Jul 29 2009

With nice WFC and NVAX wins and couple small stops we continue both streaks - one of moderate steady profits and one of boredom. Being offered a choice between being bored with profits and being entertained with losses, what would I choose... hmmm

Session Time: Wed Jul 29 00:00:00 2009

[08:20] {Threei} AGEN is trying again

[08:23] {nemo} morning

[08:24] {Threei} nemo :)

[08:24] {nemo} or as magoo would say gninrom

[08:27] {Threei} BLTXX Baltic Dry Bulk Index +0.7% (3rd straight increase)

[08:28] {BillyD} gm Vad

[08:28] {Threei} Billy :)

[08:29] {Threei} these bios spiking out of nowhere on no news become irritating

[08:30] {BillyD} AGEN has eps before mkt open tomorrow

[08:30] {nemo} crap stocks moving is not a healthy market

[08:30] {Threei} JUNE DURABLE GOODS ORDERS: -2.5% V -0.6%E; DURABLES EX-TRANSPORTATION: 1.1% V 0.0%E

[08:30] {Threei} Prior Durables revised from +1.8% to 1.3%

[08:31] {Threei} (US) Fed's Dudley: The economic contraction is waning, sees moderate growth in the second half of 2009; concerned Fed's exit will be "very, very premature"

[08:32] {Threei} AVII at least has some resemblense opf news

[08:32] {Threei} what dod JAZZ have?? :)

[08:32] {Threei} aside of cool name

[08:33] {cosmo} showtime?

[08:33] {Threei} EFUT Works With Microsoft to Provide Standardized POS-ERP System in China (8.40, 0.00, 0.00%)

[08:34] {Threei} system will integrate Microsoft Windows Embedded POSReady 2009 into eFuture''s POS-ERP Store Operation System. Leveraging eFuture''s nationwide retail customer base and Microsoft''s worldwide reputation will allow eFuture to deliver a reliable and seamlessly integrated POS solution to companies throughout China.

[08:34] {Threei} POS solution eh

[08:40] {cosmo} POS response, it seems

[08:58] {JohnK} gm folks

[08:59] {Threei} john :)

[09:04] {magoo} morning

[09:04] {nemo} gninrom

[09:04] {Threei} magoo :)

[09:05] {fernp} good morning everybody

[09:06] {magoo} is laser down?

[09:06] {BillyD} no

[09:07] {Threei} fern :)

[09:07] {magoo} weird, took me 3 trys

[09:08] {larisa} good morning :)

[09:10] {Threei} Yahoo! Inc CEO: Pact with MSFT will help provide healthy cash flow moving foward, agreement is a "game changer"

[09:10] {Threei} - Deal only covers search and search business operations; will provide a strong Number 2 player in search field

[09:10] {Threei} - Deal will not cover display ads or other areas of Yahoo's business

[09:10] {Threei} - Best element of deal will be its ability to bring scale to the market

[09:10] {Threei} - Reiterates that MSFT's focus will be on search technology

[09:10] {Threei} - Follow up: See Rev levels coming down a bit on the action as some actions will be shared. Has the option to use MSFT tech on mobile platforms, mobile relationship is not exclusive.

[09:10] {Threei} larisa :)

[09:10] {larisa} :)

[09:12] {Threei} (US) PIMCO's El-Erian: July equities rally is a "sugar high"; Not seeing long-term, sustainable demand return yet; reiterates it is too soon to say the recession is over - CNBC

[09:12] {Threei} - notes there is a limit to how high we can "float up" on public debt.

[09:12] {Threei} - mostly reiterates his comments from yesterday.

[09:15] {ese} good morning

[09:15] {Threei} ese :)

[09:15] {nemo} hey ese

[09:15] {ese} morning boys.....and larisa.......

[09:16] {larisa} ty ese for not calling me "larry" thing :)

[09:16] {nemo} hehehehe

[09:16] {dino} gm all

06[09:16] * Threei hands larisa frozen trout and points at nemo with his eyes

[09:17] {nemo} hey Dino

[09:17] {Threei} dino :)

[09:17] {ese} your welcome.......

[09:17] {ese} dino

06[09:17] * nemo crawls in cave, closes door, pulls blanket over head

[09:17] {cosmo} try lari nemo

[09:18] {nemo} hi lari!

[09:18] {dino} :)

[09:18] {cosmo} oops...

[09:18] {larisa} lol

[09:18] {Threei} csomo, contributing to creation of a monster

[09:18] {cosmo} self man eh

[09:18] {cosmo} self made that is

[09:19] {ese} drys reports tomorow...

[09:19] {Threei} nothing shapes up cleanly so far

[09:20] {cosmo} ALVR should hold 4.30 imho

[09:21] {cosmo} 4.50 pre mkt high fwiw

[09:24] {jfjf64} mornin all

[09:25] {Threei} jf :)

[09:26] {patel} good morning traders

[09:26] {Threei} patel :)

[09:28] {magoo} ELRN up on news vad

[09:29] {Threei} Elron Electronic Industries Ltd. Receives Formal FDA Clearance to Market Its Insulin Micropump in the United States

[09:29] {Threei} - Medingo intends to introduce the Solo MicroPump at the American Association of Diabetes Educators Meeting which will take place in August 2009 in Atlanta, U.S.A.

[09:29] {Threei} innovative, miniature, tube-free, insulin delivery system

[09:31] {ese} mee taking off

[09:31] {nemo} fcx croaking

[09:33] {magoo} BAC nuts vads

[09:33] {Threei} yeah

[09:33] {Threei} no fresh news

[09:33] {magoo} AIG pop

[09:33] {Threei} ELRN is really nuts

[09:34] {Threei} WFC...

[09:34] {Threei} let's see if there is a play here

[09:35] {magoo} lets watch CAT too

[09:36] {Threei} Long Setup: WFC .35 if holding above .20

[09:37] {Threei} if you prefer aggressive entry, stop is still under .20

[09:37] {Threei} Long Setup: CAT 42 break if holding above 41.90

[09:39] {Threei} WFC almost 1:1

[09:39] {Threei} half out

[09:39] {Threei} 1:1 with no almost

[09:39] {Threei} scalpers be happy

[09:39] {JohnK} out of WFC thx T :)

[09:40] {Threei} daytraders take half, trail stop... routine

[09:40] {Threei} John :)

[09:40] {jfjf64} cat

[09:41] {Threei} CAT confirms observation from a day or two ago:

[09:41] {nemo} here it comes

[09:41] {Threei} all invalidations can be faded for a very high percentage of winning trades

[09:42] {nemo} sorry Vad, thought you were gonna' make a joke...don't know why I thought that

[09:42] {JohnK} is the CAT trade still valid?

[09:42] {nemo} dead

[09:42] {Threei} kidding john?

[09:42] {JohnK} thought so

[09:42] {cosmo} don't count on it nemo

06[09:42] * nemo slaps JohnK around a bit with a large daytrading course

[09:42] {JohnK} it's early sorry :)

[09:43] {Threei} let's see:

[09:43] {ese} l mee .11

06[09:43] * nemo slaps JohnK around a bit with a large Master Profit Plan

[09:43] {Threei} [09:37] {Threei} ... if holding above 41.90

06[09:43] * nemo slaps JohnK around a bit with a large scalping course

[09:43] {Threei} WFC stop for the balance to under .40

[09:44] {ese} out mee .16 =}05

[09:44] {ese} +.05

[09:45] {Threei} FITB

[09:45] {Threei} on a verge of break on daily

[09:45] {ese} L mee .20

[09:46] {ese} out mee .34 +.14

[09:49] {cosmo} sqnm

[09:50] {patel} if WFC can take out .64

[09:50] {patel} which was yesterday's high

[09:52] {tomg} cat

[09:54] {ese} ya well yere got yer market not keeoperatin......how da ya expect ta work in dem dare conditions

[09:54] {ese} l mee .15

[09:55] {patel} thanks for WFC, vad :)

[09:55] {Threei} sure

[09:55] {_matt} nice call on wfc thank you

[09:55] {ese} out mee .21 +.06

[09:55] {Threei} welcome matt

[09:56] {magoo} BAC does even blink

[09:57] {Threei} and no news of any significance in financial sector

[09:58] {wulff} HGSI new daily high

[09:58] {Threei} eeck

[09:58] {Threei} missed it

[09:59] {wulff} me too

[09:59] {wulff} .60 support

[09:59] {Threei} spiked into 15 anyway, I wouldn't buy such trigger

[10:00] {wulff} swing maybe

[10:02] {wulff} here, please drop

[10:03] {Threei} (US) Treasury's Geithner: Will continue to take prudent interest in global economy (related EUR/USD )

[10:03] {Threei} huh?

[10:03] {ese} l hgsi .15

[10:04] {ese} out hgsi .20 +.05

[10:06] {ese} out hgsi .20 +.05

[10:06] {ese} opps sorry

[10:07] {fernp} out WFC ty Vad

[10:07] {Threei} :)

[10:07] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:07] {Threei} **consensus expectations:

[10:07] {Threei} Crude: -1Me

[10:07] {Threei} Gasoline: -600Ke

[10:07] {Threei} Distillate: +1Me

[10:08] {Threei} US Labor Dept: June unemployment increased in all 372 survey areas of the US on y/y basis

[10:09] {Threei} watching BAC and HGSI for pullback entry

[10:10] {ese} L mee aggressive entry .47

[10:11] {Threei} IMMU Hearing renewed takeover chatter circulating (435.50, -4.35, -0.99%)

[10:12] {BillyD} wanted HGSI in the .80's

[10:12] {wulff} the 1980's?

[10:13] {BillyD} 14.80's

[10:13] {Threei} Long Setup: BAC .65 if stays above .59

[10:14] {BillyD} break .65 or hit it

[10:14] {Threei} hit

[10:15] {magoo} in bacon

[10:16] {ese} out mee .54 +.07

[10:17] {nemo} rimm vad

[10:18] {chiro} Bac stop ? .59?

[10:18] {nemo} yep

[10:18] {Threei} formally .58

[10:19] {nemo} just had a visual of Vad in a tie

[10:19] {chiro} ty

[10:19] {Threei} RIMM, double bottom try would be .30 break

[10:19] {Threei} with .15 stop

[10:20] {Threei} no worky BAC

[10:20] {ese} stld

[10:21] {ese} smaller loss but not good enough getting smoked

[10:21] {jfjf64} rimm stop ??

[10:21] {Threei} [10:19] {Threei} with .15 stop

[10:21] {Threei} wake up guys

[10:23] {Threei} HGSI is still holding up there

[10:24] {jfjf64} i sleein i guess ya in hgsi yet

[10:25] {wulff} in .18

[10:27] {_matt} on wfc this morning it spiked way up while hitting the entry, would it be a consideration for selling into the fast buying action?

[10:28] {_matt} with volume

[10:29] {Threei} you mean after triggering?

[10:29] {Threei} or coming into trigger?

[10:29] {_matt} coming into triggger it hit it, i got in and it went to .46 on the same 1 min candle

[10:30] {Threei} *DOE CRUDE: +5.15M V -1ME; GASOLINE: -2.31M V -600KE; DISTILLATE: +2M V +1ME

[10:31] {Threei} such spikes often signal exhaustion, yes

[10:31] {Threei} to take scalp or partial out is kind of personal preference

[10:32] {_matt} I was going to partial but scalped with that price action, do you indicate when you intend to partial or scalp?

[10:32] {Threei} usually yes

[10:33] {Threei} sometimes I forget

[10:33] {Threei} most oftenb if there is no indication, it's for your discretion,

[10:33] {Threei} and if I feel strongly one way or another, I say "not a scalp for me"

[10:34] {Threei} or "just a scalp"

[10:34] {_matt} it seems that when you partial it gives you a risk free way of taking advantage of a possible big move

[10:35] {Threei} true, buit the downside is a chance of profits evaporating

[10:35] {Threei} tradeoffs...

[10:35] {Threei} everything is a compromise

[10:36] {_matt} you mention that summer is slow, does the fall offer more trades or just more readable due to increased volume?

[10:36] {Threei} both

[10:37] {BillyD} FITB strong

[10:37] {_matt} ty

[10:38] {Threei} sure

[10:38] {dino} sm l snda .05

[10:42] {Threei} Market Internals update at 10:30amET

[10:42] {Threei} - NYSE volume 240M shares, about 13% below its three-month average; decliners lead advancers by 2.2:1.

[10:42] {Threei} - NASDAQ volume 510M shares, about 8% below its three-month average; decliners lead advancers by 1.9:1.

[10:42] {dino} nvax

[10:42] {Threei} my best guess is, we are about to see rally resumption

[10:43] {Threei} BCRX too

[10:43] {Threei} what the deuce

[10:46] {magoo} u usually have good feel on mkt / rally call vad

[10:49] {ese} l mee .37.....real crappy fill......

[10:50] {nemo} get out ese

[10:50] {nemo} :)

[10:52] {patel} u wathcing any thing

[10:54] {ese} out mee .53 +.16

[10:54] {nemo} rockin' on mee today ese

[10:55] {ese} tks

[10:55] {Threei} last pullback, then break, looks like

[10:55] {fernp} gj ese

[10:55] {nemo} on what vad?

[10:55] {Threei} market

[10:55] {nemo} what symbol is that...duh

[10:55] {ese} that was a nice one with 6k

[10:55] {BillyD} is BAC candidate

[10:56] {Threei} WFC is better one

[10:56] {BillyD} yes

[10:56] {Threei} and RIMM

[10:57] {Threei} NVAX ultimately lost its mind

[10:57] {BillyD} who? hehe

[10:59] {nemo} nice one Dino

[11:00] {Threei} Update: CDC vaccine chief: pandemic flu vaccine could be ready in the US by September (related SNY GILD NVAX BCRX )

[11:02] {chiro} HGSI 14.97

[11:02] {dino} got lucky

[11:02] {nemo} BS

[11:02] {chiro} only if i sell for profit

[11:03] {nemo} dcc Dino

[11:04] {Threei} okay, in case rally resumption materializes:

[11:04] {Threei} Long Setup: WFC .77 if stays above .65

[11:04] {magoo} magoo looks up 2 words there in pictionary

[11:04] {Threei} sorry mags

[11:05] {Threei} didn't mean to overtask your capacity... it's nemo's fault

[11:05] {nemo} how's that?

[11:05] {Threei} no idea but it just must be

[11:05] {BillyD} by default nemo it seems

[11:06] {nemo} you can't blame somebody who is here. You have to blame somebody who isn't so they can't defend themselves

[11:06] {magoo} CAT could be candidate lord vader

[11:06] {Threei} dp, you here?

[11:07] {Threei} tough one mags

[11:07] {magoo} 'only as tough as u make it:)

[11:07] {Threei} there... it's dp's fault

[11:07] {Threei} you got a break nemo

[11:08] {magoo} i still blame nemo

[11:09] {Threei} nothing prevents us from blaming both of them actually...

[11:10] {Threei} and dino goes on vacation soon...

[11:10] {magoo} lazy slackers

[11:10] {ese} l mee .43

[11:10] {magoo} 20k?

[11:11] {ese} 3

[11:11] {nemo} DPWFL Mags...

[11:11] {magoo} HUH?

[11:12] {Threei} see?

