4:33 PM 6/4/2008
Session Time: Wed Jun 04 00:00:00 2008
{Threei} Q1 FINAL NONFARM PRODUCTIVITY: 2.6% V 2.5%E;
{Threei} UNIT LABOR COSTS: 2.2% V 2.0%E
{Threei} sold balance of OMNI at 6.95, ROYL's gapping down
{Threei} missed 7, so took next best thing
{peterg} gm--had to use numbers to get in
{Threei} good morning
{Threei} really?
{peterg} xxxx7044
{Threei} hmmm... shouldn't be that way
{peterg} got in yesterday
{peterg} without effort
{peterg} shall i try again?
{Threei} nah... let's wait what others report
{peterg} k
{Threei} if it's widespread, problem reappeared
{Threei} if they are fine, it could be that your particular ISP needs to update DNS records
{Threei} which means just wait
{magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} good morning to you too mags
{Threei} how did you connect?
{magoo} easily connected
{magoo} LEH very active
{Threei} ok, ty
{Threei} yeah... in such cases bad news tend to pile up
{Threei} but I have to say, this case is not clear cut
{magoo} two thoughts...some people are thinking it can go to single digits like BEAR
{Threei} all the eery resemblances to BSC are there,
{magoo} and other thougfht is thats too easy...mkt never makes it easy
{Threei} but to say honestly, I have hard time to see similar outcome
{Threei} exactly
{Threei} obviously there are a lot of troubles
{Threei} but, unlike in BSC case,
{Threei} market is so eager to look for any positive
{magoo} shorts may get killed just to kill them
{Threei} that slightest hint that troubles are not that deep as Bear's can skyrocket the stock
{magoo} rarely get repeat scenario in market
{magoo} thats why its so hard
{Threei} I strongly disagree but not because I have any reasonable argument... I just like to disagree {G}
{peterg} The disagreement heightens the pleasure of the assertion
{Threei} that's deep
{Threei} I'd say I need a week to ponder this
{peterg} thats my problem
{Threei} see you all next Wed
{magoo} man..IDEV cut in half
{Threei} FDA troubles
{magoo} my entire watch list RED except QID{and i know why qid up before u go into 5 paragraphs explanation vasd lol}
{Threei} sigh
{Threei} OMNI is up, allow me to say
{Threei} and that was my chosen gapper
{magoo} not on my list lol
{Threei} you may want to watch another list {GGG}
{Threei} reminds me an old Soviet joke about a guy who tried to obtain permission to immigrate
{Threei} KGB agent tasked with convincing those who wanted to leave to reconsider
{Threei} started showing him a globe
{Threei} commenting how bad it was in this country, in that country
{Threei} guy listened, then asked
{Threei} sorry... may I have some other globe?
{Threei} SAUDI ARABIA RAISES PRICES FOR ALL GRADES OF CRUDE TO US BUYERS; US OIL PRICE TO RISE TO $3.85/BBL IN JULY
{Threei} - raises light and extra light prices to Asia in July
{Threei} why did I sell OMNI?
{pita} gm
{Threei} pita :)
{Threei} LIVE
{Threei} BECOMES AUTHORIZED RESELLER OF GOOGLE ADWORDS
{Threei} As a Google AdWords Authorized Reseller, LiveDeal's dedicated direct sales force will encourage local businesses to use AdWords online advertising as a cost effective, efficient way to find and target new customers.
{Threei} - Financial terms were not disclosed.
{Threei} lovely OMNI
{cosmo} TIBX might heal
{cosmo} 7.18 high so far
{Threei} 06/03/08 05:00pm [TIBX] Guides Q2 EPS $0.05-0.06 v $0.08e, R $147-149M v $153.6Me
{dptl} good morning all
{fernp} good morning
{Threei} dp, fern :)
{Chaeron} good morning everyone
{Threei} chaeron :)
{Chaeron} QTWW nice premarket...
{Threei} yes but as we saw yesterday it's not immune to market movement
{Threei} thinking of taking our that half I rebought yesterday
{Threei} kind of "trading around core position"
{Threei} also known to scalping course owners as umbrella concept
{Threei} OMNI is a bittersweet for me
{Threei} sweet part is, nice to know I can pick a gapper in this market
{Threei} bitter is of course selling too soon, lol
{magoo} i think u are getting alhiemers ed..u are fixating on a single stock all day..yesterday it was QTWW
{Threei} unless you totally tune out LEH
{magoo} i did yesterday{and it cost me}
{Threei} there... tune me out at your own peril
{Threei} luckily you decided to listen when I talked about ROYL :)
{Threei} which btw disproves completely your theory about me and single stock
{magoo} what are we debating again?i forget
{Threei} who are you?
{dino} gm all
{Threei} dino :)
{Chaeron} heya dino :)
{dino} :)
{Threei} MER
{Threei} CHIEF US STRATEGIST BERNSTEIN: SEES MASSIVE CONSOLIDATION IN THE FINANCIAL SECTOR
{Threei} are they getting ready to buy LEH? :)
{dino} indeed, sounds like the vultures are circling
{dino} no offense raven
{Threei} lol
{_osbo} HI
{Threei} big bird is on two-weeks vacation
{Threei} osbo :)
{dino} whew, was worried
{Chaeron} good luck to all...
{magoo} LEH lv 2 nuts
{Roman} 21 SQNM
{Roman} 21 watch, coulbe be aiming for 9.25
{Threei} had news
{Threei} 04:01am [SQNM] Announces positive results from screening studies using the Company's noninvasive circulating cell-free fetal nucleic acid SEQureDx(TM) Technology
{Threei} CSUN
{Threei} .90 long
{Threei} if stays above .75
{dino} amwd
{dino} darn can't borrow
{Threei} missed first SQNM spike
{Threei} will try .87, if that big offer gets taken at .86
{dino} funny i wanted s at .64
{dino} 9 that is
{dino} sm ipi l .70
{Roman} 21 WB
{Roman} 21 missed 22.15
{dptl} l csun ,92
{Threei} SQNM stop .79
{magoo} watching aapl for bounce
{magoo} depends on mkt obviously
{Threei} half out SQNM 9.05
{_rant} ppo ?
{Threei} nasty spread jumps
{dino} ptek
{Threei} SQNM stop to .84 for the balance
{Threei} CSUN stopped
{dptl} stopped
{Roman} 21 ASIA vad
{Threei} again?
{Threei} didn't it torment us enough yesterday only to be stopped? :)
{dino} kop, bobe
{magoo} l aapl .95
{_rant} ppo went flying
{magoo} out .40 +.45
{Threei} STKL
{Threei} half lot .20 break long
{Chaeron} nice hit magoo
{magoo} ty, anyone go?
{Threei} 6.95 stop
{magoo} straight up from entryu
{magoo} in stkl .19
{Threei} AKAM .31 long
{Threei} .19 stop
{Threei} let's disregard AKAM, too close to oil numbers
{Threei} don't want to get caught into knee-jerk reaction
{Chaeron} aarrrrrrrrgg... was waiting like a cheetah about to pounce
{Threei} if logic has any place, oil inventory numbers should be great
{magoo} yeah..was using vads finger trick..holding button already pressed
{Chaeron} logic?
{Threei} but since when logic has anything to do with market
{magoo} oh dammit, filled when took finger off to type he he
{Threei} lol
{dino} bobe s .74 sm
{Chaeron} what time #s?
{magoo} 10:30
{dino} ipi stop to .83
{Threei} thing went in anticipation
{Threei} last week numbers were very low because of some port delays
{Threei} providing delays were dealt with, build-up should be significant
{Threei} that's the logic I was referring to earlier
{dino} kop s sm .40
{Threei} frikin AKAM :)
{Chaeron} nice call AKAM
{Chaeron} good for you magoo
{magoo} i really filled vad...29 no shit
{Threei} cool, take profit
{magoo} oh ok..out .57 he he seriously
{magoo} TY
{magoo} i guess
{Threei} welcome
{magoo} gotta work on that finger trick more i guess
{Threei} lol
{Chaeron} yeah... keep practicing... become rich while you practice
{magoo} ok the plan chaer..i gonna go push buitton on rimm..then u ask m,e a questuion...ill let off to type and fill..then profit
{Roman} 21 WB
{Roman} 21 long
{Chaeron} lol
{Roman} 21 21.85 stop 21.69
{dino} bobe bstop is .02,
{dino} ipi to .98
{dino} out ipi .04 +.34
{dino} bobe stopped -.28
{Chaeron} .
{Threei} no numbers still
{kazaam} are crude numbers going to determind the break for S&P resistance?
{kazaam} of
{Threei} who knows
{Threei} don't try to predict
{Threei} it's a suckers game
{magoo} hey kazaam..u lost your "_"
{Threei} market strives on taking money from those who think they can analyze and predict how it reacts
{Threei} yes... welcome aboard kazaam
{magoo} welcome bro
{Threei} LOOMIS SAYLES VICE CHMN: BUYING LEH DEBT IN LAST SEVERAL DAYS
{kazaam} indeed, I am now a citizen of the reality trader chat room
{Threei} DOE CRUDE: -4.8M V +1ME;
{Threei} yikes
{magoo} to a profittable...yet speklling challenged existance
{Chaeron} great kazaam
{Roman} 21 :)
{Threei} where is that expected buildup
{Chaeron} "market strives on taking money from those who think they can analyze and predict how it reacts"
{Threei} GASOLINE: +2.9M V +1ME; DISTILLATES: +2.2M V +1.5ME; UTILIZATION: 89.7% V 88.4%E
{Threei} market confused badly
{magoo} theres buildup
{Threei} it's looking around and whistling sheepishly "do I come or do I go"
{magoo} i'm confused badly
{Threei} me too but I don't notice it since it's my usual state
{Threei} oil under 124
{Chaeron} $4.89/gal here for premium tho...
{Threei} oil goes up, price tag on gas station pops the same day
{Threei} oil drops, price tag somehow isn't in hurry
{Roman} 21 out 1/2 +.25
{Roman} 21 WB
{dino} bkop stopped
{dptl} stkl stop still the same .95?
{Threei} trail it now as it made nee high
{Threei} 7.05
{dptl} ok ty
{Threei} it's a bit abnormally volatile
{Threei} so I am careful not to overtighten it
{magoo} AKAM going over 39 imo
{Threei} look at LEH
{Threei} was I right to be hesitant on shorting it today or what
{Threei} OK STKL
{magoo} congrats
{Threei} ugh, retreated from spike before gave exit chance
{Threei} have to have offer laid out
{dptl} yeah...still in
{dptl} offering .40 now
{dino} amed l sm .95
{Threei} LEH lullback into support
{magoo} lost support right?
{Threei} .50 yes, next 31
{Threei} not sure it's going to go there
{Threei} crossback over .50 probably worth a first try
{Threei} stop under .30
{magoo} next support 31
{Threei} dp, out yet?
{Threei} .40 is getting hit
{dptl} out .40 stlk ty
{Threei} welcome
{magoo} im in stkl too boss
{magoo} wait .49
{Threei} may I suggest half out?
{Threei} OK
{magoo} out full TY
{Threei} welcome sir
{Threei} wasn't the easiest of trades but worked nicely
{Threei} jeez
{Threei} what happened on LEH?
{magoo} i know
{Threei} OMG
{magoo} thought leh was in trouble
{Threei} you are not going to believe this
{Threei} HEARING UPGRADED AT MERRILL LYNCH
{Chaeron} I so missed that one
{Threei} remember from a day ago
{Threei} LEH defended MER,
{Threei} I said now when MER defends LEH I'll have seen it all
{magoo} seems like conflict of interestthose two
{Threei} there you go, took just one day
{magoo} man that sux....nothing left to see anymore
{Threei} yes
{Threei} I am retreating to a cave
{dino} or maybe mer just bought aslot of leh at 28
{Threei} high up in mountains
{Threei} going to do intense navel-dazing
{Threei} gazing
{kazaam} hopefully that cave has wireless
{hawkfan4} 11:10 Hearing LEH upgraded 15 seconds after hawk sells it for a small loss
{Threei} no... I am going to order beer using smoke signals
{Threei} just one of those cases hawk... can just shrug
{hawkfan4} lol, i know, was unreal
{Roman} 21 out remaining WB +.52
{kazaam} wb
{Threei} there is even price target
{Threei} PRICE TARGET REMAINS $37
{Threei} so, I take it MER is not buyng LEH out
{Threei} STKL takes .50
{Threei} anyone is still in, offer into spike
{dino} ccoi
{Threei} out in full .60
{dino} ccoi sm l .00
{_rant} looking weak
{_rant} not much buying
{_rant} ok some buyin no
{_rant} now
{_rant} good entry 14.15 ?
{dino} lol
{_rant} :)
{dino} remember rant .6666\
{_rant} ?
{dino} my hit ratio
{_rant} ah nice
{dino} not all will work, play the odds
{_rant} what is your search criteria
{dino} whre too .75?
{_rant} sweet
{dino} i like 2 buck fast drops or pops
{_rant} .42 in no time
{magoo} your hit number is also the devils number..that concerns me
{dino} then go other way
{dptl} grabed+.27 ccoi ty dino
{magoo} see my hit number isn't ...it a solid .67
{Roman} 21 watching JASO for short on 20.25 breakdown
{dino} gj dp
{dino} perhaps i expect too much at .75
{dptl} well...you'll know after ....:)
{dino} :)
{magoo} sh rimm small here .20
{dino} sm last try kop s .38 risky, jumpy
{dptl} tibx?
{Threei} tough one dp... don't know
{dptl} ok ty
{Roman} 21 FRPT long setup, slow one
{Roman} 21 4.18
{dino} kop bstop is .56
{Threei} what's with HIMX?
{Chaeron} I see no news
{dino} nothing
{judijim} hello everyone
{Threei} jj :)
{magoo} out rimm 136 +.20
{Threei} morning was nice... stalled somewhat now but feeling is, market is alive and kicking
{dptl} grabed +.10 tibx
{magoo} morn JJ:)
{Threei} LEH
{Threei} REDUCES LEVERAGE TO 12.5X FROM 15X IN Q1
{Threei} LEH PR machine is hard at work
{Threei} I can see a head of PR department running through cubicles with whip in his hand, yelling "go go go, come up with next headline NOW"
{_rant} see FFIV
{dino} y, for me to gradual
{magoo} vad, thats same work environment dino places on magoo
{Threei} qhat's his subject of demand?
{magoo} yelling"win,win.,win
{Threei} bring beer?
{Roman} 21 CROX
{Roman} 21 spike with vol
{Roman} 21 looks like news
{dino} ever feel unappreciated
{_tangrick} cnbc on crox
{Roman} 21 thank u, i turned off CNBC
{_rant} lol
{_rant} bunch of crooks
{peterg} bunch of crox
{Threei} each time I see those crocs in thes tore, I have hard time believing this stock trades higher than $1 {G}
{hawkfan4} 11:46 CROX Crocs jumps to session highs after analyst from Al Frank on CNBC highlights co's valuation of 6x earnings (10.15 +0.27) -Update-
{kazaam} $10 stock for clown shoes
{peterg} Skechers has come out with competition rubber shoes with holes.
{Roman} 21 SQNM trying
{Threei} but what do I know, I am the guy who who can spell word fashion without looking it up in 10 different ways except the right one
{dino} i hear you vad, but my kids and wife have like 3 pairs each. i don't get it
{Threei} SQNM, I'd try it again at 9.11
{Threei} dino, I'd very tenpted to threaten them with disowning them
{Threei} if I wasn't so sure they would jump on the offer happily {G}
{dino} thats the problem, lol
{magoo} ashamed to admit..but i asked for a pair for fathers day
{Threei} dino... disown magoo
{dino} wonders never cease
{dino} thats it, magoo is buying the first round
{dino} vlcm strange
{Threei} first?
{Threei} I strognly suggest he buys all rounds
{magoo} and if IF i get them..i'll be displaying themn in the office on my feet
{dino} doh!
{Threei} we know it happened when dino's first words upon connection are "my eyes" insteaad of morning
{Threei} what do you know, CROX is climbing... lol
{Roman} 21 it's loaded with shorts
{magoo} crox makes jockey shorts lol
{esemde} Good morning all...just wanted to pop in for a few minutes to say high...had an early morning show ....
{Threei} morning ese
06* magoo slaps esemde around a bit with a large trout
{esemde} morning vad....we were at the convention center singing O Canada
{Threei} magoo has his specific style of greeting
{esemde} felt OK
{Threei} so early?
{magoo} show my first morning one vad
{Threei} is there any event today?
{esemde} yes....we get these calls once in a while to open up conventions
{Threei} [08:39] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{Threei} [08:40] {Threei} good morning to you too mags
{magoo} [08:40] {magoo} k,fhxfnkvhnfksjxvhjkfhvkx
{magoo} [08:41] {Threei} good morning to you too mags
{Threei} good to know world flocks to our cute town :)
{esemde} weirdly enough I think I understand that language Vadc
{Threei} that's very very disturbing ese
{esemde} whats the market look like
{Threei} strong and active
{esemde} hmmmmmm kinda up
{Threei} LEH is kicking rears and taking names
{esemde} 74 mil shs.....149 mil yesterday....
{Threei} 10.20 closest support CROX
{Threei} if looking to enter on pullback, here is the chance
{esemde} not I....too late to the party....no feel just yet
{dino} wtg es
{esemde} what did I do?
{dino} waiting to get feel, good sign
{esemde} tks
{_rant} any read on WNR ?
{_rant} down 10%
{Threei} bounce candidate with .15 long trigger
{dino} energy issue thats all
{Threei} stop under 14
{Threei} half lot, a bit volatile
{Threei} most likely just a scalp
{_rant} 73% short interest...
{_rant} upward trend on CHL
{esemde} WNR up 11 days almost....will take a few days to consolidate before making another move
{_rant} thx
{esemde} might be a scalp of some kind though as vad says
{_rant} will let it pass
{_rant} huge short interest
{_rant} all airline stocks are flying
{_rant} RJET
{dino} and they will all be in bankruptcy at years end
{esemde} short interest is reported twice monthly.....after 11 days up some of that has probably been used
{dino} w/respect, not really an issue for me
{esemde} how so dino......not usually my play either
{dino} kop bstop to .22 mkt waking
{_rant} ccoi is sleepin
{_rant} flat
{dino} imo in daytrading, less info is better
{esemde} true...
{_rant} well then u r just pure gambling
{peterg} Agree: as learner, am swamped with information, reading all Vad's opus
{dino} no mistake its all prbabilities the way i trade
{Threei} not at all rant
{dino} kop cov , +.15
{Threei} there is relevant information and there is information that just distracts you from what's really happening
{dino} but rant, i have an edge, so i play the probabilities of it
{Threei} as far as day trading is concerned, a lot of inromation circulating in the market chatter is largely irrelevant
{esemde} when you do this enough rant...you can get a feel for momentum in certain stocks
{dino} you must find you're own edge
{esemde} and the level 2 help tip that in your favor
{Threei} there are setups based on recognizable situations
{Threei} stemming from the idea that people's behavior obeys certain patterns
{Threei} etups simply exploit this basic concept
{esemde} for me those situations indicate buying and selling power
{_rant} true, but to play airline stocks today is based on the information that oil is falling
{_rant} without tht information..u r just gambling
{Threei} right
{Threei} no...
{_rant} the key is to filter the information
{dino} potatoe potato, your edge willshow the recognizable situation
{_rant} :)
{Threei} look at it this way
{Threei} you have certain working assumption
{magoo} OY
{magoo} lol
{Threei} in this case it's:
{Threei} oil drops, airline should benefit
{dino} recognizable pattern
{Threei} if you trade off this assumption alone, you ARE gambling
{Threei} but
{Threei} if you use this assumption as a reason to watch
{Threei} form your list
{Threei} and start hunting for the signs confirming your assumption
{Threei} you have a list of candiodates.
{dino} amed stop to .35\
{Threei} All that is left is to time your entries
{Threei} and that's where setups come in
{_rant} true
{_rant} do u setup exit price and stop loss at the time of entry ?
{esemde} news does create momentum for sure.rant just use setups for right entry
{dino} 1:1 basic goal rant, but i usually look for 1:1.5+ because of spikes/capits
{esemde} most of the time I do....but sometimes if I know the issue and the way it trades I'll give it wiggle room
{_rant} hmm
{_rant} coz i always end up changin them..
{dino} only change a stop to your benefit, as in tighten
{_rant} and screw up the trade sometime
{esemde} I agree with dino on that
{fernp} SQNM interesting
{dino} magoo, tell him what happens when you change a stop the wrong way
{magoo} huh?
{dino} it will hurt you!
{_rant} still in ccoi dino ?
{magoo} oh, it will?
{Chaeron} SQNM
{esemde} big time.......
{dino} break the rules you will pay
{esemde} very true.....i payed big time last summer.....huge hit one day because of stupidity
{dino} we've all been there
{dino} amed to .48
{dino} listen to vads' rules, then find your edge
{dptl} grabbed +.10 sqnm ty
{dino} gj
{dptl} ty
{fernp} also out SQNM +.10 TY
{Threei} :)
{Threei} rant
{Threei} look what I found, directly about the topic discussed
{Threei} GENEVA (AFP) - It doesn't pay to be smart and ignorance really is bliss if you want a long life -- at least if you're a fly, according to new research by a Swiss university.
{Threei} Scientists Tadeusz Kawecki and Joep Burger at the University of Lausanne said Wednesday they had discovered a "negative correlation between an improvement in a fly's mental capacity and its longevity".
{Threei} As part of their research project, the results of which are published in the journal Evolution, they divided into two a group of flies from the Basel region of northwestern Switzerland.
{Threei} One half was left in a natural state while the other had its intelligence boosted by Pavlovian methods, such as associating smell and taste with particular food or experiences.
{Threei} Over 30 to 40 generations, these methods led to flies which clearly learned better and remembered things for longer.
{Threei} The flipside was that the flies left in their natural state lived longer on average than their "cleverer" counterparts, with a lifespan of 80-85 days rather than the normal 50-60..
{Threei} "In other terms, the more the fly becomes intelligent, the shorter its lifespan," the scientists said.
{Threei} good boy SQNM
{_rant} swks short .92
{dptl} know less - live longer concept ?
{Threei} yup :)
{dptl} always work...even in fly's world
{dino} cme, nyx lod
{Threei} MOODY'S PLACES MBI AND ABK'S AAA RATINGS UNDER REVIEW FOR DOWNGRADE; MOODY'S SAYS THE MOST LIKELY OUTCOME OF THE REVIEW WILL BE A DOWNGRADE
{Threei} - Reflects credit profile may not be consistent with current rating given current business prospects
{Threei} - Notes that the IFS ratings for both ABK and MBI will likely fall within AA range, though its possible MBI will drop to single-A.
{Threei} sorry, late with this news
{dino} out amed .53, +.58
{dino} brb
{Threei} MBI shortable... maybe we get worthy bounce
{Threei} or .50 breakdown
{Threei} volume dries up as it nears 6
{Threei} IVAN
{Threei} CNBC'S GASPARINO REMARKS THAT SOURCES NOTE THAT LEH HAS NOT APPROACHED ANY SOURCES TO RAISE CAPITAL
{dino} coi stopped -.34
{dino} greed got me, should've trailed
{Threei} it's G,Gekko's fault
{magoo} why is that good LEH?does not need capital
{Threei} that's the idea
{magoo} hey, not as confused as i look
{esemde} have a great everyone...see ya tomorow
{Threei} take care ese
{esemde} see ya Vad
{dino} cya es
{Threei} MBI COMMENTS ON MOODY'S DECISION TO PLACE MBIA'S RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE
{Threei} - The specific ratings affected are the Aaa insurance financial strength ratings of MBIA Insurance Corporation ("MBIA" or the "Insurance Company") and its insurance affiliates, the Aa2 ratings of MBIA's Surplus Notes, and the Aa3 ratings of the junior obligations of the Insurance Company and the senior debt of MBIA Inc., each with a negative outlook.
{Threei} - CEO: "We disagree with Moody's decision today, When Moody's affirmed our rating with a negative outlook in February, we believed that it would refrain for six to 12 months from taking additional ratings actions unless the environment or MBIA's position changed materially.
{Threei} Since then, there have been no material adverse changes in the environment, and we believe our capital position has improved. Thus, we are surprised by both the timing and direction of this action and can only conclude that the requirements for a Triple-A rating continue to change.
{Threei} - There is no question about our ability to cover all policyholder claims, from a regulatory or any other standpoint. "
{_rant} mbi and abk are doomed
{Threei} - "we do not foresee any major additions to loss reserves unless the housing market performs significantly worse than our expectations."
