Jul 17 2008

Session Time: Thu Jul 17 00:00:00 2008

[08:28] {cosmo} EBAY misses...
[08:30] {Threei} NITIAL JOBLESS CLAIMS:: 366K V 380KE
[08:30] {Threei} CONTINUING CLAIMS: 3.166M V 3.180ME
[08:30] {Threei} JUN HOUSING STARTS: 1.07M V 960KE; BUILDING PERMITS: 1.09M V 965KE
[08:34] {cosmo} EBAY: eBay's Q2 was in line with expectations, but Q3 guidance is weak, and will disappoint; shares are down 6% after hours. Sales increased 20% year-over-year, and net income jumped 22%, aided by share buybacks.
[08:35] {cosmo} off 11% now
[08:35] {Threei} you'd think in wseakening economy Ebay should benefit
[08:36] {cosmo} hmmm
[08:36] {Threei} The Financial Times noted overnight that some government funds have cut their USD exposure.
[08:36] {Threei} that's interesting
[08:37] {Threei} if they cut it someone's increased it, right?
[08:40] {cosmo} ...or will increase at some point
[08:40] {cosmo} tipping point...
[08:41] {Threei} if something is sold... someone bought it
[08:42] {cosmo} sigh...this is deep
[08:43] {Threei} yes for the morning - but I come up with this stuff in the evening and write it down
[08:43] {cosmo} does it wake you at 3 AM?
[08:43] {Threei} nothing can
[08:44] {cosmo} ah...good
[09:00] {fernp} Good Morning
[09:00] {Threei} fern :)
[09:03] {magoo} njfhyjrhjynmghfjyfh
[09:03] {Threei} mgkdjotiercnks?
[09:05] {magoo} sheesh, jobless claims lower, housing starts higher, all good again lol
[09:05] {Threei} yup... what crisis?
[09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[09:05] {Threei} umm... correction: worlkd is going to start ending
[09:09] {hawkfan4} good morning
[09:09] {Threei} hawk :)
[09:12] {cosmo} VCLK
[09:14] {cosmo} # ValueClick cuts forecasts due to weak economyAP(Thu 9:07am)
[09:18] {judijim} good morning everyone
[09:21] {Threei} jj :)
[09:26] {dino} gm all
[09:28] {Threei} dino :)
[09:28] {peterg} gm all
[09:28] {Threei} peter :)
[09:29] {pita} gm all
[09:29] {Threei} pita :)
[09:29] {magoo} jj, pita, peter:)
[09:29] {Threei} looking at the last lines, I feel like a doorman {G}
[09:30] {peterg} and a good one, too hi mags
[09:30] {Threei} lol
[09:31] {Threei} huge spike ZION
[09:31] {dino} nue looks pretty good, crusjing it tho
[09:32] {Threei} UAUA 4.65 long if stays above 4.50
[09:33] {dino} earnings after close zion
[09:33] {Threei} all banks are rocking
[09:34] {Threei} looking for pullback LEH
[09:34] {Threei} probably JPM can help with timing
[09:35] {Threei} FRE
[09:35] {Threei} FOLLOW UP: CENTRAL BANKS PURCHASED 57% OF NEW $3B 2-YEAR ISSUE
[09:36] {Threei} no pullback
[09:36] {dino} shoo
[09:36] {Threei} LEH .50 break risky long
[09:36] {Threei} half lot
[09:36] {dino} damn, can't borrow
[09:36] {Threei} if stays above .30
[09:37] {Threei} ok JPM pulling back finally
[09:37] {dino} zion too, unavail
[09:37] {dino} squeezes?
[09:37] {Threei} not LEH though
[09:37] {magoo} in
[09:37] {Threei} over 1:1
[09:37] {Threei} and aiing for 19
[09:37] {Threei} aiming
[09:37] {magoo} out .89 TY
[09:38] {Threei} out .96
[09:38] {Threei} welcome sir
[09:38] {magoo} aapl 175 coming RISKI in
[09:39] {Threei} if we get lucky to have pullback closer to 18.50 LEH, entry level
[09:39] {magoo} ok
[09:42] {magoo} here comes aapl
[09:43] {Threei} here comes everything
[09:44] {Threei} FRE 8.60 long
[09:44] {Threei} .45 stop
[09:45] {Threei} 1:1 easy
[09:45] {Threei} half out .84
[09:45] {Threei} scalpers take profit
[09:46] {Threei} out in full 9.05
[09:47] {magoo} out .07 full TY
[09:47] {Threei} LEH aiming for 20 probably
[09:47] {Threei} not buying here though
[09:48] {Threei} USO spike may become a brake for now
[09:48] {peterg} out FRE at 9.05, tks
[09:48] {Threei} peter :)
[09:48] {peterg} still smokin
[09:48] {Threei} LEH over 20, lol
[09:49] {Threei} mama mia FRE
[09:49] {Threei} and FNM
[09:49] {Threei} here comes LEH drop
[09:49] {Threei} and what a drop it is
[09:50] {Threei} sheesh... there was a pause long enough to short FRE
[09:50] {Threei} why did I hesitate
[09:51] {peterg} because of Cox
[09:51] {Threei} bounce soon
[09:51] {peterg} no shorts on his ffiends
[09:51] {peterg} soon
[09:51] {Threei} available here
[09:52] {peterg} you mean only in U.S.?
[09:52] {Threei} it's broker-to broker specific
[09:53] {Threei} LEH, entry is coming
[09:53] {Threei} as close to 18 as possible
[09:53] {Threei} and keep it small
[09:53] {magoo} in .33
[09:54] {peterg} .39
[09:54] {Threei} .35
[09:54] {Threei} we covered whole range
[09:54] {Threei} out .73
[09:54] {magoo} out .79 lol
06[09:55] * Threei slaps magoo around a bit with a large trout
[09:55] {magoo} ty boss
[09:55] {peterg} out .76 tks
[09:55] {Threei} OK, let's take a small breather... what the heck was that? :)
[09:56] {Threei} gosh, I missed this kind of days
[09:56] {peterg} a tremor in the force
[09:56] {Threei} what a beautiful momo
[09:56] {magoo} mktsstill jittery vad
[09:56] {peterg} momo?
[09:56] {Threei} let's take a pause, market will be defining it's next move now
[09:56] {peterg} mama?
[09:57] {Threei} momo - traders speak for momentum
[09:57] {peterg} roger that
[09:57] {peterg} ok, off for hour.
[09:57] {peterg} have fun
[09:58] {Threei} :)
[09:58] {brian3579} first profitable week thank you vad
[09:58] {Threei} love to hear that brian
[09:59] {Threei} notice,
[09:59] {Threei} you start profitng at times when the world is hurting
[09:59] {brian3579} small but its a start
[09:59] {Threei} this is very significant
[09:59] {Threei} it means you are not a part of crowd anymore
[10:00] {Threei} you move to the smart money side
[10:00] {brian3579} your books and help and hard work mad the difference
[10:00] {brian3579} made
[10:00] {Threei} JULY PHILADELPHIA FED: -16.3 V -15E
[10:01] {Threei} difference is made by you... I provided the necessary resources but nothing works by itself
[10:01] {Threei} - Prices Paid: 75.6 v 69.3 prior (highest reading since 1980)
[10:02] {Threei} - Employment: -7.3 v -6.9 prior
[10:02] {dino} uso, oih rally
[10:02] {Threei} yeah... USO needs to come down again to provide fuel for market
[10:02] {Threei} as long as USO remains strong, it's a drag
[10:05] {Threei} I'd say, we picked exactly right moment to get on sideline
[10:06] {Threei} very tempted by LEH off 18
[10:06] {Threei} want to see market start recovering though
[10:06] {dino} dwsn sm wide l .00
[10:07] {magoo} pretty nasty selloff there
[10:07] {Threei} if I miss it, I always have dave to slap
06[10:07] * magoo slaps laserdave1 around a bit with a large trout
[10:07] {Threei} market is still selling
[10:08] {Threei} whoa USO
[10:08] {dino} oih +6
[10:16] {laserdave1} nice move down
[10:16] {laserdave1} wow
[10:16] {laserdave1} that was crazy
[10:17] {magoo} 100 sh long CME .19 VERY RISKY
[10:17] {Threei} anyone took LEH off 14?
[10:17] {magoo} was watching
[10:17] {magoo} missed
[10:17] {Threei} perfect hit on a support level just when market started rebounding
[10:18] {Threei} the only problem was,
[10:18] {Threei} it jumped off support so rapidly
[10:18] {Threei} you had to just take it on a blind faith that it would hold
[10:29] {dino} sglp
[10:31] {Threei} MF LIFTS GLOBAL GROWTH FORECAST TO 4.1% ROM 3.7% PRIOR
[10:31] {Threei} IMF
[10:31] {magoo} stopped CME -200 bux
[10:31] {magoo} this is discouraging action here
[10:32] {Threei} LEH becomes interesting again
[10:33] {magoo} in leh here .51
[10:34] {Threei} .48
[10:34] {Threei} beat ya this time
[10:34] {magoo} grrrr
[10:34] {Threei} out
[10:34] {Threei} .71
[10:35] {GeoArb} thanks all done for day....vad you can see my take on your setup in TXT
[10:36] {dino} sglp sm l .50
[10:36] {Threei} DBI?
[10:36] {GeoArb} with 1.5 times vol and below yesterday low
[10:36] {Threei} beauty
[10:36] {GeoArb} my spin
[10:37] {peterg} out LEH .85, +18
[10:37] {Threei} send me your configuration please
[10:37] {GeoArb} will email
[10:37] {Threei} ty
[10:37] {Threei} + .18 peter?
[10:37] {Threei} sounds like you chased it quite high
[10:37] {GeoArb} the first 15 mins i discard as garbage
[10:37] {peterg} this setup is too slow
[10:38] {peterg} my "free" software from fidelity
[10:38] {Threei} OK, this is pure danger
[10:38] {Threei} you will pay dearly for that free setup
[10:38] {peterg} too clunky to use, executions are good and timely, but the fooling around to set up the order is tedious and studpid
[10:39] {Threei} ask dave for demo
[10:39] {Threei} you'll be amazed by7 the difference
[10:40] {peterg} Dave Pelosi?
06[10:40] * Threei slaps laserdave1 around a bit with a large trout
[10:40] {Threei} this dave
[10:40] {peterg} Our dave
[10:40] {peterg} Hey dave, can I have a demo?
[10:40] {laserdave1} that can be arranged
[10:40] {laserdave1} i will dcc you
[10:41] {peterg} tks
[10:41] {laserdave1} np
[10:44] {magoo} naz red
[10:44] {Threei} [09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[10:44] {Threei} [09:05] {Threei} umm... correction: worlkd is going to start ending
[10:45] {magoo} u need to harness this poweer u have
[10:46] {Threei} it's easy
[10:46] {Threei} start drinking around 5 am, and you are golden
[10:47] {magoo} ok..already doing that :)
[10:47] {Chaeron} Dave - dcc please?
[10:48] {Chaeron} Good morning everyone
[10:48] {Threei} if it doesn't worek, double the dose
[10:48] {Threei} chaeron :)
[10:51] {dino} spwr sm l .60
[10:59] {dino} nue sm l .25
[11:00] {pita} later all. its been an interesting morning.....
[11:00] {magoo} bye
06[11:02] * Chaeron slaps laserdave1 around a bit with a large trout
[11:04] {Threei} take care pita
[11:16] {magoo} wake up vad...bouncing it seems
[11:17] {Threei} hard to tell...
[11:23] {Threei} .70 small shares short USO
[11:23] {Threei} .90 stop
[11:24] {Threei} that was fast
[11:24] {Threei} no chance for entry? or someone got it?
[11:25] {Threei} 1:2
[11:25] {magoo} missed
[11:26] {Threei} wow... not in a short list
[11:27] {Threei} but what a call
[11:27] {dino} any news sglp, may have to try it again
[11:27] {Threei} nope
[11:27] {GeoArb} why ot short oih?
[11:27] {dino} brutal
[11:28] {Threei} yeah, OIH is available
[11:28] {GeoArb} :)
[11:28] {Threei} I am getting interested too dino
[11:28] {Threei} probably one more flush
[11:29] {Threei} there we go
[11:29] {dino} think we just had it
[11:29] {Threei} looks like
[11:30] {dino} some really messed up moves this a.m.
[11:30] {peterg} what, now trend up?
[11:30] {dino} y
[11:30] {Threei} really can't tell peter
[11:31] {Threei} on market overall
[11:31] {dino} damn 2 bucks
[11:31] {peterg} Fidelity cant get me LEH for shorting unless I beg
[11:31] {peterg} not intending to
[11:32] {peterg} short or beg at moment
[11:32] {GeoArb} you trade at fidelity?
[11:32] {peterg} still, on their active trader pro platform
[11:32] {Threei} peter lives on the edge
[11:32] {peterg} streaming realtime etc level two
[11:33] {peterg} looking into alternatives.
[11:33] {GeoArb} i am sure vad can set him up
[11:33] {peterg} But so cheap as to be problematic
[11:33] {peterg} working on it geo
[11:33] {Threei} maybe second chance dino
[11:33] {GeoArb} laser dave DCC
[11:33] {GeoArb} pls
[11:34] {dino} waiting 13.40
[11:34] {Threei} too .83, out 15.45
[11:34] {Threei} took
[11:34] {Threei} .44 and .45
[11:36] {dino} 15?
