A bit boring day with some excitement injected by HGSI monstrous move. Between WFC, RIMM and HGSI on all sides we had a profitable day - not big but I'll take what I get in the summer. Feels like some strom is brewing though. Also, check out new addition to the website: http://www.realitytrader.com/photography/ . Self-explanatory.

Session Time: Mon Jul 20 00:00:00 2009

[08:23] {nemo} I guess the bull market continued

[08:41] {Threei} FTEK Receives two Fuel Chem orders in Korea

[08:42] {Threei} The company has received contracts related to the initiation of commercial FUEL CHEM programs on two small oil-fired units at an industrial power plant in the Republic of Korea. Chemical injection for each program is scheduled to commence later this quarter.

[08:42] {Threei} - CEO: "While the market in China is, by far, the dominant area of interest in the Asia-Pacific region, we hope to make further inroads in the Republic of Korea and other regional markets as appropriate applications for our technology are identified."

[08:42] {nemo} I hate that stock

[09:03] {BillyD} gm all

[09:03] {Threei} Billy :)

[09:04] {BillyD} are your quotes a bit off with closing prices and L1 quotes

[09:04] {Threei} NASDAQ quotes are off

[09:04] {BillyD} ty

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:08] {nemo} nas back

[09:09] {Threei} yup

[09:09] {nemo} everything seems to have gapped up

06[09:11] * nemo slaps laserdave around a bit with a large trout

[09:13] {cosmo} OREX) today announced that all three remaining Phase 3 trials evaluating C

[09:13] {cosmo} ontrave(R) (bupropion SR/naltrexone SR), its investigational drug for the treatm

[09:13] {cosmo} ent of obesity, met their co-primary endpoints.

[09:15] {cosmo} ...and HGSI cures Lupus

[09:17] {Threei} HGSI JMP Securities Raised HGSI to Market Outperform from Market Perform, price target: $14

[09:17] {cosmo} HGSI pre mkt high = 11.71

[09:17] {Threei} Human Genome Sciences Inc In a Phase III study, BENLYSTA met the primary endpoint in patients with serologically active systemic lupus erythematosus (SLE)

[09:17] {Threei} - In the placebo-controlled BLISS-52 study, the results showed that BENLYSTA plus standard of care achieved a clinically and statistically significant improvement in patient response rate at Week 52, compared with standard of care alone.

[09:17] {Threei} - Study results also showed that belimumab was generally well tolerated, with adverse event rates comparable between belimumab and placebo treatment groups.

[09:17] {Threei} - Assuming positive results in November from the second Phase 3 trial of BENLYSTA, HGSI and GSK plan to submit marketing applications in the United States, Europe and other regions in the first half of 2010.

[09:19] {Threei} CIT Group Inc Follow Up: The company has secured a $3B loan under an agreement with bondholders; The loan will help the company avoid a bankruptcy filing - NYT

[09:19] {Threei} - The report cites unidentified people close to the matter.

[09:20] {Threei} who knew ticket to the immense wealth on Friday was to sell farm and family and buy all CIT you could

[09:21] {Threei} of course till Monday morning you'd likely end up with cardiac arrest

[09:21] {nemo} I would pay for someone to take my family

[09:21] {Threei} CIT UPDATE: Buckingham Raised CIT to Neutral from Underperform

[09:23] {Threei} HAR drama this morning

[09:23] {fernp} good morning everybody

[09:23] {Threei} fern :)

[09:24] {Threei} first this:

[09:24] {Threei} 08:39 AM [HAR] Strength attributed to a report from a Middle Eastern media source (AME), reporting a private equity firm, Arabian Peninsula Group (APG), is planning an acquisition offer

[09:24] {Threei} then

[09:24] {Threei} 08:51 AM [HAR] Assistant to CEO: Believes AME story about potential takeover is "a hoax

[09:24] {Threei} now:

[09:24] {Threei} 09:23 AM [HAR] issues statement; has not received offer or any such solicitation

[09:28] {ese} morning

[09:28] {Threei} ese :)

[09:28] {nemo} ese :)

[09:29] {ese} just about slet right thoough the opening

[09:29] {ese} hey nemo

[09:29] {jfjf64} mornin

[09:29] {Threei} DDSS

[09:29] {Threei} Labopharm Receives complete response letter from the U.S. FDA for novel antidepressant

[09:29] {Threei} - The letter indicates Labopharm''s application cannot be approved in its present form due to deficiencies following an FDA inspection of the active pharmaceutical ingredient (API) manufacturing facility, which was completed July 3, 2009. The FDA letter states: "Satisfactory resolution of these deficiencies is required before this application may be approved." No efficacy or safety issues were raised.

[09:29] {Threei} jf :)

[09:29] {cosmo} halt

[09:30] {Threei} yup

[09:31] {Threei} HGSI sharp selling

[09:32] {Threei} GNBT Publishes Results From Pre-Clinical Studies On Immunotherapeutic Vaccine for HPV-Induced Cervical Cancer (0.58, +0.01, 0.92%)

[09:32] {Threei} Dow Jones YTD performance moves back into positive territory

[09:32] {Threei} what me worry?

[09:34] {Threei} Short Setup: WFC .45 break

[09:34] {dino} s/p gap filled 6/12

[09:34] {Threei} if stays under .567

[09:34] {Threei} .56

[09:35] {Threei} wow HGSI

[09:35] {Threei} cruel

[09:35] {dino} dji filled 6/12 gap too

[09:38] {magoo} etp'atpieatoktad

[09:38] {nemo} eiepqmvowei

[09:38] {Threei} okay... good morning then

[09:38] {Threei} no worky WFC

[09:38] {nemo} funny...I thought I was talking about his mother

[09:39] {magoo} JPM dumping

[09:41] {dino} safm

[09:42] {Threei} DISH

[09:43] {Threei} seome developments in court case with TIVO

[09:43] {Threei} DISH Network Corp Follow Up: Dish seeking to create a 'design-around' to avoid Tivo patent for recorder technology

[09:43] {nemo} wfc vad

[09:44] {Threei} formed .50 - .60 range, more or less

[09:44] {Threei} question is which way to play, and whether it goes after breaking range or just shakes up

[09:46] {Threei} can't get a read on it

[09:47] {Threei} still feels like short to me

[09:47] {Threei} but I was also hunting for RIMM pullback bottom and missed it because of this POS

[09:49] {Threei} RIMM, quick pullback into .20 - .30 is to grab long

[09:49] {Threei} no pullback

[09:51] {BillyD} VAD, OPWV from Friday...low volume though

[09:52] {Threei} 3 break still worth a try

[09:52] {Threei} oops

[09:52] {BillyD} exactly

[09:52] {nemo} wfc broke

[09:52] {Threei} see if it dives back into 3 or just under

[09:53] {Threei} stop under 2.90

[09:53] {dino} sm l safm .35 wide

[09:53] {nemo} CIT 118 million shares so far

[09:55] {Threei} DDSS opened

[09:56] {wulff} LVS no looking back

[09:56] {ese} me thinks WFC is heading up nemo alone with the rest of the financials

[09:56] {Threei} MGM too

[09:56] {ese} along

[09:56] {ese} i'm still long fitb .14 from friday

[09:57] {ese} if the compx breaks above 1902....will start geting out of fitb

[10:00] {Threei} *JUN LEADING INDICATORS: 0.7% V 0.5%E

[10:00] {Threei} - Prior revised from 1.2% to 1.3% (related RTH SPY EUR/USD SHY )

[10:01] {wulff} wasn't sure that WFC break would work

[10:01] {wulff} oh well

[10:04] {Threei} Long Setup: BAC .65

[10:04] {Threei} for scalpers stop under the low of this pullback

[10:04] {ese} out fitb .27 +.13 with 15k of the little buggars

[10:04] {Threei} for day traders under .50

[10:05] {Threei} if loses .55, becomes rather candidate for aggressive entry

[10:05] {cosmo} JASO 4.70 wall fwiw

[10:06] {Threei} let's see if we get double bottom on BAC

[10:06] {Threei} if loses .50 no play

[10:07] {Threei} lost

[10:08] {BillyD} my enthusiasm low this morning so far

[10:09] {Threei} rather usual monday morning...

[10:09] {Threei} everything happens at once and nothing really happens

[10:09] {nemo} that's profound

[10:09] {dino} same here bd

[10:09] {BillyD} lol...good explanation

[10:10] {ese} hmmmmmm....

[10:10] {magoo} who reports tonite?

[10:10] {dino} everybody

[10:10] {BillyD} lol

[10:11] {larisa} CAT tomorrow morning

[10:11] {Threei} I don't see anyone very important today

[10:11] {wulff} below .20 a buy on WFC

[10:11] {nemo} http://finance.yahoo.com/news/Big-tech-earnings-week-will-apf-3818393255.html?x=0

[10:13] {jfjf64} afl ya lk vad

[10:13] {nemo} you got the magoo disease jf?

[10:14] {Threei} not really jf

[10:15] {wulff} RIMM half lot .40

[10:15] {magoo} MS clubbed vad

[10:15] {wulff} missed

[10:17] {ese} wulff.....i've got a bstop on wfc at .61

[10:18] {ese} if it makes it to that today is should make 26.00

[10:18] {wulff} could be ok.

[10:19] {wulff} I tend to want to be less and buy it now

[10:19] {Threei} considering how it likes to shake, maybe worth a try with more aggressive entry

[10:19] {Threei} kind of .51 if holding .40

[10:20] {dino} safm out .97 ave, +.62

[10:20] {nemo} nice start to a monday Dino, and not a scalp

[10:21] {dino} ty nemo, about time

[10:21] {dino} look at the pullback

[10:21] {nemo} yeah

[10:21] {nemo} might be a double dipper

[10:21] {dino} feels that way

[10:22] {nemo} having said that, you adapted to scalping last week...that was great

[10:22] {dino} 41.05ish perhaps

[10:22] {nemo} or higher low after that rop

[10:22] {dino} sink or swim bro, scalps usually get me out of a funk

[10:23] {dino} makets feel like they want to fill open gap

[10:23] {nemo} safm pretty much maintained .50 support

[10:23] {Threei} Long Setup: HGSI .76

[10:24] {Threei} if stays abovce .65 for scalpers

[10:24] {Threei} .60 for day traders

[10:24] {dino} announcer a bit giddy today

[10:24] {nemo} where, cnbc?

[10:24] {BillyD} HGSI drops in a nasty way

[10:24] {Threei} both are invalidated

[10:25] {dino} yeah, vloume off but laughing all over

[10:25] {nemo} That Kneale guy is a jerk

[10:25] {fernp} BAC double bottom Vad?

[10:25] {nemo} HGSI might be bottoming too

[10:26] {dino} gmcr animal

[10:27] {nemo} HGSI held

[10:27] {Threei} BAC could be if holding .40

[10:28] {fernp} ty

[10:28] {Threei} .50 would be a trigger

[10:28] {Threei} .46 if want more ahhressive

[10:28] {fernp} took .46

[10:30] {Threei} Market Internals update at 10:30amET

[10:30] {Threei} - NYSE volume 255M shares, about 13% below its three-month average; advancers lead decliners by 3.3:1.

[10:30] {Threei} - NASDAQ volume 500M shares, about 10% below its three-month average; advancers lead decliners by 1.7:1.

[10:31] {nemo} Does that mean the HFT guys are sitting this out ? :)

06[10:31] * nemo slaps nemo around a bit with a large conspiracy theory

[10:32] {wulff} would short RIMM here another day

[10:32] {nemo} RIMM looks like it go either way

[10:32] {nemo} we shoulda' wulff

[10:33] {wulff} too much strengh to me

[10:33] {ese} anybody buy anything in biotech......just looking at that index...it up big

[10:33] {wulff} more likely a buy

[10:33] {dino} wulff, on same thought

[10:34] {wulff} needs a big fall here

[10:36] {fernp} stopped BAC stopped HIG. I like mondays :)

[10:37] {nemo} Boomtown Rats

[10:39] {ese} Long wfc .46...removed the bstop at .61

[10:39] {BillyD} maybe HAR gonna capitulate

[10:39] {wulff} RIMM .20

[10:41] {Threei} if stays above 74?

[10:42] {wulff} ya

[10:43] {wulff} NAS not strong though

[10:44] {wulff} missed

[10:44] {dino} qdel .00 l

[10:45] {Threei} RIMM worked

[10:45] {wulff} here it comes ese, WFC

[10:45] {Threei} WFC nice entry, ese

[10:46] {ese} out wfc .57 +.11

[10:46] {ese} tks vad

[10:46] {nemo} 20k little buggers

[10:46] {ese} 4k

[10:46] {nemo} whoa

[10:46] {nemo} Mondays

[10:46] {ese} markets too weak for my liking

[10:48] {ese} although financials and biotech indexes up nicely....6 of one 1/2 dozen of another

[10:48] {dino} rhat sm s .30

[10:49] {jfjf64} cat s .60

[10:50] {jfjf64} 1/1

[10:50] {Threei} WFC consolidates under the high despite marjet pullback

[10:51] {jfjf64} out 2 half

[10:51] {nemo} is that a whole?