[11:12] {Threei} at least my words you will find in vocabulary

[11:12] {chiro} hgsi -.15

[11:13] {nemo} Disgruntled Postal Worker Fantasy List

[11:14] {magoo} oh roflol..i was clueless..i ighnored all of your posts yesterday

[11:14] {Threei} yesterday?

[11:14] {nemo} what makes yesterday unlike any other day

[11:15] {ese} out mee .37 -.06

[11:15] {ese} daaaaaaaaa!!!!!!!

[11:15] {Threei} WFC is on a verge of being invalidated

[11:15] {magoo} bears will prolly make an attempt to squash mkt ...but will fail..and vads rally will hit

[11:16] {BillyD} puitting up a fight though

[11:16] {Threei} that's my story so far mags

[11:16] {Threei} sticking to it until proven otherwise

[11:16] {Threei} and trying to get a feel for NVAX... done or resting before another rocket

[11:18] {magoo} u just better get it right, i will be loading the boat if u get my drift

[11:19] {Threei} no pressure eh?

[11:19] {magoo} im serious..BIG shares if IF

[11:19] {magoo} so even a dime will kill me

[11:19] {BillyD} lol

[11:19] {Threei} WFC invalidated for now

[11:20] {nemo} so, it's a short?

[11:20] {magoo} billy, he works best when i moltivate him:)

[11:20] {nemo} :)

06[11:20] * Threei slaps magoo around a bit with a large anti-motivating device

[11:22] {nemo} yeah, but that rash never goes away

[11:22] {magoo} u just focus he he

[11:22] {Threei} NVAX is too volatile for such precision as dime

[11:23] {Threei} just a fair warning

[11:24] {Threei} IACI CEO: We can compete in search, this is still a very dynamic, growing area of the internet - conf call

[11:24] {Threei} Bing is definitely an improvement over Microsoft's previous attempts at search.

[11:24] {Threei} - "Some people out there refer to IACI as #3 in search."

[11:24] {Threei} well... some people think I can sing

[11:26] {nemo} yeah, but they're deaf

[11:26] {Threei} that's my point

[11:27] {Threei} Long Setup: NVAX .95

[11:27] {Threei} stop under .80

[11:27] {Threei} risky as hell

[11:27] {Threei} and if triggers,

[11:27] {Threei} Long Setup: BCRX

[11:27] {Threei} right here

[11:27] {Threei} stop under .30

[11:28] {nemo} what was right here?

[11:28] {Threei} it's still right here

[11:29] {magoo} futes still rotting

[11:29] {Threei} I don't think this couple cares much about them at this point

[11:31] {Threei} they have their own momo that either continues or dies down

[11:32] {Threei} NVAX if works, not a scalp for me

[11:32] {Threei} will try to partial

[11:33] {Threei} next spike should take it into 1:1

[11:35] {magoo} vad, keep eye on HGSI

[11:35] {Threei} can't

[11:35] {Threei} one on NVAX, one on BCRX, third in comaa

[11:36] {Threei} there... 1:1 NVAX

[11:36] {Threei} half out

[11:37] {Threei} stop to undr .90 for the balance

[11:40] {Threei} hurry up BCRX, your turn

[11:41] {patel} i was away from my desk what was the entry in BCRX

[11:41] {Threei} .39 - .40

[11:41] {ese} i smell more money in mee once this shakeout is done

[11:41] {Threei} but it's a complemetary play to NVAX

[11:43] {Threei} Attention: NVAX stop for the balance to under .95

[11:44] {Threei} mags, are you breathing over there?

[11:45] {Threei} next partial exit for NVAX is .22

06[11:46] * Threei slaps magoo around a bit with a large defibrillator

[11:47] {magoo} yea

[11:47] {Threei} just making sure you are partialling out... you know, the best way to get killed is to go for a kill

[11:48] {Threei} ok, next leg up is coming

[11:50] {Threei} here it is

[11:50] {Threei} direct hit

[11:50] {Threei} 1/4 more out

[11:50] {Threei} stop to .99

[11:51] {fernp} nice call Vad

[11:51] {nemo} wish you hadn't said "Risky as hell"

[11:51] {nemo} :)

[11:52] {Threei} well, it is

[11:52] {nemo} yep

[11:53] {Threei} look at the high so far

[11:53] {Threei} .23

[11:53] {Threei} is that a precision on exit or what

[11:53] {Threei} okay, your chpices on last portion:

[11:53] {Threei} stop under 5,

[11:54] {Threei} either exit into spike over .30, most likely closer to .40

[11:54] {Threei} or continue trailing it

[11:54] {Threei} I'll give trailing levels as it goes

[11:59] {magoo} which?

[11:59] {magoo} as i run for cover lol

[11:59] {Threei} which what?

[11:59] {magoo} good one:)

[11:59] {Threei} who?

[12:00] {Threei} don't overtax my mental capacity

[12:00] {Threei} it has been seriously tested earlier this morning when wife asked "2 eggs or 3?"

[12:01] {fernp} lol

[12:03] {Threei} thank you fern

[12:04] {Threei} youare about the only one who maintains my dignity, even with mercy laugh

[12:04] {fernp} here I am whenever you need me :)

[12:05] {Threei} thank you

[12:05] {Threei} now, my revenge for jf:

[12:05] {Threei} http://www.realitytrader.com/photography/2009/07/canadian-snowbirds.html

[12:10] {Threei} done with NVAX and stopped on BCRX

[12:10] {Threei} and guess who is on TV

[12:11] {larisa} nice pics. we had mama with 6 baby racoons last year, every evening they walked the perimeter of our property and hanged like apples from the trees for hours. very funny

[12:12] {Threei} they are funny until they fight for food... then they are vicious :)

[12:13] {BillyD} great photos Vad

[12:13] {Threei} ty

[12:13] {patel} nice pix

[12:13] {BillyD} did you take them?

[12:13] {BillyD} hehe

[12:13] {Threei} sigh

[12:20] {Threei} WFC

[12:20] {Threei} forming .60 - .70 range

[12:20] {Threei} not taking this break right away

[12:20] {Threei} I'd prefer more consolidation

[12:21] {Threei} break right now is very likely to turn out a trap

[12:24] {Threei} 75% Favor Auditing The Fed

[12:27] {ese} those of you that worked nvax.......good job....it's takin off again

[12:28] {BillyD} Vad, is WFC ready this time if breaks .70

[12:29] {Threei} it's retreating while market moves up

[12:29] {BillyD} your photos are really nice, was kidding

[12:29] {Threei} not liking it very muxch

[12:29] {BillyD} ok

[12:29] {Threei} I know... don't take my grumpiness seriously :)

[12:29] {Threei} no one does

[12:30] {BillyD} Yeah, I don't....good entertainment

[12:30] {Threei} which makes me even grumpier

[12:30] {Threei} Preview: Treasury's $39B 5-year note auction results due just after 1PM ET

[12:30] {Threei} - $39B auction size is an increase of $2 from June

[12:30] {Threei} - prior bid-to-cover ratio 2.58 with an average of 2.20 over the last 10 auctions

[12:30] {Threei} - indirect bidders took 62.8% of competitive bids at last auction

[12:30] {Threei} - with 23.4% alloted at the high at last auction

[12:30] {Threei} - When Issued notes currently offer a yield roughly 3 basis points above the cash market at 2.62%

[12:39] {dino} pega

[12:40] {Threei} we again are locked in 20 points range

[12:47] {Threei} 13 min till auction results

[13:01] {Threei} TREASURY'S $39B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO: 1.92 V 2.58 PRIOR AND 2.20 AVG OVER THE LAST 10 AUCITONS

[13:03] {chiro} RIMMM...ndl

[13:03] {chiro} yhoo

[13:03] {chiro} sry...

[13:05] {Threei} market disliked auction results

[13:05] {Threei} but we are still in that same narrow range

[13:12] {Threei} (US) President Obama: Best case scenario would be a vote on healthcare bill in late September or early October (related IYH )

[13:13] {Threei} US) Reportedly leader of House fiscal conservative Democrats ("Blue Dogs") says agreement has been reached on the healthcare bill

[13:13] {Threei} - Reportedly the markup of the bill will resume later today.

[13:13] {Threei} - Notes that full House will vote on the bill in September, says the White House is on board with plan.

[13:30] {Threei} WFC - another confirmation of "fade the invalidation"

[13:33] {patel} we watching anything

[13:33] {Threei} not finding anything to watch

[13:35] {fernp} YHOO is not dropping with market

[13:36] {Threei} .40 is resistance to break for it

[13:45] {nemo} Mmmhhhh...why's the $ so strong?

[13:55] {magoo} vad, u watching bac wfc for bounce if mkt resumes?

[13:55] {Threei} I guess

[13:58] {magoo} sigh

[14:00] {Threei} Fed's Beige Book:Economic decline has moderated;

[14:00] {Threei} reporting extremely soft labor markets; lending activity stable in some districts

[14:01] {Threei} - Residential real estate market still soft

[14:01] {Threei} - upward price pressures are minimal

[14:25] {ese} hellooooooo bayyyyyyyyyba.....as elvis would say

[14:26] {nemo} wtf you wake me up for!!!

[14:26] {ese} was visiting the other side........

[14:26] {ese} of my computor that is.....

[14:27] {ese} gonna have to get that program for macs where you can operate windows from the mac side

[14:28] {ese} elvis is watching nemo........don't forget that

[14:31] {wulff} in HIG

[14:31] {fernp} VMware is the program, ese

[14:31] {fernp} http://www.vmware.com/products/fusion/

[14:36] {nemo} how's the coma Vad?

[14:37] {larisa} too deep to answer :)

[14:37] {nemo} thanks Lari

[14:38] {larisa} yw

[14:38] {Threei} sigh

[14:40] {nemo} Amazing, that bad auction, tbt skyrockets, then plummets ack to range

[14:40] {nemo} back

[14:42] {BillyD} why did we wake up today

[14:42] {Threei} come on... WFC and NVAX plays were not worth it?

[14:42] {BillyD} did not take either.....not my preference

[14:42] {Threei} well...

[14:43] {BillyD} why did you call WFC when mkt was still selling?

[14:43] {BillyD} what did you see

[14:43] {Threei} because it was setting up long while market was selling...

[14:44] {BillyD} it seems it's pattern has been hit or miss...some days yes with some days no

[14:44] {nemo} trout him Vad

[14:44] {BillyD} reason for my pass

[14:45] {larisa} BIlly, did you take HGSI on 14.80 pullback like you wanted though? it was nice one for 20 cents.

[14:46] {nemo} she's so sunshiny

[14:46] {larisa} earlier today. I used your alert, so ty :)

[14:46] {BillyD} I did not take it...don't remeber why

[14:47] {larisa} was a bit slower then we'd like on pullback, but support did hold

[14:47] {larisa} but i agree slow day

[14:48] {BillyD} my whole pt before vad jumped in....lol

[14:48] {BillyD} that guy........

[14:48] {larisa} lol

[14:48] {nemo} trout him Billy

[14:49] {ese} Thanks fern....will look into that

[14:49] {larisa} nemo provocator

[14:49] {Threei} 'cause I take sever umbrage in suggestion I don't earn my keep - while I hit weeks' long winning streak in THIS swamp {G}

[14:49] {Threei} and nemo....

[14:49] {BillyD} lol

[14:49] {nemo} what?

06[14:49] * Threei unholsters the trout

06[14:50] * nemo crawls into cave...closes door...pulls blanket over head

06[14:50] * nemo grabs teddy bear

[14:50] {Threei} okay then... but holster is still unbuttoned

06[14:50] * nemo opens draw...pulls out colt python .357

[14:50] {BillyD} gotta keep nemo at bay with constant threat

06[14:51] * Threei slaps nemo around a bit with a large solid frozen trout, fins sharp

[14:53] {nemo} the double whammy, physical abuse and psychological damage from fratricie

[14:53] {nemo} fratricide

[14:53] {Threei} that's how we do things...

[14:54] {nemo} I'm calling PETA on you

[14:55] {Threei} they'll make me watch their ads with girls in swimming suits? oh horror

[14:56] {nemo} Depends on the women...I think Rosanne Barr is in the latest

[14:56] {larisa} she lost a lot of weight lately

[14:59] {Threei} things I learn here...

[14:59] {larisa} wow, just noticed oil prices

[15:12] {Threei} Long Setup: USO .50 break if stays above .35 - half lot

[15:13] {ese} Vad are you coming to the Symphony Splash on Sunday.....my High School band is playing on the barge from 4pm to 6 pm

[15:13] {Threei} saw the program ese

[15:13] {Threei} sorry, won't be coming myself

[15:13] {Threei} too many people, too hot... and I have guests out of town who hate all those things

[15:14] {ese} ahhhh ok

[15:14] {BillyD} lol

[15:14] {Threei} good luck with p;erformance

[15:14] {Threei} I am sure your guys will do fine

[15:15] {ese} http://victoriasymphony.ca/concerts/splash/index.html here is the website everyone.....very cool show for my kids to be doing

[15:15] {Threei} cool kids too

[15:15] {ese} tks

[15:17] {ese} anyway....am down to the Symphony offices now.....see you tomorow

[15:17] {Threei} take care ese

[15:17] {ese} see ya vad

[15:20] {nemo} Ha! just noticed the Qs are up today...whooda' thunk

[15:21] {dino} why would they be up?

[15:21] {nemo} I don't know

[15:22] {dino} strange

[15:22] {nemo} not by much, but they are

[15:23] {Threei} EBAY Reportedly working on software to replace Skype; founders of Skype theaten to make underlying technology unavailable

[15:23] {Threei} - Founders of Skype accuse EBAY of violating licensing agreement

[15:23] {Threei} Congressman Barney Frank: "cram down" rules may be brought back if lenders do not modify more mortgages

[15:25] {dino} something about barney and cram down that i'm not liking

[15:25] {nemo} hehehe

[15:26] {Threei} [14:59] {Threei} things I learn here...

[15:26] {Threei} but LOL

[15:29] {BillyD} Vad, still interested in USO

[15:29] {nemo} didn't break .35

[15:30] {nemo} c u 2 morow

[15:30] {BillyD} no, but day gets shorter

[15:30] {nemo} when's sunset :)

[15:30] {BillyD} in 30 min

[15:30] {BillyD} hehe

[15:30] {Threei} I think so billy

[15:31] {BillyD} ty

[15:31] {Threei} has a good chance of jump for a scalp on end of day covering

[15:33] {Threei} USU To Pursue Discussions on Loan Guarantee

[15:33] {Threei} - requesting that the Obama administration review further the economic recovery and national and ene... (3.78, -0.27, -6.67%) more...

[15:34] {Threei} requesting that the Obama administration review further the economic recovery and national and energy security benefits of providing a loan guarantee for the American Centrifuge Plant in Piketon, Ohio. This announcement comes in response to the U.S. Department of Energys (DOE) request that USEC withdraw its application for loan guarantee funding.

[15:34] {_matt} did you get uso?

[15:34] {Threei} it triggered... why not?

[15:40] {Threei} Harvard's Feldstein: Obama health care reform program will cost in excess of $1T - CNBC (related IYH BBH PPH )

[15:41] {_matt} my bad

[15:41] {patel} USO needs a little kick

[15:42] {Threei} little?

