July 16 2008

[08:27] {Threei} FRE
[08:27] {Threei} TO ISSUE NEW $3B 2-YEAR REFERENCE NOTES SECURITY, INCREASED 4.875% 10-YEAR USD REFERENCE NOTES SECURITY THAT MATURES ON JUNE 13, 2018, BY $1B
[08:37] {Threei} SATC
[08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[08:38] {Threei} *JUN CONSUMER PRICE INDEX M/M: 1.1% V 0.7%E; CPI EX FOOD_ENERGY M/M: 0.3% V 0.2%E; CPI NSA: 218.815 V 217.903E
[08:38] {Threei} - CPI y/y: 5.0% v 4.5%e, Highest since April 1991
[08:38] {Threei} - Core CPI y/y: 2.4% v 2.3%e
[08:42] {peterg} hi
[08:43] {Threei} good morning peter
[08:48] {esemde} good Ontario morning.......couple of more days on the lake and will be back with you all full time next week...how are ya????
[08:49] {Threei} good morning ese :)
[08:49] {esemde} vad}}}}!!!!!
[08:49] {Threei} we are good... unlike most summers, far from bored
[08:49] {esemde} pourqoi
[08:50] {Threei} now and then my darts hit target precisely and I do my best pretending it's my genius
[08:50] {Threei} (no one believes but what else is new)
[08:50] {peterg} dumped--im back
[08:50] {esemde} thats Ok Vad....I believe you!
[08:50] {Threei} :)
[08:50] {Threei} how's your vacation going?
[08:51] {esemde} great!!!!!! I realy miss lake of the woods...
[08:51] {Threei} mosquitos don't spoil it?
[08:52] {esemde} weather has not been all that great and the mosquitos have indeed been feasting on me
[08:52] {Threei} hate peaky creatures...
[08:53] {esemde} lots of family get togethers....thats has been really enjoyable.....it's also been very neat watching my kids play in all the places i used to play in whaen i was a kid
[08:54] {Threei} must be a blast :)
[08:54] {esemde} indeed!!!!!!
[08:58] {judijim} good morning all, hi to ese on vacation, sounds great
[08:58] {Threei} jj :)
[08:58] {esemde} it is indeed JJ
[08:58] {esemde} morning
[08:59] {peterg} vad: whats JBD/DBI 5 on intellescan?
[08:59] {esemde} gonna follow you all for a little bit then it's off to a place called Rushing River....great swiming hole
[08:59] {Threei} I love the place ese
[08:59] {Threei} been there several times
[09:00] {esemde} been along time for me Vad maybe 30 some years
[09:00] {Threei} peter, don't remember honestly... gotta look into configuration to remember what it aims for... it's a very active window, trend following setup
[09:01] {Threei} usually produces some alerts even when everything else is dead
[09:01] {peterg} just trying to distinguish it from regular DBI and JBE
[09:01] {Threei} it takes into considerations several days of consolidation
[09:01] {Threei} (if I remember correct)
[09:01] {Threei} regular JBE/DBI is pure intraday chart formation
[09:02] {peterg} ok
[09:02] {peterg} tks
[09:02] {Threei} best way to evaluate it is to watch its alerts for a while, look at the charts
[09:03] {Threei} see if it produces configurations you like
[09:03] {Threei} for inner mechanics of it just go to Configuration and see which alerts and parameters are there
[09:03] {peterg} I think it's optimistic to think one (this one) can become trader in one year
[09:04] {Threei} well... define "becoming a trader"
[09:04] {peterg} yeah---
[09:04] {peterg} greater confidence,
[09:04] {Threei} I know people who made it to consistency in less than one year
[09:04] {Threei} and I know people who never made it
[09:05] {peterg} ok ill stop complaining & get to work
[09:05] {Threei} what I don't know is people who became consistently profitable from the get go
[09:05] {Threei} or in a month-two
[09:05] {Threei} just doesn't happen
[09:06] {peterg} I joined trading room when I recognized I had no idea what I was doing
[09:06] {Threei} always was amazed seeing those who tried for a month or two, then said "it can't be done" and abandoned it
[09:06] {Threei} as if it was some easy gig, not a profession
[09:07] {Threei} well, after following the room for couple months, do you feel you gained in understanding?
[09:07] {peterg} yep, that is fantasy #1
[09:07] {peterg} yes to question; beginning of idea of understanding
[09:07] {peterg} feel at the base of large mountain
[09:07] {Threei} then things progress in right direction
[09:07] {peterg} I think so
[09:08] {Threei} some find it impossible to overcome inner resistance to the very approach we preach
[09:08] {Threei} their idea of "market can be figured out" makes them uncomfortable with our idea of
[09:08] {Threei} "it can't, and for successful trading it doesn't to"
[09:09] {Threei} doesn't have to
[09:09] {Threei} so they go on trying to find absoulte formula for success
[09:09] {Threei} where they will be able to know exactly what happens next
[09:09] {cosmo} baseball cards?
[09:09] {Threei} have no losing trades
[09:10] {peterg} Yes, it would be nice to be a genius and know everything in advance, the Einstein of it all.
[09:10] {Threei} winning all the money in da world
[09:10] {peterg} and baseball cards
[09:11] {Threei} it's so tempting to think that if you found some numbers on internet showing how muchg of demand there is and how much supply there is, you know where the price is going to move
[09:11] {Threei} false comfort of "knowing"... like siren song
[09:12] {Threei} never what it promises to be yet not many avoided its irresistible temptation
[09:12] {peterg} that is why people are piling into SATC?
[09:12] {Threei} it had news :)
[09:12] {dino} gm all
[09:12] {Threei} [08:37] {Threei} SATC
[09:12] {Threei} [08:37] {Threei} EXPANDING MANUFACTURING CAPACITY IN THE 2H 2008
[09:12] {Threei} dino :)
[09:13] {cosmo} JAVA
[09:13] {fernp} Good morning
[09:13] {Threei} fern :)
[09:13] {magoo} morning
[09:14] {cosmo} Java = Sun offers upbeat Q4 forecast
[09:14] {Threei} magoo :)
[09:14] {cosmo} JAVA that is
[09:15] {pita} morning all
[09:15] {Threei} JUNE INDUSTRIAL PRODUCTION: 0.5% V 0.1%E; CAPACITY UTILIZATION: 79.9% V 79.4%E
[09:15] {dptl} good morning all
[09:15] {Threei} pita :)
[09:15] {Threei} dp :)
[09:16] {dino} and all is well in the world today i see
[09:16] {Threei} for the next 15 minutes at least
[09:17] {brian3579} gm all
[09:19] {Threei} brian :)
[09:23] {dino} gm brian
[09:32] {Threei} JASO half lot long .90 break
[09:32] {Threei} if stays above .70
[09:33] {magoo} in .89
[09:34] {Threei} SOLF half lot long .90 break if stays above .80
[09:35] {magoo} in solf .90
[09:35] {magoo} in csiq .99
[09:37] {magoo} csiq stopped -.30
[09:37] {Threei} no go JASO
[09:37] {magoo} no go solars is what happened
[09:37] {Threei} or rinse
[09:39] {patience} out TD, +.39
[09:39] {Threei} NUAN
[09:39] {Threei} .32 break long
[09:39] {Threei} if stays above .20
[09:42] {Threei} VNDA??
[09:43] {Threei} anyone sees news?
[09:44] {fernp} nothing here
[09:44] {hawkfan4} nope
[09:44] {Threei} someone leaned on buy button accidentally then...
[09:44] {cosmo} CWTR salmon
[09:44] {Threei} or hyped somewhere
[09:44] {cosmo} 6.05 ladder
[09:44] {Threei} 50 cents spike on $3 stock
[09:46] {Threei} NUAN over 1:1
[09:46] {Threei} while market is dropping
[09:46] {cosmo} CWTR needs to hold 5.95 imo
[09:47] {Threei} SQNM will never stop?
[09:47] {Threei} goes to infinity?
[09:47] {hawkfan4} and beyond
06[09:48] * Threei puts short order at Beyond
[09:49] {Threei} half out NUAN
[09:49] {Threei} .54
[09:49] {peterg} interesting-i chickened out of NUAN before the jump
[09:50] {peterg} did not letprofit run
[09:50] {pita} me too
[09:50] {Threei} well, letting profits run is not an universal proposition
[09:51] {Threei} it's just that in this case NUAN acts as salmon
[09:51] {Threei} which made me hold on for more
[09:51] {peterg} yum yum
[09:51] {peterg} up salmon ladder
[09:51] {Threei} coho
[09:51] {Threei} (not a stock symbol)
[09:52] {cosmo} cwtr
[09:52] {Threei} offering 1/4 more at .69
[09:52] {Threei} stop at b/e
[09:53] {dino} v sm l .15
[09:53] {Threei} FNM
[09:53] {Threei} TICKING HIGHER, HEARING UPGRADED TO NEUTRAL FROM SELL RATING AT GOLDMAN SACHS (TIMING UNCERTAIN)
[09:53] {Threei} Goldman feels especially generous today?
[09:54] {Threei} upgrading all kinds of crap
[09:54] {Threei} WHITE HOUSE: BUSH HAS CONFIDENCE IN BERNANKE
[09:54] {Threei} "good job bernie"?
[09:55] {hawkfan4} lol
[09:55] {dino} rimm sm l .75
[09:57] {dino} gs being investigated for shorting fnm, fre, so hey, lets upgrade it for the gov't
[10:02] {Threei} out NUAN in full
[10:02] {Threei} .86 last portion
[10:03] {Threei} +.52
[10:03] {Threei} (took me a while to calculate)
[10:03] {Threei} JASO rinsed us
[10:04] {Threei} FED'S BERNANKE: REITERATES THAT UPSIDE RISKS TO INFLATION HAVE INTENSIFIED, SEES SIGNIFICANT DOWNSIDE RISKS TO GROWTH, CONSUMER SPENDING LIKELY TO BE RESTRAINED OVER COMING QUARTERS
[10:04] {Threei} - Note that Bernanke's comments this morning are the same as those offered yesterday.
[10:05] {Threei} FNM, want long on pullback to 8.20 area
[10:05] {Threei} FRE 6.10 area
[10:11] {Threei} in FNM
[10:11] {Threei} stop under 8
[10:14] {Threei} half out .25 +.13
[10:15] {Threei} stop to 8.05
[10:15] {Threei} out
[10:27] {dino} sm l rick .33
[10:31] {Threei} SQNM... told ya... to the moon
[10:31] {magoo} did u take it?
[10:31] {Threei} nope
[10:35] {Threei} DOE CRUDE: +5.1M V -2ME;
[10:35] {Threei} GASOLINE: +2.4M V -100KE; DISTILLATES: +3.2M V +1.8ME;
[10:36] {Threei} mama mia
[10:36] {Threei} look oil
[10:38] {hawkfan4} it's a beautiful thing
[10:38] {Threei} UAUA skyrocketed
[10:39] {dino} v out .95, +.75
[10:39] {dino} opps +.80
[10:40] {hawkfan4} airline stocks are flying
[10:40] {dino} good one
[10:41] {Chaeron} Good morning everyone... nice on that last trade dino
[10:41] {Threei} chaeron :)
[10:41] {hawkfan4} thank you, i'll be here all week
[10:50] {dino} ty chaer
[10:56] {GeoArb} anyone playing grmn?
[10:57] {dino} n
[10:57] {GeoArb} nice jbe
[11:02] {dino} what did you call me
[11:02] {Threei} lol
[11:03] {Threei} pita, look dcc please
[11:08] {GeoArb} anyone take grmn?
[11:11] {dino} fitb
[11:13] {dino} wow destroying oil, gas, and drillers
[11:20] {dino} rimm stopped .71, .96
[11:21] {magoo} nice
[11:22] {dino} ty
[11:25] {dino} csgp
[11:34] {magoo} vad, is it slow out there or just me?
[11:35] {Threei} very
[11:35] {Threei} market is trying to sort oil out
[11:36] {Threei} even financials took backseat for now
[11:36] {Threei} major question become, will oil rebound or down is its major theme now
[11:36] {GeoArb} thank you all..... off to work... GRMN was the billpayer today :)
[11:36] {Threei} wtg geo
[11:36] {Threei} love to see your progress
[11:37] {GeoArb} thanks
[11:37] {Threei} amazing what a few short months can accomplish
[11:37] {GeoArb} well did take the superlicous secret accelerated class
[11:38] {Threei} lol
[11:39] {Chaeron} "superlicious"?
[11:39] {GeoArb} i am just hungry
[11:40] {GeoArb} and off course grmn went another 80 cens after exit
[11:43] {dino} gj geo
[11:45] {magoo} nice geo..slap??
[11:45] {GeoArb} nah... nothing like yesterday
[11:46] {GeoArb} only 486
[11:46] {Threei} cry me a river
[11:46] {GeoArb} lol]
[11:46] {GeoArb} that was bait
[11:47] {Threei} FED'S BERNANKE: BETTER FOR USD AND US PROSPERITY IF MORE OIL WERE PRODUCED DOMESTICALLY, A 1% INCREASE IN OIL SUPPLY COULD CUT OIL PRICES BY 10%
[11:47] {Threei} gosh, let's drill already
[11:48] {Chaeron} so a 10% increase would cut....?
[11:48] {Threei} 100% of course
[11:48] {Chaeron} FREE GAS TO EVERYONE!!!!
[11:48] {Threei} free oil in every pot
06[11:48] * Threei prepares 3 pots
[11:55] {Threei} UAUA... maybe bounce time with oil retreating again
[11:55] {Threei} just a scalp
[12:18] {Threei} feel free to take UAUA scalp
[12:20] {Threei} any takers?
06[12:21] * Threei prepares to remove himself to remote mountain monastery for 2 years of intense navel-gazing
[12:21] {hawkfan4} i did, thx vad :) half sleeping
[12:22] {dino} i hope it's not your navel your gazing at
[12:24] {Threei} hawk :)
[12:24] {Threei} I think monastery provides navels for gazing dino
[12:27] {Threei} be back in 30 min, got little errand to run
06[12:47] * Chaeron slaps laserdave1 around a bit with a large trout
[13:02] {Threei} back
[13:02] {magoo} missed ya
[13:02] {Threei} didn't miss much I see
06[13:02] * Threei slaps laserdave1 around a bit with a large trout
[13:03] {Threei} *JULY NAHB HOUSING MARKET INDEX: 16 V 18E, A RECORD LOW FOR INDEX
[13:05] {dino} cedc sm l .08
[13:05] {dino} brb
[13:18] {peterg} was there any way to have read RIMM today for long?
[13:18] {Threei} in most cases RIMM is market follower
[13:19] {Threei} long rwead on market takes you to RIMM as trading candidate 9 times out of 10
[13:19] {peterg} so no volume/price read
[13:19] {Threei} the best case is when you get read on the market and RIMM has its own readable trigger
[13:20] {Threei} remember yesterday's call on RIMM?