{dino} netl
{kazaam} what kinda play is open on NETL?
{dino} euphoria
{dino} thinking short
{dino} break of .25 area imo
{dino} sm s .30 risky
{Threei} SQNM non-stop
{Threei} feels not done yet
{magoo} u suggest entry?
{Threei} if holding above .40, break...
{Threei} if loses it, tougher to tell
{Threei} it doesn't have clean support levels under .40
{magoo} any read LEH?
{Threei} nah
{Threei} SQNM broke
{magoo} in
{dino} josb
{Threei} REPORTS Q1 $0.53 V $0.46E, R$145.4M V $142.3ME, SSS +6.4% Y/Y
{_rant} yge
06* Threei slaps laserdave1 around a bit with a large trout
06* Chaeron slaps laserdave1 around a bit with a large trout
{Threei} ICAHN SENDS AN OPEN LETTER TO BOARD OF DIRECTORS, SEEKS TO REPLACE YANG AND CURRENT BOARD
{Threei} - Notes that the only way to preserve Yahoo is a combination with MSFT
{Threei} - Icahn asks the Board to take back the poison pill severance plan, noting that Yang went to great lengths to sabotage MSFT
{Chaeron} sqnm
{kazaam} to the moon
{magoo} out sQNM .74 nowTY vad
{magoo} +.25
{Threei} wtg
{Threei} noe, what does SQNm even do?
{Threei} lol
{dino} gj
{magoo} oil??
{Threei} to return to smart flies topic for a sec... with very vague idea of what field SQNM is in, did it prevent us from finding it and profiting from it?
{kazaam} that is kinda one aspect of such active trading that i have to adapt to because i am so familar with watching one e-mini or one currency
{dino} v sm l ma .23
{Threei} this is not much different kazaam, if you adopt this view:
{Threei} we do not trade companies,
{Threei} we trade people.
{Threei} Their reactions
{Threei} patterns they display
{Threei} With this angle, it's all the same
{Threei} if you look at SQNM, you will see a big gapper,
{Threei} that consolidated for a while, then continued its run against all odds
{Threei} Now, ask long time room members
{Threei} how many times we saw and utilized this pattern
{Threei} even magoo who has serious case of alzheimers will tell you
{Threei} that he manages to remember about it when he sees big gapper
{Threei} It's all about seeing recognizable situation and applying the algortythm you have for it
{kazaam} i think ones i learn the basic patterns this room follows I will be alittle more comfortable
{kazaam} so much information
{Threei} sure, and trust me, they are very easy to identify
{kazaam} i am used to 1 chart, 2 patterns, trade
{Threei} ABK
{Threei} RESPONDS TO MOODY'S COMMENTS
{Threei} scond round of self-applauding
{Threei} DISAPPOINTED IN DECISION, REAFFIRMS HAS NO ADDITIONAL PLANS TO RAISE CAPITAL
{Threei} - disappointed by the Moody's announcement, particularly in light of the significant progress we have made to strengthen our capital position and refocus our business. Since March, we have raised $1.5 billion of capital bringing our claims paying resources, as calculated by Moody's, to approximately $15.3 billion; an amount which we believe satisfies Moody's target Aaa capital requirements as of March 31, 2008.
{Threei} - anticipating a $500 million capital cushion by the end of the second quarter
{Threei} - will continue to work aggressively to monitor and manage our portfolio and optimize capital allocation for the benefit of our shareholders and clients. The Board and management continue to explore all strategic alternatives and remain confident of the strong business value embedded within our enterprise.
{Threei} - CEO: Outside the mortgage-related exposures, the remainder of our portfolio is performing well, and in line with our expectations. We have presented Moody's with concrete near-term plans to deploy our people and expertise in the municipal market via our already-licensed, Connie Lee vehicle.
{Threei} in other words, two nice and fuzzy sheep are being harrassed by big bad moody
{magoo} so what does SQNM do?
{Threei} makes money for us
{Threei} good enough for an answer?
{Threei} oil 122.5?
{Chaeron} SQNM - Sequenom Inc., genetic analysis products
{Threei} hah
{Threei} I would haven been happy to say I contributed to genetic research today... but having sold I rpobably can't brag about it, can I?
{_rant} qid
{_rant} .93
{magoo} daily 2:30 smack down
{kazaam} did this room at one time only trade Nasdaq?
{Threei} yes
{Threei} we started adding listed stocks with ECN introduction on NYSE and AMEX
{Threei} that made executions as sure and lightening as on NASDAQ
{Chaeron} now we even trade porkbellies... Threei's favorite - bacon :)
{Threei} I have hard time trading it though
{Threei} I eat what I buy
{Threei} which is not very profitable
{kazaam} heh
{Threei} you should see some NYSE executions before ECN time
{Threei} instead of immediate fill once you click, time goes, nothing happens,
{Threei} then you either get your fill if stock moved against you
{Threei} or left out in the cold if it moved in your favor
{Threei} and when you click Cancel, they think for a while
{Threei} before granting you your wish
{Threei} Interestingly enough, when first talks surfaced about diluting specialist system with ECXNs and direct electornic executions
{Threei} specialists were up in arms
{Threei} I opined back then that in couple years they will be like dinosaurs
{kazaam} i didnt know execution was the reason for trading Nq only stocks, is NYSE mostly ECN execution now? or only a minority of issues?
{Threei} most of them
{Threei} everything I watch is infested with ECNs like Winnipeg with mosquitos
{Threei} that was major reason... electronic fill, garanteed if there are shares at your price on NASDAQ
{Threei} vs live specialist than gets your order
{Threei} and thinks whether he wants to give your shares to you or not
{Threei} TASR
{Threei} ARIZONA SUPREME COURT DENIES PETITION FOR REVIEW IN PRODUCT LIABILITY CASE AGAINST TASR
{Threei} - The Supreme Court's action lets stand a Court of Appeals decision to uphold a Maricopa County Superior Court jury's verdict in favor of TASER International in a product liability lawsuit brought forth by the former Maricopa County Sheriff's deputy.
{dino} netl stopped -.24
{dino} nyx l .20, stop .88
{_rant} r u short or long
{Threei} l = long
{_rant} ah
{Threei} dino speaks in codes
{Threei} and says if you don't understand me you are not worthy
{dino} llol
{Threei} I tried his approach by telling my wife it was not her business (she asked what I wanted for dinner)
{Threei} didn't really work out very well
{Threei} FED'S BERNANKE: INFLATION SIGNIFICANTLY HIGHER THAN WHAT THE FED WANTS, LONGER TERM INFLATION EXPECTATIONS RISING; PRICE STABILITY IS TOP PRIORITY FOR FED
{Threei} - Sees some echoes of 1970s, but repeat of wage-price spiral is unlikely
{Threei} - Notes that US has 'serious' oil shock, rising food, subpar growth
{Threei} - Remarks that the Fed is responsible for stable prices over medium term, large decline in economy's energy intensity helps reduce shock of higher prices
{dino} back in 15
{Threei} let's translate this:
{Threei} large decline in economy's energy intensity helps reduce shock of higher prices
{Threei} losing manufacturing jobs to overseas is a good thing, we need less energy
{Threei} why not go all the way and says, grounding airlines and putting cars on driveways is even better
{kazaam} are there any other stocks like RIMM that are traded very actively with decent volitility?
{magoo} like aapl
{Threei} RIMM and AAPL are permanent residents
{Threei} sometimes others added when some event gives them a puish
{kazaam} so LEH would be an example of that?
{Threei} SNDK often moves nicely, although range is less
{Threei} yes, totally
{Threei} KLAC often moves nicely
{Threei} BRCM and NVDA used to, we played them often
{Threei} not so much these days
{kazaam} yeah, back when i was trading WIZETRADE, i was losing money on NVDA and BRCOM
{Threei} woohooo
{Threei} green light red light!
{Threei} what a ripoff
{kazaam} hah, yep, thats how i got started, lost 1000 bucks and said no more
{Threei} in a few days, when you get your package
{Threei} in MPP you will see detailed explanation why it could never work
{dino} nyx stopped -.33
{kazaam} will be interesting to read about that, i coded some systems in Tradestation (not profitable systems) and I started to see exactly why it can't work
{dino} onxx l .00
{Threei} mildly interested in ZIXI
{Threei} nice break of 3 and nice move after, don't want to chase
{Threei} but if pulls back closer to 3, will consider
{dino} .02 too close nyx
{Threei} try to guess what MBI CEO could say
{Threei} right:
{Threei} CEO: NOT SEEKING TO RAISE CAPITAL AT THE MOMENT, CAN NOT RAISE CAPITAL WITH FULL KNOWLEDGE OF MOODY'S GUIDELINES
{Threei} LEH
{Threei} US OFFICIAL: FED AND SEC ARE IN DAILY CONTACT WITH LEHMAN
{Threei} why, if everything is so hunaky-dory?
{magoo} now is that to be interpretted "goood"
{Threei} I would classify it as worrisome
{Threei} but then again, I am a worry-wart: having less than 2 packages of bacon in the fridge is worrisome for me
{Chaeron} stock the freezer... it' keeps forever
{peterg} Hormel Microwaveable bacon!
{kazaam} i gotta jet early, see everybody tomorrow, adios!
{Chaeron} bye kaz
{Threei} take care kazaam
{magoo} bye kaz
{dino} later kazzer
{dino} kop s .92 stop .03
{dino} out onxx .08, +.08
{Threei} conflicted about ZIXI
{Threei} held 3.10
{Threei} tagged high again
{Threei} everything looks fine... I just am not sure I want to take it overnight
{Threei} probably let's just watch it tomorrow for another chance
{Threei} also, VVUS
{Chaeron} I like saying the name :) ZIXI.....
{Threei} hehe
{Threei} if finishes and opens about here, will be inetrested in 7.10 break
{Threei} trailing QTWW stop for the balance to .55
{dptl} have a good evening all....ty ..good day:)
{Threei} whew
{Threei} I was afraid I had to send dp a box of tissues
{Threei} and I hate waste money on tissues when there is a perfect solution in a form of sleeve
{dptl} lol...big boys never cry
{Threei} no??
{Threei} I gotta stop then
{dptl} :)
{dino} later dp
{Threei} Ok guys, thank you all
{Threei} have a good evening, see you tomorrow
{magoo} ty vad
{dino} cya
{Chaeron} 7.10 hitting on VVUS... wait for manana?
{dino} stop kop .99, -.07
{dino} thats all, thanks
Wednesday, June 4, 2008
Tuesday, June 3, 2008
Jun 03 2008
Session Time: Tue Jun 03 00:00:00 2008
[08:20] {Threei} LEH
[08:20] {Threei} COMPANY MULLING CAPITAL RASING AS A ONLY ONE OF SEVERAL OPTION
[08:20] {Threei} is bankruptsy another option?
[08:20] {Threei} oh I forgot... no such thing, fed to rescue
[08:20] {Threei} anyway... good morning
[08:21] {Threei} Good morning QTWW
[08:43] {cosmo} LRXX
[08:44] {cosmo} LXRX
[08:44] {cosmo} 2.50 so far
[08:44] {Threei} 06:30am [LXRX] Drug candidate for Carcinoid Syndrome, LX1032, receives Fast Track Status From the FDA
[08:45] {Threei} 2.5 important resistance to break on daily
[08:45] {magoo} morning
[08:45] {magoo} HEY, i did not need alternate server today
[08:45] {Threei} hi mags
[08:46] {Threei} yes, worked yesterday to fix the issue
[08:46] {Threei} found workaround to stop depending on chat host
[08:46] {Threei} well... don't take it as "I" found it... my tech knowledge is equal to one the cow possesses in ballet
[08:47] {Threei} but I managed the specialists :)
[08:48] {Threei} gotta make a decision on QTWW... sell the gap or try and hold for a swing
[08:48] {Threei} daily is ideal... each red bar day is on lower volume, each green is on higher
[08:49] {Threei} and still climbing slowly, no euphoric spike
[08:49] {magoo} wheres your entry?
[08:49] {Threei} 2.54
[08:50] {magoo} now ill tell u what u would tell me..."partial" lol
[08:51] {Threei} hmmm
[08:51] {Threei} what a novel concept
[08:51] {Threei} thank you :)
[08:52] {Threei} seeing how it goes through red-green days, it's tempting to sell into this gap and wait for a red day to re-enter,
[08:52] {Threei} but that also carries a chance of missing euphoric day
[08:52] {Threei} so I guess partial is da solution
[08:52] {Threei} it spikes, I ride on the balance,
[08:52] {Threei} it retreats, I re-buy sold half
[08:55] {Threei} now, ROYL gap I hate
[08:55] {magoo} he he,dcc quick
[08:56] {Threei} don't tell me you held it
[08:56] {Threei} I'll burst of envy
[09:01] {Threei} sold half at .74, +.20
[09:01] {Threei} 1.5K left
[09:01] {dptl} good morning all
[09:01] {Threei} dp :)
[09:05] {fernp} good morning all
[09:05] {Threei} fern :)
[09:07] {pita} gm everyone
[09:07] {Threei} pita :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {Threei} everyone gets in fine via main server today?
[09:11] {patience} gm RT, and thank you Vad, logged in great this morning
[09:11] {Threei} :)
[09:11] {Threei} hopefully this issue is put to rest
[09:11] {dino} sell the gap, i just did w/ipi from yesterday +.55
[09:12] {Threei} keep that address for reserve one handy
[09:12] {dino} livermore- take the gift
[09:12] {Threei} really :)
[09:12] {Threei} wtg
[09:12] {dino} :)
[09:12] {Threei} as far as I can tell, relocation to new hosting went smoothly
[09:13] {magoo} whatr the f is big ben saying on cnbc?
[09:13] {Threei} but if you run into broken links, missing images etc, please let me know
[09:13] {dino} nothing really
[09:13] {_Kazaam} dollar reacted well
[09:13] {_Kazaam} good morning
[09:14] {Threei} morning kazaam
[09:14] {Threei} IMF'S STRAUSS-KAHN: IT IS TOO SOON TO TELL IF SUB-PRIME CRISIS HAS PASSED, BUT THE BIGGEST PART OF THE FINANCIAL CRISIS IS BEHIND US
- Sees a credit squeeze in Europe, not a credit crunch.
[09:14] {Threei} - Does not see any more oil price increases
[09:14] {Threei} what did ben say?
[09:16] {Threei} US) FED CHAIRMAN BERNANKE: CONFIDENT DOLLAR WILL REMAIN ''STRONG AND STABLE''
- Fed is attentive to implication for dollar slide, dollar has contributed to the inflation and inflation expectations
[09:16] {Threei} - Dollar slide has contributed to unwelcome rise in import prices and inflation
[09:16] {Threei} - Says will make policy to guard against risks to growth and inflation and commitment to dual mandate will be key to ensuring dollar remains a strong and stable currency
[09:16] {Threei} - Notes that until housing stabilizes growth risks will remain to the downside
[09:16] {Threei} - Financial markets have improved but conditions remain strained and credit generally tight, expects strengthening of capital and liquidity regulations and greater disclosure requirements
[09:16] {Threei} - Inflation is high but pass though of costs to labor and products has been limited
[09:17] {Threei} dual mandate?
[09:17] {Threei} this makes me uneasy
[09:17] {Threei} feds mandate was to control inflation
[09:17] {Threei} (and we all know what a great job they did, right?)
[09:18] {Threei} if they widen mandate to keep economy strong as well, I am afraid they might do just a good job in that direction as well
[09:18] {magoo} is he qualified..seriously?
[09:18] {Threei} for what?
[09:19] {Threei} movie rankings?
[09:20] {esemde} good morning...it worked Vad...the alternate log in....tks
[09:20] {Threei} ji ese
[09:20] {Threei} hi :)
[09:20] {Threei} but we fixed main server
[09:21] {esemde} ha ha ha ha.........too funny
[09:21] {Threei} sorry :)
[09:21] {Threei} but hey, keep that one handy
[09:21] {Threei} who knows what gets broken tomorrow
[09:22] {Threei} I have unquestionable ability to break all things technology
[09:23] {_osbo} hi
[09:23] {Threei} osbo :)
[09:24] {esemde} osbo...welcome
[09:24] {dino} to the jungle
[09:27] {Threei} USD up, oil down
[09:27] {Threei} what else can one want for breakfast
[09:29] {dino} 2 eggs, bacon, and home fries w/toast
[09:29] {Threei} well... eggs and bacon
[09:29] {Threei} :)
[09:29] {Threei} no fries for me
[09:29] {dino} actually having planters peanuts
[09:31] {magoo} MA news vad?
[09:32] {Threei} 08:26am [MA] Price Target raised to $367 from $312 at Stifel; Maintains buy rating
[09:32] {magoo} so drops 7?
[09:33] {Threei} ROYL... grr
[09:33] {Threei} it's just its natural volatility mags... consider it a downtick :)
[09:34] {magoo} ROYL 10 comith
[09:34] {Threei} 05:46am [AUXL] XIAFLEX meets primary endpoint with statistical significance in CORD I pivotal Phase III study for Dupuytren's Contracturw
[09:34] {Threei} not fresh
[09:35] {Threei} GEORGE SOROS REITERATES THAT RECENT PRICE RISE IN COMMODITIES HAVE SIGNS OF A BUBBLE
[09:35] {Threei} you don't say
[09:36] {esemde} any commodity in particular....OIL maybe?
[09:36] {Threei} LEH
[09:36] {Threei} looking for short entry
[09:37] {Threei} 32.90 breakdown level
[09:37] {Threei} I'd like closer to resistance though
[09:37] {Threei} aggrwessive entry around .35
[09:38] {Threei} first weakness from here
[09:40] {Threei} in, stop above .85
[09:40] {Threei} got .63
[09:42] {_rant} SEED ?
[09:42] {_rant} down 10%
[09:42] {Threei} forget it
[09:42] {Threei} bs stock
[09:42] {_rant} ok :)
[09:42] {Threei} stop to .76 LEH
[09:43] {Threei} half out
[09:43] {Threei} +.21
[09:43] {Threei} stop to .71
[09:44] {dino} mvsn?
[09:44] {Threei} nothing fresh
[09:45] {Threei} out balance LEH
[09:45] {Threei} not sure what it's going to do from here
[09:45] {Threei} chart becomes looking more like bounce
[09:46] {Threei} oh well
[09:46] {Threei} next
[09:47] {esemde} L GRMN 51.99 1/2 lot
[09:47] {dino} arex
[09:48] {esemde} grmn bouncing all over the place
[09:48] {Threei} can I have my LEH back?
[09:48] {Threei} ABC NEWS: IRAN SAYS TO PURSUE ATOMIC DRIVE DESPITE TRADE OFFER
[09:48] {esemde} out grmn .27
[09:49] {esemde} +.28
[09:49] {Threei} wtg
[09:49] {esemde} dangerous one that one
[09:50] {dino} mvsn sm l .45 ave
[09:50] {fernp} out JBL +.23
[09:50] {Threei} ACOR
[09:50] {Threei} .15 small shares long
[09:50] {Threei} if stays above .90
[09:51] {dino} kndl
[09:52] {dino} gj fernp
[09:52] {esemde} ACOR 1/2 lot .90 ...i'm with ya Vad
[09:52] {Threei} too aggressive
[09:52] {esemde} stopped Acor.......that was fast
[09:52] {esemde} yep
[09:53] {esemde} live and learn
[09:53] {Roman} 21 EMKR radar
[09:54] {Roman} 21 JRJCtaking small
[09:54] {Roman} 21 very risky, wide stop
[09:54] {Roman} 21 24.20
[09:55] {dino} kndl sm s .50 stop .84
[09:56] {magoo} aCOR invalidated vad?
[09:56] {Roman} 21 OMNI
[09:56] {Roman} 21 long off 6
[09:56] {Threei} of course
[09:56] {fernp} out S +.10 scalp is scalp
[09:58] {dino} gj
[09:58] {Threei} LEH, another short here with stop above 33.10
[09:59] {Roman} 21 EMKR long setup
[09:59] {Roman} 21 in
[10:00] {Roman} 21 8.14 1/2
[10:00] {Threei} APRIL FACTORY ORDERS: 1.1% V -0.1%E- prior revised from 1.3% to 1.5%
[10:00] {dino} all is well then
[10:00] {Threei} yup
[10:00] {Roman} 21 long WB
[10:01] {Roman} 21 22.85
[10:01] {Roman} 21 market recovery may help
[10:01] {fernp} out QQQQ +.15
[10:01] {dino} de sm l .50
[10:02] {Threei} new low LEH
[10:03] {Threei} half out .55
[10:03] {Roman} 21 out 1/2 OMNI +28
[10:03] {Threei} +.34
[10:03] {Threei} out in full
[10:03] {Threei} got .38 on exit
[10:03] {Threei} .89 - .38...
[10:04] {Threei} my math abilities are not too good
[10:04] {magoo} .68 vad
[10:04] {fernp} out 1/2 IPG +.10
[10:04] {Threei} wow... what a bounce
[10:05] {dino} kndl spread gonna get me
[10:05] {Threei} anyone did LEH?
[10:05] {magoo} missed it
[10:06] {Threei} QTWW, my little cutie
[10:06] {Roman} 21 out 1/2 WB +.25
[10:06] {Threei} nice Roman
[10:06] {pita} +.26 ty
[10:07] {Threei} on what pita?
[10:07] {pita} leh
[10:07] {Threei} :)
[10:07] {pita} sm shares only
[10:07] {Threei} yeah, thing is volatile
[10:07] {Roman} 21 long CPSL small
[10:07] {Roman} 21 5.53
[10:08] {Roman} 21 ctdc
[10:08] {Threei} but... remember Geo's trade when I called BSC short at 50?
[10:08] {Threei} his comment was "never saw that much money made on 100 shares" lol
[10:08] {Threei} btw, Geo on one month leave, asked to say hello to you
[10:09] {Threei} wow OMNI
[10:09] {Threei} hitting them just right Roman
[10:10] {Roman} 21 BCON
[10:11] {dino} out de .98, +.48
[10:12] {Chaeron} good morning everyone
[10:12] {Threei} chaeron :)
[10:13] {dino} mvsn stop to .49
[10:13] {dino} gm chaer
[10:14] {Chaeron} heya 3i, dino
[10:14] {Threei} remember we picked LEH as main short target for today vs MER?
[10:14] {Threei} look at both
[10:14] {Threei} LEH down over a buck
[10:14] {Threei} MER merely 30+cents
[10:14] {dino} sohu
[10:15] {dino} cgrb
[10:17] {dino} arex s .61 sm
[10:18] {Threei} dp, look dcc please
[10:18] {Threei} FEED holding well
[10:18] {Threei} .90 half lot long if stays above .75
[10:19] {dino} arex stopped .88 -.27
[10:20] {Threei} XIDE .41 long half lot
[10:22] {Threei} stop under .30
[10:23] {Threei} ese, look dcc please
[10:26] {Threei} ASIA
[10:26] {Threei} break of .20 long
[10:27] {Threei} stop under 14
[10:30] {Threei} HEARING STRENGTH ATTRIBUTED TO RUMOR THAT DRIV HAS DROPPED OUT OF CONFERENCE
[10:30] {Threei} huh?
[10:30] {Threei} someone is totally desperate wbout coming up with explanations
[10:31] {Threei} LEH is bottomless
[10:31] {Threei} asia
[10:31] {Threei} market pullback held it back, let's see is it ramps up with bounce
[10:32] {pita} in asia
[10:34] {Threei} OMNI new high... still in Roman?
[10:34] {Roman} 21 yes, still got 1/2
[10:35] {Threei} nice
[10:35] {Roman} 21 still in JRJC
[10:35] {Roman} 21 GEOI
[10:35] {Roman} 21 nothing
[10:36] {dptl} stopped xide
[10:36] {Roman} 21 COIN bouncing today
[10:39] {Threei} why did I ever bother to cover LEH?
[10:40] {dino} hrs sm l .42
[10:41] {judijim} hello everyone, good morning
[10:42] {Threei} jj :)
[10:42] {Chaeron} hijj
[10:43] {magoo} jj:)
[10:47] {fernp} ORCL
[10:51] {Threei} HILLARY CLINTON ACKNOWLEDGE TONIGHT THAT OBAMA HAS NOMINATION - SOURCES
[10:53] {fernp} out 1/2 ORCL +.20
[10:56] {Chaeron} watch Obama ask Clinton for VP slot... and I don't mean Hillary... :)
[10:57] {Threei} I can't find words powerful enough to express my awe and admiration for QTWW
[10:57] {Chaeron} geeesh... get a room...
