Session Start: Mon Jun 09 00:00:00 2008
[08:01] {Threei} LEH
[08:01] {Threei} MOODY'S CHANGES LEHMAN'S RATING OUTLOOK TO NEGATIVE FROM STABLE
[08:01] {Threei} - Today's rating action follows Lehman's reporting of a $2.8B net loss in Q2-08 that resulted from a combination of asset valuation marks and a sharp decline in hedge effectiveness, which had previously buffered Lehman's bottom line from material losses. Moody's notes, however, that the firm would have been just above breakeven in the first quarter of the year if gains on its structured notes were excluded from income.
[08:01] {Threei} - Concurrent with its earnings announcement, Lehman will seek to offset the negative capital impact of the loss by issuing $4B of new common shares and $2B of 3-year mandatory convertible preferred stock. Moody's views the capital raise, in conjunction with balance sheet de-leveraging/de-risking, as a positive step in bolstering both the balance sheet and investor confidence.
[08:02] {Threei} 06/09/08 06:48am
[08:02] {Threei} [LEH] Lehman Brothers Holdings Inc Reports Q2 -$5.14 v -$0.22e, R -$668.0M v $2.62Be; Plans to raise $6B in capital (as expected)
[08:02] {Threei} - CEO: "Very disappointed in these results."
[08:02] {Threei} - Grew holding company liquidity pool to an estimated $45B from $34B at the end of the prior quarter.
[08:03] {Threei} - Decreased gross assets by approximately $130B and net assets by approximately $60B.
[08:03] {Threei} - Reduced gross leverage to under 25.0x from 31.7x at the end of Q1, and reduced net leverage to under 12.5x from 15.4x
[08:03] {Threei} - Reduced exposure to residential mortgages, commercial mortgages and real estate investments by an estimated 15-20% in each asset class.
[08:04] {Threei} 06/08/08 11:02pm [LEH] Lehman Brothers Holdings Inc South Korea's Korean Development Bank and Woori say they do not plan to help Lehman raise capital
[08:05] {Threei} ROYL
[08:05] {Threei} ANNOUNCES AGREEMENT FOR $4M PLACEMENT
[08:05] {Threei} - . Funds from the offering, expected to close later Monday, will be used for general working capital that will allow the company to accelerate drilling and development on several key projects ultimately leading to enhanced cashflow performance.
[08:05] {Threei} - The terms of the agreement include the sale of 547,945 shares at $7.30 with warrants for an additional 191,781 shares at the same price.
[08:26] {Threei} UPDATE: JURY FINDS EXTENDED TASER DEVICE APPLICATION 15 PERCENT RESPONSIBLE FOR ARREST RELATED DEATH OF ROBERT C. HESTON
[08:26] {Threei} - nnounced that a jury verdict in United States District Court for the Northern District of California in the case of Betty Lou Heston, et al. v. City of Salinas, TASER International, Inc., et al. found that the extended duration of a TASER ECD contributed 15 percent to the death of Robert C. Heston on February 19, 2005. While the jury attributed 85 percent of the cause of death to the
[08:26] {Threei} actions of the decedent, the jury awarded $1,021,000 in compensatory damages and $5,200,000 in punitive damages against TASER International based on alleged negligent failure to warn. The jury verdict was delivered Friday evening.
[08:27] {Threei} to my knowledge this is a first case where Taser is found responsible
[08:27] {Threei} may open a floodgate
[08:27] {Threei} OPEC PRESIDENT: OIL WOULD TRADE AT $70/BARREL WITHOUT SPECULATION; THE WEAK DOLLAR ADDS $40 A BARREL TO THE OIL PRICE
[08:27] {Threei} - Oil supply is largely sufficient; Price rise is not the result of a supply shortage
[08:44] {Threei} quite an interesting read:
[08:44] {Threei} According to the Wall Street Journal, on Friday, the top finance official for the UK's opposition party met with the Fed's Bernanke. The report said that both parties discussed ways to prevent a repeat of the credit crisis. According to sources in Washington, the Financial Times wrote, US officials are concerned about the recent rise in the EUR/USD pair following Trichet's surprise comments last week. Some US officials believe that an ECB rate hike will undermine efforts to prevent the USD from falling further against the EUR. The article adds that currency fluctuations are expected to be discussed by the G8. The UAE Central Bank Chief said overnight that the GCC currency could be delayed beyond 2010, due to inflation. The Central Bank Chief added that the Dollar will remain currency of choice in sovereign foreign exchange reserves. Liam Halligan wrote in the Telegraph overnight that a decade on, the Euro-Zone is still enduring the co-ordination problems that have bedevilled it from the outset.
[08:44] {Threei} France is set to grow almost 2% this year, Italy barely at all. The credit crunch has sent Spain into a tailspin, but Germany will probably muscle its way through. So where should the ECB set interest rates? Trichet hinted last week that with Euro-zone inflation now at 3.6% rates may need to rise. That may suit inflation-averse Germany, but it could crucify debt-driven nations such as Italy, Spain and Ireland. The ECB's policy headaches just got even worse. Trichet's clear signal on rates caused the Euro to rise, which sent the dollar crashing. However, that dollar fall, in turn, sent oil spiraling all the way to $139 a barrel. That, of course, raises Europe's energy costs, so provoking more Euro-zone inflation.
[08:45] {Threei} Trichet merely compounded the problem he was trying to solve. As the downturn deepens, and political tensions rise, the policy needs of the region's very different major economies - to say nothing of the little ones - will somehow need to be reconciled. That is why I genuinely believe the euro may ultimately not survive. Currency unions have endured only when - like the UK and US - they've been fused after generations of political union and held together by a federal tax system. The euro, in contrast, is built on a series of policy conflicts, confusions and even delusions.
[08:48] {Threei} LEH
[08:48] {Threei} CNBC: HEARING PRICING OF ITS $6B OFFERING TO OCCUR AT 9AMET; HEARING PRICING OF COMMON STOCK OFFERING TO BE AT $28/SHR
[08:48] {Threei} - conv. offering to have 8.75% coupon with an 18% coversion premium
[08:49] {magoo} morning
[08:49] {Threei} magoo :)
[08:57] {magoo} quite alot to read this morn in room
[08:58] {Threei} yeah, I am trying to make sure our intellectual degradation is not too pronounced, and we at least keep our reading abilities intact
[08:58] {Threei} also, big bird is back... gotta give him something to do after prolonged vacation :)
[08:59] {Raven} 3 sigh ... the same old bs I see
[08:59] {Threei} yes sir :)
[09:00] {Threei} can't dissapoint you, ca we
[09:00] {cosmo} spell chek?
[09:00] {Raven} 3 nothing changes ... it just gets recycled
[09:00] {Threei} and that's the way we like it
[09:00] {Raven} 3 chek ... ? hi cosmo :)
[09:01] {Threei} in the sea of change, there should be one island of stability
[09:01] {cosmo} it fits the model...no?.. :)
[09:01] {Raven} 3 oh yea
[09:01] {dptl} good morning all
[09:01] {Raven} 3 stability is relative ... eh cosmo ?
[09:01] {Threei} dp :)
[09:01] {Raven} 3 dp :)
[09:02] {cosmo} not my relative
[09:02] {dptl} :)
[09:02] {Raven} 3 lol
[09:02] {cosmo} so... how was the black forest?
[09:03] {Raven} 3 Great Dismal Swamp ... most satisfying
[09:03] {cosmo} happy for ya
[09:04] {Raven} 3 yes ... the mosquitos are also
[09:04] {cosmo} oh
[09:04] {Raven} 3 but that problem can be solved
[09:04] {cosmo} drink lots of rum?
[09:05] {Raven} 3 always
[09:05] {Raven} 3 binoculars work quite well thru mosquito netting
[09:05] {Raven} 3 never tried that before
[09:06] {cosmo} just keep a low f stop...
[09:06] {cosmo} i think
[09:07] {Raven} 3 f-stop ... on binos ? whatever
[09:07] {Threei} LEH all over the place today
[09:09] {magoo} R
[09:09] {magoo} A
[09:09] {magoo} V
[09:09] {magoo} E
[09:09] {magoo} N
[09:09] {magoo} LEH 10 am conf call
[09:09] {Raven} 3 hey M a GGG oo OOOOOOOOOOOOOOOOOO
[09:10] {cosmo} VRTX
[09:11] {cosmo} trys to hold 34.50
[09:11] {cosmo} tries
[09:11] {fernp} Good morning
[09:12] {Threei} fern :)
[09:12] {Threei} be back in 5
[09:20] {Threei} LEH
[09:20] {Threei} CONFIRMS PRICING OF COMON STOCK OFFERING AT $28.00 PER SHARE
[09:23] {cosmo} VRTX 35 ...gonna test
[09:23] {cosmo} imho
[09:24] {Threei} PAAS
[09:24] {Threei} RAYMOND JAMES INITIATES PAAS WITH STRONG BUY
[09:26] {Threei} XIDE
[09:26] {Threei} 06:20am [XIDE] Reports Q4 $0.80, R $1.03B v $1.04Be (only one estimate)
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:31] {magoo} would LEH drop to 28?
[09:31] {magoo} ui woyul;d think
[09:31] {Threei} watching TASR for short on bounce
[09:31] {Threei} not available
[09:32] {Threei} 08:35am [SWKS] Price Target raised to $15 from $11 at Morgan Stanley; Maintains overweight rating
[09:32] {Threei} 11 looks worth a try long if gets hit
[09:34] {Threei} XIDE
[09:34] {Threei} small shares long off 18 support
[09:35] {Threei} get out here if you got it
[09:35] {magoo} missed..tried 06
[09:35] {Threei} didn't leave any time to think
[09:35] {magoo} nice read tho
[09:36] {magoo} RIMM interesting for bounce
[09:36] {Threei} nvtl
[09:37] {Threei} keeping an eye on it, not sure of a play yet
[09:37] {Threei} aggressive play would be 12.06 long
[09:38] {Threei} with .94 stop/invalidating level
[09:38] {magoo} in rimm l .23
[09:39] {dino} ma getting hit
[09:40] {magoo} stopped RIMM ouch
[09:41] {Threei} SWKS invaliadted
[09:42] {Threei} PAAS
[09:42] {Threei} .82 - .83 long
[09:42] {Threei} entry off pullback is usually better on this one
[09:42] {Threei} half lot
[09:43] {dino} feels heavy
[09:43] {Threei} first strength from here
[09:43] {dino} market i mean
[09:43] {magoo} in .50
[09:43] {Threei} stop under .40
[09:44] {Threei} lol
[09:44] {Threei} LEH
[09:44] {Threei} HEARING DEFENDED AT MERRILL LYNCH
[09:44] {dino} mer, hearing defended by leh next
[09:44] {Threei} yup
[09:45] {Threei} LEH phone call to MER: hey, I forgot whose turn to defend whom today
[09:45] {dino} bingo
[09:46] {esemde} good morning....
[09:46] {Threei} ese :)
[09:46] {dino} dino downgrading magoo
[09:47] {esemde} major sell...
[09:48] {dino} :)
[09:48] {Threei} AKAM half lot long
[09:48] {Threei} .50
[09:48] {Threei} stop .35
[09:51] {Threei} half out PAAS here
[09:53] {Threei} NQ nice uptick
[09:53] {Threei} come on AKAM
[09:54] {Threei} good boy
[09:56] {Threei} LANDENBURG MANAGING DIR: BELIEVES LEH WILL SURVIVE, BUT LACK PREVIOUS PROFITABILITY
[09:56] {Threei} LEH S&P AFFIRMS RATINGS AFTER CAPITAL RAISE
[09:57] {Threei} LEH HEARING DEFENDED AT CITIGROUP
[09:57] {Threei} they got more sophisticated
[09:57] {Threei} three of them now defend each other in circle fashion
[09:58] {esemde} longAMLN ..67 1/2 LOT
[10:00] {Threei} APRIL PENDING HOME SALES (M/M): 6.3% V -0.4%E
[10:01] {Threei} PAAS balance stopped
[10:02] {dino} ma l 288
[10:02] {dino} fast
[10:03] {Threei} nice AMLN ese
[10:04] {esemde} OUT AMLN .89
[10:04] {esemde} +.22
[10:04] {Threei} SQNM... maybe not done yet
[10:05] {Threei} .30 long, half lot, for adrenalin-deprived only
[10:07] {esemde} bstop long HANS 35.14
[10:08] {esemde} 35.46 FOR SWING TRADERS
[10:11] {esemde} tks vad didn't see your previous post
[10:14] {esemde} ouuu thought about CBRL
[10:14] {Threei} OFHEO: Q1 CAPITAL FOR FNM AND FRE 'ADEQUATE'
[10:16] {Threei} NVTL
[10:16] {Threei} if you got .06, half out here
[10:17] {Threei} AKAM, half out or take scalp
[10:17] {esemde} LONG HANS....pulled bstop went aggressive at .10
[10:18] {esemde} stop .95
[10:19] {esemde} kick it up a notch NDX!!!!
[10:19] {Threei} vague feeling that SQNM prepares surprize
[10:19] {esemde} what kind of surprise?
[10:20] {Threei} if holding around these levels, break of Fri high and explosive move
[10:20] {esemde} hmmmmmm
[10:22] {magoo} surprised AKAM didn't respond bvetter
[10:22] {Threei} yeah
[10:23] {Threei} worked but kind of lukewarm
[10:23] {magoo} because it can be explosive
[10:23] {esemde} was there news on SQNM..vad? got here abit late this morning
[10:23] {magoo} many times scalpers regrett on it
[10:24] {Threei} last week ese... news that led to that gap and continuation over a few days
[10:24] {esemde} NDX....what kind of move is that???
[10:24] {esemde} ok.....kind of remember that
[10:24] {dino} ma stopped .20 +.20
[10:25] {esemde} come on hans
[10:25] {esemde} ignore NDX
[10:25] {esemde} do your own thing.....fat chance
[10:27] {dino} f'ing ma hit my stop then runs a buck
[10:27] {esemde} i'm about to be stopped in HANS as well dino
[10:28] {esemde} gettin close
[10:28] {Threei} what's with SEAC?
[10:28] {dino} whippy
[10:28] {Threei} no news that I see
[10:28] {dino} nothing i see
[10:31] {Threei} look how well SQNM is supported
[10:31] {Threei} after such run, and close to high again
[10:31] {magoo} i just took some here
[10:31] {magoo} has the "feel" risky
[10:31] {judijim} gm traders
[10:31] {Threei} not sure about aggressive entry
[10:31] {Threei} but it's a matter of style
[10:31] {Chaeron} magoo does have "style" ... good morning all
[10:31] {Threei} in this case I'll prefer to wait for confirmation
[10:32] {magoo} half lot .08
[10:32] {Threei} chaeron :)
[10:32] {magoo} waiting .88 AKAM
[10:32] {Threei} greedy greedy
[10:32] {dino} midd
[10:32] {esemde} CCCCCHHHHHH!!!!!!!!
[10:32] {Chaeron} heya ese :)
[10:32] {Threei} SEAC, .46 long if holding above .35
[10:34] {magoo} morn CHINchar
[10:35] {Chaeron} hi magster
[10:35] {dino} aepi blood
[10:37] {magoo} out AKAM here .71 TY vad
[10:37] {Threei} welcome
[10:38] {magoo} mkts scarin me
[10:38] {Threei} CROX
[10:38] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[10:38] {Threei} - Nike rumored as buyer.
[10:38] {Threei} markets? it's nothing... I saw a robin yesterday, staring right me in the eyes - that was scary
[10:39] {Chaeron} spring finally make it up that way vAd?
[10:39] {magoo} old girlfriend??lol
[10:39] {magoo} {named robin}
[10:39] {Threei} lol
[10:39] {esemde} not really CH.....
[10:40] {esemde} coldest spring in a while
[10:40] {esemde} climate change ...who knows....
[10:40] {Threei} maybe I should stop watching Hitchcock 24/7
[10:41] {dino} midd sm l .78
[10:41] {Threei} is it my hallucination of SQNM is really getting ready
[10:41] {Threei} of = or
[10:41] {magoo} can 2 people be in same halluciation?
[10:41] {Threei} yes if they share what they smoke
[10:42] {esemde} DAAAAA!!!!!!!! hans stopped
[10:42] {magoo} cough cough...waaa
[10:42] {esemde} -.15
[10:42] {magoo} pass lighter vad
[10:42] {cosmo} ah..Hitchcock. Good archetype ya
[10:43] {Chaeron} still waiting for .30 on SQNM?
[10:43] {magoo} OY..
[10:43] {Threei} let me leave it to each trader to find his way to trade this one chaeron
[10:44] {Threei} it has no right way to trade it
[10:44] {Roman} 21 COIN
[10:44] {Threei} wow
[10:45] {Threei} what's with it
[10:45] {Roman} 21 just crazy
[10:45] {Threei} ah
[10:45] {Roman} 21 wants $7.5 but this market is crazier
[10:48] {Threei} OPEC'S AL BADRI: MEMBER COUNTRIES TO INVEST $160B FOR 5M BPD OUPUT INCREASE BY 2012 YEAR END
[10:48] {Threei} {USO}
[10:48] {Threei} timely exit AKAM mags
[10:49] {Roman} 21 magoo is either damn luck or good
[10:49] {Roman} 21 not sure which one
[10:49] {Roman} 21 long OMNI
[10:50] {Roman} 21 1/2 ....6.24,.25
[10:50] {magoo} lucky:)
[10:50] {Threei} DUK
[10:50] {Threei} LAUNCHES PLAN TO OWN AND OPERATE SOLAR POWER GENERATION AT UP TO 850 NORTH CAROLINA SITES
[10:52] {esemde} long HERO .10
[10:53] {esemde} AGRESSIVE ENTRY AGAIN
[10:53] {Roman} 21 long WRES
[10:53] {Roman} 21 small 14.40
[10:54] {Roman} 21 out 1/2 OMNI +.21
[10:55] {Chaeron} out OMNI + .17 Thanks a bunch Roman
[10:55] {Roman} 21 yw
[10:56] {Roman} 21 TXCO feel like a entry on pullback VAD?
[10:56] {Threei} pretty much
[10:56] {Threei} with .25 stop
[10:57] {Roman} 21 small
[10:58] {Roman} 21 i think it wants to rinse people under .25 tho before resuming higher
[10:59] {Roman} 21 LINE?
[11:00] {cosmo} 5 to 3 odds
[11:00] {dino} lol
[11:00] {Chaeron} good one cosmo..
[11:00] {cosmo} :)
[11:01] {dino} midd stop to .34\
[11:02] {dino} to .48
[11:04] {Threei} SBAC
[11:04] {Threei} .80 long if stays above .70
[11:04] {dino} to .58
[11:06] {Threei} SAUDI ARABIAN GOV: NOTES WILL CALL MEETING FOR PRODUCER AND CONSUMER COUNTRIES FOR OIL PRICE DISCUSSION
[11:06] {Threei} - Reiterates Oil Min comments that they believe that oil markets well supplied, and that fundamentals do not explain current oil price spike
[11:07] {Threei} I wish they all were saying oil goes to 300 and that's what fundamentals say
[11:07] {dino} out midd .63 +.85
[11:07] {Threei} then we would finally have a top
[11:08] {Threei} beautyful one dino
[11:08] {dino} ty
[11:09] {Threei} NCOC again
[11:09] {Threei} did you play this one last week Roman?
[11:09] {Threei} or I am hallucinating
[11:10] {Roman} 21 yes, i did
[11:11] {dino} safm l .25
[11:15] {magoo} sbac valid?
[11:18] {Threei} never lost .70
[11:20] {Threei} IRAN OIL EXEC: PLANS TO REDUCE THE OIL STORED ON TANKERS IN THE PERSIAN GULF, EXPECTS BACKLOG TO BE CLEARED BY MID SUMMER
[11:21] {cosmo} hmmm...
[11:21] {cosmo} and now a gult?
[11:23] {dino} cpla sm l .10
[11:24] {dino} one could only hope cos
[11:25] {Threei} SBAC over 1:1, half out
[11:25] {Threei} scalpers know what to do
[11:27] {dino} going to top soon, imo. lots of friends asking q's on oil futures latey
[11:27] {dino} usually a sign
[11:27] {cosmo} sigh...i ment 'glut'
[11:28] {Threei} cab driver/shoe shining boy indicator?
[11:28] {dino} yes
[11:28] {Threei} usually works like charm
[11:28] {Threei} ese, look dcc please
[11:30] {Threei} SBAC over 1:2
[11:30] {Threei} make up your mind to take profit or trail and ride
[11:33] {Threei} over 1:3
[11:33] {Threei} everyone's asleep?
[11:33] {magoo} not in
[11:33] {Threei} should I stop interrupting your rest with those pesky calls?
[11:33] {magoo} thought i was chasing it at .86..sigh
[11:33] {Threei} it pulled back right to exit
[11:33] {Threei} to entry sorry
[11:34] {Threei} gave second chance
[11:36] {magoo} how about here/
[11:36] {magoo} ?
[11:36] {magoo} KIDDING
06[11:36] * Threei slaps magoo around a bit with a large trout
[11:38] {Threei} NCOC
[11:38] {Threei} 8.15 worth a try
[11:38] {Threei} if that big offer gets taken
[11:38] {dino} cpla stop to .46
[11:39] {dino} out slipped cpla ave .44. +.34
[11:41] {Threei} stop under 8
[11:52] {Threei} trailing NCOC to 8.05
[11:53] {Threei} hitting 1:1
[11:53] {Threei} and over
[11:53] {fernp} out. thank you Vad
[11:53] {Threei} no, thank you
[11:54] {Threei} I decided if no one took this one either I'd remove myself to monastery
[11:54] {dptl} out .25 ty
[11:54] {Threei} whew
[11:54] {fernp} lol
[11:55] {dino} safm stopped .97 -.28
[11:58] {Threei} just how long is SQNM going to tease
[11:59] {magoo} maybe not in cards fior today
[12:00] {Chaeron} well, it's lunchtime and not once have I seen a carrot or boot or 2x4 outta you yet Vad...
[12:00] {Threei} holding so well... digesting the resistance...
[12:00] {Threei} really... something's wrong with me
[12:01] {Chaeron} you awake?
[12:01] {Threei} I never a,
[12:01] {Threei} am
[12:01] {Chaeron} ok, good good... that's normal
06[12:01] * Threei hangs a carrot at 13 for SQNM and kicks darn stock in the rear woth heavy duty steel-toed electrocharged army boots
[12:04] {esemde} gone for the day all...still hangin on to HERO..we'll se what happens by the end of the day
[12:04] {dino} ma feels like it want 275 before expiration
[12:04] {Threei} take care ese :)
[12:04] {Chaeron} bye ese
[12:04] {esemde} see ya CH....
[12:04] {dino} later es
[12:04] {esemde} dino
[12:05] {Threei} sbac
[12:05] {Threei} if pulls back to 34.80 will be interested into bounce
[12:06] {dino} alog wicked daily
[12:08] {Threei} wierdo
[12:08] {magoo} mktsselling here
[12:08] {Threei} those tails on daily spell troubles :)
[12:15] {Threei} SBAC long half lot
[12:16] {Threei} stop under .75
[12:21] {Threei} FED'S STERN: BEAR STEARNS RESCUE MAY HAVE SIGNIFICANT COST AS IT ENCOURAGES RISK TAKING - 2007 ANNUAL REPORT
[12:21] {Threei} really?
[12:21] {Threei} why is it that words "moral hazard" were on everyone lips but Feds
[12:23] {Threei} let's get cute and keep SBAC stop .79
[12:23] {Chaeron} now you're dreaming... look at this group... we'll never be "cute"
[12:24] {dino} speak for yourself
[12:24] {Threei} not only am I dreaming - I refuse to wake up
[12:24] {Threei} lol dino
[12:24] {Chaeron} lol
[12:33] {Threei} SBAC almost 1:1 for scalpers
[12:41] {dino} spsx
[12:45] {magoo} vad, if i may, where is entry on second try sbac?
[12:46] {Threei} second?
[12:46] {Threei} you mean if it pulls back from here?
[12:46] {magoo} i thought u reentererd?
[12:46] {Threei} yes, it was .85 - .86 at the moment
[12:47] {Threei} wow, what happened to QTWW?
[12:48] {Threei} no news that I see
[12:48] {Threei} bounce candidate
[12:48] {Threei} .17 entry, .09 stop
[12:50] {Chaeron} watching SQNM again
[12:52] {Chaeron} NCOC too
[12:52] {magoo} vad, u usually have a good feel...what your thoughts on state of market?
[12:52] {magoo} enbd of world or market resilent?
[12:52] {Threei} none really, very indecisive day so far
[12:53] {magoo} no i meant like overall
[12:53] {Threei} yes
[12:53] {Threei} really can't tell
[12:53] {dino} partial fill spsx s .15
[12:54] {dino} ok sm wide
[12:58] {dino} cov .50 spsx +.65
[13:00] {dino} hmm
[13:02] {Threei} out QTWW with scalp
[13:04] {Threei} no takers?
[13:05] {Threei} monastery... here I come
[13:06] {Threei} DOLLAR MAKES NEW HIGHS AGAINST THE EURO AND YEN POST PAULSON/ GEITHNER COMMENTS
[13:06] {Threei} - Sec. Paulson noted that he would never take currecny intervention or any other policy tool "off the table" with several wires attributing recent $ strength to this comment.
[13:06] {Threei} - Dealers note EUR/USD support around 1.5630 (post G7 pivot level). USD/JPY resistance at 106.70 (1-year downtrend line)
[13:08] {Threei} SQNM is very sneaky
[13:09] {dino} lodf
[13:10] {dino} lod con=ming for ndx
[13:10] {Threei} AAPL
[13:10] {Threei} JOBS: INTRODUCES NEW VERSION, SNOW LEOPARD
[13:11] {dino} wow, my typing is terrible today
[13:13] {Threei} I wish I could add "today" to the same line
06[13:15] * Threei slaps magoo around a bit with a large trout
06[13:15] * Threei slaps Chaeron around a bit with a large trout
06[13:16] * Threei slaps dptl around a bit with a large trout
[13:16] {Chaeron} }{
[13:17] {Threei} ok SQNM... are you ready?
[13:17] {Threei} or teasing again
[13:18] {Threei} {SQNM} I am ready
[13:19] {Chaeron} I'm out @.33 + 30
[13:19] {Threei} FED'S FISHER: GLOBAL DEMAND PRESSURES ARE PUSHING UP INFLATION, WEAKER DOLLAR COULD FEED BACK INTO PRICES - CNBC INTERVIEW
[13:19] {Threei} - Imperative to deal with new consumer demand for some time.
[13:19] {Threei} - Most concerned about inflation expectations, reiterates Treausry Secretary Paulson's comments with regards to intervention, noting that they never take anything "off the table," including currency intervention.
[13:19] {Threei} - Notes the best way to establish credibility is by anchoring inflation expecations. Controlling inflation is imperative for sustained growth.
[13:19] {Threei} - Time must be allowed for the Fed's liquidity actions to take effect. Borrowers should expect stronger oversight.
[13:19] {Threei} - It would be "disasterious" if the Fed monetized the US national debt.
[13:21] {Threei} poor LEH
[13:21] {Threei} no matter who is defending it, it just goes down the drain
[13:22] {Threei} half out SQNM
[13:22] {Chaeron} feeling foolish about that .33 exit on SQNM
[13:26] {Chaeron} ok, now it's just mocking me
[13:26] {Threei} told ya it had real potential
[13:26] {Chaeron} yeah... 13
[13:27] {Chaeron} just being conservative this week
[13:28] {Threei} do I hear 13?
[13:28] {Chaeron} there you go
[13:28] {magoo} 14
[13:28] {Chaeron} see? I know what I'm doing... just no faith in self :)
[13:28] {hawkfan4} pure beauty, thx vad
[13:28] {Threei} hawk :)
[13:29] {Threei} mags, taking off the table any??
[13:29] {Threei} be reasonable
[13:30] {magoo} trying
[13:30] {magoo} out
[13:30] {magoo} ty
[13:30] {Threei} welcome
[13:31] {magoo} very nice on your part
[13:31] {Chaeron} nice job all... ty Vad
[13:31] {Threei} play after play I was taking scalps, from 10 to 30 cents, but on this one told you from the get-go, it was not a scalp
[13:31] {Threei} when it has mojo, it has it
[13:31] {magoo} u said 13 from onset i believe
[13:32] {Threei} ok, now tell me... why did you skip cute little QTWW scalp
[13:32] {magoo} who?
[13:32] {Threei} you
[13:32] {magoo} i took .21
[13:33] {Threei} and you:
06[13:33] * Threei slaps Chaeron around a bit with a large trout
[13:33] {magoo} but canned it flat
[13:33] {Threei} you did?
[13:33] {magoo} yeah
[13:33] {magoo} no like
[13:33] {Threei} ok then
[13:34] {Threei} different take on play is fine... it's total ignore that puzzles me :)
[13:35] {magoo} well...i do have u on ignore as u know
[13:35] {magoo} wheres laser been?scarse lately
[13:35] {magoo} vaca vad?
[13:37] {Threei} yes but he does his best to pop up every day
[13:37] {Threei} which is commendable
[13:37] {Threei} no way I'd do that on my vacation
[13:37] {magoo} yeah..we know lol
[13:37] {Threei} when Alaska time comes, I'd better communicaate with orcas than with traders {G}
[13:42] {magoo} aapl bounce vad?
[13:42] {Threei} ECB'S TRICHET: CENTRAL BANKS COORDINATED 'VERY INTENSELY' FOR THE FINANCIAL MARKET TURMOIL, EUROZONE COMPANIES ARE AVOIDING ANY LARGE IMPACT FROM THE TURMOIL AT CURRENT
[13:42] {Threei} - Reiterates that there is a separation between the stance on monetary policy and money market actions when events are unexpected; market correction 'ongoing'
[13:42] {Threei} I wouldn't mags
[13:47] {magoo} now?