[13:20] {Threei} when I said I feel market was ready to charge
[13:20] {peterg} yes
[13:20] {Threei} and gave exact entry on RIMM
[13:20] {Threei} it had clear resistance level
[13:20] {Threei} that indicated upward if broken
[13:20] {Threei} at the same time answering question on AAPL I said
[13:21] {Threei} it will follow the market but it has no own merit
[13:21] {Threei} that was exactly what transpired:
[13:21] {Threei} RIMM went off its trigger, AAPL just went with market
[13:21] {Threei} so, today's RIMM hart is like AAPL yesterday
[13:21] {Threei} followed market but had no its own formation to go of
[13:22] {Threei} it doesn't mean those are untradable,
[13:22] {Threei} they are,
[13:22] {Threei} you just need to go with them as you gain a feel for how they move with market
[13:22] {Threei} I don't have anything to call them of
[13:22] {Threei} and there is no need really,
[13:22] {Threei} market goes, they go
[13:23] {peterg} market followers
[13:23] {Threei} sheep
[13:36] {dino} cedc stopped -.40
[13:37] {laserdave1} hey guys
06[13:38] * magoo slaps laserdave1 around a bit with a large trout
[13:38] {laserdave1} aapl acting a bit funny here
[13:38] {magoo} up or down?
[13:38] {laserdave1} it was strong relative to market but now buyer looks like he dissapeared
[13:38] {laserdave1} so now no call
[13:39] {laserdave1} market might roll over as well
[13:39] {laserdave1} going to keep an eye on it
[13:42] {laserdave1} have been piecing out of my long
[13:42] {laserdave1} starting to look so random again
[13:42] {laserdave1} will probably just follow the market
[13:42] {magoo} rimm seems stronger
[13:42] {laserdave1} sorry for the false alarm
06[13:42] * Threei slaps laserdave1 around a bit with a large trout
[13:44] {laserdave1} wow mags
[13:44] {laserdave1} thats stock is a bit crazy as well
[13:44] {laserdave1} i have no comment on where its going
[13:44] {laserdave1} chart looks strong
[13:45] {laserdave1} i am just ready for amove into the close in the markets
[13:45] {magoo} scalpin here....long rimm .14 just now
[13:45] {magoo} waiting .47
[13:50] {laserdave1} rimm is strong relative to market
[13:50] {laserdave1} stil have no call
[13:50] {laserdave1} but market goign down
[13:50] {laserdave1} and its going up
[13:50] {magoo} OUT
[13:51] {magoo} .47
[13:51] {laserdave1} i jsut got in
[13:51] {Chaeron} nice one magoo
[13:51] {laserdave1} woop 200 shres
[13:51] {laserdave1} long at .40
[13:51] {magoo} bought m,ine ??lol
[13:51] {laserdave1} ha
[13:51] {laserdave1} maybe
[13:51] {laserdave1} im out now
[13:51] {laserdave1} .69
[13:51] {laserdave1} woop
[13:51] {laserdave1} ty mags
[13:51] {laserdave1} quick 60$
[13:52] {peterg} took phone call missed all the fun
[13:52] {laserdave1} nice to take it real fast with this beast
[13:52] {laserdave1} stock can get so carazy
[13:53] {magoo} l aapl here .41
[13:54] {magoo} waiting .74
[13:54] {magoo} out here
[13:55] {magoo} +.33
[13:56] {Chaeron} nice job guys
[13:58] {laserdave1} ya nice one mags
[13:58] {laserdave1} i didnt get your aapl
[13:59] {laserdave1} will keep an eye on Rimm
[13:59] {laserdave1} see if it can break 110 today
[13:59] {magoo} fyi...i am only doing 300 400 shares on these....stop i 200 bux down{wide to avoid rinse} and scalping quick
[14:00] {Threei} MINUTES OF THE JUNE 25 FOMC MEETING: FAVORED RATE RISE VERY SOON
[14:00] {Threei} fomc on wires, be careful
[14:00] {Threei} market is very sensitive to news
[14:01] {dino} risky, sm s cpla .94
[14:01] {Threei} GROWTH RISKS DIMISHING, INFLATION RISKS RISING
[14:02] {Threei} FED'S HOENIG: IMPORTANT TO REMOVE MONETARY POLICY ACCOMIDATION IN GOOD TIME, FED TAKES ITS DUAL MANDATE
[14:02] {Threei} SERIOUSLY
[14:02] {Threei} - Notes current policy raises risk of higher inflation, more concerned with inflation than previously
[14:02] {Threei} - Growth risks still 'tilted' to downside, Monutues signal no change in rates in the near term
[14:02] {Threei} - Fed's Fisher was concerned about business plans abilities to pass through input prices and the effects on inflatio
[14:07] {laserdave1} rimm
[14:07] {laserdave1} crazy
[14:07] {magoo} careful though cause usually follows mkt
[14:07] {magoo} stronger today
[14:07] {magoo} if mkt tanks aapl, rimm, bidu all will follow
[14:08] {magoo} qqqq chart looks scary here
[14:08] {laserdave1} qqqq is scary
[14:08] {laserdave1} if market turns up rimm will explode
[14:09] {laserdave1} but qqqq does look ugly
[14:12] {laserdave1} im all out now
[14:12] {laserdave1} dang
[14:12] {laserdave1} wanted a big one
[14:12] {laserdave1} when it stalled ddint want to take chance
[14:12] {laserdave1} now its ripping
[14:12] {laserdave1} still good trade
[14:12] {magoo} long aapl
[14:12] {laserdave1} but...........
[14:12] {magoo} it should catch up
[14:12] {magoo} .75
[14:13] {Threei} LEH, worth a try long on pullback
[14:13] {Threei} .15 closest support
[14:14] {Threei} - Concerned about leaving rates low for too long. Current policy is raising the risk of higher inflation.
[14:14] {Threei} - Rate policy must "walk a fine line" between encouraging growth and discouraging inflation. If rates stay above 2% for too long, inflation will build.
[14:14] {Threei} - High commodity prices contribute to inflation in a situation where policy is accommodative.
[14:14] {Threei} - The sizable decline in the dollar is helping the US avoid recession, may avoid recession completely. USD decline has stimulated a boom in exports.
[14:14] {Threei} - The US is not repeating the mistakes of the 1970s, but notes today's situation is different, especially since inflation expecations are anchored.
[14:14] {Threei} - Expects both headline and core inflation to rise over the coming months. Fed must monitor inflation and inflation expectations closely.
[14:14] {Threei} - Sees GDP growth of 1-1.5% in 2H, expects Q3 growth will be helped by the fiscal stimulus, sees noticable softening in Q4.
[14:14] {Threei} - Asserts that the Fed takes its mandate very seriously, will maintain a stale economy and low inflation.
[14:15] {magoo} aapl 171 plus easy
[14:16] {magoo} out here .17
[14:16] {laserdave1} very nice
[14:16] {magoo} plus .42
[14:16] {laserdave1} was gonna pound oos for a quickie
[14:16] {laserdave1} missed it
[14:16] {laserdave1} nice trade
[14:17] {magoo} huh?
[14:17] {laserdave1} was talking your aapl
[14:17] {laserdave1} u called it
[14:17] {magoo} when?
[14:17] {laserdave1} was going to pound in at 00s
[14:17] {laserdave1} well u said 171 easy
[14:17] {magoo} he he
[14:17] {laserdave1} so i put it on radar
[14:17] {laserdave1} would of been out already
[14:17] {laserdave1} for tha leg up
[14:17] {laserdave1} they took offer really fast
[14:17] {magoo} 14:12] {magoo} long aapl
[14:17] {magoo} [14:12] {laserdave1} but...........
[14:17] {magoo} [14:12] {magoo} it should catch up
[14:17] {magoo} [14:12] {magoo} .75
[14:17] {magoo} [14:13] {Threei} LEH, w
[14:18] {laserdave1} ya Vad i had bid in on LEH but it did not pull back enough
[14:18] {laserdave1} your right now its moving
[14:18] {laserdave1} man lots of $$ oout here
[14:18] {Threei} .23 was the best chance
[14:18] {laserdave1} ya i was at .16
[14:19] {laserdave1} then moved up to .21 when i saw mass bid at .20
[14:19] {Threei} too optimistic
[14:19] {laserdave1} but no love
[14:19] {laserdave1} market so crazy
[14:20] {magoo} thats the pronblem
[14:20] {laserdave1} a bit ago rmemaber it looked like it was going to roll over
[14:20] {laserdave1} and then they ram it to new highs
[14:20] {laserdave1} thats why i like the real quick scalps
[14:20] {magoo} usually i'd let aapl run cause felt it had more..but mkts been brutal..want my 100 bux
[14:20] {laserdave1} i hear ya there
[14:21] {magoo} see..if IF mkt continues into bell aapl probably 173
[14:21] {magoo} NOT A TRADE..but feeling
[14:22] {laserdave1} Vad your LEH hit .55
[14:22] {laserdave1} wow
[14:23] {magoo} nice having u here with trade ideas dave:)
[14:23] {laserdave1} :)
[14:23] {Chaeron} I agree magoo
[14:25] {magoo} miss the big guy he he
[14:26] {magoo} 172 comith
[14:26] {magoo} in .75
[14:26] {magoo} risky
[14:28] {magoo} no go..mkt killed it
[14:30] {Threei} hate to look at JASO and SOLF
[14:30] {Threei} both rinsed us then proceeded tio highs
[14:30] {laserdave1} watching rimm for break of 111
[14:31] {laserdave1} will only get in on the break
[14:31] {laserdave1} not now
[14:31] {laserdave1} if u like jaso on a pullback at some point Vad please let us know
[14:34] {laserdave1} trying to sell .19
[14:34] {laserdave1} oout
[14:34] {magoo} i went but missed 111
[14:34] {laserdave1} that was rimm on that break
[14:34] {laserdave1} couldnt type happened so fast
[14:35] {laserdave1} ya it went fast mags
[14:37] {magoo} good fill u had......what platform u use ?
[14:37] {magoo} he he
[14:37] {Threei} lol
[14:37] {Threei} look at LEH go
[14:37] {Threei} and dave saved 2 cents
[14:39] {laserdave1} haha nice one mags :)
[14:39] {dino} cpla stopped bad short
[14:40] {magoo} aapl 172 comith risku
[14:43] {magoo} out here .17, + 42
[14:43] {magoo} dam..wish i wasn't scalpin
[14:43] {magoo} anyone following my calls?
[14:44] {magoo} very fast like vads says
[14:44] {Threei} I don't say anything fast... I like to pretend I think as I speak
[14:44] {Threei} so I talk slowly
[14:45] {Threei} (gives me a chance to take a nap between words, too)
[14:45] {cosmo} ah ... like Hitchcock...
[14:46] {cosmo} alfred
[14:46] {Threei} {--- pretending to think
[14:46] {Threei} yes
[14:46] {magoo} hes more like BORAT
[14:46] {cosmo} of course
[14:46] {Threei} like him
[14:46] {Threei} and no
[14:46] {Threei} not like that one
06[14:46] * magoo slaps patience around a bit with a large trout
[14:47] {cosmo} sometimes this keyboard is my saving grace
[14:47] {cosmo} i have time to think
[14:47] {Threei} how?
[14:47] {Threei} ah
[14:47] {magoo} scary QQQQ here again
[14:47] {cosmo} makes for better office politics
[14:48] {magoo} to sell off into last hour seems to easy
[14:48] {magoo} thats what has been happenning
[14:48] {magoo} feels diferent today
[14:48] {Threei} true
[14:49] {Threei} I still reserve judgement for another 15 min or so
[14:49] {Threei} but so far, I agree with you
[14:49] {cosmo} i say 40
[14:49] {magoo} then let me know BORAT
[14:49] {Threei} I'll have to edit this crap out, you know
[14:50] {Threei} soooo... stop adding after-hours work for me please
[14:50] {cosmo} oh wait... thats for capitulations....yeah , anytime now is fine
[14:51] {Threei} COX STATING ON CNBC THAT NAKED SHORT-SELLING NOT ALWAYS ILLEGAL. APPLYING NEW RULE FOR SPECIFIC FINANCIAL STOCKS IN 5 DAYS.
[14:51] {Threei} - says short sale rule will give investors confidence and that the emergency rule will not be a burden on the system
[14:51] {Threei} - notes it will apply to only 17 financial stocks beginning 5 days from now; reiterates the new rule will be in effect for 30 days and SEC will look into whether its appropriate to expand the rule marketwide
[14:52] {cosmo} there's certain beaches where they have it
[14:52] {Threei} FRE is fighting for new highs
[14:53] {Threei} 6.40 closest support
[14:53] {laserdave1} lol cosmo
[14:53] {Threei} watching for entry for bounce scalp
[14:54] {Threei} dave just assured me he has no plans to implement anylimitations on naked shorting, mnostly because it's largely uneforcable
[14:54] {laserdave1} in .41 Vadd
[14:54] {laserdave1} selling .47
[14:54] {Threei} he has no means to control what we wear
[14:54] {laserdave1} didnt get it
[14:54] {laserdave1} out
[14:55] {laserdave1} ty
[14:55] {Threei} tajust take it here with stop under .40
[14:55] {Threei} oh, good
[14:55] {laserdave1} quick 60
[14:55] {laserdave1} ty
[14:55] {Raven} 3 {}
[14:55] {Threei} I thought you haven't gotten in
[14:55] {laserdave1} coulda held for more
[14:55] {laserdave1} no i got it
[14:55] {laserdave1} coulda had more
[14:55] {laserdave1} should of asked u about exit
[14:55] {laserdave1} still happy
[14:56] {dino} wow ma
[14:56] {laserdave1} today good day
[14:56] {dino} should've held that v from a.m.
[14:56] {Threei} I missed .41 while talking to you, took it higher... but got better exit
[14:56] {laserdave1} and i mean when your getting good ol loving from Vad......who could ask for more?
[14:56] {laserdave1} nice
[14:56] {cosmo} btw, naked shorting should be ok until our monitors 'must' look back
[14:57] {magoo} i ask for mmore all the time, right vad??
[14:57] {magoo} feeling more like 173 today, not in....yet
[14:57] {Threei} yes but it doesn't bother me much ever since I learned to ignore you {GG}
[14:58] {Threei} .40 worked like charm for FRE
[14:58] {Threei} hit it precisely andf bounced right on cue
[14:58] {laserdave1} ya that was perfect entry
[15:00] {Raven} 3 keep calm cosmo :)
[15:01] {cosmo} i just lay low
[15:01] {Raven} 3 wise man
[15:01] {cosmo} especially during full moons
[15:01] {Raven} 3 ohmygod
[15:01] {cosmo} goddes
[15:01] {Raven} 3 yur killin' me
[15:06] {magoo} and im slappin u lol
06[15:06] * magoo slaps Raven around a bit with a large trout
[15:08] {dino} out rick .83 +.50 all day
[15:08] {Raven} 3 lol
[15:12] {Threei} wtg dino
[15:12] {Threei} 6.60 nearest FRE support now
[15:14] {Threei} in .58, just a small scalp
[15:15] {Threei} out
[15:15] {Threei} easy money
[15:20] {Threei} underestgimated its strength
06[15:26] * Threei slaps laserdave1 around a bit with a large trout
[15:26] {Threei} fix those charts will ya
[15:26] {magoo} all my chart servers down
[15:26] {magoo} anyone good?
[15:27] {GeoArb} i am always good
[15:27] {laserdave1} mine are fine
[15:27] {GeoArb} (boy)
[15:27] {laserdave1} try changeing them again
[15:28] {magoo} all bad
[15:28] {Threei} they restarted but no backfill
[15:29] {magoo} which one u using?