[10:58] {Threei} you are just envious
[10:59] {Threei} of our great mutual love
[10:59] {fernp} out ORCL +.30
[10:59] {Threei} wtg
[10:59] {Threei} that was fine setup fern
[10:59] {Roman} 21 out remaining OMNI +.72
[10:59] {Threei} looked when you mentioned it
[11:00] {Chaeron} happy for you both... now can ASIA find some love?
[11:00] {Threei} that's simply indecent Roman
[11:00] {fernp} easy to read
[11:00] {Chaeron} Nice one Roman!
[11:00] {dino} gj
[11:00] {Threei} who makes 72 cents on $6 stock?
[11:01] {Roman} 21 thanks
[11:01] {dino} rfr does
[11:04] {Threei} FED CHAIRMAN BERNANKE: REMAINS SKEPTICAL OF THE ABILITY OF CENTRAL BANKS TO PRICK ASSET BUBBLES, NEED TO EXAMINE HOW CENTRAL BANKS RESPOND TO BUBBLES
- Banks can potentially use supervision, regulation to address asset bubbles, brokers, banks must be prepared for strains, it is necessary to ensure that all systemically important financial firms buffered against shocks, Fed direct interaction with banks is key to adequate oversight.
[11:04] {Threei} - Says that much of the USD drop since 2002 has been unwinding of past gain
[11:04] {Threei} this unwinding is part of the process of restoring the global trade balance.
[11:04] {Threei} - Weakening of the USD has had some inflationary impact, a modest commodity price impact.
[11:04] {Threei} - Supply and demand factors are the most important components of commodity prices.
[11:04] {Threei} - The rise in commodity prices are a major shock to inflation and consumer purchasing power
[11:11] {Roman} 21 out 1/2 CPSL +.30
[11:11] {Roman} 21 out JRJC -.31
[11:11] {Threei} finally
[11:11] {Threei} now we know Roman is human
[11:12] {Roman} 21 thanks, by the way, i love the video interview on your home page vad
[11:12] {Roman} 21 when was that taken?
[11:12] {Threei} in vegas
[11:12] {Threei} same year we met there
[11:12] {magoo} roman interwiew?
[11:13] {Threei} and you scared the heck out of me when almost strangled me as I tried to take your custard
[11:14] {Threei} no mags, mine
[11:15] {Threei} Roman's interview was scheduled but never posted... they thought "don't touch my custard if you want to see the light of the next day" was a bit too short
[11:16] {Roman} 21 :)
[11:16] {Threei} and he refused to talk about anything elose, saying "this is my only message to the world and future generations"
[11:16] {magoo} :)
[11:18] {Threei} jeez ASIA, what's your problem
[11:18] {Threei} go already
[11:19] {Threei} just so you know... roman's love for custard is exceeded or matched only by my love for bacon... and trying to take it from him is as risky as holding 10K of GOOG overnight
[11:19] {dino} you guys are making me hungry
[11:20] {esemde} signing off see you all tomorrow
[11:20] {Threei} take care ese
[11:20] {magoo} really..i have a lunch craving for a BLT sandwiche, xtra bacon
[11:20] {dino} cya es
[11:36] {Threei} S&P: LEH DOES NOT HAVE A CAPITAL ISSUE 'AT THIS TIME', UNDERSTAND LEH IS LOOKING TO RAISE MORE CAPITAL
[11:36] {Roman} 21 VLNC picking up some steam
[11:36] {Threei} yeah, looking at it for a few days, can't make up my mind about it
[11:37] {Threei} wow COIN
[11:37] {Threei} what's up
[11:37] {Roman} 21 just a bounce IMO
[11:37] {Threei} US TREASURY: BERNANKE AND PAULSON ARE COMMITTED TO POLICIES FOR PROPERLY FUNCTIONING MARKETS AND ECONOMY - SPOKESPERSON
[11:38] {dptl} nvtl?
[11:38] {Threei} oh good... I was afraid they were looking to implement improper policies
[11:38] {Threei} probably worth a try for scalp at .83, dp
[11:39] {dptl} ok ty
[11:42] {dino} gymb'
[11:44] {Threei} LEH
[11:44] {Threei} painsd me to say... but break of .50 priobably a long scalp
[11:48] {Threei} if holding above .35
[11:56] {Threei} 1;1
[11:56] {dino} dgly
[11:58] {Threei} anyone did LEH on break?
[11:59] {dptl} me +.19 ty
[11:59] {magoo} sorry to report..i missed all 3 of your LEH today
[11:59] {Threei} CLINTON CAMPAIGN CHAIRMAN DISPUTES REPORTS OF CLINTON CONCESSION OF DEMOCRATIC NOMINATION TUESDAY , NOTES RECENT REPORTS AS INCORRECT
[12:00] {Threei} PREVIEW: MAY US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
DRAFT
[12:00] {Threei} **consensus estimates:
[12:00] {Threei} - Ford: -17.5%e adjusted basis (usually released at Noon ET).
[12:00] {Threei} - GM: -23%e adjusted basis (usually released around 1:45pmET).
[12:00] {Threei} - May 2008 had 27 selling days, one more than May 2007. On an unadjusted basis, the estimates above would be higher by about 4%
[12:00] {Threei} is it ugly or what
[12:00] {dino} indeed
[12:01] {Threei} Ford
[12:01] {Threei} TOTAL VEHICLE SALES DOWN 16% FOR MAY, AFFIRMS Q2 AND Q3 PRODUCTION TARGETS
[12:07] {pita} later guys
[12:09] {Threei} take care pita
[12:11] {dino} plce
[12:22] {dino} mvsn out .82 +.37
[12:27] {Threei} LEH, same setup again
[12:27] {Threei} .50 break
[12:28] {magoo} if this is only one i try..it is certain to fail :(
[12:29] {dino} plce sm l .68
[12:34] {Chaeron} LEH has to hold .30?
[12:34] {Threei} .30 -.35 area
[12:34] {Chaeron} thx
[12:37] {Chaeron} in
[12:37] {Chaeron} .51
[12:39] {Threei} DAI REPORTS MERCEDES-BENZ CAR SALES UP 12% IN THE US IN MAY
[12:39] {Threei} NSANY REPORTS MAY US NISSAN AND INFINITI BRAND SALES UP 4.4%
[12:43] {Threei} don't you hate ACOR
[12:43] {Threei} no clean entry on either breakout or pullback
[12:50] {dino} stop/covkndl .69 -.19
[12:51] {Roman} 21 NCOC long
[12:51] {Roman} 21 small
[12:51] {Roman} 21 7.82
[12:55] {dptl} stopped leh
[12:55] {Threei} yeah
[12:56] {dino} plce stop to b/e
[12:58] {dptl} ah ....just can't win these days...taking a break
[12:58] {Threei} hmmm
[12:58] {Threei} 4 calls on LEH
[12:58] {Threei} 3 winners, 1 stop
[12:58] {dptl} only did 2
[12:58] {Threei} if that qualifies as "can't win"...
[12:58] {dptl} i did some other trades
[13:00] {dino} shake it off dp, we all go through slumps
[13:00] {dino} remember, good trading is not about being right, it's about trading right
[13:01] {dino} gymb taunting me
[13:01] {Chaeron} back... stopped on LEH - sorry Vad
[13:04] {magoo} [12:29] {magoo} if this is only one i try..it is certain to fail :(
[13:04] {Threei} yuo guys are full of optimism
[13:04] {Threei} I am leaving for Tibet cave
[13:04] {Threei} for 3 years
[13:05] {Threei} this is how long it's going to take to shake off this outlook
[13:06] {dino} hmmm (dino not in that group)
[13:06] {Threei} no
[13:06] {Threei} it's like you expect yourself to lose
[13:06] {dino} cme
[13:06] {Threei} ever seen anyone winning while being already resigned?
[13:07] {dino} i must agree w/you
[13:09] {Threei} CFTC: WITHDRAWING PROPOSALS TO BOOST SPECULATIVE LIMITS ON CERTAIN AGRICULTURAL FUTURES
- Notes it will ask for more information from swaps dealers and index traders.
[13:09] {Threei} - Planning a monthly publication of trader information regarding agricultural markets starting in July.
[13:10] {dino} good
[13:17] {dino} plce stop to .94
[13:19] {Threei} ABK CEO: FIRM HAS NO LIQUIDITY WORRIES - TV INTERVIEW
[13:19] {dino} to .08
[13:20] {dino} out .18 +.50
[13:20] {dino} abk sounds familiar, same speach in march
[13:21] {Threei} and same as BSC couple days before demise {G}
[13:22] {Threei} oil losing 125
[13:22] {dino} yes, leh similar too
[13:22] {Threei} UAUA moved a bit today
[13:23] {Threei} DAL too
[13:23] {Threei} and NWA
[13:23] {Threei} airlines benefit from oil dump
[13:24] {dino} going to need a much bigger oil dump for them to stay out of chapter 11
[13:24] {Threei} true
[13:24] {dino} where does cme bottom, -130+ points in a month
[13:25] {dino} to 350 strike perhaps
[13:25] {Threei} OBAMA GAINS THE DEMOCRATIC NOMINATION, ACCORDING TO AP DELEGATE COUNT
[13:26] {magoo} where i short it dino
[13:27] {dino} cme?
[13:29] {dino} my original call last week was 400, now 350 by expiration, but today, imo, the safer play is long after this 25 pt drop from 10:00 am
[13:32] {dino} hrs stopped -.42
[13:32] {Threei} what just happened?
[13:32] {Threei} I see no news for this dump
[13:33] {fernp} what had happened?
[13:33] {Roman} 21 maybe its the OBAMA NEWS
[13:34] {cosmo} they find obama?
[13:34] {cosmo} oops
[13:34] {Threei} wierd
[13:34] {Threei} it's not like it's an unexpected news
[13:35] {fernp} nothing in briefing.com
[13:35] {Threei} and it's not like he is already a president
[13:36] {dino} it's the obama/hillary ticket scaring the sh#t out of markets
[13:40] {dino} breaking yesterdays lod
[13:40] {dino} dji
[13:41] {Chaeron} was the market thinking that they were going to release the alledged Michelle tape and Hillary would get the nom?
[13:42] {_rant} 10:41] {_rant} what made the mkt tank
[13:42] {_rant} [10:41] {_rant} was away for 30 mins
[13:42] {_rant} [10:41] {_rant} and red everywhere
[13:42] {dino} market is thinking much higher taxes coming next year, capital gains to 28% for starters
[13:43] {Threei} our current guess is, Obama winning nimonation, rant
[13:43] {dino} of course, it could just all be magoos' fault
[13:43] {Chaeron} would we had rallied if Senator clinton won?
[13:44] {Threei} good question Chaeron
[13:45] {dino} either way, not market friendly imo
[13:46] {dino} but....obama showing weakness considering hillary. we know she would not have choosen him
[13:49] {Threei} I don't know what to make of this selloff
[13:49] {Threei} staying on a sideline
[13:49] {Roman} 21 6.2 quake shakes Solomon Isles; no tsunami warning issued - DJ
[13:49] {dino} waiting for ipi around 47.30s
[13:50] {Chaeron} I still think that he should ask Bill to be the VP... He'd accept, just out of ego, even in the face of his his wife losing the nom...and it would be a love fest for the party lol
[13:52] {dino} can he, constitutionally, be pres. again?
[13:52] {dino} vp could end up pres.
[13:55] {Threei} look at LEH
[13:56] {fernp} OIL and market falling
[13:56] {Threei} yes
[13:56] {Threei} HEARING NEGATIVE CHATTER CIRCULATING IN LEHMAN; CHATTER LEHMAN ACCESSING THE FED DISCOUNT WINDOW
[13:56] {Threei} uh oh
[13:56] {dino} bsc all over
[13:58] {fernp} Banking index -BKX- breaks under its 5-yr low
[13:59] {_rant} any read on WFR ?
[13:59] {_rant} its just dropping
[13:59] {Threei} no
[13:59] {Threei} stay away
[14:00] {Threei} in this market you can lose your shirt in a blink of eye
[14:00] {_rant} crap...already in
[14:00] {_rant} ya...
[14:00] {_rant} money evaporating...
[14:00] {Threei} in where, long, short?
[14:01] {_rant} long
[14:01] {_rant} at 65.5
[14:01] {_rant} sucks..
[14:01] {Threei} wow
[14:01] {Threei} why no stop??
[14:01] {_rant} dumb move..
[14:02] {_rant} now lickin my wounds
[14:02] {Threei} ok... trading without stops is surefire way to disaster
[14:02] {_rant} yes it is..
[14:02] {Threei} a lot of people checked it for themselves
[14:02] {Threei} why do you need to join them?
[14:03] {_rant} was getting stopped out..just to see it reverse
[14:04] {Threei} I don't understand
[14:04] {Threei} there is a stop level for any setup
[14:04] {Threei} it's hit, you are out
[14:05] {_rant} broke my own rule...deserve to lose money
[14:07] {Threei} IMO, this market selloff is LEH, not Obama
[14:07] {dino} agree, bit of panic in brokers
[14:07] {dino} but, let's blame the politicians anyway
[14:07] {Chaeron} LKEH shorted itself... they'll be fine
[14:07] {Chaeron} LEH
[14:08] {Threei} lol
[14:08] {Threei} I am really interested how it's going to unfold
[14:08] {dino} i bet you gs shorted them
[14:08] {Threei} they can't repeat BSC scenario
[14:08] {Roman} 21 Bush signs amended credit-card law to reduce retailer lawsuits - Bloomberg
[14:09] {Threei} and they say they can't let the big bank fail
[14:10] {Roman} 21 long WB
[14:10] {Roman} 21 small
[14:10] {Roman} 21 21.58
[14:11] {Roman} 21 out WB
[14:11] {Roman} 21 +.01
[14:13] {dino} lol
[14:14] {magoo} nice roman :)
[14:14] {Roman} 21 every penny counts
[14:14] {magoo} 10k shgares?
[14:14] {Roman} 21 2k
[14:14] {dino} y, just busting you
[14:16] {_Kazaam} are you guys seeing occasional $1 dollar and 50cent spikes on LEH? or is that just my data feed
[14:16] {Threei} not here
[14:17] {Threei} chart matches level 2 and T&S
[14:17] {_Kazaam} well, i guess you get what you pay for when you use Barcharts.com Ninja trader feed
[14:19] {_Kazaam} what broker would guys suggest for your style of trading? or for somebody just starting out in stocks?
[14:19] {dino} direct access
[14:20] {_Kazaam} mbtrading?
[14:20] {Chaeron} see the stuff on LASER on realitytrader home page?
[14:20] {_Kazaam} yes
[14:20] {Chaeron} wow... someone in this room that can read... :))
[14:20] {Threei} that would not be me
[14:20] {magoo} his spelling is good too
[14:20] {Chaeron} pfffft... you just write
[14:20] {Threei} yes
[14:21] {Threei} but I can't read what I write
[14:21] {_Kazaam} i never said i could read, LASER had pretty pictures
[14:21] {Threei} rofl
[14:21] {Chaeron} oh brother... you'll fit in here just fine :)
[14:21] {Chaeron} me stopped on ASIA.... took too dang long
[14:22] {Roman} 21 time to buy QQQQs
[14:22] {Roman} 21 bidding QQQQ 48.77
[14:22] {dptl} laser had pretty pictures ...lol.....you should see laser live it's like christmas every day
[14:23] {Roman} 21 long WB
[14:23] {Roman} 21 small, 21.10
[14:25] {Roman} 21 out WB
[14:25] {Roman} 21 +.15
[14:25] {Chaeron} nice scalp
[14:25] {Roman} 21 in QQQQs 48.73
[14:27] {Chaeron} got .72 here Roman... thank you
[14:27] {dino} gj
[14:27] {Roman} 21 please don't thank until we are out of position
[14:28] {Roman} 21 u are right vad LEH is partially responsible for the selloff
[14:28] {fernp} bad tick in LEH ?
[14:28] {fernp} low 22.85
[14:29] {Threei} I don't have it
[14:29] {Threei} 28.98 low here
[14:30] {dino} 22.85
[14:34] {dino} 8.95 tomorrow at open (memories)
[14:37] {Roman} 21 out QQQQ +.10
[14:38] {dino} ipi sm l .60
[14:39] {_rant} nice roman
[14:39] {_rant} u r pretty much in the zone
[14:39] {Chaeron} out .83 Roman +.11... now may I thank you?
[14:39] {Roman} 21 let me think about it
[14:39] {Chaeron} thanks any way
[14:39] {Roman} 21 yw
[14:43] {magoo} man..i got a lesson today on MA
[14:43] {magoo} never really knew it was that wild
[14:43] {Roman} 21 LEH decent bounce
[14:43] {Roman} 21 WB
[14:43] {Roman} 21 maybe get a scalp here
[14:44] {Roman} 21 21.42
[14:45] {Roman} 21 i'll pass
[14:51] {dptl} out +.20 wb ty Roman
[14:51] {Threei} I am getting my half of QTWW back here
[14:51] {Threei} very much looks like double bottom on intraday
[14:51] {Threei} and support from yesterday
[14:52] {dino} out ipi .00, +.40
[14:53] {dino} ok, gotta hop for 30 or so, accountant issues
[14:53] {_rant} entry vad ?
[14:54] {Threei} got .63
[14:54] {_rant} and all imp SL ?
[14:54] {Threei} hmm?
[14:54] {_rant} stop loss
[14:55] {Threei} well, it's a swing trade for me, from yesterday
[14:55] {Threei} my original entry was .64,
[14:55] {_rant} ah ok
[14:55] {Threei} sold half at .74 this morning,
[14:55] {Threei} got it back now at .63,
[14:55] {Threei} so I'd think .49 is my logical stop
[14:56] {Threei} for a new entry it's a different structure
[15:04] {Roman} 21 LEH Lehman Brothers denies speculation it accessed Fed borrowing window (31.72 -2.16) -Update-
[15:04] {Roman} 21 nice
[15:04] {Roman} 21 WB again
[15:05] {magoo} vasd, im 50 bux in the hole..find me a winner ..paaaaallllleeease
[15:06] {Chaeron} lol... I must buy twice as much as you magoo
[15:07] {Chaeron} maybe not a good time to bother Vad magoo... he's too busy pitching woo to QTWW
[15:07] {Threei} 50 bucks?
[15:07] {Threei} you could have already made it on that same QTWW
[15:09] {Threei} REPORTEDLY LEHMAN TREASURER DENIES SPECULATION THAT IT HAS ACCESSED FED BORROWING FACILITY; NOTES LAST TIME ACCESSED FACILITY WAS APRIL 16- Notes its liquidity position in Q2 is $40B vs $34B at end of Q1
[15:09] {magoo} coulda..shoulda...c'mon...get me something
[15:10] {Threei} I did... but you need to take me off ignore if you want to see my calls {G}
[15:10] {magoo} i know...
[15:10] {Threei} now, I know you enjoy clicking that Ignore button
[15:11] {magoo} i do..plus u ignore me so i feel like its revenge :)
[15:11] {Threei} but look at the price:
[15:11] {Threei} even if you took lousy 1000 shares of QTWW
[15:11] {Threei} at not the best price available, .65 let's say
[15:12] {Threei} you qwould have been up over 100 bucks already
[15:12] {Threei} which takes care of your pain and suffering
[15:12] {Threei} and even gets you in the black
[15:12] {Threei} sooo... sweet revenge or making money... chose wisely :)
[15:17] {magoo} somehow i feel..as while u type all this...u are not putting forth best effort for my next trade lol
[15:17] {Threei} no... I am not done tormenting you about previous one :)
[15:18] {magoo} and how can i put a price on sweet sweet revenge?
[15:18] {magoo} u, being a mean man of sort..can relate
[15:18] {Threei} me? I am warm and fuzzy
[15:20] {magoo} your so cold...i heard it was your original idea for the quebec ice hotel
[15:21] {Threei} actually, they killed it
[15:21] {Threei} I didn't mean to have blankets, fireplaces etc in it
[15:21] {Threei} it was meant to be just ice
[15:21] {magoo} ROFLOL
[15:21] {magoo} i have immediate family that went there
[15:21] {magoo} actually, they froze
[15:24] {Threei} market's fate is in LEH hands for the next few sessions
[15:24] {Threei} LEH goes the way of Dodo and BSC - market drops like there is no tomorrow
[15:25] {Threei} LEH proves to be honest when says "no problem" (give me a minute to laugh out loud) 0 market explodes tio the upside
[15:26] {_rant} worth going long on WB at 21.7 ?
[15:27] {Threei} Roman's baby... I don't have a grip on it
[15:28] {Threei} ROYL
[15:28] {magoo} alright, + 100 without u...IN YOUR FACE
[15:28] {Threei} hehe
[15:28] {magoo} revenge rules lol
[15:28] {Threei} on what?
[15:29] {magoo} rimm
[15:29] {magoo} old faithful
[15:29] {Threei} :)
[15:29] {magoo} .69 to .97
[15:29] {Threei} ROYL poullback closer to .50
[15:29] {Threei} risky scalp long
[15:29] {magoo} now..u trying to make me lose it????
[15:31] {Threei} don't chase
[15:31] {Threei} it's pullback or let it go
[15:33] {_rant} wot a reversal
[15:33] {_rant} dont know how to trade this crazy mkt
[15:34] {Threei} sit it out
[15:34] {Threei} no need to be in the middle of every battle
[15:34] {_rant} ya...
[15:34] {_rant} lucky WFR recovered
[15:34] {_rant} plain lucky
[15:34] {Threei} take a gift...
[15:34] {Threei} and swear never to do it again
[15:35] {_rant} how do u keep urself soo calm n focused
[15:35] {Threei} this kind of things will simply put you out of business
[15:35] {_rant} its amazin
[15:35] {magoo} hes a machine
[15:35] {Threei} I do it for 12 years... every day
[15:35] {_rant} i know
[15:35] {magoo} like hal in space odessy
[15:35] {magoo} mastrer computer running this room
[15:35] {_rant} traders are known to breakin their rules..
[15:35] {Threei} if I was taking it with such tension, I would have burnt out long ago
[15:38] {_rant} lot to learn from you !!
[15:38] {Threei} look at ROYL
[15:39] {Threei} see mags... I was trying to make you money... again
[15:39] {Threei} (all to no avail)
[15:39] {_rant} some ppl can retire with such trades..
[15:39] {Threei} good idea actually
[15:39] {_rant} :)
[15:41] {magoo} oh contrare monfrare
[15:41] {Threei} sheesh... I am not learnbing another language
[15:42] {magoo} in royl
[15:42] * Threei slaps magoo around a bit with a large trout
[15:43] {Threei} notice: I did it in calm and focused manner
[15:43] {magoo} OUT .18 LOL
[15:43] {magoo} ty
[15:43] {Threei} from?
[15:43] {magoo} .86
[15:43] {Threei} wtg
[15:43] {Threei} good way to finish the day
[15:44] {Threei} now...
[15:44] {Threei} looking at OMNI
[15:44] {Threei} it moved a bit with ROYL
[15:44] {magoo} whren u said do not chase..i figured hmm..he wants to hurt me ,..so i went in
[15:44] {Threei} lol
[15:44] {Chaeron} logical
[15:44] {Threei} at the moment pullback to .50 was best entry
[15:44] {magoo} cause watching a runner hurts
[15:45] {Threei} question is,
[15:45] {Threei} has OMNI a good chance to gap?
[15:45] {Threei} or LEH goes belly up overnight and all gaps are eliminated :)
[15:45] {magoo} not great day..but winn streak contuinues to day 6
[15:45] {Threei} not great eh?
[15:45] {magoo} in a tiough market for magoo
[15:45] {Threei} made money and whining
[15:45] {Threei} sigh
[15:45] {magoo} up 200
[15:46] {Threei} the nerve on some
[15:46] {magoo} id slap me
[15:46] {magoo} id=i'd
[15:47] {Threei} thus I won't
[15:47] {magoo} xcuse me..day 7
[15:47] {Threei} argh... that did it
[15:47] {magoo} if majke it out today alive
[15:47] * Threei slaps magoo around a bit with a large trout
[15:47] {Threei} alive yes, but this fishy smell...
[15:47] {Threei} OK, I'll take some OMNI I guess
[15:47] {Threei} risky
[15:48] {magoo} not 1..but 2 today...alls well
[15:51] {Threei} OMNI on the move
[15:52] {Threei} PPC
[15:52] {Threei} STATES COMPANY DOES NOT SHIP CHICKEN TO RUSSIA
[15:52] {Threei} lol
[15:52] {Threei} neither di I
[15:52] {Threei} but I don't run around posting headlinea about it
[15:52] {_Kazaam} lol
[15:52] {Threei} OMNI baby
[15:52] {Threei} half out
[15:52] {Threei} half for overnight
[15:53] {Threei} that was another 150 bucks for you mags
[15:53] {Threei} now... may I hope to be taken off ignore?
