Jul 30 2009

Carbon copy of yesterday - couple nice wins, couple small stops. Profitable and excruciatingly boring. LVS and RIMM formed the bottom line.

Session Time: Thu Jul 30 00:00:00 2009

[08:13] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:13] {Threei} - Expectations for initial claims are 575K v prior release of 554K (range seen from 539K to 630K)

[08:13] {Threei} - Continuing claims seen at 6.300M v prior 6.225M. (range seen from 6.100M to 6.400M)

[08:14] {BillyD} GM Vad

[08:14] {Threei} morning billy

06[08:14] * Threei slaps laserdave around a bit with a large greeting card

[08:16] {Threei} ARTG Reports Q2 $0.06 v $0.04e (ex items), R$44.4M v $43.8Me (4.36, 0.00, 0.00%)

[08:17] {BillyD} laserdave see dcc

[08:17] {Threei} gapping right into resistance to break on daily

[08:24] {JohnK} gm folks

[08:24] {Threei} John :)

[08:24] {BillyD} johnk:)

[08:24] {nemo} haroo

[08:26] {Threei} nemo :)

[08:26] {nemo} 3i :)

[08:30] {Threei} *INITIAL JOBLESS CLAIMS: K V 575KE; CONTINUING CLAIMS: 6.197M V 6.300ME

[08:30] {Threei} Prior jobless claims revised from 554K to 559K

[08:31] {Threei} INITIAL JOBLESS CLAIMS: 584K V 575KE

[08:42] {Threei} LVS is on watch

[08:48] {Threei} .75 is forming as resiastance to break

[08:48] {Threei} yesterday's high too

[08:49] {BillyD} they have EPS AAAAAAAAAH today

[08:49] {BillyD} AH

[08:50] {Threei} that was very emotional AH

[08:50] {BillyD} lol

[08:50] {Threei} didn't know you felt so strongly about Las vegas

[08:50] {Threei} but I share it... I am a sucker for flashing lights

[08:52] {BillyD} FITB interesting

[08:52] {fernp} good morning everybody

[08:53] {Threei} fern :)

[09:01] {BillyD} NVAX is shortable today FYI

[09:07] {ese} god morning

[09:07] {Threei} ese :)

[09:07] {ese} ahhhh good....

[09:07] {ese} although thats how i feel some mornings

[09:07] {cosmo} god is good

[09:08] {ese} and can be great some days

[09:08] {cosmo} vengeful on others...

[09:08] {ese} depending on how i;m doing in the market that day

[09:10] {ese} for instance today could be great....... i'm long mee at .41 and it's trading up on an up day

[09:11] {Threei} HIG on watch

[09:12] {Threei} temperature releif is promised over the weekend ese

[09:12] {Threei} with heat resumption on Monday

[09:12] {magoo} morning

[09:12] {Threei} magoo :)

[09:12] {larisa} gm :)

[09:12] {Threei} larisa :)

[09:12] {magoo} wat u watching? HIG for sure

[09:13] {Threei} LVS

[09:13] {Threei} FITB maybe

[09:13] {ese} thank god......being on the water and on that barge would be a killer

[09:13] {Threei} NVAX maybe

[09:14] {Threei} Vancouver had its hottest day ever yesterday

[09:14] {BillyD} Vad, MOThas a nice premkt chart and daily

[09:14] {BillyD} MOT

[09:14] {Threei} Seattle set record too

[09:14] {Threei} MOT is usually so narrow...

[09:15] {BillyD} ok, haven't really traded it

[09:15] {Threei} just look at ranges on daily

[09:15] {BillyD} ouch

[09:15] {BillyD} torture stock

[09:15] {Threei} it's over major resistance which could fuel some enthusiasm

[09:16] {Threei} but generally it's a swing trading stock, not day trading

[09:17] {dptl} good morning all

[09:17] {BillyD} hi dp

[09:17] {dino} gm all

[09:17] {Threei} dp, dino :)

[09:18] {ese} ddddddddddpppppppppp!!!!!!!! diiiiiiinoooooooooo!!!!!!

[09:20] {nemo} dino :

[09:20] {dino} :)

[09:20] {patel} good morning

[09:21] {Threei} patel :)

[09:24] {jfjf64} mornin alllllllll

[09:25] {Threei} jf :)

[09:27] {ese} TRMA.......hmmmmmm this looks good

[09:27] {ese} beats with a huge backlog

[09:29] {Threei} HIG nice pullback

[09:29] {Threei} let's see if we get opening range to break

[09:30] {Threei} Long Setup: LVS .80 break

[09:31] {magoo} in .80

[09:31] {Threei} stop under .70 for scalpers, .65 day traders

[09:32] {Threei} HIG too umpy

[09:32] {Threei} jumpy

[09:33] {ese} out mee .01 +.60

[09:34] {Threei} wtg

[09:34] {ese} tks.....i'm gonna bring should champagne over to your house randomly

[09:35] {Threei} lol

[09:35] {Threei} stop to under .70 for everyone LVS

[09:36] {Threei} FITB, pullback into 9.15 interesting

[09:37] {Threei} Long Setup: FITB .20 break if stays above .10

[09:41] {Threei} JAZZ again

[09:42] {Threei} and still no news

[09:43] {patel} got stopped on FITB

[09:43] {nemo} me too

[09:43] {Threei} hmm?

[09:43] {Threei} it never triggered

[09:43] {nemo} bought it when it looked like it was going to break .20

[09:43] {Threei} LVS 1:1

[09:43] {magoo} out .94 TY vad

[09:44] {JohnK} LVS great thx T :)

[09:44] {Threei} welcome

[09:44] {patel} i accidentally exited all instead of taking partials

[09:45] {Threei} held the stop with amazing precisaion

[09:45] {Threei} just 1 cent above it

[09:45] {Threei} 1:2 is coming

[09:47] {BillyD} I keep getting disconnected from Laser

[09:47] {BillyD} anyone else

[09:47] {magoo} others too

[09:48] {Threei} not me

[09:48] {magoo} ok me, but dave emailed

[09:49] {magoo} dave down now

[09:50] {Threei} 1:2 LVS

[09:50] {nemo} cat for short?

[09:50] {Threei} 1/4 more out, stop to .85

[09:50] {Threei} why? market is ramping up

[09:51] {ese} l mee .15

[09:51] {magoo} out fitb .26 TY vad

[09:52] {Threei} offering last portion LVS .25

[09:52] {BillyD} nice LVS VAD ty

[09:52] {Threei} welcome sir

[09:53] {_bradc} lvs very nice ty

[09:53] {Threei} :)

[09:53] {patel} nice job on LVS

[09:53] {patel} left so much on the table

[09:53] {Threei} direct hit

[09:53] {Threei} out +.44

[09:53] {ese} out mee .26 =}11

[09:54] {ese} +.11

[09:55] {Threei} HIG's irritating miss

[09:57] {wulff} crazy strong today

[09:57] {Threei} see this market doing what market does best:

[09:57] {JohnK} going for SPX 1000

[09:57] {Threei} going against expectations of majority

[09:57] {wulff} yup

[09:57] {Threei} everyone and their brothers says rally's over

[09:58] {Threei} market says, fat lady hasn't even dressed up for grand entrance yet

[09:58] {JohnK} maybe that's a clue :)

[09:58] {magoo} not magoo

[09:58] {magoo} yesterday i said R

[09:59] {jfjf64} amcs 32.00 l

[10:00] {jfjf64} amsc

[10:02] {wulff} +5.5 GS from yesterday

[10:02] {Threei} wow

[10:02] {magoo} that does it..............

[10:03] {Threei} oy

06[10:03] * magoo slaps wulff around a bit with a large trout

[10:03] {jfjf64} 1/2 half out

[10:03] {wulff} trailing stop was just hit

[10:04] {Threei} LVS big pullback

[10:04] {jfjf64} 1/4 out .41

[10:05] {Threei} Long Setup: LVS .05 break if stays above 11

[10:05] {jfjf64} last 1/4 stop at .45

[10:05] {Threei} wtg jf

[10:05] {jfjf64} stp at .65

[10:05] {Threei} most likely scalp only this time LVS

[10:05] {ese} wulff...BABY!!!!!!!!! nice!!!

[10:05] {jfjf64} stp .80

[10:06] {jfjf64} wow

[10:07] {jfjf64} stp 33

[10:07] {jfjf64} done

[10:08] {ese} l mee .33

[10:09] {ese} out mee .50 +.17

[10:10] {Threei} out LVS

[10:10] {Threei} WYNN starts retreat, don't want to stick around for formal 1 cent till 1:1

[10:14] {Threei} ENER Hearing renewed takeover chatter circulating (15.49, +0.52, 3.47%)

[10:15] {Threei} rumors or not, but breaK of .50 is lwegitimate play on ENER

[10:16] {Threei} if stays above .40

[10:17] {nemo} frickin lvs

[10:18] {magoo} out lvs .19 ty vad

[10:18] {Threei} lol mags... I don't know how you play them but the way you do has little with mine

[10:18] {Threei} little to do

[10:18] {BillyD} it's the trade idea

[10:18] {Threei} yeah, I understand

[10:19] {Threei} a lot of ways to skin a mollusk

[10:19] {magoo} i dont:)

[10:19] {BillyD} lol

[10:19] {Threei} lol

[10:19] {_matt} is that a call on ener?

[10:19] {nemo} yep

[10:19] {Threei} define call... :)

[10:19] {nemo} be nice Vad

[10:20] {Threei} what??

[10:20] {Threei} since when is it something I am expected to be?

[10:21] {nemo} ener looking more like a short

[10:21] {Threei} if it invalidates, sure

[10:22] {larisa} where do you see long or short? it is dead on low vol :)

[10:22] {magoo} rread RIMM vad?

[10:22] {Threei} there... third way to look at it :)

[10:23] {Threei} RIMM is obvious setup...

[10:23] {Threei} .80 break long

[10:25] {_matt} stop?

[10:25] {Threei} [10:16] {Threei} if stays above .40

[10:25] {Threei} or you mean RIMM?

[10:25] {_matt} on rimm

[10:25] {Threei} oh, lol

[10:25] {Threei} .60 is invalidation

[10:26] {ese} vad when your right your really right.....like you said the other day.....the market and only the market will decide when this rally is over......

[10:26] {Threei} yeah, too many predictors

[10:26] {JohnK} we are the market

[10:27] {Threei} everyione is a prophet

[10:27] {Threei} let me be one of not many who says:

[10:27] {Threei} I have no idea when this rally ends

[10:27] {Threei} I will trade what I see, day by day

[10:27] {jfjf64} boy oh boy amsc

[10:28] {ese} naz basically has another 150 pts to go....the way i see it technicaly

[10:28] {ese} but who knows

[10:28] {Threei} all those predictions and prophets... they throw their forecasts out there, and if something works they tout it

[10:29] {Threei} if it doesn't, they conviniently forget all about it

[10:30] {jfjf64} took 1.00 out of it guess sd be happy

[10:31] {Threei} u sd

[10:31] {Threei} u sd lso consdr my sgston to tpe fll wrds

[10:32] {Threei} hmm... mybe nt

[10:32] {Threei} ts fn

[10:32] {dptl} lol

[10:32] {ese} lol

[10:33] {ese} i can barely understand english as it is.....and i speak the damn language

[10:33] {JohnK} stupid ENER - took out my stop and now it's up

[10:33] {Threei} yeah, rude

[10:34] {Threei} larisa was right

[10:34] {JohnK} rude

[10:34] {nemo} about what?

[10:34] {Threei} when will learn to listen to a smart woman

[10:35] {jfjf64} amsc l 35..68

[10:35] {Threei} RIMM almost 1:1

[10:36] {Threei} out 2/3

[10:36] {Threei} stop to under b/e

[10:36] {Threei} offering the balance .20

[10:36] {wulff} had a hard stop for HGSI at .50, close one

[10:37] {JohnK} I thought that .6 had invalidated that RIMM call

[10:37] {jfjf64} 1/2 out half

[10:37] {Threei} 1 cent under on a sharp spike down?

