Jul 30 2008

Session Time: Wed Jul 30 00:00:00 2008
[08:30] {Threei} [CPST] Capstone Turbine Corp Receives order from HelioFocus for solar-powered microturbine
[08:30] {Threei} - Company will modify its C65 MicroTurbine to operate on solar energy.
[08:32] {hawkfan4} good morning
[08:32] {Threei} Good morning
[08:36] {Threei} HOKU
[08:36] {Threei} SIGN $298M POLYSILICON SUPPLY CONTRACT WITH JIANGXI KINKO
[08:36] {Threei} - Company will deliver solar-grade polysilicon to Kinko Energy over a ten-year period beginning in late-2009.
[08:36] {Threei} - Up to approximately $298M 2may be payable to Hoku during the ten-year period, subject to product deliveries and other conditions. The take-or-pay contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and the remainder over a ten-year period at set prices that will decline throughout the term of the agreement.
[08:36] {Threei} - Under the agreement, Hoku will grant to Kinko Energy a security interest in its polysilicon assets to secure Hoku's obligation to repay $55 million to Kinko Energy as a credit against product shipments over time.
[08:38] {Threei} 07/30/08 08:30am
[08:38] {Threei} [SPIR] Spire Corp Spire Enters Multi-Year Contract with Trina Solar
[08:38] {Threei} - Companies today announced that it has entered into a multi-year, multi-system contract to provide key module line equipment to Trina Solar Limited of the People's Republic of China.
[08:38] {Threei} - Spire will provide Trina Solar with multiple Spi-Sun Simulator 4600 Single Long Pulse (4600 SLP) systems.
[08:38] {Threei} did all solars wait till today to publish news just before FSLR earnings, for double whammy effect?
[08:39] {hawkfan4} sure seems like it. have my eye on JASO. i held UAUA overnight. sold 1/2 +.50
[08:40] {Threei} nice
[08:40] {Threei} gutsy too
[08:41] {hawkfan4} yeah, a little nuts, but lucky
[08:42] {peterg} gm-back to the future with solare, eh?
[08:42] {peterg} solar
[08:42] {Threei} yeah, sspunds like another round with them
[08:42] {Threei} hi peter
[08:47] {magoo} morning
[08:49] {magoo} dsam ELN..after bell i had it short 35.85 and cobvered 34 even..look here....21
[08:51] {cosmo} here comes the sun...?
[08:52] {Threei} magoo, cosmo :)
[09:03] {fernp} Good morning
[09:07] {tomg} gm all
[09:07] {Threei} fern, tom :)
[09:07] {magoo} vad, any news rumors FSLR to beat street?
[09:08] {cosmo} RFMD tests @ 3.33
[09:08] {Threei} 07/29/08 02:37pm [FSLR] Update: solar stocks trading at new highs for the session again after Tomas Weisel makes positve comments about outlook for the rest of the year
[09:13] {magoo} ty
[09:15] {magoo} grmn pummeled vad
[09:15] {Threei} 07:01am [GRMN] Reports Q2 $0.93 v $1.00e; R $911.7 v $956.4Memore.. - Guides FY08 EPS $3.90 v $4.00e; R $3.9B v $4.2Be - Q2 Gross margin 45.8% v 48.2% in Q108 and 50.5% in Q207 (related: TOM2.NV )
[09:18] {cosmo} RFMD tests @ 3.33
[09:19] {cosmo} ... at some point
[09:19] {cosmo} needs to hold 3.20
[09:20] {cosmo} imo
[09:20] {magoo} man, cnbc commentors down right giddy over market today..as in "alls well"
[09:20] {Threei} all isn't?
[09:20] {magoo} just buy and hold..lets DO IT
[09:20] {Threei} and never try to time the market
[09:20] {Threei} leave it to pros
[09:21] {Threei} diversify
[09:21] {Threei} in a long run it always goes up
[09:21] {Threei} any more cliche I missed?
[09:21] {cosmo} even real estate?
[09:22] {Threei} but of course... 10 years from now it'll all be fine
[09:27] {Threei} FNM has a habit of sharp selloff on the open
[09:27] {Threei} worth watching for the bounce
[09:28] {Threei} usually selloff is quite deep, so don't jump on a first pause
[09:29] {Threei} SOLF is not very far from yesterday's close
[09:30] {Threei} high was 14.49
[09:30] {Threei} so if sector moves it's a good candidate
[09:32] {Threei} FNM, nice pullbeck, eh?
[09:32] {Threei} FSLR pullback weights on solars
[09:32] {esemde} morning
[09:32] {Threei} CSIQ, LDK, SOLF
[09:32] {Threei} ese :)
[09:34] {Threei} SOLF .55 long if stays above .40
[09:35] {Threei} but watch FSLR for confirmation
[09:35] {Threei} need its help
[09:36] {magoo} need restart comp
[09:37] {Threei} FNM
[09:37] {Threei} MAY SERIOUS DELINQUENCY MORTGAGE RATE INCREASED TO 1.3%
[09:37] {Threei} see how FSLR continuing seling kept SOLF from break?
[09:40] {esemde} STAR either long at .50 or 14.01
[09:41] {Threei} LDK hald lot long .80 break, stop under .55
[09:41] {Threei} half
[09:43] {Threei} half out
[09:44] {Threei} stop to .75 and let it trade
[09:44] {esemde} missed .50
[09:52] {Threei} FNM .61 long
[09:52] {Threei} .49 stop
[09:52] {esemde} long VPhm .82
[09:52] {esemde} 1/2 lot
[09:53] {Threei} look for deeper pullback now FNM
[09:53] {Threei} if comes closer to 12 or a bit under will be better bounce candidate
[09:57] {Threei} out balance LDK
[09:57] {magoo} beauty vad
[09:57] {Threei} hmmm... thank you... I guess
[10:00] {magoo} why guess?
[10:01] {Threei} I am highly suspsicious about males complimenting my appearance {G}
[10:01] {magoo} :)
[10:06] {esemde} bstop ALXN 90.50 1/3 lot
[10:09] {Threei} AMMD .41 long half lot
[10:09] {Threei} if stays above .20
[10:11] {Threei} JASO
[10:11] {Threei} .26 long
[10:11] {esemde} removed bstop ALXN
[10:11] {Threei} .14 stop
[10:12] {peterg} Jaso at .24
[10:12] {magoo} me too
[10:14] {Threei} offering half .41
[10:14] {magoo} .48 here
[10:16] {Threei} half out
[10:16] {Threei} stop to .19
[10:17] {peterg} out at .45, + .21
[10:17] {esemde} well done all...wish i could say the same about my trading these days....no more holidays for me!
[10:17] {peterg} thks for JASO
[10:18] {Threei} welcome peter
[10:18] {Threei} dino said a few times too ese
[10:18] {Threei} that he has a bit of a rought itme right after vacations
[10:18] {esemde} I can see why.....
[10:19] {esemde} patterns seem to be right must be something in volume i'm missing
[10:19] {Threei} summer...
[10:19] {esemde} true eh!!!
[10:19] {Threei} less crowds - less pattern following
[10:19] {esemde} that was a canadian yea
[10:23] {esemde} out VPHM .82
[10:23] {magoo} so far..overall solarsa disappointmt today
[10:24] {magoo} see...mkt always fools u
[10:24] {esemde} +.00 not moving the way i thought ....NEXT}}}!!!!!!
[10:25] {Threei} how did it fools us?
[10:25] {Threei} fool
[10:25] {Threei} we made an assumption
[10:25] {Threei} checked it out
[10:25] {Threei} it worked somewhat lukewarmly
[10:25] {Threei} no real run but activity was there, enough for two winning trades
[10:26] {magoo} ok
[10:27] {esemde} SINA
[10:27] {Threei} I understand that being focused on my beauty you pay less attention to my brain... but come on, I call two winners and you say I am fooled? :)
[10:28] {magoo} no..not u fooled..i meant we even said last night maybe solars today...mkt sets us up and kind of "kind of " disappoints
[10:28] {esemde} breauty is only skin deep VAD....mags loves you for whats inside....
[10:28] {Threei} lol
[10:28] {Threei} what I got myself into...
[10:30] {peterg} _-=?/\/\/\/\/\/\/\[{[{}]]]]-----!
[10:30] {peterg} only magoo can read this
[10:30] {Threei} I share the sentiment peter
[10:31] {magoo} i see peter using magoocode
[10:31] {peterg} privilege!
[10:31] {peterg} to do so
[10:31] {peterg} sir
[10:34] {magoo} oil inventory #
[10:37] {Threei} DOE CRUDE: -81K V -1.2ME; GASOLINE: -3.5M V +250KE; DISTILLATES: +2.4M V +2ME; UTILIZATION: 87.2% V 87.1%E
[10:37] {Threei} *API Inventory:
[10:37] {Threei} - Crude Inventories: -2.1M
[10:37] {Threei} - Gasoline: -3.8M
[10:37] {Threei} - Distillate: -587K
[10:38] {Threei} watching UAUA for bounce
[10:39] {magoo} in .99
[10:40] {Threei} USO still strong
[10:41] {magoo} yeah
[10:41] {magoo} stopped .78
[10:48] {esemde} long LRCX .61
[10:48] {esemde} 1/2 lot
[10:48] {Threei} quite hectic moves
[10:48] {esemde} what mine....or USO
[10:49] {esemde} stop .40
[10:49] {Threei} USO, market, UAUA
[10:50] {esemde} ahhhhhh
[10:51] {esemde} am tring a pullback instead of a breakout
[10:51] {lars} JASO Target Vad?
[10:51] {magoo} out jaso .56 TY vad
[10:52] {Threei} trying .61 exit
[10:52] {Threei} but agoo probably has right idea
[10:52] {lars} ty
[10:55] {Threei} in UAUA .66
[10:55] {lars} out JASO .58 thanks vad and magoo :)
[10:55] {Threei} .59 stop
[10:55] {Threei} welcome :)
[11:00] {Threei} out
[11:00] {Threei} scalp near .80 was the way to go
[11:02] {Threei} .55 second try
[11:02] {Threei} stop under .50
[11:03] {Threei} half out .65
[11:06] {magoo} in whicha
[11:07] {hawkfan4} me too
[11:07] {Threei} debated taking .77 -.78
[11:07] {Threei} hard to tell
[11:08] {magoo} im thinking 9.06 ..but who knows?
