Aug 04 2009

One of those days when things just don't work. One nice win on VRTX long for +.35 and three stops around .10 each. With partialling out on a winner, still a red day.

Session Time: Tue Aug 04 00:00:00 2009

[08:36] {BillyD} GM all

[08:36] {Threei} Good morning

[08:43] {Threei} Treasury publishes bank stats on loan modifications: BoA began trial modifications on only 4% of eligible loans

[08:43] {Threei} - Citimortgage trial modifications started at 15% of all elligible loans. JPM rate at 20%.

[08:43] {Threei} - CNBC's Liesman comments that this data release is essentially meant to "shame" banks into stepping up their loan modifications.

[08:44] {Threei} CAT Guides 2010 profit better than that of 2009

[08:44] {nemo} wondering why that jumped

[08:46] {Threei} DARA Along with America Stem Cell, Inc. to Collaborate On Stem Cell Research (0.27, 0.00, 0.00%)

[09:02] {Threei} (US) FDIC's Bair: Still sees no need for unified banking regulator, still opposed to President Obama's regulatory overhaul

[09:02] {Threei} - Note that some of these comments were leaked during the European session.

[09:02] {Threei} still?

[09:02] {Threei} I never heard they were

[09:04] {Threei} (US) Sen Dodd: Not sure if 3 Federal Agencies are needed to regulate banks

[09:04] {Threei} why... the more the merrier

[09:05] {BillyD} the blind are trying to lead.....they overlook their faults in managing the finaces of this country but try and regulate everything else

[09:06] {Threei} fox and henhouse...

[09:07] {Threei} I'll never understand how Fed's very existence, let alone giving them increased powers, can be justified, with glaring conflict of interests

[09:09] {cosmo} ... like greed....

[09:09] {ese} good morning.............

[09:09] {Threei} cosmo, ese :)

[09:09] {ese} morning vad......

[09:10] {ese} correction begins today maybe?

[09:10] {Threei} anyone's guess, really

[09:10] {Threei} whole lot of people call for correction during whole rally

[09:10] {cosmo} ese...you go to that edmonton concert ?

[09:11] {ese} ya.....that was pretty funny.....

[09:11] {cosmo} i went to one like that once too

[09:11] {ese} the one where the stage colapsed?.....no

[09:11] {Threei} my approach if simple

[09:11] {ese} my mother lives close to there

[09:11] {Threei} it's over when it's over, not when everyone says it's over

[09:11] {Threei} we will see it with our very eyes

[09:12] {Threei} and trade accordingly

[09:12] {cosmo} i saw little richard collapse a stage many years ago...

[09:12] {magoo} morn

[09:12] {cosmo} he broke his arm...

[09:12] {ese} in deed vad

[09:12] {Threei} magoo :)

[09:12] {fernp} good morning everybody

[09:12] {Threei} fern :)

[09:12] {ese} colapse......from exhaustion?

[09:13] {magoo} u watching UBS vad?

[09:13] {magoo} what else

[09:13] {cosmo} jumping on the piano with the audience

[09:14] {Threei} not finding much to watch so far mags

[09:14] {Threei} CAT

[09:14] {ese} wow...

[09:14] {cosmo} everybody come on up....

[09:15] {cosmo} ended the concert before contry joe and the fish could play

[09:15] {cosmo} country

[09:15] {ese} was it a good concert?

[09:15] {ese} to that point?

[09:16] {cosmo} hmmm..... i forgot...

[09:17] {cosmo} lots of arrests for lighting incense....

[09:17] {cosmo} geez

[09:18] {ese} thats funny cos

[09:18] {cosmo} last concert at the olympic .... downtown L.A.

[09:19] {dptl} good morning all

[09:19] {Threei} dp :)

[09:19] {ese} dp

[09:20] {dptl} :)

[09:23] {Threei} NTWK...

[09:23] {Threei} little news and nice daily

[09:23] {Threei} NTWK Wins New Mexican Contract to Implement Award Winning Financial Suite With Leading Global Auto Manufacturer

[09:23] {Threei} - terms not disclosed (1.02, 0.00, 0.00%)

[09:23] {Threei} probably nothing to get excited about

[09:25] {Threei} KERX

[09:25] {Threei} Keryx Biopharmaceuticals Inc Settles license dispute with Alfa Wassermann

[09:25] {Threei} - The Company and Alfa Wassermann S.p.A. have settled a dispute over issues arising from the terminated license agreement for Sulonex (sulodexide). Under the terms of the settlement agreement, Alfa Wassermann is paying Keryx $3.5M (of which $2.75M has already been received by Keryx and $750K is to be paid to Keryx on or before July 30, 2010), and Keryx shall deliver to Alfa Wassermann all of its data, information and other intellectual property related to Sulonex.

[09:26] {Threei} ONTY gapped into 6.90 area, retreated to close level now

[09:26] {Threei} that's all I've got so far

[09:26] {Threei} slim pickings

[09:27] {Threei} KERX, if consolidates a little between .70 and .80 maybe worth try for a break

[09:34] {ese} cvs...might be worth a look vad

[09:34] {Threei} Short Setup: RIMM .40 break half lot

[09:34] {Threei} if stays below .60

[09:35] {Threei} CVS earnings and guidance earlier

[09:35] {Threei} CVS Guides Q3 EPS $0.62-0.64 v $0.76e, Rev +19-21% y/y (implies R$24.87-25.29B v $26.5Be) - conf call (34.00, 0.00, 0.00%)

[09:35] {Threei} CVS Guides FY10 EPS "to grow 13-15% y/y" (implies $2.93-3.39 v $3.01) - conf call

[09:35] {Threei} - CEO: "Would be disappointed if FY10 guidance did not grow 13-15% over 2009 levels, but we hav... (34.00, 0.00, 0.00%) more...

[09:36] {Threei} looks to me like short on .50 break

[09:36] {Threei} Short Setup: CVS .50 break

[09:36] {Threei} if stays under .65

[09:38] {nemo} damn

[09:38] {BillyD} missed

[09:38] {Threei} over 1:1 in a hurry

[09:38] {ese} short cvs

[09:38] {BillyD} yeah good one

[09:38] {nemo} it went from not triggered to 1:1

[09:38] {ese} out cvs

[09:38] {nemo} good for you

[09:39] {Threei} back into trigger

[09:39] {Threei} first wekness from here

[09:39] {Threei} for second chance entry

[09:39] {Threei} nope, over resistance now

[09:39] {ese} no i buggared that up....lousy fill

[09:40] {ese} filled .33 covered .49 only a 100 shs though

[09:40] {Threei} yikes

[09:40] {Threei} what is it, market orders??

[09:40] {ese} still learning to short.....was not quick enough on that lost 20.00 bucks

[09:41] {ese} yes

[09:41] {Threei} don't do market orders

[09:41] {Threei} ever

[09:41] {BillyD} I reshorted it into .54 and got popped -.20

[09:41] {Threei} that's the kind of fills tyou will be getting on real size too

[09:41] {ese} you got it ...that was mistake 1 i guess

[09:42] {Threei} Preview: Jun Pending Home Sales due out at 10amET

[09:42] {Threei} -***consensus expectation

[09:42] {Threei} - MoM 0.7%e v 0.1% prior (May)

[09:42] {Threei} - analyst estimates range from -1.2% to +3.0%

[09:42] {Threei} WFC

[09:42] {Threei} bounce play

[09:43] {Threei} Long Setup: WFC .37 if stays above .30

[09:44] {BillyD} in .37

[09:44] {fernp} in

[09:48] {Threei} no worky

[09:49] {Threei} shakeout...

[09:50] {fernp} y

[09:50] {Threei} what's with JADE?

[09:50] {wulff} CAT short

[09:56] {ese} cvs.....cool move

[09:56] {fernp} LVS breakout, Vad?

[09:56] {Threei} hard to tell

[09:57] {Threei} something isn't right about it

[09:57] {fernp} ok, ty

[09:58] {Threei} looks like it follows WYNN

[09:58] {Threei} and WYNN starts pulling back

[09:59] {ese} L MYL .54

[10:00] {Threei} JUNE PENDING HOME SALES (M/M): 3.6% V 0.7%E

[10:02] {nemo} frickin wfc

[10:02] {Threei} yeah

[10:02] {nemo} cat break cup

[10:02] {Threei} embodiment of rudeness

[10:03] {Threei} Long Setup: SBUX .50

[10:03] {Threei} if stays above .40

[10:03] {Threei} .45 for hardcore scalpers

[10:04] {nemo} my loss in WFC ended up being less than the stop, I double tapped the sell, ended up going short, made a couple of cents

[10:04] {Threei} lol

[10:05] {nemo} big order @.50 on sbux

[10:06] {Threei} (US) Fed's Tarullo: The Fed has not taken a position for or against establishment of financial consumer protection agency - Senate testimony (related XLF )

[10:07] {fernp} you were right with LVS. ty

[10:09] {Threei} :)

[10:10] {Threei} Long Setup: ARUN .30 half lot

[10:10] {ese} out MYL .46 -.08 goin nowhere fast....and i ain't goin with it

[10:10] {Threei} if stays above .15

[10:11] {cosmo} Fed must like Caveat Emptor

[10:11] {Threei} HGSI again??

[10:13] {Threei} BCRX must be not too far behind then, lol

[10:16] {Threei} SBUX 1:1 for pesky hardcore scalpers

[10:21] {Threei} WFC Discloses 2009 modifications of 740K mortgage loans through end of July

[10:21] {Threei} - Notes that 90 of 100 WFC customers have remained current on mortgage payments (25.67, -0.13, -0.50%) (related XHB XLF )

[10:24] {Threei} scalpers win on SBUX

[10:24] {fernp} stopped

[10:24] {patel} 0 for 2 so far

[10:29] {wulff} rimm short

[10:31] {ese} i'm getin nowhere fast.......hows everybody else doin

[10:32] {chiro} me 2....nowhere fast...sounds like a "Meatloaf" track

[10:32] {BillyD} thrown a little out of my game but getting mindset back here

[10:32] {patel} same here

[10:32] {ese} if it isn't one of his tracks ...it hsould be

[10:34] {Threei} gosh... two stops 8 cents and 11 cents, and whole bunch of whiners

[10:34] {Threei} lol

[10:35] {ese} hey!!!!!! I represent that remark!

[10:35] {Threei} represent? or resent? :)

[10:38] {ese} represent

[10:38] {ese} L mee .79

[10:38] {patel} WFC hated on us

[10:38] {Threei} sometimes it does that

[10:40] {wulff} still think down is the mode of the day

[10:40] {Threei} F Chief Economist: Sees Q4 production up q/q -CNBC (8.38, +0.05, 0.60%)

[10:40] {nemo} or flat

[10:40] {nemo} which means it'll be up big

[10:43] {ese} out mee .97 +.18

[10:44] {ese} this stock has been a nice litle source of income the last 2 weeks

[10:51] {ese} L CTSH .39

[10:54] {Threei} Long Setup: VRTX 37 break if stays above .90

[10:59] {ese} L CTSH avg price .36

[11:00] {Threei} touched on 1:1 but I am not sure it was possible to exit, I wasn't offering there

[11:00] {patel} u taking partials

[11:00] {Threei} I think so

[11:02] {Threei} (US) Sen Stabenow: Remains confident that vote on extension of Cash-For-Clunkers could come as soon as this Wednesday

[11:02] {Threei} - Extension is for the approval of additional $2B in funds

[11:02] {Threei} *Note: Stabenow is Senator from Michigan

06[11:04] * Threei kicks VRTX in the rear

[11:05] {Threei} 1:1

[11:05] {Threei} half out

[11:05] {Threei} scalpers are scalpers

[11:05] {Threei} pesky and annoying

[11:05] {Threei} (I know, I see on in the mirror every day)

[11:07] {ese} same with ctsh....it needs a good swft kick

[11:08] {patel} any targets threei

[11:08] {Threei} 1:2, 1/4 more out\

[11:09] {nemo} wfc

[11:09] {nemo} drats

[11:09] {Threei} last portion stop is still under 37

[11:09] {Threei} sheesh... let it go, new plays are there and make us money

[11:09] {Threei} there are 10,000 stocks

[11:10] {nemo} you sure?

[11:10] {Threei} what's with this dwelling on the past, next bus is always aaround the corner

[11:11] {Threei} okay, make your choice now, offer into 1:3 or trail the stop

[11:11] {Threei} if trail, do that when it tags .30

[11:11] {Threei} under the low of this pullback

[11:13] {Threei} ONTY lost its mind

[11:14] {ese} my goodness.....it's the ctsh water torture....can anything climb slower

[11:14] {Threei} stop to .15

[11:15] {Threei} 1:3 is here

[11:16] {ese} grrrrrrrrrrrrr

[11:16] {magoo} vad..was there news RIMM? yesterday..it was piece of shit on big green day

[11:17] {magoo} today..nopt 1 pullbk on red day

[11:17] {Threei} nope

[11:18] {Threei} I am out +.35

[11:18] {patel} nice trade. I kinda messed up and exited all instead of partials.

[11:19] {ese} thats vrtx right vad? how many shs did you do on that?

[11:19] {Threei} yes ese

[11:19] {Threei} anyone else traded it??

[11:19] {patel} i did

[11:19] {patel} 400 shares

[11:20] {nemo} missed it

[11:20] {fernp} missed

[11:31] {Threei} HGSI hard hit

[11:35] {BillyD} new news?

[11:35] {Threei} not that i see

[11:38] {BillyD} tough read

[11:40] {nemo} the rally continues

[11:40] {nemo} Captain Obvious strikes again!

[11:41] {Threei} let's modify ARUN

[11:41] {Threei} .25 break long trigger

[11:41] {Threei} a bit more aggressive entry

[11:47] {nemo} did the stop on arun change?

[11:47] {Threei} no

[11:47] {nemo} you sure?

[11:47] {nemo} hehehehe

[11:47] {Threei} you living dangerously today?

[11:48] {nemo} yeah, I'm in a mood

[11:49] {patel} VRTX almost at 38

[11:57] {Threei} *SEC TO REPORTEDLY BAN FLASH TRADES IN US - US SEN SCHUMER (D, NY)

[11:57] {Threei} - Schumer comments that SEC's Shapiro mentioned that the ban is 'imminent'

[11:58] {ese} what are flash trades?

[11:58] {Threei} irrelevant distraction

[11:58] {Threei} has to do with dark pools and huigh frequency trading

[11:58] {ese} boy you've lost me vad....dark pools?

[11:58] {Threei} hehe

[11:59] {ese} high frequency makes sense.....dark pools?