[15:44] {Threei} let's tighten stop to under .40

[15:44] {Threei} time's getting tight

[15:44] {Threei} even with half lot, no point in struggling too much

[15:48] {Threei} stop to under .45

[15:48] {Threei} {--- extra-stingy

[15:49] {BillyD} nah, just prudent

[15:49] {Threei} the laughter of people who know me well is deafening

[15:51] {Threei} out

[15:51] {Threei} whatever

[15:51] {Threei} it would be unamerican profit anyway

[15:52] {BillyD} as long as USD

[15:52] {Threei} okay guys, thank you all

[15:52] {Threei} have a good evening, see you tomorrow

[15:53] {BillyD} cya

[15:53] {larisa} bye

[15:53] {fernp} bye

Jul 28 2009

Nice, slow and steady. Another winning day, with one stop and a few wins on RIMM both directions and AIG long. Gotta sail through the summer in a slow but steady boat.

Session Time: Tue Jul 28 00:00:00 2009

[06:48] {_roxy} GM

[08:16] {Threei} BLTXX Baltic Dry Bulk Index +2% (second straight gain

[08:17] {Threei} Good morning

[08:17] {BillyD} Vads

[08:17] {BillyD} Vad :)

[08:17] {Threei} DRYS got ligitimate reason to continue... let's see if it uses it

[08:17] {Threei} roxy, billy :)

[08:32] {nemo} market not looking to kindly at the auctions this week?

[08:34] {Threei} I am not sure auctions is such a huge part of market engine at this point

[08:34] {Threei} just one of pieces of the puzzle

[08:47] {Threei} BCRX fell of a cliff

[08:47] {Threei} JAZZ on the other hand...

[08:48] {_roxy} how do i make the font bigger?

[08:48] {Threei} don't make it color please

[08:48] {nemo} "You can have any color you want as long as it's black"

[08:49] {Threei} who uses mibbit, can you help?

[08:49] {_roxy} sorry

[08:49] {nemo} Whoa! "Zimbabwe Share Trading Value Surges"

[08:50] {Threei} finally

[08:50] {nemo} All's right with the world...

[08:51] {cosmo} we might even be using their currency soon...

[08:51] {nemo} thought we were

[08:52] {cosmo} hmmm ....checking

[08:52] {fernp} good morning everybody

[08:52] {Threei} fern :)

[08:53] {fernp} CTRL + "+" increase the font in all browsers

[08:54] {Threei} ty fern

[08:54] {fernp} :)

[09:00] {Threei} *MAY CASE SHILLER HOME PRICE INDEX: 139.84 V 139.18 PRIOR; COMPOSITE-20 Y/Y: -17.06% V -17.90% PRIOR

[09:02] {Threei} CFTC's Gensler: Agency is not seeking to end specualtion in fiancial markets

[09:02] {Threei} rofl

[09:03] {Threei} as if financial markets could even exist without speculation

[09:03] {cosmo} why are they gonna do that?

[09:03] {Threei} the very fact that they have to say this speaks volume of how this administration is seen

[09:04] {cosmo} volumes

[09:04] {Threei} them too

[09:05] {JohnK} GM folks

[09:05] {jfjf64} mornin

[09:05] {Threei} John :)

[09:05] {Threei} jf :)

[09:11] {Threei} still nothing on JAZZ on news wires

[09:15] {magoo} gninrom

[09:15] {Threei} oogam ):

[09:15] {nemo} redrum

[09:18] {dino} gm all

[09:18] {Threei} dino :)

[09:18] {nemo} onid

[09:18] {ese} good morning

[09:18] {nemo} ese

[09:18] {Threei} ese :)

[09:18] {nemo} can't do much with ese

[09:19] {Threei} lol

[09:19] {ese} alright what did i miss?

[09:20] {nemo} the boat

[09:20] {nemo} rofl

[09:20] {ese} can't dis agree with that..........

[09:23] {magoo} :)

[09:23] {magoo} doesnt take much in this room :)

[09:23] {nemo} use yesterday as an example...Hey Mags, ever figure out how to display a stock on a chart!

[09:24] {Threei} BAC Reported company is not planning to reduce US branches by 10%, refuting WSJ report

[09:24] {cosmo} why are they gonna do that?

[09:25] {Threei} AVII Update: AVI BioPharma and Action Duchenne Team Up to Support Advancement of PMO-Based Therapeutics for Treatment of Duchenne Muscular Dystrophy

[09:25] {nemo} they get to keep customer money if there's no way for them to get it out

[09:25] {cosmo} ah

[09:27] {Threei} guess what I've got for the open

[09:27] {BillyD} DRYS

[09:27] {nemo} nada, zilch, zed

[09:27] {Threei} nemo takes the price

[09:27] {Threei} prize

[09:27] {nemo} that's the third one I've won, and you've never sent me anything

[09:27] {BillyD} give'em the holster prize vad

[09:27] {Threei} I sent you my best wishes

[09:28] {nemo} you can't give me a pat on the back because of your permanently dislocated shoulder

06[09:28] * nemo slaps BillyD around a bit with a large trout

[09:28] {BillyD} ARIA a nice little candidate vad

[09:28] {Threei} but there is always trout...

[09:28] {Threei} AVII too

[09:28] {BillyD} lol

[09:28] {patel} good morning

[09:28] {Threei} patel :)

[09:29] {Threei} IMF: Needs of emerging markets (ex China) could be in range of $1.3T to $2.0T over the next decade (related EUR/USD CE4FX )

[09:29] {nemo} dcc BillyD

[09:30] {BillyD} got it

[09:30] {nemo} heheh

[09:30] {nemo} e

[09:30] {BillyD} :)

[09:30] {texus} gm

[09:30] {Threei} texus :)

[09:32] {Threei} Long Setup: AVII .50 break if stays above .40

[09:34] {Threei} ARIA got traction

[09:34] {dino} veco, evvv

[09:34] {Threei} pullback under .20 should be interesting for entry

[09:35] {JohnK} avii still valid?

[09:35] {Threei} nah

[09:35] {nemo} that was quick on aria

[09:35] {nemo} catch it vad

[09:35] {Threei} yeah

[09:35] {Threei} me no

[09:35] {nemo} coma?

[09:35] {jfjf64} jazz

[09:35] {Threei} sudden jump, no range established

[09:36] {magoo} jazz going hard

[09:37] {texus} sso

[09:37] {Threei} NVAX Hearing analysts at Stansberry Research making positive comments in the name (timing uncertain) (4.15, -0.08, -1.89%)

[09:37] {texus} oops, don't pay attention to that..

[09:37] {jfjf64} avii .35 vad

[09:37] {Threei} nah

[09:38] {Threei} and still no any news on JAZZ

[09:38] {Threei} wth

[09:38] {patel} AVII, stil valid

[09:38] {Threei} no

[09:39] {Threei} for it to become valid again, we want it to touch near .50, pull back, hold .40

[09:39] {Threei} returhn to .50 and break

[09:39] {Threei} so that range gets reestabilshed

[09:43] {magoo} good pllbk jazz

[09:44] {jfjf64} hig

[09:46] {Threei} watching AIG

[09:46] {BillyD} lol...just pulled up

[09:46] {Threei} for range 13 - 13.10 to hol;d and break

[09:48] {magoo} rimm bounce vad?

[09:48] {Threei} Long Setup: AIG 13.10 break if holding above 13

[09:48] {Threei} kind of a bit too wide range here mags

[09:50] {Threei} Long Setup: HIG .70 break if stays above .60

[09:51] {magoo} read on jazz vad?

[09:51] {Threei} none

[09:52] {Threei} RIMM become more interesting

[09:53] {Threei} Long Setup: RIMM 77.15 break

[09:53] {Threei} if stays above 77

[09:53] {Threei} not even break, just .15

[09:54] {Threei} still valid

[09:54] {dino} veco s .79, stop .01

[09:55] {Threei} in

[09:55] {nemo} in

[09:56] {magoo} ni

[09:56] {Threei} come on NASDAQ, little help

[09:56] {fernp} consumer confidence in 4 min, vad

[09:56] {Threei} I bet it will be good

[09:57] {larisa} 77.19 res has to clear

[09:57] {Threei} yeah, bumping into it time and again

[09:58] {Threei} not a scalp for me

[09:58] {Threei} intend to partial if it goes

[09:58] {Threei} first partial above .30

[09:58] {dino} bstopto .68

[09:58] {dino} stopped +.11 cov

[09:58] {Threei} okay... let's go RIMM

[09:59] {dino} cmg

[09:59] {Threei} out 1/2 .39

[09:59] {Threei} *JULY RICHMOND FED MANUFACTURING: 14 V 8E

[09:59] {Threei} - prior revised from 6 to

[09:59] {Threei} - no revisions (related SPY SHY )

[09:59] {BillyD} RIMM finally

[09:59] {JohnK} good trade RIMM T thx

[09:59] {Threei} :)

[10:00] {Threei} JULY CONSUMER CONFIDENCE: 46.6 V 49.0E

[10:00] {BillyD} I hit RIMM when it hit .15 the first time and got stopped and then took it again

[10:00] {jfjf64} market turns over

[10:00] {Threei} good manufacturing not good confidence

[10:00] {Threei} shrug

[10:00] {nemo} that consumer confidence wil hit it a bit

[10:00] {Threei} it's a wash AFAIC

[10:01] {nemo} what's AFAIC?

[10:01] {Threei} had 1/4 for sale at .55, too greedy I guess

[10:02] {nemo} be interesting to see if things get stagnant until 1:00

[10:02] {Threei} 11:30] {Threei} AFAIC, HIG is valid setup here

[10:02] {Threei} [11:30] {nemo} afaic?

[10:02] {Threei} [11:30] {Threei} as far as I am concerned

[10:02] {Threei} [11:31] * Threei slaps nemo around a bit with a large vocabulary of Internet abbreviations

[10:02] {Threei} that was yesterday

[10:03] {Threei} memory span of a day trader? {G}

[10:03] {nemo} I remember, and you still haven't told me

[10:03] {BillyD} lol

[10:03] {Threei} [10:02] {Threei} [11:30] {Threei} as far as I am concerned

[10:03] {Threei} that was 1 min ago

[10:03] {nemo} ty

[10:03] {nemo} fyvm

[10:03] {jfjf64} simple vad simple

[10:04] {nemo} I just figured it was your bastardized typing for AFLAC!!!

[10:04] {BillyD} IMMU strong

[10:07] {BillyD} FYI...JAZZ is shortable if loses momo

[10:10] {jfjf64} hgsi any thoughts

[10:11] {Threei} HGSI... drop into .50 will be inetresting,

[10:11] {Threei} or alternatively,

[10:11] {Threei} if holdong .70, break of the high

[10:11] {dino} sm l snda .25

[10:12] {jfjf64} ty also watchin txt

[10:14] {ese} this just is not my type of trading day......I canna find nuttin

[10:14] {jfjf64} weird day

[10:14] {Threei} we just got too used to uptrend

[10:14] {BillyD} something will come up

[10:14] {Threei} takes a few to re-tool

[10:15] {jfjf64} correct

[10:15] {Threei} whoa

[10:15] {dino} out .55 snda +.30

[10:15] {ese} this looks to me like the end of the 10/11 day market run.....gotta correct sometime

[10:15] {Threei} what kind of typing is that?

[10:15] {jfjf64} dont force

[10:15] {Threei} korreqt is right spelling

[10:15] {nemo} Eqzaktly

[10:15] {Threei} there

[10:17] {dino} veco sm s .12

[10:17] {nemo} rimm Vad, setting for short?

[10:17] {Threei} I'd like to see a meaningful bounce first

[10:18] {nemo} if market stays weak might not get it

[10:18] {jfjf64} mas

[10:18] {nemo} touching the BB average

[10:22] {dino} cov veco .90, +.22

[10:22] {Threei} Short Setup: RIMM .80 break if stays below .95

[10:22] {ese} stalking STLD......nice daily chart again

[10:23] {ese} butting up against 2/3 month highs

[10:27] {ese} l stld .95

[10:27] {magoo} any read HIG vad?

[10:27] {ese} lousy fill

[10:27] {Threei} not really mags

[10:28] {magoo} wfc held

[10:31] {dino} snda sm l .20

[10:31] {Threei} die already RIMM

[10:34] {Threei} this is too much like work, lol

[10:35] {BillyD} st leats it is working in your favor

[10:35] {Threei} RIMM 1:1

[10:35] {BillyD} at least

[10:35] {Threei} covering half

[10:35] {JohnK} out of RIMM thx T again :)

[10:35] {Threei} me still greedy

[10:35] {Threei} welcome John

[10:36] {Threei} new low... bidding 1/4 more .52

[10:37] {Threei} okay... 1/4 left, stop just above .80

[10:37] {BillyD} Vad, AIG again

[10:37] {nemo} why wouldn't you set stop at old support of .68?

[10:37] {BillyD} as I typed

[10:38] {Threei} ugh... 13.10 break was AIG's trigger

[10:38] {Threei} missed it completely, mesmerized by RIMM

[10:38] {wulff} TY rimm

[10:38] {Threei} sure

[10:38] {Threei} nemo, for RIMM you mean?

[10:39] {nemo} yes

[10:39] {jfjf64} sleepin on job comonnnnnnnnnn

[10:39] {wulff} took .72 late, but worked out

[10:39] {Threei} I will, as soon as it loses .50

[10:39] {Threei} just want to respect its natural volatility and not trail too soon

[10:39] {nemo} ahh

[10:43] {Threei} Attention: RIMM stop to above .70

[10:43] {Threei} looking to cover under .40

[10:43] {nemo} would it be setting up for another short here?

[10:44] {Threei} .50 break?

[10:44] {Threei} if establishes new resiatance closer to it...

[10:44] {nemo} yeah, as long as it respects the trend line?

[10:44] {Threei} like this .65 for instance

[10:44] {Threei} volume shapes up right

[10:44] {Threei} just higher risk

[10:45] {Threei} rubber band is getting stretched more and more

[10:45] {Threei} and snapback odds are on increase

[10:45] {nemo} yes

[10:45] {BillyD} good comment Vad

[10:45] {nemo} brownnoser

[10:46] {Threei} out last portion

[10:47] {Threei} I have a lot of those Billy,, it just takes me a lot to find right keys...

[10:47] {Threei} or keyboard as a whole

[10:47] {nemo} ask him about his shoulder billy?

[10:48] {BillyD} maybe he needs an easy button for health purposes

06[10:48] * Threei hands Billy a frozen trout and points toward nemo with his eyes

06[10:49] * BillyD slaps nemo around a bit with a large trout

06[10:49] * nemo crawls in cave, closes door, pulls blanket over head

[10:49] {BillyD} too late nemo

[10:49] {BillyD} hehe

[10:49] {ese} l stld avg price .93

[10:49] {nemo} I ever tell you about my "Disgruntled Postal Worker Fantasy List"?

[10:50] {nemo} By the way Vad, I prefer sturgeon

[10:52] {ese} Disgruntled Postal Worker Fantasy List"?????? your deep man deep!

[10:53] {nemo} What's so deep...It's my ranked revenge list. Some names in pencil, some names in pen

[10:56] {ese} Ranked Revenge List?