[11:08] {Threei} anyway, stop to breakeven for me for the balance
[11:08] {magoo} where the hex isroman?
[11:09] {Threei} USO helps
[11:09] {Threei} if loses 99 UAUA should be fine
[11:10] {Threei} come on oil, die
[11:11] {Threei} stubborn slimy substance
[11:13] {Threei} stinky too
[11:13] {magoo} its a "cheaty fellow"
[11:15] {Threei} lose that 99 already
[11:18] {Threei} out balance
[11:19] {magoo} im o for 2 on that dog
[11:22] {kazaam} long uso
[11:22] {kazaam} .18
[11:22] {kazaam} sl .98
[11:25] {Threei} in .32
[11:25] {Threei} .25 stop
[11:26] {kazaam} stopped, -.20
[11:26] {hawkfan4} same vad
[11:27] {Threei} half out .42
[11:28] {esemde} out LRCX .88 +.27
[11:28] {Threei} :)
[11:28] {esemde} finally.....
[11:28] {esemde} hmmmmm are pullbacks the way to go?
[11:29] {Threei} feels so, we talked aabout it yesterday
[11:31] {Threei} offering .61
[11:31] {Threei} out
[11:31] {Threei} whew
[11:31] {magoo} uso is cooperating
[11:31] {Threei} finally got this thing right
[11:32] {hawkfan4} beaut...uh, i mean, good one vad :)
[11:32] {Threei} lol
[11:32] {magoo} lol
[11:32] {lars} lol
06[11:32] * magoo slaps lars around a bit with a large trout
[11:32] {magoo} just warming up lars for laser
[11:32] {lars} thx...needed that
[11:32] {lars} :)
[11:35] {Threei} back in .51
[11:36] {Threei} .44 stop
[11:36] {magoo} alright...alrigytttttttttttttt...........in
[11:36] {Threei} lol
[11:36] {Threei} kiss of death
[11:36] {Threei} there you go
[11:37] {magoo} kiss? interesting choice of words
[11:37] {Threei} oops
[11:37] {hawkfan4} lol
[11:37] {Threei} didn't even take stop laughing
[11:37] {Threei} now I did
[11:48] {Threei} watching LDK pullback
[11:50] {Threei} probably worth a try if holding above .50 and if FSLR turns back up
[11:51] {Threei} keep shares small, volatile one
[12:18] {hawkfan4} .
[12:26] {Threei} yawn
[12:27] {Chaeron} good morning all
[12:27] {Threei} chaeron :)
[12:29] {magoo} chaerbroil
[12:30] {peterg} lunchtime
[12:30] {Chaeron} Vad, Mags :) slow day now?
[12:30] {peterg} sure seems like it now, after brief morning rush
[12:33] {Chaeron} thanks peter... working on major project anyway
[12:36] {Threei} oil upward move kind of killed all the enthusiasm
[12:38] {magoo} yeah chaer, mkts stuck
[12:58] {magoo} mkts roll or rebound vad??
[12:58] {Threei} feels like one more round of selling
[13:02] {Threei} FSLR
[13:02] {Threei} HEARING RBC MAKING CAUTIOUS COMMENTS
[13:04] {Chaeron} magoo... left you ad DCC if you're bored
[13:05] {Threei} oil really annoying today
[13:07] {magoo} this pullbk does not bode well
[13:07] {Threei} [12:58] {Threei} feels like one more round of selling
[13:07] {Threei} [13:02] {Threei} FSLR
[13:08] {Threei} in UAUA
[13:08] {Threei} trying for scalp
[13:09] {Threei} out .10
[13:12] {Threei} USO feels topped
[13:12] {Threei} back in UAUA
[13:13] {magoo} where?
[13:13] {Threei} 8
[13:14] {lars} in 8 also
[13:14] {Threei} nice drop USO
[13:15] {Threei} half out UAUA
[13:15] {Threei} this time trying for more than scalp
[13:16] {Threei} ISRAELI PM OLMERT WILL REPORTEDLY RESIGN WHEN NEW KADIMA PARTY LEADER HAS BEEN CHOSEN
[13:16] {Threei} - Note the speculated successor is the Transportation Minister Shaul Mofax, who has in the past been attributed to hawkish comments with regards to the Iranian issue{USD/ILS USO}
[13:17] {Threei} there we go
[13:17] {Chaeron} wow
[13:17] {Chaeron} You saw that coming weeks ago
[13:17] {Threei} same guy who made comments a while ago about unavoidable attack on Iran
[13:17] {Threei} that's why oil is happy today I guess
[13:18] {Threei} that Israel is going to be a diving force in oil market with their comments and (hhope not) actions?
[13:21] {magoo} looked at your dcc chaer, thanx..cool manyanas
[13:29] {Threei} out second half
[13:30] {Threei} maybe prematurely but don't want to get caught
[13:30] {magoo} i keeop losing on that pig
[13:30] {magoo} move to anothe paaalllllllleeeeeease
[13:31] {magoo} 4 f'n stops
[13:51] {jmb} a late Thanks for UAUA Vad
[13:55] {Threei} welcome jmb
06[13:59] * magoo slaps laserdave1 around a bit with a large trout
06[14:00] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:03] * Threei shows restraint... trying to control his violent instincts
[14:09] {laserdave1} I am so proud of you Vad
[14:09] {Threei} you are?
[14:09] {laserdave1} ya restraint is awesome
[14:10] {laserdave1} i know how bad you want to swing that trout
[14:10] {Threei} great, mission is accomplished, now I deserve some reward
06[14:10] * Threei slaps laserdave1 around a bit with a large trout
06[14:10] * Chaeron slaps Threei around a bit with a large trout
06[14:10] * magoo slaps Chaeron around a bit with a large trout
[14:10] {Threei} lol
[14:10] {Chaeron} just a Three Stoges type slap fest
[14:10] {Chaeron} Stoogess that is
[14:10] {lars} lol
[14:10] {Chaeron} shhhheeeeeeesh
[14:10] {Chaeron} Take 3 - "Stooges"
[14:11] {Chaeron} Vad resembles "Curly"
[14:16] {magoo} vad...run or roll into bell here?
[14:16] {Threei} run... but lukewarm
[14:17] {Threei} kind of crawl
[14:17] {magoo} u are so non committal of late..i like the violent uncontrolled vad
[14:18] {Threei} he is back in Spetmeber
[14:18] {hawkfan4} FSLR trying, watching for followers
[14:19] {Threei} CREDIT SUISSE MAKING POSITIVE COMMENTS ON AIRLINE SECTOR
[14:33] {lars} gotta go... good luck all
[14:33] {hawkfan4} bye
[14:35] {Threei} seemags? not really run, but brisk walk
[14:35] {magoo} nice trades lars
[14:36] {magoo} thats why i continually ask u...u say 'who knows?" but your gut feel is quite often very good :)
[14:37] {magoo} on mkt direction in general
[14:38] {magoo} so, even tho i did not like AUAU today...i stuill luv ya boss
[14:38] {Threei} UAUA wasn't that bad
[14:39] {magoo} man..thats some poor typing there lol
[14:39] {Threei} gave one very nice trade, and the rest would be fine if we settle for scalps
[14:39] {magoo} AUAU today
[14:39] {Threei} FNM coming into bounce zone
[14:40] {magoo} dam,,i was trading its inverse
[14:41] {Threei} lol
[14:41] {magoo} no wonder i lost on it
[14:45] {Threei} MER
[14:45] {Threei} DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCKS
[14:45] {Threei} - Regular quarterly dividend of $0.35/shr
[14:45] {Threei} - payable September 3, 2008, to shareholders of record on August 14, 2008.
[14:46] {Threei} anyone took FNM?
[14:46] {magoo} i did .08 boss
[14:46] {Threei} out yet?
[14:46] {magoo} no
[14:46] {Threei} par
[14:46] {Threei} protect half
[14:46] {magoo} i can do that i guess
[14:46] {Threei} things change too fast and too frwequent
[14:47] {Threei} you can
[14:47] {Threei} I believe in you
[14:47] {Threei} it takes a lot of effort but it's doable
[14:47] {Threei} enter half of your position in Vlume window
[14:47] {magoo} tell me about it :)
[14:47] {Threei} gently push Sell button
[14:47] {magoo} oh shit.hit buy button
[14:48] {Threei} lol
[14:48] {Threei} on MNF I guess?
[14:48] {magoo} yeah..now i short
[14:54] {peterg} How delete unwanted windows, charts, from Laser?
[14:55] {magoo} click window so hioghlited
[14:55] {Threei} click on windown, Alt-F4
[14:55] {peterg} thkyou gntlmn
[14:55] {magoo} ctrl f4
[14:55] {Threei} or Ctrl
[14:55] {Threei} lol
[14:55] {Threei} I always forget and try both
[14:56] {peterg} works like a charm!
[14:58] {magoo} out bal fnm
[14:58] {magoo} ty vad
[14:58] {Threei} welcome
[14:59] {Threei} US HOUSE HAS REPORTEDLY VOTED DOWN THE ENERGY/CROP ANTI-SPECULATION BILL DUE TO OFFSHORE DRILLING DISPUTE
[14:59] {Threei} triple whammy for oil today
[14:59] {Threei} Israel - bill rejection - natural bounce after weeks of selling
[15:00] {Threei} oh, and inventories
[15:00] {Threei} no wonder it jumped 5 bucks
[15:01] {Threei} FNM
[15:01] {Threei} MOODY'S TAKES ACTION ON 30 2005-2007 PRIME DEALS
[15:01] {Threei} hmm?
[15:01] {Threei} what does it mean?
