Aug 07 2009

Very nice finish to the week. Just one 10 cents stop, and wins were mostly on pullback long entries on HIG, AIG, WFC, HGSI, LVS with one short on WFC. Nothing to complain about, with some members reporting their best week of the year.

Session Time: Fri Aug 07 00:00:00 2009

[08:07] {nemo} now we know what the deal on aig was

[08:09] {JohnK} gm folks

[08:21] {Threei} Good morning

[08:21] {Threei} BLTXX Baltic Dry Bulk Index -4.6% (7th straight decline

[08:26] {nemo} anything playable off the jobs report?

[08:30] {nemo} must be good

[08:30] {Threei} *JULY CHANGE IN NONFARM PAYROLLS: -247K V -325KE; CHANGE IN MANUFACTURING PAYROLLS: -52K V -100KE

[08:30] {Threei} - Prior nonfarm payrolls revised from -467K to -443K

[08:30] {Threei} JULY UNEMPLOYMENT RATE: 9.4% V 9.6%E

[08:30] {Threei} *JULY AVERAGE HOURLY EARNINGS M/M: 0.2% V 0.1%E; AVERAGE WEEKLY HOURS: 33.1 V 33.0E

[08:30] {Threei} - Average Hourly Earnings Y/Y: 2.5% v 2.5%e

[08:32] {nemo} interesting, slightly more hours worked than expected for the same money as expected, that's not positive

[08:33] {BillyD} GM all

[08:34] {Threei} Billy...

[08:34] {Threei} where have you been yesterday

[08:34] {Threei} missed beautiful day

[08:34] {BillyD} some things to take care of

[08:34] {nemo} geez dad....

[08:34] {BillyD} saw the log

[08:34] {BillyD} maybe a repeat eh????

[08:37] {Threei} why not... let's by HIG again :)

[08:39] {BillyD} was there good jobs data?

[08:39] {BillyD} reason forspike up

[08:40] {Threei} yep

[08:41] {Threei} [08:30] {Alert} Threei *JULY CHANGE IN NONFARM PAYROLLS: -247K V -325KE; CHANGE IN MANUFACTURING PAYROLLS: -52K V -100KE

[08:41] {Threei} [08:30] {Alert} Threei - Prior nonfarm payrolls revised from -467K to -443K

[08:41] {Threei} [08:30] {Alert} Threei JULY UNEMPLOYMENT RATE: 9.4% V 9.6%E

[08:59] {ese} gooooood morning

[08:59] {Threei} ese :)

[08:59] {larisa} gm :)

[08:59] {ese} hey larisa

[09:00] {Threei} larisa :)

[09:00] {larisa} ese, vad :)

[09:01] {ese} at some point that dry bulk index will go up

[09:03] {Threei} that was my first thought this morning ese

[09:03] {Threei} it drops for 7 days straight,

[09:03] {fernp} good morning everybody

[09:03] {Threei} fern :)

[09:03] {Threei} DRYS however is more or less holding

[09:03] {Threei} the day index revrses DRYS should explode

[09:04] {ese} i'm still long my drys from yesterday at .40 would be nice if it did it today

[09:05] {Threei} well, today index is still down :)

[09:06] {ese} hmmmmmm

[09:07] {Threei} [08:21] {Alert} Threei BLTXX Baltic Dry Bulk Index -4.6% (7th straight decline)

[09:16] {ese} improvement in unemplyment rate and non farm payrolls.....looks like the reason for up start to the day

[09:16] {Threei} it's going to be interesting

[09:16] {Threei} here is what I mean:

[09:16] {Threei} we rallied for months with no positive news,

[09:16] {Threei} wirth extremely negatiove background noise,

[09:17] {Threei} and last week or two we started hearing all kinds of "recession is about over",

[09:17] {ese} yup

[09:17] {Threei} and now we are getting first signs of positive economic data.

[09:17] {Threei} Red day would signal strong reversal coming

[09:17] {ese} your thinking reversal

[09:17] {JohnK} T, do you think they'll eventually sell the news?

[09:18] {Threei} rather like:

[09:18] {JohnK} soon?

[09:18] {Threei} I am waiting to see if it's a red day in order to get a confirmation of reversal

[09:18] {Threei} that's how it usually works John

[09:18] {JohnK} I think so too

[09:18] {Threei} put the bottom in and reverse to the upside when it's the darkest,

[09:19] {Threei} rally on no good news,

[09:19] {Threei} spike right before or on positive news,

[09:19] {Threei} put the top in and reverse to the downside as news become rosey

[09:20] {Threei} Normal market cycle...

[09:20] {Threei} happens for eons, yet every time catches public by surprise

[09:20] {Threei} and causes all kinds of screams about manipulation

[09:21] {Threei} even though this scenario is of public's making in the same degree as smart money's

[09:21] {Threei} For it to happen, both sides must fufill their roles:

[09:22] {cosmo} ya know.... its just human nature

[09:22] {Threei} smart money to start accumulating when news is the worst possible and market is destroyed

[09:22] {Threei} and for public to wait with their buying until the news is at its happiest and market has rallied quite a bit

[09:22] {Threei} Smart money did its part,

[09:22] {Threei} now public's turn {G}

[09:23] {BillyD} so true

[09:23] {cosmo} so ... time to buy?

[09:23] {Threei} if you keep tabs on our plays from long/short ratio point of view,

[09:23] {BillyD} lol

[09:24] {JohnK} Yet, when we see this next top, it'll be a profit taking top, rather than a OMG sky's falling top... the pullback should be relatively shallow, right?

[09:24] {Threei} you will see how we used to short a whole lot last fall/winter/beginning of this year,

[09:24] {Threei} and how we play almost exlusively long side for the last few months

[09:24] {Threei} yes coosmo, and put it in your long term account saying "it will be back" :)

[09:25] {Threei} don't know if it's going to be shallow pullback/resumption or deeper drop, recovery and range bound trading for a while, John

[09:25] {Threei} both scenarios are plausible

[09:28] {magoo} ugegejkalkdfsa

[09:28] {Threei} I'll take it as a good morning

[09:28] {Threei} call me optimistic and trusting

[09:28] {ese} uffdidoiuwwwmdidak mags

[09:29] {jfjf64} mornin all

[09:29] {ese} jf

[09:29] {Threei} jf :)

[09:29] {Threei} btw

[09:30] {Threei} AIG

[09:30] {Threei} Friday, August 07, 2009 7:06:26 AM

[09:30] {Threei} American International Group, Inc Reports Q2 $2.30 v $1.67e (unclear if comparable), R $29.52B v $19.9B y/y - filing

[09:30] {Threei} - Q2 EPS on Adjusted basis $2.57.

[09:30] {Threei} - Q2 Combined ratio 98.2 v 92.2 y/y

[09:30] {Threei} - Q2 General Insurance operating income (before net realized capital gains) was $971M v $446M q/q

[09:30] {Threei} - Q2 life insurance and retirement services op income (before net realized losses) $1.82B v $1.2B q/q

[09:30] {Threei} - Q2 financial services operating loss (ex net realized losses) -$105M v -$1.1B q/q

[09:30] {cosmo} NVDA should hold 13.80

[09:32] {jfjf64} lvs

[09:32] {jfjf64} .86 trigger

[09:32] {Threei} LVS, 11.90 long establishd resistance

[09:33] {Threei} if takes it and doesn't trip of 12, has a a chance for a big move

[09:33] {jfjf64} ty ty

[09:35] {jfjf64} rimm??

[09:35] {Threei} just follows market, no clear play

[09:35] {jfjf64} hig 19 break

[09:36] {Threei} AIG

[09:36] {Threei} 3 dollars pullback

[09:36] {Threei} and counting

[09:36] {jfjf64} hig no go

[09:36] {magoo} was watching

[09:37] {Threei} bounce off 24 is likely

[09:37] {Threei} no "oficial" call, risk is enormous

[09:37] {jfjf64} k

[09:38] {jfjf64} nasty pullbacks

[09:38] {Threei} if you went for it, get out herte

[09:38] {jfjf64} tk look at met

[09:38] {Threei} quick dollar is nothing to sneeze at

[09:38] {Threei} OK, HIG

[09:39] {Threei} 18.50 is nice support to start looking for a bounce

[09:39] {Threei} normal routine is on for bottom fishers

[09:39] {Threei} .30 break if holding .20

[09:39] {Threei} etc

[09:39] {Threei} .20 if holding .10 now

[09:39] {Threei} you know the drill

[09:40] {Threei} just no chasing if missed

[09:40] {Threei} a bit too fast

[09:40] {wulff} that was quick!

[09:40] {Threei} I don't suppose anyone caught it

[09:41] {BillyD} not here

[09:41] {Threei} [09:37] {Threei} bounce off 24 is likely

[09:41] {Threei} look at AIG's low

[09:41] {jfjf64} nope

[09:41] {magoo} out AIG here .15 +.75 TY vad

06[09:41] * Threei slaps magoo around a bit with a large roll of cash

[09:41] {fernp} BAC?

[09:42] {Threei} yes fern

[09:42] {jfjf64} nice mags

[09:42] {Threei} same routine

[09:42] {Threei} .50 nearest support

[09:42] {fernp} ok

[09:43] {jfjf64} .68 hig here

[09:43] {jfjf64} double top lets go

[09:43] {Threei} WFC on radar too

[09:43] {Threei} .20 break if holding .10

[09:44] {Threei} and guys... if bottom fishing is not your cup of tea, skip these plays

[09:44] {Threei} this morning is not for open breaks so far, it's for pulback-catchers

[09:44] {jfjf64} hate tea

[09:45] {jfjf64} in .70 hig

[09:45] {magoo} in wfc'

06[09:45] * Threei slaps jfjf64 around a bit with a large cup of mango-infused oblong tea imported from SA Asis

[09:46] {Threei} BCRX Hearing strength being attributed to takeover chatter

[09:46] {Threei} - Reportedly GSK rumored as interested name (9.33, +0.54, 6.14%) (related GSK )

[09:47] {jfjf64} met .90break

[09:48] {jfjf64} go hig

[09:48] {Threei} White House Romer: Considering extending unemployment benefits following August recess in Congress; Jobs number is the 'least bad' seen in months - tv interview

[09:48] {Threei} - Comments that the jobless rate has seen stability in prior two months; seeing signs of stability

[09:49] {jfjf64} 1/1

[09:49] {jfjf64} half out

[09:49] {Threei} WFC 1:1

[09:49] {fernp} ty

[09:50] {Threei} something we haven't played in ages and probably deserving a look again:

[09:50] {Threei} Long Setup: HGSI .30 break if stays above .20, half lot

[09:51] {Threei} WFC 1:2

[09:51] {Threei} mags, get out, will ya

[09:52] {jfjf64} hig yeahhhh

[09:52] {Threei} good one jf

[09:52] {magoo} out WFC .37 TY + .17 DL

[09:52] {wulff} out WFC

[09:52] {magoo} in hgsi

[09:53] {Threei} you guys know what you are you are doing... I can see my retirement nearing

[09:53] {magoo} oh no....

[09:53] {Threei} I just like this monastery so much

[09:54] {nemo} How many plays did I miss?

[09:54] {magoo} yea...u turned over a new leaf there

06[09:54] * magoo slaps nemo around a bit with a large trout

06[09:54] * magoo slaps nemo around a bit with a large trout

[09:54] {jfjf64} +10 1half +15 2 half

06[09:54] * magoo slaps nemo around a bit with a large trout

[09:54] {magoo} 3

[09:54] {larisa} yes, AIG was for nemo for sure :)

[09:55] {magoo} u gotta be loco choco to take that AIG call

[09:56] {Threei} [09:41] {magoo} out AIG here .15 +.75 TY vad

06[09:57] * Threei applies to admin for nick change for magoo, he will be known as "magoolocochoco" from now on

[09:57] {Threei} HGSI 1:1

[09:57] {nemo} I wasn't here but why was it for me, Lari?

[09:57] {larisa} not for me or for you or for any normal person :)

[09:57] {JohnK} great trade HGSI thx T :)

[09:58] {Threei} welcome

[09:59] {magoo} out hgsi TY

[10:00] {wulff} NAS can't break +21 yet

[10:00] {magoo} larisa still sour girl over our split :)

[10:01] {larisa} lol

[10:01] {BillyD} Vad, HIG if takes 19

[10:01] {Threei} not sure

[10:01] {magoo} prob is mkt looks to be pulling back billy

[10:02] {Threei} watching but can't make up my mind yet

[10:02] {BillyD} thx

[10:02] {jfjf64} lks lk trap at this point

[10:03] {nemo} market weakness

[10:03] {wulff} hig break?

