Session Time: Wed Jul 23 00:00:00 2008
[08:16] {Threei} Good morning early birds
[08:16] {tomg} good morning
[08:16] {Threei} tom :)
[08:17] {Threei} who is up for super risky pre-market play, look to buy WB at 16.80 break
[08:17] {tomg} stop?
[08:17] {Threei} under 16.60
[08:18] {tomg} ok
[08:18] {Threei} again... risky as hell
[08:18] {tomg} what route you use pre-market?
[08:19] {Threei} ISLD
[08:19] {tomg} ok
[08:19] {Threei} make sure you have route out checked
[08:20] {hawkfan4} in .79
[08:20] {tomg} .82
[08:21] {Threei} hawk listened to all "super risky" rant and grabbed whole 1K shares
[08:22] {Threei} [WB] Wachovia Corp Heard on the Street comments on the outlook for Wachovia - WSJ
[08:22] {Threei} - The article notes that Wachovia's Q2 earnings report may suggest that the company can earn enough money in the upcoming quarters to offset its mortgage losses.
[08:22] {Threei} - The WSJ cites the expectations that Wachovia won't need to raise additional dilutive capital as the catalyst for its share price gain following its earning report.
[08:22] {Threei} - The WSJ questions Wachovia's pledge that it won't need to raise more capital because problems will weigh on the bank for several more quarters.
[08:22] {Threei} - The bullish argument for Wachovia is that the company will be able to earn $16B in annualized core earnings and that these earnings will offset the company's future loan loss provisions.
[08:22] {Threei} -However, the bullish scenario could be challenged if the bank's core earnings are below $4B/quarter or if the company increases its credit loss expectations again.
[08:22] {Threei} - The article also notes how Bank of America and Wachovia were relatively optimistic about their outlooks for the end of 2008 and 2009, while JP Morgan and American Express discussed concerns about credit problems among prime borrowers.
[08:22] {tomg} route out INET , vad?
[08:23] {Threei} check route out boxes for everything
[08:23] {tomg} ok, got it
[08:23] {tomg} ty
[08:23] {Threei} sure
[08:23] {Threei} this maskes sure that any route used hits everything in sight, not just its own book
[08:26] {Threei} UAUA... what strength, eh?
[08:31] {Threei} CSIQ
[08:31] {Threei} ANNOUNCES CLOSING OF FOLLOW-ON OFFERING OF COMMON SHARES
[08:31] {Threei} PRICES 3.5M SHARES AT $34/SHARE
[08:31] {Threei} hmmm
[08:32] {Threei} it can be bought in open market for less than that, lol
[08:43] {judijim} good early morning all
[08:43] {Threei} jj :)
[08:44] {Threei} REPORTEDLY PRESIDENT BUSH WILL SIGN THE HOUSING BILL INTO LAW
[08:44] {Threei} {FNM FRE XHB IYR}
[08:51] {Threei} NIGERIAN MILITANT GROUP THREATENS TO DESTROY MAJOR OIL PIPELINES IN NIGERIAN DELTA IN NEXT 30 DAYS
[08:51] {Threei} {USO}
[08:55] {Threei} FNM tries to break consolidation at 15
[08:59] {fernp} Good morning all
[09:00] {Threei} fern :)
[09:01] {peterg} all
[09:02] {Threei} peter :)
[09:16] {Threei} we have oil inventories today at 10:35
[09:16] {Threei} potential market mover
[09:17] {Threei} WM
[09:17] {Threei} S&P CUTS DEBT RATING TO BBB-
[09:17] {pita} gm all
[09:17] {Threei} pita :)
[09:18] {dino} gm all, back in 20
[09:19] {peterg} hello goodye
[09:19] {peterg} dino
[09:19] {dino} lol
[09:21] {Threei} dino :)
[09:22] {peterg} Reading Mark Douglas, Trading in the Zone. Helps me to realize that I am not.
[09:22] {peterg} Working on it
[09:22] {Threei} that's a good one
[09:22] {peterg} yes it is
[09:23] {peterg} You recommended it in Profit booik
[09:23] {Threei} right
[09:23] {Threei} I am not a big fan of most books on trading psychology, they lack in practicality department IMO
[09:23] {Threei} but this one is exception
[09:24] {dptl} good morning all
[09:24] {Threei} if I ever decide to write another one, it will be on practical aspects on trading psychology
[09:24] {Threei} dp :)
[09:24] {peterg} I
[09:24] {peterg} will take one
[09:24] {Threei} no long-winged theory
[09:25] {peterg} I can write that section for you
[09:25] {Threei} day-to-day experiences, underlyiong reasons and what-to-do's, what-not-to-dos and how-to-do-it's
[09:26] {peterg} praktikal
[09:26] {Threei} korrekt
[09:27] {Threei} WB lost support
[09:27] {Threei} FNM on another hand broke and for a change followed through
[09:29] {Threei} dp, look dcc please
[09:30] {hawkfan4} thx vad, -.11 WB, but +. 55 FNM = not too shabby
[09:30] {Threei} wtg
[09:30] {tomg} about the same for me, ty vad
[09:30] {Threei} not bad start for the day
[09:31] {hawkfan4} actually just sold rest FNM +1.25
[09:31] {Threei} that's indecent profit
[09:31] {tomg} .83 for me, happy as heck with that ;)
[09:32] {Threei} FNM off 15.50
[09:32] {Threei} on first sign of strength
[09:33] {Threei} in, stop under 15
[09:33] {Threei} too fast to post in time
[09:33] {Threei} got .15
[09:33] {hawkfan4} .25
[09:33] {Threei} half out
[09:33] {Threei} .65
[09:34] {Threei} offering the rest 16.15
[09:34] {tomg} ty again vad :)
[09:35] {Threei} :)
[09:35] {Threei} FRE dumping
[09:37] {Threei} WM actually went positive... believe it or not
[09:37] {Threei} second half FNM didn't work
[09:37] {hawkfan4} got all but 200 out at .74, out
[09:37] {cosmo} ETFC
[09:37] {cosmo} .62 hod
[09:38] {cosmo} tests
[09:41] {Threei} LEH .81 long
[09:41] {Threei} if stays above .65
[09:42] {Threei} invalidated
[09:44] {Threei} watching UAUA for bounce long
[09:45] {Threei} in
[09:45] {Threei} got 8.91
[09:46] {Threei} USO drop should push UAUA
[09:46] {peterg} .97
[09:46] {Threei} out 9.30
[09:47] {hawkfan4} in .96, out .29, thx :)
[09:47] {Threei} beauty
[09:47] {peterg} out .37, ty
[09:47] {Threei} :)
[09:48] {Threei} WB
[09:48] {Threei} HEARING TAKEOVER CHATTER CIRCULATING
[09:48] {Threei} ugh
[09:48] {Threei} this one got away
[09:50] {Threei} LEH just had to kill setup before triggering and working
[09:55] {Threei} US TSY PAULSONM SAYS GSE SENDS STRONG MESSAGE TO MARKETS
[09:55] {peterg} LEH bounce ?
[09:56] {Threei} overall yes
[09:56] {Threei} but it shakes out so regularly, I am getting self-conscious about calling eright stop on it
[09:57] {Threei} it's almost like:
[09:57] {Threei} define traditional setuip on, with trigger and stop,
[09:57] {Threei} then wait for it to drop beloe support, invalidating the setup
[09:57] {Threei} and buy on that drop
[09:57] {Threei} which is nice and all but in practice makes it highly discretionary,
[09:58] {Threei} no way to call the entry other than on pure feel
[10:00] {peterg} bugged out too soon, made a nickel not a quarter
[10:07] {Threei} USO/UAUA pair qworking nicely for scalps
[10:09] {Threei} UAUA non-shortable today... was yesterday
[10:09] {hawkfan4} i have it available
[10:10] {Threei} can play it both ways off USO moves then
[10:10] {Threei} just wait for pronounced move and trade UAUA if it gives delay for entry
[10:10] {Threei} watch FNM for scalp off pullback to 15.50 area
[10:12] {Threei} if markwet sp;ikes, then .85 break trigger with stop under .70
[10:13] {Threei} break invalidated
[10:13] {dino} late post v l .00, sodetracked
[10:13] {dino} side
[10:14] {Threei} 74?
[10:14] {dino} y
[10:14] {dino} biib drop
[10:14] {Threei} nice one
[10:14] {dino} 'too fast
[10:15] {dino} stopped .30, +.30
[10:17] {Threei} not sure if FNM was attainable on pullback closer to .60, got distracted for a second
[10:17] {Threei} looks like wants to break 16 and jump
[10:17] {Threei} broke
[10:18] {Threei} and jumped
[10:18] {peterg} falling
[10:19] {Threei} UAUA strengthened
[10:19] {Threei} didn't even retreat with USO bounce
[10:19] {dino} nue sm l .25
[10:20] {Threei} oil numbers in 15
[10:21] {peterg} day job for coupla hours; have fun back later
[10:21] {Threei} did we just catch OBL or what
[10:21] {hawkfan4} geez, no kidding
[10:23] {Threei} "slow summer action" eh?
[10:25] {Threei} sharp drop USO
[10:25] {Threei} I guess traders reposition ahead of numbers
[10:27] {Threei} OK, backing off for the next 10 min
[10:28] {Threei} 8 rather
[10:28] {Threei} gosh FNM
[10:35] {Threei} DOE CRUDE: -1.55M V -500KE
[10:35] {Threei} GASOLINE: +2.85M V +200KE; DISTILLATES: +2.42 V +2.4ME; UTILIZATION: 87.1% V 89.5%E
[10:37] {Threei} UAUA gave beaituful delay vs USO
[10:37] {Threei} 10 was easy to get
[10:37] {Threei} anyone grabbed a play?
[10:39] {Threei} watch for another opportunity
[10:44] {Chaeron} good morning everyone
[10:44] {Threei} chaeron :)
[10:51] {Threei} market calmed down a bit, staying on a sideline for now until something shapes up
[10:51] {dino} sm s cetv .30
[11:01] {Threei} watching UAUA for bounce again if USO drops
[11:01] {hawkfan4} out UAUA +.40 short. thx for the idea :)
[11:02] {Threei} perfect play
[11:02] {Threei} wtg
[11:02] {hawkfan4} a beauty, thx
[11:02] {Threei} clean case of "how to fish" vs handing the fish :)
[11:03] {hawkfan4} had a .06 stop, got .97
[11:03] {Threei} that's 1: a lot
[11:05] {pita} adios
[11:06] {dino} ouch iphs
[11:06] {dino} cetv bstop to .60
[11:09] {dino} cov cetv .57, +.73
[11:09] {Threei} wtg
[11:09] {dino} ty
[11:09] {dino} just bobbing and weaving
[11:09] {Threei} .31 long UAUA stop .24
[11:11] {Threei} no worky
[11:11] {Threei} or rinse
[11:14] {dino} v sm ma l .00
[11:22] {Threei} rinse that was
[11:27] {dino} axys
[11:33] {dino} xmsr drop
[11:35] {dino} out ma 272.50 +2.50
[11:35] {fernp} gj
[11:36] {dino} ty, stop was too tight
[11:37] {Chaeron} great one dino
[11:37] {dino} ty
[11:38] {dino} axys thoughts?
[11:39] {dino} guess not
[11:39] {Threei} no
[11:41] {dptl} sgen?
[11:41] {Threei} good report yesterday after close
[11:42] {dptl} 11 break long may be?
[11:43] {Threei} not sure... would expect more volume from a runner
[11:43] {Threei} can go both ways with equal odds
[11:43] {dptl} i see...
[11:54] {dino} v sm l pot .35
[11:56] {Threei} watching FNM for bounce
[11:56] {Threei} and UAUA
[11:57] {Threei} FNM was really fast, just had to take 15 on faith
[11:57] {dino} bphx
[12:00] {Threei} BEAV
[12:00] {Threei} WINS $140M CONTRACT
[12:00] {dino} axys s sm .95
[12:08] {Threei} FED EXPECTED TO ANNOUNCE EXTENSION OF PRIMARY DEALER CREDIT FACILITY THROUGH TO THE END OF THE YEAR - CNBC
[12:08] {Threei} - Currently slated to end in mid September
[12:12] {dptl} got to leave early.......have a good rest of the day all :)
[12:12] {Threei} take care dp
[12:12] {Threei} judging from the smile, had a nice day?
[12:12] {dptl} yep..6 out of 7
[12:13] {Threei} nice batting average
[12:13] {Threei} ok, what's with oil strength
[12:13] {Threei} doesn't it know we need it down
[12:13] {dino} later dp
[12:14] {dino} out pot .95,
[12:14] {dino} +1.60
[12:15] {dino} ugh too tight again
[12:15] {dino} hit me and ran 1
[12:15] {Chaeron} dang dino $1.00+ is regular for you :)
[12:15] {Threei} wow, big oil spike
[12:16] {dino} lol, i wish
[12:17] {dino} uaua
[12:17] {Threei} I bet hawk shorted it off USO spike
[12:18] {dino} we all should've
[12:18] {Threei} it's not available at Laser today
[12:19] {Threei} gave an idea earlier, to play UAUA both ways off sharp USO moves
[12:19] {dino} yes you did
[12:20] {dino} bstop axys to .52
[12:20] {dino} jumpy
[12:21] {dino} enoc?
[12:21] {dino} can't borrow
[12:21] {Threei} no fresh news
[12:21] {Threei} utility
[12:26] {dino} axys bstop to .47, it will most likely slip
[12:27] {dino} tighten to .35
[12:28] {dino} to .26
[12:30] {dino} cov axys .24 +.71
[12:30] {dino} see the jump
[12:31] {dino} ok, i'll shut up
[12:32] {dino} nue stop to .75
[12:34] {Threei} MICHAEL BLOOMBERG AND BILL GATES ARE DONATING $500M TO HELP COMBAT SMOKING IN DEVELOPING COUNTRIES - CNBC
[12:35] {Threei} that's a really most urgent problem on today's agenda
[12:35] {dino} out nue +.50
[12:36] {dino} yeah, while the gov't subsidizes tobacco farmers
[12:40] {dino} axys $1 jump
[12:45] {Threei} US SENATOR DODD CONFIRMS AGREEMENT AMONG SENATE, HOUSE AND WHITE HOUSE ON HOUSING BILL
[12:56] {dino} pcln
[13:04] {Threei} why can't I short UAUA here :(
[13:04] {Threei} USGS: ALASKA MAY HOLD 1/3 OF WORLD OIL RESERVES IN ARCTIC AREAS
[13:06] {Threei} long instead, USO dropping
[13:09] {Threei} jumps up and down, no real direction...
[13:12] {Threei} come on UAUA
[13:14] {Threei} too much work for a scalp
[13:14] {hawkfan4} in .61
[13:14] {Threei} got .62, and out for +.10
[13:14] {Threei} taking 30 min break
[13:15] {Threei} morning wqas fun but now feels too mugh like work
[13:16] {peterg} gonna read my book
[13:21] {dino} eating lunch
[13:27] {dino} sm s axys .48
[13:37] {dino} axys stopped .74 -26
[13:37] {dino} .
[13:39] {dino} rinsed
[13:45] {dino} v sm l ma .75
[13:53] {dino} sm l celg .25 stop .88
[13:53] {Threei} PREVIEW: FED'S BEIGE BOOK SUMMARY OF REGIONAL ECONOMIC CONDITIONS DUE OUT AT 2PMET
[13:53] {Threei} **reminder: the last Beige Book on 6/11 stated:
[13:53] {Threei} - Reports of higher input costs widespread , some pass through to customers
[13:53] {Threei} - Retailers reported mixed results in attempts to increase prices, some districts note higher inventory levels
[13:53] {Threei} - wage pressures moderate or limited for all districts with few exceptions; Notes that employment hiring is 'spotty'
[13:53] {Threei} - Districts seeing rising export demand
[13:53] {Threei} - Seeing Credit quality deteriorating or expected to deteriorate in some distrcits, real estate market weak across most districts
[13:53] {Threei} - Three districts note economy as softer, weaker and lower, five districts note little change in conditions, four saw 'sluggish growth'
[13:54] {Threei} FED'S BEIGE BOOK: US ECONOMY SLOWED 'SOMEWHAT', PRICE PRESSURES ELEVATED OR RISING
[13:55] {Threei} - Notes manufacturs plan on raising prices, some firms cite difficulty in raising prices
[13:55] {Threei} - Most districts see mixed weak or slowing consumer spending
[13:55] {Threei} - Wage pressures limited with soft labor market
[13:57] {Threei} - Districts note bank loan growth as 'restrained'
[13:58] {Threei} sharp move FNM
[13:58] {dino} out ma 270.95 +1.20
[13:59] {Threei} :)
[14:03] {peterg} thks dino, out CELG for .12
[14:04] {dino} gj, better than i
[14:04] {dino} wanted .65
[14:04] {peterg} I'll take your 1.20 on ma...wow!
[14:04] {dino} lucky
[14:05] {peterg} we know where luck comes from
[14:05] {Threei} bottle of vodka?
[14:05] {Threei} USO flush is coming
[14:06] {dino} lol
[14:06] {dino} i will be out tomorrow -aug. 2nd. vacation...so keep magoo in line
[14:06] {Threei} easier said than done
[14:06] {Threei} where are you going?
[14:06] {Chaeron} have a good one dino
[14:06] {dino} ty
[14:07] {Chaeron} yeah... we need to live vicariously
[14:07] {dino} sunset beach, nc. just north of myrtle beach
[14:07] {Threei} cool
[14:08] {dino} its' fun/relaxing
[14:08] {Threei} feels like big USO drop is coming
[14:09] {Threei} here we go
[14:09] {Threei} magoo would have loved this "feel" call
[14:10] {Threei} UAUA was easy scalp of that
[14:10] {Threei} with some breathing probably, but it's not over
[14:10] {dino} sm v l .05, stop lod
[14:10] {Threei} USO going lower today
[14:12] {dino} odfl dump
[14:20] {dino} out v .43, +.38
[14:20] {dino} too tight again
[14:23] {dino} odfl sm l .00
[14:23] {dino} stop .68
[14:26] {Threei} ok, anyone took UAUA off my USO call?
[14:26] {Threei} 'cause if not, I am taking three years off
[14:28] {patience} watched it vad, didn't trade it because i partied hard last night...my responses are a little slow today
[14:29] {Threei} great, I'll see you all July 23 2011!!
[14:30] {dino} shame on you patience... :)
[14:30] {hawkfan4} i did vad, in again from .30
[14:30] {patience} is it worth every tylenol this morning
[14:30] {Threei} AWWW!!!
[14:30] {Threei} come on hawk... :(
[14:30] {kazaam} what about UAUA at break of .50?
[14:30] {Threei} it's not a technical play on its own kaz
[14:30] {Threei} it's USO reverse following play
[14:31] {kazaam} oh, gotcha
[14:31] {Threei} call for USO drop was to be utilized by long UAUA
[14:31] {Threei} or DAL
[14:31] {Threei} or NWA
[14:31] {Threei} any airline
[14:33] {peterg} Patience and I are going to write a book, "DRUNK TRADING,"
[14:33] {Threei} FED'S PLOSSER: ECONOMY HAS NOT CHANGE MUCH IN RECENT WEEKS, EVERYONE AGREES RATES ARE PETTY LOW AND NEED TO GO UP
[14:33] {patience} i'll drink to that peter
[14:33] {peterg} Or maybe "TRADING DRUNK"
[14:33] {peterg} great
[14:33] {Threei} lol
[14:34] {dino} hmmmmm. if you need any ghost writers, lol
[14:34] {Threei} I'll write foreword
[14:34] {peterg} idea from Vad earlier, who suggested bottle of vodka for some reason
[14:34] {peterg} beein thinking about it
[14:34] {dino} hung over trading....
[14:34] {Threei} it will be a short one... "here is to... ummm... what was the book title again?"
[14:34] {peterg} good title
[14:34] {patience} i like that one dino...good title
[14:35] {dino} i know it a bit too well
[14:35] {dino} odfl stop to .42
[14:36] {Threei} I feel I am in a bad company... again
[14:36] {Threei} and loving every minute of it
[14:36] {peterg} best kind
[14:37] {dino} bummer is, i have a golf match at 4:30, and magoo not here to bring me a free brews around 4:00, hate to go in dry
[14:37] {peterg} Newspaper column: The Drunken Trader
[14:37] {peterg} softer: The Drinking Trader
[14:38] {dino} such problems i have
[14:38] {Threei} I am crying here dino
[14:38] {patience} beer fridge is full here dino....stocked up with european stuff
[14:38] {patience} better get over to the island here
[14:39] {dino} nice, i did see a few coors extra golds in ours
[14:39] {peterg} Dortmunder Union, anybody?
[14:39] {dino} just hate to drink alone
[14:39] {peterg} sometimes you gotta do what you gotta do
[14:39] {Threei} Innis and Gunn, peter
[14:39] {peterg} sounds exotic
[14:39] {peterg} where from?
[14:40] {dino} out odfl .62,
[14:40] {dino} +.62
[14:40] {Threei} England
[14:40] {dino} vacation will be land shark.....then in august red stripe
[14:41] {peterg} o jah, jamaica
[14:41] {dino} aug 15th
[14:42] {dino} oh man, too tight again
[14:42] {dino} different type of day today
[14:54] {dino} celg stopped -.37
[15:02] {dino} glad i stopped
[15:10] {Threei} ATTORNEY FOR CITY OF SAN DIEGO REPORTEDLY TO LAUNCH LAWSUIT AGAINST WM, WFC AND WB TO HALT FORECLOSURES
[15:10] {Threei} hmmm?
[15:12] {Threei} let's see if I get this straight
[15:12] {Threei} I take loan I have no means of paying of
[15:13] {Threei} lender takes me to the task when I default
[15:13] {Threei} I sue a lender?
[15:14] {Chaeron} sure.... you shouldn't have gotten the loan in the first place is the prosecution's argument... they say that they accepted and pushed through bad loans with high risk anyway... I'm not agreeing by any means... just giving you the other side's arguement
[15:14] {dino} only in america
[15:15] {dino} and if they refiused you the loan, they would sue too
[15:15] {Chaeron} it's just sue-happy country
[15:15] {Threei} yeah, I gathered that would be their argument... it's just that I can't fathom it :)
[15:15] {Chaeron} well, can you fathom that McDonalds gets sued for serving coffee that is hot?
[15:15] {Threei} next step is, "I decieved you, now I will sue you for trusting me"
[15:16] {Chaeron} I LIKE IT! Let's get our law degrees!
06[15:16] * Chaeron is now known as Chaeron, Esq
[15:18] {Chaeron} lose money in the market guys and we'll sue to get it back... you shouldn't have had the danger of losing $$$ even tho you were fully aware you could have... who's my first client?
[15:19] {dino} well, that is happening now w/fnm, fre
[15:19] {Threei} and let's sue brokers for letting our orders through while we are at it
[15:19] {dino} gov't backing up private buyers of stock and debt
[15:19] {Chaeron} yeah... even the unsolicited ones
[15:20] {dino} sm l pcln .70
[15:26] {dino} .
[15:26] {dino} power surge
[15:28] {dino} pot crushed, i think earnings tomorrow
[15:50] {dino} out pcln 101.70, +1.00
[15:51] {hawkfan4} nice job
[15:51] {dino} thx
[15:51] {Threei} nice end of the day
[15:52] {dino} calling it a week. take care all, back aug 4th for trades
[15:52] {Threei} have fun dino
[15:52] {hawkfan4} have fun dino
[15:52] {Chaeron} bye dino. we'll miss you
[15:52] {Threei} OK guys, thank you all
[15:52] {peterg} have gd time in NC
[15:52] {dino} 3 stops on 14 trades,. think i got lucky
[15:52] {Threei} have a good evening, see you tomorrow
[15:52] {hawkfan4} thx vad, nice day
[15:52] {peterg} clog dancing in Asheville
Wednesday, July 23, 2008
Tuesday, July 22, 2008
Jul 22 2008
Session Time: Tue Jul 22 00:00:00 2008
[08:54] {peterg} gm--I am out of computer hell, where competing security systems fought each other to a standstill on my platform. Ugly business.
[08:54] {peterg} Memo: one at a time, one at a time.....
[08:54] {Threei} good morning
[08:55] {Threei} Norton fighting Kaspersky for the right to kill Adaware... that must be some spectacle
[08:56] {peterg} iI could follow us and get mail, but nothing else.
[08:57] {dptl} good morning all
[08:57] {Threei} dp :)
[08:57] {kazaam} gm
[08:58] {Threei} kaz :)
[09:00] {Threei} financials continue rocking the market
[09:00] {Threei} SNDK ugly hit
[09:04] {GeoArb} gm
[09:04] {Threei} Geo :)
[09:11] {Threei} US TREASURY SEC PAULSON SAYS WE WILL ALWAYS HAVE BANK FAILURES, BUT DO NOT SECOND GUESS REGULATORS
[09:11] {Threei} - Adds that it is important that regulators anticipate problems
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {pita} gm all
[09:12] {Threei} pita :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:20] {fernp} Good morning all
[09:22] {Threei} fern :)
[09:22] {esemde} good morning.......
[09:22] {Threei} ese!
[09:22] {Threei} how's vacation going?
[09:22] {esemde} I'm back!....bitten to death...but i'm back
[09:23] {cosmo} SNDK
[09:23] {cosmo} tests
[09:23] {esemde} relaxing Vad...
[09:23] {esemde} will take me a few days to get into the swing of things here though..
[09:24] {esemde} hows the market been......earnings season?? anything out of the ordinary
[09:25] {Threei} very active
[09:25] {Threei} maniak-depressive
[09:25] {esemde} interesting...for the middle of summer?
[09:25] {Threei} yes
[09:25] {Threei} extreme optimism to totall depression and back, all within one day
[09:26] {esemde} how so?
[09:26] {cosmo} two poles
[09:28] {Threei} I guess I'll skip first few minutes to let the dust settle a litle
[09:28] {Threei} too many news shocks overnight
[09:28] {Threei} BAC, WB, V, AXP, SNDK
[09:28] {Threei} and none of them good
[09:29] {cosmo} SNDK needs to hold 14.25
[09:29] {cosmo} imho
[09:29] {Threei} FNM .50 break maybe
[09:30] {Threei} uhhu
[09:30] {Threei} lol
[09:32] {kazaam} i think you mean short at touch of 50 right? hehe
[09:32] {Threei} ok, worth a try for bounce soon FNM
[09:33] {Threei} FED'S PLOSSER: HOUSING STRUGGLES ARE SPECIFIC TO CERTAIN GEOGRAPHICAL AREAS, MONETARY POLICY CURRENTLY 'BETWEEN A ROCK AND A HARD PLACE' - Q&A
[09:33] {Threei} - Adds that it will take some time for inrerest rate cuts to move through the economy
[09:33] {Threei} - Policy has to focus on the 2009 economy outlook
[09:33] {Threei} - Action is need to address high inflation
[09:33] {Threei} 12 break
[09:33] {Threei} late?
[09:34] {tomg} in at 12.00 out at 12.60, ty vad
[09:34] {Threei} welcome, good job
[09:35] {tomg} only got 100, but happy :)
[09:40] {cosmo} BRCD 6.60 hod
[09:41] {cosmo} testing
[09:41] {cosmo} healer
[09:42] {cosmo} i think...
[09:43] {esemde} SVNT going nuts
[09:44] {Threei} no news
[09:44] {esemde} non that I can see
[09:45] {esemde} Vad do you see that as being less reliable?
[09:45] {Threei} ?
[09:45] {esemde} can't predict the momentum....
[09:46] {esemde} without news that is
[09:46] {Threei} not really... can be both ways
[09:47] {Threei} SNDK selling accelerates
[09:47] {esemde} hmmmmm has price target up 30 and possible buy out candidate.....SVNT
[09:48] {Threei} .51 I'd try long
[09:48] {Threei} if stays above .40
[09:48] {Threei} better yet above .45
[09:49] {esemde} BMRN also...bio tech....anyone have news on Bio Tech sector?
[09:50] {Threei} hmmm... market spike but what's following it?
[09:52] {dino} sm l de .01, stop lod
[09:52] {Threei} NNBR
[09:52] {Threei} 15 break long
[09:53] {esemde} now thats what i've missed....seeing dino in action....thing of beauty!!!
[09:53] {Threei} half lot NNBR
[09:53] {dino} lol es
[09:54] {dino} pcln blood
[09:55] {dino} pcln sm l .80 risky
[09:56] {kazaam} vad, on thin stock like nnbr is it better to get in before break?
[09:57] {esemde} NDX moving higher....early morning sell-off...finish the day strong????? any takers on that hteory
[09:57] {esemde} theory
[09:58] {dino} i think you are correct
[09:58] {dino} time will tell
[09:59] {esemde} looking at charts right now......gotta wonder whether markets have been severely sold at this point...
[10:00] {dino} pcln stopped
[10:00] {Threei} LEH
[10:00] {Threei} 18 break long if stays above .85
[10:02] {esemde} did you take it Vad? by the time i cued into it ...it was gone
[10:02] {Threei} yes
[10:02] {Threei} JULY RICHMOND FED MANUFACTURING INDEX: -16 V -9E
[10:02] {Threei} yikes
[10:04] {pita} LEH rinsed
[10:04] {dino} smaller shares, last try pcln l .00
[10:05] {Threei} oil drop supports market
[10:05] {Threei} looks like we are going with reverse logic now
[10:05] {Threei} bad news for the economy - oil drop - market up
[10:06] {Threei} that wasn't nice of LEH
[10:06] {pita} painful
[10:06] {dino} oih collapse
[10:07] {dino} out pcln .00, +1.00
[10:09] {Threei} FED'S PLOSSER REMARKS THAT THE CREDIT FACILITIES FROM THE FED ARE NOT INFLATIONARY, AND PRICE EXPECTATIONS ARE SHAKY YET STABLE
[10:09] {Threei} will they ever shut up?
[10:09] {dino} i was thinking the same thing
[10:10] {esemde} Not inflationary!!!!! NOT INFLATIONARY!!!!! ya print more moeny you get inflation!!!!!! what the???
[10:10] {hawkfan4} me too
[10:10] {dino} salvation through inflation is the theme
[10:10] {kazaam} well if its not inflationary they should just print some money and send it to us
[10:11] {dino} i want my losses re-imbursed
[10:12] {dino} :)
[10:12] {esemde} good one dino....
[10:13] {Threei} CEO: WACHOVIA IS 'ON STRONG FOOTING', HAVE 'DONE OUR BEST TO BE MORE CAUTIOUS' - CONF CALL
[10:13] {cosmo} strong, but shaky ...
[10:18] {kazaam} is nnbr still in play?
