Session Time: Thu Jul 24 00:00:03 2008
[08:12] {Threei} PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:12] {Threei} - Expectations for initial claims are 380K v prior release of 366K.
[08:12] {Threei} - Continuing claims seen at 3.160M v prior 3.122M.
[08:13] {hawkfan4} good morning
[08:13] {Threei} Good morning early birds
[08:13] {tomg} good morning
[08:13] {Threei} tom :)
[08:18] {Threei} QCOM
[08:18] {Threei} NOKIA TO PAY A SUBSTANITAL UPFRONT PAYMENT - CON CALL
[08:18] {Threei} 07:39am [QCOM] Guides Q4 adjusted EPS $0.49-0.51 v $0.54e, R $2.5-2.7B v $2.71Be - conference slides
[08:19] {Threei} 07/23/08 07:29pm [QCOM] Reports Q3 $0.55 (pro forma) v $0.55e, R $2.80B v $2.71Be
[08:20] {Threei} REPORTEDY CTFC TO ANNOUNCE ENFORCEMENT CASE RALATING TO CRUDE OIL PROBE
[08:23] {Threei} 06:05am [NCC] Reports Q2 -$2.45 v -$0.26e, R $1.45B v $1.78Be - ROE and ROA not provided. - Net interest margin 2.97% v 3.59% y/y. - Provision for loan losses $1.59B v $1.39B y/y.
[08:24] {Threei} Q2 -$2.45 v -$0.26e, and thing is gapping up?
[08:26] {Threei} 07/23/08 04:01pm [AMZN] Reports Q2 $0.37 v $0.26e, R $4.06B v $3.95Be
[08:26] {Threei} - Guides Q3 Rev $4.20-4.43B v $4.23Be
[08:26] {Threei} - Guides FY08 Rev $19.35B-$20.1B v $19.6Be
[08:26] {Threei} - Q2 gross margin 23.6% v 24.2% y/y
[08:30] {Threei} PIMCO'S BILL GROSS NOTES THAT $5T WORTH OF MORTGAGE LOANS ARE CLASSIFIED AS 'RISKY', SEES $1T IN CUMULATIVE LOSSES FROM 'BUBBLE'
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 406K V 380KE
[08:30] {Threei} CONTINUING CLAIMS: 3.107M V 3.160ME
[08:36] {judijim} good morning all
[08:37] {Threei} jj :)
[08:51] {Threei} quite a drop FNM
[08:52] {pita} gm everyone
[08:52] {Threei} pita :)
[08:53] {cosmo} QCOM up 21% .....so far
[08:54] {Threei} yeah... reports are mixed but NOK settlement aids bottom line
[08:54] {cosmo} ah....good day in court
[08:55] {Threei} {NOK} uhhu
[09:02] {Threei} IRAN'S AGHAZADEH SAYS THAT IT HAD 'CONSTRUCTIVE' COOPERATION WITH UN INSPECTORS
[09:04] {fernp} Good morning all
[09:04] {Threei} fern :)
[09:19] {esemde} morning....was out golfing yesterday and didn't make it back to the room...How as your day?
[09:19] {Threei} ese :)
[09:19] {Threei} quite active
[09:19] {esemde} thas How was your Day?
[09:19] {esemde} morning Vad
[09:20] {dptl} good morning all
[09:20] {esemde} dp
[09:20] {Threei} I am slow... just thought of alerting QCOM short at 54.35...
[09:21] {Threei} dp :)
[09:21] {Threei} if bounces closer to .50 resistance, worth considering
[09:21] {Threei} small shares, tight stop
[09:22] {Threei} ese, one trading idea we exploited yesterday, worth watching today as well:
[09:22] {Threei} trading UAUA off USO, inverse relation
[09:25] {Threei} 08:56am WSJ: FCC Chairman notes agreement in principle on XMSR and SIRI, vote 3-2 on deal agreement
[09:28] {Threei} anyone got that jump to .40 QCOM?
[09:28] {Threei} perfect short
[09:29] {hawkfan4} no, but took FNM off the fast drop to 15
[09:29] {Threei} :)
[09:29] {hawkfan4} :)
[09:29] {hawkfan4} thx
[09:31] {Threei} XMSR interesting for bounce if drops into .40 - .60 area
[09:31] {Threei} QCOM super risky long on .54 break
[09:31] {Threei} small shares
[09:33] {Roman} 21 chk
[09:33] {Roman} 21 CHK
[09:33] {Roman} 21 long
[09:33] {Roman} 21 47.82
[09:33] {Threei} got away...
[09:34] {Roman} 21 HK
[09:34] {Threei} FNM coming into support again
[09:34] {Roman} 21 long HK small.50
[09:35] {Roman} 21 NCOC
[09:35] {Roman} 21 long setup
[09:36] {Threei} XMSR
[09:36] {Threei} watch for strength
[09:36] {Threei} 10.20 closest support
[09:36] {Threei} QCOM valid again if not losing .75 anymore
[09:37] {Roman} 21 long NCOC small off 6.20
[09:38] {Threei} XMSR no sign of bounce so far
[09:38] {Roman} 21 TXCO had great numbers
[09:38] {Roman} 21 record sales this morning
[09:40] {Roman} 21 energy bounces today
[09:40] {Roman} 21 ROYL watching
[09:40] {Roman} 21 imo
[09:40] {peterg} gm
[09:40] {Threei} peter :)
[09:40] {Threei} over 1:1 QCOM
[09:40] {Threei} and feels not done
[09:40] {Threei} but risk is huge on it
[09:40] {Threei} so secure profit
[09:41] {Threei} half out .40
[09:41] {Threei} scalpers grab your profit and be happy
[09:41] {Threei} ARBA??
[09:42] {Threei} what the?
[09:43] {Threei} stop .89 for QCOM balance
[09:44] {Threei} anyone sees anything on ARBA?
[09:45] {peterg} watching ARBA makes me want to buy it
[09:46] {Threei} resist the temptation...
[09:46] {peterg} right
[09:46] {Threei} it'll drop like crazy the second after you succumb
[09:46] {Threei} but first pullback is usually bought
[09:46] {Threei} so it will give a chance
[09:47] {Threei} there you go - right on cue, would have killed your wentry
[09:47] {Threei} -w
[09:47] {peterg} killed em both
[09:48] {Threei} entry and wentry?
[09:48] {peterg} yep
[09:48] {Threei} observing USO/UAUA, relation is there
[09:50] {Threei} let ARBA come to you, 15.50 is the only more or less real support for it
[09:50] {Threei} if it bottoms out too high just let it be
[09:51] {peterg} too strong for short?
[09:52] {Threei} can't tell really... it moves on no news, possibly hyped somewhere... can run inti nasty short squeeze
[09:52] {Threei} or can just run out of gas and die
[09:52] {Threei} no way to tell really
[09:53] {kazaam} NSC, first market strength might breakout
[09:53] {kazaam} ?
[09:53] {Threei} stock shoots up buck and half with no downtick
[09:53] {Threei} yes kaz
[09:54] {Threei} typical salmonish formation
[09:54] {kazaam} in @ .97
[09:54] {Threei} keep stop around .85
[09:57] {kazaam} out +.20
[09:58] {Threei} nice one
[09:58] {Threei} spotting patterns well eh?
[09:58] {Threei} FNM, 86 long if holding above .70
[09:58] {kazaam} only when i trade small lots, hehe
[09:59] {Threei} matter of time and experience
[09:59] {Threei} small lot - less psuchological pressure - clear vision
[09:59] {peterg} bk in hr--have fn
[10:00] {kazaam} yep, its amazing how easy things get with almost nothing at risk
[10:00] {Threei} ptr stoppd usng vwels
[10:00] {Threei} UNE EXISTING HOME SALES: 4.86M V 4.94ME, -2.6% M/M
[10:00] {peterg} tks 2 mch tm
[10:01] {Threei} SEC'S COX: IT IS A MISTAKE TO REGULATE INVESTMENT BANKS LIKE COMMERCIAL BANKS
[10:01] {Threei} kaz... that's why the procedure described in Practical Trading chapter of MPP
[10:03] {Threei} even more amazing thing is,
[10:04] {Threei} with almost nothing at risk, as you put it, you still have fairly reasonable return
[10:04] {peterg} I am in small lots & I like my training wheels, most of the time
[10:04] {kazaam} very true, better than -100-200 a day
[10:05] {Threei} there you go
[10:05] {Threei} risk-reward equation has kind of bell curve
[10:05] {Threei} there is a reason for that
[10:05] {Threei} but that's theory, let's leave it for another time
[10:10] {esemde} long VISN 1/2 lot 18.06
[10:10] {esemde} slow climber
[10:11] {esemde} had bstop in.....and for a second or 2 i wasn't even sure i'd been filled
[10:14] {esemde} bit of a gamble here....probably should have waited until 18.25...previous days high
[10:15] {esemde} stop 17.79
[10:24] {Threei} UAUA
[10:25] {Threei} .91 long if stays above .80
[10:25] {Threei} and if USO resusmes downward
[10:26] {esemde} stop to 18.00 VISN
[10:31] {esemde} Out VISN 18.10
[10:32] {esemde} +.04......was goin nowhere
[10:32] {Threei} better than poke in the eye
[10:32] {esemde} opps...would've been stopped anyway
[10:33] {Threei} IMF: US STEPS FOR GSES ARE LEADING IN A GOOD DIRECTION
[10:33] {Threei} - Notes that the IMF board discussed the US econoic landscape{FRE FNM}
[10:33] {esemde} daily chart looked good
[10:33] {Threei} no worky UAUA
[10:34] {Threei} QCOM
[10:34] {Threei} bounce-worthy selloff
[10:35] {Threei} bidding 51.40
[10:35] {Threei} too optimistic
[10:36] {Threei} awww... UAUA rinse
[10:44] {esemde} CECO ...the everready battery....
[10:46] {pita} day job calls...again - good trading yall
[10:46] {Threei} take care pita
[10:47] {Threei} USO makes quite pronounced moves today
[10:47] {Threei} not easy readable though
[10:52] {Threei} what the heck is going on? :)
[10:53] {hawkfan4} no idea
[10:53] {hawkfan4} 10:50 COMDX Natural Gas continues to plunge on bearish inventory data; now -0.579 at 9.209 -Update-
[10:54] {Threei} USI chart reminds of whack-a-mole game
[10:54] {Threei} USO
[10:57] {Threei} new sharp downtick USO is coming it seems
[10:58] {kazaam} does SNA seem overextended?
[10:58] {Threei} slow climb... can continue just as well
[10:58] {Threei} right on USO
[10:59] {Threei} hard core scalpers can have UAUA multiple paus of these moves
[11:01] {Threei} maybe some deveopments in negotiations with Iran not made public yet...
[11:02] {Threei} or this:
[11:02] {Threei} CFTC: CHARGES OPTIVER WITH MANIPULATING CRUDE, GASOLINE AND HEATING OIL TRADING
[11:02] {Threei} {USO}
[11:02] {Threei} I don't know who Optiver is but if shrging him send oil down, let's charge him twice
[11:04] {peterg} RIMM anyone?
[11:05] {Threei} no read peter
[11:05] {Threei} RIMM moves with market, and market for some reason doesn't react much on oil move
[11:06] {Chaeron} Good morning everyone
[11:06] {Threei} chaeron :)
[11:10] {esemde} CCCCCHHHHHHH BABY!!!!!!!
[11:11] {esemde} long time hail!!!!
[11:11] {Chaeron} ese!!!!! welcome back !
[11:12] {esemde} tks
[11:12] {esemde} just gettin into the swing of things
[11:17] {kazaam} wishin i held on to SNA for more than 10 cents
[11:21] {peterg} wow sna
[11:22] {Threei} FNM
[11:22] {Threei} break of 14 looks right for long
[11:36] {peterg} quiet
[11:36] {peterg} all asleep
[11:36] {peterg} or making money without me
[11:37] {peterg} uh oh short sales to be restricted on whole market says cox
[11:37] {Threei} as much as I tempted to say that's the case...
[11:38] {Threei} will have to admit, today is way less active and readable
[11:39] {Threei} where do you see it peter?
[11:39] {peterg} DJ Newswires
[11:40] {peterg} part of Fidelity Active Trader Pro
[11:41] {hawkfan4} 11:10 SEC's Cox says intends to extend short-sale protections mkt-wide - DJ
[11:41] {Threei} oh
[11:41] {peterg} I love it when they protect us
[11:41] {Threei} saw it at 11:09 on my wire
[11:41] {Threei} thought something new
[11:41] {Threei} SEC'S COX NOTES THAT THE SEC IS STUDYING POSSIBILITIES OF NEW UPTICK RULE THAT MAY INVOLVE NICKELS AND DIMES V PRIOR PENNY RULE
[11:41] {Threei} - Regulation would also rule out any naked short selling
[11:42] {Chaeron} then just bring back 1/8ths :)
[11:42] {peterg} or pounds and pence
[11:42] {Chaeron} lol
[11:43] {Chaeron} we can all meet under a buttonwood tree :)
[11:44] {peterg} Broad St, maybe
[12:08] {Threei} yawn
[12:09] {peterg} story: so the wife sez, (we're in minnesota) 3m hits new low, time to buy.
[12:09] {hawkfan4} seems like everyone's waiting for oil to make up it's mind for the day
[12:09] {peterg} I did yesterday for longterm retirement (hah!) acct. makn money
[12:10] {peterg} old folk
[12:10] {peterg} story
[12:10] {peterg} oil--whats that
[12:15] {Threei} I need some entertainment
06[12:15] * Threei slaps laserdave1 around a bit with a large trout
06[12:15] * Chaeron slaps laserdave1 around a bit with a large trout
[12:16] {dptl} looks like fun.....can i try that?
[12:16] {Threei} can?
[12:16] {Threei} you must
[12:16] {dptl} lol
06[12:16] * dptl slaps laserdave1 around a bit with a large trout
[12:16] {dptl} it is fun :)
[12:17] {Threei} of course... why do you think we do it regularly
[12:17] {laserdave1} dptl even gettting a round in
[12:17] {laserdave1} wow
[12:17] {laserdave1} i guess u need to take Magooos place
[12:17] {laserdave1} for this week
06[12:18] * laserdave1 slaps Threei around a bit with a large trout
[12:18] {dptl} :)
[12:26] {Threei} hmmm
[12:26] {Threei} wait... am I supposed to be slapped at all?
[12:29] {laserdave1} well to be honest
[12:29] {laserdave1} i was lookign for the feature on here
[12:29] {laserdave1} how to kick someone in balls with steel army boots
[12:29] {laserdave1} but didnt see it
[12:29] {laserdave1} :)
[12:29] {Threei} that's for platinum members only
[12:29] {dptl} roflol
[12:29] {laserdave1} u know i love you Vad star
[12:30] {Threei} you pay serious premium for that privilege
[12:30] {laserdave1} i saw u had something before u were able to do with army boots
[12:30] {laserdave1} hmmm
[12:30] {laserdave1} i might have to go platinum then
[12:30] {Threei} small administrative fee of just 19,999.99 A MONTH GIVES YOU ACCESS TO THOSE BOOTS
[12:31] {laserdave1} hahahahhahaha
[12:33] {Threei} possible asharp downtick USO is coming
[12:33] {Threei} if materializes watch for UAUA sdcalp
[12:34] {Threei} here we go
[12:35] {Threei} {dptl} how do you do that?
[12:35] {dptl} ye..how?
[12:35] {Threei} magic
[12:46] {Threei} FNM 13 break long scalp
[12:46] {kazaam} vad, was MTL a good capitulation play?
[12:46] {Threei} in hindsight, sure
[12:47] {Threei} real time, very questinable whether it was possible to catch bottom
[12:48] {Threei} WHITE HOUSE: PRESIDENT BUSH'S ADVISORS WOULD ADVISE HIM TO VETO ANY BILL SEEKING DRAW DOWNS FROM THE SPR
[12:48] {kazaam} my intuition told me to buy but I dont do C or E plays, so technically that would be a very risky setup? generally you would look for double bottom formation with volume confirmation?
[12:48] {Threei} is this what spiked the oil??
[12:48] {Threei} what bs
[12:49] {Threei} right kaz
[12:49] {kazaam} alright, gotcha, maybe someday i will take some c/e plays
[12:50] {kazaam} fnm break 13
[12:50] {Threei} come on FNM, break already
[12:52] {kazaam} better to wait till break?
[12:52] {Threei} yes
[12:53] {Threei} 13 proves to hold times and again
[12:53] {Threei} break is needed to trigger spike
[12:56] {Threei} see?
[12:57] {kazaam} yep yep
[13:19] {Threei} not liking today'
[13:19] {Threei} s actin
[13:19] {Threei} tides change with no rhythm
[13:34] {judijim} Judi's off to office, be back tomorrow
[13:40] {Threei} feels like USO upside is done
[13:40] {Threei} feel doesn't contribute much today, but for what it's worth
[14:18] {esemde} signing off everyone...have a great rest of the day
[14:19] {Chaeron} bye ese!
[14:19] {esemde} see ya CH...
[14:19] {kazaam} tks, have a good day too
[14:19] {esemde} kaz
[14:22] {peterg} ciao
[14:22] {dptl} vphm?
[14:25] {Threei} really not sure
[14:25] {dptl} ok ty
[14:31] {peterg} back later, ttfn
[14:44] {Threei} US HOUSE REJECTS BILL THAT WOULD DRAW DOWN AND SELL 70M BARRELS OF OIL FROM SPR
[14:46] {cosmo} its all gonna leak out anyway....sheesh
[14:47] {Threei} or evaporate
[14:47] {cosmo} that's controlled
[14:49] {Threei} controlled evaporation?
[14:49] {cosmo} EPA requires it
[14:53] {Threei} there was a report that after impementing short sales ban shorting declined by 90% on financial stocks
[14:53] {Threei} soooo... why is FNM 4 bucks off it's day high
[14:54] {Threei} what a useless exercise
[14:54] {Threei} as if shorting drives stocks down, and without it they wouldn't
[14:56] {Threei} PIMCO'S MCCULLEY FEELS AS THOUGH THERE WILL BE NO 'ARMAGEDDON' SCENARIO IN THE US ECONOMY
[14:57] {Threei} lol
[14:57] {Threei} some comments go beyond ridiculous
[14:58] {cosmo} some are magnets for the real thing too
[14:59] {cosmo} karma, ya know
[14:59] {Threei} no kidding
[14:59] {Threei} get 10 of them say "don't panic, there won't be any Armageddon"
[14:59] {Threei} and you have full blown panic spreading like a wildfire
[15:00] {cosmo} in a high rise
[15:03] {Threei} now, today's trading feels like your normal summer
[15:20] {Threei} WM
[15:20] {Threei} TO ISSUE STATEMENT SHORTLY ON THE 'GIMME CREDIT' REPORT ISSUED THIS MORNING
[15:20] {Threei} - note: some of the weakness on WaMu today has been attributed to a report from 'Gimme Credit,' which stated WM is showing declining reliance on CP and shifting to reliance on wholesale deposits. CNBC's Faber noted this report, but said the 'Gimme Credit' analysis was backward, that greater reliance on wholesale deposits would be a postive for WaMu.
[15:25] {Threei} I start really looking foward for oil to reverse back down... UAUA retreat is so significant, upside is going to be great
[15:34] {Threei} WM REPONDS TO GIMME CREDIT, NOTES COMPANY DOES NOT RELY ON COMMERCIAL PAPER, FUNDS ALL FUNCTIONS OF BUSINESS THROUGH ITS OPERATIONS
[15:37] {Threei} UAUA tradeable bounce is coming with NQ bounce
[15:38] {Threei} in .83, .79 stop
[15:38] {Threei} just a scalp
[15:42] {Threei} to take teny tine scalp or not to take
[15:43] {Threei} that is the question
[15:43] {Threei} gosh, what's my risk... 4 cents
[15:43] {Threei} already 1:2.5 {G}
[15:45] {Threei} ok,.93 out
[15:45] {Threei} +.10
[15:45] {jmb} thanks Vad
[15:45] {Threei} welcome :)
[15:45] {fernp} also here TY
[15:45] {Threei} :)
[15:45] {Threei} gotta break boredom and keep fingers exercised
[15:46] {Threei} OK guys, won't be doing anything on last minutes, it's not a day to press
[15:46] {Threei} have a great evening, see you tomorrow
[15:46] {kazaam} adios
[15:46] {fernp} bye
[15:47] {dptl} yeah...fighting to keep my eyes open today :)...but 6out of 6
[15:47] {dptl} have a good evening all :)
Thursday, July 24, 2008
Wednesday, July 23, 2008
Jul 23 2008
Session Time: Wed Jul 23 00:00:00 2008
[08:16] {Threei} Good morning early birds
[08:16] {tomg} good morning
[08:16] {Threei} tom :)
[08:17] {Threei} who is up for super risky pre-market play, look to buy WB at 16.80 break
[08:17] {tomg} stop?
[08:17] {Threei} under 16.60
[08:18] {tomg} ok
[08:18] {Threei} again... risky as hell
[08:18] {tomg} what route you use pre-market?
[08:19] {Threei} ISLD
[08:19] {tomg} ok
[08:19] {Threei} make sure you have route out checked
[08:20] {hawkfan4} in .79
[08:20] {tomg} .82
[08:21] {Threei} hawk listened to all "super risky" rant and grabbed whole 1K shares
[08:22] {Threei} [WB] Wachovia Corp Heard on the Street comments on the outlook for Wachovia - WSJ
[08:22] {Threei} - The article notes that Wachovia's Q2 earnings report may suggest that the company can earn enough money in the upcoming quarters to offset its mortgage losses.
[08:22] {Threei} - The WSJ cites the expectations that Wachovia won't need to raise additional dilutive capital as the catalyst for its share price gain following its earning report.
[08:22] {Threei} - The WSJ questions Wachovia's pledge that it won't need to raise more capital because problems will weigh on the bank for several more quarters.
[08:22] {Threei} - The bullish argument for Wachovia is that the company will be able to earn $16B in annualized core earnings and that these earnings will offset the company's future loan loss provisions.
[08:22] {Threei} -However, the bullish scenario could be challenged if the bank's core earnings are below $4B/quarter or if the company increases its credit loss expectations again.
[08:22] {Threei} - The article also notes how Bank of America and Wachovia were relatively optimistic about their outlooks for the end of 2008 and 2009, while JP Morgan and American Express discussed concerns about credit problems among prime borrowers.
[08:22] {tomg} route out INET , vad?
[08:23] {Threei} check route out boxes for everything
[08:23] {tomg} ok, got it
[08:23] {tomg} ty
[08:23] {Threei} sure
[08:23] {Threei} this maskes sure that any route used hits everything in sight, not just its own book
[08:26] {Threei} UAUA... what strength, eh?
[08:31] {Threei} CSIQ
[08:31] {Threei} ANNOUNCES CLOSING OF FOLLOW-ON OFFERING OF COMMON SHARES
[08:31] {Threei} PRICES 3.5M SHARES AT $34/SHARE
[08:31] {Threei} hmmm
[08:32] {Threei} it can be bought in open market for less than that, lol
[08:43] {judijim} good early morning all
[08:43] {Threei} jj :)
[08:44] {Threei} REPORTEDLY PRESIDENT BUSH WILL SIGN THE HOUSING BILL INTO LAW
[08:44] {Threei} {FNM FRE XHB IYR}
[08:51] {Threei} NIGERIAN MILITANT GROUP THREATENS TO DESTROY MAJOR OIL PIPELINES IN NIGERIAN DELTA IN NEXT 30 DAYS
[08:51] {Threei} {USO}
[08:55] {Threei} FNM tries to break consolidation at 15
[08:59] {fernp} Good morning all
[09:00] {Threei} fern :)
[09:01] {peterg} all
[09:02] {Threei} peter :)
[09:16] {Threei} we have oil inventories today at 10:35
[09:16] {Threei} potential market mover
[09:17] {Threei} WM
[09:17] {Threei} S&P CUTS DEBT RATING TO BBB-
[09:17] {pita} gm all
[09:17] {Threei} pita :)
[09:18] {dino} gm all, back in 20
[09:19] {peterg} hello goodye
[09:19] {peterg} dino
[09:19] {dino} lol
[09:21] {Threei} dino :)
[09:22] {peterg} Reading Mark Douglas, Trading in the Zone. Helps me to realize that I am not.
[09:22] {peterg} Working on it
[09:22] {Threei} that's a good one
[09:22] {peterg} yes it is
[09:23] {peterg} You recommended it in Profit booik
[09:23] {Threei} right
[09:23] {Threei} I am not a big fan of most books on trading psychology, they lack in practicality department IMO
[09:23] {Threei} but this one is exception
[09:24] {dptl} good morning all
[09:24] {Threei} if I ever decide to write another one, it will be on practical aspects on trading psychology
[09:24] {Threei} dp :)
[09:24] {peterg} I
[09:24] {peterg} will take one
[09:24] {Threei} no long-winged theory
[09:25] {peterg} I can write that section for you
[09:25] {Threei} day-to-day experiences, underlyiong reasons and what-to-do's, what-not-to-dos and how-to-do-it's
[09:26] {peterg} praktikal
[09:26] {Threei} korrekt
[09:27] {Threei} WB lost support
[09:27] {Threei} FNM on another hand broke and for a change followed through
[09:29] {Threei} dp, look dcc please
[09:30] {hawkfan4} thx vad, -.11 WB, but +. 55 FNM = not too shabby
[09:30] {Threei} wtg
[09:30] {tomg} about the same for me, ty vad
[09:30] {Threei} not bad start for the day
[09:31] {hawkfan4} actually just sold rest FNM +1.25
[09:31] {Threei} that's indecent profit
[09:31] {tomg} .83 for me, happy as heck with that ;)
[09:32] {Threei} FNM off 15.50
[09:32] {Threei} on first sign of strength
[09:33] {Threei} in, stop under 15
[09:33] {Threei} too fast to post in time
[09:33] {Threei} got .15
[09:33] {hawkfan4} .25
[09:33] {Threei} half out
[09:33] {Threei} .65
[09:34] {Threei} offering the rest 16.15
[09:34] {tomg} ty again vad :)
[09:35] {Threei} :)
[09:35] {Threei} FRE dumping
[09:37] {Threei} WM actually went positive... believe it or not
[09:37] {Threei} second half FNM didn't work
[09:37] {hawkfan4} got all but 200 out at .74, out
[09:37] {cosmo} ETFC
[09:37] {cosmo} .62 hod
[09:38] {cosmo} tests
[09:41] {Threei} LEH .81 long
[09:41] {Threei} if stays above .65
[09:42] {Threei} invalidated
[09:44] {Threei} watching UAUA for bounce long
[09:45] {Threei} in
[09:45] {Threei} got 8.91
[09:46] {Threei} USO drop should push UAUA
[09:46] {peterg} .97
[09:46] {Threei} out 9.30
[09:47] {hawkfan4} in .96, out .29, thx :)
[09:47] {Threei} beauty
[09:47] {peterg} out .37, ty
[09:47] {Threei} :)
[09:48] {Threei} WB
[09:48] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[09:48] {Threei} ugh
[09:48] {Threei} this one got away
[09:50] {Threei} LEH just had to kill setup before triggering and working
[09:55] {Threei} US TSY PAULSONM SAYS GSE SENDS STRONG MESSAGE TO MARKETS
[09:55] {peterg} LEH bounce ?
