Session Time: Fri Jul 30 00:00:00 2010
[08:37] {Threei} *(US) Q2 ADVANCE GDP PRICE INDEX: 1.8% V 1.1%E; CORE PCE Q/Q: 1.1% V 1.0%E
[08:37] {Threei} *(US) Q2 ADVANCE GDP Q/Q ANNUALIZED: 2.4% V 2.6%E; PERSONAL CONSUMPTION: 1.6% V 2.4%E; Q1 Final GDP Revised Higher
[08:37] {Threei} *(US) Q2 EMPLOYMENT COST INDEX: 0.5% V 0.5%E
[08:39] {hawk} morning
[08:39] {Threei} hawk :)
[08:40] {Les} {--- begins friday slapping strider around with a hard copy of thursday's trading log
[08:40] {Les} afternoon all
[08:40] {Threei} les :)
[08:43] {Les} market ain't digging the news
[08:46] {Threei} funny how it works
[08:46] {Threei} looking at daily chart of the bounce after selloff, it's obvious that market came into natural pullback zone,
[08:46] {Les} dunno how important this area is for support
[08:47] {Threei} which started two days ago,
[08:47] {Les} but yeh pullback to retest that support
[08:47] {Threei} yet that was exact day when so many commentators and bloffers said, let's go all in long
[08:48] {Threei} just look at daily, isn't this latest top two days ago looking just right for pullback?
[08:48] {Les} wondering which way this pullback would go last night
[08:48] {Les} no way could I hold overnight
[08:54] {nemo} huge level here for spy
[08:59] {Les} http://www.imdb.com/title/tt1235166/
[08:59] {Les} interesting film watched yesterday
[08:59] {Les} in tradition of scarface and godfather. but French audio only.
[09:05] {Les} Actually multiple languages spoken - Corsican, Arabic, French - France is an interesting mosaic
[09:06] {Les} looking at FCX 70 if test of 1090 support is successful
[09:14] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:15] {larisa} :)
[09:20] {Threei} I like this one, feels just right:
[09:20] {Threei} 'Of all the things I've lost, I miss my mind the least'
[09:20] {Les} Presidential speech?
[09:20] {hawk} lol, i know how that person feels
[09:21] {Threei} I feel gopod, thank you
[09:23] {strider} well, you look gopod, too, vad.
[09:23] {Threei} sigh
[09:24] {shorty} gm
[09:24] {Threei} thanks anyway, even though mirror disagrees with you
[09:24] {Threei} ahorty :)
[09:24] {strider} need threeish mirror
[09:24] {ese} gutten abben.........
[09:24] {Threei} ese :)
[09:24] {ese} gutten morgen
[09:24] {ese} ya thats it
[09:24] {Threei} I had that one
[09:24] {ese} hey vad
[09:25] {Threei} it used to speak like this:
[09:25] {Threei} miror miror on ze vall
[09:25] {ese} lol
[09:26] {ese} whos the most serious trader of them all.....??
[09:26] {Threei} serious? certainly not I
[09:26] {Threei} last time I said something serious was, let's see
[09:26] {magoo} morn
[09:26] {Threei} yeah, in 1997, when I asked how come my bacon is undercooked
[09:27] {jfjf64} mornin
[09:27] {ese} magssssss!!!!!
[09:27] {Threei} nothing else could make me speak seriosuly
[09:27] {Threei} magoo, jf :)
[09:27] {magoo} ese:)
[09:27] {ese} yup......don't mess with a mans bacon
[09:28] {Threei} anything but that
[09:28] {Threei} watching usual suspects
[09:29] {jfjf64} how bout mornin lk yest
[09:29] {jfjf64} good stuff
[09:29] {lasertrev} morning all
[09:29] {Threei} if there is a play, we will get it
[09:29] {Threei} trev :)
[09:30] {Threei} LVS is still our candidate number one for opening trade
[09:30] {jfjf64} thatts why we lv ya 3i
[09:30] {Threei} hmmm
[09:30] {Les} jeez thats pushing it jf
[09:30] {nemo} scary manlove
[09:30] {jfjf64} ya guys all crazy
[09:30] {Threei} let's limit it to manly handshake {G}
[09:31] {nemo} with JF, keep it to emails
[09:31] {jfjf64} wantded to se if ya where there les nemo
[09:31] {Threei} lol
[09:31] {Threei} Long Setup: LVS .55 break
[09:31] {Threei} if stays above .45
[09:31] {Threei} 1:1, lol
[09:31] {nemo} damn
[09:32] {Threei} yeah, was about unobtainable
[09:32] {Threei} OK, second chance, entry, same setup