[10:18] {Threei} yes, as long as holding above .85
[10:19] {Threei} C
[10:19] {Threei} UPDATE: GOLDMAN SACHS ANALYST SEES FY08 EPS AT -$1.10 V -$1.20 PRIOR VIEW, FY09 AT $2.10 V $2.40 PRIOR
[10:20] {esemde} Vad ...on your trade the news site....is there anything on SVNT
[10:20] {esemde} been interesting watching it...
[10:20] {Threei} nope
[10:20] {esemde} tks
[10:24] {dino} fwlt sm l .50 stop lod
[10:24] {dino} grmn acting up again
[10:30] {Threei} with oil dropping, I'd expect ROYL to pick up some strength
[10:31] {Threei} no sign of it so far, but worth keeping eye on
[10:35] {Threei} I have troubles finding stocks that follow market today
[10:35] {Threei} it's like NQ moves by itself
[10:35] {Threei} MAY HOUSE PRICE INDEX: -0.3% V -0.8%E
[10:36] {dino} yeah, i've been telling magoo the indexes don't match what's happening
[10:37] {Threei} IMF'S LIPSKY: DETERIORATION IN INFLATION EXPECTATIONS ARE POTENTIALLY A SERIOUS GLOBAL RISK
[10:37] {Threei} DETERIORATION IN INFLATION EXPECTATION - Lipsky's good...
[10:43] {Threei} SNDK quieted down
[10:43] {cosmo} BRCD holds 6.80
[10:43] {cosmo} so far
[10:43] {Threei} .25 long if stays above .15
[10:44] {dino} .
[10:45] {cosmo} good point
[10:45] {Threei} fine point I'd say
[10:46] {dino} got knocked out of cyber, thought whole system was down
[10:47] {GeoArb} cruise companies seem to be killing it
[10:47] {dino} wow xto, great report, take it down. they trade like the commodity anymore
[10:48] {dino} i guess if oil goes to 100, xto goes to 1
[10:50] {Threei} out SNDK
[10:50] {Threei} +.25
[10:50] {tomg} wtg vad, beaut :)
[10:50] {Threei} :)
[10:52] {dino} amzn sm l .50 stop .13
[10:54] {cosmo} BRCD hod = 7.05 fyi
[10:55] {dino} amzn stopped -.37 that was quick
[10:55] {Chaeron} Good morning all
[10:56] {Threei} Chaeron :)
[10:57] {Threei} WB
[10:57] {Threei} NOT LOOKING TO ISSUE STOCK AS MEANS FOR RAISING CAPITAL
[10:59] {dino} yeah, right
[10:59] {Threei} WSJ: FORD WILL CONVERT 3 TRUCK PLANTS TO MAKE CARS - UNCONFIRMED REPORT
[11:09] {esemde} long ZION 26.40 half lot
[11:11] {esemde} stop 26.10
[11:18] {Threei} NNBR over 1:1 solidly
[11:19] {Threei} hard to tell whether it has more in it
[11:19] {pita} took .20 of ZION ese ty
[11:20] {Threei} nice one ZION
[11:20] {Threei} no takers on NNBR?
[11:20] {Threei} and no one but tom went for SNDK?
[11:20] {Threei} sheesh, just showering you guys with winning trades only to be ignored
06[11:21] * Threei removes himself to remote Tibet monastery for three years of highly focused navel-gazing
[11:22] {esemde} GJ pita...gonna hng in there a little longer
[11:22] {pita} worth holding
[11:22] {esemde} see if it can punch through 27
[11:22] {Threei} UAUA
[11:22] {Threei} REACHES AGREEMENT IN PRINCIPLE TO ENHANCE LIQUIDITY BY APPROXIMATELY $1.2B
[11:22] {Threei} - Announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. and Paymentech, one of its credit card processors, to extend the term of their respective agreements.
[11:22] {Threei} - United will receive a payment of $600M from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200M in the next two years.
[11:23] {esemde} if i get any resistance at 27 i'm outta there
[11:23] {Threei} missed news...
[11:24] {esemde} out ZION .85 +.45
[11:24] {esemde} sewer guys are here to do my drains
[11:25] {esemde} can't monitor it
[11:25] {esemde} i'll take .45
[11:25] {peterg} nice trade & good to have freshened sewers.
[11:26] {esemde} ya ...i'll say...
[11:26] {esemde} only 1 inch opening....pretty much blocked
[11:26] {esemde} could be tense around here for a couple of hours
[11:27] {laserdave1} hey guys just so you know
[11:27] {esemde} see you all a little later
[11:27] {laserdave1} laser will be going down for about 2 minutes
[11:27] {Threei} take care ese
[11:27] {laserdave1} will go down in about 10 minutes from now
[11:27] {laserdave1} it will go down for about 1 minute
[11:34] {Threei} sheesh UAUA
[11:36] {dptl} yeah....i grabbed lcc with it but only for 10c
[11:37] {laserdave1} ok laser back
[11:37] {laserdave1} log in guys
[11:38] {Threei} in
[11:38] {dptl} in
[11:40] {Chaeron} x
[11:46] {dptl} spr?
[11:50] {Threei} not sure
[11:50] {Threei} but getting interested in UAUA for bounce
[11:51] {dptl} ok ty
[11:51] {hawkfan4} took .20 on NNBR on the bounce, thx vad
[11:52] {Threei} :)
[11:52] {laserdave1} Chaeron dcc please
[12:06] {pita} later everyone
[12:07] {Threei} take care pita
[12:27] {Chaeron} .
[12:31] {Threei} WB, will get interested if drops to 13.5 at least
[12:34] {Threei} CSIQ sharp drop
[12:37] {dptl} qlgc?
[12:38] {Threei} I wouldn't
[12:38] {Threei} thick, slow
[12:38] {Threei} not what you want in lunch time
[12:38] {dptl} ok ty
[12:45] {Threei} market confused itself with all the morning jumps, decided to sit quietly and ponder next move
[12:46] {Threei} wow CSIQ
[12:47] {Threei} feels like quick drop to 28 or just under should provide bounce
[12:53] {Threei} too optimistic
[12:59] {Threei} UAUA .50 break for a scalp if holding above .35
[13:05] {dino} xmsr
[13:06] {dino} no merger
[13:08] {Threei} WSJ: 1 FCC MEMBER VOTES AGAINST MERGER WITH SIRI, VOTE NOW STANDS AS 2-1
[13:08] {Threei} - Note two members have yet to vote
[13:09] {dino} ahh
[13:21] {dino} out ma 270.75, +2.50 yesterday
[13:22] {hawkfan4} sweet
[13:22] {dino} lucky, gapped down hard off of amex
[13:37] {kazaam} wow, that is some disciplined sideways action
[13:39] {Threei} very much so
[13:43] {dino} sm l cetv .65, stop .29
[14:07] {Threei} 7.49 short scalp trigger for UAUA
[14:07] {Threei} if stays under .60
[14:13] {dptl} covered .38 uaua ty
[14:14] {Threei} :)
[14:14] {jmb} thanks Vad
[14:14] {Threei} welcome
[14:15] {Threei} just when everyone though I was in that monastery already eh?
[14:16] {Threei} CSIQ one more quick drop is coming
[14:17] {Threei} happened while I was typing actually, lol
[14:21] {Threei} absense of shorts on financials is inconvinient
[14:21] {Threei} look at 1 min FNM
[14:21] {Threei} was clean short setup at .50 break
[14:23] {hawkfan4} was pretty
[14:23] {Threei} if I were them, I'd do this ban differently
[14:24] {Threei} short to your heart content as long as you cover within same day
[14:24] {Threei} would bring net neutral result on day to day basis, and would provide a lot more liquidity
[14:25] {Threei} esentially stabilizing the price, and as a bonus providing serious fuel for upward move in case of good news
[14:25] {Chaeron} hmmm... Vad angling for head of SEC
[14:25] {Threei} I am more effective in a "behind the curtain consultant" role
[14:26] {Chaeron} as long as they pay you well
[14:26] {Threei} well?
[14:26] {Threei} nope
[14:26] {Threei} very well
[14:26] {Threei} that may do it
[14:27] {Chaeron} :)
[14:37] {Threei} watch USO and UAUA
[14:37] {Threei} now hat UAUA bounced back into resiatance .50, USO tuern up will send it back down
[14:38] {Threei} can't call it as a trigger since it's more of relation than exact numbers
[14:38] {Threei} so if you understand the idea of a trade, try to find it
[14:38] {Threei} if not, ask
[14:38] {Threei} and I will do my best to pretend I understand what I just said
[14:39] {dptl} lol
[14:40] {dino} oh ohh, forgot order, s sm skyw .65
[14:40] {dino} stop hod
[14:43] {Threei} accordingly... IF USO drops, .51 will become UAUA long trigger
[14:43] {Threei} ummm... a bit late
[14:45] {dino} out cetv .65, +1.00
[14:46] {Threei} beauty
[14:46] {dino} ty
[14:46] {Threei} don't tell magoo I called you that
[14:46] {Chaeron} jealous?
[14:47] {Threei} I don't want to find out
[14:47] {dino} lol
[14:47] {hawkfan4} lol
[14:48] {Threei} watch LEH here
[14:48] {Threei} if NQ spikes sharply through 1810 LEH will jump too
[14:49] {Threei} it often gives little delay for entry when market makes sharp move
[14:49] {Threei} quite scalpable
[14:50] {Threei} feels like market spike is coming
[14:52] {Threei} 1810 break will launch it
[14:55] {dptl} laser gonna restart again
[14:56] {laserdave1} to ensure proper data they need to restart laser again
[14:56] {laserdave1} they are upgrading the server tonight
[14:56] {Threei} 14:56:18 ADMIN7 --} (All): This is an emergency issue, we are upgrading the server tonight, should not happen tomorrow.
[15:00] {Threei} here we go NQ
[15:04] {Threei} out LEH +.15
[15:05] {hawkfan4} nice, out +14
[15:05] {Threei} :)
[15:07] {Threei} jeez WB
[15:09] {Threei} this is one wierd market today
[15:09] {Threei} I believe we handled it very well
[15:10] {Threei} found a few good ones, avoided getting trapped into sudden changes
[15:10] {Threei} just one rinse
[15:10] {Threei} but heck... to be rinsed by LEH is like medal of honor
[15:10] {hawkfan4} very wierd day, herky jerky
[15:12] {Threei} let's sit out this up/donw jerkiness
[15:13] {Threei} LEH stabilized, oil is not impacting the day right now anymore,
[15:13] {Threei} WB is the only active spot
[15:14] {Threei} and we have WM reporting after close, right?
[15:14] {Threei} good enough reason not to touch WB right now
[15:15] {hawkfan4} yes, WM after close today
[15:25] {Threei} WB is likely to pullback hard now
[15:25] {Threei} which should provide bounce for a scalp
[15:26] {Threei} 15.5 - 15.7 area will get me interested
[15:26] {Threei} 15 will get me excited
[15:26] {Threei} 14 - delighted... 13 - depressed
[15:26] {Threei} just like this market
[15:28] {Threei} no pullback... oh well
[15:31] {peterg} short WB?
[15:31] {Threei} I don't think you can
[15:31] {Threei} test it by 100 shares at 17
[15:31] {peterg} Doesn't it itch to lose some weight?
[15:31] {Threei} I am sure you will get "not available"
[15:32] {Threei} it's one of financials put on "speacial no short" list
[15:32] {peterg} 200 at 16.05
[15:32] {Threei} why that low?
[15:32] {Threei} test is done away from market
[15:33] {Threei} stock pulled bacxxk about 70 cents, it's a lot of chasing
[15:35] {peterg} caved and bailed, throwing money to the winds
[15:35] {peterg} now it works
[15:35] {peterg} maybe
[15:35] {Threei} why not wait for bounce to short?
[15:36] {peterg} when bounce"
[15:36] {peterg} ?
[15:36] {Threei} closest resistance is 16.20 area now
[15:38] {Threei} WB is available
[15:38] {Threei} strange
[15:39] {Threei} watching for market turn to short
[15:39] {Threei} too spikey...
[15:43] {Threei} OK, short half lot
[15:43] {Threei} .65 stop
[15:43] {Threei} no worky
[15:45] {Threei} quite an amazing recovery in the market and financials
[15:45] {Threei} second try
[15:46] {Threei} got .72
[15:47] {Threei} out .45
[15:47] {Threei} got that stop back
[15:47] {peterg} you got WB at .72?
[15:47] {Threei} and covered at .45
[15:47] {peterg} masterful
[15:47] {peterg} envy
[15:48] {Threei} this is "multipe try" kind of trade
[15:48] {Threei} keep it to half lot and keep stops tight
[15:48] {peterg} disincentive on my platform is fixed price commissioin
[15:48] {Threei} if not so close to end of day, would try to hold for more drop
[15:48] {Threei} but with 10 min left, just satisfied with getting back first stop
[15:49] {Threei} yikes
[15:49] {Threei} per share price is the way to go unless you are trading 10-20K lots
[15:49] {peterg} working on it
[15:49] {Threei} gives you flexibiltiy to vary size
[15:49] {dino} think i'm calling it a day cov. skyw for sm loss. thanks all
[15:49] {Threei} to partial out
[15:49] {Threei} OK guys, quite a day
[15:49] {Threei} let's get some rest
[15:49] {dptl} have a good evening all :)
[15:50] {Threei} thank you all, havce a great evening
[15:50] {peterg} Im getting it see all later
[15:50] {hawkfan4} good idea, bye all, thx
[15:50] {Threei} see you tomorrow
[15:50] {Threei} for another session of therapy for maniak-depressive market
[15:51] {fernp} see you tomorrow
[15:52] {judijim} be back tomorrow, take care everyone
[08:54] {peterg} gm--I am out of computer hell, where competing security systems fought each other to a standstill on my platform. Ugly business.
[08:54] {peterg} Memo: one at a time, one at a time.....
[08:54] {Threei} good morning
[08:55] {Threei} Norton fighting Kaspersky for the right to kill Adaware... that must be some spectacle
[08:56] {peterg} iI could follow us and get mail, but nothing else.
[08:57] {dptl} good morning all
[08:57] {Threei} dp :)
[08:57] {kazaam} gm
[08:58] {Threei} kaz :)
[09:00] {Threei} financials continue rocking the market
[09:00] {Threei} SNDK ugly hit
[09:04] {GeoArb} gm
[09:04] {Threei} Geo :)
[09:11] {Threei} US TREASURY SEC PAULSON SAYS WE WILL ALWAYS HAVE BANK FAILURES, BUT DO NOT SECOND GUESS REGULATORS
[09:11] {Threei} - Adds that it is important that regulators anticipate problems
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {pita} gm all
[09:12] {Threei} pita :)
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:20] {fernp} Good morning all
[09:22] {Threei} fern :)
[09:22] {esemde} good morning.......
[09:22] {Threei} ese!
[09:22] {Threei} how's vacation going?
[09:22] {esemde} I'm back!....bitten to death...but i'm back
[09:23] {cosmo} SNDK
[09:23] {cosmo} tests
[09:23] {esemde} relaxing Vad...
[09:23] {esemde} will take me a few days to get into the swing of things here though..
[09:24] {esemde} hows the market been......earnings season?? anything out of the ordinary
[09:25] {Threei} very active
[09:25] {Threei} maniak-depressive
[09:25] {esemde} interesting...for the middle of summer?
[09:25] {Threei} yes
[09:25] {Threei} extreme optimism to totall depression and back, all within one day
[09:26] {esemde} how so?
[09:26] {cosmo} two poles
[09:28] {Threei} I guess I'll skip first few minutes to let the dust settle a litle
[09:28] {Threei} too many news shocks overnight
[09:28] {Threei} BAC, WB, V, AXP, SNDK
[09:28] {Threei} and none of them good
[09:29] {cosmo} SNDK needs to hold 14.25
[09:29] {cosmo} imho
[09:29] {Threei} FNM .50 break maybe
[09:30] {Threei} uhhu
[09:30] {Threei} lol
[09:32] {kazaam} i think you mean short at touch of 50 right? hehe
[09:32] {Threei} ok, worth a try for bounce soon FNM
[09:33] {Threei} FED'S PLOSSER: HOUSING STRUGGLES ARE SPECIFIC TO CERTAIN GEOGRAPHICAL AREAS, MONETARY POLICY CURRENTLY 'BETWEEN A ROCK AND A HARD PLACE' - Q&A
[09:33] {Threei} - Adds that it will take some time for inrerest rate cuts to move through the economy
[09:33] {Threei} - Policy has to focus on the 2009 economy outlook
[09:33] {Threei} - Action is need to address high inflation
[09:33] {Threei} 12 break
[09:33] {Threei} late?
[09:34] {tomg} in at 12.00 out at 12.60, ty vad
[09:34] {Threei} welcome, good job
[09:35] {tomg} only got 100, but happy :)
[09:40] {cosmo} BRCD 6.60 hod
[09:41] {cosmo} testing
[09:41] {cosmo} healer
[09:42] {cosmo} i think...
[09:43] {esemde} SVNT going nuts
[09:44] {Threei} no news
[09:44] {esemde} non that I can see
[09:45] {esemde} Vad do you see that as being less reliable?
[09:45] {Threei} ?
[09:45] {esemde} can't predict the momentum....
[09:46] {esemde} without news that is
[09:46] {Threei} not really... can be both ways
[09:47] {Threei} SNDK selling accelerates
[09:47] {esemde} hmmmmm has price target up 30 and possible buy out candidate.....SVNT
[09:48] {Threei} .51 I'd try long
[09:48] {Threei} if stays above .40
[09:48] {Threei} better yet above .45
[09:49] {esemde} BMRN also...bio tech....anyone have news on Bio Tech sector?
[09:50] {Threei} hmmm... market spike but what's following it?
[09:52] {dino} sm l de .01, stop lod
[09:52] {Threei} NNBR
[09:52] {Threei} 15 break long
[09:53] {esemde} now thats what i've missed....seeing dino in action....thing of beauty!!!
[09:53] {Threei} half lot NNBR
[09:53] {dino} lol es
[09:54] {dino} pcln blood
[09:55] {dino} pcln sm l .80 risky
[09:56] {kazaam} vad, on thin stock like nnbr is it better to get in before break?
[09:57] {esemde} NDX moving higher....early morning sell-off...finish the day strong????? any takers on that hteory
[09:57] {esemde} theory
[09:58] {dino} i think you are correct
[09:58] {dino} time will tell
[09:59] {esemde} looking at charts right now......gotta wonder whether markets have been severely sold at this point...
[10:00] {dino} pcln stopped
[10:00] {Threei} LEH
[10:00] {Threei} 18 break long if stays above .85
[10:02] {esemde} did you take it Vad? by the time i cued into it ...it was gone
[10:02] {Threei} yes
[10:02] {Threei} JULY RICHMOND FED MANUFACTURING INDEX: -16 V -9E
[10:02] {Threei} yikes
[10:04] {pita} LEH rinsed
[10:04] {dino} smaller shares, last try pcln l .00
[10:05] {Threei} oil drop supports market
[10:05] {Threei} looks like we are going with reverse logic now
[10:05] {Threei} bad news for the economy - oil drop - market up
[10:06] {Threei} that wasn't nice of LEH
[10:06] {pita} painful
[10:06] {dino} oih collapse
[10:07] {dino} out pcln .00, +1.00
[10:09] {Threei} FED'S PLOSSER REMARKS THAT THE CREDIT FACILITIES FROM THE FED ARE NOT INFLATIONARY, AND PRICE EXPECTATIONS ARE SHAKY YET STABLE
[10:09] {Threei} will they ever shut up?
[10:09] {dino} i was thinking the same thing
[10:10] {esemde} Not inflationary!!!!! NOT INFLATIONARY!!!!! ya print more moeny you get inflation!!!!!! what the???
[10:10] {hawkfan4} me too
[10:10] {dino} salvation through inflation is the theme
[10:10] {kazaam} well if its not inflationary they should just print some money and send it to us
[10:11] {dino} i want my losses re-imbursed
[10:12] {dino} :)
[10:12] {esemde} good one dino....
[10:13] {Threei} CEO: WACHOVIA IS 'ON STRONG FOOTING', HAVE 'DONE OUR BEST TO BE MORE CAUTIOUS' - CONF CALL
[10:13] {cosmo} strong, but shaky ...
[10:18] {kazaam} is nnbr still in play?
[10:18] {Threei} yes, as long as holding above .85
[10:19] {Threei} C
[10:19] {Threei} UPDATE: GOLDMAN SACHS ANALYST SEES FY08 EPS AT -$1.10 V -$1.20 PRIOR VIEW, FY09 AT $2.10 V $2.40 PRIOR
[10:20] {esemde} Vad ...on your trade the news site....is there anything on SVNT
[10:20] {esemde} been interesting watching it...
[10:20] {Threei} nope
[10:20] {esemde} tks
[10:24] {dino} fwlt sm l .50 stop lod
[10:24] {dino} grmn acting up again
[10:30] {Threei} with oil dropping, I'd expect ROYL to pick up some strength
[10:31] {Threei} no sign of it so far, but worth keeping eye on
[10:35] {Threei} I have troubles finding stocks that follow market today
[10:35] {Threei} it's like NQ moves by itself
[10:35] {Threei} MAY HOUSE PRICE INDEX: -0.3% V -0.8%E
[10:36] {dino} yeah, i've been telling magoo the indexes don't match what's happening
[10:37] {Threei} IMF'S LIPSKY: DETERIORATION IN INFLATION EXPECTATIONS ARE POTENTIALLY A SERIOUS GLOBAL RISK
[10:37] {Threei} DETERIORATION IN INFLATION EXPECTATION - Lipsky's good...
[10:43] {Threei} SNDK quieted down
[10:43] {cosmo} BRCD holds 6.80
[10:43] {cosmo} so far
[10:43] {Threei} .25 long if stays above .15
[10:44] {dino} .
[10:45] {cosmo} good point
[10:45] {Threei} fine point I'd say
[10:46] {dino} got knocked out of cyber, thought whole system was down
[10:47] {GeoArb} cruise companies seem to be killing it
[10:47] {dino} wow xto, great report, take it down. they trade like the commodity anymore
[10:48] {dino} i guess if oil goes to 100, xto goes to 1
[10:50] {Threei} out SNDK
[10:50] {Threei} +.25
[10:50] {tomg} wtg vad, beaut :)
[10:50] {Threei} :)
[10:52] {dino} amzn sm l .50 stop .13
[10:54] {cosmo} BRCD hod = 7.05 fyi
[10:55] {dino} amzn stopped -.37 that was quick
[10:55] {Chaeron} Good morning all
[10:56] {Threei} Chaeron :)
[10:57] {Threei} WB
[10:57] {Threei} NOT LOOKING TO ISSUE STOCK AS MEANS FOR RAISING CAPITAL
[10:59] {dino} yeah, right
[10:59] {Threei} WSJ: FORD WILL CONVERT 3 TRUCK PLANTS TO MAKE CARS - UNCONFIRMED REPORT
[11:09] {esemde} long ZION 26.40 half lot
[11:11] {esemde} stop 26.10
[11:18] {Threei} NNBR over 1:1 solidly
[11:19] {Threei} hard to tell whether it has more in it
[11:19] {pita} took .20 of ZION ese ty
[11:20] {Threei} nice one ZION
[11:20] {Threei} no takers on NNBR?
[11:20] {Threei} and no one but tom went for SNDK?
[11:20] {Threei} sheesh, just showering you guys with winning trades only to be ignored
06[11:21] * Threei removes himself to remote Tibet monastery for three years of highly focused navel-gazing
[11:22] {esemde} GJ pita...gonna hng in there a little longer
[11:22] {pita} worth holding
[11:22] {esemde} see if it can punch through 27
[11:22] {Threei} UAUA
[11:22] {Threei} REACHES AGREEMENT IN PRINCIPLE TO ENHANCE LIQUIDITY BY APPROXIMATELY $1.2B
[11:22] {Threei} - Announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. and Paymentech, one of its credit card processors, to extend the term of their respective agreements.
[11:22] {Threei} - United will receive a payment of $600M from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200M in the next two years.
[11:23] {esemde} if i get any resistance at 27 i'm outta there
[11:23] {Threei} missed news...
[11:24] {esemde} out ZION .85 +.45
[11:24] {esemde} sewer guys are here to do my drains
[11:25] {esemde} can't monitor it
[11:25] {esemde} i'll take .45
[11:25] {peterg} nice trade & good to have freshened sewers.
[11:26] {esemde} ya ...i'll say...
[11:26] {esemde} only 1 inch opening....pretty much blocked
[11:26] {esemde} could be tense around here for a couple of hours
[11:27] {laserdave1} hey guys just so you know
[11:27] {esemde} see you all a little later
[11:27] {laserdave1} laser will be going down for about 2 minutes
[11:27] {Threei} take care ese
[11:27] {laserdave1} will go down in about 10 minutes from now
[11:27] {laserdave1} it will go down for about 1 minute
[11:34] {Threei} sheesh UAUA
[11:36] {dptl} yeah....i grabbed lcc with it but only for 10c
[11:37] {laserdave1} ok laser back
[11:37] {laserdave1} log in guys
[11:38] {Threei} in
[11:38] {dptl} in
[11:40] {Chaeron} x
[11:46] {dptl} spr?
[11:50] {Threei} not sure
[11:50] {Threei} but getting interested in UAUA for bounce
[11:51] {dptl} ok ty
[11:51] {hawkfan4} took .20 on NNBR on the bounce, thx vad
[11:52] {Threei} :)
[11:52] {laserdave1} Chaeron dcc please
[12:06] {pita} later everyone
[12:07] {Threei} take care pita
[12:27] {Chaeron} .
[12:31] {Threei} WB, will get interested if drops to 13.5 at least
[12:34] {Threei} CSIQ sharp drop
[12:37] {dptl} qlgc?
[12:38] {Threei} I wouldn't
[12:38] {Threei} thick, slow
[12:38] {Threei} not what you want in lunch time
[12:38] {dptl} ok ty
[12:45] {Threei} market confused itself with all the morning jumps, decided to sit quietly and ponder next move
[12:46] {Threei} wow CSIQ
[12:47] {Threei} feels like quick drop to 28 or just under should provide bounce
[12:53] {Threei} too optimistic
[12:59] {Threei} UAUA .50 break for a scalp if holding above .35
[13:05] {dino} xmsr
[13:06] {dino} no merger
[13:08] {Threei} WSJ: 1 FCC MEMBER VOTES AGAINST MERGER WITH SIRI, VOTE NOW STANDS AS 2-1
[13:08] {Threei} - Note two members have yet to vote
[13:09] {dino} ahh
[13:21] {dino} out ma 270.75, +2.50 yesterday
[13:22] {hawkfan4} sweet
[13:22] {dino} lucky, gapped down hard off of amex
[13:37] {kazaam} wow, that is some disciplined sideways action
[13:39] {Threei} very much so
[13:43] {dino} sm l cetv .65, stop .29
[14:07] {Threei} 7.49 short scalp trigger for UAUA
[14:07] {Threei} if stays under .60
[14:13] {dptl} covered .38 uaua ty
[14:14] {Threei} :)
[14:14] {jmb} thanks Vad
[14:14] {Threei} welcome
[14:15] {Threei} just when everyone though I was in that monastery already eh?
[14:16] {Threei} CSIQ one more quick drop is coming
[14:17] {Threei} happened while I was typing actually, lol
[14:21] {Threei} absense of shorts on financials is inconvinient
[14:21] {Threei} look at 1 min FNM
[14:21] {Threei} was clean short setup at .50 break
[14:23] {hawkfan4} was pretty
[14:23] {Threei} if I were them, I'd do this ban differently
[14:24] {Threei} short to your heart content as long as you cover within same day
[14:24] {Threei} would bring net neutral result on day to day basis, and would provide a lot more liquidity
[14:25] {Threei} esentially stabilizing the price, and as a bonus providing serious fuel for upward move in case of good news
[14:25] {Chaeron} hmmm... Vad angling for head of SEC
[14:25] {Threei} I am more effective in a "behind the curtain consultant" role
[14:26] {Chaeron} as long as they pay you well
[14:26] {Threei} well?
[14:26] {Threei} nope
[14:26] {Threei} very well
[14:26] {Threei} that may do it
[14:27] {Chaeron} :)
[14:37] {Threei} watch USO and UAUA
[14:37] {Threei} now hat UAUA bounced back into resiatance .50, USO tuern up will send it back down
[14:38] {Threei} can't call it as a trigger since it's more of relation than exact numbers
[14:38] {Threei} so if you understand the idea of a trade, try to find it
[14:38] {Threei} if not, ask
[14:38] {Threei} and I will do my best to pretend I understand what I just said
[14:39] {dptl} lol
[14:40] {dino} oh ohh, forgot order, s sm skyw .65
[14:40] {dino} stop hod
[14:43] {Threei} accordingly... IF USO drops, .51 will become UAUA long trigger
[14:43] {Threei} ummm... a bit late
[14:45] {dino} out cetv .65, +1.00
[14:46] {Threei} beauty
[14:46] {dino} ty
[14:46] {Threei} don't tell magoo I called you that
[14:46] {Chaeron} jealous?
[14:47] {Threei} I don't want to find out
[14:47] {dino} lol
[14:47] {hawkfan4} lol
[14:48] {Threei} watch LEH here
[14:48] {Threei} if NQ spikes sharply through 1810 LEH will jump too
[14:49] {Threei} it often gives little delay for entry when market makes sharp move
[14:49] {Threei} quite scalpable
[14:50] {Threei} feels like market spike is coming
[14:52] {Threei} 1810 break will launch it
[14:55] {dptl} laser gonna restart again
[14:56] {laserdave1} to ensure proper data they need to restart laser again
[14:56] {laserdave1} they are upgrading the server tonight
[14:56] {Threei} 14:56:18 ADMIN7 --} (All): This is an emergency issue, we are upgrading the server tonight, should not happen tomorrow.
[15:00] {Threei} here we go NQ
[15:04] {Threei} out LEH +.15
[15:05] {hawkfan4} nice, out +14
[15:05] {Threei} :)
[15:07] {Threei} jeez WB
[15:09] {Threei} this is one wierd market today
[15:09] {Threei} I believe we handled it very well
[15:10] {Threei} found a few good ones, avoided getting trapped into sudden changes
[15:10] {Threei} just one rinse
[15:10] {Threei} but heck... to be rinsed by LEH is like medal of honor
[15:10] {hawkfan4} very wierd day, herky jerky
[15:12] {Threei} let's sit out this up/donw jerkiness
[15:13] {Threei} LEH stabilized, oil is not impacting the day right now anymore,
[15:13] {Threei} WB is the only active spot
[15:14] {Threei} and we have WM reporting after close, right?
[15:14] {Threei} good enough reason not to touch WB right now
[15:15] {hawkfan4} yes, WM after close today
[15:25] {Threei} WB is likely to pullback hard now
[15:25] {Threei} which should provide bounce for a scalp
[15:26] {Threei} 15.5 - 15.7 area will get me interested
[15:26] {Threei} 15 will get me excited
[15:26] {Threei} 14 - delighted... 13 - depressed
[15:26] {Threei} just like this market
[15:28] {Threei} no pullback... oh well
[15:31] {peterg} short WB?
