Session Start: Tue Jun 10 00:00:00 2008
[08:20] {Threei} OPEC SECRETARY GENERAL BADRI: CONFIDENT THAT THERE IS NO SUPPLY SHORTAGE NOW OR IN NEAR FUTURE
[08:20] {Threei} - Appeals for calm over oil price and says the situation is unbearable
[08:20] {Threei} - Unhappy with current oil price and says it has nothing to do with supply and demand
[08:20] {Threei} - Proposed consumer-supplier meeting would specifically address high oil price and supply concern
[08:20] {Threei} - Meeting on oil prices will reach common understanding over prices and supply concerns
[08:20] {Threei} - OPEC may lower 2008 global demand growth forecast by 40K+50K bpd in next oil meeting
[08:20] {Threei} - Adds that OPEC is pumping 32.2M bpd and it is higher than IEA's increased forecast of 31.6M bpd
[08:20] {Threei} - Says high oil price is slowing oil demand, but not as much as IEA forecast suggests
[08:42] {cosmo} Monopoly is not 'just' a board game
[08:44] {magoo} morning
[08:44] {Threei} good morning
[08:46] {peterg} hi
[08:46] {Threei} peter :)
[08:46] {peterg} strassvii!
[08:47] {Threei} if that's a passowrd, we need username too
[08:47] {peterg} rusty Russian greeting
[08:48] {magoo} arte u russian peterg}
[08:48] {peterg} nope--studied it in HS
[08:48] {magoo} g=the great
[08:49] {peterg} Pyotr Velikii--a hero!
[08:49] {Threei} ahha... now I decoded it :)
[08:50] {peterg} xorosho!
[08:50] {peterg} ok day job calls; make $, c u in 2 hours.
[08:58] {Threei} RCH moved to NASDAQ
[08:58] {Threei} new symbol CAEI
[09:00] {fernp} Good morning
[09:00] {Threei} fern :)
[09:00] {kazaam} morning
[09:00] {Threei} kaz :)
[09:09] {magoo} wow..CAEI is up 10 vad {lol}
[09:10] {Threei} yeah :)
[09:10] {Threei} RCH closed at 10.39 yesterday
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {dino} amsc, tmx
[09:19] {Threei} keeping eye on OMNI
[09:20] {Threei} US TSY SEC PAULSON SAYS RELATIONS WITH CHINA IS 'NOT MORE PRECARIOUS'
[09:20] {Threei} in case you wondered
[09:20] {esemde} good morning.....
[09:20] {Threei} ese :)
[09:21] {Threei} GOLDMAN'S ABBEY JOSEPH COHEN: SEE A MILD RECESSION AT WORST, AND ITS POSSIBLE WE MAY AVOID HAVING ANY QUARTERS WITH NEGATIVE GDP
[09:22] {Threei} isn't it funny how they try to determine for months whether there is recession or will be, or neither
[09:22] {esemde} She's the one who casued the last one April 2000...
[09:23] {esemde} by inappropriately opening her mouth....600 pt drop or something that day...correct me if i'm wrong Vad
[09:23] {Threei} sorry, I don't remember :)
[09:24] {esemde} "the tech meltdown" or something like that
[09:25] {esemde} ya sure....i've heard that one before}}}}
[09:26] {Threei} and now the word from the top, something no one ever suspected:
[09:26] {Threei} TREASURY'S PAULSON: HIGHER ENERGY COSTS POSE A RISK OF LENGTHENING THE US SLOWDOWN
[09:26] {cosmo} Does he drive}
[09:26] {Threei} yeah but you buy gas
[09:27] {cosmo} that was the next question
[09:27] {esemde} i'm sure it's his limo driver that does.....
[09:29] {cosmo} BPAX
[09:30] {cosmo} 4.7 to test
[09:31] {Threei} QTWW
[09:31] {Threei} AWARDED CONTRACT TO DEVELOP ADVANCED HYBRID VEHICLE POWERTRAINS FOR IISI'S FUTURE STEEL VEHICLE PROGRAM WITH EDAG
[09:32] {Threei} 2.30 long
[09:32] {Threei} .19 stop
[09:34] {Roman} 21 TXCO long
[09:35] {esemde} long AMLN 27.10
[09:35] {esemde} 1/2 lot
[09:35] {Threei} OMNI
[09:35] {Roman} 21 long OMNI
[09:35] {Threei} :)
[09:35] {esemde} out AMLN .37
[09:35] {Roman} 21 i mine VAD
[09:36] {esemde} +.27
[09:36] {esemde} and it's still goin
[09:36] {Threei} wtg ese
[09:36] {Roman} 21 USEG
[09:36] {esemde} another quick one
[09:36] {dino} gj
[09:37] {esemde} tks
[09:38] {Threei} does OMNI look to you as new 52 week highs today Roman}
[09:39] {Roman} 21 not sure if today but it feels good
[09:39] {Roman} 21 i feel good about it
[09:42] {Threei} QTWW no worky
[09:42] {fernp} stopped
[09:42] {Threei} went almost to 1:1 and fizzled
[09:44] {Roman} 21 AAPL releasing new iPhone}
[09:44] {Roman} 21 today}
[09:44] {magoo} yes
[09:45] {magoo} and offering a rebater to upgrade
[09:45] {Threei} LEH is getting killed again
[09:48] {magoo} i got feeling LEH gonna be a teen ager again..not today, but
[09:48] {Threei} bounce into 28 is resonable short attempt then
[09:49] {Roman} 21 FSYS
[09:50] {Threei} just keep it small on LEH
[09:50] {Threei} this is target 1 for PPT I would think
[09:50] {Roman} 21 banks bouncing nicely
[09:53] {Roman} 21 AAPL is a star today}
[09:53] {Threei} feel free to cover LEH
[09:53] {Threei} too vertical
[09:56] {esemde} anybody short LEH today.....
[09:59] {esemde} dino this type of bounce is your type of play isn't it....
[10:00] {esemde} LEH i mean
[10:00] {dino} sm l fwlt .80
[10:01] {esemde} bounced just over a buck
[10:05] {Roman} 21 HK
[10:05] {Roman} 21 bouncer
[10:06] {Roman} 21 in 35.5
[10:07] {Roman} 21 in NCOC
[10:07] {Roman} 21 small
[10:07] {Roman} 21 8.07
[10:10] {Roman} 21 WM long setup
[10:11] {dino} nyx sm l .45
[10:11] {Threei} NCOC nice buying pressure
[10:12] {Threei} some stubborn sellers but seems to be lifting them
[10:12] {dino} fwlt stop to .40
[10:12] {esemde} indeed...are you long ncoc vad
[10:13] {Threei} took some with Roman
[10:13] {Threei} he is too hot to ignore lately
[10:13] {esemde} nice...well done boys
[10:13] {dino} to .50 fwlt
[10:15] {dino} to .64
[10:15] {Chaeron} good morning all
[10:15] {Threei} chaeron :)
[10:16] {dino} chear:)
[10:16] {Roman} 21 out HK +.75
[10:16] {dino} out fwlt .64, +.84
[10:16] {dino} gj rfr
[10:16] {Chaeron} wow... nice grabs
[10:17] {dino} thx
[10:20] {Threei} LARGE FUNNEL CLOUD FORMING JUST OFF FT LAUDERDALE, FL
[10:20] {Threei} run Roman
[10:20] {Roman} 21 wow
[10:20] {Roman} 21 where did u grab this headline
[10:20] {Threei} news feed
[10:21] {Threei} RIMM
[10:21] {Threei} long for bounce as close to .50 as you can get
[10:24] {Threei} QTWW, that wasn't nice of you
[10:26] {Threei} anyone got RIMM}
[10:27] {magoo} missed
[10:28] {Threei} so far action is not as readable today as we had yesterday
[10:31] {Threei} SOLF half lot long for a bounce scalp
[10:31] {Threei} right here
[10:31] {Threei} stop under .70
[10:31] {Threei} OK, no chasing
[10:31] {dino} out nyx .55, +.10 not sure
[10:32] {Threei} if you haven';t gotten .80 - .83, let it be
[10:32] {Threei} jumped
[10:33] {magoo} in
[10:33] {Threei} not a re-entry in returns to original price
[10:33] {Threei} in = if
[10:33] {Threei} what price did you get mags}
[10:34] {magoo} .86
[10:35] {dino} seems gut was right feel
[10:41] {Threei} no worky SOLF
[10:43] {Threei} oil 137
[10:43] {Threei} are we going for new highs today or what
[10:44] {judijim} good morning everyone
[10:45] {Threei} hi jj
[10:46] {Threei} every day you connect I think "argh, jj missed a few good ones"... today I haven't found a nice winner so far, so you being late is OK
[10:47] {magoo} i was thinking same vad
[10:48] {stevefo} good morning, first timer here :-)
[10:48] {Threei} hi steve, welcome
[10:49] {Threei} couldn't you drop by yesterday when we could do no wrong}} :)
[10:49] {magoo} welcome steve
[10:49] {Chaeron} hi steve, glad you're joining us
[10:49] {stevefo} Don't worry, I was doing enough wrong yesterday for all of us ;-)
[10:50] {Chaeron} thanks... we were feeling guilty :)
[10:50] {Threei} yeah right
[10:50] {Threei} :)
[10:53] {esemde} am outta here...Grad day for our high school...se you all tomorrow
[10:53] {Threei} take care ese, see you tomorrow
[10:53] {Chaeron} bye ese
[10:53] {Threei} trying to make up my mind about QTWW
[10:54] {magoo} its a boner
[10:54] {Threei} thing seems to be picking up interest agaibn, and news sounds nice
[10:54] {Threei} but yesterday's selloff looks disgusting
[10:54] {Threei} and the way it reacted on this news today is not very encouraging
[10:54] {Threei} not sure to say honestly
[10:55] {magoo} move on to something easier to read like, say, bidu
06[10:55] * Threei faints
[10:56] {Threei} VVUS had news today
[10:56] {Threei} not huge
[10:57] {Threei} but this spike a few min ago, this is how this stock used to behave when it was under accumulation
[10:57] {Threei} sharp suden spike, retreat, deceptive calm
[10:57] {Threei} new spike
[10:57] {Threei} watching... not jumping in yet
[10:58] {dptl} good morning all
[10:58] {Threei} dp :)
[11:00] {dino} nyx sm l .20 stop .98
[11:01] {Threei} is it me or quotes down}
[11:01] {Chaeron} ok here...
[11:02] {Chaeron} on QuoteServer2
[11:02] {Threei} OK... my connection is flaky last couple days
[11:02] {Threei} big wind storm yesterday
[11:03] {dino} what do you need}
[11:03] {Threei} ty, getting them back slowly
[11:03] {fernp} bad day here. out AN +.11 the very best today
[11:04] {Threei} let's just make sure I am real time: if I post alert, I'll include exact price at the moment, and you make sure stock is where I see it
[11:04] {dino} nyx stopped -.22
[11:04] {Threei} not much works today, fern, quite unlike yesterday or whole last week
[11:04] {dino} feels heavy
[11:05] {fernp} yes. good day yesterday.
[11:06] {Threei} well, you know how to take it
[11:06] {Threei} no one wins every day
[11:06] {magoo} i do
[11:06] {fernp} today still can be better. In two hours soccer Spain - Russia
[11:06] {Threei} losing days here and there are to be expected
[11:06] {Threei} lol
[11:07] {Threei} show me someone who claims he wins every day, I'll show you a liar
[11:07] {magoo} actually, friday broke my recent win strwak at 9
[11:07] {magoo} streak
[11:07] {dino} ccrt blood
[11:07] {Threei} 9 days in a row}
[11:07] {magoo} yeah
[11:07] {dino} 8 for 10 here
[11:07] {magoo} starting over, up yestersay
[11:08] {Threei} what can I say... it's time for a breather :)
[11:09] {Threei} here are two most important things for a losing day, follow them and you will be fine:
[11:09] {Threei} 1. never let it get out of control, keep losses within your usual risk tolerance
[11:09] {Threei} do not try to get revenge
[11:09] {Threei} which is likely to dig deeper hole.
[11:09] {Threei} Simply take setups as they come,
[11:10] {Threei} don't take blind chances
[11:10] {Threei} plug along, decrease your activity, cut down size.
[11:10] {Threei} 2. never let losing day impact your mental state,
[11:10] {Threei} do not dwell on it,
[11:10] {Threei} it tends to create mental monsters
[11:11] {Threei} Simply move on, losing day is normal thing for a ny trader and nothing to beworried about.
[11:12] {Threei} a ny trader is not "a new york trader" btw... it's simply "any trader" {G}
[11:12] {Chaeron} funny how that came out...
[11:14] {magoo} yeah..i was reading new york into that
[11:15] {Threei} that's normal... disturbing part is, I understand how you read it...
[11:15] {dino} esrx sm l .50
[11:16] {magoo} l aapl here .84
[11:29] {kazaam} slow.....
[11:30] {Threei} very
[11:30] {magoo} aapl stopped btw
[11:32] {dino} fstr l sm .70
[11:34] {Threei} LEH half lot short 27.10 if stays below .30
[11:38] {Threei} invalidated
[11:39] {Threei} SNCR
[11:39] {Threei} WILL CONTINUE AT&T RELATIONSHIP FOR IPHONES, BUT WILL NOT PARTICIPATE IN ONSITE 3G IPHONE ACTIVATIONS - FILING
[11:40] {dino} cenx blood
[11:43] {magoo} market feels like it wants up 100 to me...just a feel
[11:43] {magoo} kill the shorts{again}
[11:43] {Threei} funny... I just thought it starts feeling like rally out of nowhere
[11:44] {magoo} we thinking a like}
[11:44] {Threei} very disturbing
[11:44] {magoo} my thoughts exactly
[11:44] {Threei} what's with FEED}
[11:44] {magoo} UUHGGG
[11:44] {magoo} same thought again
[11:44] {Threei} offers suddenly disappeared for 20-30 cents up
[11:45] {Threei} then returned
[11:45] {Threei} VVUS again
[11:45] {Threei} see this spike similar to what I described}
[11:46] {dino} nue l .95
[11:46] {kazaam} hah, stepped into the bathroom for 1 minute and ZOOM goes the market
[11:46] {kazaam} you guys were getting the psychic itch}
[11:47] {Threei} no kidding
[11:47] {Threei} i see no news VVUS
[11:47] {magoo} kaz, u need a dino invention
[11:48] {magoo} traders bathroom chair
[11:49] {kazaam} awww yes a curse and a blessing
[11:50] {magoo} 5 paymts of 29.99 @ dino.com
[11:52] {Threei} OK, that was a great intuition on our part magoo... now, if we saw the way to benefit too, would be even better, lol
[11:52] {dino} esrx stopped -.34
[11:54] {dino} lol
[11:54] {Threei} so... what the heck was that
[11:54] {Threei} PPT intervention}
[11:55] {Threei} trainee at major bank leaned on a wrong button}
[11:56] {Threei} US SENATE REPUBLICANS BLOCK PROPOSED WINDFALL OIL TAX
[11:57] {dino} mhld
[11:57] {dino} a bit of a spread
[11:58] {magoo} long 10
[11:58] {magoo} NOT
[12:03] {Threei} EIA RAISING OPEC OUTPUT FORECAST TO 32.71M BPD FROM 32.25M BPD
[12:07] {Threei} 7.50 break long VVUS if holding above .40
[12:07] {Threei} .45 right now, right}
[12:07] {magoo} yes
[12:08] {dino} nue stopped
[12:08] {dino} -.45
[12:08] {magoo} in
[12:08] {Threei} what's with CRDC}
[12:09] {Threei} overall, what's going on everywhere}
[12:10] {magoo} i confused
[12:10] {dino} agnc
[12:10] {hawkfan4} 10-Jun-08 08:20 ET In Play Cardica: Lazard says to buy before data; expect device exceeds hand-suturing patency rates; increasing visibility among cardiac surgeons (7.23 )
[12:11] {Threei} thank you
[12:11] {dino} some strange moves today
[12:11] {Threei} very
[12:11] {Threei} and my connection is flaky, quotes reload all the time
[12:11] {Threei} so I am not syure which moves are real and which are just my bad connection
[12:13] {Threei} CFTC LAUNCHES INTERAGENCY TASKFORCE TO EVALUATE COMMODITY MARKETS
[12:14] {magoo} powering up
[12:14] {dino} fwlt sm l .73
[12:17] {dptl} stopped vvus
[12:17] {Threei} it's under .40}
[12:17] {Threei} I still have .43 x .44
[12:18] * Disconnected
[12:25] * Rejoined channel #discussions
[12:26] {Threei} argh
[12:26] {Threei} am I back}
[12:26] {Threei} not much works today, fern, quite unlike yesterday or whole last week
[12:26] {dino} feels heavy
[12:26] {fernp} yes. good day yesterday.
[12:26] {Threei} well, you know how to take it
[12:26] {Threei} no one wins every day
[12:26] {magoo} i do
[12:26] {fernp} today still can be better. In two hours soccer Spain - Russia
[12:26] {Threei} losing days here and there are to be expected
[12:26] {Threei} lol
[12:26] {Threei} show me someone who claims he wins every day, I'll show you a liar
[12:26] {magoo} actually, friday broke my recent win strwak at 9
[12:26] {magoo} streak
[12:26] {dino} ccrt blood
[12:26] {Threei} 9 days in a row}
[12:26] {magoo} yeah
[12:26] {dino} 8 for 10 here
[12:26] {magoo} starting over, up yestersay
[12:26] {Threei} what can I say... it's time for a breather :)
[12:26] {Threei} here are two most important things for a losing day, follow them and you will be fine:
[12:26] {Threei} 1. never let it get out of control, keep losses within your usual risk tolerance
[12:26] {Threei} do not try to get revenge
[12:26] {Threei} which is likely to dig deeper hole.
[12:26] {Threei} Simply take setups as they come,
[12:26] {Threei} don't take blind chances
[12:26] {Threei} plug along, decrease your activity, cut down size.
[12:26] {Threei} 2. never let losing day impact your mental state,
[12:26] {Threei} do not dwell on it,
[12:26] {Threei} it tends to create mental monsters
[12:26] {Threei} Simply move on, losing day is normal thing for a ny trader and nothing to beworried about.
[12:26] {Threei} a ny trader is not ""a new york trader"" btw... it's simply ""any trader"" {G}
[12:26] {Chaeron} funny how that came out...
[12:26] {magoo} yeah..i was reading new york into that
[12:26] {Threei} that's normal... disturbing part is, I understand how you read it...
[12:26] {dino} esrx sm l .50
[12:26] {magoo} l aapl here .84
[12:26] {kazaam} slow.....
