Aug 11 2009

With couple nice shorts in RIMM, longs in AIG, a few scalps and couple stops - just another day in the office.

Session Time: Tue Aug 11 00:00:00 2009

[08:37] {wulff} Anyone awake?

[08:37] {Threei} this is the question I ask myself for the last 5 minutes... all I get in response is resounding no

[08:38] {BillyD} GM all

[08:38] {Threei} Billy :)

[08:38] {BillyD} HGSI

[08:38] {Threei} but then again wulff... my inner voices have been caught on lying to me a few times

[08:38] {BillyD} was on my list from yesterday

[08:38] {wulff} Kids started school yesterday

[08:38] {wulff} so I'm up at 6:30, eastern time every day now

[08:39] {Threei} [13:36] {Threei} havce a look at HGSI daily guys

[08:39] {Threei} [13:37] {Threei} IMO, shapes up as a play in the future

[08:39] {Threei} [13:37] {Threei} goes through toght consolidation under 15 on disappearing volume

[08:39] {BillyD} that is what alerted me

[08:39] {Threei} was I right or what

[08:40] {BillyD} 30 upgrade helps

[08:40] {Threei} 8:22:49 AM

[08:40] {Threei} Human Genome Sciences Inc Price Target raised to $30 from $16 at Leerink Swann

[08:44] {Threei} Short Percent of Float 13.28 %

[08:44] {Threei} Short % Increase / Decrease 29.43 %

[08:44] {Threei} squeeze candidate

[08:49] {Threei} is it free for all time or what

[08:49] {Threei} who ever heard of Tudor Pickering?

[08:49] {Threei} 08:46 AM [BEXP] Shares raised to Accumulate from Hold at a boutique firm (Tudor Pickering)

[08:50] {Threei} look at the gap

[08:50] {Threei} let's try...

06[08:50] * Threei issues upgrade to CIT, target $1,254

[08:51] {Threei} no effect...

06[08:51] * Threei abandons hope to retire in 5 minutes

[08:55] {BillyD} no career as analysts vad

[08:55] {Threei} obviously not

[08:55] {BillyD} you have no following with upgrades

[09:00] {magoo} morn

[09:00] {Threei} magoo :)

[09:01] {BillyD} magoo

[09:01] {BillyD} maggo, have a question for you

[09:01] {BillyD} in Laser, what route strategy do you use

[09:01] {BillyD} magoo

[09:02] {magoo} naz

[09:02] {magoo} and if its having issues{rare} go to arcaf

[09:02] {magoo} arca

[09:02] {BillyD} ok, and in the menu do you have INET strategy checked and to what strategy

[09:02] {magoo} but nasdac first choice

[09:03] {magoo} in trade settings?

[09:04] {magoo} billy?

[09:04] {BillyD} no, in the menu at top of software window where it says route after Quote

[09:04] {Threei} you probably have different versions

[09:04] {cosmo} any 'smart routing' in those settings?

[09:04] {BillyD} maybe

[09:05] {Threei} that's default cosmo

[09:05] {larisa} gm :)

[09:05] {Threei} larisa :)

[09:05] {cosmo} default sounds boring

[09:05] {Threei} but it's smart

[09:05] {cosmo} lars:)

[09:06] {BillyD} it would be nice to know exactly how the routes worked

[09:06] {cosmo} yea... it always seems to work that way.....

[09:06] {larisa} vad, cosmo, Billy :)

[09:06] {BillyD} larisa :)

[09:06] {Threei} you set it in Trade Settings Billy

[09:06] {Threei} this is where you have power over that mysterious "default"

[09:07] {magoo} billy, up there,,if go to route strategy inet, opens window..cxheck strategy STGY

[09:07] {magoo} but stting in lev 2 important

[09:07] {Threei} right click on Level 2

[09:07] {BillyD} ok magoo

[09:08] {Threei} look for section saying Default

[09:08] {magoo} that help??

[09:08] {BillyD} is it a tab Vad

[09:08] {Threei} no, Tab is General

[09:09] {Threei} middle roughly,

[09:09] {Threei} Default Method

[09:09] {Threei} for NASDAQ and Listaed

[09:09] {BillyD} ok

[09:09] {BillyD} should I check this and what does it do

[09:09] {dptl} good morning all

[09:10] {nemo} mornin'

[09:11] {BillyD} Vad? on default

[09:11] {Threei} dp :)

[09:12] {Threei} oh, and while you are there,

[09:12] {magoo} in default, in naz box

[09:12] {magoo} write inet

[09:12] {Threei} make sure all Route Out boxes are checked

[09:12] {fernp} good morning everybody

[09:12] {Threei} fern :)

[09:13] {cosmo} why would you 'not' want to check those boxes?

[09:13] {Threei} no reason

[09:13] {cosmo} hmm

[09:13] {Threei} wel, there is

[09:13] {BillyD} it won't allow me to type in the Naz box magoo

[09:14] {Threei} but it's not for our style of trading

[09:14] {cosmo} oh

[09:14] {Threei} Billy, when you clicked in that box, hit Backspace

[09:14] {Threei} and hold it for a few seconds

[09:14] {Threei} then try to type again

[09:14] {magoo} are u in trade sttings?

[09:15] {ese} hello baaayba......thats my elvis greeting

[09:15] {Threei} ese :)

[09:15] {Threei} sorry... elvis :)

[09:15] {ese} morning vad

[09:15] {BillyD} got it now, do I check the Follow level 2 box?

[09:16] {Threei} not checked here... not sure what it does

[09:16] {magoo} no

[09:16] {Threei} you may want to ask dave about that

[09:16] {BillyD} ok, thx guys

[09:16] {magoo} and on route out section..check all rtes

[09:16] {magoo} in reserve section..leave all UNchecked

[09:16] {BillyD} got it thx vad & Magoo

[09:17] {BillyD} one more ???

[09:17] {BillyD} sometimes in the premkt

[09:17] {Threei} well, reserve... I have them checked... that's up to you

[09:17] {BillyD} the Naz route won't hit bids or offers from EDGX....have you noticed this???

[09:18] {magoo} its slower vad...

[09:18] {magoo} i asked dave

[09:18] {magoo} uncheck them..its for if u trading 200k shjares'

[09:18] {Threei} may be because your EDFX route out was not checked Billy

[09:18] {BillyD} could be, hopefully works now

[09:18] {Threei} EDGX

[09:20] {magoo} thats why

[09:21] {BillyD} could be why I could never get a BATS fill either

[09:21] {nemo} Vad do you default your route out to "Smart"?

[09:22] {patel} Good Morning

[09:23] {Threei} nemo... where?

[09:23] {Threei} patel :)

[09:23] {nemo} on LII

[09:24] {Threei} this is not where default is set

[09:25] {magoo} HGSI vad

[09:25] {nemo} I turn the route on, and as a rule leave it on "Smart"

[09:25] {Threei} yes mags, on watch for possible short squeeze

[09:25] {Threei} [08:40] {Alert} Threei Human Genome Sciences Inc Price Target raised to $30 from $16 at Leerink Swann

[09:25] {Threei} [08:44] {Alert} Threei Short Percent of Float 13.28 %

[09:25] {Threei} [08:44] {Alert} Threei Short % Increase / Decrease 29.43 %

[09:25] {Threei} [08:44] {Alert} Threei squeeze candidate

[09:26] {ese} heres an old fan favorite...NUAN.Reports Q3 $0.26 v $0.25e, R $241M v $250Me

[09:26] {Threei} [08:39] {Alert} Threei [13:36] {Threei} havce a look at HGSI daily guys

[09:26] {Threei} [08:39] {Alert} Threei [13:37] {Threei} IMO, shapes up as a play in the future

[09:26] {Threei} [08:39] {Alert} Threei [13:37] {Threei} goes through toght consolidation under 15 on disappearing volume

[09:26] {Threei} [08:40] {Alert} Threei was I right or what

[09:27] {Threei} NUAN doesn't look too happy

[09:27] {ese} nope

[09:28] {ese} definately right chief

[09:28] {jfjf64} what up traders

[09:29] {wulff} nice drop in HGSI

[09:29] {Threei} 15.72 is previous high

[09:31] {Threei} SEED...

[09:31] {Threei} 7:03:08 AM

[09:31] {Threei} Origen Agritech Ltd. Reports Q3 $0.48 v $0.38 y/y; R $69.9M v $71.5M y/y

[09:31] {Threei} - Reaffirms FY09 revenue forecast (RMB 550M-580M)

[09:31] {Threei} AVNR

[09:31] {Threei} 7:00:18 AM

[09:31] {Threei} Avanir Pharmaceutical Releases positive Phase III results for Zenvia in pseudobulbar affect (PBA)

[09:31] {Threei} - States the investigational drug Zenvia (dextromethorphan/quinidine) met its primary efficacy endpoint in the treatment of pseudobulbar affect (PBA) in the confirmatory Phase III STAR trial. Both Zenvia 30/10 mg and 20/10 mg provided a statistically significant reduction in episode rates over the course of the study when compared to placebo (p{0.0001).

[09:34] {jfjf64} .49 l rimm

[09:36] {Threei} Long Setup: COIN .50 break

[09:36] {jfjf64} half lot 25 cent stop

[09:36] {Threei} if stays above .40

[09:36] {nemo} too fast

[09:36] {dino} rtp still gettng crushed

[09:37] {Threei} hmmm... some execution problem for me

[09:37] {Threei} anyone got it?

