Session Time: Mon Apr 21 00:00:00 2008
[08:03] {Threei} CAAS
[08:03] {Threei} RECEIVES $35 MILLION FROM PRIVATE PLACEMENT AND RECEIVES GOVERNMENT APPROVAL FOR HENGLONG ACQUISITION
[08:34] {Threei} 04/21/08 08:15am
[08:34] {Threei} [JASO] JA Solar Holdings Signs long-term wafer supply agreement with GCL Silicon Technology
[08:34] {Threei} - Under the agreement, GCL Silicon Technology will supply a total of approximately 6,000 MW of silicon wafers to JA Solar from April 2008 to December 2015 at predetermined prices.
[08:34] {Threei} - Delivery of wafers has commenced in the current month.
[08:58] {Onix} Good morning pilgrims
[09:00] {dino} gm all
[09:03] {GeoArb} gm all
[09:03] {fernp} good morning
[09:04] {Threei} morning guys
[09:04] {Threei} welcome back dino
[09:05] {dino} ty
[09:23] {magoo} mornink
[09:23] {markweb} good morning all
[09:23] {Threei} magoo :)
[09:23] {Threei} mark :)
[09:24] {markweb} :)
[09:24] {magoo} dino back boyz
[09:24] {Threei} you are not misbehaving anymore?
[09:25] {magoo} well...........
[09:31] {bruce} strange - no discussion showing at all this am
[09:31] {GeoArb} yeah same here
[09:31] {Threei} ?
[09:32] {GeoArb} usually when i login all previous vomments visible
[09:32] {magoo} they mean replay vad..no replay today
[09:32] {bruce} my comment is first thing displayed vad
[09:32] {GeoArb} heheh comments
[09:32] {Threei} oh
[09:32] {dino} sm s pgr .60, stop .03
[09:32] {bruce} vomments?- glad i missed those
[09:33] {Threei} lol
[09:34] {Threei} very quiet opening
[09:36] {Threei} IMCL
[09:36] {Threei} long half lot 4.30
[09:38] {Threei} stop for scalpers under 4.15
[09:38] {Threei} for day traders under 47
[09:38] {bruce} 47.30 for imcl?
[09:39] {Threei} was
[09:39] {Threei} scalpers have 1:1
[09:39] {bruce} k - easily confused here
[09:39] {magoo} is imcl stopped, just had office visitor interruption?
[09:40] {Threei} ascending triangle on 1 min, high 47.28 at the moment
[09:40] {Threei} hh?
[09:40] {Threei} wake up guys
[09:40] {magoo} never moind
[09:40] {GeoArb} out half at .51
[09:41] {Threei} daytraders have 1:1
[09:45] {ThurstonHowellTheThird} hello?
[09:46] {Threei} hi thtt
[09:46] {bruce} sorry vad - say the 4.30 entry call and thought I must be looking at wrong stock
[09:47] {Threei} fast typing on a fast stock, trying to get alert out in time... I don't show price, magoo shoots me
[09:47] {GeoArb} i was happy just to see the decimal
[09:47] {GeoArb} and hotkyed in
[09:47] {GeoArb} found error later :)
[09:48] {Roman}
21 CROX
[09:48] {Roman}
21 off 10.50
[09:48] {Roman}
21 long
[09:49] {Roman}
21 SIRF long setup small
[09:50] {Threei} lol
[09:50] {Threei} FED'S EVANS: NOT DISCUSSING ECONOMY OR MONETARY POLICY
[09:50] {Threei} why do you speak at all?
[09:52] {bruce} what you think of jaso long retrace entry here vad?
[09:52] {dino} sm s cwei .80, stop .17
[09:52] {Threei} not delighted bruce
[09:53] {bruce} k-
[09:55] {magoo} aapl feels like its gonna explode to upside
[09:55] {Threei} BRCM
[09:56] {Threei} meant .50 break but it went through while typed
[09:56] {Threei} if lets us in on a slight pullback, long with stop under .35
[10:01] {pita} too late to enter BRCM?
[10:02] {Threei} NASDAQ is downticking right now
[10:03] {Threei} let BRCM form new setup
[10:05] {Threei} too jerky, not sure there is a safe entry on it
[10:07] {Threei} CALM
[10:07] {Threei} half lot long .75
[10:07] {Threei} if holding above .50
[10:09] {markweb} spred 10c?
[10:09] {Threei} that's why half lot
[10:09] {dino} cwei stopped -.40
[10:09] {markweb} k
[10:12] {Threei} CPST 3.04 long, 2.94 stop
[10:14] {Threei} OPEC SEC GENERAL: WOULD NEED TO SEE INVENTORY DECLINE, DROP IN SUPPLY FOR OPEC TO CONSIDER OUTPUT INCREASE
[10:15] {bruce} cpst onlyh has 15 to 30 av daily range vad - still worht playing?
[10:15] {Threei} with 52 week high break, sure
[10:16] {GeoArb} aha sneaky scanner
[10:16] {bruce} k
[10:16] {Chaeron} GM all
[10:16] {Threei} chaeron :)
[10:16] {Threei} CPST is a slow one
[10:20] {dino} aldn sm l .51 stop .17
[10:21] * Chaeron slaps magoo around a bit with a large trout
[10:21] {bruce} etn possible long near here dino
[10:23] {dino} y, like it but not yet, imo
[10:23] {bruce} k - thinking .80 area
[10:23] {fernp} CMCSA possible short
[10:26] {Threei} wow IMCL
[10:26] {dino} aldn stopped hmmm
[10:30] {judijim} good morning all
[10:30] {Threei} jj :)
[10:30] {judijim} I see your response vad but nothing else?
[10:31] {Threei} replay is not working
[10:31] {judijim} OK we'll wait for fix
[10:31] {Threei} they need to reset the server to fix it, so not going to happen until after market
[10:32] {Threei} SBAC .90 break long
[10:32] {Threei} if stays above .75
[10:33] {dino} etn we missed sorry bruce
[10:34] {dino} aldn last try l .00, stop lod
[10:35] {bruce} yes - we'll find more dino
[10:39] {dino} etn just waiting at .02, if it gets there, fine
[10:40] {dino} bolt sm l ave .23
[10:40] {magoo} l aapl here 163
[10:40] {magoo} risky half
[10:40] {dino} pgr stopped -.05
[10:43] {Threei} SBAC stop to .79
[10:44] {magoo} out aapl .24
[10:44] {magoo} + .24
[10:44] {Threei} wtg
[10:45] {dino} gj
[10:45] {magoo} it wants alot higher imo
[10:47] {Threei} SNDK .50 long if stays above .35
[10:47] {dino} etn l .02
[10:48] {Threei} if sets up from here, stop .39
[10:50] {magoo} in .48
[10:51] {fernp} in .48
[10:51] {Chaeron} I suck.. in .51
[10:52] {Threei} 1:1 reached in any case
[10:52] {magoo} waiting .73
[10:53] {fernp} out .70
[10:53] {magoo} took .70 TY vad
[10:53] {Threei} welcome
[10:53] {fernp} TY Vad
[10:54] {jmb} thanks vad
[10:54] {Threei} :)
[10:54] {Threei} 1:2
[10:54] {Chaeron} .69 here many thanks Vad
[10:55] {magoo} .69? u suk he he
[10:56] {Chaeron} tell me about it :)
[11:07] {magoo} l aapl 163
[11:07] {magoo} sorry..as i typed
[11:08] {Chaeron} heheh... Threei sitting back in chair saying, " Not so easy to make calls, huh? " :)
[11:09] {Threei} lol
[11:09] {magoo} lol
[11:14] {Threei} SBAC is moving nowhere annoyingly fast
[11:14] {magoo} i feel market goes green...just a feeling
[11:14] {Threei} but it held well while NASDAQ retreated
[11:14] {Threei} with with .79 stop I am comfortable holding it
[11:18] {magoo} .20 cents in aapl..u on your own
[11:19] {magoo} i still in
[11:23] {bruce} tried a laser autostop in aldn this am - didn't fire even 20c below stop level - obviously can't be trusted
[11:24] {Threei} via OMS?
[11:24] {magoo} really?
[11:24] {bruce} you bet mags
[11:24] {bruce} yep
[11:24] {bruce} oms
[11:25] {bruce} stop was .01
[11:25] {bruce} stock hit .75 and still hadn't fired
[11:25] {bruce} disabled it and exited manually
[11:25] {ThurstonHowellTheThird} thats happened to me a few times...but I think that happens with most execution software
[11:26] {ThurstonHowellTheThird} can't be trusted
[11:26] {bruce} too bad - would be nice to know you can take a bathroom break with a trade on and not have to worry about getting killed
[11:26] {Threei} bruce, can you sent me the settings you use for a stop?
[11:26] {Threei} want to test it
[11:26] {ThurstonHowellTheThird} I think it works better with thick stocks
[11:28] {dino} most do
[11:28] {bruce} action buy - speed fixed - price indicator - stop - price 16.01
[11:28] {bruce} those were settngs vad
[11:28] {bruce} severl trades executed below those levels
[11:28] {Threei} buy?
[11:29] {bruce} yes -
[11:30] {bruce} if had made mistake and set sell it would have added shares since was at 26. 30 when I entered trade
[11:30] {bruce} not big hit - traded it small - very disappointing though
[11:31] {Threei} I am lost
[11:31] {Threei} you were setting a stop for long position?
[11:31] {bruce} would like to have multiple trades on with some safeguard against huge market move
[11:31] {bruce} yes
[11:31] {Threei} so how can it be buy?
[11:32] {bruce} sheesh - sorry - it was a sell stop
[11:33] {Threei} you sure you are not making this mistake when entering it?...
[11:33] {Threei} you just gave an expkanation to why buy and not sell
[11:33] {bruce} yes - neterd and set stop after
[11:34] {magoo} aapl should blast off here...RISKY
[11:35] {Threei} jj, look dcc please
[11:36] {bruce} it was long trade
[11:36] {bruce} set sell stop below entry
[11:37] {bruce} just turned it back on and sure enough it sold
[11:38] {magoo} .30 cents on second aapl {blast off call}
[11:38] {magoo} took .07
[11:41] {bruce} nice one mags
[11:42] {bruce} any read on .63 long nvda beak vad?
[11:45] {Threei} tough one, not sure
[11:45] {Threei} tried OMS stop on SBAC, wortked like charm
[11:45] {bruce} k - heavy resistnace there for sure
[11:46] {dino} aldn stopped -.28, done w/it
[11:46] {bruce} sometimes works - sometimes not - fired for me a momeent ago when I accidentally turned it on
[11:48] {ThurstonHowellTheThird} in the past I remember it giving me some sort of error message on some really thin-fast stocks
[11:49] {bruce} you use laser too thtt?
[11:51] {ThurstonHowellTheThird} yes
[11:52] {bruce} k
[11:52] {ThurstonHowellTheThird} I used TWS on IB before and had similiar issues with their stops as well
[11:54] {ThurstonHowellTheThird} also on swiftrades's prosperpro
[11:55] {bruce} k- so you think it may have to do w depth of stock ? aldn definitely a thin one
[11:56] {ThurstonHowellTheThird} yes , thats my theory...
[11:56] {dino} same here bruce, also, on nyse's it happens more
[11:57] {judijim} be back after "lunch" break
[11:57] {bruce} k-
[11:57] {bruce} yes thought so dino aldn was nas though - figurd it would be good
[11:59] {dino} but bid/ask were spready
[12:00] {dino} l tecua .17 sm
[12:00] {Threei} shakout SBAC
[12:11] {Threei} RIMM 123.10 long if stays above 122.90
[12:13] {Threei} 1:1 in a hurry
[12:14] {Threei} I even managed to spell out whole numbers
[12:15] {Threei} 1:2
[12:15] {jmb} thanks vad
[12:15] {Threei} jmb :)
[12:15] * Threei slaps magoo around a bit with a large trout
[12:16] {Chaeron} hit me too... I missed :(
[12:16] {Threei} nope... your punishment is wait for a slap and never get it
[12:17] {Chaeron} lol
[12:17] {Threei} FEED...
[12:18] {Threei} thing looks ready to explode... but risky as hell
[12:20] {Threei} for adrenalin deprived... if 18.11 is eaten
[12:42] {dino} nxst
[12:49] {Threei} anyone went for FEED, feel free to take profit and change your diapers
[13:07] {Threei} just 4 cents till CPST reaches 1:1,
[13:08] {magoo} 4 cents and 4 hours he he
[13:08] {Threei} and with blazing speed it moves, risking to burn its skin, it may even happen this millenium
[13:08] {Threei} but don't count on it too much
[13:08] {Threei} next millenium is just as likely
[13:13] {magoo} vad, what quote server u using?
[13:13] {Threei} 12
[13:13] {magoo} ty
[13:22] {dino} tecua stop to .57
[13:27] {dino} out tecua .67, +.50
[13:27] {Threei} wtg
[13:27] {patience} nice dino
[13:27] {dino} ty, i started rough
[13:28] {dino} eqix
[13:34] {Threei} watching AAPL
[13:34] {Threei} if holding above .50 and NQ resumes upward, will be worth a shot
[13:35] {Threei} if go for it keep stop under .50 plus a few cents padding
[13:38] {judijim} we just scalped for .11 plus
[13:38] {Threei} :)_
[13:40] {dino} etn stop to .42
[13:41] {dino} out etn .47, +.45
[13:42] {bruce} nice ne dino
[13:42] {dino} took awhile but no danger
[13:43] {dino} tbsi
[13:44] {dino} s .52
[13:53] {GeoArb} back...was entrusted with kid duties
[13:53] {GeoArb} making money without me?
[13:53] {Threei} will you forgive us for that?
[13:53] {dino} the kids were, wow?
[13:54] {GeoArb} heheh
[13:57] * Threei slaps dptl around a bit with a large trout
[13:57] * magoo slaps dptl around a bit with a large trout
[13:57] {dptl} good morning ..or good afternoon all.....lol
[13:57] {Threei} thtt... don't sleep at the wheel
[13:57] {Threei} oh hi dp
[13:57] * ThurstonHowellTheThird slaps dptl around a bit with a large trout
[13:58] {Threei} haven't noticed you there
[13:58] {ThurstonHowellTheThird} sorrry.....was eating
[13:59] {dptl} :)......enything left for me and no playback for some reason
[13:59] * ThurstonHowellTheThird slaps dptl around a bit with a large trout
[13:59] {ThurstonHowellTheThird} there that was the last one
[14:05] {Threei} AAPL .51 long
[14:05] {Threei} .35 stop
[14:07] {magoo} in aaplk
[14:08] {dino} cov tbsi .12, +.40
[14:10] {Threei} NQ downticks sharply, AAPL stays near trigger
[14:11] {Threei} hopefully it's a shakeout by NQ so it reverses quickly
[14:11] {Threei} then we have good one
[14:14] {Threei} touched on 1:1, now touched on stop
[14:14] {Threei} whatever you did, took profit or got stopped is justified by AAPL
[14:14] {dino} bolt stopped .85 -.38
[14:22] {Threei} BRCM is holding quite well
[14:23] {Threei} no play yet but gotta keep an eye on
[14:26] {magoo} i like RIMM here long
[14:26] {magoo} .8
[14:33] {magoo} out rimm .20 + .40
[14:33] {Threei} beautiful spike
[14:33] {dino} etn l .10, stop lod
[14:34] {Threei} chaeron, dcc please
[14:35] {Chaeron} why, am I in trouble?
[14:36] {Threei} aren't you always
[14:41] {Threei} NQ 1910 break should launch next leg up
[14:43] {dino} out etn .50, +.40
[14:43] {Chaeron} nice dino
[14:44] {dino} ty
[14:45] {Threei} broke
[14:45] {magoo} nice read vad
[14:46] {dino} wsci
[14:50] {dino} thmd, thin
[14:57] {dino} thor
[14:57] {Threei} THOR
[14:57] {Threei} FDA APPROVES THORATEC HEART ASSIST DEVICE - FILING
[15:02] {bruce} out eca on spike +.31
[15:02] {magoo} surprised AMZN did not participate today..really powered up into bell friday
[15:03] {Threei} good one bruce, wtg
[15:03] {magoo} when AAPL report anyone?hawk?
[15:03] {bruce} thanx vad
[15:03] {bruce} lucky
[15:03] {hawkfan4} 4/23/08 Q2 2008 Apple Inc. Earnings Release After Market Closes
[15:03] {hawkfan4}
[15:05] {dptl} brcm+.13 ty
[15:05] {Threei} :)
[15:05] {magoo} TY hawk..how about RIMM and AMZN ?
[15:06] {hawkfan4} RIMM already out 4/2, and AMZN same as AAPL
[15:06] {magoo} THANX
[15:06] {hawkfan4} np :)
[15:06] {magoo} EXPLOSIVE then wed nite
[15:12] {Threei} RIMM is now above the price it hit on earnings day
[15:16] {magoo} i dunno.thois market feels real strong to me overall...
[15:16] {bruce} riim wouldhave been great hold play back in feb on double bottom
[15:16] {bruce} up 50% from thre\
[15:18] {Threei} now all we need is a time machine
[15:18] {dino} teloz
[15:19] {bruce} lol - yes
[15:20] {bruce} you still in etn dino?
[15:21] {magoo} there is a big difference between AAPL and GOOG report setups tho
[15:21] {magoo} anyone know?
[15:22] {dino} no, see abovehit it twice, ty btw you found it
[15:22] {magoo} c'mon someone
[15:22] {bruce} yes - paid out nicely
[15:26] * magoo slaps Chaeron around a bit with a large trout
[15:26] * magoo slaps bruce around a bit with a large trout
[15:26] * magoo slaps Raven around a bit with a large trout
[15:27] {Threei} feels like one more retreat to shake out, then another explosion
[15:28] {magoo} watching AAPL vad
[15:29] {dino} risky, sm s thmd .80
[15:30] {magoo} u got a read aapl here?
[15:30] {Threei} RIMM holding a bit better
[15:30] {Threei} both are good candidates though
[15:31] {magoo} plus mkt going down a lil
[15:31] {Threei} that's what I said above... let it shake out and show readiness for another spike
[15:32] {magoo} make the call..u got the ball :)
[15:32] {dino} cavm one more spike feels like
[15:32] {Threei} it's not price based
[15:32] {Threei} pure NQ following
[15:35] {magoo} in .28
[15:36] {magoo} out no gop
[15:38] {Threei} RIMM does move better
[15:40] {Threei} another spike is coming
[15:40] {Threei} this time without shake
[15:41] {Threei} RIMM will take .50 in a jiffy
[15:41] {dino} thmd bstop to b/e
[15:42] {Threei} here is jiffy
[15:46] {bruce} calling it a day
[15:47] {Threei} take care bruce
[15:47] {bruce} see you folks wed - out tomorow
[15:47] {bruce} thanx vad
[15:47] {Threei} did snow hit youe area?
[15:48] {Threei} oops, late
[15:51] {Threei} FEED new hod
[15:51] {Threei} anyone played it earlier?
[15:53] {dino} thmd bstop to .68, gone at close no matter what
[15:54] {Threei} wow, THOR sll the way back
[15:55] {dino} cov w/slip, ave .70, +.10
[15:55] {dptl} have a good evening all :)
[15:56] {dino} thanks all, hope i didn't hurt anyone in the a.m...p.m. worked out tho
[15:56] {Threei} FEED will be a subject of interest tomorow as well
[15:58] {magoo} any big reports tonite?
[15:58] {Threei} nope
[15:59] {judijim} we're done for today, not a good day, - - but we'll be back tomorrow, take care all jj
[15:59] {Threei} thank you aall
[15:59] {magoo} TY vad
[15:59] {Threei} have a good evening, see you tomorrow
[16:01] {magoo} good nite all
Monday, April 21, 2008
Friday, April 18, 2008
Apr 18 2008
Session Time: Fri Apr 18 00:00:00 2008
[08:22] {Threei} OIL SURGES AS INVESTORS HUNT AN 'ANTI-DOLLAR' - AMBROSE EVANS-PRITCHARD AT THE TELEGRAPH
- "There is some evidence that Opec has actually cut output by 350,000 bpd since the start of the year - a hostile move in the current climate. It blames the latest spike on "speculators", claiming that world demand will fall 1.4m bpd to 85.7m this quarter as the US grapples with recession."
[08:26] {hawkfan4} good morning
[08:26] {Threei} hawk :)
[08:29] {Threei} so far just what I hate... huge gap up
[08:30] {hawkfan4} and on options friday, not very promising
[08:30] {Threei} ah well
[08:31] {Threei} that was not my stellar week by any standard
[08:31] {Threei} can just as well finish it on mediocre note :)
[08:32] {hawkfan4} lol :) mediocore friday
[08:43] {fernp} gm
[08:43] {magoo} morn
[08:43] {Threei} fernp, magoo :)
[08:53] {Threei} 07:59am [OSTK] Reports Q1 -$0.17 v -$0.32e, R $200.7M v $168.9Me
[08:56] {Onix} Good morning
[08:56] {Threei} onix :)
[08:57] {magoo} vad..from all your experience..wouldn't you think goog will at least have some kind of pullback near opening bell or after bell?
[08:57] {magoo} 82 points
[08:57] {Threei} this is a total coin toss mags...
[08:57] {Threei} look at it this way
[08:58] {Threei} GOOG makes such big moves that it's practically impossible to tell meanignful move from simple uptick/downtick
[08:58] {Threei} where normal stock would get 10 cents pullback, GOOG will make 3-5 bucks one
[08:58] {magoo} but...some poeople got to want to lock that in
[08:59] {Threei} you can manage risk with 10 cents pullback
[08:59] {Threei} can you do the same with 5 bucks pullback?
[08:59] {Threei} its noise has magnitude much bigger than our usual meanigful moves
[09:00] {Threei} you can't trade noise because there is no read to it
[09:00] {Threei} and you can't trade its normal signals because noise exceeds your risk tolerance
[09:00] {Threei} this makes this stock simply untradeable to me
[09:01] {Threei} don't look at it from the point of view of what its chart says... look at it from risk management point of view
[09:01] {Threei} you may get lucky and hit big payoff
[09:01] {Threei} you get unlucky, your loss exceeds your worst nightmare
[09:01] {Threei} in my world it's called gambling
[09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:03] {Threei} to give you further idea about how I approach this, think of our trades on RIMM?AAPL/AMZN in the following terms:
[09:03] {Threei} while we have overall positive experience with them
[09:03] {Threei} our shakeout rate is bigger on them than on your garden variety stock
[09:03] {Threei} why?
[09:04] {Threei} because the only way to stay positive on them is
[09:04] {Threei} to control your risk tight, hunt for the most favorable conditions and try to hit at the right moment.
[09:04] {Threei} However with this comes being shaken out more often on noise
[09:05] {Threei} because their noise is bigger than on garden-variety.
[09:05] {Threei} Now, this signal-to-noise ratio
[09:05] {magoo} true..and size down
[09:05] {Threei} is beyond average on these
[09:05] {Threei} which is exactly the reason for frequent shakeouts
[09:06] {Threei} yet when they do move for us
[09:06] {Threei} they post nice gains that keep us in green overall.
[09:06] {Threei} So when you look at trading them as a process vs separate events, it's a valid way to trade them.
[09:06] {Threei} But, their noise is about max we can handle
[09:07] {Threei} GOOG is way beyond that
[09:07] {Threei} so is BIDU
[09:07] {magoo} and POT
[09:07] {Threei} POT is somewhere inbetween RIMM/AAPL and GOOG/BIDU
[09:07] {Threei} [09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:08] {Threei} sure... but why 40?
[09:08] {Threei} it went up yesterday over 50, andf that was still not all
[09:08] {Threei} how do you tell 40 from 35 or 45 on a stock that makes "meaningful" move of 40 points and then noise part of it 5 more?
[09:09] {Threei} and with noise you can't tell direction
[09:09] {Threei} you hit it at -40, it makes 5 more as a noise
[09:09] {Threei} before reversing.
[09:09] {Threei} You are right chart wise, yet you get hit with nasty loss
[09:09] {Threei} not my cup of tea...
[09:10] {magoo} i see your point
[09:12] {Threei} it's just that for me risk management goes first
[09:12] {Threei} and I cannot for the worlkd of me manage risk effectively on this stock
[09:13] {markweb} good morning all
[09:13] {Threei} mark :)
[09:13] {markweb} :)
[09:15] {cosmo} goog morning
[09:15] {Threei} you bidu us goog morning?
[09:16] {cosmo} ..?....ah....yes.... of course
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:18] {tomg} gm all, room is going to POT :)
[09:18] {cosmo} hmmm
[09:19] {Threei} did tom just call us grow-op?
[09:19] {tomg} goog morning, vad, grow-op?
[09:19] {cosmo} can tom deliver?
[09:20] {tomg} ha!, good one cosmo
[09:20] {cosmo} :)
[09:20] {Threei} those hidden marijuana grow operations tom :)
[09:20] {tomg} earthquake this morning destroyed my crop
[09:20] {tomg} ah, ok
[09:21] {GeoArb} gm all
[09:21] {esemde} bruce cos dp fern geo hawk jmb mags mark onix patience tom martin and VAD....good morning....
[09:22] {markweb} ese:)
[09:23] {GeoArb} a below average week for me
[09:23] {GeoArb} and option friday
[09:24] {patience} morning ese and rt :)
[09:26] {cosmo} OSTK
[09:26] {Threei} geo, ese, patience :)
[09:27] {Threei} geo... from earlier:
[09:27] {Threei} [08:29] {Threei} so far just what I hate... huge gap up
[09:27] {Threei} [08:30] {hawkfan4} and on options friday, not very promising
[09:27] {Threei} [08:30] {Threei} ah well
[09:27] {Threei} [08:31] {Threei} that was not my stellar week by any standard
[09:27] {Threei} [08:31] {Threei} can just as well finish it on mediocre note :)
[09:27] {GeoArb} i read a great line in trading in zone
[09:27] {GeoArb} most traders experiences/feelings consist of the last couple of trades
[09:28] {Threei} SUSQUEHANNA CUTS POZN TO NET NEUTRAL FROM NET POSITIVE
[09:28] {GeoArb} professions look at last several 100 or something like that
[09:28] {GeoArb} professionals
[09:28] {Threei} yup... that's why I emphasize so often: view trading as a process, not as event or series of events
[09:29] {GeoArb} i did reduce my size though
[09:29] {GeoArb} i dont want consistent worst case to put me out of business :)
[09:31] {Threei} watching BRCM
[09:32] {Threei} need pullback to form the setup
[09:33] {Threei} yeah right
[09:33] {Threei} NFLX
[09:33] {Threei} half lot long .90
[09:33] {Threei} stop under .60
[09:34] {Threei} probably even less than half lot, considering slippage
[09:35] {bruce} cien looks long vad
[09:35] {Threei} NFLX invalidated
[09:35] {Threei} CIEN, 32 long bruce, yes
[09:37] {bruce} erts also looking strong - need pullbadck
[09:40] {Threei} BRCM better
[09:40] {Threei} may try aggressively here
[09:40] {Threei} with tight stop under .60
[09:40] {Threei} odds are 50/50, rather risk based setup
[09:41] {bruce} brcm stop 48 or wso?