[09:33] {Threei} invalidated, let's wait for lower trigger
[09:35] {Threei} dive under .50 and recross long
[09:36] {Threei} if loses .40, invalidated
[09:37] {Threei} 1:1
[09:38] {shorty} I am out ty
[09:38] {Threei} :)
[09:38] {_long5} goog job. ty
[09:38] {jfjf64} nice
[09:38] {Threei} welcome guys
[09:39] {Threei} market dives, let's see if we get another shot on this
[09:41] {jfjf64} grrrrrrrrrr
[09:41] {Threei} yeah, wasn't clear
[09:41] {jfjf64} exacktly
[09:41] {Threei} and I was busy beaitng myself for not posting this, at the time:
[09:41] {Threei} Long Setup: BP .10 bvreak if stays above 30
06[09:41] * nemo slaps jfjf64 around a bit with a large Threeish dictionary
[09:41] {Threei} 38
[09:42] {jfjf64} grrrr
[09:42] {nemo} yep
[09:42] {strider} numbers at 9:45
[09:42] {nemo} what number
[09:42] {nemo} gdp
[09:42] {nemo} 2.4
[09:42] {jfjf64} room smacks 3i around with bp stick
[09:43] {strider} Chicago PMI
[09:43] {nemo} ahhh
[09:43] {Threei} they are good
[09:45] {Threei} *(US) JULY CHICAGO PURCHASING MANAGERS INDEX: 62.3 V 56.0E (HIGHEST SINCE APRIL 2010)
[09:45] {Threei} told ya
[09:46] {Threei} (US) Preview: July Final University of Michigan Confidence Index due out at 09:55ET
[09:46] {Threei} **Consensus expectation: 67.0e v 66.5 prior
[09:48] {Threei} Long Setup: BP .30 break
[09:49] {Threei} if stays above .25 for scalpers, .20 for day traders
[09:51] {Threei} Long Setup: LVS .60 break
[09:53] {Threei} BP invalidated
[09:53] {magoo} read on RIMM?
[09:54] {Threei} none before numbers
[09:54] {Threei} confidence index is nt likely to be very good
[09:55] {Threei} BRK.A Charlie Munger: Li Lu to be Warren Buffett's successor - WSJ
[09:55] {Threei} *(US) JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 67.8 V 67.0E
[09:55] {Threei} not bad actually
[09:56] {Threei} LVS 1:1
[09:56] {Les} out for the scalp ty
[09:56] {jfjf64} ty
[09:56] {Threei} (lowest since Nov 2009)
06[09:57] * Threei slaps i2romantis around a bit with a large alarm clock where the minute hand piints to two missed plays on LVS
[09:57] {Threei} AONE Ticking higher on chatter stating President Obama to visit an AONE plant later today (10.58, +0.17, 1.63%)
[09:57] {Les} lol
[09:58] {Les} BUY
[09:58] {magoo} rimm is getting back to its old self vad
[09:58] {Threei} Long Setup: RIMM .20 break half lopt
[09:59] {Threei} too volatile here, scratch that
[09:59] {jfjf64} ty
[09:59] {Threei} let's see if we get better pullback
[09:59] {Threei} RIMM Strength attributed to chatter RIMM working on tablet computer to compete with Apple iPad (55.07, -0.63, -1.13%)
[09:59] {magoo} 54.14 low yesterday before terrific rip[
[09:59] {jfjf64} x the marcher today
[09:59] {Les} where'd you sell mags?
[10:00] {magoo} i was partialing and reloading all over
[10:00] {Les} cool
[10:00] {magoo} 56.78 top yester
[10:00] {magoo} ill actually add if i like it
[10:01] {Les} lvs new high. pullback entry again?
[10:01] {Threei} (FR) IMF: France Govt should have additional measures prepared for banks; GDP risks are to the downside (related GLE.FR IXG )
[10:01] {Threei} around .75
[10:01] {Threei} over 1:2 from last entry
[10:02] {Threei} 1:3
[10:02] {Threei} anyone held?
[10:02] {strider} was out in fll at .82
[10:02] {Threei} :)
[10:02] {ese} in and out rimm .19/.32+.12
[10:03] {ese} damn that stock is volitile
[10:03] {jfjf64} banks gettin strong
[10:03] {nemo} spy closing the gap
[10:04] {strider} short RNWK .40 stop .45
[10:05] {magoo} is there blackberry news today?
[10:05] {jfjf64} lvs just monster
[10:05] {Threei} 09:59] {Threei} RIMM Strength attributed to chatter RIMM working on tablet computer to compete with Apple iPad (55.07, -0.63, -1.13%)
[10:06] {jfjf64} ya think
[10:07] {Threei} sharp pullback is coming on LVS
[10:07] {Threei} will be interested in entry under .80
[10:08] {shorty} going for a d/t LVS?