[09:37] {nemo} my system is frozen

[09:37] {BillyD} no, it was already passed .50 when pulled up

[09:37] {fernp} not here

[09:37] {Threei} it pulled back

[09:37] {Threei} right into trigger

[09:37] {dino} magoo's down too

[09:38] {jfjf64} invalid rimm

[09:38] {jfjf64} avnr

[09:39] {jfjf64} 4.00

[09:39] {laserdave} anyone who has laser issues

[09:39] {laserdave} we should be coming up shortly

[09:40] {Threei} give us updates dave

[09:40] {laserdave} will do

[09:40] {laserdave} there is a connection issue

[09:40] {laserdave} will post more as soon as i know

[09:40] {BillyD} thx dave

[09:41] {laserdave} np

[09:42] {Threei} Long Setup: HGSI .50 break if holsding above .30

[09:46] {jfjf64} lets go hgsi

[09:46] {wulff} close but no cigar

[09:47] {Threei} no triggy no playa

[09:47] {BillyD} Vad, we are still down right

[09:47] {nemo} no beach?

06[09:47] * Threei points to dave

[09:47] {jfjf64} hmmm no breakouts

[09:48] {jfjf64} put ya pullback hat on vad

[09:48] {cosmo} breakdowns maybe

[09:48] {BillyD} there is just seling pressure jf yesterday and today so far

[09:48] {Threei} Short Setup: RIMM .20

[09:49] {Threei} if stays under .35 - .40

[09:49] {Threei} Long Setup: HGSI .85

[09:49] {Threei} if stays above .65

[09:50] {Threei} HGSI invalidated

[09:50] {jfjf64} fades workin

[09:51] {Threei} fade'em then

[09:51] {Threei} I say fade the suckers till it hurts

[09:51] {jfjf64} hgsi

[09:51] {jfjf64} in

[09:51] {larisa} .64 .84 thans vad on HGSI

[09:52] {Threei} aggressive entry?

[09:52] {jfjf64} 1/1

[09:52] {larisa} you alerted, my system gave signal. team work :)

[09:53] {jfjf64} out

[09:53] {Threei} best way

[09:53] {jfjf64} ty

[09:53] {cosmo} default?

[09:53] {jfjf64} rimm

[09:53] {cosmo} ...sorry

[09:54] {Threei} RIMM gave a fade signal

[09:54] {Threei} do you fade when the fade comes calling?

[09:54] {wulff} was late on RIMM by seconds, arghhh

[09:54] {jfjf64} never

[09:54] {dino} hgsi l .95

[09:54] {nemo} Vad, you mean pulling a Chaeron?

[09:54] {Threei} right

[09:54] {nemo} ahhh

[09:54] {jfjf64} liked .47 break

[09:55] {jfjf64} look at x vad

[09:55] {jfjf64} .57 break

[09:56] {Threei} with stop under .50

[09:56] {ese} RIMM lookin good jf......you still in?

[09:56] {Threei} why not... I'd take this kind of setup on risk alone

[09:56] {jfjf64} never took it

[09:56] {Threei} but it's invalidated

[09:57] {fernp} WFC double bottom

[09:57] {Threei} yes

[09:57] {Threei} .80 break

[09:57] {ese} were you in earlier at .49 or .50

[09:57] {jfjf64} 1/1 x

[09:57] {nemo} I still can't order

[09:58] {jfjf64} done all

06[09:58] * Threei slaps laserdave around a bit with a large question mark

[09:59] {nemo} guess it's a good thing I didn't on wfc

[10:00] {nemo} No, I can't place orders

[10:00] {nemo} rebooted too

[10:00] {jfjf64} hig vad

[10:00] {Threei} JUNE WHOLESALE INVENTORIES: -1.7% V -0.9%E

[10:00] {jfjf64} .25 break

[10:00] {Threei} AUG IBD/TIPP ECONOMIC OPTIMISM: 50.3 V 50.0E

[10:01] {nemo} anybody else still having a problem with Laser?

[10:01] {jfjf64} didnt tk it with market sellin off

[10:02] {dptl} yes nemo

[10:02] {Threei} nemo... just wait for update from dave

[10:02] {BillyD} yes nemo

[10:02] {BillyD} sit back and paper trade

[10:02] {nemo} I wish I still drank

[10:03] {jfjf64} any hig read vad

[10:03] {Threei} long

[10:04] {ese} ya me tooooo hick!

[10:07] {jfjf64} faz 27 break if market keeps sellin

[10:08] {Threei} FMCN Hearing renewed takeover chatter circulating (9.85, +0.14, 1.44%)

[10:08] {Threei} long time no see FMCN

[10:08] {Threei} interesting daily

[10:09] {Threei} Rochdale's Dick Bove recommends taking short term profits in banks (timing uncertain)

[10:09] {Threei} - comments that bank stocks are running on fumes (related XLF )

[10:10] {jfjf64} hgsi

[10:11] {Threei} Long Setup: RIMM .40 break

[10:12] {jfjf64} in

[10:12] {jfjf64} .43

[10:12] {dino} outr hgsi .11 +.16

[10:13] {patel} stop is .25 correct

[10:13] {Threei} or .20, depending on your objectives

[10:14] {Threei} both are valid

[10:14] {patel} okay thanks

[10:14] {Threei} 1:1

[10:14] {Threei} 1:1 for wider stop too

[10:14] {jfjf64} all out ty

[10:16] {nemo} wfc looking long

[10:16] {jfjf64} no smiley face vad

[10:16] {patel} nice call Threei

[10:16] {Threei} ty

[10:16] {Threei} I decided I won't smile today jf

[10:16] {nemo} can't trade, no smile

[10:17] {jfjf64} thats not my fault

[10:17] {Threei} not related to trading

[10:17] {Threei} not related to anything actually

[10:18] {Threei} just trying on no smile policy

[10:18] {jfjf64} tk half day go tk sm pictures relax

[10:18] {Threei} tomorrow it's likely to be no running with scissors policy

[10:18] {Threei} which will be hard on me, I like to do that...

[10:19] {jfjf64} look agm ya lk 11 break

[10:20] {jfjf64} ty

[10:20] {Threei} nah

[10:21] {ese} anyone know the symbol for British Airways is?

[10:21] {ese} it trades on the NYSE doesn't it?

[10:21] {Threei} BAIRY

[10:22] {dino} esi sm s .85

[10:22] {ese} tks

[10:22] {Threei} not on NYSE I believe

[10:23] {jfjf64} faz settin up

[10:23] {jfjf64} in .03

[10:24] {jfjf64} need bounce

[10:24] {jfjf64} ty

[10:25] {jfjf64} 1/1

[10:25] {jfjf64} half out

[10:25] {Threei} good one

[10:25] {jfjf64} stop to .13

[10:26] {jfjf64} stop to .25

[10:26] {jfjf64} 1/4 out

[10:27] {jfjf64} stop to .20 last piwec

[10:27] {Threei} wtg

[10:28] {jfjf64} will hold

[10:28] {jfjf64} .35 stop

[10:29] {jfjf64} .40 stop

[10:30] {Threei} watching RIMM for breakdown play

[10:30] {jfjf64} yeahhhhhhhhhhhhhhhhhhh

[10:30] {Threei} 72 break is obvious one but I'd prefer short on the bounce

[10:30] {Threei} somewhere around .20

[10:30] {jfjf64} done faz

[10:31] {laserdave} hey guys

[10:31] {laserdave} just so u knwo they are working as fast as they can

[10:31] {laserdave} they think they got it figured out

[10:31] {laserdave} and should be up soon

[10:31] {laserdave} thanks for your patience

[10:31] {BillyD} cool

[10:31] {Threei} thank you dave, give us a shout when you know more

[10:32] {Threei} or when you don't

[10:33] {Threei} resistance to place stop is .25 - .50 on RIMM

[10:33] {jfjf64} faz 27 break if market keeps sellin

[10:33] {Threei} exact entry is tough to call

[10:33] {Threei} jf?

[10:33] {ese} pcln still carrying on from yesterday...up another 2.50

[10:34] {jfjf64} tried doin copy and paste from earlierr no can do

[10:34] {Threei} your last statement sounds too contradictionary for a sober trader

[10:34] {BillyD} does FAZ do opposite of overall mkt

[10:34] {Threei} FAZ moves opposite to market

[10:34] {jfjf64} gimme a smly face vad

[10:34] {Threei} but policy?...

[10:35] {Threei} still in effect

[10:35] {dino} pcln crazy es

[10:35] {jfjf64} boy oh boy 40 cent trade

[10:35] {jfjf64} lol

[10:35] {Threei} let's do a compromise entry on RIMM

[10:35] {dino} cov esi .40, +.45

[10:35] {Threei} Short Setup: RIMM .10 break

[10:36] {Threei} if stays under .25

[10:36] {jfjf64} in

[10:36] {dino} rimm wants 70 imo

[10:37] {Threei} 1:1

[10:37] {Threei} and more to come

[10:37] {jfjf64} nice call

[10:37] {patel} nice call

[10:37] {patel} thanks threei

[10:37] {Threei} not smiling

[10:37] {Threei} just nodding manly

[10:37] {patel} BOOYAH from mississippi

[10:38] {jfjf64} aall out

[10:38] {Threei} with this restrained expression of a gunslinger after shootout on Main Street

[10:38] {Threei} before holstering the gun and walking into nearest saloon

[10:38] {ese} L adsk .26

[10:39] {jfjf64} aig

[10:40] {jfjf64} l .70 break

[10:40] {jfjf64} get smily face ready

[10:41] {jfjf64} wher wd ya put stop

[10:41] {jfjf64} .74 in

[10:43] {magoo} ijm still down, anmyone else?

[10:43] {Threei} sigh

[10:43] {BillyD} yes magoo

[10:43] {Threei} you and nemo

[10:43] {magoo} and u vad?