[10:56] {nemo} Yeah...it's the italian in me

[10:57] {ese} Nobody would think think that stuff up nemo.......you have to be thinking on another plain man....funnny

[10:58] {dino} cracking me up nemo

[10:58] {nemo} I actually see it as a spiritual mission, in a warped sort of way

[10:58] {ese} thats what i mean by deep......

[10:58] {nemo} I will be helping their souls transition to the next life

[10:59] {ese} whatever your purpose is on this planet.....go for it baby go for it!

[10:59] {Threei} newspaper ad will say: Nemo - curing of life

[11:01] {ese} "you too can become Nemo's next disgruntled Postatl worker"......apply here

[11:01] {nemo} What a way to make a living

[11:01] {ese} i'll say

[11:04] {wulff} Really....RIMM

[11:04] {nemo} yeah

[11:04] {wulff} really?

[11:04] {magoo} AIUG

[11:04] {magoo} AIG

[11:05] {patel} was AIG still valid?

[11:05] {magoo} no

[11:13] {dino} veco s .50, stop .66

[11:14] {Threei} Long Setup: AIG .55 if stays above .45

[11:14] {Threei} Long Setup: RIMM .15

[11:14] {Threei} if stays above 76

[11:16] {BillyD} AIG invalidated?

[11:16] {Threei} AIG revision: .50 break long

[11:16] {Threei} if holding .40

[11:16] {BillyD} ty

[11:18] {chiro} stop on AIG?

[11:18] {Threei} [11:16] {Threei} if holding .40

[11:18] {chiro} ty

[11:18] {dino} veco stopped

[11:22] {Threei} all this storm in a shotglass happens within lousy 15 points NQ

[11:23] {Threei} time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over

[11:25] {Threei} RIMM no worky this time

[11:33] {patel} we need AIG to get over 13.55

[11:33] {Threei} move your behind AIG

[11:33] {jfjf64} buyyyyyyyyyyyyyyyyyyyyyyyyy

[11:33] {Threei} control yourself young man

06[11:34] * Threei shows jf controlling device with fins, ready for a slap

[11:37] {jfjf64} 1/1 all out

[11:37] {jfjf64} ty vad

[11:37] {Threei} sure thing

[11:47] {dino} cpla

[11:51] {jfjf64} pcar l 32 break

[11:56] {jfjf64} no wk

[11:58] {jfjf64} anythin ya watchin vad for bounce or ya in coma

[11:59] {Threei} yes but don't let it bother you - I am always in it

[11:59] {Threei} wouldn't dare to trade in any other state

[11:59] {_matt} read on rimm?

[11:59] {jfjf64} never it is what it is

[12:00] {jfjf64} lol

[12:00] {Threei} not right now matt, things are too narrow,

[12:00] {Threei} but there is something to watch for:

[12:00] {Threei} it forms resistance at 76,

[12:01] {Threei} if it forms nice tight support within 15 cents of it over 10-15 minutes, it will become a long on 76 break

[12:01] {_matt} thanks

[12:02] {chiro} BCRX bounce?

[12:02] {Threei} not yet, but on watcgh...

[12:02] {Threei} how did ya know

[12:03] {Threei} Just 23% Believe Health Care Costs Will Go Down if Reform Passes Congress

[12:03] {Threei} good news is, just 23% live in lala land

[12:07] {magoo} any read CAT vad?

[12:08] {Threei} feels ready for reversal but no setup to hang my hat onto here...

[12:08] {larisa} for me was short at .20 with .30 stop :)

[12:08] {Threei} forammly .15 is long trigger, but chart isn't fully ready yet for that

[12:08] {Threei} when larisa?

[12:09] {larisa} 12:01

[12:09] {Threei} before it went under 42 or after?

[12:09] {Threei} oh, I see

[12:09] {larisa} no, just now

[12:09] {larisa} scalping here

[12:09] {Threei} right... that setup played out already

[12:09] {Threei} unfortunately magoo won't accept answer about past ones :(

[12:10] {larisa} usually his questions come right with the setup

[12:10] {larisa} this is why I reacted:) he was a bit late

[12:10] {larisa} or early for long :)

[12:11] {magoo} jazz back

[12:11] {chiro} long bcrx at .03

[12:14] {dino} .

[12:15] {chiro} out 1/2 ....+.10

[12:17] {Threei} chiro :)

[12:17] {Threei} there... CAT is 1:1 from the entry I haven't called

[12:17] {larisa} lol

[12:18] {magoo} i took yournon call tho'

[12:18] {Threei} lol

[12:18] {magoo} in .11

[12:18] {larisa} right off support, nice

[12:19] {chiro} out rest .24....you've taught me well, Master

[12:19] {Threei} cool, I may fall deeper in the coma

[12:20] {Threei} you guys just listen to that little threei over your shoulder

[12:20] {Threei} (make sure he is sober)

[12:20] {fernp} lol

[12:28] {magoo} out cat .31

[12:31] {magoo} any read JAZZ here lord vader?

[12:31] {Threei} .10 break with stop under 7

[12:31] {Threei} chances of working are 50/50

[12:31] {Threei} but stop is small

[12:31] {magoo} dont just make something up lol

[12:31] {Threei} and tyou want to get in anyway

[12:32] {Threei} so may just as well give you more or less safe structure :)

[12:36] {magoo} whats your "feel" AIG vad..as in done or another burst coming?

[12:37] {Threei} I would watch it for setup with .60 break

[12:38] {magoo} so why dont u lol

[12:39] {Threei} mostly because I am totally focused on the sun reflection on the wall... it's fascinating, really..

[12:39] {Threei} it's moving ever so slowly...

[12:43] {larisa} your charts are spiky today ?

[12:43] {Threei} no... looks ok

[12:43] {larisa} k

[12:45] {Threei} ESLR

[12:45] {Threei} Evergreen Solar Inc In Cooperation with Export-Import Bank of United States, Offers Low-Interest Loans for Solar Projects Outside of United States

[12:45] {Threei} - announced it is working with the Export-Import Bank of the United States (Ex-Im Bank) to provide attractive low-interest financing for solar projects using Evergreen Solar panels outside of the United States. The program is intended to spur the export of U.S.-made renewable energy products and is part of a mandate in Ex-Im Banks Congressional Charter. Currently, Evergreen Solar customers have almost 90MW of projects in varying stages of the loan application process with Ex-Im Bank.

[12:45] {Threei} - For example, a solar project using $10M of Evergreen Solar panels would receive up to $8.5M in financing for the purchase of the solar panels and up to $3M to cover installation, design, engineering, inverting, racking and other installation-related expenses. Ex-Im Bank currently offers a 4.9% fixed interest rate over an 18-year period for solar installations outside of the United States.

[12:46] {Threei} is this a joke:

[12:46] {Threei} Economist Robert Shiller Surprised By Rise In Case-Shiller Index - WSJ (related IYH )

[12:48] {larisa} the one, that predicts home prices

[12:48] {larisa} i think

[12:48] {Threei} yeah but...

[12:48] {Threei} well, I think the matter is, Case designed the rising part of the index while Shiller - dropping one

[12:48] {Threei} sho it rises - Shiller is surprized... it dreops - Case is

[12:49] {magoo} sounds more like penn and teller desuigned it

[12:50] {Threei} I wanted to say LOL mags, but then changed my mind - noone even smiled to my joke, and it was funnier than yours

[12:50] {Threei} (I think)

[12:53] {Threei} server hiccup?

[12:54] {nemo} drinking again?

[12:54] {larisa} not for me

[12:54] {fernp} test

[12:54] {Threei} looks like mibbit

06[13:01] * nemo elbows sleeping Va

[13:01] {nemo} VAD

[13:01] {Threei} *TREASURY'S $42B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.75 V 3.19 PRIOR AND 2.58 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} indirect bidders take 33% of competitive bids

[13:02] {nemo} not good

[13:02] {Threei} notes draw 108% with 21.59% alotted at the high

[13:03] {nemo} not much of a reaction yet

[13:04] {Threei} because in all honety, no one knows how to interpret them {G}

[13:04] {larisa} I thought i am the only stupid one :)

[13:04] {nemo} actually climbing

[13:06] {nemo} $ actually climbing, Resource stocks dropping

[13:11] {magoo} dip buyers return gfrom martini lunch

[13:11] {jfjf64} fcx damm missed

[13:15] {BillyD} any news to cause this spike?

[13:15] {BillyD} or just psychosis

[13:16] {larisa} can it be both? :)

[13:16] {BillyD} sure

[13:17] {jfjf64} cat ??

[13:18] {jfjf64} hig vol pkin up

[13:20] {Threei} JAZZ, stubborn buying

[13:21] {Threei} mags, you in still?

[13:22] {magoo} yea

[13:22] {Threei} not even partial at 1:1

[13:22] {Threei} ?

[13:23] {magoo} waiting .26

[13:24] {magoo} howabout RIMM vad?

[13:24] {Threei} no read

[13:26] {magoo} i thought u like cross of 76?

[13:26] {Threei} sheesh

[13:26] {Threei} kidding? :)

[13:27] {magoo} i took that

[13:27] {Threei} sigh

[13:27] {magoo} huh?

[13:27] {Threei} go away :)

[13:27] {magoo} im confused

[13:28] {Threei} as if you don't know, I'd never buy such sharp spike into resistance

[13:30] {larisa} how about its run from 75.60 and pullback exactly half way to 75.90, do not like this setup too? { just trying to wake you up}

[13:31] {Threei} I do... but I am really unclear on why you would want to wake me up

[13:32] {nemo} now that's dumb

[13:32] {larisa} caz lately it is becoming my favorite setup, want to share :)

06[13:32] * larisa slaps nemo around a bit with a large trout

[13:32] {Threei} by all means

[13:32] {nemo} I'm talking about Vad's comment

[13:32] {larisa} lol

[13:32] {larisa} sorry

[13:32] {Threei} nemo commented, what's the word nowadays... "stupidly"

06[13:32] * nemo ponders Larry's name on the DPWFL????

06[13:33] * nemo pencil or pen?

[13:33] {nemo} yeah, they're having a beer tonight. Poor Crowley is being set up for Grandstanding

[13:33] {Threei} yeah

[13:33] {Threei} but a lot of damage is done anyway

[13:34] {nemo} to Crowley, not to Gates

[13:34] {Threei} no

[13:34] {Threei} up to t-shirts saying 'I am with Stupidly",

[13:34] {larisa} so vad admit, that 76 cross on RIMM kinda make sense {a bit late entry}

[13:34] {Threei} or "Stupid is as Stupdily does"

[13:35] {nemo} I think I might have to get one of those

[13:35] {Threei} nope... not to me

[13:35] {nemo} you're a ruscanuck

[13:35] {nemo} I live right in the middle of this taurine excrement

[13:36] {Threei} guess who is on tv

[13:36] {nemo} George Bush?

[13:37] {Threei} you wish

[13:40] {larisa} vad you ever watch intraday what stock does on longer timeframe when looking for trade, or it is 1 min always?

[13:42] {Threei} no, i have daily chart for each of them as well

[13:43] {Threei} want to see where it is in a bigger picture

[13:43] {larisa} k

[13:43] {Threei} just to illustrate something,

[13:44] {Threei} look at JAZZ daily for the, let's say 6-7 months

[13:44] {Threei} quite something, right?

[13:44] {larisa} yeah

[13:45] {Threei} or IMMU

[13:45] {Threei} obviously I will take such play quite differently from DRYS

[13:46] {Threei} even though they are in the same price range

[13:46] {Threei} Fed's Yellen: Fed will not repeat mistakes in 60s and 70s where the Fed lost containment of inflation; now is not the right time for rate hikes

[13:55] {magoo} AMZN vad

[13:58] {Threei} looks like market is trying to do just what I said

[14:01] {Threei} CAT

[14:01] {Threei} watching for bounce off this pullback,

[14:01] {Threei} ideally closer to .70

[14:01] {ese} i'm back.......

[14:02] {ese} can't remember what you said vad?

[14:02] {Threei} first strength from here CAT

[14:02] {ese} bounce off pullback

[14:03] {Threei} [11:23] {Alert} Threei time for market to shake out the coma and remind everyone that rally is over when it's over - not when everyone says it's over

[14:04] {ese} tks

[14:04] {ese} is it just as hat over at your place as it is here.......

[14:04] {ese} hot

[14:04] {Threei} I think so

[14:05] {ese} brutal here..... over 30 cel

[14:05] {ese} and our new tennants are moving in tomorow in the house next door

[14:06] {ese} am going back and forth...back and forth

[14:08] {patel} watching anythign vad

[14:08] {Threei} Fed's Yellen: No double dip recession forecasted; Fed's continuance of Treasury purchases an 'open question' (related TLT SHY IEF )

[14:08] {Threei} CAT

[14:09] {Threei} (US) CFTC's Gensler: Recent reports of revisions to report on swap dealers was "premature," study found speculators had no major impact on run up in oil prices

[14:09] {Threei} - Note that overnight, the WSJ published an article stating that the CFTC plans to suggest speculators have played a role in the big swings in oil prices recently. This would have been a reversal of an earlier CFTC position.

[14:11] {_matt} are you in cat?

[14:11] {Threei} took .75

[14:11] {_matt} nice

[14:11] {Threei} this is so to speak unofficial alert

[14:11] {Threei} meaning,

[14:11] {jfjf64} .77 grrr to penny grrr

[14:12] {Threei} if you understand how to pay it, go ahead, comments I made are enough for you

[14:12] {Threei} if they are not - stay away

[14:15] {chiro} 3i, when you have a play like BCRX at 10.02, after locking in 1:1, how do you manage the rest of the trade?

[14:15] {Threei} most often:

[14:15] {Threei} sell half, trail stop to undcer breakeven,

[14:15] {Threei} sell 1/4 at 1"2

[14:15] {Threei} trail stop under 1:1

[14:16] {Threei} the decided between exiting into next spike or trailing

[14:17] {chiro} ...thnk u

[14:17] {Threei} sometimes therer are variations

[14:17] {Threei} depending on stock's strength, market strength, initial risk

[14:17] {Threei} but the way I described is routine

[14:21] {_matt} is that a cup and handle on cat?

[14:28] {ese} ohhhhhhh....mmmmyyyyyyy...god!!!!! get on with it for crying out loud....STLD...L .93 looking for more

[14:28] {Threei} kind of, yeah matt

[14:32] {Threei} HIG

[14:33] {Threei} watching for pullback

[14:33] {Threei} wasn't sure about 15 break... too bad

[14:33] {BillyD} the .01 offer was the key on it

[14:34] {BillyD} even hesitated then

[14:34] {Threei} well... hard to bring oneself to buy breakouts at this time of the day

[14:34] {BillyD} true

[14:35] {chiro} HGSI....the beast (if ur short) that won't die

[14:35] {Threei} BCRX also

[14:36] {ese} out stld .11 +.18

[14:37] {magoo} any read AMZN vad

[14:37] {Threei} no... stalking HIG

[14:38] {chiro} woot!!...scalped a .05 from IMMU....that was tedious

[14:41] {jfjf64} what thought process hig vad

[14:41] {Threei} I am flattered jf

[14:41] {jfjf64} lol

[14:41] {nemo} he thinks you think

[14:42] {Threei} yep... and that makes me feel flattered

[14:42] {Threei} but... dive to or just under 15

[14:42] {Threei} for entry

[14:42] {nemo} you talkin' hig

[14:44] {ese} ok everyone....off to do some painting......see you all tomorow......

