before the storm
[10:10] {dino} out spwr 69.86 +1.06
[10:10] {Threei} INSU
[10:11] {Threei} 15 break long half lot
[10:11] {Threei} stop under 14.80
[10:11] {esemde} have been getting that market feeling since about last wed or thurs Vad...
[10:11] {esemde} question is....is it storm up or storm down
[10:11] {magoo} no way to catch 15
[10:11] {Threei} that's a good question
[10:12] {dino} same feeling 3i, somethings' about to give big time
[10:12] {Threei} so let's make bets?
[10:12] {Threei} up or down?
[10:12] {patience} big time down
[10:12] {lumdus} vad, when you get a chance. Can you look at my teva trade. Did i screw up ?
[10:12] {esemde} i feel for some reason it's going to head up.....it just has not been selling down hard like it did in mid january
[10:13] {dino} i'm going contrary, everybody wants down, so i'll take up
[10:13] {esemde} i'm with you dino
[10:14] {Threei} lum, I see your entry
[10:14] {dino} great monds think alike, :)
[10:14] {Threei} what happened next?
[10:14] {dino} minds
[10:14] {magoo} well, i thought up
[10:14] {magoo} so everybody is thinking up
[10:14] {lumdus} i put a stop on 49.17 and triggered vad
[10:14] {Threei} way too tight, IMO
[10:15] {Threei} my trailing would be:
[10:15] {lumdus} ......
[10:15] {lumdus} 49.07 ?
[10:15] {Threei} .09 after it broke .20,
[10:15] {Threei} .15 after it broke .30
[10:15] {lumdus} ok. in short i screwed up. thank you.
[10:15] {lumdus} at now would be .26
[10:16] {Threei} right
[10:16] {Threei} remember our Fri discussion on trailing stops?
[10:16] {Threei} this is good illustration, trail them as chart dictates
[10:16] {Threei} meaning:
[10:16] {Threei} stock formed new range as it moves in your favor,
[10:16] {Threei} broke resistance of that range,
[10:16] {lumdus} vad, this wasn't trailing stop. this was a manual hard stop i put in.
[10:17] {Threei} now you can move stop under support of that reange
[10:17] {Threei} I under stand, but yoyu trailed it the same way
[10:17] {Threei} by arbitrary amount of cents, not by chart logic
[10:18] {lumdus} right .. but don't blame this on the trailing stop. this was a mental crack.
[10:18] {dptl} out ntap+.20 ty
[10:18] {Threei} welcome dp
[10:18] {esemde} out NTAP .72
[10:18] {Threei} yes lum, I realize that
[10:18] {esemde} be back in a while ...have to take vehicle to garage
[10:18] {esemde} seee ya in a bit
[10:18] {Threei} take care ese
[10:19] {Threei} one concern here lum:
[10:19] {Threei} was it accidental mental crack,
[10:19] {Threei} or was it approach that those autotrailing stops instill in your thinking?
[10:19] {Threei} give it a thought when you have time :)
[10:20] {Threei} and keep in mind, thinking causes headache...
[10:20] {Threei} in me at least
[10:20] {Threei} NTAP hit 1:1 nicely guys
[10:20] {Threei} hard to tell whether it has potential for more
[10:21] {Threei} even if you believe so, play it safe and take half
[10:21] {magoo} waiting .77
[10:21] {magoo} may be high
[10:21] {Threei} closest support right now is .64
[10:22] {curtisweese} NVDA buy at 22.38 or so?
[10:22] {Threei} if it can't take .73 and loses .64, holding full position would be questionable trade management
[10:22] {bruce} rimm looks headed for a break
[10:22] {bruce} of previous days high
[10:23] {Threei} curtis, tough read... not sure
[10:24] {curtisweese} heheh...dropping now.....not gonna get there anyway
[10:24] {magoo} still just scalpers mkt
[10:25] {Threei} look at volume last 20-30 minutes
[10:25] {Threei} all but disappeared
[10:27] {curtisweese} In on NVDA at 22.38
[10:28] {magoo} would u remind me that i hate IDMI next time u put it up
[10:28] {Threei} certainly
[10:28] {Threei} if I ever get to call it, it's going to be in the following format:
[10:28] {Threei} IDMI blah blah blah, magoo stay away
[10:29] {Threei} don't torture yourself, you are 3 cents down here, take your lumps and go if it takes too much of your attention
[10:29] {curtisweese} out NVDA +$.10
[10:30] {magoo} OUT .77
[10:30] {Threei} wtg
[10:30] {magoo} TY
[10:30] {magoo} more my type
[10:30] {Threei} I manage this trade differently but hey
[10:30] {Threei} there is more than 1 way to skin a stock
[10:30] {lumdus} in bby 44.73
[10:31] {Threei} my approach is, half out at 1:1, that was .72 for me,
[10:31] {Threei} stop to b/e,
[10:31] {Threei} now that it made new high, stop to .55
[10:32] {Threei} which is just below the support it formed by last pullback
[10:32] {Threei} will report what I do as (and if) it moves if you are interested
[10:39] {magoo} isn't there a new independent NTAPO trade setting up here? looks like 23 magnate
[10:39] {Threei} stop to .59
[10:40] {Threei} sure... just risk is higher
[10:41] {Threei} next spike will take NTAP into 1:2 where I intend to dump 1/4 more
[10:41] {curtisweese} looking at NVDA again if breaks 22.50 ....so .52 or so for me
[10:41] {Threei} and trail stop to .65
[10:44] {dino} fre s .70, stop hod
[10:45] {lumdus} vad, bby 45.59 stop ok ?
[10:45] {Threei} yes sir
[10:45] {lumdus} ok. thanks. i hate watching teva just go without me. kill me
[10:46] {Threei} out 1/4 more NTAP
[10:46] {magoo} see what i meant by magnate?
[10:46] {Threei} .95
[10:46] {Threei} by magnet I guess? :) yes
[10:46] {magoo} lol
[10:47] {Threei} stop to .73
[10:47] {Threei} move is quite significant, time to start tightenting it
[10:48] {bruce} zinc vad - any reade?
[10:48] {Threei} .79 is reasonable stop too here
[10:49] {curtisweese} in on NVDA at 22.51
[10:49] {Threei} a bit too thin bruce
[10:49] {bruce} k vad
[10:49] {Threei} rug pull on this one would cost a lot of slippage
[10:50] {dino} fre stopp .00, -.30
[10:50] {Threei} market looks like preparing to explode to the upside once again, so I am tightening NTAP to .79
[10:50] {Threei} logic is,
[10:50] {magoo} i like NTAP for a short scalp soon
[10:51] {Threei} if market does move up sharply, NTASP better go with it or I don't want to be in anymore,
[10:51] {Threei} and if market fails, NTAP is not likely to hold up there, moved a lot as it is
[10:52] {magoo} also, if mkt starts to fail, RIMM and NVDA short potential
[10:53] {dino} aapl sm l .90
[10:57] {lumdus} stop on bby 44.85
[10:57] {Threei} good trail lum
[10:58] {Threei} NTAP almost 1:3
[10:58] {Threei} out last portion
[10:58] {lumdus} tx vad
[10:58] {Threei} at .09
[10:58] {Threei} happy with the trade, +.21, +.44 and + .58
[10:59] {Threei} unless my math is wrong
[11:00] {lumdus} selling bby 45.08
[11:00] {lumdus} bby + .35
[11:00] {Threei} good trade lum, wtg
[11:00] {lumdus} tx
[11:01] {Threei} managed it just right
[11:01] {tomg} ty ntap vad, out 23.07
[11:01] {Threei} lol... tom comes back with thunder
[11:01] {tomg} :)
[11:01] {Threei} you know it's very rude of you to make such prfoit on your first day after long vacation?
[11:02] {magoo} vad, whats the symbol for NDX?
[11:02] {Threei} and you know what magoo does to people who act like this?
[11:02] {tomg} uh, oh...
[11:02] {Threei} $NDX mags
[11:03] {magoo} ty
[11:04] {dino} aapl stopped -.35
[11:07] {magoo} RIMM Short setup vad?
[11:08] {Threei} hmm
[11:09] {Threei} rather bounce if market doesn't dive
[11:09] {dino} teso s .05 stop .36
[11:10] {Threei} first strength from here, RIMM
[11:11] {Threei} in
[11:11] {Threei} stop .29
[11:12] {Threei} market is still unclear but risk is small
[11:12] {Threei} stopped
[11:12] {bruce} stopped rimm
[11:13] {magoo} i was thinking short way back on loss of 110
[11:13] {Threei} sideline for now, gotta let NQ decide on direction
[11:14] {Threei} 110 was behind at the time of the question...
[11:14] {magoo} was still thinking it
[11:14] {magoo} lol
[11:14] {Threei} just shows you how tough it is to comment in time on fast movers
[11:14] {magoo} true that
[11:15] {magoo} long RIMM now
[11:15] {magoo} in .37
[11:18] {Threei} wow TTWO
[11:18] {Threei} I don't see fresh news
[11:18] {magoo} on CNBC'
[11:18] {Threei} ah
[11:18] {dino} takeover offer at 25
[11:18] {bruce} erts offered to buy it out
[11:18] {Threei} 26 I think
[11:19] {magoo} stopped RIMM
[11:19] {esemde} I'm back.......TTWO I'll say......what was the news
[11:19] {dino} massive short squeeze, something like 40%
[11:19] {Threei} 02/24/08 03:26pm [TTWO] ERTS reveals a hostile $26.00/shr cash offer for TTWO in a $2B deal; TTWO has rejected the offer until at least the 4/30
[11:29] {bruce} out sigm +.41
[11:29] {Threei} wtg
[11:30] {dptl} glbl?
[11:30] {lumdus} nice bruce
[11:30] {bruce} thanx lum
[11:30] {bruce} lucky
[11:30] {bruce} thanx vad
[11:31] {Threei} GLBL chart is right... I am just hesitant about taking position here, market is very indecisive
[11:31] {dptl} ok
[11:35] {dino} teso stopped -.30
[11:40] {Threei} AAPL short with stop above .30
[11:40] {Threei} hard to nail exact entry
[11:41] {Threei} kind of "see if you can read it"
[11:41] {Threei} down quickly... don't chase that far
[11:41] {Threei} see if can get a bounce or new consolidation
[11:45] {bruce} stopped aapl
[11:50] {Threei} NTAP exit was just right so far
[11:50] {Threei} 4 cents under day high
[11:50] {Threei} keeping an eye on it still, maybe forms something
[11:51] {Threei} short off 23 resistance is one idea
[11:57] {Threei} ANY ABK DEAL WOULD LIKELY BE EARLY NEXT WEEK
[11:57] {Threei} reminder, ABK rumor was what started huge rally on Fri
[11:59] {magoo} are u short aapl?
[11:59] {Threei} I am flat
[11:59] {bruce} watching trma for weakness dino
[12:00] {Chaeron} I'm bald and fat
[12:05] {bruce} not me chaeron
[12:05] {bruce} just old and ugly
[12:06] {magoo} drunk and stupid here
[12:06] {Threei} aren't we attractive bunch
[12:06] {bruce} any read zolt vad?
[12:06] {Threei} ugh
[12:07] {Threei} twice I looked at it, twice kept myself from it, and twice was wrong
[12:07] {Threei} at 24, then at 24.5
[12:07] {Threei} I would really prefer a pullback on it rather than break
[12:08] {bruce} k
[12:14] {Threei} and what do you know... third break and no sign of pullback
[12:16] {Threei} now there is some
[12:16] {Threei} 25 is nearest support
[12:16] {Threei} if losing it, .75 next
[12:16] {bruce} I'm thinking possible short vad
[12:17] {Threei} considering weakening market, valid
[12:18] {Threei} it's just that again, I wouldn't want to chase it down
[12:18] {Threei} this drop we are seeing came with no indication of entry
[12:18] {bruce} agreed - wold like it to form second lower top
[12:18] {Threei} yes, or consolidation and breakdown
[12:29] {bruce} erts long on .30 break vad?
[12:30] {Threei} with .15 stop
[12:30] {Threei} most likely scalp only
[12:31] {Threei} it has downtrending look still, need more confirmation of reversal
[12:31] {Threei} .16 is actually still short trigger if stayys under .30
[12:35] {dino} grmn l sm .20
[12:37] * Threei slaps Laserdave1 around a bit with a large trout
[12:37] * Chaeron slaps Laserdave1 around a bit with a large trout
[12:37] * magoo slaps Laserdave1 around a bit with a large trout
[12:37] {Threei} we are obviously very welcoming bunch too
[12:38] {Laserdave1} nice to see you guys as well
[12:38] {Laserdave1} hope weekend was good
[12:39] {Threei} ZOLT forms that double top bruce
[12:39] {Threei} 25 breakdown becomes short trigger if stays under first high
[12:40] {bruce} yep - just noticed that vad
[12:40] {Threei} actual stop will be defined by the high if this bounce
[12:40] {Threei} so far it's .25
[12:41] {bruce} prefer to see .22 hold for this top
[12:41] {bruce} got you - already hit .25
[12:45] {Threei} I don't like how ERTS sits here
[12:45] {Threei} if this NQ upward spike doesn't move it soon, it's still a short
[12:46] {bruce} s zolt .14 - stop .30
[12:47] {Threei} market spikes
[12:47] {Threei} if ZOLT can't use this spike, will be a good short
[12:51] {bruce} yes - enterd too early
[12:51] {Threei} not necessary
[12:51] {Threei} a bit aggressive but who said it's bad thing
[12:52] {bruce} market spiked right after entry
[12:52] {dino} spwr l sm .20
[12:52] {magoo} any rerad RIMM vad?like it long
[12:53] {Threei} sorry mags, no read
[12:53] {magoo} aapl?
[12:53] {Threei} 108 break was more or less decent trigger on RIMM
[12:53] {Threei} here, no
[12:53] {Threei} AAPL chart is even less readable
[12:54] {Chaeron} so nap time?
[12:54] {Threei} ERTS is trying
[12:55] {Threei} 1:1's reached
[12:58] {Threei} moves a bit higher but I preferto take scalp
[13:02] {bruce} stopped zolt -.16
[13:05] {bruce} vad - rimm as possible long near here?
[13:06] {Threei} with stop under .50
[13:06] {Threei} it's very much NQ-dependent
[13:06] {Threei} market will make or break this trade
[13:06] {esemde} Vad ddc please
[13:07] {bruce} missed it - was thinking .80break and notgoing to chase
[13:08] {magoo} l rimm .86
[13:11] {esemde} I'm otta here everyone....have a great rest of the day
[13:11] {magoo} bye ES
[13:11] {esemde} see ya magoo
[13:12] {Threei} take care ese
[13:12] {bruce} l rimm .75
[13:15] {Threei} market is swamp right now
[13:17] {bruce} stopped rimm -.26
[13:17] {magoo} stopped rimm{again}
[13:18] {Threei} don't push it guys... sideline time
[13:18] {Threei} 5 points range
[13:21] {Threei} if a 50/50 trade with 6 cents stop is to your liking, short NVDA with .21 stop
[13:22] {Threei} downticked fast from .15 which I had in mind
[13:29] {bruce} rimm bounce at 108 vad?
[13:30] {Threei} can't tell bruce... market breaks down more so does RIMM
[13:30] {bruce} k
[13:31] {Threei} NVDA worked for a little scalp
[13:35] {Threei} pains me to say but... GRMN is short if losing .60
[13:35] {Threei} half lot .58 trigger
[13:36] {dino} grmn stopped
[13:36] {Threei} stop .75
[13:38] {magoo} target GRMN?
[13:39] {Threei} stop to .71, the rest is in NQ hands
[13:39] {Threei} not clear if it's breakdown for NQ or bounce off double bottom
[13:39] {Threei} feels like breakdown is more likely
[13:41] {Threei} NQ says yeah right
[13:43] {Threei} 1:1
[13:44] {Threei} I am out, can't get a read
[13:45] {Threei} RIMM bounce is not very impressive
[13:45] {Threei} looking to short .50 if market reverses down
[13:46] {magoo} grmn not with naz vad
[13:46] {magoo} weaker
[13:46] {Threei} nope, lost connection
[13:47] {Threei} RIMM is a bit too far from .50 support now for comfortable shorting on breakdown
[13:48] {Threei} if NQ drops, aggressive entry will be better idea
[13:48] {Threei} 108 is nearest resistance for stop/invalidating level
[13:48] {Threei} you still holding GRMN mags?
[13:49] {magoo} noi
[13:49] {magoo} out w/u
[13:49] {Threei} OK
[13:53] {Threei} psycho market again
[13:53] {Threei} another talking head on CNBC said something or what
[13:55] {dino} cat sm l .15
[13:55] {dino} oih rocking, brings market up
[13:56] {Threei} where are good old times of common sense when oil oing higher meant market going lower asnd visa versa
[13:56] {dino} long gone
[13:56] {Threei} sigh
[13:57] {bruce} tough trading for me lately - lots of stops
[13:57] {bruce} taking doggy walk break
[13:58] {dino} same here bruce
[13:58] {lumdus} in wye 42.20
[13:59] {Threei} NVDA long for a scalp here
[13:59] {Threei} with stop under 22
[14:01] {lumdus} bruce, better days ahead ..
[14:08] {Threei} NQ spike would be what is least expected here
[14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:08] {Threei} let's see if it does just that
[14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:09] {Threei} almost 3 points in single breath
[14:11] {Threei} how about that?
[14:11] {lumdus} out wye -.13
[14:11] {magoo} nbvda hasn't bujged
[14:12] {Threei} it will
[14:12] {Threei} unless it won't
[14:12] {lumdus} rimm about to fall
[14:13] * Threei kicks NQ in the rear with heavy duty army boots, steeltoes, reinforced et all
[14:14] {Threei} violence works
[14:14] {magoo} nicer kick
[14:14] {Threei} look at that
[14:15] {Threei} [14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:15] {Threei} exactly what I did, and look how flawlessly it worked
[14:17] {lumdus} yup, that's the way it works these day.