[15:31] {Threei} I don't think you can
[15:31] {Threei} test it by 100 shares at 17
[15:31] {peterg} Doesn't it itch to lose some weight?
[15:31] {Threei} I am sure you will get "not available"
[15:32] {Threei} it's one of financials put on "speacial no short" list
[15:32] {peterg} 200 at 16.05
[15:32] {Threei} why that low?
[15:32] {Threei} test is done away from market
[15:33] {Threei} stock pulled bacxxk about 70 cents, it's a lot of chasing
[15:35] {peterg} caved and bailed, throwing money to the winds
[15:35] {peterg} now it works
[15:35] {peterg} maybe
[15:35] {Threei} why not wait for bounce to short?
[15:36] {peterg} when bounce"
[15:36] {peterg} ?
[15:36] {Threei} closest resistance is 16.20 area now
[15:38] {Threei} WB is available
[15:38] {Threei} strange
[15:39] {Threei} watching for market turn to short
[15:39] {Threei} too spikey...
[15:43] {Threei} OK, short half lot
[15:43] {Threei} .65 stop
[15:43] {Threei} no worky
[15:45] {Threei} quite an amazing recovery in the market and financials
[15:45] {Threei} second try
[15:46] {Threei} got .72
[15:47] {Threei} out .45
[15:47] {Threei} got that stop back
[15:47] {peterg} you got WB at .72?
[15:47] {Threei} and covered at .45
[15:47] {peterg} masterful
[15:47] {peterg} envy
[15:48] {Threei} this is "multipe try" kind of trade
[15:48] {Threei} keep it to half lot and keep stops tight
[15:48] {peterg} disincentive on my platform is fixed price commissioin
[15:48] {Threei} if not so close to end of day, would try to hold for more drop
[15:48] {Threei} but with 10 min left, just satisfied with getting back first stop
[15:49] {Threei} yikes
[15:49] {Threei} per share price is the way to go unless you are trading 10-20K lots
[15:49] {peterg} working on it
[15:49] {Threei} gives you flexibiltiy to vary size
[15:49] {dino} think i'm calling it a day cov. skyw for sm loss. thanks all
[15:49] {Threei} to partial out
[15:49] {Threei} OK guys, quite a day
[15:49] {Threei} let's get some rest
[15:49] {dptl} have a good evening all :)
[15:50] {Threei} thank you all, havce a great evening
[15:50] {peterg} Im getting it see all later
[15:50] {hawkfan4} good idea, bye all, thx
[15:50] {Threei} see you tomorrow
[15:50] {Threei} for another session of therapy for maniak-depressive market
[15:51] {fernp} see you tomorrow
[15:52] {judijim} be back tomorrow, take care everyone
Monday, July 21, 2008
Jul 21 2008
Session Time: Mon Jul 21 00:00:01 2008
[08:36] {Threei} Good morning
[08:36] {Threei} looks like all is well in da world today
[08:36] {Threei} everything' gapping up merrily
[08:37] {hawkfan4} good morning
[08:37] {Threei} hawk :)
[08:41] {Threei} should overall and financial rally continue, LEH becomes a long at 20.20
[08:51] {brian3579} gm all
[08:51] {Threei} brian :)
[08:54] {judijim} hello and good morning
[08:55] {Threei} jj :)
[08:56] {dptl} good morning all
[08:56] {Threei} dp :)
[09:07] {Threei} FNM forming support at 14.80
[09:08] {GeoArb} gm
[09:08] {Threei} Geo :)
[09:10] {pita} gm everyone
[09:11] {Threei} pita :)
[09:14] {Threei} watching FNM, if big offer at .98 gets taken, worth a half lot pre-market try
[09:19] {fernp} Good morning all
[09:19] {Threei} fern :)
[09:26] {dino} gm all
[09:26] {Threei} dino :)
[09:26] {Threei} 10 is interesting level for FRE
[09:27] {Threei} significant support in the past, turned into important resistance later on,
[09:27] {Threei} if can hold today siglas a lot of strength for further rally
[09:27] {Threei} signals
[09:29] {Threei} if you took FNM, feel free to grab "warm-up scalp"
[09:31] {Threei} FRE .21 long, stop under 10
[09:32] {Threei} fast swing to 1:1 and back
[09:33] {Threei} FNM is considerably stronegr
[09:36] {Threei} FNM .56 half lot long if not losing .40 anymore
[09:38] {Threei} over 1:1
[09:39] {Threei} touched under .40 briefly, hard to tell whether it was invalidation or just a fluke... kinf of discretionary
[09:39] {dino} out nue from friday late, +1.22
[09:39] {Threei} if you took it, get out here
[09:39] {kazaam} leh broke 20.20
[09:39] {Threei} dino :)
[09:39] {dino} i know, don't swing
[09:39] {Threei} LEH went too deep on pullback for my taste...
[09:40] {Threei} but with FNM continuing , probably worth a try
[09:40] {Threei} sheesh FNM
[09:41] {Threei} BAC
[09:41] {Threei} CEO: DOES NOT SEE US ECONOMY SLIDING INTO A NEGATIVE GROWTH SCENARIO FOR A LONG DURATION OF TIME, CFC ACQUISITION ON TRACK, ADDING TO PROFITS - CONF CALL
[09:41] {Threei} - Merger costs still seen at $1.2B
[09:41] {Threei} - Notes thet their credit losses are still rising, will deteriorate through 2008, yet most of the businesses are performing well
[09:43] {Threei} half out LEH who went for it
[09:43] {Threei} scalpers know what to do
[09:43] {Threei} 1:2
[09:43] {dino} artc
[09:44] {hawkfan4} 1/2 out leh + .55, thx vad
[09:44] {Threei} welcome :)
[09:44] {dino} gj
[09:45] {Threei} pullnack time is coming for LEH
[09:45] {Threei} I'd be out here
[09:45] {hawkfan4} out
[09:45] {dino} chic
[09:46] {Threei} this endless string of green bars is scary looking
[09:46] {Threei} when it ends, it derops so violently, beter be out before that
[09:46] {Threei} "sell when you can, not when you have to"
[09:46] {Threei} look at that
[09:47] {Threei} over 50 cents drop in one gasp
[09:47] {Threei} aren't you glad to give up last 5 cents and guard yourself against this
[09:47] {hawkfan4} you bet
[09:48] {Threei} reentry time is coming
[09:48] {Threei} ugh, late
[09:48] {Threei} don't chase
[09:49] {kazaam} possible BAC wedge
[09:50] {Threei} somewhat listless chart... can't tell on BAC, sorry
[09:50] {Threei} ok FNM, it's officially putting my exit call into "what was I thinking" category
[09:57] {Threei} MYGN
[09:58] {Threei} 61 break long half lot
[09:58] {Threei} stop under 60.80
[09:59] {Threei} WHITE HOUSE: EXPECTS MOVEMENT ON THE HOUSING BILL BY WEEK'S END
[10:00] {Threei} JUNE LEADING INDICATORS: -0.1% V -0.1%E
[10:02] {Threei} MYGN is not a scalp for me but manage your trade according to your trading plan
[10:05] {Threei} SGLP
[10:05] {Threei} UPDATE: PRICE TARGET LOWERED TO $10 FROM $38 AT RBC CAPITAL; MAINTAINS SECTOR PERFORM RATING
[10:05] {Threei} - pre-open
[10:06] {Threei} market looks wierd
[10:07] {Threei} non-scalping part no go MYGN
[10:11] {dino} aste
[10:13] {peterg} gm--connect chatline but dead for stox..grrrrr
[10:14] {Threei} morning peter
[10:16] {Threei} BRKS
[10:16] {Threei} .84 - .85 long if stays above .75
[10:21] {kazaam} everybody went to sleep kinda early this morning
[10:21] {Threei} you assume someone actually ever woke up
[10:21] {Threei} that's not a given
[10:21] {kazaam} ahhh, mistake number one
[10:22] {dino} sm l aste .92, stop .59
[10:24] {dino} etm s .92 stop hod
[10:24] {GeoArb} i need stronger coffee... riding BRL slow....
[10:25] {Threei} BRKS invalidated
[10:33] {dino} v sm artc l .80
[10:33] {dino} wide
[10:34] {dino} nope, stopped
[10:38] {Threei} getting interested in FNM again
[10:39] {Threei} worth a try as close to .50 as possible, can take a few attempts
[10:41] {Threei} ALTH
[10:41] {Threei} .50 break long
[10:41] {Threei} aww
[10:41] {kazaam} darn, was waiting for it to hit .62
[10:41] {Threei} too fast
[10:41] {Threei} see if gives pullback
[10:42] {Threei} anyone found FNM entry?
[10:44] {hawkfan4} missed it
[10:44] {fernp} no. too fast
[10:48] {kazaam} vad, any read on SII?
[10:48] {Threei} 85 is obvious support
[10:48] {Threei} worth a try off it
[10:48] {Threei} just a bit too volatile to rely on exact numbers,
[10:48] {Threei} gotta o with fuzzy "areas"
[10:49] {Threei} WB
[10:49] {Threei} .51 long if stays above .35
[10:50] {Threei} wierd spikes NQ
[10:51] {Threei} SGLP... no more bankruptsy or what
[10:52] {Chaeron} Good morning all
[10:52] {Threei} chaeron :)
[10:54] {Threei} anyone took ALTH on pullback to .50?
[10:56] {dino} mancehester securities and alerian capital assume control of sglp
[10:56] {Threei} I wish I understood what that means :)
[11:03] {Threei} ALTH is pregnant with runner status
[11:04] {Threei} not for chasing here though
[11:05] {Threei} how did I miss CLNE 13 break
[11:06] {kazaam} BRL breakout?
[11:06] {kazaam} oh, i guess i missed it
[11:06] {Threei} Geo is in it from earlier
[11:07] {Threei} I think from way earlier
[11:07] {Threei} 64 or so?
[11:08] {Threei} LEH half lot long 20.03
[11:08] {Threei} stop under .90
[11:09] {Threei} .80 is better pronounced support but I would like to keep it to scalping mostly at this point
[11:10] {GeoArb} sitting in it from .30.... in and out of office
[11:11] {Threei} grrrr MYGN
[11:11] {Threei} rinsed
[11:14] {Threei} OSTK small shares short .55
[11:14] {Threei} if stays under .75
[11:17] {Threei} feel free to cover as yuou see fit
[11:22] {fernp} excelent Vad. TY
[11:23] {Threei} :)
[11:23] {Threei} power of momentum is amazing... it's down so much over last days and still drops
[11:24] {Threei} FNM... time to try it again, may take multiple attempts
[11:24] {Threei} .75 with stop under .60 first try
[11:26] {Threei} if stopped next support is .50
[11:26] {Threei} sheesh OSTK
[11:26] {Threei} anyone had mor patience than I did?
[11:27] {kazaam} wish i got in, took a bathroom break and missed LVS as well
[11:27] {GeoArb} too much info
[11:27] {Threei} lol
[11:28] {kazaam} hehe
[11:28] {GeoArb} long enuff break to miss not one but 2 plays !!!!!!!!!!!!!!
[11:28] {GeoArb} :)
[11:30] {Threei} ah come on FNM, isn't $3 pullback from high deserving an entry?
[11:30] {Threei} apparently not
[11:34] {pita} later everyone
[11:35] {Threei} take care pita
[11:35] {dino} aste stop to .32
[11:35] {dino} etm bstop to b/e
[11:39] {Threei} LEH bounce time very soon
[11:40] {Threei} hard to pin;point exact entry
[11:40] {Threei} if you get a feel for it, great
[11:40] {Threei} if not, stay away
[11:40] {dino} out aste .63 +.71
[11:40] {Threei} wtg
[11:40] {dino} ty
[11:41] {dino} took awhile, but hey
[11:41] {dino} etm to .72
[11:46] {dino} etm stopped/cov .73 +.19
[11:57] {Threei} if FNM goes as low as 15 I will buy without second thought
[11:57] {Threei} (I think)
06[11:58] * Threei slaps laserdave1 around a bit with a large trout
06[11:58] * Chaeron slaps laserdave1 around a bit with a large trout
[12:00] {dino} ma gap fill
[12:01] {Threei} one more leg down probably, for both market and FNM, and bounce should develop
[12:04] {Threei} in FNM{ try #1
[12:04] {Threei} stop 0.09
[12:07] {dino} v sm l ma .25 risky, v wide
[12:09] {Threei} ok market, enough games... time to move
[12:11] {Threei} FNM needs to sell under 15
[12:11] {Threei} will be impossible to call in time
[12:12] {Threei} same thing as before - if you get a read on it, go for it
[12:12] {Threei} if not, stay on a sideline
[12:27] {kazaam} what a mess
[12:27] {Threei} Monday... hangover...
[12:28] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[12:28] {dino} grmn
[12:30] {Threei} don't see any news for this spike
[12:30] {dino} me niether
[12:33] {Threei} anyone got FNM?
[12:33] {hawkfan4} .93
[12:33] {Threei} beauty... wtg
[12:35] {hawkfan4} out +.47, thx. rather buy it back than watch it teleport do 15 again
[12:36] {dino} gj
[12:37] {hawkfan4} thx dino
[12:39] {dino} :)
[12:45] {dptl} mdco?
[12:45] {Threei} why not
[12:45] {Threei} chart's right, market is moving
[12:46] {dptl} l .21
[12:46] {dptl} stop under .06?
[12:47] {Threei} or under 21
[12:47] {Threei} both make sense
[12:47] {dptl} ok ty
[13:02] {dptl} sun?
[13:03] {Threei} ywes, not a cloud here
[13:04] {dptl} .40 break with stop under .20
[13:04] {Threei} .40 if holding above .25, IMO
[13:04] {dptl} ok ty
[13:04] {Threei} lunch time... things are less eactive
[13:06] {Chaeron} Ben Franklin summed it up well. In times of stress, the three best things to have are an old dog, an old wife and ready money. How right he was.
[13:07] {Chaeron} ooops sorry
[13:07] {Threei} why then do all those people with ready money leave old dog to old wife and go for new wife
[13:08] {Chaeron} lol
[13:08] {GeoArb} lol
[13:08] {Chaeron} fools
[13:08] {dptl} mir?
[13:08] {GeoArb} thats in times of less stress
[13:08] {Threei} MIR intraday looks nice, but there is .81 resistance from yesterday, very close
[13:09] {dptl} yes.
[13:11] {dptl} grabbed 10c mir
[13:11] {Threei} went through both
[13:11] {Threei} nice one
[13:11] {dptl} offering .37 mdco
[13:12] {Threei} dptl, the lunch time money machine
[13:12] {dptl} :) trying
[13:14] {dptl} should i keep same stop on mdco?
[13:14] {Threei} it formed new support at .15
[13:14] {Threei} so, either .14 if you are strict
[13:14] {Threei} or .09 to pad it a bit
[13:14] {dptl} thats what i think
[13:16] {dptl} sun held.25
[13:18] {dptl} got .42 sun
[13:26] {dptl} out mdco +.16
[13:26] {Threei} :)
[13:27] {dptl} :) now if you can kick that sun:)
[13:29] {Threei} good enough?
[13:29] {dptl} lol a bit more may be or that will be pushing
[13:30] {Threei} it will... but I'll try... just for you
[13:31] {dptl} thanx Vad
[13:31] {dptl} offering .57
[13:37] {dptl} hmm..amazing ...nice kick Vad out .57 thx lol
[13:38] {Threei} welcome sir
[13:38] {Threei} just ask
[13:38] {dptl} :)
[13:50] {dptl} nrg?
[13:53] {Threei} .26 is obvious trigger but I don't see defined support for stop placement for now
[13:54] {dptl} sun again
[13:55] {dptl} yes same here can't find stop for nrg
[13:55] {Threei} see if COST forms double bottom
[13:55] {Threei} .91 would be long if holding above .70
[14:00] {dino} i was watching cost too
[14:01] {Threei} cool, let's name the thing for move to 70.50
[14:01] {dino} ok
[14:01] {Threei} name = nail
[14:04] {Threei} lost support in validating double bottom
[14:04] {Threei} invalifating
[14:04] {Threei} ok, whatever
[14:04] {GeoArb} lol
[14:09] {dino} i like it here w/stop at .48ish
[14:29] {dptl} sho
[14:31] {Threei} I'd expect FNM to try a run once again before day is over
[14:32] {Threei} OPEC PRESIDENT NOTES THAT THERE IS ADEQUATE EXTRA CAPACITY TO MEET AN INCREASE IN DEMAND
[14:32] {Threei} {USO}
[14:32] {Threei} I guess 15 break
[14:32] {Threei} and as usual... can take a few tries
[14:33] {Threei} don't touch it if not ready for that
[14:33] {Threei} oil spike weighs on market
[14:34] {dptl} l sho .06 stop .94
[14:36] {Threei} come on FNM
[14:36] {Threei} your day high is 3,5 dolars away for pete's sake
[14:36] {Threei} can't you try and make at least 1/7 of tat?
[14:36] {Threei} than
[14:37] {Threei} that
[14:37] {Threei} magoo would be proud of me
[14:37] {GeoArb} vad in that scanner setting..... FDG
[14:38] {Threei} nice one
[14:39] {dino} gj
[14:40] {GeoArb} i was down for the day ... got greedy....FDG made me flat
[14:40] {GeoArb} now i am going to sit in the corner
[14:41] {GeoArb} coal sector hot
[14:42] {dino} up here, but slow day
[14:43] {GeoArb} finally feels a litle like summer
[14:46] {Threei} WHITE HOUSE REPORTEDLY EXPECTS IRAN TO REJECT MOST RECENT NUCLEAR OFFER
[14:46] {Threei} - reminder: at the weekend meetings in Geneva, the six major powers set a 2 week deadline for Iran, or it will face further sanctions
[14:55] {GeoArb} vad.... UYG basing nicely at lows
[14:55] {GeoArb} any read?
[14:55] {GeoArb} oops
[14:59] {GeoArb} paid
[15:01] {GeoArb} anyone else take it?
[15:01] {GeoArb} or summer siesta? :)
[15:03] {GeoArb} .
[15:03] {GeoArb} am i logged in?
[15:04] {Chaeron} yes geo :)
[15:04] {Threei} I guess
[15:04] {patience} i think so
[15:04] {GeoArb} thanks
[15:04] {GeoArb} i guess i am just being ignored
[15:05] {Threei} well, look at it this way
[15:05] {GeoArb} oooooo
[15:05] {Threei} someone should take magoo's place for a week
[15:05] {GeoArb} es breaks low
[15:05] {patience} i miss magoo
[15:05] {Chaeron} me too... Vad... please edit this out :)
[15:06] {Threei} yeah right
[15:06] {Chaeron} just didn't want in writing LOL
[15:06] {GeoArb} sentiments sensntiments
[15:07] {Threei} I am more likely to add than edit out
[15:07] {dino} ohhh mannnnnnnnn, do not let him hear that
[15:08] {dino} and here i sit enjoying the quiet
[15:08] {GeoArb} anyone in anything interesting?
[15:08] {GeoArb} i asm still short uyg
[15:08] {dino} interesting no
[15:09] {dptl} stopped sho -.07...got to go.......have a good evening all:)
[15:09] {dino} u2 dp
[15:09] {Threei} take care dp
[15:15] {Threei} tough ending so far, don't see any more or less safe play
[15:15] {Threei} FNM break of .50 is asking to be bought
[15:15] {Threei} but not much worked on it since its retreat from highs
[15:16] {judijim} take care all, be back tomorrow
[15:16] {Threei} take care jj
[15:22] {peterg} ok, finally arrived after day of resolving computer issues; so whats up?
[15:22] {peterg} must make money in ten minutes
[15:22] {peterg} revenge trading
[15:22] {Threei} great way to lose some
[15:22] {peterg} I know; I'll wait til tomorrow; have no feel.
[15:27] {Threei} neither dio I
[15:28] {Threei} you know what... I think let's call it a day, market is confused and I don't want to do anything potentially hurtful
[15:28] {Threei} USO rally put a drag on market
[15:28] {Threei} and financial's strength disapeared
[15:29] {Threei} thank you all, have a great evening, see you tomorrow
[15:29] {hawkfan4} cya vad, thx
[15:30] {peterg} tomorrow
[15:30] {fernp} bye
[15:33] {peterg} laserdave, you there? CDCC
[15:45] {dino} cost stopped -.27
[15:59] {dino} ok calling it a day, take care all
[15:59] {dino} holding ma, v sm
[08:36] {Threei} Good morning
[08:36] {Threei} looks like all is well in da world today
[08:36] {Threei} everything' gapping up merrily
[08:37] {hawkfan4} good morning
[08:37] {Threei} hawk :)
[08:41] {Threei} should overall and financial rally continue, LEH becomes a long at 20.20
[08:51] {brian3579} gm all
[08:51] {Threei} brian :)
[08:54] {judijim} hello and good morning
[08:55] {Threei} jj :)
[08:56] {dptl} good morning all
[08:56] {Threei} dp :)
[09:07] {Threei} FNM forming support at 14.80
[09:08] {GeoArb} gm
[09:08] {Threei} Geo :)
[09:10] {pita} gm everyone
[09:11] {Threei} pita :)
[09:14] {Threei} watching FNM, if big offer at .98 gets taken, worth a half lot pre-market try
[09:19] {fernp} Good morning all
[09:19] {Threei} fern :)
[09:26] {dino} gm all
[09:26] {Threei} dino :)
[09:26] {Threei} 10 is interesting level for FRE
[09:27] {Threei} significant support in the past, turned into important resistance later on,
[09:27] {Threei} if can hold today siglas a lot of strength for further rally
[09:27] {Threei} signals
[09:29] {Threei} if you took FNM, feel free to grab "warm-up scalp"
[09:31] {Threei} FRE .21 long, stop under 10
[09:32] {Threei} fast swing to 1:1 and back
[09:33] {Threei} FNM is considerably stronegr
[09:36] {Threei} FNM .56 half lot long if not losing .40 anymore
[09:38] {Threei} over 1:1
[09:39] {Threei} touched under .40 briefly, hard to tell whether it was invalidation or just a fluke... kinf of discretionary
[09:39] {dino} out nue from friday late, +1.22
[09:39] {Threei} if you took it, get out here
[09:39] {kazaam} leh broke 20.20
[09:39] {Threei} dino :)
[09:39] {dino} i know, don't swing
[09:39] {Threei} LEH went too deep on pullback for my taste...
[09:40] {Threei} but with FNM continuing , probably worth a try
[09:40] {Threei} sheesh FNM
[09:41] {Threei} BAC
[09:41] {Threei} CEO: DOES NOT SEE US ECONOMY SLIDING INTO A NEGATIVE GROWTH SCENARIO FOR A LONG DURATION OF TIME, CFC ACQUISITION ON TRACK, ADDING TO PROFITS - CONF CALL
[09:41] {Threei} - Merger costs still seen at $1.2B
[09:41] {Threei} - Notes thet their credit losses are still rising, will deteriorate through 2008, yet most of the businesses are performing well
[09:43] {Threei} half out LEH who went for it
[09:43] {Threei} scalpers know what to do
[09:43] {Threei} 1:2
[09:43] {dino} artc
[09:44] {hawkfan4} 1/2 out leh + .55, thx vad
[09:44] {Threei} welcome :)
[09:44] {dino} gj
[09:45] {Threei} pullnack time is coming for LEH
[09:45] {Threei} I'd be out here
[09:45] {hawkfan4} out
[09:45] {dino} chic
[09:46] {Threei} this endless string of green bars is scary looking
[09:46] {Threei} when it ends, it derops so violently, beter be out before that
[09:46] {Threei} "sell when you can, not when you have to"
[09:46] {Threei} look at that
[09:47] {Threei} over 50 cents drop in one gasp
[09:47] {Threei} aren't you glad to give up last 5 cents and guard yourself against this
[09:47] {hawkfan4} you bet
[09:48] {Threei} reentry time is coming
[09:48] {Threei} ugh, late
[09:48] {Threei} don't chase
[09:49] {kazaam} possible BAC wedge
[09:50] {Threei} somewhat listless chart... can't tell on BAC, sorry
[09:50] {Threei} ok FNM, it's officially putting my exit call into "what was I thinking" category
[09:57] {Threei} MYGN
[09:58] {Threei} 61 break long half lot
[09:58] {Threei} stop under 60.80
[09:59] {Threei} WHITE HOUSE: EXPECTS MOVEMENT ON THE HOUSING BILL BY WEEK'S END
[10:00] {Threei} JUNE LEADING INDICATORS: -0.1% V -0.1%E
[10:02] {Threei} MYGN is not a scalp for me but manage your trade according to your trading plan
[10:05] {Threei} SGLP
[10:05] {Threei} UPDATE: PRICE TARGET LOWERED TO $10 FROM $38 AT RBC CAPITAL; MAINTAINS SECTOR PERFORM RATING
[10:05] {Threei} - pre-open
[10:06] {Threei} market looks wierd
[10:07] {Threei} non-scalping part no go MYGN
[10:11] {dino} aste
[10:13] {peterg} gm--connect chatline but dead for stox..grrrrr
[10:14] {Threei} morning peter
[10:16] {Threei} BRKS
[10:16] {Threei} .84 - .85 long if stays above .75
[10:21] {kazaam} everybody went to sleep kinda early this morning
[10:21] {Threei} you assume someone actually ever woke up
[10:21] {Threei} that's not a given
[10:21] {kazaam} ahhh, mistake number one
[10:22] {dino} sm l aste .92, stop .59
[10:24] {dino} etm s .92 stop hod
[10:24] {GeoArb} i need stronger coffee... riding BRL slow....
[10:25] {Threei} BRKS invalidated
[10:33] {dino} v sm artc l .80
[10:33] {dino} wide
[10:34] {dino} nope, stopped
[10:38] {Threei} getting interested in FNM again
[10:39] {Threei} worth a try as close to .50 as possible, can take a few attempts
[10:41] {Threei} ALTH
[10:41] {Threei} .50 break long
[10:41] {Threei} aww
[10:41] {kazaam} darn, was waiting for it to hit .62
[10:41] {Threei} too fast
[10:41] {Threei} see if gives pullback
[10:42] {Threei} anyone found FNM entry?
[10:44] {hawkfan4} missed it
[10:44] {fernp} no. too fast
[10:48] {kazaam} vad, any read on SII?
[10:48] {Threei} 85 is obvious support
[10:48] {Threei} worth a try off it
[10:48] {Threei} just a bit too volatile to rely on exact numbers,
[10:48] {Threei} gotta o with fuzzy "areas"
[10:49] {Threei} WB
[10:49] {Threei} .51 long if stays above .35
[10:50] {Threei} wierd spikes NQ
[10:51] {Threei} SGLP... no more bankruptsy or what
[10:52] {Chaeron} Good morning all
[10:52] {Threei} chaeron :)
[10:54] {Threei} anyone took ALTH on pullback to .50?
[10:56] {dino} mancehester securities and alerian capital assume control of sglp
[10:56] {Threei} I wish I understood what that means :)
[11:03] {Threei} ALTH is pregnant with runner status
[11:04] {Threei} not for chasing here though
[11:05] {Threei} how did I miss CLNE 13 break
[11:06] {kazaam} BRL breakout?
[11:06] {kazaam} oh, i guess i missed it
[11:06] {Threei} Geo is in it from earlier
[11:07] {Threei} I think from way earlier
[11:07] {Threei} 64 or so?
[11:08] {Threei} LEH half lot long 20.03
[11:08] {Threei} stop under .90
[11:09] {Threei} .80 is better pronounced support but I would like to keep it to scalping mostly at this point
[11:10] {GeoArb} sitting in it from .30.... in and out of office
[11:11] {Threei} grrrr MYGN
[11:11] {Threei} rinsed
[11:14] {Threei} OSTK small shares short .55
[11:14] {Threei} if stays under .75
[11:17] {Threei} feel free to cover as yuou see fit
[11:22] {fernp} excelent Vad. TY
[11:23] {Threei} :)
[11:23] {Threei} power of momentum is amazing... it's down so much over last days and still drops
[11:24] {Threei} FNM... time to try it again, may take multiple attempts
[11:24] {Threei} .75 with stop under .60 first try
[11:26] {Threei} if stopped next support is .50
[11:26] {Threei} sheesh OSTK
[11:26] {Threei} anyone had mor patience than I did?
[11:27] {kazaam} wish i got in, took a bathroom break and missed LVS as well
[11:27] {GeoArb} too much info
[11:27] {Threei} lol
[11:28] {kazaam} hehe
[11:28] {GeoArb} long enuff break to miss not one but 2 plays !!!!!!!!!!!!!!
[11:28] {GeoArb} :)
[11:30] {Threei} ah come on FNM, isn't $3 pullback from high deserving an entry?
[11:30] {Threei} apparently not
[11:34] {pita} later everyone
[11:35] {Threei} take care pita
[11:35] {dino} aste stop to .32
[11:35] {dino} etm bstop to b/e
[11:39] {Threei} LEH bounce time very soon
[11:40] {Threei} hard to pin;point exact entry
[11:40] {Threei} if you get a feel for it, great
[11:40] {Threei} if not, stay away
[11:40] {dino} out aste .63 +.71
[11:40] {Threei} wtg
[11:40] {dino} ty
[11:41] {dino} took awhile, but hey
[11:41] {dino} etm to .72
[11:46] {dino} etm stopped/cov .73 +.19
[11:57] {Threei} if FNM goes as low as 15 I will buy without second thought
[11:57] {Threei} (I think)
06[11:58] * Threei slaps laserdave1 around a bit with a large trout
06[11:58] * Chaeron slaps laserdave1 around a bit with a large trout
[12:00] {dino} ma gap fill
[12:01] {Threei} one more leg down probably, for both market and FNM, and bounce should develop
[12:04] {Threei} in FNM{ try #1
[12:04] {Threei} stop 0.09
[12:07] {dino} v sm l ma .25 risky, v wide
[12:09] {Threei} ok market, enough games... time to move
[12:11] {Threei} FNM needs to sell under 15
[12:11] {Threei} will be impossible to call in time
[12:12] {Threei} same thing as before - if you get a read on it, go for it
[12:12] {Threei} if not, stay on a sideline
[12:27] {kazaam} what a mess
[12:27] {Threei} Monday... hangover...
[12:28] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[12:28] {dino} grmn
[12:30] {Threei} don't see any news for this spike
[12:30] {dino} me niether
[12:33] {Threei} anyone got FNM?
[12:33] {hawkfan4} .93
[12:33] {Threei} beauty... wtg
[12:35] {hawkfan4} out +.47, thx. rather buy it back than watch it teleport do 15 again
[12:36] {dino} gj
[12:37] {hawkfan4} thx dino
[12:39] {dino} :)
[12:45] {dptl} mdco?
