Aug 07 2008

Session Time: Thu Aug 07 00:00:00 2008

[08:15] {Threei} VRNM... morning fingers warm-up, 3.32 in, 3.50 out
[08:17] {hawkfan4} nice
[08:18] {hawkfan4} what's got oil so happy this morning?
[08:18] {Threei} looked quite safe with offer right at yesterday's closing price
[08:19] {Threei} I don't ssee anything dramatic in news
[08:19] {hawkfan4} yeah me either
[08:20] {Threei} I guess we just can't count on straing down to 80 :)
[08:21] {Threei} in my view we will get there sooner or later
[08:21] {Threei} but there are always different camps
[08:21] {Threei} one perceives such drop as end of bull move
[08:21] {hawkfan4} i sure hope we do
[08:21] {Threei} other takes it as pullback within bull trend
[08:22] {Threei} and seeing it as buying opportunity provides buying wave
[08:22] {Threei} then there are shorts, some of which have shorter time frame
[08:22] {Threei} or lower risk teloerance
[08:23] {Threei} so they add fuel to buying after significant pullback
[08:23] {Threei} All these reasons exist in "trading" universe, not in "investing" one
[08:23] {Threei} so they influence direction regardless of visible reasons
[08:24] {Threei} (and that's where we short term traders find our food)
[08:24] {hawkfan4} makes sense to me :)
[08:25] {Threei} our hope now is,
[08:25] {Threei} the depth of this oil drop showed potential buyers just how vulnerable it can be
[08:25] {Threei} and hopefully instilled fear in them
[08:25] {Threei} so when recoveries occur, they (buyers) will tend to get much more careful
[08:26] {Threei} and we will not see "buy at any price, it goes to the moon anyway" mentality
[08:27] {Threei} I mean if oil could drop 30 bucks in a course of what, less than one month,
[08:27] {Threei} what is there to keep it from dropping 40 more in just a few short weeks
[08:27] {Threei} which would get us to that 80
[08:27] {hawkfan4} that beautiful 80
[08:28] {Threei} Magnitude of such drop also serves as good reminder that no matter what kind of fundamental reasons lie under the bullish move
[08:28] {Threei} there is a great deal of pure trading reasons also
[08:28] {Threei} and it's anyone's guess what ratio is
[08:29] {Threei} I see some saying last 40 bucks were pure speculation,
[08:29] {Threei} others assigning last 60 or last 20
[08:29] {Threei} I have no idea how they calculate it, my tea leaves show last $85.76
[08:30] {hawkfan4} lol, all i know is i'll be sad when the UAUA/oil trade dries up
[08:30] {Threei} but market tens to overshoot reasonable targets on BOTH sides
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 455K V 425KE; CONTINUING CLAIMS: 3.311M V 3.255ME
[08:30] {Threei} *(CA) JUN BUILDING PERMITS M/M: -5.3% V -1.0%E
[08:31] {Threei} something else will come...
[08:31] {Threei} sure, such strong correlation is always nice to have
[08:31] {Threei} provides for amazingly predictable trades
[08:32] {hawkfan4} yep, i traded the solars for a long time, now they're much less predictable, i hardly touch them
[08:32] {Threei} right
[08:32] {Threei} we played solars for about 6 months at least I think
[08:32] {Threei} financials came with their wave of opportunities
[08:33] {Threei} then airlines
[08:33] {Threei} sonething will always be there
[08:33] {Threei} we haven't seen anything from nanos in a long while
[08:33] {Threei} or stem cells
[08:33] {Threei} or... or...
[08:33] {Threei} in 1999 maanias would come one after another
[08:34] {Threei} china... wireless... Pokemon
[08:35] {hawkfan4} i watch POT/MOS, POT ususally leads and i trade MOS, but it's super risky, moves fast. Worked great yesterday
[08:35] {Threei} there you go..
[08:35] {Threei} when you get the general idea, you'll always find opportunities
[08:50] {judijim} good morning
[08:50] {Threei} jj :)
[08:51] {Threei} ECB'S TRICHET: EUROZONE INFLATION IS EXPECTED TO REMAINS ABOVE TARGET FOR PROTRACTED PERIOD - Q&A SESSION
[08:51] {Threei} - Sees no contraints on credit and loan markets
[09:06] {fernp} Good morning
[09:06] {Threei} fern :)
[09:07] {dino} gm all
[09:07] {Threei} dino :)
[09:08] {cosmo} VRSN should hold 29
[09:08] {cosmo} imo
[09:09] {Threei} AIG is available for shorting
[09:09] {Threei} not rushing in... watching
[09:11] {tomg} good morning
[09:11] {Threei} tom :)
[09:13] {pita} good morning
[09:13] {Threei} pita :)
[09:20] {dptl} good morning all
[09:21] {Threei} dp :)
[09:22] {cosmo} VRSN testy
[09:22] {magoo} kjfdhlirslihjdsllkjsjfklkjkh
[09:23] {Threei} jkflsgitjk to you too
[09:25] {peterg} morning all
[09:26] {Threei} peter :)
[09:31] {Threei} want VRNM pullback
[09:31] {Threei} thing seems to be far from over
[09:32] {Threei} not sure about break of .75 here
[09:34] {Threei} AIG half lot long .26
[09:34] {Threei} if stays about .10
[09:35] {Threei} invalidated, let it drop more
[09:35] {Threei} or establish new range
[09:37] {Threei} not ready yet IMO
[09:37] {Threei} needs one more sharp spike down
[09:44] {Threei} EVVV
[09:44] {Threei} .95 long
[09:44] {Threei} if stays above .85
[09:44] {dino} ctrn
[09:44] {Threei} low volume, half lot probably
[09:48] {dino} mflx sm l .85
[09:49] {peterg} ha-took my dime from AIG
[09:49] {Threei} gj
[09:50] {Threei} it did give a few opportunities, it's just that they all were too fast to call
[09:50] {Threei} if you watched and were ready, they were exploitable
[09:50] {peterg} right
[09:51] {esemde} morning
[09:51] {peterg} still slow but impossible to do on previous platform thks
[09:51] {Threei} 9.80 break for UAUA, if USO drops
[09:51] {Threei} ese :)
[09:53] {Roman} 21 keeping an eye on DSTI
[09:53] {Roman} 21 small solar reported
[09:57] {peterg} aig down down down
[09:57] {Roman} 21 TXCO Resources reports strong Pearsall well flows (9.01 -0.08)
[09:58] {peterg} poor hank
[09:58] {dino} aig sm l .35, stop .99
[09:59] {Threei} USO loss of .70 - .75 should send it down
[10:00] {Threei} JUNE PENDING HOME SALES: 5.3% V -1.0%E
[10:00] {Threei} wow
[10:00] {Threei} how do they come up with those estimates, so much off target
[10:01] {Roman} 21 home builders?
[10:01] {Roman} 21 LEN
[10:01] {Roman} 21 TOL
[10:02] {Threei} USO drop
[10:02] {Threei} here goes UAUA, right on cue
[10:02] {magoo} in .81
[10:03] {peterg} go go go --gotta go day job back in hr
[10:04] {Threei} stop .65
[10:04] {Threei} die USO
[10:04] {dino} vrsn sm l .16, stop .78
[10:04] {Roman} 21 grabbed some LEN
[10:05] {Roman} 21 .65
[10:05] {Threei} wow, nice LEN
[10:06] {Roman} 21 WM working it
[10:06] {Roman} 21 ABK vad?
[10:07] {Threei} just moves with the market
[10:07] {Threei} lost its own momo
[10:08] {Threei} now loss of .50 by USO should help complete UAUA trade
[10:09] {Threei} just don't form double bottom please
[10:09] {Threei} form inverted C&H please
[10:09] {Threei} and die please
[10:09] {Threei} three please - is it enough?
[10:10] {Roman} 21 Vad, what's you target on UAUA
[10:10] {Threei} totally USO dependent
[10:10] {Roman} 21 TXCO sqeazing
[10:10] {Threei} this thing doesn't move according to its own technicals
[10:11] {Roman} 21 let me ask then magoo, where is he "WAITING"?
[10:11] {Threei} USO strengthens
[10:11] {Threei} not good
[10:11] {magoo} out .77
[10:11] {magoo} - .04
[10:11] {dino} out aig .80, +.45
[10:15] {dino} rail l sm .9- stop .47
[10:20] {Threei} OK UAUA
[10:20] {Threei} come to daddy
[10:22] {Threei} ah come on, just a few cents till 1:1, don't quit on me now
[10:25] {dino} btw...j......e.....t.....s
[10:34] {dptl} took +6c uaua ty....starting to hate this stock
[10:34] {Threei} lol
[10:35] {dptl} :)
[10:36] {dptl} hard to find plays today...was yestarday the same?
[10:36] {esemde} dp.....
[10:36] {Threei} yesterday was much better
[10:37] {dino} yesterday fun, today tougher imo
[10:37] {dptl} of course...:)
[10:37] {dptl} ese:)
[10:37] {dino} of course, i'm an idiot, 3 scalps i had and let go on greed
[10:39] {Roman} 21 FXEN
[10:39] {Roman} 21 long small of 7.5
[10:39] {Roman} 21 stop under 7.30
[10:40] {Roman} 21 PTEN
[10:40] {Roman} 21 long 26.50
[10:40] {dino} vrsn stopped -.35
[10:41] {dino} that was one of them
[10:43] {dino} out mflx .16, +.31
[10:44] {dino} rinsed mflx
[10:44] {dino} grrrrrrrrrrrrrrrrrrrr
[10:45] {dino} opps, watching wrong stock
[10:47] {esemde} been watching AIG dino....excellent scalp on the run up to 24.80.....i'm amazed at how you play this type of capitulation
[10:47] {dino} rail mstop to .91
[10:48] {Threei} those trades are dino
[10:48] {Threei} s domain
[10:48] {esemde} indeed!!
[10:48] {dino} lol es, not much to it. gut reaction
[10:48] {dino} waiting at 23.35 now
[10:49] {dino} vrsn might be worth another try on fast drop into say .18ish
[10:50] {Threei} .86 starts looking like short trigger for AIG if stays under 24
[10:50] {dino} v thoughts?
[10:50] {Threei} V seems to reversing to upside to me
[10:51] {dino} same thinking
[10:51] {Threei} desirably holding above .20
[10:51] {dino} missed
[10:51] {Threei} here comes break
[10:51] {Threei} should give one more pullback
[10:51] {Threei} for entry
[10:52] {dino} try off .30 w/stop .99
[10:52] {dino} if it goes there
[10:53] {dino} rail to .99
[10:54] {Threei} here is pullback for scalp entry, V... with stop under .20
[10:54] {Threei} or for dino's setup
[10:56] {Threei} break of .50 will signal stop trailing to under .30 now
[10:57] {Threei} and actually give over 1:1
[10:57] {dino} no fill
[10:57] {Threei} took .34
[10:57] {magoo} i got .34
[10:58] {dino} gj
[10:58] {Threei} WB
[10:58] {Threei} S&P RAISES THE RESIDENTIAL SERVICER RANKING TO A 'STRONG' RATING
06[10:59] * Threei kicks V in the rear
[11:01] {Threei} half out .60
[11:01] {peterg} good kick what u looking for?
[11:01] {Threei} stop to .29
[11:01] {Threei} scalpers have almost 1:2
[11:02] {dino} sm l aig .10
[11:03] {dino} stop .83
[11:04] {dino} ok got v
[11:04] {Threei} OK OK V, I got it... "scalps r us"
[11:05] {Threei} NOAA SEES AN 85% POSSIBILITY FOR AN ABOVE AVERAGE HURRICANE SEASON, INCREASES FORECAST FOR TROPICAL STORMS AND HURRICANES
[11:05] {Threei} - now forecasts 7-10 hurricanes (up from 6-9 prior forecast), and 14-18 tropical storms (up from 12-16 prior forecast){USO}
[11:08] {pita} gotta go - good luck everyone
[11:08] {dino} cya
[11:08] {Threei} take care pita
[11:09] {esemde} see ya pita
[11:10] {esemde} OK dino....so Aig has seemed to have leveled off....do you consider playing it again for a bounce up or is this type of play a one deal for you
[11:11] {dino} see above, in at .10
[11:11] {dino} you see what i see, it seems
[11:13] {dino} v sm pcln l .00
[11:14] {dino} sm vrsn l .30, stop .94
[11:14] {dino} pcln is wide
[11:17] {dino} rail stopped +.20
[11:20] {Threei} VRNM bounce time
[11:20] {Threei} just a scalp most liekly
[11:24] {Threei} C is getting creamed
[11:25] {Threei} dragging other financials
[11:25] {Threei} Y AG SETTLEMENT DETAILS: CITIGROUP TO BUY BACK MORE THAN $7B IN AUCTION RATE SECURITIES (ARS) AT PAR BY NOV 5
[11:25] {Threei} - Citi will reimburse investors who sold ARS at a discount after the market failed, to reimburse over 40K customers nationwide
[11:25] {Threei} - SEC: Citigroup to liquidate $12B in ARS from institutions by end of 2009, to liquidate $7B in ARS bought by investors at par in no later than 3 months. Citi to buy back ARS at par from all individuals and charities that bought from Citi before Feb 11, 2008.
[11:25] {Threei} COMMENTS ON NY ATTY GEN DECISION, NOTING THE CAPITAL IMPACT OF BRINGING ARS TO BALANCE SHEET WILL BE 'DE MINIMIS'
[11:25] {Threei} - Notes that the actual cost of acquisition of ARS will depend on market value and the quantity purchased
[11:25] {Threei} - Estimates the difference between the purchase price and the market value of the ARS is around $500M, pre-tax
[11:28] {Threei} Counterparty Risk Management Policy Group III released the report on causes of financial crisis
[11:28] {Threei} In a cover letter to Treasury Secretary Henry M. Paulson Jr., the group attributed some of the crisis to human psychology.
[11:28] {Threei} "The root cause of financial market excesses on both the upside and the downside of the cycle is collective human behavior -- unbridled optimism on the upside -- and fear -- bordering on panic -- on the downside," the letter said.
[11:28] {Threei} really?