[14:17] {lumdus} i think we break .20 and move 1 big huge spike
[14:23] {Threei} NVDA stop to .04
[14:23] {magoo} target NVDA exit?
[14:23] {Threei} won't me to sounds honest or analyutical?
[14:23] {Threei} won't = want
[14:24] {magoo} not looking to good
[14:24] {Threei} honest version: I've no idea
[14:24] {Threei} you see how this market is
[14:25] {Threei} any questions?
[14:25] {Threei} craziness multuplied by craziness
[14:25] {magoo} compounded by insanity
[14:25] {Threei} S&P AAA FINANICAL STRENGHT RATING TAKEN OFF WATCH; AFFIRMS ABK RATING
[14:26] {Threei} I am out
[14:26] {Chaeron} nice
[14:26] {Threei} .28
[14:26] {Chaeron} what timeing :)
[14:26] {Chaeron} timing too
[14:26] {magoo} out here .34 TY boss
[14:27] {Threei} "If I were market, what should I do to hurt as many players as possible"
[14:27] {Threei} welcome guys
[14:27] {dino} out cat .60, +.45
[14:28] {lumdus} out .33 tx boss
[14:29] {magoo} isn't scenerio too much like friday?
[14:29] {Threei} yes mags, with one difference
[14:29] {lumdus} wye taking a run with everything else
[14:29] {Threei} fridfay was cnbc talking head discussing rumor
[14:30] {Threei} this news is actual news, FWIW
[14:30] {Threei} [14:08] {Threei} NQ spike would be what is least expected here
[14:30] {Threei} [14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:30] {Threei} [14:08] {Threei} let's see if it does just that
[14:30] {Threei} can I go home?
[14:30] {Chaeron} you are home
[14:31] {lumdus} no, you get punhished badly. we should have stayed in for another .50 at least.
[14:31] {Threei} look at MBI and ABK
[14:31] {Chaeron} sitting there in your pj's and fuzzy bearclaw slippers
[14:31] {Threei} where is that camera chaeron secretly installed in my office...
[14:34] {lumdus} wow - what a trun that was for nvda. hmm, mabye no punishmed for vead
[14:36] {dino} sell the rips, s sm petd .47
[14:36] {lumdus} in twm 80.65
[14:36] {Threei} I can't overstress my distrust for this market enough lum...
[14:36] {Threei} I got 1:2 on a stock that sat and tortured me for 10 min, I won't take any chances
[14:36] {lumdus} out .95
[14:36] {Threei} expecially when it happens on such sharp spike
[14:36] {lumdus} +.30
[14:36] {Threei} gj
[14:37] {lumdus} tough to get thos. that's what i like quick and easy
[14:39] {lumdus} rimm looks like bounce comming
[14:40] {bruce} back
[14:40] {Threei} oh boy
[14:40] {Threei} bruce... your timing... :(
[14:40] {bruce} ezpect you folks probalby just had about 8 winning trades in row
[14:41] {Threei} one but sheesh... you left 1 minute before it was called and returned just when it was over
[14:41] {bruce} sheesh
[14:41] {bruce} no surprise though
[14:41] {Threei} this is freaky
[14:41] {Threei} scroll up...
[14:43] {dino} cov petd .07 +.40
[14:43] {bruce} sigh
[14:43] {lumdus} bruce, maybe leave for another few minutes and we make some $$ then you come back :)
[14:44] {lumdus} ok, if i was a jerk, i would buy rimm now... so -
[14:45] {dino} what a whip
[14:45] {lumdus} long rimm 107.22
[14:45] {lumdus} stop 107.07
[14:45] {bruce} sorry lum - just not that considerate
[14:45] {lumdus} stop on rimm 107.24 b/e
[14:46] {lumdus} vad, should i keep stop at .10 ?
[14:46] {lumdus} i guess, so ..
[14:47] {Threei} I don't have any read here lum, sorry
[14:48] {lumdus} that's why i went long. because i don't have a read ..
[14:48] {Threei} this is chart drawn by the pen tied up to the tail of drunken mule that is getting needled with sharp knife
[14:49] {lumdus} i need to step a way a second.. watch it for me.
[14:53] {Chaeron} }:
[14:53] {lumdus} ok, i am back..
[14:53] {lumdus} missed the damm spike
[14:54] {lumdus} out rimm .48 + .26
[14:55] {lumdus} days like today are my best. because i just act like a jerk
[14:57] {bruce} I'm going to resist replying to that lum
[14:58] {lumdus} i don't see any other way to play this market. so far it's worked. looking for next target
[14:58] {Threei} COIN rallied
[14:59] {dino} luck lum. use it while it lasts
[15:00] {lumdus} short sds 61.85 stop 62.03
[15:00] {dino} out spwr .80, +.60
[15:00] {lumdus} dino, exactly. while it lasts.
[15:01] {lumdus} sds die hard now. !!
[15:01] {dino} no disrespect, luck plays a part imo
[15:02] {dino} back in 10
[15:02] {lumdus} out sds .62
[15:03] {lumdus} +.23
[15:04] {bruce} zolt may be worth another try short here
[15:06] {Threei} COIN .20 is very risky long
[15:06] {lumdus} watching mdt for long
[15:10] {dino} thinking the same bruce
[15:10] {lumdus} in mdt long 49.48
[15:10] {dino} i can't get it
[15:12] {lumdus} stop on mdt 49.39
[15:12] {lumdus} dino, what can't you get ?
[15:12] {dino} fcsx
[15:13] {dino} zolt i couldn't get
[15:13] {lumdus} why can't you get it .. ?
[15:14] {dino} no shares at stsmartpro
[15:14] {magoo} u short ZOLT bruce?
[15:14] {lumdus} out mdt -.10 .. luck ran out
[15:20] {lumdus} schw about to run ?
[15:20] {lumdus} looks like some momo there. .. let me think about this
[15:21] {lumdus} in .52
[15:21] {Threei} ABK new wave of strength
[15:21] {Threei} .35 long if stays above .15
[15:21] {Threei} half lot
[15:22] {Chaeron} shucks
[15:23] {dino} fcsx s .91
[15:24] {Threei} .50 break needed to fuel another spike
[15:25] {lumdus} schw needs to beat abk .. let's go
[15:25] {Threei} 1:1
[15:27] {Threei} +.30
[15:27] {Threei} me out
[15:27] {Threei} maybe goes higher, I care not
[15:27] {Chaeron} beauty
[15:27] {magoo} me too .73 TY
[15:27] {Threei} umm... +.40
[15:27] {Threei} welcome
[15:27] {lumdus} gosh abk was 6.00 last month. how th heck did it go all the way here.
[15:28] {bruce} not in zolt mags - still aqtching it
[15:28] {Threei} hey, it was 70 just in Novemeber... you don't ask how the heck did it get to 6?? :)
[15:29] {Chaeron} naaaaa he was short
[15:29] {Threei} ahhh
[15:31] {Threei} IMF"S STRAUSS-KAHN: EXPECTS 'SLIGHT DECREASE" IN OIL PRICE, TO AVERAGE UNDER $100/BBL IN 2008, SEES DOWNSIDE RISK TO IMF'S 4.1% WORLD GROWTH FORECAST MAINLY DUE TO NEW SUBPRIME LOSSES
- Notes if there are no new subprime disclosures, may be 'good surprise' on 2008 growth
[15:31] {Threei} - Says no decoupling of emerging markets
[15:32] {Threei} FED'S MISHKIN: MODEL SHOWS BETTER TO RESPOND TO CORE INFLATION; INFLATION ABOVE RECENT YEARS WOULD BE HARMFUL- big rate hikes are not needed to halt inflation after supply shock if expectations are anchored
[15:34] {Threei} EBAY
[15:34] {Threei} UPDATE: JP MORGAN MAKES POSITIVE COMMENTS THIS AFTERNOON- says Q1 listings tracking at +11% y/y
[15:34] {Threei} 28 break maybe
[15:35] {Threei} in
[15:35] {Threei} ridiculously tight stop
[15:35] {lumdus} ebay .. that's dating yourself there.
[15:35] {Threei} .93
[15:35] {lumdus} schw working like a charpm
[15:36] {lumdus} out schw .62 + .10
[15:37] {lumdus} have a nice evenning. very good day. hopefully back on track
[15:37] {Threei} COIN
[15:37] {Threei} takle care lum, good job
[15:39] {bruce} bye lum
[15:39] {dino} gj lum
[15:40] {Threei} EBAY 1:1 for hard core scalpers
[15:41] {patience} nice call for the market today dino and ese
[15:45] {dino} mini s .84 stop .06
[15:47] {dino} too bad i didn't trade it better, the mornings are hurting me
[15:50] {bruce} the trading days are hurting me dino
[15:52] {tomg} vad, i've still got small shares INSU
[15:53] {tomg} ok to hold overnight, you think?
[15:53] {Threei} hmmm
[15:53] {Threei} no idea tom
[15:53] {Threei} overnight is overnight
[15:53] {tomg} ok, ty
[15:54] {Threei} chart looks good
[15:55] {Threei} how much you can trust charts in this supervolatile market is a whole other matter
[15:55] {Threei} although INSU doesn't seem to have much to do with market \
[15:55] {tomg} just have 100sh
[15:55] {Threei} then just hold it and see what happens
[15:56] {Threei} you are long from where?
[15:56] {dino} cov mini .54, +.30
[15:56] {tomg} 15.08
[15:56] {Threei} solid buffer
[15:57] {tomg} think I'll hold it then
[15:57] {Threei} I would
[15:57] {tomg} ok, thanks
[15:57] {Threei} big position with potential to hurt, no
[15:57] {Threei} 100 shares is sleeping level :)
[15:57] {tomg} yep :)
[15:57] {Threei} Ok guys, thank you all
[15:58] {Threei} good day actually
[15:58] {Threei} have a great evening, see you tomorrow
[15:59] {dptl} have a good evening all
[15:59] {dino} fcsx stopped .00 -.09
[16:10] {bruce} night all
[08:36] {magoo} morning
[08:37] {Threei} Good morning RT
[08:37] {Threei} or whatever part of it managed to wake up
[08:38] {magoo} vd : )
[08:38] {magoo} so friday was bullmkt {at least in eod}
[08:38] {magoo} bear today boss?
[08:38] {Threei} you know what caused Fri explosion right?
[08:40] {magoo} do not remember
[08:41] {Threei} one person, coming on TV and speculating about bond insurers bailout
[08:41] {Threei} and that was what sent markets flying
[08:41] {Threei} believe it or not
[08:41] {Threei} sooo... today someone comes on TV and says no way - imagine what happens hnext
[08:41] {Threei} or rumor comes true
[08:42] {Threei} or some third turn of events comes along
[08:42] {Threei} thus... I am putting my crystal ball back in the sandal box, and just going with immediate developments
[08:44] {cosmo} MRVL (Barrons likes it) pre mkt high = 11.60 so far
[08:45] {magoo} gotcha..this mkt has no committment to either direction
[08:45] {magoo} unless its one committment is to reverse
[08:45] {Threei} and it's bound to change any minute
[08:45] {magoo} seems its been reversing everyday
[08:46] {Threei} I can't imagine what investors are going through when even we daytraders get overwhelmed sometimes by how quickly things change these days
[08:48] {cosmo} its the climate i think
[08:49] {Threei} and its change?
[08:49] {Threei} TASR
[08:49] {Threei} RECEIVES TWO SIGNIFICANT LAW ENFORCEMENT ORDERS
- The first order received was from the San Diego County Sheriff's Department in San Diego, CA, for 291 TASER X26 Electronic Control Devices (ECDs).
[08:49] {Threei} - The second order received was from the Sacramento County Sheriff's Department in Sacramento, CA, for 180 TASER X26 ECDs and related accessories.
[08:49] {Threei} FORMER FED CHAIRMAN GREENSPAN: RECESSION WILL NOT BE SIGNIFICANTLY LONGER THAN THE LAST
- Would not be surprised if this recession is deeper
[08:49] {Threei} - Finance problems marginally affected the economy
[08:49] {Threei} - House prices to continue to fall
[08:50] {Threei} US WEIGHS SANCTIONS ON IRAN'S CENTRAL BANK - WSJ- The Treasury Department is gathering evidence it says shows that the central bank of Iran is helping other Iranian institutions elude US economic sanctions, in what could be a prelude to penalties against the central bank.
[08:54] {cosmo} HOKU gets $25M private placement ...fwiw
[08:55] {cosmo} pre mkt high = 10
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[09:03] {esemde} morning rt's
[09:04] {Threei} ese :)
[09:08] {esemde} Genentech DNA....another cancer cure...breast cancer
[09:09] {Threei} news on Fri after close
[09:09] {cosmo} mrvl 11.50 may test
[09:09] {Threei} two upgrades this morning
[09:11] {cosmo} MRVL needs to hold 11.35 imho
[09:11] {dino} gtxi
[09:13] {dino} ggg nyt to sell
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:17] {tomg} gm all
[09:19] {Threei} tom, welcome back
[09:19] {tomg} ty vad
[09:21] {magoo} morn tomg
[09:21] {tomg} hi magoo
[09:26] {lumdus} good morning all. Hoping for an easy profitable week.
[09:26] {Threei} lum :)
[09:27] {Threei} here is to easy money
[09:29] {esemde} GTXI prostrate cancer drug
[09:29] {esemde} hmmmmm
[09:32] {_leo1} HI
[09:32] {Threei} leo :)
[09:32] {magoo} morn leo:)
[09:32] {_leo1} hi
[09:36] {Threei} IDMI .51 long
[09:36] {Threei} stop under .40
[09:39] {Threei} NTAP 22.50 long for a scalp if stays above .35
[09:40] {magoo} big naz fall
[09:41] {Threei} NVDA .83 short if stays under 22
[09:43] {magoo} in nvda
[09:43] {Threei} .95 stop for hard core scalpers
[09:43] {Threei} 22.01 otherwise
[09:44] {lumdus} teva look also good
[09:46] {magoo} naz killed it
[09:47] {esemde} bstop NTAP 22.50 1/2 lot
[09:47] {esemde} has to stay above .28
[09:47] {Threei} FED'S KROSZNER: DOES NOT ADDRESS MONETARY POLICY, US ECONOMIC OUTLOOK
[09:48] {Threei} why is he speaking at all then?
[09:48] {lumdus} in teva 49.19
[09:48] {Threei} NVDA stopped
[09:48] {lumdus} long teva 49.19 stop 49.09
[09:48] {esemde} these guys are the goofiest fed ......everybody speaking out of turn...off-handed comments....
[09:51] {lumdus} stop on teva 49.14 (crazy market so far)
[09:51] {bruce} ntap still valid?
[09:51] {magoo} NTAP valid?
[09:51] {bruce} dropped to .30
[09:51] {bruce} youmy echo mags?
[09:51] {Threei} if you don't mind stop under .30, yes
[09:52] {magoo} only mind if it hits it vad
[09:52] {bruce} I echo mags
[09:52] {Threei} volatile one: DPTR
[09:52] {Threei} small shares long .20-.25
[09:52] {Threei} support is 22.90
[09:52] {magoo} DPTR trade like IDMI vad?
[09:53] {magoo} running
[09:56] {Threei} market is kind of waiting for something
[09:57] {cosmo} obl?
[09:57] {cosmo} ...nah
[10:00] {Threei} *JAN EXISTING HOME SALES: 4.89M V 4.80ME
[10:00] {bruce} lcav spike dino
[10:01] {dino} too fast
[10:01] {esemde} L ong .51NTAP
[10:02] {bruce} vrtx - any read vad?
[10:02] {magoo} IDMI gonna fall with mkt vad?
[10:02] {Threei} worth try long bruce if stays above .20
[10:02] {Chaeron} gm all :)
[10:03] {Threei} chaeron :)
[10:03] {Threei} IDMI trades in its own world mags
[10:03] {Threei} and it's a wierd world
[10:03] {lumdus} teva running nicely
[10:04] {Threei} i am keeping NTAP stop at .39
[10:05] {cosmo} mrvl
[10:05] {cosmo} 11.6
[10:07] {dino} sm spwr l .80
[10:07] {Threei} stay patient guys, market is slow to wake up
[10:08] {Threei} (can't blame it, really)
[10:08] {Threei} but something is brewing
[10:08] {lumdus} you wish you could sleep late .. huh
[10:08] {Threei} always
[10:09] {Threei} I don't know what, but this feels like calm before the storm
[10:10] {dino} out spwr 69.86 +1.06
[10:10] {Threei} INSU
[10:11] {Threei} 15 break long half lot
[10:11] {Threei} stop under 14.80
[10:11] {esemde} have been getting that market feeling since about last wed or thurs Vad...
[10:11] {esemde} question is....is it storm up or storm down
[10:11] {magoo} no way to catch 15
[10:11] {Threei} that's a good question
[10:12] {dino} same feeling 3i, somethings' about to give big time
[10:12] {Threei} so let's make bets?
[10:12] {Threei} up or down?
[10:12] {patience} big time down
[10:12] {lumdus} vad, when you get a chance. Can you look at my teva trade. Did i screw up ?
[10:12] {esemde} i feel for some reason it's going to head up.....it just has not been selling down hard like it did in mid january
[10:13] {dino} i'm going contrary, everybody wants down, so i'll take up
[10:13] {esemde} i'm with you dino
[10:14] {Threei} lum, I see your entry
[10:14] {dino} great monds think alike, :)
[10:14] {Threei} what happened next?
[10:14] {dino} minds
[10:14] {magoo} well, i thought up
[10:14] {magoo} so everybody is thinking up
[10:14] {lumdus} i put a stop on 49.17 and triggered vad
[10:14] {Threei} way too tight, IMO
[10:15] {Threei} my trailing would be:
[10:15] {lumdus} ......