[09:56] {Threei} overall yes
[09:56] {Threei} but it shakes out so regularly, I am getting self-conscious about calling eright stop on it
[09:57] {Threei} it's almost like:
[09:57] {Threei} define traditional setuip on, with trigger and stop,
[09:57] {Threei} then wait for it to drop beloe support, invalidating the setup
[09:57] {Threei} and buy on that drop
[09:57] {Threei} which is nice and all but in practice makes it highly discretionary,
[09:58] {Threei} no way to call the entry other than on pure feel
[10:00] {peterg} bugged out too soon, made a nickel not a quarter
[10:07] {Threei} USO/UAUA pair qworking nicely for scalps
[10:09] {Threei} UAUA non-shortable today... was yesterday
[10:09] {hawkfan4} i have it available
[10:10] {Threei} can play it both ways off USO moves then
[10:10] {Threei} just wait for pronounced move and trade UAUA if it gives delay for entry
[10:10] {Threei} watch FNM for scalp off pullback to 15.50 area
[10:12] {Threei} if markwet sp;ikes, then .85 break trigger with stop under .70
[10:13] {Threei} break invalidated
[10:13] {dino} late post v l .00, sodetracked
[10:13] {dino} side
[10:14] {Threei} 74?
[10:14] {dino} y
[10:14] {dino} biib drop
[10:14] {Threei} nice one
[10:14] {dino} 'too fast
[10:15] {dino} stopped .30, +.30
[10:17] {Threei} not sure if FNM was attainable on pullback closer to .60, got distracted for a second
[10:17] {Threei} looks like wants to break 16 and jump
[10:17] {Threei} broke
[10:18] {Threei} and jumped
[10:18] {peterg} falling
[10:19] {Threei} UAUA strengthened
[10:19] {Threei} didn't even retreat with USO bounce
[10:19] {dino} nue sm l .25
[10:20] {Threei} oil numbers in 15
[10:21] {peterg} day job for coupla hours; have fun back later
[10:21] {Threei} did we just catch OBL or what
[10:21] {hawkfan4} geez, no kidding
[10:23] {Threei} "slow summer action" eh?
[10:25] {Threei} sharp drop USO
[10:25] {Threei} I guess traders reposition ahead of numbers
[10:27] {Threei} OK, backing off for the next 10 min
[10:28] {Threei} 8 rather
[10:28] {Threei} gosh FNM
[10:35] {Threei} DOE CRUDE: -1.55M V -500KE
[10:35] {Threei} GASOLINE: +2.85M V +200KE; DISTILLATES: +2.42 V +2.4ME; UTILIZATION: 87.1% V 89.5%E
[10:37] {Threei} UAUA gave beaituful delay vs USO
[10:37] {Threei} 10 was easy to get
[10:37] {Threei} anyone grabbed a play?
[10:39] {Threei} watch for another opportunity
[10:44] {Chaeron} good morning everyone
[10:44] {Threei} chaeron :)
[10:51] {Threei} market calmed down a bit, staying on a sideline for now until something shapes up
[10:51] {dino} sm s cetv .30
[11:01] {Threei} watching UAUA for bounce again if USO drops
[11:01] {hawkfan4} out UAUA +.40 short. thx for the idea :)
[11:02] {Threei} perfect play
[11:02] {Threei} wtg
[11:02] {hawkfan4} a beauty, thx
[11:02] {Threei} clean case of "how to fish" vs handing the fish :)
[11:03] {hawkfan4} had a .06 stop, got .97
[11:03] {Threei} that's 1: a lot
[11:05] {pita} adios
[11:06] {dino} ouch iphs
[11:06] {dino} cetv bstop to .60
[11:09] {dino} cov cetv .57, +.73
[11:09] {Threei} wtg
[11:09] {dino} ty
[11:09] {dino} just bobbing and weaving
[11:09] {Threei} .31 long UAUA stop .24
[11:11] {Threei} no worky
[11:11] {Threei} or rinse
[11:14] {dino} v sm ma l .00
[11:22] {Threei} rinse that was
[11:27] {dino} axys
[11:33] {dino} xmsr drop
[11:35] {dino} out ma 272.50 +2.50
[11:35] {fernp} gj
[11:36] {dino} ty, stop was too tight
[11:37] {Chaeron} great one dino
[11:37] {dino} ty
[11:38] {dino} axys thoughts?
[11:39] {dino} guess not
[11:39] {Threei} no
[11:41] {dptl} sgen?
[11:41] {Threei} good report yesterday after close
[11:42] {dptl} 11 break long may be?
[11:43] {Threei} not sure... would expect more volume from a runner
[11:43] {Threei} can go both ways with equal odds
[11:43] {dptl} i see...
[11:54] {dino} v sm l pot .35
[11:56] {Threei} watching FNM for bounce
[11:56] {Threei} and UAUA
[11:57] {Threei} FNM was really fast, just had to take 15 on faith
[11:57] {dino} bphx
[12:00] {Threei} BEAV
[12:00] {Threei} WINS $140M CONTRACT
[12:00] {dino} axys s sm .95
[12:08] {Threei} FED EXPECTED TO ANNOUNCE EXTENSION OF PRIMARY DEALER CREDIT FACILITY THROUGH TO THE END OF THE YEAR - CNBC
[12:08] {Threei} - Currently slated to end in mid September
[12:12] {dptl} got to leave early.......have a good rest of the day all :)
[12:12] {Threei} take care dp
[12:12] {Threei} judging from the smile, had a nice day?
[12:12] {dptl} yep..6 out of 7
[12:13] {Threei} nice batting average
[12:13] {Threei} ok, what's with oil strength
[12:13] {Threei} doesn't it know we need it down
[12:13] {dino} later dp
[12:14] {dino} out pot .95,
[12:14] {dino} +1.60
[12:15] {dino} ugh too tight again
[12:15] {dino} hit me and ran 1
[12:15] {Chaeron} dang dino $1.00+ is regular for you :)
[12:15] {Threei} wow, big oil spike
[12:16] {dino} lol, i wish
[12:17] {dino} uaua
[12:17] {Threei} I bet hawk shorted it off USO spike
[12:18] {dino} we all should've
[12:18] {Threei} it's not available at Laser today
[12:19] {Threei} gave an idea earlier, to play UAUA both ways off sharp USO moves
[12:19] {dino} yes you did
[12:20] {dino} bstop axys to .52
[12:20] {dino} jumpy
[12:21] {dino} enoc?
[12:21] {dino} can't borrow
[12:21] {Threei} no fresh news
[12:21] {Threei} utility
[12:26] {dino} axys bstop to .47, it will most likely slip
[12:27] {dino} tighten to .35
[12:28] {dino} to .26
[12:30] {dino} cov axys .24 +.71
[12:30] {dino} see the jump
[12:31] {dino} ok, i'll shut up
[12:32] {dino} nue stop to .75
[12:34] {Threei} MICHAEL BLOOMBERG AND BILL GATES ARE DONATING $500M TO HELP COMBAT SMOKING IN DEVELOPING COUNTRIES - CNBC
[12:35] {Threei} that's a really most urgent problem on today's agenda
[12:35] {dino} out nue +.50
[12:36] {dino} yeah, while the gov't subsidizes tobacco farmers
[12:40] {dino} axys $1 jump
[12:45] {Threei} US SENATOR DODD CONFIRMS AGREEMENT AMONG SENATE, HOUSE AND WHITE HOUSE ON HOUSING BILL
[12:56] {dino} pcln
[13:04] {Threei} why can't I short UAUA here :(
[13:04] {Threei} USGS: ALASKA MAY HOLD 1/3 OF WORLD OIL RESERVES IN ARCTIC AREAS
[13:06] {Threei} long instead, USO dropping
[13:09] {Threei} jumps up and down, no real direction...
[13:12] {Threei} come on UAUA
[13:14] {Threei} too much work for a scalp
[13:14] {hawkfan4} in .61
[13:14] {Threei} got .62, and out for +.10
[13:14] {Threei} taking 30 min break
[13:15] {Threei} morning wqas fun but now feels too mugh like work
[13:16] {peterg} gonna read my book
[13:21] {dino} eating lunch
[13:27] {dino} sm s axys .48
[13:37] {dino} axys stopped .74 -26
[13:37] {dino} .
[13:39] {dino} rinsed
[13:45] {dino} v sm l ma .75
[13:53] {dino} sm l celg .25 stop .88
[13:53] {Threei} PREVIEW: FED'S BEIGE BOOK SUMMARY OF REGIONAL ECONOMIC CONDITIONS DUE OUT AT 2PMET
[13:53] {Threei} **reminder: the last Beige Book on 6/11 stated:
[13:53] {Threei} - Reports of higher input costs widespread , some pass through to customers
[13:53] {Threei} - Retailers reported mixed results in attempts to increase prices, some districts note higher inventory levels
[13:53] {Threei} - wage pressures moderate or limited for all districts with few exceptions; Notes that employment hiring is 'spotty'
[13:53] {Threei} - Districts seeing rising export demand
[13:53] {Threei} - Seeing Credit quality deteriorating or expected to deteriorate in some distrcits, real estate market weak across most districts
[13:53] {Threei} - Three districts note economy as softer, weaker and lower, five districts note little change in conditions, four saw 'sluggish growth'
[13:54] {Threei} FED'S BEIGE BOOK: US ECONOMY SLOWED 'SOMEWHAT', PRICE PRESSURES ELEVATED OR RISING
[13:55] {Threei} - Notes manufacturs plan on raising prices, some firms cite difficulty in raising prices
[13:55] {Threei} - Most districts see mixed weak or slowing consumer spending
[13:55] {Threei} - Wage pressures limited with soft labor market
[13:57] {Threei} - Districts note bank loan growth as 'restrained'
[13:58] {Threei} sharp move FNM
[13:58] {dino} out ma 270.95 +1.20
[13:59] {Threei} :)
[14:03] {peterg} thks dino, out CELG for .12
[14:04] {dino} gj, better than i
[14:04] {dino} wanted .65
[14:04] {peterg} I'll take your 1.20 on ma...wow!
[14:04] {dino} lucky
[14:05] {peterg} we know where luck comes from
[14:05] {Threei} bottle of vodka?
[14:05] {Threei} USO flush is coming
[14:06] {dino} lol
[14:06] {dino} i will be out tomorrow -aug. 2nd. vacation...so keep magoo in line
[14:06] {Threei} easier said than done
[14:06] {Threei} where are you going?
[14:06] {Chaeron} have a good one dino
[14:06] {dino} ty
[14:07] {Chaeron} yeah... we need to live vicariously
[14:07] {dino} sunset beach, nc. just north of myrtle beach
[14:07] {Threei} cool
[14:08] {dino} its' fun/relaxing
[14:08] {Threei} feels like big USO drop is coming
[14:09] {Threei} here we go
[14:09] {Threei} magoo would have loved this "feel" call
[14:10] {Threei} UAUA was easy scalp of that
[14:10] {Threei} with some breathing probably, but it's not over
[14:10] {dino} sm v l .05, stop lod
[14:10] {Threei} USO going lower today
[14:12] {dino} odfl dump
[14:20] {dino} out v .43, +.38
[14:20] {dino} too tight again
[14:23] {dino} odfl sm l .00
[14:23] {dino} stop .68
[14:26] {Threei} ok, anyone took UAUA off my USO call?
[14:26] {Threei} 'cause if not, I am taking three years off
[14:28] {patience} watched it vad, didn't trade it because i partied hard last night...my responses are a little slow today
[14:29] {Threei} great, I'll see you all July 23 2011!!
[14:30] {dino} shame on you patience... :)
[14:30] {hawkfan4} i did vad, in again from .30
[14:30] {patience} is it worth every tylenol this morning
[14:30] {Threei} AWWW!!!
[14:30] {Threei} come on hawk... :(
[14:30] {kazaam} what about UAUA at break of .50?
[14:30] {Threei} it's not a technical play on its own kaz
[14:30] {Threei} it's USO reverse following play
[14:31] {kazaam} oh, gotcha
[14:31] {Threei} call for USO drop was to be utilized by long UAUA
[14:31] {Threei} or DAL
[14:31] {Threei} or NWA
[14:31] {Threei} any airline
[14:33] {peterg} Patience and I are going to write a book, "DRUNK TRADING,"
[14:33] {Threei} FED'S PLOSSER: ECONOMY HAS NOT CHANGE MUCH IN RECENT WEEKS, EVERYONE AGREES RATES ARE PETTY LOW AND NEED TO GO UP
[14:33] {patience} i'll drink to that peter
[14:33] {peterg} Or maybe "TRADING DRUNK"
[14:33] {peterg} great
[14:33] {Threei} lol
[14:34] {dino} hmmmmm. if you need any ghost writers, lol
[14:34] {Threei} I'll write foreword
[14:34] {peterg} idea from Vad earlier, who suggested bottle of vodka for some reason
[14:34] {peterg} beein thinking about it
[14:34] {dino} hung over trading....
[14:34] {Threei} it will be a short one... "here is to... ummm... what was the book title again?"
[14:34] {peterg} good title
[14:34] {patience} i like that one dino...good title
[14:35] {dino} i know it a bit too well
[14:35] {dino} odfl stop to .42
[14:36] {Threei} I feel I am in a bad company... again
[14:36] {Threei} and loving every minute of it
[14:36] {peterg} best kind
[14:37] {dino} bummer is, i have a golf match at 4:30, and magoo not here to bring me a free brews around 4:00, hate to go in dry
[14:37] {peterg} Newspaper column: The Drunken Trader
[14:37] {peterg} softer: The Drinking Trader
[14:38] {dino} such problems i have
[14:38] {Threei} I am crying here dino
[14:38] {patience} beer fridge is full here dino....stocked up with european stuff
[14:38] {patience} better get over to the island here
[14:39] {dino} nice, i did see a few coors extra golds in ours
[14:39] {peterg} Dortmunder Union, anybody?
[14:39] {dino} just hate to drink alone
[14:39] {peterg} sometimes you gotta do what you gotta do
[14:39] {Threei} Innis and Gunn, peter
[14:39] {peterg} sounds exotic
[14:39] {peterg} where from?
[14:40] {dino} out odfl .62,
[14:40] {dino} +.62
[14:40] {Threei} England
[14:40] {dino} vacation will be land shark.....then in august red stripe
[14:41] {peterg} o jah, jamaica
[14:41] {dino} aug 15th
[14:42] {dino} oh man, too tight again
[14:42] {dino} different type of day today
[14:54] {dino} celg stopped -.37
[15:02] {dino} glad i stopped
[15:10] {Threei} ATTORNEY FOR CITY OF SAN DIEGO REPORTEDLY TO LAUNCH LAWSUIT AGAINST WM, WFC AND WB TO HALT FORECLOSURES
[15:10] {Threei} hmmm?
[15:12] {Threei} let's see if I get this straight
[15:12] {Threei} I take loan I have no means of paying of
[15:13] {Threei} lender takes me to the task when I default
[15:13] {Threei} I sue a lender?
[15:14] {Chaeron} sure.... you shouldn't have gotten the loan in the first place is the prosecution's argument... they say that they accepted and pushed through bad loans with high risk anyway... I'm not agreeing by any means... just giving you the other side's arguement
[15:14] {dino} only in america
[15:15] {dino} and if they refiused you the loan, they would sue too
[15:15] {Chaeron} it's just sue-happy country
[15:15] {Threei} yeah, I gathered that would be their argument... it's just that I can't fathom it :)
[15:15] {Chaeron} well, can you fathom that McDonalds gets sued for serving coffee that is hot?
[15:15] {Threei} next step is, "I decieved you, now I will sue you for trusting me"
[15:16] {Chaeron} I LIKE IT! Let's get our law degrees!
06[15:16] * Chaeron is now known as Chaeron, Esq
[15:18] {Chaeron} lose money in the market guys and we'll sue to get it back... you shouldn't have had the danger of losing $$$ even tho you were fully aware you could have... who's my first client?
[15:19] {dino} well, that is happening now w/fnm, fre
[15:19] {Threei} and let's sue brokers for letting our orders through while we are at it
[15:19] {dino} gov't backing up private buyers of stock and debt
[15:19] {Chaeron} yeah... even the unsolicited ones
[15:20] {dino} sm l pcln .70
[15:26] {dino} .
[15:26] {dino} power surge
[15:28] {dino} pot crushed, i think earnings tomorrow
[15:50] {dino} out pcln 101.70, +1.00
[15:51] {hawkfan4} nice job
[15:51] {dino} thx
[15:51] {Threei} nice end of the day
[15:52] {dino} calling it a week. take care all, back aug 4th for trades
[15:52] {Threei} have fun dino
[15:52] {hawkfan4} have fun dino
[15:52] {Chaeron} bye dino. we'll miss you
[15:52] {Threei} OK guys, thank you all
[15:52] {peterg} have gd time in NC
[15:52] {dino} 3 stops on 14 trades,. think i got lucky
[15:52] {Threei} have a good evening, see you tomorrow
[15:52] {hawkfan4} thx vad, nice day
[15:52] {peterg} clog dancing in Asheville
[08:16] {Threei} Good morning early birds
[08:16] {tomg} good morning
[08:16] {Threei} tom :)
[08:17] {Threei} who is up for super risky pre-market play, look to buy WB at 16.80 break
[08:17] {tomg} stop?
[08:17] {Threei} under 16.60
[08:18] {tomg} ok
[08:18] {Threei} again... risky as hell
[08:18] {tomg} what route you use pre-market?
[08:19] {Threei} ISLD
[08:19] {tomg} ok
[08:19] {Threei} make sure you have route out checked
[08:20] {hawkfan4} in .79
[08:20] {tomg} .82
[08:21] {Threei} hawk listened to all "super risky" rant and grabbed whole 1K shares
[08:22] {Threei} [WB] Wachovia Corp Heard on the Street comments on the outlook for Wachovia - WSJ
[08:22] {Threei} - The article notes that Wachovia's Q2 earnings report may suggest that the company can earn enough money in the upcoming quarters to offset its mortgage losses.
[08:22] {Threei} - The WSJ cites the expectations that Wachovia won't need to raise additional dilutive capital as the catalyst for its share price gain following its earning report.
[08:22] {Threei} - The WSJ questions Wachovia's pledge that it won't need to raise more capital because problems will weigh on the bank for several more quarters.
[08:22] {Threei} - The bullish argument for Wachovia is that the company will be able to earn $16B in annualized core earnings and that these earnings will offset the company's future loan loss provisions.
[08:22] {Threei} -However, the bullish scenario could be challenged if the bank's core earnings are below $4B/quarter or if the company increases its credit loss expectations again.
[08:22] {Threei} - The article also notes how Bank of America and Wachovia were relatively optimistic about their outlooks for the end of 2008 and 2009, while JP Morgan and American Express discussed concerns about credit problems among prime borrowers.
[08:22] {tomg} route out INET , vad?
[08:23] {Threei} check route out boxes for everything
[08:23] {tomg} ok, got it
[08:23] {tomg} ty
[08:23] {Threei} sure
[08:23] {Threei} this maskes sure that any route used hits everything in sight, not just its own book
[08:26] {Threei} UAUA... what strength, eh?
[08:31] {Threei} CSIQ
[08:31] {Threei} ANNOUNCES CLOSING OF FOLLOW-ON OFFERING OF COMMON SHARES
[08:31] {Threei} PRICES 3.5M SHARES AT $34/SHARE
[08:31] {Threei} hmmm
[08:32] {Threei} it can be bought in open market for less than that, lol
[08:43] {judijim} good early morning all
[08:43] {Threei} jj :)
[08:44] {Threei} REPORTEDLY PRESIDENT BUSH WILL SIGN THE HOUSING BILL INTO LAW
[08:44] {Threei} {FNM FRE XHB IYR}
[08:51] {Threei} NIGERIAN MILITANT GROUP THREATENS TO DESTROY MAJOR OIL PIPELINES IN NIGERIAN DELTA IN NEXT 30 DAYS
[08:51] {Threei} {USO}
[08:55] {Threei} FNM tries to break consolidation at 15
[08:59] {fernp} Good morning all
[09:00] {Threei} fern :)
[09:01] {peterg} all
[09:02] {Threei} peter :)
[09:16] {Threei} we have oil inventories today at 10:35
[09:16] {Threei} potential market mover
[09:17] {Threei} WM
[09:17] {Threei} S&P CUTS DEBT RATING TO BBB-
[09:17] {pita} gm all
[09:17] {Threei} pita :)
[09:18] {dino} gm all, back in 20
[09:19] {peterg} hello goodye
[09:19] {peterg} dino
[09:19] {dino} lol
[09:21] {Threei} dino :)
[09:22] {peterg} Reading Mark Douglas, Trading in the Zone. Helps me to realize that I am not.
[09:22] {peterg} Working on it
[09:22] {Threei} that's a good one
[09:22] {peterg} yes it is
[09:23] {peterg} You recommended it in Profit booik
[09:23] {Threei} right
[09:23] {Threei} I am not a big fan of most books on trading psychology, they lack in practicality department IMO
[09:23] {Threei} but this one is exception
[09:24] {dptl} good morning all
[09:24] {Threei} if I ever decide to write another one, it will be on practical aspects on trading psychology
[09:24] {Threei} dp :)
[09:24] {peterg} I
[09:24] {peterg} will take one
[09:24] {Threei} no long-winged theory
[09:25] {peterg} I can write that section for you
[09:25] {Threei} day-to-day experiences, underlyiong reasons and what-to-do's, what-not-to-dos and how-to-do-it's
[09:26] {peterg} praktikal
[09:26] {Threei} korrekt
[09:27] {Threei} WB lost support
[09:27] {Threei} FNM on another hand broke and for a change followed through
[09:29] {Threei} dp, look dcc please
[09:30] {hawkfan4} thx vad, -.11 WB, but +. 55 FNM = not too shabby
[09:30] {Threei} wtg
[09:30] {tomg} about the same for me, ty vad
[09:30] {Threei} not bad start for the day
[09:31] {hawkfan4} actually just sold rest FNM +1.25
[09:31] {Threei} that's indecent profit
[09:31] {tomg} .83 for me, happy as heck with that ;)
[09:32] {Threei} FNM off 15.50
[09:32] {Threei} on first sign of strength
[09:33] {Threei} in, stop under 15
[09:33] {Threei} too fast to post in time
[09:33] {Threei} got .15
[09:33] {hawkfan4} .25
[09:33] {Threei} half out
[09:33] {Threei} .65
[09:34] {Threei} offering the rest 16.15
[09:34] {tomg} ty again vad :)
[09:35] {Threei} :)
[09:35] {Threei} FRE dumping
[09:37] {Threei} WM actually went positive... believe it or not
[09:37] {Threei} second half FNM didn't work
[09:37] {hawkfan4} got all but 200 out at .74, out
[09:37] {cosmo} ETFC
[09:37] {cosmo} .62 hod
[09:38] {cosmo} tests
[09:41] {Threei} LEH .81 long
[09:41] {Threei} if stays above .65
[09:42] {Threei} invalidated
[09:44] {Threei} watching UAUA for bounce long
[09:45] {Threei} in
[09:45] {Threei} got 8.91
[09:46] {Threei} USO drop should push UAUA
[09:46] {peterg} .97
[09:46] {Threei} out 9.30
[09:47] {hawkfan4} in .96, out .29, thx :)
[09:47] {Threei} beauty
[09:47] {peterg} out .37, ty
[09:47] {Threei} :)
[09:48] {Threei} WB
[09:48] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[09:48] {Threei} ugh
[09:48] {Threei} this one got away
[09:50] {Threei} LEH just had to kill setup before triggering and working
[09:55] {Threei} US TSY PAULSONM SAYS GSE SENDS STRONG MESSAGE TO MARKETS
[09:55] {peterg} LEH bounce ?
[09:56] {Threei} overall yes
[09:56] {Threei} but it shakes out so regularly, I am getting self-conscious about calling eright stop on it
[09:57] {Threei} it's almost like:
[09:57] {Threei} define traditional setuip on, with trigger and stop,
[09:57] {Threei} then wait for it to drop beloe support, invalidating the setup
[09:57] {Threei} and buy on that drop
[09:57] {Threei} which is nice and all but in practice makes it highly discretionary,
[09:58] {Threei} no way to call the entry other than on pure feel
[10:00] {peterg} bugged out too soon, made a nickel not a quarter
[10:07] {Threei} USO/UAUA pair qworking nicely for scalps
[10:09] {Threei} UAUA non-shortable today... was yesterday
[10:09] {hawkfan4} i have it available
[10:10] {Threei} can play it both ways off USO moves then
[10:10] {Threei} just wait for pronounced move and trade UAUA if it gives delay for entry
[10:10] {Threei} watch FNM for scalp off pullback to 15.50 area
[10:12] {Threei} if markwet sp;ikes, then .85 break trigger with stop under .70
[10:13] {Threei} break invalidated
[10:13] {dino} late post v l .00, sodetracked
[10:13] {dino} side
[10:14] {Threei} 74?
[10:14] {dino} y
[10:14] {dino} biib drop
[10:14] {Threei} nice one
[10:14] {dino} 'too fast
[10:15] {dino} stopped .30, +.30
[10:17] {Threei} not sure if FNM was attainable on pullback closer to .60, got distracted for a second
[10:17] {Threei} looks like wants to break 16 and jump
[10:17] {Threei} broke
[10:18] {Threei} and jumped
[10:18] {peterg} falling
[10:19] {Threei} UAUA strengthened
[10:19] {Threei} didn't even retreat with USO bounce
[10:19] {dino} nue sm l .25
[10:20] {Threei} oil numbers in 15
[10:21] {peterg} day job for coupla hours; have fun back later
[10:21] {Threei} did we just catch OBL or what
[10:21] {hawkfan4} geez, no kidding
[10:23] {Threei} "slow summer action" eh?