[10:03] {Threei} [10:01] {BillyD} Vad, HIG if takes 19

[10:03] {Threei} [10:01] {Threei} not sure

[10:03] {Threei} [10:01] {magoo} prob is mkt looks to be pulling back billy

[10:03] {Threei} [10:02] {Threei} watching but can't make up my mind yet

[10:03] {jfjf64} steady vol

[10:04] {Threei} I guess...

[10:04] {Threei} Long Setup: HID 19 break

[10:04] {Threei} if stays above 18.90

[10:04] {Threei} HIG that was

[10:05] {jfjf64} mkin higher lows

[10:05] {jfjf64} .04 in

[10:05] {magoo} in

[10:06] {jfjf64} large vol spike ??

[10:06] {Threei} no go

[10:06] {magoo} it duped us

[10:06] {nemo} duped you

[10:07] {jfjf64} grrrrrrrrrrrrrrrrr

[10:07] {Threei} hectic up and down within narrow range, not worth it

[10:07] {Threei} leave it alone

06[10:07] * nemo slaps magoo around a bit with a large minah bird

[10:07] {Threei} Long Setup: LVS .50 break

[10:07] {Threei} if holding above .40

[10:09] {magoo} in

[10:10] {nemo} me too

[10:10] {jfjf64} ditto

[10:11] {jfjf64} comon vadd do a little lvs dancs lvs lvs lvs

[10:11] {Threei} lol

[10:11] {jfjf64} double top double top double top

[10:12] {jfjf64} i think i gone nuts

[10:12] {Threei} almost 1:1

[10:12] {jfjf64} hig

[10:12] {Threei} I don't expect it to be more than a scalp

[10:12] {Threei} 1:1

[10:12] {Threei} I am out

[10:12] {magoo} out .60 DL ty boss

[10:13] {jfjf64} out

[10:13] {jfjf64} ty

[10:13] {magoo} let me beat u too it vad.......

[10:13] {Threei} [09:44] {Threei} this morning is not for open breaks so far, it's for pulback-catchers

[10:13] {nemo} I'll take the scalp (w a rusty knife)

[10:13] {Threei} look:

[10:13] {magoo} no, u cant go home yet

[10:13] {Threei} all pullback entries worked,

[10:13] {Threei} single time I tried breakout, hesitantly,

[10:13] {Threei} was the only stopped play

[10:14] {Threei} gotta go with my instincts and stop trying to outsmart myself

[10:14] {nemo} there's a joke in there somewhere

[10:14] {jfjf64} qid .60break

[10:14] {Threei} and not one nemo

[10:14] {Threei} I already thought of three

[10:15] {Threei} thgis I must show you guys,

[10:15] {Threei} I know you would believe my word too, without visual proof,

[10:15] {nemo} Vad would never tell a lie

[10:15] {Threei} but this precision and craftmanship deserve a little bragging

[10:16] {Threei} too bad only 300 shares were available, but:

[10:16] {Threei} http://realitytrader.com/vad/AIG%20entry.jpg

[10:16] {jfjf64} invalid breaks no wk

[10:16] {nemo} yeah, but you missed the 3$ short

[10:17] {Threei} can I kick this guy out of the room for the next three months?

[10:17] {Threei} let's vote

[10:17] {jfjf64} ??

[10:17] {Threei} [10:16] {nemo} yeah, but you missed the 3$ short

[10:18] {Threei} :)

[10:18] {nemo} I can hear you hand slapping yourself on the back from here

[10:18] {Threei} what, no single word of praising for the most precise entry possible on AIG today?

06[10:19] * Threei removes himself to a monastery for the next 7 years

[10:19] {magoo} i vote he stays (u owe me now capn nemo)

[10:19] {larisa} where did you exit ?

[10:19] {nemo} Sorry, I'm still getting organized from my internet fiasco

[10:19] {Threei} 24.86

[10:19] {larisa} very nice

[10:19] {nemo} why didn't you pick up an ese allotment a penny or two higher?

[10:19] {Threei} ty larisa, you are the only one I am going to comunicate with from Tibet

[10:20] {nemo} I can find you there

[10:20] {Threei} not if my cave entrance is protected with two machine guns... which is my intention

[10:20] {fernp} perfect entry Vad. 24.00 was lod

[10:20] {Threei} :)

[10:21] {BillyD} Vad, anything on chart for 24 on AIG or just looked right

[10:21] {Threei} pure guts

[10:21] {Threei} no technicals to this kind of things

[10:21] {BillyD} what I thought.......caught the very tip of the knife

[10:22] {Threei} some of bottom fishing can be done with some technicals, like we did on LVS

[10:22] {Threei} that one was based on certain chart structure

[10:22] {Threei} AIG was not

[10:22] {nemo} discretion was the bettor ({pun intended) part of valor on lvs

[10:23] {jfjf64} axp what up

[10:24] {jfjf64} .40 break was sleepin

[10:24] {jfjf64} lk at vol

[10:24] {jfjf64} vol never lies

[10:25] {ese} L hans .63

[10:25] {jfjf64} or does it vad

[10:26] {nemo} aig C&H?

[10:26] {Threei} kind of nemo

[10:27] {nemo} teeny weeny handle, but looks like it's breaking resistance on rising volume

[10:27] {jfjf64} gonna touch high ese nice

[10:28] {ese} Out HANS .78 +.15

[10:28] {nemo} 20k of the little buggers?

[10:28] {ese} tks

[10:28] {jfjf64} nice

[10:28] {ese} 4k

[10:28] {ese} sorry 3k

[10:28] {jfjf64} aig grrrrrrrrrrrrrrr nemo hope ya in c/h

[10:29] {nemo} no, it was gut

[10:29] {nemo} don't trust that yet

[10:30] {ese} I think hans is just gonna creep on up there jf

[10:30] {ese} almost at high now

[10:30] {ese} done deal

[10:31] {jfjf64} .89 break

[10:31] {jfjf64} hans in

[10:32] {ese} nice move as well jf

[10:32] {jfjf64} nice on little puulbk see what happens

[10:33] {nemo} interesting $ up and market up

[10:33] {wulff} revenge on HIG stop +.17

[10:34] {jfjf64} hit me grr

[10:35] {wulff} got back in at .82

[10:36] {jfjf64} fas .87 break

[10:37] {nemo} wow

[10:37] {magoo} in aig cross 19

[10:37] {magoo} liked it with futes

[10:37] {Threei} HIg you mean

[10:37] {magoo} i mean HIG

[10:37] {jfjf64} all out

[10:38] {ese} L zion .79

[10:38] {wulff} still have half lot

[10:38] {jfjf64} wow fas

[10:39] {ese} out zion .85 +.06

[10:39] {magoo} out here TY vad

[10:40] {ese} not trusting breakouts these days

[10:40] {magoo} want to catch a rip...but my instinct is scalpin

[10:40] {ese} me takes the intitial push and gets out if it pauses

[10:40] {magoo} very conflicted..cant catch a big one if i scalp

[10:40] {nemo} summer friday afternoon coming, question is: does the euphoria over the jobs report last?

[10:40] {magoo} but hate losing my $$

[10:40] {jfjf64} wfc

[10:41] {wulff} look at CAT resistance

[10:43] {fernp} have to go. see you all on monday

[10:43] {Threei} take care fern, have a good weekend

[10:43] {jfjf64} latre fern

[10:43] {ese} cya fern.....have a great weekend

[10:43] {Threei} biy, those europians... use any excuse to prolong their weekends and vacations {G}

[10:44] {ese} no kidding eh

[10:45] {wulff} AIG slow and steady

[10:45] {Threei} wulff must be the only one in this universe calling AIG slow this week

[10:46] {ese} L csco .67

[10:46] {jfjf64} lk .49 break aig 1000 shares .25cent stop

[10:47] {ese} bemoth......will take forever to climb

[10:47] {jfjf64} went to fast for me

[10:47] {nemo} behemoth?

[10:47] {ese} tks eggzactly

[10:47] {nemo} ur velcim

[10:48] {Threei} I think my mission on this planet is completed

[10:48] {ese} csco just crossed a 5 day high........this should carry on up if market keeps going

[10:48] {nemo} my typing isn't fubar yet

[10:48] {Threei} I taught so many people to spell things in the most perverse way possible

[10:49] {Threei} time to move to Jupiter

[10:49] {ese} your my idol there vad

[10:49] {nemo} they got monasteries?

[10:49] {Threei} although I have to say ese... your "eggzactly" leaves wanting a little

[10:50] {Threei} "eqzaktly" is more like it

[10:50] {nemo} koreqkt him Vad

[10:50] {ese} give me another chance.......just one more schance

[10:51] {ese} get goin csco you elephant you

[10:51] {nemo} frickin aig

[10:52] {nemo} wfc @ r1

[10:53] {nemo} aig touched and falling back

[10:53] {jfjf64} jpm monster

[10:55] {Threei} JAVA EU reportedly has found some problem areas in ORCL/JAVA merger deal related to middleware and database segments - unconfirmed report

[10:55] {Threei} - deadline for the companies to respond to a questionaire sent by the regulators is Aug 13.

[10:55] {Threei} - P... (9.11, -0.04, -0.44%) more... (related ORCL )

[10:57] {Threei} HIG feels like continuation

[10:57] {Threei} finding entry is not ver easy

[10:57] {Threei} jumpy

[10:57] {nemo} pru Vad

[10:57] {Threei} even jumpier

[10:58] {Threei} WFC, sheesh

[10:59] {magoo} this mkt is SICK

[10:59] {nemo} fits you to a "T"

06[10:59] * nemo slaps nemo around a bit with a large trout

[11:00] {nemo} your welcom magoo

[11:03] {nemo} aig break of .50?

[11:03] {Threei} if you can handle its volatility

[11:03] {nemo} guess it could go either way

[11:05] {ese} out csco .73 +.06

[11:05] {ese} 6k.....that good enough aye yi yi....that things moves slow

[11:06] {nemo} no

[11:09] {jfjf64} good day alll off to da bank got to luv this buiz

[11:09] {Threei} take care jf

[11:09] {jfjf64} ty for eveythin

[11:10] {BillyD} just an r & g short of complete word

[11:10] {BillyD} getting better

[11:10] {BillyD} lol

[11:10] {jfjf64} lol

[11:10] {BillyD} cya JF :)

[11:17] {BillyD} did time stop

[11:17] {nemo} happens when vad goes into coma

[11:18] {BillyD} can hear the PC fan motor to perfection

[11:18] {Threei} lol

[11:18] {Threei} nemo... as if I ever came out of it

[11:26] {nemo} fas break?

[11:26] {Threei} feels like a trap rathere

[11:26] {nemo} that was my gut, but thought I'd ask

[11:55] {BillyD} HIG is holding fairly well

[11:56] {Threei} tough read...

[11:59] {BillyD} these little mkt spikes mess up setups that try and form

[12:01] {magoo} yea..im fearful to short today...

[12:07] {ese} hmmmmmm....i'm fearfull shorting just about all the time....can't figure that out......

[12:07] {wulff} WFC short

[12:07] {BillyD} I like it

[12:07] {nemo} turn the chart upside down ese

[12:09] {ese} oh ya sure.......

[12:09] {ese} alright i'll give it a try

[12:09] {nemo} same patterns upside down

[12:09] {wulff} Wulff asks WFC to please drop

[12:10] {nemo} wulff type "/me asks WFC to please drop"

[12:10] {BillyD} where you in at wulff

[12:10] {wulff} 29 short

[12:10] {ese} hey wow....it works........Ok short 88000shs ofdrys

[12:10] {nemo} ese, wait till the buzz wears off

[12:11] {ese} just kidding......

[12:11] {nemo} jeez, thought you wer going to ask if I wanted to buy a bridge

[12:14] {wulff} I got to get some hobbies

[12:14] {wulff} this is torture

[12:16] {Threei} market is locked in 5 poits range for hour and half

[12:16] {Threei} why push?

[12:27] {Threei} AIG Discloses retention pay to cost $1.1B through 2011 - filing (26.60, +4.07, 18.06%)

[12:27] {larisa} ese, scalp shorts examples : counter trend shorts on JPM : 10:59 top created perfect price divergence and 12.08 double lower top. Strong stock, so scalps only. You have to feel exhaustion though price would still rise. Shorting bottoms on weak stock is diff mindset

[12:28] {dptl} good morning all

[12:28] {Threei} lol dp

[12:28] {dptl} :)

[12:28] {larisa} but "THEY" say trader have to do longs and shorts equally easy. Vad you agree ?

