Session Start: Thu Jun 05 00:00:01 2008
[08:30] {Threei} NITIAL JOBLESS CLAIMS: 357K V 375KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.09M V 3.110ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 375K to 375K
[08:30] {Threei} - Prior Continuing Claims revised from 3.104M to 3.109M
[08:53] {esemde} morning cos hawk jm pet Vad
[08:54] {Threei} Good morning
[08:54] {peterg} mng all
[08:54] {magoo} mornink
[08:54] {Threei} peter, magoo :)
[08:54] {esemde} hey mags
[08:55] {esemde} it's anormal morning for me for a change...
[08:55] {esemde} are you coming to the Oak Bay Tea Party this weekend Vad
[08:56] {Threei} doubtful... got another guests to host from Fri to Wed
[08:56] {cosmo} tea?
[08:56] {esemde} bring the guest......
[08:56] {Threei} it's Oak Bay in Vicvtoria cosmo... more British than Britain :)
[08:57] {cosmo} so is English
[08:57] {esemde} yes ....I live behind the tweed curtain here in Victoria
[08:57] {esemde} so does Patience
[08:57] {Threei} yeah, you two are blue blood
[08:58] {fernp} good morning
[08:59] {Threei} so on our next get-together I intend to pour a litre of vodka in both of you and take pictures, to embarass royal family once again
[08:59] {Threei} fernp :)
[08:59] {Threei} and if you resist, dptl will help me hold you down
[08:59] {cosmo} hmmm... maybe 3i should run for office...
[09:00] {esemde} he would make a great canadian priminister
[09:00] {cosmo} you think?
[09:00] {Threei} Harper is doing a good enough job as far as I am concerned...
[09:01] {esemde} he's hangin in there for sure
[09:02] {Threei} waiting impatiently to see the cutlet he is going to make out of dion come next election
[09:03] {esemde} Harper should be able to get along with either Obama or or McCain(the french fry guy)
[09:03] {Threei} I still live in the past... I want Ron Paul
[09:04] {esemde} who in heck is rom Paul?
[09:04] {esemde} "Ron"
[09:04] {cosmo} old fasion Republican
[09:04] {cosmo} they cal them Libratatians these days tho
[09:05] {Threei} anyone whose platform includes "abolish the Fed, stop printing money like it's nothing" has my vote
[09:06] {cosmo} and your bar code tatoo too?
[09:06] {Threei} mine is old russian prison tradition... "won't forget my dear mother"
[09:07] {cosmo} never forget mother earth i say
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:16] {kazaam} gm
[09:16] {dino} :)
[09:16] {esemde} dino....another day another 100,000 dollars ehhhh
[09:16] {dino} in my dreams
[09:16] {Threei} kazaam :)
[09:16] {esemde} kaz
[09:17] {dino} tough match, i had to give 7 strokes guy shoots 7 over par
[09:17] {esemde} that would kill ya
[09:17] {dino} it did
[09:17] {dino} i shot 3 over and lost
[09:18] {esemde} i'm playing off a 9 these days...and these goofs i'm playing with are 18 teens and cleaning my clock
[09:19] {dino} yeah, those kids can whack a ball
[09:19] {esemde} ya out of bounds....
[09:19] {dino} i'm a 12, just played well last night (9 holes)
[09:20] {esemde} no better place to meet people but out on the links....someday dino we'll get out
[09:20] {dino} i would like that
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:23] {Threei} scroll up please, dp, you'll see what you are going to be tasked with on our next get-together
[09:23] {Threei} make sure you work out preparing for that, esemde is no slouch
[09:24] {magoo} ill start practicing more intense drinking then vad
[09:24] {dino} i will be there
[09:24] {magoo} get my stamina up
[09:24] {dino} just swing by my neighborhood magoo,
[09:25] {Threei} let me know when you can pour full glass of vodka (about 6 ounces) in your throat in one swoop and polish it off with nothing but cigarette, magoo
[09:25] {magoo} ah..cigarette is the only problem..other easy
[09:26] {magoo} u golf vad?
[09:26] {Threei} no, sorry
[09:26] {dptl} lol
[09:27] {dino} good, no lectures then, :)
[09:29] {esemde} morning dp
[09:29] {Threei} FCEL... maybe quick opening scalp
[09:31] {Threei} no clear setup
[09:32] {esemde} bstop LEH 32.47 1/2 lot
[09:33] {magoo} solars active todayt
[09:34] {Roman} 21 LLNW
[09:34] {Roman} 21 feels higher
[09:34] {Roman} 21 over $
[09:34] {Roman} 21 4
[09:35] {Threei} SOLF .95 long if stays above .80
[09:35] {dino} vrtx
[09:37] {Threei} LLNW, from daily... if takes 4, has a real shot to be a star
[09:37] {Roman} 21 long OMNI small
[09:37] {Roman} 21 6.25 area
[09:38] {Roman} 21 is SOLF still valid Vad?
[09:38] {magoo} LLNW..u waiting for pullbk?
[09:38] {esemde} long Leh .42
[09:38] {Threei} hard to tell Roman... not sure
[09:38] {Roman} 21 long SQNM
[09:38] {Roman} 21 9.33
[09:39] {magoo} in LEH w/ya ES
[09:39] {Threei} oh shh
[09:39] {Threei} missed VVUS
[09:40] {Threei} watching for possible pullback
[09:41] {Threei} SOLF setup is back
[09:41] {Threei} same condition
[09:43] {Threei} should cut through 22 like hot knife through buter
[09:43] {Threei} there
[09:43] {Threei} over 1:1
[09:43] {dptl} out .09 ty
[09:44] {Threei} welcome sir
[09:45] {Threei} CPSL 5.70 long if stays above 5.60
[09:45] {magoo} i like CSIQ here any thoughts?
[09:45] {Threei} not sure mags
[09:46] {peterg} where place stop SOLF if in at .85?
[09:46] {peterg} I wasn'
[09:46] {Threei} stop under .80, and spike over 22 was for partialing out or taking scalp
[09:48] {esemde} out flat on LEH .41
[09:48] {esemde} -.01....bouncing all over the place i don't recognize the pattern
[09:49] {magoo} if IF LEH takes .70 we get near 33
[09:49] {Threei} LEH
[09:49] {Threei} HEARING VAGUE POSITIVE CHATTER REGARDING THE COMPANY'S ABILITY TO RAISE CAPITAL
[09:49] {Threei} - rumor circulating that they have secured over $5B through an Asian financial institution
[09:49] {esemde} are you in mags
[09:49] {magoo} [09:40] {magoo} in LEH w/ya ES
[09:49] {magoo} [09:40] {Threei} oh shh
[09:50] {esemde} i'm out now mags...it's bouncing all over the place too volitile
[09:50] {esemde} i couldn't read it
[09:51] {esemde} looking good for you now though
[09:51] {magoo} actually..u had a good read
[09:51] {esemde} good on ya mags.....
[09:51] {magoo} and it didn't stop us
[09:51] {Roman} 21 out 1/2 SQNM +.18, trailing ramaining
[09:51] {magoo} should have hung in
[09:51] {Threei} TKLC
[09:52] {Threei} .50 meltdown long
[09:52] {esemde} ya....but it was that second shot down to 32.04 that threw me
[09:52] {Threei} if stays above .40
[09:52] {magoo} in CSIQ.95 goota do iyt
[09:53] {Threei} ZIXI got away too
[09:53] {Threei} I am not hunting very well today
[09:53] {fernp} PETM
[09:53] {dino} no trades yet
[09:54] {dino} missed vrtx s i wsas at 33.40
[09:54] {dino} twp, regn interesting
[09:56] {dino} magoo doing his ross perot impression
[09:56] {Threei} sorry dino... must be tough on you
[09:57] {esemde} nice one magoo LEH....looks like it's going to give 33
[09:57] {magoo} "if ya take a penny...and double...well shiiite...u up 100 percent"
[09:58] {magoo} thats ross
[10:00] {Threei} *Q1 MORTGAGE DELINQUENCIES: 6.35% V 5.82% PRIOR
[10:00] {dino} now i'm going to make magoo mad, out ma from yesterday afternoon, 301.43, +3.20
[10:01] {magoo} that does piss me off
[10:01] {magoo} he holds a nutso stox overnite..slacker goes golfing..and profits while i work 8 to 6pm everyday
[10:01] {dino} he yells it doesn't count, i say w/chuck it does
[10:02] {dino} shake 'n bake baby
[10:02] {Threei} beautiful job on SQNM Roman
[10:02] {Roman} 21 ty
[10:03] {Threei} tagging yesterday's high
[10:03] {Roman} 21 i am sitting in it
[10:03] {Roman} 21 looking for $10.5
[10:06] {Threei} TKLC merrily triggered
[10:06] {Threei} daily looks good
[10:07] {dptl} hmm...only got 100sh
[10:07] {Threei} VVUS
[10:07] {Threei} .50 break long if holding above .35
[10:08] {Threei} SQNM humming along
[10:08] {Threei} 10.50 you say Roman?
[10:08] {Roman} 21 yes, y not
[10:08] {Threei} OK... you promised
[10:08] {Roman} 21 is CPSL still valid?
[10:08] {dino} ipi l sm .40, stop .04
[10:08] {magoo} i can't take it..ill have to chase in SQNM
[10:09] {Threei} would like to see more activity in CPSL... not sure
[10:09] {esemde} mago are you still in LEH...if so ...how are you reading it now
[10:09] {magoo} it hasn;t stopped me..waiting 33.29
[10:10] {Threei} magoo? reading? dino, could you please disillusion ese?
[10:10] {magoo} stop is 31.99, entry was w/u .42
[10:10] {magoo} halfer
[10:10] {dino} ahhh, es, magoo really doesn't know how to read, he watches the colors
[10:10] {Threei} there
[10:10] {esemde} was just wondering what your seeing as opposed to me....
[10:11] {_rant} any read on SVR ?
[10:11] {_rant} down 8%
[10:11] {magoo} i see 33 as a magnate
[10:11] {Threei} strong market rant... why bother with losers?
[10:11] {magoo} on a powerful volatile stock
[10:11] {esemde} gotcha......
[10:11] {magoo} THERE
[10:11] {esemde} and there you go
[10:12] {magoo} OUT
[10:12] {magoo} .29
[10:12] {esemde} nice!!!!
[10:12] {Threei} wtg mags
[10:12] {magoo} colors work dino...don't get tpo complicated
[10:12] {dino} lol and gj
[10:12] {Threei} they sure do
[10:12] {magoo} .42 to .29 plus something good
[10:13] {magoo} look at high ES
[10:13] {magoo} .31
[10:13] {Threei} green good, red bad - all you need to know when long
[10:13] {Threei} inverse when short
[10:14] {Roman} 21 ASIA vad
[10:14] {Roman} 21 ?
[10:14] {dino} that explains alot as i'm color blind
[10:14] {Roman} 21 CSUN?
[10:14] {Threei} SQNM should penetrate 10 easily
[10:14] {magoo} thats it..in.87
[10:14] {Threei} TKLC chewed through the next resistance
[10:15] {magoo} don't want to listen to vad and roman pat each others back all day and not profit
[10:15] {Roman} 21 :)
[10:15] {dino} matk sm l .10
[10:15] {magoo} out CSIQ .15, + .20
[10:15] {Threei} TKLC over 1:1 actually... but not a scalp for me
[10:15] {Roman} 21 vad, is CSUN going to penetrade ?
[10:15] {dptl} there....out +$10 tklc....ty :)
[10:16] {Threei} can't get a feel for it Roman
[10:16] {Roman} 21 new work, penetrade
[10:16] {Threei} lol dp... don't spend it all at once
[10:16] {Roman} 21 new word that is
[10:16] {dptl} :)
[10:16] {Threei} inflation is rampant as it is
[10:16] {Threei} don't want you to add to the problem
[10:18] {dino} wtg
[10:19] {Threei} half out TKLC .72 and .71
[10:19] {Threei} stop to .49 for the balance
[10:19] {Threei} offering SQNM into spike over 10
[10:20] {_rant} YGe
[10:21] {dino} out matk .50 +.40
[10:21] {Threei} cna't stand it, out half .99
[10:22] {magoo} waiting .08'
[10:22] {dptl} ahh....got to go..have a great day everyone :) see ya tomorrow
[10:22] {Threei} ugh
[10:23] {magoo} take care do:)
[10:23] {Threei} take care dp... I knew you wanted to spend that $10 asap
[10:23] {dptl} lol
[10:23] {Roman} 21 ROYL bouncer
[10:24] {magoo} did we ever find out what SQNM does?
[10:24] {dino} later dp
[10:24] {Roman} 21 VNDA long
[10:24] {Threei} finally
[10:25] {Roman} 21 small VNDA 5.20
[10:25] {magoo} out SQNM
[10:25] {Threei} yes mags
[10:26] {magoo} lil scalp..late to pasrty but hey..picked up
[10:26] {Threei} probably due to pull back
[10:26] {Threei} you got in really late
[10:26] {Threei} so have to control risk tighter
[10:26] {magoo} right..like showiung up at frat party at midnite..meet girl...and split with her by 1 a.m
[10:27] {magoo} not my ultimate fantasy girl..but not alot of effort either
[10:27] {Threei} last time I tried to do that, my wife told me it was very impolite
[10:27] {magoo} and it worx
[10:28] {Roman} 21 CROX
[10:28] {Roman} 21 nearing yesterday's high
[10:28] {magoo} check this out..my wife was at same college as me at same time...but i had different girl friend at the time
[10:29] {Roman} 21 u went to college?
[10:29] {Roman} 21 wrong window sorry
[10:29] {magoo} oh yeah baby..6 years in fraternity
[10:30] {Roman} 21 6 years, i got masters?
[10:30] {Threei} VVUS is valid
[10:30] {magoo} no..lol
[10:31] {magoo} i tried not to let studying interfere with my education if u know what i mean
[10:31] {dino} b.s finance
[10:31] {dino} had to erase all of that to learn trading
[10:31] {dino} you know, "the efficient market" junk
[10:31] {Threei} what bs
[10:32] {Threei} invention of academics never traded single share
[10:32] {dino} bachelor of science, business finance
[10:32] {Threei} random market is another piece of crap
[10:32] {dino} agree
[10:33] {dino} every day i do what cannot be done according to old profs.
[10:33] {Threei} exactly
[10:34] {dino} alog
[10:34] {Threei} here is the summary of magoo's years in college: his comrades copulated with anything that breathed and moved; he, on another hand, never saw the necessity to limit himself so severely
[10:35] {dino} who would've thought i could make $ listening to alternative rock, while watching mtv
[10:35] {fernp} JDSU vad?
[10:36] {Threei} blast from the past
[10:36] {Threei} tempting
[10:36] {Threei} well, .51 long with .39 stop... why not
[10:36] {fernp} ok
[10:37] {Threei} sheesh, Roman is right about 10.50
[10:37] {Threei} I am out .25
[10:37] {Threei} can't take it anymore
[10:38] {Threei} marrow starts boiling in my scalper bones
[10:38] {Roman} 21 out a bit more +.89
[10:39] {Threei} VVUS
[10:39] {Threei} trrriger
[10:39] {dino} nice
[10:40] {magoo} vvus? what was trig?
[10:41] {Roman} 21 out VNDA 1/2 +.25
[10:41] {magoo} was busy looking up the word " copulated"lol
[10:41] {Threei} [10:07] {Threei} VVUS
[10:41] {Threei} [10:07] {Threei} .50 break long if holding above .35
[10:41] {Roman} 21 out 1/2 OMNI +.19
[10:41] {Threei} scorching hot Roman
[10:43] {Roman} 21 VNDA getting interesting
[10:43] {Roman} 21 volume coming in
[10:45] {Roman} 21 but to buy this on on strong pullback
[10:45] {Chaeron} good morning all... VVUS still valid?
[10:46] {Threei} hi chaeron, yes
[10:46] {Chaeron} and JDSU?
[10:46] {Threei} yes but JDSU is a very slow one, be warned
[10:46] {Roman} 21 out remaining SQNM +1.27
[10:47] {Threei} what the hell just happened on VVUS?
[10:47] {Chaeron} dang missed vvus
[10:47] {Threei} chaeron bought
[10:47] {Threei} ?
[10:47] {Threei} lol
[10:47] {Threei} I thought that was you
[10:47] {Threei} and Roman...
06[10:47] * Threei slaps Roman around a bit with a large trout
[10:48] {Roman} 21 to make u feel better i only had 300 shares left
06[10:49] * magoo slaps Roman around a bit with a large trout
[10:50] {magoo} indecent
[10:50] {Threei} totally
06[10:50] * magoo slaps kazaam around a bit with a large trout
[10:50] {Threei} even 300 shares don't make it any better
06[10:50] * magoo slaps peterg around a bit with a large trout
06[10:50] * magoo slaps _bounce around a bit with a large trout
[10:50] {Threei} uh oh
06[10:50] * magoo slaps _rant around a bit with a large trout
[10:50] {Threei} trout rage
06[10:50] * magoo slaps Threei around a bit with a large trout
06[10:50] * magoo slaps Chaeron around a bit with a large trout
06[10:50] * magoo slaps cosmo around a bit with a large trout
06[10:50] * Threei is hiding under the nearest rock
06[10:50] * magoo slaps dino around a bit with a large trout
[10:50] {kazaam} lol
06[10:50] * magoo slaps dptl around a bit with a large trout
06[10:50] * magoo slaps esemde around a bit with a large trout
06[10:50] * magoo slaps fernp around a bit with a large trout
06[10:50] * magoo slaps hawkfan4 around a bit with a large trout
[10:50] {Threei} VVUS 1:1
06[10:50] * magoo slaps jmb around a bit with a large trout
06[10:50] * magoo slaps patience around a bit with a large trout
06[10:51] * magoo slaps patience around a bit with a large trout
06[10:51] * magoo slaps patience around a bit with a large trout
[10:51] {Threei} stuck?
[10:51] {magoo} see if she is paying attention
[10:51] {Threei} out half VVUS .70
[10:51] {Chaeron} nice on VVUS... too bad I am only spectator..............
[10:51] {Threei} it was right there for you when you asked...
[10:51] {Threei} under the trigger
[10:52] {Threei} why hesitation?
[10:52] {Chaeron} looking at too much
[10:52] {Threei} stop from that entry would be lousy 121-13 cents
[10:56] {magoo} jesus..SQNM vad roman
[10:56] {Chaeron} holy cow status
[10:59] {esemde} I'm outta here all have a great day...see ya tomorrow
[11:01] {fernp} take care ese
[11:02] {Threei} bye ese
[11:03] {Threei} I want all those academics to have a look at our daily return and reiterate their "market can't be timed" thesis
[11:04] {Threei} FED'S LACKER: NO OBSERVATION OF 1970S STYLE PRICE WAGE SPIRAL DUE TO INCREASED GAS PRICES
[11:04] {Threei} - Notes some inflation expecations worsened in Feb and March, but have since stabilized, Fed's decision on rates will be data dependent
[11:04] {Threei} - Expects US growth to increase gradually in next 12 months,
[11:04] {Roman} 21 VNDA highs
[11:04] {Roman} 21 nice
[11:04] {Roman} 21 AAPL magoo,
[11:05] {magoo} l rimm here
[11:05] {Threei} - Remarks that the BSC deal did not come easily, was 'excruciating choice', other banks may seek similiar accomodation due to moral hazard affecting expectations
[11:05] {Threei} RUSSIAN PRESIDENT MEDVEDEV: FURTHER EXPANSION OF NATO WILL DAMAGE RELATIONS WITH RUSSIA
[11:05] {Threei} welcome to cold war, episode 2
[11:07] {magoo} out rimm
[11:07] {magoo} do not like charet
[11:09] {Threei} VNDA getting pewrky
[11:10] {dino} ipi stop to .60
[11:10] {dino} matk l .90
[11:10] {magoo} l aapl here
[11:11] {magoo} .65
[11:14] {magoo} out here .91
[11:14] {magoo} +.36
[11:14] {Threei} wtg
[11:14] {Threei} wastchng SQNM for possible short setup
[11:15] {magoo} avail?
[11:15] {Threei} yes
[11:15] {Threei} keep it to half lot
[11:15] {magoo} risky..but back in RIMM l
[11:15] {magoo} .25
[11:15] {dino} matk stop to .20 ipi to .70
[11:17] {Threei} typed "11 loss trigger" and was a bit late...
[11:17] {Threei} if bounces into 11 and can't break it, short with 11.10 strop
[11:19] {Threei} FED'S KOHN: IF HOME PRICES CONTINUE TO DROP, LOAN DEFAULTS ARE LIKELY TO INCREASE
[11:20] {Threei} deep
[11:20] {Threei} and if oil continues to increase, planes are going to start dropping from the sky
[11:20] {magoo} RIMM should go here
[11:20] {Threei} there... I can do it as well
[11:21] {magoo} u like flying vad?
[11:21] {Threei} used to
[11:21] {magoo} same here..no more
[11:21] {Threei} not now with all the security
[11:22] {Roman} 21 long ACPW off 1.60
[11:26] {Roman} 21 NVLS spike down
[11:31] {Threei} OPEC EXPORTS TO REACH HIGHEST LEVEL OF 2008 BY LATER THIS MONTH - TANKER TRACKER SERVICE
[11:32] {magoo} l aapl .10
[11:34] {Threei} US CONGRESSMAN: PROBE HAS UNCOVERED OIL MARKET MANIPULATION
[11:35] {Threei} yes... let's start witch hunt
[11:35] {Chaeron} which Congressman?
[11:36] {Threei} doesn't say
[11:36] {Threei} I'd like to know their definition of the word manipulation
[11:37] {magoo} wait .61 rimm
[11:40] {magoo} waiting .42 aapl
[11:41] {magoo} OUT +.32
[11:41] {magoo} TY vad
[11:41] {Threei} hmm?
[11:41] {magoo} aapl
[11:41] {Threei} I never called it
[11:42] {magoo} oh..that was mine
[11:42] {Threei} I'll take the credit if you insist
[11:42] {Threei} but just want to keep record straight :)
[11:42] {magoo} [11:33] {magoo} l aapl .10
[11:43] {magoo} in it so so long forgot who called it
[11:43] {Threei} market got locked into tight range
[11:43] {Threei} sitting on a sideline so far
[11:43] {Threei} morning was pure beaurty
[11:43] {Threei} -r
[11:45] {magoo} greed not selling rimm .61
[11:46] {magoo} bvutv if IF someone with me.....u should
[11:47] {kazaam} when looking over your old videos i noticed sometimes you guys would reference the Nasdaq futures moving higher as a good confirmation to a trigger
[11:47] {magoo} anyone go with me?
[11:47] {kazaam} if the nq is trending higher would you take a short?
[11:48] {magoo} i usually won't
[11:48] {Threei} depends kaz
[11:48] {Threei} usually not but there are salmons
[11:48] {Threei} stocks that swim against the current
[11:48] {Threei} imagine a stock that consolidates near the low while NQ moves higher
[11:49] {Threei} it's likely to break down as NQ pulls back
[11:49] {kazaam} gotcha
[11:53] {Threei} have a look at BEAV
[11:53] {Threei} consolidation near 29.50
[11:53] {Threei} NQ pulled back slightly over last 5 min, look how BEAV broke down
[11:54] {magoo} out RIMM .40, dummy
[11:54] {kazaam} i c
[11:54] {magoo} + .15
[12:00] {Threei} FED'S PLOSSER: FED MUST COMMIT TO ACT IN SYSTEMATIC WAY, EFFORTS TO CALM MARKETS MAY INCREASE RISKS
[12:01] {Threei} wow... some of them get it... or, some of them say it as it is
[12:15] {_bounce} Were the trades you called today pulled from your scanner Vad?