[11:28] {Threei} wow
[11:29] {cosmo} as ye descend, so shall ye ascend
[11:29] {cosmo} cheer up
[11:30] {dptl} lol ....they finalyfigure that out
[11:30] {Threei} uhhu
[11:30] {Threei} I could tell them all about it long ago
[11:30] {dino} so basically, fear and greed
[11:30] {Threei} for a small administrative fee
[11:31] {Threei} would be much cheaper for them than bear with outcome now
[11:31] {dino} they just say it so much better
[11:31] {dptl} :)
[11:32] {Threei} sure... English is their first language
[11:32] {cosmo} but greed is only a function of fear ... i thot
[11:32] {Threei} but can they trout people?
[11:32] {Threei} oh wait
[11:32] {Threei} they can
[11:34] {judijim} Judi's off to work, not that trading isn't work but she's off for the day. Be back tomorrow
[11:34] {Threei} take care jj
[11:34] {Threei} and no, trading is not work
[11:35] {Threei} it's pure and unbridled fun
[11:37] {dino} the game the game, nothing quite the same, all that really matters is the game
[11:47] {Threei} watching AKM
[11:47] {Threei} AKAM
[11:47] {Threei} maybe time for little bounce scalp
[11:47] {Threei} .35 trigger, .29 stop
[11:49] {dino} out pcln .60
[11:49] {dino} +.60
[11:50] {Threei} wtg
[11:50] {peterg} wtg
[11:50] {lars} nj dino
[11:51] {Threei} 1/10 of that on AKAM {G}
[11:51] {dino} ty
[11:51] {dino} too soon it seems
[11:53] {dino} vrsn stopped again -.33, done w/it
06[11:55] * laserdave1 slaps Threei around a bit with a large trout
06[11:55] * laserdave1 slaps magoo around a bit with a large trout
[11:55] {laserdave1} one of the three stooges is not here
[11:55] {laserdave1} :(
[11:55] {laserdave1} o well i get two of you
[11:56] {dptl} lol Dave....nice strike
[11:56] {laserdave1} ah that is so nice of you to say
06[11:56] * laserdave1 slaps dptl around a bit with a large trout
[11:56] {dptl} lol
[11:56] {laserdave1} :)
[11:56] {dino} hayn
[11:59] {dino} v stopped -.33
[12:00] {Threei} was it pre-emptive strike?
06[12:16] * Chaeron slaps laserdave1 around a bit with a large trout
[12:17] {Chaeron} hi all
[12:17] {dino} pcln sm l .00
[12:20] {Threei} chaeron :)
[12:28] {dino} mflx l .99
[12:42] {hawkfan4} oil dropping, in UAUA
[12:48] {Threei} USO red
[12:48] {Threei} good
[12:48] {hawkfan4} very
[12:59] {dino} v sm cme l .32
[13:04] {dino} out mflx .07 +.08]
[13:06] {dino} sm s hayn .95
[13:18] {esemde} ladies and germs.....see you all later or possibly to morrow...have some errands to run
[13:18] {Threei} take care ese
[13:18] {esemde} see ya vad
[13:22] {Chaeron} .
[13:24] {Threei} hmmm
[13:25] {Threei} Chrysler/Nissan partnership?
[13:25] {Threei} ?me is thinking of changing the carmaker
[13:36] {dino} out cme 336.52, +1.20
[13:37] {dino} out aig .50, +.40
[13:38] {hawkfan4} nice job
[13:38] {dino} ty
[13:54] {peterg} See y'all Tuesday, off to swelter in Miami Beach! Have nice trip Vad
[13:55] {Threei} thank you peter
[13:55] {Threei} have fun
[13:55] {dino} take care pete
[13:56] {peterg} thks--might be able to tune in Fri late; make a cupla cents
[13:56] {peterg} or lose, as the case may be :) :(
[13:57] {peterg} anybody have experience w Parallels on mac simulating windows?
[13:57] {peterg} cant get laser to connect.
[13:57] {peterg} on that system
[13:58] {Threei} I will be amazed if Laser is the only thing not working
[13:58] {peterg} creaky Fidelity system works
[13:58] {Threei} none of trading applications is designed with mac in mind
[13:58] {Threei} that's not application really
[13:58] {Threei} that's browser-based
[13:58] {peterg} right--Parallels installs virtual windows system inside mac
[13:59] {peterg} so windows programs work
[13:59] {Threei} insert "some"... :)
[13:59] {peterg} I bought and installed windows XP in the mac
[13:59] {peterg} some
[13:59] {peterg} hug
[13:59] {peterg} huh
[13:59] {peterg} gotcha
[13:59] {peterg} so long
[14:02] {dino} kalu bloody
[14:06] {Threei} FNM looks to lose 10
[14:23] {dino} sohu
[14:27] {dino} hayn stopped ave -.35
[14:28] {dino} sohu sm l .90
[14:37] {dino} tbsi
[14:38] {Threei} USO looks to drop from here
[14:39] {Threei} loss of .50 is first signal and .40 is confirmation
[14:40] {dino} sohu stop to b/e
[14:42] {dino} out sohu .06 +.16
[14:45] {Threei} REVIEW: JUNE CONSUMER CREDIT DUE OUT AT 3PMET
[14:45] {Threei} **consensus expectation: $6.3Be v $7.8B prior
[15:00] {Threei} JUNE CONSUMER CREDIT: $14.3 V $6.3BE
[15:00] {Threei} huh?
[15:02] {dino} increased
[15:02] {Threei} 14 vs 6 estimate?
[15:02] {Threei} who the hecl does those estimates?
[15:04] {dino} magoo's responsible for them
[15:07] {Threei} tell his to sober up before writing report
[15:07] {Threei} his = him
[15:08] {Threei} I mean come on... if you lower estimate by 1 billion with each shot of vodka...
[15:08] {Threei} we can only hope that you can't handle 14 shots in a row
[15:10] {dino} aig sm l .85, stop .47
[15:10] {dino} sohu l sm .80, stop .46
[15:14] {dino} don't underestimate him
[15:14] {Threei} then we are in troubles
[15:14] {lars} 15 shots in a row tops
[15:21] {dino} v sm cme l .01
[15:26] {dino} out cme 2.21, +1.20
[15:26] {dino} too soon
[15:27] {dino} or not
[15:27] {dino} sohu stop to .99
[15:27] {dino} out +.19
[15:28] {lars} need to kick aig dino
[15:28] {dino} i have been, foot hurts
[15:28] {dptl} have a good evening all see ya tomorrow:)
[15:28] {dino} tighten stop to .78
[15:28] {lars} lol... let me help you
[15:29] {dino} l8r dp
[15:29] {Threei} take care dp
[15:31] {dino} aig stopped -.07
[15:39] {dino} sm sohu l .60
[15:40] {dino} eurx
[15:48] {fernp} I can not be here tomorrow, so Vad, have a nice and relaxing cruise
[15:48] {Threei} thank you fern
[15:48] {Threei} I am sujre I will
[15:48] {Threei} and will return rested, re-energized
[15:48] {Threei} re-juvenated
[15:48] {Threei} re- soemthing else
[15:48] {fernp} lol
[15:48] {Threei} :)
[15:49] {Threei} oh, re-inflated... they say food is good and plentiful :)
[15:53] {dino} you leaving tomorrow vad?
[15:54] {dino} you will gain 12 lbs.
[15:54] {Threei} saturday
[15:54] {Threei} 12?
[15:54] {Threei} wow
[15:54] {dino} ok. i lreave the 15th
[15:55] {Threei} I won't see you then before your return
[15:56] {dino} i'll be back to work on the 21st
[15:57] {dino} out sohu .99, +.39
[15:58] {Threei} Thank you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {lars} cya vad
[15:59] {hawkfan4} u 2
[16:00] {dino} out pcln flat hours

Aug 06 2008

Session Time: Wed Aug 06 00:00:01 2008
[08:19] {Threei} [FRE] Freddie Mac Reports Q2 -$1.63 v -$0.53e, R $1.69B v $2.18Be, Provision for credit losses $2.5B; cuts dividend to $0.05 from $0.25 prior
[08:19] {Threei} - Says securities impairment $1.0B
[08:19] {Threei} - Estimated regulatory core capital was $37.1B at June 30, 2008, which represented an estimated $8.4B in excess of the company's statutory minimum capital requirement, and an estimated $2.7B in excess of the 20 percent mandatory target capital surplus directed by the Office of Federal Housing Enterprise Oversight (OFHEO).
[08:19] {Threei} - The company believes that it is adequately reserved for incurred losses. As of June 30, 2008, the reserve covers approximately 2.7 times of annualized second quarter 2008 contractual net charge-offs.
[08:19] {Threei} - Sees provisions for credit losses remaining high and charge-offs continuing to increase in the remainder of 2008.
[08:42] {hawkfan4} good morning
[08:44] {Threei} Good morning
[08:44] {hawkfan4} hi vad :)
[08:45] {Threei} sooo... FRE/FNM get killed and recover and go green :)
[08:45] {Threei} that's how it happened every time in the past
[08:45] {Threei} does it hold or this time they are finished for a long while
[08:46] {hawkfan4} been trading FRE, had a couple nice shorts, now long .49, stop .34
[08:46] {peterg} hi guys
[08:46] {Threei} peter :)
[08:46] {hawkfan4} morning
[08:47] {Threei} it's an aggressive entry you took
[08:47] {Threei} per chart, .61 would be long trigger
[08:47] {hawkfan4} yes, and so far it's not working. thought .50 break might get it going
[08:48] {Threei} ABK
[08:48] {Threei} CEO: COMPANY COULD ESTABLISH A NEW MUNICIPAL INSURER BY Q4 - CONF CALL
[08:48] {Threei} it will or it will not
[08:48] {Threei} you know very well... there is nothing inherently wrong with aggressive entries
[08:49] {Threei} and fatalistic approach is the best after the entry's taken
[08:49] {Threei} held this round of selling well
[08:50] {hawkfan4} for me, the closer to the stop, the better. that way i can be wrong more and still be ok. I have a hard time waiting for breaks
[08:50] {Threei} yup
[08:50] {Threei} setup is the function of the market; the way you play it is the function of your personality
[08:50] {Threei} there... "Vadism of the day"
[08:51] {hawkfan4} i like it :)
[08:52] {Threei} from one of Expos when I was participating in those enormous gatherings... during book signing, I complained quietly that I am running out of ideas what to write and not delighted by standard repeating signature
[08:53] {Threei} someone said "ah, just compe up with new vadism for every book"
[08:53] {hawkfan4} that's a tall order
[08:53] {Threei} no kidding.. easy to do 3 times
[08:53] {Threei} not 30
[08:55] {Threei} so far so good FRE
[08:55] {Threei} break of .60 should make or break this trade
[08:56] {hawkfan4} nice, now to sell 8? ;=)
[08:57] {Threei} 08/05/08 04:30pm [MFLX] Reports Q4 $0.34 v $0.36e, R $167.6M v $165.3Memore.. - Gross Margins 13.8% v 4.6% y/y
[08:58] {Threei} my scalping soul would have seeked relief into spike on .65 break
[08:59] {Threei} my greedy soul would wait for closer 7
[08:59] {Threei} but my greedy soul gets creamed more often than it gets rewarded
[08:59] {Threei} so do your own soul-searching :)
[09:00] {hawkfan4} mine too, i've been trying to get more scalpy, like yesterday with UAUA, i really should've sold it on the first trip to 10, then i could have bought it back lower and had another trade
[09:01] {Threei} that's the whole idea of short term trading... catch your waves and skip unfavorable ones
[09:01] {Threei} so on the $1 move made twice by stock you get $2 profit :)
[09:02] {hawkfan4} yep, i have a tendency to get hung up on bigger targets. 1/3 out FRE .67
[09:02] {Threei} if need some compromise between holding and taking profit, with right entries and tight stops double lot can do wonders
[09:03] {Threei} one for longer hold, one for normal day trading
[09:03] {Threei} trade around with one, try to hit it big with another, keep orioginal stop for this "holding lot"
[09:04] {Threei} this break of .80 is where my daytrading sould would have found calm and quiet
[09:04] {hawkfan4} i do that all the time. had 3 for UAUA yesterday cuz i added just above my stop
[09:04] {Threei} :)
[09:05] {hawkfan4} of course then i decided to wrestle with MOS a few times and got creamed.
[09:09] {hawkfan4} out 1/3 more at .70, trailing the .68 bid
[09:09] {lars} morning all
[09:09] {Threei} lars :)
[09:13] {dino} gm all, had some fun w/pcln afterhours
[09:13] {Threei} dino :)
[09:14] {hawkfan4} out FRE .66
[09:15] {hawkfan4} wow, i hadn't even looked at PCLN. Crushed
[09:18] {dino} yeah, picked up 900 on 3 trades between 4:15 and 5:30
[09:18] {dino} magoo too
[09:18] {dino} original entry was 94
[09:19] {magoo} morn..hung over here
[09:19] {hawkfan4} sweet, nice job
[09:19] {Threei} magoo :)
[09:19] {dino} fwiw, your scalping talk above, me too guys
[09:19] {pita} morning all
[09:19] {Threei} pita :)
[09:24] {dino} watching wfmi, mflx, pcln
[09:31] {fernp} Goo morning
[09:31] {Threei} fern :)
[09:32] {judijim} good morning everyone
[09:32] {Threei} jj :)
[09:33] {Threei} ABK, 5 break if stays above 4.90
[09:33] {Threei} if loses it want it closer to 4.70
[09:34] {magoo} in
[09:34] {Threei} 1:1 easy
[09:35] {Threei} 1:2
[09:35] {magoo} out .27 TY
[09:35] {Threei} 1:3, I am out
[09:35] {Threei} welcome
[09:35] {Threei} easy money
[09:35] {lars} out .28 nice start :)
[09:35] {Threei} :)
[09:36] {dino} gj
[09:36] {Threei} ty
[09:38] {Threei} pullback closer to 5 deserves attention
[09:38] {Threei} market selling pressure, should help it get there
[09:39] {Threei} here we go, wastch for market turn and grab it
[09:39] {Threei} same setup
[09:39] {Threei} in
[09:39] {Threei} same stop too
[09:40] {Threei} 1:1
[09:40] {Threei} deja vu
[09:40] {Threei} lol
[09:40] {Threei} more conservative on target this time though
[09:40] {Threei} out half
[09:41] {Threei} 4.95 stop
[09:41] {dino} sm risky, mflx l .00
[09:41] {Threei} US STATE DEPT: MAJOR POWERS CONCUR IN CONFERENCE CALL THAT THERE IS NO CHOICE BUT TO PURSUE ADDITIONAL SANCTIONS AGAINST IRAN GIVEN RESPONSE DESCRIBED AS 'STALLING'
[09:41] {Threei} {USO}
[09:42] {Threei} 1:2
[09:42] {Threei} deja vu, I am telling
[09:42] {Threei} you
[09:42] {Threei} out in full
06[09:42] * magoo slaps Threei around a bit with a large trout
[09:42] {Threei} what did I do?