[12:45] {Threei} why not
[12:45] {Threei} chart's right, market is moving
[12:46] {dptl} l .21
[12:46] {dptl} stop under .06?
[12:47] {Threei} or under 21
[12:47] {Threei} both make sense
[12:47] {dptl} ok ty
[13:02] {dptl} sun?
[13:03] {Threei} ywes, not a cloud here
[13:04] {dptl} .40 break with stop under .20
[13:04] {Threei} .40 if holding above .25, IMO
[13:04] {dptl} ok ty
[13:04] {Threei} lunch time... things are less eactive
[13:06] {Chaeron} Ben Franklin summed it up well. In times of stress, the three best things to have are an old dog, an old wife and ready money. How right he was.
[13:07] {Chaeron} ooops sorry
[13:07] {Threei} why then do all those people with ready money leave old dog to old wife and go for new wife
[13:08] {Chaeron} lol
[13:08] {GeoArb} lol
[13:08] {Chaeron} fools
[13:08] {dptl} mir?
[13:08] {GeoArb} thats in times of less stress
[13:08] {Threei} MIR intraday looks nice, but there is .81 resistance from yesterday, very close
[13:09] {dptl} yes.
[13:11] {dptl} grabbed 10c mir
[13:11] {Threei} went through both
[13:11] {Threei} nice one
[13:11] {dptl} offering .37 mdco
[13:12] {Threei} dptl, the lunch time money machine
[13:12] {dptl} :) trying
[13:14] {dptl} should i keep same stop on mdco?
[13:14] {Threei} it formed new support at .15
[13:14] {Threei} so, either .14 if you are strict
[13:14] {Threei} or .09 to pad it a bit
[13:14] {dptl} thats what i think
[13:16] {dptl} sun held.25
[13:18] {dptl} got .42 sun
[13:26] {dptl} out mdco +.16
[13:26] {Threei} :)
[13:27] {dptl} :) now if you can kick that sun:)
[13:29] {Threei} good enough?
[13:29] {dptl} lol a bit more may be or that will be pushing
[13:30] {Threei} it will... but I'll try... just for you
[13:31] {dptl} thanx Vad
[13:31] {dptl} offering .57
[13:37] {dptl} hmm..amazing ...nice kick Vad out .57 thx lol
[13:38] {Threei} welcome sir
[13:38] {Threei} just ask
[13:38] {dptl} :)
[13:50] {dptl} nrg?
[13:53] {Threei} .26 is obvious trigger but I don't see defined support for stop placement for now
[13:54] {dptl} sun again
[13:55] {dptl} yes same here can't find stop for nrg
[13:55] {Threei} see if COST forms double bottom
[13:55] {Threei} .91 would be long if holding above .70
[14:00] {dino} i was watching cost too
[14:01] {Threei} cool, let's name the thing for move to 70.50
[14:01] {dino} ok
[14:01] {Threei} name = nail
[14:04] {Threei} lost support in validating double bottom
[14:04] {Threei} invalifating
[14:04] {Threei} ok, whatever
[14:04] {GeoArb} lol
[14:09] {dino} i like it here w/stop at .48ish
[14:29] {dptl} sho
[14:31] {Threei} I'd expect FNM to try a run once again before day is over
[14:32] {Threei} OPEC PRESIDENT NOTES THAT THERE IS ADEQUATE EXTRA CAPACITY TO MEET AN INCREASE IN DEMAND
[14:32] {Threei} {USO}
[14:32] {Threei} I guess 15 break
[14:32] {Threei} and as usual... can take a few tries
[14:33] {Threei} don't touch it if not ready for that
[14:33] {Threei} oil spike weighs on market
[14:34] {dptl} l sho .06 stop .94
[14:36] {Threei} come on FNM
[14:36] {Threei} your day high is 3,5 dolars away for pete's sake
[14:36] {Threei} can't you try and make at least 1/7 of tat?
[14:36] {Threei} than
[14:37] {Threei} that
[14:37] {Threei} magoo would be proud of me
[14:37] {GeoArb} vad in that scanner setting..... FDG
[14:38] {Threei} nice one
[14:39] {dino} gj
[14:40] {GeoArb} i was down for the day ... got greedy....FDG made me flat
[14:40] {GeoArb} now i am going to sit in the corner
[14:41] {GeoArb} coal sector hot
[14:42] {dino} up here, but slow day
[14:43] {GeoArb} finally feels a litle like summer
[14:46] {Threei} WHITE HOUSE REPORTEDLY EXPECTS IRAN TO REJECT MOST RECENT NUCLEAR OFFER
[14:46] {Threei} - reminder: at the weekend meetings in Geneva, the six major powers set a 2 week deadline for Iran, or it will face further sanctions
[14:55] {GeoArb} vad.... UYG basing nicely at lows
[14:55] {GeoArb} any read?
[14:55] {GeoArb} oops
[14:59] {GeoArb} paid
[15:01] {GeoArb} anyone else take it?
[15:01] {GeoArb} or summer siesta? :)
[15:03] {GeoArb} .
[15:03] {GeoArb} am i logged in?
[15:04] {Chaeron} yes geo :)
[15:04] {Threei} I guess
[15:04] {patience} i think so
[15:04] {GeoArb} thanks
[15:04] {GeoArb} i guess i am just being ignored
[15:05] {Threei} well, look at it this way
[15:05] {GeoArb} oooooo
[15:05] {Threei} someone should take magoo's place for a week
[15:05] {GeoArb} es breaks low
[15:05] {patience} i miss magoo
[15:05] {Chaeron} me too... Vad... please edit this out :)
[15:06] {Threei} yeah right
[15:06] {Chaeron} just didn't want in writing LOL
[15:06] {GeoArb} sentiments sensntiments
[15:07] {Threei} I am more likely to add than edit out
[15:07] {dino} ohhh mannnnnnnnn, do not let him hear that
[15:08] {dino} and here i sit enjoying the quiet
[15:08] {GeoArb} anyone in anything interesting?
[15:08] {GeoArb} i asm still short uyg
[15:08] {dino} interesting no
[15:09] {dptl} stopped sho -.07...got to go.......have a good evening all:)
[15:09] {dino} u2 dp
[15:09] {Threei} take care dp
[15:15] {Threei} tough ending so far, don't see any more or less safe play
[15:15] {Threei} FNM break of .50 is asking to be bought
[15:15] {Threei} but not much worked on it since its retreat from highs
[15:16] {judijim} take care all, be back tomorrow
[15:16] {Threei} take care jj
[15:22] {peterg} ok, finally arrived after day of resolving computer issues; so whats up?
[15:22] {peterg} must make money in ten minutes
[15:22] {peterg} revenge trading
[15:22] {Threei} great way to lose some
[15:22] {peterg} I know; I'll wait til tomorrow; have no feel.
[15:27] {Threei} neither dio I
[15:28] {Threei} you know what... I think let's call it a day, market is confused and I don't want to do anything potentially hurtful
[15:28] {Threei} USO rally put a drag on market
[15:28] {Threei} and financial's strength disapeared
[15:29] {Threei} thank you all, have a great evening, see you tomorrow
[15:29] {hawkfan4} cya vad, thx
[15:30] {peterg} tomorrow
[15:30] {fernp} bye
[15:33] {peterg} laserdave, you there? CDCC
[15:45] {dino} cost stopped -.27
[15:59] {dino} ok calling it a day, take care all
[15:59] {dino} holding ma, v sm
Friday, July 18, 2008
Jul 18 2008
Session Time: Fri Jul 18 00:00:00 2008
[08:29] {magoo} morning
[08:29] {Threei} good morning
[08:32] {cosmo} checking
[08:33] {cosmo} MDVN: Medivation announced publication of results of its first Alzheimer's disease pivotal clinical trial of the investigational drug DimebonBriefing.com(Fri 7:44am)
[08:33] {Threei} that gives us hope
[08:34] {cosmo} coffee?
[08:34] {cosmo} nah
[08:34] {magoo} m9orning
[08:40] {cosmo} hmm....that drug wears off fast...
[08:41] {magoo} yes coffee..ty
[08:41] {cosmo} $2
[08:49] {judijim} good morning all
[08:51] {Threei} jj :)
[08:53] {Threei} looks like C saves the day so far, ofsetting bad reports by GOOG and MER
[08:54] {fernp} Good morning
[08:54] {Threei} fern :)
[08:54] {Threei} one bad thing is, Cramer called oil top
[08:55] {peterg} morning all
[08:55] {Threei} peter :)
[08:55] {Threei} we may be looking at possibility of unexpected run by MER
[08:56] {cosmo} eslr
[08:56] {Threei} it's down not that much, and recovered nicely already
[08:56] {Threei} could be a surprise run
[08:56] {cosmo} filling gap so far
[08:57] {Threei} .20 break maybe worth a careful try on MER
[08:57] {Threei} ESLR is nasty stock...
[08:59] {cosmo} it heard that
[09:03] {Threei} WEDBUSH MORGAN RAISED ESLR TO BUY FROM HOLD
[09:06] {Threei} feel free to take MER scalp who went for it
[09:08] {Threei} any takers?
[09:09] {hawkfan4} missed it, was taking out the garbage, nice call
[09:09] {dino} gm all
[09:10] {pita} gm all
[09:10] {kazaam} gm
[09:12] {dptl} good morning all
[09:12] {Threei} morning everyone
[09:13] {peterg} more to say about MER?
[09:14] {peterg} interesting
[09:14] {magoo} beauty vad..i guess i just had a 500 bux phone call because i was going tom take it
[09:14] {Threei} ugh
[09:14] {dino} sglp liquidity issues, chapter 11 options discussed
[09:14] {Threei} will be on watch peter
[09:14] {magoo} locked loaded ring
[09:14] {magoo} ugh
[09:14] {GeoArb} gm
[09:14] {Threei} right now after over 1 dollar run from a trigger, what to say... :)
[09:14] {Threei} Geo :)
[09:16] {Threei} wow dino
[09:16] {Threei} how nice of them to tell us today :)
[09:18] {magoo} vad, its avail short sglp
[09:19] {Threei} 07/17/08 08:11pm
[09:19] {Threei} [SGLP] SemGroup Energy Partners Comments on today's decline in its share price: Has been informed by SemGroup, SGLP's parent, that SemGroup is experiencing liquidity issues and is exploring various alternatives
[09:19] {Threei} - Various alternatives include raising additional equity, debt capital or the filing of a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code
[09:25] {dino} as if nobody knew yesterday, sheesh
[09:26] {dino} meaning, somebody knew
[09:27] {Threei} isn't it remarkable that market is capable of sshrugging off GOOG miss
[09:27] {Threei} just shows how much it is about financials and oil right now
[09:28] {GeoArb} also options expiration wierdness?
[09:28] {Threei} probably, yes
[09:29] {Threei} LEH is either .80 break of pullback to .40... really can't tell which entry is better
[09:31] {Threei} pullback that was... very fast, not an easy entry
[09:31] {Threei} anyone got it?
[09:32] {hawkfan4} nope
[09:32] {dino} need coffee
[09:32] {fernp} no here
[09:32] {Threei} FRE 8.80 support
[09:33] {Threei} take scalp if got it
[09:33] {tomg} got leh and fre, ty vad
[09:33] {Threei} wow tom, you have amazing reflexes
[09:33] {tomg} nah
[09:33] {tomg} play 3d pinball at nite :)
[09:34] {Threei} lol
[09:34] {hawkfan4} nice vad, got .25 on fre, thx
[09:34] {Threei} :)
[09:35] {Threei} LEH one more leg down for entry
[09:35] {Threei} somewhere under .50 I think
[09:36] {magoo} lil deep?
[09:36] {Threei} in
[09:36] {Threei} stop under 18
[09:36] {magoo} in .25
[09:38] {peterg} in .15
[09:39] {Threei} out .60
[09:40] {Threei} a bit too nervous move
[09:40] {hawkfan4} out .55, nice
[09:40] {kazaam} very nice
[09:40] {magoo} missed exit
[09:40] {kazaam} i take it you guys have been having a good week?
[09:40] {Threei} very kaz
[09:40] {magoo} was out .74
[09:41] {peterg} system froze; got out for a dime
[09:41] {Threei} aww
[09:42] {peterg} yep
[09:42] {Threei} sorry peter... hooked great entry
[09:42] {Threei} beat mine by 3 cents
[09:42] {Threei} FRE, if sells fast into 8.20
[09:43] {Threei} maybe wishful thinking
[09:43] {Threei} but let's see
[09:43] {Threei} 8.40 is support too but something tells me it's not going to hol
[09:44] {Threei} "something" was right
[09:45] {Threei} not sure it can go as far as 8.20
[09:45] {dino} ostk
[09:45] {Threei} but glad I didn't take 8.40, struggling here
[09:45] {Threei} if it goes from here so be it
[09:45] {Threei} FNM
[09:46] {Threei} .50 closest support
[09:46] {Threei} in, stop .39
[09:47] {Threei} trailing to .49 if takes .65
[09:47] {Threei} trailed
[09:49] {Threei} maybe getting greedy, but heck... my risk is about 10 cents here
[09:49] {magoo} i dont wanna miss this exoit..where u thinking?
[09:50] {Threei} between .80 and .90 most likely
[09:50] {dino} risky sm v l .15
[09:50] {dino} stop lod
[09:50] {Threei} out
[09:51] {Threei} sharp market downtick
[09:51] {Threei} don't want top get caught
[09:51] {Threei} srtill looks good but it's friday
[09:51] {Threei} taking easy money
[09:52] {Threei} lol, tell longer term traders and investors that we call FRE/FNM/LEH etc easy money
[09:52] {magoo} ogk, out fnm.91
[09:52] {peterg} out at .84, =.18; left too soon maybe
[09:52] {magoo} fre.67 and lucky on leh .54
[09:52] {peterg} nice magoo
[09:52] {magoo} a lil luck nice sometimes up good..cant begin to calculate
[09:53] {dino} luck is half the game
[09:53] {Threei} I don't care what Raven says... I 've NEVER seen summer trading that active, readable and consistently profitable
[09:55] {pita} got sm piece of LEH and FRE -- TY Vad
[09:55] {dino} v stopped
[09:55] {Threei} welcome pita :)
[09:58] {magoo} dont jinx it vad
[09:58] {Threei} well, I still think we are to see some slowdown in August
[09:58] {Threei} but most likely not aas severe as usual
[09:59] {Threei} too much is going on
[09:59] {peterg} Sovereign wealth funds, Dark Pools
[09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[09:59] {Threei} dark pools - I don't know what the fuss is about
[10:00] {Threei} I don't see it as something significant
[10:00] {peterg} nice place for fear to locate
[10:01] {peterg} 92.3% of news is fear
[10:01] {magoo} [09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[10:01] {peterg} echo?
[10:02] {dino} i agree vad, this summer is nuts
[10:02] {magoo} a trader this morn on cnbc said normally be at hamptons already for weekend...but to much happening
[10:02] {dino} black swan circling
[10:02] {peterg} yes, and the scale of happenings is way to big for the markets just to go on vaction.
[10:02] {Threei} lol peter
[10:03] {dino} no matter peter, because i am, end of next week, sunset beach, nc, mid. aug. jamaica
[10:03] {peterg} sounds good
[10:03] {dino} indeed
[10:03] {dino} much needed mind erasing
[10:03] {peterg} fond memories of jamacai, weeds, drinx etc
[10:04] {dino} my 5th time going there, this time taking kids
[10:04] {peterg} go be rasta wif spliff
[10:04] {Threei} my mind erasing will happen in Alaska
[10:04] {magoo} btw, i will be out all next weekend...my boy is going to mx camp annd i have to be there..mechanac and mentor capacity..he is only 9
[10:04] {dino} cruise tour, you will love it
[10:04] {Threei} booked that heli tour you mentioned dino
[10:04] {Threei} 4 glaciers adventure, right?
[10:05] {GeoArb} have fun guys..... my parents visiting all aug/sep and in laws oct/nov
[10:05] {dino} awesome
[10:05] {GeoArb} dunno if its :) or :(
[10:05] {peterg} sum of each
[10:05] {Threei} lol... take care geo
[10:05] {Threei} also, train to White Pass in Skagway
[10:05] {magoo} vad, book the white water raft tour also
[10:05] {peterg} say chaps, where is there some money to be made?
[10:06] {magoo} real fun
[10:06] {dino} we took the train to denaili, took about 8 hours, but really fun
[10:06] {peterg} $$$$
[10:06] {dino} dog sleds, gold mining, etc
[10:06] {magoo} teach u to row together across glacier lake..stop on river island for booze
[10:07] {magoo} we did alaskan cruise as a honeymopon
[10:07] {dino} peter i think ostk off of .25 l
[10:07] {Threei} not sure I still have room for more tours... but will look into it, thanks for the tip
[10:07] {dino} also watching cetv
[10:07] {magoo} oh, i did train ride in skagway, real cool
[10:08] {dino} i fondly remember the ship selling buckets of becks'
[10:08] {GeoArb} lol
[10:08] {GeoArb} thtats the memory?
[10:08] {magoo} i liked the ship casino..no kiding..i luv roulette wheel
[10:08] {dino} cetv l sm .90, wide, wild moves
[10:09] {peterg} watching--little scary
[10:09] {Threei} for some reason I am totally cold to casinos
[10:09] {Threei} 3 times in Vegas, no single game, can you imagine
[10:09] {Threei} SGLP recovery or what
[10:10] {magoo} you'll only find magoo at the wheel with drink in hand..hate the blackjack tables
[10:10] {dino} same here 3i, casinos feel like work to me
[10:10] {Threei} boring work at that
[10:11] {cosmo} i like the archaeology in that area
[10:11] {peterg} Pacinko parlours in japan
[10:11] {cosmo} paleo too
[10:12] {dino} i like the bikini clad women by the ships' pool
[10:12] {Threei} SQNM
[10:12] {GeoArb} i am with magoo on that
[10:12] {kazaam} ibm l .43
[10:12] {GeoArb} live more fun
[10:12] {Threei} small shares long on pullback to .60, stop under .40 and hold for something good as magoo says
[10:14] {Threei} first strength from here
[10:14] {magoo} in .57
[10:15] {dino} sglp spike
[10:15] {Threei} MER
[10:15] {Threei} 38 break long half lot
[10:16] {Threei} 30, sorry
[10:16] {Threei} stop under 29.80
[10:16] {dino} v last try .00 l
[10:17] {magoo} in mer .05
[10:17] {dino} pete was right ostk
[10:17] {magoo} was fast
[10:17] {Threei} SQNM slowly trying
[10:18] {Threei} with any help it's capable of really strong runs
[10:18] {kazaam} stupid chart not updating on sqnm, I will just have to pretend I got in with you guys on SQNM
[10:18] {magoo} tough mkt for help tho boss
[10:18] {Threei} stop is small enough to try and give it a chance
[10:20] {magoo} stalking RIMM
[10:20] {magoo} if IF mkt can bounce..nice long ..risky not in
[10:20] {Threei} kazaam, look dcc please
[10:21] {magoo} how come i never get a "magoo look dcc?"
[10:21] {Threei} OK... magoo, look dcc (just keep in mind there is none)
[10:21] {peterg} tks dino, absorbed in SQNM
[10:21] {magoo} shit, i went there he he
[10:21] {Threei} gotcha!'
[10:22] {magoo} :)
[10:22] {Threei} SQNM tries the high again even as market retreats
[10:22] {Threei} it's volatile one
[10:23] {Threei} that's why I wanted small shares - it acts similarly to days when it posts big gains so I want to be able to hold through it's swings
[10:24] {magoo} l rimm small .90
[10:24] {Threei} MER stop to .85
[10:27] {dptl} stop under .60 now sqnm?
[10:28] {Threei} I'd move it after new high is made
[10:28] {dptl} ok ty
[10:28] {Threei} and pad it a bit, do not overtighten
[10:29] {Threei} I mean under .60 doesn't mean .59 in SQNM's case
[10:31] {Threei} no worky MER
[10:34] {kazaam} maybe MER break of 30.18?
[10:34] {magoo} l aapl here super small
[10:35] {Threei} only is some activity returns, it loses life
[10:35] {Threei} maybe Fridfay effect, maybe something else
[10:37] {magoo} in aapl .24
[10:37] {magoo} stop .90
[10:38] {Threei} FRE
[10:38] {Threei} REPORTEDLY PLANS TO SELL $1B 3 MONTH, $1B IN 6 MONTH AND $1B IN 12 MONTH BILLS JULY 21 SCHEDULED TO SETTLE 22
[10:38] {Threei} market tripped of something again
[10:39] {magoo} stopped aapl
[10:39] {Chaeron} good morning everyone
[10:39] {magoo} sigh
[10:39] {dino} that was me
[10:39] {Threei} chaeron :)
[10:39] {Chaeron} nice to see you too magoo :)
[10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:40] {Threei} I don't know why I post it
[10:40] {dino} post what
[10:40] {peterg} because your car is made in china
[10:40] {Threei} [10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:41] {peterg} btw, the US emerged victorious in the glorious struggle against the capitalist roaders of China.
[10:41] {dino} busting you
[10:41] {dino} algt sm s .65, stop .10
[10:45] {dino} dmnd
[10:47] {magoo} man vad FNM
[10:49] {dino} algt stopped .00 -.35
[10:51] {Threei} I don't see news that rocketed financials
[10:54] {hawkfan4} me either, wild
[11:06] {dino} out v .55 +.55
[11:08] {dino} ipcc
[11:09] {dino} missed
[11:11] {dino} fwlt sm l .10
[11:11] {dino} stop lod
[11:11] {Threei} WHITE HOUSE: A GOAL FOR A "GENERAL TIME HORIZON' HAS REPORTEDLY BEEN REACHED BY IRAQ AND THE US ON POTENTIAL TROOP WITHDRAWALS
[11:13] {dino} lets see, usa will pay iran, iran will take money, iran will then say no
[11:13] {dino} opps read that as iran
[11:14] {dino} in any case, thats next week on nukes
[11:14] {magoo} ok, have errand, be back hour
06[11:14] * Threei kicks SQNM in the rear with heavy duty army boots
[11:15] {Threei} we will pretend we miss you magooski
[11:15] {pita} day job calling - thanks for positive day!
[11:15] {Threei} wtg pita
[11:16] {Threei} FNM another round
[11:16] {Chaeron} bye pita... hurry back magoo
[11:16] {Threei} good job pretending chaeron
[11:16] {Chaeron} yeah... I thought it was worth a shot
[11:17] {Threei} it was... sorry for spoiling your effort by accidcenatlly pasting to magoo your private message to me "Close the door FAST while he is out"
[11:18] {Threei} FRE .86 very risky long trigger
[11:19] {Threei} SQNM new high finally
[11:21] {dptl} you still in?
[11:22] {Threei} SQNM? of course
[11:22] {Threei} FRE my stop .65
[11:22] {dptl} ok
[11:24] {dptl} offering .97 sqnm
[11:24] {GeoArb} done for the day.......VTR was my vehicle today
[11:24] {GeoArb} thanks all
[11:25] {Threei} take care Geo... you really need to start sharing your vehicles
[11:25] {GeoArb} simple pattern.... JBE on yesterday's high
[11:25] {GeoArb} vad i even mentioed the setup
[11:25] {GeoArb} "the basterdized version"
[11:25] {Threei} sorry, I must have slept through it
[11:25] {GeoArb} emailing you the config now
[11:26] {dptl} so...stop under .60 now..since its made new high?
[11:26] {Threei} yes, .55 for me
[11:26] {dptl} ok ty
[11:29] {GeoArb} emailed vad.....
[11:29] {Threei} ty
[11:32] {GeoArb} if this keeps up.... i might be able to go on vacations like you guys !
[11:35] {GeoArb} hmmm no humor
[11:35] {Threei} what else is new
[11:35] {GeoArb} guess these guys like vads humor OOOOOOO
[11:36] {Threei} that tells you something, doesn't it
[11:37] {GeoArb} what do you think of the scan vad?
[11:37] {GeoArb} i combined 2 of yours
[11:37] {Threei} gosh, let me observe it for a few :)
[11:37] {GeoArb} i meant the parameters
[11:38] {Threei} want to watch alerts first
[11:38] {Threei} to get an idea of what it hunts for, then reviews parameters
[11:38] {GeoArb} i switch between new high ve new resistence alerts
[11:38] {GeoArb} depending on how man i want
[11:38] {GeoArb} many
[11:41] {dino} v sm l skf .75
[11:41] {GeoArb} he he skf :)
[11:41] {GeoArb} dino can your platform short skf?
[11:42] {GeoArb} i almost never get shorts permission
[11:42] {kazaam} most etfs are not shortable
[11:42] {dino} no geo
[11:42] {GeoArb} why? i wonder
[11:43] {GeoArb} i guess i could go long uyg
[11:43] {dino} things that are bigger than i understand i guess
[11:43] {GeoArb} but not enough oomph
[11:44] {Threei} US SEC OF STATE RICE REPORTEDLY ACKNOWLEDGES THE US POLICY SHIFT ON IRAN WITH ITS DECISION TO SEND A SENIOR ENVOY TO GENEVA FOR THE NUCLEAR TALKS THIS WEEKED
[11:44] {dino} wow, i'm an oracle
[11:45] {GeoArb} we will hold hands and sing songs
[11:45] {dino} my earlier rant about iran
[11:46] {GeoArb} i have lived in middle east for about 20 years
[11:46] {GeoArb} and its not pretty and thats an understatement
[11:49] {dino} one place i will never go to
[11:50] {GeoArb} egypt and jordan and turkey have some amazing architecture though
[11:51] {GeoArb} wierd choppy day
[11:51] {patience} options expiry and weirded out market
[11:52] {GeoArb} off to day job to work for mortgage.... happy trading all
[11:53] {dino} cya geo
[11:57] {dino} out skf .25, +1.50
[11:58] {kazaam} nice one
[11:58] {patience} major envy dino, nice trading
[11:59] {dino} ty
[11:59] {dino} small size patience
[11:59] {dino} it moves a buck fast, so entries tough
[12:01] {kazaam} dino, what made you think long on skf? i reason i ask is i could only see short
[12:03] {dino} dji strated to drop, financials are heavy weight in dji. thats it
[12:03] {dino} i try not to think too much
[12:04] {dino} pull up 5 day dji, 5 day skf
[12:04] {dptl} more and more i see its always work ....not thinking:)
[12:05] {dino} took me years to
[12:05] {dino} "get" that
[12:05] {dptl} :)
[12:05] {dino} the less i know the better i trade
[12:06] {peterg} trade what you see not what you think
[12:06] {kazaam} thanks for your perspective dino, yeah i replaced thinking with eating
[12:07] {peterg} good plan
[12:07] {dino} lol kaz, and yes pete
[12:07] {dptl} or drinking
[12:07] {dino} keep it simple, right vad
[12:08] {Threei} even that is too complicated for me
[12:08] {dino} ipcc feels one more fast drop then bounce
[12:13] {peterg} in at .12
[12:17] {dino} ipcc?
[12:17] {peterg} yes shd v waited for a bit but well see
[12:18] {dino} keep you stop, doesn't matter then
[12:18] {peterg} finger on trigger
[12:18] {dino} you want to know where i'm bidding it? you'll laugh
[12:18] {peterg} id love a laugh
[12:19] {dino} 41.30
[12:19] {peterg} make my day
[12:19] {dino} back in 30 wife to lunch
[12:20] {dino} i will leave the bid there
[12:22] {peterg} lunch & fear got me out -.04
[12:23] {peterg} just in time
[12:28] {magoo} magoo back in-da-house
[12:29] {Threei} uh oh
[12:29] {Threei} sorry chaeron... I forgot to lock the door
[12:30] {Chaeron} *sigh*
[12:32] {magoo} well???
[12:32] {Chaeron} oh, sorry... Great to see you again Magoo!
[12:33] {magoo} no..was waiting to hear about all the great trades i missed
[12:35] {Chaeron} hmmmm... let's see... there was the triple-sized RIMM long off 109.55 out 110.46
[12:36] {Chaeron} then the short of AAPL on break of 167 - cover at 166.35... more?
[12:37] {magoo} wow..new it
[12:38] {laserdave1} ibm interesting
[12:38] {laserdave1} only .30 away from high
[12:38] {laserdave1} dangerous though
[12:39] {laserdave1} no pos will look at it if it takes a run at high
[12:40] {dptl} stopped sqnm
[12:44] {magoo} aapl looks good here
[12:45] {magoo} thats .50 cents
[12:47] {laserdave1} hey mags whats up
[12:47] {laserdave1} with your other good friend there
[12:47] {magoo} lazer
[12:47] {laserdave1} RIMM
[12:48] {laserdave1} its strong again
[12:48] {laserdave1} not in it
[12:48] {magoo} like aapl as bouncer better if IF mkt bounces
[12:48] {laserdave1} market hovering on support
[12:49] {magoo} feels up
[12:49] {magoo} mkt that is
[12:50] {Threei} I am feelingless
[12:50] {Threei} let's rely on your feel
[12:50] {magoo} and mean spirited too
[12:50] {Threei} mine took early weekend
[12:50] {Threei} oh, mean-spirited I am always
[12:51] {magoo} especially towards magoo ive noticed
[12:51] {Threei} actually no... it's universal...
[12:52] {Threei} I just enjoy expressing it openly toward magoo morfe than toward others {G}
[12:53] {magoo} oh..so then....i special
[12:53] {Threei} but of course
[13:03] {laserdave1} GOOG
[13:03] {laserdave1} extreme danger
[13:06] {magoo} afterhrs low was 470
[13:07] {magoo} vad..news AAPL?
[13:08] {dino} pete, ugh, ipcc would\'ve worked for you
[13:08] {Threei} no mags
[13:15] {magoo} read on AAPL vad
[13:15] {Threei} pullback to 166 is where I would try
[13:16] {laserdave1} mags dcc
[13:25] {laserdave1} peter dcc
[13:26] {Threei} dave is on dcc spree
[13:27] {kazaam} hurrrmph, SII
[13:27] {kazaam} darn
[13:28] {Threei} FRE
[13:28] {Threei} SEC HAS APPROVED SHARE REGISTRATION; CLEARS WAY TO RAISE FRESH CAPITAL
[13:28] {Threei} - Spokesman says there is no immediate need to raise fresh capital
[13:28] {Threei} - Updated their internal controls and financial reporting processes and is now an SEC registrant and reporting company
[13:29] {dino} apei
[13:30] {dino} too gast
[13:31] {Threei} itching to short WM
[13:33] {magoo} RIMM vad..unreal
[13:34] {Threei} oullback worth a try... with any market help should give about 50 cents easily
[13:38] {dino} sm l v .00
[13:41] {Threei} short WM .90
[13:41] {Threei} 6.01 stop
[13:46] {Threei} LEH feels like preparing for a jump
[13:47] {magoo} whats the call boss?