[10:37] {Threei} not something to impact such volatile one as RIMM

[10:38] {JohnK} it went down to .54

[10:38] {Threei} 10:25, .59 low...?

[10:39] {Threei} out +.40

[10:39] {jfjf64} nice vad

[10:39] {magoo} out .17 DL

[10:39] {magoo} ty vad

[10:39] {Threei} welcome

[10:39] {wulff} hate buying those kind of obvious breaks now

[10:39] {Threei} John... where do you see .54?

[10:39] {jfjf64} all out amsc

[10:39] {magoo} +.37

[10:40] {JohnK} sorry that was at 10:17 or so - later it hit .59 as you said

[10:40] {jfjf64} +21 +19

[10:40] {Threei} oh yes, that was before the setup

[10:40] {JohnK} unfortunately, I stopped looking at it

[10:40] {Threei} doesn't count :)

[10:41] {JohnK} still learning

[10:41] {Threei} AKAM...

[10:41] {Threei} maybe recovery time

[10:42] {magoo} soon vad..been watching it

[10:42] {Threei} Long Setup: AKAM .30 if holding above .20

[10:43] {magoo} u watching HIGmiester?

[10:43] {Threei} for a bit longer hold, above .15

[10:43] {Threei} HIG, no, not really

[10:43] {magoo} well..get on it lol

[10:43] {Threei} yes sir

[10:43] {Threei} sorry sir

[10:44] {magoo} going to prinyt 18 today imo

[10:44] {Threei} right on it sir

[10:44] {magoo} awesome exit call RIMM boss..woth the monthly $

[10:44] {Threei} 18?? HIG??

[10:44] {magoo} yea

[10:45] {fernp} in AKAM

[10:45] {nemo} me too

[10:45] {Threei} GSM IPO opens for trading at $7.00 (7.12, 0.00, 0.00%)

[10:45] {Threei} Globe Specialty Metals

[10:47] {wulff} so much for oil falling

[10:48] {wulff} USO

[10:50] {nemo} stopped akam

[10:52] {jfjf64} amsc l .42

[10:53] {nemo} frickin akam

[10:54] {jfjf64} no go this time

[11:00] {patel} this AKAM is jumpy

[11:00] {patel} i waited for the longer hold on it

[11:00] {wulff} there once was a man named Obama...

[11:00] {patel} any read on it

[11:01] {Threei} the same

[11:01] {Threei} nothing really changed

[11:01] {Threei} hasn't hit a stop, hasn't reached 1:1

[11:01] {patel} yup

[11:01] {Threei} offering half at .45

[11:02] {fernp} I reloaded in .22 nice plbk with low volume

[11:03] {BillyD} nice fern

[11:06] {patel} threei give it a kick

[11:07] {Threei} I can't

[11:07] {Threei} I am trying on kinder gentlier myself today

[11:07] {patel} lol

[11:23] {cosmo} FLEX hod fwiw

[11:25] {ese} i pay attention

[11:26] {dptl} got to go....see ya guys on monday......have a great weekend :)

[11:27] {Threei} take care dp

[11:27] {fernp} bye dp have a nice weekend

[11:31] {magoo} OCR CRUSHED

[11:40] {Threei} I need a foam at my deck... lest I hit it with my chin

[11:40] {Threei} or forehead

[11:40] {patel} i know

[11:40] {patel} this AKAM is drying me insane

[11:41] {Threei} but it's not the worst actually... worst boredom is when you are trying to hit your forehead with your chin

[11:41] {patel} lol

[11:41] {Threei} or slap your nose with your ear

[11:47] {ese} now thats funny

[11:48] {Threei} US Rep Frank reportedly working on bill to subject Municipal bond issuers to more oversight (related MUNIS )

[11:54] {patel} come on AKAM

[11:54] {Threei} sigh

[11:57] {Threei} I guess we should have exited into last spike instead of being stubborn

[12:00] {ese} precarious.....alot of my daily charts are looking like topping hammers(in candlestick terms).....taking arun up and then finishing at the open or slightly above or below...hmmmmmm

[12:05] {magoo} rimm bounce vad?

[12:06] {Threei} no read here

[12:13] {nemo} still in akam vad?

[12:13] {Threei} yeah...

[12:13] {patel} same here

[12:17] {nemo} what stocks you looking at ese?

[12:22] {nemo} awake or in coma vad?

[12:22] {Threei} you know... lately it becomes hard to tewll the difference

[12:22] {nemo} whoa akamai woke up

[12:25] {patel} nemo put it on steroids for me

[12:28] {ese} zzzzzzzzzzzzzzzz gazort......skiffjit.....ganklke..........ahemmm...zzzzzzzzzzzzzzzzzzzzzz

06[12:28] * nemo tickles ese's nose with a feather

[12:28] {ese} snifff snifff.....zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

06[12:29] * nemo puts ese's hand in a bucket of warm water

[12:29] {ese} ese....quickly runs to washroom.....be back in a minute

06[12:29] * nemo snickers

[12:30] {ese} ese....realises he's been had again..........rats......i'll get even

[12:30] {Threei} you guys scare the living daylight out of me

[12:30] {ese} we .....

[12:31] {ese} we.....

[12:31] {ese} are

[12:31] {ese} a.....

[12:31] {nemo} huh? pot calling the kettle black there Vad...

[12:31] {ese} product....of your environment

[12:31] {Threei} exactly

[12:31] {nemo} speld it rong

[12:31] {Threei} I am getting opportunity to see it clearly, lol

[12:31] {nemo} Rimm vad?

[12:32] {Threei} formed .50 - .62 range

[12:32] {ese} and loving it by the way......it's fun being on this board even if i wasn't trading

[12:33] {ese} although.....??????

[12:33] {ese} the money is nice too

[12:35] {ese} L mee .23

[12:35] {ese} lets hope this qqqq is change of dierction for the day

[12:36] {ese} dierction?????

[12:36] {Threei} both

[12:36] {nemo} threeish

[12:37] {ese} indeed

[12:42] {nemo} brcm Vad

[12:43] {ese} l mee again avg price .27

[12:44] {Threei} if you went for RIMM, 1:1 was reached

[12:44] {_matt} genz read?

[12:44] {Threei} if not... why do yuo ask me about BRCM, to have another comment to ignore? {G}

[12:45] {Threei} GENZ is rather short

[12:45] {Threei} with stop above 56.10

[12:45] {Threei} but it's like 51/49

[12:46] {Threei} anyway, BRCM is rather no play at all

[12:46] {_matt} I was thinking 56.10 break

[12:46] {_matt} with 55.99 stop

[12:46] {Threei} which would be an invalidation of that short, thus legitimate long

[12:50] {patel} AKAM is like a rollercoaster

[12:50] {Threei} only very small one

[12:50] {patel} yup

[12:51] {Threei} like you go through its swings with your eyes only, not with whole body, lol

[12:52] {nemo} so, the spins when you're really drunk?

[12:52] {_matt} is akam one that you are familar with?

[12:53] {nemo} yep

[12:54] {Threei} we uaed to play it now and then if that's wat you mean

[12:55] {patel} good thing is we might get through the lunchtime slowdown

[12:55] {_matt} yes

[12:55] {patel} threei, what has your experience beenw hen a stock like AKAM is acting this way. Does it work out good for you in the end?

[12:55] {Threei} Preview: Treasury's $28B 7-year note auction results due out just after 1pmET

[12:55] {Threei} - $28B is a $1B increase from the June auction

[12:55] {Threei} - prior bid-to-cover was 2.82 pushing the average of the first 5 auctions since the Feb $22B relaunch up to 2.40

[12:55] {Threei} - indirect bidders took 67.2% of competitive bids at last auction, while 13.2% was alloted at the high

[12:55] {Threei} - the When Issued currently yields 3 basis points above the cash maket at 3.38%

[12:56] {Threei} I don't think you can generalize it like this

[12:56] {Threei} some work, some don't

[12:56] {nemo} put tbt and tlt on your screens :)

[12:57] {Threei} you can get stopped and think why didn't I dump it when it stalled for so long

[12:57] {Threei} or you may dump it and then watch it rocketing and think why did I ever sell it, it never tagged my stop

[12:58] {Threei} attempts to outguess the market and avoid all undesirable outcomes are akin to attempts to trade with no losses

[12:58] {Threei} which is is a pipe dream

[12:59] {Threei} AAPL Reportedly researchers have found a security vulnerability in Apple iPhone that allows hacker to take over the handset by sending an SMS message to the phone

[12:59] {Threei} oh good

[12:59] {jfjf64} l jpm .72

[12:59] {Threei} if I stick to electornic cigarette, will I ever see a day when hackers take it over?

[13:01] {nemo} they must have liked the auction, tbt just tanked

[13:01] {Threei} TREASURY'S $28B 7-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.63 V 2.82 PRIOR AND 2.40 OVER THE LAST FIVE

[13:02] {jfjf64} 1/1 out

[13:02] {Threei} indirect bidders take 62.5% of competitive bids

[13:02] {Threei} notes draw 3.369% with 91.7% alotted at the high

[13:03] {Threei} Wynn Resorts LTD CEO: More afraid of Washington than the economic situation; Encore Macau is on schedule and on budget - conf call

[13:03] {Threei} - Cost savings began to have an impact in Q2; not planning any more payroll cuts; cost cuts in Las Vegas saving approx $100M/year

[13:03] {Threei} - follow up: CEO comments that WYNN is bidding for a license in New York.

[13:03] {jfjf64} s jpm .82

[13:03] {Threei} More afraid of Washington than the economic situation - no kidding

[13:09] {_matt} thanks jfj64 out +.05 on jpm, do you follow this stock?

[13:10] {jfjf64} nope

[13:10] {jfjf64} just bored range play off bolli

[13:11] {Threei} GENZ worked on both sides, lol

[13:11] {jfjf64} tight stop

[13:11] {Threei} 1:1 on short, over 1:1 on long

[13:12] {_matt} :)

[13:12] {jfjf64} i sd of grabbed 5 cents on short still sittin with it

[13:13] {magoo} read hig vad

[13:13] {BillyD} you in magoo

[13:13] {magoo} no..flat here

[13:13] {magoo} watching hig..rimm..akam

[13:14] {Threei} couple moves between .90 and 17, and HIG will become interesting for a break

[13:16] {_matt} could that be a possible cup and handle forming on hig?

[13:18] {jfjf64} jpm is gonna explode

[13:19] {larisa} 39 res

[13:19] {jfjf64} just gut feelin

[13:20] {jfjf64} .90break long

[13:21] {Threei} HIG start looking like maybe

[13:21] {patel} is break of 17 a alert

[13:21] {Threei} yeah

[13:21] {jfjf64} got the look also somethin brewin

[13:21] {ese} Out MEE .53 +.27......outta here for the day all see you tomorrow......have a rehearsal for the symphony splash here in victoria to prep for...take care

[13:21] {patel} stop below .90

[13:22] {patel} nice job ESE

[13:22] {fernp} bye ese

[13:22] {ese} thanks P

[13:22] {dino} tbt crushed on auction

[13:22] {nemo} yeah, dropped right after it hit the tape

[13:23] {jfjf64} hig gettin there

[13:24] {jfjf64} in

[13:25] {jfjf64} aggresive entry for me see what happens

[13:25] {nemo} hope it isn't like my aggresive fitb entry this morning

[13:25] {jfjf64} stop 5 cents vad

[13:25] {jfjf64} me too nemo

[13:25] {Threei} 5 cents?

[13:26] {Threei} there is no support at .95

[13:26] {larisa} 16.90 tech support HIG

[13:26] {Threei} right

[13:26] {jfjf64} yup let me change that ty

[13:27] {nemo} akamai, what a tease

[13:27] {jfjf64} jpm invalid here

[13:27] {jfjf64} comon hig big push ya want it

[13:27] {nemo} c u tomorrow

[13:28] {larisa} bye ne

[13:28] {patel} bye nemo

[13:30] {jfjf64} here we goooooooooo

[13:31] {patel} magnet to 17

[13:32] {jfjf64} once it gets pass 17 she sd go

[13:32] {jfjf64} how long that gonna take dont knoww

[13:35] {_matt} is hig a call that you are going to trade?