[11:36] {Threei} 14.83 in, 15.44 out
[11:37] {dino} ok
[11:37] {Threei} new low is likely now
[11:37] {laserdave1} attention all laser users
[11:37] {laserdave1} ***********
[11:37] {Threei} uh oh
[11:37] {magoo} oh oh
[11:38] {laserdave1} they might have to shut down laser for 3 minutes
[11:38] {magoo} crap
[11:38] {laserdave1} just giving you a heads up
[11:38] {magoo} i got 3 positions
[11:38] {Threei} we are to be electrocuted if we make profit
[11:38] {magoo} when??
[11:39] {laserdave1} trying \to find more info now
[11:39] {magoo} ok
[11:40] {GeoArb} no dcc laserdave?
[11:40] {GeoArb} sniff sniff
[11:40] {Threei} 11:40:26 ADMIN7 --} (All): System shutting down for EMERGENCY maintenance for 2-3 mins!!!
[11:40] {magoo} CRAPPPPPPPPP
[11:41] {Threei} 11:40:43 ADMIN7 --} (All): This will happen in 5 mins!!!
[11:41] {laserdave1} 5 minutes and then we go down
[11:41] {laserdave1} we go down for 2 to 3 minutes
[11:41] {laserdave1} be prepared
[11:41] {Threei} will reconnect itself or we have to shut down and log in again?
[11:42] {laserdave1} i think u will have to log in again
[11:42] {Threei} 11:45 is shutdown time
[11:42] {dino} out spwr .91, +1.30
[11:43] {Threei} btw... first time in a looong while gas price came down yesterday
[11:43] {magoo} OK OUT
[11:44] {patience} also been a long long time since laser was down during prime trading hours
[11:45] {laserdave1} so rare for something like this
06[11:45] * magoo slaps patience around a bit with a large trout
[11:45] {patience} good morning magoo :)
[11:45] {magoo} we be down
[11:46] {Chaeron} it's my fault :)
[11:46] {Threei} quotes are still up, executor is out
[11:46] {patience} i'm in a trade shorting crude oil, vad please whack it and make it drop further
[11:46] {Threei} no executions... criminals run free
[11:46] {peterg} my fault; I expressed interest in laser
[11:46] {Threei} whacking as we speak
[11:46] {Threei} rofl peter
[11:46] {patience} ty
[11:47] {Threei} USO will lose 108 in a jiffy
[11:47] {patience} much obliged
[11:47] {GeoArb} laser is probably one of the most stabe out there
[11:47] {GeoArb} and i have shopped around
[11:47] {patience} i'm having a hard time remembering when it was actually unavailable
[11:47] {Threei} once when they had big flood in NY I remember
[11:47] {Chaeron} stable for years here and best execution period
[11:47] {Threei} and they had to switch to alternative energy supply
06[11:48] * magoo slaps peterg around a bit with a large trout
[11:48] {Chaeron} hamsters on wheels?
[11:48] {peterg} sorry
[11:48] {Threei} yes chaeron
[11:48] {Threei} those were well fed hamsters
[11:48] {laserdave1} log in everyone
[11:48] {Threei} run like crazy
[11:48] {laserdave1} i think were good now
[11:48] {laserdave1} im in
[11:48] {magoo} ROFLOL peterg
[11:49] {laserdave1} everyone should be able to get in now
[11:49] {peterg} can I make it up to you?
[11:49] {magoo} dam, forgot my password
[11:49] {laserdave1} if you cannot dcc me asap
[11:49] {GeoArb} lol
[11:49] {Threei} lol
[11:49] {dptl} ebay 24 break?
[11:49] {Threei} I am in dave
06[11:49] * laserdave1 slaps magoo around a bit with a large trout
[11:49] {Chaeron} I'm in
[11:49] {Chaeron} THANKS DAVE!
[11:50] {Threei} worth a try dp
[11:50] {laserdave1} see Wayne
[11:50] {magoo} IN
[11:50] {laserdave1} i get them to shut down entire system just for you :)
[11:50] {dptl} ok ty stop at .89?
[11:50] {Threei} hmmm
[11:50] {Threei} preferential treatment eh?
[11:50] {Threei} yes dp
[11:50] {magoo} u pretty powerful guy dave :)
[11:51] {GeoArb} and he is a good armwrestler too
[11:54] {dptl} out ebay +.10
[11:55] {Threei} stinkin' scalper
[11:55] {dptl} :)
[11:55] {dino} lol, gj
[11:55] {Threei} :)
[11:56] {Threei} wow
[11:56] {Threei} careful
[11:56] {Threei} something just happened
[11:56] {dptl} where?
[11:57] {Threei} don't know... scary downtick market
[11:57] {Threei} maybe just a fluke
[11:57] {Threei} but looks potentially nasty
[11:57] {peterg} lotsa red
[11:57] {Threei} interesting piece of news:
[11:57] {Threei} UBS
[11:57] {Threei} EXITING THE BUSINESS OF PROVIDING OFFSHORE BANKING OR SECURITIES SERVICES TO US RESIDENTS
[11:57] {Threei} - Swiss-based advisiors will not be allowed to travel to the US to meet with clientes
[11:57] {Threei} - Annoucement comes as company officers testify before a Senate panel looking into tax evasion.
[11:57] {magoo} dave accidently unplugged entire market system vad {dave "OOPS"}
[11:57] {Threei} 108 USO
[11:58] {Threei} ahhh
[11:58] {Threei} stop drinking and tripping over market plug dave
[11:58] {patience} trading today is too much like work, make money, give it back, repeat
[11:59] {Threei} keeping mine
[11:59] {peterg} that was my yesterday; today better
[11:59] {Threei} not giving back a single cent
[11:59] {Threei} I like my cents
[11:59] {Threei} anyone remembers MCEL?
[11:59] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:00] {Chaeron} who? or is it whom? Raven would know that one...
[12:00] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:01] {Threei} reads like:
[12:01] {Threei} mafia bosses approved the hit
[12:01] {Chaeron} yeah.... where was that one when heyday?
[12:01] {Chaeron} 0.02 now
[12:02] {Threei} I remember 3
[12:02] {Threei} one of those small stocks that would aslways get some news and run on it
[12:03] {Threei} we need USO to lose 107 to get more downside momentum
[12:04] {patience} you know what to do vad
[12:04] {Threei} whack?
[12:05] {patience} that would be it
[12:05] {Threei} that's actually the only thing I know
[12:05] {Threei} btw, you've got a sledgehammer?
[12:05] {patience} i have two of them actually
[12:05] {Threei} cool, I'll ask to borrow :)
[12:06] {patience} little one when finesse is called for, big one for just destroy it
[12:06] {peterg} I have a ten-pound one, a bit too heavy, but I used it to defragment the hard drive of a laptop
[12:06] {Threei} I provide a lot of finesse with big one
[12:07] {Threei} trust me, that's one fine whacking
[12:07] {patience} wrong way vad, oil and gold are going up
[12:08] {GeoArb} whats the symbol for gold?
[12:08] {laserdave1} gld
[12:08] {peterg} au?
[12:08] {peterg} periodic table
[12:08] {GeoArb} i was wondering if anyone used the future
[12:08] {Threei} lol
[12:09] {Chaeron} no Geo... I just live in the past
[12:09] {GeoArb} ahhhh
[12:09] {GeoArb} just not my day :)
[12:12] {dptl} Vad,hows omx at .53 break with .39 stop?
[12:13] {Threei} chart is right but not for full lot
[12:13] {dptl} ok ty
[12:13] {Threei} it's not very thin on Level2,
[12:13] {Threei} yet does some quite pronounced moves
[12:14] {laserdave1} peter dcc when u get time please
[12:26] {Threei} hate to do it but...
[12:26] {Threei} 108.50 break long USO
[12:26] {Threei} .30 support
[12:31] {Threei} over 1:1
[12:31] {Threei} over 1:2
[12:32] {jmb} Thanks Vad
[12:32] {Threei} welcome
[12:32] {hawkfan4} nice one, thx
[12:32] {Threei} :)
[12:32] {Threei} unpatriotic...
[12:41] {dino} wow we missed sglp, i was sitting at 14.15 when it hit 14.50
[12:52] {Threei} yessss
[12:52] {Threei} love to see USO action
[12:52] {Threei} lose 107 you lousy oily smelly bastard, fall down and break to pieces
[12:52] {Threei} your OMX works dp
[12:54] {magoo} back...we in anything??
[12:54] {Threei} no but looking for FRE pullback to 8.10 area for long
[12:54] {Threei} and FNM to 10.65 area
[12:54] {dptl} yep +.10 and also grabbed ald for +.10...........stinking scalper:)
[12:55] {Threei} thank you dp
[12:55] {Threei} by admitting it you don't make me say that :)
[12:55] {dptl} :)
[12:58] {dino} cwei
[13:05] {judijim} rough day for us, up $500 for the day, have a great day all traders be back tomorrow
[13:05] {magoo} sing along here....i have a structured settlement....but i need cash nowwwww...call j g whentworth 877-cashnow
[13:05] {magoo} yeah thats rough uop $500
[13:05] {magoo} chime in vad
[13:06] {Threei} I can't
[13:06] {Threei} I chocked
[13:06] {GeoArb} chocked
[13:06] {GeoArb} he is chock full of sympathy
[13:06] {Threei} lol
[13:06] {magoo} im only up 750 and thought t was real good day lol
[13:06] {Threei} some are sooo spoiled
[13:07] {Threei} well USO... it's time
[13:07] {GeoArb} comeone magoo you gota beat my score
[13:07] {magoo} what on USO?
[13:07] {GeoArb} youre the "senpai" here
[13:07] {magoo} OY..where u at?
[13:07] {Threei} die you oil-covered environemtally-unfriendly economy0killing jerk
[13:07] {GeoArb} 1095.95 net
[13:08] {GeoArb} good round nuber so closed
[13:08] {magoo} whats smenpoo?
[13:08] {GeoArb} is senior classmate mentor in japanese
[13:08] {Threei} anyone got FRE
[13:08] {Threei} ?
[13:08] {Threei} pulled back right to .10
[13:08] {GeoArb} http://en.wikipedia.org/wiki/Senpai
[13:09] {Threei} precision to the cent
[13:09] {Threei} FNM to .66, precision to the cent
[13:10] {GeoArb} vads the sensei
[13:10] {GeoArb} money makes me all kung fooish :)
[13:13] {GeoArb} what not even a trout for foreign gobblygook
[13:13] {GeoArb} man whats one gota do to earn one
[13:14] {Threei} lol
[13:14] {GeoArb} hey chaeron do you like dimsum?
[13:15] {Chaeron} love it
[13:15] {GeoArb} i want to www.dintaifungusa.com yesterday..... and i am in love..... a bit of a drive for you
[13:15] {GeoArb} NEVER had it better
[13:15] {Chaeron} for a sec there I thought you were talking about my diminished brain capacity
[13:15] {GeoArb} heheheheh
[13:15] {Threei} rofl
[13:15] {GeoArb} nah that would ne
[13:16] {GeoArb} "chaeron you like dimsum"
[13:16] {GeoArb} instead of do you
[13:16] {GeoArb} amazing food
[13:19] {Threei} aggressive FRE entry here
[13:19] {Threei} stop under .30
[13:19] {Threei} .50 break is regular entry
[13:25] {patience} ok, back to making consistant money on my trades, but also consistantly leaving money on theh table
[13:25] {patience} what to do vad
[13:26] {Threei} IMO... continue leaving money on the table...
[13:26] {Threei} that's the key to consistency :)
[13:27] {Threei} who was it who said "I made my fortunes by selling too soon"
[13:27] {patience} hmmm...just trying to figure out the pattern for trading right now and can't
[13:31] {dptl} ald?
[13:34] {Threei} hard to tell... too slow
[13:34] {dptl} got .21 stop under .10
[13:36] {dptl} and out +.10 again
[13:37] {Threei} say it
[13:38] {dptl} stinking scalper ,,,,hehe i know:)
[13:38] {GeoArb} i love jellybeans?
[13:39] {magoo} if i may ask dp..how many shares u scalpin for dimes?
[13:41] {dptl} not much these days...been really beatten up last month so no more then 400 for now till get back on my feet
[13:42] {dptl} need some consistancy again
[13:42] {magoo} thats good...me only 3-500 shares
[13:42] {magoo} used to go 1k 2k
[13:42] {magoo} doing better smaller
[13:42] {dino} v sm l .80\
[13:43] {dptl} if i am up for the day i do even smoller to stay up
[13:43] {GeoArb} i fine i do better if instead of all in scale out........ i do scale in scale out
[13:44] {brian3579} hd
[13:44] {brian3579} sorry
[13:45] {brian3579} computer going crazy
[13:47] {dino} aglt
[13:48] {dptl} will that cats break?
[13:49] {dino} ?
[13:50] {dino} buyout
[13:54] {patience} anybody know a utilities etf to trade?
[13:56] {Threei} JXI
[13:57] {Threei} Global Utilities Sector Index Fund
[13:57] {patience} you are GOOD
[13:57] {patience} ty
[13:57] {Threei} :)
[13:57] {patience} ok, just to test you
[13:57] {patience} how about a bear utilities etf
[13:57] {GeoArb} no XLU?