[13:47] {Threei} pullback would be great
[13:47] {Threei} .35-.40 area
[13:47] {Threei} not sure about break
[13:49] {Threei} overall, has this look about it
[13:49] {Threei} like retesting 20
[13:49] {Threei} WM 1:1
[13:49] {laserdave1} Wm where is exit Vad
[13:49] {laserdave1} ?
[13:50] {Threei} has a lot of downside... try to cover half on the next leg down, around .75 or so and ride the rest
[13:50] {laserdave1} ok
[13:51] {Threei} OFHEO: NOTES THAT IN REGARDS TO THE FILING BY FRE THIS MORNING, THE AGENCY IS 'PLEASED'
[13:51] {Threei} {FRE FNM}
[13:51] {Threei} here it is
[13:51] {kazaam} why short on WM vad? because of daily resistance?
[13:51] {Threei} double top on 1 min
[13:51] {Threei} daily resistance
[13:51] {Threei} dog with fleas
[13:52] {Threei} a lot of reasons :)
[13:53] {fernp} good one Vad. TY
[13:53] {Threei} :)
[13:53] {dino} iclr hmmm
[13:57] {laserdave1} nice call WM Vad
[13:57] {laserdave1} I like yes
[13:57] {Threei} :)
[13:58] {laserdave1} keep goinggggggggggg
[13:59] {laserdave1} had to take profits
[13:59] {laserdave1} needed that one
[13:59] {laserdave1} ty
[13:59] {Threei} welcome
[13:59] {laserdave1} it was awesome for a 5$ stock
[13:59] {jmb} thanks Vad
[13:59] {Threei} jmb :)
[14:01] {laserdave1} market might roll
[14:01] {laserdave1} wow
[14:01] {laserdave1} so tight
[14:01] {Threei} in LEH, .25 stop
[14:02] {dino} sm l iclr .00
[14:03] {Threei} half out .53
[14:03] {Threei} +.18
[14:03] {Threei} stop .29
[14:05] {magoo} vad..ironic...revshark on realmoney says "slow summer action"
[14:05] {magoo} he he
[14:06] {Threei} we must be on different planets
[14:06] {Chaeron} TokyoJoe says..... heheheh
[14:07] {laserdave1} if .75 lets go
[14:07] {laserdave1} iwill short em at .74
[14:07] {magoo} i know..u saying never seen it this hectic
[14:07] {magoo} wha thew
[14:07] {laserdave1} haha gone as im typing
[14:07] {laserdave1} now back
[14:08] {laserdave1} ok im short
[14:08] {laserdave1} stop .80 for me
[14:10] {magoo} mit grupen un fuerer
[14:10] {laserdave1} any call on market Vad?
[14:11] {laserdave1} what a tight range
[14:11] {Threei} feeling is,
[14:11] {Threei} ramp up
[14:11] {Threei} violent
[14:12] {laserdave1} ok thanks
[14:12] {kazaam} violent sounds good
[14:12] {cosmo} not just one of those lazy summer afternoons?
[14:12] {Threei} nope
[14:12] {cosmo} on a fri?
[14:12] {Threei} nope
[14:13] {Threei} a few shakes, then explosive move up
[14:13] {cosmo} hmm...full moon got ya?
[14:13] {Chaeron} choice?
[14:14] {Threei} LEH
[14:14] {laserdave1} out wm
[14:14] {Chaeron} shoot I miss?
[14:15] {laserdave1} wm i stoppe dout of short
[14:15] {Threei} shakeouts are not over yet probably
[14:15] {laserdave1} market is real whippy in this range
[14:15] {magoo} u in LEH vad?
[14:16] {laserdave1} fake one way then next
[14:16] {Threei} half
[14:16] {magoo} what entry?
[14:16] {Threei} sold first half earlier and posted
[14:16] {Threei} .35
[14:16] {Threei} [14:03] {Threei} half out .53
[14:16] {Threei} [14:03] {Threei} +.18
[14:17] {magoo} ok
[14:17] {dino} risky, sm l apei .79
[14:19] {Threei} ok NQ, it's time
[14:20] {Chaeron} too late for entry LEH?
[14:20] {Threei} no
[14:20] {Threei} .33 was besutiful entry
[14:24] {Threei} come on market... while we are young
[14:26] {kazaam} yep yep, where are you steel boots?
[14:26] {kazaam} that might make it angry
[14:26] {Threei} frikin oil spikingh
[14:27] {Threei} stiopped
[14:28] {Threei} looking for better entry
[14:33] {dino} apei stopped
[14:33] {dino} spinning my wheels
[14:33] {dino} pins and needles, needles and pins......
[14:41] {Threei} really long stall
[14:41] {dino} no old honeymooners fans i see
[14:43] {Threei} need USO to lose 104 probably to give a spark to market
[14:47] {peterg} missed all the action--dr. will fix my knee for ten grand
[14:47] {peterg} lower bids, anyone?
[14:47] {Threei} I can do it for free but my tools are limited to sledgehammer
[14:48] {peterg} you have skill with sledge
[14:48] {dino} iclr stop to .47
[14:48] {dino} vad will make your good knee look like your bad one
[14:49] {peterg} then ill be knock-kneed
[14:49] {Threei} actually... I make a kneee to look like there is no knee
[14:50] {Threei} oh good
[14:50] {Threei} FEDS STERN IS WORRIED ABOUT THE PROSPECTS OF INFLATION
[14:50] {Threei} you don't say
[14:50] {cosmo} oh
[14:52] {Threei} ZION
[14:52] {Threei} DECLARES REGULAR DIVIDEND OF $0.43
[14:52] {Threei} - The dividend is payable August 20, 2008 to shareholders of record on August 6, 2008.
[14:53] {Threei} FED CAN NOT WAIT FOR THE END OF A CRISIS TO INCREASE RATES, SEES SIMILIARITES BETWEEN CREDIT CRUNCH NOW AND EARLY 90S
[14:53] {Threei} - Stern remarks that the Fed is in good position to handle downside risks to growth
[14:57] {dino} stopped iclr .50, +.50
[14:58] {magoo} markets crazy here
[15:02] {Chaeron} LEH here?
[15:03] {Threei} market recovers but LEH is still waiting for something
[15:03] {Threei} not sure
[15:06] {dino} nue sm l .75 stop lod
[15:10] {Threei} FNM .75 worth a try long
[15:12] {Threei} anyone got it or too fast?
[15:12] {magoo} missed but beauty vad
[15:12] {Threei} ticked as I typed
[15:12] {Threei} missed LEH
[15:12] {Threei} looks like rally time finally came, but one more pullback is likely
[15:12] {dino} v stop to .40
[15:13] {dino} out +.40
[15:14] {Threei} wtg
[15:14] {peterg} out LEH at .07, + 22
[15:14] {Threei} good one peter
[15:14] {dino} gj peter
[15:14] {peterg} gotta learn to wait;
[15:15] {peterg} thks esp chaeron for suggestion
[15:16] {dino} i don't know about waiting, seems i'm giving back a lot of scalps lately, because of greed
[15:16] {peterg} I think I leave early cz of fear
[15:16] {peterg} often
[15:16] {peterg} workn on it
[15:21] {laserdave1} dcc please Peter
[15:22] {Threei} SEC CONFIRMS EXEMPTION OF MARKET MAKERS FROM 'NAKED SHORT' SALE RULE, ORDERS CAN BE PLACED WITHOUT DELAY
[15:24] {cosmo} sqnm
[15:25] {cosmo} gonna b/o
[15:25] {Threei} RIMM, sheesh
[15:25] {peterg} back off?
[15:25] {cosmo} break out
[15:25] {peterg} b/o
[15:25] {peterg} tks
[15:25] {cosmo} not so soon
[15:34] {Threei} CFTC REPORTEDLY RECLASSIFYING CERTAIN ENERGY TRADER POSITIONS
[15:35] {cosmo} to the financials?
[15:38] {cosmo} we could have a 'watt' based currency
[15:44] {hawkfan4} headed out, have a great weekend all, nice week. thx vad
[15:44] {Threei} take care hawk, wtg
[15:45] {hawkfan4} :) cya
[15:45] {Threei} FDIC'S BEAR SAYS INSURANCE FUND IS "QUITE ADEQUATE" TO HANDLE BANK FAILURES
[15:46] {Chaeron} More confincing if his name was Bull
[15:46] {cosmo} and his last name?
[15:46] {Chaeron} :)
[15:47] {Threei} yeah... what kind of name is it to give siundbites to a market
[15:49] {kazaam} have a good weekend yall
[15:49] {kazaam} cya
[15:49] {Threei} take care kaz
[15:49] {magoo} c u kaz
[15:50] {Threei} quite nice ramp up into closee
[15:51] {magoo} u called it...thats why sometimes i ask u what u feeling?
[15:51] {Threei} look FNM
[15:52] {laserdave1} just shorted WM
[15:52] {laserdave1} stop at 6.01
[15:54] {peterg} short RIMM at .78
[15:56] {peterg} out .55 +23
[15:56] {Threei} nice scalping footwork
[15:57] {peterg} shudda stayed longer but didn't want to spend weekend with RIMM
[15:58] {dino} gj
[15:58] {peterg} tks; how close to bell can you sell?
[15:59] {Threei} slow summer action eh?
[15:59] {magoo} vad, remember to enjoy next week..i rarely take off
[15:59] {Threei} only if you are watching BXMNF I suppose
[15:59] {Threei} you are off next week?
[15:59] {magoo} yes, whole week
[16:00] {Threei} have fun
[16:00] {dino} slacker
[16:00] {Threei} we will be here when you are back
[16:00] {Threei} wait don't leave yet
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:00] {Threei} now you can leave
[16:00] {Threei} thank you all, have a great weekend
[16:00] {Threei} see you on Monday
[16:01] {peterg} thanks group! See you Monday
[16:01] {magoo} TY boss
[16:01] {magoo} ty all
[16:01] {peterg} bye Mags have fun
[16:01] {magoo} trade well without magoo:)
[16:01] {peterg} it wont be the same
[16:01] {magoo} chaer, taking son to mx camp whole week
[16:02] {Chaeron} whos???
[16:02] {magoo} tony d
[16:02] {dptl} have a good weekend all:)
[16:02] {Chaeron} Great!! DiStefano!
[16:04] {Chaeron} take pics man...
[16:05] {Chaeron} bring me home some pointers too
[16:06] {judijim} be back Monday, bye for today
[16:07] {magoo} by jj.. u got it chaer
[16:08] {Chaeron} have fun Magoo
[08:29] {magoo} morning
[08:29] {Threei} good morning
[08:32] {cosmo} checking
[08:33] {cosmo} MDVN: Medivation announced publication of results of its first Alzheimer's disease pivotal clinical trial of the investigational drug DimebonBriefing.com(Fri 7:44am)
[08:33] {Threei} that gives us hope
[08:34] {cosmo} coffee?
[08:34] {cosmo} nah
[08:34] {magoo} m9orning
[08:40] {cosmo} hmm....that drug wears off fast...
[08:41] {magoo} yes coffee..ty
[08:41] {cosmo} $2
[08:49] {judijim} good morning all
[08:51] {Threei} jj :)
[08:53] {Threei} looks like C saves the day so far, ofsetting bad reports by GOOG and MER
[08:54] {fernp} Good morning
[08:54] {Threei} fern :)
[08:54] {Threei} one bad thing is, Cramer called oil top
[08:55] {peterg} morning all
[08:55] {Threei} peter :)
[08:55] {Threei} we may be looking at possibility of unexpected run by MER
[08:56] {cosmo} eslr
[08:56] {Threei} it's down not that much, and recovered nicely already
[08:56] {Threei} could be a surprise run
[08:56] {cosmo} filling gap so far
[08:57] {Threei} .20 break maybe worth a careful try on MER
[08:57] {Threei} ESLR is nasty stock...
[08:59] {cosmo} it heard that
[09:03] {Threei} WEDBUSH MORGAN RAISED ESLR TO BUY FROM HOLD
[09:06] {Threei} feel free to take MER scalp who went for it
[09:08] {Threei} any takers?
[09:09] {hawkfan4} missed it, was taking out the garbage, nice call
[09:09] {dino} gm all
[09:10] {pita} gm all
[09:10] {kazaam} gm
[09:12] {dptl} good morning all
[09:12] {Threei} morning everyone
[09:13] {peterg} more to say about MER?
[09:14] {peterg} interesting
[09:14] {magoo} beauty vad..i guess i just had a 500 bux phone call because i was going tom take it
[09:14] {Threei} ugh
[09:14] {dino} sglp liquidity issues, chapter 11 options discussed
[09:14] {Threei} will be on watch peter
[09:14] {magoo} locked loaded ring
[09:14] {magoo} ugh
[09:14] {GeoArb} gm
[09:14] {Threei} right now after over 1 dollar run from a trigger, what to say... :)
[09:14] {Threei} Geo :)
[09:16] {Threei} wow dino
[09:16] {Threei} how nice of them to tell us today :)
[09:18] {magoo} vad, its avail short sglp
[09:19] {Threei} 07/17/08 08:11pm
[09:19] {Threei} [SGLP] SemGroup Energy Partners Comments on today's decline in its share price: Has been informed by SemGroup, SGLP's parent, that SemGroup is experiencing liquidity issues and is exploring various alternatives
[09:19] {Threei} - Various alternatives include raising additional equity, debt capital or the filing of a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code
[09:25] {dino} as if nobody knew yesterday, sheesh
[09:26] {dino} meaning, somebody knew
[09:27] {Threei} isn't it remarkable that market is capable of sshrugging off GOOG miss
[09:27] {Threei} just shows how much it is about financials and oil right now
[09:28] {GeoArb} also options expiration wierdness?
[09:28] {Threei} probably, yes
[09:29] {Threei} LEH is either .80 break of pullback to .40... really can't tell which entry is better
[09:31] {Threei} pullback that was... very fast, not an easy entry
[09:31] {Threei} anyone got it?
[09:32] {hawkfan4} nope
[09:32] {dino} need coffee
[09:32] {fernp} no here
[09:32] {Threei} FRE 8.80 support
[09:33] {Threei} take scalp if got it
[09:33] {tomg} got leh and fre, ty vad
[09:33] {Threei} wow tom, you have amazing reflexes
[09:33] {tomg} nah
[09:33] {tomg} play 3d pinball at nite :)
[09:34] {Threei} lol
[09:34] {hawkfan4} nice vad, got .25 on fre, thx
[09:34] {Threei} :)
[09:35] {Threei} LEH one more leg down for entry
[09:35] {Threei} somewhere under .50 I think
[09:36] {magoo} lil deep?
[09:36] {Threei} in
[09:36] {Threei} stop under 18
[09:36] {magoo} in .25
[09:38] {peterg} in .15
[09:39] {Threei} out .60
[09:40] {Threei} a bit too nervous move
[09:40] {hawkfan4} out .55, nice
[09:40] {kazaam} very nice
[09:40] {magoo} missed exit
[09:40] {kazaam} i take it you guys have been having a good week?
[09:40] {Threei} very kaz
[09:40] {magoo} was out .74
[09:41] {peterg} system froze; got out for a dime
[09:41] {Threei} aww
[09:42] {peterg} yep
[09:42] {Threei} sorry peter... hooked great entry
[09:42] {Threei} beat mine by 3 cents
[09:42] {Threei} FRE, if sells fast into 8.20
[09:43] {Threei} maybe wishful thinking
[09:43] {Threei} but let's see
[09:43] {Threei} 8.40 is support too but something tells me it's not going to hol
[09:44] {Threei} "something" was right
[09:45] {Threei} not sure it can go as far as 8.20
[09:45] {dino} ostk
[09:45] {Threei} but glad I didn't take 8.40, struggling here
[09:45] {Threei} if it goes from here so be it
[09:45] {Threei} FNM
[09:46] {Threei} .50 closest support
[09:46] {Threei} in, stop .39
[09:47] {Threei} trailing to .49 if takes .65
[09:47] {Threei} trailed
[09:49] {Threei} maybe getting greedy, but heck... my risk is about 10 cents here
[09:49] {magoo} i dont wanna miss this exoit..where u thinking?
[09:50] {Threei} between .80 and .90 most likely
[09:50] {dino} risky sm v l .15
[09:50] {dino} stop lod
[09:50] {Threei} out
[09:51] {Threei} sharp market downtick
[09:51] {Threei} don't want top get caught
[09:51] {Threei} srtill looks good but it's friday
[09:51] {Threei} taking easy money
[09:52] {Threei} lol, tell longer term traders and investors that we call FRE/FNM/LEH etc easy money
[09:52] {magoo} ogk, out fnm.91
[09:52] {peterg} out at .84, =.18; left too soon maybe
[09:52] {magoo} fre.67 and lucky on leh .54
[09:52] {peterg} nice magoo
[09:52] {magoo} a lil luck nice sometimes up good..cant begin to calculate
[09:53] {dino} luck is half the game
[09:53] {Threei} I don't care what Raven says... I 've NEVER seen summer trading that active, readable and consistently profitable
[09:55] {pita} got sm piece of LEH and FRE -- TY Vad
[09:55] {dino} v stopped
[09:55] {Threei} welcome pita :)
[09:58] {magoo} dont jinx it vad
[09:58] {Threei} well, I still think we are to see some slowdown in August
[09:58] {Threei} but most likely not aas severe as usual
[09:59] {Threei} too much is going on
[09:59] {peterg} Sovereign wealth funds, Dark Pools
[09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[09:59] {Threei} dark pools - I don't know what the fuss is about
[10:00] {Threei} I don't see it as something significant
[10:00] {peterg} nice place for fear to locate
[10:01] {peterg} 92.3% of news is fear
[10:01] {magoo} [09:59] {Threei} and the scale of happenings is way too big for the markets to just go on vacation
[10:01] {peterg} echo?
[10:02] {dino} i agree vad, this summer is nuts
[10:02] {magoo} a trader this morn on cnbc said normally be at hamptons already for weekend...but to much happening
[10:02] {dino} black swan circling
[10:02] {peterg} yes, and the scale of happenings is way to big for the markets just to go on vaction.
[10:02] {Threei} lol peter
[10:03] {dino} no matter peter, because i am, end of next week, sunset beach, nc, mid. aug. jamaica
[10:03] {peterg} sounds good
[10:03] {dino} indeed
[10:03] {dino} much needed mind erasing
[10:03] {peterg} fond memories of jamacai, weeds, drinx etc
[10:04] {dino} my 5th time going there, this time taking kids
[10:04] {peterg} go be rasta wif spliff
[10:04] {Threei} my mind erasing will happen in Alaska
[10:04] {magoo} btw, i will be out all next weekend...my boy is going to mx camp annd i have to be there..mechanac and mentor capacity..he is only 9
[10:04] {dino} cruise tour, you will love it
[10:04] {Threei} booked that heli tour you mentioned dino
[10:04] {Threei} 4 glaciers adventure, right?
[10:05] {GeoArb} have fun guys..... my parents visiting all aug/sep and in laws oct/nov
[10:05] {dino} awesome
[10:05] {GeoArb} dunno if its :) or :(
[10:05] {peterg} sum of each
[10:05] {Threei} lol... take care geo
[10:05] {Threei} also, train to White Pass in Skagway
[10:05] {magoo} vad, book the white water raft tour also
[10:05] {peterg} say chaps, where is there some money to be made?
[10:06] {magoo} real fun
[10:06] {dino} we took the train to denaili, took about 8 hours, but really fun
[10:06] {peterg} $$$$
[10:06] {dino} dog sleds, gold mining, etc
[10:06] {magoo} teach u to row together across glacier lake..stop on river island for booze
[10:07] {magoo} we did alaskan cruise as a honeymopon
[10:07] {dino} peter i think ostk off of .25 l
[10:07] {Threei} not sure I still have room for more tours... but will look into it, thanks for the tip
[10:07] {dino} also watching cetv
[10:07] {magoo} oh, i did train ride in skagway, real cool
[10:08] {dino} i fondly remember the ship selling buckets of becks'
[10:08] {GeoArb} lol
[10:08] {GeoArb} thtats the memory?
[10:08] {magoo} i liked the ship casino..no kiding..i luv roulette wheel
[10:08] {dino} cetv l sm .90, wide, wild moves
[10:09] {peterg} watching--little scary
[10:09] {Threei} for some reason I am totally cold to casinos
[10:09] {Threei} 3 times in Vegas, no single game, can you imagine
[10:09] {Threei} SGLP recovery or what
[10:10] {magoo} you'll only find magoo at the wheel with drink in hand..hate the blackjack tables
[10:10] {dino} same here 3i, casinos feel like work to me
[10:10] {Threei} boring work at that
[10:11] {cosmo} i like the archaeology in that area
[10:11] {peterg} Pacinko parlours in japan
[10:11] {cosmo} paleo too
[10:12] {dino} i like the bikini clad women by the ships' pool
[10:12] {Threei} SQNM
[10:12] {GeoArb} i am with magoo on that
[10:12] {kazaam} ibm l .43
[10:12] {GeoArb} live more fun
[10:12] {Threei} small shares long on pullback to .60, stop under .40 and hold for something good as magoo says
[10:14] {Threei} first strength from here
[10:14] {magoo} in .57
[10:15] {dino} sglp spike
[10:15] {Threei} MER
[10:15] {Threei} 38 break long half lot
[10:16] {Threei} 30, sorry
[10:16] {Threei} stop under 29.80
[10:16] {dino} v last try .00 l
[10:17] {magoo} in mer .05
[10:17] {dino} pete was right ostk
[10:17] {magoo} was fast
[10:17] {Threei} SQNM slowly trying
[10:18] {Threei} with any help it's capable of really strong runs
[10:18] {kazaam} stupid chart not updating on sqnm, I will just have to pretend I got in with you guys on SQNM
[10:18] {magoo} tough mkt for help tho boss
[10:18] {Threei} stop is small enough to try and give it a chance
[10:20] {magoo} stalking RIMM
[10:20] {magoo} if IF mkt can bounce..nice long ..risky not in
[10:20] {Threei} kazaam, look dcc please
[10:21] {magoo} how come i never get a "magoo look dcc?"
[10:21] {Threei} OK... magoo, look dcc (just keep in mind there is none)
[10:21] {peterg} tks dino, absorbed in SQNM
[10:21] {magoo} shit, i went there he he
[10:21] {Threei} gotcha!'
[10:22] {magoo} :)
[10:22] {Threei} SQNM tries the high again even as market retreats
[10:22] {Threei} it's volatile one
[10:23] {Threei} that's why I wanted small shares - it acts similarly to days when it posts big gains so I want to be able to hold through it's swings
[10:24] {magoo} l rimm small .90
[10:24] {Threei} MER stop to .85
[10:27] {dptl} stop under .60 now sqnm?
[10:28] {Threei} I'd move it after new high is made
[10:28] {dptl} ok ty
[10:28] {Threei} and pad it a bit, do not overtighten
[10:29] {Threei} I mean under .60 doesn't mean .59 in SQNM's case
[10:31] {Threei} no worky MER
[10:34] {kazaam} maybe MER break of 30.18?
[10:34] {magoo} l aapl here super small
[10:35] {Threei} only is some activity returns, it loses life
[10:35] {Threei} maybe Fridfay effect, maybe something else
[10:37] {magoo} in aapl .24
[10:37] {magoo} stop .90
[10:38] {Threei} FRE
[10:38] {Threei} REPORTEDLY PLANS TO SELL $1B 3 MONTH, $1B IN 6 MONTH AND $1B IN 12 MONTH BILLS JULY 21 SCHEDULED TO SETTLE 22
[10:38] {Threei} market tripped of something again
[10:39] {magoo} stopped aapl
[10:39] {Chaeron} good morning everyone
[10:39] {magoo} sigh
[10:39] {dino} that was me
[10:39] {Threei} chaeron :)
[10:39] {Chaeron} nice to see you too magoo :)
[10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:40] {Threei} I don't know why I post it
[10:40] {dino} post what
[10:40] {peterg} because your car is made in china
[10:40] {Threei} [10:39] {Threei} WTO RULING IN FAVOR OF US OVER CHINA ON AUTO PARTS CASE
[10:41] {peterg} btw, the US emerged victorious in the glorious struggle against the capitalist roaders of China.
[10:41] {dino} busting you
[10:41] {dino} algt sm s .65, stop .10
[10:45] {dino} dmnd
[10:47] {magoo} man vad FNM
[10:49] {dino} algt stopped .00 -.35
[10:51] {Threei} I don't see news that rocketed financials
[10:54] {hawkfan4} me either, wild
[11:06] {dino} out v .55 +.55
[11:08] {dino} ipcc
[11:09] {dino} missed
[11:11] {dino} fwlt sm l .10
[11:11] {dino} stop lod
[11:11] {Threei} WHITE HOUSE: A GOAL FOR A "GENERAL TIME HORIZON' HAS REPORTEDLY BEEN REACHED BY IRAQ AND THE US ON POTENTIAL TROOP WITHDRAWALS
[11:13] {dino} lets see, usa will pay iran, iran will take money, iran will then say no
[11:13] {dino} opps read that as iran
[11:14] {dino} in any case, thats next week on nukes
[11:14] {magoo} ok, have errand, be back hour
06[11:14] * Threei kicks SQNM in the rear with heavy duty army boots
[11:15] {Threei} we will pretend we miss you magooski
[11:15] {pita} day job calling - thanks for positive day!
[11:15] {Threei} wtg pita
[11:16] {Threei} FNM another round
[11:16] {Chaeron} bye pita... hurry back magoo
[11:16] {Threei} good job pretending chaeron
[11:16] {Chaeron} yeah... I thought it was worth a shot
[11:17] {Threei} it was... sorry for spoiling your effort by accidcenatlly pasting to magoo your private message to me "Close the door FAST while he is out"
[11:18] {Threei} FRE .86 very risky long trigger
[11:19] {Threei} SQNM new high finally
[11:21] {dptl} you still in?
[11:22] {Threei} SQNM? of course
[11:22] {Threei} FRE my stop .65
[11:22] {dptl} ok
[11:24] {dptl} offering .97 sqnm
[11:24] {GeoArb} done for the day.......VTR was my vehicle today
[11:24] {GeoArb} thanks all
[11:25] {Threei} take care Geo... you really need to start sharing your vehicles
[11:25] {GeoArb} simple pattern.... JBE on yesterday's high
[11:25] {GeoArb} vad i even mentioed the setup
[11:25] {GeoArb} "the basterdized version"
[11:25] {Threei} sorry, I must have slept through it
[11:25] {GeoArb} emailing you the config now
[11:26] {dptl} so...stop under .60 now..since its made new high?
[11:26] {Threei} yes, .55 for me
[11:26] {dptl} ok ty
[11:29] {GeoArb} emailed vad.....
[11:29] {Threei} ty
[11:32] {GeoArb} if this keeps up.... i might be able to go on vacations like you guys !
[11:35] {GeoArb} hmmm no humor
[11:35] {Threei} what else is new
[11:35] {GeoArb} guess these guys like vads humor OOOOOOO
[11:36] {Threei} that tells you something, doesn't it
[11:37] {GeoArb} what do you think of the scan vad?
[11:37] {GeoArb} i combined 2 of yours
[11:37] {Threei} gosh, let me observe it for a few :)
[11:37] {GeoArb} i meant the parameters
[11:38] {Threei} want to watch alerts first
[11:38] {Threei} to get an idea of what it hunts for, then reviews parameters
[11:38] {GeoArb} i switch between new high ve new resistence alerts
[11:38] {GeoArb} depending on how man i want
[11:38] {GeoArb} many
[11:41] {dino} v sm l skf .75
[11:41] {GeoArb} he he skf :)
[11:41] {GeoArb} dino can your platform short skf?
[11:42] {GeoArb} i almost never get shorts permission
[11:42] {kazaam} most etfs are not shortable
[11:42] {dino} no geo
[11:42] {GeoArb} why? i wonder
[11:43] {GeoArb} i guess i could go long uyg
[11:43] {dino} things that are bigger than i understand i guess
[11:43] {GeoArb} but not enough oomph
[11:44] {Threei} US SEC OF STATE RICE REPORTEDLY ACKNOWLEDGES THE US POLICY SHIFT ON IRAN WITH ITS DECISION TO SEND A SENIOR ENVOY TO GENEVA FOR THE NUCLEAR TALKS THIS WEEKED
[11:44] {dino} wow, i'm an oracle
[11:45] {GeoArb} we will hold hands and sing songs
[11:45] {dino} my earlier rant about iran
[11:46] {GeoArb} i have lived in middle east for about 20 years
[11:46] {GeoArb} and its not pretty and thats an understatement
[11:49] {dino} one place i will never go to
[11:50] {GeoArb} egypt and jordan and turkey have some amazing architecture though
[11:51] {GeoArb} wierd choppy day
[11:51] {patience} options expiry and weirded out market
[11:52] {GeoArb} off to day job to work for mortgage.... happy trading all
[11:53] {dino} cya geo
[11:57] {dino} out skf .25, +1.50
[11:58] {kazaam} nice one
[11:58] {patience} major envy dino, nice trading
[11:59] {dino} ty
[11:59] {dino} small size patience
[11:59] {dino} it moves a buck fast, so entries tough
[12:01] {kazaam} dino, what made you think long on skf? i reason i ask is i could only see short
[12:03] {dino} dji strated to drop, financials are heavy weight in dji. thats it
[12:03] {dino} i try not to think too much
[12:04] {dino} pull up 5 day dji, 5 day skf
[12:04] {dptl} more and more i see its always work ....not thinking:)
[12:05] {dino} took me years to
[12:05] {dino} "get" that
[12:05] {dptl} :)
[12:05] {dino} the less i know the better i trade
[12:06] {peterg} trade what you see not what you think
[12:06] {kazaam} thanks for your perspective dino, yeah i replaced thinking with eating
[12:07] {peterg} good plan
[12:07] {dino} lol kaz, and yes pete
[12:07] {dptl} or drinking
[12:07] {dino} keep it simple, right vad
[12:08] {Threei} even that is too complicated for me
[12:08] {dino} ipcc feels one more fast drop then bounce
[12:13] {peterg} in at .12
[12:17] {dino} ipcc?
[12:17] {peterg} yes shd v waited for a bit but well see
[12:18] {dino} keep you stop, doesn't matter then
[12:18] {peterg} finger on trigger
[12:18] {dino} you want to know where i'm bidding it? you'll laugh
[12:18] {peterg} id love a laugh
[12:19] {dino} 41.30
[12:19] {peterg} make my day
[12:19] {dino} back in 30 wife to lunch
[12:20] {dino} i will leave the bid there
[12:22] {peterg} lunch & fear got me out -.04
[12:23] {peterg} just in time
[12:28] {magoo} magoo back in-da-house
[12:29] {Threei} uh oh
[12:29] {Threei} sorry chaeron... I forgot to lock the door
[12:30] {Chaeron} *sigh*
[12:32] {magoo} well???