[15:04] {Threei} if MER breaks 27 and pops FNM is likely to follow
[15:08] {magoo} rimm sh loss 118
[15:11] {magoo} cover .75
[15:12] {Threei} CHRYSLER IS REPORTEDLY LOOKING IN TO COLLABORATIONS WITH TATA, FIAT
[15:24] {magoo} .
[15:28] {Threei} LEH seems to take leadership among financials today
[15:39] {Threei} any idea whnat made market happy?
[15:40] {magoo} no
[15:40] {hawkfan4} no clue
[15:51] {Threei} sdolars should be fun after market
[15:52] {magoo} u thinking sympathy plays off fslr?
[15:52] {Threei} usual suspects... whichever of them has decent spread and liwuidity
[15:53] {Threei} risk is much higher
[16:00] {magoo} let me know
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {Threei} I'll try topost FSLR when it comes out
[16:03] {Threei} DIS
[16:03] {Threei} REPORTS Q3 $0.66 V $0.61E, $9.24B V $9.14BE
[16:05] {Threei} spike FSLR
[16:05] {magoo} wow
[16:05] {Chaeron} spike!
[16:05] {Threei} REPORTS Q2 $0.85 V $0.58E,
[16:06] {Threei} R $267M V $217ME
[16:06] {Threei} spectacular earnings
[16:06] {magoo} wheres the bounceplay??
[16:07] {Threei} no idea, it's too volatile
[16:07] {Threei} I managed to grab some SOLF at 13.50
[16:08] {magoo} nice
[16:08] {Threei} guy at the offer didn't cancel in time, lol
[16:09] {Chaeron} :))
[16:10] {Threei} out 14 and 14.01
[16:10] {hawkfan4} nice
[16:10] {magoo} wtg
[16:10] {magoo} i got nothin
[16:10] {Threei} ty
[16:10] {hawkfan4} me either
[16:11] {Threei} SBUX
[16:11] {Threei} REPORTS Q3 $0.18 (EX ITEMS) V $0.18E, R $2.6B V $2.61BE
[16:11] {Threei} - Q3 SSS down mid single digit in US
[16:11] {Threei} - Guides FY08 EPS mid $0.70 range v $0.79e
[16:11] {Threei} - Guides FY08 revenue growth 11%
[16:11] {Threei} - Cuts FY09 US store opening target and the company sees negative 60 new US stores in FY09 and expects to oepn 900 new international stores in the yr.
[16:12] {Threei} confusing
[16:12] {Chaeron} why?
[16:12] {Threei} OK, I am outta here... see you tomorrow guys
[16:12] {Chaeron} bye... thanks Vad
[16:12] {magoo} ty vad
[16:12] {fernp} bye
[16:12] {hawkfan4} thx, bye all

Jul 29 2008

Session Time: Tue Jul 29 00:00:03 2008
[08:33] {Threei} good morning
[08:33] {Threei} watching MER for bounce scalp
[08:33] {hawkfan4} morning vad, all
[08:33] {Threei} hawk :)
[08:34] {Threei} .55 if getting hit
[08:34] {Threei} with stop under .40
[08:35] {Threei} smallish shares, just a fingers warm-up
[08:39] {Threei} lost support, gotta wait for more drop most likely
[08:41] {Threei} in .15
[08:43] {Threei} come on, give me one more spike, don't want to take measly 10 cents
[08:44] {Threei} if can't clear .25 will be stopped probably
[08:44] {Threei} good boy
[08:45] {Threei} out half .32
[08:46] {Threei} stop to b/e
[08:47] {Threei} am I getting too greedy here?
[08:47] {Threei} stop to .19
[08:48] {judijim} good early morning all
[08:48] {Threei} jj :)
[08:50] {magoo} morning
[08:50] {Threei} magoo :)
[08:52] {Threei} out second half
[08:52] {magoo} mer after hours last nite hit 22
[08:54] {Threei} non-shortable
[08:54] {magoo} on that sec thingy
[08:55] {Threei} raising more capital through stock dilution
[08:55] {hawkfan4} i have it short, from .17
[08:55] {Threei} :)
[08:57] {magoo} a hold from before rule?
[08:58] {hawkfan4} no, can still short it, rule covers naked shorting i think?
[09:01] {Threei} *MAY SP_CASE-SHILLER-20 Y/Y: -15.8% V -16.0%E; HOME PRICE INDEX:168.54 V 169.9 PRIOR
[09:01] {Threei} Prior Home price index revised to 170
[09:01] {Threei} Prior Case Shiller 20 y/y revised to -15.2% from 15.3% prior{XHB}
[09:05] {magoo} vad, news MT?
[09:05] {Threei} 08:00am [X] Reports Q2 $5.65 v $3.91e, R $6.74B v $5.90Be; Sees Union labor deal signed by September 1st
[09:05] {magoo} ty
[09:06] {Threei} I understand it's related news, not MT itself
[09:07] {magoo} up big
[09:17] {magoo} vad, news CNQR?
[09:17] {Threei} 08:19am [CNQR] American Express buys 6.4M shares for $251M (13% stake), has right to buy 1.28 additional shares at $39.27/share
[09:18] {magoo} ty
[09:18] {hawkfan4} MER dumped
[09:19] {magoo} could reach 22 imo
[09:20] {pita} morning all
[09:20] {Threei} pita :)
[09:20] {hawkfan4} morning
[09:20] {peterg} morning
[09:21] {Threei} peter :)
[09:24] {Threei} MER
[09:24] {Threei} SHARES REPORTEDLY PLACED AT $22.50/SHR V $24.33 PRIOR CLOSE
[09:24] {magoo} [09:20] {magoo} could reach 22 imo
[09:26] {cosmo} ZRAN
[09:26] {cosmo} 8.40 pre mkt high
[09:27] {magoo} vad, whats youur gut feel topday?as in up bounce or more pain?
[09:27] {Threei} can't tell for the whole day... things change too often and are too dependent on oil movement
[09:28] {cosmo} viscosity could be a problem?
[09:29] {Threei} alqays is
[09:29] {Threei} UPDATE: T. BOONE PICKENS HAS REPORTEDLY HIS 10M SHARE HOLDINGS OF YHOO AT A LOSS
[09:29] {Threei} - Note this was reported earlier this morning in the SF Chronicle
[09:29] {Threei} well, he is familiar with stop loss copncept {G}
[09:31] {Threei} 7.50 long UAUA if USO dumps
[09:33] {Threei} in aggressively
[09:33] {Threei} stop under .30
[09:33] {magoo} me too lol .37
[09:34] {peterg} nice-.40
[09:35] {Threei} stop's tight enough to try it for this interesting sharp oil drop
[09:35] {Threei} look at correlation between oil and market
[09:35] {Threei} practically tick in tick
[09:35] {fernp} gm all
[09:35] {Threei} fern :)
[09:36] {Threei} half out .53
[09:36] {Threei} stop to .35
[09:38] {peterg} out for my .08 ty
[09:38] {Threei} good enough for trying out new tool peter
[09:41] {Threei} this pair still looks strongly linked
[09:41] {Threei} USO/UAUA I mean
[09:42] {Threei} missed re-entry under .30
[09:44] {Threei} CFTC: SAYS TO ACT QUICKLY ON FARMERS COMPLAINTS ABOUT CROP SPECULATION
[09:47] {Threei} FNM .41 long
[09:47] {Threei} stop under .30
[09:48] {Threei} MER moving up, should help it
[09:48] {esemde} morning
[09:48] {Threei} ese :)
[09:49] {esemde} morning
[09:49] {magoo} in aggr .38
[09:49] {Threei} no help
[09:51] {Threei} BEAV lost its mind?
[09:52] {magoo} wow
[09:53] {Threei} PREVIEW: JULY CONSUMER CONFIDENCE DUE OUT AT 10AMET
[09:53] {Threei} **consensus expectation: 50.1e v 50.4 prior
[09:53] {Threei} - prior 1-year inflation expectation at 7.7%
[09:53] {Roman} 21 no doube magoo is one of the luckiest basters i have ever seen
[09:53] {magoo} out FNM .64 TY boss
[09:53] {Threei} welcome
[09:54] {Roman} 21 when i grow up, i want to be like magoo
[09:55] {magoo} looks like somebody woke up on wrong side of bed lol
[09:55] {Threei} lol
[09:55] {Roman} 21 anyway................:)
[09:56] {Threei} if my eperience is any indication, you are going to have hard time Roman... as a kid I wanted to be either austronaut or ice-cream saleman... neither paneed out
[09:56] {Roman} 21 :)
[09:57] {Roman} 21 i really do think magoo can see the future
[09:57] {Roman} 21 he is about 5 minutes ahead
[09:57] {magoo} waiting .71 uaua from .37
[09:57] {magoo} out TY boss
[09:58] {Threei} welcome :)
[10:00] {Threei} JULY CONSUMER CONFIDENCE: 51.9 V 50.1E
[10:00] {Threei} prior revised from 50.4 to 51
[10:00] {Threei} - 1-year inflation expectation at 7.6% v 7.7% prior
[10:01] {Threei} 98.70 - .80 area is critical support for USO
[10:01] {Threei} if broken, will dump much lower
[10:02] {Threei} good boy
[10:02] {Threei} UAUA reacts
[10:02] {Threei} look at oil drop
[10:02] {esemde} you were right about that one Vad....USO that is
[10:03] {magoo} nicew read vad
[10:04] {magoo} l rimm here ,31
[10:04] {magoo} risky small
[10:05] {Roman} 21 innnnnnnnnnnnnnnnnnnnnnn
[10:06] {magoo} looking for near 116
[10:06] {magoo} .91wait
[10:06] {Threei} oyl is new spelling
[10:07] {magoo} out
[10:08] {magoo} + .61
[10:08] {Roman} 21 tell me this dude is not supernatural
[10:08] {Threei} I know I have somewhat wierd way of expressing my admiration but...
06[10:08] * Threei slaps magoo around a bit with a large trout
[10:08] {magoo} u out????