[15:53] {_rant} how do u spot breakouts ?
[15:54] {Threei} scanner
[15:54] {Threei} it spits them out like tennis ball machine
[15:54] {_rant} and scan for what kind of formula
[15:54] {Threei} not formula
[15:54] {Threei} chart fomration
[15:54] {Threei} formation
[15:55] {_Kazaam} are you using trade ideas?
[15:55] {Threei} our version of it
[15:55] {Threei} IntelliScan
[15:55] {Threei} has our setups built in
[15:56] {_rant} i use strategyDesk
[15:56] {Threei} including JBE and DBI, my setups for breakout/breakdown
[15:56] {_rant} jbe ?
[15:56] {Threei} OK... you need to read some of our matwerials :)
[15:56] {_rant} ya :0
[15:56] {Threei} techniques of tape Reading
[15:56] {Threei} The master profit plan
[15:56] {Threei} these two is a must
[15:57] {Threei} scalping video course IF you focus on intraday trading
[15:57] {Threei} I am ready to answer any questions, but you realize I can't retype whole book here :)
[15:58] {_rant} sure..will go through it..
[15:58] {Threei} btw
[15:58] {fernp} IMO video course also is a must
[15:58] {Threei} if after reading through the website you decide you need it, pay attention to best value offer
[15:59] {_rant} but wot i am not clear is, u still have to tell intelliscan software wot u r looking for
[15:59] {Threei} MPP, videocourse and online course, and psych CDs ASND two months of room on top
[15:59] {Threei} that's not even value... that's a steal
[15:59] {_rant} based on some conditions it will pop out some stocks..right
[15:59] {Threei} there are preconfigured strategies in it rant
[16:00] {Threei} can tweak them all you want,
[16:00] {Threei} or can use them as it is
[16:00] {_rant} i see
[16:00] {Threei} OK guys, gotta leave now
[16:00] {Chaeron} QTWW :)
[16:00] {Threei} have accountant appointment on corporate taxes
[16:00] {Threei} yes chaeron :)
[16:01] {Threei} thank you all
[16:01] {Chaeron} thanks Vad
[16:01] {fernp} TY vad
[16:01] {Threei} turned out a rather nice day
[16:01] {_rant} thanks vad
[16:01] {Threei} see you tomorrow
[16:01] {dptl} have a good evening all
[16:01] {_Kazaam} adios everybody
[16:03] {magoo} TY vad
[16:03] {magoo} thanx all
[08:20] {Threei} LEH
[08:20] {Threei} COMPANY MULLING CAPITAL RASING AS A ONLY ONE OF SEVERAL OPTION
[08:20] {Threei} is bankruptsy another option?
[08:20] {Threei} oh I forgot... no such thing, fed to rescue
[08:20] {Threei} anyway... good morning
[08:21] {Threei} Good morning QTWW
[08:43] {cosmo} LRXX
[08:44] {cosmo} LXRX
[08:44] {cosmo} 2.50 so far
[08:44] {Threei} 06:30am [LXRX] Drug candidate for Carcinoid Syndrome, LX1032, receives Fast Track Status From the FDA
[08:45] {Threei} 2.5 important resistance to break on daily
[08:45] {magoo} morning
[08:45] {magoo} HEY, i did not need alternate server today
[08:45] {Threei} hi mags
[08:46] {Threei} yes, worked yesterday to fix the issue
[08:46] {Threei} found workaround to stop depending on chat host
[08:46] {Threei} well... don't take it as "I" found it... my tech knowledge is equal to one the cow possesses in ballet
[08:47] {Threei} but I managed the specialists :)
[08:48] {Threei} gotta make a decision on QTWW... sell the gap or try and hold for a swing
[08:48] {Threei} daily is ideal... each red bar day is on lower volume, each green is on higher
[08:49] {Threei} and still climbing slowly, no euphoric spike
[08:49] {magoo} wheres your entry?
[08:49] {Threei} 2.54
[08:50] {magoo} now ill tell u what u would tell me..."partial" lol
[08:51] {Threei} hmmm
[08:51] {Threei} what a novel concept
[08:51] {Threei} thank you :)
[08:52] {Threei} seeing how it goes through red-green days, it's tempting to sell into this gap and wait for a red day to re-enter,
[08:52] {Threei} but that also carries a chance of missing euphoric day
[08:52] {Threei} so I guess partial is da solution
[08:52] {Threei} it spikes, I ride on the balance,
[08:52] {Threei} it retreats, I re-buy sold half
[08:55] {Threei} now, ROYL gap I hate
[08:55] {magoo} he he,dcc quick
[08:56] {Threei} don't tell me you held it
[08:56] {Threei} I'll burst of envy
[09:01] {Threei} sold half at .74, +.20
[09:01] {Threei} 1.5K left
[09:01] {dptl} good morning all
[09:01] {Threei} dp :)
[09:05] {fernp} good morning all
[09:05] {Threei} fern :)
[09:07] {pita} gm everyone
[09:07] {Threei} pita :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:11] {Threei} everyone gets in fine via main server today?
[09:11] {patience} gm RT, and thank you Vad, logged in great this morning
[09:11] {Threei} :)
[09:11] {Threei} hopefully this issue is put to rest
[09:11] {dino} sell the gap, i just did w/ipi from yesterday +.55
[09:12] {Threei} keep that address for reserve one handy
[09:12] {dino} livermore- take the gift
[09:12] {Threei} really :)
[09:12] {Threei} wtg
[09:12] {dino} :)
[09:12] {Threei} as far as I can tell, relocation to new hosting went smoothly
[09:13] {magoo} whatr the f is big ben saying on cnbc?
[09:13] {Threei} but if you run into broken links, missing images etc, please let me know
[09:13] {dino} nothing really
[09:13] {_Kazaam} dollar reacted well
[09:13] {_Kazaam} good morning
[09:14] {Threei} morning kazaam
[09:14] {Threei} IMF'S STRAUSS-KAHN: IT IS TOO SOON TO TELL IF SUB-PRIME CRISIS HAS PASSED, BUT THE BIGGEST PART OF THE FINANCIAL CRISIS IS BEHIND US
- Sees a credit squeeze in Europe, not a credit crunch.
[09:14] {Threei} - Does not see any more oil price increases
[09:14] {Threei} what did ben say?
[09:16] {Threei} US) FED CHAIRMAN BERNANKE: CONFIDENT DOLLAR WILL REMAIN ''STRONG AND STABLE''
- Fed is attentive to implication for dollar slide, dollar has contributed to the inflation and inflation expectations
[09:16] {Threei} - Dollar slide has contributed to unwelcome rise in import prices and inflation
[09:16] {Threei} - Says will make policy to guard against risks to growth and inflation and commitment to dual mandate will be key to ensuring dollar remains a strong and stable currency
[09:16] {Threei} - Notes that until housing stabilizes growth risks will remain to the downside
[09:16] {Threei} - Financial markets have improved but conditions remain strained and credit generally tight, expects strengthening of capital and liquidity regulations and greater disclosure requirements
[09:16] {Threei} - Inflation is high but pass though of costs to labor and products has been limited
[09:17] {Threei} dual mandate?
[09:17] {Threei} this makes me uneasy
[09:17] {Threei} feds mandate was to control inflation
[09:17] {Threei} (and we all know what a great job they did, right?)
[09:18] {Threei} if they widen mandate to keep economy strong as well, I am afraid they might do just a good job in that direction as well
[09:18] {magoo} is he qualified..seriously?
[09:18] {Threei} for what?
[09:19] {Threei} movie rankings?
[09:20] {esemde} good morning...it worked Vad...the alternate log in....tks
[09:20] {Threei} ji ese
[09:20] {Threei} hi :)
[09:20] {Threei} but we fixed main server
[09:21] {esemde} ha ha ha ha.........too funny
[09:21] {Threei} sorry :)
[09:21] {Threei} but hey, keep that one handy
[09:21] {Threei} who knows what gets broken tomorrow
[09:22] {Threei} I have unquestionable ability to break all things technology
[09:23] {_osbo} hi
[09:23] {Threei} osbo :)
[09:24] {esemde} osbo...welcome
[09:24] {dino} to the jungle
[09:27] {Threei} USD up, oil down
[09:27] {Threei} what else can one want for breakfast
[09:29] {dino} 2 eggs, bacon, and home fries w/toast
[09:29] {Threei} well... eggs and bacon
[09:29] {Threei} :)
[09:29] {Threei} no fries for me
[09:29] {dino} actually having planters peanuts
[09:31] {magoo} MA news vad?
[09:32] {Threei} 08:26am [MA] Price Target raised to $367 from $312 at Stifel; Maintains buy rating
[09:32] {magoo} so drops 7?
[09:33] {Threei} ROYL... grr
[09:33] {Threei} it's just its natural volatility mags... consider it a downtick :)
[09:34] {magoo} ROYL 10 comith
[09:34] {Threei} 05:46am [AUXL] XIAFLEX meets primary endpoint with statistical significance in CORD I pivotal Phase III study for Dupuytren's Contracturw
[09:34] {Threei} not fresh
[09:35] {Threei} GEORGE SOROS REITERATES THAT RECENT PRICE RISE IN COMMODITIES HAVE SIGNS OF A BUBBLE
[09:35] {Threei} you don't say
[09:36] {esemde} any commodity in particular....OIL maybe?
[09:36] {Threei} LEH
[09:36] {Threei} looking for short entry
[09:37] {Threei} 32.90 breakdown level
[09:37] {Threei} I'd like closer to resistance though
[09:37] {Threei} aggrwessive entry around .35
[09:38] {Threei} first weakness from here
[09:40] {Threei} in, stop above .85
[09:40] {Threei} got .63
[09:42] {_rant} SEED ?
[09:42] {_rant} down 10%
[09:42] {Threei} forget it
[09:42] {Threei} bs stock
[09:42] {_rant} ok :)
[09:42] {Threei} stop to .76 LEH
[09:43] {Threei} half out
[09:43] {Threei} +.21
[09:43] {Threei} stop to .71
[09:44] {dino} mvsn?
[09:44] {Threei} nothing fresh
[09:45] {Threei} out balance LEH
[09:45] {Threei} not sure what it's going to do from here
[09:45] {Threei} chart becomes looking more like bounce
[09:46] {Threei} oh well
[09:46] {Threei} next
[09:47] {esemde} L GRMN 51.99 1/2 lot
[09:47] {dino} arex
[09:48] {esemde} grmn bouncing all over the place
[09:48] {Threei} can I have my LEH back?
[09:48] {Threei} ABC NEWS: IRAN SAYS TO PURSUE ATOMIC DRIVE DESPITE TRADE OFFER
[09:48] {esemde} out grmn .27
[09:49] {esemde} +.28
[09:49] {Threei} wtg
[09:49] {esemde} dangerous one that one
[09:50] {dino} mvsn sm l .45 ave
[09:50] {fernp} out JBL +.23
[09:50] {Threei} ACOR
[09:50] {Threei} .15 small shares long
[09:50] {Threei} if stays above .90
[09:51] {dino} kndl
[09:52] {dino} gj fernp
[09:52] {esemde} ACOR 1/2 lot .90 ...i'm with ya Vad
[09:52] {Threei} too aggressive
[09:52] {esemde} stopped Acor.......that was fast
[09:52] {esemde} yep
[09:53] {esemde} live and learn
[09:53] {Roman} 21 EMKR radar
[09:54] {Roman} 21 JRJCtaking small
[09:54] {Roman} 21 very risky, wide stop
[09:54] {Roman} 21 24.20
[09:55] {dino} kndl sm s .50 stop .84
[09:56] {magoo} aCOR invalidated vad?
[09:56] {Roman} 21 OMNI
[09:56] {Roman} 21 long off 6
[09:56] {Threei} of course
[09:56] {fernp} out S +.10 scalp is scalp
[09:58] {dino} gj
[09:58] {Threei} LEH, another short here with stop above 33.10
[09:59] {Roman} 21 EMKR long setup
[09:59] {Roman} 21 in
[10:00] {Roman} 21 8.14 1/2
[10:00] {Threei} APRIL FACTORY ORDERS: 1.1% V -0.1%E- prior revised from 1.3% to 1.5%
[10:00] {dino} all is well then
[10:00] {Threei} yup
[10:00] {Roman} 21 long WB
[10:01] {Roman} 21 22.85
[10:01] {Roman} 21 market recovery may help
[10:01] {fernp} out QQQQ +.15
[10:01] {dino} de sm l .50
[10:02] {Threei} new low LEH
[10:03] {Threei} half out .55
[10:03] {Roman} 21 out 1/2 OMNI +28
[10:03] {Threei} +.34
[10:03] {Threei} out in full
[10:03] {Threei} got .38 on exit
[10:03] {Threei} .89 - .38...
[10:04] {Threei} my math abilities are not too good
[10:04] {magoo} .68 vad
[10:04] {fernp} out 1/2 IPG +.10
[10:04] {Threei} wow... what a bounce
[10:05] {dino} kndl spread gonna get me
[10:05] {Threei} anyone did LEH?
[10:05] {magoo} missed it
[10:06] {Threei} QTWW, my little cutie
[10:06] {Roman} 21 out 1/2 WB +.25
[10:06] {Threei} nice Roman
[10:06] {pita} +.26 ty
[10:07] {Threei} on what pita?
[10:07] {pita} leh
[10:07] {Threei} :)
[10:07] {pita} sm shares only
[10:07] {Threei} yeah, thing is volatile
[10:07] {Roman} 21 long CPSL small
[10:07] {Roman} 21 5.53
[10:08] {Roman} 21 ctdc
[10:08] {Threei} but... remember Geo's trade when I called BSC short at 50?
[10:08] {Threei} his comment was "never saw that much money made on 100 shares" lol
[10:08] {Threei} btw, Geo on one month leave, asked to say hello to you
[10:09] {Threei} wow OMNI
[10:09] {Threei} hitting them just right Roman
[10:10] {Roman} 21 BCON
[10:11] {dino} out de .98, +.48
[10:12] {Chaeron} good morning everyone
[10:12] {Threei} chaeron :)
[10:13] {dino} mvsn stop to .49
[10:13] {dino} gm chaer
[10:14] {Chaeron} heya 3i, dino
[10:14] {Threei} remember we picked LEH as main short target for today vs MER?
[10:14] {Threei} look at both
[10:14] {Threei} LEH down over a buck
[10:14] {Threei} MER merely 30+cents
[10:14] {dino} sohu
[10:15] {dino} cgrb
[10:17] {dino} arex s .61 sm
[10:18] {Threei} dp, look dcc please
[10:18] {Threei} FEED holding well
[10:18] {Threei} .90 half lot long if stays above .75
[10:19] {dino} arex stopped .88 -.27
[10:20] {Threei} XIDE .41 long half lot
[10:22] {Threei} stop under .30
[10:23] {Threei} ese, look dcc please
[10:26] {Threei} ASIA
[10:26] {Threei} break of .20 long
[10:27] {Threei} stop under 14
[10:30] {Threei} HEARING STRENGTH ATTRIBUTED TO RUMOR THAT DRIV HAS DROPPED OUT OF CONFERENCE
[10:30] {Threei} huh?
[10:30] {Threei} someone is totally desperate wbout coming up with explanations
[10:31] {Threei} LEH is bottomless
[10:31] {Threei} asia
[10:31] {Threei} market pullback held it back, let's see is it ramps up with bounce
[10:32] {pita} in asia
[10:34] {Threei} OMNI new high... still in Roman?
[10:34] {Roman} 21 yes, still got 1/2
[10:35] {Threei} nice
[10:35] {Roman} 21 still in JRJC
[10:35] {Roman} 21 GEOI
[10:35] {Roman} 21 nothing
[10:36] {dptl} stopped xide
[10:36] {Roman} 21 COIN bouncing today
[10:39] {Threei} why did I ever bother to cover LEH?
[10:40] {dino} hrs sm l .42
[10:41] {judijim} hello everyone, good morning
[10:42] {Threei} jj :)
[10:42] {Chaeron} hijj
[10:43] {magoo} jj:)
[10:47] {fernp} ORCL
[10:51] {Threei} HILLARY CLINTON ACKNOWLEDGE TONIGHT THAT OBAMA HAS NOMINATION - SOURCES
[10:53] {fernp} out 1/2 ORCL +.20
[10:56] {Chaeron} watch Obama ask Clinton for VP slot... and I don't mean Hillary... :)
[10:57] {Threei} I can't find words powerful enough to express my awe and admiration for QTWW
[10:57] {Chaeron} geeesh... get a room...
[10:58] {Threei} you are just envious
[10:59] {Threei} of our great mutual love
[10:59] {fernp} out ORCL +.30
[10:59] {Threei} wtg
[10:59] {Threei} that was fine setup fern
[10:59] {Roman} 21 out remaining OMNI +.72
[10:59] {Threei} looked when you mentioned it
[11:00] {Chaeron} happy for you both... now can ASIA find some love?
[11:00] {Threei} that's simply indecent Roman
[11:00] {fernp} easy to read
[11:00] {Chaeron} Nice one Roman!
[11:00] {dino} gj
[11:00] {Threei} who makes 72 cents on $6 stock?
[11:01] {Roman} 21 thanks
[11:01] {dino} rfr does
[11:04] {Threei} FED CHAIRMAN BERNANKE: REMAINS SKEPTICAL OF THE ABILITY OF CENTRAL BANKS TO PRICK ASSET BUBBLES, NEED TO EXAMINE HOW CENTRAL BANKS RESPOND TO BUBBLES
- Banks can potentially use supervision, regulation to address asset bubbles, brokers, banks must be prepared for strains, it is necessary to ensure that all systemically important financial firms buffered against shocks, Fed direct interaction with banks is key to adequate oversight.
[11:04] {Threei} - Says that much of the USD drop since 2002 has been unwinding of past gain
[11:04] {Threei} this unwinding is part of the process of restoring the global trade balance.
[11:04] {Threei} - Weakening of the USD has had some inflationary impact, a modest commodity price impact.
[11:04] {Threei} - Supply and demand factors are the most important components of commodity prices.
[11:04] {Threei} - The rise in commodity prices are a major shock to inflation and consumer purchasing power
[11:11] {Roman} 21 out 1/2 CPSL +.30
[11:11] {Roman} 21 out JRJC -.31
[11:11] {Threei} finally
[11:11] {Threei} now we know Roman is human
[11:12] {Roman} 21 thanks, by the way, i love the video interview on your home page vad
[11:12] {Roman} 21 when was that taken?
[11:12] {Threei} in vegas
[11:12] {Threei} same year we met there
[11:12] {magoo} roman interwiew?
[11:13] {Threei} and you scared the heck out of me when almost strangled me as I tried to take your custard
[11:14] {Threei} no mags, mine
[11:15] {Threei} Roman's interview was scheduled but never posted... they thought "don't touch my custard if you want to see the light of the next day" was a bit too short
[11:16] {Roman} 21 :)
[11:16] {Threei} and he refused to talk about anything elose, saying "this is my only message to the world and future generations"
[11:16] {magoo} :)
[11:18] {Threei} jeez ASIA, what's your problem
[11:18] {Threei} go already
[11:19] {Threei} just so you know... roman's love for custard is exceeded or matched only by my love for bacon... and trying to take it from him is as risky as holding 10K of GOOG overnight
[11:19] {dino} you guys are making me hungry
[11:20] {esemde} signing off see you all tomorrow
[11:20] {Threei} take care ese
[11:20] {magoo} really..i have a lunch craving for a BLT sandwiche, xtra bacon
[11:20] {dino} cya es
[11:36] {Threei} S&P: LEH DOES NOT HAVE A CAPITAL ISSUE 'AT THIS TIME', UNDERSTAND LEH IS LOOKING TO RAISE MORE CAPITAL
[11:36] {Roman} 21 VLNC picking up some steam
[11:36] {Threei} yeah, looking at it for a few days, can't make up my mind about it
[11:37] {Threei} wow COIN
[11:37] {Threei} what's up
[11:37] {Roman} 21 just a bounce IMO
[11:37] {Threei} US TREASURY: BERNANKE AND PAULSON ARE COMMITTED TO POLICIES FOR PROPERLY FUNCTIONING MARKETS AND ECONOMY - SPOKESPERSON
[11:38] {dptl} nvtl?
[11:38] {Threei} oh good... I was afraid they were looking to implement improper policies
[11:38] {Threei} probably worth a try for scalp at .83, dp
[11:39] {dptl} ok ty
[11:42] {dino} gymb'
[11:44] {Threei} LEH
[11:44] {Threei} painsd me to say... but break of .50 priobably a long scalp
[11:48] {Threei} if holding above .35
[11:56] {Threei} 1;1
[11:56] {dino} dgly
[11:58] {Threei} anyone did LEH on break?
[11:59] {dptl} me +.19 ty
[11:59] {magoo} sorry to report..i missed all 3 of your LEH today
[11:59] {Threei} CLINTON CAMPAIGN CHAIRMAN DISPUTES REPORTS OF CLINTON CONCESSION OF DEMOCRATIC NOMINATION TUESDAY , NOTES RECENT REPORTS AS INCORRECT
[12:00] {Threei} PREVIEW: MAY US VEHICLE SALES NUMBERS EXPECTED THROUGHOUT THE DAY FROM MAJOR AUTO MAKERS
DRAFT
[12:00] {Threei} **consensus estimates:
[12:00] {Threei} - Ford: -17.5%e adjusted basis (usually released at Noon ET).
[12:00] {Threei} - GM: -23%e adjusted basis (usually released around 1:45pmET).
[12:00] {Threei} - May 2008 had 27 selling days, one more than May 2007. On an unadjusted basis, the estimates above would be higher by about 4%
[12:00] {Threei} is it ugly or what
[12:00] {dino} indeed
[12:01] {Threei} Ford
[12:01] {Threei} TOTAL VEHICLE SALES DOWN 16% FOR MAY, AFFIRMS Q2 AND Q3 PRODUCTION TARGETS
[12:07] {pita} later guys
[12:09] {Threei} take care pita
[12:11] {dino} plce
[12:22] {dino} mvsn out .82 +.37
[12:27] {Threei} LEH, same setup again
[12:27] {Threei} .50 break
[12:28] {magoo} if this is only one i try..it is certain to fail :(
[12:29] {dino} plce sm l .68
[12:34] {Chaeron} LEH has to hold .30?
[12:34] {Threei} .30 -.35 area
[12:34] {Chaeron} thx
[12:37] {Chaeron} in
[12:37] {Chaeron} .51
[12:39] {Threei} DAI REPORTS MERCEDES-BENZ CAR SALES UP 12% IN THE US IN MAY
[12:39] {Threei} NSANY REPORTS MAY US NISSAN AND INFINITI BRAND SALES UP 4.4%
[12:43] {Threei} don't you hate ACOR
[12:43] {Threei} no clean entry on either breakout or pullback
[12:50] {dino} stop/covkndl .69 -.19
[12:51] {Roman} 21 NCOC long
[12:51] {Roman} 21 small
[12:51] {Roman} 21 7.82
[12:55] {dptl} stopped leh
[12:55] {Threei} yeah
[12:56] {dino} plce stop to b/e
[12:58] {dptl} ah ....just can't win these days...taking a break
[12:58] {Threei} hmmm
[12:58] {Threei} 4 calls on LEH
[12:58] {Threei} 3 winners, 1 stop
[12:58] {dptl} only did 2
[12:58] {Threei} if that qualifies as "can't win"...
[12:58] {dptl} i did some other trades
[13:00] {dino} shake it off dp, we all go through slumps
[13:00] {dino} remember, good trading is not about being right, it's about trading right
[13:01] {dino} gymb taunting me
[13:01] {Chaeron} back... stopped on LEH - sorry Vad
[13:04] {magoo} [12:29] {magoo} if this is only one i try..it is certain to fail :(
[13:04] {Threei} yuo guys are full of optimism
[13:04] {Threei} I am leaving for Tibet cave
[13:04] {Threei} for 3 years
[13:05] {Threei} this is how long it's going to take to shake off this outlook
[13:06] {dino} hmmm (dino not in that group)
[13:06] {Threei} no
[13:06] {Threei} it's like you expect yourself to lose
[13:06] {dino} cme
[13:06] {Threei} ever seen anyone winning while being already resigned?