[10:51] {magoo} long MS here'

[10:51] {magoo} .19

[10:52] {ese} what do you make of that vad ...worth an entry wfc

[10:52] {Threei} WFC is about to try break

[10:52] {Threei} well

[10:52] {Threei} formally yes, this is pattern I like

[10:52] {ese} but

[10:52] {nemo} volume spike on that thrust to 60

[10:52] {Threei} how it plays out today... really hard to tell

[10:53] {dino} qdel to flat

[10:53] {ese} indeed

[10:53] {dino} rht bstop is .56

[10:54] {dino} to .09 qdel

[10:54] {magoo} l jpm .65

[10:54] {wulff} cannot get a clear feel from anything

[10:54] {Threei} nice on QDEL dino

[10:54] {ese} dino you gonna bstop rht ....how bout this pullback?

[10:55] {dino} to .13

[10:55] {dino} out qdel .13, +.13

[10:55] {dino} rhat hard bstop .56 let it trade

[10:55] {ese} ok

[10:55] {magoo} l wfc .59

[10:56] {dino} its smaller size es

[10:57] {dino} tighten it to .51 mkt no help

[10:57] {ese} nice mags....missed it.....was looking at rht

[10:58] {magoo} im long wfc bac jpm ms

[10:59] {Threei} aren't you a convinced bull

[10:59] {larisa} lol

[10:59] {magoo} just scalps..low conviction

[11:01] {larisa} jf, .60 break on CAT, did you want to capture capitulation selling on it? just curious, interesting entry :)

[11:04] {jfjf64} aggressive entry worked out that way it was settin up on .62 i was goin 2 cents lower for trigger

[11:06] {Threei} WFC looks determined

[11:06] {jfjf64} min off 10.49 low .62

[11:06] {larisa} I know some traders like last furoous wave up or down before trend changes. So many ways to trade :)

[11:06] {larisa} i see

[11:06] {dino} ufpi spike

[11:07] {jfjf64} chk s .06

[11:11] {BillyD} Vad, u in anything

[11:11] {dino} dieeeeeeeeee rhat

[11:11] {Threei} no

[11:11] {BillyD} lol

[11:11] {nemo} not in coma?

[11:11] {Threei} not even in that

[11:11] {jfjf64} invalid

[11:12] {ese} L fitb .20

[11:14] {dino} rht not cooperating, cov -.05

[11:14] {Threei} WFC, that .60 break worked like charm

[11:15] {BillyD} too bad I in hesitant mode

[11:16] {wulff} ditto

[11:16] {magoo} out bac .57+.13

[11:16] {magoo} out jpm .84 +.20

[11:17] {magoo} out wfc .86 + .dunno..forgot entry

[11:17] {magoo} oh.entry .59

[11:17] {Threei} lol

[11:17] {BillyD} wtg

[11:17] {jfjf64} magoo a monster gj

[11:18] {BillyD} PCBC

[11:18] {magoo} stilkl in ms .19

[11:19] {BillyD} Vadn u have any history w. PCBC as breakout stock

[11:19] {Threei} no

[11:19] {Threei} never traded it

[11:19] {BillyD} ok

[11:20] {ese} in general vad.....is there usually a run up into the lunch hour......seems to me i've been noticing that alot lately?

[11:21] {Threei} "usually" - no

[11:21] {ese} ok

[11:21] {Threei} last few days, yes, seems to be a part of this stealth rally

[11:21] {ese} hmmmmmm

[11:22] {jfjf64} .60 break sd of had that im not happy

[11:22] {jfjf64} wfc

[11:22] {jfjf64} lol

[11:24] {jfjf64} lvs stong guy

[11:31] {Threei} RIMM...

[11:31] {Threei} 75 break if holding .90

[11:33] {Threei} over 1:1

[11:34] {Threei} near 1:2 and market weakens

[11:34] {Threei} I am out

[11:34] {magoo} nice vad

[11:35] {Threei} a bit early it seems

[11:35] {Threei} but heck

[11:35] {nemo} Monday

[11:35] {Threei} I cherish any profitable play today, lol

[11:35] {jfjf64} ty vadddddddddd

[11:35] {Threei} welcome sir

[11:37] {jfjf64} vad anythin lvs ya see

[11:37] {Threei} you mean chart or news?

[11:37] {magoo} HGSI avail short vad, not saying do it

[11:37] {jfjf64} c

[11:38] {jfjf64} chart

[11:38] {Threei} I think it's about done for today jf

[11:38] {jfjf64} ty sirrrrrrrrr

[11:38] {Threei} unless market suddenly goes crazy

[11:39] {Threei} its range for today so far about 1 buck, a bit more

[11:39] {Threei} have a look at its daily

[11:39] {Threei} you will find maybe a day or two in relatively recent history when it had such range

[11:39] {jfjf64} lookin

[11:39] {Threei} ok, 3

[11:41] {ese} i'm out fitb .22 +.02......am gonna sign off for a bit......am not feeling that well.....hopefully see you in a bit

[11:41] {Threei} take care ese, hope it's nothing

[11:41] {dino} isrg

[11:41] {dino} cya es

[11:41] {fernp} bye ese

[11:42] {Threei} I wouldn't go as far as to short it, jf,

[11:43] {Threei} but if it pulls back into .50 - .60 area, I would be interested ikn bounce

[11:43] {Threei} so far magoo takes the cake today

[11:44] {Threei} I am about flat between WFC stop and RIMM profit,

[11:44] {jfjf64} i wd say

[11:44] {Threei} skipped that WFC break at .60

[11:44] {Threei} but magoo had enough conviction to go berserk on us

[11:44] {Threei} with all his permabull mindset

[11:44] {jfjf64} me too dont remind me .60

[11:45] {jfjf64} want to vomit

[11:45] {magoo} hey..i posted timely entries..u could have got in

[11:45] {Threei} ah be a grownup jf... stand up and take the well-deserved beating

[11:45] {Threei} ummm... self beasting rather

[11:45] {Threei} beating

[11:45] {jfjf64} funny

[11:45] {magoo} vad, HGSI short setup?

[11:45] {nemo} you told us what you were in, I don't think you gave your entries

[11:45] {jfjf64} wfc all the time

[11:46] {Threei} not really mags

[11:51] {jfjf64} s cof .93

[11:52] {Threei} actually...

[11:52] {Threei} Short Setup: LVS.93

[11:52] {Threei} if atsya under 10

[11:53] {Threei} a bit late alert...

[11:53] {nemo} too quick

[11:53] {nemo} rimm short

[11:53] {BillyD} nice spot though

[11:53] {jfjf64} yup

[11:53] {Threei} see if gives a bounce

[11:53] {Threei} it started shaping up and then broke down too fast

[11:53] {Threei} alert was .95 break originally

[11:54] {Threei} it broke as I typed and I sacrificed 2 cents

[11:54] {Threei} and even that was late\

[11:56] {BillyD} is LVS over?

[11:56] {Threei} no

[11:56] {nemo} there goes RIMM

[11:56] {Threei} in fact did just what we need to give a second chance

[11:56] {BillyD} i got in but saw it hit .84 1:1

[11:57] {Threei} wait

[11:57] {Threei} news

[11:57] {nemo} ipo

[11:57] {Threei} LVS Exec: Currently in discussions with Macau lenders over fund raising possibilities (9.91, +1.32, 15.37%)

[11:57] {nemo} September IPO

[11:58] {Threei} nothing important

[11:58] {Threei} stop is still above 10

[11:58] {magoo} worried about halt

[11:58] {Threei} - Earlier it was reported that the comapny was planning a Hong Kong IPO in August for its Macau operations

[11:59] {Threei} eeck... look at this:

[11:59] {Threei} TARP Inspector General discloses support by the Fed in financial crisis could reach $23.7 trillion

[11:59] {wulff} I'll write a check

[11:59] {Threei} good boy LVS

[12:00] {jfjf64} nice vad

[12:00] {Threei} 1:1, cover half

[12:00] {Threei} not a scalp most likely

[12:00] {Threei} covered half .83

[12:01] {Threei} stop to .96

[12:01] {Threei} wheeeew... not reaching magoo's greatness levels yet but finally in the black

[12:02] {Threei} US Treasury's Kruger: There are clear signs economy is stabilizing; US stimulus plan appears to be 'on course'

[12:02] {jfjf64} not ther yet .60 break wfc ohh boy

[12:02] {jfjf64} lol

[12:02] {Threei} on collision course?

[12:02] {Threei} Sees employment outlook as facing challenges

[12:02] {Threei} really?

[12:03] {Threei} this market surge is a good test for LVS

[12:03] {Threei} if can't go up, this will be a nicely hooked one for a move to .50-.60 zone

[12:04] {Threei} (UK) BoE's Bean: I do not know where interest rates are going - BBC interview

[12:04] {Threei} ummm

[12:08] {wulff} close one

[12:10] {Threei} ah come on LVS, just die already

06[12:10] * Threei hits LVS over the head with 2x4

06[12:12] * Threei sends LVS black mark in the envelop stamped with parrot on the shoulder of patch-eyed man with wooden leg image

[12:15] {wulff} is this what it is like watching grass grow?

[12:16] {Threei} no, it's like watching painted grass to grow while paint on it dries up

[12:17] {wulff} as the dried paint peels from heat exposure

[12:17] {Threei} in the winter

[12:17] {BillyD} during previous drought

[12:17] {Threei} Prez is coming on TV

[12:20] {BillyD} standoff here

[12:23] {Threei} while this thing decides what to do, take a look at UAUA daily

[12:24] {Threei} looks tipe for a swing trade with .65 trigger

[12:24] {dino} trv l .39

[12:24] {Threei} tipe = ripe

[12:25] {Threei} HGSI Hearing cautious comments from Barclays (timing uncertain) (10.42, +7.10, 213.86%)

[12:26] {Threei} come closer my meatball

[12:26] {BillyD} sounds like a love call....meatball

[12:27] {nemo} Hah!! I was thinking the same thing

[12:27] {dino} that etn report is crap, and it rocks up? horrible is good i guess

[12:27] {Threei} well... I must admit... I am in love with food

[12:27] {Threei} especially meat

[12:30] {wulff} covered

[12:30] {dino} trv to flat thing is stuck

[12:32] {dino} stopped

[12:35] {dino} sm s etn .08

[12:37] {dino} bstop is .41

[12:37] {Threei} RIMM

[12:37] {Threei} looks breaky

[12:37] {Threei} .42 break long

[12:38] {Threei} stop under .30

[12:40] {Threei} out balance LVS

[12:42] {Threei} GS CNBC's Gasparino: Goldman has no plans to relinquish its commercial bank status "in the near term" (159.89, +3.05, 1.94%) (related XLF )

[12:42] {Threei} RIMM 1:1

[12:45] {Threei} Update: US Financial Stability Oversight Board Q2 Report: markets showed noticeable improvement in Q2

[12:45] {Threei} - report says Q2 lending tapered off; both commercial and residential real estate values remain cloudy.

[12:46] {Threei} CNBC updates CIT story: sources say govt has not ruled out any assistance for CIT

[12:52] {dino} etn stopped -.33

[12:53] {dino} f'ing rinse

[12:54] {dino} hate nyse

[12:54] {wulff} one for you dino, TSRA

[12:56] {dino} ty wulf

[12:58] {dino} either .44 or .00

[12:59] {wulff} later all

[12:59] {BillyD} bye wulff

[13:00] {dino} cya wulff

[13:00] {dino} etn last try sm s .14 stop .46

[13:02] {dino} tsra sm l .50, stop .19

[13:09] {dino} etn stopped done w/it

[13:10] {Threei} LVS says we shaould have kept stop at the original level?

[13:10] {fernp} yeah

[13:10] {Threei} I would just hate to return profit

[13:10] {BillyD} I thought about reentering when mkt droppped but passed

[13:10] {Threei} so did I

[13:11] {BillyD} safe is good these days in keeping profit

[13:11] {Threei} I am getting this feeling... August may not be as dead as usually

[13:11] {Threei} feels like something is brewing

[13:11] {BillyD} hope you are right

[13:11] {Threei} and even if not... the way I see it is,

[13:12] {Threei} we will sail through it safe and with smallish profits,

[13:12] {Threei} and then fireworks bound to begin

[13:12] {BillyD} your winning picks ratio is very high

[13:12] {Threei} this is market is pregnant with something big

[13:12] {BillyD} right now

[13:12] {Threei} no idea which way but

[13:12] {Threei} no, not right now

[13:13] {Threei} ok, speaking of fireworks

[13:13] {Threei} I added new section to a website

[13:13] {Threei} some thing like, umm, relief zone

[13:13] {Threei} here is first post

[13:13] {Threei} http://www.realitytrader.com/photography/

[13:14] {Threei} just want some self-expression opportunity for my artistic self, lol

[13:15] {BillyD} cool photos...where did you buy them?

