Jan 06 2011

Another "can't lose" day - every trade like clockwork, both long and short. SLW and MCP on a short side is just a gift that keeps giving. A few more names come in play now and then - NVDA,  RIMM etc.

Session Time: Thu Jan 06 00:00:00 2011
[08:05] {magoo} morning
[08:05] {nemo} yep
[08:09] {jfjf64} morni
[08:09] {jfjf64} mornin
[08:20] {nemo} seeing anything of interest mags?
[08:32] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 409K V 408KE; CONTINUING CLAIMS: 4.103M V 4.08ME- Prior Initial Jobless Claims revised higher from 388K to 391K - Prior Continuing Claims revised higher from 4.128M to 4.150M - 4 week Avg claims: 411K v 414Kprior
[08:49] {nemo} big bid .75 rimm
[08:52] {magoo} mcp short
[08:52] {magoo} today may be THE day
[08:53] {magoo} SHZ short too
[08:53] {Threei}  I love the idea
[08:53] {Threei}  timing won't be easy
[08:53] {Threei}  but worth the hunt
06[08:53] * Threei slaps magoo around a bit with a banner "Award for the best trading idea of the day"
[08:54] {magoo} also, on cnbc last nite, they all bashed mcp bad
[08:54] {magoo} said get out
[08:54] {Threei}  well, that could cause more difficulties shorting it than help
[08:54] {Threei}  trap for premature shorts
[08:54] {Threei}  and then mind-boggling drop, AFTER they get killed
[08:55] {magoo} i know, kiss of deth
[08:55] {magoo} but it and shz showed weakness yesterday
[08:55] {Threei}  yeah... let's watch for a good setup, but let's be smarter than average CNBC watcher
[08:55] {Threei}  they may simple weaken with PMs on Euro weakness
[08:55] {Threei}  look SLW, GLD
[09:00] {nemo} those .75 bids got eaten
[09:00] {nemo} dropping
[09:01] {Threei}  if it weren't premarket, I'd shirt this with no thinking at all
[09:01] {Threei}  well, who am I kidding... "no thinking" part is kind of implied anyway
[09:06] {magoo} dont want to miss them ahain, so u wathing gls. slw as shorts?
[09:06] {Threei}  SLW, yes
[09:08] {larisa} gm :)
[09:08] {Threei}  larisa :)
[09:08] {larisa} vad :)
[09:09] {RonS} John
[09:09] {RonS} Marsha
[09:09] {RonS} :)
[09:09] {Threei}  hmmm... drinking early today I see?
[09:09] {Threei}  man after my own heart
[09:09] {nemo} wtf?
[09:10] {nemo} tell beauregard to get a cup of coffee
[09:10] {RonS} i wish...need to...still have a sore throat
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:17] {dino} magoo, rare metals fund lit, maybe safer way to short
[09:19] {magoo} symbol LIT?
[09:20] {harth} mornin crew:)
[09:20] {Threei}  harth :)
[09:20] {dino} y
[09:21] {ese} morning
[09:21] {Threei}  ese :)
[09:22] {ese} lvs
[09:22] {ese} mornin vad
[09:29] {nemo} oy, rimm break?
[09:29] {Threei}  dunno
[09:29] {Threei}  it's too volatile at the open
[09:29] {nemo} aig drop
[09:31] {Threei}  see RIMM?
[09:32] {Threei}  watching MCP for short
[09:32] {Threei}  half lot
[09:32] {Threei}  59 break
[09:32] {Threei}  if stays under .15
[09:32] {Threei}  not yet
[09:33] {Threei}  way too volatile
[09:33] {Threei}  got away
[09:34] {magoo} crap
[09:34] {Threei} Short Setup: SLW  .35 break
[09:35] {Threei}  1:1
[09:35] {Threei}  1:2
[09:35] {jfjf64} beauty
[09:35] {jfjf64} 3i  eaten  his  wheaties
[09:35] {magoo} reading that well vad ty
[09:35] {jfjf64} lv it
[09:37] {Threei} Short Setup: SHZ  .90 break
[09:37] {Threei}  if stays under 10
[09:37] {magoo} its weak
[09:37] {magoo} range yesterday between 10.33 - 9.90
[09:39] {Threei}  SLW is bottomless
[09:40] {jfjf64} chk
[09:41] {jfjf64} .29
[09:41] {jfjf64} break
[09:41] {jfjf64} hold .19
[09:41] {dino} .
[09:42] {Threei}  SHZ invalidated
[09:42] {Threei}  CHK is two sided setup, jf
[09:42] {jfjf64} which  ya  prefer
[09:43] {Threei}  short
[09:43] {jfjf64} holdin
[09:43] {jfjf64} nicely
[09:43] {jfjf64} in
[09:43] {magoo} AIG vad look
[09:43] {jfjf64} short
[09:43] {jfjf64} lol
[09:43] {jfjf64} .18
[09:44] {Threei}  need pullback on AIG
[09:44] {magoo} or short if IF mkts weak
[09:45] {nemo} X
[09:47] {magoo} theres the AIG sghort
[09:47] {magoo} naz green
[09:48] {jfjf64} no go  chk  short
[09:48] {dino} fdo sm l .84
[09:48] {Threei}  still holding .30
[09:49] {jfjf64} yes
[09:49] {Threei}  not anymore
[09:49] {jfjf64} lol
[09:49] {jfjf64} took .28
[09:50] {nemo} mlm dino
[09:51] {ese} lvs straight dn then straight up
[09:51] {dino} thx
[09:52] {RonS} mlm...was there not a change in govt contracing rules that materially adversely impacts mlm and somebody else?
[09:53] {dino} us govt rule change mlm
[09:53] {RonS} guess not...Materials weighed on the S&P 500 after UBS cut its stock-investment ratings on two construction aggregate companies to "neutral" from "buy," noting the stocks' strong performance in the fourth quarter even as the political appetite for road spending grew more uncertain. Vulcan Materials (VMC:$41.1699,$-0.0901,-0.22%) fell 5.2%, while Martin Mariet
[09:53] {dino} opps sorry ron
[09:54] {dino} gap around82.74
[09:55] {Threei} Short Setup: MCP  59 break half lot
[09:56] {Threei}  if stays under .20
[09:56] {larisa} I have it 58 ?
[09:56] {nemo} huh?
[09:56] {Threei}  sheesh
[09:56] {Threei}  you guys
[09:56] {jfjf64} ty larisa
[09:56] {dino} fdo stopped -.32
[09:57] {Threei}  1:1
[09:58] {nemo} I thought it invalidated at .21
[09:58] {magoo} mcp, wish it would have 7 point down day lol
[09:58] {Threei}  1:2
[09:58] {larisa} lol , with this thing just close eyes and push :)
[09:59] {Threei}  it was right at .21 at the moment of the call
[09:59] {magoo} in that call vad
[09:59] {Threei}  held below ever since
[09:59] {Threei}  and what does 1 cent matter on such volatile stock?
[09:59] {Threei}  out in full
[09:59] {Threei}  .33
[10:00] {Threei}  +.65
[10:00] {magoo} still in
[10:01] {nemo} chkp
[10:01] {Threei}  (US) US Treasury Sec Geithner: US would default if the debt ceiling is not raised; could be 'catastrophic'
[10:01] {magoo} thats not good news
[10:02] {Threei}  as if they dare not to raise it
[10:05] {magoo} VRX VRX
[10:06] {dino} raises guidance
[10:06] {Threei}  ugh... missed another SLW short
[10:07] {dino} vrx sm s .15
[10:09] {ese} mags any thoughts on rimm
[10:09] {nemo} he hates it?
[10:09] {ese} 60 lookin like support to me
[10:09] {Threei}  lol
[10:09] {magoo} havent even had chart up on it in new year, i hate rimm
[10:09] {magoo} lol
[10:09] {ese} too funny
[10:10] {ese} point well taken
[10:10] {magoo} im looking short at everything
[10:10] {magoo} still short MCO from 59
[10:10] {magoo} oops 58 lol
[10:10] {nemo} i's near where rimm broke yesterday
[10:10] {magoo} but mkts look weak
[10:11] {magoo} SHZ looks short
[10:11] {Threei}  you reentered MCP or sat through that bounce??
[10:11] {Threei} Short Setup: SLW  .50 break
[10:11] {magoo} partaled and sat rest
[10:11] {magoo} look SHZ
[10:12] {magoo} out .84 MCP
[10:12] {magoo} ty vad
[10:13] {Threei}  welcome... I am not delighted by this way to manage the trade but whatever works
[10:13] {dino} cov vrx .39, +.76, ty magoo
[10:13] {magoo} i know, but i was in/out it all dayyester, have a good feel on it
[10:14] {magoo} its going lower, but need a bounce
[10:14] {Threei}  that's fine, but if you exited on trailing stop and rentered into bounce, I'd applaud
[10:14] {Threei}  SLW 1:1
[10:14] {RonS} Obama Set to Retool White House Team for Second Half of Term
[10:15] {magoo} i thought a partial would be ok in your world
[10:15] {Threei}  new tools instead of old tools?