[13:07] {dino} i must agree w/you
[13:09] {Threei} CFTC: WITHDRAWING PROPOSALS TO BOOST SPECULATIVE LIMITS ON CERTAIN AGRICULTURAL FUTURES
- Notes it will ask for more information from swaps dealers and index traders.
[13:09] {Threei} - Planning a monthly publication of trader information regarding agricultural markets starting in July.
[13:10] {dino} good
[13:17] {dino} plce stop to .94
[13:19] {Threei} ABK CEO: FIRM HAS NO LIQUIDITY WORRIES - TV INTERVIEW
[13:19] {dino} to .08
[13:20] {dino} out .18 +.50
[13:20] {dino} abk sounds familiar, same speach in march
[13:21] {Threei} and same as BSC couple days before demise {G}
[13:22] {Threei} oil losing 125
[13:22] {dino} yes, leh similar too
[13:22] {Threei} UAUA moved a bit today
[13:23] {Threei} DAL too
[13:23] {Threei} and NWA
[13:23] {Threei} airlines benefit from oil dump
[13:24] {dino} going to need a much bigger oil dump for them to stay out of chapter 11
[13:24] {Threei} true
[13:24] {dino} where does cme bottom, -130+ points in a month
[13:25] {dino} to 350 strike perhaps
[13:25] {Threei} OBAMA GAINS THE DEMOCRATIC NOMINATION, ACCORDING TO AP DELEGATE COUNT
[13:26] {magoo} where i short it dino
[13:27] {dino} cme?
[13:29] {dino} my original call last week was 400, now 350 by expiration, but today, imo, the safer play is long after this 25 pt drop from 10:00 am
[13:32] {dino} hrs stopped -.42
[13:32] {Threei} what just happened?
[13:32] {Threei} I see no news for this dump
[13:33] {fernp} what had happened?
[13:33] {Roman} 21 maybe its the OBAMA NEWS
[13:34] {cosmo} they find obama?
[13:34] {cosmo} oops
[13:34] {Threei} wierd
[13:34] {Threei} it's not like it's an unexpected news
[13:35] {fernp} nothing in briefing.com
[13:35] {Threei} and it's not like he is already a president
[13:36] {dino} it's the obama/hillary ticket scaring the sh#t out of markets
[13:40] {dino} breaking yesterdays lod
[13:40] {dino} dji
[13:41] {Chaeron} was the market thinking that they were going to release the alledged Michelle tape and Hillary would get the nom?
[13:42] {_rant} 10:41] {_rant} what made the mkt tank
[13:42] {_rant} [10:41] {_rant} was away for 30 mins
[13:42] {_rant} [10:41] {_rant} and red everywhere
[13:42] {dino} market is thinking much higher taxes coming next year, capital gains to 28% for starters
[13:43] {Threei} our current guess is, Obama winning nimonation, rant
[13:43] {dino} of course, it could just all be magoos' fault
[13:43] {Chaeron} would we had rallied if Senator clinton won?
[13:44] {Threei} good question Chaeron
[13:45] {dino} either way, not market friendly imo
[13:46] {dino} but....obama showing weakness considering hillary. we know she would not have choosen him
[13:49] {Threei} I don't know what to make of this selloff
[13:49] {Threei} staying on a sideline
[13:49] {Roman} 21 6.2 quake shakes Solomon Isles; no tsunami warning issued - DJ
[13:49] {dino} waiting for ipi around 47.30s
[13:50] {Chaeron} I still think that he should ask Bill to be the VP... He'd accept, just out of ego, even in the face of his his wife losing the nom...and it would be a love fest for the party lol
[13:52] {dino} can he, constitutionally, be pres. again?
[13:52] {dino} vp could end up pres.
[13:55] {Threei} look at LEH
[13:56] {fernp} OIL and market falling
[13:56] {Threei} yes
[13:56] {Threei} HEARING NEGATIVE CHATTER CIRCULATING IN LEHMAN; CHATTER LEHMAN ACCESSING THE FED DISCOUNT WINDOW
[13:56] {Threei} uh oh
[13:56] {dino} bsc all over
[13:58] {fernp} Banking index -BKX- breaks under its 5-yr low
[13:59] {_rant} any read on WFR ?
[13:59] {_rant} its just dropping
[13:59] {Threei} no
[13:59] {Threei} stay away
[14:00] {Threei} in this market you can lose your shirt in a blink of eye
[14:00] {_rant} crap...already in
[14:00] {_rant} ya...
[14:00] {_rant} money evaporating...
[14:00] {Threei} in where, long, short?
[14:01] {_rant} long
[14:01] {_rant} at 65.5
[14:01] {_rant} sucks..
[14:01] {Threei} wow
[14:01] {Threei} why no stop??
[14:01] {_rant} dumb move..
[14:02] {_rant} now lickin my wounds
[14:02] {Threei} ok... trading without stops is surefire way to disaster
[14:02] {_rant} yes it is..
[14:02] {Threei} a lot of people checked it for themselves
[14:02] {Threei} why do you need to join them?
[14:03] {_rant} was getting stopped out..just to see it reverse
[14:04] {Threei} I don't understand
[14:04] {Threei} there is a stop level for any setup
[14:04] {Threei} it's hit, you are out
[14:05] {_rant} broke my own rule...deserve to lose money
[14:07] {Threei} IMO, this market selloff is LEH, not Obama
[14:07] {dino} agree, bit of panic in brokers
[14:07] {dino} but, let's blame the politicians anyway
[14:07] {Chaeron} LKEH shorted itself... they'll be fine
[14:07] {Chaeron} LEH
[14:08] {Threei} lol
[14:08] {Threei} I am really interested how it's going to unfold
[14:08] {dino} i bet you gs shorted them
[14:08] {Threei} they can't repeat BSC scenario
[14:08] {Roman} 21 Bush signs amended credit-card law to reduce retailer lawsuits - Bloomberg
[14:09] {Threei} and they say they can't let the big bank fail
[14:10] {Roman} 21 long WB
[14:10] {Roman} 21 small
[14:10] {Roman} 21 21.58
[14:11] {Roman} 21 out WB
[14:11] {Roman} 21 +.01
[14:13] {dino} lol
[14:14] {magoo} nice roman :)
[14:14] {Roman} 21 every penny counts
[14:14] {magoo} 10k shgares?
[14:14] {Roman} 21 2k
[14:14] {dino} y, just busting you
[14:16] {_Kazaam} are you guys seeing occasional $1 dollar and 50cent spikes on LEH? or is that just my data feed
[14:16] {Threei} not here
[14:17] {Threei} chart matches level 2 and T&S
[14:17] {_Kazaam} well, i guess you get what you pay for when you use Barcharts.com Ninja trader feed
[14:19] {_Kazaam} what broker would guys suggest for your style of trading? or for somebody just starting out in stocks?
[14:19] {dino} direct access
[14:20] {_Kazaam} mbtrading?
[14:20] {Chaeron} see the stuff on LASER on realitytrader home page?
[14:20] {_Kazaam} yes
[14:20] {Chaeron} wow... someone in this room that can read... :))
[14:20] {Threei} that would not be me
[14:20] {magoo} his spelling is good too
[14:20] {Chaeron} pfffft... you just write
[14:20] {Threei} yes
[14:21] {Threei} but I can't read what I write
[14:21] {_Kazaam} i never said i could read, LASER had pretty pictures
[14:21] {Threei} rofl
[14:21] {Chaeron} oh brother... you'll fit in here just fine :)
[14:21] {Chaeron} me stopped on ASIA.... took too dang long
[14:22] {Roman} 21 time to buy QQQQs
[14:22] {Roman} 21 bidding QQQQ 48.77
[14:22] {dptl} laser had pretty pictures ...lol.....you should see laser live it's like christmas every day
[14:23] {Roman} 21 long WB
[14:23] {Roman} 21 small, 21.10
[14:25] {Roman} 21 out WB
[14:25] {Roman} 21 +.15
[14:25] {Chaeron} nice scalp
[14:25] {Roman} 21 in QQQQs 48.73
[14:27] {Chaeron} got .72 here Roman... thank you
[14:27] {dino} gj
[14:27] {Roman} 21 please don't thank until we are out of position
[14:28] {Roman} 21 u are right vad LEH is partially responsible for the selloff
[14:28] {fernp} bad tick in LEH ?
[14:28] {fernp} low 22.85
[14:29] {Threei} I don't have it
[14:29] {Threei} 28.98 low here
[14:30] {dino} 22.85
[14:34] {dino} 8.95 tomorrow at open (memories)
[14:37] {Roman} 21 out QQQQ +.10
[14:38] {dino} ipi sm l .60
[14:39] {_rant} nice roman
[14:39] {_rant} u r pretty much in the zone
[14:39] {Chaeron} out .83 Roman +.11... now may I thank you?
[14:39] {Roman} 21 let me think about it
[14:39] {Chaeron} thanks any way
[14:39] {Roman} 21 yw
[14:43] {magoo} man..i got a lesson today on MA
[14:43] {magoo} never really knew it was that wild
[14:43] {Roman} 21 LEH decent bounce
[14:43] {Roman} 21 WB
[14:43] {Roman} 21 maybe get a scalp here
[14:44] {Roman} 21 21.42
[14:45] {Roman} 21 i'll pass
[14:51] {dptl} out +.20 wb ty Roman
[14:51] {Threei} I am getting my half of QTWW back here
[14:51] {Threei} very much looks like double bottom on intraday
[14:51] {Threei} and support from yesterday
[14:52] {dino} out ipi .00, +.40
[14:53] {dino} ok, gotta hop for 30 or so, accountant issues
[14:53] {_rant} entry vad ?
[14:54] {Threei} got .63
[14:54] {_rant} and all imp SL ?
[14:54] {Threei} hmm?
[14:54] {_rant} stop loss
[14:55] {Threei} well, it's a swing trade for me, from yesterday
[14:55] {Threei} my original entry was .64,
[14:55] {_rant} ah ok
[14:55] {Threei} sold half at .74 this morning,
[14:55] {Threei} got it back now at .63,
[14:55] {Threei} so I'd think .49 is my logical stop
[14:56] {Threei} for a new entry it's a different structure
[15:04] {Roman} 21 LEH Lehman Brothers denies speculation it accessed Fed borrowing window (31.72 -2.16) -Update-
[15:04] {Roman} 21 nice
[15:04] {Roman} 21 WB again
[15:05] {magoo} vasd, im 50 bux in the hole..find me a winner ..paaaaallllleeease
[15:06] {Chaeron} lol... I must buy twice as much as you magoo
[15:07] {Chaeron} maybe not a good time to bother Vad magoo... he's too busy pitching woo to QTWW
[15:07] {Threei} 50 bucks?
[15:07] {Threei} you could have already made it on that same QTWW
[15:09] {Threei} REPORTEDLY LEHMAN TREASURER DENIES SPECULATION THAT IT HAS ACCESSED FED BORROWING FACILITY; NOTES LAST TIME ACCESSED FACILITY WAS APRIL 16- Notes its liquidity position in Q2 is $40B vs $34B at end of Q1
[15:09] {magoo} coulda..shoulda...c'mon...get me something
[15:10] {Threei} I did... but you need to take me off ignore if you want to see my calls {G}
[15:10] {magoo} i know...
[15:10] {Threei} now, I know you enjoy clicking that Ignore button
[15:11] {magoo} i do..plus u ignore me so i feel like its revenge :)
[15:11] {Threei} but look at the price:
[15:11] {Threei} even if you took lousy 1000 shares of QTWW
[15:11] {Threei} at not the best price available, .65 let's say
[15:12] {Threei} you qwould have been up over 100 bucks already
[15:12] {Threei} which takes care of your pain and suffering
[15:12] {Threei} and even gets you in the black
[15:12] {Threei} sooo... sweet revenge or making money... chose wisely :)
[15:17] {magoo} somehow i feel..as while u type all this...u are not putting forth best effort for my next trade lol
[15:17] {Threei} no... I am not done tormenting you about previous one :)
[15:18] {magoo} and how can i put a price on sweet sweet revenge?
[15:18] {magoo} u, being a mean man of sort..can relate
[15:18] {Threei} me? I am warm and fuzzy
[15:20] {magoo} your so cold...i heard it was your original idea for the quebec ice hotel
[15:21] {Threei} actually, they killed it
[15:21] {Threei} I didn't mean to have blankets, fireplaces etc in it
[15:21] {Threei} it was meant to be just ice
[15:21] {magoo} ROFLOL
[15:21] {magoo} i have immediate family that went there
[15:21] {magoo} actually, they froze
[15:24] {Threei} market's fate is in LEH hands for the next few sessions
[15:24] {Threei} LEH goes the way of Dodo and BSC - market drops like there is no tomorrow
[15:25] {Threei} LEH proves to be honest when says "no problem" (give me a minute to laugh out loud) 0 market explodes tio the upside
[15:26] {_rant} worth going long on WB at 21.7 ?
[15:27] {Threei} Roman's baby... I don't have a grip on it
[15:28] {Threei} ROYL
[15:28] {magoo} alright, + 100 without u...IN YOUR FACE
[15:28] {Threei} hehe
[15:28] {magoo} revenge rules lol
[15:28] {Threei} on what?
[15:29] {magoo} rimm
[15:29] {magoo} old faithful
[15:29] {Threei} :)
[15:29] {magoo} .69 to .97
[15:29] {Threei} ROYL poullback closer to .50
[15:29] {Threei} risky scalp long
[15:29] {magoo} now..u trying to make me lose it????
[15:31] {Threei} don't chase
[15:31] {Threei} it's pullback or let it go
[15:33] {_rant} wot a reversal
[15:33] {_rant} dont know how to trade this crazy mkt
[15:34] {Threei} sit it out
[15:34] {Threei} no need to be in the middle of every battle
[15:34] {_rant} ya...
[15:34] {_rant} lucky WFR recovered
[15:34] {_rant} plain lucky
[15:34] {Threei} take a gift...
[15:34] {Threei} and swear never to do it again
[15:35] {_rant} how do u keep urself soo calm n focused
[15:35] {Threei} this kind of things will simply put you out of business
[15:35] {_rant} its amazin
[15:35] {magoo} hes a machine
[15:35] {Threei} I do it for 12 years... every day
[15:35] {_rant} i know
[15:35] {magoo} like hal in space odessy
[15:35] {magoo} mastrer computer running this room
[15:35] {_rant} traders are known to breakin their rules..
[15:35] {Threei} if I was taking it with such tension, I would have burnt out long ago
[15:38] {_rant} lot to learn from you !!
[15:38] {Threei} look at ROYL
[15:39] {Threei} see mags... I was trying to make you money... again
[15:39] {Threei} (all to no avail)
[15:39] {_rant} some ppl can retire with such trades..
[15:39] {Threei} good idea actually
[15:39] {_rant} :)
[15:41] {magoo} oh contrare monfrare
[15:41] {Threei} sheesh... I am not learnbing another language
[15:42] {magoo} in royl
[15:42] * Threei slaps magoo around a bit with a large trout
[15:43] {Threei} notice: I did it in calm and focused manner
[15:43] {magoo} OUT .18 LOL
[15:43] {magoo} ty
[15:43] {Threei} from?
[15:43] {magoo} .86
[15:43] {Threei} wtg
[15:43] {Threei} good way to finish the day
[15:44] {Threei} now...
[15:44] {Threei} looking at OMNI
[15:44] {Threei} it moved a bit with ROYL
[15:44] {magoo} whren u said do not chase..i figured hmm..he wants to hurt me ,..so i went in
[15:44] {Threei} lol
[15:44] {Chaeron} logical
[15:44] {Threei} at the moment pullback to .50 was best entry
[15:44] {magoo} cause watching a runner hurts
[15:45] {Threei} question is,
[15:45] {Threei} has OMNI a good chance to gap?
[15:45] {Threei} or LEH goes belly up overnight and all gaps are eliminated :)
[15:45] {magoo} not great day..but winn streak contuinues to day 6
[15:45] {Threei} not great eh?
[15:45] {magoo} in a tiough market for magoo
[15:45] {Threei} made money and whining
[15:45] {Threei} sigh
[15:45] {magoo} up 200
[15:46] {Threei} the nerve on some
[15:46] {magoo} id slap me
[15:46] {magoo} id=i'd
[15:47] {Threei} thus I won't
[15:47] {magoo} xcuse me..day 7
[15:47] {Threei} argh... that did it
[15:47] {magoo} if majke it out today alive
[15:47] * Threei slaps magoo around a bit with a large trout
[15:47] {Threei} alive yes, but this fishy smell...
[15:47] {Threei} OK, I'll take some OMNI I guess
[15:47] {Threei} risky
[15:48] {magoo} not 1..but 2 today...alls well
[15:51] {Threei} OMNI on the move
[15:52] {Threei} PPC
[15:52] {Threei} STATES COMPANY DOES NOT SHIP CHICKEN TO RUSSIA
[15:52] {Threei} lol
[15:52] {Threei} neither di I
[15:52] {Threei} but I don't run around posting headlinea about it
[15:52] {_Kazaam} lol
[15:52] {Threei} OMNI baby
[15:52] {Threei} half out
[15:52] {Threei} half for overnight
[15:53] {Threei} that was another 150 bucks for you mags
[15:53] {Threei} now... may I hope to be taken off ignore?
[15:53] {_rant} how do u spot breakouts ?
[15:54] {Threei} scanner
[15:54] {Threei} it spits them out like tennis ball machine
[15:54] {_rant} and scan for what kind of formula
[15:54] {Threei} not formula
[15:54] {Threei} chart fomration
[15:54] {Threei} formation
[15:55] {_Kazaam} are you using trade ideas?
[15:55] {Threei} our version of it
[15:55] {Threei} IntelliScan
[15:55] {Threei} has our setups built in
[15:56] {_rant} i use strategyDesk
[15:56] {Threei} including JBE and DBI, my setups for breakout/breakdown
[15:56] {_rant} jbe ?
[15:56] {Threei} OK... you need to read some of our matwerials :)
[15:56] {_rant} ya :0
[15:56] {Threei} techniques of tape Reading
[15:56] {Threei} The master profit plan
[15:56] {Threei} these two is a must
[15:57] {Threei} scalping video course IF you focus on intraday trading
[15:57] {Threei} I am ready to answer any questions, but you realize I can't retype whole book here :)
[15:58] {_rant} sure..will go through it..
[15:58] {Threei} btw
[15:58] {fernp} IMO video course also is a must
[15:58] {Threei} if after reading through the website you decide you need it, pay attention to best value offer
[15:59] {_rant} but wot i am not clear is, u still have to tell intelliscan software wot u r looking for
[15:59] {Threei} MPP, videocourse and online course, and psych CDs ASND two months of room on top
[15:59] {Threei} that's not even value... that's a steal
[15:59] {_rant} based on some conditions it will pop out some stocks..right
[15:59] {Threei} there are preconfigured strategies in it rant
[16:00] {Threei} can tweak them all you want,
[16:00] {Threei} or can use them as it is
[16:00] {_rant} i see
[16:00] {Threei} OK guys, gotta leave now
[16:00] {Chaeron} QTWW :)
[16:00] {Threei} have accountant appointment on corporate taxes
[16:00] {Threei} yes chaeron :)
[16:01] {Threei} thank you all
[16:01] {Chaeron} thanks Vad
[16:01] {fernp} TY vad
[16:01] {Threei} turned out a rather nice day
[16:01] {_rant} thanks vad
[16:01] {Threei} see you tomorrow
[16:01] {dptl} have a good evening all
[16:01] {_Kazaam} adios everybody
[16:03] {magoo} TY vad
[16:03] {magoo} thanx all
Monday, June 2, 2008
Jun 02 2008
Session Time: Mon Jun 02 00:00:00 2008
[08:02] {Threei} CPST
[08:02] {Threei} ANNOUNCES FIRST ORDER FOR NEW C1000
[08:31] {Threei} CSIQ
[08:31] {Threei} SIGNS $500M SUPPLY AGREEMENT WITH NEO SOLAR POWER- Under the terms of the new agreement, NSP will supply several hundred megawatts (MW) of solar cells through 2013
[08:32] {Threei} NKTR
[08:32] {Threei} POSITIVE DATA ANNOUNCED FOR NKTR-102 (PEG-IRINOTECAN), HIGHLIGHTS PROMISE OF NEKTAR'S INNOVATIVE SMALL MOLECULE PEG-ONCOLYTICS
[08:32] {Threei} NKTR interesting daily
[08:35] {Threei} 06/01/08 10:03pm Energy: FT reports that prices in the solar power industry could collapse
[08:43] {magoo} morn
[08:43] {Threei} magoo :)
[08:47] {magoo} news ACOR?
[08:47] {Threei} 06:00am [ACOR] Releases positive data from a second Phase III study of Fampridine-SR on the walking ability of people with multiple sclerosismore
[08:48] {magoo} good pre volume vad
[08:58] {magoo} ACOR very active vad, any read?
[08:58] {Threei} on such gap, no
[09:00] {Threei} FSLR sizeable hit
[09:03] {magoo} IMCL down..news?
[09:04] {Threei} 08:20am [IMCL] CEO: Erbitux trials were in patients with more severe illness than patients in Avastin trials -- TV interview
[09:05] {Threei} BEXP
[09:05] {Threei} ANNOUNCES VICKSBURG AND WILLISTON BASIN RED RIVER DISCOVERIES
[09:09] {fernp} good morning
[09:12] {Threei} fern :)
[09:20] {dptl} good morning all
[09:20] {Threei} dp :)
[09:21] {pita} gm everyone
[09:21] {Threei} pita :)
[09:21] {Threei} observing CPST battle
[09:21] {Threei} daily formed bull flag
[09:22] {Threei} break of 4 - 4.05 zone is an idea for entry
[09:23] {Threei} if loses 4.90, will have to re-evaluate
[09:23] {Threei} 3.90 sorry
[09:24] {_osbo} hi
[09:25] {Threei} osbo :)
[09:25] {Threei} QTWW is still on radar too
[09:27] {dino} gm all
[09:27] {Threei} dino :)
[09:28] {Threei} BEXP is trying
[09:29] {Threei} risky one
[09:29] {Threei} I'd like to see some consolidation on it first
[09:31] {Threei} let's try CPST 4.01 long with stop under 3.90
[09:32] {magoo} dont look BEXP
[09:32] {magoo} sigh
[09:32] {Threei} untradeable spike
[09:34] {Threei} drop closer to 15 if we are lucky
[09:34] {Threei} small shares if gives entry
[09:34] {Threei} volatility is a killer on it
[09:35] {magoo} yeah
[09:36] {Threei} WIND, another one of interest if pulls back
[09:37] {Threei} cpst invaliadated
[09:37] {magoo} look at RIMM vad
[09:37] {magoo} if IF mkt turns up
[09:38] {dino} abmd
[09:39] {Threei} 07:00am [ABMD] Receives 510(k) clearance from the FDA for Impella 2.5 device
[09:40] {Threei} FRPT
[09:40] {Threei} WINS STAY FROM NASDAQ DELISTING UNTIL SEPTEMBER 15, 2008
[09:42] {Threei} SBAC half lot long .50 if stays above .35
[09:45] {Threei} WIND worth a try here
[09:45] {Threei} .21 long
[09:45] {Threei} .09 stop
[09:46] {Threei} market can't find floor so far
[09:46] {dino} wants -200 dji
[09:48] {Roman} 21 BCON
[09:48] {Roman} 21 long
[09:48] {Roman} 21 1.97
[09:48] {Roman} 21 small
[09:51] {Threei} WIND invalidated
[09:52] {Threei} fuqi
[09:52] {dino} hrs
[09:55] {dino} hrs sm l .35
[09:55] {Threei} slow one, acts like salmon: RFMD
[09:56] {Threei} break of 4 on daily leaves it with no resistance for quite a while
[09:56] {Threei} 4.10 worth a try with stop under 4
[09:57] {Threei} what's got into ROYL
[09:59] {dino} athn
[10:00] {Threei} MAY ISM MANUFACTURING: 49.6 V 48.5E; PRICES PAID: 87 V 85.0E
[10:00] {Threei} APR CONSTRUCTION SPENDING M/M: -0.4% V -0.6%E
[10:02] {Threei} SEED
[10:02] {Threei} .75 long
[10:02] {Threei} stop under .60
[10:03] {Threei} WHITE HOUSE OFFICIAL: CLIMATE CHANGE BILL COULD CUT GDP BY AS MUCH AS 7% IN 2030
[10:03] {Threei} let's worry about that in 2029
[10:05] {esemde} I' am in....good morning. still struggling with log in. have to go to your webste Vad and take server number to log in in ...not automatic anymore
[10:05] {Threei} hi ese
[10:05] {Threei} enter it as a resreve server in your mirc
[10:05] {Threei} will be much faster
[10:06] {Threei} host experiences DNS problem, so have to log in with direct IP
[10:06] {esemde} what is mirc
[10:06] {Threei} this software we are in right now :)
[10:06] {esemde} ahhhh
[10:07] {Threei} File-Options-Connect-Add
[10:07] {esemde} Ok where do i find that
[10:07] {esemde} tks your fast
[10:07] {Threei} btw, IntelliScan users, everyone got e-mail?