[12:26] {Threei} very
[12:26] {magoo} aapl stopped btw
[12:26] {dino} fstr l sm .70
[12:26] {Threei} LEH half lot short 27.10 if stays below .30
[12:26] {Threei} invalidated
[12:26] {Threei} SNCR
[12:26] {Threei} WILL CONTINUE AT&T RELATIONSHIP FOR IPHONES, BUT WILL NOT PARTICIPATE IN ONSITE 3G IPHONE ACTIVATIONS - FILING
[12:26] {dino} cenx blood
[12:26] {magoo} market feels like it wants up 100 to me...just a feel
[12:26] {magoo} kill the shorts{again}
[12:26] {Threei} funny... I just thought it starts feeling like rally out of nowhere
[12:26] {magoo} we thinking a like}
[12:26] {Threei} very disturbing
[12:26] {magoo} my thoughts exactly
[12:26] {Threei} what's with FEED}
[12:26] {magoo} UUHGGG
[12:26] {magoo} same thought again
[12:26] {Threei} offers suddenly disappeared for 20-30 cents up
[12:26] {Threei} then returned
[12:26] {Threei} VVUS again
[12:26] {Threei} see this spike similar to what I described}
[12:26] {dino} nue l .95
[12:26] {kazaam} hah, stepped into the bathroom for 1 minute and ZOOM goes the market
[12:26] {kazaam} you guys were getting the psychic itch}
[12:26] {Threei} no kidding
[12:26] {Threei} i see no news VVUS
[12:26] {magoo} kaz, u need a dino invention
[12:26] {magoo} traders bathroom chair
[12:26] {kazaam} awww yes a curse and a blessing
[12:26] {magoo} 5 paymts of 29.99 @ dino.com
[12:26] {Threei} OK, that was a great intuition on our part magoo... now, if we saw the way to benefit too, would be even better, lol
[12:26] {dino} esrx stopped -.34
[12:26] {dino} lol
[12:26] {Threei} so... what the heck was that
[12:26] {Threei} PPT intervention}
[12:26] {Threei} trainee at major bank leaned on a wrong button}
[12:26] {Threei} US SENATE REPUBLICANS BLOCK PROPOSED WINDFALL OIL TAX
[12:26] {dino} mhld
[12:26] {dino} a bit of a spread
[12:26] {magoo} long 10
[12:26] {magoo} NOT
[12:26] {Threei} EIA RAISING OPEC OUTPUT FORECAST TO 32.71M BPD FROM 32.25M BPD
[12:26] {Threei} 7.50 break long VVUS if holding above .40
[12:26] {Threei} .45 right now, right}
[12:26] {magoo} yes
[12:26] {dino} nue stopped
[12:26] {dino} -.45
[12:26] {magoo} in
[12:26] {Threei} what's with CRDC}
[12:26] {Threei} overall, what's going on everywhere}
[12:26] {magoo} i confused
[12:26] {dino} agnc
[12:26] {hawkfan4} 10-Jun-08 08:20 ET In Play Cardica: Lazard says to buy before data; expect device exceeds hand-suturing patency rates; increasing visibility among cardiac surgeons (7.23 )
[12:26] {Threei} thank you
[12:26] {dino} some strange moves today
[12:26] {Threei} very
[12:26] {Threei} and my connection is flaky, quotes reload all the time
[12:26] {Threei} so I am not syure which moves are real and which are just my bad connection
[12:26] {Threei} CFTC LAUNCHES INTERAGENCY TASKFORCE TO EVALUATE COMMODITY MARKETS
[12:26] {magoo} powering up
[12:26] {dino} fwlt sm l .73
[12:26] {dptl} stopped vvus
[12:26] {dino} going for hod's
[12:26] {magoo} stopped VVUS .29
[12:26] {Threei} am I back}
[12:26] {dptl} yep
[12:26] {magoo} no
[12:28] {Threei} SAUDI ARABIA SETS JUNE 22 DATE FOR MEETING BETWEEN OIL CONSUMER/PRODUCER COUNTRIES - UNCONFIRMED REPORT
[12:33] {magoo} l rimm .90
[12:36] {magoo} out hee .39
[12:38] {Threei} VSCI interesting
[12:38] {Threei} broke major resistance at 6
[12:41] {dino} out fwlt .03 +.30
[12:47] {kazaam} nice dino
[12:49] {Threei} 8.50 very risky long trigger CRDC
[12:50] {Threei} UAE OIL MINISTER NOTES INVENTORY LEVELS ARE" HUGE" AND REITERATES THERE IS NO SHORTAGE IN WORLD OIL MARKETS
[12:50] {Threei} - says would be happy to participate in the supplier/consumer meeting announced by Saudi
[12:51] {Threei} FSLR
[12:51] {Threei} HEARING VAGUE CHATTER CONCERNING POSSIBLE COLLABORATION WITH GE UNIT
[12:55] {dino} ty kazaam
[12:55] {dino} brb
[12:57] {magoo} that news a month ago would have shot fslr up 25 points
[12:58] {Threei} with oil dropping, hard to expect solar to jump I guess
[13:00] {kazaam} i lost my oil futures charts last month, can anybody suggest an oil index/etf or something that mirrors oil}
[13:00] {Threei} USO
[13:00] {kazaam} thanks
[13:02] {Threei} half out CRDC .72
[13:03] {Threei} trying for .90 with other half
[13:06] {hawkfan4} FSLR trying to pull the solars up
[13:08] {dptl} half out .84 crdc
[13:08] {Threei} :)
[13:08] {dptl} offering .97
[13:08] {Threei} finally something worked for real eh}
[13:08] {dptl} :)
[13:09] {Threei} perseverance does it
[13:09] {Threei} SOLF and JASO followed FSLR
[13:10] {Threei} 100 out .90 CRDC
[13:10] {hawkfan4} 1/2 out crdc .84
[13:10] {Threei} 400 left
[13:10] {Threei} ok, out .88
[13:10] {Threei} whew
[13:10] {Threei} that was worth the wait
[13:10] {Threei} got back all previous stops
[13:11] {Threei} and then some
[13:11] {dptl} out fre+.50
[13:11] {hawkfan4} out rest .90, thx vad, nice one
[13:11] {Threei} welcome sir
[13:11] {Threei} NQ sharp spike
[13:12] {Threei} CFTC COMMISSIONER: MUST FULLY INVESTIGATE THE RECENT RISE IN ENERGY PRICES
[13:12] {Threei} USO dropping like there is no tomorrow
[13:12] {Threei} (hopefully there isn't for it)
[13:13] {dptl} lol 5c come on
[13:13] {Threei} someone's getting greeeeeedy
[13:13] {dptl} :)
[13:14] {dptl} 500 left
[13:14] {dino} spike up dji
[13:15] {Threei} OPEC SEC. GENEARL CONFIRMS JUNE 22ND MEETING IN JEDDAH BETWEEN SUPPLIERS AND PRODUCERS
[13:15] {Threei} this starts looking like concerted effort to bring oil prices down
[13:15] {Threei} will it work}
[13:16] {Threei} there you go dp
[13:16] {dptl} 2c
[13:16] {Threei} will happen in a few seconds
[13:16] {Threei} will probably overshoot 9 by a bit before retreating
[13:16] {dptl} only one at .97
[13:18] {Threei} wow
[13:18] {Threei} that's one serious offer by UBSS
[13:18] {dptl} whew..out in full...ty:)
[13:18] {Threei} welcome dp
[13:18] {Threei} good to see you guys having faith in me after rough start
[13:18] {dptl} back to green:)
[13:19] {Threei} and, as it well known, it's not easy being green
[13:19] {dptl} today yes....
[13:19] {Threei} OK... cultural references get lost on dp :)
[13:19] {dptl} lol...litle slow...was working all night
[13:21] {magoo} greenm here boss
[13:21] {Threei} :)
[13:22] {Threei} look at little brave CRDC
[13:22] {Threei} trying to chew through that offer
[13:23] {Threei} couldn't help myself and scalped break
[13:23] {Threei} lol
[13:23] {Threei} 9 cents on 2K
[13:30] {Chaeron} ok I'm back and see I missed a goodie........
[13:30] {Threei} and couple lamies
[13:31] {Threei} but lamies were small
[13:31] {Threei} while goodie was relatively nice size
[13:31] {Threei} which is essence of a well-structured trading
[13:32] {Threei} oil 133}
[13:32] {hawkfan4} 131.70
[13:33] {Threei} sheesh
[13:33] {Threei} thank you
[13:33] {Threei} I am in abyss of misinformation today
[13:33] {hawkfan4} -2.66
[13:33] {Threei} it's not pretty let me tell you
[13:34] {magoo} sh aapl
[13:34] {magoo} ,35
[13:35] {Threei} do you guys have this feeling in your stomach that today's market is infested with very big fish
[13:35] {Threei} great whites all over
[13:35] {Threei} circling
[13:35] {dino} no, seems thin and clunky
[13:35] {Threei} CRDC not done yet
[13:35] {kazaam} very thin and clunky feeling
[13:35] {Threei} thin, yes
[13:36] {Threei} but driven by forces beyond comprehension
[13:36] {Threei} power that be itself
[13:37] {kazaam} is volume low today}
[13:37] {Threei} so far, roughly half of yesterdays
[13:38] {Threei} unless my quotes lie again
[13:44] {Chaeron} .
[13:48] {Threei} MORGAN STANLEY GLOBAL HEAD OF RATE STRATEGY: SEES FED UNLIKELY TO RAISE RATES UNTIL MID 2009
[13:52] {dino} fwlt l .40
[13:53] {Threei} SQNM .21 long, just a scalp
[13:54] {Threei} .15 support
[14:00] {Threei} invalidated
[14:03] {magoo} 2 p.m ritual selloff
[14:03] {kazaam} slow as hell though
[14:07] {dino} stopped fwlt -.30
[14:12] {Threei} SPENDINGPULSE: US WEEKLY GASOLINE DEMAND -3.8% Y/Y, +0.5% FROM WEEK AGO
[14:12] {Threei} - 4 week gasoline use -5.2% y/y
[14:13] {Threei} chaeron, get that Hammer off a driveway
[14:13] {Chaeron} Hummer} not me... I have a small car... 2 seater
[14:14] {Threei} with jets}
[14:14] {Threei} or propellers}
[14:14] {Chaeron} not a flying car... I thought when I was a kid we'd have by now, but sadly, no
[14:16] {kazaam} flying cars soon
[14:16] {dino} was that like 100 years ago}
[14:16] {kazaam} apple will get around to it
[14:17] {Threei} as a giveaway if you buy IPod}
[14:18] {kazaam} what a promotion that would be
[14:19] {Threei} OK, nobosy eats raw tomatoes
[14:19] {Threei} FDA EXPANDS SALMONELLOSIS WARNING ON RED TOMATOES NATIONWIDE
[14:21] {dino} nue l sm .50
[14:25] {Chaeron} SQNM }
[14:26] {Threei} not sure
[14:26] {Threei} would prefer tighter stop
[14:26] {Chaeron} than .15}
[14:26] {Threei} as it is now, stop would have to be under .10
[14:29] {kazaam} on the stocks you trade in this room, what would you say the maximum size you could trade and get filled at would be} 2k and below}
[14:29] {dptl} out nue +.20 ty Dino
[14:30] {Threei} varies kaz
[14:30] {Threei} you can do 5K on some, 200-300 on others
[14:30] {Threei} there is no average, it depends on how thick stock is
[14:31] {dino} gj dp
[14:32] {dptl} you still in }
[14:32] {dino} yes, being greedy
[14:34] {dptl} here we go
[14:36] {Threei} nice one
[14:36] {dptl} nice
[14:36] {dino} cenx is sort of leading it
[14:37] {Threei} GW got an offer at 9
[14:38] {Threei} why is it trading higher
[14:38] {Threei} by inertia} :)
[14:39] {fernp} Grey Wolf announces receipt of unsolicited proposal from Precision Drilling Trust for $9/share
[14:49] {Threei} WHITE HOUSE: US TO PARTICIPATE IN SAUDI ARABIAN MEETING OF CONSUMERS AND PRODUCERS IN JEDDAH
[14:51] {Threei} taking 10 min break, then will try to pick something for the last hour
[14:53] {magoo} .
[14:54] {kazaam} so much chop in the index futures
[14:57] {dino} nue stop to .40
[14:57] {dino} out +.90
[14:57] {dptl} nice
[14:58] {dino} ty
[14:59] {magoo} nice
[14:59] {peterg} @#%$too much office work, can't pay attenttion here!
[15:00] {dino} lol
[15:02] {Threei} IGTE
[15:03] {Threei} 9 break for a scalp
[15:12] {dptl} another +.20 nue
[15:12] {dptl} ty Dino once again
[15:13] {dino} matk l .80
[15:13] {dino} np, gj
[15:15] {Chaeron} eftb
[15:16] {Chaeron} sorry... any news}}}
[15:17] {Threei} news feed doesn't even have this symbol
[15:17] {Chaeron} was just at 4.25
[15:17] {Threei} not getting level 2 on it
[15:17] {Chaeron} shoot... sorry... BB
[15:17] {Threei} ah
[15:17] {Chaeron} pos
[15:18] {Threei} CRDC
[15:18] {Threei} mama mia
[15:18] {Chaeron} sigh
[15:18] {dptl} :)
[15:21] {Threei} OFHEO: RULE ADJUSTMENTS BOOST CAPITAL REQUIREMENTS FOR FNM, FRE
[15:22] {Threei} if takes 9.50 should have another 20-30 cents in it at least
[15:22] {Threei} risky as hell
[15:23] {magoo} u gonna}
[15:23] {Threei} I guess
[15:24] {Threei} holding well on selling, returns to highs... all the markings of a runner
[15:25] {Threei} here come momo
[15:25] {Chaeron} I'm in
[15:25] {Chaeron} .50
[15:25] {Threei} (hopefully)
[15:25] {magoo} in
[15:25] {kazaam} hehe, that play is not for the timid
[15:26] {magoo} lets break that curse together charbroil
[15:26] {Threei} no kaz
[15:26] {Chaeron} looking for just that
[15:26] {Threei} not for faint heart
[15:26] {dptl} ye i pass
[15:26] {Threei} momos are always risky
[15:26] {Chaeron} today is a good day to die
[15:26] {dptl} (trailing my profits)
[15:26] {dino} indeed worf
[15:27] {Threei} cool... magoo will help you with that if you jinx this one :)
[15:27] {dino} gj dp
[15:27] {dino} and the day's not over yet
[15:27] {Chaeron} kick this pig, will ya}
[15:27] {dptl} :)
[15:28] {cosmo} ASYS hod= 10.80 fwiw
[15:29] {cosmo} ...was
[15:30] {Threei} ok CRDC... enough games, break and go
[15:31] {fernp} where do you have the stop} 9.35}
[15:31] {Chaeron} dang... had problems with quotes and in CRDC... had to reload... fun... :) better than a thrill ride :)
[15:31] {Threei} under .30
[15:32] {Threei} with my connection problems today took just half lot
[15:32] {magoo} not looking good
[15:32] {Threei} INET at .44 is irritating
[15:33] {magoo} any read AAPL boss}feels like 187
[15:33] {Threei} not really, market is too jerky today for me to play AAPL
[15:33] {dino} out matk .92 +.12
[15:35] {Threei} hold CRDC, hold
[15:36] {Threei} SOLF
[15:36] {Threei} CITIGROUP DISCLOSES PASSIVE STAKE RAISED TO 9.4% FROM 2% - FILING
[15:36] {dino} glre
[15:37] {Threei} OK... stopped
[15:37] {magoo} freakin curse continues
[15:38] {Threei} worst thing is, it doesn't look done
[15:39] {magoo} if not..nasty rinse
[15:39] {Threei} as most momos do
[15:39] {Chaeron} I used the double top as support from 13:30 and 14:00 for stop with wiggle-ability... risky requires more room
[15:39] {dptl} it's just a matter of right entry ..imo
[15:40] {Threei} IGTE is not likely to trigger today but worth keeping on radar tomorrow
[15:40] {Threei} daily is promising on it
[15:42] {fernp} vad another bad news: Spain 4 - Russia 1 (eurocup 2008)
[15:42] {dptl} damn
[15:42] {Threei} this I can take fern :)
[15:43] {Chaeron} that a final} 4-1}
[15:43] {fernp} yes
[15:43] {Chaeron} thx
[15:44] {dptl} they were all drunk
[15:44] {Threei} then it's a miracle that they lost
[15:44] {dptl} lol..pretty much
[15:44] {fernp} lol
[15:44] {Chaeron} roflol
[15:45] {Threei} MER
[15:45] {Threei} CEO SAYS HAVE NOT USED FED LENDING FACILITY
[15:46] {dino} yeah, just like leh wasn't raising capital
[15:46] {judijim} bye for today, be back tomorrow
[15:47] {Threei} or BSC had no liquidity problem
[15:47] {Threei} take care jj
[15:47] {magoo} bye j&J
[15:47] {Chaeron} bye jj
[15:50] {Threei} I swear frikin thing will break and go higher, lol
[15:51] {magoo} back in
[15:51] {magoo} momo comith
[15:51] {magoo} .50
[15:52] {magoo} small\
[15:52] {Chaeron} I'm still in there with you mag... we have 8 min
[15:52] {dino} damn, forgot open order, just filled s glre sm .83
[15:52] {Threei} sheesh... he just won't give up magoo
[15:52] {Threei} wow dino
[15:53] {Chaeron} who me}
[15:53] {Threei} yes :)
[15:53] {magoo} lets put that curse to bed char
06[15:53] * Threei kicks CRDC in the rear real hard
[15:54] {Chaeron} do we see .85}
[15:54] {dino} oh well, hard stop .02
[15:54] {Threei} let's see .70 first
[15:55] {kazaam} alright, adios everybody, good luck CRDC
[15:55] {Threei} tke care kaz
[15:56] {dino} cya kaz
[15:56] {fernp} adios kaz
[15:56] {Threei} I am out .74 on my reentry
[15:56] {hawkfan4} out .74, nice
[15:56] {Threei} what a day
[15:56] {dptl} gj guys:)
[15:56] {dino} glre bstop to .79
[15:56] {Threei} ewas so sure this time that took full lot
[15:57] {dino} stopped +.04
[15:58] {dino} btfg nonsense
[15:59] {fernp} see you tomorrow. Thanks to all
[15:59] {Threei} thank you all
[15:59] {Threei} that was very unusdual day
[15:59] {Threei} not easy by any means
[15:59] {Threei} but ended profitably
[15:59] {dptl} have a good evening all...and ty...:)
[15:59] {magoo} out .78 YEAH
[15:59] {Chaeron} out at .74 +0.24....
[15:59] {Threei} take care guys, see you all tomorrow
[15:59] {dino} gj
[15:59] {Chaeron} IT'S BROKEN MAGS
[16:00] {magoo} YES CHASR
[16:01] {Threei} And thus, the Great Curse of Chaeron's was broken, forever and ever
[16:02] {magoo} every thing will change vad
[16:02] {dino} and he lived happily ever after
[16:04] {Threei} and speaking of curses... what a first day for stevefo :)
[16:04] {Threei} really, been a serious while since we had such wierd day
[16:05] {Threei} OK, left... CRDC can go to 15 without me for all I care
[16:05] {magoo} steve do ok}
[16:05] {Threei} btw mags
[16:05] {Threei} before I left
[16:05] {magoo} OY
[16:06] {Threei} CRDC is to keep an eye at for tomorrow, this kind of momo often has continuation
[16:06] {magoo} agree
[16:06] {magoo} smart buyiong into bell
[16:06] {Threei} and now, what you expceted:
06[16:06] * Threei slaps magoo around a bit with a large trout
[16:06] {magoo} YESSSSSSSSSSSS
[16:06] {magoo} my day cmpletes
[16:09] {stevefo} enjoyed it guys! I'm doing a lot more watching than "doing"--but I'd rather walk and then (hopefully) run. Really appreciate what you have going here!
[16:10] {dino} gl steve
[16:13] {dino} gn all
Tuesday, June 10, 2008
Monday, June 9, 2008
Jun 09 2008
Session Start: Mon Jun 09 00:00:00 2008
[08:01] {Threei} LEH
[08:01] {Threei} MOODY'S CHANGES LEHMAN'S RATING OUTLOOK TO NEGATIVE FROM STABLE
[08:01] {Threei} - Today's rating action follows Lehman's reporting of a $2.8B net loss in Q2-08 that resulted from a combination of asset valuation marks and a sharp decline in hedge effectiveness, which had previously buffered Lehman's bottom line from material losses. Moody's notes, however, that the firm would have been just above breakeven in the first quarter of the year if gains on its structured notes were excluded from income.
[08:01] {Threei} - Concurrent with its earnings announcement, Lehman will seek to offset the negative capital impact of the loss by issuing $4B of new common shares and $2B of 3-year mandatory convertible preferred stock. Moody's views the capital raise, in conjunction with balance sheet de-leveraging/de-risking, as a positive step in bolstering both the balance sheet and investor confidence.
[08:02] {Threei} 06/09/08 06:48am
[08:02] {Threei} [LEH] Lehman Brothers Holdings Inc Reports Q2 -$5.14 v -$0.22e, R -$668.0M v $2.62Be; Plans to raise $6B in capital (as expected)
[08:02] {Threei} - CEO: "Very disappointed in these results."
[08:02] {Threei} - Grew holding company liquidity pool to an estimated $45B from $34B at the end of the prior quarter.
[08:03] {Threei} - Decreased gross assets by approximately $130B and net assets by approximately $60B.
[08:03] {Threei} - Reduced gross leverage to under 25.0x from 31.7x at the end of Q1, and reduced net leverage to under 12.5x from 15.4x
[08:03] {Threei} - Reduced exposure to residential mortgages, commercial mortgages and real estate investments by an estimated 15-20% in each asset class.
[08:04] {Threei} 06/08/08 11:02pm [LEH] Lehman Brothers Holdings Inc South Korea's Korean Development Bank and Woori say they do not plan to help Lehman raise capital
[08:05] {Threei} ROYL
[08:05] {Threei} ANNOUNCES AGREEMENT FOR $4M PLACEMENT
[08:05] {Threei} - . Funds from the offering, expected to close later Monday, will be used for general working capital that will allow the company to accelerate drilling and development on several key projects ultimately leading to enhanced cashflow performance.
[08:05] {Threei} - The terms of the agreement include the sale of 547,945 shares at $7.30 with warrants for an additional 191,781 shares at the same price.
[08:26] {Threei} UPDATE: JURY FINDS EXTENDED TASER DEVICE APPLICATION 15 PERCENT RESPONSIBLE FOR ARREST RELATED DEATH OF ROBERT C. HESTON
[08:26] {Threei} - nnounced that a jury verdict in United States District Court for the Northern District of California in the case of Betty Lou Heston, et al. v. City of Salinas, TASER International, Inc., et al. found that the extended duration of a TASER ECD contributed 15 percent to the death of Robert C. Heston on February 19, 2005. While the jury attributed 85 percent of the cause of death to the
[08:26] {Threei} actions of the decedent, the jury awarded $1,021,000 in compensatory damages and $5,200,000 in punitive damages against TASER International based on alleged negligent failure to warn. The jury verdict was delivered Friday evening.
[08:27] {Threei} to my knowledge this is a first case where Taser is found responsible
[08:27] {Threei} may open a floodgate
[08:27] {Threei} OPEC PRESIDENT: OIL WOULD TRADE AT $70/BARREL WITHOUT SPECULATION; THE WEAK DOLLAR ADDS $40 A BARREL TO THE OIL PRICE
[08:27] {Threei} - Oil supply is largely sufficient; Price rise is not the result of a supply shortage
[08:44] {Threei} quite an interesting read:
[08:44] {Threei} According to the Wall Street Journal, on Friday, the top finance official for the UK's opposition party met with the Fed's Bernanke. The report said that both parties discussed ways to prevent a repeat of the credit crisis. According to sources in Washington, the Financial Times wrote, US officials are concerned about the recent rise in the EUR/USD pair following Trichet's surprise comments last week. Some US officials believe that an ECB rate hike will undermine efforts to prevent the USD from falling further against the EUR. The article adds that currency fluctuations are expected to be discussed by the G8. The UAE Central Bank Chief said overnight that the GCC currency could be delayed beyond 2010, due to inflation. The Central Bank Chief added that the Dollar will remain currency of choice in sovereign foreign exchange reserves. Liam Halligan wrote in the Telegraph overnight that a decade on, the Euro-Zone is still enduring the co-ordination problems that have bedevilled it from the outset.