[10:15] {dino} he needs to re-tool hois attitude
[10:15] {RonS} out w/ the old tools, in wi/ new tools
[10:15] {Threei}  missing the point mags
[10:15] {Threei}  partial sure,
[10:15] {dino} msb, mt blood
[10:15] {Threei}  but then for the balance, not to trail stop and sit thro8ugh the bounce into negative territory?
[10:16] {dino} tsco too
[10:16] {Threei}  no way I'd do that
[10:16] {magoo} gotcha...vodka?
[10:16] {Threei}  sure
[10:16] {Threei}  just because, or as a peace offering?
[10:16] {magoo} just because
[10:17] {Threei}  even better
[10:17] {nemo} rimm db?
[10:17] {dino} vrx
[10:18] {Threei}  doesn't look right, RIMM
[10:18] {magoo} like general patton said, tell that russian SOB i not have drink with him...russian general replies "u are a SOB too" patton replies " well ill drink one SOB to another"
[10:18] {Threei}  lower lows on increasing volume
[10:19] {nemo} high volume hammper
[10:19] {nemo} hammer
[10:19] {nemo} bottom might be close
[10:19] {Threei}  .05 break now RIMM
[10:19] {Threei}  two hammers
[10:20] {Threei}  one of them is extreme volume spike
[10:20] {nemo} turning into a rolling pin
[10:20] {dino} tsco sm l .50
[10:20] {Threei}  invalidated if loses .90
[10:20] {Threei}  so far so good
[10:20] {nemo} short if lose .90?
[10:20] {Threei}  grrrr SHZ
[10:21] {Threei}  darn thing totally got away
[10:21] {Threei}  not sure about RIMM short
[10:21] {Threei}  maybe if consoilidates for a while
[10:21] {nemo} dino mlm
[10:22] {Threei}  that .90 short trigger SHZ,,, never got reestablished, just went through with no setup
[10:22] {dino} see it
[10:22] {Threei}  RIMM
[10:22] {Threei}  ready
[10:22] {nemo} too fast
[10:22] {Threei}  nt at all
[10:23] {nemo} shot through .05
[10:23] {Threei}  you are not watching them at the moment of trigger?
[10:23] {Threei}  1:1
[10:23] {dino} mt sm l .15
[10:24] {magoo} vad, u looking higher RIMM?in
[10:24] {Threei}  dunno, I took scalp
[10:24] {nemo} .80 area mags
[10:25] {Threei}  it's a nice clean setup, but this stock and this move is not the theme of the day to me
[10:25] {magoo} i waiting .34
[10:25] {nemo} MOS long .50 break
[10:25] {nemo} ?
[10:25] {Threei}  see RIMM?
[10:25] {magoo} F'in RIMM
[10:25] {nemo} wait
[10:25] {Threei}  it's just not worth it
[10:25] {dino} i hate rimm and appl
[10:26] {magoo} why ive left it
[10:26] {nemo} it followed spy look
[10:26] {dino} rinse machines
[10:26] {Threei}  MOS... I think so
[10:26] {ese} L lvs .97
[10:26] {ese} 1/2
[10:26] {magoo} 8 days ago SHZ was 4 bux
[10:26] {Threei}  my view is, it;'s fine for this kind of setup as it formed at .05, but it's not something to stick around
[10:27] {Threei}  take the profit
[10:27] {Threei}  let it be
[10:27] {Threei}  there are other worlds
[10:27] {magoo} agree vad...vodka?
[10:28] {dino} "better worlds"
[10:28] {Threei}  wait... I need breakfast first
[10:28] {Threei}  MOS invalidated
[10:29] {magoo} nemo RIMM target still looks good to .37-.44
[10:29] {magoo} nOPE
[10:30] {magoo} scroll up, i wished MCP down 7 today, its down 5
[10:31] {magoo} 7 coming
[10:31] {dino} you need a rocking horse
[10:31] {jfjf64} aeo
[10:31] {jfjf64} rollin
[10:32] {dino} :D
[10:33] {dino} idcc spike
[10:34] {magoo} god dammit MCP, i called this premkt
[10:34] {Threei}  Euro vs US Dollar Euro moves below 1.3060 level for fresh 5-week lows- The pair tested 1.2967 in late Nov 2010
[10:36] {ese} lvs stop to break even
[10:36] {ese} .97
[10:38] {jfjf64} tjx
[10:38] {jfjf64} h/s
[10:38] {magoo} SHZ no longer avail short
[10:38] {dino} sm s idcc .01
[10:39] {dino} msb sm l .15
[10:41] {ese} L another 1/2 lvs avg .06
[10:41] {ese} stop.00
[10:43] {Threei}  US) Senator Schumer (D-NY): House GOP proposals on deficit will be blocked by the Senate democrats; there must be a bipartisan effort to bring down deficit
[10:43] {magoo} wish we get decent bounce MCP to short
[10:44] {jfjf64} 3i
[10:44] {jfjf64} tjx  s .30
[10:44] {magoo} 3ii
[10:44] {jfjf64} ??
[10:44] {magoo} ???
[10:44] {dino}  ????
[10:45] {Threei}  don't like it
[10:47] {jfjf64} ty
[10:48] {magoo} u guys think im nuts, but its 7 down
[10:48] {magoo} tHATS WHAT I DO
[10:49] {magoo} SHZ 8.60 coming
[10:49] {dino} idcc bstop to .80
[10:50] {dino} tsco to flat
[10:50] {nemo} rimm break .30?
[10:50] {Threei}  nah
[10:50] {magoo} better buy on a pllbk rimm
[10:51] {magoo} i do think .44 then .64 coming RIMM
[10:52] {dino} tsco out flat
[10:52] {magoo} WAIT, ugly futes here tho
[10:52] {dino} to .71 idcc
[10:53] {Threei}  new lows Euro
[10:53] {nemo} mlm just keeps going
[10:54] {dino} bottom nemo/
[10:54] {dino} ?
[10:54] {nemo} S3 is .15 below that around 81 imsp
[10:54] {nemo} imso
[10:55] {ese} (CA) Fitch calls Canadian banking industry stable for 2011- Sees credit costs as manageable, with positive retail loan growth (related: RY NA.CA BMO.CA BNS TD CM )
[10:55] {magoo} SHZ
[10:55] {ese} duh!
[10:55] {magoo} only like it short
[10:57] {dino} to .61  idcc
[10:57] {ese} whats the deal with the mrkt....did i miss some news
[10:57] {magoo} futes ugly, im predominently short bia today
[10:57] {dino} ndx positive
[10:58] {ese} sp took this big tank
[10:58] {magoo} futes are rolling over
[10:58] {ese} dn .20
[10:58] {Threei}  remember I was talking yesterday about troubles distiguishing the main trend?
[10:58] {Threei}  gree day, red day, green day
[10:59] {magoo} vad, see if SHZ avail short now, i cant
[11:00] {Threei}  no
[11:00] {dino} to .48 idcc
[11:00] {magoo} ty
[11:00] {Threei}  just keep in mind, it can change
[11:01] {dino} tighten
[11:01] {dino} to .43
[11:02] {dino} cov .42, +.59 idcc
[11:03] {ese} lvs stopped .07 +.01
[11:03] {ese} turd!
[11:03] {magoo} vad, RIMM holds well, your read tho..keep eye on it
[11:03] {ese} wait a minute........you hate rimm
[11:04] {magoo} but thats why i ewant vad calling it
[11:05] {magoo} mkts coming apart here
[11:05] {dino} sgg/sugar blood
[11:06] {ese} dn dn dn dn......"drummer keep it goin"  "right on time" "goin" goin"     The Temptations - tune is called "Superstar"
[11:06] {Threei}  why would you want me to call a stock I don't have a read on
[11:06] {dino} mt stopped -.26
[11:06] {Threei}  when I had, I made a call
[11:07] {dino} where do you guys find futures? symbol?
[11:07] {magoo} i just want u to keep eye on it, u got 3...whats the problem lol
[11:08] {Threei}  MCP becopmes a bounce canbdidate
[11:09] {Threei}  read this
[11:09] {Threei}  EU provides additional recommendations on bank failures - financial press- Expects lenders and shareholders to provide more to bailed out banks - Rules implemented should be forward looking, apply to new bonds and rolled debt - Regulations should provide the power to adjust bank business practices, management; lead to creation of a national bailout fund for banks
[11:09] {Threei}  can uyou believe it?
[11:10] {magoo} look AIG
[11:10] {magoo} yesterdayi was saying it usually red bars down hard
[11:12] {magoo} i hate that stock too
[11:19] {nemo} bottom in
[11:21] {dino} mnro sm l .00 trig
[11:24] {dino} in
[11:25] {dino} mt sm l .84
[11:25] {dino} vrx sm s .35
[11:27] {dino} stop -.30 vrx
[11:27] {nemo} would think it would test the day's highs
[11:28] {dino} forgotten order, yellow hit screen, wtf was that
[11:30] {ese} did you get stopped out on that dino....vrx
[11:30] {dino} yes -.30
[11:30] {ese} what.......i don't see anything on my screen
[11:30] {dino} first time made .76
[11:31] {dino} above posted'
[11:31] {dino} how high did it go nemo, .80?