[13:37] {Threei} I don't understand matt

[13:37] {Threei} you like - you take

[13:37] {Threei} what does it matter to you who else is going to do it?

[13:38] {magoo} sheesh..give new kid a break lol

[13:39] {Threei} did you get any?

[13:39] {magoo} now if that was nemo.well

[13:39] {Threei} and look how well you turned out, my son

[13:39] {magoo} whats it matter if i got any HIG?

[13:40] {_matt} trying to clarify if they are trades that you are calling or answering question like when I asked about genz

[13:40] {Threei} I get it... I just am not sure why it matters :)

[13:41] {Threei} ultimately, any trade decision comes to individual choice

[13:41] {Threei} either you like the trade, it fits in your prfoile so to speak,

[13:41] {Threei} your objectives, risk tolerance etc

[13:42] {Threei} type of the movement

[13:42] {Threei} or not

[13:42] {dino} the vad "disclaimer", :)

[13:42] {Threei} it matters not whether someone else goes for it or not

[13:42] {_matt} from your website i know you go over a certain thought process and am just learning

[13:42] {Threei} in trading there is no reward for being part of the group or being against the group

[13:43] {_matt} the tendancies of your trading style while developing my own

06[13:43] * magoo slaps laserdave around a bit with a large trout

[13:43] {Threei} yes.. but the thought process is the same whether stock came up on a scanner, or someone asked abotu it or I stumbled over it while surfing through usual suspects

[13:43] {Threei} all of that serves as just an initial point,

[13:43] {Threei} stock is being brought to attention

[13:44] {Threei} Then it's just a chart evaluation

[13:44] {Threei} all sources are equal except one:

[13:44] {_matt} and you normally do not trade when the market is sideways, so if this is a call then i can further understand how you trade

[13:44] {Threei} when magoo brings a stock to my atention I tend to lower my odds {G}

[13:45] {Threei} let's say, I am more picky

[13:45] {Threei} less aggressive

[13:45] {magoo} that does really does it...............

[13:45] {Threei} doesn't mean I don't trade at all

06[13:45] * magoo slaps Threei around a bit with a large trout

[13:46] {Threei} you could notice I decrease activity when morning rush is over

[13:47] {_matt} definitely, the reason why I am curious about hig is because the market strength and a possible formation of cup and handle because of that

[14:07] {jfjf64} s amex .46 trigger here

[14:22] {jfjf64} out amex even

[14:24] {jfjf64} vad tk read ggc anythin

[14:26] {jfjf64} crazy spread

[14:29] {Threei} shrug

[14:30] {jfjf64} what all in coma

[14:30] {Threei} GGC is certainly not the stock to make me come out of coma

[14:33] {Threei} AKAM... is it for real... or am I dreaming

[14:34] {jfjf64} go bk to sleep

[14:35] {Threei} ok... but I am out AKAM

[14:37] {jfjf64} im stalkin cof 31

[14:38] {jfjf64} in .99

[14:40] {jfjf64} 1/1

[14:40] {jfjf64} half out

[14:41] {BillyD} thx JF for scalp

[14:42] {jfjf64} all out

[14:42] {jfjf64} +10 +7

[14:42] {jfjf64} welcome bd

[14:44] {jfjf64} vadd hig 17 ya lk

[14:44] {Threei} no

[14:44] {Threei} it's tired

[14:45] {magoo} i have apptmrt..see u tomorrow TY

[14:45] {jfjf64} looks it

[14:45] {BillyD} wait

06[14:45] * BillyD slaps magoo around a bit with a large trout

[14:45] {Threei} lol

[14:45] {Threei} take care mags

[14:45] {BillyD} mags rubs off on me

[14:46] {Threei} I wish you wouldn't give me this image

[14:47] {BillyD} it was impulsive move....don't know what happen

[14:47] {BillyD} LVS keeps trudging along

[14:49] {magoo} :)

[14:49] {jfjf64} good night all

[14:50] {BillyD} cya jf

[14:52] {Threei} take care jf

[14:59] {Threei} BCRX got seriuosly hit today

[15:02] {Threei} US Treasury's Wolin: Reiterates bulk of stimulus to arrive within 6 months; US still has a long way to go before growth in the economy\

[15:05] {_matt} is the afternoon more exciting in the fall?

[15:06] {Threei} all trading is, not just afternoons

[15:06] {Threei} afer labor day activity picks up

[15:07] {Threei} LVS is back to high

[15:07] {BillyD} almost tokk .21

[15:07] {Threei} MGM too

[15:08] {BillyD} don't look at AKAM

[15:10] {patel} yes i defiintely wont

[15:10] {patel} they took me out at 16.14

[15:11] {Threei} I looked. It hurt.

[15:12] {Threei} as jf would say, sd hv listnd to u

[15:22] {Threei} LVS and MGM move independently of market

[15:23] {Threei} my guess was they followed WYNN, but no, not really

[15:29] {Threei} maybe bounce scalp worthy off .20

[15:34] {Threei} WYNN Wedbush Morgan Cuts WYNN to Hold from Buy (timing uncertain

[15:35] {Threei} shrug

[15:35] {Threei} killjoy

[15:35] {wulff} which .20

[15:36] {Threei} never mind that

[15:36] {Threei} thought of LVS

[15:37] {dino} taking off, back on the 10th. good luck all

[15:37] {BillyD} enjoy dino

[15:37] {larisa} have a great vaction :)

[15:37] {larisa} +1

[15:37] {Threei} have fun dino

[15:37] {larisa} +a

[15:37] {larisa} lol

[15:38] {dino} ty all

[15:38] {fernp} enjoy dino

[15:43] {larisa} do we have time to close negative for a day ? :)

[15:43] {Threei} of course

[15:43] {Threei} 17 minutes more

[15:44] {Threei} just 85 points to go

[15:44] {Threei} wow WYNN

[15:44] {_matt} negative from open

[15:53] {Threei} won't happen... closing in green

[15:54] {Threei} but finish is suspicious

[15:54] {wulff} yup

[15:54] {_matt} :O can you elaborate on suspicious

[15:55] {Threei} sharp drop into close, not really looking good for uptrend continuation

[15:55] {_matt} thank you

[15:56] {Threei} too early to judge but this is gfirst alarm bell

[15:59] {Threei} okay guys, let's call it a day

[15:59] {Threei} thank you all, have a good evening

[15:59] {Threei} see you tomorrow

[15:59] {_matt} good calls today

[16:00] {larisa} bye

Jul 29 2009

With nice WFC and NVAX wins and couple small stops we continue both streaks - one of moderate steady profits and one of boredom. Being offered a choice between being bored with profits and being entertained with losses, what would I choose... hmmm

Session Time: Wed Jul 29 00:00:00 2009

[08:20] {Threei} AGEN is trying again

[08:23] {nemo} morning

[08:24] {Threei} nemo :)

[08:24] {nemo} or as magoo would say gninrom

[08:27] {Threei} BLTXX Baltic Dry Bulk Index +0.7% (3rd straight increase)

[08:28] {BillyD} gm Vad

[08:28] {Threei} Billy :)

[08:29] {Threei} these bios spiking out of nowhere on no news become irritating

[08:30] {BillyD} AGEN has eps before mkt open tomorrow

[08:30] {nemo} crap stocks moving is not a healthy market

[08:30] {Threei} JUNE DURABLE GOODS ORDERS: -2.5% V -0.6%E; DURABLES EX-TRANSPORTATION: 1.1% V 0.0%E

[08:30] {Threei} Prior Durables revised from +1.8% to 1.3%

[08:31] {Threei} (US) Fed's Dudley: The economic contraction is waning, sees moderate growth in the second half of 2009; concerned Fed's exit will be "very, very premature"

[08:32] {Threei} AVII at least has some resemblense opf news

[08:32] {Threei} what dod JAZZ have?? :)

[08:32] {Threei} aside of cool name

[08:33] {cosmo} showtime?

[08:33] {Threei} EFUT Works With Microsoft to Provide Standardized POS-ERP System in China (8.40, 0.00, 0.00%)

[08:34] {Threei} system will integrate Microsoft Windows Embedded POSReady 2009 into eFuture''s POS-ERP Store Operation System. Leveraging eFuture''s nationwide retail customer base and Microsoft''s worldwide reputation will allow eFuture to deliver a reliable and seamlessly integrated POS solution to companies throughout China.

[08:34] {Threei} POS solution eh

[08:40] {cosmo} POS response, it seems

[08:58] {JohnK} gm folks

[08:59] {Threei} john :)

[09:04] {magoo} morning

[09:04] {nemo} gninrom

[09:04] {Threei} magoo :)

[09:05] {fernp} good morning everybody

[09:06] {magoo} is laser down?

[09:06] {BillyD} no

[09:07] {Threei} fern :)

[09:07] {magoo} weird, took me 3 trys

[09:08] {larisa} good morning :)

[09:10] {Threei} Yahoo! Inc CEO: Pact with MSFT will help provide healthy cash flow moving foward, agreement is a "game changer"

[09:10] {Threei} - Deal only covers search and search business operations; will provide a strong Number 2 player in search field

[09:10] {Threei} - Deal will not cover display ads or other areas of Yahoo's business

[09:10] {Threei} - Best element of deal will be its ability to bring scale to the market

[09:10] {Threei} - Reiterates that MSFT's focus will be on search technology

[09:10] {Threei} - Follow up: See Rev levels coming down a bit on the action as some actions will be shared. Has the option to use MSFT tech on mobile platforms, mobile relationship is not exclusive.

[09:10] {Threei} larisa :)

[09:10] {larisa} :)

[09:12] {Threei} (US) PIMCO's El-Erian: July equities rally is a "sugar high"; Not seeing long-term, sustainable demand return yet; reiterates it is too soon to say the recession is over - CNBC

[09:12] {Threei} - notes there is a limit to how high we can "float up" on public debt.

[09:12] {Threei} - mostly reiterates his comments from yesterday.

[09:15] {ese} good morning

[09:15] {Threei} ese :)

[09:15] {nemo} hey ese

[09:15] {ese} morning boys.....and larisa.......

[09:16] {larisa} ty ese for not calling me "larry" thing :)

[09:16] {nemo} hehehehe

[09:16] {dino} gm all

06[09:16] * Threei hands larisa frozen trout and points at nemo with his eyes

[09:17] {nemo} hey Dino

[09:17] {Threei} dino :)

[09:17] {ese} your welcome.......

[09:17] {ese} dino

06[09:17] * nemo crawls in cave, closes door, pulls blanket over head

[09:17] {cosmo} try lari nemo

[09:18] {nemo} hi lari!

[09:18] {dino} :)

[09:18] {cosmo} oops...

[09:18] {larisa} lol

[09:18] {Threei} csomo, contributing to creation of a monster

[09:18] {cosmo} self man eh

[09:18] {cosmo} self made that is

[09:19] {ese} drys reports tomorow...

[09:19] {Threei} nothing shapes up cleanly so far

[09:20] {cosmo} ALVR should hold 4.30 imho

[09:21] {cosmo} 4.50 pre mkt high fwiw

[09:24] {jfjf64} mornin all

[09:25] {Threei} jf :)

[09:26] {patel} good morning traders

[09:26] {Threei} patel :)

[09:28] {magoo} ELRN up on news vad

[09:29] {Threei} Elron Electronic Industries Ltd. Receives Formal FDA Clearance to Market Its Insulin Micropump in the United States

[09:29] {Threei} - Medingo intends to introduce the Solo MicroPump at the American Association of Diabetes Educators Meeting which will take place in August 2009 in Atlanta, U.S.A.

[09:29] {Threei} innovative, miniature, tube-free, insulin delivery system

[09:31] {ese} mee taking off

[09:31] {nemo} fcx croaking

[09:33] {magoo} BAC nuts vads

[09:33] {Threei} yeah

[09:33] {Threei} no fresh news

[09:33] {magoo} AIG pop

[09:33] {Threei} ELRN is really nuts

[09:34] {Threei} WFC...