[10:15] {lumdus} 49.07 ?
[10:15] {Threei} .09 after it broke .20,
[10:15] {Threei} .15 after it broke .30
[10:15] {lumdus} ok. in short i screwed up. thank you.
[10:15] {lumdus} at now would be .26
[10:16] {Threei} right
[10:16] {Threei} remember our Fri discussion on trailing stops?
[10:16] {Threei} this is good illustration, trail them as chart dictates
[10:16] {Threei} meaning:
[10:16] {Threei} stock formed new range as it moves in your favor,
[10:16] {Threei} broke resistance of that range,
[10:16] {lumdus} vad, this wasn't trailing stop. this was a manual hard stop i put in.
[10:17] {Threei} now you can move stop under support of that reange
[10:17] {Threei} I under stand, but yoyu trailed it the same way
[10:17] {Threei} by arbitrary amount of cents, not by chart logic
[10:18] {lumdus} right .. but don't blame this on the trailing stop. this was a mental crack.
[10:18] {dptl} out ntap+.20 ty
[10:18] {Threei} welcome dp
[10:18] {esemde} out NTAP .72
[10:18] {Threei} yes lum, I realize that
[10:18] {esemde} be back in a while ...have to take vehicle to garage
[10:18] {esemde} seee ya in a bit
[10:18] {Threei} take care ese
[10:19] {Threei} one concern here lum:
[10:19] {Threei} was it accidental mental crack,
[10:19] {Threei} or was it approach that those autotrailing stops instill in your thinking?
[10:19] {Threei} give it a thought when you have time :)
[10:20] {Threei} and keep in mind, thinking causes headache...
[10:20] {Threei} in me at least
[10:20] {Threei} NTAP hit 1:1 nicely guys
[10:20] {Threei} hard to tell whether it has potential for more
[10:21] {Threei} even if you believe so, play it safe and take half
[10:21] {magoo} waiting .77
[10:21] {magoo} may be high
[10:21] {Threei} closest support right now is .64
[10:22] {curtisweese} NVDA buy at 22.38 or so?
[10:22] {Threei} if it can't take .73 and loses .64, holding full position would be questionable trade management
[10:22] {bruce} rimm looks headed for a break
[10:22] {bruce} of previous days high
[10:23] {Threei} curtis, tough read... not sure
[10:24] {curtisweese} heheh...dropping now.....not gonna get there anyway
[10:24] {magoo} still just scalpers mkt
[10:25] {Threei} look at volume last 20-30 minutes
[10:25] {Threei} all but disappeared
[10:27] {curtisweese} In on NVDA at 22.38
[10:28] {magoo} would u remind me that i hate IDMI next time u put it up
[10:28] {Threei} certainly
[10:28] {Threei} if I ever get to call it, it's going to be in the following format:
[10:28] {Threei} IDMI blah blah blah, magoo stay away
[10:29] {Threei} don't torture yourself, you are 3 cents down here, take your lumps and go if it takes too much of your attention
[10:29] {curtisweese} out NVDA +$.10
[10:30] {magoo} OUT .77
[10:30] {Threei} wtg
[10:30] {magoo} TY
[10:30] {magoo} more my type
[10:30] {Threei} I manage this trade differently but hey
[10:30] {Threei} there is more than 1 way to skin a stock
[10:30] {lumdus} in bby 44.73
[10:31] {Threei} my approach is, half out at 1:1, that was .72 for me,
[10:31] {Threei} stop to b/e,
[10:31] {Threei} now that it made new high, stop to .55
[10:32] {Threei} which is just below the support it formed by last pullback
[10:32] {Threei} will report what I do as (and if) it moves if you are interested
[10:39] {magoo} isn't there a new independent NTAPO trade setting up here? looks like 23 magnate
[10:39] {Threei} stop to .59
[10:40] {Threei} sure... just risk is higher
[10:41] {Threei} next spike will take NTAP into 1:2 where I intend to dump 1/4 more
[10:41] {curtisweese} looking at NVDA again if breaks 22.50 ....so .52 or so for me
[10:41] {Threei} and trail stop to .65
[10:44] {dino} fre s .70, stop hod
[10:45] {lumdus} vad, bby 45.59 stop ok ?
[10:45] {Threei} yes sir
[10:45] {lumdus} ok. thanks. i hate watching teva just go without me. kill me
[10:46] {Threei} out 1/4 more NTAP
[10:46] {magoo} see what i meant by magnate?
[10:46] {Threei} .95
[10:46] {Threei} by magnet I guess? :) yes
[10:46] {magoo} lol
[10:47] {Threei} stop to .73
[10:47] {Threei} move is quite significant, time to start tightenting it
[10:48] {bruce} zinc vad - any reade?
[10:48] {Threei} .79 is reasonable stop too here
[10:49] {curtisweese} in on NVDA at 22.51
[10:49] {Threei} a bit too thin bruce
[10:49] {bruce} k vad
[10:49] {Threei} rug pull on this one would cost a lot of slippage
[10:50] {dino} fre stopp .00, -.30
[10:50] {Threei} market looks like preparing to explode to the upside once again, so I am tightening NTAP to .79
[10:50] {Threei} logic is,
[10:50] {magoo} i like NTAP for a short scalp soon
[10:51] {Threei} if market does move up sharply, NTASP better go with it or I don't want to be in anymore,
[10:51] {Threei} and if market fails, NTAP is not likely to hold up there, moved a lot as it is
[10:52] {magoo} also, if mkt starts to fail, RIMM and NVDA short potential
[10:53] {dino} aapl sm l .90
[10:57] {lumdus} stop on bby 44.85
[10:57] {Threei} good trail lum
[10:58] {Threei} NTAP almost 1:3
[10:58] {Threei} out last portion
[10:58] {lumdus} tx vad
[10:58] {Threei} at .09
[10:58] {Threei} happy with the trade, +.21, +.44 and + .58
[10:59] {Threei} unless my math is wrong
[11:00] {lumdus} selling bby 45.08
[11:00] {lumdus} bby + .35
[11:00] {Threei} good trade lum, wtg
[11:00] {lumdus} tx
[11:01] {Threei} managed it just right
[11:01] {tomg} ty ntap vad, out 23.07
[11:01] {Threei} lol... tom comes back with thunder
[11:01] {tomg} :)
[11:01] {Threei} you know it's very rude of you to make such prfoit on your first day after long vacation?
[11:02] {magoo} vad, whats the symbol for NDX?
[11:02] {Threei} and you know what magoo does to people who act like this?
[11:02] {tomg} uh, oh...
[11:02] {Threei} $NDX mags
[11:03] {magoo} ty
[11:04] {dino} aapl stopped -.35
[11:07] {magoo} RIMM Short setup vad?
[11:08] {Threei} hmm
[11:09] {Threei} rather bounce if market doesn't dive
[11:09] {dino} teso s .05 stop .36
[11:10] {Threei} first strength from here, RIMM
[11:11] {Threei} in
[11:11] {Threei} stop .29
[11:12] {Threei} market is still unclear but risk is small
[11:12] {Threei} stopped
[11:12] {bruce} stopped rimm
[11:13] {magoo} i was thinking short way back on loss of 110
[11:13] {Threei} sideline for now, gotta let NQ decide on direction
[11:14] {Threei} 110 was behind at the time of the question...
[11:14] {magoo} was still thinking it
[11:14] {magoo} lol
[11:14] {Threei} just shows you how tough it is to comment in time on fast movers
[11:14] {magoo} true that
[11:15] {magoo} long RIMM now
[11:15] {magoo} in .37
[11:18] {Threei} wow TTWO
[11:18] {Threei} I don't see fresh news
[11:18] {magoo} on CNBC'
[11:18] {Threei} ah
[11:18] {dino} takeover offer at 25
[11:18] {bruce} erts offered to buy it out
[11:18] {Threei} 26 I think
[11:19] {magoo} stopped RIMM
[11:19] {esemde} I'm back.......TTWO I'll say......what was the news
[11:19] {dino} massive short squeeze, something like 40%
[11:19] {Threei} 02/24/08 03:26pm [TTWO] ERTS reveals a hostile $26.00/shr cash offer for TTWO in a $2B deal; TTWO has rejected the offer until at least the 4/30
[11:29] {bruce} out sigm +.41
[11:29] {Threei} wtg
[11:30] {dptl} glbl?
[11:30] {lumdus} nice bruce
[11:30] {bruce} thanx lum
[11:30] {bruce} lucky
[11:30] {bruce} thanx vad
[11:31] {Threei} GLBL chart is right... I am just hesitant about taking position here, market is very indecisive
[11:31] {dptl} ok
[11:35] {dino} teso stopped -.30
[11:40] {Threei} AAPL short with stop above .30
[11:40] {Threei} hard to nail exact entry
[11:41] {Threei} kind of "see if you can read it"
[11:41] {Threei} down quickly... don't chase that far
[11:41] {Threei} see if can get a bounce or new consolidation
[11:45] {bruce} stopped aapl
[11:50] {Threei} NTAP exit was just right so far
[11:50] {Threei} 4 cents under day high
[11:50] {Threei} keeping an eye on it still, maybe forms something
[11:51] {Threei} short off 23 resistance is one idea
[11:57] {Threei} ANY ABK DEAL WOULD LIKELY BE EARLY NEXT WEEK
[11:57] {Threei} reminder, ABK rumor was what started huge rally on Fri
[11:59] {magoo} are u short aapl?
[11:59] {Threei} I am flat
[11:59] {bruce} watching trma for weakness dino
[12:00] {Chaeron} I'm bald and fat
[12:05] {bruce} not me chaeron
[12:05] {bruce} just old and ugly
[12:06] {magoo} drunk and stupid here
[12:06] {Threei} aren't we attractive bunch
[12:06] {bruce} any read zolt vad?
[12:06] {Threei} ugh
[12:07] {Threei} twice I looked at it, twice kept myself from it, and twice was wrong
[12:07] {Threei} at 24, then at 24.5
[12:07] {Threei} I would really prefer a pullback on it rather than break
[12:08] {bruce} k
[12:14] {Threei} and what do you know... third break and no sign of pullback
[12:16] {Threei} now there is some
[12:16] {Threei} 25 is nearest support
[12:16] {Threei} if losing it, .75 next
[12:16] {bruce} I'm thinking possible short vad
[12:17] {Threei} considering weakening market, valid
[12:18] {Threei} it's just that again, I wouldn't want to chase it down
[12:18] {Threei} this drop we are seeing came with no indication of entry
[12:18] {bruce} agreed - wold like it to form second lower top
[12:18] {Threei} yes, or consolidation and breakdown
[12:29] {bruce} erts long on .30 break vad?
[12:30] {Threei} with .15 stop
[12:30] {Threei} most likely scalp only
[12:31] {Threei} it has downtrending look still, need more confirmation of reversal
[12:31] {Threei} .16 is actually still short trigger if stayys under .30
[12:35] {dino} grmn l sm .20
[12:37] * Threei slaps Laserdave1 around a bit with a large trout
[12:37] * Chaeron slaps Laserdave1 around a bit with a large trout
[12:37] * magoo slaps Laserdave1 around a bit with a large trout
[12:37] {Threei} we are obviously very welcoming bunch too
[12:38] {Laserdave1} nice to see you guys as well
[12:38] {Laserdave1} hope weekend was good
[12:39] {Threei} ZOLT forms that double top bruce
[12:39] {Threei} 25 breakdown becomes short trigger if stays under first high
[12:40] {bruce} yep - just noticed that vad
[12:40] {Threei} actual stop will be defined by the high if this bounce
[12:40] {Threei} so far it's .25
[12:41] {bruce} prefer to see .22 hold for this top
[12:41] {bruce} got you - already hit .25
[12:45] {Threei} I don't like how ERTS sits here
[12:45] {Threei} if this NQ upward spike doesn't move it soon, it's still a short
[12:46] {bruce} s zolt .14 - stop .30
[12:47] {Threei} market spikes
[12:47] {Threei} if ZOLT can't use this spike, will be a good short
[12:51] {bruce} yes - enterd too early
[12:51] {Threei} not necessary
[12:51] {Threei} a bit aggressive but who said it's bad thing
[12:52] {bruce} market spiked right after entry
[12:52] {dino} spwr l sm .20
[12:52] {magoo} any rerad RIMM vad?like it long
[12:53] {Threei} sorry mags, no read
[12:53] {magoo} aapl?
[12:53] {Threei} 108 break was more or less decent trigger on RIMM
[12:53] {Threei} here, no
[12:53] {Threei} AAPL chart is even less readable
[12:54] {Chaeron} so nap time?
[12:54] {Threei} ERTS is trying
[12:55] {Threei} 1:1's reached
[12:58] {Threei} moves a bit higher but I preferto take scalp
[13:02] {bruce} stopped zolt -.16
[13:05] {bruce} vad - rimm as possible long near here?
[13:06] {Threei} with stop under .50
[13:06] {Threei} it's very much NQ-dependent
[13:06] {Threei} market will make or break this trade
[13:06] {esemde} Vad ddc please
[13:07] {bruce} missed it - was thinking .80break and notgoing to chase
[13:08] {magoo} l rimm .86
[13:11] {esemde} I'm otta here everyone....have a great rest of the day
[13:11] {magoo} bye ES
[13:11] {esemde} see ya magoo
[13:12] {Threei} take care ese
[13:12] {bruce} l rimm .75
[13:15] {Threei} market is swamp right now
[13:17] {bruce} stopped rimm -.26
[13:17] {magoo} stopped rimm{again}
[13:18] {Threei} don't push it guys... sideline time
[13:18] {Threei} 5 points range
[13:21] {Threei} if a 50/50 trade with 6 cents stop is to your liking, short NVDA with .21 stop
[13:22] {Threei} downticked fast from .15 which I had in mind
[13:29] {bruce} rimm bounce at 108 vad?
[13:30] {Threei} can't tell bruce... market breaks down more so does RIMM
[13:30] {bruce} k
[13:31] {Threei} NVDA worked for a little scalp
[13:35] {Threei} pains me to say but... GRMN is short if losing .60
[13:35] {Threei} half lot .58 trigger
[13:36] {dino} grmn stopped
[13:36] {Threei} stop .75
[13:38] {magoo} target GRMN?
[13:39] {Threei} stop to .71, the rest is in NQ hands
[13:39] {Threei} not clear if it's breakdown for NQ or bounce off double bottom
[13:39] {Threei} feels like breakdown is more likely
[13:41] {Threei} NQ says yeah right
[13:43] {Threei} 1:1
[13:44] {Threei} I am out, can't get a read
[13:45] {Threei} RIMM bounce is not very impressive
[13:45] {Threei} looking to short .50 if market reverses down
[13:46] {magoo} grmn not with naz vad
[13:46] {magoo} weaker
[13:46] {Threei} nope, lost connection
[13:47] {Threei} RIMM is a bit too far from .50 support now for comfortable shorting on breakdown
[13:48] {Threei} if NQ drops, aggressive entry will be better idea
[13:48] {Threei} 108 is nearest resistance for stop/invalidating level
[13:48] {Threei} you still holding GRMN mags?
[13:49] {magoo} noi
[13:49] {magoo} out w/u
[13:49] {Threei} OK
[13:53] {Threei} psycho market again
[13:53] {Threei} another talking head on CNBC said something or what
[13:55] {dino} cat sm l .15
[13:55] {dino} oih rocking, brings market up
[13:56] {Threei} where are good old times of common sense when oil oing higher meant market going lower asnd visa versa
[13:56] {dino} long gone
[13:56] {Threei} sigh
[13:57] {bruce} tough trading for me lately - lots of stops
[13:57] {bruce} taking doggy walk break
[13:58] {dino} same here bruce
[13:58] {lumdus} in wye 42.20
[13:59] {Threei} NVDA long for a scalp here
[13:59] {Threei} with stop under 22
[14:01] {lumdus} bruce, better days ahead ..
[14:08] {Threei} NQ spike would be what is least expected here
[14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:08] {Threei} let's see if it does just that
[14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:09] {Threei} almost 3 points in single breath
[14:11] {Threei} how about that?
[14:11] {lumdus} out wye -.13
[14:11] {magoo} nbvda hasn't bujged
[14:12] {Threei} it will
[14:12] {Threei} unless it won't
[14:12] {lumdus} rimm about to fall
[14:13] * Threei kicks NQ in the rear with heavy duty army boots, steeltoes, reinforced et all
[14:14] {Threei} violence works
[14:14] {magoo} nicer kick
[14:14] {Threei} look at that
[14:15] {Threei} [14:09] {lumdus} all you need to do, is put on the crazy hat and you make good in this market.
[14:15] {Threei} exactly what I did, and look how flawlessly it worked
[14:17] {lumdus} yup, that's the way it works these day.
[14:17] {lumdus} i think we break .20 and move 1 big huge spike
[14:23] {Threei} NVDA stop to .04
[14:23] {magoo} target NVDA exit?
[14:23] {Threei} won't me to sounds honest or analyutical?
[14:23] {Threei} won't = want
[14:24] {magoo} not looking to good
[14:24] {Threei} honest version: I've no idea
[14:24] {Threei} you see how this market is
[14:25] {Threei} any questions?
[14:25] {Threei} craziness multuplied by craziness
[14:25] {magoo} compounded by insanity
[14:25] {Threei} S&P AAA FINANICAL STRENGHT RATING TAKEN OFF WATCH; AFFIRMS ABK RATING
[14:26] {Threei} I am out
[14:26] {Chaeron} nice
[14:26] {Threei} .28
[14:26] {Chaeron} what timeing :)
[14:26] {Chaeron} timing too
[14:26] {magoo} out here .34 TY boss
[14:27] {Threei} "If I were market, what should I do to hurt as many players as possible"
[14:27] {Threei} welcome guys
[14:27] {dino} out cat .60, +.45
[14:28] {lumdus} out .33 tx boss
[14:29] {magoo} isn't scenerio too much like friday?