[11:59] {patience} that will cut volume

[11:59] {Threei} dark pools - pools of liquidity set by large institutional trading entities away from mainstream market

[11:59] {ese} ahhhhhhhh

[12:00] {Threei} high frequency trading - superfast executions done by computer programs,

[12:00] {Threei} mostly hunting very small price movements or even no mecements at all,

[12:00] {Threei} getting reward in a form of liquidity rebate

[12:00] {Threei} same as get with Laser

[12:00] {Threei} same as we get with Laser

[12:01] {Threei} now, sending "probing" orders into dark pools

[12:01] {Threei} trying to find liquidity there

[12:01] {Threei} based on FOK principle

[12:01] {ese} buying and selling within there own inventory of shares

[12:01] {Threei} (fill or kill)

[12:01] {Threei} where order is active for only milliseconds

[12:01] {ese} based on long time accumulation

[12:01] {Threei} and either getting filled or canceled immediately

[12:02] {Threei} became known as flash orders

[12:02] {Threei} Major concern about them is,

[12:03] {Threei} often they exploit inefficiency dangerously close to exploting information about order flow before aanyone else get a chance to see it.

[12:03] {Threei} It violates the idea of oreders being exposed to everyone at the same time

[12:03] {ese} i can see that

[12:04] {Threei} It remains an open question whether it's illegit frontrunning on privileged distribution of information

[12:04] {Threei} or legitimate using of higher speed by those who has access to higher speed

[12:04] {BillyD} collusion, price fixing, etc

[12:04] {BillyD} lol

[12:04] {BillyD} and justification

[12:04] {Threei} after all, if I have a cable and you have a phone modem, I will get information faster

[12:04] {Threei} and this will be totally legitimate advantage

[12:05] {Threei} There are claims out there that the system of information distribution is rigged

[12:06] {Threei} and this particular senator champions the idea of banning flash orders.

[12:06] {Threei} If he succeeds, fine... if not - fine too.. IMO{ this all is absolutely irelevant

[12:06] {nemo} He has to be hard on the financial industry considering his close ties to Wall Street

[12:06] {nemo} He was skewered during the initial stages of the debacle

[12:07] {nemo} It's like arun heard you call the change

[12:08] {nemo} RIMM gonna break through?

[12:09] {nemo} guess so

[12:18] {Threei} Just 16% of U.S. voters believe that tax increases help the economy

[12:18] {Threei} see, told you it's a mving target

[12:20] {ese} out CTSH .33 +.10 had averaged in from .11

[12:21] {Threei} what an unlikely mover... UAUA

[12:21] {nemo} yeah, on what, higher oil?

[12:22] {Threei} maybe they hired new spin doctor, more talented than old ones... so he proved higher oil is to their benefit

[12:23] {nemo} oh, they made money on their fuel hedges

[12:24] {Threei} (US) SEC: Exploring ways to eliminate the unfairness of flash orders (related XLF )

[12:24] {Threei} it's easy: mandate the same speed for all computers

[12:24] {Threei} mandate the same IQ for all programmers

[12:26] {Threei} somewhere down that road I see a decree mandating the same birthday for entire population - because it's unfair that some get to celebrate on nice summer day while ohers suffer in cold winter one

[12:26] {ese} look at GE

[12:26] {ese} can that carry on?

[12:38] {ese} now thats funny....everybody is an idler

[12:51] {patel} any opinion on KEY?

[12:51] {Threei} not by me

[12:52] {magoo} vad GGC

[12:52] {magoo} 30 points in 5 days

[12:53] {patel} thats what i'm talkinag bout magoo. LOL

[12:53] {Threei} GGC "No comment" on trading activity today (40.45, +16.50, 68.89%)

[12:53] {magoo} oh

[12:53] {patel} that think is flying

[12:53] {patel} thing

[12:53] {Threei} 30 Jul 2009 10:47 GGC Moody's raises ratings to B2 from Caa2 (3 notch increase); outlook stable

[12:53] {Threei}

[12:54] {Threei} a few news headlines on debt exchange before that

[12:55] {Threei} eBay Inc UPDATE: Silicon Alley Insider column this morning discussed rumors that Apple is working on a "PayPal Killer"

[12:55] {Threei} - article notes it could be expanded from iTunes payments which can already be used to buy some virtual and subscription goods in third-party iPhone applications.

[12:55] {Threei} how is it paypal killer

[12:56] {Threei} shrug

[12:57] {Threei} U.S. Treasury Secretary Timothy Geithner issued a stern warning punctuated with expletives to U.S. regulators to end turf battles and show support for President Barack Obama's plan to overhaul financial regulation, a person familiar with the situation said on Monday.

[12:57] {Threei} that's right Timmy, you tell them

[12:57] {Threei} with expletives

[12:57] {BillyD} lol

[12:58] {cosmo} i want to see indictments....

[12:58] {cosmo} but.... no matter

[12:58] {Threei} and don't puctuate with them - let it be expletives puncuated by routine words

[12:58] {Threei} Citing people familiar with the meeting, the newspaper also said that the Treasury Secretary used obscenities and took an aggressive stance in his dressing down of the regulators.

[12:59] {Threei} Spokespersons for the Fed, the SEC and the FDIC did not immediately return calls seeking comment.

[13:00] {Threei} I guess they were searching for the right words

[13:01] {Threei} the following somehow raises the image of Stalin in my mind... read it:

[13:01] {Threei} Mr. Obama in June unveiled a financial regulatory overhaul, sometimes called the biggest since the 1930s. Among other things, the plan would give the Fed added powers, award the government more power to break up troubled companies, and create a new agency to oversee consumer finance.

[13:01] {Threei} Many major banks and industry trade groups however have criticized the plan, as have some regulators wary that any redistribution of power would reduce their own.

[13:01] {Threei} Even though the regulators are viewed as independent of the White House, the Journal said Mr. Geithner told attendees that the administration and Congress set policy.

[13:01] {Threei} It also said the Treasury Secretary, without singling out officials, raised concerns about regulators who have questioned the wisdom of giving the Fed more power.

[13:04] {patel} AMTD break fo 19

[13:05] {patel} what ya think VAD?

[13:06] {Threei} two day's break... and JBE on intraday... overall, it's my kind of plays...

[13:06] {Threei} but today it just doesn't feel right

[13:26] {chiro} AMZN testing lows

[13:29] {ese} l fitb .01

[13:36] {_commaman} opinion, please on MMM long after.84?

[13:37] {ese} out fitb .08 +.07 20k

[13:37] {Threei} I doubt it, MMM

[13:37] {fernp} gj ese

[13:38] {Threei} more feels to me like little bounce before further drop

[13:38] {ese} tks

[13:39] {_commaman} thanks...

[13:42] {magoo} .

[13:51] {Threei} watching RIMM for bounce scalp

[13:52] {nemo} O.K. here's a wise-ass comment...why weren't you watching it for a short!

[13:52] {Threei} since you recognize it as such I may just as well refrain from answer

[13:54] {Threei} .40 long trigger if holding above .25

[13:54] {Threei} invalidated

[13:54] {ese} now that was an interesting runup in fitb

[13:55] {Threei} Senate Majority Leader Reid: There is "absolute unity" among Democrats in the Senate on healthcare

[13:55] {nemo} did his nose grow?

[13:55] {Threei} RIMM .20 long if holding above .05

[13:56] {Threei} no go

[13:57] {nemo} gonna' need market help maybe

[13:57] {Threei} market really dislikes this "absolute unity"

[13:57] {ese} market news of any kind? qqqq's just tanking

[13:57] {fernp} any news Vad?

[13:57] {Threei} only this healthcare thing

[13:57] {ese} absolute unity comment

[14:00] {cosmo} lemings unite

[14:06] {Threei} Long Setup: SRS .60 break if holding above .50

[14:07] {Threei} this is in fact short the market play

[14:07] {Threei} and it starts feeling like we are to get nice downdraft today

[14:07] {Threei} so not a scalp for me

[14:07] {magoo} in

[14:10] {nemo} scalp stop .55?

[14:12] {Threei} no

[14:12] {Threei} there is no support there

[14:13] {ese} general sense of the market last few days vad.......ya got one.....feeling toppy to me

[14:14] {Threei} pretty much

[14:14] {Threei} but timing of exact top is umm

[14:14] {Threei} no worky SRS

[14:14] {Threei} shrug

[14:14] {Threei} idiotic day so far

[14:14] {ese} yes indeed

[14:18] {nemo} wow, SRS just tickled the stop

[14:18] {Threei} if that turns to be a shakeout too, I give up - world IS unfair

[14:19] {nemo} yeah we need Obama to fix it

[14:22] {cosmo} CTSH waits patiently

[14:26] {ese} patel you there......just saw your dcc ....just replied...sorry about that

[14:29] {magoo} ami hear?

[14:29] {magoo} whole system tankage

[14:29] {nemo} I don't know can ami hear?

[14:31] {cosmo} CTSH tests possible 33.58 pivot

[14:31] {cosmo} fwiw

[14:37] {ese} patel....PAtel.........PATEL!!!!!!!!! where are ya man

[14:38] {nemo} think it's short for patella?

[14:40] {ese} you mean Nutella...........no wait.....thats the chocolate treat

[14:40] {ese} L mee .10

[14:40] {nemo} that stuff is goood

[14:44] {ese} out .15 +.05

[14:45] {magoo} RICHHHHHHHHHHH

[14:46] {magoo} was short GGC 45 .16

[14:46] {magoo} covered .36.28

[14:46] {magoo} DIONOT TRY THIS

[14:48] {magoo} had heart attack doing it+8.88

[14:48] {magoo} my computer even crashed

[14:48] {magoo} was freakin out..smashed all dinos stuff\

[14:48] {BillyD} feel better now

[14:48] {BillyD} just tell dino it was worth 8 pts

[14:49] {ese} mags your hilarious!!!

[14:50] {ese} ya i agree with billy.....8pts is worth the distruction of the computer

[14:50] {ese} definetly

[14:51] {nemo} great, he'll come in Monday to trade, especially after the month he had, and find his stuff trashed.

[14:51] {ese} thats even funnier

[15:04] {dptl} have a good evening all

[15:05] {ese} l mee .04

[15:06] {magoo} yea..then im dead, ill take monday off i think..i had 800 shares

[15:06] {nemo} what was your stop .00

[15:06] {magoo} my biggest of year score

[15:06] {Threei} take care dp

[15:06] {nemo} ese stop

[15:06] {magoo} BUT IM NOT BUYING HIM A COMPUTER..just the duct tape

[15:07] {Threei} lol

[15:07] {magoo} why smash my stuff? ive learned that lesson

[15:07] {BillyD} rflol

[15:08] {ese} out mee .13 + .09

[15:08] {magoo} u know..im working hard..hes drinkin and golfing..why should my computer be smashed?

[15:09] {ese} sorry nemo.......was concentrating on it too much to reply would have been .99 though

[15:09] {magoo} hey vad, u edit this stuff right?

[15:09] {Threei} nope

[15:09] {magoo} oh oh

[15:10] {nemo} Yeah, I just copy/pasted it for Dino

[15:11] {ese} i'm burnt.........anyone who says this is not stressfull need a good swift kick in the nats.....

[15:11] {Threei} ummm

[15:11] {Threei} that would be me... and I am not delighted by the idea {G}

[15:12] {ese} this is not stressful to you vad?........heck of alot of concentration has to go on here.....at least from my point of view

[15:12] {Threei} do it day after day full time for 13 years

[15:13] {Threei} then tell me if it's still stressful to you :)

[15:13] {magoo} i find it very stressful and tiring eses

[15:13] {ese} your amazng for sure........

[15:13] {Threei} magoo doesn't count

[15:13] {Threei} he just loves stress

[15:13] {Threei} if he doesn't find it he creates it

[15:14] {ese} not one bit....teenee weenee bit of stress?

[15:14] {Threei} just as much as normal man needs to get creative juices going

[15:14] {Threei} but nothing of devastating kind

[15:15] {Threei} you know... sweating palms

[15:15] {Threei} hightened heart rate

[15:15] {Threei} breaking up voice

[15:15] {Threei} etc :)

[15:16] {Threei} you are not stone cold when you perfomr on the scene, right?

[15:16] {ese} ya no i get ya........but the concentration factor is huge i find

[15:16] {Threei} you are jazzed up

06[15:16] * magoo slaps Threei around a bit with a large trout

[15:16] {ese} true

[15:16] {Threei} but not stressed out

[15:16] {ese} Ok......i see where your going with this

[15:16] {Threei} and you ARE concentrated, in a way

[15:17] {ese} yup

[15:17] {Threei} same here...

06[15:17] * magoo slaps Threei around a bit with a large trout

[15:17] {Threei} sigh

[15:17] {magoo} f tankage

[15:17] {ese} hmmmmmmm........OK.....I'lll try that shot or 2 of vodka as well

[15:18] {magoo} i do drink dinos booze while hes away lol

[15:19] {ese} ha ha ha..........

[15:26] {magoo} any read rimm here vad?

[15:26] {magoo} i thinking short

[15:26] {Threei} .50 break...

[15:26] {Threei} hard to tell mags, I am off today

[15:26] {magoo} see..i think mkts going down

[15:26] {Threei} so trying not to push it

[15:26] {magoo} ok

[15:27] {Threei} well, I thought so too

[15:27] {Threei} didn't materialize

[15:27] {magoo} oh yeah..the srs

[15:28] {ese} gotta go all....see you all tomorow

[15:28] {fernp} bye ese

[15:28] {magoo} WAITTTTTTTTT

06[15:28] * magoo slaps ese around a bit with a large trout

[15:28] {Threei} take care ese

[15:28] {ese} what!!!!!

[15:29] {ese} see ya mags

[15:29] {ese} vad

[15:34] {chiro} rimm

[15:34] {chiro} sry...wrng window

[15:37] {Threei} Short Setup: WFC .30 break

[15:38] {Threei} last attemot to repair the day

[15:38] {magoo} u confident}?

[15:39] {jfjf64} good afternoon all

[15:39] {Threei} hmm?

[15:39] {Threei} hey jf

[15:39] {Threei} about what mags?

[15:39] {fernp} stop Vad?

[15:40] {Threei} above .40

[15:40] {magoo} huh?

[15:40] {jfjf64} this wfc will be my 1st trade all in boss

[15:40] {jfjf64} in .28

[15:41] {nemo} in .29

[15:41] {magoo} in .32

[15:41] {Threei} if it doesn't work, I am off to monastery

[15:41] {nemo} you mean

[15:41] {nemo} nunnery

[15:41] {Threei} for the next 5 years

[15:41] {Threei} but the trip itself should be short enough so Iam ready to trade tomorrow morning

[15:42] {nemo} where.s the stop

[15:42] {jfjf64} i will not ask how day was

[15:42] {Threei} [15:40] {Threei} above .40

[15:42] {nemo} ?