[08:44] {Threei} France is set to grow almost 2% this year, Italy barely at all. The credit crunch has sent Spain into a tailspin, but Germany will probably muscle its way through. So where should the ECB set interest rates? Trichet hinted last week that with Euro-zone inflation now at 3.6% rates may need to rise. That may suit inflation-averse Germany, but it could crucify debt-driven nations such as Italy, Spain and Ireland. The ECB's policy headaches just got even worse. Trichet's clear signal on rates caused the Euro to rise, which sent the dollar crashing. However, that dollar fall, in turn, sent oil spiraling all the way to $139 a barrel. That, of course, raises Europe's energy costs, so provoking more Euro-zone inflation.
[08:45] {Threei} Trichet merely compounded the problem he was trying to solve. As the downturn deepens, and political tensions rise, the policy needs of the region's very different major economies - to say nothing of the little ones - will somehow need to be reconciled. That is why I genuinely believe the euro may ultimately not survive. Currency unions have endured only when - like the UK and US - they've been fused after generations of political union and held together by a federal tax system. The euro, in contrast, is built on a series of policy conflicts, confusions and even delusions.
[08:48] {Threei} LEH
[08:48] {Threei} CNBC: HEARING PRICING OF ITS $6B OFFERING TO OCCUR AT 9AMET; HEARING PRICING OF COMMON STOCK OFFERING TO BE AT $28/SHR
[08:48] {Threei} - conv. offering to have 8.75% coupon with an 18% coversion premium
[08:49] {magoo} morning
[08:49] {Threei} magoo :)
[08:57] {magoo} quite alot to read this morn in room
[08:58] {Threei} yeah, I am trying to make sure our intellectual degradation is not too pronounced, and we at least keep our reading abilities intact
[08:58] {Threei} also, big bird is back... gotta give him something to do after prolonged vacation :)
[08:59] {Raven} 3 sigh ... the same old bs I see
[08:59] {Threei} yes sir :)
[09:00] {Threei} can't dissapoint you, ca we
[09:00] {cosmo} spell chek?
[09:00] {Raven} 3 nothing changes ... it just gets recycled
[09:00] {Threei} and that's the way we like it
[09:00] {Raven} 3 chek ... ? hi cosmo :)
[09:01] {Threei} in the sea of change, there should be one island of stability
[09:01] {cosmo} it fits the model...no?.. :)
[09:01] {Raven} 3 oh yea
[09:01] {dptl} good morning all
[09:01] {Raven} 3 stability is relative ... eh cosmo ?
[09:01] {Threei} dp :)
[09:01] {Raven} 3 dp :)
[09:02] {cosmo} not my relative
[09:02] {dptl} :)
[09:02] {Raven} 3 lol
[09:02] {cosmo} so... how was the black forest?
[09:03] {Raven} 3 Great Dismal Swamp ... most satisfying
[09:03] {cosmo} happy for ya
[09:04] {Raven} 3 yes ... the mosquitos are also
[09:04] {cosmo} oh
[09:04] {Raven} 3 but that problem can be solved
[09:04] {cosmo} drink lots of rum?
[09:05] {Raven} 3 always
[09:05] {Raven} 3 binoculars work quite well thru mosquito netting
[09:05] {Raven} 3 never tried that before
[09:06] {cosmo} just keep a low f stop...
[09:06] {cosmo} i think
[09:07] {Raven} 3 f-stop ... on binos ? whatever
[09:07] {Threei} LEH all over the place today
[09:09] {magoo} R
[09:09] {magoo} A
[09:09] {magoo} V
[09:09] {magoo} E
[09:09] {magoo} N
[09:09] {magoo} LEH 10 am conf call
[09:09] {Raven} 3 hey M a GGG oo OOOOOOOOOOOOOOOOOO
[09:10] {cosmo} VRTX
[09:11] {cosmo} trys to hold 34.50
[09:11] {cosmo} tries
[09:11] {fernp} Good morning
[09:12] {Threei} fern :)
[09:12] {Threei} be back in 5
[09:20] {Threei} LEH
[09:20] {Threei} CONFIRMS PRICING OF COMON STOCK OFFERING AT $28.00 PER SHARE
[09:23] {cosmo} VRTX 35 ...gonna test
[09:23] {cosmo} imho
[09:24] {Threei} PAAS
[09:24] {Threei} RAYMOND JAMES INITIATES PAAS WITH STRONG BUY
[09:26] {Threei} XIDE
[09:26] {Threei} 06:20am [XIDE] Reports Q4 $0.80, R $1.03B v $1.04Be (only one estimate)
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:31] {magoo} would LEH drop to 28?
[09:31] {magoo} ui woyul;d think
[09:31] {Threei} watching TASR for short on bounce
[09:31] {Threei} not available
[09:32] {Threei} 08:35am [SWKS] Price Target raised to $15 from $11 at Morgan Stanley; Maintains overweight rating
[09:32] {Threei} 11 looks worth a try long if gets hit
[09:34] {Threei} XIDE
[09:34] {Threei} small shares long off 18 support
[09:35] {Threei} get out here if you got it
[09:35] {magoo} missed..tried 06
[09:35] {Threei} didn't leave any time to think
[09:35] {magoo} nice read tho
[09:36] {magoo} RIMM interesting for bounce
[09:36] {Threei} nvtl
[09:37] {Threei} keeping an eye on it, not sure of a play yet
[09:37] {Threei} aggressive play would be 12.06 long
[09:38] {Threei} with .94 stop/invalidating level
[09:38] {magoo} in rimm l .23
[09:39] {dino} ma getting hit
[09:40] {magoo} stopped RIMM ouch
[09:41] {Threei} SWKS invaliadted
[09:42] {Threei} PAAS
[09:42] {Threei} .82 - .83 long
[09:42] {Threei} entry off pullback is usually better on this one
[09:42] {Threei} half lot
[09:43] {dino} feels heavy
[09:43] {Threei} first strength from here
[09:43] {dino} market i mean
[09:43] {magoo} in .50
[09:43] {Threei} stop under .40
[09:44] {Threei} lol
[09:44] {Threei} LEH
[09:44] {Threei} HEARING DEFENDED AT MERRILL LYNCH
[09:44] {dino} mer, hearing defended by leh next
[09:44] {Threei} yup
[09:45] {Threei} LEH phone call to MER: hey, I forgot whose turn to defend whom today
[09:45] {dino} bingo
[09:46] {esemde} good morning....
[09:46] {Threei} ese :)
[09:46] {dino} dino downgrading magoo
[09:47] {esemde} major sell...
[09:48] {dino} :)
[09:48] {Threei} AKAM half lot long
[09:48] {Threei} .50
[09:48] {Threei} stop .35
[09:51] {Threei} half out PAAS here
[09:53] {Threei} NQ nice uptick
[09:53] {Threei} come on AKAM
[09:54] {Threei} good boy
[09:56] {Threei} LANDENBURG MANAGING DIR: BELIEVES LEH WILL SURVIVE, BUT LACK PREVIOUS PROFITABILITY
[09:56] {Threei} LEH S&P AFFIRMS RATINGS AFTER CAPITAL RAISE
[09:57] {Threei} LEH HEARING DEFENDED AT CITIGROUP
[09:57] {Threei} they got more sophisticated
[09:57] {Threei} three of them now defend each other in circle fashion
[09:58] {esemde} longAMLN ..67 1/2 LOT
[10:00] {Threei} APRIL PENDING HOME SALES (M/M): 6.3% V -0.4%E
[10:01] {Threei} PAAS balance stopped
[10:02] {dino} ma l 288
[10:02] {dino} fast
[10:03] {Threei} nice AMLN ese
[10:04] {esemde} OUT AMLN .89
[10:04] {esemde} +.22
[10:04] {Threei} SQNM... maybe not done yet
[10:05] {Threei} .30 long, half lot, for adrenalin-deprived only
[10:07] {esemde} bstop long HANS 35.14
[10:08] {esemde} 35.46 FOR SWING TRADERS
[10:11] {esemde} tks vad didn't see your previous post
[10:14] {esemde} ouuu thought about CBRL
[10:14] {Threei} OFHEO: Q1 CAPITAL FOR FNM AND FRE 'ADEQUATE'
[10:16] {Threei} NVTL
[10:16] {Threei} if you got .06, half out here
[10:17] {Threei} AKAM, half out or take scalp
[10:17] {esemde} LONG HANS....pulled bstop went aggressive at .10
[10:18] {esemde} stop .95
[10:19] {esemde} kick it up a notch NDX!!!!
[10:19] {Threei} vague feeling that SQNM prepares surprize
[10:19] {esemde} what kind of surprise?
[10:20] {Threei} if holding around these levels, break of Fri high and explosive move
[10:20] {esemde} hmmmmmm
[10:22] {magoo} surprised AKAM didn't respond bvetter
[10:22] {Threei} yeah
[10:23] {Threei} worked but kind of lukewarm
[10:23] {magoo} because it can be explosive
[10:23] {esemde} was there news on SQNM..vad? got here abit late this morning
[10:23] {magoo} many times scalpers regrett on it
[10:24] {Threei} last week ese... news that led to that gap and continuation over a few days
[10:24] {esemde} NDX....what kind of move is that???
[10:24] {esemde} ok.....kind of remember that
[10:24] {dino} ma stopped .20 +.20
[10:25] {esemde} come on hans
[10:25] {esemde} ignore NDX
[10:25] {esemde} do your own thing.....fat chance
[10:27] {dino} f'ing ma hit my stop then runs a buck
[10:27] {esemde} i'm about to be stopped in HANS as well dino
[10:28] {esemde} gettin close
[10:28] {Threei} what's with SEAC?
[10:28] {dino} whippy
[10:28] {Threei} no news that I see
[10:28] {dino} nothing i see
[10:31] {Threei} look how well SQNM is supported
[10:31] {Threei} after such run, and close to high again
[10:31] {magoo} i just took some here
[10:31] {magoo} has the "feel" risky
[10:31] {judijim} gm traders
[10:31] {Threei} not sure about aggressive entry
[10:31] {Threei} but it's a matter of style
[10:31] {Chaeron} magoo does have "style" ... good morning all
[10:31] {Threei} in this case I'll prefer to wait for confirmation
[10:32] {magoo} half lot .08
[10:32] {Threei} chaeron :)
[10:32] {magoo} waiting .88 AKAM
[10:32] {Threei} greedy greedy
[10:32] {dino} midd
[10:32] {esemde} CCCCCHHHHHH!!!!!!!!
[10:32] {Chaeron} heya ese :)
[10:32] {Threei} SEAC, .46 long if holding above .35
[10:34] {magoo} morn CHINchar
[10:35] {Chaeron} hi magster
[10:35] {dino} aepi blood
[10:37] {magoo} out AKAM here .71 TY vad
[10:37] {Threei} welcome
[10:38] {magoo} mkts scarin me
[10:38] {Threei} CROX
[10:38] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:38] {Threei} - Nike rumored as buyer.
[10:38] {Threei} markets? it's nothing... I saw a robin yesterday, staring right me in the eyes - that was scary
[10:39] {Chaeron} spring finally make it up that way vAd?
[10:39] {magoo} old girlfriend??lol
[10:39] {magoo} {named robin}
[10:39] {Threei} lol
[10:39] {esemde} not really CH.....
[10:40] {esemde} coldest spring in a while
[10:40] {esemde} climate change ...who knows....
[10:40] {Threei} maybe I should stop watching Hitchcock 24/7
[10:41] {dino} midd sm l .78
[10:41] {Threei} is it my hallucination of SQNM is really getting ready
[10:41] {Threei} of = or
[10:41] {magoo} can 2 people be in same halluciation?
[10:41] {Threei} yes if they share what they smoke
[10:42] {esemde} DAAAAA!!!!!!!! hans stopped
[10:42] {magoo} cough cough...waaa
[10:42] {esemde} -.15
[10:42] {magoo} pass lighter vad
[10:42] {cosmo} ah..Hitchcock. Good archetype ya
[10:43] {Chaeron} still waiting for .30 on SQNM?
[10:43] {magoo} OY..
[10:43] {Threei} let me leave it to each trader to find his way to trade this one chaeron
[10:44] {Threei} it has no right way to trade it
[10:44] {Roman} 21 COIN
[10:44] {Threei} wow
[10:45] {Threei} what's with it
[10:45] {Roman} 21 just crazy
[10:45] {Threei} ah
[10:45] {Roman} 21 wants $7.5 but this market is crazier
[10:48] {Threei} OPEC'S AL BADRI: MEMBER COUNTRIES TO INVEST $160B FOR 5M BPD OUPUT INCREASE BY 2012 YEAR END
[10:48] {Threei} {USO}
[10:48] {Threei} timely exit AKAM mags
[10:49] {Roman} 21 magoo is either damn luck or good
[10:49] {Roman} 21 not sure which one
[10:49] {Roman} 21 long OMNI
[10:50] {Roman} 21 1/2 ....6.24,.25
[10:50] {magoo} lucky:)
[10:50] {Threei} DUK
[10:50] {Threei} LAUNCHES PLAN TO OWN AND OPERATE SOLAR POWER GENERATION AT UP TO 850 NORTH CAROLINA SITES
[10:52] {esemde} long HERO .10
[10:53] {esemde} AGRESSIVE ENTRY AGAIN
[10:53] {Roman} 21 long WRES
[10:53] {Roman} 21 small 14.40
[10:54] {Roman} 21 out 1/2 OMNI +.21
[10:55] {Chaeron} out OMNI + .17 Thanks a bunch Roman
[10:55] {Roman} 21 yw
[10:56] {Roman} 21 TXCO feel like a entry on pullback VAD?
[10:56] {Threei} pretty much
[10:56] {Threei} with .25 stop
[10:57] {Roman} 21 small
[10:58] {Roman} 21 i think it wants to rinse people under .25 tho before resuming higher
[10:59] {Roman} 21 LINE?
[11:00] {cosmo} 5 to 3 odds
[11:00] {dino} lol
[11:00] {Chaeron} good one cosmo..
[11:00] {cosmo} :)
[11:01] {dino} midd stop to .34\
[11:02] {dino} to .48
[11:04] {Threei} SBAC
[11:04] {Threei} .80 long if stays above .70
[11:04] {dino} to .58
[11:06] {Threei} SAUDI ARABIAN GOV: NOTES WILL CALL MEETING FOR PRODUCER AND CONSUMER COUNTRIES FOR OIL PRICE DISCUSSION
[11:06] {Threei} - Reiterates Oil Min comments that they believe that oil markets well supplied, and that fundamentals do not explain current oil price spike
[11:07] {Threei} I wish they all were saying oil goes to 300 and that's what fundamentals say
[11:07] {dino} out midd .63 +.85
[11:07] {Threei} then we would finally have a top
[11:08] {Threei} beautyful one dino
[11:08] {dino} ty
[11:09] {Threei} NCOC again
[11:09] {Threei} did you play this one last week Roman?
[11:09] {Threei} or I am hallucinating
[11:10] {Roman} 21 yes, i did
[11:11] {dino} safm l .25
[11:15] {magoo} sbac valid?
[11:18] {Threei} never lost .70
[11:20] {Threei} IRAN OIL EXEC: PLANS TO REDUCE THE OIL STORED ON TANKERS IN THE PERSIAN GULF, EXPECTS BACKLOG TO BE CLEARED BY MID SUMMER
[11:21] {cosmo} hmmm...
[11:21] {cosmo} and now a gult?
[11:23] {dino} cpla sm l .10
[11:24] {dino} one could only hope cos
[11:25] {Threei} SBAC over 1:1, half out
[11:25] {Threei} scalpers know what to do
[11:27] {dino} going to top soon, imo. lots of friends asking q's on oil futures latey
[11:27] {dino} usually a sign
[11:27] {cosmo} sigh...i ment 'glut'
[11:28] {Threei} cab driver/shoe shining boy indicator?
[11:28] {dino} yes
[11:28] {Threei} usually works like charm
[11:28] {Threei} ese, look dcc please
[11:30] {Threei} SBAC over 1:2
[11:30] {Threei} make up your mind to take profit or trail and ride
[11:33] {Threei} over 1:3
[11:33] {Threei} everyone's asleep?
[11:33] {magoo} not in
[11:33] {Threei} should I stop interrupting your rest with those pesky calls?
[11:33] {magoo} thought i was chasing it at .86..sigh
[11:33] {Threei} it pulled back right to exit
[11:33] {Threei} to entry sorry
[11:34] {Threei} gave second chance
[11:36] {magoo} how about here/
[11:36] {magoo} ?
[11:36] {magoo} KIDDING
06[11:36] * Threei slaps magoo around a bit with a large trout
[11:38] {Threei} NCOC
[11:38] {Threei} 8.15 worth a try
[11:38] {Threei} if that big offer gets taken
[11:38] {dino} cpla stop to .46
[11:39] {dino} out slipped cpla ave .44. +.34
[11:41] {Threei} stop under 8
[11:52] {Threei} trailing NCOC to 8.05
[11:53] {Threei} hitting 1:1
[11:53] {Threei} and over
[11:53] {fernp} out. thank you Vad
[11:53] {Threei} no, thank you
[11:54] {Threei} I decided if no one took this one either I'd remove myself to monastery
[11:54] {dptl} out .25 ty
[11:54] {Threei} whew
[11:54] {fernp} lol
[11:55] {dino} safm stopped .97 -.28
[11:58] {Threei} just how long is SQNM going to tease
[11:59] {magoo} maybe not in cards fior today
[12:00] {Chaeron} well, it's lunchtime and not once have I seen a carrot or boot or 2x4 outta you yet Vad...
[12:00] {Threei} holding so well... digesting the resistance...
[12:00] {Threei} really... something's wrong with me
[12:01] {Chaeron} you awake?
[12:01] {Threei} I never a,
[12:01] {Threei} am
[12:01] {Chaeron} ok, good good... that's normal
06[12:01] * Threei hangs a carrot at 13 for SQNM and kicks darn stock in the rear woth heavy duty steel-toed electrocharged army boots
[12:04] {esemde} gone for the day all...still hangin on to HERO..we'll se what happens by the end of the day
[12:04] {dino} ma feels like it want 275 before expiration
[12:04] {Threei} take care ese :)
[12:04] {Chaeron} bye ese
[12:04] {esemde} see ya CH....
[12:04] {dino} later es
[12:04] {esemde} dino
[12:05] {Threei} sbac
[12:05] {Threei} if pulls back to 34.80 will be interested into bounce
[12:06] {dino} alog wicked daily
[12:08] {Threei} wierdo
[12:08] {magoo} mktsselling here
[12:08] {Threei} those tails on daily spell troubles :)
[12:15] {Threei} SBAC long half lot
[12:16] {Threei} stop under .75
[12:21] {Threei} FED'S STERN: BEAR STEARNS RESCUE MAY HAVE SIGNIFICANT COST AS IT ENCOURAGES RISK TAKING - 2007 ANNUAL REPORT
[12:21] {Threei} really?
[12:21] {Threei} why is it that words "moral hazard" were on everyone lips but Feds
[12:23] {Threei} let's get cute and keep SBAC stop .79
[12:23] {Chaeron} now you're dreaming... look at this group... we'll never be "cute"
[12:24] {dino} speak for yourself
[12:24] {Threei} not only am I dreaming - I refuse to wake up
[12:24] {Threei} lol dino
[12:24] {Chaeron} lol
[12:33] {Threei} SBAC almost 1:1 for scalpers
[12:41] {dino} spsx
[12:45] {magoo} vad, if i may, where is entry on second try sbac?
[12:46] {Threei} second?
[12:46] {Threei} you mean if it pulls back from here?
[12:46] {magoo} i thought u reentererd?
[12:46] {Threei} yes, it was .85 - .86 at the moment
[12:47] {Threei} wow, what happened to QTWW?
[12:48] {Threei} no news that I see
[12:48] {Threei} bounce candidate
[12:48] {Threei} .17 entry, .09 stop
[12:50] {Chaeron} watching SQNM again
[12:52] {Chaeron} NCOC too
[12:52] {magoo} vad, u usually have a good feel...what your thoughts on state of market?
[12:52] {magoo} enbd of world or market resilent?
[12:52] {Threei} none really, very indecisive day so far
[12:53] {magoo} no i meant like overall
[12:53] {Threei} yes
[12:53] {Threei} really can't tell
[12:53] {dino} partial fill spsx s .15
[12:54] {dino} ok sm wide
[12:58] {dino} cov .50 spsx +.65
[13:00] {dino} hmm
[13:02] {Threei} out QTWW with scalp
[13:04] {Threei} no takers?
[13:05] {Threei} monastery... here I come
[13:06] {Threei} DOLLAR MAKES NEW HIGHS AGAINST THE EURO AND YEN POST PAULSON/ GEITHNER COMMENTS
[13:06] {Threei} - Sec. Paulson noted that he would never take currecny intervention or any other policy tool "off the table" with several wires attributing recent $ strength to this comment.
[13:06] {Threei} - Dealers note EUR/USD support around 1.5630 (post G7 pivot level). USD/JPY resistance at 106.70 (1-year downtrend line)
[13:08] {Threei} SQNM is very sneaky
[13:09] {dino} lodf
[13:10] {dino} lod con=ming for ndx
[13:10] {Threei} AAPL
[13:10] {Threei} JOBS: INTRODUCES NEW VERSION, SNOW LEOPARD
[13:11] {dino} wow, my typing is terrible today
[13:13] {Threei} I wish I could add "today" to the same line
06[13:15] * Threei slaps magoo around a bit with a large trout
06[13:15] * Threei slaps Chaeron around a bit with a large trout
06[13:16] * Threei slaps dptl around a bit with a large trout
[13:16] {Chaeron} }{
[13:17] {Threei} ok SQNM... are you ready?