[09:43] {lars} nice call again :)
[09:43] {magoo} u were too good:)
[09:43] {Threei} ty... I can imagine what magoo is going to do to me when I call a stop
[09:44] {Threei} FRE
[09:44] {Threei} MOODYS SAYS SENIOR AAA RATING IS NOT UNDER REVIEW; FRE PFD STOCK RATING IS STILL UNDER REVIEW AND MAY BE CUT
[09:44] {dino} winn
[09:44] {esemde} morning all
[09:44] {dino} bad prints
[09:44] {Threei} ese :)
[09:44] {Threei} not taking 5 this time so confidently if it gets there again
[09:45] {Threei} this time I'd like different type of entry
[09:45] {Threei} consolidation closer to day high and break
[09:46] {Threei} if it can do it and nothing bad happens news/oil wise, 6 is a reasonable target
[09:46] {Threei} with a lot of breathing on the way of course
[09:47] {Threei} if however loses 5, will have to re-evaluate
[09:49] {dino} wfmi sm l .50 stop lod
[09:52] {magoo} ;l aapl .12
[09:52] {pita} any read pcln?
[09:54] {dino} feels lower
[09:54] {dino} lets see if lod holds
[09:54] {Threei} to me too, I would be more comfortable looking for entry around 98 or under
[09:54] {Threei} but its volatility makes any read quite fuzzy
[09:55] {magoo} hit 94 last nite
[09:55] {dino} was thinking 95
[09:55] {dino} strike
[09:55] {dino} report actually was good
[09:59] {magoo} waiting .87
[10:00] {dino} waiting at 96.70
[10:00] {dino} mflx stopped -.31
[10:01] {lars} wfmi nice
[10:01] {dino} out wfmi .90, +.40
[10:01] {dino} ty
[10:02] {lars} :)
[10:03] {magoo} missed aapl exit greed
[10:03] {magoo} .65 easy
[10:03] {Roman} 21 where is the stop now?
[10:03] {dino} mflx rinse-r-roni
[10:03] {Roman} 21 I am in wit wit u
[10:03] {magoo} 158 .90
[10:04] {magoo} we hasd 50 cents
[10:04] {magoo} get out it could crash
[10:05] {dino} ugh, .71 hits not my .70
[10:05] {dino} ok sm .72 pcln
[10:07] {magoo} back in .23
[10:09] {Threei} RUSSIAN ENVOY HAS REPORTEDLY SAID MOSCOW NEVER SET A DEADLINE FOR A RESPONSE FROM IRAN TO THE RECENT OFFER IN NUKE TALKS - UNCONFIRMED REPORT
[10:10] {dino} thats because thery haven't been paid yet
[10:10] {dino} out pcln 98.22, +1.50
[10:10] {Threei} wtg
[10:11] {dino} ty, lucky entry
[10:11] {Threei} FRE 7.05 long if holding above 6.90
[10:11] {dino} all that cle\an living ya know
[10:14] {esemde} VRNM....anybody know anything about this one?
[10:14] {esemde} up51%
[10:14] {Threei} FRE
[10:14] {Threei} CEO SAYS HALF-WAY THROUGH PEAK TO TROUGH, PLANNING FOR MORE STRESS SCENARIOS - CONF CALL
[10:14] {Threei} ABK
[10:14] {Threei} MGMT: NO CURRENTLY DESPERATE TO CONDUCT THE TERMINATIONS OF CDOS - CONF CALL
[10:15] {Threei} 00:02am [VRNM] Signs partnership with BP to accelerate the commercialization of cellulosic ethanol
[10:15] {magoo} l rimm .90
[10:15] {Threei} 08:18am [VRNM] Jefferies Raised VRNM to Buy from Hold, price target: $5
[10:15] {magoo} small shares 200 bux max stop
[10:16] {Threei} looks interesting ese
[10:16] {esemde} does indeed
[10:18] {esemde} don't penny stocks ....does there look like much potential Vad?
[10:18] {esemde} bstop at .10
[10:18] {esemde} how far will it move ?
[10:18] {Threei} pretty much depends on whether it gets attention which is always a coin toss
[10:18] {pita} ABK?
[10:19] {esemde} that "don't Play penny Stocks"
[10:19] {Threei} if does, it can easily turn into a serious runner
[10:19] {dino} sm l cedc .00
[10:19] {magoo} wait aaspl .12
[10:19] {esemde} think I will keep this on the Radar
[10:19] {Threei} no clear read on ABK here
[10:20] {magoo} out + something big
[10:20] {Threei} wtg
[10:21] {magoo} [10:07] {magoo} back in .23
[10:21] {dino} gj
[10:21] {magoo} i say it almost everyday...i trading 300-500 shares and max loss bux
[10:22] {magoo} enough room to avoid rinse...but if goes bad get out .....we can "catch next wave...vadism"
[10:23] {dino} ditto
[10:23] {Threei} VRNM
[10:23] {Threei} almost there
[10:23] {Threei} there without almost now
[10:23] {magoo} max loss 200 bux ..missed the number there..sigh
[10:24] {magoo} still in rimm call
[10:24] {magoo} got .40=
[10:25] {magoo} waiting .56
[10:25] {Threei} FRE no worky
[10:26] {Threei} VRNM starting to look serious
[10:27] {magoo} out rimm here
[10:27] {esemde} indeed
[10:27] {Threei} I think ese got a runner spotted
[10:27] {magoo} [10:15] {magoo} l rimm .90
[10:27] {esemde} how would you buy it ...in size 2 lots...3 lots??
[10:29] {Threei} pretty much personal management... for me, 1 lot on original breakout with possible adding on the next one if looks accumulated
[10:29] {Threei} oil inventories soon
[10:29] {dino} cedc out .40, +.40
[10:29] {dino} pcln going to test lod
[10:32] {Threei} API INVENTORY REPORT: CRUDE: -2.55M, DISTILLATE +3.1M, GASOLINE: -1.8M
[10:32] {Threei} - note: released 5 mins early, ahead of the DOE data{USO}
[10:35] {Threei} *DOE CRUDE: +1.6M V -100KE;
[10:35] {Threei} GASOLINE: -4.3M V -1.4ME; DISTILLATES: +2.8M V +2ME;
[10:35] {Threei} what was that all about?
[10:36] {Roman} 21 UAUA?
[10:36] {Roman} 21 vad
[10:36] {Threei} not here
[10:36] {Threei} had to react quickly around .50 when oil started tanking
[10:37] {Threei} I didn't even bother to type, happened too fast
[10:37] {Threei} VNRM
[10:37] {Threei} UPDATE: BROADPOINT CAPITAL RAISED VRNM TO BUY FROM NEUTRAL
[10:37] {Threei} - likely pre-open
[10:37] {Threei} VRNM, sorry
[10:38] {Threei} IRAN NOTES THAT THE OIL MARKET IS CURRENTLY SATURATED, BUT FORECASTS WINTER DEMAND TO DRAW DOWN SURPLUS IN Q2
[10:38] {Threei} {USO}
[10:45] {esemde} long GLBL
[10:46] {esemde} .78
[10:47] {peterg} .80
[10:48] {esemde} stop .70 full lot
[10:53] {esemde} good...shallow pullback...now up to 9.00......ya^%$##%
[10:55] {esemde} opps...please excuse the language...\
[11:00] {dino} .last try mflx sm l .00, stop .64
[11:01] {peterg} out GLBL even to remove jinx for ese
[11:02] {esemde} see ya peter......good luck with it ...i may be outta here also
[11:02] {esemde} go dino go!!!
[11:03] {esemde} hmmm read that wrong...thought jinx was stock symbol...
[11:06] {dino} lol
[11:06] {Threei} hehe
[11:06] {dino} tick tock,,, times' wasting, tee off in 1 hour
[11:06] {dino} c'mon mflx
[11:07] {esemde} someone givre me a quote on GLBL...my quotes have stopped
[11:07] {Threei} 8.80
[11:07] {esemde} tks
[11:07] {esemde} whats goin on??
[11:07] {dino} ?
[11:07] {esemde} no quotes from Questrade....
[11:08] {lars} Cisco's chambers sure knocked down emc
[11:08] {fernp} nor quotes from realtick
[11:08] {dino} what do you need?
[11:09] {fernp} esignal working. Thakns dino
[11:09] {dino} np
[11:10] {esemde} GLBL?
[11:10] {Threei} 8.78 x .79
[11:10] {esemde} tks...
[11:13] {Threei} USO new low
[11:14] {Threei} 95.50 -95.40 area if broken, should launch panic selling USO
[11:14] {Threei} and send UAUA back t0 10 at least
[11:15] {esemde} GLBL...i'm still down
[11:15] {pita} later all, day job calls again.......
[11:15] {Threei} take care pita
[11:15] {dino} later
[11:15] {Threei} ese, .79 x.80
[11:15] {esemde} pita
[11:15] {esemde} tks
[11:16] {esemde} gonna restart computor
[11:17] {dino} you need to feed the hampsters
[11:17] {Threei} USO testing time and again
[11:17] {lars} you long rimm magoo?
[11:18] {dino} he's sidtracked
[11:18] {dino} dk
[11:19] {lars} up 2 bucks in 10 min and still going
[11:19] {dino} nice, you get it?
[11:20] {lars} since 122.3
[11:20] {Threei} wow
[11:20] {Threei} wtg
[11:20] {hawkfan4} nice
[11:20] {lars} very small shares though... still learning here
[11:21] {dino} gj
[11:21] {Threei} come on USO
[11:21] {Threei} die
[11:21] {Threei} under .40 now
[11:24] {esemde} am back and out of GLBL .80 +.02
[11:25] {Threei} UAUA like clockwork
[11:25] {esemde} must be the salt water......too many weird things happening with the net over here ...
[11:25] {Threei} 10 on the table
[11:25] {Threei} thank you USO
[11:26] {Threei} anyone played UAUA off this?
[11:26] {hawkfan4} you bet
[11:27] {Threei} :)
[11:27] {Threei} under 95 now
[11:27] {Threei} [11:14] {Threei} 95.50 -95.40 area if broken, should launch panic selling USO
[11:28] {Threei} if that's not a thing of beauty
[11:28] {hawkfan4} amazing, truly, nice call
[11:28] {Threei} and look how well this found correlation with UAUA contnues making us money day after day
[11:28] {Threei} until one day it stops
[11:29] {Threei} but ehnjoy the ride while it's there
[11:29] {lars} out half uaua .36
[11:30] {Threei} bounce time USO
[11:30] {Threei} (unfortunately)
[11:30] {lars} out all uaua
[11:30] {Threei} from?
[11:31] {lars} 10 t0 .41
[11:31] {hawkfan4} me too, .85 avg, big
[11:31] {dino} pcln l sm .50
[11:31] {Threei} that does it
06[11:31] * Threei slaps hawkfan4 around a bit with a large trout
[11:31] {lars} thx vad for the alert!
06[11:31] * Threei slaps lars around a bit with a large trout
[11:31] {lars} lol
[11:31] {Threei} oh, and you are welcome
[11:31] {hawkfan4} :)
[11:34] {dino} mflx stop to b/e
[11:34] {Threei} making good calls opens an opportunity to slap people, I doscovered... bodes so well to my violent nature
[11:35] {Threei} I mean kicking stocks is nice
[11:35] {Threei} but it's still not the same
[11:35] {dino} out mflx reverse slip .07, +.07
[11:37] {lars} I hope you slap me around a lot then!
[11:38] {Threei} UAUA goes up without oil help now
[11:44] {magoo} amazing how it never fails
[11:44] {magoo} i sit and push harder trades in m morn
[11:44] {magoo} then someone comes in office and easy EASY rimm aapl monster moves which i miss
[11:45] {Threei} DAL REPORTEDLY RECEIVES EU APPROVAL TO ACQUIRE NWA
[11:45] {Threei} {DAL}
[11:51] {dino} ok, gotta hop, take care all
[11:52] {fernp} bye dino
[11:52] {hawkfan4} cya dino
[11:53] {dino} :)
[11:54] {lars} cya dino
[11:54] {Threei} take care dino
[11:55] {dino} will do
[11:56] {lars} out half glbl ese... hope it runs some more:)
[11:57] {dino} ok, seriously have to go, cut pcln .24 -.26, badddddd entry
[12:19] {Threei} guys, article well worth 5 minutes of your time
[12:19] {Threei} http://www.economist.com/science/displaystory.cfm?story_id=11579107
[12:21] {Threei} USO reversal back down is likely here
[12:22] {Threei} UAUA like clockwork
[12:24] {Threei} USO right on cue... who can I slap for this call?
[12:25] {hawkfan4} in .41
[12:25] {Threei} fess up, who benefitted?
[12:25] {Threei} ahha
06[12:25] * Threei slaps hawkfan4 around a bit with a large trout
[12:25] {hawkfan4} :)
[12:25] {peterg} so, the endowment effect causes us to value what we possess. out postions more than we would otherwise.
[12:25] {Threei} IMO, scalping time
[12:26] {Threei} exactly peter, which explains emotional attachment to stocks we have p;osition in
[12:26] {peterg} brief summary of very good article
[12:26] {Threei} distorting the read
[12:26] {peterg} exactly
[12:26] {Threei} go to any message board devoted to specific stocks, you'll see fanboys
[12:27] {Threei} people that manage to cheer bad news, badder news and baddest news
[12:27] {Threei} I actually witnessed once a group of fans cheering company announcement of volutary delisting!
[12:27] {hawkfan4} out .56. good idea on scalping time
[12:28] {Threei} believe it or not, it actually happened
[12:28] {peterg} our hero Jesse Livermore, always made mistakes when he listened to fanboys and bought the package.
[12:32] {Threei} noticed?