[09:34] {Threei} let's see if there is a play here

[09:35] {magoo} lets watch CAT too

[09:36] {Threei} Long Setup: WFC .35 if holding above .20

[09:37] {Threei} if you prefer aggressive entry, stop is still under .20

[09:37] {Threei} Long Setup: CAT 42 break if holding above 41.90

[09:39] {Threei} WFC almost 1:1

[09:39] {Threei} half out

[09:39] {Threei} 1:1 with no almost

[09:39] {Threei} scalpers be happy

[09:39] {JohnK} out of WFC thx T :)

[09:40] {Threei} daytraders take half, trail stop... routine

[09:40] {Threei} John :)

[09:40] {jfjf64} cat

[09:41] {Threei} CAT confirms observation from a day or two ago:

[09:41] {nemo} here it comes

[09:41] {Threei} all invalidations can be faded for a very high percentage of winning trades

[09:42] {nemo} sorry Vad, thought you were gonna' make a joke...don't know why I thought that

[09:42] {JohnK} is the CAT trade still valid?

[09:42] {nemo} dead

[09:42] {Threei} kidding john?

[09:42] {JohnK} thought so

[09:42] {cosmo} don't count on it nemo

06[09:42] * nemo slaps JohnK around a bit with a large daytrading course

[09:42] {JohnK} it's early sorry :)

[09:43] {Threei} let's see:

[09:43] {ese} l mee .11

06[09:43] * nemo slaps JohnK around a bit with a large Master Profit Plan

[09:43] {Threei} [09:37] {Threei} ... if holding above 41.90

06[09:43] * nemo slaps JohnK around a bit with a large scalping course

[09:43] {Threei} WFC stop for the balance to under .40

[09:44] {ese} out mee .16 =}05

[09:44] {ese} +.05

[09:45] {Threei} FITB

[09:45] {Threei} on a verge of break on daily

[09:45] {ese} L mee .20

[09:46] {ese} out mee .34 +.14

[09:49] {cosmo} sqnm

[09:50] {patel} if WFC can take out .64

[09:50] {patel} which was yesterday's high

[09:52] {tomg} cat

[09:54] {ese} ya well yere got yer market not keeoperatin......how da ya expect ta work in dem dare conditions

[09:54] {ese} l mee .15

[09:55] {patel} thanks for WFC, vad :)

[09:55] {Threei} sure

[09:55] {_matt} nice call on wfc thank you

[09:55] {ese} out mee .21 +.06

[09:55] {Threei} welcome matt

[09:56] {magoo} BAC does even blink

[09:57] {Threei} and no news of any significance in financial sector

[09:58] {wulff} HGSI new daily high

[09:58] {Threei} eeck

[09:58] {Threei} missed it

[09:59] {wulff} me too

[09:59] {wulff} .60 support

[09:59] {Threei} spiked into 15 anyway, I wouldn't buy such trigger

[10:00] {wulff} swing maybe

[10:02] {wulff} here, please drop

[10:03] {Threei} (US) Treasury's Geithner: Will continue to take prudent interest in global economy (related EUR/USD )

[10:03] {Threei} huh?

[10:03] {ese} l hgsi .15

[10:04] {ese} out hgsi .20 +.05

[10:06] {ese} out hgsi .20 +.05

[10:06] {ese} opps sorry

[10:07] {fernp} out WFC ty Vad

[10:07] {Threei} :)

[10:07] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:07] {Threei} **consensus expectations:

[10:07] {Threei} Crude: -1Me

[10:07] {Threei} Gasoline: -600Ke

[10:07] {Threei} Distillate: +1Me

[10:08] {Threei} US Labor Dept: June unemployment increased in all 372 survey areas of the US on y/y basis

[10:09] {Threei} watching BAC and HGSI for pullback entry

[10:10] {ese} L mee aggressive entry .47

[10:11] {Threei} IMMU Hearing renewed takeover chatter circulating (435.50, -4.35, -0.99%)

[10:12] {BillyD} wanted HGSI in the .80's

[10:12] {wulff} the 1980's?

[10:13] {BillyD} 14.80's

[10:13] {Threei} Long Setup: BAC .65 if stays above .59

[10:14] {BillyD} break .65 or hit it

[10:14] {Threei} hit

[10:15] {magoo} in bacon

[10:16] {ese} out mee .54 +.07

[10:17] {nemo} rimm vad

[10:18] {chiro} Bac stop ? .59?

[10:18] {nemo} yep

[10:18] {Threei} formally .58

[10:19] {nemo} just had a visual of Vad in a tie

[10:19] {chiro} ty

[10:19] {Threei} RIMM, double bottom try would be .30 break

[10:19] {Threei} with .15 stop

[10:20] {Threei} no worky BAC

[10:20] {ese} stld

[10:21] {ese} smaller loss but not good enough getting smoked

[10:21] {jfjf64} rimm stop ??

[10:21] {Threei} [10:19] {Threei} with .15 stop

[10:21] {Threei} wake up guys

[10:23] {Threei} HGSI is still holding up there

[10:24] {jfjf64} i sleein i guess ya in hgsi yet

[10:25] {wulff} in .18

[10:27] {_matt} on wfc this morning it spiked way up while hitting the entry, would it be a consideration for selling into the fast buying action?

[10:28] {_matt} with volume

[10:29] {Threei} you mean after triggering?

[10:29] {Threei} or coming into trigger?

[10:29] {_matt} coming into triggger it hit it, i got in and it went to .46 on the same 1 min candle

[10:30] {Threei} *DOE CRUDE: +5.15M V -1ME; GASOLINE: -2.31M V -600KE; DISTILLATE: +2M V +1ME

[10:31] {Threei} such spikes often signal exhaustion, yes

[10:31] {Threei} to take scalp or partial out is kind of personal preference

[10:32] {_matt} I was going to partial but scalped with that price action, do you indicate when you intend to partial or scalp?

[10:32] {Threei} usually yes

[10:33] {Threei} sometimes I forget

[10:33] {Threei} most oftenb if there is no indication, it's for your discretion,

[10:33] {Threei} and if I feel strongly one way or another, I say "not a scalp for me"

[10:34] {Threei} or "just a scalp"

[10:34] {_matt} it seems that when you partial it gives you a risk free way of taking advantage of a possible big move

[10:35] {Threei} true, buit the downside is a chance of profits evaporating

[10:35] {Threei} tradeoffs...

[10:35] {Threei} everything is a compromise

[10:36] {_matt} you mention that summer is slow, does the fall offer more trades or just more readable due to increased volume?

[10:36] {Threei} both

[10:37] {BillyD} FITB strong

[10:37] {_matt} ty

[10:38] {Threei} sure

[10:38] {dino} sm l snda .05

[10:42] {Threei} Market Internals update at 10:30amET

[10:42] {Threei} - NYSE volume 240M shares, about 13% below its three-month average; decliners lead advancers by 2.2:1.

[10:42] {Threei} - NASDAQ volume 510M shares, about 8% below its three-month average; decliners lead advancers by 1.9:1.

[10:42] {dino} nvax

[10:42] {Threei} my best guess is, we are about to see rally resumption

[10:43] {Threei} BCRX too

[10:43] {Threei} what the deuce

[10:46] {magoo} u usually have good feel on mkt / rally call vad

[10:49] {ese} l mee .37.....real crappy fill......

[10:50] {nemo} get out ese

[10:50] {nemo} :)

[10:52] {patel} u wathcing any thing

[10:54] {ese} out mee .53 +.16

[10:54] {nemo} rockin' on mee today ese

[10:55] {ese} tks

[10:55] {Threei} last pullback, then break, looks like

[10:55] {fernp} gj ese

[10:55] {nemo} on what vad?

[10:55] {Threei} market

[10:55] {nemo} what symbol is that...duh

[10:55] {ese} that was a nice one with 6k

[10:55] {BillyD} is BAC candidate

[10:56] {Threei} WFC is better one

[10:56] {BillyD} yes

[10:56] {Threei} and RIMM

[10:57] {Threei} NVAX ultimately lost its mind

[10:57] {BillyD} who? hehe

[10:59] {nemo} nice one Dino

[11:00] {Threei} Update: CDC vaccine chief: pandemic flu vaccine could be ready in the US by September (related SNY GILD NVAX BCRX )

[11:02] {chiro} HGSI 14.97

[11:02] {dino} got lucky

[11:02] {nemo} BS

[11:02] {chiro} only if i sell for profit

[11:03] {nemo} dcc Dino

[11:04] {Threei} okay, in case rally resumption materializes:

[11:04] {Threei} Long Setup: WFC .77 if stays above .65

[11:04] {magoo} magoo looks up 2 words there in pictionary

[11:04] {Threei} sorry mags

[11:05] {Threei} didn't mean to overtask your capacity... it's nemo's fault

[11:05] {nemo} how's that?

[11:05] {Threei} no idea but it just must be

[11:05] {BillyD} by default nemo it seems

[11:06] {nemo} you can't blame somebody who is here. You have to blame somebody who isn't so they can't defend themselves

[11:06] {magoo} CAT could be candidate lord vader

[11:06] {Threei} dp, you here?

[11:07] {Threei} tough one mags

[11:07] {magoo} 'only as tough as u make it:)

[11:07] {Threei} there... it's dp's fault

[11:07] {Threei} you got a break nemo

[11:08] {magoo} i still blame nemo

[11:09] {Threei} nothing prevents us from blaming both of them actually...

[11:10] {Threei} and dino goes on vacation soon...

[11:10] {magoo} lazy slackers

[11:10] {ese} l mee .43

[11:10] {magoo} 20k?

[11:11] {ese} 3

[11:11] {nemo} DPWFL Mags...

[11:11] {magoo} HUH?

[11:12] {Threei} see?

[11:12] {Threei} at least my words you will find in vocabulary

[11:12] {chiro} hgsi -.15

[11:13] {nemo} Disgruntled Postal Worker Fantasy List

[11:14] {magoo} oh roflol..i was clueless..i ighnored all of your posts yesterday

[11:14] {Threei} yesterday?

[11:14] {nemo} what makes yesterday unlike any other day

[11:15] {ese} out mee .37 -.06

[11:15] {ese} daaaaaaaaa!!!!!!!

[11:15] {Threei} WFC is on a verge of being invalidated

[11:15] {magoo} bears will prolly make an attempt to squash mkt ...but will fail..and vads rally will hit

[11:16] {BillyD} puitting up a fight though

[11:16] {Threei} that's my story so far mags

[11:16] {Threei} sticking to it until proven otherwise

[11:16] {Threei} and trying to get a feel for NVAX... done or resting before another rocket

[11:18] {magoo} u just better get it right, i will be loading the boat if u get my drift

[11:19] {Threei} no pressure eh?

[11:19] {magoo} im serious..BIG shares if IF

[11:19] {magoo} so even a dime will kill me

[11:19] {BillyD} lol

[11:19] {Threei} WFC invalidated for now

[11:20] {nemo} so, it's a short?

[11:20] {magoo} billy, he works best when i moltivate him:)

[11:20] {nemo} :)

06[11:20] * Threei slaps magoo around a bit with a large anti-motivating device

[11:22] {nemo} yeah, but that rash never goes away

[11:22] {magoo} u just focus he he

[11:22] {Threei} NVAX is too volatile for such precision as dime

[11:23] {Threei} just a fair warning

[11:24] {Threei} IACI CEO: We can compete in search, this is still a very dynamic, growing area of the internet - conf call

[11:24] {Threei} Bing is definitely an improvement over Microsoft's previous attempts at search.

[11:24] {Threei} - "Some people out there refer to IACI as #3 in search."

[11:24] {Threei} well... some people think I can sing

[11:26] {nemo} yeah, but they're deaf

[11:26] {Threei} that's my point

[11:27] {Threei} Long Setup: NVAX .95

[11:27] {Threei} stop under .80

[11:27] {Threei} risky as hell

[11:27] {Threei} and if triggers,

[11:27] {Threei} Long Setup: BCRX

[11:27] {Threei} right here

[11:27] {Threei} stop under .30

[11:28] {nemo} what was right here?