[13:48] {Threei} I don't feel it's worth the risk until trend changes
[13:48] {Threei} why jump on all this stuff?
[13:48] {Threei} haven't we found play after play today on obscure stocks?
[13:49] {Threei} with close to 100% hitting rate?
[13:49] {Threei} look at AAPL
[13:50] {Threei} 70 cents drop since I started typing this answer
[13:50] {Threei} I mean full buck
[13:50] {Threei} I mean buck and 30
[13:50] {Threei} I mean... OK, you got the idea
[13:51] {Threei} not every battle is worth fighting
[13:51] {magoo} yup
[13:52] {Threei} I am sure you would be hard pressed to find any room that would perform at such percentage today as we did
[13:52] {Threei} thatnks to what it happens?
[13:52] {Threei} extreme pickiness, risk adversity, chosing our battles carefully, taking safe plays only
[13:53] {Threei} worst case scenario, what size would have our stops been?
[13:53] {Threei} 10-15 cents?
[13:53] {Threei} let them fight AAPL today
[13:53] {Threei} or LEH
[13:54] {Threei} a lot of dead bodies will be scattered all over that battlefield
[13:54] {Threei} 4 bucks down since we started this dialog?? :)
[13:54] {Chaeron} wow... missed that short :)
[13:54] {magoo} bounce??
06[13:55] * Threei slaps Chaeron around a bit with a large trout
06[13:55] * Threei slaps magoo around a bit with a large trout
[13:55] {Chaeron} roflol
[13:55] {Threei} anyone else wants to trade AAPL today?
[13:55] {Threei} do I have a trout for ysa
[13:55] {Threei} ya
[13:57] {dino} ndx -5% from thursday
[14:13] {dptl} .
[14:14] {Threei} AAPL
[14:14] {Threei} INTRODUCES IPHONE 2.0 FIRMWARE, ADDITIONAL LANGUAGE, APPLICATION SUPPORT, IPHONE 2.0 TO BE AVAILABLE IN JULY
[14:14] {Threei} - Added MSFT office support
[14:14] {Threei} this news certainly deserves such selloff eh?
[14:14] {magoo} cramer was tellin people to sell
[14:15] {Threei} so they did, didn't they
[14:18] {magoo} he has post on site..sell 1/4 friday, 1/4 this morn..1/4 at close..hold 1/4 for tomorrow
[14:18] {magoo} seriously
[14:19] {dino} imo ndx support is 1940
[14:19] {Threei} so any reasonable one thinks why don't I simply sell it all today eh
[14:20] {dino} watching alog for bounce, quick mover
[14:23] {dino} ma hit 276, didn't think that would happen so quickly
[14:24] {fernp} MasterCard says Discover's damages claim is baseless - Bloomberg
[14:25] {magoo} peolpe follow him off a cliff vad...like we do with u here he he
06[14:25] * magoo slaps laserdave1 around a bit with a large trout
[14:25] {dino} lemmings
06[14:26] * Threei slaps laserdave1 around a bit with a large trout
06[14:27] * Chaeron slaps laserdave1 around a bit with a large trout
06[14:27] * magoo slaps Raven around a bit with a large trout
[14:30] {dino} sm l vrtx .65
[14:32] {Threei} AAPL
[14:32] {Threei} INTRODUCES 3G IPHONE MODEL (AS EXPECTED)
[14:32] {Threei} what an utter and complete confusion
06[14:37] * Raven slaps dino around a bit with a large trout
[14:37] {dino} ouch
[14:37] {dino} what was that for?
[14:37] {Raven} 3 just to say hello
[14:38] {dino} hi
[14:38] {dino} is that so hard
[14:39] {Raven} 3 no, but magoo got me first sso I thought of you
[14:40] {magoo} huh??
[14:40] {dino} out vrtx .05 +.40
[14:40] {magoo} me too, ty dino
[14:40] {magoo} exact
[14:40] {dino} well, at least you're tinking
[14:40] {dino} thinking
[14:41] {dino} gj magoo, nobody paying attn to me today
[14:41] {dino} 4 for 5
[14:42] {magoo} i do NOT want to PAY with u..i want to earn with u
[14:42] {dino} rrgb blood burger
[14:43] {dino} ahhhh
[14:44] {magoo} fighting urge to gpo off on trout rampage
[14:46] {magoo} vad...AAPL 8 point reversallllllllllllllllllllllllll
[14:47] {Threei} kewl
[14:47] {Threei} too bad those who sold only 1/4 earlier won't be able to take advantage of that - they will take their time to recover from heart attack
[14:53] {magoo} now AAPL dives 4 POINTS
[14:55] {Threei} yup... I am so gkad I stay away
[14:55] {Chaeron} dang... missed that short again!!! :)
[14:55] {magoo} me TTTTTTTTTOOOOOOOOOOOOOO
[14:56] {Threei} you mean 6 points mags
[14:56] {Chaeron} dang!
[15:02] {Threei} SQNM tries to gain momentum again
[15:02] {magoo} so fast vad..i dunno what i mean
[15:02] {Threei} yeah, I gave up on guessing :)
[15:12] {Threei} anyone's adrenalid-deprived?
[15:12] {Chaeron} yeah.... falling asleep
[15:13] {Threei} SQNM, if chews through YBSS offer
[15:13] {Threei} UBSS
[15:13] {Threei} not sure it will work but will wake you up for sure
[15:16] {dino} alog sm l .50, jumpy
[15:19] {Threei} oil 134
[15:30] {dino} matk sm l .77
[15:33] {dino} out alog .90, +.40
[15:39] {dptl} have a good evening all....:)
[15:39] {dino} tighten matk stop to .67
[15:39] {magoo} c u dp:)
[15:39] {dino} cya dp
[15:39] {Threei} take care dp
[15:42] {dino} dji power
[15:42] {judijim} be back tomorrow, take care everyone
[15:42] {magoo} bye jj
[15:42] {dino} cya jj
[15:42] {dino} ma 292 wow
[15:42] {dino} matk stop to .83
[15:43] {Threei} bye jj
[15:44] {dino} out matk .83, +.06
[15:44] {dino} thats all for me
[15:45] {Threei} quite impressed with NASDAQ resilience
[15:45] {Threei} 30 points recovery
[15:52] {magoo} ty vad..nite all
[15:52] {Threei} thank you all
[15:52] {Threei} have a good evening, see you tomorrow
Monday, June 9, 2008
Friday, June 6, 2008
Jun 06 2008
Session Start: Fri Jun 06 00:53:37 2008
[08:30] {Threei} MAY UNEMPLOYMENT RATE: 5.5% V 5.1%E
[08:30] {Threei} MAY CHANGE IN NONFARM PAYROLLS: -49K V -60KE; CHANGE IN MANUFACTURING PAYROLLS: -26K V 46KE
[08:30] {Threei} - Prior Nonfarm Payrolls revised from - 20K to -28K
[08:30] {Threei} - Prior Manufacturing Payrolls revised from -46K to -49K
[08:31] {Threei} MAY AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS:33.7 V 33.7E
[08:37] {Threei} RUSSIA: IF GEORGIA WERE TO JOIN NATO, IT WOULD CAUSE A "VERY NEGATIVE SPIRAL"
[08:47] {Threei} FED'S KROSZNER SAYS CREDIT CONDITIONS ARE STILL TIGHT, BUT FINANCIAL MARKETS WILL RECOVER GRADUALLY
[08:47] {Threei} - Adds that finacial markets gennerally improved but risk premiums in markets remain wide
[09:01] {esemde} I' m here...I'm here...let the bells ring let the banners fly...I'm here!!!
[09:01] {Threei} good morning :)
[09:01] {esemde} morning
[09:02] {fernp} Good morning
[09:03] {esemde} fern
[09:03] {Threei} fern :)
[09:04] {magoo} msrfhkfhsfhskmfh
[09:04] {Threei} great... it's just 6 am here, and we already have to think?
[09:04] {esemde} NSM The company said sales rose +1.3% to $462 million in the period ended May 25 and that profit was 34 cents a share, exceeding analysts estimates of 26 cents a share
[09:05] {Threei} traded near 24.50 earlier, retreated into 24
[09:06] {Threei} IVAN The Terrible gapped a little
[09:06] {esemde} LEH rumors persist Vad....$5billion in new capitol maybe by next week
[09:07] {Threei} yeah, circulated yesterday, about borrowing from unnamed Asian institution
[09:07] {esemde} up 1.2% in european trading
[09:07] {Threei} spokeperson refused to comment
[09:07] {esemde} ya i remember that post
[09:08] {esemde} mags did well with that stock if I remember correct
[09:09] {esemde} ouuuuu up over 34 as well
[09:09] {Threei} he can't comment on that ese
[09:09] {Threei} his short termmemory is, ummm
[09:09] {esemde} pourquo???
[09:10] {Threei} he is likely to say "what's LEH?"
[09:10] {esemde} ahhhhhh
[09:11] {dptl} good morning all
[09:11] {esemde} dp
[09:11] {Threei} dp :)
[09:11] {Threei} looking through yesterday's heroes
[09:11] {Threei} VVUS no trades yet
[09:11] {Threei} SQNM slight gap down
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:12] {esemde} dino
[09:12] {Threei} QTWW slightly down
[09:12] {esemde} fouuuurrrrrr!!!!!!
[09:12] {dino} lol
[09:12] {dino} isph
[09:13] {Threei} ACOR no trades yet
[09:13] {esemde} now theres one i was watching a bit
[09:13] {magoo} were we looking at LEH yesterday?a short yesterday?
[09:14] {Threei} now, here is embodiment of short term memory: "what's LEH and who is magoo?"
[09:14] {Threei} no mags
[09:15] {esemde} you made money on that baby
[09:15] {Threei} we shorted it two days ago, then I said it's not BSC, let's back off shorting it
[09:15] {Threei} at least for now
[09:15] {magoo} ahhhhh/
[09:15] {Threei} overall, we had great week, let's remember it's Friday and cut down on aggresiveness
[09:15] {magoo} ahhhhh..and i played it ES?
[09:16] {magoo} how u remember such things so far back ES? he he
[09:17] {Threei} what just happened with oil?
[09:18] {Threei} ICAHN SENDS LETTER TO YAHOO BOARD; SAYS HE WILL SEEK A BID OF $33 OR MORE FROM MSFT
[09:18] {Threei} - reiterates his call for the Board to remove the severance plan
[09:18] {Threei} - says a Yahoo ad deal with Google should not prevent an acquisition by MSFT.
[09:19] {esemde} you played it right mags and I didn't....thats how I remember
[09:20] {magoo} there was a good lesson in that...once u enter a trade...if it doesn't hit your stop...stay with it..let it trade...the "noise" took u out ..if i recall..it was your trade..i just liked it
[09:24] {Threei} maybe this
[09:24] {Threei} http://www.ft.com/cms/s/0/ce864e1a-33b7-11dd-869b-0000779fd2ac.html?nclick_check=1
[09:24] {hawkfan4} oil up 6.50? ouch
[09:24] {Threei} yeah
[09:25] {hawkfan4} dust off them bikes
[09:25] {Threei} ocuh is the only thing I can think of
[09:25] {esemde} 6.50????? you've got to be kidding
[09:28] {Threei} let me reiterate
[09:28] {Threei} today is the day to be retsrained and conservative
[09:29] {magoo} scalpers friday boss
[09:29] {Threei} don't risk nice weekly gains to evaporate, this oil move coupled with weekend uncertainty is likely to produce quite messy moves
[09:29] {Threei} yes sir
[09:30] {Threei} see, a l,ot of people bet on oil topping out
[09:30] {Threei} remember we said a few days ago,
[09:30] {Threei} it's likely to be just a breather, then oil is to put another round of pressure
[09:31] {Threei} this is what's happening, and a lot of unwiding positions will kill the order in the markets
[09:31] {Threei} as panic usually does
[09:33] {dino} hmmm
[09:33] {Threei} SOLF
[09:34] {Threei} 22 break long half lot if stays above .85
[09:35] {esemde} long Solf
[09:35] {Threei} 1:1 faster than you can say mama
[09:35] {esemde} .03 1/2 lot
[09:35] {Threei} 1:2
[09:35] {Threei} I'll kleave it to you to decide where to take profit but if I were you...
[09:35] {esemde} out Solf .35
[09:35] {Threei} I would be soo out of it here
[09:35] {Threei} qwtg
[09:36] {Threei} nice way to start the day with easy money
[09:36] {esemde} +.32 Thanks you Vad
[09:36] {Threei} trade took all of 1 minute
[09:36] {esemde} wow....
[09:36] {Threei} ROYL
[09:36] {dino} gj
[09:36] {Threei} ummm
[09:36] {Threei} want some pullback on it
[09:36] {Threei} closer to 9.50
[09:37] {Threei} half lot as well, volatile animal
[09:38] {Threei} if ROYL doesn't give us an entry and just continues going, consider playing OMNI as ROYL's symapthy
[09:38] {Threei} it lags a bit but likely to catch up with it
[09:38] {dino} jaso sm l .50
[09:40] {Threei} unplayable moves by ROYL
[09:40] {dino} out jaso .90, +.40
[09:40] {Threei} wtg
[09:41] {Threei} if SOLF and JASO{ why not CSUN
[09:41] {dino} my thinking
[09:41] {Threei} let's try 12 break if stays abive 11.90
[09:41] {Threei} needless to say, half lot
[09:42] {Threei} I am on ultraconservative side today
[09:42] {magoo} in .04
[09:42] {Threei} stop under 11.90
[09:42] {dino} stld spike
[09:42] {Threei} let's keep it tight, even at risk being shaken out
[09:43] {dino} i may be wrong, but i feel this oil spike is going to fade hard today
[09:43] {Threei} lord, I hope youi are right
[09:43] {dino} finally he calls me lord, :)
[09:44] {Threei} lord, I hope youi are righthehe
[09:44] {Threei} don't know if anyone found guts to try ROYL but if you did - stop under .30, and don't oversit it
[09:44] {dino} v sm risky s oyog .00
[09:45] {Threei} WHITE HOUSE: MAY JOBLESS NUMBER IS TOO HIGH FOR OUR LIKING, BUT DOES NOT REPRESENT RECESSION - SPOKESPERSON
[09:45] {Threei} - The jobs number is in line with a slowing economy.
[09:46] {Threei} if this offer at .08 is taken, CSUIN should post nice spike
[09:46] {Threei} there
[09:46] {Threei} now spike, will ya
[09:47] {dino} oyog stopped -.30
[09:47] {Threei} .15 day high to take and scrrrrrollll
[09:49] {Threei} scxalpers trail CSUN stop to .95
[09:50] {Threei} sane traders keep it under .90 still
[09:50] {Threei} SOLF new high
[09:50] {Threei} wake up CSUN
[09:50] {Threei} your turn
[09:52] {esemde} Solf move by SOLF thats for sure
[09:52] {esemde} thats "nice Move"
06[09:54] * Threei kicks CSUN in the rear with heavy duty army boots
[09:54] {Threei} stop taking your sweet time, get off that couch and go
[09:55] {Threei} I really couldn't find guts to call SQNM again, lol
[09:56] {magoo} look at LEH chgart
[09:57] {Threei} I don't want to
[09:57] {Threei} RCH
[09:57] {Threei} 10 break half lot
[09:58] {Threei} stop under 9.90
[09:58] {Threei} 9.80 is safer level for a stop but again...
[09:58] {magoo} in 05
[09:58] {Threei} don't chase if missed close to 10
[09:58] {Threei} it gives quite hard pullbacks
[09:59] {Threei} if you chase, they maybe impossible to stomach
[09:59] {Threei} fiiiinally CSUN
[09:59] {magoo} csun needed to finish its coffee first
[10:00] {dino} here comes -200
[10:00] {Threei} scalpers have their 1:1 and more
[10:01] {dino} 12342 target
[10:01] {Threei} again... I weill leave it to you to decide on profit taking, I am going to keep you from pure scalps today only when I feel very strongly about something
[10:01] {dino} oih fast fall
[10:02] {dino} watching nyx cme, ma
[10:11] {magoo} any bounce in SOLF CSIQ vad?
[10:12] {Threei} sure there is, I just don't have any realiable read on it
[10:13] {dino} nyx sm l .99
[10:15] {Threei} CHINESE PRESS REPORTS 'POWERFUL' EARTHQUAKE IN EAST TIMOR
[10:15] {Threei} you still in RCH magoo?
[10:15] {magoo} yeah
[10:15] {magoo} csun too
[10:17] {magoo} was waiting csun .43
[10:18] {magoo} same area rch
[10:23] {dino} chtt
[10:23] {dino} beav
[10:25] {dino} sm l beav .80
[10:26] {Threei} IVAN
[10:26] {Threei} TO RAISE C$50M IN FUNDS THROUGH SPECIAL WARRANTS PRIVATE PLACEMENT
[10:26] {Threei} - The funds to be raised will be used by the Company to make the initial payment of Cdn.$30M required under the Company's agreement with Talisman Energy Canada to acquire Talisman's interests in three leases in the Athabasca oil sands region in the Province of Alberta, Canada, which was announced on May 29, 2008, and for working capital purposes
[10:28] {judijim} gm all
[10:28] {Threei} jj :)
[10:29] {dino} beav stopped -.38
[10:29] {Threei} LEH short scalp, fuzzy entry somewhat
[10:29] {Chaeron} hi everybody
[10:29] {Threei} as close to 34 as you can get, stop 34.10
[10:29] {Threei} chaeron :)
[10:32] {Threei} RCH looking good for you magoo
[10:34] {dino} ugh beav
[10:34] {magoo} is it related to quakes?
[10:35] {Threei} well, it's construction company
[10:35] {Threei} maybe
[10:37] {dino} steels rocking
[10:37] {dino} well cenx at least
[10:39] {Roman} 21 RCH +5.3% (profiled in Inside Wall Street section of Business Week)
[10:39] {Roman} 21 earlier this morning
[10:40] {dino} safm
[10:41] {Threei} hit your exit area
[10:41] {Threei} magoo?
[10:43] {magoo} trying .41
[10:43] {magoo} out ty
[10:43] {Threei} welcome
[10:44] {Threei} for adrenalin-deprived:
[10:44] {Threei} SQNM long .95 if stays above .75
[10:45] {esemde} ugly ugly day......hardly anything to look at..
[10:45] {Threei} come on... didn't we get 3 winners yet??
[10:45] {Threei} 4
[10:45] {Threei} forgot SOLF
[10:46] {esemde} true....slim pickens
[10:46] {Threei} how many do you need for 1 hour of Friday trading, lol
[10:46] {Threei} what's with expectations {G}
[10:47] {Threei} and I don't count LEH short since entry was way too discretionary
[10:47] {Threei} that one worked too
[10:48] {esemde} referring to my screens mostly...hardly anything showing
[10:49] {Threei} well, remember the joke about potential immigrant asking for another globe to find where he wants to go...
[10:49] {dino} nue vsm l .15
[10:50] {magoo} no..huh?
[10:51] {esemde} no....
[10:51] {Threei} your guys short term memory is way too short, lol
[10:51] {Threei} haven't found any suitable country on the globe, so he asked for another globe
[10:52] {dino} i remember
[10:52] {dino} kgb right
[10:52] {Threei} yes sir
[10:52] {dptl} lol
[10:52] {esemde} ha ha....
[10:53] {Threei} now, don't ask me what the connection to ese's reference to his screens not moving is... under the threat of being trouted
[10:53] {peterg} at stage in trading as in helicopter pilot training: death grip on controls.
[10:53] {Threei} make it fun peter
[10:54] {peterg} good plan!
[10:54] {Threei} keep shares so small for starters that it can't hurt
[10:54] {peterg} still greedy, working on that]
[10:54] {Threei} go once again over MPP, Practical Trading chapter
[10:54] {Threei} and follow the procedure to the letter
[10:54] {peterg} Roger that
[10:55] {Threei} trading should be fun, otherwise why bother
[10:56] {peterg} that's what my therapist said about life before he killed himself (joke)
[10:56] {magoo} uh..to earn a living duh
[10:56] {Threei} lol peter
[10:56] {Threei} not really mags
[10:56] {Chaeron} Vad gives all his to the nice Nigerian ppl that email him
[10:56] {Threei} I have never seen a trader who would be consistently profitable while trading with white lips and blue knuckles
[10:57] {Threei} don't see it as money making vs fun
[10:57] {Threei} they go hand in hand
[10:57] {Threei} when you get it right, it's highly enjoyable process
[10:57] {Threei} ummm... is it blue lips and white knuckles?
[10:58] {peterg} That I believe--all muscles tense. More vodka!
[10:58] {Threei} lol
[10:58] {dino} have some fun, don't try too hard
[10:58] {dino} safm sm l .165
[10:58] {peterg} OK tks, off for two hours on day job, then back.
[10:58] {dino} .15
[11:03] {dino} cpla good drop, thin
[11:03] {Threei} bunwalla, rodnewy... feel free to chime in with comments or questions if you got any.... for some reason trialers lately doubt if they have right of speech
[11:06] {dino} oh sorry, i told them no talking
[11:06] {_bunwalla} thnks. just trying to get a feel before i chime in...
[11:06] {dino} 12342
[11:07] {Threei} :)
[11:07] {Threei} Friday is not the best day to get a feel...
[11:07] {Threei} but then again, I have an excuse for every day, lol
[11:07] {Threei} Monday is hangover day
[11:09] {Chaeron} we're flat right?
[11:09] {Threei} right now, yes
[11:09] {Threei} SQNM never triggered and got invalidated
[11:09] {Chaeron} whew... thanks
[11:09] {magoo} what u call me?...fat?
[11:09] {Chaeron} oink
[11:10] {Threei} here is my favorite illustration to Monday:
[11:10] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:11] {dptl} roflol
[11:16] {dino} -2% +/- ndx, dji
[11:16] {dino} getting a bit extreme
[11:21] {dino} beav l sm .65
[11:29] {Threei} remember PEIX short from a while ago?
[11:30] {Threei} getting tempted again
[11:30] {Threei} just hate that it's so narrow
[11:30] {Threei} unlikely to give something significant within one day
[11:31] {Chaeron} not shortable
[11:31] {Chaeron} here at least
[11:31] {Threei} argh
[11:31] {Threei} used to be
[11:31] {dino} tough to short w/markets down 2%+, imo, odds go lond
[11:31] {Threei} oh well
[11:31] {Threei} PEIX is in its own universe... doesn't really relate to market
[11:32] {dino} you are the master
[11:34] {magoo} jesus christ..itsd the end of days
[11:34] {magoo} never bounce ever again
[11:36] {dino} rally
[11:37] {Threei} BRCM
[11:37] {Threei} .08 long for a scalp
[11:38] {Threei} if stays above 28
[11:40] {dptl} l .09
[11:40] {dino} rate blood
[11:41] {Chaeron} in BRCM @ .09 too dp
[11:41] {Threei} interesting chart EVVV
[11:42] {Threei} .31 two day's break
[11:42] {Threei} slooooow
[11:43] {esemde} have to be off see you all monday....Vad if you get a chance pop by the Oak Bay Tea Party 2:00pm....for my Rhythm and Blues Band
[11:43] {Threei} where is it ese?
[11:43] {dino} later es
[11:43] {Threei} oak bay ave?
[11:43] {esemde} Willows Beach....
[11:43] {Threei} ah
[11:43] {Threei} will try :)
[11:43] {esemde} Beach Drive
[11:43] {Threei} I know :)
[11:43] {esemde} see ya
[11:43] {Threei} stopped BRCM
[11:44] {Chaeron} yep - me too... -.12
[11:45] {dino} bmti
[11:46] {fernp} VLNC around the $3.50
[11:47] {Threei} shakeout BRCM
[11:47] {Threei} oh well
[11:53] {dino} cpla sm l .30
[12:02] {Threei} YHOO
[12:02] {Threei} ISSUES STATEMENT ON ICAHN LETTER
[12:02] {Threei} - Leaving aside Mr. Icahn's inaccurate interpretation of our retention plan, we again note that he has no credible plan to operate Yahoo!.
[12:02] {Threei} - We believe that Mr. Icahn's suggestion that we cancel our retention plan would have a destabilizing impact on Yahoo! and would clearly not be in the best interests of our shareholders.
[12:02] {Threei} - Furthermore, his suggestion that we put out a price publicly to see if Microsoft will alter its stated position is ill-advised. As we have stated numerous times publicly and privately, we are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders.
[12:02] {Threei} neverending saga
[12:10] {Chaeron} RIMM ?
[12:11] {Threei} looks to go if market does... .50 closest support, if can get it close to it worth a try
[12:16] {magoo} AAPL was stronger..same..moves with mkt
[12:19] {Threei} beautiful bounce right off .50
[12:19] {Threei} clean scalping footwork
[12:26] {dino} safm stop to b/e
[12:29] {dino} safm stop +.01
[12:29] {dino} .06 i mean
[12:39] {dino} amln
[12:44] {dino} damn safm too tight
[12:58] {Threei} yawn
[13:01] {Threei} why didn't I trust PARL
[13:02] {Threei} watching if pullback shows entry
[13:06] {dino} cpla to .40 mkt sucks
[13:07] {magoo} this mkt is severely damaged
[13:08] {Threei} oil highs do it I'd think
[13:08] {dino} cpla stopped ave .35, +.05
[13:08] {Threei} CRUDE OIL FUTURES HIT RECORD HIGH AGAIN, $135.49
[13:09] {patience} i love my electric scooter
[13:09] {Threei} no kidding
[13:10] {Threei} my 21-gallon tank feels like bottomless abyss now when I fill it up, lol
[13:10] {hawkfan4} 136
[13:13] {Chaeron} parl?
[13:13] {Threei} hard to tell if break is worth the risk
[13:13] {Threei} level 2 is so thin
[13:14] {Chaeron} thanks
[13:14] {Threei} see these bids with no support?
[13:14] {Chaeron} yes
[13:14] {Threei} would be of less concern if there was a clear momo
[13:15] {Threei} but as it is, it can drop 30 cents in one gasp
[13:15] {Chaeron} no thank you
[13:18] {Threei} I don't think we've ever had such one-day spike in oil
[13:19] {Chaeron} "If Iran continues its nuclear weapons programme, we will attack it," said Shaul Mofaz, who is also transportation minister.
[13:19] {Threei} yeah
[13:19] {Chaeron} Israeli Transportation Minister
[13:20] {Threei} that's what I linked earlier as probable explanation
[13:20] {Threei} here is the thought that I hate:
[13:20] {Chaeron} geesh... what the heck is the DEFENSE Minister saying then?
[13:20] {Threei} follow this logic:
[13:21] {Threei} Israel is not very keen on idea of Obama becoming president,
[13:21] {Chaeron} oh wait... this guy is up for Defene Minister... that's right...
[13:22] {Threei} in order to support McCain, creating feel of imminent threat to security is plausible way to go
[13:22] {Threei} racthing up the rhetorics and tension, while playing in this direction, at the same time pushes oil higher
[13:22] {dino} y
[13:22] {Chaeron} no no... that's ok... we'll reason with them... diplomacy first always works
[13:23] {dino} yeah, right, diplomacy in the muslim world, heck they don't even let their women go to school
[13:23] {Threei} and btw, it's not really strange that transportation ministry makes these comments
[13:24] {Threei} for one thing, it creates deniability for those who are responsible for ultimate desicion,
[13:24] {Threei} and for another, Israel's govt is militarized enough for any potrfolio to be involved
[13:25] {dino} sooner or later it will happen
[13:25] {dino} most likely sooner
[13:26] {Threei} so... who can cause us more harm, our foes or our friends? {G}
[13:27] {Threei} since there are no friends in politics, there are interests only... would it be impossible to see Israel's action causing even more pain at the pump?
[13:27] {Threei} Chaeron... have a look at PARL
[13:28] {Chaeron} gasp
[13:28] {Chaeron} :)
[13:28] {Chaeron} thanks
[13:29] {dino} beav stopped -.38
[13:38] {dino} ,midd sm l .00
[13:42] {Threei} FED'S BULLARD: SLOW GROWTH IS NO JUSTIFICATION TO CUT RATES AGAIN, THE LAST CUSTS WERE PREEMPTIVE, NOW IS THE TIME FOR PATIENCE
[13:42] {Threei} - Inflation expecations are fragile, risking breakdown. Forecasts for headline CPI above 3% are disturbing, wants to see inflation between 0.5-1.5%.
[13:42] {Threei} - Calls for action to control inflation expectations, sees the Fed's key job as inflation control. Fed rate policy will shortly turn to inflation control.
[13:42] {Threei} - Housing has been extraordinarily weak, but housing prices may be close to fair value today.
[13:42] {Threei} - Remains too early to say whether the market turmoil has ended, but Fed lending facilities have helped ease the strain.
[13:42] {Chaeron} did the fed just ask for Patience's help out of this mess? :)
[13:43] {Threei} they sure did
[13:46] {Threei} look at USO daily
[13:46] {Threei} this bar today,
[13:46] {Threei} it's either island bar or breakaway gap
[13:46] {Threei} Now, who would have thoufght this boring geeky matter is one defining the future of the country
[13:47] {Chaeron} I'm wishing I was at an island bar about now.......
[13:47] {Threei} lol
[13:47] {Threei} I'd join you
[13:47] {Chaeron} I'll buy
[13:48] {Threei} second round is on me then
[13:48] {Chaeron} done
[13:48] {Threei} Island is not in the plans for nearest future though, planning Alaska cruise instead
[13:50] {dino} you'll love it vad, 2 years ago i did the alaska cruise/tour package awesome
[13:50] {dino} princess
[13:51] {dino} amln sm l .00
[13:51] {Threei} serenade of the sea here
[13:52] {Threei} carribean line
[13:53] {Threei} when we have a few min next week, tell me which tours you took?