[14:29] {Threei} yes mags, with one difference
[14:29] {lumdus} wye taking a run with everything else
[14:29] {Threei} fridfay was cnbc talking head discussing rumor
[14:30] {Threei} this news is actual news, FWIW
[14:30] {Threei} [14:08] {Threei} NQ spike would be what is least expected here
[14:30] {Threei} [14:08] {Threei} considering market's unique ability to do the most unexpected things lately...
[14:30] {Threei} [14:08] {Threei} let's see if it does just that
[14:30] {Threei} can I go home?
[14:30] {Chaeron} you are home
[14:31] {lumdus} no, you get punhished badly. we should have stayed in for another .50 at least.
[14:31] {Threei} look at MBI and ABK
[14:31] {Chaeron} sitting there in your pj's and fuzzy bearclaw slippers
[14:31] {Threei} where is that camera chaeron secretly installed in my office...
[14:34] {lumdus} wow - what a trun that was for nvda. hmm, mabye no punishmed for vead
[14:36] {dino} sell the rips, s sm petd .47
[14:36] {lumdus} in twm 80.65
[14:36] {Threei} I can't overstress my distrust for this market enough lum...
[14:36] {Threei} I got 1:2 on a stock that sat and tortured me for 10 min, I won't take any chances
[14:36] {lumdus} out .95
[14:36] {Threei} expecially when it happens on such sharp spike
[14:36] {lumdus} +.30
[14:36] {Threei} gj
[14:37] {lumdus} tough to get thos. that's what i like quick and easy
[14:39] {lumdus} rimm looks like bounce comming
[14:40] {bruce} back
[14:40] {Threei} oh boy
[14:40] {Threei} bruce... your timing... :(
[14:40] {bruce} ezpect you folks probalby just had about 8 winning trades in row
[14:41] {Threei} one but sheesh... you left 1 minute before it was called and returned just when it was over
[14:41] {bruce} sheesh
[14:41] {bruce} no surprise though
[14:41] {Threei} this is freaky
[14:41] {Threei} scroll up...
[14:43] {dino} cov petd .07 +.40
[14:43] {bruce} sigh
[14:43] {lumdus} bruce, maybe leave for another few minutes and we make some $$ then you come back :)
[14:44] {lumdus} ok, if i was a jerk, i would buy rimm now... so -
[14:45] {dino} what a whip
[14:45] {lumdus} long rimm 107.22
[14:45] {lumdus} stop 107.07
[14:45] {bruce} sorry lum - just not that considerate
[14:45] {lumdus} stop on rimm 107.24 b/e
[14:46] {lumdus} vad, should i keep stop at .10 ?
[14:46] {lumdus} i guess, so ..
[14:47] {Threei} I don't have any read here lum, sorry
[14:48] {lumdus} that's why i went long. because i don't have a read ..
[14:48] {Threei} this is chart drawn by the pen tied up to the tail of drunken mule that is getting needled with sharp knife
[14:49] {lumdus} i need to step a way a second.. watch it for me.
[14:53] {Chaeron} }:
[14:53] {lumdus} ok, i am back..
[14:53] {lumdus} missed the damm spike
[14:54] {lumdus} out rimm .48 + .26
[14:55] {lumdus} days like today are my best. because i just act like a jerk
[14:57] {bruce} I'm going to resist replying to that lum
[14:58] {lumdus} i don't see any other way to play this market. so far it's worked. looking for next target
[14:58] {Threei} COIN rallied
[14:59] {dino} luck lum. use it while it lasts
[15:00] {lumdus} short sds 61.85 stop 62.03
[15:00] {dino} out spwr .80, +.60
[15:00] {lumdus} dino, exactly. while it lasts.
[15:01] {lumdus} sds die hard now. !!
[15:01] {dino} no disrespect, luck plays a part imo
[15:02] {dino} back in 10
[15:02] {lumdus} out sds .62
[15:03] {lumdus} +.23
[15:04] {bruce} zolt may be worth another try short here
[15:06] {Threei} COIN .20 is very risky long
[15:06] {lumdus} watching mdt for long
[15:10] {dino} thinking the same bruce
[15:10] {lumdus} in mdt long 49.48
[15:10] {dino} i can't get it
[15:12] {lumdus} stop on mdt 49.39
[15:12] {lumdus} dino, what can't you get ?
[15:12] {dino} fcsx
[15:13] {dino} zolt i couldn't get
[15:13] {lumdus} why can't you get it .. ?
[15:14] {dino} no shares at stsmartpro
[15:14] {magoo} u short ZOLT bruce?
[15:14] {lumdus} out mdt -.10 .. luck ran out
[15:20] {lumdus} schw about to run ?
[15:20] {lumdus} looks like some momo there. .. let me think about this
[15:21] {lumdus} in .52
[15:21] {Threei} ABK new wave of strength
[15:21] {Threei} .35 long if stays above .15
[15:21] {Threei} half lot
[15:22] {Chaeron} shucks
[15:23] {dino} fcsx s .91
[15:24] {Threei} .50 break needed to fuel another spike
[15:25] {lumdus} schw needs to beat abk .. let's go
[15:25] {Threei} 1:1
[15:27] {Threei} +.30
[15:27] {Threei} me out
[15:27] {Threei} maybe goes higher, I care not
[15:27] {Chaeron} beauty
[15:27] {magoo} me too .73 TY
[15:27] {Threei} umm... +.40
[15:27] {Threei} welcome
[15:27] {lumdus} gosh abk was 6.00 last month. how th heck did it go all the way here.
[15:28] {bruce} not in zolt mags - still aqtching it
[15:28] {Threei} hey, it was 70 just in Novemeber... you don't ask how the heck did it get to 6?? :)
[15:29] {Chaeron} naaaaa he was short
[15:29] {Threei} ahhh
[15:31] {Threei} IMF"S STRAUSS-KAHN: EXPECTS 'SLIGHT DECREASE" IN OIL PRICE, TO AVERAGE UNDER $100/BBL IN 2008, SEES DOWNSIDE RISK TO IMF'S 4.1% WORLD GROWTH FORECAST MAINLY DUE TO NEW SUBPRIME LOSSES
- Notes if there are no new subprime disclosures, may be 'good surprise' on 2008 growth
[15:31] {Threei} - Says no decoupling of emerging markets
[15:32] {Threei} FED'S MISHKIN: MODEL SHOWS BETTER TO RESPOND TO CORE INFLATION; INFLATION ABOVE RECENT YEARS WOULD BE HARMFUL- big rate hikes are not needed to halt inflation after supply shock if expectations are anchored
[15:34] {Threei} EBAY
[15:34] {Threei} UPDATE: JP MORGAN MAKES POSITIVE COMMENTS THIS AFTERNOON- says Q1 listings tracking at +11% y/y
[15:34] {Threei} 28 break maybe
[15:35] {Threei} in
[15:35] {Threei} ridiculously tight stop
[15:35] {lumdus} ebay .. that's dating yourself there.
[15:35] {Threei} .93
[15:35] {lumdus} schw working like a charpm
[15:36] {lumdus} out schw .62 + .10
[15:37] {lumdus} have a nice evenning. very good day. hopefully back on track
[15:37] {Threei} COIN
[15:37] {Threei} takle care lum, good job
[15:39] {bruce} bye lum
[15:39] {dino} gj lum
[15:40] {Threei} EBAY 1:1 for hard core scalpers
[15:41] {patience} nice call for the market today dino and ese
[15:45] {dino} mini s .84 stop .06
[15:47] {dino} too bad i didn't trade it better, the mornings are hurting me
[15:50] {bruce} the trading days are hurting me dino
[15:52] {tomg} vad, i've still got small shares INSU
[15:53] {tomg} ok to hold overnight, you think?
[15:53] {Threei} hmmm
[15:53] {Threei} no idea tom
[15:53] {Threei} overnight is overnight
[15:53] {tomg} ok, ty
[15:54] {Threei} chart looks good
[15:55] {Threei} how much you can trust charts in this supervolatile market is a whole other matter
[15:55] {Threei} although INSU doesn't seem to have much to do with market \
[15:55] {tomg} just have 100sh
[15:55] {Threei} then just hold it and see what happens
[15:56] {Threei} you are long from where?
[15:56] {dino} cov mini .54, +.30
[15:56] {tomg} 15.08
[15:56] {Threei} solid buffer
[15:57] {tomg} think I'll hold it then
[15:57] {Threei} I would
[15:57] {tomg} ok, thanks
[15:57] {Threei} big position with potential to hurt, no
[15:57] {Threei} 100 shares is sleeping level :)
[15:57] {tomg} yep :)
[15:57] {Threei} Ok guys, thank you all
[15:58] {Threei} good day actually
[15:58] {Threei} have a great evening, see you tomorrow
[15:59] {dptl} have a good evening all
[15:59] {dino} fcsx stopped .00 -.09
[16:10] {bruce} night all
Friday, February 22, 2008
Feb 22 2008
[08:42] {Threei} FRPT ANNOUNCES $115M IN NEW FOREIGN ORDERS FOR COUGAR MASTIFF
- Received an order for an additional 174 Cougar Mastiff vehicles, vehicle spare parts, and field support for the UK Ministry of Defense.
[08:42] {Threei} - scheduled for completion by December 2008, with spare parts and field support coverage continuing through mid 2009.
[08:43] {Threei} this stock is neverending story of news propping it up, then decline as if all the positive effect disappears in thin air
[08:44] {cosmo} so.. they breed a dog/cat hybread?
[08:45] {Threei} no idea, I am not good at botany
[08:45] {Threei} here goes bruce telling me that botany is plants, not animals... as if there is any difference
[08:46] {cosmo} hmmm
[08:47] {cosmo} i dunno .. a couger/mastiff combination could be very effective protection...
[08:49] {cosmo} FRPT pre mkt high = 5.11 so far
[08:51] {magoo} morning
[08:51] {Threei} magoo... look what an unexpected gift we have this morning
[08:51] * Threei slaps Laserdave1 around a bit with a large trout
[08:53] * magoo slaps Laserdave1 around a bit with a large trout
[08:56] {cosmo} UNFI: United Natural Q2 profit falls; cuts FY08 EPS outlook
[08:56] {cosmo} at Reuters (Thu 6:33pm)
[08:58] {cosmo} 18.10 pre mkt high fwiw
[09:01] {bruce} sure cosmo - but a turnip mastiff combinaton?
[09:04] {Threei} or german badger-dog with suitcase
[09:06] {bruce} is that carry on protection vad?
[09:06] {Threei} no, just must look funny
[09:06] {Threei} which is an asset in and of itself in my eyes
[09:09] {esemde} good morning ladies and gentlemen of the jury.......
[09:10] {dptl} good morning all
[09:10] {bruce} for truly funny why not a parakeet / llahma cross?
[09:10] {Threei} ese, dp :)
[09:10] {bruce} now you have a bird with a big nose that spits
[09:10] {Threei} and is furry
[09:10] {Threei} I like it
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {bruce} speak of the devil - morning dino
[09:12] {dino} hmmmmm...and the devil shall appear
[09:12] {bruce} not much shakin this morning
[09:12] {bruce} cbey is down big though
[09:16] {magoo} last night bruce
[09:17] {magoo} keep in mind vad shorts today, and RIMM up pretty good if mkt goes
[09:17] {Threei} shorts? according to recent calendar, today is bull market
[09:18] {Threei} ese, look dcc please
[09:19] {dino} unfi bit of blood
[09:19] {bruce} is that from the farmers almanac vad?
[09:20] {Threei} no idea but someone somewhere obviously signed a decree that up and down days must alternate
[09:21] {bruce} got you- well that makes it easy for us then
[09:21] {Threei} yup... alliswellinlalaland one day, theskyisfalling another
[09:22] {bruce} sure - but you can get a new roof on your house from the insurance coverage on that satelite debris
[09:23] {Threei} not if I am in the house when it hits
[09:24] {Threei} which reminds me, gotta update kids info on my life insurance :)
[09:25] {lumdus} good morning all. snowing heavily in nyc
[09:25] {dino} depends on opening gap, up, end down, down end up
[09:25] {Threei} hi lum, really?
[09:25] {Threei} true dino, that's the pattern that shoqwn pretty consistently lately
[09:26] {lumdus} vad, just kidding ..
[09:27] {esemde} lum ...you from NY....I love New York!
[09:27] {lumdus} i love ny as long as i find parking
[09:27] * Threei cancels mailing skies and snow shovel to lumdus
[09:28] {_leo1} hi
[09:28] {Threei} I wanted to say I love NY but then realized that I love Manhattan
[09:28] {Threei} hi leo
[09:28] {esemde} leo
[09:28] {Threei} ese, dcc please
[09:29] {dino} lum, a yankee?
[09:29] {lumdus} yes
[09:29] {dino} onhly about 2 1/2 hours from you
[09:33] {Threei} GRMN .50 long small if holding above .30
[09:34] {Threei} still valid
[09:35] {bruce} missed it - popped
[09:35] {lumdus} hoh shoot no way with that.
[09:35] {dptl} got .54
[09:35] {Threei} no... unless entered aggressively unattainable
[09:35] {Threei} wow
[09:36] {Threei} dpt proved us wrong
[09:36] {Threei} take profit
[09:36] {bruce} congrats dp
[09:36] {dptl} out +.40 ty
[09:36] {Threei} wtg
[09:39] {bruce} you want to try grmn as pullback vad?
[09:39] {Threei} wait
[09:39] {Threei} RIMM is not dropping with NQ
[09:39] {Threei} 106.15 long
[09:39] {Threei} stop under .90
[09:40] {dino} gj dp
[09:40] {Threei} out .70
[09:40] {Threei} +.53
[09:40] {dptl} thx Dino
[09:41] {Threei} anyone caught it?
[09:41] {Threei} see big red bar 9:39 NASDAQ?
[09:41] {lumdus} s wb 32.94 stop 33.03
[09:41] {Threei} and barely couple downticks RIMM
[09:41] {bruce} too late for me vad - paased trigger when I pulled it up
[09:41] {Threei} dead giveaway
[09:42] {Threei} was available just couple cents higher for a few bruce
[09:42] {Threei} I got .18
[09:42] {dino} bby s .85, stop .17
[09:45] {bruce} cbey continues down - out +.20 quick scalp
[09:46] {dino} cov bby .61, +.24
[09:47] {Threei} keep an eye on RIMM guys, relative strength on it is remarkable
[09:47] {Threei} NQ makes new lows, RIMM retreats 20 cents
[09:47] {Threei} NQ barely bounces, RIMM makes new highs
[09:47] {bruce} I'm slow this morning dino- was looking for a stock with symbol bbys
[09:48] {Threei} any help by market, it will bust through 107 like knife
[09:48] {Threei} there
[09:48] {dino} :)
[09:48] {dino} sigm?
[09:49] {magoo} just caugty rimm
[09:49] {magoo} .70 to .09
[09:49] {magoo} to fast
[09:49] {magoo} to pout in here
[09:49] {bruce} nice mags
[09:49] {dino} why pout?
[09:50] {dino} l sigm .70
[09:50] {Threei} hopw do you like this on SIGM:
[09:50] {bruce} great exit mags - you caught exact top
[09:50] {Threei} 02/19/08 01:15am [SIGM] Baird Cuts SIGM to Neutral from Outperform, price target: $50.00
[09:52] {Threei} what's so great bruce, he sold 3 cents under high... pretty pitiful performance
[09:52] * Threei is hiding under the nearest rock
[09:52] {magoo} thats why i am poutting
[09:52] {Threei} lol
[09:52] {magoo} really fast..vad said watch it
[09:52] {magoo} i watched
[09:53] {magoo} hoit-layourt lucky
[09:53] {Threei} see, thing with stocks like RIMM
[09:53] {bruce} intu on radar dino - want to see it drop more
[09:53] {magoo} sigh..spelling
[09:53] {dino} sigm stopped -.40
[09:53] {Threei} sometimes they give you time to alert of setup coming
[09:53] {Threei} and sometimes things happen so quickly that there is no way I could type it in time,
[09:53] {Threei} so what I opt to do is
[09:54] {Threei} alert when I can
[09:54] {Threei} and give general outlook on how to play it
[09:54] {Threei} so those of you who can read and catch it could act on your own, without delay caused by my typing
[09:55] {Threei} understandably, it's not a stock for everyone
[09:55] {magoo} u like it for bounce here?
[09:55] {Threei} has quite a personality
[09:55] {Threei} sure - if NQ bounces
[09:56] {Threei} .30 is nearest support
[09:56] {Threei} not anymore
[09:56] {magoo} grmn might be short if naz retreats vad
[09:57] {Threei} I am not sure they have much correlation
[09:57] {magoo} yeah, not in chart
[09:58] {bruce} with rimm you look for a small consolidation vad - 20 c or so - then break to one side with nq also moving that way?
[09:58] {Threei} one correction bruce
[09:59] {Threei} on a day like today I will aplly that to long but not to short
[09:59] {Threei} meaning I will go with this setup on a long side, and will remain on a sideline on shoert side
[09:59] {bruce} k- cause strngth seems long for it?