[10:44] {ese} stop to .20....no tollerance for risk today

[10:46] {ese} you guessed it .19 stopped

[10:47] {jfjf64} stop aig

[10:47] {ese} breakouts just have not been working for me the last 3 weeks or so

[10:47] {Threei} RIMM

[10:47] {Threei} reshort it here

[10:47] {Threei} stop above .30

[10:51] {dino} sm rtp l .93

[10:52] {BillyD} Vad, where can I find out what the ETF's foloow....I tried yahoo but really doesn't explain....like FAZ opposite the mkt

[10:52] {nemo} the sponsoring websites. Direxion for theirs

[10:52] {nemo} put in the complete name of the etf

[10:53] {BillyD} ok, was hoping for a quick way to look up symbol

[10:53] {ese} L adsk .14

[10:53] {Threei} there is

[10:53] {dino} bd, careful on the 2x 3x etfs, some brokers are not letting them trae

[10:53] {dino} trade

[10:53] {Threei} I had one, let me try and find one

[10:54] {BillyD} thx dino

[10:55] {dptl} http://seekingalpha.com/page/etf-finder

[10:56] {BillyD} thx dp

[10:56] {dptl} :)

[10:56] {Threei} RIMM 1:1

[11:01] {dino} put rtp .73, +.80

[11:01] {dptl} hmm..what to do? what to do?....

[11:02] {Threei} whatever you do dp, do NOT smile

[11:02] {dino} hmmmmm, tough crowd

[11:02] {Threei} today is no smile day

[11:02] {dptl} ok

06[11:02] * dptl slaps nemo around a bit with a large trout

[11:02] {Threei} that is allowed

[11:02] {Threei} and encouraged

[11:02] {Threei} samiling ias not

[11:02] {Threei} sorry dino

[11:02] {dino} np

[11:03] {nemo} see what good behavior gets you

[11:07] {fernp} BAC, Vad?

[11:09] {Threei} .20 break long

[11:09] {Threei} for double bottom

[11:10] {fernp} thanks

[11:11] {Threei} invalidated

[11:11] {fernp} yes

[11:12] {Threei} NYX 40 stocks have yet to open for trade due to technical issues, including Berkshire Hathaway (28.88, +0.13, 0.45%) (related BRK.A )

[11:12] {Threei} hey, we are not the only ones with tech problem

[11:12] {Threei} and look at this:

[11:12] {Threei} CNBC's Liesman: Fed adjustment in treasury coupon purchase schedule due to 'technical glitch'

[11:12] {Threei} rofl

[11:12] {Threei} I feel better

[11:13] {Threei} anyone still holding RIMM short?

[11:14] {nemo} what a day for Laser to be down

[11:20] {BillyD} Overall, Laser is the best I have ever used

[11:20] {magoo} but billy..its the only one u ever used lol

[11:20] {Threei} lol

06[11:21] * Threei takes first row to view the trout fight

[11:21] {BillyD} lol.....I started with the phone

[11:21] {Threei} no home pigeons??

[11:21] {BillyD} nah

[11:21] {magoo} carrier pigeons were the first system vad was promoting when i started

[11:22] {magoo} problem wass dam birds kept returning to vad not me

[11:22] {Threei} dino for instance started with inscribing his orders on stone tabler, delivered by dinosaurs

[11:22] {Threei} yes mags, but that was an upgrade from those stone tablets

[11:22] {BillyD} he's come a long way

[11:22] {magoo} roflol

[11:22] {cosmo} the phone was ... the only way to get real time....

[11:22] {Threei} and mags,

[11:23] {Threei} consider this:

[11:23] {Threei} at the time we considered two alternatives,

[11:23] {Threei} carrier pigeons and smoke signals

[11:23] {BillyD} smoke signals were real time calls

[11:23] {Threei} pigoens won since they did not require direct line of sight

[11:24] {cosmo} phone trades cost $35 too

[11:24] {Threei} there also were drums

[11:24] {cosmo} at discount

[11:25] {cosmo} bottle in the ocean is more high tech i would say

[11:25] {Threei} that's for overseas guys

[11:26] {cosmo} we all take our turn

[11:26] {Threei} Long Setup: BAC 16 break

[11:26] {Threei} if stays above .90

[11:26] {Threei} for scalpers, .95

[11:29] {fernp} in

[11:29] {BillyD} missed BAC, phone order to slow...hehe

[11:29] {dino} petd partial fill l .79

[11:29] {Threei} NY Fed: Purchased $2.7B in $300B outright coupons purchase; Dealers submitted $11.3B for consideration (bid to cover 4.19)

[11:29] {Threei} - Heaviest purchase was $730M in the 11/15/26 maturity

[11:29] {Threei} - Note: Avg bid to cover for prior four auctions is 3.21

[11:29] {Threei} 1:1 for scalpers

[11:31] {laserdave} we shoudl be up guys

[11:32] {laserdave} try to place a bid below market

[11:32] {Threei} yesss!!

[11:32] {Threei} thank you dave

[11:32] {Threei} up we are

[11:32] {BillyD} ty dave

[11:32] {laserdave} sorry for being down

[11:32] {Threei} no hope... you won't be forgiven

[11:32] {Threei} ever

[11:32] {BillyD} dave we know you are down as well and not wanting it

[11:32] {laserdave} very rare we go down like this

[11:32] {nemo} should I take the pins out of the cupie doll of Dave?

[11:33] {BillyD} lol

[11:33] {BillyD} let him live nemo

[11:33] {laserdave} well i am sure they will be working long after the close to ensure this never happens again

[11:33] {laserdave} ya take the pins out please

[11:33] {laserdave} my back is killing me

[11:33] {nemo} runnin' for office Dave?

[11:33] {Threei} I think it's second time in 4 or 5 years

[11:33] {laserdave} :)

06[11:33] * magoo slaps laserdave around a bit with a large trout

[11:34] {wulff} CAt is holding up well

[11:35] {cosmo} CAT holds up better...

[11:37] {BillyD} WFC short maybe

[11:38] {Threei} not sure here

[11:38] {Threei} snapback time is close

[11:38] {BillyD} looks like trap potential

[11:40] {cosmo} new lods here would not be good imo

[11:41] {Threei} Public support for the health care reform plan proposed by President Obama and congressional Democrats has fallen to a new low as just 42% of U.S. voters now favor the plan. Thats down five points from two weeks ago and down eight points from six weeks ago.

[11:41] {cosmo} ... for longs that is

[11:41] {Threei} no... snapback is coming, IMO

[11:42] {Threei} Long Setup: WFC .10 break if holding above 27

[11:44] {magoo} in

[11:44] {magoo} long aapl .38 too

[11:45] {Threei} Long Setup: RIMM .90 break if holding above .75

[11:45] {wulff} seems could be more than a scalp?

[11:45] {Threei} if works, yes

[11:47] {dino} pg 30, govt panel decides treatment; pg 50 heathcare to all non-us citizens, including illegal aliens; pg 59 govt electronic access to bank accounts; pg 427 govt mandates programs for end of life; 429 advanced programs for end of life decisions

[11:48] {cosmo} ...but they can't take your freedom

[11:49] {BillyD} just your life

[11:50] {cosmo} i'll be back

[11:50] {magoo} not liking either my traders

[11:50] {dino} i suppose they feel the savings comes from killing off the sick

[11:51] {Threei} no worky WFC

[11:51] {fernp} stopped

[11:52] {BillyD} sad but true dino

[11:52] {magoo} out both god dammit..sit all fresakin morn

[11:52] {magoo} than o for 2

[11:52] {fernp} and stopped BAC

[11:53] {cosmo} soylent green for the rest of us BD...

[11:53] {dino} logan's run

[11:54] {cosmo} thx1138

[11:54] {magoo} AIG down hard vad..any bounceset up?

[11:55] {Threei} should be, not yet

[11:58] {Threei} Long Setup: AIG .70 break

[11:59] {Threei} stop under low of this pullback, .50 is invalidation

[12:04] {nemo} aig again vAD

[12:04] {fernp} BAC if breaks 16.00 (again)

[12:05] {dino} sm l apol .70

[12:14] {Threei} 82% of CNN viewers believe healthcare is fundamental right

[12:14] {magoo} i do

[12:21] {Threei} HGSI sharp drop

[12:21] {jfjf64} watchin

[12:23] {dino} hgsi drop

[12:23] {dino} opps

[12:31] {jfjf64} lkd .80 break

[12:32] {wulff} What's the punishment for blowing a stop and getting away it?

[12:32] {BillyD} did you make profit

[12:32] {wulff} yes

[12:32] {BillyD} then you have to give it out to the room

[12:33] {BillyD} hehe

[12:35] {Threei} punishment will be administered by the market itself

[12:36] {Threei} it lures you into thinking that this is acceptable way to trade, by granting you breakeven or profit on a few of such trades

[12:36] {Threei} then one comes that doesn't come back

[12:36] {Threei} and just proceeds against you more and more

[12:36] {Threei} making taking loss impossible

[12:37] {Threei} keeping you frozen in headlight

[12:37] {Threei} wiping out all those gains you made on previous blown stops

[12:37] {Threei} then all profits on valid trades

[12:37] {Threei} and destroying your account and your confidence

[12:37] {Threei} Saw that zillion times

[12:38] {magoo} and your rectum

[12:39] {Threei} if you think frustration from the trades where you take the stop and they come back is big,

[12:39] {Threei} try one that develops by the scenario I described

[12:39] {Threei} and don't fool yourself thinking it won't happen

[12:40] {magoo} HUH?

[12:40] {Threei} or that you will take a loss on that one

[12:40] {jfjf64} no smiley face for wulff

[12:40] {Threei} you won't - not until it exceeds your pain tolerance

[12:40] {Threei} and until tyou go through all the stages of denial

[12:41] {_prth} when it gaps past your stop do you wait for a retrace to the orignal stop or just take it where it is?

[12:41] {Threei} that's not a day trading situation

[12:41] {Threei} we day trade in order to avoid this kind of hits

[12:42] {Threei} if you elect holding overnight, you add anoter risk control tool:

[12:42] {Threei} position sizing

[12:42] {magoo} everytime i wait for "the " bounce to get out..i get slaughtered..it never comes

[12:42] {Threei} it must be scaled down so gap wouldn't detroy youre account

[12:42] {KSystems} boo

[12:42] {Threei} hey KS!