[15:29] {Threei} anyway... 7 break is very risky long FRE
[15:29] {magoo} in
[15:30] {laserdave1} mine went messed up
[15:30] {laserdave1} server 5 is good for me
[15:30] {Threei} nope
[15:30] {Threei} 5th shows 14:01 as last price
[15:30] {magoo} out .14 TY
[15:30] {Threei} take propfit mags
[15:30] {Threei} :)
[15:31] {magoo} .14 on halfer
[15:31] {magoo} nice easy button worthy
[15:31] {magoo} ok dave server
[15:33] {laserdave1} 5 had a stale chart
[15:33] {laserdave1} now on 3 and its perfect
[15:33] {Threei} 3's good
[15:33] {magoo} oh yes..3 good TY
[15:33] {laserdave1} np
[15:34] {dino} chk sm l .22
[15:40] {laserdave1} fre wants to go higher
[15:40] {laserdave1} wow
[15:41] {laserdave1} big size at the .25
[15:41] {laserdave1} if it takes it i will go long
[15:41] {laserdave1} taking last bits if i can time it
[15:41] {laserdave1} ubs showing 1866 there
[15:42] {dino} out chk .67, +.45
[15:42] {laserdave1} in
[15:42] {laserdave1} stop at .20
[15:42] {laserdave1} violence in this thing
[15:43] {laserdave1} selling .24 if i can
[15:43] {laserdave1} stopped
[15:43] {laserdave1} dang
[15:43] {laserdave1} the games
[15:43] {dino} the game, nothing quite the same
[15:43] {dino} all that matters is the game
[15:44] {cosmo} and the back office...
[15:45] {dino} magoooooooo, a beverage is needed, tee time in 45
[15:47] {dino} twislers are underrated
[15:47] {laserdave1} with the way FRE is trading
[15:47] {laserdave1} ya its needed
[15:47] {laserdave1} its called tequilla
[15:48] {dino} cabo or petrone
[15:48] {dino} cabo in my freezer
[15:51] {magoo} c'mon aapl...173 and vad gives magoo free month
[15:56] {dino} ok calling it a day, thx all, good one
[15:56] {Threei} thank you all
[15:56] {Threei} have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {dptl} have a good evening all
[15:56] {hawkfan4} thanks all, good day
[15:57] {magoo} TY vad..good day here
[16:00] {laserdave1} c ya tomorrow guys
[16:00] {laserdave1} good day
[16:00] {laserdave1} :)
[16:00] {magoo} u gonna be in room more often dave??
[16:00] {magoo} help with ideas..get some from us

Jul 15 2008

Session Time: Tue Jul 15 00:00:00 2008

[08:00] {Threei} ESLR
[08:00] {Threei} HALTED: SIGNS $1.2B SALES CONTRACT, THROUGH 2013, BACKLOG AT $3B WITH FIVE CUSTOMERS
[08:00] {Threei} - Signed a new long-term sales contract valued at approximately $1.2 billion with German-based IBC SOLAR AG. This contract extends through 2013 and brings the company's total contractual backlog to nearly $3 billion with 5 customers.
[08:00] {Threei} - The solar panels for these take-or-pay contracts will be manufactured at the Company's new 160 MW facility in Devens, Massachusetts, which opened in June, and at the Company's next factory, which is expected to open in 2010. To date, the Company has contracted approximately 70 percent of Devens expected capacity through 2010 and all of Devens capacity in 2011 through 2013.
[08:13] {Threei} Heard on the Street looks at the US government's plan for Fannie Mae and Freddie Mac - WSJ
[08:13] {Threei} - The article notes that Paulson made clear that the stock market losses of Fannie and Freddie would not prevent them from issuing debt.
[08:13] {Threei} - The WSJ notes that on Monday, the cost of insuring the debt of the two GSEs fell.
[08:13] {Threei} - The article note that dilution fears and concerns about government intervention could weigh on any future share sales by Fannie and Freddie.
[08:13] {Threei} - The article notes that it is most likely the government will seek to take a direct stake in the GSEs through a preferred issue with special rights because this will maintain the perception that the two companies are still owned by its shareholders.
[08:13] {Threei} - If the government acquires shares in the GSEs, it could seek to be paid a lower than market interest rate or defer payments until the companies are in better financial condition.
[08:13] {Threei} - WSJ notes that the Treasury still needs to address the capital issue of Fannie Mae and Freddie Mac because if it does not funding could again become an issue and possibly force Paulson to come up with an actual nationalization plan.
[08:30] {Threei} UN ADVANCE RETAIL SALES: 0.1% V 0.4%E;
[08:30] {Threei} LESS AUTOS: 0.8% V 1.0%E
[08:30] {Threei} - Prior Advance Retail Sales revised from 1.0% to 0.8%
[08:31] {Threei} UN PRODUCER PRICE INDEX M/M: 1.8% V 1.4%E; PPI EX FOOD_ENERGY M/M: 0.3% V 0.3%E
[08:31] {Threei} - PPI YoY: 9.2% v 8.7%e
[08:31] {Threei} - PPI Ex Food_Energy YoY: 3.0% v 3.2%e
[08:31] {Threei} JUL EMPIRE MANUFACTURING: -4.9 V -8.0E
[08:31] {Threei} - Prior revised from -8.7 to
[08:31] {Threei} - No Revisions
[08:31] {Threei} - Prices Paid : 77.89 v 66.3 prior m/m
[08:33] {hawkfan4} morning
[08:34] {Threei} hawk :)
[08:34] {Threei} FRE/FNM look like death spiral continues
[08:34] {Threei} ESLR gap... doesn't trade very enthusiastically
[08:34] {Threei} which is to be expcted in this climate
[08:40] {Threei} PRESIDENT BUSH TO HOLD NEWS CONF AT 10:20AMET
[08:56] {cosmo} any bets he pumps solar?
[08:57] {Threei} no bets at all these days
[08:57] {Threei} tings change on minute by minute basis
[08:57] {peterg} gm team.
[08:58] {Threei} peter :)
[08:58] {cosmo} any bets he pumps off-shore?
[09:00] {Raven} 3 nice cosmo :)
[09:02] {cosmo} i try...
[09:02] {Raven} 3 excellent
[09:02] {cosmo} meds help
[09:03] {Raven} 3 never use them ...
[09:03] {cosmo} ah...there's room for improvement...
[09:04] {Raven} 3 prolly happen any day ...
[09:04] {cosmo} yea....percentages say so
[09:05] {Raven} 3 I know ... sigh
[09:05] {Threei} FRE is forming C&H with 6.05 resistance to break
[09:06] {GeoArb} gm
[09:06] {Threei} Geo :)
[09:07] {dptl} good morning all
[09:07] {Threei} dp :)
[09:07] {cosmo} ESLR
[09:07] {cosmo} active
[09:08] {dino} gm all, end of days again i see
[09:08] {cosmo} its only tuesday
[09:08] {Threei} dino :)
[09:10] {magoo} k,dsfjlks,isrhjoejhlajalih
[09:10] {Threei} magoo :)
[09:11] {judijim} good morning everyone
[09:11] {Threei} jj :)
[09:12] {Threei} if you went for that C&H FRE, you have scalp here
[09:12] {peterg} How play ESLR?
[09:12] {tomg} got it, ty vad
[09:12] {Threei} wwelcome tom
[09:12] {globus} long from 5.70
[09:13] {Threei} no read on ESLR
[09:13] {Threei} this thing never holds gains
[09:13] {peterg} k
[09:14] {peterg} what chart shows FRE C&H?
[09:14] {Threei} 1 min
[09:15] {Threei} cup from 8:16 to 9:02
[09:15] {peterg} yesterday?
[09:15] {Threei} handle broke at 9:08
[09:15] {Threei} ?
[09:15] {Threei} right now
[09:15] {Threei} today
[09:16] {peterg} aha--have no today chart
[09:16] {Threei} hmm?
[09:16] {Threei} why not?
[09:16] {peterg} Intraday 1 mn blank til mket opens
[09:17] {peterg} got time & sales
[09:18] {fernp} Good morning
[09:18] {peterg} are you reading chart of premarket opening?
[09:19] {Threei} fern :)
[09:19] {Threei} of course peter
[09:20] {Threei} on active stocks only
[09:20] {Threei} that C&H was from premarket chart
[09:20] {Threei} even if not for trading, it gives you an idea of support and reistance levels forming
[09:21] {peterg} ok, got it, have to figure out how to produce chart tks
[09:24] {dino} just nod and blink twice
[09:25] {Threei} oops... I did, and my TV went blank... what do I do now dino?
[09:26] {dino} lol
[09:28] {Threei} tension is higher and higher
[09:28] {Threei} let's stay in careful side
[09:29] {Threei} the extend of the crisis we are facing becomes much more clear for many ostriches
[09:29] {magoo} whats that mean?
[09:30] {Threei} a lot of traders, both amateur and pros got caught into longs on s
[09:30] {Threei} which part mags?
[09:30] {magoo} many ostriches
[09:30] {Threei} oh
[09:30] {cosmo} ostriges are wimps?
[09:30] {Threei} what does ostrich do when faces danger? :)
[09:31] {cosmo} i'd start kickin
[09:32] {cosmo} ESLR needs to hold 10 imo
[09:32] {Threei} FRE nosedive
[09:33] {Threei} ESLR
[09:33] {Threei} short idea
[09:33] {Threei} want a bounce
[09:33] {Threei} closest resistance is 10.20
[09:34] {Threei} anything above 10 should be a short
[09:34] {Threei} if can't break 10, then short 9.92 with 10.05 stop
[09:39] {Threei} doesn't look like FRE is going to hold 5
[09:40] {Threei} 5.19 shot half lot
[09:41] {Threei} stop above 5.40
[09:42] {cosmo} BEXP: Brigham Exploration announces Bakken discoveries, accelerated Williston Basin drilling program, planned Three Forks tests and updates '08 capital expenditure budgetBriefing.com(Tue 6:07am)
[09:42] {Threei} stop to 5.35
[09:42] {cosmo} BEXP now pulling back....
[09:42] {dino} hmmm, i guess the nyx is going out of business the way its down, sheesh
[09:46] {Threei} the way market acts you would think whole USA is going out of business
[09:48] {dino} europe is next
[09:48] {Threei} IMO... if whole world goes out of business, Europe will be there before USA
[09:50] {dino} lod dji
[09:51] {dino} 7/06 dji lows around 10668
[09:52] {Threei} ESLR 1:1
[09:52] {Threei} IMO, it has more downside
[09:52] {dino} imo thats where we are headed
[09:55] {Threei} MOODY'S CUTS PREFERRED STOCK AND FIANNCIAL STRENGTH RATING, DEBT RATINGS AFFIRMED
[09:56] {Threei} it's a good news, right? no money but a lot of valid liabilities
[09:57] {Threei} in today's upside-own world it must be a good news
[09:58] {dino} watching de fwlt fwiw
[10:03] {Threei} covering half ESLR
[10:05] {dino} add cme to that
[10:05] {Threei} FRE still looks like short to me
[10:05] {Threei} not sure of entry
[10:08] {dino} expiration week right? look for 5s and 0s imo
[10:09] {Threei} probably gotta try shorting into bounces to resistance, and be ready for multiple tries with small stops
[10:09] {Threei} 2.25 closest so far
[10:09] {Threei} 5.25
[10:10] {Threei} broken, no entry for now
[10:10] {Threei} 5.40 next
[10:10] {Threei} staying away at the moment, no clear read
[10:14] {Threei} hmmm... volume dropped on this FRE pullback
[10:14] {Threei} maybe bounce is better way here
[10:14] {Threei} 5.15 trigger for scalp
[10:15] {Threei} if stays above 5.10
[10:16] {hawkfan4} Bernake speaking now
[10:17] {Threei} lost support
[10:17] {Threei} Ben speak is a danger
[10:18] {cosmo} i wanna hear from Chauncey Gardener
[10:18] {dino} i was thinking jerry lewis
[10:19] {cosmo} that's close
[10:19] {dino} pcln blood
[10:20] {Threei} not sure to trail ESLR second half to .95 or keep it above 10 for now
[10:20] {Threei} new low FRE
[10:21] {Chaeron} good morning all
[10:21] {Threei} chaeron :)
[10:21] {cosmo} all?
[10:21] {Chaeron} as in everybody... even you too cosmo :)
[10:22] {cosmo} hmm .... :)
[10:22] {Threei} SBUX
[10:22] {Threei} .54 short
[10:22] {Threei} .66 stop
[10:24] {Threei} anyone managed to find short entry FRE?
[10:24] {magoo} nah
[10:24] {Threei} admittedly not easy
[10:25] {magoo} mkt was turning up
[10:25] {Threei} yeah, it almost looked like market shrugged off financials and decoupled from them
[10:25] {Threei} leting them drop and doing its own thing
[10:26] {Threei} see this spike?
[10:26] {magoo} yea
[10:26] {Threei} no news... just out of the blue
[10:26] {Threei} shows how tough it is today to find entry on them
[10:26] {Threei} let's leave them alone?
[10:26] {hawkfan4} yep
[10:27] {Threei} no crying when FRE goes under 4? "why didn't we short the hell out of it"?
[10:27] {Threei} die SBUX
[10:27] {cosmo} FNM then?
[10:28] {Threei} OK, trailing ESLR to .93
[10:28] {Threei} Bush on FRE/FNM
[10:31] {Threei} PRESIDENT BUSH: REITERATES CALL FOR CONGRESS TO REMOVE BAN ON OFFSHORE DRILLING, MUST ENSURE GSES CAN CONTINUE PROVIDING MORTGAGE CREDIT
[10:31] {Threei} - The GSEs should remain shareholder-owned companies. GSE rescue plan should be part of the housing bill.
[10:31] {Threei} - US economy shows remarkable resilience.
[10:32] {dino} down we go
[10:32] {Threei} SBUX 1:1, more downside is there IMO
[10:32] {dptl} out sbux .43 ty
[10:33] {Threei} covering half
[10:35] {dino} gj
[10:35] {Threei} ty
[10:39] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY - Q&A
[10:39] {Threei} looking at housing market... what does it say about economy?
[10:40] {Chaeron} out SBUX in .53, out .35 +0.18 Thanks Vad
[10:41] {dino} fwlt l .99 sm
[10:42] {Threei} welcome chaeron
[10:42] {hawkfan4} thx sbux here too vad, nice one
[10:43] {dptl} msft?
[10:43] {Threei} have you traded this one before?
[10:43] {dptl} long time ago
[10:43] {Threei} very specific stock in the way it trades
[10:44] {Threei} if you don't have experience with it, stay away
[10:44] {Threei} if you feel you want to trade it, observe it for a while
[10:44] {Threei} to get a feel for its ways
[10:44] {dptl} ye....it just was good set up isnt it?
[10:44] {Threei} chart wise, sure
[10:45] {Threei} it just has such a disgusting manner of chewing you up and spiutting you out just when you think you nailed great setup
[10:47] {Threei} stop to .51 SBUX
[10:48] {Threei} FED'S BERNANKE: HOUSING MARKET IS THE CENTRAL ISSUE FOR THE US ECONOMY, US BANKING SYSTEM IS WELL CAPITALIZED - Q&A
[10:48] {Threei} - Must be careful when changing margin requirements.