[15:42] {Threei} why not jf?

[15:42] {fernp} no short inventory here

[15:43] {Threei} looks like good thing in this case fern, lol

[15:43] {jfjf64} with ya goin to nunnery hope was good

[15:43] {fernp} u think?

[15:44] {Threei} VZ) Venezuela Pres Chavez: Evaluating the expropriation of some coffee companies

[15:44] {Threei} - Aiming to continue to nationalize 'monopolies'

[15:44] {Threei} related GMCR USD/VEF SBUX USD/COP

[15:49] {Threei} die WFC

[15:49] {Threei} you have just 10 min to go to 25

[15:49] {jfjf64} getin ready too

[15:49] {magoo} thought we were gonna lose u big guy

[15:49] {Threei} although 24 would be better

[15:50] {jfjf64} met l .50 break

[15:51] {Threei} what can I say

[15:52] {Threei} qwhen things don't work, they just don't

[15:52] {jfjf64} 1/1 met

[15:53] {Threei} okay guys, talk to you tomorrow morning from the monastery

[15:53] {Threei} have a good evening

[15:53] {jfjf64} leavin stop at .41 till close

[15:53] {fernp} lol

[15:53] {fernp} good nite all

[15:53] {jfjf64} half out

[15:53] {magoo} bye vad

[15:54] {jfjf64} later vad

[15:55] {jfjf64} 1/4 out

[15:56] {jfjf64} last piece stop at .65

[15:58] {jfjf64} ya go met

[15:58] {jfjf64} stop to .75 lasst 1/4

[15:59] {jfjf64} done

[15:59] {jfjf64} good night all

Aug 03 2009

Week started nicely with steady and safe profits. WFC short, CAT long, HIG two-sided setup that triggered on a long side and worked, F short that took a lot of patience but finally worked out... what else does one need from Monday.

Session Time: Mon Aug 03 00:00:00 2009

[08:05] {nemo} market left without us

[08:37] {Threei} KERX Announces Agreement with FDA on a Special Protocol Assessment for Phase 3 Trial of KRX-0401 (Perifosine) in the Treatment of Multiple Myeloma

[08:38] {BillyD} GM Vad

[08:38] {Threei} Billy :)

[08:52] {magoo} morning

[08:53] {Threei} magoo

[08:53] {magoo} what we watching pre vad?

[08:53] {Threei} kind of everything

[08:53] {Threei} KERX

[08:54] {Threei} WFC

[08:54] {Threei} AUY

[08:54] {Threei} SLW

[08:54] {magoo} u see HURN down 32?

[08:55] {Threei} yes but I considcer it hallucination

[08:56] {Threei} Huron Consulting Group Guides Q2 R$164-166M v $174.7Me, FY09 R $650-680M v $732Me; James Roth named CEO

[08:56] {Threei} - Company to restate financial statements for the fiscal years 2006, 2007 and 2008 and Q1 2009.

[08:56] {Threei} to correct the Companys accounting for certain acquisition-related payments received by the sellers in connection with the sale of certain acquired businesses that were subsequently redistributed among themselves and to other select Huron employees. As a result, the historical financial statements for these periods should no longer be relied upon. The restatement items are non-cash charges with a total estimated impact on net income and EBITDA for all restated periods of $57 million.

[08:57] {Threei} It recently came to the attention of the Audit Committee of the Board of Directors that, in connection with one of these acquisitions, the selling shareholders had an agreement among themselves to reallocate a portion of the earn-out payments to an employee of the Company who was not a selling shareholder. Following this discovery, the Audit Committee commenced an inquiry into the relevant facts and circumstances of all of the Companys prior acquisitions to determine if similar situations existed.

[08:57] {Threei} stockholder nightmare

[08:58] {magoo} yea...but 33 points?u think its got a bounce in it?

[08:58] {Threei} thgis is one of those cases that can proceed even lower no matter how far it drops

[08:59] {Threei} will bounce of course

[08:59] {Threei} matter of readability...

[08:59] {Threei} how's that for laughter:

[08:59] {Threei} HURN Oppenheimer Cuts HURN to Underperform from Outperform, price target: $60

[09:00] {magoo} i want that guys job!!!!!

[09:09] {Threei} I've seen this before

[09:10] {Threei} this is not just "gap down"

[09:10] {Threei} this is devastation

[09:10] {magoo} what u think? goin o 5 bux

[09:10] {Threei} stock holders all over the intyernet scream about how unfair to the stock it is and how it's worth much more and how it's going to be back in no time

[09:11] {Threei} and how they buy all they can

[09:11] {magoo} so whos selling then?

[09:11] {magoo} mutuals?

[09:11] {magoo} hedgies?

[09:11] {Threei} and hbow evil market makers shake out weak hands while buyong all they can,

[09:12] {Threei} and how they hold it down so friends and family can load the tracks

[09:12] {dptl} good morning all

[09:13] {Threei} dp :")

[09:13] {fernp} good morning everybody

[09:13] {Threei} fern :)

[09:26] {jfjf64} mornin all my trading crazies

[09:26] {nemo} pot calling the kettle black

[09:26] {Threei} morning jf... but why are you addressing magoo in plural?

[09:27] {jfjf64} lol

[09:27] {jfjf64} lets hit em fast today vad going out on boat

[09:29] {Threei} sounds good, ecept in my experiwence, when you try to hit'e, fast, 'dey hit back even faster

[09:29] {nemo} can only hunt what's there

[09:30] {BillyD} Art of War

[09:31] {Threei} Long Setup: TWNT .25 break if stays above .15

[09:31] {Threei} TQNT

[09:33] {Threei} for hardcore scalpers, if stays above .20

[09:33] {jfjf64} bac.35 break

[09:35] {jfjf64} bac invalid here

[09:36] {Threei} WFC looks stronger so far

[09:36] {nemo} mmmhhh...25 looks like the resistance for tqnt...look at that huge offer again

[09:37] {nemo} and @ .29

[09:37] {jfjf64} .81 trigger F long

[09:39] {Threei} ESLR Hearing vague takeover chatter circulating in name (2.19, +0.09, 4.29%)

[09:40] {jfjf64} buy them clunkers

[09:40] {nemo} stopped tqnt

[09:40] {Threei} no worky TQNT

[09:41] {Threei} Short Setup: WFC .14

[09:41] {Threei} if stays under .21

[09:42] {Threei} under .20

[09:42] {jfjf64} in .13

[09:43] {Threei} 1:1

[09:43] {Threei} feel free to cover

[09:43] {BillyD} ty Vad

[09:44] {jfjf64} ty vadd

[09:44] {patel} ty vadd

[09:46] {Threei} Long Setup: CAT .50 if stays above .35

[09:47] {jfjf64} i hate ya F

[09:47] {jfjf64} IN .51

[09:47] {Threei} {F} and here I am, trying to be the best of your car manufacturers... :(

[09:49] {jfjf64} meow lets go

[09:49] {jfjf64} 1/1 ty vadd

[09:50] {fernp} HIG vad? Double bottom?

[09:50] {Threei} if market helps, pretty much

[09:50] {nemo} need market help

[09:50] {Threei} Long Setup: HIG .83 if stays above .70

[09:51] {Threei} Short Setup: HIG .70 break if stays below .82

[09:51] {jfjf64} ya sittinn cat sold half

[09:51] {Threei} how about that? :)

[09:53] {jfjf64} in .84

[09:53] {Threei} CAT 1:1

[09:53] {Threei} and over

[09:54] {jfjf64} out cat ty

[09:55] {jfjf64} svnt l .95 break

[09:57] {jfjf64} 1/1 more

[09:57] {jfjf64} half out

[09:58] {jfjf64} stop to .15

[09:59] {jfjf64} 1/4 out .35

[09:59] {jfjf64} done

[09:59] {magoo} out CAT .89 TY boss

[10:00] {BillyD} out HIG ty

[10:00] {nemo} ism report vad?

[10:01] {Threei} JULY ISM MANUFACTURING: 48.9 V 46.5E

[10:01] {Threei} **Sub Indices:

[10:01] {Threei} - Prices paid: 55 v 50.0 prior

[10:01] {Threei} - Employment Index: 45.6 v 40.7 prior

[10:02] {jfjf64} .55 break agen

[10:03] {nemo} what's your stop jf .40?

[10:03] {jfjf64} yes

[10:04] {nemo} .56 has huge order too

[10:05] {jfjf64} see

[10:06] {magoo} rewad on RIMM vad?

[10:07] {Threei} .40 break

[10:07] {Threei} with stop under whatever low it puts ikn before breaking, and invalidation under .20

[10:07] {Threei} invalidated

[10:08] {jfjf64} later agen

[10:09] {jfjf64} vad any read osk pullbk can ya find trigger for bounce

[10:10] {Threei} not really

[10:10] {Threei} F.IT Chrylser US Sales down less than 10% - unconfirmed report

[10:11] {Threei} Preview: July US Vehicle Sales numbers expected throughout the day from major auto makers

[10:11] {Threei} **consensus estimates (adjusted):

[10:11] {Threei} - Ford: -6%e (usually released at Noon ET, but today expected at 11amET).

[10:11] {Threei} - GM: -24%e (usually released around 1:45pmET).

[10:11] {Threei} - Chrysler: -33%e

[10:11] {Threei} - HMC: -19%e

[10:11] {Threei} - TM: -20%e

[10:11] {Threei} - NSANY: -29%e

[10:11] {jfjf64} cof c/h??

[10:12] {Threei} .60 break is interesting

[10:13] {jfjf64} ty

[10:13] {jfjf64} vol pk up

[10:13] {jfjf64} in

[10:14] {Threei} half out here

[10:14] {jfjf64} 1/1 ty

[10:14] {jfjf64} all out

[10:15] {jfjf64} +11 +4

[10:15] {jfjf64} tyvad

[10:15] {Threei} sure

[10:23] {jfjf64} fcx .95 break half lot

[10:24] {jfjf64} 25 cent stop

[10:25] {jfjf64} im still valid

[10:25] {nemo} trade, or personally?

[10:26] {BillyD} CAT is strong

[10:30] {magoo} CAT animal..excuse pum

[10:30] {Threei} *S&P500 INDEX MOVES ABOVE 1,000 MARK FOR THE FIRST TIME SINCE NOV 5, 2008

[10:30] {Threei} - Note that the S&P500 closed at 1005.75 on Nov 4, the day President Obama was elected.

[10:31] {Threei} and their point is?...

[10:31] {Threei} anyone is free to read whatever they want in that

[10:31] {jfjf64} 1/1 fcx

[10:32] {Threei} his fans will say market has shown confidence in him by returning to those highs

[10:32] {BillyD} looking at ANDS possible short off .75

[10:32] {jfjf64} stop .15

[10:32] {Threei} his foes will say market went up despite

[10:32] {jfjf64} out

[10:40] {jfjf64} later guys enjoy goin on da boat

[10:40] {Threei} take care jf

[10:40] {ese} Hi all.....Symphony Splash here yesterday.....just got up

[10:40] {Threei} ese :)

[10:40] {Threei} how did it go?

[10:41] {ese} fantastic.....the kids were just great....super show

[10:41] {Threei} :)

[10:41] {ese} anything happening in the market

[10:43] {Threei} gap up... morning movements... quieter now

[10:43] {ese} not to mention that my band parents and I had a room in the Empress Hotel with and amazing view....and we were drinking heavily

[10:44] {patel} how does TC look?

[10:45] {ese} TC ?

[10:45] {patel} Thompson Creek Metals (tick: TC)

[10:45] {ese} ahhhhhhhh

[10:46] {Threei} forms triangle for a break...

[10:47] {Threei} whether it ge4ts markert help for that is the question

[10:53] {magoo} any read HURN vad?

[10:54] {Threei} not really

[10:55] {magoo} how about RIMM?

[10:56] {Threei} rather short than long

[10:56] {Threei} but not enough confidence for the call

[11:00] {Threei} F Reports July vehicles sales 165K, +2.3% v -2%e (unadjusted) (8.61, +0.61, 7.63%)

[11:02] {magoo} any read CAT vad?

[11:02] {Threei} shrug

[11:03] {Threei} Short Setup: F .5 if stays under .60

[11:05] {fernp} no avalible here grrrrrrrrr

[11:06] {Threei} HURN Hearing defended at UBS (timing uncertain) (14.28, -30.07, -67.80%)

[11:09] {Threei} F if works, probably more than scalp

[11:10] {chiro} target on F?

[11:10] {chiro} ty

[11:10] {nemo} look at the gap

[11:10] {magoo} prob .25 area IF IF worx

[11:10] {Threei} hard to tell about ultimate target, going to partial as usual and see how it trades

[11:11] {magoo} jazz

[11:11] {magoo} rip

[11:12] {Threei} on no news again

[11:14] {wulff} seems like a day that the opposite always happens

[11:16] {Threei} guess who is coming on TV

[11:16] {BillyD} lol

[11:23] {ese} L KEY . .20

[11:26] {Threei} GM Reportedly could require additional layoffs to hourly workers - unconfirmed report

[11:26] {Threei} why, we will just send 10 more B o them

[11:39] {patel} come on F

[11:43] {Threei} {F} as a last standing US car manufacturer, I'll reserve right to drop on my own schedule

[11:45] {ese} L mee .10

[11:51] {Threei} keeping an eye on LVS

[12:00] {Threei} CIT Halted: news pending (0.84, -0.03, -3.39%) (related XLF )

[12:01] {ese} out mee .21 +.11

[12:03] {Threei} (US) Study concludes that by 2030 the US will need 45 new nuclear reactors, to cut emissions by 8% - industry sponsored study on emissions

[12:04] {patel} read on F is still the same correct

[12:04] {Threei} nothing changed really

[12:04] {BillyD} except time

[12:05] {magoo} and mkts powers up

[12:05] {BillyD} true, probably only thing holding F up

[12:05] {magoo} if mkthad fell..it was golden, but'

[12:11] {ese} out KEY .31 +.11

[12:15] {Threei} CIT CIT Announces Amendment of Tender Offer and Interim Tender Results

[12:15] {Threei} with the consent of the lenders steering committee for its recently announced $3B secured credit facility, it has amended its pending tender offer for its $1B of Floating Rate Senior Notes due August 17, 2009

[12:15] {Threei} - As a result of the amendment, holders of all Notes tendered prior to the expiration date at midnight, New York City time, at the end of Friday, August 14, 2009, will receive the amended purchase price of $875 in cash per $1,000 principal amount of Notes, as total consideration in the Offer. Previously, the purchase price, which included an early delivery payment, was $825 per $1,000 principal amount of Notes.