[10:08] {Roman} 21 not yet
[10:08] {Roman} 21 here
[10:09] {Roman} 21 .41
[10:09] {magoo} over point NICE
[10:09] {magoo} im a dumb scalper
[10:09] {Roman} 21 thank you, now i can go to the store and buy my son food
[10:09] {Threei} lol
[10:10] {Threei} magoo is now known as Saviour of Infants
[10:10] {magoo} who'd of thunk it vad? he he
[10:11] {esemde} bstop PDCO 32.01
[10:14] {Threei} do we get that lucky to see USO losing 97.50?
[10:15] {Threei} watchinf FNM for pullback entry
[10:15] {Threei} aww... missed
[10:15] {Threei} time to buy was when I typed, lol
[10:16] {Threei} ok USO, one more dump please
[10:17] {magoo} what we playing off it?
[10:17] {Threei} not sure here, lol
[10:19] {magoo} vad, any news BIDU?
[10:19] {Threei} no
[10:19] {magoo} ty
[10:24] {Threei} in .82
[10:24] {judijim} new stradegy this week, wanted to trade more days, in long and short, today in 10 minutes made on shorts $859
[10:24] {Threei} .75 stop
[10:25] {magoo} in what
[10:25] {Threei} FNM
[10:25] {Threei} nice going jj
[10:25] {Threei} stopped
[10:25] {Threei} my timing is off on this thing today
[10:26] {judijim} we're still watching today but protect profit and back in tomorrow
[10:26] {Threei} good discipline
[10:29] {magoo} how u supposed to make 3k if u stop at 800 he he
[10:29] {esemde} bstop invalidated PDCO
[10:36] {Threei} UAUA
[10:36] {Threei} in
[10:37] {Threei} sharp dive USO, UAUA delayed reaction
[10:37] {magoo} where u in?
[10:37] {Threei} .83
[10:37] {magoo} .90
[10:38] {hawkfan4} .79
[10:38] {Threei} hawk put us all to shame
[10:38] {Threei} out +.20
[10:38] {magoo} again
[10:38] {hawkfan4} but i missed the first one
[10:39] {lars} out +.15 ty
[10:40] {magoo} out here .15, + .25
[10:40] {Threei} good job guys
[10:40] {Threei} wtg lars
06[10:40] * magoo slaps lars around a bit with a large trout
[10:41] {Threei} this is conceptual trade, as long as you understand the idea of it you don't need me to call exact levels
[10:41] {Threei} sharp move by the leading indicator (USO in this case), delayed reaction on the follower giving window for entry
[10:42] {Threei} look at the size of red bar on USO at 10:37
[10:43] {Threei} look at according time on UAUA chart
[10:43] {Threei} that's your window of opportunity
[10:43] {Threei} avoid temptation to play UAUA off any USO tick
[10:43] {Threei} it's this bug sudden one that you want
[10:43] {Threei} bug = big
[10:47] {Threei} FNM did same thing but I am avoiding it today
[10:47] {Threei} it likes me not
[10:51] {magoo} but i still like u
[10:52] {esemde} Vad have you got a way of determining Bull traps....Thats what i seem to be getting alot of these days
[10:52] {esemde} breakouts retreating significantly
[10:53] {esemde} ie..PDCO had a buy stop in there but decided not to go for it and it did retreat
[10:54] {Threei} ese, these days are dictated by oil
[10:54] {Threei} stocks rarely move on their own merit
[10:54] {Threei} standard setups are being distorted by this correlation
[10:59] {kazaam} MHP L .54
[11:01] {kazaam} yeah, the jbe plays hardly worked last week, I had to start learning new stuff! imagine that
[11:02] {Threei} plus, overall - in highly volatile markets aggressive entries are usually woriking better
[11:02] {magoo} sigh
[11:02] {kazaam} out +.13
[11:02] {Threei} wtg
[11:03] {magoo} i wish i could take aggrssive enytries
[11:03] {Threei} lol
[11:03] {kazaam} man i have been the king of getting out too early this morning
[11:03] {Threei} look who is talking... probably molst aggressive entrist (if that's a word) in da room
06[11:04] * Threei slaps laserdave1 around a bit with a large trout
[11:04] {magoo} nah...yesterday if u didn;t scalp u get waffled
[11:04] {kazaam} mmmmmm waffled
06[11:04] * magoo slaps laserdave1 around a bit with a large trout
[11:05] {laserdave1} magoober
[11:05] {laserdave1} Vadsterrrrrr
[11:05] {laserdave1} hows it going guys
[11:05] {laserdave1} i missed u too magoo
06[11:05] * laserdave1 slaps magoo around a bit with a large trout
[11:05] {magoo} good..how are u?
[11:05] {magoo} :)
[11:05] {laserdave1} good thanks
[11:06] {magoo} vad, room nice and quiet without me??
[11:06] {Threei} yes, excpet when we talked about you
[11:06] {magoo} he he
[11:06] {magoo} all negative i presume
[11:06] {Threei} and loud
[11:06] {Threei} :)
[11:06] {laserdave1} when i was bored i would just type it out even though you were not here
[11:07] {Threei} OK{ something has changed
[11:07] {laserdave1} laserdave1 hits magoo in the but with a large trout
[11:07] {Threei} both USO and UAUA went up
[11:07] {hawkfan4} UAUA strong
[11:07] {Threei} backing off until we figure it out
[11:18] {kazaam} oil looks ready to pop up
[11:18] {Threei} I am hesitant to call it... look at last similar setup it formed
[11:19] {Threei} from 10:10 to 10:30 approx
[11:19] {Threei} looked ready to break out and pop, and dumped hard instead
[11:20] {Threei} if it holds as a pattern, it will fall to 97 now :)
[11:20] {kazaam} bear flag at 10:!0 to 10:30, kinda looks like head and shoulder now
[11:21] {magoo} to bad we can't short uso
[11:21] {Threei} we can short OIH
[11:22] {magoo} oh right
[11:37] {Threei} and now for the wisdom from above:
[11:37] {Threei} TREASURY'S MCCORMICK: OIL PRICES ARE A HUGE BURDEN ON THE US ECONOMY
[11:37] {Threei} no, really?
[11:38] {kazaam} i think i speak for everybody, without government analysis we would be lost
[11:38] {Threei} like scared children in the darkness
[11:38] {Threei} and the most scary thing is
[11:38] {Threei} magoo would try to get me to hold his hand
[11:39] {magoo} that does it!!!!
[11:39] {Threei} oops
06[11:39] * magoo slaps Threei around a bit with a large trout
06[11:39] * Threei ducks
[11:58] {kazaam} MHP, 40.00 daily support, how do you think that will hold if the market turns downward?
[11:58] {Threei} doubt it
[11:59] {kazaam} tks
[12:13] {Threei} FSLR reports tomorrow
[12:14] {Threei} probable followers LDK, CSIQ
[12:14] {hawkfan4} that's always entertaining
[12:17] {Threei} I am morally, mentally and ethically ready for another big oil drop
[12:19] {Threei} I'd say, USO at 95 would bring tears of joy to my eyes
[12:22] {hawkfan4} mine too, and the sooner the beter
[12:32] {Threei} loss of .80 should launch next leg down USO
[12:33] {Threei} especially if stays under 98
[13:02] {magoo} .
[13:02] {magoo} 29 minutes of silence
[13:02] {Threei} see anything moving?
[13:03] {Threei} unless you want to scalp for 5 cents, thnere is nothing out there
[13:03] {GeoArb} emn?
[13:03] {magoo} i was hoping u did
[13:05] {Threei} not sure Geo
[13:05] {GeoArb} pulled back and approaching lows agfain
[13:07] {GeoArb} scalped 10 cents but got out as didnt have vad validation hehehe
[13:16] {GeoArb} drat
[13:23] {GeoArb} anyone else play emn?
[13:23] {kazaam} naw, i was on EOG for 8 cents
[13:24] {kazaam} the E's are paying out huge
[13:24] {GeoArb} emn dropped 60 cents and i booked 10
[13:24] {GeoArb} hehe
[13:25] {kazaam} time to start working on a time machine
[13:25] {GeoArb} way to go brushing teeth
[13:25] {GeoArb} CL broke
[13:28] {magoo} vad, any "feel" for how days gonna play out?
[13:28] {magoo} close on highs?
[13:28] {Threei} yes
[13:29] {Threei} for now at least
[13:29] {magoo} strange day
[13:31] {kazaam} fnm, trying to break 11.20
[13:34] {magoo} AAPL going for 159...risky..needs mkt
[13:44] {peterg} TITN
[13:44] {peterg} intrsg
[13:44] {peterg} th
[13:44] {peterg} tg
[13:44] {peterg} intrstg
[13:45] {Threei} give up peter
[13:45] {Threei} it's hopeless
[13:45] {Threei} just ask magoo
[13:45] {Threei} he tries to type things 5 times before he shrugs and leaves all his mistypes alone
[13:46] {magoo} yuiop
[13:46] {magoo} yip
[13:46] {Threei} zere u goe
[13:46] {magoo} uyp
[14:13] {hawkfan4} friggin oil
[14:14] {Threei} won't give up easy eh
[14:15] {Threei} I'd think it's simply oversold a bit short term
[14:15] {Threei} bounces are to be expected
[14:22] {Threei} well, wat was that
[14:22] {Threei} on both sides
[14:23] {Threei} SPENDINGPULSE: FOUR-WEEK RETAIL GASOLINE DEMAND -4.1% Y/Y, YTD DEMAND 2.2%, WEEKLY DEMAND +0.7% W/W, -4% Y/Y
[14:23] {Threei} - Weekly figure indicates that US retail gasoline demand is at its highest level since 2007.{USO}
[14:39] {Threei} UPDATE: SOLAR STOCKS TRADING AT NEW HIGHS FOR THE SESSION AGAIN AFTER TOMAS WEISEL MAKES POSITVE COMMENTS ABOUT OUTLOOK FOR THE REST OF THE YEAR
[14:39] {Threei} {SPWR TSL STP ESLR SOLF}
[14:43] {kazaam} nice earthquake here
[14:44] {Threei} where?
[14:44] {kazaam} los angeles
[14:44] {GeoArb} yup
[14:44] {lars} knocked down a pic on wall here
[14:44] {Threei} really?