[11:28] {Threei} it's still right here

[11:29] {magoo} futes still rotting

[11:29] {Threei} I don't think this couple cares much about them at this point

[11:31] {Threei} they have their own momo that either continues or dies down

[11:32] {Threei} NVAX if works, not a scalp for me

[11:32] {Threei} will try to partial

[11:33] {Threei} next spike should take it into 1:1

[11:35] {magoo} vad, keep eye on HGSI

[11:35] {Threei} can't

[11:35] {Threei} one on NVAX, one on BCRX, third in comaa

[11:36] {Threei} there... 1:1 NVAX

[11:36] {Threei} half out

[11:37] {Threei} stop to undr .90 for the balance

[11:40] {Threei} hurry up BCRX, your turn

[11:41] {patel} i was away from my desk what was the entry in BCRX

[11:41] {Threei} .39 - .40

[11:41] {ese} i smell more money in mee once this shakeout is done

[11:41] {Threei} but it's a complemetary play to NVAX

[11:43] {Threei} Attention: NVAX stop for the balance to under .95

[11:44] {Threei} mags, are you breathing over there?

[11:45] {Threei} next partial exit for NVAX is .22

06[11:46] * Threei slaps magoo around a bit with a large defibrillator

[11:47] {magoo} yea

[11:47] {Threei} just making sure you are partialling out... you know, the best way to get killed is to go for a kill

[11:48] {Threei} ok, next leg up is coming

[11:50] {Threei} here it is

[11:50] {Threei} direct hit

[11:50] {Threei} 1/4 more out

[11:50] {Threei} stop to .99

[11:51] {fernp} nice call Vad

[11:51] {nemo} wish you hadn't said "Risky as hell"

[11:51] {nemo} :)

[11:52] {Threei} well, it is

[11:52] {nemo} yep

[11:53] {Threei} look at the high so far

[11:53] {Threei} .23

[11:53] {Threei} is that a precision on exit or what

[11:53] {Threei} okay, your chpices on last portion:

[11:53] {Threei} stop under 5,

[11:54] {Threei} either exit into spike over .30, most likely closer to .40

[11:54] {Threei} or continue trailing it

[11:54] {Threei} I'll give trailing levels as it goes

[11:59] {magoo} which?

[11:59] {magoo} as i run for cover lol

[11:59] {Threei} which what?

[11:59] {magoo} good one:)

[11:59] {Threei} who?

[12:00] {Threei} don't overtax my mental capacity

[12:00] {Threei} it has been seriously tested earlier this morning when wife asked "2 eggs or 3?"

[12:01] {fernp} lol

[12:03] {Threei} thank you fern

[12:04] {Threei} youare about the only one who maintains my dignity, even with mercy laugh

[12:04] {fernp} here I am whenever you need me :)

[12:05] {Threei} thank you

[12:05] {Threei} now, my revenge for jf:

[12:05] {Threei} http://www.realitytrader.com/photography/2009/07/canadian-snowbirds.html

[12:10] {Threei} done with NVAX and stopped on BCRX

[12:10] {Threei} and guess who is on TV

[12:11] {larisa} nice pics. we had mama with 6 baby racoons last year, every evening they walked the perimeter of our property and hanged like apples from the trees for hours. very funny

[12:12] {Threei} they are funny until they fight for food... then they are vicious :)

[12:13] {BillyD} great photos Vad

[12:13] {Threei} ty

[12:13] {patel} nice pix

[12:13] {BillyD} did you take them?

[12:13] {BillyD} hehe

[12:13] {Threei} sigh

[12:20] {Threei} WFC

[12:20] {Threei} forming .60 - .70 range

[12:20] {Threei} not taking this break right away

[12:20] {Threei} I'd prefer more consolidation

[12:21] {Threei} break right now is very likely to turn out a trap

[12:24] {Threei} 75% Favor Auditing The Fed

[12:27] {ese} those of you that worked nvax.......good job....it's takin off again

[12:28] {BillyD} Vad, is WFC ready this time if breaks .70

[12:29] {Threei} it's retreating while market moves up

[12:29] {BillyD} your photos are really nice, was kidding

[12:29] {Threei} not liking it very muxch

[12:29] {BillyD} ok

[12:29] {Threei} I know... don't take my grumpiness seriously :)

[12:29] {Threei} no one does

[12:30] {BillyD} Yeah, I don't....good entertainment

[12:30] {Threei} which makes me even grumpier

[12:30] {Threei} Preview: Treasury's $39B 5-year note auction results due just after 1PM ET

[12:30] {Threei} - $39B auction size is an increase of $2 from June

[12:30] {Threei} - prior bid-to-cover ratio 2.58 with an average of 2.20 over the last 10 auctions

[12:30] {Threei} - indirect bidders took 62.8% of competitive bids at last auction

[12:30] {Threei} - with 23.4% alloted at the high at last auction

[12:30] {Threei} - When Issued notes currently offer a yield roughly 3 basis points above the cash market at 2.62%

[12:39] {dino} pega

[12:40] {Threei} we again are locked in 20 points range

[12:47] {Threei} 13 min till auction results

[13:01] {Threei} TREASURY'S $39B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO: 1.92 V 2.58 PRIOR AND 2.20 AVG OVER THE LAST 10 AUCITONS

[13:03] {chiro} RIMMM...ndl

[13:03] {chiro} yhoo

[13:03] {chiro} sry...

[13:05] {Threei} market disliked auction results

[13:05] {Threei} but we are still in that same narrow range

[13:12] {Threei} (US) President Obama: Best case scenario would be a vote on healthcare bill in late September or early October (related IYH )

[13:13] {Threei} US) Reportedly leader of House fiscal conservative Democrats ("Blue Dogs") says agreement has been reached on the healthcare bill

[13:13] {Threei} - Reportedly the markup of the bill will resume later today.

[13:13] {Threei} - Notes that full House will vote on the bill in September, says the White House is on board with plan.

[13:30] {Threei} WFC - another confirmation of "fade the invalidation"

[13:33] {patel} we watching anything

[13:33] {Threei} not finding anything to watch

[13:35] {fernp} YHOO is not dropping with market

[13:36] {Threei} .40 is resistance to break for it

[13:45] {nemo} Mmmhhhh...why's the $ so strong?

[13:55] {magoo} vad, u watching bac wfc for bounce if mkt resumes?

[13:55] {Threei} I guess

[13:58] {magoo} sigh

[14:00] {Threei} Fed's Beige Book:Economic decline has moderated;

[14:00] {Threei} reporting extremely soft labor markets; lending activity stable in some districts

[14:01] {Threei} - Residential real estate market still soft

[14:01] {Threei} - upward price pressures are minimal

[14:25] {ese} hellooooooo bayyyyyyyyyba.....as elvis would say

[14:26] {nemo} wtf you wake me up for!!!

[14:26] {ese} was visiting the other side........

[14:26] {ese} of my computor that is.....

[14:27] {ese} gonna have to get that program for macs where you can operate windows from the mac side

[14:28] {ese} elvis is watching nemo........don't forget that

[14:31] {wulff} in HIG

[14:31] {fernp} VMware is the program, ese

[14:31] {fernp} http://www.vmware.com/products/fusion/

[14:36] {nemo} how's the coma Vad?

[14:37] {larisa} too deep to answer :)

[14:37] {nemo} thanks Lari

[14:38] {larisa} yw

[14:38] {Threei} sigh

[14:40] {nemo} Amazing, that bad auction, tbt skyrockets, then plummets ack to range

[14:40] {nemo} back

[14:42] {BillyD} why did we wake up today

[14:42] {Threei} come on... WFC and NVAX plays were not worth it?

[14:42] {BillyD} did not take either.....not my preference

[14:42] {Threei} well...

[14:43] {BillyD} why did you call WFC when mkt was still selling?

[14:43] {BillyD} what did you see

[14:43] {Threei} because it was setting up long while market was selling...

[14:44] {BillyD} it seems it's pattern has been hit or miss...some days yes with some days no

[14:44] {nemo} trout him Vad

[14:44] {BillyD} reason for my pass

[14:45] {larisa} BIlly, did you take HGSI on 14.80 pullback like you wanted though? it was nice one for 20 cents.

[14:46] {nemo} she's so sunshiny

[14:46] {larisa} earlier today. I used your alert, so ty :)

[14:46] {BillyD} I did not take it...don't remeber why

[14:47] {larisa} was a bit slower then we'd like on pullback, but support did hold

[14:47] {larisa} but i agree slow day

[14:48] {BillyD} my whole pt before vad jumped in....lol

[14:48] {BillyD} that guy........

[14:48] {larisa} lol

[14:48] {nemo} trout him Billy

[14:49] {ese} Thanks fern....will look into that

[14:49] {larisa} nemo provocator

[14:49] {Threei} 'cause I take sever umbrage in suggestion I don't earn my keep - while I hit weeks' long winning streak in THIS swamp {G}

[14:49] {Threei} and nemo....

[14:49] {BillyD} lol

[14:49] {nemo} what?

06[14:49] * Threei unholsters the trout

06[14:50] * nemo crawls into cave...closes door...pulls blanket over head

06[14:50] * nemo grabs teddy bear

[14:50] {Threei} okay then... but holster is still unbuttoned

06[14:50] * nemo opens draw...pulls out colt python .357

[14:50] {BillyD} gotta keep nemo at bay with constant threat

06[14:51] * Threei slaps nemo around a bit with a large solid frozen trout, fins sharp

[14:53] {nemo} the double whammy, physical abuse and psychological damage from fratricie

[14:53] {nemo} fratricide

[14:53] {Threei} that's how we do things...

[14:54] {nemo} I'm calling PETA on you

[14:55] {Threei} they'll make me watch their ads with girls in swimming suits? oh horror

[14:56] {nemo} Depends on the women...I think Rosanne Barr is in the latest

[14:56] {larisa} she lost a lot of weight lately

[14:59] {Threei} things I learn here...

[14:59] {larisa} wow, just noticed oil prices

[15:12] {Threei} Long Setup: USO .50 break if stays above .35 - half lot

[15:13] {ese} Vad are you coming to the Symphony Splash on Sunday.....my High School band is playing on the barge from 4pm to 6 pm

[15:13] {Threei} saw the program ese

[15:13] {Threei} sorry, won't be coming myself

[15:13] {Threei} too many people, too hot... and I have guests out of town who hate all those things

[15:14] {ese} ahhhh ok

[15:14] {BillyD} lol

[15:14] {Threei} good luck with p;erformance

[15:14] {Threei} I am sure your guys will do fine

[15:15] {ese} http://victoriasymphony.ca/concerts/splash/index.html here is the website everyone.....very cool show for my kids to be doing

[15:15] {Threei} cool kids too

[15:15] {ese} tks

[15:17] {ese} anyway....am down to the Symphony offices now.....see you tomorow

[15:17] {Threei} take care ese

[15:17] {ese} see ya vad

[15:20] {nemo} Ha! just noticed the Qs are up today...whooda' thunk

[15:21] {dino} why would they be up?

[15:21] {nemo} I don't know

[15:22] {dino} strange

[15:22] {nemo} not by much, but they are

[15:23] {Threei} EBAY Reportedly working on software to replace Skype; founders of Skype theaten to make underlying technology unavailable

[15:23] {Threei} - Founders of Skype accuse EBAY of violating licensing agreement

[15:23] {Threei} Congressman Barney Frank: "cram down" rules may be brought back if lenders do not modify more mortgages

[15:25] {dino} something about barney and cram down that i'm not liking

[15:25] {nemo} hehehe

[15:26] {Threei} [14:59] {Threei} things I learn here...

[15:26] {Threei} but LOL

[15:29] {BillyD} Vad, still interested in USO

[15:29] {nemo} didn't break .35

[15:30] {nemo} c u 2 morow

[15:30] {BillyD} no, but day gets shorter

[15:30] {nemo} when's sunset :)

[15:30] {BillyD} in 30 min

[15:30] {BillyD} hehe

[15:30] {Threei} I think so billy

[15:31] {BillyD} ty

[15:31] {Threei} has a good chance of jump for a scalp on end of day covering

[15:33] {Threei} USU To Pursue Discussions on Loan Guarantee

[15:33] {Threei} - requesting that the Obama administration review further the economic recovery and national and ene... (3.78, -0.27, -6.67%) more...