[10:48] {Threei} - US banks are deleveraging, banks are challenged by current credit conditions.
[10:48] {Threei} - Less concerned about solvency than banks' ability to extend credit.
[10:48] {Threei} - IndyMac failure was inevitable, given its bad asset quality.
[10:48] {Threei} - Emphasizes the need for a bank-like regulator for the GSEs.
[10:48] {patience} tsx down 405 points
[10:49] {Threei} because of oil drop?
[10:49] {Threei} or some other elements of it cause big downside?
[10:49] {patience} chartered banks are tanking
[10:49] {Threei} DJI is down just 167 points
[10:49] {patience} i know
[10:49] {Threei} oh
[10:52] {magoo} p[owering up
[10:52] {Threei} I am getting strange feeling
[10:52] {magoo} lets hear it
[10:52] {Chaeron} cat ran up your pant leg again... that's all
[10:52] {Threei} nah, never mind, it's last week vodka talking
[10:53] {Threei} OK, on serious note
[10:53] {Threei} starts feeling like we are to see some stunning bounce today
[10:53] {Chaeron} we close strong green?
[10:53] {magoo} i have found that your feelings are usually quite good
[10:54] {Chaeron} yeah... MOAB was the bestest
[10:55] {Threei} a little more churning, then decisive break and big upward move... that's the vision I am having
[10:55] {Threei} if that is the scenario... LEH is .81 long
[10:56] {hawkfan4} have the same feeling. LEH super strong
[10:56] {magoo} if so..aapl would be a candidate
[10:56] {magoo} 300 shares
[10:56] {Threei} RIMM .50 break long
[10:57] {Threei} AAPL, no technical level to rely upon
[10:57] {Threei} but if this scenario plays out it will go
[11:00] {Threei} here goes RIMM
[11:00] {Chaeron} dang missed RIMM
[11:00] {Threei} with any market support 104 easy
[11:01] {Chaeron} in LEH .80
[11:01] {magoo} in rimm
[11:02] {magoo} in aapl now .72
[11:03] {Threei} LEH over 14 should be easy
[11:04] {Threei} look at market gop
[11:04] {Threei} go
[11:04] {Threei} 104
06[11:04] * Threei pats himself on the back
[11:04] {dino} gop more like it
[11:04] {Threei} 14 LEH
[11:05] {magoo} out rimm .14 TY vad
[11:05] {Threei} welcome sir
[11:05] {magoo} how about my AAPL?
[11:05] {magoo} 1 point
[11:05] {Threei} sure
[11:05] {Threei} AAPL was simply a matter of timing the entry with market
[11:05] {Threei} since it didn't havce its own technical level to base trigger on
[11:06] {magoo} out here .76 1 point aapl in 2 minues
[11:06] {Chaeron} out LEH 14.01 +0.21 Great job Vad... again?
[11:06] {Threei} [10:57] {Threei} but if this scenario plays out it will go
[11:06] {Threei} market is going to continue upward
[11:06] {Threei} with pullbacks of course, buit for now up is the play
[11:07] {Threei} how about this for "stunning bounce"?
[11:07] {Chaeron} beautiful
[11:07] {hawkfan4} vad, super timely prediction, awesome
[11:07] {Chaeron} any entries on pullbacks?
[11:07] {Threei} ty hawk... I have my monets
[11:07] {magoo} [10:56] {magoo} if so..aapl would be a candidate
[11:07] {magoo} 10:53] {magoo} i have found that your feelings are usually quite good
[11:07] {Chaeron} and I wonder why anyone goes to any other trading rooms :)
[11:07] {Threei} chaeron... yes but there won't be technicals for them
[11:08] {dino} wow just made up over 200 dji points
[11:08] {Threei} sh*t, I am good
[11:08] {Threei} lol
[11:09] {patience} yup
[11:09] {magoo} and humble he he
[11:09] {Threei} always
[11:09] {dptl} just how the heck did you do that? lol
[11:09] {Threei} and chaeron thought that strange feeling was after-effect of case of vodka
[11:10] {hawkfan4} out RIMM + 1.60, thx
[11:10] {Chaeron} noooo... I said it was the cat up your pants leg....
[11:10] {Threei} (actually it was)
[11:10] {Threei} wtg hawk
[11:10] {Chaeron} great one Hawk
[11:10] {hawkfan4} thx :)
[11:11] {dino} gj
[11:14] {dino} sm l cedc .25
[11:15] {magoo} hawk,,u dog:) er, um, bird
[11:17] {hawkfan4} lol, thx
[11:28] {GeoArb} great example of vad's dbi setup
[11:28] {GeoArb} TAP
[11:28] {Threei} dbi?
[11:28] {Threei} I'd say it's JBE
[11:28] {GeoArb} sorrry
[11:28] {GeoArb} not thinking
[11:29] {Threei} sorry won't cut it Geo... you will have to bring us your finest cheeses
[11:29] {GeoArb} :)
[11:31] {Threei} just how sound this management with trailing stops after 1:1 is
[11:31] {Threei} allowed us to close second half of our shorts with no loss
[11:32] {Threei} and profit from reversal on other stocks at the same time
[11:42] {Chaeron} .
[11:42] {magoo} ..
[11:52] {Threei} looking at WM trying to define is it short time yet
[11:53] {magoo} against the mkt?
[11:53] {Threei} it's close to solid resistance level... if can't break it, then any market hiccup should kill it
[11:54] {Threei} and risk is negligible
[11:56] {Threei} lety' see if this spike takes it over 4
[11:56] {Threei} if not, then any market retreat is a short signal for WM with very tight stop
[11:56] {GeoArb} ok tap has made my best day ever
[11:56] {GeoArb} cheese vad
[11:56] {Threei} wtg :)
[11:56] {GeoArb} still holdng
[11:56] {GeoArb} above 2 bucks on 2k shares
[11:56] {Threei} woohoo
[11:57] {Threei} studying pays off eh?
[11:57] {GeoArb} hehehehe'\
[11:57] {GeoArb} i have decided to chat less and read more
[11:57] {Threei} WM broke 4
[11:57] {Threei} no play
[11:57] {GeoArb} was too busy cracking jokes.... not good for newbie like me
[11:57] {patience} very nice Geo. I just screwed up TD trade. Sold it when i was down .21 and it promptly reversed and spiked up 80 cents
[11:58] {GeoArb} yeah...
[11:58] {Threei} what a selloff in oil
[11:59] {patience} so vad, in a market like this, do you tighten up your stops or give a bit more leeway
[11:59] {Threei} for me it's stock specific
[12:00] {Threei} if I feel I have a good grip on direction
[12:00] {patience} i rarely trade bank stocks and don't know their usual pattern
[12:00] {Threei} but volatility is a bit abnormal
[12:00] {patience} serves me right
[12:00] {Threei} I will cut the size down and increase stop
[12:00] {Threei} if volatility for my specific stock is as usual, then both position size and stop are as usual
[12:01] {Threei} also, I find that during such nervous times agfgreesive entries qork better for me
[12:01] {Threei} work
[12:02] {Threei} breakouts give good follow-through not as frequently as in normal, market
[12:02] {Threei} buit aggressive entry while increases amount of stops,
[12:02] {Threei} keeps size of stops down and allows for bigger wins
[12:03] {GeoArb} patience....my advice is to always keep an eye on the volatility value in the intelliscanner for the stocks
[12:03] {GeoArb} its a nice read
[12:03] {patience} i was 2 cents off being right....what a bastard stock. i hate losing. i think i will go sulk.
[12:04] {GeoArb} man TAP
[12:04] {GeoArb} feels like they are delivering cases right to my doorstep
[12:05] {GeoArb} the volatility value in intelliscan gives a good estimate of the individual stock whips
[12:06] {patience} i don't have intelliscan, i don't even have streaming data....i just eyeball it most of the time.
[12:07] {GeoArb} wow... i am not that experienced... maybe in time :)
[12:07] {patience} i'm on a laptop, limited space constraints
[12:10] {Threei} geo goes all scientific on us
[12:11] {Threei} next thing we know he uses beta and reads company statements
[12:12] {GeoArb} hehehe... i just try to match the stop loss with that number
06[12:14] * magoo slaps laserdave1 around a bit with a large trout
06[12:14] * Threei slaps laserdave1 around a bit with a large trout
06[12:14] * Chaeron slaps laserdave1 around a bit with a large trout
[12:14] {Threei} that's what I call RealityTrader warm greeting
[12:17] {laserdave1} very nice
[12:17] {laserdave1} but i have been in here awhile guys
[12:17] {Threei} you can always count on us to deliver sincere welcome
[12:17] {GeoArb} i guess they wanted you to feel safe
[12:17] {laserdave1} i do actually feel alot better now
[12:19] {magoo} dcc dave
[12:34] {dino} dji green
[12:34] {Threei} HOUSE REPUBLICANS IN LETTER THE REP. FRANK ASSERT THEY WILL SEEK TO DELAY THE GSE RESCUE PLAN, CALL FOR HEARINGS ON THE GSE PLAN
[12:34] {Threei} - the Republican congressmen say the Fed actions may be sufficient and say that the rescue plan may be unecessary{FNM}
[12:35] {Threei} could it be any "grimmer" in the morning?
[12:36] {Threei} can it be any shinier now?
[12:37] {Threei} FRE nice pullback
[12:37] {Threei} 6.01 long
[12:37] {Threei} 5.94 stop
[12:38] {hawkfan4} fwiw Paulson on tv talking a bout FRE FNM right now
[12:38] {Threei} that's scary
[12:42] {dino} out fwlt .40 +.41
[12:42] {hawkfan4} nice
[12:42] {Threei} wtg
[12:42] {Threei} SEC'S COX: CURRENTLY CONDUCTING OVER FOUR DOZEN PROBES RELATED TO THE SUBPRIME CRISIS
[12:42] {Threei} - The SEC is looking at insurers, credit ratings agencies and Wall Street firms to see if mortgage lenders broke accounting rules.
[12:42] {Threei} lol
[12:43] {Threei} could their timing be any better
[12:45] {dino} ty
[12:50] {Threei} tide is turning it seems
[12:50] {Threei} I'd look to short next bounce
[12:50] {Threei} LEH closer to 14
[12:50] {Threei} FRE closer to 6
[12:51] {Threei} LEH spiked to .92, too fast for entry... mised
[12:52] {Threei} is Paulson still talking?
[12:52] {hawkfan4} 12:50 SEC's Cox: New limits on short sales of Fannie, Freddie - DJ
[12:52] {hawkfan4} (FRE, FNM)
[12:52] {Chaeron} short?
[12:53] {Chaeron} ooook... FRE short 6.08
[12:53] {Threei} perfect entry
[12:53] {Threei} feel free to take half off
[12:54] {Chaeron} took it all off... too much media... out .93 +0.15
[12:54] {dino} going to screw the shorts on fre, fnm
[12:54] {Threei} they limit naked shorting
[12:54] {Threei} SEC'S COX SAYS WILL ISSUE AN ORDER LIMITING NAKED SHORT SELLING OF FANNIE AND FREDDIE - SENATE TESTIMONY
[12:54] {Threei} {FRE}
[12:54] {Chaeron} I have my pjs still on
[12:55] {Threei} IMO, it won'rt change much
[12:55] {Chaeron} yeah, but gave a small bounce to the stock... too much media crap
[12:55] {Threei} SQNM
[12:55] {Threei} CEO: MAY REACH PROFITABILITY AS EARLY AS 2010
[12:56] {Threei} covered half LEH
[12:56] {Threei} +.15
[12:58] {Threei} out second half flat
[12:58] {Chaeron} thanks btw Threei... another nice one...
[13:00] {magoo} vad, u good...u should run a daytrading room
[13:02] {dino} cpla sm l ave .15
[13:03] {Threei} you think mags?
[13:03] {GeoArb} take it slow though
[13:03] {magoo} i thought u were ignoring me {sigh..again:)}
[13:03] {Threei} lordy... all markets are green
[13:06] {Threei} LEH leading the charge
[13:07] {magoo} u got the ball vad
[13:09] {Threei} dive under .20 should be a bounce scalp
[13:11] {Threei} ugh... .25 was it
[13:11] {Threei} missed
[13:13] {Threei} got it this time, +.13
[13:13] {Threei} gotta be really quick on these up and down rapid moves
[13:14] {Threei} impossible to call real time
[13:14] {Threei} observe it, you'll see the pattern
[13:14] {Threei} it quickly teleports up and down
[13:15] {Threei} US TREASURY'S PAULSON: FNM AND FRE UNDERWRITING MEASURES ARE 'GOOD"
[13:15] {Threei} gooder than they were yesterday?
[13:16] {Threei} but worser than a month ago?
[13:22] {magoo} mkt may be rolling over here
[13:22] {Threei} should bounce one more time first though
[13:28] {magoo} wonder if we get 2 pm smackdown vad
[13:30] {Threei} no slightest idea
[13:30] {Threei} if oil resumes downward, we can get smakup just as well
[13:32] {dino} just say no to smack
[13:33] {Threei} we can't... they smakc everything that is remotely smackuble
[13:33] {Threei} smack is out of our control, we just get to live with the prospect of constant smack
[13:35] {Threei} watching USO and NQ, today it's an almost perfect correlation
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} great
[13:39] {Threei} what did I do this time?
[13:39] {magoo} all the chatter about "smacking" could not resist
[13:39] {Threei} oh
[13:40] {Threei} KLAC
[13:40] {Threei} CO. NOTES SIGNIFICANT SLOW DOWN IN BOOKINGS AT END OF JUNE, Q4 REV WITHIN GUIDED RANGE OF $560-580M V 574ME - CEO
[13:51] {dino} cpla stop to .65
[13:53] {dino} out .80, +.65 cpla
[13:53] {Threei} wtg
[13:53] {dino} ty
[13:54] {Threei} 1 million IPhones sold in 3 days
[13:55] {Threei} what recession? what slowdown?
[13:55] {Threei} people need iphone
[14:00] {dino} out cedc .50 +.25
[14:09] {Threei} USO, small shares long 112.10 if stays above 11.80
[14:09] {Threei} 111.80
[14:10] {Threei} fast and volatile
[14:17] {magoo} in 112
[14:19] {Threei} SQNM .12 long
[14:19] {Threei} if stays above 20.95
[14:19] {Threei} half lot
[14:21] {Threei} aim to sell USO somewhere above .60 magoo, IMO
[14:21] {dino} nov l .30 sm
[14:22] {magoo} out .40 TY boss
[14:22] {Threei} :)
[14:25] {peterg} out USO +.31 tks
[14:25] {Threei} peter :)
[14:25] {Threei} SQNM 1:1
[14:26] {Threei} SEC"S COX NOTES THAT THERE ARE NO PLANS TO RESTORE THE 'UPTICK RULE'
[14:28] {Threei} you guys realize that you just played oil long?
[14:28] {Threei} how unpartiotic
[14:28] {GeoArb} no we support texas
[14:28] {Threei} we do?
[14:28] {Threei} can we live on the ranch?