[09:59] {bruce} got you
[09:59] {Threei} with such relative strength as RIMM shows short is just very labored money
[09:59] {bruce} idea is to keep small stops
[09:59] {Threei} path of least resistance is up
[10:00] {Threei} and I like easy money
[10:00] {bruce} and ready to exit on first sign of slowing on it looks like from wqtching you trade it
[10:00] {dino} bby s .94 stop hod
[10:00] {Threei} well... that's my approach since I am as risk adverse as we human beings get
[10:01] {Threei} someone with more tolerance would probably keep part for a multipoint run
[10:01] {lumdus} in ccu 31.68 stop 31.49
[10:02] {bruce} a lot of 1 min candles in it are over 60c
[10:02] {bruce} so tough to keep 20 c stops init
[10:03] {Threei} thin stock always requires some padding
[10:03] {bruce} its not thin - just real fast
[10:04] {Threei} GRMN formed quite pronounced support at 63.80
[10:04] {Threei} watching if it holds
[10:04] {Threei} nope
[10:05] {Threei} no play
[10:05] {bruce} I hate grmn - erratic as hell
[10:06] {Threei} that's what we have to play these days, normal stocks just don't move
[10:06] {Threei} keep us prisoners for hours if we venture in them
[10:06] {Threei} and for the most part stop us out eventually
[10:06] {magoo} agree vad
[10:06] {Threei} enter TIVO yesterday
[10:06] {lumdus} yeah, i am just figuring that out now.
[10:06] {Threei} it all goes in cycles
[10:07] {Threei} one day those small safe ones will start moving like their sole purpose in life is to make us as much money as possible
[10:07] {bruce} fwiw - looks like grmn may find support about.50 and bounce there
[10:08] {dino} see, gap up open
[10:08] {Chaeron} gm all
[10:08] {Threei} ch :)'
[10:09] {Chaeron} looks like a littl.e cigar butt hanging there from that smile Vad... a bit early for that no? :)
[10:09] {Threei} lol
[10:10] {Threei} AMZN starts looking interesting
[10:10] {esemde} long VCLM19.09
[10:10] {dino} bby stopped .13, -.19
[10:10] {bruce} thats what I hat4e about grmn - bounced at .50 as suspected - only moved 20c - then moved to stop and continue
[10:10] {bruce} pos
[10:11] {Threei} watching AMZN for breakout of 71.70 - 72 range
[10:12] {bruce} amzn short?
[10:12] {Threei} no
[10:12] {magoo} we are tanking ?
[10:13] {bruce} no just slummin magooski
[10:13] {magoo} amzn looks like rolling over to me {respectfully submitted}
[10:13] {magoo} maybe RIMM bounce vad
[10:13] {dino} dv l .35
[10:14] {bruce} nice entry dino
[10:14] {dino} ty waited forever
[10:14] {dino} sigm?
[10:15] {Threei} looks like short to me dino
[10:15] {magoo} RIMM vad?bounce somewhere?
[10:15] {dino} bite your toung
[10:16] {Threei} I don't have feel for it magoo
[10:17] {magoo} neither do i evidently
[10:17] {esemde} out VCLM .43 +.34
[10:17] {Threei} wtg
[10:17] {esemde} you hooked me on to it a couple of days ago
[10:18] {Chaeron} huge ese...
[10:18] {dino} gj
[10:18] {esemde} been kinda monitoring it
[10:18] {Threei} I have?
[10:18] {Threei} gosh... I don't remember it at all :)
[10:18] {esemde} RRIIGGHHTT....wink wink nudge nudge....
[10:19] {esemde} it's still goin
[10:19] {dino} risky sigm l .50
[10:26] {dino} unfi sm l .20
[10:27] {bruce} imcl looks srtong bvad
[10:28] {dino} out dv .72, +.37
[10:28] {esemde} vlcm....nice move up today ....on an iffy day for sure
[10:29] {bruce} nice dino
[10:31] {bruce} any read cbey vade - looks to me like long potential on break of .50
[10:31] {Threei} I like it bruce
[10:37] {lumdus} short ir 38.57 stop 38.67
[10:42] {Threei} beautiful read CBEY bruce
[10:42] {bruce} thanx vad
[10:42] {dino} nice one bruce
[10:42] {Threei} very clean setup
[10:45] {lumdus} ir - .11 crap
[10:46] {Threei} 1:2 CBEY
[10:47] {bruce} out cbey +.63
[10:47] {Threei} disgusting
[10:47] {Chaeron} nice bruce
[10:47] {Threei} truly disgusting
[10:47] {magoo} nice bruce
[10:47] {Threei} couple more trades like this and noone will come out and play with you
[10:48] {lumdus} very nice bruce
[10:48] {Chaeron} don't listen to Threei,,,, he's just pulling lint out of his navel
[10:48] {lumdus} awesome heads up and awesome trade
[10:48] {bruce} thanx vad
[10:48] {Threei} always :)
[10:48] {bruce} I'm worlds second worst trader- but get lucky sometimews
[10:49] * Threei is waiting to see who first takes the bait and asks bruce why second worst
[10:49] {dino} ahhh, luck
[10:50] {bruce} eternal optimism vad
[10:50] {bruce} I'm sure theres a worse one - just havne't met him yet
[10:50] {bruce} hope someone else gotcbey
[10:51] {Threei} my idea of answer to "why second/" would be: "that's how bad I am, can't even be THE worst at this"
[10:51] {bruce} lol
[10:51] {bruce} woulda said that if I'd thought of it
[10:52] {Threei} that's an old joke actually... can't claim authorship
[10:52] {bruce} possible break nvda here
[10:54] {Threei} if golding above .70, break will be valid setup on it
[10:54] {dino} pwrd
[10:56] {Threei} full point CBEY
[10:56] {Chaeron} beauty
[10:56] {dptl} out cbey +.21 on that move got it on pullback ty bruce vad:)
[10:56] {bruce} nvda invalid
[10:56] {Threei} nice dp
[10:57] {bruce} congrats dp
[10:57] {dino} ibkr l .05
[10:58] {magoo} double bottom RIMM setting up vad
[10:58] {Threei} not sujre mags
[10:58] {Threei} it lost lustre
[10:58] {Threei} can break down just the same
[10:59] {esemde} markets calm......
[10:59] {bruce} nice vad - you took full point out of it?
[10:59] {Threei} on CBEY?
[10:59] {Threei} yes
[10:59] {bruce} yes
[10:59] {bruce} wow - cool beans
[10:59] {Threei} not on full position of course, aprtialed along the road
[11:00] {bruce} k - makes sense
[11:02] {bruce} \onxx on break of .50 vad?
[11:03] {esemde} What are the chances the market will finish up today.....
[11:03] {dino} 50/50
[11:03] {esemde} hmmmmmmm
[11:03] {lumdus} in erts 49.27 sto 49.17
[11:03] {Threei} ONXX wierdly narrow today
[11:03] {Threei} not sure it's worth our time and effort
[11:03] {dino} shorts pretty good week, may cover into close
[11:04] {dino} ibkr stop to .30
[11:04] {bruce} k
[11:05] {dino} out slippage +.20
[11:09] {Threei} feels like bounce coming
[11:10] {Threei} or not
[11:10] {dino} ofix
[11:10] {Threei} short a little QID, very tight stop
[11:10] {Threei} .81
[11:11] {Threei} nope
[11:12] {lumdus} vad, talk about stocks not moving .. erts still range no movement.
[11:13] {magoo} u short qid vad?
[11:13] {Threei} stopped mags
[11:13] {lumdus} out erts -.11 crappy day
[11:14] {magoo} RIMM bounce time or is there a better trigger?
[11:14] {magoo} SHIT
[11:14] {magoo} was looking 104
[11:14] {Threei} RIMM yes, bounce but try to get in on pullback
[11:16] {Threei} shakeout QID... whimp I am
[11:16] {Threei} .76 was good entry, overtightened stop
[11:23] {Threei} CBEY worth a try for a scalp here with stop .48
[11:23] {Threei} pure risk based setup
[11:24] {dino} sm risky l ofix .85
[11:26] {magoo} what entry u get CBEY vad?
[11:26] {Threei} .54
[11:26] {magoo} .5488 here
[11:26] {Threei} no worky
[11:26] {magoo} fer
[11:26] {dino} stopped ofix .40-.45
[11:26] {magoo} now how u get out .448
[11:27] {magoo} was a blink
[11:27] {magoo} .48 im mean
[11:27] {Threei} got .43 and .45 on exit
[11:27] {magoo} ok
[11:36] {Threei} AMZN starts looking breaky
[11:36] {Threei} .91 semi-aggressive entry
[11:37] {Threei} if holding above .65
[11:40] {dino} ofix l .42 risky
[11:42] {dino} stopped done w/it
[11:45] {dino} unfi stopped .80 -.40 sm
[11:47] {bruce} sheesh ofix really dumped
[11:48] {dino} ibkr s .75, stop .03
[11:50] {bruce} aapl tanking broke 120
[11:53] {bruce} any thoughts rimmm here vad?
[11:53] {bruce} lloks like long at .50 but stop would be 30c
[11:54] {Threei} can't tell
[11:54] {Threei} things lost rythm
[11:54] {bruce} k
[11:55] {bruce} theres dance lessons for that vad
[11:56] {Threei} hmmm
[11:56] {magoo} bounce aapl vad?
[11:56] {Threei} coin toss mags
[11:56] {bruce} new reality show - dancing w magooski
[11:56] {magoo} what should i calkl then? upo or down
[11:57] {Threei} the sure bet is that coin will not hang in the air
[12:03] {dino} cov ibky .51 +.24
[12:05] {esemde} ITS!!! THE!!! WEEKEND!!!!! have a good one all see ya monday
[12:05] {Threei} take care ese, have a good one
[12:06] {dino} pwrd s .05 stop .27
[12:28] {Chaeron} .
[12:29] {dptl} Dave dcc pls
[12:29] {dino} pwrd bstop to .17, i can't even pick a short
[12:30] {bruce} ofix trying to recover some now dino
[12:31] {Chaeron} - Indices resume a downward trajectory as credit market fears continue to weigh. Major publications continue to point to signs of further deterioration in the functioning a variety of fixed income markets.
[12:31] {Chaeron} The WSJ noted that two indices that track the cost of buying insurance on bonds issued by 125 large companies have doubled since the beginning of the year, a sign that the financial squeeze that began in investments linked to subprime mortgages has spread. A separate article noted that the CMBX Index, which tracks the value of bonds backed by commercial mortgages, suggest rough waters ahead for that industry as well.
[12:32] {Threei} really
[12:32] {Chaeron} nope, not foolin'
[12:34] {dino} maybe bruce, tough one ofix
[12:38] {dino} sigm l .00, stop lod
[12:52] {Threei} yawn
[12:52] {dino} esmk
[12:55] {bruce} taking break
[12:56] {Threei} slacker
[12:56] {Threei} sit here and yawn with us
[13:05] {Threei} WHITE HOUSE: HAS 'NO CONFIDENCE' IRAN'S NUCLEAR PROGRAM IS PEACEFUL UNTIL IT MEETS ITS OBLIGATIONS
[13:07] {dino} like anybody's is strickly peaceful. issue is a joke
[13:07] {Threei} I am strictly peaceful
[13:07] {Threei} especially when my gun is loaded
[13:08] {Threei} and safety's off
[13:08] {Chaeron} lol
[13:09] {magoo} get to work would u lol
[13:10] {Threei} see, magoo ruins my extreme peacefullness
[13:11] {Chaeron} load your gun...
[13:11] {Threei} looking at OPTV with interest
[13:11] {Threei} maybe some slow accumulation starts
[13:20] {dino} ueic
[13:22] {dino} ueic s .54
[13:23] {bruce} back
[13:23] {bruce} you're right vad
[13:23] {bruce} slackers my middle name
[13:24] {Threei} I know, I wanted to claim it and found out it was taken
[13:24] {bruce} would feel guilty if I weren't following your example
[13:29] {Threei} AAPl looks like short on bounce
[13:29] {Threei} as close to 118 as can get
[13:31] {Threei} practically no bounce... .80 was the best it could do
[13:31] {bruce} around 118 w 30 c stop vad?
[13:32] {Threei} it's gone bruce
[13:32] {Threei} no bounce to short into, and too far from there now
[13:32] {Threei} if it does go as high as 118 from here, it's a whole new setup, need to reevaluate
[13:33] {bruce} for now - but may still come back to 118
[13:33] {bruce} k
[13:33] {bruce} thanx
[13:33] {Threei} look at it this way
[13:33] {Threei} it dropped 60 cents,
[13:34] {Threei} if it can gather as much strength as needed to go all the way back, you better look again because it can be a sign of reversal
[13:34] {Threei} don't enter on price alone
[13:34] {Threei} see how it acted to get to that price
[13:35] {bruce} looks to me like its droppingin about1 buck on major breaks
[13:36] {bruce} we might still be able to short here w .70 stop
[13:38] {magoo} aapl .looks like following naz, any thoughts?
[13:39] {Threei} it does mostly but its weaker
[13:39] {Threei} I would play it on short side only
[13:43] {magoo} u reading rimm at all..maybe short
[13:44] {Threei} rather short than long, but there is no clean compelling setup
[13:45] {Threei} I don't want to fire half-baked entries at you, it's a sure way to get unnecessary stops
[13:46] {bruce} k
[13:46] {magoo} are u drinking already on this snowy wintery day?
[13:46] {Threei} snowy?
[13:46] {Threei} wintery?
[13:46] {bruce} half baked pies are no good either
[13:46] {Threei} I don't know what you are talking about
[13:46] {Threei} sun, warmth
[13:47] {bruce} was watching aapl - you didn't think the .43 break was worth a try vad?
[13:47] {bruce} sunny here too
[13:47] {Threei} I just don't like too wide stop bruce
[13:47] {Threei} there is no rsistance close enough for comfort
[13:47] {bruce} we're selling vqcation packages to sunny saskatchewan
[13:47] {bruce} k
[13:48] {magoo} blizzard here in n.e. pa
[13:48] {bruce} I saw range contraction
[13:48] {bruce} but not over very big time frame
[13:48] {Threei} yes and nearest resistance is .70, and not very pronounced
[13:49] {Threei} sorry to hear mags
[13:49] {bruce} k
[13:49] {Threei} I swear, the day I decided to move to Victoria was at par with the day I decided to leave xUSSR
[13:50] {bruce} ah - still pining away for the homeland vad?
[13:50] {Threei} bruce can have whole praries to himself
[13:50] {bruce} lol
[13:50] {bruce} already have it to myself vad
[13:51] {Threei} Praries aka Bruce's Kingdom
[13:51] {bruce} hmmm
[13:51] {bruce} nice ring to that
[13:51] {Threei} homeland... hmmm... I am afraid it would feel much more foreign to me now than any place in USA/Canada :)
[13:51] {bruce} we're surrounded by water here vad
[13:52] {bruce} the pacific and atlantic
[13:52] {bruce} Iremember you saying you liked islands
[13:52] {Threei} yup... pacific only around me
[13:52] {bruce} exactly
[13:53] {bruce} how boring
[13:53] {Threei} AAPL short maybe shapes up...
[13:53] {Threei} .50 resistance
[13:54] {Threei} if can't break it
[13:54] {Threei} hard to find trigger
[13:54] {Threei} weakness from here
[13:54] {Threei} with stop above .50
[13:55] {magoo} prob is naz move up
[13:56] {Threei} yup
[13:58] {bruce} you think crox worth ry shhort here vad? looks good but very volatile one
[13:58] {Threei} it's actaully much more tame than it used to be
[13:59] {bruce} yes - -at least todays chart is
[13:59] {Threei} and yes, looks like good short if market helps
[14:00] {Threei} AAPl worked direction wise but exact entry/stop on it was practically unreadable
[14:02] {bruce} yes - those are tough ones
[14:02] {bruce} big stops if they don't work
[14:02] {bruce} and lots of moving around til they prove themselves
[14:04] {magoo} i like amzn short....any thoughts
[14:04] {lumdus} short rimm 103.55 stop 103.83
[14:04] {dino} ueic stopped -.26
[14:05] {Threei} RIMM and AAPL are better shorts magoo
[14:06] {lumdus} let's hope rimm does it for me.
[14:08] {Threei} come on NASDAQ, rug pull time
[14:08] {Threei} there
[14:09] {lumdus} yeah, go rimm now..
[14:15] {Threei} new low AAPL
[14:15] {Threei} RIMM is still hanging for dear life
[14:16] {lumdus} it got to .82 just 1 penny from my stop.
[14:17] {dino} rimm nice gap around 98
[14:18] {lumdus} our rimm -.30
[14:18] {dino} tson
[14:19] {Threei} unreadable mess
[14:21] {magoo} tson short vad..avail
[14:22] {Threei} I see upgrade by LEH
[14:22] {Threei} anything else on it?
[14:22] {magoo} dunno
[14:22] {Threei} FED'S FISHER: FED MUST BE MINDFUL OF DUAL MANDATE, 'PERVASIVE PESSIMISM' IS INFECTING BUSINESS OUTLOOK - Q-A
[14:23] {Threei} - Says central bank must take care not to stir up inflation, noting Fed is having serious discussion regarding inflation pressures, and see rises in US inflation partly due to higher food and energy costs outside Fed control given most of inflation pressure is globally driven
[14:23] {Threei} - Sees 'economic anemia" for couple of quarters, growth risks could suffer more than expected and rate cuts take at least six months to have influence
[14:23] {Threei} - Says Fed must take care that policy action does not impact economy while preventing economy from slipping into prolonged recession and cannot help but worry about an economy that has become infected
[14:23] {Threei} - Stimulus package will be positive if enacted quickly and could also boost consumer spending while Long-term liabilities are biggest fiscal concern
[14:23] {Threei} - Says 'highly unlikely' Governor nominees to join Fed
[14:23] {Threei} - Notes it is possible for policymaker to dissent without disagreeing with policy direction
[14:23] {Chaeron} 02/21/08 04:04pm [TSON] Trans1 Inc Reports Q4 -$0.07 v -$0.12e, R $5M v $4.5Me
[14:24] {Chaeron} shoot... wrong one... sorry
[14:28] {bruce} bang chaeron
[14:28] {Chaeron} [TSON] Trans1 Inc Lehman Raised TSON to Overweight from Equal Weight
[14:28] {Chaeron} 02/21/08 04:04pm [TSON] Trans1 Inc Reports Q4 -$0.07 v -$0.12e, R $5M v $4.5Me
[14:28] {Chaeron} dang pc was frozen too
[14:28] {Threei} lol
[14:35] {lumdus} short dis 31.87
[14:38] {bruce} major support on dailys for dis lum at those levels - hope it works for you
[14:39] {bruce} ueic now dino
[14:40] {bruce} s ueic .89
[14:44] {dino} 22.89?