[12:18] {Threei} grrr

[12:18] {Threei} slept through LVS break

[12:20] {Threei} (US) Obama Administration: Half of cars bough under "cash for clunkers" have been bought from big three automakers, Ford Focus is the top seller

[12:20] {Threei} - So far 83% of trade-ins are trucks

[12:20] {Threei} - Models being purchased under the program average a 61% increase in fuel economy over trade ins.

[12:29] {Threei} Bank of America Corp Reportedly SEC to files lawsuit over alleged false statements in proxy statement for Merrill Lynch acquisition

[12:29] {Threei} - suit filed in federal court in New York.

[12:30] {Threei} wow

[12:34] {BillyD} HIG short if stays under .30 and breaks .20

[12:34] {Threei} looks right

[12:35] {nemo} mee kept going ese

[12:35] {ese} did it ever

[12:36] {ese} ah well........there'll be more where that came from.

[12:38] {ese} have to sign off everyone.......have another show today at noon.......St Anns Academy Vad.....was a nunery at one time....great place to take pictures and they say that it's haunted....a nun burried under each of the apple trees on the grounds.

[12:38] {nemo} break a hip ese

[12:38] {ese} tks

[12:38] {Threei} take care ese :)

[12:38] {ese} see ya

[12:38] {nemo} I had a comment, but don't want to give Vad the extra editing work

[12:38] {Threei} thank you

06[12:39] * Threei shudders just imagining that comment that gave pause even to nemo

[12:40] {magoo} no brainer..i shorted .40 covered .90 millions ofg shares

[12:44] {magoo} resh .15

[12:44] {magoo} RISKY

[12:44] {Threei} whatcha talking about mags?

[12:45] {magoo} BAC

[12:45] {Threei} ahh

[12:45] {Threei} you think we read your mind or what

[12:45] {magoo} out

[12:45] {magoo} too fast sorry

[12:46] {Threei} interestinbg that it stayed up there for 4-5 minutes after news

[12:46] {magoo} could really dump vad, ltswatch

[12:49] {magoo} RIMM should take 77...

[12:50] {BillyD} HIG stopped -.13

[13:00] {magoo} RIMM

[13:03] {magoo} lies..lies...lies...that thing should not be going up..BAC

[13:03] {Threei} BAC Reportedly settles SEC inquiry for $33M (15.42, +0.63, 4.26%)

[13:07] {Threei} quite quick turnaround of news on BAC

[13:07] {Threei} they got sued today and sxetlled today?

[13:07] {magoo} i think short but not in

[13:07] {BillyD} no kidding, I shorted into the bounce at .28 and stopped .31

[13:07] {Threei} you made a good trade on it

[13:08] {Threei} practically killing in temrs of this stock movement

[13:08] {magoo} yea..

[13:08] {Threei} 50 cents for it is a fantastic profit, especially considering it allows good shares size

[13:08] {magoo} sh .40

[13:08] {Threei} so... just leave it alone now

[13:08] {Threei} lest it turns into well visitred all too often

[13:09] {Threei} and you, Ford... will you die finally?

[13:11] {Threei} 7261.JP Reports US July sales at 19.03K; -15.1% y/y

[13:11] {Threei} that's Mazda

[13:11] {Threei} about F:

[13:12] {Threei} we had nicely profitable morning,

[13:12] {Threei} here is what I suggest you do with this position

[13:12] {Threei} if the way you managed your trades in the morning leaves you enough room to afford this one if it stops us out, keep it

[13:13] {Threei} if this stop will eliminate your profits, scratch it here

[13:13] {Threei} it's at breakeven, no harm done

[13:13] {Threei} makes sense?

[13:13] {Threei} F.IT Chrylser reports July vehicles sales 88.9K units; -9% v -29%e (unadjusted)

[13:15] {Threei} since you all seem to fall asleep, I will be back in 20

[13:19] {magoo} out sh bac flat

[13:20] {magoo} scarin me

[13:22] {magoo} rimm 77

[13:30] {wulff} gracious, CTRP

[13:32] {Threei} (US) White House Press Sec: There is no doubt "several hundred thousand" more jobs will be lost in US economy (related EUR/USD TLT SHY )

[13:40] {patel} New car sales number come out at 2 right

[13:42] {Threei} GM should be next

[13:42] {Threei} 1:45 usually

[13:56] {Threei} GM Reports July vehicles sales 189K units, -19% v -20%e (unadjusted)

[13:56] {Threei} - July production 102K units (39K cars, 63K trucks); -57% y/y

[13:56] {Threei} - Q3 production forecast at 535K ...more...

[13:56] {Threei} NSANY Reports July vehicles sales -24.6% v -25%e (unadjusted) (15.46, +0.97, 6.69%)

[13:57] {Threei} Short Setup: WFC .50 if stays under .60

[14:06] {Threei} invalidated, and as usually lately, fade would have worked

[14:07] {fernp} true

[14:09] {Threei} 7269.JP Reports US July sales at 3.K; -57% y/y

[14:09] {Threei} Suzuki, in case you don't recognize those cryptic names

[14:10] {Threei} 012330.KS Reports July US sales +12%

[14:10] {Threei} Hyundai, lol

[14:10] {BillyD} ONTY some buying

[14:11] {Threei} BMW.GE Reports US July sales at 21.25K; -27% y/y

[14:14] {patel} has Ford reported yet

[14:14] {Threei} long ago

[14:15] {Threei} [11:00] {Alert} Threei F Reports July vehicles sales 165K, +2.3% v -2%e (unadjusted) (8.61, +0.61, 7.63%)

[14:16] {magoo} in a place far far away

[14:16] {nemo} place or galaxy?

[14:24] {Threei} Long Setup: ADBE 33 break if holding above .90

[14:25] {Threei} .95 would be aggressive entry if you want tyo save a few cents

[14:25] {Threei} with usual tradeoff

[14:25] {magoo} full?

[14:25] {Threei} sure

[14:26] {nemo} How do we set up alerts on specific phrases in mirc? I seem to have set it up not to make a sound, an I forgot how I did it. (I feel like Magoo)

[14:27] {Threei} via Highlight

[14:27] {nemo} what menu?

[14:27] {patel} right click on Threei then info

[14:27] {patel} then highlight

[14:29] {Threei} Toyota Motor Corp Reports July vehicles sales at 174.8K, -11.4% v -16%e (unadjusted)

[14:29] {Threei} - President: "Beyond the tangible economic stimulus, the positive environmental benefits of the CARS program is clear to see, The program is achieving its goal of increasing fuel efficiency. CARS-related Toyota sales, over the seven days alone, will save customers an estimated 8 million gallons of gas and 20 million dollars in gas spending over the next year."

[14:30] {nemo} there is no highlight under any of the fueatures whe I right click on Vad

[14:30] {patel} Right click on Threei

[14:30] {patel} then select INFO

[14:30] {patel} then click on Highlight

[14:30] {Threei} invaliadetd ADBE

[14:30] {nemo} don't have it

[14:30] {Threei} different MIRC version...

[14:31] {patel} i am using V 6.35

[14:31] {nemo} me too, oh oh

06[14:33] * nemo slaps Threei around a bit with a large daytrading course

[14:34] {nemo} that was by accident

[14:34] {Threei} sure

[14:34] {nemo} I'm looking for that frickin' feature

06[14:34] * Threei slaps nemo around a bit with a large accident that was waiting to happen

03[14:35] * Looking up nemo user info...

[14:35] {Threei} right click - Ucentral

[14:35] {Threei} dfo you have that?

03[14:35] * Looking up nemo user info...

[14:36] {nemo} there it is

[14:36] {Threei} last button is highlight

[14:37] {nemo} yep, got it. I just forgot where it was

[14:37] {nemo} thanky...Now I'm off for the day P&Q

[14:37] {Threei} I spent 2 minutes looking for it, at my going rate you owe me $16.66

[14:38] {nemo} How 'bout I take you off my DPWFL, or at least put your name in pencil?

[14:38] {Threei} nah, I'll take my chances

[14:42] {Threei} question of the day:

[14:42] {Threei} is today's afternoon more boring that Friday's was or less?

[14:43] {BillyD} tie

[14:43] {Threei} okay, lol

[14:43] {Threei} you take easy way out

[14:43] {BillyD} too much thought...lol

[14:43] {wulff} Are we ending Green?

[14:43] {Threei} most likely

[14:44] {Threei} even though gain is not that big presently so it couldn't get reversed quickly, I doubt that's in cards

[14:45] {Threei} hmm

[14:45] {wulff} would really like to see some down days

[14:45] {Threei} % of idiots is a moving target...

[14:45] {Threei} Seventy-six percent (76%) of U.S. voters now think President Obama is at least somewhat liberal. Forty-eight percent (48%) say he is very liberal

[14:46] {Threei} okay, so far, so good

[14:46] {Threei} now:

[14:46] {Threei} Seventeen percent (17%) of voters say the president is moderate, while only six percent (6%) believe he is conservative.

[14:46] {Threei} so it's 6% now

[14:46] {Threei} lat week something like 18 perents thought we need another stimulus package right now

[14:46] {Threei} so I am lost about exact % of idiots

[14:47] {wulff} the meeting is next monday

[14:49] {dptl} ok.....have a good evening all :)

[14:49] {Threei} take care dp

[14:59] {Threei} US Govt to adjust the "Hope for Homeowners' program with goals for re-launch in early September (related XHB XLF )

[15:00] {Threei} US Treasury quarterly borrowing needs: Cuts estimate from $515B; sees requiring $406B

[15:01] {BillyD} ONTY 6.20 trigger imo

[15:01] {BillyD} take a look vad

[15:02] {Threei} valid play... I wish stop would be closer

[15:02] {BillyD} agree

[15:04] {patel} anyone still in F

[15:04] {patel} i am

[15:05] {Threei} yup

[15:05] {patel} are u looking for partials

[15:05] {Threei} well, originally yes but now time becomes a consideration as well, we are closer and closer to eod

[15:05] {Threei} and I am not going to take it overnight

[15:11] {patel} yeah

[15:12] {patel} defiintiely not

[15:15] {Threei} Castro says abandoning communism is not on the table

[15:15] {magoo} rimm short vad?

[15:15] {Threei} I guess because it worked so wonderfully for them

[15:15] {BillyD} well, for him

[15:15] {Threei} lol

[15:15] {wulff} already there Magoo

[15:15] {Threei} .60 break...

[15:16] {Threei} it's a valid play

[15:16] {Threei} my concern is,

[15:16] {Threei} pushing plays at this time of the day mostly cost us early made profits

[15:16] {Threei} so, if you feel you really like it, take half lot

[15:26] {patel} F is going to take us to the last minute

[15:27] {Threei} market experiences sudden spasm of happiness

[15:28] {Threei} or it's just gas

[15:30] {Threei} Market Internals update at 3:30pmET

[15:30] {Threei} - NYSE volume 885M shares, about even to its three-month average; advancers lead decliners by 5.2:1.

[15:30] {Threei} - NASDAQ volume 1.82B shares, about 1% below its three-month average; advancers lead decliners by 2.1:1.

[15:30] {Threei} - VIX index flat on the day at just under 26.00

[15:34] {Threei} guess what

[15:34] {patel} 1:1

[15:34] {Threei} F over 1:1

[15:34] {Threei} cover half

[15:35] {Threei} or take scalp

[15:35] {patel} same here

[15:35] {patel} i covered half

[15:35] {wulff} +.30 RIMM

[15:35] {Threei} 25 min left

[15:37] {Threei} bidding 1/4 more .32

[15:37] {Threei} stop to above .50

[15:38] {Threei} RIMM short hit 1:1 too

[15:46] {Threei} 1/4 more out

[15:46] {Threei} stop to above .40

[15:46] {Threei} bidding last piece at .24

[15:52] {Threei} your ONTY Billy

[15:52] {BillyD} missed it gr

[15:59] {Threei} okay

[15:59] {Threei} covering last portion here

[15:59] {Threei} .33

[16:00] {BillyD} nice patience

[16:00] {Threei} plus deep coma

[16:00] {Threei} nice start for the week

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

[16:00] {BillyD} you lost me on it a long time ago with scratch

[16:00] {Threei} see you tomorrow

[16:00] {fernp} good nite all

[16:00] {patel} good ngiht

[16:00] {patel} and thanks for F

[16:00] {patel} patience paid off

Jul 31 2009

The day started well with LVS and WFC shorts. Then a few stops albeit small took us back to about even. RIMM scal near close returned day into slightly positive territory but really, whole day's affair was not even worth the effort. Summer Friday...

Session Time: Fri Jul 31 00:00:00 2009

[08:12] {Threei} Preview: Q2 Advanced GDP Annualized and Personal Consumption due at 8:30 am

[08:12] {Threei} - GDP Annualized: -1.5%e v -5.5% prior quarter (Analyst range from -2.9% to -+0.7%)

[08:12] {Threei} - Personal Consumption: -0.5%e v +1.4% prior quarter (Analyst range from -1.0% to +1.3%)

[08:30] {Threei} *Q2 ADVANCED GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.2% V -0.5%E

[08:30] {Threei} *Q2 EMPLOYMENT COST INDEX: 0.4% V 0.3%E

[08:30] {Threei} Q2 ADVANCE GDP PRICE INDEX: 0.2% V 1.0%E; CORE PCE Q/Q: 2.0% V 2.3%E

[08:31] {Threei} *(CA) CANADA MAY GROSS DOMESTIC PRODUCT M/M: -0.5% V -0.3%E

[08:37] {BillyD} morning Vad

[08:37] {Threei} Billy :)

[09:04] {BillyD} .

[09:04] {cosmo} good point

[09:04] {Threei} don't even think about ruining our sleep on Friday

[09:04] {Threei} but yeah, excellent point

[09:05] {BillyD} my bad :(

[09:05] {Threei} well timed too

[09:05] {cosmo} yea... i almost had to make the point ....thx BD

[09:07] {cosmo} solars not happy it seems

[09:11] {fernp} good morning everybody

[09:11] {ese} good morning

[09:11] {ese} morning fern

[09:11] {Threei} fern, ese :)

[09:12] {ese} morning vad

[09:12] {Threei} strangest thing happened yesterday ese

[09:12] {fernp} thanks for email, Vad

[09:13] {Threei} sure :)

[09:14] {Threei} temperature ebverywhere I drive (and I had some extensive driving yesterday, freom Ogden point to Langford) was around 25-28C, and up to 33C in Langford,

[09:14] {Threei} while in my area it stayed nice and cool - 22-23

[09:15] {Threei} crossing Island View, you could see temperature on the display in the car dropping right before your very eyes by 5C

[09:15] {BillyD} it's your own little twilight zone vad

[09:15] {Threei} no kidding

[09:16] {Threei} my guests from San Diego begged for days for the relief from the heat,

[09:16] {BillyD} maybe Al Gors said: no global warming for Vad because he doesn't believe

[09:16] {BillyD} Gore

[09:16] {Threei} they commented yesterday that my house is located strategically very well, lol

[09:17] {cosmo} so ...san diegans can't take the heat ... i concur

[09:17] {Threei} so... you don't get what you don't believe?