[10:25] {Threei} sharp drop USO
[10:25] {Threei} I guess traders reposition ahead of numbers
[10:27] {Threei} OK, backing off for the next 10 min
[10:28] {Threei} 8 rather
[10:28] {Threei} gosh FNM
[10:35] {Threei} DOE CRUDE: -1.55M V -500KE
[10:35] {Threei} GASOLINE: +2.85M V +200KE; DISTILLATES: +2.42 V +2.4ME; UTILIZATION: 87.1% V 89.5%E
[10:37] {Threei} UAUA gave beaituful delay vs USO
[10:37] {Threei} 10 was easy to get
[10:37] {Threei} anyone grabbed a play?
[10:39] {Threei} watch for another opportunity
[10:44] {Chaeron} good morning everyone
[10:44] {Threei} chaeron :)
[10:51] {Threei} market calmed down a bit, staying on a sideline for now until something shapes up
[10:51] {dino} sm s cetv .30
[11:01] {Threei} watching UAUA for bounce again if USO drops
[11:01] {hawkfan4} out UAUA +.40 short. thx for the idea :)
[11:02] {Threei} perfect play
[11:02] {Threei} wtg
[11:02] {hawkfan4} a beauty, thx
[11:02] {Threei} clean case of "how to fish" vs handing the fish :)
[11:03] {hawkfan4} had a .06 stop, got .97
[11:03] {Threei} that's 1: a lot
[11:05] {pita} adios
[11:06] {dino} ouch iphs
[11:06] {dino} cetv bstop to .60
[11:09] {dino} cov cetv .57, +.73
[11:09] {Threei} wtg
[11:09] {dino} ty
[11:09] {dino} just bobbing and weaving
[11:09] {Threei} .31 long UAUA stop .24
[11:11] {Threei} no worky
[11:11] {Threei} or rinse
[11:14] {dino} v sm ma l .00
[11:22] {Threei} rinse that was
[11:27] {dino} axys
[11:33] {dino} xmsr drop
[11:35] {dino} out ma 272.50 +2.50
[11:35] {fernp} gj
[11:36] {dino} ty, stop was too tight
[11:37] {Chaeron} great one dino
[11:37] {dino} ty
[11:38] {dino} axys thoughts?
[11:39] {dino} guess not
[11:39] {Threei} no
[11:41] {dptl} sgen?
[11:41] {Threei} good report yesterday after close
[11:42] {dptl} 11 break long may be?
[11:43] {Threei} not sure... would expect more volume from a runner
[11:43] {Threei} can go both ways with equal odds
[11:43] {dptl} i see...
[11:54] {dino} v sm l pot .35
[11:56] {Threei} watching FNM for bounce
[11:56] {Threei} and UAUA
[11:57] {Threei} FNM was really fast, just had to take 15 on faith
[11:57] {dino} bphx
[12:00] {Threei} BEAV
[12:00] {Threei} WINS $140M CONTRACT
[12:00] {dino} axys s sm .95
[12:08] {Threei} FED EXPECTED TO ANNOUNCE EXTENSION OF PRIMARY DEALER CREDIT FACILITY THROUGH TO THE END OF THE YEAR - CNBC
[12:08] {Threei} - Currently slated to end in mid September
[12:12] {dptl} got to leave early.......have a good rest of the day all :)
[12:12] {Threei} take care dp
[12:12] {Threei} judging from the smile, had a nice day?
[12:12] {dptl} yep..6 out of 7
[12:13] {Threei} nice batting average
[12:13] {Threei} ok, what's with oil strength
[12:13] {Threei} doesn't it know we need it down
[12:13] {dino} later dp
[12:14] {dino} out pot .95,
[12:14] {dino} +1.60
[12:15] {dino} ugh too tight again
[12:15] {dino} hit me and ran 1
[12:15] {Chaeron} dang dino $1.00+ is regular for you :)
[12:15] {Threei} wow, big oil spike
[12:16] {dino} lol, i wish
[12:17] {dino} uaua
[12:17] {Threei} I bet hawk shorted it off USO spike
[12:18] {dino} we all should've
[12:18] {Threei} it's not available at Laser today
[12:19] {Threei} gave an idea earlier, to play UAUA both ways off sharp USO moves
[12:19] {dino} yes you did
[12:20] {dino} bstop axys to .52
[12:20] {dino} jumpy
[12:21] {dino} enoc?
[12:21] {dino} can't borrow
[12:21] {Threei} no fresh news
[12:21] {Threei} utility
[12:26] {dino} axys bstop to .47, it will most likely slip
[12:27] {dino} tighten to .35
[12:28] {dino} to .26
[12:30] {dino} cov axys .24 +.71
[12:30] {dino} see the jump
[12:31] {dino} ok, i'll shut up
[12:32] {dino} nue stop to .75
[12:34] {Threei} MICHAEL BLOOMBERG AND BILL GATES ARE DONATING $500M TO HELP COMBAT SMOKING IN DEVELOPING COUNTRIES - CNBC
[12:35] {Threei} that's a really most urgent problem on today's agenda
[12:35] {dino} out nue +.50
[12:36] {dino} yeah, while the gov't subsidizes tobacco farmers
[12:40] {dino} axys $1 jump
[12:45] {Threei} US SENATOR DODD CONFIRMS AGREEMENT AMONG SENATE, HOUSE AND WHITE HOUSE ON HOUSING BILL
[12:56] {dino} pcln
[13:04] {Threei} why can't I short UAUA here :(
[13:04] {Threei} USGS: ALASKA MAY HOLD 1/3 OF WORLD OIL RESERVES IN ARCTIC AREAS
[13:06] {Threei} long instead, USO dropping
[13:09] {Threei} jumps up and down, no real direction...
[13:12] {Threei} come on UAUA
[13:14] {Threei} too much work for a scalp
[13:14] {hawkfan4} in .61
[13:14] {Threei} got .62, and out for +.10
[13:14] {Threei} taking 30 min break
[13:15] {Threei} morning wqas fun but now feels too mugh like work
[13:16] {peterg} gonna read my book
[13:21] {dino} eating lunch
[13:27] {dino} sm s axys .48
[13:37] {dino} axys stopped .74 -26
[13:37] {dino} .
[13:39] {dino} rinsed
[13:45] {dino} v sm l ma .75
[13:53] {dino} sm l celg .25 stop .88
[13:53] {Threei} PREVIEW: FED'S BEIGE BOOK SUMMARY OF REGIONAL ECONOMIC CONDITIONS DUE OUT AT 2PMET
[13:53] {Threei} **reminder: the last Beige Book on 6/11 stated:
[13:53] {Threei} - Reports of higher input costs widespread , some pass through to customers
[13:53] {Threei} - Retailers reported mixed results in attempts to increase prices, some districts note higher inventory levels
[13:53] {Threei} - wage pressures moderate or limited for all districts with few exceptions; Notes that employment hiring is 'spotty'
[13:53] {Threei} - Districts seeing rising export demand
[13:53] {Threei} - Seeing Credit quality deteriorating or expected to deteriorate in some distrcits, real estate market weak across most districts
[13:53] {Threei} - Three districts note economy as softer, weaker and lower, five districts note little change in conditions, four saw 'sluggish growth'
[13:54] {Threei} FED'S BEIGE BOOK: US ECONOMY SLOWED 'SOMEWHAT', PRICE PRESSURES ELEVATED OR RISING
[13:55] {Threei} - Notes manufacturs plan on raising prices, some firms cite difficulty in raising prices
[13:55] {Threei} - Most districts see mixed weak or slowing consumer spending
[13:55] {Threei} - Wage pressures limited with soft labor market
[13:57] {Threei} - Districts note bank loan growth as 'restrained'
[13:58] {Threei} sharp move FNM
[13:58] {dino} out ma 270.95 +1.20
[13:59] {Threei} :)
[14:03] {peterg} thks dino, out CELG for .12
[14:04] {dino} gj, better than i
[14:04] {dino} wanted .65
[14:04] {peterg} I'll take your 1.20 on ma...wow!
[14:04] {dino} lucky
[14:05] {peterg} we know where luck comes from
[14:05] {Threei} bottle of vodka?
[14:05] {Threei} USO flush is coming
[14:06] {dino} lol
[14:06] {dino} i will be out tomorrow -aug. 2nd. vacation...so keep magoo in line
[14:06] {Threei} easier said than done
[14:06] {Threei} where are you going?
[14:06] {Chaeron} have a good one dino
[14:06] {dino} ty
[14:07] {Chaeron} yeah... we need to live vicariously
[14:07] {dino} sunset beach, nc. just north of myrtle beach
[14:07] {Threei} cool
[14:08] {dino} its' fun/relaxing
[14:08] {Threei} feels like big USO drop is coming
[14:09] {Threei} here we go
[14:09] {Threei} magoo would have loved this "feel" call
[14:10] {Threei} UAUA was easy scalp of that
[14:10] {Threei} with some breathing probably, but it's not over
[14:10] {dino} sm v l .05, stop lod
[14:10] {Threei} USO going lower today
[14:12] {dino} odfl dump
[14:20] {dino} out v .43, +.38
[14:20] {dino} too tight again
[14:23] {dino} odfl sm l .00
[14:23] {dino} stop .68
[14:26] {Threei} ok, anyone took UAUA off my USO call?
[14:26] {Threei} 'cause if not, I am taking three years off
[14:28] {patience} watched it vad, didn't trade it because i partied hard last night...my responses are a little slow today
[14:29] {Threei} great, I'll see you all July 23 2011!!
[14:30] {dino} shame on you patience... :)
[14:30] {hawkfan4} i did vad, in again from .30
[14:30] {patience} is it worth every tylenol this morning
[14:30] {Threei} AWWW!!!
[14:30] {Threei} come on hawk... :(
[14:30] {kazaam} what about UAUA at break of .50?
[14:30] {Threei} it's not a technical play on its own kaz
[14:30] {Threei} it's USO reverse following play
[14:31] {kazaam} oh, gotcha
[14:31] {Threei} call for USO drop was to be utilized by long UAUA
[14:31] {Threei} or DAL
[14:31] {Threei} or NWA
[14:31] {Threei} any airline
[14:33] {peterg} Patience and I are going to write a book, "DRUNK TRADING,"
[14:33] {Threei} FED'S PLOSSER: ECONOMY HAS NOT CHANGE MUCH IN RECENT WEEKS, EVERYONE AGREES RATES ARE PETTY LOW AND NEED TO GO UP
[14:33] {patience} i'll drink to that peter
[14:33] {peterg} Or maybe "TRADING DRUNK"
[14:33] {peterg} great
[14:33] {Threei} lol
[14:34] {dino} hmmmmm. if you need any ghost writers, lol
[14:34] {Threei} I'll write foreword
[14:34] {peterg} idea from Vad earlier, who suggested bottle of vodka for some reason
[14:34] {peterg} beein thinking about it
[14:34] {dino} hung over trading....
[14:34] {Threei} it will be a short one... "here is to... ummm... what was the book title again?"
[14:34] {peterg} good title
[14:34] {patience} i like that one dino...good title
[14:35] {dino} i know it a bit too well
[14:35] {dino} odfl stop to .42
[14:36] {Threei} I feel I am in a bad company... again
[14:36] {Threei} and loving every minute of it
[14:36] {peterg} best kind
[14:37] {dino} bummer is, i have a golf match at 4:30, and magoo not here to bring me a free brews around 4:00, hate to go in dry
[14:37] {peterg} Newspaper column: The Drunken Trader
[14:37] {peterg} softer: The Drinking Trader
[14:38] {dino} such problems i have
[14:38] {Threei} I am crying here dino
[14:38] {patience} beer fridge is full here dino....stocked up with european stuff
[14:38] {patience} better get over to the island here
[14:39] {dino} nice, i did see a few coors extra golds in ours
[14:39] {peterg} Dortmunder Union, anybody?
[14:39] {dino} just hate to drink alone
[14:39] {peterg} sometimes you gotta do what you gotta do
[14:39] {Threei} Innis and Gunn, peter
[14:39] {peterg} sounds exotic
[14:39] {peterg} where from?
[14:40] {dino} out odfl .62,
[14:40] {dino} +.62
[14:40] {Threei} England
[14:40] {dino} vacation will be land shark.....then in august red stripe
[14:41] {peterg} o jah, jamaica
[14:41] {dino} aug 15th
[14:42] {dino} oh man, too tight again
[14:42] {dino} different type of day today
[14:54] {dino} celg stopped -.37
[15:02] {dino} glad i stopped
[15:10] {Threei} ATTORNEY FOR CITY OF SAN DIEGO REPORTEDLY TO LAUNCH LAWSUIT AGAINST WM, WFC AND WB TO HALT FORECLOSURES
[15:10] {Threei} hmmm?
[15:12] {Threei} let's see if I get this straight
[15:12] {Threei} I take loan I have no means of paying of
[15:13] {Threei} lender takes me to the task when I default
[15:13] {Threei} I sue a lender?
[15:14] {Chaeron} sure.... you shouldn't have gotten the loan in the first place is the prosecution's argument... they say that they accepted and pushed through bad loans with high risk anyway... I'm not agreeing by any means... just giving you the other side's arguement
[15:14] {dino} only in america
[15:15] {dino} and if they refiused you the loan, they would sue too
[15:15] {Chaeron} it's just sue-happy country
[15:15] {Threei} yeah, I gathered that would be their argument... it's just that I can't fathom it :)
[15:15] {Chaeron} well, can you fathom that McDonalds gets sued for serving coffee that is hot?
[15:15] {Threei} next step is, "I decieved you, now I will sue you for trusting me"
[15:16] {Chaeron} I LIKE IT! Let's get our law degrees!
06[15:16] * Chaeron is now known as Chaeron, Esq
[15:18] {Chaeron} lose money in the market guys and we'll sue to get it back... you shouldn't have had the danger of losing $$$ even tho you were fully aware you could have... who's my first client?
[15:19] {dino} well, that is happening now w/fnm, fre
[15:19] {Threei} and let's sue brokers for letting our orders through while we are at it
[15:19] {dino} gov't backing up private buyers of stock and debt
[15:19] {Chaeron} yeah... even the unsolicited ones
[15:20] {dino} sm l pcln .70
[15:26] {dino} .
[15:26] {dino} power surge
[15:28] {dino} pot crushed, i think earnings tomorrow
[15:50] {dino} out pcln 101.70, +1.00
[15:51] {hawkfan4} nice job
[15:51] {dino} thx
[15:51] {Threei} nice end of the day
[15:52] {dino} calling it a week. take care all, back aug 4th for trades
[15:52] {Threei} have fun dino
[15:52] {hawkfan4} have fun dino
[15:52] {Chaeron} bye dino. we'll miss you
[15:52] {Threei} OK guys, thank you all
[15:52] {peterg} have gd time in NC
[15:52] {dino} 3 stops on 14 trades,. think i got lucky
[15:52] {Threei} have a good evening, see you tomorrow
[15:52] {hawkfan4} thx vad, nice day
[15:52] {peterg} clog dancing in Asheville
Tuesday, July 22, 2008
Jul 22 2008
Session Time: Tue Jul 22 00:00:00 2008
[08:54] {peterg} gm--I am out of computer hell, where competing security systems fought each other to a standstill on my platform. Ugly business.
[08:54] {peterg} Memo: one at a time, one at a time.....
[08:54] {Threei} good morning
[08:55] {Threei} Norton fighting Kaspersky for the right to kill Adaware... that must be some spectacle
[08:56] {peterg} iI could follow us and get mail, but nothing else.
[08:57] {dptl} good morning all
[08:57] {Threei} dp :)
[08:57] {kazaam} gm
[08:58] {Threei} kaz :)
[09:00] {Threei} financials continue rocking the market
[09:00] {Threei} SNDK ugly hit
[09:04] {GeoArb} gm
[09:04] {Threei} Geo :)
[09:11] {Threei} US TREASURY SEC PAULSON SAYS WE WILL ALWAYS HAVE BANK FAILURES, BUT DO NOT SECOND GUESS REGULATORS
[09:11] {Threei} - Adds that it is important that regulators anticipate problems
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {pita} gm all
[09:12] {Threei} pita :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:20] {fernp} Good morning all
[09:22] {Threei} fern :)
[09:22] {esemde} good morning.......
[09:22] {Threei} ese!
[09:22] {Threei} how's vacation going?
[09:22] {esemde} I'm back!....bitten to death...but i'm back
[09:23] {cosmo} SNDK
[09:23] {cosmo} tests
[09:23] {esemde} relaxing Vad...
[09:23] {esemde} will take me a few days to get into the swing of things here though..
[09:24] {esemde} hows the market been......earnings season?? anything out of the ordinary
[09:25] {Threei} very active
[09:25] {Threei} maniak-depressive
[09:25] {esemde} interesting...for the middle of summer?
[09:25] {Threei} yes
[09:25] {Threei} extreme optimism to totall depression and back, all within one day
[09:26] {esemde} how so?
[09:26] {cosmo} two poles
[09:28] {Threei} I guess I'll skip first few minutes to let the dust settle a litle
[09:28] {Threei} too many news shocks overnight
[09:28] {Threei} BAC, WB, V, AXP, SNDK
[09:28] {Threei} and none of them good
[09:29] {cosmo} SNDK needs to hold 14.25
[09:29] {cosmo} imho
[09:29] {Threei} FNM .50 break maybe
[09:30] {Threei} uhhu
[09:30] {Threei} lol
[09:32] {kazaam} i think you mean short at touch of 50 right? hehe
[09:32] {Threei} ok, worth a try for bounce soon FNM
[09:33] {Threei} FED'S PLOSSER: HOUSING STRUGGLES ARE SPECIFIC TO CERTAIN GEOGRAPHICAL AREAS, MONETARY POLICY CURRENTLY 'BETWEEN A ROCK AND A HARD PLACE' - Q&A
[09:33] {Threei} - Adds that it will take some time for inrerest rate cuts to move through the economy
[09:33] {Threei} - Policy has to focus on the 2009 economy outlook
[09:33] {Threei} - Action is need to address high inflation
[09:33] {Threei} 12 break
[09:33] {Threei} late?
[09:34] {tomg} in at 12.00 out at 12.60, ty vad
[09:34] {Threei} welcome, good job
[09:35] {tomg} only got 100, but happy :)
[09:40] {cosmo} BRCD 6.60 hod
[09:41] {cosmo} testing
[09:41] {cosmo} healer
[09:42] {cosmo} i think...
[09:43] {esemde} SVNT going nuts
[09:44] {Threei} no news
[09:44] {esemde} non that I can see
[09:45] {esemde} Vad do you see that as being less reliable?
[09:45] {Threei} ?
[09:45] {esemde} can't predict the momentum....
[09:46] {esemde} without news that is
[09:46] {Threei} not really... can be both ways
[09:47] {Threei} SNDK selling accelerates
[09:47] {esemde} hmmmmm has price target up 30 and possible buy out candidate.....SVNT
[09:48] {Threei} .51 I'd try long
[09:48] {Threei} if stays above .40
[09:48] {Threei} better yet above .45
[09:49] {esemde} BMRN also...bio tech....anyone have news on Bio Tech sector?
[09:50] {Threei} hmmm... market spike but what's following it?
[09:52] {dino} sm l de .01, stop lod
[09:52] {Threei} NNBR
[09:52] {Threei} 15 break long
[09:53] {esemde} now thats what i've missed....seeing dino in action....thing of beauty!!!
[09:53] {Threei} half lot NNBR
[09:53] {dino} lol es
[09:54] {dino} pcln blood
[09:55] {dino} pcln sm l .80 risky
[09:56] {kazaam} vad, on thin stock like nnbr is it better to get in before break?
[09:57] {esemde} NDX moving higher....early morning sell-off...finish the day strong????? any takers on that hteory
[09:57] {esemde} theory
[09:58] {dino} i think you are correct
[09:58] {dino} time will tell
[09:59] {esemde} looking at charts right now......gotta wonder whether markets have been severely sold at this point...
[10:00] {dino} pcln stopped
[10:00] {Threei} LEH
[10:00] {Threei} 18 break long if stays above .85
[10:02] {esemde} did you take it Vad? by the time i cued into it ...it was gone
[10:02] {Threei} yes
[10:02] {Threei} JULY RICHMOND FED MANUFACTURING INDEX: -16 V -9E
[10:02] {Threei} yikes
[10:04] {pita} LEH rinsed
[10:04] {dino} smaller shares, last try pcln l .00
[10:05] {Threei} oil drop supports market
[10:05] {Threei} looks like we are going with reverse logic now
[10:05] {Threei} bad news for the economy - oil drop - market up
[10:06] {Threei} that wasn't nice of LEH
[10:06] {pita} painful
[10:06] {dino} oih collapse
[10:07] {dino} out pcln .00, +1.00
[10:09] {Threei} FED'S PLOSSER REMARKS THAT THE CREDIT FACILITIES FROM THE FED ARE NOT INFLATIONARY, AND PRICE EXPECTATIONS ARE SHAKY YET STABLE
[10:09] {Threei} will they ever shut up?
[10:09] {dino} i was thinking the same thing
[10:10] {esemde} Not inflationary!!!!! NOT INFLATIONARY!!!!! ya print more moeny you get inflation!!!!!! what the???
[10:10] {hawkfan4} me too
[10:10] {dino} salvation through inflation is the theme
[10:10] {kazaam} well if its not inflationary they should just print some money and send it to us
[10:11] {dino} i want my losses re-imbursed
[10:12] {dino} :)
[10:12] {esemde} good one dino....
[10:13] {Threei} CEO: WACHOVIA IS 'ON STRONG FOOTING', HAVE 'DONE OUR BEST TO BE MORE CAUTIOUS' - CONF CALL
[10:13] {cosmo} strong, but shaky ...
[10:18] {kazaam} is nnbr still in play?
[10:18] {Threei} yes, as long as holding above .85
[10:19] {Threei} C
[10:19] {Threei} UPDATE: GOLDMAN SACHS ANALYST SEES FY08 EPS AT -$1.10 V -$1.20 PRIOR VIEW, FY09 AT $2.10 V $2.40 PRIOR
[10:20] {esemde} Vad ...on your trade the news site....is there anything on SVNT
[10:20] {esemde} been interesting watching it...
[10:20] {Threei} nope
[10:20] {esemde} tks
[10:24] {dino} fwlt sm l .50 stop lod
[10:24] {dino} grmn acting up again
[10:30] {Threei} with oil dropping, I'd expect ROYL to pick up some strength
[10:31] {Threei} no sign of it so far, but worth keeping eye on
[10:35] {Threei} I have troubles finding stocks that follow market today
[10:35] {Threei} it's like NQ moves by itself
[10:35] {Threei} MAY HOUSE PRICE INDEX: -0.3% V -0.8%E
[10:36] {dino} yeah, i've been telling magoo the indexes don't match what's happening
[10:37] {Threei} IMF'S LIPSKY: DETERIORATION IN INFLATION EXPECTATIONS ARE POTENTIALLY A SERIOUS GLOBAL RISK
[10:37] {Threei} DETERIORATION IN INFLATION EXPECTATION - Lipsky's good...
[10:43] {Threei} SNDK quieted down
[10:43] {cosmo} BRCD holds 6.80
[10:43] {cosmo} so far
[10:43] {Threei} .25 long if stays above .15
[10:44] {dino} .
[10:45] {cosmo} good point
[10:45] {Threei} fine point I'd say
[10:46] {dino} got knocked out of cyber, thought whole system was down
[10:47] {GeoArb} cruise companies seem to be killing it
[10:47] {dino} wow xto, great report, take it down. they trade like the commodity anymore
[10:48] {dino} i guess if oil goes to 100, xto goes to 1
[10:50] {Threei} out SNDK
[10:50] {Threei} +.25
[10:50] {tomg} wtg vad, beaut :)
[10:50] {Threei} :)
[10:52] {dino} amzn sm l .50 stop .13
[10:54] {cosmo} BRCD hod = 7.05 fyi
[10:55] {dino} amzn stopped -.37 that was quick
[10:55] {Chaeron} Good morning all
[10:56] {Threei} Chaeron :)
[10:57] {Threei} WB
[10:57] {Threei} NOT LOOKING TO ISSUE STOCK AS MEANS FOR RAISING CAPITAL
[10:59] {dino} yeah, right
[10:59] {Threei} WSJ: FORD WILL CONVERT 3 TRUCK PLANTS TO MAKE CARS - UNCONFIRMED REPORT
[11:09] {esemde} long ZION 26.40 half lot
[11:11] {esemde} stop 26.10
[11:18] {Threei} NNBR over 1:1 solidly
[11:19] {Threei} hard to tell whether it has more in it
[11:19] {pita} took .20 of ZION ese ty
[11:20] {Threei} nice one ZION
[11:20] {Threei} no takers on NNBR?
[11:20] {Threei} and no one but tom went for SNDK?
[11:20] {Threei} sheesh, just showering you guys with winning trades only to be ignored
06[11:21] * Threei removes himself to remote Tibet monastery for three years of highly focused navel-gazing
[11:22] {esemde} GJ pita...gonna hng in there a little longer
[11:22] {pita} worth holding
[11:22] {esemde} see if it can punch through 27
[11:22] {Threei} UAUA
[11:22] {Threei} REACHES AGREEMENT IN PRINCIPLE TO ENHANCE LIQUIDITY BY APPROXIMATELY $1.2B
[11:22] {Threei} - Announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. and Paymentech, one of its credit card processors, to extend the term of their respective agreements.
[11:22] {Threei} - United will receive a payment of $600M from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200M in the next two years.
[11:23] {esemde} if i get any resistance at 27 i'm outta there
[11:23] {Threei} missed news...
[11:24] {esemde} out ZION .85 +.45
[11:24] {esemde} sewer guys are here to do my drains
[11:25] {esemde} can't monitor it
[11:25] {esemde} i'll take .45
[11:25] {peterg} nice trade & good to have freshened sewers.
[11:26] {esemde} ya ...i'll say...
[11:26] {esemde} only 1 inch opening....pretty much blocked
[11:26] {esemde} could be tense around here for a couple of hours
[11:27] {laserdave1} hey guys just so you know
[11:27] {esemde} see you all a little later
[11:27] {laserdave1} laser will be going down for about 2 minutes
[11:27] {Threei} take care ese
[11:27] {laserdave1} will go down in about 10 minutes from now
[11:27] {laserdave1} it will go down for about 1 minute
[11:34] {Threei} sheesh UAUA
[11:36] {dptl} yeah....i grabbed lcc with it but only for 10c
[11:37] {laserdave1} ok laser back
[11:37] {laserdave1} log in guys
[11:38] {Threei} in
[11:38] {dptl} in
[11:40] {Chaeron} x
[11:46] {dptl} spr?