[10:08] {jfjf64} what mks ya look to .80
[10:08] {Threei} Long Setup: BP .40 break
[10:09] {jfjf64} ya cd tell me later ty
[10:09] {ese} L wcrx .10
[10:09] {Threei} if holding above .30
[10:09] {Threei} not a scalp for me
[10:10] {ese} could be bear trap....don't try this anyone
[10:10] {ese} bull trap sorry
[10:10] {Threei} Long Setup: LVS .80 break
[10:10] {nemo} looks like market pull bak
[10:13] {i2romantis} in LVS
[10:13] {magoo} in bp
[10:14] {shorty} holding .70 LVS Threei?
[10:14] {Threei} yeah
[10:14] {Threei} market is unclear here
[10:14] {Threei} hesitates
[10:15] {jfjf64} comon bp pay us
[10:15] {i2romantis} lol, pay us :), funny
[10:15] {jfjf64} eat da .40
[10:17] {magoo} vad, lets stay reading RIMM, i think its going 57 today
[10:17] {magoo} just gotta get a pllbk
[10:18] {ese} out wcrx .01 -.09 lookin weak......
[10:18] {jfjf64} thast was rude bp
[10:18] {Threei} BP never triggered
[10:18] {jfjf64} i know jump it
[10:18] {jfjf64} .40
[10:18] {Threei} when such string resistance gets tested a few times, aggressive entry is not a very good idea
[10:19] {jfjf64} deserve to get stoped
[10:19] {Les} string resistance? low vol. resistance you mean?
[10:19] {strider} stop lvs
[10:19] {magoo} dont feel bad, i took .39
[10:19] {Threei} no go LVS
[10:19] {Threei} strong
[10:21] {strider} FCX
[10:22] {Les} got shaken out of fcx at .20. still haven't learnt to buy the pullbacks
[10:22] {Threei} Les, run a tally: how much you lost on buying these breaks vs pullbacks during July,
[10:22] {Threei} get exact number,
[10:23] {Threei} write in the Post-it in big red letters,
[10:23] {Threei} make another Post-it with arrow pointing to this one, and text:
[10:23] {Threei} Price of Buying Breaks. Want to click that "BUY" afain??
[10:23] {Threei} aslap both on your monitor
[10:23] {magoo} FCX is such a horrible stock too
[10:23] {Threei} look at them every time before entreing position
[10:24] {Les} ok.
[10:24] {Les} lvs b/d .70?
[10:25] {Threei} nag
[10:26] {Les} stopping nagging me
[10:26] {hawk} lol
[10:26] {Les} X read vad
[10:26] {Threei} where the **** is that metal keyboard
[10:26] {shorty} l PWER .49
[10:26] {Threei} it's just one letter, why do you need my help to read it
[10:26] {Les} cat .50 b/d?
[10:27] {shorty} out .62
[10:27] {Threei} no CAT
[10:27] {Les} k
[10:30] {magoo} vad, when u leave and when u return so i mark calender
[10:30] {ese} Lwfc .78
[10:31] {magoo} nnnnnnnnhhhhhhhhmjj
[10:31] {Threei} I can't tell you how flattered I am that someone wants to mark my cominfs and going on calendar
[10:31] {Threei} Aug 9 till the end of that week
[10:31] {ese} out wfc .87 +.09
[10:31] {jfjf64} lk mgm 5 min
[10:31] {Threei} Aug 16 back on
[10:32] {shorty} where are you going Threei? Not that I am going to crash your vacation.
[10:33] {magoo} u be in room 16th?
[10:33] {Threei} yes
[10:33] {nemo} spy probably going to .40
[10:33] {Threei} Oregon coast, shorty
[10:33] {magoo} i hope dino dioesnt wipe ouit your clienel
[10:33] {magoo} clientel
[10:33] {shorty} One of the best roads to travel on there Threei....
[10:34] {strider} rmbs
[10:34] {Threei} :)
[10:34] {Threei} RMBS Ticking higher, hearing chatter of possible positive settlement with Hynix
[10:34] {Threei} - Reminder: ITC recently ruled against NVDA, HPQ, and Asustek on patents (19.46, +0.11, 0.57%)
[10:38] {ese} L wfc .84
[10:41] {jfjf64} mgm gonna go
[10:42] {i2romantis} out LVS + .11
[10:42] {nemo} spy at 200 on 5 minute, was resistance yesterday
[10:43] {Les} i got 100 here, 200 at .80
[10:44] {ese} just break toward .00.....dats all i'm askin
[10:46] {jfjf64} 1/1 mgm
[10:46] {ese} out wfc .97 +.13 3k....classic
[10:46] {jfjf64} half out
[10:46] {Threei} 59% Support Arizona Law; 53% Trust States More than Feds To Enforce Immigration Law
[10:47] {jfjf64} out
[10:47] {jfjf64} lvs drop
[10:47] {Threei} was there any single administration so consistently at odds with public?
[10:48] {strider} maybe Johnson
[10:48] {strider} LBJ
[10:48] {jfjf64} any read lvs 3i
[10:48] {Threei} from under .90
[10:48] {Threei} as close to .80 as possible
[10:49] {magoo} why not short it then ?