[13:15] {BillyD} hehe

06[13:15] * Threei slaps BillyD around a bit with a large ofended ego

[13:15] {fernp} nice photos

[13:15] {BillyD} roflol

[13:15] {Threei} ty

[13:16] {Threei} I intend to update it now and then,. more actively at the start,

[13:16] {Threei} then as new photo opportunities comes along

[13:17] {Threei} so, who is inyerested to see my creations, use ATOM feed and whatever is there to get informed of new updates

[13:17] {Threei} or just drop by once a week :)

[13:18] {Threei} LVS puzzles me

[13:18] {Threei} sure it dfropped into 1:1 level again,

[13:18] {Threei} but market dropped much more

[13:19] {BillyD} it's in its own world

[13:19] {Threei} not sure there is a play in it on a short side anymore

[13:19] {BillyD} .80 suuport is strong

[13:19] {Threei} yeah

[13:19] {Threei} I guess I'll leave it alone

[13:19] {BillyD} RIMM bdn maybe 75

[13:20] {Threei} want a bounce first

[13:20] {Threei} and staying under .15

[13:20] {BillyD} ok

[13:21] {Threei} big bid got taken out

[13:21] {Threei} may niot even get bounce

[13:21] {Threei} ok... if market breaks down here

[13:22] {Threei} Short Setup: RIMM 75 break if stays under .15

[13:25] {Threei} so far so good

[13:25] {BillyD} yes

[13:25] {Threei} all components are in place, need trigger

[13:26] {BillyD} take trigger even if mkt doesn't breakdown?

[13:26] {Threei} Prez on TV

[13:26] {Threei} well, unless market spikes

[13:26] {Threei} then it would be a trap

[13:26] {BillyD} ok

[13:27] {Threei} imagine: market spikes, RIMM breaks 75 quickly,

[13:27] {Threei} I'd rather be a buyer on spike down :)

[13:27] {Threei} and profiting from trap shutting on non-observant shorters

[13:28] {Threei} when RIMM spikes on them

[13:28] {BillyD} true

[13:33] {BillyD} stubborn here

[13:37] {Threei} never triggered

[13:37] {Threei} and invalidated

[13:38] {Threei} as Russian poet said... thousand tons on word ore is burned for single word's sake

[13:38] {Threei} Larisa knows the name of the poet

[13:38] {Threei} on = of

[13:39] {Threei} sheesh... I can't eve retype what he came up with

[13:44] {Threei} The 'Department of Energy' was instituted on 8-04-1977

[13:44] {Threei} IT HAS 16,000 FEDERAL EMPLOYEES

[13:44] {Threei} AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES

[13:44] {nemo} yeah, to make us independent from foreign oil...successful huh?

[13:45] {Threei} reason given for the establishment of the DEPARTMENT OF ENERGY:

[13:45] {Threei} O LESSEN AMERICAS DEPENDENCE ON FOREIGN OIL.

[13:45] {Threei} good job has it done

[13:49] {magoo} read RIMM vad?

[13:50] {Threei} trying to get a feel for tnhe market mags

[13:50] {Threei} RIMM will do what NASDAQ will

[13:50] {Threei} spiked with it

[13:50] {magoo} HGSI

[13:58] {Threei} HGSI maybe preparing surprise...

[13:58] {magoo} think its going to new high

[13:58] {magoo} DANGEROUS

[13:58] {Threei} understatement of the century

[13:58] {Threei} scary as Goldman Sachs coming to your prom night

[14:02] {jfjf64} here zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[14:06] {Threei} NYSE volume 615M shares, about 13% below its three-month average; advancers lead decliners by 2.9:1.

[14:06] {Threei} - NASDAQ volume 1.27B shares, about 12% below its three-month average; advancers lead decliners by 1.3:1.

[14:07] {Threei} well, if want to try...

[14:07] {Threei} .80 break

[14:07] {Threei} stop under .65

[14:07] {jfjf64} ??

[14:07] {magoo} which?

[14:07] {Threei} ???

[14:07] {Threei} HGSI???

[14:07] {magoo} in .50

[14:12] {Threei} market starts setting the scene for new highs it seems

[14:13] {Threei} let's see if RIMM holding above .15

[14:14] {Threei} if so, next market spike is signal for RIMM entry

[14:15] {magoo} HUGGIES

[14:15] {magoo} HGSI

[14:15] {Threei} uh oh

[14:16] {Threei} magoo is getting emotional

[14:16] {Threei} mushy mashy

[14:16] {Threei} that can't be pretty

[14:16] {magoo} drinking with vad..."i luv u man..."

[14:16] {magoo} im thinking near 12 todfay...but nasty

[14:16] {Threei} yeah, that's when I usually start hiding

[14:17] {BillyD} RIMM when?

[14:17] {Threei} troubles me with this delay

[14:17] {Threei} .30 break

[14:17] {Threei} and let's hope it was just a delay

[14:18] {Threei} HGSI 1:1

[14:18] {Threei} decide half or scalp

[14:18] {Threei} hard to tell

[14:18] {magoo} if IF gets high...LOOK OUTTTTTTTTT

[14:18] {Threei} true

[14:18] {Threei} and if doesn't... watch out

[14:19] {magoo} 11.40 area..breather and blast off

[14:19] {Threei} after all, stock is up frigin 7 and galf

[14:19] {Threei} half

[14:19] {magoo} fasten seat belts

[14:19] {magoo} AAAAAAAAAADDDDD

[14:19] {BillyD} was HGSI official call

[14:19] {Threei} there is nothing over its head, but there is plenty of air under it jujst the same

[14:20] {Threei} [14:07] {Threei} well, if want to try...

[14:20] {Threei} [14:07] {Threei} .80 break

[14:20] {Threei} [14:07] {Threei} stop under .65

[14:20] {Threei} take it as you wish

[14:20] {Threei} risk is enormous

[14:20] {magoo} artapreo

[14:20] {BillyD} ok

[14:20] {Threei} so I try to keep it diacretionary

[14:20] {BillyD} makes sense

[14:20] {magoo} AHHHHHHHHHHHHHHHHHHHHH

[14:20] {BillyD} some yo will give set up but not take yourself

[14:21] {Threei} 1:2 almost

[14:22] {Threei} if I don't give it a color alert it doesn't necessary mean I wouldn't take it

[14:22] {Threei} just that it's discretionary

[14:22] {Threei} more risky thasn usual

[14:22] {Threei} Johnk, welcome aboard

[14:23] {JohnK} thx T

[14:23] {BillyD} out RIMM

[14:23] {Threei} belle too... not here right now

[14:23] {JohnK} do we have a RIMM alert?

[14:23] {Threei} nah

[14:23] {Threei} something isn't right with it

[14:23] {JohnK} OK thx

[14:23] {Threei} it moves with market as it should,

[14:24] {Threei} but it gives such strange delaysd

[14:24] {Threei} much longer than usdually

[14:24] {Threei} normally it's much more responsive

[14:24] {jfjf64} ty hgsi

[14:24] {BillyD} this mkt fallback is no help

[14:25] {jfjf64} +13cents

[14:25] {Threei} how did I know jf would go for HGSI

[14:25] {dino} rht sd .12

[14:25] {dino} sd=s

[14:25] {jfjf64} is that good thing or bad sir

[14:26] {jfjf64} lol

[14:26] {Threei} neither

[14:26] {Threei} just stating the fact...

[14:26] {Threei} and showing off my observancy

[14:26] {jfjf64} better then ya pictures

[14:26] {jfjf64} lol

[14:27] {Threei} watching trades you guys report I get pretty good feeling whose trading style is likely to get them into this or that setup

[14:27] {Threei} and don't think I'll forget that jf

[14:27] {larisa} lol

[14:27] {Threei} revenge is a dish best srved cold

[14:28] {Threei} I'll have mine when you least expect that

[14:30] {jfjf64} .80 break cof

[14:31] {jfjf64} need market help

[14:31] {jfjf64} fas goin

[14:32] {Threei} that's something we haven't payed in ages

[14:33] {jfjf64} yup

[14:35] {jfjf64} cant get pass r1 fas

[14:36] {jfjf64} hmm

[14:39] {larisa} HAR can not produce any decent bounce so far

[14:43] {Threei} Fed's Lockhart: Open minded about extending Treasury purchase program, will be discussed at next meeting

[14:47] {Threei} CIT Group Inc The purported $3B in rescue financing will reportedly be split in two sections; $2B to be provided on Monday, with the remaining sum in the near future - unconfirmed report

[14:50] {magoo} HGSI

[14:52] {BillyD} CAT is strong

[15:00] {Threei} (US) Interior Dept proposes banning new uranium mines on around 1M acres neary the Grand Canyon (related USU USEG FRG URZ )

[15:02] {magoo} HGSI

[15:03] {Threei} wow

[15:05] {Threei} don't see aything for this spike

[15:09] {magoo} HUGGYBEAR

[15:21] {magoo} vads, finf my 12 call

[15:25] {Threei} really tempted to short it

[15:28] {Threei} would be nice if I found guts, lol

[15:28] {magoo} i just exited .11.79

[15:28] {fernp} lol

[15:28] {magoo} like fvrom 10.50

06[15:28] * Threei slaps magoo around a bit with a large roll of cash

[15:39] {Threei} 12

[15:39] {Threei} ok, here it comes:

[15:39] {Threei} magoo was right

[15:40] {Threei} magoo faints

[15:47] {Threei} MKTX CEO: Expecting a better Q2 due to higher bond trading volumes; expect profits to be increased by CDS trading reforms (10.74, -0.12, -1.10%)

[15:51] {Threei} sheesh

[15:52] {Threei} President will address the nation on Wed at 8 pm

[15:55] {Threei} CNBC's Liesman: Treasury reacts to report by the TARP inspector General; the $23.7 trillion figure is inflated

[15:56] {larisa} by 0.7 :)

[15:56] {Threei} OGXI To raise $9.5M by selling 475K shares

[15:56] {Threei} lol larisa

[15:56] {Threei} if not by .35

[15:57] {Threei} selling 475K shares at $20/share

[15:58] {Threei} Treasury notes that cash outlays so far in the financial crisis are approx $2 trillion

[15:58] {Threei} are they saying inspector general can't count?

[15:59] {BillyD} he meant 2.7 not 27

[15:59] {BillyD} not 23.7

[15:59] {Threei} whatever

[16:00] {Threei} they can share abacus I'd think

[16:00] {larisa} poor HGSI shorts

[16:00] {Threei} thank you all, have a good evening

[16:00] {Threei} see you tomorrow

[16:00] {larisa} bye all

[16:00] {BillyD} cya

[16:01] {fernp} see u tomorrow. good evening all

Jul 17 2009

Nice profitable end to a nice profitable week. AIG long identified as a more than scalp worked and indeed brought nice gain about 50 cents. RIMM worked as well on a long side; BRCX decided to shake us out for a small stop on half lot which couldn't spoil the day.

Session Time: Fri Jul 17 00:00:01 2009

[08:46] {cosmo} BCRX) today announced positive results from two Phase 3 studies of intrav

[08:46] {cosmo} enous (i.v.) peramivir in patients with seasonal influenza.

[08:48] {cosmo} the i.v. model is so sheek....

[08:49] {cosmo} portable i.v. that is

[08:51] {Threei} Good morning

[08:51] {Threei} NVAX is moving in sympathy with BCRX I guess

[08:53] {dino} gm all

[08:53] {Threei} dino :)

[08:56] {magoo} morning

[08:57] {Threei} magoo :)

[08:57] {magoo} hi vad

[08:57] {Threei} keep an eye on BCRX

[08:58] {cosmo} CHINA?

[08:58] {Threei} may turn one of those.. huge gap, consolidation, then incredible follow through

[08:58] {magoo} wow..ok

[08:58] {magoo} which banks reported this morn

[08:58] {Threei} CHINA raised to Outperform from Underperform

[08:59] {Threei} price target $2.50

[08:59] {Threei} Earnings

[08:59] {Threei} Before the Open: AOS, BMI, BAC, BBT, C, FHN, GE, MI, MAT, PRSP, WBS.

[09:00] {magoo} BAC not so good i guess?

[09:01] {Threei} BAC Reports Q2 $0.33 v $0.28e, R $32.8B v $33.1Be

[09:17] {ese} good morning

[09:17] {Threei} ese :)

[09:20] {magoo} wasc good?

[09:20] {magoo} C

[09:21] {Threei} C Reports Q2 -$0.27 v -$0.37e, R $22.0B v $22.4Be

[09:24] {fernp} good morning everybody

[09:24] {magoo} keep eye on C vad..u got 2 left

[09:24] {Threei} fern :)

[09:25] {Threei} C is easy

[09:25] {jfjf64} mornin all

[09:25] {Threei} 3.21 is two days resistance, and bumping into it again

[09:25] {Threei} jf :)

[09:26] {Threei} was also a high on 06/19

[09:26] {jfjf64} what we lookin for in C vad late start here my friend

[09:26] {Threei} watching C by magoo's request,

[09:26] {Threei} and BCRX

[09:26] {jfjf64} magoo the man

[09:27] {Threei} if fails, it's his fault

[09:27] {jfjf64} of cause

[09:27] {magoo} it runs to 4 i get 2 months free ok?