[12:32] {Chaeron} oh, sorry... Great to see you again Magoo!
[12:33] {magoo} no..was waiting to hear about all the great trades i missed
[12:35] {Chaeron} hmmmm... let's see... there was the triple-sized RIMM long off 109.55 out 110.46
[12:36] {Chaeron} then the short of AAPL on break of 167 - cover at 166.35... more?
[12:37] {magoo} wow..new it
[12:38] {laserdave1} ibm interesting
[12:38] {laserdave1} only .30 away from high
[12:38] {laserdave1} dangerous though
[12:39] {laserdave1} no pos will look at it if it takes a run at high
[12:40] {dptl} stopped sqnm
[12:44] {magoo} aapl looks good here
[12:45] {magoo} thats .50 cents
[12:47] {laserdave1} hey mags whats up
[12:47] {laserdave1} with your other good friend there
[12:47] {magoo} lazer
[12:47] {laserdave1} RIMM
[12:48] {laserdave1} its strong again
[12:48] {laserdave1} not in it
[12:48] {magoo} like aapl as bouncer better if IF mkt bounces
[12:48] {laserdave1} market hovering on support
[12:49] {magoo} feels up
[12:49] {magoo} mkt that is
[12:50] {Threei} I am feelingless
[12:50] {Threei} let's rely on your feel
[12:50] {magoo} and mean spirited too
[12:50] {Threei} mine took early weekend
[12:50] {Threei} oh, mean-spirited I am always
[12:51] {magoo} especially towards magoo ive noticed
[12:51] {Threei} actually no... it's universal...
[12:52] {Threei} I just enjoy expressing it openly toward magoo morfe than toward others {G}
[12:53] {magoo} oh..so then....i special
[12:53] {Threei} but of course
[13:03] {laserdave1} GOOG
[13:03] {laserdave1} extreme danger
[13:06] {magoo} afterhrs low was 470
[13:07] {magoo} vad..news AAPL?
[13:08] {dino} pete, ugh, ipcc would\'ve worked for you
[13:08] {Threei} no mags
[13:15] {magoo} read on AAPL vad
[13:15] {Threei} pullback to 166 is where I would try
[13:16] {laserdave1} mags dcc
[13:25] {laserdave1} peter dcc
[13:26] {Threei} dave is on dcc spree
[13:27] {kazaam} hurrrmph, SII
[13:27] {kazaam} darn
[13:28] {Threei} FRE
[13:28] {Threei} SEC HAS APPROVED SHARE REGISTRATION; CLEARS WAY TO RAISE FRESH CAPITAL
[13:28] {Threei} - Spokesman says there is no immediate need to raise fresh capital
[13:28] {Threei} - Updated their internal controls and financial reporting processes and is now an SEC registrant and reporting company
[13:29] {dino} apei
[13:30] {dino} too gast
[13:31] {Threei} itching to short WM
[13:33] {magoo} RIMM vad..unreal
[13:34] {Threei} oullback worth a try... with any market help should give about 50 cents easily
[13:38] {dino} sm l v .00
[13:41] {Threei} short WM .90
[13:41] {Threei} 6.01 stop
[13:46] {Threei} LEH feels like preparing for a jump
[13:47] {magoo} whats the call boss?
[13:47] {Threei} pullback would be great
[13:47] {Threei} .35-.40 area
[13:47] {Threei} not sure about break
[13:49] {Threei} overall, has this look about it
[13:49] {Threei} like retesting 20
[13:49] {Threei} WM 1:1
[13:49] {laserdave1} Wm where is exit Vad
[13:49] {laserdave1} ?
[13:50] {Threei} has a lot of downside... try to cover half on the next leg down, around .75 or so and ride the rest
[13:50] {laserdave1} ok
[13:51] {Threei} OFHEO: NOTES THAT IN REGARDS TO THE FILING BY FRE THIS MORNING, THE AGENCY IS 'PLEASED'
[13:51] {Threei} {FRE FNM}
[13:51] {Threei} here it is
[13:51] {kazaam} why short on WM vad? because of daily resistance?
[13:51] {Threei} double top on 1 min
[13:51] {Threei} daily resistance
[13:51] {Threei} dog with fleas
[13:52] {Threei} a lot of reasons :)
[13:53] {fernp} good one Vad. TY
[13:53] {Threei} :)
[13:53] {dino} iclr hmmm
[13:57] {laserdave1} nice call WM Vad
[13:57] {laserdave1} I like yes
[13:57] {Threei} :)
[13:58] {laserdave1} keep goinggggggggggg
[13:59] {laserdave1} had to take profits
[13:59] {laserdave1} needed that one
[13:59] {laserdave1} ty
[13:59] {Threei} welcome
[13:59] {laserdave1} it was awesome for a 5$ stock
[13:59] {jmb} thanks Vad
[13:59] {Threei} jmb :)
[14:01] {laserdave1} market might roll
[14:01] {laserdave1} wow
[14:01] {laserdave1} so tight
[14:01] {Threei} in LEH, .25 stop
[14:02] {dino} sm l iclr .00
[14:03] {Threei} half out .53
[14:03] {Threei} +.18
[14:03] {Threei} stop .29
[14:05] {magoo} vad..ironic...revshark on realmoney says "slow summer action"
[14:05] {magoo} he he
[14:06] {Threei} we must be on different planets
[14:06] {Chaeron} TokyoJoe says..... heheheh
[14:07] {laserdave1} if .75 lets go
[14:07] {laserdave1} iwill short em at .74
[14:07] {magoo} i know..u saying never seen it this hectic
[14:07] {magoo} wha thew
[14:07] {laserdave1} haha gone as im typing
[14:07] {laserdave1} now back
[14:08] {laserdave1} ok im short
[14:08] {laserdave1} stop .80 for me
[14:10] {magoo} mit grupen un fuerer
[14:10] {laserdave1} any call on market Vad?
[14:11] {laserdave1} what a tight range
[14:11] {Threei} feeling is,
[14:11] {Threei} ramp up
[14:11] {Threei} violent
[14:12] {laserdave1} ok thanks
[14:12] {kazaam} violent sounds good
[14:12] {cosmo} not just one of those lazy summer afternoons?
[14:12] {Threei} nope
[14:12] {cosmo} on a fri?
[14:12] {Threei} nope
[14:13] {Threei} a few shakes, then explosive move up
[14:13] {cosmo} hmm...full moon got ya?
[14:13] {Chaeron} choice?
[14:14] {Threei} LEH
[14:14] {laserdave1} out wm
[14:14] {Chaeron} shoot I miss?
[14:15] {laserdave1} wm i stoppe dout of short
[14:15] {Threei} shakeouts are not over yet probably
[14:15] {laserdave1} market is real whippy in this range
[14:15] {magoo} u in LEH vad?
[14:16] {laserdave1} fake one way then next
[14:16] {Threei} half
[14:16] {magoo} what entry?
[14:16] {Threei} sold first half earlier and posted
[14:16] {Threei} .35
[14:16] {Threei} [14:03] {Threei} half out .53
[14:16] {Threei} [14:03] {Threei} +.18
[14:17] {magoo} ok
[14:17] {dino} risky, sm l apei .79
[14:19] {Threei} ok NQ, it's time
[14:20] {Chaeron} too late for entry LEH?
[14:20] {Threei} no
[14:20] {Threei} .33 was besutiful entry
[14:24] {Threei} come on market... while we are young
[14:26] {kazaam} yep yep, where are you steel boots?
[14:26] {kazaam} that might make it angry
[14:26] {Threei} frikin oil spikingh
[14:27] {Threei} stiopped
[14:28] {Threei} looking for better entry
[14:33] {dino} apei stopped
[14:33] {dino} spinning my wheels
[14:33] {dino} pins and needles, needles and pins......
[14:41] {Threei} really long stall
[14:41] {dino} no old honeymooners fans i see
[14:43] {Threei} need USO to lose 104 probably to give a spark to market
[14:47] {peterg} missed all the action--dr. will fix my knee for ten grand
[14:47] {peterg} lower bids, anyone?
[14:47] {Threei} I can do it for free but my tools are limited to sledgehammer
[14:48] {peterg} you have skill with sledge
[14:48] {dino} iclr stop to .47
[14:48] {dino} vad will make your good knee look like your bad one
[14:49] {peterg} then ill be knock-kneed
[14:49] {Threei} actually... I make a kneee to look like there is no knee
[14:50] {Threei} oh good
[14:50] {Threei} FEDS STERN IS WORRIED ABOUT THE PROSPECTS OF INFLATION
[14:50] {Threei} you don't say
[14:50] {cosmo} oh
[14:52] {Threei} ZION
[14:52] {Threei} DECLARES REGULAR DIVIDEND OF $0.43
[14:52] {Threei} - The dividend is payable August 20, 2008 to shareholders of record on August 6, 2008.
[14:53] {Threei} FED CAN NOT WAIT FOR THE END OF A CRISIS TO INCREASE RATES, SEES SIMILIARITES BETWEEN CREDIT CRUNCH NOW AND EARLY 90S
[14:53] {Threei} - Stern remarks that the Fed is in good position to handle downside risks to growth
[14:57] {dino} stopped iclr .50, +.50
[14:58] {magoo} markets crazy here
[15:02] {Chaeron} LEH here?
[15:03] {Threei} market recovers but LEH is still waiting for something
[15:03] {Threei} not sure
[15:06] {dino} nue sm l .75 stop lod
[15:10] {Threei} FNM .75 worth a try long
[15:12] {Threei} anyone got it or too fast?
[15:12] {magoo} missed but beauty vad
[15:12] {Threei} ticked as I typed
[15:12] {Threei} missed LEH
[15:12] {Threei} looks like rally time finally came, but one more pullback is likely
[15:12] {dino} v stop to .40
[15:13] {dino} out +.40
[15:14] {Threei} wtg
[15:14] {peterg} out LEH at .07, + 22
[15:14] {Threei} good one peter
[15:14] {dino} gj peter
[15:14] {peterg} gotta learn to wait;
[15:15] {peterg} thks esp chaeron for suggestion
[15:16] {dino} i don't know about waiting, seems i'm giving back a lot of scalps lately, because of greed
[15:16] {peterg} I think I leave early cz of fear
[15:16] {peterg} often
[15:16] {peterg} workn on it
[15:21] {laserdave1} dcc please Peter
[15:22] {Threei} SEC CONFIRMS EXEMPTION OF MARKET MAKERS FROM 'NAKED SHORT' SALE RULE, ORDERS CAN BE PLACED WITHOUT DELAY
[15:24] {cosmo} sqnm
[15:25] {cosmo} gonna b/o
[15:25] {Threei} RIMM, sheesh
[15:25] {peterg} back off?
[15:25] {cosmo} break out
[15:25] {peterg} b/o
[15:25] {peterg} tks
[15:25] {cosmo} not so soon
[15:34] {Threei} CFTC REPORTEDLY RECLASSIFYING CERTAIN ENERGY TRADER POSITIONS
[15:35] {cosmo} to the financials?
[15:38] {cosmo} we could have a 'watt' based currency
[15:44] {hawkfan4} headed out, have a great weekend all, nice week. thx vad
[15:44] {Threei} take care hawk, wtg
[15:45] {hawkfan4} :) cya
[15:45] {Threei} FDIC'S BEAR SAYS INSURANCE FUND IS "QUITE ADEQUATE" TO HANDLE BANK FAILURES
[15:46] {Chaeron} More confincing if his name was Bull
[15:46] {cosmo} and his last name?
[15:46] {Chaeron} :)
[15:47] {Threei} yeah... what kind of name is it to give siundbites to a market
[15:49] {kazaam} have a good weekend yall
[15:49] {kazaam} cya
[15:49] {Threei} take care kaz
[15:49] {magoo} c u kaz
[15:50] {Threei} quite nice ramp up into closee
[15:51] {magoo} u called it...thats why sometimes i ask u what u feeling?
[15:51] {Threei} look FNM
[15:52] {laserdave1} just shorted WM
[15:52] {laserdave1} stop at 6.01
[15:54] {peterg} short RIMM at .78
[15:56] {peterg} out .55 +23
[15:56] {Threei} nice scalping footwork
[15:57] {peterg} shudda stayed longer but didn't want to spend weekend with RIMM
[15:58] {dino} gj
[15:58] {peterg} tks; how close to bell can you sell?
[15:59] {Threei} slow summer action eh?
[15:59] {magoo} vad, remember to enjoy next week..i rarely take off
[15:59] {Threei} only if you are watching BXMNF I suppose
[15:59] {Threei} you are off next week?
[15:59] {magoo} yes, whole week
[16:00] {Threei} have fun
[16:00] {dino} slacker
[16:00] {Threei} we will be here when you are back
[16:00] {Threei} wait don't leave yet
06[16:00] * Threei slaps magoo around a bit with a large trout
[16:00] {Threei} now you can leave
[16:00] {Threei} thank you all, have a great weekend
[16:00] {Threei} see you on Monday
[16:01] {peterg} thanks group! See you Monday
[16:01] {magoo} TY boss
[16:01] {magoo} ty all
[16:01] {peterg} bye Mags have fun
[16:01] {magoo} trade well without magoo:)
[16:01] {peterg} it wont be the same
[16:01] {magoo} chaer, taking son to mx camp whole week
[16:02] {Chaeron} whos???
[16:02] {magoo} tony d
[16:02] {dptl} have a good weekend all:)
[16:02] {Chaeron} Great!! DiStefano!
[16:04] {Chaeron} take pics man...
[16:05] {Chaeron} bring me home some pointers too
[16:06] {judijim} be back Monday, bye for today
[16:07] {magoo} by jj.. u got it chaer
[16:08] {Chaeron} have fun Magoo
Thursday, July 17, 2008
Jul 17 2008
Session Time: Thu Jul 17 00:00:00 2008
[08:28] {cosmo} EBAY misses...
[08:30] {Threei} NITIAL JOBLESS CLAIMS:: 366K V 380KE
[08:30] {Threei} CONTINUING CLAIMS: 3.166M V 3.180ME
[08:30] {Threei} JUN HOUSING STARTS: 1.07M V 960KE; BUILDING PERMITS: 1.09M V 965KE
[08:34] {cosmo} EBAY: eBay's Q2 was in line with expectations, but Q3 guidance is weak, and will disappoint; shares are down 6% after hours. Sales increased 20% year-over-year, and net income jumped 22%, aided by share buybacks.
[08:35] {cosmo} off 11% now
[08:35] {Threei} you'd think in wseakening economy Ebay should benefit
[08:36] {cosmo} hmmm
[08:36] {Threei} The Financial Times noted overnight that some government funds have cut their USD exposure.
[08:36] {Threei} that's interesting
[08:37] {Threei} if they cut it someone's increased it, right?
[08:40] {cosmo} ...or will increase at some point
[08:40] {cosmo} tipping point...
[08:41] {Threei} if something is sold... someone bought it
[08:42] {cosmo} sigh...this is deep
[08:43] {Threei} yes for the morning - but I come up with this stuff in the evening and write it down
[08:43] {cosmo} does it wake you at 3 AM?
[08:43] {Threei} nothing can
[08:44] {cosmo} ah...good
[09:00] {fernp} Good Morning
[09:00] {Threei} fern :)
[09:03] {magoo} njfhyjrhjynmghfjyfh
[09:03] {Threei} mgkdjotiercnks?
[09:05] {magoo} sheesh, jobless claims lower, housing starts higher, all good again lol
[09:05] {Threei} yup... what crisis?
[09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[09:05] {Threei} umm... correction: worlkd is going to start ending
[09:09] {hawkfan4} good morning
[09:09] {Threei} hawk :)
[09:12] {cosmo} VCLK
[09:14] {cosmo} # ValueClick cuts forecasts due to weak economyAP(Thu 9:07am)
[09:18] {judijim} good morning everyone
[09:21] {Threei} jj :)
[09:26] {dino} gm all
[09:28] {Threei} dino :)
[09:28] {peterg} gm all
[09:28] {Threei} peter :)
[09:29] {pita} gm all
[09:29] {Threei} pita :)
[09:29] {magoo} jj, pita, peter:)
[09:29] {Threei} looking at the last lines, I feel like a doorman {G}
[09:30] {peterg} and a good one, too hi mags
[09:30] {Threei} lol
[09:31] {Threei} huge spike ZION
[09:31] {dino} nue looks pretty good, crusjing it tho
[09:32] {Threei} UAUA 4.65 long if stays above 4.50
[09:33] {dino} earnings after close zion
[09:33] {Threei} all banks are rocking
[09:34] {Threei} looking for pullback LEH
[09:34] {Threei} probably JPM can help with timing
[09:35] {Threei} FRE
[09:35] {Threei} FOLLOW UP: CENTRAL BANKS PURCHASED 57% OF NEW $3B 2-YEAR ISSUE
[09:36] {Threei} no pullback
[09:36] {dino} shoo
[09:36] {Threei} LEH .50 break risky long
[09:36] {Threei} half lot
[09:36] {dino} damn, can't borrow
[09:36] {Threei} if stays above .30
[09:37] {Threei} ok JPM pulling back finally
[09:37] {dino} zion too, unavail
[09:37] {dino} squeezes?
[09:37] {Threei} not LEH though
[09:37] {magoo} in
[09:37] {Threei} over 1:1
[09:37] {Threei} and aiing for 19
[09:37] {Threei} aiming
[09:37] {magoo} out .89 TY
[09:38] {Threei} out .96
[09:38] {Threei} welcome sir
[09:38] {magoo} aapl 175 coming RISKI in
[09:39] {Threei} if we get lucky to have pullback closer to 18.50 LEH, entry level
[09:39] {magoo} ok
[09:42] {magoo} here comes aapl
[09:43] {Threei} here comes everything
[09:44] {Threei} FRE 8.60 long
[09:44] {Threei} .45 stop
[09:45] {Threei} 1:1 easy
[09:45] {Threei} half out .84
[09:45] {Threei} scalpers take profit
[09:46] {Threei} out in full 9.05
[09:47] {magoo} out .07 full TY
[09:47] {Threei} LEH aiming for 20 probably
[09:47] {Threei} not buying here though
[09:48] {Threei} USO spike may become a brake for now
[09:48] {peterg} out FRE at 9.05, tks
[09:48] {Threei} peter :)
[09:48] {peterg} still smokin
[09:48] {Threei} LEH over 20, lol
[09:49] {Threei} mama mia FRE
[09:49] {Threei} and FNM
[09:49] {Threei} here comes LEH drop
[09:49] {Threei} and what a drop it is
[09:50] {Threei} sheesh... there was a pause long enough to short FRE
[09:50] {Threei} why did I hesitate
[09:51] {peterg} because of Cox
[09:51] {Threei} bounce soon
[09:51] {peterg} no shorts on his ffiends
[09:51] {peterg} soon
[09:51] {Threei} available here
[09:52] {peterg} you mean only in U.S.?
[09:52] {Threei} it's broker-to broker specific
[09:53] {Threei} LEH, entry is coming
[09:53] {Threei} as close to 18 as possible
[09:53] {Threei} and keep it small
[09:53] {magoo} in .33
[09:54] {peterg} .39
[09:54] {Threei} .35
[09:54] {Threei} we covered whole range
[09:54] {Threei} out .73
[09:54] {magoo} out .79 lol
06[09:55] * Threei slaps magoo around a bit with a large trout
[09:55] {magoo} ty boss
[09:55] {peterg} out .76 tks
[09:55] {Threei} OK, let's take a small breather... what the heck was that? :)
[09:56] {Threei} gosh, I missed this kind of days
[09:56] {peterg} a tremor in the force
[09:56] {Threei} what a beautiful momo
[09:56] {magoo} mktsstill jittery vad
[09:56] {peterg} momo?
[09:56] {Threei} let's take a pause, market will be defining it's next move now
[09:56] {peterg} mama?
[09:57] {Threei} momo - traders speak for momentum
[09:57] {peterg} roger that
[09:57] {peterg} ok, off for hour.
[09:57] {peterg} have fun
[09:58] {Threei} :)
[09:58] {brian3579} first profitable week thank you vad
[09:58] {Threei} love to hear that brian
[09:59] {Threei} notice,
[09:59] {Threei} you start profitng at times when the world is hurting
[09:59] {brian3579} small but its a start
[09:59] {Threei} this is very significant
[09:59] {Threei} it means you are not a part of crowd anymore
[10:00] {Threei} you move to the smart money side
[10:00] {brian3579} your books and help and hard work mad the difference
[10:00] {brian3579} made
[10:00] {Threei} JULY PHILADELPHIA FED: -16.3 V -15E
[10:01] {Threei} difference is made by you... I provided the necessary resources but nothing works by itself
[10:01] {Threei} - Prices Paid: 75.6 v 69.3 prior (highest reading since 1980)
[10:02] {Threei} - Employment: -7.3 v -6.9 prior
[10:02] {dino} uso, oih rally
[10:02] {Threei} yeah... USO needs to come down again to provide fuel for market
[10:02] {Threei} as long as USO remains strong, it's a drag
[10:05] {Threei} I'd say, we picked exactly right moment to get on sideline
[10:06] {Threei} very tempted by LEH off 18
[10:06] {Threei} want to see market start recovering though
[10:06] {dino} dwsn sm wide l .00
[10:07] {magoo} pretty nasty selloff there
[10:07] {Threei} if I miss it, I always have dave to slap
06[10:07] * magoo slaps laserdave1 around a bit with a large trout
[10:07] {Threei} market is still selling
[10:08] {Threei} whoa USO
[10:08] {dino} oih +6
[10:16] {laserdave1} nice move down
[10:16] {laserdave1} wow
[10:16] {laserdave1} that was crazy
[10:17] {magoo} 100 sh long CME .19 VERY RISKY
[10:17] {Threei} anyone took LEH off 14?
[10:17] {magoo} was watching
[10:17] {magoo} missed
[10:17] {Threei} perfect hit on a support level just when market started rebounding
[10:18] {Threei} the only problem was,
[10:18] {Threei} it jumped off support so rapidly
[10:18] {Threei} you had to just take it on a blind faith that it would hold
[10:29] {dino} sglp
[10:31] {Threei} MF LIFTS GLOBAL GROWTH FORECAST TO 4.1% ROM 3.7% PRIOR
[10:31] {Threei} IMF
[10:31] {magoo} stopped CME -200 bux
[10:31] {magoo} this is discouraging action here
[10:32] {Threei} LEH becomes interesting again
[10:33] {magoo} in leh here .51
[10:34] {Threei} .48
[10:34] {Threei} beat ya this time
[10:34] {magoo} grrrr
[10:34] {Threei} out
[10:34] {Threei} .71
[10:35] {GeoArb} thanks all done for day....vad you can see my take on your setup in TXT
[10:36] {dino} sglp sm l .50
[10:36] {Threei} DBI?
[10:36] {GeoArb} with 1.5 times vol and below yesterday low
[10:36] {Threei} beauty
[10:36] {GeoArb} my spin
[10:37] {peterg} out LEH .85, +18
[10:37] {Threei} send me your configuration please
[10:37] {GeoArb} will email
[10:37] {Threei} ty
[10:37] {Threei} + .18 peter?
[10:37] {Threei} sounds like you chased it quite high
[10:37] {GeoArb} the first 15 mins i discard as garbage
[10:37] {peterg} this setup is too slow
[10:38] {peterg} my "free" software from fidelity
[10:38] {Threei} OK, this is pure danger
[10:38] {Threei} you will pay dearly for that free setup
[10:38] {peterg} too clunky to use, executions are good and timely, but the fooling around to set up the order is tedious and studpid
[10:39] {Threei} ask dave for demo
[10:39] {Threei} you'll be amazed by7 the difference
[10:40] {peterg} Dave Pelosi?
06[10:40] * Threei slaps laserdave1 around a bit with a large trout
[10:40] {Threei} this dave
[10:40] {peterg} Our dave
[10:40] {peterg} Hey dave, can I have a demo?
[10:40] {laserdave1} that can be arranged
[10:40] {laserdave1} i will dcc you
[10:41] {peterg} tks
[10:41] {laserdave1} np
[10:44] {magoo} naz red
[10:44] {Threei} [09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[10:44] {Threei} [09:05] {Threei} umm... correction: worlkd is going to start ending
[10:45] {magoo} u need to harness this poweer u have
[10:46] {Threei} it's easy
[10:46] {Threei} start drinking around 5 am, and you are golden
[10:47] {magoo} ok..already doing that :)
[10:47] {Chaeron} Dave - dcc please?
[10:48] {Chaeron} Good morning everyone
[10:48] {Threei} if it doesn't worek, double the dose
[10:48] {Threei} chaeron :)
[10:51] {dino} spwr sm l .60
[10:59] {dino} nue sm l .25
[11:00] {pita} later all. its been an interesting morning.....
[11:00] {magoo} bye
06[11:02] * Chaeron slaps laserdave1 around a bit with a large trout
[11:04] {Threei} take care pita
[11:16] {magoo} wake up vad...bouncing it seems
[11:17] {Threei} hard to tell...
[11:23] {Threei} .70 small shares short USO
[11:23] {Threei} .90 stop
[11:24] {Threei} that was fast
[11:24] {Threei} no chance for entry? or someone got it?
[11:25] {Threei} 1:2
[11:25] {magoo} missed
[11:26] {Threei} wow... not in a short list
[11:27] {Threei} but what a call
[11:27] {dino} any news sglp, may have to try it again
[11:27] {Threei} nope
[11:27] {GeoArb} why ot short oih?
[11:27] {dino} brutal
[11:28] {Threei} yeah, OIH is available
[11:28] {GeoArb} :)
[11:28] {Threei} I am getting interested too dino
[11:28] {Threei} probably one more flush
[11:29] {Threei} there we go
[11:29] {dino} think we just had it
[11:29] {Threei} looks like
[11:30] {dino} some really messed up moves this a.m.
[11:30] {peterg} what, now trend up?
[11:30] {dino} y
[11:30] {Threei} really can't tell peter
[11:31] {Threei} on market overall
[11:31] {dino} damn 2 bucks
[11:31] {peterg} Fidelity cant get me LEH for shorting unless I beg
[11:31] {peterg} not intending to
[11:32] {peterg} short or beg at moment
[11:32] {GeoArb} you trade at fidelity?
[11:32] {peterg} still, on their active trader pro platform
[11:32] {Threei} peter lives on the edge
[11:32] {peterg} streaming realtime etc level two
[11:33] {peterg} looking into alternatives.
[11:33] {GeoArb} i am sure vad can set him up
[11:33] {peterg} But so cheap as to be problematic
[11:33] {peterg} working on it geo
[11:33] {Threei} maybe second chance dino
[11:33] {GeoArb} laser dave DCC
[11:33] {GeoArb} pls
[11:34] {dino} waiting 13.40
[11:34] {Threei} too .83, out 15.45
[11:34] {Threei} took
[11:34] {Threei} .44 and .45
[11:36] {dino} 15?
[11:36] {Threei} 14.83 in, 15.44 out
[11:37] {dino} ok
[11:37] {Threei} new low is likely now
[11:37] {laserdave1} attention all laser users
[11:37] {laserdave1} ***********
[11:37] {Threei} uh oh
[11:37] {magoo} oh oh
[11:38] {laserdave1} they might have to shut down laser for 3 minutes
[11:38] {magoo} crap
[11:38] {laserdave1} just giving you a heads up
[11:38] {magoo} i got 3 positions
[11:38] {Threei} we are to be electrocuted if we make profit
[11:38] {magoo} when??
[11:39] {laserdave1} trying \to find more info now
[11:39] {magoo} ok
[11:40] {GeoArb} no dcc laserdave?
[11:40] {GeoArb} sniff sniff
[11:40] {Threei} 11:40:26 ADMIN7 --} (All): System shutting down for EMERGENCY maintenance for 2-3 mins!!!
[11:40] {magoo} CRAPPPPPPPPP
[11:41] {Threei} 11:40:43 ADMIN7 --} (All): This will happen in 5 mins!!!
[11:41] {laserdave1} 5 minutes and then we go down
[11:41] {laserdave1} we go down for 2 to 3 minutes
[11:41] {laserdave1} be prepared
[11:41] {Threei} will reconnect itself or we have to shut down and log in again?
[11:42] {laserdave1} i think u will have to log in again
[11:42] {Threei} 11:45 is shutdown time
[11:42] {dino} out spwr .91, +1.30
[11:43] {Threei} btw... first time in a looong while gas price came down yesterday
[11:43] {magoo} OK OUT
[11:44] {patience} also been a long long time since laser was down during prime trading hours
[11:45] {laserdave1} so rare for something like this
06[11:45] * magoo slaps patience around a bit with a large trout
[11:45] {patience} good morning magoo :)
[11:45] {magoo} we be down
[11:46] {Chaeron} it's my fault :)
[11:46] {Threei} quotes are still up, executor is out
[11:46] {patience} i'm in a trade shorting crude oil, vad please whack it and make it drop further
[11:46] {Threei} no executions... criminals run free
[11:46] {peterg} my fault; I expressed interest in laser
[11:46] {Threei} whacking as we speak
[11:46] {Threei} rofl peter
[11:46] {patience} ty
[11:47] {Threei} USO will lose 108 in a jiffy
[11:47] {patience} much obliged
[11:47] {GeoArb} laser is probably one of the most stabe out there
[11:47] {GeoArb} and i have shopped around
[11:47] {patience} i'm having a hard time remembering when it was actually unavailable
[11:47] {Threei} once when they had big flood in NY I remember
[11:47] {Chaeron} stable for years here and best execution period
[11:47] {Threei} and they had to switch to alternative energy supply
06[11:48] * magoo slaps peterg around a bit with a large trout
[11:48] {Chaeron} hamsters on wheels?
[11:48] {peterg} sorry
[11:48] {Threei} yes chaeron
[11:48] {Threei} those were well fed hamsters
[11:48] {laserdave1} log in everyone
[11:48] {Threei} run like crazy
[11:48] {laserdave1} i think were good now
[11:48] {laserdave1} im in
[11:48] {magoo} ROFLOL peterg
[11:49] {laserdave1} everyone should be able to get in now
[11:49] {peterg} can I make it up to you?
[11:49] {magoo} dam, forgot my password
[11:49] {laserdave1} if you cannot dcc me asap
[11:49] {GeoArb} lol
[11:49] {Threei} lol
[11:49] {dptl} ebay 24 break?
[11:49] {Threei} I am in dave
06[11:49] * laserdave1 slaps magoo around a bit with a large trout
[11:49] {Chaeron} I'm in
[11:49] {Chaeron} THANKS DAVE!
[11:50] {Threei} worth a try dp
[11:50] {laserdave1} see Wayne
[11:50] {magoo} IN
[11:50] {laserdave1} i get them to shut down entire system just for you :)
[11:50] {dptl} ok ty stop at .89?