[13:17] {Threei} or teasing again
[13:18] {Threei} {SQNM} I am ready
[13:19] {Chaeron} I'm out @.33 + 30
[13:19] {Threei} FED'S FISHER: GLOBAL DEMAND PRESSURES ARE PUSHING UP INFLATION, WEAKER DOLLAR COULD FEED BACK INTO PRICES - CNBC INTERVIEW
[13:19] {Threei} - Imperative to deal with new consumer demand for some time.
[13:19] {Threei} - Most concerned about inflation expectations, reiterates Treausry Secretary Paulson's comments with regards to intervention, noting that they never take anything "off the table," including currency intervention.
[13:19] {Threei} - Notes the best way to establish credibility is by anchoring inflation expecations. Controlling inflation is imperative for sustained growth.
[13:19] {Threei} - Time must be allowed for the Fed's liquidity actions to take effect. Borrowers should expect stronger oversight.
[13:19] {Threei} - It would be "disasterious" if the Fed monetized the US national debt.
[13:21] {Threei} poor LEH
[13:21] {Threei} no matter who is defending it, it just goes down the drain
[13:22] {Threei} half out SQNM
[13:22] {Chaeron} feeling foolish about that .33 exit on SQNM
[13:26] {Chaeron} ok, now it's just mocking me
[13:26] {Threei} told ya it had real potential
[13:26] {Chaeron} yeah... 13
[13:27] {Chaeron} just being conservative this week
[13:28] {Threei} do I hear 13?
[13:28] {Chaeron} there you go
[13:28] {magoo} 14
[13:28] {Chaeron} see? I know what I'm doing... just no faith in self :)
[13:28] {hawkfan4} pure beauty, thx vad
[13:28] {Threei} hawk :)
[13:29] {Threei} mags, taking off the table any??
[13:29] {Threei} be reasonable
[13:30] {magoo} trying
[13:30] {magoo} out
[13:30] {magoo} ty
[13:30] {Threei} welcome
[13:31] {magoo} very nice on your part
[13:31] {Chaeron} nice job all... ty Vad
[13:31] {Threei} play after play I was taking scalps, from 10 to 30 cents, but on this one told you from the get-go, it was not a scalp
[13:31] {Threei} when it has mojo, it has it
[13:31] {magoo} u said 13 from onset i believe
[13:32] {Threei} ok, now tell me... why did you skip cute little QTWW scalp
[13:32] {magoo} who?
[13:32] {Threei} you
[13:32] {magoo} i took .21
[13:33] {Threei} and you:
06[13:33] * Threei slaps Chaeron around a bit with a large trout
[13:33] {magoo} but canned it flat
[13:33] {Threei} you did?
[13:33] {magoo} yeah
[13:33] {magoo} no like
[13:33] {Threei} ok then
[13:34] {Threei} different take on play is fine... it's total ignore that puzzles me :)
[13:35] {magoo} well...i do have u on ignore as u know
[13:35] {magoo} wheres laser been?scarse lately
[13:35] {magoo} vaca vad?
[13:37] {Threei} yes but he does his best to pop up every day
[13:37] {Threei} which is commendable
[13:37] {Threei} no way I'd do that on my vacation
[13:37] {magoo} yeah..we know lol
[13:37] {Threei} when Alaska time comes, I'd better communicaate with orcas than with traders {G}
[13:42] {magoo} aapl bounce vad?
[13:42] {Threei} ECB'S TRICHET: CENTRAL BANKS COORDINATED 'VERY INTENSELY' FOR THE FINANCIAL MARKET TURMOIL, EUROZONE COMPANIES ARE AVOIDING ANY LARGE IMPACT FROM THE TURMOIL AT CURRENT
[13:42] {Threei} - Reiterates that there is a separation between the stance on monetary policy and money market actions when events are unexpected; market correction 'ongoing'
[13:42] {Threei} I wouldn't mags
[13:47] {magoo} now?
[13:48] {Threei} I don't feel it's worth the risk until trend changes
[13:48] {Threei} why jump on all this stuff?
[13:48] {Threei} haven't we found play after play today on obscure stocks?
[13:49] {Threei} with close to 100% hitting rate?
[13:49] {Threei} look at AAPL
[13:50] {Threei} 70 cents drop since I started typing this answer
[13:50] {Threei} I mean full buck
[13:50] {Threei} I mean buck and 30
[13:50] {Threei} I mean... OK, you got the idea
[13:51] {Threei} not every battle is worth fighting
[13:51] {magoo} yup
[13:52] {Threei} I am sure you would be hard pressed to find any room that would perform at such percentage today as we did
[13:52] {Threei} thatnks to what it happens?
[13:52] {Threei} extreme pickiness, risk adversity, chosing our battles carefully, taking safe plays only
[13:53] {Threei} worst case scenario, what size would have our stops been?
[13:53] {Threei} 10-15 cents?
[13:53] {Threei} let them fight AAPL today
[13:53] {Threei} or LEH
[13:54] {Threei} a lot of dead bodies will be scattered all over that battlefield
[13:54] {Threei} 4 bucks down since we started this dialog?? :)
[13:54] {Chaeron} wow... missed that short :)
[13:54] {magoo} bounce??
06[13:55] * Threei slaps Chaeron around a bit with a large trout
06[13:55] * Threei slaps magoo around a bit with a large trout
[13:55] {Chaeron} roflol
[13:55] {Threei} anyone else wants to trade AAPL today?
[13:55] {Threei} do I have a trout for ysa
[13:55] {Threei} ya
[13:57] {dino} ndx -5% from thursday
[14:13] {dptl} .
[14:14] {Threei} AAPL
[14:14] {Threei} INTRODUCES IPHONE 2.0 FIRMWARE, ADDITIONAL LANGUAGE, APPLICATION SUPPORT, IPHONE 2.0 TO BE AVAILABLE IN JULY
[14:14] {Threei} - Added MSFT office support
[14:14] {Threei} this news certainly deserves such selloff eh?
[14:14] {magoo} cramer was tellin people to sell
[14:15] {Threei} so they did, didn't they
[14:18] {magoo} he has post on site..sell 1/4 friday, 1/4 this morn..1/4 at close..hold 1/4 for tomorrow
[14:18] {magoo} seriously
[14:19] {dino} imo ndx support is 1940
[14:19] {Threei} so any reasonable one thinks why don't I simply sell it all today eh
[14:20] {dino} watching alog for bounce, quick mover
[14:23] {dino} ma hit 276, didn't think that would happen so quickly
[14:24] {fernp} MasterCard says Discover's damages claim is baseless - Bloomberg
[14:25] {magoo} peolpe follow him off a cliff vad...like we do with u here he he
06[14:25] * magoo slaps laserdave1 around a bit with a large trout
[14:25] {dino} lemmings
06[14:26] * Threei slaps laserdave1 around a bit with a large trout
06[14:27] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:27] * magoo slaps Raven around a bit with a large trout
[14:30] {dino} sm l vrtx .65
[14:32] {Threei} AAPL
[14:32] {Threei} INTRODUCES 3G IPHONE MODEL (AS EXPECTED)
[14:32] {Threei} what an utter and complete confusion
06[14:37] * Raven slaps dino around a bit with a large trout
[14:37] {dino} ouch
[14:37] {dino} what was that for?
[14:37] {Raven} 3 just to say hello
[14:38] {dino} hi
[14:38] {dino} is that so hard
[14:39] {Raven} 3 no, but magoo got me first sso I thought of you
[14:40] {magoo} huh??
[14:40] {dino} out vrtx .05 +.40
[14:40] {magoo} me too, ty dino
[14:40] {magoo} exact
[14:40] {dino} well, at least you're tinking
[14:40] {dino} thinking
[14:41] {dino} gj magoo, nobody paying attn to me today
[14:41] {dino} 4 for 5
[14:42] {magoo} i do NOT want to PAY with u..i want to earn with u
[14:42] {dino} rrgb blood burger
[14:43] {dino} ahhhh
[14:44] {magoo} fighting urge to gpo off on trout rampage
[14:46] {magoo} vad...AAPL 8 point reversallllllllllllllllllllllllll
[14:47] {Threei} kewl
[14:47] {Threei} too bad those who sold only 1/4 earlier won't be able to take advantage of that - they will take their time to recover from heart attack
[14:53] {magoo} now AAPL dives 4 POINTS
[14:55] {Threei} yup... I am so gkad I stay away
[14:55] {Chaeron} dang... missed that short again!!! :)
[14:55] {magoo} me TTTTTTTTTOOOOOOOOOOOOOO
[14:56] {Threei} you mean 6 points mags
[14:56] {Chaeron} dang!
[15:02] {Threei} SQNM tries to gain momentum again
[15:02] {magoo} so fast vad..i dunno what i mean
[15:02] {Threei} yeah, I gave up on guessing :)
[15:12] {Threei} anyone's adrenalid-deprived?
[15:12] {Chaeron} yeah.... falling asleep
[15:13] {Threei} SQNM, if chews through YBSS offer
[15:13] {Threei} UBSS
[15:13] {Threei} not sure it will work but will wake you up for sure
[15:16] {dino} alog sm l .50, jumpy
[15:19] {Threei} oil 134
[15:30] {dino} matk sm l .77
[15:33] {dino} out alog .90, +.40
[15:39] {dptl} have a good evening all....:)
[15:39] {dino} tighten matk stop to .67
[15:39] {magoo} c u dp:)
[15:39] {dino} cya dp
[15:39] {Threei} take care dp
[15:42] {dino} dji power
[15:42] {judijim} be back tomorrow, take care everyone
[15:42] {magoo} bye jj
[15:42] {dino} cya jj
[15:42] {dino} ma 292 wow
[15:42] {dino} matk stop to .83
[15:43] {Threei} bye jj
[15:44] {dino} out matk .83, +.06
[15:44] {dino} thats all for me
[15:45] {Threei} quite impressed with NASDAQ resilience
[15:45] {Threei} 30 points recovery
[15:52] {magoo} ty vad..nite all
[15:52] {Threei} thank you all
[15:52] {Threei} have a good evening, see you tomorrow
[08:01] {Threei} LEH
[08:01] {Threei} MOODY'S CHANGES LEHMAN'S RATING OUTLOOK TO NEGATIVE FROM STABLE
[08:01] {Threei} - Today's rating action follows Lehman's reporting of a $2.8B net loss in Q2-08 that resulted from a combination of asset valuation marks and a sharp decline in hedge effectiveness, which had previously buffered Lehman's bottom line from material losses. Moody's notes, however, that the firm would have been just above breakeven in the first quarter of the year if gains on its structured notes were excluded from income.
[08:01] {Threei} - Concurrent with its earnings announcement, Lehman will seek to offset the negative capital impact of the loss by issuing $4B of new common shares and $2B of 3-year mandatory convertible preferred stock. Moody's views the capital raise, in conjunction with balance sheet de-leveraging/de-risking, as a positive step in bolstering both the balance sheet and investor confidence.
[08:02] {Threei} 06/09/08 06:48am
[08:02] {Threei} [LEH] Lehman Brothers Holdings Inc Reports Q2 -$5.14 v -$0.22e, R -$668.0M v $2.62Be; Plans to raise $6B in capital (as expected)
[08:02] {Threei} - CEO: "Very disappointed in these results."
[08:02] {Threei} - Grew holding company liquidity pool to an estimated $45B from $34B at the end of the prior quarter.
[08:03] {Threei} - Decreased gross assets by approximately $130B and net assets by approximately $60B.
[08:03] {Threei} - Reduced gross leverage to under 25.0x from 31.7x at the end of Q1, and reduced net leverage to under 12.5x from 15.4x
[08:03] {Threei} - Reduced exposure to residential mortgages, commercial mortgages and real estate investments by an estimated 15-20% in each asset class.
[08:04] {Threei} 06/08/08 11:02pm [LEH] Lehman Brothers Holdings Inc South Korea's Korean Development Bank and Woori say they do not plan to help Lehman raise capital
[08:05] {Threei} ROYL
[08:05] {Threei} ANNOUNCES AGREEMENT FOR $4M PLACEMENT
[08:05] {Threei} - . Funds from the offering, expected to close later Monday, will be used for general working capital that will allow the company to accelerate drilling and development on several key projects ultimately leading to enhanced cashflow performance.
[08:05] {Threei} - The terms of the agreement include the sale of 547,945 shares at $7.30 with warrants for an additional 191,781 shares at the same price.
[08:26] {Threei} UPDATE: JURY FINDS EXTENDED TASER DEVICE APPLICATION 15 PERCENT RESPONSIBLE FOR ARREST RELATED DEATH OF ROBERT C. HESTON
[08:26] {Threei} - nnounced that a jury verdict in United States District Court for the Northern District of California in the case of Betty Lou Heston, et al. v. City of Salinas, TASER International, Inc., et al. found that the extended duration of a TASER ECD contributed 15 percent to the death of Robert C. Heston on February 19, 2005. While the jury attributed 85 percent of the cause of death to the
[08:26] {Threei} actions of the decedent, the jury awarded $1,021,000 in compensatory damages and $5,200,000 in punitive damages against TASER International based on alleged negligent failure to warn. The jury verdict was delivered Friday evening.
[08:27] {Threei} to my knowledge this is a first case where Taser is found responsible
[08:27] {Threei} may open a floodgate
[08:27] {Threei} OPEC PRESIDENT: OIL WOULD TRADE AT $70/BARREL WITHOUT SPECULATION; THE WEAK DOLLAR ADDS $40 A BARREL TO THE OIL PRICE
[08:27] {Threei} - Oil supply is largely sufficient; Price rise is not the result of a supply shortage
[08:44] {Threei} quite an interesting read:
[08:44] {Threei} According to the Wall Street Journal, on Friday, the top finance official for the UK's opposition party met with the Fed's Bernanke. The report said that both parties discussed ways to prevent a repeat of the credit crisis. According to sources in Washington, the Financial Times wrote, US officials are concerned about the recent rise in the EUR/USD pair following Trichet's surprise comments last week. Some US officials believe that an ECB rate hike will undermine efforts to prevent the USD from falling further against the EUR. The article adds that currency fluctuations are expected to be discussed by the G8. The UAE Central Bank Chief said overnight that the GCC currency could be delayed beyond 2010, due to inflation. The Central Bank Chief added that the Dollar will remain currency of choice in sovereign foreign exchange reserves. Liam Halligan wrote in the Telegraph overnight that a decade on, the Euro-Zone is still enduring the co-ordination problems that have bedevilled it from the outset.
[08:44] {Threei} France is set to grow almost 2% this year, Italy barely at all. The credit crunch has sent Spain into a tailspin, but Germany will probably muscle its way through. So where should the ECB set interest rates? Trichet hinted last week that with Euro-zone inflation now at 3.6% rates may need to rise. That may suit inflation-averse Germany, but it could crucify debt-driven nations such as Italy, Spain and Ireland. The ECB's policy headaches just got even worse. Trichet's clear signal on rates caused the Euro to rise, which sent the dollar crashing. However, that dollar fall, in turn, sent oil spiraling all the way to $139 a barrel. That, of course, raises Europe's energy costs, so provoking more Euro-zone inflation.
[08:45] {Threei} Trichet merely compounded the problem he was trying to solve. As the downturn deepens, and political tensions rise, the policy needs of the region's very different major economies - to say nothing of the little ones - will somehow need to be reconciled. That is why I genuinely believe the euro may ultimately not survive. Currency unions have endured only when - like the UK and US - they've been fused after generations of political union and held together by a federal tax system. The euro, in contrast, is built on a series of policy conflicts, confusions and even delusions.
[08:48] {Threei} LEH
[08:48] {Threei} CNBC: HEARING PRICING OF ITS $6B OFFERING TO OCCUR AT 9AMET; HEARING PRICING OF COMMON STOCK OFFERING TO BE AT $28/SHR
[08:48] {Threei} - conv. offering to have 8.75% coupon with an 18% coversion premium
[08:49] {magoo} morning
[08:49] {Threei} magoo :)
[08:57] {magoo} quite alot to read this morn in room
[08:58] {Threei} yeah, I am trying to make sure our intellectual degradation is not too pronounced, and we at least keep our reading abilities intact
[08:58] {Threei} also, big bird is back... gotta give him something to do after prolonged vacation :)
[08:59] {Raven} 3 sigh ... the same old bs I see
[08:59] {Threei} yes sir :)
[09:00] {Threei} can't dissapoint you, ca we
[09:00] {cosmo} spell chek?
[09:00] {Raven} 3 nothing changes ... it just gets recycled
[09:00] {Threei} and that's the way we like it
[09:00] {Raven} 3 chek ... ? hi cosmo :)
[09:01] {Threei} in the sea of change, there should be one island of stability
[09:01] {cosmo} it fits the model...no?.. :)
[09:01] {Raven} 3 oh yea
[09:01] {dptl} good morning all
[09:01] {Raven} 3 stability is relative ... eh cosmo ?
[09:01] {Threei} dp :)
[09:01] {Raven} 3 dp :)
[09:02] {cosmo} not my relative
[09:02] {dptl} :)
[09:02] {Raven} 3 lol
[09:02] {cosmo} so... how was the black forest?
[09:03] {Raven} 3 Great Dismal Swamp ... most satisfying
[09:03] {cosmo} happy for ya
[09:04] {Raven} 3 yes ... the mosquitos are also
[09:04] {cosmo} oh
[09:04] {Raven} 3 but that problem can be solved
[09:04] {cosmo} drink lots of rum?
[09:05] {Raven} 3 always
[09:05] {Raven} 3 binoculars work quite well thru mosquito netting
[09:05] {Raven} 3 never tried that before
[09:06] {cosmo} just keep a low f stop...
[09:06] {cosmo} i think
[09:07] {Raven} 3 f-stop ... on binos ? whatever
[09:07] {Threei} LEH all over the place today
[09:09] {magoo} R
[09:09] {magoo} A
[09:09] {magoo} V
[09:09] {magoo} E
[09:09] {magoo} N
[09:09] {magoo} LEH 10 am conf call
[09:09] {Raven} 3 hey M a GGG oo OOOOOOOOOOOOOOOOOO
[09:10] {cosmo} VRTX
[09:11] {cosmo} trys to hold 34.50
[09:11] {cosmo} tries
[09:11] {fernp} Good morning
[09:12] {Threei} fern :)
[09:12] {Threei} be back in 5
[09:20] {Threei} LEH
[09:20] {Threei} CONFIRMS PRICING OF COMON STOCK OFFERING AT $28.00 PER SHARE
[09:23] {cosmo} VRTX 35 ...gonna test
[09:23] {cosmo} imho
[09:24] {Threei} PAAS
[09:24] {Threei} RAYMOND JAMES INITIATES PAAS WITH STRONG BUY
[09:26] {Threei} XIDE
[09:26] {Threei} 06:20am [XIDE] Reports Q4 $0.80, R $1.03B v $1.04Be (only one estimate)
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:31] {magoo} would LEH drop to 28?
[09:31] {magoo} ui woyul;d think
[09:31] {Threei} watching TASR for short on bounce
[09:31] {Threei} not available
[09:32] {Threei} 08:35am [SWKS] Price Target raised to $15 from $11 at Morgan Stanley; Maintains overweight rating
[09:32] {Threei} 11 looks worth a try long if gets hit
[09:34] {Threei} XIDE
[09:34] {Threei} small shares long off 18 support
[09:35] {Threei} get out here if you got it
[09:35] {magoo} missed..tried 06
[09:35] {Threei} didn't leave any time to think
[09:35] {magoo} nice read tho
[09:36] {magoo} RIMM interesting for bounce
[09:36] {Threei} nvtl
[09:37] {Threei} keeping an eye on it, not sure of a play yet
[09:37] {Threei} aggressive play would be 12.06 long
[09:38] {Threei} with .94 stop/invalidating level
[09:38] {magoo} in rimm l .23
[09:39] {dino} ma getting hit
[09:40] {magoo} stopped RIMM ouch
[09:41] {Threei} SWKS invaliadted
[09:42] {Threei} PAAS
[09:42] {Threei} .82 - .83 long
[09:42] {Threei} entry off pullback is usually better on this one
[09:42] {Threei} half lot
[09:43] {dino} feels heavy
[09:43] {Threei} first strength from here
[09:43] {dino} market i mean
[09:43] {magoo} in .50
[09:43] {Threei} stop under .40
[09:44] {Threei} lol
[09:44] {Threei} LEH
[09:44] {Threei} HEARING DEFENDED AT MERRILL LYNCH
[09:44] {dino} mer, hearing defended by leh next
[09:44] {Threei} yup
[09:45] {Threei} LEH phone call to MER: hey, I forgot whose turn to defend whom today
[09:45] {dino} bingo
[09:46] {esemde} good morning....
[09:46] {Threei} ese :)
[09:46] {dino} dino downgrading magoo
[09:47] {esemde} major sell...