[10:49] {i2romantis} i feel the same , 3i
[10:49] {Threei} because it is not a read on direction,
[10:50] {Threei} it is condition under which I will get interested
[10:50] {Threei} as in:
[10:50] {jfjf64} sorry i asked 3i
[10:50] {Threei} IF it goes there, THEN I will be looking for long
[10:50] {jfjf64} see where this going
[10:50] {jfjf64} lol
[10:50] {magoo} my fault
[10:50] {Threei} as opposite to :I think it's going to .80
[10:50] {Threei} no, just explaining my thinking
[10:50] {magoo} but i see it sh .97, stop .03
[10:51] {Threei} well... whatever process goes for thinking with me
[10:51] {magoo} cover .83 sh if IF
[10:54] {Threei} BP hard opullback
[10:54] {jfjf64} lvs 2
[10:55] {Threei} Long Setup: BP .30 break
[10:56] {jfjf64} caught lvs .84
[10:56] {jfjf64} yea baby
[10:56] {jfjf64} ty
[10:56] {Les} .83 sold at .90
[10:57] {Threei} cool beans
[10:57] {jfjf64} ya help
[10:57] {Les} I want more...
[10:57] {jfjf64} and tape reading
[10:57] {Threei} me do
[10:58] {jfjf64} comon lvs nother leg down
[10:58] {Les} ah no I lie 84 jf I am not quicker than the average trader....
[10:58] {jfjf64} lol
[10:59] {jfjf64} buy da pullbk
[10:59] {jfjf64} les
[10:59] {jfjf64} lol
[10:59] {Les} oh piss off. one vad is enough in this room
[10:59] {Threei} I'd say, even one vad is too much
[10:59] {Threei} I can see my wife nodding in agreement
[11:00] {Threei} BP 1:1
[11:00] {jfjf64} hmm i need more monitors
[11:00] {Threei} and LVC is pure unbridled crystalized beauty
[11:00] {Threei} LVS
[11:01] {jfjf64} do stocks lk this come and go 3i
[11:01] {Threei} {LVS} ah, you know how to talk to a gal... if only you remembered my name
[11:01] {jfjf64} its been our go to stock
[11:01] {Threei} yes jf
[11:01] {Les} bp 30 b/d
[11:02] {Threei} they are not marriage type
[11:02] {Les} if hoding40
[11:02] {jfjf64} then 1 day dry up
[11:02] {Threei} some are one night stand, some are more or less exteneded date
[11:02] {jfjf64} hmm
[11:02] {jfjf64} lk that
[11:02] {Threei} used to be UAUA
[11:02] {Threei} then FAS/FAZ
[11:02] {Threei} WFC
[11:03] {Threei} then something else, I don't remember tham all
[11:03] {Threei} now it's LVS
[11:03] {Threei} tomorrow, who knows
[11:03] {jfjf64} when do we know when to throw out of bed
[11:03] {Threei} how un-gentleman...
[11:03] {jfjf64} vol dies off
[11:03] {Les} aw jeez you're a charmer jf
[11:04] {Threei} they leave by themselves
[11:04] {magoo} safely predict nothing moving tomorrow
[11:04] {jfjf64} comon ya talkinn 1 night stands
[11:04] {Threei} we, we stay in bed and wait wheat comes as a replacement
[11:04] {Threei} what
[11:04] {jfjf64} pardon me ladies in room
[11:04] {larisa} inaf already
[11:05] {larisa} no.. eenaf!
[11:05] {strider} mgm break of high, vad?
[11:05] {jfjf64} caught mgm .10
[11:05] {jfjf64} break
[11:05] {Les} you trying out that new keyboard larisa?
[11:05] {Threei} can't tell... not a fan of breaks on this one
[11:05] {Les} or practising threeish?
[11:06] {Threei} neither Les
[11:06] {larisa} no, trying to speak a language he understands and shuts up :)
[11:06] {Threei} she just knows it's the only way I underxtand
[11:06] {Threei} there :)
[11:06] {Les} lvs was disgustingly good long
[11:07] {Threei} well, pardon me... next time I'll try to find something less disgusting {GGG}
[11:08] {Les} au contraire, let's do that again
[11:09] {Les} lvs for hod break?
[11:10] {Les} or too obvious?
[11:10] {jfjf64} think so
[11:10] {jfjf64} tight stop
[11:10] {jfjf64} 5 cents imo
[11:10] {ese} L ctxs .05
[11:10] {nemo} what's your risk/reward with resistance at .20 on LVS?