[14:44] {Threei} take care ese

[14:44] {Threei} 15 crossback

[14:44] {jfjf64} ?? hig

[14:44] {ese} see ya vad.........

[14:45] {Threei} with stop under the low it makes now before crossing back

[14:45] {Threei} this is "can take a few tries" type

[14:46] {jfjf64} lk thought process nice

[14:47] {Threei} you arwe interesting tyhpe jf... you like something that does not exist

[14:52] {Threei} a bit too far from 15 now

[14:52] {Threei} I'd look for another consolidation and trigger point

[14:52] {jfjf64} your call big guy

[14:53] {wulff} +1.35 RIMM

[14:53] {Threei} did he just call me fat?

[14:53] {Threei} wtg wulff

[14:53] {jfjf64} ya too funny

[14:53] {wulff} TY in at 75.60

[14:58] {Threei} BCRX feels bounce ready

[15:01] {Threei} market is still weak

[15:02] {jfjf64} hgsi

[15:03] {chiro} .another painful .08 from IMMU

[15:03] {Threei} we can feel your pain

[15:03] {Threei} feel free to share it with us

[15:04] {jfjf64} grrrrrrrrrrrrrrrrrr

[15:08] {_matt} what are you thinking on bcrx

[15:09] {Threei} they all just jumped

[15:09] {Threei} BCRX, HGSI

[15:09] {Threei} no clean setup

[15:09] {Threei} S&P publishes June performance update on US Subprime RMBS

[15:09] {Threei} - As of the June 2009 distribution date, total delinquencies were 42.87%, 51.62%, and 48.40% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. When compared with the May 2009 distribution date, delinquencies increased by approximately 1.07% for the 2005 vintage, 2.48% for 2006, and 1.00% for 2007.

[15:09] {jfjf64} nicelly put

[15:10] {jfjf64} i was afraid to buy hihg hgsi bammmmmmmmmmm another 10 cents

[15:10] {jfjf64} higs

[15:11] {jfjf64} hgsi sorry

[15:13] {dino} hmmm snda -14 point 5 days

[15:15] {jfjf64} what ya stalkin vad

[15:16] {Threei} not much jf... market is just moving up or down with no pattern

[15:16] {Threei} and notice the range

[15:17] {Threei} as much as it feels like market is moving, it's not really

[15:17] {Threei} with it being so narrow, I'd say we were lucky to find what we did

[15:35] {BillyD} HGSI

[15:35] {BillyD} so volatile though

[15:36] {dino} i type snda at 48.80s its now 50 and i missed it

[15:36] {larisa} wanted to ask you if you got it

[15:36] {larisa} capitulation was just after your alert

[15:37] {dino} i'm off this month. good thing vacation coming up. i need a break, clear my mind

[15:37] {Threei} when are you leaving for vacation dino?

[15:38] {dino} thursday the 30th, after market close. back the 10th for work

[15:39] {larisa} going some place nice?

[15:39] {dino} condo @ sunset beach, nc

[15:39] {dino} beach and golf

[15:39] {larisa} it is nice :)

[15:40] {BillyD} I'm already relaxing just hearing about it dino

[15:40] {larisa} you are too easy Billy :)

[15:40] {dino} :), i need it, burning out lately

[15:40] {dino} look snda now, drops 75 cents in flash

[15:41] {larisa} I did not play it also off the bottom , too wild

[15:41] {larisa} but was your type

[15:42] {dino} more chaotic than usual imo

[15:43] {larisa} agree

[15:45] {dino} that darn sock will trade backto 60s in a day or two, thats the pattern

[15:45] {dino} stock

[15:47] {dino} veco non-stop

[15:49] {BillyD} AGEN on the move lately

[15:50] {Threei} and no news

[15:50] {Threei} just like jazz

[15:51] {Threei} only less spectacular

[15:51] {Threei} I mean spiektakuoolar

[15:51] {BillyD} keep on tomorrows radar

[15:52] {Threei} X Considering implementing permanent shutdowns if demand does not recover - WSJ

[15:52] {Threei} huh?

[15:52] {Threei} permanent?

[15:52] {BillyD} who is X

[15:53] {Threei} Us Steel

[15:53] {Threei} no less

[15:53] {BillyD} wow

[15:54] {Threei} GM Exec: "Very seriously" looking to resume auto leasing next month (related F F.IT )

[15:54] {Threei} if he looked at it laughingly, I'd be more trusting

[15:54] {Threei} okay guys, everything's according to a plan so far

[15:54] {Threei} remember I said a short while ago,

[15:55] {Threei} this is how we will sail threough this July-August slowdown,

[15:55] {Threei} picky, carwefully, taking profits when we see them and staying on a sideline when the pickings are slim

[15:56] {Threei} day after day we go with mauybe not spectacular but steady and safe profits

[15:56] {Threei} thank you all, have a good eveining

[15:57] {Threei} see you tomorrow

[15:57] {larisa} bye:)

[15:57] {BillyD} cya

[15:57] {chiro} thnk u

Two misplaced logs for the last week:

Two logs for July 24 and 27 got accidentally poasted on the educational blog. I don't want to move them over since it would mess up the calendar order. Let them stay where they are, here are the URLs:

http://www.realitytrader.com/blog/2009/07/jul-24-2009.html

and

http://www.realitytrader.com/blog/2009/07/jul-27-2009.html

Let it just be reminder there is an educational blog as well (making lemonad out of lemons, ya know...)

Jul 23 2009

Not too many trades but just one small stop (which turned to be a shakeout) with a few nice wins. CAT, RIMM, AAPL and FOTB worked fine.

Session Time: Thu Jul 23 00:00:00 2009

[07:50] {BillyD} gm

[08:22] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:22] {Threei} - Expectations for initial claims are 557K v prior release of 522K (range seen from 500K to 600K)

[08:22] {Threei} - Continuing claims seen at 6.390M v prior 6.273M. (range seen from 6.200M to 6.860M)

[08:24] {BillyD} hi Vad, see any news on SAY

[08:25] {Threei} no

[08:25] {BillyD} ty

[08:28] {cosmo} SNDK tries to get back up off the floor

[08:28] {cosmo} watch for 18

[08:30] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:30] {Threei} - Expectations for initial claims are 557K v prior release of 522K (range seen from 500K to 600K)

[08:30] {Threei} - Continuing claims seen at 6.390M v prior 6.273M. (range seen from 6.200M to 6.860M)

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 554K V 557KE; CONTINUING CLAIMS: 6.225M V 6.390ME

[08:32] {cosmo} SNDK needs to hold 17.50 ...for now

[08:59] {fernp} good morning everybody

[09:00] {Threei} fern :)

[09:00] {BillyD} hi fern

[09:05] {ese} good morning

[09:05] {Threei} ese

[09:06] {ese} fitb beats huge

[09:07] {Threei} Fifth Third Bancorp Reports Q2 $1.15 v -$0.34e (incl items) R$1.66B v $1.53Be (ex items)

[09:08] {Threei} Note: earnings include sale of approximate 51% interest in Fifth Third's processing business, resulting in a $1.8 billion pre-tax gain , or $1.1B after-tax gain

[09:19] {BillyD} Vad, what is on your radar

[09:20] {texus} morning all

[09:20] {dptl} good morning all

[09:21] {Threei} texus, dp :)

[09:21] {Threei} that's a good question Billy, I am trying to answer it for the last 5 min

[09:22] {dino} gm all

[09:22] {BillyD} nothing really sticks out....BCRX, SAY, OREX for short

[09:22] {BillyD} EBAY maybe

[09:25] {jfjf64} mornin all

[09:25] {Threei} dino, jf :)

[09:26] {Threei} well, FITB sticks out

[09:28] {cosmo} SNDK sticks in

[09:29] {Threei} lol

[09:29] {cosmo} 17.20 last nite fyi

[09:30] {_patel} good morning everyone

[09:31] {fernp} morning patel

[09:31] {Threei} patel :)

[09:34] {Threei} AMZN, watching for bounce

[09:34] {nemo} Double Top on FITB?

[09:35] {Threei} no... FITB is rather forming breakout pattern

[09:35] {Threei} AMZN too fast, couldn't alert in time

[09:36] {Threei} Long Setup: FITB 8.05

[09:36] {Threei} if holding above 7.90

[09:36] {magoo} morning

[09:36] {Threei} mags

[09:36] {magoo} what u got vad:)

[09:38] {Threei} FITB becomes bounce candidate, preferrably off 7.60

[09:38] {magoo} u see MEDX, i know news

[09:39] {Threei} buyout

[09:41] {jfjf64} fitb??

[09:41] {_patel} it is forming a cup. is it still valid for a long.

[09:42] {Threei} Long Setup: LLTC 27 break

[09:42] {Threei} if holding above ,90

[09:42] {Threei} FITB may reestablish itself as a break if not losing .90 anymore

[09:45] {Threei} LLTC no worky

[09:45] {magoo} SNDK crushed

[09:49] {fernp} ty Vad I am out FITB +.10

[09:49] {Threei} FITB, half out

[09:52] {Threei} 1/4 more out

[09:53] {Threei} stop for remaining portion to under 8

[09:54] {dino} sndk l .50 stop .35

[09:54] {cosmo} nice knife dino

[09:55] {magoo} missed rimm

[09:56] {nemo} LLTC

[09:56] {nemo} too late

[09:56] {Threei} shakeout...

[09:56] {wulff} Beautiful easy CAT missed

[09:57] {dino} to .70

[09:57] {wulff} was just going to write PALM 14 break

[09:57] {dino} lol cos

[09:58] {Threei} RIMM, pullback into 23.80 - .90 will be interesting

[09:58] {dino} out .70 sndk, +.20

[09:59] {Threei} existing home sales numbers are coming

[09:59] {nemo} probably going to be serious makeup on that pig

[10:00] {Threei} JUNE EXISTING HOME SALES: 4.89M V 4.84ME

[10:00] {Threei} (+3.6% M/M)

[10:00] {Threei} - prior revised from 4.77M to 4.72M

[10:00] {ese} dino ....opinions CELG

[10:01] {jfjf64} celg vad ya lk .75 break

[10:01] {Threei} if stays above .60

[10:03] {dino} wow esi -7, w big earnigs beat

[10:04] {ese} ya no rhyme or reason as per usual

[10:04] {jfjf64} lk hig 12.50 break after fact grrr

[10:04] {dino} ati l .45, stop .29

[10:06] {jfjf64} hgsi

[10:06] {Threei} watching RIMM, another leg down is likely here

[10:07] {Threei} BCRX

[10:07] {Threei} that's quite a pullback

[10:08] {ese} esi even raised guidance

[10:08] {Threei} tough thing though, didn't cooperate yesterday on bounces

[10:08] {BillyD} I tried at .03 and stopped on BCRX

[10:09] {ese} ati lookin good dino.....nice one

[10:10] {magoo} i keep missing AMZN entry

[10:10] {dino} out ati .68, +.23

[10:10] {wulff} Freaky CAT

[10:10] {Threei} no wonder mags

[10:10] {Threei} they all move in this manner today

[10:10] {ese} nice dino.....good one

[10:10] {jfjf64} nice dino

[10:11] {jfjf64} qcom

[10:11] {ese} hopefully on 25000 shs

[10:11] {Threei} pullbacks are not deep enough and breakouts are not what you want to play after such huge moves

[10:11] {Threei} look at RIMM

[10:11] {nemo} I guess the housing number made an impression

[10:11] {nemo} look at lltc

[10:12] {wulff} new houses for everyone!

[10:12] {jfjf64} mk ya wk today vad

[10:13] {BillyD} Vad, interested in BCRX if 8 is taken

[10:14] {wulff} SNDK .80 break

[10:14] {Threei} don't know what tyo say Billy

[10:14] {BillyD} same here

[10:17] {Threei} let's see: MS,

[10:17] {Threei} this breakout MUST be false

[10:17] {Threei} pullback into .60 is normal way now

[10:19] {ese} L altr .51

[10:19] {magoo} amzn read vad?

[10:19] {magoo} dow 9000

[10:19] {Threei} none mags

[10:20] {magoo} look SOMX

[10:20] {dino} crazy 12% straight up in markets

[10:21] {jfjf64} sndk vad??

[10:24] {Threei} don't see it as ling here jf

[10:27] {Threei} long I mean

[10:28] {Threei} US) Treasury Official: To tell China that recovery in the US will be slow, China can not rely on exports to the US for fast growth

[10:28] {Threei} - Reminder: US Treasury officials meeting with Chinese officals next week

[10:29] {Threei} RIMM

[10:29] {Threei} finally sizeable pullback

[10:29] {Threei} not sure on entry yet, watching

[10:31] {Threei} (CA) Bank of Canada Monetary Policy report: See recession ending in current quarter

[10:31] {Threei} - Have seen signs that US economic recession has reached its bottom

[10:31] {Threei} - Actions by the G20 have helped in recovery/stabilization of gloabal markets

[10:31] {Threei} - Commodities and weaker USD are seen as boosting CAD

[10:32] {Threei} NYSE volume 255M shares, about 8% below its three-month average; advancers lead decliners by 6.9:1.

[10:32] {Threei} - NASDAQ volume 715M shares, about 30% above its three-month average; advancers lead decliners by 2.9:1.

[10:33] {Threei} MS never gave that pullback

[10:34] {Threei} Long Setup: RIMM .50 break

[10:34] {Threei} if stays above .35

[10:35] {Threei} Long Setup: AAPL .50 break

[10:36] {Threei} stop under .30

[10:36] {Threei} AAPL 1:1

06[10:37] * Threei kicks RIMM in the rear

[10:38] {Threei} RIMM 1:1

[10:38] {magoo} out both TY

[10:38] {cosmo} AFFX 7.67 hod = high spike last nite fwiw

[10:38] {magoo} NICE

[10:38] {magoo} .65 rimm

[10:39] {BillyD} ty RIMM

[10:39] {BillyD} what a delay

[10:39] {_bradc} ty vad

[10:39] {Threei} welcome guys

[10:40] {Threei} yeah, that was a werid delay, usually it's more responsive

[10:40] {jfjf64} missed it

[10:40] {BillyD} reason I took the for sure 1:1

[10:40] {Threei} one one hand this kind of delay is a window of opportunity for entry,

[10:40] {wulff} rimm +.35

[10:40] {Threei} on another, if market turns before follower stock follows, can kill the play

[10:41] {Threei} overall, do realize guys:

[10:41] {Threei} tyhis kind of days with all their strength is not a best daytrading day

[10:42] {Threei} it's rather a day when investors having their positions sit back and smile

[10:42] {Threei} while we struggle to find entry

[10:44] {magoo} and weare conditioned to scalp out...and then mkts keep going..frustrates

[10:44] {Threei} LLTC, that was so rude

[10:45] {Threei} shae out by a few cents

[10:45] {Threei} then go 50

[10:45] {jfjf64} yup

[10:45] {_bradc} it did reward random bad behavior for those without stops,lltc

[10:45] {Threei} yup

[10:46] {Threei} that's how market gets you into thinking 'discipline hurts, I better abandon it"

[10:46] {wulff} you see HIG?