[13:58] {Threei} Utilities Select Sector SPDR (XLU)
[13:58] {patience} ty geo, haven't done a spdr for awhile...i suppose i can short them
[13:58] {GeoArb} www.smartmoney.com
[13:59] {GeoArb} has very good etf map
[13:59] {dino} uth
[13:59] {Threei} here are all of them:
[13:59] {Threei} http://seekingalpha.com/article/30084-utilities-etfs
[14:00] {patience} thanks...apparently utilities broke down yesterday and i'm looking for momo :)
[14:00] {Threei} and this will give you any ETF one can think of:
[14:00] {Threei} http://seekingalpha.com/page/etf-finder
[14:01] {patience} ty, quite the listing
[14:01] {GeoArb} excellent heat map here http://www.smartmoney.com/etf/maps/
[14:01] {GeoArb} for macro view
[14:02] {patience} i'm trying to keep to trading on the canadian side, unless I know CDN dollar is going up, doing the arbitrage thing
[14:03] {patience} ty Geo, now I need a drink to work through this one
[14:03] {dino} nue stop to .80
[14:03] {laserdave1} aapl getting funny here
[14:03] {dino} out +.55
[14:04] {laserdave1} carefull if long aapl
[14:04] {Threei} haha funny or uhoh funny?
[14:05] {laserdave1} funny like a clown funny
[14:06] {laserdave1} markets saved it
[14:07] {laserdave1} its still really weak
[14:07] {laserdave1} relative to markets
[14:08] {dino} biod
[14:09] {dino} speaking of funny, thats why cannibals don't like clowns
[14:09] {dino} they tast funny
[14:09] {Threei} hmmm
[14:10] {Threei} I'll take your word for it..in exchange for secret explanation
[14:10] {dino} clowns taste funny
[14:10] {laserdave1} alll i want from u aapl is 2 points
[14:10] {laserdave1} now get down
[14:10] {Threei} hey, I wanted secret...
[14:10] {laserdave1} i never had clown before
[14:11] {dptl} lol
[14:11] {magoo} short aapl u thinking?
[14:11] {Threei} if you don't like clowns, you simply don't cook them right
[14:11] {laserdave1} ummm
[14:11] {laserdave1} no comment
[14:12] {dino} i suspect you may be a clown
[14:12] {laserdave1} out aapl
[14:12] {laserdave1} will reenter if setup comes back
[14:13] {GeoArb} i am short skf very small
[14:13] {GeoArb} volatile creature
[14:17] {dino} gutsy
[14:17] {laserdave1} reshorted aapl
[14:17] {laserdave1} that skf is nuts
[14:17] {GeoArb} i love it
[14:17] {laserdave1} skf?
[14:17] {laserdave1} wow
[14:17] {dino} things down 70 pts from yesterday
[14:20] {Threei} USO is threatening to go under 105
[14:22] {Threei} 105 be lost
[14:23] {Threei} {105} yes sir
[14:23] {magoo} u in?
[14:23] {GeoArb} hey laser dave can you short skf?
[14:23] {Threei} in what?
[14:23] {GeoArb} in laser
[14:23] {magoo} sh USO
[14:23] {Threei} it's unavailable
[14:24] {GeoArb} yeah..... i had to call in so was wondering
[14:25] {dino} v sm l skf .25
[14:25] {laserdave1} no sorry
[14:25] {laserdave1} must be heavy demand
[14:26] {GeoArb} yeah i called up and begged saying i only need 500 and only for the day
[14:26] {GeoArb} i guess i am a naked illegal
[14:26] {Threei} my eyes
[14:26] {GeoArb} lol
[14:27] {laserdave1} geo dcc please
[14:28] {dino} stopped -100
[14:30] {magoo} vad, what u think?230 smakdown or run?
[14:31] {dino} rinsed
[14:31] {Threei} 230?
[14:32] {laserdave1} if i had to guess i say we rollover
[14:32] {laserdave1} but this market amazes me
[14:32] {laserdave1} so stops always in place
[14:35] {magoo} 2:30 pm vad
[14:35] {dino} good guess
[14:36] {Threei} watching FRE for bounce
[14:36] {laserdave1} thats a good aapl
[14:37] {laserdave1} got whipsawed on it and stopped 3 times
[14:37] {laserdave1} this one is good
[14:38] {laserdave1} i covered half
[14:38] {laserdave1} near low of day
[14:40] {magoo} disappointed in u dave now
[14:40] {magoo} u werre supposed to remind to not NOT do something today
[14:40] {dino} nue, wow glad i got out
[14:41] {laserdave1} hey dood
[14:41] {laserdave1} i was gooing to remind u
[14:41] {laserdave1} i was going to remind u a bit later
[14:41] {laserdave1} just in case u forget
[14:41] {laserdave1} this way fresh in your head
06[14:41] * laserdave1 slaps magoo around a bit with a large trout
[14:42] {laserdave1} bidding 171.31 on aapl in case big bar down
[14:42] {Chaeron} that's a role-reversal
[14:42] {laserdave1} sometimes even i bring out the heavy ditu artillary
[14:43] {laserdave1} duty
[14:43] {GeoArb} what laserdave no long skf? :)
[14:44] {laserdave1} dcc geo
[14:44] {dino} sglp going to hold?
[14:45] {Threei} feels so
[14:46] {laserdave1} im long sglp
[14:46] {laserdave1} gonna soak a bit more up if front of big bid 14.26
[14:46] {laserdave1} hes my oout
[14:47] {laserdave1} hidding .42 INET
[14:47] {laserdave1} not getting hit
[14:47] {laserdave1} got 100 more
[14:48] {laserdave1} there we go
[14:48] {laserdave1} got 400 now
[14:48] {dino} ok in sm
[14:49] {laserdave1} he cancelled got out half
[14:50] {laserdave1} now he comes in higher
[14:50] {laserdave1} games
[14:50] {magoo} its me its me he he
[14:50] {laserdave1} your ubss
[14:50] {laserdave1} haha
[14:50] {laserdave1} stop it then
[14:50] {dino} stop is .08 fwiw
[14:50] {laserdave1} im loong again small shares
[14:51] {laserdave1} holding 14$ as stop
[14:51] {laserdave1} he got filled this time
[14:52] {dino} stopped
[14:52] {laserdave1} out
[14:52] {laserdave1} brutal slippage
[14:52] {laserdave1} will look for better entry
[14:53] {dino} 12.35
[14:53] {dino} what the heck is w/it?
[14:54] {laserdave1} no idea
[14:54] {laserdave1} but that slippage was not fun
[14:54] {Chaeron} 13.25 or 12.35?
[14:54] {Chaeron} lol
[14:54] {dino} 12.35
[14:54] {Chaeron} answwered
[14:54] {Threei} can't think of anything but belonging to energy sector
[14:55] {Threei} which by no means explains the scale of dump
[14:55] {dino} oh oh
[14:55] {laserdave1} ok in again
[14:55] {dino} c'mon back to 15
[14:56] {laserdave1} stopped
[14:56] {laserdave1} ok im not tradeing this anymore
[14:57] {magoo} god dammit maverick..get back in thhe fight lol
[14:57] {laserdave1} haha
[14:57] {laserdave1} slippage on this one real bad
[14:57] {magoo} qqqq looks like sell fgrom hell
[14:59] {dino} oh man, i long for the old days of drop 2.50 and bounce, this8-10 point stuff is hard to play
[15:00] {patience} too many cross currents
[15:01] {Threei} can't believe it
[15:02] {magoo} yeah..i haven't traded since lunch
[15:02] {magoo} can't figure it
[15:03] {patience} gut says down but who wants to crystal ball it
[15:03] {magoo} now naz bounces./..sheesh..harder than yesterday
[15:03] {magoo} u agrrre vader?
[15:04] {Threei} can't tell
[15:04] {Threei} a lot of wierd stuff happens
[15:05] {Threei} incredible, no single word anywhere on SGLP??
[15:06] {GeoArb} looks like ill have to check
[15:06] {Threei} whatever... scalped it
[15:06] {GeoArb} lol
[15:06] {Threei} lol
[15:07] {Threei} of course no it goes back 20
[15:07] {GeoArb} come vad you shouldnt blindly nmake money
[15:07] {GeoArb} you should spend all your time on why
[15:07] {Chaeron} yeah... open your eyes when you trade
[15:07] {magoo} REALLY wheres the call??????
[15:07] {Threei} no frikin way I'd call this thing
[15:08] {dptl} hoku?
[15:08] {magoo} anyone holding 500 shares of goog into bell?
[15:12] {magoo} sigh...no sense of humor in entire room
[15:13] {GeoArb} crap
[15:13] {GeoArb} i took your call
[15:14] {magoo} ROFLOL
[15:14] {GeoArb} :)
[15:14] {dino} poor magoo
[15:14] {magoo} into bell..reports tonite..it will go 50 points up or down
[15:14] {magoo} in a blink
[15:14] {magoo} i know..ask dino from last qtr
[15:15] {magoo} ouch
[15:15] {magoo} so painful i got a personnal phone call {and lecture} from laserdave
[15:16] {GeoArb} impressive
[15:17] {Threei} US HOUSE VOTES DOWN GOVT BILL THAT WOULD RESCIND UNDRILLED LEASES FROM THE OIL COMPANIES
[15:17] {dino} not when i have to listen to it
[15:19] {dino} out v .20, +.40
[15:24] {laserdave1} hey guys
[15:25] {laserdave1} not sure whats going on but they have to restart system again
[15:25] {laserdave1} will do full enquire after close with what happend today
[15:25] {laserdave1} this is second time
[15:25] {Chaeron} aaaaaaaaaaaaaaaaaaaaaaaaaarrg
[15:25] {Chaeron} oh... ok... I'm ok
[15:26] {laserdave1} im in again
[15:26] {laserdave1} log in asap
[15:26] {magoo} i out trying
[15:26] {magoo} In
[15:26] {Chaeron} in what? SGLP?
[15:26] {magoo} those b@st@rds :)
[15:27] {magoo} in laser, was bumped out
[15:28] {laserdave1} log in again
[15:28] {laserdave1} system had to go down for a minute
[15:28] {laserdave1} if lose executor
[15:28] {laserdave1} just log out and back in
[15:29] {Threei} SGLP
[15:29] {Threei} TRADING LOWER BY 43%; MOODY'S NOTES IT HAS DOWNGRADED PRIVATELY HELD SEMGROUP LP SENIOR UNSECURED RATING TO B1 FROM CAA1
[15:29] {Threei} - its unclear if the two Semgroups are related, but both are headquartered in Tulsa, OK.
[15:33] {dino} sglp toghten to .59
[15:33] {dino} tighten
[15:34] {dino} out slip, +1.19
[15:34] {Threei} wtg
[15:34] {GeoArb} nice
[15:34] {dino} lucky
[15:34] {patience} very nice dino
[15:34] {dino} nerve racking
[15:34] {GeoArb} i am all glazed over... but trust dino to chug along
[15:35] {dino} i've been starting rough geo
[15:35] {dino} afternoon come backs you know
[15:36] {dino} atvid
[15:40] {Threei} 11.01 FNM for scalp
[15:41] {magoo} in
[15:44] {Threei} nope
[15:44] {Threei} scratch it
[15:45] {Threei} GOOG earnings... who knows what it does to market
[15:45] {laserdave1} MAGOOOOOOOOOO
[15:45] {laserdave1} i gave u the warning
[15:45] {laserdave1} :)
[15:45] {laserdave1} dcc
[15:46] {magoo} uh oh
[15:55] {Threei} REPORTEDLY THE HOUSE MAY VOTE NEXT WEEK ON FORCING RELEASE OF OIL FROM SPR
[15:55] {Threei} why?
[15:55] {Threei} is there shortage of oil?
[15:56] {cosmo} it leaks anyway
[15:56] {Threei} oh
[15:56] {cosmo} that's why they have to keep filling it...
[15:56] {Raven} 3 sigh
[15:56] {Threei} lol
[15:56] {cosmo} oops
[15:58] {Threei} interested to have a look at GOOG but not going to play anything off it
[15:59] {dptl} have a good evening all:)
[15:59] {Threei} take care dp
[15:59] {Threei} oil under 130... that makes my day
[15:59] {Threei} under 80 will make my year
[16:00] {laserdave1} get ready goog
[16:01] {Threei} Pelosi: offshore drilling is off the table
[16:01] {Threei} GOOG
[16:01] {Threei} REPORTS Q2 $4.63 V $4.74E
[16:01] {magoo} 40 ppoints
[16:01] {Threei} R $3.9B (EX-TAC) V $3.87BE
[16:03] {magoo} i said 50 points
[16:03] {magoo} no not which way was prob
[16:03] {Threei} that was fun to watch
[16:03] {Threei} ok guys, thank you all
[16:04] {Threei} have a great evening, see you tomorrow
[16:04] {Chaeron} thanks again Threei
[16:04] {magoo} bye vad
[16:04] {Chaeron} Dave, thanks for the help
[16:04] {magoo} ty
[16:04] {Chaeron} oh and magoo?
06[16:04] * Chaeron slaps magoo around a bit with a large trout

July 16 2008

[08:27] {Threei} FRE
[08:27] {Threei} TO ISSUE NEW $3B 2-YEAR REFERENCE NOTES SECURITY, INCREASED 4.875% 10-YEAR USD REFERENCE NOTES SECURITY THAT MATURES ON JUNE 13, 2018, BY $1B
[08:37] {Threei} SATC
[08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[08:38] {Threei} *JUN CONSUMER PRICE INDEX M/M: 1.1% V 0.7%E; CPI EX FOOD_ENERGY M/M: 0.3% V 0.2%E; CPI NSA: 218.815 V 217.903E
[08:38] {Threei} - CPI y/y: 5.0% v 4.5%e, Highest since April 1991
[08:38] {Threei} - Core CPI y/y: 2.4% v 2.3%e
[08:42] {peterg} hi
[08:43] {Threei} good morning peter
[08:48] {esemde} good Ontario morning.......couple of more days on the lake and will be back with you all full time next week...how are ya????