[13:53] {dino} i'd like to go again
[13:54] {dino} ok
[13:54] {Threei} AMAZON.COM HOME PAGE IS CURRENTLY DOWN; SITE ONLY SAYS "SERVICE UNAVAILABLE"
[13:54] {Threei} what kind of news headline is that
[13:55] {dino} mdco
[13:58] {Threei} OK PARL
[13:58] {Threei} if it intends to bounce at all, it has to be from here
[13:58] {Threei} stop under .80
[13:58] {_rant} crazy day
[13:58] {_rant} feels too late to short
[13:58] {_rant} and not too early to go long
[13:59] {_rant} fmcn ?
[14:03] {Threei} shirt if anything
[14:03] {Threei} on .50 break
[14:03] {Threei} short that was
[14:04] {_rant} market seems to be done selling
[14:05] {Threei} if loses 2010, will pick up new round of weakness
[14:05] {_rant} i m confused abt TSL
[14:05] {_rant} oil is up..and TSL is down 8.5%
[14:07] {Threei} gave nice report this morning too
[14:07] {_rant} ya
[14:07] {Threei} just shows you how much conventional logic applies to market
[14:07] {_rant} but fslr is green
[14:07] {_rant} weird
[14:08] {Threei} why SOLF, JASO, CSUN are red with this oil move?
[14:08] {_rant} true..but not as bad as TSL
[14:08] {Threei} no relation stays the same in the market... it works for a while, then it changes
[14:09] {Threei} they all used to move in unison with oil
[14:09] {dino} itmn
[14:09] {Threei} go with patterns, forget conventional logic
[14:09] {Threei} it never worked in markets
[14:10] {_rant} ya
[14:10] {_rant} makes ur head go crazy
[14:10] {Threei} short periods of time when it seems to be working are just to lure in those who can't live without logic
[14:10] {Threei} noty really
[14:10] {Threei} just different way of thinking
[14:10] {Threei} it's simple really:
[14:10] {_rant} when its a 300 pt down day
[14:11] {_rant} should u trade more longs or shorts ?
[14:11] {Threei} everyone on Earth understands concept of "good news - up, bad news - down"
[14:11] {Threei} thus, it can't work like this in market
[14:11] {Threei} because if everyone is right, who is losing then?
[14:11] {_rant} true
[14:11] {Threei} and if no one losing, who those who are right take money from?
[14:12] {Threei} see how FMCN flushed down again?
[14:13] {_rant} ya
[14:13] {_rant} WB ?
[14:13] {_rant} 20 holding out
[14:14] {_rant} vad, what should u be doin on 300 pt down days ?? play on the long side or short side more ?
[14:19] {Threei} you assume all 300 pt down days are the same
[14:19] {Threei} there are no single rule for that
[14:20] {Threei} here is one question that will show the difference:
[14:20] {Threei} how is -300 reached, in sharp verticla selling or by slow gradual ordrly slide?
[14:20] {Threei} obviously those are going to be very different cases, right?
[14:20] {_rant} yah
[14:20] {_rant} this seems gradual selling
[14:21] {_rant} stop losses triggering it more and more
[14:21] {Threei} pretty much
[14:22] {_rant} i will play the spectator today
[14:30] {dino} c'mon, get your hands dirty
[14:30] {_rant} scalped WB
[14:30] {dino} :)
[14:31] {_rant} compulsive :)
[14:39] {Threei} oil closed 139?
[14:39] {Chaeron} *sigh*
[14:40] {fernp} I have to go out. Have a great weekend all.
[14:40] {Threei} take care fern, have a great one
[14:40] {_rant} 139
[14:40] {_rant} wow
[14:40] {magoo} bye femp:)
[14:40] {_rant} brutal
[14:41] {dino} cya fern
[14:50] {dino} out nue .22 +.07
[14:54] {Chaeron} where's Lake Louise? how far from Vancouver?
[14:55] {Threei} Canadian rockies
[14:56] {Threei} within one day of driving
[14:56] {_rant} beav anyone
[14:56] {Chaeron} one day? heck... looking at Cathedral Mountain Lodge.... http://www.cathedralmountain.com/
[14:57] {Threei} not a full day... but closer city would be Calgary
[14:57] {Chaeron} oh ok
[14:57] {Chaeron} incredibly beautiful
[14:57] {Threei} oh yeah
[14:58] {Threei} and Moraine lake is even more picturesque
[14:58] {Threei} short drive from Lake Louise
[14:59] {dino} beav stopped me twice today, done w/it
[15:02] {peterg} Beginning to have fun, gun to head making paper trades!
[15:03] {Threei} :)
[15:07] {peterg} CALM?
[15:08] {magoo} c'mon boyz..buy into bell
[15:08] {Threei} boyz are skeered
[15:09] {Threei} CALM may be worth a try if retreats to 33
[15:09] {magoo} i shoulda asked earlier:)
[15:10] {Threei} can you really blame them
[15:10] {Threei} what power you have mags
[15:11] {Threei} may I ask you to demand lower oil?
[15:11] {dino} v magoo all powerful +60 points
[15:11] {Threei} please?
[15:11] {_rant} wow..beav is breakin up
[15:12] {dino} rant if you were sitting in the next office i'd throw something at you for bringing up beav
[15:12] {_rant} :)
[15:12] {dino} so instead i'll throw something at magoo
[15:12] {_rant} not getting greed now
[15:12] {_rant} will exit
[15:12] {magoo} ouch
[15:13] {dino} gj
[15:15] {_rant} fmcn is stuck at 31.50
[15:17] {magoo} c'mon boyz..don't stop now
[15:18] {_rant} few shorts covered
[15:18] {_rant} thts pretty much it
[15:18] {_rant} now back down
[15:20] {Threei} out yourself in boyz shoes
[15:21] {Threei} do you want to carry any position into weekend with what we had today?
[15:30] {dino} stopped amln -.06 at .94
[15:30] {dino} tighten midd stop to .08
[15:31] {Threei} is SQNM worth the risk or not
[15:31] {Threei} that is the question
[15:31] {Threei} IMO, hardly
[15:31] {Threei} not a good time for momo plays
[15:31] {Threei} and SQNM's momo is dying
[15:31] {dino} out midd .07, +.07
[15:38] {Threei} peter
[15:38] {Threei} nice find CALM
[15:38] {Threei} way to go
[15:39] {Threei} NIGERIAN OIL MIN: OPEC CAN INCREASE PRODUCTION IF NECESSARY
[15:39] {Threei} woohoo
[15:39] {Chaeron} wa that in an email to them? :)
[15:39] {Chaeron} asking for money?
[15:39] {Threei} lol
[15:41] {dino} risky sm ma l 296
[15:44] {peterg} Made .07 in CSCO so as not to feel defeated.
[15:46] {dino} gj
[15:50] {dino} out ma flat
[15:51] {dptl} have a good weekend all....:)
[15:51] {Threei} take care dp
[15:52] {dino} u2
[15:52] {Threei} lows again
[15:53] {Threei} boyz are dumping
[15:54] {magoo} they dissappoint
[15:54] {Threei} OK guys, thank you all
[15:55] {Threei} let's have a great relaxing weekend
[15:55] {magoo} ty vad
[15:55] {Threei} see you all on Monday
[15:55] {peterg} tks & by all
[15:56] {_rant} it will be interesting monday
[15:56] {_rant} 390 pts down
[15:56] {_rant} wow
[15:59] {_rant} some kind of record ? 405 pts
[08:30] {Threei} MAY UNEMPLOYMENT RATE: 5.5% V 5.1%E
[08:30] {Threei} MAY CHANGE IN NONFARM PAYROLLS: -49K V -60KE; CHANGE IN MANUFACTURING PAYROLLS: -26K V 46KE
[08:30] {Threei} - Prior Nonfarm Payrolls revised from - 20K to -28K
[08:30] {Threei} - Prior Manufacturing Payrolls revised from -46K to -49K
[08:31] {Threei} MAY AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS:33.7 V 33.7E
[08:37] {Threei} RUSSIA: IF GEORGIA WERE TO JOIN NATO, IT WOULD CAUSE A "VERY NEGATIVE SPIRAL"
[08:47] {Threei} FED'S KROSZNER SAYS CREDIT CONDITIONS ARE STILL TIGHT, BUT FINANCIAL MARKETS WILL RECOVER GRADUALLY
[08:47] {Threei} - Adds that finacial markets gennerally improved but risk premiums in markets remain wide
[09:01] {esemde} I' m here...I'm here...let the bells ring let the banners fly...I'm here!!!
[09:01] {Threei} good morning :)
[09:01] {esemde} morning
[09:02] {fernp} Good morning
[09:03] {esemde} fern
[09:03] {Threei} fern :)
[09:04] {magoo} msrfhkfhsfhskmfh
[09:04] {Threei} great... it's just 6 am here, and we already have to think?
[09:04] {esemde} NSM The company said sales rose +1.3% to $462 million in the period ended May 25 and that profit was 34 cents a share, exceeding analysts estimates of 26 cents a share
[09:05] {Threei} traded near 24.50 earlier, retreated into 24
[09:06] {Threei} IVAN The Terrible gapped a little
[09:06] {esemde} LEH rumors persist Vad....$5billion in new capitol maybe by next week
[09:07] {Threei} yeah, circulated yesterday, about borrowing from unnamed Asian institution
[09:07] {esemde} up 1.2% in european trading
[09:07] {Threei} spokeperson refused to comment
[09:07] {esemde} ya i remember that post
[09:08] {esemde} mags did well with that stock if I remember correct
[09:09] {esemde} ouuuuu up over 34 as well
[09:09] {Threei} he can't comment on that ese
[09:09] {Threei} his short termmemory is, ummm
[09:09] {esemde} pourquo???
[09:10] {Threei} he is likely to say "what's LEH?"
[09:10] {esemde} ahhhhhh
[09:11] {dptl} good morning all
[09:11] {esemde} dp
[09:11] {Threei} dp :)
[09:11] {Threei} looking through yesterday's heroes
[09:11] {Threei} VVUS no trades yet
[09:11] {Threei} SQNM slight gap down
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:12] {esemde} dino
[09:12] {Threei} QTWW slightly down
[09:12] {esemde} fouuuurrrrrr!!!!!!
[09:12] {dino} lol
[09:12] {dino} isph
[09:13] {Threei} ACOR no trades yet
[09:13] {esemde} now theres one i was watching a bit
[09:13] {magoo} were we looking at LEH yesterday?a short yesterday?
[09:14] {Threei} now, here is embodiment of short term memory: "what's LEH and who is magoo?"
[09:14] {Threei} no mags
[09:15] {esemde} you made money on that baby
[09:15] {Threei} we shorted it two days ago, then I said it's not BSC, let's back off shorting it
[09:15] {Threei} at least for now
[09:15] {magoo} ahhhhh/
[09:15] {Threei} overall, we had great week, let's remember it's Friday and cut down on aggresiveness
[09:15] {magoo} ahhhhh..and i played it ES?
[09:16] {magoo} how u remember such things so far back ES? he he
[09:17] {Threei} what just happened with oil?
[09:18] {Threei} ICAHN SENDS LETTER TO YAHOO BOARD; SAYS HE WILL SEEK A BID OF $33 OR MORE FROM MSFT
[09:18] {Threei} - reiterates his call for the Board to remove the severance plan
[09:18] {Threei} - says a Yahoo ad deal with Google should not prevent an acquisition by MSFT.
[09:19] {esemde} you played it right mags and I didn't....thats how I remember
[09:20] {magoo} there was a good lesson in that...once u enter a trade...if it doesn't hit your stop...stay with it..let it trade...the "noise" took u out ..if i recall..it was your trade..i just liked it
[09:24] {Threei} maybe this
[09:24] {Threei} http://www.ft.com/cms/s/0/ce864e1a-33b7-11dd-869b-0000779fd2ac.html?nclick_check=1
[09:24] {hawkfan4} oil up 6.50? ouch
[09:24] {Threei} yeah
[09:25] {hawkfan4} dust off them bikes
[09:25] {Threei} ocuh is the only thing I can think of
[09:25] {esemde} 6.50????? you've got to be kidding
[09:28] {Threei} let me reiterate
[09:28] {Threei} today is the day to be retsrained and conservative
[09:29] {magoo} scalpers friday boss
[09:29] {Threei} don't risk nice weekly gains to evaporate, this oil move coupled with weekend uncertainty is likely to produce quite messy moves
[09:29] {Threei} yes sir
[09:30] {Threei} see, a l,ot of people bet on oil topping out
[09:30] {Threei} remember we said a few days ago,
[09:30] {Threei} it's likely to be just a breather, then oil is to put another round of pressure
[09:31] {Threei} this is what's happening, and a lot of unwiding positions will kill the order in the markets
[09:31] {Threei} as panic usually does
[09:33] {dino} hmmm
[09:33] {Threei} SOLF
[09:34] {Threei} 22 break long half lot if stays above .85
[09:35] {esemde} long Solf
[09:35] {Threei} 1:1 faster than you can say mama
[09:35] {esemde} .03 1/2 lot
[09:35] {Threei} 1:2
[09:35] {Threei} I'll kleave it to you to decide where to take profit but if I were you...
[09:35] {esemde} out Solf .35
[09:35] {Threei} I would be soo out of it here
[09:35] {Threei} qwtg
[09:36] {Threei} nice way to start the day with easy money
[09:36] {esemde} +.32 Thanks you Vad
[09:36] {Threei} trade took all of 1 minute
[09:36] {esemde} wow....
[09:36] {Threei} ROYL
[09:36] {dino} gj
[09:36] {Threei} ummm
[09:36] {Threei} want some pullback on it
[09:36] {Threei} closer to 9.50
[09:37] {Threei} half lot as well, volatile animal
[09:38] {Threei} if ROYL doesn't give us an entry and just continues going, consider playing OMNI as ROYL's symapthy
[09:38] {Threei} it lags a bit but likely to catch up with it
[09:38] {dino} jaso sm l .50
[09:40] {Threei} unplayable moves by ROYL
[09:40] {dino} out jaso .90, +.40
[09:40] {Threei} wtg
[09:41] {Threei} if SOLF and JASO{ why not CSUN
[09:41] {dino} my thinking
[09:41] {Threei} let's try 12 break if stays abive 11.90
[09:41] {Threei} needless to say, half lot
[09:42] {Threei} I am on ultraconservative side today
[09:42] {magoo} in .04
[09:42] {Threei} stop under 11.90
[09:42] {dino} stld spike
[09:42] {Threei} let's keep it tight, even at risk being shaken out
[09:43] {dino} i may be wrong, but i feel this oil spike is going to fade hard today
[09:43] {Threei} lord, I hope youi are right
[09:43] {dino} finally he calls me lord, :)
[09:44] {Threei} lord, I hope youi are righthehe
[09:44] {Threei} don't know if anyone found guts to try ROYL but if you did - stop under .30, and don't oversit it
[09:44] {dino} v sm risky s oyog .00
[09:45] {Threei} WHITE HOUSE: MAY JOBLESS NUMBER IS TOO HIGH FOR OUR LIKING, BUT DOES NOT REPRESENT RECESSION - SPOKESPERSON
[09:45] {Threei} - The jobs number is in line with a slowing economy.
[09:46] {Threei} if this offer at .08 is taken, CSUIN should post nice spike
[09:46] {Threei} there
[09:46] {Threei} now spike, will ya
[09:47] {dino} oyog stopped -.30
[09:47] {Threei} .15 day high to take and scrrrrrollll
[09:49] {Threei} scxalpers trail CSUN stop to .95
[09:50] {Threei} sane traders keep it under .90 still
[09:50] {Threei} SOLF new high
[09:50] {Threei} wake up CSUN
[09:50] {Threei} your turn
[09:52] {esemde} Solf move by SOLF thats for sure
[09:52] {esemde} thats "nice Move"
06[09:54] * Threei kicks CSUN in the rear with heavy duty army boots
[09:54] {Threei} stop taking your sweet time, get off that couch and go
[09:55] {Threei} I really couldn't find guts to call SQNM again, lol
[09:56] {magoo} look at LEH chgart
[09:57] {Threei} I don't want to
[09:57] {Threei} RCH
[09:57] {Threei} 10 break half lot
[09:58] {Threei} stop under 9.90
[09:58] {Threei} 9.80 is safer level for a stop but again...
[09:58] {magoo} in 05
[09:58] {Threei} don't chase if missed close to 10
[09:58] {Threei} it gives quite hard pullbacks
[09:59] {Threei} if you chase, they maybe impossible to stomach
[09:59] {Threei} fiiiinally CSUN
[09:59] {magoo} csun needed to finish its coffee first
[10:00] {dino} here comes -200
[10:00] {Threei} scalpers have their 1:1 and more
[10:01] {dino} 12342 target
[10:01] {Threei} again... I weill leave it to you to decide on profit taking, I am going to keep you from pure scalps today only when I feel very strongly about something
[10:01] {dino} oih fast fall
[10:02] {dino} watching nyx cme, ma
[10:11] {magoo} any bounce in SOLF CSIQ vad?
[10:12] {Threei} sure there is, I just don't have any realiable read on it
[10:13] {dino} nyx sm l .99
[10:15] {Threei} CHINESE PRESS REPORTS 'POWERFUL' EARTHQUAKE IN EAST TIMOR
[10:15] {Threei} you still in RCH magoo?
[10:15] {magoo} yeah
[10:15] {magoo} csun too
[10:17] {magoo} was waiting csun .43
[10:18] {magoo} same area rch
[10:23] {dino} chtt
[10:23] {dino} beav
[10:25] {dino} sm l beav .80
[10:26] {Threei} IVAN
[10:26] {Threei} TO RAISE C$50M IN FUNDS THROUGH SPECIAL WARRANTS PRIVATE PLACEMENT
[10:26] {Threei} - The funds to be raised will be used by the Company to make the initial payment of Cdn.$30M required under the Company's agreement with Talisman Energy Canada to acquire Talisman's interests in three leases in the Athabasca oil sands region in the Province of Alberta, Canada, which was announced on May 29, 2008, and for working capital purposes
[10:28] {judijim} gm all
[10:28] {Threei} jj :)
[10:29] {dino} beav stopped -.38
[10:29] {Threei} LEH short scalp, fuzzy entry somewhat
[10:29] {Chaeron} hi everybody
[10:29] {Threei} as close to 34 as you can get, stop 34.10
[10:29] {Threei} chaeron :)
[10:32] {Threei} RCH looking good for you magoo
[10:34] {dino} ugh beav
[10:34] {magoo} is it related to quakes?
[10:35] {Threei} well, it's construction company
[10:35] {Threei} maybe
[10:37] {dino} steels rocking
[10:37] {dino} well cenx at least
[10:39] {Roman} 21 RCH +5.3% (profiled in Inside Wall Street section of Business Week)
[10:39] {Roman} 21 earlier this morning
[10:40] {dino} safm
[10:41] {Threei} hit your exit area
[10:41] {Threei} magoo?
[10:43] {magoo} trying .41
[10:43] {magoo} out ty
[10:43] {Threei} welcome
[10:44] {Threei} for adrenalin-deprived:
[10:44] {Threei} SQNM long .95 if stays above .75
[10:45] {esemde} ugly ugly day......hardly anything to look at..
[10:45] {Threei} come on... didn't we get 3 winners yet??
[10:45] {Threei} 4
[10:45] {Threei} forgot SOLF
[10:46] {esemde} true....slim pickens
[10:46] {Threei} how many do you need for 1 hour of Friday trading, lol
[10:46] {Threei} what's with expectations {G}
[10:47] {Threei} and I don't count LEH short since entry was way too discretionary
[10:47] {Threei} that one worked too
[10:48] {esemde} referring to my screens mostly...hardly anything showing
[10:49] {Threei} well, remember the joke about potential immigrant asking for another globe to find where he wants to go...
[10:49] {dino} nue vsm l .15
[10:50] {magoo} no..huh?
[10:51] {esemde} no....
[10:51] {Threei} your guys short term memory is way too short, lol
[10:51] {Threei} haven't found any suitable country on the globe, so he asked for another globe
[10:52] {dino} i remember
[10:52] {dino} kgb right
[10:52] {Threei} yes sir
[10:52] {dptl} lol
[10:52] {esemde} ha ha....
[10:53] {Threei} now, don't ask me what the connection to ese's reference to his screens not moving is... under the threat of being trouted
[10:53] {peterg} at stage in trading as in helicopter pilot training: death grip on controls.
[10:53] {Threei} make it fun peter
[10:54] {peterg} good plan!
[10:54] {Threei} keep shares so small for starters that it can't hurt
[10:54] {peterg} still greedy, working on that]
[10:54] {Threei} go once again over MPP, Practical Trading chapter
[10:54] {Threei} and follow the procedure to the letter
[10:54] {peterg} Roger that
[10:55] {Threei} trading should be fun, otherwise why bother
[10:56] {peterg} that's what my therapist said about life before he killed himself (joke)
[10:56] {magoo} uh..to earn a living duh
[10:56] {Threei} lol peter
[10:56] {Threei} not really mags
[10:56] {Chaeron} Vad gives all his to the nice Nigerian ppl that email him
[10:56] {Threei} I have never seen a trader who would be consistently profitable while trading with white lips and blue knuckles
[10:57] {Threei} don't see it as money making vs fun
[10:57] {Threei} they go hand in hand
[10:57] {Threei} when you get it right, it's highly enjoyable process
[10:57] {Threei} ummm... is it blue lips and white knuckles?
[10:58] {peterg} That I believe--all muscles tense. More vodka!
[10:58] {Threei} lol
[10:58] {dino} have some fun, don't try too hard
[10:58] {dino} safm sm l .165
[10:58] {peterg} OK tks, off for two hours on day job, then back.
[10:58] {dino} .15
[11:03] {dino} cpla good drop, thin
[11:03] {Threei} bunwalla, rodnewy... feel free to chime in with comments or questions if you got any.... for some reason trialers lately doubt if they have right of speech
[11:06] {dino} oh sorry, i told them no talking
[11:06] {_bunwalla} thnks. just trying to get a feel before i chime in...
[11:06] {dino} 12342
[11:07] {Threei} :)
[11:07] {Threei} Friday is not the best day to get a feel...
[11:07] {Threei} but then again, I have an excuse for every day, lol
[11:07] {Threei} Monday is hangover day
[11:09] {Chaeron} we're flat right?
[11:09] {Threei} right now, yes
[11:09] {Threei} SQNM never triggered and got invalidated
[11:09] {Chaeron} whew... thanks
[11:09] {magoo} what u call me?...fat?
[11:09] {Chaeron} oink
[11:10] {Threei} here is my favorite illustration to Monday:
[11:10] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:11] {dptl} roflol
[11:16] {dino} -2% +/- ndx, dji
[11:16] {dino} getting a bit extreme
[11:21] {dino} beav l sm .65
[11:29] {Threei} remember PEIX short from a while ago?
[11:30] {Threei} getting tempted again
[11:30] {Threei} just hate that it's so narrow
[11:30] {Threei} unlikely to give something significant within one day
[11:31] {Chaeron} not shortable
[11:31] {Chaeron} here at least
[11:31] {Threei} argh
[11:31] {Threei} used to be
[11:31] {dino} tough to short w/markets down 2%+, imo, odds go lond
[11:31] {Threei} oh well
[11:31] {Threei} PEIX is in its own universe... doesn't really relate to market
[11:32] {dino} you are the master
[11:34] {magoo} jesus christ..itsd the end of days
[11:34] {magoo} never bounce ever again
[11:36] {dino} rally
[11:37] {Threei} BRCM
[11:37] {Threei} .08 long for a scalp
[11:38] {Threei} if stays above 28
[11:40] {dptl} l .09
[11:40] {dino} rate blood
[11:41] {Chaeron} in BRCM @ .09 too dp
[11:41] {Threei} interesting chart EVVV
[11:42] {Threei} .31 two day's break
[11:42] {Threei} slooooow
[11:43] {esemde} have to be off see you all monday....Vad if you get a chance pop by the Oak Bay Tea Party 2:00pm....for my Rhythm and Blues Band
[11:43] {Threei} where is it ese?
[11:43] {dino} later es
[11:43] {Threei} oak bay ave?
[11:43] {esemde} Willows Beach....
[11:43] {Threei} ah
[11:43] {Threei} will try :)
[11:43] {esemde} Beach Drive
[11:43] {Threei} I know :)
[11:43] {esemde} see ya
[11:43] {Threei} stopped BRCM
[11:44] {Chaeron} yep - me too... -.12
[11:45] {dino} bmti
[11:46] {fernp} VLNC around the $3.50
[11:47] {Threei} shakeout BRCM
[11:47] {Threei} oh well
[11:53] {dino} cpla sm l .30
[12:02] {Threei} YHOO
[12:02] {Threei} ISSUES STATEMENT ON ICAHN LETTER
[12:02] {Threei} - Leaving aside Mr. Icahn's inaccurate interpretation of our retention plan, we again note that he has no credible plan to operate Yahoo!.
[12:02] {Threei} - We believe that Mr. Icahn's suggestion that we cancel our retention plan would have a destabilizing impact on Yahoo! and would clearly not be in the best interests of our shareholders.
[12:02] {Threei} - Furthermore, his suggestion that we put out a price publicly to see if Microsoft will alter its stated position is ill-advised. As we have stated numerous times publicly and privately, we are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders.
[12:02] {Threei} neverending saga
[12:10] {Chaeron} RIMM ?
[12:11] {Threei} looks to go if market does... .50 closest support, if can get it close to it worth a try
[12:16] {magoo} AAPL was stronger..same..moves with mkt
[12:19] {Threei} beautiful bounce right off .50
[12:19] {Threei} clean scalping footwork
[12:26] {dino} safm stop to b/e
[12:29] {dino} safm stop +.01
[12:29] {dino} .06 i mean
[12:39] {dino} amln
[12:44] {dino} damn safm too tight
[12:58] {Threei} yawn
[13:01] {Threei} why didn't I trust PARL
[13:02] {Threei} watching if pullback shows entry
[13:06] {dino} cpla to .40 mkt sucks
[13:07] {magoo} this mkt is severely damaged
[13:08] {Threei} oil highs do it I'd think
[13:08] {dino} cpla stopped ave .35, +.05
[13:08] {Threei} CRUDE OIL FUTURES HIT RECORD HIGH AGAIN, $135.49
[13:09] {patience} i love my electric scooter
[13:09] {Threei} no kidding
[13:10] {Threei} my 21-gallon tank feels like bottomless abyss now when I fill it up, lol
[13:10] {hawkfan4} 136
[13:13] {Chaeron} parl?
[13:13] {Threei} hard to tell if break is worth the risk
[13:13] {Threei} level 2 is so thin
[13:14] {Chaeron} thanks
[13:14] {Threei} see these bids with no support?
[13:14] {Chaeron} yes
[13:14] {Threei} would be of less concern if there was a clear momo
[13:15] {Threei} but as it is, it can drop 30 cents in one gasp
[13:15] {Chaeron} no thank you
[13:18] {Threei} I don't think we've ever had such one-day spike in oil
[13:19] {Chaeron} "If Iran continues its nuclear weapons programme, we will attack it," said Shaul Mofaz, who is also transportation minister.
[13:19] {Threei} yeah
[13:19] {Chaeron} Israeli Transportation Minister
[13:20] {Threei} that's what I linked earlier as probable explanation
[13:20] {Threei} here is the thought that I hate:
[13:20] {Chaeron} geesh... what the heck is the DEFENSE Minister saying then?
[13:20] {Threei} follow this logic:
[13:21] {Threei} Israel is not very keen on idea of Obama becoming president,
[13:21] {Chaeron} oh wait... this guy is up for Defene Minister... that's right...
[13:22] {Threei} in order to support McCain, creating feel of imminent threat to security is plausible way to go
[13:22] {Threei} racthing up the rhetorics and tension, while playing in this direction, at the same time pushes oil higher
[13:22] {dino} y
[13:22] {Chaeron} no no... that's ok... we'll reason with them... diplomacy first always works
[13:23] {dino} yeah, right, diplomacy in the muslim world, heck they don't even let their women go to school
[13:23] {Threei} and btw, it's not really strange that transportation ministry makes these comments
[13:24] {Threei} for one thing, it creates deniability for those who are responsible for ultimate desicion,
[13:24] {Threei} and for another, Israel's govt is militarized enough for any potrfolio to be involved
[13:25] {dino} sooner or later it will happen
[13:25] {dino} most likely sooner
[13:26] {Threei} so... who can cause us more harm, our foes or our friends? {G}
[13:27] {Threei} since there are no friends in politics, there are interests only... would it be impossible to see Israel's action causing even more pain at the pump?
[13:27] {Threei} Chaeron... have a look at PARL
[13:28] {Chaeron} gasp
[13:28] {Chaeron} :)
[13:28] {Chaeron} thanks
[13:29] {dino} beav stopped -.38
[13:38] {dino} ,midd sm l .00
[13:42] {Threei} FED'S BULLARD: SLOW GROWTH IS NO JUSTIFICATION TO CUT RATES AGAIN, THE LAST CUSTS WERE PREEMPTIVE, NOW IS THE TIME FOR PATIENCE
[13:42] {Threei} - Inflation expecations are fragile, risking breakdown. Forecasts for headline CPI above 3% are disturbing, wants to see inflation between 0.5-1.5%.
[13:42] {Threei} - Calls for action to control inflation expectations, sees the Fed's key job as inflation control. Fed rate policy will shortly turn to inflation control.
[13:42] {Threei} - Housing has been extraordinarily weak, but housing prices may be close to fair value today.
[13:42] {Threei} - Remains too early to say whether the market turmoil has ended, but Fed lending facilities have helped ease the strain.
[13:42] {Chaeron} did the fed just ask for Patience's help out of this mess? :)
[13:43] {Threei} they sure did
[13:46] {Threei} look at USO daily
[13:46] {Threei} this bar today,
[13:46] {Threei} it's either island bar or breakaway gap
[13:46] {Threei} Now, who would have thoufght this boring geeky matter is one defining the future of the country
[13:47] {Chaeron} I'm wishing I was at an island bar about now.......