[15:34] {Threei} requesting that the Obama administration review further the economic recovery and national and energy security benefits of providing a loan guarantee for the American Centrifuge Plant in Piketon, Ohio. This announcement comes in response to the U.S. Department of Energys (DOE) request that USEC withdraw its application for loan guarantee funding.

[15:34] {_matt} did you get uso?

[15:34] {Threei} it triggered... why not?

[15:40] {Threei} Harvard's Feldstein: Obama health care reform program will cost in excess of $1T - CNBC (related IYH BBH PPH )

[15:41] {_matt} my bad

[15:41] {patel} USO needs a little kick

[15:42] {Threei} little?

[15:44] {Threei} let's tighten stop to under .40

[15:44] {Threei} time's getting tight

[15:44] {Threei} even with half lot, no point in struggling too much

[15:48] {Threei} stop to under .45

[15:48] {Threei} {--- extra-stingy

[15:49] {BillyD} nah, just prudent

[15:49] {Threei} the laughter of people who know me well is deafening

[15:51] {Threei} out

[15:51] {Threei} whatever

[15:51] {Threei} it would be unamerican profit anyway

[15:52] {BillyD} as long as USD

[15:52] {Threei} okay guys, thank you all

[15:52] {Threei} have a good evening, see you tomorrow

[15:53] {BillyD} cya

[15:53] {larisa} bye

[15:53] {fernp} bye

Jul 28 2009

Nice, slow and steady. Another winning day, with one stop and a few wins on RIMM both directions and AIG long. Gotta sail through the summer in a slow but steady boat.

Session Time: Tue Jul 28 00:00:00 2009

[06:48] {_roxy} GM

[08:16] {Threei} BLTXX Baltic Dry Bulk Index +2% (second straight gain

[08:17] {Threei} Good morning

[08:17] {BillyD} Vads

[08:17] {BillyD} Vad :)

[08:17] {Threei} DRYS got ligitimate reason to continue... let's see if it uses it

[08:17] {Threei} roxy, billy :)

[08:32] {nemo} market not looking to kindly at the auctions this week?

[08:34] {Threei} I am not sure auctions is such a huge part of market engine at this point

[08:34] {Threei} just one of pieces of the puzzle

[08:47] {Threei} BCRX fell of a cliff

[08:47] {Threei} JAZZ on the other hand...

[08:48] {_roxy} how do i make the font bigger?

[08:48] {Threei} don't make it color please

[08:48] {nemo} "You can have any color you want as long as it's black"

[08:49] {Threei} who uses mibbit, can you help?

[08:49] {_roxy} sorry

[08:49] {nemo} Whoa! "Zimbabwe Share Trading Value Surges"

[08:50] {Threei} finally

[08:50] {nemo} All's right with the world...

[08:51] {cosmo} we might even be using their currency soon...

[08:51] {nemo} thought we were

[08:52] {cosmo} hmmm ....checking

[08:52] {fernp} good morning everybody

[08:52] {Threei} fern :)

[08:53] {fernp} CTRL + "+" increase the font in all browsers

[08:54] {Threei} ty fern

[08:54] {fernp} :)

[09:00] {Threei} *MAY CASE SHILLER HOME PRICE INDEX: 139.84 V 139.18 PRIOR; COMPOSITE-20 Y/Y: -17.06% V -17.90% PRIOR

[09:02] {Threei} CFTC's Gensler: Agency is not seeking to end specualtion in fiancial markets

[09:02] {Threei} rofl

[09:03] {Threei} as if financial markets could even exist without speculation

[09:03] {cosmo} why are they gonna do that?

[09:03] {Threei} the very fact that they have to say this speaks volume of how this administration is seen

[09:04] {cosmo} volumes

[09:04] {Threei} them too

[09:05] {JohnK} GM folks

[09:05] {jfjf64} mornin

[09:05] {Threei} John :)

[09:05] {Threei} jf :)

[09:11] {Threei} still nothing on JAZZ on news wires

[09:15] {magoo} gninrom

[09:15] {Threei} oogam ):

[09:15] {nemo} redrum

[09:18] {dino} gm all

[09:18] {Threei} dino :)

[09:18] {nemo} onid

[09:18] {ese} good morning

[09:18] {nemo} ese

[09:18] {Threei} ese :)

[09:18] {nemo} can't do much with ese

[09:19] {Threei} lol

[09:19] {ese} alright what did i miss?

[09:20] {nemo} the boat

[09:20] {nemo} rofl

[09:20] {ese} can't dis agree with that..........

[09:23] {magoo} :)

[09:23] {magoo} doesnt take much in this room :)

[09:23] {nemo} use yesterday as an example...Hey Mags, ever figure out how to display a stock on a chart!

[09:24] {Threei} BAC Reported company is not planning to reduce US branches by 10%, refuting WSJ report

[09:24] {cosmo} why are they gonna do that?

[09:25] {Threei} AVII Update: AVI BioPharma and Action Duchenne Team Up to Support Advancement of PMO-Based Therapeutics for Treatment of Duchenne Muscular Dystrophy

[09:25] {nemo} they get to keep customer money if there's no way for them to get it out

[09:25] {cosmo} ah

[09:27] {Threei} guess what I've got for the open

[09:27] {BillyD} DRYS

[09:27] {nemo} nada, zilch, zed

[09:27] {Threei} nemo takes the price

[09:27] {Threei} prize

[09:27] {nemo} that's the third one I've won, and you've never sent me anything

[09:27] {BillyD} give'em the holster prize vad

[09:27] {Threei} I sent you my best wishes

[09:28] {nemo} you can't give me a pat on the back because of your permanently dislocated shoulder

06[09:28] * nemo slaps BillyD around a bit with a large trout

[09:28] {BillyD} ARIA a nice little candidate vad

[09:28] {Threei} but there is always trout...

[09:28] {Threei} AVII too

[09:28] {BillyD} lol

[09:28] {patel} good morning

[09:28] {Threei} patel :)

[09:29] {Threei} IMF: Needs of emerging markets (ex China) could be in range of $1.3T to $2.0T over the next decade (related EUR/USD CE4FX )

[09:29] {nemo} dcc BillyD

[09:30] {BillyD} got it

[09:30] {nemo} heheh

[09:30] {nemo} e

[09:30] {BillyD} :)

[09:30] {texus} gm

[09:30] {Threei} texus :)

[09:32] {Threei} Long Setup: AVII .50 break if stays above .40

[09:34] {Threei} ARIA got traction

[09:34] {dino} veco, evvv

[09:34] {Threei} pullback under .20 should be interesting for entry

[09:35] {JohnK} avii still valid?

[09:35] {Threei} nah

[09:35] {nemo} that was quick on aria

[09:35] {nemo} catch it vad

[09:35] {Threei} yeah

[09:35] {Threei} me no

[09:35] {nemo} coma?

[09:35] {jfjf64} jazz

[09:35] {Threei} sudden jump, no range established

[09:36] {magoo} jazz going hard

[09:37] {texus} sso

[09:37] {Threei} NVAX Hearing analysts at Stansberry Research making positive comments in the name (timing uncertain) (4.15, -0.08, -1.89%)

[09:37] {texus} oops, don't pay attention to that..

[09:37] {jfjf64} avii .35 vad

[09:37] {Threei} nah

[09:38] {Threei} and still no any news on JAZZ

[09:38] {Threei} wth

[09:38] {patel} AVII, stil valid

[09:38] {Threei} no

[09:39] {Threei} for it to become valid again, we want it to touch near .50, pull back, hold .40

[09:39] {Threei} returhn to .50 and break

[09:39] {Threei} so that range gets reestabilshed

[09:43] {magoo} good pllbk jazz

[09:44] {jfjf64} hig

[09:46] {Threei} watching AIG

[09:46] {BillyD} lol...just pulled up

[09:46] {Threei} for range 13 - 13.10 to hol;d and break

[09:48] {magoo} rimm bounce vad?

[09:48] {Threei} Long Setup: AIG 13.10 break if holding above 13

[09:48] {Threei} kind of a bit too wide range here mags

[09:50] {Threei} Long Setup: HIG .70 break if stays above .60

[09:51] {magoo} read on jazz vad?

[09:51] {Threei} none

[09:52] {Threei} RIMM become more interesting

[09:53] {Threei} Long Setup: RIMM 77.15 break

[09:53] {Threei} if stays above 77

[09:53] {Threei} not even break, just .15

[09:54] {Threei} still valid

[09:54] {dino} veco s .79, stop .01

[09:55] {Threei} in

[09:55] {nemo} in

[09:56] {magoo} ni

[09:56] {Threei} come on NASDAQ, little help

[09:56] {fernp} consumer confidence in 4 min, vad

[09:56] {Threei} I bet it will be good

[09:57] {larisa} 77.19 res has to clear

[09:57] {Threei} yeah, bumping into it time and again

[09:58] {Threei} not a scalp for me

[09:58] {Threei} intend to partial if it goes

[09:58] {Threei} first partial above .30

[09:58] {dino} bstopto .68

[09:58] {dino} stopped +.11 cov

[09:58] {Threei} okay... let's go RIMM

[09:59] {dino} cmg

[09:59] {Threei} out 1/2 .39

[09:59] {Threei} *JULY RICHMOND FED MANUFACTURING: 14 V 8E

[09:59] {Threei} - prior revised from 6 to

[09:59] {Threei} - no revisions (related SPY SHY )

[09:59] {BillyD} RIMM finally

[09:59] {JohnK} good trade RIMM T thx

[09:59] {Threei} :)

[10:00] {Threei} JULY CONSUMER CONFIDENCE: 46.6 V 49.0E

[10:00] {BillyD} I hit RIMM when it hit .15 the first time and got stopped and then took it again

[10:00] {jfjf64} market turns over

[10:00] {Threei} good manufacturing not good confidence

[10:00] {Threei} shrug

[10:00] {nemo} that consumer confidence wil hit it a bit

[10:00] {Threei} it's a wash AFAIC

[10:01] {nemo} what's AFAIC?

[10:01] {Threei} had 1/4 for sale at .55, too greedy I guess

[10:02] {nemo} be interesting to see if things get stagnant until 1:00

[10:02] {Threei} 11:30] {Threei} AFAIC, HIG is valid setup here

[10:02] {Threei} [11:30] {nemo} afaic?

[10:02] {Threei} [11:30] {Threei} as far as I am concerned

[10:02] {Threei} [11:31] * Threei slaps nemo around a bit with a large vocabulary of Internet abbreviations

[10:02] {Threei} that was yesterday

[10:03] {Threei} memory span of a day trader? {G}

[10:03] {nemo} I remember, and you still haven't told me

[10:03] {BillyD} lol

[10:03] {Threei} [10:02] {Threei} [11:30] {Threei} as far as I am concerned

[10:03] {Threei} that was 1 min ago

[10:03] {nemo} ty

[10:03] {nemo} fyvm

[10:03] {jfjf64} simple vad simple

[10:04] {nemo} I just figured it was your bastardized typing for AFLAC!!!

[10:04] {BillyD} IMMU strong

[10:07] {BillyD} FYI...JAZZ is shortable if loses momo

[10:10] {jfjf64} hgsi any thoughts

[10:11] {Threei} HGSI... drop into .50 will be inetresting,

[10:11] {Threei} or alternatively,

[10:11] {Threei} if holdong .70, break of the high

[10:11] {dino} sm l snda .25

[10:12] {jfjf64} ty also watchin txt

[10:14] {ese} this just is not my type of trading day......I canna find nuttin

[10:14] {jfjf64} weird day

[10:14] {Threei} we just got too used to uptrend

[10:14] {BillyD} something will come up

[10:14] {Threei} takes a few to re-tool

[10:15] {jfjf64} correct

[10:15] {Threei} whoa

[10:15] {dino} out .55 snda +.30

[10:15] {ese} this looks to me like the end of the 10/11 day market run.....gotta correct sometime

[10:15] {Threei} what kind of typing is that?