[12:29] {larisa} hi dp:)

[12:29] {Threei} I do larisa

[12:29] {Threei} it's not "must"

[12:29] {Threei} but it's a natural outcome of a trader's development

[12:30] {Threei} as one gets rid of ego-governed directional bias

[12:30] {Threei} it becomes absolutely the same

[12:30] {Threei} movement is movement, there is no emotional attachment to any direction

[12:31] {Threei} whichever way setup forms, you just take it'

[12:35] {patel} u like LVS over 12

[12:36] {Threei} if it weere Monday I would confidently say yes

[12:36] {Threei} chart is ggrea

[12:36] {patel} yup

[12:36] {Threei} time of day and day of the week is nort

[12:36] {patel} 200 day chart looks great

[12:36] {patel} nothing over 12

[12:36] {Threei} right

[12:37] {nemo} but it's Friday afternoon...does the market have another run?

[12:37] {patel} thats true nemo

[12:39] {Threei} 1:1

[12:40] {nemo} nice call patel

[12:40] {patel} tks

[12:41] {patel} i thought it could run after i saw the 200 day chart

[12:41] {nemo} should we generally be looking at scalps on Friday afternoon Vad?

[12:41] {Threei} [09:32] {Alert} Threei LVS, 11.90 long establishd resistance

[12:41] {Threei} [09:33] {Alert} Threei if takes it and doesn't trip of 12, has a a #discussionsce for a big move

[12:41] {Threei} generally, yes

[12:42] {nemo} unless your name is "Magoo"

[13:03] {Threei} US Treasury's Kruger: There are increasing signs that the economy is stabilizing

[13:04] {Threei} 2H09 growth in economy is 'plausible'

[13:04] {Threei} - Administration is concered over data showing long term unemployment

[13:17] {Threei} what's our obligatory phrase no day goes without?

[13:18] {larisa} I like him. let him talk :)

[13:18] {Threei} hehe

[13:19] {Threei} (US) President Obama: We are pointed in the right direction, jobs report is another sign the worst is behind us (related EUR/USD )

[13:50] {nemo} hows the coma vad?

[13:50] {Threei} just perfect

[13:50] {Threei} why?

[13:51] {nemo} bored...thought I'd ask, why?

[13:58] {Threei} 25% Agree With Pelosi That Health Insurers are Villains

[13:58] {BillyD} rofl

[13:58] {wulff} the other 75% agree she is a villian

[13:58] {Threei} :)

[13:58] {BillyD} they must know "they" of the market

[13:59] {larisa} :)

[14:01] {larisa} CNBC will believe this rally was for real when DJI back to 14K ?

[14:01] {BillyD} then it will be over

[14:03] {Threei} this is the concept I never really understood

[14:04] {Threei} everyone discussing "real" the rally is or not

[14:04] {nemo} rally is a rally...wtf

[14:04] {Threei} what do they mean not real, I see it with my own eyes

[14:04] {Threei} it happens

[14:04] {Threei} how can it be not real

[14:04] {nemo} they sound like a good argument for retro-active abortion

[14:04] {Threei} if they mean it's short-lived, well

[14:05] {Threei} that's up to anyone's market read

[14:05] {Threei} but whether it continues for 3 days or 3 years, it's real

[14:05] {Threei} words "fake rally" make no sense to me

[14:05] {BillyD} if it makes my stock move it is real....lol

[14:06] {Threei} I ave just one qwuestion

[14:06] {nemo} why?

[14:06] {Threei} if I go long and make money, and then they call the rally fake,

[14:06] {Threei} do I have to return my profit?

[14:06] {nemo} you have to give it to me

[14:06] {dptl} lol

[14:07] {BillyD} it would be the right thing to do vad

[14:07] {Threei} why... I invite you to go long with me, no?

[14:07] {Threei} free will, ya know

[14:07] {Threei} I am a big fan of free will

[14:07] {nemo} what's your's is mine and what's mine is mine...oh forgot, that's what wives say

[14:08] {Threei} I also like to take "theirs" from those who want to take mine {G}

[14:09] {nemo} yep...and some body parts to boot

[14:09] {Threei} I believe in reciprocation, and reciprocator's gotta do what reciprocator's gotta do

[14:10] {Threei} two machine guns in front of my Tibet cave entrance reinforce this motto

[14:10] {Threei} WFC... consolidation above 29 becomes interesting

[14:11] {Threei} if upward markert thurs proves a trap again,

[14:11] {Threei} Short Setup: WFC 29 breakdown if stays below 21.10

[14:11] {Threei} LVS... sigh

[14:12] {Threei} why couldn't 12 break occur on Monday

[14:12] {nemo} not fair

[14:12] {larisa} why? Friday's rally are fake? :)

[14:14] {Threei} I would be all over it with repetitive warning "not a scalp"

[14:14] {Threei} yes larisa... they are :)

[14:14] {larisa} ahha

[14:15] {Threei} diamonds given on Fridays are fake

[14:15] {Threei} salmon caufght on Friday is farmed

[14:16] {Threei} beef bought on Friday is ornages-fed

[14:16] {larisa} k, i got the picture

[14:17] {Threei} good... I may stop short of discussing silicon then

[14:18] {Threei} interesting... MGM is up but not following LVS in this recent explosion

[14:20] {Threei} WFC triggered

[14:23] {chiro} target on WFc?

[14:23] {Threei} can't really tell whether it's just a scalp of capable of more

[14:23] {Threei} let's comrpomise

[14:24] {Threei} if it works, cover 2/3 or 3/4 around 1:1

[14:24] {Threei} 1:1

[14:25] {Threei} covered 2/3

[14:25] {Threei} stop to 29.02

[14:25] {chiro} t u

[14:25] {Threei} y w

06[14:26] * Threei slaps nemo around a bit with a large reminder that good coma never stood in the way of good trading

[14:26] {BillyD} ty wfc

[14:26] {Threei} :)

[14:27] {jfjf64} ty also vad poped back in office nice nice got to luv ittttttttttttttttt

[14:28] {Threei} lol

[14:29] {Threei} you are insuffereable jf... your passion to make money, lol

[14:29] {Threei} probably exceeds evcen my ability to mistype things

[14:30] {dptl} ok...:)

[14:30] {dptl} have a good weekend all :)

[14:30] {Threei} take care dp, have a good one

[14:31] {Threei} (those lazy vancouverities)...

[14:31] {Threei} worse than europians

[14:31] {dptl} Vad fish here so trying to get as much as i can lol

[14:31] {Threei} get some for me?

[14:31] {jfjf64} i watched scarface last night got pumped up seein them carryin duffle bags of cash too bank turned out to be great day say hello to da bad guy

[14:32] {Threei} 'cause you know, they say we will run out of it somewhere around 2032

[14:32] {Threei} lol jf

[14:32] {dptl} my freezer is preatty much full :)

[14:32] {jfjf64} nice dp

[14:32] {Threei} scared to think what happens if you watch Once Upon a Time in America

[14:33] {jfjf64} vad must hv a walk in box what ya think

[14:33] {Threei} mine has some room, dp

[14:33] {dptl} would you like it salted or fresh?

[14:33] {Threei} ummm... both? :)

[14:33] {dptl} lol.....ok

[14:34] {jfjf64} take it any way i cd gt it

[14:34] {magoo} AIG

[14:34] {Threei} I accept fish as a bribe

[14:34] {Threei} I haven't come up with idea what to be bribed for though

06[14:34] * magoo slaps Threei around a bit with a large trout

[14:34] {dptl} :) got it

[14:35] {jfjf64} missed it mags lv that set up

[14:35] {Threei} no new news AIG

[14:37] {jfjf64} ge s .74 trigger

[14:51] {magoo} AIG vad..try and read it

[14:51] {magoo} i scalped 28 to .25

[14:53] {Threei} AIG is not a matter of read mags

[14:53] {Threei} it's a matter of risk

[14:54] {Threei} and it's unsuitable for 99%

[14:54] {magoo} in .34 out .71

[14:54] {magoo} more like FEEL

[14:56] {BillyD} HIG creeps up

[14:58] {Threei} PIMCO's El Erian: Bull market in equities is not likely to last

[14:58] {Threei} too early to call for a vigorous economic recovery

[14:58] {Threei} - Reminder on 7/29 El Erian called the July equities rally a 'sugar high'

[14:58] {Threei} read; "crap, we missed it"

[14:59] {BillyD} lol

[14:59] {_prth} someone must be short the market

[14:59] {Threei} or that

[14:59] {BillyD} your news feed is cheap entertainment for you with occasional vocational use

[14:59] {Threei} calls certain US assets like US stocks are overbought in relation to their fundamentals

[14:59] {Threei} lol Billy

[14:59] {BillyD} what's new with stocks

[15:00] {Threei} *JUNE CONSUMER CREDIT: -$10.3B V -$5.0BE

[15:01] {Threei} whoa

[15:01] {Threei} AIG

[15:01] {magoo} thats why its scary\

[15:01] {magoo} glad im out

[15:01] {Threei} mama

[15:02] {magoo} HOLY SHIT

[15:02] {Threei} gravity does exist after all???

[15:02] {nemo} wtf'

[15:02] {Threei} no, can't be

[15:02] {nemo} anyboy short it

[15:02] {magoo} i got out 28.71

[15:02] {Threei} 14:53] {Threei} AIG is not a matter of read mags

[15:02] {Threei} [14:53] {Threei} it's a matter of risk

[15:02] {Threei} [14:54] {Threei} and it's unsuitable for 99%

[15:02] {magoo} hey..post my response

[15:03] {Threei} WFC baby!

[15:03] {Threei} over 1:2

[15:03] {Threei} I am out

[15:03] {magoo} [14:54] {magoo} in .34 out .71

[15:03] {magoo} [14:54] {magoo} more like FEEL

[15:03] {Threei} AIG Names certain director changes (26.93, +4.40, 19.53%)

[15:04] {Threei} you'd think they designated Fidel Castor in directors

[15:04] {Threei} Castro too

[15:04] {magoo} and chuckie manson vad

[15:04] {Threei} lol

[15:04] {Threei} - William J. Glasgow has been named Chief Restructuring Officer of AIG Global Real Estate, the international real estate investment organization.

[15:04] {Threei} - In conjunction with the overall restructuring of AIG, AIG Global Real Estate has previously announced its intention to divest certain holdings in its real estate business. Mr. Glasgow will oversee the execution of the real estate restructuring program

[15:04] {Threei} - Robert G. Gifford has been named President and Chief Executive Officer of AIG Global Real Estate, the international real estate investment organization.

[15:07] {Threei} anyone did partial on WFC short?

[15:09] {BillyD} no, but reshorted at .79 and coveredfor scalp

[15:09] {Threei} :)

[15:21] {magoo} GS crushed

[15:30] {magoo} GS no bounce yet

[15:35] {ese} well it's been a day.........couple of good trades but still waitin on DRYS......yall have a good weekend now ya hear....

[15:35] {ese} see you monday

[15:35] {BillyD} cya ese

[15:35] {ese} later BD

[15:37] {Threei} take care ese

[15:52] {magoo} ok..out TY vad everone..my best week of year

[15:53] {larisa} bye :)

[15:53] {nemo} wait till Dino gets back...hehehehe

[15:53] {Threei} ciongratulations mags

[15:53] {magoo} :)

[15:53] {magoo} hope dino isnt a jinx

[15:54] {magoo} hes back monday

[15:54] {nemo} well, he won't be able to trade until he gets a new computer

[15:54] {BillyD} send him on a cheap camping vacation then

[15:54] {magoo} they brought it in today

[15:54] {BillyD} lol

[15:54] {BillyD} same exact one magoo

[15:55] {nemo} gnite

[15:56] {BillyD} have a good wknd everyone...cya

[15:57] {Threei} thank yiou all

[15:57] {Threei} have a great relaxing weekend

[15:57] {Threei} see you on Monday

Aug 06 2009

Beautiful morning with 4 winning trades on HIG and BAC, then one stop on HIG, and a lot of nothing on the afternoon. Read the trades and explanations to them as we managed to insert some educational content as well.

Session Time: Thu Aug 06 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 580K v prior release of 584K (range seen from 550K to 600K)...more...

[08:16] {Threei} AIG... eeck

[08:16] {nemo} OMG

[08:16] {nemo} How do you trade that?

[08:16] {Threei} you don't

[08:17] {nemo} kinda' rhetorical question

[08:17] {Threei} unless you gamble, but then it won't last long

[08:17] {Threei} (US) Obama administration considering reorganization of Freddie Mac and Fannie Mae - Washington Post

[08:17] {Threei} - Companies' troubled assets would be pooled into a govt-sponsored corporation (related FNM FRE AIG XLF IEF TLT SHY EUR/USD EUR/JPY USD/JPY GBP/JPY GBP/USD USD/CHF SPY GLD DIA )

[08:17] {Threei} hiow is it different from what we have today?

[08:17] {Threei} FRE and FNM ARE govt-sponsored corporations

[08:18] {Threei} AIG Stock trading up another $6 on no apparent new news (22.00, 0.00, 0.00%)

[08:18] {Threei} yeah, we noticed

[08:24] {nemo} Mmmmhhhh...I wonder if AIG is being thought of as a FNM FRE?