[11:11] {shorty} I would say high risk nemo
[11:11] {jfjf64} i take 6 cents
[11:11] {nemo} yep
[11:11] {nemo} you've got a .10 stop to run into maybe .10 before resistance
[11:12] {nemo} with spy weakening and moving into lunch on a summer friday
[11:12] {nemo} albeit, last trading day of the month
[11:12] {shorty} I had a limit on short .10 LVS, but never hit
[11:13] {Les} CAT read vad?
[11:14] {Threei} 70 break is probably worth try as short
[11:14] {Les} 50 ma holds it up. I want the break of support. ok thanks
[11:16] {Threei} not a scalp most likely
[11:17] {Threei} 1:1
[11:17] {Les} nicely timed call
[11:17] {Les} and I missed it
[11:18] {Threei} was easy available...
[11:18] {Les} I know
[11:19] {Les} breaks are working as they should today
[11:19] {Threei} 1:2
[11:20] {Les} LVS .90 b/d?
[11:20] {Threei} no
[11:22] {gregns} Vad any read on ATHR pls
[11:23] {Threei} no greg, risk/reward just not there
[11:23] {gregns} thks
[11:24] {Threei} CAT 1:3
[11:25] {Les} :( I am my own worst enemy
[11:25] {strider} out in full .67 +.22
[11:25] {strider} cat
[11:25] {strider} +.32
[11:25] {nemo} nah, Les, can't believe it
[11:25] {Threei} ned to 2x4 to hitat enemy over the head?
[11:26] {Les} think I'll hit myself with whisky
[11:26] {Threei} that's appeasing
[11:26] {nemo} mix in a little hemlock...;)
[11:26] {Threei} lol
[11:27] {Les} scumbag
[11:27] {Les} MAT .40 b/d?
[11:28] {shorty} lol
[11:28] {Threei} can't tell
[11:31] {strider} cover 2/3 RNWK +.05
[11:32] {strider} stop to b/e
[11:37] {jfjf64} lvs breakdn this time
[11:37] {jfjf64} ???
[11:37] {Threei} not a trade I'd take
[11:38] {jfjf64} play the bounce close to .80
[11:38] {Les} vad LLY losing .40?
[11:40] {Threei} nah
[11:45] {Les} fas testing support. how do you feel about zion 22 b/d?
[11:46] {strider} I'm against it.
[11:46] {Threei} me too
[11:46] {shorty} does not look like a lot of volume in the market today....I might call it quits early...not sure
[11:46] {strider} pro-zion supporters.
[11:46] {Threei} lol
[11:46] {strider} redundant
[11:46] {jfjf64} im thinkin short lvs .97
[11:48] {jfjf64} but has nice trend line
[11:48] {jfjf64} up side
[11:48] {jfjf64} hm
[11:48] {jfjf64} not no more
[11:48] {jfjf64} stuk in bg range
[11:50] {Les} zionists win
[11:53] {jfjf64} .97 l lvs break
[11:53] {magoo} 57
[11:53] {magoo} as fore told
06[11:53] * strider slaps magoo around a bit with a large ouiji board
[11:54] {magoo} and cash
[11:54] {magoo} exited .17
[11:54] {jfjf64} 3i ya dont lk this break lvs
[11:55] {magoo} gotta rebopot ..hopefully brb
[11:55] {Threei} no
[11:57] {shorty} see anything with PWER Threei?
[11:58] {strider} FNSR b/d?
[11:59] {Threei} PWER is done for the day I suspect
[11:59] {shorty} ty
[11:59] {Threei} FNSR, toss the coin
[11:59] {Les} ooh yeh I like pwer short
[12:01] {shorty} you see the offer Les?
[12:01] {Les} .50?
[12:02] {shorty} .40
[12:02] {Les} there are few offers at .40
[12:02] {Les} big one at .50
[12:03] {shorty} UBSS and NSDQ is flashing 30K
[12:03] {Les} hmmm a phantom offer?
[12:03] {Les} it comes and goes on laser
[12:04] {Les} I don't know enough about this stuff
[12:04] {shorty} neither do I...I guess that is why I am staying out for now, and that THreei I see's that it is done for the day
[12:05] {Les} I like the air under it. just waiting for the market to sell off
[12:05] {shorty} It is tempting that is for sure Les.
[12:11] {jfjf64} enjoy weekend all see ya monday ty 3i
[12:12] {Threei} fuess who is minutes from giving a speech on TV
[12:12] {Threei} take care jf, have a goo one
[12:12] {i2romantis} MFE vad?
[12:13] {Threei} on pullback closer to .50, would be interested
[12:13] {Threei} PWERke down
[12:14] {i2romantis} would that be long or short?
[12:14] {Les} short .32 small shares. looking for 12
[12:14] {i2romantis} I presume long
[12:14] {Threei} on MFE? long
[12:14] {i2romantis} ty
[12:20] {shorty} did you take it Les? ss PWER
[12:20] {Les} s.32
[12:20] {shorty} awesome
[12:28] {Les} screwed it. out flat. looking for another opportunity.