[11:32] {nemo} .83
[11:32] {dino} ty
[11:32] {ese} L tbt .97
[11:34] {dino} tsco thoughts nemo, ese?
[11:34] {dino} msb?
[11:35] {ese} i'd be waitin abit
[11:36] {ese} what was the news
[11:37] {nemo} tsco  44.10  43.10 42.55
[11:39] {nemo} here a possibility too
[11:42] {nemo} msb  .95 is S3 support 36.49 34.20
[11:43] {dino} thx
[11:47] {nemo} rimm momo again
[11:48] {dino} sgg sm l .85 trig
[11:54] {dino} scratch it
[11:56] {dino} can't get thru .85
[11:59] {nemo} CMA long .72?
[12:00] {nemo} increasing volume of course
[12:00] {RonS} Romanian witches use spells to protest new taxes
[12:01] {magoo} COCO
[12:02] {dino} lol, good luck w/that
[12:03] {RonS} magoo? :    http://news.nationalpost.com/2010/12/30/victoria-river-mysteriously-turns-bright-green/
[12:04] {Threei}  I thought it was nemo
[12:04] {nemo} strange stuff going on in the world
[12:05] {Threei}  well, in this case it's just idiocy of stupid pranksters
[12:07] {nemo} tef short .00 break?
[12:07] {nemo} lotta volume here
[12:09] {Threei}  not sure
[12:09] {nemo} already broke
[12:09] {Threei}  pace slowed down everywhere
[12:09] {Threei}  even on MCP
[12:10] {nemo} lunch time
[12:10] {dino} yhoo sm l .1`7 buyout rumors
[12:10] {Threei}  by MSFT again?
[12:10] {dino} yes
[12:11] {dino} swinging it
[12:25] {Threei}  it's one of those neverending sagas
[12:25] {Threei}  if I fall asleep for 100 years, first headline I expect to read upon awakening is "MSFT makes 147th bid for YHOO"
[12:26] {dino} perhaps
[12:26] {nemo} veco .30 break
[12:26] {ese} ibn dino
[12:27] {ese} L ibn .00 1/2
[12:28] {dino} hmmm
[12:28] {ese} stop .93
[12:29] {ese} lets see what happens
[12:31] {ese} stopped
[12:31] {dino} down hard over 5 dats
[12:31] {dino} days
[12:31] {ese} ya
[12:33] {nemo} X here vad?
[12:33] {dino} sgg
[12:33] {Threei}  just looked at it too
[12:33] {Threei}  most likely, yes
[12:33] {Threei}  .35 break
[12:34] {Threei}  stop under .25
[12:40] {Threei}  nah
[12:42] {nemo} .09 next likely spot
[12:45] {Threei}  rinse
[12:45] {nemo} in .31
[12:45] {Threei}  1:1 then
[12:45] {Threei}  good entry
[12:46] {nemo} dino lucy
[12:46] {nemo} lucky
[12:47] {magoo} OY
[12:47] {Threei}  lol
[12:47] {dino} lol
[12:48] {nemo} 1/2 out .50
[12:48] {dino} gj
06[12:48] * Threei slaps nemo around a bit with a large bag of dino's luck, packaged and shipped by Magoo Packaging Inc
[12:49] {nemo} stop to .34
[12:49] {Threei}  don't you love it - he is in trade, too busy to fight back
[12:49] {Threei}  perfect moment to strike
[12:50] {nemo} setting up another break here
[12:51] {magoo} somehow me thinks he seek revenge
[12:54] {Threei}  yeah... next time that river wioll turn fluorescent yellow
[13:01] {magoo} i could be wrong, but i dont see the dip buyers saving today
[13:02] {Threei}  I can't tell one way or another yet
[13:02] {dino} i don't think we're down very much
[13:02] {Threei}  -33 dow
[13:02] {dino} big deal
[13:02] {Threei}  3.3 points S&P
[13:03] {Threei}  nah
[13:03] {dino} give me 150 and 15 then we are down imo
[13:05] {magoo} im thinking 100 down
[13:05] {nemo} out 2nd half .34
[13:06] {Threei}  good maangement and discipline
[13:07] {dino} sm l sgg .50 risky gappy
[13:07] {nemo} another Rorschach test
[13:07] {dino} lol
[13:08] {nemo} Watchmen-great movie...btw
[13:11] {magoo} MCP appr lows
[13:12] {magoo} big seller smashed 54 bids
[13:13] {dino} yhoo to flat
[13:19] {dino} sgg stopped -.35
[13:31] {dino} artc
[13:31] {ese} L mck .90
[13:34] {ese} it's got the right news item.....negative....so it should go up
[13:38] {ese} out .96 +.06
[13:39] {ese} i'm done for the day.......i've made $6.27 today......i'll see ya tomorrow it's choir time
[13:39] {Threei}  take care ese
[13:40] {ese} cya vad
[13:40] {Threei}  no one pays attention to me...
[13:40] {Threei}  not ese surely
[13:40] {ese}  i do
[13:40] {Threei}  my calls made much more :)
[13:40] {Threei}  but don't try to make me feel better, I am very comfortable in my suffering
[13:41] {ese} have messin with tbt and tlt  in out in out  etc etc....trying something out the last couple of days
[13:41] {ese} no luck really.......give it one more shot tomorrow
[13:41] {ese} cya
[13:44] {dino} cya es
[13:45] {dino} darn dialup
[13:46] {Threei}  lol
[13:48] {Threei}  doesn't look like market is going to make ay new lows anytime soon
[13:48] {Threei}  I would try to scalp pullbacks on a long side
[13:48] {Threei}  no breakouts
[13:50] {magoo} 3 pm collaspe
[13:52] {magoo} look NVDa volume today
[13:55] {_kschun} nvda on resistance now (weekly)
[13:57] {magoo} MON hammered
[13:59] {Threei}  SLW
[13:59] {Threei}  still looks like short to me
[14:00] {_kschun} URBN strong again
[14:03] {Threei} Short Setup: MON  .90 break half lot
[14:03] {Threei}  invalidated, but idea is still here
[14:04] {Threei}  loking for different trigger
[14:04] {Threei}  71 break if stays under .10
[14:04] {nemo} 200 ma is .16 and vwap is .18
[14:06] {magoo} in
[14:07] {magoo} waitin .78
[14:08] {Threei}  mass fish kill in Maryland now
[14:08] {Threei}  wtf is happening
[14:08] {nemo} 2012 on the way
[14:09] {Threei}  next thing we know, dolphins left earth saying So long and thanks for the fish
[14:12] {_kschun} MON trade: if after close there is some short time would like to ask some things about this call if o.k. for you vad?
[14:13] {Threei}  ask now
[14:13] {magoo} stopped out
[14:14] {Threei}  it invalidated before triggering
[14:14] {_kschun} easy. for me this stock really doesnt look like a short. up move on strong volume, down moves on light volume. what is your idea behind it? just asking, no offend!
[14:14] {Threei}  not sure why you took it
[14:14] {Threei}  downtrending stock, bounce after 50 cents selloff
[14:15] {Threei}  simply looking to short the bounce
[14:15] {magoo} oh crap, thoughtit was .00 break (usually my trigger)
[14:15] {magoo} my bad
[14:15] {Threei}  yes but:
[14:15] {Threei}  14:04] {Threei} 71 break if stays under .10
[14:15] {Threei}  if went to .17
[14:15] {Threei}  which is considerable above .10
[14:16] {Threei}  you could have modified it to:
[14:16] {Threei}  .10 break if stays under .20
[14:16] {Threei}  but then you had 20 cents, 1:2
[14:16] {Threei}  and would have taken the profit
[14:18] {RonS} rimm l w/ 25 break?
[14:18] {Threei}  yikes
[14:18] {Threei}  no way
[14:19] {_kschun} o.k. thanks!
[14:19] {_kschun} wanted to go long under .60 but just missed the sucker...
[14:19] {_kschun} oh sorry for world, please excuse!
[14:20] {_kschun} word...
[14:22] {magoo} next call just say"magoo get in now" ok
[14:24] {_kschun} :-)
[14:25] {Threei} Short Setup: SLW  .90 break
[14:25] {_kschun} trying little COH for possible swing
[14:26] {magoo} say when vad :)
[14:26] {Threei}  lol
[14:26] {Threei}  hen it breaks .90 :)
[14:26] {Threei}  when
[14:27] {Threei}  2 explosions in Maryland givt buildings
[14:27] {Threei}  govt
[14:27] {RonS} ...the fish tanks?
[14:28] {Threei}  that 2012 may turn a challenge to reach, before it becomesd a challenge to survivce, lol
[14:28] {Threei}  RIMM exploded too
[14:30] {RonS} 'jus sittin around, feeling like jf...
[14:33] {Threei}  hit 1;1
[14:34] {RonS} ...hearing Omumble on TV
[14:34] {Threei}  yes
[14:35] {Threei}  announicing daley as chief of staff
[14:35] {Threei}  mags, you are aware that it's time to cover at least half SLW, right?