[09:48] {dino} :)
[09:48] {Threei} AKAM half lot long
[09:48] {Threei} .50
[09:48] {Threei} stop .35
[09:51] {Threei} half out PAAS here
[09:53] {Threei} NQ nice uptick
[09:53] {Threei} come on AKAM
[09:54] {Threei} good boy
[09:56] {Threei} LANDENBURG MANAGING DIR: BELIEVES LEH WILL SURVIVE, BUT LACK PREVIOUS PROFITABILITY
[09:56] {Threei} LEH S&P AFFIRMS RATINGS AFTER CAPITAL RAISE
[09:57] {Threei} LEH HEARING DEFENDED AT CITIGROUP
[09:57] {Threei} they got more sophisticated
[09:57] {Threei} three of them now defend each other in circle fashion
[09:58] {esemde} longAMLN ..67 1/2 LOT
[10:00] {Threei} APRIL PENDING HOME SALES (M/M): 6.3% V -0.4%E
[10:01] {Threei} PAAS balance stopped
[10:02] {dino} ma l 288
[10:02] {dino} fast
[10:03] {Threei} nice AMLN ese
[10:04] {esemde} OUT AMLN .89
[10:04] {esemde} +.22
[10:04] {Threei} SQNM... maybe not done yet
[10:05] {Threei} .30 long, half lot, for adrenalin-deprived only
[10:07] {esemde} bstop long HANS 35.14
[10:08] {esemde} 35.46 FOR SWING TRADERS
[10:11] {esemde} tks vad didn't see your previous post
[10:14] {esemde} ouuu thought about CBRL
[10:14] {Threei} OFHEO: Q1 CAPITAL FOR FNM AND FRE 'ADEQUATE'
[10:16] {Threei} NVTL
[10:16] {Threei} if you got .06, half out here
[10:17] {Threei} AKAM, half out or take scalp
[10:17] {esemde} LONG HANS....pulled bstop went aggressive at .10
[10:18] {esemde} stop .95
[10:19] {esemde} kick it up a notch NDX!!!!
[10:19] {Threei} vague feeling that SQNM prepares surprize
[10:19] {esemde} what kind of surprise?
[10:20] {Threei} if holding around these levels, break of Fri high and explosive move
[10:20] {esemde} hmmmmmm
[10:22] {magoo} surprised AKAM didn't respond bvetter
[10:22] {Threei} yeah
[10:23] {Threei} worked but kind of lukewarm
[10:23] {magoo} because it can be explosive
[10:23] {esemde} was there news on SQNM..vad? got here abit late this morning
[10:23] {magoo} many times scalpers regrett on it
[10:24] {Threei} last week ese... news that led to that gap and continuation over a few days
[10:24] {esemde} NDX....what kind of move is that???
[10:24] {esemde} ok.....kind of remember that
[10:24] {dino} ma stopped .20 +.20
[10:25] {esemde} come on hans
[10:25] {esemde} ignore NDX
[10:25] {esemde} do your own thing.....fat chance
[10:27] {dino} f'ing ma hit my stop then runs a buck
[10:27] {esemde} i'm about to be stopped in HANS as well dino
[10:28] {esemde} gettin close
[10:28] {Threei} what's with SEAC?
[10:28] {dino} whippy
[10:28] {Threei} no news that I see
[10:28] {dino} nothing i see
[10:31] {Threei} look how well SQNM is supported
[10:31] {Threei} after such run, and close to high again
[10:31] {magoo} i just took some here
[10:31] {magoo} has the "feel" risky
[10:31] {judijim} gm traders
[10:31] {Threei} not sure about aggressive entry
[10:31] {Threei} but it's a matter of style
[10:31] {Chaeron} magoo does have "style" ... good morning all
[10:31] {Threei} in this case I'll prefer to wait for confirmation
[10:32] {magoo} half lot .08
[10:32] {Threei} chaeron :)
[10:32] {magoo} waiting .88 AKAM
[10:32] {Threei} greedy greedy
[10:32] {dino} midd
[10:32] {esemde} CCCCCHHHHHH!!!!!!!!
[10:32] {Chaeron} heya ese :)
[10:32] {Threei} SEAC, .46 long if holding above .35
[10:34] {magoo} morn CHINchar
[10:35] {Chaeron} hi magster
[10:35] {dino} aepi blood
[10:37] {magoo} out AKAM here .71 TY vad
[10:37] {Threei} welcome
[10:38] {magoo} mkts scarin me
[10:38] {Threei} CROX
[10:38] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:38] {Threei} - Nike rumored as buyer.
[10:38] {Threei} markets? it's nothing... I saw a robin yesterday, staring right me in the eyes - that was scary
[10:39] {Chaeron} spring finally make it up that way vAd?
[10:39] {magoo} old girlfriend??lol
[10:39] {magoo} {named robin}
[10:39] {Threei} lol
[10:39] {esemde} not really CH.....
[10:40] {esemde} coldest spring in a while
[10:40] {esemde} climate change ...who knows....
[10:40] {Threei} maybe I should stop watching Hitchcock 24/7
[10:41] {dino} midd sm l .78
[10:41] {Threei} is it my hallucination of SQNM is really getting ready
[10:41] {Threei} of = or
[10:41] {magoo} can 2 people be in same halluciation?
[10:41] {Threei} yes if they share what they smoke
[10:42] {esemde} DAAAAA!!!!!!!! hans stopped
[10:42] {magoo} cough cough...waaa
[10:42] {esemde} -.15
[10:42] {magoo} pass lighter vad
[10:42] {cosmo} ah..Hitchcock. Good archetype ya
[10:43] {Chaeron} still waiting for .30 on SQNM?
[10:43] {magoo} OY..
[10:43] {Threei} let me leave it to each trader to find his way to trade this one chaeron
[10:44] {Threei} it has no right way to trade it
[10:44] {Roman} 21 COIN
[10:44] {Threei} wow
[10:45] {Threei} what's with it
[10:45] {Roman} 21 just crazy
[10:45] {Threei} ah
[10:45] {Roman} 21 wants $7.5 but this market is crazier
[10:48] {Threei} OPEC'S AL BADRI: MEMBER COUNTRIES TO INVEST $160B FOR 5M BPD OUPUT INCREASE BY 2012 YEAR END
[10:48] {Threei} {USO}
[10:48] {Threei} timely exit AKAM mags
[10:49] {Roman} 21 magoo is either damn luck or good
[10:49] {Roman} 21 not sure which one
[10:49] {Roman} 21 long OMNI
[10:50] {Roman} 21 1/2 ....6.24,.25
[10:50] {magoo} lucky:)
[10:50] {Threei} DUK
[10:50] {Threei} LAUNCHES PLAN TO OWN AND OPERATE SOLAR POWER GENERATION AT UP TO 850 NORTH CAROLINA SITES
[10:52] {esemde} long HERO .10
[10:53] {esemde} AGRESSIVE ENTRY AGAIN
[10:53] {Roman} 21 long WRES
[10:53] {Roman} 21 small 14.40
[10:54] {Roman} 21 out 1/2 OMNI +.21
[10:55] {Chaeron} out OMNI + .17 Thanks a bunch Roman
[10:55] {Roman} 21 yw
[10:56] {Roman} 21 TXCO feel like a entry on pullback VAD?
[10:56] {Threei} pretty much
[10:56] {Threei} with .25 stop
[10:57] {Roman} 21 small
[10:58] {Roman} 21 i think it wants to rinse people under .25 tho before resuming higher
[10:59] {Roman} 21 LINE?
[11:00] {cosmo} 5 to 3 odds
[11:00] {dino} lol
[11:00] {Chaeron} good one cosmo..
[11:00] {cosmo} :)
[11:01] {dino} midd stop to .34\
[11:02] {dino} to .48
[11:04] {Threei} SBAC
[11:04] {Threei} .80 long if stays above .70
[11:04] {dino} to .58
[11:06] {Threei} SAUDI ARABIAN GOV: NOTES WILL CALL MEETING FOR PRODUCER AND CONSUMER COUNTRIES FOR OIL PRICE DISCUSSION
[11:06] {Threei} - Reiterates Oil Min comments that they believe that oil markets well supplied, and that fundamentals do not explain current oil price spike
[11:07] {Threei} I wish they all were saying oil goes to 300 and that's what fundamentals say
[11:07] {dino} out midd .63 +.85
[11:07] {Threei} then we would finally have a top
[11:08] {Threei} beautyful one dino
[11:08] {dino} ty
[11:09] {Threei} NCOC again
[11:09] {Threei} did you play this one last week Roman?
[11:09] {Threei} or I am hallucinating
[11:10] {Roman} 21 yes, i did
[11:11] {dino} safm l .25
[11:15] {magoo} sbac valid?
[11:18] {Threei} never lost .70
[11:20] {Threei} IRAN OIL EXEC: PLANS TO REDUCE THE OIL STORED ON TANKERS IN THE PERSIAN GULF, EXPECTS BACKLOG TO BE CLEARED BY MID SUMMER
[11:21] {cosmo} hmmm...
[11:21] {cosmo} and now a gult?
[11:23] {dino} cpla sm l .10
[11:24] {dino} one could only hope cos
[11:25] {Threei} SBAC over 1:1, half out
[11:25] {Threei} scalpers know what to do
[11:27] {dino} going to top soon, imo. lots of friends asking q's on oil futures latey
[11:27] {dino} usually a sign
[11:27] {cosmo} sigh...i ment 'glut'
[11:28] {Threei} cab driver/shoe shining boy indicator?
[11:28] {dino} yes
[11:28] {Threei} usually works like charm
[11:28] {Threei} ese, look dcc please
[11:30] {Threei} SBAC over 1:2
[11:30] {Threei} make up your mind to take profit or trail and ride
[11:33] {Threei} over 1:3
[11:33] {Threei} everyone's asleep?
[11:33] {magoo} not in
[11:33] {Threei} should I stop interrupting your rest with those pesky calls?
[11:33] {magoo} thought i was chasing it at .86..sigh
[11:33] {Threei} it pulled back right to exit
[11:33] {Threei} to entry sorry
[11:34] {Threei} gave second chance
[11:36] {magoo} how about here/
[11:36] {magoo} ?
[11:36] {magoo} KIDDING
06[11:36] * Threei slaps magoo around a bit with a large trout
[11:38] {Threei} NCOC
[11:38] {Threei} 8.15 worth a try
[11:38] {Threei} if that big offer gets taken
[11:38] {dino} cpla stop to .46
[11:39] {dino} out slipped cpla ave .44. +.34
[11:41] {Threei} stop under 8
[11:52] {Threei} trailing NCOC to 8.05
[11:53] {Threei} hitting 1:1
[11:53] {Threei} and over
[11:53] {fernp} out. thank you Vad
[11:53] {Threei} no, thank you
[11:54] {Threei} I decided if no one took this one either I'd remove myself to monastery
[11:54] {dptl} out .25 ty
[11:54] {Threei} whew
[11:54] {fernp} lol
[11:55] {dino} safm stopped .97 -.28
[11:58] {Threei} just how long is SQNM going to tease
[11:59] {magoo} maybe not in cards fior today
[12:00] {Chaeron} well, it's lunchtime and not once have I seen a carrot or boot or 2x4 outta you yet Vad...
[12:00] {Threei} holding so well... digesting the resistance...
[12:00] {Threei} really... something's wrong with me
[12:01] {Chaeron} you awake?
[12:01] {Threei} I never a,
[12:01] {Threei} am
[12:01] {Chaeron} ok, good good... that's normal
06[12:01] * Threei hangs a carrot at 13 for SQNM and kicks darn stock in the rear woth heavy duty steel-toed electrocharged army boots
[12:04] {esemde} gone for the day all...still hangin on to HERO..we'll se what happens by the end of the day
[12:04] {dino} ma feels like it want 275 before expiration
[12:04] {Threei} take care ese :)
[12:04] {Chaeron} bye ese
[12:04] {esemde} see ya CH....
[12:04] {dino} later es
[12:04] {esemde} dino
[12:05] {Threei} sbac
[12:05] {Threei} if pulls back to 34.80 will be interested into bounce
[12:06] {dino} alog wicked daily
[12:08] {Threei} wierdo
[12:08] {magoo} mktsselling here
[12:08] {Threei} those tails on daily spell troubles :)
[12:15] {Threei} SBAC long half lot
[12:16] {Threei} stop under .75
[12:21] {Threei} FED'S STERN: BEAR STEARNS RESCUE MAY HAVE SIGNIFICANT COST AS IT ENCOURAGES RISK TAKING - 2007 ANNUAL REPORT
[12:21] {Threei} really?
[12:21] {Threei} why is it that words "moral hazard" were on everyone lips but Feds
[12:23] {Threei} let's get cute and keep SBAC stop .79
[12:23] {Chaeron} now you're dreaming... look at this group... we'll never be "cute"
[12:24] {dino} speak for yourself
[12:24] {Threei} not only am I dreaming - I refuse to wake up
[12:24] {Threei} lol dino
[12:24] {Chaeron} lol
[12:33] {Threei} SBAC almost 1:1 for scalpers
[12:41] {dino} spsx
[12:45] {magoo} vad, if i may, where is entry on second try sbac?
[12:46] {Threei} second?
[12:46] {Threei} you mean if it pulls back from here?
[12:46] {magoo} i thought u reentererd?
[12:46] {Threei} yes, it was .85 - .86 at the moment
[12:47] {Threei} wow, what happened to QTWW?
[12:48] {Threei} no news that I see
[12:48] {Threei} bounce candidate
[12:48] {Threei} .17 entry, .09 stop
[12:50] {Chaeron} watching SQNM again
[12:52] {Chaeron} NCOC too
[12:52] {magoo} vad, u usually have a good feel...what your thoughts on state of market?
[12:52] {magoo} enbd of world or market resilent?
[12:52] {Threei} none really, very indecisive day so far
[12:53] {magoo} no i meant like overall
[12:53] {Threei} yes
[12:53] {Threei} really can't tell
[12:53] {dino} partial fill spsx s .15
[12:54] {dino} ok sm wide
[12:58] {dino} cov .50 spsx +.65
[13:00] {dino} hmm
[13:02] {Threei} out QTWW with scalp
[13:04] {Threei} no takers?
[13:05] {Threei} monastery... here I come
[13:06] {Threei} DOLLAR MAKES NEW HIGHS AGAINST THE EURO AND YEN POST PAULSON/ GEITHNER COMMENTS
[13:06] {Threei} - Sec. Paulson noted that he would never take currecny intervention or any other policy tool "off the table" with several wires attributing recent $ strength to this comment.
[13:06] {Threei} - Dealers note EUR/USD support around 1.5630 (post G7 pivot level). USD/JPY resistance at 106.70 (1-year downtrend line)
[13:08] {Threei} SQNM is very sneaky
[13:09] {dino} lodf
[13:10] {dino} lod con=ming for ndx
[13:10] {Threei} AAPL
[13:10] {Threei} JOBS: INTRODUCES NEW VERSION, SNOW LEOPARD
[13:11] {dino} wow, my typing is terrible today
[13:13] {Threei} I wish I could add "today" to the same line
06[13:15] * Threei slaps magoo around a bit with a large trout
06[13:15] * Threei slaps Chaeron around a bit with a large trout
06[13:16] * Threei slaps dptl around a bit with a large trout
[13:16] {Chaeron} }{
[13:17] {Threei} ok SQNM... are you ready?
[13:17] {Threei} or teasing again
[13:18] {Threei} {SQNM} I am ready
[13:19] {Chaeron} I'm out @.33 + 30
[13:19] {Threei} FED'S FISHER: GLOBAL DEMAND PRESSURES ARE PUSHING UP INFLATION, WEAKER DOLLAR COULD FEED BACK INTO PRICES - CNBC INTERVIEW
[13:19] {Threei} - Imperative to deal with new consumer demand for some time.
[13:19] {Threei} - Most concerned about inflation expectations, reiterates Treausry Secretary Paulson's comments with regards to intervention, noting that they never take anything "off the table," including currency intervention.
[13:19] {Threei} - Notes the best way to establish credibility is by anchoring inflation expecations. Controlling inflation is imperative for sustained growth.
[13:19] {Threei} - Time must be allowed for the Fed's liquidity actions to take effect. Borrowers should expect stronger oversight.
[13:19] {Threei} - It would be "disasterious" if the Fed monetized the US national debt.
[13:21] {Threei} poor LEH
[13:21] {Threei} no matter who is defending it, it just goes down the drain
[13:22] {Threei} half out SQNM
[13:22] {Chaeron} feeling foolish about that .33 exit on SQNM
[13:26] {Chaeron} ok, now it's just mocking me
[13:26] {Threei} told ya it had real potential
[13:26] {Chaeron} yeah... 13
[13:27] {Chaeron} just being conservative this week
[13:28] {Threei} do I hear 13?
[13:28] {Chaeron} there you go
[13:28] {magoo} 14
[13:28] {Chaeron} see? I know what I'm doing... just no faith in self :)
[13:28] {hawkfan4} pure beauty, thx vad
[13:28] {Threei} hawk :)
[13:29] {Threei} mags, taking off the table any??
[13:29] {Threei} be reasonable
[13:30] {magoo} trying
[13:30] {magoo} out
[13:30] {magoo} ty
[13:30] {Threei} welcome
[13:31] {magoo} very nice on your part
[13:31] {Chaeron} nice job all... ty Vad
[13:31] {Threei} play after play I was taking scalps, from 10 to 30 cents, but on this one told you from the get-go, it was not a scalp
[13:31] {Threei} when it has mojo, it has it
[13:31] {magoo} u said 13 from onset i believe
[13:32] {Threei} ok, now tell me... why did you skip cute little QTWW scalp
[13:32] {magoo} who?
[13:32] {Threei} you
[13:32] {magoo} i took .21
[13:33] {Threei} and you:
06[13:33] * Threei slaps Chaeron around a bit with a large trout
[13:33] {magoo} but canned it flat
[13:33] {Threei} you did?
[13:33] {magoo} yeah
[13:33] {magoo} no like
[13:33] {Threei} ok then
[13:34] {Threei} different take on play is fine... it's total ignore that puzzles me :)
[13:35] {magoo} well...i do have u on ignore as u know
[13:35] {magoo} wheres laser been?scarse lately
[13:35] {magoo} vaca vad?
[13:37] {Threei} yes but he does his best to pop up every day
[13:37] {Threei} which is commendable
[13:37] {Threei} no way I'd do that on my vacation
[13:37] {magoo} yeah..we know lol
[13:37] {Threei} when Alaska time comes, I'd better communicaate with orcas than with traders {G}
[13:42] {magoo} aapl bounce vad?
[13:42] {Threei} ECB'S TRICHET: CENTRAL BANKS COORDINATED 'VERY INTENSELY' FOR THE FINANCIAL MARKET TURMOIL, EUROZONE COMPANIES ARE AVOIDING ANY LARGE IMPACT FROM THE TURMOIL AT CURRENT
[13:42] {Threei} - Reiterates that there is a separation between the stance on monetary policy and money market actions when events are unexpected; market correction 'ongoing'
[13:42] {Threei} I wouldn't mags
[13:47] {magoo} now?
[13:48] {Threei} I don't feel it's worth the risk until trend changes
[13:48] {Threei} why jump on all this stuff?
[13:48] {Threei} haven't we found play after play today on obscure stocks?
[13:49] {Threei} with close to 100% hitting rate?
[13:49] {Threei} look at AAPL
[13:50] {Threei} 70 cents drop since I started typing this answer
[13:50] {Threei} I mean full buck
[13:50] {Threei} I mean buck and 30
[13:50] {Threei} I mean... OK, you got the idea
[13:51] {Threei} not every battle is worth fighting
[13:51] {magoo} yup
[13:52] {Threei} I am sure you would be hard pressed to find any room that would perform at such percentage today as we did
[13:52] {Threei} thatnks to what it happens?
[13:52] {Threei} extreme pickiness, risk adversity, chosing our battles carefully, taking safe plays only
[13:53] {Threei} worst case scenario, what size would have our stops been?
[13:53] {Threei} 10-15 cents?
[13:53] {Threei} let them fight AAPL today
[13:53] {Threei} or LEH
[13:54] {Threei} a lot of dead bodies will be scattered all over that battlefield
[13:54] {Threei} 4 bucks down since we started this dialog?? :)
[13:54] {Chaeron} wow... missed that short :)
[13:54] {magoo} bounce??
06[13:55] * Threei slaps Chaeron around a bit with a large trout
06[13:55] * Threei slaps magoo around a bit with a large trout
[13:55] {Chaeron} roflol
[13:55] {Threei} anyone else wants to trade AAPL today?
[13:55] {Threei} do I have a trout for ysa
[13:55] {Threei} ya
[13:57] {dino} ndx -5% from thursday
[14:13] {dptl} .
[14:14] {Threei} AAPL
[14:14] {Threei} INTRODUCES IPHONE 2.0 FIRMWARE, ADDITIONAL LANGUAGE, APPLICATION SUPPORT, IPHONE 2.0 TO BE AVAILABLE IN JULY
[14:14] {Threei} - Added MSFT office support
[14:14] {Threei} this news certainly deserves such selloff eh?
[14:14] {magoo} cramer was tellin people to sell
[14:15] {Threei} so they did, didn't they
[14:18] {magoo} he has post on site..sell 1/4 friday, 1/4 this morn..1/4 at close..hold 1/4 for tomorrow
[14:18] {magoo} seriously
[14:19] {dino} imo ndx support is 1940
[14:19] {Threei} so any reasonable one thinks why don't I simply sell it all today eh
[14:20] {dino} watching alog for bounce, quick mover
[14:23] {dino} ma hit 276, didn't think that would happen so quickly
[14:24] {fernp} MasterCard says Discover's damages claim is baseless - Bloomberg
[14:25] {magoo} peolpe follow him off a cliff vad...like we do with u here he he
06[14:25] * magoo slaps laserdave1 around a bit with a large trout
[14:25] {dino} lemmings
06[14:26] * Threei slaps laserdave1 around a bit with a large trout
06[14:27] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:27] * magoo slaps Raven around a bit with a large trout
[14:30] {dino} sm l vrtx .65
[14:32] {Threei} AAPL
[14:32] {Threei} INTRODUCES 3G IPHONE MODEL (AS EXPECTED)
[14:32] {Threei} what an utter and complete confusion
06[14:37] * Raven slaps dino around a bit with a large trout
[14:37] {dino} ouch
[14:37] {dino} what was that for?