[12:39] {magoo} back
[12:39] {Threei} wow
[12:39] {strider} market deceased
[12:39] {Threei} we abandoned hope
[12:39] {magoo} more like u popped the champagne
06[12:39] * strider slaps Threei around a bit with a large cop of Pigrim's Progress
[12:40] {strider} copy
[12:40] {Threei} that's a relief
[12:40] {strider} no doubt
[12:40] {Threei} who would have wanted to be slapped with a large cop
[12:44] {strider} RIMM?
[12:44] {Threei} looks breaky
[12:44] {strider} missedd .46
[12:48] {strider} I wish Laser had a cancel button on L2 just for that L2.
[12:51] {strider} ah, does have it on LVL2 button style
[12:54] {strider} trev, you here?
[12:59] {magoo} dcc him
[12:59] {magoo} it will get his attention
[12:59] {strider} just did. thkx
[12:59] {i2romantis} looks like MFE is moving
[13:00] {i2romantis} i should say it's been moving all day and I don't even use mcafee, it's just too damn slow
[13:01] {magoo} RIMM drives me nurts when it wont let u back in
[13:02] {i2romantis} well, it does, magoo, it just wants a higher cover charge, it's that kind of club :)
[13:03] {magoo} ill get in the club here and the bouncer will keep my cover and throw me out
[13:04] {i2romantis} lol
[13:04] {Les} vad how should I view the big spike down in pwer?
[13:05] {Threei} with awe
[13:05] {Les} with big vol.
[13:05] {strider} {------performs perfect genuflection to pwer
[13:05] {i2romantis} lol
[13:10] {i2romantis} I see cup and a broken handle on MFE
[13:10] {i2romantis} the cup is tiny, but the tea is strong
[13:11] {Threei} yorba mate?
[13:12] {i2romantis} yorba what?
[13:12] {Threei} http://en.wikipedia.org/wiki/Yerba_mat%C3%A9
[13:13] {i2romantis} yerba, now i see
[13:13] {i2romantis} yes, that strong
[13:16] {i2romantis} ok, out MFE, +.27
[13:16] {Threei} wtg
[13:17] {i2romantis} tyty
[13:17] {magoo} is that a bulletin board stok? no quotes tyty
[13:18] {strider} in RIMM .49
[13:18] {Les} s pwer .30
[13:19] {magoo} sh rimm .52
[13:19] {i2romantis} gotta be honest, shorted it as well, out MFE +.08
[13:20] {i2romantis} you know, TD fees are killing me, I'd be done already for the day
[13:20] {strider} stop ..you win magoo
[13:21] {Threei} TD???
[13:22] {Threei} i2r... you are the most extravagnt day trader I've ever seen
[13:22] {i2romantis} i know, dave said the same thing
[13:22] {i2romantis} I'm checking out the laser sw soon
[13:22] {Threei} yesteeday wouldn't be too soon
[13:23] {i2romantis} it's just so easy to transfer money back and forth with TD
[13:23] {Threei} I won;t comment :)
[13:23] {i2romantis} plus the thinkorswim is coming, with lower rates
[13:24] {shorty} no problem here i2...I don't make nay money to transfer
[13:24] {i2romantis} lol
[13:24] {Les} pwer stopped -.02 not following market
[13:25] {ese} .
[13:25] {i2romantis} shorting MFE at .27
[13:26] {strider} got too high?
[13:26] {i2romantis} in
[13:27] {i2romantis} covering at .07
[13:31] {i2romantis} i actually expect MFE to drop back to 32 by Tue, good thing Monday is a trading day for NYS, maybe even Monday
[13:36] {i2romantis} out MFE +.20
[13:36] {shorty} awesome....thanks i2
[13:37] {magoo} covered .23
[13:37] {magoo} rimm
[13:37] {i2romantis} yw
[13:39] {i2romantis} shorting MFE if it's back up to .30 level
[13:40] {i2romantis} but holding til monday
[13:44] {i2romantis} scalping MFE, L
[13:46] {Threei} still doesn't look like ready top bounce
[13:46] {i2romantis} LVS tanking
[13:46] {Threei} very nice trade i2r
[13:46] {i2romantis} thx vad
[13:46] {Les} lvs short on bounce vad?
[13:46] {Threei} overall, unuisually pleasant day for a summer friday
[13:46] {Les} close to .85?