[14:35] {magoo} OH SH#T..ty
[14:35] {Threei}  don't want you to say later "you didn't tell me when to cover"
[14:35] {Threei}  lol
[14:36] {magoo} out .76
[14:36] {magoo} now thats how to run a trade room
[14:36] {magoo} "magoo get in NOW...magoo get out NOWWWWWW"
[14:40] {magoo} nvda sh loss .00
[14:40] {magoo} vad opinion?
[14:40] {Threei}  I think so
[14:42] {nemo} seller stepping down
[14:47] {Threei}  1;1
[14:47] {Threei}  like clockwork
[14:47] {Threei}  magoo, cover NVDA
[14:48] {magoo} ok
[14:48] {magoo} like this LOL
[14:48] {_kschun} :-)
[14:50] {nemo} veco short vad?
06[14:50] * Threei slaps magoo around a bit with a larege banner saying "Koostomer's satistfaktion is our task #1!"
[14:50] {Threei}  hmmm
[14:50] {Threei}  no idea
[14:50] {Threei}  chart's right but this one is too thin for my taste
[14:50] {nemo} veco short dino?
[14:51] {Threei}  NVDA 1:2
[14:51] {dino} break of .75 maybe
[14:51] {Threei}  magoo, cover second part
[14:51] {magoo} out
[14:51] {nemo} I was looing at .90 gonve for me
[14:51] {magoo} ty
[14:51] {nemo} gone
[14:52] {Threei}  and sorry for misspelling satisfaktion, it should read satisphakshion
[14:54] {_kschun} GREAT call in SLW man!
[14:56] {dino} tfm drop
[14:57] {_kschun} what was idea behind SLW, only technical (daily yelling for a short :-) or also news related?
[14:59] {Threei}  you need to study our basic setups
[14:59] {Threei}  that was what we call DBI
[15:00] {dino} yeah, and magoo has tb (two bellies)
[15:00] {_kschun} o.k. will be done maestro :-)
[15:00] {_kschun} :-) dino :-)
[15:01] {Threei}  GS
[15:01] {Threei}  The Goldman Sachs Group Inc ACA Financial Guaranty sues Goldman Sachs for fraud- ACA Financial Guaranty Corporation (ACA), a monoline bond insurance company now operating in run off, filed suit today against Goldman Sachs & Co. (Goldman Sachs) for fraud and unjust enrichment in connection with a synthetic collateralized debt obligation (CDO) called ABACUS 2007-AC1 (ABACUS), which Goldman Sachs developed and sold on behalf of its hedge fund client Paulson & Co. Inc. (Paulson) in 2007. ACA was misled by Goldman's fraudulent activities and is seeking $30 million in compensatory and $90 million in punitive damages
[15:03] {_kschun} long some spy
[15:03] {_kschun} .22, hold above .20, first part target .32
[15:04] {_kschun} out if .25 holding
[15:10] {_kschun} GS worth a short vad?
[15:10] {Threei}  nah
[15:10] {Threei}  not on news, anyway
[15:11] {Threei}  didn't react at all
[15:11] {_kschun} o.k. thanks
[15:11] {RonS} dino, struggling w/ reason(s) for the msb selloff...
[15:12] {Threei}  dead birds in Sweden
[15:12] {_kschun} trying a little GS, stop over .50
[15:12] {Threei}  wthat the deuce?
[15:12] {_kschun} oh not the birdies...
[15:13] {dino} same ron
[15:13] {_kschun} GS: probably gona say to me after the trade: why didn't I listen to the chief... :-)
[15:13] {Threei}  MSB says not aware of any developments
[15:14] {dino} -21 points since mid december
[15:14] {magoo} mcp vad lok at 3 volume bars on sell
[15:15] {_kschun} some bid taking in GS
[15:16] {Threei}  sorry mags, no read
[15:26] {_kschun} brokers look weak, etrade on lows, others reversing instead of IB
[15:26] {dino} mt stopped .89, +.05
[15:29] {dino} mnro stop is .94
[15:33] {nemo} gotta' go see you tomorrow
[15:34] {Threei}  take care nemo
[15:34] {_kschun} o.k. great eve go you
[15:34] {dino} cya nemo
[15:34] {dino} out mnro -.07
[15:36] {magoo} bye nemo
[15:37] {magoo} dial up
[15:38] {_kschun} trying some AMTD
[15:45] {_kschun} out second half on entry
[15:46] {_kschun} trying some BBBY, maybe hold some for a swing
[15:47] {_kschun} in front of heavy resistance, very, very tight stop. must take out .80 until close or gona trow it
[15:54] {Threei}  (US) CFTC to vote on position limits on Jan 13th
[15:54] {Threei}  this will be interesting
[15:55] {_kschun} vad what do you think on a long swing BBBY
[15:55] {_kschun} ?
[15:55] {Threei}  I see absolutely no reason for hat, ither way, long or short
[15:56] {Threei}  look... there is a methodology under our trading
[15:56] {Threei}  certain setups
[15:56] {Threei}  there is a setup - we yrade it
[15:56] {Threei}  trade
[15:56] {Threei}  no setup - we don't think, guess and gamble
[15:56] {_kschun} o.k. thanks.
[15:56] {Threei}  what is the reason for BBY swing?
[15:56] {Threei}  it retreated from highs on daily,
[15:57] {Threei}  hit 20 MA
[15:57] {_kschun} pulling back to moving average, hammer forming means bids holding.
[15:57] {Threei}  yes
[15:57] {Threei}  there is another MA below,
[15:57] {Threei}  there is lower BB below,
[15:57] {_kschun} however don't like the volume price relation too much, could be better
[15:57] {_kschun} :-)
[15:57] {Threei}  what makes you think this partiocular one is what it's goling to bounce from?
[15:57] {Threei}  how many stocks drop all the way to lower BB before stabilizing?
[15:58] {Threei}  why not this one?
[15:58] {Threei}  BB is at 46.37 now
[15:59] {Threei}  there is also gap to close, 48.20
[15:59] {Threei}  50 MA at 46
[16:00] {Threei}  out of all this crap, how do you pick this 20MA as the most sugnificant?
[16:00] {magoo} ty all
[16:01] {magoo} good nite
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good night, see you tomorrow
[16:01] {_kschun} O.K. I just explain you my swing setups: pull back on lower volume to ma, holding above ma. strong sector action.
[16:01] {_kschun} closing on highs and lots of other things I am looking at
[16:01] {_kschun} but I agree on all your concerns.
[16:01] {Threei}  it all well and nice but it's not my setup
[16:02] {dino}  thx all, gn
[16:02] {_kschun} o.k. no prob. like this setup because it's low risk for swings.
[16:02] {jfjf64} gn  all
[16:02] {_kschun} however like the way you are thinking.
[16:02] {_kschun} night all, thank you very much vad!
[16:02] {dino} vrx

Jan 05 2011

One of those "can do no wrong" days. Everything worked like charm, short and long, materials and financials. Trader's dream day.

Session Time: Wed Jan 05 00:00:00 2011
[08:16] {magoo} morn
[08:16] {nemo} haroo
[08:17] {Threei}  *(US) DEC ADP EMPLOYMENT CHANGE: +297K V +100KE- Prior revised higher from +93K to +92K
[08:17] {Threei}  morning
[08:39] {nemo} whoa, what happened to msi?
[08:41] {Threei}  it replaced MOT
[08:42] {nemo} oh, they split up the companies?
[08:42] {Threei}  not sure about exact arrangement but stock wise, Motorola Solutions is MSI now, and MOT no longer trades
[08:43] {nemo} there's also mmi
[08:43] {Threei}  that one is for Motorola Mobility
[08:43] {Threei}  it becomes too complicated for simple me
[08:44] {nemo} yes
[08:44] {Threei}  ideally, my world comes to:
[08:44] {nemo} you leave your shoes and socks off so you can count to twenty?
[08:44] {Threei}  me buy stock,
[08:45] {Threei}  stock go up,
[08:45] {Threei}  me sell stock.
[08:45] {Threei}  why on earth would I need to count to twenty??
[08:46] {Threei}  I question the need in ten
[08:59] {nemo} coh strong resistance at 52.50 and no support until 50.60
[09:04] {RonS} "Xing ing in the rain..."  heard from a Queensland investor...
[09:04] {RonS} gm btw   :D
[09:04] {Threei}  ron :)
[09:07] {RonS} FDO becomes fido...
[09:09] {ese} morning
[09:10] {Threei}  ese :)
[09:12] {dino} gm all
[09:12] {Threei}  dino :)
[09:12] {ese} dino, ron, dude!!
[09:13] {harth} mornin crew:)
[09:13] {Threei}  harth :)
[09:14] {dino} :D
[09:15] {larisa} gm :)
[09:15] {Threei}  larisa :)
[09:15] {larisa} :)
[09:16] {ese} athr....being bought by qcom
[09:17] {Threei}  interested in shorting SLW again
[09:18] {Threei}  lol XING
[09:19] {Threei}  time of flying POCs
[09:19] {nemo} POCs or POSs?