[14:44] {Threei} wow
[14:44] {GeoArb} my windows shaking
[14:44] {magoo} wow
[14:44] {GeoArb} i had to errr
[14:44] {GeoArb} run out of house
[14:44] {lars} hope thats it!
[14:45] {Threei} on CNN now
[14:45] {Threei} USGS: EARTHQUAKE REPORTEDLY FELT IN LOS ANGELES AREA, NO WORD ON MAGNITUDE
[14:46] {lars} I live by Temecula in SoCal... shook pretty good
[14:46] {lars} not long though luckily
[14:47] {magoo} 5.6
[14:47] {magoo} los ang to san diego
[14:47] {lars} center?
[14:48] {kazaam} santa barbara too
[14:48] {Threei} epicenter seems to be near Pomona they said
[14:48] {laserdave1} geo dcc please
[14:48] {Chaeron} I'm ok in Newport if anyone was worried :))
[14:48] {Threei} and Chino Hills
[14:49] {Chaeron} I heard center was Chino
[14:49] {Threei} anyone heard from Chaeron lately?
[14:49] {Chaeron} :P
[14:50] {peterg} hmmm..hit laser sell, sez no short available; but I wuz long SOLF for my nickel
[14:50] {peterg} then i sold out losing my nickel.
[14:50] {peterg} grr
[14:50] {peterg} thks anyway
[14:51] {Threei} you had sell order in at higher price?
[14:51] {peterg} mkt
[14:51] {magoo} upgraded to 5.8
[14:51] {GeoArb} hehehe latimes down
[14:52] {peterg} going again SOLF
[14:53] {Threei} all solars do
[14:53] {peterg} watching
[14:53] {peterg} burnt, ha ha
[14:56] {magoo} any big reports tonite vad?
[14:56] {Threei} no
[14:57] {Threei} tomorrow FSLR, DIS, SBUX
[14:57] {Threei} SYMC
[14:57] {magoo} after bell tomorrow?
[14:57] {Threei} yeah
[14:58] {Threei} so solars are probably going to play tomorrow as well
[15:00] {Threei} so it's not a Big One yet?
06[15:00] * Threei takes off his hard hat
[15:06] {Threei} CTDC trying to jojn solar race
[15:09] {esemde} I like to hear that solars may be in play.....have been following a huge list of them
[15:10] {Threei} WM?
[15:22] {Threei} hearing npizes about FNM running ahead of Bush signing the bill... isn't it given?
[15:22] {hawkfan4} if i knew what a npizie was i could answer ;)
[15:23] {fernp} lol
[15:23] {Threei} I aam so sleepy, I can't even unholster my trout
[15:23] {hawkfan4} :) my lucky day
[15:23] {Threei} that's your salvation :)
[15:24] {peterg} zzzz
[15:24] {Threei} great... just when I started lifting my eyelids
[15:25] {Threei} thanks a lot peter
[15:25] {magoo} trout??
06[15:25] * Threei ducks
06[15:25] * magoo slaps Threei around a bit with a large trout
[15:25] {peterg} good, thanks
[15:25] {peterg} that feels betr
[15:26] {peterg} btw, I saw vad's favorite movie, "Stalker"
[15:26] {Threei} really? I bet you fell asleep 12 times
[15:26] {peterg} at 2hrs 45 min, i was asleep for 9/10 of it
[15:26] {peterg} very talky philosophical
[15:27] {peterg} camerman learning to shoot distant pans
[15:27] {Threei} thing is, that's half of the package
[15:27] {Threei} there was a book first,
[15:27] {Threei} very dynamic
[15:27] {kazaam} the ending of stalker was the best
[15:27] {Threei} real page turner
[15:27] {peterg} with the telekinesis?
[15:27] {Threei} called Roadside Picnic
[15:27] {kazaam} yeah
[15:27] {kazaam} so you suggest reading the book?
[15:27] {Threei} then movie was filmed,
[15:27] {kazaam} which is slower?
[15:28] {Threei} based purely on underlying phylosophical message
[15:28] {Threei} if you read the book, you may appreciate the movie
[15:28] {Threei} if not, it's pure zzzz
[15:28] {Threei} book was very dynamic, kaz
[15:29] {Threei} nothing like movie
[15:29] {kazaam} i am going to take a gamble and assume the book is more entertaining than the markets right now
[15:29] {Threei} and Stalker himself is a very colorful figure
[15:30] {peterg} there was something gripping & involving, but I can't figure out what
[15:30] {peterg} The pace was glacial.
[15:30] {Threei} http://en.wikipedia.org/wiki/Roadside_Picnic
[15:31] {Threei} A Roadside Picnic film based on the novel is now in development by Columbia TriStar, to feature John Travolta, with a 2008 release date
[15:31] {kazaam} yeah, when i think Stalker i think JOhn travolt
[15:32] {kazaam} jk jk
[15:32] {Threei} hehe
[15:32] {Threei} digfferent meaning of word
[15:33] {Threei} book itself in both languages:
[15:33] {Threei} http://www.shnaresys.com/roadside/picnic/parallel.htm
[15:33] {peterg} vad you are a scholar of the book/movie
[15:34] {GeoArb} pssst
[15:34] {peterg} is that the whole book?
[15:34] {GeoArb} he is the authhor
[15:34] {peterg} ahhhh
[15:34] {Threei} lol
[15:34] {Threei} not sure, didn't scroll it all
[15:35] {Threei} looked in a few spots, looks authentic
[15:35] {peterg} is long
[15:35] {Threei} not really
[15:35] {peterg} shlee i shlee, i pele vechnuyu pamyatch (opening line of Dr. Zhivaog
[15:35] {peterg} we will now discuss russian literature
[15:36] {peterg} before sleeping
[15:36] {peterg} while sleeping
[15:36] {GeoArb} you insulting?
[15:36] {peterg} whom?
[15:36] {peterg} how?
[15:36] {GeoArb} russinan lit
[15:36] {peterg} nyet
[15:36] {GeoArb} lolol
[15:37] {peterg} esp. old Russ lit, like it myuself
[15:38] {Threei} mags, market seems to be doing it
[15:38] {Threei} wants to close at the high
[15:39] {peterg} laser couldn't give me SOLF or ESLR to short when it was trending down Universal?
[15:40] {Threei} I guess they are shorted to death, not much inventory
[15:40] {Threei} one of factors that drives price up now
[15:40] {Threei} book can be downloaded from official site of authors at http://www.rusf.ru/abs/books/pno.zip
[15:40] {GeoArb} yes universal
[15:41] {GeoArb} i checked 2 others
[15:41] {laserdave1} mer going nuts
[15:41] {GeoArb} my previous mention
[15:41] {GeoArb} cl
[15:43] {peterg} thks
[15:44] {Threei} from NQ daily, 1860 bereak should launch next leg up
[15:44] {Threei} hawk... no question "what bereak is" is allowed
[15:44] {hawkfan4} lol, :)
[15:45] {peterg} thats our next pres, bereak obama
[15:46] {Threei} great... how did I get myself in political discussion
[15:46] {peterg} except canadians, never mind
[15:46] {GeoArb} are you talking about cathering the great vad?
[15:47] {peterg} geo, what is cathering? medical procedure?
[15:47] {Threei} rofl
[15:47] {GeoArb} lol
[15:47] {GeoArb} bunch of potemkins
[15:47] {peterg} fooled catherine
[15:50] {Threei} OK guys, tomorrow should be an interesting day
[15:50] {magoo} ty vad..all
[15:50] {Threei} solars get in the picture, it's been a while since we had anything to play aside of financials and airlines
[15:50] {Threei} a bit more variety in the buffet
[15:51] {Threei} have a good evening, see you all tomorrow
[15:51] {lars} nice :)
[15:51] {lars} evening all
[15:51] {peterg} bye all
[15:51] {peterg} hope quake done
[15:52] {fernp} see you all tomorrow

Jul 28 2008

[08:17] {Threei} IRAN PRESIDENT SAYS OIL PRICES 'NOT REALISTIC'; WOULD WELCOME NEW US TACK - NBC INTERVIEW
[08:17] {Threei} - NBC ran a snippet ahead of its interview with Iran's President to be broadcast later tonight
[08:43] {Threei} 08:30am [NTWK] Guides FY09 $0.40-0.45 v $0.37e; Guides FY09 Rev +30%-35% y/y (only 1 est.)
[09:01] {dptl} good morning all
[09:03] {Threei} Good morning :)
[09:04] {pita} gm everyone
[09:04] {Threei} pita :)
[09:06] {peterg} gm all
[09:06] {Threei} peter :)
[09:08] {peterg} for me today will be very interesting and frustrating; I now hve the famous laser platform, so I am back in first grade yet again.
[09:09] {Threei} just allow yourself time to learn it
[09:09] {peterg} and dont smash computer
[09:09] {Threei} it's a powerful weapon, learning curve is not really steep but will take a few
[09:10] {peterg} minutes? months
[09:10] {peterg} years
[09:10] {Threei} days :)
[09:10] {peterg} good
[09:11] {Threei} you have my layout as a starting point
[09:11] {Threei} adjust things for your configuration
[09:12] {peterg} layout from video
[09:12] {Threei} and re-orient your priorities for couple days,
[09:12] {Threei} don't try to make money right away, aim for learning the software
[09:13] {Threei} when you become comfortable with tools, you can focus on utilizing them
[09:14] {Threei} slappng dave with herring helps too
[09:14] {peterg} looking forward to it
[09:15] {Threei} you'll enjoy it... everyone who tried it once just can't let the fish go
[09:15] {Threei} lars, welcome aboard
[09:17] {hawkfan4} good morning
[09:17] {Threei} hawk :)
[09:17] {Threei} so, OPEC prez says oil should go to 70-80... Iran prez makes friendly noizes
[09:17] {Threei} what does this thing stil do above 129
[09:18] {Threei} REPORTEDLY THE US BUDGET DEFICIT SEEN AROUND $490B IN FY2009 - ADNMINISTRATION OFFICIAL
[09:18] {Threei} 129 = 120
[09:19] {cosmo} NTWK holds 3.45 ...so far
[09:20] {Threei} 3.40 - 3.60 range for now
[09:21] {fernp} good morning all
[09:21] {Threei} fern :)
[09:21] {Threei} one of those stocks today... either dies on the vine or gets attention and turns into serious runner
[09:21] {esemde} good morning.....