[09:27] {magoo} BAC to vad..use another eye

[09:27] {jfjf64} ofcause

[09:28] {BillyD} gm all

[09:29] {Threei} Billy :)

[09:30] {texus} gm all

[09:30] {ese} corection today perhaps

[09:30] {Threei} texus :)

[09:31] {ese} texus!!!! welcome

[09:32] {dino} gm tex

[09:32] {dino} bcrx

[09:33] {ese} that ones interesting dino

[09:34] {texus} ty and g'morning:)

[09:34] {Threei} Long Setup: C 3.22 if stays above 3.10

[09:35] {BillyD} SMTC over .60 VAD

[09:35] {nemo} patience, you been killing it with tck lately?

[09:35] {BillyD} can be a spread changer though

[09:36] {cosmo} BCRX 6.40 hod

[09:36] {cosmo} ...needs to hold 6

[09:36] {cosmo} imo

[09:37] {dino} thinking short cos, fwiw

[09:38] {cosmo} hmmm

[09:38] {dino} mmmmh

[09:38] {cosmo} thinking valadation of support

[09:38] {dino} can't borrow cyber

[09:39] {magoo} CRAP AIG

[09:40] {magoo} may be a player vad AIG

[09:41] {Threei} looks like'nice pace

[09:41] {dino} sds l .75

[09:41] {ese} L yhoo .76

[09:42] {magoo} BAC

[09:43] {dino} stopped sds -.15

[09:43] {ese} yhoo stopped .70

[09:43] {patience} good morning nemo, just got out of tck this morning...+.76 today :)

[09:43] {ese} -.06

[09:43] {nemo} thought you might be there

[09:43] {patience} went camping on hornby island, left it to run and it did well while i was gone

[09:45] {BillyD} narrow range so far

[09:46] {nemo} fcx and tck killing it

[09:46] {_mikej} c still good

[09:46] {nemo} never broke .10

[09:47] {Threei} I start thinking, aggressive entry is better idea on C

[09:47] {Threei} pullback closer to .10, let's take it and keep tight stop just under it

[09:47] {_mikej} what that mean

[09:47] {_mikej} ok

[09:47] {magoo} whats your thoughts BCRX

[09:48] {magoo} lets watch AIG for pullbk

[09:48] {Threei} Long Setup: BCRX 6.10 break if stays above 6

[09:48] {ese} l yhoo .77

[09:48] {magoo} not avail short..so gay

[09:48] {dino} sds rinsed

[09:49] {Threei} mike,

[09:49] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[09:49] {magoo} BACon too...is a player

[09:49] {ese} out yhoo .82 +.05

[09:50] {fernp} gj ese

[09:50] {Threei} first strength from here, C

[09:50] {Threei} and only if holding above .10

[09:50] {ese} tks

[09:50] {nemo} markets dumping

[09:50] {Threei} BCRX invaliated

[09:51] {magoo} thats avail short if sets up boss

[09:52] {Threei} well... 6 was a short trigger by definition

[09:52] {Threei} C

[09:52] {Threei} upticks

[09:52] {Threei} stop under .10

[09:52] {magoo} AIG trying 14

[09:53] {Threei} Long Setup: AIG .80 break

[09:53] {Threei} stop under .60

[09:55] {Threei} if this one works, it's not a scalp

[09:55] {Threei} 14 is not a ceiling for it

[09:55] {Threei} 15 is not out of question

[09:56] {magoo} in

[09:56] {magoo} lets RIIPPPPPPPPPPP

[09:58] {Threei} offering 1/4 14.05

[09:58] {magoo} WHAT???

[09:58] {Threei} what what?

[09:59] {Threei} just 1/4, not even 1/2, and over 1:1

[09:59] {Threei} gotta manage risk ya know

[09:59] {Threei} it's AIG

[09:59] {Threei} hit

[09:59] {Threei} 1/4 out

[09:59] {dino} 7 up days in row on naz

[09:59] {Threei} offering 1/4 more 14.25

[10:00] {Threei} stop under b/e

[10:01] {jfjf64} aaaaaaaaaaaaaaiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiigggggggggggggggggggg

[10:01] {Threei} control yourself young man

[10:02] {magoo} covered AIG

[10:02] {texus} did anyone else have buying power issues with AIG?

[10:02] {Threei} covered?

[10:02] {magoo} only quarter left

[10:03] {magoo} UH..like whatever

[10:03] {magoo} i got other stuff goin

[10:03] {magoo} BAC

[10:03] {Threei} excuse me... you yelled at me for exiting 1/4?

[10:03] {magoo} SO?

[10:03] {Threei} texus... no...

[10:03] {magoo} :)

[10:03] {magoo} good thing your room here isnt skype

[10:03] {dino} you should hear him yell at me

[10:03] {magoo} i yell at u all day

[10:04] {jfjf64} go babbbbbyy go

[10:04] {Threei} lol, my sympathies dino

[10:04] {Threei} true mags

[10:04] {Threei} what was I thinking

[10:04] {dino} sometimes i just shut the door

[10:04] {magoo} i added

[10:04] {Threei} hit on the next 1/4

[10:04] {magoo} gonna ,ake millions

[10:04] {Threei} offering next one .45

[10:05] {BillyD} out in full AIG ty Vad & Magoo for alert

[10:05] {dino} skbi

[10:05] {Threei} welcome sir

[10:05] {Threei} told ya not a scalp

[10:05] {Threei} good thing you trusted me

[10:05] {jfjf64} lucky guess

[10:05] {BillyD} it is

06[10:06] * Threei slaps jfjf64 around a bit with a large roll of cash

[10:06] {jfjf64} aaaaaaaiiiiiiiiigggggg lol ty

[10:07] {magoo} BACon hangin in

[10:07] {dptl} morning all

[10:07] {Threei} dp :(

[10:08] {BillyD} Vad, what was your indication on AIG being more than scalp?

[10:08] {Threei} insane pace... saw that zillion times with runners

[10:08] {Threei} huge pressure

[10:08] {jfjf64} vodka billy d vodka

[10:08] {Threei} that too

[10:08] {jfjf64} lol

[10:09] {jfjf64} ya da man

[10:09] {Threei} C no go

[10:09] {BillyD} lol

[10:09] {Threei} out 1/4 more AIG if loses .30

[10:09] {Threei} there, out

[10:09] {Threei} last piece has the same stop, under .80

[10:10] {dino} sds l .65

[10:10] {Threei} so far, +.25, +.45 and +.48

[10:10] {jfjf64} lk ya style youg man

[10:10] {Threei} hehe

[10:11] {Threei} two old farts calling each other "young man" with this indulgent look

[10:12] {Threei} mags, admin asked you to check your e-mail

[10:12] {jfjf64} plays lk that keep us young strog

[10:13] {jfjf64} vad check ge pls ya lk

[10:13] {Threei} not really... struggle

[10:13] {Threei} me like easy money

[10:13] {Threei} GE is not

[10:14] {Threei} it may work but it will torture you

[10:14] {magoo} dcc

[10:14] {magoo} vad

[10:14] {Threei} each uptick will be a battle

[10:14] {jfjf64} ty

[10:16] {Threei} BCRX flatlined

[10:16] {Threei} this kind can resume march later on when they flatline this high in thr gap

[10:16] {magoo} RIMM vad

[10:16] {magoo} may be bounce

[10:17] {Threei} BCRX

[10:17] {Threei} Long Setup: BCRX .10 break if holding above 6

[10:18] {BillyD} lol

06[10:18] * magoo slaps BillyD around a bit with a large trout

[10:18] {Threei} valid still

[10:18] {magoo} no laughing..cant focus he he

[10:18] {Threei} RIMM .70 mags

[10:18] {Threei} aww

[10:18] {Threei} late

[10:18] {Threei} see if pulls back

[10:18] {jfjf64} you likey

[10:18] {BillyD} it was funny

[10:20] {Threei} so that I don't repeat the call:

[10:20] {Threei} if it goes above 6,

[10:20] {Threei} makes couple moves between 6 and 6.10

[10:21] {Threei} then breaks, it's valid again

[10:21] {Threei} RIMM back into call

[10:21] {Threei} .70 break

[10:21] {jfjf64} .10 break vad

[10:21] {Threei} stop under .60 for scalpers

[10:21] {Threei} under .50 for daytraders

[10:22] {Threei} over 1:1 for scalpers

[10:22] {Threei} over 1:2 for daytraders

[10:23] {Threei} 1:1

[10:23] {dino} sds stopped-.15

[10:23] {tomg} ty rimm, vad

[10:23] {magoo} out .91 TY FL

[10:23] {Threei} :)

[10:23] {Threei} that's what I call easy money

[10:23] {Threei} how hard was that?

[10:23] {magoo} i make the snowballs...vad throws them

[10:23] {jfjf64} lol

[10:24] {magoo} good team

[10:24] {Threei} may I offer one more application

[10:24] {Threei} you line up idiots along the wall... I shoot them

[10:25] {Threei} older I become lwess tolerance for idiots I have :)

[10:25] {jfjf64} aig

[10:25] {Threei} last piece of AIG is still here

[10:26] {Threei} stop under .80

[10:26] {Threei} not sure about target

[10:26] {jfjf64} im all out

[10:26] {Threei} will see how it goes

[10:26] {Threei} BCRX has this feel about it

[10:26] {Threei} 'I will kill a lot of you shorts"

[10:27] {wulff} .10 still you say

[10:28] {Threei} yup

[10:28] {Threei} may take a few tries as it shakes out

[10:28] {Threei} not an easy stock

[10:28] {jfjf64} lk that yup

[10:30] {wulff} AAPL over 150

[10:32] {Threei} let's change the idea on BCRX

[10:32] {Threei} see big offer at 6.01?

[10:32] {Threei} half lot long if breaks it while holding above .90

[10:33] {Threei} then if not stopped, add half lot on 6.10 break

[10:33] {Threei} and move stop to the low between these two events

[10:34] {Threei} makes sense?

[10:34] {nemo} clear as mud

[10:34] {ese} l yhoo .84

[10:34] {jfjf64} 6.01 break correct

[10:34] {BillyD} if BCRX breaks .01 and holds .95 then .95 is stop right?

[10:35] {Threei} no, for the first half lot .90

[10:35] {BillyD} ok

[10:35] {nemo} there are big orders at 600 an 6.02 also

[10:36] {BillyD} readjust stop if only breaks .10 right

[10:36] {Threei} they don't matter nemo

[10:36] {Threei} one at 6.01 does

[10:36] {ese} Daaaaaaaaaa!!!!!!! get up there

[10:41] {BillyD} in .01

[10:42] {BillyD} Am I in premature vad

[10:42] {dino} lol

[10:42] {BillyD} lol

[10:42] {dino} going down gut says

[10:43] {BillyD} why I ask

[10:43] {dino} sds l .50

[10:45] {Threei} okay... let's do it BCRX

[10:45] {Threei} so far everything according to a plan,

[10:45] {Threei} the rest is up to trading gods

[10:45] {Threei} they smile or they frown

[10:46] {nemo} look at the order at .05

[10:46] {Threei} nice order

[10:46] {Threei} juicy

[10:48] {Threei} watch now where we bottom out, that will be an indication where to trail the stop if we get a trigger for another half

[10:49] {jfjf64} wher is ya stp on this piece

[10:50] {nemo} .90

[10:50] {Threei} right under

[10:50] {ese} yhoo stopped .75 -.09

[10:50] {nemo} the proverbial "hair"

[10:50] {Threei} that's important diastinction

[10:51] {Threei} holding or losing the actual support

[10:51] {ese} this is not my day......

[10:52] {ese} as vad says " sometimes you are the windshield.....sometimes you are the bug!"

[10:53] {nemo} holding so far in a down market

[10:53] {nemo} kinda'

[10:55] {wulff} love that saying

[10:56] {ese} I like it too when it's not me

[10:57] {nemo} look at that bid at .98

[10:58] {nemo} gone

[10:58] {cosmo} 'don't be the bug; be the helmet'

[10:58] {cosmo} old biker saying....

[11:00] {nemo} Vad, if it chews through that big orer at .92, woul that be a good stop?

[11:00] {nemo} bid that is

[11:00] {ese} nice cos....... i like that better

[11:00] {dino} out sds .70, +.20

[11:00] {Threei} you are that eager to save 3 cents on half lot?

[11:01] {nemo} no, avoid slippage if it cracks the stop

[11:01] {cosmo} it goes better with music

[11:01] {Threei} then weigh it against being shaken out

[11:05] {ese} true

[11:05] {nemo} ese, did you ever hear of John Valbe?