[09:19] {Threei}  either
[09:19] {RonS} ...does not the rare earth thing smack of Chinese manipulation?
[09:20] {RonS} ...i think it is a case study...
[09:20] {Threei}  smack?
[09:20] {Threei}  stinks to high heaven is more like it
[09:20] {Threei}  USD gap is nothing short of wow
[09:22] {RonS} fer instance...xing's purchase interest in that other mining co. was from a Chinese govt agency
[09:22] {RonS} classic pump and dump
[09:23] {ese} definite classic  pump and dump
[09:24] {ese} replace rare earth with tulips.......historically the same thing
[09:25] {magoo} weell...if we can time the dump we can get rich...so who cares
[09:25] {magoo} great opportunity
[09:25] {Threei}  isn't it what we do?
[09:25] {RonS} ya..."just one time Alice..."
[09:26] {ese} definitely mags
[09:27] {stewy} gd morning all
[09:27] {Threei}  stewy :)
[09:29] {Threei}  hopefully, SLW is more cooperative this morning so we can get a clear entry
[09:30] {Threei} Short Setup: SLW  .80 break half lot
[09:31] {Threei}  1:1
[09:31] {magoo} missed that
[09:31] {magoo} was .74 when i pullred it
[09:31] {Threei}  cover half who got it
[09:31] {Threei}  1:2
[09:32] {Threei}  1:3, out
[09:32] {Threei}  aww, even that was too soon
[09:33] {jfjf64} mornin
[09:33] {Threei}  jf
[09:33] {jfjf64} hmm
[09:33] {magoo} jesus christ
[09:33] {Threei}  sheesh, almost a dollar
[09:33] {magoo} .74
[09:33] {jfjf64} late to  work
[09:33] {jfjf64} grr
[09:33] {jfjf64} nice 3i
[09:33] {Threei}  bounce time
[09:33] {magoo} anyone catch that?
[09:34] {Threei}  35 break, half lot
[09:34] {Threei}  1:1
[09:34] {Threei}  XOMA
[09:34] {ese} nice call vad......missed it
[09:34] {Threei}  grrr
[09:34] {jfjf64} out .15
[09:34] {jfjf64} ty
[09:34] {Threei}  :)
[09:35] {Threei}  was keeping it on a screen for bounce, but that was totally out of nowhere
[09:35] {Threei}  if pulls back to about .15 - .20 interested again
[09:36] {dino} ipi sm l .75
[09:36] {jfjf64} xoma
[09:36] {Threei}  SLW, same setup again
[09:36] {jfjf64} correct
[09:36] {Threei}  for double bottom
[09:36] {jfjf64} slw
[09:37] {Threei}  35 break if holding .85
[09:37] {Threei}  XOMA, in .22
[09:37] {Threei}  stop under .15
[09:37] {magoo} in .24'
[09:37] {Threei}  SLW invalidated
[09:38] {Threei}  XOMA 1:1
[09:38] {Threei}  ummm... more but who cares
[09:38] {Threei}  my math lags my trading
[09:38] {Threei}  clean pullback exactly in ideal area
[09:38] {Threei}  {--- feels like mini-Nostradamus
[09:39] {Threei}  out XOMA in full
[09:40] {dino} msb sm l .42 wide
[09:41] {jfjf64} qcom
[09:42] {jfjf64} breakdn
[09:42] {jfjf64} ??
[09:42] {Threei}  not my cup of tea
[09:42] {magoo} XING vad read?
[09:42] {Threei}  flying pos
[09:43] {Threei}  if anything, I'd short it
[09:47] {dino} ipi to .15
[09:48] {Threei} Short Setup: XING  .65
[09:48] {Threei}  if stays below .75
[09:48] {Threei}  semi-aggressive for .60 break
[09:48] {dino} out ipi +.40
[09:48] {dino} tef sm l .26
[09:49] {dino} tsco sm l .45
[09:51] {dino} finl sm l .33
[09:52] {jfjf64} finnies  giddy up
[09:52] {Threei}  1:1
[09:53] {Threei}  half out
[09:53] {Threei}  not sure it has more in it, scalpers may be justified in taking full profit
[09:54] {magoo} any read X vad
[09:54] {Threei}  break
[09:54] {Threei}  long
[09:54] {magoo} agree
[09:55] {dino} finl to flat
[09:55] {Threei}  second half XING held by fingertips
[10:00] {Threei}  X 1:1 from 59 break
[10:01] {dino} rue spike
[10:03] {dino} tsco to b/e
[10:03] {dino} finl to .45
[10:03] {RonS} adsk   gs rates buy...
[10:06] {Threei}  finally XING
[10:06] {Threei}  was a nail-biter for a min
[10:06] {Threei}  stop to above .60
[10:07] {Threei}  MOS
[10:07] {Threei}  losing ground
[10:07] {dino} tsco to .75
[10:08] {Threei}  too jumpy, can't find short entry
[10:08] {dino} tef to .55
[10:08] {Threei}  grrr
[10:08] {dino} out tef .56 +.30
[10:08] {Threei}  leaving it be, not the risk possible to manage
[10:08] {dino} tsco to .80
[10:09] {Threei}  FAZ swing is stopped
[10:09] {dino} to .85
[10:09] {Threei}  new low on daily
[10:10] {dino} finl to .54
[10:12] {dino} tsco to .90
[10:12] {dino} out finl .55, +.22
[10:13] {magoo} out x .44 ty
[10:13] {Threei}  :)
[10:13] {dino} tef out .55, +.21
[10:14] {Threei}  SHZ Policy is not to coment on unusual market activity or rumors
[10:14] {Threei}  lol
[10:14] {dino} tef scratch last post
[10:14] {dino} too many going, confued
[10:14] {dino} confused
[10:14] {Threei}  I am confued even when nothing happens
[10:14] {dino} 5 for 5
[10:15] {Threei}  wtg
[10:15] {Threei}  4 for 4 here
[10:15] {Threei}  I think
[10:15] {Threei}  not sure, math is fuzzy
[10:15] {dino} ty, had 5 open at once
[10:15] {dino} tsco to .95
[10:15] {Threei}  especially after nemo suggested that I need to take socks off to count t0 5, for the reasons I can't comprehend
[10:17] {dino} out tsco, +.50
[10:19] {dino} msb to .73
[10:19] {jfjf64} abx  read
[10:19] {jfjf64} ??
[10:20] {Threei}  .30 break long...
[10:20] {Threei}  not overly enthusdiastic
[10:20] {dino} out .72, +.30
[10:23] {magoo} AIG nuts
[10:23] {ese} your on a roll today dino.....well done
[10:23] {dino} ty, got lucky
[10:24] {dino} (waiting for nemo to slap me)
[10:24] {ese} bs......ya got skill there fella
[10:24] {ese} L nbr .79
[10:28] {Threei}  nemo's asleep so let me help
[10:28] {ese} lol
06[10:28] * Threei slaps dino around a bit with a large bag of luck
[10:28] {nemo} oh...that's gonna' hurt...try this
06[10:28] * nemo slaps Threei around a bit with a large bag of horse shoes
[10:29] {Threei}  that did
[10:29] {Threei}  but why me
[10:29] {Threei}  dino' the lucky one
[10:29] {nemo} your lame slap
[10:29] {Threei}  that was last time I helped you...
[10:29] {nemo} we need a new command "shoves"
[10:30] {dino} lol
[10:30] {Threei}  *(US) DOE CRUDE: -4.16M V -2ME; GASOLINE: +3.3M V +1ME; DISTILLATE: +1.15M V +500KE;
[10:30] {magoo} if i hads my beloved mIRC id slap the sh&t out of all of ya
06[10:31] * nemo slaps magoo around a bit with a large bag of sh&t
[10:31] {nemo} oops...broke ;)
[10:31] {dino} lol
[10:31] {Threei}  janitor's getting angry
[10:32] {nemo} magoo said it first
[10:34] {Threei}  sigh...
[10:34] {Threei}  kindergarten
[10:34] {nemo} nursery school
[10:34] {nemo} or perhaps more appropriately...
[10:34] {nemo} reform school
[10:36] {dino} ipi sm l .43
[10:37] {nemo} rinsed bidu
[10:37] {nemo} oh jeez
[10:38] {Threei} Short Setup: AIG  59 break half lot
[10:38] {Threei}  not a scalp
[10:38] {Threei}  target is around .50 - .60
[10:39] {dino} ceph?
[10:39] {Threei}  short IMO
[10:40] {dino} hmmm
[10:42] {Threei}  AIG 1:1
[10:43] {nemo} what was stop above .20
[10:43] {Threei}  .15
[10:45] {Threei}  scalpers win
[10:49] {nemo} frickin bidu
[11:11] {dino} .
[11:12] {Threei}  NUAN...
[11:12] {Threei}  done or consolidating for more... or just stall
[11:18] {nemo} tna .01?