[12:16] {Threei} most yes
[12:16] {Threei} some were simply from watching active stocks
[12:16] {_bounce} Thanks
[12:16] {Threei} like VVUS, that was on radar from yesterday
[12:22] {kazaam} are you filtering through trades and stocks constantly or do you find a small group and just work within that small group?
[12:22] {Roman} 21 CSUN and other solars on radar
[12:22] {Threei} nope, whole market
[12:26] {Threei} MBI
[12:26] {Threei} CEO DISCLOSES BUY OF 159K SHARES AT $5.91/SHR
[12:27] {Threei} he is up 4 cents
[12:27] {Threei} one necessary addition kaz,
[12:27] {Chaeron} sell!!!
[12:28] {Threei} I will pay more attention to those that belong to the hot sectors
[12:28] {Threei} even though I scan for all of them
[12:28] {Threei} you could see us focusing on solars, or oil services
[12:28] {Threei} or financials
[12:29] {kazaam} gotcha
[12:30] {Threei} also, there is way to find next candidate by going off sympathy concept
[12:30] {kazaam} sympathy? correlation by sector?
[12:30] {Threei} if one of solar leaders show active movement, it's reasonable to starty looking through the sector
[12:31] {Threei} and find those that move in unison
[12:31] {Threei} with idea to use the delay for early entry
[12:31] {Threei} snake principle
[12:31] {kazaam} oh i see
[12:31] {Threei} tail goes where head does
[12:35] {Threei} ok QTWW
[12:35] {hawkfan4} i trade STP off of FSLR all the time
[12:36] {Threei} sheesh... I didn't sell all that much
[12:37] {kazaam} is the move of FSLR the trigger for STP or do you also look for some other confirmation?
[12:37] {Threei} anyway, out 2K more at .93
[12:37] {Threei} 1K left
[12:37] {Chaeron} then we short??? :)
[12:37] {Threei} hmmm
[12:38] {Threei} it's not even available :)
[12:38] {hawkfan4} other factors, watch the whole sector...you have to watch them for a while to get a feel for how the relate
[12:39] {hawkfan4} the=they
[12:39] {kazaam} gotcha
[12:53] {dino} fast drop ipi
[13:01] {dino} matk sm l .40
[13:17] {magoo} .
[13:17] {Threei} very fine point
[13:29] {dino} out matk .50 +.10
[13:31] {Threei} amazing how market died completely
[13:33] {magoo} or are u sleeping?
[13:33] {Threei} that too
[13:34] {Threei} but it never impacted my trading before
[13:34] {Threei} you don't seriously think I trade being awake, do you
[13:40] {Threei} what's with CBAK
[13:40] {Threei} no news
[13:43] {Threei} FED'S PLOSSER: 'TYPICALLY WE DO NOT INTERVENE' ON CURRENCIES; A DECISION ON INTERVENTION WOULD COME FROM THE US TREASURY; REGULATORY REFORM SHOULD NOT INTERFERE WITH ACCESS TO CREDIT AND INNOVATION IN REFORM - Q&A
[13:43] {Threei} - Bad regulations risk setting up the next crisis.
[13:43] {dino} cbak, insider buy 1,080,000
[13:44] {Threei} ty
[13:44] {dino} whats w/oyog last two days
[13:45] {dino} grmn fast drop
[13:50] {Threei} 11 loss is another short try SQNM
[13:50] {Threei} 11.15 stop
[13:53] {kazaam} why short on SQNM?
[13:53] {kazaam} is 11 critical support?
[13:54] {Threei} lower high, market running out of steam, volume dries up on advances
[13:54] {kazaam} awwww volume
[13:54] {dino} sm s vrtx .49
[13:54] {Threei} first run topped out at 11.25
[13:55] {Threei} this one at 11.14
[13:55] {Chaeron} I'm in... if that makes a diff magoo :)
[13:55] {Threei} fair chance of reversal for the stock that traded under 8 just two days ago
[13:55] {Chaeron} 11.00
[13:56] {Threei} and with 15 cents stop... honestly, I'll take almost any trade that makes any kind of sense :)
[13:57] {Threei} dino... I just figured out why GRMN dropped
[13:57] {Threei} gasolin going up, driving is way down, and he {G}who doesn't drive has no need in GPS
[13:57] {dino} lol
[13:58] {Chaeron} that's logical :)
[13:58] {Threei} I am king of logic
[13:58] {dino} you are all knowing
[13:58] {Threei} I was barely 5 when I figured out that if tree good then fire bad
[13:59] {Threei} now, less brillinat part is, this philosophy stayed with me ever since
[14:00] {magoo} im confused
[14:00] {Threei} welcome to my normal state
[14:00] {magoo} i thought normal state for u was sleep?
[14:01] {Threei} why do you think I like GRMN so much?
[14:01] {Threei} SQNM under 1:1
[14:01] {Chaeron} 1:1
[14:01] {Threei} like shooting fish in a barrel
[14:01] {Chaeron} sorry Threei, thought you were bantering with magoo
[14:01] {Threei} I am good at multitasking
[14:01] {Chaeron} hit it over head to go under .70 and we can move on please?
[14:02] {Threei} which explains why I can successfully combine being confused and sleeping at the same time
[14:02] {Threei} does it answer it mags?? :)
[14:04] {magoo} OY:)
[14:05] {Chaeron} mkt airpocket
[14:05] {Threei} come on, admit it: sleeping, being confused and having 5 years old outlook on life constitutes very good multitasking
[14:06] {Chaeron} or just ADD :))
[14:06] {magoo} but u are confusing someone who took 6 years to complete 4 year college curriculame
[14:06] {Chaeron} "lame"? heh
[14:06] {Threei} freudian slip?
[14:06] {dino} what are you guys yapping about? confusing me
[14:07] {Threei} rofl
[14:07] {Threei} good one dino
[14:07] {dino} hate to do it but......................dieeeeeeeeeeeeeeeeeeeeeeeb vrtx
[14:07] {Threei} too bad esemde and bruce are not here... they would have enjoyed this immensely
[14:07] {Chaeron} cmon SQNM give it up.... folllow the market, will ya?
[14:08] {Threei} just play it by the book chaeron
[14:08] {Threei} 1;1, half out, trail balance
[14:08] {Threei} no need to invent wheel
[14:08] {Chaeron} yeah yeah... I want to go to the bathroom...
[14:08] {Threei} so?
[14:08] {Threei} set stop
[14:09] {Chaeron} noooo
[14:09] {dino} lol
[14:09] {Threei} well, if your bladder sues you for cruel and unusual punishment...
[14:10] {magoo} are u don't edit any of this crap??
[14:11] {magoo} although to edit crap would be like 75%
[14:11] {Threei} nope
[14:12] {Threei} I'll leave it for ese and bruce to read
[14:12] {Threei} I am too lazy to track down all the crap
[14:13] {dino} are you still talking about chaer's bathroom
[14:13] {Threei} lol
[14:21] {Chaeron} man... marlet not sucking SQNM with it
[14:21] {Chaeron} can't you tell I gotta go bad?
[14:22] {magoo} crap..i was looking at wrong stock lol
[14:22] {Threei} rofl
[14:22] {magoo} staring at aapl..not in it
[14:25] {Threei} S&P CUTS ABK, MBI FINANCIAL STRENGTH RATINGS TO AA FROM AAA; ON WATCH NEGATIVE
[14:25] {Roman} 21 long SOLF small?
[14:25] {Roman} 21 took some
[14:25] {Roman} 21 21.87
[14:25] {Threei} with stop under .80?
[14:26] {Roman} 21 yeah, tight
[14:34] {kazaam} as i am learning i dont know if i want to pay 150 a month for laser, would you guys suggest I just use mbtrading until I develop a profitable method?
[14:35] {Chaeron} where's Dave????
[14:36] {dino} dk kaz...i'm w/schwab/stsmartpro/cyber
[14:36] {dino} charts free
[14:36] {Roman} 21 FCEL long setup
[14:36] {Roman} 21 spike
[14:36] {Roman} 21 looking good
[14:36] {Roman} 21 hate to chase
[14:37] {Threei} kazaam, dcc
[14:43] {Threei} IVAN
[14:43] {Threei} 52 week high
[14:44] {Threei} broke important resistance at 3
[14:46] {Chaeron} SQNMstopped
[14:46] {Chaeron} -.17
[14:47] {Threei} you didn't trail it?
[14:47] {Chaeron} didn't see that
[14:47] {Chaeron} too busy dancing...
[14:48] {dino} lol
[14:49] {Threei} [14:08] {Threei} just play it by the book chaeron
[14:49] {Threei} [14:08] {Threei} 1;1, half out, trail balance
[14:49] {Threei} [14:08] {Threei} no need to invent wheel
[14:50] {Chaeron} ok, ok, can I go now???
[14:52] {dino} please
[14:59] {Roman} 21 out 1/2 SOLF +.27
[15:00] {dino} gj
[15:00] {magoo} nice rfr
[15:00] {Roman} 21 ty
[15:00] {Roman} 21 markets helped
[15:05] {peterg} Am about to install intelliscan, and I figure I will be so overwhelmed with information I won't be able to think for weeks. Thoughts?
[15:06] {magoo} huh?
[15:06] {Threei} I am overwhelemed by the very attempt to think
[15:06] {magoo} i gotta pee sooooooo bad now
[15:06] {peterg} Heck, I can't even make a decfision anyway.
[15:06] {peterg} Do it.
[15:06] {dino} esmk
[15:06] {magoo} just DO IT...we all did
[15:06] {peterg} OK
[15:06] {Threei} I didn't
[15:09] {magoo} i really gotta go
[15:12] {Threei} what now?
[15:12] {magoo} in RIMM olong
[15:12] {Threei} where did all this happiness come from?
[15:12] {magoo} havre to pee BBBBBAAAAAAAAAAADDDDDDDDDDD
[15:13] {Threei} a bit more information than we needed
[15:13] {Threei} especialy considering that we are overwhelmed by information as it is
[15:13] {magoo} the position info??
[15:16] {Threei} look at LEH
[15:26] {dino} vrtx bstop to .40 won't move
[15:29] {dino} cov +.10
[15:32] {magoo} news RIMM vad?
[15:32] {Threei} nope
[15:32] {magoo} jes..it tanked
[15:32] {Threei} ABK
[15:32] {Threei} SAYS IT DISAGREES WITH YESTERDAY'S RATINGS ACTION BY S&P
[15:32] {Threei} - says it has substantial excess capital available under both Moody's and S&P's capital models
[15:33] {dino} cvat fight
[15:33] {dino} cat
[15:34] {Threei} more like class geek objecting while being beat up by school bully
[15:35] {Threei} you hit me in the eye? I disagree with your action
[15:36] {Threei} so, how likely is it IVAN gaps up tomorrow morning?
[15:37] {Threei} not taking it home for the following reason:
[15:37] {Threei} it's a very thick stock, moves very slowly, and even if it gaps, it's likely to give a lot of entry opportunities
[15:37] {Threei} so why take additional risk
[15:46] {Threei} interesting day
[15:46] {Threei} very active in the morning
[15:47] {Threei} pause later in the day, still holding near the high,
[15:47] {Threei} and look where this high is:
[15:47] {Threei} NASDAQ high from previous rally
[15:47] {Threei} 05/19
[15:48] {dino} hmmm
[15:48] {Threei} horisontal support at 1945 - 1950 held,
[15:48] {Threei} we hit highs again
[15:48] {Threei} LEH seems to be supported
[15:48] {Threei} ABK and MBI too
[15:49] {Threei} we may be looking at new phase of bull move, however improbable it sounds
[15:49] {cosmo} sounds reasonable
[15:50] {dino} matk l .20
[15:50] {Threei} improbale to such degree that it becomes reasonable
[15:50] {Threei} I like the sound of it
[15:50] {magoo} what would hurt the most?bear or bull
[15:52] {dino} stop to .30
[15:52] {dino} out +.10
[15:52] {dino} calling it a day, thx all, good one
[15:53] {Threei} mags,
[15:53] {Threei} problem is
[15:53] {Threei} market is very sensitive to any kind of news
[15:53] {Threei} any projection can get shuttered in minutes
[15:53] {Threei} so... I am just playing it by ear
[15:53] {Threei} keeping an eye on big pocture to have some kind of framework
[15:55] {cosmo} maybe see a doctor...
[15:55] {Threei} OK guys, thank you all
[15:55] {Threei} have a great evening
[15:55] {Threei} see you tomorrow
[15:55] {kazaam} adios everybody
[15:56] {magoo} TY vad everyone
Thursday, June 5, 2008
Wednesday, June 4, 2008
Session Time: Jun 04 2008
4:33 PM 6/4/2008
Session Time: Wed Jun 04 00:00:00 2008
{Threei} Q1 FINAL NONFARM PRODUCTIVITY: 2.6% V 2.5%E;
{Threei} UNIT LABOR COSTS: 2.2% V 2.0%E
{Threei} sold balance of OMNI at 6.95, ROYL's gapping down
{Threei} missed 7, so took next best thing
{peterg} gm--had to use numbers to get in
{Threei} good morning
{Threei} really?
{peterg} xxxx7044
{Threei} hmmm... shouldn't be that way
{peterg} got in yesterday
{peterg} without effort
{peterg} shall i try again?
{Threei} nah... let's wait what others report
{peterg} k
{Threei} if it's widespread, problem reappeared
{Threei} if they are fine, it could be that your particular ISP needs to update DNS records
{Threei} which means just wait
{magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} good morning to you too mags
{Threei} how did you connect?
{magoo} easily connected
{magoo} LEH very active
{Threei} ok, ty
{Threei} yeah... in such cases bad news tend to pile up
{Threei} but I have to say, this case is not clear cut
{magoo} two thoughts...some people are thinking it can go to single digits like BEAR
{Threei} all the eery resemblances to BSC are there,
{magoo} and other thougfht is thats too easy...mkt never makes it easy
{Threei} but to say honestly, I have hard time to see similar outcome
{Threei} exactly
{Threei} obviously there are a lot of troubles
{Threei} but, unlike in BSC case,
{Threei} market is so eager to look for any positive
{magoo} shorts may get killed just to kill them
{Threei} that slightest hint that troubles are not that deep as Bear's can skyrocket the stock
{magoo} rarely get repeat scenario in market
{magoo} thats why its so hard
{Threei} I strongly disagree but not because I have any reasonable argument... I just like to disagree {G}
{peterg} The disagreement heightens the pleasure of the assertion
{Threei} that's deep
{Threei} I'd say I need a week to ponder this
{peterg} thats my problem
{Threei} see you all next Wed
{magoo} man..IDEV cut in half
{Threei} FDA troubles
{magoo} my entire watch list RED except QID{and i know why qid up before u go into 5 paragraphs explanation vasd lol}
{Threei} sigh
{Threei} OMNI is up, allow me to say
{Threei} and that was my chosen gapper
{magoo} not on my list lol
{Threei} you may want to watch another list {GGG}
{Threei} reminds me an old Soviet joke about a guy who tried to obtain permission to immigrate
{Threei} KGB agent tasked with convincing those who wanted to leave to reconsider
{Threei} started showing him a globe
{Threei} commenting how bad it was in this country, in that country
{Threei} guy listened, then asked
{Threei} sorry... may I have some other globe?
{Threei} SAUDI ARABIA RAISES PRICES FOR ALL GRADES OF CRUDE TO US BUYERS; US OIL PRICE TO RISE TO $3.85/BBL IN JULY
{Threei} - raises light and extra light prices to Asia in July
{Threei} why did I sell OMNI?
{pita} gm
{Threei} pita :)
{Threei} LIVE
{Threei} BECOMES AUTHORIZED RESELLER OF GOOGLE ADWORDS
{Threei} As a Google AdWords Authorized Reseller, LiveDeal's dedicated direct sales force will encourage local businesses to use AdWords online advertising as a cost effective, efficient way to find and target new customers.
{Threei} - Financial terms were not disclosed.
{Threei} lovely OMNI
{cosmo} TIBX might heal
{cosmo} 7.18 high so far
{Threei} 06/03/08 05:00pm [TIBX] Guides Q2 EPS $0.05-0.06 v $0.08e, R $147-149M v $153.6Me
{dptl} good morning all
{fernp} good morning
{Threei} dp, fern :)
{Chaeron} good morning everyone
{Threei} chaeron :)
{Chaeron} QTWW nice premarket...
{Threei} yes but as we saw yesterday it's not immune to market movement
{Threei} thinking of taking our that half I rebought yesterday
{Threei} kind of "trading around core position"
{Threei} also known to scalping course owners as umbrella concept
{Threei} OMNI is a bittersweet for me
{Threei} sweet part is, nice to know I can pick a gapper in this market
{Threei} bitter is of course selling too soon, lol
{magoo} i think u are getting alhiemers ed..u are fixating on a single stock all day..yesterday it was QTWW
{Threei} unless you totally tune out LEH
{magoo} i did yesterday{and it cost me}
{Threei} there... tune me out at your own peril
{Threei} luckily you decided to listen when I talked about ROYL :)
{Threei} which btw disproves completely your theory about me and single stock
{magoo} what are we debating again?i forget
{Threei} who are you?
{dino} gm all
{Threei} dino :)
{Chaeron} heya dino :)
{dino} :)
{Threei} MER
{Threei} CHIEF US STRATEGIST BERNSTEIN: SEES MASSIVE CONSOLIDATION IN THE FINANCIAL SECTOR
{Threei} are they getting ready to buy LEH? :)
{dino} indeed, sounds like the vultures are circling
{dino} no offense raven
{Threei} lol
{_osbo} HI
{Threei} big bird is on two-weeks vacation
{Threei} osbo :)
{dino} whew, was worried
{Chaeron} good luck to all...
{magoo} LEH lv 2 nuts
{Roman} 21 SQNM
{Roman} 21 watch, coulbe be aiming for 9.25
{Threei} had news
{Threei} 04:01am [SQNM] Announces positive results from screening studies using the Company's noninvasive circulating cell-free fetal nucleic acid SEQureDx(TM) Technology
{Threei} CSUN
{Threei} .90 long
{Threei} if stays above .75
{dino} amwd
{dino} darn can't borrow
{Threei} missed first SQNM spike
{Threei} will try .87, if that big offer gets taken at .86
{dino} funny i wanted s at .64
{dino} 9 that is
{dino} sm ipi l .70
{Roman} 21 WB
{Roman} 21 missed 22.15
{dptl} l csun ,92
{Threei} SQNM stop .79
{magoo} watching aapl for bounce
{magoo} depends on mkt obviously
{Threei} half out SQNM 9.05
{_rant} ppo ?
{Threei} nasty spread jumps
{dino} ptek
{Threei} SQNM stop to .84 for the balance
{Threei} CSUN stopped
{dptl} stopped
{Roman} 21 ASIA vad
{Threei} again?
{Threei} didn't it torment us enough yesterday only to be stopped? :)
{dino} kop, bobe
{magoo} l aapl .95
{_rant} ppo went flying
{magoo} out .40 +.45
{Threei} STKL
{Threei} half lot .20 break long
{Chaeron} nice hit magoo
{magoo} ty, anyone go?
{Threei} 6.95 stop
{magoo} straight up from entryu
{magoo} in stkl .19
{Threei} AKAM .31 long
{Threei} .19 stop
{Threei} let's disregard AKAM, too close to oil numbers
{Threei} don't want to get caught into knee-jerk reaction
{Chaeron} aarrrrrrrrgg... was waiting like a cheetah about to pounce
{Threei} if logic has any place, oil inventory numbers should be great
{magoo} yeah..was using vads finger trick..holding button already pressed
{Chaeron} logic?
{Threei} but since when logic has anything to do with market
{magoo} oh dammit, filled when took finger off to type he he
{Threei} lol
{dino} bobe s .74 sm
{Chaeron} what time #s?
{magoo} 10:30
{dino} ipi stop to .83
{Threei} thing went in anticipation
{Threei} last week numbers were very low because of some port delays
{Threei} providing delays were dealt with, build-up should be significant
{Threei} that's the logic I was referring to earlier
{dino} kop s sm .40
{Threei} frikin AKAM :)
{Chaeron} nice call AKAM
{Chaeron} good for you magoo
{magoo} i really filled vad...29 no shit
{Threei} cool, take profit
{magoo} oh ok..out .57 he he seriously
{magoo} TY
{magoo} i guess
{Threei} welcome
{magoo} gotta work on that finger trick more i guess
{Threei} lol
{Chaeron} yeah... keep practicing... become rich while you practice
{magoo} ok the plan chaer..i gonna go push buitton on rimm..then u ask m,e a questuion...ill let off to type and fill..then profit
{Roman} 21 WB
{Roman} 21 long
{Chaeron} lol
{Roman} 21 21.85 stop 21.69
{dino} bobe bstop is .02,
{dino} ipi to .98
{dino} out ipi .04 +.34
{dino} bobe stopped -.28
{Chaeron} .
{Threei} no numbers still
{kazaam} are crude numbers going to determind the break for S&P resistance?
{kazaam} of
{Threei} who knows
{Threei} don't try to predict
{Threei} it's a suckers game
{magoo} hey kazaam..u lost your "_"
{Threei} market strives on taking money from those who think they can analyze and predict how it reacts
{Threei} yes... welcome aboard kazaam
{magoo} welcome bro
{Threei} LOOMIS SAYLES VICE CHMN: BUYING LEH DEBT IN LAST SEVERAL DAYS
{kazaam} indeed, I am now a citizen of the reality trader chat room
{Threei} DOE CRUDE: -4.8M V +1ME;
{Threei} yikes
{magoo} to a profittable...yet speklling challenged existance
{Chaeron} great kazaam
{Roman} 21 :)
{Threei} where is that expected buildup
{Chaeron} "market strives on taking money from those who think they can analyze and predict how it reacts"
{Threei} GASOLINE: +2.9M V +1ME; DISTILLATES: +2.2M V +1.5ME; UTILIZATION: 89.7% V 88.4%E
{Threei} market confused badly
{magoo} theres buildup
{Threei} it's looking around and whistling sheepishly "do I come or do I go"
{magoo} i'm confused badly
{Threei} me too but I don't notice it since it's my usual state
{Threei} oil under 124
{Chaeron} $4.89/gal here for premium tho...
{Threei} oil goes up, price tag on gas station pops the same day
{Threei} oil drops, price tag somehow isn't in hurry
{Roman} 21 out 1/2 +.25
{Roman} 21 WB
{dino} bkop stopped
{dptl} stkl stop still the same .95?
{Threei} trail it now as it made nee high
{Threei} 7.05
{dptl} ok ty
{Threei} it's a bit abnormally volatile
{Threei} so I am careful not to overtighten it
{magoo} AKAM going over 39 imo
{Threei} look at LEH
{Threei} was I right to be hesitant on shorting it today or what
{Threei} OK STKL
{magoo} congrats
{Threei} ugh, retreated from spike before gave exit chance
{Threei} have to have offer laid out
{dptl} yeah...still in
{dptl} offering .40 now
{dino} amed l sm .95
{Threei} LEH lullback into support
{magoo} lost support right?
{Threei} .50 yes, next 31
{Threei} not sure it's going to go there
{Threei} crossback over .50 probably worth a first try
{Threei} stop under .30
{magoo} next support 31
{Threei} dp, out yet?
{Threei} .40 is getting hit
{dptl} out .40 stlk ty
{Threei} welcome
{magoo} im in stkl too boss
{magoo} wait .49
{Threei} may I suggest half out?