[14:44] {dino} 21.89}?
[14:45] {bruce} sorry - 21.89
[14:45] {bruce} wishful thinking my part
[14:51] {bruce} exited -12 c
[14:52] {Threei} let's see if last hour brings anything readable... quite useless afternoon so far
[14:53] {bruce} nic4e recovery in ofix dino - watched it but couldn't decide on an entry attempt
[14:53] {dino} phlyu
[14:54] {Threei} RIMM .20 long if stays above 104
[14:55] {Threei} target closer to .50
[14:57] {bruce} thanx vad - nice to have actual target for rimm trade
[14:58] {Chaeron} .
[14:59] {magoo} valid?
[15:00] {magoo} was out robbing bank
[15:00] {Threei} yes
[15:00] {magoo} in
[15:05] {Threei} official record:
[15:05] {Threei} this is first time in my life I fell asleep while trading RIMM
[15:05] {bruce} lol vad
[15:06] {Threei} tells you everything you need to know about today
[15:07] {magoo} not only that.one breif chance to hit .35 and down
[15:08] {magoo} can't make anything on half lot
[15:08] {lumdus} l tev 48.40
[15:08] {lumdus} teva
[15:10] {magoo} christ
[15:10] {magoo} now a loss
[15:10] {magoo} i suk
[15:10] {Chaeron} me2
[15:11] {lumdus} magoo, i suck today also - seems normal for the day.
[15:11] {magoo} i need a beer
[15:12] {lumdus} i need voda, beer wont do it today
[15:12] {magoo} not blaming u vad, it had .14 cents but sheesh
[15:12] {magoo} one second and thought lil more than that
[15:12] {Threei} oh you can blame me, I don't mind
[15:13] {lumdus} vad, you think i have shot with teva in .40
[15:13] {Threei} chart is right... the rest is in trading gods hands
[15:13] {Chaeron} we need a sacrifice?
[15:13] {Threei} I have one to offer
[15:13] * Threei slaps Laserdave1 around a bit with a large trout
[15:14] * Chaeron slaps Laserdave1 around a bit with a large trout
[15:14] {lumdus} well, you had me magoo and i am sure we can get a 3rd sacrifice.
[15:14] {lumdus} stop on tev 43.36
[15:14] {Chaeron} hmm... not working... throw them leo... he's a newguy :) teasing leo... we love ya
[15:15] {_leo1} go to hell:)
[15:15] {Chaeron} roflol
[15:16] {bruce} ueic dumped nicely
[15:16] {bruce} throw leo to the lions
[15:16] {Threei} what a bloodthristy room
[15:17] {Threei} I am canceling my membership
[15:17] {_leo1} sorry
[15:17] {bruce} opps - none here - have to settle for those german badger dog w suitcase
[15:18] {lumdus} aapl looks good for bounce .. without me but
[15:19] {Threei} not yet lum
[15:19] {Threei} but soon
[15:19] {lumdus} i am getting to tempted..
[15:19] {lumdus} maybe i wait 10 mins for this
[15:19] {Threei} one more leg down
[15:20] {lumdus} it's nice high volume on it.. wow
[15:21] {lumdus} break of 116
[15:21] {Threei} there
[15:21] {Threei} bounce time on first NQ strength
[15:21] {lumdus} i want it above 116
[15:21] {lumdus} in 116.03
[15:21] {lumdus} atop 115.87
[15:21] {Threei} .86
[15:22] {magoo} '.04
[15:22] {bruce} leco dino
[15:22] {lumdus} vad, you in ?
[15:22] {Threei} yes, and the funniest thing is,
[15:22] {Threei} my price is .035
[15:22] {Threei} just between you and magoo
[15:22] {lumdus} wow !
[15:23] {Threei} hmmm
[15:23] {lumdus} yeah, not like
[15:24] {Threei} double bottom or bust
[15:24] {magoo} christis that it?
[15:24] {lumdus} i didn't like break of 116.00
[15:24] {Threei} ok, do you like cross back?
[15:24] {lumdus} now i feel much better here we go
[15:25] {magoo} death by a thousand cuts
[15:25] {lumdus} offering to sell 116.70 ha haa
[15:25] {dino} yeah pretty much magoo 8 stops
[15:25] {Threei} finally
[15:25] {magoo} where u thinking vad..i suk'
[15:26] {Threei} thinking I am not
[15:26] {Threei} half out
[15:26] {Threei} stop to under 116
[15:26] {lumdus} chicken
[15:26] {Threei} let it trade
[15:26] {magoo} out ,26
[15:26] {magoo} ty but f
[15:26] {Threei} full?
[15:26] {lumdus} ok, i got .10 trailing stop now.
[15:27] {lumdus} out .17 + .14
[15:28] {magoo} full what?
[15:28] {Threei} who is chicken now?
[15:28] {magoo} full lot?
[15:28] {Threei} out full position?
[15:28] {lumdus} i am fried chick...
[15:28] {magoo} yes and no
[15:28] {Threei} hmmm
[15:28] {lumdus} yes, out full here.
[15:28] {Threei} you are one complicated dude
[15:29] {lumdus} actually liquidty was very good with the trade. triple lot
[15:29] {lumdus} why you say complicated ?
[15:29] {Threei} not you... magoo
[15:29] {Threei} [15:28] {magoo} yes and no
[15:29] {magoo} i went out full and reloadeedc rd two
[15:29] {Threei} oh
[15:29] {Threei} out
[15:30] {Threei} .78
[15:30] {dino} spike
[15:30] {magoo} out .71
[15:30] {Threei} now, tell me... was it good read or what about one more leg down and then reversal
[15:30] {magoo} awesome, but..........
[15:30] {Threei} always but...
[15:31] {dino} dji going green
[15:31] * magoo slaps Threei around a bit with a large trout
[15:32] {magoo} DINO, WHERES MY BREW
[15:32] {dino} lol i'm trying to hold out until 4:00
[15:33] {magoo} so what.i'm not
[15:33] {bruce} how did you pick 116 for reverse vad?
[15:33] {magoo} vad, again
[15:33] {Threei} I didn't pick price
[15:33] {Threei} it was sharp selloff that required one more step down to complete panic
[15:34] {magoo} ahhhhhhhhhhh
[15:34] {magoo} beer
[15:34] {Threei} when this step down materialized, first strength was to buy
[15:34] {Threei} cross back over 116 showed just that
[15:34] {Chaeron} nas nuts
[15:35] {Chaeron} what happened? I was away for a minute
[15:35] {lumdus} ok, now ready to short appl
[15:35] {Threei} nothing really... just market being it latest self
[15:35] {bruce} k - can't figure out how you tell how many steps of selling down
[15:35] {lumdus} shor taapl 117.93 stop 118.10
[15:35] {Threei} one more spike AAPL
[15:35] {bruce} sure was one heck of a bounce in market
[15:36] {lumdus} nah, i should be fine :)
[15:36] {magoo} good man
[15:36] {magoo} was tyhinking that
[15:36] {lumdus} i guess not, stopped .12
[15:36] {lumdus} what a spike this was .. damm
[15:36] {dino} green sheesh
[15:37] {dino} watch the dji go up to hod
[15:37] {bruce} would all that green have anything to do with auto short covering?
[15:37] {Threei} whew
[15:37] {Threei} .40 short, .95 cover
[15:38] {Threei} too fast to post
[15:38] {magoo} sh .20
[15:38] {magoo} out
[15:39] {lumdus} sh .40 stop
[15:39] {lumdus} .61
[15:40] {lumdus} i think this is called revenge trading .. so i better stop soon .. but ..
[15:40] {lumdus} common get back down little boy
[15:41] {lumdus} stop appl b/e .41 .. enough
[15:41] {lumdus} common wrong way appl
[15:42] {bruce} is there a qid long trade here vad?
[15:43] {lumdus} vad, this time i know chicken ..
[15:43] {Threei} bruce, this spike upset all patterns known to humankind
[15:43] {bruce} k
[15:43] {lumdus} yes, my quotes can't even keep up there..
[15:43] {lumdus} ok, stop 118.05
[15:44] {Threei} quotes are OK, ask if need anything
[15:44] {lumdus} stp 117.85
[15:45] {lumdus} where we at .. appl ?
[15:45] {lumdus} damm crap stuck ..
[15:45] {Threei} 117.78
[15:45] {Threei} .81
[15:45] {lumdus} my thingy triggered already
[15:45] {Threei} ok
[15:46] {lumdus} out 117.85 +..40 ?
[15:46] {Threei} lum, you are trading stocks your software can't handle
[15:46] {Threei} told you about it alreadyt
[15:46] * magoo slaps lumdus around a bit with a large trout
[15:46] {lumdus} not my software, my laptop ..
[15:46] {lumdus} oh, +.55 - good
[15:46] {magoo} dino said"u short aaple mags?"
[15:46] {bruce} put in more memory lum
[15:46] {bruce} should help
[15:47] {magoo} i said"cyber can't handle it dino" lol
[15:47] {Threei} you were lucky enough to be away on couple very active days when your brokerage experienced troubles keeping up
[15:47] {Threei} one day you won't be that lucky
[15:47] {lumdus} sh appl again 118.50 stp .61
[15:48] {lumdus} vad, i talk soon .. watching my crap here.
[15:48] {dino} lol
[15:48] {magoo} vad, got anything into bell?
[15:48] {Threei} ABK
[15:48] {Threei} MAKING SIGNIFICANT PROGRESS ON RECAPITILIZATION, ANNOUNCEMENT ON POSSIBLE BAILOUT COULD COME EARLY NEXT WEEK - CNBCS GASPARINO
[15:48] {lumdus} stop on aapl .49 break even
[15:49] {lumdus} vad, my brokerage have trailing stop, that why i like it.
[15:49] {lumdus} out aapl .19
[15:49] {bruce} sheesh vad - we just needed to hold that long in rimm a little longer
[15:49] {Threei} I suspect that was the news that propped market
[15:49] {Threei} you are very mistaken on it lum, IMO
[15:49] {lumdus} +.31 ..
[15:49] {Threei} trailing stop you apply makes no sense
[15:49] {Threei} it trails by certain amount of cents
[15:49] {Threei} this is not the way to trail it
[15:50] {Threei} stop should be trailed as and where new support levels are formed
[15:50] {lumdus} I know, but for my style , when a stock runs i don't have good control - has worked for me very well . I am not as controlled as you are.
[15:50] {Threei} not by formal amount of cents
[15:50] {Threei} the sdame way as original placement is not done by cents but by chart copnfiguration
[15:50] {lumdus} vad, yes - but think of aapl like now. I need that trailing - because it's wacky. i put it in walk away ..
[15:50] {Threei} hell
[15:51] {Threei} who walks away while trading AAPl
[15:51] {Threei} you are kidding :)
[15:51] {lumdus} i do , with trailing stop
[15:51] {Threei} what can I say
[15:51] {Threei} this is not the way to do it
[15:51] {lumdus} you see once it breaks support and start to run , i put the trailing stop and walk away.
[15:52] {Threei} you think it works because you haven't tracked it properly
[15:52] {Threei} want fresh example?
[15:52] {Threei} your trailing stop took you out of that long
[15:52] {Threei} when there was no slightest reason to exit
[15:52] {Threei} not at high, not at stop, not at sign of reversal
[15:53] {Threei} just in the middle of nowhere
[15:53] {lumdus} ok, but at least it protects me from loses. that's what i focus on.
[15:53] {Threei} [15:26] {lumdus} ok, i got .10 trailing stop now.
[15:53] {Threei} [15:27] {lumdus} out .17 + .14
[15:53] {Threei} this one
[15:54] {lumdus} right +.14 is better then negative
[15:54] {Threei} from losses - put your initial stop in if you suspect you may get overwhelmed by emotions
[15:54] {Threei} but to trail it like this is incorrect
[15:54] {Threei} no lum... sorry, this is wrong way to look at it
[15:55] {lumdus} ok, will need to redo myself here.
[15:55] {Threei} let's talk about it more next week
[15:55] {lumdus} ok.
[15:56] {lumdus} damm this market what a reversal that was
[15:56] {Threei} glad we got this trade on th last hour
[15:56] {Threei} made up for boring afternoon
[15:56] {Threei} thank you all
[15:56] {lumdus} oh yes, that was awesome finight to the wek. made up for all day
[15:56] {Threei} have a great weekend
[15:56] {lumdus} you too vad. take care
[15:56] {Threei} see you on Monday
[15:56] {bruce} rimms going up like rocket still
[15:56] {Threei} :)
[15:57] {dptl} have a good weekend all
[15:57] {dino} up 104
[15:57] {dino} 240
[15:57] {dino} +
[15:59] {magoo} hey vad..really..AWESOME read ionto bell
[15:59] {Threei} ty
[15:59] {dino} stick a fork in me.
[15:59] {magoo} i made 1k on it
[15:59] {dino} glad this week is over
[15:59] {Threei} see... trade should come to you
[15:59] {magoo} over 3 trades of course
[15:59] {Threei} perfect
[16:00] {Threei} don't force it
[16:00] {magoo} that was the yes and no
[16:00] {Threei} try to seek it actively, and you find yourself pushing it
[16:00] {Threei} wait for it to come to you, it happens naturally
- Received an order for an additional 174 Cougar Mastiff vehicles, vehicle spare parts, and field support for the UK Ministry of Defense.
[08:42] {Threei} - scheduled for completion by December 2008, with spare parts and field support coverage continuing through mid 2009.
[08:43] {Threei} this stock is neverending story of news propping it up, then decline as if all the positive effect disappears in thin air
[08:44] {cosmo} so.. they breed a dog/cat hybread?
[08:45] {Threei} no idea, I am not good at botany
[08:45] {Threei} here goes bruce telling me that botany is plants, not animals... as if there is any difference
[08:46] {cosmo} hmmm
[08:47] {cosmo} i dunno .. a couger/mastiff combination could be very effective protection...
[08:49] {cosmo} FRPT pre mkt high = 5.11 so far
[08:51] {magoo} morning
[08:51] {Threei} magoo... look what an unexpected gift we have this morning
[08:51] * Threei slaps Laserdave1 around a bit with a large trout
[08:53] * magoo slaps Laserdave1 around a bit with a large trout
[08:56] {cosmo} UNFI: United Natural Q2 profit falls; cuts FY08 EPS outlook
[08:56] {cosmo} at Reuters (Thu 6:33pm)
[08:58] {cosmo} 18.10 pre mkt high fwiw
[09:01] {bruce} sure cosmo - but a turnip mastiff combinaton?
[09:04] {Threei} or german badger-dog with suitcase
[09:06] {bruce} is that carry on protection vad?
[09:06] {Threei} no, just must look funny
[09:06] {Threei} which is an asset in and of itself in my eyes
[09:09] {esemde} good morning ladies and gentlemen of the jury.......
[09:10] {dptl} good morning all
[09:10] {bruce} for truly funny why not a parakeet / llahma cross?
[09:10] {Threei} ese, dp :)
[09:10] {bruce} now you have a bird with a big nose that spits
[09:10] {Threei} and is furry
[09:10] {Threei} I like it
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {bruce} speak of the devil - morning dino
[09:12] {dino} hmmmmm...and the devil shall appear
[09:12] {bruce} not much shakin this morning
[09:12] {bruce} cbey is down big though
[09:16] {magoo} last night bruce
[09:17] {magoo} keep in mind vad shorts today, and RIMM up pretty good if mkt goes
[09:17] {Threei} shorts? according to recent calendar, today is bull market
[09:18] {Threei} ese, look dcc please
[09:19] {dino} unfi bit of blood
[09:19] {bruce} is that from the farmers almanac vad?
[09:20] {Threei} no idea but someone somewhere obviously signed a decree that up and down days must alternate
[09:21] {bruce} got you- well that makes it easy for us then
[09:21] {Threei} yup... alliswellinlalaland one day, theskyisfalling another
[09:22] {bruce} sure - but you can get a new roof on your house from the insurance coverage on that satelite debris
[09:23] {Threei} not if I am in the house when it hits
[09:24] {Threei} which reminds me, gotta update kids info on my life insurance :)
[09:25] {lumdus} good morning all. snowing heavily in nyc
[09:25] {dino} depends on opening gap, up, end down, down end up
[09:25] {Threei} hi lum, really?
[09:25] {Threei} true dino, that's the pattern that shoqwn pretty consistently lately
[09:26] {lumdus} vad, just kidding ..
[09:27] {esemde} lum ...you from NY....I love New York!
[09:27] {lumdus} i love ny as long as i find parking
[09:27] * Threei cancels mailing skies and snow shovel to lumdus
[09:28] {_leo1} hi
[09:28] {Threei} I wanted to say I love NY but then realized that I love Manhattan
[09:28] {Threei} hi leo
[09:28] {esemde} leo
[09:28] {Threei} ese, dcc please
[09:29] {dino} lum, a yankee?
[09:29] {lumdus} yes
[09:29] {dino} onhly about 2 1/2 hours from you
[09:33] {Threei} GRMN .50 long small if holding above .30
[09:34] {Threei} still valid
[09:35] {bruce} missed it - popped
[09:35] {lumdus} hoh shoot no way with that.
[09:35] {dptl} got .54
[09:35] {Threei} no... unless entered aggressively unattainable
[09:35] {Threei} wow
[09:36] {Threei} dpt proved us wrong
[09:36] {Threei} take profit
[09:36] {bruce} congrats dp
[09:36] {dptl} out +.40 ty
[09:36] {Threei} wtg
[09:39] {bruce} you want to try grmn as pullback vad?