[11:19] {nemo} nevermind orders gone
[11:20] {nemo} back offer .00
[11:20] {nemo} whoa
[11:23] {dino} v
[11:24] {dino} jcg spike
[11:27] {RonS} J. Crew spikes 3 pts as Bloomberg TV reports that SHLD, URBN are said to weigh rival bids for co
[11:28] {dino} thx
[11:29] {RonS} ...since the whole reason for the co's success is the ceo, and he is part of the original takeout, this makes no sense
[11:29] {RonS} Mickey Drexler
[11:32] {nemo} looks like new highs today
[11:34] {ese} yup
[11:40] {Threei}  from the big picture point of view, this week's action is hard to decipher so far
[11:40] {Threei}  Monday was as bullish as they come - gap up and slow climb, finishing close to high
[11:40] {nemo} new spy highs coming
[11:41] {Threei}  Tuesday was as bearish as they come - hard slams, any bounce met with viciousselling,
[11:41] {Threei}  supports failing with not as much as attempt to hold,
[11:41] {nemo} yeah, but we only finished off .60 cents
[11:41] {Threei}  may I finish?
[11:42] {jfjf64} rude
[11:42] {Threei}  and only eod bounce helped the numbers stay moderate, although still red
[11:42] {nemo} may I interject
[11:42] {nemo} ?
[11:42] {Threei}  Today, pretty much repetition of Monday, slow climb wise,
[11:43] {Threei}  without any signifivcant pullback,
[11:43] {Threei}  without any chance for bears to breathe
[11:43] {Threei}  as far as I am concerned, jury is still out about which side wins,
[11:44] {Threei}  although intuitively, bulls look like more likely to come out on top
[11:44] {Threei}  Interject please
[11:44] {nemo} regular volume not until next week
[11:44] {nemo} spy bottomed yesterday perfectly at support
[11:44] {nemo} higher high higher low
[11:45] {dino} and i say mind that 2217 ndx gap
[11:46] {nemo} Qs bounced perfectly at suppot also
[11:47] {nemo} this week might be choppy, but trend still in tact...What's interesting is the high flyers got popped yesterday...not everything
[11:47] {nemo} with earnings coming, that will be the tell
[11:49] {dino} mnro sm l .95
[11:50] {Threei} Short Setup: NUAN  .40 break
[11:50] {Threei}  I will not insult your intelligence by indicating the stop
[11:54] {ese} L tmf sm .93
[11:58] {magoo} man, NUAN halted lol
[11:59] {ese} dino.....take a look at tmf for me.....so if i ride this out target would be about .40
[12:00] {dino} yes
[12:00] {ese} assuming the s6p still does some retracing
[12:00] {ese} s&p
[12:01] {ese} tks
[12:01] {nemo} 50 ma about .34 and climbing
[12:01] {dino} the only issue is its a rate play
[12:03] {ese} ya i got that
[12:04] {KSystems} Hey
[12:04] {ese} have been experimenting with tmf and tmv all morning
[12:04] {Threei}  hey KS
[12:04] {ese} up about 180 messing with tmv in out in out in out
[12:05] {ese} don't play these that often but am curious and i like the way they tend to hald a intraday trend
[12:05] {ese} hold
[12:07] {dino} why not just go long or short tlt?
[12:09] {ese} ya could ldo that to
[12:10] {dino} good then, lol
[12:10] {ese} out tmf .03 +.10
[12:10] {dino} gj'
[12:11] {dino} fdo thoughts? wanted db on it but...
[12:11] {ese} oops too soon....saw sp breaking to new highs and got out
[12:11] {nemo} been watching that
[12:13] {ese} tmf nemo?
[12:13] {nemo} fdo
[12:14] {dino} let me know what you do
[12:14] {dino} ehth?
[12:14] {nemo} first support .here, coud still retest, and next support around 44.68
[12:15] {ese} L tlt .99
[12:15] {nemo} mf not my cup of tea
[12:16] {dino} ehth sm l .49
[12:27] {nemo} tried fdo break of .30 got stopped .20
[12:28] {nemo} looks like it will be another rinse
[12:28] {dino} ehth stop to .57
[12:29] {dino} mnro to .35
[12:29] {nemo} and there's the rinse
[12:30] {dino} out ehth .60, reverse slip +.11
[12:31] {dino} that was a f job
[12:32] {dino} mnro to .40
[12:37] {dino} to .44
[12:41] {dino} out mnro .45, +.50
[12:42] {jfjf64} cat
[12:42] {jfjf64} bk dn
[12:42] {jfjf64} ??
[12:44] {nemo} lvs .90 break?
[12:47] {RonS} bby
[12:48] {RonS} BBY early...chatter Bill Ackman's next target/position is Best Buy, BBY- (from SELL SIDE DESK)
[12:48] {dino} fdo
[12:49] {jfjf64} 3i
[12:49] {jfjf64} ya sleepin
[12:52] {Threei}  yes... why?
[12:53] {jfjf64} lol
[12:59] {dino} fdo sm l .10
[13:00] {Threei}  huh!
[13:00] {Threei}  (US) White House: Administration would like to see a responsible approach to the vote on US debt limit
[13:01] {Threei}  well, I would like to see administration's definition of what the responsible approach is in their opinion
[13:01] {dino} lol after increasing it by 4 trillion in 2 years
[13:02] {dino} ehth lod
[13:02] {Threei}  ladies in the room, or I would say what I think of their responsible approach... using rich and generous russian language
[13:02] {Threei}  larisa would saw my head off for 1/10 of the words I have on this matter
[13:09] {larisa} no, I have you on ignore, so speak freely
[13:10] {dino} lol
[13:11] {Threei}  thank you dear
[13:11] {larisa} yw :)
[13:45] {Threei}  US) Fed's Hoenig: Fed must look ahead by 4-6 years vs 6 months; low interest rates in the past have led to asset inflation - Q&A- Current conditions do not warrant current 'emergency' policy; Fed did need to inject money into the economy, yet the question remains for how long
[13:47] {jfjf64} boy  aig
[13:50] {magoo} usaually has 12 nasty red candle everyday too, AIG
[13:51] {magoo} not happened yet
[13:51] {magoo} 12=1
[13:51] {magoo} typo
[14:07] {Threei}  doesn't look ready for short yet
[14:07] {Threei}  watching it ever since your comment, feels like has gas still
[14:08] {magoo} probably by 2:30
[14:10] {Threei}  actually...
[14:10] {Threei}  this bounce after dip may just be it
[14:10] {Threei}  with stop above .80, risk is small enough
[14:11] {Threei}  .65 break, half lot
[14:12] {dino}   ipi to .83
[14:12] {magoo} in
[14:12] {dino} out ipi .83, +.40
[14:19] {ese} .
06[14:19] * Threei hits AIG over the head with 2x4
[14:20] {ese} aback to school to many blasted things going on
[14:20] {RonS} cya ese
[14:20] {nemo} tna offer
[14:20] {nemo} .92
[14:20] {nemo} gone
[14:20] {nemo} back
[14:21] {dino} cya es
[14:21] {nemo} apc offer .37
[14:21] {_kschun} cya es ???
[14:23] {dino} ese
[14:24] {Threei}  1:1
[14:24] {Threei}  good boy AIG
[14:24] {Threei}  roll over and die
[14:24] {Threei}  best day in a good while
[14:25] {Threei}  trade after trade works like charm
[14:25] {Threei}  which I believe calls for this:
06[14:25] * Threei slaps magoo around a bit with a large roll of cash
[14:26] {_kschun} :-)
[14:26] {dino} 8 of 8 w/1 open itm
[14:27] {Threei}  cool beans
[14:29] {nemo} x pullbak
[14:31] {jfjf64} nice nice
[14:32] {jfjf64} pcx
[14:32] {jfjf64} gettin  ready  to  roll over
[14:33] {jfjf64} imo
[14:34] {jfjf64} comom baby
[14:36] {jfjf64} .86  stop
[14:37] {Threei}  still in mags?
[14:37] {Threei}  1:2
[14:39] {magoo} yup
[14:41] {Threei}  partialling?
[14:42] {nemo} X bounce Vad?
[14:42] {Threei}  looks tempting
[14:42] {nemo} bounced
[14:43] {Threei}  watching
[14:43] {magoo} yup
[14:43] {Threei}  should dive to .50 once again
[14:43] {dino}  vod spike
[14:44] {dino} wow 32-27 in seconds
[14:50] {_kschun} x short .64
[14:53] {_kschun} and out with second half
[14:55] {dino} fdo to b/e, thing won't move
[14:58] {Threei} Long Setup:  X  .55 break if holding .50
[14:58] {jfjf64} in
[14:58] {Threei}  stop is ridiculously tight
[14:59] {jfjf64} lk
[14:59] {jfjf64} why not
[14:59] {Threei}  it's not even decent to ave such tight stops
[14:59] {dino} who are you, james taggert?