[08:26] {Threei} NDAQ Exec: notes they are in talks with regulators about flash trading; NDAQ began flash trading in June (21.66, 0.00, 0.00%) (related NYX )

[08:26] {cosmo} AIG's Blames "Perfect Financial Storm" For Its Woes, Cites "Run On the Bank"

[08:26] {cosmo} In A New Twist On Cause Of Collapse

[08:26] {nemo} So it wasn't stupid management?

[08:27] {cosmo} didm't say....

[08:27] {Threei} AIG is effectively insurance company

[08:27] {cosmo} didn't

[08:27] {Threei} know any that would survive all their customers filling claims at the same time?

[08:27] {nemo} always was, but they're sponsored by the government

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 550K V 580KE; CONTINUING CLAIMS: 6.310M V 6.250ME

[08:36] {nemo} market shrugging off the unemployment report so far

[08:36] {jfjf64} mornin

[08:37] {Threei} jf :)

[08:56] {Threei} AIG dropped almost 4 points from high

[08:56] {nemo} why didn't we short? :)

[08:56] {Threei} 3 more and it's actually back in close, lol

[08:57] {larisa} good morning :)

[08:57] {nemo} hi lari

[08:57] {Threei} larisa :)

[08:57] {larisa} nemo, vad :)

[09:02] {JohnK} gm folks

[09:02] {Threei} John :)

[09:05] {fernp} good morning everybody

[09:06] {Threei} fern :)

[09:08] {wulff} just stole .80 from AIG

[09:09] {Threei} :)

[09:09] {jfjf64} nice wulff

[09:09] {wulff} can't trade today, so I feel good about that

[09:18] {ese} good morning.......

[09:19] {Threei} ese :)

[09:21] {Threei} US) White House Econ Adviser Romer: Remains reasonable to predict positive GDP growth by the end of 2009

[09:21] {patel} good morning

[09:21] {Threei} so... what's our next AIG?

[09:21] {Threei} patel :)

[09:22] {nemo} AIG

[09:23] {Threei} this kind of moves rarely happens in vacuum... traders start looking, and usually find, the next name to run ina similar fashion

[09:23] {ese} aig has to be the ultimate short cover......that was pretty amazing to watch yesterday

[09:23] {Threei} well, amazing thing is, it didn't it have that many shorts in it

[09:24] {nemo} 18% or so

[09:24] {Threei} 18% of float was shorted according to July numbers

[09:24] {Threei} whihc is nice to squeeze of course

[09:24] {Threei} but it's not anywhere close to numbers that could warrant ssuch move

[09:28] {Threei} HIG Completes Discretionary Equity Issuance Plan, raising size to $900M from $750M (16.50, 0.00, 0.00%)

[09:29] {nemo} bac moving

[09:29] {Threei} HIG too

[09:30] {jfjf64} hig wow

[09:31] {Threei} Long Setup: HIG .50 break

[09:31] {Threei} if stays above .35

[09:31] {Threei} not a scalp for me

[09:32] {ese} in

[09:32] {jfjf64} in .52

[09:33] {Threei} half out .84

[09:33] {JohnK} great trade HIG thx T :)

[09:33] {Threei} 1/4 more out 18.03

[09:33] {ese} out .04

[09:33] {jfjf64} tytyty

[09:33] {ese} +.50......thank you vad

[09:33] {Threei} stop to b/e for the last piece

[09:34] {Threei} that was my "next AIG" play for the first 5 minutes

[09:34] {Threei} can I go hopme?

[09:35] {nemo} that was too wild for me

[09:35] {jfjf64} .35 break bac ya lk vad

[09:35] {Threei} it was wild on profitable move side... entry was quite normal

[09:35] {ese} yes you may go home.......

[09:35] {Threei} best kind

[09:35] {Threei} enter calmly, dump into crazy jump

[09:36] {ese} question now is.......where will it settle and when to get back in again

[09:36] {jfjf64} ditto that was great stuff

[09:37] {Threei} so rry jf, I am not ingoring you, it's just that BAC answered question by itself

[09:37] {Threei} HURN...

[09:38] {jfjf64} you cd ignor mee no prob +48 cents too start day keep ignor in me

[09:38] {Threei} Long Setup: HIG .60 break if holding .,50

[09:39] {jfjf64} in

[09:39] {Threei} 1:1

[09:39] {Threei} half out

[09:40] {Threei} or scalp

[09:40] {Threei} can't tell this time

[09:40] {jfjf64} all outr

[09:40] {JohnK} thx again T, great trade

[09:40] {Threei} welcome

[09:40] {Threei} jeez, where is magoo

[09:40] {Threei} this is his style trades, he will cry like a baby

[09:40] {jfjf64} ty pls ignore me one more time

[09:40] {Threei} lol

[09:41] {nemo} not after the week he's had

[09:41] {Threei} you clearly don't know magoo very well

[09:41] {nemo} He's probably out shopping for Dino's new computer

[09:41] {Threei} "nevcer enough" is his mortto

[09:42] {jfjf64} met l .40 break

[09:42] {Threei} mistype 2 words out of every 3 is mmine, obviously...

[09:42] {ese} zion off like a rocket

[09:43] {Threei} yeah, traders go over financial names looking for the next AIG

[09:43] {ese} pick a financial institution ....any financial institution

[09:44] {cosmo} tobacco plantations

[09:44] {jfjf64} mbi 6.90 break

[09:45] {jfjf64} in .92

[09:45] {ese} hig Long at .80 vad?

[09:45] {jfjf64} stop

[09:45] {Threei} I'd like it to consolidate closer tyo it ese

[09:46] {Threei} as it stands, srtop would have to be under .60

[09:46] {Threei} a bit too wide for my taste

[09:46] {ese} ok

[09:47] {jfjf64} mbi l .95 stop .80

[09:49] {ese} most financial institutions heading down....blow off top

[09:49] {ese} fitb -.46

[09:49] {ese} etc etc

[09:49] {magoo} morn, running late]

[09:49] {Threei} awwww

[09:50] {jfjf64} invalid mbi

[09:50] {magoo} DO NOT SAY IT:)

06[09:50] * Threei slaps magoo around a bit with a large roll of missed profits

[09:50] {Threei} lookie here mags, after 50 cents move on a first opening trade in a matter of seconds after entry:

[09:51] {Threei} [09:40] {Threei} jeez, where is magoo

[09:51] {Threei} [09:40] {Threei} this is his style trades, he will cry like a baby

[09:51] {Threei} 09:41] {nemo} not after the week he's had

[09:51] {Threei} [09:41] {Threei} you clearly don't know magoo very well

[09:51] {Threei} [09:41] {Threei} "nevcer enough" is his mortto

[09:51] {Threei} 1:2 for those who partialled HIG

[09:52] {magoo} im crying here like a baby..SERIOUSLY

[09:52] {Threei} I know :(

[09:52] {jfjf64} ddr break .82

[09:52] {Threei} HIG opening break, you would be all over it

[09:52] {cosmo} HURN won't die...holding 15.20

[09:52] {magoo} see, i like to make it when we can..never enough

[09:52] {Threei} see this long tail over 18?

[09:53] {Threei} that's where we exited

[09:53] {magoo} AIG too...AW SIGH

[09:53] {Threei} well, AIG doesn't pain me

[09:53] {Threei} that was beyond normal read

[09:53] {Threei} and well beyond normal risk

[09:54] {magoo} any read RIMM here?

[09:54] {ese} HURN looks like a great long bet cos

[09:54] {Threei} RIMM{ not so much

[09:54] {Threei} jf's MBI is of some interest though

[09:54] {Threei} report was not so rosy by it,

[09:54] {Threei} yet it gapped up,

[09:55] {Threei} and look at its daily

[09:55] {cosmo} ese....i think i killed it ...sigh

[09:55] {ese} nawwww....this one will bounce back

[09:55] {Threei} it breaks 7 - 7.10 zone, there is nothing up to 8

[09:55] {cosmo} needs to hold 15 imo

[09:56] {ese} yes agreed

[09:56] {Threei} and if it takes 8, 11 is next, and minor, resistance

[09:56] {Threei} to me, it's now a matter of whether traders consider it "next AIG"

[09:56] {ese} am gonna wait for this one to settle cos.....i'd like to go long on it

[09:57] {ese} higher low in conjunction with market and off it will go

[09:57] {magoo} AIG crashed 3 points

[09:57] {Threei} yeah, it does it now and then, lol

[09:57] {cosmo} hmmm

[09:58] {jfjf64} need market bounce in this ddr

[09:58] {magoo} HIG pulls bk

[09:58] {ese} if i can get drys closer to 6 as well....i'm gonna buy a crap load of that also

[10:02] {ese} vad tell me what you think of SCHW when you get a chance.....one of them consolidating at the highs things

[10:03] {Threei} I like it with market help ese

[10:03] {ese} tks .....

[10:04] {magoo} BAC vad..bouncer

[10:04] {Threei} yes

[10:04] {Threei} usual method of hunting

[10:04] {Threei} .70 break

[10:04] {Threei} stop under .60

[10:05] {ese} l schw .02

[10:05] {Threei} under .64 for extreme scalpers

[10:05] {ese} small

[10:05] {Threei} 1:1 for those pesky extreme scalpers

[10:05] {fernp} ty vad

[10:05] {Threei} 1:1 for the rest

[10:05] {Threei} nice and easy

[10:05] {magoo} in .67 out .82 DL TY BOSS

[10:05] {Threei} hehe

[10:05] {Threei} magoo's revenge

[10:06] {Threei} I envision him buying BAC with scream "that's for missed HIG!!!"

[10:06] {magoo} i was yelling "run forest run" really

[10:06] {Threei} 1:2

[10:07] {Threei} you know this way of bottom hunting guys, just never forget:

[10:07] {Threei} doing this you must be ready for multiple tries

[10:07] {Threei} and that might hurt

[10:07] {Threei} if you are not, do it in a different fashion:

[10:08] {magoo} MBI vad, take a look

[10:08] {Threei} be ready to miss THE bottom, and watch for bottoming formation,

[10:08] {Threei} like double bottom

[10:08] {Threei} not delighted by MBI

[10:09] {Threei} let me explain the thought process

[10:09] {Threei} MBI at this point becomes a failed breakout play,

[10:09] {Threei} it was looked at as possible runner,

[10:09] {Threei} it failed,

[10:09] {Threei} no major attention to it until and unless it retirns to 7 and breaks it,

[10:10] {Threei} so it kind of becomes a food for small pikers till then,

[10:10] {Threei} and that's not who we want to try and profit from.

[10:10] {Threei} that's hard competiton for every 5 cents

[10:10] {Threei} we want big fish to come in and run things

[10:11] {Threei} then we have kind of movement and volume giving us our risk/reqards

[10:11] {Threei} rewards too

[10:11] {Threei} here comes BAXC for p[ossible double bottom

[10:12] {Threei} BAC

[10:12] {Threei} perfect

[10:12] {Threei} same setup

[10:12] {Threei} .70 break

[10:12] {Threei} if holding above .60

[10:12] {Threei} same stop for extreme scalpers as last time too

[10:13] {Threei} and same outcome once again

[10:13] {Threei} 1:1 for pesky scalpers

[10:13] {Threei} 1:1 for the rest

[10:13] {fernp} ty again

[10:13] {Threei} welcome again

[10:13] {nemo} figures, my executor was disconnecte

[10:14] {Threei} you had total interenet disconenction

[10:14] {Threei} [10:03] * nemo (m.ierardo@jtc-16ae938f.ma.comcast.net) Quit (Ping timeout: 121 seconds)

[10:14] {nemo} could see the charts and LII, couldn't enter order

[10:14] {Threei} usually losing connector in such cases

[10:14] {nemo} logging in again now

[10:14] {ese} atvi....pattern right out of vads book........ummmmmm maybe slightly tighter consolidation

[10:16] {Threei} don't go for BAC this time

[10:16] {Threei} it's only on a surface that it loks like the same thing third time

[10:16] {Threei} in reality it's more likely to fail

[10:16] {Threei} there, new low

[10:17] {nemo} short?

[10:17] {Threei} don't know

[10:18] {cosmo} GLBL firm

[10:18] {Threei} back to MBI:

[10:19] {Threei} now that it reached 6, resiastance from yesterday

[10:19] {Threei} it has a chance to put bottom in and become a bounce play

[10:19] {Threei} what I want to see is prolonged consolidation,

[10:19] {Threei} forming of a nice solid resistance level

[10:19] {Threei} then breaking it while never losing 6

[10:20] {magoo} AIG crshed

[10:20] {Threei} jf... you asked for 3 for 3 yesterday

[10:20] {Threei} we got 4 for 4

[10:21] {nemo} 2 higs and bac, what was the other?