[11:50] {Threei} not sure
[11:50] {Threei} but getting interested in UAUA for bounce
[11:51] {dptl} ok ty
[11:51] {hawkfan4} took .20 on NNBR on the bounce, thx vad
[11:52] {Threei} :)
[11:52] {laserdave1} Chaeron dcc please
[12:06] {pita} later everyone
[12:07] {Threei} take care pita
[12:27] {Chaeron} .
[12:31] {Threei} WB, will get interested if drops to 13.5 at least
[12:34] {Threei} CSIQ sharp drop
[12:37] {dptl} qlgc?
[12:38] {Threei} I wouldn't
[12:38] {Threei} thick, slow
[12:38] {Threei} not what you want in lunch time
[12:38] {dptl} ok ty
[12:45] {Threei} market confused itself with all the morning jumps, decided to sit quietly and ponder next move
[12:46] {Threei} wow CSIQ
[12:47] {Threei} feels like quick drop to 28 or just under should provide bounce
[12:53] {Threei} too optimistic
[12:59] {Threei} UAUA .50 break for a scalp if holding above .35
[13:05] {dino} xmsr
[13:06] {dino} no merger
[13:08] {Threei} WSJ: 1 FCC MEMBER VOTES AGAINST MERGER WITH SIRI, VOTE NOW STANDS AS 2-1
[13:08] {Threei} - Note two members have yet to vote
[13:09] {dino} ahh
[13:21] {dino} out ma 270.75, +2.50 yesterday
[13:22] {hawkfan4} sweet
[13:22] {dino} lucky, gapped down hard off of amex
[13:37] {kazaam} wow, that is some disciplined sideways action
[13:39] {Threei} very much so
[13:43] {dino} sm l cetv .65, stop .29
[14:07] {Threei} 7.49 short scalp trigger for UAUA
[14:07] {Threei} if stays under .60
[14:13] {dptl} covered .38 uaua ty
[14:14] {Threei} :)
[14:14] {jmb} thanks Vad
[14:14] {Threei} welcome
[14:15] {Threei} just when everyone though I was in that monastery already eh?
[14:16] {Threei} CSIQ one more quick drop is coming
[14:17] {Threei} happened while I was typing actually, lol
[14:21] {Threei} absense of shorts on financials is inconvinient
[14:21] {Threei} look at 1 min FNM
[14:21] {Threei} was clean short setup at .50 break
[14:23] {hawkfan4} was pretty
[14:23] {Threei} if I were them, I'd do this ban differently
[14:24] {Threei} short to your heart content as long as you cover within same day
[14:24] {Threei} would bring net neutral result on day to day basis, and would provide a lot more liquidity
[14:25] {Threei} esentially stabilizing the price, and as a bonus providing serious fuel for upward move in case of good news
[14:25] {Chaeron} hmmm... Vad angling for head of SEC
[14:25] {Threei} I am more effective in a "behind the curtain consultant" role
[14:26] {Chaeron} as long as they pay you well
[14:26] {Threei} well?
[14:26] {Threei} nope
[14:26] {Threei} very well
[14:26] {Threei} that may do it
[14:27] {Chaeron} :)
[14:37] {Threei} watch USO and UAUA
[14:37] {Threei} now hat UAUA bounced back into resiatance .50, USO tuern up will send it back down
[14:38] {Threei} can't call it as a trigger since it's more of relation than exact numbers
[14:38] {Threei} so if you understand the idea of a trade, try to find it
[14:38] {Threei} if not, ask
[14:38] {Threei} and I will do my best to pretend I understand what I just said
[14:39] {dptl} lol
[14:40] {dino} oh ohh, forgot order, s sm skyw .65
[14:40] {dino} stop hod
[14:43] {Threei} accordingly... IF USO drops, .51 will become UAUA long trigger
[14:43] {Threei} ummm... a bit late
[14:45] {dino} out cetv .65, +1.00
[14:46] {Threei} beauty
[14:46] {dino} ty
[14:46] {Threei} don't tell magoo I called you that
[14:46] {Chaeron} jealous?
[14:47] {Threei} I don't want to find out
[14:47] {dino} lol
[14:47] {hawkfan4} lol
[14:48] {Threei} watch LEH here
[14:48] {Threei} if NQ spikes sharply through 1810 LEH will jump too
[14:49] {Threei} it often gives little delay for entry when market makes sharp move
[14:49] {Threei} quite scalpable
[14:50] {Threei} feels like market spike is coming
[14:52] {Threei} 1810 break will launch it
[14:55] {dptl} laser gonna restart again
[14:56] {laserdave1} to ensure proper data they need to restart laser again
[14:56] {laserdave1} they are upgrading the server tonight
[14:56] {Threei} 14:56:18 ADMIN7 --} (All): This is an emergency issue, we are upgrading the server tonight, should not happen tomorrow.
[15:00] {Threei} here we go NQ
[15:04] {Threei} out LEH +.15
[15:05] {hawkfan4} nice, out +14
[15:05] {Threei} :)
[15:07] {Threei} jeez WB
[15:09] {Threei} this is one wierd market today
[15:09] {Threei} I believe we handled it very well
[15:10] {Threei} found a few good ones, avoided getting trapped into sudden changes
[15:10] {Threei} just one rinse
[15:10] {Threei} but heck... to be rinsed by LEH is like medal of honor
[15:10] {hawkfan4} very wierd day, herky jerky
[15:12] {Threei} let's sit out this up/donw jerkiness
[15:13] {Threei} LEH stabilized, oil is not impacting the day right now anymore,
[15:13] {Threei} WB is the only active spot
[15:14] {Threei} and we have WM reporting after close, right?
[15:14] {Threei} good enough reason not to touch WB right now
[15:15] {hawkfan4} yes, WM after close today
[15:25] {Threei} WB is likely to pullback hard now
[15:25] {Threei} which should provide bounce for a scalp
[15:26] {Threei} 15.5 - 15.7 area will get me interested
[15:26] {Threei} 15 will get me excited
[15:26] {Threei} 14 - delighted... 13 - depressed
[15:26] {Threei} just like this market
[15:28] {Threei} no pullback... oh well
[15:31] {peterg} short WB?
[15:31] {Threei} I don't think you can
[15:31] {Threei} test it by 100 shares at 17
[15:31] {peterg} Doesn't it itch to lose some weight?
[15:31] {Threei} I am sure you will get "not available"
[15:32] {Threei} it's one of financials put on "speacial no short" list
[15:32] {peterg} 200 at 16.05
[15:32] {Threei} why that low?
[15:32] {Threei} test is done away from market
[15:33] {Threei} stock pulled bacxxk about 70 cents, it's a lot of chasing
[15:35] {peterg} caved and bailed, throwing money to the winds
[15:35] {peterg} now it works
[15:35] {peterg} maybe
[15:35] {Threei} why not wait for bounce to short?
[15:36] {peterg} when bounce"
[15:36] {peterg} ?
[15:36] {Threei} closest resistance is 16.20 area now
[15:38] {Threei} WB is available
[15:38] {Threei} strange
[15:39] {Threei} watching for market turn to short
[15:39] {Threei} too spikey...
[15:43] {Threei} OK, short half lot
[15:43] {Threei} .65 stop
[15:43] {Threei} no worky
[15:45] {Threei} quite an amazing recovery in the market and financials
[15:45] {Threei} second try
[15:46] {Threei} got .72
[15:47] {Threei} out .45
[15:47] {Threei} got that stop back
[15:47] {peterg} you got WB at .72?
[15:47] {Threei} and covered at .45
[15:47] {peterg} masterful
[15:47] {peterg} envy
[15:48] {Threei} this is "multipe try" kind of trade
[15:48] {Threei} keep it to half lot and keep stops tight
[15:48] {peterg} disincentive on my platform is fixed price commissioin
[15:48] {Threei} if not so close to end of day, would try to hold for more drop
[15:48] {Threei} but with 10 min left, just satisfied with getting back first stop
[15:49] {Threei} yikes
[15:49] {Threei} per share price is the way to go unless you are trading 10-20K lots
[15:49] {peterg} working on it
[15:49] {Threei} gives you flexibiltiy to vary size
[15:49] {dino} think i'm calling it a day cov. skyw for sm loss. thanks all
[15:49] {Threei} to partial out
[15:49] {Threei} OK guys, quite a day
[15:49] {Threei} let's get some rest
[15:49] {dptl} have a good evening all :)
[15:50] {Threei} thank you all, havce a great evening
[15:50] {peterg} Im getting it see all later
[15:50] {hawkfan4} good idea, bye all, thx
[15:50] {Threei} see you tomorrow
[15:50] {Threei} for another session of therapy for maniak-depressive market
[15:51] {fernp} see you tomorrow
[15:52] {judijim} be back tomorrow, take care everyone
[08:54] {peterg} gm--I am out of computer hell, where competing security systems fought each other to a standstill on my platform. Ugly business.
[08:54] {peterg} Memo: one at a time, one at a time.....
[08:54] {Threei} good morning
[08:55] {Threei} Norton fighting Kaspersky for the right to kill Adaware... that must be some spectacle
[08:56] {peterg} iI could follow us and get mail, but nothing else.
[08:57] {dptl} good morning all
[08:57] {Threei} dp :)
[08:57] {kazaam} gm
[08:58] {Threei} kaz :)
[09:00] {Threei} financials continue rocking the market
[09:00] {Threei} SNDK ugly hit
[09:04] {GeoArb} gm
[09:04] {Threei} Geo :)
[09:11] {Threei} US TREASURY SEC PAULSON SAYS WE WILL ALWAYS HAVE BANK FAILURES, BUT DO NOT SECOND GUESS REGULATORS
[09:11] {Threei} - Adds that it is important that regulators anticipate problems
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {pita} gm all
[09:12] {Threei} pita :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:20] {fernp} Good morning all
[09:22] {Threei} fern :)
[09:22] {esemde} good morning.......
[09:22] {Threei} ese!
[09:22] {Threei} how's vacation going?
[09:22] {esemde} I'm back!....bitten to death...but i'm back
[09:23] {cosmo} SNDK
[09:23] {cosmo} tests
[09:23] {esemde} relaxing Vad...
[09:23] {esemde} will take me a few days to get into the swing of things here though..
[09:24] {esemde} hows the market been......earnings season?? anything out of the ordinary
[09:25] {Threei} very active
[09:25] {Threei} maniak-depressive
[09:25] {esemde} interesting...for the middle of summer?
[09:25] {Threei} yes
[09:25] {Threei} extreme optimism to totall depression and back, all within one day
[09:26] {esemde} how so?
[09:26] {cosmo} two poles
[09:28] {Threei} I guess I'll skip first few minutes to let the dust settle a litle
[09:28] {Threei} too many news shocks overnight
[09:28] {Threei} BAC, WB, V, AXP, SNDK
[09:28] {Threei} and none of them good
[09:29] {cosmo} SNDK needs to hold 14.25
[09:29] {cosmo} imho
[09:29] {Threei} FNM .50 break maybe
[09:30] {Threei} uhhu
[09:30] {Threei} lol
[09:32] {kazaam} i think you mean short at touch of 50 right? hehe
[09:32] {Threei} ok, worth a try for bounce soon FNM
[09:33] {Threei} FED'S PLOSSER: HOUSING STRUGGLES ARE SPECIFIC TO CERTAIN GEOGRAPHICAL AREAS, MONETARY POLICY CURRENTLY 'BETWEEN A ROCK AND A HARD PLACE' - Q&A
[09:33] {Threei} - Adds that it will take some time for inrerest rate cuts to move through the economy
[09:33] {Threei} - Policy has to focus on the 2009 economy outlook
[09:33] {Threei} - Action is need to address high inflation
[09:33] {Threei} 12 break
[09:33] {Threei} late?
[09:34] {tomg} in at 12.00 out at 12.60, ty vad
[09:34] {Threei} welcome, good job
[09:35] {tomg} only got 100, but happy :)
[09:40] {cosmo} BRCD 6.60 hod
[09:41] {cosmo} testing
[09:41] {cosmo} healer
[09:42] {cosmo} i think...
[09:43] {esemde} SVNT going nuts
[09:44] {Threei} no news
[09:44] {esemde} non that I can see
[09:45] {esemde} Vad do you see that as being less reliable?
[09:45] {Threei} ?
[09:45] {esemde} can't predict the momentum....
[09:46] {esemde} without news that is
[09:46] {Threei} not really... can be both ways
[09:47] {Threei} SNDK selling accelerates
[09:47] {esemde} hmmmmm has price target up 30 and possible buy out candidate.....SVNT
[09:48] {Threei} .51 I'd try long
[09:48] {Threei} if stays above .40
[09:48] {Threei} better yet above .45
[09:49] {esemde} BMRN also...bio tech....anyone have news on Bio Tech sector?
[09:50] {Threei} hmmm... market spike but what's following it?
[09:52] {dino} sm l de .01, stop lod
[09:52] {Threei} NNBR
[09:52] {Threei} 15 break long
[09:53] {esemde} now thats what i've missed....seeing dino in action....thing of beauty!!!
[09:53] {Threei} half lot NNBR
[09:53] {dino} lol es
[09:54] {dino} pcln blood
[09:55] {dino} pcln sm l .80 risky
[09:56] {kazaam} vad, on thin stock like nnbr is it better to get in before break?
[09:57] {esemde} NDX moving higher....early morning sell-off...finish the day strong????? any takers on that hteory
[09:57] {esemde} theory
[09:58] {dino} i think you are correct
[09:58] {dino} time will tell
[09:59] {esemde} looking at charts right now......gotta wonder whether markets have been severely sold at this point...
[10:00] {dino} pcln stopped
[10:00] {Threei} LEH
[10:00] {Threei} 18 break long if stays above .85
[10:02] {esemde} did you take it Vad? by the time i cued into it ...it was gone
[10:02] {Threei} yes
[10:02] {Threei} JULY RICHMOND FED MANUFACTURING INDEX: -16 V -9E
[10:02] {Threei} yikes
[10:04] {pita} LEH rinsed
[10:04] {dino} smaller shares, last try pcln l .00
[10:05] {Threei} oil drop supports market
[10:05] {Threei} looks like we are going with reverse logic now
[10:05] {Threei} bad news for the economy - oil drop - market up
[10:06] {Threei} that wasn't nice of LEH
[10:06] {pita} painful
[10:06] {dino} oih collapse
[10:07] {dino} out pcln .00, +1.00
[10:09] {Threei} FED'S PLOSSER REMARKS THAT THE CREDIT FACILITIES FROM THE FED ARE NOT INFLATIONARY, AND PRICE EXPECTATIONS ARE SHAKY YET STABLE
[10:09] {Threei} will they ever shut up?
[10:09] {dino} i was thinking the same thing
[10:10] {esemde} Not inflationary!!!!! NOT INFLATIONARY!!!!! ya print more moeny you get inflation!!!!!! what the???
[10:10] {hawkfan4} me too
[10:10] {dino} salvation through inflation is the theme
[10:10] {kazaam} well if its not inflationary they should just print some money and send it to us
[10:11] {dino} i want my losses re-imbursed
[10:12] {dino} :)
[10:12] {esemde} good one dino....
[10:13] {Threei} CEO: WACHOVIA IS 'ON STRONG FOOTING', HAVE 'DONE OUR BEST TO BE MORE CAUTIOUS' - CONF CALL
[10:13] {cosmo} strong, but shaky ...
[10:18] {kazaam} is nnbr still in play?
[10:18] {Threei} yes, as long as holding above .85
[10:19] {Threei} C
[10:19] {Threei} UPDATE: GOLDMAN SACHS ANALYST SEES FY08 EPS AT -$1.10 V -$1.20 PRIOR VIEW, FY09 AT $2.10 V $2.40 PRIOR
[10:20] {esemde} Vad ...on your trade the news site....is there anything on SVNT
[10:20] {esemde} been interesting watching it...
[10:20] {Threei} nope
[10:20] {esemde} tks
[10:24] {dino} fwlt sm l .50 stop lod
[10:24] {dino} grmn acting up again
[10:30] {Threei} with oil dropping, I'd expect ROYL to pick up some strength
[10:31] {Threei} no sign of it so far, but worth keeping eye on
[10:35] {Threei} I have troubles finding stocks that follow market today
[10:35] {Threei} it's like NQ moves by itself
[10:35] {Threei} MAY HOUSE PRICE INDEX: -0.3% V -0.8%E
[10:36] {dino} yeah, i've been telling magoo the indexes don't match what's happening
[10:37] {Threei} IMF'S LIPSKY: DETERIORATION IN INFLATION EXPECTATIONS ARE POTENTIALLY A SERIOUS GLOBAL RISK
[10:37] {Threei} DETERIORATION IN INFLATION EXPECTATION - Lipsky's good...
[10:43] {Threei} SNDK quieted down
[10:43] {cosmo} BRCD holds 6.80
[10:43] {cosmo} so far
[10:43] {Threei} .25 long if stays above .15
[10:44] {dino} .
[10:45] {cosmo} good point
[10:45] {Threei} fine point I'd say
[10:46] {dino} got knocked out of cyber, thought whole system was down
[10:47] {GeoArb} cruise companies seem to be killing it
[10:47] {dino} wow xto, great report, take it down. they trade like the commodity anymore
[10:48] {dino} i guess if oil goes to 100, xto goes to 1
[10:50] {Threei} out SNDK
[10:50] {Threei} +.25
[10:50] {tomg} wtg vad, beaut :)
[10:50] {Threei} :)
[10:52] {dino} amzn sm l .50 stop .13
[10:54] {cosmo} BRCD hod = 7.05 fyi
[10:55] {dino} amzn stopped -.37 that was quick
[10:55] {Chaeron} Good morning all
[10:56] {Threei} Chaeron :)
[10:57] {Threei} WB
[10:57] {Threei} NOT LOOKING TO ISSUE STOCK AS MEANS FOR RAISING CAPITAL
[10:59] {dino} yeah, right
[10:59] {Threei} WSJ: FORD WILL CONVERT 3 TRUCK PLANTS TO MAKE CARS - UNCONFIRMED REPORT
[11:09] {esemde} long ZION 26.40 half lot
[11:11] {esemde} stop 26.10
[11:18] {Threei} NNBR over 1:1 solidly
[11:19] {Threei} hard to tell whether it has more in it
[11:19] {pita} took .20 of ZION ese ty
[11:20] {Threei} nice one ZION
[11:20] {Threei} no takers on NNBR?
[11:20] {Threei} and no one but tom went for SNDK?
[11:20] {Threei} sheesh, just showering you guys with winning trades only to be ignored
06[11:21] * Threei removes himself to remote Tibet monastery for three years of highly focused navel-gazing
[11:22] {esemde} GJ pita...gonna hng in there a little longer
[11:22] {pita} worth holding
[11:22] {esemde} see if it can punch through 27
[11:22] {Threei} UAUA
[11:22] {Threei} REACHES AGREEMENT IN PRINCIPLE TO ENHANCE LIQUIDITY BY APPROXIMATELY $1.2B
[11:22] {Threei} - Announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. and Paymentech, one of its credit card processors, to extend the term of their respective agreements.
[11:22] {Threei} - United will receive a payment of $600M from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200M in the next two years.
[11:23] {esemde} if i get any resistance at 27 i'm outta there
[11:23] {Threei} missed news...
[11:24] {esemde} out ZION .85 +.45
[11:24] {esemde} sewer guys are here to do my drains
[11:25] {esemde} can't monitor it
[11:25] {esemde} i'll take .45
[11:25] {peterg} nice trade & good to have freshened sewers.
[11:26] {esemde} ya ...i'll say...
[11:26] {esemde} only 1 inch opening....pretty much blocked
[11:26] {esemde} could be tense around here for a couple of hours
[11:27] {laserdave1} hey guys just so you know
[11:27] {esemde} see you all a little later
[11:27] {laserdave1} laser will be going down for about 2 minutes
[11:27] {Threei} take care ese
[11:27] {laserdave1} will go down in about 10 minutes from now
[11:27] {laserdave1} it will go down for about 1 minute
[11:34] {Threei} sheesh UAUA
[11:36] {dptl} yeah....i grabbed lcc with it but only for 10c
[11:37] {laserdave1} ok laser back
[11:37] {laserdave1} log in guys
[11:38] {Threei} in
[11:38] {dptl} in
[11:40] {Chaeron} x
[11:46] {dptl} spr?
[11:50] {Threei} not sure
[11:50] {Threei} but getting interested in UAUA for bounce
[11:51] {dptl} ok ty
[11:51] {hawkfan4} took .20 on NNBR on the bounce, thx vad
[11:52] {Threei} :)
[11:52] {laserdave1} Chaeron dcc please
[12:06] {pita} later everyone
[12:07] {Threei} take care pita
[12:27] {Chaeron} .
[12:31] {Threei} WB, will get interested if drops to 13.5 at least
[12:34] {Threei} CSIQ sharp drop
[12:37] {dptl} qlgc?
[12:38] {Threei} I wouldn't
[12:38] {Threei} thick, slow
[12:38] {Threei} not what you want in lunch time
[12:38] {dptl} ok ty
[12:45] {Threei} market confused itself with all the morning jumps, decided to sit quietly and ponder next move
[12:46] {Threei} wow CSIQ
[12:47] {Threei} feels like quick drop to 28 or just under should provide bounce
[12:53] {Threei} too optimistic
[12:59] {Threei} UAUA .50 break for a scalp if holding above .35
[13:05] {dino} xmsr
[13:06] {dino} no merger
[13:08] {Threei} WSJ: 1 FCC MEMBER VOTES AGAINST MERGER WITH SIRI, VOTE NOW STANDS AS 2-1
[13:08] {Threei} - Note two members have yet to vote
[13:09] {dino} ahh
[13:21] {dino} out ma 270.75, +2.50 yesterday
[13:22] {hawkfan4} sweet
[13:22] {dino} lucky, gapped down hard off of amex
[13:37] {kazaam} wow, that is some disciplined sideways action
[13:39] {Threei} very much so
[13:43] {dino} sm l cetv .65, stop .29
[14:07] {Threei} 7.49 short scalp trigger for UAUA
[14:07] {Threei} if stays under .60
[14:13] {dptl} covered .38 uaua ty
[14:14] {Threei} :)
[14:14] {jmb} thanks Vad
[14:14] {Threei} welcome
[14:15] {Threei} just when everyone though I was in that monastery already eh?
[14:16] {Threei} CSIQ one more quick drop is coming
[14:17] {Threei} happened while I was typing actually, lol
[14:21] {Threei} absense of shorts on financials is inconvinient
[14:21] {Threei} look at 1 min FNM
[14:21] {Threei} was clean short setup at .50 break
[14:23] {hawkfan4} was pretty
[14:23] {Threei} if I were them, I'd do this ban differently
[14:24] {Threei} short to your heart content as long as you cover within same day
[14:24] {Threei} would bring net neutral result on day to day basis, and would provide a lot more liquidity
[14:25] {Threei} esentially stabilizing the price, and as a bonus providing serious fuel for upward move in case of good news
[14:25] {Chaeron} hmmm... Vad angling for head of SEC
[14:25] {Threei} I am more effective in a "behind the curtain consultant" role
[14:26] {Chaeron} as long as they pay you well
[14:26] {Threei} well?
[14:26] {Threei} nope
[14:26] {Threei} very well
[14:26] {Threei} that may do it
[14:27] {Chaeron} :)
[14:37] {Threei} watch USO and UAUA
[14:37] {Threei} now hat UAUA bounced back into resiatance .50, USO tuern up will send it back down
[14:38] {Threei} can't call it as a trigger since it's more of relation than exact numbers
[14:38] {Threei} so if you understand the idea of a trade, try to find it
[14:38] {Threei} if not, ask
[14:38] {Threei} and I will do my best to pretend I understand what I just said
[14:39] {dptl} lol
[14:40] {dino} oh ohh, forgot order, s sm skyw .65
[14:40] {dino} stop hod
[14:43] {Threei} accordingly... IF USO drops, .51 will become UAUA long trigger
[14:43] {Threei} ummm... a bit late
[14:45] {dino} out cetv .65, +1.00
[14:46] {Threei} beauty
[14:46] {dino} ty
[14:46] {Threei} don't tell magoo I called you that
[14:46] {Chaeron} jealous?
[14:47] {Threei} I don't want to find out
[14:47] {dino} lol
[14:47] {hawkfan4} lol
[14:48] {Threei} watch LEH here
[14:48] {Threei} if NQ spikes sharply through 1810 LEH will jump too
[14:49] {Threei} it often gives little delay for entry when market makes sharp move
[14:49] {Threei} quite scalpable
[14:50] {Threei} feels like market spike is coming
[14:52] {Threei} 1810 break will launch it
[14:55] {dptl} laser gonna restart again
[14:56] {laserdave1} to ensure proper data they need to restart laser again
[14:56] {laserdave1} they are upgrading the server tonight
[14:56] {Threei} 14:56:18 ADMIN7 --} (All): This is an emergency issue, we are upgrading the server tonight, should not happen tomorrow.
[15:00] {Threei} here we go NQ
[15:04] {Threei} out LEH +.15
[15:05] {hawkfan4} nice, out +14
[15:05] {Threei} :)
[15:07] {Threei} jeez WB
[15:09] {Threei} this is one wierd market today
[15:09] {Threei} I believe we handled it very well
[15:10] {Threei} found a few good ones, avoided getting trapped into sudden changes
[15:10] {Threei} just one rinse
[15:10] {Threei} but heck... to be rinsed by LEH is like medal of honor
[15:10] {hawkfan4} very wierd day, herky jerky
[15:12] {Threei} let's sit out this up/donw jerkiness
[15:13] {Threei} LEH stabilized, oil is not impacting the day right now anymore,
[15:13] {Threei} WB is the only active spot
[15:14] {Threei} and we have WM reporting after close, right?
[15:14] {Threei} good enough reason not to touch WB right now
[15:15] {hawkfan4} yes, WM after close today
[15:25] {Threei} WB is likely to pullback hard now
[15:25] {Threei} which should provide bounce for a scalp
[15:26] {Threei} 15.5 - 15.7 area will get me interested
[15:26] {Threei} 15 will get me excited
[15:26] {Threei} 14 - delighted... 13 - depressed
[15:26] {Threei} just like this market
[15:28] {Threei} no pullback... oh well
[15:31] {peterg} short WB?