[09:41] {Threei} if loses .60, look for another entry point closer to .40
[09:41] {magoo} full lot?
[09:41] {esemde} OSTK.....missed it
[09:41] {Threei} let it show strength first
[09:41] {Threei} yes, full lot, too tight stop
[09:42] {Threei} CIEN triggered
[09:42] {Threei} for scalpers stop .89, for daytrade .79
[09:46] {Threei} CIEN 1:1 for scalpers
[09:46] {esemde} FISV.....missed this as well....findingthings to late
[09:46] {Threei} no strength yet NQ
[09:46] {Threei} debating BRCM entry here
[09:47] {magoo} take look at RIMM vad
[09:47] {bruce} l brcm .38
[09:48] {Threei} beautiful entry bruce
[09:48] {Threei} I overthought it
[09:49] {Threei} RIMM looks like time to try it
[09:49] {Threei} stop under .60 if you got it
[09:50] {Threei} CIEN 1:1 for daytraders
[09:51] {Threei} notice how CIEN is oblivious to market weakness?
[09:52] {fernp} out CIEN +.22 Thanks Vad
[09:52] {bruce} thanx vad - topped +.02c didn't want to let it go against me
[09:52] {esemde} was just looking at CIEN....
[09:52] {Threei} mags
[09:52] {Threei} look at GOOG
[09:53] {Threei} by normal measurements, 528 is long setup
[09:53] {Threei} don't trade it
[09:53] {Threei} observe
[09:53] {magoo} i have been observing..ty
[09:53] {Threei} there.. can you hanbdle such voaltility?
[09:54] {Threei} it breaks, immediately drops 50 cents
[09:54] {bruce} sheesh cien - missed entry playing brcm
[09:54] {bruce} hope some of you got it
[09:54] {Threei} then jumps full dollar
[09:55] {esemde} just missed ADSK as well hmmmmmm
[09:55] {dptl} cien +.10 +.20 ty
[09:55] {esemde} can't get orders in quick enough when i see something
[09:55] {Threei} anyone strill holding CIEN?
[09:56] {esemde} this is not going to be my day....
[09:56] {Threei} just asking in case further read is needed
[09:56] {markweb} pl
[09:56] {Threei} who is pl?
[09:57] {Threei} short version of dptl?
[09:57] {markweb} pl read
[09:57] {Threei} ah
[09:57] {Threei} .30 is next barrier to break, stop is .09 for the balance,
[09:57] {Threei} if it breaks .30, low of this pullback becomes next level to trail stop to
[09:59] {esemde} bstop ADSK .91 1/2 lot
[10:00] {Threei} stop under .80 ese?
[10:00] {Threei} or you want .60 as support?
[10:00] {esemde} yes
[10:00] {esemde} not filled yet though
[10:00] {esemde} na under .80 is god for me
[10:01] {Threei} yeah... with this market gap, option expiration and overall Friday-ness, keep it tight and book profits
[10:01] {esemde} pattern straight out of your book Vad...
[10:02] {Threei} I have a book?
[10:02] {Threei} people keep telling me that...
[10:02] {esemde} might go for the quick hit as well and increase to full lot
[10:02] {Threei} it's under support...
[10:02] {esemde} Adsk invalidated for me now.....
[10:03] {esemde} was looking OK for one breif moment in time
[10:04] {esemde} ADSK following the NDX down
[10:05] {Threei} DLTR, watching for pullback closer to 30 for entry
[10:05] {Threei} BOOM
[10:05] {Threei} TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING
[10:06] {Threei} XIDE again
[10:06] {Threei} .45 half lot long
[10:07] {Threei} CIEN stop to .14 mark
[10:08] {markweb} ty out @.33
[10:08] {bruce} out cien +.20
[10:08] {bruce} unabl;e to post - went long at .19 w 5 c stop
[10:08] {markweb} ty vad
[10:08] {markweb} ty bruce
[10:08] {bruce} welcome mark
[10:09] {Chaeron} hi all
[10:09] {Threei} chaeron :)
[10:10] {Threei} XIDE stop under .30
[10:10] {esemde} CCCCHHHHHHH BAAAAABY!!!!!!!!
[10:10] {Chaeron} ese!!!!!!! -
[10:10] {Chaeron} heheh
[10:11] {esemde} very vocal in support of chaeron.......when i first came on this board CH was the guy getting slapped around the most with the trout
[10:11] {esemde} felt sory for him
[10:11] {Threei} laserdave must have been on vacation at the time
[10:11] {Chaeron} I was?
[10:12] {esemde} I do believe your correct
[10:12] {esemde} ya CH ...seemed like it
[10:12] {markweb} ESLR short Vad?
[10:12] {Threei} something's wierd about ESLR
[10:13] {markweb} bad report
[10:13] {esemde} yes ...would agree ...but What?
[10:13] {Threei} I don't know mark... it trades without rhyme
[10:13] {esemde} wheres the report
[10:14] {Threei} [ESLR] Evergreen Solar Inc Reports Q1 -$0.01 v -$0.07e, R $18.3M v $21.8Me
[10:14] {Threei} - Guides Q2 EPS -0.10 v -$0.09e, R $21.5-22.5M v $21.8Me
[10:14] {Threei} - GM's 36%
[10:16] {Roman}
21 JASO near high
[10:18] {magoo} l rimm asa close to .50 you get
[10:18] {magoo} going for 122
[10:18] {magoo} RISKY
[10:18] {Roman}
21 long JASO off 25.05 break
[10:19] {markweb} JASO stop?
[10:19] {Roman}
21 small
[10:19] {Roman}
21 24.79
[10:19] {markweb} ty
[10:20] {magoo} offer rimm .94
[10:21] {judijim} gm everyone
[10:21] {Threei} jj :)
[10:21] {GeoArb} i missed xide
[10:21] {GeoArb} anyone still in?
[10:22] {Threei} barely holding
[10:22] {Threei} by fingertips
[10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:22] {markweb} stoped @.29
[10:22] {GeoArb} yeah look slike it touched .28
[10:22] {magoo} me vad
[10:22] {Threei} that was mark
[10:22] {magoo} out RIMM .94
[10:22] {magoo} + .30
[10:22] {Threei} good one mags
[10:22] {GeoArb} hmmmm looks like i am only tsking the winning trades (cien)
[10:23] {bruce} hello jj
[10:23] {Threei} hah
[10:23] {hawkfan4} nice one mags, thanks
[10:23] {Threei} they gave you that button geo?
[10:23] {GeoArb} THE EASY BUTTON
[10:23] {magoo} u take hawk?
[10:23] {hawkfan4} yep, +.20
[10:23] {magoo} cool
[10:24] {Roman}
21 DNDN small spike
[10:24] {magoo} good out hawk..has to breathe
[10:24] {Threei} no worky XIDE
[10:24] {bruce} any read ffiv vad? - volume drying up but looks long
[10:25] {Threei} DNDN
[10:25] {Threei} TICKING HIGHER ON RENEWED POSITIVE CHATTER CONCERNED POSSIBLE POSITIVE DEVELOPMENT WITH FDA
[10:25] {Threei} worth a try at .80 bruce
[10:26] {bruce} k vad thanx
[10:28] {Roman}
21 out 1/2 JASO
[10:28] {Roman}
21 .25
[10:29] {bruce} nice roman
[10:29] {Roman}
21 ty
[10:30] {markweb} Thanks Roman:)
[10:30] {Roman}
21 ym
[10:31] {markweb} who in DNDN?
[10:31] {Threei} control risk tihgtly on it mark
[10:32] {Threei} this is very treacherous stock
[10:32] {Roman}
21 PTEN?
[10:32] {Roman}
21 i quess, could sqeeze here with naz
[10:35] {Roman}
21 SOLF
[10:36] {Roman}
21 out remaining JASO +.47
[10:36] {Roman}
21 probably has much more in it
[10:37] {magoo} .50 long aapl to lay out around .88 .91
[10:37] {magoo} RISKJY
[10:37] {magoo} in
[10:42] {GeoArb} anyone having laser issue
[10:42] {GeoArb} i lost laser completely
[10:42] {dptl} fine here
[10:42] {magoo} ok here {so far}
[10:42] {judijim} okhere
[10:43] {magoo} reboot geo
[10:43] {magoo} here we gooooooooo aapl
[10:44] {magoo} out .81 GET out
[10:45] {magoo} + .34
[10:45] {magoo} has to breathe
[10:45] {magoo} there is .91
[10:45] {judijim} ty magoo aapl out at .86
[10:45] {magoo} nice
[10:46] {bruce} nice onemags - aapl gonna pay you- what was stop? - looks like you needed at least 50c for that one
[10:46] {magoo} just remember..they breathe hard
[10:46] {magoo} lay out
[10:46] {magoo} get out
[10:49] {magoo} [10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:49] {magoo} [10:22] {markweb} stoped @.29
[10:49] {GeoArb} back
[10:49] {markweb} was stopped @XIDE
[10:50] {Threei} watch RIMM for entry on this pullback when NQ resumes
[10:50] {magoo} where u thinking?
[10:50] {magoo} ,60 area
[10:51] {Roman}
21 PTEN in small 29.05
[10:52] {magoo} in out RIMM that fast TY vad .96 out .23
[10:52] {Threei} good one
[10:52] {Threei} it's not a price setup right now with RIMM
[10:52] {magoo} no way to post less than minute
[10:52] {Threei} it's a following
[10:53] {Threei} NQ posts sharp spike, RIMM gives little delay for entry
[10:53] {Threei} happens way too quick for timely post
[10:53] {Threei} either you have an experience with such plays or stay away
[10:53] {Threei} all I can do is to give the overall idea of the play
[10:54] {Threei} no way to post in time
[11:01] {Threei} another NQ spike is coming
[11:01] {Threei} lol... arrived while I typed
[11:04] {Threei} what the...
[11:05] {Threei} did we catch OBL?
[11:05] {GeoArb} obl?
[11:05] {Threei} state enemy #1? :)
[11:05] {GeoArb} ohhh
[11:07] {Threei} FORMER FED CHMN GREENSPAN: WOULD 'LIKE TO SAY WORST OF CREDIT CRISIS IS OVER', CREDIT MARKET IS 'STILL CRITICAL'
[11:13] {magoo} i was disconnected..am i here??
[11:14] {Threei} yes
[11:14] {magoo} because i type and it posts like i was here
[11:14] {magoo} so TY
[11:14] {magoo} thought u all had me on ignore
[11:15] {patience} never magoo
[11:15] {magoo} wouldn't blame u he he
[11:15] {Threei} we do... but we would never admit it, we are too polite
[11:19] {magoo} vad..aapl bounce or rimm bounce or no support here?
[11:19] {Threei} will totally depend on NQ
[11:19] {Threei} none of them trades on their owqn merit right now
[11:20] {magoo} understood..just wondering if u watching
[11:23] {markweb} out BRCM +.50 Thanks VAD & BRUCE
[11:24] {Threei} mark is killing the market today
[11:24] {markweb} no
[11:25] {GeoArb} i hereby declare today as the mediocricity erasing friday
[11:25] {Threei} lol
[11:25] {bruce} not my call mark
[11:25] {bruce} glad it worked for you
[11:26] {markweb} i have 4/8
[11:26] {bruce} nice win
[11:27] {Threei} what about win/loss size ratio?
[11:27] {Threei} 50% hit rate works if you manage size ratio right
[11:28] {markweb} 4 win 4 loss/ in green
[11:28] {Threei} size of win vs size of loss is what I mean
[11:29] {markweb} aprx. same
[11:29] {Threei} another NQ spike is coming
[11:29] {Threei} hmmm
[11:30] {Threei} if they are the same, something isn't quite right
[11:30] {markweb} y
[11:30] {Threei} going for strict 1:1 should give you more wins
[11:30] {Threei} holding for more gains will lower amount of wins but improve size ratio
[11:31] {magoo} mark,,u laser?
[11:31] {magoo} go to analysis
[11:31] {markweb} with IB
[11:33] {markweb} doctor have to go to my analysis:)
[11:34] {GeoArb} heyheyhey
[11:34] {GeoArb} an IB guy
[11:34] {GeoArb} i have that too
[11:37] {magoo} they any good?
[11:37] {GeoArb} wellll
[11:37] {GeoArb} depends on your style
[11:37] {GeoArb} probably not for you magoo
[11:37] {magoo} my style
[11:37] {magoo} why
[11:37] {GeoArb} youre a fast scalper
[11:37] {GeoArb} their LII SUCKS
[11:38] {GeoArb} but they are the only broker i know with universal account and extensive API with the bredth of instruments
[11:38] {bruce} how so geo - slow display?
[11:39] {GeoArb} slow and bad :)
[11:39] {GeoArb} mark wanna chime in?
[11:39] {markweb} charting is ^%$&^$%
[11:39] {GeoArb} also they dont do tick data
[11:39] {GeoArb} its snapshots lol
[11:40] {magoo} hmm..how do i apply?
[11:40] {GeoArb} mark DCC pls
[11:40] {bruce} snapshots - not real time ? wow - sucks big time
[11:40] {GeoArb} no its realtime
[11:40] {GeoArb} they just choose to sample and aggregate
[11:41] {GeoArb} lets say one burst every 100 ms
[11:41] {GeoArb} no realtime
[11:41] {GeoArb} tick by tick
[11:41] * Threei slaps Laserdave1 around a bit with a large trout
[11:42] {GeoArb} markweb dcc pls
[11:42] {GeoArb} its good for maitaining positions
[11:42] {GeoArb} not so for scalping
[11:43] {bruce} hmmm k
[11:45] {GeoArb} and did i menton you dont get laserdave their?
[11:45] {GeoArb} average phone wait 30 mins :D
[11:45] {magoo} where do i sign up??
[11:45] {Threei} I am sold
[11:45] {GeoArb} its for longer term positions
[11:46] {Threei} PTEN
[11:47] {Threei} .31 worth a try
[11:47] {Threei} sheesh... too fast
[11:47] {Threei} support .20, see if it pulls back for entry
[11:48] {bruce} amzn on fire
[11:50] {magoo} holy crap AMZN
[11:50] {Threei} XIDE shook us out
[11:50] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:51] {bruce} cien holding hi so far - read on long break vad?
[11:52] {Threei} NQ rather feels like topping out bruce
[11:52] {Threei} at least temporarily
[11:52] {bruce} k- not surprised - reluctant to go long at these levels - thanx
[11:53] {Threei} maybe spike or tewo more but risk becomes way too high here
[11:53] {Threei} because when selloss comes it's likely to be quite hard
[11:53] {Threei} selloff
[11:54] {bruce} yes - was thinkiing same
[11:54] {bruce} looking for short candidates
[11:54] {GeoArb} good friday guys.... off to work... have a great weeekend
[11:55] {Threei} take care Geo, have a good one
[11:55] {Threei} come on PTEN
[11:55] {Threei} one more spike
[11:55] {magoo} have nice weekend
[11:55] {judijim} bye Geo have a good weekend
[11:56] {markweb} bye Geo
[11:56] {bruce} take care geo
[11:56] {Threei} 1:1 PTEN
[11:57] {jmb} PTEN Thanks Vad
[11:57] {Threei} :)
[11:57] {Threei} sheesh JASO
[11:57] {Threei} Roman hit the nail on this one
[11:58] {Roman}
21 out PTEN +.39
[11:59] {tomg} ty pten, vad
[12:00] {tomg} gotta go, have a nice weekend everyone
[12:00] {magoo} bye tom
[12:00] {judijim} taking break be back hour, good day + so far
[12:06] {Threei} take care tom
[12:07] {bruce} bye tom
[12:07] {Threei} CIEN lost the lustre bruce
[12:07] {bruce} congrats jj- you seem to be very consistnet
[12:07] {Threei} break would have been a trap
[12:07] {Threei} good thing we restrained elation
[12:07] {bruce} yes - thought it might - wuld like to see small spike up then short in it
[12:08] {bruce} ibm wlt same long trap
[12:20] {bruce} looks like market still wants up vad
[12:21] {Threei} amazing as it is
[12:25] {Threei} starts feeling like it wants just continue climbing
[12:25] {Threei} not sure I can find easy follopwer though
[12:26] {Threei} there is always QID short of course
[12:26] {Threei} but it's anything but easy
[12:29] {Threei} if NQ bottoms off 1910 and resumes, it should roughly match QID bounce into 43 and resumption of downward
[12:29] {Threei} let's watch how it works
[12:30] {Threei} meawhile... look at NASDAQ daily...
[12:30] {Threei} quite something
[12:30] {Threei} inverted head and shoulder confirmed
[12:30] {Threei} double bottom confirmed
[12:31] {Threei} inverted cup and handle failed
[12:31] {Threei} all bullish formations you can think of
[12:31] {Threei} all kinds of MA rossovers too
[12:32] {Threei} crossovers
[12:32] {Threei} and all this happens when financial/economic climate is one of 1929 kind
[12:33] {Threei} don't be so sleepy guys
[12:34] {Threei} you are wintnessing historic market events
[12:34] {Threei} at least pretend you are interested
[12:34] {magoo} am..want a trade
[12:36] {patience} i am not asleep, just have so many trades in, hedging all over the place.. i'm like magoo...just want a clean scalping opportunity :)
[12:51] {Threei} RIMM short around .50
[12:51] {Threei} with stop above .65
[12:51] {magoo} like it
[12:52] {magoo} amzn too vad..opinion?
[12:52] {Threei} none
[12:53] {magoo} aapl sh?
[12:53] {Threei} can't make sense of AMZN
[12:53] {Threei} AAPL is similar to RIMM but 161.50 is too far now
[12:53] {Threei} RIMM works if you got it above .40 or so
[12:54] {magoo} i just sh aapl @ 161.06
[12:54] {Threei} not my kind of trade
[12:55] {magoo} should have covered indstead of typing
[12:55] {magoo} sigh
[12:55] {Threei} why short into such sharp bar
[12:55] {magoo} loss of whole number..mkt pulling back
[12:56] {Threei} look how RIMM works... thing of beauty
[12:56] {Threei} clean, nice, low risk
[12:57] {Threei} wow... bruce
[12:57] {Threei} 30-50 cm of snow in your neck of woods by Tuesday??
[13:07] {bruce} dunno vad
[13:07] {bruce} anything can happen here
[13:07] {bruce} nice out now
[13:07] {bruce} when it gets above freezing people put on shorts and t shirts
[13:09] {Chaeron} it's going to be 82 or so here......
[13:09] {magoo} 70 here
[13:09] {Chaeron} no clouds in the sky... Raven hates me :)
[13:09] {magoo} so..u hate raven..so its equal lol
[13:10] {Chaeron} no way... Raven's my bud
[13:10] {magoo} bud or bird
[13:10] {Chaeron} lol
[13:17] {Raven}
3 {}
[13:17] {Raven}
3 {---------
[13:17] {bruce} birdbuds
[13:20] {Raven}
3 sheesh
[13:20] {bruce} they rock thru the treetops all day long
[13:21] {bruce} chirpin and a burpin all day long
[13:21] {Raven}
3 you started this, Chaeron !
[13:21] {bruce} oops
[13:21] * Raven slaps Chaeron around a bit with a large trout
[13:21] {bruce} the burpin part is mags
[13:23] {bruce} mags tell you about his fav game?
[13:23] {bruce} beer belchin bingo
[13:24] {magoo} u pushing your luck little man {soup nazi}
[13:25] {bruce} yeah I know - lol
[13:26] {magoo} laserdave, dcc please
[13:33] {Threei} if NQ breaks 1915, AAPL would be my lond candidate
[13:33] {magoo} more than RIMM?
[13:33] {Threei} yeah
[13:43] {Threei} OESX CNBC hype
[13:46] {magoo} LASERDAVE, check DCC
[13:46] {bruce} wow pcln one dollar spike in 15 seconds - a lot of shorts just got squeexed
[13:47] {Threei} no news too
[13:56] {Threei} ENERGY SEC BODMAN SAYS AWARE OF CONCERNS ABOUT EMPHASIS ON ETHANOL
- Adds that concern about environmental impact "not misplaced", but environmental concerns not reason to ignore biofuels
[13:56] {Threei} - Wants diversity of biofuels as it means "moving away" from corn-based ethanol
[14:00] {Laserdave1} magooooooo dcc please
[14:11] {bruce} ibm looks short here
[14:12] {Threei} I don't see any new news
[14:12] {Threei} this drop is another round of market jerkiness
[14:13] {Threei} and can easily turn into new jump
[14:13] {Threei} no new positions
[14:13] {Threei} let it resolve itself
[14:13] {magoo} oh oh
[14:14] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[14:20] {Threei} see this immediate jump back?
[14:20] {Threei} tell me I don't have a crystal ball...
[14:21] {magoo} you're good
[14:21] {bruce} you don't have a crystal ball
[14:21] {Threei} let me walk around a bit and listen to the sound..
[14:23] {bruce} the sounds of trouts slapping?
[14:23] {Threei} lol
[14:23] {Threei} JPM
[14:23] {magoo} trout???
[14:23] {Threei} watching for long scalp on bounce
[14:23] * magoo slaps Threei around a bit with a large trout
[14:23] * magoo slaps bruce around a bit with a large trout
[14:24] {Threei} want closer to 46
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} take that
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} double trouble
[14:25] * Threei slaps both bruce and magoo around a bit with crystal ball wrapped in a paper used previously for wrapping a trrout
[14:25] {dptl} lol
[14:26] {Threei} first strength from here, JPM
[14:26] {Threei} in
[14:26] {Threei} got .47
[14:27] {Threei} .89 stop
[14:27] {Threei} .97 sorry
[14:27] {Threei} grr... .97 entry, .89 stop
[14:28] {Threei} out
[14:28] {Threei} still feels ready to bounce to me, maybe a few more downticks
[14:29] {bruce} out ibm +.18 c on vadsters instructions to be conservative
[14:30] {Threei} good one
[14:30] {bruce} worked - not really enough for risk
[14:30] {bruce} but hey
[14:30] {bruce} I'll take the coin
[14:31] {bruce} doggy duty break
[14:31] {bruce} but first
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] {bruce} wake up magoo!
[14:31] * bruce slaps magoo around a bit with a large trout
[14:36] {magoo} magoo bounces face off keyboard..wakes up...
[14:43] {magoo} vad, poerup or blowup last hour?
[14:44] {Threei} no 'staying right here" option?
[14:47] {magoo} c'mon, what u feel?
[14:47] {Threei} up
[14:48] {Threei} anyone went for second round JPM, don't oversit it
[14:55] {dptl} Vad what was that symbol really expensive one....brk.r or bkr..or what?
[14:55] {Threei} brk.a
[14:55] {dptl} oh ty
[14:55] {Threei} watching V for possible short
[15:02] {Threei} anyone took it on jump back into 68?
[15:02] {Threei} blinked there a bit too fast for alert
[15:13] {Threei} .86 V long if holding above .80
[15:16] {Threei} take scalp
[15:16] {Threei} easy 15 cents
[15:16] {Threei} 1:2
[15:17] {Threei} OK guys, you all are asleep and I am beat
[15:17] {jmb} Thanks V
[15:17] {Threei} I'll bid you great relaxing weekend
[15:17] {Threei} jmb :)
[15:18] {magoo} ty vad
[15:18] {hawkfan4} thanks vad, enjoy
[15:18] {Threei} have a nice rest, ssee you all on Monday
[15:18] {bruce} you can't quit early vad
[15:18] {judijim} take care Vad, see you Monday:)
[15:18] {Threei} watch me
[15:18] {Threei} :)
[15:18] {dptl} .....have a good weekend all :)
[15:18] {bruce} mags would never forgive you
[15:18] {Threei} I'll find him a nice winner on Monday and bribe him with it
[15:19] {bruce} lol - guess you know mage pretty well
[15:19] {bruce} have a good un
[15:19] {bruce} calling it day myself
[15:19] {Threei} no but i am good at bribery
[15:19] {bruce} take care all
[15:19] {bruce} yes - and friedns that break kneecaps can always be used if bribes don't work
[15:20] {Threei} there... soviet mentality rubs off of you :)
[15:23] {bruce} yes - nice peoceful folks those soviets
[15:23] {bruce} bye all
[15:49] {markweb} take care all
[16:07] {magoo} good nite all
[08:22] {Threei} OIL SURGES AS INVESTORS HUNT AN 'ANTI-DOLLAR' - AMBROSE EVANS-PRITCHARD AT THE TELEGRAPH
- "There is some evidence that Opec has actually cut output by 350,000 bpd since the start of the year - a hostile move in the current climate. It blames the latest spike on "speculators", claiming that world demand will fall 1.4m bpd to 85.7m this quarter as the US grapples with recession."
[08:26] {hawkfan4} good morning
[08:26] {Threei} hawk :)
[08:29] {Threei} so far just what I hate... huge gap up
[08:30] {hawkfan4} and on options friday, not very promising
[08:30] {Threei} ah well
[08:31] {Threei} that was not my stellar week by any standard
[08:31] {Threei} can just as well finish it on mediocre note :)
[08:32] {hawkfan4} lol :) mediocore friday
[08:43] {fernp} gm
[08:43] {magoo} morn
[08:43] {Threei} fernp, magoo :)
[08:53] {Threei} 07:59am [OSTK] Reports Q1 -$0.17 v -$0.32e, R $200.7M v $168.9Me
[08:56] {Onix} Good morning
[08:56] {Threei} onix :)
[08:57] {magoo} vad..from all your experience..wouldn't you think goog will at least have some kind of pullback near opening bell or after bell?
[08:57] {magoo} 82 points
[08:57] {Threei} this is a total coin toss mags...
[08:57] {Threei} look at it this way
[08:58] {Threei} GOOG makes such big moves that it's practically impossible to tell meanignful move from simple uptick/downtick
[08:58] {Threei} where normal stock would get 10 cents pullback, GOOG will make 3-5 bucks one
[08:58] {magoo} but...some poeople got to want to lock that in
[08:59] {Threei} you can manage risk with 10 cents pullback
[08:59] {Threei} can you do the same with 5 bucks pullback?
[08:59] {Threei} its noise has magnitude much bigger than our usual meanigful moves
[09:00] {Threei} you can't trade noise because there is no read to it
[09:00] {Threei} and you can't trade its normal signals because noise exceeds your risk tolerance
[09:00] {Threei} this makes this stock simply untradeable to me
[09:01] {Threei} don't look at it from the point of view of what its chart says... look at it from risk management point of view
[09:01] {Threei} you may get lucky and hit big payoff
[09:01] {Threei} you get unlucky, your loss exceeds your worst nightmare
[09:01] {Threei} in my world it's called gambling
[09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:03] {Threei} to give you further idea about how I approach this, think of our trades on RIMM?AAPL/AMZN in the following terms:
[09:03] {Threei} while we have overall positive experience with them
[09:03] {Threei} our shakeout rate is bigger on them than on your garden variety stock
[09:03] {Threei} why?
[09:04] {Threei} because the only way to stay positive on them is
[09:04] {Threei} to control your risk tight, hunt for the most favorable conditions and try to hit at the right moment.