[12:32] {Threei} professional traders can, and do, overcome the effect
[12:33] {Threei} good exit hawk
[12:33] {Threei} who needs to see whole profit evaporating
[12:34] {hawkfan4} absolutely, something i'm working on with all my trades.
[12:48] {Threei} ABK approaches high
[12:57] {Threei} is it time VRNM?
[13:00] {Threei} out first lot .28
[13:03] {hawkfan4} where u in from vad?
[13:03] {Threei} 3.10, 3.01 and 3.20
[13:03] {hawkfan4} ok, thanks. .05 here
[13:13] {hawkfan4} 1/2 out .34
[13:13] {Threei} OK, I am getting tired of slapping hawk... anyone else makes profits???
[13:14] {Threei} great... now no one will confess
06[13:15] * Threei slaps laserdave1 around a bit with a large trout
[13:15] {patience} vad, my optimum trading conditions don't exist right now. cash is in the account. won't be long before it is back to volatile times.
[13:16] {Threei} I guess
[13:16] {Threei} but I wouldn't have slapped you anyway
06[13:16] * Chaeron slaps laserdave1 around a bit with a large trout
06[13:16] * magoo slaps laserdave1 around a bit with a large trout
06[13:16] * magoo slaps patience around a bit with a large trout
[13:19] {patience} hardest part of trading for me is not entering a trade out of boredom
[13:19] {Threei} that's because you are fighting sleep
[13:20] {Threei} I am not, I let myself fall asleep freely, and it makes irt easy not to enter anything
[13:20] {hawkfan4} lol, i need to try that
[13:21] {Threei} it aslso adds some vaguenes to my comments (it's hard to be crystal clear when you type in your sleep),
[13:22] {Threei} and such vagueness works to reinforce guru status
[13:22] {Threei} you know... lik Oracle who always gave quite confusing answers
[13:22] {Threei} and waas deeply respected for that
[13:23] {hawkfan4} :) that's where the vadisms come from eh?
[13:23] {Threei} no, those actually have different source
[13:23] {Threei} they are born when I really try to say somewthing meaningful,
[13:23] {Threei} however lack of proper Englush vocabulary makes my sentences very brif
[13:23] {Threei} thus very concise
[13:24] {Threei} so, it all comes from certain lackings
[13:24] {Threei} I just pretend it's all done intentionally
[13:25] {Threei} thus turning it to my advantage when pretend successfully
[13:25] {hawkfan4} lol
[13:26] {Threei} gosh.... all this stuff goes in room logs open forpublic
[13:55] {Threei} watching UAUA for bounce
[14:02] {magoo} u in yet?
[14:02] {Threei} and out
[14:02] {magoo} that does ittttttttttttttttttttttttttttttttttttttttttttttttt
[14:02] {lars} is it too late?
06[14:02] * magoo slaps Threei around a bit with a large trout
[14:02] {Threei} not even a trade... pure reflex
[14:03] {magoo} aapl nbounce here
[14:03] {magoo} l .12
[14:06] {magoo} out here .49
[14:06] {magoo} +.37???
[14:07] {lars} nice call magoo :)
[14:07] {Threei} :)
[14:07] {magoo} just lucky
[14:08] {magoo} i had rough day...up 250....down 1100...up 700 now
[14:09] {patience} holy doodles magoo....you need a trip to the beer fridge
[14:11] {lars} glad i didnt chase uaua
[14:12] {Threei} scalping time, nothing is for chasing
[14:16] {magoo} i like aapl to go to day higfh
06[14:21] * magoo slaps Threei around a bit with a large trout
06[14:21] * magoo slaps Threei around a bit with a large trout
06[14:21] * magoo slaps Threei around a bit with a large trout
[14:21] {Threei} sigh
[14:21] {lars} i need to figure out how to slap somebody
[14:22] {magoo} oh..oops..i thought i read u said its slapping time..u said scalping
[14:22] {lars} lol
[14:22] {Threei} easy lars
[14:22] {lars} : )
[14:22] {Threei} point your cursor at magoo
[14:22] {fernp} lol
[14:22] {Threei} highlight magoo
[14:22] {Threei} right click
06[14:22] * lars slaps magoo around a bit with a large trout
[14:22] {Threei} (remaining on magoo)
[14:22] {Threei} there
[14:23] {Chaeron} by George, direct hit!
[14:23] {magoo} sigh
[14:23] {lars} that fealt pretty good lol
[14:23] {lars} or felt?
[14:23] {Threei} either will do
[14:24] {Threei} getting a taste of violence and bad typing?
[14:24] {Threei} you are a trader
[14:27] {lars} out aapl +.31
[14:27] {magoo} l rimm .71
[14:27] {magoo} just a slap...er um scalp
[14:27] {lars} nice call magoo
[14:28] {lars} have to head to san diego cya all later
[14:28] {Threei} take care lasr
[14:28] {magoo} bye lars
[14:29] {lars} other day job : )
[14:34] {magoo} ewaiting .94 rimm
[14:35] {hawkfan4} ABK new high
[14:35] {magoo} out aapl .58
[14:35] {magoo} 165 comith but it will breathe
06[14:36] * magoo slaps laserdave1 around a bit with a large trout
06[14:36] * magoo slaps laserdave1 around a bit with a large trout
06[14:36] * magoo slaps laserdave1 around a bit with a large trout
[14:38] {magoo} OUT .94 here
[14:50] {magoo} 14:36] {magoo} 165 comith but it will breathe
[14:50] {magoo} 14:16] {magoo} i like aapl to go to day higfh
[14:56] {magoo} vad, usual question here
[14:57] {Threei} down... but just a tad, no harsh selloff
[15:04] {hawkfan4} Vad, sorry, but you can't go on vacation. out 1/2 ABK +.68
[15:05] {Threei} OK
06[15:06] * Threei phones Royal Caribbean Line and cancels his cruise telling them hawkfan won't let him go
[15:06] {hawkfan4} thank you :)
[15:06] {Threei} oh sure
[15:08] {Threei} lord... was so busy with administrative stuff, didn't notice how my second lot of VRNM got taken out at .45
[15:09] {Threei} ese, making decent money on your own find?? :)
[15:38] {esemde} are you refering to VRNM? vad
[15:40] {esemde} didn't enter it....didn't know what to do...big lot small lot
[15:40] {esemde} ??
[15:41] {esemde} plus i'm not familiar with how peny stocks move
[15:41] {Threei} Ok
[15:41] {esemde} watched it though
[15:42] {peterg} VNRM not penny stock, 349 pennies. Still penny?
[15:42] {peterg} or puny?
[15:43] {peterg} May I have permission for whining? For a moment?
[15:43] {esemde} good question....i usually will not play anything under 5.00
[15:44] {esemde} certainly....whin away...
[15:44] {peterg} In my day job, demands are up at the moment in the morning
[15:44] {Threei} [09:46] {Threei} if it can do it and nothing bad happens news/oil wise, 6 is a reasonable target
[15:44] {Threei} [09:46] {Threei} with a lot of breathing on the way of course
[15:44] {Threei} that was ABK comment
[15:44] {peterg} when things are interesting.
[15:44] {peterg} SO hard to develop feel for stox & mkt.
[15:44] {peterg} There, done with whining
[15:45] {patience} it's august peter
[15:45] {hawkfan4} a beautiful call vad
[15:46] {peterg} august is the cruellest month
[15:46] {peterg} or was it april?
[15:46] {peterg} it was april
[15:46] {patience} august is head banging month due to boredom
[15:46] {Threei} yup
[15:47] {peterg} with me it is frustration ; i cant get to boredom
[15:47] {peterg} Grea month for sharpening skills and pencilt
[15:48] {patience} i can't complain peter. i made money toay....in my investment accounts, but no trading to suit my style
[15:48] {peterg} congratulations
[15:50] {peterg} Ready for poetry reading?
[15:50] {patience} is it vad's poetry?
[15:51] {peterg} Identify author:
[15:51] {peterg} It seemed that out of battle I escaped
[15:51] {peterg} down some profound dull tunnel
[15:52] {peterg} long since scooped through granites which titanic wars had groined.
[15:52] {peterg} openng line
[15:52] {peterg} for 25 points, who wrote this?
[15:52] {patience} just a sec...checking google
[15:52] {peterg} is that alloweed?
[15:53] {patience} you're making the rules up, you tell me
[15:53] {peterg} allowed
[15:53] {patience} http://www.englishverse.com/poems/strange_meeting
[15:54] {peterg} Yes!!!!
[15:54] {peterg} author?
[15:54] {patience} are you buying me a beer?
[15:54] {peterg} yes!!
[15:54] {patience} are you our trading poet laurette?
[15:54] {peterg} for today
[15:55] {hawkfan4} gotta run, thanks vad, all, super day
[15:55] {peterg} bye hawk
[15:56] {hawkfan4} :)
[15:56] {Threei} thank you all
[15:56] {Threei} have a great evening
[15:56] {Threei} see you tomorrow
[15:57] {magoo} u too..ty all
[15:57] {peterg} tomorrow! all
[16:00] {laserdave1} mags dcc if still here
[16:00] {magoo} ok..off the golf course for magoo too

Aug 05 2008

Session Time: Tue Aug 05 00:00:00 2008

[08:38] {hawkfan4} good morning
[08:39] {Threei} Good morning
[08:39] {cosmo} so far
[08:39] {Threei} thanks to oil
[08:39] {Threei} don't you love this free fall
[08:40] {Threei} may we see it continuing all the way back to, ummm
[08:40] {Threei} where would I be satisfied
[08:40] {cosmo} $15 here
[08:40] {hawkfan4} lol
[08:40] {Threei} I wouldn't mind :)
[08:40] {cosmo} solars should send it there
[08:41] {cosmo} it would still be competative as a lubricant, maybe
[08:43] {cosmo} COMS sees better times ahead...fwiw
[08:47] {Threei} ELN continues recovery
[08:50] {hawkfan4} that was a nice one yesterday
[08:51] {hawkfan4} ABK gapping
[08:54] {judijim} good morning
[08:55] {Threei} jj :)
[08:55] {tomg} good morning
[08:55] {Threei} tom :)
[09:03] {Threei} ·In energy news overnight an OPEC source said that OPEC is unlikely to change output quotas at the September meeting unless oil prices fall below $80/barrel.
[09:03] {Threei} hehe
[09:03] {Threei} are we starting projecting that far down?
[09:11] {dino} gm all
[09:13] {Threei} dino :)
[09:16] {dino} gm. vad when are you cruising?
[09:16] {dptl} good morning all
[09:17] {magoo} l.dfm.xfvm.x.kjdf,.xdn.,x
[09:17] {Threei} dp, magoo :)
[09:17] {Threei} next week dino
[09:18] {dino} ok
[09:19] {magoo} great, right after i convert my ome to wood pellots heating system..oil return s to $80 lol
[09:19] {Threei} I suspect you may have been the reason
[09:20] {Threei} killed the demand, you know...
[09:24] {Threei} ABK daily has no resistance up to 6
[09:24] {fernp} Good morning all
[09:25] {Threei} fern :)
[09:25] {Threei} so... considering that Fed holding steady today is almost a given, non-event?
[09:27] {Threei} also, look at UAUA daily
[09:27] {Threei} break of 10 looks like total springboard
[09:27] {Threei} dependency on oil makes it harder read but still
[09:28] {pita} gm all
[09:28] {Threei} pita :)
[09:28] {peterg} hello
[09:29] {Threei} peter :)
[09:30] {lars} morning all
[09:30] {Threei} lars :)
[09:31] {Threei} ABK formed 4.50 - 4.65 range
[09:31] {Threei} yesterday's scenario though was to invalidate break, then bottom out and go over range high
[09:32] {Threei} UAUA 9.50 break long (with oil directional support of course)
[09:34] {Threei} in UAUA aggressively
[09:34] {Threei} stop under .30
[09:34] {Threei} pulled back into .35 support, market moved up and oil down at the moment
[09:34] {Threei} so grabbed .37
[09:35] {hawkfan4} got .38
[09:35] {Threei} need break of .50 for this entry to be more than scalp
[09:36] {Threei} USO losing .40 and droopping sharply is needed
[09:36] {Threei} come on UAUA, don't quit on us now
[09:37] {Threei} NQ is trying for a new high
[09:37] {Threei} ugh
[09:37] {Threei} OK, stopped
[09:38] {dino} rick stop to .95 from p.m. yesterday
[09:38] {dino} out +.42
[09:40] {Threei} missed ABK entry
[09:40] {Threei} anyone got it?
[09:41] {lars} missed it here
[09:41] {Threei} feels like frenzy is coming
[09:42] {Threei} pullback is still better on this type than break
[09:42] {dino} cedc l sm .10, wide
[09:43] {dino} out .50, +.40
[09:43] {dino} that was fast
[09:43] {Threei} no kidding
[09:43] {Threei} wtg
[09:44] {dino} lol
[09:44] {dino} got lucky
[09:46] {dino} l sm cedc .91 wide
[09:47] {Threei} ABK is coming into support
[09:49] {esemde} GM...
[09:49] {Threei} ese :)
[09:50] {Threei} USO, break or failure
[09:51] {Threei} that will define UAUA off 9 support
[09:54] {dino} tighten cedc to .81 not moving
[09:54] {Threei} if you got ABK around .70, half out out here
[09:56] {dino} cedc stop to b/e
[09:56] {dino} stopped
[10:00] {Threei} *JULY ISM NON-MANUFACTURING COMPOSITE: 49.5 V 48.8E
[10:00] {Threei} Non-Mfg Prices Paid Index: 80.8 v 84.5 in June (highest since Index launched in 1997)
[10:01] {Threei} Employment: 47.1 v 43.8 in June
[10:01] {Threei} - New Orders Index: 47.9 v 48.6 in June
[10:01] {Threei} out ABK in full
[10:01] {Roman} 21 long WM 5.10
[10:01] {Threei} wait for pullback for re-entry
[10:04] {Threei} ELN .71 long
[10:04] {Threei} .59 stop
[10:05] {magoo} in
[10:06] {Threei} anyone sees anything horribly wrong with the following:
[10:06] {Threei} GS
[10:06] {Threei} UPDATE PRICE TARGET CUT TO $202 FROM $212 AT MERRILL LYNCH
[10:07] {Threei} MER downgrading GS?
[10:08] {Threei} that's almost like Siberian branch of children's drink Buratino expressing concern about sustainability of Coca Cola business model
[10:09] {magoo} what???