[09:39] {Threei} wait
[09:39] {Threei} RIMM is not dropping with NQ
[09:39] {Threei} 106.15 long
[09:39] {Threei} stop under .90
[09:40] {dino} gj dp
[09:40] {Threei} out .70
[09:40] {Threei} +.53
[09:40] {dptl} thx Dino
[09:41] {Threei} anyone caught it?
[09:41] {Threei} see big red bar 9:39 NASDAQ?
[09:41] {lumdus} s wb 32.94 stop 33.03
[09:41] {Threei} and barely couple downticks RIMM
[09:41] {bruce} too late for me vad - paased trigger when I pulled it up
[09:41] {Threei} dead giveaway
[09:42] {Threei} was available just couple cents higher for a few bruce
[09:42] {Threei} I got .18
[09:42] {dino} bby s .85, stop .17
[09:45] {bruce} cbey continues down - out +.20 quick scalp
[09:46] {dino} cov bby .61, +.24
[09:47] {Threei} keep an eye on RIMM guys, relative strength on it is remarkable
[09:47] {Threei} NQ makes new lows, RIMM retreats 20 cents
[09:47] {Threei} NQ barely bounces, RIMM makes new highs
[09:47] {bruce} I'm slow this morning dino- was looking for a stock with symbol bbys
[09:48] {Threei} any help by market, it will bust through 107 like knife
[09:48] {Threei} there
[09:48] {dino} :)
[09:48] {dino} sigm?
[09:49] {magoo} just caugty rimm
[09:49] {magoo} .70 to .09
[09:49] {magoo} to fast
[09:49] {magoo} to pout in here
[09:49] {bruce} nice mags
[09:49] {dino} why pout?
[09:50] {dino} l sigm .70
[09:50] {Threei} hopw do you like this on SIGM:
[09:50] {bruce} great exit mags - you caught exact top
[09:50] {Threei} 02/19/08 01:15am [SIGM] Baird Cuts SIGM to Neutral from Outperform, price target: $50.00
[09:52] {Threei} what's so great bruce, he sold 3 cents under high... pretty pitiful performance
[09:52] * Threei is hiding under the nearest rock
[09:52] {magoo} thats why i am poutting
[09:52] {Threei} lol
[09:52] {magoo} really fast..vad said watch it
[09:52] {magoo} i watched
[09:53] {magoo} hoit-layourt lucky
[09:53] {Threei} see, thing with stocks like RIMM
[09:53] {bruce} intu on radar dino - want to see it drop more
[09:53] {magoo} sigh..spelling
[09:53] {dino} sigm stopped -.40
[09:53] {Threei} sometimes they give you time to alert of setup coming
[09:53] {Threei} and sometimes things happen so quickly that there is no way I could type it in time,
[09:53] {Threei} so what I opt to do is
[09:54] {Threei} alert when I can
[09:54] {Threei} and give general outlook on how to play it
[09:54] {Threei} so those of you who can read and catch it could act on your own, without delay caused by my typing
[09:55] {Threei} understandably, it's not a stock for everyone
[09:55] {magoo} u like it for bounce here?
[09:55] {Threei} has quite a personality
[09:55] {Threei} sure - if NQ bounces
[09:56] {Threei} .30 is nearest support
[09:56] {Threei} not anymore
[09:56] {magoo} grmn might be short if naz retreats vad
[09:57] {Threei} I am not sure they have much correlation
[09:57] {magoo} yeah, not in chart
[09:58] {bruce} with rimm you look for a small consolidation vad - 20 c or so - then break to one side with nq also moving that way?
[09:58] {Threei} one correction bruce
[09:59] {Threei} on a day like today I will aplly that to long but not to short
[09:59] {Threei} meaning I will go with this setup on a long side, and will remain on a sideline on shoert side
[09:59] {bruce} k- cause strngth seems long for it?
[09:59] {bruce} got you
[09:59] {Threei} with such relative strength as RIMM shows short is just very labored money
[09:59] {bruce} idea is to keep small stops
[09:59] {Threei} path of least resistance is up
[10:00] {Threei} and I like easy money
[10:00] {bruce} and ready to exit on first sign of slowing on it looks like from wqtching you trade it
[10:00] {dino} bby s .94 stop hod
[10:00] {Threei} well... that's my approach since I am as risk adverse as we human beings get
[10:01] {Threei} someone with more tolerance would probably keep part for a multipoint run
[10:01] {lumdus} in ccu 31.68 stop 31.49
[10:02] {bruce} a lot of 1 min candles in it are over 60c
[10:02] {bruce} so tough to keep 20 c stops init
[10:03] {Threei} thin stock always requires some padding
[10:03] {bruce} its not thin - just real fast
[10:04] {Threei} GRMN formed quite pronounced support at 63.80
[10:04] {Threei} watching if it holds
[10:04] {Threei} nope
[10:05] {Threei} no play
[10:05] {bruce} I hate grmn - erratic as hell
[10:06] {Threei} that's what we have to play these days, normal stocks just don't move
[10:06] {Threei} keep us prisoners for hours if we venture in them
[10:06] {Threei} and for the most part stop us out eventually
[10:06] {magoo} agree vad
[10:06] {Threei} enter TIVO yesterday
[10:06] {lumdus} yeah, i am just figuring that out now.
[10:06] {Threei} it all goes in cycles
[10:07] {Threei} one day those small safe ones will start moving like their sole purpose in life is to make us as much money as possible
[10:07] {bruce} fwiw - looks like grmn may find support about.50 and bounce there
[10:08] {dino} see, gap up open
[10:08] {Chaeron} gm all
[10:08] {Threei} ch :)'
[10:09] {Chaeron} looks like a littl.e cigar butt hanging there from that smile Vad... a bit early for that no? :)
[10:09] {Threei} lol
[10:10] {Threei} AMZN starts looking interesting
[10:10] {esemde} long VCLM19.09
[10:10] {dino} bby stopped .13, -.19
[10:10] {bruce} thats what I hat4e about grmn - bounced at .50 as suspected - only moved 20c - then moved to stop and continue
[10:10] {bruce} pos
[10:11] {Threei} watching AMZN for breakout of 71.70 - 72 range
[10:12] {bruce} amzn short?
[10:12] {Threei} no
[10:12] {magoo} we are tanking ?
[10:13] {bruce} no just slummin magooski
[10:13] {magoo} amzn looks like rolling over to me {respectfully submitted}
[10:13] {magoo} maybe RIMM bounce vad
[10:13] {dino} dv l .35
[10:14] {bruce} nice entry dino
[10:14] {dino} ty waited forever
[10:14] {dino} sigm?
[10:15] {Threei} looks like short to me dino
[10:15] {magoo} RIMM vad?bounce somewhere?
[10:15] {dino} bite your toung
[10:16] {Threei} I don't have feel for it magoo
[10:17] {magoo} neither do i evidently
[10:17] {esemde} out VCLM .43 +.34
[10:17] {Threei} wtg
[10:17] {esemde} you hooked me on to it a couple of days ago
[10:18] {Chaeron} huge ese...
[10:18] {dino} gj
[10:18] {esemde} been kinda monitoring it
[10:18] {Threei} I have?
[10:18] {Threei} gosh... I don't remember it at all :)
[10:18] {esemde} RRIIGGHHTT....wink wink nudge nudge....
[10:19] {esemde} it's still goin
[10:19] {dino} risky sigm l .50
[10:26] {dino} unfi sm l .20
[10:27] {bruce} imcl looks srtong bvad
[10:28] {dino} out dv .72, +.37
[10:28] {esemde} vlcm....nice move up today ....on an iffy day for sure
[10:29] {bruce} nice dino
[10:31] {bruce} any read cbey vade - looks to me like long potential on break of .50
[10:31] {Threei} I like it bruce
[10:37] {lumdus} short ir 38.57 stop 38.67
[10:42] {Threei} beautiful read CBEY bruce
[10:42] {bruce} thanx vad
[10:42] {dino} nice one bruce
[10:42] {Threei} very clean setup
[10:45] {lumdus} ir - .11 crap
[10:46] {Threei} 1:2 CBEY
[10:47] {bruce} out cbey +.63
[10:47] {Threei} disgusting
[10:47] {Chaeron} nice bruce
[10:47] {Threei} truly disgusting
[10:47] {magoo} nice bruce
[10:47] {Threei} couple more trades like this and noone will come out and play with you
[10:48] {lumdus} very nice bruce
[10:48] {Chaeron} don't listen to Threei,,,, he's just pulling lint out of his navel
[10:48] {lumdus} awesome heads up and awesome trade
[10:48] {bruce} thanx vad
[10:48] {Threei} always :)
[10:48] {bruce} I'm worlds second worst trader- but get lucky sometimews
[10:49] * Threei is waiting to see who first takes the bait and asks bruce why second worst
[10:49] {dino} ahhh, luck
[10:50] {bruce} eternal optimism vad
[10:50] {bruce} I'm sure theres a worse one - just havne't met him yet
[10:50] {bruce} hope someone else gotcbey
[10:51] {Threei} my idea of answer to "why second/" would be: "that's how bad I am, can't even be THE worst at this"
[10:51] {bruce} lol
[10:51] {bruce} woulda said that if I'd thought of it
[10:52] {Threei} that's an old joke actually... can't claim authorship
[10:52] {bruce} possible break nvda here
[10:54] {Threei} if golding above .70, break will be valid setup on it
[10:54] {dino} pwrd
[10:56] {Threei} full point CBEY
[10:56] {Chaeron} beauty
[10:56] {dptl} out cbey +.21 on that move got it on pullback ty bruce vad:)
[10:56] {bruce} nvda invalid
[10:56] {Threei} nice dp
[10:57] {bruce} congrats dp
[10:57] {dino} ibkr l .05
[10:58] {magoo} double bottom RIMM setting up vad
[10:58] {Threei} not sujre mags
[10:58] {Threei} it lost lustre
[10:58] {Threei} can break down just the same
[10:59] {esemde} markets calm......
[10:59] {bruce} nice vad - you took full point out of it?
[10:59] {Threei} on CBEY?
[10:59] {Threei} yes
[10:59] {bruce} yes
[10:59] {bruce} wow - cool beans
[10:59] {Threei} not on full position of course, aprtialed along the road
[11:00] {bruce} k - makes sense
[11:02] {bruce} \onxx on break of .50 vad?
[11:03] {esemde} What are the chances the market will finish up today.....
[11:03] {dino} 50/50
[11:03] {esemde} hmmmmmmm
[11:03] {lumdus} in erts 49.27 sto 49.17
[11:03] {Threei} ONXX wierdly narrow today
[11:03] {Threei} not sure it's worth our time and effort
[11:03] {dino} shorts pretty good week, may cover into close
[11:04] {dino} ibkr stop to .30
[11:04] {bruce} k
[11:05] {dino} out slippage +.20
[11:09] {Threei} feels like bounce coming
[11:10] {Threei} or not
[11:10] {dino} ofix
[11:10] {Threei} short a little QID, very tight stop
[11:10] {Threei} .81
[11:11] {Threei} nope
[11:12] {lumdus} vad, talk about stocks not moving .. erts still range no movement.
[11:13] {magoo} u short qid vad?
[11:13] {Threei} stopped mags
[11:13] {lumdus} out erts -.11 crappy day
[11:14] {magoo} RIMM bounce time or is there a better trigger?
[11:14] {magoo} SHIT
[11:14] {magoo} was looking 104
[11:14] {Threei} RIMM yes, bounce but try to get in on pullback
[11:16] {Threei} shakeout QID... whimp I am
[11:16] {Threei} .76 was good entry, overtightened stop
[11:23] {Threei} CBEY worth a try for a scalp here with stop .48
[11:23] {Threei} pure risk based setup
[11:24] {dino} sm risky l ofix .85
[11:26] {magoo} what entry u get CBEY vad?
[11:26] {Threei} .54
[11:26] {magoo} .5488 here
[11:26] {Threei} no worky
[11:26] {magoo} fer
[11:26] {dino} stopped ofix .40-.45
[11:26] {magoo} now how u get out .448
[11:27] {magoo} was a blink
[11:27] {magoo} .48 im mean
[11:27] {Threei} got .43 and .45 on exit
[11:27] {magoo} ok
[11:36] {Threei} AMZN starts looking breaky
[11:36] {Threei} .91 semi-aggressive entry
[11:37] {Threei} if holding above .65
[11:40] {dino} ofix l .42 risky
[11:42] {dino} stopped done w/it
[11:45] {dino} unfi stopped .80 -.40 sm
[11:47] {bruce} sheesh ofix really dumped
[11:48] {dino} ibkr s .75, stop .03
[11:50] {bruce} aapl tanking broke 120
[11:53] {bruce} any thoughts rimmm here vad?
[11:53] {bruce} lloks like long at .50 but stop would be 30c
[11:54] {Threei} can't tell
[11:54] {Threei} things lost rythm
[11:54] {bruce} k
[11:55] {bruce} theres dance lessons for that vad
[11:56] {Threei} hmmm
[11:56] {magoo} bounce aapl vad?
[11:56] {Threei} coin toss mags
[11:56] {bruce} new reality show - dancing w magooski
[11:56] {magoo} what should i calkl then? upo or down
[11:57] {Threei} the sure bet is that coin will not hang in the air
[12:03] {dino} cov ibky .51 +.24
[12:05] {esemde} ITS!!! THE!!! WEEKEND!!!!! have a good one all see ya monday
[12:05] {Threei} take care ese, have a good one
[12:06] {dino} pwrd s .05 stop .27
[12:28] {Chaeron} .
[12:29] {dptl} Dave dcc pls
[12:29] {dino} pwrd bstop to .17, i can't even pick a short
[12:30] {bruce} ofix trying to recover some now dino
[12:31] {Chaeron} - Indices resume a downward trajectory as credit market fears continue to weigh. Major publications continue to point to signs of further deterioration in the functioning a variety of fixed income markets.
[12:31] {Chaeron} The WSJ noted that two indices that track the cost of buying insurance on bonds issued by 125 large companies have doubled since the beginning of the year, a sign that the financial squeeze that began in investments linked to subprime mortgages has spread. A separate article noted that the CMBX Index, which tracks the value of bonds backed by commercial mortgages, suggest rough waters ahead for that industry as well.
[12:32] {Threei} really
[12:32] {Chaeron} nope, not foolin'
[12:34] {dino} maybe bruce, tough one ofix
[12:38] {dino} sigm l .00, stop lod
[12:52] {Threei} yawn
[12:52] {dino} esmk
[12:55] {bruce} taking break
[12:56] {Threei} slacker
[12:56] {Threei} sit here and yawn with us
[13:05] {Threei} WHITE HOUSE: HAS 'NO CONFIDENCE' IRAN'S NUCLEAR PROGRAM IS PEACEFUL UNTIL IT MEETS ITS OBLIGATIONS
[13:07] {dino} like anybody's is strickly peaceful. issue is a joke
[13:07] {Threei} I am strictly peaceful
[13:07] {Threei} especially when my gun is loaded
[13:08] {Threei} and safety's off
[13:08] {Chaeron} lol
[13:09] {magoo} get to work would u lol
[13:10] {Threei} see, magoo ruins my extreme peacefullness
[13:11] {Chaeron} load your gun...
[13:11] {Threei} looking at OPTV with interest
[13:11] {Threei} maybe some slow accumulation starts
[13:20] {dino} ueic
[13:22] {dino} ueic s .54
[13:23] {bruce} back
[13:23] {bruce} you're right vad
[13:23] {bruce} slackers my middle name
[13:24] {Threei} I know, I wanted to claim it and found out it was taken
[13:24] {bruce} would feel guilty if I weren't following your example
[13:29] {Threei} AAPl looks like short on bounce
[13:29] {Threei} as close to 118 as can get
[13:31] {Threei} practically no bounce... .80 was the best it could do
[13:31] {bruce} around 118 w 30 c stop vad?
[13:32] {Threei} it's gone bruce
[13:32] {Threei} no bounce to short into, and too far from there now
[13:32] {Threei} if it does go as high as 118 from here, it's a whole new setup, need to reevaluate
[13:33] {bruce} for now - but may still come back to 118
[13:33] {bruce} k
[13:33] {bruce} thanx
[13:33] {Threei} look at it this way
[13:33] {Threei} it dropped 60 cents,
[13:34] {Threei} if it can gather as much strength as needed to go all the way back, you better look again because it can be a sign of reversal
[13:34] {Threei} don't enter on price alone
[13:34] {Threei} see how it acted to get to that price
[13:35] {bruce} looks to me like its droppingin about1 buck on major breaks
[13:36] {bruce} we might still be able to short here w .70 stop
[13:38] {magoo} aapl .looks like following naz, any thoughts?
[13:39] {Threei} it does mostly but its weaker
[13:39] {Threei} I would play it on short side only
[13:43] {magoo} u reading rimm at all..maybe short
[13:44] {Threei} rather short than long, but there is no clean compelling setup
[13:45] {Threei} I don't want to fire half-baked entries at you, it's a sure way to get unnecessary stops
[13:46] {bruce} k
[13:46] {magoo} are u drinking already on this snowy wintery day?
[13:46] {Threei} snowy?
[13:46] {Threei} wintery?
[13:46] {bruce} half baked pies are no good either
[13:46] {Threei} I don't know what you are talking about
[13:46] {Threei} sun, warmth
[13:47] {bruce} was watching aapl - you didn't think the .43 break was worth a try vad?
[13:47] {bruce} sunny here too
[13:47] {Threei} I just don't like too wide stop bruce
[13:47] {Threei} there is no rsistance close enough for comfort
[13:47] {bruce} we're selling vqcation packages to sunny saskatchewan
[13:47] {bruce} k
[13:48] {magoo} blizzard here in n.e. pa
[13:48] {bruce} I saw range contraction
[13:48] {bruce} but not over very big time frame
[13:48] {Threei} yes and nearest resistance is .70, and not very pronounced
[13:49] {Threei} sorry to hear mags
[13:49] {bruce} k
[13:49] {Threei} I swear, the day I decided to move to Victoria was at par with the day I decided to leave xUSSR
[13:50] {bruce} ah - still pining away for the homeland vad?