[09:17] {Threei} I may have to re-think whole Santa thing then...

[09:17] {BillyD} lol

[09:18] {cosmo} Santa in July?

[09:18] {Threei} well cosmo,... they wanted to get away from that, and run here in just the same, lol

[09:18] {cosmo} karma

[09:23] {Threei} keeping an eye on LVS for short setup

[09:25] {JohnK} gm folks

[09:25] {magoo} news fslr vad}?

[09:25] {Threei} john :)

[09:26] {cosmo} drys up

[09:26] {Threei} Thursday, July 30, 2009 4:33:59 PM

[09:26] {Threei} First Solar Inc. Reaffirms FY09 Rev guidance $1.9-2.0B v $1.9Be from 4/29 - conf slides

[09:26] {Threei} - Reiterates FY09 gross margin 31-33%, CAPEX $270-300M

[09:27] {Threei} Thursday, July 30, 2009 4:05:38 PM

[09:27] {Threei} DryShips, Inc Reports Q2 $0.25 v $0.21e, R$245M v $204.1Me

[09:27] {Threei} - Q2 Net voyage revenue $99.9M v $245M y/y v $88.9M q/q

[09:27] {Threei} - Average number of vessels 37.3 v 38.5 y/y v 37.7 q/q

[09:27] {Threei} - Total voyage days for vessels 3,358 v 3,465 y/y v 3,277 q/q

[09:27] {Threei} - Vessels utilization 99.0% v 98.9% y/y v 97% q/q

[09:27] {Threei} DRYS Follow up- Group has reduced CAPEX by canceling 17 new vessels, reducing expenditures by $2B -Investor slides

[09:28] {Threei} DRYS resistance on faily 7.10

[09:28] {nemo} gaelic?

[09:28] {Threei} let's keep an eye on it for the break

[09:28] {Threei} Continue to see large levels of uncertainty in dry bulk orderbook

[09:28] {Threei} - Sees FY09 EBITDA at $601M

[09:30] {Threei} LVS, let's bounce

[09:30] {Threei} don't drop right away

[09:31] {Threei} ugh

[09:34] {Threei} Short Setup: LVS.85 break if stays below 10

[09:34] {Threei} Short Setup: LVS .85 break if stays below 10

[09:35] {BillyD} amazing comeback

[09:36] {BillyD} ANDS

[09:36] {Threei} Short Setup: LVS 9.95 break if stays below 10.10

[09:37] {jfjf64} mornin

[09:37] {magoo} in

[09:37] {jfjf64} in

[09:37] {fernp} in

[09:39] {Threei} (US) White House Advisor Romer: Economy is now seen on the right track -CNBC

[09:39] {jfjf64} syna l .75

[09:40] {Threei} LVS 1:1, half or scalp, your choice

[09:40] {fernp} ty Vad

[09:40] {Threei} welcome

[09:40] {jfjf64} ty vad

[09:40] {JohnK} good trade LVS thx T :)

[09:40] {patel} nice trade

[09:40] {Threei} :who partials, stop to above 10

[09:41] {Threei} welcome guys

[09:41] {magoo} out .77 TY

[09:42] {magoo} pmi numbers coming

[09:42] {Threei} Long Setup: DRYS 7.10 break if holding above 7 for scalpers, above 6.95 for daytraders

[09:45] {Threei} JULY CHICAGO PURCHASING MANAGERS INDEX: 43.4 V 43.0E

[09:45] {Threei} - Prices Paid: 35.0 v 36.3 last

[09:45] {Threei} - New Orders: 48.0 v 41.6 last

[09:45] {Threei} - Employment: 35.3 v 28.9 last

[09:45] {Threei} - Inventories: 25.4 v 34.2 last

[09:45] {Threei} - Supplier Deliveries: 49.6 v 43.1 last

[09:45] {Threei} - Production: 43.3 v 39.3 last

[09:45] {Threei} - Order Backlogs: 32.1 v 37.6 last

[09:46] {Threei} Long Setup: DRYS .95 break if stays above .90

[09:46] {Threei} trying to re-calibrate them on the go

[09:47] {jfjf64} you go vad do ya thing yeaaah

[09:47] {BillyD} lol

[09:47] {magoo} in

[09:49] {Threei} ideally, it would hold .95 now, break 7 and jump

[09:49] {Threei} that would give us half out and stop trail to .94

[09:50] {Threei} LVS, stop to above .90 for the balance

[09:52] {magoo} out drus

[09:52] {Threei} no go DRYS

[09:56] {Threei} LVS 1:2

[09:56] {Threei} holder cover 1/4 more

[09:56] {Threei} AND STOP TO ABOVE .85

[09:56] {Threei} oops, sorry caps

[09:56] {nemo} my ears

[09:56] {jfjf64} ten l .30

[09:57] {jfjf64} break

[09:57] {nemo} rimm Vad ossible short

[09:57] {nemo} p

[09:57] {Threei} bid last piece of LVS just above .50

[09:58] {Threei} done LVS .52

[09:58] {Threei} +.43 or so

[09:58] {nemo} mags will figure it out

[09:59] {jfjf64} ty lvs

[09:59] {magoo} lets see..um, carry the 3...er, um .....

[09:59] {Threei} jf :)

[09:59] {jfjf64} me stop ten

[09:59] {magoo} alz i know ..i got scalpers regrett

[10:01] {magoo} looks like mkts rolling over

[10:01] {jfjf64} grrr was watchin qid grrr

[10:01] {Threei} .short wfc .80 break

[10:01] {Threei} Short Setup: WFC .80 break

[10:01] {Threei} stop above .90 or .95

[10:01] {Threei} 1:1 in a hurry

[10:02] {JohnK} too fast for me

[10:02] {jfjf64} ty .67 out

[10:02] {fernp} missed here

[10:02] {Threei} was breaking as I was typing

[10:02] {nemo} got it

[10:02] {jfjf64} .84 got

[10:02] {Threei} had just couple seconds for entry at .79 after alert

[10:03] {JohnK} T - if you could just connect your thoughts to the computer...

[10:03] {JohnK} there's a helmet :)

[10:03] {_matt} does short shares depend on broker?

[10:03] {Threei} I tried, Jonh... fried three computers in a row in 5 minutes

[10:03] {Threei} yes matt

[10:03] {JohnK} lol

[10:03] {Threei} broker has to have inventory for a particular name

[10:04] {_matt} thanks

[10:04] {Threei} first two dies with not as much as whimper, third one managed to say "what the..."

[10:04] {Threei} died

[10:04] {jfjf64} bounces are comin lets change hats

[10:04] {jfjf64} rimm

[10:05] {Threei} RIMM weas nice short call nemo

[10:05] {Threei} right at upper BB resistance

[10:05] {BillyD} ty Vad WFC

[10:06] {Threei} good reflexes guys

[10:06] {Threei} I though you had all missed

[10:06] {BillyD} pulled it up and hit .79 lucky

[10:06] {magoo} i used it to short aapl, off 164...cov 163.47

[10:06] {Threei} shows you how little adjusted to thinking I am

[10:07] {patel} my entry on WFC was .78

[10:07] {patel} i got a bad fill when i covered

[10:07] {Threei} good enough... 1 cent chasing is not chasing

[10:07] {patel} .67

[10:08] {Threei} hmmm

[10:08] {Threei} how is it bad?

[10:08] {patel} i couldnt short LVS

[10:08] {Threei} low .66

[10:08] {BillyD} lol

[10:08] {patel} lol

[10:08] {BillyD} i was trying for rest at .66 and no hit

[10:09] {patel} for some reason my broker has a low of 24.63 on that candle tick

[10:09] {patel} must be an error tick

[10:09] {Threei} fire your broker

[10:09] {patel} lol

[10:10] {jfjf64} ten l .18 trigger or me

[10:12] {jfjf64} to hell with this ten

[10:14] {jfjf64} syna vad ya lk

[10:15] {BillyD} Vad, think LVS has more if .50 breakdown and satys .65

[10:16] {BillyD} stays

[10:16] {Threei} toughie... not sure

[10:16] {Threei} WFC on the opther hand

[10:16] {Threei} stays very weak even as market bounces

[10:17] {Threei} trying to structure setup on it

[10:17] {jfjf64} that wd be nice lol

[10:20] {Threei} Long Setup: RIMM 77 break if stays above .80, half lot

[10:22] {Threei} prepare for takeoff

[10:22] {jfjf64} in

[10:22] {Threei} ummm

[10:22] {Threei} you see that huge offer at 77?

[10:22] {nemo} magooitis

[10:23] {Threei} that's the reason to wait for break, or at least to see that it scrolls through

[10:23] {jfjf64} im still newbie ty

[10:24] {Threei} like this

[10:25] {Threei} see it melting down?

[10:25] {Threei} not fast enough yet but the idea is the same

[10:27] {magoo} [10:23] {nemo} magooitis

06[10:27] * magoo slaps nemo around a bit with a large trout

[10:28] {magoo} theres a method to magoo madness

[10:28] {Threei} lol

[10:28] {nemo} [10:22] {jfjf64} in

[10:28] {nemo} [10:22] {&Threei} ummm

[10:28] {Threei} anyone ever expected Shakespear to be quoted in this room?

[10:29] {cosmo} he said something about lawyers, as i recall

[10:29] {nemo} Poe makes more sense, huh Raven?

[10:29] {nemo} kill all the lawyers

[10:29] {cosmo} ah

[10:30] {magoo} not convinced mkts can stay green today

[10:30] {magoo} just a feeling

[10:30] {nemo} oogachaka

[10:30] {Threei} if market drops, RIMM is just as valid on the other side of the setup

[10:31] {nemo} R1 is .90

[10:33] {BillyD} Vad, u waiting for mkt drop confirm or just RIMM break .80

[10:33] {Threei} desirably both, with market leading

[10:34] {Threei} if no luck, well

[10:34] {magoo} aapl will follow vads trade BUT in an amplified manner

[10:34] {magoo} =more risk..more reward

[10:34] {Threei} I'll take it anyway... half lot, gotta try

[10:35] {magoo} hey..i am rubbing off on u after all these years lol

[10:35] {nemo} yeah, the rash has finally gone to his brain

[10:36] {magoo} sigh..u used to have my back as we went after vad

[10:36] {nemo} I switch sides depending on which is personally more advantageous

06[10:36] * Threei reaches for the botton on the trout hoster

[10:36] {magoo} notices his trout is missing

06[10:37] * nemo crawls in cave, closes door (brings laptop in case Rimm triggers), pulls blanket over head

[10:37] {nemo} in rimm

[10:38] {Threei} IMF's Kramer: expect US to start recovering decisively in the middle of 2010 - TV interview

[10:38] {Threei} - expects jobless rate to peak above 10% in 2010

[10:38] {magoo} in rimm aapl

[10:38] {magoo} short

[10:38] {Threei} NQ needs to lose 1610

[10:39] {Threei} to send them both down screaming

[10:40] {magoo} magoo sacrifices bull{substitutes his childrens guenie pig as a bull}

[10:40] {JohnK} RIMM?

[10:40] {Threei} AAPL{ not much to hold it down to 164 - 63.80

[10:40] {Threei} and RIMM to 76.50

[10:40] {Threei} just need market help

[10:40] {Threei} John?

[10:41] {magoo} shorted RIMM lloss .80 john, aapl loss .50

[10:41] {magoo} RISKY..gotta keep stop

[10:42] {Threei} so far so good... next breakdown is coming

[10:42] {nemo} 1:1

[10:43] {magoo} f off mkt

[10:43] {Threei} sheesh

[10:43] {Threei} what was that?

[10:43] {magoo} really

[10:43] {BillyD} out rimm here

[10:43] {magoo} jesus christ..perfect setup

[10:44] {magoo} huge candle up

[10:45] {cosmo} i heard it was a 'sting', mags

[10:48] {Threei} die RIMM

[10:51] {BillyD} die RIMM for my friends

[10:51] {nemo} fall on your frickin' pda, fur crisssakes

[10:51] {Threei} {RIMM} you all don't like me :(

[10:51] {nemo} long line there vad

[10:55] {nemo} mmmmhhhhh Qs might have to test morning high before RIMM makes a decision

[10:55] {Threei} no kidding

[10:55] {nemo} Captain Obvious?

[10:55] {Threei} shake us out, then fail miserably

[10:56] {fernp} have to go. see u all on monday. have a great weekend everyone

[10:57] {BillyD} u 2 fernp

[10:57] {Threei} take care fern, have a good one

[10:58] {magoo} the ole dupe

[11:06] {magoo} vad smacker down

06[11:06] * Threei hits RIMM over the head with 2x4

[11:06] {nemo} violence never solved anything

[11:06] {nemo} then again, it feels good

[11:07] {patel} what kind of stop u looking at in the RIMM short

[11:07] {Threei} sbove 77

[11:11] {Threei} JPM Chief Economist: Raises Q3 economic forecast for US GDP to 3% from 2.5% prior forecast - CNBC interview

[11:11] {Threei} - Puts 2012 unemployment at 8% or above

[11:11] {nemo} wow, going out on a limb

[11:11] {Threei} this all looks like we are nearing to top of the cycle

[11:11] {Threei} big run up in the market, now all soundbites become more and more optimistic

[11:12] {Threei} "end of recession" becomes a common phrase everywhere

[11:12] {nemo} yeah, the other clause in the sentence is "beginning of the depression"

[11:12] {Threei} fells like the only thing that is holding market up at this point is premature shorts

[11:13] {nemo} don't forget the PPT

[11:13] {Threei} I'll leave myth field to you :)

[11:13] {Threei} I still have that Santa thing to sort out

[11:14] {nemo} thanks....on another note....AMZN looks like going to test it's high too

[11:14] {patel} if RIMM stops us out

[11:14] {patel} could long be a choice

[11:15] {Threei} hard to tell... chances of both being a shakeout are 50/50

[11:19] {Threei} Short Setup: WFC .50 break if stays below .60

[11:22] {nemo} pulling teeth today

06[11:24] * Threei hands nemo pliers

[11:25] {nemo} .47 is S1 on WFC...I'd rather a hammer and chisel

[11:30] {magoo} feels likke down..BUT really tough..trying to rinse us

[11:30] {nemo} it's at major support

[11:31] {magoo} nah..if mkt falls..it falls

[11:32] {magoo} mkt wont fall

[11:32] {magoo} is problem

[11:35] {patel} come on market

[11:36] {nemo} market's gonna make a run

[11:44] {nemo} ooh WFC wedging upward, oy

[11:46] {Threei} lol

[11:46] {Threei} it's truyly amazing how many things one can find in 3-5 cents range

[11:46] {nemo} I'm murder on a Rorschach test

[11:46] {BillyD} lol

[11:47] {Threei} I am very predictable in those

[11:47] {nemo} breasts?