[10:21] {Threei} BAC twice

[10:21] {nemo} oh yeah, my internet failure

[10:22] {Threei} this MBI move is not to my liking

[10:23] {magoo} io just raped AIG for a point ..in .60 out 23.63 IM BACK

[10:24] {magoo} im having such a great week i hope dino never comes bacvk...he must be bad luck

[10:25] {Threei} lol

[10:25] {ese} schw strong against market

[10:25] {magoo} better edit that one boss..he reads them some times he he

[10:27] {ese} come on drys........down just a little bit more

[10:27] {larisa} I think dino will like this one, vacation forever, no magoo... :)

[10:27] {cosmo} GLBL waits patiently for mkt reversal

[10:27] {cosmo} me thinks

[10:28] {cosmo} 8.65 hod

[10:29] {magoo} that does it larisa ............

06[10:29] * magoo slaps larisa around a bit with a large trout

[10:29] {nemo} tough magoo

[10:30] {ese} cos....is there a price target on GLBL

[10:30] {nemo} rimm base building

[10:31] {cosmo} should hold 8.30 to stay interesting

[10:31] {ese} CNBC's Faber: Reiterates that move over past two sessions does not appear to be news related; Speculates short squeeze (23.41, +1.41, 6.41%)

[10:31] {ese} duuuhhh......

[10:31] {nemo} yep rimm base built

[10:32] {magoo} yea..and they call him "the brain" for those astute observations

[10:33] {ese} schw....there she blows

[10:36] {ese} stop to break even

[10:39] {cosmo} GLBL tests

[10:41] {ese} out schw .13 +.11

[10:43] {larisa} wow HIG

[10:44] {larisa} 17.20 bottom looks nice now :)

[10:44] {larisa} I got a signal 17.35. DID not take it silly

[10:44] {magoo} yea..was looking at it on cross of .50..missed it

[10:45] {Threei} so... HIG will be new AIG{ looks like

[10:45] {larisa} crossing .50 good wntry too with .43 support

[10:45] {ese} bstop drys .41

[10:45] {Threei} yeah, acts like it

[10:45] {magoo} yea vad..gotta watch if IF traders want to run it 8 points

[10:45] {Threei} picks up the pace, tajkes out resiatnces

[10:46] {Threei} pullbacks are well supprted

[10:46] {cosmo} GLBL tests .65 resistance

[10:46] {cosmo} could hit 9 .....

[10:49] {Threei} okay... in

[10:49] {Threei} stop under .50

[10:49] {Threei} risky as hell

[10:49] {nemo} hig?

[10:49] {Threei} yeah

[10:50] {Threei} can take a few tries

[10:50] {ese} L drys by the way...sorry .39

[10:50] {Threei} but if goes, not selling first partial tll near 19

[10:50] {magoo} i got your back vad..willl follow u anywhere

[10:51] {Threei} no worky

[10:52] {Threei} deeper pullback will be next chance hopefully

[10:52] {Threei} if it breaks from here, it's a shakeout... tough to find re-wentry on those

[10:55] {Threei} .30 break long if stays above .20

[10:55] {Threei} again - stay away if not ready for a few tries

[10:55] {ese} HMIN....heres one i haven't heard of before up +5.5

[10:57] {ese} L fuqi .00 small

[11:00] {chiro} L amgn 61.02

[11:01] {cosmo} GLBL should hold 8.50 ... or its time to walk the dogs

[11:01] {Threei} recalibrating HIG

[11:01] {Threei} .25 break

[11:02] {Threei} stop under .10

[11:02] {magoo} in

[11:03] {ese} fuqi uki......butting up against 28.00 nicely

[11:03] {Threei} 1:1

[11:06] {Threei} losing momo

[11:07] {Threei} not looking good for a big run so far

[11:14] {Threei} US TARP Inspector General: Some recipients of TARP did not necessarily meet quantitative criteria (related XLF )

[11:20] {ese} out fuqi .01 +.01 even....it ain't goin nowhere

[11:22] {ese} rats cos....was watching other things and missed the runup in HURN

[11:33] {ese} nice run for schw

[11:34] {Threei} yup

[11:37] {nemo} cat is up with the $...interesting

[12:03] {_prth} what is your take on the rsi indicator?

[12:03] {Threei} as any of them,

[12:04] {Threei} useful as far as you understand the underlying price action and use it as a visual help to interpret it,

[12:04] {Threei} useless and even harmful if you expect it to tell you what to do.

[12:04] {nemo} the 3i indicator is better

[12:07] {_prth} for example on bac coming down right now looking for a bounce off the low of the day with the rsi dipping below 30 and going above, if it never gets there then no trade

[12:08] {chiro} rimm ..ndl

[12:13] {patience} prth, i use rsi as a substitute for reading level 2 (there's logic in there somewhere). point is, rsi works most of time except for full moon like today, it's august, and euphoria can last longer than common sense. i shorted Teck few days ago based on rsi and took until today to make my profit....sorry, long post

[12:17] {_prth} takes forever because I only take it in the direction of the day and only get 1 or 2 set ups, so today I would only take a long on bac and yes the 3i indicator is way better

06[12:17] * Threei takes a bow

[12:18] {Threei} here is something for you guys and gals to enjoy for the next few minutes, jf excluded:

06[12:18] * magoo slaps Threei around a bit with a large trout

[12:18] {Threei} http://www.realitytrader.com/photography/2009/08/treasures-in-your-own-backyard.html

[12:18] {Threei} patience, ese... for you especially :)

[12:18] {Threei} all images are clickable

[12:19] {patience} life is good here :)

[12:21] {dptl} good morning all

[12:21] {Threei} dp :)

[12:21] {Threei} another late sleepers missing beautifl plays

[12:21] {ese} it sure is patience....nice pictures vad. Was that around the San Juan islands or on the west coast of the island

[12:21] {dptl} no fishing again ..just got back :)

[12:21] {ese} or was that just in fromt of dps house?

[12:22] {Threei} just off Sidney

[12:22] {ese} I didn't kn ow that the sea lions hung out there.....cool

[12:24] {ese} where did the tour originate from....victoria or Sydney?

[12:25] {Threei} Sindey, dock at the bottom of Beacon Ave

[12:26] {ese} couple of miles up the road from you....perfect

[12:28] {ese} is the tour specific.....or will they take you anywhere that you would like to go?

[12:29] {Threei} This one is specicifc but ZI understand they do charter as well

[12:50] {magoo} vad..we in anything?

[12:51] {Threei} coma

[12:51] {nemo} beat me to it

[12:51] {Threei} (predictable answer, but then again, you knew it when asked)

[12:51] {nemo} certain things must be routine

[12:58] {magoo} vad..HIG gets active

[12:58] {Threei} White House press secretary Gibbs: GSE reform will be part of the financial market regulation overhaul, but no meeting specific to reforming Fannie and Freddie is planned

[12:58] {Threei} - says any decision on reform for the GSE's is "light years away."

[12:58] {Threei} - reminder: The Washington Post reported this morning that the Obama Administration is considering reorganization of Freddie Mac and Fannie Mae.

[12:58] {Threei} - On Korea, Gibbs insists no change in US policy toward North Korean nuclear program following President Clinton's mission.

[12:59] {jfjf64} what up guys steped away

[12:59] {Threei} oh, just some new pics for you jf

[12:59] {jfjf64} ahhhhhhhhhhhhhhhhhhhhh

[12:59] {jfjf64} not pics

[12:59] {jfjf64} lol

[13:01] {ese} pitty the people who bought AIG close to 30 thinking it was gonna still keep heading up

[13:03] {magoo} no..they all sold out

[13:05] {Threei} ummm

[13:05] {Threei} to whom? :)

[13:05] {jfjf64} ago .20 break

[13:10] {jfjf64} invalid

[13:29] {ese} well she wouldn't get kicked out of Disneyland

[13:29] {Threei} who?

[13:30] {nemo} belle

[13:30] {ese} belle

[13:30] {Threei} gosh... you guys... :)

[13:30] {Threei} you keep those mesages in main window?

[13:30] {nemo} didn't know you could remove them

[13:30] {ese} keep ....keep....they just show up

[13:31] {Threei} mine are in status

[13:31] {Threei} why clutter #discussions

[13:31] {larisa} lol

[13:32] {jfjf64} .15 break ago

[13:32] {nemo} how do you remove it

[13:32] {nemo} on what jf?

03[13:32] * Retrieving #discussions modes...

[13:33] {jfjf64} AGO

[13:33] {Threei} lol

[13:33] {nemo} yuk yuk yuk

[13:38] {jfjf64} this ago died on me ohh well

[13:53] {jfjf64} .84 short ago

[13:53] {nemo} which stock :)?

[13:57] {jfjf64} half out

[13:58] {jfjf64} all out

[14:01] {jfjf64} grrrr

[14:02] {nemo} draw a trend line next time

[14:08] {jfjf64} .55 l ago

[14:09] {nemo} Hasn't broken trend why going long?

[14:09] {larisa} nemo, did you know not all people trading using trend lines ? :) there are million systems out there :)

[14:10] {jfjf64} bounce time

[14:10] {nemo} I was asking why, that's all, had been staying under the BB ma

[14:11] {jfjf64} ty larissa

[14:11] {larisa} I understand. Always amazes me, how 2 people can look at same stock and have opposite view what to do with it

[14:12] {nemo} that's why I was asking "why?"

[14:12] {larisa} lol

[14:12] {jfjf64} vad ya in coma

[14:12] {Threei} always

[14:12] {Threei} why?

[14:13] {jfjf64} no reason

[14:13] {larisa} will market bounce vad ?

[14:13] {larisa} :)

[14:13] {larisa} and when and why

[14:13] {Threei} then, why you ask... and why nemo asked why... so many why's, my head hurts

[14:14] {Threei} and where is Billy

[14:14] {nemo} I didn't ask you vad

[14:14] {Threei} why?

[14:14] {Threei} I mean, thank you

[14:14] {nemo} because jf made the call

[14:15] {jfjf64} nemo needs a drink

[14:15] {nemo} you were in coma

[14:15] {nemo} don't drink

[14:15] {jfjf64} lol

[14:15] {Threei} as if my being in coma ever prevented anything

[14:15] {jfjf64} sd i tk my 1/1 nemo

[14:15] {jfjf64} lol

[14:16] {larisa} I want bounce now!

[14:16] {nemo} kewl

[14:16] {nemo} what did you see jf?

[14:16] {jfjf64} how is trend line

[14:16] {nemo} gone

[14:16] {jfjf64} lol

[14:16] {nemo} what did you see to call that?

[14:17] {jfjf64} nada gut sometimes it works

[14:17] {nemo} sorry I asked

[14:17] {jfjf64} lked the V on the chart

[14:18] {nemo} I thought maybe the volume spike but there had been several before that

[14:20] {jfjf64} done

[14:20] {nemo} thought you'd get 1:2

[14:21] {jfjf64} i always run away too soon

[14:22] {jfjf64} thats my problem

[14:22] {nemo} do you see my footprints as you're leaving?

[14:22] {jfjf64} profit is profit

[14:23] {jfjf64} that is hard part of this gm

[14:24] {jfjf64} watchin chk

[14:24] {jfjf64} .35

[14:25] {jfjf64} .35 break

[14:26] {jfjf64} vad 5 cent stop ok with this

[14:28] {Threei} a bit too tight...

[14:28] {Threei} I don't see real support above .25

[14:29] {jfjf64} ty

[14:31] {ese} zzzzzzzzzzzzzzzzzzzzz ahem....ummm ya ya ahhh well done jf zzzzzzzzzzzzzzzzz

[14:33] {nemo} gotta' go. cya

[14:34] {Threei} why?

[14:34] {ese} zzzzzzzzzzzzzzz ahem....ummm ya ya ahhh ya cya nemo zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[14:34] {jfjf64} sxci .71 break

[14:35] {magoo} HIG crosses 18 vad

[14:35] {Threei} no mags

[14:35] {Threei} need more consolidation

[14:36] {Threei} it can turn a trap just as easy

[14:36] {magoo} k

[14:39] {jfjf64} chk invalid here

[14:43] {jfjf64} sxci invaid

[14:49] {jfjf64} .84 s hig

[14:55] {jfjf64} .95 l hig

[14:56] {jfjf64} break

[14:56] {jfjf64} in

[14:59] {jfjf64} cant get out of own way

[15:06] {jfjf64} comon sale hig

[15:10] {jfjf64} 1/1 hig

[15:10] {magoo} nice

[15:10] {dptl} have a good evening all

[15:10] {jfjf64} halfout

[15:10] {larisa} hope you used trendline :)

[15:11] {fernp} you too dp

[15:11] {jfjf64} stop .95

[15:11] {jfjf64} stop .05

[15:13] {jfjf64} out

[15:13] {larisa} nice

[15:13] {jfjf64} ty

[15:13] {jfjf64} trend line work

[15:14] {larisa} lol

[15:14] {larisa} they do actually, did not mean to upset nemo :)

[15:15] {jfjf64} all good

[15:26] {jfjf64} good night all

[15:27] {Threei} take care jf

[15:27] {fernp} good nite jf

[15:28] {jfjf64} yankkee/boston series here startin tonight busy with tickets

[15:39] {Threei} guess who is on TV

[15:42] {ese} well alrighty then......i'm still long my position in drys at .40.....gonna keep it....see you all tomorrow.....