[10:09] {dino} qgen
[10:10] {dino} where do you get this stuff vad?
[10:10] {Threei} lol
[10:10] {dino} ottr blood
[10:10] {Threei} I have wild imagination
[10:11] {dino} understatement
[10:15] {Threei} US SAYS IT AND OTHER MAJOR POWERS WILL HOLD A PRESS CONF CALL ON WED ABOUT IRAN
[10:15] {Threei} {USO}
[10:15] {Threei} yeah, let's help oil stay strong
[10:15] {Threei} see how it's rocketing on such rfemarks?
[10:16] {Threei} RUSSIA HAS REPORTEDLY LEVIED ADDITIOINAL FEES FOR OIL SHIPMENTS THROUGH TRANSNEFT, EFFECTIVE IMMIEDIATELY
[10:16] {Threei} {USO}
[10:20] {magoo} l rimm hrer
[10:20] {magoo} .30
[10:22] {magoo} out here .84
[10:22] {magoo} easy button
[10:24] {Threei} nice one
[10:26] {Threei} if USO double-tops here, UAUA for a scalp
[10:26] {dino} sm l vrtx .80, stop .47
[10:28] {Threei} 97.50 broken, no play
[10:28] {Threei} unless it shows sharp red bar, as usual requirement for UAUA
[10:29] {dino} cedc sm l .30
[10:32] {Threei} USO loss of .50 and fast drop would launch the play
[10:33] {Threei} ok in
[10:34] {Threei} a bit anticipatory entry
[10:34] {Threei} but want to keep stops tight
[10:34] {Threei} 8.95 in this case
[10:35] {esemde} are you long or short Vad?
[10:35] {Threei} come on smelly stuff, drop
[10:35] {Threei} long UAUA
[10:35] {esemde} short....
[10:35] {Threei} which is essentially short oi;
[10:35] {esemde} ahhhhh
[10:39] {Threei} half out.18 and .19
02[10:39] * Disconnected
02[10:40] * Attempting to rejoin channel #discussions
03[10:40] * Rejoined channel #discussions
[10:40] {Threei} I suspect you may have been the reason
[10:40] {Threei} killed the demand, you know...
[10:40] {Threei} ABK daily has no resistance up to 6
[10:40] {fernp} Good morning all
[10:40] {Threei} fern :)
[10:40] {Threei} so... considering that Fed holding steady today is almost a given, non-event?
[10:40] {Threei} also, look at UAUA daily
[10:40] {Threei} break of 10 looks like total springboard
[10:40] {Threei} dependency on oil makes it harder read but still
[10:40] {pita} gm all
[10:40] {Threei} pita :)
[10:40] {peterg} hello
[10:40] {Threei} peter :)
[10:40] {lars} morning all
[10:40] {Threei} lars :)
[10:40] {Threei} ABK formed 4.50 - 4.65 range
[10:40] {Threei} yesterday's scenario though was to invalidate break, then bottom out and go over range high
[10:40] {Threei} UAUA 9.50 break long (with oil directional support of course)
[10:40] {Threei} in UAUA aggressively
[10:40] {Threei} stop under .30
[10:40] {Threei} pulled back into .35 support, market moved up and oil down at the moment
[10:40] {Threei} so grabbed .37
[10:40] {hawkfan4} got .38
[10:40] {Threei} need break of .50 for this entry to be more than scalp
[10:40] {Threei} USO losing .40 and droopping sharply is needed
[10:40] {Threei} come on UAUA, don't quit on us now
[10:40] {Threei} NQ is trying for a new high
[10:40] {Threei} ugh
[10:40] {Threei} OK, stopped
[10:40] {dino} rick stop to .95 from p.m. yesterday
[10:40] {dino} out +.42
[10:40] {Threei} missed ABK entry
[10:40] {Threei} anyone got it?
[10:40] {lars} missed it here
[10:40] {Threei} feels like frenzy is coming
[10:40] {Threei} pullback is still better on this type than break
[10:40] {dino} cedc l sm .10, wide
[10:40] {dino} out .50, +.40
[10:40] {dino} that was fast
[10:40] {Threei} no kidding
[10:40] {Threei} wtg
[10:40] {dino} lol
[10:40] {dino} got lucky
[10:40] {dino} l sm cedc .91 wide
[10:40] {Threei} ABK is coming into support
[10:40] {esemde} GM...
[10:40] {Threei} ese :)
[10:40] {Threei} USO, break or failure
[10:40] {Threei} that will define UAUA off 9 support
[10:40] {dino} tighten cedc to .81 not moving
[10:40] {Threei} if you got ABK around .70, half out out here
[10:40] {dino} cedc stop to b/e
[10:40] {dino} stopped
[10:40] {Threei} *JULY ISM NON-MANUFACTURING COMPOSITE: 49.5 V 48.8E
[10:40] {Threei} Non-Mfg Prices Paid Index: 80.8 v 84.5 in June (highest since Index launched in 1997)
[10:40] {Threei} Employment: 47.1 v 43.8 in June
[10:40] {Threei} - New Orders Index: 47.9 v 48.6 in June
[10:40] {Threei} out ABK in full
[10:40] {Roman} 21 long WM 5.10
[10:40] {Threei} wait for pullback for re-entry
[10:40] {Threei} ELN .71 long
[10:40] {Threei} .59 stop
[10:40] {magoo} in
[10:40] {Threei} anyone sees anything horribly wrong with the following:
[10:40] {Threei} GS
[10:40] {Threei} UPDATE PRICE TARGET CUT TO $202 FROM $212 AT MERRILL LYNCH
[10:40] {Threei} MER downgrading GS?
[10:40] {Threei} that's almost like Siberian branch of children's drink Buratino expressing concern about sustainability of Coca Cola business model
[10:40] {magoo} what???
[10:40] {dino} qgen
[10:40] {dino} where do you get this stuff vad?
[10:40] {Threei} lol
[10:40] {dino} ottr blood
[10:40] {Threei} I have wild imagination
[10:40] {dino} understatement
[10:40] {Threei} US SAYS IT AND OTHER MAJOR POWERS WILL HOLD A PRESS CONF CALL ON WED ABOUT IRAN
[10:40] {Threei} {USO}
[10:40] {Threei} yeah, let's help oil stay strong
[10:40] {Threei} see how it's rocketing on such rfemarks?
[10:40] {Threei} RUSSIA HAS REPORTEDLY LEVIED ADDITIOINAL FEES FOR OIL SHIPMENTS THROUGH TRANSNEFT, EFFECTIVE IMMIEDIATELY
[10:40] {Threei} {USO}
[10:40] {magoo} l rimm hrer
[10:40] {magoo} .30
[10:40] {magoo} out here .84
[10:40] {magoo} easy button
[10:40] {Threei} nice one
[10:40] {Threei} if USO double-tops here, UAUA for a scalp
[10:40] {dino} sm l vrtx .80, stop .47
[10:40] {Threei} 97.50 broken, no play
[10:40] {Threei} unless it shows sharp red bar, as usual requirement for UAUA
[10:40] {dino} cedc sm l .30
[10:40] {Threei} USO loss of .50 and fast drop would launch the play
[10:40] {Threei} ok in
[10:40] {Threei} a bit anticipatory entry
[10:40] {Threei} but want to keep stops tight
[10:40] {Threei} 8.95 in this case
[10:40] {esemde} are you long or short Vad?
[10:40] {Threei} come on smelly stuff, drop
[10:40] {Threei} long UAUA
[10:40] {esemde} short....
[10:40] {peterg} disconnected and back in?
[10:40] {Threei} yes
[10:40] {peterg} anyone else connect problems?
[10:40] {patience} me
[10:40] {Threei} half out.18 and .19
[10:40] {Threei} scalpers take profit
[10:41] {dino} yes
[10:41] {peterg} out at .18 + 15
[10:41] {Threei} NATIONAL HURRICAN CENTER: TROPICAL STORM EDOUARDO WEAKENS
[10:42] {Threei} UAUA plays off USO require patience to catch the right moment, but their predictability is amazing
[10:42] {Threei} offering second half .29
[10:43] {magoo} u are nailing it boss
[10:43] {Threei} more often than not, yes
[10:43] {magoo} and modest too lol
[10:43] {Threei} always
[10:44] {Threei} oil is bottoming probably
[10:45] {Threei} out balance
[10:46] {magoo} out .21 TY
[10:47] {Threei} hehe... I seem to get out too early on it on regular basis
[10:48] {Threei} but whatever... not only it's August, it's a FOMC day
[11:00] {peterg} So quiet I am checking connection
[11:00] {peterg} connection good
[11:00] {Threei} scalp play, VLO 32 break if stays above .90
06[11:01] * magoo slaps hawkfan4 around a bit with a large trout
[11:02] {magoo} in agg .97
[11:02] {peterg} in 96
[11:02] {magoo} agg=aggressive
[11:02] {peterg} aggregate
[11:02] {dino} we're just ignoring you peter...:)
[11:03] {peterg} im used to it
[11:03] {magoo} are u used to this yet?
06[11:03] * magoo slaps peterg around a bit with a large trout
[11:03] {peterg} ahh that feels bette
[11:03] {peterg} r
[11:03] {esemde} ahhh connected again
[11:04] {Threei} just now?
[11:04] {Threei} it was like 10 seconds outage
[11:04] {Threei} hiccup I'd say
[11:04] {esemde} yup....got disconnected somehow
[11:05] {dino} acap sm l .30 thinny
[11:05] {esemde} probably a hiccup
[11:05] {esemde} if anything it's my internet here at home....been struggling with it all year
[11:05] {Threei} for fully bored, I added some of recent photos at http://www.flickr.com/photos/36948132@N00/
[11:06] {dino} ottr sm l .20
[11:06] {dino} acap stop is .99ish
[11:07] {esemde} Gold stream park
06[11:08] * Threei kicks VLO in the rear
[11:08] {Threei} break already will ya
[11:08] {esemde} nice pictures vad
[11:08] {Threei} ty
[11:08] {dino} acap stopped -.29
[11:11] {Threei} sigh
[11:12] {Threei} chop chop
[11:12] {peterg} I lucked out on VLO, day job calls, I sell at .99, +.03!!!!!
[11:12] {peterg} thks
[11:12] {Threei} hehe
[11:13] {Threei} better than poke in the eye
[11:13] {peterg} Gross profit $2
[11:13] {peterg} Net rather
[11:13] {magoo} enough for mickey dees dollar menu
[11:13] {Threei} see... and we wonder where inflation comes from
[11:13] {peterg} jr whopper with cheese
[11:13] {magoo} thats more than 2 bux isnt it?
[11:14] {peterg} not the junior
[11:14] {Threei} not if you share
[11:14] {peterg} it is smaller than the gib one
[11:14] {magoo} ahhh
[11:14] {Threei} get neighbor to chip in
[11:15] {magoo} waiting .21
[11:16] {dino} dollar millionairs
[11:16] {magoo} out TY boss
[11:16] {Threei} welcome
[11:16] {magoo} now thsats a lobster dinner for 2
[11:16] {Threei} or sr whopper
[11:16] {magoo} with drinks
[11:19] {esemde} you guys are a heart attack waiting to happen.....
[11:19] {dino} maybe so, maybe so
[11:19] {Threei} and alzheimer in progress
[11:20] {esemde} interesting combo
[11:20] {esemde} hey dino....my flat stick is like a magic wand on the links these days....one putting from everywhere
[11:21] {dino} nice
[11:21] {Threei} that's nothing... the most interesting combo is laxative and sleeping aid taken together
[11:21] {magoo} UUUUUUGGHHHHHHHHH
[11:21] {dino} shot 10 over friday
[11:21] {esemde} too funny!!!!!
[11:21] {magoo} 10 over??u suk
[11:21] {dino} for me thats decent
[11:22] {Threei} so, any best of FOMC decision and amrket reaction?
[11:22] {Threei} bets
[11:22] {dino} magoo, you would've shot 30 over on this course
[11:22] {esemde} dino....thats smokin god
[11:22] {esemde} good
[11:22] {dino} bbbets.....bernie eats tuna for lunch
[11:23] {dino} ty
[11:27] {esemde} L Petm
[11:27] {esemde} .19
[11:27] {esemde} 1/2 lot
[11:28] {dino} ottr stop to b/e
[11:28] {esemde} stop .99
[11:31] {Threei} hmmm
[11:31] {Threei} oil new low but UAUA is far from day high
[11:32] {Threei} not sujre it's anopportunity, could be broken correlation
[11:39] {dino} ottr stopped flat
[11:41] {Threei} as boredom sets in... http://www.realitytrader.com/blog/2008/08/non-stop-discussion-of-stops.html
[11:47] {Threei} what happened on UAUA?
[11:47] {esemde} OK wondering if i've held on too long again....maybe should have been full lot and out at .35 PETM
[11:47] {Threei} I don't ssee any news
[11:48] {hawkfan4} nothing here
[11:49] {Threei} wow
[11:49] {Threei} that's some spike on no news
[11:50] {Threei} AMR
[11:50] {Threei} HEARING UPGRADED AT MERRILL LYNCH
[11:50] {Threei} I guess this is it?
[11:50] {Threei} if so, I don't think it's sustainable
[11:51] {Threei} [AMR] AMR Corp Hearing upgraded to buy from underperform at Merrill Lynch; price target $15 (timing uncertain)
[11:51] {Threei} - Hearing UAUA also upgraded
[11:52] {hawkfan4} 11:51 Heairng UAUA and AMR upgraded intraday at tier 1 firm
[11:52] {hawkfan4} UAL Corp. (UAUA), AMR Corp (AMR)
[11:52] {Threei} people still trust upgrades?
[11:52] {Threei} and actually buy on them?
[11:53] {Threei} apparently yes
[11:53] {Threei} MERRILL LYNCH RAISED UAUA TO BUY FROM SELL, PRICE TARGET: $14.00
[11:53] {Threei} -Note prior PT was $7.50
[12:04] {Threei} if UAUA takes .80, 10 becomes a magnet
[12:06] {Threei} and 10 break on daily looks explosive...
[12:06] {Threei} here is 10
[12:07] {Threei} out and want pullback
[12:07] {Threei} if it explodes, fine
[12:07] {Threei} anyone took it?