{Threei} OK
{magoo} out full TY
{Threei} welcome sir
{Threei} wasn't the easiest of trades but worked nicely
{Threei} jeez
{Threei} what happened on LEH?
{magoo} i know
{Threei} OMG
{magoo} thought leh was in trouble
{Threei} you are not going to believe this
{Threei} HEARING UPGRADED AT MERRILL LYNCH
{Chaeron} I so missed that one
{Threei} remember from a day ago
{Threei} LEH defended MER,
{Threei} I said now when MER defends LEH I'll have seen it all
{magoo} seems like conflict of interestthose two
{Threei} there you go, took just one day
{magoo} man that sux....nothing left to see anymore
{Threei} yes
{Threei} I am retreating to a cave
{dino} or maybe mer just bought aslot of leh at 28
{Threei} high up in mountains
{Threei} going to do intense navel-dazing
{Threei} gazing
{kazaam} hopefully that cave has wireless
{hawkfan4} 11:10 Hearing LEH upgraded 15 seconds after hawk sells it for a small loss
{Threei} no... I am going to order beer using smoke signals
{Threei} just one of those cases hawk... can just shrug
{hawkfan4} lol, i know, was unreal
{Roman} 21 out remaining WB +.52
{kazaam} wb
{Threei} there is even price target
{Threei} PRICE TARGET REMAINS $37
{Threei} so, I take it MER is not buyng LEH out
{Threei} STKL takes .50
{Threei} anyone is still in, offer into spike
{dino} ccoi
{Threei} out in full .60
{dino} ccoi sm l .00
{_rant} looking weak
{_rant} not much buying
{_rant} ok some buyin no
{_rant} now
{_rant} good entry 14.15 ?
{dino} lol
{_rant} :)
{dino} remember rant .6666\
{_rant} ?
{dino} my hit ratio
{_rant} ah nice
{dino} not all will work, play the odds
{_rant} what is your search criteria
{dino} whre too .75?
{_rant} sweet
{dino} i like 2 buck fast drops or pops
{_rant} .42 in no time
{magoo} your hit number is also the devils number..that concerns me
{dino} then go other way
{dptl} grabed+.27 ccoi ty dino
{magoo} see my hit number isn't ...it a solid .67
{Roman} 21 watching JASO for short on 20.25 breakdown
{dino} gj dp
{dino} perhaps i expect too much at .75
{dptl} well...you'll know after ....:)
{dino} :)
{magoo} sh rimm small here .20
{dino} sm last try kop s .38 risky, jumpy
{dptl} tibx?
{Threei} tough one dp... don't know
{dptl} ok ty
{Roman} 21 FRPT long setup, slow one
{Roman} 21 4.18
{dino} kop bstop is .56
{Threei} what's with HIMX?
{Chaeron} I see no news
{dino} nothing
{judijim} hello everyone
{Threei} jj :)
{magoo} out rimm 136 +.20
{Threei} morning was nice... stalled somewhat now but feeling is, market is alive and kicking
{dptl} grabed +.10 tibx
{magoo} morn JJ:)
{Threei} LEH
{Threei} REDUCES LEVERAGE TO 12.5X FROM 15X IN Q1
{Threei} LEH PR machine is hard at work
{Threei} I can see a head of PR department running through cubicles with whip in his hand, yelling "go go go, come up with next headline NOW"
{_rant} see FFIV
{dino} y, for me to gradual
{magoo} vad, thats same work environment dino places on magoo
{Threei} qhat's his subject of demand?
{magoo} yelling"win,win.,win
{Threei} bring beer?
{Roman} 21 CROX
{Roman} 21 spike with vol
{Roman} 21 looks like news
{dino} ever feel unappreciated
{_tangrick} cnbc on crox
{Roman} 21 thank u, i turned off CNBC
{_rant} lol
{_rant} bunch of crooks
{peterg} bunch of crox
{Threei} each time I see those crocs in thes tore, I have hard time believing this stock trades higher than $1 {G}
{hawkfan4} 11:46 CROX Crocs jumps to session highs after analyst from Al Frank on CNBC highlights co's valuation of 6x earnings (10.15 +0.27) -Update-
{kazaam} $10 stock for clown shoes
{peterg} Skechers has come out with competition rubber shoes with holes.
{Roman} 21 SQNM trying
{Threei} but what do I know, I am the guy who who can spell word fashion without looking it up in 10 different ways except the right one
{dino} i hear you vad, but my kids and wife have like 3 pairs each. i don't get it
{Threei} SQNM, I'd try it again at 9.11
{Threei} dino, I'd very tenpted to threaten them with disowning them
{Threei} if I wasn't so sure they would jump on the offer happily {G}
{dino} thats the problem, lol
{magoo} ashamed to admit..but i asked for a pair for fathers day
{Threei} dino... disown magoo
{dino} wonders never cease
{dino} thats it, magoo is buying the first round
{dino} vlcm strange
{Threei} first?
{Threei} I strognly suggest he buys all rounds
{magoo} and if IF i get them..i'll be displaying themn in the office on my feet
{dino} doh!
{Threei} we know it happened when dino's first words upon connection are "my eyes" insteaad of morning
{Threei} what do you know, CROX is climbing... lol
{Roman} 21 it's loaded with shorts
{magoo} crox makes jockey shorts lol
{esemde} Good morning all...just wanted to pop in for a few minutes to say high...had an early morning show ....
{Threei} morning ese
06* magoo slaps esemde around a bit with a large trout
{esemde} morning vad....we were at the convention center singing O Canada
{Threei} magoo has his specific style of greeting
{esemde} felt OK
{Threei} so early?
{magoo} show my first morning one vad
{Threei} is there any event today?
{esemde} yes....we get these calls once in a while to open up conventions
{Threei} [08:39] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} [08:40] {Threei} good morning to you too mags
{magoo} [08:40] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{magoo} [08:41] {Threei} good morning to you too mags
{Threei} good to know world flocks to our cute town :)
{esemde} weirdly enough I think I understand that language Vadc
{Threei} that's very very disturbing ese
{esemde} whats the market look like
{Threei} strong and active
{esemde} hmmmmmm kinda up
{Threei} LEH is kicking rears and taking names
{esemde} 74 mil shs.....149 mil yesterday....
{Threei} 10.20 closest support CROX
{Threei} if looking to enter on pullback, here is the chance
{esemde} not I....too late to the party....no feel just yet
{dino} wtg es
{esemde} what did I do?
{dino} waiting to get feel, good sign
{esemde} tks
{_rant} any read on WNR ?
{_rant} down 10%
{Threei} bounce candidate with .15 long trigger
{dino} energy issue thats all
{Threei} stop under 14
{Threei} half lot, a bit volatile
{Threei} most likely just a scalp
{_rant} 73% short interest...
{_rant} upward trend on CHL
{esemde} WNR up 11 days almost....will take a few days to consolidate before making another move
{_rant} thx
{esemde} might be a scalp of some kind though as vad says
{_rant} will let it pass
{_rant} huge short interest
{_rant} all airline stocks are flying
{_rant} RJET
{dino} and they will all be in bankruptcy at years end
{esemde} short interest is reported twice monthly.....after 11 days up some of that has probably been used
{dino} w/respect, not really an issue for me
{esemde} how so dino......not usually my play either
{dino} kop bstop to .22 mkt waking
{_rant} ccoi is sleepin
{_rant} flat
{dino} imo in daytrading, less info is better
{esemde} true...
{_rant} well then u r just pure gambling
{peterg} Agree: as learner, am swamped with information, reading all Vad's opus
{dino} no mistake its all prbabilities the way i trade
{Threei} not at all rant
{dino} kop cov , +.15
{Threei} there is relevant information and there is information that just distracts you from what's really happening
{dino} but rant, i have an edge, so i play the probabilities of it
{Threei} as far as day trading is concerned, a lot of inromation circulating in the market chatter is largely irrelevant
{esemde} when you do this enough rant...you can get a feel for momentum in certain stocks
{dino} you must find you're own edge
{esemde} and the level 2 help tip that in your favor
{Threei} there are setups based on recognizable situations
{Threei} stemming from the idea that people's behavior obeys certain patterns
{Threei} etups simply exploit this basic concept
{esemde} for me those situations indicate buying and selling power
{_rant} true, but to play airline stocks today is based on the information that oil is falling
{_rant} without tht information..u r just gambling
{Threei} right
{Threei} no...
{_rant} the key is to filter the information
{dino} potatoe potato, your edge willshow the recognizable situation
{_rant} :)
{Threei} look at it this way
{Threei} you have certain working assumption
{magoo} OY
{magoo} lol
{Threei} in this case it's:
{Threei} oil drops, airline should benefit
{dino} recognizable pattern
{Threei} if you trade off this assumption alone, you ARE gambling
{Threei} but
{Threei} if you use this assumption as a reason to watch
{Threei} form your list
{Threei} and start hunting for the signs confirming your assumption
{Threei} you have a list of candiodates.
{dino} amed stop to .35\
{Threei} All that is left is to time your entries
{Threei} and that's where setups come in
{_rant} true
{_rant} do u setup exit price and stop loss at the time of entry ?
{esemde} news does create momentum for sure.rant just use setups for right entry
{dino} 1:1 basic goal rant, but i usually look for 1:1.5+ because of spikes/capits
{esemde} most of the time I do....but sometimes if I know the issue and the way it trades I'll give it wiggle room
{_rant} hmm
{_rant} coz i always end up changin them..
{dino} only change a stop to your benefit, as in tighten
{_rant} and screw up the trade sometime
{esemde} I agree with dino on that
{fernp} SQNM interesting
{dino} magoo, tell him what happens when you change a stop the wrong way
{magoo} huh?
{dino} it will hurt you!
{_rant} still in ccoi dino ?
{magoo} oh, it will?
{Chaeron} SQNM
{esemde} big time.......
{dino} break the rules you will pay
{esemde} very true.....i payed big time last summer.....huge hit one day because of stupidity
{dino} we've all been there
{dino} amed to .48
{dino} listen to vads' rules, then find your edge
{dptl} grabbed +.10 sqnm ty
{dino} gj
{dptl} ty
{fernp} also out SQNM +.10 TY
{Threei} :)
{Threei} rant
{Threei} look what I found, directly about the topic discussed
{Threei} GENEVA (AFP) - It doesn't pay to be smart and ignorance really is bliss if you want a long life -- at least if you're a fly, according to new research by a Swiss university.
{Threei} Scientists Tadeusz Kawecki and Joep Burger at the University of Lausanne said Wednesday they had discovered a "negative correlation between an improvement in a fly's mental capacity and its longevity".
{Threei} As part of their research project, the results of which are published in the journal Evolution, they divided into two a group of flies from the Basel region of northwestern Switzerland.
{Threei} One half was left in a natural state while the other had its intelligence boosted by Pavlovian methods, such as associating smell and taste with particular food or experiences.
{Threei} Over 30 to 40 generations, these methods led to flies which clearly learned better and remembered things for longer.
{Threei} The flipside was that the flies left in their natural state lived longer on average than their "cleverer" counterparts, with a lifespan of 80-85 days rather than the normal 50-60..
{Threei} "In other terms, the more the fly becomes intelligent, the shorter its lifespan," the scientists said.
{Threei} good boy SQNM
{_rant} swks short .92
{dptl} know less - live longer concept ?
{Threei} yup :)
{dptl} always work...even in fly's world
{dino} cme, nyx lod
{Threei} MOODY'S PLACES MBI AND ABK'S AAA RATINGS UNDER REVIEW FOR DOWNGRADE; MOODY'S SAYS THE MOST LIKELY OUTCOME OF THE REVIEW WILL BE A DOWNGRADE
{Threei} - Reflects credit profile may not be consistent with current rating given current business prospects
{Threei} - Notes that the IFS ratings for both ABK and MBI will likely fall within AA range, though its possible MBI will drop to single-A.
{Threei} sorry, late with this news
{dino} out amed .53, +.58
{dino} brb
{Threei} MBI shortable... maybe we get worthy bounce
{Threei} or .50 breakdown
{Threei} volume dries up as it nears 6
{Threei} IVAN
{Threei} CNBC'S GASPARINO REMARKS THAT SOURCES NOTE THAT LEH HAS NOT APPROACHED ANY SOURCES TO RAISE CAPITAL
{dino} coi stopped -.34
{dino} greed got me, should've trailed
{Threei} it's G,Gekko's fault
{magoo} why is that good LEH?does not need capital
{Threei} that's the idea
{magoo} hey, not as confused as i look
{esemde} have a great everyone...see ya tomorow
{Threei} take care ese
{esemde} see ya Vad
{dino} cya es
{Threei} MBI COMMENTS ON MOODY'S DECISION TO PLACE MBIA'S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE
{Threei} - The specific ratings affected are the Aaa insurance financial strength ratings of MBIA Insurance Corporation ("MBIA" or the "Insurance Company") and its insurance affiliates, the Aa2 ratings of MBIA's Surplus Notes, and the Aa3 ratings of the junior obligations of the Insurance Company and the senior debt of MBIA Inc., each with a negative outlook.
{Threei} - CEO: "We disagree with Moody's decision today, When Moody's affirmed our rating with a negative outlook in February, we believed that it would refrain for six to 12 months from taking additional ratings actions unless the environment or MBIA's position changed materially.
{Threei} Since then, there have been no material adverse changes in the environment, and we believe our capital position has improved. Thus, we are surprised by both the timing and direction of this action and can only conclude that the requirements for a Triple-A rating continue to change.
{Threei} - There is no question about our ability to cover all policyholder claims, from a regulatory or any other standpoint. "
{_rant} mbi and abk are doomed
{Threei} - "we do not foresee any major additions to loss reserves unless the housing market performs significantly worse than our expectations."
{dino} netl
{kazaam} what kinda play is open on NETL?
{dino} euphoria
{dino} thinking short
{dino} break of .25 area imo
{dino} sm s .30 risky
{Threei} SQNM non-stop
{Threei} feels not done yet
{magoo} u suggest entry?
{Threei} if holding above .40, break...
{Threei} if loses it, tougher to tell
{Threei} it doesn't have clean support levels under .40
{magoo} any read LEH?
{Threei} nah
{Threei} SQNM broke
{magoo} in
{dino} josb
{Threei} REPORTS Q1 $0.53 V $0.46E, R$145.4M V $142.3ME, SSS +6.4% Y/Y
{_rant} yge
06* Threei slaps laserdave1 around a bit with a large trout
06* Chaeron slaps laserdave1 around a bit with a large trout
{Threei} ICAHN SENDS AN OPEN LETTER TO BOARD OF DIRECTORS, SEEKS TO REPLACE YANG AND CURRENT BOARD
{Threei} - Notes that the only way to preserve Yahoo is a combination with MSFT
{Threei} - Icahn asks the Board to take back the poison pill severance plan, noting that Yang went to great lengths to sabotage MSFT
{Chaeron} sqnm
{kazaam} to the moon
{magoo} out sQNM .74 nowTY vad
{magoo} +.25
{Threei} wtg
{Threei} noe, what does SQNm even do?
{Threei} lol
{dino} gj
{magoo} oil??
{Threei} to return to smart flies topic for a sec... with very vague idea of what field SQNM is in, did it prevent us from finding it and profiting from it?
{kazaam} that is kinda one aspect of such active trading that i have to adapt to because i am so familar with watching one e-mini or one currency
{dino} v sm l ma .23
{Threei} this is not much different kazaam, if you adopt this view:
{Threei} we do not trade companies,
{Threei} we trade people.
{Threei} Their reactions
{Threei} patterns they display
{Threei} With this angle, it's all the same
{Threei} if you look at SQNM, you will see a big gapper,
{Threei} that consolidated for a while, then continued its run against all odds
{Threei} Now, ask long time room members
{Threei} how many times we saw and utilized this pattern
{Threei} even magoo who has serious case of alzheimers will tell you
{Threei} that he manages to remember about it when he sees big gapper
{Threei} It's all about seeing recognizable situation and applying the algortythm you have for it
{kazaam} i think ones i learn the basic patterns this room follows I will be alittle more comfortable
{kazaam} so much information
{Threei} sure, and trust me, they are very easy to identify
{kazaam} i am used to 1 chart, 2 patterns, trade
{Threei} ABK
{Threei} RESPONDS TO MOODY'S COMMENTS
{Threei} scond round of self-applauding
{Threei} DISAPPOINTED IN DECISION, REAFFIRMS HAS NO ADDITIONAL PLANS TO RAISE CAPITAL
{Threei} - disappointed by the Moody's announcement, particularly in light of the significant progress we have made to strengthen our capital position and refocus our business. Since March, we have raised $1.5 billion of capital bringing our claims paying resources, as calculated by Moody's, to approximately $15.3 billion; an amount which we believe satisfies Moody's target Aaa capital requirements as of March 31, 2008.
{Threei} - anticipating a $500 million capital cushion by the end of the second quarter
{Threei} - will continue to work aggressively to monitor and manage our portfolio and optimize capital allocation for the benefit of our shareholders and clients. The Board and management continue to explore all strategic alternatives and remain confident of the strong business value embedded within our enterprise.
{Threei} - CEO: Outside the mortgage-related exposures, the remainder of our portfolio is performing well, and in line with our expectations. We have presented Moody's with concrete near-term plans to deploy our people and expertise in the municipal market via our already-licensed, Connie Lee vehicle.
{Threei} in other words, two nice and fuzzy sheep are being harrassed by big bad moody
{magoo} so what does SQNM do?
{Threei} makes money for us
{Threei} good enough for an answer?
{Threei} oil 122.5?
{Chaeron} SQNM - Sequenom Inc., genetic analysis products
{Threei} hah
{Threei} I would haven been happy to say I contributed to genetic research today... but having sold I rpobably can't brag about it, can I?
{_rant} qid
{_rant} .93
{magoo} daily 2:30 smack down
{kazaam} did this room at one time only trade Nasdaq?
{Threei} yes
{Threei} we started adding listed stocks with ECN introduction on NYSE and AMEX
{Threei} that made executions as sure and lightening as on NASDAQ
{Chaeron} now we even trade porkbellies... Threei's favorite - bacon :)
{Threei} I have hard time trading it though
{Threei} I eat what I buy
{Threei} which is not very profitable
{kazaam} heh
{Threei} you should see some NYSE executions before ECN time
{Threei} instead of immediate fill once you click, time goes, nothing happens,
{Threei} then you either get your fill if stock moved against you
{Threei} or left out in the cold if it moved in your favor
{Threei} and when you click Cancel, they think for a while
{Threei} before granting you your wish
{Threei} Interestingly enough, when first talks surfaced about diluting specialist system with ECXNs and direct electornic executions
{Threei} specialists were up in arms
{Threei} I opined back then that in couple years they will be like dinosaurs
{kazaam} i didnt know execution was the reason for trading Nq only stocks, is NYSE mostly ECN execution now? or only a minority of issues?
{Threei} most of them
{Threei} everything I watch is infested with ECNs like Winnipeg with mosquitos
{Threei} that was major reason... electronic fill, garanteed if there are shares at your price on NASDAQ
{Threei} vs live specialist than gets your order
{Threei} and thinks whether he wants to give your shares to you or not
{Threei} TASR
{Threei} ARIZONA SUPREME COURT DENIES PETITION FOR REVIEW IN PRODUCT LIABILITY CASE AGAINST TASR
{Threei} - The Supreme Court's action lets stand a Court of Appeals decision to uphold a Maricopa County Superior Court jury's verdict in favor of TASER International in a product liability lawsuit brought forth by the former Maricopa County Sheriff's deputy.
{dino} netl stopped -.24
{dino} nyx l .20, stop .88
{_rant} r u short or long
{Threei} l = long
{_rant} ah
{Threei} dino speaks in codes
{Threei} and says if you don't understand me you are not worthy
{dino} llol
{Threei} I tried his approach by telling my wife it was not her business (she asked what I wanted for dinner)
{Threei} didn't really work out very well
{Threei} FED'S BERNANKE: INFLATION SIGNIFICANTLY HIGHER THAN WHAT THE FED WANTS, LONGER TERM INFLATION EXPECTATIONS RISING; PRICE STABILITY IS TOP PRIORITY FOR FED
{Threei} - Sees some echoes of 1970s, but repeat of wage-price spiral is unlikely
{Threei} - Notes that US has 'serious' oil shock, rising food, subpar growth
{Threei} - Remarks that the Fed is responsible for stable prices over medium term, large decline in economy's energy intensity helps reduce shock of higher prices
{dino} back in 15
{Threei} let's translate this:
{Threei} large decline in economy's energy intensity helps reduce shock of higher prices
{Threei} losing manufacturing jobs to overseas is a good thing, we need less energy
{Threei} why not go all the way and says, grounding airlines and putting cars on driveways is even better
{kazaam} are there any other stocks like RIMM that are traded very actively with decent volitility?
{magoo} like aapl
{Threei} RIMM and AAPL are permanent residents
{Threei} sometimes others added when some event gives them a puish
{kazaam} so LEH would be an example of that?
{Threei} SNDK often moves nicely, although range is less
{Threei} yes, totally
{Threei} KLAC often moves nicely
{Threei} BRCM and NVDA used to, we played them often
{Threei} not so much these days
{kazaam} yeah, back when i was trading WIZETRADE, i was losing money on NVDA and BRCOM
{Threei} woohooo
{Threei} green light red light!
{Threei} what a ripoff
{kazaam} hah, yep, thats how i got started, lost 1000 bucks and said no more
{Threei} in a few days, when you get your package
{Threei} in MPP you will see detailed explanation why it could never work
{dino} nyx stopped -.33
{kazaam} will be interesting to read about that, i coded some systems in Tradestation (not profitable systems) and I started to see exactly why it can't work
{dino} onxx l .00
{Threei} mildly interested in ZIXI
{Threei} nice break of 3 and nice move after, don't want to chase
{Threei} but if pulls back closer to 3, will consider
{dino} .02 too close nyx
{Threei} try to guess what MBI CEO could say
{Threei} right:
{Threei} CEO: NOT SEEKING TO RAISE CAPITAL AT THE MOMENT, CAN NOT RAISE CAPITAL WITH FULL KNOWLEDGE OF MOODY'S GUIDELINES
{Threei} LEH
{Threei} US OFFICIAL: FED AND SEC ARE IN DAILY CONTACT WITH LEHMAN
{Threei} why, if everything is so hunaky-dory?
{magoo} now is that to be interpretted "goood"
{Threei} I would classify it as worrisome
{Threei} but then again, I am a worry-wart: having less than 2 packages of bacon in the fridge is worrisome for me
{Chaeron} stock the freezer... it' keeps forever
{peterg} Hormel Microwaveable bacon!
{kazaam} i gotta jet early, see everybody tomorrow, adios!
{Chaeron} bye kaz
{Threei} take care kazaam
{magoo} bye kaz
{dino} later kazzer
{dino} kop s .92 stop .03
{dino} out onxx .08, +.08
{Threei} conflicted about ZIXI
{Threei} held 3.10
{Threei} tagged high again
{Threei} everything looks fine... I just am not sure I want to take it overnight
{Threei} probably let's just watch it tomorrow for another chance
{Threei} also, VVUS
{Chaeron} I like saying the name :) ZIXI.....
{Threei} hehe
{Threei} if finishes and opens about here, will be inetrested in 7.10 break
{Threei} trailing QTWW stop for the balance to .55
{dptl} have a good evening all....ty ..good day:)
{Threei} whew
{Threei} I was afraid I had to send dp a box of tissues
{Threei} and I hate waste money on tissues when there is a perfect solution in a form of sleeve
{dptl} lol...big boys never cry
{Threei} no??