[08:49] {Threei} good morning ese :)
[08:49] {esemde} vad}}}}!!!!!
[08:49] {Threei} we are good... unlike most summers, far from bored
[08:49] {esemde} pourqoi
[08:50] {Threei} now and then my darts hit target precisely and I do my best pretending it's my genius
[08:50] {Threei} (no one believes but what else is new)
[08:50] {peterg} dumped--im back
[08:50] {esemde} thats Ok Vad....I believe you!
[08:50] {Threei} :)
[08:50] {Threei} how's your vacation going?
[08:51] {esemde} great!!!!!! I realy miss lake of the woods...
[08:51] {Threei} mosquitos don't spoil it?
[08:52] {esemde} weather has not been all that great and the mosquitos have indeed been feasting on me
[08:52] {Threei} hate peaky creatures...
[08:53] {esemde} lots of family get togethers....thats has been really enjoyable.....it's also been very neat watching my kids play in all the places i used to play in whaen i was a kid
[08:54] {Threei} must be a blast :)
[08:54] {esemde} indeed!!!!!!
[08:58] {judijim} good morning all, hi to ese on vacation, sounds great
[08:58] {Threei} jj :)
[08:58] {esemde} it is indeed JJ
[08:58] {esemde} morning
[08:59] {peterg} vad: whats JBD/DBI 5 on intellescan?
[08:59] {esemde} gonna follow you all for a little bit then it's off to a place called Rushing River....great swiming hole
[08:59] {Threei} I love the place ese
[08:59] {Threei} been there several times
[09:00] {esemde} been along time for me Vad maybe 30 some years
[09:00] {Threei} peter, don't remember honestly... gotta look into configuration to remember what it aims for... it's a very active window, trend following setup
[09:01] {Threei} usually produces some alerts even when everything else is dead
[09:01] {peterg} just trying to distinguish it from regular DBI and JBE
[09:01] {Threei} it takes into considerations several days of consolidation
[09:01] {Threei} (if I remember correct)
[09:01] {Threei} regular JBE/DBI is pure intraday chart formation
[09:02] {peterg} ok
[09:02] {peterg} tks
[09:02] {Threei} best way to evaluate it is to watch its alerts for a while, look at the charts
[09:03] {Threei} see if it produces configurations you like
[09:03] {Threei} for inner mechanics of it just go to Configuration and see which alerts and parameters are there
[09:03] {peterg} I think it's optimistic to think one (this one) can become trader in one year
[09:04] {Threei} well... define "becoming a trader"
[09:04] {peterg} yeah---
[09:04] {peterg} greater confidence,
[09:04] {Threei} I know people who made it to consistency in less than one year
[09:04] {Threei} and I know people who never made it
[09:05] {peterg} ok ill stop complaining & get to work
[09:05] {Threei} what I don't know is people who became consistently profitable from the get go
[09:05] {Threei} or in a month-two
[09:05] {Threei} just doesn't happen
[09:06] {peterg} I joined trading room when I recognized I had no idea what I was doing
[09:06] {Threei} always was amazed seeing those who tried for a month or two, then said "it can't be done" and abandoned it
[09:06] {Threei} as if it was some easy gig, not a profession
[09:07] {Threei} well, after following the room for couple months, do you feel you gained in understanding?
[09:07] {peterg} yep, that is fantasy #1
[09:07] {peterg} yes to question; beginning of idea of understanding
[09:07] {peterg} feel at the base of large mountain
[09:07] {Threei} then things progress in right direction
[09:07] {peterg} I think so
[09:08] {Threei} some find it impossible to overcome inner resistance to the very approach we preach
[09:08] {Threei} their idea of "market can be figured out" makes them uncomfortable with our idea of
[09:08] {Threei} "it can't, and for successful trading it doesn't to"
[09:09] {Threei} doesn't have to
[09:09] {Threei} so they go on trying to find absoulte formula for success
[09:09] {Threei} where they will be able to know exactly what happens next
[09:09] {cosmo} baseball cards?
[09:09] {Threei} have no losing trades
[09:10] {peterg} Yes, it would be nice to be a genius and know everything in advance, the Einstein of it all.
[09:10] {Threei} winning all the money in da world
[09:10] {peterg} and baseball cards
[09:11] {Threei} it's so tempting to think that if you found some numbers on internet showing how muchg of demand there is and how much supply there is, you know where the price is going to move
[09:11] {Threei} false comfort of "knowing"... like siren song
[09:12] {Threei} never what it promises to be yet not many avoided its irresistible temptation
[09:12] {peterg} that is why people are piling into SATC?
[09:12] {Threei} it had news :)
[09:12] {dino} gm all
[09:12] {Threei} [08:37] {Threei} SATC
[09:12] {Threei} [08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[09:12] {Threei} dino :)
[09:13] {cosmo} JAVA
[09:13] {fernp} Good morning
[09:13] {Threei} fern :)
[09:13] {magoo} morning
[09:14] {cosmo} Java = Sun offers upbeat Q4 forecast
[09:14] {Threei} magoo :)
[09:14] {cosmo} JAVA that is
[09:15] {pita} morning all
[09:15] {Threei} JUNE INDUSTRIAL PRODUCTION: 0.5% V 0.1%E; CAPACITY UTILIZATION: 79.9% V 79.4%E
[09:15] {dptl} good morning all
[09:15] {Threei} pita :)
[09:15] {Threei} dp :)
[09:16] {dino} and all is well in the world today i see
[09:16] {Threei} for the next 15 minutes at least
[09:17] {brian3579} gm all
[09:19] {Threei} brian :)
[09:23] {dino} gm brian
[09:32] {Threei} JASO half lot long .90 break
[09:32] {Threei} if stays above .70
[09:33] {magoo} in .89
[09:34] {Threei} SOLF half lot long .90 break if stays above .80
[09:35] {magoo} in solf .90
[09:35] {magoo} in csiq .99
[09:37] {magoo} csiq stopped -.30
[09:37] {Threei} no go JASO
[09:37] {magoo} no go solars is what happened
[09:37] {Threei} or rinse
[09:39] {patience} out TD, +.39
[09:39] {Threei} NUAN
[09:39] {Threei} .32 break long
[09:39] {Threei} if stays above .20
[09:42] {Threei} VNDA??
[09:43] {Threei} anyone sees news?
[09:44] {fernp} nothing here
[09:44] {hawkfan4} nope
[09:44] {Threei} someone leaned on buy button accidentally then...
[09:44] {cosmo} CWTR salmon
[09:44] {Threei} or hyped somewhere
[09:44] {cosmo} 6.05 ladder
[09:44] {Threei} 50 cents spike on $3 stock
[09:46] {Threei} NUAN over 1:1
[09:46] {Threei} while market is dropping
[09:46] {cosmo} CWTR needs to hold 5.95 imo
[09:47] {Threei} SQNM will never stop?
[09:47] {Threei} goes to infinity?
[09:47] {hawkfan4} and beyond
06[09:48] * Threei puts short order at Beyond
[09:49] {Threei} half out NUAN
[09:49] {Threei} .54
[09:49] {peterg} interesting-i chickened out of NUAN before the jump
[09:50] {peterg} did not letprofit run
[09:50] {pita} me too
[09:50] {Threei} well, letting profits run is not an universal proposition
[09:51] {Threei} it's just that in this case NUAN acts as salmon
[09:51] {Threei} which made me hold on for more
[09:51] {peterg} yum yum
[09:51] {peterg} up salmon ladder
[09:51] {Threei} coho
[09:51] {Threei} (not a stock symbol)
[09:52] {cosmo} cwtr
[09:52] {Threei} offering 1/4 more at .69
[09:52] {Threei} stop at b/e
[09:53] {dino} v sm l .15
[09:53] {Threei} FNM
[09:53] {Threei} TICKING HIGHER, HEARING UPGRADED TO NEUTRAL FROM SELL RATING AT GOLDMAN SACHS (TIMING UNCERTAIN)
[09:53] {Threei} Goldman feels especially generous today?
[09:54] {Threei} upgrading all kinds of crap
[09:54] {Threei} WHITE HOUSE: BUSH HAS CONFIDENCE IN BERNANKE
[09:54] {Threei} "good job bernie"?
[09:55] {hawkfan4} lol
[09:55] {dino} rimm sm l .75
[09:57] {dino} gs being investigated for shorting fnm, fre, so hey, lets upgrade it for the gov't
[10:02] {Threei} out NUAN in full
[10:02] {Threei} .86 last portion
[10:03] {Threei} +.52
[10:03] {Threei} (took me a while to calculate)
[10:03] {Threei} JASO rinsed us
[10:04] {Threei} FED'S BERNANKE: REITERATES THAT UPSIDE RISKS TO INFLATION HAVE INTENSIFIED, SEES SIGNIFICANT DOWNSIDE RISKS TO GROWTH, CONSUMER SPENDING LIKELY TO BE RESTRAINED OVER COMING QUARTERS
[10:04] {Threei} - Note that Bernanke's comments this morning are the same as those offered yesterday.
[10:05] {Threei} FNM, want long on pullback to 8.20 area
[10:05] {Threei} FRE 6.10 area
[10:11] {Threei} in FNM
[10:11] {Threei} stop under 8
[10:14] {Threei} half out .25 +.13
[10:15] {Threei} stop to 8.05
[10:15] {Threei} out
[10:27] {dino} sm l rick .33
[10:31] {Threei} SQNM... told ya... to the moon
[10:31] {magoo} did u take it?
[10:31] {Threei} nope
[10:35] {Threei} DOE CRUDE: +5.1M V -2ME;
[10:35] {Threei} GASOLINE: +2.4M V -100KE; DISTILLATES: +3.2M V +1.8ME;
[10:36] {Threei} mama mia
[10:36] {Threei} look oil
[10:38] {hawkfan4} it's a beautiful thing
[10:38] {Threei} UAUA skyrocketed
[10:39] {dino} v out .95, +.75
[10:39] {dino} opps +.80
[10:40] {hawkfan4} airline stocks are flying
[10:40] {dino} good one
[10:41] {Chaeron} Good morning everyone... nice on that last trade dino
[10:41] {Threei} chaeron :)
[10:41] {hawkfan4} thank you, i'll be here all week
[10:50] {dino} ty chaer
[10:56] {GeoArb} anyone playing grmn?
[10:57] {dino} n
[10:57] {GeoArb} nice jbe
[11:02] {dino} what did you call me
[11:02] {Threei} lol
[11:03] {Threei} pita, look dcc please
[11:08] {GeoArb} anyone take grmn?
[11:11] {dino} fitb
[11:13] {dino} wow destroying oil, gas, and drillers
[11:20] {dino} rimm stopped .71, .96
[11:21] {magoo} nice
[11:22] {dino} ty
[11:25] {dino} csgp
[11:34] {magoo} vad, is it slow out there or just me?
[11:35] {Threei} very
[11:35] {Threei} market is trying to sort oil out
[11:36] {Threei} even financials took backseat for now
[11:36] {Threei} major question become, will oil rebound or down is its major theme now
[11:36] {GeoArb} thank you all..... off to work... GRMN was the billpayer today :)
[11:36] {Threei} wtg geo
[11:36] {Threei} love to see your progress
[11:37] {GeoArb} thanks
[11:37] {Threei} amazing what a few short months can accomplish
[11:37] {GeoArb} well did take the superlicous secret accelerated class
[11:38] {Threei} lol
[11:39] {Chaeron} "superlicious"?
[11:39] {GeoArb} i am just hungry
[11:40] {GeoArb} and off course grmn went another 80 cens after exit
[11:43] {dino} gj geo
[11:45] {magoo} nice geo..slap??
[11:45] {GeoArb} nah... nothing like yesterday
[11:46] {GeoArb} only 486
[11:46] {Threei} cry me a river
[11:46] {GeoArb} lol]
[11:46] {GeoArb} that was bait
[11:47] {Threei} FED'S BERNANKE: BETTER FOR USD AND US PROSPERITY IF MORE OIL WERE PRODUCED DOMESTICALLY, A 1% INCREASE IN OIL SUPPLY COULD CUT OIL PRICES BY 10%
[11:47] {Threei} gosh, let's drill already
[11:48] {Chaeron} so a 10% increase would cut....?
[11:48] {Threei} 100% of course
[11:48] {Chaeron} FREE GAS TO EVERYONE!!!!
[11:48] {Threei} free oil in every pot
06[11:48] * Threei prepares 3 pots
[11:55] {Threei} UAUA... maybe bounce time with oil retreating again
[11:55] {Threei} just a scalp
[12:18] {Threei} feel free to take UAUA scalp
[12:20] {Threei} any takers?
06[12:21] * Threei prepares to remove himself to remote mountain monastery for 2 years of intense navel-gazing
[12:21] {hawkfan4} i did, thx vad :) half sleeping
[12:22] {dino} i hope it's not your navel your gazing at
[12:24] {Threei} hawk :)
[12:24] {Threei} I think monastery provides navels for gazing dino
[12:27] {Threei} be back in 30 min, got little errand to run
06[12:47] * Chaeron slaps laserdave1 around a bit with a large trout
[13:02] {Threei} back
[13:02] {magoo} missed ya
[13:02] {Threei} didn't miss much I see
06[13:02] * Threei slaps laserdave1 around a bit with a large trout
[13:03] {Threei} *JULY NAHB HOUSING MARKET INDEX: 16 V 18E, A RECORD LOW FOR INDEX
[13:05] {dino} cedc sm l .08
[13:05] {dino} brb
[13:18] {peterg} was there any way to have read RIMM today for long?