[13:47] {Threei} lol
[13:47] {Threei} I'd join you
[13:47] {Chaeron} I'll buy
[13:48] {Threei} second round is on me then
[13:48] {Chaeron} done
[13:48] {Threei} Island is not in the plans for nearest future though, planning Alaska cruise instead
[13:50] {dino} you'll love it vad, 2 years ago i did the alaska cruise/tour package awesome
[13:50] {dino} princess
[13:51] {dino} amln sm l .00
[13:51] {Threei} serenade of the sea here
[13:52] {Threei} carribean line
[13:53] {Threei} when we have a few min next week, tell me which tours you took?
[13:53] {dino} i'd like to go again
[13:54] {dino} ok
[13:54] {Threei} AMAZON.COM HOME PAGE IS CURRENTLY DOWN; SITE ONLY SAYS "SERVICE UNAVAILABLE"
[13:54] {Threei} what kind of news headline is that
[13:55] {dino} mdco
[13:58] {Threei} OK PARL
[13:58] {Threei} if it intends to bounce at all, it has to be from here
[13:58] {Threei} stop under .80
[13:58] {_rant} crazy day
[13:58] {_rant} feels too late to short
[13:58] {_rant} and not too early to go long
[13:59] {_rant} fmcn ?
[14:03] {Threei} shirt if anything
[14:03] {Threei} on .50 break
[14:03] {Threei} short that was
[14:04] {_rant} market seems to be done selling
[14:05] {Threei} if loses 2010, will pick up new round of weakness
[14:05] {_rant} i m confused abt TSL
[14:05] {_rant} oil is up..and TSL is down 8.5%
[14:07] {Threei} gave nice report this morning too
[14:07] {_rant} ya
[14:07] {Threei} just shows you how much conventional logic applies to market
[14:07] {_rant} but fslr is green
[14:07] {_rant} weird
[14:08] {Threei} why SOLF, JASO, CSUN are red with this oil move?
[14:08] {_rant} true..but not as bad as TSL
[14:08] {Threei} no relation stays the same in the market... it works for a while, then it changes
[14:09] {Threei} they all used to move in unison with oil
[14:09] {dino} itmn
[14:09] {Threei} go with patterns, forget conventional logic
[14:09] {Threei} it never worked in markets
[14:10] {_rant} ya
[14:10] {_rant} makes ur head go crazy
[14:10] {Threei} short periods of time when it seems to be working are just to lure in those who can't live without logic
[14:10] {Threei} noty really
[14:10] {Threei} just different way of thinking
[14:10] {Threei} it's simple really:
[14:10] {_rant} when its a 300 pt down day
[14:11] {_rant} should u trade more longs or shorts ?
[14:11] {Threei} everyone on Earth understands concept of "good news - up, bad news - down"
[14:11] {Threei} thus, it can't work like this in market
[14:11] {Threei} because if everyone is right, who is losing then?
[14:11] {_rant} true
[14:11] {Threei} and if no one losing, who those who are right take money from?
[14:12] {Threei} see how FMCN flushed down again?
[14:13] {_rant} ya
[14:13] {_rant} WB ?
[14:13] {_rant} 20 holding out
[14:14] {_rant} vad, what should u be doin on 300 pt down days ?? play on the long side or short side more ?
[14:19] {Threei} you assume all 300 pt down days are the same
[14:19] {Threei} there are no single rule for that
[14:20] {Threei} here is one question that will show the difference:
[14:20] {Threei} how is -300 reached, in sharp verticla selling or by slow gradual ordrly slide?
[14:20] {Threei} obviously those are going to be very different cases, right?
[14:20] {_rant} yah
[14:20] {_rant} this seems gradual selling
[14:21] {_rant} stop losses triggering it more and more
[14:21] {Threei} pretty much
[14:22] {_rant} i will play the spectator today
[14:30] {dino} c'mon, get your hands dirty
[14:30] {_rant} scalped WB
[14:30] {dino} :)
[14:31] {_rant} compulsive :)
[14:39] {Threei} oil closed 139?
[14:39] {Chaeron} *sigh*
[14:40] {fernp} I have to go out. Have a great weekend all.
[14:40] {Threei} take care fern, have a great one
[14:40] {_rant} 139
[14:40] {_rant} wow
[14:40] {magoo} bye femp:)
[14:40] {_rant} brutal
[14:41] {dino} cya fern
[14:50] {dino} out nue .22 +.07
[14:54] {Chaeron} where's Lake Louise? how far from Vancouver?
[14:55] {Threei} Canadian rockies
[14:56] {Threei} within one day of driving
[14:56] {_rant} beav anyone
[14:56] {Chaeron} one day? heck... looking at Cathedral Mountain Lodge.... http://www.cathedralmountain.com/
[14:57] {Threei} not a full day... but closer city would be Calgary
[14:57] {Chaeron} oh ok
[14:57] {Chaeron} incredibly beautiful
[14:57] {Threei} oh yeah
[14:58] {Threei} and Moraine lake is even more picturesque
[14:58] {Threei} short drive from Lake Louise
[14:59] {dino} beav stopped me twice today, done w/it
[15:02] {peterg} Beginning to have fun, gun to head making paper trades!
[15:03] {Threei} :)
[15:07] {peterg} CALM?
[15:08] {magoo} c'mon boyz..buy into bell
[15:08] {Threei} boyz are skeered
[15:09] {Threei} CALM may be worth a try if retreats to 33
[15:09] {magoo} i shoulda asked earlier:)
[15:10] {Threei} can you really blame them
[15:10] {Threei} what power you have mags
[15:11] {Threei} may I ask you to demand lower oil?
[15:11] {dino} v magoo all powerful +60 points
[15:11] {Threei} please?
[15:11] {_rant} wow..beav is breakin up
[15:12] {dino} rant if you were sitting in the next office i'd throw something at you for bringing up beav
[15:12] {_rant} :)
[15:12] {dino} so instead i'll throw something at magoo
[15:12] {_rant} not getting greed now
[15:12] {_rant} will exit
[15:12] {magoo} ouch
[15:13] {dino} gj
[15:15] {_rant} fmcn is stuck at 31.50
[15:17] {magoo} c'mon boyz..don't stop now
[15:18] {_rant} few shorts covered
[15:18] {_rant} thts pretty much it
[15:18] {_rant} now back down
[15:20] {Threei} out yourself in boyz shoes
[15:21] {Threei} do you want to carry any position into weekend with what we had today?
[15:30] {dino} stopped amln -.06 at .94
[15:30] {dino} tighten midd stop to .08
[15:31] {Threei} is SQNM worth the risk or not
[15:31] {Threei} that is the question
[15:31] {Threei} IMO, hardly
[15:31] {Threei} not a good time for momo plays
[15:31] {Threei} and SQNM's momo is dying
[15:31] {dino} out midd .07, +.07
[15:38] {Threei} peter
[15:38] {Threei} nice find CALM
[15:38] {Threei} way to go
[15:39] {Threei} NIGERIAN OIL MIN: OPEC CAN INCREASE PRODUCTION IF NECESSARY
[15:39] {Threei} woohoo
[15:39] {Chaeron} wa that in an email to them? :)
[15:39] {Chaeron} asking for money?
[15:39] {Threei} lol
[15:41] {dino} risky sm ma l 296
[15:44] {peterg} Made .07 in CSCO so as not to feel defeated.
[15:46] {dino} gj
[15:50] {dino} out ma flat
[15:51] {dptl} have a good weekend all....:)
[15:51] {Threei} take care dp
[15:52] {dino} u2
[15:52] {Threei} lows again
[15:53] {Threei} boyz are dumping
[15:54] {magoo} they dissappoint
[15:54] {Threei} OK guys, thank you all
[15:55] {Threei} let's have a great relaxing weekend
[15:55] {magoo} ty vad
[15:55] {Threei} see you all on Monday
[15:55] {peterg} tks & by all
[15:56] {_rant} it will be interesting monday
[15:56] {_rant} 390 pts down
[15:56] {_rant} wow
[15:59] {_rant} some kind of record ? 405 pts
Thursday, June 5, 2008
Jun 05 2008
Session Start: Thu Jun 05 00:00:01 2008
[08:30] {Threei} NITIAL JOBLESS CLAIMS: 357K V 375KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.09M V 3.110ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 375K to 375K
[08:30] {Threei} - Prior Continuing Claims revised from 3.104M to 3.109M
[08:53] {esemde} morning cos hawk jm pet Vad
[08:54] {Threei} Good morning
[08:54] {peterg} mng all
[08:54] {magoo} mornink
[08:54] {Threei} peter, magoo :)
[08:54] {esemde} hey mags
[08:55] {esemde} it's anormal morning for me for a change...
[08:55] {esemde} are you coming to the Oak Bay Tea Party this weekend Vad
[08:56] {Threei} doubtful... got another guests to host from Fri to Wed
[08:56] {cosmo} tea?
[08:56] {esemde} bring the guest......
[08:56] {Threei} it's Oak Bay in Vicvtoria cosmo... more British than Britain :)
[08:57] {cosmo} so is English
[08:57] {esemde} yes ....I live behind the tweed curtain here in Victoria
[08:57] {esemde} so does Patience
[08:57] {Threei} yeah, you two are blue blood
[08:58] {fernp} good morning
[08:59] {Threei} so on our next get-together I intend to pour a litre of vodka in both of you and take pictures, to embarass royal family once again
[08:59] {Threei} fernp :)
[08:59] {Threei} and if you resist, dptl will help me hold you down
[08:59] {cosmo} hmmm... maybe 3i should run for office...
[09:00] {esemde} he would make a great canadian priminister
[09:00] {cosmo} you think?
[09:00] {Threei} Harper is doing a good enough job as far as I am concerned...
[09:01] {esemde} he's hangin in there for sure
[09:02] {Threei} waiting impatiently to see the cutlet he is going to make out of dion come next election
[09:03] {esemde} Harper should be able to get along with either Obama or or McCain(the french fry guy)
[09:03] {Threei} I still live in the past... I want Ron Paul
[09:04] {esemde} who in heck is rom Paul?
[09:04] {esemde} "Ron"
[09:04] {cosmo} old fasion Republican
[09:04] {cosmo} they cal them Libratatians these days tho
[09:05] {Threei} anyone whose platform includes "abolish the Fed, stop printing money like it's nothing" has my vote
[09:06] {cosmo} and your bar code tatoo too?
[09:06] {Threei} mine is old russian prison tradition... "won't forget my dear mother"
[09:07] {cosmo} never forget mother earth i say
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:16] {kazaam} gm
[09:16] {dino} :)
[09:16] {esemde} dino....another day another 100,000 dollars ehhhh
[09:16] {dino} in my dreams
[09:16] {Threei} kazaam :)
[09:16] {esemde} kaz
[09:17] {dino} tough match, i had to give 7 strokes guy shoots 7 over par
[09:17] {esemde} that would kill ya
[09:17] {dino} it did
[09:17] {dino} i shot 3 over and lost
[09:18] {esemde} i'm playing off a 9 these days...and these goofs i'm playing with are 18 teens and cleaning my clock
[09:19] {dino} yeah, those kids can whack a ball
[09:19] {esemde} ya out of bounds....
[09:19] {dino} i'm a 12, just played well last night (9 holes)
[09:20] {esemde} no better place to meet people but out on the links....someday dino we'll get out
[09:20] {dino} i would like that
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:23] {Threei} scroll up please, dp, you'll see what you are going to be tasked with on our next get-together
[09:23] {Threei} make sure you work out preparing for that, esemde is no slouch
[09:24] {magoo} ill start practicing more intense drinking then vad
[09:24] {dino} i will be there
[09:24] {magoo} get my stamina up
[09:24] {dino} just swing by my neighborhood magoo,
[09:25] {Threei} let me know when you can pour full glass of vodka (about 6 ounces) in your throat in one swoop and polish it off with nothing but cigarette, magoo
[09:25] {magoo} ah..cigarette is the only problem..other easy
[09:26] {magoo} u golf vad?
[09:26] {Threei} no, sorry
[09:26] {dptl} lol
[09:27] {dino} good, no lectures then, :)
[09:29] {esemde} morning dp
[09:29] {Threei} FCEL... maybe quick opening scalp
[09:31] {Threei} no clear setup
[09:32] {esemde} bstop LEH 32.47 1/2 lot
[09:33] {magoo} solars active todayt
[09:34] {Roman} 21 LLNW
[09:34] {Roman} 21 feels higher
[09:34] {Roman} 21 over $
[09:34] {Roman} 21 4
[09:35] {Threei} SOLF .95 long if stays above .80
[09:35] {dino} vrtx
[09:37] {Threei} LLNW, from daily... if takes 4, has a real shot to be a star
[09:37] {Roman} 21 long OMNI small
[09:37] {Roman} 21 6.25 area
[09:38] {Roman} 21 is SOLF still valid Vad?
[09:38] {magoo} LLNW..u waiting for pullbk?
[09:38] {esemde} long Leh .42
[09:38] {Threei} hard to tell Roman... not sure
[09:38] {Roman} 21 long SQNM
[09:38] {Roman} 21 9.33
[09:39] {magoo} in LEH w/ya ES
[09:39] {Threei} oh shh
[09:39] {Threei} missed VVUS
[09:40] {Threei} watching for possible pullback
[09:41] {Threei} SOLF setup is back
[09:41] {Threei} same condition
[09:43] {Threei} should cut through 22 like hot knife through buter
[09:43] {Threei} there
[09:43] {Threei} over 1:1
[09:43] {dptl} out .09 ty
[09:44] {Threei} welcome sir
[09:45] {Threei} CPSL 5.70 long if stays above 5.60
[09:45] {magoo} i like CSIQ here any thoughts?
[09:45] {Threei} not sure mags
[09:46] {peterg} where place stop SOLF if in at .85?
[09:46] {peterg} I wasn'
[09:46] {Threei} stop under .80, and spike over 22 was for partialing out or taking scalp
[09:48] {esemde} out flat on LEH .41
[09:48] {esemde} -.01....bouncing all over the place i don't recognize the pattern
[09:49] {magoo} if IF LEH takes .70 we get near 33
[09:49] {Threei} LEH
[09:49] {Threei} HEARING VAGUE POSITIVE CHATTER REGARDING THE COMPANY'S ABILITY TO RAISE CAPITAL
[09:49] {Threei} - rumor circulating that they have secured over $5B through an Asian financial institution
[09:49] {esemde} are you in mags
[09:49] {magoo} [09:40] {magoo} in LEH w/ya ES
[09:49] {magoo} [09:40] {Threei} oh shh
[09:50] {esemde} i'm out now mags...it's bouncing all over the place too volitile
[09:50] {esemde} i couldn't read it
[09:51] {esemde} looking good for you now though
[09:51] {magoo} actually..u had a good read
[09:51] {esemde} good on ya mags.....
[09:51] {magoo} and it didn't stop us
[09:51] {Roman} 21 out 1/2 SQNM +.18, trailing ramaining
[09:51] {magoo} should have hung in
[09:51] {Threei} TKLC
[09:52] {Threei} .50 meltdown long
[09:52] {esemde} ya....but it was that second shot down to 32.04 that threw me
[09:52] {Threei} if stays above .40
[09:52] {magoo} in CSIQ.95 goota do iyt
[09:53] {Threei} ZIXI got away too
[09:53] {Threei} I am not hunting very well today
[09:53] {fernp} PETM
[09:53] {dino} no trades yet
[09:54] {dino} missed vrtx s i wsas at 33.40
[09:54] {dino} twp, regn interesting
[09:56] {dino} magoo doing his ross perot impression
[09:56] {Threei} sorry dino... must be tough on you
[09:57] {esemde} nice one magoo LEH....looks like it's going to give 33
[09:57] {magoo} "if ya take a penny...and double...well shiiite...u up 100 percent"
[09:58] {magoo} thats ross
[10:00] {Threei} *Q1 MORTGAGE DELINQUENCIES: 6.35% V 5.82% PRIOR
[10:00] {dino} now i'm going to make magoo mad, out ma from yesterday afternoon, 301.43, +3.20
[10:01] {magoo} that does piss me off
[10:01] {magoo} he holds a nutso stox overnite..slacker goes golfing..and profits while i work 8 to 6pm everyday
[10:01] {dino} he yells it doesn't count, i say w/chuck it does
[10:02] {dino} shake 'n bake baby
[10:02] {Threei} beautiful job on SQNM Roman
[10:02] {Roman} 21 ty
[10:03] {Threei} tagging yesterday's high
[10:03] {Roman} 21 i am sitting in it
[10:03] {Roman} 21 looking for $10.5
[10:06] {Threei} TKLC merrily triggered
[10:06] {Threei} daily looks good
[10:07] {dptl} hmm...only got 100sh
[10:07] {Threei} VVUS
[10:07] {Threei} .50 break long if holding above .35
[10:08] {Threei} SQNM humming along
[10:08] {Threei} 10.50 you say Roman?
[10:08] {Roman} 21 yes, y not
[10:08] {Threei} OK... you promised
[10:08] {Roman} 21 is CPSL still valid?
[10:08] {dino} ipi l sm .40, stop .04
[10:08] {magoo} i can't take it..ill have to chase in SQNM
[10:09] {Threei} would like to see more activity in CPSL... not sure
[10:09] {esemde} mago are you still in LEH...if so ...how are you reading it now
[10:09] {magoo} it hasn;t stopped me..waiting 33.29
[10:10] {Threei} magoo? reading? dino, could you please disillusion ese?
[10:10] {magoo} stop is 31.99, entry was w/u .42
[10:10] {magoo} halfer
[10:10] {dino} ahhh, es, magoo really doesn't know how to read, he watches the colors
[10:10] {Threei} there
[10:10] {esemde} was just wondering what your seeing as opposed to me....
[10:11] {_rant} any read on SVR ?
[10:11] {_rant} down 8%
[10:11] {magoo} i see 33 as a magnate
[10:11] {Threei} strong market rant... why bother with losers?
[10:11] {magoo} on a powerful volatile stock
[10:11] {esemde} gotcha......
[10:11] {magoo} THERE
[10:11] {esemde} and there you go
[10:12] {magoo} OUT
[10:12] {magoo} .29
[10:12] {esemde} nice!!!!
[10:12] {Threei} wtg mags
[10:12] {magoo} colors work dino...don't get tpo complicated
[10:12] {dino} lol and gj
[10:12] {Threei} they sure do
[10:12] {magoo} .42 to .29 plus something good
[10:13] {magoo} look at high ES
[10:13] {magoo} .31
[10:13] {Threei} green good, red bad - all you need to know when long
[10:13] {Threei} inverse when short
[10:14] {Roman} 21 ASIA vad
[10:14] {Roman} 21 ?
[10:14] {dino} that explains alot as i'm color blind
[10:14] {Roman} 21 CSUN?
[10:14] {Threei} SQNM should penetrate 10 easily
[10:14] {magoo} thats it..in.87
[10:14] {Threei} TKLC chewed through the next resistance
[10:15] {magoo} don't want to listen to vad and roman pat each others back all day and not profit
[10:15] {Roman} 21 :)
[10:15] {dino} matk sm l .10
[10:15] {magoo} out CSIQ .15, + .20
[10:15] {Threei} TKLC over 1:1 actually... but not a scalp for me
[10:15] {Roman} 21 vad, is CSUN going to penetrade ?
[10:15] {dptl} there....out +$10 tklc....ty :)
[10:16] {Threei} can't get a feel for it Roman
[10:16] {Roman} 21 new work, penetrade
[10:16] {Threei} lol dp... don't spend it all at once
[10:16] {Roman} 21 new word that is
[10:16] {dptl} :)
[10:16] {Threei} inflation is rampant as it is
[10:16] {Threei} don't want you to add to the problem
[10:18] {dino} wtg
[10:19] {Threei} half out TKLC .72 and .71
[10:19] {Threei} stop to .49 for the balance
[10:19] {Threei} offering SQNM into spike over 10
[10:20] {_rant} YGe
[10:21] {dino} out matk .50 +.40
[10:21] {Threei} cna't stand it, out half .99
[10:22] {magoo} waiting .08'
[10:22] {dptl} ahh....got to go..have a great day everyone :) see ya tomorrow
[10:22] {Threei} ugh
[10:23] {magoo} take care do:)
[10:23] {Threei} take care dp... I knew you wanted to spend that $10 asap
[10:23] {dptl} lol
[10:23] {Roman} 21 ROYL bouncer
[10:24] {magoo} did we ever find out what SQNM does?
[10:24] {dino} later dp
[10:24] {Roman} 21 VNDA long
[10:24] {Threei} finally
[10:25] {Roman} 21 small VNDA 5.20
[10:25] {magoo} out SQNM
[10:25] {Threei} yes mags
[10:26] {magoo} lil scalp..late to pasrty but hey..picked up
[10:26] {Threei} probably due to pull back
[10:26] {Threei} you got in really late
[10:26] {Threei} so have to control risk tighter
[10:26] {magoo} right..like showiung up at frat party at midnite..meet girl...and split with her by 1 a.m
[10:27] {magoo} not my ultimate fantasy girl..but not alot of effort either
[10:27] {Threei} last time I tried to do that, my wife told me it was very impolite
[10:27] {magoo} and it worx
[10:28] {Roman} 21 CROX
[10:28] {Roman} 21 nearing yesterday's high
[10:28] {magoo} check this out..my wife was at same college as me at same time...but i had different girl friend at the time
[10:29] {Roman} 21 u went to college?
[10:29] {Roman} 21 wrong window sorry
[10:29] {magoo} oh yeah baby..6 years in fraternity
[10:30] {Roman} 21 6 years, i got masters?
[10:30] {Threei} VVUS is valid
[10:30] {magoo} no..lol
[10:31] {magoo} i tried not to let studying interfere with my education if u know what i mean
[10:31] {dino} b.s finance
[10:31] {dino} had to erase all of that to learn trading
[10:31] {dino} you know, "the efficient market" junk
[10:31] {Threei} what bs
[10:32] {Threei} invention of academics never traded single share
[10:32] {dino} bachelor of science, business finance
[10:32] {Threei} random market is another piece of crap
[10:32] {dino} agree
[10:33] {dino} every day i do what cannot be done according to old profs.
[10:33] {Threei} exactly
[10:34] {dino} alog
[10:34] {Threei} here is the summary of magoo's years in college: his comrades copulated with anything that breathed and moved; he, on another hand, never saw the necessity to limit himself so severely
[10:35] {dino} who would've thought i could make $ listening to alternative rock, while watching mtv
[10:35] {fernp} JDSU vad?
[10:36] {Threei} blast from the past
[10:36] {Threei} tempting
[10:36] {Threei} well, .51 long with .39 stop... why not
[10:36] {fernp} ok
[10:37] {Threei} sheesh, Roman is right about 10.50
[10:37] {Threei} I am out .25
[10:37] {Threei} can't take it anymore
[10:38] {Threei} marrow starts boiling in my scalper bones
[10:38] {Roman} 21 out a bit more +.89
[10:39] {Threei} VVUS
[10:39] {Threei} trrriger
[10:39] {dino} nice
[10:40] {magoo} vvus? what was trig?
[10:41] {Roman} 21 out VNDA 1/2 +.25
[10:41] {magoo} was busy looking up the word " copulated"lol
[10:41] {Threei} [10:07] {Threei} VVUS
[10:41] {Threei} [10:07] {Threei} .50 break long if holding above .35
[10:41] {Roman} 21 out 1/2 OMNI +.19
[10:41] {Threei} scorching hot Roman
[10:43] {Roman} 21 VNDA getting interesting
[10:43] {Roman} 21 volume coming in
[10:45] {Roman} 21 but to buy this on on strong pullback
[10:45] {Chaeron} good morning all... VVUS still valid?
[10:46] {Threei} hi chaeron, yes
[10:46] {Chaeron} and JDSU?
[10:46] {Threei} yes but JDSU is a very slow one, be warned
[10:46] {Roman} 21 out remaining SQNM +1.27
[10:47] {Threei} what the hell just happened on VVUS?
[10:47] {Chaeron} dang missed vvus
[10:47] {Threei} chaeron bought
[10:47] {Threei} ?
[10:47] {Threei} lol
[10:47] {Threei} I thought that was you
[10:47] {Threei} and Roman...
06[10:47] * Threei slaps Roman around a bit with a large trout
[10:48] {Roman} 21 to make u feel better i only had 300 shares left
06[10:49] * magoo slaps Roman around a bit with a large trout
[10:50] {magoo} indecent
[10:50] {Threei} totally
06[10:50] * magoo slaps kazaam around a bit with a large trout
[10:50] {Threei} even 300 shares don't make it any better
06[10:50] * magoo slaps peterg around a bit with a large trout
06[10:50] * magoo slaps _bounce around a bit with a large trout
[10:50] {Threei} uh oh
06[10:50] * magoo slaps _rant around a bit with a large trout
[10:50] {Threei} trout rage
06[10:50] * magoo slaps Threei around a bit with a large trout
06[10:50] * magoo slaps Chaeron around a bit with a large trout
06[10:50] * magoo slaps cosmo around a bit with a large trout
06[10:50] * Threei is hiding under the nearest rock
06[10:50] * magoo slaps dino around a bit with a large trout
[10:50] {kazaam} lol
06[10:50] * magoo slaps dptl around a bit with a large trout
06[10:50] * magoo slaps esemde around a bit with a large trout
06[10:50] * magoo slaps fernp around a bit with a large trout
06[10:50] * magoo slaps hawkfan4 around a bit with a large trout
[10:50] {Threei} VVUS 1:1
06[10:50] * magoo slaps jmb around a bit with a large trout
06[10:50] * magoo slaps patience around a bit with a large trout
06[10:51] * magoo slaps patience around a bit with a large trout
06[10:51] * magoo slaps patience around a bit with a large trout
[10:51] {Threei} stuck?
[10:51] {magoo} see if she is paying attention
[10:51] {Threei} out half VVUS .70
[10:51] {Chaeron} nice on VVUS... too bad I am only spectator..............
[10:51] {Threei} it was right there for you when you asked...
[10:51] {Threei} under the trigger
[10:52] {Threei} why hesitation?
[10:52] {Chaeron} looking at too much
[10:52] {Threei} stop from that entry would be lousy 121-13 cents
[10:56] {magoo} jesus..SQNM vad roman
[10:56] {Chaeron} holy cow status
[10:59] {esemde} I'm outta here all have a great day...see ya tomorrow
[11:01] {fernp} take care ese
[11:02] {Threei} bye ese
[11:03] {Threei} I want all those academics to have a look at our daily return and reiterate their "market can't be timed" thesis
[11:04] {Threei} FED'S LACKER: NO OBSERVATION OF 1970S STYLE PRICE WAGE SPIRAL DUE TO INCREASED GAS PRICES
[11:04] {Threei} - Notes some inflation expecations worsened in Feb and March, but have since stabilized, Fed's decision on rates will be data dependent
[11:04] {Threei} - Expects US growth to increase gradually in next 12 months,
[11:04] {Roman} 21 VNDA highs
[11:04] {Roman} 21 nice
[11:04] {Roman} 21 AAPL magoo,
[11:05] {magoo} l rimm here
[11:05] {Threei} - Remarks that the BSC deal did not come easily, was 'excruciating choice', other banks may seek similiar accomodation due to moral hazard affecting expectations
[11:05] {Threei} RUSSIAN PRESIDENT MEDVEDEV: FURTHER EXPANSION OF NATO WILL DAMAGE RELATIONS WITH RUSSIA
[11:05] {Threei} welcome to cold war, episode 2
[11:07] {magoo} out rimm
[11:07] {magoo} do not like charet
[11:09] {Threei} VNDA getting pewrky
[11:10] {dino} ipi stop to .60
[11:10] {dino} matk l .90
[11:10] {magoo} l aapl here
[11:11] {magoo} .65
[11:14] {magoo} out here .91
[11:14] {magoo} +.36
[11:14] {Threei} wtg
[11:14] {Threei} wastchng SQNM for possible short setup
[11:15] {magoo} avail?
[11:15] {Threei} yes
[11:15] {Threei} keep it to half lot
[11:15] {magoo} risky..but back in RIMM l
[11:15] {magoo} .25
[11:15] {dino} matk stop to .20 ipi to .70
[11:17] {Threei} typed "11 loss trigger" and was a bit late...
[11:17] {Threei} if bounces into 11 and can't break it, short with 11.10 strop
[11:19] {Threei} FED'S KOHN: IF HOME PRICES CONTINUE TO DROP, LOAN DEFAULTS ARE LIKELY TO INCREASE
[11:20] {Threei} deep
[11:20] {Threei} and if oil continues to increase, planes are going to start dropping from the sky
[11:20] {magoo} RIMM should go here
[11:20] {Threei} there... I can do it as well
[11:21] {magoo} u like flying vad?
[11:21] {Threei} used to
[11:21] {magoo} same here..no more
[11:21] {Threei} not now with all the security
[11:22] {Roman} 21 long ACPW off 1.60
[11:26] {Roman} 21 NVLS spike down
[11:31] {Threei} OPEC EXPORTS TO REACH HIGHEST LEVEL OF 2008 BY LATER THIS MONTH - TANKER TRACKER SERVICE
[11:32] {magoo} l aapl .10
[11:34] {Threei} US CONGRESSMAN: PROBE HAS UNCOVERED OIL MARKET MANIPULATION
[11:35] {Threei} yes... let's start witch hunt
[11:35] {Chaeron} which Congressman?
[11:36] {Threei} doesn't say
[11:36] {Threei} I'd like to know their definition of the word manipulation
[11:37] {magoo} wait .61 rimm
[11:40] {magoo} waiting .42 aapl
[11:41] {magoo} OUT +.32
[11:41] {magoo} TY vad
[11:41] {Threei} hmm?