[11:07] {Threei} done with AIG

[11:07] {BillyD} it was a good trade VAD

[11:07] {Threei} ty

[11:12] {fernp} have to go. see u on monday. good weekend to all

[11:13] {Threei} take care fern, have a good one

[11:13] {magoo} u too fern

[11:13] {BillyD} mkt seems to be in coma already

[11:21] {dino} sds s .75

[11:21] {jfjf64} what happen to easy moneyyyyyyyyyyyy

[11:22] {nemo} summer friday heading into lunch

[11:22] {Threei} it doesn't exist after morning rush is over

[11:22] {Threei} not in the summer

[11:22] {Threei} not on Friday

[11:22] {nemo} not at lunch

[11:23] {wulff} options exp.

[11:24] {Threei} no worky BCRX

[11:24] {nemo} there's that slippage

[11:24] {dino} cov sds .63, +.12

[11:25] {magoo} l MS .64

[11:25] {Threei} what slippage did you get??

[11:25] {Threei} .89 was there, .88 was there

[11:25] {nemo} .84

[11:25] {Threei} ???

[11:25] {Threei} you are kidding

[11:26] {nemo} no, blasted right through, I hit the button at .89 it just fell so I hit market sell

[11:26] {dino} nemo never kids

[11:26] {nemo} you had 3 or 400 shares at those levels...with you in there, that would gobble them up

[11:27] {nemo} shoulda' shorted :)

[11:34] {dino} tight range day

[11:34] {BillyD} yeah, NDX 10 pts

[11:37] {wulff} WFC

[11:38] {Threei} (US) White House Advisor Summer: Rising unemployment does not serve as apt basis for concluding that stimulus is falling short

[11:38] {Threei} - Rise in productivity during recession may be a sign of additional financial pressures on firmsmore... (related EUR/USD )

[11:48] {dino} sds l .75

[11:49] {ese} l fitb .14

[11:49] {nemo} not much movement, but volume pretty good

[11:49] {nemo} oil up big today

[11:50] {wulff} JPM long maybe, over .80

[11:54] {BillyD} I like COT setup but not today

[11:54] {BillyD} before it broke down...lol

[12:05] {wulff} Got WFC at .61 but got scared and sold early

[12:13] {nemo} MOS on a tear today

[12:15] {magoo} POT too

[12:15] {nemo} 4:1 % wise on MOS

[12:15] {nemo} well...3:1

[12:18] {BillyD} Vad, you watching BCRX

[12:18] {Threei} not sure for what

[12:18] {Threei} no pattern

[12:19] {BillyD} want to short but action says no

[12:19] {BillyD} just based on top of range

[12:22] {Threei} server bump?

[12:22] {BillyD} not here

[12:23] {dino} here

[12:27] {dino} upside has been relentless

[12:27] {nemo} all week

[12:27] {dino} y

[12:27] {BillyD} and downside the week before

[12:27] {Threei} Long Setup: RIMM .30 break

[12:27] {Threei} if stays above .20

[12:28] {ese} well I never!!!!!!!

[12:31] {dino} nor i

[12:35] {ese} could anything less be happening.........

[12:35] {nemo} there was plenty happening, we were just in the wrong places

[12:35] {jfjf64} good weekend all

[12:35] {Threei} see you in a year

[12:35] {Threei} take care jf

[12:36] {dino} cya jf

[12:36] {ese} cya jf

[12:36] {jfjf64} lotta fun this week goin to bank

[12:36] {jfjf64} lol

[12:36] {Threei} wtg

[12:36] {jfjf64} ty

[12:36] {Threei} but I am still leaving for a year

[12:36] {jfjf64} ese will tk ya spot

[12:36] {dino} gj

[12:37] {jfjf64} i bet he will hv music in background

[12:37] {ese} you bet

[12:38] {magoo} in rimm

[12:41] {magoo} CIT goin

[12:44] {nemo} anybody think MOS might be looking like a short?

[12:45] {nemo} guess not

[12:47] {magoo} kickin rimm

[12:49] {magoo} pulled a muscle dammit

[12:49] {nemo} stop "Web" surfin'

[12:49] {nemo} there goes mos

[12:53] {magoo} out rimm flat

[13:00] {ese} the myth of the "BLUSHDA" L=left R=right small l or r are grace notes...here we go..... rL rrL rL rrL etc etc lR llR lR llR....try it in triplets and sixteens next time you have time at home.....thank you....thought this would brighten your day

[13:00] {nemo} Somebody think up something creative with which to SMACK ese!

[13:02] {ese} whaaaaaaaa??????? nobody wants to be a drummer........auch du miya.........i'm hurt

[13:03] {nemo} Oy weh.

[13:06] {Threei} lol BCRX... now it decided to go?

[13:06] {nemo} and look at MOS

[13:07] {Threei} sorry... I don't care about MOS... that's dino's risk profile, not mine

[13:07] {nemo} Dino...look at MOS

[13:11] {dino} takeover rumors

[13:12] {dino} markets maybe rollingover

[13:12] {nemo} yeah, actually I was just busting when I was calling for opinions on a short @53

[13:13] {dino} thinking about going short

[13:14] {dino} markets that is

[13:14] {nemo} C U Monday

[13:14] {dino} cya nemo

[13:15] {Threei} lol... that's disgusting behavior by BCRX

[13:15] {BillyD} it's rude

[13:15] {Threei} very

[13:16] {Threei} this is what it was supposed to do back then

[13:20] {magoo} reload rimm ..28

[13:26] {_bradc} are you in rimm?

[13:27] {Threei} am not

[13:28] {magoo} i am .28

[13:28] {magoo} trying to exit .44

[13:30] {BillyD} magoo having to work for every penny on RIMM

[13:30] {magoo} out ..yea..and im lazy bastard

[13:33] {magoo} ty rimm boss

[13:45] {Threei} up we go some more

[13:46] {BillyD} just hard to play these breaks due to stops to wide

[13:46] {BillyD} a spike down and you are stopped

[13:46] {Threei} this is not a breakout game right now, I agree

[13:46] {Threei} pullbacks, yes

[13:46] {Threei} breakouts are mostly traps

[13:47] {BillyD} good entries are key

[13:49] {_bradc} on rimm the range was between .20 and .40, what did you see that made you call long at .30?

[13:50] {magoo} ill tell u what i saw..aapl finally started to break out, so i hit rimm

[13:51] {Threei} that trade long invalidated

[13:51] {magoo} it was .28 when aapl too its day highh of .45

[13:51] {Threei} the one magoo did came way later and was not directly tied into my call, other than general idea

[13:51] {Threei} at the time, idea of the trade was:

[13:51] {Threei} range .20 - .40,

[13:52] {Threei} hate to play breakout since stop would have to be so wide,

[13:52] {Threei} so want to try and get pullback,

[13:52] {BillyD} AAPL nice here

[13:52] {Threei} stock pulls under .30,

[13:52] {Threei} stabilizes,

[13:52] {Threei} bums into .30 couple times forming little resistance,

[13:52] {Threei} so we have minirange .20 - .30

[13:53] {Threei} and .30 becomes a trigger for a pullback entry.

[13:53] {Threei} Much closer to support, stop is way narrower

[13:53] {Threei} kind of semi-agressive entry

[13:53] {_bradc} thank you very much

[13:54] {Threei} sure thing

[13:54] {magoo} have a fish

06[13:54] * magoo slaps _bradc around a bit with a large trout

[13:54] {Threei} sigh... rite of passage

[13:55] {_bradc} more trout please

[13:56] {Threei} careful... with magoo around won't have to ask twice

[13:56] {BillyD} Vad, does your NQ chart lag a few seconds behind compared to main stocks when they follow (AAPL{ RIMM) & breaking up before seen on NQ chart

[13:56] {Threei} gotta watch in each particular case Billy

[13:56] {Threei} someof them sometimes lead, some follow

[13:57] {Threei} it's nto once and forever established relation

[13:57] {BillyD} was curious in more general rule

[13:57] {magoo} u using naz or q billy, im using Q chart

[13:57] {BillyD} q

[13:57] {BillyD} like AAPL moved thru .31 hitting .36 before uptick on Q chart

[13:57] {Threei} there is no general rule... some stock follow, some lead

[13:58] {Threei} some don't care

[13:58] {Threei} and any of them can change tomorrow

[13:58] {dino} ge hl l .75 stop lod

[13:58] {BillyD} so I shouldn't put too much stock into it

[13:59] {Threei} my favorites are those that follow with little delay

[13:59] {BillyD} yeah, that is the best way to work it

[13:59] {BillyD} otherwise hit and miss

[14:00] {magoo} WFC short

[14:01] {magoo} aapl sh .25

[14:01] {Threei} what the

[14:02] {Threei} mibbit must be acting up

[14:02] {magoo} aapl stop .40

[14:03] {magoo} 25 stop .wfc

[14:03] {magoo} imposs to short these days

[14:04] {magoo} stooped

[14:04] {BillyD} mkt climbs a wall of worry

[14:04] {BillyD} hard to get good follow thru

[14:04] {Threei} why are you fighitn the tape mags

[14:04] {Threei} there is nothing to indicate short

[14:05] {magoo} looked like rolling over

[14:05] {magoo} duped me

[14:12] {BillyD} BCRX looked like it was heading up to the .50 area and died

[14:13] {dptl} ok...done for today....have a good weekend all

[14:13] {BillyD} bye dp

[14:14] {dino} cya dp

[14:16] {Threei} take care dp

[14:17] {magoo} bye dp

[14:18] {Threei} magoo

[14:18] {Threei} loom to your right

06[14:18] * magoo slaps laserdave around a bit with a large trout

06[14:18] * magoo slaps laserdave around a bit with a large trout

06[14:18] * magoo slaps laserdave around a bit with a large trout

[14:18] {Threei} fish abundance

[14:19] {magoo} thanx for notice

[14:19] {Threei} one day dave will read Douglas Admas and say: good bye and thanks for all the fish

[14:25] {laserdave} :)

[14:26] {Threei} chessire cat smile?

06[14:37] * magoo slaps Threei around a bit with a large trout

[14:39] {magoo} moissed IBM move

[14:39] {Threei} huh?

[14:39] {Threei} there are 10000 stocks

[14:39] {magoo} what?

[14:39] {Threei} you are going to slap me for each one I miss?

[14:39] {magoo} no..just for that one

[14:39] {Threei} oh

[14:39] {Threei} okay then

[14:40] {BillyD} that's what scanners are for

[14:40] {magoo} u missed others too

[14:40] {BillyD} so you don't miss IBM

[14:40] {Threei} you guys...

[14:40] {BillyD} hehe

[14:40] {Threei} tell you what

[14:41] {Threei} go out there are find anyone who makes real time calls who would perform this summer as I did

[14:41] {Threei} or last fall for that matter

[14:41] {Threei} or winter

[14:41] {BillyD} hmmmm

[14:41] {Threei} fall probaly being the best indication since it was the world of hurt everywhere

[14:42] {Threei} and we made money day in day out

[14:42] {BillyD} we are spoiled and want more.....

[14:42] {BillyD} :)

[14:42] {Threei} well... maybe you need a reality check now and then... I am going to monastery for a year

[14:43] {Threei} when I am back, tell me whether you want me to start this again

[14:43] {BillyD} that would be serious reality check for you

[14:43] {Threei} what to check.. I found this great mountain all-female monastery...

[14:44] {BillyD} I see, you would not come back after

[14:44] {BillyD} a year

[14:45] {BillyD} magoo started and I chimed in for lack of anything else to do

[14:45] {BillyD} and I know how much you like to be badgered

[14:46] {Threei} lol

[14:46] {dino} zzzzzzzzzzzzzzzzzzzzzzz

06[14:47] * magoo slaps dino around a bit with a large trout

[14:54] {magoo} vad rot or rip

[14:55] {Threei} sideways or rip

[15:04] {magoo} CIT crushed

[15:04] {Threei} Update: Philadelphia's city government has stopped paying its vendors, citing a cash crisis - WSJ

[15:04] {Threei} - Mayor Nutter took this action after the Pennsylvania legislature failed to grant him authorization to raise the city sales tax and change the formula for the city's contribution to its employee pension plan, which the mayor sought as a means of closing the city's budget gap.

[15:05] {BillyD} amazing signs everywhere

[15:06] {Threei} CNBC's Faber: Sources indicating investors would prefer investing in a debtor in possession scenario and that a bankruptcy filing is more likely than not at this point

[15:06] {Threei} - Faber reiterates bankruptcy filing is not likely today, but could come over the weekend

[15:06] {Threei} that's for CIT mags

[15:06] {BillyD} tell the mayor to seel some bonds

[15:06] {BillyD} sell

[15:08] {dino} municipalities look like the next shoe to drop

[15:09] {BillyD} scary in that it directly hits people

[15:09] {dino} indeed

[15:11] {dino} big problem i hear, muni's not getting real estate tranfer taxes (sales way down) or real estate/school taxes (foreclosures), budgets count on these

[15:11] {BillyD} very true

[15:12] {BillyD} once homes sold they will get the re taxes but it kills their cash flow

[15:12] {dino} most do not realize how important the r.e. business is to eveything

[15:12] {BillyD} big ripple effect

[15:12] {dino} yes

[15:22] {ese} well this has been a "B"flat nothing day for me for sure.....am still long fitb .14......