[13:18] {Threei} in most cases RIMM is market follower
[13:19] {Threei} long rwead on market takes you to RIMM as trading candidate 9 times out of 10
[13:19] {peterg} so no volume/price read
[13:19] {Threei} the best case is when you get read on the market and RIMM has its own readable trigger
[13:20] {Threei} remember yesterday's call on RIMM?
[13:20] {Threei} when I said I feel market was ready to charge
[13:20] {peterg} yes
[13:20] {Threei} and gave exact entry on RIMM
[13:20] {Threei} it had clear resistance level
[13:20] {Threei} that indicated upward if broken
[13:20] {Threei} at the same time answering question on AAPL I said
[13:21] {Threei} it will follow the market but it has no own merit
[13:21] {Threei} that was exactly what transpired:
[13:21] {Threei} RIMM went off its trigger, AAPL just went with market
[13:21] {Threei} so, today's RIMM hart is like AAPL yesterday
[13:21] {Threei} followed market but had no its own formation to go of
[13:22] {Threei} it doesn't mean those are untradable,
[13:22] {Threei} they are,
[13:22] {Threei} you just need to go with them as you gain a feel for how they move with market
[13:22] {Threei} I don't have anything to call them of
[13:22] {Threei} and there is no need really,
[13:22] {Threei} market goes, they go
[13:23] {peterg} market followers
[13:23] {Threei} sheep
[13:36] {dino} cedc stopped -.40
[13:37] {laserdave1} hey guys
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {laserdave1} aapl acting a bit funny here
[13:38] {magoo} up or down?
[13:38] {laserdave1} it was strong relative to market but now buyer looks like he dissapeared
[13:38] {laserdave1} so now no call
[13:39] {laserdave1} market might roll over as well
[13:39] {laserdave1} going to keep an eye on it
[13:42] {laserdave1} have been piecing out of my long
[13:42] {laserdave1} starting to look so random again
[13:42] {laserdave1} will probably just follow the market
[13:42] {magoo} rimm seems stronger
[13:42] {laserdave1} sorry for the false alarm
06[13:42] * Threei slaps laserdave1 around a bit with a large trout
[13:44] {laserdave1} wow mags
[13:44] {laserdave1} thats stock is a bit crazy as well
[13:44] {laserdave1} i have no comment on where its going
[13:44] {laserdave1} chart looks strong
[13:45] {laserdave1} i am just ready for amove into the close in the markets
[13:45] {magoo} scalpin here....long rimm .14 just now
[13:45] {magoo} waiting .47
[13:50] {laserdave1} rimm is strong relative to market
[13:50] {laserdave1} stil have no call
[13:50] {laserdave1} but market goign down
[13:50] {laserdave1} and its going up
[13:50] {magoo} OUT
[13:51] {magoo} .47
[13:51] {laserdave1} i jsut got in
[13:51] {Chaeron} nice one magoo
[13:51] {laserdave1} woop 200 shres
[13:51] {laserdave1} long at .40
[13:51] {magoo} bought m,ine ??lol
[13:51] {laserdave1} ha
[13:51] {laserdave1} maybe
[13:51] {laserdave1} im out now
[13:51] {laserdave1} .69
[13:51] {laserdave1} woop
[13:51] {laserdave1} ty mags
[13:51] {laserdave1} quick 60$
[13:52] {peterg} took phone call missed all the fun
[13:52] {laserdave1} nice to take it real fast with this beast
[13:52] {laserdave1} stock can get so carazy
[13:53] {magoo} l aapl here .41
[13:54] {magoo} waiting .74
[13:54] {magoo} out here
[13:55] {magoo} +.33
[13:56] {Chaeron} nice job guys
[13:58] {laserdave1} ya nice one mags
[13:58] {laserdave1} i didnt get your aapl
[13:59] {laserdave1} will keep an eye on Rimm
[13:59] {laserdave1} see if it can break 110 today
[13:59] {magoo} fyi...i am only doing 300 400 shares on these....stop i 200 bux down{wide to avoid rinse} and scalping quick
[14:00] {Threei} MINUTES OF THE JUNE 25 FOMC MEETING: FAVORED RATE RISE VERY SOON
[14:00] {Threei} fomc on wires, be careful
[14:00] {Threei} market is very sensitive to news
[14:01] {dino} risky, sm s cpla .94
[14:01] {Threei} GROWTH RISKS DIMISHING, INFLATION RISKS RISING
[14:02] {Threei} FED'S HOENIG: IMPORTANT TO REMOVE MONETARY POLICY ACCOMIDATION IN GOOD TIME, FED TAKES ITS DUAL MANDATE
[14:02] {Threei} SERIOUSLY
[14:02] {Threei} - Notes current policy raises risk of higher inflation, more concerned with inflation than previously
[14:02] {Threei} - Growth risks still 'tilted' to downside, Monutues signal no change in rates in the near term
[14:02] {Threei} - Fed's Fisher was concerned about business plans abilities to pass through input prices and the effects on inflatio
[14:07] {laserdave1} rimm
[14:07] {laserdave1} crazy
[14:07] {magoo} careful though cause usually follows mkt
[14:07] {magoo} stronger today
[14:07] {magoo} if mkt tanks aapl, rimm, bidu all will follow
[14:08] {magoo} qqqq chart looks scary here
[14:08] {laserdave1} qqqq is scary
[14:08] {laserdave1} if market turns up rimm will explode
[14:09] {laserdave1} but qqqq does look ugly
[14:12] {laserdave1} im all out now
[14:12] {laserdave1} dang
[14:12] {laserdave1} wanted a big one
[14:12] {laserdave1} when it stalled ddint want to take chance
[14:12] {laserdave1} now its ripping
[14:12] {laserdave1} still good trade
[14:12] {magoo} long aapl
[14:12] {laserdave1} but...........
[14:12] {magoo} it should catch up
[14:12] {magoo} .75
[14:13] {Threei} LEH, worth a try long on pullback
[14:13] {Threei} .15 closest support
[14:14] {Threei} - Concerned about leaving rates low for too long. Current policy is raising the risk of higher inflation.
[14:14] {Threei} - Rate policy must "walk a fine line" between encouraging growth and discouraging inflation. If rates stay above 2% for too long, inflation will build.
[14:14] {Threei} - High commodity prices contribute to inflation in a situation where policy is accommodative.
[14:14] {Threei} - The sizable decline in the dollar is helping the US avoid recession, may avoid recession completely. USD decline has stimulated a boom in exports.
[14:14] {Threei} - The US is not repeating the mistakes of the 1970s, but notes today's situation is different, especially since inflation expecations are anchored.
[14:14] {Threei} - Expects both headline and core inflation to rise over the coming months. Fed must monitor inflation and inflation expectations closely.
[14:14] {Threei} - Sees GDP growth of 1-1.5% in 2H, expects Q3 growth will be helped by the fiscal stimulus, sees noticable softening in Q4.
[14:14] {Threei} - Asserts that the Fed takes its mandate very seriously, will maintain a stale economy and low inflation.
[14:15] {magoo} aapl 171 plus easy
[14:16] {magoo} out here .17
[14:16] {laserdave1} very nice
[14:16] {magoo} plus .42
[14:16] {laserdave1} was gonna pound oos for a quickie
[14:16] {laserdave1} missed it
[14:16] {laserdave1} nice trade
[14:17] {magoo} huh?
[14:17] {laserdave1} was talking your aapl
[14:17] {laserdave1} u called it
[14:17] {magoo} when?
[14:17] {laserdave1} was going to pound in at 00s
[14:17] {laserdave1} well u said 171 easy
[14:17] {magoo} he he
[14:17] {laserdave1} so i put it on radar
[14:17] {laserdave1} would of been out already
[14:17] {laserdave1} for tha leg up
[14:17] {laserdave1} they took offer really fast
[14:17] {magoo} 14:12] {magoo} long aapl
[14:17] {magoo} [14:12] {laserdave1} but...........
[14:17] {magoo} [14:12] {magoo} it should catch up
[14:17] {magoo} [14:12] {magoo} .75
[14:17] {magoo} [14:13] {Threei} LEH, w
[14:18] {laserdave1} ya Vad i had bid in on LEH but it did not pull back enough
[14:18] {laserdave1} your right now its moving
[14:18] {laserdave1} man lots of $$ oout here
[14:18] {Threei} .23 was the best chance
[14:18] {laserdave1} ya i was at .16
[14:19] {laserdave1} then moved up to .21 when i saw mass bid at .20
[14:19] {Threei} too optimistic
[14:19] {laserdave1} but no love
[14:19] {laserdave1} market so crazy
[14:20] {magoo} thats the pronblem
[14:20] {laserdave1} a bit ago rmemaber it looked like it was going to roll over
[14:20] {laserdave1} and then they ram it to new highs
[14:20] {laserdave1} thats why i like the real quick scalps
[14:20] {magoo} usually i'd let aapl run cause felt it had more..but mkts been brutal..want my 100 bux
[14:20] {laserdave1} i hear ya there
[14:21] {magoo} see..if IF mkt continues into bell aapl probably 173
[14:21] {magoo} NOT A TRADE..but feeling
[14:22] {laserdave1} Vad your LEH hit .55
[14:22] {laserdave1} wow
[14:23] {magoo} nice having u here with trade ideas dave:)
[14:23] {laserdave1} :)
[14:23] {Chaeron} I agree magoo
[14:25] {magoo} miss the big guy he he
[14:26] {magoo} 172 comith
[14:26] {magoo} in .75
[14:26] {magoo} risky
[14:28] {magoo} no go..mkt killed it
[14:30] {Threei} hate to look at JASO and SOLF
[14:30] {Threei} both rinsed us then proceeded tio highs
[14:30] {laserdave1} watching rimm for break of 111
[14:31] {laserdave1} will only get in on the break
[14:31] {laserdave1} not now
[14:31] {laserdave1} if u like jaso on a pullback at some point Vad please let us know
[14:34] {laserdave1} trying to sell .19
[14:34] {laserdave1} oout
[14:34] {magoo} i went but missed 111
[14:34] {laserdave1} that was rimm on that break
[14:34] {laserdave1} couldnt type happened so fast
[14:35] {laserdave1} ya it went fast mags
[14:37] {magoo} good fill u had......what platform u use ?
[14:37] {magoo} he he
[14:37] {Threei} lol
[14:37] {Threei} look at LEH go
[14:37] {Threei} and dave saved 2 cents
[14:39] {laserdave1} haha nice one mags :)
[14:39] {dino} cpla stopped bad short
[14:40] {magoo} aapl 172 comith risku
[14:43] {magoo} out here .17, + 42
[14:43] {magoo} dam..wish i wasn't scalpin
[14:43] {magoo} anyone following my calls?
[14:44] {magoo} very fast like vads says
[14:44] {Threei} I don't say anything fast... I like to pretend I think as I speak
[14:44] {Threei} so I talk slowly
[14:45] {Threei} (gives me a chance to take a nap between words, too)
[14:45] {cosmo} ah ... like Hitchcock...
[14:46] {cosmo} alfred
[14:46] {Threei} {--- pretending to think
[14:46] {Threei} yes
[14:46] {magoo} hes more like BORAT
[14:46] {cosmo} of course
[14:46] {Threei} like him
[14:46] {Threei} and no
[14:46] {Threei} not like that one
06[14:46] * magoo slaps patience around a bit with a large trout
[14:47] {cosmo} sometimes this keyboard is my saving grace
[14:47] {cosmo} i have time to think
[14:47] {Threei} how?
[14:47] {Threei} ah
[14:47] {magoo} scary QQQQ here again
[14:47] {cosmo} makes for better office politics
[14:48] {magoo} to sell off into last hour seems to easy
[14:48] {magoo} thats what has been happenning
[14:48] {magoo} feels diferent today
[14:48] {Threei} true
[14:49] {Threei} I still reserve judgement for another 15 min or so
[14:49] {Threei} but so far, I agree with you
[14:49] {cosmo} i say 40
[14:49] {magoo} then let me know BORAT
[14:49] {Threei} I'll have to edit this crap out, you know
[14:50] {Threei} soooo... stop adding after-hours work for me please
[14:50] {cosmo} oh wait... thats for capitulations....yeah , anytime now is fine
[14:51] {Threei} COX STATING ON CNBC THAT NAKED SHORT-SELLING NOT ALWAYS ILLEGAL. APPLYING NEW RULE FOR SPECIFIC FINANCIAL STOCKS IN 5 DAYS.
[14:51] {Threei} - says short sale rule will give investors confidence and that the emergency rule will not be a burden on the system
[14:51] {Threei} - notes it will apply to only 17 financial stocks beginning 5 days from now; reiterates the new rule will be in effect for 30 days and SEC will look into whether its appropriate to expand the rule marketwide
[14:52] {cosmo} there's certain beaches where they have it
[14:52] {Threei} FRE is fighting for new highs
[14:53] {Threei} 6.40 closest support
[14:53] {laserdave1} lol cosmo
[14:53] {Threei} watching for entry for bounce scalp
[14:54] {Threei} dave just assured me he has no plans to implement anylimitations on naked shorting, mnostly because it's largely uneforcable
[14:54] {laserdave1} in .41 Vadd
[14:54] {laserdave1} selling .47
[14:54] {Threei} he has no means to control what we wear
[14:54] {laserdave1} didnt get it
[14:54] {laserdave1} out
[14:55] {laserdave1} ty
[14:55] {Threei} tajust take it here with stop under .40
[14:55] {Threei} oh, good
[14:55] {laserdave1} quick 60
[14:55] {laserdave1} ty
[14:55] {Raven} 3 {}
[14:55] {Threei} I thought you haven't gotten in
[14:55] {laserdave1} coulda held for more
[14:55] {laserdave1} no i got it
[14:55] {laserdave1} coulda had more
[14:55] {laserdave1} should of asked u about exit
[14:55] {laserdave1} still happy
[14:56] {dino} wow ma
[14:56] {laserdave1} today good day
[14:56] {dino} should've held that v from a.m.