[14:37] {Raven} 3 just to say hello
[14:38] {dino} hi
[14:38] {dino} is that so hard
[14:39] {Raven} 3 no, but magoo got me first sso I thought of you
[14:40] {magoo} huh??
[14:40] {dino} out vrtx .05 +.40
[14:40] {magoo} me too, ty dino
[14:40] {magoo} exact
[14:40] {dino} well, at least you're tinking
[14:40] {dino} thinking
[14:41] {dino} gj magoo, nobody paying attn to me today
[14:41] {dino} 4 for 5
[14:42] {magoo} i do NOT want to PAY with u..i want to earn with u
[14:42] {dino} rrgb blood burger
[14:43] {dino} ahhhh
[14:44] {magoo} fighting urge to gpo off on trout rampage
[14:46] {magoo} vad...AAPL 8 point reversallllllllllllllllllllllllll
[14:47] {Threei} kewl
[14:47] {Threei} too bad those who sold only 1/4 earlier won't be able to take advantage of that - they will take their time to recover from heart attack
[14:53] {magoo} now AAPL dives 4 POINTS
[14:55] {Threei} yup... I am so gkad I stay away
[14:55] {Chaeron} dang... missed that short again!!! :)
[14:55] {magoo} me TTTTTTTTTOOOOOOOOOOOOOO
[14:56] {Threei} you mean 6 points mags
[14:56] {Chaeron} dang!
[15:02] {Threei} SQNM tries to gain momentum again
[15:02] {magoo} so fast vad..i dunno what i mean
[15:02] {Threei} yeah, I gave up on guessing :)
[15:12] {Threei} anyone's adrenalid-deprived?
[15:12] {Chaeron} yeah.... falling asleep
[15:13] {Threei} SQNM, if chews through YBSS offer
[15:13] {Threei} UBSS
[15:13] {Threei} not sure it will work but will wake you up for sure
[15:16] {dino} alog sm l .50, jumpy
[15:19] {Threei} oil 134
[15:30] {dino} matk sm l .77
[15:33] {dino} out alog .90, +.40
[15:39] {dptl} have a good evening all....:)
[15:39] {dino} tighten matk stop to .67
[15:39] {magoo} c u dp:)
[15:39] {dino} cya dp
[15:39] {Threei} take care dp
[15:42] {dino} dji power
[15:42] {judijim} be back tomorrow, take care everyone
[15:42] {magoo} bye jj
[15:42] {dino} cya jj
[15:42] {dino} ma 292 wow
[15:42] {dino} matk stop to .83
[15:43] {Threei} bye jj
[15:44] {dino} out matk .83, +.06
[15:44] {dino} thats all for me
[15:45] {Threei} quite impressed with NASDAQ resilience
[15:45] {Threei} 30 points recovery
[15:52] {magoo} ty vad..nite all
[15:52] {Threei} thank you all
[15:52] {Threei} have a good evening, see you tomorrow
Friday, June 6, 2008
Jun 06 2008
Session Start: Fri Jun 06 00:53:37 2008
[08:30] {Threei} MAY UNEMPLOYMENT RATE: 5.5% V 5.1%E
[08:30] {Threei} MAY CHANGE IN NONFARM PAYROLLS: -49K V -60KE; CHANGE IN MANUFACTURING PAYROLLS: -26K V 46KE
[08:30] {Threei} - Prior Nonfarm Payrolls revised from - 20K to -28K
[08:30] {Threei} - Prior Manufacturing Payrolls revised from -46K to -49K
[08:31] {Threei} MAY AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS:33.7 V 33.7E
[08:37] {Threei} RUSSIA: IF GEORGIA WERE TO JOIN NATO, IT WOULD CAUSE A "VERY NEGATIVE SPIRAL"
[08:47] {Threei} FED'S KROSZNER SAYS CREDIT CONDITIONS ARE STILL TIGHT, BUT FINANCIAL MARKETS WILL RECOVER GRADUALLY
[08:47] {Threei} - Adds that finacial markets gennerally improved but risk premiums in markets remain wide
[09:01] {esemde} I' m here...I'm here...let the bells ring let the banners fly...I'm here!!!
[09:01] {Threei} good morning :)
[09:01] {esemde} morning
[09:02] {fernp} Good morning
[09:03] {esemde} fern
[09:03] {Threei} fern :)
[09:04] {magoo} msrfhkfhsfhskmfh
[09:04] {Threei} great... it's just 6 am here, and we already have to think?
[09:04] {esemde} NSM The company said sales rose +1.3% to $462 million in the period ended May 25 and that profit was 34 cents a share, exceeding analysts estimates of 26 cents a share
[09:05] {Threei} traded near 24.50 earlier, retreated into 24
[09:06] {Threei} IVAN The Terrible gapped a little
[09:06] {esemde} LEH rumors persist Vad....$5billion in new capitol maybe by next week
[09:07] {Threei} yeah, circulated yesterday, about borrowing from unnamed Asian institution
[09:07] {esemde} up 1.2% in european trading
[09:07] {Threei} spokeperson refused to comment
[09:07] {esemde} ya i remember that post
[09:08] {esemde} mags did well with that stock if I remember correct
[09:09] {esemde} ouuuuu up over 34 as well
[09:09] {Threei} he can't comment on that ese
[09:09] {Threei} his short termmemory is, ummm
[09:09] {esemde} pourquo???
[09:10] {Threei} he is likely to say "what's LEH?"
[09:10] {esemde} ahhhhhh
[09:11] {dptl} good morning all
[09:11] {esemde} dp
[09:11] {Threei} dp :)
[09:11] {Threei} looking through yesterday's heroes
[09:11] {Threei} VVUS no trades yet
[09:11] {Threei} SQNM slight gap down
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:12] {esemde} dino
[09:12] {Threei} QTWW slightly down
[09:12] {esemde} fouuuurrrrrr!!!!!!
[09:12] {dino} lol
[09:12] {dino} isph
[09:13] {Threei} ACOR no trades yet
[09:13] {esemde} now theres one i was watching a bit
[09:13] {magoo} were we looking at LEH yesterday?a short yesterday?
[09:14] {Threei} now, here is embodiment of short term memory: "what's LEH and who is magoo?"
[09:14] {Threei} no mags
[09:15] {esemde} you made money on that baby
[09:15] {Threei} we shorted it two days ago, then I said it's not BSC, let's back off shorting it
[09:15] {Threei} at least for now
[09:15] {magoo} ahhhhh/
[09:15] {Threei} overall, we had great week, let's remember it's Friday and cut down on aggresiveness
[09:15] {magoo} ahhhhh..and i played it ES?
[09:16] {magoo} how u remember such things so far back ES? he he
[09:17] {Threei} what just happened with oil?
[09:18] {Threei} ICAHN SENDS LETTER TO YAHOO BOARD; SAYS HE WILL SEEK A BID OF $33 OR MORE FROM MSFT
[09:18] {Threei} - reiterates his call for the Board to remove the severance plan
[09:18] {Threei} - says a Yahoo ad deal with Google should not prevent an acquisition by MSFT.
[09:19] {esemde} you played it right mags and I didn't....thats how I remember
[09:20] {magoo} there was a good lesson in that...once u enter a trade...if it doesn't hit your stop...stay with it..let it trade...the "noise" took u out ..if i recall..it was your trade..i just liked it
[09:24] {Threei} maybe this
[09:24] {Threei} http://www.ft.com/cms/s/0/ce864e1a-33b7-11dd-869b-0000779fd2ac.html?nclick_check=1
[09:24] {hawkfan4} oil up 6.50? ouch
[09:24] {Threei} yeah
[09:25] {hawkfan4} dust off them bikes
[09:25] {Threei} ocuh is the only thing I can think of
[09:25] {esemde} 6.50????? you've got to be kidding
[09:28] {Threei} let me reiterate
[09:28] {Threei} today is the day to be retsrained and conservative
[09:29] {magoo} scalpers friday boss
[09:29] {Threei} don't risk nice weekly gains to evaporate, this oil move coupled with weekend uncertainty is likely to produce quite messy moves
[09:29] {Threei} yes sir
[09:30] {Threei} see, a l,ot of people bet on oil topping out
[09:30] {Threei} remember we said a few days ago,
[09:30] {Threei} it's likely to be just a breather, then oil is to put another round of pressure
[09:31] {Threei} this is what's happening, and a lot of unwiding positions will kill the order in the markets
[09:31] {Threei} as panic usually does
[09:33] {dino} hmmm
[09:33] {Threei} SOLF
[09:34] {Threei} 22 break long half lot if stays above .85
[09:35] {esemde} long Solf
[09:35] {Threei} 1:1 faster than you can say mama
[09:35] {esemde} .03 1/2 lot
[09:35] {Threei} 1:2
[09:35] {Threei} I'll kleave it to you to decide where to take profit but if I were you...
[09:35] {esemde} out Solf .35
[09:35] {Threei} I would be soo out of it here
[09:35] {Threei} qwtg
[09:36] {Threei} nice way to start the day with easy money
[09:36] {esemde} +.32 Thanks you Vad
[09:36] {Threei} trade took all of 1 minute
[09:36] {esemde} wow....
[09:36] {Threei} ROYL
[09:36] {dino} gj
[09:36] {Threei} ummm
[09:36] {Threei} want some pullback on it
[09:36] {Threei} closer to 9.50
[09:37] {Threei} half lot as well, volatile animal
[09:38] {Threei} if ROYL doesn't give us an entry and just continues going, consider playing OMNI as ROYL's symapthy
[09:38] {Threei} it lags a bit but likely to catch up with it
[09:38] {dino} jaso sm l .50
[09:40] {Threei} unplayable moves by ROYL
[09:40] {dino} out jaso .90, +.40
[09:40] {Threei} wtg
[09:41] {Threei} if SOLF and JASO{ why not CSUN
[09:41] {dino} my thinking
[09:41] {Threei} let's try 12 break if stays abive 11.90
[09:41] {Threei} needless to say, half lot
[09:42] {Threei} I am on ultraconservative side today
[09:42] {magoo} in .04
[09:42] {Threei} stop under 11.90
[09:42] {dino} stld spike
[09:42] {Threei} let's keep it tight, even at risk being shaken out
[09:43] {dino} i may be wrong, but i feel this oil spike is going to fade hard today
[09:43] {Threei} lord, I hope youi are right
[09:43] {dino} finally he calls me lord, :)
[09:44] {Threei} lord, I hope youi are righthehe
[09:44] {Threei} don't know if anyone found guts to try ROYL but if you did - stop under .30, and don't oversit it
[09:44] {dino} v sm risky s oyog .00
[09:45] {Threei} WHITE HOUSE: MAY JOBLESS NUMBER IS TOO HIGH FOR OUR LIKING, BUT DOES NOT REPRESENT RECESSION - SPOKESPERSON
[09:45] {Threei} - The jobs number is in line with a slowing economy.
[09:46] {Threei} if this offer at .08 is taken, CSUIN should post nice spike
[09:46] {Threei} there
[09:46] {Threei} now spike, will ya
[09:47] {dino} oyog stopped -.30
[09:47] {Threei} .15 day high to take and scrrrrrollll
[09:49] {Threei} scxalpers trail CSUN stop to .95
[09:50] {Threei} sane traders keep it under .90 still
[09:50] {Threei} SOLF new high
[09:50] {Threei} wake up CSUN
[09:50] {Threei} your turn
[09:52] {esemde} Solf move by SOLF thats for sure
[09:52] {esemde} thats "nice Move"
06[09:54] * Threei kicks CSUN in the rear with heavy duty army boots
[09:54] {Threei} stop taking your sweet time, get off that couch and go
[09:55] {Threei} I really couldn't find guts to call SQNM again, lol
[09:56] {magoo} look at LEH chgart
[09:57] {Threei} I don't want to
[09:57] {Threei} RCH
[09:57] {Threei} 10 break half lot
[09:58] {Threei} stop under 9.90
[09:58] {Threei} 9.80 is safer level for a stop but again...
[09:58] {magoo} in 05
[09:58] {Threei} don't chase if missed close to 10
[09:58] {Threei} it gives quite hard pullbacks
[09:59] {Threei} if you chase, they maybe impossible to stomach
[09:59] {Threei} fiiiinally CSUN
[09:59] {magoo} csun needed to finish its coffee first
[10:00] {dino} here comes -200
[10:00] {Threei} scalpers have their 1:1 and more
[10:01] {dino} 12342 target
[10:01] {Threei} again... I weill leave it to you to decide on profit taking, I am going to keep you from pure scalps today only when I feel very strongly about something
[10:01] {dino} oih fast fall
[10:02] {dino} watching nyx cme, ma
[10:11] {magoo} any bounce in SOLF CSIQ vad?
[10:12] {Threei} sure there is, I just don't have any realiable read on it
[10:13] {dino} nyx sm l .99
[10:15] {Threei} CHINESE PRESS REPORTS 'POWERFUL' EARTHQUAKE IN EAST TIMOR
[10:15] {Threei} you still in RCH magoo?
[10:15] {magoo} yeah
[10:15] {magoo} csun too
[10:17] {magoo} was waiting csun .43
[10:18] {magoo} same area rch
[10:23] {dino} chtt
[10:23] {dino} beav
[10:25] {dino} sm l beav .80
[10:26] {Threei} IVAN
[10:26] {Threei} TO RAISE C$50M IN FUNDS THROUGH SPECIAL WARRANTS PRIVATE PLACEMENT
[10:26] {Threei} - The funds to be raised will be used by the Company to make the initial payment of Cdn.$30M required under the Company's agreement with Talisman Energy Canada to acquire Talisman's interests in three leases in the Athabasca oil sands region in the Province of Alberta, Canada, which was announced on May 29, 2008, and for working capital purposes
[10:28] {judijim} gm all
[10:28] {Threei} jj :)
[10:29] {dino} beav stopped -.38
[10:29] {Threei} LEH short scalp, fuzzy entry somewhat
[10:29] {Chaeron} hi everybody
[10:29] {Threei} as close to 34 as you can get, stop 34.10
[10:29] {Threei} chaeron :)
[10:32] {Threei} RCH looking good for you magoo
[10:34] {dino} ugh beav
[10:34] {magoo} is it related to quakes?
[10:35] {Threei} well, it's construction company
[10:35] {Threei} maybe
[10:37] {dino} steels rocking
[10:37] {dino} well cenx at least
[10:39] {Roman} 21 RCH +5.3% (profiled in Inside Wall Street section of Business Week)
[10:39] {Roman} 21 earlier this morning
[10:40] {dino} safm
[10:41] {Threei} hit your exit area
[10:41] {Threei} magoo?
[10:43] {magoo} trying .41
[10:43] {magoo} out ty
[10:43] {Threei} welcome
[10:44] {Threei} for adrenalin-deprived:
[10:44] {Threei} SQNM long .95 if stays above .75
[10:45] {esemde} ugly ugly day......hardly anything to look at..
[10:45] {Threei} come on... didn't we get 3 winners yet??
[10:45] {Threei} 4
[10:45] {Threei} forgot SOLF
[10:46] {esemde} true....slim pickens
[10:46] {Threei} how many do you need for 1 hour of Friday trading, lol
[10:46] {Threei} what's with expectations {G}
[10:47] {Threei} and I don't count LEH short since entry was way too discretionary
[10:47] {Threei} that one worked too
[10:48] {esemde} referring to my screens mostly...hardly anything showing
[10:49] {Threei} well, remember the joke about potential immigrant asking for another globe to find where he wants to go...
[10:49] {dino} nue vsm l .15
[10:50] {magoo} no..huh?
[10:51] {esemde} no....
[10:51] {Threei} your guys short term memory is way too short, lol
[10:51] {Threei} haven't found any suitable country on the globe, so he asked for another globe
[10:52] {dino} i remember
[10:52] {dino} kgb right
[10:52] {Threei} yes sir
[10:52] {dptl} lol
[10:52] {esemde} ha ha....
[10:53] {Threei} now, don't ask me what the connection to ese's reference to his screens not moving is... under the threat of being trouted
[10:53] {peterg} at stage in trading as in helicopter pilot training: death grip on controls.
[10:53] {Threei} make it fun peter
[10:54] {peterg} good plan!
[10:54] {Threei} keep shares so small for starters that it can't hurt
[10:54] {peterg} still greedy, working on that]
[10:54] {Threei} go once again over MPP, Practical Trading chapter
[10:54] {Threei} and follow the procedure to the letter
[10:54] {peterg} Roger that
[10:55] {Threei} trading should be fun, otherwise why bother
[10:56] {peterg} that's what my therapist said about life before he killed himself (joke)
[10:56] {magoo} uh..to earn a living duh
[10:56] {Threei} lol peter
[10:56] {Threei} not really mags
[10:56] {Chaeron} Vad gives all his to the nice Nigerian ppl that email him
[10:56] {Threei} I have never seen a trader who would be consistently profitable while trading with white lips and blue knuckles
[10:57] {Threei} don't see it as money making vs fun
[10:57] {Threei} they go hand in hand
[10:57] {Threei} when you get it right, it's highly enjoyable process
[10:57] {Threei} ummm... is it blue lips and white knuckles?
[10:58] {peterg} That I believe--all muscles tense. More vodka!
[10:58] {Threei} lol
[10:58] {dino} have some fun, don't try too hard
[10:58] {dino} safm sm l .165
[10:58] {peterg} OK tks, off for two hours on day job, then back.
[10:58] {dino} .15
[11:03] {dino} cpla good drop, thin
[11:03] {Threei} bunwalla, rodnewy... feel free to chime in with comments or questions if you got any.... for some reason trialers lately doubt if they have right of speech
[11:06] {dino} oh sorry, i told them no talking
[11:06] {_bunwalla} thnks. just trying to get a feel before i chime in...
[11:06] {dino} 12342
[11:07] {Threei} :)
[11:07] {Threei} Friday is not the best day to get a feel...
[11:07] {Threei} but then again, I have an excuse for every day, lol
[11:07] {Threei} Monday is hangover day
[11:09] {Chaeron} we're flat right?
[11:09] {Threei} right now, yes
[11:09] {Threei} SQNM never triggered and got invalidated
[11:09] {Chaeron} whew... thanks
[11:09] {magoo} what u call me?...fat?
[11:09] {Chaeron} oink
[11:10] {Threei} here is my favorite illustration to Monday:
[11:10] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:11] {dptl} roflol
[11:16] {dino} -2% +/- ndx, dji
[11:16] {dino} getting a bit extreme
[11:21] {dino} beav l sm .65
[11:29] {Threei} remember PEIX short from a while ago?
[11:30] {Threei} getting tempted again
[11:30] {Threei} just hate that it's so narrow
[11:30] {Threei} unlikely to give something significant within one day
[11:31] {Chaeron} not shortable
[11:31] {Chaeron} here at least
[11:31] {Threei} argh
[11:31] {Threei} used to be
[11:31] {dino} tough to short w/markets down 2%+, imo, odds go lond
[11:31] {Threei} oh well
[11:31] {Threei} PEIX is in its own universe... doesn't really relate to market
[11:32] {dino} you are the master
[11:34] {magoo} jesus christ..itsd the end of days
[11:34] {magoo} never bounce ever again
[11:36] {dino} rally
[11:37] {Threei} BRCM
[11:37] {Threei} .08 long for a scalp
[11:38] {Threei} if stays above 28
[11:40] {dptl} l .09
[11:40] {dino} rate blood
[11:41] {Chaeron} in BRCM @ .09 too dp
[11:41] {Threei} interesting chart EVVV
[11:42] {Threei} .31 two day's break
[11:42] {Threei} slooooow
[11:43] {esemde} have to be off see you all monday....Vad if you get a chance pop by the Oak Bay Tea Party 2:00pm....for my Rhythm and Blues Band
[11:43] {Threei} where is it ese?
[11:43] {dino} later es
[11:43] {Threei} oak bay ave?
[11:43] {esemde} Willows Beach....
[11:43] {Threei} ah
[11:43] {Threei} will try :)
[11:43] {esemde} Beach Drive
[11:43] {Threei} I know :)
[11:43] {esemde} see ya
[11:43] {Threei} stopped BRCM
[11:44] {Chaeron} yep - me too... -.12
[11:45] {dino} bmti
[11:46] {fernp} VLNC around the $3.50
[11:47] {Threei} shakeout BRCM
[11:47] {Threei} oh well
[11:53] {dino} cpla sm l .30
[12:02] {Threei} YHOO
[12:02] {Threei} ISSUES STATEMENT ON ICAHN LETTER
[12:02] {Threei} - Leaving aside Mr. Icahn's inaccurate interpretation of our retention plan, we again note that he has no credible plan to operate Yahoo!.
[12:02] {Threei} - We believe that Mr. Icahn's suggestion that we cancel our retention plan would have a destabilizing impact on Yahoo! and would clearly not be in the best interests of our shareholders.
[12:02] {Threei} - Furthermore, his suggestion that we put out a price publicly to see if Microsoft will alter its stated position is ill-advised. As we have stated numerous times publicly and privately, we are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders.
[12:02] {Threei} neverending saga
[12:10] {Chaeron} RIMM ?