[14:29] {GeoArb} let there be an oil well in every backyard
[14:29] {Threei} I have a cowboy hat
[14:31] {magoo} i said to dino "if i lose on my one and only oil play in greatest oil run in history, gonna slap the sh@t out of vad" lol
[14:31] {Threei} rofl
[14:32] {dino} he did
[14:33] {Threei} never thought I'd say it... but magoo does have sense of humor
[14:33] {Threei} now, considering the source... it may not be a compliment
[14:33] {Threei} 'cause I sure don't
[14:34] {GeoArb} i thought it would be humerous if he loses and carries ou the threat
[14:34] {Threei} well... I do but it's kind of 11 years old's one
[14:34] {GeoArb} (ducking)
[14:34] {Threei} drop in puddle/cake in the face kind of humor
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
06[14:34] * magoo slaps GeoArb around a bit with a large trout
[14:35] {Threei} {magoo} humor this
[14:42] {Chaeron} Laserdave1 dcc?
[14:44] {magoo} is there a laserdave2???
[14:53] {Threei} server dump?
[14:55] {dptl} check check
[15:03] {dino} .
[15:03] {hawkfan4} testing 1 2
[15:04] {dptl} ok
[15:04] {dino} took gs and rimm
[15:04] {dptl} see you tomorrow ...good evening all:)
[15:04] {dino} cya dp
[15:05] {Threei} take care dp
[15:07] {magoo} was booted out there vad of room
[15:07] {brian3579} i was booted also
[15:08] {Threei} yeah
[15:08] {hawkfan4} nice call on SQNM vad
[15:08] {Threei} half of the room was
[15:08] {Threei} hawk :)
[15:08] {magoo} and other half was asleep
[15:08] {Threei} some internet route went off for a minute
[15:15] {Threei} and again
[15:21] {dino} .
[15:21] {magoo} yep..knocked out or off or whatever
[15:25] {magoo} mkt up or down into bell vad??
[15:25] {Threei} down
[15:26] {magoo} u like AAPL sh somewhere?
[15:26] {magoo} or RIMM?
[15:27] {Chaeron} or QID?
[15:27] {Threei} hmmm
[15:28] {Threei} 108 break RIMM... but would like to see some consolidation first
[15:28] {magoo} i win chaer..he likes mine lol
[15:28] {GeoArb} how about long SDS?
[15:29] {magoo} sh rimm 108.01
[15:30] {magoo} covered .50 TY vad
[15:31] {Chaeron} QID long from 45.93, out 46.11 + 0.18.... thanks Vad!
[15:32] {Threei} :)
[15:32] {magoo} hes ignoring us {again}
[15:32] {Threei} lol
[15:32] {magoo} OH...just ME
[15:32] {Chaeron} lol
[15:32] {Threei} SDS is what, remind me please
[15:32] {Chaeron} naaaaa... was too busy trading mags
[15:32] {Threei} one of ultrashorts?
[15:32] {GeoArb} yeah sp
[15:33] {Threei} then everything that applies to QID will apply to it
[15:33] {Chaeron} I got those two charts lined up next to each other
[15:37] {Threei} may I stop calling particular stocks and just answer "up" or "down" leaving picks and levels to you? :)
[15:37] {Threei} works flawlessly, lol
[15:37] {GeoArb} if you had a web cam
[15:37] {GeoArb} yo caould wither smile or frown
[15:38] {Chaeron} why not :) or :(
[15:38] {GeoArb} sure
[15:38] {Threei} will I have to wear a tie?
[15:38] {Chaeron} Vad's cheap... minimal expenses... don't blame him...
[15:38] {GeoArb} only if it has no marinara smears
[15:39] {GeoArb} long sds on pullback
[15:39] {GeoArb} realllly small
[15:42] {GeoArb} ahh
[15:42] {GeoArb} i feel like a long bull
[15:44] {dino} i feel tired
[15:44] {magoo} i feel like a brew
[15:45] {dino} these markets are wearing me out, -230, +70, -70 c'mon
[15:45] {Threei} I am feelingless
[15:45] {dino} better way to be
[15:45] {GeoArb} what does the souse think?
[15:45] {GeoArb} spuse
[15:46] {GeoArb} oh crap spoilt the wisecrack with typo
[15:46] {dino} do you mean spouse?
[15:46] {dino} lol
[15:46] {GeoArb} lol
[15:46] {magoo} ROFLOL geo
[15:46] {Threei} that was funny spin on a wisecrack
[15:46] {dino} what the hell, close dji at -150 just to mess w/everyone
[15:48] {judijim} anyone catching the news about SEC reducing short-selling?
[15:49] {Threei} yes, I posted
[15:50] {Threei} they want to control naked shorting? I say why haven't they done so in all years it was illegal?
[15:50] {GeoArb} it was my best day ever... thanks all +2.5k
[15:51] {Threei} what kind of rules are those if no one enforces them?
[15:51] {Threei} wtg Geo
[15:51] {Threei} love to hear this
[15:51] {GeoArb} i am in love with budwieser
[15:51] {magoo} that does IT!!!!!!!!!!!!!!
06[15:51] * magoo slaps GeoArb around a bit with a large trout
[15:51] {GeoArb} it doesnt hurt !!!!!!!!!!!!!!
[15:51] {Chaeron} man, great job Geo
[15:52] {GeoArb} i have a basterdized bersion of JBE DBI now.....
[15:52] {Threei} basterdized bersion is a spuse of real one?
[15:52] {GeoArb} lol
[15:52] {dino} great job geo
[15:53] {Threei} ah come on... that was funny
06[15:53] * Threei slaps Chaeron around a bit with a large trout
06[15:53] * Threei slaps magoo around a bit with a large trout
[15:53] {GeoArb} thannks... lotsa help from you guys
06[15:53] * Chaeron slaps GeoArb around a bit with a large trout
[15:53] {Chaeron} help THAT
[15:53] {Chaeron} heh :)
[15:53] {dino} lol
[15:53] {GeoArb} hehehe
[15:54] {magoo} what i do??
06[15:54] * Chaeron slaps magoo around a bit with a large trout
[15:54] {Threei} hah... as though we need an actual reason
[15:55] {magoo} sheesh..been behaving all day and this is what i get?
[15:55] {Chaeron} take a hint
[15:55] {magoo} btw, geo only beat me by 142 bux
[15:56] {Chaeron} scalp something
[15:56] {GeoArb} well magoo
[15:56] {GeoArb} for you these days are normal
[15:56] {GeoArb} lol
[15:56] {judijim} take care everyone, wtg Geo
[15:56] {magoo} sh rimm .20
[15:57] {GeoArb} really
[15:57] {GeoArb} ?
[15:57] {GeoArb} 3 mins
[15:57] {Threei} take care jj
[15:57] {Chaeron} +1000s I hope....
[15:57] {Chaeron} and that you covered
[15:58] {magoo} out here .87
[15:58] {magoo} dam...he has me by lousy 64 bux
[15:59] {Chaeron} AP saying Mitt Romney's stock rising for McCain's VP choice... what symbol was that? GOP?
[15:59] {Chaeron} nice magoo...
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening,
[15:59] {magoo} WAIT VAD
06[15:59] * magoo slaps Threei around a bit with a large trout
[15:59] {Threei} thank you for trading well
[15:59] {Chaeron} thanks for everything Vad
[15:59] {Threei} delivers a great satisfaction to me
[15:59] {magoo} TY BOSS
[15:59] {Chaeron} you too Dave
[15:59] {peterg} tks all
[15:59] {Threei} group hug... yikes
[16:00] {GeoArb} eeek
[16:00] {Chaeron} ug
[16:00] {Threei} I better go before everyone gets mushy maashy
[16:00] {magoo} no go do a shot of vodka and bragg about your students
[16:00] {peterg} song---feelings......
[16:00] {Threei} see you all tomorrow :)
[16:00] {cosmo} was hoping he'd pick ron paul....
[16:01] {Threei} yeah, that would be my choice too
[16:01] {cosmo} :)
[16:01] {peterg} gutsy move, magoo!!
[16:01] {Chaeron} I was thinking Liebermann
[16:01] {cosmo} ah
[16:02] {magoo} scalp is all
[16:02] {magoo} but yeah..gotta be gone before bell because of spread nowe
[16:07] {dino} gn all

Jul 14 2008

Session Start: Mon Jul 14 01:28:51 2008


[08:03] {Threei} CNBC'S STEVE LIESMAN REPORTS THAT SOURCES AT TREASURY FEEL THAT GSES 'DO NOT HAVE A LIQUIDITY PROBLEM', DO NOT EXPECT THEM TO USE CREDIT LINES
[08:03] {Threei} - if lines are used they may be charged penalty rate{FNM}
[08:04] {Threei} SOLF
[08:04] {Threei} AWARDED 47MW SALES CONTRACT WITH SCHUCO
[08:04] {Threei} - Under the terms of the agreement, Solarfun has agreed to supply a total of 47.0 MW of PV modules to Schuco at a fixed price to be delivered according to a binding delivery schedule from December 2008 to October 2009.
[08:04] {Threei} - The PV modules are intended to be installed in major projects in south-east Europe and the Middle-East.
[08:32] {Threei} IMMU
[08:32] {Threei} ANNOUNCES WORLDWIDE LICENSE AND COLLABORATION AGREEMENT WITH NYCOMED FOR VELTUZUMAB FOR NON-CANCER INDICATIONS
[08:40] {hawkfan4} good morning Vad, all
[08:42] {cosmo} CRME pre mkt high = 11 fyi
[08:44] {cosmo} gonna test
[08:47] {Threei} good morning
[08:47] {Threei} hawk, where have you been man
[08:47] {Threei} you would have made a killing on Friday
[08:49] {Threei} FRE
[08:49] {Threei} PREVIEW: EXPECT RESULTS OF $3B 3 AND 6-MONTH BILL AUCTION AT OR AROUND 9:45AM ET
[08:49] {Threei} - the weekly auction is a modest $3B, but is likely to act as vote of confidence in the agencies if it demonstates good participation as is generally expected. Over the past two months, the money market yields on Freddie Mac reference bills have averaged roughly 25 basis points above OIS for the 90-day bills and 30 basis points for 6-month bills. Cover ratios have averaged nearly 2.90 for 3-month bills and 2.50 for 6-month bills{FNM}
[08:49] {hawkfan4} was in Florida, had my laptop but my broadband card wouldn't work there, so i actually took the whole week off. I missed a good one?
[08:50] {Threei} Friday
[08:50] {Threei} FRE and FNM were killer trades
[08:50] {Threei} readable, wide range
[08:54] {cosmo} CRME: # Cardiome Announces Positive Phase 2b Results For Oral VernakalantPR Newswire(Mon 8:25am)
[08:54] {hawkfan4} reading the logs, looks very nice
[08:54] {Threei} one of those days... could do no wrong
[08:54] {Threei} nice gap CRME
[08:55] {cosmo} 11
[09:02] {cosmo} should 10.60
[09:02] {cosmo} hold
[09:03] {cosmo} 10.50 must hold
[09:04] {peterg} Hola!
[09:04] {Threei} peter, welcome back
[09:04] {peterg} Thanks, good to be back; but life on the Continent is not so bad
[09:04] {Threei} how was the trip?
[09:04] {peterg} Mallorca, Paris, wonderful
[09:05] {Threei} :)
[09:08] {magoo} miorning
[09:08] {Threei} magoo :)
[09:11] {Threei} CEO: FNM HOLDS MORE THAN ADEQUATE CAPITAL RESERVES
[09:11] {judijim} good morning all
[09:12] {Threei} jj :)
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:13] {dptl} good morning all
[09:13] {Threei} dp :)
[09:19] {dino} magoo said i missed a wild friday
[09:19] {Threei} yeah :(
[09:21] {Threei} 09:19am [XING] Reports FY08 Rev $531.1M (+20.3% y/y) (no est)
[09:27] {cosmo} CRME should hold 10.80 imho
[09:32] {Threei} 13.01 long FNM if stays above 12.90
[09:33] {Threei} UPDATE: LEHMAN CONSIDERING OPTIONS FOR SLOWING THE STOCK DROP INCLUDING CONSIDERING SHARE BUY BACK - WSJ
[09:33] {Threei} - WSJ reports Lehman also in talks with Korean financial firms for a possible stake sale
[09:39] {dino} yeah, good idea buy back stock when you need to raise capital, c'mon.....
[09:39] {dino} idiots
[09:39] {magoo} markets open weaker than i would expect
[09:42] {magoo} vad, rimm bouncer somewhere
[09:43] {Threei} don't know... looks still down to me
[09:44] {Threei} 110 is serious breakdown which I'd rather be shorting
[09:45] {GeoArb} true dino but i think the want to buy back stocks to force shorts to locate and short squeeze
[09:45] {magoo} ok..ty
[09:47] {dino} maybe so, but if they need capital, they should not be buying back stock, look what happened to ncc
[09:47] {Threei} FRE
[09:47] {Threei} COMPLETES $3B BILL AUCTION RESULTS; BID-TO-COVER RATIOS, 3-MONTH AND 6-MONTH
[09:47] {Threei} - Spread over Treasury v 103bps prior
[09:47] {Threei} - Deal seen at 2.34-2.35%
[09:52] {Threei} MYGN
[09:52] {Threei} small shares long .50
[09:52] {Threei} stop under .20
[09:53] {Threei} not a scalp most likely
[09:58] {Threei} stop to under .30
[09:58] {Threei} LEH, what a disaster
[09:59] {Threei} PRESIDENT BUSH PLANS TO LIFT BAN ON OFF SHORE DRILLING
[09:59] {Threei} {USO}
[10:00] {dino} good
[10:00] {Threei} what's with IMGN?
[10:01] {Threei} no go MYGN
[10:02] {Threei} was capable of scalp... really expected more of it
[10:05] {Threei} FNM, first long try on pullback to .50
[10:06] {Threei} LEH .65 long
[10:06] {Threei} if stays above .50
[10:07] {Threei} let FNM go for now
[10:08] {Threei} LEH half out
[10:08] {Threei} scalpers take profit
[10:10] {Threei} stop for the balance to under .60
[10:14] {Threei} out 1/4 more LEH +.45
[10:16] {Threei} out LEH in full + something good
[10:16] {Threei} .55 or something
[10:17] {dino} v sm, risky, l gs .50
[10:20] {dino} gj
[10:26] {Threei} SQNM half lot long .90 if styas above .75
[10:33] {Threei} VPHM .30 long if stays above .20
[10:42] {Threei} no go VPHM
[10:55] {dino} artc sm l .99, stop lod
[11:04] {Threei} RIMM short 110 break
[11:04] {Threei} stop above .20
[11:05] {Threei} invalidated
[11:09] {Threei} IBM long half lot.25 if stays above .10
[11:13] {Threei} RIMM fooled us eh?
[11:13] {Threei} ruined setup, then triggered and worked like charm
[11:13] {Threei} IBM over 1:1 for scalpers
[11:14] {hawkfan4} lots of that today, vphm worked too after a quick rinse
[11:14] {Threei} yep
[11:14] {Threei} 1:2 IBM
[11:15] {Threei} 1:3, no reason to stay in who is still holding
[11:15] {hawkfan4} out .65, thx
[11:16] {Threei} :)
[11:17] {Threei} just in time eh?