[11:41] {magoo} aapl
[11:41] {Threei} I never called it
[11:42] {magoo} oh..that was mine
[11:42] {Threei} I'll take the credit if you insist
[11:42] {Threei} but just want to keep record straight :)
[11:42] {magoo} [11:33] {magoo} l aapl .10
[11:43] {magoo} in it so so long forgot who called it
[11:43] {Threei} market got locked into tight range
[11:43] {Threei} sitting on a sideline so far
[11:43] {Threei} morning was pure beaurty
[11:43] {Threei} -r
[11:45] {magoo} greed not selling rimm .61
[11:46] {magoo} bvutv if IF someone with me.....u should
[11:47] {kazaam} when looking over your old videos i noticed sometimes you guys would reference the Nasdaq futures moving higher as a good confirmation to a trigger
[11:47] {magoo} anyone go with me?
[11:47] {kazaam} if the nq is trending higher would you take a short?
[11:48] {magoo} i usually won't
[11:48] {Threei} depends kaz
[11:48] {Threei} usually not but there are salmons
[11:48] {Threei} stocks that swim against the current
[11:48] {Threei} imagine a stock that consolidates near the low while NQ moves higher
[11:49] {Threei} it's likely to break down as NQ pulls back
[11:49] {kazaam} gotcha
[11:53] {Threei} have a look at BEAV
[11:53] {Threei} consolidation near 29.50
[11:53] {Threei} NQ pulled back slightly over last 5 min, look how BEAV broke down
[11:54] {magoo} out RIMM .40, dummy
[11:54] {kazaam} i c
[11:54] {magoo} + .15
[12:00] {Threei} FED'S PLOSSER: FED MUST COMMIT TO ACT IN SYSTEMATIC WAY, EFFORTS TO CALM MARKETS MAY INCREASE RISKS
[12:01] {Threei} wow... some of them get it... or, some of them say it as it is
[12:15] {_bounce} Were the trades you called today pulled from your scanner Vad?
[12:16] {Threei} most yes
[12:16] {Threei} some were simply from watching active stocks
[12:16] {_bounce} Thanks
[12:16] {Threei} like VVUS, that was on radar from yesterday
[12:22] {kazaam} are you filtering through trades and stocks constantly or do you find a small group and just work within that small group?
[12:22] {Roman} 21 CSUN and other solars on radar
[12:22] {Threei} nope, whole market
[12:26] {Threei} MBI
[12:26] {Threei} CEO DISCLOSES BUY OF 159K SHARES AT $5.91/SHR
[12:27] {Threei} he is up 4 cents
[12:27] {Threei} one necessary addition kaz,
[12:27] {Chaeron} sell!!!
[12:28] {Threei} I will pay more attention to those that belong to the hot sectors
[12:28] {Threei} even though I scan for all of them
[12:28] {Threei} you could see us focusing on solars, or oil services
[12:28] {Threei} or financials
[12:29] {kazaam} gotcha
[12:30] {Threei} also, there is way to find next candidate by going off sympathy concept
[12:30] {kazaam} sympathy? correlation by sector?
[12:30] {Threei} if one of solar leaders show active movement, it's reasonable to starty looking through the sector
[12:31] {Threei} and find those that move in unison
[12:31] {Threei} with idea to use the delay for early entry
[12:31] {Threei} snake principle
[12:31] {kazaam} oh i see
[12:31] {Threei} tail goes where head does
[12:35] {Threei} ok QTWW
[12:35] {hawkfan4} i trade STP off of FSLR all the time
[12:36] {Threei} sheesh... I didn't sell all that much
[12:37] {kazaam} is the move of FSLR the trigger for STP or do you also look for some other confirmation?
[12:37] {Threei} anyway, out 2K more at .93
[12:37] {Threei} 1K left
[12:37] {Chaeron} then we short??? :)
[12:37] {Threei} hmmm
[12:38] {Threei} it's not even available :)
[12:38] {hawkfan4} other factors, watch the whole sector...you have to watch them for a while to get a feel for how the relate
[12:39] {hawkfan4} the=they
[12:39] {kazaam} gotcha
[12:53] {dino} fast drop ipi
[13:01] {dino} matk sm l .40
[13:17] {magoo} .
[13:17] {Threei} very fine point
[13:29] {dino} out matk .50 +.10
[13:31] {Threei} amazing how market died completely
[13:33] {magoo} or are u sleeping?
[13:33] {Threei} that too
[13:34] {Threei} but it never impacted my trading before
[13:34] {Threei} you don't seriously think I trade being awake, do you
[13:40] {Threei} what's with CBAK
[13:40] {Threei} no news
[13:43] {Threei} FED'S PLOSSER: 'TYPICALLY WE DO NOT INTERVENE' ON CURRENCIES; A DECISION ON INTERVENTION WOULD COME FROM THE US TREASURY; REGULATORY REFORM SHOULD NOT INTERFERE WITH ACCESS TO CREDIT AND INNOVATION IN REFORM - Q&A
[13:43] {Threei} - Bad regulations risk setting up the next crisis.
[13:43] {dino} cbak, insider buy 1,080,000
[13:44] {Threei} ty
[13:44] {dino} whats w/oyog last two days
[13:45] {dino} grmn fast drop
[13:50] {Threei} 11 loss is another short try SQNM
[13:50] {Threei} 11.15 stop
[13:53] {kazaam} why short on SQNM?
[13:53] {kazaam} is 11 critical support?
[13:54] {Threei} lower high, market running out of steam, volume dries up on advances
[13:54] {kazaam} awwww volume
[13:54] {dino} sm s vrtx .49
[13:54] {Threei} first run topped out at 11.25
[13:55] {Threei} this one at 11.14
[13:55] {Chaeron} I'm in... if that makes a diff magoo :)
[13:55] {Threei} fair chance of reversal for the stock that traded under 8 just two days ago
[13:55] {Chaeron} 11.00
[13:56] {Threei} and with 15 cents stop... honestly, I'll take almost any trade that makes any kind of sense :)
[13:57] {Threei} dino... I just figured out why GRMN dropped
[13:57] {Threei} gasolin going up, driving is way down, and he {G}who doesn't drive has no need in GPS
[13:57] {dino} lol
[13:58] {Chaeron} that's logical :)
[13:58] {Threei} I am king of logic
[13:58] {dino} you are all knowing
[13:58] {Threei} I was barely 5 when I figured out that if tree good then fire bad
[13:59] {Threei} now, less brillinat part is, this philosophy stayed with me ever since
[14:00] {magoo} im confused
[14:00] {Threei} welcome to my normal state
[14:00] {magoo} i thought normal state for u was sleep?
[14:01] {Threei} why do you think I like GRMN so much?
[14:01] {Threei} SQNM under 1:1
[14:01] {Chaeron} 1:1
[14:01] {Threei} like shooting fish in a barrel
[14:01] {Chaeron} sorry Threei, thought you were bantering with magoo
[14:01] {Threei} I am good at multitasking
[14:01] {Chaeron} hit it over head to go under .70 and we can move on please?
[14:02] {Threei} which explains why I can successfully combine being confused and sleeping at the same time
[14:02] {Threei} does it answer it mags?? :)
[14:04] {magoo} OY:)
[14:05] {Chaeron} mkt airpocket
[14:05] {Threei} come on, admit it: sleeping, being confused and having 5 years old outlook on life constitutes very good multitasking
[14:06] {Chaeron} or just ADD :))
[14:06] {magoo} but u are confusing someone who took 6 years to complete 4 year college curriculame
[14:06] {Chaeron} "lame"? heh
[14:06] {Threei} freudian slip?
[14:06] {dino} what are you guys yapping about? confusing me
[14:07] {Threei} rofl
[14:07] {Threei} good one dino
[14:07] {dino} hate to do it but......................dieeeeeeeeeeeeeeeeeeeeeeeb vrtx
[14:07] {Threei} too bad esemde and bruce are not here... they would have enjoyed this immensely
[14:07] {Chaeron} cmon SQNM give it up.... folllow the market, will ya?
[14:08] {Threei} just play it by the book chaeron
[14:08] {Threei} 1;1, half out, trail balance
[14:08] {Threei} no need to invent wheel
[14:08] {Chaeron} yeah yeah... I want to go to the bathroom...
[14:08] {Threei} so?
[14:08] {Threei} set stop
[14:09] {Chaeron} noooo
[14:09] {dino} lol
[14:09] {Threei} well, if your bladder sues you for cruel and unusual punishment...
[14:10] {magoo} are u don't edit any of this crap??
[14:11] {magoo} although to edit crap would be like 75%
[14:11] {Threei} nope
[14:12] {Threei} I'll leave it for ese and bruce to read
[14:12] {Threei} I am too lazy to track down all the crap
[14:13] {dino} are you still talking about chaer's bathroom
[14:13] {Threei} lol
[14:21] {Chaeron} man... marlet not sucking SQNM with it
[14:21] {Chaeron} can't you tell I gotta go bad?
[14:22] {magoo} crap..i was looking at wrong stock lol
[14:22] {Threei} rofl
[14:22] {magoo} staring at aapl..not in it
[14:25] {Threei} S&P CUTS ABK, MBI FINANCIAL STRENGTH RATINGS TO AA FROM AAA; ON WATCH NEGATIVE
[14:25] {Roman} 21 long SOLF small?
[14:25] {Roman} 21 took some
[14:25] {Roman} 21 21.87
[14:25] {Threei} with stop under .80?
[14:26] {Roman} 21 yeah, tight
[14:34] {kazaam} as i am learning i dont know if i want to pay 150 a month for laser, would you guys suggest I just use mbtrading until I develop a profitable method?
[14:35] {Chaeron} where's Dave????
[14:36] {dino} dk kaz...i'm w/schwab/stsmartpro/cyber
[14:36] {dino} charts free
[14:36] {Roman} 21 FCEL long setup
[14:36] {Roman} 21 spike
[14:36] {Roman} 21 looking good
[14:36] {Roman} 21 hate to chase
[14:37] {Threei} kazaam, dcc
[14:43] {Threei} IVAN
[14:43] {Threei} 52 week high
[14:44] {Threei} broke important resistance at 3
[14:46] {Chaeron} SQNMstopped
[14:46] {Chaeron} -.17
[14:47] {Threei} you didn't trail it?
[14:47] {Chaeron} didn't see that
[14:47] {Chaeron} too busy dancing...
[14:48] {dino} lol
[14:49] {Threei} [14:08] {Threei} just play it by the book chaeron
[14:49] {Threei} [14:08] {Threei} 1;1, half out, trail balance
[14:49] {Threei} [14:08] {Threei} no need to invent wheel
[14:50] {Chaeron} ok, ok, can I go now???
[14:52] {dino} please
[14:59] {Roman} 21 out 1/2 SOLF +.27
[15:00] {dino} gj
[15:00] {magoo} nice rfr
[15:00] {Roman} 21 ty
[15:00] {Roman} 21 markets helped
[15:05] {peterg} Am about to install intelliscan, and I figure I will be so overwhelmed with information I won't be able to think for weeks. Thoughts?
[15:06] {magoo} huh?
[15:06] {Threei} I am overwhelemed by the very attempt to think
[15:06] {magoo} i gotta pee sooooooo bad now
[15:06] {peterg} Heck, I can't even make a decfision anyway.
[15:06] {peterg} Do it.
[15:06] {dino} esmk
[15:06] {magoo} just DO IT...we all did
[15:06] {peterg} OK
[15:06] {Threei} I didn't
[15:09] {magoo} i really gotta go
[15:12] {Threei} what now?
[15:12] {magoo} in RIMM olong
[15:12] {Threei} where did all this happiness come from?
[15:12] {magoo} havre to pee BBBBBAAAAAAAAAAADDDDDDDDDDD
[15:13] {Threei} a bit more information than we needed
[15:13] {Threei} especialy considering that we are overwhelmed by information as it is
[15:13] {magoo} the position info??
[15:16] {Threei} look at LEH
[15:26] {dino} vrtx bstop to .40 won't move
[15:29] {dino} cov +.10
[15:32] {magoo} news RIMM vad?
[15:32] {Threei} nope
[15:32] {magoo} jes..it tanked
[15:32] {Threei} ABK
[15:32] {Threei} SAYS IT DISAGREES WITH YESTERDAY'S RATINGS ACTION BY S&P
[15:32] {Threei} - says it has substantial excess capital available under both Moody's and S&P's capital models
[15:33] {dino} cvat fight
[15:33] {dino} cat
[15:34] {Threei} more like class geek objecting while being beat up by school bully
[15:35] {Threei} you hit me in the eye? I disagree with your action
[15:36] {Threei} so, how likely is it IVAN gaps up tomorrow morning?
[15:37] {Threei} not taking it home for the following reason:
[15:37] {Threei} it's a very thick stock, moves very slowly, and even if it gaps, it's likely to give a lot of entry opportunities
[15:37] {Threei} so why take additional risk
[15:46] {Threei} interesting day
[15:46] {Threei} very active in the morning
[15:47] {Threei} pause later in the day, still holding near the high,
[15:47] {Threei} and look where this high is:
[15:47] {Threei} NASDAQ high from previous rally
[15:47] {Threei} 05/19
[15:48] {dino} hmmm
[15:48] {Threei} horisontal support at 1945 - 1950 held,
[15:48] {Threei} we hit highs again
[15:48] {Threei} LEH seems to be supported
[15:48] {Threei} ABK and MBI too
[15:49] {Threei} we may be looking at new phase of bull move, however improbable it sounds
[15:49] {cosmo} sounds reasonable
[15:50] {dino} matk l .20
[15:50] {Threei} improbale to such degree that it becomes reasonable
[15:50] {Threei} I like the sound of it
[15:50] {magoo} what would hurt the most?bear or bull
[15:52] {dino} stop to .30
[15:52] {dino} out +.10
[15:52] {dino} calling it a day, thx all, good one
[15:53] {Threei} mags,
[15:53] {Threei} problem is
[15:53] {Threei} market is very sensitive to any kind of news
[15:53] {Threei} any projection can get shuttered in minutes
[15:53] {Threei} so... I am just playing it by ear
[15:53] {Threei} keeping an eye on big pocture to have some kind of framework
[15:55] {cosmo} maybe see a doctor...
[15:55] {Threei} OK guys, thank you all
[15:55] {Threei} have a great evening
[15:55] {Threei} see you tomorrow
[15:55] {kazaam} adios everybody
[15:56] {magoo} TY vad everyone
[08:30] {Threei} NITIAL JOBLESS CLAIMS: 357K V 375KE;
[08:30] {Threei} CONTINUING CLAIMS: 3.09M V 3.110ME
[08:30] {Threei} - Prior Initial Jobless Claims revised from 375K to 375K
[08:30] {Threei} - Prior Continuing Claims revised from 3.104M to 3.109M
[08:53] {esemde} morning cos hawk jm pet Vad
[08:54] {Threei} Good morning
[08:54] {peterg} mng all
[08:54] {magoo} mornink
[08:54] {Threei} peter, magoo :)
[08:54] {esemde} hey mags
[08:55] {esemde} it's anormal morning for me for a change...
[08:55] {esemde} are you coming to the Oak Bay Tea Party this weekend Vad
[08:56] {Threei} doubtful... got another guests to host from Fri to Wed
[08:56] {cosmo} tea?
[08:56] {esemde} bring the guest......
[08:56] {Threei} it's Oak Bay in Vicvtoria cosmo... more British than Britain :)
[08:57] {cosmo} so is English
[08:57] {esemde} yes ....I live behind the tweed curtain here in Victoria
[08:57] {esemde} so does Patience
[08:57] {Threei} yeah, you two are blue blood
[08:58] {fernp} good morning
[08:59] {Threei} so on our next get-together I intend to pour a litre of vodka in both of you and take pictures, to embarass royal family once again
[08:59] {Threei} fernp :)
[08:59] {Threei} and if you resist, dptl will help me hold you down
[08:59] {cosmo} hmmm... maybe 3i should run for office...
[09:00] {esemde} he would make a great canadian priminister
[09:00] {cosmo} you think?
[09:00] {Threei} Harper is doing a good enough job as far as I am concerned...
[09:01] {esemde} he's hangin in there for sure
[09:02] {Threei} waiting impatiently to see the cutlet he is going to make out of dion come next election
[09:03] {esemde} Harper should be able to get along with either Obama or or McCain(the french fry guy)
[09:03] {Threei} I still live in the past... I want Ron Paul
[09:04] {esemde} who in heck is rom Paul?
[09:04] {esemde} "Ron"
[09:04] {cosmo} old fasion Republican
[09:04] {cosmo} they cal them Libratatians these days tho
[09:05] {Threei} anyone whose platform includes "abolish the Fed, stop printing money like it's nothing" has my vote
[09:06] {cosmo} and your bar code tatoo too?
[09:06] {Threei} mine is old russian prison tradition... "won't forget my dear mother"
[09:07] {cosmo} never forget mother earth i say
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:16] {kazaam} gm
[09:16] {dino} :)
[09:16] {esemde} dino....another day another 100,000 dollars ehhhh
[09:16] {dino} in my dreams
[09:16] {Threei} kazaam :)
[09:16] {esemde} kaz
[09:17] {dino} tough match, i had to give 7 strokes guy shoots 7 over par
[09:17] {esemde} that would kill ya
[09:17] {dino} it did
[09:17] {dino} i shot 3 over and lost
[09:18] {esemde} i'm playing off a 9 these days...and these goofs i'm playing with are 18 teens and cleaning my clock
[09:19] {dino} yeah, those kids can whack a ball
[09:19] {esemde} ya out of bounds....
[09:19] {dino} i'm a 12, just played well last night (9 holes)
[09:20] {esemde} no better place to meet people but out on the links....someday dino we'll get out
[09:20] {dino} i would like that
[09:22] {dptl} good morning all
[09:22] {Threei} dp :)
[09:23] {Threei} scroll up please, dp, you'll see what you are going to be tasked with on our next get-together
[09:23] {Threei} make sure you work out preparing for that, esemde is no slouch
[09:24] {magoo} ill start practicing more intense drinking then vad
[09:24] {dino} i will be there
[09:24] {magoo} get my stamina up
[09:24] {dino} just swing by my neighborhood magoo,
[09:25] {Threei} let me know when you can pour full glass of vodka (about 6 ounces) in your throat in one swoop and polish it off with nothing but cigarette, magoo
[09:25] {magoo} ah..cigarette is the only problem..other easy
[09:26] {magoo} u golf vad?
[09:26] {Threei} no, sorry
[09:26] {dptl} lol
[09:27] {dino} good, no lectures then, :)
[09:29] {esemde} morning dp
[09:29] {Threei} FCEL... maybe quick opening scalp
[09:31] {Threei} no clear setup
[09:32] {esemde} bstop LEH 32.47 1/2 lot
[09:33] {magoo} solars active todayt
[09:34] {Roman} 21 LLNW
[09:34] {Roman} 21 feels higher
[09:34] {Roman} 21 over $
[09:34] {Roman} 21 4
[09:35] {Threei} SOLF .95 long if stays above .80
[09:35] {dino} vrtx
[09:37] {Threei} LLNW, from daily... if takes 4, has a real shot to be a star
[09:37] {Roman} 21 long OMNI small
[09:37] {Roman} 21 6.25 area
[09:38] {Roman} 21 is SOLF still valid Vad?
[09:38] {magoo} LLNW..u waiting for pullbk?
[09:38] {esemde} long Leh .42
[09:38] {Threei} hard to tell Roman... not sure
[09:38] {Roman} 21 long SQNM
[09:38] {Roman} 21 9.33
[09:39] {magoo} in LEH w/ya ES
[09:39] {Threei} oh shh
[09:39] {Threei} missed VVUS
[09:40] {Threei} watching for possible pullback
[09:41] {Threei} SOLF setup is back
[09:41] {Threei} same condition
[09:43] {Threei} should cut through 22 like hot knife through buter
[09:43] {Threei} there
[09:43] {Threei} over 1:1
[09:43] {dptl} out .09 ty
[09:44] {Threei} welcome sir
[09:45] {Threei} CPSL 5.70 long if stays above 5.60
[09:45] {magoo} i like CSIQ here any thoughts?
[09:45] {Threei} not sure mags
[09:46] {peterg} where place stop SOLF if in at .85?
[09:46] {peterg} I wasn'
[09:46] {Threei} stop under .80, and spike over 22 was for partialing out or taking scalp
[09:48] {esemde} out flat on LEH .41
[09:48] {esemde} -.01....bouncing all over the place i don't recognize the pattern
[09:49] {magoo} if IF LEH takes .70 we get near 33
[09:49] {Threei} LEH
[09:49] {Threei} HEARING VAGUE POSITIVE CHATTER REGARDING THE COMPANY'S ABILITY TO RAISE CAPITAL
[09:49] {Threei} - rumor circulating that they have secured over $5B through an Asian financial institution
[09:49] {esemde} are you in mags
[09:49] {magoo} [09:40] {magoo} in LEH w/ya ES
[09:49] {magoo} [09:40] {Threei} oh shh
[09:50] {esemde} i'm out now mags...it's bouncing all over the place too volitile
[09:50] {esemde} i couldn't read it
[09:51] {esemde} looking good for you now though
[09:51] {magoo} actually..u had a good read
[09:51] {esemde} good on ya mags.....
[09:51] {magoo} and it didn't stop us
[09:51] {Roman} 21 out 1/2 SQNM +.18, trailing ramaining
[09:51] {magoo} should have hung in
[09:51] {Threei} TKLC
[09:52] {Threei} .50 meltdown long
[09:52] {esemde} ya....but it was that second shot down to 32.04 that threw me
[09:52] {Threei} if stays above .40
[09:52] {magoo} in CSIQ.95 goota do iyt
[09:53] {Threei} ZIXI got away too
[09:53] {Threei} I am not hunting very well today
[09:53] {fernp} PETM
[09:53] {dino} no trades yet
[09:54] {dino} missed vrtx s i wsas at 33.40
[09:54] {dino} twp, regn interesting
[09:56] {dino} magoo doing his ross perot impression
[09:56] {Threei} sorry dino... must be tough on you
[09:57] {esemde} nice one magoo LEH....looks like it's going to give 33
[09:57] {magoo} "if ya take a penny...and double...well shiiite...u up 100 percent"
[09:58] {magoo} thats ross
[10:00] {Threei} *Q1 MORTGAGE DELINQUENCIES: 6.35% V 5.82% PRIOR
[10:00] {dino} now i'm going to make magoo mad, out ma from yesterday afternoon, 301.43, +3.20
[10:01] {magoo} that does piss me off
[10:01] {magoo} he holds a nutso stox overnite..slacker goes golfing..and profits while i work 8 to 6pm everyday
[10:01] {dino} he yells it doesn't count, i say w/chuck it does
[10:02] {dino} shake 'n bake baby
[10:02] {Threei} beautiful job on SQNM Roman
[10:02] {Roman} 21 ty
[10:03] {Threei} tagging yesterday's high
[10:03] {Roman} 21 i am sitting in it
[10:03] {Roman} 21 looking for $10.5
[10:06] {Threei} TKLC merrily triggered
[10:06] {Threei} daily looks good
[10:07] {dptl} hmm...only got 100sh
[10:07] {Threei} VVUS
[10:07] {Threei} .50 break long if holding above .35
[10:08] {Threei} SQNM humming along
[10:08] {Threei} 10.50 you say Roman?
[10:08] {Roman} 21 yes, y not
[10:08] {Threei} OK... you promised
[10:08] {Roman} 21 is CPSL still valid?
[10:08] {dino} ipi l sm .40, stop .04
[10:08] {magoo} i can't take it..ill have to chase in SQNM
[10:09] {Threei} would like to see more activity in CPSL... not sure
[10:09] {esemde} mago are you still in LEH...if so ...how are you reading it now
[10:09] {magoo} it hasn;t stopped me..waiting 33.29
[10:10] {Threei} magoo? reading? dino, could you please disillusion ese?
[10:10] {magoo} stop is 31.99, entry was w/u .42
[10:10] {magoo} halfer
[10:10] {dino} ahhh, es, magoo really doesn't know how to read, he watches the colors
[10:10] {Threei} there
[10:10] {esemde} was just wondering what your seeing as opposed to me....
[10:11] {_rant} any read on SVR ?
[10:11] {_rant} down 8%
[10:11] {magoo} i see 33 as a magnate
[10:11] {Threei} strong market rant... why bother with losers?
[10:11] {magoo} on a powerful volatile stock
[10:11] {esemde} gotcha......
[10:11] {magoo} THERE
[10:11] {esemde} and there you go
[10:12] {magoo} OUT
[10:12] {magoo} .29
[10:12] {esemde} nice!!!!
[10:12] {Threei} wtg mags
[10:12] {magoo} colors work dino...don't get tpo complicated
[10:12] {dino} lol and gj
[10:12] {Threei} they sure do
[10:12] {magoo} .42 to .29 plus something good
[10:13] {magoo} look at high ES
[10:13] {magoo} .31
[10:13] {Threei} green good, red bad - all you need to know when long
[10:13] {Threei} inverse when short
[10:14] {Roman} 21 ASIA vad
[10:14] {Roman} 21 ?
[10:14] {dino} that explains alot as i'm color blind
[10:14] {Roman} 21 CSUN?
[10:14] {Threei} SQNM should penetrate 10 easily
[10:14] {magoo} thats it..in.87
[10:14] {Threei} TKLC chewed through the next resistance
[10:15] {magoo} don't want to listen to vad and roman pat each others back all day and not profit
[10:15] {Roman} 21 :)
[10:15] {dino} matk sm l .10
[10:15] {magoo} out CSIQ .15, + .20
[10:15] {Threei} TKLC over 1:1 actually... but not a scalp for me
[10:15] {Roman} 21 vad, is CSUN going to penetrade ?
[10:15] {dptl} there....out +$10 tklc....ty :)
[10:16] {Threei} can't get a feel for it Roman
[10:16] {Roman} 21 new work, penetrade
[10:16] {Threei} lol dp... don't spend it all at once
[10:16] {Roman} 21 new word that is
[10:16] {dptl} :)
[10:16] {Threei} inflation is rampant as it is
[10:16] {Threei} don't want you to add to the problem
[10:18] {dino} wtg
[10:19] {Threei} half out TKLC .72 and .71
[10:19] {Threei} stop to .49 for the balance
[10:19] {Threei} offering SQNM into spike over 10
[10:20] {_rant} YGe
[10:21] {dino} out matk .50 +.40
[10:21] {Threei} cna't stand it, out half .99
[10:22] {magoo} waiting .08'
[10:22] {dptl} ahh....got to go..have a great day everyone :) see ya tomorrow
[10:22] {Threei} ugh
[10:23] {magoo} take care do:)
[10:23] {Threei} take care dp... I knew you wanted to spend that $10 asap
[10:23] {dptl} lol
[10:23] {Roman} 21 ROYL bouncer
[10:24] {magoo} did we ever find out what SQNM does?
[10:24] {dino} later dp
[10:24] {Roman} 21 VNDA long
[10:24] {Threei} finally
[10:25] {Roman} 21 small VNDA 5.20
[10:25] {magoo} out SQNM
[10:25] {Threei} yes mags
[10:26] {magoo} lil scalp..late to pasrty but hey..picked up
[10:26] {Threei} probably due to pull back
[10:26] {Threei} you got in really late
[10:26] {Threei} so have to control risk tighter
[10:26] {magoo} right..like showiung up at frat party at midnite..meet girl...and split with her by 1 a.m
[10:27] {magoo} not my ultimate fantasy girl..but not alot of effort either
[10:27] {Threei} last time I tried to do that, my wife told me it was very impolite
[10:27] {magoo} and it worx
[10:28] {Roman} 21 CROX
[10:28] {Roman} 21 nearing yesterday's high
[10:28] {magoo} check this out..my wife was at same college as me at same time...but i had different girl friend at the time
[10:29] {Roman} 21 u went to college?
[10:29] {Roman} 21 wrong window sorry
[10:29] {magoo} oh yeah baby..6 years in fraternity
[10:30] {Roman} 21 6 years, i got masters?
[10:30] {Threei} VVUS is valid
[10:30] {magoo} no..lol
[10:31] {magoo} i tried not to let studying interfere with my education if u know what i mean
[10:31] {dino} b.s finance
[10:31] {dino} had to erase all of that to learn trading
[10:31] {dino} you know, "the efficient market" junk
[10:31] {Threei} what bs
[10:32] {Threei} invention of academics never traded single share
[10:32] {dino} bachelor of science, business finance
[10:32] {Threei} random market is another piece of crap
[10:32] {dino} agree
[10:33] {dino} every day i do what cannot be done according to old profs.
[10:33] {Threei} exactly
[10:34] {dino} alog
[10:34] {Threei} here is the summary of magoo's years in college: his comrades copulated with anything that breathed and moved; he, on another hand, never saw the necessity to limit himself so severely
[10:35] {dino} who would've thought i could make $ listening to alternative rock, while watching mtv
[10:35] {fernp} JDSU vad?
[10:36] {Threei} blast from the past
[10:36] {Threei} tempting
[10:36] {Threei} well, .51 long with .39 stop... why not
[10:36] {fernp} ok
[10:37] {Threei} sheesh, Roman is right about 10.50
[10:37] {Threei} I am out .25
[10:37] {Threei} can't take it anymore
[10:38] {Threei} marrow starts boiling in my scalper bones
[10:38] {Roman} 21 out a bit more +.89
[10:39] {Threei} VVUS
[10:39] {Threei} trrriger
[10:39] {dino} nice
[10:40] {magoo} vvus? what was trig?
[10:41] {Roman} 21 out VNDA 1/2 +.25
[10:41] {magoo} was busy looking up the word " copulated"lol
[10:41] {Threei} [10:07] {Threei} VVUS
[10:41] {Threei} [10:07] {Threei} .50 break long if holding above .35
[10:41] {Roman} 21 out 1/2 OMNI +.19
[10:41] {Threei} scorching hot Roman
[10:43] {Roman} 21 VNDA getting interesting
[10:43] {Roman} 21 volume coming in
[10:45] {Roman} 21 but to buy this on on strong pullback
[10:45] {Chaeron} good morning all... VVUS still valid?
[10:46] {Threei} hi chaeron, yes
[10:46] {Chaeron} and JDSU?