[10:46] {Threei} I do but I wish I didn't

[10:46] {wulff} easy.......

[10:47] {jfjf64} 12.50 ouchhhhhhhhhhhhhhhhhhhhhhhhhh

[10:48] {cosmo} AFFX tests 7.67 soon

[10:49] {cosmo} hmmm

[10:50] {jfjf64} tza l .21

[10:50] {nemo} rimm pulling back to support

[10:51] {jfjf64} die market die

[10:51] {Threei} {market} you don't like me... :(

[10:52] {cosmo} .... like 1999...

[10:55] {Threei} did you go for BCRX Billy?

[10:55] {BillyD} no

[10:56] {BillyD} was good setup but stock can frustrate you

[10:56] {_bradc} on a trending day like this would you be looking for pullbacks and play stocks in the general market direction?

[10:56] {BillyD} I took ver first break at .10 and sold last portion at .34

[10:56] {Threei} that's the idea brad

[10:57] {BillyD} you take BCRX Vad

[10:57] {Threei} no, lol

[10:57] {Threei} both AAPL and RIMM plays were structured just that way

[10:58] {ese} L altr...avg price .50

[10:58] {_bradc} ty

[10:58] {BillyD} It seems BCRX requiers more patience on entry

[11:00] {ese} altr breaking above 6 month high....this should take off

[11:00] {Threei} US TREASURY TO SELL $42B 2-YEAR, $37B 5-YEAR, $27B 7-YEAR NOTES AND $6B 20-YEAR TIPS

[11:04] {jfjf64} afl strong looks lk wants more

[11:04] {ese} there she blows....

[11:05] {jfjf64} dis hey mickey what uppppppppppppppp

[11:06] {wulff} was going to take RIMM.....40 stupid

[11:07] {ese} with the amount of people i saw in that park JF at the beginning of july.........it's profit.....thats whats up

[11:10] {BillyD} CKSW strong, if holds .10 & takes large .20 offer

[11:11] {Threei} Short Setup: HGSI .70 break

[11:11] {Threei} if stays below .85

[11:12] {Threei} .80 for scalpers

[11:12] {BillyD} no short

[11:12] {Threei} argh

[11:13] {BillyD} OREX is shortable although a pesky trader

[11:17] {jfjf64} altr ese yesssssss

[11:20] {ese} out altr .69 +.19 on 8k of it

[11:20] {wulff} looking for SNDK bounce

[11:20] {Threei} nice one ese

[11:22] {ese} tks....this one will be worth looking at over the next few days......good report and at 6 month high

[11:23] {magoo} lord vader..lets watch AMZN..nice pullbk in the making

[11:23] {dptl} hows charts on lazer ,Vad?

[11:25] {jfjf64} later guys gotta run

[11:25] {BillyD} cya jf

[11:25] {jfjf64} to da bank

[11:25] {Threei} take care jf

[11:25] {Threei} ro withdraw, to deposit or to rob?

[11:26] {jfjf64} later vad more pictures pls

[11:26] {Threei} just stopped dp

[11:26] {magoo} quote server 3

[11:26] {dptl} ty

[11:26] {magoo} chart i mean

[11:26] {BillyD} server # 1 works

[11:27] {Threei} yeah, restored

[11:31] {wulff} +.10 SNDK

[11:32] {dino} gj

[11:33] {dino} twm l .80, stop .60

[11:34] {magoo} um, lord vaderrrrrrrrrrrr

[11:35] {Threei} don't interrupt my grieving process mags... I am crying about HGSI short unavailability

[11:35] {Threei} because when this thing loses .60, you'll be crying too

[11:35] {magoo} VCI halted ..and has huge buy suide imbalance

[11:36] {magoo} RISKY as taking bacon off vads plate in vegas

[11:36] {cosmo} sqnm

[11:36] {Threei} Valassis Communications Inc Awarded $300M by Jury in lawsuit against First News American

[11:36] {Threei} - Company was awarded $300 million for compensatory damages in its lawsuit against News America Marketing (NAM), a subsidiary of News Corporation. In the trial, held in Michigan''s Wayne County Circuit Court before the Honorable Michael F. Sapala, Valassis claimed unfair competition and tortious interference by NAM. The jury''s verdict found NAM liable for both counts.

[11:36] {cosmo} 5.25 now

[11:37] {wulff} OK, a bit hasty sell on SNDK

[11:37] {magoo} im crying over AMZN bounce

[11:38] {magoo} RIMM holds

[11:38] {dino} twm stopped

[11:39] {wulff} needed to greedier

[11:39] {Threei} OK, grieving process is over

[11:40] {magoo} pass me a box of tissues

[11:40] {Threei} used them all, sorry

[11:41] {Threei} HGSI Hearing Piper Jaffray making positive comments

[11:41] {magoo} we need a walmart run

[11:41] {Threei} ALTR continues climbing aslowly

[11:41] {magoo} focus on AMZN please please..not saying takeit yet..BUT lets start watching it hard

[11:46] {magoo} VCI open

[11:46] {magoo} BOOM

[11:48] {magoo} QCOM moving

[11:51] {ese} l fitb .08

[11:53] {Threei} CH) US Treasury Official: China seems to be more willing to take action to "permanently reduce" its trade surplus

[11:53] {Threei} - FX rate is one tool for economic rebalancing that will be discussed with China.

[11:54] {magoo} [11:36] {magoo} VCI halted ..and has huge buy suide imbalance

[11:54] {magoo} [11:36] {magoo} RISKY as taking bacon off vads plate in vegas

[11:54] {Threei} I don't know why you limited it to vegas

[11:54] {Threei} trust me, it's just as risky in Skafway

[11:55] {Threei} Skagway

[11:55] {magoo} i know..i lost a finger in skagway remember?

[11:55] {Threei} ok, that wasn't me, lol

[11:57] {magoo} coulda been...tough accent..ungroomed..caring bottle of vodka..u sure

[11:57] {Threei} AMZN if anything, starts looking like short to me

[11:58] {ese} out fitb .15 +.07 don't even ask the shs

[11:58] {magoo} how many?

[11:58] {nemo} How many ese?

[11:59] {ese} 20

[11:59] {nemo} oh jeez

[11:59] {nemo} with a ,000 right

[11:59] {ese} right

[12:00] {ese} pattern that i reconized very well

[12:00] {magoo} roflol..says dont ask...look which two ask

[12:01] {ese} that is funny

[12:01] {BillyD} lol

[12:01] {BillyD} very

[12:01] {magoo} within seconds of each

[12:01] {Threei} so, when they say with some people the best way to make them jump from the bridge is to say it's forbidden...

[12:02] {Threei} we know who those "some people" in this room are right?

[12:02] {ese} thats even funnier

[12:02] {BillyD} room offers plenty of humor in slow periods

[12:02] {ese} definetly!!

[12:04] {magoo} HGSI ballistic cross 14

[12:04] {magoo} RIMM strong

[12:12] {magoo} sick cross RIMM..was .11 blew out shares .34 never saw it

[12:13] {magoo} thats why lay out

[12:22] {_bradc} Vad it seems that you have a real good feel for RIMM, is it one of your favorites?

[12:27] {Threei} well

[12:27] {Threei} it's just one of the most active stocks with obsevable patterns

[12:27] {wulff} when it works, yes

[12:28] {Threei} and more often than not it follows them

[12:29] {ese} L fitb .20

[12:31] {ese} out fitb .26 +.06

[12:31] {Threei} brad... see what ese is doing?

[12:31] {Threei} same setup based on the same chart pattern

[12:31] {Threei} time and again

[12:31] {magoo} ese, whos your broker?

[12:32] {_bradc} jump base explosion breaking .20, stop below .12

[12:32] {ese} watching ^compx as well...saw the comp shoot up...good possiblity that fitb was going to follow

[12:33] {ese} piece of sh&^% broker out of Toronto "Questrade"

[12:34] {magoo} u doinmg massive shares..so is commission killing u?

[12:34] {ese} no

[12:34] {magoo} 5 traders of 20k, 100k shares at 8/1000'

[12:35] {magoo} 800 bux commission..u pay l;ess?

[12:35] {ese} let me see if i can figure it out

[12:35] {BillyD} 160

[12:35] {Threei} mags... get filled on the offer, your commissions go down significantly

[12:35] {magoo} no no, i know ..was wondering his..just thruy oput example

[12:36] {Threei} liquidity rebate is a godsend for this kind of trading

[12:37] {ese} here it is mags

[12:37] {ese} http://www.questrade.com/pricing/default.aspx

[12:38] {wulff} free trades on Wednesdays

[12:38] {BillyD} ese, so 9.95 per 20K shares right?

[12:38] {ese} yup

[12:38] {BillyD} smoking deal

[12:39] {ese} ya but the service and sometimes the fills aren't what they should be

[12:39] {BillyD} what is Amerotrade?

[12:39] {Threei} plus ECN

[12:39] {Threei} have a look:

[12:39] {Threei} http://www.questrade.com/pricing/exchange_ecn_fees.aspx

[12:40] {wulff} 9.95 for anything Amer.

[12:40] {Threei} no rebate for adding liquidity, charge for removing it

[12:41] {BillyD} so on ARCA would be about 89.95 for 20K

[12:42] {wulff} scalping on Amer can be expensive

[12:42] {ese} can be

[12:43] {Threei} I don't get it ese

[12:43] {wulff} for less than several thousand shares

[12:43] {Threei} this doesn't look like a good deal to me at all, honestly

[12:44] {BillyD} Ameritradde is 9.99 for 10K shares & do not see any ecn fees

[12:44] {Threei} yeah... wanna try that? :)

[12:44] {wulff} all told, do you average about 5$ a trade or so

[12:44] {wulff} ??

[12:44] {ese} your probably right vad i haven't sat down and crunched the numbers.....but hope to do that...have been considering broker change

[12:45] {wulff} no eCN w/ amer

[12:46] {Threei} guess why wulff

[12:46] {wulff} why?

[12:46] {Threei} hint: your fill prices are, ummm

[12:46] {ese} l fitb .25

[12:46] {wulff} I have not had any trouble actually

[12:46] {Threei} lwt's call them sub-optimal

[12:47] {wulff} just expensive

[12:48] {ese} oh oh ...should be following compx here but isn't.....oh oh

[12:48] {Threei} or just delay

[12:51] {Threei} policeman from Cambridge lashes out at president for wading into incident

[12:51] {Threei} really, I can't believe he did that

[12:51] {ese} out 1/2

[12:51] {Threei} labeling police action "stupid" and tying it into racial issues without knowing what happened there

[12:51] {ese} .22 -.03

[12:51] {nemo} He's probably getting screwed in the deal. That Harvard professor has made a career out of racial studies

[12:52] {nemo} they're buddies of Obama

[12:52] {Threei} yeah

[12:52] {Threei} but jeez, don't you expect more impartiality from president??

[12:52] {nemo} There's big money in the PR from this one

[12:52] {nemo} Yeah Right Vad...

[12:54] {Threei} 53% Now Oppose Congressional Health Care Reform

[12:54] {Threei} Just 25% Now Say Stimulus Has Helped The Economy, 31% Say it Hurt

[12:54] {Threei} 53% Say Obama is Partisan Democrat

[12:54] {Threei} and for a good measure:

[12:54] {Threei} 64% Say Baseball Players Today Are More Skilled Than 50 Years Ago

[12:54] {Threei} lol

[12:55] {Threei} good exit ese

[12:55] {Threei} you have highly developed feel of danger

[12:56] {BillyD} that is good fear stimulus

[12:57] {ese} tks

[12:58] {Threei} relentless climb continues

[12:58] {Threei} not my type of day at all

[12:59] {Threei} I am glad to be at all positive on this k,ind of days

[13:03] {_bradc} what kind of days do you prefer?

[13:04] {magoo} i prefer profitable days

[13:04] {Threei} lol

[13:04] {Threei} trending days are good, but there are different kinds of trend movement

[13:05] {Threei} what we have today is just straight slow up with no meaningful pullbacks

[13:05] {Threei} in this kind of movement you rarely find entry

[13:07] {Threei} Reid said no vote on health care bill untill they come back fromAugust recess

[13:10] {_bradc} do you measure your pull backs with a method like fibbonaci retracement or something else?

[13:11] {Threei} not really although when I look at my preferrable entries, they more often than not coinside with Fib levels

[13:26] {Threei} Long Setup: CAT .37

[13:26] {Threei} if stays above .25

[13:33] {patience} patience is waiting to put some money to work.....got bills to pay....what to do, what to do

[13:36] {BillyD} NDX C&H

[13:37] {dino} dino is mesmerized that no pullbacks have occured. really limiting opportunities for my style

[13:37] {nemo} cat not moving with the market

[13:38] {magoo} in cat

[13:38] {Threei} I wanted to kick CAT in the rear but then realized it would be brutality toward animal

[13:39] {fernp} in CAT too

[13:39] {magoo} l amzn too here

[13:39] {Threei} here kitty kitty kitty

[13:43] {Threei} I like cats

[13:43] {BillyD} allergic to them, but ok here from a distance

[13:43] {Threei} not sure about potwential guys, maybe let's lighten up here

[13:45] {BillyD} out here thx Vad

[13:47] {magoo} out .47 TY DL

[13:47] {magoo} in .33

[13:48] {magoo} stoppedamzn

[13:49] {fernp} ty Vad. out .47

[13:50] {Threei} :)

[13:55] {BillyD} you sell all CAT Vad

[13:55] {Threei} half

[13:55] {Threei} offering second half .55

[13:56] {BillyD} lol.......just want taht extra penny

[13:56] {BillyD} new high

[13:57] {Threei} stop under .30, I am safe here

[13:57] {Threei} under .40, sorry

[13:58] {magoo} held well

[13:58] {BillyD} our friend BCRX

[13:58] {Threei} your choice of friends, Billy...

[13:58] {Threei} Fed's Fisher: Inflation is not an issue in the short term; concerned about inflation pressure

[13:58] {Threei} - sees Shipping and Rail sectors will be leading indicators.

[13:58] {Threei} - notes financial markets are showing a better tone.

[13:59] {wulff} +.40 CTRP

[13:59] {BillyD} lol

[13:59] {Threei} okay CAT, I got it

[13:59] {Threei} you no likey to be milked

[14:00] {Threei} BCRX new high

[14:00] {Threei} no news

[14:00] {Threei} shrug

[14:00] {Threei} just buy damn thing and put sell at 9, lol

[14:00] {BillyD} and stop 7.5

[14:00] {wulff} been watching that all day

[14:01] {wulff} turned my head one minute

[14:02] {wulff} VAD, got a speeding tkt in Bellingham

[14:02] {Threei} yikes

[14:02] {wulff} $150

[14:02] {wulff} 40 in 25

[14:04] {Threei} be back in 20

[14:09] {BillyD} CKSW any news for drop

[14:14] {fernp} no news in DJ news Billy

[14:14] {BillyD} ty fern

[14:14] {BillyD} I couldn't enter w/out knowing with that continous drop

[14:30] {Threei} Wednesday, July 22, 2009 3:03:32 AM

[14:30] {Threei} Click Software Reports Q2 $0.09 (adj) v $0.07e, R $14.4M v $13.7Me

[14:31] {Threei} Treasury sends proposal for resolution authority to Congress

[14:31] {Threei} - plan would give the Treasury the power to appoint the FDIC or SEC to rescue or unwind failed financial firms.