[12:42] {Threei} welcome back

[12:42] {KSystems} :)

[12:42] {KSystems} thanks

[12:43] {Threei} I am dead serious... of all trading sins you can commit, blown stops WILL kill you

[12:43] {Threei} no ifs and buts,. no two ways about it

[12:43] {Threei} I've seen traders making all kinds of errors,

[12:43] {Threei} some survived some of them,

[12:43] {Threei} but no single one survived blown stops

[12:44] {_prth} on nvax last week the stop was 5.29 and it went from 5.31 to 5.24 on a sharp spike down, i got filled at 5.24 on a manual market out entry. Is that the correct way to handle it?

[12:45] {Threei} well, market orders in generaal not a very good way to trade

[12:45] {_prth} do you limit out on stops?

[12:46] {Threei} yes, limit a few cents beyond targeted price

[12:46] {Threei} also,

[12:46] {Threei} sharp spikes tend to lead to quick reversals

[12:46] {wulff} need to earn my smiley face back

[12:47] {Threei} if a stock whizzes past your price, it's often a good pratice to give it a few seconds for bounce

[12:47] {_prth} so after the sharp spike i should have put in a 5.27 sell?

[12:47] {Threei} but have disaaster stop in place, in case it proceeds against you

[12:48] {Threei} I can't answer it like this, it's a kind of hypotetical situation

[12:48] {Threei} maybe 5.27, may be no sell order in at all, and instead wait for bounce to stall

[12:48] {_prth} you were in the trade how did you exit nvax?

[12:48] {Threei} and try to sell top of the bounce whereevr it occurs

[12:49] {Threei} you asume I remember it?? :)

[12:49] {_prth} sign of a good trader, athlete and pro in general. Forget the past. :)

[12:50] {Threei} believe me, aafter 13 years of trading every day and dozens trades every day,

[12:50] {Threei} only very very remarkable ones will stay in your memory :)

[12:50] {Threei} it's a routine

[12:50] {Threei} not like every trade is an event

[12:50] {_prth} in fact how one develop that?

[12:50] {Threei} just a sequence of actions

[12:51] {Threei} this is mindset that comes with experience

[12:51] {_prth} insert: can (between how and one)

[12:51] {Threei} no single answer to that... you read blog entries on trading psychology?

[12:52] {_prth} thank you:D

[12:52] {Threei} http://www.realitytrader.com/blog/2008/02/psychology-101.html

[12:52] {Threei} http://www.realitytrader.com/blog/2008/02/trading-psychology-stage-1.html

[12:53] {Threei} http://www.realitytrader.com/blog/2008/02/trading-psychology-stage-2.html

[12:53] {jfjf64} pls send me blog on coma

[12:53] {Threei} http://www.realitytrader.com/blog/2008/03/trading-psychology-stage-3-clarity.html

[12:53] {Threei} http://www.realitytrader.com/blog/2008/04/trading-psychology-stage-4-through.html

[12:53] {nemo} gotta' send him the page on vodka

[12:54] {ese} no ese is hangin....just busy geting ready to go to Denmark tomorrow

[12:54] {jfjf64} nice ese

[12:54] {ese} not much of a participant today i'm afraid

[12:54] {ese} too many things to do

[12:55] {ese} odd i get back to the computer just at the moment it says i'm away....talk about timing

[12:55] {ese} I should have that kind of timing in the market

[12:56] {ese} tks jf

[12:57] {Threei} 12:46] {wulff} need to earn my smiley face back {---- sorry wulff, it's not personal... I am simp,ly having no smiley day

[12:57] {Threei} half day actually

[12:57] {wulff} No, I deserve none....account value will show it eventually

[12:57] {Threei} at noon my daughter comes for a week long visit, so policy will be cancled at that point

[12:57] {jfjf64} im leavin tuesday italy 3 weeks

[12:58] {Threei} and btw, I'll have to leave an hour early to pick her up in airport

[12:58] {Threei} now, I suggest kicking ese and jf out for 5 minutes

[12:58] {Threei} so we feel better about them leaving for Europe vacations

[12:59] {jfjf64} how bout smiley faces

[12:59] {Threei} nope... sorry

[13:00] {KSystems} europe? where?

[13:00] {jfjf64} you are misrable hv a shot chilled vodka with lemon hmmmmm

[13:01] {Threei} ese to Denamrk, jf to Italy

[13:02] {Threei} TREASURY'S $37B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.89 V 2.62 PRIOR AND 2.53 AVG OVER THE LAST 10 AUCTIONS

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

[13:02] {Threei} - notes draw %1.78 with 13.08% allotted at hi...

[13:02] {magoo} magoo to...........purgatory

[13:02] {nemo} market's liking it so far

[13:03] {Threei} AIG

[13:03] {nemo} yep

[13:03] {KSystems} ahh

[13:06] {Threei} guess who is coming on TV

[13:08] {ese} i'm with ya there today also mags......have had 2 adsk trades stopped for .06 losses each....bout had enough for one day

[13:08] {Threei} you skipped best ones

[13:08] {Threei} RIMM shorts worked like charm

[13:08] {Threei} something else did bt my memory doesn't span that far

[13:08] {ese} definately

[13:10] {jfjf64} faz guess no tkers with me lol

[13:10] {jfjf64} +43

[13:10] {Threei} AIG sharp pullback

[13:10] {jfjf64} cents

[13:11] {Threei} who remembers teleportation setups from last fall?

[13:12] {Threei} this is whhat happens on AIG right now

[13:12] {ese} can't remember

[13:12] {Threei} quick move by both bids and offers with few prints,

[13:12] {Threei} pause,

[13:13] {Threei} entry in cantra dikrection,

[13:13] {Threei} wait for quick move in the same manner in opposite direction,

[13:13] {Threei} get out with scalp

[13:13] {Threei} observe it for while

[13:13] {Threei} you will see what I mean

[13:13] {Threei} it's impossibl;e to call in time as aa rule, you need to get a feel for it

[13:14] {BillyD} kind of like playing a range

[13:14] {Threei} yes but instead of normal move, it's a teleportation

[13:14] {Threei} it disppears from one place and surfaces in another

[13:14] {BillyD} best kind if on the right side :)

[13:14] {Threei} see?

[13:15] {BillyD} yes

[13:15] {Threei} about 12 cents dive, pause

[13:15] {Threei} if you got .05 - .06

[13:15] {Threei} you are exiting about here

[13:15] {Threei} .13-.14

[13:15] {Threei} watch it for few, you will get the rythm of it

[13:16] {Threei} we used to play it a lot on UAUA, DRYS, something else

[13:17] {Threei} one thing hasn't changed since election folks

[13:17] {Threei} Prezident is as good speaker as he was as a candidate

[13:18] {jfjf64} you are not serious

[13:18] {Threei} I am... I consider him a great orator

[13:18] {Threei} another matter is, this is about the only credit I extend to him, lol

[13:19] {Threei} election being largely a popularity contest, you don't think it played big role in his victory?

[13:20] {BillyD} he said all the right things

[13:20] {Threei} with right intonations

[13:21] {Threei} rightly measured dose of outrage

[13:21] {dino} tell them what they want to hear

[13:21] {Threei} eqzaktly

[13:21] {dino} zzzzzzzzzzzzzzzzzz

[13:21] {BillyD} I think he is a natural and not that excellent of a manipulator

[13:22] {larisa} thanks Billy :)

[13:22] {BillyD} I didn't say I agreed with him

[13:22] {Threei} AIG quick teleportation down is coming

[13:22] {larisa} dats ok

[13:22] {Threei} watch

[13:22] {BillyD} :)

[13:22] {Threei} should give an entry somewhere under .20

[13:23] {Threei} sorry larisa... when it comes to actual issues, I disagree with him on just about everything

[13:23] {dino} i am tired of his high and mighty scolding of everybody

[13:23] {BillyD} sick magoo on him dino

[13:24] {dino} indeed

[13:24] {Threei} here comes AIG

[13:25] {Threei} and now back up

[13:25] {Threei} any questions? :)

[13:25] {Threei} oops

[13:25] {Threei} taking that smiley back

[13:25] {BillyD} yes, why didn't it hit my .14 bid

[13:25] {jfjf64} ahhhhhhhh

[13:26] {Threei} still might

[13:26] {BillyD} don't want it now

[13:27] {magoo} .34 has rejected AIG twice

[13:27] {Threei} I tend to play these moves a bit narrower Billy

[13:27] {Threei} took .19, exited .26

[13:27] {BillyD} I see

[13:27] {Threei} this is pure quick scalping

[13:27] {Threei} not really directional trading

[13:28] {BillyD} too me I have to get better entry for insurance

[13:28] {Threei} we deal with program trading when these telepotrations occur

[13:28] {Threei} I want to be in and out quick and safely

[13:28] {BillyD} you take a full lot then?

[13:28] {Threei} yes

[13:28] {magoo} i try to catch a rip

[13:29] {jfjf64} im waitin forr the call

[13:29] {magoo} in AIG .98

[13:29] {nemo} what mags?

[13:29] {BillyD} what was your stop Vad?

[13:29] {magoo} in AIG .98

[13:29] {Threei} under .15

[13:30] {Threei} but billy,

[13:30] {Threei} don't look for hard fast rules to this kind of setups,

[13:30] {Threei} it's not rfeally technical,

[13:30] {BillyD} right more feel

[13:30] {Threei} it's "watch and get a feel for the rythm" kind of thing

[13:30] {Threei} I never start playing theese moves right away,

[13:31] {BillyD} just kind of pick a stop area

[13:31] {Threei} when I see them starting I watch a few of them

[13:31] {Threei} to get a feel for magnitude

[13:31] {Threei} and how they tend to act at the end of the range,

[13:31] {Threei} pause and bounce

[13:31] {Threei} or

[13:31] {Threei} double dip kind of move

[13:33] {BillyD} basically, trade what you can read, feel, put a structure to and manage the risk

[13:33] {Threei} there you go

[13:33] {Threei} what else is there?