[10:46] {Threei} yes but JDSU is a very slow one, be warned
[10:46] {Roman} 21 out remaining SQNM +1.27
[10:47] {Threei} what the hell just happened on VVUS?
[10:47] {Chaeron} dang missed vvus
[10:47] {Threei} chaeron bought
[10:47] {Threei} ?
[10:47] {Threei} lol
[10:47] {Threei} I thought that was you
[10:47] {Threei} and Roman...
06[10:47] * Threei slaps Roman around a bit with a large trout
[10:48] {Roman} 21 to make u feel better i only had 300 shares left
06[10:49] * magoo slaps Roman around a bit with a large trout
[10:50] {magoo} indecent
[10:50] {Threei} totally
06[10:50] * magoo slaps kazaam around a bit with a large trout
[10:50] {Threei} even 300 shares don't make it any better
06[10:50] * magoo slaps peterg around a bit with a large trout
06[10:50] * magoo slaps _bounce around a bit with a large trout
[10:50] {Threei} uh oh
06[10:50] * magoo slaps _rant around a bit with a large trout
[10:50] {Threei} trout rage
06[10:50] * magoo slaps Threei around a bit with a large trout
06[10:50] * magoo slaps Chaeron around a bit with a large trout
06[10:50] * magoo slaps cosmo around a bit with a large trout
06[10:50] * Threei is hiding under the nearest rock
06[10:50] * magoo slaps dino around a bit with a large trout
[10:50] {kazaam} lol
06[10:50] * magoo slaps dptl around a bit with a large trout
06[10:50] * magoo slaps esemde around a bit with a large trout
06[10:50] * magoo slaps fernp around a bit with a large trout
06[10:50] * magoo slaps hawkfan4 around a bit with a large trout
[10:50] {Threei} VVUS 1:1
06[10:50] * magoo slaps jmb around a bit with a large trout
06[10:50] * magoo slaps patience around a bit with a large trout
06[10:51] * magoo slaps patience around a bit with a large trout
06[10:51] * magoo slaps patience around a bit with a large trout
[10:51] {Threei} stuck?
[10:51] {magoo} see if she is paying attention
[10:51] {Threei} out half VVUS .70
[10:51] {Chaeron} nice on VVUS... too bad I am only spectator..............
[10:51] {Threei} it was right there for you when you asked...
[10:51] {Threei} under the trigger
[10:52] {Threei} why hesitation?
[10:52] {Chaeron} looking at too much
[10:52] {Threei} stop from that entry would be lousy 121-13 cents
[10:56] {magoo} jesus..SQNM vad roman
[10:56] {Chaeron} holy cow status
[10:59] {esemde} I'm outta here all have a great day...see ya tomorrow
[11:01] {fernp} take care ese
[11:02] {Threei} bye ese
[11:03] {Threei} I want all those academics to have a look at our daily return and reiterate their "market can't be timed" thesis
[11:04] {Threei} FED'S LACKER: NO OBSERVATION OF 1970S STYLE PRICE WAGE SPIRAL DUE TO INCREASED GAS PRICES
[11:04] {Threei} - Notes some inflation expecations worsened in Feb and March, but have since stabilized, Fed's decision on rates will be data dependent
[11:04] {Threei} - Expects US growth to increase gradually in next 12 months,
[11:04] {Roman} 21 VNDA highs
[11:04] {Roman} 21 nice
[11:04] {Roman} 21 AAPL magoo,
[11:05] {magoo} l rimm here
[11:05] {Threei} - Remarks that the BSC deal did not come easily, was 'excruciating choice', other banks may seek similiar accomodation due to moral hazard affecting expectations
[11:05] {Threei} RUSSIAN PRESIDENT MEDVEDEV: FURTHER EXPANSION OF NATO WILL DAMAGE RELATIONS WITH RUSSIA
[11:05] {Threei} welcome to cold war, episode 2
[11:07] {magoo} out rimm
[11:07] {magoo} do not like charet
[11:09] {Threei} VNDA getting pewrky
[11:10] {dino} ipi stop to .60
[11:10] {dino} matk l .90
[11:10] {magoo} l aapl here
[11:11] {magoo} .65
[11:14] {magoo} out here .91
[11:14] {magoo} +.36
[11:14] {Threei} wtg
[11:14] {Threei} wastchng SQNM for possible short setup
[11:15] {magoo} avail?
[11:15] {Threei} yes
[11:15] {Threei} keep it to half lot
[11:15] {magoo} risky..but back in RIMM l
[11:15] {magoo} .25
[11:15] {dino} matk stop to .20 ipi to .70
[11:17] {Threei} typed "11 loss trigger" and was a bit late...
[11:17] {Threei} if bounces into 11 and can't break it, short with 11.10 strop
[11:19] {Threei} FED'S KOHN: IF HOME PRICES CONTINUE TO DROP, LOAN DEFAULTS ARE LIKELY TO INCREASE
[11:20] {Threei} deep
[11:20] {Threei} and if oil continues to increase, planes are going to start dropping from the sky
[11:20] {magoo} RIMM should go here
[11:20] {Threei} there... I can do it as well
[11:21] {magoo} u like flying vad?
[11:21] {Threei} used to
[11:21] {magoo} same here..no more
[11:21] {Threei} not now with all the security
[11:22] {Roman} 21 long ACPW off 1.60
[11:26] {Roman} 21 NVLS spike down
[11:31] {Threei} OPEC EXPORTS TO REACH HIGHEST LEVEL OF 2008 BY LATER THIS MONTH - TANKER TRACKER SERVICE
[11:32] {magoo} l aapl .10
[11:34] {Threei} US CONGRESSMAN: PROBE HAS UNCOVERED OIL MARKET MANIPULATION
[11:35] {Threei} yes... let's start witch hunt
[11:35] {Chaeron} which Congressman?
[11:36] {Threei} doesn't say
[11:36] {Threei} I'd like to know their definition of the word manipulation
[11:37] {magoo} wait .61 rimm
[11:40] {magoo} waiting .42 aapl
[11:41] {magoo} OUT +.32
[11:41] {magoo} TY vad
[11:41] {Threei} hmm?
[11:41] {magoo} aapl
[11:41] {Threei} I never called it
[11:42] {magoo} oh..that was mine
[11:42] {Threei} I'll take the credit if you insist
[11:42] {Threei} but just want to keep record straight :)
[11:42] {magoo} [11:33] {magoo} l aapl .10
[11:43] {magoo} in it so so long forgot who called it
[11:43] {Threei} market got locked into tight range
[11:43] {Threei} sitting on a sideline so far
[11:43] {Threei} morning was pure beaurty
[11:43] {Threei} -r
[11:45] {magoo} greed not selling rimm .61
[11:46] {magoo} bvutv if IF someone with me.....u should
[11:47] {kazaam} when looking over your old videos i noticed sometimes you guys would reference the Nasdaq futures moving higher as a good confirmation to a trigger
[11:47] {magoo} anyone go with me?
[11:47] {kazaam} if the nq is trending higher would you take a short?
[11:48] {magoo} i usually won't
[11:48] {Threei} depends kaz
[11:48] {Threei} usually not but there are salmons
[11:48] {Threei} stocks that swim against the current
[11:48] {Threei} imagine a stock that consolidates near the low while NQ moves higher
[11:49] {Threei} it's likely to break down as NQ pulls back
[11:49] {kazaam} gotcha
[11:53] {Threei} have a look at BEAV
[11:53] {Threei} consolidation near 29.50
[11:53] {Threei} NQ pulled back slightly over last 5 min, look how BEAV broke down
[11:54] {magoo} out RIMM .40, dummy
[11:54] {kazaam} i c
[11:54] {magoo} + .15
[12:00] {Threei} FED'S PLOSSER: FED MUST COMMIT TO ACT IN SYSTEMATIC WAY, EFFORTS TO CALM MARKETS MAY INCREASE RISKS
[12:01] {Threei} wow... some of them get it... or, some of them say it as it is
[12:15] {_bounce} Were the trades you called today pulled from your scanner Vad?
[12:16] {Threei} most yes
[12:16] {Threei} some were simply from watching active stocks
[12:16] {_bounce} Thanks
[12:16] {Threei} like VVUS, that was on radar from yesterday
[12:22] {kazaam} are you filtering through trades and stocks constantly or do you find a small group and just work within that small group?
[12:22] {Roman} 21 CSUN and other solars on radar
[12:22] {Threei} nope, whole market
[12:26] {Threei} MBI
[12:26] {Threei} CEO DISCLOSES BUY OF 159K SHARES AT $5.91/SHR
[12:27] {Threei} he is up 4 cents
[12:27] {Threei} one necessary addition kaz,
[12:27] {Chaeron} sell!!!
[12:28] {Threei} I will pay more attention to those that belong to the hot sectors
[12:28] {Threei} even though I scan for all of them
[12:28] {Threei} you could see us focusing on solars, or oil services
[12:28] {Threei} or financials
[12:29] {kazaam} gotcha
[12:30] {Threei} also, there is way to find next candidate by going off sympathy concept
[12:30] {kazaam} sympathy? correlation by sector?
[12:30] {Threei} if one of solar leaders show active movement, it's reasonable to starty looking through the sector
[12:31] {Threei} and find those that move in unison
[12:31] {Threei} with idea to use the delay for early entry
[12:31] {Threei} snake principle
[12:31] {kazaam} oh i see
[12:31] {Threei} tail goes where head does
[12:35] {Threei} ok QTWW
[12:35] {hawkfan4} i trade STP off of FSLR all the time
[12:36] {Threei} sheesh... I didn't sell all that much
[12:37] {kazaam} is the move of FSLR the trigger for STP or do you also look for some other confirmation?
[12:37] {Threei} anyway, out 2K more at .93
[12:37] {Threei} 1K left
[12:37] {Chaeron} then we short??? :)
[12:37] {Threei} hmmm
[12:38] {Threei} it's not even available :)
[12:38] {hawkfan4} other factors, watch the whole sector...you have to watch them for a while to get a feel for how the relate
[12:39] {hawkfan4} the=they
[12:39] {kazaam} gotcha
[12:53] {dino} fast drop ipi
[13:01] {dino} matk sm l .40
[13:17] {magoo} .
[13:17] {Threei} very fine point
[13:29] {dino} out matk .50 +.10
[13:31] {Threei} amazing how market died completely
[13:33] {magoo} or are u sleeping?
[13:33] {Threei} that too
[13:34] {Threei} but it never impacted my trading before
[13:34] {Threei} you don't seriously think I trade being awake, do you
[13:40] {Threei} what's with CBAK
[13:40] {Threei} no news
[13:43] {Threei} FED'S PLOSSER: 'TYPICALLY WE DO NOT INTERVENE' ON CURRENCIES; A DECISION ON INTERVENTION WOULD COME FROM THE US TREASURY; REGULATORY REFORM SHOULD NOT INTERFERE WITH ACCESS TO CREDIT AND INNOVATION IN REFORM - Q&A
[13:43] {Threei} - Bad regulations risk setting up the next crisis.
[13:43] {dino} cbak, insider buy 1,080,000
[13:44] {Threei} ty
[13:44] {dino} whats w/oyog last two days
[13:45] {dino} grmn fast drop
[13:50] {Threei} 11 loss is another short try SQNM
[13:50] {Threei} 11.15 stop
[13:53] {kazaam} why short on SQNM?
[13:53] {kazaam} is 11 critical support?
[13:54] {Threei} lower high, market running out of steam, volume dries up on advances
[13:54] {kazaam} awwww volume
[13:54] {dino} sm s vrtx .49
[13:54] {Threei} first run topped out at 11.25
[13:55] {Threei} this one at 11.14
[13:55] {Chaeron} I'm in... if that makes a diff magoo :)
[13:55] {Threei} fair chance of reversal for the stock that traded under 8 just two days ago
[13:55] {Chaeron} 11.00
[13:56] {Threei} and with 15 cents stop... honestly, I'll take almost any trade that makes any kind of sense :)
[13:57] {Threei} dino... I just figured out why GRMN dropped
[13:57] {Threei} gasolin going up, driving is way down, and he {G}who doesn't drive has no need in GPS
[13:57] {dino} lol
[13:58] {Chaeron} that's logical :)
[13:58] {Threei} I am king of logic
[13:58] {dino} you are all knowing
[13:58] {Threei} I was barely 5 when I figured out that if tree good then fire bad
[13:59] {Threei} now, less brillinat part is, this philosophy stayed with me ever since
[14:00] {magoo} im confused
[14:00] {Threei} welcome to my normal state
[14:00] {magoo} i thought normal state for u was sleep?
[14:01] {Threei} why do you think I like GRMN so much?
[14:01] {Threei} SQNM under 1:1
[14:01] {Chaeron} 1:1
[14:01] {Threei} like shooting fish in a barrel
[14:01] {Chaeron} sorry Threei, thought you were bantering with magoo
[14:01] {Threei} I am good at multitasking
[14:01] {Chaeron} hit it over head to go under .70 and we can move on please?
[14:02] {Threei} which explains why I can successfully combine being confused and sleeping at the same time
[14:02] {Threei} does it answer it mags?? :)
[14:04] {magoo} OY:)
[14:05] {Chaeron} mkt airpocket
[14:05] {Threei} come on, admit it: sleeping, being confused and having 5 years old outlook on life constitutes very good multitasking
[14:06] {Chaeron} or just ADD :))
[14:06] {magoo} but u are confusing someone who took 6 years to complete 4 year college curriculame
[14:06] {Chaeron} "lame"? heh
[14:06] {Threei} freudian slip?
[14:06] {dino} what are you guys yapping about? confusing me
[14:07] {Threei} rofl
[14:07] {Threei} good one dino
[14:07] {dino} hate to do it but......................dieeeeeeeeeeeeeeeeeeeeeeeb vrtx
[14:07] {Threei} too bad esemde and bruce are not here... they would have enjoyed this immensely
[14:07] {Chaeron} cmon SQNM give it up.... folllow the market, will ya?
[14:08] {Threei} just play it by the book chaeron
[14:08] {Threei} 1;1, half out, trail balance
[14:08] {Threei} no need to invent wheel
[14:08] {Chaeron} yeah yeah... I want to go to the bathroom...
[14:08] {Threei} so?
[14:08] {Threei} set stop
[14:09] {Chaeron} noooo
[14:09] {dino} lol
[14:09] {Threei} well, if your bladder sues you for cruel and unusual punishment...
[14:10] {magoo} are u don't edit any of this crap??
[14:11] {magoo} although to edit crap would be like 75%
[14:11] {Threei} nope
[14:12] {Threei} I'll leave it for ese and bruce to read
[14:12] {Threei} I am too lazy to track down all the crap
[14:13] {dino} are you still talking about chaer's bathroom
[14:13] {Threei} lol
[14:21] {Chaeron} man... marlet not sucking SQNM with it
[14:21] {Chaeron} can't you tell I gotta go bad?
[14:22] {magoo} crap..i was looking at wrong stock lol
[14:22] {Threei} rofl
[14:22] {magoo} staring at aapl..not in it
[14:25] {Threei} S&P CUTS ABK, MBI FINANCIAL STRENGTH RATINGS TO AA FROM AAA; ON WATCH NEGATIVE
[14:25] {Roman} 21 long SOLF small?
[14:25] {Roman} 21 took some
[14:25] {Roman} 21 21.87
[14:25] {Threei} with stop under .80?
[14:26] {Roman} 21 yeah, tight
[14:34] {kazaam} as i am learning i dont know if i want to pay 150 a month for laser, would you guys suggest I just use mbtrading until I develop a profitable method?
[14:35] {Chaeron} where's Dave????
[14:36] {dino} dk kaz...i'm w/schwab/stsmartpro/cyber
[14:36] {dino} charts free
[14:36] {Roman} 21 FCEL long setup
[14:36] {Roman} 21 spike
[14:36] {Roman} 21 looking good
[14:36] {Roman} 21 hate to chase
[14:37] {Threei} kazaam, dcc
[14:43] {Threei} IVAN
[14:43] {Threei} 52 week high
[14:44] {Threei} broke important resistance at 3
[14:46] {Chaeron} SQNMstopped
[14:46] {Chaeron} -.17
[14:47] {Threei} you didn't trail it?
[14:47] {Chaeron} didn't see that
[14:47] {Chaeron} too busy dancing...
[14:48] {dino} lol
[14:49] {Threei} [14:08] {Threei} just play it by the book chaeron
[14:49] {Threei} [14:08] {Threei} 1;1, half out, trail balance
[14:49] {Threei} [14:08] {Threei} no need to invent wheel
[14:50] {Chaeron} ok, ok, can I go now???
[14:52] {dino} please
[14:59] {Roman} 21 out 1/2 SOLF +.27
[15:00] {dino} gj
[15:00] {magoo} nice rfr
[15:00] {Roman} 21 ty
[15:00] {Roman} 21 markets helped
[15:05] {peterg} Am about to install intelliscan, and I figure I will be so overwhelmed with information I won't be able to think for weeks. Thoughts?
[15:06] {magoo} huh?
[15:06] {Threei} I am overwhelemed by the very attempt to think
[15:06] {magoo} i gotta pee sooooooo bad now
[15:06] {peterg} Heck, I can't even make a decfision anyway.
[15:06] {peterg} Do it.
[15:06] {dino} esmk
[15:06] {magoo} just DO IT...we all did
[15:06] {peterg} OK
[15:06] {Threei} I didn't
[15:09] {magoo} i really gotta go
[15:12] {Threei} what now?
[15:12] {magoo} in RIMM olong
[15:12] {Threei} where did all this happiness come from?
[15:12] {magoo} havre to pee BBBBBAAAAAAAAAAADDDDDDDDDDD
[15:13] {Threei} a bit more information than we needed
[15:13] {Threei} especialy considering that we are overwhelmed by information as it is
[15:13] {magoo} the position info??
[15:16] {Threei} look at LEH
[15:26] {dino} vrtx bstop to .40 won't move
[15:29] {dino} cov +.10
[15:32] {magoo} news RIMM vad?
[15:32] {Threei} nope
[15:32] {magoo} jes..it tanked
[15:32] {Threei} ABK
[15:32] {Threei} SAYS IT DISAGREES WITH YESTERDAY'S RATINGS ACTION BY S&P
[15:32] {Threei} - says it has substantial excess capital available under both Moody's and S&P's capital models
[15:33] {dino} cvat fight
[15:33] {dino} cat
[15:34] {Threei} more like class geek objecting while being beat up by school bully
[15:35] {Threei} you hit me in the eye? I disagree with your action
[15:36] {Threei} so, how likely is it IVAN gaps up tomorrow morning?
[15:37] {Threei} not taking it home for the following reason:
[15:37] {Threei} it's a very thick stock, moves very slowly, and even if it gaps, it's likely to give a lot of entry opportunities
[15:37] {Threei} so why take additional risk
[15:46] {Threei} interesting day
[15:46] {Threei} very active in the morning
[15:47] {Threei} pause later in the day, still holding near the high,
[15:47] {Threei} and look where this high is:
[15:47] {Threei} NASDAQ high from previous rally
[15:47] {Threei} 05/19
[15:48] {dino} hmmm
[15:48] {Threei} horisontal support at 1945 - 1950 held,
[15:48] {Threei} we hit highs again
[15:48] {Threei} LEH seems to be supported
[15:48] {Threei} ABK and MBI too
[15:49] {Threei} we may be looking at new phase of bull move, however improbable it sounds
[15:49] {cosmo} sounds reasonable
[15:50] {dino} matk l .20
[15:50] {Threei} improbale to such degree that it becomes reasonable
[15:50] {Threei} I like the sound of it
[15:50] {magoo} what would hurt the most?bear or bull
[15:52] {dino} stop to .30
[15:52] {dino} out +.10
[15:52] {dino} calling it a day, thx all, good one
[15:53] {Threei} mags,
[15:53] {Threei} problem is
[15:53] {Threei} market is very sensitive to any kind of news
[15:53] {Threei} any projection can get shuttered in minutes
[15:53] {Threei} so... I am just playing it by ear
[15:53] {Threei} keeping an eye on big pocture to have some kind of framework
[15:55] {cosmo} maybe see a doctor...
[15:55] {Threei} OK guys, thank you all
[15:55] {Threei} have a great evening
[15:55] {Threei} see you tomorrow
[15:55] {kazaam} adios everybody
[15:56] {magoo} TY vad everyone
Wednesday, June 4, 2008
Session Time: Jun 04 2008
4:33 PM 6/4/2008
Session Time: Wed Jun 04 00:00:00 2008
{Threei} Q1 FINAL NONFARM PRODUCTIVITY: 2.6% V 2.5%E;
{Threei} UNIT LABOR COSTS: 2.2% V 2.0%E
{Threei} sold balance of OMNI at 6.95, ROYL's gapping down
{Threei} missed 7, so took next best thing
{peterg} gm--had to use numbers to get in
{Threei} good morning
{Threei} really?
{peterg} xxxx7044
{Threei} hmmm... shouldn't be that way
{peterg} got in yesterday
{peterg} without effort
{peterg} shall i try again?
{Threei} nah... let's wait what others report
{peterg} k
{Threei} if it's widespread, problem reappeared
{Threei} if they are fine, it could be that your particular ISP needs to update DNS records
{Threei} which means just wait
{magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} good morning to you too mags
{Threei} how did you connect?
{magoo} easily connected
{magoo} LEH very active
{Threei} ok, ty
{Threei} yeah... in such cases bad news tend to pile up
{Threei} but I have to say, this case is not clear cut
{magoo} two thoughts...some people are thinking it can go to single digits like BEAR
{Threei} all the eery resemblances to BSC are there,
{magoo} and other thougfht is thats too easy...mkt never makes it easy
{Threei} but to say honestly, I have hard time to see similar outcome
{Threei} exactly
{Threei} obviously there are a lot of troubles
{Threei} but, unlike in BSC case,
{Threei} market is so eager to look for any positive
{magoo} shorts may get killed just to kill them
{Threei} that slightest hint that troubles are not that deep as Bear's can skyrocket the stock
{magoo} rarely get repeat scenario in market
{magoo} thats why its so hard
{Threei} I strongly disagree but not because I have any reasonable argument... I just like to disagree {G}
{peterg} The disagreement heightens the pleasure of the assertion
{Threei} that's deep
{Threei} I'd say I need a week to ponder this
{peterg} thats my problem
{Threei} see you all next Wed
{magoo} man..IDEV cut in half
{Threei} FDA troubles
{magoo} my entire watch list RED except QID{and i know why qid up before u go into 5 paragraphs explanation vasd lol}
{Threei} sigh
{Threei} OMNI is up, allow me to say
{Threei} and that was my chosen gapper
{magoo} not on my list lol
{Threei} you may want to watch another list {GGG}
{Threei} reminds me an old Soviet joke about a guy who tried to obtain permission to immigrate
{Threei} KGB agent tasked with convincing those who wanted to leave to reconsider
{Threei} started showing him a globe
{Threei} commenting how bad it was in this country, in that country
{Threei} guy listened, then asked
{Threei} sorry... may I have some other globe?
{Threei} SAUDI ARABIA RAISES PRICES FOR ALL GRADES OF CRUDE TO US BUYERS; US OIL PRICE TO RISE TO $3.85/BBL IN JULY
{Threei} - raises light and extra light prices to Asia in July
{Threei} why did I sell OMNI?
{pita} gm
{Threei} pita :)
{Threei} LIVE
{Threei} BECOMES AUTHORIZED RESELLER OF GOOGLE ADWORDS
{Threei} As a Google AdWords Authorized Reseller, LiveDeal's dedicated direct sales force will encourage local businesses to use AdWords online advertising as a cost effective, efficient way to find and target new customers.
{Threei} - Financial terms were not disclosed.
{Threei} lovely OMNI
{cosmo} TIBX might heal
{cosmo} 7.18 high so far
{Threei} 06/03/08 05:00pm [TIBX] Guides Q2 EPS $0.05-0.06 v $0.08e, R $147-149M v $153.6Me
{dptl} good morning all
{fernp} good morning
{Threei} dp, fern :)
{Chaeron} good morning everyone
{Threei} chaeron :)
{Chaeron} QTWW nice premarket...
{Threei} yes but as we saw yesterday it's not immune to market movement
{Threei} thinking of taking our that half I rebought yesterday
{Threei} kind of "trading around core position"
{Threei} also known to scalping course owners as umbrella concept
{Threei} OMNI is a bittersweet for me
{Threei} sweet part is, nice to know I can pick a gapper in this market
{Threei} bitter is of course selling too soon, lol
{magoo} i think u are getting alhiemers ed..u are fixating on a single stock all day..yesterday it was QTWW
{Threei} unless you totally tune out LEH
{magoo} i did yesterday{and it cost me}
{Threei} there... tune me out at your own peril
{Threei} luckily you decided to listen when I talked about ROYL :)
{Threei} which btw disproves completely your theory about me and single stock
{magoo} what are we debating again?i forget
{Threei} who are you?
{dino} gm all
{Threei} dino :)
{Chaeron} heya dino :)
{dino} :)
{Threei} MER
{Threei} CHIEF US STRATEGIST BERNSTEIN: SEES MASSIVE CONSOLIDATION IN THE FINANCIAL SECTOR
{Threei} are they getting ready to buy LEH? :)
{dino} indeed, sounds like the vultures are circling
{dino} no offense raven
{Threei} lol
{_osbo} HI
{Threei} big bird is on two-weeks vacation
{Threei} osbo :)
{dino} whew, was worried
{Chaeron} good luck to all...
{magoo} LEH lv 2 nuts
{Roman} 21 SQNM
{Roman} 21 watch, coulbe be aiming for 9.25
{Threei} had news
{Threei} 04:01am [SQNM] Announces positive results from screening studies using the Company's noninvasive circulating cell-free fetal nucleic acid SEQureDx(TM) Technology
{Threei} CSUN
{Threei} .90 long
{Threei} if stays above .75
{dino} amwd
{dino} darn can't borrow
{Threei} missed first SQNM spike
{Threei} will try .87, if that big offer gets taken at .86
{dino} funny i wanted s at .64
{dino} 9 that is
{dino} sm ipi l .70
{Roman} 21 WB
{Roman} 21 missed 22.15
{dptl} l csun ,92
{Threei} SQNM stop .79
{magoo} watching aapl for bounce
{magoo} depends on mkt obviously
{Threei} half out SQNM 9.05
{_rant} ppo ?
{Threei} nasty spread jumps
{dino} ptek
{Threei} SQNM stop to .84 for the balance
{Threei} CSUN stopped
{dptl} stopped
{Roman} 21 ASIA vad
{Threei} again?
{Threei} didn't it torment us enough yesterday only to be stopped? :)
{dino} kop, bobe
{magoo} l aapl .95
{_rant} ppo went flying
{magoo} out .40 +.45
{Threei} STKL
{Threei} half lot .20 break long
{Chaeron} nice hit magoo
{magoo} ty, anyone go?
{Threei} 6.95 stop
{magoo} straight up from entryu
{magoo} in stkl .19
{Threei} AKAM .31 long
{Threei} .19 stop
{Threei} let's disregard AKAM, too close to oil numbers
{Threei} don't want to get caught into knee-jerk reaction
{Chaeron} aarrrrrrrrgg... was waiting like a cheetah about to pounce
{Threei} if logic has any place, oil inventory numbers should be great
{magoo} yeah..was using vads finger trick..holding button already pressed
{Chaeron} logic?
{Threei} but since when logic has anything to do with market
{magoo} oh dammit, filled when took finger off to type he he
{Threei} lol
{dino} bobe s .74 sm
{Chaeron} what time #s?
{magoo} 10:30
{dino} ipi stop to .83
{Threei} thing went in anticipation
{Threei} last week numbers were very low because of some port delays
{Threei} providing delays were dealt with, build-up should be significant
{Threei} that's the logic I was referring to earlier
{dino} kop s sm .40
{Threei} frikin AKAM :)
{Chaeron} nice call AKAM
{Chaeron} good for you magoo
{magoo} i really filled vad...29 no shit
{Threei} cool, take profit
{magoo} oh ok..out .57 he he seriously
{magoo} TY
{magoo} i guess
{Threei} welcome
{magoo} gotta work on that finger trick more i guess
{Threei} lol
{Chaeron} yeah... keep practicing... become rich while you practice
{magoo} ok the plan chaer..i gonna go push buitton on rimm..then u ask m,e a questuion...ill let off to type and fill..then profit
{Roman} 21 WB
{Roman} 21 long
{Chaeron} lol
{Roman} 21 21.85 stop 21.69
{dino} bobe bstop is .02,
{dino} ipi to .98
{dino} out ipi .04 +.34
{dino} bobe stopped -.28
{Chaeron} .
{Threei} no numbers still
{kazaam} are crude numbers going to determind the break for S&P resistance?
{kazaam} of
{Threei} who knows
{Threei} don't try to predict
{Threei} it's a suckers game
{magoo} hey kazaam..u lost your "_"
{Threei} market strives on taking money from those who think they can analyze and predict how it reacts
{Threei} yes... welcome aboard kazaam
{magoo} welcome bro
{Threei} LOOMIS SAYLES VICE CHMN: BUYING LEH DEBT IN LAST SEVERAL DAYS
{kazaam} indeed, I am now a citizen of the reality trader chat room
{Threei} DOE CRUDE: -4.8M V +1ME;
{Threei} yikes
{magoo} to a profittable...yet speklling challenged existance
{Chaeron} great kazaam
{Roman} 21 :)
{Threei} where is that expected buildup
{Chaeron} "market strives on taking money from those who think they can analyze and predict how it reacts"
{Threei} GASOLINE: +2.9M V +1ME; DISTILLATES: +2.2M V +1.5ME; UTILIZATION: 89.7% V 88.4%E
{Threei} market confused badly
{magoo} theres buildup
{Threei} it's looking around and whistling sheepishly "do I come or do I go"
{magoo} i'm confused badly
{Threei} me too but I don't notice it since it's my usual state
{Threei} oil under 124
{Chaeron} $4.89/gal here for premium tho...