[09:04] {Threei} However with this comes being shaken out more often on noise
[09:05] {Threei} because their noise is bigger than on garden-variety.
[09:05] {Threei} Now, this signal-to-noise ratio
[09:05] {magoo} true..and size down
[09:05] {Threei} is beyond average on these
[09:05] {Threei} which is exactly the reason for frequent shakeouts
[09:06] {Threei} yet when they do move for us
[09:06] {Threei} they post nice gains that keep us in green overall.
[09:06] {Threei} So when you look at trading them as a process vs separate events, it's a valid way to trade them.
[09:06] {Threei} But, their noise is about max we can handle
[09:07] {Threei} GOOG is way beyond that
[09:07] {Threei} so is BIDU
[09:07] {magoo} and POT
[09:07] {Threei} POT is somewhere inbetween RIMM/AAPL and GOOG/BIDU
[09:07] {Threei} [09:03] {magoo} but..say it drpos sharply say 40 poinyts..isn't it a tradeable cbounce read then?
[09:08] {Threei} sure... but why 40?
[09:08] {Threei} it went up yesterday over 50, andf that was still not all
[09:08] {Threei} how do you tell 40 from 35 or 45 on a stock that makes "meaningful" move of 40 points and then noise part of it 5 more?
[09:09] {Threei} and with noise you can't tell direction
[09:09] {Threei} you hit it at -40, it makes 5 more as a noise
[09:09] {Threei} before reversing.
[09:09] {Threei} You are right chart wise, yet you get hit with nasty loss
[09:09] {Threei} not my cup of tea...
[09:10] {magoo} i see your point
[09:12] {Threei} it's just that for me risk management goes first
[09:12] {Threei} and I cannot for the worlkd of me manage risk effectively on this stock
[09:13] {markweb} good morning all
[09:13] {Threei} mark :)
[09:13] {markweb} :)
[09:15] {cosmo} goog morning
[09:15] {Threei} you bidu us goog morning?
[09:16] {cosmo} ..?....ah....yes.... of course
[09:17] {dptl} good morning all
[09:17] {Threei} dp :)
[09:18] {tomg} gm all, room is going to POT :)
[09:18] {cosmo} hmmm
[09:19] {Threei} did tom just call us grow-op?
[09:19] {tomg} goog morning, vad, grow-op?
[09:19] {cosmo} can tom deliver?
[09:20] {tomg} ha!, good one cosmo
[09:20] {cosmo} :)
[09:20] {Threei} those hidden marijuana grow operations tom :)
[09:20] {tomg} earthquake this morning destroyed my crop
[09:20] {tomg} ah, ok
[09:21] {GeoArb} gm all
[09:21] {esemde} bruce cos dp fern geo hawk jmb mags mark onix patience tom martin and VAD....good morning....
[09:22] {markweb} ese:)
[09:23] {GeoArb} a below average week for me
[09:23] {GeoArb} and option friday
[09:24] {patience} morning ese and rt :)
[09:26] {cosmo} OSTK
[09:26] {Threei} geo, ese, patience :)
[09:27] {Threei} geo... from earlier:
[09:27] {Threei} [08:29] {Threei} so far just what I hate... huge gap up
[09:27] {Threei} [08:30] {hawkfan4} and on options friday, not very promising
[09:27] {Threei} [08:30] {Threei} ah well
[09:27] {Threei} [08:31] {Threei} that was not my stellar week by any standard
[09:27] {Threei} [08:31] {Threei} can just as well finish it on mediocre note :)
[09:27] {GeoArb} i read a great line in trading in zone
[09:27] {GeoArb} most traders experiences/feelings consist of the last couple of trades
[09:28] {Threei} SUSQUEHANNA CUTS POZN TO NET NEUTRAL FROM NET POSITIVE
[09:28] {GeoArb} professions look at last several 100 or something like that
[09:28] {GeoArb} professionals
[09:28] {Threei} yup... that's why I emphasize so often: view trading as a process, not as event or series of events
[09:29] {GeoArb} i did reduce my size though
[09:29] {GeoArb} i dont want consistent worst case to put me out of business :)
[09:31] {Threei} watching BRCM
[09:32] {Threei} need pullback to form the setup
[09:33] {Threei} yeah right
[09:33] {Threei} NFLX
[09:33] {Threei} half lot long .90
[09:33] {Threei} stop under .60
[09:34] {Threei} probably even less than half lot, considering slippage
[09:35] {bruce} cien looks long vad
[09:35] {Threei} NFLX invalidated
[09:35] {Threei} CIEN, 32 long bruce, yes
[09:37] {bruce} erts also looking strong - need pullbadck
[09:40] {Threei} BRCM better
[09:40] {Threei} may try aggressively here
[09:40] {Threei} with tight stop under .60
[09:40] {Threei} odds are 50/50, rather risk based setup
[09:41] {bruce} brcm stop 48 or wso?
[09:41] {Threei} if loses .60, look for another entry point closer to .40
[09:41] {magoo} full lot?
[09:41] {esemde} OSTK.....missed it
[09:41] {Threei} let it show strength first
[09:41] {Threei} yes, full lot, too tight stop
[09:42] {Threei} CIEN triggered
[09:42] {Threei} for scalpers stop .89, for daytrade .79
[09:46] {Threei} CIEN 1:1 for scalpers
[09:46] {esemde} FISV.....missed this as well....findingthings to late
[09:46] {Threei} no strength yet NQ
[09:46] {Threei} debating BRCM entry here
[09:47] {magoo} take look at RIMM vad
[09:47] {bruce} l brcm .38
[09:48] {Threei} beautiful entry bruce
[09:48] {Threei} I overthought it
[09:49] {Threei} RIMM looks like time to try it
[09:49] {Threei} stop under .60 if you got it
[09:50] {Threei} CIEN 1:1 for daytraders
[09:51] {Threei} notice how CIEN is oblivious to market weakness?
[09:52] {fernp} out CIEN +.22 Thanks Vad
[09:52] {bruce} thanx vad - topped +.02c didn't want to let it go against me
[09:52] {esemde} was just looking at CIEN....
[09:52] {Threei} mags
[09:52] {Threei} look at GOOG
[09:53] {Threei} by normal measurements, 528 is long setup
[09:53] {Threei} don't trade it
[09:53] {Threei} observe
[09:53] {magoo} i have been observing..ty
[09:53] {Threei} there.. can you hanbdle such voaltility?
[09:54] {Threei} it breaks, immediately drops 50 cents
[09:54] {bruce} sheesh cien - missed entry playing brcm
[09:54] {bruce} hope some of you got it
[09:54] {Threei} then jumps full dollar
[09:55] {esemde} just missed ADSK as well hmmmmmm
[09:55] {dptl} cien +.10 +.20 ty
[09:55] {esemde} can't get orders in quick enough when i see something
[09:55] {Threei} anyone strill holding CIEN?
[09:56] {esemde} this is not going to be my day....
[09:56] {Threei} just asking in case further read is needed
[09:56] {markweb} pl
[09:56] {Threei} who is pl?
[09:57] {Threei} short version of dptl?
[09:57] {markweb} pl read
[09:57] {Threei} ah
[09:57] {Threei} .30 is next barrier to break, stop is .09 for the balance,
[09:57] {Threei} if it breaks .30, low of this pullback becomes next level to trail stop to
[09:59] {esemde} bstop ADSK .91 1/2 lot
[10:00] {Threei} stop under .80 ese?
[10:00] {Threei} or you want .60 as support?
[10:00] {esemde} yes
[10:00] {esemde} not filled yet though
[10:00] {esemde} na under .80 is god for me
[10:01] {Threei} yeah... with this market gap, option expiration and overall Friday-ness, keep it tight and book profits
[10:01] {esemde} pattern straight out of your book Vad...
[10:02] {Threei} I have a book?
[10:02] {Threei} people keep telling me that...
[10:02] {esemde} might go for the quick hit as well and increase to full lot
[10:02] {Threei} it's under support...
[10:02] {esemde} Adsk invalidated for me now.....
[10:03] {esemde} was looking OK for one breif moment in time
[10:04] {esemde} ADSK following the NDX down
[10:05] {Threei} DLTR, watching for pullback closer to 30 for entry
[10:05] {Threei} BOOM
[10:05] {Threei} TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING
[10:06] {Threei} XIDE again
[10:06] {Threei} .45 half lot long
[10:07] {Threei} CIEN stop to .14 mark
[10:08] {markweb} ty out @.33
[10:08] {bruce} out cien +.20
[10:08] {bruce} unabl;e to post - went long at .19 w 5 c stop
[10:08] {markweb} ty vad
[10:08] {markweb} ty bruce
[10:08] {bruce} welcome mark
[10:09] {Chaeron} hi all
[10:09] {Threei} chaeron :)
[10:10] {Threei} XIDE stop under .30
[10:10] {esemde} CCCCHHHHHHH BAAAAABY!!!!!!!!
[10:10] {Chaeron} ese!!!!!!! -
[10:10] {Chaeron} heheh
[10:11] {esemde} very vocal in support of chaeron.......when i first came on this board CH was the guy getting slapped around the most with the trout
[10:11] {esemde} felt sory for him
[10:11] {Threei} laserdave must have been on vacation at the time
[10:11] {Chaeron} I was?
[10:12] {esemde} I do believe your correct
[10:12] {esemde} ya CH ...seemed like it
[10:12] {markweb} ESLR short Vad?
[10:12] {Threei} something's wierd about ESLR
[10:13] {markweb} bad report
[10:13] {esemde} yes ...would agree ...but What?
[10:13] {Threei} I don't know mark... it trades without rhyme
[10:13] {esemde} wheres the report
[10:14] {Threei} [ESLR] Evergreen Solar Inc Reports Q1 -$0.01 v -$0.07e, R $18.3M v $21.8Me
[10:14] {Threei} - Guides Q2 EPS -0.10 v -$0.09e, R $21.5-22.5M v $21.8Me
[10:14] {Threei} - GM's 36%
[10:16] {Roman}
21 JASO near high
[10:18] {magoo} l rimm asa close to .50 you get
[10:18] {magoo} going for 122
[10:18] {magoo} RISKY
[10:18] {Roman}
21 long JASO off 25.05 break
[10:19] {markweb} JASO stop?
[10:19] {Roman}
21 small
[10:19] {Roman}
21 24.79
[10:19] {markweb} ty
[10:20] {magoo} offer rimm .94
[10:21] {judijim} gm everyone
[10:21] {Threei} jj :)
[10:21] {GeoArb} i missed xide
[10:21] {GeoArb} anyone still in?
[10:22] {Threei} barely holding
[10:22] {Threei} by fingertips
[10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:22] {markweb} stoped @.29
[10:22] {GeoArb} yeah look slike it touched .28
[10:22] {magoo} me vad
[10:22] {Threei} that was mark
[10:22] {magoo} out RIMM .94
[10:22] {magoo} + .30
[10:22] {Threei} good one mags
[10:22] {GeoArb} hmmmm looks like i am only tsking the winning trades (cien)
[10:23] {bruce} hello jj
[10:23] {Threei} hah
[10:23] {hawkfan4} nice one mags, thanks
[10:23] {Threei} they gave you that button geo?
[10:23] {GeoArb} THE EASY BUTTON
[10:23] {magoo} u take hawk?
[10:23] {hawkfan4} yep, +.20
[10:23] {magoo} cool
[10:24] {Roman}
21 DNDN small spike
[10:24] {magoo} good out hawk..has to breathe
[10:24] {Threei} no worky XIDE
[10:24] {bruce} any read ffiv vad? - volume drying up but looks long
[10:25] {Threei} DNDN
[10:25] {Threei} TICKING HIGHER ON RENEWED POSITIVE CHATTER CONCERNED POSSIBLE POSITIVE DEVELOPMENT WITH FDA
[10:25] {Threei} worth a try at .80 bruce
[10:26] {bruce} k vad thanx
[10:28] {Roman}
21 out 1/2 JASO
[10:28] {Roman}
21 .25
[10:29] {bruce} nice roman
[10:29] {Roman}
21 ty
[10:30] {markweb} Thanks Roman:)
[10:30] {Roman}
21 ym
[10:31] {markweb} who in DNDN?
[10:31] {Threei} control risk tihgtly on it mark
[10:32] {Threei} this is very treacherous stock
[10:32] {Roman}
21 PTEN?
[10:32] {Roman}
21 i quess, could sqeeze here with naz
[10:35] {Roman}
21 SOLF
[10:36] {Roman}
21 out remaining JASO +.47
[10:36] {Roman}
21 probably has much more in it
[10:37] {magoo} .50 long aapl to lay out around .88 .91
[10:37] {magoo} RISKJY
[10:37] {magoo} in
[10:42] {GeoArb} anyone having laser issue
[10:42] {GeoArb} i lost laser completely
[10:42] {dptl} fine here
[10:42] {magoo} ok here {so far}
[10:42] {judijim} okhere
[10:43] {magoo} reboot geo
[10:43] {magoo} here we gooooooooo aapl
[10:44] {magoo} out .81 GET out
[10:45] {magoo} + .34
[10:45] {magoo} has to breathe
[10:45] {magoo} there is .91
[10:45] {judijim} ty magoo aapl out at .86
[10:45] {magoo} nice
[10:46] {bruce} nice onemags - aapl gonna pay you- what was stop? - looks like you needed at least 50c for that one
[10:46] {magoo} just remember..they breathe hard
[10:46] {magoo} lay out
[10:46] {magoo} get out
[10:49] {magoo} [10:22] {magoo} 160 big magnate for aapl today...but needs mkt to continue up...risky
[10:49] {magoo} [10:22] {markweb} stoped @.29
[10:49] {GeoArb} back
[10:49] {markweb} was stopped @XIDE
[10:50] {Threei} watch RIMM for entry on this pullback when NQ resumes
[10:50] {magoo} where u thinking?
[10:50] {magoo} ,60 area
[10:51] {Roman}
21 PTEN in small 29.05
[10:52] {magoo} in out RIMM that fast TY vad .96 out .23
[10:52] {Threei} good one
[10:52] {Threei} it's not a price setup right now with RIMM
[10:52] {magoo} no way to post less than minute
[10:52] {Threei} it's a following
[10:53] {Threei} NQ posts sharp spike, RIMM gives little delay for entry
[10:53] {Threei} happens way too quick for timely post
[10:53] {Threei} either you have an experience with such plays or stay away
[10:53] {Threei} all I can do is to give the overall idea of the play
[10:54] {Threei} no way to post in time
[11:01] {Threei} another NQ spike is coming
[11:01] {Threei} lol... arrived while I typed
[11:04] {Threei} what the...
[11:05] {Threei} did we catch OBL?
[11:05] {GeoArb} obl?
[11:05] {Threei} state enemy #1? :)
[11:05] {GeoArb} ohhh
[11:07] {Threei} FORMER FED CHMN GREENSPAN: WOULD 'LIKE TO SAY WORST OF CREDIT CRISIS IS OVER', CREDIT MARKET IS 'STILL CRITICAL'
[11:13] {magoo} i was disconnected..am i here??
[11:14] {Threei} yes
[11:14] {magoo} because i type and it posts like i was here
[11:14] {magoo} so TY
[11:14] {magoo} thought u all had me on ignore
[11:15] {patience} never magoo
[11:15] {magoo} wouldn't blame u he he
[11:15] {Threei} we do... but we would never admit it, we are too polite
[11:19] {magoo} vad..aapl bounce or rimm bounce or no support here?
[11:19] {Threei} will totally depend on NQ
[11:19] {Threei} none of them trades on their owqn merit right now
[11:20] {magoo} understood..just wondering if u watching
[11:23] {markweb} out BRCM +.50 Thanks VAD & BRUCE
[11:24] {Threei} mark is killing the market today
[11:24] {markweb} no
[11:25] {GeoArb} i hereby declare today as the mediocricity erasing friday
[11:25] {Threei} lol
[11:25] {bruce} not my call mark
[11:25] {bruce} glad it worked for you
[11:26] {markweb} i have 4/8
[11:26] {bruce} nice win
[11:27] {Threei} what about win/loss size ratio?
[11:27] {Threei} 50% hit rate works if you manage size ratio right
[11:28] {markweb} 4 win 4 loss/ in green
[11:28] {Threei} size of win vs size of loss is what I mean
[11:29] {markweb} aprx. same
[11:29] {Threei} another NQ spike is coming
[11:29] {Threei} hmmm
[11:30] {Threei} if they are the same, something isn't quite right
[11:30] {markweb} y
[11:30] {Threei} going for strict 1:1 should give you more wins
[11:30] {Threei} holding for more gains will lower amount of wins but improve size ratio
[11:31] {magoo} mark,,u laser?
[11:31] {magoo} go to analysis
[11:31] {markweb} with IB
[11:33] {markweb} doctor have to go to my analysis:)
[11:34] {GeoArb} heyheyhey
[11:34] {GeoArb} an IB guy
[11:34] {GeoArb} i have that too
[11:37] {magoo} they any good?
[11:37] {GeoArb} wellll
[11:37] {GeoArb} depends on your style
[11:37] {GeoArb} probably not for you magoo
[11:37] {magoo} my style
[11:37] {magoo} why
[11:37] {GeoArb} youre a fast scalper
[11:37] {GeoArb} their LII SUCKS
[11:38] {GeoArb} but they are the only broker i know with universal account and extensive API with the bredth of instruments
[11:38] {bruce} how so geo - slow display?
[11:39] {GeoArb} slow and bad :)
[11:39] {GeoArb} mark wanna chime in?
[11:39] {markweb} charting is ^%$&^$%
[11:39] {GeoArb} also they dont do tick data
[11:39] {GeoArb} its snapshots lol
[11:40] {magoo} hmm..how do i apply?
[11:40] {GeoArb} mark DCC pls
[11:40] {bruce} snapshots - not real time ? wow - sucks big time
[11:40] {GeoArb} no its realtime
[11:40] {GeoArb} they just choose to sample and aggregate
[11:41] {GeoArb} lets say one burst every 100 ms
[11:41] {GeoArb} no realtime
[11:41] {GeoArb} tick by tick
[11:41] * Threei slaps Laserdave1 around a bit with a large trout
[11:42] {GeoArb} markweb dcc pls
[11:42] {GeoArb} its good for maitaining positions
[11:42] {GeoArb} not so for scalping
[11:43] {bruce} hmmm k
[11:45] {GeoArb} and did i menton you dont get laserdave their?
[11:45] {GeoArb} average phone wait 30 mins :D
[11:45] {magoo} where do i sign up??
[11:45] {Threei} I am sold
[11:45] {GeoArb} its for longer term positions
[11:46] {Threei} PTEN
[11:47] {Threei} .31 worth a try
[11:47] {Threei} sheesh... too fast
[11:47] {Threei} support .20, see if it pulls back for entry
[11:48] {bruce} amzn on fire
[11:50] {magoo} holy crap AMZN
[11:50] {Threei} XIDE shook us out
[11:50] * Chaeron slaps Laserdave1 around a bit with a large trout
[11:51] {bruce} cien holding hi so far - read on long break vad?
[11:52] {Threei} NQ rather feels like topping out bruce
[11:52] {Threei} at least temporarily
[11:52] {bruce} k- not surprised - reluctant to go long at these levels - thanx
[11:53] {Threei} maybe spike or tewo more but risk becomes way too high here
[11:53] {Threei} because when selloss comes it's likely to be quite hard
[11:53] {Threei} selloff
[11:54] {bruce} yes - was thinkiing same
[11:54] {bruce} looking for short candidates
[11:54] {GeoArb} good friday guys.... off to work... have a great weeekend
[11:55] {Threei} take care Geo, have a good one
[11:55] {Threei} come on PTEN
[11:55] {Threei} one more spike
[11:55] {magoo} have nice weekend
[11:55] {judijim} bye Geo have a good weekend
[11:56] {markweb} bye Geo
[11:56] {bruce} take care geo
[11:56] {Threei} 1:1 PTEN
[11:57] {jmb} PTEN Thanks Vad
[11:57] {Threei} :)
[11:57] {Threei} sheesh JASO
[11:57] {Threei} Roman hit the nail on this one
[11:58] {Roman}
21 out PTEN +.39
[11:59] {tomg} ty pten, vad
[12:00] {tomg} gotta go, have a nice weekend everyone
[12:00] {magoo} bye tom
[12:00] {judijim} taking break be back hour, good day + so far
[12:06] {Threei} take care tom
[12:07] {bruce} bye tom
[12:07] {Threei} CIEN lost the lustre bruce
[12:07] {bruce} congrats jj- you seem to be very consistnet
[12:07] {Threei} break would have been a trap
[12:07] {Threei} good thing we restrained elation
[12:07] {bruce} yes - thought it might - wuld like to see small spike up then short in it
[12:08] {bruce} ibm wlt same long trap
[12:20] {bruce} looks like market still wants up vad
[12:21] {Threei} amazing as it is
[12:25] {Threei} starts feeling like it wants just continue climbing
[12:25] {Threei} not sure I can find easy follopwer though
[12:26] {Threei} there is always QID short of course
[12:26] {Threei} but it's anything but easy
[12:29] {Threei} if NQ bottoms off 1910 and resumes, it should roughly match QID bounce into 43 and resumption of downward
[12:29] {Threei} let's watch how it works
[12:30] {Threei} meawhile... look at NASDAQ daily...
[12:30] {Threei} quite something
[12:30] {Threei} inverted head and shoulder confirmed
[12:30] {Threei} double bottom confirmed
[12:31] {Threei} inverted cup and handle failed
[12:31] {Threei} all bullish formations you can think of
[12:31] {Threei} all kinds of MA rossovers too
[12:32] {Threei} crossovers
[12:32] {Threei} and all this happens when financial/economic climate is one of 1929 kind
[12:33] {Threei} don't be so sleepy guys
[12:34] {Threei} you are wintnessing historic market events
[12:34] {Threei} at least pretend you are interested
[12:34] {magoo} am..want a trade
[12:36] {patience} i am not asleep, just have so many trades in, hedging all over the place.. i'm like magoo...just want a clean scalping opportunity :)
[12:51] {Threei} RIMM short around .50
[12:51] {Threei} with stop above .65
[12:51] {magoo} like it
[12:52] {magoo} amzn too vad..opinion?
[12:52] {Threei} none
[12:53] {magoo} aapl sh?
[12:53] {Threei} can't make sense of AMZN
[12:53] {Threei} AAPL is similar to RIMM but 161.50 is too far now
[12:53] {Threei} RIMM works if you got it above .40 or so
[12:54] {magoo} i just sh aapl @ 161.06
[12:54] {Threei} not my kind of trade
[12:55] {magoo} should have covered indstead of typing
[12:55] {magoo} sigh
[12:55] {Threei} why short into such sharp bar
[12:55] {magoo} loss of whole number..mkt pulling back
[12:56] {Threei} look how RIMM works... thing of beauty
[12:56] {Threei} clean, nice, low risk
[12:57] {Threei} wow... bruce
[12:57] {Threei} 30-50 cm of snow in your neck of woods by Tuesday??
[13:07] {bruce} dunno vad
[13:07] {bruce} anything can happen here
[13:07] {bruce} nice out now
[13:07] {bruce} when it gets above freezing people put on shorts and t shirts
[13:09] {Chaeron} it's going to be 82 or so here......
[13:09] {magoo} 70 here
[13:09] {Chaeron} no clouds in the sky... Raven hates me :)
[13:09] {magoo} so..u hate raven..so its equal lol
[13:10] {Chaeron} no way... Raven's my bud
[13:10] {magoo} bud or bird
[13:10] {Chaeron} lol
[13:17] {Raven}
3 {}
[13:17] {Raven}
3 {---------
[13:17] {bruce} birdbuds
[13:20] {Raven}
3 sheesh
[13:20] {bruce} they rock thru the treetops all day long
[13:21] {bruce} chirpin and a burpin all day long
[13:21] {Raven}
3 you started this, Chaeron !
[13:21] {bruce} oops
[13:21] * Raven slaps Chaeron around a bit with a large trout
[13:21] {bruce} the burpin part is mags
[13:23] {bruce} mags tell you about his fav game?
[13:23] {bruce} beer belchin bingo
[13:24] {magoo} u pushing your luck little man {soup nazi}
[13:25] {bruce} yeah I know - lol
[13:26] {magoo} laserdave, dcc please
[13:33] {Threei} if NQ breaks 1915, AAPL would be my lond candidate
[13:33] {magoo} more than RIMM?
[13:33] {Threei} yeah
[13:43] {Threei} OESX CNBC hype
[13:46] {magoo} LASERDAVE, check DCC
[13:46] {bruce} wow pcln one dollar spike in 15 seconds - a lot of shorts just got squeexed
[13:47] {Threei} no news too
[13:56] {Threei} ENERGY SEC BODMAN SAYS AWARE OF CONCERNS ABOUT EMPHASIS ON ETHANOL
- Adds that concern about environmental impact "not misplaced", but environmental concerns not reason to ignore biofuels
[13:56] {Threei} - Wants diversity of biofuels as it means "moving away" from corn-based ethanol
[14:00] {Laserdave1} magooooooo dcc please
[14:11] {bruce} ibm looks short here
[14:12] {Threei} I don't see any new news
[14:12] {Threei} this drop is another round of market jerkiness
[14:13] {Threei} and can easily turn into new jump
[14:13] {Threei} no new positions
[14:13] {Threei} let it resolve itself
[14:13] {magoo} oh oh
[14:14] * dptl slaps ThurstonHowellTheThird around a bit with a large trout
[14:20] {Threei} see this immediate jump back?
[14:20] {Threei} tell me I don't have a crystal ball...
[14:21] {magoo} you're good
[14:21] {bruce} you don't have a crystal ball
[14:21] {Threei} let me walk around a bit and listen to the sound..
[14:23] {bruce} the sounds of trouts slapping?
[14:23] {Threei} lol
[14:23] {Threei} JPM
[14:23] {magoo} trout???
[14:23] {Threei} watching for long scalp on bounce
[14:23] * magoo slaps Threei around a bit with a large trout
[14:23] * magoo slaps bruce around a bit with a large trout
[14:24] {Threei} want closer to 46
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} take that
[14:24] * bruce slaps magoo around a bit with a large trout
[14:24] {bruce} double trouble
[14:25] * Threei slaps both bruce and magoo around a bit with crystal ball wrapped in a paper used previously for wrapping a trrout
[14:25] {dptl} lol
[14:26] {Threei} first strength from here, JPM
[14:26] {Threei} in
[14:26] {Threei} got .47
[14:27] {Threei} .89 stop
[14:27] {Threei} .97 sorry
[14:27] {Threei} grr... .97 entry, .89 stop
[14:28] {Threei} out
[14:28] {Threei} still feels ready to bounce to me, maybe a few more downticks
[14:29] {bruce} out ibm +.18 c on vadsters instructions to be conservative
[14:30] {Threei} good one
[14:30] {bruce} worked - not really enough for risk
[14:30] {bruce} but hey
[14:30] {bruce} I'll take the coin
[14:31] {bruce} doggy duty break
[14:31] {bruce} but first
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] * bruce slaps magoo around a bit with a large trout
[14:31] {bruce} wake up magoo!