[11:17] {hawkfan4} definitely :)
[11:18] {Threei} look at SQNM
[11:18] {Threei} did same thing as RIMM
[11:19] {Threei} invalidated setup, then went big
[11:19] {Threei} MER
[11:19] {Threei} .51 long
[11:20] {Threei} .39 sop
[11:24] {dino} out artc .38, +.39
[11:24] {Threei} LEH short
[11:24] {Threei} as close to 14 as you can get, stop above 14.10
[11:25] {dino} lod's markets
[11:25] {Threei} feels like breakdown is coming
[11:26] {Threei} in
[11:27] {Threei} got .97
[11:29] {Threei} stopped
[11:50] {Threei} FRE
[11:50] {Threei} TREASURER BITSBERGER: RECENT BILL SALE WAS 'BUSINESS AS USUAL', FOREIGN DEMAND FOR BILLS 'UNRELENTING'
[11:50] {Threei} WM
[11:50] {Threei} TICKING LOWER, HEARING WEAKNESS ATTRIBUTED TO COMMENTS FROM JIM CRAMER
[11:50] {Threei} LEHMAN MAKING CAUTIOUS COMMENTS, WM COULD TAKE $4B IN PROVISIONS FOR LOAN LOSSES IN Q2 (TIMING UNCERTAIN)
[11:50] {Threei} - Lehman sees WaMu Q2 charge offs of $1.8B
[11:52] {Threei} LEH rinsed... working now
[11:53] {Threei} watching for bounce to short into
[11:54] {Threei} WM starts looking like next IMB
[11:54] {Threei} WB short
[11:54] {Threei} right here
[11:54] {Threei} stop over .50
[11:55] {Threei} NCC halted
[11:55] {Threei} another financial
[11:56] {Threei} grrr LEH
[11:56] {Chaeron} Hi all... begining of end of world?
[11:56] {Threei} yup
[11:57] {Chaeron} I suggest shortening it to EOW... no no, it's not a symbol
[11:58] {Threei} WB over half out
[11:58] {Threei} over 1:1
[11:58] {Threei} covered half .11, +.32
[11:58] {Threei} .23, sorry
[11:59] {Threei} stop to .31
[11:59] {Threei} out
[11:59] {Threei} NCC
[11:59] {Threei} SSUES STATEMENT IN RESPONSE TO MARKET RUMORS
[11:59] {Threei} - "National City is experiencing no unusual depositor or creditor activity. As of the close of Friday's business, the bank maintained more than $12B of excess short-term liquidity. Further, as a result of our recent $7 billion capital raise, National City maintains one of the highest Tier I regulatory capital ratios among large banks."
[11:59] {Threei} wow... halt for good news?
[11:59] {Threei} or at least spin
[12:00] {Threei} rare occurence these days
[12:02] {Threei} everyone's asleep? or someone's is till trading?
[12:02] {hawkfan4} here, got wb and some of leh, thx
[12:03] {patience} watching gold price, and u.s. financials....good scalping today though :)
[12:03] {Threei} WB shook out second half
[12:06] {Threei} Barney Frank on CNN
[12:07] {Threei} this is crisis of confidence, there is no solvency problem at FRE and FNM
[12:10] {Threei} 10 break worth another short try on WB if stays under 10.15
[12:11] {hawkfan4} watching it
[12:13] {Threei} tide maybe changing
[12:14] {Threei} backing away from shorting financials for the time being
[12:15] {Threei} not ready for long yet but lost conviction in short direction
[12:15] {Threei} LEH long .61 if holding above .45
[12:18] {Threei} FNM .11 long if stays above 10
[12:20] {magoo} in leh..in fnm
[12:21] {dino} v sm l rimm wide
[12:21] {dino} .70
[12:21] {Threei} this grinding out resistance so close to support looks fine to me
[12:21] {Threei} risk is small
[12:21] {Threei} and support held long enough to change the bias
[12:21] {Threei} LEH over 1:1 for scalper
[12:22] {Threei} FNM over 1:1 for scalpers
[12:25] {Threei} mama mia... just noticed FED
[12:25] {Threei} look at daily
[12:26] {Threei} what kind of mess are we in when so many of them go from 40-70 to under 5
[12:31] {dino} a big one
[12:50] {Chaeron} .
[12:51] {magoo} ..
[12:53] {Threei} all good points
[12:54] {magoo} anything to add?
[12:54] {Chaeron} +
[12:55] {Threei} FNM
[12:55] {Threei} 10 break long
[12:55] {Threei} stop under .85
[12:56] {Threei} LEH .90 long
[12:57] {Threei} yikes
[12:57] {dptl} stopped fnm
[12:57] {Threei} not sure what this drop is about, shake or another round of news somewhere
[12:58] {Threei} LEH and FRE hold, seems FNM specific
[13:06] {patience} what did MTB do?
[13:06] {Threei} bank
[13:06] {Threei} that says it all :)
[13:07] {patience} daily chart looks a little grim
[13:15] {Threei} FNM relentless selling
[13:24] {magoo} took leh
[13:24] {magoo} off 14
[13:24] {Threei} why that far from trigger?
[13:25] {magoo} it was having trouble..thoiugt 14 would get it goiung
[13:25] {Threei} SOLF
[13:25] {Threei} ADJUSTS Q1 EARNINGS TO $0.30 FROM $0.32; NO CHANGE IN 2008 BUSINESS OUTLOOK - FILING
[13:25] {Threei} - One of the Company’s polysilicon suppliers to whom it advanced $1.8 million for raw materials has failed to deliver agreed-upon quantities by the due dates.
[13:25] {Threei} - reminder: on 5/21, Reported Q1 $0.32 v $0.16e, R $171M v $142Me
[13:26] {Threei} FOX PITT SUGGESTS LEH SHOULD BE TAKEN PRIVATE AS HAS BEEN TARGETED BY THE 'FEAR TRADE'
[13:29] {dino} in the end, only gs will be standing
[13:31] {patience} i swear i hear sovereign wealth funds hovering, waiting to swoop in
[13:31] {Threei} great... we are for sale
[13:32] {dino} me too patience, and gs, and a few private funds for smaller fish
[13:33] {patience} vad, do you see a cup and handle on KGC? or is it me wishful thinking
[13:34] {Threei} there is... I just don't know how much we can rely on these things right now
[13:35] {patience} ty, it has been a decent trading day for me. I just keep looking over my left shoulder, then my right. Asking where did everybody go?}
[13:37] {Threei} I stopped even looking... I accepted as a cold hard fact that people simply don't want to talk to me
[13:38] {dino} i'm just not doing much today
[13:40] {Chaeron} I don't know if today is a charge ahead and do a lot type of day, so you appear wise to me, Dino
06[13:42] * Chaeron slaps laserdave1 around a bit with a large trout
[13:42] {dino} me wise....not! lol
[13:42] {dino} cautious, yes
[13:43] {magoo} only thing wise about dino is the bag of chips in his hand
[13:44] {dptl} mmsi?
[13:44] {Threei} US PRES BUSH CONFIRMS LIFT OF EXECUTIVE BAN ON OFFSHORE DRILLING, CONDEMNS THE 'LACK OF ACTION' BY CONGRESS ON THE ISSUE
[13:45] {Threei} thin dp... chart looks right but it doesn't take much to move it either weay
[13:45] {dptl} ok ty
[13:45] {dino} lol magoo
[13:47] {magoo} we bouincing on that vad??
[13:47] {Threei} nah
[13:48] {Threei} that's pretty much non-event in terms of today's trading
[14:01] {magoo} LAZERDCC
[14:08] {laserdave1} ok
[14:08] {Threei} took MMSI dp?
[14:09] {dptl} yep +.17
[14:09] {Threei} :)
[14:11] {Threei} barring new news items, looks like better bounce time for financials
[14:11] {Threei} Iooking for pullback to buy
[14:11] {Threei} FNM as close to 10 as possib;e
[14:13] {Threei} anywhere under .20
[14:14] {Threei} SENATE MAJORITY LEADER REID REITERATES PLANS TO PASS BILL TO CURB SPECULATION IN THE COMMODITIES MARKET
[14:14] {Threei} in FRE
[14:15] {Threei} probably missed FNM
[14:15] {magoo} u mean FNM correct?
[14:15] {Threei} ?
[14:16] {magoo} never mind
[14:16] {magoo} i gtchsa
[14:16] {Threei} FRE pulled from 7.25 to 7.07
[14:16] {kazaam} long fre? under .20?
[14:17] {Threei} no kaz, don't chase
[14:17] {Threei} under .20 was for FNM
[14:17] {Threei} FRE dropped right at that moment, was available at .08 - .10
[14:17] {Threei} close enough to 7 support
[14:25] {Threei} out FRE
[14:26] {Threei} ugh... why didn't FNM let us in
[14:28] {Threei} really hesitated to enter it around .30, hate the idea of chasing anything today
[14:28] {Threei} market is incredible fragile
[14:28] {hawkfan4} FRE nice vad, thx.
[14:28] {Threei} welcome
[14:28] {Threei} held for better exit than I did?
[14:28] {hawkfan4} no, took .31
[14:29] {Threei} wow... that was gutsy
[14:29] {hawkfan4} i mean for my exit, got .12 for entry
[14:34] {Threei} oh
[14:34] {Threei} sorry, misunderstood :)
[14:35] {Threei} than both our exits were, ummm
[14:35] {Threei} less than brilliant
[14:35] {hawkfan4} after my week off my brain hasn't quite hit it's stride, shaking off the effects of too many margaritas
[14:37] {dino} ahhh, that explains alot
[14:37] {hawkfan4} :)
[14:39] {Threei} hate it when I get a right read and don't utilize it
[14:39] {Threei} [14:11] {Threei} barring new news items, looks like better bounce time for financials
[14:40] {Threei} 30 minutes later they show respectable gowth, and all I have to show for it is 20 cents?
06[14:40] * Threei slaps Threei around a bit with a large trout
[14:42] {Threei} WM looks to me like new lows are in order
[14:47] {Threei} right on que
[14:47] {Threei} anyone shirted}
[14:47] {Threei} shorted
[14:47] {Threei} ?
[14:47] {Threei} don't cover it all IMO
[14:48] {magoo} nope
[14:48] {Threei} it's going lower
[14:49] {Threei} hard to tell where resistance is... bounces are shortable on it
[14:49] {Threei} well, clean resistance is .50 obviously... but there is not much technical in how it trades
[14:50] {Threei} WM looks to me not just one of beaten... rather as one going belly up
[14:50] {hawkfan4} 14:46 WM Washington Mutual ticks lower as Cramer on CNBC says he would hold off on buying WM, partially due to IndyMac's fold (31.17 -1.78) -Update-
[14:51] {Threei} hmmm
[14:51] {Threei} for once I agree with him
[14:51] {Threei} that's disturbing
[14:51] {Threei} given his recent history, maybe I am wrong on WM {GGG}
[14:53] {Chaeron} LASERDAVE DCC?
[14:54] {Threei} US REP MARKEY IS PROPOSING A BILL THAT WOULD MANDATE REMOVING 500K BBL/MONTH FROM THE SPR FOR SIX MONTHS
[14:54] {Threei} {USO }
[14:54] {Threei} hmm?
[14:54] {Threei} what's the point of it?
[14:54] {Chaeron} (you gotta admit, that's a cool nick to have in reallife... wonder if his friends and gf calls him that?)
[14:54] {Chaeron} smoke and mirrors, Threei
[14:55] {Threei} hehe, no doubt
[14:55] {Threei} but even in that, what would it accomplish?
[14:55] {Chaeron} add a pretty magician's assistant aned the public goes "ooooooooo..."
[14:56] {Chaeron} it's an election year?
[14:56] {Threei} some say so
[14:56] {dino} well at least gov't would make $ on it, they filled it much lower
[14:56] {Threei} how very nice for them
[14:57] {Chaeron} sure... buy low... sell much higher... and the govt is persecuting "speculators....
[14:57] {Threei} with all "start drilling, take oil from SPR"... price isn't retreating
[14:57] {Threei} what does it mean for the next oil move?
[14:58] {Threei} right... up, up and away
[14:58] {patience} cha ching in my pockets
[15:14] {Threei} sharp selling under 10 should give entry on FNM
[15:22] {dino} spike
[15:22] {magoo} NEWS vad??
[15:22] {magoo} spike
[15:23] {Threei} not tat I see
[15:25] {magoo} u see a putty tat?
[15:28] {Chaeron} i did
[15:32] {dptl} have a good evening all
[15:32] {Chaeron} bye dp
[15:32] {dino} u2 dp
[15:33] {Threei} take care dp
[15:33] {kazaam} cya dp
[15:33] {Threei} FNM .35 support, .50 level to break for another leg up
[15:35] {kazaam} whippy little guy
[15:40] {patience} out of Kinross ( (K), +.92 don't plan on being in much before Mr. Bernanke tomorrow
[15:41] {Threei} now with market drop we may get that under 10 dive... although I am not so sure it's worth a try for bounce
[15:41] {Chaeron} so short the 10 break?
[15:42] {Threei} nah
[15:42] {Chaeron} awww
[15:52] {Threei} nothing inspires me for the last scalp attempt here
[15:52] {Threei} WM will be on watch for short tomorrow
[15:52] {Threei} the rest is, well, players but who knows which way and at what levels
[15:53] {Threei} will be anothr day, another read deal
[15:54] {Threei} this is FNM drop I wanted
[15:54] {Threei} just too close to eod
[15:58] {Threei} OK guys, thank you all
[15:58] {Threei} have a good evening, let's get'em tomorrow
[15:59] {patience} Excellent day, ty vad
[15:59] {Chaeron} thank you Threei
[16:01] {dino} gj patience
[16:01] {dino} took fwlt from thurs off +1.00
[16:03] {patience} thanks dino, credit to vad for teaching me how to trade
[16:12] {dino} same here

Jul 11 2008

Session Time: Fri Jul 11 00:00:00 2008

[08:30] {Threei} UN IMPORT PRICE INDEX M/M: 2.6% V 2.0%E; Y/Y: 20.5% 18.6%E
[08:31] {Threei} APR TRADE BALANCE: -$59.8B V -$62.5BE
[08:31] {Threei} - Prior revised from -$60.9B to -$60.5B
[08:48] {brian3579} gm all
[08:48] {Threei} brian :)
[08:48] {Threei} [15:39] {Threei} who wants to own this stock overnight
[08:49] {Threei} that was about FNM
[08:49] {Threei} Raven... is this the end of the world this time?
[08:51] {Raven} 3 oh sure
[08:51] {Raven} 3 just another end
[08:51] {Threei} I am not even sure I am kidding this time... :)
[08:51] {cosmo} its the end of the week i think
[08:51] {Threei} I mean, looking at FNM/FRE situation,
[08:51] {Raven} 3 checking that
[08:52] {Raven} 3 you're right, cosmo :)
[08:52] {Threei} if they falter, which seems like real possibility more and more
[08:52] {cosmo} phew
[08:52] {Raven} 3 I know
[08:52] {Threei} we have two scenarios
[08:52] {Threei} Either-
[08:52] {Threei} 1. FRE and FNM face failure, and either whole system goes to the hell leaving financial pyramid in ruins and America without financing, killing the lifestyle for a middle class, chasing away well-off and taking poor to the streets with sticks and stones;
[08:52] {magoo} morning
[08:52] {Threei} or
[08:53] {Threei} magoo :)
[08:53] {Threei} 2. Goverment bails FRE/FNM out, leaving shareholders with zero, putting their GSEs on taxpayers shoulders, sending USD to the crapper, sskyrocketing oil and inflation, creating huge moral hazard
[08:53] {Threei} correct me if you see where I am wrong
[08:53] {Threei} I will be more than happy to stand corrected
[08:54] {Raven} 3 Govt will bail them out ... no choice
[08:54] {cosmo} then flea to costa rica?