{Threei} I gotta stop then
{dptl} :)
{dino} later dp
{Threei} Ok guys, thank you all
{Threei} have a good evening, see you tomorrow
{magoo} ty vad
{dino} cya
{Chaeron} 7.10 hitting on VVUS... wait for manana?
{dino} stop kop .99, -.07
{dino} thats all, thanks
Session Time: Wed Jun 04 00:00:00 2008
{Threei} Q1 FINAL NONFARM PRODUCTIVITY: 2.6% V 2.5%E;
{Threei} UNIT LABOR COSTS: 2.2% V 2.0%E
{Threei} sold balance of OMNI at 6.95, ROYL's gapping down
{Threei} missed 7, so took next best thing
{peterg} gm--had to use numbers to get in
{Threei} good morning
{Threei} really?
{peterg} xxxx7044
{Threei} hmmm... shouldn't be that way
{peterg} got in yesterday
{peterg} without effort
{peterg} shall i try again?
{Threei} nah... let's wait what others report
{peterg} k
{Threei} if it's widespread, problem reappeared
{Threei} if they are fine, it could be that your particular ISP needs to update DNS records
{Threei} which means just wait
{magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} good morning to you too mags
{Threei} how did you connect?
{magoo} easily connected
{magoo} LEH very active
{Threei} ok, ty
{Threei} yeah... in such cases bad news tend to pile up
{Threei} but I have to say, this case is not clear cut
{magoo} two thoughts...some people are thinking it can go to single digits like BEAR
{Threei} all the eery resemblances to BSC are there,
{magoo} and other thougfht is thats too easy...mkt never makes it easy
{Threei} but to say honestly, I have hard time to see similar outcome
{Threei} exactly
{Threei} obviously there are a lot of troubles
{Threei} but, unlike in BSC case,
{Threei} market is so eager to look for any positive
{magoo} shorts may get killed just to kill them
{Threei} that slightest hint that troubles are not that deep as Bear's can skyrocket the stock
{magoo} rarely get repeat scenario in market
{magoo} thats why its so hard
{Threei} I strongly disagree but not because I have any reasonable argument... I just like to disagree {G}
{peterg} The disagreement heightens the pleasure of the assertion
{Threei} that's deep
{Threei} I'd say I need a week to ponder this
{peterg} thats my problem
{Threei} see you all next Wed
{magoo} man..IDEV cut in half
{Threei} FDA troubles
{magoo} my entire watch list RED except QID{and i know why qid up before u go into 5 paragraphs explanation vasd lol}
{Threei} sigh
{Threei} OMNI is up, allow me to say
{Threei} and that was my chosen gapper
{magoo} not on my list lol
{Threei} you may want to watch another list {GGG}
{Threei} reminds me an old Soviet joke about a guy who tried to obtain permission to immigrate
{Threei} KGB agent tasked with convincing those who wanted to leave to reconsider
{Threei} started showing him a globe
{Threei} commenting how bad it was in this country, in that country
{Threei} guy listened, then asked
{Threei} sorry... may I have some other globe?
{Threei} SAUDI ARABIA RAISES PRICES FOR ALL GRADES OF CRUDE TO US BUYERS; US OIL PRICE TO RISE TO $3.85/BBL IN JULY
{Threei} - raises light and extra light prices to Asia in July
{Threei} why did I sell OMNI?
{pita} gm
{Threei} pita :)
{Threei} LIVE
{Threei} BECOMES AUTHORIZED RESELLER OF GOOGLE ADWORDS
{Threei} As a Google AdWords Authorized Reseller, LiveDeal's dedicated direct sales force will encourage local businesses to use AdWords online advertising as a cost effective, efficient way to find and target new customers.
{Threei} - Financial terms were not disclosed.
{Threei} lovely OMNI
{cosmo} TIBX might heal
{cosmo} 7.18 high so far
{Threei} 06/03/08 05:00pm [TIBX] Guides Q2 EPS $0.05-0.06 v $0.08e, R $147-149M v $153.6Me
{dptl} good morning all
{fernp} good morning
{Threei} dp, fern :)
{Chaeron} good morning everyone
{Threei} chaeron :)
{Chaeron} QTWW nice premarket...
{Threei} yes but as we saw yesterday it's not immune to market movement
{Threei} thinking of taking our that half I rebought yesterday
{Threei} kind of "trading around core position"
{Threei} also known to scalping course owners as umbrella concept
{Threei} OMNI is a bittersweet for me
{Threei} sweet part is, nice to know I can pick a gapper in this market
{Threei} bitter is of course selling too soon, lol
{magoo} i think u are getting alhiemers ed..u are fixating on a single stock all day..yesterday it was QTWW
{Threei} unless you totally tune out LEH
{magoo} i did yesterday{and it cost me}
{Threei} there... tune me out at your own peril
{Threei} luckily you decided to listen when I talked about ROYL :)
{Threei} which btw disproves completely your theory about me and single stock
{magoo} what are we debating again?i forget
{Threei} who are you?
{dino} gm all
{Threei} dino :)
{Chaeron} heya dino :)
{dino} :)
{Threei} MER
{Threei} CHIEF US STRATEGIST BERNSTEIN: SEES MASSIVE CONSOLIDATION IN THE FINANCIAL SECTOR
{Threei} are they getting ready to buy LEH? :)
{dino} indeed, sounds like the vultures are circling
{dino} no offense raven
{Threei} lol
{_osbo} HI
{Threei} big bird is on two-weeks vacation
{Threei} osbo :)
{dino} whew, was worried
{Chaeron} good luck to all...
{magoo} LEH lv 2 nuts
{Roman} 21 SQNM
{Roman} 21 watch, coulbe be aiming for 9.25
{Threei} had news
{Threei} 04:01am [SQNM] Announces positive results from screening studies using the Company's noninvasive circulating cell-free fetal nucleic acid SEQureDx(TM) Technology
{Threei} CSUN
{Threei} .90 long
{Threei} if stays above .75
{dino} amwd
{dino} darn can't borrow
{Threei} missed first SQNM spike
{Threei} will try .87, if that big offer gets taken at .86
{dino} funny i wanted s at .64
{dino} 9 that is
{dino} sm ipi l .70
{Roman} 21 WB
{Roman} 21 missed 22.15
{dptl} l csun ,92
{Threei} SQNM stop .79
{magoo} watching aapl for bounce
{magoo} depends on mkt obviously
{Threei} half out SQNM 9.05
{_rant} ppo ?
{Threei} nasty spread jumps
{dino} ptek
{Threei} SQNM stop to .84 for the balance
{Threei} CSUN stopped
{dptl} stopped
{Roman} 21 ASIA vad
{Threei} again?
{Threei} didn't it torment us enough yesterday only to be stopped? :)
{dino} kop, bobe
{magoo} l aapl .95
{_rant} ppo went flying
{magoo} out .40 +.45
{Threei} STKL
{Threei} half lot .20 break long
{Chaeron} nice hit magoo
{magoo} ty, anyone go?
{Threei} 6.95 stop
{magoo} straight up from entryu
{magoo} in stkl .19
{Threei} AKAM .31 long
{Threei} .19 stop
{Threei} let's disregard AKAM, too close to oil numbers
{Threei} don't want to get caught into knee-jerk reaction
{Chaeron} aarrrrrrrrgg... was waiting like a cheetah about to pounce
{Threei} if logic has any place, oil inventory numbers should be great
{magoo} yeah..was using vads finger trick..holding button already pressed
{Chaeron} logic?
{Threei} but since when logic has anything to do with market
{magoo} oh dammit, filled when took finger off to type he he
{Threei} lol
{dino} bobe s .74 sm
{Chaeron} what time #s?
{magoo} 10:30
{dino} ipi stop to .83
{Threei} thing went in anticipation
{Threei} last week numbers were very low because of some port delays
{Threei} providing delays were dealt with, build-up should be significant
{Threei} that's the logic I was referring to earlier
{dino} kop s sm .40
{Threei} frikin AKAM :)
{Chaeron} nice call AKAM
{Chaeron} good for you magoo
{magoo} i really filled vad...29 no shit
{Threei} cool, take profit
{magoo} oh ok..out .57 he he seriously
{magoo} TY
{magoo} i guess
{Threei} welcome
{magoo} gotta work on that finger trick more i guess
{Threei} lol
{Chaeron} yeah... keep practicing... become rich while you practice
{magoo} ok the plan chaer..i gonna go push buitton on rimm..then u ask m,e a questuion...ill let off to type and fill..then profit
{Roman} 21 WB
{Roman} 21 long
{Chaeron} lol
{Roman} 21 21.85 stop 21.69
{dino} bobe bstop is .02,
{dino} ipi to .98
{dino} out ipi .04 +.34
{dino} bobe stopped -.28
{Chaeron} .
{Threei} no numbers still
{kazaam} are crude numbers going to determind the break for S&P resistance?
{kazaam} of
{Threei} who knows
{Threei} don't try to predict
{Threei} it's a suckers game
{magoo} hey kazaam..u lost your "_"
{Threei} market strives on taking money from those who think they can analyze and predict how it reacts
{Threei} yes... welcome aboard kazaam
{magoo} welcome bro
{Threei} LOOMIS SAYLES VICE CHMN: BUYING LEH DEBT IN LAST SEVERAL DAYS
{kazaam} indeed, I am now a citizen of the reality trader chat room
{Threei} DOE CRUDE: -4.8M V +1ME;
{Threei} yikes
{magoo} to a profittable...yet speklling challenged existance
{Chaeron} great kazaam
{Roman} 21 :)
{Threei} where is that expected buildup
{Chaeron} "market strives on taking money from those who think they can analyze and predict how it reacts"
{Threei} GASOLINE: +2.9M V +1ME; DISTILLATES: +2.2M V +1.5ME; UTILIZATION: 89.7% V 88.4%E
{Threei} market confused badly
{magoo} theres buildup
{Threei} it's looking around and whistling sheepishly "do I come or do I go"
{magoo} i'm confused badly
{Threei} me too but I don't notice it since it's my usual state
{Threei} oil under 124
{Chaeron} $4.89/gal here for premium tho...
{Threei} oil goes up, price tag on gas station pops the same day
{Threei} oil drops, price tag somehow isn't in hurry
{Roman} 21 out 1/2 +.25
{Roman} 21 WB
{dino} bkop stopped
{dptl} stkl stop still the same .95?
{Threei} trail it now as it made nee high
{Threei} 7.05
{dptl} ok ty
{Threei} it's a bit abnormally volatile
{Threei} so I am careful not to overtighten it
{magoo} AKAM going over 39 imo
{Threei} look at LEH
{Threei} was I right to be hesitant on shorting it today or what
{Threei} OK STKL
{magoo} congrats
{Threei} ugh, retreated from spike before gave exit chance
{Threei} have to have offer laid out
{dptl} yeah...still in
{dptl} offering .40 now
{dino} amed l sm .95
{Threei} LEH lullback into support
{magoo} lost support right?
{Threei} .50 yes, next 31
{Threei} not sure it's going to go there
{Threei} crossback over .50 probably worth a first try
{Threei} stop under .30
{magoo} next support 31
{Threei} dp, out yet?
{Threei} .40 is getting hit
{dptl} out .40 stlk ty
{Threei} welcome
{magoo} im in stkl too boss
{magoo} wait .49
{Threei} may I suggest half out?
{Threei} OK
{magoo} out full TY
{Threei} welcome sir
{Threei} wasn't the easiest of trades but worked nicely
{Threei} jeez
{Threei} what happened on LEH?
{magoo} i know
{Threei} OMG
{magoo} thought leh was in trouble
{Threei} you are not going to believe this
{Threei} HEARING UPGRADED AT MERRILL LYNCH
{Chaeron} I so missed that one
{Threei} remember from a day ago
{Threei} LEH defended MER,
{Threei} I said now when MER defends LEH I'll have seen it all
{magoo} seems like conflict of interestthose two
{Threei} there you go, took just one day
{magoo} man that sux....nothing left to see anymore
{Threei} yes
{Threei} I am retreating to a cave
{dino} or maybe mer just bought aslot of leh at 28
{Threei} high up in mountains
{Threei} going to do intense navel-dazing
{Threei} gazing
{kazaam} hopefully that cave has wireless
{hawkfan4} 11:10 Hearing LEH upgraded 15 seconds after hawk sells it for a small loss
{Threei} no... I am going to order beer using smoke signals
{Threei} just one of those cases hawk... can just shrug
{hawkfan4} lol, i know, was unreal
{Roman} 21 out remaining WB +.52
{kazaam} wb
{Threei} there is even price target
{Threei} PRICE TARGET REMAINS $37
{Threei} so, I take it MER is not buyng LEH out
{Threei} STKL takes .50
{Threei} anyone is still in, offer into spike
{dino} ccoi
{Threei} out in full .60
{dino} ccoi sm l .00
{_rant} looking weak
{_rant} not much buying
{_rant} ok some buyin no
{_rant} now
{_rant} good entry 14.15 ?
{dino} lol
{_rant} :)
{dino} remember rant .6666\
{_rant} ?
{dino} my hit ratio
{_rant} ah nice
{dino} not all will work, play the odds
{_rant} what is your search criteria
{dino} whre too .75?
{_rant} sweet
{dino} i like 2 buck fast drops or pops
{_rant} .42 in no time
{magoo} your hit number is also the devils number..that concerns me
{dino} then go other way
{dptl} grabed+.27 ccoi ty dino
{magoo} see my hit number isn't ...it a solid .67
{Roman} 21 watching JASO for short on 20.25 breakdown
{dino} gj dp
{dino} perhaps i expect too much at .75
{dptl} well...you'll know after ....:)
{dino} :)
{magoo} sh rimm small here .20
{dino} sm last try kop s .38 risky, jumpy
{dptl} tibx?
{Threei} tough one dp... don't know
{dptl} ok ty
{Roman} 21 FRPT long setup, slow one
{Roman} 21 4.18
{dino} kop bstop is .56
{Threei} what's with HIMX?
{Chaeron} I see no news
{dino} nothing
{judijim} hello everyone
{Threei} jj :)
{magoo} out rimm 136 +.20
{Threei} morning was nice... stalled somewhat now but feeling is, market is alive and kicking
{dptl} grabed +.10 tibx
{magoo} morn JJ:)
{Threei} LEH
{Threei} REDUCES LEVERAGE TO 12.5X FROM 15X IN Q1
{Threei} LEH PR machine is hard at work
{Threei} I can see a head of PR department running through cubicles with whip in his hand, yelling "go go go, come up with next headline NOW"
{_rant} see FFIV
{dino} y, for me to gradual
{magoo} vad, thats same work environment dino places on magoo
{Threei} qhat's his subject of demand?
{magoo} yelling"win,win.,win
{Threei} bring beer?
{Roman} 21 CROX
{Roman} 21 spike with vol
{Roman} 21 looks like news
{dino} ever feel unappreciated
{_tangrick} cnbc on crox
{Roman} 21 thank u, i turned off CNBC
{_rant} lol
{_rant} bunch of crooks
{peterg} bunch of crox
{Threei} each time I see those crocs in thes tore, I have hard time believing this stock trades higher than $1 {G}
{hawkfan4} 11:46 CROX Crocs jumps to session highs after analyst from Al Frank on CNBC highlights co's valuation of 6x earnings (10.15 +0.27) -Update-
{kazaam} $10 stock for clown shoes
{peterg} Skechers has come out with competition rubber shoes with holes.
{Roman} 21 SQNM trying
{Threei} but what do I know, I am the guy who who can spell word fashion without looking it up in 10 different ways except the right one
{dino} i hear you vad, but my kids and wife have like 3 pairs each. i don't get it
{Threei} SQNM, I'd try it again at 9.11
{Threei} dino, I'd very tenpted to threaten them with disowning them
{Threei} if I wasn't so sure they would jump on the offer happily {G}
{dino} thats the problem, lol
{magoo} ashamed to admit..but i asked for a pair for fathers day
{Threei} dino... disown magoo
{dino} wonders never cease
{dino} thats it, magoo is buying the first round
{dino} vlcm strange
{Threei} first?
{Threei} I strognly suggest he buys all rounds
{magoo} and if IF i get them..i'll be displaying themn in the office on my feet
{dino} doh!
{Threei} we know it happened when dino's first words upon connection are "my eyes" insteaad of morning
{Threei} what do you know, CROX is climbing... lol
{Roman} 21 it's loaded with shorts
{magoo} crox makes jockey shorts lol
{esemde} Good morning all...just wanted to pop in for a few minutes to say high...had an early morning show ....
{Threei} morning ese
06* magoo slaps esemde around a bit with a large trout
{esemde} morning vad....we were at the convention center singing O Canada
{Threei} magoo has his specific style of greeting
{esemde} felt OK
{Threei} so early?
{magoo} show my first morning one vad
{Threei} is there any event today?
{esemde} yes....we get these calls once in a while to open up conventions
{Threei} [08:39] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} [08:40] {Threei} good morning to you too mags
{magoo} [08:40] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{magoo} [08:41] {Threei} good morning to you too mags
{Threei} good to know world flocks to our cute town :)
{esemde} weirdly enough I think I understand that language Vadc
{Threei} that's very very disturbing ese
{esemde} whats the market look like
{Threei} strong and active
{esemde} hmmmmmm kinda up
{Threei} LEH is kicking rears and taking names
{esemde} 74 mil shs.....149 mil yesterday....
{Threei} 10.20 closest support CROX
{Threei} if looking to enter on pullback, here is the chance
{esemde} not I....too late to the party....no feel just yet
{dino} wtg es
{esemde} what did I do?
{dino} waiting to get feel, good sign
{esemde} tks
{_rant} any read on WNR ?
{_rant} down 10%
{Threei} bounce candidate with .15 long trigger
{dino} energy issue thats all
{Threei} stop under 14
{Threei} half lot, a bit volatile
{Threei} most likely just a scalp
{_rant} 73% short interest...
{_rant} upward trend on CHL
{esemde} WNR up 11 days almost....will take a few days to consolidate before making another move
{_rant} thx
{esemde} might be a scalp of some kind though as vad says
{_rant} will let it pass
{_rant} huge short interest
{_rant} all airline stocks are flying
{_rant} RJET
{dino} and they will all be in bankruptcy at years end
{esemde} short interest is reported twice monthly.....after 11 days up some of that has probably been used
{dino} w/respect, not really an issue for me
{esemde} how so dino......not usually my play either
{dino} kop bstop to .22 mkt waking
{_rant} ccoi is sleepin
{_rant} flat
{dino} imo in daytrading, less info is better
{esemde} true...
{_rant} well then u r just pure gambling
{peterg} Agree: as learner, am swamped with information, reading all Vad's opus
{dino} no mistake its all prbabilities the way i trade
{Threei} not at all rant
{dino} kop cov , +.15
{Threei} there is relevant information and there is information that just distracts you from what's really happening
{dino} but rant, i have an edge, so i play the probabilities of it
{Threei} as far as day trading is concerned, a lot of inromation circulating in the market chatter is largely irrelevant
{esemde} when you do this enough rant...you can get a feel for momentum in certain stocks
{dino} you must find you're own edge
{esemde} and the level 2 help tip that in your favor
{Threei} there are setups based on recognizable situations
{Threei} stemming from the idea that people's behavior obeys certain patterns
{Threei} etups simply exploit this basic concept
{esemde} for me those situations indicate buying and selling power
{_rant} true, but to play airline stocks today is based on the information that oil is falling
{_rant} without tht information..u r just gambling
{Threei} right
{Threei} no...
{_rant} the key is to filter the information
{dino} potatoe potato, your edge willshow the recognizable situation
{_rant} :)
{Threei} look at it this way
{Threei} you have certain working assumption
{magoo} OY
{magoo} lol
{Threei} in this case it's:
{Threei} oil drops, airline should benefit
{dino} recognizable pattern
{Threei} if you trade off this assumption alone, you ARE gambling
{Threei} but
{Threei} if you use this assumption as a reason to watch
{Threei} form your list
{Threei} and start hunting for the signs confirming your assumption
{Threei} you have a list of candiodates.
{dino} amed stop to .35\
{Threei} All that is left is to time your entries
{Threei} and that's where setups come in
{_rant} true
{_rant} do u setup exit price and stop loss at the time of entry ?
{esemde} news does create momentum for sure.rant just use setups for right entry
{dino} 1:1 basic goal rant, but i usually look for 1:1.5+ because of spikes/capits
{esemde} most of the time I do....but sometimes if I know the issue and the way it trades I'll give it wiggle room
{_rant} hmm
{_rant} coz i always end up changin them..
{dino} only change a stop to your benefit, as in tighten
{_rant} and screw up the trade sometime
{esemde} I agree with dino on that
{fernp} SQNM interesting
{dino} magoo, tell him what happens when you change a stop the wrong way
{magoo} huh?
{dino} it will hurt you!
{_rant} still in ccoi dino ?
{magoo} oh, it will?
{Chaeron} SQNM
{esemde} big time.......
{dino} break the rules you will pay
{esemde} very true.....i payed big time last summer.....huge hit one day because of stupidity
{dino} we've all been there
{dino} amed to .48
{dino} listen to vads' rules, then find your edge
{dptl} grabbed +.10 sqnm ty
{dino} gj
{dptl} ty
{fernp} also out SQNM +.10 TY
{Threei} :)
{Threei} rant
{Threei} look what I found, directly about the topic discussed
{Threei} GENEVA (AFP) - It doesn't pay to be smart and ignorance really is bliss if you want a long life -- at least if you're a fly, according to new research by a Swiss university.
{Threei} Scientists Tadeusz Kawecki and Joep Burger at the University of Lausanne said Wednesday they had discovered a "negative correlation between an improvement in a fly's mental capacity and its longevity".
{Threei} As part of their research project, the results of which are published in the journal Evolution, they divided into two a group of flies from the Basel region of northwestern Switzerland.
{Threei} One half was left in a natural state while the other had its intelligence boosted by Pavlovian methods, such as associating smell and taste with particular food or experiences.
{Threei} Over 30 to 40 generations, these methods led to flies which clearly learned better and remembered things for longer.
{Threei} The flipside was that the flies left in their natural state lived longer on average than their "cleverer" counterparts, with a lifespan of 80-85 days rather than the normal 50-60..
{Threei} "In other terms, the more the fly becomes intelligent, the shorter its lifespan," the scientists said.
{Threei} good boy SQNM
{_rant} swks short .92
{dptl} know less - live longer concept ?
{Threei} yup :)
{dptl} always work...even in fly's world
{dino} cme, nyx lod
{Threei} MOODY'S PLACES MBI AND ABK'S AAA RATINGS UNDER REVIEW FOR DOWNGRADE; MOODY'S SAYS THE MOST LIKELY OUTCOME OF THE REVIEW WILL BE A DOWNGRADE
{Threei} - Reflects credit profile may not be consistent with current rating given current business prospects
{Threei} - Notes that the IFS ratings for both ABK and MBI will likely fall within AA range, though its possible MBI will drop to single-A.