[15:23] {ese} hows everyone else doin

[15:23] {dino} 550

[15:24] {ese} beats my -563

[15:24] {ese} good work dino

[15:24] {dino} i've strugled this month

[15:25] {dino} not good enough

[15:25] {ese} it'll even out for sure

[15:25] {dino} had to go back to scalping

[15:27] {ese} hmmmmmmm it's good to fall back on though......550's nothing to sneeze at

[15:28] {dino} when i hit a wall, back to scalps.

[15:28] {dino} tight ranges tough on my normal style

[15:28] {ese} good on ya...

[15:29] {dino} rockin' horse winner

[15:30] {dino} wow thought someone would get that

[15:32] {ese} haven't heard that saying for a while......i might have forgot what it means......from a movie right?

[15:32] {dino} "there must be more money"

[15:32] {dino} kid rides his rocking horse to predict horse winners

[15:32] {ese} ya......i remember now

[15:33] {magoo} MOS CRASH

[15:34] {magoo} news "no offer?"

[15:34] {Threei} MOS Vale denies making any offers for fertilizer companies, expanding operations remains strategic goal

[15:34] {Threei} - to concentrate on organic growth

[15:34] {Threei} - Reminder: on 7/16 Brazil's Estado news agency r... (49.87, -0.11, -0.22%) more... (related VALE POT AGU MON )

[15:36] {ese} wow.....anybody short that

[15:42] {ese} well....i've had enough for one wekk.....catch you all monday.......have a great weekend

[15:43] {ese} week

[15:43] {Threei} take care ese

[15:43] {ese} see ya vad

[15:43] {dino} cya es

[15:54] {BillyD} OPWV has nice chart for next week possibly

[15:54] {Threei} worth watching for sure

[15:54] {BillyD} KONG at it again

[15:58] {dino} out ge -.07

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {magoo} ty

[15:58] {Threei} that was a fairly nice week

[15:58] {Threei} even though magoo is unhappy with me

[15:59] {Threei} but what else is new

[15:59] {Threei} have a great weekend, see you on Monday

[15:59] {Threei} unless I am in monastery by then

[15:59] {dino} wow 8 days in row ndx

[15:59] {BillyD} thx Vad, have a good wknd

[16:00] {dino} sm sds position holdover

Jul 16 2009

Mostly inactive second half of the day (what else is new?) but the morning brought profits on WFC, RIMM and AA - this last one was real torture speed wise. Can't be too picky in the summer trading though.

Session Time: Thu Jul 16 00:00:00 2009

[08:26] {fernp} good morning everybody

[08:27] {nemo} :)

[08:27] {tomg} good morning fern, nemo, everybody :)

[08:37] {Threei} Good morning

[08:37] {nemo} :)

[08:38] {cosmo} ....so far

[08:38] {cosmo} :)

[08:38] {Threei} *INITIAL JOBLESS CLAIMS: 522K V 553KE; CONTINUING CLAIMS: 6.273M V 6.850ME

[08:38] {Threei} - Prior jobless claims revised from 565K to 569K

[08:38] {Threei} - Prior Continuing Claims revised from 6.883M to 6.915M

[08:38] {Threei} **Labor Dept: jobless claims were affected by seasonal factors, manufacturing and auto sector layoffs were less than typical; expected auto layoffs have already taken place.

[08:40] {_johnk3} gm

[08:41] {Threei} johnk :)

[08:41] {Threei} whole bunch of developments with CIT yesterday

[08:41] {Threei} interetsed or skip?

[08:41] {nemo} sure

[08:42] {Threei} very informative answer

[08:42] {nemo} well?

[08:43] {Threei} US Govt still evaluating aid for CIT; discussions could reportedly still end with bankruptcy - unconfirmed report

[08:43] {Threei} - Source notes that situation at the company could be bad enough that Govt aid may not help

[08:43] {Threei} Discussions with government agencies have ended, advised there is no "appreciable likelihood" of additional government support in the near term

[08:44] {Threei} Follow Up: Treasury has no comment on the company's statement

[08:44] {Threei} Treasury: High threshold exists for exceptional government aid; Says US has a strong set of financing tools to help restart overall credit markets

[08:44] {Threei} - Says several solutions for CIT were considered, but the firm's difficulties were too substantial.

[08:44] {Threei} - Says the liquidity situation at CIT had deteriorated to the point where solutions became unworkable.

[08:44] {Threei} Treasury: Bankruptcy not a foregone conclusion for the company and other restructuring options may be considered

[08:44] {Threei} - Unlike other firms that had government aid, CIT had not demonstrated that it could raise private capital and stay solvent.

[08:44] {Threei} - Believes that a CIT failure would not be as disruptive for markets and small businesses as in the past

[08:44] {Threei} - WSJ: Treasury expects to lose entire $2.3B TARP investment in CIT.

[08:45] {magoo} morning

[08:45] {Threei} FDIC Chairman Bair is seeking tougher curbs on the size and risk-taking of the US' largest financial firms

[08:45] {Threei} - The FDIC will propose charging the largest bank holding companies fees to the extent that they carry out non-traditional lending activities, such as proprietary trading.

[08:45] {Threei} mags :)

[08:45] {nemo} Magus

[08:46] {Threei} CIT Group Inc Has 24 hours to secure a $2B rescue financing sum; without financing, bankruptcy appears likely - WSJ

[08:46] {Threei} - Treasury official saw as much as half of TARP investment lost in value, says CIT's problems are too large to be resolved through govt aid

[08:46] {Threei} - Official also noted that CIT problems are not expected to be systemic, with bankruptcy possibly but other options still on the table

[08:46] {Threei} - Follow Up as of 23:10 EST: According to CNBC, CIT Group is likely to file for bankruptcy Friday.

[08:46] {Threei} - The CNBC report cited an unnamed source.

[08:46] {Threei} **Note: As of 12/2008, CIT had assets of $80.4B and liabilities of $72.3B.

[08:46] {magoo} so rumor not being saved?

[08:47] {Threei} rather: doesn't look like can be saved

[08:47] {Threei} look at this:

[08:47] {Threei} US Trade Rep Kirk: US has allowed certain trade partners to run over the country - interview

[08:48] {nemo} protectionism

[08:50] {BillyD} gm all

[08:50] {Threei} Billy :)

[08:50] {magoo} anyone know when bidu reports?

[08:53] {nemo} mags, they last reported on 4/27 so that would put them sometime at the end of the month-nothing yet

[08:53] {magoo} hm..ty

[08:53] {larisa} gm :)

[08:54] {Threei} larisa :)

[08:54] {Threei} GOOGS's today though, mags

[08:55] {magoo} yup

[08:55] {cosmo} BFRM

[08:55] {cosmo} FDA OK

[08:56] {cosmo} (FDA) approval for a method of mixing RADIESSE(r) dermal

[08:56] {cosmo} filler with lidocaine, which, in clinical trials, has demonstrated an

[08:56] {cosmo} improvement in patient comfort and an increase in patient satisfaction

[08:57] {cosmo} ... to things in general...

[09:01] {magoo} vad..u see pot and mos?

[09:01] {magoo} thinking short

[09:02] {Threei} well... not right now? :)

[09:02] {nemo} are you asking him or telling him?

[09:04] {Threei} consider it rhetorical question

[09:10] {dino} gm all

[09:11] {Threei} dino :)

[09:12] {texus} gm

[09:12] {Threei} texus :)

[09:12] {nemo} jpm down on a big beat

[09:15] {vinod} GM to all

[09:15] {Threei} vinod :)

[09:15] {nemo} vino

[09:16] {vinod} My intention is to help AIG today so you guy don't harrase AIG will short it?

[09:16] {Threei} well, we can't short it

[09:17] {Threei} so if anything, will play long... but only if it forms something convincing

[09:17] {vinod} them i may go after RIMM?

[09:20] {Threei} why predetermine what you are going to short?

[09:21] {Threei} whatever forms right setup and is supported by market direction, can be played

[09:23] {vinod} yes,I never do what I think is good trade untill i see real price

[09:25] {dptl} good morning all

[09:25] {Threei} dp :)

[09:27] {ese} damn thing....why pick on me this morning

[09:28] {ese} good morning

[09:28] {Threei} ese :)

[09:28] {Threei} lol... you enter wrong nick and expect it to understand? :)

[09:29] {ese} i swear on a stack of bibles that i entered ther right nick and pass

[09:29] {ese} 3/4 times

[09:29] {Threei} you have autofill on

[09:29] {Threei} you start typing, it filles to old nick

[09:29] {ese} nope

[09:30] {Threei} you click OK and boom, you have esemede in the username field

[09:30] {ese} don't know how to set that....where is it

[09:31] {_johnk3} stocks we are watching?

[09:31] {Threei} Assistant Treasury Secretary Allison: still expect millions of foreclosures even if the Obama program is a complete success

[09:32] {Threei} WFC

[09:32] {Threei} watching selling to pick a reversal

[09:32] {nemo} jpm too

[09:32] {_johnk3} thx

[09:33] {Threei} want one more leg down

[09:33] {Threei} if this is reversal, I'll let it go

[09:33] {nemo} not much of a range

[09:34] {_johnk3} RIMM?

[09:34] {Threei} too volatile

[09:34] {Threei} wfc

[09:35] {ese} stx

[09:35] {ese} waiting for pullback

[09:36] {Threei} ok, this is more like it

[09:36] {jfjf64} mornin

[09:36] {Threei} jf :)

[09:36] {nemo} fcx up a buck

[09:36] {Threei} Long Setup: WFC .85 break

[09:36] {Threei} if stays above .75

[09:37] {ese} it might cover the the .60 to .40 gap vad

[09:38] {Threei} looks ready to me

[09:38] {Threei} anyway, stop is small enough

[09:39] {ese} in wfc .85

[09:39] {fernp} in WFC

[09:40] {vinod} in.86

[09:40] {Threei} 1:1, half out or scalp

[09:40] {fernp} and out WFC

[09:40] {ese} out .93

[09:40] {fernp} ty Vad

[09:40] {jfjf64} out 92 ty

[09:40] {Threei} stop to .70 if you partial

[09:41] {ese} +.07

[09:41] {Threei} .79

[09:41] {vinod} 0ut.93

[09:41] {ese} tks vad!

[09:41] {Threei} sheesh... full room of pesky scalpers

[09:41] {nemo} out .93 hard getting fill

[09:41] {Threei} welcome of course, lol

[09:41] {nemo} Tyvm

[09:41] {_johnk3} godd trade V, thx

[09:42] {texus} out .92 too, ty

[09:42] {Threei} am I the only one holding half still??

[09:42] {BillyD} yea, I am out

[09:42] {_mikej} no iam

[09:42] {Threei} whew

[09:42] {magoo} i am

[09:42] {Threei} offering 1/4 more 25.04

[09:43] {Threei} stop is still under .80

[09:43] {vinod} got to go see you after lunch time

[09:43] {Threei} take care vinod

[09:43] {BillyD} cya vin

[09:43] {nemo} Vinod- another one-trade-stand

[09:44] {Threei} lol

[09:44] {Threei} will trail to .84 if breaks .96

[09:44] {ese} sure ....trade...win ....and run....whats that all about lol

[09:44] {Threei} vene vinodi vici

[09:44] {nemo} makes you feel used ese

[09:45] {Threei} stop to under .85

[09:45] {ese} definately......lol

[09:45] {nemo} Which reminds me, I have a friend who works in counseling...she was talking about sexual molestation

[09:45] {Threei} out 1/4 more 25.04

[09:45] {nemo} You always here about Men molesting young girls

[09:45] {magoo} out TY

[09:46] {Threei} stop to under .90

[09:46] {nemo} She says the incidence of Women molesting young men is actually much higher...we just don't complain

[09:46] {Threei} offering last part at 25.12

[09:47] {BillyD} taking it to the last penny eh Vad

[09:47] {Threei} me greedy

[09:47] {BillyD} lol

[09:47] {Threei} me also lazy - this one I already found, next one I still have to find

[09:47] {jfjf64} good time to be

[09:47] {nemo} He's not that good...he only get's within 1 or 2 cents of the top tick

[09:50] {Threei} Long Setup: RIMM .40 if stays above .25, half lot

[09:50] {dino} cov .60 pot +.40

[09:52] {Threei} over 1:1 RIMM

[09:52] {Threei} out +.33

[09:53] {magoo} out .78 TY

[09:53] {Threei} :)

[09:53] {ese} L intc .18

[09:53] {Threei} WFC held by fingertips

[09:54] {Threei} come here my meatball

[09:54] {Threei} see that 25.12? just take it

[09:54] {_johnk3} great trade RIMM V, thx :)

[09:54] {Threei} :)

[09:55] {jfjf64} xlnx tk look at vad

[09:55] {Threei} Long Setup: FITB .40 if stays above .35

[09:55] {Threei} just a scalp most likely

[09:56] {Threei} XLNX, .65 break maybe

[09:56] {jfjf64} ya lk .65 brreak

[09:57] {Threei} done with WFC

[09:58] {ese} L intc again avg price .186

[09:59] {BillyD} vad, look at EWBC

[10:00] {_johnk3} XLNX?