[10:15] {jfjf64} dont force

[10:15] {Threei} korreqt is right spelling

[10:15] {nemo} Eqzaktly

[10:15] {Threei} there

[10:17] {dino} veco sm s .12

[10:17] {nemo} rimm Vad, setting for short?

[10:17] {Threei} I'd like to see a meaningful bounce first

[10:18] {nemo} if market stays weak might not get it

[10:18] {jfjf64} mas

[10:18] {nemo} touching the BB average

[10:22] {dino} cov veco .90, +.22

[10:22] {Threei} Short Setup: RIMM .80 break if stays below .95

[10:22] {ese} stalking STLD......nice daily chart again

[10:23] {ese} butting up against 2/3 month highs

[10:27] {ese} l stld .95

[10:27] {magoo} any read HIG vad?

[10:27] {ese} lousy fill

[10:27] {Threei} not really mags

[10:28] {magoo} wfc held

[10:31] {dino} snda sm l .20

[10:31] {Threei} die already RIMM

[10:34] {Threei} this is too much like work, lol

[10:35] {BillyD} st leats it is working in your favor

[10:35] {Threei} RIMM 1:1

[10:35] {BillyD} at least

[10:35] {Threei} covering half

[10:35] {JohnK} out of RIMM thx T again :)

[10:35] {Threei} me still greedy

[10:35] {Threei} welcome John

[10:36] {Threei} new low... bidding 1/4 more .52

[10:37] {Threei} okay... 1/4 left, stop just above .80

[10:37] {BillyD} Vad, AIG again

[10:37] {nemo} why wouldn't you set stop at old support of .68?

[10:37] {BillyD} as I typed

[10:38] {Threei} ugh... 13.10 break was AIG's trigger

[10:38] {Threei} missed it completely, mesmerized by RIMM

[10:38] {wulff} TY rimm

[10:38] {Threei} sure

[10:38] {Threei} nemo, for RIMM you mean?

[10:39] {nemo} yes

[10:39] {jfjf64} sleepin on job comonnnnnnnnnn

[10:39] {wulff} took .72 late, but worked out

[10:39] {Threei} I will, as soon as it loses .50

[10:39] {Threei} just want to respect its natural volatility and not trail too soon

[10:39] {nemo} ahh

[10:43] {Threei} Attention: RIMM stop to above .70

[10:43] {Threei} looking to cover under .40

[10:43] {nemo} would it be setting up for another short here?

[10:44] {Threei} .50 break?

[10:44] {Threei} if establishes new resiatance closer to it...

[10:44] {nemo} yeah, as long as it respects the trend line?

[10:44] {Threei} like this .65 for instance

[10:44] {Threei} volume shapes up right

[10:44] {Threei} just higher risk

[10:45] {Threei} rubber band is getting stretched more and more

[10:45] {Threei} and snapback odds are on increase

[10:45] {nemo} yes

[10:45] {BillyD} good comment Vad

[10:45] {nemo} brownnoser

[10:46] {Threei} out last portion

[10:47] {Threei} I have a lot of those Billy,, it just takes me a lot to find right keys...

[10:47] {Threei} or keyboard as a whole

[10:47] {nemo} ask him about his shoulder billy?

[10:48] {BillyD} maybe he needs an easy button for health purposes

06[10:48] * Threei hands Billy a frozen trout and points toward nemo with his eyes

06[10:49] * BillyD slaps nemo around a bit with a large trout

06[10:49] * nemo crawls in cave, closes door, pulls blanket over head

[10:49] {BillyD} too late nemo

[10:49] {BillyD} hehe

[10:49] {ese} l stld avg price .93

[10:49] {nemo} I ever tell you about my "Disgruntled Postal Worker Fantasy List"?

[10:50] {nemo} By the way Vad, I prefer sturgeon

[10:52] {ese} Disgruntled Postal Worker Fantasy List"?????? your deep man deep!

[10:53] {nemo} What's so deep...It's my ranked revenge list. Some names in pencil, some names in pen

[10:56] {ese} Ranked Revenge List?

[10:56] {nemo} Yeah...it's the italian in me

[10:57] {ese} Nobody would think think that stuff up nemo.......you have to be thinking on another plain man....funnny

[10:58] {dino} cracking me up nemo

[10:58] {nemo} I actually see it as a spiritual mission, in a warped sort of way

[10:58] {ese} thats what i mean by deep......

[10:58] {nemo} I will be helping their souls transition to the next life

[10:59] {ese} whatever your purpose is on this planet.....go for it baby go for it!

[10:59] {Threei} newspaper ad will say: Nemo - curing of life

[11:01] {ese} "you too can become Nemo's next disgruntled Postatl worker"......apply here

[11:01] {nemo} What a way to make a living

[11:01] {ese} i'll say

[11:04] {wulff} Really....RIMM

[11:04] {nemo} yeah

[11:04] {wulff} really?

[11:04] {magoo} AIUG

[11:04] {magoo} AIG

[11:05] {patel} was AIG still valid?

[11:05] {magoo} no

[11:13] {dino} veco s .50, stop .66

[11:14] {Threei} Long Setup: AIG .55 if stays above .45

[11:14] {Threei} Long Setup: RIMM .15

[11:14] {Threei} if stays above 76

[11:16] {BillyD} AIG invalidated?

[11:16] {Threei} AIG revision: .50 break long

[11:16] {Threei} if holding .40

[11:16] {BillyD} ty

[11:18] {chiro} stop on AIG?

[11:18] {Threei} [11:16] {Threei} if holding .40

[11:18] {chiro} ty

[11:18] {dino} veco stopped

[11:22] {Threei} all this storm in a shotglass happens within lousy 15 points NQ

[11:23] {Threei} time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over

[11:25] {Threei} RIMM no worky this time

[11:33] {patel} we need AIG to get over 13.55

[11:33] {Threei} move your behind AIG

[11:33] {jfjf64} buyyyyyyyyyyyyyyyyyyyyyyyyy

[11:33] {Threei} control yourself young man

06[11:34] * Threei shows jf controlling device with fins, ready for a slap

[11:37] {jfjf64} 1/1 all out

[11:37] {jfjf64} ty vad

[11:37] {Threei} sure thing

[11:47] {dino} cpla

[11:51] {jfjf64} pcar l 32 break

[11:56] {jfjf64} no wk

[11:58] {jfjf64} anythin ya watchin vad for bounce or ya in coma

[11:59] {Threei} yes but don't let it bother you - I am always in it

[11:59] {Threei} wouldn't dare to trade in any other state

[11:59] {_matt} read on rimm?

[11:59] {jfjf64} never it is what it is

[12:00] {jfjf64} lol

[12:00] {Threei} not right now matt, things are too narrow,

[12:00] {Threei} but there is something to watch for:

[12:00] {Threei} it forms resistance at 76,

[12:01] {Threei} if it forms nice tight support within 15 cents of it over 10-15 minutes, it will become a long on 76 break

[12:01] {_matt} thanks

[12:02] {chiro} BCRX bounce?

[12:02] {Threei} not yet, but on watcgh...

[12:02] {Threei} how did ya know

[12:03] {Threei} Just 23% Believe Health Care Costs Will Go Down if Reform Passes Congress

[12:03] {Threei} good news is, just 23% live in lala land

[12:07] {magoo} any read CAT vad?

[12:08] {Threei} feels ready for reversal but no setup to hang my hat onto here...

[12:08] {larisa} for me was short at .20 with .30 stop :)

[12:08] {Threei} forammly .15 is long trigger, but chart isn't fully ready yet for that

[12:08] {Threei} when larisa?

[12:09] {larisa} 12:01

[12:09] {Threei} before it went under 42 or after?

[12:09] {Threei} oh, I see

[12:09] {larisa} no, just now

[12:09] {larisa} scalping here

[12:09] {Threei} right... that setup played out already

[12:09] {Threei} unfortunately magoo won't accept answer about past ones :(

[12:10] {larisa} usually his questions come right with the setup

[12:10] {larisa} this is why I reacted:) he was a bit late

[12:10] {larisa} or early for long :)

[12:11] {magoo} jazz back

[12:11] {chiro} long bcrx at .03

[12:14] {dino} .

[12:15] {chiro} out 1/2 ....+.10

[12:17] {Threei} chiro :)

[12:17] {Threei} there... CAT is 1:1 from the entry I haven't called

[12:17] {larisa} lol

[12:18] {magoo} i took yournon call tho'

[12:18] {Threei} lol

[12:18] {magoo} in .11

[12:18] {larisa} right off support, nice

[12:19] {chiro} out rest .24....you've taught me well, Master

[12:19] {Threei} cool, I may fall deeper in the coma

[12:20] {Threei} you guys just listen to that little threei over your shoulder

[12:20] {Threei} (make sure he is sober)

[12:20] {fernp} lol

[12:28] {magoo} out cat .31

[12:31] {magoo} any read JAZZ here lord vader?

[12:31] {Threei} .10 break with stop under 7

[12:31] {Threei} chances of working are 50/50

[12:31] {Threei} but stop is small

[12:31] {magoo} dont just make something up lol

[12:31] {Threei} and tyou want to get in anyway

[12:32] {Threei} so may just as well give you more or less safe structure :)

[12:36] {magoo} whats your "feel" AIG vad..as in done or another burst coming?

[12:37] {Threei} I would watch it for setup with .60 break

[12:38] {magoo} so why dont u lol

[12:39] {Threei} mostly because I am totally focused on the sun reflection on the wall... it's fascinating, really..

[12:39] {Threei} it's moving ever so slowly...

[12:43] {larisa} your charts are spiky today ?

[12:43] {Threei} no... looks ok

[12:43] {larisa} k

[12:45] {Threei} ESLR

[12:45] {Threei} Evergreen Solar Inc In Cooperation with Export-Import Bank of United States, Offers Low-Interest Loans for Solar Projects Outside of United States

[12:45] {Threei} - announced it is working with the Export-Import Bank of the United States (Ex-Im Bank) to provide attractive low-interest financing for solar projects using Evergreen Solar panels outside of the United States. The program is intended to spur the export of U.S.-made renewable energy products and is part of a mandate in Ex-Im Banks Congressional Charter. Currently, Evergreen Solar customers have almost 90MW of projects in varying stages of the loan application process with Ex-Im Bank.

[12:45] {Threei} - For example, a solar project using $10M of Evergreen Solar panels would receive up to $8.5M in financing for the purchase of the solar panels and up to $3M to cover installation, design, engineering, inverting, racking and other installation-related expenses. Ex-Im Bank currently offers a 4.9% fixed interest rate over an 18-year period for solar installations outside of the United States.

[12:46] {Threei} is this a joke:

[12:46] {Threei} Economist Robert Shiller Surprised By Rise In Case-Shiller Index - WSJ (related IYH )

[12:48] {larisa} the one, that predicts home prices

[12:48] {larisa} i think

[12:48] {Threei} yeah but...

[12:48] {Threei} well, I think the matter is, Case designed the rising part of the index while Shiller - dropping one

[12:48] {Threei} sho it rises - Shiller is surprized... it dreops - Case is

[12:49] {magoo} sounds more like penn and teller desuigned it

[12:50] {Threei} I wanted to say LOL mags, but then changed my mind - noone even smiled to my joke, and it was funnier than yours

[12:50] {Threei} (I think)

[12:53] {Threei} server hiccup?

[12:54] {nemo} drinking again?

[12:54] {larisa} not for me

[12:54] {fernp} test

[12:54] {Threei} looks like mibbit

06[13:01] * nemo elbows sleeping Va

[13:01] {nemo} VAD

[13:01] {Threei} *TREASURY'S $42B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.75 V 3.19 PRIOR AND 2.58 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} indirect bidders take 33% of competitive bids

[13:02] {nemo} not good

[13:02] {Threei} notes draw 108% with 21.59% alotted at the high

[13:03] {nemo} not much of a reaction yet

[13:04] {Threei} because in all honety, no one knows how to interpret them {G}

[13:04] {larisa} I thought i am the only stupid one :)

[13:04] {nemo} actually climbing

[13:06] {nemo} $ actually climbing, Resource stocks dropping

[13:11] {magoo} dip buyers return gfrom martini lunch

[13:11] {jfjf64} fcx damm missed

[13:15] {BillyD} any news to cause this spike?