[14:31] * bruce slaps magoo around a bit with a large trout
[14:36] {magoo} magoo bounces face off keyboard..wakes up...
[14:43] {magoo} vad, poerup or blowup last hour?
[14:44] {Threei} no 'staying right here" option?
[14:47] {magoo} c'mon, what u feel?
[14:47] {Threei} up
[14:48] {Threei} anyone went for second round JPM, don't oversit it
[14:55] {dptl} Vad what was that symbol really expensive one....brk.r or bkr..or what?
[14:55] {Threei} brk.a
[14:55] {dptl} oh ty
[14:55] {Threei} watching V for possible short
[15:02] {Threei} anyone took it on jump back into 68?
[15:02] {Threei} blinked there a bit too fast for alert
[15:13] {Threei} .86 V long if holding above .80
[15:16] {Threei} take scalp
[15:16] {Threei} easy 15 cents
[15:16] {Threei} 1:2
[15:17] {Threei} OK guys, you all are asleep and I am beat
[15:17] {jmb} Thanks V
[15:17] {Threei} I'll bid you great relaxing weekend
[15:17] {Threei} jmb :)
[15:18] {magoo} ty vad
[15:18] {hawkfan4} thanks vad, enjoy
[15:18] {Threei} have a nice rest, ssee you all on Monday
[15:18] {bruce} you can't quit early vad
[15:18] {judijim} take care Vad, see you Monday:)
[15:18] {Threei} watch me
[15:18] {Threei} :)
[15:18] {dptl} .....have a good weekend all :)
[15:18] {bruce} mags would never forgive you
[15:18] {Threei} I'll find him a nice winner on Monday and bribe him with it
[15:19] {bruce} lol - guess you know mage pretty well
[15:19] {bruce} have a good un
[15:19] {bruce} calling it day myself
[15:19] {Threei} no but i am good at bribery
[15:19] {bruce} take care all
[15:19] {bruce} yes - and friedns that break kneecaps can always be used if bribes don't work
[15:20] {Threei} there... soviet mentality rubs off of you :)
[15:23] {bruce} yes - nice peoceful folks those soviets
[15:23] {bruce} bye all
[15:49] {markweb} take care all
[16:07] {magoo} good nite all
Thursday, April 17, 2008
Apr 17 2008
Session Time: Thu Apr 17 00:00:00 2008
[08:05] {Threei} SPWR
[08:05] {Threei} REPORTS Q1 $0.39 V $0.35E; R $273.7M V $245.2ME
- Gross margins 24%
[08:05] {Threei} - Guides FY EPS $2.10- 2.20 v 2.07e
[08:22] {fernp} gm
[08:25] {Threei} fernp :)
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 372K V 375KE;
[08:30] {Threei} CONTINUING CLAIMS: 2.984MM V 2.950ME
- Prior Initial Jobless Claims revised from 357K to 355K
[08:30] {Threei} - Prior Continuing Claims revised from 2.940M to 2.958M
[09:00] {Onix} Good morning pilgrims
[09:00] {Threei} onix :)
[09:07] {magoo} morning
[09:07] {GeoArb} gm
[09:07] {Threei} magoo, geo :)
[09:08] {magoo} ]what a start this morn
[09:08] {magoo} i forgot to put coffee pot under drip in machine
[09:08] {magoo} all 12 cups of coffee direct on carpet
[09:08] {magoo} then computer issues..needed tp reboot our dsl box
[09:09] {magoo} sigh
[09:09] {Threei} wow
[09:09] {magoo} i been here since 8:20 am
[09:09] {Threei} {--- waiting for the part explaining how all that is my fault
[09:09] {magoo} then i overflowed clogged sink in bathroom..had to mop thhat floor
[09:11] {Onix} Morning magoo ... at least now you are wide awake hey?
[09:12] {magoo} yeah..no kidding..what a start
[09:12] {magoo} hope it not a sign of day to come
[09:12] {dptl} good morning all
[09:13] {Threei} dp :)
[09:13] {Onix} its seems as if there is quite a bit of selling going on pre-market in the nd-100?
[09:15] {Threei} yup
[09:15] {markweb} good morning all
[09:15] {Threei} even with IBM good numbers
[09:15] {Threei} mark :)
[09:15] {markweb} :)
[09:16] {Onix} profit-taking after yesterday's up or stall of up move?
[09:17] {magoo} IBM hit over 125 afterhrs last night
[09:17] {magoo} RIMM powered 122 area and AAPL 155 with it
[09:18] {Threei} anyone's guess Onix
[09:18] {Threei} this is not a market obeying normal technical patterns in any timeframe beyond minutes
[09:20] {GeoArb} i got kicked out
[09:20] {GeoArb} and it said error no more connections
[09:22] {Onix} I am starting to prefer scalping to swing/momentum trading
[09:24] {esemde} Good morning
[09:24] {markweb} ese)
[09:24] {esemde} mark
[09:24] {Threei} ese :)
[09:24] {esemde} vad
[09:29] {Threei} IBM
[09:29] {Threei} PRICE TARGET RAISED TO $155 FROM $140 AT S&P EQUITY RESEARCH; MAINTAINS STRONG BUY RATING
[09:30] {Threei} serious dump IBM
[09:30] {magoo} if IF mkt bounces IBM should
[09:30] {Threei} bounce candidate for sure, just too fast to call in time
[09:31] {Threei} see?
[09:31] {Threei} 60 cents while I typed
[09:31] {magoo} yep
[09:32] {ThurstonHowellTheThird} gm all
[09:32] {Threei} EPIC half lot short on 8 breakdown
[09:32] {Threei} thtt :)
[09:33] {Threei} stop 8.25
[09:35] {Threei} too volatile... let's tighten it to abive 8.10
[09:35] {Threei} if shakes out so be it
[09:36] {Threei} feel free to dump it, jumps too much
[09:39] {Threei} PTEN
[09:39] {Threei} .50 long
[09:39] {Threei} stop under .35
[09:39] {magoo} AAPL held that naz dump well
[09:40] {GeoArb} wo that was fast
[09:40] {Threei} PTEN 1:1, 1/3 out for me
[09:40] {Threei} 1/2 sorry
[09:41] {Threei} looks capable of more
[09:41] {Roman}
21 JASO high
[09:41] {Threei} CSIQ and CSUN strength too
[09:43] {Threei} .44 stop for the balance PTEN
[09:43] {Threei} feels a bit too tight for this stock but I really don't want to give much back
[09:44] {Threei} EBAY
[09:44] {Threei} short candidate on bounce
[09:45] {Threei} as close to 31 as possible
[09:45] {magoo} EBAY report bad?
[09:46] {Threei} not really
[09:46] {Threei} concerns about future
[09:48] {Threei} 31.20 next resistance
[09:48] {Threei} if got it here, keep stop above that level
[09:49] {magoo} waiting .74 PTEN
[09:49] {magoo} here we go
[09:49] {Roman}
21 long ESLR
[09:49] {Roman}
21 10.95 1/2 size
[09:49] {Threei} ESLR earnings today, don't forget
[09:50] {magoo} after bell Right?
[09:50] {Threei} yes
[09:50] {magoo} may hold it back
[09:50] {Threei} or propel it
[09:50] {magoo} although ..who knows
[09:50] {Threei} just adds uncertainty
[09:50] {magoo} rimm long here
[09:51] {magoo} RISKY
[09:51] {Threei} as traders reposition themselves according to how they see earnings
[09:51] {magoo} wait for naz bounce firsyyt
[09:52] {Threei} let's tighten EBAY to .15
[09:52] {Threei} don't want to run into higherlow/highs scenario
[09:52] {magoo} vad..read on RIMM..not in
[09:52] {Threei} if it takes .15, it's unlikely that .20 is going to hold
[09:53] {Threei} RIMM, I'd look for entry closer to .20
[09:53] {magoo} damm..now my office bulbs are dying...flourecent
[09:54] {esemde} SOLF
[09:54] {magoo} vad..look aapl..no connection to naz
[09:54] {Threei} move your lazy butt already PTEN
[09:54] {magoo} where u waiting?
[09:54] {Threei} stop to .49 btw
[09:55] {Threei} no price target, will feed patrials into sharp spikes if they come
[09:56] {Threei} EBAY, just what I thought
[09:56] {esemde} SOLF didn't get the order in fast enough
[09:56] {magoo} i was gonna use your call in reverse
[09:56] {Threei} buy .15?
[09:56] {magoo} as in ebay break of .15 long lol
[09:56] {Threei} why not
[09:56] {magoo} cause i have all attention on rimm
[09:57] {Threei} a lotr of setups are two-sided
[09:57] {magoo} i don't have 3 eyes
[09:57] {Threei} ask STEM for help in growing it
[09:58] {magoo} u know how i feel about that one...its been banned from spoken words in this kingdom
[09:59] {ThurstonHowellTheThird} NFLX?
[09:59] {Threei} TMA
[09:59] {Threei} TICKING HIGHER, HEARING MERGERMARKETS REPORTS THAT DB IS PLANNING ROLE IN ATTEMPTED SAVE OF CO.
[10:00] {Threei} MAR LEADING INDICATORS: 0.1% V 0.1%E
[10:00] {esemde} Theres NUAN again
[10:00] {Threei} APRIL PHILADELPHIA FED INDEX: -24.9 V -15.0E
[10:00] {Threei} yikes
[10:01] {Threei} - New Orders: -18.8 v -9.3 prior
[10:01] {Threei} - Employment: -4.7 v -4.7 prior
[10:01] {Threei} - Prices Paid: 51.6 v 54.4 prior
[10:01] {Threei} - Inventories: -26.2 v -13 prior
[10:01] {esemde} NUAN 3 month high
[10:02] {Threei} Six-month business conditions outlook: 13.7 v -10.5 prior
[10:04] {Threei} well, the numbers are so bad, market just has to go up
[10:04] {esemde} any news on NUAN VAD
[10:04] {Threei} RIMM .51 long if holding above .30
[10:05] {Threei} not ffresh
[10:05] {Threei} 04/16/08 09:38am [NUAN] Strength being attributed to takeover chatter
[10:05] {esemde} hmmmmmm
[10:06] {Threei} RIMM invalidated
[10:06] {Threei} bounce candidate but not a break anymore
[10:06] {Threei} PTEN balance stop to .54
[10:07] {esemde} long ASML 27.15 1/2 lot
[10:10] {dptl} out ebay +.20 ty
[10:10] {Threei} good boy PTEN
[10:11] {Threei} out 1/4 more
[10:11] {esemde} good looking tade PTEN vad
[10:11] {Threei} .54 stop for remaining portion, letting it trade
[10:11] {esemde} thats "trade"
[10:12] {Threei} our dubious typing skills tend to rub off ese :)
[10:13] {Threei} lol... look at the chart since comment
[10:13] {Threei} [10:04] {Threei} well, the numbers are so bad, market just has to go up
[10:14] {esemde} it's gonna hit 29.00 though
[10:15] {Threei} PTEN is in uncharted territory... 52 week highs
[10:16] {esemde} could go farther then.......nobody selling up there
[10:17] {dptl} asml +.11 ty Ese
[10:17] {Threei} NSANY strength is attributed to rumors that Threei is going to update his Murano to 2009 model
[10:18] {markweb} out ASML +.16 ThanksESE:)
[10:18] {Threei} good job guys
[10:19] {esemde} welcome.....just going to hang for another little push
[10:19] {Threei} when CTDC starts p;opping on scanner amidst solars strength, you know HOKU is next, lol
[10:20] {esemde} OUT ASML
[10:20] {markweb} gj ese
[10:21] {esemde} that slipped out......
[10:21] {esemde} Am out now .47 was just gettingg ready
[10:22] {markweb} ASML "little push":)
[10:22] {esemde} +.32
[10:22] {Threei} PTEN stop to .59
[10:23] {esemde} was looking for that litle blow off top
[10:26] {esemde} NUAN baby!!!
[10:27] {markweb} u in nuan?
[10:27] {esemde} no.....
[10:27] {markweb} me2:)
[10:28] {esemde} Vad was there a price target mentioned on those take over rumnors
[10:28] {esemde} for nuan that is
[10:28] {Threei} no
[10:30] {bruce} l sds 59.85 stop .68
[10:30] {esemde} lotws ofselling at .95 to 20.00 level
[10:30] {esemde} could really go if it gets through that
[10:30] {Threei} ENER looks tempting on pullback
[10:30] {Threei} .60 closest support
[10:32] {esemde} I get this "somebody knows something " feeling about nuan
[10:33] {Threei} scary trade, for adrenalin deprived: POT
[10:33] {Threei} likely to go to 200 and break it
[10:33] {Threei} volatility is enormous
[10:34] {esemde} indeed
[10:34] {Threei} no exact call, see if you can get a read on it, stay away if not
[10:34] {Roman}
21 ANKS & JASO near highs
[10:35] {Threei} SOLF too
[10:35] {Threei} ENER near support
[10:35] {esemde} POT from my home province Saskatchewan
[10:36] {magoo} in .44
[10:36] {magoo} wait 200.44
[10:36] {Threei} FSLR, CSIQ... solars are on a roll
[10:37] {esemde} when i was a brakeman on the railroad puting myself through college....used that take potash cars out there daily
[10:39] {bruce} stopped sds
[10:39] {Roman}
21 STP
[10:40] {Roman}
21 out 1/2 ESLR +.20
[10:40] {esemde} is 200 a 5 year or 10 year high or something for POT
[10:41] {Roman}
21 COIN picking up steam
[10:42] {magoo} stopped POT
[10:43] {Roman}
21 DSTI another solar on radar
[10:46] {Threei} PNC CFO: - "We are in the worst housing market in the recorded history of the United States"
[10:50] {esemde} is that what they are saying vad
[10:50] {esemde} seems a litle hard to conceive after the 30's
[10:52] {bruce} l avt 27.80 stop 10 c
[10:54] {bruce} stopped avt
[10:54] {Threei} done with PTEN
[10:56] {Roman}
21 long JASO small
[10:56] {Roman}
21 24.68
[10:57] {magoo} why was POT up?news? could be a bouncer
[10:57] {Threei} 06:12am [POT] Price target raised to $300 from $250 at RBC
[10:57] {Roman}
21 for a bounce with a stop 24.50
[10:57] {Threei} plus general climate in food/fertilizers
[11:02] {Roman}
21 out JASO
[11:04] {Threei} I guess NFLX meteoric rise can be attributed to people being so disgusted with reality, they just want to get as many videos as they can and sit and watch them
[11:05] {GeoArb} lol
[11:05] {esemde} I would go along with that Vad
[11:05] {esemde} At least thats what the New Robert Redford film "Lions For Lambs" is all about...
[11:10] {Roman}
21 long CSIQ
[11:10] {Roman}
21 26.88 small
[11:11] {Roman}
21 looking for a bounce
[11:15] {Roman}
21 out CSIQ +.35
[11:15] {Roman}
21 very thin
[11:16] {Chaeron} GM all. Sorry I'm late
[11:16] {Threei} chaeron :)
[11:23] {Threei} ALTR 21.19 short if stays below .30
[11:27] {GeoArb} so.....
[11:27] {GeoArb} invalid?
[11:27] {GeoArb} or people ion?
[11:27] {GeoArb} in
[11:27] {Threei} it did go over .30, no?
[11:28] {GeoArb} well i am sure some people might not have taken the sugesstion :)
[11:28] {Threei} that's discretionary
[11:28] {GeoArb} i am flat... had left the screen so asking
[11:28] {Threei} risk is increased
[11:28] {esemde} outta here for the day all....
[11:28] {Threei} as resistance now is farther from trigger
[11:28] {GeoArb} also wasnt a decisive break
[11:28] {Threei} take care ese
[11:29] {esemde} see ya vad
[11:31] {magoo} altr vad..aren't u thinking it hols too well here?
[11:31] {magoo} hold=holds
[11:31] {Threei} so far, yes
[11:31] {Threei} double top scenario didn't materialize
[11:36] {Threei} watch RIMM for bounce
[11:44] {GeoArb} tom april option exp?
[11:47] {Threei} .50 break long RIMM if stays above .35
[11:48] {Threei} not holding support
[11:49] {Threei} ALTR trying to break high... believe it or not
[11:55] {dptl} ah....got to leave ...have a good rest of the day all,seeya tomorrow :)
[11:55] {Threei} take care dp
[11:56] {dptl} 8 out of 10 today not bad
[11:56] {Threei} I'll say
[11:56] {Threei} that bad day at the start of the week helped you renew
[11:56] {Threei} sometimes need that :)
[11:57] {dptl} yeah ..like reality check
[12:09] {Threei} ASTM
[12:09] {Threei} REPORTS ENCOURAGING CLINICAL DATA FROM FIRST EU COMPASSIONATE USE CARDIAC PATIENTS
- Announced encouraging data from the first two compassionate use patients treated with the Company's autologous stem cell therapy for dilated cardiomyopathy (DCM), a type of severe chronic heart failure.
[12:09] {Threei} - Aastrom is on track for submission of a U.S. Investigational New Drug (IND) application for a cardiac regeneration clinical trial using CRCs during 2008. The Company's ultimate target market for CRCs in the U.S. is 1.8 mi
[12:15] {Threei} ALTR, agggressive long .41
[12:16] {Threei} .35 support
[12:21] {Threei} CPST is highly irritating...
[12:23] {Threei} sometimes risk adversity keeps one from nice trades... couple dasys ago I was on a brink of calling DYII swing trade at 5.10
[12:24] {Threei} then decided it was crazy to go into swings in this masrket
[12:24] {Threei} crying now
[12:40] {Threei} everyone's asleep?
[12:41] {GeoArb} oh just waiting for you to finish crying
[12:41] {GeoArb} didt want to be rude
[12:41] {magoo} here
[12:41] {hawkfan4} half sleeping
[12:45] {Threei} i appreciate the sensitivity geo
[12:45] {Threei} ALTR invalidated
[12:51] {Threei} aimless wandering in the market'
[12:55] {Threei} AMZN
[12:55] {Threei} 74 break long
[12:55] {Threei} if stays above .90
[12:56] {Threei} 73.80 is a short trigger if it can't break olut
[12:57] {Threei} a bit too far from resistance, so be careful not to short into fast drop
[12:58] {Threei} take a look at 11:40 - 11:57 period to see what mean,
[12:58] {Threei} sharp drops into support followed by bounces
[12:59] {Threei} hunterlayne, you here?
[13:00] {Threei} FRE
[13:00] {Threei} SAYS TO BUY MORTGAGES FROM WELLS FARGO, JPM AND CTITGROUP
[13:01] {Threei} hmmm... mortgages become attractive buy?
[13:03] {Threei} I can sell mine to FRE... or whoever
[13:04] {GeoArb} stopped AMZN
[13:06] {_hunterlayne} Here
[13:06] {_hunterlayne} what ticker are you suggesting at 73.80
[13:06] {Threei} you wanted to ask something about RT yesterday?
[13:06] {_hunterlayne} not really, I just wanted to socialize and get to know the few people that were in the chat room
[13:06] {_hunterlayne} I'm seeing if I'm interested in this
[13:06] {Threei} OK... they are not usually here that late :)
[13:07] {Threei} that was about AMZN... didn't really show any setup either way
[13:07] {_hunterlayne} haha, yea I figured
[13:07] {Threei} invalidated long by losing support, then did the same to short
[13:07] {GeoArb} hmmm i missed that
[13:07] {GeoArb} paid for it
[13:08] {Threei} it lost .90 twice before breaking 74 geo
[13:08] {Threei} on volatile stock, sometimes little loss of support is OK,
[13:08] {GeoArb} what can i say.........
[13:08] {Threei} but twice - nah
[13:08] {GeoArb} :)
[13:08] {Threei} I don't know... if you are watching a stock for setup, are you really watching it? :)
[13:09] {GeoArb} yup .88 .89
[13:09] {_hunterlayne} The only problem I have is that I'm in college and I have lots of school work
[13:09] {Threei} hmmm
[13:09] {_hunterlayne} and day trading (since I gained access to my account) has been fairly distracting lol
[13:09] {Threei} maybe it's a good idea to finish a college first? :)
[13:10] {Threei} I don't want to present an obstacle on your way to education
[13:10] {_hunterlayne} haha, you aren't I promise
[13:10] {Threei} not telling you what to do of course
[13:10] {_hunterlayne} I already have my acceptance into dental school in the bag.. so don't worry
[13:10] {Threei} just offering options :)
[13:11] {Threei} OK, you know your situation better than anyone else
[13:11] {Threei} so... Seifield was right, and dentists do have their own schools?
[13:12] {_hunterlayne} Yup
[13:12] {_hunterlayne} I haven't seen that episode, but yes we do have 'Dental Schools'
[13:12] * Threei slaps magoo around a bit with a large trout
[13:13] {Threei} find it... funny one
[13:13] {ThurstonHowellTheThird} I think magoo is an anti-dentite
[13:13] {Threei} he certainly is
[13:13] {_hunterlayne} lol
[13:14] {_hunterlayne} What are your thoughts on RBCN, Vad?
[13:15] {Threei} volume is way too low to structure any play intraday
[13:15] {Threei} kind of "trades by appointment"
[13:16] {Threei} by daily chart, 25 is critical junction for it
[13:17] {Threei} if it comes to 25 slowly, consolidates a little and breaks, has a good chance for recovery
[13:17] {_hunterlayne} I'll keep that in mind
[13:18] {Threei} and for any pattern to become more reliable on it, it needs real volume
[13:18] {_hunterlayne} Were you guys around for Bear Stearns??
[13:18] {Threei} we watched in awe
[13:18] {Threei} lol
[13:18] {_hunterlayne} loll
[13:18] {_hunterlayne} me too
[13:18] {_hunterlayne} I wish I would have bought when it bottomed out.. I was so close
[13:19] {Threei} wait... what was it that we shorted
[13:19] {Threei} and rode down like 15 points
[13:19] {Threei} Geo, you played it
[13:19] {Threei} was it BSC or something elsea?
[13:19] {GeoArb} yeah
[13:19] {Threei} ahha
[13:19] {GeoArb} only 6 points though
[13:19] {GeoArb} that has been paying for all my misakes this week
[13:19] {Threei} well... can't really blame you for covering that monster too soon, lol
[13:20] {GeoArb} yeah i was scared
[13:20] {Threei} who would have thought thing could tank like that
[13:20] {_hunterlayne} lol yea, wayy too risky. I just left it as personal entertainment
[13:21] {Threei} that was the day before its infampus gapo to 2, right?
[13:21] {GeoArb} glad i closed
[13:22] {Threei} why... if you held, you would have made a history
[13:22] {Threei} probably got invetsigated by SEC too
[13:22] {GeoArb} could have gone either way :)
[13:22] {GeoArb} not for 200 shares
[13:22] {_hunterlayne} Vad, citibank?
[13:22] {Threei} wrong... they won't touch one who did million... but small time trader, let's get him
[13:23] {_hunterlayne} tell me whats wrong/right with it right now
[13:23] {Threei} I've no idea
[13:23] {Threei} you know... steal a million, you are an enterpreneur... steal 100 bucks, you are criminal
[13:24] {GeoArb} yeah kill one guy youre a murderer
[13:24] {GeoArb} kill milions
[13:24] {GeoArb} Alexander the great
[13:24] {Threei} right
[13:24] {Threei} hunter... all banks/financials are pretty much gamble right now
[13:25] {Threei} financial situation, credit problems, liquidity problems are very serious
[13:25] {_hunterlayne} I meant Citigroup
[13:25] {_hunterlayne} sorry
[13:25] {Threei} what general public sees in a form of subprime crisis is just a tip of iceberg
[13:26] {Threei} will Fed/goverment be able to prevent the total colapse or not, is open question
[13:26] {GeoArb} you guys heard about the LIBOR and how all banks might be lieing?
[13:26] {Threei} and if they will, it still doesn't mean there won't be a failed bank here and there
[13:26] {GeoArb} WSJ article yesterday
[13:26] {Threei} yes Geo
[13:27] {Threei} LIBOR is not confirming what they say
[13:27] {Threei} it's being said by different analysts over last month or so
[13:27] {GeoArb} also peole not trusting LIBOR
[13:27] {GeoArb} as banks not reporting the correct borrowing rate
[13:27] {GeoArb} as it tells everyone they were desparate
[13:28] {Threei} on the other side of equation,
[13:28] {Threei} intervention in BSC fiasco shows to what depth powers that be are willing to go in order to prevent systemic failure
[13:28] {GeoArb} as a freind of mine said..... forget gold and silver.....
[13:29] {GeoArb} the only metal that matters is lead lol
[13:29] {Threei} lol
[13:29] {Threei} reminds me old Soviet joke
[13:30] {Threei} optimists study English... pessimists study Chinese... realists study Kalashnikoff
[13:32] {fernp} LOL
[13:32] {Threei} thank you fernp
[13:33] {Threei} I thought soviet style of humor was too out there... your mercy laugh saved me
[13:33] {fernp} european style
[13:34] {Threei} yeah... let's trout these north americans
[13:34] * Threei slaps Laserdave1 around a bit with a large trout
[13:34] {Threei} wait... I am one of them
[13:34] {Threei} cancel that
[13:34] {fernp} ok. lol
[13:35] {_hunterlayne} lets make some money
[13:35] {_hunterlayne} I need cash to sustain my college boozing lifestyle!!
[13:35] {Threei} could be a good idea
[13:35] {Threei} novel one too
[13:36] {fernp} doing it in HBAN
[13:36] {GeoArb} ya know i left college 10 years ago..
[13:36] {GeoArb} booze never stopped
[13:36] {Threei} bathtub vodka is cheap
[13:37] {_hunterlayne} haha
[13:37] {Threei} what price are you in at HBAN?
[13:39] {_hunterlayne} im up 27 bucks
[13:39] {_hunterlayne} lol
[13:40] {Threei} big bottle of vodka
[13:40] {fernp} 9.91
[13:40] {fernp} bottom of range
[13:41] {_hunterlayne} haha, what broker do you guys use?
[13:41] {fernp} out 10.12
[13:41] {Threei} wtg
[13:41] {Threei} icon on our website hunter
[13:41] {_hunterlayne} ohh yea, that's right
[13:46] {Threei} FED'S FISHER: 'STRONG RELUCTANCE' TO MORE MONETARY EASING, 'INFLATING OUR WAY OUT' OF THE MESS NOT THE ANSWER- Notes using discount window tools is an answer, and Fed aims to 'prudently restore efficacy'
[13:47] {Threei} do I hear some actual comkon sense from feds?
[13:49] {Threei} market really stuck
[13:49] {_hunterlayne} for real
[13:49] {_hunterlayne} boring
[13:49] {Threei} NFLX continues making new highs
[13:49] {Threei} a bit too thin for a safe trade
[13:50] {GeoArb} nice BK
[13:50] {GeoArb} in since 42.74
[13:50] {GeoArb} only 200 though
[13:50] {GeoArb} trying to erase AMZN blooper
[13:50] {Threei} so you guys are taking trades and holding out on us?
[13:51] * Threei slowly unholsters the trout
[13:51] {GeoArb} if i had conviction.....