[13:47] {i2romantis} yes
[13:47] {Threei} most likely yes, les, above .80, on cross back down if stays under .90
[13:47] {i2romantis} I'd say .90 is good :), but I take on way too much risk anyway
[13:53] {Les} didn't even make .80. oh well
[13:53] {i2romantis} sweet drop on LVS
[13:54] {magoo} vad, if i wanted to buy a backup computer to run laser, does it need alot of gb memory/harddrive or would a $400 unit workvs. a $900
[13:54] {i2romantis} I think MFE is ready for a quick scalp L
[13:54] {i2romantis} rephrase: looks like MFE is ready*
[13:56] {Les} lvs
[13:56] {Les} wrong screen
[13:57] {Threei} I don;'t know how price translates into speed and memory mafs
[13:57] {i2romantis} you just need 1 GB of ram the most, but at least 7.5 Mbps
[13:57] {i2romantis} higher speeds are preferred
[13:58] {i2romantis} depending on how many screens you have open for streaming info
[13:58] {magoo} well, higher is preferred but only have 5.8 mbs now and it worx
[13:59] {Threei} LVS getting ioneterstyiong for bounce
[13:59] {Threei} wow
[13:59] {Threei} ioneterstyiong?
[13:59] {Les} .43 support lvs
[13:59] {i2romantis} lol
[14:00] {magoo} ioneterstyiong
[14:00] {magoo} best yet
[14:03] {magoo} rimm rot
[14:04] {strider} see a new entry for LVS, vad?
[14:04] {Threei} wanted dive under .50 for double bottom
[14:04] {Threei} but never got it
[14:04] {Threei} still watching
[14:05] {i2romantis} took it at .49
[14:05] {i2romantis} waiting for .79
[14:05] {i2romantis} or whatever shows up
[14:07] {i2romantis} nice drop on MFE
[14:07] {i2romantis} not sure why i didn't keep it
[14:09] {Les} pwer starting to get interesting. s .25
[14:10] {Les} keeps bouncing of vwap at .15
[14:10] {Les} diiiiiiiiiiiieeeeeeeeeeeeeeeeeeeee
[14:15] {i2romantis} Market should help get LVS to .80
[14:15] {Les} vad ctxs read?
[14:16] {Threei} not sure
[14:16] {Threei} striggling one
[14:17] {Threei} struggling too
[14:17] {i2romantis} i know
[14:18] {i2romantis} ok then, out at .74, LVS +.25
[14:19] {Threei} why not
[14:20] {Threei} drop to .60 or just under is next entry idea
[14:21] {magoo} u mean LVS?
[14:22] {Threei} yeah
[14:24] {strider} stop balance RNWK +.05
[14:24] {i2romantis} is there an indicator I could use for any stock that is overbought?
[14:25] {Threei} plenty
[14:25] {Threei} but overbought things tend to become overboghter
[14:25] {i2romantis} i'm ok with that :)
[14:25] {Threei} till the get overboughtest
[14:25] {i2romantis} lol
[14:25] {Threei} then they get bought a bit more
[14:26] {Threei} andf only then they sell, after you give up
[14:26] {Threei} then they get oversold,
[14:26] {Threei} oversolder
[14:26] {Threei} oversoldest
[14:26] {i2romantis} :)
[14:26] {Threei} etc... you know the drill :)
[14:26] {Les} after I've bought.... then they get sold
[14:26] {i2romantis} but what are the indicators :)
[14:26] {Les} I'm your indicator
[14:26] {i2romantis} lol
[14:28] {shorty} Is the RSI one of those indicators?
[14:28] {Threei} yes
[14:28] {Threei} stochastic is anopther
[14:28] {shorty} right
[14:29] {i2romantis} remember reading about all this, kinda gotta brush up on it
[14:30] {shorty} I like having colorful candle sticks.
[14:31] {magoo} news RIG vadf?
[14:32] {Threei} nothing fresh
[14:32] {strider} spy dbl top
[14:33] {i2romantis} LVS getting ready to pop?
[14:33] {Threei} I doubt it
[14:34] {i2romantis} k
[14:34] {Threei} unless SPY decides to rally like there is no tomorrow
[14:37] {strider} I'm not sure there's any today left.
[14:38] {Threei} no
[14:39] {Les} pwer stopped. it ain't coming down
[14:39] {Threei} today is ovger... and tomorrow never comes
[14:43] {ese} been a watchin day......have averaged in on ctxs and am long at .79
[14:43] {ese} 2 &1/2 k so far
[14:44] {i2romantis} well, that's nice!
[14:44] {magoo} [14:44] {ese} 2 &1/2 k so far
[14:44] {magoo} HUH?
[14:45] {ese} yup .....it's workin......have seen this pattern a good many times before
[14:45] {lasertrev} I will be away next week, so Dave will be around for any Laser users.
[14:45] {ese} 2500 shs.....did i say that wrong
[14:46] {i2romantis} that makes sense
[14:46] {i2romantis} thx trev
[14:46] {i2romantis} I thought you said $2.5k
[14:46] {i2romantis} :)
[14:47] {i2romantis} i actually trade less than 1500 shs
[14:47] {i2romantis} maybe with laser it'll be a better margin
[14:47] {i2romantis} looking to short MFE by end of day
[14:47] {ese} questrade is no big whoop either......