[10:00] {_johnk3} was this a definite maybe? :)

[10:00] {Threei} EWBC, I don't understand it

[10:01] {BillyD} ok

[10:01] {nemo} xlnx would have scalped

[10:03] {BillyD} ROST Vad is a nice uptrend, maybe .30 B?O

[10:03] {BillyD} B/O

[10:03] {Threei} US) Reportedly House panel adds $485M to defense budget for helicopter programs

[10:03] {Threei} - Helicopter funds to restore LMT helicopter program

[10:03] {Threei} heh

[10:03] {Threei} hypocrisy run wild

[10:04] {Threei} small shares Billy...

[10:04] {_mikej} xlnx ?

[10:04] {Threei} stop is a bit too far and stock isa bit too thin

[10:04] {BillyD} yeah, it is jumpy

[10:05] {ese} blind sided by the philly fed again

[10:05] {Threei} leave XLNX alone guys... that was specific question I answered, and jf knows how to play that one... kind of individual stock and setup

[10:06] {dino} sds l .60

[10:06] {jfjf64} sorry guys

[10:06] {nemo} don't do it again jf

[10:06] {nemo} :)

[10:07] {dino} out sds .72, +.12

[10:07] {magoo} AIG vad dumps

[10:08] {Threei} yeah, too bad it's non-shortable today

[10:08] {larisa} I can, close eyes, short and wait for 10 ?

[10:08] {nemo} funny girl

[10:08] {Threei} first two plays were easy... don't really want our third one to be AIG long, lol

[10:09] {larisa} :)

[10:10] {jfjf64} .55 l nok

[10:11] {Threei} .76 is a long trigger though if holding .65

[10:11] {Threei} and .64 is short trigger

[10:11] {BillyD} aig Vad?

[10:11] {Threei} yeah

[10:12] {BillyD} invalidated right?

[10:12] {Threei} yup

[10:14] {jfjf64} nok invalid here

[10:16] {larisa} vad RIMM you called off higher low? it was perfect price div, but you do not look for such things, right? ty

[10:16] {magoo} vad, look AA

[10:17] {Threei} wtaching

[10:18] {Threei} why not larisa? of course I do

[10:18] {Threei} that was double bottom, higher low, range established betgween .20 and .40,

[10:18] {Threei} one more pullback bottoming out above .25,

[10:18] {Threei} .40 becoming perfect trigger

[10:20] {Threei} Long Setup: AA .20 break if stays above .10

[10:21] {larisa} plus price divergence with all possible indicators. Was perfect setup, nice call RIMM

[10:21] {Threei} well, that I wouldn't know since I don't watych any indicators :)

[10:22] {jfjf64} nice larissa

[10:22] {larisa} this is why I ask, genius vad :)

[10:22] {Threei} lol

[10:22] {nemo} How much you pay her, Vad?

[10:22] {Threei} I missed the "price div", thought you meant higher low

[10:22] {Threei} Short Setup: RIMM .60 break half lot

[10:23] {BillyD} I am glad you asked, at first glanc eI did not see what Vad was calling and passed on trade....now I know better

[10:23] {Threei} if stays below .75

[10:24] {BillyD} does the RIMM spike invalidate it?

[10:25] {Threei} not if it trades for a min or two under .75 again

[10:25] {Threei} but another move over .75 will

[10:25] {BillyD} ok, sometimes it does and sometimes it doesn't

[10:25] {Threei} yeah

[10:26] {Threei} brief spike with very few trades, kind of natural volatility for this one

[10:26] {BillyD} with AIG spike below .64 and it's overall weakness made that spike more confirming right?

[10:26] {Threei} after all, we are trying to nail setup with 15 cents range on a very volatile stock

[10:26] {Threei} gotta give it some leeway

[10:26] {dino} sds s .50

[10:27] {Threei} now RIMM is fully invaliadetd

[10:27] {Threei} and in fact became a fade

[10:27] {Threei} but I had no time to call it, lol

[10:27] {BillyD} does my AIG comment make sense?

[10:27] {Threei} yup

[10:28] {BillyD} ok, just trying to follow

[10:28] {_bradc} AA?

[10:28] {Threei} still valid

[10:29] {Threei} it actually formed two setups in one...

[10:29] {Threei} one for scalpers

[10:29] {Threei} .20 break long with stop under .15

[10:29] {Threei} one for daytraders, with srtop under .10

[10:29] {Threei} whatever rocks your boat, both are valid

[10:29] {dino} cov sds .38, +.12

[10:30] {Threei} RIMM{ if I were smart and called two-sided setup in advance, we would have had over 1:1 here

[10:31] {Threei} 1:2

[10:31] {Threei} why oh why am I not smart

[10:32] {BillyD} get smarter

[10:32] {Threei} I will try my best

[10:32] {dino} you want me to slap the stupid out of you?

[10:32] {BillyD} rofl

[10:32] {Threei} I am afraid by doing that you will slap the whole me out of me

[10:33] {jfjf64} market movin nice

[10:33] {nemo} you'd have to hit him in the ass Dino

[10:33] {dino} or how about we change your nickname to meathead

[10:33] {texus} anyone else in AA?

[10:33] {Threei} nah, I better go to monastery

[10:33] {larisa} you either smart or genius, can not be both

[10:33] {dino} no but i should be

[10:34] {Threei} yes tex

[10:34] {nemo} yes

[10:34] {Threei} it triggered fair and square, why the doubt

[10:34] {fernp} in AA. yes

[10:35] {texus} didn't see anyone say they were in, all good :)

[10:35] {jfjf64} in aa tex

[10:35] {jfjf64} lets goooooooooooooooooooooooo

[10:35] {Threei} they hold out on us tex

[10:35] {Threei} then if it works they all say sure we wer

[10:35] {texus} ahhh...

[10:36] {Threei} if it doesn't, they say "of course we skipped it, it was so stupid to call it"

[10:36] {jfjf64} quiet assins ya trainin vad

[10:36] {Threei} lol

[10:36] {dino} lol

[10:36] {fernp} and in HIG from ,80 with stop under .70

[10:36] {Threei} wow, that was a good setup

[10:37] {fernp} ty

[10:37] {Threei} but fern held out on us too

[10:37] {nemo} volume dropping on AA increase

[10:38] {jfjf64} thanks nemo

[10:39] {wulff} WFC if you believe

[10:39] {Threei} WFC, I looked at it at .80, was nice-looking setup

[10:40] {Threei} just felt like a bit too operfect

[10:40] {Threei} and market was quite uncertain... so I refrained

[10:41] {Threei} AA used to be much faster than this

[10:42] {jfjf64} aig vad .80 break ya lk

[10:42] {wulff} Cramer pushing SNDK big

[10:42] {Threei} not sure jf

[10:42] {Threei} kind of 50/50

[10:43] {jfjf64} no lk 50/50 ty

[10:43] {Threei} see, AIG here is a pure risk based setup

[10:43] {Threei} what I mean by yhis is:

[10:43] {dino} sds l .20

[10:43] {Threei} it can go up or down in such situation as this with equal odds,

[10:44] {Threei} so if you find a formation with stop tight enough for you to shrug it off if not working, it's a valid play

[10:45] {magoo} too funny cause i took .75

[10:45] {magoo} before

[10:45] {jfjf64} thats what is hard to find stop formation i luv

[10:45] {magoo} low

[10:45] {Threei} well, low of the range

[10:45] {Threei} is natural support

[10:45] {Threei} thus becomes a stop if broken

[10:46] {jfjf64} .60

[10:46] {Threei} yes for a scalp

[10:46] {Threei} there is one more support level near .50

[10:46] {Threei} if you go for a longer trade, gotta give it a bit more room

[10:47] {Threei} and then of course whole array of different kinds of entries come into play...

[10:47] {jfjf64} go magoo

[10:47] {Threei} regular vs aggressive vs consevative

[10:47] {magoo} could rip

[10:47] {magoo} thats why interested

[10:47] {Threei} magoo went for regular

[10:47] {Threei} you eyed a bit more conservative

[10:47] {jfjf64} ty vad

[10:48] {jfjf64} that stop to bg for me

[10:48] {Threei} everyone knows/remembers diferent kinds of entries and their trade-offs?

[10:48] {BillyD} yes

[10:48] {jfjf64} but 3x hittin off.80 hmm

[10:49] {BillyD} now or never AA

[10:49] {Threei} {AA} don't pressure me

[10:50] {jfjf64} forgot aa how funny must be up BIG this week ty vad

[10:50] {Threei} welcome sir... nice to hear

[10:51] {magoo} out ,87

[10:51] {dino} out sds .32, +.12

[10:51] {magoo} will most likely reload

[10:51] {nemo} market ddrop

[10:51] {jfjf64} gj magoo

[10:52] {Threei} (US) Senator Bunning: States FDIC's Bair has stated that up to 500 more banks could fail (related XLF )

[10:53] {fernp} AA stop is still under .10, no?

[10:53] {jfjf64} need market to bounce movin avg for aa

[10:54] {Threei} {AA} told ya I do things at my own pace

[10:54] {Threei} no fern, I'd move it to under .15

[10:54] {BillyD} it was subtle suggestion technique

[10:54] {Threei} and scalpers got their 1:1

[10:54] {fernp} ty

[10:55] {dino} (US) dino says maybe more maybe less than 500 failures...see i could be politician too

[10:55] {nemo} a weatherman or economist also

[10:56] {Threei} isn't it ironic: magoo who hates slow stocks brought the slowest of today's plays, AA

[10:56] {magoo} but im not in it

[10:56] {nemo} frickin' comic book characters

[10:56] {Threei} say what?

[10:56] {magoo} not my type

[10:56] {nemo} fcx vad

06[10:56] * Threei slaps magoo around a bit with a large roll of cash

[10:56] {jfjf64} wide lines hd that feelin gettin in

[10:57] {Threei} CIT CNBC's Faber private equity and fixed income firms are in some talks to secure financing (0.41, -1.23, -75.13%)

[10:58] {Threei} well FCX...

[10:58] {Threei} FCX formal long trigger is .80 break...

[10:58] {Threei} but stop is quite wide

[10:58] {Threei} and stock is far from easy

[10:58] {nemo} been building a base though around .70

[10:58] {Threei} .70 is not a reliable support

[10:59] {jfjf64} look cof very strong

[10:59] {dino} sds l .35

[10:59] {nemo} should we move stop to .20 on aa?

[10:59] {jfjf64} market sellin this flyin

[11:00] {Threei} kind of personal preference nemo

[11:00] {Threei} can trail to under .20, can keep under .15

[11:01] {Threei} COF.. not sure about breakout but pullback into .80 would get me interested

[11:02] {Threei} US Houes Speaker Pelosi: Could possible change the high end of the healthcare surtax

[11:02] {jfjf64} was watchin break of .70 im sick

[11:02] {Threei} that was a good one

[11:03] {nemo} damn, watching aa missed break on fcx

[11:04] {jfjf64} lk how vol spiked up at .70

[11:05] {jfjf64} that was the ticket i missed it

[11:06] {magoo} a

[11:06] {magoo} i

[11:06] {magoo} g

[11:06] {dino} sds stopped -.10

[11:07] {magoo} in .85

[11:07] {jfjf64} even 2nd setup .85 i think valid cof also

[11:07] {magoo} looking for a RIPPPPPPP

[11:08] {magoo} [10:51] {magoo} out ,87

[11:08] {magoo} [10:51] {magoo} will most likely reload

[11:08] {magoo} [10:51] {nemo} mar

[11:08] {wulff} wow rimm

[11:08] {jfjf64} nice magoo lk it at .90 break gj

[11:09] {magoo} prolly .17 area

[11:09] {jfjf64} stop to .95

[11:09] {dino} rinsed

[11:10] {jfjf64} stop to .10

[11:10] {dino} reload .35 again sds

[11:11] {magoo} out .17 TY vad

[11:11] {jfjf64} gj magoo

[11:11] {magoo} jf careful

[11:11] {nemo} out aa

[11:11] {magoo} u out

[11:11] {jfjf64} y

[11:12] {magoo} make $$?