[14:56] {Threei} I missed .41 while talking to you, took it higher... but got better exit
[14:56] {laserdave1} and i mean when your getting good ol loving from Vad......who could ask for more?
[14:56] {laserdave1} nice
[14:56] {cosmo} btw, naked shorting should be ok until our monitors 'must' look back
[14:57] {magoo} i ask for mmore all the time, right vad??
[14:57] {magoo} feeling more like 173 today, not in....yet
[14:57] {Threei} yes but it doesn't bother me much ever since I learned to ignore you {GG}
[14:58] {Threei} .40 worked like charm for FRE
[14:58] {Threei} hit it precisely andf bounced right on cue
[14:58] {laserdave1} ya that was perfect entry
[15:00] {Raven} 3 keep calm cosmo :)
[15:01] {cosmo} i just lay low
[15:01] {Raven} 3 wise man
[15:01] {cosmo} especially during full moons
[15:01] {Raven} 3 ohmygod
[15:01] {cosmo} goddes
[15:01] {Raven} 3 yur killin' me
[15:06] {magoo} and im slappin u lol
06[15:06] * magoo slaps Raven around a bit with a large trout
[15:08] {dino} out rick .83 +.50 all day
[15:08] {Raven} 3 lol
[15:12] {Threei} wtg dino
[15:12] {Threei} 6.60 nearest FRE support now
[15:14] {Threei} in .58, just a small scalp
[15:15] {Threei} out
[15:15] {Threei} easy money
[15:20] {Threei} underestgimated its strength
06[15:26] * Threei slaps laserdave1 around a bit with a large trout
[15:26] {Threei} fix those charts will ya
[15:26] {magoo} all my chart servers down
[15:26] {magoo} anyone good?
[15:27] {GeoArb} i am always good
[15:27] {laserdave1} mine are fine
[15:27] {GeoArb} (boy)
[15:27] {laserdave1} try changeing them again
[15:28] {magoo} all bad
[15:28] {Threei} they restarted but no backfill
[15:29] {magoo} which one u using?
[15:29] {Threei} anyway... 7 break is very risky long FRE
[15:29] {magoo} in
[15:30] {laserdave1} mine went messed up
[15:30] {laserdave1} server 5 is good for me
[15:30] {Threei} nope
[15:30] {Threei} 5th shows 14:01 as last price
[15:30] {magoo} out .14 TY
[15:30] {Threei} take propfit mags
[15:30] {Threei} :)
[15:31] {magoo} .14 on halfer
[15:31] {magoo} nice easy button worthy
[15:31] {magoo} ok dave server
[15:33] {laserdave1} 5 had a stale chart
[15:33] {laserdave1} now on 3 and its perfect
[15:33] {Threei} 3's good
[15:33] {magoo} oh yes..3 good TY
[15:33] {laserdave1} np
[15:34] {dino} chk sm l .22
[15:40] {laserdave1} fre wants to go higher
[15:40] {laserdave1} wow
[15:41] {laserdave1} big size at the .25
[15:41] {laserdave1} if it takes it i will go long
[15:41] {laserdave1} taking last bits if i can time it
[15:41] {laserdave1} ubs showing 1866 there
[15:42] {dino} out chk .67, +.45
[15:42] {laserdave1} in
[15:42] {laserdave1} stop at .20
[15:42] {laserdave1} violence in this thing
[15:43] {laserdave1} selling .24 if i can
[15:43] {laserdave1} stopped
[15:43] {laserdave1} dang
[15:43] {laserdave1} the games
[15:43] {dino} the game, nothing quite the same
[15:43] {dino} all that matters is the game
[15:44] {cosmo} and the back office...
[15:45] {dino} magoooooooo, a beverage is needed, tee time in 45
[15:47] {dino} twislers are underrated
[15:47] {laserdave1} with the way FRE is trading
[15:47] {laserdave1} ya its needed
[15:47] {laserdave1} its called tequilla
[15:48] {dino} cabo or petrone
[15:48] {dino} cabo in my freezer
[15:51] {magoo} c'mon aapl...173 and vad gives magoo free month
[15:56] {dino} ok calling it a day, thx all, good one
[15:56] {Threei} thank you all
[15:56] {Threei} have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {dptl} have a good evening all
[15:56] {hawkfan4} thanks all, good day
[15:57] {magoo} TY vad..good day here
[16:00] {laserdave1} c ya tomorrow guys
[16:00] {laserdave1} good day
[16:00] {laserdave1} :)
[16:00] {magoo} u gonna be in room more often dave??
[16:00] {magoo} help with ideas..get some from us

Jul 15 2008

Session Time: Tue Jul 15 00:00:00 2008

[08:00] {Threei} ESLR
[08:00] {Threei} HALTED: SIGNS $1.2B SALES CONTRACT, THROUGH 2013, BACKLOG AT $3B WITH FIVE CUSTOMERS
[08:00] {Threei} - Signed a new long-term sales contract valued at approximately $1.2 billion with German-based IBC SOLAR AG. This contract extends through 2013 and brings the company's total contractual backlog to nearly $3 billion with 5 customers.
[08:00] {Threei} - The solar panels for these take-or-pay contracts will be manufactured at the Company's new 160 MW facility in Devens, Massachusetts, which opened in June, and at the Company's next factory, which is expected to open in 2010. To date, the Company has contracted approximately 70 percent of Devens expected capacity through 2010 and all of Devens capacity in 2011 through 2013.
[08:13] {Threei} Heard on the Street looks at the US government's plan for Fannie Mae and Freddie Mac - WSJ
[08:13] {Threei} - The article notes that Paulson made clear that the stock market losses of Fannie and Freddie would not prevent them from issuing debt.
[08:13] {Threei} - The WSJ notes that on Monday, the cost of insuring the debt of the two GSEs fell.
[08:13] {Threei} - The article note that dilution fears and concerns about government intervention could weigh on any future share sales by Fannie and Freddie.
[08:13] {Threei} - The article notes that it is most likely the government will seek to take a direct stake in the GSEs through a preferred issue with special rights because this will maintain the perception that the two companies are still owned by its shareholders.
[08:13] {Threei} - If the government acquires shares in the GSEs, it could seek to be paid a lower than market interest rate or defer payments until the companies are in better financial condition.
[08:13] {Threei} - WSJ notes that the Treasury still needs to address the capital issue of Fannie Mae and Freddie Mac because if it does not funding could again become an issue and possibly force Paulson to come up with an actual nationalization plan.
[08:30] {Threei} UN ADVANCE RETAIL SALES: 0.1% V 0.4%E;
[08:30] {Threei} LESS AUTOS: 0.8% V 1.0%E
[08:30] {Threei} - Prior Advance Retail Sales revised from 1.0% to 0.8%
[08:31] {Threei} UN PRODUCER PRICE INDEX M/M: 1.8% V 1.4%E; PPI EX FOOD_ENERGY M/M: 0.3% V 0.3%E
[08:31] {Threei} - PPI YoY: 9.2% v 8.7%e
[08:31] {Threei} - PPI Ex Food_Energy YoY: 3.0% v 3.2%e
[08:31] {Threei} JUL EMPIRE MANUFACTURING: -4.9 V -8.0E
[08:31] {Threei} - Prior revised from -8.7 to
[08:31] {Threei} - No Revisions
[08:31] {Threei} - Prices Paid : 77.89 v 66.3 prior m/m
[08:33] {hawkfan4} morning
[08:34] {Threei} hawk :)
[08:34] {Threei} FRE/FNM look like death spiral continues
[08:34] {Threei} ESLR gap... doesn't trade very enthusiastically
[08:34] {Threei} which is to be expcted in this climate
[08:40] {Threei} PRESIDENT BUSH TO HOLD NEWS CONF AT 10:20AMET
[08:56] {cosmo} any bets he pumps solar?
[08:57] {Threei} no bets at all these days
[08:57] {Threei} tings change on minute by minute basis
[08:57] {peterg} gm team.
[08:58] {Threei} peter :)
[08:58] {cosmo} any bets he pumps off-shore?
[09:00] {Raven} 3 nice cosmo :)
[09:02] {cosmo} i try...
[09:02] {Raven} 3 excellent
[09:02] {cosmo} meds help
[09:03] {Raven} 3 never use them ...
[09:03] {cosmo} ah...there's room for improvement...
[09:04] {Raven} 3 prolly happen any day ...
[09:04] {cosmo} yea....percentages say so
[09:05] {Raven} 3 I know ... sigh
[09:05] {Threei} FRE is forming C&H with 6.05 resistance to break
[09:06] {GeoArb} gm
[09:06] {Threei} Geo :)
[09:07] {dptl} good morning all
[09:07] {Threei} dp :)
[09:07] {cosmo} ESLR
[09:07] {cosmo} active
[09:08] {dino} gm all, end of days again i see
[09:08] {cosmo} its only tuesday
[09:08] {Threei} dino :)
[09:10] {magoo} k,dsfjlks,isrhjoejhlajalih
[09:10] {Threei} magoo :)
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {Threei} if you went for that C&H FRE, you have scalp here
[09:12] {peterg} How play ESLR?
[09:12] {tomg} got it, ty vad
[09:12] {Threei} wwelcome tom
[09:12] {globus} long from 5.70
[09:13] {Threei} no read on ESLR
[09:13] {Threei} this thing never holds gains
[09:13] {peterg} k
[09:14] {peterg} what chart shows FRE C&H?
[09:14] {Threei} 1 min
[09:15] {Threei} cup from 8:16 to 9:02
[09:15] {peterg} yesterday?
[09:15] {Threei} handle broke at 9:08
[09:15] {Threei} ?
[09:15] {Threei} right now
[09:15] {Threei} today
[09:16] {peterg} aha--have no today chart
[09:16] {Threei} hmm?
[09:16] {Threei} why not?
[09:16] {peterg} Intraday 1 mn blank til mket opens
[09:17] {peterg} got time & sales
[09:18] {fernp} Good morning
[09:18] {peterg} are you reading chart of premarket opening?
[09:19] {Threei} fern :)
[09:19] {Threei} of course peter
[09:20] {Threei} on active stocks only
[09:20] {Threei} that C&H was from premarket chart
[09:20] {Threei} even if not for trading, it gives you an idea of support and reistance levels forming
[09:21] {peterg} ok, got it, have to figure out how to produce chart tks
[09:24] {dino} just nod and blink twice
[09:25] {Threei} oops... I did, and my TV went blank... what do I do now dino?
[09:26] {dino} lol
[09:28] {Threei} tension is higher and higher
[09:28] {Threei} let's stay in careful side
[09:29] {Threei} the extend of the crisis we are facing becomes much more clear for many ostriches
[09:29] {magoo} whats that mean?
[09:30] {Threei} a lot of traders, both amateur and pros got caught into longs on s
[09:30] {Threei} which part mags?
[09:30] {magoo} many ostriches
[09:30] {Threei} oh
[09:30] {cosmo} ostriges are wimps?
[09:30] {Threei} what does ostrich do when faces danger? :)
[09:31] {cosmo} i'd start kickin
[09:32] {cosmo} ESLR needs to hold 10 imo
[09:32] {Threei} FRE nosedive
[09:33] {Threei} ESLR
[09:33] {Threei} short idea
[09:33] {Threei} want a bounce
[09:33] {Threei} closest resistance is 10.20
[09:34] {Threei} anything above 10 should be a short
[09:34] {Threei} if can't break 10, then short 9.92 with 10.05 stop
[09:39] {Threei} doesn't look like FRE is going to hold 5
[09:40] {Threei} 5.19 shot half lot
[09:41] {Threei} stop above 5.40
[09:42] {cosmo} BEXP: Brigham Exploration announces Bakken discoveries, accelerated Williston Basin drilling program, planned Three Forks tests and updates '08 capital expenditure budgetBriefing.com(Tue 6:07am)
[09:42] {Threei} stop to 5.35
[09:42] {cosmo} BEXP now pulling back....
[09:42] {dino} hmmm, i guess the nyx is going out of business the way its down, sheesh
[09:46] {Threei} the way market acts you would think whole USA is going out of business
[09:48] {dino} europe is next
[09:48] {Threei} IMO... if whole world goes out of business, Europe will be there before USA
[09:50] {dino} lod dji
[09:51] {dino} 7/06 dji lows around 10668
[09:52] {Threei} ESLR 1:1
[09:52] {Threei} IMO, it has more downside
[09:52] {dino} imo thats where we are headed
[09:55] {Threei} MOODY'S CUTS PREFERRED STOCK AND FIANNCIAL STRENGTH RATING, DEBT RATINGS AFFIRMED
[09:56] {Threei} it's a good news, right? no money but a lot of valid liabilities
[09:57] {Threei} in today's upside-own world it must be a good news
[09:58] {dino} watching de fwlt fwiw
[10:03] {Threei} covering half ESLR
[10:05] {dino} add cme to that
[10:05] {Threei} FRE still looks like short to me
[10:05] {Threei} not sure of entry
[10:08] {dino} expiration week right? look for 5s and 0s imo
[10:09] {Threei} probably gotta try shorting into bounces to resistance, and be ready for multiple tries with small stops
[10:09] {Threei} 2.25 closest so far
[10:09] {Threei} 5.25
[10:10] {Threei} broken, no entry for now
[10:10] {Threei} 5.40 next
[10:10] {Threei} staying away at the moment, no clear read
[10:14] {Threei} hmmm... volume dropped on this FRE pullback
[10:14] {Threei} maybe bounce is better way here
[10:14] {Threei} 5.15 trigger for scalp
[10:15] {Threei} if stays above 5.10
[10:16] {hawkfan4} Bernake speaking now
[10:17] {Threei} lost support
[10:17] {Threei} Ben speak is a danger
[10:18] {cosmo} i wanna hear from Chauncey Gardener
[10:18] {dino} i was thinking jerry lewis
[10:19] {cosmo} that's close
[10:19] {dino} pcln blood
[10:20] {Threei} not sure to trail ESLR second half to .95 or keep it above 10 for now
[10:20] {Threei} new low FRE
[10:21] {Chaeron} good morning all
[10:21] {Threei} chaeron :)
[10:21] {cosmo} all?