[09:21] {Threei} ese :)
[09:21] {esemde} morning vad
[09:22] {esemde} need to get back to work.........just about slept in again
[09:22] {lars} morning all thanks for welcome Vad
[09:22] {esemde} summer holidays makes you lazy I think
[09:22] {Threei} :)
[09:22] {Threei} from daily chart, 3.20 area is support
[09:22] {Threei} I don't have that problem ese
[09:23] {Threei} I am equally lazy any time of the year
[09:23] {esemde} I want your problem then
[09:24] {Threei} IRAN PRESIDENT: IRAN IS NOT WORKING ON A NUCLEAR WEAPON - NBC NEWS INTERVIEW PREVIEWS
[09:24] {Threei} {USO}
[09:25] {Threei} overall, usual suspects on radar... FNM, UAUA, FRE, plus NTWK
[09:26] {Threei} if oil getting hit UAUA is a player again
[09:28] {magoo} HEY:)
[09:29] {Threei} mags!
[09:29] {Threei} greeting trout in order?
[09:29] {esemde} AMGN up 7 pts
[09:30] {Threei} got a few upgrades
[09:30] {magoo} please do
[09:30] {esemde} and new osteoperosis drug as well
06[09:30] * Threei slaps magoo around a bit with a large trout
[09:31] {magoo} i knew something missing all week
[09:31] {Threei} :)
[09:33] {Threei} .15 long UAUA
[09:33] {Threei} stop under 7
[09:33] {Threei} too fast?
[09:33] {Threei} no chasing
[09:34] {Threei} it gives sudden "teleportations" up and down
[09:34] {Threei} one of such to the downside gives an entry chance for fast traders
[09:34] {Threei} but have to time it with USO moves
[09:35] {Threei} over 1:1 if anyone got it (doubtfully)
[09:35] {magoo} i did :)
[09:35] {Threei} wow... some got nice rest
[09:35] {Threei} grab profit or at least partial
[09:36] {magoo} ok out .38
[09:36] {magoo} TY
[09:36] {Threei} welcome, nice start after vacation
[09:36] {Threei} if USO moves down sharply, watch for UAUA headfake downtick
[09:37] {esemde} LSchw
[09:37] {Threei} it does it often shaking traders out before jumping up
[09:37] {esemde} 22.18
[09:37] {esemde} 1/2 lot
[09:38] {Threei} VVUS
[09:38] {Threei} break over .70 long
[09:38] {Threei} if stays above .55
[09:39] {Threei} FNM, watch for pullback into 12 - 12.20 area for entry
[09:42] {Threei} here comes sizeable pullback UAUA
[09:42] {Threei} USO drop will give an entry now
[09:43] {Threei} 99.50 break should launch next leg down
[09:46] {Threei} die USO
[09:47] {kazaam} did fnm already waste its bounce?
[09:47] {kazaam} or you think its got another?
[09:48] {Threei} didn't pull back deep enough for me
[09:48] {Threei} it haas ranges wider than this
[09:48] {Threei} here goes USO
[09:49] {Threei} if you got UAUA, stop under .20
[09:49] {magoo} vad, FNM?
06[09:49] * Threei hits USO over the head with 2x4
[09:50] {Threei} feels like should dive deeper FNM
[09:50] {Threei} under 12
[09:50] {Threei} watch for quick selling
[09:50] {kazaam} awww, the 2x4 is sometimes for subtle than the boots
[09:51] {Threei} 2x4 works
[09:52] {kazaam} amgn break high or low a decent play?
[09:52] {Threei} can't get a grip on it kaz... not sure
[09:53] {Threei} feel free to scalp or partial here on UAUA
[09:54] {Threei} with entry about .35, nicely above 1:1
[09:56] {Threei} FNM should lose 12 now
[09:58] {peterg} ok i like laser & colors are prettier
[09:59] {Threei} yup, I am a sucker for flashing lights too
[10:00] {Threei} and you have dave to slap as a bonus
[10:00] {Threei} icing on a cake so to speak
[10:00] {peterg} where is he
[10:00] {Threei} slacking
[10:00] {Threei} which gets him double trout when he wakes up
[10:00] {Threei} but if you need urgent help, phone him
[10:01] {peterg} nope, i just figured out how to buy...now if I can figure out how to sell....
[10:01] {Threei} lol
[10:03] {Threei} missed FNM dive under 12
[10:03] {magoo} wa last week up week or down for mkts overall?
[10:03] {Threei} up... and don't tell me you unlearned how to tell that from chart
[10:04] {magoo} hey, im even lazier now than before i left lol
[10:04] {Threei} is it even possible?
[10:04] {magoo} if thats possible
[10:04] {Threei} I perceive it as a threat to my king of laziness status
[10:05] {magoo} waiting .71 uaua
[10:06] {Threei} whatcha got on entry?
[10:06] {magoo} .34
[10:06] {Threei} :)
[10:06] {magoo} there TY
[10:07] {Threei} welcome
[10:07] {Threei} this pair continues giving
[10:15] {Threei} get ready for bounce scalp FNM
[10:16] {Threei} IMF REPORT: RISKS TO THE FINANCIAL SECTOR REMAIN ELEVATED, THE SECTOR REMAINS FRAGILE, SEE INCREASED LIKELYHOOD OF THE SECTOR'S WOES IMPACTING THE REAL ECONOMY
[10:16] {Threei} - The bottom for the US housing market is not visible, declining home values may make homes more affordable and help stabilize the market.
[10:16] {Threei} - Sees "systemic consequences" if confidence is lost in the GSEs. The GSE model requres further examination and oversight.{FRE FNM}
[10:17] {Threei} in
[10:17] {magoo} in .79
[10:17] {Threei} stop .69
[10:17] {Threei} may take a few tries
[10:19] {kazaam} target is around 12?
[10:19] {Threei} at least
[10:19] {Threei} most likely higher
[10:19] {magoo} seems like 12.25 area
[10:21] {Threei} stopped
[10:21] {magoo} yup
[10:37] {magoo} hello?
[10:37] {magoo} 15 minutes of silence
[10:37] {patience} missed you magoo, overwhelmed by your presence :)
[10:37] {Threei} lol
[10:38] {magoo} :)
[10:39] {Threei} CNBC: TREASURY PAULSON TO SPEAK AT 2:30PMET
[10:40] {magoo} u make alot of cake without me last week?
[10:40] {Threei} almost all of it
[10:40] {Threei} we were in hurry to grab as much as we could before your return
[10:40] {magoo} dino left me a post-it on desk..made big $$
[10:41] {magoo} nioceof him
[10:41] {magoo} nice
[10:42] {Threei} .71 long FNM if stays above .60
[10:47] {Threei} NTWK never got any traction
[10:47] {Threei} probably dead in the water
[10:48] {Threei} BRCM
[10:48] {Threei} 24 break long
[10:48] {Threei} stop under .80
[10:50] {Roman} 21 CHK
[10:50] {Threei} FNM is valid
[10:50] {Roman} 21 HK looks decent
[10:51] {Roman} 21 and CHK for long continueation
[10:55] {pita} stop FNM?
[10:55] {Threei} .55
[10:58] {Threei} feels like tide has changed to upward on FNM again
[10:58] {Threei} needs a l,ittle help by market
[11:00] {Threei} .85 break should send it back to 12
[11:03] {Threei} market weakens... holding it back
[11:16] {Threei} OPEC PRES: PROBABLE FOR OIL PRICES TO REMAIN STABLE AT CURRENT LEVEL
[11:16] {Threei} - Reminder Saturday the OPEC President noted that oil prices should trend towards the $70-80/bbl level{USO}
[11:16] {Threei} guy changes his mind faster than daytrader
[11:18] {kazaam} @ 1250 on S&P, could be a critical break
[11:20] {Threei} 7.25 long UAUA
[11:20] {Threei} 7.14 stop
[11:24] {esemde} I'm back..with a loss...was out of SCHM 22.02 for a minus .-16. phone call from Norway...want my High school band to come there on tour next year but we are already going to Belgium
[11:25] {esemde} let that be a lesson to you all....
[11:25] {esemde} distractions turn into losses
[11:26] {Threei} USO is too strong for market to hold up it seems
[11:26] {esemde} in this case small loss...
[11:26] {esemde} man....cannot believe the phone calls i'm getting
[11:26] {Roman} 21 watching CSIQ
[11:27] {Roman} 21 probably wants over $30
[11:48] {Threei} LEH
[11:48] {Threei} MAINTAINS Q3 DIVIDEND AT $0.17
[11:52] {peterg} Laser, a high-speed trading platform, makes it possible to lose money faster than ever before.
[11:53] {peterg} Did take smaller sh size, tho, so not too bad
[11:53] {peterg} ain't learning grand?
[11:54] {Threei} sure is... and very rewarding when learning curve is over
[11:54] {Chaeron} Good morning all... welcome back Mags... hope to see vids on youtube of your past week :)
[11:54] {Threei} chaeron :)
[11:54] {magoo} chaer
[11:55] {magoo} living my dream...6 days mx
[11:55] {magoo} vad, what qwuote server u on?
[11:55] {Threei} 11
[11:56] {magoo} ty
[12:00] {kazaam} i thought it was 11-12 o'clock the way things are trading
[12:01] {magoo} sigfh...i had 65 emails to come back too
[12:01] {kazaam} select all } delete?
[12:03] {magoo} well..some i need to see lol
[12:21] {magoo} hello
[12:21] {magoo} its been 18 mins
[12:22] {Threei} someone got too precise watch
[12:38] {Threei} both USO and market got locked in a narrow range
[12:39] {Threei} USO break of 99.50 should re-energize the market
[12:40] {magoo} vad, was there recent negative news with aapl?