[13:33] {Threei} findfamentals?

[13:33] {Threei} haha

[13:33] {Threei} economy helath?

[13:33] {BillyD} those are the fundamentals

[13:33] {Threei} three haha

[13:33] {BillyD} lol

[13:34] {Threei} good luck to those who thought "hey, economy is bad, we rally for a month or two, let's short it"

[13:34] {Threei} their pain if they didn't take their stops quickly was beyond bearable for the last two months

[13:35] {jfjf64} .46 l aig

[13:35] {Threei} I don't know jf...

[13:35] {Threei} I'd prefer to catch a pullback to .30 or under

[13:36] {Threei} breakouts are not a very good idea still, IMO

[13:36] {jfjf64} took it boss

[13:37] {Threei} let's hope this one works then

[13:38] {jfjf64} 1/1

[13:38] {Threei} wtg

[13:38] {jfjf64} half out

[13:38] {dino} gj

[13:38] {BillyD} gj jf

[13:40] {magoo} out here AIG

[13:40] {jfjf64} stop at even 2nd piece

[13:40] {magoo} .53 +.55

[13:40] {magoo} 1500 sh

[13:41] {Threei} beautyful mags

[13:41] {jfjf64} way to go mags

[13:41] {magoo} [13:30] {magoo} in AIG .98

[13:41] {jfjf64} stayed with it a while nice

[13:42] {magoo} back in .51

[13:42] {jfjf64} stop to .55

[13:42] {magoo} gonna rip

[13:43] {jfjf64} question why ya get out

[13:43] {Threei} US President Obama reiterates desire to increase speeed of generic drug implementation to the marketplace

[13:43] {magoo} book'em dano...i dont know for sure

[13:44] {jfjf64} 1/4 out .70

[13:44] {jfjf64} stop .65 last 1/4

[13:44] {Threei} if .70 gives up, should explode

[13:45] {jfjf64} wow you read good

[13:45] {Threei} thar she blows

[13:46] {Threei} yes jf... to read makes us speak English good

[13:46] {jfjf64} stop .69

[13:46] {Threei} be back in 10

[13:47] {jfjf64} i get a smiley face yet

[13:47] {jfjf64} out

[13:50] {jfjf64} ya still in mags

[13:51] {jfjf64} cof l 33.01

[13:51] {dino} apol stop to .00

[13:55] {dino} stopped apol .00, +.30

[13:57] {jfjf64} out cof -1 no lk

[14:01] {jfjf64} l aig .66

[14:01] {jfjf64} trigger

[14:02] {jfjf64} in

[14:03] {magoo} in .65

[14:04] {jfjf64} markett pops we get paid

[14:04] {jfjf64} market at critacal point

[14:05] {Threei} at what?

[14:05] {Threei} oh

[14:05] {jfjf64} critacal

[14:05] {jfjf64} thats a tough one

[14:05] {Threei} krutikle

[14:06] {nemo} you mean, like at the base of a fingernail?

[14:06] {jfjf64} here comes pushhhhhhhhhhhhhhhhhhh

[14:06] {Threei} yes nemo, but crucial one

[14:07] {magoo} thats toughie...Krewsholl

[14:07] {Threei} wow

[14:07] {Threei} this is spelling by true trader

[14:08] {dino} hgsi l .68

[14:08] {jfjf64} i cd spell it any way lk

[14:08] {jfjf64} 1/1

[14:08] {jfjf64} half out

[14:09] {jfjf64} look at that

[14:09] {jfjf64} all out

[14:10] {jfjf64} ya still in mags

[14:10] {magoo} yup..want a rip up

[14:11] {jfjf64} .36 l x

[14:13] {magoo} .84 has rejected it tewice now

[14:13] {dino} hgsi stop to .80

[14:13] {jfjf64} invalid

[14:15] {dino} stopped hgsi .80, +.12

[14:15] {jfjf64} nice trade

[14:16] {jfjf64} jpm l .75 break

[14:16] {jfjf64} here we go

[14:16] {magoo} out btw .62

[14:16] {magoo} -.03

[14:17] {jfjf64} grrrrrrrrrrr

[14:17] {magoo} see..lose sometimes trying to get biggie

[14:17] {jfjf64} tk those bennies

[14:18] {magoo} well..its a choice,,i rode it earlier

[14:18] {jfjf64} both pullbk x jpm

[14:18] {jfjf64} 100 percent

[14:20] {jfjf64} jpm vad ya likey

[14:20] {jfjf64} x invalid

[14:21] {jfjf64} jpm stays in consiladation

[14:21] {dino} ty jf

[14:21] {jfjf64} feel lk im wkin

[14:22] {jfjf64} go on pay roll

[14:22] {jfjf64} in

[14:23] {Threei} can't tell JPM

[14:23] {jfjf64} need to hold .75

[14:24] {jfjf64} .75 stop

[14:26] {dino} cpla sm l .00 thinny

[14:27] {jfjf64} usin .75 as support

[14:28] {jfjf64} out

[14:28] {jfjf64} oh we

[14:28] {jfjf64} well

[14:28] {BillyD} we knew what you meant

[14:28] {BillyD} you have trained us well

[14:29] {Threei} no kidn

[14:29] {BillyD} lol

[14:29] {jfjf64} broke hat .75 no part of

[14:29] {Threei} jf schl of tping is unfirgtble

[14:29] {jfjf64} capital pres

[14:30] {jfjf64} - 2 cents

[14:30] {jfjf64} comon vad gimme a smiley face

[14:30] {Threei} AIG AIG Fincl Products Corp. Completes Disposition Of Energy And Infrastructure Investment Portfolio (25.48, -3.22, -11.22%)

[14:30] {BillyD} look at HIG strength

[14:30] {Threei} VICL Reportedly solicits $1.25M contract from US Govt for Vaxfectin H1N1 vaccine treatment studies

[14:30] {Threei} - Note: Co. reports approx $3M in revenues per quarter

[14:30] {Threei} - the purpose of the work to be perform... (3.47, -0.05, -1.42%) more...

[14:31] {Threei} White House proposes definintion of OTC derivatives

[14:31] {Threei} OTC derivatives according to new definition are derived from the counter and handed over it

[14:32] {Threei} Comments that the derivatives must be cleared by the SEC or CFTC

[14:33] {fernp} have to go. see you all tomorrow.

[14:33] {Threei} take care fern

[14:36] {jfjf64} hig

[14:46] {Threei} market went frozen

[14:47] {BillyD} looks like it wants to break down

[14:47] {BillyD} saw RIMM but not want a .20 stop

[14:48] {BillyD} maybe LVS at .40

[14:49] {Threei} HIG is getting bounce-ready

[14:50] {BillyD} can't short LVS

[14:50] {ese} hey hey dino........you ever make any money on that APOL trade

[14:51] {ese} just noticing it made it over 67

[14:54] {magoo} in hig .15 lord vader

[14:59] {dptl} have a good evening all

[15:00] {larisa} bye dp :)

[15:00] {Threei} take care dp

[15:01] {magoo} slackers.grrrrr

[15:02] {Threei} just a scalp mags, I think

[15:03] {Threei} okay guys, I have to leave for airport now

[15:03] {Threei} take HIG profit here mags

[15:03] {BillyD} take care

[15:03] {Threei} you be safe

[15:03] {Threei} see you all tomorrow

[15:03] {larisa} see you :)

[15:03] {patel} take care

[15:03] {patel} bye

[15:03] {magoo} out fl TY vad

[15:05] {jfjf64} cat .45 long break

[15:05] {jfjf64} in .46

[15:09] {jfjf64} got hit

[15:10] {jfjf64} im done good night all

[15:12] {magoo} sh jpm .55

[15:12] {magoo} dime stop

[15:48] {ese} later everyone.......will be with you for a brief bit tomorrow...couple of hours maybe...then flying right over nemos' house

[15:48] {ese} will promise not to flush the toilet at that time nemo

[15:52] {dino} lol

[15:52] {larisa} lol

[15:53] {nemo} funny guy

[16:00] {dino} out cpla .04, =.04 stupid, had .32 and got greedy

[16:01] {nemo} Dino...it's the middle of August fur crissakes

[16:03] {dino} i know, i know

06[16:03] * nemo slaps dino around a bit with a large one in hand versus two in bush

[16:04] {dino} lol

Aug 10 2009

Not bad for August Monday, with nice wins on LVS, AIG , HIG, scalp on WFC and couple small stops that didn't make much dent. Oh, and of course a few hours of boredom.

Session Time: Mon Aug 10 00:00:00 2009

[08:28] {Threei} BLTXX Baltic Dry Buk Index -3% (8th straight decline)

[08:30] {Threei} DEPO Reports Encouraging Results of its Phase I Trial for DM-1992 Program in Parkinsons Disease

[08:57] {fernp} good morning everybody

[08:57] {Threei} fern :)

[09:00] {nemo} mornin

[09:01] {Threei} nemo :)

[09:02] {nemo} Hi lari

[09:02] {larisa} gm :)

[09:03] {Threei} larisa :)

[09:03] {Threei} dino, welcome back

[09:03] {nemo} should we tattle on magoo?

[09:03] {Threei} of course

[09:03] {Threei} and tattle we will

[09:04] {dino} gm all

[09:04] {nemo} dino :)

[09:05] {fernp} welcome home, dino :)

[09:08] {dptl} good morning all

[09:08] {Threei} dp :)

[09:11] {dino} thx all, magoo said i missed a very profittable week.

[09:12] {nemo} How's your computer look?