[10:21] {Chaeron} as in everybody... even you too cosmo :)
[10:22] {cosmo} hmm .... :)
[10:22] {Threei} SBUX
[10:22] {Threei} .54 short
[10:22] {Threei} .66 stop
[10:24] {Threei} anyone managed to find short entry FRE?
[10:24] {magoo} nah
[10:24] {Threei} admittedly not easy
[10:25] {magoo} mkt was turning up
[10:25] {Threei} yeah, it almost looked like market shrugged off financials and decoupled from them
[10:25] {Threei} leting them drop and doing its own thing
[10:26] {Threei} see this spike?
[10:26] {magoo} yea
[10:26] {Threei} no news... just out of the blue
[10:26] {Threei} shows how tough it is today to find entry on them
[10:26] {Threei} let's leave them alone?
[10:26] {hawkfan4} yep
[10:27] {Threei} no crying when FRE goes under 4? "why didn't we short the hell out of it"?
[10:27] {Threei} die SBUX
[10:27] {cosmo} FNM then?
[10:28] {Threei} OK, trailing ESLR to .93
[10:28] {Threei} Bush on FRE/FNM
[10:31] {Threei} PRESIDENT BUSH: REITERATES CALL FOR CONGRESS TO REMOVE BAN ON OFFSHORE DRILLING, MUST ENSURE GSES CAN CONTINUE PROVIDING MORTGAGE CREDIT
[10:31] {Threei} - The GSEs should remain shareholder-owned companies. GSE rescue plan should be part of the housing bill.
[10:31] {Threei} - US economy shows remarkable resilience.
[10:32] {dino} down we go
[10:32] {Threei} SBUX 1:1, more downside is there IMO
[10:32] {dptl} out sbux .43 ty
[10:33] {Threei} covering half
[10:35] {dino} gj
[10:35] {Threei} ty
[10:39] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY - Q&A
[10:39] {Threei} looking at housing market... what does it say about economy?
[10:40] {Chaeron} out SBUX in .53, out .35 +0.18 Thanks Vad
[10:41] {dino} fwlt l .99 sm
[10:42] {Threei} welcome chaeron
[10:42] {hawkfan4} thx sbux here too vad, nice one
[10:43] {dptl} msft?
[10:43] {Threei} have you traded this one before?
[10:43] {dptl} long time ago
[10:43] {Threei} very specific stock in the way it trades
[10:44] {Threei} if you don't have experience with it, stay away
[10:44] {Threei} if you feel you want to trade it, observe it for a while
[10:44] {Threei} to get a feel for its ways
[10:44] {dptl} ye....it just was good set up isnt it?
[10:44] {Threei} chart wise, sure
[10:45] {Threei} it just has such a disgusting manner of chewing you up and spiutting you out just when you think you nailed great setup
[10:47] {Threei} stop to .51 SBUX
[10:48] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY, US BANKING SYSTEM IS WELL CAPITALIZED - Q&A
[10:48] {Threei} - Must be careful when changing margin requirements.
[10:48] {Threei} - US banks are deleveraging, banks are challenged by current credit conditions.
[10:48] {Threei} - Less concerned about solvency than banks' ability to extend credit.
[10:48] {Threei} - IndyMac failure was inevitable, given its bad asset quality.
[10:48] {Threei} - Emphasizes the need for a bank-like regulator for the GSEs.
[10:48] {patience} tsx down 405 points
[10:49] {Threei} because of oil drop?
[10:49] {Threei} or some other elements of it cause big downside?
[10:49] {patience} chartered banks are tanking
[10:49] {Threei} DJI is down just 167 points
[10:49] {patience} i know
[10:49] {Threei} oh
[10:52] {magoo} p[owering up
[10:52] {Threei} I am getting strange feeling
[10:52] {magoo} lets hear it
[10:52] {Chaeron} cat ran up your pant leg again... that's all
[10:52] {Threei} nah, never mind, it's last week vodka talking
[10:53] {Threei} OK, on serious note
[10:53] {Threei} starts feeling like we are to see some stunning bounce today
[10:53] {Chaeron} we close strong green?
[10:53] {magoo} i have found that your feelings are usually quite good
[10:54] {Chaeron} yeah... MOAB was the bestest
[10:55] {Threei} a little more churning, then decisive break and big upward move... that's the vision I am having
[10:55] {Threei} if that is the scenario... LEH is .81 long
[10:56] {hawkfan4} have the same feeling. LEH super strong
[10:56] {magoo} if so..aapl would be a candidate
[10:56] {magoo} 300 shares
[10:56] {Threei} RIMM .50 break long
[10:57] {Threei} AAPL, no technical level to rely upon
[10:57] {Threei} but if this scenario plays out it will go
[11:00] {Threei} here goes RIMM
[11:00] {Chaeron} dang missed RIMM
[11:00] {Threei} with any market support 104 easy
[11:01] {Chaeron} in LEH .80
[11:01] {magoo} in rimm
[11:02] {magoo} in aapl now .72
[11:03] {Threei} LEH over 14 should be easy
[11:04] {Threei} look at market gop
[11:04] {Threei} go
[11:04] {Threei} 104
06[11:04] * Threei pats himself on the back
[11:04] {dino} gop more like it
[11:04] {Threei} 14 LEH
[11:05] {magoo} out rimm .14 TY vad
[11:05] {Threei} welcome sir
[11:05] {magoo} how about my AAPL?
[11:05] {magoo} 1 point
[11:05] {Threei} sure
[11:05] {Threei} AAPL was simply a matter of timing the entry with market
[11:05] {Threei} since it didn't havce its own technical level to base trigger on
[11:06] {magoo} out here .76 1 point aapl in 2 minues
[11:06] {Chaeron} out LEH 14.01 +0.21 Great job Vad... again?
[11:06] {Threei} [10:57] {Threei} but if this scenario plays out it will go
[11:06] {Threei} market is going to continue upward
[11:06] {Threei} with pullbacks of course, buit for now up is the play
[11:07] {Threei} how about this for "stunning bounce"?
[11:07] {Chaeron} beautiful
[11:07] {hawkfan4} vad, super timely prediction, awesome
[11:07] {Chaeron} any entries on pullbacks?
[11:07] {Threei} ty hawk... I have my monets
[11:07] {magoo} [10:56] {magoo} if so..aapl would be a candidate
[11:07] {magoo} 10:53] {magoo} i have found that your feelings are usually quite good
[11:07] {Chaeron} and I wonder why anyone goes to any other trading rooms :)
[11:07] {Threei} chaeron... yes but there won't be technicals for them
[11:08] {dino} wow just made up over 200 dji points
[11:08] {Threei} sh*t, I am good
[11:08] {Threei} lol
[11:09] {patience} yup
[11:09] {magoo} and humble he he
[11:09] {Threei} always
[11:09] {dptl} just how the heck did you do that? lol
[11:09] {Threei} and chaeron thought that strange feeling was after-effect of case of vodka
[11:10] {hawkfan4} out RIMM + 1.60, thx
[11:10] {Chaeron} noooo... I said it was the cat up your pants leg....
[11:10] {Threei} (actually it was)
[11:10] {Threei} wtg hawk
[11:10] {Chaeron} great one Hawk
[11:10] {hawkfan4} thx :)
[11:11] {dino} gj
[11:14] {dino} sm l cedc .25
[11:15] {magoo} hawk,,u dog:) er, um, bird
[11:17] {hawkfan4} lol, thx
[11:28] {GeoArb} great example of vad's dbi setup
[11:28] {GeoArb} TAP
[11:28] {Threei} dbi?
[11:28] {Threei} I'd say it's JBE
[11:28] {GeoArb} sorrry
[11:28] {GeoArb} not thinking
[11:29] {Threei} sorry won't cut it Geo... you will have to bring us your finest cheeses
[11:29] {GeoArb} :)
[11:31] {Threei} just how sound this management with trailing stops after 1:1 is
[11:31] {Threei} allowed us to close second half of our shorts with no loss
[11:32] {Threei} and profit from reversal on other stocks at the same time
[11:42] {Chaeron} .
[11:42] {magoo} ..
[11:52] {Threei} looking at WM trying to define is it short time yet
[11:53] {magoo} against the mkt?
[11:53] {Threei} it's close to solid resistance level... if can't break it, then any market hiccup should kill it
[11:54] {Threei} and risk is negligible
[11:56] {Threei} lety' see if this spike takes it over 4
[11:56] {Threei} if not, then any market retreat is a short signal for WM with very tight stop
[11:56] {GeoArb} ok tap has made my best day ever
[11:56] {GeoArb} cheese vad
[11:56] {Threei} wtg :)
[11:56] {GeoArb} still holdng
[11:56] {GeoArb} above 2 bucks on 2k shares
[11:56] {Threei} woohoo
[11:57] {Threei} studying pays off eh?
[11:57] {GeoArb} hehehehe'\
[11:57] {GeoArb} i have decided to chat less and read more
[11:57] {Threei} WM broke 4
[11:57] {Threei} no play
[11:57] {GeoArb} was too busy cracking jokes.... not good for newbie like me
[11:57] {patience} very nice Geo. I just screwed up TD trade. Sold it when i was down .21 and it promptly reversed and spiked up 80 cents
[11:58] {GeoArb} yeah...
[11:58] {Threei} what a selloff in oil
[11:59] {patience} so vad, in a market like this, do you tighten up your stops or give a bit more leeway
[11:59] {Threei} for me it's stock specific
[12:00] {Threei} if I feel I have a good grip on direction
[12:00] {patience} i rarely trade bank stocks and don't know their usual pattern
[12:00] {Threei} but volatility is a bit abnormal
[12:00] {patience} serves me right
[12:00] {Threei} I will cut the size down and increase stop
[12:00] {Threei} if volatility for my specific stock is as usual, then both position size and stop are as usual
[12:01] {Threei} also, I find that during such nervous times agfgreesive entries qork better for me
[12:01] {Threei} work
[12:02] {Threei} breakouts give good follow-through not as frequently as in normal, market
[12:02] {Threei} buit aggressive entry while increases amount of stops,
[12:02] {Threei} keeps size of stops down and allows for bigger wins
[12:03] {GeoArb} patience....my advice is to always keep an eye on the volatility value in the intelliscanner for the stocks
[12:03] {GeoArb} its a nice read
[12:03] {patience} i was 2 cents off being right....what a bastard stock. i hate losing. i think i will go sulk.
[12:04] {GeoArb} man TAP
[12:04] {GeoArb} feels like they are delivering cases right to my doorstep
[12:05] {GeoArb} the volatility value in intelliscan gives a good estimate of the individual stock whips
[12:06] {patience} i don't have intelliscan, i don't even have streaming data....i just eyeball it most of the time.
[12:07] {GeoArb} wow... i am not that experienced... maybe in time :)
[12:07] {patience} i'm on a laptop, limited space constraints
[12:10] {Threei} geo goes all scientific on us
[12:11] {Threei} next thing we know he uses beta and reads company statements
[12:12] {GeoArb} hehehe... i just try to match the stop loss with that number
06[12:14] * magoo slaps laserdave1 around a bit with a large trout
06[12:14] * Threei slaps laserdave1 around a bit with a large trout
06[12:14] * Chaeron slaps laserdave1 around a bit with a large trout
[12:14] {Threei} that's what I call RealityTrader warm greeting
[12:17] {laserdave1} very nice
[12:17] {laserdave1} but i have been in here awhile guys
[12:17] {Threei} you can always count on us to deliver sincere welcome
[12:17] {GeoArb} i guess they wanted you to feel safe
[12:17] {laserdave1} i do actually feel alot better now
[12:19] {magoo} dcc dave
[12:34] {dino} dji green
[12:34] {Threei} HOUSE REPUBLICANS IN LETTER THE REP. FRANK ASSERT THEY WILL SEEK TO DELAY THE GSE RESCUE PLAN, CALL FOR HEARINGS ON THE GSE PLAN
[12:34] {Threei} - the Republican congressmen say the Fed actions may be sufficient and say that the rescue plan may be unecessary{FNM}
[12:35] {Threei} could it be any "grimmer" in the morning?
[12:36] {Threei} can it be any shinier now?
[12:37] {Threei} FRE nice pullback
[12:37] {Threei} 6.01 long
[12:37] {Threei} 5.94 stop
[12:38] {hawkfan4} fwiw Paulson on tv talking a bout FRE FNM right now
[12:38] {Threei} that's scary
[12:42] {dino} out fwlt .40 +.41
[12:42] {hawkfan4} nice
[12:42] {Threei} wtg
[12:42] {Threei} SEC'S COX: CURRENTLY CONDUCTING OVER FOUR DOZEN PROBES RELATED TO THE SUBPRIME CRISIS
[12:42] {Threei} - The SEC is looking at insurers, credit ratings agencies and Wall Street firms to see if mortgage lenders broke accounting rules.