[14:31] {Threei} - seizure of a large firm would have to be authorized by a two-thirds vote of the Fed, FDIC and SEC boards followed by Treasury approval.

[14:31] {Threei} - banks with more than $10B in assets would pay examiner fees based on their size and complexity.

[14:31] {BillyD} thx Vad....

[14:32] {Threei} guess who is on TV

[14:36] {magoo} thought CAT had more..held real well

[14:36] {Threei} yeah but sdrop under original entry was not good for holding

[14:36] {Threei} reentry was possible of course...

[15:01] {ese} he is not.....he is skulking..........fitb

[15:01] {magoo} .

[15:04] {magoo} ..

[15:05] {ese} ...-- ..-- .-. morse code maybe

[15:06] {magoo} hey..why u still here?

[15:06] {magoo} lol

[15:06] {ese} still have 10k of fitb that i'm watching

[15:07] {ese} will exit at the end of the day

[15:20] {dptl} have a great evening all

[15:20] {Threei} take care dp

[15:21] {BillyD} Vad, that kitty cat makes me want to put the boots on

[15:21] {Threei} PETA is watching Billy

[15:21] {BillyD} lol

[15:22] {ese} see ya dp

[15:34] {Threei} CAT lost all connection to the market

[15:34] {magoo} CAT not even flinching with mkt pullbk

[15:34] {Threei} to Earth

[15:34] {Threei} to Solar system

[15:34] {Threei} to reality

[15:34] {Threei} to gravity

[15:39] {dino} .

[15:40] {Threei} second day I have this feeling that BCRX is far from done, and it does go up,

[15:40] {Threei} but does it in a way that I can't grasp

[15:41] {BillyD} smart $ accumulating it seems

[15:41] {BillyD} or manipulated $ building for secondary

[15:43] {BillyD} it doesn't matter, no read, no play

[15:48] {Threei} okay guys, going to call it a day

[15:48] {Threei} no intention to force any trades on last minutes

[15:48] {Threei} have a good evening, see you tomorrow

[15:48] {BillyD} bye vad

[15:48] {fernp} good nite all

[15:49] {magoo} ty bossasaurus

Jul 22 2009

Very nice morning with three quick wins, then things got dull. MS, HIG, SBUX worked like charm.