[12:11] {Threei} looks to go if market does... .50 closest support, if can get it close to it worth a try
[12:16] {magoo} AAPL was stronger..same..moves with mkt
[12:19] {Threei} beautiful bounce right off .50
[12:19] {Threei} clean scalping footwork
[12:26] {dino} safm stop to b/e
[12:29] {dino} safm stop +.01
[12:29] {dino} .06 i mean
[12:39] {dino} amln
[12:44] {dino} damn safm too tight
[12:58] {Threei} yawn
[13:01] {Threei} why didn't I trust PARL
[13:02] {Threei} watching if pullback shows entry
[13:06] {dino} cpla to .40 mkt sucks
[13:07] {magoo} this mkt is severely damaged
[13:08] {Threei} oil highs do it I'd think
[13:08] {dino} cpla stopped ave .35, +.05
[13:08] {Threei} CRUDE OIL FUTURES HIT RECORD HIGH AGAIN, $135.49
[13:09] {patience} i love my electric scooter
[13:09] {Threei} no kidding
[13:10] {Threei} my 21-gallon tank feels like bottomless abyss now when I fill it up, lol
[13:10] {hawkfan4} 136
[13:13] {Chaeron} parl?
[13:13] {Threei} hard to tell if break is worth the risk
[13:13] {Threei} level 2 is so thin
[13:14] {Chaeron} thanks
[13:14] {Threei} see these bids with no support?
[13:14] {Chaeron} yes
[13:14] {Threei} would be of less concern if there was a clear momo
[13:15] {Threei} but as it is, it can drop 30 cents in one gasp
[13:15] {Chaeron} no thank you
[13:18] {Threei} I don't think we've ever had such one-day spike in oil
[13:19] {Chaeron} "If Iran continues its nuclear weapons programme, we will attack it," said Shaul Mofaz, who is also transportation minister.
[13:19] {Threei} yeah
[13:19] {Chaeron} Israeli Transportation Minister
[13:20] {Threei} that's what I linked earlier as probable explanation
[13:20] {Threei} here is the thought that I hate:
[13:20] {Chaeron} geesh... what the heck is the DEFENSE Minister saying then?
[13:20] {Threei} follow this logic:
[13:21] {Threei} Israel is not very keen on idea of Obama becoming president,
[13:21] {Chaeron} oh wait... this guy is up for Defene Minister... that's right...
[13:22] {Threei} in order to support McCain, creating feel of imminent threat to security is plausible way to go
[13:22] {Threei} racthing up the rhetorics and tension, while playing in this direction, at the same time pushes oil higher
[13:22] {dino} y
[13:22] {Chaeron} no no... that's ok... we'll reason with them... diplomacy first always works
[13:23] {dino} yeah, right, diplomacy in the muslim world, heck they don't even let their women go to school
[13:23] {Threei} and btw, it's not really strange that transportation ministry makes these comments
[13:24] {Threei} for one thing, it creates deniability for those who are responsible for ultimate desicion,
[13:24] {Threei} and for another, Israel's govt is militarized enough for any potrfolio to be involved
[13:25] {dino} sooner or later it will happen
[13:25] {dino} most likely sooner
[13:26] {Threei} so... who can cause us more harm, our foes or our friends? {G}
[13:27] {Threei} since there are no friends in politics, there are interests only... would it be impossible to see Israel's action causing even more pain at the pump?
[13:27] {Threei} Chaeron... have a look at PARL
[13:28] {Chaeron} gasp
[13:28] {Chaeron} :)
[13:28] {Chaeron} thanks
[13:29] {dino} beav stopped -.38
[13:38] {dino} ,midd sm l .00
[13:42] {Threei} FED'S BULLARD: SLOW GROWTH IS NO JUSTIFICATION TO CUT RATES AGAIN, THE LAST CUSTS WERE PREEMPTIVE, NOW IS THE TIME FOR PATIENCE
[13:42] {Threei} - Inflation expecations are fragile, risking breakdown. Forecasts for headline CPI above 3% are disturbing, wants to see inflation between 0.5-1.5%.
[13:42] {Threei} - Calls for action to control inflation expectations, sees the Fed's key job as inflation control. Fed rate policy will shortly turn to inflation control.
[13:42] {Threei} - Housing has been extraordinarily weak, but housing prices may be close to fair value today.
[13:42] {Threei} - Remains too early to say whether the market turmoil has ended, but Fed lending facilities have helped ease the strain.
[13:42] {Chaeron} did the fed just ask for Patience's help out of this mess? :)
[13:43] {Threei} they sure did
[13:46] {Threei} look at USO daily
[13:46] {Threei} this bar today,
[13:46] {Threei} it's either island bar or breakaway gap
[13:46] {Threei} Now, who would have thoufght this boring geeky matter is one defining the future of the country
[13:47] {Chaeron} I'm wishing I was at an island bar about now.......
[13:47] {Threei} lol
[13:47] {Threei} I'd join you
[13:47] {Chaeron} I'll buy
[13:48] {Threei} second round is on me then
[13:48] {Chaeron} done
[13:48] {Threei} Island is not in the plans for nearest future though, planning Alaska cruise instead
[13:50] {dino} you'll love it vad, 2 years ago i did the alaska cruise/tour package awesome
[13:50] {dino} princess
[13:51] {dino} amln sm l .00
[13:51] {Threei} serenade of the sea here
[13:52] {Threei} carribean line
[13:53] {Threei} when we have a few min next week, tell me which tours you took?
[13:53] {dino} i'd like to go again
[13:54] {dino} ok
[13:54] {Threei} AMAZON.COM HOME PAGE IS CURRENTLY DOWN; SITE ONLY SAYS "SERVICE UNAVAILABLE"
[13:54] {Threei} what kind of news headline is that
[13:55] {dino} mdco
[13:58] {Threei} OK PARL
[13:58] {Threei} if it intends to bounce at all, it has to be from here
[13:58] {Threei} stop under .80
[13:58] {_rant} crazy day
[13:58] {_rant} feels too late to short
[13:58] {_rant} and not too early to go long
[13:59] {_rant} fmcn ?
[14:03] {Threei} shirt if anything
[14:03] {Threei} on .50 break
[14:03] {Threei} short that was
[14:04] {_rant} market seems to be done selling
[14:05] {Threei} if loses 2010, will pick up new round of weakness
[14:05] {_rant} i m confused abt TSL
[14:05] {_rant} oil is up..and TSL is down 8.5%
[14:07] {Threei} gave nice report this morning too
[14:07] {_rant} ya
[14:07] {Threei} just shows you how much conventional logic applies to market
[14:07] {_rant} but fslr is green
[14:07] {_rant} weird
[14:08] {Threei} why SOLF, JASO, CSUN are red with this oil move?
[14:08] {_rant} true..but not as bad as TSL
[14:08] {Threei} no relation stays the same in the market... it works for a while, then it changes
[14:09] {Threei} they all used to move in unison with oil
[14:09] {dino} itmn
[14:09] {Threei} go with patterns, forget conventional logic
[14:09] {Threei} it never worked in markets
[14:10] {_rant} ya
[14:10] {_rant} makes ur head go crazy
[14:10] {Threei} short periods of time when it seems to be working are just to lure in those who can't live without logic
[14:10] {Threei} noty really
[14:10] {Threei} just different way of thinking
[14:10] {Threei} it's simple really:
[14:10] {_rant} when its a 300 pt down day
[14:11] {_rant} should u trade more longs or shorts ?
[14:11] {Threei} everyone on Earth understands concept of "good news - up, bad news - down"
[14:11] {Threei} thus, it can't work like this in market
[14:11] {Threei} because if everyone is right, who is losing then?
[14:11] {_rant} true
[14:11] {Threei} and if no one losing, who those who are right take money from?
[14:12] {Threei} see how FMCN flushed down again?
[14:13] {_rant} ya
[14:13] {_rant} WB ?
[14:13] {_rant} 20 holding out
[14:14] {_rant} vad, what should u be doin on 300 pt down days ?? play on the long side or short side more ?
[14:19] {Threei} you assume all 300 pt down days are the same
[14:19] {Threei} there are no single rule for that
[14:20] {Threei} here is one question that will show the difference:
[14:20] {Threei} how is -300 reached, in sharp verticla selling or by slow gradual ordrly slide?
[14:20] {Threei} obviously those are going to be very different cases, right?
[14:20] {_rant} yah
[14:20] {_rant} this seems gradual selling
[14:21] {_rant} stop losses triggering it more and more
[14:21] {Threei} pretty much
[14:22] {_rant} i will play the spectator today
[14:30] {dino} c'mon, get your hands dirty
[14:30] {_rant} scalped WB
[14:30] {dino} :)
[14:31] {_rant} compulsive :)
[14:39] {Threei} oil closed 139?
[14:39] {Chaeron} *sigh*
[14:40] {fernp} I have to go out. Have a great weekend all.
[14:40] {Threei} take care fern, have a great one
[14:40] {_rant} 139
[14:40] {_rant} wow
[14:40] {magoo} bye femp:)
[14:40] {_rant} brutal
[14:41] {dino} cya fern
[14:50] {dino} out nue .22 +.07
[14:54] {Chaeron} where's Lake Louise? how far from Vancouver?
[14:55] {Threei} Canadian rockies
[14:56] {Threei} within one day of driving
[14:56] {_rant} beav anyone
[14:56] {Chaeron} one day? heck... looking at Cathedral Mountain Lodge.... http://www.cathedralmountain.com/
[14:57] {Threei} not a full day... but closer city would be Calgary
[14:57] {Chaeron} oh ok
[14:57] {Chaeron} incredibly beautiful
[14:57] {Threei} oh yeah
[14:58] {Threei} and Moraine lake is even more picturesque
[14:58] {Threei} short drive from Lake Louise
[14:59] {dino} beav stopped me twice today, done w/it
[15:02] {peterg} Beginning to have fun, gun to head making paper trades!
[15:03] {Threei} :)
[15:07] {peterg} CALM?
[15:08] {magoo} c'mon boyz..buy into bell
[15:08] {Threei} boyz are skeered
[15:09] {Threei} CALM may be worth a try if retreats to 33
[15:09] {magoo} i shoulda asked earlier:)
[15:10] {Threei} can you really blame them
[15:10] {Threei} what power you have mags
[15:11] {Threei} may I ask you to demand lower oil?
[15:11] {dino} v magoo all powerful +60 points
[15:11] {Threei} please?
[15:11] {_rant} wow..beav is breakin up
[15:12] {dino} rant if you were sitting in the next office i'd throw something at you for bringing up beav
[15:12] {_rant} :)
[15:12] {dino} so instead i'll throw something at magoo
[15:12] {_rant} not getting greed now
[15:12] {_rant} will exit
[15:12] {magoo} ouch
[15:13] {dino} gj
[15:15] {_rant} fmcn is stuck at 31.50
[15:17] {magoo} c'mon boyz..don't stop now
[15:18] {_rant} few shorts covered
[15:18] {_rant} thts pretty much it
[15:18] {_rant} now back down
[15:20] {Threei} out yourself in boyz shoes
[15:21] {Threei} do you want to carry any position into weekend with what we had today?
[15:30] {dino} stopped amln -.06 at .94
[15:30] {dino} tighten midd stop to .08
[15:31] {Threei} is SQNM worth the risk or not
[15:31] {Threei} that is the question
[15:31] {Threei} IMO, hardly
[15:31] {Threei} not a good time for momo plays
[15:31] {Threei} and SQNM's momo is dying
[15:31] {dino} out midd .07, +.07
[15:38] {Threei} peter
[15:38] {Threei} nice find CALM
[15:38] {Threei} way to go
[15:39] {Threei} NIGERIAN OIL MIN: OPEC CAN INCREASE PRODUCTION IF NECESSARY
[15:39] {Threei} woohoo
[15:39] {Chaeron} wa that in an email to them? :)
[15:39] {Chaeron} asking for money?
[15:39] {Threei} lol
[15:41] {dino} risky sm ma l 296
[15:44] {peterg} Made .07 in CSCO so as not to feel defeated.
[15:46] {dino} gj
[15:50] {dino} out ma flat
[15:51] {dptl} have a good weekend all....:)
[15:51] {Threei} take care dp
[15:52] {dino} u2
[15:52] {Threei} lows again
[15:53] {Threei} boyz are dumping
[15:54] {magoo} they dissappoint
[15:54] {Threei} OK guys, thank you all
[15:55] {Threei} let's have a great relaxing weekend
[15:55] {magoo} ty vad
[15:55] {Threei} see you all on Monday
[15:55] {peterg} tks & by all
[15:56] {_rant} it will be interesting monday
[15:56] {_rant} 390 pts down
[15:56] {_rant} wow
[15:59] {_rant} some kind of record ? 405 pts
[08:30] {Threei} MAY UNEMPLOYMENT RATE: 5.5% V 5.1%E
[08:30] {Threei} MAY CHANGE IN NONFARM PAYROLLS: -49K V -60KE; CHANGE IN MANUFACTURING PAYROLLS: -26K V 46KE
[08:30] {Threei} - Prior Nonfarm Payrolls revised from - 20K to -28K
[08:30] {Threei} - Prior Manufacturing Payrolls revised from -46K to -49K
[08:31] {Threei} MAY AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS:33.7 V 33.7E
[08:37] {Threei} RUSSIA: IF GEORGIA WERE TO JOIN NATO, IT WOULD CAUSE A "VERY NEGATIVE SPIRAL"
[08:47] {Threei} FED'S KROSZNER SAYS CREDIT CONDITIONS ARE STILL TIGHT, BUT FINANCIAL MARKETS WILL RECOVER GRADUALLY
[08:47] {Threei} - Adds that finacial markets gennerally improved but risk premiums in markets remain wide
[09:01] {esemde} I' m here...I'm here...let the bells ring let the banners fly...I'm here!!!
[09:01] {Threei} good morning :)
[09:01] {esemde} morning
[09:02] {fernp} Good morning
[09:03] {esemde} fern
[09:03] {Threei} fern :)
[09:04] {magoo} msrfhkfhsfhskmfh
[09:04] {Threei} great... it's just 6 am here, and we already have to think?
[09:04] {esemde} NSM The company said sales rose +1.3% to $462 million in the period ended May 25 and that profit was 34 cents a share, exceeding analysts estimates of 26 cents a share
[09:05] {Threei} traded near 24.50 earlier, retreated into 24
[09:06] {Threei} IVAN The Terrible gapped a little
[09:06] {esemde} LEH rumors persist Vad....$5billion in new capitol maybe by next week
[09:07] {Threei} yeah, circulated yesterday, about borrowing from unnamed Asian institution
[09:07] {esemde} up 1.2% in european trading
[09:07] {Threei} spokeperson refused to comment
[09:07] {esemde} ya i remember that post
[09:08] {esemde} mags did well with that stock if I remember correct
[09:09] {esemde} ouuuuu up over 34 as well
[09:09] {Threei} he can't comment on that ese
[09:09] {Threei} his short termmemory is, ummm
[09:09] {esemde} pourquo???
[09:10] {Threei} he is likely to say "what's LEH?"
[09:10] {esemde} ahhhhhh
[09:11] {dptl} good morning all
[09:11] {esemde} dp
[09:11] {Threei} dp :)
[09:11] {Threei} looking through yesterday's heroes
[09:11] {Threei} VVUS no trades yet
[09:11] {Threei} SQNM slight gap down
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:12] {esemde} dino
[09:12] {Threei} QTWW slightly down
[09:12] {esemde} fouuuurrrrrr!!!!!!
[09:12] {dino} lol
[09:12] {dino} isph
[09:13] {Threei} ACOR no trades yet
[09:13] {esemde} now theres one i was watching a bit
[09:13] {magoo} were we looking at LEH yesterday?a short yesterday?
[09:14] {Threei} now, here is embodiment of short term memory: "what's LEH and who is magoo?"
[09:14] {Threei} no mags
[09:15] {esemde} you made money on that baby
[09:15] {Threei} we shorted it two days ago, then I said it's not BSC, let's back off shorting it
[09:15] {Threei} at least for now
[09:15] {magoo} ahhhhh/
[09:15] {Threei} overall, we had great week, let's remember it's Friday and cut down on aggresiveness
[09:15] {magoo} ahhhhh..and i played it ES?
[09:16] {magoo} how u remember such things so far back ES? he he
[09:17] {Threei} what just happened with oil?
[09:18] {Threei} ICAHN SENDS LETTER TO YAHOO BOARD; SAYS HE WILL SEEK A BID OF $33 OR MORE FROM MSFT
[09:18] {Threei} - reiterates his call for the Board to remove the severance plan
[09:18] {Threei} - says a Yahoo ad deal with Google should not prevent an acquisition by MSFT.
[09:19] {esemde} you played it right mags and I didn't....thats how I remember
[09:20] {magoo} there was a good lesson in that...once u enter a trade...if it doesn't hit your stop...stay with it..let it trade...the "noise" took u out ..if i recall..it was your trade..i just liked it
[09:24] {Threei} maybe this
[09:24] {Threei} http://www.ft.com/cms/s/0/ce864e1a-33b7-11dd-869b-0000779fd2ac.html?nclick_check=1
[09:24] {hawkfan4} oil up 6.50? ouch
[09:24] {Threei} yeah
[09:25] {hawkfan4} dust off them bikes
[09:25] {Threei} ocuh is the only thing I can think of
[09:25] {esemde} 6.50????? you've got to be kidding
[09:28] {Threei} let me reiterate
[09:28] {Threei} today is the day to be retsrained and conservative
[09:29] {magoo} scalpers friday boss
[09:29] {Threei} don't risk nice weekly gains to evaporate, this oil move coupled with weekend uncertainty is likely to produce quite messy moves
[09:29] {Threei} yes sir
[09:30] {Threei} see, a l,ot of people bet on oil topping out
[09:30] {Threei} remember we said a few days ago,
[09:30] {Threei} it's likely to be just a breather, then oil is to put another round of pressure
[09:31] {Threei} this is what's happening, and a lot of unwiding positions will kill the order in the markets
[09:31] {Threei} as panic usually does
[09:33] {dino} hmmm
[09:33] {Threei} SOLF
[09:34] {Threei} 22 break long half lot if stays above .85
[09:35] {esemde} long Solf
[09:35] {Threei} 1:1 faster than you can say mama
[09:35] {esemde} .03 1/2 lot
[09:35] {Threei} 1:2
[09:35] {Threei} I'll kleave it to you to decide where to take profit but if I were you...
[09:35] {esemde} out Solf .35
[09:35] {Threei} I would be soo out of it here
[09:35] {Threei} qwtg
[09:36] {Threei} nice way to start the day with easy money
[09:36] {esemde} +.32 Thanks you Vad
[09:36] {Threei} trade took all of 1 minute
[09:36] {esemde} wow....
[09:36] {Threei} ROYL
[09:36] {dino} gj
[09:36] {Threei} ummm
[09:36] {Threei} want some pullback on it
[09:36] {Threei} closer to 9.50
[09:37] {Threei} half lot as well, volatile animal
[09:38] {Threei} if ROYL doesn't give us an entry and just continues going, consider playing OMNI as ROYL's symapthy
[09:38] {Threei} it lags a bit but likely to catch up with it
[09:38] {dino} jaso sm l .50
[09:40] {Threei} unplayable moves by ROYL
[09:40] {dino} out jaso .90, +.40
[09:40] {Threei} wtg
[09:41] {Threei} if SOLF and JASO{ why not CSUN
[09:41] {dino} my thinking
[09:41] {Threei} let's try 12 break if stays abive 11.90
[09:41] {Threei} needless to say, half lot
[09:42] {Threei} I am on ultraconservative side today
[09:42] {magoo} in .04
[09:42] {Threei} stop under 11.90
[09:42] {dino} stld spike
[09:42] {Threei} let's keep it tight, even at risk being shaken out
[09:43] {dino} i may be wrong, but i feel this oil spike is going to fade hard today
[09:43] {Threei} lord, I hope youi are right
[09:43] {dino} finally he calls me lord, :)
[09:44] {Threei} lord, I hope youi are righthehe
[09:44] {Threei} don't know if anyone found guts to try ROYL but if you did - stop under .30, and don't oversit it
[09:44] {dino} v sm risky s oyog .00
[09:45] {Threei} WHITE HOUSE: MAY JOBLESS NUMBER IS TOO HIGH FOR OUR LIKING, BUT DOES NOT REPRESENT RECESSION - SPOKESPERSON
[09:45] {Threei} - The jobs number is in line with a slowing economy.
[09:46] {Threei} if this offer at .08 is taken, CSUIN should post nice spike
[09:46] {Threei} there
[09:46] {Threei} now spike, will ya
[09:47] {dino} oyog stopped -.30
[09:47] {Threei} .15 day high to take and scrrrrrollll
[09:49] {Threei} scxalpers trail CSUN stop to .95
[09:50] {Threei} sane traders keep it under .90 still
[09:50] {Threei} SOLF new high
[09:50] {Threei} wake up CSUN
[09:50] {Threei} your turn
[09:52] {esemde} Solf move by SOLF thats for sure
[09:52] {esemde} thats "nice Move"
06[09:54] * Threei kicks CSUN in the rear with heavy duty army boots
[09:54] {Threei} stop taking your sweet time, get off that couch and go
[09:55] {Threei} I really couldn't find guts to call SQNM again, lol
[09:56] {magoo} look at LEH chgart
[09:57] {Threei} I don't want to
[09:57] {Threei} RCH
[09:57] {Threei} 10 break half lot
[09:58] {Threei} stop under 9.90
[09:58] {Threei} 9.80 is safer level for a stop but again...