[15:00] {jfjf64} market pop
[15:00] {Threei}  I am pretty sure I am not dagnie
[15:01] {dino} lol, that "decent' comment
[15:01] {Threei}  :)
[15:01] {dino} started reading it again last weekend
[15:01] {Threei}  wow... that's dedication
[15:01] {dino} luv that book
[15:02] {jfjf64} ??book
[15:02] {dino} wife got me that hard cover, print is bigger than that old paperback (was tough on my eyes)
[15:02] {dino} atlas shrugged jf
[15:03] {jfjf64} atlas shrugged
[15:03] {RonS} rimm
[15:06] {dino} calling it a day, son's b-ball game. hard stop at b/e fdo. if it hits it hits. thanks all, good time
[15:06] {Threei}  take care dino, have fun
[15:07] {Threei}  great trading today
[15:07] {dino} thx
[15:07] {jfjf64} enjoy dino
06[15:07] * Threei kicks X in the rear
[15:08] {Threei}  over 1;1
[15:08] {Threei}  1:2
[15:09] {jfjf64} steady vol
[15:09] {Threei}  it must be illegal to make money with such small risk
[15:09] {_kschun} LOL
[15:09] {jfjf64} best
[15:10] {jfjf64} you still in
[15:10] {jfjf64} go baby
[15:11] {Threei}  1;3
[15:11] {jfjf64} where stop
[15:11] {jfjf64} .65
[15:11] {Threei}  want 1:4 for full out
[15:11] {jfjf64} k
[15:11] {Threei}  .59 for me
[15:12] {_kschun} took 1:1, prefer it (.66)
[15:13] {jfjf64} 1:2
[15:13] {jfjf64} out
[15:13] {jfjf64} ty
[15:14] {_kschun} but great trade, really wasn't sure that this one would work out, just maid some little money on shorting it before
[15:14] {_kschun} normally don't like too much when stocks rollover from highs, good hurt there a lot lately.
[15:15] {jfjf64} tigft stop
[15:15] {_kschun} just took half off my cvc swing from yesterday
[15:15] {jfjf64} im thinkin  .49 short
[15:15] {jfjf64} x
[15:16] {jfjf64} 3i
[15:16] {Threei}  dropped too sharply
[15:16] {Threei}  not without some consolidation first
[15:16] {jfjf64} read my  mind
[15:16] {jfjf64} lol
[15:16] {Threei}  yup... that's where I get all my trading ideas
[15:17] {Threei}  I have these scanmner windows
[15:17] {_kschun} must say here russian man, I am really surprised by your trading, great stuff!
[15:17] {Threei}  "jf mind"... "magoo mind"...
[15:17] {Threei}  surprised?
[15:17] {jfjf64} lol
[15:18] {Threei}  lol... I do it from 2000 publickly
[15:18] {Threei}  from 1996 overall
[15:18] {Threei}  you could have been surprized 10 years ago
[15:18] {RonS} ...besides, he's Canuckian...
[15:19] {jfjf64} muffin man
[15:19] {jfjf64} frank zappa
[15:19] {jfjf64} right
[15:19] {_kschun} o.k. great
[15:19] {jfjf64} dino wd  no that
[15:20] {nemo} rimm wow
[15:20] {_kschun} it's just that there are a lot of scalping guys out there going during hard periods with the HFT stuff. so great to see still someone doing great in scalping.
[15:20] {jfjf64} wow  rimm
[15:20] {jfjf64} put ya  reversal hat on  3i
[15:20] {Threei}  that's because they have no idea what they are doing - the very reference to HFT tells me that
[15:20] {RonS} 13:03 RonS rimm
[15:21] {Threei}  HFT has absolutely nothing to do with our scalping
[15:21] {jfjf64} blow off top
[15:21] {_kschun} o.k. surprised to hear that
[15:21] {Threei}  sigh
[15:21] {Threei}  myths and legends
[15:21] {magoo} what is HFT?
[15:21] {nemo} rimm momo
[15:22] {_kschun} high frequency trading
[15:22] {Threei}  here is simple truth:
[15:22] {jfjf64} what hft
[15:22] {Threei}  anyone saying that HFT prevents him from profiting has no idea what trading is, what market is and what HFT does
[15:22] {_kschun} had RIMM on my watchlist for a swing... but this one went to fast...
[15:23] {_kschun} shrot some X
[15:24] {jfjf64} im a simple man   no hft  here
[15:24] {nemo} mmmhh is that aig or rimm
[15:24] {RonS} rimm 60 break was textbook, but hey, i like feeling like jf...
[15:24] {jfjf64} lol nemo
[15:25] {jfjf64} ty   rs
[15:25] {jfjf64} 6/7 today
[15:25] {jfjf64} lol
[15:25] {jfjf64} hft
[15:26] {jfjf64} and  loser wasnt  trade  was  bored
[15:26] {jfjf64} pcx
[15:26] {jfjf64} ty 3i
[15:26] {Threei}  welcome sir
[15:27] {RonS} guy i know works for Dan Loeb and Third Point.  Says they average 1% of the daily volume of the nyse and naz
[15:27] {jfjf64} and  missed short  slw   at  930
[15:27] {jfjf64} my bad
[15:28] {_kschun} HFT 1% of daily volume - are you dreaming?
[15:28] {RonS} Q?
[15:29] {jfjf64} nemo
[15:29] {jfjf64} rimm
[15:29] {Threei}  he is talking about that particular company kschun
[15:29] {jfjf64} s .50
[15:29] {nemo} what?
[15:29] {nemo} that's a long stop
[15:30] {jfjf64} was watchin  rimm short  .50
[15:30] {jfjf64} yeah  no good
[15:30] {nemo} support is right there
[15:30] {RonS} x s .55
[15:30] {jfjf64} min  15:26
[15:30] {nemo} look at the hourly chart though, hit the high from the 17th and dropped
[15:30] {jfjf64} blow off top
[15:31] {nemo} I don't know, this is RIMM
[15:31] {_kschun} ah o.k. sorry.
[15:32] {nemo} whaddya' saying sorry for?
[15:32] {jfjf64} last couple days  consolidation
[15:32] {jfjf64} rimm
[15:32] {jfjf64} daily  chart
[15:33] {RonS} luv means never having to say your're sorry...and nemo is all about the luv...
[15:33] {_kschun} :-)
[15:33] {Threei}  rofl
[15:34] {nemo} yeah...but what I luv to do is societally anethemic
[15:34] {jfjf64} ks   we really  are  nice  people
[15:34] {jfjf64} lol
[15:34] {jfjf64} nemo
[15:34] {RonS} ...to our pets...
[15:34] {jfjf64} jf  no  pets
[15:35] {nemo} kschun....german french or italian
[15:35] {jfjf64} ???
[15:35] {nemo} the language he speaks?
[15:36] {_kschun} german and french and a little chinse :-) - and some bad english :-)
[15:36] {jfjf64} where are  you  from  ks
[15:36] {RonS} ....it's all Swiss to me...
[15:36] {nemo} your brain
[15:36] {jfjf64} mei oha
[15:37] {_kschun} Switzerland, canton called "Wallis" or "Valais", it's like the Texas of Switzerland LOL
[15:37] {jfjf64} welcome
[15:37] {RonS} has to be an oxymoron there somewhere...
[15:37] {_kschun} if some looking for a swing, may check out DRYS.
[15:40] {nemo} now ya might short rimm
[15:40] {nemo} hate to fight that momo though
[15:41] {_kschun} PCX finally, thanks guys, good call
[15:44] {jfjf64} did ya go  nemo
[15:44] {nemo} nope...too much momo
[15:44] {jfjf64} yup
[15:44] {nemo} she's going again
[15:45] {nemo} this late, crazy to go
[15:45] {jfjf64} callin  it  day   later all
[15:45] {RonS} cya jf
[15:45] {nemo} wow...what strength
[15:45] {Threei}  take care jf
[15:55] {Threei}  thank you all
[15:55] {Threei}  have a good evening
[15:55] {Threei}  see you tomorrow
[15:56] {harth} cya Thurs!
[15:57] {stewy} good night all
[15:58] {_kschun} night guys, thanks to all!

Jan 04 2011

Main hero of the day was XOMA - that alone could have been a single day-making trade. We took pullback entry for a classic momo breakout which worked like a charm.

Session Time: Tue Jan 04 00:00:01 2011
[08:11] {nemo} Mmmmhhhhh...MCP is on viagra
[08:16] {Threei}  Yesterday 17:07SHZ SHZ, UXG named "New Buys" by Louis Navellier's Global Growth Newsletter- REMINDER: SHZ traded up than 100% last week in the run up in Chinese mining interests.
[08:18] {magoo} mornink comrades
[08:18] {Threei}  hey mags
[08:21] {nemo} Gruss Gott!
[08:26] {nemo} why veco up a buck?
[08:27] {Threei}  nothing fresh
[08:37] {nemo} http://vimeo.com/18150336
[08:39] {magoo} why is XOMA going nuts..news?