[11:50] {Threei} hmmm
[11:50] {Threei} preferential treatment eh?
[11:50] {Threei} yes dp
[11:50] {magoo} u pretty powerful guy dave :)
[11:51] {GeoArb} and he is a good armwrestler too
[11:54] {dptl} out ebay +.10
[11:55] {Threei} stinkin' scalper
[11:55] {dptl} :)
[11:55] {dino} lol, gj
[11:55] {Threei} :)
[11:56] {Threei} wow
[11:56] {Threei} careful
[11:56] {Threei} something just happened
[11:56] {dptl} where?
[11:57] {Threei} don't know... scary downtick market
[11:57] {Threei} maybe just a fluke
[11:57] {Threei} but looks potentially nasty
[11:57] {peterg} lotsa red
[11:57] {Threei} interesting piece of news:
[11:57] {Threei} UBS
[11:57] {Threei} EXITING THE BUSINESS OF PROVIDING OFFSHORE BANKING OR SECURITIES SERVICES TO US RESIDENTS
[11:57] {Threei} - Swiss-based advisiors will not be allowed to travel to the US to meet with clientes
[11:57] {Threei} - Annoucement comes as company officers testify before a Senate panel looking into tax evasion.
[11:57] {magoo} dave accidently unplugged entire market system vad {dave "OOPS"}
[11:57] {Threei} 108 USO
[11:58] {Threei} ahhh
[11:58] {Threei} stop drinking and tripping over market plug dave
[11:58] {patience} trading today is too much like work, make money, give it back, repeat
[11:59] {Threei} keeping mine
[11:59] {peterg} that was my yesterday; today better
[11:59] {Threei} not giving back a single cent
[11:59] {Threei} I like my cents
[11:59] {Threei} anyone remembers MCEL?
[11:59] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:00] {Chaeron} who? or is it whom? Raven would know that one...
[12:00] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:01] {Threei} reads like:
[12:01] {Threei} mafia bosses approved the hit
[12:01] {Chaeron} yeah.... where was that one when heyday?
[12:01] {Chaeron} 0.02 now
[12:02] {Threei} I remember 3
[12:02] {Threei} one of those small stocks that would aslways get some news and run on it
[12:03] {Threei} we need USO to lose 107 to get more downside momentum
[12:04] {patience} you know what to do vad
[12:04] {Threei} whack?
[12:05] {patience} that would be it
[12:05] {Threei} that's actually the only thing I know
[12:05] {Threei} btw, you've got a sledgehammer?
[12:05] {patience} i have two of them actually
[12:05] {Threei} cool, I'll ask to borrow :)
[12:06] {patience} little one when finesse is called for, big one for just destroy it
[12:06] {peterg} I have a ten-pound one, a bit too heavy, but I used it to defragment the hard drive of a laptop
[12:06] {Threei} I provide a lot of finesse with big one
[12:07] {Threei} trust me, that's one fine whacking
[12:07] {patience} wrong way vad, oil and gold are going up
[12:08] {GeoArb} whats the symbol for gold?
[12:08] {laserdave1} gld
[12:08] {peterg} au?
[12:08] {peterg} periodic table
[12:08] {GeoArb} i was wondering if anyone used the future
[12:08] {Threei} lol
[12:09] {Chaeron} no Geo... I just live in the past
[12:09] {GeoArb} ahhhh
[12:09] {GeoArb} just not my day :)
[12:12] {dptl} Vad,hows omx at .53 break with .39 stop?
[12:13] {Threei} chart is right but not for full lot
[12:13] {dptl} ok ty
[12:13] {Threei} it's not very thin on Level2,
[12:13] {Threei} yet does some quite pronounced moves
[12:14] {laserdave1} peter dcc when u get time please
[12:26] {Threei} hate to do it but...
[12:26] {Threei} 108.50 break long USO
[12:26] {Threei} .30 support
[12:31] {Threei} over 1:1
[12:31] {Threei} over 1:2
[12:32] {jmb} Thanks Vad
[12:32] {Threei} welcome
[12:32] {hawkfan4} nice one, thx
[12:32] {Threei} :)
[12:32] {Threei} unpatriotic...
[12:41] {dino} wow we missed sglp, i was sitting at 14.15 when it hit 14.50
[12:52] {Threei} yessss
[12:52] {Threei} love to see USO action
[12:52] {Threei} lose 107 you lousy oily smelly bastard, fall down and break to pieces
[12:52] {Threei} your OMX works dp
[12:54] {magoo} back...we in anything??
[12:54] {Threei} no but looking for FRE pullback to 8.10 area for long
[12:54] {Threei} and FNM to 10.65 area
[12:54] {dptl} yep +.10 and also grabbed ald for +.10...........stinking scalper:)
[12:55] {Threei} thank you dp
[12:55] {Threei} by admitting it you don't make me say that :)
[12:55] {dptl} :)
[12:58] {dino} cwei
[13:05] {judijim} rough day for us, up $500 for the day, have a great day all traders be back tomorrow
[13:05] {magoo} sing along here....i have a structured settlement....but i need cash nowwwww...call j g whentworth 877-cashnow
[13:05] {magoo} yeah thats rough uop $500
[13:05] {magoo} chime in vad
[13:06] {Threei} I can't
[13:06] {Threei} I chocked
[13:06] {GeoArb} chocked
[13:06] {GeoArb} he is chock full of sympathy
[13:06] {Threei} lol
[13:06] {magoo} im only up 750 and thought t was real good day lol
[13:06] {Threei} some are sooo spoiled
[13:07] {Threei} well USO... it's time
[13:07] {GeoArb} comeone magoo you gota beat my score
[13:07] {magoo} what on USO?
[13:07] {GeoArb} youre the "senpai" here
[13:07] {magoo} OY..where u at?
[13:07] {Threei} die you oil-covered environemtally-unfriendly economy0killing jerk
[13:07] {GeoArb} 1095.95 net
[13:08] {GeoArb} good round nuber so closed
[13:08] {magoo} whats smenpoo?
[13:08] {GeoArb} is senior classmate mentor in japanese
[13:08] {Threei} anyone got FRE
[13:08] {Threei} ?
[13:08] {Threei} pulled back right to .10
[13:08] {GeoArb} http://en.wikipedia.org/wiki/Senpai
[13:09] {Threei} precision to the cent
[13:09] {Threei} FNM to .66, precision to the cent
[13:10] {GeoArb} vads the sensei
[13:10] {GeoArb} money makes me all kung fooish :)
[13:13] {GeoArb} what not even a trout for foreign gobblygook
[13:13] {GeoArb} man whats one gota do to earn one
[13:14] {Threei} lol
[13:14] {GeoArb} hey chaeron do you like dimsum?
[13:15] {Chaeron} love it
[13:15] {GeoArb} i want to www.dintaifungusa.com yesterday..... and i am in love..... a bit of a drive for you
[13:15] {GeoArb} NEVER had it better
[13:15] {Chaeron} for a sec there I thought you were talking about my diminished brain capacity
[13:15] {GeoArb} heheheheh
[13:15] {Threei} rofl
[13:15] {GeoArb} nah that would ne
[13:16] {GeoArb} "chaeron you like dimsum"
[13:16] {GeoArb} instead of do you
[13:16] {GeoArb} amazing food
[13:19] {Threei} aggressive FRE entry here
[13:19] {Threei} stop under .30
[13:19] {Threei} .50 break is regular entry
[13:25] {patience} ok, back to making consistant money on my trades, but also consistantly leaving money on theh table
[13:25] {patience} what to do vad
[13:26] {Threei} IMO... continue leaving money on the table...
[13:26] {Threei} that's the key to consistency :)
[13:27] {Threei} who was it who said "I made my fortunes by selling too soon"
[13:27] {patience} hmmm...just trying to figure out the pattern for trading right now and can't
[13:31] {dptl} ald?
[13:34] {Threei} hard to tell... too slow
[13:34] {dptl} got .21 stop under .10
[13:36] {dptl} and out +.10 again
[13:37] {Threei} say it
[13:38] {dptl} stinking scalper ,,,,hehe i know:)
[13:38] {GeoArb} i love jellybeans?
[13:39] {magoo} if i may ask dp..how many shares u scalpin for dimes?
[13:41] {dptl} not much these days...been really beatten up last month so no more then 400 for now till get back on my feet
[13:42] {dptl} need some consistancy again
[13:42] {magoo} thats good...me only 3-500 shares
[13:42] {magoo} used to go 1k 2k
[13:42] {magoo} doing better smaller
[13:42] {dino} v sm l .80\
[13:43] {dptl} if i am up for the day i do even smoller to stay up
[13:43] {GeoArb} i fine i do better if instead of all in scale out........ i do scale in scale out
[13:44] {brian3579} hd
[13:44] {brian3579} sorry
[13:45] {brian3579} computer going crazy
[13:47] {dino} aglt
[13:48] {dptl} will that cats break?
[13:49] {dino} ?
[13:50] {dino} buyout
[13:54] {patience} anybody know a utilities etf to trade?
[13:56] {Threei} JXI
[13:57] {Threei} Global Utilities Sector Index Fund
[13:57] {patience} you are GOOD
[13:57] {patience} ty
[13:57] {Threei} :)
[13:57] {patience} ok, just to test you
[13:57] {patience} how about a bear utilities etf
[13:57] {GeoArb} no XLU?
[13:58] {Threei} Utilities Select Sector SPDR (XLU)
[13:58] {patience} ty geo, haven't done a spdr for awhile...i suppose i can short them
[13:58] {GeoArb} www.smartmoney.com
[13:59] {GeoArb} has very good etf map
[13:59] {dino} uth
[13:59] {Threei} here are all of them:
[13:59] {Threei} http://seekingalpha.com/article/30084-utilities-etfs
[14:00] {patience} thanks...apparently utilities broke down yesterday and i'm looking for momo :)
[14:00] {Threei} and this will give you any ETF one can think of:
[14:00] {Threei} http://seekingalpha.com/page/etf-finder
[14:01] {patience} ty, quite the listing
[14:01] {GeoArb} excellent heat map here http://www.smartmoney.com/etf/maps/
[14:01] {GeoArb} for macro view
[14:02] {patience} i'm trying to keep to trading on the canadian side, unless I know CDN dollar is going up, doing the arbitrage thing
[14:03] {patience} ty Geo, now I need a drink to work through this one
[14:03] {dino} nue stop to .80
[14:03] {laserdave1} aapl getting funny here
[14:03] {dino} out +.55
[14:04] {laserdave1} carefull if long aapl
[14:04] {Threei} haha funny or uhoh funny?
[14:05] {laserdave1} funny like a clown funny
[14:06] {laserdave1} markets saved it
[14:07] {laserdave1} its still really weak
[14:07] {laserdave1} relative to markets
[14:08] {dino} biod
[14:09] {dino} speaking of funny, thats why cannibals don't like clowns
[14:09] {dino} they tast funny
[14:09] {Threei} hmmm
[14:10] {Threei} I'll take your word for it..in exchange for secret explanation
[14:10] {dino} clowns taste funny
[14:10] {laserdave1} alll i want from u aapl is 2 points
[14:10] {laserdave1} now get down
[14:10] {Threei} hey, I wanted secret...
[14:10] {laserdave1} i never had clown before
[14:11] {dptl} lol
[14:11] {magoo} short aapl u thinking?
[14:11] {Threei} if you don't like clowns, you simply don't cook them right
[14:11] {laserdave1} ummm
[14:11] {laserdave1} no comment
[14:12] {dino} i suspect you may be a clown
[14:12] {laserdave1} out aapl
[14:12] {laserdave1} will reenter if setup comes back
[14:13] {GeoArb} i am short skf very small
[14:13] {GeoArb} volatile creature
[14:17] {dino} gutsy
[14:17] {laserdave1} reshorted aapl
[14:17] {laserdave1} that skf is nuts
[14:17] {GeoArb} i love it
[14:17] {laserdave1} skf?
[14:17] {laserdave1} wow
[14:17] {dino} things down 70 pts from yesterday
[14:20] {Threei} USO is threatening to go under 105
[14:22] {Threei} 105 be lost
[14:23] {Threei} {105} yes sir
[14:23] {magoo} u in?
[14:23] {GeoArb} hey laser dave can you short skf?
[14:23] {Threei} in what?
[14:23] {GeoArb} in laser
[14:23] {magoo} sh USO
[14:23] {Threei} it's unavailable
[14:24] {GeoArb} yeah..... i had to call in so was wondering
[14:25] {dino} v sm l skf .25
[14:25] {laserdave1} no sorry
[14:25] {laserdave1} must be heavy demand
[14:26] {GeoArb} yeah i called up and begged saying i only need 500 and only for the day
[14:26] {GeoArb} i guess i am a naked illegal
[14:26] {Threei} my eyes
[14:26] {GeoArb} lol
[14:27] {laserdave1} geo dcc please
[14:28] {dino} stopped -100
[14:30] {magoo} vad, what u think?230 smakdown or run?
[14:31] {dino} rinsed
[14:31] {Threei} 230?
[14:32] {laserdave1} if i had to guess i say we rollover
[14:32] {laserdave1} but this market amazes me
[14:32] {laserdave1} so stops always in place
[14:35] {magoo} 2:30 pm vad
[14:35] {dino} good guess
[14:36] {Threei} watching FRE for bounce
[14:36] {laserdave1} thats a good aapl
[14:37] {laserdave1} got whipsawed on it and stopped 3 times
[14:37] {laserdave1} this one is good
[14:38] {laserdave1} i covered half
[14:38] {laserdave1} near low of day
[14:40] {magoo} disappointed in u dave now
[14:40] {magoo} u werre supposed to remind to not NOT do something today
[14:40] {dino} nue, wow glad i got out
[14:41] {laserdave1} hey dood
[14:41] {laserdave1} i was gooing to remind u
[14:41] {laserdave1} i was going to remind u a bit later
[14:41] {laserdave1} just in case u forget
[14:41] {laserdave1} this way fresh in your head
06[14:41] * laserdave1 slaps magoo around a bit with a large trout
[14:42] {laserdave1} bidding 171.31 on aapl in case big bar down
[14:42] {Chaeron} that's a role-reversal
[14:42] {laserdave1} sometimes even i bring out the heavy ditu artillary
[14:43] {laserdave1} duty
[14:43] {GeoArb} what laserdave no long skf? :)
[14:44] {laserdave1} dcc geo
[14:44] {dino} sglp going to hold?
[14:45] {Threei} feels so
[14:46] {laserdave1} im long sglp
[14:46] {laserdave1} gonna soak a bit more up if front of big bid 14.26
[14:46] {laserdave1} hes my oout
[14:47] {laserdave1} hidding .42 INET
[14:47] {laserdave1} not getting hit
[14:47] {laserdave1} got 100 more
[14:48] {laserdave1} there we go
[14:48] {laserdave1} got 400 now
[14:48] {dino} ok in sm
[14:49] {laserdave1} he cancelled got out half
[14:50] {laserdave1} now he comes in higher
[14:50] {laserdave1} games
[14:50] {magoo} its me its me he he
[14:50] {laserdave1} your ubss
[14:50] {laserdave1} haha
[14:50] {laserdave1} stop it then
[14:50] {dino} stop is .08 fwiw
[14:50] {laserdave1} im loong again small shares
[14:51] {laserdave1} holding 14$ as stop
[14:51] {laserdave1} he got filled this time
[14:52] {dino} stopped
[14:52] {laserdave1} out
[14:52] {laserdave1} brutal slippage
[14:52] {laserdave1} will look for better entry
[14:53] {dino} 12.35
[14:53] {dino} what the heck is w/it?
[14:54] {laserdave1} no idea
[14:54] {laserdave1} but that slippage was not fun
[14:54] {Chaeron} 13.25 or 12.35?
[14:54] {Chaeron} lol
[14:54] {dino} 12.35
[14:54] {Chaeron} answwered
[14:54] {Threei} can't think of anything but belonging to energy sector
[14:55] {Threei} which by no means explains the scale of dump
[14:55] {dino} oh oh
[14:55] {laserdave1} ok in again
[14:55] {dino} c'mon back to 15
[14:56] {laserdave1} stopped
[14:56] {laserdave1} ok im not tradeing this anymore
[14:57] {magoo} god dammit maverick..get back in thhe fight lol
[14:57] {laserdave1} haha
[14:57] {laserdave1} slippage on this one real bad
[14:57] {magoo} qqqq looks like sell fgrom hell
[14:59] {dino} oh man, i long for the old days of drop 2.50 and bounce, this8-10 point stuff is hard to play
[15:00] {patience} too many cross currents
[15:01] {Threei} can't believe it
[15:02] {magoo} yeah..i haven't traded since lunch
[15:02] {magoo} can't figure it
[15:03] {patience} gut says down but who wants to crystal ball it
[15:03] {magoo} now naz bounces./..sheesh..harder than yesterday
[15:03] {magoo} u agrrre vader?
[15:04] {Threei} can't tell
[15:04] {Threei} a lot of wierd stuff happens
[15:05] {Threei} incredible, no single word anywhere on SGLP??
[15:06] {GeoArb} looks like ill have to check
[15:06] {Threei} whatever... scalped it
[15:06] {GeoArb} lol
[15:06] {Threei} lol
[15:07] {Threei} of course no it goes back 20
[15:07] {GeoArb} come vad you shouldnt blindly nmake money
[15:07] {GeoArb} you should spend all your time on why
[15:07] {Chaeron} yeah... open your eyes when you trade
[15:07] {magoo} REALLY wheres the call??????
[15:07] {Threei} no frikin way I'd call this thing
[15:08] {dptl} hoku?
[15:08] {magoo} anyone holding 500 shares of goog into bell?
[15:12] {magoo} sigh...no sense of humor in entire room
[15:13] {GeoArb} crap
[15:13] {GeoArb} i took your call
[15:14] {magoo} ROFLOL
[15:14] {GeoArb} :)
[15:14] {dino} poor magoo
[15:14] {magoo} into bell..reports tonite..it will go 50 points up or down
[15:14] {magoo} in a blink
[15:14] {magoo} i know..ask dino from last qtr
[15:15] {magoo} ouch
[15:15] {magoo} so painful i got a personnal phone call {and lecture} from laserdave
[15:16] {GeoArb} impressive
[15:17] {Threei} US HOUSE VOTES DOWN GOVT BILL THAT WOULD RESCIND UNDRILLED LEASES FROM THE OIL COMPANIES
[15:17] {dino} not when i have to listen to it
[15:19] {dino} out v .20, +.40
[15:24] {laserdave1} hey guys
[15:25] {laserdave1} not sure whats going on but they have to restart system again
[15:25] {laserdave1} will do full enquire after close with what happend today
[15:25] {laserdave1} this is second time
[15:25] {Chaeron} aaaaaaaaaaaaaaaaaaaaaaaaaarrg
[15:25] {Chaeron} oh... ok... I'm ok
[15:26] {laserdave1} im in again
[15:26] {laserdave1} log in asap
[15:26] {magoo} i out trying
[15:26] {magoo} In
[15:26] {Chaeron} in what? SGLP?
[15:26] {magoo} those b@st@rds :)
[15:27] {magoo} in laser, was bumped out
[15:28] {laserdave1} log in again
[15:28] {laserdave1} system had to go down for a minute
[15:28] {laserdave1} if lose executor
[15:28] {laserdave1} just log out and back in
[15:29] {Threei} SGLP
[15:29] {Threei} TRADING LOWER BY 43%; MOODY'S NOTES IT HAS DOWNGRADED PRIVATELY HELD SEMGROUP LP SENIOR UNSECURED RATING TO B1 FROM CAA1
[15:29] {Threei} - its unclear if the two Semgroups are related, but both are headquartered in Tulsa, OK.
[15:33] {dino} sglp toghten to .59
[15:33] {dino} tighten
[15:34] {dino} out slip, +1.19
[15:34] {Threei} wtg
[15:34] {GeoArb} nice
[15:34] {dino} lucky
[15:34] {patience} very nice dino
[15:34] {dino} nerve racking
[15:34] {GeoArb} i am all glazed over... but trust dino to chug along
[15:35] {dino} i've been starting rough geo
[15:35] {dino} afternoon come backs you know
[15:36] {dino} atvid
[15:40] {Threei} 11.01 FNM for scalp
[15:41] {magoo} in
[15:44] {Threei} nope
[15:44] {Threei} scratch it
[15:45] {Threei} GOOG earnings... who knows what it does to market
[15:45] {laserdave1} MAGOOOOOOOOOO
[15:45] {laserdave1} i gave u the warning
[15:45] {laserdave1} :)
[15:45] {laserdave1} dcc
[15:46] {magoo} uh oh
[15:55] {Threei} REPORTEDLY THE HOUSE MAY VOTE NEXT WEEK ON FORCING RELEASE OF OIL FROM SPR
[15:55] {Threei} why?
[15:55] {Threei} is there shortage of oil?
[15:56] {cosmo} it leaks anyway
[15:56] {Threei} oh
[15:56] {cosmo} that's why they have to keep filling it...
[15:56] {Raven} 3 sigh
[15:56] {Threei} lol
[15:56] {cosmo} oops
[15:58] {Threei} interested to have a look at GOOG but not going to play anything off it
[15:59] {dptl} have a good evening all:)
[15:59] {Threei} take care dp
[15:59] {Threei} oil under 130... that makes my day
[15:59] {Threei} under 80 will make my year
[16:00] {laserdave1} get ready goog
[16:01] {Threei} Pelosi: offshore drilling is off the table
[16:01] {Threei} GOOG
[16:01] {Threei} REPORTS Q2 $4.63 V $4.74E
[16:01] {magoo} 40 ppoints
[16:01] {Threei} R $3.9B (EX-TAC) V $3.87BE
[16:03] {magoo} i said 50 points
[16:03] {magoo} no not which way was prob
[16:03] {Threei} that was fun to watch
[16:03] {Threei} ok guys, thank you all
[16:04] {Threei} have a great evening, see you tomorrow
[16:04] {Chaeron} thanks again Threei
[16:04] {magoo} bye vad
[16:04] {Chaeron} Dave, thanks for the help
[16:04] {magoo} ty
[16:04] {Chaeron} oh and magoo?
06[16:04] * Chaeron slaps magoo around a bit with a large trout
[08:28] {cosmo} EBAY misses...
[08:30] {Threei} NITIAL JOBLESS CLAIMS:: 366K V 380KE
[08:30] {Threei} CONTINUING CLAIMS: 3.166M V 3.180ME
[08:30] {Threei} JUN HOUSING STARTS: 1.07M V 960KE; BUILDING PERMITS: 1.09M V 965KE
[08:34] {cosmo} EBAY: eBay's Q2 was in line with expectations, but Q3 guidance is weak, and will disappoint; shares are down 6% after hours. Sales increased 20% year-over-year, and net income jumped 22%, aided by share buybacks.
[08:35] {cosmo} off 11% now
[08:35] {Threei} you'd think in wseakening economy Ebay should benefit
[08:36] {cosmo} hmmm
[08:36] {Threei} The Financial Times noted overnight that some government funds have cut their USD exposure.
[08:36] {Threei} that's interesting
[08:37] {Threei} if they cut it someone's increased it, right?
[08:40] {cosmo} ...or will increase at some point
[08:40] {cosmo} tipping point...
[08:41] {Threei} if something is sold... someone bought it
[08:42] {cosmo} sigh...this is deep
[08:43] {Threei} yes for the morning - but I come up with this stuff in the evening and write it down
[08:43] {cosmo} does it wake you at 3 AM?
[08:43] {Threei} nothing can
[08:44] {cosmo} ah...good
[09:00] {fernp} Good Morning
[09:00] {Threei} fern :)
[09:03] {magoo} njfhyjrhjynmghfjyfh
[09:03] {Threei} mgkdjotiercnks?
[09:05] {magoo} sheesh, jobless claims lower, housing starts higher, all good again lol
[09:05] {Threei} yup... what crisis?
[09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[09:05] {Threei} umm... correction: worlkd is going to start ending
[09:09] {hawkfan4} good morning
[09:09] {Threei} hawk :)
[09:12] {cosmo} VCLK
[09:14] {cosmo} # ValueClick cuts forecasts due to weak economyAP(Thu 9:07am)
[09:18] {judijim} good morning everyone
[09:21] {Threei} jj :)
[09:26] {dino} gm all
[09:28] {Threei} dino :)
[09:28] {peterg} gm all
[09:28] {Threei} peter :)
[09:29] {pita} gm all
[09:29] {Threei} pita :)
[09:29] {magoo} jj, pita, peter:)
[09:29] {Threei} looking at the last lines, I feel like a doorman {G}
[09:30] {peterg} and a good one, too hi mags
[09:30] {Threei} lol
[09:31] {Threei} huge spike ZION
[09:31] {dino} nue looks pretty good, crusjing it tho
[09:32] {Threei} UAUA 4.65 long if stays above 4.50
[09:33] {dino} earnings after close zion
[09:33] {Threei} all banks are rocking
[09:34] {Threei} looking for pullback LEH
[09:34] {Threei} probably JPM can help with timing
[09:35] {Threei} FRE
[09:35] {Threei} FOLLOW UP: CENTRAL BANKS PURCHASED 57% OF NEW $3B 2-YEAR ISSUE
[09:36] {Threei} no pullback
[09:36] {dino} shoo
[09:36] {Threei} LEH .50 break risky long
[09:36] {Threei} half lot
[09:36] {dino} damn, can't borrow
[09:36] {Threei} if stays above .30
[09:37] {Threei} ok JPM pulling back finally
[09:37] {dino} zion too, unavail
[09:37] {dino} squeezes?
[09:37] {Threei} not LEH though
[09:37] {magoo} in
[09:37] {Threei} over 1:1
[09:37] {Threei} and aiing for 19
[09:37] {Threei} aiming
[09:37] {magoo} out .89 TY
[09:38] {Threei} out .96
[09:38] {Threei} welcome sir
[09:38] {magoo} aapl 175 coming RISKI in
[09:39] {Threei} if we get lucky to have pullback closer to 18.50 LEH, entry level
[09:39] {magoo} ok
[09:42] {magoo} here comes aapl
[09:43] {Threei} here comes everything
[09:44] {Threei} FRE 8.60 long
[09:44] {Threei} .45 stop
[09:45] {Threei} 1:1 easy
[09:45] {Threei} half out .84
[09:45] {Threei} scalpers take profit
[09:46] {Threei} out in full 9.05
[09:47] {magoo} out .07 full TY
[09:47] {Threei} LEH aiming for 20 probably
[09:47] {Threei} not buying here though
[09:48] {Threei} USO spike may become a brake for now
[09:48] {peterg} out FRE at 9.05, tks
[09:48] {Threei} peter :)
[09:48] {peterg} still smokin
[09:48] {Threei} LEH over 20, lol
[09:49] {Threei} mama mia FRE
[09:49] {Threei} and FNM
[09:49] {Threei} here comes LEH drop
[09:49] {Threei} and what a drop it is
[09:50] {Threei} sheesh... there was a pause long enough to short FRE
[09:50] {Threei} why did I hesitate
[09:51] {peterg} because of Cox
[09:51] {Threei} bounce soon
[09:51] {peterg} no shorts on his ffiends
[09:51] {peterg} soon
[09:51] {Threei} available here
[09:52] {peterg} you mean only in U.S.?
[09:52] {Threei} it's broker-to broker specific
[09:53] {Threei} LEH, entry is coming
[09:53] {Threei} as close to 18 as possible
[09:53] {Threei} and keep it small
[09:53] {magoo} in .33
[09:54] {peterg} .39
[09:54] {Threei} .35
[09:54] {Threei} we covered whole range
[09:54] {Threei} out .73
[09:54] {magoo} out .79 lol
06[09:55] * Threei slaps magoo around a bit with a large trout
[09:55] {magoo} ty boss
[09:55] {peterg} out .76 tks
[09:55] {Threei} OK, let's take a small breather... what the heck was that? :)
[09:56] {Threei} gosh, I missed this kind of days
[09:56] {peterg} a tremor in the force
[09:56] {Threei} what a beautiful momo
[09:56] {magoo} mktsstill jittery vad
[09:56] {peterg} momo?
[09:56] {Threei} let's take a pause, market will be defining it's next move now
[09:56] {peterg} mama?
[09:57] {Threei} momo - traders speak for momentum
[09:57] {peterg} roger that
[09:57] {peterg} ok, off for hour.
[09:57] {peterg} have fun
[09:58] {Threei} :)
[09:58] {brian3579} first profitable week thank you vad
[09:58] {Threei} love to hear that brian
[09:59] {Threei} notice,
[09:59] {Threei} you start profitng at times when the world is hurting
[09:59] {brian3579} small but its a start
[09:59] {Threei} this is very significant
[09:59] {Threei} it means you are not a part of crowd anymore
[10:00] {Threei} you move to the smart money side
[10:00] {brian3579} your books and help and hard work mad the difference
[10:00] {brian3579} made
[10:00] {Threei} JULY PHILADELPHIA FED: -16.3 V -15E
[10:01] {Threei} difference is made by you... I provided the necessary resources but nothing works by itself
[10:01] {Threei} - Prices Paid: 75.6 v 69.3 prior (highest reading since 1980)
[10:02] {Threei} - Employment: -7.3 v -6.9 prior
[10:02] {dino} uso, oih rally
[10:02] {Threei} yeah... USO needs to come down again to provide fuel for market
[10:02] {Threei} as long as USO remains strong, it's a drag
[10:05] {Threei} I'd say, we picked exactly right moment to get on sideline
[10:06] {Threei} very tempted by LEH off 18
[10:06] {Threei} want to see market start recovering though
[10:06] {dino} dwsn sm wide l .00
[10:07] {magoo} pretty nasty selloff there
[10:07] {Threei} if I miss it, I always have dave to slap
06[10:07] * magoo slaps laserdave1 around a bit with a large trout
[10:07] {Threei} market is still selling
[10:08] {Threei} whoa USO
[10:08] {dino} oih +6
[10:16] {laserdave1} nice move down
[10:16] {laserdave1} wow
[10:16] {laserdave1} that was crazy
[10:17] {magoo} 100 sh long CME .19 VERY RISKY
[10:17] {Threei} anyone took LEH off 14?
[10:17] {magoo} was watching
[10:17] {magoo} missed
[10:17] {Threei} perfect hit on a support level just when market started rebounding
[10:18] {Threei} the only problem was,
[10:18] {Threei} it jumped off support so rapidly
[10:18] {Threei} you had to just take it on a blind faith that it would hold
[10:29] {dino} sglp
[10:31] {Threei} MF LIFTS GLOBAL GROWTH FORECAST TO 4.1% ROM 3.7% PRIOR
[10:31] {Threei} IMF
[10:31] {magoo} stopped CME -200 bux
[10:31] {magoo} this is discouraging action here
[10:32] {Threei} LEH becomes interesting again
[10:33] {magoo} in leh here .51
[10:34] {Threei} .48
[10:34] {Threei} beat ya this time
[10:34] {magoo} grrrr
[10:34] {Threei} out
[10:34] {Threei} .71
[10:35] {GeoArb} thanks all done for day....vad you can see my take on your setup in TXT
[10:36] {dino} sglp sm l .50
[10:36] {Threei} DBI?