[10:07] {esemde} yes
[10:08] {magoo} yes
[10:15] {Roman} 21 QTWW Quantum Fuel resumed with a Buy at Ardour Capital; tgt $4.50 (2.45 +0.02)
[10:15] {Threei} let's trail SEED to under .65
[10:15] {Threei} QTWW daily looks interesting if breaks .57
[10:15] {esemde} nice idea Vad sharing your scans....
[10:15] {esemde} tks
[10:15] {Threei} :)
[10:16] {Threei} Geo's idea
[10:17] {Threei} new 52 week highs will put QTWW in almost uncharted territory... last time it was above these levels was in 2006
[10:18] {Threei} XIDE
[10:18] {Threei} .25 half lot long
[10:18] {Threei} stop under17
[10:20] {judijim} gm everyone
[10:20] {Threei} come on XIDE, you can move
[10:20] {Threei} jj :)
[10:21] {dino} axys
[10:22] {Roman} 21 FEED
[10:22] {Roman} 21 long small
[10:22] {Roman} 21 15.53
[10:24] {Threei} BRCM
[10:24] {Threei} 28 breakdown short
[10:25] {Threei} .11 stop/invalidating level
[10:25] {Threei} .21 is better resistance but want to keep it tight, even at risk of being shaken out
[10:26] {Threei} off radar
[10:27] {Chaeron} good morning all
[10:27] {magoo} C babt:)
[10:27] {esemde} CcccccccHhhhhhhh baby
[10:28] {Threei} chaeron :)
[10:28] {Chaeron} heya mags, ese, Vadster
[10:28] {dino} hrs stop to .42
[10:28] {dino} out +.07
[10:32] {Roman} 21 GEOI
[10:32] {Roman} 21 wants over @9
[10:32] {Roman} 21 29
[10:33] {magoo} .
[10:33] {Threei} BEXP will never stop uh?
[10:33] {magoo} ..
[10:34] {magoo} vad server quick..quotes
[10:34] {Threei} neither will acor
[10:34] {Chaeron} whatcha need mags?
[10:34] {magoo} quote server??
[10:34] {magoo} im dead here
[10:34] {Threei} quotes off
[10:35] {Chaeron} yep
[10:35] {Threei} grr
[10:37] {dino} what do you guys need?
[10:37] {Threei} XIDE?
[10:37] {dino} bexp 17.50, hrs 55.25, rimm 136.40
[10:37] {hawkfan4} 16.98
[10:37] {hawkfan4} xide
[10:38] {Threei} ugh
[10:38] {dino} 17 xide
[10:38] {Threei} ty... and RFMD?
[10:38] {Chaeron} back on
[10:38] {Chaeron} 4.04
[10:39] {dino} 4.05
[10:39] {Threei} ok back here too
[10:39] {magoo} server??
[10:39] {Chaeron} #5 here
[10:39] {Threei} 3
[10:40] {magoo} ty
[10:40] {magoo} charts??
[10:40] {Chaeron} #3
[10:41] {magoo} ty guys
[10:42] {Chaeron} :)
[10:42] {dino} no problem man
[10:42] {dino} (as dino re-lives a jamaica trip)
[10:43] {Chaeron} I think XIDE invalidated
[10:43] {magoo} dino passes by with beads and braides in his hair
[10:43] {Chaeron} dino - shuddap.. :))
[10:44] {fernp} out JBL +.40
[10:44] {magoo} BEXP just has the feel vad
[10:44] {dino} irea mon
[10:45] {Threei} what was that on VVUS?
[10:46] {Roman} 21 out 1/2 FEED +.58
[10:46] {Threei} FEED works roman
[10:47] {Threei} nice one
[10:47] {Threei} I can't find squat so far
[10:47] {Roman} 21 still in SEED?
[10:47] {Threei} yeah
[10:47] {Threei} FEED helps it
[10:48] {Threei} not sure it has mojo
[10:48] {Threei} expected it to perform much better after taking big resistance
[10:50] {Threei} .50 loss short BEXP, half lot
[10:51] {magoo} now that scares me...
[10:51] {magoo} i like it long
[10:51] {Chaeron} in caxses like this magoo, do the opposite of what *I* do :)
[10:52] {magoo} what u gonna do?
[10:52] {Chaeron} I'm not tellin' :P
[10:52] {magoo} that makes it hard
[10:52] {Threei} use .75 as invalidating level
[10:53] {Threei} there... no need to be scared anymore :)
[10:53] {Roman} 21 long CSUN
[10:53] {Chaeron} I was trying for long at .76
[10:53] {magoo} feel much better now, TY
[10:53] {Roman} 21 1/3 size small 11.68
[10:53] {Roman} 21 SOLF, JASO, radar
[10:54] {Roman} 21 long ESLR
[10:54] {Roman} 21 10.08
[10:54] {Roman} 21 small
[10:55] {dino} athn sm l .10
[10:56] {magoo} BEXP risky..but feel 19 comith
[10:57] {magoo} not in
[10:57] {magoo} i will post if go
[10:57] {magoo} very RISKY
[10:57] {magoo} like trying to pluck tomatoe off end of vads kabob
[10:57] {magoo} while he holding it
[10:59] {Threei} in yet?
[11:00] {magoo} no
[11:01] {Threei} viscous market today
[11:01] {Threei} not my kind
[11:01] {magoo} thats the problem
[11:01] {magoo} mkt won't go
[11:01] {magoo} very weak market
[11:02] {magoo} my grandfather warren always said...go with your gut
[11:02] {magoo} u may know him
[11:02] {Threei} LDK
[11:02] {magoo} buffet?
[11:02] {Threei} .90 half lot long
[11:02] {Threei} this pullback will show the stop level
[11:03] {dino} lod's
[11:04] {Threei} QTWW honestly trying
[11:04] {dino} as opposed to?\
[11:05] {Threei} all those that just pretend to
[11:05] {dino} ahhh i knew you had a point
[11:07] {Roman} 21 ACPW Active Power announces China Utility selects eight powerHouse systems from Active Power (1.46 +0.06)
[11:07] {Roman} 21 big new fo ACPW
[11:07] {magoo} dubya on cnbc..seems confused lol
[11:07] {Roman} 21 in 1.70
[11:07] {magoo} l aapl here .77
[11:08] {magoo} small..stop lod
[11:10] {Roman} 21 long GLBL
[11:10] {Roman} 21 17.39 , slow
[11:11] {Threei} finally SEED
[11:11] {magoo} out here .01
[11:11] {magoo} + .34
[11:12] {Threei} wtg
[11:12] {Threei} out SEED .90
[11:12] {magoo} has more but heh..scalpin
[11:15] {magoo} LDK invalid vad?
[11:15] {dino} avan
[11:16] {Threei} yeah
[11:16] {Threei} scalped CSUN, ty Roman
[11:16] {Threei} AVAN
[11:16] {Threei} EXTENDS SURVIVAL BY 33.1 MONTHS, DBL TIME IT TAKES FOR TUMOR TO REGROW
[11:18] {magoo} l bexp .30 if gets there RISKY..too appx. .9123246
[11:18] {magoo} needs to trigger..scary on pullbacks
[11:19] {Threei} sheesh AVAN
[11:19] {dino} top?
[11:20] {Chaeron} I feel as though the trades are all passing me bye, pointing and laffing as they go...
[11:20] {dino} v sm waiting at 22.40 for now
[11:20] {Chaeron} by... sorry Raven... too fast fingers
[11:20] {dino} me too chaer
[11:20] {magoo} vad too
[11:21] {dino} everything feels a bit off today
[11:21] {magoo} vad..AVAN avail short just in case
[11:21] {Threei} true dino
[11:21] {Threei} those that move don't give clean entries
[11:21] {Threei} and those that show setups don't move
[11:22] {dino} y
[11:22] {Threei} Monday hangover
[11:22] {dino} i have 6 orders floating out there, nothing hitting
[11:22] {magoo} i have 6 stops out there..all vads
[11:23] {Threei} here is today's market:
[11:23] {magoo} KIDDING {just want my trout}
[11:23] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:25] {Threei} good news
[11:25] {Threei} Google finance has real time quotes now
[11:25] {magoo} funny video vad
[11:25] {Threei} we may stop trading off 15 minutes delay
[11:25] {Threei} http://googlefinanceblog.blogspot.com/2008/06/nasdaq-quotes-go-real-time-on-google.html
[11:29] {dino} gifi
[11:30] {Threei} BRCM 28 short would have worked if I didn't overtighten invaliding level
[11:30] {Threei} day of missed opportunities, today is
[11:31] {dino} indeed
[11:32] {dino} whats w/gifi?
[11:32] {magoo} well..day is still young
[11:32] {Threei} nothing fresh GIFI
[11:32] {magoo} lotsa time to miss lots more
[11:32] {Threei} lol
[11:32] {dino} lol
[11:33] {magoo} l aapl .50
[11:33] {dino} magoo, forever the optimus (not)
[11:33] {magoo} small
[11:33] {magoo} stop .11
[11:33] {dino} optimist
[11:35] {magoo} i am what i am..just a man..doing best i can
[11:35] {Threei} magoo doing poerty is last thing I hoped to see
[11:36] {magoo} waiting on aapl @ 187.11
[11:36] {dino} popeye
[11:36] {magoo} no..last thing u want to see is magoo doing porno he he
[11:37] {Threei} even mental image of that burns my retina
[11:37] {dino} here comes the -200
[11:38] {dino} cx avan short order, sometimes i expect too much
[11:38] {pita} later all
[11:38] {Threei} take care pita
[11:40] {magoo} bye pita
[11:40] {Threei} ever seen 40 cents spreadon $2 stock?
[11:41] {Threei} EDEN
[11:43] {magoo} aapl hits 2:1..u on your own...i still in it
[11:47] {Threei} VLNC woke up a bit today
[11:47] {Threei} had news earlier, I hesitated about it because none of this small ones moved
[11:47] {Threei} didn't want to get stuck in one more
[11:48] {Threei} look at QTWW... new 52 week highs, perfect daily, news... and it barely moved
[11:48] {Threei} in the right sector too
[11:48] {Threei} ENER
[11:48] {Threei} UNITED SOLAR OVONIC EXPANDING -- EXPECTS TO ADD 400 JOBS IN GREENVILLE, MICHIGAN
[11:50] {Threei} Roman is about the only bright star in the sky today
[11:50] {magoo} i hit a couple
[11:50] {magoo} scalpers
[11:51] {Threei} sure did
[11:51] {Threei} but I ignore you, you know that, right?
[11:51] {magoo} oh right :)
[11:51] {Threei} :)
[11:56] {Threei} RIMM long here with stop under .70
[11:58] {dino} lol
[11:59] {Threei} 1:1 in a hurry
[12:01] {Threei} QTWW new high, full cents higher than old high
[12:01] {Threei} with such blazing speed it risks to burn its skin to blisters
[12:02] {hawkfan4} lol
[12:03] {Threei} wow... magoo, look what stock I found
[12:03] {Threei} MAGS
[12:04] {magoo} AWESOME..u can buy stake in me
[12:04] {Threei} you've got nice chart but lousy volume
[12:04] {magoo} thats what my wife tells me
[12:04] {Threei} be a doll and trade half mil, will ya
[12:05] {Threei} look at little engine that could
[12:05] {Threei} QTWW I mean
[12:05] {Threei} bravely made another cent
[12:07] {Threei} RIMM 1:2 almost
[12:07] {Threei} out .27
[12:07] {Threei} +.36
[12:07] {Threei} irony aside... just how anemic market ought to be to ignore all the factors in QTWW
[12:08] {Threei} in any kind of more or less active market I would expect this thing to be closer to 3 already
[12:16] {Threei} JRCC, small shares long if stays above 40 and takes 40.15
[12:19] {Threei} not likely to hold
[12:19] {Threei} but if does, has real power
[12:20] {dino} cme 404,
[12:20] {Threei} in
[12:20] {Threei} .95 stop
[12:21] {Threei} showed nice determination taking all those offers, gotta respect that
[12:21] {Threei} hopefully can take .20 too
[12:21] {magoo} where u in? .15
[12:21] {Threei} got patials, .10, .14 and .15
[12:21] {magoo} k
[12:21] {Threei} there were hidden orders I guess
[12:22] {magoo} probably roman :)
[12:22] {Threei} come on JRCC, be finally one that works for real
[12:25] * Threei pokes JRCC with sharp stick
[12:27] {Threei} like poking amoeba
[12:29] * Threei kicks JRCC in the rear with steel-toed heavy duty army boots
[12:29] {dino} poking and amoeba should not be in same sentence
[12:29] {Chaeron} lost carrot from last week?
[12:29] {Threei} ok... let's try that
[12:29] * Threei dangles a carrot in front of JRCC's nose
[12:32] {Threei} does its amoeba-like shape prevents me from telling where the nose is vs rear?
[12:34] {Threei} now now JRCC... don't look baack anymore
[12:35] {dino} lod
[12:35] {Threei} sheesh... sudden market drop stoped it just when it was ready
[12:35] {Threei} S&P CUTS INVESTMENT BANK RATINGS INCLUDING MERRILL, LEHMAN AND MORGAN STANLEY
[12:35] {Threei} this is what send market down IMO
[12:36] {Threei} look aat MER and LEH
[12:38] {dino} -200
[12:39] {Threei} sigh
[12:39] {Threei} stopped JRCC
[12:39] {Chaeron} blame S&P... they could have waited a few more minutes...
[12:40] {Threei} or we should have taken 1:1
[12:40] {Threei} but heck, didn't this thing have all the markings of a real runner
[12:44] {dino} 12440 support area 1948 ndx
[12:48] {Threei} ACOR short small shares .55, .75 stop
[12:48] {dino} sm l avav .41
[12:49] {Threei} LEH half lot short.15
[12:49] {Threei} stop .35
[12:49] {Threei} too fast LEH?
[12:50] {Threei} or someone managed to get it?
[12:50] {magoo} not i
[12:50] {Chaeron} nor I
[12:50] {Threei} cut through tirgger too quickly
[12:51] {Threei} 0ver 50 cents drop...
[12:54] {dptl} ah...stopped acor
[12:54] {Threei} did it trigger?
[12:55] {Threei} I must have missed it with LEH
[12:55] {dptl} .77 trades went off
[12:55] {Threei} no, I mean trigger on entry
[12:56] {dptl} yes got .54
[12:56] {Threei} one of those days
[12:56] {dptl} yeah...i am having really bad day
[12:57] {Threei} not a first time... and you always recovered and made some
[12:58] {dino} ksws s .52
[13:00] {Threei} ese, look dcc please
[13:02] {Threei} market reacts on financials news as if it was a surprise
[13:03] {Threei} like anyone in their right mind thought everything was fine in fancial sector
[13:03] {Threei} financial
[13:04] {dino} ksws stopped -.25
[13:08] {Threei} MER new lows
[13:08] {Threei} LEH stabilized so far
[13:09] {Threei} better bounce candidate
[13:13] {dino} ipi sm l .55
[13:14] {Threei} Roman, still in CSUN?
[13:15] {Roman} 21 no
[13:15] {Roman} 21 out
[13:15] {Threei} OK... moved nicely after all
[13:19] {Threei} LEH pullback worth long try
[13:22] {Threei} first strength from here
[13:23] {Threei} in .91
[13:23] {Threei} stop under .80
[13:24] {Threei} out half +.12
[13:24] {Threei} stop ro .88
[13:24] {Chaeron} I took +.14 scalp... many thanks for LEH
[13:24] {Threei} welcome
[13:25] {Chaeron} in .93 - out .07
[13:28] {Threei} MER .15 long if stays above 42
[13:30] {Chaeron} heck
[13:34] {Threei} S&P: RETIRING OLD ANALYTICAL MODEL, WILL NOW CONCENTRATE ON RISK BASED CAPITAL ANALYSIS
[13:34] {Threei} what did they concentrate before on?
[13:37] {Threei} interesting... LEH drops alone this time
[13:37] {Threei} MER is holding, market too
[13:37] {Threei} are they in the race now "who is next BSAC"?
[13:38] {magoo} BEXP interesting
[13:38] {Threei} wou;dn't you expect JPM to go up on all this, since they are likely to buy next failed bank for $3? {G}
[13:40] {Threei} MER is valid again, IMO
[13:40] {magoo} in aggressive .12
[13:40] {Threei} lol
[13:40] {Threei} me too
[13:41] {hawkfan4} me three
[13:41] {magoo} chaer??
[13:41] {Threei} uh oh
[13:42] {Chaeron} not me - dang phone
[13:43] {dptl} stop 42?
[13:43] {Threei} under
[13:43] {dptl} ok
[13:43] {Threei} it tagged .95 on last pullback
[13:43] {Threei} so it's either .99 or .94 now
[13:43] {Threei} depending on your entry, position size and risk tolerance
[13:45] {Chaeron} mer long @ .15?
[13:45] {Threei} magoo... you decide
[13:47] {magoo} huh?
[13:47] {Threei} let chaeron in or not
[13:47] {magoo} alright..let him know
[13:47] {magoo} been weird day..who knows
[13:47] {Threei} chaeron... magoo said yes
[13:48] {magoo} may help
[13:48] {Threei} what do you know... it did
[13:52] {Chaeron} I miussed
[13:52] {Chaeron} I am so mad... phone
[13:52] {Chaeron} too late?
[13:52] {Threei} don't chase
[13:52] {Threei} chart looks good but this is very liquid situation
[13:52] {Threei} MER is in the middle of hot battle
[13:53] {Threei} anything can happen here
[13:54] {Threei} for .12 entry 1:1 here
[13:55] {Threei} FED'S LOCKHART: CURRENT STANCE ON POLICY IS APPROPRIATE, BALANCED FOR RISKS, FED MUST BE FLEXIBLE WITH RATE STANCE - Q&A
- Policy must be flexible to repond to developments, either on the ground or inflation.
[13:55] {Threei} - There is no doubt that the weaker dollar has helped US exports, raised commodity prices.
[13:55] {Threei} - Sees US economic growth below 2.5-3.0% in 2009, growth in 2009 will be higher than H208 but below potential.
[13:55] {Threei} - Libor can continue to seve the market well, libor is a vital part of the financial system.
[13:59] {magoo} .
[14:00] {Chaeron} sigh
[14:00] {magoo} i said u could go with us
[14:01] {Chaeron} I couldn't get
[14:02] {Chaeron} I hate my phone toiday
[14:02] {Threei} me out at .40
[14:03] {Threei} magoo, hawk... you still in?
[14:03] {hawkfan4} yes
[14:03] {Threei} brave soul
[14:04] {Threei} dp?
[14:04] {dptl} still in
[14:04] {magoo} me too
[14:04] {Threei} good luck guys... my scalper's blood is boiling
[14:05] {dino} avav stop to .81
[14:08] {hawkfan4} out .54, thx Vad
[14:08] {Threei} sheesh you guys... 40 cents is not enough for you to take partial at least?
[14:08] {Threei} whew
[14:08] {dino} pigs
[14:09] {Threei} looking at its chart today, is it reasonable to expect it to recover all the way to 43?
[14:09] {Threei} stranger things happened of course
[14:09] {_rant} any read on FMCN ?
[14:10] {Threei} FMCN is weither short on 38 breakdown or long on 38.15 breakout
[14:10] {Threei} small shares in any case
[14:10] {Threei} volatile one
[14:10] {_rant} thx
[14:10] {_rant} ya...it is
[14:10] {Threei} sure... be careful with it
[14:10] {_rant} huge short interest
[14:10] {Threei} capable of hurting bad
[14:11] {_rant} mkt seems to be done with selling..i guess
[14:11] {Threei} looks this way
[14:11] {magoo} still in
[14:11] {Threei} mags, dp, you have over 60 cents profit
[14:11] {Threei} do I have to trout you to protect some?
[14:11] {magoo} out .67 TY
[14:12] {Threei} too late
[14:12] * Threei slaps magoo around a bit with a large trout
[14:12] {Threei} I already decided to trout you
[14:12] {Threei} but welcome :)
[14:12] {Chaeron} nice job magoo... I'll have to sit out more often
[14:12] {magoo} i got in .12 w/u
[14:12] {Threei} cut that cord chaeron
[14:13] * Threei slaps dptl around a bit with a large trout
[14:13] {dptl} offering 43.15
[14:13] {Threei} eeck
[14:14] {Threei} are you trying to recover previous stops all in one swoop?
[14:14] {dptl} traling under .50
[14:14] {Threei} OK, if trailing then valid way to play it
[14:15] {Threei} I withdraw my objections
[14:15] {Threei} but not trouting
[14:15] {dino} avav stop to .92
[14:15] {Threei} nice one dino
[14:16] {dino} ty
[14:16] {dino} nobody pays attention anymore, :)
[14:16] {Threei} I do
[14:16] {Threei} I just pretend not to
[14:16] {dino} lol
[14:16] {dino} see, bruce would
[14:16] {Threei} just to maintain an image of generally not very nice man, you know
[14:17] {dino} take it to .99
[14:17] {Threei} LEH followed the path of recovery too but I was hesitant on it
[14:17] {Threei} didn't like how it dropped while MER and market overall stopped making new lows
[14:18] {Threei} ROYL... very scary thing,
[14:19] {Threei} as it pulls back into .50 resistance those who are seriousl adrenalin deprived may consider an entry
[14:19] {Threei} sorry, .50 support
[14:20] {dino} ncoc
[14:23] {dptl} ahh out .50 mer ty
[14:24] {Threei} welcome
[14:24] {dino} gj
[14:24] {Threei} with LEH and MER plays, did we minimize damage?
[14:25] {dino} avav tighten to .13
[14:25] {Threei} too bad that LEH short got away.... was pure beauty
[14:26] {dino} ath stop to .40 all day
[14:29] {dino} to .58
[14:31] {dino} avav to .31
[14:31] {magoo} anyone hit ROYL?
[14:31] {Chaeron} not my type of spread... thanks tho
[14:32] {dino} out avav .35 ave. +.94
[14:33] {Threei} wtg
[14:33] {dino} lucky
[14:33] * magoo slaps dino around a bit with a large trout
[14:33] {dino} should've caught me on tight stop sooner
[14:34] {Threei} LEHMAN MAKING CAUTIOUS COMMENTS ON SOLAR NAMES- Cautions on companies with strong Spanish business due to the possible ramifications of new Spanish legislation inhibiting MW growth.{SOLF CSIQ STP YGE}
[14:34] {dino} out athn .63 +.53
[14:34] {Threei} CFC?
[14:35] {Threei} asnyone sees any news?
[14:36] {hawkfan4} 14:32 CFC Countrywide: BAC CEO Lewis affirms Countrywide purchase - Bloomberg (5.40 +0.14)
[14:36] {Threei} ty, not on my wires
[14:36] {dino} 8/15 expected close date 6.11/sh
[14:37] {Threei} 6.11 cash?
[14:38] {dino} bac no .1822
[14:38] {Threei} here is from earlier todasy:
[14:38] {Threei} [BAC] Bank of America Corp CEO: Sees no reason for dividend cut, has no interest in buying investment bank, sees no need for strategic acquisitions at this time
[14:38] {Threei} - Notes sees current credit crunch better than 1973-1974
[14:38] {Threei} - Affirms CFC purchase if markdowns are accurate, notes that CFC has better technology
[14:39] {Threei} so it's still conditional and tied to BAC price
[14:39] {Threei} tough to play
[14:40] {Threei} ROYL start looking like momo resumption, mags
[14:41] {Threei} 7.90 - 8 area if taken can send it anywhere
[14:41] {Threei} to 9 or to 7
[14:41] {Threei} make your pick
[14:45] {Threei} rant, nice scalp if you shorted FMCN
[14:45] {Threei} 1:2 easy
[14:57] {Threei} LULU earnings after closer
[14:58] {Threei} ACOR
[14:58] {Threei} CEO: APPROVAL OF FAMPRIDINE WOULD TRANSFORM COMPANY- says drug sales could finance research on other multiple sclerosis-related drugs, two newer drugs have repaired nerve insulation in animals
[14:59] {Threei} if QTWW closes around here, going to take it home
[14:59] {Threei} could turn into swing trade
[15:00] {magoo} is LULU the crazy one?