[12:07] {hawkfan4} I'm in from .26
[12:08] {Threei} OK... don't be tso greedy
[12:08] {Chaeron} nice one hawk, Threei... good morning all
[12:08] {Threei} chaeron :)
[12:09] {hawkfan4} thanks, lucky, was about to stop out when the upgrade hit
[12:10] {Threei} wow
[12:10] {Threei} that's some timing
[12:29] {magoo} i have no charts..anyone else
[12:31] {magoo} charts anyone
[12:33] {Threei} server 5 ok
[12:38] {magoo} noty for me..what quote u on
[12:38] {Threei} 14
06[12:38] * Threei slaps laserdave1 around a bit with a large trout
06[12:39] * Chaeron slaps laserdave1 around a bit with a large trout
06[12:39] * magoo slaps laserdave1 around a bit with a large trout
[12:40] {laserdave1} ummm
[12:40] {laserdave1} some things just never change
[12:40] {magoo} dave dcc
[12:40] {esemde} stopped PETM .99
[12:40] {esemde} -.20
[12:46] {Threei} EU'S SOLANA HAS REPORTEDLY RECEIVED A LETTER FROM IRAN REGARDING THE NUCLEAR INCENTIVES
[12:46] {Threei} {USO}
[12:47] {patience} and ?
[12:47] {Threei} ummm
[12:48] {patience} the letter says?
[12:48] {Threei} I kind of haven't been invited to open an envelope :)
[12:52] {Threei} ABK is forming kind of C&H
[12:57] {Threei} - Follow up $12:50pm, Pentagon calls any efforts for Iran to shut the strait of Hormuz as 'self defeating' for an oil dependent economy, would not be in Iran's best interest{USO}
[13:08] {Threei} FRE
[13:08] {Threei} MERRILL LYNCH MAKES CAUTIOUS COMMENTS
[13:20] {esemde} signing off for the day all....see ya tomorow
[13:20] {Threei} take care ese
[13:20] {Chaeron} bye ese
[13:20] {esemde} see ya vad
[13:20] {esemde} CHHHHHH
[13:20] {peterg} bye ese
[13:20] {Chaeron} :)
06[13:20] * magoo slaps Chaeron around a bit with a large trout
[13:21] {Chaeron} thanks for keeping me real
[13:22] {Threei} FRE
[13:22] {Threei} RESPONDS TO NYT ARTICLE; NOTES FRE EXCEEDS REGULATORY CAPITAL STANDARD OF 20% TARGET SURPLUS, HAS 'AMPLE RECORD' OF EFFORTS
[13:22] {Threei} - Reminder the NYT reported that the CEO of Freddie Mac failed to heed internal warnings from 2004 regarding concerns about the loans that the company was financing{FNM}
[13:23] {Threei} PREVIEW: FOMC RATE DECISION DUE OUT AT ABOUT 2:15PMET
[13:23] {Threei} **consensus expectation is for rates to remain steady at 2.00%, and indeed economists surveyed are unanimous that the FOMC will not make any rate move today. Most analysts believe the FOMC statement will not be altered substantially, despite some recent tough talk in Fed speeches. Since the last rate decision, several Fed officials have asserted that they cannot wait for a full housing and credit market recovery before beginning to withdraw monetary policy easing. Note that historically, the Fed is very reluctant to move interest rates in the months ahead of a national election. Currently, Fed Fund Futures show about a 32% chance of a 25 bps hike by the September meeting, and fully pricing in a 25 bps hike by the end of the year.
[13:29] {magoo} a little trickier imo since we up already so big
[13:33] {dino} sell the news
[13:37] {magoo} that would be too easy imo
[13:40] {peterg} At one point vad opines in print it may take 1, 2, or more years to become trader.
[13:41] {peterg} In my case, before death will be good
[13:41] {peterg} day job, clients pestering for service, etc
[13:41] {peterg} other than that having great time
[13:42] {magoo} huh?
[13:42] {peterg} just rambling
[13:42] {magoo} u having down day?
[13:42] {peterg} nope
[13:43] {peterg} up
[13:43] {peterg} thks
[13:43] {peterg} like to grumble. just ask wife
[13:43] {peterg} as James Brown the late great says, I feel goood!!
[13:44] {peterg} cue horns
[13:44] {peterg} all deep learning slow
[13:51] {dptl} what time fed 14:15?
[13:51] {Threei} yup
[13:51] {dino} y
[13:52] {dptl} ty
[13:52] {Threei} countdown starts in 17 minutes
[13:52] {Threei} for now we can run countdown to the beginning of countdown
[13:52] {dino} he will say, "i know inflation is rising because my tuna sandwich now costs $4 when it used to be $3.25"
[13:52] {dptl} lol
[13:57] {magoo} my charts stink again today..anyone else?
[13:57] {Threei} nope... running fine
[13:58] {Chaeron} me too all day mags
[13:58] {peterg} ok here
[13:59] {peterg} any potential plays if change up/down/no change?
[13:59] {Threei} I am afraid those jumps will be hectic and fast
[13:59] {Threei} impossible to read and catch
[14:00] {Threei} soleny okeanskij vozdux... xarakterny jodistyj zapax vodoroslej
[14:00] {Threei} sorry, wrong window
[14:00] {peterg} convulsions; petit mal
[14:00] {peterg} in mkt to come
[14:01] {Threei} usually that's how it happens
[14:02] {dino} down 100, then up
[14:02] {peterg} on dow?
[14:03] {Threei} and dino feasting on reversals
[14:03] {dino} imo yes
[14:03] {peterg} ETF play?
[14:03] {dino} would you expect any less from me vad?
[14:03] {Threei} no :)
[14:04] {Threei} QID peter
[14:04] {peterg} tks
[14:04] {dino} skf
[14:13] {Threei} *FOMC LEAVES RATES ON HOLD AT 2.00; %; AS EXPECTED; INFLATION RISKS A SIGNIFCANT CONCERN;, VOTE WAS 10-1
[14:14] {dino} giddy-up
[14:15] {Threei} - Inflation risks significant, will moderate later this year labor markets have softened further,
[14:15] {Threei} - Fisher preferred rate increase
[14:15] {Threei} - Upside risks a considerable concen, economic activity expanded in the second quarter
[14:16] {dino} seems i was wrong
[14:17] {Threei} why... giddy-up it is
[14:19] {peterg} dizzying to watch those DJ ultra short etfs too scary 4 me
[14:21] {magoo} selling off here lil bit
[14:22] {Threei} [13:59] {Threei} I am afraid those jumps will be hectic and fast
[14:22] {Threei} [13:59] {Threei} impossible to read and catch
[14:29] {magoo} vad, news BIDU??
[14:29] {Threei} no
[14:29] {dino} sm wide l skf .01
[14:30] {Threei} USO new lows
[14:30] {Threei} even if I don't find a play off it, I derive great pleasure seeing it
[14:34] {Threei} US SAYS IRAN'S RESPONSE TO INCENTIVES PACKAGE IS "UNACCEPTABLE"
[14:34] {Threei} {USO}
[14:34] {Threei} hmmm... and oil drops even despite that?
[14:36] {Threei} looks like UAUA can be a play again if USO drops sharply
[14:42] {Threei} come on, break that .50 and drop to 95 in one gasp
[14:52] {magoo} vad, my normal question here
[14:53] {Threei} hmmm
[14:53] {Threei} I'll take pass today
[14:54] {Threei} no feel, no bet
[14:54] {Threei} I mean if you pressed me to the wall and out a gun to my head
[14:54] {Threei} I would prefer to try and wrestle a gun out of your heands rather than make a bet on this market ending today
[14:56] {Threei} but if I were not suceessul and you still have the gun... I would say UP, with like 50,00001 vs. 49.99999%
[14:58] {magoo} wow..was expecting usual one word "up"
[14:58] {Threei} so I dignified your question with extended answer... you unhappy again??? :)
[14:59] {Chaeron} as always :))
[15:05] {dptl} ok...gonna finnish early (nice day don't want to loose it) have a good evening all:)
[15:05] {Threei} take care dp :)
[15:05] {magoo} hgood job dp
[15:05] {dptl} ty:)
[15:07] {dino} later dp
[15:20] {dino} artc
[15:21] {dino} too fast
[15:26] {dino} apwr
[15:33] {dino} sm s apwr .20
[15:38] {Threei} UPDATE: SPENDINGPULSE: US WEEKLY GASOLINE DEMAND +0.3% W/W, -3.4% Y/Y
[15:38] {Threei} {USO}
[15:38] {Threei} UAUA...
[15:42] {dino} stopped apwr -.40
[15:43] {judijim} be with you all tomorrow, take care
[15:44] {lars} cya judijim take care
[15:44] {Threei} take care jj
[15:45] {magoo} bye jj
[15:45] {dino} out vrtx .00, +.20
[15:46] {Threei} magoo
[15:46] {magoo} here
[15:46] {Threei} my 0.00001% was right
[15:46] {magoo} lol
[15:46] {Threei} :)
[15:46] {magoo} u still got it
[15:46] {lars} out uaua .10
[15:47] {Threei} lars :)
[15:47] {lars} thx vad
[15:47] {Threei} it's all you... I didn't even call it
[15:48] {lars} your alert at 12:38
[15:50] {Threei} gosh
[15:50] {Threei} forgive me for not remembering things that happend bc :)
[15:51] {Threei} which to me is pretty much anything that is more than 10 minutes old
[15:52] {Threei} but hey... it's much healthier sttention span than moth
[15:52] {Threei} or fish have
[15:52] {Threei} fish is 18 seconds
[15:52] {lars} lol
[15:53] {Threei} moth, not sure but judging by how frequently it hits the lamp glass, must be like 1/2 of second
[15:55] {dino} what do you have when you have one moth ball here.............................and one here?
[15:56] {magoo} large moth
[15:56] {Threei} lol
[15:59] {Threei} OK guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {peterg} Thanks all See tomorrow
[15:59] {lars} cya vad take care
[16:00] {lars} cya peter
[16:00] {dino} take care all
[16:00] {lars} atke care dino.... u2 magoo :)
[16:00] {magoo} ty vad
[16:01] {lars} night all
[16:01] {patience} see you guys, no trades, i am waiting in the background to pounce on stocks, not yet though
[16:01] {dino} be selling the rip soon, imo

Aug 01 2008

Session Time: Fri Aug 01 00:00:01 2008
[08:07] {Threei} 07/31/08 05:18pm [ELN] Notifies regulatory agencies of two confirmed cases of progressive multifocal leukoencephalopathy (PML) in multiple sclerosis (MS) patients treated with TYSABRI in a commercial setting
[08:17] {Threei} PREVIEW: JULY UNEMPLOYMENT RATE DATA DUE OUT AT 8:30AM
[08:17] {Threei} - Consensus expectations at 5.6% vs 5.5% prior
[08:17] {Threei} - Reminder- Apr& May 5.5% readings were the highest since Oct 2004
[08:18] {Threei} PREVIEW: JULY CHANGE IN NONFARM PAYROLLS AND CHANGE IN MANUFACTURING PAYROLLS DUE AT 8:30 AM
[08:18] {Threei} - Change in Nonfarm Payrolls: -75K v -62K prior (Note the range of estimate are from -150K to 0K)
[08:18] {Threei} - Change in Manufacturing Payrolls: -40K v -33K prior
[08:18] {Threei} **Note: ADP Employment Change came in at +9K v -20Ke
[08:18] {Threei} ** Nov Fed Fund Future sees 60% chance of 25bps hike by the middle of the fall
[08:18] {Threei} - Reminder: Back month nonfarm payrolls have encountered 5 consecutive month of downward revisions
[08:30] {Threei} JUL UNEMPLOYMENT RATE: 5.7% V 5.6%E
[08:30] {Threei} JUL CHANGE IN NONFARM PAYROLLS: -51K V -75KE; CHANGE IN MANUFACTURING PAYROLLS: -35K V -40KE
[08:30] {Threei} - Prior Jun Nonfarm Payrolls revised Lower from - 62K to -51K Note: (sixth straight month of lower revisions in back months)
[08:31] {Threei} JULY AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.3%E; AVERAGE WEEKLY AVERAGE: 336. V 33.7E
[08:35] {Threei} .v raven
[08:37] {Raven} 3 .v Threei
[08:37] {Threei} sigh
[08:37] {Raven} 3 rofl
[08:37] {Threei} frikin script just won't work as it should :)
[08:37] {Raven} 3 you trying to vaporize me?
[08:38] {Threei} it's not personal
[08:38] {Raven} 3 OK
[08:38] {Threei} just a ingrained reaction... I try to vaporize anyone in sight
[08:38] {Raven} 3 be careful
[08:39] {Threei} you know... "vaporize or be vaporized"...
[08:39] {Raven} 3 sigh
[08:44] {Threei} FORMER FED MEMBER POOLE SAYS INFLATION PROBLEM DEVELOPING OVER LONGER TERM
[08:44] {Threei} seriously?
[08:45] {Threei} I'll say... considering that today's dollar costs what, 6% of dollar before Fed creation?
[08:46] {Raven} 3 long term we're all dead
[08:49] {Threei} ABK
[08:49] {Threei} SETTLES $1.4B CDO SQUARED TRANSACTION, MAKING PAYMENT OF $850M
[08:49] {Threei} - Company has settled one of its largest CDO exposures, AA Bespoke, in exchange for a final cash payment of $850 million to its sole counterparty. AA Bespoke is a $1.4 billion transaction that originally comprised AA rated CDO of ABS tranches, most of which have been downgraded to below investment grade since the inception of the transaction
[08:50] {Raven} 3 don't fall into the tranches
[08:51] {Threei} ELN back into support
[08:59] {magoo} morn
[08:59] {Threei} magoo :)
[09:03] {magoo} vad, yesterday u were saying u like to hang around all day on slow days because u never know if IF something developes
[09:03] {magoo} well, i almost always like to do same for after hours
[09:04] {Threei} during earnings season, sure
[09:04] {magoo} point being..last night at 5 pm ELN starts rolling over on scanner from 22 all way to 10..i shorted it several
[09:04] {magoo} points
[09:04] {magoo} made like 1400
[09:05] {magoo} just saying
[09:05] {magoo} , it hit under 10
[09:05] {magoo} ffrom 22 area, plus biib went down with it,
[09:06] {Threei} nice, congratulations
[09:06] {magoo} but u gotta sit till 6 pm cause nev er know, movwes come after conference calls at 5 lots of times
[09:06] {Threei} yeah
[09:06] {Threei} well, one needs to draw a line somewhere
[09:06] {magoo} prob is i never get home till 7 pm {wife no like that}
[09:06] {Threei} otherwise it never ends... one market closes, another opens
[09:07] {Threei} pretty soon you are trading 24/7
[09:07] {magoo} friday afterhours worthless though, no action
[09:08] {magoo} i was only doing 100 shares..thats why didnt do better
[09:09] {magoo} but it was risky of course
[09:10] {peterg} morning
[09:10] {peterg} gj magoo
[09:10] {magoo} i just trade until i make what i think raven makes for day he he
[09:11] {magoo} BIIB
[09:11] {magoo} news vad?