[11:47] {Threei} you really want me to spend time editing log after hours, don't you

[11:48] {nemo} I didn't use a scatalogical euphemism

06[11:58] * Threei places a pillow on his desk, looks at it critically, moves it a bit to the right... to the left...

[12:00] {magoo} obama on tv 1 pm

[12:01] {chiro} RIGL has no friends let

[12:02] {Threei} I don't see anything fresh on RIGL

[12:08] {magoo} vad, im confused..do u want more and others besides nemo to post profanity here?

[12:08] {chiro} went long at 8.14 ...out most now

[12:09] {Threei} firat of all I want you two to stop drinking that early in the day

[12:09] {nemo} I don't drink

[12:09] {magoo} im east coast

[12:09] {nemo} me too

[12:09] {nemo} I'm even east of Magoo

[12:09] {magoo} its not that that early

[12:09] {nemo} Actually, can't get much more east than me

[12:10] {nemo} frickin fcx

[12:13] {_matt} if rimm stops me out at .01 what is your opinion on taking a long position at that?

[12:15] {Threei} 11:14] {patel} if RIMM stops us out

[12:15] {Threei} [11:14] {patel} could long be a choice

[12:15] {Threei} [11:15] {Threei} hard to tell... chances of both being a shakeout are 50/50

[12:15] {Threei} same opinion still

[12:15] {Threei} nothing changed in an hour

[12:15] {patel} how can i view timestamps in IRC

[12:16] {Threei} right click on the button saying #discussions in the uppoer bar

[12:16] {BillyD} click on menu at top of window and turn it on

[12:16] {Threei} Timestamp

[12:16] {patel} okay thanks

[12:22] {_matt} if it goes long would stop of below .88 correct base on recent activity?

[12:22] {Threei} unless it goes below that before hitting 77, yes

[12:23] {_matt} thank you

[12:31] {ese} i'm still here just watching you all.....have company visiting.......low key day for me

[12:33] {patience} i'm too zenned out after spending 3 days body surfing at long beach ese....no trading...not quick enough today

[12:39] {ese} how was the weather up there

[12:40] {Threei} okay market

[12:40] {Threei} it's time

[12:41] {Threei} (I think)

[12:41] {magoo} manm..syna crushed

[12:49] {ese} signing off everyone.....see you all mon or tues......take care

[12:50] {Threei} take care ese

[12:51] {Threei} President Obama reportedly holding talks with CEOs of VZ, WMT, NUE, and SBUX (related VZ NUE SBUX WMT )

[12:51] {Threei} huh?

[12:51] {Threei} what could p;oassibly president want with SBUX

[12:51] {BillyD} a coffee

[12:51] {Threei} yeah, I guess

[12:52] {magoo} wants to change their flavor blend

[12:52] {Threei} when I want coffee I talk to a girl behind the counter... not CEO {G}

[12:52] {BillyD} you are no fun

[12:52] {Threei} I am - I just don't consider CEO to be fun

[12:53] {Threei} RIMM... you needed just 10 more cents to be 1:1er

[12:58] {magoo} extremely frustrating day

[12:59] {Threei} that's because you are trying to stay awake

[13:00] {Threei} let yourself slip into nirvana

[13:01] {nemo} shouldn't you be in a coma this time of day?

[13:01] {Threei} I am

[13:02] {nemo} whoa, look at the $ today

[13:11] {nemo} wfc just dancing along that support line

[13:13] {magoo} ego maniac coming up on tv

06[13:15] * Threei cancels his upcoming TV appearance

[13:15] {_matt} give rimm the trout on the beach award

[13:20] {magoo} judt get on with it rimm and ddddddddddiiiiiiiiiiiiiiiiiiiiiiieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[13:21] {Threei} said magoo unemotionally

[13:28] {Threei} President Obama: Last 3 months, the economy has done 'measurably better' than expected

[13:28] {Threei} - Notes that the jobs report will show unemployment stabilized; but the US will likely continue to lose more jobs

[13:28] {Threei} - Comments that when assumed office, the recession was deeper than anyone believed

[13:33] {magoo} u think if i take a leak it will fall...always does when im long :)

[13:34] {Threei} I learn so much here every day

[13:35] {BillyD} who ever thought RIMM would hold you hostage

[13:35] {Threei} shows the degree of swampiness

[13:41] {Threei} took EFC what, just couple hours to make it across 10 cents range?

[13:41] {Threei} WFC

[13:52] {magoo} rimm can f off

[13:52] {nemo} hehe got to edit the log again

[13:53] {Threei} sigh

[13:53] {magoo} wait 3 hours to get stopped

[13:53] {Threei} lol

[13:53] {Threei} adds insult to ingury

[13:53] {Threei} or whatever

[13:57] {magoo} my shorts no work..my longs no work..my bro dino no work..SIGH

[13:57] {nemo} time for the FADC

[14:00] {_matt} :(

[14:18] {Threei} Long Setup: CEDC 29.02 break

[14:18] {Threei} if stays above 21.90

[14:18] {magoo} wait a minute..hostage situation? lol

[14:19] {wulff} 8 points?

[14:23] {Threei} invalidated

[14:23] {nemo} so, go short?

[14:23] {Threei} 20 PAL Ticking higher after positive mention by CNBC guest

[14:23] {Threei} - cites strength returning to the auto market (palladium is used in catalytic converters

[14:23] {nemo} nah

[14:24] {magoo} rimm..so i take 03 long

[14:24] {magoo} no go AGAIN

[14:25] {magoo} smasdhing stuff here

[14:25] {Threei} market is still locked

[14:25] {Threei} why try to trade market fol,lowers?

[14:25] {magoo} because im down

[14:25] {Threei} 3 hursago we didn't know that

[14:25] {Threei} but why repeat it now?

[14:25] {Threei} oh, that's great reason to trade

[14:26] {magoo} valid setups..uif rimm had gone thru 77 and hit 77.17..u would have mentioned

[14:27] {Threei} I was asked about this specific one twice

[14:27] {Threei} and said it was 50/50

[14:27] {cosmo} HLIT?

[14:27] {magoo} ive never ever seen rimm so locked./.im ytrying to catch its move

[14:28] {wulff} I am already short

[14:28] {jfjf64} cof l .73 trigger

[14:42] {wulff} lookout blow

[14:42] {wulff} below

[14:44] {nemo} vad's gonna' have to edit again

[14:45] {magoo} at least he cant kick nemo out now...wulff guilty too

[14:45] {wulff} what?

06[14:46] * nemo washes wulffs mouth out with a large bar of soap

[14:46] {BillyD} you guys are too funny

[14:46] {nemo} boredom breeds insanity...don't have to scratch too deep on me

[14:46] {Threei} I find it easier not to post today's blog than go over it catching all your gems

[14:47] {magoo} ah..the lazy way out lol

[14:47] {nemo} duh...all you have to do is record the time signature

[14:47] {Threei} uhhu

[14:47] {nemo} frankly, the way today's gone, why bother anyway

[14:47] {Threei} that's exactly how I want to spend my trading day

[14:47] {nemo} post-trading day

[14:47] {Threei} writing down on the paper: 10:38. nemo. dlete

[14:47] {Threei} 11.16. magoo. dlete

[14:48] {Threei} 11"25. tk wrtng lessns frm jf and wrte dlt from no on

[14:48] {nemo} maybe you could set us up like the "dark pools" where we don't show up on the tape, only real-time in merc

[14:49] {jfjf64} fas l .20

[14:49] {nemo} Well, dark pools don't show up at all

[14:49] {nemo} mmmmhh DB on FCX?

[14:49] {Threei} or, I can posts it as it as so decent folks coming here know who to stay away from {G}

[14:49] {Threei} yup... that's what I'll do

[14:51] {nemo} aren't you gonna' ask him mags?

[14:51] {Threei} ask me??

[14:52] {Threei} why would magoo do that, he knows I am straight

[14:52] {nemo} huh? what? no, the question he asks you around this time of day several days a week

[14:54] {nemo} O.K. Fine!!! "Rip or Rot, Vad?"

[14:54] {cosmo} HLIT tests 7 soon

[14:55] {Threei} this would be my favorite chart of the day cosmo, if it were normal day during normal trading season

[14:55] {cosmo} maybe last hour is normal

[14:56] {nemo} Friday afternoon last day of July

[14:56] {Threei} [14:55] {cosmo} maybe last hour is normal {--- this takes the prize as the best joke of the day

[14:56] {nemo} frickin' cosmo

[14:56] {Threei} beat you and magoo to the pulp

[14:57] {cosmo} and its always lunchtime too

[14:57] {nemo} hit the FADC already Cosmo?

[14:57] {cosmo} ?

[14:57] {nemo} Friday Afternoon Drinking Club

[14:57] {Threei} today, unless we find couple nice wins before day ends, will interrupt our long winning series

[14:58] {Threei} running for about two-and-half - three weeks

[14:58] {nemo} figures, I'm a hair above b/e

[14:58] {Threei} yeah, depending on how you managed opening plays you are about flat or slightly down

[14:59] {cosmo} well... i might have a beer.... but only one

[14:59] {nemo} yeah, I doubletapped on a sell, or I might have made out a little better

[14:59] {Threei} which is actually good... gotta give something to gods of odds theory

[14:59] {nemo} that would be your patron spirit "god of the odd"

06[15:00] * nemo giving cosmo run for his money

[15:00] {Threei} nah

[15:00] {nemo} that was expected

[15:00] {Threei} cosmo's one still a winner

[15:01] {cosmo} barely

[15:01] {nemo} nah, you won fair and square

[15:01] {Threei} that was stylish and old-schoolish

[15:02] {nemo} the blatant absence of any touch with reality had me in stitches too

[15:02] {cosmo} oh...schucks...

[15:02] {nemo} won't have to edit that Vad

[15:04] {cosmo} HLIT firm fwiw

[15:04] {Threei} not editing anything

[15:04] {Threei} leaving it all as it is, and letting you take the shame

[15:04] {nemo} I have none

[15:05] {Threei} (providing your vocabulary includes the word)

[15:05] {Threei} oh, never mind

[15:07] {wulff} RIMM .65 short for those who are interested

[15:12] {magoo} finally got rimm rihgt..shorted that last loss 77 to .76

[15:13] {magoo} but still..hasnt pulled back much in relation to Q or AAPL

[15:17] {magoo} SYNA read vad??

[15:18] {Threei} .60 short ... but would nbeed tighter range

[15:18] {Threei} or try to find short entry on the bounce

[15:19] {cosmo} hlit goes ....'bye buy'

[15:19] {cosmo} maybe

[15:20] {BillyD} 1 penny at a time cosmo

[15:21] {cosmo} 1909 s

[15:22] {Raven} 1909 s vdb

[15:22] {cosmo} picky...

[15:22] {Raven} thx

[15:23] {nemo} look at fcx wtf

[15:23] {Raven} Michael will ride the Prancing Horse once again, cosmo

[15:24] {cosmo} ...but beware the wooden nickle...

[15:24] {BillyD} gotta run, have a good wknd everyone

[15:24] {Threei} take care Billy

[15:24] {Raven} nickel?

[15:25] {cosmo} got ahead of myself

[15:26] {Raven} lol

[15:32] {Threei} great... now RIMM does it

[15:32] {Threei} by stopping us out by 5 cents

[15:34] {wulff} 15:03 wulff RIMM .65 short for those who are interested

[15:35] {magoo} nice wulffy

[15:42] {wulff} right on schedule

[15:44] {cosmo} should hold .95

[15:46] {wulff} unless it doesn't

[15:47] {nemo} thanks yogi

[15:49] {cosmo} ok then, it needs to hold .95 ...lots of small block vol is good ...no?

[15:51] {nemo} that might be about it on RIMM with that volume spike

[15:51] {Threei} yeah, some covering should come

[15:52] {Threei} .80 vbbreak

[15:52] {Threei} long for scalp

[15:53] {Threei} stop under .70

[15:54] {Threei} 1:1

[15:55] {Threei} anyone?

[15:57] {wulff} +1.0 short RIMM,

[15:57] {magoo} me

[15:57] {magoo} ty

[15:58] {Threei} okay guys, just slightly positive here,

[15:58] {Threei} depending on your share size and managing the trade you are anywhere from slightly negative to flat to slightly iup

[15:58] {Threei} and bored to death

[15:58] {Threei} thank you all, have a great weekend, see you on Monday

[15:58] {chiro} ty

[15:58] {magoo} u too

Jul 30 2009

Carbon copy of yesterday - couple nice wins, couple small stops. Profitable and excruciatingly boring. LVS and RIMM formed the bottom line.

Session Time: Thu Jul 30 00:00:00 2009

[08:13] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:13] {Threei} - Expectations for initial claims are 575K v prior release of 554K (range seen from 539K to 630K)

[08:13] {Threei} - Continuing claims seen at 6.300M v prior 6.225M. (range seen from 6.100M to 6.400M)

[08:14] {BillyD} GM Vad

[08:14] {Threei} morning billy

06[08:14] * Threei slaps laserdave around a bit with a large greeting card

[08:16] {Threei} ARTG Reports Q2 $0.06 v $0.04e (ex items), R$44.4M v $43.8Me (4.36, 0.00, 0.00%)

[08:17] {BillyD} laserdave see dcc

[08:17] {Threei} gapping right into resistance to break on daily

[08:24] {JohnK} gm folks

[08:24] {Threei} John :)

[08:24] {BillyD} johnk:)

[08:24] {nemo} haroo

[08:26] {Threei} nemo :)

[08:26] {nemo} 3i :)

[08:30] {Threei} *INITIAL JOBLESS CLAIMS: K V 575KE; CONTINUING CLAIMS: 6.197M V 6.300ME

[08:30] {Threei} Prior jobless claims revised from 554K to 559K

[08:31] {Threei} INITIAL JOBLESS CLAIMS: 584K V 575KE

[08:42] {Threei} LVS is on watch

[08:48] {Threei} .75 is forming as resiastance to break

[08:48] {Threei} yesterday's high too

[08:49] {BillyD} they have EPS AAAAAAAAAH today

[08:49] {BillyD} AH

[08:50] {Threei} that was very emotional AH

[08:50] {BillyD} lol

[08:50] {Threei} didn't know you felt so strongly about Las vegas

[08:50] {Threei} but I share it... I am a sucker for flashing lights

[08:52] {BillyD} FITB interesting

[08:52] {fernp} good morning everybody

[08:53] {Threei} fern :)

[09:01] {BillyD} NVAX is shortable today FYI

[09:07] {ese} god morning

[09:07] {Threei} ese :)

[09:07] {ese} ahhhh good....