[15:42] {Threei} take care ese

[15:42] {ese} see ya vad....

[15:42] {fernp} good evening all. see u tomorrow

[15:43] {Threei} fern :)

[15:44] {magoo} i have an apptmt...greatr day tY boss

[15:44] {magoo} bye all

[15:44] {Threei} taake care mags

[15:44] {Threei} I don't think we intend to take any more trades today

[15:44] {Threei} and everyone scrams

[15:44] {Threei} let's call it a day?

[15:44] {magoo} but u will now to rub it in right?

06[15:45] * magoo slaps laserdave around a bit with a large trout

06[15:45] * magoo slaps laserdave around a bit with a large trout

06[15:45] * magoo slaps laserdave around a bit with a large trout

[15:45] {larisa} bye all :)

[15:45] {Threei} nah... I embrace kinder and gentler self

[15:45] {Threei} larisa :)

[15:45] {Threei} thank you all, have a good evening

[15:45] {Threei} see you tomorrow

Aug 05 2009

Nice and steady day, with profitable trades on BAC, LLTC, RIMM, AIG and stops on NVAX and HEV. Some nice momentum plays occur in financials.

Session Time: Wed Aug 05 00:00:01 2009

[08:26] {dptl} good morning all

[08:38] {Threei} Good morning

[08:39] {dptl} :)

[08:40] {dptl} dptl -} sleepless in vancouver

[08:41] {Threei} lol

[08:41] {dptl} :)

[08:43] {magoo} morn

[08:43] {Threei} magoo :)

[08:45] {magoo} whatcha lookin at?

[08:45] {Threei} finnies are green

[08:45] {Threei} BAC... WFC...

[08:46] {magoo} yea..they closed strong

[08:46] {magoo} hows monestasry :)?

[08:47] {Threei} won't tell... you'll all follow me and crowd the premises

[08:47] {Threei} anyone tried GETCO route?

[08:47] {magoo} no..is it supposed to be better?

[08:49] {Threei} it's free

[08:49] {Threei} no ECN fee

[08:50] {dptl} does it hit everything?

[08:50] {Threei} I don't know

[08:50] {Threei} did you see a n opening inforblurb?

[08:51] {Threei} they cite fill rate

[08:51] {dptl} yes

[08:51] {magoo} did GGC report this morn? can u check?

[08:51] {Threei} Yesterday 18:31 GGC Reports Q2 -$2.13 v -$11.25e, R$524M v $550Me

[08:51] {Threei}

[08:53] {JohnK} gm folks

[08:54] {larisa} good morning :)

[08:56] {dptl}

[08:56] {Threei} john, larisa :)

[08:58] {larisa} vad, dp :)

[08:59] {dptl} lots of talks about flash trading this morning on the news

[09:00] {Threei} someone does great job throwing distractions in

[09:02] {fernp} good morning everybody

[09:02] {Threei} fern :)

[09:04] {ese} gooooooooooood morning!

[09:04] {Threei} ese :)

[09:05] {ese} anything new and exciting......ladies and germs

[09:06] {Threei} new day

[09:07] {ese} thas exciting for sure

[09:07] {Threei} FITB tries to trade over yeasterday's high

[09:07] {ese} suppose to get some rain today here on the island

[09:08] {JohnK} where are you ese?

[09:09] {ese} victoria , British Columbia Canada

[09:09] {ese} et vous?

[09:10] {JohnK} je suis at New Jersey, USA :-)

[09:12] {ese} ahhhhh.....Lou Solof.....the trumpet player from the Blood Sweat and Tears band lives there.......he's a very close friend of my university professor mentor

[09:12] {nemo} What gooees up....

[09:13] {ese} must come down.....spinin wheel gotta ta go round.....what a great tune

[09:19] {ese} grmn....+5.73.......hmmmmmm....lots of people lost i quess

[09:19] {jfjf64} mornin all

[09:19] {Threei} jf :)

[09:20] {jfjf64} lets go 3-0 out of box

[09:20] {Threei} Garmin Ltd Reports Q2 $0.83 v $0.51e, R $669M v $657.1Me

[09:20] {Threei} - Q2 gross margin 52.6% v 44.9% q/q

[09:20] {Threei} - Q2 North America revenue $436M v $265M q/q

[09:20] {Threei} - Q2 Europe revenue $198M v $144M q/q

[09:20] {Threei} - Q2 Asia revenue $35M v $28M q/q

[09:28] {nemo} ese...saw BST in a little club in Bavaria in 1984

[09:28] {nemo} or was it David Clayton Thomas...oops...too many beers

[09:28] {Threei} BAC looks to be a candidate for the first play

[09:29] {magoo} watch wfc too

[09:31] {cosmo} ACAS

[09:31] {cosmo} gonna test

[09:31] {cosmo} wants 3

[09:32] {Threei} Long Setup: BAC 16 break if holding 15.90

[09:32] {Threei} (US) Treasury's Barr: Sense of free fall in economic indicators has ended

[09:32] {Threei} - Should not provide a gov approved model for rating agencys

[09:32] {Threei} - Oversight of credit ratings agencies need to be done on evolving basis

[09:33] {Threei} SOLR Hearing upgraded to Hold from Reduce rating at Boutique firm

[09:34] {Threei} Long Setup: BAC 15.90 break if holding 15.85

[09:34] {ese} bstop yhoo .78

[09:35] {ese} in

[09:35] {nemo} in

[09:35] {patel} in

[09:35] {jfjf64} in

[09:36] {Threei} over 1:1 for scalpers

[09:36] {fernp} ty vad

[09:36] {Threei} :)

[09:36] {nemo} out ty

[09:36] {JohnK} good trade BAC thx T

[09:37] {BillyD} ty Vad

[09:37] {Threei} welcome guys

[09:37] {Threei} guess who is on TV

[09:37] {magoo} look whos on tv

[09:37] {nemo} clinton

[09:37] {Threei} you wish

[09:37] {nemo} he just got bak from PRNK

[09:37] {Threei} BAC 1: my math abilities are not enough

[09:38] {jfjf64} tty

[09:38] {wulff} +.30

[09:38] {nemo} 1:5

[09:38] {jfjf64} x l .20

[09:38] {magoo} i missed it too..computer froze

[09:38] {patel} n ice call on BAC

[09:38] {patel} still holding on to 100 shares

[09:38] {nemo} you could miss the week after yesterday mags

[09:39] {nemo} you get the duct tape for Dino's system?

[09:39] {jfjf64} all out x

[09:39] {jfjf64} +8 cents

[09:39] {ese} out yhoo .84 +.06

[09:40] {Threei} watching WFC for pullback entry

[09:40] {Threei} just under 27 would be nice

[09:41] {cosmo} FWLT hod = 27 ....so far

[09:42] {Threei} Long Setup: LLTC .50 break if stays above .40

[09:43] {ese} L HBAN .62

[09:43] {fernp} in

[09:44] {patel} in

[09:44] {nemo} missed

[09:44] {Threei} VNDA??

[09:44] {jfjf64} .65 break break ese im takin ese

[09:44] {Threei} 1:1 LLTC

[09:45] {fernp} ty vad

[09:45] {Threei} welcome

[09:46] {JohnK} LLTC :) too thx again T

[09:47] {patel} 2 for 2 baby

[09:47] {patel} thats what i'm talking about

[09:47] {patel} great calls this morning

[09:47] {jfjf64} nice one more vad

[09:48] {nemo} one?

[09:48] {Threei} [09:20] {jfjf64} lets go 3-0 out of box

[09:48] {BillyD} mkt sell off

[09:48] {jfjf64} ty vad

[09:48] {jfjf64} nemo sleepin

[09:48] {ese} out HBAN .67 +.05

[09:49] {wulff} WFC pullback

[09:49] {nemo} sorry, up all night

[09:50] {Threei} Long Setup: NVAX 5.40 if holding above .30

[09:50] {wulff} so much for lltc

[09:51] {nemo} in

[09:51] {cosmo} FWLT hod = 27.55 ....so far

[09:52] {ese} I want HBAN again ....just am deciding where

[09:52] {jfjf64} ese

[09:52] {Threei} FITB back into yesterday's high

[09:53] {jfjf64} in .68

[09:53] {jfjf64} need push

[09:53] {ese} would prefer a deeper pullback but if not will take .65 break this time

[09:54] {ese} hmmmmmmm might rethink this....financial index now down

[09:56] {ese} anybody in NVAX.....thats on my radar

[09:57] {nemo} yes

[09:57] {Threei} stopped

[09:57] {nemo} just got stopped

[09:57] {Threei} sorry jf... 2 out of 3

[09:57] {wulff} had high hopes for NVAX

[09:57] {BillyD} NVAX true to form

[09:57] {Threei} market dropped pulled it

[09:58] {jfjf64} wfmi .56 break

[09:58] {BillyD} good risk reward

[09:58] {jfjf64} in

[09:59] {jfjf64} 1/1

[09:59] {jfjf64} half out

[10:00] {Threei} JULY ISM NON-MANUFACTURING COMPOSITE: 46.4 V 48.

[10:00] {Threei} JUNE FACTORY ORDERS: 0.4% V -0.8%E

[10:00] {ese} l mee .48

[10:01] {jfjf64} out

[10:02] {ese} out mee .20 grrrrrrrrrr=.28

[10:02] {ese} -.28

[10:02] {jfjf64} stoped hban

[10:03] {nemo} nice drop amzn

[10:03] {jfjf64} rdn .40 breal

[10:03] {BillyD} RDN is starting a CC right now JF ...fyi

[10:04] {nemo} a cc?

[10:04] {BillyD} conference call

[10:04] {nemo} oh

[10:04] {BillyD} after eps

[10:04] {jfjf64} in .43

[10:06] {jfjf64} out 3 cents no lk cc

[10:13] {Threei} Long Setup: RIMM .60 if stays above .45

[10:14] {jfjf64} in .65

[10:14] {magoo} in .58

[10:14] {jfjf64} slippy

[10:14] {JohnK} too fast for me

[10:15] {Threei} 1:1

[10:15] {jfjf64} go go go go

[10:17] {jfjf64} great vol

[10:18] {jfjf64} all out

[10:18] {jfjf64} ty vad

[10:19] {tomg} ty vad

[10:19] {Threei} welcome guys

[10:24] {ese} L hban.50

[10:26] {magoo} u reading GRMN boss?

[10:26] {Threei} 33 break is obvious setup

[10:26] {Threei} volatile...

[10:26] {jfjf64} wfmi break of 30.00

[10:26] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:26] {Threei} **consensus expectations:

[10:26] {Threei} Crude: +800Ke

[10:26] {Threei} Gasoline: -1Me

[10:26] {Threei} Distillate: +1.2Me

[10:27] {jfjf64} in .03

[10:28] {jfjf64} gets passed .13 gettin paid

[10:28] {magoo} AXL moves

[10:29] {Threei} AXL CFO: Lowering break even levels to 6K axles per day; on track to accomplish goal by end of 2009 - conf call

[10:29] {Threei} - believe 1H 2009 will be the low point in production volumes.

[10:29] {nemo} looks like oil numbers might be bullish

[10:29] {Threei} 8 ball?

[10:30] {nemo} nevermind erx dropped must be bearish

[10:30] {jfjf64} vad

[10:30] {Threei} DOE CRUDE: +1.67M V +800KE

[10:30] {nemo} really dropped

[10:30] {jfjf64} 8 ball

[10:30] {Threei} GASOLINE: -220K V -1ME; DISTILLATE: +1.1M V +1.2ME; CAPACITY UTILIZATION: 84.5% V 84.4%E.

[10:31] {nemo} aig in a good mood today

[10:32] {Threei} yeah

[10:32] {Threei} 14 break in retrospect was no brainer

[10:32] {Threei} didn't watch it at the time

[10:33] {nemo} only got 3i's

[10:33] {jfjf64} need 4i

[10:34] {Threei} AXL some enthusiasm...

[10:36] {jfjf64} this wfmi drivin me crazy hv stop at .85

[10:37] {jfjf64} showin strong

[10:39] {Threei} a lot of talk about 2B investment in car batteries development

[10:40] {Threei} I have ABAT on top of my memory

[10:40] {Threei} anything else?