[15:31] {Threei} I don't think you can
[15:31] {Threei} test it by 100 shares at 17
[15:31] {peterg} Doesn't it itch to lose some weight?
[15:31] {Threei} I am sure you will get "not available"
[15:32] {Threei} it's one of financials put on "speacial no short" list
[15:32] {peterg} 200 at 16.05
[15:32] {Threei} why that low?
[15:32] {Threei} test is done away from market
[15:33] {Threei} stock pulled bacxxk about 70 cents, it's a lot of chasing
[15:35] {peterg} caved and bailed, throwing money to the winds
[15:35] {peterg} now it works
[15:35] {peterg} maybe
[15:35] {Threei} why not wait for bounce to short?
[15:36] {peterg} when bounce"
[15:36] {peterg} ?
[15:36] {Threei} closest resistance is 16.20 area now
[15:38] {Threei} WB is available
[15:38] {Threei} strange
[15:39] {Threei} watching for market turn to short
[15:39] {Threei} too spikey...
[15:43] {Threei} OK, short half lot
[15:43] {Threei} .65 stop
[15:43] {Threei} no worky
[15:45] {Threei} quite an amazing recovery in the market and financials
[15:45] {Threei} second try
[15:46] {Threei} got .72
[15:47] {Threei} out .45
[15:47] {Threei} got that stop back
[15:47] {peterg} you got WB at .72?
[15:47] {Threei} and covered at .45
[15:47] {peterg} masterful
[15:47] {peterg} envy
[15:48] {Threei} this is "multipe try" kind of trade
[15:48] {Threei} keep it to half lot and keep stops tight
[15:48] {peterg} disincentive on my platform is fixed price commissioin
[15:48] {Threei} if not so close to end of day, would try to hold for more drop
[15:48] {Threei} but with 10 min left, just satisfied with getting back first stop
[15:49] {Threei} yikes
[15:49] {Threei} per share price is the way to go unless you are trading 10-20K lots
[15:49] {peterg} working on it
[15:49] {Threei} gives you flexibiltiy to vary size
[15:49] {dino} think i'm calling it a day cov. skyw for sm loss. thanks all
[15:49] {Threei} to partial out
[15:49] {Threei} OK guys, quite a day
[15:49] {Threei} let's get some rest
[15:49] {dptl} have a good evening all :)
[15:50] {Threei} thank you all, havce a great evening
[15:50] {peterg} Im getting it see all later
[15:50] {hawkfan4} good idea, bye all, thx
[15:50] {Threei} see you tomorrow
[15:50] {Threei} for another session of therapy for maniak-depressive market
[15:51] {fernp} see you tomorrow
[15:52] {judijim} be back tomorrow, take care everyone
Monday, July 21, 2008
Jul 21 2008
Session Time: Mon Jul 21 00:00:01 2008
[08:36] {Threei} Good morning
[08:36] {Threei} looks like all is well in da world today
[08:36] {Threei} everything' gapping up merrily
[08:37] {hawkfan4} good morning
[08:37] {Threei} hawk :)
[08:41] {Threei} should overall and financial rally continue, LEH becomes a long at 20.20
[08:51] {brian3579} gm all
[08:51] {Threei} brian :)
[08:54] {judijim} hello and good morning
[08:55] {Threei} jj :)
[08:56] {dptl} good morning all
[08:56] {Threei} dp :)
[09:07] {Threei} FNM forming support at 14.80
[09:08] {GeoArb} gm
[09:08] {Threei} Geo :)
[09:10] {pita} gm everyone
[09:11] {Threei} pita :)
[09:14] {Threei} watching FNM, if big offer at .98 gets taken, worth a half lot pre-market try
[09:19] {fernp} Good morning all
[09:19] {Threei} fern :)
[09:26] {dino} gm all
[09:26] {Threei} dino :)
[09:26] {Threei} 10 is interesting level for FRE
[09:27] {Threei} significant support in the past, turned into important resistance later on,
[09:27] {Threei} if can hold today siglas a lot of strength for further rally
[09:27] {Threei} signals
[09:29] {Threei} if you took FNM, feel free to grab "warm-up scalp"
[09:31] {Threei} FRE .21 long, stop under 10
[09:32] {Threei} fast swing to 1:1 and back
[09:33] {Threei} FNM is considerably stronegr
[09:36] {Threei} FNM .56 half lot long if not losing .40 anymore
[09:38] {Threei} over 1:1
[09:39] {Threei} touched under .40 briefly, hard to tell whether it was invalidation or just a fluke... kinf of discretionary
[09:39] {dino} out nue from friday late, +1.22
[09:39] {Threei} if you took it, get out here
[09:39] {kazaam} leh broke 20.20
[09:39] {Threei} dino :)
[09:39] {dino} i know, don't swing
[09:39] {Threei} LEH went too deep on pullback for my taste...
[09:40] {Threei} but with FNM continuing , probably worth a try
[09:40] {Threei} sheesh FNM
[09:41] {Threei} BAC
[09:41] {Threei} CEO: DOES NOT SEE US ECONOMY SLIDING INTO A NEGATIVE GROWTH SCENARIO FOR A LONG DURATION OF TIME, CFC ACQUISITION ON TRACK, ADDING TO PROFITS - CONF CALL
[09:41] {Threei} - Merger costs still seen at $1.2B
[09:41] {Threei} - Notes thet their credit losses are still rising, will deteriorate through 2008, yet most of the businesses are performing well
[09:43] {Threei} half out LEH who went for it
[09:43] {Threei} scalpers know what to do
[09:43] {Threei} 1:2
[09:43] {dino} artc
[09:44] {hawkfan4} 1/2 out leh + .55, thx vad
[09:44] {Threei} welcome :)
[09:44] {dino} gj
[09:45] {Threei} pullnack time is coming for LEH
[09:45] {Threei} I'd be out here
[09:45] {hawkfan4} out
[09:45] {dino} chic
[09:46] {Threei} this endless string of green bars is scary looking
[09:46] {Threei} when it ends, it derops so violently, beter be out before that
[09:46] {Threei} "sell when you can, not when you have to"
[09:46] {Threei} look at that
[09:47] {Threei} over 50 cents drop in one gasp
[09:47] {Threei} aren't you glad to give up last 5 cents and guard yourself against this
[09:47] {hawkfan4} you bet
[09:48] {Threei} reentry time is coming
[09:48] {Threei} ugh, late
[09:48] {Threei} don't chase
[09:49] {kazaam} possible BAC wedge
[09:50] {Threei} somewhat listless chart... can't tell on BAC, sorry
[09:50] {Threei} ok FNM, it's officially putting my exit call into "what was I thinking" category
[09:57] {Threei} MYGN
[09:58] {Threei} 61 break long half lot
[09:58] {Threei} stop under 60.80
[09:59] {Threei} WHITE HOUSE: EXPECTS MOVEMENT ON THE HOUSING BILL BY WEEK'S END
[10:00] {Threei} JUNE LEADING INDICATORS: -0.1% V -0.1%E
[10:02] {Threei} MYGN is not a scalp for me but manage your trade according to your trading plan
[10:05] {Threei} SGLP
[10:05] {Threei} UPDATE: PRICE TARGET LOWERED TO $10 FROM $38 AT RBC CAPITAL; MAINTAINS SECTOR PERFORM RATING
[10:05] {Threei} - pre-open
[10:06] {Threei} market looks wierd
[10:07] {Threei} non-scalping part no go MYGN
[10:11] {dino} aste
[10:13] {peterg} gm--connect chatline but dead for stox..grrrrr
[10:14] {Threei} morning peter
[10:16] {Threei} BRKS
[10:16] {Threei} .84 - .85 long if stays above .75
[10:21] {kazaam} everybody went to sleep kinda early this morning
[10:21] {Threei} you assume someone actually ever woke up
[10:21] {Threei} that's not a given
[10:21] {kazaam} ahhh, mistake number one
[10:22] {dino} sm l aste .92, stop .59
[10:24] {dino} etm s .92 stop hod
[10:24] {GeoArb} i need stronger coffee... riding BRL slow....
[10:25] {Threei} BRKS invalidated
[10:33] {dino} v sm artc l .80
[10:33] {dino} wide
[10:34] {dino} nope, stopped
[10:38] {Threei} getting interested in FNM again
[10:39] {Threei} worth a try as close to .50 as possible, can take a few attempts
[10:41] {Threei} ALTH
[10:41] {Threei} .50 break long
[10:41] {Threei} aww
[10:41] {kazaam} darn, was waiting for it to hit .62
[10:41] {Threei} too fast
[10:41] {Threei} see if gives pullback
[10:42] {Threei} anyone found FNM entry?
[10:44] {hawkfan4} missed it
[10:44] {fernp} no. too fast
[10:48] {kazaam} vad, any read on SII?
[10:48] {Threei} 85 is obvious support
[10:48] {Threei} worth a try off it
[10:48] {Threei} just a bit too volatile to rely on exact numbers,
[10:48] {Threei} gotta o with fuzzy "areas"
[10:49] {Threei} WB
[10:49] {Threei} .51 long if stays above .35
[10:50] {Threei} wierd spikes NQ
[10:51] {Threei} SGLP... no more bankruptsy or what
[10:52] {Chaeron} Good morning all
[10:52] {Threei} chaeron :)
[10:54] {Threei} anyone took ALTH on pullback to .50?
[10:56] {dino} mancehester securities and alerian capital assume control of sglp
[10:56] {Threei} I wish I understood what that means :)
[11:03] {Threei} ALTH is pregnant with runner status
[11:04] {Threei} not for chasing here though
[11:05] {Threei} how did I miss CLNE 13 break
[11:06] {kazaam} BRL breakout?
[11:06] {kazaam} oh, i guess i missed it
[11:06] {Threei} Geo is in it from earlier
[11:07] {Threei} I think from way earlier
[11:07] {Threei} 64 or so?
[11:08] {Threei} LEH half lot long 20.03
[11:08] {Threei} stop under .90
[11:09] {Threei} .80 is better pronounced support but I would like to keep it to scalping mostly at this point
[11:10] {GeoArb} sitting in it from .30.... in and out of office
[11:11] {Threei} grrrr MYGN
[11:11] {Threei} rinsed
[11:14] {Threei} OSTK small shares short .55
[11:14] {Threei} if stays under .75
[11:17] {Threei} feel free to cover as yuou see fit
[11:22] {fernp} excelent Vad. TY
[11:23] {Threei} :)
[11:23] {Threei} power of momentum is amazing... it's down so much over last days and still drops
[11:24] {Threei} FNM... time to try it again, may take multiple attempts
[11:24] {Threei} .75 with stop under .60 first try
[11:26] {Threei} if stopped next support is .50
[11:26] {Threei} sheesh OSTK
[11:26] {Threei} anyone had mor patience than I did?
[11:27] {kazaam} wish i got in, took a bathroom break and missed LVS as well
[11:27] {GeoArb} too much info
[11:27] {Threei} lol
[11:28] {kazaam} hehe
[11:28] {GeoArb} long enuff break to miss not one but 2 plays !!!!!!!!!!!!!!
[11:28] {GeoArb} :)
[11:30] {Threei} ah come on FNM, isn't $3 pullback from high deserving an entry?
[11:30] {Threei} apparently not
[11:34] {pita} later everyone
[11:35] {Threei} take care pita
[11:35] {dino} aste stop to .32
[11:35] {dino} etm bstop to b/e
[11:39] {Threei} LEH bounce time very soon
[11:40] {Threei} hard to pin;point exact entry
[11:40] {Threei} if you get a feel for it, great
[11:40] {Threei} if not, stay away
[11:40] {dino} out aste .63 +.71
[11:40] {Threei} wtg
[11:40] {dino} ty
[11:41] {dino} took awhile, but hey
[11:41] {dino} etm to .72
[11:46] {dino} etm stopped/cov .73 +.19
[11:57] {Threei} if FNM goes as low as 15 I will buy without second thought
[11:57] {Threei} (I think)
06[11:58] * Threei slaps laserdave1 around a bit with a large trout
06[11:58] * Chaeron slaps laserdave1 around a bit with a large trout
[12:00] {dino} ma gap fill
[12:01] {Threei} one more leg down probably, for both market and FNM, and bounce should develop
[12:04] {Threei} in FNM{ try #1
[12:04] {Threei} stop 0.09
[12:07] {dino} v sm l ma .25 risky, v wide
[12:09] {Threei} ok market, enough games... time to move
[12:11] {Threei} FNM needs to sell under 15
[12:11] {Threei} will be impossible to call in time
[12:12] {Threei} same thing as before - if you get a read on it, go for it
[12:12] {Threei} if not, stay on a sideline
[12:27] {kazaam} what a mess
[12:27] {Threei} Monday... hangover...
[12:28] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[12:28] {dino} grmn
[12:30] {Threei} don't see any news for this spike
[12:30] {dino} me niether
[12:33] {Threei} anyone got FNM?
[12:33] {hawkfan4} .93
[12:33] {Threei} beauty... wtg
[12:35] {hawkfan4} out +.47, thx. rather buy it back than watch it teleport do 15 again
[12:36] {dino} gj
[12:37] {hawkfan4} thx dino
[12:39] {dino} :)
[12:45] {dptl} mdco?
[12:45] {Threei} why not
[12:45] {Threei} chart's right, market is moving
[12:46] {dptl} l .21
[12:46] {dptl} stop under .06?
[12:47] {Threei} or under 21
[12:47] {Threei} both make sense
[12:47] {dptl} ok ty
[13:02] {dptl} sun?
[13:03] {Threei} ywes, not a cloud here
[13:04] {dptl} .40 break with stop under .20
[13:04] {Threei} .40 if holding above .25, IMO
[13:04] {dptl} ok ty
[13:04] {Threei} lunch time... things are less eactive
[13:06] {Chaeron} Ben Franklin summed it up well. In times of stress, the three best things to have are an old dog, an old wife and ready money. How right he was.
[13:07] {Chaeron} ooops sorry
[13:07] {Threei} why then do all those people with ready money leave old dog to old wife and go for new wife
[13:08] {Chaeron} lol
[13:08] {GeoArb} lol
[13:08] {Chaeron} fools
[13:08] {dptl} mir?
[13:08] {GeoArb} thats in times of less stress
[13:08] {Threei} MIR intraday looks nice, but there is .81 resistance from yesterday, very close
[13:09] {dptl} yes.
[13:11] {dptl} grabbed 10c mir
[13:11] {Threei} went through both
[13:11] {Threei} nice one
[13:11] {dptl} offering .37 mdco
[13:12] {Threei} dptl, the lunch time money machine
[13:12] {dptl} :) trying
[13:14] {dptl} should i keep same stop on mdco?
[13:14] {Threei} it formed new support at .15
[13:14] {Threei} so, either .14 if you are strict
[13:14] {Threei} or .09 to pad it a bit
[13:14] {dptl} thats what i think
[13:16] {dptl} sun held.25
[13:18] {dptl} got .42 sun
[13:26] {dptl} out mdco +.16
[13:26] {Threei} :)
[13:27] {dptl} :) now if you can kick that sun:)
[13:29] {Threei} good enough?
[13:29] {dptl} lol a bit more may be or that will be pushing
[13:30] {Threei} it will... but I'll try... just for you
[13:31] {dptl} thanx Vad
[13:31] {dptl} offering .57
[13:37] {dptl} hmm..amazing ...nice kick Vad out .57 thx lol
[13:38] {Threei} welcome sir
[13:38] {Threei} just ask
[13:38] {dptl} :)
[13:50] {dptl} nrg?
[13:53] {Threei} .26 is obvious trigger but I don't see defined support for stop placement for now
[13:54] {dptl} sun again
[13:55] {dptl} yes same here can't find stop for nrg
[13:55] {Threei} see if COST forms double bottom
[13:55] {Threei} .91 would be long if holding above .70
[14:00] {dino} i was watching cost too
[14:01] {Threei} cool, let's name the thing for move to 70.50
[14:01] {dino} ok
[14:01] {Threei} name = nail
[14:04] {Threei} lost support in validating double bottom
[14:04] {Threei} invalifating
[14:04] {Threei} ok, whatever
[14:04] {GeoArb} lol
[14:09] {dino} i like it here w/stop at .48ish
[14:29] {dptl} sho
[14:31] {Threei} I'd expect FNM to try a run once again before day is over
[14:32] {Threei} OPEC PRESIDENT NOTES THAT THERE IS ADEQUATE EXTRA CAPACITY TO MEET AN INCREASE IN DEMAND
[14:32] {Threei} {USO}
[14:32] {Threei} I guess 15 break
[14:32] {Threei} and as usual... can take a few tries
[14:33] {Threei} don't touch it if not ready for that
[14:33] {Threei} oil spike weighs on market
[14:34] {dptl} l sho .06 stop .94
[14:36] {Threei} come on FNM
[14:36] {Threei} your day high is 3,5 dolars away for pete's sake
[14:36] {Threei} can't you try and make at least 1/7 of tat?
[14:36] {Threei} than
[14:37] {Threei} that
[14:37] {Threei} magoo would be proud of me
[14:37] {GeoArb} vad in that scanner setting..... FDG
[14:38] {Threei} nice one
[14:39] {dino} gj
[14:40] {GeoArb} i was down for the day ... got greedy....FDG made me flat
[14:40] {GeoArb} now i am going to sit in the corner
[14:41] {GeoArb} coal sector hot
[14:42] {dino} up here, but slow day
[14:43] {GeoArb} finally feels a litle like summer
[14:46] {Threei} WHITE HOUSE REPORTEDLY EXPECTS IRAN TO REJECT MOST RECENT NUCLEAR OFFER
[14:46] {Threei} - reminder: at the weekend meetings in Geneva, the six major powers set a 2 week deadline for Iran, or it will face further sanctions
[14:55] {GeoArb} vad.... UYG basing nicely at lows
[14:55] {GeoArb} any read?
[14:55] {GeoArb} oops
[14:59] {GeoArb} paid
[15:01] {GeoArb} anyone else take it?
[15:01] {GeoArb} or summer siesta? :)
[15:03] {GeoArb} .
[15:03] {GeoArb} am i logged in?
[15:04] {Chaeron} yes geo :)
[15:04] {Threei} I guess
[15:04] {patience} i think so
[15:04] {GeoArb} thanks
[15:04] {GeoArb} i guess i am just being ignored
[15:05] {Threei} well, look at it this way
[15:05] {GeoArb} oooooo
[15:05] {Threei} someone should take magoo's place for a week
[15:05] {GeoArb} es breaks low
[15:05] {patience} i miss magoo
[15:05] {Chaeron} me too... Vad... please edit this out :)
[15:06] {Threei} yeah right
[15:06] {Chaeron} just didn't want in writing LOL
[15:06] {GeoArb} sentiments sensntiments
[15:07] {Threei} I am more likely to add than edit out
[15:07] {dino} ohhh mannnnnnnnn, do not let him hear that
[15:08] {dino} and here i sit enjoying the quiet
[15:08] {GeoArb} anyone in anything interesting?
[15:08] {GeoArb} i asm still short uyg
[15:08] {dino} interesting no
[15:09] {dptl} stopped sho -.07...got to go.......have a good evening all:)
[15:09] {dino} u2 dp
[15:09] {Threei} take care dp
[15:15] {Threei} tough ending so far, don't see any more or less safe play
[15:15] {Threei} FNM break of .50 is asking to be bought
[15:15] {Threei} but not much worked on it since its retreat from highs
[15:16] {judijim} take care all, be back tomorrow
[15:16] {Threei} take care jj
[15:22] {peterg} ok, finally arrived after day of resolving computer issues; so whats up?
[15:22] {peterg} must make money in ten minutes
[15:22] {peterg} revenge trading
[15:22] {Threei} great way to lose some
[15:22] {peterg} I know; I'll wait til tomorrow; have no feel.
[15:27] {Threei} neither dio I
[15:28] {Threei} you know what... I think let's call it a day, market is confused and I don't want to do anything potentially hurtful
[15:28] {Threei} USO rally put a drag on market
[15:28] {Threei} and financial's strength disapeared
[15:29] {Threei} thank you all, have a great evening, see you tomorrow
[15:29] {hawkfan4} cya vad, thx
[15:30] {peterg} tomorrow
[15:30] {fernp} bye
[15:33] {peterg} laserdave, you there? CDCC
[15:45] {dino} cost stopped -.27
[15:59] {dino} ok calling it a day, take care all
[15:59] {dino} holding ma, v sm
[08:36] {Threei} Good morning
[08:36] {Threei} looks like all is well in da world today
[08:36] {Threei} everything' gapping up merrily
[08:37] {hawkfan4} good morning
[08:37] {Threei} hawk :)
[08:41] {Threei} should overall and financial rally continue, LEH becomes a long at 20.20
[08:51] {brian3579} gm all
[08:51] {Threei} brian :)
[08:54] {judijim} hello and good morning
[08:55] {Threei} jj :)
[08:56] {dptl} good morning all
[08:56] {Threei} dp :)
[09:07] {Threei} FNM forming support at 14.80
[09:08] {GeoArb} gm
[09:08] {Threei} Geo :)
[09:10] {pita} gm everyone
[09:11] {Threei} pita :)
[09:14] {Threei} watching FNM, if big offer at .98 gets taken, worth a half lot pre-market try
[09:19] {fernp} Good morning all
[09:19] {Threei} fern :)
[09:26] {dino} gm all
[09:26] {Threei} dino :)
[09:26] {Threei} 10 is interesting level for FRE
[09:27] {Threei} significant support in the past, turned into important resistance later on,
[09:27] {Threei} if can hold today siglas a lot of strength for further rally
[09:27] {Threei} signals
[09:29] {Threei} if you took FNM, feel free to grab "warm-up scalp"
[09:31] {Threei} FRE .21 long, stop under 10
[09:32] {Threei} fast swing to 1:1 and back
[09:33] {Threei} FNM is considerably stronegr
[09:36] {Threei} FNM .56 half lot long if not losing .40 anymore
[09:38] {Threei} over 1:1
[09:39] {Threei} touched under .40 briefly, hard to tell whether it was invalidation or just a fluke... kinf of discretionary
[09:39] {dino} out nue from friday late, +1.22
[09:39] {Threei} if you took it, get out here
[09:39] {kazaam} leh broke 20.20
[09:39] {Threei} dino :)
[09:39] {dino} i know, don't swing
[09:39] {Threei} LEH went too deep on pullback for my taste...
[09:40] {Threei} but with FNM continuing , probably worth a try
[09:40] {Threei} sheesh FNM
[09:41] {Threei} BAC
[09:41] {Threei} CEO: DOES NOT SEE US ECONOMY SLIDING INTO A NEGATIVE GROWTH SCENARIO FOR A LONG DURATION OF TIME, CFC ACQUISITION ON TRACK, ADDING TO PROFITS - CONF CALL
[09:41] {Threei} - Merger costs still seen at $1.2B
[09:41] {Threei} - Notes thet their credit losses are still rising, will deteriorate through 2008, yet most of the businesses are performing well
[09:43] {Threei} half out LEH who went for it
[09:43] {Threei} scalpers know what to do
[09:43] {Threei} 1:2
[09:43] {dino} artc
[09:44] {hawkfan4} 1/2 out leh + .55, thx vad
[09:44] {Threei} welcome :)
[09:44] {dino} gj
[09:45] {Threei} pullnack time is coming for LEH
[09:45] {Threei} I'd be out here
[09:45] {hawkfan4} out
[09:45] {dino} chic
[09:46] {Threei} this endless string of green bars is scary looking
[09:46] {Threei} when it ends, it derops so violently, beter be out before that
[09:46] {Threei} "sell when you can, not when you have to"
[09:46] {Threei} look at that
[09:47] {Threei} over 50 cents drop in one gasp
[09:47] {Threei} aren't you glad to give up last 5 cents and guard yourself against this
[09:47] {hawkfan4} you bet
[09:48] {Threei} reentry time is coming
[09:48] {Threei} ugh, late
[09:48] {Threei} don't chase
[09:49] {kazaam} possible BAC wedge
[09:50] {Threei} somewhat listless chart... can't tell on BAC, sorry
[09:50] {Threei} ok FNM, it's officially putting my exit call into "what was I thinking" category
[09:57] {Threei} MYGN
[09:58] {Threei} 61 break long half lot
[09:58] {Threei} stop under 60.80
[09:59] {Threei} WHITE HOUSE: EXPECTS MOVEMENT ON THE HOUSING BILL BY WEEK'S END
[10:00] {Threei} JUNE LEADING INDICATORS: -0.1% V -0.1%E
[10:02] {Threei} MYGN is not a scalp for me but manage your trade according to your trading plan
[10:05] {Threei} SGLP
[10:05] {Threei} UPDATE: PRICE TARGET LOWERED TO $10 FROM $38 AT RBC CAPITAL; MAINTAINS SECTOR PERFORM RATING
[10:05] {Threei} - pre-open
[10:06] {Threei} market looks wierd
[10:07] {Threei} non-scalping part no go MYGN
[10:11] {dino} aste
[10:13] {peterg} gm--connect chatline but dead for stox..grrrrr
[10:14] {Threei} morning peter
[10:16] {Threei} BRKS
[10:16] {Threei} .84 - .85 long if stays above .75
[10:21] {kazaam} everybody went to sleep kinda early this morning
[10:21] {Threei} you assume someone actually ever woke up
[10:21] {Threei} that's not a given
[10:21] {kazaam} ahhh, mistake number one
[10:22] {dino} sm l aste .92, stop .59
[10:24] {dino} etm s .92 stop hod
[10:24] {GeoArb} i need stronger coffee... riding BRL slow....
[10:25] {Threei} BRKS invalidated
[10:33] {dino} v sm artc l .80
[10:33] {dino} wide
[10:34] {dino} nope, stopped
[10:38] {Threei} getting interested in FNM again
[10:39] {Threei} worth a try as close to .50 as possible, can take a few attempts
[10:41] {Threei} ALTH
[10:41] {Threei} .50 break long
[10:41] {Threei} aww
[10:41] {kazaam} darn, was waiting for it to hit .62
[10:41] {Threei} too fast
[10:41] {Threei} see if gives pullback
[10:42] {Threei} anyone found FNM entry?
[10:44] {hawkfan4} missed it
[10:44] {fernp} no. too fast
[10:48] {kazaam} vad, any read on SII?