[15:00] {Threei} yes
[15:00] {Chaeron} well named
[15:01] {Threei} LOL!!!
[15:01] {Threei} look at this
[15:01] {Threei} MER
[15:01] {Threei} HEARING DEFENDED AT LEHMAN BROTHERS (TIMING UNCERTAIN){MS}
[15:02] {Threei} now I am waiting for MER defending LEH, and after that I will be able to say "now I've seen it all"
[15:07] {Threei} CSUN spiking
[15:10] {Threei} CSUN
[15:10] {Threei} CREDIT SUISSE DISCLOSES 15.7% STAKE PASSIVE STAKE, UP FROM 2% REPORTED IN MARCH - FILING
[15:14] {Threei} LEH daily looks like catastrophe in the making
[15:14] {magoo} short setup?
[15:15] {Threei} hard to tell
[15:16] {Threei} nothing really on intraday
[15:18] {Threei} let's keep an eye on both of them tomorrow
[15:18] {Threei} LEH andf MER
[15:19] {Threei} less interested in MS
[15:20] {Threei} JPM maybe short tomorrow if consolidaates close to 41.60 and breaks down
[15:22] {Threei} why am I stuttering on a all the time
[15:23] {magoo} ?
[15:23] {Threei} consolidaates
[15:24] {Threei} LEH is really the weakest in the group
[15:24] {Threei} probably will be our main target among financials tomorrow
[15:25] {Threei} unless I forget
[15:26] {Chaeron} I'll remind you
[15:27] {Threei} thank you
[15:27] {Threei} (providing you don't forget)
[15:27] {magoo} LOOK at qqqq chart
[15:28] {Threei} ?
[15:28] {magoo} as in upward
[15:29] {Threei} ugh... CSUN waoke up
[15:31] {_Kazaam} vad, can trial members ask questions?
[15:31] {Threei} can? they must
[15:31] {Threei} :)
[15:32] {_Kazaam} thanks : )
[15:32] {magoo} isn't that a question? lol
[15:32] {Threei} sure
[15:32] {Threei} lol
[15:32] {_Kazaam} heh
[15:32] {Threei} we are fairly democratic bunch
[15:32] {Threei} except magoo
[15:32] {Threei} he is dictator
[15:32] {dino} slap him
[15:32] {Threei} nope
[15:32] {Threei} he loves it too much
[15:33] {magoo} c'mon....i dare ya
[15:34] {dino} double dog dare
[15:34] {_Kazaam} is the basic screening method for finding tradable stocks to watch the news? or do you guys trade the same basket of stocks everyday?
[15:34] {Threei} 3 things
[15:34] {Threei} 1. Usual suspects
[15:34] {Threei} those that we know to move nicely and have usually a read on
[15:34] {Threei} RIMM, AAPL, at some point BRCM and NVDA
[15:35] {Threei} 2. news-imapcted ones that get activity
[15:35] {Threei} and most broad group is those found by scanner
[15:35] {Threei} Scanner is tuned for our most traded setups
[15:35] {Threei} so it spits them out
[15:35] {Threei} we pick those that look good
[15:36] {Threei} thrid group provides mosr plays
[15:37] {_Kazaam} were the LEH and MER plays based on News? or scanner?
[15:37] {Threei} news
[15:37] {Threei} that credit downgrade is a biggie
[15:37] {Threei} financial sector is very vulnerable
[15:38] {Threei} and this kind of news was sure to bring activity
[15:38] {_Kazaam} there is so much news, do you filter it or do you just watch it all?
[15:38] {Threei} filtering mentally
[15:38] {dino} less is more
[15:38] {_Kazaam} gotcha
[15:39] {_Kazaam} thanks
[15:39] {dino} layn spike
[15:39] {Threei} trying to pick only those items that are focused in hot sectors,
[15:39] {Threei} mention known to move symbols,
[15:39] {Threei} contain potentially big news
[15:40] {Threei} CSUN news for instance matched all three criterias
[15:40] {Threei} known name, hot sector, nice news
[15:41] {Threei} overall however, less than stellar day for us
[15:41] {Threei} somehow it must be magoo fault... not sure how
[15:41] {_Kazaam} thanks for the detailed rundown, has it been a breakeven day for most?
[15:41] {Threei} I personally am slightly in the red
[15:41] {Chaeron} don't know how I did it but netted -$1.00 before commish
[15:42] {Threei} and holding QTWW slightly in the money
[15:42] {Threei} will see if it brings me joy and happiness tomorrow
[15:42] {dino} black here but only 5 trades
[15:42] {Chaeron} nice ones tho dino :)
[15:43] {_Kazaam} one average how many trades do you guys take a day?
[15:43] {Threei} who cares how many trades dino... profitable on one beats losing on 15 :)
[15:43] {dino} ty lucky
[15:43] {dino} missed layn short
[15:43] {Threei} hmm... not sure... really depends on market activity
[15:43] {Threei} I'd say anywhere from 3-5 to 10-15
[15:43] {dino} me, 10
[15:44] {magoo} not good to overtrade..odds work against you
[15:44] {Threei} JRCC, what a disgusting way to shake us out, then explode
[15:44] {Threei} look at it
[15:44] {Threei} no, better don't
[15:45] {magoo} gggggrrrrrrrrrrrrrrrrr
[15:47] {Threei} QTWW trying high again
[15:48] {Threei} cute little bugger
[15:49] {Threei} ok ROYL... let's do it
[15:49] {Threei} cut through 8, will ya
[15:50] {dino} mdvn l .56
[15:50] {Threei} out 8.20
[15:51] {magoo} nice one dav:)
[15:51] {Threei} you mags?
[15:51] {magoo} oyut
[15:51] {magoo} TY
[15:51] {Threei} :)
[15:51] {Threei} wasn't easy one by any means
[15:51] {Threei} but it's your kind
[15:52] {magoo} is it magoo or was today REAL work?
[15:52] {_rant} who is buyin at these levels :)
[15:52] {_rant} up 40%
[15:52] {Threei} those to whome we sell
[15:52] {Threei} (happily)
[15:52] {magoo} some would say "smart money" buys into bell
[15:53] {Threei} certainly was tough to read day mags
[15:53] {Threei} ROYL too me in black
[15:53] {Threei} tok
[15:53] {Threei} took
[15:53] {magoo} me too vad
[15:53] {Threei} there... just a third attempt, and I get 4-letts word right
[15:54] {magoo} took all day to get there
[15:54] {Threei} yeah, early stops were like ballast on the feet
[15:55] {Threei} but heck... as long as put emotions in the back pocket and trade valid setups, things normalize sooner or later
[15:55] {Threei} losses go in clusters sometimes
[15:55] {Threei} instead of being evenly distributed
[15:56] {_rant} still flying
[15:56] {_rant} wow
[15:56] {Threei} QTWW new 1 cent-high
[15:56] {_rant} i had a lousy day..one of those days..where all trades were missed
[15:56] {Threei} it happens
[15:57] {_rant} no action..
[15:57] {Threei} don't let it become an emotional luggage
[15:57] {magoo} it was a tough day..tomorrow will be better..i vcan feel it
[15:57] {Threei} focussing on these things tends to create mental monsters
[15:57] {Threei} that eat you from inside
[15:57] {_rant} ya...forcing me to make mistakes
[15:57] {_rant} and break my own trading rules
[15:58] {Threei} hold on... lousy day meant you haven't gotten any trades?
[15:58] {_rant} ya
[15:58] {_rant} no trades at all
[15:58] {Threei} come on
[15:58] {_rant} just kept waiting and waiting
[15:58] {Threei} beats getting stopped too many times
[15:58] {_rant} :)
[15:58] {Threei} now, why missing them?
[15:58] {_rant} true
[15:58] {Threei} software too slow? you are too hesitant?
[15:58] {_rant} probably waitin for better price
[15:58] {_rant} hesistant...
[15:59] {Threei} setup has trigger...
[15:59] {Threei} trigger is hit, get in
[15:59] {Threei} I unerstand sometimes entry is a bit fuzzy
[15:59] {Threei} like when I say "first strength from here"
[15:59] {Threei} or "as close to ... as possible"
[16:00] {Threei} but when there is a defined trigger, like ".15 long is stays above ..."
[16:00] {_rant} i m normally skeptic when the mkt falls 200pts
[16:00] {Threei} just get it
[16:00] {_rant} coz most of my trades are short entry...
[16:00] {magoo} oh..no trades not lousy day...i thought u meant down hard
[16:00] {_rant} no action day...
[16:00] {Threei} yeah, my first thought too
[16:00] {magoo} dino says"any day up good day"
[16:00] {dino} flat or up is good imo
[16:00] {_rant} no thrill :)
[16:00] {Threei} ahhh
[16:00] {Threei} thrill
[16:01] {dino} lulu blood
[16:01] {Threei} REPORTS Q1 $0.12 V $0.12E, R$78.2M V $71.8ME
[16:01] {magoo} LULU tankage
[16:01] {_rant} big time
[16:02] {Threei} don't see guidance yet
[16:02] {_rant} spread is dangerous
[16:02] {Threei} well... it's lulu LEMON
[16:03] {dptl} have a good evening all
[16:03] {Threei} take care dp
[16:03] {Threei} thank you all
[16:03] {Threei} have a good evening
[16:03] {Threei} see you tomorrow
[16:03] {magoo} TY vad, nite all
[16:04] {_Kazaam} thanks, bye
[16:04] {_rant} thanks vad..
[16:04] {Threei} you too QTWW... may you open at 10
[16:05] {Threei} there you go LULU... guidance .68 - .71 vs .74 consensus
[16:05] {magoo} some leak it??
[16:07] {fernp} Thank you for everything Vad. See you tomorrow.
[16:21] {dino} gn all
[16:28] {judijim} Take good care, be back tomorrow
[08:02] {Threei} CPST
[08:02] {Threei} ANNOUNCES FIRST ORDER FOR NEW C1000
[08:31] {Threei} CSIQ
[08:31] {Threei} SIGNS $500M SUPPLY AGREEMENT WITH NEO SOLAR POWER- Under the terms of the new agreement, NSP will supply several hundred megawatts (MW) of solar cells through 2013
[08:32] {Threei} NKTR
[08:32] {Threei} POSITIVE DATA ANNOUNCED FOR NKTR-102 (PEG-IRINOTECAN), HIGHLIGHTS PROMISE OF NEKTAR'S INNOVATIVE SMALL MOLECULE PEG-ONCOLYTICS
[08:32] {Threei} NKTR interesting daily
[08:35] {Threei} 06/01/08 10:03pm Energy: FT reports that prices in the solar power industry could collapse
[08:43] {magoo} morn
[08:43] {Threei} magoo :)
[08:47] {magoo} news ACOR?
[08:47] {Threei} 06:00am [ACOR] Releases positive data from a second Phase III study of Fampridine-SR on the walking ability of people with multiple sclerosismore
[08:48] {magoo} good pre volume vad
[08:58] {magoo} ACOR very active vad, any read?
[08:58] {Threei} on such gap, no
[09:00] {Threei} FSLR sizeable hit
[09:03] {magoo} IMCL down..news?
[09:04] {Threei} 08:20am [IMCL] CEO: Erbitux trials were in patients with more severe illness than patients in Avastin trials -- TV interview
[09:05] {Threei} BEXP
[09:05] {Threei} ANNOUNCES VICKSBURG AND WILLISTON BASIN RED RIVER DISCOVERIES
[09:09] {fernp} good morning
[09:12] {Threei} fern :)
[09:20] {dptl} good morning all
[09:20] {Threei} dp :)
[09:21] {pita} gm everyone
[09:21] {Threei} pita :)
[09:21] {Threei} observing CPST battle
[09:21] {Threei} daily formed bull flag
[09:22] {Threei} break of 4 - 4.05 zone is an idea for entry
[09:23] {Threei} if loses 4.90, will have to re-evaluate
[09:23] {Threei} 3.90 sorry
[09:24] {_osbo} hi
[09:25] {Threei} osbo :)
[09:25] {Threei} QTWW is still on radar too
[09:27] {dino} gm all
[09:27] {Threei} dino :)
[09:28] {Threei} BEXP is trying
[09:29] {Threei} risky one
[09:29] {Threei} I'd like to see some consolidation on it first
[09:31] {Threei} let's try CPST 4.01 long with stop under 3.90
[09:32] {magoo} dont look BEXP
[09:32] {magoo} sigh
[09:32] {Threei} untradeable spike
[09:34] {Threei} drop closer to 15 if we are lucky
[09:34] {Threei} small shares if gives entry
[09:34] {Threei} volatility is a killer on it
[09:35] {magoo} yeah
[09:36] {Threei} WIND, another one of interest if pulls back
[09:37] {Threei} cpst invaliadated
[09:37] {magoo} look at RIMM vad
[09:37] {magoo} if IF mkt turns up
[09:38] {dino} abmd
[09:39] {Threei} 07:00am [ABMD] Receives 510(k) clearance from the FDA for Impella 2.5 device
[09:40] {Threei} FRPT
[09:40] {Threei} WINS STAY FROM NASDAQ DELISTING UNTIL SEPTEMBER 15, 2008
[09:42] {Threei} SBAC half lot long .50 if stays above .35
[09:45] {Threei} WIND worth a try here
[09:45] {Threei} .21 long
[09:45] {Threei} .09 stop
[09:46] {Threei} market can't find floor so far
[09:46] {dino} wants -200 dji
[09:48] {Roman} 21 BCON
[09:48] {Roman} 21 long
[09:48] {Roman} 21 1.97
[09:48] {Roman} 21 small
[09:51] {Threei} WIND invalidated
[09:52] {Threei} fuqi
[09:52] {dino} hrs
[09:55] {dino} hrs sm l .35
[09:55] {Threei} slow one, acts like salmon: RFMD
[09:56] {Threei} break of 4 on daily leaves it with no resistance for quite a while
[09:56] {Threei} 4.10 worth a try with stop under 4
[09:57] {Threei} what's got into ROYL
[09:59] {dino} athn
[10:00] {Threei} MAY ISM MANUFACTURING: 49.6 V 48.5E; PRICES PAID: 87 V 85.0E
[10:00] {Threei} APR CONSTRUCTION SPENDING M/M: -0.4% V -0.6%E
[10:02] {Threei} SEED
[10:02] {Threei} .75 long
[10:02] {Threei} stop under .60
[10:03] {Threei} WHITE HOUSE OFFICIAL: CLIMATE CHANGE BILL COULD CUT GDP BY AS MUCH AS 7% IN 2030
[10:03] {Threei} let's worry about that in 2029
[10:05] {esemde} I' am in....good morning. still struggling with log in. have to go to your webste Vad and take server number to log in in ...not automatic anymore
[10:05] {Threei} hi ese
[10:05] {Threei} enter it as a resreve server in your mirc
[10:05] {Threei} will be much faster
[10:06] {Threei} host experiences DNS problem, so have to log in with direct IP
[10:06] {esemde} what is mirc
[10:06] {Threei} this software we are in right now :)
[10:06] {esemde} ahhhh
[10:07] {Threei} File-Options-Connect-Add
[10:07] {esemde} Ok where do i find that
[10:07] {esemde} tks your fast
[10:07] {Threei} btw, IntelliScan users, everyone got e-mail?
[10:07] {esemde} yes
[10:08] {magoo} yes
[10:15] {Roman} 21 QTWW Quantum Fuel resumed with a Buy at Ardour Capital; tgt $4.50 (2.45 +0.02)
[10:15] {Threei} let's trail SEED to under .65
[10:15] {Threei} QTWW daily looks interesting if breaks .57
[10:15] {esemde} nice idea Vad sharing your scans....
[10:15] {esemde} tks
[10:15] {Threei} :)
[10:16] {Threei} Geo's idea
[10:17] {Threei} new 52 week highs will put QTWW in almost uncharted territory... last time it was above these levels was in 2006
[10:18] {Threei} XIDE
[10:18] {Threei} .25 half lot long
[10:18] {Threei} stop under17
[10:20] {judijim} gm everyone
[10:20] {Threei} come on XIDE, you can move
[10:20] {Threei} jj :)
[10:21] {dino} axys
[10:22] {Roman} 21 FEED
[10:22] {Roman} 21 long small
[10:22] {Roman} 21 15.53
[10:24] {Threei} BRCM
[10:24] {Threei} 28 breakdown short
[10:25] {Threei} .11 stop/invalidating level
[10:25] {Threei} .21 is better resistance but want to keep it tight, even at risk of being shaken out
[10:26] {Threei} off radar
[10:27] {Chaeron} good morning all
[10:27] {magoo} C babt:)
[10:27] {esemde} CcccccccHhhhhhhh baby
[10:28] {Threei} chaeron :)
[10:28] {Chaeron} heya mags, ese, Vadster
[10:28] {dino} hrs stop to .42
[10:28] {dino} out +.07
[10:32] {Roman} 21 GEOI
[10:32] {Roman} 21 wants over @9
[10:32] {Roman} 21 29
[10:33] {magoo} .
[10:33] {Threei} BEXP will never stop uh?
[10:33] {magoo} ..
[10:34] {magoo} vad server quick..quotes
[10:34] {Threei} neither will acor
[10:34] {Chaeron} whatcha need mags?
[10:34] {magoo} quote server??
[10:34] {magoo} im dead here
[10:34] {Threei} quotes off
[10:35] {Chaeron} yep
[10:35] {Threei} grr
[10:37] {dino} what do you guys need?
[10:37] {Threei} XIDE?
[10:37] {dino} bexp 17.50, hrs 55.25, rimm 136.40
[10:37] {hawkfan4} 16.98
[10:37] {hawkfan4} xide
[10:38] {Threei} ugh
[10:38] {dino} 17 xide
[10:38] {Threei} ty... and RFMD?
[10:38] {Chaeron} back on
[10:38] {Chaeron} 4.04
[10:39] {dino} 4.05
[10:39] {Threei} ok back here too
[10:39] {magoo} server??
[10:39] {Chaeron} #5 here
[10:39] {Threei} 3
[10:40] {magoo} ty
[10:40] {magoo} charts??
[10:40] {Chaeron} #3
[10:41] {magoo} ty guys
[10:42] {Chaeron} :)
[10:42] {dino} no problem man
[10:42] {dino} (as dino re-lives a jamaica trip)
[10:43] {Chaeron} I think XIDE invalidated
[10:43] {magoo} dino passes by with beads and braides in his hair
[10:43] {Chaeron} dino - shuddap.. :))
[10:44] {fernp} out JBL +.40
[10:44] {magoo} BEXP just has the feel vad
[10:44] {dino} irea mon
[10:45] {Threei} what was that on VVUS?
[10:46] {Roman} 21 out 1/2 FEED +.58
[10:46] {Threei} FEED works roman
[10:47] {Threei} nice one
[10:47] {Threei} I can't find squat so far
[10:47] {Roman} 21 still in SEED?
[10:47] {Threei} yeah
[10:47] {Threei} FEED helps it
[10:48] {Threei} not sure it has mojo
[10:48] {Threei} expected it to perform much better after taking big resistance
[10:50] {Threei} .50 loss short BEXP, half lot
[10:51] {magoo} now that scares me...
[10:51] {magoo} i like it long
[10:51] {Chaeron} in caxses like this magoo, do the opposite of what *I* do :)
[10:52] {magoo} what u gonna do?
[10:52] {Chaeron} I'm not tellin' :P
[10:52] {magoo} that makes it hard
[10:52] {Threei} use .75 as invalidating level
[10:53] {Threei} there... no need to be scared anymore :)
[10:53] {Roman} 21 long CSUN
[10:53] {Chaeron} I was trying for long at .76
[10:53] {magoo} feel much better now, TY
[10:53] {Roman} 21 1/3 size small 11.68
[10:53] {Roman} 21 SOLF, JASO, radar
[10:54] {Roman} 21 long ESLR
[10:54] {Roman} 21 10.08
[10:54] {Roman} 21 small
[10:55] {dino} athn sm l .10
[10:56] {magoo} BEXP risky..but feel 19 comith
[10:57] {magoo} not in
[10:57] {magoo} i will post if go
[10:57] {magoo} very RISKY
[10:57] {magoo} like trying to pluck tomatoe off end of vads kabob
[10:57] {magoo} while he holding it
[10:59] {Threei} in yet?
[11:00] {magoo} no
[11:01] {Threei} viscous market today
[11:01] {Threei} not my kind
[11:01] {magoo} thats the problem
[11:01] {magoo} mkt won't go
[11:01] {magoo} very weak market
[11:02] {magoo} my grandfather warren always said...go with your gut
[11:02] {magoo} u may know him
[11:02] {Threei} LDK
[11:02] {magoo} buffet?
[11:02] {Threei} .90 half lot long
[11:02] {Threei} this pullback will show the stop level
[11:03] {dino} lod's
[11:04] {Threei} QTWW honestly trying
[11:04] {dino} as opposed to?\
[11:05] {Threei} all those that just pretend to
[11:05] {dino} ahhh i knew you had a point
[11:07] {Roman} 21 ACPW Active Power announces China Utility selects eight powerHouse systems from Active Power (1.46 +0.06)
[11:07] {Roman} 21 big new fo ACPW
[11:07] {magoo} dubya on cnbc..seems confused lol
[11:07] {Roman} 21 in 1.70
[11:07] {magoo} l aapl here .77
[11:08] {magoo} small..stop lod
[11:10] {Roman} 21 long GLBL
[11:10] {Roman} 21 17.39 , slow
[11:11] {Threei} finally SEED
[11:11] {magoo} out here .01
[11:11] {magoo} + .34
[11:12] {Threei} wtg
[11:12] {Threei} out SEED .90
[11:12] {magoo} has more but heh..scalpin
[11:15] {magoo} LDK invalid vad?
[11:15] {dino} avan
[11:16] {Threei} yeah
[11:16] {Threei} scalped CSUN, ty Roman
[11:16] {Threei} AVAN
[11:16] {Threei} EXTENDS SURVIVAL BY 33.1 MONTHS, DBL TIME IT TAKES FOR TUMOR TO REGROW
[11:18] {magoo} l bexp .30 if gets there RISKY..too appx. .9123246
[11:18] {magoo} needs to trigger..scary on pullbacks
[11:19] {Threei} sheesh AVAN
[11:19] {dino} top?
[11:20] {Chaeron} I feel as though the trades are all passing me bye, pointing and laffing as they go...
[11:20] {dino} v sm waiting at 22.40 for now
[11:20] {Chaeron} by... sorry Raven... too fast fingers
[11:20] {dino} me too chaer
[11:20] {magoo} vad too
[11:21] {dino} everything feels a bit off today
[11:21] {magoo} vad..AVAN avail short just in case
[11:21] {Threei} true dino
[11:21] {Threei} those that move don't give clean entries
[11:21] {Threei} and those that show setups don't move
[11:22] {dino} y
[11:22] {Threei} Monday hangover
[11:22] {dino} i have 6 orders floating out there, nothing hitting
[11:22] {magoo} i have 6 stops out there..all vads
[11:23] {Threei} here is today's market:
[11:23] {magoo} KIDDING {just want my trout}
[11:23] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[11:25] {Threei} good news
[11:25] {Threei} Google finance has real time quotes now
[11:25] {magoo} funny video vad
[11:25] {Threei} we may stop trading off 15 minutes delay
[11:25] {Threei} http://googlefinanceblog.blogspot.com/2008/06/nasdaq-quotes-go-real-time-on-google.html
[11:29] {dino} gifi
[11:30] {Threei} BRCM 28 short would have worked if I didn't overtighten invaliding level
[11:30] {Threei} day of missed opportunities, today is
[11:31] {dino} indeed
[11:32] {dino} whats w/gifi?
[11:32] {magoo} well..day is still young
[11:32] {Threei} nothing fresh GIFI
[11:32] {magoo} lotsa time to miss lots more
[11:32] {Threei} lol
[11:32] {dino} lol
[11:33] {magoo} l aapl .50
[11:33] {dino} magoo, forever the optimus (not)
[11:33] {magoo} small
[11:33] {magoo} stop .11
[11:33] {dino} optimist
[11:35] {magoo} i am what i am..just a man..doing best i can
[11:35] {Threei} magoo doing poerty is last thing I hoped to see
[11:36] {magoo} waiting on aapl @ 187.11
[11:36] {dino} popeye
[11:36] {magoo} no..last thing u want to see is magoo doing porno he he
[11:37] {Threei} even mental image of that burns my retina
[11:37] {dino} here comes the -200
[11:38] {dino} cx avan short order, sometimes i expect too much
[11:38] {pita} later all
[11:38] {Threei} take care pita
[11:40] {magoo} bye pita
[11:40] {Threei} ever seen 40 cents spreadon $2 stock?