[12:41] {Threei} nothing ground shaking
[12:44] {Threei} USO chose to spike instead
[12:44] {Threei} btw magoo
[12:44] {magoo} uh oh
[12:44] {Threei} last two days on last week were first days that looked like typical summer
[12:45] {Threei} just so you know, we finally maybe entered it
[12:45] {Threei} maybe not... we will see
[12:45] {magoo} ok..thought a slap was comig
[12:45] {Threei} oh, that is not very far
06[12:45] * Threei slaps magoo around a bit with a large trout
[12:46] {Threei} just wanted to alert about slight pattern change you and lars, since you weren't here last week
[12:46] {Threei} whole thing before that didn't look like normal summer trading at all, so it's a very recent change
[12:47] {lars} I have a lot to learn :)
[12:49] {Threei} we all do, just some of us are better at pretending they learnt everything there is
[12:56] {dptl} Vad dcc,pls
[13:10] {Threei} FED'S MISHKIN: INFLATION TARGET SHOULD BE HEADLINE, NOT CORE, AS CORE MAY BE A BIASED MEASURE OF LONG RUN INFLATION - Q&A
[13:10] {Threei} - Reacting too much to headline and not core inflation couldn lead to bad outcomes, core inflation does not contain important information for policy makers.
[13:10] {Threei} - Expects inflation to drop to around 2% in the next three years.
[13:10] {Threei} - The recent drop in oil is "very welcome."
[13:29] {magoo} uso breaks .50 vad
[13:30] {Threei} not sure about follow throuigh
[13:32] {Threei} the only way right now to play this kind of moves is if it drops sharply and UAUA gives a delay enough for entry
[13:35] {Threei} this UAUA pullback creates good base for entry - IF USO drops fast from here
[13:47] {Threei} WHITE HOUSE: ECONOMY CONTINUES TO EXPAND, REMAINS "FUNDAMENTALLY RESILIENT"
[14:15] {magoo} .
[14:15] {Threei} fine point
[14:22] {Threei} PREVIEW: TREASURY'S LATEST QUARTERLY FINANCING ESTIMATES EXPECTED AT 3PMET
[14:25] {magoo} market mover?
[14:29] {Threei} probably
[14:29] {Threei} oil is major force moving market right now
[14:31] {magoo} cnbc paulson news coming
[14:50] {esemde} would have to agree with that statement Vad....as I look at the OEX....it mimickss the indexes or they are mimicking it.
[14:51] {esemde} opps oex isn't Oil index thats the S&P 100
[14:54] {Threei} just use USO for oil
[15:07] {esemde} Ok signing off...have a tee time at 1:00pm out in your neck of the wods Vad....Cordova Bay
[15:08] {Threei} have fun :)
[15:08] {esemde} see you all tomorow
[15:08] {esemde} i will
[15:08] {magoo} bye es
[15:08] {esemde} see ya mags
[15:15] {Threei} looking for UAUA to hold 7 and break 7.10 for a scalp
[15:26] {judijim} we're signing off, did trade today for net + $1225, be back tomorrow
[15:30] {Threei} take care jj
[15:43] {fernp} I have to go. see you all tomorrow.
[15:44] {Threei} take care fern
[15:44] {Threei} fairly empty day
[15:44] {Threei} couple good moves in the morning, then plug gets pulled
[15:53] {Threei} OK guys, let's have a good evening
[15:53] {Threei} thank you all, see you tomorrow
[15:53] {dptl} have a good evening all

Jul 25 2008

Session Time: Fri Jul 25 00:00:00 2008
[08:26] {Threei} Fre
[08:26] {Threei} SAYS JUN RETAINED MORTGAGE PORFOLIO UP TO $791.8B V $770.4B PRIOR MONTH
[08:30] {Threei} JUN DURABLE GOODS ORDERS: 0.8% V -0.3%E;
[08:30] {Threei} EX-TRANSPORTATION: 2.0% V -0.2%E
[08:30] {Threei} - Prior Durable Goods revised from 0.0% to 0.1%
[08:30] {Threei} - Prior Ex-Transportation revised from -0.8% to -0.5%
[09:00] {esemde} gutten morgan.....ya das vhat it izzz......a nader fine day!!!!
[09:00] {Threei} good morning :)
[09:00] {esemde} Vad..
[09:00] {esemde} cos, dp hawk jmb peter
[09:01] {hawkfan4} good morning
[09:01] {Threei} hawk :)
[09:06] {peterg} troops assembling--morning all
[09:06] {Threei} peter :)
[09:08] {fernp} good morning all
[09:08] {esemde} morning peter....By The Left!!!!Quick March!!!!!
[09:08] {Threei} fern :)
[09:09] {peterg} ese--you have marching band, yes?
[09:10] {peterg} or rock band,
[09:10] {peterg} music is your muse
[09:10] {peterg} one of them
[09:10] {cosmo} and wet grass for morning practice?
[09:11] {peterg} memory lane
[09:12] {judijim} hello and good morning all
[09:13] {Threei} jj :)
[09:14] {Threei} brb
[09:14] {peterg} byob?
[09:21] {Threei} FUEL
[09:21] {Threei} ENTERS MULTI-YEAR MARKETING AGREEMENT WITH CHEVRON
[09:21] {Threei} - Subsidiary H & W Petroleum Company, Inc. has entered into a multi-year Lubrication Marketer Agreement with CVX unit Chevron Products Company to market Chevron branded lubricants. The Company's similar agreement with Chevron U.S.A. for its Texaco brand of lubricants which was entered into in 2005 also remains in place.
[09:21] {Threei} - Financial terms were not disclosed
[09:23] {Threei} USO drop propped UAUA... realtion is still there
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:28] {esemde} whoaaa...did you see the fusalage of that Qunatas 747 on route from London to Australia.....2.5 X 3 meter hole...
[09:28] {esemde} picture in the news
[09:28] {cosmo} what did it?
[09:29] {esemde} pasengers just heard an explosion of some kind.
[09:29] {cosmo} oh
[09:29] {cosmo} not Quantas...
[09:29] {peterg} may the market explode with happiness
[09:30] {esemde} http://www.mytelus.com/new_homepage/ ....heres a link to mytelus
[09:32] {Threei} SQNM 22.16 long if stays above 22, half lot
[09:32] {esemde} good looking daily chart Vad
[09:32] {Threei} and biotech sector really getting attention
[09:33] {esemde} i'm in bstop 22.16
[09:34] {Threei} wow FNM
[09:34] {kazaam} nuva, break of .50
[09:34] {kazaam} darn huge spread
[09:34] {esemde} sqnm invalidated
[09:35] {esemde} bstop removed for me
[09:37] {Threei} UAUA long .11
[09:37] {Threei} atop under 8
[09:38] {esemde} l jrcc 34.03
[09:38] {esemde} 1/2 lot
[09:39] {esemde} stop 33.80
[09:39] {Threei} take UAUA profit here who got it
[09:39] {esemde} stopped....damn that was fast
[09:39] {Threei} out +30
[09:40] {esemde} nice vad
[09:40] {esemde} bstop ARBA 17.11 1/2 lot
[09:40] {Threei} US SENATE ENERGY BILL REGARDING SPECULATION IN ENERGY MARKETS HAS REPORTEDLY FAILED A PROCEDURAL ELEMENT, WILL NOW BE SET ASIDE
[09:41] {Threei} [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
[09:42] {esemde} ARBA invalidated for me
[09:42] {esemde} hmmmmm...not having much luck here today
[09:43] {Threei} UAUA nice pullback, look for USO resumtion down for re-eentry
[09:44] {Threei} not yet, USO upticking
[09:44] {Threei} UAUA tends to overshoot on both sides, be patient
[09:44] {Threei} better miss the play than be in too early
[09:45] {kazaam} vad, i must say, you ability to type to the room and take these trades is remarkable, this is coming from a guy who has played video games his whole life
[09:45] {Threei} sometimes I miss them while typing
[09:45] {esemde} I'll Second that Emotion!
[09:45] {esemde} Smokey Robinson
[09:46] {Threei} on UAUA call parrticularly had to take .15 instead of .11
[09:47] {kazaam} any read on amzn?
[09:48] {Threei} 80 BREAK
[09:48] {Threei} SMALL
[09:48] {Threei} stop under .80
[09:48] {Threei} 1:2 already
[09:48] {kazaam} heh, i missed
[09:48] {Threei} I mean 1:4
[09:48] {Threei} lol
[09:49] {Roman} 21 CROX
[09:49] {Roman} 21 bouncing
[09:51] {Threei} QLGIC
[09:51] {Threei} QLGC
[09:51] {Threei} 19.20 long
[09:51] {Threei} if stays above 19.05
[09:52] {Roman} 21 bidding crox
[09:52] {Roman} 21 on pullback 5.01
[09:53] {kazaam} DNA might break 95.34
[09:53] {esemde} VDSI bstop 13.91
[09:54] {Roman} 21 observing WM on CNBC comments
[09:54] {Roman} 21 WM Washington Mutual: Faber on CNBC says WM spokesperson said they now have $50 bln in liquidity, up from $40 bln at end of Q2 (3.75 -0.28)
[09:55] {Threei} US SENATE HOUSING BILL HAS REPORTEDLY PASSED A PRODEDURAL ELEMENT, VOTE TO COME SAT
[09:55] {Threei} *JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 61.2 V 56.4E
[09:55] {Threei} - 1 yr median inflation expectations at % v 5.3% July Prelim. (5.1% in June)
[09:55] {Threei} - 5 yr median inflation expectations at % v 3.4% July Prelim. (3.4% in June)
[09:55] {esemde} L VDSI .90
[09:56] {Roman} 21 WB
[09:56] {Roman} 21 for bounce
[09:56] {Roman} 21 in 15
[09:56] {Threei} FNM 11 break long
[09:58] {Threei} stop under 11.90
[09:58] {Threei} 10.90, sorry
[09:59] {kazaam} qlgc still gud?