[10:48] {Threei} 85 is obvious support
[10:48] {Threei} worth a try off it
[10:48] {Threei} just a bit too volatile to rely on exact numbers,
[10:48] {Threei} gotta o with fuzzy "areas"
[10:49] {Threei} WB
[10:49] {Threei} .51 long if stays above .35
[10:50] {Threei} wierd spikes NQ
[10:51] {Threei} SGLP... no more bankruptsy or what
[10:52] {Chaeron} Good morning all
[10:52] {Threei} chaeron :)
[10:54] {Threei} anyone took ALTH on pullback to .50?
[10:56] {dino} mancehester securities and alerian capital assume control of sglp
[10:56] {Threei} I wish I understood what that means :)
[11:03] {Threei} ALTH is pregnant with runner status
[11:04] {Threei} not for chasing here though
[11:05] {Threei} how did I miss CLNE 13 break
[11:06] {kazaam} BRL breakout?
[11:06] {kazaam} oh, i guess i missed it
[11:06] {Threei} Geo is in it from earlier
[11:07] {Threei} I think from way earlier
[11:07] {Threei} 64 or so?
[11:08] {Threei} LEH half lot long 20.03
[11:08] {Threei} stop under .90
[11:09] {Threei} .80 is better pronounced support but I would like to keep it to scalping mostly at this point
[11:10] {GeoArb} sitting in it from .30.... in and out of office
[11:11] {Threei} grrrr MYGN
[11:11] {Threei} rinsed
[11:14] {Threei} OSTK small shares short .55
[11:14] {Threei} if stays under .75
[11:17] {Threei} feel free to cover as yuou see fit
[11:22] {fernp} excelent Vad. TY
[11:23] {Threei} :)
[11:23] {Threei} power of momentum is amazing... it's down so much over last days and still drops
[11:24] {Threei} FNM... time to try it again, may take multiple attempts
[11:24] {Threei} .75 with stop under .60 first try
[11:26] {Threei} if stopped next support is .50
[11:26] {Threei} sheesh OSTK
[11:26] {Threei} anyone had mor patience than I did?
[11:27] {kazaam} wish i got in, took a bathroom break and missed LVS as well
[11:27] {GeoArb} too much info
[11:27] {Threei} lol
[11:28] {kazaam} hehe
[11:28] {GeoArb} long enuff break to miss not one but 2 plays !!!!!!!!!!!!!!
[11:28] {GeoArb} :)
[11:30] {Threei} ah come on FNM, isn't $3 pullback from high deserving an entry?
[11:30] {Threei} apparently not
[11:34] {pita} later everyone
[11:35] {Threei} take care pita
[11:35] {dino} aste stop to .32
[11:35] {dino} etm bstop to b/e
[11:39] {Threei} LEH bounce time very soon
[11:40] {Threei} hard to pin;point exact entry
[11:40] {Threei} if you get a feel for it, great
[11:40] {Threei} if not, stay away
[11:40] {dino} out aste .63 +.71
[11:40] {Threei} wtg
[11:40] {dino} ty
[11:41] {dino} took awhile, but hey
[11:41] {dino} etm to .72
[11:46] {dino} etm stopped/cov .73 +.19
[11:57] {Threei} if FNM goes as low as 15 I will buy without second thought
[11:57] {Threei} (I think)
06[11:58] * Threei slaps laserdave1 around a bit with a large trout
06[11:58] * Chaeron slaps laserdave1 around a bit with a large trout
[12:00] {dino} ma gap fill
[12:01] {Threei} one more leg down probably, for both market and FNM, and bounce should develop
[12:04] {Threei} in FNM{ try #1
[12:04] {Threei} stop 0.09
[12:07] {dino} v sm l ma .25 risky, v wide
[12:09] {Threei} ok market, enough games... time to move
[12:11] {Threei} FNM needs to sell under 15
[12:11] {Threei} will be impossible to call in time
[12:12] {Threei} same thing as before - if you get a read on it, go for it
[12:12] {Threei} if not, stay on a sideline
[12:27] {kazaam} what a mess
[12:27] {Threei} Monday... hangover...
[12:28] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[12:28] {dino} grmn
[12:30] {Threei} don't see any news for this spike
[12:30] {dino} me niether
[12:33] {Threei} anyone got FNM?
[12:33] {hawkfan4} .93
[12:33] {Threei} beauty... wtg
[12:35] {hawkfan4} out +.47, thx. rather buy it back than watch it teleport do 15 again
[12:36] {dino} gj
[12:37] {hawkfan4} thx dino
[12:39] {dino} :)
[12:45] {dptl} mdco?
[12:45] {Threei} why not
[12:45] {Threei} chart's right, market is moving
[12:46] {dptl} l .21
[12:46] {dptl} stop under .06?
[12:47] {Threei} or under 21
[12:47] {Threei} both make sense
[12:47] {dptl} ok ty
[13:02] {dptl} sun?
[13:03] {Threei} ywes, not a cloud here
[13:04] {dptl} .40 break with stop under .20
[13:04] {Threei} .40 if holding above .25, IMO
[13:04] {dptl} ok ty
[13:04] {Threei} lunch time... things are less eactive
[13:06] {Chaeron} Ben Franklin summed it up well. In times of stress, the three best things to have are an old dog, an old wife and ready money. How right he was.
[13:07] {Chaeron} ooops sorry
[13:07] {Threei} why then do all those people with ready money leave old dog to old wife and go for new wife
[13:08] {Chaeron} lol
[13:08] {GeoArb} lol
[13:08] {Chaeron} fools
[13:08] {dptl} mir?
[13:08] {GeoArb} thats in times of less stress
[13:08] {Threei} MIR intraday looks nice, but there is .81 resistance from yesterday, very close
[13:09] {dptl} yes.
[13:11] {dptl} grabbed 10c mir
[13:11] {Threei} went through both
[13:11] {Threei} nice one
[13:11] {dptl} offering .37 mdco
[13:12] {Threei} dptl, the lunch time money machine
[13:12] {dptl} :) trying
[13:14] {dptl} should i keep same stop on mdco?
[13:14] {Threei} it formed new support at .15
[13:14] {Threei} so, either .14 if you are strict
[13:14] {Threei} or .09 to pad it a bit
[13:14] {dptl} thats what i think
[13:16] {dptl} sun held.25
[13:18] {dptl} got .42 sun
[13:26] {dptl} out mdco +.16
[13:26] {Threei} :)
[13:27] {dptl} :) now if you can kick that sun:)
[13:29] {Threei} good enough?
[13:29] {dptl} lol a bit more may be or that will be pushing
[13:30] {Threei} it will... but I'll try... just for you
[13:31] {dptl} thanx Vad
[13:31] {dptl} offering .57
[13:37] {dptl} hmm..amazing ...nice kick Vad out .57 thx lol
[13:38] {Threei} welcome sir
[13:38] {Threei} just ask
[13:38] {dptl} :)
[13:50] {dptl} nrg?
[13:53] {Threei} .26 is obvious trigger but I don't see defined support for stop placement for now
[13:54] {dptl} sun again
[13:55] {dptl} yes same here can't find stop for nrg
[13:55] {Threei} see if COST forms double bottom
[13:55] {Threei} .91 would be long if holding above .70
[14:00] {dino} i was watching cost too
[14:01] {Threei} cool, let's name the thing for move to 70.50
[14:01] {dino} ok
[14:01] {Threei} name = nail
[14:04] {Threei} lost support in validating double bottom
[14:04] {Threei} invalifating
[14:04] {Threei} ok, whatever
[14:04] {GeoArb} lol
[14:09] {dino} i like it here w/stop at .48ish
[14:29] {dptl} sho
[14:31] {Threei} I'd expect FNM to try a run once again before day is over
[14:32] {Threei} OPEC PRESIDENT NOTES THAT THERE IS ADEQUATE EXTRA CAPACITY TO MEET AN INCREASE IN DEMAND
[14:32] {Threei} {USO}
[14:32] {Threei} I guess 15 break
[14:32] {Threei} and as usual... can take a few tries
[14:33] {Threei} don't touch it if not ready for that
[14:33] {Threei} oil spike weighs on market
[14:34] {dptl} l sho .06 stop .94
[14:36] {Threei} come on FNM
[14:36] {Threei} your day high is 3,5 dolars away for pete's sake
[14:36] {Threei} can't you try and make at least 1/7 of tat?
[14:36] {Threei} than
[14:37] {Threei} that
[14:37] {Threei} magoo would be proud of me
[14:37] {GeoArb} vad in that scanner setting..... FDG
[14:38] {Threei} nice one
[14:39] {dino} gj
[14:40] {GeoArb} i was down for the day ... got greedy....FDG made me flat
[14:40] {GeoArb} now i am going to sit in the corner
[14:41] {GeoArb} coal sector hot
[14:42] {dino} up here, but slow day
[14:43] {GeoArb} finally feels a litle like summer
[14:46] {Threei} WHITE HOUSE REPORTEDLY EXPECTS IRAN TO REJECT MOST RECENT NUCLEAR OFFER
[14:46] {Threei} - reminder: at the weekend meetings in Geneva, the six major powers set a 2 week deadline for Iran, or it will face further sanctions
[14:55] {GeoArb} vad.... UYG basing nicely at lows
[14:55] {GeoArb} any read?
[14:55] {GeoArb} oops
[14:59] {GeoArb} paid
[15:01] {GeoArb} anyone else take it?
[15:01] {GeoArb} or summer siesta? :)
[15:03] {GeoArb} .
[15:03] {GeoArb} am i logged in?
[15:04] {Chaeron} yes geo :)
[15:04] {Threei} I guess
[15:04] {patience} i think so
[15:04] {GeoArb} thanks
[15:04] {GeoArb} i guess i am just being ignored
[15:05] {Threei} well, look at it this way
[15:05] {GeoArb} oooooo
[15:05] {Threei} someone should take magoo's place for a week
[15:05] {GeoArb} es breaks low
[15:05] {patience} i miss magoo
[15:05] {Chaeron} me too... Vad... please edit this out :)
[15:06] {Threei} yeah right
[15:06] {Chaeron} just didn't want in writing LOL
[15:06] {GeoArb} sentiments sensntiments
[15:07] {Threei} I am more likely to add than edit out
[15:07] {dino} ohhh mannnnnnnnn, do not let him hear that
[15:08] {dino} and here i sit enjoying the quiet
[15:08] {GeoArb} anyone in anything interesting?
[15:08] {GeoArb} i asm still short uyg
[15:08] {dino} interesting no
[15:09] {dptl} stopped sho -.07...got to go.......have a good evening all:)
[15:09] {dino} u2 dp
[15:09] {Threei} take care dp
[15:15] {Threei} tough ending so far, don't see any more or less safe play
[15:15] {Threei} FNM break of .50 is asking to be bought
[15:15] {Threei} but not much worked on it since its retreat from highs
[15:16] {judijim} take care all, be back tomorrow
[15:16] {Threei} take care jj
[15:22] {peterg} ok, finally arrived after day of resolving computer issues; so whats up?
[15:22] {peterg} must make money in ten minutes
[15:22] {peterg} revenge trading
[15:22] {Threei} great way to lose some
[15:22] {peterg} I know; I'll wait til tomorrow; have no feel.
[15:27] {Threei} neither dio I
[15:28] {Threei} you know what... I think let's call it a day, market is confused and I don't want to do anything potentially hurtful
[15:28] {Threei} USO rally put a drag on market
[15:28] {Threei} and financial's strength disapeared
[15:29] {Threei} thank you all, have a great evening, see you tomorrow
[15:29] {hawkfan4} cya vad, thx
[15:30] {peterg} tomorrow
[15:30] {fernp} bye
[15:33] {peterg} laserdave, you there? CDCC
[15:45] {dino} cost stopped -.27
[15:59] {dino} ok calling it a day, take care all
[15:59] {dino} holding ma, v sm
Friday, July 18, 2008
Jul 18 2008
Session Time: Fri Jul 18 00:00:00 2008
[08:29] {magoo} morning
[08:29] {Threei} good morning
[08:32] {cosmo} checking
[08:33] {cosmo} MDVN: Medivation announced publication of results of its first Alzheimer's disease pivotal clinical trial of the investigational drug DimebonBriefing.com(Fri 7:44am)
[08:33] {Threei} that gives us hope
[08:34] {cosmo} coffee?
[08:34] {cosmo} nah
[08:34] {magoo} m9orning
[08:40] {cosmo} hmm....that drug wears off fast...
[08:41] {magoo} yes coffee..ty
[08:41] {cosmo} $2
[08:49] {judijim} good morning all
[08:51] {Threei} jj :)
[08:53] {Threei} looks like C saves the day so far, ofsetting bad reports by GOOG and MER
[08:54] {fernp} Good morning
[08:54] {Threei} fern :)
[08:54] {Threei} one bad thing is, Cramer called oil top
[08:55] {peterg} morning all
[08:55] {Threei} peter :)
[08:55] {Threei} we may be looking at possibility of unexpected run by MER
[08:56] {cosmo} eslr
[08:56] {Threei} it's down not that much, and recovered nicely already
[08:56] {Threei} could be a surprise run
[08:56] {cosmo} filling gap so far
[08:57] {Threei} .20 break maybe worth a careful try on MER
[08:57] {Threei} ESLR is nasty stock...
[08:59] {cosmo} it heard that
[09:03] {Threei} WEDBUSH MORGAN RAISED ESLR TO BUY FROM HOLD
[09:06] {Threei} feel free to take MER scalp who went for it
[09:08] {Threei} any takers?
[09:09] {hawkfan4} missed it, was taking out the garbage, nice call
[09:09] {dino} gm all
[09:10] {pita} gm all
[09:10] {kazaam} gm
[09:12] {dptl} good morning all
[09:12] {Threei} morning everyone
[09:13] {peterg} more to say about MER?
[09:14] {peterg} interesting
[09:14] {magoo} beauty vad..i guess i just had a 500 bux phone call because i was going tom take it
[09:14] {Threei} ugh
[09:14] {dino} sglp liquidity issues, chapter 11 options discussed
[09:14] {Threei} will be on watch peter
[09:14] {magoo} locked loaded ring
[09:14] {magoo} ugh
[09:14] {GeoArb} gm
[09:14] {Threei} right now after over 1 dollar run from a trigger, what to say... :)
[09:14] {Threei} Geo :)
[09:16] {Threei} wow dino
[09:16] {Threei} how nice of them to tell us today :)
[09:18] {magoo} vad, its avail short sglp
[09:19] {Threei} 07/17/08 08:11pm
[09:19] {Threei} [SGLP] SemGroup Energy Partners Comments on today's decline in its share price: Has been informed by SemGroup, SGLP's parent, that SemGroup is experiencing liquidity issues and is exploring various alternatives
[09:19] {Threei} - Various alternatives include raising additional equity, debt capital or the filing of a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code
[09:25] {dino} as if nobody knew yesterday, sheesh
[09:26] {dino} meaning, somebody knew
[09:27] {Threei} isn't it remarkable that market is capable of sshrugging off GOOG miss
[09:27] {Threei} just shows how much it is about financials and oil right now
[09:28] {GeoArb} also options expiration wierdness?
[09:28] {Threei} probably, yes
[09:29] {Threei} LEH is either .80 break of pullback to .40... really can't tell which entry is better
[09:31] {Threei} pullback that was... very fast, not an easy entry
[09:31] {Threei} anyone got it?
[09:32] {hawkfan4} nope
[09:32] {dino} need coffee
[09:32] {fernp} no here
[09:32] {Threei} FRE 8.80 support
[09:33] {Threei} take scalp if got it
[09:33] {tomg} got leh and fre, ty vad
[09:33] {Threei} wow tom, you have amazing reflexes
[09:33] {tomg} nah
[09:33] {tomg} play 3d pinball at nite :)
[09:34] {Threei} lol
[09:34] {hawkfan4} nice vad, got .25 on fre, thx
[09:34] {Threei} :)
[09:35] {Threei} LEH one more leg down for entry
[09:35] {Threei} somewhere under .50 I think
[09:36] {magoo} lil deep?
[09:36] {Threei} in
[09:36] {Threei} stop under 18
[09:36] {magoo} in .25
[09:38] {peterg} in .15
[09:39] {Threei} out .60
[09:40] {Threei} a bit too nervous move
[09:40] {hawkfan4} out .55, nice
[09:40] {kazaam} very nice
[09:40] {magoo} missed exit
[09:40] {kazaam} i take it you guys have been having a good week?
[09:40] {Threei} very kaz
[09:40] {magoo} was out .74
[09:41] {peterg} system froze; got out for a dime
[09:41] {Threei} aww
[09:42] {peterg} yep
[09:42] {Threei} sorry peter... hooked great entry
[09:42] {Threei} beat mine by 3 cents
[09:42] {Threei} FRE, if sells fast into 8.20
[09:43] {Threei} maybe wishful thinking
[09:43] {Threei} but let's see
[09:43] {Threei} 8.40 is support too but something tells me it's not going to hol
[09:44] {Threei} "something" was right
[09:45] {Threei} not sure it can go as far as 8.20
[09:45] {dino} ostk
[09:45] {Threei} but glad I didn't take 8.40, struggling here
[09:45] {Threei} if it goes from here so be it
[09:45] {Threei} FNM
[09:46] {Threei} .50 closest support
[09:46] {Threei} in, stop .39
[09:47] {Threei} trailing to .49 if takes .65
[09:47] {Threei} trailed
[09:49] {Threei} maybe getting greedy, but heck... my risk is about 10 cents here
[09:49] {magoo} i dont wanna miss this exoit..where u thinking?
[09:50] {Threei} between .80 and .90 most likely
[09:50] {dino} risky sm v l .15
[09:50] {dino} stop lod
[09:50] {Threei} out
[09:51] {Threei} sharp market downtick
[09:51] {Threei} don't want top get caught
[09:51] {Threei} srtill looks good but it's friday
[09:51] {Threei} taking easy money
[09:52] {Threei} lol, tell longer term traders and investors that we call FRE/FNM/LEH etc easy money
[09:52] {magoo} ogk, out fnm.91
[09:52] {peterg} out at .84, =.18; left too soon maybe
[09:52] {magoo} fre.67 and lucky on leh .54
[09:52] {peterg} nice magoo
[09:52] {magoo} a lil luck nice sometimes up good..cant begin to calculate
[09:53] {dino} luck is half the game
[09:53] {Threei} I don't care what Raven says... I 've NEVER seen summer trading that active, readable and consistently profitable
[09:55] {pita} got sm piece of LEH and FRE -- TY Vad
[09:55] {dino} v stopped
[09:55] {Threei} welcome pita :)
[09:58] {magoo} dont jinx it vad
[09:58] {Threei} well, I still think we are to see some slowdown in August
[09:58] {Threei} but most likely not aas severe as usual
[09:59] {Threei} too much is going on
[09:59] {peterg} Sovereign wealth funds, Dark Pools
[09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[09:59] {Threei} dark pools - I don't know what the fuss is about
[10:00] {Threei} I don't see it as something significant
[10:00] {peterg} nice place for fear to locate
[10:01] {peterg} 92.3% of news is fear
[10:01] {magoo} [09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[10:01] {peterg} echo?
[10:02] {dino} i agree vad, this summer is nuts
[10:02] {magoo} a trader this morn on cnbc said normally be at hamptons already for weekend...but to much happening
[10:02] {dino} black swan circling
[10:02] {peterg} yes, and the scale of happenings is way to big for the markets just to go on vaction.
[10:02] {Threei} lol peter
[10:03] {dino} no matter peter, because i am, end of next week, sunset beach, nc, mid. aug. jamaica
[10:03] {peterg} sounds good
[10:03] {dino} indeed
[10:03] {dino} much needed mind erasing
[10:03] {peterg} fond memories of jamacai, weeds, drinx etc
[10:04] {dino} my 5th time going there, this time taking kids
[10:04] {peterg} go be rasta wif spliff
[10:04] {Threei} my mind erasing will happen in Alaska
[10:04] {magoo} btw, i will be out all next weekend...my boy is going to mx camp annd i have to be there..mechanac and mentor capacity..he is only 9
[10:04] {dino} cruise tour, you will love it
[10:04] {Threei} booked that heli tour you mentioned dino
[10:04] {Threei} 4 glaciers adventure, right?
[10:05] {GeoArb} have fun guys..... my parents visiting all aug/sep and in laws oct/nov
[10:05] {dino} awesome
[10:05] {GeoArb} dunno if its :) or :(
[10:05] {peterg} sum of each
[10:05] {Threei} lol... take care geo
[10:05] {Threei} also, train to White Pass in Skagway
[10:05] {magoo} vad, book the white water raft tour also
[10:05] {peterg} say chaps, where is there some money to be made?
[10:06] {magoo} real fun
[10:06] {dino} we took the train to denaili, took about 8 hours, but really fun
[10:06] {peterg} $$$$
[10:06] {dino} dog sleds, gold mining, etc
[10:06] {magoo} teach u to row together across glacier lake..stop on river island for booze
[10:07] {magoo} we did alaskan cruise as a honeymopon
[10:07] {dino} peter i think ostk off of .25 l
[10:07] {Threei} not sure I still have room for more tours... but will look into it, thanks for the tip
[10:07] {dino} also watching cetv
[10:07] {magoo} oh, i did train ride in skagway, real cool
[10:08] {dino} i fondly remember the ship selling buckets of becks'
[10:08] {GeoArb} lol
[10:08] {GeoArb} thtats the memory?
[10:08] {magoo} i liked the ship casino..no kiding..i luv roulette wheel
[10:08] {dino} cetv l sm .90, wide, wild moves
[10:09] {peterg} watching--little scary
[10:09] {Threei} for some reason I am totally cold to casinos
[10:09] {Threei} 3 times in Vegas, no single game, can you imagine
[10:09] {Threei} SGLP recovery or what
[10:10] {magoo} you'll only find magoo at the wheel with drink in hand..hate the blackjack tables
[10:10] {dino} same here 3i, casinos feel like work to me
[10:10] {Threei} boring work at that
[10:11] {cosmo} i like the archaeology in that area
[10:11] {peterg} Pacinko parlours in japan
[10:11] {cosmo} paleo too
[10:12] {dino} i like the bikini clad women by the ships' pool
[10:12] {Threei} SQNM
[10:12] {GeoArb} i am with magoo on that
[10:12] {kazaam} ibm l .43
[10:12] {GeoArb} live more fun
[10:12] {Threei} small shares long on pullback to .60, stop under .40 and hold for something good as magoo says
[10:14] {Threei} first strength from here
[10:14] {magoo} in .57
[10:15] {dino} sglp spike
[10:15] {Threei} MER
[10:15] {Threei} 38 break long half lot
[10:16] {Threei} 30, sorry
[10:16] {Threei} stop under 29.80
[10:16] {dino} v last try .00 l
[10:17] {magoo} in mer .05
[10:17] {dino} pete was right ostk
[10:17] {magoo} was fast
[10:17] {Threei} SQNM slowly trying
[10:18] {Threei} with any help it's capable of really strong runs
[10:18] {kazaam} stupid chart not updating on sqnm, I will just have to pretend I got in with you guys on SQNM
[10:18] {magoo} tough mkt for help tho boss
[10:18] {Threei} stop is small enough to try and give it a chance
[10:20] {magoo} stalking RIMM
[10:20] {magoo} if IF mkt can bounce..nice long ..risky not in
[10:20] {Threei} kazaam, look dcc please
[10:21] {magoo} how come i never get a "magoo look dcc?"
[10:21] {Threei} OK... magoo, look dcc (just keep in mind there is none)
[10:21] {peterg} tks dino, absorbed in SQNM
[10:21] {magoo} shit, i went there he he
[10:21] {Threei} gotcha!'
[10:22] {magoo} :)
[10:22] {Threei} SQNM tries the high again even as market retreats
[10:22] {Threei} it's volatile one
[10:23] {Threei} that's why I wanted small shares - it acts similarly to days when it posts big gains so I want to be able to hold through it's swings
[10:24] {magoo} l rimm small .90
[10:24] {Threei} MER stop to .85
[10:27] {dptl} stop under .60 now sqnm?
[10:28] {Threei} I'd move it after new high is made
[10:28] {dptl} ok ty
[10:28] {Threei} and pad it a bit, do not overtighten
[10:29] {Threei} I mean under .60 doesn't mean .59 in SQNM's case
[10:31] {Threei} no worky MER
[10:34] {kazaam} maybe MER break of 30.18?
[10:34] {magoo} l aapl here super small
[10:35] {Threei} only is some activity returns, it loses life
[10:35] {Threei} maybe Fridfay effect, maybe something else
[10:37] {magoo} in aapl .24
[10:37] {magoo} stop .90
[10:38] {Threei} FRE
[10:38] {Threei} REPORTEDLY PLANS TO SELL $1B 3 MONTH, $1B IN 6 MONTH AND $1B IN 12 MONTH BILLS JULY 21 SCHEDULED TO SETTLE 22
[10:38] {Threei} market tripped of something again
[10:39] {magoo} stopped aapl
[10:39] {Chaeron} good morning everyone
[10:39] {magoo} sigh
[10:39] {dino} that was me
[10:39] {Threei} chaeron :)
[10:39] {Chaeron} nice to see you too magoo :)
[10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:40] {Threei} I don't know why I post it
[10:40] {dino} post what
[10:40] {peterg} because your car is made in china
[10:40] {Threei} [10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:41] {peterg} btw, the US emerged victorious in the glorious struggle against the capitalist roaders of China.
[10:41] {dino} busting you
[10:41] {dino} algt sm s .65, stop .10
[10:45] {dino} dmnd
[10:47] {magoo} man vad FNM
[10:49] {dino} algt stopped .00 -.35
[10:51] {Threei} I don't see news that rocketed financials
[10:54] {hawkfan4} me either, wild
[11:06] {dino} out v .55 +.55
[11:08] {dino} ipcc
[11:09] {dino} missed
[11:11] {dino} fwlt sm l .10
[11:11] {dino} stop lod
[11:11] {Threei} WHITE HOUSE: A GOAL FOR A "GENERAL TIME HORIZON' HAS REPORTEDLY BEEN REACHED BY IRAQ AND THE US ON POTENTIAL TROOP WITHDRAWALS
[11:13] {dino} lets see, usa will pay iran, iran will take money, iran will then say no
[11:13] {dino} opps read that as iran
[11:14] {dino} in any case, thats next week on nukes
[11:14] {magoo} ok, have errand, be back hour
06[11:14] * Threei kicks SQNM in the rear with heavy duty army boots
[11:15] {Threei} we will pretend we miss you magooski
[11:15] {pita} day job calling - thanks for positive day!