[13:51] {GeoArb} i would tell em al
[13:51] {_hunterlayne} lol
[13:51] {GeoArb} pls pls
[13:51] {GeoArb} its still at a good point vad :)
[13:53] {Threei} US HOUSE BACKS BILL GEARED TOWARDS STABILIZING STUDENT LOAN INDUSTRY
[13:53] {Threei} you are safe hunter
[13:54] {_hunterlayne} lol
[13:54] {Threei} RIMM small long closer to .50
[13:54] {Threei} seems to be locked for a while between .50 and 119
[13:58] {_hunterlayne} are you going to get in?
[13:59] {_hunterlayne} if so, where at exactly
[13:59] {Threei} too far from support
[13:59] {Threei} not chasing it
[14:00] {Threei} it moves between 118.5 and 119 for a while, what's the point in buying that closer to upper l,imit
[14:01] {_hunterlayne} true
[14:03] {_hunterlayne} I might short NFLX
[14:04] {Threei} why?
[14:04] {fernp} the market is too quiet
[14:05] {Threei} could be quiet before the storm
[14:05] {Threei} or could be taking a breather after yesterday's stunning rally
[14:06] {_hunterlayne} breather
[14:06] {_hunterlayne} what's the most anyone here has made in 1 day
[14:06] {patience} scalping or swing trade
[14:07] {_hunterlayne} scalping
[14:08] {Threei} magoo fell asleep.. or he would have told you some impressive numbers
[14:08] {Threei} he is risk taker though
[14:08] {GeoArb} i would be interested to see the answers :)
[14:08] {patience} i was going to say, used to love watching magoo trade on momo fridays we used to have
[14:08] {magoo} market has long changed
[14:09] {GeoArb} i only saw curtis
[14:09] {GeoArb} you banned him vad?
[14:09] {magoo} we don't get the momo anymore
[14:09] {patience} i agree magoo
[14:09] {Threei} we will
[14:09] {Threei} things go in cycles
[14:09] {magoo} but, since u asked...on BIDU ipo...i scalped 12k in 1 day
[14:09] {_hunterlayne} wow
[14:09] {_hunterlayne} you guys do alot of IPOs?
[14:10] {magoo} no
[14:10] {GeoArb} i am just awed
[14:10] {GeoArb} you touched BIDU IPO
[14:10] {magoo} just happened to be THE ONE
[14:11] {_hunterlayne} what range of prices do your scalps usually consist of?? do you have a set number, or do you take green as much as possible
[14:12] {Threei} huinter... too invloved
[14:12] {Threei} this is not something answered in a framework of room discussion
[14:12] {magoo} laser dcc
[14:12] {_hunterlayne} k, sorry. won't happen again
[14:13] {Threei} nothing to be sorry about :)
[14:13] {Threei} it's just that we have structured system of educational materials
[14:13] {Threei} books, videos, courses
[14:14] {Threei} kind of hard to squeeze their content in QA format here as you sure understand :)
[14:14] {_hunterlayne} I completely understand
[14:17] {markweb} RIMM in.55 out .85 Thanks Vad
[14:18] {Threei} perfect
[14:18] {Threei} I was waiting to see who heeded and utilized
[14:18] {markweb} ty
[14:19] {Threei} good job mark
[14:19] {markweb} stop was @.38
[14:20] {magoo} LASERDAVE DCC
[14:21] * Chaeron slaps Laserdave1 around a bit with a large trout
[14:22] {magoo} everyone, i haveafternoon apptmts..got to go soon
[14:22] {Chaeron} c ya bro
[14:22] {GeoArb} bye magoo
[14:22] {_hunterlayne} Bye bye now
[14:30] {Threei} hopefully action picks up last hour
[14:31] {Threei} for now it's a one=legged snail trying to navigate molasses
[14:31] {Threei} are there two-legged snails?
[14:32] {markweb} WM Vad?
[14:33] {Threei} I'd try it long if it touches .40, retreats, holdsa .30 or so and breaks
[14:33] {markweb} ty
[14:33] {Threei} alternatively, conolidates a bit betwen .30 and day high
[14:33] {Threei} then breaks
[14:35] {Threei} RIMM starts consolidating closer to 119
[14:35] {Threei} if continues doing this not trying to retreat all the way to 118.5 anymore, break will become a play
[14:35] {Threei} with market help of course
[14:38] {_hunterlayne} .43 ahhh
[14:41] {Threei} RIMM repeated range move
[14:42] {_hunterlayne} WM moving baack down
[14:44] {markweb} WM in @.35 out @39 +0.04 HA,HA
[14:45] {Threei} 5K?
[14:45] {markweb} 300
[14:45] {Threei} OK... fingers exercise :)
[14:46] {GeoArb} thats lunch
[14:46] {markweb} my lunch is $1.99
[14:47] {GeoArb} where do you live?
[14:47] {GeoArb} i wanna move
[14:47] {markweb} Toronto
[14:47] {GeoArb} ahh
[14:47] {GeoArb} was there for christmas a few yrs ago
[14:47] {GeoArb} my face froze off and fell to the ground
[14:48] {markweb} Trade like me, and you will have lunch fo r$ .99
[14:48] {GeoArb} and then there were locals with open hair
[14:48] {GeoArb} :)
[14:49] {GeoArb} vad comeon comeon i need luch money
[14:50] {GeoArb} or chinese buffet it is
[14:53] {Threei} missed RIMM short... wanted .95
[14:56] {Threei} any NQ strength, grab RIMM
[14:56] {Threei} for long
[14:57] {_hunterlayne} WM back down to .30.. vad
[14:57] {Threei} looks OK for scalp
[14:58] {Threei} oops... no chhasing
[14:58] {Threei} jumped 5 cents in a blink of eye
[14:58] {markweb} in RIMM@55
[14:59] {markweb} stpop45, target 85
[14:59] {Chaeron} with you at .57
[14:59] {Chaeron} what the...
[14:59] {Threei} sharp downtick NQ
[15:00] {markweb} HA}HA
[15:00] {markweb} no lunch for 1.99:)
[15:00] {_hunterlayne} in at .33 RIMM
[15:00] {Threei} FED'S LACKER: INFLATION IS A PROBLEM, IT IS A TOO HIGH
[15:00] {_hunterlayne} too soon fellas! =)
[15:00] {Threei} you don't say
[15:01] {Threei} fed mastered the obvious really well I see
[15:01] {Threei} don't oversit RIMM
[15:02] {Threei} too many shakeouts
[15:02] {markweb} &*^%&*^% FED
[15:02] {Chaeron} *sigh*
[15:03] {markweb} nice set up:):):)
[15:03] {Threei} market takes this kind of speeches as a hint that rates may be hiked
[15:03] {Chaeron} I don't know how or what but hit wrong button or something and got out at breakeven... still trying to figure out
[15:04] {Chaeron} maybe I can blame it on the cat.....
[15:04] {_hunterlayne} in at .33 out at .80
[15:04] {_hunterlayne} my first with you guys
[15:04] {Chaeron} nice hunter
[15:04] {_hunterlayne} I could only afford 120 shares though
[15:04] {_hunterlayne} my margin is all locked up lol
[15:04] {Threei} fine for RIMM
[15:04] {Threei} no need to trade it with big size
[15:04] {markweb} i play RIMM 75-100shares
[15:05] {Threei} even magoo not playing more than 3K on RIMM
[15:05] {magoo} anyone think goog will surprise and RISE?
[15:05] {_hunterlayne} lol
[15:06] {Threei} see mags... it's very flattering that you think we think
[15:06] {Threei} but truth be told... we don't
[15:06] {magoo} vad really..dcc me
[15:18] {Threei} for this I need translation:
[15:18] {Threei} FED'S FISHER: MUST TRUST AND VERIFY ON INFLATION TREND
[15:21] {markweb} Vad, u in RIMM?
[15:23] {Threei} not right now
[15:23] {markweb} thx
[15:30] {Threei} Fisher:
[15:30] {Threei} - Inflation pressure is in euro terms, not just dollars.Global demand is driving up price pressures for energy and food.
[15:30] {Threei} - Libor turmoil won't impact liquidity measures. Can't comment on investigation into Libor rates. Needs to learn more on Libor issue.
[15:30] {Threei} - The latest CPI data is encouraging. Doesn't know how long the economic turmoil will last.
[15:30] {Threei} - says he sees some encouraging data on inflation.
[15:32] {Threei} RIMM should be a bounce here
[15:32] {Threei} waiting to see NQ greening
[15:33] {Threei} in
[15:33] {Threei} .02
[15:33] {Threei} stop under .90
[15:36] {Threei} half out
[15:36] {Threei} +.20
[15:36] {Threei} stop .99
[15:37] {Threei} geo... you asked for lunch money??
[15:37] {_hunterlayne} here it comes
[15:37] {_hunterlayne} Filet Mignon
[15:38] {Threei} rare
[15:38] {markweb} for 99c?
[15:39] {Threei} for 99 cents it better be well done
[15:39] {Threei} such price make me suspect it needs some serious termal works :)
[15:39] {markweb} k
[15:40] {Threei} hard to tell if it's just a shakeout for second half or it's done
[15:40] {Threei} as close to end of day I am not takming chances
[15:42] {Threei} did you all fall aslpee again?
[15:43] {Threei} got mesmerized by RIMM blinking?
[15:43] {_hunterlayne} son of a
[15:43] {Chaeron} gun
[15:43] {_hunterlayne} looks like ramen noodles tonight
[15:43] {patience} yesterday was a terrific day....today nada.
[15:45] {_hunterlayne} Today was extremely boring
[15:45] {fernp} Enough for today. I am tired
[15:45] {_hunterlayne} I wasted my day procrastinating from reading a 600 page book on Reagan for nothing
[15:45] {Threei} lol
[15:46] {Threei} I'll stay with Stephen King, thank you
[15:53] {Threei} Ok guys, thank you all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {markweb} WM nice
[15:53] {_hunterlayne} bye Vad
[15:53] {hawkfan4} thanks Vad
[15:54] {Threei} you traded it mark?
[15:54] {markweb} +0.4C
[15:54] {Threei} :)
[15:55] {magoo} vad..stay and put up GOOG numbers
[15:55] {Threei} I'll be on and off next 30 min mags
[15:55] {Threei} if I am lucky to be here when GOOG reports I will
[15:55] {magoo} ok
[15:56] {hawkfan4} i'll put them up when i get them mags
[16:00] {magoo} ty hawk
[16:01] {Threei} REPORTS Q1 $4.84 V $4.52E, R$ (EX-TAC) V $3.61BE
[16:02] {Threei} R $3.70 (EX-TAC) V $3.61BE
[08:05] {Threei} SPWR
[08:05] {Threei} REPORTS Q1 $0.39 V $0.35E; R $273.7M V $245.2ME
- Gross margins 24%
[08:05] {Threei} - Guides FY EPS $2.10- 2.20 v 2.07e
[08:22] {fernp} gm
[08:25] {Threei} fernp :)
[08:30] {Threei} INITIAL JOBLESS CLAIMS: 372K V 375KE;
[08:30] {Threei} CONTINUING CLAIMS: 2.984MM V 2.950ME
- Prior Initial Jobless Claims revised from 357K to 355K
[08:30] {Threei} - Prior Continuing Claims revised from 2.940M to 2.958M
[09:00] {Onix} Good morning pilgrims
[09:00] {Threei} onix :)
[09:07] {magoo} morning
[09:07] {GeoArb} gm
[09:07] {Threei} magoo, geo :)
[09:08] {magoo} ]what a start this morn
[09:08] {magoo} i forgot to put coffee pot under drip in machine
[09:08] {magoo} all 12 cups of coffee direct on carpet
[09:08] {magoo} then computer issues..needed tp reboot our dsl box
[09:09] {magoo} sigh
[09:09] {Threei} wow
[09:09] {magoo} i been here since 8:20 am
[09:09] {Threei} {--- waiting for the part explaining how all that is my fault
[09:09] {magoo} then i overflowed clogged sink in bathroom..had to mop thhat floor
[09:11] {Onix} Morning magoo ... at least now you are wide awake hey?
[09:12] {magoo} yeah..no kidding..what a start
[09:12] {magoo} hope it not a sign of day to come
[09:12] {dptl} good morning all
[09:13] {Threei} dp :)
[09:13] {Onix} its seems as if there is quite a bit of selling going on pre-market in the nd-100?
[09:15] {Threei} yup
[09:15] {markweb} good morning all
[09:15] {Threei} even with IBM good numbers
[09:15] {Threei} mark :)
[09:15] {markweb} :)
[09:16] {Onix} profit-taking after yesterday's up or stall of up move?
[09:17] {magoo} IBM hit over 125 afterhrs last night
[09:17] {magoo} RIMM powered 122 area and AAPL 155 with it
[09:18] {Threei} anyone's guess Onix
[09:18] {Threei} this is not a market obeying normal technical patterns in any timeframe beyond minutes
[09:20] {GeoArb} i got kicked out
[09:20] {GeoArb} and it said error no more connections
[09:22] {Onix} I am starting to prefer scalping to swing/momentum trading
[09:24] {esemde} Good morning
[09:24] {markweb} ese)
[09:24] {esemde} mark
[09:24] {Threei} ese :)
[09:24] {esemde} vad
[09:29] {Threei} IBM
[09:29] {Threei} PRICE TARGET RAISED TO $155 FROM $140 AT S&P EQUITY RESEARCH; MAINTAINS STRONG BUY RATING
[09:30] {Threei} serious dump IBM
[09:30] {magoo} if IF mkt bounces IBM should
[09:30] {Threei} bounce candidate for sure, just too fast to call in time
[09:31] {Threei} see?
[09:31] {Threei} 60 cents while I typed
[09:31] {magoo} yep
[09:32] {ThurstonHowellTheThird} gm all
[09:32] {Threei} EPIC half lot short on 8 breakdown
[09:32] {Threei} thtt :)
[09:33] {Threei} stop 8.25
[09:35] {Threei} too volatile... let's tighten it to abive 8.10
[09:35] {Threei} if shakes out so be it
[09:36] {Threei} feel free to dump it, jumps too much
[09:39] {Threei} PTEN
[09:39] {Threei} .50 long
[09:39] {Threei} stop under .35
[09:39] {magoo} AAPL held that naz dump well
[09:40] {GeoArb} wo that was fast
[09:40] {Threei} PTEN 1:1, 1/3 out for me
[09:40] {Threei} 1/2 sorry
[09:41] {Threei} looks capable of more
[09:41] {Roman}
21 JASO high
[09:41] {Threei} CSIQ and CSUN strength too
[09:43] {Threei} .44 stop for the balance PTEN
[09:43] {Threei} feels a bit too tight for this stock but I really don't want to give much back
[09:44] {Threei} EBAY
[09:44] {Threei} short candidate on bounce
[09:45] {Threei} as close to 31 as possible
[09:45] {magoo} EBAY report bad?
[09:46] {Threei} not really
[09:46] {Threei} concerns about future
[09:48] {Threei} 31.20 next resistance
[09:48] {Threei} if got it here, keep stop above that level
[09:49] {magoo} waiting .74 PTEN
[09:49] {magoo} here we go
[09:49] {Roman}
21 long ESLR
[09:49] {Roman}
21 10.95 1/2 size
[09:49] {Threei} ESLR earnings today, don't forget
[09:50] {magoo} after bell Right?
[09:50] {Threei} yes
[09:50] {magoo} may hold it back
[09:50] {Threei} or propel it
[09:50] {magoo} although ..who knows
[09:50] {Threei} just adds uncertainty
[09:50] {magoo} rimm long here
[09:51] {magoo} RISKY
[09:51] {Threei} as traders reposition themselves according to how they see earnings
[09:51] {magoo} wait for naz bounce firsyyt
[09:52] {Threei} let's tighten EBAY to .15
[09:52] {Threei} don't want to run into higherlow/highs scenario
[09:52] {magoo} vad..read on RIMM..not in
[09:52] {Threei} if it takes .15, it's unlikely that .20 is going to hold
[09:53] {Threei} RIMM, I'd look for entry closer to .20
[09:53] {magoo} damm..now my office bulbs are dying...flourecent
[09:54] {esemde} SOLF
[09:54] {magoo} vad..look aapl..no connection to naz
[09:54] {Threei} move your lazy butt already PTEN
[09:54] {magoo} where u waiting?
[09:54] {Threei} stop to .49 btw
[09:55] {Threei} no price target, will feed patrials into sharp spikes if they come
[09:56] {Threei} EBAY, just what I thought
[09:56] {esemde} SOLF didn't get the order in fast enough
[09:56] {magoo} i was gonna use your call in reverse
[09:56] {Threei} buy .15?
[09:56] {magoo} as in ebay break of .15 long lol
[09:56] {Threei} why not
[09:56] {magoo} cause i have all attention on rimm
[09:57] {Threei} a lotr of setups are two-sided
[09:57] {magoo} i don't have 3 eyes
[09:57] {Threei} ask STEM for help in growing it
[09:58] {magoo} u know how i feel about that one...its been banned from spoken words in this kingdom
[09:59] {ThurstonHowellTheThird} NFLX?
[09:59] {Threei} TMA
[09:59] {Threei} TICKING HIGHER, HEARING MERGERMARKETS REPORTS THAT DB IS PLANNING ROLE IN ATTEMPTED SAVE OF CO.
[10:00] {Threei} MAR LEADING INDICATORS: 0.1% V 0.1%E
[10:00] {esemde} Theres NUAN again
[10:00] {Threei} APRIL PHILADELPHIA FED INDEX: -24.9 V -15.0E
[10:00] {Threei} yikes
[10:01] {Threei} - New Orders: -18.8 v -9.3 prior
[10:01] {Threei} - Employment: -4.7 v -4.7 prior
[10:01] {Threei} - Prices Paid: 51.6 v 54.4 prior
[10:01] {Threei} - Inventories: -26.2 v -13 prior
[10:01] {esemde} NUAN 3 month high
[10:02] {Threei} Six-month business conditions outlook: 13.7 v -10.5 prior
[10:04] {Threei} well, the numbers are so bad, market just has to go up
[10:04] {esemde} any news on NUAN VAD
[10:04] {Threei} RIMM .51 long if holding above .30
[10:05] {Threei} not ffresh
[10:05] {Threei} 04/16/08 09:38am [NUAN] Strength being attributed to takeover chatter
[10:05] {esemde} hmmmmmm
[10:06] {Threei} RIMM invalidated
[10:06] {Threei} bounce candidate but not a break anymore
[10:06] {Threei} PTEN balance stop to .54
[10:07] {esemde} long ASML 27.15 1/2 lot
[10:10] {dptl} out ebay +.20 ty
[10:10] {Threei} good boy PTEN
[10:11] {Threei} out 1/4 more
[10:11] {esemde} good looking tade PTEN vad
[10:11] {Threei} .54 stop for remaining portion, letting it trade
[10:11] {esemde} thats "trade"
[10:12] {Threei} our dubious typing skills tend to rub off ese :)
[10:13] {Threei} lol... look at the chart since comment
[10:13] {Threei} [10:04] {Threei} well, the numbers are so bad, market just has to go up
[10:14] {esemde} it's gonna hit 29.00 though
[10:15] {Threei} PTEN is in uncharted territory... 52 week highs
[10:16] {esemde} could go farther then.......nobody selling up there
[10:17] {dptl} asml +.11 ty Ese
[10:17] {Threei} NSANY strength is attributed to rumors that Threei is going to update his Murano to 2009 model
[10:18] {markweb} out ASML +.16 ThanksESE:)
[10:18] {Threei} good job guys
[10:19] {esemde} welcome.....just going to hang for another little push
[10:19] {Threei} when CTDC starts p;opping on scanner amidst solars strength, you know HOKU is next, lol
[10:20] {esemde} OUT ASML
[10:20] {markweb} gj ese
[10:21] {esemde} that slipped out......
[10:21] {esemde} Am out now .47 was just gettingg ready
[10:22] {markweb} ASML "little push":)
[10:22] {esemde} +.32
[10:22] {Threei} PTEN stop to .59
[10:23] {esemde} was looking for that litle blow off top
[10:26] {esemde} NUAN baby!!!
[10:27] {markweb} u in nuan?
[10:27] {esemde} no.....
[10:27] {markweb} me2:)
[10:28] {esemde} Vad was there a price target mentioned on those take over rumnors
[10:28] {esemde} for nuan that is
[10:28] {Threei} no
[10:30] {bruce} l sds 59.85 stop .68
[10:30] {esemde} lotws ofselling at .95 to 20.00 level
[10:30] {esemde} could really go if it gets through that
[10:30] {Threei} ENER looks tempting on pullback
[10:30] {Threei} .60 closest support
[10:32] {esemde} I get this "somebody knows something " feeling about nuan
[10:33] {Threei} scary trade, for adrenalin deprived: POT
[10:33] {Threei} likely to go to 200 and break it
[10:33] {Threei} volatility is enormous
[10:34] {esemde} indeed
[10:34] {Threei} no exact call, see if you can get a read on it, stay away if not
[10:34] {Roman}
21 ANKS & JASO near highs
[10:35] {Threei} SOLF too
[10:35] {Threei} ENER near support
[10:35] {esemde} POT from my home province Saskatchewan
[10:36] {magoo} in .44
[10:36] {magoo} wait 200.44
[10:36] {Threei} FSLR, CSIQ... solars are on a roll
[10:37] {esemde} when i was a brakeman on the railroad puting myself through college....used that take potash cars out there daily
[10:39] {bruce} stopped sds
[10:39] {Roman}
21 STP
[10:40] {Roman}
21 out 1/2 ESLR +.20
[10:40] {esemde} is 200 a 5 year or 10 year high or something for POT
[10:41] {Roman}
21 COIN picking up steam
[10:42] {magoo} stopped POT
[10:43] {Roman}
21 DSTI another solar on radar
[10:46] {Threei} PNC CFO: - "We are in the worst housing market in the recorded history of the United States"
[10:50] {esemde} is that what they are saying vad
[10:50] {esemde} seems a litle hard to conceive after the 30's
[10:52] {bruce} l avt 27.80 stop 10 c
[10:54] {bruce} stopped avt
[10:54] {Threei} done with PTEN
[10:56] {Roman}
21 long JASO small
[10:56] {Roman}
21 24.68
[10:57] {magoo} why was POT up?news? could be a bouncer
[10:57] {Threei} 06:12am [POT] Price target raised to $300 from $250 at RBC
[10:57] {Roman}
21 for a bounce with a stop 24.50
[10:57] {Threei} plus general climate in food/fertilizers
[11:02] {Roman}
21 out JASO
[11:04] {Threei} I guess NFLX meteoric rise can be attributed to people being so disgusted with reality, they just want to get as many videos as they can and sit and watch them
[11:05] {GeoArb} lol
[11:05] {esemde} I would go along with that Vad
[11:05] {esemde} At least thats what the New Robert Redford film "Lions For Lambs" is all about...
[11:10] {Roman}
21 long CSIQ
[11:10] {Roman}
21 26.88 small
[11:11] {Roman}
21 looking for a bounce
[11:15] {Roman}
21 out CSIQ +.35
[11:15] {Roman}
21 very thin
[11:16] {Chaeron} GM all. Sorry I'm late
[11:16] {Threei} chaeron :)
[11:23] {Threei} ALTR 21.19 short if stays below .30
[11:27] {GeoArb} so.....
[11:27] {GeoArb} invalid?
[11:27] {GeoArb} or people ion?
[11:27] {GeoArb} in
[11:27] {Threei} it did go over .30, no?
[11:28] {GeoArb} well i am sure some people might not have taken the sugesstion :)
[11:28] {Threei} that's discretionary
[11:28] {GeoArb} i am flat... had left the screen so asking
[11:28] {Threei} risk is increased
[11:28] {esemde} outta here for the day all....
[11:28] {Threei} as resistance now is farther from trigger
[11:28] {GeoArb} also wasnt a decisive break
[11:28] {Threei} take care ese
[11:29] {esemde} see ya vad
[11:31] {magoo} altr vad..aren't u thinking it hols too well here?
[11:31] {magoo} hold=holds
[11:31] {Threei} so far, yes
[11:31] {Threei} double top scenario didn't materialize
[11:36] {Threei} watch RIMM for bounce
[11:44] {GeoArb} tom april option exp?
[11:47] {Threei} .50 break long RIMM if stays above .35
[11:48] {Threei} not holding support
[11:49] {Threei} ALTR trying to break high... believe it or not
[11:55] {dptl} ah....got to leave ...have a good rest of the day all,seeya tomorrow :)
[11:55] {Threei} take care dp
[11:56] {dptl} 8 out of 10 today not bad
[11:56] {Threei} I'll say
[11:56] {Threei} that bad day at the start of the week helped you renew
[11:56] {Threei} sometimes need that :)
[11:57] {dptl} yeah ..like reality check
[12:09] {Threei} ASTM
[12:09] {Threei} REPORTS ENCOURAGING CLINICAL DATA FROM FIRST EU COMPASSIONATE USE CARDIAC PATIENTS
- Announced encouraging data from the first two compassionate use patients treated with the Company's autologous stem cell therapy for dilated cardiomyopathy (DCM), a type of severe chronic heart failure.
[12:09] {Threei} - Aastrom is on track for submission of a U.S. Investigational New Drug (IND) application for a cardiac regeneration clinical trial using CRCs during 2008. The Company's ultimate target market for CRCs in the U.S. is 1.8 mi
[12:15] {Threei} ALTR, agggressive long .41
[12:16] {Threei} .35 support
[12:21] {Threei} CPST is highly irritating...
[12:23] {Threei} sometimes risk adversity keeps one from nice trades... couple dasys ago I was on a brink of calling DYII swing trade at 5.10
[12:24] {Threei} then decided it was crazy to go into swings in this masrket
[12:24] {Threei} crying now
[12:40] {Threei} everyone's asleep?
[12:41] {GeoArb} oh just waiting for you to finish crying
[12:41] {GeoArb} didt want to be rude
[12:41] {magoo} here
[12:41] {hawkfan4} half sleeping
[12:45] {Threei} i appreciate the sensitivity geo
[12:45] {Threei} ALTR invalidated
[12:51] {Threei} aimless wandering in the market'
[12:55] {Threei} AMZN
[12:55] {Threei} 74 break long
[12:55] {Threei} if stays above .90
[12:56] {Threei} 73.80 is a short trigger if it can't break olut
[12:57] {Threei} a bit too far from resistance, so be careful not to short into fast drop
[12:58] {Threei} take a look at 11:40 - 11:57 period to see what mean,
[12:58] {Threei} sharp drops into support followed by bounces
[12:59] {Threei} hunterlayne, you here?
[13:00] {Threei} FRE
[13:00] {Threei} SAYS TO BUY MORTGAGES FROM WELLS FARGO, JPM AND CTITGROUP
[13:01] {Threei} hmmm... mortgages become attractive buy?
[13:03] {Threei} I can sell mine to FRE... or whoever
[13:04] {GeoArb} stopped AMZN
[13:06] {_hunterlayne} Here
[13:06] {_hunterlayne} what ticker are you suggesting at 73.80
[13:06] {Threei} you wanted to ask something about RT yesterday?