[09:13] {Threei} yeah, he claimed the best week of the year

[09:13] {dino} computer still issues w/cyber, all other issues ok. trading on backup, ordered new trading only system

[09:15] {ese} good morning

[09:15] {Threei} ese :)

[09:15] {ese} hey vad

[09:16] {ese} first real day of rain here this summer

[09:16] {Threei} yup

[09:16] {Threei} http://www.realitytrader.com/photography/2009/08/can-you-think-of-better-walking-trails.html

[09:20] {cosmo} ....the trail to the bank?

[09:21] {nemo} good one cosmo

[09:21] {cosmo} ...at the dock of the bay?

[09:22] {patel} good morning

[09:24] {BillyD} GM all

[09:24] {cosmo} TIBX

[09:24] {Threei} patel, billy :)

[09:26] {cosmo} TIBX pre mkt high = 10.55 fwiw

[09:26] {jfjf64} mornin all;

[09:26] {Threei} jf :)

[09:26] {magoo} morning

[09:27] {Threei} magoo :)

[09:27] {Threei} DryShips, Inc Reached agreement with West LB on waiver terms for $71M of Debt

[09:27] {Threei} - CEO: We are delighted to have reached an agreement with West LB. This facility covers 2 of our drybulk vessels. We continue to have constructive discussions with the remainder of our banks who are all very supportive of the company."

[09:27] {jfjf64} ese ya sittin with drys still

[09:27] {ese} interesting PCLN +10.68 pre market

[09:27] {Threei} TIBX

[09:27] {Threei} TIBCO Software Inc Germany's SAP is in advanced talks to acquire company - Euro Am Sonntag

[09:27] {Threei} - According to unnamed sources, SAP is also interested in acquiring Teradata

[09:27] {Threei} - Terms of prospective deals not disclosed

[09:27] {ese} yup still am JF

[09:28] {ese} yup ...at .40 jf

[09:28] {jfjf64} good

[09:28] {ese} don't think this is enough news to really make it move though.....have bee in 3 days....looling to eject

[09:29] {BillyD} Vad, your eye on LVS?

[09:29] {jfjf64} nice place

[09:29] {dino} pcln

[09:29] {Threei} one of them anyway

[09:30] {cosmo} YRCW # Union workers at YRC Worldwide OK more wage cutsAP(Fri, Aug 7)

[09:30] {dino} es, pcln, thinking short?

[09:32] {Threei} Long Setup: LVS .60 if stays above .50

[09:32] {Threei} late

[09:32] {Threei} no chasing

[09:33] {jfjf64} gv vad a coffee pls

[09:33] {ese} out Drys .51

[09:33] {ese} +.11

[09:33] {Threei} jumped while I typed

[09:33] {Threei} let's see if we get pullback

[09:33] {jfjf64} oxpa .30 break

[09:34] {_lisa} do we go in here?

[09:34] {Threei} unclear yet

[09:35] {Threei} .65 long if holding .60

[09:35] {jfjf64} opxa sorry

[09:35] {Threei} 1:2

[09:36] {Threei} half out or scalp

[09:36] {jfjf64} ty

[09:37] {Threei} out in full

[09:37] {jfjf64} cof 34 break

[09:37] {Threei} +.35

[09:38] {ese} L pcln .164.27

[09:38] {ese} sorry this thing moving too fast to type

[09:38] {jfjf64} in cof

[09:38] {ese} out pcln

[09:39] {ese} 148.24

[09:39] {nemo} when you going long ese?

[09:39] {ese} +1.97

[09:39] {Threei} AIG Update: Price Target lowered to $10 from $20 at Bernstein, maintains Market Perform rating

[09:39] {Threei} - pre-open (28.79, +1.65, 6.08%)

[09:39] {ese} 1 lot

[09:39] {jfjf64} nice ese

[09:39] {ese} tks......those scare mee a litle

[09:40] {ese} don't have dinos nerve with them

[09:40] {jfjf64} comon cof alreedy

[09:40] {ese} look at how fast it's coming down

[09:40] {Threei} Long Setup: HIG .78 if holding above .70

[09:41] {cosmo} DISH breaky

[09:41] {cosmo} 20.40 test

[09:42] {Threei} Long Setup: LVS 13 break if holding above .90

[09:43] {jfjf64} stop cof

[09:44] {jfjf64} grrrrrrrrrrrrrrrrrr

[09:44] {jfjf64} breakouts shakey

[09:44] {cosmo} DISH no breaky

[09:44] {ese} HIG 20.00 is 6 month high from 6th of January

[09:45] {ese} thats appealing to me

[09:46] {Threei} LVS 1:1, half out

[09:46] {dino} v sm v wide pcln s .00

[09:46] {magoo} RIMM vad, bouncer?

[09:46] {Threei} stop to .98 for the balance

[09:47] {Threei} .450 break RIMM

[09:47] {Threei} if holding .40

[09:47] {Threei} .50 that was

[09:48] {Threei} second half LVS stopped

[09:49] {Threei} HIG turns into bounce candidate

[09:49] {Threei} .60 break long if stays above .50

[09:49] {jfjf64} in

[09:49] {dino} pcln stopped -.50

[09:50] {fernp} in

[09:50] {ese} dino......you watchin PCLN

[09:50] {dino} see above

[09:50] {dino} rinsed

[09:51] {ese} aye,,,,,missed that post.....

[09:51] {jfjf64} grrrrrrrrrrrrrr

[09:51] {Threei} no worky HIG

[09:52] {cosmo} yrcw

[09:52] {dino} thoughts es, on pcln

[09:53] {ese} don't know what to think.....

[09:53] {ese} just wondering if it's strong enough to stay between 147 /148

[09:54] {ese} may considering going long again at 148

[09:54] {jfjf64} axp .25 break

[09:54] {jfjf64} all in

[09:55] {Threei} Long Setup: AIG .30 break half lot

[09:55] {ese} the Q was good it beat estimates ...theoretically is should keep moving up for the day

[09:55] {jfjf64} in

[09:56] {jfjf64} axp

[09:56] {jfjf64} .26

[09:56] {nemo} stop on aig vad

[09:56] {dino} so far you are correct

[09:57] {Threei} .05

[09:57] {Threei} invalidated anyway

[09:58] {Threei} RIMM setup is back

[09:58] {Threei} .50 break if holding .40

[09:58] {jfjf64} .35 break axp i need

[09:59] {jfjf64} then off to da bank

[09:59] {ese} eeeecck.....thos .06 to .10 spreads dino are daunting....dangerous

[09:59] {dino} small

[09:59] {ese} if anything ya

[09:59] {Threei} invalidated again

[10:00] {jfjf64} out even axp

[10:01] {ese} HIG capitulation

[10:01] {jfjf64} yup

[10:01] {dino} pcln, break of .00, sm s trig imo

[10:02] {jfjf64} .25 break hig

[10:02] {ese} i'll try that....

[10:02] {jfjf64} in

[10:03] {jfjf64} comon ese

[10:04] {ese} watchin pclnb

[10:04] {ese} lokks good though jf

[10:05] {jfjf64} monday monday

[10:05] {ese} great tune.....and it applies

[10:06] {Threei} Long Setup: AIG 29.10 break

[10:06] {Threei} if stays above 29

[10:07] {jfjf64} stop hig

[10:07] {jfjf64} in 11 aig

[10:08] {jfjf64} wher is ya stop vad

[10:08] {Threei} [10:06] {Threei} if stays above 29

[10:08] {nemo} .00

[10:08] {jfjf64} sorry mr vad was in hig

[10:09] {Threei} not 00 nemo... under

[10:09] {nemo} 29.00

[10:09] {jfjf64} ty

[10:09] {Threei} UNDER

[10:10] {Threei} 1:1

[10:10] {Threei} half out .35

[10:10] {ese} Laig .19

[10:10] {Threei} sorry, .25

[10:10] {jfjf64} half out

[10:10] {Threei} ese... .19??

[10:10] {ese} out .28

[10:10] {ese} +.09

[10:11] {jfjf64} go aig

[10:11] {Threei} 1/4 more out .38

[10:11] {BillyD} out aig ty

[10:11] {ese} ya i had a buy stop at .20 from that 1 min bar just after 10am

[10:12] {jfjf64} done

[10:12] {jfjf64} ty vad

[10:12] {Threei} last portion stop under .10, offering .55

[10:12] {ese} in and out with 4k....i'm happy

[10:13] {ese} you all are doing well

[10:13] {Threei} just entry was a bit too high ese... it established nice tight range lower, which was the reason for my call

[10:13] {jfjf64} aig .45 break i will try again

[10:16] {ese} at 10.02 am i have a 1min bar with a high of .20.....was waiting for that break

[10:16] {ese} and was looking for the market to bounce up

[10:16] {ese} waited too long you figure?

[10:17] {Threei} it danced netween 29 and 29.10 enough to form a tighter entry

[10:18] {BillyD} perfect setup for AIG

[10:18] {BillyD} not often that tight

[10:18] {ese} missed pcln......watching aig

[10:18] {ese} dino did you get in?

[10:20] {nemo} rimm Vad

[10:23] {Threei} can't believe AIG bounced from .10... how's that for precision

[10:24] {BillyD} especially for its volatility

[10:24] {Threei} yeah

[10:24] {BillyD} it might hold a conventional support

[10:24] {Threei} accident of course but plesant nonetheless

[10:25] {magoo} still in it looking for rip

[10:26] {magoo} sigh..takes .50 and falls

[10:27] {dino} no es

[10:28] {Threei} (RU) Russian Financial Minister: Sees no need for Rouble devaluation

[10:28] {ese} it's ming a nice move

[10:29] {Threei} nope, it will happen by itself, why bother

[10:29] {ese} making

[10:29] {dino} yeah, 150 strikes

[10:30] {dino} this should about do it, imo

[10:32] {fernp} BAC breakout, Vad?