[10:36] {GeoArb} with 1.5 times vol and below yesterday low
[10:36] {Threei} beauty
[10:36] {GeoArb} my spin
[10:37] {peterg} out LEH .85, +18
[10:37] {Threei} send me your configuration please
[10:37] {GeoArb} will email
[10:37] {Threei} ty
[10:37] {Threei} + .18 peter?
[10:37] {Threei} sounds like you chased it quite high
[10:37] {GeoArb} the first 15 mins i discard as garbage
[10:37] {peterg} this setup is too slow
[10:38] {peterg} my "free" software from fidelity
[10:38] {Threei} OK, this is pure danger
[10:38] {Threei} you will pay dearly for that free setup
[10:38] {peterg} too clunky to use, executions are good and timely, but the fooling around to set up the order is tedious and studpid
[10:39] {Threei} ask dave for demo
[10:39] {Threei} you'll be amazed by7 the difference
[10:40] {peterg} Dave Pelosi?
06[10:40] * Threei slaps laserdave1 around a bit with a large trout
[10:40] {Threei} this dave
[10:40] {peterg} Our dave
[10:40] {peterg} Hey dave, can I have a demo?
[10:40] {laserdave1} that can be arranged
[10:40] {laserdave1} i will dcc you
[10:41] {peterg} tks
[10:41] {laserdave1} np
[10:44] {magoo} naz red
[10:44] {Threei} [09:05] {Threei} of course I have no doubt that at some point in the day world is going to end
[10:44] {Threei} [09:05] {Threei} umm... correction: worlkd is going to start ending
[10:45] {magoo} u need to harness this poweer u have
[10:46] {Threei} it's easy
[10:46] {Threei} start drinking around 5 am, and you are golden
[10:47] {magoo} ok..already doing that :)
[10:47] {Chaeron} Dave - dcc please?
[10:48] {Chaeron} Good morning everyone
[10:48] {Threei} if it doesn't worek, double the dose
[10:48] {Threei} chaeron :)
[10:51] {dino} spwr sm l .60
[10:59] {dino} nue sm l .25
[11:00] {pita} later all. its been an interesting morning.....
[11:00] {magoo} bye
06[11:02] * Chaeron slaps laserdave1 around a bit with a large trout
[11:04] {Threei} take care pita
[11:16] {magoo} wake up vad...bouncing it seems
[11:17] {Threei} hard to tell...
[11:23] {Threei} .70 small shares short USO
[11:23] {Threei} .90 stop
[11:24] {Threei} that was fast
[11:24] {Threei} no chance for entry? or someone got it?
[11:25] {Threei} 1:2
[11:25] {magoo} missed
[11:26] {Threei} wow... not in a short list
[11:27] {Threei} but what a call
[11:27] {dino} any news sglp, may have to try it again
[11:27] {Threei} nope
[11:27] {GeoArb} why ot short oih?
[11:27] {dino} brutal
[11:28] {Threei} yeah, OIH is available
[11:28] {GeoArb} :)
[11:28] {Threei} I am getting interested too dino
[11:28] {Threei} probably one more flush
[11:29] {Threei} there we go
[11:29] {dino} think we just had it
[11:29] {Threei} looks like
[11:30] {dino} some really messed up moves this a.m.
[11:30] {peterg} what, now trend up?
[11:30] {dino} y
[11:30] {Threei} really can't tell peter
[11:31] {Threei} on market overall
[11:31] {dino} damn 2 bucks
[11:31] {peterg} Fidelity cant get me LEH for shorting unless I beg
[11:31] {peterg} not intending to
[11:32] {peterg} short or beg at moment
[11:32] {GeoArb} you trade at fidelity?
[11:32] {peterg} still, on their active trader pro platform
[11:32] {Threei} peter lives on the edge
[11:32] {peterg} streaming realtime etc level two
[11:33] {peterg} looking into alternatives.
[11:33] {GeoArb} i am sure vad can set him up
[11:33] {peterg} But so cheap as to be problematic
[11:33] {peterg} working on it geo
[11:33] {Threei} maybe second chance dino
[11:33] {GeoArb} laser dave DCC
[11:33] {GeoArb} pls
[11:34] {dino} waiting 13.40
[11:34] {Threei} too .83, out 15.45
[11:34] {Threei} took
[11:34] {Threei} .44 and .45
[11:36] {dino} 15?
[11:36] {Threei} 14.83 in, 15.44 out
[11:37] {dino} ok
[11:37] {Threei} new low is likely now
[11:37] {laserdave1} attention all laser users
[11:37] {laserdave1} ***********
[11:37] {Threei} uh oh
[11:37] {magoo} oh oh
[11:38] {laserdave1} they might have to shut down laser for 3 minutes
[11:38] {magoo} crap
[11:38] {laserdave1} just giving you a heads up
[11:38] {magoo} i got 3 positions
[11:38] {Threei} we are to be electrocuted if we make profit
[11:38] {magoo} when??
[11:39] {laserdave1} trying \to find more info now
[11:39] {magoo} ok
[11:40] {GeoArb} no dcc laserdave?
[11:40] {GeoArb} sniff sniff
[11:40] {Threei} 11:40:26 ADMIN7 --} (All): System shutting down for EMERGENCY maintenance for 2-3 mins!!!
[11:40] {magoo} CRAPPPPPPPPP
[11:41] {Threei} 11:40:43 ADMIN7 --} (All): This will happen in 5 mins!!!
[11:41] {laserdave1} 5 minutes and then we go down
[11:41] {laserdave1} we go down for 2 to 3 minutes
[11:41] {laserdave1} be prepared
[11:41] {Threei} will reconnect itself or we have to shut down and log in again?
[11:42] {laserdave1} i think u will have to log in again
[11:42] {Threei} 11:45 is shutdown time
[11:42] {dino} out spwr .91, +1.30
[11:43] {Threei} btw... first time in a looong while gas price came down yesterday
[11:43] {magoo} OK OUT
[11:44] {patience} also been a long long time since laser was down during prime trading hours
[11:45] {laserdave1} so rare for something like this
06[11:45] * magoo slaps patience around a bit with a large trout
[11:45] {patience} good morning magoo :)
[11:45] {magoo} we be down
[11:46] {Chaeron} it's my fault :)
[11:46] {Threei} quotes are still up, executor is out
[11:46] {patience} i'm in a trade shorting crude oil, vad please whack it and make it drop further
[11:46] {Threei} no executions... criminals run free
[11:46] {peterg} my fault; I expressed interest in laser
[11:46] {Threei} whacking as we speak
[11:46] {Threei} rofl peter
[11:46] {patience} ty
[11:47] {Threei} USO will lose 108 in a jiffy
[11:47] {patience} much obliged
[11:47] {GeoArb} laser is probably one of the most stabe out there
[11:47] {GeoArb} and i have shopped around
[11:47] {patience} i'm having a hard time remembering when it was actually unavailable
[11:47] {Threei} once when they had big flood in NY I remember
[11:47] {Chaeron} stable for years here and best execution period
[11:47] {Threei} and they had to switch to alternative energy supply
06[11:48] * magoo slaps peterg around a bit with a large trout
[11:48] {Chaeron} hamsters on wheels?
[11:48] {peterg} sorry
[11:48] {Threei} yes chaeron
[11:48] {Threei} those were well fed hamsters
[11:48] {laserdave1} log in everyone
[11:48] {Threei} run like crazy
[11:48] {laserdave1} i think were good now
[11:48] {laserdave1} im in
[11:48] {magoo} ROFLOL peterg
[11:49] {laserdave1} everyone should be able to get in now
[11:49] {peterg} can I make it up to you?
[11:49] {magoo} dam, forgot my password
[11:49] {laserdave1} if you cannot dcc me asap
[11:49] {GeoArb} lol
[11:49] {Threei} lol
[11:49] {dptl} ebay 24 break?
[11:49] {Threei} I am in dave
06[11:49] * laserdave1 slaps magoo around a bit with a large trout
[11:49] {Chaeron} I'm in
[11:49] {Chaeron} THANKS DAVE!
[11:50] {Threei} worth a try dp
[11:50] {laserdave1} see Wayne
[11:50] {magoo} IN
[11:50] {laserdave1} i get them to shut down entire system just for you :)
[11:50] {dptl} ok ty stop at .89?
[11:50] {Threei} hmmm
[11:50] {Threei} preferential treatment eh?
[11:50] {Threei} yes dp
[11:50] {magoo} u pretty powerful guy dave :)
[11:51] {GeoArb} and he is a good armwrestler too
[11:54] {dptl} out ebay +.10
[11:55] {Threei} stinkin' scalper
[11:55] {dptl} :)
[11:55] {dino} lol, gj
[11:55] {Threei} :)
[11:56] {Threei} wow
[11:56] {Threei} careful
[11:56] {Threei} something just happened
[11:56] {dptl} where?
[11:57] {Threei} don't know... scary downtick market
[11:57] {Threei} maybe just a fluke
[11:57] {Threei} but looks potentially nasty
[11:57] {peterg} lotsa red
[11:57] {Threei} interesting piece of news:
[11:57] {Threei} UBS
[11:57] {Threei} EXITING THE BUSINESS OF PROVIDING OFFSHORE BANKING OR SECURITIES SERVICES TO US RESIDENTS
[11:57] {Threei} - Swiss-based advisiors will not be allowed to travel to the US to meet with clientes
[11:57] {Threei} - Annoucement comes as company officers testify before a Senate panel looking into tax evasion.
[11:57] {magoo} dave accidently unplugged entire market system vad {dave "OOPS"}
[11:57] {Threei} 108 USO
[11:58] {Threei} ahhh
[11:58] {Threei} stop drinking and tripping over market plug dave
[11:58] {patience} trading today is too much like work, make money, give it back, repeat
[11:59] {Threei} keeping mine
[11:59] {peterg} that was my yesterday; today better
[11:59] {Threei} not giving back a single cent
[11:59] {Threei} I like my cents
[11:59] {Threei} anyone remembers MCEL?
[11:59] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:00] {Chaeron} who? or is it whom? Raven would know that one...
[12:00] {Threei} BOARD APPROVES PLAN TO LIQUIDATE
[12:01] {Threei} reads like:
[12:01] {Threei} mafia bosses approved the hit
[12:01] {Chaeron} yeah.... where was that one when heyday?
[12:01] {Chaeron} 0.02 now
[12:02] {Threei} I remember 3
[12:02] {Threei} one of those small stocks that would aslways get some news and run on it
[12:03] {Threei} we need USO to lose 107 to get more downside momentum
[12:04] {patience} you know what to do vad
[12:04] {Threei} whack?
[12:05] {patience} that would be it
[12:05] {Threei} that's actually the only thing I know
[12:05] {Threei} btw, you've got a sledgehammer?
[12:05] {patience} i have two of them actually
[12:05] {Threei} cool, I'll ask to borrow :)
[12:06] {patience} little one when finesse is called for, big one for just destroy it
[12:06] {peterg} I have a ten-pound one, a bit too heavy, but I used it to defragment the hard drive of a laptop
[12:06] {Threei} I provide a lot of finesse with big one
[12:07] {Threei} trust me, that's one fine whacking
[12:07] {patience} wrong way vad, oil and gold are going up
[12:08] {GeoArb} whats the symbol for gold?
[12:08] {laserdave1} gld
[12:08] {peterg} au?
[12:08] {peterg} periodic table
[12:08] {GeoArb} i was wondering if anyone used the future
[12:08] {Threei} lol
[12:09] {Chaeron} no Geo... I just live in the past
[12:09] {GeoArb} ahhhh
[12:09] {GeoArb} just not my day :)
[12:12] {dptl} Vad,hows omx at .53 break with .39 stop?
[12:13] {Threei} chart is right but not for full lot
[12:13] {dptl} ok ty
[12:13] {Threei} it's not very thin on Level2,
[12:13] {Threei} yet does some quite pronounced moves
[12:14] {laserdave1} peter dcc when u get time please
[12:26] {Threei} hate to do it but...
[12:26] {Threei} 108.50 break long USO
[12:26] {Threei} .30 support
[12:31] {Threei} over 1:1
[12:31] {Threei} over 1:2
[12:32] {jmb} Thanks Vad
[12:32] {Threei} welcome
[12:32] {hawkfan4} nice one, thx
[12:32] {Threei} :)
[12:32] {Threei} unpatriotic...
[12:41] {dino} wow we missed sglp, i was sitting at 14.15 when it hit 14.50
[12:52] {Threei} yessss
[12:52] {Threei} love to see USO action
[12:52] {Threei} lose 107 you lousy oily smelly bastard, fall down and break to pieces
[12:52] {Threei} your OMX works dp
[12:54] {magoo} back...we in anything??
[12:54] {Threei} no but looking for FRE pullback to 8.10 area for long
[12:54] {Threei} and FNM to 10.65 area
[12:54] {dptl} yep +.10 and also grabbed ald for +.10...........stinking scalper:)
[12:55] {Threei} thank you dp
[12:55] {Threei} by admitting it you don't make me say that :)
[12:55] {dptl} :)
[12:58] {dino} cwei
[13:05] {judijim} rough day for us, up $500 for the day, have a great day all traders be back tomorrow
[13:05] {magoo} sing along here....i have a structured settlement....but i need cash nowwwww...call j g whentworth 877-cashnow
[13:05] {magoo} yeah thats rough uop $500
[13:05] {magoo} chime in vad
[13:06] {Threei} I can't
[13:06] {Threei} I chocked
[13:06] {GeoArb} chocked
[13:06] {GeoArb} he is chock full of sympathy
[13:06] {Threei} lol
[13:06] {magoo} im only up 750 and thought t was real good day lol
[13:06] {Threei} some are sooo spoiled
[13:07] {Threei} well USO... it's time
[13:07] {GeoArb} comeone magoo you gota beat my score
[13:07] {magoo} what on USO?
[13:07] {GeoArb} youre the "senpai" here
[13:07] {magoo} OY..where u at?
[13:07] {Threei} die you oil-covered environemtally-unfriendly economy0killing jerk
[13:07] {GeoArb} 1095.95 net
[13:08] {GeoArb} good round nuber so closed
[13:08] {magoo} whats smenpoo?
[13:08] {GeoArb} is senior classmate mentor in japanese
[13:08] {Threei} anyone got FRE
[13:08] {Threei} ?
[13:08] {Threei} pulled back right to .10
[13:08] {GeoArb} http://en.wikipedia.org/wiki/Senpai
[13:09] {Threei} precision to the cent
[13:09] {Threei} FNM to .66, precision to the cent
[13:10] {GeoArb} vads the sensei
[13:10] {GeoArb} money makes me all kung fooish :)
[13:13] {GeoArb} what not even a trout for foreign gobblygook
[13:13] {GeoArb} man whats one gota do to earn one
[13:14] {Threei} lol
[13:14] {GeoArb} hey chaeron do you like dimsum?
[13:15] {Chaeron} love it
[13:15] {GeoArb} i want to www.dintaifungusa.com yesterday..... and i am in love..... a bit of a drive for you
[13:15] {GeoArb} NEVER had it better
[13:15] {Chaeron} for a sec there I thought you were talking about my diminished brain capacity
[13:15] {GeoArb} heheheheh
[13:15] {Threei} rofl
[13:15] {GeoArb} nah that would ne
[13:16] {GeoArb} "chaeron you like dimsum"
[13:16] {GeoArb} instead of do you
[13:16] {GeoArb} amazing food
[13:19] {Threei} aggressive FRE entry here
[13:19] {Threei} stop under .30
[13:19] {Threei} .50 break is regular entry
[13:25] {patience} ok, back to making consistant money on my trades, but also consistantly leaving money on theh table
[13:25] {patience} what to do vad
[13:26] {Threei} IMO... continue leaving money on the table...
[13:26] {Threei} that's the key to consistency :)
[13:27] {Threei} who was it who said "I made my fortunes by selling too soon"
[13:27] {patience} hmmm...just trying to figure out the pattern for trading right now and can't
[13:31] {dptl} ald?
[13:34] {Threei} hard to tell... too slow
[13:34] {dptl} got .21 stop under .10
[13:36] {dptl} and out +.10 again
[13:37] {Threei} say it
[13:38] {dptl} stinking scalper ,,,,hehe i know:)
[13:38] {GeoArb} i love jellybeans?
[13:39] {magoo} if i may ask dp..how many shares u scalpin for dimes?
[13:41] {dptl} not much these days...been really beatten up last month so no more then 400 for now till get back on my feet
[13:42] {dptl} need some consistancy again
[13:42] {magoo} thats good...me only 3-500 shares
[13:42] {magoo} used to go 1k 2k
[13:42] {magoo} doing better smaller
[13:42] {dino} v sm l .80\
[13:43] {dptl} if i am up for the day i do even smoller to stay up
[13:43] {GeoArb} i fine i do better if instead of all in scale out........ i do scale in scale out
[13:44] {brian3579} hd
[13:44] {brian3579} sorry
[13:45] {brian3579} computer going crazy
[13:47] {dino} aglt
[13:48] {dptl} will that cats break?
[13:49] {dino} ?
[13:50] {dino} buyout
[13:54] {patience} anybody know a utilities etf to trade?
[13:56] {Threei} JXI
[13:57] {Threei} Global Utilities Sector Index Fund
[13:57] {patience} you are GOOD
[13:57] {patience} ty
[13:57] {Threei} :)
[13:57] {patience} ok, just to test you
[13:57] {patience} how about a bear utilities etf
[13:57] {GeoArb} no XLU?
[13:58] {Threei} Utilities Select Sector SPDR (XLU)
[13:58] {patience} ty geo, haven't done a spdr for awhile...i suppose i can short them
[13:58] {GeoArb} www.smartmoney.com
[13:59] {GeoArb} has very good etf map
[13:59] {dino} uth
[13:59] {Threei} here are all of them:
[13:59] {Threei} http://seekingalpha.com/article/30084-utilities-etfs
[14:00] {patience} thanks...apparently utilities broke down yesterday and i'm looking for momo :)
[14:00] {Threei} and this will give you any ETF one can think of:
[14:00] {Threei} http://seekingalpha.com/page/etf-finder
[14:01] {patience} ty, quite the listing
[14:01] {GeoArb} excellent heat map here http://www.smartmoney.com/etf/maps/
[14:01] {GeoArb} for macro view
[14:02] {patience} i'm trying to keep to trading on the canadian side, unless I know CDN dollar is going up, doing the arbitrage thing
[14:03] {patience} ty Geo, now I need a drink to work through this one
[14:03] {dino} nue stop to .80
[14:03] {laserdave1} aapl getting funny here
[14:03] {dino} out +.55
[14:04] {laserdave1} carefull if long aapl
[14:04] {Threei} haha funny or uhoh funny?
[14:05] {laserdave1} funny like a clown funny
[14:06] {laserdave1} markets saved it
[14:07] {laserdave1} its still really weak
[14:07] {laserdave1} relative to markets
[14:08] {dino} biod
[14:09] {dino} speaking of funny, thats why cannibals don't like clowns
[14:09] {dino} they tast funny
[14:09] {Threei} hmmm
[14:10] {Threei} I'll take your word for it..in exchange for secret explanation
[14:10] {dino} clowns taste funny
[14:10] {laserdave1} alll i want from u aapl is 2 points
[14:10] {laserdave1} now get down
[14:10] {Threei} hey, I wanted secret...
[14:10] {laserdave1} i never had clown before
[14:11] {dptl} lol
[14:11] {magoo} short aapl u thinking?
[14:11] {Threei} if you don't like clowns, you simply don't cook them right
[14:11] {laserdave1} ummm
[14:11] {laserdave1} no comment
[14:12] {dino} i suspect you may be a clown
[14:12] {laserdave1} out aapl
[14:12] {laserdave1} will reenter if setup comes back
[14:13] {GeoArb} i am short skf very small
[14:13] {GeoArb} volatile creature
[14:17] {dino} gutsy
[14:17] {laserdave1} reshorted aapl
[14:17] {laserdave1} that skf is nuts
[14:17] {GeoArb} i love it
[14:17] {laserdave1} skf?
[14:17] {laserdave1} wow
[14:17] {dino} things down 70 pts from yesterday
[14:20] {Threei} USO is threatening to go under 105
[14:22] {Threei} 105 be lost
[14:23] {Threei} {105} yes sir
[14:23] {magoo} u in?
[14:23] {GeoArb} hey laser dave can you short skf?
[14:23] {Threei} in what?
[14:23] {GeoArb} in laser
[14:23] {magoo} sh USO
[14:23] {Threei} it's unavailable
[14:24] {GeoArb} yeah..... i had to call in so was wondering
[14:25] {dino} v sm l skf .25
[14:25] {laserdave1} no sorry
[14:25] {laserdave1} must be heavy demand
[14:26] {GeoArb} yeah i called up and begged saying i only need 500 and only for the day
[14:26] {GeoArb} i guess i am a naked illegal
[14:26] {Threei} my eyes
[14:26] {GeoArb} lol
[14:27] {laserdave1} geo dcc please
[14:28] {dino} stopped -100
[14:30] {magoo} vad, what u think?230 smakdown or run?
[14:31] {dino} rinsed
[14:31] {Threei} 230?
[14:32] {laserdave1} if i had to guess i say we rollover
[14:32] {laserdave1} but this market amazes me
[14:32] {laserdave1} so stops always in place
[14:35] {magoo} 2:30 pm vad
[14:35] {dino} good guess
[14:36] {Threei} watching FRE for bounce
[14:36] {laserdave1} thats a good aapl
[14:37] {laserdave1} got whipsawed on it and stopped 3 times
[14:37] {laserdave1} this one is good
[14:38] {laserdave1} i covered half
[14:38] {laserdave1} near low of day
[14:40] {magoo} disappointed in u dave now
[14:40] {magoo} u werre supposed to remind to not NOT do something today
[14:40] {dino} nue, wow glad i got out
[14:41] {laserdave1} hey dood
[14:41] {laserdave1} i was gooing to remind u
[14:41] {laserdave1} i was going to remind u a bit later
[14:41] {laserdave1} just in case u forget
[14:41] {laserdave1} this way fresh in your head
06[14:41] * laserdave1 slaps magoo around a bit with a large trout
[14:42] {laserdave1} bidding 171.31 on aapl in case big bar down
[14:42] {Chaeron} that's a role-reversal
[14:42] {laserdave1} sometimes even i bring out the heavy ditu artillary
[14:43] {laserdave1} duty
[14:43] {GeoArb} what laserdave no long skf? :)
[14:44] {laserdave1} dcc geo
[14:44] {dino} sglp going to hold?
[14:45] {Threei} feels so
[14:46] {laserdave1} im long sglp
[14:46] {laserdave1} gonna soak a bit more up if front of big bid 14.26
[14:46] {laserdave1} hes my oout
[14:47] {laserdave1} hidding .42 INET
[14:47] {laserdave1} not getting hit
[14:47] {laserdave1} got 100 more
[14:48] {laserdave1} there we go
[14:48] {laserdave1} got 400 now
[14:48] {dino} ok in sm
[14:49] {laserdave1} he cancelled got out half
[14:50] {laserdave1} now he comes in higher
[14:50] {laserdave1} games
[14:50] {magoo} its me its me he he
[14:50] {laserdave1} your ubss
[14:50] {laserdave1} haha
[14:50] {laserdave1} stop it then
[14:50] {dino} stop is .08 fwiw
[14:50] {laserdave1} im loong again small shares
[14:51] {laserdave1} holding 14$ as stop
[14:51] {laserdave1} he got filled this time
[14:52] {dino} stopped
[14:52] {laserdave1} out
[14:52] {laserdave1} brutal slippage
[14:52] {laserdave1} will look for better entry
[14:53] {dino} 12.35
[14:53] {dino} what the heck is w/it?
[14:54] {laserdave1} no idea
[14:54] {laserdave1} but that slippage was not fun
[14:54] {Chaeron} 13.25 or 12.35?
[14:54] {Chaeron} lol
[14:54] {dino} 12.35
[14:54] {Chaeron} answwered
[14:54] {Threei} can't think of anything but belonging to energy sector
[14:55] {Threei} which by no means explains the scale of dump
[14:55] {dino} oh oh
[14:55] {laserdave1} ok in again
[14:55] {dino} c'mon back to 15
[14:56] {laserdave1} stopped
[14:56] {laserdave1} ok im not tradeing this anymore
[14:57] {magoo} god dammit maverick..get back in thhe fight lol
[14:57] {laserdave1} haha
[14:57] {laserdave1} slippage on this one real bad
[14:57] {magoo} qqqq looks like sell fgrom hell
[14:59] {dino} oh man, i long for the old days of drop 2.50 and bounce, this8-10 point stuff is hard to play
[15:00] {patience} too many cross currents
[15:01] {Threei} can't believe it
[15:02] {magoo} yeah..i haven't traded since lunch
[15:02] {magoo} can't figure it
[15:03] {patience} gut says down but who wants to crystal ball it
[15:03] {magoo} now naz bounces./..sheesh..harder than yesterday
[15:03] {magoo} u agrrre vader?
[15:04] {Threei} can't tell
[15:04] {Threei} a lot of wierd stuff happens
[15:05] {Threei} incredible, no single word anywhere on SGLP??
[15:06] {GeoArb} looks like ill have to check
[15:06] {Threei} whatever... scalped it
[15:06] {GeoArb} lol
[15:06] {Threei} lol
[15:07] {Threei} of course no it goes back 20
[15:07] {GeoArb} come vad you shouldnt blindly nmake money
[15:07] {GeoArb} you should spend all your time on why
[15:07] {Chaeron} yeah... open your eyes when you trade
[15:07] {magoo} REALLY wheres the call??????
[15:07] {Threei} no frikin way I'd call this thing
[15:08] {dptl} hoku?
[15:08] {magoo} anyone holding 500 shares of goog into bell?
[15:12] {magoo} sigh...no sense of humor in entire room
[15:13] {GeoArb} crap
[15:13] {GeoArb} i took your call
[15:14] {magoo} ROFLOL
[15:14] {GeoArb} :)
[15:14] {dino} poor magoo
[15:14] {magoo} into bell..reports tonite..it will go 50 points up or down
[15:14] {magoo} in a blink
[15:14] {magoo} i know..ask dino from last qtr
[15:15] {magoo} ouch
[15:15] {magoo} so painful i got a personnal phone call {and lecture} from laserdave
[15:16] {GeoArb} impressive
[15:17] {Threei} US HOUSE VOTES DOWN GOVT BILL THAT WOULD RESCIND UNDRILLED LEASES FROM THE OIL COMPANIES
[15:17] {dino} not when i have to listen to it
[15:19] {dino} out v .20, +.40
[15:24] {laserdave1} hey guys
[15:25] {laserdave1} not sure whats going on but they have to restart system again
[15:25] {laserdave1} will do full enquire after close with what happend today
[15:25] {laserdave1} this is second time
[15:25] {Chaeron} aaaaaaaaaaaaaaaaaaaaaaaaaarrg
[15:25] {Chaeron} oh... ok... I'm ok
[15:26] {laserdave1} im in again
[15:26] {laserdave1} log in asap
[15:26] {magoo} i out trying
[15:26] {magoo} In
[15:26] {Chaeron} in what? SGLP?
[15:26] {magoo} those b@st@rds :)
[15:27] {magoo} in laser, was bumped out
[15:28] {laserdave1} log in again
[15:28] {laserdave1} system had to go down for a minute
[15:28] {laserdave1} if lose executor
[15:28] {laserdave1} just log out and back in
[15:29] {Threei} SGLP
[15:29] {Threei} TRADING LOWER BY 43%; MOODY'S NOTES IT HAS DOWNGRADED PRIVATELY HELD SEMGROUP LP SENIOR UNSECURED RATING TO B1 FROM CAA1
[15:29] {Threei} - its unclear if the two Semgroups are related, but both are headquartered in Tulsa, OK.
[15:33] {dino} sglp toghten to .59
[15:33] {dino} tighten
[15:34] {dino} out slip, +1.19
[15:34] {Threei} wtg
[15:34] {GeoArb} nice
[15:34] {dino} lucky
[15:34] {patience} very nice dino
[15:34] {dino} nerve racking
[15:34] {GeoArb} i am all glazed over... but trust dino to chug along
[15:35] {dino} i've been starting rough geo
[15:35] {dino} afternoon come backs you know
[15:36] {dino} atvid
[15:40] {Threei} 11.01 FNM for scalp
[15:41] {magoo} in
[15:44] {Threei} nope
[15:44] {Threei} scratch it
[15:45] {Threei} GOOG earnings... who knows what it does to market
[15:45] {laserdave1} MAGOOOOOOOOOO
[15:45] {laserdave1} i gave u the warning
[15:45] {laserdave1} :)
[15:45] {laserdave1} dcc
[15:46] {magoo} uh oh
[15:55] {Threei} REPORTEDLY THE HOUSE MAY VOTE NEXT WEEK ON FORCING RELEASE OF OIL FROM SPR
[15:55] {Threei} why?
[15:55] {Threei} is there shortage of oil?
[15:56] {cosmo} it leaks anyway
[15:56] {Threei} oh
[15:56] {cosmo} that's why they have to keep filling it...
[15:56] {Raven} 3 sigh
[15:56] {Threei} lol
[15:56] {cosmo} oops
[15:58] {Threei} interested to have a look at GOOG but not going to play anything off it
[15:59] {dptl} have a good evening all:)
[15:59] {Threei} take care dp
[15:59] {Threei} oil under 130... that makes my day
[15:59] {Threei} under 80 will make my year
[16:00] {laserdave1} get ready goog
[16:01] {Threei} Pelosi: offshore drilling is off the table
[16:01] {Threei} GOOG
[16:01] {Threei} REPORTS Q2 $4.63 V $4.74E
[16:01] {magoo} 40 ppoints
[16:01] {Threei} R $3.9B (EX-TAC) V $3.87BE
[16:03] {magoo} i said 50 points
[16:03] {magoo} no not which way was prob
[16:03] {Threei} that was fun to watch
[16:03] {Threei} ok guys, thank you all
[16:04] {Threei} have a great evening, see you tomorrow
[16:04] {Chaeron} thanks again Threei
[16:04] {magoo} bye vad
[16:04] {Chaeron} Dave, thanks for the help
[16:04] {magoo} ty
[16:04] {Chaeron} oh and magoo?
06[16:04] * Chaeron slaps magoo around a bit with a large trout
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