{Threei} oil goes up, price tag on gas station pops the same day
{Threei} oil drops, price tag somehow isn't in hurry
{Roman} 21 out 1/2 +.25
{Roman} 21 WB
{dino} bkop stopped
{dptl} stkl stop still the same .95?
{Threei} trail it now as it made nee high
{Threei} 7.05
{dptl} ok ty
{Threei} it's a bit abnormally volatile
{Threei} so I am careful not to overtighten it
{magoo} AKAM going over 39 imo
{Threei} look at LEH
{Threei} was I right to be hesitant on shorting it today or what
{Threei} OK STKL
{magoo} congrats
{Threei} ugh, retreated from spike before gave exit chance
{Threei} have to have offer laid out
{dptl} yeah...still in
{dptl} offering .40 now
{dino} amed l sm .95
{Threei} LEH lullback into support
{magoo} lost support right?
{Threei} .50 yes, next 31
{Threei} not sure it's going to go there
{Threei} crossback over .50 probably worth a first try
{Threei} stop under .30
{magoo} next support 31
{Threei} dp, out yet?
{Threei} .40 is getting hit
{dptl} out .40 stlk ty
{Threei} welcome
{magoo} im in stkl too boss
{magoo} wait .49
{Threei} may I suggest half out?
{Threei} OK
{magoo} out full TY
{Threei} welcome sir
{Threei} wasn't the easiest of trades but worked nicely
{Threei} jeez
{Threei} what happened on LEH?
{magoo} i know
{Threei} OMG
{magoo} thought leh was in trouble
{Threei} you are not going to believe this
{Threei} HEARING UPGRADED AT MERRILL LYNCH
{Chaeron} I so missed that one
{Threei} remember from a day ago
{Threei} LEH defended MER,
{Threei} I said now when MER defends LEH I'll have seen it all
{magoo} seems like conflict of interestthose two
{Threei} there you go, took just one day
{magoo} man that sux....nothing left to see anymore
{Threei} yes
{Threei} I am retreating to a cave
{dino} or maybe mer just bought aslot of leh at 28
{Threei} high up in mountains
{Threei} going to do intense navel-dazing
{Threei} gazing
{kazaam} hopefully that cave has wireless
{hawkfan4} 11:10 Hearing LEH upgraded 15 seconds after hawk sells it for a small loss
{Threei} no... I am going to order beer using smoke signals
{Threei} just one of those cases hawk... can just shrug
{hawkfan4} lol, i know, was unreal
{Roman} 21 out remaining WB +.52
{kazaam} wb
{Threei} there is even price target
{Threei} PRICE TARGET REMAINS $37
{Threei} so, I take it MER is not buyng LEH out
{Threei} STKL takes .50
{Threei} anyone is still in, offer into spike
{dino} ccoi
{Threei} out in full .60
{dino} ccoi sm l .00
{_rant} looking weak
{_rant} not much buying
{_rant} ok some buyin no
{_rant} now
{_rant} good entry 14.15 ?
{dino} lol
{_rant} :)
{dino} remember rant .6666\
{_rant} ?
{dino} my hit ratio
{_rant} ah nice
{dino} not all will work, play the odds
{_rant} what is your search criteria
{dino} whre too .75?
{_rant} sweet
{dino} i like 2 buck fast drops or pops
{_rant} .42 in no time
{magoo} your hit number is also the devils number..that concerns me
{dino} then go other way
{dptl} grabed+.27 ccoi ty dino
{magoo} see my hit number isn't ...it a solid .67
{Roman} 21 watching JASO for short on 20.25 breakdown
{dino} gj dp
{dino} perhaps i expect too much at .75
{dptl} well...you'll know after ....:)
{dino} :)
{magoo} sh rimm small here .20
{dino} sm last try kop s .38 risky, jumpy
{dptl} tibx?
{Threei} tough one dp... don't know
{dptl} ok ty
{Roman} 21 FRPT long setup, slow one
{Roman} 21 4.18
{dino} kop bstop is .56
{Threei} what's with HIMX?
{Chaeron} I see no news
{dino} nothing
{judijim} hello everyone
{Threei} jj :)
{magoo} out rimm 136 +.20
{Threei} morning was nice... stalled somewhat now but feeling is, market is alive and kicking
{dptl} grabed +.10 tibx
{magoo} morn JJ:)
{Threei} LEH
{Threei} REDUCES LEVERAGE TO 12.5X FROM 15X IN Q1
{Threei} LEH PR machine is hard at work
{Threei} I can see a head of PR department running through cubicles with whip in his hand, yelling "go go go, come up with next headline NOW"
{_rant} see FFIV
{dino} y, for me to gradual
{magoo} vad, thats same work environment dino places on magoo
{Threei} qhat's his subject of demand?
{magoo} yelling"win,win.,win
{Threei} bring beer?
{Roman} 21 CROX
{Roman} 21 spike with vol
{Roman} 21 looks like news
{dino} ever feel unappreciated
{_tangrick} cnbc on crox
{Roman} 21 thank u, i turned off CNBC
{_rant} lol
{_rant} bunch of crooks
{peterg} bunch of crox
{Threei} each time I see those crocs in thes tore, I have hard time believing this stock trades higher than $1 {G}
{hawkfan4} 11:46 CROX Crocs jumps to session highs after analyst from Al Frank on CNBC highlights co's valuation of 6x earnings (10.15 +0.27) -Update-
{kazaam} $10 stock for clown shoes
{peterg} Skechers has come out with competition rubber shoes with holes.
{Roman} 21 SQNM trying
{Threei} but what do I know, I am the guy who who can spell word fashion without looking it up in 10 different ways except the right one
{dino} i hear you vad, but my kids and wife have like 3 pairs each. i don't get it
{Threei} SQNM, I'd try it again at 9.11
{Threei} dino, I'd very tenpted to threaten them with disowning them
{Threei} if I wasn't so sure they would jump on the offer happily {G}
{dino} thats the problem, lol
{magoo} ashamed to admit..but i asked for a pair for fathers day
{Threei} dino... disown magoo
{dino} wonders never cease
{dino} thats it, magoo is buying the first round
{dino} vlcm strange
{Threei} first?
{Threei} I strognly suggest he buys all rounds
{magoo} and if IF i get them..i'll be displaying themn in the office on my feet
{dino} doh!
{Threei} we know it happened when dino's first words upon connection are "my eyes" insteaad of morning
{Threei} what do you know, CROX is climbing... lol
{Roman} 21 it's loaded with shorts
{magoo} crox makes jockey shorts lol
{esemde} Good morning all...just wanted to pop in for a few minutes to say high...had an early morning show ....
{Threei} morning ese
06* magoo slaps esemde around a bit with a large trout
{esemde} morning vad....we were at the convention center singing O Canada
{Threei} magoo has his specific style of greeting
{esemde} felt OK
{Threei} so early?
{magoo} show my first morning one vad
{Threei} is there any event today?
{esemde} yes....we get these calls once in a while to open up conventions
{Threei} [08:39] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} [08:40] {Threei} good morning to you too mags
{magoo} [08:40] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{magoo} [08:41] {Threei} good morning to you too mags
{Threei} good to know world flocks to our cute town :)
{esemde} weirdly enough I think I understand that language Vadc
{Threei} that's very very disturbing ese
{esemde} whats the market look like
{Threei} strong and active
{esemde} hmmmmmm kinda up
{Threei} LEH is kicking rears and taking names
{esemde} 74 mil shs.....149 mil yesterday....
{Threei} 10.20 closest support CROX
{Threei} if looking to enter on pullback, here is the chance
{esemde} not I....too late to the party....no feel just yet
{dino} wtg es
{esemde} what did I do?
{dino} waiting to get feel, good sign
{esemde} tks
{_rant} any read on WNR ?
{_rant} down 10%
{Threei} bounce candidate with .15 long trigger
{dino} energy issue thats all
{Threei} stop under 14
{Threei} half lot, a bit volatile
{Threei} most likely just a scalp
{_rant} 73% short interest...
{_rant} upward trend on CHL
{esemde} WNR up 11 days almost....will take a few days to consolidate before making another move
{_rant} thx
{esemde} might be a scalp of some kind though as vad says
{_rant} will let it pass
{_rant} huge short interest
{_rant} all airline stocks are flying
{_rant} RJET
{dino} and they will all be in bankruptcy at years end
{esemde} short interest is reported twice monthly.....after 11 days up some of that has probably been used
{dino} w/respect, not really an issue for me
{esemde} how so dino......not usually my play either
{dino} kop bstop to .22 mkt waking
{_rant} ccoi is sleepin
{_rant} flat
{dino} imo in daytrading, less info is better
{esemde} true...
{_rant} well then u r just pure gambling
{peterg} Agree: as learner, am swamped with information, reading all Vad's opus
{dino} no mistake its all prbabilities the way i trade
{Threei} not at all rant
{dino} kop cov , +.15
{Threei} there is relevant information and there is information that just distracts you from what's really happening
{dino} but rant, i have an edge, so i play the probabilities of it
{Threei} as far as day trading is concerned, a lot of inromation circulating in the market chatter is largely irrelevant
{esemde} when you do this enough rant...you can get a feel for momentum in certain stocks
{dino} you must find you're own edge
{esemde} and the level 2 help tip that in your favor
{Threei} there are setups based on recognizable situations
{Threei} stemming from the idea that people's behavior obeys certain patterns
{Threei} etups simply exploit this basic concept
{esemde} for me those situations indicate buying and selling power
{_rant} true, but to play airline stocks today is based on the information that oil is falling
{_rant} without tht information..u r just gambling
{Threei} right
{Threei} no...
{_rant} the key is to filter the information
{dino} potatoe potato, your edge willshow the recognizable situation
{_rant} :)
{Threei} look at it this way
{Threei} you have certain working assumption
{magoo} OY
{magoo} lol
{Threei} in this case it's:
{Threei} oil drops, airline should benefit
{dino} recognizable pattern
{Threei} if you trade off this assumption alone, you ARE gambling
{Threei} but
{Threei} if you use this assumption as a reason to watch
{Threei} form your list
{Threei} and start hunting for the signs confirming your assumption
{Threei} you have a list of candiodates.
{dino} amed stop to .35\
{Threei} All that is left is to time your entries
{Threei} and that's where setups come in
{_rant} true
{_rant} do u setup exit price and stop loss at the time of entry ?
{esemde} news does create momentum for sure.rant just use setups for right entry
{dino} 1:1 basic goal rant, but i usually look for 1:1.5+ because of spikes/capits
{esemde} most of the time I do....but sometimes if I know the issue and the way it trades I'll give it wiggle room
{_rant} hmm
{_rant} coz i always end up changin them..
{dino} only change a stop to your benefit, as in tighten
{_rant} and screw up the trade sometime
{esemde} I agree with dino on that
{fernp} SQNM interesting
{dino} magoo, tell him what happens when you change a stop the wrong way
{magoo} huh?
{dino} it will hurt you!
{_rant} still in ccoi dino ?
{magoo} oh, it will?
{Chaeron} SQNM
{esemde} big time.......
{dino} break the rules you will pay
{esemde} very true.....i payed big time last summer.....huge hit one day because of stupidity
{dino} we've all been there
{dino} amed to .48
{dino} listen to vads' rules, then find your edge
{dptl} grabbed +.10 sqnm ty
{dino} gj
{dptl} ty
{fernp} also out SQNM +.10 TY
{Threei} :)
{Threei} rant
{Threei} look what I found, directly about the topic discussed
{Threei} GENEVA (AFP) - It doesn't pay to be smart and ignorance really is bliss if you want a long life -- at least if you're a fly, according to new research by a Swiss university.
{Threei} Scientists Tadeusz Kawecki and Joep Burger at the University of Lausanne said Wednesday they had discovered a "negative correlation between an improvement in a fly's mental capacity and its longevity".
{Threei} As part of their research project, the results of which are published in the journal Evolution, they divided into two a group of flies from the Basel region of northwestern Switzerland.
{Threei} One half was left in a natural state while the other had its intelligence boosted by Pavlovian methods, such as associating smell and taste with particular food or experiences.
{Threei} Over 30 to 40 generations, these methods led to flies which clearly learned better and remembered things for longer.
{Threei} The flipside was that the flies left in their natural state lived longer on average than their "cleverer" counterparts, with a lifespan of 80-85 days rather than the normal 50-60..
{Threei} "In other terms, the more the fly becomes intelligent, the shorter its lifespan," the scientists said.
{Threei} good boy SQNM
{_rant} swks short .92
{dptl} know less - live longer concept ?
{Threei} yup :)
{dptl} always work...even in fly's world
{dino} cme, nyx lod
{Threei} MOODY'S PLACES MBI AND ABK'S AAA RATINGS UNDER REVIEW FOR DOWNGRADE; MOODY'S SAYS THE MOST LIKELY OUTCOME OF THE REVIEW WILL BE A DOWNGRADE
{Threei} - Reflects credit profile may not be consistent with current rating given current business prospects
{Threei} - Notes that the IFS ratings for both ABK and MBI will likely fall within AA range, though its possible MBI will drop to single-A.
{Threei} sorry, late with this news
{dino} out amed .53, +.58
{dino} brb
{Threei} MBI shortable... maybe we get worthy bounce
{Threei} or .50 breakdown
{Threei} volume dries up as it nears 6
{Threei} IVAN
{Threei} CNBC'S GASPARINO REMARKS THAT SOURCES NOTE THAT LEH HAS NOT APPROACHED ANY SOURCES TO RAISE CAPITAL
{dino} coi stopped -.34
{dino} greed got me, should've trailed
{Threei} it's G,Gekko's fault
{magoo} why is that good LEH?does not need capital
{Threei} that's the idea
{magoo} hey, not as confused as i look
{esemde} have a great everyone...see ya tomorow
{Threei} take care ese
{esemde} see ya Vad
{dino} cya es
{Threei} MBI COMMENTS ON MOODY'S DECISION TO PLACE MBIA'S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE
{Threei} - The specific ratings affected are the Aaa insurance financial strength ratings of MBIA Insurance Corporation ("MBIA" or the "Insurance Company") and its insurance affiliates, the Aa2 ratings of MBIA's Surplus Notes, and the Aa3 ratings of the junior obligations of the Insurance Company and the senior debt of MBIA Inc., each with a negative outlook.
{Threei} - CEO: "We disagree with Moody's decision today, When Moody's affirmed our rating with a negative outlook in February, we believed that it would refrain for six to 12 months from taking additional ratings actions unless the environment or MBIA's position changed materially.
{Threei} Since then, there have been no material adverse changes in the environment, and we believe our capital position has improved. Thus, we are surprised by both the timing and direction of this action and can only conclude that the requirements for a Triple-A rating continue to change.
{Threei} - There is no question about our ability to cover all policyholder claims, from a regulatory or any other standpoint. "
{_rant} mbi and abk are doomed
{Threei} - "we do not foresee any major additions to loss reserves unless the housing market performs significantly worse than our expectations."
{dino} netl
{kazaam} what kinda play is open on NETL?
{dino} euphoria
{dino} thinking short
{dino} break of .25 area imo
{dino} sm s .30 risky
{Threei} SQNM non-stop
{Threei} feels not done yet
{magoo} u suggest entry?
{Threei} if holding above .40, break...
{Threei} if loses it, tougher to tell
{Threei} it doesn't have clean support levels under .40
{magoo} any read LEH?
{Threei} nah
{Threei} SQNM broke
{magoo} in
{dino} josb
{Threei} REPORTS Q1 $0.53 V $0.46E, R$145.4M V $142.3ME, SSS +6.4% Y/Y
{_rant} yge
06* Threei slaps laserdave1 around a bit with a large trout
06* Chaeron slaps laserdave1 around a bit with a large trout
{Threei} ICAHN SENDS AN OPEN LETTER TO BOARD OF DIRECTORS, SEEKS TO REPLACE YANG AND CURRENT BOARD
{Threei} - Notes that the only way to preserve Yahoo is a combination with MSFT
{Threei} - Icahn asks the Board to take back the poison pill severance plan, noting that Yang went to great lengths to sabotage MSFT
{Chaeron} sqnm
{kazaam} to the moon
{magoo} out sQNM .74 nowTY vad
{magoo} +.25
{Threei} wtg
{Threei} noe, what does SQNm even do?
{Threei} lol
{dino} gj
{magoo} oil??
{Threei} to return to smart flies topic for a sec... with very vague idea of what field SQNM is in, did it prevent us from finding it and profiting from it?
{kazaam} that is kinda one aspect of such active trading that i have to adapt to because i am so familar with watching one e-mini or one currency
{dino} v sm l ma .23
{Threei} this is not much different kazaam, if you adopt this view:
{Threei} we do not trade companies,
{Threei} we trade people.
{Threei} Their reactions
{Threei} patterns they display
{Threei} With this angle, it's all the same
{Threei} if you look at SQNM, you will see a big gapper,
{Threei} that consolidated for a while, then continued its run against all odds
{Threei} Now, ask long time room members
{Threei} how many times we saw and utilized this pattern
{Threei} even magoo who has serious case of alzheimers will tell you
{Threei} that he manages to remember about it when he sees big gapper
{Threei} It's all about seeing recognizable situation and applying the algortythm you have for it
{kazaam} i think ones i learn the basic patterns this room follows I will be alittle more comfortable
{kazaam} so much information
{Threei} sure, and trust me, they are very easy to identify
{kazaam} i am used to 1 chart, 2 patterns, trade
{Threei} ABK
{Threei} RESPONDS TO MOODY'S COMMENTS
{Threei} scond round of self-applauding
{Threei} DISAPPOINTED IN DECISION, REAFFIRMS HAS NO ADDITIONAL PLANS TO RAISE CAPITAL
{Threei} - disappointed by the Moody's announcement, particularly in light of the significant progress we have made to strengthen our capital position and refocus our business. Since March, we have raised $1.5 billion of capital bringing our claims paying resources, as calculated by Moody's, to approximately $15.3 billion; an amount which we believe satisfies Moody's target Aaa capital requirements as of March 31, 2008.
{Threei} - anticipating a $500 million capital cushion by the end of the second quarter
{Threei} - will continue to work aggressively to monitor and manage our portfolio and optimize capital allocation for the benefit of our shareholders and clients. The Board and management continue to explore all strategic alternatives and remain confident of the strong business value embedded within our enterprise.
{Threei} - CEO: Outside the mortgage-related exposures, the remainder of our portfolio is performing well, and in line with our expectations. We have presented Moody's with concrete near-term plans to deploy our people and expertise in the municipal market via our already-licensed, Connie Lee vehicle.
{Threei} in other words, two nice and fuzzy sheep are being harrassed by big bad moody
{magoo} so what does SQNM do?
{Threei} makes money for us
{Threei} good enough for an answer?
{Threei} oil 122.5?
{Chaeron} SQNM - Sequenom Inc., genetic analysis products
{Threei} hah
{Threei} I would haven been happy to say I contributed to genetic research today... but having sold I rpobably can't brag about it, can I?
{_rant} qid
{_rant} .93
{magoo} daily 2:30 smack down
{kazaam} did this room at one time only trade Nasdaq?
{Threei} yes
{Threei} we started adding listed stocks with ECN introduction on NYSE and AMEX
{Threei} that made executions as sure and lightening as on NASDAQ
{Chaeron} now we even trade porkbellies... Threei's favorite - bacon :)
{Threei} I have hard time trading it though
{Threei} I eat what I buy
{Threei} which is not very profitable
{kazaam} heh
{Threei} you should see some NYSE executions before ECN time
{Threei} instead of immediate fill once you click, time goes, nothing happens,
{Threei} then you either get your fill if stock moved against you
{Threei} or left out in the cold if it moved in your favor
{Threei} and when you click Cancel, they think for a while
{Threei} before granting you your wish
{Threei} Interestingly enough, when first talks surfaced about diluting specialist system with ECXNs and direct electornic executions
{Threei} specialists were up in arms
{Threei} I opined back then that in couple years they will be like dinosaurs
{kazaam} i didnt know execution was the reason for trading Nq only stocks, is NYSE mostly ECN execution now? or only a minority of issues?
{Threei} most of them
{Threei} everything I watch is infested with ECNs like Winnipeg with mosquitos
{Threei} that was major reason... electronic fill, garanteed if there are shares at your price on NASDAQ
{Threei} vs live specialist than gets your order
{Threei} and thinks whether he wants to give your shares to you or not
{Threei} TASR
{Threei} ARIZONA SUPREME COURT DENIES PETITION FOR REVIEW IN PRODUCT LIABILITY CASE AGAINST TASR
{Threei} - The Supreme Court's action lets stand a Court of Appeals decision to uphold a Maricopa County Superior Court jury's verdict in favor of TASER International in a product liability lawsuit brought forth by the former Maricopa County Sheriff's deputy.
{dino} netl stopped -.24
{dino} nyx l .20, stop .88
{_rant} r u short or long
{Threei} l = long
{_rant} ah
{Threei} dino speaks in codes
{Threei} and says if you don't understand me you are not worthy
{dino} llol
{Threei} I tried his approach by telling my wife it was not her business (she asked what I wanted for dinner)
{Threei} didn't really work out very well
{Threei} FED'S BERNANKE: INFLATION SIGNIFICANTLY HIGHER THAN WHAT THE FED WANTS, LONGER TERM INFLATION EXPECTATIONS RISING; PRICE STABILITY IS TOP PRIORITY FOR FED
{Threei} - Sees some echoes of 1970s, but repeat of wage-price spiral is unlikely
{Threei} - Notes that US has 'serious' oil shock, rising food, subpar growth
{Threei} - Remarks that the Fed is responsible for stable prices over medium term, large decline in economy's energy intensity helps reduce shock of higher prices
{dino} back in 15
{Threei} let's translate this:
{Threei} large decline in economy's energy intensity helps reduce shock of higher prices
{Threei} losing manufacturing jobs to overseas is a good thing, we need less energy
{Threei} why not go all the way and says, grounding airlines and putting cars on driveways is even better
{kazaam} are there any other stocks like RIMM that are traded very actively with decent volitility?
{magoo} like aapl
{Threei} RIMM and AAPL are permanent residents
{Threei} sometimes others added when some event gives them a puish
{kazaam} so LEH would be an example of that?
{Threei} SNDK often moves nicely, although range is less
{Threei} yes, totally
{Threei} KLAC often moves nicely
{Threei} BRCM and NVDA used to, we played them often
{Threei} not so much these days
{kazaam} yeah, back when i was trading WIZETRADE, i was losing money on NVDA and BRCOM
{Threei} woohooo
{Threei} green light red light!
{Threei} what a ripoff
{kazaam} hah, yep, thats how i got started, lost 1000 bucks and said no more
{Threei} in a few days, when you get your package
{Threei} in MPP you will see detailed explanation why it could never work
{dino} nyx stopped -.33
{kazaam} will be interesting to read about that, i coded some systems in Tradestation (not profitable systems) and I started to see exactly why it can't work
{dino} onxx l .00
{Threei} mildly interested in ZIXI
{Threei} nice break of 3 and nice move after, don't want to chase
{Threei} but if pulls back closer to 3, will consider
{dino} .02 too close nyx
{Threei} try to guess what MBI CEO could say
{Threei} right:
{Threei} CEO: NOT SEEKING TO RAISE CAPITAL AT THE MOMENT, CAN NOT RAISE CAPITAL WITH FULL KNOWLEDGE OF MOODY'S GUIDELINES
{Threei} LEH
{Threei} US OFFICIAL: FED AND SEC ARE IN DAILY CONTACT WITH LEHMAN
{Threei} why, if everything is so hunaky-dory?
{magoo} now is that to be interpretted "goood"
{Threei} I would classify it as worrisome
{Threei} but then again, I am a worry-wart: having less than 2 packages of bacon in the fridge is worrisome for me
{Chaeron} stock the freezer... it' keeps forever
{peterg} Hormel Microwaveable bacon!
{kazaam} i gotta jet early, see everybody tomorrow, adios!
{Chaeron} bye kaz
{Threei} take care kazaam
{magoo} bye kaz
{dino} later kazzer
{dino} kop s .92 stop .03
{dino} out onxx .08, +.08
{Threei} conflicted about ZIXI
{Threei} held 3.10
{Threei} tagged high again
{Threei} everything looks fine... I just am not sure I want to take it overnight
{Threei} probably let's just watch it tomorrow for another chance
{Threei} also, VVUS
{Chaeron} I like saying the name :) ZIXI.....
{Threei} hehe
{Threei} if finishes and opens about here, will be inetrested in 7.10 break
{Threei} trailing QTWW stop for the balance to .55
{dptl} have a good evening all....ty ..good day:)
{Threei} whew
{Threei} I was afraid I had to send dp a box of tissues
{Threei} and I hate waste money on tissues when there is a perfect solution in a form of sleeve
{dptl} lol...big boys never cry
{Threei} no??
{Threei} I gotta stop then
{dptl} :)
{dino} later dp
{Threei} Ok guys, thank you all
{Threei} have a good evening, see you tomorrow
{magoo} ty vad
{dino} cya
{Chaeron} 7.10 hitting on VVUS... wait for manana?
{dino} stop kop .99, -.07
{dino} thats all, thanks
Session Time: Wed Jun 04 00:00:00 2008
{Threei} Q1 FINAL NONFARM PRODUCTIVITY: 2.6% V 2.5%E;
{Threei} UNIT LABOR COSTS: 2.2% V 2.0%E
{Threei} sold balance of OMNI at 6.95, ROYL's gapping down
{Threei} missed 7, so took next best thing
{peterg} gm--had to use numbers to get in
{Threei} good morning
{Threei} really?
{peterg} xxxx7044
{Threei} hmmm... shouldn't be that way
{peterg} got in yesterday
{peterg} without effort
{peterg} shall i try again?
{Threei} nah... let's wait what others report
{peterg} k
{Threei} if it's widespread, problem reappeared
{Threei} if they are fine, it could be that your particular ISP needs to update DNS records
{Threei} which means just wait
{magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} good morning to you too mags
{Threei} how did you connect?
{magoo} easily connected
{magoo} LEH very active
{Threei} ok, ty
{Threei} yeah... in such cases bad news tend to pile up
{Threei} but I have to say, this case is not clear cut
{magoo} two thoughts...some people are thinking it can go to single digits like BEAR
{Threei} all the eery resemblances to BSC are there,
{magoo} and other thougfht is thats too easy...mkt never makes it easy
{Threei} but to say honestly, I have hard time to see similar outcome
{Threei} exactly
{Threei} obviously there are a lot of troubles
{Threei} but, unlike in BSC case,
{Threei} market is so eager to look for any positive
{magoo} shorts may get killed just to kill them
{Threei} that slightest hint that troubles are not that deep as Bear's can skyrocket the stock
{magoo} rarely get repeat scenario in market
{magoo} thats why its so hard
{Threei} I strongly disagree but not because I have any reasonable argument... I just like to disagree {G}
{peterg} The disagreement heightens the pleasure of the assertion
{Threei} that's deep
{Threei} I'd say I need a week to ponder this
{peterg} thats my problem
{Threei} see you all next Wed
{magoo} man..IDEV cut in half
{Threei} FDA troubles
{magoo} my entire watch list RED except QID{and i know why qid up before u go into 5 paragraphs explanation vasd lol}
{Threei} sigh
{Threei} OMNI is up, allow me to say
{Threei} and that was my chosen gapper
{magoo} not on my list lol
{Threei} you may want to watch another list {GGG}
{Threei} reminds me an old Soviet joke about a guy who tried to obtain permission to immigrate
{Threei} KGB agent tasked with convincing those who wanted to leave to reconsider
{Threei} started showing him a globe
{Threei} commenting how bad it was in this country, in that country
{Threei} guy listened, then asked
{Threei} sorry... may I have some other globe?
{Threei} SAUDI ARABIA RAISES PRICES FOR ALL GRADES OF CRUDE TO US BUYERS; US OIL PRICE TO RISE TO $3.85/BBL IN JULY
{Threei} - raises light and extra light prices to Asia in July
{Threei} why did I sell OMNI?
{pita} gm
{Threei} pita :)
{Threei} LIVE
{Threei} BECOMES AUTHORIZED RESELLER OF GOOGLE ADWORDS
{Threei} As a Google AdWords Authorized Reseller, LiveDeal's dedicated direct sales force will encourage local businesses to use AdWords online advertising as a cost effective, efficient way to find and target new customers.
{Threei} - Financial terms were not disclosed.
{Threei} lovely OMNI
{cosmo} TIBX might heal
{cosmo} 7.18 high so far
{Threei} 06/03/08 05:00pm [TIBX] Guides Q2 EPS $0.05-0.06 v $0.08e, R $147-149M v $153.6Me
{dptl} good morning all
{fernp} good morning
{Threei} dp, fern :)
{Chaeron} good morning everyone
{Threei} chaeron :)
{Chaeron} QTWW nice premarket...
{Threei} yes but as we saw yesterday it's not immune to market movement
{Threei} thinking of taking our that half I rebought yesterday
{Threei} kind of "trading around core position"
{Threei} also known to scalping course owners as umbrella concept
{Threei} OMNI is a bittersweet for me
{Threei} sweet part is, nice to know I can pick a gapper in this market
{Threei} bitter is of course selling too soon, lol
{magoo} i think u are getting alhiemers ed..u are fixating on a single stock all day..yesterday it was QTWW
{Threei} unless you totally tune out LEH
{magoo} i did yesterday{and it cost me}
{Threei} there... tune me out at your own peril
{Threei} luckily you decided to listen when I talked about ROYL :)
{Threei} which btw disproves completely your theory about me and single stock
{magoo} what are we debating again?i forget
{Threei} who are you?