[09:58] {magoo} in 05
[09:58] {Threei} don't chase if missed close to 10
[09:58] {Threei} it gives quite hard pullbacks
[09:59] {Threei} if you chase, they maybe impossible to stomach
[09:59] {Threei} fiiiinally CSUN
[09:59] {magoo} csun needed to finish its coffee first
[10:00] {dino} here comes -200
[10:00] {Threei} scalpers have their 1:1 and more
[10:01] {dino} 12342 target
[10:01] {Threei} again... I weill leave it to you to decide on profit taking, I am going to keep you from pure scalps today only when I feel very strongly about something
[10:01] {dino} oih fast fall
[10:02] {dino} watching nyx cme, ma
[10:11] {magoo} any bounce in SOLF CSIQ vad?
[10:12] {Threei} sure there is, I just don't have any realiable read on it
[10:13] {dino} nyx sm l .99
[10:15] {Threei} CHINESE PRESS REPORTS 'POWERFUL' EARTHQUAKE IN EAST TIMOR
[10:15] {Threei} you still in RCH magoo?
[10:15] {magoo} yeah
[10:15] {magoo} csun too
[10:17] {magoo} was waiting csun .43
[10:18] {magoo} same area rch
[10:23] {dino} chtt
[10:23] {dino} beav
[10:25] {dino} sm l beav .80
[10:26] {Threei} IVAN
[10:26] {Threei} TO RAISE C$50M IN FUNDS THROUGH SPECIAL WARRANTS PRIVATE PLACEMENT
[10:26] {Threei} - The funds to be raised will be used by the Company to make the initial payment of Cdn.$30M required under the Company's agreement with Talisman Energy Canada to acquire Talisman's interests in three leases in the Athabasca oil sands region in the Province of Alberta, Canada, which was announced on May 29, 2008, and for working capital purposes
[10:28] {judijim} gm all
[10:28] {Threei} jj :)
[10:29] {dino} beav stopped -.38
[10:29] {Threei} LEH short scalp, fuzzy entry somewhat
[10:29] {Chaeron} hi everybody
[10:29] {Threei} as close to 34 as you can get, stop 34.10
[10:29] {Threei} chaeron :)
[10:32] {Threei} RCH looking good for you magoo
[10:34] {dino} ugh beav
[10:34] {magoo} is it related to quakes?
[10:35] {Threei} well, it's construction company
[10:35] {Threei} maybe
[10:37] {dino} steels rocking
[10:37] {dino} well cenx at least
[10:39] {Roman} 21 RCH +5.3% (profiled in Inside Wall Street section of Business Week)
[10:39] {Roman} 21 earlier this morning
[10:40] {dino} safm
[10:41] {Threei} hit your exit area
[10:41] {Threei} magoo?
[10:43] {magoo} trying .41
[10:43] {magoo} out ty
[10:43] {Threei} welcome
[10:44] {Threei} for adrenalin-deprived:
[10:44] {Threei} SQNM long .95 if stays above .75
[10:45] {esemde} ugly ugly day......hardly anything to look at..
[10:45] {Threei} come on... didn't we get 3 winners yet??
[10:45] {Threei} 4
[10:45] {Threei} forgot SOLF
[10:46] {esemde} true....slim pickens
[10:46] {Threei} how many do you need for 1 hour of Friday trading, lol
[10:46] {Threei} what's with expectations {G}
[10:47] {Threei} and I don't count LEH short since entry was way too discretionary
[10:47] {Threei} that one worked too
[10:48] {esemde} referring to my screens mostly...hardly anything showing
[10:49] {Threei} well, remember the joke about potential immigrant asking for another globe to find where he wants to go...
[10:49] {dino} nue vsm l .15
[10:50] {magoo} no..huh?
[10:51] {esemde} no....
[10:51] {Threei} your guys short term memory is way too short, lol
[10:51] {Threei} haven't found any suitable country on the globe, so he asked for another globe
[10:52] {dino} i remember
[10:52] {dino} kgb right
[10:52] {Threei} yes sir
[10:52] {dptl} lol
[10:52] {esemde} ha ha....
[10:53] {Threei} now, don't ask me what the connection to ese's reference to his screens not moving is... under the threat of being trouted
[10:53] {peterg} at stage in trading as in helicopter pilot training: death grip on controls.
[10:53] {Threei} make it fun peter
[10:54] {peterg} good plan!
[10:54] {Threei} keep shares so small for starters that it can't hurt
[10:54] {peterg} still greedy, working on that]
[10:54] {Threei} go once again over MPP, Practical Trading chapter
[10:54] {Threei} and follow the procedure to the letter
[10:54] {peterg} Roger that
[10:55] {Threei} trading should be fun, otherwise why bother
[10:56] {peterg} that's what my therapist said about life before he killed himself (joke)
[10:56] {magoo} uh..to earn a living duh
[10:56] {Threei} lol peter
[10:56] {Threei} not really mags
[10:56] {Chaeron} Vad gives all his to the nice Nigerian ppl that email him
[10:56] {Threei} I have never seen a trader who would be consistently profitable while trading with white lips and blue knuckles
[10:57] {Threei} don't see it as money making vs fun
[10:57] {Threei} they go hand in hand
[10:57] {Threei} when you get it right, it's highly enjoyable process
[10:57] {Threei} ummm... is it blue lips and white knuckles?
[10:58] {peterg} That I believe--all muscles tense. More vodka!
[10:58] {Threei} lol
[10:58] {dino} have some fun, don't try too hard
[10:58] {dino} safm sm l .165
[10:58] {peterg} OK tks, off for two hours on day job, then back.
[10:58] {dino} .15
[11:03] {dino} cpla good drop, thin
[11:03] {Threei} bunwalla, rodnewy... feel free to chime in with comments or questions if you got any.... for some reason trialers lately doubt if they have right of speech
[11:06] {dino} oh sorry, i told them no talking
[11:06] {_bunwalla} thnks. just trying to get a feel before i chime in...
[11:06] {dino} 12342
[11:07] {Threei} :)
[11:07] {Threei} Friday is not the best day to get a feel...
[11:07] {Threei} but then again, I have an excuse for every day, lol
[11:07] {Threei} Monday is hangover day
[11:09] {Chaeron} we're flat right?
[11:09] {Threei} right now, yes
[11:09] {Threei} SQNM never triggered and got invalidated
[11:09] {Chaeron} whew... thanks
[11:09] {magoo} what u call me?...fat?
[11:09] {Chaeron} oink
[11:10] {Threei} here is my favorite illustration to Monday:
[11:10] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:11] {dptl} roflol
[11:16] {dino} -2% +/- ndx, dji
[11:16] {dino} getting a bit extreme
[11:21] {dino} beav l sm .65
[11:29] {Threei} remember PEIX short from a while ago?
[11:30] {Threei} getting tempted again
[11:30] {Threei} just hate that it's so narrow
[11:30] {Threei} unlikely to give something significant within one day
[11:31] {Chaeron} not shortable
[11:31] {Chaeron} here at least
[11:31] {Threei} argh
[11:31] {Threei} used to be
[11:31] {dino} tough to short w/markets down 2%+, imo, odds go lond
[11:31] {Threei} oh well
[11:31] {Threei} PEIX is in its own universe... doesn't really relate to market
[11:32] {dino} you are the master
[11:34] {magoo} jesus christ..itsd the end of days
[11:34] {magoo} never bounce ever again
[11:36] {dino} rally
[11:37] {Threei} BRCM
[11:37] {Threei} .08 long for a scalp
[11:38] {Threei} if stays above 28
[11:40] {dptl} l .09
[11:40] {dino} rate blood
[11:41] {Chaeron} in BRCM @ .09 too dp
[11:41] {Threei} interesting chart EVVV
[11:42] {Threei} .31 two day's break
[11:42] {Threei} slooooow
[11:43] {esemde} have to be off see you all monday....Vad if you get a chance pop by the Oak Bay Tea Party 2:00pm....for my Rhythm and Blues Band
[11:43] {Threei} where is it ese?
[11:43] {dino} later es
[11:43] {Threei} oak bay ave?
[11:43] {esemde} Willows Beach....
[11:43] {Threei} ah
[11:43] {Threei} will try :)
[11:43] {esemde} Beach Drive
[11:43] {Threei} I know :)
[11:43] {esemde} see ya
[11:43] {Threei} stopped BRCM
[11:44] {Chaeron} yep - me too... -.12
[11:45] {dino} bmti
[11:46] {fernp} VLNC around the $3.50
[11:47] {Threei} shakeout BRCM
[11:47] {Threei} oh well
[11:53] {dino} cpla sm l .30
[12:02] {Threei} YHOO
[12:02] {Threei} ISSUES STATEMENT ON ICAHN LETTER
[12:02] {Threei} - Leaving aside Mr. Icahn's inaccurate interpretation of our retention plan, we again note that he has no credible plan to operate Yahoo!.
[12:02] {Threei} - We believe that Mr. Icahn's suggestion that we cancel our retention plan would have a destabilizing impact on Yahoo! and would clearly not be in the best interests of our shareholders.
[12:02] {Threei} - Furthermore, his suggestion that we put out a price publicly to see if Microsoft will alter its stated position is ill-advised. As we have stated numerous times publicly and privately, we are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders.
[12:02] {Threei} neverending saga
[12:10] {Chaeron} RIMM ?
[12:11] {Threei} looks to go if market does... .50 closest support, if can get it close to it worth a try
[12:16] {magoo} AAPL was stronger..same..moves with mkt
[12:19] {Threei} beautiful bounce right off .50
[12:19] {Threei} clean scalping footwork
[12:26] {dino} safm stop to b/e
[12:29] {dino} safm stop +.01
[12:29] {dino} .06 i mean
[12:39] {dino} amln
[12:44] {dino} damn safm too tight
[12:58] {Threei} yawn
[13:01] {Threei} why didn't I trust PARL
[13:02] {Threei} watching if pullback shows entry
[13:06] {dino} cpla to .40 mkt sucks
[13:07] {magoo} this mkt is severely damaged
[13:08] {Threei} oil highs do it I'd think
[13:08] {dino} cpla stopped ave .35, +.05
[13:08] {Threei} CRUDE OIL FUTURES HIT RECORD HIGH AGAIN, $135.49
[13:09] {patience} i love my electric scooter
[13:09] {Threei} no kidding
[13:10] {Threei} my 21-gallon tank feels like bottomless abyss now when I fill it up, lol
[13:10] {hawkfan4} 136
[13:13] {Chaeron} parl?
[13:13] {Threei} hard to tell if break is worth the risk
[13:13] {Threei} level 2 is so thin
[13:14] {Chaeron} thanks
[13:14] {Threei} see these bids with no support?
[13:14] {Chaeron} yes
[13:14] {Threei} would be of less concern if there was a clear momo
[13:15] {Threei} but as it is, it can drop 30 cents in one gasp
[13:15] {Chaeron} no thank you
[13:18] {Threei} I don't think we've ever had such one-day spike in oil
[13:19] {Chaeron} "If Iran continues its nuclear weapons programme, we will attack it," said Shaul Mofaz, who is also transportation minister.
[13:19] {Threei} yeah
[13:19] {Chaeron} Israeli Transportation Minister
[13:20] {Threei} that's what I linked earlier as probable explanation
[13:20] {Threei} here is the thought that I hate:
[13:20] {Chaeron} geesh... what the heck is the DEFENSE Minister saying then?
[13:20] {Threei} follow this logic:
[13:21] {Threei} Israel is not very keen on idea of Obama becoming president,
[13:21] {Chaeron} oh wait... this guy is up for Defene Minister... that's right...
[13:22] {Threei} in order to support McCain, creating feel of imminent threat to security is plausible way to go
[13:22] {Threei} racthing up the rhetorics and tension, while playing in this direction, at the same time pushes oil higher
[13:22] {dino} y
[13:22] {Chaeron} no no... that's ok... we'll reason with them... diplomacy first always works
[13:23] {dino} yeah, right, diplomacy in the muslim world, heck they don't even let their women go to school
[13:23] {Threei} and btw, it's not really strange that transportation ministry makes these comments
[13:24] {Threei} for one thing, it creates deniability for those who are responsible for ultimate desicion,
[13:24] {Threei} and for another, Israel's govt is militarized enough for any potrfolio to be involved
[13:25] {dino} sooner or later it will happen
[13:25] {dino} most likely sooner
[13:26] {Threei} so... who can cause us more harm, our foes or our friends? {G}
[13:27] {Threei} since there are no friends in politics, there are interests only... would it be impossible to see Israel's action causing even more pain at the pump?
[13:27] {Threei} Chaeron... have a look at PARL
[13:28] {Chaeron} gasp
[13:28] {Chaeron} :)
[13:28] {Chaeron} thanks
[13:29] {dino} beav stopped -.38
[13:38] {dino} ,midd sm l .00
[13:42] {Threei} FED'S BULLARD: SLOW GROWTH IS NO JUSTIFICATION TO CUT RATES AGAIN, THE LAST CUSTS WERE PREEMPTIVE, NOW IS THE TIME FOR PATIENCE
[13:42] {Threei} - Inflation expecations are fragile, risking breakdown. Forecasts for headline CPI above 3% are disturbing, wants to see inflation between 0.5-1.5%.
[13:42] {Threei} - Calls for action to control inflation expectations, sees the Fed's key job as inflation control. Fed rate policy will shortly turn to inflation control.
[13:42] {Threei} - Housing has been extraordinarily weak, but housing prices may be close to fair value today.
[13:42] {Threei} - Remains too early to say whether the market turmoil has ended, but Fed lending facilities have helped ease the strain.
[13:42] {Chaeron} did the fed just ask for Patience's help out of this mess? :)
[13:43] {Threei} they sure did
[13:46] {Threei} look at USO daily
[13:46] {Threei} this bar today,
[13:46] {Threei} it's either island bar or breakaway gap
[13:46] {Threei} Now, who would have thoufght this boring geeky matter is one defining the future of the country
[13:47] {Chaeron} I'm wishing I was at an island bar about now.......
[13:47] {Threei} lol
[13:47] {Threei} I'd join you
[13:47] {Chaeron} I'll buy
[13:48] {Threei} second round is on me then
[13:48] {Chaeron} done
[13:48] {Threei} Island is not in the plans for nearest future though, planning Alaska cruise instead
[13:50] {dino} you'll love it vad, 2 years ago i did the alaska cruise/tour package awesome
[13:50] {dino} princess
[13:51] {dino} amln sm l .00
[13:51] {Threei} serenade of the sea here
[13:52] {Threei} carribean line
[13:53] {Threei} when we have a few min next week, tell me which tours you took?
[13:53] {dino} i'd like to go again
[13:54] {dino} ok
[13:54] {Threei} AMAZON.COM HOME PAGE IS CURRENTLY DOWN; SITE ONLY SAYS "SERVICE UNAVAILABLE"
[13:54] {Threei} what kind of news headline is that
[13:55] {dino} mdco
[13:58] {Threei} OK PARL
[13:58] {Threei} if it intends to bounce at all, it has to be from here
[13:58] {Threei} stop under .80
[13:58] {_rant} crazy day
[13:58] {_rant} feels too late to short
[13:58] {_rant} and not too early to go long
[13:59] {_rant} fmcn ?
[14:03] {Threei} shirt if anything
[14:03] {Threei} on .50 break
[14:03] {Threei} short that was
[14:04] {_rant} market seems to be done selling
[14:05] {Threei} if loses 2010, will pick up new round of weakness
[14:05] {_rant} i m confused abt TSL
[14:05] {_rant} oil is up..and TSL is down 8.5%
[14:07] {Threei} gave nice report this morning too
[14:07] {_rant} ya
[14:07] {Threei} just shows you how much conventional logic applies to market
[14:07] {_rant} but fslr is green
[14:07] {_rant} weird
[14:08] {Threei} why SOLF, JASO, CSUN are red with this oil move?
[14:08] {_rant} true..but not as bad as TSL
[14:08] {Threei} no relation stays the same in the market... it works for a while, then it changes
[14:09] {Threei} they all used to move in unison with oil
[14:09] {dino} itmn
[14:09] {Threei} go with patterns, forget conventional logic
[14:09] {Threei} it never worked in markets
[14:10] {_rant} ya
[14:10] {_rant} makes ur head go crazy
[14:10] {Threei} short periods of time when it seems to be working are just to lure in those who can't live without logic
[14:10] {Threei} noty really
[14:10] {Threei} just different way of thinking
[14:10] {Threei} it's simple really:
[14:10] {_rant} when its a 300 pt down day
[14:11] {_rant} should u trade more longs or shorts ?
[14:11] {Threei} everyone on Earth understands concept of "good news - up, bad news - down"
[14:11] {Threei} thus, it can't work like this in market
[14:11] {Threei} because if everyone is right, who is losing then?
[14:11] {_rant} true
[14:11] {Threei} and if no one losing, who those who are right take money from?
[14:12] {Threei} see how FMCN flushed down again?
[14:13] {_rant} ya
[14:13] {_rant} WB ?
[14:13] {_rant} 20 holding out
[14:14] {_rant} vad, what should u be doin on 300 pt down days ?? play on the long side or short side more ?
[14:19] {Threei} you assume all 300 pt down days are the same
[14:19] {Threei} there are no single rule for that
[14:20] {Threei} here is one question that will show the difference:
[14:20] {Threei} how is -300 reached, in sharp verticla selling or by slow gradual ordrly slide?
[14:20] {Threei} obviously those are going to be very different cases, right?
[14:20] {_rant} yah
[14:20] {_rant} this seems gradual selling
[14:21] {_rant} stop losses triggering it more and more
[14:21] {Threei} pretty much
[14:22] {_rant} i will play the spectator today
[14:30] {dino} c'mon, get your hands dirty
[14:30] {_rant} scalped WB
[14:30] {dino} :)
[14:31] {_rant} compulsive :)
[14:39] {Threei} oil closed 139?
[14:39] {Chaeron} *sigh*
[14:40] {fernp} I have to go out. Have a great weekend all.
[14:40] {Threei} take care fern, have a great one
[14:40] {_rant} 139
[14:40] {_rant} wow
[14:40] {magoo} bye femp:)
[14:40] {_rant} brutal
[14:41] {dino} cya fern
[14:50] {dino} out nue .22 +.07
[14:54] {Chaeron} where's Lake Louise? how far from Vancouver?
[14:55] {Threei} Canadian rockies
[14:56] {Threei} within one day of driving
[14:56] {_rant} beav anyone
[14:56] {Chaeron} one day? heck... looking at Cathedral Mountain Lodge.... http://www.cathedralmountain.com/
[14:57] {Threei} not a full day... but closer city would be Calgary
[14:57] {Chaeron} oh ok
[14:57] {Chaeron} incredibly beautiful
[14:57] {Threei} oh yeah
[14:58] {Threei} and Moraine lake is even more picturesque
[14:58] {Threei} short drive from Lake Louise
[14:59] {dino} beav stopped me twice today, done w/it
[15:02] {peterg} Beginning to have fun, gun to head making paper trades!
[15:03] {Threei} :)
[15:07] {peterg} CALM?
[15:08] {magoo} c'mon boyz..buy into bell
[15:08] {Threei} boyz are skeered
[15:09] {Threei} CALM may be worth a try if retreats to 33
[15:09] {magoo} i shoulda asked earlier:)
[15:10] {Threei} can you really blame them
[15:10] {Threei} what power you have mags
[15:11] {Threei} may I ask you to demand lower oil?
[15:11] {dino} v magoo all powerful +60 points
[15:11] {Threei} please?
[15:11] {_rant} wow..beav is breakin up
[15:12] {dino} rant if you were sitting in the next office i'd throw something at you for bringing up beav
[15:12] {_rant} :)
[15:12] {dino} so instead i'll throw something at magoo
[15:12] {_rant} not getting greed now
[15:12] {_rant} will exit
[15:12] {magoo} ouch
[15:13] {dino} gj
[15:15] {_rant} fmcn is stuck at 31.50
[15:17] {magoo} c'mon boyz..don't stop now
[15:18] {_rant} few shorts covered
[15:18] {_rant} thts pretty much it
[15:18] {_rant} now back down
[15:20] {Threei} out yourself in boyz shoes
[15:21] {Threei} do you want to carry any position into weekend with what we had today?
[15:30] {dino} stopped amln -.06 at .94
[15:30] {dino} tighten midd stop to .08
[15:31] {Threei} is SQNM worth the risk or not
[15:31] {Threei} that is the question
[15:31] {Threei} IMO, hardly
[15:31] {Threei} not a good time for momo plays
[15:31] {Threei} and SQNM's momo is dying
[15:31] {dino} out midd .07, +.07
[15:38] {Threei} peter
[15:38] {Threei} nice find CALM
[15:38] {Threei} way to go
[15:39] {Threei} NIGERIAN OIL MIN: OPEC CAN INCREASE PRODUCTION IF NECESSARY
[15:39] {Threei} woohoo
[15:39] {Chaeron} wa that in an email to them? :)
[15:39] {Chaeron} asking for money?
[15:39] {Threei} lol
[15:41] {dino} risky sm ma l 296
[15:44] {peterg} Made .07 in CSCO so as not to feel defeated.
[15:46] {dino} gj
[15:50] {dino} out ma flat
[15:51] {dptl} have a good weekend all....:)
[15:51] {Threei} take care dp
[15:52] {dino} u2
[15:52] {Threei} lows again
[15:53] {Threei} boyz are dumping
[15:54] {magoo} they dissappoint
[15:54] {Threei} OK guys, thank you all
[15:55] {Threei} let's have a great relaxing weekend
[15:55] {magoo} ty vad
[15:55] {Threei} see you all on Monday
[15:55] {peterg} tks & by all
[15:56] {_rant} it will be interesting monday
[15:56] {_rant} 390 pts down
[15:56] {_rant} wow
[15:59] {_rant} some kind of record ? 405 pts
Thursday, June 5, 2008
Jun 05 2008
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
[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
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