Session Time: Wed Jul 22 00:00:00 2009

[08:00] {Threei} Wells Fargo & Co Reports Q2 $0.57 v $0.34e, R$22.5B v $20.5Be
[08:01] {Threei} NVAX Announces Selection of a Respiratory Syncytial Virus Vaccine Candidate for Advanced Preclinical Studies (3.19, 0.00, 0.00%)
[08:02] {Threei} MS Reports Q2 -$1.37 v -$0.49e, R$5.4B v $5.35Be
[08:03] {Threei} ONXX Study shows Nexavar in combination with Chemotherapy helps fight breast cancer (31.62, 0.00, 0.00%) (related BAY.GE )
[08:04] {Threei} grabbed MS short at 26.93 :)
[08:05] {Threei} covered +1
[08:05] {BillyD} gm
[08:05] {Threei} Billy :)
[08:05] {BillyD} nice already
[08:05] {Threei} big earnings miss
[08:06] {Threei} ONXX nothing was available when news came out
[08:06] {Threei} and WFC was confusing
[08:06] {Threei} looked as long first few seconds, then reversed hard
[08:11] {BillyD} u watching wfc
[08:11] {Threei} too wild
[08:12] {BillyD} doesn't give clear direction
[08:12] {BillyD} you pick MS up on news scanner
[08:17] {Threei} yes
[08:17] {Threei} 08:02] {Alert} Threei MS Reports Q2 -$1.37 v -$0.49e, R$5.4B v $5.35Be
[08:30] {JohnK} gm folks
[08:30] {Threei} Jonh :)
[08:30] {Threei} *(CA) CANADA MAY RETAIL SALES M/M: 1.2% V 0.5%E; EX AUTO M/M: 0.7% V 0.5%E
[08:30] {BillyD} Hi John
[08:41] {magoo} morning
[08:41] {BillyD} magoo
[08:41] {Threei} mags :)
[08:42] {magoo} hi vad..what u watchin?
[08:42] {Threei} MS, WFC, BCRX, HGSI
[08:43] {magoo} i see financial down..reports bad?
[08:43] {Threei} caught MS short earlier
[08:43] {Threei} yeah
[08:43] {magoo} nice
[08:45] {BillyD} BCRX shortable
[08:50] {magoo} yea
[08:52] {nemo} awi[awa jq
[08:52] {nemo} I feel like Mags writes
[08:54] {Threei} nemo :)
[08:57] {fernp} good morning everybody
[08:57] {Threei} fern :)
[08:57] {BillyD} HGSI holds it gap fairly well
[08:58] {nemo} fcx and rimm currently nice dbi formations, well fcx dropping as I write this
[08:59] {Threei} stop writing, maybe it'll stop dropping
[09:00] {magoo} CAT heading down
[09:09] {cosmo} SBUX hod
[09:09] {cosmo} 16.30 spike last night
[09:10] {Threei} Yesterday 16:05 SBUX Reports Q3 $0.24 v $0.19e, R $2.4B v $2.38Be
[09:10] {Threei} - Q3 US SSS -5%, International SSS -2%
[09:10] {Threei} - Q3 US Operating Margin 8.5% v -0.8% q/q
[09:10] {Threei}
[09:10] {Threei} and couple upgrades
[09:12] {cosmo} SBUX should hold 16
[09:13] {Threei} {SBUX} don't tell me what to do
[09:13] {cosmo} needs to hold 15.90 imo
[09:15] {dino} gm all
[09:16] {Threei} dino :)
[09:18] {dptl} good morning all
[09:19] {Threei} dp :)
[09:20] {magoo} vad, look ONXX
[09:22] {Threei} [08:03] {Alert} Threei ONXX Study shows Nexavar in combination with Chemotherapy helps fight breast cancer (31.62, 0.00, 0.00%) (related BAY.GE )
[09:23] {ese} good morning.........
[09:24] {dino} fuqi
[09:24] {BillyD} ese :)
[09:24] {fernp} ese
[09:24] {Threei} ese :)
[09:24] {ese} howdy boyzzzza.....
[09:24] {Threei} FUQI International Offering 4.5M shares (20.4% of shares oustanding)
[09:24] {Threei} - will also grant a 30-day option to the underwriters for the purchase of up to an additional 675,000 shares of common stock to cover over-allotments.
[09:26] {Threei} so far MS formed resistance at 26.50
[09:26] {Threei} let's see if we get a short setup
[09:28] {jfjf64} mornin all
[09:28] {Threei} jf :)
[09:28] {_patel} good morning traders. Today is my 1st day in this chat
[09:28] {BillyD} welcome
[09:29] {Threei} morning payel, welcome
[09:29] {Threei} patel, sorry
[09:29] {nemo} forgive Vad's typing
[09:29] {nemo} it's always like that
[09:29] {_patel} lol
[09:29] {Threei} yup
[09:29] {Threei} too bad you haven't started yesterday, LOL
[09:30] {jfjf64} patel mk money early fun later welcome
[09:30] {cosmo} FUQI heals it seems
[09:30] {nemo} first time I ever saw someone type with a Ukranian accent
[09:30] {Threei} .short ms .30 break half lot
[09:30] {cosmo} oops
[09:30] {Threei} Short Setup: MS .30 break half lot
[09:30] {Threei} stop above .50
[09:33] {Threei} invalidated
[09:35] {Threei} wow SBUX
[09:35] {Threei} pullback into .30 is long
[09:35] {cosmo} drink-up
[09:36] {nemo} ms collapsed
[09:36] {nemo} has ms I guess
[09:36] {jfjf64} sbux??
[09:36] {Threei} well, no setup on MS that we could utilize
[09:36] {nemo} understood
[09:37] {Threei} jf... don't scream at me that early...
[09:37] {Threei} [09:35] {Threei} wow SBUX
[09:37] {Threei} [09:35] {Threei} pullback into .30 is long
[09:38] {jfjf64} afl vad ya lk
[09:38] {Threei} 33 break...
[09:38] {Threei} could be
[09:38] {Threei} too fast eh
[09:39] {jfjf64} y
[09:39] {Threei} see if pulls back under 33
[09:39] {jfjf64} hig also
[09:39] {Threei} Long Setup: SBUX .55 if stays above .45
[09:39] {nemo} oops
[09:40] {jfjf64} missed
[09:40] {Threei} sheesh... things are hectic
[09:40] {Threei} yeah, too fast
[09:40] {nemo} ms had a short setup support for 3 minutes
[09:40] {jfjf64} orex lk
[09:40] {nemo} kinda' repeat yesterday morning
[09:41] {Threei} OREX... .89 break
[09:41] {Threei} very risky one
[09:42] {Threei} Long Setup: HIG 12 break
[09:42] {Threei} support is .95 or .90, both a valid
[09:44] {Threei} SBUX
[09:44] {Threei} pulling back for entry
[09:44] {Threei} first strength from here
[09:44] {Threei} .56 long trigger
[09:45] {Threei} if stays above .45
[09:47] {Threei} 1:1
[09:47] {fernp} ty
[09:47] {BillyD} out ty
[09:47] {Threei} finally, got one
[09:47] {nemo} ty
[09:47] {Threei} 1:2
[09:47] {magoo} in orex
[09:48] {JohnK} great trade SBUX thx T :)
[09:48] {Threei} welcome
[09:48] {Threei} good illustration to "let the price come to you"
[09:48] {jfjf64} cafe latte for alll ty ty ty
[09:48] {JohnK} still waiting for HIG
[09:49] {Threei} HIG is taking its sweet time
[09:49] {Threei} MS is back into resistance
[09:49] {Threei} no read on it
[09:49] {Threei} weird moves
[09:50] {Threei} you got OREX on pullback into trigger mags?
[09:50] {magoo} yea
[09:50] {Threei} sold any yet?
[09:50] {Threei} nice jump after your entry
[09:51] {nemo} in hig
[09:51] {JohnK} me too
[09:51] {Threei} Long Setup: RIMM .80 break
[09:52] {Threei} if stays above .65
[09:52] {Threei} HIG 1:1 for hardcore scalpers
[09:52] {fernp} ty again
[09:52] {Threei} :)
[09:53] {ese} wfc beats the street and gets trashed.......
[09:53] {Threei} SEC Schapiro: would be helpful for congress to pass legislation requiring mandatory registration by credit rating agencies
[09:53] {Threei} RIMM 1:1
[09:53] {Threei} 1:2
[09:53] {magoo} 08 rimm TY
[09:54] {JohnK} out of both HIG and RIMM thx T great day so far :)
[09:54] {Threei} good job John
[09:54] {BillyD} ty RIMM
[09:54] {jfjf64} out rimm
[09:54] {Threei} is summer over?
[09:54] {BillyD} let's pray
[09:54] {Threei} sure trading yesterday and today feels like it
[09:54] {ese} nice job on Hig john
[09:54] {Threei} fast, furious, determined
[09:54] {magoo} out OREX here TY
[09:55] {Threei} RIMM explosion
[09:55] {jfjf64} blackberrys for all and latte
[09:55] {Threei} lol
[09:55] {jfjf64} lol
[09:55] {JohnK} thx ese - I had some help :)
[09:55] {Threei} jf... do I have a surpise for you
[09:55] {jfjf64} more pictyures
[09:56] {Threei} YES!
[09:56] {Threei} lol
[09:56] {jfjf64} ya readin is on pictures for all
[09:56] {Threei} most of all I am happy that I felt this spike of activity coming... remember my Monday warning that market is pregnant with something big?
[09:56] {Threei} tells me I am not fully numb despite coma
[09:57] {BillyD} good read
[09:57] {wulff} never fails to amaze me
[09:57] {BillyD} keep up the good work!
[09:57] {jfjf64} ya still im rimm
[09:57] {Threei} HIG... move 3-5 cents more, will ya?
[09:57] {nemo} I scalped and a half @ .08
[09:58] {jfjf64} ese buy 50000 shares for us
[09:58] {chiro} ss WFR 20.53
[09:59] {Threei} stop above .60?
[09:59] {Threei} or you are keeping it wider for bigger move?
[09:59] {Threei} MAY HOUSE PRICE INDEX (M/M): 0.9% V -0.2%E
[09:59] {Threei} - prior revised from -0.1% to
[09:59] {Threei} wow
[10:00] {Threei} good boy HIG
[10:00] {Threei} 1:1 for those who kept stop under .90
[10:00] {chiro} stop BE...out partial @ .39
[10:00] {Threei} 1:2 for .95ers
[10:01] {Threei} Fed's Bernanke repeats testimony from Tues
[10:01] {nemo} that housing number rocketing the dow
[10:01] {Threei} why, they didn't get it first time?
[10:01] {magoo} out hig .12 TY vad
[10:01] {magoo} out sbux .94 ty vad
[10:01] {Threei} welcome mags... didn't think you'd play it
[10:01] {Threei} slow one, not really your type
[10:01] {magoo} i know
[10:01] {magoo} torture
[10:02] {Threei} now SBUX... yeah, it's caffeine loaded and is totally yours
[10:02] {magoo} but had sbux rimm hgsi to keep me busy
[10:02] {BillyD} good hold on SBUX mags
[10:02] {Threei} okay, daytraders get almost 1:2 on HIG,
[10:02] {Threei} so make up your mind:
[10:02] {Threei} full out or 1/4 and trail
[10:02] {nemo} look at ms
[10:03] {Threei} I don't want to
[10:03] {BillyD} MS like nothing ever happened
[10:03] {Threei} US Treasury's Wolin: markets showing signs of stabilization
[10:03] {Threei} that's the advantage of ms, billy
[10:04] {Threei} hey... that was a good joke... have nercy anyone
[10:04] {Threei} ms
[10:04] {Threei} as in multiple sclerosis?
[10:04] {Threei} sigh...
06[10:04] * Threei leaves this world for monastery
[10:05] {Threei} see you in three years
[10:05] {jfjf64} sbux settin up again
[10:05] {Threei} good bye cruel workld
[10:05] {nemo} I[09:36] {nemo} ms collapsed
[10:05] {nemo} [09:36] {nemo} has ms I guess
[10:05] {Threei} great nemo... not only we have similar sense of humor,
[10:05] {Threei} no one underdtand or appreciates either of us
[10:06] {nemo} Yeah, ask my ex
[10:06] {jfjf64} fmbi
[10:09] {Threei} adrenalin deprived, keep an eye on HGSI
[10:09] {Threei} inching toward yesterday's high
[10:11] {jfjf64} ms wow
[10:12] {jfjf64} orex pullbk
[10:13] {wulff} RIMM looks too obvious
[10:14] {chiro} out WFR +.25
[10:15] {fernp} gj chiro
[10:16] {BillyD} Vad SBUX here over .81
[10:16] {BillyD} too late
[10:16] {magoo} oh shit look OREX
[10:16] {Threei} not sure about it Billy
[10:16] {Threei} yeah, OREX went postal on us
[10:16] {BillyD} maybe more PB
[10:17] {nemo} market weakening hig holding
[10:18] {jfjf64} yes nemo
[10:18] {BillyD} HIG surprised me
[10:19] {nemo} scalper reentry .21 break after tht big orer?
[10:19] {nemo} that, order
[10:19] {BillyD} RIMM bounce area
[10:19] {Threei} trying to make my peace with the fact that it looks too perfect nemo
[10:20] {nemo} if holds .15
[10:20] {nemo} or .14
[10:22] {nemo} so much for that
[10:24] {jfjf64} rimm
[10:27] {BillyD} AFL .51
[10:30] {jfjf64} billy d ya want trigger at 33.51 afl
[10:30] {Threei} DOE CRUDE: -1.8M V -2ME; GASOLINE: +813K V +750ME; DISTILLATE: +1.2M V +1.5ME
[10:30] {BillyD} thinking about it, will need mkt help, also wanted it to hold .40
[10:31] {magoo} rimm short vad?
[10:32] {BillyD} AFL invalidated for me
[10:32] {Threei} can't tell mags
[10:32] {Threei} bounce is equally likely here
[10:33] {magoo} read on HGSI?
[10:35] {Threei} none here but will be watching for bounce if dives under 14
[10:35] {Threei} alternatively, some consolidation under .20, then break
[10:38] {BillyD} SBUX pretty strong considering mkt PB
[10:41] {BillyD} OREX may have more
[10:41] {jfjf64} 92000 just went through orex
[10:42] {jfjf64} lot buyers
[10:42] {magoo} whats news OREX
[10:42] {jfjf64} and sellers
[10:42] {magoo} becomiong a HGSI
[10:42] {jfjf64} lol
[10:42] {BillyD} was hoping for more consolidation on it
[10:43] {Threei} 20 Jul 2009 06:59 OREX Contrave Phase III program meets co-primary and key secondary endpoints
[10:43] {Threei}
[10:43] {magoo} ty
[10:43] {jfjf64} .30 break looks lk it was set up
[10:43] {Threei} SEC's Shapiro: Will make a decision with regards to short sales within the next two months; still considering circuit breakers and reinstatement of uptick rule - Q&A
[10:44] {jfjf64} tarr and feather shapiro get a life
[10:45] {Threei} this is so funny
[10:45] {Threei} with everything that is going on they waste the time and effort on this irrelevant bs?
[10:46] {nemo} Yes, and No...we know it doesn't mean diddly...but the masses are calling for action. You throw them a bone, so they can go back home, watch TV, and drink beer
[10:46] {jfjf64} market showin life and they want to fixx it
[10:46] {Threei} masses don't are when market goes up
[10:47] {Threei} and it did - even though all the short selling rules are in place
[10:47] {jfjf64} sound lk me nemo comon
[10:47] {BillyD} shorts help mkt go up....educate the masses
[10:48] {BillyD} OREX makes the .12 breakout play look easy now
[10:48] {nemo} You can't educate the masses...they're dumb. Paradoxes are beyond them
[10:49] {jfjf64} lookin at that how did i miss that
[10:49] {BillyD} it was spike from .87 - 9.03 for that kept me out
[10:50] {Threei} well, it's right back into that level
[10:53] {jfjf64} vad usb tk look
[10:54] {Threei} don't know
[10:59] {magoo} bib bouncerimm
[10:59] {magoo} sigh typing
[11:03] {magoo} rimm again
[11:07] {_patel} quick question? with me trading small (100 to 400) shares. How should I take profits? Close the position or take partials.
[11:08] {Threei} not much room for partials with 100 shares...
[11:08] {Threei} it's a training size really, not money making size
[11:08] {_patel} well, threei, I like your risk reward
[11:08] {_patel} so i probably be doing 500 shares.
[11:08] {Threei} just not at once
[11:09] {Threei} there is a procedure for defining yor position size,
[11:09] {Threei} and for gradual increase of it
[11:09] {magoo} amzn read vad?
[11:09] {Threei} none here mags, things lost the drive for now
[11:17] {Threei} ok... activity died down for a while
[11:17] {Threei} jf
[11:18] {Threei} drum roll
[11:18] {Threei} http://www.realitytrader.com/photography/2009/07/city-bird.html
[11:18] {ese} i can do that drum roll
[11:18] {Threei} :)
[11:18] {Threei} you'll recognize the place ese
[11:19] {dino} major tech issues, ughhhhhhhh
[11:19] {ese} kind of
[11:20] {Threei} Beacon Hill park, from the Douglas rd entry
[11:20] {ese} ahhhhh....i wouldn't have got that
[11:21] {jfjf64} very nice vad nice
[11:21] {Threei} ty
[11:21] {ese} those are very good pictures though vad......
[11:21] {ese} artistically well done
[11:21] {BillyD} Vad, a second calling
[11:22] {jfjf64} for sure dont leave us yet
[11:22] {Threei} sorry jf, that monastery is settled deal
[11:23] {ese} ya right!!!!! with stocked vodka cabinet.......
[11:24] {jfjf64} vad all kiddin aside showw us the GOOD pictures
[11:24] {Threei} and you should see the nuns...
[11:24] {ese} ouch!
[11:24] {fernp} nice pics, Vad
[11:24] {Threei} sorry jf, what you and magoo consider good pictures is not suitable for the family room {G}
[11:25] {Threei} ty fern
[11:25] {jfjf64} always fun here mk cash early hv fun i cd live with this
[11:26] {jfjf64} good adrenline rush earlier
[11:26] {Threei} we cd too espcly if you strtd typng whole wrds
[11:26] {BillyD} roflol
[11:28] {jfjf64} genz vad any read
[11:29] {Threei} well
[11:29] {Threei} formally, .65 is long trigger
[11:29] {Threei} stock calls for half lot
[11:30] {Threei} reliability of it here is questionable
[11:30] {Threei} I personally will skip this one
[11:37] {jfjf64} genzin .68
[11:38] {jfjf64} out .78
[11:38] {Threei} stinkin' scalper
[11:39] {magoo} hgsi losdt 14
[11:39] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[11:39] {Threei} see GENZ?
[11:39] {Threei} thin stock...
[11:39] {Threei} moves easily
[11:44] {magoo} like pulp
[11:46] {jfjf64} im outta here my friends ty vad
[11:46] {Threei} take care jf
[11:47] {fernp} bye jf
[11:47] {jfjf64} goin to get me a latte at sbux
[11:48] {BillyD} OREX maybe if takes .20 with some action
[11:54] {nemo} DB on cat?
[11:54] {nemo} or higher low
[11:57] {BillyD} small range today so far
[12:02] {BillyD} Vad, see any worthwhile setup forming ob SBUX
[12:02] {BillyD} besides a first B?O
[12:02] {BillyD} B/o
[12:03] {Threei} b/o is it
[12:03] {Threei} 17.10 break if hlding above 17
[12:03] {Threei} how reliable it is at this time of the day, I'll leave to your discretion
[12:04] {BillyD} lol............why I am asking you
[12:04] {BillyD} marginal
[12:05] {Threei} let's say 52/48 :)
[12:05] {BillyD} BCRX holds a tight range here, could be something later off .80
[12:05] {BillyD} lol
[12:17] {Threei} lol... really takes patience eh
[12:17] {Threei} but... so far so good
[12:17] {Threei} and 1:1 is coming
[12:17] {BillyD} never took it
[12:18] {Threei} okay
[12:18] {BillyD} it held very strong on mkt PB
[12:18] {Threei} yup
[12:18] {Threei} 1:1
[12:18] {Threei} crying yet?
[12:19] {BillyD} .18 is the high from 8/15/08
[12:19] {Threei} gosh... you dig deep {G}
[12:19] {BillyD} nah...I did try at .14 but it jumped too dfast after it hekd
[12:19] {BillyD} maybe too deep.........
[12:19] {Threei} hehe
[12:19] {BillyD} lol
[12:21] {Threei} 1:2 is on horizon
[12:21] {BillyD} ok...now I'm crying
[12:22] {Threei} tell me when to shut up
[12:22] {Threei} :)
[12:22] {BillyD} I didn't realize you put so much emphasis on that extra 2% as confidence 52/48
[12:23] {Threei} lol
[12:24] {BillyD} I am always learning something new
06[12:26] * Threei whispering "1:3 is coming"...
[12:26] {magoo} which stok?
[12:27] {BillyD} this is good conditioning....ty
[12:27] {ese} am outa here today....have a tee time in 1 hour catch ya tomorow
[12:27] {BillyD} SBUX magoo
[12:27] {Threei} take care ese
[12:27] {fernp} bye ese
[12:28] {Threei} (US) House Speaker Pelosi (D): There are enough votes to pass the healthcare bill in the House
[12:28] {Threei} - intend to have a vote on the bill some time next week; waiting to see what the Senate is doing. (related IYH )
[12:28] {BillyD} MKT help big time on SBUX
[12:31] {dino} supx
[12:32] {dino} l .83 stop .71
[12:32] {dino} safm, ati, aan
[12:33] {dino} working backwards on old system
[12:33] {BillyD} scalping dino
[12:34] {dino} yeah, out of it a bit today
[12:36] {BillyD} look at HIG
[12:36] {BillyD} another one proved me wrong for thinking
[12:42] {Threei} well
[12:42] {Threei} by now you know thinking is not good for you
[12:43] {BillyD} yes
[12:45] {dino} supx stopped
[12:57] {dino} twm l .39 stop lod
[13:09] {BillyD} BCRX
[13:17] {fernp} SBUX new high
[13:20] {Threei} amazingly sustainable movement
[13:21] {Threei} and BCRX... it starts looking like another run in the making
[13:24] {dino} will they do 11 in a row up?
[13:41] {larisa} i think all time record is 19 days for Nasdaq
[13:41] {Threei} realy?
[13:41] {Threei} when?
[13:41] {Threei} I bet 1999!
[13:42] {larisa} 1979 i think, but i am not sure, read that article long time ago
[13:42] {Threei} lol, whole 1999 in my memory is one movement up
[13:43] {Threei} of course my memory doesn't go further than 3 days ago
[13:43] {Threei} so don't rely on it
[13:49] {Threei} BCRX...
[13:50] {Threei} 8.02 break long half lot
[13:50] {Threei} if stays bove .90 - .95 zone
[13:51] {Threei} has a chance to go loco
[14:09] {Threei} yawn
[14:10] {dino} out twm .70, +.31
[14:11] {nemo} out bcrx
[14:15] {BillyD} mkt got tight again after this morning
[14:17] {BillyD} OREX holds .90 well, worth a shot short if breaks it
[14:20] {Threei} summer returned this afternoon, lol
[14:35] {dino} safm hl l .80
[14:38] {_bradc} If your triggers hit and get stopped is it a valid play the other way?
[14:38] {Threei} often yes
[14:39] {Threei} unless it's decisively against the market direction, most setups are two-sided
[14:39] {Threei} meaning, invalidation can be taken as trigger to play the opposite way
[14:40] {Threei} I prefer to play invalidation rather than stop for this
[14:40] {Threei} less chance for a shakeout
[14:41] {_bradc} in a ranging market it seems that if the trigger hits goes weakly and you do not enter and wait for invalidation it seems to give a confirmation of the invalidation direction
[14:42] {Threei} often, yes
[14:43] {Threei} another scenario is, you do not enter, it moves 40 cents with no pullback and you rip the hair of your head... enter SBUX break at 17.10 :)
[14:44] {_bradc} what do you mean you 'prefer to play invalidation rather than stop'?
[14:44] {nemo} rimm vad
[14:44] {nemo} winkle
[14:45] {Threei} meaning, I prefer to play agaianst original setup direction if it gets invalidated - stoo level is hit before the trigger,
[14:45] {Threei} rather that stop where it's (stop) is hit after trigger
[14:45] {Threei} invalidation does no harm, just cancels the setup
[14:45] {Threei} stop is actual stop
[14:50] {cosmo} CKSW tests 8 hod soon
[14:51] {cosmo} 8 wall
[14:52] {Threei} LLTC...
[14:53] {Threei} if market repeats big uopward spurt, this one has a chance
[14:56] {larisa} when did we have big one.. just checking :)
[14:56] {Threei} can't get rid of feeling BCRX is not done
[14:56] {Threei} UBSS 8.01 order just begs for a play
[14:57] {BillyD} like yesterday at .51
[14:58] {Threei} right
[14:59] {Threei} 6.5K at .86 taken
[15:00] {Threei} Shoppertrak: May and June Mall traffic is unchanged, foot traffic in malls is at pre-recession levels (related RTH )
[15:01] {Threei} guess who is coming on TV
[15:01] {_mikej} bcrx short or long
[15:02] {Threei} neither so far
[15:02] {Threei} l,ong if takes that huge offer at 8.01
[15:04] {Threei} turns into bounce play if this offer at .77 is taken
[15:05] {Threei} stop under .70
[15:06] {Threei} nope, no go
[15:09] {BillyD} just enough to shake
[15:09] {Threei} prone to do that... that's why I alerted to half lot
[15:11] {dino} safm to flat
[15:14] {dino} stopped
[15:24] {Threei} HGSI diving
[15:25] {magoo} back, we in anything?
[15:25] {magoo} been gone since 1pm
[15:25] {dino} ati l .30, stop .13
[15:25] {Threei} in navel-gazing mode mags
[15:25] {Threei} fast drop HGSI, maybe something materializes here
[15:26] {dptl} have a great evening all ,see ya tomorrow
[15:26] {dino} cya dp
[15:26] {Threei} take care dp
[15:27] {nemo} I'm off too...leaving I mean...we're all aware of my mental state
[15:27] {nemo} c u 2morow
[15:28] {Threei} take care nemo
[15:28] {dino} cya nemo
[15:33] {fernp} see u all tomorrow. good evening
[15:33] {Threei} fern :)
[15:36] {dino} cya fern
[15:50] {dino} out ati .55, +.25
[15:53] {dino} thx all, gotta hop, tee time in 30
[15:54] {Threei} see you tomorrow dino
[15:54] {BillyD} cya dino
[15:54] {dino} indeed
[15:56] {_bradc} do these scalping set ups work on a longer time frame?
[15:56] {Threei} sure
[15:56] {Threei} there is no such hing as scalping setup
[15:56] {Threei} scalping is not a trading system
[15:59] {Threei} wow
[15:59] {Threei} HGSI
[15:59] {Threei} what was that?
[16:00] {BillyD} news or major squeeze
[16:00] {Threei} I don't see any news
[16:01] {Threei} QCOM Reports Q3 $ v $0.52e, R$2.75B v $2.73Be
[16:01] {Threei} .44 vs .52
[16:02] {larisa} bye :)
[16:02] {Threei} thank you all
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow :)
[16:02] {BillyD} bye Larisa
[16:02] {larisa} :)
[16:03] {BillyD} Vad, any OREX news
[16:03] {Threei} no
[16:03] {BillyD} ty...have a good evening
[16:04] {Threei} wait
[16:04] {Threei} here it is
[16:04] {Threei} Announces Proposed Public Offering of Common Stock
[16:04] {Threei} no pricing
[16:04] {BillyD} of course not :)