[10:40] {BillyD} can't remeber

[10:41] {BillyD} can't spell either

[10:41] {Threei} welkome to ze klub

[10:42] {jfjf64} jpm vad ya lk 41 break or traap

[10:42] {Threei} with stop under .90, it's a valid try

[10:43] {jfjf64} too fast pass

[10:44] {Threei} 1:1

[10:44] {Threei} the way to enter this kind, when it's a bit too fast on a break, you don't want to chase and don't want to get filled on the way back when it's exhausted

[10:44] {jfjf64} reads there fingers too slow

[10:44] {Threei} enter limit at the price you are willing to chase to,

[10:45] {Threei} let's say 41.03

[10:45] {ese} are you in jpm jf?

[10:45] {jfjf64} nope

[10:45] {Threei} if it gets you in, fine, play it from normal risk reward ratio point of view,

[10:45] {Threei} if miss, keep an order in for a fill on pause BUT

[10:45] {ese} that was a good call

[10:45] {Threei} cancel it if a stock reaches 1:1

[10:46] {jfjf64} makes sence even with 2500 to 3000 shares

[10:46] {jfjf64} ??

[10:46] {Threei} you may still want it if it pauses and pulls back slightly from let's say 41.05 - 06

[10:46] {Threei} but if it reaches 1:1 and drops all the way back into trigger, it's a different ballgame,

[10:47] {Threei} you now need to re-evaluate whether a play still valid as conservative entry

[10:47] {Threei} or it was just a scalp and it's ovewr

[10:47] {Threei} as a first idea what to look for:

[10:47] {ese} yes

[10:47] {Threei} if it drops back into 41, stalls,

[10:47] {ese} quick in and out

[10:48] {Threei} makes little move up and down between 41 and 41.05

[10:48] {Threei} you may want a new entry on .05 break,

[10:48] {Threei} but the huge difference with original idea will be:

[10:48] {Threei} your stop now is under 41, not under 40.90 as it would be with original entry

[10:48] {Threei} see what I mean by saying it's a new game?

[10:49] {jfjf64} thanks i follow

[10:50] {patel} Threei, thoughts on T

[10:50] {Threei} I'll try hood, fake mostauge and dark sunglasses tomorrow... will see how successful you are then

[10:50] {jfjf64} lol

[10:51] {Threei} T... I don't see anything but short at .70

[10:51] {Threei} if stays under .80

[10:51] {patel} yes i like it short below 70

[10:51] {patel} 10 cents risk

[10:51] {patel} are you seeing that

[10:51] {jfjf64} double bottom lower vad or bounce market

[10:51] {Threei} that's what I said patel :)

[10:51] {Threei} rather breakdown and further down jf...

[10:52] {patel} lol

[10:52] {Threei} ahha

[10:52] {Threei} newswire heard me and answered:

[10:52] {Threei} (US) US Administration: To give out approx $2.4B to US automakers to develop advanced auto/vehicle batteries (related ABAT JCI ALTI HEV F GM F.IT F )

[10:53] {jfjf64} aig

[10:53] {BillyD} ALTI was the one I couldn't remember

[10:53] {Threei} yeah but looks like total POS

[10:53] {jfjf64} pos

[10:53] {BillyD} I remembered that part from past

[10:53] {Threei} US) Treasury Dept: Need to act in a way that clearly shows the market that Govt is set on serious financial reforms

[10:54] {Threei} this statement is wrong in so many ways, I don't even know where to begin

[10:54] {Threei} need to act in a way to show something?

[10:54] {Threei} if you ARE serious about it, why not just proceed and do it?

[10:54] {Threei} or,

[10:54] {jfjf64} looks breakout comin

[10:55] {Threei} you guys see yourself as entity that must teach market about something?

[10:55] {Threei} or resist it?

[10:55] {Threei} or fight it?

[10:56] {Threei} this is so indicative of their very way of thinking... "we need to show the market that we are serious about controlling it"...

[10:56] {Threei} {--- back to monastery

[10:56] {jfjf64} show me da money cd give 2 s t

[10:57] {jfjf64} fas c/h .10 break

[10:58] {ese} L jpm .06

[10:59] {patel} Threei, BK break of 29 with a 10 cents risk???

[10:59] {jfjf64} in .13 on pbk vad

[10:59] {patel} or would it be chasing it here

[10:59] {jfjf64} 1/1 fas

[10:59] {Threei} hard to tell BK

[10:59] {Threei} it's kind of 50/50 but risk is small

[11:00] {jfjf64} out

[11:01] {jfjf64} later guys gotta run

[11:01] {magoo} grtmn dump

[11:01] {Threei} take care jf

[11:02] {jfjf64} to da bank boys lol

[11:02] {Threei} CNP Applies for $200M Federal Stimulus Grant to Accelerate Current Smart Meter Project and Begin Building Self-Healing Grid

[11:02] {Threei} - If granted, CenterPoint Energy Houston Electric will use $150M of the requested $200M grant to accelerate its current smart meter and associated equipment installation that make up its Advanced Metering System (AMS).

[11:02] {Threei} - The $50M balance will be used to accelerate the installation of the first phase of CenterPoint Energy Houston Electric''s Intelligent Grid (IG) that utilizes the AMS and other technologies to build a self-healing grid, and improve operational efficiency and reliability.

[11:03] {Threei} NY Fed: Purchased $7.25B in $300B outright coupons purchase; Dealers submitted $17.91B for consideration (bid to cover 2.47)

[11:03] {Threei} - Heaviest purchase was $4.1B in the 05/31/14 maturity

[11:09] {magoo} AIG

[11:10] {tomg} CAT

[11:10] {ese} out pjm .23 +.17

[11:10] {ese} takes a bit of a dent out of that mee trade

[11:11] {Threei} AIG is serious

[11:11] {ese} i know he's gone but thanks jf

[11:12] {ese} wow is it ever

[11:12] {nemo} volumes are all around 1.5X average on indexes

[11:15] {BillyD} Vad, WFC got any life over 27?

[11:15] {Threei} most likewly yes

[11:15] {BillyD} is it worth it to you

[11:15] {nemo} R1 @ 27.30

[11:17] {magoo} anyone cattch AIG?

[11:17] {Threei} Goldman Sachs note today states Goldman on Friday raised its US GDP forecast

[11:17] {magoo} so fast, i alerted but had to focus'

[11:18] {Threei} I think so Billy

[11:18] {Threei} want to see market help of course

[11:19] {BillyD} can you believe it...step away for water and miss it lol

[11:19] {Threei} lol

[11:19] {Threei} water... humanity's eternal enemy

[11:20] {Threei} wait... that was beer

[11:20] {Threei} or vodka

[11:20] {BillyD} it breaks w/out mkt help

[11:20] {BillyD} oh well

[11:21] {magoo} jpm working nicely

[11:40] {Threei} watching CNP, trying to get a feel whether it's preparing for a run

[11:41] {magoo} BAC highs

[11:41] {magoo} neatr

[11:41] {magoo} near

[11:51] {magoo} vad u read AIG?

[11:54] {Threei} there is no technicals to it

[11:54] {Threei} momo runner

[11:54] {Threei} either you get a feel for momop continuation or not,

[11:54] {ese} mags are you long jpm?

[11:54] {Threei} and risk is well beyond average tolerance

[11:56] {Threei} guess who is on TV

[11:57] {BillyD} T may be resets for short

[12:01] {magoo} i was off vads call @ .10, out now jpm

[12:01] {magoo} id cut it

[12:01] {magoo} will pullbk

[12:05] {ese} nice one mags where did you get out?

[12:07] {Threei} HEV big pullback

[12:12] {BillyD} AXL

[12:12] {BillyD} what ya think Vad on .50

[12:12] {Threei} AIG... feels like going to 18

[12:12] {ese} L drys .66

[12:14] {Threei} 18 on the nose

[12:14] {magoo} stealking my thunder

[12:15] {Threei} I am good at stealking

[12:15] {nemo} up 33% on no news

[12:15] {Threei} no idea Billy... 3 was more or less legit

[12:15] {BillyD} ty

[12:15] {Threei} 3.50 is way too high for my yaste

[12:15] {Threei} taste

[12:17] {nemo} 20 for aig?

[12:18] {magoo} i hit it 18 to 19.02 AIG

[12:18] {magoo} 2k

[12:19] {magoo} A

[12:19] {magoo} I

[12:19] {magoo} G

[12:20] {ese} nice mags.......trader after my own heart

[12:22] {magoo} i been crushing them lastt 2 days..just feelin the ,momo

[12:22] {magoo} i alert or ask vad, but no way to call it

[12:22] {Threei} yup

[12:22] {Threei} great job nonetheless

[12:22] {magoo} i could kill someone if they dontknow how to "feel" it

[12:22] {BillyD} lol

[12:23] {magoo} im a momo trader

[12:23] {magoo} and ill take sizer

[12:23] {magoo} size

[12:23] {ese} no i like "sizer"

[12:23] {ese} thats lingo man lingo

[12:24] {magoo} what i need to take is typiong lessons

[12:24] {Threei} u may vant to asq me abut me typein teechear

[12:24] {ese} and you have been killin it these last couple of days....good on ya

[12:25] {magoo} i hit thatt GGC for like 8 points yestrday

[12:25] {magoo} short of coutrse

[12:25] {ese} i know....that was amazing

[12:25] {ese} even more amazing........

[12:26] {magoo} but see..i could have went against me 20 points so npo way i could call it for room

[12:26] {magoo} its a widow maker

[12:26] {ese} like russian submarines

[12:26] {ese} they used to call them widow makers

[12:28] {magoo} but..if IF i ask vad or put up a symbol..it means i am looking at it..and usually going

[12:29] {Threei} and if I say "risky as hell", magoo doubles his share size

[12:29] {magoo} vad, nice call WFC off 27

[12:29] {magoo} just cut it .48

[12:29] {Threei} :)

[12:29] {magoo} well..risk IS our businezz correct

[12:30] {larisa} no:)

[12:30] {ese} i'm still long hban at .50 by the way

[12:30] {larisa} maintaining it is :)

[12:30] {magoo} more risk ..more reward

[12:30] {magoo} with a dash of setup..a smidge of control..and a whole lotta luck

[12:31] {Threei} and prayer

[12:31] {Threei} and chicken entrails

[12:31] {Threei} and the bone from bat's ear

[12:31] {magoo} thats why agree with ese yesterday..i am stressed all time :)

[12:32] {magoo} i functioned in a constant streess environmt

[12:32] {nemo} aig setting up short?

[12:32] {magoo} not avail laser

[12:32] {ese} odd......i'm not feeling stressed as much today as yesterday and i'm down about $800

[12:32] {magoo} u taking vads advice and drinking?

[12:33] {larisa} AIG earnings on Friday, intersting how high it can go

[12:33] {ese} heavily

[12:33] {dptl} yep vodka might help magoo

[12:33] {ese} and dp's advice as well.....smoothe vodka

[12:33] {dptl} he he :)

[12:34] {ese} vads advice was vodka...dp's...make it smooth vodka

[12:34] {Threei} 71% Say Obamas Policies Have Driven Up Deficit

[12:34] {Threei} 54% Favor Middle Class Tax Cuts Over New Health Care Spending

[12:35] {Threei} those are damning numbers

[12:36] {JohnK} look right to me :)

[12:38] {ese} ya and it just damned my profit in habqan

[12:38] {ese} hban

[12:39] {ese} sheesh

[12:41] {ese} how bout uaua

[12:50] {Threei} HEV Hearing Kaufman Bros. making positive comments; Maintains Buy rating, price target $9 (timing uncertain) (7.08, +0.56, 8.59%)

[12:57] {ese} OK technical point.....this is the seventh day of a narrow range 7 for drys......theoretically this thing should just up from here based on that last earnings report.......

[12:57] {ese} jump

[13:00] {Threei} IPXL Receives Final FDA Approval for Generic Depakote Extended-Release 500mg Tablets

[13:00] {Threei} - FDA has granted final approval of the Companys Abbreviated New Drug Application for generic versio... (27.48, +0.98, 3.70%) more...

[13:01] {Threei} AIG Trading up 40% on no apparent news

[13:01] {Threei} - note that AIG is scheduled to report earnings on Friday morning and has already said it will not h... (18.85, +5.33, 39.42%) more...

[13:04] {Threei} believe it or not...

[13:05] {Threei} AIG looks like new consolidation

[13:05] {Threei} for another runup

[13:08] {Threei} UQM Awarded $45.1 Million Grant from the U.S. Department of Energy to Accelerate the Deployment of the Next Generation of Electric Vehicles

[13:11] {Threei} easiest money I've made today

[13:11] {nemo} on what?