[13:06] {_hunterlayne} not really, I just wanted to socialize and get to know the few people that were in the chat room
[13:06] {_hunterlayne} I'm seeing if I'm interested in this
[13:06] {Threei} OK... they are not usually here that late :)
[13:07] {Threei} that was about AMZN... didn't really show any setup either way
[13:07] {_hunterlayne} haha, yea I figured
[13:07] {Threei} invalidated long by losing support, then did the same to short
[13:07] {GeoArb} hmmm i missed that
[13:07] {GeoArb} paid for it
[13:08] {Threei} it lost .90 twice before breaking 74 geo
[13:08] {Threei} on volatile stock, sometimes little loss of support is OK,
[13:08] {GeoArb} what can i say.........
[13:08] {Threei} but twice - nah
[13:08] {GeoArb} :)
[13:08] {Threei} I don't know... if you are watching a stock for setup, are you really watching it? :)
[13:09] {GeoArb} yup .88 .89
[13:09] {_hunterlayne} The only problem I have is that I'm in college and I have lots of school work
[13:09] {Threei} hmmm
[13:09] {_hunterlayne} and day trading (since I gained access to my account) has been fairly distracting lol
[13:09] {Threei} maybe it's a good idea to finish a college first? :)
[13:10] {Threei} I don't want to present an obstacle on your way to education
[13:10] {_hunterlayne} haha, you aren't I promise
[13:10] {Threei} not telling you what to do of course
[13:10] {_hunterlayne} I already have my acceptance into dental school in the bag.. so don't worry
[13:10] {Threei} just offering options :)
[13:11] {Threei} OK, you know your situation better than anyone else
[13:11] {Threei} so... Seifield was right, and dentists do have their own schools?
[13:12] {_hunterlayne} Yup
[13:12] {_hunterlayne} I haven't seen that episode, but yes we do have 'Dental Schools'
[13:12] * Threei slaps magoo around a bit with a large trout
[13:13] {Threei} find it... funny one
[13:13] {ThurstonHowellTheThird} I think magoo is an anti-dentite
[13:13] {Threei} he certainly is
[13:13] {_hunterlayne} lol
[13:14] {_hunterlayne} What are your thoughts on RBCN, Vad?
[13:15] {Threei} volume is way too low to structure any play intraday
[13:15] {Threei} kind of "trades by appointment"
[13:16] {Threei} by daily chart, 25 is critical junction for it
[13:17] {Threei} if it comes to 25 slowly, consolidates a little and breaks, has a good chance for recovery
[13:17] {_hunterlayne} I'll keep that in mind
[13:18] {Threei} and for any pattern to become more reliable on it, it needs real volume
[13:18] {_hunterlayne} Were you guys around for Bear Stearns??
[13:18] {Threei} we watched in awe
[13:18] {Threei} lol
[13:18] {_hunterlayne} loll
[13:18] {_hunterlayne} me too
[13:18] {_hunterlayne} I wish I would have bought when it bottomed out.. I was so close
[13:19] {Threei} wait... what was it that we shorted
[13:19] {Threei} and rode down like 15 points
[13:19] {Threei} Geo, you played it
[13:19] {Threei} was it BSC or something elsea?
[13:19] {GeoArb} yeah
[13:19] {Threei} ahha
[13:19] {GeoArb} only 6 points though
[13:19] {GeoArb} that has been paying for all my misakes this week
[13:19] {Threei} well... can't really blame you for covering that monster too soon, lol
[13:20] {GeoArb} yeah i was scared
[13:20] {Threei} who would have thought thing could tank like that
[13:20] {_hunterlayne} lol yea, wayy too risky. I just left it as personal entertainment
[13:21] {Threei} that was the day before its infampus gapo to 2, right?
[13:21] {GeoArb} glad i closed
[13:22] {Threei} why... if you held, you would have made a history
[13:22] {Threei} probably got invetsigated by SEC too
[13:22] {GeoArb} could have gone either way :)
[13:22] {GeoArb} not for 200 shares
[13:22] {_hunterlayne} Vad, citibank?
[13:22] {Threei} wrong... they won't touch one who did million... but small time trader, let's get him
[13:23] {_hunterlayne} tell me whats wrong/right with it right now
[13:23] {Threei} I've no idea
[13:23] {Threei} you know... steal a million, you are an enterpreneur... steal 100 bucks, you are criminal
[13:24] {GeoArb} yeah kill one guy youre a murderer
[13:24] {GeoArb} kill milions
[13:24] {GeoArb} Alexander the great
[13:24] {Threei} right
[13:24] {Threei} hunter... all banks/financials are pretty much gamble right now
[13:25] {Threei} financial situation, credit problems, liquidity problems are very serious
[13:25] {_hunterlayne} I meant Citigroup
[13:25] {_hunterlayne} sorry
[13:25] {Threei} what general public sees in a form of subprime crisis is just a tip of iceberg
[13:26] {Threei} will Fed/goverment be able to prevent the total colapse or not, is open question
[13:26] {GeoArb} you guys heard about the LIBOR and how all banks might be lieing?
[13:26] {Threei} and if they will, it still doesn't mean there won't be a failed bank here and there
[13:26] {GeoArb} WSJ article yesterday
[13:26] {Threei} yes Geo
[13:27] {Threei} LIBOR is not confirming what they say
[13:27] {Threei} it's being said by different analysts over last month or so
[13:27] {GeoArb} also peole not trusting LIBOR
[13:27] {GeoArb} as banks not reporting the correct borrowing rate
[13:27] {GeoArb} as it tells everyone they were desparate
[13:28] {Threei} on the other side of equation,
[13:28] {Threei} intervention in BSC fiasco shows to what depth powers that be are willing to go in order to prevent systemic failure
[13:28] {GeoArb} as a freind of mine said..... forget gold and silver.....
[13:29] {GeoArb} the only metal that matters is lead lol
[13:29] {Threei} lol
[13:29] {Threei} reminds me old Soviet joke
[13:30] {Threei} optimists study English... pessimists study Chinese... realists study Kalashnikoff
[13:32] {fernp} LOL
[13:32] {Threei} thank you fernp
[13:33] {Threei} I thought soviet style of humor was too out there... your mercy laugh saved me
[13:33] {fernp} european style
[13:34] {Threei} yeah... let's trout these north americans
[13:34] * Threei slaps Laserdave1 around a bit with a large trout
[13:34] {Threei} wait... I am one of them
[13:34] {Threei} cancel that
[13:34] {fernp} ok. lol
[13:35] {_hunterlayne} lets make some money
[13:35] {_hunterlayne} I need cash to sustain my college boozing lifestyle!!
[13:35] {Threei} could be a good idea
[13:35] {Threei} novel one too
[13:36] {fernp} doing it in HBAN
[13:36] {GeoArb} ya know i left college 10 years ago..
[13:36] {GeoArb} booze never stopped
[13:36] {Threei} bathtub vodka is cheap
[13:37] {_hunterlayne} haha
[13:37] {Threei} what price are you in at HBAN?
[13:39] {_hunterlayne} im up 27 bucks
[13:39] {_hunterlayne} lol
[13:40] {Threei} big bottle of vodka
[13:40] {fernp} 9.91
[13:40] {fernp} bottom of range
[13:41] {_hunterlayne} haha, what broker do you guys use?
[13:41] {fernp} out 10.12
[13:41] {Threei} wtg
[13:41] {Threei} icon on our website hunter
[13:41] {_hunterlayne} ohh yea, that's right
[13:46] {Threei} FED'S FISHER: 'STRONG RELUCTANCE' TO MORE MONETARY EASING, 'INFLATING OUR WAY OUT' OF THE MESS NOT THE ANSWER- Notes using discount window tools is an answer, and Fed aims to 'prudently restore efficacy'
[13:47] {Threei} do I hear some actual comkon sense from feds?
[13:49] {Threei} market really stuck
[13:49] {_hunterlayne} for real
[13:49] {_hunterlayne} boring
[13:49] {Threei} NFLX continues making new highs
[13:49] {Threei} a bit too thin for a safe trade
[13:50] {GeoArb} nice BK
[13:50] {GeoArb} in since 42.74
[13:50] {GeoArb} only 200 though
[13:50] {GeoArb} trying to erase AMZN blooper
[13:50] {Threei} so you guys are taking trades and holding out on us?
[13:51] * Threei slowly unholsters the trout
[13:51] {GeoArb} if i had conviction.....
[13:51] {GeoArb} i would tell em al
[13:51] {_hunterlayne} lol
[13:51] {GeoArb} pls pls
[13:51] {GeoArb} its still at a good point vad :)
[13:53] {Threei} US HOUSE BACKS BILL GEARED TOWARDS STABILIZING STUDENT LOAN INDUSTRY
[13:53] {Threei} you are safe hunter
[13:54] {_hunterlayne} lol
[13:54] {Threei} RIMM small long closer to .50
[13:54] {Threei} seems to be locked for a while between .50 and 119
[13:58] {_hunterlayne} are you going to get in?
[13:59] {_hunterlayne} if so, where at exactly
[13:59] {Threei} too far from support
[13:59] {Threei} not chasing it
[14:00] {Threei} it moves between 118.5 and 119 for a while, what's the point in buying that closer to upper l,imit
[14:01] {_hunterlayne} true
[14:03] {_hunterlayne} I might short NFLX
[14:04] {Threei} why?
[14:04] {fernp} the market is too quiet
[14:05] {Threei} could be quiet before the storm
[14:05] {Threei} or could be taking a breather after yesterday's stunning rally
[14:06] {_hunterlayne} breather
[14:06] {_hunterlayne} what's the most anyone here has made in 1 day
[14:06] {patience} scalping or swing trade
[14:07] {_hunterlayne} scalping
[14:08] {Threei} magoo fell asleep.. or he would have told you some impressive numbers
[14:08] {Threei} he is risk taker though
[14:08] {GeoArb} i would be interested to see the answers :)
[14:08] {patience} i was going to say, used to love watching magoo trade on momo fridays we used to have
[14:08] {magoo} market has long changed
[14:09] {GeoArb} i only saw curtis
[14:09] {GeoArb} you banned him vad?
[14:09] {magoo} we don't get the momo anymore
[14:09] {patience} i agree magoo
[14:09] {Threei} we will
[14:09] {Threei} things go in cycles
[14:09] {magoo} but, since u asked...on BIDU ipo...i scalped 12k in 1 day
[14:09] {_hunterlayne} wow
[14:09] {_hunterlayne} you guys do alot of IPOs?
[14:10] {magoo} no
[14:10] {GeoArb} i am just awed
[14:10] {GeoArb} you touched BIDU IPO
[14:10] {magoo} just happened to be THE ONE
[14:11] {_hunterlayne} what range of prices do your scalps usually consist of?? do you have a set number, or do you take green as much as possible
[14:12] {Threei} huinter... too invloved
[14:12] {Threei} this is not something answered in a framework of room discussion
[14:12] {magoo} laser dcc
[14:12] {_hunterlayne} k, sorry. won't happen again
[14:13] {Threei} nothing to be sorry about :)
[14:13] {Threei} it's just that we have structured system of educational materials
[14:13] {Threei} books, videos, courses
[14:14] {Threei} kind of hard to squeeze their content in QA format here as you sure understand :)
[14:14] {_hunterlayne} I completely understand
[14:17] {markweb} RIMM in.55 out .85 Thanks Vad
[14:18] {Threei} perfect
[14:18] {Threei} I was waiting to see who heeded and utilized
[14:18] {markweb} ty
[14:19] {Threei} good job mark
[14:19] {markweb} stop was @.38
[14:20] {magoo} LASERDAVE DCC
[14:21] * Chaeron slaps Laserdave1 around a bit with a large trout
[14:22] {magoo} everyone, i haveafternoon apptmts..got to go soon
[14:22] {Chaeron} c ya bro
[14:22] {GeoArb} bye magoo
[14:22] {_hunterlayne} Bye bye now
[14:30] {Threei} hopefully action picks up last hour
[14:31] {Threei} for now it's a one=legged snail trying to navigate molasses
[14:31] {Threei} are there two-legged snails?
[14:32] {markweb} WM Vad?
[14:33] {Threei} I'd try it long if it touches .40, retreats, holdsa .30 or so and breaks
[14:33] {markweb} ty
[14:33] {Threei} alternatively, conolidates a bit betwen .30 and day high
[14:33] {Threei} then breaks
[14:35] {Threei} RIMM starts consolidating closer to 119
[14:35] {Threei} if continues doing this not trying to retreat all the way to 118.5 anymore, break will become a play
[14:35] {Threei} with market help of course
[14:38] {_hunterlayne} .43 ahhh
[14:41] {Threei} RIMM repeated range move
[14:42] {_hunterlayne} WM moving baack down
[14:44] {markweb} WM in @.35 out @39 +0.04 HA,HA
[14:45] {Threei} 5K?
[14:45] {markweb} 300
[14:45] {Threei} OK... fingers exercise :)
[14:46] {GeoArb} thats lunch
[14:46] {markweb} my lunch is $1.99
[14:47] {GeoArb} where do you live?
[14:47] {GeoArb} i wanna move
[14:47] {markweb} Toronto
[14:47] {GeoArb} ahh
[14:47] {GeoArb} was there for christmas a few yrs ago
[14:47] {GeoArb} my face froze off and fell to the ground
[14:48] {markweb} Trade like me, and you will have lunch fo r$ .99
[14:48] {GeoArb} and then there were locals with open hair
[14:48] {GeoArb} :)
[14:49] {GeoArb} vad comeon comeon i need luch money
[14:50] {GeoArb} or chinese buffet it is
[14:53] {Threei} missed RIMM short... wanted .95
[14:56] {Threei} any NQ strength, grab RIMM
[14:56] {Threei} for long
[14:57] {_hunterlayne} WM back down to .30.. vad
[14:57] {Threei} looks OK for scalp
[14:58] {Threei} oops... no chhasing
[14:58] {Threei} jumped 5 cents in a blink of eye
[14:58] {markweb} in RIMM@55
[14:59] {markweb} stpop45, target 85
[14:59] {Chaeron} with you at .57
[14:59] {Chaeron} what the...
[14:59] {Threei} sharp downtick NQ
[15:00] {markweb} HA}HA
[15:00] {markweb} no lunch for 1.99:)
[15:00] {_hunterlayne} in at .33 RIMM
[15:00] {Threei} FED'S LACKER: INFLATION IS A PROBLEM, IT IS A TOO HIGH
[15:00] {_hunterlayne} too soon fellas! =)
[15:00] {Threei} you don't say
[15:01] {Threei} fed mastered the obvious really well I see
[15:01] {Threei} don't oversit RIMM
[15:02] {Threei} too many shakeouts
[15:02] {markweb} &*^%&*^% FED
[15:02] {Chaeron} *sigh*
[15:03] {markweb} nice set up:):):)
[15:03] {Threei} market takes this kind of speeches as a hint that rates may be hiked
[15:03] {Chaeron} I don't know how or what but hit wrong button or something and got out at breakeven... still trying to figure out
[15:04] {Chaeron} maybe I can blame it on the cat.....
[15:04] {_hunterlayne} in at .33 out at .80
[15:04] {_hunterlayne} my first with you guys
[15:04] {Chaeron} nice hunter
[15:04] {_hunterlayne} I could only afford 120 shares though
[15:04] {_hunterlayne} my margin is all locked up lol
[15:04] {Threei} fine for RIMM
[15:04] {Threei} no need to trade it with big size
[15:04] {markweb} i play RIMM 75-100shares
[15:05] {Threei} even magoo not playing more than 3K on RIMM
[15:05] {magoo} anyone think goog will surprise and RISE?
[15:05] {_hunterlayne} lol
[15:06] {Threei} see mags... it's very flattering that you think we think
[15:06] {Threei} but truth be told... we don't
[15:06] {magoo} vad really..dcc me
[15:18] {Threei} for this I need translation:
[15:18] {Threei} FED'S FISHER: MUST TRUST AND VERIFY ON INFLATION TREND
[15:21] {markweb} Vad, u in RIMM?
[15:23] {Threei} not right now
[15:23] {markweb} thx
[15:30] {Threei} Fisher:
[15:30] {Threei} - Inflation pressure is in euro terms, not just dollars.Global demand is driving up price pressures for energy and food.
[15:30] {Threei} - Libor turmoil won't impact liquidity measures. Can't comment on investigation into Libor rates. Needs to learn more on Libor issue.
[15:30] {Threei} - The latest CPI data is encouraging. Doesn't know how long the economic turmoil will last.
[15:30] {Threei} - says he sees some encouraging data on inflation.
[15:32] {Threei} RIMM should be a bounce here
[15:32] {Threei} waiting to see NQ greening
[15:33] {Threei} in
[15:33] {Threei} .02
[15:33] {Threei} stop under .90
[15:36] {Threei} half out
[15:36] {Threei} +.20
[15:36] {Threei} stop .99
[15:37] {Threei} geo... you asked for lunch money??
[15:37] {_hunterlayne} here it comes
[15:37] {_hunterlayne} Filet Mignon
[15:38] {Threei} rare
[15:38] {markweb} for 99c?
[15:39] {Threei} for 99 cents it better be well done
[15:39] {Threei} such price make me suspect it needs some serious termal works :)
[15:39] {markweb} k
[15:40] {Threei} hard to tell if it's just a shakeout for second half or it's done
[15:40] {Threei} as close to end of day I am not takming chances
[15:42] {Threei} did you all fall aslpee again?
[15:43] {Threei} got mesmerized by RIMM blinking?
[15:43] {_hunterlayne} son of a
[15:43] {Chaeron} gun
[15:43] {_hunterlayne} looks like ramen noodles tonight
[15:43] {patience} yesterday was a terrific day....today nada.
[15:45] {_hunterlayne} Today was extremely boring
[15:45] {fernp} Enough for today. I am tired
[15:45] {_hunterlayne} I wasted my day procrastinating from reading a 600 page book on Reagan for nothing
[15:45] {Threei} lol
[15:46] {Threei} I'll stay with Stephen King, thank you
[15:53] {Threei} Ok guys, thank you all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {markweb} WM nice
[15:53] {_hunterlayne} bye Vad
[15:53] {hawkfan4} thanks Vad
[15:54] {Threei} you traded it mark?
[15:54] {markweb} +0.4C
[15:54] {Threei} :)
[15:55] {magoo} vad..stay and put up GOOG numbers
[15:55] {Threei} I'll be on and off next 30 min mags
[15:55] {Threei} if I am lucky to be here when GOOG reports I will
[15:55] {magoo} ok
[15:56] {hawkfan4} i'll put them up when i get them mags
[16:00] {magoo} ty hawk
[16:01] {Threei} REPORTS Q1 $4.84 V $4.52E, R$ (EX-TAC) V $3.61BE
[16:02] {Threei} R $3.70 (EX-TAC) V $3.61BE
Wednesday, April 16, 2008
Apr 16 2008
Session Time: Wed Apr 16 00:00:00 2008
[08:03] {Threei} JPM
[08:03] {Threei} REPORTS Q1 $0.68 V $0.64E, R $17.90 V $16.97BE, ROE 8.0% V 17% Y/Y
- Takes Q1 Markdown of $2.6B
[08:03] {Threei} - Q1 ROE 8.0% v 17% y/y and 10% in Q4
[08:03] {Threei} - Q1 ROA 0.61% v 1.41% y/y and 0.77% in Q4
[08:03] {Threei} - Q1 Tier1 Capital ratio 8.3% v 8.5% y/y and 8.4% in Q4
[08:18] {Threei} CEO SAYS CREDIT ENVIRONMENT HAS GOTTEN BETTER IN THE FIRST COUPLE OF WEEKS IN APRIL - WIRE HEADLINE- Adds that "its very hard to predict" when credit markets will return to normal
[08:30] {Threei} MAR CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD_ENERGY M/M: 0.2% V 0.2%E;
[08:30] {Threei} CPI NSA: 213.528 V 213.390E
[08:30] {Threei} MAR HOUSING STARTS: 947K V 1.010ME; BUILDING PERMITS: 927K V 970KE
[08:33] {magoo} morning
[08:33] {Threei} magoo :)
[08:37] {magoo} vad dcc
[08:41] {Threei} 04/15/08 08:59pm [POZN] FDA approves Treximet (sumatriptan and naproxen sodium) tablets for acute migraine
[08:42] {Onix} Good morning all
[08:42] {Threei} onix :)
[08:43] {Onix} Thanks for all the info Vad
[08:44] {Threei} sure... which info? :)
[08:45] {Onix} All this relevant info that you take the trouble with providing it to us
[08:45] {Threei} oh, news posts
[08:45] {Onix} ya
[08:45] {Threei} it's easy... it crosses the wire, I copy and paste :)
[08:46] {Onix} most excellent!
[08:46] {Threei} just need to know what is significant and what is not
[08:46] {patience} yes vad, but you post the news before it even hits BNN and other financial news
[08:46] {patience} which is very good :)
[08:46] {Onix} yes, what "the market" will react to hey?
[08:46] {patience} gm RT
[08:46] {Threei} patience :)
[08:47] {Onix} gm patience
[08:47] {patience} morning Onix :)
[08:49] {Threei} some of them do have immediate impact
[08:50] {Threei} some are more of "general mood setting" kind
[08:51] {Onix} you think INTC will lift the market the same way today as what GE pulled it down the other day?
[08:51] {Threei} it does so far, the real question is for how long
[08:51] {Threei} we are in strong bear market,
[08:52] {Threei} traders tend to use this kind of positive news followed by upward spike to sell into
[08:52] {Onix} maybe 2 or 3 days or not?
[08:52] {Threei} but rallies in bear market can be extremely brutal
[08:52] {Threei} anyone's guess onix
[08:52] {Threei} could be couple hours
[08:52] {Threei} could be couple days
[08:53] {Threei} market will react on the same news differently depending on current environment
[08:53] {Onix} so true
[08:54] {Threei} I mean... there was time when merely mention that some obscure company established a website would triple stock's price :)
[08:54] {Onix} you mean brutal rallies in the sense that they are up so sharp or that they can fail so sudenly?
[08:54] {Threei} very sharp spike going way beyond what seems to be reasonable
[08:55] {Onix} I see ... where price and volume are way out of whack?
[08:55] {Threei} pretty much
[08:55] {Threei} shorts get too complacent,
[08:55] {Threei} life becomes too easy for them
[08:56] {Threei} so when upward move comes and alarms them
[08:56] {Threei} they go therouhg those same stages long do when bull market comes to a heavy setback
[08:56] {Threei} at some point they get squeezed and start covering, fueling further rise
[08:56] {cosmo} seems so brutal...
[08:57] {Onix} ya, Cramer also mentioned the short squeese last night
[09:01] {esemde} morning....
[09:02] {Onix} gm esemde
[09:02] {esemde} onix.....
[09:02] {Threei} ese :)
[09:05] {Threei} keeping an eye on WM
[09:05] {esemde} hmmm it appears in general we having everything yet nothing going on this morning.....in a roundabout sort of way of course
[09:05] {esemde} WM...
[09:05] {esemde} it its
[09:07] {Threei} SPWR
[09:07] {Threei} TICKS HIGHER IN PRE-MARKET AFTER COWEN AND UBS HAD POSTIVE EARNINGS PREVIEWS
[09:08] {GeoArb} gm
[09:08] {Threei} geo :)
[09:09] {esemde} geo
[09:11] {Threei} 04/16/08 06:08am
[09:11] {Threei} [FEED] Agfeed Industries To Acquire Multiple Commercial Hog Farms in China
[09:11] {Threei} - has entered into agreements to acquire majority ownership (on average more than 90%) of several commercial hog farms located in south China provinces
[09:12] {Threei} WM support around .70... would like to see a pullback for entry
[09:13] {markweb} Good morning all
[09:13] {Threei} mark :)
[09:13] {magoo} goog report after bell anyone?
[09:13] {markweb} :)
[09:14] {esemde} ASML moving also
[09:14] {magoo} hawk, u know?
[09:14] {hawkfan4} yep, 4/17 at 4:30
[09:15] {Threei} today is EBAY, IBM, RMBS
[09:15] {hawkfan4} or right after bell i mean, cc at 4:30, oops, that's tomorrow
[09:15] {Threei} MARCH INDUSTRIAL PRODUCTION: 0.3% V -0.1%E; CAPACITY UTILIZATION: 80.3% V 80.3%E
[09:16] {Threei} ESLR tomorrow also
[09:17] {magoo} TY
[09:20] {tomg} good morning
[09:20] {Threei} tom :)
[09:21] {magoo} tom:)
[09:28] {fernp} gm
[09:28] {Threei} fernp :)
[09:29] {magoo} vad, what symbol for nzaz? $ndx?
[09:30] {Threei} yes
[09:30] {magoo} ty
[09:30] {Threei} no pullback WM
[09:31] {esemde} POZN....
[09:32] {GeoArb} WM pulling
[09:33] {Threei} LLTC .75 long if stays above .60
[09:33] {cosmo} ASML
[09:33] {magoo} in lltc
[09:35] {bruce} l lltc .68
[09:36] {Threei} FEED smallish shares 17 break
[09:36] {magoo} already up
[09:36] {Threei} yeah, don't chase
[09:37] {magoo} aapl nbounce here
[09:38] {magoo} in aapl 151
[09:39] {Threei} come on already LLTC
[09:40] {magoo} out aapl here .35
[09:40] {Threei} APWR
[09:40] {Threei} CNBC?
[09:41] {Threei} WM
[09:41] {Threei} .71 long
[09:41] {Threei} .64 stop
[09:42] {magoo} in wamu .69
[09:43] {Threei} LLTC out
[09:44] {bruce} stooped lltc
[09:45] {fernp} me too
[09:45] {Threei} no bounce yet WM
[09:46] {magoo} me too
[09:46] {GeoArb} me too
[09:47] {GeoArb} all of us got stopped how come no rise in chart :D
[09:47] {Threei} stops are there for a reason
[09:47] {Threei} not every retreat is a rinse
[09:47] {GeoArb} just kidding :)
[09:48] {GeoArb} i take my stops (medicine) like a good boy
[09:48] {Threei} looking at it further drop, be thankful you do :)
[09:48] {GeoArb} yeah
[09:49] {esemde} long KLAC 1/2 lot .53
[09:49] {Threei} JNPR pulled back into 23 support
[09:50] {Threei} no confidence really... market is 50/50 here
[09:50] {Roman}
21 JASO highs
[09:51] {Roman}
21 waiting for pullback , bidding 24.95
[09:51] {Roman}
21 in small JASO
[09:51] {bruce} jaso beak candidate vad
[09:53] {Threei} needs to take .05
[09:54] {bruce} stop looks to be about .95 for now if breaks
[09:54] {Threei} way too tight for such volatile one
[09:54] {bruce} so much for long jaso
[09:55] {Roman}
21 i am still in JASO with a stop .74
[09:55] {Threei} to me, it's valid as long as it stays above .80
[09:58] {Threei} KLAC looks good so far ese
[09:59] {Roman}
21 FEED back to highs
[09:59] {Roman}
21 near highs
[09:59] {bruce} rimm looks like retrace long candidate if 117.9 holds
[10:01] {magoo} u in klac?