[11:15] {Threei} wtg pita
[11:16] {Threei} FNM another round
[11:16] {Chaeron} bye pita... hurry back magoo
[11:16] {Threei} good job pretending chaeron
[11:16] {Chaeron} yeah... I thought it was worth a shot
[11:17] {Threei} it was... sorry for spoiling your effort by accidcenatlly pasting to magoo your private message to me "Close the door FAST while he is out"
[11:18] {Threei} FRE .86 very risky long trigger
[11:19] {Threei} SQNM new high finally
[11:21] {dptl} you still in?
[11:22] {Threei} SQNM? of course
[11:22] {Threei} FRE my stop .65
[11:22] {dptl} ok
[11:24] {dptl} offering .97 sqnm
[11:24] {GeoArb} done for the day.......VTR was my vehicle today
[11:24] {GeoArb} thanks all
[11:25] {Threei} take care Geo... you really need to start sharing your vehicles
[11:25] {GeoArb} simple pattern.... JBE on yesterday's high
[11:25] {GeoArb} vad i even mentioed the setup
[11:25] {GeoArb} "the basterdized version"
[11:25] {Threei} sorry, I must have slept through it
[11:25] {GeoArb} emailing you the config now
[11:26] {dptl} so...stop under .60 now..since its made new high?
[11:26] {Threei} yes, .55 for me
[11:26] {dptl} ok ty
[11:29] {GeoArb} emailed vad.....
[11:29] {Threei} ty
[11:32] {GeoArb} if this keeps up.... i might be able to go on vacations like you guys !
[11:35] {GeoArb} hmmm no humor
[11:35] {Threei} what else is new
[11:35] {GeoArb} guess these guys like vads humor OOOOOOO
[11:36] {Threei} that tells you something, doesn't it
[11:37] {GeoArb} what do you think of the scan vad?
[11:37] {GeoArb} i combined 2 of yours
[11:37] {Threei} gosh, let me observe it for a few :)
[11:37] {GeoArb} i meant the parameters
[11:38] {Threei} want to watch alerts first
[11:38] {Threei} to get an idea of what it hunts for, then reviews parameters
[11:38] {GeoArb} i switch between new high ve new resistence alerts
[11:38] {GeoArb} depending on how man i want
[11:38] {GeoArb} many
[11:41] {dino} v sm l skf .75
[11:41] {GeoArb} he he skf :)
[11:41] {GeoArb} dino can your platform short skf?
[11:42] {GeoArb} i almost never get shorts permission
[11:42] {kazaam} most etfs are not shortable
[11:42] {dino} no geo
[11:42] {GeoArb} why? i wonder
[11:43] {GeoArb} i guess i could go long uyg
[11:43] {dino} things that are bigger than i understand i guess
[11:43] {GeoArb} but not enough oomph
[11:44] {Threei} US SEC OF STATE RICE REPORTEDLY ACKNOWLEDGES THE US POLICY SHIFT ON IRAN WITH ITS DECISION TO SEND A SENIOR ENVOY TO GENEVA FOR THE NUCLEAR TALKS THIS WEEKED
[11:44] {dino} wow, i'm an oracle
[11:45] {GeoArb} we will hold hands and sing songs
[11:45] {dino} my earlier rant about iran
[11:46] {GeoArb} i have lived in middle east for about 20 years
[11:46] {GeoArb} and its not pretty and thats an understatement
[11:49] {dino} one place i will never go to
[11:50] {GeoArb} egypt and jordan and turkey have some amazing architecture though
[11:51] {GeoArb} wierd choppy day
[11:51] {patience} options expiry and weirded out market
[11:52] {GeoArb} off to day job to work for mortgage.... happy trading all
[11:53] {dino} cya geo
[11:57] {dino} out skf .25, +1.50
[11:58] {kazaam} nice one
[11:58] {patience} major envy dino, nice trading
[11:59] {dino} ty
[11:59] {dino} small size patience
[11:59] {dino} it moves a buck fast, so entries tough
[12:01] {kazaam} dino, what made you think long on skf? i reason i ask is i could only see short
[12:03] {dino} dji strated to drop, financials are heavy weight in dji. thats it
[12:03] {dino} i try not to think too much
[12:04] {dino} pull up 5 day dji, 5 day skf
[12:04] {dptl} more and more i see its always work ....not thinking:)
[12:05] {dino} took me years to
[12:05] {dino} "get" that
[12:05] {dptl} :)
[12:05] {dino} the less i know the better i trade
[12:06] {peterg} trade what you see not what you think
[12:06] {kazaam} thanks for your perspective dino, yeah i replaced thinking with eating
[12:07] {peterg} good plan
[12:07] {dino} lol kaz, and yes pete
[12:07] {dptl} or drinking
[12:07] {dino} keep it simple, right vad
[12:08] {Threei} even that is too complicated for me
[12:08] {dino} ipcc feels one more fast drop then bounce
[12:13] {peterg} in at .12
[12:17] {dino} ipcc?
[12:17] {peterg} yes shd v waited for a bit but well see
[12:18] {dino} keep you stop, doesn't matter then
[12:18] {peterg} finger on trigger
[12:18] {dino} you want to know where i'm bidding it? you'll laugh
[12:18] {peterg} id love a laugh
[12:19] {dino} 41.30
[12:19] {peterg} make my day
[12:19] {dino} back in 30 wife to lunch
[12:20] {dino} i will leave the bid there
[12:22] {peterg} lunch & fear got me out -.04
[12:23] {peterg} just in time
[12:28] {magoo} magoo back in-da-house
[12:29] {Threei} uh oh
[12:29] {Threei} sorry chaeron... I forgot to lock the door
[12:30] {Chaeron} *sigh*
[12:32] {magoo} well???
[12:32] {Chaeron} oh, sorry... Great to see you again Magoo!
[12:33] {magoo} no..was waiting to hear about all the great trades i missed
[12:35] {Chaeron} hmmmm... let's see... there was the triple-sized RIMM long off 109.55 out 110.46
[12:36] {Chaeron} then the short of AAPL on break of 167 - cover at 166.35... more?
[12:37] {magoo} wow..new it
[12:38] {laserdave1} ibm interesting
[12:38] {laserdave1} only .30 away from high
[12:38] {laserdave1} dangerous though
[12:39] {laserdave1} no pos will look at it if it takes a run at high
[12:40] {dptl} stopped sqnm
[12:44] {magoo} aapl looks good here
[12:45] {magoo} thats .50 cents
[12:47] {laserdave1} hey mags whats up
[12:47] {laserdave1} with your other good friend there
[12:47] {magoo} lazer
[12:47] {laserdave1} RIMM
[12:48] {laserdave1} its strong again
[12:48] {laserdave1} not in it
[12:48] {magoo} like aapl as bouncer better if IF mkt bounces
[12:48] {laserdave1} market hovering on support
[12:49] {magoo} feels up
[12:49] {magoo} mkt that is
[12:50] {Threei} I am feelingless
[12:50] {Threei} let's rely on your feel
[12:50] {magoo} and mean spirited too
[12:50] {Threei} mine took early weekend
[12:50] {Threei} oh, mean-spirited I am always
[12:51] {magoo} especially towards magoo ive noticed
[12:51] {Threei} actually no... it's universal...
[12:52] {Threei} I just enjoy expressing it openly toward magoo morfe than toward others {G}
[12:53] {magoo} oh..so then....i special
[12:53] {Threei} but of course
[13:03] {laserdave1} GOOG
[13:03] {laserdave1} extreme danger
[13:06] {magoo} afterhrs low was 470
[13:07] {magoo} vad..news AAPL?
[13:08] {dino} pete, ugh, ipcc would\'ve worked for you
[13:08] {Threei} no mags
[13:15] {magoo} read on AAPL vad
[13:15] {Threei} pullback to 166 is where I would try
[13:16] {laserdave1} mags dcc
[13:25] {laserdave1} peter dcc
[13:26] {Threei} dave is on dcc spree
[13:27] {kazaam} hurrrmph, SII
[13:27] {kazaam} darn
[13:28] {Threei} FRE
[13:28] {Threei} SEC HAS APPROVED SHARE REGISTRATION; CLEARS WAY TO RAISE FRESH CAPITAL
[13:28] {Threei} - Spokesman says there is no immediate need to raise fresh capital
[13:28] {Threei} - Updated their internal controls and financial reporting processes and is now an SEC registrant and reporting company
[13:29] {dino} apei
[13:30] {dino} too gast
[13:31] {Threei} itching to short WM
[13:33] {magoo} RIMM vad..unreal
[13:34] {Threei} oullback worth a try... with any market help should give about 50 cents easily
[13:38] {dino} sm l v .00
[13:41] {Threei} short WM .90
[13:41] {Threei} 6.01 stop
[13:46] {Threei} LEH feels like preparing for a jump
[13:47] {magoo} whats the call boss?
[13:47] {Threei} pullback would be great
[13:47] {Threei} .35-.40 area
[13:47] {Threei} not sure about break
[13:49] {Threei} overall, has this look about it
[13:49] {Threei} like retesting 20
[13:49] {Threei} WM 1:1
[13:49] {laserdave1} Wm where is exit Vad
[13:49] {laserdave1} ?
[13:50] {Threei} has a lot of downside... try to cover half on the next leg down, around .75 or so and ride the rest
[13:50] {laserdave1} ok
[13:51] {Threei} OFHEO: NOTES THAT IN REGARDS TO THE FILING BY FRE THIS MORNING, THE AGENCY IS 'PLEASED'
[13:51] {Threei} {FRE FNM}
[13:51] {Threei} here it is
[13:51] {kazaam} why short on WM vad? because of daily resistance?
[13:51] {Threei} double top on 1 min
[13:51] {Threei} daily resistance
[13:51] {Threei} dog with fleas
[13:52] {Threei} a lot of reasons :)
[13:53] {fernp} good one Vad. TY
[13:53] {Threei} :)
[13:53] {dino} iclr hmmm
[13:57] {laserdave1} nice call WM Vad
[13:57] {laserdave1} I like yes
[13:57] {Threei} :)
[13:58] {laserdave1} keep goinggggggggggg
[13:59] {laserdave1} had to take profits
[13:59] {laserdave1} needed that one
[13:59] {laserdave1} ty
[13:59] {Threei} welcome
[13:59] {laserdave1} it was awesome for a 5$ stock
[13:59] {jmb} thanks Vad
[13:59] {Threei} jmb :)
[14:01] {laserdave1} market might roll
[14:01] {laserdave1} wow
[14:01] {laserdave1} so tight
[14:01] {Threei} in LEH, .25 stop
[14:02] {dino} sm l iclr .00
[14:03] {Threei} half out .53
[14:03] {Threei} +.18
[14:03] {Threei} stop .29
[14:05] {magoo} vad..ironic...revshark on realmoney says "slow summer action"
[14:05] {magoo} he he
[14:06] {Threei} we must be on different planets
[14:06] {Chaeron} TokyoJoe says..... heheheh
[14:07] {laserdave1} if .75 lets go
[14:07] {laserdave1} iwill short em at .74
[14:07] {magoo} i know..u saying never seen it this hectic
[14:07] {magoo} wha thew
[14:07] {laserdave1} haha gone as im typing
[14:07] {laserdave1} now back
[14:08] {laserdave1} ok im short
[14:08] {laserdave1} stop .80 for me
[14:10] {magoo} mit grupen un fuerer
[14:10] {laserdave1} any call on market Vad?
[14:11] {laserdave1} what a tight range
[14:11] {Threei} feeling is,
[14:11] {Threei} ramp up
[14:11] {Threei} violent
[14:12] {laserdave1} ok thanks
[14:12] {kazaam} violent sounds good
[14:12] {cosmo} not just one of those lazy summer afternoons?
[14:12] {Threei} nope
[14:12] {cosmo} on a fri?
[14:12] {Threei} nope
[14:13] {Threei} a few shakes, then explosive move up
[14:13] {cosmo} hmm...full moon got ya?
[14:13] {Chaeron} choice?
[14:14] {Threei} LEH
[14:14] {laserdave1} out wm
[14:14] {Chaeron} shoot I miss?
[14:15] {laserdave1} wm i stoppe dout of short
[14:15] {Threei} shakeouts are not over yet probably
[14:15] {laserdave1} market is real whippy in this range
[14:15] {magoo} u in LEH vad?
[14:16] {laserdave1} fake one way then next
[14:16] {Threei} half
[14:16] {magoo} what entry?
[14:16] {Threei} sold first half earlier and posted
[14:16] {Threei} .35
[14:16] {Threei} [14:03] {Threei} half out .53
[14:16] {Threei} [14:03] {Threei} +.18
[14:17] {magoo} ok
[14:17] {dino} risky, sm l apei .79
[14:19] {Threei} ok NQ, it's time
[14:20] {Chaeron} too late for entry LEH?
[14:20] {Threei} no
[14:20] {Threei} .33 was besutiful entry
[14:24] {Threei} come on market... while we are young
[14:26] {kazaam} yep yep, where are you steel boots?
[14:26] {kazaam} that might make it angry
[14:26] {Threei} frikin oil spikingh
[14:27] {Threei} stiopped
[14:28] {Threei} looking for better entry
[14:33] {dino} apei stopped
[14:33] {dino} spinning my wheels
[14:33] {dino} pins and needles, needles and pins......
[14:41] {Threei} really long stall
[14:41] {dino} no old honeymooners fans i see
[14:43] {Threei} need USO to lose 104 probably to give a spark to market
[14:47] {peterg} missed all the action--dr. will fix my knee for ten grand
[14:47] {peterg} lower bids, anyone?
[14:47] {Threei} I can do it for free but my tools are limited to sledgehammer
[14:48] {peterg} you have skill with sledge
[14:48] {dino} iclr stop to .47
[14:48] {dino} vad will make your good knee look like your bad one
[14:49] {peterg} then ill be knock-kneed
[14:49] {Threei} actually... I make a kneee to look like there is no knee
[14:50] {Threei} oh good
[14:50] {Threei} FEDS STERN IS WORRIED ABOUT THE PROSPECTS OF INFLATION
[14:50] {Threei} you don't say
[14:50] {cosmo} oh
[14:52] {Threei} ZION
[14:52] {Threei} DECLARES REGULAR DIVIDEND OF $0.43
[14:52] {Threei} - The dividend is payable August 20, 2008 to shareholders of record on August 6, 2008.
[14:53] {Threei} FED CAN NOT WAIT FOR THE END OF A CRISIS TO INCREASE RATES, SEES SIMILIARITES BETWEEN CREDIT CRUNCH NOW AND EARLY 90S
[14:53] {Threei} - Stern remarks that the Fed is in good position to handle downside risks to growth
[14:57] {dino} stopped iclr .50, +.50
[14:58] {magoo} markets crazy here
[15:02] {Chaeron} LEH here?
[15:03] {Threei} market recovers but LEH is still waiting for something
[15:03] {Threei} not sure
[15:06] {dino} nue sm l .75 stop lod
[15:10] {Threei} FNM .75 worth a try long
[15:12] {Threei} anyone got it or too fast?
[15:12] {magoo} missed but beauty vad
[15:12] {Threei} ticked as I typed
[15:12] {Threei} missed LEH
[15:12] {Threei} looks like rally time finally came, but one more pullback is likely
[15:12] {dino} v stop to .40
[15:13] {dino} out +.40
[15:14] {Threei} wtg
[15:14] {peterg} out LEH at .07, + 22
[15:14] {Threei} good one peter
[15:14] {dino} gj peter
[15:14] {peterg} gotta learn to wait;
[15:15] {peterg} thks esp chaeron for suggestion
[15:16] {dino} i don't know about waiting, seems i'm giving back a lot of scalps lately, because of greed
[15:16] {peterg} I think I leave early cz of fear
[15:16] {peterg} often
[15:16] {peterg} workn on it
[15:21] {laserdave1} dcc please Peter
[15:22] {Threei} SEC CONFIRMS EXEMPTION OF MARKET MAKERS FROM 'NAKED SHORT' SALE RULE, ORDERS CAN BE PLACED WITHOUT DELAY
[15:24] {cosmo} sqnm
[15:25] {cosmo} gonna b/o
[15:25] {Threei} RIMM, sheesh
[15:25] {peterg} back off?
[15:25] {cosmo} break out
[15:25] {peterg} b/o
[15:25] {peterg} tks
[15:25] {cosmo} not so soon
[15:34] {Threei} CFTC REPORTEDLY RECLASSIFYING CERTAIN ENERGY TRADER POSITIONS
[15:35] {cosmo} to the financials?
[15:38] {cosmo} we could have a 'watt' based currency
[15:44] {hawkfan4} headed out, have a great weekend all, nice week. thx vad
[15:44] {Threei} take care hawk, wtg
[15:45] {hawkfan4} :) cya
[15:45] {Threei} FDIC'S BEAR SAYS INSURANCE FUND IS "QUITE ADEQUATE" TO HANDLE BANK FAILURES
[15:46] {Chaeron} More confincing if his name was Bull
[15:46] {cosmo} and his last name?
[15:46] {Chaeron} :)
[15:47] {Threei} yeah... what kind of name is it to give siundbites to a market
[15:49] {kazaam} have a good weekend yall
[15:49] {kazaam} cya
[15:49] {Threei} take care kaz
[15:49] {magoo} c u kaz
[15:50] {Threei} quite nice ramp up into closee
[15:51] {magoo} u called it...thats why sometimes i ask u what u feeling?
[15:51] {Threei} look FNM
[15:52] {laserdave1} just shorted WM
[15:52] {laserdave1} stop at 6.01
[15:54] {peterg} short RIMM at .78
[15:56] {peterg} out .55 +23
[15:56] {Threei} nice scalping footwork
[15:57] {peterg} shudda stayed longer but didn't want to spend weekend with RIMM
[15:58] {dino} gj
[15:58] {peterg} tks; how close to bell can you sell?
[15:59] {Threei} slow summer action eh?
[15:59] {magoo} vad, remember to enjoy next week..i rarely take off
[15:59] {Threei} only if you are watching BXMNF I suppose
[15:59] {Threei} you are off next week?
[15:59] {magoo} yes, whole week
[16:00] {Threei} have fun
[16:00] {dino} slacker
[16:00] {Threei} we will be here when you are back
[16:00] {Threei} wait don't leave yet
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:00] {Threei} now you can leave
[16:00] {Threei} thank you all, have a great weekend
[16:00] {Threei} see you on Monday
[16:01] {peterg} thanks group! See you Monday
[16:01] {magoo} TY boss
[16:01] {magoo} ty all
[16:01] {peterg} bye Mags have fun
[16:01] {magoo} trade well without magoo:)
[16:01] {peterg} it wont be the same
[16:01] {magoo} chaer, taking son to mx camp whole week
[16:02] {Chaeron} whos???
[16:02] {magoo} tony d
[16:02] {dptl} have a good weekend all:)
[16:02] {Chaeron} Great!! DiStefano!
[16:04] {Chaeron} take pics man...
[16:05] {Chaeron} bring me home some pointers too
[16:06] {judijim} be back Monday, bye for today
[16:07] {magoo} by jj.. u got it chaer
[16:08] {Chaeron} have fun Magoo
[08:29] {magoo} morning
[08:29] {Threei} good morning
[08:32] {cosmo} checking
[08:33] {cosmo} MDVN: Medivation announced publication of results of its first Alzheimer's disease pivotal clinical trial of the investigational drug DimebonBriefing.com(Fri 7:44am)
[08:33] {Threei} that gives us hope
[08:34] {cosmo} coffee?
[08:34] {cosmo} nah
[08:34] {magoo} m9orning
[08:40] {cosmo} hmm....that drug wears off fast...
[08:41] {magoo} yes coffee..ty
[08:41] {cosmo} $2
[08:49] {judijim} good morning all
[08:51] {Threei} jj :)
[08:53] {Threei} looks like C saves the day so far, ofsetting bad reports by GOOG and MER
[08:54] {fernp} Good morning
[08:54] {Threei} fern :)
[08:54] {Threei} one bad thing is, Cramer called oil top
[08:55] {peterg} morning all
[08:55] {Threei} peter :)
[08:55] {Threei} we may be looking at possibility of unexpected run by MER
[08:56] {cosmo} eslr
[08:56] {Threei} it's down not that much, and recovered nicely already
[08:56] {Threei} could be a surprise run
[08:56] {cosmo} filling gap so far
[08:57] {Threei} .20 break maybe worth a careful try on MER
[08:57] {Threei} ESLR is nasty stock...
[08:59] {cosmo} it heard that
[09:03] {Threei} WEDBUSH MORGAN RAISED ESLR TO BUY FROM HOLD
[09:06] {Threei} feel free to take MER scalp who went for it
[09:08] {Threei} any takers?
[09:09] {hawkfan4} missed it, was taking out the garbage, nice call
[09:09] {dino} gm all
[09:10] {pita} gm all
[09:10] {kazaam} gm
[09:12] {dptl} good morning all
[09:12] {Threei} morning everyone
[09:13] {peterg} more to say about MER?
[09:14] {peterg} interesting
[09:14] {magoo} beauty vad..i guess i just had a 500 bux phone call because i was going tom take it
[09:14] {Threei} ugh
[09:14] {dino} sglp liquidity issues, chapter 11 options discussed
[09:14] {Threei} will be on watch peter
[09:14] {magoo} locked loaded ring
[09:14] {magoo} ugh
[09:14] {GeoArb} gm
[09:14] {Threei} right now after over 1 dollar run from a trigger, what to say... :)
[09:14] {Threei} Geo :)
[09:16] {Threei} wow dino
[09:16] {Threei} how nice of them to tell us today :)
[09:18] {magoo} vad, its avail short sglp
[09:19] {Threei} 07/17/08 08:11pm
[09:19] {Threei} [SGLP] SemGroup Energy Partners Comments on today's decline in its share price: Has been informed by SemGroup, SGLP's parent, that SemGroup is experiencing liquidity issues and is exploring various alternatives
[09:19] {Threei} - Various alternatives include raising additional equity, debt capital or the filing of a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code
[09:25] {dino} as if nobody knew yesterday, sheesh
[09:26] {dino} meaning, somebody knew
[09:27] {Threei} isn't it remarkable that market is capable of sshrugging off GOOG miss
[09:27] {Threei} just shows how much it is about financials and oil right now
[09:28] {GeoArb} also options expiration wierdness?
[09:28] {Threei} probably, yes
[09:29] {Threei} LEH is either .80 break of pullback to .40... really can't tell which entry is better
[09:31] {Threei} pullback that was... very fast, not an easy entry
[09:31] {Threei} anyone got it?
[09:32] {hawkfan4} nope
[09:32] {dino} need coffee
[09:32] {fernp} no here
[09:32] {Threei} FRE 8.80 support
[09:33] {Threei} take scalp if got it
[09:33] {tomg} got leh and fre, ty vad
[09:33] {Threei} wow tom, you have amazing reflexes
[09:33] {tomg} nah
[09:33] {tomg} play 3d pinball at nite :)
[09:34] {Threei} lol
[09:34] {hawkfan4} nice vad, got .25 on fre, thx
[09:34] {Threei} :)
[09:35] {Threei} LEH one more leg down for entry
[09:35] {Threei} somewhere under .50 I think
[09:36] {magoo} lil deep?
[09:36] {Threei} in
[09:36] {Threei} stop under 18
[09:36] {magoo} in .25
[09:38] {peterg} in .15
[09:39] {Threei} out .60
[09:40] {Threei} a bit too nervous move
[09:40] {hawkfan4} out .55, nice
[09:40] {kazaam} very nice
[09:40] {magoo} missed exit
[09:40] {kazaam} i take it you guys have been having a good week?
[09:40] {Threei} very kaz
[09:40] {magoo} was out .74
[09:41] {peterg} system froze; got out for a dime
[09:41] {Threei} aww
[09:42] {peterg} yep
[09:42] {Threei} sorry peter... hooked great entry
[09:42] {Threei} beat mine by 3 cents
[09:42] {Threei} FRE, if sells fast into 8.20
[09:43] {Threei} maybe wishful thinking
[09:43] {Threei} but let's see
[09:43] {Threei} 8.40 is support too but something tells me it's not going to hol
[09:44] {Threei} "something" was right
[09:45] {Threei} not sure it can go as far as 8.20
[09:45] {dino} ostk
[09:45] {Threei} but glad I didn't take 8.40, struggling here
[09:45] {Threei} if it goes from here so be it
[09:45] {Threei} FNM
[09:46] {Threei} .50 closest support
[09:46] {Threei} in, stop .39
[09:47] {Threei} trailing to .49 if takes .65
[09:47] {Threei} trailed
[09:49] {Threei} maybe getting greedy, but heck... my risk is about 10 cents here
[09:49] {magoo} i dont wanna miss this exoit..where u thinking?
[09:50] {Threei} between .80 and .90 most likely
[09:50] {dino} risky sm v l .15
[09:50] {dino} stop lod
[09:50] {Threei} out
[09:51] {Threei} sharp market downtick
[09:51] {Threei} don't want top get caught
[09:51] {Threei} srtill looks good but it's friday
[09:51] {Threei} taking easy money
[09:52] {Threei} lol, tell longer term traders and investors that we call FRE/FNM/LEH etc easy money
[09:52] {magoo} ogk, out fnm.91
[09:52] {peterg} out at .84, =.18; left too soon maybe
[09:52] {magoo} fre.67 and lucky on leh .54
[09:52] {peterg} nice magoo
[09:52] {magoo} a lil luck nice sometimes up good..cant begin to calculate
[09:53] {dino} luck is half the game
[09:53] {Threei} I don't care what Raven says... I 've NEVER seen summer trading that active, readable and consistently profitable
[09:55] {pita} got sm piece of LEH and FRE -- TY Vad
[09:55] {dino} v stopped
[09:55] {Threei} welcome pita :)
[09:58] {magoo} dont jinx it vad
[09:58] {Threei} well, I still think we are to see some slowdown in August
[09:58] {Threei} but most likely not aas severe as usual
[09:59] {Threei} too much is going on
[09:59] {peterg} Sovereign wealth funds, Dark Pools
[09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[09:59] {Threei} dark pools - I don't know what the fuss is about
[10:00] {Threei} I don't see it as something significant
[10:00] {peterg} nice place for fear to locate
[10:01] {peterg} 92.3% of news is fear
[10:01] {magoo} [09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[10:01] {peterg} echo?