[13:11] {Threei} 5.06 - 5.45

[13:12] {nemo} oh

[13:12] {nemo} what stock

[13:12] {larisa} lol

[13:12] {Threei} sigh

[13:12] {larisa} I thought you talking AIG

[13:12] {nemo} me too

[13:12] {Threei} nemo... look at this line by me about money made... then slowly gently lift your line of sight by just 2 lines

[13:13] {nemo} ok

[13:14] {dptl} lol

[13:15] {Threei} AIG, look at the dance it did for 10-15 min just above 17, at roughtly 12:00 - 12:15

[13:15] {Threei} did pretty much the same around 19 when I made that comment

[13:15] {Threei} and exploded from there again

[13:18] {Threei} 20 in sight

[13:19] {Threei} AIG Investor Relations: Not aware of any news to account for today's stock move (32.81, -0.59, -1.77%)

[13:19] {Threei} Notes that outside of the CEO succession and confirming earnings date, has no additional information

[13:23] {magoo} out .91 TY vad on AIG alert

[13:23] {magoo} nice one

[13:24] {BillyD} gj

[13:24] {Threei} :)

06[13:25] * magoo slaps Threei around a bit with a large trout

[13:25] {Threei} :(

[13:25] {magoo} the monastery is working for u

[13:25] {ese} nice one mags

[13:25] {magoo} u kickin butt today vad

[13:27] {Threei} (US) FHFA's Lockhart to reportedly step down soon - unconfirmed report (related FNM FRE )

[13:29] {nemo} aig, this is just incredible

[13:30] {Threei} giant squeeze

[13:31] {nemo} what was the short ratio?

[13:32] {magoo} bak in ittttttttttttt

[13:32] {Threei} not overly high...

[13:32] {Threei} Short Percent of Float 18.81 %

[13:32] {Threei} July info

[13:32] {nemo} no, so how the squeeze

[13:33] {Threei} just mass husteria then

[13:33] {Threei} hysteria

[13:34] {BillyD} overall a good thing for mkt trader confidence

[13:34] {Threei} mags... don't overstay your welcome

[13:34] {BillyD} some momo to return hopefully

[13:34] {Threei} when it's done it won't give much chance for orderly exit

[13:34] {Threei} not to women, not to children, not to elderly

[13:35] {magoo} oh sorry out .42 from .40 +point

[13:36] {Threei} good

[13:36] {Threei} not even speaking of halt possibility

[13:36] {magoo} OH DO NOTEVEN SAY ITTT

[13:42] {ese} vad is that AIG's float your talking about thas short?

[13:42] {magoo} man..can u imagine old school wall street who sold in may and went away vad

[13:43] {Threei} yes ese

[13:43] {Threei} lol mags

[13:43] {ese} that would explain a few things

[13:43] {Threei} just proves that most of those "tested and proven" sayings is bs

[13:43] {nemo} guess the welcome isn't over

[13:43] {Threei} what everyone knows isn't worth knowing

[13:44] {nemo} yeah, but this ain't your old school market

[13:49] {Threei} VZ) Venezuela's Chavez: may nationalize any companies that break laws; do not have a set list of sectors that will be nationalized

[13:49] {Threei} - says lawful private companies can continue on

[13:49] {Threei} - Reminder: yesterday Chavex commented that would expropriate certain coffee companies

[13:50] {Threei} cool

[13:50] {Threei} company breaks law - nationalize it

[13:50] {ese} Out drys .75 +.09

[13:50] {larisa} or execute like they do in China :)

[13:51] {Threei} or both

[13:51] {larisa} World is too funny lately

[13:51] {magoo} 22.96 was the reverse split high AIG before it was crushed

[13:51] {nemo} or pass a law and retroactively charge them

[13:55] {ese} Out HBAN .56 +.06 it a good day

[13:55] {ese} it's

[13:56] {nemo} gotta' go...c u 2 morow insha Alah

[13:57] {larisa} bye nemo :)

[13:57] {ese} i'm with ya nemo.......see you all tomorow......getting ready to go to Copenhagen Denmark

[13:57] {Threei} Long Setup: HEV .85 - .90

[13:57] {Threei} if holding above .80

[13:58] {Threei} .75 is a bit better stop technically but I am trying to keep it in scalping framework risk qwise

[13:59] {Threei} take care ese

[14:04] {Threei} if it goes, planning to sell half above 7 and see about secind half - maybe offer it into eod run closer to 7.20, maybe even hold some overnight

[14:07] {Threei} VP and cabinet fan out to hold townhall meetings and speeches about recovery plan success

[14:07] {Threei} do these guys ever stop campaigning?

[14:07] {Threei} someone should have told them election is over

[14:11] {Threei} (US) SEC's Schapiro confirms evaluation of 'flash trading' and the surrounding inequity associated with the trading - CNBC interview

[14:11] {Threei} - Notes that the SEC is moving 'quite decidely' toward banning flash trading, but still must move through regulatory process, so can not be done instantaneously.

[14:22] {JohnK} nice scalp HEV, thx T :)

[14:23] {patel} u still plan on keeping it to 7

[14:23] {patel} threei

[14:26] {Threei} ?

[14:26] {Threei} did anything change?

[14:27] {Threei} no go

[14:27] {JohnK} got in at .85, out at .89

[14:27] {patel} that is a very strange stock man

[14:27] {patel} just dropped pretty hard

[14:28] {JohnK} thin market

[14:28] {JohnK} small shares

[14:28] {Threei} FDIC's Bair: Should implement pay standards on insured banks to encourage long term performance- interview comments

[14:28] {Threei} - Comments that banking system confidence is improving

[14:28] {Threei} - reform on pay should be through principles, wary of setting dollar limits

[14:29] {Threei} HEV CEO: It is not an issue to raise capital; currently in negotiations for $480M worth of low cost loans

[14:29] {Threei} - Seeing increasing battery annual revenue to $2.25M in 2015 if can attain 5-12% of battery market (6.85, +0.33, 5.06%)

[14:30] {dptl} Vad did you try that getco today?

[14:30] {Threei} no, I still haven't updated version

[14:31] {dptl} ye me too....but want to check with Dave first he usualy knows everything

[14:33] {Threei} not really... I asked me recently about production of ivory buttons in South Argentina in 19th century, he had no idea

[14:33] {dptl} but he is prob. drinking today :)

[14:33] {Threei} asked him

[14:33] {dptl} lol

[14:33] {magoo} we in anything vad?

[14:34] {Threei} nope

[14:34] {patel} stalking anything???

[14:34] {magoo} sell from hell AIG..not in..but it double topped

[15:05] {jfjf64} s aig 21.05

[15:05] {magoo} ICOG vad

[15:06] {Threei} I don't have news

[15:06] {Threei} anyone?

[15:06] {magoo} prob break thgose trades

[15:07] {fernp} no news here

[15:07] {Threei} shrug

[15:08] {jfjf64} grr

[15:08] {Threei} May 16 last news on it, filing for bakruptsy

[15:10] {magoo} we in anything?

[15:10] {magoo} fell asleeop

06[15:10] * Threei slaps magoo around a bit with a large alarm clock

[15:13] {Threei} heh... HEV shakeout

[15:13] {Threei} some stocks just have dishusting manners, I noticed...

[15:13] {Threei} who brought them up like this

[15:15] {patel} that shakeout was wrong

[15:15] {patel} i took a pretty big hit on that one

[15:17] {Threei} original stop was 5-7 cents, with slippage could have easily been about 12 on that

[15:18] {patel} i got hit for about 13 cents

[15:18] {Threei} if this is big hit for you, you should really re-think share size and/or trading thin stocks altogether

[15:18] {Threei} I mean come on... 13 cents equals big hit??

[15:18] {Threei} what kind of profits are you aiming for?

[15:19] {magoo} how many shares u take?

[15:19] {patel} i didnt get hit bad but it turned my profit for the day near 0

[15:19] {patel} i only took 400 shares

[15:19] {magoo} vad, u or i??

[15:19] {Threei} I don't understand it

06[15:20] * magoo slaps Threei around a bit with a large trout

[15:20] {Threei} something isn't right with trade/risk management

06[15:20] * magoo slaps patel around a bit with a large trout

06[15:20] * magoo slaps patel around a bit with a large trout

06[15:20] * magoo slaps patel around a bit with a large trout

[15:20] {patel} we talked earlier about it and it seems i am paying 2 much in commissions.

[15:23] {dptl} ok....have a good evening all,see ya tomorrow

[15:23] {Threei} doesn't sound like that's the only issue... something else is off

[15:23] {Threei} tajke care dp

[15:24] {_prth} 400 shares does not give you enough profit to scale

[15:25] {Threei} not really, unless it's a big mover

[15:26] {Threei} it's either training size, or a size for a very volatile stock

[15:26] {Threei} where risk control doesn't allow for tight stosp

[15:27] {_prth} and setting hard stops will get him taken out at a really bad fill depending on broker

[15:27] {patel} i stopped using hard stops

[15:27] {Threei} yikes

[15:27] {Threei} no way

[15:28] {magoo} but .13 cents on 400 is 52 bux correct?

[15:28] {patel} i was using hard stops but few days ago AKAM took me out

[15:28] {patel} and went up

[15:28] {patel} yes

[15:28] {patel} okay i traded BAC made over 90 dollars ont hat trade

[15:28] {_prth} so where did nvax fill at on the stop this morning and add commissions to that

[15:29] {patel} then i took LLTC made about 18 dollars on that

[15:29] {patel} then i got stopped on NVAX

[15:29] {Threei} hard stop is for the case whn you have to leave your computer unattanded

[15:29] {Threei} better than no stop at all

[15:29] {patel} and hten i got stopped otu for HEV

[15:29] {Threei} but when you can contorl events, use manual one

[15:30] {patel} slippages on NVAX was 5 cents

[15:30] {patel} slippage on HEV was about 4 cents

[15:30] {Threei} 18 dollars on LLTC?

[15:30] {patel} yes

[15:30] {patel} i took 200 off hte table on 1:1

[15:31] {patel} then put the rest at breakeven

[15:31] {patel} i am not complaining its just I need to know what I am doing wrong and make my trade management better

[15:34] {_prth} the percentage of dollars is high on commissions when trading smaller size if paying a flat rate, if you use per share cost platform then it be more cost effective with smaller size

[15:35] {patel} prth, i am paying .01 cents a share

[15:36] {Threei} that's twice the rate we are paying

[15:37] {Threei} great... now HEV is doing what I envisioned

[15:38] {_prth} that is $10 for a thousand shares, do you pay ecn fees too?

[15:38] {Threei} ECN is pass-through both ways for us

[15:38] {Threei} fee or rebate, dependinh on removing or adding liquidity

[15:39] {_prth} is patel with the same broker?

[15:39] {Threei} no

[15:40] {Threei} he pays .01/shre... we .005

[15:40] {magoo} which is more lol

06[15:40] * Threei slaps magoo around a bit with a large large abakcus since calculator is too complicated for magoo

[15:40] {_prth} well that is a big difference especially for scalping size

[15:41] {jfjf64} l met .05 break

[15:42] {patel} yup

[15:42] {patel} no ecn fees

[15:42] {patel} i get rebates and everything

[15:42] {patel} pretty much the same as you guys but the commisisons is doubled

[15:42] {Threei} hmmm... no fees but rebates?

[15:42] {patel} yes

[15:43] {Threei} something isn't right :)

[15:43] {patel} as long as I am sending the order through PFSI i pay no fees

[15:43] {patel} but i have to use INTEL and ARCAL for rebates

[15:43] {patel} what kind of fees do you have to pay threei

[15:43] {Threei} on add liquidity side only

[15:44] {Threei} you can do it using GETCO route for entry and ECN for exit with Laser

[15:44] {jfjf64} in

[15:44] {patel} pj plau

[15:45] {patel} oh okay

[15:47] {jfjf64} grrr

[15:51] {jfjf64} 21.83 l aig

[15:52] {jfjf64} in 88

[15:53] {jfjf64} .25cent stop

[15:56] {jfjf64} 1/1 half out

[15:56] {jfjf64} stop 22.00

[15:57] {Threei} you are azware of time remaining, right?

[15:57] {jfjf64} all out

[15:57] {Threei} good

[15:57] {Threei} thank you all, much better day today

[15:57] {Threei} have a great evening, see you tomorrow

[15:57] {magoo} ty vad..everybody

[15:58] {jfjf64} enjoy vad ty

[15:58] {larisa} bye :)

[16:00] {patience} look vad, the Trout Group is closing the Nasdaq .... what a good name :)

[16:00] {Threei} ROFL

[16:00] {patience} i wonder what they do for a business?

[16:00] {patience} where's magoo....

[16:02] {magoo} here