[10:32] {ese} yes

[10:32] {ese} heck of a move +18 pts

[10:32] {Threei} can't tell fern

[10:33] {Threei} potential for a trap is just as great

[10:33] {dino} missed it

[10:34] {magoo} out AIG

[10:34] {fernp} ok, i'll try .75 with half lot. TY

[10:35] {ese} L BAC .71

[10:36] {ese} stop .69

[10:38] {magoo} hig trying vad

[10:39] {dino} pcln sm s .00

[10:39] {Threei} I'd like to try coinservative entry on it mags

[10:39] {Threei} let it pull back under .30

[10:39] {Threei} grab it with stop under .20

[10:39] {magoo} yea..ok

[10:40] {magoo} RIMM yet vad?

[10:40] {Threei} hwere we go

[10:40] {Threei} RIMM no

[10:44] {dino} cov pcln .40, +.60

[10:45] {Threei} HIG 1:1 from .30 entry

[10:45] {Threei} while regular break would have kept you at merely 1/3 r/r here

[10:45] {magoo} i make the snowballs...vad throws them :)

[10:47] {Threei} AIG strill not shortable...

[10:47] {Threei} wanted to call 29 break

[10:47] {Threei} tested, not available

[10:48] {Threei} grrr

[10:48] {magoo} its time for RIMM imo

[10:48] {Threei} look how it would have worked

[10:48] {ese} nice one dino

[10:48] {Threei} maybe mags... I am wary of it for now, it's disproportionally weak

[10:53] {ese} out BAC .80 +.09

[10:55] {Threei} nice scalping footwork

[10:56] {ese} tks.....Bac feels very comfortable to trade ....for the size....the fills are instantaneous

[10:56] {Threei} they are on any stock with right broker :)

[10:57] {ese} i hear ya.....i do need to change mine

[10:58] {dino} thx es, and gj

[10:58] {ese} tks also

[10:59] {ese} vad...take a look at drys for me.....04 cent consolidation around .50....this should go up

[10:59] {Threei} it's a valid setup

[11:00] {Threei} whether it works or not is up to trading gods

[11:00] {ese} ya.....thats i was thinking

[11:00] {Threei} I am more fond of conservative entries today

[11:00] {Threei} or agressive

[11:00] {Threei} regilar ones have less chance

[11:01] {magoo} almost green index

[11:01] {ese} what do you consider drys to be

[11:01] {BillyD} look at CROX...nice uptrend today

[11:01] {Threei} .50 break would be regular

[11:01] {ese} OK,,,gotcha

[11:01] {Threei} entry on dive to .45 a few min ago would be aggressive

[11:02] {ese} tks

[11:03] {fernp} out BAC +.10

[11:03] {ese} nice one fern

[11:03] {fernp} ty ese

[11:04] {ese} 20K ?

[11:04] {fernp} half lot. 500

[11:04] {ese} that works....nice one

[11:08] {dino} pcln continues down, cov too soon

[11:09] {ese} my wife the nurse just took a look at drys 1min chart......and quips...."looks like a fetal heart rate"......had to be here ...was funnny

[11:10] {Threei} lol

[11:14] {ese} market has gone comatose

[11:16] {nemo} the market is one with Vad

[11:16] {ese} can here the ummmmmmmm ummmmmmmmm ummmmmmmmm from here

[11:16] {nemo} it's more like Ohmmmmmmmmmmmmm

[11:17] {ese} no it's ummmmmmmmmmm followed by a question in his head......"what in heack are they doing this to me for?"

[11:18] {nemo} I get it.

[11:19] {Threei} you are severely overestimate the sophisticaon of my mental process, ese

[11:19] {Threei} it's more like:

[11:19] {Threei} who are they?

[11:19] {Threei} what am I doing here?

[11:19] {Threei} what do all these blinking numbers mean?

[11:19] {ese} and whay have I subjected myself to this?

[11:20] {Threei} no... still too sophisticated...

[11:20] {Threei} would have to define "this"

[11:21] {ese} ha ha lol

[11:21] {Threei} btw ese

[11:21] {Threei} recognize the spot:

[11:22] {Threei} http://www.realitytrader.com/photography/2009/08/can-you-think-of-better-walking-trails.html

[11:22] {ese} will have a look

[11:22] {Threei} there are two actually, dailight and sunset are taken in diff places

[11:23] {ese} how about island view beach?????????

[11:23] {ese} that was my wifes quess

[11:24] {Threei} Dallas rd for daylight... :0

[11:24] {ese} ahhhhhh.......Washinton Stae across the way.....got it

[11:25] {fernp} really good pics

[11:25] {Threei} ty

[11:25] {ese} excellent pics........second calling i would say

[11:25] {Threei} {BillyD} where'd you bought'em?

[11:25] {BillyD} 6

[11:25] {ese} ouch!

[11:26] {BillyD} sorry, thought you were asking about CROX

[11:26] {Threei} lol

[11:26] {BillyD} lol

[11:26] {BillyD} I remeber now though

[11:27] {BillyD} I like RRD chart but not sure about follow thru in this mkt

[11:27] {ese} am going comatose......have finger on buy trigger for drys......almost ....almost.......almost..........ahhhhhhhhhhhhh.......grabbed right hand away with left.....pheeeeeeeeeewwwwwww

[11:28] {ese} grabbed right hand away with left

[11:28] {Threei} lol

[11:28] {Threei} .75 break in retrospectwas better setup

[11:28] {ese} that was close

[11:28] {Threei} on RRD

[11:28] {BillyD} yeah

[11:29] {BillyD} I wasn't there in retrospect...lol

[11:29] {Threei} keeping an eye on WFC

[11:29] {Threei} in real retrospect, none of us was... {G}

[11:29] {BillyD} very true

[11:29] {Threei} unless in previous life

[11:30] {Threei} WFC stays green and lcose to day high while market retreats

[11:30] {ese} right hand on buy trigger for WFC....................almoooooooooost..............taken away at the last second.....pheeeeeeeeeew

[11:30] {ese} mind games with the market

[11:30] {Threei} lol... Monday has ese at total loss of self-control

[11:31] {fernp} ese, are u going to try .50 long on DRYS?

[11:31] {ese} shere am i...........whats this board.....who are you guys...........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:31] {ese} considering it fern

[11:32] {fernp} ok

[11:32] {ese} market has to do something first......anything

[11:32] {fernp} true

[11:45] {Threei} trying to make uop my mind on WFC range break'

[11:45] {Threei} still no opinion

[11:46] {BillyD} not much conviction out there

[11:48] {Threei} no

[11:49] {Threei} maybe just scalp it within the rane instead if market bounces

[11:49] {Threei} range

[11:49] {nemo} could bounce at .78 pivot at .70

[11:49] {Threei} (RU) Reportedly new Russian car sales in July fall 58% y/y to 157.9K units

[11:51] {nemo} bounced at .78

[11:51] {Threei} I ttok .79

[11:52] {Threei} call me "beyond bored"

[11:52] {ese} LADA ?

[11:52] {fernp} took .80 here

[11:52] {nemo} what chapter in the "Captain Obvious" story is that?

[11:52] {Threei} AIG... this thing just won't quit

[11:53] {Threei} boredom trades get punished fern, eh? :)

[11:54] {fernp} yeah

[11:54] {Threei} although market feels like stronger bounce is coming

[11:54] {fernp} .76 is my stop still in

[11:55] {Threei} yup

[11:58] {ese} gotta say.... I like the drys is holding up as the market is tanking.....

[12:02] {Threei} I am out fern

[12:02] {Threei} .86

[12:02] {fernp} not filled here

[12:02] {Threei} it's coming

[12:02] {Threei} still no??

[12:03] {fernp} yes yes

[12:03] {Threei} gosh, what your broker routes with?

[12:03] {Threei} :)

[12:03] {fernp} ARCA

[12:03] {Threei} and no routing out to other ECNs or what

[12:03] {Threei} there were INET, BATS and someone else at the bid

[12:04] {Threei} and EDGX was the only one remaining at the offer

[12:04] {fernp} I am testing Laser. so I have Laser + brokers' execution window

[12:04] {Threei} you should have been taken out faster

[12:04] {fernp} a mess

[12:10] {magoo} HIG was stronger than mkt vad..

[12:10] {magoo} on mkt pullbk

[12:11] {Threei} true

[12:11] {Threei} and moves up now

[12:13] {Threei} if we get lucky to have opullback closer to .40 I'd be interested

[12:16] {magoo} and u dont think RIMM will bounce?..never ever ever again?

[12:17] {dino} rimm to 70 by exp. imo magoo

[12:17] {ese} man this consolidation in drys is traders dream for institutional traders moving 100000shs lots back and forth across .01 for .01 cent each time....easy money

[12:18] {Threei} not jazzed about RIMM mags

[12:21] {dino} genz drop

[12:25] {fernp} AMAT breaking today and friday low

[12:29] {ese} it seems to me the last 3 trading sessions....the market has bias to the down side......corection coming maybe?

[12:30] {dino} would seem overdue. plus week before exp. usually down 36%

[12:30] {dino} 3-6%

[12:32] {ese} would agree

[12:32] {fernp} out AMAT +.06

[12:33] {dino} gj

[12:33] {ese} gj fern

[12:33] {fernp} ty

[12:33] {ese} nice capitulation

[12:36] {dino} pcln droppping, last support around 147.20, break of tha may be trig short

[12:37] {dino} and as soon as i type that it jumps

[12:47] {dino} genz lod

[12:47] {ese} BAC fighting the market as well now

[12:48] {ese} maybe not

[12:52] {Threei} ok... here goes:

[12:52] {Threei} Guess who is on TV

[12:53] {Threei} I know larisa, I know

[12:53] {larisa} yes please

[12:56] {nemo} anybody check Vad's vital signs

[12:57] {Threei} why

[12:57] {nemo} make sure it's only a coma

[12:57] {Threei} of course it is... occurs every day

[12:58] {Threei} although astute observer would say, started years ago and still continues

[12:58] {nemo} Haven't heard a peep out of the bird either

[12:59] {ese} 3rd big buy for drys....vad would you mind having a look at that and confirming that for me......or is that a sell?