[09:11] {Threei} peter :)
[09:12] {Threei} same as ELN
[09:12] {magoo} it hit 52 last night..back there now
[09:12] {Threei} they are in that drug together
[09:12] {magoo} i thought wye was with eln
[09:12] {lars} morning all
[09:12] {Threei} lars :)
[09:13] {Threei} abk
[09:13] {Threei} possible player today
[09:13] {magoo} lars:)
[09:14] {cosmo} PWAV should hold 4.25 imo
[09:15] {cosmo} ... for a 4.35 break...
[09:17] {fernp} Good morning
[09:17] {Threei} fern :)
[09:22] {lars} nice job last night magoo :)
[09:23] {lars} better take wife to nice dinner though :)
[09:24] {Raven} 3 {---------- checking for a magoo spy camera
[09:26] {magoo} you're getting warmer, there, there, oops..wrong turn
[09:26] {Raven} 3 lol
[09:26] {Threei} C
[09:26] {Threei} DISCLOSES STATUS AS COUNTERPARTY IN ABK TRANSACTION ANNOUNCED EARLIER TODAY
[09:26] {Threei} {ABK}
[09:27] {dptl} good morning all
[09:27] {Threei} ELN is scalpable on bounce but right now it's in uncharted territory, can't tell where the entry is
[09:27] {Threei} dp :)
[09:28] {Threei} 07:17am [GM] CEO: Production fell by about 27% in Q2, overseas operations are performing well, liquidity plan is on track, have cash to cover needs through 2009
[09:29] {Threei} 06:59am [GM] Reports Q2 -$11.21 v -$2.62e (Ex items) , R $38.15B v $44.57Be, To draw $1.0B from credit lines, Records $9.1B charge
[09:29] {Threei} DEMOCRATIC PRESIDENTIAL CANDIDATE OBAMA SAYS HE WOULD BACK A WINDFALL TAX ON OIL COMPANIES
[09:29] {Threei} {XOM CVX USO}
[09:30] {cosmo} that's better than nationalizing them i guess...
[09:31] {Threei} half lot long ELN
[09:31] {Threei} stop under .60
[09:31] {Threei} can take several attempts
[09:32] {esemde} morning......
[09:32] {Threei} ese :)
[09:33] {Threei} feel fre to take profit ELN
[09:33] {esemde} hey
[09:33] {Threei} out 11.05, +.35
[09:33] {esemde} Irish Whisky.............thats all i'm going to say!
[09:34] {Threei} anyone got ELN?
[09:34] {Threei} that panic dive to .70 was a godsend
[09:34] {lars} out at 11.08 +.31
[09:34] {Threei} wtg
[09:34] {peterg} out with a small .12
[09:35] {lars} thx... to you :)
[09:35] {Threei} VVUS
[09:35] {Threei} .75 break long, stop under .55, possible swing trade
[09:35] {Threei} generally slow one
[09:36] {Threei} don't touch it if not willing to sit on it for a while
[09:36] {magoo} hence magoo back off
[09:36] {Threei} ABK
[09:36] {Threei} .21 long, stop under 3
[09:37] {magoo} 100 sh l CME
[09:38] {magoo} 351
[09:39] {magoo} too soon
[09:39] {esemde} long VPRT 29.61
[09:40] {magoo} that sucked out minus 500
[09:40] {esemde} out Vprt .95 3/4 lot
[09:40] {esemde} holly!!!!
[09:40] {esemde} in out bang bang
[09:40] {esemde} barely time to typole this
[09:41] {Threei} nice scalping footwork
[09:41] {esemde} that was really fast Vad
[09:41] {Threei} VVUS chews resistance
[09:41] {Threei} the best kind ese...
[09:42] {Threei} leave it to analyst to discuss for days why it went up
[09:43] {Threei} what just happened?
[09:46] {Roman} 21 long GLD
[09:46] {esemde} happened to what Vad?
[09:46] {Roman} 21 small
[09:46] {Threei} market
[09:46] {Threei} sudden drop
[09:46] {esemde} NDX is tanking on my monitor
[09:47] {esemde} news?
[09:47] {Threei} that was what I asked :)
[09:47] {Threei} I s\ee none
[09:47] {hawkfan4} none here
[09:47] {esemde} me either
[09:47] {Threei} PREVIEW: JULY ISM MANUFACTURING COMPOSITE DUE OUT AT 10AMET
[09:47] {Threei} **consensus expectation: 49.0e v prior 50.2
[09:47] {Threei} - Prices paid expected at 88.0 v 91.5 prior (which was highest prices paid since July 1979)
[09:48] {esemde} Sunh bstop 15.61 1/2 lot
[09:49] {judijim} gm all
[09:49] {Threei} jj :)
[09:49] {esemde} jj
[09:49] {Threei} wanted to short NSANY, then remembered I have two of their cars
[09:49] {Threei} and happy with both
[09:49] {Threei} GM not in a short list
[09:50] {esemde} long SUNH
[09:50] {Roman} 21 long GOLD small
[09:50] {esemde} out SUNH
[09:50] {Roman} 21 49.41
[09:51] {esemde} .89
[09:51] {Threei} lol ese
[09:51] {Threei} you arwe making money today faster than you can report
[09:51] {esemde} man oh man...
[09:51] {Threei} all while market dropping like there is no tomorrow
[09:51] {esemde} shooting up like rockets.....
[09:52] {Roman} 21 watching HK setup
[09:52] {Threei} nice feeling of mastering this thing eh?
[09:52] {Roman} 21 long
[09:52] {esemde} going up so fast can barely type to keep up...
[09:52] {Threei} no thinking involved... eye to finger reaction
[09:52] {esemde} exactly
[09:52] {Threei} brain inbetween is canceled
[09:52] {hawkfan4} geesh, no news
[09:52] {Roman} 21 long HK small
[09:52] {esemde} indeed!
[09:53] {Threei} ok, what the heck is going on?
[09:53] {Roman} 21 33.75
[09:53] {Roman} 21 unemployment numbers this morning
[09:53] {Roman} 21 taking toll
[09:53] {Roman} 21 imo
[09:53] {Roman} 21 commodities stroong sofar
[09:53] {Threei} they are over an hour old
[09:54] {Threei} and they weren't too bad
[09:54] {magoo} how bad we close yesterday?
[09:54] {Threei} in green
[09:55] {Threei} 20 points NQ off the high though
[09:55] {magoo} dow?
[09:56] {Threei} 8.02 long UAUA
[09:56] {Threei} 7.94 stop
[09:59] {Threei} invalidated
[09:59] {Threei} numbers in a min
[09:59] {Threei} VVUS is nicely oblivious to the market
[09:59] {magoo} l rimm 120
[09:59] {magoo} small
[10:00] {Threei} *JUNE CONSTRUCTION SPENDING (M/M): -0.4% V -0.3%E
[10:00] {Threei} prior revised to 0.0% from -0.4%
[10:00] {magoo} out .60
[10:00] {magoo} +.60
[10:01] {Roman} 21 magoo is back
[10:01] {Roman} 21 out HK
[10:01] {magoo} cme cracked me
[10:01] {magoo} nasty
[10:01] {magoo} its a dino play
[10:01] {magoo} need the dino i gues
[10:02] {Roman} 21 that guy is still on vacation?
[10:02] {magoo} yeah
[10:02] {Roman} 21 nice
[10:02] {magoo} only his 3rd with 2 more coming for yr
[10:03] {Roman} 21 his 3rd vacation this year?
[10:03] {Threei} *JULY ISM MANUFACTURING: 50 V 49E; PRICE PAID: 88.5 V 88E
[10:03] {Threei} - Employment Index 51.9 v 43.7 prior{SPY EUR/USD}
[10:03] {magoo} yeah, mexico, 2 north caro..plus jamaca coming and 1 more caro
[10:03] {magoo} bastard lol
[10:03] {Roman} 21 damn, you guys making serious $$$
[10:04] {magoo} HEY..i took nopne
[10:04] {magoo} mnone
[10:04] {magoo} none
[10:04] {Roman} 21 i wish some day i can be like you
[10:04] {magoo} i haven't been on family vaca in years
[10:04] {Roman} 21 out GLD +.40
[10:05] {Roman} 21 out GOLD +.76
[10:05] {Roman} 21 all small
[10:06] {Roman} 21 watching RGLD for long
[10:06] {Roman} 21 small
[10:06] {Threei} wtg
[10:07] {Roman} 21 i think GOLD got more
[10:07] {Roman} 21 look at commodities
[10:07] {Roman} 21 damn
[10:07] {Roman} 21 ROYL
[10:07] {Roman} 21 in
[10:08] {Roman} 21 .95
[10:10] {laserdave1} hawkfan dcc when u get a sec
[10:10] {magoo} what would be very unexpected is if IF this mkt could turn around here and go green big
[10:10] {Roman} 21 NCOC
[10:13] {magoo} l aapl .55
[10:14] {magoo} small 300
[10:14] {magoo} wait 157.17
[10:14] {Roman} 21 in with u
[10:15] {magoo} .95 prints
[10:17] {magoo} out .14 THERE
[10:17] {magoo} .17 THERE
[10:18] {magoo} easy too
[10:18] {magoo} never neg
[10:18] {lars} +.41 aapl u da man magoo :)
[10:19] {Threei} I don't worry about you guys at all for the time of my Alaska cruise
[10:20] {magoo} u should check in once in awhiole if access boss
[10:20] {Threei} nope
[10:20] {magoo} when u leaving?
[10:20] {Threei} next Sat
[10:21] {magoo} dates?
[10:21] {Threei} Aug 9 - 16
[10:23] {Roman} 21 all these people are just on vacation
[10:23] {Roman} 21 i have not had one in ages
[10:23] {Roman} 21 amazing
[10:23] {Threei} you live in Florida, you whole life is vacation
[10:23] {Roman} 21 something must be wrong with me
[10:23] {GeoArb} i have been on vacation a day here and there
[10:23] {magoo} roflol
[10:30] {Threei} US STATE DEPT NOTES EXPECTING A RESPONSE FROM IRAN ON ITS LATEST NUCLEAR INCENTIVES OFFER OVER THE WEEKEND (THE EXISTING DEADLINE FOR A RESPONSE IS THIS WEEKEND)
[10:30] {Threei} {USO}
[10:31] {Threei} OPEC MIN: OPEC WILL INTERVENE IN OIL MARKET IF SUPPLY SURPASSES DEMAND TO CREATE BALANCE
[10:31] {Threei} {USO OIH}
[10:38] {magoo} l rimm 120
[10:38] {magoo} sm
[10:39] {magoo} 200 bux stop whatever size
[10:39] {magoo} lay out .61
[10:40] {lars} iwas just gonna ask target... i need to type faster
[10:41] {Roman} 21 WM
[10:44] {Roman} 21 .
[10:46] {magoo} i have 300 sh so my stiop is .39
[10:46] {magoo} trade needs mkt power
[10:46] {Roman} 21 99% chance u will make money
[10:46] {Roman} 21 on this trade
[10:46] {kazaam} what do you thik about NYX double bottom
[10:46] {magoo} safer exit .33
[10:46] {kazaam} oh damn, just moved
[10:46] {lars} abk moving
[10:46] {kazaam} nevermind vad
[10:47] {magoo} on WM rfr?
[10:47] {Roman} 21 RIMM
[10:47] {magoo} oh
[10:47] {Roman} 21 u on RIMM
[10:48] {Roman} 21 u got the power
[10:48] {magoo} i leave exit at .61
[10:48] {Roman} 21 why not $125
[10:49] {magoo} well...if IF mkt goes green yeah
[10:49] {Roman} 21 WM sqeezing short a bit
[10:55] {Threei} ABK is serious aabout squeezing today
[11:00] {Threei} MER .61 long if stays above .50
[11:01] {Threei} invalidated
[11:01] {Threei} PREVIEW: JULY US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
[11:01] {Threei} **consensus estimates:
[11:01] {Threei} - Ford: -20%e adjusted basis (usually released at Noon ET).
[11:01] {Threei} - GM: -25%e adjusted basis (usually released around 1:45pmET).
[11:01] {Threei} - July 2008 had 26 selling days, two more than July 2007. On an unadjusted basis, the estimates above would be higher by about 8% (i.e F -12%e, and GM -17%e).
[11:04] {magoo} out rimm
[11:04] {magoo} dont lose here
[11:04] {magoo} had .51
[11:12] {Roman} 21 CHK
[11:12] {Roman} 21 long small 50.32 stop under 50
[11:18] {Threei} WHITE HOUSE: PREMATURE TO DISCUSS A 2ND ECONOMIC STIMULUS
[11:23] {Threei} ABK is aiming for 4 and above
[11:24] {Threei} CHRYSLER IS REPORTEDLY INCREASING INCENTIVES FOR PURCHASES AFTER END TO LEASING PROGRAM, PROVIDING $2K CASH BACK IN ADDITION TO 6 YR, INTEREST FREE LOANS
[11:24] {Threei} {F GM}
[11:25] {esemde} 6 year interest free loans??? there nuts
[11:25] {Threei} they need to get rid of lease at this point
[11:26] {GeoArb} they are all loosing money hand over fist on leases
[11:26] {Threei} IMO, in preparation for total fleet revamping which is going to make gasoline-based cars impossible to sell
[11:26] {Threei} not really Geo
[11:26] {Threei} lease is more pfoitable for them
[11:26] {GeoArb} in fact one of them stopped leasing
[11:26] {GeoArb} right now
[11:27] {GeoArb} lemme find the article
[11:27] {Threei} all 3 actually are backing away of it
[11:27] {GeoArb} yeah
[11:27] {Threei} don't bother, I read it
[11:27] {GeoArb} heheh
[11:27] {Threei} but their abandoning lease is not based on losing money on it
[11:27] {GeoArb} credit crunch
[11:27] {GeoArb} and resale lower than projection
[11:27] {Threei} they lease you a car,
[11:28] {Threei} you come back in 3-4 years,
[11:28] {Threei} dump a car in their lap,
[11:28] {Threei} and get another one.