[13:50] {Threei} bruce can have whole praries to himself
[13:50] {bruce} lol
[13:50] {bruce} already have it to myself vad
[13:51] {Threei} Praries aka Bruce's Kingdom
[13:51] {bruce} hmmm
[13:51] {bruce} nice ring to that
[13:51] {Threei} homeland... hmmm... I am afraid it would feel much more foreign to me now than any place in USA/Canada :)
[13:51] {bruce} we're surrounded by water here vad
[13:52] {bruce} the pacific and atlantic
[13:52] {bruce} Iremember you saying you liked islands
[13:52] {Threei} yup... pacific only around me
[13:52] {bruce} exactly
[13:53] {bruce} how boring
[13:53] {Threei} AAPL short maybe shapes up...
[13:53] {Threei} .50 resistance
[13:54] {Threei} if can't break it
[13:54] {Threei} hard to find trigger
[13:54] {Threei} weakness from here
[13:54] {Threei} with stop above .50
[13:55] {magoo} prob is naz move up
[13:56] {Threei} yup
[13:58] {bruce} you think crox worth ry shhort here vad? looks good but very volatile one
[13:58] {Threei} it's actaully much more tame than it used to be
[13:59] {bruce} yes - -at least todays chart is
[13:59] {Threei} and yes, looks like good short if market helps
[14:00] {Threei} AAPl worked direction wise but exact entry/stop on it was practically unreadable
[14:02] {bruce} yes - those are tough ones
[14:02] {bruce} big stops if they don't work
[14:02] {bruce} and lots of moving around til they prove themselves
[14:04] {magoo} i like amzn short....any thoughts
[14:04] {lumdus} short rimm 103.55 stop 103.83
[14:04] {dino} ueic stopped -.26
[14:05] {Threei} RIMM and AAPL are better shorts magoo
[14:06] {lumdus} let's hope rimm does it for me.
[14:08] {Threei} come on NASDAQ, rug pull time
[14:08] {Threei} there
[14:09] {lumdus} yeah, go rimm now..
[14:15] {Threei} new low AAPL
[14:15] {Threei} RIMM is still hanging for dear life
[14:16] {lumdus} it got to .82 just 1 penny from my stop.
[14:17] {dino} rimm nice gap around 98
[14:18] {lumdus} our rimm -.30
[14:18] {dino} tson
[14:19] {Threei} unreadable mess
[14:21] {magoo} tson short vad..avail
[14:22] {Threei} I see upgrade by LEH
[14:22] {Threei} anything else on it?
[14:22] {magoo} dunno
[14:22] {Threei} FED'S FISHER: FED MUST BE MINDFUL OF DUAL MANDATE, 'PERVASIVE PESSIMISM' IS INFECTING BUSINESS OUTLOOK - Q-A
[14:23] {Threei} - Says central bank must take care not to stir up inflation, noting Fed is having serious discussion regarding inflation pressures, and see rises in US inflation partly due to higher food and energy costs outside Fed control given most of inflation pressure is globally driven
[14:23] {Threei} - Sees 'economic anemia" for couple of quarters, growth risks could suffer more than expected and rate cuts take at least six months to have influence
[14:23] {Threei} - Says Fed must take care that policy action does not impact economy while preventing economy from slipping into prolonged recession and cannot help but worry about an economy that has become infected
[14:23] {Threei} - Stimulus package will be positive if enacted quickly and could also boost consumer spending while Long-term liabilities are biggest fiscal concern
[14:23] {Threei} - Says 'highly unlikely' Governor nominees to join Fed
[14:23] {Threei} - Notes it is possible for policymaker to dissent without disagreeing with policy direction
[14:23] {Chaeron} 02/21/08 04:04pm [TSON] Trans1 Inc Reports Q4 -$0.07 v -$0.12e, R $5M v $4.5Me
[14:24] {Chaeron} shoot... wrong one... sorry
[14:28] {bruce} bang chaeron
[14:28] {Chaeron} [TSON] Trans1 Inc Lehman Raised TSON to Overweight from Equal Weight
[14:28] {Chaeron} 02/21/08 04:04pm [TSON] Trans1 Inc Reports Q4 -$0.07 v -$0.12e, R $5M v $4.5Me
[14:28] {Chaeron} dang pc was frozen too
[14:28] {Threei} lol
[14:35] {lumdus} short dis 31.87
[14:38] {bruce} major support on dailys for dis lum at those levels - hope it works for you
[14:39] {bruce} ueic now dino
[14:40] {bruce} s ueic .89
[14:44] {dino} 22.89?
[14:44] {dino} 21.89}?
[14:45] {bruce} sorry - 21.89
[14:45] {bruce} wishful thinking my part
[14:51] {bruce} exited -12 c
[14:52] {Threei} let's see if last hour brings anything readable... quite useless afternoon so far
[14:53] {bruce} nic4e recovery in ofix dino - watched it but couldn't decide on an entry attempt
[14:53] {dino} phlyu
[14:54] {Threei} RIMM .20 long if stays above 104
[14:55] {Threei} target closer to .50
[14:57] {bruce} thanx vad - nice to have actual target for rimm trade
[14:58] {Chaeron} .
[14:59] {magoo} valid?
[15:00] {magoo} was out robbing bank
[15:00] {Threei} yes
[15:00] {magoo} in
[15:05] {Threei} official record:
[15:05] {Threei} this is first time in my life I fell asleep while trading RIMM
[15:05] {bruce} lol vad
[15:06] {Threei} tells you everything you need to know about today
[15:07] {magoo} not only that.one breif chance to hit .35 and down
[15:08] {magoo} can't make anything on half lot
[15:08] {lumdus} l tev 48.40
[15:08] {lumdus} teva
[15:10] {magoo} christ
[15:10] {magoo} now a loss
[15:10] {magoo} i suk
[15:10] {Chaeron} me2
[15:11] {lumdus} magoo, i suck today also - seems normal for the day.
[15:11] {magoo} i need a beer
[15:12] {lumdus} i need voda, beer wont do it today
[15:12] {magoo} not blaming u vad, it had .14 cents but sheesh
[15:12] {magoo} one second and thought lil more than that
[15:12] {Threei} oh you can blame me, I don't mind
[15:13] {lumdus} vad, you think i have shot with teva in .40
[15:13] {Threei} chart is right... the rest is in trading gods hands
[15:13] {Chaeron} we need a sacrifice?
[15:13] {Threei} I have one to offer
[15:13] * Threei slaps Laserdave1 around a bit with a large trout
[15:14] * Chaeron slaps Laserdave1 around a bit with a large trout
[15:14] {lumdus} well, you had me magoo and i am sure we can get a 3rd sacrifice.
[15:14] {lumdus} stop on tev 43.36
[15:14] {Chaeron} hmm... not working... throw them leo... he's a newguy :) teasing leo... we love ya
[15:15] {_leo1} go to hell:)
[15:15] {Chaeron} roflol
[15:16] {bruce} ueic dumped nicely
[15:16] {bruce} throw leo to the lions
[15:16] {Threei} what a bloodthristy room
[15:17] {Threei} I am canceling my membership
[15:17] {_leo1} sorry
[15:17] {bruce} opps - none here - have to settle for those german badger dog w suitcase
[15:18] {lumdus} aapl looks good for bounce .. without me but
[15:19] {Threei} not yet lum
[15:19] {Threei} but soon
[15:19] {lumdus} i am getting to tempted..
[15:19] {lumdus} maybe i wait 10 mins for this
[15:19] {Threei} one more leg down
[15:20] {lumdus} it's nice high volume on it.. wow
[15:21] {lumdus} break of 116
[15:21] {Threei} there
[15:21] {Threei} bounce time on first NQ strength
[15:21] {lumdus} i want it above 116
[15:21] {lumdus} in 116.03
[15:21] {lumdus} atop 115.87
[15:21] {Threei} .86
[15:22] {magoo} '.04
[15:22] {bruce} leco dino
[15:22] {lumdus} vad, you in ?
[15:22] {Threei} yes, and the funniest thing is,
[15:22] {Threei} my price is .035
[15:22] {Threei} just between you and magoo
[15:22] {lumdus} wow !
[15:23] {Threei} hmmm
[15:23] {lumdus} yeah, not like
[15:24] {Threei} double bottom or bust
[15:24] {magoo} christis that it?
[15:24] {lumdus} i didn't like break of 116.00
[15:24] {Threei} ok, do you like cross back?
[15:24] {lumdus} now i feel much better here we go
[15:25] {magoo} death by a thousand cuts
[15:25] {lumdus} offering to sell 116.70 ha haa
[15:25] {dino} yeah pretty much magoo 8 stops
[15:25] {Threei} finally
[15:25] {magoo} where u thinking vad..i suk'
[15:26] {Threei} thinking I am not
[15:26] {Threei} half out
[15:26] {Threei} stop to under 116
[15:26] {lumdus} chicken
[15:26] {Threei} let it trade
[15:26] {magoo} out ,26
[15:26] {magoo} ty but f
[15:26] {Threei} full?
[15:26] {lumdus} ok, i got .10 trailing stop now.
[15:27] {lumdus} out .17 + .14
[15:28] {magoo} full what?
[15:28] {Threei} who is chicken now?
[15:28] {magoo} full lot?
[15:28] {Threei} out full position?
[15:28] {lumdus} i am fried chick...
[15:28] {magoo} yes and no
[15:28] {Threei} hmmm
[15:28] {lumdus} yes, out full here.
[15:28] {Threei} you are one complicated dude
[15:29] {lumdus} actually liquidty was very good with the trade. triple lot
[15:29] {lumdus} why you say complicated ?
[15:29] {Threei} not you... magoo
[15:29] {Threei} [15:28] {magoo} yes and no
[15:29] {magoo} i went out full and reloadeedc rd two
[15:29] {Threei} oh
[15:29] {Threei} out
[15:30] {Threei} .78
[15:30] {dino} spike
[15:30] {magoo} out .71
[15:30] {Threei} now, tell me... was it good read or what about one more leg down and then reversal
[15:30] {magoo} awesome, but..........
[15:30] {Threei} always but...
[15:31] {dino} dji going green
[15:31] * magoo slaps Threei around a bit with a large trout
[15:32] {magoo} DINO, WHERES MY BREW
[15:32] {dino} lol i'm trying to hold out until 4:00
[15:33] {magoo} so what.i'm not
[15:33] {bruce} how did you pick 116 for reverse vad?
[15:33] {magoo} vad, again
[15:33] {Threei} I didn't pick price
[15:33] {Threei} it was sharp selloff that required one more step down to complete panic
[15:34] {magoo} ahhhhhhhhhhh
[15:34] {magoo} beer
[15:34] {Threei} when this step down materialized, first strength was to buy
[15:34] {Threei} cross back over 116 showed just that
[15:34] {Chaeron} nas nuts
[15:35] {Chaeron} what happened? I was away for a minute
[15:35] {lumdus} ok, now ready to short appl
[15:35] {Threei} nothing really... just market being it latest self
[15:35] {bruce} k - can't figure out how you tell how many steps of selling down
[15:35] {lumdus} shor taapl 117.93 stop 118.10
[15:35] {Threei} one more spike AAPL
[15:35] {bruce} sure was one heck of a bounce in market
[15:36] {lumdus} nah, i should be fine :)
[15:36] {magoo} good man
[15:36] {magoo} was tyhinking that
[15:36] {lumdus} i guess not, stopped .12
[15:36] {lumdus} what a spike this was .. damm
[15:36] {dino} green sheesh
[15:37] {dino} watch the dji go up to hod
[15:37] {bruce} would all that green have anything to do with auto short covering?
[15:37] {Threei} whew
[15:37] {Threei} .40 short, .95 cover
[15:38] {Threei} too fast to post
[15:38] {magoo} sh .20
[15:38] {magoo} out
[15:39] {lumdus} sh .40 stop
[15:39] {lumdus} .61
[15:40] {lumdus} i think this is called revenge trading .. so i better stop soon .. but ..
[15:40] {lumdus} common get back down little boy
[15:41] {lumdus} stop appl b/e .41 .. enough
[15:41] {lumdus} common wrong way appl
[15:42] {bruce} is there a qid long trade here vad?
[15:43] {lumdus} vad, this time i know chicken ..
[15:43] {Threei} bruce, this spike upset all patterns known to humankind
[15:43] {bruce} k
[15:43] {lumdus} yes, my quotes can't even keep up there..
[15:43] {lumdus} ok, stop 118.05
[15:44] {Threei} quotes are OK, ask if need anything
[15:44] {lumdus} stp 117.85
[15:45] {lumdus} where we at .. appl ?
[15:45] {lumdus} damm crap stuck ..
[15:45] {Threei} 117.78
[15:45] {Threei} .81
[15:45] {lumdus} my thingy triggered already
[15:45] {Threei} ok
[15:46] {lumdus} out 117.85 +..40 ?
[15:46] {Threei} lum, you are trading stocks your software can't handle
[15:46] {Threei} told you about it alreadyt
[15:46] * magoo slaps lumdus around a bit with a large trout
[15:46] {lumdus} not my software, my laptop ..
[15:46] {lumdus} oh, +.55 - good
[15:46] {magoo} dino said"u short aaple mags?"
[15:46] {bruce} put in more memory lum
[15:46] {bruce} should help
[15:47] {magoo} i said"cyber can't handle it dino" lol
[15:47] {Threei} you were lucky enough to be away on couple very active days when your brokerage experienced troubles keeping up
[15:47] {Threei} one day you won't be that lucky
[15:47] {lumdus} sh appl again 118.50 stp .61
[15:48] {lumdus} vad, i talk soon .. watching my crap here.
[15:48] {dino} lol
[15:48] {magoo} vad, got anything into bell?
[15:48] {Threei} ABK
[15:48] {Threei} MAKING SIGNIFICANT PROGRESS ON RECAPITILIZATION, ANNOUNCEMENT ON POSSIBLE BAILOUT COULD COME EARLY NEXT WEEK - CNBCS GASPARINO
[15:48] {lumdus} stop on aapl .49 break even
[15:49] {lumdus} vad, my brokerage have trailing stop, that why i like it.
[15:49] {lumdus} out aapl .19
[15:49] {bruce} sheesh vad - we just needed to hold that long in rimm a little longer
[15:49] {Threei} I suspect that was the news that propped market
[15:49] {Threei} you are very mistaken on it lum, IMO
[15:49] {lumdus} +.31 ..
[15:49] {Threei} trailing stop you apply makes no sense
[15:49] {Threei} it trails by certain amount of cents
[15:49] {Threei} this is not the way to trail it
[15:50] {Threei} stop should be trailed as and where new support levels are formed
[15:50] {lumdus} I know, but for my style , when a stock runs i don't have good control - has worked for me very well . I am not as controlled as you are.
[15:50] {Threei} not by formal amount of cents
[15:50] {Threei} the sdame way as original placement is not done by cents but by chart copnfiguration
[15:50] {lumdus} vad, yes - but think of aapl like now. I need that trailing - because it's wacky. i put it in walk away ..
[15:50] {Threei} hell
[15:51] {Threei} who walks away while trading AAPl
[15:51] {Threei} you are kidding :)
[15:51] {lumdus} i do , with trailing stop
[15:51] {Threei} what can I say
[15:51] {Threei} this is not the way to do it
[15:51] {lumdus} you see once it breaks support and start to run , i put the trailing stop and walk away.
[15:52] {Threei} you think it works because you haven't tracked it properly
[15:52] {Threei} want fresh example?
[15:52] {Threei} your trailing stop took you out of that long
[15:52] {Threei} when there was no slightest reason to exit
[15:52] {Threei} not at high, not at stop, not at sign of reversal
[15:53] {Threei} just in the middle of nowhere
[15:53] {lumdus} ok, but at least it protects me from loses. that's what i focus on.
[15:53] {Threei} [15:26] {lumdus} ok, i got .10 trailing stop now.
[15:53] {Threei} [15:27] {lumdus} out .17 + .14
[15:53] {Threei} this one
[15:54] {lumdus} right +.14 is better then negative
[15:54] {Threei} from losses - put your initial stop in if you suspect you may get overwhelmed by emotions
[15:54] {Threei} but to trail it like this is incorrect
[15:54] {Threei} no lum... sorry, this is wrong way to look at it
[15:55] {lumdus} ok, will need to redo myself here.
[15:55] {Threei} let's talk about it more next week
[15:55] {lumdus} ok.
[15:56] {lumdus} damm this market what a reversal that was
[15:56] {Threei} glad we got this trade on th last hour
[15:56] {Threei} made up for boring afternoon
[15:56] {Threei} thank you all
[15:56] {lumdus} oh yes, that was awesome finight to the wek. made up for all day
[15:56] {Threei} have a great weekend
[15:56] {lumdus} you too vad. take care
[15:56] {Threei} see you on Monday
[15:56] {bruce} rimms going up like rocket still
[15:56] {Threei} :)
[15:57] {dptl} have a good weekend all
[15:57] {dino} up 104
[15:57] {dino} 240
[15:57] {dino} +
[15:59] {magoo} hey vad..really..AWESOME read ionto bell
[15:59] {Threei} ty
[15:59] {dino} stick a fork in me.
[15:59] {magoo} i made 1k on it
[15:59] {dino} glad this week is over
[15:59] {Threei} see... trade should come to you
[15:59] {magoo} over 3 trades of course
[15:59] {Threei} perfect
[16:00] {Threei} don't force it
[16:00] {magoo} that was the yes and no
[16:00] {Threei} try to seek it actively, and you find yourself pushing it
[16:00] {Threei} wait for it to come to you, it happens naturally
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