[09:07] {ese} although thats how i feel some mornings

[09:07] {cosmo} god is good

[09:08] {ese} and can be great some days

[09:08] {cosmo} vengeful on others...

[09:08] {ese} depending on how i;m doing in the market that day

[09:10] {ese} for instance today could be great....... i'm long mee at .41 and it's trading up on an up day

[09:11] {Threei} HIG on watch

[09:12] {Threei} temperature releif is promised over the weekend ese

[09:12] {Threei} with heat resumption on Monday

[09:12] {magoo} morning

[09:12] {Threei} magoo :)

[09:12] {larisa} gm :)

[09:12] {Threei} larisa :)

[09:12] {magoo} wat u watching? HIG for sure

[09:13] {Threei} LVS

[09:13] {Threei} FITB maybe

[09:13] {ese} thank god......being on the water and on that barge would be a killer

[09:13] {Threei} NVAX maybe

[09:14] {Threei} Vancouver had its hottest day ever yesterday

[09:14] {BillyD} Vad, MOThas a nice premkt chart and daily

[09:14] {BillyD} MOT

[09:14] {Threei} Seattle set record too

[09:14] {Threei} MOT is usually so narrow...

[09:15] {BillyD} ok, haven't really traded it

[09:15] {Threei} just look at ranges on daily

[09:15] {BillyD} ouch

[09:15] {BillyD} torture stock

[09:15] {Threei} it's over major resistance which could fuel some enthusiasm

[09:16] {Threei} but generally it's a swing trading stock, not day trading

[09:17] {dptl} good morning all

[09:17] {BillyD} hi dp

[09:17] {dino} gm all

[09:17] {Threei} dp, dino :)

[09:18] {ese} ddddddddddpppppppppp!!!!!!!! diiiiiiinoooooooooo!!!!!!

[09:20] {nemo} dino :

[09:20] {dino} :)

[09:20] {patel} good morning

[09:21] {Threei} patel :)

[09:24] {jfjf64} mornin alllllllll

[09:25] {Threei} jf :)

[09:27] {ese} TRMA.......hmmmmmm this looks good

[09:27] {ese} beats with a huge backlog

[09:29] {Threei} HIG nice pullback

[09:29] {Threei} let's see if we get opening range to break

[09:30] {Threei} Long Setup: LVS .80 break

[09:31] {magoo} in .80

[09:31] {Threei} stop under .70 for scalpers, .65 day traders

[09:32] {Threei} HIG too umpy

[09:32] {Threei} jumpy

[09:33] {ese} out mee .01 +.60

[09:34] {Threei} wtg

[09:34] {ese} tks.....i'm gonna bring should champagne over to your house randomly

[09:35] {Threei} lol

[09:35] {Threei} stop to under .70 for everyone LVS

[09:36] {Threei} FITB, pullback into 9.15 interesting

[09:37] {Threei} Long Setup: FITB .20 break if stays above .10

[09:41] {Threei} JAZZ again

[09:42] {Threei} and still no news

[09:43] {patel} got stopped on FITB

[09:43] {nemo} me too

[09:43] {Threei} hmm?

[09:43] {Threei} it never triggered

[09:43] {nemo} bought it when it looked like it was going to break .20

[09:43] {Threei} LVS 1:1

[09:43] {magoo} out .94 TY vad

[09:44] {JohnK} LVS great thx T :)

[09:44] {Threei} welcome

[09:44] {patel} i accidentally exited all instead of taking partials

[09:45] {Threei} held the stop with amazing precisaion

[09:45] {Threei} just 1 cent above it

[09:45] {Threei} 1:2 is coming

[09:47] {BillyD} I keep getting disconnected from Laser

[09:47] {BillyD} anyone else

[09:47] {magoo} others too

[09:48] {Threei} not me

[09:48] {magoo} ok me, but dave emailed

[09:49] {magoo} dave down now

[09:50] {Threei} 1:2 LVS

[09:50] {nemo} cat for short?

[09:50] {Threei} 1/4 more out, stop to .85

[09:50] {Threei} why? market is ramping up

[09:51] {ese} l mee .15

[09:51] {magoo} out fitb .26 TY vad

[09:52] {Threei} offering last portion LVS .25

[09:52] {BillyD} nice LVS VAD ty

[09:52] {Threei} welcome sir

[09:53] {_bradc} lvs very nice ty

[09:53] {Threei} :)

[09:53] {patel} nice job on LVS

[09:53] {patel} left so much on the table

[09:53] {Threei} direct hit

[09:53] {Threei} out +.44

[09:53] {ese} out mee .26 =}11

[09:54] {ese} +.11

[09:55] {Threei} HIG's irritating miss

[09:57] {wulff} crazy strong today

[09:57] {Threei} see this market doing what market does best:

[09:57] {JohnK} going for SPX 1000

[09:57] {Threei} going against expectations of majority

[09:57] {wulff} yup

[09:57] {Threei} everyone and their brothers says rally's over

[09:58] {Threei} market says, fat lady hasn't even dressed up for grand entrance yet

[09:58] {JohnK} maybe that's a clue :)

[09:58] {magoo} not magoo

[09:58] {magoo} yesterday i said R

[09:59] {jfjf64} amcs 32.00 l

[10:00] {jfjf64} amsc

[10:02] {wulff} +5.5 GS from yesterday

[10:02] {Threei} wow

[10:02] {magoo} that does it..............

[10:03] {Threei} oy

06[10:03] * magoo slaps wulff around a bit with a large trout

[10:03] {jfjf64} 1/2 half out

[10:03] {wulff} trailing stop was just hit

[10:04] {Threei} LVS big pullback

[10:04] {jfjf64} 1/4 out .41

[10:05] {Threei} Long Setup: LVS .05 break if stays above 11

[10:05] {jfjf64} last 1/4 stop at .45

[10:05] {Threei} wtg jf

[10:05] {jfjf64} stp at .65

[10:05] {Threei} most likely scalp only this time LVS

[10:05] {ese} wulff...BABY!!!!!!!!! nice!!!

[10:05] {jfjf64} stp .80

[10:06] {jfjf64} wow

[10:07] {jfjf64} stp 33

[10:07] {jfjf64} done

[10:08] {ese} l mee .33

[10:09] {ese} out mee .50 +.17

[10:10] {Threei} out LVS

[10:10] {Threei} WYNN starts retreat, don't want to stick around for formal 1 cent till 1:1

[10:14] {Threei} ENER Hearing renewed takeover chatter circulating (15.49, +0.52, 3.47%)

[10:15] {Threei} rumors or not, but breaK of .50 is lwegitimate play on ENER

[10:16] {Threei} if stays above .40

[10:17] {nemo} frickin lvs

[10:18] {magoo} out lvs .19 ty vad

[10:18] {Threei} lol mags... I don't know how you play them but the way you do has little with mine

[10:18] {Threei} little to do

[10:18] {BillyD} it's the trade idea

[10:18] {Threei} yeah, I understand

[10:19] {Threei} a lot of ways to skin a mollusk

[10:19] {magoo} i dont:)

[10:19] {BillyD} lol

[10:19] {Threei} lol

[10:19] {_matt} is that a call on ener?

[10:19] {nemo} yep

[10:19] {Threei} define call... :)

[10:19] {nemo} be nice Vad

[10:20] {Threei} what??

[10:20] {Threei} since when is it something I am expected to be?

[10:21] {nemo} ener looking more like a short

[10:21] {Threei} if it invalidates, sure

[10:22] {larisa} where do you see long or short? it is dead on low vol :)

[10:22] {magoo} rread RIMM vad?

[10:22] {Threei} there... third way to look at it :)

[10:23] {Threei} RIMM is obvious setup...

[10:23] {Threei} .80 break long

[10:25] {_matt} stop?

[10:25] {Threei} [10:16] {Threei} if stays above .40

[10:25] {Threei} or you mean RIMM?

[10:25] {_matt} on rimm

[10:25] {Threei} oh, lol

[10:25] {Threei} .60 is invalidation

[10:26] {ese} vad when your right your really right.....like you said the other day.....the market and only the market will decide when this rally is over......

[10:26] {Threei} yeah, too many predictors

[10:26] {JohnK} we are the market

[10:27] {Threei} everyione is a prophet

[10:27] {Threei} let me be one of not many who says:

[10:27] {Threei} I have no idea when this rally ends

[10:27] {Threei} I will trade what I see, day by day

[10:27] {jfjf64} boy oh boy amsc

[10:28] {ese} naz basically has another 150 pts to go....the way i see it technicaly

[10:28] {ese} but who knows

[10:28] {Threei} all those predictions and prophets... they throw their forecasts out there, and if something works they tout it

[10:29] {Threei} if it doesn't, they conviniently forget all about it

[10:30] {jfjf64} took 1.00 out of it guess sd be happy

[10:31] {Threei} u sd

[10:31] {Threei} u sd lso consdr my sgston to tpe fll wrds

[10:32] {Threei} hmm... mybe nt

[10:32] {Threei} ts fn

[10:32] {dptl} lol

[10:32] {ese} lol

[10:33] {ese} i can barely understand english as it is.....and i speak the damn language

[10:33] {JohnK} stupid ENER - took out my stop and now it's up

[10:33] {Threei} yeah, rude

[10:34] {Threei} larisa was right

[10:34] {JohnK} rude

[10:34] {nemo} about what?

[10:34] {Threei} when will learn to listen to a smart woman

[10:35] {jfjf64} amsc l 35..68

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

[10:36] {Threei} out 2/3

[10:36] {Threei} stop to under b/e

[10:36] {Threei} offering the balance .20

[10:36] {wulff} had a hard stop for HGSI at .50, close one

[10:37] {JohnK} I thought that .6 had invalidated that RIMM call

[10:37] {jfjf64} 1/2 out half

[10:37] {Threei} 1 cent under on a sharp spike down?

[10:37] {Threei} not something to impact such volatile one as RIMM

[10:38] {JohnK} it went down to .54

[10:38] {Threei} 10:25, .59 low...?

[10:39] {Threei} out +.40

[10:39] {jfjf64} nice vad

[10:39] {magoo} out .17 DL

[10:39] {magoo} ty vad

[10:39] {Threei} welcome

[10:39] {wulff} hate buying those kind of obvious breaks now

[10:39] {Threei} John... where do you see .54?

[10:39] {jfjf64} all out amsc

[10:39] {magoo} +.37

[10:40] {JohnK} sorry that was at 10:17 or so - later it hit .59 as you said

[10:40] {jfjf64} +21 +19

[10:40] {Threei} oh yes, that was before the setup

[10:40] {JohnK} unfortunately, I stopped looking at it

[10:40] {Threei} doesn't count :)

[10:41] {JohnK} still learning

[10:41] {Threei} AKAM...

[10:41] {Threei} maybe recovery time

[10:42] {magoo} soon vad..been watching it

[10:42] {Threei} Long Setup: AKAM .30 if holding above .20

[10:43] {magoo} u watching HIGmiester?

[10:43] {Threei} for a bit longer hold, above .15

[10:43] {Threei} HIG, no, not really

[10:43] {magoo} well..get on it lol

[10:43] {Threei} yes sir

[10:43] {Threei} sorry sir

[10:44] {magoo} going to prinyt 18 today imo

[10:44] {Threei} right on it sir

[10:44] {magoo} awesome exit call RIMM boss..woth the monthly $

[10:44] {Threei} 18?? HIG??

[10:44] {magoo} yea

[10:45] {fernp} in AKAM

[10:45] {nemo} me too

[10:45] {Threei} GSM IPO opens for trading at $7.00 (7.12, 0.00, 0.00%)

[10:45] {Threei} Globe Specialty Metals

[10:47] {wulff} so much for oil falling

[10:48] {wulff} USO

[10:50] {nemo} stopped akam

[10:52] {jfjf64} amsc l .42

[10:53] {nemo} frickin akam

[10:54] {jfjf64} no go this time

[11:00] {patel} this AKAM is jumpy

[11:00] {patel} i waited for the longer hold on it

[11:00] {wulff} there once was a man named Obama...

[11:00] {patel} any read on it

[11:01] {Threei} the same

[11:01] {Threei} nothing really changed

[11:01] {Threei} hasn't hit a stop, hasn't reached 1:1

[11:01] {patel} yup

[11:01] {Threei} offering half at .45

[11:02] {fernp} I reloaded in .22 nice plbk with low volume

[11:03] {BillyD} nice fern

[11:06] {patel} threei give it a kick

[11:07] {Threei} I can't

[11:07] {Threei} I am trying on kinder gentlier myself today

[11:07] {patel} lol

[11:23] {cosmo} FLEX hod fwiw

[11:25] {ese} i pay attention

[11:26] {dptl} got to go....see ya guys on monday......have a great weekend :)

[11:27] {Threei} take care dp

[11:27] {fernp} bye dp have a nice weekend

[11:31] {magoo} OCR CRUSHED

[11:40] {Threei} I need a foam at my deck... lest I hit it with my chin

[11:40] {Threei} or forehead

[11:40] {patel} i know

[11:40] {patel} this AKAM is drying me insane

[11:41] {Threei} but it's not the worst actually... worst boredom is when you are trying to hit your forehead with your chin

[11:41] {patel} lol

[11:41] {Threei} or slap your nose with your ear

[11:47] {ese} now thats funny

[11:48] {Threei} US Rep Frank reportedly working on bill to subject Municipal bond issuers to more oversight (related MUNIS )

[11:54] {patel} come on AKAM

[11:54] {Threei} sigh

[11:57] {Threei} I guess we should have exited into last spike instead of being stubborn

[12:00] {ese} precarious.....alot of my daily charts are looking like topping hammers(in candlestick terms).....taking arun up and then finishing at the open or slightly above or below...hmmmmmm

[12:05] {magoo} rimm bounce vad?