[11:12] {jfjf64} 18 cents

[11:13] {larisa} nice

[11:13] {dino} out sds .50, +.15

[11:14] {jfjf64} cof pull bk vad

[11:15] {Threei} not sure

[11:15] {Threei} get this:

[11:15] {Threei} US House Speaker Pelosi: Some of the wealth surtax could be used to pay down the Govt deficit

[11:15] {dino} why oh why don't we cut something rather than tax and spend

[11:16] {Threei} better yet: spend more than we taxed, so then we raise tax to compensate for overspending

[11:16] {jfjf64} cof interestin bulls bears fightin

[11:16] {Threei} and of course collecting more tax, we raise the spending again

[11:17] {Threei} but as Tatcher said... the problem with socialism is, sooner or later you run out of other people's money

[11:17] {dino} between state and federal taxes, the projections for these changes are at 55% tax rate, notcounting real estate/school taxes

[11:19] {dino} sds l .60

[11:19] {ese} I hadn't heard that saying before vad....but thats oh so true

[11:21] {dino} and i still think the dumbest thing is we spend 300-600 billion on oil, while we have enough nat. gas to last 150 years. it could power everthing

[11:21] {dino} not to mention the jobs it would create.

[11:22] {nemo} environmentalists 1) don't want a carbon based source of energy, and 2) don't want cheap energy

[11:23] {dino} you said it nemo

[11:24] {nemo} What's really scary, although, if they started with the Capitol and each state house, I wouldn't be opposed; many of the environmental groups believe in a radical reduction in the earth's population

[11:25] {Threei} and 3) want us all to wear fabric bags with holes for the head and arms and live in caves

[11:25] {dino} bunch of idiots w/$

[11:25] {nemo} Having said that, if they want to volunteer for population reduction, I'll gladly offer my services for free

[11:26] {dino} lol

[11:28] {dino} es, how did you shoot yesterday?

[11:28] {Threei} "how" or "who"?

[11:28] {dino} golf, how

[11:28] {Threei} sigh.. nevermind

[11:29] {dino} i get it

[11:29] {dino} but we cannot print that

[11:29] {jfjf64} cof missed again

[11:29] {Threei} lol

[11:29] {dino} up or down vlad the impaler

[11:30] {dino} caesars coin says down

[11:30] {Threei} don't have an opinion yet

[11:30] {Threei} kind of moment of indecision in the market

[11:30] {jfjf64} cof double top with market droppin

[11:31] {dino} thats why we have the coin

[11:38] {Threei} hmmm... this is from e-mail I got:

[11:38] {Threei} Looking gorgeous doesnt require big sums of money

[11:39] {Threei} yeah? I couldn't manage it on the cheap, nor for considerable expense...

[11:41] {dino} sds stopped -.15

[11:42] {jfjf64} cof

[11:42] {jfjf64} wow

[11:42] {dino} sds s .45

[11:42] {jfjf64} triple top to yesterday

[11:58] {dino} cov sds .25, +.20

[12:02] {Threei} Long Setup: AIG 13 break if holding above 12.90

[12:08] {Threei} yawn

[12:10] {dino} up or down vad?

[12:10] {Threei} sideways...

[12:10] {dino} unacceptable

[12:11] {Threei} sorry

[12:11] {Threei} but that's all I have

[12:11] {dino} you know, i'm starting to think you don't care

[12:11] {BillyD} COF a strong teaser

[12:12] {Threei} starting??

[12:12] {Threei} I stated years ago... I don't :)

[12:12] {BillyD} it seems

[12:14] {BillyD} Vad, do you care at all about COF

[12:14] {Threei} US Rep Frank: Committee will handle executive compensation topic in the last week of July

[12:14] {Threei} - Legislation includes 'say on pay' and will place curbs on excessive risk taking behavior

[12:15] {Threei} I jave hard time reading things when pace is so miniscule, Billy

[12:15] {BillyD} it's a slow dabce...lol

[12:15] {BillyD} dance

[12:15] {BillyD} that's why it's a tease

[12:16] {dino} lol

[12:23] {Threei} sorry dino... but 15 min later, it's still sideways

[12:24] {dino} guess you were right

[12:24] {Threei} not that I am glad to be

[12:24] {Threei} I would prefer the darn thing to start moving

[12:24] {Threei} but we may have to wait till after Labor day for that, lol

[12:25] {Threei} overall, my belief is, for the slow summer trading we are doing remarkably well

[12:25] {dino} scalpers market

[12:25] {Threei} finsing trades every day and winning most of them

[12:25] {Threei} finding too

[12:26] {dino} its so flat that sds crack won't budge

[12:26] {jfjf64} cof cof

[12:27] {jfjf64} fire sale

[12:27] {Threei} lol

[12:27] {Threei} good one jf

[12:28] {jfjf64} lot of entry didnt tk one

[12:29] {BillyD} skimpy mkt cuases me too not take some good setups

[12:29] {BillyD} causes

[12:29] {Threei} exactly Billy

[12:29] {Threei} oh sorry

[12:29] {Threei} eqzaktly

[12:29] {BillyD} lol

[12:29] {Threei} just as skimpy oputfits cause us to... errr.... cough, nevermind

[12:30] {BillyD} sigh

[12:30] {dino} huh? you say something

[12:31] {wulff} will be in the fair country with in the hour, so stay off the roads.

[12:38] {BillyD} AAPL may be a short off .80

[12:39] {dino} sds l .35

[12:46] {Threei} AAPL invaliadted

[12:48] {BillyD} yeah, mkt upticks

[12:52] {nemo} aa about to go 1:1

[12:52] {larisa} lol

[12:52] {Threei} {--- crying

[12:53] {BillyD} got out long time ago and not crying

06[12:53] * nemo {----lied

[13:00] {Threei} JULY NAHB HOUSING MARKET INDEX: 17 V 16E

[13:03] {magoo} ANPI

[13:08] {Threei} I don't see fresh news on it

[13:11] {dino} sds to .47 stingy

[13:11] {dino} to .50

[13:11] {dino} out +.15

[13:12] {dino} anpi fda approval

[13:12] {dino} of taxus

[13:12] {Threei} but that was before opening

[13:13] {dino} alrighty then

[13:13] {BillyD} see what ya get for trying to help dino

[13:14] {larisa} lol

[13:18] {dino} no respect

[13:22] {magoo} AIG vad criushed

[13:23] {larisa} to wake you up : http://www.trekearth.com/gallery/Europe/Denmark/East/Fyn/Odense/photo342027.htm

[13:23] {larisa} funniest and saddest sculpture

[13:24] {Threei} lol

[13:26] {larisa} and you say do not raise taxes for wealthy :) after seeing this I want all their money :)

[13:29] {jfjf64} cof.70 break vad what ya thoughts

[13:30] {jfjf64} nevermind

[13:31] {jfjf64} i wd think .70 .71 is level from this point on

[13:41] {jfjf64} c/h cof

[13:48] {jfjf64} any takers

[13:49] {BillyD} not here

[13:49] {jfjf64} in at 71

[13:49] {ese} ese is not away.......i'm still here watching INTC take off....i'm long at .19

[13:50] {magoo} vad..from yourexperience..how u gauge goog today?

[13:50] {magoo} its non performance

[13:51] {jfjf64} half out .84

[13:51] {BillyD} nice one jf

[13:51] {jfjf64} cof finally

[13:53] {jfjf64} stop to .82

[13:53] {Threei} mags... honestly, when it comes to GOOG, asnything's possible

[13:53] {Threei} I've no idea

[13:54] {jfjf64} stop to .85

[13:55] {jfjf64} out

[13:56] {jfjf64} +13 +14

[14:00] {magoo} EXPLODING UPWARD

[14:01] {Threei} CIT Group Inc Bondholders are reportedly considering a debt swap in efforts to avoid bankruptcy

[14:01] {Threei} - CIT's largest bondholder, Pacific Investment Mgmt, plans to hold a conf call with other bondholders to discuss the option. Some reports say CIT could need as much as $6B in funding to keep it out of bankruptcy.

[14:01] {BillyD} hate to have the pressure of the largest bondholder

[14:04] {jfjf64} vad ya still in aa

[14:04] {nemo} he's in coma

[14:05] {jfjf64} or countin is loot

[14:06] {Threei} no jf

[14:06] {Threei} lost patience long ago

[14:06] {Threei} or to be more precise, was afraid to fall asleep while having it open

[14:12] {BillyD} SMTC nice chart

[14:14] {jfjf64} look jpm 36.00 ouch

[14:29] {jfjf64} jpm

[14:30] {Threei} AA- NOW I am crying

[14:31] {ese} out INTC .34 + .15 35k......have to go otherwise would hold on for longer...been a good days work

[14:31] {nemo} I'll cry with you look at fcx

[14:31] {ese} cya tomorow all

[14:31] {BillyD} not like we couldn't wait on AA and had some place to go

[14:31] {nemo} frickin' musicians

[14:31] {larisa} lol

[14:31] {Threei} take care ese, great job

[14:31] {ese} tks

[14:31] {Threei} no kidding billy

[14:31] {jfjf64} later ese

[14:32] {BillyD} it didn't even hit the scalper stop vad

[14:32] {Threei} yeah, it just tired us out

[14:32] {BillyD} it would have probably done me some other psychological if I held it

[14:33] {BillyD} lol

[14:33] {BillyD} psychological damage

[14:35] {dino} sds l .65

[14:35] {nemo} Qs through their recent highs, SPY within spittin' distance

[14:40] {dino} stopped sds .-.15

[14:41] {dino} gap s/p 946

[14:42] {dino} 8799 dji gap

[14:46] {dino} fwiw downside gaps from tues. close 8359,1452,905

[14:52] {BillyD} strong mkt recovery for the last week

[14:56] {magoo} vad AIG?

[14:57] {Threei} remained quite inept during market move...

[15:00] {vinod} I have to start here, I can't see previous chat for today

[15:02] {Threei} dino, look dcc please

[15:03] {vinod} My idea of short rimm and AIG hasn't good

[15:03] {Threei} well... as we talked in the morning: if there is setup there is trade

[15:03] {Threei} if not - why would you short them

[15:03] {Threei} or long for that matter

[15:03] {Threei} don't trade out of general idea... that would be thinking

[15:04] {Threei} and thinking is not good for your trading

[15:04] {vinod} I usually take a note of what I feel and look at end what happen. good education for me

[15:05] {vinod} I know I need to be lie nemo. no thinking

[15:05] {vinod} look like he left for hte day

[15:06] {Threei} thinking is for analysts... they need to justify, to explain (post-fact as a rule, lol)

[15:06] {Threei} traders react on recognizable scenario developing

[15:08] {dino} sds l .50

[15:08] {BillyD} RIMM holding well

[15:08] {Threei} dino, look dcc please

[15:09] {dino} ok

[15:12] {dptl} have a good evening all

[15:12] {Threei} take care dp

[15:17] {cosmo} SNDK 17.77 hod fwiw

[15:18] {cosmo} needs to hold .60

[15:18] {cosmo} imo

[15:20] {Threei} Reminder: previously announced index changes go into effect after the close of trading today

[15:20] {Threei} - HR will replace WNC in the S&P600 index.

[15:20] {Threei} - CERN to replace JAVA in the NASDAQ-100 Index

[15:26] {BillyD} Vad...do those news posts get psoted to room automatically?

[15:26] {larisa} hope not :)

[15:29] {Threei} no

[15:29] {BillyD} it is at your discretion then

[15:29] {dino} sds stopped

[15:29] {Threei} yes

[15:33] {Threei} was thinking of SNDK as short candidate, based on Cramer hyping it

[15:34] {Threei} I am too hesitant these afrenoons...

[15:36] {BillyD} what would your stop be

[15:36] {BillyD} .66

[15:36] {Threei} I thought of .70 breakdown witgh stop above high

[15:36] {BillyD} .70?

[15:36] {Threei} about 10 min ago

[15:36] {BillyD} whewwwwwwwwww

[15:38] {BillyD} when did Cramer comment

[15:39] {Threei} [10:42] {wulff} Cramer pushing SNDK big

[15:39] {dino} 3:40 release the hounds

[15:42] {BillyD} tomorrow otions day right?

[15:42] {BillyD} options

[15:43] {vinod} up up and up we go. see you monday. i am taking dayoff tomoroow

[15:43] {BillyD} enjoy vin

[15:44] {Threei} take care vinod

[15:44] {dino} cya vvin

[15:45] {dino} v

[15:46] {cosmo} i hear cramer screaming...

[15:46] {Threei} mags... see how AIG remains unaffected by market surge?

[15:50] {dino} as am i

[15:50] {Threei} lol

[15:51] {dino} this action is crazy, end of days on friday, and now euphoria rules, 8-10% weekly moves

[15:51] {magoo} vad..gun t head..goog pop up after reports?

[15:52] {Threei} shrug

[15:52] {Threei} yes

[15:57] {Threei} okay guys, thank you all

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {BillyD} cya

[15:58] {larisa} bye :)

[15:58] {jfjf64} later

[16:01] {Threei} GOOG Reports Q2 $5.36 v $5.09e, R$ (ex-tac) v $4.06Be

[16:01] {Threei} R$4.05B (ex-tac) v $4.06Be

[16:03] {Threei} Q2 paid clicks -2% q/q, +15% y/y

[16:03] {Threei} - Q2 international revenue $2.91B,