[08:54] {Threei} it means oil in the sky, inflation turning into hyperinflation, probably downgrade of USA credit
[08:55] {cosmo} bananas for every meal....
[08:55] {Raven} 3 perhaps, but it'll all shake out after a couple of weeks
[08:56] {Threei} I wish I was that optimistic
[08:56] {Raven} 3 best to put in your earplugs and don't read the noise in the papers
[08:56] {Raven} 3 blahblahblah
[08:56] {Threei} lol, it's not papers
[08:57] {cosmo} wires
[08:57] {Threei} mass media if anything downplays the scalee of crisis
[08:57] {Threei} there is just one silver lining that I see
[08:57] {Threei} the amount of money invested in US is not easy to place somewhere else
[08:58] {Raven} 3 exactly
[08:58] {cosmo} don't touch that silver lining; you'll get a shock
[08:58] {Raven} 3 and the US consumer is a powerful force
[08:58] {Threei} thanks to credit
[08:58] {Raven} 3 not altogether
[08:58] {Threei} and confidence
[08:59] {Threei} both are under attack
[08:59] {Raven} 3 most people have absolutely no clue that there is any problem except the price of gas
[08:59] {Threei} that's our only hope
[08:59] {Raven} 3 (and some food)
[08:59] {Threei} crisis of perception would be a final nail
[09:01] {Threei} I don't have your perspective naturally... to me it feels like the worst crisis US faced
[09:01] {Threei} perfect storm
[09:03] {cosmo} ... not too wet; not too windy...
[09:03] {cosmo} i'm optomistic
[09:04] {Threei} send me some please
[09:04] {magoo} this may be the complete washout mkt players have been wanting looking for to signal bottom
[09:05] {cosmo} babies and bath water everywhere is the sign
[09:05] {dptl} good morning all
[09:05] {Threei} dp :)
[09:05] {magoo} was there new news vad on fre/fnm??
[09:05] {Threei} mags, having weekend ahead of us is a restraining factor
[09:06] {Threei} now many want to hold long into such weekend
[09:06] {magoo} new news this morn??
[09:06] {Threei} no real news, just volume increase on bailaout discussion
[09:06] {Threei} which leaves common stock at zero most likely
[09:06] {Raven} 3 big piece in WSJ about govt bailout of FNM, FRE
[09:06] {magoo} why would MA be up then??
[09:07] {Raven} 3 because your wife went on a spree magoo
[09:07] {Threei} 07/10/08 05:18pm [MA] Replacing ACE in the S&P500 and replace GM in S&P100; GM to remain in S&P500, effective after the close July 17
[09:08] {fernp} Good Morning??
[09:08] {Threei} hi fern... we will see :)
[09:08] {Threei} so far it looks like morning... "ggod" part is under question
[09:09] {Threei} I am probably last person you would expect to buy in doomsday scenarios... but this looks like absolute nightmare to me
[09:13] {fernp} U.S. weighs takeover of two mortgage giants - NY Times : The NY Times reports senior Bush administration officials are considering a plan to have the govt take over one or both of Fannie Mae (FNM) and Freddie Mac (FRE) and place them in a conservatorship if their problems worsen
[09:14] {GeoArb} long swiss francs then :)
[09:14] {fernp} your second scenario Vad
[09:15] {judijim} good morning all
[09:15] {GeoArb} yeah its going to be the second at the cost of the dollar :(
[09:17] {Threei} yes fern
[09:17] {Threei} hi jj
[09:19] {Threei} let's just hope Fed is not fully out of ammo and inventive enough to come up with third way
[09:19] {Threei} FRE under 4
[09:20] {Threei} let's be very careful, sensitivity to news is extraordinary
[09:21] {Threei} any soundbite can send a stock far from your entry price if you are unlucky enough to enter before news, on any side long or short
[09:21] {Threei} fade of extreme moves for scalp is probably the name of the game today
[09:24] {magoo} vad, i thought market wanted fed to intervene on those two?
[09:25] {Threei} intervene, yes, but to bail them out?
[09:25] {magoo} im confused lol
[09:25] {Threei} intervene by making them liquid and stay in the game is one thing
[09:25] {Threei} nationalize them is another
[09:29] {Threei} oil, mama mia
[09:31] {fernp} Crude oil jumps to another new record high; now +5.55 at 147.20
[09:31] {Threei} short FRE half lot .49
[09:31] {Threei} .65 stop
[09:31] {Threei} a bit late...
[09:31] {Threei} see if we get a bounce
[09:32] {magoo} was wondering if u filled
[09:32] {Threei} no
[09:32] {Threei} now I am
[09:32] {Threei} .47
[09:33] {Threei} out .21
[09:33] {Threei} anyone got it on bounce into .50?
[09:33] {magoo} missed
[09:33] {tomg} i got it, vad, ty
[09:34] {tomg} out
[09:34] {Threei} gj tom
[09:34] {Threei} a bit early exit but heck
[09:34] {tomg} out .22
[09:34] {Threei} FNM holding rather well
[09:36] {Threei} wow, nice bounce
[09:36] {Threei} I chickened out
[09:38] {Threei} 4.51 long FRE if stays above .30
[09:38] {Threei} half lot, needless to say
[09:40] {Threei} stopped
[09:42] {Threei} rinse
06[09:42] * Threei slaps laserdave1 around a bit with a large trout
[09:43] {laserdave1} the good morning slap
[09:43] {laserdave1} thought i would catch you off guard
[09:43] {Threei} you can always count on it
[09:43] {laserdave1} hmmm
[09:43] {laserdave1} guess not
[09:44] {Threei} anyone ventured for second chance?
[09:45] {Threei} PREVIEW: JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET
[09:45] {Threei} **consensus expectation: 55.5e v 56.4 prior
[09:45] {Threei} *prior inflation expectations:
[09:45] {Threei} - 1 yr median inflation expectations in June at 5.1%
[09:45] {Threei} - 5 yr median inflation expectations in June at 3.4%
[09:48] {Threei} WHITE HOUSE SAYS PAULSON TO MAKE A STATEMENT ON GSES
[09:49] {Threei} looks like FNM is a guide for FRE
[09:49] {Threei} this FRE pullback is entry
[09:49] {Threei} stop under .50
[09:49] {Threei} big spike FNM
[09:50] {Threei} if you got .75 or so, feel free to take profit as you see fit
[09:52] {Threei} not sure this time
[09:53] {Threei} let's wait out michigan numbers
[09:55] {Threei} JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 56.6 V 55.5E
[09:56] {Threei} .70 long FNM
[09:56] {Threei} stop under .50
[10:02] {Threei} tough battle
[10:08] {Threei} LEH short around here
[10:08] {Threei} stop above .25
[10:09] {Threei} feel free to cover
[10:10] {Threei} another entry, stop above .30 this time
[10:11] {Threei} S&P ANALYST: A TAKEOVER OF THE GSES WOULD NOT BY ITSELF TRIGGER A DOWNGRADE OF US AAA RATING
[10:14] {Threei} not sure of entry this time
[10:16] {Threei} wowe
[10:16] {Threei} looks news-provoked
[10:16] {Threei} don't see any
[10:17] {Threei} OK, break your silence... anyone took any of these shorts?
[10:18] {Threei} I think I can go on weekend, no one talks to me anyway
[10:19] {patience} sorry vad, i didn't take the shorts. I'm just smiling because my gold plays are very happy :)
[10:19] {tomg} i was in fre long, got out when you called leh short. does that count? :)
[10:20] {Threei} why not... as long as someone noticing I am here at all {G}
[10:20] {tomg} glued to screen today, vad :))
[10:20] {Threei} can't blame you... rare action
[10:21] {Threei} FNM short with stop above .50 idea but want a bounce
[10:21] {Threei} somewhere above .20 desirably
[10:21] {tomg} made my daily on your first call, so now can relax a bit. interesting to watch battle
[10:21] {Threei} :)
[10:22] {Threei} FNM got away, no chance for entry
[10:22] {Threei} FRE however
[10:22] {Threei} .65 resistance
[10:22] {Threei} .50 break maybe worth a try
[10:23] {Threei} watch FNM for guidance
[10:25] {Threei} wow
[10:25] {Threei} out
[10:25] {Threei} US TREASURY'S PAULSON: FOCUS IS ON BACKING FRE AND FNM IN CURRENT FORM, REGULATORS IN TALKS WITH GSES
[10:25] {Threei} that's long IMO
[10:25] {Threei} in current form is key words
[10:26] {Threei} want FNM bounce
[10:26] {Threei} as close to .50 as possible
[10:27] {Threei} tried to bid .60, no chance
[10:27] {Threei} not this time
[10:27] {Threei} will lose .50
[10:28] {Threei} things change too fast to comment real time, lol
[10:29] {Threei} EQUITIES AND THE DOLLAR MOVE LOWER AFTER TREASUY SEC PAULSON'S STATEMENT PROVIDES LITTLE IF ANY DETAILS OF A SPECIFIC BAILOUT PLAN
[10:30] {Threei} MOODY'S SAYS US GOV'T DEBT WELL WITHIN AAA RANGE
[10:31] {Threei} this last round of selling is unjustified IMO
[10:32] {Threei} FRE looking for bounce
[10:33] {Threei} out if you got it
[10:33] {Threei} guys, quick traders have to grab entries as instincts guide them
[10:33] {Threei} there is no way I can alert in time
[10:34] {Threei} very liquid situation
[10:34] {Chaeron} GM all... chaos rules today I see
[10:34] {Threei} if you don't feel confident,enough for entries, paper trade
[10:34] {Threei} hi chaeron
[10:35] {Threei} I barely manage to give an idea of a trade
[10:35] {Threei} exact entry, no way
[10:36] {Threei} FNM dollar bounce
[10:38] {Threei} FNM around .50 should be another long entry
[10:39] {Threei} UPDATE: CITIGROUP COMMENTS THAT FANNIE AND FREDDIE SELL OFF IS NOT DUE TO FUNDAMENTALS; REITERATES BUY RATING
[10:41] {Threei} feel free to exit
[10:41] {Threei} +.23 for me
[10:41] {Threei} no takers?
[10:42] {Threei} sigh
06[10:42] * Threei slaps laserdave1 around a bit with a large trout
[10:42] {Threei} and while I am at it
06[10:42] * Threei slaps magoo around a bit with a large trout
06[10:43] * Chaeron slaps laserdave1 around a bit with a large trout
06[10:43] * Chaeron slaps magoo around a bit with a large trout
[10:43] {Threei} thank you chaeron
[10:44] {Threei} disconnect between FRE/FNM and LEH
06[10:44] * Chaeron slaps Threei around a bit with a large trout
[10:45] {Threei} oh great
[10:45] {Threei} I thought I had an ally... turns out he just slaps people by pure reflex {G}
[10:46] {Threei} told ya that last round of selling was unwarranted
[10:46] {tomg} out fnm 8.01 , ty vad
[10:47] {Threei} from?
[10:47] {Threei} .55 or so?
[10:47] {tomg} .62
[10:47] {Threei} :)
[10:47] {Threei} not bad for 12-15 cents original stop size
[10:48] {tomg} yep :)
[10:48] {Threei} I am getting strange feeling that we are going to see much bigger recovbery on this pair today
[10:49] {Threei} findin g entry is still not easy... pullbacks into obvious support levels is the best approach
[10:49] {Threei} much like this last pullback on FNM from 8 to 7.50
[10:49] {Threei} so lwet's try and identify them
[10:49] {Threei} 8 is closest support for FNM
[10:49] {Threei} 4.70 for FRE
[10:50] {Threei} right now more negative action on LEH than on this couple
[10:51] {Threei} how about that FNM
[10:54] {tomg} xlf resistance 18.65?
[11:00] {tomg} now support
[11:01] {Threei} [10:48] {Threei} I am getting strange feeling that we are going to see much bigger recovbery on this pair today
[11:01] {tomg} xlf long here, vad?
[11:02] {Threei} after pullback...
[11:02] {Threei} it has much narrower range
[11:02] {tomg} ok, ty
[11:03] {Threei} plus, XLF has other financials weighing on it
[11:05] {Threei} FNM at support
[11:05] {Threei} FRE is not yet
[11:07] {Threei} FNM bounced right on que
[11:07] {Threei} FNM still pulling back
[11:07] {Threei} FRE sorry
[11:08] {Threei} FRE needs to be closer to 5.10
[11:12] {Threei} in, stop under 4.90
[11:12] {Threei} got 5.03
[11:12] {Threei} right on que
[11:13] {Threei} out
[11:13] {Threei} +.24
[11:13] {Chaeron} I scalped .14 out of it.,.. thanks
[11:13] {Threei} :)
[11:13] {patience} you are having a good day vad, shows why scalping pays
[11:14] {tomg} got it vad, TY !
[11:14] {Chaeron} we're in scalping mode again here
[11:14] {Threei} tom :)
[11:14] {Threei} getting out too soon every time patience... but somehow don't feel bad about it
[11:14] {patience} not when the cash register rings time and time again
[11:15] {Threei} no
[11:15] {Threei} keeping stops tight, taking easy profits
[11:17] {magoo} back
[11:17] {Threei} you left?
[11:17] {magoo} sorry, tenant called and tree split down middle
[11:18] {Threei} ugh
[11:18] {magoo} enmergency tree removal or smashed house roof
[11:18] {Chaeron} lightning? wind?
[11:18] {Threei} missed some bonanza
[11:18] {magoo} god dammit
[11:18] {magoo} big bux
[11:18] {Chaeron} yeah mags... even I made $
[11:19] {Chaeron} easy bro... more to come... as always
[11:21] {Threei} FNM, need pullback closer to 9 now for entry
[11:22] {Threei} FRE no read here
[11:22] {magoo} ok, well, what could i do..trying to get tree guy there now...or lose roof of entire house..
[11:23] {magoo} fnd me only winners vad, ok cause i missed your earliers
[11:23] {Threei} just did
[11:25] {Threei} out .20 from .03
[11:25] {Chaeron} missed here
[11:25] {Chaeron} mags.. dcc
[11:26] {Threei} second chance worked again
[11:26] {Threei} if goes to 9 again do not take it this time
[11:28] {Threei} you caught it magooski?
[11:30] {magoo} i though yuo saids do not take it
[11:30] {magoo} sheesh
[11:30] {Threei} .20 - .30 zone support now FNM
[11:30] {Threei} I said do not take it third time
[11:31] {Threei} it hit 9 twice and bounced every time
[11:31] {Threei} third would be a breakdown
[11:31] {magoo} crap..reach in computer and push the buy/sells for me lol
[11:32] {Threei} jump right off .30
[11:32] {patience} dow below 11,000, hmmm
06[11:33] * Chaeron dusting off DOW 10K party hat...