{Threei} sorry, late with this news
{dino} out amed .53, +.58
{dino} brb
{Threei} MBI shortable... maybe we get worthy bounce
{Threei} or .50 breakdown
{Threei} volume dries up as it nears 6
{Threei} IVAN
{Threei} CNBC'S GASPARINO REMARKS THAT SOURCES NOTE THAT LEH HAS NOT APPROACHED ANY SOURCES TO RAISE CAPITAL
{dino} coi stopped -.34
{dino} greed got me, should've trailed
{Threei} it's G,Gekko's fault
{magoo} why is that good LEH?does not need capital
{Threei} that's the idea
{magoo} hey, not as confused as i look
{esemde} have a great everyone...see ya tomorow
{Threei} take care ese
{esemde} see ya Vad
{dino} cya es
{Threei} MBI COMMENTS ON MOODY'S DECISION TO PLACE MBIA'S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE
{Threei} - The specific ratings affected are the Aaa insurance financial strength ratings of MBIA Insurance Corporation ("MBIA" or the "Insurance Company") and its insurance affiliates, the Aa2 ratings of MBIA's Surplus Notes, and the Aa3 ratings of the junior obligations of the Insurance Company and the senior debt of MBIA Inc., each with a negative outlook.
{Threei} - CEO: "We disagree with Moody's decision today, When Moody's affirmed our rating with a negative outlook in February, we believed that it would refrain for six to 12 months from taking additional ratings actions unless the environment or MBIA's position changed materially.
{Threei} Since then, there have been no material adverse changes in the environment, and we believe our capital position has improved. Thus, we are surprised by both the timing and direction of this action and can only conclude that the requirements for a Triple-A rating continue to change.
{Threei} - There is no question about our ability to cover all policyholder claims, from a regulatory or any other standpoint. "
{_rant} mbi and abk are doomed
{Threei} - "we do not foresee any major additions to loss reserves unless the housing market performs significantly worse than our expectations."
{dino} netl
{kazaam} what kinda play is open on NETL?
{dino} euphoria
{dino} thinking short
{dino} break of .25 area imo
{dino} sm s .30 risky
{Threei} SQNM non-stop
{Threei} feels not done yet
{magoo} u suggest entry?
{Threei} if holding above .40, break...
{Threei} if loses it, tougher to tell
{Threei} it doesn't have clean support levels under .40
{magoo} any read LEH?
{Threei} nah
{Threei} SQNM broke
{magoo} in
{dino} josb
{Threei} REPORTS Q1 $0.53 V $0.46E, R$145.4M V $142.3ME, SSS +6.4% Y/Y
{_rant} yge
06* Threei slaps laserdave1 around a bit with a large trout
06* Chaeron slaps laserdave1 around a bit with a large trout
{Threei} ICAHN SENDS AN OPEN LETTER TO BOARD OF DIRECTORS, SEEKS TO REPLACE YANG AND CURRENT BOARD
{Threei} - Notes that the only way to preserve Yahoo is a combination with MSFT
{Threei} - Icahn asks the Board to take back the poison pill severance plan, noting that Yang went to great lengths to sabotage MSFT
{Chaeron} sqnm
{kazaam} to the moon
{magoo} out sQNM .74 nowTY vad
{magoo} +.25
{Threei} wtg
{Threei} noe, what does SQNm even do?
{Threei} lol
{dino} gj
{magoo} oil??
{Threei} to return to smart flies topic for a sec... with very vague idea of what field SQNM is in, did it prevent us from finding it and profiting from it?
{kazaam} that is kinda one aspect of such active trading that i have to adapt to because i am so familar with watching one e-mini or one currency
{dino} v sm l ma .23
{Threei} this is not much different kazaam, if you adopt this view:
{Threei} we do not trade companies,
{Threei} we trade people.
{Threei} Their reactions
{Threei} patterns they display
{Threei} With this angle, it's all the same
{Threei} if you look at SQNM, you will see a big gapper,
{Threei} that consolidated for a while, then continued its run against all odds
{Threei} Now, ask long time room members
{Threei} how many times we saw and utilized this pattern
{Threei} even magoo who has serious case of alzheimers will tell you
{Threei} that he manages to remember about it when he sees big gapper
{Threei} It's all about seeing recognizable situation and applying the algortythm you have for it
{kazaam} i think ones i learn the basic patterns this room follows I will be alittle more comfortable
{kazaam} so much information
{Threei} sure, and trust me, they are very easy to identify
{kazaam} i am used to 1 chart, 2 patterns, trade
{Threei} ABK
{Threei} RESPONDS TO MOODY'S COMMENTS
{Threei} scond round of self-applauding
{Threei} DISAPPOINTED IN DECISION, REAFFIRMS HAS NO ADDITIONAL PLANS TO RAISE CAPITAL
{Threei} - disappointed by the Moody's announcement, particularly in light of the significant progress we have made to strengthen our capital position and refocus our business. Since March, we have raised $1.5 billion of capital bringing our claims paying resources, as calculated by Moody's, to approximately $15.3 billion; an amount which we believe satisfies Moody's target Aaa capital requirements as of March 31, 2008.
{Threei} - anticipating a $500 million capital cushion by the end of the second quarter
{Threei} - will continue to work aggressively to monitor and manage our portfolio and optimize capital allocation for the benefit of our shareholders and clients. The Board and management continue to explore all strategic alternatives and remain confident of the strong business value embedded within our enterprise.
{Threei} - CEO: Outside the mortgage-related exposures, the remainder of our portfolio is performing well, and in line with our expectations. We have presented Moody's with concrete near-term plans to deploy our people and expertise in the municipal market via our already-licensed, Connie Lee vehicle.
{Threei} in other words, two nice and fuzzy sheep are being harrassed by big bad moody
{magoo} so what does SQNM do?
{Threei} makes money for us
{Threei} good enough for an answer?
{Threei} oil 122.5?
{Chaeron} SQNM - Sequenom Inc., genetic analysis products
{Threei} hah
{Threei} I would haven been happy to say I contributed to genetic research today... but having sold I rpobably can't brag about it, can I?
{_rant} qid
{_rant} .93
{magoo} daily 2:30 smack down
{kazaam} did this room at one time only trade Nasdaq?
{Threei} yes
{Threei} we started adding listed stocks with ECN introduction on NYSE and AMEX
{Threei} that made executions as sure and lightening as on NASDAQ
{Chaeron} now we even trade porkbellies... Threei's favorite - bacon :)
{Threei} I have hard time trading it though
{Threei} I eat what I buy
{Threei} which is not very profitable
{kazaam} heh
{Threei} you should see some NYSE executions before ECN time
{Threei} instead of immediate fill once you click, time goes, nothing happens,
{Threei} then you either get your fill if stock moved against you
{Threei} or left out in the cold if it moved in your favor
{Threei} and when you click Cancel, they think for a while
{Threei} before granting you your wish
{Threei} Interestingly enough, when first talks surfaced about diluting specialist system with ECXNs and direct electornic executions
{Threei} specialists were up in arms
{Threei} I opined back then that in couple years they will be like dinosaurs
{kazaam} i didnt know execution was the reason for trading Nq only stocks, is NYSE mostly ECN execution now? or only a minority of issues?
{Threei} most of them
{Threei} everything I watch is infested with ECNs like Winnipeg with mosquitos
{Threei} that was major reason... electronic fill, garanteed if there are shares at your price on NASDAQ
{Threei} vs live specialist than gets your order
{Threei} and thinks whether he wants to give your shares to you or not
{Threei} TASR
{Threei} ARIZONA SUPREME COURT DENIES PETITION FOR REVIEW IN PRODUCT LIABILITY CASE AGAINST TASR
{Threei} - The Supreme Court's action lets stand a Court of Appeals decision to uphold a Maricopa County Superior Court jury's verdict in favor of TASER International in a product liability lawsuit brought forth by the former Maricopa County Sheriff's deputy.
{dino} netl stopped -.24
{dino} nyx l .20, stop .88
{_rant} r u short or long
{Threei} l = long
{_rant} ah
{Threei} dino speaks in codes
{Threei} and says if you don't understand me you are not worthy
{dino} llol
{Threei} I tried his approach by telling my wife it was not her business (she asked what I wanted for dinner)
{Threei} didn't really work out very well
{Threei} FED'S BERNANKE: INFLATION SIGNIFICANTLY HIGHER THAN WHAT THE FED WANTS, LONGER TERM INFLATION EXPECTATIONS RISING; PRICE STABILITY IS TOP PRIORITY FOR FED
{Threei} - Sees some echoes of 1970s, but repeat of wage-price spiral is unlikely
{Threei} - Notes that US has 'serious' oil shock, rising food, subpar growth
{Threei} - Remarks that the Fed is responsible for stable prices over medium term, large decline in economy's energy intensity helps reduce shock of higher prices
{dino} back in 15
{Threei} let's translate this:
{Threei} large decline in economy's energy intensity helps reduce shock of higher prices
{Threei} losing manufacturing jobs to overseas is a good thing, we need less energy
{Threei} why not go all the way and says, grounding airlines and putting cars on driveways is even better
{kazaam} are there any other stocks like RIMM that are traded very actively with decent volitility?
{magoo} like aapl
{Threei} RIMM and AAPL are permanent residents
{Threei} sometimes others added when some event gives them a puish
{kazaam} so LEH would be an example of that?
{Threei} SNDK often moves nicely, although range is less
{Threei} yes, totally
{Threei} KLAC often moves nicely
{Threei} BRCM and NVDA used to, we played them often
{Threei} not so much these days
{kazaam} yeah, back when i was trading WIZETRADE, i was losing money on NVDA and BRCOM
{Threei} woohooo
{Threei} green light red light!
{Threei} what a ripoff
{kazaam} hah, yep, thats how i got started, lost 1000 bucks and said no more
{Threei} in a few days, when you get your package
{Threei} in MPP you will see detailed explanation why it could never work
{dino} nyx stopped -.33
{kazaam} will be interesting to read about that, i coded some systems in Tradestation (not profitable systems) and I started to see exactly why it can't work
{dino} onxx l .00
{Threei} mildly interested in ZIXI
{Threei} nice break of 3 and nice move after, don't want to chase
{Threei} but if pulls back closer to 3, will consider
{dino} .02 too close nyx
{Threei} try to guess what MBI CEO could say
{Threei} right:
{Threei} CEO: NOT SEEKING TO RAISE CAPITAL AT THE MOMENT, CAN NOT RAISE CAPITAL WITH FULL KNOWLEDGE OF MOODY'S GUIDELINES
{Threei} LEH
{Threei} US OFFICIAL: FED AND SEC ARE IN DAILY CONTACT WITH LEHMAN
{Threei} why, if everything is so hunaky-dory?
{magoo} now is that to be interpretted "goood"
{Threei} I would classify it as worrisome
{Threei} but then again, I am a worry-wart: having less than 2 packages of bacon in the fridge is worrisome for me
{Chaeron} stock the freezer... it' keeps forever
{peterg} Hormel Microwaveable bacon!
{kazaam} i gotta jet early, see everybody tomorrow, adios!
{Chaeron} bye kaz
{Threei} take care kazaam
{magoo} bye kaz
{dino} later kazzer
{dino} kop s .92 stop .03
{dino} out onxx .08, +.08
{Threei} conflicted about ZIXI
{Threei} held 3.10
{Threei} tagged high again
{Threei} everything looks fine... I just am not sure I want to take it overnight
{Threei} probably let's just watch it tomorrow for another chance
{Threei} also, VVUS
{Chaeron} I like saying the name :) ZIXI.....
{Threei} hehe
{Threei} if finishes and opens about here, will be inetrested in 7.10 break
{Threei} trailing QTWW stop for the balance to .55
{dptl} have a good evening all....ty ..good day:)
{Threei} whew
{Threei} I was afraid I had to send dp a box of tissues
{Threei} and I hate waste money on tissues when there is a perfect solution in a form of sleeve
{dptl} lol...big boys never cry
{Threei} no??
{Threei} I gotta stop then
{dptl} :)
{dino} later dp
{Threei} Ok guys, thank you all
{Threei} have a good evening, see you tomorrow
{magoo} ty vad
{dino} cya
{Chaeron} 7.10 hitting on VVUS... wait for manana?
{dino} stop kop .99, -.07
{dino} thats all, thanks
Tuesday, June 3, 2008
Jun 03 2008
Session Time: Tue Jun 03 00:00:00 2008
[08:20] {Threei} LEH
[08:20] {Threei} COMPANY MULLING CAPITAL RASING AS A ONLY ONE OF SEVERAL OPTION
[08:20] {Threei} is bankruptsy another option?
[08:20] {Threei} oh I forgot... no such thing, fed to rescue
[08:20] {Threei} anyway... good morning
[08:21] {Threei} Good morning QTWW
[08:43] {cosmo} LRXX
[08:44] {cosmo} LXRX
[08:44] {cosmo} 2.50 so far
[08:44] {Threei} 06:30am [LXRX] Drug candidate for Carcinoid Syndrome, LX1032, receives Fast Track Status From the FDA
[08:45] {Threei} 2.5 important resistance to break on daily
[08:45] {magoo} morning
[08:45] {magoo} HEY, i did not need alternate server today
[08:45] {Threei} hi mags
[08:46] {Threei} yes, worked yesterday to fix the issue
[08:46] {Threei} found workaround to stop depending on chat host
[08:46] {Threei} well... don't take it as "I" found it... my tech knowledge is equal to one the cow possesses in ballet
[08:47] {Threei} but I managed the specialists :)
[08:48] {Threei} gotta make a decision on QTWW... sell the gap or try and hold for a swing
[08:48] {Threei} daily is ideal... each red bar day is on lower volume, each green is on higher
[08:49] {Threei} and still climbing slowly, no euphoric spike
[08:49] {magoo} wheres your entry?
[08:49] {Threei} 2.54
[08:50] {magoo} now ill tell u what u would tell me..."partial" lol
[08:51] {Threei} hmmm
[08:51] {Threei} what a novel concept
[08:51] {Threei} thank you :)
[08:52] {Threei} seeing how it goes through red-green days, it's tempting to sell into this gap and wait for a red day to re-enter,
[08:52] {Threei} but that also carries a chance of missing euphoric day
[08:52] {Threei} so I guess partial is da solution
[08:52] {Threei} it spikes, I ride on the balance,
[08:52] {Threei} it retreats, I re-buy sold half
[08:55] {Threei} now, ROYL gap I hate
[08:55] {magoo} he he,dcc quick
[08:56] {Threei} don't tell me you held it
[08:56] {Threei} I'll burst of envy
[09:01] {Threei} sold half at .74, +.20
[09:01] {Threei} 1.5K left
[09:01] {dptl} good morning all
[09:01] {Threei} dp :)
[09:05] {fernp} good morning all
[09:05] {Threei} fern :)
[09:07] {pita} gm everyone
[09:07] {Threei} pita :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {Threei} everyone gets in fine via main server today?
[09:11] {patience} gm RT, and thank you Vad, logged in great this morning
[09:11] {Threei} :)
[09:11] {Threei} hopefully this issue is put to rest
[09:11] {dino} sell the gap, i just did w/ipi from yesterday +.55
[09:12] {Threei} keep that address for reserve one handy
[09:12] {dino} livermore- take the gift
[09:12] {Threei} really :)
[09:12] {Threei} wtg
[09:12] {dino} :)
[09:12] {Threei} as far as I can tell, relocation to new hosting went smoothly
[09:13] {magoo} whatr the f is big ben saying on cnbc?
[09:13] {Threei} but if you run into broken links, missing images etc, please let me know
[09:13] {dino} nothing really
[09:13] {_Kazaam} dollar reacted well
[09:13] {_Kazaam} good morning
[09:14] {Threei} morning kazaam
[09:14] {Threei} IMF'S STRAUSS-KAHN: IT IS TOO SOON TO TELL IF SUB-PRIME CRISIS HAS PASSED, BUT THE BIGGEST PART OF THE FINANCIAL CRISIS IS BEHIND US
- Sees a credit squeeze in Europe, not a credit crunch.
[09:14] {Threei} - Does not see any more oil price increases
[09:14] {Threei} what did ben say?
[09:16] {Threei} US) FED CHAIRMAN BERNANKE: CONFIDENT DOLLAR WILL REMAIN ''STRONG AND STABLE''
- Fed is attentive to implication for dollar slide, dollar has contributed to the inflation and inflation expectations
[09:16] {Threei} - Dollar slide has contributed to unwelcome rise in import prices and inflation
[09:16] {Threei} - Says will make policy to guard against risks to growth and inflation and commitment to dual mandate will be key to ensuring dollar remains a strong and stable currency
[09:16] {Threei} - Notes that until housing stabilizes growth risks will remain to the downside
[09:16] {Threei} - Financial markets have improved but conditions remain strained and credit generally tight, expects strengthening of capital and liquidity regulations and greater disclosure requirements
[09:16] {Threei} - Inflation is high but pass though of costs to labor and products has been limited
[09:17] {Threei} dual mandate?
[09:17] {Threei} this makes me uneasy
[09:17] {Threei} feds mandate was to control inflation
[09:17] {Threei} (and we all know what a great job they did, right?)
[09:18] {Threei} if they widen mandate to keep economy strong as well, I am afraid they might do just a good job in that direction as well
[09:18] {magoo} is he qualified..seriously?
[09:18] {Threei} for what?
[09:19] {Threei} movie rankings?
[09:20] {esemde} good morning...it worked Vad...the alternate log in....tks
[09:20] {Threei} ji ese
[09:20] {Threei} hi :)
[09:20] {Threei} but we fixed main server
[09:21] {esemde} ha ha ha ha.........too funny
[09:21] {Threei} sorry :)
[09:21] {Threei} but hey, keep that one handy
[09:21] {Threei} who knows what gets broken tomorrow
[09:22] {Threei} I have unquestionable ability to break all things technology
[09:23] {_osbo} hi
[09:23] {Threei} osbo :)
[09:24] {esemde} osbo...welcome
[09:24] {dino} to the jungle
[09:27] {Threei} USD up, oil down
[09:27] {Threei} what else can one want for breakfast
[09:29] {dino} 2 eggs, bacon, and home fries w/toast
[09:29] {Threei} well... eggs and bacon
[09:29] {Threei} :)
[09:29] {Threei} no fries for me
[09:29] {dino} actually having planters peanuts
[09:31] {magoo} MA news vad?
[09:32] {Threei} 08:26am [MA] Price Target raised to $367 from $312 at Stifel; Maintains buy rating
[09:32] {magoo} so drops 7?
[09:33] {Threei} ROYL... grr
[09:33] {Threei} it's just its natural volatility mags... consider it a downtick :)
[09:34] {magoo} ROYL 10 comith
[09:34] {Threei} 05:46am [AUXL] XIAFLEX meets primary endpoint with statistical significance in CORD I pivotal Phase III study for Dupuytren's Contracturw
[09:34] {Threei} not fresh
[09:35] {Threei} GEORGE SOROS REITERATES THAT RECENT PRICE RISE IN COMMODITIES HAVE SIGNS OF A BUBBLE
[09:35] {Threei} you don't say
[09:36] {esemde} any commodity in particular....OIL maybe?
[09:36] {Threei} LEH
[09:36] {Threei} looking for short entry
[09:37] {Threei} 32.90 breakdown level
[09:37] {Threei} I'd like closer to resistance though
[09:37] {Threei} aggrwessive entry around .35
[09:38] {Threei} first weakness from here
[09:40] {Threei} in, stop above .85
[09:40] {Threei} got .63
[09:42] {_rant} SEED ?
[09:42] {_rant} down 10%
[09:42] {Threei} forget it
[09:42] {Threei} bs stock
[09:42] {_rant} ok :)
[09:42] {Threei} stop to .76 LEH
[09:43] {Threei} half out
[09:43] {Threei} +.21
[09:43] {Threei} stop to .71
[09:44] {dino} mvsn?
[09:44] {Threei} nothing fresh
[09:45] {Threei} out balance LEH
[09:45] {Threei} not sure what it's going to do from here
[09:45] {Threei} chart becomes looking more like bounce
[09:46] {Threei} oh well
[09:46] {Threei} next
[09:47] {esemde} L GRMN 51.99 1/2 lot
[09:47] {dino} arex
[09:48] {esemde} grmn bouncing all over the place
[09:48] {Threei} can I have my LEH back?
[09:48] {Threei} ABC NEWS: IRAN SAYS TO PURSUE ATOMIC DRIVE DESPITE TRADE OFFER
[09:48] {esemde} out grmn .27
[09:49] {esemde} +.28
[09:49] {Threei} wtg
[09:49] {esemde} dangerous one that one
[09:50] {dino} mvsn sm l .45 ave
[09:50] {fernp} out JBL +.23
[09:50] {Threei} ACOR
[09:50] {Threei} .15 small shares long
[09:50] {Threei} if stays above .90
[09:51] {dino} kndl
[09:52] {dino} gj fernp
[09:52] {esemde} ACOR 1/2 lot .90 ...i'm with ya Vad
[09:52] {Threei} too aggressive
[09:52] {esemde} stopped Acor.......that was fast
[09:52] {esemde} yep
[09:53] {esemde} live and learn
[09:53] {Roman} 21 EMKR radar
[09:54] {Roman} 21 JRJCtaking small
[09:54] {Roman} 21 very risky, wide stop
[09:54] {Roman} 21 24.20
[09:55] {dino} kndl sm s .50 stop .84
[09:56] {magoo} aCOR invalidated vad?
[09:56] {Roman} 21 OMNI
[09:56] {Roman} 21 long off 6
[09:56] {Threei} of course
[09:56] {fernp} out S +.10 scalp is scalp
[09:58] {dino} gj
[09:58] {Threei} LEH, another short here with stop above 33.10
[09:59] {Roman} 21 EMKR long setup
[09:59] {Roman} 21 in
[10:00] {Roman} 21 8.14 1/2
[10:00] {Threei} APRIL FACTORY ORDERS: 1.1% V -0.1%E- prior revised from 1.3% to 1.5%
[10:00] {dino} all is well then
[10:00] {Threei} yup
[10:00] {Roman} 21 long WB
[10:01] {Roman} 21 22.85
[10:01] {Roman} 21 market recovery may help
[10:01] {fernp} out QQQQ +.15
[10:01] {dino} de sm l .50
[10:02] {Threei} new low LEH
[10:03] {Threei} half out .55
[10:03] {Roman} 21 out 1/2 OMNI +28
[10:03] {Threei} +.34
[10:03] {Threei} out in full
[10:03] {Threei} got .38 on exit
[10:03] {Threei} .89 - .38...
[10:04] {Threei} my math abilities are not too good
[10:04] {magoo} .68 vad
[10:04] {fernp} out 1/2 IPG +.10
[10:04] {Threei} wow... what a bounce
[10:05] {dino} kndl spread gonna get me
[10:05] {Threei} anyone did LEH?
[10:05] {magoo} missed it
[10:06] {Threei} QTWW, my little cutie
[10:06] {Roman} 21 out 1/2 WB +.25
[10:06] {Threei} nice Roman
[10:06] {pita} +.26 ty
[10:07] {Threei} on what pita?
[10:07] {pita} leh
[10:07] {Threei} :)
[10:07] {pita} sm shares only
[10:07] {Threei} yeah, thing is volatile
[10:07] {Roman} 21 long CPSL small
[10:07] {Roman} 21 5.53
[10:08] {Roman} 21 ctdc
[10:08] {Threei} but... remember Geo's trade when I called BSC short at 50?
[10:08] {Threei} his comment was "never saw that much money made on 100 shares" lol
[10:08] {Threei} btw, Geo on one month leave, asked to say hello to you
[10:09] {Threei} wow OMNI
[10:09] {Threei} hitting them just right Roman
[10:10] {Roman} 21 BCON
[10:11] {dino} out de .98, +.48
[10:12] {Chaeron} good morning everyone
[10:12] {Threei} chaeron :)
[10:13] {dino} mvsn stop to .49
[10:13] {dino} gm chaer
[10:14] {Chaeron} heya 3i, dino
[10:14] {Threei} remember we picked LEH as main short target for today vs MER?