[11:28] {Threei} ABK 4
[11:28] {Threei} Everything worked fine while business was as usual
[11:28] {Threei} However when they are in the middle of turning their fleet into different technology
[11:29] {Threei} old cars will be unsellable
[11:29] {Threei} aand they prefer to sell it to you today and have you stuck with it
[11:29] {Threei} instead of you dumping it on them, get your new shining super-duper-nuclear-hydrogen-electric
[11:29] {Threei} and them stuck with obsolete gasolin dybosaur they can't sell
[11:30] {GeoArb} also IMO they are having difficulty in credit to pass along
[11:30] {Threei} everyone does...
[11:30] {GeoArb} i like amtrack
[11:30] {Threei} that's of less concern to them though
[11:31] {Threei} they still give you financing, right?
[11:31] {GeoArb} i am a socialist rubbing sholders with other commoners
[11:31] {Threei} need credit for that even more than for lease
[11:32] {Threei} anyone found entry on ABK?
[11:32] {GeoArb} what no socialist comment sneers?
[11:32] {GeoArb} man.....
[11:32] {lars} +.17 on ABK
[11:33] {lars} thx Vad
[11:33] {Threei} :)
[11:34] {kazaam} vad, which scanner first popped up ABK?
[11:35] {Threei} news bfore open
[11:35] {kazaam} trade the news?
[11:36] {Threei} [08:49] {Threei} ABK
[11:36] {Threei} [08:49] {Threei} SETTLES $1.4B CDO SQUARED TRANSACTION, MAKING PAYMENT OF $850M
[11:36] {Threei} [08:49] {Threei} - Company has settled one of its largest CDO exposures, AA Bespoke, in exchange for a final cash payment of $850 million to its sole counterparty. AA Bespoke is a $1.4 billion transaction that originally comprised AA rated CDO of ABS tranches, most of which have been downgraded to below investment grade since the inception of the transaction
[11:36] {kazaam} ty
[11:37] {Threei} [09:13] {Threei} abk
[11:37] {Threei} [09:13] {Threei} possible player today
[11:40] {esemde} The other thing about those interest free loans is that Gm gets there money right away anyway. Principal and interest. All they do is sell the loan to a cllection agency whom are just brutal when it comes to collecting from you.
[11:52] {Threei} trying to get a feel if ABK done or worth a bounce
[11:52] {Threei} not sure
[12:02] {kazaam} when does regular trading "summer" start and end?
[12:05] {Threei} mid-June - Labor day
[14:05] {Threei} US STATE DEPT NOTES EXPECTING A RESPONSE FROM IRAN ON ITS LATEST NUCLEAR INCENTIVES OFFER OVER THE WEEKEND (THE EXISTING DEADLINE FOR A RESPONSE IS THIS WEEKEND)
[14:05] {Threei} {USO}
[14:05] {Threei} OPEC MIN: OPEC WILL INTERVENE IN OIL MARKET IF SUPPLY SURPASSES DEMAND TO CREATE BALANCE
[14:05] {Threei} {USO OIH}
[14:05] {magoo} l rimm 120
[14:05] {magoo} sm
[14:05] {magoo} 200 bux stop whatever size
[14:05] {magoo} lay out .61
[14:05] {lars} iwas just gonna ask target... i need to type faster
[14:05] {Roman} 21 WM
[14:05] {Roman} 21 .
[14:05] {magoo} i have 300 sh so my stiop is .39
[14:05] {magoo} trade needs mkt power
[14:05] {Roman} 21 99% chance u will make money
[14:05] {Roman} 21 on this trade
[14:05] {kazaam} what do you thik about NYX double bottom
[14:05] {magoo} safer exit .33
[14:05] {kazaam} oh damn, just moved
[14:05] {lars} abk moving
[14:05] {kazaam} nevermind vad
[14:05] {magoo} on WM rfr?
[14:05] {Roman} 21 RIMM
[14:05] {magoo} oh
[14:05] {Roman} 21 u on RIMM
[14:05] {Roman} 21 u got the power
[14:05] {magoo} i leave exit at .61
[14:05] {Roman} 21 why not $125
[14:05] {magoo} well...if IF mkt goes green yeah
[14:05] {Roman} 21 WM sqeezing short a bit
[14:05] {Threei} ABK is serious aabout squeezing today
[14:05] {Threei} MER .61 long if stays above .50
[14:05] {Threei} invalidated
[14:05] {Threei} PREVIEW: JULY US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
[14:05] {Threei} **consensus estimates:
[14:05] {Threei} - Ford: -20%e adjusted basis (usually released at Noon ET).
[14:05] {Threei} - GM: -25%e adjusted basis (usually released around 1:45pmET).
[14:05] {Threei} - July 2008 had 26 selling days, two more than July 2007. On an unadjusted basis, the estimates above would be higher by about 8% (i.e F -12%e, and GM -17%e).
[14:05] {magoo} out rimm
[14:05] {magoo} dont lose here
[14:05] {magoo} had .51
[14:05] {Roman} 21 CHK
[14:05] {Roman} 21 long small 50.32 stop under 50
[14:05] {Threei} WHITE HOUSE: PREMATURE TO DISCUSS A 2ND ECONOMIC STIMULUS
[14:05] {Threei} ABK is aiming for 4 and above
[14:05] {Threei} CHRYSLER IS REPORTEDLY INCREASING INCENTIVES FOR PURCHASES AFTER END TO LEASING PROGRAM, PROVIDING $2K CASH BACK IN ADDITION TO 6 YR, INTEREST FREE LOANS
[14:05] {Threei} {F GM}
[14:05] {esemde} 6 year interest free loans??? there nuts
[14:05] {Threei} they need to get rid of lease at this point
[14:05] {GeoArb} they are all loosing money hand over fist on leases
[14:05] {Threei} IMO, in preparation for total fleet revamping which is going to make gasoline-based cars impossible to sell
[14:05] {Threei} not really Geo
[14:05] {Threei} lease is more pfoitable for them
[14:05] {GeoArb} in fact one of them stopped leasing
[14:05] {GeoArb} right now
[14:05] {GeoArb} lemme find the article
[14:05] {Threei} all 3 actually are backing away of it
[14:05] {GeoArb} yeah
[14:05] {Threei} don't bother, I read it
[14:05] {GeoArb} heheh
[14:05] {Threei} but their abandoning lease is not based on losing money on it
[14:05] {GeoArb} credit crunch
[14:05] {GeoArb} and resale lower than projection
[14:05] {Threei} they lease you a car,
[14:05] {Threei} you come back in 3-4 years,
[14:05] {Threei} dump a car in their lap,
[14:05] {Threei} and get another one.
[14:05] {Threei} ABK 4
[14:05] {Threei} Everything worked fine while business was as usual
[14:05] {Threei} However when they are in the middle of turning their fleet into different technology
[14:05] {Threei} old cars will be unsellable
[14:05] {Threei} aand they prefer to sell it to you today and have you stuck with it
[14:05] {Threei} instead of you dumping it on them, get your new shining super-duper-nuclear-hydrogen-electric
[14:05] {Threei} and them stuck with obsolete gasolin dybosaur they can't sell
[14:05] {GeoArb} also IMO they are having difficulty in credit to pass along
[14:05] {Threei} everyone does...
[14:05] {GeoArb} i like amtrack
[14:05] {Threei} that's of less concern to them though
[14:05] {Threei} they still give you financing, right?
[14:05] {GeoArb} i am a socialist rubbing sholders with other commoners
[14:05] {Threei} need credit for that even more than for lease
[14:05] {Threei} anyone found entry on ABK?
[14:05] {GeoArb} what no socialist comment sneers?
[14:05] {GeoArb} man.....
[14:05] {lars} +.17 on ABK
[14:05] {lars} thx Vad
[14:05] {Threei} :)
[14:05] {kazaam} vad, which scanner first popped up ABK?
[14:05] {Threei} news bfore open
[14:05] {kazaam} trade the news?
[14:05] {Threei} [08:49] {Threei} ABK
[14:05] {Threei} [08:49] {Threei} SETTLES $1.4B CDO SQUARED TRANSACTION, MAKING PAYMENT OF $850M
[14:05] {Threei} [08:49] {Threei} - Company has settled one of its largest CDO exposures, AA Bespoke, in exchange for a final cash payment of $850 million to its sole counterparty. AA Bespoke is a $1.4 billion transaction that originally comprised AA rated CDO of ABS tranches, most of which have been downgraded to below investment grade since the inception of the transaction
[14:05] {kazaam} ty
[14:05] {Threei} [09:13] {Threei} abk
[14:05] {Threei} [09:13] {Threei} possible player today
[14:05] {esemde} The other thing about those interest free loans is that Gm gets there money right away anyway. Principal and interest. All they do is sell the loan to a cllection agency whom are just brutal when it comes to collecting from you.
[14:05] {Threei} trying to get a feel if ABK done or worth a bounce
[14:05] {Threei} not sure
[14:05] {kazaam} when does regular trading ""summer"" start and end?
[14:18] {peterg} hello?
[14:19] {Threei} hi
[14:19] {Threei} one made it
[14:19] {peterg} just got email with right entry
[14:19] {Threei} we sent e-mail to all members
[14:19] {peterg} good to be back.
[14:20] {peterg} what was that all about?
[14:20] {Threei} server problem at ChatSpace
[14:20] {peterg} server crash
[14:20] {peterg} ok, onwards; whats up?
[14:20] {Threei} no idea... looking around
[14:24] {peterg} server refused me entry for until it decided it liked me
[14:24] {Threei} ELN is a disaster... short on bonuses
[14:26] {Threei} no one reads e-mails I take it
[14:27] {peterg} i was corresponding with RT svs
[14:27] {Threei} yes
[14:27] {Threei} we sent mass e-maiol with new IP
[14:27] {peterg} so primed
[14:27] {peterg} i dont think i got that
[14:28] {peterg} no; didntget
[14:28] {patience} didn't get an email vad
[14:28] {Threei} sigh
[14:28] {patience} remembered to go to the RT site for the ip string
[14:28] {peterg} thats why its just you me, now patience
[14:28] {patience} sounds good, let's make all the money today :)
[14:28] {Threei} yes... it has changed, site just got updated
[14:29] {Threei} short the hell out of ELN, this thing is not done dropping... IMO
[14:30] {Threei} if we get lucky to have it bounced to 10.5 would be great
[14:31] {peterg} short at .91
[14:31] {Threei} stop over 10
[14:34] {Threei} needs better bounce
[14:35] {kazaam} thought my time ran out
[14:35] {Threei} lol
[14:35] {Threei} you got e-mail?
[14:35] {kazaam} yeah
[14:35] {kazaam} how many days do i have?
[14:36] {kazaam} once i get the email?
[14:36] {Threei} I mean e-mail with new server IP to login the room
[14:37] {kazaam} oh, yeah i got new server IP email
[14:37] {kazaam} how would i get here if i didnt get it?
[14:37] {Threei} well, there is a reserve server on our website
[14:37] {kazaam} Ohhhh
[14:37] {Threei} on trasding room page
[14:38] {Threei} you can pull it from there
[14:38] {kazaam} gotcha, spicing up summer trading i see
[14:38] {Threei} hehe
[14:41] {peterg} still likee short ELN?
[14:41] {Threei} yes... just hard to time it here, too nervous trader
[14:41] {peterg} i am a nervous trader
[14:41] {peterg} too
[14:42] {peterg} wkg on it
[14:42] {Threei} leave it alone then, it's not an easy stock
[14:45] {kazaam} when does "summer" trading end and begin?
[14:46] {Threei} mid-June - Labor day
[14:46] {Threei} usually
[14:56] {kazaam} ty
[15:04] {peterg} dcc laserdave1
[15:09] {Threei} C
[15:09] {Threei} NY ATTY GENERAL CUOMO MAY CHARGE CITIGROUP WITH FRAUD OVER AUCTION RATE SECURITIES MARKETING - CNBC
[15:09] {Threei} - Cuomo notes that the charges may ask that Citigroup buy ARS back from customer at PAR
[15:09] {Threei} - Reminder earlier this morning Citigroup disclosed the SEC had issued a formal order of investigation related to ARS
[15:10] {peterg} Memo to self: when short, do not sell to end transaction.
[15:10] {peterg} You only sell more......
[15:10] {kazaam} lol peter, i have 10 of those memos posted around my desk
[15:10] {kazaam} i guess they havent been working for me
[15:10] {peterg} u 2?
[15:12] {kazaam} i started to use only hotkeys because my memos were piling up
[15:14] {peterg} ok all calling it a day--bye kaz, laz, vad, pat
[15:14] {Threei} take care peter
[15:26] {magoo} HEY
[15:26] {patience} oh magoo!!! i missed you.
[15:26] {magoo} was here..knocked out
[15:28] {magoo} ty vad
[15:29] {laserdave1} hey mags
[15:29] {magoo} hi dave
[15:29] {Threei} what a pain
[15:29] {laserdave1} magoo
[15:29] {laserdave1} ya i know
[15:29] {Threei} chatspace had to physically relocate server
[15:29] {laserdave1} he can drive ya cooky
[15:29] {laserdave1} :)
[15:29] {magoo} i was out like hour
[15:36] {Threei} ABK looks to go over 4 once more
[15:40] {magoo} any reports after bell?
[15:40] {Threei} nothing of significance
[15:41] {Threei} ARBA is dfoing it again or what
[15:41] {Threei} runup with no news
[15:56] {Threei} OK guys, have a great weekend
[15:56] {Threei} see you on Monday
[15:56] {magoo} ok ty vad
[15:57] {Threei} dns propagation should occur till then
[15:57] {Threei} so no need in reserve server
[15:57] {Threei} but if not, use this new one
[15:58] {Threei} it posted at http://www.realitytrader.com/tradingroom/ in red letters closer to the bottom of the page
[16:01] {laserdave1} later everyone