[10:01] {markweb} out KLAC +.18 Thanks ESE:)
[10:01] {esemde} Out KLAC .74
[10:02] {esemde} +.21...almost 1:1
[10:02] {Roman}
21 stoppped JASO
[10:03] {esemde} your welcome mark
[10:03] {esemde} was BS luck that i got the .74 exit on that one too
[10:04] {bruce} s sina 38.50 stop .75
[10:06] {Threei} JPM .85 long, stop .69
[10:07] {Threei} if loses .70 before triggering, let it fall under 43.5 before getting interested again
[10:09] {Threei} invalidated
[10:11] {esemde} Thinkin long COIN at .66
[10:11] {Threei} as FEED sympathy?
[10:11] {esemde} damm......no sooner......&^%^%$
[10:12] {Threei} SEED is another one
[10:12] {esemde} i'll look at that
[10:13] {bruce} stopped sina +12c
[10:14] {fernp} looking GGB
[10:15] {Threei} market still hasn't made up its mind about the direction
[10:16] {Threei} what did BIDU just get happy about?
[10:17] {Threei} no fresh newsa
[10:17] {magoo} no clue
[10:17] {magoo} goog red
[10:17] {magoo} ah..follows mkt vad
[10:17] {esemde} should break the 300 mark
[10:17] {Threei} nope, spiked before NQ
[10:18] {Threei} OK, starts looking like squeeze is going to be the theme
[10:18] {Threei} JPM got away, wanted it under .50
[10:19] {Threei} never happened
[10:21] {judijim} Good Morning Everyone
[10:21] {Threei} jj :)
[10:21] {magoo} JJ : )
[10:21] {Chaeron} GM all...
[10:21] {Threei} chaeron :)
[10:21] {Threei} for adrenalin deprived, TTES
[10:21] {Threei} 57 break
[10:21] {Threei} extremely volatile
[10:21] {magoo} OY
[10:23] {magoo} no like spread
[10:23] {bruce} what would bve stop for ttes - looks likes .75 or so?
[10:23] {Threei} yes
[10:24] {bruce} k
[10:24] {bruce} would that be coffee tea or ttes?
[10:25] {Threei} RIMM, 119 break if NQ spikes again
[10:26] {Threei} stop under .80 for scalpers, under .70 for da trade
[10:26] {Chaeron} in RIMM .02
[10:29] {Threei} scalpers have 1:1
[10:29] {Threei} daytraders too
[10:29] {ThurstonHowellTheThird} ty +.30
[10:29] {Threei} for daytrade, half out here
[10:29] {Threei} stop to .95
[10:30] {Threei} welcome thtt
[10:31] {Threei} oil inventory numbers are coming
[10:31] {Threei} DOE CRUDE: V +1.7ME ; GASOLINE: V -2ME ; DISTILLATES: V -1.7ME ; UTILIZATION: % V 83.8%E
API:
[10:31] {Threei} - Crude: +2.456M
[10:31] {Threei} - Gasoline: -2.38M
[10:31] {Threei} - Distillate: -0.939M
[10:32] {Threei} those are estimates
[10:32] {Threei} no actual numbers yet
[10:32] {Threei} delayed... do they need to edit them? :)
[10:33] {Chaeron} getting whiteout....
[10:33] {Threei} ok RIMM... let's do it
[10:34] {esemde} am i back....got cut off for some weird reason
[10:34] {Threei} you are back
[10:34] {esemde} tks
[10:35] {Threei} DOE CRUDE: -2.36M V +1.7ME
[10:35] {Threei} GASOLINE: -5.52M V -2ME ; DISTILLATES: +52K V -1.7ME ;
[10:36] {Threei} one set of nonsense numbers is behind us... what's next
[10:36] {Threei} beige book at 2
[10:36] {Threei} sigh
[10:37] {Threei} AKES NEW ALL-TIME HIGH POST DOE INVENTORY DATA
[10:37] {Threei} OIH
[10:37] {Threei} great
[10:37] {Threei} just what we need, more oil price increase
[10:38] {Threei} stop to .99 RIMM
[10:38] {Threei} not that 4 cents matter
[10:38] {Threei} just a matter of ... not willing to lose on itprinciple
[10:39] {Threei} JASO rinsed you Roman
[10:39] {Threei} how rude
[10:40] {magoo} me too
[10:41] {Threei} FSLR goes to 300 today I guess
[10:46] {Threei} too bad RIMM
[10:46] {Threei} looking for another entry
[10:47] {magoo} agree..as long as mkt heads up
[10:51] {Threei} not really clear here, just jumps up and down
[10:58] {Threei} feels like another market spike is coming
[10:58] {Threei} AMZN long
[10:59] {magoo} what u get?
[10:59] {Threei} stop under .40 for scalpers, under .30 for day trade
[11:00] {Threei} spike is here... how about following AMZN
[11:01] {Chaeron} in AMZN .53
[11:03] {patience} magoo, did dino whisper into your ear if the dow is going up 300 today?
[11:03] {Threei} not sure I like this hesitation... stop under .40
[11:03] {Threei} with this market stength should have gkotten better follow-through from AMZN
[11:06] {Threei} out
[11:06] {Chaeron} me too
[11:07] {Chaeron} -.17
[11:07] {bruce} don't have nq vad but was watching q's and they showed selling pressure
[11:08] {Threei} from 10:50 for the next 5-6 minutes?
[11:08] {Threei} 10:58, sorry
[11:08] {GeoArb} how do we see selling pressure?
[11:09] {GeoArb} (sincere question)
[11:09] {Threei} I am looking at Qs chart bruce
[11:09] {Threei} are we talking about different time or what?
[11:09] {Threei} it shows the same buying as NQ's chart
[11:10] {bruce} I 've have level 2 up for it as well
[11:10] {patience} sold 3 agrium july calls, bought at 6.30, sold at 18.20
[11:10] {Threei} L2 for Qs is useless
[11:10] {bruce} been seeing stready big numbers filling in on sell side
[11:10] {Chaeron} nice job Patience!
[11:10] {patience} ty chaeron, still have 6 left
[11:11] {bruce} and on chart - small candle at 11:04 then decline below it
[11:11] {Threei} 11:04, yes... but the call for upward was made at 10:58
[11:12] {bruce} k - looks good from there - just didn't pan out
[11:13] {bruce} stld short candidate if it goes back up near 38 and fails
[11:29] {Chaeron} I am too damn nice
[11:29] {Chaeron} shoot... wrong window... sorry
[11:29] {GeoArb} youre nice here too chaeron
[11:29] {Threei} me too chaeron... just look:
[11:29] * Threei slaps Chaeron around a bit with a large trout
[11:29] {Chaeron} shucks... I want to be a "bad boy"
[11:29] * magoo slaps Threei around a bit with a large trout
[11:30] {Chaeron} thanks mags
[11:31] {Chaeron} fslr
[11:32] {Threei} wanted to call SOLF break at .15 and canceled... guess whose fault it is
[11:32] {Chaeron} mine
[11:32] {Threei} nope
[11:33] {magoo} mine
[11:33] {Threei} yup :)
[11:33] {magoo} u gotta ignore me : )
[11:34] {GeoArb} how can we
[11:34] {GeoArb} youre too damned nice
[11:34] {magoo} ask my wife
[11:34] {GeoArb} no no... that was chaeron
[11:34] {Chaeron} heck... you're on my "alert" list mags
[11:34] * Chaeron shaking head... how to get rid of "nice" image......?
[11:34] {Threei} easy
[11:34] {Chaeron} even larisa thought I was too polite
[11:35] {GeoArb} (highlighting chaeron in oink in mirc.....)
[11:35] {GeoArb} pink
[11:35] {Chaeron} and SHE was super nice
[11:35] {Threei} go out, find some baby with candy, take the candy from the baby
[11:35] {Chaeron} oink??? you calling me fat??
[11:35] {GeoArb} wellll oink IS pink
[11:35] {Threei} make sure someone videotaping the act
[11:35] {Threei} get back here and show us footage
[11:35] {Chaeron} 3i - lol
[11:36] {Threei} and hey, no staging
[11:36] {GeoArb} i do that to my kids all the time
[11:36] {Threei} if baby says "here uncle chaeron, take this candy" - won't count
[11:36] {GeoArb} i call it good parenting
[11:36] {Chaeron} roflol
[11:36] {Chaeron} damn AMZN
[11:37] {Threei} come on... you wouldn't hold it through the drop all the way to 74
[11:37] {GeoArb} last 2 days tough
[11:37] {Chaeron} naaa you're right
[11:37] {GeoArb} for me... yesterday was all luck....
[11:37] {GeoArb} today i made interesting mistakes
[11:38] {magoo} or..go out in front of crowd and kick first puupy u see
[11:39] {GeoArb} saw .85 JPM call and for some reason saw .75
[11:39] {GeoArb} and entered......
[11:39] {GeoArb} wierd.... need sleep/coffee
[11:39] {GeoArb} saw AMZN call and decide to enter on higher price break...... so got stopped on higher loss...
[11:40] {GeoArb} i guess only experienced chefs should modify recipes
[11:41] {bruce} rimmsky trying to break long here
[11:42] {GeoArb} ok now i am insulted...... not even a measly trout
[11:43] {Threei} we are too nice geo
[11:43] {markweb} JPM news?
[11:43] {GeoArb} SLM?
[11:44] {Threei} JPM
[11:44] {Threei} TO SELL PERPETUAL PREFERRED STOCK - WIRE HEADLINE
[11:45] {markweb} ??? ty
[11:45] {markweb} JPM long?short?side?
[11:51] {Threei} UPDATE: US SENATOR CANTWELL URGES THE FTC TO LAY OUT PLANS TO CURB OIL MARKET SPECULATION BEFORE THE SUMMER DRIVING SEASON BEGINS- under legislation sponsored by the Senator and passed last year, the FTC is required to put a rule in place detailing how it would oversee any alleged oil market speculation or manipulation
[12:01] {Threei} I didn't see the details... but things like this tend to double the price of the very product they intend to regulate
[12:02] {Threei} RIMM is tempting here, right at support
[12:02] {Threei} whether market helps or not is 50/50
[12:03] {Threei} but if it shows stgrength, quick grab with stop under .40 looks worth it
[12:04] {Threei} mark... the more I look at JPM the more I think leave it alone for today
[12:05] {markweb} to late, im stoppped:(
[12:06] {Threei} new high RIMM
[12:06] {magoo} oin .61
[12:07] {Threei} it never lost .50
[12:07] {Threei} so stop under it makes sense for scalpers
[12:08] {markweb} im stopped on JPM
[12:08] {Threei} I am not sujre why you were even in to say honestly
[12:08] {markweb} me to:)
[12:09] {Threei} well desvred stop then :)
[12:09] {markweb} y
[12:09] {Threei} don't trade on impulse... trade on valid setup
[12:09] {Threei} keep stop where chart says
[12:09] {Threei} let market do its thing
[12:09] {Threei} and most important as of this very momnent,
[12:09] {Threei} today and yesterday:
[12:10] {Threei} realize how probabilities work,
[12:10] {Threei} odds are not distribute evenly,
[12:10] {Threei} there are clusters here and there
[12:10] {Threei} so, after two months of trading at winning rate beyond normal, we have two days ofd losing cluaster
[12:11] {Threei} what do you do about that?
[12:11] {Threei} anyone?
[12:11] {GeoArb} ummm not make mistakes like min
[12:11] {GeoArb} mine
[12:11] {Threei} well, that's true for any time :)
[12:12] {Threei} specifically at this point what you do is
[12:12] {Threei} 1. shrug
[12:12] {Threei} 2. keep your stops rteligiously
[12:12] {Chaeron} cut back to smaller shares and take only most probable
[12:12] {GeoArb} i am not sure about smaller shares
[12:12] {Threei} 3. let market work it out and get back into more normal odds distribution phase
[12:12] {Chaeron} I thought #2 was anytime anyway
[12:12] {GeoArb} as keeping decent position on RIMM dug me out today
[12:13] {Threei} chaeron, that's true, but there is one interesting twist to it right now
[12:13] {Threei} when market acts like it does last few days
[12:13] {Threei} it tends to shake you our more often than usual, then continue moving in your favor
[12:13] {Threei} and herein lies the danger
[12:13] {Threei} you seee it a few times, you decide it became new norm\
[12:14] {Threei} and next time you ignore your stop
[12:14] {Chaeron} yeah... noticed
[12:14] {Threei} or widen it beyond your risk tolerance
[12:14] {Threei} worst thing that can happen now is, it works
[12:14] {Threei} your stock returns and makes you a profit
[12:14] {Threei} bad habit gets reinforced
[12:14] {Threei} you start doing it more often
[12:15] {Threei} you know what happens next, right?
[12:15] {markweb} y Vad:(
[12:15] {Threei} if you alresdy know, then change :( to :)
[12:15] {Threei} it means this common mistake is already behind you
[12:16] {Threei} if you already paid for it, you bought the knowledge not to do it again
[12:16] {GeoArb} off to work...need to read vad's advise today... when do you post blog?
[12:16] {GeoArb} chat transcript i mean
[12:17] {Threei} now... if you repeat it... it's whole other problem... it's for a shrink who needs to find out why you like suffering
[12:17] {Threei} after market Geo
[12:17] {GeoArb} ok... TY all bye
[12:17] {magoo} waiting ,94
[12:17] {Threei} http://www.realitytrader.com/tradinglog/
[12:17] {Threei} every day, unedited
[12:18] {Threei} unless there is something very unkosher by our usual misbehaving team {G}
[12:18] {Threei} RIMM is at 1:1
[12:18] {Threei} you are on your own from here
[12:19] {Chaeron} am I on the team?????? :)))
[12:21] {Chaeron} (*crickets chirping......*)
[12:28] {magoo} out ,87
[12:29] {magoo} TY vad
[12:29] {Threei} with stop under .50 you are at 1:4 mags... under .40 - at 1:2
[12:29] {Threei} nice one
[12:29] {Threei} welcome
[12:29] {magoo} now i confused lol
[12:30] {esemde} Ok am done watching...have a great day everyone...
[12:30] {Threei} take care ese
[12:31] {esemde} see ya vad
[12:31] {magoo} WAIT
[12:31] * magoo slaps esemde around a bit with a large trout
[12:31] {esemde} whaaaaa
[12:31] {esemde} see ya
[12:37] {Threei} how about that, RIMM?
[13:05] {Threei} AAPL
[13:05] {Threei} synchronized with NQ almost perfectly
[13:06] {Threei} watch for a quick scalp when NQ reverses
[13:06] {Threei} will be too fast to call
[13:06] {Threei} either you get a read on it or stay away
[13:07] * Threei slaps Laserdave1 around a bit with a large trout
[13:08] {patience} chaeron, please see dcc, ty
[13:08] {Laserdave1} that was really delayed
[13:09] {Threei} I am getting old
[13:25] {magoo} .
[13:25] {Threei} good point
[13:26] {judijim} we were on break but read for trading "wisdom" helps our conservative focused trading. TY Vad, ahead today so far :)
[13:26] {judijim} read your
[13:27] {Threei} good job jj
[13:31] {Threei} anyone found entry AAPL?
[13:32] {markweb} @.00
[13:33] {Threei} and out at...?
[13:33] {markweb} .30
[13:33] {Threei} :)
[13:33] {Threei} not a stellar day still but considerably better than yesterday
[13:48] {Threei} market is holding its breath ahead of IBM
[13:49] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:49] {Threei} oh, and beige book in 10 min
[13:49] {Threei} hah... and you call me slow dave
[13:50] {Chaeron} :)
[13:51] {magoo} is that usually a mkt mover vad?
[13:51] {Threei} sometimes
[13:51] {Threei} when something out of whack reported
[14:01] {Threei} FED'S BEIGE BOOK: 9 DISTRICTS REPORT SLOWING ECONOMIC ACTIVITY, WEAKENED SINCE FEB
- Lending standards tightened and loan demand was down, consumer spending seen softening in most of US
[14:01] {Threei} - Notes input costs up, smaller rises in selling prices
[14:01] {Threei} - Labor markets described as weakening
[14:02] {Threei} non event
[14:04] {Threei} FED'S PLOSSER: IT MAY NOT BE A RECESSION, "BUT IT FEELS PRETTY BAD," CLEAR THAT THE ECONOMY HAS SLOWED DRAMATICALLY - Q&A
- Fed must be cautious about the "last resort" role, must be careful not to aggravate boom-bust cycles. The Fed's role is to preserve the functioning of the marketplace.
[14:10] {Threei} RIMM looks like short here
[14:12] {Threei} stp above 120
[14:12] {magoo} where u in?
[14:12] {magoo} i .81
[14:12] {Threei} .92
[14:13] {Threei} wow
[14:13] {magoo} grrrrrrrr
[14:13] {magoo} thats when i saw your post
[14:13] {Threei} it was avilable much closer to resistance
[14:13] {Threei} posted it when it was .95
[14:19] {magoo} thats sucjked
[14:19] {magoo} for me anyway
[14:19] {Threei} sure... if you entger at 1:1
[14:20] {magoo} u get me alot that way..u gotta put yourt price target up when u can
[14:20] {Threei} I do when I can
[14:20] {magoo} i looked up..saw .81
[14:20] {Threei} every time we play something slower or located farther from trigger, you se a price
[14:20] {magoo} took it and wasted 100 bux
[14:21] {Threei} fast and volatile one, and right on entry point, I can't
[14:21] {Threei} whaty can I do so you see it when I post it?
[14:21] {Threei} and not 10 cents later?
[14:22] {Threei} set sound alert
[14:22] {Threei} look at the chart before you enter
[14:22] {Threei} you know I am not calling entry into spike
[14:22] {magoo} it just happens alot.u always say i'm chasing..but thats where i notice call and have mno idea if i am chasing
[14:23] {Threei} do you look at the chart?
[14:23] {magoo} not complaining..but it happens alot to me
[14:23] {Threei} I am suggesting you ways to fix it
[14:24] {Threei} at least two, and better both
[14:24] {magoo} right after u fill..why not post the entry price u get?
[14:24] {Threei} because it's a fast stock and it moves?
[14:25] {magoo} like pulp?
[14:25] {magoo} "pulp can nmove baby"george castanza
[14:53] {magoo} big p[ower up boss
[14:57] {Threei} market thinks IBM is going to be good
[15:00] {magoo} i calleed dino in myrtle...he says up
[15:00] {hawkfan4} lol :)
[15:10] {magoo} rimm l here .50 break
[15:11] {magoo} scalp
[15:13] {magoo} out here .73
[15:14] {markweb} out Rimm +.20 Thanks Magoo:)
[15:14] {magoo} nice mark
[15:14] {magoo} quick one
[15:14] {markweb} got@55
[15:15] {magoo} half lot?
[15:15] {markweb} 100sh
[15:15] {magoo} oh..ok..its risky ..i play half lots
[15:15] {magoo} .20 cent =100 bux
[15:16] {markweb} sweet:)
[15:17] {magoo} vad..i need the other rioom service here...
[15:19] {Threei} spelling lessons?
[15:19] {magoo} liter = how many ounces?
[15:21] {markweb} 1 btl
[15:22] {Threei} 1 liter = 33.814 oz
[15:24] {magoo} ty
[15:25] {magoo} if IF mkt wants to sell off...100 shares short bidu...ONLY if IF mkt crashes ...ROISKY
[15:25] {Threei} FED'S MISHKIN: THERE IS ROOM TO LOWER THE FED FUNDS RATE "IF NEEDED
[15:26] {magoo} market still powering up
[15:26] {Threei} oh yes, let's kill that dollar, it's still breathing
[15:26] {Threei} no news QTWW... impressive % move
[15:27] {Threei} energy sector
[15:29] {Threei} well... IBM 20 break, do we dare?
[15:29] {Threei} 120 I mean
[15:31] {magoo} in
[15:31] {Threei} huge wall... I'll wait for actual break
[15:34] {magoo} yeah..smart
[15:35] {magoo} ouyt flat
[15:43] {bruce} dcc mark
[15:43] {magoo} [15:31] {Threei} huge wall... I'll wait for actual break
[15:43] {magoo} ty..u keep making those : )
[15:44] {bruce} yes
[15:44] {magoo} dino said yesterday.."u watch..i go away and huge rally"
[15:44] {magoo} +233 so far
[15:45] {Threei} hmmm... no IBM earnings yet
[15:45] {Threei} quite a quick move
[15:45] {Threei} making those walls mags?
[15:47] {magoo} huh?
[15:47] {Threei} [15:43] {magoo} ty..u keep making those
[15:47] {magoo} hows volume today?
[15:47] {Threei} those what? :)
[15:47] {Threei} bigger than last couple days
[15:47] {magoo} oh..those comments
[15:47] {magoo} saved me some bling
[15:47] {Threei} ah
[15:48] {magoo} i dumped flat after u brought that to my attention..an obversight for me
[15:48] {Threei} sometimes aggresive entries just don't feel right
[15:48] {magoo} f'in BIDU up 30
[15:49] {magoo} sheesh...think about those who say"its gotta pullback..can't close up 25"
[15:49] {magoo} ive learned BIDU can edo anything it wants
[15:51] {judijim} we'll be back Thursday for short time in am, today was a slight - but we hung in there. Thanks everyone
[15:52] {Threei} taske care jj
[15:52] {Threei} -s
[15:52] {magoo} bye JJ
[15:53] {magoo} doug kasss{aka perma bear short} just dropped his short term plays for now
[15:53] {magoo} his shorts
[15:56] {magoo} dropping his shorts he he
[15:56] {magoo} full monte'
[15:56] {Threei} IBM is back to 120
[15:56] {Threei} not touching it
[15:56] {Threei} earning too close
[15:56] {Threei} +s
[15:57] {magoo} whats +s
[15:57] {Threei} earning + s = earnings
[15:59] {Threei} too bad, lol
[15:59] {cosmo} makes cents...
[15:59] {Threei} would have been a nice scalp to finish
[16:01] {Threei} will wait a bit for IBM/EBAY
[16:01] {magoo} me too
[16:02] {Threei} wow
[16:02] {Threei} some impatient buyers
[16:03] {Threei} 121 buyer lost buck and half in a jiffy
[16:03] {magoo} that was me
[16:03] {magoo} NOT
[16:05] {Threei} GILD
[16:05] {Threei} REPORTS Q1 $0.54 V $0.48E, R $1.26B V $1.22BE
[16:07] {magoo} IBM going
[16:07] {Threei} EPORTS Q1 $1.65 V $1.45E, R $24.5B V $23.7BE
[16:07] {magoo} report out?
[16:07] {Threei} - Q1 GM 41.5% v 40.2% y/y.
[16:08] {magoo} 124
[16:08] {magoo} its moving RIMM & AAPL
[16:10] {Threei} OK, done
[16:10] {magoo} huh?
[16:10] {Threei} thank you,
[16:10] {Threei} see you all tomorrow
[16:10] {magoo} ty vad
[08:03] {Threei} JPM
[08:03] {Threei} REPORTS Q1 $0.68 V $0.64E, R $17.90 V $16.97BE, ROE 8.0% V 17% Y/Y
- Takes Q1 Markdown of $2.6B
[08:03] {Threei} - Q1 ROE 8.0% v 17% y/y and 10% in Q4
[08:03] {Threei} - Q1 ROA 0.61% v 1.41% y/y and 0.77% in Q4
[08:03] {Threei} - Q1 Tier1 Capital ratio 8.3% v 8.5% y/y and 8.4% in Q4
[08:18] {Threei} CEO SAYS CREDIT ENVIRONMENT HAS GOTTEN BETTER IN THE FIRST COUPLE OF WEEKS IN APRIL - WIRE HEADLINE- Adds that "its very hard to predict" when credit markets will return to normal
[08:30] {Threei} MAR CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD_ENERGY M/M: 0.2% V 0.2%E;
[08:30] {Threei} CPI NSA: 213.528 V 213.390E
[08:30] {Threei} MAR HOUSING STARTS: 947K V 1.010ME; BUILDING PERMITS: 927K V 970KE
[08:33] {magoo} morning
[08:33] {Threei} magoo :)
[08:37] {magoo} vad dcc
[08:41] {Threei} 04/15/08 08:59pm [POZN] FDA approves Treximet (sumatriptan and naproxen sodium) tablets for acute migraine
[08:42] {Onix} Good morning all
[08:42] {Threei} onix :)
[08:43] {Onix} Thanks for all the info Vad
[08:44] {Threei} sure... which info? :)
[08:45] {Onix} All this relevant info that you take the trouble with providing it to us
[08:45] {Threei} oh, news posts
[08:45] {Onix} ya
[08:45] {Threei} it's easy... it crosses the wire, I copy and paste :)
[08:46] {Onix} most excellent!
[08:46] {Threei} just need to know what is significant and what is not
[08:46] {patience} yes vad, but you post the news before it even hits BNN and other financial news
[08:46] {patience} which is very good :)
[08:46] {Onix} yes, what "the market" will react to hey?
[08:46] {patience} gm RT
[08:46] {Threei} patience :)
[08:47] {Onix} gm patience
[08:47] {patience} morning Onix :)
[08:49] {Threei} some of them do have immediate impact
[08:50] {Threei} some are more of "general mood setting" kind
[08:51] {Onix} you think INTC will lift the market the same way today as what GE pulled it down the other day?
[08:51] {Threei} it does so far, the real question is for how long
[08:51] {Threei} we are in strong bear market,
[08:52] {Threei} traders tend to use this kind of positive news followed by upward spike to sell into
[08:52] {Onix} maybe 2 or 3 days or not?
[08:52] {Threei} but rallies in bear market can be extremely brutal
[08:52] {Threei} anyone's guess onix
[08:52] {Threei} could be couple hours
[08:52] {Threei} could be couple days
[08:53] {Threei} market will react on the same news differently depending on current environment
[08:53] {Onix} so true
[08:54] {Threei} I mean... there was time when merely mention that some obscure company established a website would triple stock's price :)
[08:54] {Onix} you mean brutal rallies in the sense that they are up so sharp or that they can fail so sudenly?
[08:54] {Threei} very sharp spike going way beyond what seems to be reasonable
[08:55] {Onix} I see ... where price and volume are way out of whack?
[08:55] {Threei} pretty much
[08:55] {Threei} shorts get too complacent,
[08:55] {Threei} life becomes too easy for them
[08:56] {Threei} so when upward move comes and alarms them
[08:56] {Threei} they go therouhg those same stages long do when bull market comes to a heavy setback
[08:56] {Threei} at some point they get squeezed and start covering, fueling further rise
[08:56] {cosmo} seems so brutal...
[08:57] {Onix} ya, Cramer also mentioned the short squeese last night
[09:01] {esemde} morning....
[09:02] {Onix} gm esemde
[09:02] {esemde} onix.....
[09:02] {Threei} ese :)
[09:05] {Threei} keeping an eye on WM
[09:05] {esemde} hmmm it appears in general we having everything yet nothing going on this morning.....in a roundabout sort of way of course
[09:05] {esemde} WM...