[10:14] {Threei} look at both
[10:14] {Threei} LEH down over a buck
[10:14] {Threei} MER merely 30+cents
[10:14] {dino} sohu
[10:15] {dino} cgrb
[10:17] {dino} arex s .61 sm
[10:18] {Threei} dp, look dcc please
[10:18] {Threei} FEED holding well
[10:18] {Threei} .90 half lot long if stays above .75
[10:19] {dino} arex stopped .88 -.27
[10:20] {Threei} XIDE .41 long half lot
[10:22] {Threei} stop under .30
[10:23] {Threei} ese, look dcc please
[10:26] {Threei} ASIA
[10:26] {Threei} break of .20 long
[10:27] {Threei} stop under 14
[10:30] {Threei} HEARING STRENGTH ATTRIBUTED TO RUMOR THAT DRIV HAS DROPPED OUT OF CONFERENCE
[10:30] {Threei} huh?
[10:30] {Threei} someone is totally desperate wbout coming up with explanations
[10:31] {Threei} LEH is bottomless
[10:31] {Threei} asia
[10:31] {Threei} market pullback held it back, let's see is it ramps up with bounce
[10:32] {pita} in asia
[10:34] {Threei} OMNI new high... still in Roman?
[10:34] {Roman} 21 yes, still got 1/2
[10:35] {Threei} nice
[10:35] {Roman} 21 still in JRJC
[10:35] {Roman} 21 GEOI
[10:35] {Roman} 21 nothing
[10:36] {dptl} stopped xide
[10:36] {Roman} 21 COIN bouncing today
[10:39] {Threei} why did I ever bother to cover LEH?
[10:40] {dino} hrs sm l .42
[10:41] {judijim} hello everyone, good morning
[10:42] {Threei} jj :)
[10:42] {Chaeron} hijj
[10:43] {magoo} jj:)
[10:47] {fernp} ORCL
[10:51] {Threei} HILLARY CLINTON ACKNOWLEDGE TONIGHT THAT OBAMA HAS NOMINATION - SOURCES
[10:53] {fernp} out 1/2 ORCL +.20
[10:56] {Chaeron} watch Obama ask Clinton for VP slot... and I don't mean Hillary... :)
[10:57] {Threei} I can't find words powerful enough to express my awe and admiration for QTWW
[10:57] {Chaeron} geeesh... get a room...
[10:58] {Threei} you are just envious
[10:59] {Threei} of our great mutual love
[10:59] {fernp} out ORCL +.30
[10:59] {Threei} wtg
[10:59] {Threei} that was fine setup fern
[10:59] {Roman} 21 out remaining OMNI +.72
[10:59] {Threei} looked when you mentioned it
[11:00] {Chaeron} happy for you both... now can ASIA find some love?
[11:00] {Threei} that's simply indecent Roman
[11:00] {fernp} easy to read
[11:00] {Chaeron} Nice one Roman!
[11:00] {dino} gj
[11:00] {Threei} who makes 72 cents on $6 stock?
[11:01] {Roman} 21 thanks
[11:01] {dino} rfr does
[11:04] {Threei} FED CHAIRMAN BERNANKE: REMAINS SKEPTICAL OF THE ABILITY OF CENTRAL BANKS TO PRICK ASSET BUBBLES, NEED TO EXAMINE HOW CENTRAL BANKS RESPOND TO BUBBLES
- Banks can potentially use supervision, regulation to address asset bubbles, brokers, banks must be prepared for strains, it is necessary to ensure that all systemically important financial firms buffered against shocks, Fed direct interaction with banks is key to adequate oversight.
[11:04] {Threei} - Says that much of the USD drop since 2002 has been unwinding of past gain
[11:04] {Threei} this unwinding is part of the process of restoring the global trade balance.
[11:04] {Threei} - Weakening of the USD has had some inflationary impact, a modest commodity price impact.
[11:04] {Threei} - Supply and demand factors are the most important components of commodity prices.
[11:04] {Threei} - The rise in commodity prices are a major shock to inflation and consumer purchasing power
[11:11] {Roman} 21 out 1/2 CPSL +.30
[11:11] {Roman} 21 out JRJC -.31
[11:11] {Threei} finally
[11:11] {Threei} now we know Roman is human
[11:12] {Roman} 21 thanks, by the way, i love the video interview on your home page vad
[11:12] {Roman} 21 when was that taken?
[11:12] {Threei} in vegas
[11:12] {Threei} same year we met there
[11:12] {magoo} roman interwiew?
[11:13] {Threei} and you scared the heck out of me when almost strangled me as I tried to take your custard
[11:14] {Threei} no mags, mine
[11:15] {Threei} Roman's interview was scheduled but never posted... they thought "don't touch my custard if you want to see the light of the next day" was a bit too short
[11:16] {Roman} 21 :)
[11:16] {Threei} and he refused to talk about anything elose, saying "this is my only message to the world and future generations"
[11:16] {magoo} :)
[11:18] {Threei} jeez ASIA, what's your problem
[11:18] {Threei} go already
[11:19] {Threei} just so you know... roman's love for custard is exceeded or matched only by my love for bacon... and trying to take it from him is as risky as holding 10K of GOOG overnight
[11:19] {dino} you guys are making me hungry
[11:20] {esemde} signing off see you all tomorrow
[11:20] {Threei} take care ese
[11:20] {magoo} really..i have a lunch craving for a BLT sandwiche, xtra bacon
[11:20] {dino} cya es
[11:36] {Threei} S&P: LEH DOES NOT HAVE A CAPITAL ISSUE 'AT THIS TIME', UNDERSTAND LEH IS LOOKING TO RAISE MORE CAPITAL
[11:36] {Roman} 21 VLNC picking up some steam
[11:36] {Threei} yeah, looking at it for a few days, can't make up my mind about it
[11:37] {Threei} wow COIN
[11:37] {Threei} what's up
[11:37] {Roman} 21 just a bounce IMO
[11:37] {Threei} US TREASURY: BERNANKE AND PAULSON ARE COMMITTED TO POLICIES FOR PROPERLY FUNCTIONING MARKETS AND ECONOMY - SPOKESPERSON
[11:38] {dptl} nvtl?
[11:38] {Threei} oh good... I was afraid they were looking to implement improper policies
[11:38] {Threei} probably worth a try for scalp at .83, dp
[11:39] {dptl} ok ty
[11:42] {dino} gymb'
[11:44] {Threei} LEH
[11:44] {Threei} painsd me to say... but break of .50 priobably a long scalp
[11:48] {Threei} if holding above .35
[11:56] {Threei} 1;1
[11:56] {dino} dgly
[11:58] {Threei} anyone did LEH on break?
[11:59] {dptl} me +.19 ty
[11:59] {magoo} sorry to report..i missed all 3 of your LEH today
[11:59] {Threei} CLINTON CAMPAIGN CHAIRMAN DISPUTES REPORTS OF CLINTON CONCESSION OF DEMOCRATIC NOMINATION TUESDAY , NOTES RECENT REPORTS AS INCORRECT
[12:00] {Threei} PREVIEW: MAY US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
DRAFT
[12:00] {Threei} **consensus estimates:
[12:00] {Threei} - Ford: -17.5%e adjusted basis (usually released at Noon ET).
[12:00] {Threei} - GM: -23%e adjusted basis (usually released around 1:45pmET).
[12:00] {Threei} - May 2008 had 27 selling days, one more than May 2007. On an unadjusted basis, the estimates above would be higher by about 4%
[12:00] {Threei} is it ugly or what
[12:00] {dino} indeed
[12:01] {Threei} Ford
[12:01] {Threei} TOTAL VEHICLE SALES DOWN 16% FOR MAY, AFFIRMS Q2 AND Q3 PRODUCTION TARGETS
[12:07] {pita} later guys
[12:09] {Threei} take care pita
[12:11] {dino} plce
[12:22] {dino} mvsn out .82 +.37
[12:27] {Threei} LEH, same setup again
[12:27] {Threei} .50 break
[12:28] {magoo} if this is only one i try..it is certain to fail :(
[12:29] {dino} plce sm l .68
[12:34] {Chaeron} LEH has to hold .30?
[12:34] {Threei} .30 -.35 area
[12:34] {Chaeron} thx
[12:37] {Chaeron} in
[12:37] {Chaeron} .51
[12:39] {Threei} DAI REPORTS MERCEDES-BENZ CAR SALES UP 12% IN THE US IN MAY
[12:39] {Threei} NSANY REPORTS MAY US NISSAN AND INFINITI BRAND SALES UP 4.4%
[12:43] {Threei} don't you hate ACOR
[12:43] {Threei} no clean entry on either breakout or pullback
[12:50] {dino} stop/covkndl .69 -.19
[12:51] {Roman} 21 NCOC long
[12:51] {Roman} 21 small
[12:51] {Roman} 21 7.82
[12:55] {dptl} stopped leh
[12:55] {Threei} yeah
[12:56] {dino} plce stop to b/e
[12:58] {dptl} ah ....just can't win these days...taking a break
[12:58] {Threei} hmmm
[12:58] {Threei} 4 calls on LEH
[12:58] {Threei} 3 winners, 1 stop
[12:58] {dptl} only did 2
[12:58] {Threei} if that qualifies as "can't win"...
[12:58] {dptl} i did some other trades
[13:00] {dino} shake it off dp, we all go through slumps
[13:00] {dino} remember, good trading is not about being right, it's about trading right
[13:01] {dino} gymb taunting me
[13:01] {Chaeron} back... stopped on LEH - sorry Vad
[13:04] {magoo} [12:29] {magoo} if this is only one i try..it is certain to fail :(
[13:04] {Threei} yuo guys are full of optimism
[13:04] {Threei} I am leaving for Tibet cave
[13:04] {Threei} for 3 years
[13:05] {Threei} this is how long it's going to take to shake off this outlook
[13:06] {dino} hmmm (dino not in that group)
[13:06] {Threei} no
[13:06] {Threei} it's like you expect yourself to lose
[13:06] {dino} cme
[13:06] {Threei} ever seen anyone winning while being already resigned?
[13:07] {dino} i must agree w/you
[13:09] {Threei} CFTC: WITHDRAWING PROPOSALS TO BOOST SPECULATIVE LIMITS ON CERTAIN AGRICULTURAL FUTURES
- Notes it will ask for more information from swaps dealers and index traders.
[13:09] {Threei} - Planning a monthly publication of trader information regarding agricultural markets starting in July.
[13:10] {dino} good
[13:17] {dino} plce stop to .94
[13:19] {Threei} ABK CEO: FIRM HAS NO LIQUIDITY WORRIES - TV INTERVIEW
[13:19] {dino} to .08
[13:20] {dino} out .18 +.50
[13:20] {dino} abk sounds familiar, same speach in march
[13:21] {Threei} and same as BSC couple days before demise {G}
[13:22] {Threei} oil losing 125
[13:22] {dino} yes, leh similar too
[13:22] {Threei} UAUA moved a bit today
[13:23] {Threei} DAL too
[13:23] {Threei} and NWA
[13:23] {Threei} airlines benefit from oil dump
[13:24] {dino} going to need a much bigger oil dump for them to stay out of chapter 11
[13:24] {Threei} true
[13:24] {dino} where does cme bottom, -130+ points in a month
[13:25] {dino} to 350 strike perhaps
[13:25] {Threei} OBAMA GAINS THE DEMOCRATIC NOMINATION, ACCORDING TO AP DELEGATE COUNT
[13:26] {magoo} where i short it dino
[13:27] {dino} cme?
[13:29] {dino} my original call last week was 400, now 350 by expiration, but today, imo, the safer play is long after this 25 pt drop from 10:00 am
[13:32] {dino} hrs stopped -.42
[13:32] {Threei} what just happened?
[13:32] {Threei} I see no news for this dump
[13:33] {fernp} what had happened?
[13:33] {Roman} 21 maybe its the OBAMA NEWS
[13:34] {cosmo} they find obama?
[13:34] {cosmo} oops
[13:34] {Threei} wierd
[13:34] {Threei} it's not like it's an unexpected news
[13:35] {fernp} nothing in briefing.com
[13:35] {Threei} and it's not like he is already a president
[13:36] {dino} it's the obama/hillary ticket scaring the sh#t out of markets
[13:40] {dino} breaking yesterdays lod
[13:40] {dino} dji
[13:41] {Chaeron} was the market thinking that they were going to release the alledged Michelle tape and Hillary would get the nom?
[13:42] {_rant} 10:41] {_rant} what made the mkt tank
[13:42] {_rant} [10:41] {_rant} was away for 30 mins
[13:42] {_rant} [10:41] {_rant} and red everywhere
[13:42] {dino} market is thinking much higher taxes coming next year, capital gains to 28% for starters
[13:43] {Threei} our current guess is, Obama winning nimonation, rant
[13:43] {dino} of course, it could just all be magoos' fault
[13:43] {Chaeron} would we had rallied if Senator clinton won?
[13:44] {Threei} good question Chaeron
[13:45] {dino} either way, not market friendly imo
[13:46] {dino} but....obama showing weakness considering hillary. we know she would not have choosen him
[13:49] {Threei} I don't know what to make of this selloff
[13:49] {Threei} staying on a sideline
[13:49] {Roman} 21 6.2 quake shakes Solomon Isles; no tsunami warning issued - DJ
[13:49] {dino} waiting for ipi around 47.30s
[13:50] {Chaeron} I still think that he should ask Bill to be the VP... He'd accept, just out of ego, even in the face of his his wife losing the nom...and it would be a love fest for the party lol
[13:52] {dino} can he, constitutionally, be pres. again?
[13:52] {dino} vp could end up pres.
[13:55] {Threei} look at LEH
[13:56] {fernp} OIL and market falling
[13:56] {Threei} yes
[13:56] {Threei} HEARING NEGATIVE CHATTER CIRCULATING IN LEHMAN; CHATTER LEHMAN ACCESSING THE FED DISCOUNT WINDOW
[13:56] {Threei} uh oh
[13:56] {dino} bsc all over
[13:58] {fernp} Banking index -BKX- breaks under its 5-yr low
[13:59] {_rant} any read on WFR ?
[13:59] {_rant} its just dropping
[13:59] {Threei} no
[13:59] {Threei} stay away
[14:00] {Threei} in this market you can lose your shirt in a blink of eye
[14:00] {_rant} crap...already in
[14:00] {_rant} ya...
[14:00] {_rant} money evaporating...
[14:00] {Threei} in where, long, short?
[14:01] {_rant} long
[14:01] {_rant} at 65.5
[14:01] {_rant} sucks..
[14:01] {Threei} wow
[14:01] {Threei} why no stop??
[14:01] {_rant} dumb move..
[14:02] {_rant} now lickin my wounds
[14:02] {Threei} ok... trading without stops is surefire way to disaster
[14:02] {_rant} yes it is..
[14:02] {Threei} a lot of people checked it for themselves
[14:02] {Threei} why do you need to join them?
[14:03] {_rant} was getting stopped out..just to see it reverse
[14:04] {Threei} I don't understand
[14:04] {Threei} there is a stop level for any setup
[14:04] {Threei} it's hit, you are out
[14:05] {_rant} broke my own rule...deserve to lose money
[14:07] {Threei} IMO, this market selloff is LEH, not Obama
[14:07] {dino} agree, bit of panic in brokers
[14:07] {dino} but, let's blame the politicians anyway
[14:07] {Chaeron} LKEH shorted itself... they'll be fine
[14:07] {Chaeron} LEH
[14:08] {Threei} lol
[14:08] {Threei} I am really interested how it's going to unfold
[14:08] {dino} i bet you gs shorted them
[14:08] {Threei} they can't repeat BSC scenario
[14:08] {Roman} 21 Bush signs amended credit-card law to reduce retailer lawsuits - Bloomberg
[14:09] {Threei} and they say they can't let the big bank fail
[14:10] {Roman} 21 long WB
[14:10] {Roman} 21 small
[14:10] {Roman} 21 21.58
[14:11] {Roman} 21 out WB
[14:11] {Roman} 21 +.01
[14:13] {dino} lol
[14:14] {magoo} nice roman :)
[14:14] {Roman} 21 every penny counts
[14:14] {magoo} 10k shgares?
[14:14] {Roman} 21 2k
[14:14] {dino} y, just busting you
[14:16] {_Kazaam} are you guys seeing occasional $1 dollar and 50cent spikes on LEH? or is that just my data feed
[14:16] {Threei} not here
[14:17] {Threei} chart matches level 2 and T&S
[14:17] {_Kazaam} well, i guess you get what you pay for when you use Barcharts.com Ninja trader feed
[14:19] {_Kazaam} what broker would guys suggest for your style of trading? or for somebody just starting out in stocks?
[14:19] {dino} direct access
[14:20] {_Kazaam} mbtrading?
[14:20] {Chaeron} see the stuff on LASER on realitytrader home page?
[14:20] {_Kazaam} yes
[14:20] {Chaeron} wow... someone in this room that can read... :))
[14:20] {Threei} that would not be me
[14:20] {magoo} his spelling is good too
[14:20] {Chaeron} pfffft... you just write
[14:20] {Threei} yes
[14:21] {Threei} but I can't read what I write
[14:21] {_Kazaam} i never said i could read, LASER had pretty pictures
[14:21] {Threei} rofl
[14:21] {Chaeron} oh brother... you'll fit in here just fine :)
[14:21] {Chaeron} me stopped on ASIA.... took too dang long
[14:22] {Roman} 21 time to buy QQQQs
[14:22] {Roman} 21 bidding QQQQ 48.77
[14:22] {dptl} laser had pretty pictures ...lol.....you should see laser live it's like christmas every day
[14:23] {Roman} 21 long WB
[14:23] {Roman} 21 small, 21.10
[14:25] {Roman} 21 out WB
[14:25] {Roman} 21 +.15
[14:25] {Chaeron} nice scalp
[14:25] {Roman} 21 in QQQQs 48.73
[14:27] {Chaeron} got .72 here Roman... thank you
[14:27] {dino} gj
[14:27] {Roman} 21 please don't thank until we are out of position
[14:28] {Roman} 21 u are right vad LEH is partially responsible for the selloff
[14:28] {fernp} bad tick in LEH ?
[14:28] {fernp} low 22.85
[14:29] {Threei} I don't have it
[14:29] {Threei} 28.98 low here
[14:30] {dino} 22.85
[14:34] {dino} 8.95 tomorrow at open (memories)
[14:37] {Roman} 21 out QQQQ +.10
[14:38] {dino} ipi sm l .60
[14:39] {_rant} nice roman
[14:39] {_rant} u r pretty much in the zone
[14:39] {Chaeron} out .83 Roman +.11... now may I thank you?
[14:39] {Roman} 21 let me think about it
[14:39] {Chaeron} thanks any way
[14:39] {Roman} 21 yw
[14:43] {magoo} man..i got a lesson today on MA
[14:43] {magoo} never really knew it was that wild
[14:43] {Roman} 21 LEH decent bounce
[14:43] {Roman} 21 WB
[14:43] {Roman} 21 maybe get a scalp here
[14:44] {Roman} 21 21.42
[14:45] {Roman} 21 i'll pass
[14:51] {dptl} out +.20 wb ty Roman
[14:51] {Threei} I am getting my half of QTWW back here
[14:51] {Threei} very much looks like double bottom on intraday
[14:51] {Threei} and support from yesterday
[14:52] {dino} out ipi .00, +.40
[14:53] {dino} ok, gotta hop for 30 or so, accountant issues
[14:53] {_rant} entry vad ?
[14:54] {Threei} got .63
[14:54] {_rant} and all imp SL ?
[14:54] {Threei} hmm?
[14:54] {_rant} stop loss
[14:55] {Threei} well, it's a swing trade for me, from yesterday
[14:55] {Threei} my original entry was .64,
[14:55] {_rant} ah ok
[14:55] {Threei} sold half at .74 this morning,
[14:55] {Threei} got it back now at .63,
[14:55] {Threei} so I'd think .49 is my logical stop
[14:56] {Threei} for a new entry it's a different structure
[15:04] {Roman} 21 LEH Lehman Brothers denies speculation it accessed Fed borrowing window (31.72 -2.16) -Update-
[15:04] {Roman} 21 nice
[15:04] {Roman} 21 WB again
[15:05] {magoo} vasd, im 50 bux in the hole..find me a winner ..paaaaallllleeease
[15:06] {Chaeron} lol... I must buy twice as much as you magoo
[15:07] {Chaeron} maybe not a good time to bother Vad magoo... he's too busy pitching woo to QTWW
[15:07] {Threei} 50 bucks?
[15:07] {Threei} you could have already made it on that same QTWW
[15:09] {Threei} REPORTEDLY LEHMAN TREASURER DENIES SPECULATION THAT IT HAS ACCESSED FED BORROWING FACILITY; NOTES LAST TIME ACCESSED FACILITY WAS APRIL 16- Notes its liquidity position in Q2 is $40B vs $34B at end of Q1
[15:09] {magoo} coulda..shoulda...c'mon...get me something
[15:10] {Threei} I did... but you need to take me off ignore if you want to see my calls {G}
[15:10] {magoo} i know...
[15:10] {Threei} now, I know you enjoy clicking that Ignore button
[15:11] {magoo} i do..plus u ignore me so i feel like its revenge :)
[15:11] {Threei} but look at the price:
[15:11] {Threei} even if you took lousy 1000 shares of QTWW
[15:11] {Threei} at not the best price available, .65 let's say
[15:12] {Threei} you qwould have been up over 100 bucks already
[15:12] {Threei} which takes care of your pain and suffering
[15:12] {Threei} and even gets you in the black
[15:12] {Threei} sooo... sweet revenge or making money... chose wisely :)
[15:17] {magoo} somehow i feel..as while u type all this...u are not putting forth best effort for my next trade lol
[15:17] {Threei} no... I am not done tormenting you about previous one :)
[15:18] {magoo} and how can i put a price on sweet sweet revenge?
[15:18] {magoo} u, being a mean man of sort..can relate
[15:18] {Threei} me? I am warm and fuzzy
[15:20] {magoo} your so cold...i heard it was your original idea for the quebec ice hotel
[15:21] {Threei} actually, they killed it
[15:21] {Threei} I didn't mean to have blankets, fireplaces etc in it
[15:21] {Threei} it was meant to be just ice
[15:21] {magoo} ROFLOL
[15:21] {magoo} i have immediate family that went there
[15:21] {magoo} actually, they froze
[15:24] {Threei} market's fate is in LEH hands for the next few sessions
[15:24] {Threei} LEH goes the way of Dodo and BSC - market drops like there is no tomorrow
[15:25] {Threei} LEH proves to be honest when says "no problem" (give me a minute to laugh out loud) 0 market explodes tio the upside
[15:26] {_rant} worth going long on WB at 21.7 ?
[15:27] {Threei} Roman's baby... I don't have a grip on it
[15:28] {Threei} ROYL
[15:28] {magoo} alright, + 100 without u...IN YOUR FACE
[15:28] {Threei} hehe
[15:28] {magoo} revenge rules lol
[15:28] {Threei} on what?
[15:29] {magoo} rimm
[15:29] {magoo} old faithful
[15:29] {Threei} :)
[15:29] {magoo} .69 to .97
[15:29] {Threei} ROYL poullback closer to .50
[15:29] {Threei} risky scalp long
[15:29] {magoo} now..u trying to make me lose it????
[15:31] {Threei} don't chase
[15:31] {Threei} it's pullback or let it go
[15:33] {_rant} wot a reversal
[15:33] {_rant} dont know how to trade this crazy mkt
[15:34] {Threei} sit it out
[15:34] {Threei} no need to be in the middle of every battle
[15:34] {_rant} ya...