[11:33] {Threei} wow, I didn't even notice
[11:33] {Threei} too much fun with freddie kruger and his girlfriend fannie
[11:34] {Threei} same situation repeated exactly on FNM,
[11:34] {patience} do you realize China is top foreign holder of freddie and fannie bonds
[11:34] {Threei} second bounce off ,.30 worked
[11:34] {patience} interesting times vad
[11:34] {Threei} if goes there third time do not take it
[11:35] {Threei} I hate interesting times
[11:35] {judijim} good morning all
[11:35] {Threei} jj :)
[11:36] {Threei} 5.50 FRE support now
[11:38] {Threei} FNM asiming for 10
[11:38] {patience} IndyMac halted vad?
[11:38] {Threei} .75 important level to take
[11:39] {Threei} hmm
[11:39] {Threei} no halt news
[11:39] {Threei} let me check halt website
[11:40] {Threei} nope... not listed there
[11:40] {patience} ty, sorry to interrupt
[11:40] {Threei} the price and the way it trades though, ikt could be halted just as well, lol
[11:41] {Threei} 10 FNM
[11:41] {Threei} let me reiterate:
[11:41] {Threei} [11:01] {Threei} [10:48] {Threei} I am getting strange feeling that we are going to see much bigger recovbery on this pair today
[11:42] {Threei} now I'll stop patting myself on the back to prevent severe shoulder dislocation
[11:43] {Threei} magooevsky... tell me you got it this time
[11:43] {magoo} nope ..sigh
[11:43] {Chaeron} got what? where?
[11:44] {Threei} [11:38] {Threei} FNM asiming for 10
[11:44] {Threei} [11:38] {Threei} .75 important level to take
[11:44] {Threei} [11:39] {Threei} hmm
[11:44] {Chaeron} shoot
[11:44] {Threei} you guys don't pay attention at all?
[11:44] {Chaeron} freakin' phone
[11:45] {Threei} PRESIDENT BUSH: REGARDING THE GSES, PAULSON AND BERNANKE ARE "WORKING THIS ISSUE VERY HARD"
[11:46] {magoo} any read RIMM vad?
[11:46] {Threei} no
[11:50] {Threei} this pullback is probably last long ewntry for bounce
[11:50] {Threei} after that either switching to shorts or going on a sideline
[11:52] {Threei} FNM is ready
[11:52] {Threei} .81 long
[11:52] {Threei} if stays above .65
[11:53] {Threei} out
[11:55] {Chaeron} me too. thanks... in .82 out 10
[11:55] {magoo} caught that one .78 to .97
[11:55] {Chaeron} good job mags
[11:55] {Threei} whew
[11:56] {Threei} just when I decided to lock you both out of the room for ignoring me
[11:56] {Chaeron} mags, did someone just say something?
[11:56] {Threei} on second thought... I am happy to be ignored
[11:57] {Threei} carry on :)
[11:59] {magoo} no here chaer..nothing
[11:59] {magoo} BUSH on tv
[11:59] {magoo} breaking news
[12:00] {Threei} ?
[12:00] {magoo} on fre fnm
[12:00] {magoo} coming up
[12:00] {Threei} PRESIDENT BUSH: REGARDING THE GSES, PAULSON AND BERNANKE ARE "WORKING THIS ISSUE VERY HARD," THE GSES ARE "IMPORTANT INSTITUTIONS"
[12:00] {Threei} - Notes that oil prices are high because demand is outstripping supply, urges congress to open new areas for oil exploration before its summer break
[12:00] {Threei} same or something new...
[12:01] {magoo} he gonna be on cnbc
[12:01] {magoo} could move markets
[12:05] {Threei} I am skipping this stage of run on FRE
[12:05] {Threei} can't read it here
[12:05] {Threei} eay money is made
[12:05] {Threei} Bush is on
[12:06] {Threei} it's the same speech I quoted earlier
[12:07] {Threei} wow... magoo, you watching?
[12:07] {Threei} heard camera clicks just now?
[12:07] {Threei} same sound we have for Laser executions :)
[12:08] {Threei} oh, I forgot, I am on ignore
[12:08] {magoo} :)
[12:09] {Threei} reluctantly:
[12:09] {Threei} looks like time to switch to short side on this unholy couple
[12:09] {Threei} FRE closest resistance .35
[12:10] {Threei} FNM 10
[12:10] {kazaam} break of .70 on FNM?
[12:10] {Threei} no, I'd oprefer a bounce closer to resistance
[12:10] {Threei} aggressive entry
[12:10] {Threei} making stop as tight as possible
[12:11] {Threei} here are bounces
[12:11] {Threei} any spot now where you feel it turns
[12:12] {Threei} in FNM
[12:12] {Threei} .15 stop
[12:13] {Threei} got .04... 1:1 was easy but I got greedy
[12:13] {Threei} let's see if I was wrong
[12:14] {Threei} lose .90 FNM, and you are toast
[12:15] {Threei} ok, first part of the plan... now turn into toast please
[12:16] {Threei} stubborn thing
[12:16] {Threei} die already
[12:17] {Threei} over 1:1... if you are uncomfortable, cover half
[12:17] {Threei} I want to milk it for more
[12:17] {kazaam} i cover havl at now
[12:17] {Threei} ahha... good boy
[12:17] {Threei} wait... FNM is a girl
[12:17] {Threei} FRE is a boy
[12:18] {Threei} covered half .76
[12:18] {Threei} +.28
[12:18] {Threei} why didn't I short FRE btw
[12:18] {kazaam} yep yep, wish i was more aggressive like you, i didnt have my hunting cap on
[12:18] {Threei} [12:09] {Threei} FRE closest resistance .35
[12:18] {Threei} hit .30 on bounce
[12:19] {Threei} focused on FNM too much
[12:19] {Threei} bidding .55
[12:19] {Threei} FNM
[12:20] {Threei} to cover, not for long entry!
[12:20] {Threei} stop 10.01
[12:22] {Threei} stop to .81
[12:24] {Threei} direct hit
[12:24] {Threei} out +.49
[12:24] {Threei} [11:50] {Threei} this pullback is probably last long ewntry for bounce
[12:24] {Threei} [11:50] {Threei} after that either switching to shorts or going on a sideline
[12:25] {Threei} [12:09] {Threei} looks like time to switch to short side on this unholy couple
[12:25] {Threei} did I get the best read of the month on them or what today
[12:26] {magoo} yup
[12:27] {magoo} but fate had other plans for magoo
[12:27] {Threei} argh
[12:29] {magoo} your best pirate imitation?
[12:30] {magoo} AAAARRRRRRRRRRRRR
[12:30] {Threei} hehe
[12:31] {Threei} ok guys, how are we doing today? I need some feedback, you are way too silent
[12:31] {Threei} finding your entries and exits, can't get it right, simply sleepiong... which is it?
06[12:31] * kazaam thanks vad for his only and most profitable trade all week
[12:31] {Threei} sounds good
[12:32] {Chaeron} best day I've had in a while
[12:32] {patience} terrific day vad
[12:32] {Threei} that's what I love to hear
[12:34] {magoo} im up..but not daily
[12:34] {magoo} 3 times daily yesterday {again}
[12:36] {magoo} whaaa??u ignoring me??
[12:36] {Threei} would be interesting to find out how magoo did yesterday... too bad we don't hear from him
[12:42] {magoo} aapl bounce vad??
[12:46] {Threei} can't get feel on it
[12:47] {kazaam} CEDC? I cant understand if that price action is bullish or bearish
[12:48] {Threei} mostly bullish, it's just very thin
[12:49] {Threei} FNM looks like short entry again
[12:50] {Threei} .50 closest resistance
[13:01] {Threei} anyone's in and needs guidance?
[13:08] {magoo} i am
[13:09] {Threei} price?
[13:09] {magoo} morale
[13:09] {Threei} ah
[13:09] {Threei} ok
[13:09] {Threei} thou shalt not:
[13:09] {Threei} -buy fast dropping stocks
[13:09] {Threei} -shot fast rising stocks
[13:09] {Threei} -blow one's stops
[13:10] {Threei} -double down on losing position
[13:11] {Threei} -covet neighbour's trading account
[13:12] {Threei} -worship false TV gurus
[13:12] {Threei} how's that for guidance?
[13:14] {kazaam} I am guilty, 3 out 6, where do I send money?
06[13:15] * patience slaps Threei around a bit with a large trout
[13:15] {Threei} don't bother... if those are first three, your money will be taken from you with no other action on your part
[13:15] {Chaeron} wow
[13:15] {Threei} what did I do?
[13:15] {kazaam} goodie, very effiecent system
[13:15] {Chaeron} patience... nice shot... and you don't practice even
[13:18] {magoo} practice?practice i hear?
[13:20] {Threei} tide is changing again on FRE/FNM but volume is very questionable
[13:20] {Threei} no read
06[13:21] * magoo slaps patience around a bit with a large trout
[13:22] {magoo} practicing:)
[13:22] {patience} ty magoo :)
[13:26] {patience} ok, quick change of subject for you guys....has anyone taken the train from Le Havre into Paris?
[13:27] {magoo} is that in upstate new york?
[13:27] {patience} vad, help me out here with magoo
[13:27] {Threei} easy
06[13:27] * Threei slaps magoo around a bit with a large trout
[13:27] {patience} ty
[13:27] {Threei} always
[13:28] {Threei} I guess fern is closest to that area
[13:28] {Threei} unless omnipresent Raven flies over there now and then
[13:28] {patience} ok, i guess you guys don't take the choo choo
[13:30] {GeoArb} we all will soon :)
[13:31] {Threei} lol
[13:32] {GeoArb} gm got punished for buying all railcar companies and closing them down
[13:32] {fernp} sorry, I've been in Paris but only in Disney Land
[13:32] {GeoArb} hahahahah
[13:32] {GeoArb} i have been tp paris paris
[13:32] {GeoArb} vegas
[13:40] {Raven} 3 been in Paris Kentucky
[13:40] {Chaeron} there's Perris, CA... that count?
06[13:40] * Raven slaps Chaeron around a bit with a large trout
[13:40] {Raven} 3 no
[13:40] {magoo} i live been in pennsyltuckey
[13:40] {Chaeron} lol
[13:40] {Threei} .51 FRE if holding .40
[13:45] {Chaeron} inval'd?
[13:45] {Threei} needs to consolidate agan for a few above .40
[13:47] {Chaeron} or doesn't... lol
[13:49] {magoo} out .63 vad ty
[13:50] {Threei} :)
[13:59] {magoo} way way early
[14:01] {Threei} JUNE MONTHLY BUDGET STATEMENT: $50.7B V $34.0BE
[14:12] {Chaeron} FRE green
[14:13] {Threei} whould woluld have thought
[14:18] {Threei} drop to about 7 is bounce entry for FRE
[14:19] {Threei} SENATOR DODD: KNOW THAT THE FED AND TREASURY ARE LOOKING AT OPTIONS ON GSES INCLUDING ACCESS TO THE DISCOUNT WINDOW
[14:19] {Threei} - Dodd echoes other officials saying that the GSEs are fundamentally sound, notes the majority of mortgages held by the GSEs are solid 30Y mortgages.{FNM}
[14:21] {Threei} almost ready FRE
[14:22] {Threei} first strength from here
[14:22] {Threei} got .05
[14:22] {Chaeron} .06
[14:22] {Threei} out
[14:23] {Threei} .30
[14:23] {Chaeron} .31 + 0.25 great one... thanks Vad
[14:23] {Threei} to see 7 coming when it was around 7.70 - I am a borderline genius today
[14:23] {Chaeron} IQ of 220
[14:24] {Chaeron} again?
[14:24] {Threei} most likely second time yes
[14:24] {Threei} third no
[14:24] {Threei} wait for turn first
[14:24] {Threei} no entry on price alone
[14:24] {Threei} missed
[14:24] {Threei} whatever
[14:25] {Threei} let it go
[14:25] {Chaeron} k
[14:25] {Threei} if you got it, take scalp
[14:25] {Threei} don't get stuck
[14:25] {Chaeron} nope
[14:25] {Threei} wemotions run high again
[14:37] {Threei} I don't remember my trading list for the day to be just two stocks, and the ghottest one for the day at that
[14:37] {Threei} ones
[14:42] {Threei} I'll have to leave in 20-30 minutes guys
[14:42] {Threei} anyone got any quoestions ask them NOW
[14:42] {Threei} or forever hold your peace (at least till Monay)
[14:43] {Chaeron} did you mean Monet'?
[14:43] {Threei} monday
[14:43] {Chaeron} just checking... you knnow Senator Obama told us we have to learn Spanish and French and..... so... just checking
[14:44] {magoo} was bumped opff
[14:44] {patience} french????
[14:44] {Raven} 3 oui
[14:44] {Raven} 3 si
[14:44] {patience} pourquoi
[14:45] {magoo} bookuu magoo
[14:45] {Raven} 3 just because
[14:45] {fernp} I speak a bit of spanish
[14:45] {fernp} ole
[14:45] {patience} me too : tequila
[14:46] {Raven} 3 taco?
[14:46] {Chaeron} because we are going to have Canadians demanding French
[14:46] {Chaeron} don't want them to feel left out, do we?
[14:46] {patience} if majority of canadians refuse to learn one of their officials and we are 'nice' people
[14:47] {patience} lots of luck
[14:47] {patience} we are not 'nice' people
[14:47] {Threei} FED'S BERNANKE HAS REPORTEDLY TOLD A GSE CHIEF THAT FRE AND FNM COULD BE GIVEN ACCESS TO THE DISCOUNT WINDOW - UNCONFIRMED REPORT
[14:47] {Threei} - note: Senator Dodd made a similar comment earlier{FRE}
[14:47] {Chaeron} I know... ask me about my ex-wife
[14:47] {patience} oh
[14:47] {GeoArb} lol
[14:48] {GeoArb} that was out of nowere
[14:48] {magoo} vad, u in next week?
[14:49] {Threei} sure
[14:50] {kazaam} why 100 points in .0005 seconds?
[14:50] {Chaeron} man... is FNM going to close green?
[14:51] {patience} good question kazaam
[14:51] {GeoArb} fnm fre got capitalized i guess
[14:54] {Raven} 3 Benny told FNM and FRE that they are eligible for discount window
[14:54] {Threei} [14:47] {Threei} FED'S BERNANKE HAS REPORTEDLY TOLD A GSE CHIEF THAT FRE AND FNM COULD BE GIVEN ACCESS TO THE DISCOUNT WINDOW
[14:54] {GeoArb} i guess me going to paris is going to get more expensive in dollars :(
[14:54] {Threei} anyone pays any attention to me whatsoever??? :)
[14:54] {magoo} huh??
[14:54] {GeoArb} you using white fonts vad?
[14:55] {Threei} stop using whiteout on your LCD screen
[14:56] {magoo} if mkt closes green ill cut my wrists with a banana
[14:57] {Threei} I suggest eating keyboard
[14:57] {Threei} at least some nutrition
[14:59] {magoo} jesus..this is retarded...only 76 down
[14:59] {magoo} 66
[14:59] {magoo} 59
[14:59] {Threei} Ok guys, thank you all
[14:59] {Threei} have a great relaxing weekend
[15:00] {magoo} ty vad, nice job
[15:00] {fernp} today we have seen the best Vad. Thank you for everything
[15:00] {Threei} no end of the world today but next week will bring a few more
[15:00] {Threei} thank you fern
[15:00] {Threei} see you all on Monday
[15:00] {GeoArb} ty vad
[15:00] {fernp} bye