[13:15] {BillyD} or just psychosis

[13:16] {larisa} can it be both? :)

[13:16] {BillyD} sure

[13:17] {jfjf64} cat ??

[13:18] {jfjf64} hig vol pkin up

[13:20] {Threei} JAZZ, stubborn buying

[13:21] {Threei} mags, you in still?

[13:22] {magoo} yea

[13:22] {Threei} not even partial at 1:1

[13:22] {Threei} ?

[13:23] {magoo} waiting .26

[13:24] {magoo} howabout RIMM vad?

[13:24] {Threei} no read

[13:26] {magoo} i thought u like cross of 76?

[13:26] {Threei} sheesh

[13:26] {Threei} kidding? :)

[13:27] {magoo} i took that

[13:27] {Threei} sigh

[13:27] {magoo} huh?

[13:27] {Threei} go away :)

[13:27] {magoo} im confused

[13:28] {Threei} as if you don't know, I'd never buy such sharp spike into resistance

[13:30] {larisa} how about its run from 75.60 and pullback exactly half way to 75.90, do not like this setup too? { just trying to wake you up}

[13:31] {Threei} I do... but I am really unclear on why you would want to wake me up

[13:32] {nemo} now that's dumb

[13:32] {larisa} caz lately it is becoming my favorite setup, want to share :)

06[13:32] * larisa slaps nemo around a bit with a large trout

[13:32] {Threei} by all means

[13:32] {nemo} I'm talking about Vad's comment

[13:32] {larisa} lol

[13:32] {larisa} sorry

[13:32] {Threei} nemo commented, what's the word nowadays... "stupidly"

06[13:32] * nemo ponders Larry's name on the DPWFL????

06[13:33] * nemo pencil or pen?

[13:33] {nemo} yeah, they're having a beer tonight. Poor Crowley is being set up for Grandstanding

[13:33] {Threei} yeah

[13:33] {Threei} but a lot of damage is done anyway

[13:34] {nemo} to Crowley, not to Gates

[13:34] {Threei} no

[13:34] {Threei} up to t-shirts saying 'I am with Stupidly",

[13:34] {larisa} so vad admit, that 76 cross on RIMM kinda make sense {a bit late entry}

[13:34] {Threei} or "Stupid is as Stupdily does"

[13:35] {nemo} I think I might have to get one of those

[13:35] {Threei} nope... not to me

[13:35] {nemo} you're a ruscanuck

[13:35] {nemo} I live right in the middle of this taurine excrement

[13:36] {Threei} guess who is on tv

[13:36] {nemo} George Bush?

[13:37] {Threei} you wish

[13:40] {larisa} vad you ever watch intraday what stock does on longer timeframe when looking for trade, or it is 1 min always?

[13:42] {Threei} no, i have daily chart for each of them as well

[13:43] {Threei} want to see where it is in a bigger picture

[13:43] {larisa} k

[13:43] {Threei} just to illustrate something,

[13:44] {Threei} look at JAZZ daily for the, let's say 6-7 months

[13:44] {Threei} quite something, right?

[13:44] {larisa} yeah

[13:45] {Threei} or IMMU

[13:45] {Threei} obviously I will take such play quite differently from DRYS

[13:46] {Threei} even though they are in the same price range

[13:46] {Threei} Fed's Yellen: Fed will not repeat mistakes in 60s and 70s where the Fed lost containment of inflation; now is not the right time for rate hikes

[13:55] {magoo} AMZN vad

[13:58] {Threei} looks like market is trying to do just what I said

[14:01] {Threei} CAT

[14:01] {Threei} watching for bounce off this pullback,

[14:01] {Threei} ideally closer to .70

[14:01] {ese} i'm back.......

[14:02] {ese} can't remember what you said vad?

[14:02] {Threei} first strength from here CAT

[14:02] {ese} bounce off pullback

[14:03] {Threei} [11:23] {Alert} Threei time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over

[14:04] {ese} tks

[14:04] {ese} is it just as hat over at your place as it is here.......

[14:04] {ese} hot

[14:04] {Threei} I think so

[14:05] {ese} brutal here..... over 30 cel

[14:05] {ese} and our new tennants are moving in tomorow in the house next door

[14:06] {ese} am going back and forth...back and forth

[14:08] {patel} watching anythign vad

[14:08] {Threei} Fed's Yellen: No double dip recession forecasted; Fed's continuance of Treasury purchases an 'open question' (related TLT SHY IEF )

[14:08] {Threei} CAT

[14:09] {Threei} (US) CFTC's Gensler: Recent reports of revisions to report on swap dealers was "premature," study found speculators had no major impact on run up in oil prices

[14:09] {Threei} - Note that overnight, the WSJ published an article stating that the CFTC plans to suggest speculators have played a role in the big swings in oil prices recently. This would have been a reversal of an earlier CFTC position.

[14:11] {_matt} are you in cat?

[14:11] {Threei} took .75

[14:11] {_matt} nice

[14:11] {Threei} this is so to speak unofficial alert

[14:11] {Threei} meaning,

[14:11] {jfjf64} .77 grrr to penny grrr

[14:12] {Threei} if you understand how to pay it, go ahead, comments I made are enough for you

[14:12] {Threei} if they are not - stay away

[14:15] {chiro} 3i, when you have a play like BCRX at 10.02, after locking in 1:1, how do you manage the rest of the trade?

[14:15] {Threei} most often:

[14:15] {Threei} sell half, trail stop to undcer breakeven,

[14:15] {Threei} sell 1/4 at 1"2

[14:15] {Threei} trail stop under 1:1

[14:16] {Threei} the decided between exiting into next spike or trailing

[14:17] {chiro} ...thnk u

[14:17] {Threei} sometimes therer are variations

[14:17] {Threei} depending on stock's strength, market strength, initial risk

[14:17] {Threei} but the way I described is routine

[14:21] {_matt} is that a cup and handle on cat?

[14:28] {ese} ohhhhhhh....mmmmyyyyyyy...god!!!!! get on with it for crying out loud....STLD...L .93 looking for more

[14:28] {Threei} kind of, yeah matt

[14:32] {Threei} HIG

[14:33] {Threei} watching for pullback

[14:33] {Threei} wasn't sure about 15 break... too bad

[14:33] {BillyD} the .01 offer was the key on it

[14:34] {BillyD} even hesitated then

[14:34] {Threei} well... hard to bring oneself to buy breakouts at this time of the day

[14:34] {BillyD} true

[14:35] {chiro} HGSI....the beast (if ur short) that won't die

[14:35] {Threei} BCRX also

[14:36] {ese} out stld .11 +.18

[14:37] {magoo} any read AMZN vad

[14:37] {Threei} no... stalking HIG

[14:38] {chiro} woot!!...scalped a .05 from IMMU....that was tedious

[14:41] {jfjf64} what thought process hig vad

[14:41] {Threei} I am flattered jf

[14:41] {jfjf64} lol

[14:41] {nemo} he thinks you think

[14:42] {Threei} yep... and that makes me feel flattered

[14:42] {Threei} but... dive to or just under 15

[14:42] {Threei} for entry

[14:42] {nemo} you talkin' hig

[14:44] {ese} ok everyone....off to do some painting......see you all tomorow......

[14:44] {Threei} take care ese

[14:44] {Threei} 15 crossback

[14:44] {jfjf64} ?? hig

[14:44] {ese} see ya vad.........

[14:45] {Threei} with stop under the low it makes now before crossing back

[14:45] {Threei} this is "can take a few tries" type

[14:46] {jfjf64} lk thought process nice

[14:47] {Threei} you arwe interesting tyhpe jf... you like something that does not exist

[14:52] {Threei} a bit too far from 15 now

[14:52] {Threei} I'd look for another consolidation and trigger point

[14:52] {jfjf64} your call big guy

[14:53] {wulff} +1.35 RIMM

[14:53] {Threei} did he just call me fat?

[14:53] {Threei} wtg wulff

[14:53] {jfjf64} ya too funny

[14:53] {wulff} TY in at 75.60

[14:58] {Threei} BCRX feels bounce ready

[15:01] {Threei} market is still weak

[15:02] {jfjf64} hgsi

[15:03] {chiro} .another painful .08 from IMMU

[15:03] {Threei} we can feel your pain

[15:03] {Threei} feel free to share it with us

[15:04] {jfjf64} grrrrrrrrrrrrrrrrrr

[15:08] {_matt} what are you thinking on bcrx

[15:09] {Threei} they all just jumped

[15:09] {Threei} BCRX, HGSI

[15:09] {Threei} no clean setup

[15:09] {Threei} S&P publishes June performance update on US Subprime RMBS

[15:09] {Threei} - As of the June 2009 distribution date, total delinquencies were 42.87%, 51.62%, and 48.40% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. When compared with the May 2009 distribution date, delinquencies increased by approximately 1.07% for the 2005 vintage, 2.48% for 2006, and 1.00% for 2007.

[15:09] {jfjf64} nicelly put

[15:10] {jfjf64} i was afraid to buy hihg hgsi bammmmmmmmmmm another 10 cents

[15:10] {jfjf64} higs

[15:11] {jfjf64} hgsi sorry

[15:13] {dino} hmmm snda -14 point 5 days

[15:15] {jfjf64} what ya stalkin vad

[15:16] {Threei} not much jf... market is just moving up or down with no pattern

[15:16] {Threei} and notice the range

[15:17] {Threei} as much as it feels like market is moving, it's not really

[15:17] {Threei} with it being so narrow, I'd say we were lucky to find what we did

[15:35] {BillyD} HGSI

[15:35] {BillyD} so volatile though

[15:36] {dino} i type snda at 48.80s its now 50 and i missed it

[15:36] {larisa} wanted to ask you if you got it

[15:36] {larisa} capitulation was just after your alert

[15:37] {dino} i'm off this month. good thing vacation coming up. i need a break, clear my mind

[15:37] {Threei} when are you leaving for vacation dino?

[15:38] {dino} thursday the 30th, after market close. back the 10th for work

[15:39] {larisa} going some place nice?

[15:39] {dino} condo @ sunset beach, nc

[15:39] {dino} beach and golf

[15:39] {larisa} it is nice :)

[15:40] {BillyD} I'm already relaxing just hearing about it dino

[15:40] {larisa} you are too easy Billy :)

[15:40] {dino} :), i need it, burning out lately

[15:40] {dino} look snda now, drops 75 cents in flash

[15:41] {larisa} I did not play it also off the bottom , too wild

[15:41] {larisa} but was your type

[15:42] {dino} more chaotic than usual imo

[15:43] {larisa} agree

[15:45] {dino} that darn sock will trade backto 60s in a day or two, thats the pattern

[15:45] {dino} stock

[15:47] {dino} veco non-stop

[15:49] {BillyD} AGEN on the move lately

[15:50] {Threei} and no news

[15:50] {Threei} just like jazz

[15:51] {Threei} only less spectacular

[15:51] {Threei} I mean spiektakuoolar

[15:51] {BillyD} keep on tomorrows radar

[15:52] {Threei} X Considering implementing permanent shutdowns if demand does not recover - WSJ

[15:52] {Threei} huh?

[15:52] {Threei} permanent?

[15:52] {BillyD} who is X

[15:53] {Threei} Us Steel

[15:53] {Threei} no less

[15:53] {BillyD} wow

[15:54] {Threei} GM Exec: "Very seriously" looking to resume auto leasing next month (related F F.IT )

[15:54] {Threei} if he looked at it laughingly, I'd be more trusting

[15:54] {Threei} okay guys, everything's according to a plan so far

[15:54] {Threei} remember I said a short while ago,

[15:55] {Threei} this is how we will sail threough this July-August slowdown,

[15:55] {Threei} picky, carwefully, taking profits when we see them and staying on a sideline when the pickings are slim

[15:56] {Threei} day after day we go with mauybe not spectacular but steady and safe profits

[15:56] {Threei} thank you all, have a good eveining

[15:57] {Threei} see you tomorrow

[15:57] {larisa} bye:)

[15:57] {BillyD} cya

[15:57] {chiro} thnk u