[09:05] {esemde} it its
[09:07] {Threei} SPWR
[09:07] {Threei} TICKS HIGHER IN PRE-MARKET AFTER COWEN AND UBS HAD POSTIVE EARNINGS PREVIEWS
[09:08] {GeoArb} gm
[09:08] {Threei} geo :)
[09:09] {esemde} geo
[09:11] {Threei} 04/16/08 06:08am
[09:11] {Threei} [FEED] Agfeed Industries To Acquire Multiple Commercial Hog Farms in China
[09:11] {Threei} - has entered into agreements to acquire majority ownership (on average more than 90%) of several commercial hog farms located in south China provinces
[09:12] {Threei} WM support around .70... would like to see a pullback for entry
[09:13] {markweb} Good morning all
[09:13] {Threei} mark :)
[09:13] {magoo} goog report after bell anyone?
[09:13] {markweb} :)
[09:14] {esemde} ASML moving also
[09:14] {magoo} hawk, u know?
[09:14] {hawkfan4} yep, 4/17 at 4:30
[09:15] {Threei} today is EBAY, IBM, RMBS
[09:15] {hawkfan4} or right after bell i mean, cc at 4:30, oops, that's tomorrow
[09:15] {Threei} MARCH INDUSTRIAL PRODUCTION: 0.3% V -0.1%E; CAPACITY UTILIZATION: 80.3% V 80.3%E
[09:16] {Threei} ESLR tomorrow also
[09:17] {magoo} TY
[09:20] {tomg} good morning
[09:20] {Threei} tom :)
[09:21] {magoo} tom:)
[09:28] {fernp} gm
[09:28] {Threei} fernp :)
[09:29] {magoo} vad, what symbol for nzaz? $ndx?
[09:30] {Threei} yes
[09:30] {magoo} ty
[09:30] {Threei} no pullback WM
[09:31] {esemde} POZN....
[09:32] {GeoArb} WM pulling
[09:33] {Threei} LLTC .75 long if stays above .60
[09:33] {cosmo} ASML
[09:33] {magoo} in lltc
[09:35] {bruce} l lltc .68
[09:36] {Threei} FEED smallish shares 17 break
[09:36] {magoo} already up
[09:36] {Threei} yeah, don't chase
[09:37] {magoo} aapl nbounce here
[09:38] {magoo} in aapl 151
[09:39] {Threei} come on already LLTC
[09:40] {magoo} out aapl here .35
[09:40] {Threei} APWR
[09:40] {Threei} CNBC?
[09:41] {Threei} WM
[09:41] {Threei} .71 long
[09:41] {Threei} .64 stop
[09:42] {magoo} in wamu .69
[09:43] {Threei} LLTC out
[09:44] {bruce} stooped lltc
[09:45] {fernp} me too
[09:45] {Threei} no bounce yet WM
[09:46] {magoo} me too
[09:46] {GeoArb} me too
[09:47] {GeoArb} all of us got stopped how come no rise in chart :D
[09:47] {Threei} stops are there for a reason
[09:47] {Threei} not every retreat is a rinse
[09:47] {GeoArb} just kidding :)
[09:48] {GeoArb} i take my stops (medicine) like a good boy
[09:48] {Threei} looking at it further drop, be thankful you do :)
[09:48] {GeoArb} yeah
[09:49] {esemde} long KLAC 1/2 lot .53
[09:49] {Threei} JNPR pulled back into 23 support
[09:50] {Threei} no confidence really... market is 50/50 here
[09:50] {Roman}
21 JASO highs
[09:51] {Roman}
21 waiting for pullback , bidding 24.95
[09:51] {Roman}
21 in small JASO
[09:51] {bruce} jaso beak candidate vad
[09:53] {Threei} needs to take .05
[09:54] {bruce} stop looks to be about .95 for now if breaks
[09:54] {Threei} way too tight for such volatile one
[09:54] {bruce} so much for long jaso
[09:55] {Roman}
21 i am still in JASO with a stop .74
[09:55] {Threei} to me, it's valid as long as it stays above .80
[09:58] {Threei} KLAC looks good so far ese
[09:59] {Roman}
21 FEED back to highs
[09:59] {Roman}
21 near highs
[09:59] {bruce} rimm looks like retrace long candidate if 117.9 holds
[10:01] {magoo} u in klac?
[10:01] {markweb} out KLAC +.18 Thanks ESE:)
[10:01] {esemde} Out KLAC .74
[10:02] {esemde} +.21...almost 1:1
[10:02] {Roman}
21 stoppped JASO
[10:03] {esemde} your welcome mark
[10:03] {esemde} was BS luck that i got the .74 exit on that one too
[10:04] {bruce} s sina 38.50 stop .75
[10:06] {Threei} JPM .85 long, stop .69
[10:07] {Threei} if loses .70 before triggering, let it fall under 43.5 before getting interested again
[10:09] {Threei} invalidated
[10:11] {esemde} Thinkin long COIN at .66
[10:11] {Threei} as FEED sympathy?
[10:11] {esemde} damm......no sooner......&^%^%$
[10:12] {Threei} SEED is another one
[10:12] {esemde} i'll look at that
[10:13] {bruce} stopped sina +12c
[10:14] {fernp} looking GGB
[10:15] {Threei} market still hasn't made up its mind about the direction
[10:16] {Threei} what did BIDU just get happy about?
[10:17] {Threei} no fresh newsa
[10:17] {magoo} no clue
[10:17] {magoo} goog red
[10:17] {magoo} ah..follows mkt vad
[10:17] {esemde} should break the 300 mark
[10:17] {Threei} nope, spiked before NQ
[10:18] {Threei} OK, starts looking like squeeze is going to be the theme
[10:18] {Threei} JPM got away, wanted it under .50
[10:19] {Threei} never happened
[10:21] {judijim} Good Morning Everyone
[10:21] {Threei} jj :)
[10:21] {magoo} JJ : )
[10:21] {Chaeron} GM all...
[10:21] {Threei} chaeron :)
[10:21] {Threei} for adrenalin deprived, TTES
[10:21] {Threei} 57 break
[10:21] {Threei} extremely volatile
[10:21] {magoo} OY
[10:23] {magoo} no like spread
[10:23] {bruce} what would bve stop for ttes - looks likes .75 or so?
[10:23] {Threei} yes
[10:24] {bruce} k
[10:24] {bruce} would that be coffee tea or ttes?
[10:25] {Threei} RIMM, 119 break if NQ spikes again
[10:26] {Threei} stop under .80 for scalpers, under .70 for da trade
[10:26] {Chaeron} in RIMM .02
[10:29] {Threei} scalpers have 1:1
[10:29] {Threei} daytraders too
[10:29] {ThurstonHowellTheThird} ty +.30
[10:29] {Threei} for daytrade, half out here
[10:29] {Threei} stop to .95
[10:30] {Threei} welcome thtt
[10:31] {Threei} oil inventory numbers are coming
[10:31] {Threei} DOE CRUDE: V +1.7ME ; GASOLINE: V -2ME ; DISTILLATES: V -1.7ME ; UTILIZATION: % V 83.8%E
API:
[10:31] {Threei} - Crude: +2.456M
[10:31] {Threei} - Gasoline: -2.38M
[10:31] {Threei} - Distillate: -0.939M
[10:32] {Threei} those are estimates
[10:32] {Threei} no actual numbers yet
[10:32] {Threei} delayed... do they need to edit them? :)
[10:33] {Chaeron} getting whiteout....
[10:33] {Threei} ok RIMM... let's do it
[10:34] {esemde} am i back....got cut off for some weird reason
[10:34] {Threei} you are back
[10:34] {esemde} tks
[10:35] {Threei} DOE CRUDE: -2.36M V +1.7ME
[10:35] {Threei} GASOLINE: -5.52M V -2ME ; DISTILLATES: +52K V -1.7ME ;
[10:36] {Threei} one set of nonsense numbers is behind us... what's next
[10:36] {Threei} beige book at 2
[10:36] {Threei} sigh
[10:37] {Threei} AKES NEW ALL-TIME HIGH POST DOE INVENTORY DATA
[10:37] {Threei} OIH
[10:37] {Threei} great
[10:37] {Threei} just what we need, more oil price increase
[10:38] {Threei} stop to .99 RIMM
[10:38] {Threei} not that 4 cents matter
[10:38] {Threei} just a matter of ... not willing to lose on itprinciple
[10:39] {Threei} JASO rinsed you Roman
[10:39] {Threei} how rude
[10:40] {magoo} me too
[10:41] {Threei} FSLR goes to 300 today I guess
[10:46] {Threei} too bad RIMM
[10:46] {Threei} looking for another entry
[10:47] {magoo} agree..as long as mkt heads up
[10:51] {Threei} not really clear here, just jumps up and down
[10:58] {Threei} feels like another market spike is coming
[10:58] {Threei} AMZN long
[10:59] {magoo} what u get?
[10:59] {Threei} stop under .40 for scalpers, under .30 for day trade
[11:00] {Threei} spike is here... how about following AMZN
[11:01] {Chaeron} in AMZN .53
[11:03] {patience} magoo, did dino whisper into your ear if the dow is going up 300 today?
[11:03] {Threei} not sure I like this hesitation... stop under .40
[11:03] {Threei} with this market stength should have gkotten better follow-through from AMZN
[11:06] {Threei} out
[11:06] {Chaeron} me too
[11:07] {Chaeron} -.17
[11:07] {bruce} don't have nq vad but was watching q's and they showed selling pressure
[11:08] {Threei} from 10:50 for the next 5-6 minutes?
[11:08] {Threei} 10:58, sorry
[11:08] {GeoArb} how do we see selling pressure?
[11:09] {GeoArb} (sincere question)
[11:09] {Threei} I am looking at Qs chart bruce
[11:09] {Threei} are we talking about different time or what?
[11:09] {Threei} it shows the same buying as NQ's chart
[11:10] {bruce} I 've have level 2 up for it as well
[11:10] {patience} sold 3 agrium july calls, bought at 6.30, sold at 18.20
[11:10] {Threei} L2 for Qs is useless
[11:10] {bruce} been seeing stready big numbers filling in on sell side
[11:10] {Chaeron} nice job Patience!
[11:10] {patience} ty chaeron, still have 6 left
[11:11] {bruce} and on chart - small candle at 11:04 then decline below it
[11:11] {Threei} 11:04, yes... but the call for upward was made at 10:58
[11:12] {bruce} k - looks good from there - just didn't pan out
[11:13] {bruce} stld short candidate if it goes back up near 38 and fails
[11:29] {Chaeron} I am too damn nice
[11:29] {Chaeron} shoot... wrong window... sorry
[11:29] {GeoArb} youre nice here too chaeron
[11:29] {Threei} me too chaeron... just look:
[11:29] * Threei slaps Chaeron around a bit with a large trout
[11:29] {Chaeron} shucks... I want to be a "bad boy"
[11:29] * magoo slaps Threei around a bit with a large trout
[11:30] {Chaeron} thanks mags
[11:31] {Chaeron} fslr
[11:32] {Threei} wanted to call SOLF break at .15 and canceled... guess whose fault it is
[11:32] {Chaeron} mine
[11:32] {Threei} nope
[11:33] {magoo} mine
[11:33] {Threei} yup :)
[11:33] {magoo} u gotta ignore me : )
[11:34] {GeoArb} how can we
[11:34] {GeoArb} youre too damned nice
[11:34] {magoo} ask my wife
[11:34] {GeoArb} no no... that was chaeron
[11:34] {Chaeron} heck... you're on my "alert" list mags
[11:34] * Chaeron shaking head... how to get rid of "nice" image......?
[11:34] {Threei} easy
[11:34] {Chaeron} even larisa thought I was too polite
[11:35] {GeoArb} (highlighting chaeron in oink in mirc.....)
[11:35] {GeoArb} pink
[11:35] {Chaeron} and SHE was super nice
[11:35] {Threei} go out, find some baby with candy, take the candy from the baby
[11:35] {Chaeron} oink??? you calling me fat??
[11:35] {GeoArb} wellll oink IS pink
[11:35] {Threei} make sure someone videotaping the act
[11:35] {Threei} get back here and show us footage
[11:35] {Chaeron} 3i - lol
[11:36] {Threei} and hey, no staging
[11:36] {GeoArb} i do that to my kids all the time
[11:36] {Threei} if baby says "here uncle chaeron, take this candy" - won't count
[11:36] {GeoArb} i call it good parenting
[11:36] {Chaeron} roflol
[11:36] {Chaeron} damn AMZN
[11:37] {Threei} come on... you wouldn't hold it through the drop all the way to 74
[11:37] {GeoArb} last 2 days tough
[11:37] {Chaeron} naaa you're right
[11:37] {GeoArb} for me... yesterday was all luck....
[11:37] {GeoArb} today i made interesting mistakes
[11:38] {magoo} or..go out in front of crowd and kick first puupy u see
[11:39] {GeoArb} saw .85 JPM call and for some reason saw .75
[11:39] {GeoArb} and entered......
[11:39] {GeoArb} wierd.... need sleep/coffee
[11:39] {GeoArb} saw AMZN call and decide to enter on higher price break...... so got stopped on higher loss...
[11:40] {GeoArb} i guess only experienced chefs should modify recipes
[11:41] {bruce} rimmsky trying to break long here
[11:42] {GeoArb} ok now i am insulted...... not even a measly trout
[11:43] {Threei} we are too nice geo
[11:43] {markweb} JPM news?
[11:43] {GeoArb} SLM?
[11:44] {Threei} JPM
[11:44] {Threei} TO SELL PERPETUAL PREFERRED STOCK - WIRE HEADLINE
[11:45] {markweb} ??? ty
[11:45] {markweb} JPM long?short?side?
[11:51] {Threei} UPDATE: US SENATOR CANTWELL URGES THE FTC TO LAY OUT PLANS TO CURB OIL MARKET SPECULATION BEFORE THE SUMMER DRIVING SEASON BEGINS- under legislation sponsored by the Senator and passed last year, the FTC is required to put a rule in place detailing how it would oversee any alleged oil market speculation or manipulation
[12:01] {Threei} I didn't see the details... but things like this tend to double the price of the very product they intend to regulate
[12:02] {Threei} RIMM is tempting here, right at support
[12:02] {Threei} whether market helps or not is 50/50
[12:03] {Threei} but if it shows stgrength, quick grab with stop under .40 looks worth it
[12:04] {Threei} mark... the more I look at JPM the more I think leave it alone for today
[12:05] {markweb} to late, im stoppped:(
[12:06] {Threei} new high RIMM
[12:06] {magoo} oin .61
[12:07] {Threei} it never lost .50
[12:07] {Threei} so stop under it makes sense for scalpers
[12:08] {markweb} im stopped on JPM
[12:08] {Threei} I am not sujre why you were even in to say honestly
[12:08] {markweb} me to:)
[12:09] {Threei} well desvred stop then :)
[12:09] {markweb} y
[12:09] {Threei} don't trade on impulse... trade on valid setup
[12:09] {Threei} keep stop where chart says
[12:09] {Threei} let market do its thing
[12:09] {Threei} and most important as of this very momnent,
[12:09] {Threei} today and yesterday:
[12:10] {Threei} realize how probabilities work,
[12:10] {Threei} odds are not distribute evenly,
[12:10] {Threei} there are clusters here and there
[12:10] {Threei} so, after two months of trading at winning rate beyond normal, we have two days ofd losing cluaster
[12:11] {Threei} what do you do about that?
[12:11] {Threei} anyone?
[12:11] {GeoArb} ummm not make mistakes like min
[12:11] {GeoArb} mine
[12:11] {Threei} well, that's true for any time :)
[12:12] {Threei} specifically at this point what you do is
[12:12] {Threei} 1. shrug
[12:12] {Threei} 2. keep your stops rteligiously
[12:12] {Chaeron} cut back to smaller shares and take only most probable
[12:12] {GeoArb} i am not sure about smaller shares
[12:12] {Threei} 3. let market work it out and get back into more normal odds distribution phase
[12:12] {Chaeron} I thought #2 was anytime anyway
[12:12] {GeoArb} as keeping decent position on RIMM dug me out today
[12:13] {Threei} chaeron, that's true, but there is one interesting twist to it right now
[12:13] {Threei} when market acts like it does last few days
[12:13] {Threei} it tends to shake you our more often than usual, then continue moving in your favor
[12:13] {Threei} and herein lies the danger
[12:13] {Threei} you seee it a few times, you decide it became new norm\
[12:14] {Threei} and next time you ignore your stop
[12:14] {Chaeron} yeah... noticed
[12:14] {Threei} or widen it beyond your risk tolerance
[12:14] {Threei} worst thing that can happen now is, it works
[12:14] {Threei} your stock returns and makes you a profit
[12:14] {Threei} bad habit gets reinforced
[12:14] {Threei} you start doing it more often
[12:15] {Threei} you know what happens next, right?
[12:15] {markweb} y Vad:(
[12:15] {Threei} if you alresdy know, then change :( to :)
[12:15] {Threei} it means this common mistake is already behind you
[12:16] {Threei} if you already paid for it, you bought the knowledge not to do it again
[12:16] {GeoArb} off to work...need to read vad's advise today... when do you post blog?
[12:16] {GeoArb} chat transcript i mean
[12:17] {Threei} now... if you repeat it... it's whole other problem... it's for a shrink who needs to find out why you like suffering
[12:17] {Threei} after market Geo
[12:17] {GeoArb} ok... TY all bye
[12:17] {magoo} waiting ,94
[12:17] {Threei} http://www.realitytrader.com/tradinglog/
[12:17] {Threei} every day, unedited
[12:18] {Threei} unless there is something very unkosher by our usual misbehaving team {G}
[12:18] {Threei} RIMM is at 1:1
[12:18] {Threei} you are on your own from here
[12:19] {Chaeron} am I on the team?????? :)))
[12:21] {Chaeron} (*crickets chirping......*)
[12:28] {magoo} out ,87
[12:29] {magoo} TY vad
[12:29] {Threei} with stop under .50 you are at 1:4 mags... under .40 - at 1:2
[12:29] {Threei} nice one
[12:29] {Threei} welcome
[12:29] {magoo} now i confused lol
[12:30] {esemde} Ok am done watching...have a great day everyone...
[12:30] {Threei} take care ese
[12:31] {esemde} see ya vad
[12:31] {magoo} WAIT
[12:31] * magoo slaps esemde around a bit with a large trout
[12:31] {esemde} whaaaaa
[12:31] {esemde} see ya
[12:37] {Threei} how about that, RIMM?
[13:05] {Threei} AAPL
[13:05] {Threei} synchronized with NQ almost perfectly
[13:06] {Threei} watch for a quick scalp when NQ reverses
[13:06] {Threei} will be too fast to call
[13:06] {Threei} either you get a read on it or stay away
[13:07] * Threei slaps Laserdave1 around a bit with a large trout
[13:08] {patience} chaeron, please see dcc, ty
[13:08] {Laserdave1} that was really delayed
[13:09] {Threei} I am getting old
[13:25] {magoo} .
[13:25] {Threei} good point
[13:26] {judijim} we were on break but read for trading "wisdom" helps our conservative focused trading. TY Vad, ahead today so far :)
[13:26] {judijim} read your
[13:27] {Threei} good job jj
[13:31] {Threei} anyone found entry AAPL?
[13:32] {markweb} @.00
[13:33] {Threei} and out at...?
[13:33] {markweb} .30
[13:33] {Threei} :)
[13:33] {Threei} not a stellar day still but considerably better than yesterday
[13:48] {Threei} market is holding its breath ahead of IBM
[13:49] * Chaeron slaps Laserdave1 around a bit with a large trout
[13:49] {Threei} oh, and beige book in 10 min
[13:49] {Threei} hah... and you call me slow dave
[13:50] {Chaeron} :)
[13:51] {magoo} is that usually a mkt mover vad?
[13:51] {Threei} sometimes
[13:51] {Threei} when something out of whack reported
[14:01] {Threei} FED'S BEIGE BOOK: 9 DISTRICTS REPORT SLOWING ECONOMIC ACTIVITY, WEAKENED SINCE FEB
- Lending standards tightened and loan demand was down, consumer spending seen softening in most of US
[14:01] {Threei} - Notes input costs up, smaller rises in selling prices
[14:01] {Threei} - Labor markets described as weakening
[14:02] {Threei} non event
[14:04] {Threei} FED'S PLOSSER: IT MAY NOT BE A RECESSION, "BUT IT FEELS PRETTY BAD," CLEAR THAT THE ECONOMY HAS SLOWED DRAMATICALLY - Q&A
- Fed must be cautious about the "last resort" role, must be careful not to aggravate boom-bust cycles. The Fed's role is to preserve the functioning of the marketplace.
[14:10] {Threei} RIMM looks like short here
[14:12] {Threei} stp above 120
[14:12] {magoo} where u in?
[14:12] {magoo} i .81
[14:12] {Threei} .92
[14:13] {Threei} wow
[14:13] {magoo} grrrrrrrr
[14:13] {magoo} thats when i saw your post
[14:13] {Threei} it was avilable much closer to resistance
[14:13] {Threei} posted it when it was .95
[14:19] {magoo} thats sucjked
[14:19] {magoo} for me anyway
[14:19] {Threei} sure... if you entger at 1:1
[14:20] {magoo} u get me alot that way..u gotta put yourt price target up when u can
[14:20] {Threei} I do when I can
[14:20] {magoo} i looked up..saw .81
[14:20] {Threei} every time we play something slower or located farther from trigger, you se a price
[14:20] {magoo} took it and wasted 100 bux
[14:21] {Threei} fast and volatile one, and right on entry point, I can't
[14:21] {Threei} whaty can I do so you see it when I post it?
[14:21] {Threei} and not 10 cents later?
[14:22] {Threei} set sound alert
[14:22] {Threei} look at the chart before you enter
[14:22] {Threei} you know I am not calling entry into spike
[14:22] {magoo} it just happens alot.u always say i'm chasing..but thats where i notice call and have mno idea if i am chasing
[14:23] {Threei} do you look at the chart?
[14:23] {magoo} not complaining..but it happens alot to me
[14:23] {Threei} I am suggesting you ways to fix it
[14:24] {Threei} at least two, and better both
[14:24] {magoo} right after u fill..why not post the entry price u get?
[14:24] {Threei} because it's a fast stock and it moves?
[14:25] {magoo} like pulp?
[14:25] {magoo} "pulp can nmove baby"george castanza
[14:53] {magoo} big p[ower up boss
[14:57] {Threei} market thinks IBM is going to be good
[15:00] {magoo} i calleed dino in myrtle...he says up
[15:00] {hawkfan4} lol :)
[15:10] {magoo} rimm l here .50 break
[15:11] {magoo} scalp
[15:13] {magoo} out here .73
[15:14] {markweb} out Rimm +.20 Thanks Magoo:)
[15:14] {magoo} nice mark
[15:14] {magoo} quick one
[15:14] {markweb} got@55
[15:15] {magoo} half lot?
[15:15] {markweb} 100sh
[15:15] {magoo} oh..ok..its risky ..i play half lots
[15:15] {magoo} .20 cent =100 bux
[15:16] {markweb} sweet:)
[15:17] {magoo} vad..i need the other rioom service here...
[15:19] {Threei} spelling lessons?
[15:19] {magoo} liter = how many ounces?
[15:21] {markweb} 1 btl
[15:22] {Threei} 1 liter = 33.814 oz
[15:24] {magoo} ty
[15:25] {magoo} if IF mkt wants to sell off...100 shares short bidu...ONLY if IF mkt crashes ...ROISKY
[15:25] {Threei} FED'S MISHKIN: THERE IS ROOM TO LOWER THE FED FUNDS RATE "IF NEEDED
[15:26] {magoo} market still powering up
[15:26] {Threei} oh yes, let's kill that dollar, it's still breathing
[15:26] {Threei} no news QTWW... impressive % move
[15:27] {Threei} energy sector
[15:29] {Threei} well... IBM 20 break, do we dare?
[15:29] {Threei} 120 I mean
[15:31] {magoo} in
[15:31] {Threei} huge wall... I'll wait for actual break
[15:34] {magoo} yeah..smart
[15:35] {magoo} ouyt flat
[15:43] {bruce} dcc mark
[15:43] {magoo} [15:31] {Threei} huge wall... I'll wait for actual break
[15:43] {magoo} ty..u keep making those : )
[15:44] {bruce} yes
[15:44] {magoo} dino said yesterday.."u watch..i go away and huge rally"
[15:44] {magoo} +233 so far
[15:45] {Threei} hmmm... no IBM earnings yet
[15:45] {Threei} quite a quick move
[15:45] {Threei} making those walls mags?
[15:47] {magoo} huh?
[15:47] {Threei} [15:43] {magoo} ty..u keep making those
[15:47] {magoo} hows volume today?
[15:47] {Threei} those what? :)
[15:47] {Threei} bigger than last couple days
[15:47] {magoo} oh..those comments
[15:47] {magoo} saved me some bling
[15:47] {Threei} ah
[15:48] {magoo} i dumped flat after u brought that to my attention..an obversight for me
[15:48] {Threei} sometimes aggresive entries just don't feel right
[15:48] {magoo} f'in BIDU up 30
[15:49] {magoo} sheesh...think about those who say"its gotta pullback..can't close up 25"
[15:49] {magoo} ive learned BIDU can edo anything it wants
[15:51] {judijim} we'll be back Thursday for short time in am, today was a slight - but we hung in there. Thanks everyone
[15:52] {Threei} taske care jj
[15:52] {Threei} -s
[15:52] {magoo} bye JJ
[15:53] {magoo} doug kasss{aka perma bear short} just dropped his short term plays for now
[15:53] {magoo} his shorts
[15:56] {magoo} dropping his shorts he he
[15:56] {magoo} full monte'
[15:56] {Threei} IBM is back to 120
[15:56] {Threei} not touching it
[15:56] {Threei} earning too close
[15:56] {Threei} +s
[15:57] {magoo} whats +s
[15:57] {Threei} earning + s = earnings
[15:59] {Threei} too bad, lol
[15:59] {cosmo} makes cents...
[15:59] {Threei} would have been a nice scalp to finish
[16:01] {Threei} will wait a bit for IBM/EBAY
[16:01] {magoo} me too
[16:02] {Threei} wow
[16:02] {Threei} some impatient buyers
[16:03] {Threei} 121 buyer lost buck and half in a jiffy
[16:03] {magoo} that was me
[16:03] {magoo} NOT
[16:05] {Threei} GILD
[16:05] {Threei} REPORTS Q1 $0.54 V $0.48E, R $1.26B V $1.22BE
[16:07] {magoo} IBM going
[16:07] {Threei} EPORTS Q1 $1.65 V $1.45E, R $24.5B V $23.7BE
[16:07] {magoo} report out?
[16:07] {Threei} - Q1 GM 41.5% v 40.2% y/y.
[16:08] {magoo} 124
[16:08] {magoo} its moving RIMM & AAPL
[16:10] {Threei} OK, done
[16:10] {magoo} huh?
[16:10] {Threei} thank you,
[16:10] {Threei} see you all tomorrow
[16:10] {magoo} ty vad
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