[14:49] {i2romantis} although, maybe no holding for the weekend
[14:51] {ese} me thinks that the spx is going to pop over 1101 before the day is out....i'm thinkin that ctxs will then pop over 55 a goodly amount and then i'm out
[14:52] {ese} and if i'm wrong..........damn.......
[14:53] {ese} and rightly so........we got one
[14:54] {magoo} on ctxs..wheres your entry ESE
[14:58] {i2r} cool, thx vad
[14:58] {i2r} summer time, so it's a nice shave
[14:58] {strider} thanks, vad :)
[14:58] {Threei} lol
[14:59] {ese} all over the map 55.05,54.93,/.55/54/65.......the computor says .800205....who firgin knows
[15:00] {ese} everything has like 6 decimal places
[15:01] {magoo} miss the fractions
[15:02] {ese} started out at .05 mags and was going to avg dn if it was shallow but after .93 i realised it was going dn farthur so i held off until i saw it stableize in the .45 .55 area
[15:03] {shorty} http://www.youtube.com/watch?v=RmgKu80uGCQ&feature=player_embedded .....I need to trade larger shares
[15:03] {magoo} its just gonna depnd on futes, cklose up or sell off
[15:04] {shorty} I need to trade ese type shares
[15:04] {ese} whats goin on now is what i liked ......s*p heading dn but ctxs stayed put....same as when it was in the .45/.55 area ...s*p dn but it stayed put....showed some strenght
[15:05] {ese} thats mags and dinos boat i thought
[15:05] {shorty} lol....not a fan of the music though
[15:06] {ese} at least thats what they told me when ifirst came on the board
[15:06] {shorty} I cost 20 mil a year for the upkeep on that thing
[15:06] {shorty} it
[15:09] {ese} no........you cost 20mil too......at least thats what vad tells me
[15:09] {shorty} lol...I think my wife would agree too.
[15:11] {i2r} so the market did pick up the speed
[15:13] {strider} long RIG .55
[15:15] {magoo} l rimm .49
[15:18] {strider} out RIG .600
[15:19] {magoo} out too
[15:20] {strider} cluck cluck
[15:22] {magoo} reloaded..RISKY
[15:24] {ese} out ctxs.34 +.54.......nice....have a great weekend all...cya monday
[15:24] {Les} ciao ese good one man
[15:24] {Threei} tajke care ese, see you monday
[15:24] {ese} take care les
[15:24] {ese} vad
[15:24] {magoo} nice have good'un
[15:28] {magoo} no go
[15:43] {shorty} I am done....have a great long weekend everyone, if us Canadians are taking one. Thanks again Threei.
[15:43] {strider} is Monday a holiday?
[15:43] {nemo} ?
[15:44] {i2r} in some provinces only
[15:44] {lasertrev} canadian holiday
[15:44] {Threei} take care shorty
[15:44] {lasertrev} have a good weekend all, see you in a week
[15:44] {Threei} ok guys, thank you all
[15:45] {strider} hope you hve fun next week, trev.
[15:45] {Threei} let's have a relaxingf weekend
[15:45] {strider} thanks vad
[15:45] {shorty} I think my wife has it planned for me to take it off.
[15:45] {Threei} see you on Monday
[15:45] {hawk} enjoy
[15:45] {Les} whhhhhhhhaaaaaaaaaat!
[15:45] {lasertrev} thanks
[15:45] {Les} I wanna kill!
[15:45] {Les} not trev, just one last trade
[15:45] {strider} can't. you're in a neutral country.
[15:46] {Les} oh I've asked Nemo to put you high on the list hillbilly
[15:46] {lasertrev} yah and u have to wear that red and yellow silly outfit
[15:46] {Les} I may be neutral
[15:46] {strider} neutered
[15:46] {Les} that's spain trev
[15:46] {Les} ciao all
[15:46] {lasertrev} swiss guard
[15:47] {lasertrev} later
[15:47] {nemo} He wasn't neutered soon enough
[15:47] {strider} "It got better, though"
[15:47] {nemo} hehehe
[15:49] {strider} I made my best trade all day in RIG, and chickened out for a nickel.
[15:49] {strider} good gosh.
[15:49] {strider} where's that horsehair shirt.
[15:49] {nemo} go right to the razor wire wrap
[15:49] {nemo} put vinegar on it first
[15:49] {strider} pebbles in the shoes.
[15:50] {nemo} broken glass
[15:50] {nemo} Oh, and stick a curling hair brush...nevermind
[15:51] {strider} well, I am learning restraint.
[15:51] {strider} I didn't try to make it up.
[15:51] {nemo} hehehehe
[15:51] {nemo} stuff just flows out of me
[15:52] {strider} too much fiber.
06[15:52] * nemo says, "there's a setup for you"
[15:56] {strider} see y'all Monday.
[15:56] {nemo} TFTW