[15:34] {_rant} lucky WFR recovered
[15:34] {_rant} plain lucky
[15:34] {Threei} take a gift...
[15:34] {Threei} and swear never to do it again
[15:35] {_rant} how do u keep urself soo calm n focused
[15:35] {Threei} this kind of things will simply put you out of business
[15:35] {_rant} its amazin
[15:35] {magoo} hes a machine
[15:35] {Threei} I do it for 12 years... every day
[15:35] {_rant} i know
[15:35] {magoo} like hal in space odessy
[15:35] {magoo} mastrer computer running this room
[15:35] {_rant} traders are known to breakin their rules..
[15:35] {Threei} if I was taking it with such tension, I would have burnt out long ago
[15:38] {_rant} lot to learn from you !!
[15:38] {Threei} look at ROYL
[15:39] {Threei} see mags... I was trying to make you money... again
[15:39] {Threei} (all to no avail)
[15:39] {_rant} some ppl can retire with such trades..
[15:39] {Threei} good idea actually
[15:39] {_rant} :)
[15:41] {magoo} oh contrare monfrare
[15:41] {Threei} sheesh... I am not learnbing another language
[15:42] {magoo} in royl
[15:42] * Threei slaps magoo around a bit with a large trout
[15:43] {Threei} notice: I did it in calm and focused manner
[15:43] {magoo} OUT .18 LOL
[15:43] {magoo} ty
[15:43] {Threei} from?
[15:43] {magoo} .86
[15:43] {Threei} wtg
[15:43] {Threei} good way to finish the day
[15:44] {Threei} now...
[15:44] {Threei} looking at OMNI
[15:44] {Threei} it moved a bit with ROYL
[15:44] {magoo} whren u said do not chase..i figured hmm..he wants to hurt me ,..so i went in
[15:44] {Threei} lol
[15:44] {Chaeron} logical
[15:44] {Threei} at the moment pullback to .50 was best entry
[15:44] {magoo} cause watching a runner hurts
[15:45] {Threei} question is,
[15:45] {Threei} has OMNI a good chance to gap?
[15:45] {Threei} or LEH goes belly up overnight and all gaps are eliminated :)
[15:45] {magoo} not great day..but winn streak contuinues to day 6
[15:45] {Threei} not great eh?
[15:45] {magoo} in a tiough market for magoo
[15:45] {Threei} made money and whining
[15:45] {Threei} sigh
[15:45] {magoo} up 200
[15:46] {Threei} the nerve on some
[15:46] {magoo} id slap me
[15:46] {magoo} id=i'd
[15:47] {Threei} thus I won't
[15:47] {magoo} xcuse me..day 7
[15:47] {Threei} argh... that did it
[15:47] {magoo} if majke it out today alive
[15:47] * Threei slaps magoo around a bit with a large trout
[15:47] {Threei} alive yes, but this fishy smell...
[15:47] {Threei} OK, I'll take some OMNI I guess
[15:47] {Threei} risky
[15:48] {magoo} not 1..but 2 today...alls well
[15:51] {Threei} OMNI on the move
[15:52] {Threei} PPC
[15:52] {Threei} STATES COMPANY DOES NOT SHIP CHICKEN TO RUSSIA
[15:52] {Threei} lol
[15:52] {Threei} neither di I
[15:52] {Threei} but I don't run around posting headlinea about it
[15:52] {_Kazaam} lol
[15:52] {Threei} OMNI baby
[15:52] {Threei} half out
[15:52] {Threei} half for overnight
[15:53] {Threei} that was another 150 bucks for you mags
[15:53] {Threei} now... may I hope to be taken off ignore?
[15:53] {_rant} how do u spot breakouts ?
[15:54] {Threei} scanner
[15:54] {Threei} it spits them out like tennis ball machine
[15:54] {_rant} and scan for what kind of formula
[15:54] {Threei} not formula
[15:54] {Threei} chart fomration
[15:54] {Threei} formation
[15:55] {_Kazaam} are you using trade ideas?
[15:55] {Threei} our version of it
[15:55] {Threei} IntelliScan
[15:55] {Threei} has our setups built in
[15:56] {_rant} i use strategyDesk
[15:56] {Threei} including JBE and DBI, my setups for breakout/breakdown
[15:56] {_rant} jbe ?
[15:56] {Threei} OK... you need to read some of our matwerials :)
[15:56] {_rant} ya :0
[15:56] {Threei} techniques of tape Reading
[15:56] {Threei} The master profit plan
[15:56] {Threei} these two is a must
[15:57] {Threei} scalping video course IF you focus on intraday trading
[15:57] {Threei} I am ready to answer any questions, but you realize I can't retype whole book here :)
[15:58] {_rant} sure..will go through it..
[15:58] {Threei} btw
[15:58] {fernp} IMO video course also is a must
[15:58] {Threei} if after reading through the website you decide you need it, pay attention to best value offer
[15:59] {_rant} but wot i am not clear is, u still have to tell intelliscan software wot u r looking for
[15:59] {Threei} MPP, videocourse and online course, and psych CDs ASND two months of room on top
[15:59] {Threei} that's not even value... that's a steal
[15:59] {_rant} based on some conditions it will pop out some stocks..right
[15:59] {Threei} there are preconfigured strategies in it rant
[16:00] {Threei} can tweak them all you want,
[16:00] {Threei} or can use them as it is
[16:00] {_rant} i see
[16:00] {Threei} OK guys, gotta leave now
[16:00] {Chaeron} QTWW :)
[16:00] {Threei} have accountant appointment on corporate taxes
[16:00] {Threei} yes chaeron :)
[16:01] {Threei} thank you all
[16:01] {Chaeron} thanks Vad
[16:01] {fernp} TY vad
[16:01] {Threei} turned out a rather nice day
[16:01] {_rant} thanks vad
[16:01] {Threei} see you tomorrow
[16:01] {dptl} have a good evening all
[16:01] {_Kazaam} adios everybody
[16:03] {magoo} TY vad
[16:03] {magoo} thanx all
[08:20] {Threei} LEH
[08:20] {Threei} COMPANY MULLING CAPITAL RASING AS A ONLY ONE OF SEVERAL OPTION
[08:20] {Threei} is bankruptsy another option?
[08:20] {Threei} oh I forgot... no such thing, fed to rescue
[08:20] {Threei} anyway... good morning
[08:21] {Threei} Good morning QTWW
[08:43] {cosmo} LRXX
[08:44] {cosmo} LXRX
[08:44] {cosmo} 2.50 so far
[08:44] {Threei} 06:30am [LXRX] Drug candidate for Carcinoid Syndrome, LX1032, receives Fast Track Status From the FDA
[08:45] {Threei} 2.5 important resistance to break on daily
[08:45] {magoo} morning
[08:45] {magoo} HEY, i did not need alternate server today
[08:45] {Threei} hi mags
[08:46] {Threei} yes, worked yesterday to fix the issue
[08:46] {Threei} found workaround to stop depending on chat host
[08:46] {Threei} well... don't take it as "I" found it... my tech knowledge is equal to one the cow possesses in ballet
[08:47] {Threei} but I managed the specialists :)
[08:48] {Threei} gotta make a decision on QTWW... sell the gap or try and hold for a swing
[08:48] {Threei} daily is ideal... each red bar day is on lower volume, each green is on higher
[08:49] {Threei} and still climbing slowly, no euphoric spike
[08:49] {magoo} wheres your entry?
[08:49] {Threei} 2.54
[08:50] {magoo} now ill tell u what u would tell me..."partial" lol
[08:51] {Threei} hmmm
[08:51] {Threei} what a novel concept
[08:51] {Threei} thank you :)
[08:52] {Threei} seeing how it goes through red-green days, it's tempting to sell into this gap and wait for a red day to re-enter,
[08:52] {Threei} but that also carries a chance of missing euphoric day
[08:52] {Threei} so I guess partial is da solution
[08:52] {Threei} it spikes, I ride on the balance,
[08:52] {Threei} it retreats, I re-buy sold half
[08:55] {Threei} now, ROYL gap I hate
[08:55] {magoo} he he,dcc quick
[08:56] {Threei} don't tell me you held it
[08:56] {Threei} I'll burst of envy
[09:01] {Threei} sold half at .74, +.20
[09:01] {Threei} 1.5K left
[09:01] {dptl} good morning all
[09:01] {Threei} dp :)
[09:05] {fernp} good morning all
[09:05] {Threei} fern :)
[09:07] {pita} gm everyone
[09:07] {Threei} pita :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {Threei} everyone gets in fine via main server today?
[09:11] {patience} gm RT, and thank you Vad, logged in great this morning
[09:11] {Threei} :)
[09:11] {Threei} hopefully this issue is put to rest
[09:11] {dino} sell the gap, i just did w/ipi from yesterday +.55
[09:12] {Threei} keep that address for reserve one handy
[09:12] {dino} livermore- take the gift
[09:12] {Threei} really :)
[09:12] {Threei} wtg
[09:12] {dino} :)
[09:12] {Threei} as far as I can tell, relocation to new hosting went smoothly
[09:13] {magoo} whatr the f is big ben saying on cnbc?
[09:13] {Threei} but if you run into broken links, missing images etc, please let me know
[09:13] {dino} nothing really
[09:13] {_Kazaam} dollar reacted well
[09:13] {_Kazaam} good morning
[09:14] {Threei} morning kazaam
[09:14] {Threei} IMF'S STRAUSS-KAHN: IT IS TOO SOON TO TELL IF SUB-PRIME CRISIS HAS PASSED, BUT THE BIGGEST PART OF THE FINANCIAL CRISIS IS BEHIND US
- Sees a credit squeeze in Europe, not a credit crunch.
[09:14] {Threei} - Does not see any more oil price increases
[09:14] {Threei} what did ben say?
[09:16] {Threei} US) FED CHAIRMAN BERNANKE: CONFIDENT DOLLAR WILL REMAIN ''STRONG AND STABLE''
- Fed is attentive to implication for dollar slide, dollar has contributed to the inflation and inflation expectations
[09:16] {Threei} - Dollar slide has contributed to unwelcome rise in import prices and inflation
[09:16] {Threei} - Says will make policy to guard against risks to growth and inflation and commitment to dual mandate will be key to ensuring dollar remains a strong and stable currency
[09:16] {Threei} - Notes that until housing stabilizes growth risks will remain to the downside
[09:16] {Threei} - Financial markets have improved but conditions remain strained and credit generally tight, expects strengthening of capital and liquidity regulations and greater disclosure requirements
[09:16] {Threei} - Inflation is high but pass though of costs to labor and products has been limited
[09:17] {Threei} dual mandate?
[09:17] {Threei} this makes me uneasy
[09:17] {Threei} feds mandate was to control inflation
[09:17] {Threei} (and we all know what a great job they did, right?)
[09:18] {Threei} if they widen mandate to keep economy strong as well, I am afraid they might do just a good job in that direction as well
[09:18] {magoo} is he qualified..seriously?
[09:18] {Threei} for what?
[09:19] {Threei} movie rankings?
[09:20] {esemde} good morning...it worked Vad...the alternate log in....tks
[09:20] {Threei} ji ese
[09:20] {Threei} hi :)
[09:20] {Threei} but we fixed main server
[09:21] {esemde} ha ha ha ha.........too funny
[09:21] {Threei} sorry :)
[09:21] {Threei} but hey, keep that one handy
[09:21] {Threei} who knows what gets broken tomorrow
[09:22] {Threei} I have unquestionable ability to break all things technology
[09:23] {_osbo} hi
[09:23] {Threei} osbo :)
[09:24] {esemde} osbo...welcome
[09:24] {dino} to the jungle
[09:27] {Threei} USD up, oil down
[09:27] {Threei} what else can one want for breakfast
[09:29] {dino} 2 eggs, bacon, and home fries w/toast
[09:29] {Threei} well... eggs and bacon
[09:29] {Threei} :)
[09:29] {Threei} no fries for me
[09:29] {dino} actually having planters peanuts
[09:31] {magoo} MA news vad?
[09:32] {Threei} 08:26am [MA] Price Target raised to $367 from $312 at Stifel; Maintains buy rating
[09:32] {magoo} so drops 7?
[09:33] {Threei} ROYL... grr
[09:33] {Threei} it's just its natural volatility mags... consider it a downtick :)
[09:34] {magoo} ROYL 10 comith
[09:34] {Threei} 05:46am [AUXL] XIAFLEX meets primary endpoint with statistical significance in CORD I pivotal Phase III study for Dupuytren's Contracturw
[09:34] {Threei} not fresh
[09:35] {Threei} GEORGE SOROS REITERATES THAT RECENT PRICE RISE IN COMMODITIES HAVE SIGNS OF A BUBBLE
[09:35] {Threei} you don't say
[09:36] {esemde} any commodity in particular....OIL maybe?
[09:36] {Threei} LEH
[09:36] {Threei} looking for short entry
[09:37] {Threei} 32.90 breakdown level
[09:37] {Threei} I'd like closer to resistance though
[09:37] {Threei} aggrwessive entry around .35
[09:38] {Threei} first weakness from here
[09:40] {Threei} in, stop above .85
[09:40] {Threei} got .63
[09:42] {_rant} SEED ?
[09:42] {_rant} down 10%
[09:42] {Threei} forget it
[09:42] {Threei} bs stock
[09:42] {_rant} ok :)
[09:42] {Threei} stop to .76 LEH
[09:43] {Threei} half out
[09:43] {Threei} +.21
[09:43] {Threei} stop to .71
[09:44] {dino} mvsn?
[09:44] {Threei} nothing fresh
[09:45] {Threei} out balance LEH
[09:45] {Threei} not sure what it's going to do from here
[09:45] {Threei} chart becomes looking more like bounce
[09:46] {Threei} oh well
[09:46] {Threei} next
[09:47] {esemde} L GRMN 51.99 1/2 lot
[09:47] {dino} arex
[09:48] {esemde} grmn bouncing all over the place
[09:48] {Threei} can I have my LEH back?
[09:48] {Threei} ABC NEWS: IRAN SAYS TO PURSUE ATOMIC DRIVE DESPITE TRADE OFFER
[09:48] {esemde} out grmn .27
[09:49] {esemde} +.28
[09:49] {Threei} wtg
[09:49] {esemde} dangerous one that one
[09:50] {dino} mvsn sm l .45 ave
[09:50] {fernp} out JBL +.23
[09:50] {Threei} ACOR
[09:50] {Threei} .15 small shares long
[09:50] {Threei} if stays above .90
[09:51] {dino} kndl
[09:52] {dino} gj fernp
[09:52] {esemde} ACOR 1/2 lot .90 ...i'm with ya Vad
[09:52] {Threei} too aggressive
[09:52] {esemde} stopped Acor.......that was fast
[09:52] {esemde} yep
[09:53] {esemde} live and learn
[09:53] {Roman} 21 EMKR radar
[09:54] {Roman} 21 JRJCtaking small
[09:54] {Roman} 21 very risky, wide stop
[09:54] {Roman} 21 24.20
[09:55] {dino} kndl sm s .50 stop .84
[09:56] {magoo} aCOR invalidated vad?
[09:56] {Roman} 21 OMNI
[09:56] {Roman} 21 long off 6
[09:56] {Threei} of course
[09:56] {fernp} out S +.10 scalp is scalp
[09:58] {dino} gj
[09:58] {Threei} LEH, another short here with stop above 33.10
[09:59] {Roman} 21 EMKR long setup
[09:59] {Roman} 21 in
[10:00] {Roman} 21 8.14 1/2
[10:00] {Threei} APRIL FACTORY ORDERS: 1.1% V -0.1%E- prior revised from 1.3% to 1.5%
[10:00] {dino} all is well then
[10:00] {Threei} yup
[10:00] {Roman} 21 long WB
[10:01] {Roman} 21 22.85
[10:01] {Roman} 21 market recovery may help
[10:01] {fernp} out QQQQ +.15
[10:01] {dino} de sm l .50
[10:02] {Threei} new low LEH
[10:03] {Threei} half out .55
[10:03] {Roman} 21 out 1/2 OMNI +28
[10:03] {Threei} +.34
[10:03] {Threei} out in full
[10:03] {Threei} got .38 on exit
[10:03] {Threei} .89 - .38...
[10:04] {Threei} my math abilities are not too good
[10:04] {magoo} .68 vad
[10:04] {fernp} out 1/2 IPG +.10
[10:04] {Threei} wow... what a bounce
[10:05] {dino} kndl spread gonna get me
[10:05] {Threei} anyone did LEH?
[10:05] {magoo} missed it
[10:06] {Threei} QTWW, my little cutie
[10:06] {Roman} 21 out 1/2 WB +.25
[10:06] {Threei} nice Roman
[10:06] {pita} +.26 ty
[10:07] {Threei} on what pita?
[10:07] {pita} leh
[10:07] {Threei} :)
[10:07] {pita} sm shares only
[10:07] {Threei} yeah, thing is volatile
[10:07] {Roman} 21 long CPSL small
[10:07] {Roman} 21 5.53
[10:08] {Roman} 21 ctdc
[10:08] {Threei} but... remember Geo's trade when I called BSC short at 50?
[10:08] {Threei} his comment was "never saw that much money made on 100 shares" lol
[10:08] {Threei} btw, Geo on one month leave, asked to say hello to you
[10:09] {Threei} wow OMNI
[10:09] {Threei} hitting them just right Roman
[10:10] {Roman} 21 BCON
[10:11] {dino} out de .98, +.48
[10:12] {Chaeron} good morning everyone
[10:12] {Threei} chaeron :)
[10:13] {dino} mvsn stop to .49
[10:13] {dino} gm chaer
[10:14] {Chaeron} heya 3i, dino
[10:14] {Threei} remember we picked LEH as main short target for today vs MER?
[10:14] {Threei} look at both
[10:14] {Threei} LEH down over a buck
[10:14] {Threei} MER merely 30+cents
[10:14] {dino} sohu
[10:15] {dino} cgrb
[10:17] {dino} arex s .61 sm
[10:18] {Threei} dp, look dcc please
[10:18] {Threei} FEED holding well
[10:18] {Threei} .90 half lot long if stays above .75
[10:19] {dino} arex stopped .88 -.27
[10:20] {Threei} XIDE .41 long half lot
[10:22] {Threei} stop under .30
[10:23] {Threei} ese, look dcc please
[10:26] {Threei} ASIA
[10:26] {Threei} break of .20 long
[10:27] {Threei} stop under 14
[10:30] {Threei} HEARING STRENGTH ATTRIBUTED TO RUMOR THAT DRIV HAS DROPPED OUT OF CONFERENCE
[10:30] {Threei} huh?
[10:30] {Threei} someone is totally desperate wbout coming up with explanations
[10:31] {Threei} LEH is bottomless
[10:31] {Threei} asia
[10:31] {Threei} market pullback held it back, let's see is it ramps up with bounce
[10:32] {pita} in asia
[10:34] {Threei} OMNI new high... still in Roman?
[10:34] {Roman} 21 yes, still got 1/2
[10:35] {Threei} nice
[10:35] {Roman} 21 still in JRJC
[10:35] {Roman} 21 GEOI
[10:35] {Roman} 21 nothing
[10:36] {dptl} stopped xide
[10:36] {Roman} 21 COIN bouncing today
[10:39] {Threei} why did I ever bother to cover LEH?
[10:40] {dino} hrs sm l .42
[10:41] {judijim} hello everyone, good morning
[10:42] {Threei} jj :)
[10:42] {Chaeron} hijj
[10:43] {magoo} jj:)
[10:47] {fernp} ORCL
[10:51] {Threei} HILLARY CLINTON ACKNOWLEDGE TONIGHT THAT OBAMA HAS NOMINATION - SOURCES
[10:53] {fernp} out 1/2 ORCL +.20
[10:56] {Chaeron} watch Obama ask Clinton for VP slot... and I don't mean Hillary... :)
[10:57] {Threei} I can't find words powerful enough to express my awe and admiration for QTWW
[10:57] {Chaeron} geeesh... get a room...
[10:58] {Threei} you are just envious
[10:59] {Threei} of our great mutual love
[10:59] {fernp} out ORCL +.30
[10:59] {Threei} wtg
[10:59] {Threei} that was fine setup fern
[10:59] {Roman} 21 out remaining OMNI +.72
[10:59] {Threei} looked when you mentioned it
[11:00] {Chaeron} happy for you both... now can ASIA find some love?
[11:00] {Threei} that's simply indecent Roman
[11:00] {fernp} easy to read
[11:00] {Chaeron} Nice one Roman!
[11:00] {dino} gj
[11:00] {Threei} who makes 72 cents on $6 stock?
[11:01] {Roman} 21 thanks
[11:01] {dino} rfr does
[11:04] {Threei} FED CHAIRMAN BERNANKE: REMAINS SKEPTICAL OF THE ABILITY OF CENTRAL BANKS TO PRICK ASSET BUBBLES, NEED TO EXAMINE HOW CENTRAL BANKS RESPOND TO BUBBLES
- Banks can potentially use supervision, regulation to address asset bubbles, brokers, banks must be prepared for strains, it is necessary to ensure that all systemically important financial firms buffered against shocks, Fed direct interaction with banks is key to adequate oversight.
[11:04] {Threei} - Says that much of the USD drop since 2002 has been unwinding of past gain
[11:04] {Threei} this unwinding is part of the process of restoring the global trade balance.
[11:04] {Threei} - Weakening of the USD has had some inflationary impact, a modest commodity price impact.
[11:04] {Threei} - Supply and demand factors are the most important components of commodity prices.
[11:04] {Threei} - The rise in commodity prices are a major shock to inflation and consumer purchasing power
[11:11] {Roman} 21 out 1/2 CPSL +.30
[11:11] {Roman} 21 out JRJC -.31
[11:11] {Threei} finally
[11:11] {Threei} now we know Roman is human
[11:12] {Roman} 21 thanks, by the way, i love the video interview on your home page vad
[11:12] {Roman} 21 when was that taken?
[11:12] {Threei} in vegas
[11:12] {Threei} same year we met there
[11:12] {magoo} roman interwiew?
[11:13] {Threei} and you scared the heck out of me when almost strangled me as I tried to take your custard
[11:14] {Threei} no mags, mine
[11:15] {Threei} Roman's interview was scheduled but never posted... they thought "don't touch my custard if you want to see the light of the next day" was a bit too short
[11:16] {Roman} 21 :)
[11:16] {Threei} and he refused to talk about anything elose, saying "this is my only message to the world and future generations"
[11:16] {magoo} :)
[11:18] {Threei} jeez ASIA, what's your problem
[11:18] {Threei} go already
[11:19] {Threei} just so you know... roman's love for custard is exceeded or matched only by my love for bacon... and trying to take it from him is as risky as holding 10K of GOOG overnight
[11:19] {dino} you guys are making me hungry
[11:20] {esemde} signing off see you all tomorrow
[11:20] {Threei} take care ese
[11:20] {magoo} really..i have a lunch craving for a BLT sandwiche, xtra bacon
[11:20] {dino} cya es
[11:36] {Threei} S&P: LEH DOES NOT HAVE A CAPITAL ISSUE 'AT THIS TIME', UNDERSTAND LEH IS LOOKING TO RAISE MORE CAPITAL
[11:36] {Roman} 21 VLNC picking up some steam
[11:36] {Threei} yeah, looking at it for a few days, can't make up my mind about it
[11:37] {Threei} wow COIN
[11:37] {Threei} what's up
[11:37] {Roman} 21 just a bounce IMO
[11:37] {Threei} US TREASURY: BERNANKE AND PAULSON ARE COMMITTED TO POLICIES FOR PROPERLY FUNCTIONING MARKETS AND ECONOMY - SPOKESPERSON
[11:38] {dptl} nvtl?