[10:02] {dino} i agree vad, this summer is nuts
[10:02] {magoo} a trader this morn on cnbc said normally be at hamptons already for weekend...but to much happening
[10:02] {dino} black swan circling
[10:02] {peterg} yes, and the scale of happenings is way to big for the markets just to go on vaction.
[10:02] {Threei} lol peter
[10:03] {dino} no matter peter, because i am, end of next week, sunset beach, nc, mid. aug. jamaica
[10:03] {peterg} sounds good
[10:03] {dino} indeed
[10:03] {dino} much needed mind erasing
[10:03] {peterg} fond memories of jamacai, weeds, drinx etc
[10:04] {dino} my 5th time going there, this time taking kids
[10:04] {peterg} go be rasta wif spliff
[10:04] {Threei} my mind erasing will happen in Alaska
[10:04] {magoo} btw, i will be out all next weekend...my boy is going to mx camp annd i have to be there..mechanac and mentor capacity..he is only 9
[10:04] {dino} cruise tour, you will love it
[10:04] {Threei} booked that heli tour you mentioned dino
[10:04] {Threei} 4 glaciers adventure, right?
[10:05] {GeoArb} have fun guys..... my parents visiting all aug/sep and in laws oct/nov
[10:05] {dino} awesome
[10:05] {GeoArb} dunno if its :) or :(
[10:05] {peterg} sum of each
[10:05] {Threei} lol... take care geo
[10:05] {Threei} also, train to White Pass in Skagway
[10:05] {magoo} vad, book the white water raft tour also
[10:05] {peterg} say chaps, where is there some money to be made?
[10:06] {magoo} real fun
[10:06] {dino} we took the train to denaili, took about 8 hours, but really fun
[10:06] {peterg} $$$$
[10:06] {dino} dog sleds, gold mining, etc
[10:06] {magoo} teach u to row together across glacier lake..stop on river island for booze
[10:07] {magoo} we did alaskan cruise as a honeymopon
[10:07] {dino} peter i think ostk off of .25 l
[10:07] {Threei} not sure I still have room for more tours... but will look into it, thanks for the tip
[10:07] {dino} also watching cetv
[10:07] {magoo} oh, i did train ride in skagway, real cool
[10:08] {dino} i fondly remember the ship selling buckets of becks'
[10:08] {GeoArb} lol
[10:08] {GeoArb} thtats the memory?
[10:08] {magoo} i liked the ship casino..no kiding..i luv roulette wheel
[10:08] {dino} cetv l sm .90, wide, wild moves
[10:09] {peterg} watching--little scary
[10:09] {Threei} for some reason I am totally cold to casinos
[10:09] {Threei} 3 times in Vegas, no single game, can you imagine
[10:09] {Threei} SGLP recovery or what
[10:10] {magoo} you'll only find magoo at the wheel with drink in hand..hate the blackjack tables
[10:10] {dino} same here 3i, casinos feel like work to me
[10:10] {Threei} boring work at that
[10:11] {cosmo} i like the archaeology in that area
[10:11] {peterg} Pacinko parlours in japan
[10:11] {cosmo} paleo too
[10:12] {dino} i like the bikini clad women by the ships' pool
[10:12] {Threei} SQNM
[10:12] {GeoArb} i am with magoo on that
[10:12] {kazaam} ibm l .43
[10:12] {GeoArb} live more fun
[10:12] {Threei} small shares long on pullback to .60, stop under .40 and hold for something good as magoo says
[10:14] {Threei} first strength from here
[10:14] {magoo} in .57
[10:15] {dino} sglp spike
[10:15] {Threei} MER
[10:15] {Threei} 38 break long half lot
[10:16] {Threei} 30, sorry
[10:16] {Threei} stop under 29.80
[10:16] {dino} v last try .00 l
[10:17] {magoo} in mer .05
[10:17] {dino} pete was right ostk
[10:17] {magoo} was fast
[10:17] {Threei} SQNM slowly trying
[10:18] {Threei} with any help it's capable of really strong runs
[10:18] {kazaam} stupid chart not updating on sqnm, I will just have to pretend I got in with you guys on SQNM
[10:18] {magoo} tough mkt for help tho boss
[10:18] {Threei} stop is small enough to try and give it a chance
[10:20] {magoo} stalking RIMM
[10:20] {magoo} if IF mkt can bounce..nice long ..risky not in
[10:20] {Threei} kazaam, look dcc please
[10:21] {magoo} how come i never get a "magoo look dcc?"
[10:21] {Threei} OK... magoo, look dcc (just keep in mind there is none)
[10:21] {peterg} tks dino, absorbed in SQNM
[10:21] {magoo} shit, i went there he he
[10:21] {Threei} gotcha!'
[10:22] {magoo} :)
[10:22] {Threei} SQNM tries the high again even as market retreats
[10:22] {Threei} it's volatile one
[10:23] {Threei} that's why I wanted small shares - it acts similarly to days when it posts big gains so I want to be able to hold through it's swings
[10:24] {magoo} l rimm small .90
[10:24] {Threei} MER stop to .85
[10:27] {dptl} stop under .60 now sqnm?
[10:28] {Threei} I'd move it after new high is made
[10:28] {dptl} ok ty
[10:28] {Threei} and pad it a bit, do not overtighten
[10:29] {Threei} I mean under .60 doesn't mean .59 in SQNM's case
[10:31] {Threei} no worky MER
[10:34] {kazaam} maybe MER break of 30.18?
[10:34] {magoo} l aapl here super small
[10:35] {Threei} only is some activity returns, it loses life
[10:35] {Threei} maybe Fridfay effect, maybe something else
[10:37] {magoo} in aapl .24
[10:37] {magoo} stop .90
[10:38] {Threei} FRE
[10:38] {Threei} REPORTEDLY PLANS TO SELL $1B 3 MONTH, $1B IN 6 MONTH AND $1B IN 12 MONTH BILLS JULY 21 SCHEDULED TO SETTLE 22
[10:38] {Threei} market tripped of something again
[10:39] {magoo} stopped aapl
[10:39] {Chaeron} good morning everyone
[10:39] {magoo} sigh
[10:39] {dino} that was me
[10:39] {Threei} chaeron :)
[10:39] {Chaeron} nice to see you too magoo :)
[10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:40] {Threei} I don't know why I post it
[10:40] {dino} post what
[10:40] {peterg} because your car is made in china
[10:40] {Threei} [10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:41] {peterg} btw, the US emerged victorious in the glorious struggle against the capitalist roaders of China.
[10:41] {dino} busting you
[10:41] {dino} algt sm s .65, stop .10
[10:45] {dino} dmnd
[10:47] {magoo} man vad FNM
[10:49] {dino} algt stopped .00 -.35
[10:51] {Threei} I don't see news that rocketed financials
[10:54] {hawkfan4} me either, wild
[11:06] {dino} out v .55 +.55
[11:08] {dino} ipcc
[11:09] {dino} missed
[11:11] {dino} fwlt sm l .10
[11:11] {dino} stop lod
[11:11] {Threei} WHITE HOUSE: A GOAL FOR A "GENERAL TIME HORIZON' HAS REPORTEDLY BEEN REACHED BY IRAQ AND THE US ON POTENTIAL TROOP WITHDRAWALS
[11:13] {dino} lets see, usa will pay iran, iran will take money, iran will then say no
[11:13] {dino} opps read that as iran
[11:14] {dino} in any case, thats next week on nukes
[11:14] {magoo} ok, have errand, be back hour
06[11:14] * Threei kicks SQNM in the rear with heavy duty army boots
[11:15] {Threei} we will pretend we miss you magooski
[11:15] {pita} day job calling - thanks for positive day!
[11:15] {Threei} wtg pita
[11:16] {Threei} FNM another round
[11:16] {Chaeron} bye pita... hurry back magoo
[11:16] {Threei} good job pretending chaeron
[11:16] {Chaeron} yeah... I thought it was worth a shot
[11:17] {Threei} it was... sorry for spoiling your effort by accidcenatlly pasting to magoo your private message to me "Close the door FAST while he is out"
[11:18] {Threei} FRE .86 very risky long trigger
[11:19] {Threei} SQNM new high finally
[11:21] {dptl} you still in?
[11:22] {Threei} SQNM? of course
[11:22] {Threei} FRE my stop .65
[11:22] {dptl} ok
[11:24] {dptl} offering .97 sqnm
[11:24] {GeoArb} done for the day.......VTR was my vehicle today
[11:24] {GeoArb} thanks all
[11:25] {Threei} take care Geo... you really need to start sharing your vehicles
[11:25] {GeoArb} simple pattern.... JBE on yesterday's high
[11:25] {GeoArb} vad i even mentioed the setup
[11:25] {GeoArb} "the basterdized version"
[11:25] {Threei} sorry, I must have slept through it
[11:25] {GeoArb} emailing you the config now
[11:26] {dptl} so...stop under .60 now..since its made new high?
[11:26] {Threei} yes, .55 for me
[11:26] {dptl} ok ty
[11:29] {GeoArb} emailed vad.....
[11:29] {Threei} ty
[11:32] {GeoArb} if this keeps up.... i might be able to go on vacations like you guys !
[11:35] {GeoArb} hmmm no humor
[11:35] {Threei} what else is new
[11:35] {GeoArb} guess these guys like vads humor OOOOOOO
[11:36] {Threei} that tells you something, doesn't it
[11:37] {GeoArb} what do you think of the scan vad?
[11:37] {GeoArb} i combined 2 of yours
[11:37] {Threei} gosh, let me observe it for a few :)
[11:37] {GeoArb} i meant the parameters
[11:38] {Threei} want to watch alerts first
[11:38] {Threei} to get an idea of what it hunts for, then reviews parameters
[11:38] {GeoArb} i switch between new high ve new resistence alerts
[11:38] {GeoArb} depending on how man i want
[11:38] {GeoArb} many
[11:41] {dino} v sm l skf .75
[11:41] {GeoArb} he he skf :)
[11:41] {GeoArb} dino can your platform short skf?
[11:42] {GeoArb} i almost never get shorts permission
[11:42] {kazaam} most etfs are not shortable
[11:42] {dino} no geo
[11:42] {GeoArb} why? i wonder
[11:43] {GeoArb} i guess i could go long uyg
[11:43] {dino} things that are bigger than i understand i guess
[11:43] {GeoArb} but not enough oomph
[11:44] {Threei} US SEC OF STATE RICE REPORTEDLY ACKNOWLEDGES THE US POLICY SHIFT ON IRAN WITH ITS DECISION TO SEND A SENIOR ENVOY TO GENEVA FOR THE NUCLEAR TALKS THIS WEEKED
[11:44] {dino} wow, i'm an oracle
[11:45] {GeoArb} we will hold hands and sing songs
[11:45] {dino} my earlier rant about iran
[11:46] {GeoArb} i have lived in middle east for about 20 years
[11:46] {GeoArb} and its not pretty and thats an understatement
[11:49] {dino} one place i will never go to
[11:50] {GeoArb} egypt and jordan and turkey have some amazing architecture though
[11:51] {GeoArb} wierd choppy day
[11:51] {patience} options expiry and weirded out market
[11:52] {GeoArb} off to day job to work for mortgage.... happy trading all
[11:53] {dino} cya geo
[11:57] {dino} out skf .25, +1.50
[11:58] {kazaam} nice one
[11:58] {patience} major envy dino, nice trading
[11:59] {dino} ty
[11:59] {dino} small size patience
[11:59] {dino} it moves a buck fast, so entries tough
[12:01] {kazaam} dino, what made you think long on skf? i reason i ask is i could only see short
[12:03] {dino} dji strated to drop, financials are heavy weight in dji. thats it
[12:03] {dino} i try not to think too much
[12:04] {dino} pull up 5 day dji, 5 day skf
[12:04] {dptl} more and more i see its always work ....not thinking:)
[12:05] {dino} took me years to
[12:05] {dino} "get" that
[12:05] {dptl} :)
[12:05] {dino} the less i know the better i trade
[12:06] {peterg} trade what you see not what you think
[12:06] {kazaam} thanks for your perspective dino, yeah i replaced thinking with eating
[12:07] {peterg} good plan
[12:07] {dino} lol kaz, and yes pete
[12:07] {dptl} or drinking
[12:07] {dino} keep it simple, right vad
[12:08] {Threei} even that is too complicated for me
[12:08] {dino} ipcc feels one more fast drop then bounce
[12:13] {peterg} in at .12
[12:17] {dino} ipcc?
[12:17] {peterg} yes shd v waited for a bit but well see
[12:18] {dino} keep you stop, doesn't matter then
[12:18] {peterg} finger on trigger
[12:18] {dino} you want to know where i'm bidding it? you'll laugh
[12:18] {peterg} id love a laugh
[12:19] {dino} 41.30
[12:19] {peterg} make my day
[12:19] {dino} back in 30 wife to lunch
[12:20] {dino} i will leave the bid there
[12:22] {peterg} lunch & fear got me out -.04
[12:23] {peterg} just in time
[12:28] {magoo} magoo back in-da-house
[12:29] {Threei} uh oh
[12:29] {Threei} sorry chaeron... I forgot to lock the door
[12:30] {Chaeron} *sigh*
[12:32] {magoo} well???
[12:32] {Chaeron} oh, sorry... Great to see you again Magoo!
[12:33] {magoo} no..was waiting to hear about all the great trades i missed
[12:35] {Chaeron} hmmmm... let's see... there was the triple-sized RIMM long off 109.55 out 110.46
[12:36] {Chaeron} then the short of AAPL on break of 167 - cover at 166.35... more?
[12:37] {magoo} wow..new it
[12:38] {laserdave1} ibm interesting
[12:38] {laserdave1} only .30 away from high
[12:38] {laserdave1} dangerous though
[12:39] {laserdave1} no pos will look at it if it takes a run at high
[12:40] {dptl} stopped sqnm
[12:44] {magoo} aapl looks good here
[12:45] {magoo} thats .50 cents
[12:47] {laserdave1} hey mags whats up
[12:47] {laserdave1} with your other good friend there
[12:47] {magoo} lazer
[12:47] {laserdave1} RIMM
[12:48] {laserdave1} its strong again
[12:48] {laserdave1} not in it
[12:48] {magoo} like aapl as bouncer better if IF mkt bounces
[12:48] {laserdave1} market hovering on support
[12:49] {magoo} feels up
[12:49] {magoo} mkt that is
[12:50] {Threei} I am feelingless
[12:50] {Threei} let's rely on your feel
[12:50] {magoo} and mean spirited too
[12:50] {Threei} mine took early weekend
[12:50] {Threei} oh, mean-spirited I am always
[12:51] {magoo} especially towards magoo ive noticed
[12:51] {Threei} actually no... it's universal...
[12:52] {Threei} I just enjoy expressing it openly toward magoo morfe than toward others {G}
[12:53] {magoo} oh..so then....i special
[12:53] {Threei} but of course
[13:03] {laserdave1} GOOG
[13:03] {laserdave1} extreme danger
[13:06] {magoo} afterhrs low was 470
[13:07] {magoo} vad..news AAPL?
[13:08] {dino} pete, ugh, ipcc would\'ve worked for you
[13:08] {Threei} no mags
[13:15] {magoo} read on AAPL vad
[13:15] {Threei} pullback to 166 is where I would try
[13:16] {laserdave1} mags dcc
[13:25] {laserdave1} peter dcc
[13:26] {Threei} dave is on dcc spree
[13:27] {kazaam} hurrrmph, SII
[13:27] {kazaam} darn
[13:28] {Threei} FRE
[13:28] {Threei} SEC HAS APPROVED SHARE REGISTRATION; CLEARS WAY TO RAISE FRESH CAPITAL
[13:28] {Threei} - Spokesman says there is no immediate need to raise fresh capital
[13:28] {Threei} - Updated their internal controls and financial reporting processes and is now an SEC registrant and reporting company
[13:29] {dino} apei
[13:30] {dino} too gast
[13:31] {Threei} itching to short WM
[13:33] {magoo} RIMM vad..unreal
[13:34] {Threei} oullback worth a try... with any market help should give about 50 cents easily
[13:38] {dino} sm l v .00
[13:41] {Threei} short WM .90
[13:41] {Threei} 6.01 stop
[13:46] {Threei} LEH feels like preparing for a jump
[13:47] {magoo} whats the call boss?
[13:47] {Threei} pullback would be great
[13:47] {Threei} .35-.40 area
[13:47] {Threei} not sure about break
[13:49] {Threei} overall, has this look about it
[13:49] {Threei} like retesting 20
[13:49] {Threei} WM 1:1
[13:49] {laserdave1} Wm where is exit Vad
[13:49] {laserdave1} ?
[13:50] {Threei} has a lot of downside... try to cover half on the next leg down, around .75 or so and ride the rest
[13:50] {laserdave1} ok
[13:51] {Threei} OFHEO: NOTES THAT IN REGARDS TO THE FILING BY FRE THIS MORNING, THE AGENCY IS 'PLEASED'
[13:51] {Threei} {FRE FNM}
[13:51] {Threei} here it is
[13:51] {kazaam} why short on WM vad? because of daily resistance?
[13:51] {Threei} double top on 1 min
[13:51] {Threei} daily resistance
[13:51] {Threei} dog with fleas
[13:52] {Threei} a lot of reasons :)
[13:53] {fernp} good one Vad. TY
[13:53] {Threei} :)
[13:53] {dino} iclr hmmm
[13:57] {laserdave1} nice call WM Vad
[13:57] {laserdave1} I like yes
[13:57] {Threei} :)
[13:58] {laserdave1} keep goinggggggggggg
[13:59] {laserdave1} had to take profits
[13:59] {laserdave1} needed that one
[13:59] {laserdave1} ty
[13:59] {Threei} welcome
[13:59] {laserdave1} it was awesome for a 5$ stock
[13:59] {jmb} thanks Vad
[13:59] {Threei} jmb :)
[14:01] {laserdave1} market might roll
[14:01] {laserdave1} wow
[14:01] {laserdave1} so tight
[14:01] {Threei} in LEH, .25 stop
[14:02] {dino} sm l iclr .00
[14:03] {Threei} half out .53
[14:03] {Threei} +.18
[14:03] {Threei} stop .29
[14:05] {magoo} vad..ironic...revshark on realmoney says "slow summer action"
[14:05] {magoo} he he
[14:06] {Threei} we must be on different planets
[14:06] {Chaeron} TokyoJoe says..... heheheh
[14:07] {laserdave1} if .75 lets go
[14:07] {laserdave1} iwill short em at .74
[14:07] {magoo} i know..u saying never seen it this hectic
[14:07] {magoo} wha thew
[14:07] {laserdave1} haha gone as im typing
[14:07] {laserdave1} now back
[14:08] {laserdave1} ok im short
[14:08] {laserdave1} stop .80 for me
[14:10] {magoo} mit grupen un fuerer
[14:10] {laserdave1} any call on market Vad?
[14:11] {laserdave1} what a tight range
[14:11] {Threei} feeling is,
[14:11] {Threei} ramp up
[14:11] {Threei} violent
[14:12] {laserdave1} ok thanks
[14:12] {kazaam} violent sounds good
[14:12] {cosmo} not just one of those lazy summer afternoons?
[14:12] {Threei} nope
[14:12] {cosmo} on a fri?
[14:12] {Threei} nope
[14:13] {Threei} a few shakes, then explosive move up
[14:13] {cosmo} hmm...full moon got ya?
[14:13] {Chaeron} choice?
[14:14] {Threei} LEH
[14:14] {laserdave1} out wm
[14:14] {Chaeron} shoot I miss?
[14:15] {laserdave1} wm i stoppe dout of short
[14:15] {Threei} shakeouts are not over yet probably
[14:15] {laserdave1} market is real whippy in this range
[14:15] {magoo} u in LEH vad?
[14:16] {laserdave1} fake one way then next
[14:16] {Threei} half
[14:16] {magoo} what entry?
[14:16] {Threei} sold first half earlier and posted
[14:16] {Threei} .35
[14:16] {Threei} [14:03] {Threei} half out .53
[14:16] {Threei} [14:03] {Threei} +.18
[14:17] {magoo} ok
[14:17] {dino} risky, sm l apei .79
[14:19] {Threei} ok NQ, it's time
[14:20] {Chaeron} too late for entry LEH?
[14:20] {Threei} no
[14:20] {Threei} .33 was besutiful entry
[14:24] {Threei} come on market... while we are young
[14:26] {kazaam} yep yep, where are you steel boots?
[14:26] {kazaam} that might make it angry
[14:26] {Threei} frikin oil spikingh
[14:27] {Threei} stiopped
[14:28] {Threei} looking for better entry
[14:33] {dino} apei stopped
[14:33] {dino} spinning my wheels
[14:33] {dino} pins and needles, needles and pins......
[14:41] {Threei} really long stall
[14:41] {dino} no old honeymooners fans i see
[14:43] {Threei} need USO to lose 104 probably to give a spark to market
[14:47] {peterg} missed all the action--dr. will fix my knee for ten grand
[14:47] {peterg} lower bids, anyone?
[14:47] {Threei} I can do it for free but my tools are limited to sledgehammer
[14:48] {peterg} you have skill with sledge
[14:48] {dino} iclr stop to .47
[14:48] {dino} vad will make your good knee look like your bad one
[14:49] {peterg} then ill be knock-kneed
[14:49] {Threei} actually... I make a kneee to look like there is no knee
[14:50] {Threei} oh good
[14:50] {Threei} FEDS STERN IS WORRIED ABOUT THE PROSPECTS OF INFLATION
[14:50] {Threei} you don't say
[14:50] {cosmo} oh
[14:52] {Threei} ZION
[14:52] {Threei} DECLARES REGULAR DIVIDEND OF $0.43
[14:52] {Threei} - The dividend is payable August 20, 2008 to shareholders of record on August 6, 2008.
[14:53] {Threei} FED CAN NOT WAIT FOR THE END OF A CRISIS TO INCREASE RATES, SEES SIMILIARITES BETWEEN CREDIT CRUNCH NOW AND EARLY 90S
[14:53] {Threei} - Stern remarks that the Fed is in good position to handle downside risks to growth
[14:57] {dino} stopped iclr .50, +.50
[14:58] {magoo} markets crazy here
[15:02] {Chaeron} LEH here?
[15:03] {Threei} market recovers but LEH is still waiting for something
[15:03] {Threei} not sure
[15:06] {dino} nue sm l .75 stop lod
[15:10] {Threei} FNM .75 worth a try long
[15:12] {Threei} anyone got it or too fast?
[15:12] {magoo} missed but beauty vad
[15:12] {Threei} ticked as I typed
[15:12] {Threei} missed LEH
[15:12] {Threei} looks like rally time finally came, but one more pullback is likely
[15:12] {dino} v stop to .40
[15:13] {dino} out +.40
[15:14] {Threei} wtg
[15:14] {peterg} out LEH at .07, + 22
[15:14] {Threei} good one peter
[15:14] {dino} gj peter
[15:14] {peterg} gotta learn to wait;
[15:15] {peterg} thks esp chaeron for suggestion
[15:16] {dino} i don't know about waiting, seems i'm giving back a lot of scalps lately, because of greed
[15:16] {peterg} I think I leave early cz of fear
[15:16] {peterg} often
[15:16] {peterg} workn on it
[15:21] {laserdave1} dcc please Peter
[15:22] {Threei} SEC CONFIRMS EXEMPTION OF MARKET MAKERS FROM 'NAKED SHORT' SALE RULE, ORDERS CAN BE PLACED WITHOUT DELAY
[15:24] {cosmo} sqnm
[15:25] {cosmo} gonna b/o
[15:25] {Threei} RIMM, sheesh
[15:25] {peterg} back off?
[15:25] {cosmo} break out
[15:25] {peterg} b/o
[15:25] {peterg} tks
[15:25] {cosmo} not so soon
[15:34] {Threei} CFTC REPORTEDLY RECLASSIFYING CERTAIN ENERGY TRADER POSITIONS
[15:35] {cosmo} to the financials?
[15:38] {cosmo} we could have a 'watt' based currency
[15:44] {hawkfan4} headed out, have a great weekend all, nice week. thx vad
[15:44] {Threei} take care hawk, wtg
[15:45] {hawkfan4} :) cya
[15:45] {Threei} FDIC'S BEAR SAYS INSURANCE FUND IS "QUITE ADEQUATE" TO HANDLE BANK FAILURES
[15:46] {Chaeron} More confincing if his name was Bull
[15:46] {cosmo} and his last name?
[15:46] {Chaeron} :)
[15:47] {Threei} yeah... what kind of name is it to give siundbites to a market
[15:49] {kazaam} have a good weekend yall
[15:49] {kazaam} cya
[15:49] {Threei} take care kaz
[15:49] {magoo} c u kaz
[15:50] {Threei} quite nice ramp up into closee
[15:51] {magoo} u called it...thats why sometimes i ask u what u feeling?
[15:51] {Threei} look FNM
[15:52] {laserdave1} just shorted WM
[15:52] {laserdave1} stop at 6.01
[15:54] {peterg} short RIMM at .78
[15:56] {peterg} out .55 +23
[15:56] {Threei} nice scalping footwork
[15:57] {peterg} shudda stayed longer but didn't want to spend weekend with RIMM
[15:58] {dino} gj
[15:58] {peterg} tks; how close to bell can you sell?
[15:59] {Threei} slow summer action eh?
[15:59] {magoo} vad, remember to enjoy next week..i rarely take off
[15:59] {Threei} only if you are watching BXMNF I suppose
[15:59] {Threei} you are off next week?
[15:59] {magoo} yes, whole week
[16:00] {Threei} have fun
[16:00] {dino} slacker
[16:00] {Threei} we will be here when you are back
[16:00] {Threei} wait don't leave yet
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:00] {Threei} now you can leave
[16:00] {Threei} thank you all, have a great weekend
[16:00] {Threei} see you on Monday
[16:01] {peterg} thanks group! See you Monday
[16:01] {magoo} TY boss
[16:01] {magoo} ty all
[16:01] {peterg} bye Mags have fun
[16:01] {magoo} trade well without magoo:)
[16:01] {peterg} it wont be the same
[16:01] {magoo} chaer, taking son to mx camp whole week
[16:02] {Chaeron} whos???
[16:02] {magoo} tony d
[16:02] {dptl} have a good weekend all:)
[16:02] {Chaeron} Great!! DiStefano!
[16:04] {Chaeron} take pics man...
[16:05] {Chaeron} bring me home some pointers too
[16:06] {judijim} be back Monday, bye for today
[16:07] {magoo} by jj.. u got it chaer
[16:08] {Chaeron} have fun Magoo
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