[09:59] {Threei} yes
[10:00] {kazaam} go market go
[10:00] {Threei} JUN NEW HOME SALES: 530K V 503KE,
[10:00] {Threei} woohooo
[10:00] {peterg} FNM in at .04
[10:00] {Threei} -0.6% M/M V -1.8%E
[10:00] {Threei} - Prior revised from 512K to 533K
[10:00] {Threei} half out FNM
[10:01] {Roman} 21 in WM
[10:01] {Roman} 21 3.85
[10:01] {esemde} nice trade Vad
[10:01] {Threei} ty
[10:01] {esemde} stopped
[10:01] {esemde} VDSI
[10:02] {peterg} out FNM @ .35 +30 tks vad
[10:02] {Threei} welcome
[10:02] {Roman} 21 out WB +.45
[10:02] {esemde} OK stopped twice.....i'm just watchin.....
[10:02] {Threei} wtg Roman
[10:03] {peterg} have boldly increased sh size to 300; can smell the $$
[10:03] {hawkfan4} thx for WB roman, nice one
[10:03] {Threei} follow MPP procedure peter
[10:03] {peterg} pride goeth...........
[10:03] {Roman} 21 yw, spike inthe markets helped
[10:04] {Threei} UAUA
[10:04] {Threei} S&P CUTS LONG-TERM RATINGS TO "B-" FROM "B"
[10:04] {peterg} ok taking out blue book
[10:04] {Threei} lol
[10:05] {Threei} making money is the beautiful thing, and position size increase helps... just don't want you to act in a rush, there are steps to follow
[10:05] {peterg} right, see p 170, increasing Trading size
[10:06] {Threei} right
[10:06] {peterg} When I screw up, drop back
[10:06] {Threei} trust me... those steps are derived form both my own experience and tutoring more traders than wanted to be tutored
[10:07] {peterg} I do vadsky, ido
[10:07] {Threei} trigger already QLGC
[10:07] {Threei} you know you want higher
[10:07] {Roman} 21 out 1/2 WM +.30
[10:08] {hawkfan4} thx again :) out full +.30 wm
[10:09] {Threei} fiiiinally
[10:09] {Threei} now just go, no shakes, no silly games
[10:09] {Roman} 21 once in a while we hae to get lucky
[10:09] {kazaam} stop 19.10?
[10:10] {Threei} how does it feel peter, to go from the state of "what the heck is going on" that you claimed not so long ago, to making money in live trading? :)
[10:10] {Threei} btw, let's put QLGC stop under .10
[10:11] {Threei} yes kaz
[10:11] {peterg} really good
[10:11] {Threei} initially was under .05
[10:11] {Threei} but it gave new range before triggering
[10:12] {Roman} 21 wacthing CROX
[10:12] {Roman} 21 maybe take very small
06[10:12] * Threei kicks QLGC in the rear with steel toed heavy duty army boots
[10:12] {Threei} ahha... violence works
[10:12] {peterg} I am learning techniques of following masters; quite a way from being one.
[10:12] {Threei} take that .25 now
[10:13] {Roman} 21 vad any read o CROX?
[10:13] {Threei} no, sorry
[10:13] {Threei} not my type
[10:13] {Threei} and I hate those shoes
[10:14] {Threei} FNM, this trime around 11 is not an entry IMO
[10:14] {Threei} let it sort things out for now
06[10:16] * Threei pokes QLGC with high voltage sharp stick
[10:16] {kazaam} would klac have been a good reversal play? at 37.28?
[10:16] {kazaam} or is that just hindsight agian
[10:17] {Threei} pattern wise, it's a valid one
[10:17] {Threei} not just hindsight
[10:17] {kazaam} tks
[10:18] {Threei} hmmm... did I paralyze QLGC with that poke?
[10:20] {esemde} obviously in too soon on JRCC...
[10:23] {Threei} UAUA .50 break long if USO drops
[10:23] {Threei} and if holding above .35
[10:26] {Threei} out QLGC
[10:26] {Threei} tiresome
[10:37] {kazaam} qcom, break of .92?
[10:39] {Threei} if market helps
[10:39] {Threei} wouldn't want to buy breaks in dropping market
[10:41] {kazaam} gotcha
[10:45] {Threei} stop under .80
[10:45] {Threei} with some padding probably, .75 or so
[10:48] {Threei} looks like help is coming
[10:48] {Threei} 55 break will make or break this play
[10:48] {kazaam} i am skeptical
[10:49] {kazaam} yep
[10:49] {Threei} I am not
[10:49] {Threei} it will break
[10:49] {Threei} broke... then retreated, lol
[10:54] {peterg} any read MEE
[10:55] {Chaeron} good morning all
[10:55] {Threei} no peter, too jumpy
[10:55] {Threei} Chaeron :)
[11:07] {peterg} going to get 2nd cup of coffee
[11:08] {peterg} large dark roast from Starbux inside B&N
[11:20] {peterg} back with lg cfee; no one has said anything since I left.
[11:20] {peterg} ok, b that way
[11:20] {Threei} lol
[11:21] {Threei} everything just fell asleep
[11:21] {peterg} flat lining
[11:23] {peterg} UAUA close to low again
[11:24] {peterg} USO up
[11:43] {peterg} what are people doing?
[11:44] {Threei} looking at scanner... looking at the charts...
[11:44] {peterg} is this the beginning of market summer?
[11:45] {Threei} could be... if so, we were blessed with almost 2 months of abnormal activity
[11:45] {Threei} and I have a feeling even the rest of summer is going to be way more usable than usual
[11:45] {peterg} good
[11:45] {hawkfan4} i hope you're right about that
[11:46] {Threei} yesterday was the first day in whole summer that I felt like summer
[11:46] {peterg} your baby needs new shoes, too?
[11:46] {Threei} and it was second half of the day only
[11:50] {peterg} ESRX? 2 days break
[11:51] {Threei} wirth small shares try
[11:51] {Threei} worth
[11:51] {Threei} can be very volatile, be careful\
[11:52] {peterg} just watchin
[11:53] {hawkfan4} vad, LEH short off 17.50 if the market turns?
[11:54] {Threei} do you havwe short available for it?
[11:54] {hawkfan4} yep
[11:54] {Threei} cool, then yes
[11:55] {hawkfan4} thanks :) in .55
[12:03] {Threei} covered any?
[12:05] {hawkfan4} not yet
[12:07] {hawkfan4} out 1/2 at .28
[12:08] {Threei} :)
[12:17] {peterg} Congratulations! How short LEH? Cox be comin
[12:18] {hawkfan4} lol, thx
[12:23] {hawkfan4} 1/4 more out .03
[12:27] {hawkfan4} out all .15
[12:28] {peterg} now go long LEH?
[12:28] {hawkfan4} not me
[12:30] {dptl} lost laser conection
[12:32] {dptl} vad..your laser workig?
[12:40] {Threei} yes
[12:41] {dptl} oh just came back...wierd
[12:41] {Threei} must be your connection... mine never quit
[12:50] {Threei} feelas like USO breakdown of 100 ashould trigger UAUA break of 8 for a long
[12:56] {Threei} stop under .90
[13:00] {Threei} 1:1
[13:01] {fernp} out +.12 TY
[13:02] {Threei} :)
[13:02] {Threei} easy money
[13:03] {Threei} once you get a grip on certain pattern, it's simply a matter of exploiting it until it stops working
[13:05] {fernp} too nervous for me UAUA, but this one was easy
[13:14] {hawkfan4} 13:12 S&P Puts Freddie Mac And Fannie Mae On CreditWatch Negative
[13:41] {dptl} cymi short?
[13:41] {Threei} probably, on .10 break
[13:42] {dptl} got .10
[13:42] {dptl} .20 stop
[13:44] {Threei} nice and easy
[13:44] {dptl} +.10
[13:48] {dptl} xmsr same set up looks like
[13:49] {dptl} if go thru .10 may be?
[13:52] {dptl} simo?
[14:05] {Threei} XMSR yes
[14:05] {dptl} stoped simo
[14:10] {fernp} have to go. see you on monday. have a nice weekend all
[14:10] {Threei} take care fern
[14:13] {Threei} test
[14:13] {dptl} pass
[14:13] {Threei} I guess...
[14:13] {Threei} for some reason I have typing bar separated by two sections
[14:14] {Threei} can't understand what second on is so I typed in it
[14:14] {Threei} whatever... two sections probably is better than one
[14:14] {dptl} :)
[14:14] {Threei} the very fact that I am researchinh it shows how bored I am {G}
[14:15] {Threei} FORMER FED GOVERNOR POOLE: THE GSES SHOULD BECOME PRIVATE FIRMS
[14:15] {Threei} {FNM}
[14:16] {dptl} short xmsr .16
[14:16] {dptl} .22 stop
[14:17] {dptl} may be it'll reak .10 now
[14:17] {dptl} break
[14:25] {dptl} biding 9 ..stop to b/e
[14:36] {dptl} out flat
[14:57] {Threei} do we really have two more hours to go??
[14:57] {Threei} I broke keyboard with my chin
[14:58] {dptl} just one
[14:58] {hawkfan4} just one more
[14:58] {Threei} oh
[14:58] {Threei} sheesh... lost ability to read the dial too
06[14:58] * Threei slaps laserdave1 around a bit with a large trout
[14:58] {Threei} nah... doesn't help... still sleepy
06[14:59] * Threei slaps laserdave1 around a bit with an old sofa with sticking springs
[15:00] {Threei} that's better
[15:00] {Threei} watch for PNSN possible pullback to 17.50 for bounce scalp
[15:06] {peterg} snooooore
[15:06] {peterg} how about seeing Batman ?
[15:13] {laserdave1} ah thats what i always wanted a new sofa
[15:26] {peterg} fading away into nothingness;
[15:30] {dptl} have a good weekend all
[15:31] {peterg} u2, dp
[15:31] {Threei} OK guys, let's end the torture
[15:32] {Threei} this is a day that ended within 2 hours after it begun
[15:32] {Threei} thank you all, have a great weekend, see you all on Monday
[15:32] {hawkfan4} thx vad
[15:33] {peterg} alrigihty then, have a good w/end & see you Mon

Jul 24 2008

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 :)

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