[12:42] {Threei} lol
[12:43] {Threei} could their timing be any better
[12:45] {dino} ty
[12:50] {Threei} tide is turning it seems
[12:50] {Threei} I'd look to short next bounce
[12:50] {Threei} LEH closer to 14
[12:50] {Threei} FRE closer to 6
[12:51] {Threei} LEH spiked to .92, too fast for entry... mised
[12:52] {Threei} is Paulson still talking?
[12:52] {hawkfan4} 12:50 SEC's Cox: New limits on short sales of Fannie, Freddie - DJ
[12:52] {hawkfan4} (FRE, FNM)
[12:52] {Chaeron} short?
[12:53] {Chaeron} ooook... FRE short 6.08
[12:53] {Threei} perfect entry
[12:53] {Threei} feel free to take half off
[12:54] {Chaeron} took it all off... too much media... out .93 +0.15
[12:54] {dino} going to screw the shorts on fre, fnm
[12:54] {Threei} they limit naked shorting
[12:54] {Threei} SEC'S COX SAYS WILL ISSUE AN ORDER LIMITING NAKED SHORT SELLING OF FANNIE AND FREDDIE - SENATE TESTIMONY
[12:54] {Threei} {FRE}
[12:54] {Chaeron} I have my pjs still on
[12:55] {Threei} IMO, it won'rt change much
[12:55] {Chaeron} yeah, but gave a small bounce to the stock... too much media crap
[12:55] {Threei} SQNM
[12:55] {Threei} CEO: MAY REACH PROFITABILITY AS EARLY AS 2010
[12:56] {Threei} covered half LEH
[12:56] {Threei} +.15
[12:58] {Threei} out second half flat
[12:58] {Chaeron} thanks btw Threei... another nice one...
[13:00] {magoo} vad, u good...u should run a daytrading room
[13:02] {dino} cpla sm l ave .15
[13:03] {Threei} you think mags?
[13:03] {GeoArb} take it slow though
[13:03] {magoo} i thought u were ignoring me {sigh..again:)}
[13:03] {Threei} lordy... all markets are green
[13:06] {Threei} LEH leading the charge
[13:07] {magoo} u got the ball vad
[13:09] {Threei} dive under .20 should be a bounce scalp
[13:11] {Threei} ugh... .25 was it
[13:11] {Threei} missed
[13:13] {Threei} got it this time, +.13
[13:13] {Threei} gotta be really quick on these up and down rapid moves
[13:14] {Threei} impossible to call real time
[13:14] {Threei} observe it, you'll see the pattern
[13:14] {Threei} it quickly teleports up and down
[13:15] {Threei} US TREASURY'S PAULSON: FNM AND FRE UNDERWRITING MEASURES ARE 'GOOD"
[13:15] {Threei} gooder than they were yesterday?
[13:16] {Threei} but worser than a month ago?
[13:22] {magoo} mkt may be rolling over here
[13:22] {Threei} should bounce one more time first though
[13:28] {magoo} wonder if we get 2 pm smackdown vad
[13:30] {Threei} no slightest idea
[13:30] {Threei} if oil resumes downward, we can get smakup just as well
[13:32] {dino} just say no to smack
[13:33] {Threei} we can't... they smakc everything that is remotely smackuble
[13:33] {Threei} smack is out of our control, we just get to live with the prospect of constant smack
[13:35] {Threei} watching USO and NQ, today it's an almost perfect correlation
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} great
[13:39] {Threei} what did I do this time?
[13:39] {magoo} all the chatter about "smacking" could not resist
[13:39] {Threei} oh
[13:40] {Threei} KLAC
[13:40] {Threei} CO. NOTES SIGNIFICANT SLOW DOWN IN BOOKINGS AT END OF JUNE, Q4 REV WITHIN GUIDED RANGE OF $560-580M V 574ME - CEO
[13:51] {dino} cpla stop to .65
[13:53] {dino} out .80, +.65 cpla
[13:53] {Threei} wtg
[13:53] {dino} ty
[13:54] {Threei} 1 million IPhones sold in 3 days
[13:55] {Threei} what recession? what slowdown?
[13:55] {Threei} people need iphone
[14:00] {dino} out cedc .50 +.25
[14:09] {Threei} USO, small shares long 112.10 if stays above 11.80
[14:09] {Threei} 111.80
[14:10] {Threei} fast and volatile
[14:17] {magoo} in 112
[14:19] {Threei} SQNM .12 long
[14:19] {Threei} if stays above 20.95
[14:19] {Threei} half lot
[14:21] {Threei} aim to sell USO somewhere above .60 magoo, IMO
[14:21] {dino} nov l .30 sm
[14:22] {magoo} out .40 TY boss
[14:22] {Threei} :)
[14:25] {peterg} out USO +.31 tks
[14:25] {Threei} peter :)
[14:25] {Threei} SQNM 1:1
[14:26] {Threei} SEC"S COX NOTES THAT THERE ARE NO PLANS TO RESTORE THE 'UPTICK RULE'
[14:28] {Threei} you guys realize that you just played oil long?
[14:28] {Threei} how unpartiotic
[14:28] {GeoArb} no we support texas
[14:28] {Threei} we do?
[14:28] {Threei} can we live on the ranch?
[14:29] {GeoArb} let there be an oil well in every backyard
[14:29] {Threei} I have a cowboy hat
[14:31] {magoo} i said to dino "if i lose on my one and only oil play in greatest oil run in history, gonna slap the sh@t out of vad" lol
[14:31] {Threei} rofl
[14:32] {dino} he did
[14:33] {Threei} never thought I'd say it... but magoo does have sense of humor
[14:33] {Threei} now, considering the source... it may not be a compliment
[14:33] {Threei} 'cause I sure don't
[14:34] {GeoArb} i thought it would be humerous if he loses and carries ou the threat
[14:34] {Threei} well... I do but it's kind of 11 years old's one
[14:34] {GeoArb} (ducking)
[14:34] {Threei} drop in puddle/cake in the face kind of humor
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
[14:35] {Threei} {magoo} humor this
[14:42] {Chaeron} Laserdave1 dcc?
[14:44] {magoo} is there a laserdave2???
[14:53] {Threei} server dump?
[14:55] {dptl} check check
[15:03] {dino} .
[15:03] {hawkfan4} testing 1 2
[15:04] {dptl} ok
[15:04] {dino} took gs and rimm
[15:04] {dptl} see you tomorrow ...good evening all:)
[15:04] {dino} cya dp
[15:05] {Threei} take care dp
[15:07] {magoo} was booted out there vad of room
[15:07] {brian3579} i was booted also
[15:08] {Threei} yeah
[15:08] {hawkfan4} nice call on SQNM vad
[15:08] {Threei} half of the room was
[15:08] {Threei} hawk :)
[15:08] {magoo} and other half was asleep
[15:08] {Threei} some internet route went off for a minute
[15:15] {Threei} and again
[15:21] {dino} .
[15:21] {magoo} yep..knocked out or off or whatever
[15:25] {magoo} mkt up or down into bell vad??
[15:25] {Threei} down
[15:26] {magoo} u like AAPL sh somewhere?
[15:26] {magoo} or RIMM?
[15:27] {Chaeron} or QID?
[15:27] {Threei} hmmm
[15:28] {Threei} 108 break RIMM... but would like to see some consolidation first
[15:28] {magoo} i win chaer..he likes mine lol
[15:28] {GeoArb} how about long SDS?
[15:29] {magoo} sh rimm 108.01
[15:30] {magoo} covered .50 TY vad
[15:31] {Chaeron} QID long from 45.93, out 46.11 + 0.18.... thanks Vad!
[15:32] {Threei} :)
[15:32] {magoo} hes ignoring us {again}
[15:32] {Threei} lol
[15:32] {magoo} OH...just ME
[15:32] {Chaeron} lol
[15:32] {Threei} SDS is what, remind me please
[15:32] {Chaeron} naaaaa... was too busy trading mags
[15:32] {Threei} one of ultrashorts?
[15:32] {GeoArb} yeah sp
[15:33] {Threei} then everything that applies to QID will apply to it
[15:33] {Chaeron} I got those two charts lined up next to each other
[15:37] {Threei} may I stop calling particular stocks and just answer "up" or "down" leaving picks and levels to you? :)
[15:37] {Threei} works flawlessly, lol
[15:37] {GeoArb} if you had a web cam
[15:37] {GeoArb} yo caould wither smile or frown
[15:38] {Chaeron} why not :) or :(
[15:38] {GeoArb} sure
[15:38] {Threei} will I have to wear a tie?
[15:38] {Chaeron} Vad's cheap... minimal expenses... don't blame him...
[15:38] {GeoArb} only if it has no marinara smears
[15:39] {GeoArb} long sds on pullback
[15:39] {GeoArb} realllly small
[15:42] {GeoArb} ahh
[15:42] {GeoArb} i feel like a long bull
[15:44] {dino} i feel tired
[15:44] {magoo} i feel like a brew
[15:45] {dino} these markets are wearing me out, -230, +70, -70 c'mon
[15:45] {Threei} I am feelingless
[15:45] {dino} better way to be
[15:45] {GeoArb} what does the souse think?
[15:45] {GeoArb} spuse
[15:46] {GeoArb} oh crap spoilt the wisecrack with typo
[15:46] {dino} do you mean spouse?
[15:46] {dino} lol
[15:46] {GeoArb} lol
[15:46] {magoo} ROFLOL geo
[15:46] {Threei} that was funny spin on a wisecrack
[15:46] {dino} what the hell, close dji at -150 just to mess w/everyone
[15:48] {judijim} anyone catching the news about SEC reducing short-selling?
[15:49] {Threei} yes, I posted
[15:50] {Threei} they want to control naked shorting? I say why haven't they done so in all years it was illegal?
[15:50] {GeoArb} it was my best day ever... thanks all +2.5k
[15:51] {Threei} what kind of rules are those if no one enforces them?
[15:51] {Threei} wtg Geo
[15:51] {Threei} love to hear this
[15:51] {GeoArb} i am in love with budwieser
[15:51] {magoo} that does IT!!!!!!!!!!!!!!
06[15:51] * magoo slaps GeoArb around a bit with a large trout
[15:51] {GeoArb} it doesnt hurt !!!!!!!!!!!!!!
[15:51] {Chaeron} man, great job Geo
[15:52] {GeoArb} i have a basterdized bersion of JBE DBI now.....
[15:52] {Threei} basterdized bersion is a spuse of real one?
[15:52] {GeoArb} lol
[15:52] {dino} great job geo
[15:53] {Threei} ah come on... that was funny
06[15:53] * Threei slaps Chaeron around a bit with a large trout
06[15:53] * Threei slaps magoo around a bit with a large trout
[15:53] {GeoArb} thannks... lotsa help from you guys
06[15:53] * Chaeron slaps GeoArb around a bit with a large trout
[15:53] {Chaeron} help THAT
[15:53] {Chaeron} heh :)
[15:53] {dino} lol
[15:53] {GeoArb} hehehe
[15:54] {magoo} what i do??
06[15:54] * Chaeron slaps magoo around a bit with a large trout
[15:54] {Threei} hah... as though we need an actual reason
[15:55] {magoo} sheesh..been behaving all day and this is what i get?
[15:55] {Chaeron} take a hint
[15:55] {magoo} btw, geo only beat me by 142 bux
[15:56] {Chaeron} scalp something
[15:56] {GeoArb} well magoo
[15:56] {GeoArb} for you these days are normal
[15:56] {GeoArb} lol
[15:56] {judijim} take care everyone, wtg Geo
[15:56] {magoo} sh rimm .20
[15:57] {GeoArb} really
[15:57] {GeoArb} ?
[15:57] {GeoArb} 3 mins
[15:57] {Threei} take care jj
[15:57] {Chaeron} +1000s I hope....
[15:57] {Chaeron} and that you covered
[15:58] {magoo} out here .87
[15:58] {magoo} dam...he has me by lousy 64 bux
[15:59] {Chaeron} AP saying Mitt Romney's stock rising for McCain's VP choice... what symbol was that? GOP?
[15:59] {Chaeron} nice magoo...
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening,
[15:59] {magoo} WAIT VAD
06[15:59] * magoo slaps Threei around a bit with a large trout
[15:59] {Threei} thank you for trading well
[15:59] {Chaeron} thanks for everything Vad
[15:59] {Threei} delivers a great satisfaction to me
[15:59] {magoo} TY BOSS
[15:59] {Chaeron} you too Dave
[15:59] {peterg} tks all
[15:59] {Threei} group hug... yikes
[16:00] {GeoArb} eeek
[16:00] {Chaeron} ug
[16:00] {Threei} I better go before everyone gets mushy maashy
[16:00] {magoo} no go do a shot of vodka and bragg about your students
[16:00] {peterg} song---feelings......
[16:00] {Threei} see you all tomorrow :)
[16:00] {cosmo} was hoping he'd pick ron paul....
[16:01] {Threei} yeah, that would be my choice too
[16:01] {cosmo} :)
[16:01] {peterg} gutsy move, magoo!!
[16:01] {Chaeron} I was thinking Liebermann
[16:01] {cosmo} ah
[16:02] {magoo} scalp is all
[16:02] {magoo} but yeah..gotta be gone before bell because of spread nowe
[16:07] {dino} gn all