[12:06] {Threei} no read here

[12:13] {nemo} still in akam vad?

[12:13] {Threei} yeah...

[12:13] {patel} same here

[12:17] {nemo} what stocks you looking at ese?

[12:22] {nemo} awake or in coma vad?

[12:22] {Threei} you know... lately it becomes hard to tewll the difference

[12:22] {nemo} whoa akamai woke up

[12:25] {patel} nemo put it on steroids for me

[12:28] {ese} zzzzzzzzzzzzzzzz gazort......skiffjit.....ganklke..........ahemmm...zzzzzzzzzzzzzzzzzzzzzz

06[12:28] * nemo tickles ese's nose with a feather

[12:28] {ese} snifff snifff.....zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

06[12:29] * nemo puts ese's hand in a bucket of warm water

[12:29] {ese} ese....quickly runs to washroom.....be back in a minute

06[12:29] * nemo snickers

[12:30] {ese} ese....realises he's been had again..........rats......i'll get even

[12:30] {Threei} you guys scare the living daylight out of me

[12:30] {ese} we .....

[12:31] {ese} we.....

[12:31] {ese} are

[12:31] {ese} a.....

[12:31] {nemo} huh? pot calling the kettle black there Vad...

[12:31] {ese} product....of your environment

[12:31] {Threei} exactly

[12:31] {nemo} speld it rong

[12:31] {Threei} I am getting opportunity to see it clearly, lol

[12:31] {nemo} Rimm vad?

[12:32] {Threei} formed .50 - .62 range

[12:32] {ese} and loving it by the way......it's fun being on this board even if i wasn't trading

[12:33] {ese} although.....??????

[12:33] {ese} the money is nice too

[12:35] {ese} L mee .23

[12:35] {ese} lets hope this qqqq is change of dierction for the day

[12:36] {ese} dierction?????

[12:36] {Threei} both

[12:36] {nemo} threeish

[12:37] {ese} indeed

[12:42] {nemo} brcm Vad

[12:43] {ese} l mee again avg price .27

[12:44] {Threei} if you went for RIMM, 1:1 was reached

[12:44] {_matt} genz read?

[12:44] {Threei} if not... why do yuo ask me about BRCM, to have another comment to ignore? {G}

[12:45] {Threei} GENZ is rather short

[12:45] {Threei} with stop above 56.10

[12:45] {Threei} but it's like 51/49

[12:46] {Threei} anyway, BRCM is rather no play at all

[12:46] {_matt} I was thinking 56.10 break

[12:46] {_matt} with 55.99 stop

[12:46] {Threei} which would be an invalidation of that short, thus legitimate long

[12:50] {patel} AKAM is like a rollercoaster

[12:50] {Threei} only very small one

[12:50] {patel} yup

[12:51] {Threei} like you go through its swings with your eyes only, not with whole body, lol

[12:52] {nemo} so, the spins when you're really drunk?

[12:52] {_matt} is akam one that you are familar with?

[12:53] {nemo} yep

[12:54] {Threei} we uaed to play it now and then if that's wat you mean

[12:55] {patel} good thing is we might get through the lunchtime slowdown

[12:55] {_matt} yes

[12:55] {patel} threei, what has your experience beenw hen a stock like AKAM is acting this way. Does it work out good for you in the end?

[12:55] {Threei} Preview: Treasury's $28B 7-year note auction results due out just after 1pmET

[12:55] {Threei} - $28B is a $1B increase from the June auction

[12:55] {Threei} - prior bid-to-cover was 2.82 pushing the average of the first 5 auctions since the Feb $22B relaunch up to 2.40

[12:55] {Threei} - indirect bidders took 67.2% of competitive bids at last auction, while 13.2% was alloted at the high

[12:55] {Threei} - the When Issued currently yields 3 basis points above the cash maket at 3.38%

[12:56] {Threei} I don't think you can generalize it like this

[12:56] {Threei} some work, some don't

[12:56] {nemo} put tbt and tlt on your screens :)

[12:57] {Threei} you can get stopped and think why didn't I dump it when it stalled for so long

[12:57] {Threei} or you may dump it and then watch it rocketing and think why did I ever sell it, it never tagged my stop

[12:58] {Threei} attempts to outguess the market and avoid all undesirable outcomes are akin to attempts to trade with no losses

[12:58] {Threei} which is is a pipe dream

[12:59] {Threei} AAPL Reportedly researchers have found a security vulnerability in Apple iPhone that allows hacker to take over the handset by sending an SMS message to the phone

[12:59] {Threei} oh good

[12:59] {jfjf64} l jpm .72

[12:59] {Threei} if I stick to electornic cigarette, will I ever see a day when hackers take it over?

[13:01] {nemo} they must have liked the auction, tbt just tanked

[13:01] {Threei} TREASURY'S $28B 7-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.63 V 2.82 PRIOR AND 2.40 OVER THE LAST FIVE

[13:02] {jfjf64} 1/1 out

[13:02] {Threei} indirect bidders take 62.5% of competitive bids

[13:02] {Threei} notes draw 3.369% with 91.7% alotted at the high

[13:03] {Threei} Wynn Resorts LTD CEO: More afraid of Washington than the economic situation; Encore Macau is on schedule and on budget - conf call

[13:03] {Threei} - Cost savings began to have an impact in Q2; not planning any more payroll cuts; cost cuts in Las Vegas saving approx $100M/year

[13:03] {Threei} - follow up: CEO comments that WYNN is bidding for a license in New York.

[13:03] {jfjf64} s jpm .82

[13:03] {Threei} More afraid of Washington than the economic situation - no kidding

[13:09] {_matt} thanks jfj64 out +.05 on jpm, do you follow this stock?

[13:10] {jfjf64} nope

[13:10] {jfjf64} just bored range play off bolli

[13:11] {Threei} GENZ worked on both sides, lol

[13:11] {jfjf64} tight stop

[13:11] {Threei} 1:1 on short, over 1:1 on long

[13:12] {_matt} :)

[13:12] {jfjf64} i sd of grabbed 5 cents on short still sittin with it

[13:13] {magoo} read hig vad

[13:13] {BillyD} you in magoo

[13:13] {magoo} no..flat here

[13:13] {magoo} watching hig..rimm..akam

[13:14] {Threei} couple moves between .90 and 17, and HIG will become interesting for a break

[13:16] {_matt} could that be a possible cup and handle forming on hig?

[13:18] {jfjf64} jpm is gonna explode

[13:19] {larisa} 39 res

[13:19] {jfjf64} just gut feelin

[13:20] {jfjf64} .90break long

[13:21] {Threei} HIG start looking like maybe

[13:21] {patel} is break of 17 a alert

[13:21] {Threei} yeah

[13:21] {jfjf64} got the look also somethin brewin

[13:21] {ese} Out MEE .53 +.27......outta here for the day all see you tomorrow......have a rehearsal for the symphony splash here in victoria to prep for...take care

[13:21] {patel} stop below .90

[13:22] {patel} nice job ESE

[13:22] {fernp} bye ese

[13:22] {ese} thanks P

[13:22] {dino} tbt crushed on auction

[13:22] {nemo} yeah, dropped right after it hit the tape

[13:23] {jfjf64} hig gettin there

[13:24] {jfjf64} in

[13:25] {jfjf64} aggresive entry for me see what happens

[13:25] {nemo} hope it isn't like my aggresive fitb entry this morning

[13:25] {jfjf64} stop 5 cents vad

[13:25] {jfjf64} me too nemo

[13:25] {Threei} 5 cents?

[13:26] {Threei} there is no support at .95

[13:26] {larisa} 16.90 tech support HIG

[13:26] {Threei} right

[13:26] {jfjf64} yup let me change that ty

[13:27] {nemo} akamai, what a tease

[13:27] {jfjf64} jpm invalid here

[13:27] {jfjf64} comon hig big push ya want it

[13:27] {nemo} c u tomorrow

[13:28] {larisa} bye ne

[13:28] {patel} bye nemo

[13:30] {jfjf64} here we goooooooooo

[13:31] {patel} magnet to 17

[13:32] {jfjf64} once it gets pass 17 she sd go

[13:32] {jfjf64} how long that gonna take dont knoww

[13:35] {_matt} is hig a call that you are going to trade?

[13:37] {Threei} I don't understand matt

[13:37] {Threei} you like - you take

[13:37] {Threei} what does it matter to you who else is going to do it?

[13:38] {magoo} sheesh..give new kid a break lol

[13:39] {Threei} did you get any?

[13:39] {magoo} now if that was nemo.well

[13:39] {Threei} and look how well you turned out, my son

[13:39] {magoo} whats it matter if i got any HIG?

[13:40] {_matt} trying to clarify if they are trades that you are calling or answering question like when I asked about genz

[13:40] {Threei} I get it... I just am not sure why it matters :)

[13:41] {Threei} ultimately, any trade decision comes to individual choice

[13:41] {Threei} either you like the trade, it fits in your prfoile so to speak,

[13:41] {Threei} your objectives, risk tolerance etc

[13:42] {Threei} type of the movement

[13:42] {Threei} or not

[13:42] {dino} the vad "disclaimer", :)

[13:42] {Threei} it matters not whether someone else goes for it or not

[13:42] {_matt} from your website i know you go over a certain thought process and am just learning

[13:42] {Threei} in trading there is no reward for being part of the group or being against the group

[13:43] {_matt} the tendancies of your trading style while developing my own

06[13:43] * magoo slaps laserdave around a bit with a large trout

[13:43] {Threei} yes.. but the thought process is the same whether stock came up on a scanner, or someone asked abotu it or I stumbled over it while surfing through usual suspects

[13:43] {Threei} all of that serves as just an initial point,

[13:43] {Threei} stock is being brought to attention

[13:44] {Threei} Then it's just a chart evaluation

[13:44] {Threei} all sources are equal except one:

[13:44] {_matt} and you normally do not trade when the market is sideways, so if this is a call then i can further understand how you trade

[13:44] {Threei} when magoo brings a stock to my atention I tend to lower my odds {G}

[13:45] {Threei} let's say, I am more picky

[13:45] {Threei} less aggressive

[13:45] {magoo} that does really does it...............

[13:45] {Threei} doesn't mean I don't trade at all

06[13:45] * magoo slaps Threei around a bit with a large trout

[13:46] {Threei} you could notice I decrease activity when morning rush is over

[13:47] {_matt} definitely, the reason why I am curious about hig is because the market strength and a possible formation of cup and handle because of that

[14:07] {jfjf64} s amex .46 trigger here

[14:22] {jfjf64} out amex even

[14:24] {jfjf64} vad tk read ggc anythin

[14:26] {jfjf64} crazy spread

[14:29] {Threei} shrug

[14:30] {jfjf64} what all in coma

[14:30] {Threei} GGC is certainly not the stock to make me come out of coma

[14:33] {Threei} AKAM... is it for real... or am I dreaming

[14:34] {jfjf64} go bk to sleep

[14:35] {Threei} ok... but I am out AKAM

[14:37] {jfjf64} im stalkin cof 31

[14:38] {jfjf64} in .99

[14:40] {jfjf64} 1/1

[14:40] {jfjf64} half out

[14:41] {BillyD} thx JF for scalp

[14:42] {jfjf64} all out

[14:42] {jfjf64} +10 +7

[14:42] {jfjf64} welcome bd

[14:44] {jfjf64} vadd hig 17 ya lk

[14:44] {Threei} no

[14:44] {Threei} it's tired

[14:45] {magoo} i have apptmrt..see u tomorrow TY

[14:45] {jfjf64} looks it

[14:45] {BillyD} wait

06[14:45] * BillyD slaps magoo around a bit with a large trout

[14:45] {Threei} lol

[14:45] {Threei} take care mags

[14:45] {BillyD} mags rubs off on me

[14:46] {Threei} I wish you wouldn't give me this image

[14:47] {BillyD} it was impulsive move....don't know what happen

[14:47] {BillyD} LVS keeps trudging along

[14:49] {magoo} :)

[14:49] {jfjf64} good night all

[14:50] {BillyD} cya jf

[14:52] {Threei} take care jf

[14:59] {Threei} BCRX got seriuosly hit today

[15:02] {Threei} US Treasury's Wolin: Reiterates bulk of stimulus to arrive within 6 months; US still has a long way to go before growth in the economy\

[15:05] {_matt} is the afternoon more exciting in the fall?

[15:06] {Threei} all trading is, not just afternoons

[15:06] {Threei} afer labor day activity picks up

[15:07] {Threei} LVS is back to high

[15:07] {BillyD} almost tokk .21

[15:07] {Threei} MGM too

[15:08] {BillyD} don't look at AKAM

[15:10] {patel} yes i defiintely wont

[15:10] {patel} they took me out at 16.14

[15:11] {Threei} I looked. It hurt.

[15:12] {Threei} as jf would say, sd hv listnd to u

[15:22] {Threei} LVS and MGM move independently of market

[15:23] {Threei} my guess was they followed WYNN, but no, not really

[15:29] {Threei} maybe bounce scalp worthy off .20

[15:34] {Threei} WYNN Wedbush Morgan Cuts WYNN to Hold from Buy (timing uncertain

[15:35] {Threei} shrug

[15:35] {Threei} killjoy

[15:35] {wulff} which .20

[15:36] {Threei} never mind that

[15:36] {Threei} thought of LVS

[15:37] {dino} taking off, back on the 10th. good luck all

[15:37] {BillyD} enjoy dino

[15:37] {larisa} have a great vaction :)

[15:37] {larisa} +1

[15:37] {Threei} have fun dino

[15:37] {larisa} +a

[15:37] {larisa} lol

[15:38] {dino} ty all

[15:38] {fernp} enjoy dino

[15:43] {larisa} do we have time to close negative for a day ? :)

[15:43] {Threei} of course

[15:43] {Threei} 17 minutes more

[15:44] {Threei} just 85 points to go

[15:44] {Threei} wow WYNN

[15:44] {_matt} negative from open

[15:53] {Threei} won't happen... closing in green

[15:54] {Threei} but finish is suspicious

[15:54] {wulff} yup

[15:54] {_matt} :O can you elaborate on suspicious

[15:55] {Threei} sharp drop into close, not really looking good for uptrend continuation

[15:55] {_matt} thank you

[15:56] {Threei} too early to judge but this is gfirst alarm bell

[15:59] {Threei} okay guys, let's call it a day

[15:59] {Threei} thank you all, have a good evening

[15:59] {Threei} see you tomorrow

[15:59] {_matt} good calls today

[16:00] {larisa} bye