[13:00] {ese} is that accumulation in Drys?

[13:01] {Threei} most likely

[13:01] {ese} tks

[13:03] {magoo} news STT"

[13:04] {Threei} STT $625M 2007 legal reserve set for exposure fo sub-prime crisis and fixed income strategies may not be sufficient - WSJ cites 10-Q filing issued earlier today

[13:04] {Threei} - Reserve at June 30 stood at $193M (51.96, -1.90, -3.53%)

[13:04] {dino} new lows

[13:21] {Threei} Long Setup: WFC .40 break if stays above .35

[13:23] {Threei} no go

[13:24] {fernp} stopped

[13:24] {magoo} ]read on STT vad..i thinkin short

[13:24] {ese} L Drys .45

[13:25] {Threei} hard to tell mags

[13:25] {Threei} double bottom is just as likely

[13:25] {magoo} but all finans are weak here

[13:28] {Threei} DNDN Hearing Deutsche Banking making positive comments (timing uncertain) (23.68, -0.13, -0.55%)

[13:36] {Threei} havce a look at HGSI daily guys

[13:37] {Threei} IMO, shapes up as a play in the future

[13:37] {Threei} goes through toght consolidation under 15 on disappearing volume

[13:40] {Threei} WFC

[13:40] {Threei} double bottom is shaping up

[13:41] {Threei} .20 saupport for stop placing just under

[13:42] {Threei} entry is wherevr yolur aggressiveness tells you to

[13:42] {jfjf64} in

[13:44] {ese} in what?

[13:44] {Threei} lol

[13:44] {Threei} ese, following my steps?

[13:44] {Threei} living in coma?

[13:44] {Threei} out

[13:44] {jfjf64} wfc

[13:44] {ese} indeed

[13:44] {fernp} out RIMM from .26 to .36

[13:44] {Threei} took .26, so I am comfortable with .40 exit

[13:44] {patel} thanks 3i

[13:44] {Threei} 1:2

[13:44] {jfjf64} 1/1 half out

[13:45] {patel} all out

[13:45] {ese} L drys still

[13:45] {chiro} woot!!!...just took .40 from RIMM ...after shorting all morning

[13:45] {Threei} you guys should be ashamed of yourselves

[13:45] {Threei} world suffers... and here you are, profiting from the market

[13:46] {Threei} nasty really... no comradierre

[13:46] {ese} helping the world to be honest

[13:46] {jfjf64} stop at .35

[13:46] {patel} yes, stimulating this economy

[13:46] {patel} lol

[13:46] {Threei} what a perfect formation on WFC

[13:46] {Threei} double bottom with higher low

[13:46] {chiro} y is genz up?

[13:47] {jfjf64} done

[13:47] {jfjf64} ty vad wfc

[13:48] {Threei} sure

[13:48] {magoo} out wfc ty

[13:48] {Threei} GENX had news chiro

[13:48] {Threei} GENZ

[13:49] {chiro} ty

[13:49] {Threei} confusing financial statements, read for yourself and see if you can make sense of it

[13:49] {Threei} Monday, August 10, 2009 1:13:14 PM

[13:49] {Threei} Genzyme Corp Provides Update on Cerezyme Supply; Guides 2009 at low end of prior guidance ranges ($2.35-2.90 v $2.80e, $4.6-5B v $4.75Be)

[13:49] {Threei} - Genzyme has made the decision to discard approximately 80% of remaining work-in-process material. This decision was made to minimize risk to the Allston plant and ensure that new supply will be available by the end of this year.

[13:49] {Threei} - Genzymes decision to discard the majority of the work-in-process material has resulted in a Q2 write-off of approximately $8.4M in addition to the $14.2M write-off previously reported. As a result, the companys second-quarter GAAP net income is now $187.6M or $0.68 per diluted share, compared with $192.2M or $0.70 per diluted share reported on July 22. Genzymes second-quarter non-GAAP net income is now $226.6M or $0.82 per diluted share, compared with $232.5M or $0.85 per diluted share previously reported.

[13:49] {Threei} - If Genzyme does not finish and release any of the remaining material, the company would incur an additional write-off of approximately $2.7M. In addition, Genzyme is currently in discussions with regulatory authorities regarding the release of two lots of Cerezyme that were finished before the plant was shut down. If these finished goods are not released, Genzyme will incur an additional write-off of $3.1M.

[13:49] {Threei} - reminder: on 7/31, GENZ said FDA would reinspect the facility that makes Cerezyme after an initial inspection in May that resulted in a warning letter.

[13:49] {chiro} thnx...but id rather read charts

[13:49] {jfjf64} .93 l usb

[13:51] {dino} smaller than projected costs it would seem

[14:03] {fernp} LVS double bottom, Vad?

[14:03] {Threei} no

[14:03] {Threei} looks rather breakdownish to me

[14:04] {fernp} thanks

[14:06] {dptl} have a good evening all

[14:07] {fernp} bye dp

[14:07] {Threei} take care dp

[14:07] {ese} dddddddpppppppp take care

[14:10] {BillyD} anyone using the NASDAQ route with laser?

[14:11] {Threei} this is the one to use on NASDAQ stocks Billy

[14:12] {Threei} it's former INET/ISLD

[14:12] {BillyD} right and then have it route to INET

[14:12] {BillyD} Vad, under, your Route option on the menu bar

[14:13] {BillyD} dou you have routing strategy "Scan" selected

[14:13] {Threei} I have STGY

[14:14] {Threei} but I still haven't upgraded to latest version

[14:14] {BillyD} ok

[14:14] {Threei} so may not be exact match to yours

[14:15] {BillyD} sometimes it seems I have order sitting on INET for quite a while in advance and everyone else is hit first

[14:15] {BillyD} especially on thick stocks

[14:15] {Threei} dp is your man to talk about it

[14:15] {BillyD} ok, he just left

[14:16] {Threei} he has this approach where he watches for the most active ECN on certain stock

[14:16] {BillyD} ty

[14:16] {Threei} and uses it for their orders

[14:16] {Threei} says he gets his fills faster

[14:16] {Threei} EDGX or BATS for instance

[14:17] {BillyD} I have tried EDGX before

[14:18] {Threei} fern... shorted LVSA by any chance?

[14:18] {Threei} LVS

[14:19] {fernp} how do u know that?

[14:19] {fernp} shorted .38

[14:20] {Threei} I have camera in your office, didn't you know?

[14:20] {Threei} magoo starts his day by debugging his office

[14:20] {Threei} and manages to catch 4 out of 5

[14:20] {fernp} i have to do the same here ;-)

[14:20] {Threei} :)

[14:20] {Threei} [14:03] {fernp} LVS double bottom, Vad?

[14:20] {Threei} [14:03] {Threei} no

[14:20] {Threei} [14:03] {Threei} looks rather breakdownish to me

[14:21] {Threei} then it broike down...

[14:21] {Threei} so I asked :)

[14:21] {fernp} grabbed +.10 ty

[14:21] {Threei} :)

[14:28] {Threei} FRE S&P affirms ratings in light of Q2 results; sees US Govt providing 'extraordinary support' if deemed necessary (7.72, +0.03, 0.39%)

[14:40] {ese} days like this give new meaning to etching out a living

[14:54] {Threei} see now why I prefer coma?

[14:55] {BillyD} coma saves from forcing trades

[14:56] {Threei} yup

[15:12] {Threei} 32% Favor Single-Payer Health Care, 57% Oppose

[15:12] {Threei} On Health Care, 51% Fear Government More Than Insurance Companies

[15:12] {BillyD} only 49% left to wake up

[15:12] {Threei} lol

[15:13] {Threei} scariest words in the world:

[15:13] {Threei} I am from the goverment and I am here to help

[15:13] {nemo} beat me to it

[15:13] {nemo} come comrade, you are sick

[15:13] {Threei} I am faster in my coma than you are in yours

[15:14] {chiro} perhaps, but i snore louder

[15:16] {chiro} r u surprised that RIMM isnt participating in this bounce?

[15:16] {Threei} no

[15:16] {Threei} didn't like it whole day

[15:19] {dino} pcln spike

[15:20] {ese} wow

[15:20] {ese} almost up 20pts on the day

[15:22] {ese} enhanced college fund somewhere

[15:27] {jfjf64} lets go boys ..85 break aig

[15:28] {jfjf64} weird day

[15:29] {Threei} Monday... mid August

[15:29] {Threei} you made money today?

[15:29] {jfjf64} little

[15:29] {Threei} frame it and put it on the wall

[15:30] {Threei} we run somethere around 80% this summer by my intuitive estimate

[15:30] {Threei} tell about it any trader outside of this asylum,

[15:30] {jfjf64} aig

[15:30] {Threei} see their reaction

[15:31] {jfjf64} gonna go

[15:32] {jfjf64} in

[15:32] {jfjf64} hope it wasnt trapppppppppppppp

[15:33] {jfjf64} grrrrrrrrrrr

[15:33] {jfjf64} sd learn the coma

[15:37] {Threei} (US) California could reportedly disclose timing of end of IOU program tommorow

[15:39] {jfjf64} lvs c/h

[15:39] {Threei} nah

[15:39] {jfjf64} ty

[15:42] {jfjf64} good night guys

[15:42] {BillyD} same here, cya tomorrow

[15:43] {Threei} take care guys

[15:53] {Threei} DNDN Signs Lease for New Manufacturing Facility in Atlanta

[15:53] {Threei} - signed a lease agreement with Majestic Realty Co. to build a 160,000 square-foot manufacturing fac

[15:53] {Threei} ility

[15:55] {Threei} okay guys, thank you all

[15:55] {larisa} bye :)

[15:55] {Threei} have a good evening, see you tomorrow

[16:00] {fernp} good nite all

[16:03] {ese} later eh......

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