{dino} gm all
{Threei} dino :)
{Chaeron} heya dino :)
{dino} :)
{Threei} MER
{Threei} CHIEF US STRATEGIST BERNSTEIN: SEES MASSIVE CONSOLIDATION IN THE FINANCIAL SECTOR
{Threei} are they getting ready to buy LEH? :)
{dino} indeed, sounds like the vultures are circling
{dino} no offense raven
{Threei} lol
{_osbo} HI
{Threei} big bird is on two-weeks vacation
{Threei} osbo :)
{dino} whew, was worried
{Chaeron} good luck to all...
{magoo} LEH lv 2 nuts
{Roman} 21 SQNM
{Roman} 21 watch, coulbe be aiming for 9.25
{Threei} had news
{Threei} 04:01am [SQNM] Announces positive results from screening studies using the Company's noninvasive circulating cell-free fetal nucleic acid SEQureDx(TM) Technology
{Threei} CSUN
{Threei} .90 long
{Threei} if stays above .75
{dino} amwd
{dino} darn can't borrow
{Threei} missed first SQNM spike
{Threei} will try .87, if that big offer gets taken at .86
{dino} funny i wanted s at .64
{dino} 9 that is
{dino} sm ipi l .70
{Roman} 21 WB
{Roman} 21 missed 22.15
{dptl} l csun ,92
{Threei} SQNM stop .79
{magoo} watching aapl for bounce
{magoo} depends on mkt obviously
{Threei} half out SQNM 9.05
{_rant} ppo ?
{Threei} nasty spread jumps
{dino} ptek
{Threei} SQNM stop to .84 for the balance
{Threei} CSUN stopped
{dptl} stopped
{Roman} 21 ASIA vad
{Threei} again?
{Threei} didn't it torment us enough yesterday only to be stopped? :)
{dino} kop, bobe
{magoo} l aapl .95
{_rant} ppo went flying
{magoo} out .40 +.45
{Threei} STKL
{Threei} half lot .20 break long
{Chaeron} nice hit magoo
{magoo} ty, anyone go?
{Threei} 6.95 stop
{magoo} straight up from entryu
{magoo} in stkl .19
{Threei} AKAM .31 long
{Threei} .19 stop
{Threei} let's disregard AKAM, too close to oil numbers
{Threei} don't want to get caught into knee-jerk reaction
{Chaeron} aarrrrrrrrgg... was waiting like a cheetah about to pounce
{Threei} if logic has any place, oil inventory numbers should be great
{magoo} yeah..was using vads finger trick..holding button already pressed
{Chaeron} logic?
{Threei} but since when logic has anything to do with market
{magoo} oh dammit, filled when took finger off to type he he
{Threei} lol
{dino} bobe s .74 sm
{Chaeron} what time #s?
{magoo} 10:30
{dino} ipi stop to .83
{Threei} thing went in anticipation
{Threei} last week numbers were very low because of some port delays
{Threei} providing delays were dealt with, build-up should be significant
{Threei} that's the logic I was referring to earlier
{dino} kop s sm .40
{Threei} frikin AKAM :)
{Chaeron} nice call AKAM
{Chaeron} good for you magoo
{magoo} i really filled vad...29 no shit
{Threei} cool, take profit
{magoo} oh ok..out .57 he he seriously
{magoo} TY
{magoo} i guess
{Threei} welcome
{magoo} gotta work on that finger trick more i guess
{Threei} lol
{Chaeron} yeah... keep practicing... become rich while you practice
{magoo} ok the plan chaer..i gonna go push buitton on rimm..then u ask m,e a questuion...ill let off to type and fill..then profit
{Roman} 21 WB
{Roman} 21 long
{Chaeron} lol
{Roman} 21 21.85 stop 21.69
{dino} bobe bstop is .02,
{dino} ipi to .98
{dino} out ipi .04 +.34
{dino} bobe stopped -.28
{Chaeron} .
{Threei} no numbers still
{kazaam} are crude numbers going to determind the break for S&P resistance?
{kazaam} of
{Threei} who knows
{Threei} don't try to predict
{Threei} it's a suckers game
{magoo} hey kazaam..u lost your "_"
{Threei} market strives on taking money from those who think they can analyze and predict how it reacts
{Threei} yes... welcome aboard kazaam
{magoo} welcome bro
{Threei} LOOMIS SAYLES VICE CHMN: BUYING LEH DEBT IN LAST SEVERAL DAYS
{kazaam} indeed, I am now a citizen of the reality trader chat room
{Threei} DOE CRUDE: -4.8M V +1ME;
{Threei} yikes
{magoo} to a profittable...yet speklling challenged existance
{Chaeron} great kazaam
{Roman} 21 :)
{Threei} where is that expected buildup
{Chaeron} "market strives on taking money from those who think they can analyze and predict how it reacts"
{Threei} GASOLINE: +2.9M V +1ME; DISTILLATES: +2.2M V +1.5ME; UTILIZATION: 89.7% V 88.4%E
{Threei} market confused badly
{magoo} theres buildup
{Threei} it's looking around and whistling sheepishly "do I come or do I go"
{magoo} i'm confused badly
{Threei} me too but I don't notice it since it's my usual state
{Threei} oil under 124
{Chaeron} $4.89/gal here for premium tho...
{Threei} oil goes up, price tag on gas station pops the same day
{Threei} oil drops, price tag somehow isn't in hurry
{Roman} 21 out 1/2 +.25
{Roman} 21 WB
{dino} bkop stopped
{dptl} stkl stop still the same .95?
{Threei} trail it now as it made nee high
{Threei} 7.05
{dptl} ok ty
{Threei} it's a bit abnormally volatile
{Threei} so I am careful not to overtighten it
{magoo} AKAM going over 39 imo
{Threei} look at LEH
{Threei} was I right to be hesitant on shorting it today or what
{Threei} OK STKL
{magoo} congrats
{Threei} ugh, retreated from spike before gave exit chance
{Threei} have to have offer laid out
{dptl} yeah...still in
{dptl} offering .40 now
{dino} amed l sm .95
{Threei} LEH lullback into support
{magoo} lost support right?
{Threei} .50 yes, next 31
{Threei} not sure it's going to go there
{Threei} crossback over .50 probably worth a first try
{Threei} stop under .30
{magoo} next support 31
{Threei} dp, out yet?
{Threei} .40 is getting hit
{dptl} out .40 stlk ty
{Threei} welcome
{magoo} im in stkl too boss
{magoo} wait .49
{Threei} may I suggest half out?
{Threei} OK
{magoo} out full TY
{Threei} welcome sir
{Threei} wasn't the easiest of trades but worked nicely
{Threei} jeez
{Threei} what happened on LEH?
{magoo} i know
{Threei} OMG
{magoo} thought leh was in trouble
{Threei} you are not going to believe this
{Threei} HEARING UPGRADED AT MERRILL LYNCH
{Chaeron} I so missed that one
{Threei} remember from a day ago
{Threei} LEH defended MER,
{Threei} I said now when MER defends LEH I'll have seen it all
{magoo} seems like conflict of interestthose two
{Threei} there you go, took just one day
{magoo} man that sux....nothing left to see anymore
{Threei} yes
{Threei} I am retreating to a cave
{dino} or maybe mer just bought aslot of leh at 28
{Threei} high up in mountains
{Threei} going to do intense navel-dazing
{Threei} gazing
{kazaam} hopefully that cave has wireless
{hawkfan4} 11:10 Hearing LEH upgraded 15 seconds after hawk sells it for a small loss
{Threei} no... I am going to order beer using smoke signals
{Threei} just one of those cases hawk... can just shrug
{hawkfan4} lol, i know, was unreal
{Roman} 21 out remaining WB +.52
{kazaam} wb
{Threei} there is even price target
{Threei} PRICE TARGET REMAINS $37
{Threei} so, I take it MER is not buyng LEH out
{Threei} STKL takes .50
{Threei} anyone is still in, offer into spike
{dino} ccoi
{Threei} out in full .60
{dino} ccoi sm l .00
{_rant} looking weak
{_rant} not much buying
{_rant} ok some buyin no
{_rant} now
{_rant} good entry 14.15 ?
{dino} lol
{_rant} :)
{dino} remember rant .6666\
{_rant} ?
{dino} my hit ratio
{_rant} ah nice
{dino} not all will work, play the odds
{_rant} what is your search criteria
{dino} whre too .75?
{_rant} sweet
{dino} i like 2 buck fast drops or pops
{_rant} .42 in no time
{magoo} your hit number is also the devils number..that concerns me
{dino} then go other way
{dptl} grabed+.27 ccoi ty dino
{magoo} see my hit number isn't ...it a solid .67
{Roman} 21 watching JASO for short on 20.25 breakdown
{dino} gj dp
{dino} perhaps i expect too much at .75
{dptl} well...you'll know after ....:)
{dino} :)
{magoo} sh rimm small here .20
{dino} sm last try kop s .38 risky, jumpy
{dptl} tibx?
{Threei} tough one dp... don't know
{dptl} ok ty
{Roman} 21 FRPT long setup, slow one
{Roman} 21 4.18
{dino} kop bstop is .56
{Threei} what's with HIMX?
{Chaeron} I see no news
{dino} nothing
{judijim} hello everyone
{Threei} jj :)
{magoo} out rimm 136 +.20
{Threei} morning was nice... stalled somewhat now but feeling is, market is alive and kicking
{dptl} grabed +.10 tibx
{magoo} morn JJ:)
{Threei} LEH
{Threei} REDUCES LEVERAGE TO 12.5X FROM 15X IN Q1
{Threei} LEH PR machine is hard at work
{Threei} I can see a head of PR department running through cubicles with whip in his hand, yelling "go go go, come up with next headline NOW"
{_rant} see FFIV
{dino} y, for me to gradual
{magoo} vad, thats same work environment dino places on magoo
{Threei} qhat's his subject of demand?
{magoo} yelling"win,win.,win
{Threei} bring beer?
{Roman} 21 CROX
{Roman} 21 spike with vol
{Roman} 21 looks like news
{dino} ever feel unappreciated
{_tangrick} cnbc on crox
{Roman} 21 thank u, i turned off CNBC
{_rant} lol
{_rant} bunch of crooks
{peterg} bunch of crox
{Threei} each time I see those crocs in thes tore, I have hard time believing this stock trades higher than $1 {G}
{hawkfan4} 11:46 CROX Crocs jumps to session highs after analyst from Al Frank on CNBC highlights co's valuation of 6x earnings (10.15 +0.27) -Update-
{kazaam} $10 stock for clown shoes
{peterg} Skechers has come out with competition rubber shoes with holes.
{Roman} 21 SQNM trying
{Threei} but what do I know, I am the guy who who can spell word fashion without looking it up in 10 different ways except the right one
{dino} i hear you vad, but my kids and wife have like 3 pairs each. i don't get it
{Threei} SQNM, I'd try it again at 9.11
{Threei} dino, I'd very tenpted to threaten them with disowning them
{Threei} if I wasn't so sure they would jump on the offer happily {G}
{dino} thats the problem, lol
{magoo} ashamed to admit..but i asked for a pair for fathers day
{Threei} dino... disown magoo
{dino} wonders never cease
{dino} thats it, magoo is buying the first round
{dino} vlcm strange
{Threei} first?
{Threei} I strognly suggest he buys all rounds
{magoo} and if IF i get them..i'll be displaying themn in the office on my feet
{dino} doh!
{Threei} we know it happened when dino's first words upon connection are "my eyes" insteaad of morning
{Threei} what do you know, CROX is climbing... lol
{Roman} 21 it's loaded with shorts
{magoo} crox makes jockey shorts lol
{esemde} Good morning all...just wanted to pop in for a few minutes to say high...had an early morning show ....
{Threei} morning ese
06* magoo slaps esemde around a bit with a large trout
{esemde} morning vad....we were at the convention center singing O Canada
{Threei} magoo has his specific style of greeting
{esemde} felt OK
{Threei} so early?
{magoo} show my first morning one vad
{Threei} is there any event today?
{esemde} yes....we get these calls once in a while to open up conventions
{Threei} [08:39] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} [08:40] {Threei} good morning to you too mags
{magoo} [08:40] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{magoo} [08:41] {Threei} good morning to you too mags
{Threei} good to know world flocks to our cute town :)
{esemde} weirdly enough I think I understand that language Vadc
{Threei} that's very very disturbing ese
{esemde} whats the market look like
{Threei} strong and active
{esemde} hmmmmmm kinda up
{Threei} LEH is kicking rears and taking names
{esemde} 74 mil shs.....149 mil yesterday....
{Threei} 10.20 closest support CROX
{Threei} if looking to enter on pullback, here is the chance
{esemde} not I....too late to the party....no feel just yet
{dino} wtg es
{esemde} what did I do?
{dino} waiting to get feel, good sign
{esemde} tks
{_rant} any read on WNR ?
{_rant} down 10%
{Threei} bounce candidate with .15 long trigger
{dino} energy issue thats all
{Threei} stop under 14
{Threei} half lot, a bit volatile
{Threei} most likely just a scalp
{_rant} 73% short interest...
{_rant} upward trend on CHL
{esemde} WNR up 11 days almost....will take a few days to consolidate before making another move
{_rant} thx
{esemde} might be a scalp of some kind though as vad says
{_rant} will let it pass
{_rant} huge short interest
{_rant} all airline stocks are flying
{_rant} RJET
{dino} and they will all be in bankruptcy at years end
{esemde} short interest is reported twice monthly.....after 11 days up some of that has probably been used
{dino} w/respect, not really an issue for me
{esemde} how so dino......not usually my play either
{dino} kop bstop to .22 mkt waking
{_rant} ccoi is sleepin
{_rant} flat
{dino} imo in daytrading, less info is better
{esemde} true...
{_rant} well then u r just pure gambling
{peterg} Agree: as learner, am swamped with information, reading all Vad's opus
{dino} no mistake its all prbabilities the way i trade
{Threei} not at all rant
{dino} kop cov , +.15
{Threei} there is relevant information and there is information that just distracts you from what's really happening
{dino} but rant, i have an edge, so i play the probabilities of it
{Threei} as far as day trading is concerned, a lot of inromation circulating in the market chatter is largely irrelevant
{esemde} when you do this enough rant...you can get a feel for momentum in certain stocks
{dino} you must find you're own edge
{esemde} and the level 2 help tip that in your favor
{Threei} there are setups based on recognizable situations
{Threei} stemming from the idea that people's behavior obeys certain patterns
{Threei} etups simply exploit this basic concept
{esemde} for me those situations indicate buying and selling power
{_rant} true, but to play airline stocks today is based on the information that oil is falling
{_rant} without tht information..u r just gambling
{Threei} right
{Threei} no...
{_rant} the key is to filter the information
{dino} potatoe potato, your edge willshow the recognizable situation
{_rant} :)
{Threei} look at it this way
{Threei} you have certain working assumption
{magoo} OY
{magoo} lol
{Threei} in this case it's:
{Threei} oil drops, airline should benefit
{dino} recognizable pattern
{Threei} if you trade off this assumption alone, you ARE gambling
{Threei} but
{Threei} if you use this assumption as a reason to watch
{Threei} form your list
{Threei} and start hunting for the signs confirming your assumption
{Threei} you have a list of candiodates.
{dino} amed stop to .35\
{Threei} All that is left is to time your entries
{Threei} and that's where setups come in
{_rant} true
{_rant} do u setup exit price and stop loss at the time of entry ?
{esemde} news does create momentum for sure.rant just use setups for right entry
{dino} 1:1 basic goal rant, but i usually look for 1:1.5+ because of spikes/capits
{esemde} most of the time I do....but sometimes if I know the issue and the way it trades I'll give it wiggle room
{_rant} hmm
{_rant} coz i always end up changin them..
{dino} only change a stop to your benefit, as in tighten
{_rant} and screw up the trade sometime
{esemde} I agree with dino on that
{fernp} SQNM interesting
{dino} magoo, tell him what happens when you change a stop the wrong way
{magoo} huh?
{dino} it will hurt you!
{_rant} still in ccoi dino ?
{magoo} oh, it will?
{Chaeron} SQNM
{esemde} big time.......
{dino} break the rules you will pay
{esemde} very true.....i payed big time last summer.....huge hit one day because of stupidity
{dino} we've all been there
{dino} amed to .48
{dino} listen to vads' rules, then find your edge
{dptl} grabbed +.10 sqnm ty
{dino} gj
{dptl} ty
{fernp} also out SQNM +.10 TY
{Threei} :)
{Threei} rant
{Threei} look what I found, directly about the topic discussed
{Threei} GENEVA (AFP) - It doesn't pay to be smart and ignorance really is bliss if you want a long life -- at least if you're a fly, according to new research by a Swiss university.
{Threei} Scientists Tadeusz Kawecki and Joep Burger at the University of Lausanne said Wednesday they had discovered a "negative correlation between an improvement in a fly's mental capacity and its longevity".
{Threei} As part of their research project, the results of which are published in the journal Evolution, they divided into two a group of flies from the Basel region of northwestern Switzerland.
{Threei} One half was left in a natural state while the other had its intelligence boosted by Pavlovian methods, such as associating smell and taste with particular food or experiences.
{Threei} Over 30 to 40 generations, these methods led to flies which clearly learned better and remembered things for longer.
{Threei} The flipside was that the flies left in their natural state lived longer on average than their "cleverer" counterparts, with a lifespan of 80-85 days rather than the normal 50-60..
{Threei} "In other terms, the more the fly becomes intelligent, the shorter its lifespan," the scientists said.
{Threei} good boy SQNM
{_rant} swks short .92
{dptl} know less - live longer concept ?
{Threei} yup :)
{dptl} always work...even in fly's world
{dino} cme, nyx lod
{Threei} MOODY'S PLACES MBI AND ABK'S AAA RATINGS UNDER REVIEW FOR DOWNGRADE; MOODY'S SAYS THE MOST LIKELY OUTCOME OF THE REVIEW WILL BE A DOWNGRADE
{Threei} - Reflects credit profile may not be consistent with current rating given current business prospects
{Threei} - Notes that the IFS ratings for both ABK and MBI will likely fall within AA range, though its possible MBI will drop to single-A.
{Threei} sorry, late with this news
{dino} out amed .53, +.58
{dino} brb
{Threei} MBI shortable... maybe we get worthy bounce
{Threei} or .50 breakdown
{Threei} volume dries up as it nears 6
{Threei} IVAN
{Threei} CNBC'S GASPARINO REMARKS THAT SOURCES NOTE THAT LEH HAS NOT APPROACHED ANY SOURCES TO RAISE CAPITAL
{dino} coi stopped -.34
{dino} greed got me, should've trailed
{Threei} it's G,Gekko's fault
{magoo} why is that good LEH?does not need capital
{Threei} that's the idea
{magoo} hey, not as confused as i look
{esemde} have a great everyone...see ya tomorow
{Threei} take care ese
{esemde} see ya Vad
{dino} cya es
{Threei} MBI COMMENTS ON MOODY'S DECISION TO PLACE MBIA'S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE
{Threei} - The specific ratings affected are the Aaa insurance financial strength ratings of MBIA Insurance Corporation ("MBIA" or the "Insurance Company") and its insurance affiliates, the Aa2 ratings of MBIA's Surplus Notes, and the Aa3 ratings of the junior obligations of the Insurance Company and the senior debt of MBIA Inc., each with a negative outlook.
{Threei} - CEO: "We disagree with Moody's decision today, When Moody's affirmed our rating with a negative outlook in February, we believed that it would refrain for six to 12 months from taking additional ratings actions unless the environment or MBIA's position changed materially.
{Threei} Since then, there have been no material adverse changes in the environment, and we believe our capital position has improved. Thus, we are surprised by both the timing and direction of this action and can only conclude that the requirements for a Triple-A rating continue to change.
{Threei} - There is no question about our ability to cover all policyholder claims, from a regulatory or any other standpoint. "
{_rant} mbi and abk are doomed
{Threei} - "we do not foresee any major additions to loss reserves unless the housing market performs significantly worse than our expectations."
{dino} netl
{kazaam} what kinda play is open on NETL?
{dino} euphoria
{dino} thinking short
{dino} break of .25 area imo
{dino} sm s .30 risky
{Threei} SQNM non-stop
{Threei} feels not done yet
{magoo} u suggest entry?
{Threei} if holding above .40, break...
{Threei} if loses it, tougher to tell
{Threei} it doesn't have clean support levels under .40
{magoo} any read LEH?
{Threei} nah
{Threei} SQNM broke
{magoo} in
{dino} josb
{Threei} REPORTS Q1 $0.53 V $0.46E, R$145.4M V $142.3ME, SSS +6.4% Y/Y
{_rant} yge
06* Threei slaps laserdave1 around a bit with a large trout
06* Chaeron slaps laserdave1 around a bit with a large trout
{Threei} ICAHN SENDS AN OPEN LETTER TO BOARD OF DIRECTORS, SEEKS TO REPLACE YANG AND CURRENT BOARD
{Threei} - Notes that the only way to preserve Yahoo is a combination with MSFT
{Threei} - Icahn asks the Board to take back the poison pill severance plan, noting that Yang went to great lengths to sabotage MSFT
{Chaeron} sqnm
{kazaam} to the moon
{magoo} out sQNM .74 nowTY vad
{magoo} +.25
{Threei} wtg
{Threei} noe, what does SQNm even do?
{Threei} lol
{dino} gj
{magoo} oil??
{Threei} to return to smart flies topic for a sec... with very vague idea of what field SQNM is in, did it prevent us from finding it and profiting from it?
{kazaam} that is kinda one aspect of such active trading that i have to adapt to because i am so familar with watching one e-mini or one currency
{dino} v sm l ma .23
{Threei} this is not much different kazaam, if you adopt this view:
{Threei} we do not trade companies,
{Threei} we trade people.
{Threei} Their reactions
{Threei} patterns they display
{Threei} With this angle, it's all the same
{Threei} if you look at SQNM, you will see a big gapper,
{Threei} that consolidated for a while, then continued its run against all odds
{Threei} Now, ask long time room members
{Threei} how many times we saw and utilized this pattern
{Threei} even magoo who has serious case of alzheimers will tell you
{Threei} that he manages to remember about it when he sees big gapper
{Threei} It's all about seeing recognizable situation and applying the algortythm you have for it
{kazaam} i think ones i learn the basic patterns this room follows I will be alittle more comfortable
{kazaam} so much information
{Threei} sure, and trust me, they are very easy to identify
{kazaam} i am used to 1 chart, 2 patterns, trade
{Threei} ABK
{Threei} RESPONDS TO MOODY'S COMMENTS
{Threei} scond round of self-applauding
{Threei} DISAPPOINTED IN DECISION, REAFFIRMS HAS NO ADDITIONAL PLANS TO RAISE CAPITAL
{Threei} - disappointed by the Moody's announcement, particularly in light of the significant progress we have made to strengthen our capital position and refocus our business. Since March, we have raised $1.5 billion of capital bringing our claims paying resources, as calculated by Moody's, to approximately $15.3 billion; an amount which we believe satisfies Moody's target Aaa capital requirements as of March 31, 2008.
{Threei} - anticipating a $500 million capital cushion by the end of the second quarter
{Threei} - will continue to work aggressively to monitor and manage our portfolio and optimize capital allocation for the benefit of our shareholders and clients. The Board and management continue to explore all strategic alternatives and remain confident of the strong business value embedded within our enterprise.
{Threei} - CEO: Outside the mortgage-related exposures, the remainder of our portfolio is performing well, and in line with our expectations. We have presented Moody's with concrete near-term plans to deploy our people and expertise in the municipal market via our already-licensed, Connie Lee vehicle.
{Threei} in other words, two nice and fuzzy sheep are being harrassed by big bad moody
{magoo} so what does SQNM do?
{Threei} makes money for us
{Threei} good enough for an answer?
{Threei} oil 122.5?
{Chaeron} SQNM - Sequenom Inc., genetic analysis products
{Threei} hah
{Threei} I would haven been happy to say I contributed to genetic research today... but having sold I rpobably can't brag about it, can I?
{_rant} qid
{_rant} .93
{magoo} daily 2:30 smack down
{kazaam} did this room at one time only trade Nasdaq?
{Threei} yes
{Threei} we started adding listed stocks with ECN introduction on NYSE and AMEX
{Threei} that made executions as sure and lightening as on NASDAQ
{Chaeron} now we even trade porkbellies... Threei's favorite - bacon :)
{Threei} I have hard time trading it though
{Threei} I eat what I buy
{Threei} which is not very profitable
{kazaam} heh
{Threei} you should see some NYSE executions before ECN time
{Threei} instead of immediate fill once you click, time goes, nothing happens,
{Threei} then you either get your fill if stock moved against you
{Threei} or left out in the cold if it moved in your favor
{Threei} and when you click Cancel, they think for a while
{Threei} before granting you your wish
{Threei} Interestingly enough, when first talks surfaced about diluting specialist system with ECXNs and direct electornic executions
{Threei} specialists were up in arms
{Threei} I opined back then that in couple years they will be like dinosaurs
{kazaam} i didnt know execution was the reason for trading Nq only stocks, is NYSE mostly ECN execution now? or only a minority of issues?
{Threei} most of them
{Threei} everything I watch is infested with ECNs like Winnipeg with mosquitos
{Threei} that was major reason... electronic fill, garanteed if there are shares at your price on NASDAQ
{Threei} vs live specialist than gets your order
{Threei} and thinks whether he wants to give your shares to you or not
{Threei} TASR
{Threei} ARIZONA SUPREME COURT DENIES PETITION FOR REVIEW IN PRODUCT LIABILITY CASE AGAINST TASR
{Threei} - The Supreme Court's action lets stand a Court of Appeals decision to uphold a Maricopa County Superior Court jury's verdict in favor of TASER International in a product liability lawsuit brought forth by the former Maricopa County Sheriff's deputy.
{dino} netl stopped -.24
{dino} nyx l .20, stop .88
{_rant} r u short or long
{Threei} l = long
{_rant} ah
{Threei} dino speaks in codes
{Threei} and says if you don't understand me you are not worthy
{dino} llol
{Threei} I tried his approach by telling my wife it was not her business (she asked what I wanted for dinner)
{Threei} didn't really work out very well
{Threei} FED'S BERNANKE: INFLATION SIGNIFICANTLY HIGHER THAN WHAT THE FED WANTS, LONGER TERM INFLATION EXPECTATIONS RISING; PRICE STABILITY IS TOP PRIORITY FOR FED
{Threei} - Sees some echoes of 1970s, but repeat of wage-price spiral is unlikely
{Threei} - Notes that US has 'serious' oil shock, rising food, subpar growth
{Threei} - Remarks that the Fed is responsible for stable prices over medium term, large decline in economy's energy intensity helps reduce shock of higher prices
{dino} back in 15
{Threei} let's translate this:
{Threei} large decline in economy's energy intensity helps reduce shock of higher prices
{Threei} losing manufacturing jobs to overseas is a good thing, we need less energy
{Threei} why not go all the way and says, grounding airlines and putting cars on driveways is even better
{kazaam} are there any other stocks like RIMM that are traded very actively with decent volitility?
{magoo} like aapl
{Threei} RIMM and AAPL are permanent residents
{Threei} sometimes others added when some event gives them a puish
{kazaam} so LEH would be an example of that?
{Threei} SNDK often moves nicely, although range is less
{Threei} yes, totally
{Threei} KLAC often moves nicely
{Threei} BRCM and NVDA used to, we played them often
{Threei} not so much these days
{kazaam} yeah, back when i was trading WIZETRADE, i was losing money on NVDA and BRCOM
{Threei} woohooo
{Threei} green light red light!
{Threei} what a ripoff
{kazaam} hah, yep, thats how i got started, lost 1000 bucks and said no more
{Threei} in a few days, when you get your package
{Threei} in MPP you will see detailed explanation why it could never work
{dino} nyx stopped -.33
{kazaam} will be interesting to read about that, i coded some systems in Tradestation (not profitable systems) and I started to see exactly why it can't work
{dino} onxx l .00
{Threei} mildly interested in ZIXI
{Threei} nice break of 3 and nice move after, don't want to chase
{Threei} but if pulls back closer to 3, will consider
{dino} .02 too close nyx
{Threei} try to guess what MBI CEO could say
{Threei} right:
{Threei} CEO: NOT SEEKING TO RAISE CAPITAL AT THE MOMENT, CAN NOT RAISE CAPITAL WITH FULL KNOWLEDGE OF MOODY'S GUIDELINES
{Threei} LEH
{Threei} US OFFICIAL: FED AND SEC ARE IN DAILY CONTACT WITH LEHMAN
{Threei} why, if everything is so hunaky-dory?
{magoo} now is that to be interpretted "goood"
{Threei} I would classify it as worrisome
{Threei} but then again, I am a worry-wart: having less than 2 packages of bacon in the fridge is worrisome for me
{Chaeron} stock the freezer... it' keeps forever
{peterg} Hormel Microwaveable bacon!
{kazaam} i gotta jet early, see everybody tomorrow, adios!
{Chaeron} bye kaz
{Threei} take care kazaam
{magoo} bye kaz
{dino} later kazzer
{dino} kop s .92 stop .03
{dino} out onxx .08, +.08
{Threei} conflicted about ZIXI
{Threei} held 3.10
{Threei} tagged high again
{Threei} everything looks fine... I just am not sure I want to take it overnight
{Threei} probably let's just watch it tomorrow for another chance
{Threei} also, VVUS
{Chaeron} I like saying the name :) ZIXI.....
{Threei} hehe
{Threei} if finishes and opens about here, will be inetrested in 7.10 break
{Threei} trailing QTWW stop for the balance to .55
{dptl} have a good evening all....ty ..good day:)
{Threei} whew
{Threei} I was afraid I had to send dp a box of tissues
{Threei} and I hate waste money on tissues when there is a perfect solution in a form of sleeve
{dptl} lol...big boys never cry
{Threei} no??
{Threei} I gotta stop then
{dptl} :)
{dino} later dp
{Threei} Ok guys, thank you all
{Threei} have a good evening, see you tomorrow
{magoo} ty vad
{dino} cya
{Chaeron} 7.10 hitting on VVUS... wait for manana?
{dino} stop kop .99, -.07
{dino} thats all, thanks
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