[11:41] {Threei} EDEN
[11:43] {magoo} aapl hits 2:1..u on your own...i still in it
[11:47] {Threei} VLNC woke up a bit today
[11:47] {Threei} had news earlier, I hesitated about it because none of this small ones moved
[11:47] {Threei} didn't want to get stuck in one more
[11:48] {Threei} look at QTWW... new 52 week highs, perfect daily, news... and it barely moved
[11:48] {Threei} in the right sector too
[11:48] {Threei} ENER
[11:48] {Threei} UNITED SOLAR OVONIC EXPANDING -- EXPECTS TO ADD 400 JOBS IN GREENVILLE, MICHIGAN
[11:50] {Threei} Roman is about the only bright star in the sky today
[11:50] {magoo} i hit a couple
[11:50] {magoo} scalpers
[11:51] {Threei} sure did
[11:51] {Threei} but I ignore you, you know that, right?
[11:51] {magoo} oh right :)
[11:51] {Threei} :)
[11:56] {Threei} RIMM long here with stop under .70
[11:58] {dino} lol
[11:59] {Threei} 1:1 in a hurry
[12:01] {Threei} QTWW new high, full cents higher than old high
[12:01] {Threei} with such blazing speed it risks to burn its skin to blisters
[12:02] {hawkfan4} lol
[12:03] {Threei} wow... magoo, look what stock I found
[12:03] {Threei} MAGS
[12:04] {magoo} AWESOME..u can buy stake in me
[12:04] {Threei} you've got nice chart but lousy volume
[12:04] {magoo} thats what my wife tells me
[12:04] {Threei} be a doll and trade half mil, will ya
[12:05] {Threei} look at little engine that could
[12:05] {Threei} QTWW I mean
[12:05] {Threei} bravely made another cent
[12:07] {Threei} RIMM 1:2 almost
[12:07] {Threei} out .27
[12:07] {Threei} +.36
[12:07] {Threei} irony aside... just how anemic market ought to be to ignore all the factors in QTWW
[12:08] {Threei} in any kind of more or less active market I would expect this thing to be closer to 3 already
[12:16] {Threei} JRCC, small shares long if stays above 40 and takes 40.15
[12:19] {Threei} not likely to hold
[12:19] {Threei} but if does, has real power
[12:20] {dino} cme 404,
[12:20] {Threei} in
[12:20] {Threei} .95 stop
[12:21] {Threei} showed nice determination taking all those offers, gotta respect that
[12:21] {Threei} hopefully can take .20 too
[12:21] {magoo} where u in? .15
[12:21] {Threei} got patials, .10, .14 and .15
[12:21] {magoo} k
[12:21] {Threei} there were hidden orders I guess
[12:22] {magoo} probably roman :)
[12:22] {Threei} come on JRCC, be finally one that works for real
[12:25] * Threei pokes JRCC with sharp stick
[12:27] {Threei} like poking amoeba
[12:29] * Threei kicks JRCC in the rear with steel-toed heavy duty army boots
[12:29] {dino} poking and amoeba should not be in same sentence
[12:29] {Chaeron} lost carrot from last week?
[12:29] {Threei} ok... let's try that
[12:29] * Threei dangles a carrot in front of JRCC's nose
[12:32] {Threei} does its amoeba-like shape prevents me from telling where the nose is vs rear?
[12:34] {Threei} now now JRCC... don't look baack anymore
[12:35] {dino} lod
[12:35] {Threei} sheesh... sudden market drop stoped it just when it was ready
[12:35] {Threei} S&P CUTS INVESTMENT BANK RATINGS INCLUDING MERRILL, LEHMAN AND MORGAN STANLEY
[12:35] {Threei} this is what send market down IMO
[12:36] {Threei} look aat MER and LEH
[12:38] {dino} -200
[12:39] {Threei} sigh
[12:39] {Threei} stopped JRCC
[12:39] {Chaeron} blame S&P... they could have waited a few more minutes...
[12:40] {Threei} or we should have taken 1:1
[12:40] {Threei} but heck, didn't this thing have all the markings of a real runner
[12:44] {dino} 12440 support area 1948 ndx
[12:48] {Threei} ACOR short small shares .55, .75 stop
[12:48] {dino} sm l avav .41
[12:49] {Threei} LEH half lot short.15
[12:49] {Threei} stop .35
[12:49] {Threei} too fast LEH?
[12:50] {Threei} or someone managed to get it?
[12:50] {magoo} not i
[12:50] {Chaeron} nor I
[12:50] {Threei} cut through tirgger too quickly
[12:51] {Threei} 0ver 50 cents drop...
[12:54] {dptl} ah...stopped acor
[12:54] {Threei} did it trigger?
[12:55] {Threei} I must have missed it with LEH
[12:55] {dptl} .77 trades went off
[12:55] {Threei} no, I mean trigger on entry
[12:56] {dptl} yes got .54
[12:56] {Threei} one of those days
[12:56] {dptl} yeah...i am having really bad day
[12:57] {Threei} not a first time... and you always recovered and made some
[12:58] {dino} ksws s .52
[13:00] {Threei} ese, look dcc please
[13:02] {Threei} market reacts on financials news as if it was a surprise
[13:03] {Threei} like anyone in their right mind thought everything was fine in fancial sector
[13:03] {Threei} financial
[13:04] {dino} ksws stopped -.25
[13:08] {Threei} MER new lows
[13:08] {Threei} LEH stabilized so far
[13:09] {Threei} better bounce candidate
[13:13] {dino} ipi sm l .55
[13:14] {Threei} Roman, still in CSUN?
[13:15] {Roman} 21 no
[13:15] {Roman} 21 out
[13:15] {Threei} OK... moved nicely after all
[13:19] {Threei} LEH pullback worth long try
[13:22] {Threei} first strength from here
[13:23] {Threei} in .91
[13:23] {Threei} stop under .80
[13:24] {Threei} out half +.12
[13:24] {Threei} stop ro .88
[13:24] {Chaeron} I took +.14 scalp... many thanks for LEH
[13:24] {Threei} welcome
[13:25] {Chaeron} in .93 - out .07
[13:28] {Threei} MER .15 long if stays above 42
[13:30] {Chaeron} heck
[13:34] {Threei} S&P: RETIRING OLD ANALYTICAL MODEL, WILL NOW CONCENTRATE ON RISK BASED CAPITAL ANALYSIS
[13:34] {Threei} what did they concentrate before on?
[13:37] {Threei} interesting... LEH drops alone this time
[13:37] {Threei} MER is holding, market too
[13:37] {Threei} are they in the race now "who is next BSAC"?
[13:38] {magoo} BEXP interesting
[13:38] {Threei} wou;dn't you expect JPM to go up on all this, since they are likely to buy next failed bank for $3? {G}
[13:40] {Threei} MER is valid again, IMO
[13:40] {magoo} in aggressive .12
[13:40] {Threei} lol
[13:40] {Threei} me too
[13:41] {hawkfan4} me three
[13:41] {magoo} chaer??
[13:41] {Threei} uh oh
[13:42] {Chaeron} not me - dang phone
[13:43] {dptl} stop 42?
[13:43] {Threei} under
[13:43] {dptl} ok
[13:43] {Threei} it tagged .95 on last pullback
[13:43] {Threei} so it's either .99 or .94 now
[13:43] {Threei} depending on your entry, position size and risk tolerance
[13:45] {Chaeron} mer long @ .15?
[13:45] {Threei} magoo... you decide
[13:47] {magoo} huh?
[13:47] {Threei} let chaeron in or not
[13:47] {magoo} alright..let him know
[13:47] {magoo} been weird day..who knows
[13:47] {Threei} chaeron... magoo said yes
[13:48] {magoo} may help
[13:48] {Threei} what do you know... it did
[13:52] {Chaeron} I miussed
[13:52] {Chaeron} I am so mad... phone
[13:52] {Chaeron} too late?
[13:52] {Threei} don't chase
[13:52] {Threei} chart looks good but this is very liquid situation
[13:52] {Threei} MER is in the middle of hot battle
[13:53] {Threei} anything can happen here
[13:54] {Threei} for .12 entry 1:1 here
[13:55] {Threei} FED'S LOCKHART: CURRENT STANCE ON POLICY IS APPROPRIATE, BALANCED FOR RISKS, FED MUST BE FLEXIBLE WITH RATE STANCE - Q&A
- Policy must be flexible to repond to developments, either on the ground or inflation.
[13:55] {Threei} - There is no doubt that the weaker dollar has helped US exports, raised commodity prices.
[13:55] {Threei} - Sees US economic growth below 2.5-3.0% in 2009, growth in 2009 will be higher than H208 but below potential.
[13:55] {Threei} - Libor can continue to seve the market well, libor is a vital part of the financial system.
[13:59] {magoo} .
[14:00] {Chaeron} sigh
[14:00] {magoo} i said u could go with us
[14:01] {Chaeron} I couldn't get
[14:02] {Chaeron} I hate my phone toiday
[14:02] {Threei} me out at .40
[14:03] {Threei} magoo, hawk... you still in?
[14:03] {hawkfan4} yes
[14:03] {Threei} brave soul
[14:04] {Threei} dp?
[14:04] {dptl} still in
[14:04] {magoo} me too
[14:04] {Threei} good luck guys... my scalper's blood is boiling
[14:05] {dino} avav stop to .81
[14:08] {hawkfan4} out .54, thx Vad
[14:08] {Threei} sheesh you guys... 40 cents is not enough for you to take partial at least?
[14:08] {Threei} whew
[14:08] {dino} pigs
[14:09] {Threei} looking at its chart today, is it reasonable to expect it to recover all the way to 43?
[14:09] {Threei} stranger things happened of course
[14:09] {_rant} any read on FMCN ?
[14:10] {Threei} FMCN is weither short on 38 breakdown or long on 38.15 breakout
[14:10] {Threei} small shares in any case
[14:10] {Threei} volatile one
[14:10] {_rant} thx
[14:10] {_rant} ya...it is
[14:10] {Threei} sure... be careful with it
[14:10] {_rant} huge short interest
[14:10] {Threei} capable of hurting bad
[14:11] {_rant} mkt seems to be done with selling..i guess
[14:11] {Threei} looks this way
[14:11] {magoo} still in
[14:11] {Threei} mags, dp, you have over 60 cents profit
[14:11] {Threei} do I have to trout you to protect some?
[14:11] {magoo} out .67 TY
[14:12] {Threei} too late
[14:12] * Threei slaps magoo around a bit with a large trout
[14:12] {Threei} I already decided to trout you
[14:12] {Threei} but welcome :)
[14:12] {Chaeron} nice job magoo... I'll have to sit out more often
[14:12] {magoo} i got in .12 w/u
[14:12] {Threei} cut that cord chaeron
[14:13] * Threei slaps dptl around a bit with a large trout
[14:13] {dptl} offering 43.15
[14:13] {Threei} eeck
[14:14] {Threei} are you trying to recover previous stops all in one swoop?
[14:14] {dptl} traling under .50
[14:14] {Threei} OK, if trailing then valid way to play it
[14:15] {Threei} I withdraw my objections
[14:15] {Threei} but not trouting
[14:15] {dino} avav stop to .92
[14:15] {Threei} nice one dino
[14:16] {dino} ty
[14:16] {dino} nobody pays attention anymore, :)
[14:16] {Threei} I do
[14:16] {Threei} I just pretend not to
[14:16] {dino} lol
[14:16] {dino} see, bruce would
[14:16] {Threei} just to maintain an image of generally not very nice man, you know
[14:17] {dino} take it to .99
[14:17] {Threei} LEH followed the path of recovery too but I was hesitant on it
[14:17] {Threei} didn't like how it dropped while MER and market overall stopped making new lows
[14:18] {Threei} ROYL... very scary thing,
[14:19] {Threei} as it pulls back into .50 resistance those who are seriousl adrenalin deprived may consider an entry
[14:19] {Threei} sorry, .50 support
[14:20] {dino} ncoc
[14:23] {dptl} ahh out .50 mer ty
[14:24] {Threei} welcome
[14:24] {dino} gj
[14:24] {Threei} with LEH and MER plays, did we minimize damage?
[14:25] {dino} avav tighten to .13
[14:25] {Threei} too bad that LEH short got away.... was pure beauty
[14:26] {dino} ath stop to .40 all day
[14:29] {dino} to .58
[14:31] {dino} avav to .31
[14:31] {magoo} anyone hit ROYL?
[14:31] {Chaeron} not my type of spread... thanks tho
[14:32] {dino} out avav .35 ave. +.94
[14:33] {Threei} wtg
[14:33] {dino} lucky
[14:33] * magoo slaps dino around a bit with a large trout
[14:33] {dino} should've caught me on tight stop sooner
[14:34] {Threei} LEHMAN MAKING CAUTIOUS COMMENTS ON SOLAR NAMES- Cautions on companies with strong Spanish business due to the possible ramifications of new Spanish legislation inhibiting MW growth.{SOLF CSIQ STP YGE}
[14:34] {dino} out athn .63 +.53
[14:34] {Threei} CFC?
[14:35] {Threei} asnyone sees any news?
[14:36] {hawkfan4} 14:32 CFC Countrywide: BAC CEO Lewis affirms Countrywide purchase - Bloomberg (5.40 +0.14)
[14:36] {Threei} ty, not on my wires
[14:36] {dino} 8/15 expected close date 6.11/sh
[14:37] {Threei} 6.11 cash?
[14:38] {dino} bac no .1822
[14:38] {Threei} here is from earlier todasy:
[14:38] {Threei} [BAC] Bank of America Corp CEO: Sees no reason for dividend cut, has no interest in buying investment bank, sees no need for strategic acquisitions at this time
[14:38] {Threei} - Notes sees current credit crunch better than 1973-1974
[14:38] {Threei} - Affirms CFC purchase if markdowns are accurate, notes that CFC has better technology
[14:39] {Threei} so it's still conditional and tied to BAC price
[14:39] {Threei} tough to play
[14:40] {Threei} ROYL start looking like momo resumption, mags
[14:41] {Threei} 7.90 - 8 area if taken can send it anywhere
[14:41] {Threei} to 9 or to 7
[14:41] {Threei} make your pick
[14:45] {Threei} rant, nice scalp if you shorted FMCN
[14:45] {Threei} 1:2 easy
[14:57] {Threei} LULU earnings after closer
[14:58] {Threei} ACOR
[14:58] {Threei} CEO: APPROVAL OF FAMPRIDINE WOULD TRANSFORM COMPANY- says drug sales could finance research on other multiple sclerosis-related drugs, two newer drugs have repaired nerve insulation in animals
[14:59] {Threei} if QTWW closes around here, going to take it home
[14:59] {Threei} could turn into swing trade
[15:00] {magoo} is LULU the crazy one?
[15:00] {Threei} yes
[15:00] {Chaeron} well named
[15:01] {Threei} LOL!!!
[15:01] {Threei} look at this
[15:01] {Threei} MER
[15:01] {Threei} HEARING DEFENDED AT LEHMAN BROTHERS (TIMING UNCERTAIN){MS}
[15:02] {Threei} now I am waiting for MER defending LEH, and after that I will be able to say "now I've seen it all"
[15:07] {Threei} CSUN spiking
[15:10] {Threei} CSUN
[15:10] {Threei} CREDIT SUISSE DISCLOSES 15.7% STAKE PASSIVE STAKE, UP FROM 2% REPORTED IN MARCH - FILING
[15:14] {Threei} LEH daily looks like catastrophe in the making
[15:14] {magoo} short setup?
[15:15] {Threei} hard to tell
[15:16] {Threei} nothing really on intraday
[15:18] {Threei} let's keep an eye on both of them tomorrow
[15:18] {Threei} LEH andf MER
[15:19] {Threei} less interested in MS
[15:20] {Threei} JPM maybe short tomorrow if consolidaates close to 41.60 and breaks down
[15:22] {Threei} why am I stuttering on a all the time
[15:23] {magoo} ?
[15:23] {Threei} consolidaates
[15:24] {Threei} LEH is really the weakest in the group
[15:24] {Threei} probably will be our main target among financials tomorrow
[15:25] {Threei} unless I forget
[15:26] {Chaeron} I'll remind you
[15:27] {Threei} thank you
[15:27] {Threei} (providing you don't forget)
[15:27] {magoo} LOOK at qqqq chart
[15:28] {Threei} ?
[15:28] {magoo} as in upward
[15:29] {Threei} ugh... CSUN waoke up
[15:31] {_Kazaam} vad, can trial members ask questions?
[15:31] {Threei} can? they must
[15:31] {Threei} :)
[15:32] {_Kazaam} thanks : )
[15:32] {magoo} isn't that a question? lol
[15:32] {Threei} sure
[15:32] {Threei} lol
[15:32] {_Kazaam} heh
[15:32] {Threei} we are fairly democratic bunch
[15:32] {Threei} except magoo
[15:32] {Threei} he is dictator
[15:32] {dino} slap him
[15:32] {Threei} nope
[15:32] {Threei} he loves it too much
[15:33] {magoo} c'mon....i dare ya
[15:34] {dino} double dog dare
[15:34] {_Kazaam} is the basic screening method for finding tradable stocks to watch the news? or do you guys trade the same basket of stocks everyday?
[15:34] {Threei} 3 things
[15:34] {Threei} 1. Usual suspects
[15:34] {Threei} those that we know to move nicely and have usually a read on
[15:34] {Threei} RIMM, AAPL, at some point BRCM and NVDA
[15:35] {Threei} 2. news-imapcted ones that get activity
[15:35] {Threei} and most broad group is those found by scanner
[15:35] {Threei} Scanner is tuned for our most traded setups
[15:35] {Threei} so it spits them out
[15:35] {Threei} we pick those that look good
[15:36] {Threei} thrid group provides mosr plays
[15:37] {_Kazaam} were the LEH and MER plays based on News? or scanner?
[15:37] {Threei} news
[15:37] {Threei} that credit downgrade is a biggie
[15:37] {Threei} financial sector is very vulnerable
[15:38] {Threei} and this kind of news was sure to bring activity
[15:38] {_Kazaam} there is so much news, do you filter it or do you just watch it all?
[15:38] {Threei} filtering mentally
[15:38] {dino} less is more
[15:38] {_Kazaam} gotcha
[15:39] {_Kazaam} thanks
[15:39] {dino} layn spike
[15:39] {Threei} trying to pick only those items that are focused in hot sectors,
[15:39] {Threei} mention known to move symbols,
[15:39] {Threei} contain potentially big news
[15:40] {Threei} CSUN news for instance matched all three criterias
[15:40] {Threei} known name, hot sector, nice news
[15:41] {Threei} overall however, less than stellar day for us
[15:41] {Threei} somehow it must be magoo fault... not sure how
[15:41] {_Kazaam} thanks for the detailed rundown, has it been a breakeven day for most?
[15:41] {Threei} I personally am slightly in the red
[15:41] {Chaeron} don't know how I did it but netted -$1.00 before commish
[15:42] {Threei} and holding QTWW slightly in the money
[15:42] {Threei} will see if it brings me joy and happiness tomorrow
[15:42] {dino} black here but only 5 trades
[15:42] {Chaeron} nice ones tho dino :)
[15:43] {_Kazaam} one average how many trades do you guys take a day?
[15:43] {Threei} who cares how many trades dino... profitable on one beats losing on 15 :)
[15:43] {dino} ty lucky
[15:43] {dino} missed layn short
[15:43] {Threei} hmm... not sure... really depends on market activity
[15:43] {Threei} I'd say anywhere from 3-5 to 10-15
[15:43] {dino} me, 10
[15:44] {magoo} not good to overtrade..odds work against you
[15:44] {Threei} JRCC, what a disgusting way to shake us out, then explode
[15:44] {Threei} look at it
[15:44] {Threei} no, better don't
[15:45] {magoo} gggggrrrrrrrrrrrrrrrrr
[15:47] {Threei} QTWW trying high again
[15:48] {Threei} cute little bugger
[15:49] {Threei} ok ROYL... let's do it
[15:49] {Threei} cut through 8, will ya
[15:50] {dino} mdvn l .56
[15:50] {Threei} out 8.20
[15:51] {magoo} nice one dav:)
[15:51] {Threei} you mags?
[15:51] {magoo} oyut
[15:51] {magoo} TY
[15:51] {Threei} :)
[15:51] {Threei} wasn't easy one by any means
[15:51] {Threei} but it's your kind
[15:52] {magoo} is it magoo or was today REAL work?
[15:52] {_rant} who is buyin at these levels :)
[15:52] {_rant} up 40%
[15:52] {Threei} those to whome we sell
[15:52] {Threei} (happily)
[15:52] {magoo} some would say "smart money" buys into bell
[15:53] {Threei} certainly was tough to read day mags
[15:53] {Threei} ROYL too me in black
[15:53] {Threei} tok
[15:53] {Threei} took
[15:53] {magoo} me too vad
[15:53] {Threei} there... just a third attempt, and I get 4-letts word right
[15:54] {magoo} took all day to get there
[15:54] {Threei} yeah, early stops were like ballast on the feet
[15:55] {Threei} but heck... as long as put emotions in the back pocket and trade valid setups, things normalize sooner or later
[15:55] {Threei} losses go in clusters sometimes
[15:55] {Threei} instead of being evenly distributed
[15:56] {_rant} still flying
[15:56] {_rant} wow
[15:56] {Threei} QTWW new 1 cent-high
[15:56] {_rant} i had a lousy day..one of those days..where all trades were missed
[15:56] {Threei} it happens
[15:57] {_rant} no action..
[15:57] {Threei} don't let it become an emotional luggage
[15:57] {magoo} it was a tough day..tomorrow will be better..i vcan feel it
[15:57] {Threei} focussing on these things tends to create mental monsters
[15:57] {Threei} that eat you from inside
[15:57] {_rant} ya...forcing me to make mistakes
[15:57] {_rant} and break my own trading rules
[15:58] {Threei} hold on... lousy day meant you haven't gotten any trades?
[15:58] {_rant} ya
[15:58] {_rant} no trades at all
[15:58] {Threei} come on
[15:58] {_rant} just kept waiting and waiting
[15:58] {Threei} beats getting stopped too many times
[15:58] {_rant} :)
[15:58] {Threei} now, why missing them?
[15:58] {_rant} true
[15:58] {Threei} software too slow? you are too hesitant?
[15:58] {_rant} probably waitin for better price
[15:58] {_rant} hesistant...
[15:59] {Threei} setup has trigger...
[15:59] {Threei} trigger is hit, get in
[15:59] {Threei} I unerstand sometimes entry is a bit fuzzy
[15:59] {Threei} like when I say "first strength from here"
[15:59] {Threei} or "as close to ... as possible"
[16:00] {Threei} but when there is a defined trigger, like ".15 long is stays above ..."
[16:00] {_rant} i m normally skeptic when the mkt falls 200pts
[16:00] {Threei} just get it
[16:00] {_rant} coz most of my trades are short entry...
[16:00] {magoo} oh..no trades not lousy day...i thought u meant down hard
[16:00] {_rant} no action day...
[16:00] {Threei} yeah, my first thought too
[16:00] {magoo} dino says"any day up good day"
[16:00] {dino} flat or up is good imo
[16:00] {_rant} no thrill :)
[16:00] {Threei} ahhh
[16:00] {Threei} thrill
[16:01] {dino} lulu blood
[16:01] {Threei} REPORTS Q1 $0.12 V $0.12E, R$78.2M V $71.8ME
[16:01] {magoo} LULU tankage
[16:01] {_rant} big time
[16:02] {Threei} don't see guidance yet
[16:02] {_rant} spread is dangerous
[16:02] {Threei} well... it's lulu LEMON
[16:03] {dptl} have a good evening all
[16:03] {Threei} take care dp
[16:03] {Threei} thank you all
[16:03] {Threei} have a good evening
[16:03] {Threei} see you tomorrow
[16:03] {magoo} TY vad, nite all
[16:04] {_Kazaam} thanks, bye
[16:04] {_rant} thanks vad..
[16:04] {Threei} you too QTWW... may you open at 10
[16:05] {Threei} there you go LULU... guidance .68 - .71 vs .74 consensus
[16:05] {magoo} some leak it??
[16:07] {fernp} Thank you for everything Vad. See you tomorrow.
[16:21] {dino} gn all
[16:28] {judijim} Take good care, be back tomorrow
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