[11:38] {Threei} oh good... I was afraid they were looking to implement improper policies
[11:38] {Threei} probably worth a try for scalp at .83, dp
[11:39] {dptl} ok ty
[11:42] {dino} gymb'
[11:44] {Threei} LEH
[11:44] {Threei} painsd me to say... but break of .50 priobably a long scalp
[11:48] {Threei} if holding above .35
[11:56] {Threei} 1;1
[11:56] {dino} dgly
[11:58] {Threei} anyone did LEH on break?
[11:59] {dptl} me +.19 ty
[11:59] {magoo} sorry to report..i missed all 3 of your LEH today
[11:59] {Threei} CLINTON CAMPAIGN CHAIRMAN DISPUTES REPORTS OF CLINTON CONCESSION OF DEMOCRATIC NOMINATION TUESDAY , NOTES RECENT REPORTS AS INCORRECT
[12:00] {Threei} PREVIEW: MAY US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
DRAFT
[12:00] {Threei} **consensus estimates:
[12:00] {Threei} - Ford: -17.5%e adjusted basis (usually released at Noon ET).
[12:00] {Threei} - GM: -23%e adjusted basis (usually released around 1:45pmET).
[12:00] {Threei} - May 2008 had 27 selling days, one more than May 2007. On an unadjusted basis, the estimates above would be higher by about 4%
[12:00] {Threei} is it ugly or what
[12:00] {dino} indeed
[12:01] {Threei} Ford
[12:01] {Threei} TOTAL VEHICLE SALES DOWN 16% FOR MAY, AFFIRMS Q2 AND Q3 PRODUCTION TARGETS
[12:07] {pita} later guys
[12:09] {Threei} take care pita
[12:11] {dino} plce
[12:22] {dino} mvsn out .82 +.37
[12:27] {Threei} LEH, same setup again
[12:27] {Threei} .50 break
[12:28] {magoo} if this is only one i try..it is certain to fail :(
[12:29] {dino} plce sm l .68
[12:34] {Chaeron} LEH has to hold .30?
[12:34] {Threei} .30 -.35 area
[12:34] {Chaeron} thx
[12:37] {Chaeron} in
[12:37] {Chaeron} .51
[12:39] {Threei} DAI REPORTS MERCEDES-BENZ CAR SALES UP 12% IN THE US IN MAY
[12:39] {Threei} NSANY REPORTS MAY US NISSAN AND INFINITI BRAND SALES UP 4.4%
[12:43] {Threei} don't you hate ACOR
[12:43] {Threei} no clean entry on either breakout or pullback
[12:50] {dino} stop/covkndl .69 -.19
[12:51] {Roman} 21 NCOC long
[12:51] {Roman} 21 small
[12:51] {Roman} 21 7.82
[12:55] {dptl} stopped leh
[12:55] {Threei} yeah
[12:56] {dino} plce stop to b/e
[12:58] {dptl} ah ....just can't win these days...taking a break
[12:58] {Threei} hmmm
[12:58] {Threei} 4 calls on LEH
[12:58] {Threei} 3 winners, 1 stop
[12:58] {dptl} only did 2
[12:58] {Threei} if that qualifies as "can't win"...
[12:58] {dptl} i did some other trades
[13:00] {dino} shake it off dp, we all go through slumps
[13:00] {dino} remember, good trading is not about being right, it's about trading right
[13:01] {dino} gymb taunting me
[13:01] {Chaeron} back... stopped on LEH - sorry Vad
[13:04] {magoo} [12:29] {magoo} if this is only one i try..it is certain to fail :(
[13:04] {Threei} yuo guys are full of optimism
[13:04] {Threei} I am leaving for Tibet cave
[13:04] {Threei} for 3 years
[13:05] {Threei} this is how long it's going to take to shake off this outlook
[13:06] {dino} hmmm (dino not in that group)
[13:06] {Threei} no
[13:06] {Threei} it's like you expect yourself to lose
[13:06] {dino} cme
[13:06] {Threei} ever seen anyone winning while being already resigned?
[13:07] {dino} i must agree w/you
[13:09] {Threei} CFTC: WITHDRAWING PROPOSALS TO BOOST SPECULATIVE LIMITS ON CERTAIN AGRICULTURAL FUTURES
- Notes it will ask for more information from swaps dealers and index traders.
[13:09] {Threei} - Planning a monthly publication of trader information regarding agricultural markets starting in July.
[13:10] {dino} good
[13:17] {dino} plce stop to .94
[13:19] {Threei} ABK CEO: FIRM HAS NO LIQUIDITY WORRIES - TV INTERVIEW
[13:19] {dino} to .08
[13:20] {dino} out .18 +.50
[13:20] {dino} abk sounds familiar, same speach in march
[13:21] {Threei} and same as BSC couple days before demise {G}
[13:22] {Threei} oil losing 125
[13:22] {dino} yes, leh similar too
[13:22] {Threei} UAUA moved a bit today
[13:23] {Threei} DAL too
[13:23] {Threei} and NWA
[13:23] {Threei} airlines benefit from oil dump
[13:24] {dino} going to need a much bigger oil dump for them to stay out of chapter 11
[13:24] {Threei} true
[13:24] {dino} where does cme bottom, -130+ points in a month
[13:25] {dino} to 350 strike perhaps
[13:25] {Threei} OBAMA GAINS THE DEMOCRATIC NOMINATION, ACCORDING TO AP DELEGATE COUNT
[13:26] {magoo} where i short it dino
[13:27] {dino} cme?
[13:29] {dino} my original call last week was 400, now 350 by expiration, but today, imo, the safer play is long after this 25 pt drop from 10:00 am
[13:32] {dino} hrs stopped -.42
[13:32] {Threei} what just happened?
[13:32] {Threei} I see no news for this dump
[13:33] {fernp} what had happened?
[13:33] {Roman} 21 maybe its the OBAMA NEWS
[13:34] {cosmo} they find obama?
[13:34] {cosmo} oops
[13:34] {Threei} wierd
[13:34] {Threei} it's not like it's an unexpected news
[13:35] {fernp} nothing in briefing.com
[13:35] {Threei} and it's not like he is already a president
[13:36] {dino} it's the obama/hillary ticket scaring the sh#t out of markets
[13:40] {dino} breaking yesterdays lod
[13:40] {dino} dji
[13:41] {Chaeron} was the market thinking that they were going to release the alledged Michelle tape and Hillary would get the nom?
[13:42] {_rant} 10:41] {_rant} what made the mkt tank
[13:42] {_rant} [10:41] {_rant} was away for 30 mins
[13:42] {_rant} [10:41] {_rant} and red everywhere
[13:42] {dino} market is thinking much higher taxes coming next year, capital gains to 28% for starters
[13:43] {Threei} our current guess is, Obama winning nimonation, rant
[13:43] {dino} of course, it could just all be magoos' fault
[13:43] {Chaeron} would we had rallied if Senator clinton won?
[13:44] {Threei} good question Chaeron
[13:45] {dino} either way, not market friendly imo
[13:46] {dino} but....obama showing weakness considering hillary. we know she would not have choosen him
[13:49] {Threei} I don't know what to make of this selloff
[13:49] {Threei} staying on a sideline
[13:49] {Roman} 21 6.2 quake shakes Solomon Isles; no tsunami warning issued - DJ
[13:49] {dino} waiting for ipi around 47.30s
[13:50] {Chaeron} I still think that he should ask Bill to be the VP... He'd accept, just out of ego, even in the face of his his wife losing the nom...and it would be a love fest for the party lol
[13:52] {dino} can he, constitutionally, be pres. again?
[13:52] {dino} vp could end up pres.
[13:55] {Threei} look at LEH
[13:56] {fernp} OIL and market falling
[13:56] {Threei} yes
[13:56] {Threei} HEARING NEGATIVE CHATTER CIRCULATING IN LEHMAN; CHATTER LEHMAN ACCESSING THE FED DISCOUNT WINDOW
[13:56] {Threei} uh oh
[13:56] {dino} bsc all over
[13:58] {fernp} Banking index -BKX- breaks under its 5-yr low
[13:59] {_rant} any read on WFR ?
[13:59] {_rant} its just dropping
[13:59] {Threei} no
[13:59] {Threei} stay away
[14:00] {Threei} in this market you can lose your shirt in a blink of eye
[14:00] {_rant} crap...already in
[14:00] {_rant} ya...
[14:00] {_rant} money evaporating...
[14:00] {Threei} in where, long, short?
[14:01] {_rant} long
[14:01] {_rant} at 65.5
[14:01] {_rant} sucks..
[14:01] {Threei} wow
[14:01] {Threei} why no stop??
[14:01] {_rant} dumb move..
[14:02] {_rant} now lickin my wounds
[14:02] {Threei} ok... trading without stops is surefire way to disaster
[14:02] {_rant} yes it is..
[14:02] {Threei} a lot of people checked it for themselves
[14:02] {Threei} why do you need to join them?
[14:03] {_rant} was getting stopped out..just to see it reverse
[14:04] {Threei} I don't understand
[14:04] {Threei} there is a stop level for any setup
[14:04] {Threei} it's hit, you are out
[14:05] {_rant} broke my own rule...deserve to lose money
[14:07] {Threei} IMO, this market selloff is LEH, not Obama
[14:07] {dino} agree, bit of panic in brokers
[14:07] {dino} but, let's blame the politicians anyway
[14:07] {Chaeron} LKEH shorted itself... they'll be fine
[14:07] {Chaeron} LEH
[14:08] {Threei} lol
[14:08] {Threei} I am really interested how it's going to unfold
[14:08] {dino} i bet you gs shorted them
[14:08] {Threei} they can't repeat BSC scenario
[14:08] {Roman} 21 Bush signs amended credit-card law to reduce retailer lawsuits - Bloomberg
[14:09] {Threei} and they say they can't let the big bank fail
[14:10] {Roman} 21 long WB
[14:10] {Roman} 21 small
[14:10] {Roman} 21 21.58
[14:11] {Roman} 21 out WB
[14:11] {Roman} 21 +.01
[14:13] {dino} lol
[14:14] {magoo} nice roman :)
[14:14] {Roman} 21 every penny counts
[14:14] {magoo} 10k shgares?
[14:14] {Roman} 21 2k
[14:14] {dino} y, just busting you
[14:16] {_Kazaam} are you guys seeing occasional $1 dollar and 50cent spikes on LEH? or is that just my data feed
[14:16] {Threei} not here
[14:17] {Threei} chart matches level 2 and T&S
[14:17] {_Kazaam} well, i guess you get what you pay for when you use Barcharts.com Ninja trader feed
[14:19] {_Kazaam} what broker would guys suggest for your style of trading? or for somebody just starting out in stocks?
[14:19] {dino} direct access
[14:20] {_Kazaam} mbtrading?
[14:20] {Chaeron} see the stuff on LASER on realitytrader home page?
[14:20] {_Kazaam} yes
[14:20] {Chaeron} wow... someone in this room that can read... :))
[14:20] {Threei} that would not be me
[14:20] {magoo} his spelling is good too
[14:20] {Chaeron} pfffft... you just write
[14:20] {Threei} yes
[14:21] {Threei} but I can't read what I write
[14:21] {_Kazaam} i never said i could read, LASER had pretty pictures
[14:21] {Threei} rofl
[14:21] {Chaeron} oh brother... you'll fit in here just fine :)
[14:21] {Chaeron} me stopped on ASIA.... took too dang long
[14:22] {Roman} 21 time to buy QQQQs
[14:22] {Roman} 21 bidding QQQQ 48.77
[14:22] {dptl} laser had pretty pictures ...lol.....you should see laser live it's like christmas every day
[14:23] {Roman} 21 long WB
[14:23] {Roman} 21 small, 21.10
[14:25] {Roman} 21 out WB
[14:25] {Roman} 21 +.15
[14:25] {Chaeron} nice scalp
[14:25] {Roman} 21 in QQQQs 48.73
[14:27] {Chaeron} got .72 here Roman... thank you
[14:27] {dino} gj
[14:27] {Roman} 21 please don't thank until we are out of position
[14:28] {Roman} 21 u are right vad LEH is partially responsible for the selloff
[14:28] {fernp} bad tick in LEH ?
[14:28] {fernp} low 22.85
[14:29] {Threei} I don't have it
[14:29] {Threei} 28.98 low here
[14:30] {dino} 22.85
[14:34] {dino} 8.95 tomorrow at open (memories)
[14:37] {Roman} 21 out QQQQ +.10
[14:38] {dino} ipi sm l .60
[14:39] {_rant} nice roman
[14:39] {_rant} u r pretty much in the zone
[14:39] {Chaeron} out .83 Roman +.11... now may I thank you?
[14:39] {Roman} 21 let me think about it
[14:39] {Chaeron} thanks any way
[14:39] {Roman} 21 yw
[14:43] {magoo} man..i got a lesson today on MA
[14:43] {magoo} never really knew it was that wild
[14:43] {Roman} 21 LEH decent bounce
[14:43] {Roman} 21 WB
[14:43] {Roman} 21 maybe get a scalp here
[14:44] {Roman} 21 21.42
[14:45] {Roman} 21 i'll pass
[14:51] {dptl} out +.20 wb ty Roman
[14:51] {Threei} I am getting my half of QTWW back here
[14:51] {Threei} very much looks like double bottom on intraday
[14:51] {Threei} and support from yesterday
[14:52] {dino} out ipi .00, +.40
[14:53] {dino} ok, gotta hop for 30 or so, accountant issues
[14:53] {_rant} entry vad ?
[14:54] {Threei} got .63
[14:54] {_rant} and all imp SL ?
[14:54] {Threei} hmm?
[14:54] {_rant} stop loss
[14:55] {Threei} well, it's a swing trade for me, from yesterday
[14:55] {Threei} my original entry was .64,
[14:55] {_rant} ah ok
[14:55] {Threei} sold half at .74 this morning,
[14:55] {Threei} got it back now at .63,
[14:55] {Threei} so I'd think .49 is my logical stop
[14:56] {Threei} for a new entry it's a different structure
[15:04] {Roman} 21 LEH Lehman Brothers denies speculation it accessed Fed borrowing window (31.72 -2.16) -Update-
[15:04] {Roman} 21 nice
[15:04] {Roman} 21 WB again
[15:05] {magoo} vasd, im 50 bux in the hole..find me a winner ..paaaaallllleeease
[15:06] {Chaeron} lol... I must buy twice as much as you magoo
[15:07] {Chaeron} maybe not a good time to bother Vad magoo... he's too busy pitching woo to QTWW
[15:07] {Threei} 50 bucks?
[15:07] {Threei} you could have already made it on that same QTWW
[15:09] {Threei} REPORTEDLY LEHMAN TREASURER DENIES SPECULATION THAT IT HAS ACCESSED FED BORROWING FACILITY; NOTES LAST TIME ACCESSED FACILITY WAS APRIL 16- Notes its liquidity position in Q2 is $40B vs $34B at end of Q1
[15:09] {magoo} coulda..shoulda...c'mon...get me something
[15:10] {Threei} I did... but you need to take me off ignore if you want to see my calls {G}
[15:10] {magoo} i know...
[15:10] {Threei} now, I know you enjoy clicking that Ignore button
[15:11] {magoo} i do..plus u ignore me so i feel like its revenge :)
[15:11] {Threei} but look at the price:
[15:11] {Threei} even if you took lousy 1000 shares of QTWW
[15:11] {Threei} at not the best price available, .65 let's say
[15:12] {Threei} you qwould have been up over 100 bucks already
[15:12] {Threei} which takes care of your pain and suffering
[15:12] {Threei} and even gets you in the black
[15:12] {Threei} sooo... sweet revenge or making money... chose wisely :)
[15:17] {magoo} somehow i feel..as while u type all this...u are not putting forth best effort for my next trade lol
[15:17] {Threei} no... I am not done tormenting you about previous one :)
[15:18] {magoo} and how can i put a price on sweet sweet revenge?
[15:18] {magoo} u, being a mean man of sort..can relate
[15:18] {Threei} me? I am warm and fuzzy
[15:20] {magoo} your so cold...i heard it was your original idea for the quebec ice hotel
[15:21] {Threei} actually, they killed it
[15:21] {Threei} I didn't mean to have blankets, fireplaces etc in it
[15:21] {Threei} it was meant to be just ice
[15:21] {magoo} ROFLOL
[15:21] {magoo} i have immediate family that went there
[15:21] {magoo} actually, they froze
[15:24] {Threei} market's fate is in LEH hands for the next few sessions
[15:24] {Threei} LEH goes the way of Dodo and BSC - market drops like there is no tomorrow
[15:25] {Threei} LEH proves to be honest when says "no problem" (give me a minute to laugh out loud) 0 market explodes tio the upside
[15:26] {_rant} worth going long on WB at 21.7 ?
[15:27] {Threei} Roman's baby... I don't have a grip on it
[15:28] {Threei} ROYL
[15:28] {magoo} alright, + 100 without u...IN YOUR FACE
[15:28] {Threei} hehe
[15:28] {magoo} revenge rules lol
[15:28] {Threei} on what?
[15:29] {magoo} rimm
[15:29] {magoo} old faithful
[15:29] {Threei} :)
[15:29] {magoo} .69 to .97
[15:29] {Threei} ROYL poullback closer to .50
[15:29] {Threei} risky scalp long
[15:29] {magoo} now..u trying to make me lose it????
[15:31] {Threei} don't chase
[15:31] {Threei} it's pullback or let it go
[15:33] {_rant} wot a reversal
[15:33] {_rant} dont know how to trade this crazy mkt
[15:34] {Threei} sit it out
[15:34] {Threei} no need to be in the middle of every battle
[15:34] {_rant} ya...
[15:34] {_rant} lucky WFR recovered
[15:34] {_rant} plain lucky
[15:34] {Threei} take a gift...
[15:34] {Threei} and swear never to do it again
[15:35] {_rant} how do u keep urself soo calm n focused
[15:35] {Threei} this kind of things will simply put you out of business
[15:35] {_rant} its amazin
[15:35] {magoo} hes a machine
[15:35] {Threei} I do it for 12 years... every day
[15:35] {_rant} i know
[15:35] {magoo} like hal in space odessy
[15:35] {magoo} mastrer computer running this room
[15:35] {_rant} traders are known to breakin their rules..
[15:35] {Threei} if I was taking it with such tension, I would have burnt out long ago
[15:38] {_rant} lot to learn from you !!
[15:38] {Threei} look at ROYL
[15:39] {Threei} see mags... I was trying to make you money... again
[15:39] {Threei} (all to no avail)
[15:39] {_rant} some ppl can retire with such trades..
[15:39] {Threei} good idea actually
[15:39] {_rant} :)
[15:41] {magoo} oh contrare monfrare
[15:41] {Threei} sheesh... I am not learnbing another language
[15:42] {magoo} in royl
[15:42] * Threei slaps magoo around a bit with a large trout
[15:43] {Threei} notice: I did it in calm and focused manner
[15:43] {magoo} OUT .18 LOL
[15:43] {magoo} ty
[15:43] {Threei} from?
[15:43] {magoo} .86
[15:43] {Threei} wtg
[15:43] {Threei} good way to finish the day
[15:44] {Threei} now...
[15:44] {Threei} looking at OMNI
[15:44] {Threei} it moved a bit with ROYL
[15:44] {magoo} whren u said do not chase..i figured hmm..he wants to hurt me ,..so i went in
[15:44] {Threei} lol
[15:44] {Chaeron} logical
[15:44] {Threei} at the moment pullback to .50 was best entry
[15:44] {magoo} cause watching a runner hurts
[15:45] {Threei} question is,
[15:45] {Threei} has OMNI a good chance to gap?
[15:45] {Threei} or LEH goes belly up overnight and all gaps are eliminated :)
[15:45] {magoo} not great day..but winn streak contuinues to day 6
[15:45] {Threei} not great eh?
[15:45] {magoo} in a tiough market for magoo
[15:45] {Threei} made money and whining
[15:45] {Threei} sigh
[15:45] {magoo} up 200
[15:46] {Threei} the nerve on some
[15:46] {magoo} id slap me
[15:46] {magoo} id=i'd
[15:47] {Threei} thus I won't
[15:47] {magoo} xcuse me..day 7
[15:47] {Threei} argh... that did it
[15:47] {magoo} if majke it out today alive
[15:47] * Threei slaps magoo around a bit with a large trout
[15:47] {Threei} alive yes, but this fishy smell...
[15:47] {Threei} OK, I'll take some OMNI I guess
[15:47] {Threei} risky
[15:48] {magoo} not 1..but 2 today...alls well
[15:51] {Threei} OMNI on the move
[15:52] {Threei} PPC
[15:52] {Threei} STATES COMPANY DOES NOT SHIP CHICKEN TO RUSSIA
[15:52] {Threei} lol
[15:52] {Threei} neither di I
[15:52] {Threei} but I don't run around posting headlinea about it
[15:52] {_Kazaam} lol
[15:52] {Threei} OMNI baby
[15:52] {Threei} half out
[15:52] {Threei} half for overnight
[15:53] {Threei} that was another 150 bucks for you mags
[15:53] {Threei} now... may I hope to be taken off ignore?
[15:53] {_rant} how do u spot breakouts ?
[15:54] {Threei} scanner
[15:54] {Threei} it spits them out like tennis ball machine
[15:54] {_rant} and scan for what kind of formula
[15:54] {Threei} not formula
[15:54] {Threei} chart fomration
[15:54] {Threei} formation
[15:55] {_Kazaam} are you using trade ideas?
[15:55] {Threei} our version of it
[15:55] {Threei} IntelliScan
[15:55] {Threei} has our setups built in
[15:56] {_rant} i use strategyDesk
[15:56] {Threei} including JBE and DBI, my setups for breakout/breakdown
[15:56] {_rant} jbe ?
[15:56] {Threei} OK... you need to read some of our matwerials :)
[15:56] {_rant} ya :0
[15:56] {Threei} techniques of tape Reading
[15:56] {Threei} The master profit plan
[15:56] {Threei} these two is a must
[15:57] {Threei} scalping video course IF you focus on intraday trading
[15:57] {Threei} I am ready to answer any questions, but you realize I can't retype whole book here :)
[15:58] {_rant} sure..will go through it..
[15:58] {Threei} btw
[15:58] {fernp} IMO video course also is a must
[15:58] {Threei} if after reading through the website you decide you need it, pay attention to best value offer
[15:59] {_rant} but wot i am not clear is, u still have to tell intelliscan software wot u r looking for
[15:59] {Threei} MPP, videocourse and online course, and psych CDs ASND two months of room on top
[15:59] {Threei} that's not even value... that's a steal
[15:59] {_rant} based on some conditions it will pop out some stocks..right
[15:59] {Threei} there are preconfigured strategies in it rant
[16:00] {Threei} can tweak them all you want,
[16:00] {Threei} or can use them as it is
[16:00] {_rant} i see
[16:00] {Threei} OK guys, gotta leave now
[16:00] {Chaeron} QTWW :)
[16:00] {Threei} have accountant appointment on corporate taxes
[16:00] {Threei} yes chaeron :)
[16:01] {Threei} thank you all
[16:01] {Chaeron} thanks Vad
[16:01] {fernp} TY vad
[16:01] {Threei} turned out a rather nice day
[16:01] {_rant} thanks vad
[16:01] {Threei} see you tomorrow
[16:01] {dptl} have a good evening all
[16:01] {_Kazaam} adios everybody
[16:03] {magoo} TY vad
[16:03] {magoo} thanx all
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