[08:39] {Threei}  XOMA Signs Development and Commercialization Agreement for XOMA 052 with Servier; to receive $35M upfront payment, up to $470M in milestones, possible $800M on rights exercise
[08:40] {Threei}  was halted earlier
[08:42] {Threei}  (IR) Ireland Labour party: Would renegotiate IMF/EU aid package (related EUR/USD BUNDS )
[08:46] {Threei}  if content with pre-market risk, XOMA .10 break
[08:46] {Threei}  half lot
[08:46] {Threei}  if stays above 6
[08:59] {ese} morning
[08:59] {Threei}  ese :)
[09:00] {stewy} morning everyone
[09:00] {Threei}  stewy :)
[09:03] {dino} gm all
[09:03] {Threei}  dino :)
[09:03] {nemo} veco popped dino
[09:05] {dino} yeah, i see it
[09:05] {dino} gld hit, slv too
[09:07] {ese} stew dino nemo
[09:10] {ese} xoma...potentially successful diabetes drug........that is big, right up there with the cure for cancer
[09:13] {harth} morning crew:)
[09:14] {Threei}  harth :)
[09:15] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:16] {larisa} vad :)
[09:17] {RonS} good morning everyone.  that Stanford Orange Bowl win was compelling.  special team and story with those guys.
[09:18] {Threei}  Ron :)
[09:18] {nemo} Patriots
[09:18] {Threei}  I'd love to get a pullback on XOMA
[09:18] {Threei}  this thing has a bad historyt of failures on rally attempts, but this time it just might be serious
[09:20] {magoo} 12.60 year high on XOMA chief
[09:20] {Threei}  another massive bird kill
[09:20] {magoo} bird flu?
[09:20] {Threei}  what the deuce
[09:21] {Threei}  12.60?
[09:21] {Threei}  XOMA?
[09:21] {Threei}  wgere do you see that?
[09:23] {ese} mcp is a wow...up 7pts yesterday up 4 today
[09:24] {Threei}  looking to short SLW
[09:25] {Threei}  waiting for something readable on XOMA, hopefully deep pullback to buy
[09:25] {Threei}  something like 5.70, I'd be delighted
[09:27] {ese} indeed
[09:30] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:30] {Threei}  SLW dropped with no warning and no setup
[09:30] {Threei}  XOMA said, what's pullback?
[09:31] {Threei}  see if SLW bounces to around .40 for a short entry
[09:31] {magoo} i took .28 to .47 XOMA
[09:31] {jfjf64} slw
[09:31] {magoo} big offer .50
[09:33] {Threei} Short Setup: X  .40 break
[09:33] {jfjf64} pbr
[09:33] {Threei}  if stays under .50
[09:33] {jfjf64} .75 break
[09:33] {Threei}  half lot
[09:35] {Threei}  modification, .50 break
[09:35] {Threei}  if stays under .60
[09:35] {Threei}  double top attempt
[09:35] {Threei}  invalidated too
[09:35] {nemo} mos dropping like stone
[09:36] {magoo} big pllbk rare earthges
[09:36] {Threei}  I'd try REE off MCP
[09:37] {magoo} MOS vad lookie
[09:37] {Threei}  if MCP breaks 61 and jumps, REE is long off .50 break
[09:38] {jfjf64} 1/1  pbr
[09:38] {nemo} maybe mcp follows ree
[09:38] {jfjf64} out
[09:38] {dino} ann sm l .75 stop .48
[09:38] {Threei}  X
[09:38] {Threei}  should be ready finally
[09:38] {Threei}  .60 break short
[09:38] {Threei}  if stays under .70
[09:39] {Threei}  wow SLW
[09:39] {Threei}  crap
[09:40] {Threei}  best short idea of pre-market, and no entry
[09:40] {ese} L atpg .04
[09:41] {ese} out atpg .22 +.18
[09:42] {Threei}  beautiful
[09:42] {ese} tks
[09:42] {dino} gj
[09:42] {ese} i'm sure it's going to go some more.......no need to be greedy now
[09:42] {nemo} apkt short .65?
[09:42] {dino} drys
[09:42] {Threei}  look at the spread
[09:43] {nemo} oh yeah, just looked at the chart sorry
[09:43] {jfjf64} any  read  lvs   bounce
[09:43] {Threei}  closer to 46
[09:44] {ese} mrkt negative
[09:44] {ese} hmmmmmmmmm
[09:44] {magoo} out x .37 ty vad from ..64
[09:44] {Threei}  :)
[09:44] {nemo} right read on apkt
[09:45] {Threei}  small sjhares, very risky:
[09:45] {Threei}  ATPG, .20 break
[09:46] {Threei}  stop under 18, target around 18.60
[09:48] {RonS} 3i, l trigger for chop?
[09:49] {Threei}  don't like it at all
[09:49] {RonS} k
[09:49] {dino} qqqq s .40 stop .52
[09:50] {jfjf64} xoma  momma
[09:51] {RonS} aig bounce play?
[09:52] {Threei}  maybe from under .20 on pullback, if not making new low
[09:52] {Threei}  XOMA goes for 7 it seems
[09:53] {jfjf64} lvs  got  away
[09:53] {Threei}  .60 is critical for XOMA
[09:53] {Threei}  if takes it, 7 is very likely
[09:54] {jfjf64} you makin  call or  talkin out loud
[09:55] {jfjf64} i was  gonna say  thinkin  but  ......
[09:55] {jfjf64} lol
[09:56] {Threei}  market is getting ready for bounce
[09:56] {Threei} Long Setup:  XOMA  .50 break if holding .40
[09:57] {Threei}  semi-aggressive for .60 break
[09:57] {jfjf64} in
[09:58] {Threei} Long Setup:  LVS  .45 break
[09:58] {Threei}  if stays above .35
[09:59] {ese} in xoma
[09:59] {jfjf64} ese  little  kick
[09:59] {Threei}  LVS invalidated
[10:00] {ese} y
[10:00] {Threei}  *(US) NOV FACTORY ORDERS: 0.7% V -0.1%E
[10:00] {jfjf64} need  da bounce
[10:00] {jfjf64} market  going
[10:01] {magoo} ijh xoma
[10:01] {magoo} .48
[10:02] {jfjf64} eats  .60
[10:02] {dino}  qqqq to .45
[10:02] {jfjf64} bammmmmmmmmmmmmmm
[10:02] {dino} scanners red
[10:02] {Threei}  market getting really slammed today
[10:03] {jfjf64} move  stop  up  xoma
[10:03] {jfjf64} ??
[10:03] {Threei}  from .40??
[10:03] {jfjf64} yes
[10:03] {magoo} man SHZ
[10:03] {jfjf64} .45
[10:03] {Threei}  no
[10:03] {jfjf64} ty
[10:05] {jfjf64} need 127 spy
[10:06] {Threei}  XOMA is so ready
[10:06] {Threei}  almost 9 month pregnant
[10:06] {Threei}  1:1
[10:06] {Threei}  brrrreak
[10:07] {Threei}  half out.73
[10:07] {dino} qqqq to flat
[10:07] {Threei}  over 1:2
[10:07] {ese} out xoma .71 +.19
[10:07] {ese} tks vad
[10:07] {Threei}  NOW stop to .45. jf
[10:08] {Threei}  welcome ese
[10:08] {jfjf64} out
06[10:08] * Threei slaps jfjf64 around a bit with A Taoist Trader Course
[10:08] {jfjf64} ty
06[10:08] * Threei slaps magoo around a bit with a large roll of cash
[10:08] {Threei}  welcome
[10:08] {jfjf64} +20 cents
[10:08] {jfjf64} tyty
[10:08] {Threei}  double lot or what?
[10:08] {jfjf64} 2k
[10:08] {Threei}  then ywyw
[10:08] {jfjf64} yabbba
[10:08] {jfjf64} dabbba
[10:08] {jfjf64} doooooooooo
[10:08] {Threei}  do?
[10:09] {Threei}  thought so
[10:09] {jfjf64} we  havin  fun  yet  boys  and  girls
[10:09] {jfjf64} jf  crazy
[10:09] {Threei}  I certainly do - half is stuill here
[10:10] {Threei}  hopefully doesan''t rinse before proceeding to 7
[10:10] {jfjf64} wher  is  stop
[10:10] {jfjf64} ??
[10:10] {jfjf64} .65
[10:10] {nemo} .59
[10:10] {Threei}  I'll kill him
[10:10] {Threei}  may I?
[10:11] {Threei}  [10:07] {Threei} NOW stop to .45. jf
[10:11] {magoo} by all meanz
[10:11] {Threei}  ty
06[10:11] * Threei loads his Desert Eagle and aims at jf
[10:12] {nemo} can you own those in Canada?
[10:12] {Threei}  no
[10:13] {Threei} Long Setup:  SLW  .50 break
[10:13] {Threei}  if stays above .40
[10:13] {Threei}  market looks bounce-ready to me
[10:13] {Threei}  no aggressive entry though
[10:13] {Threei}  let it prove itself
[10:14] {Threei}  ok
[10:14] {Threei}  stop under .40,
[10:14] {Threei}  target .75 or so, with partails along the way
[10:14] {jfjf64} slw
[10:14] {jfjf64} go  moma
[10:14] {nemo} missed
[10:14] {Threei}  1:1
[10:14] {Threei}  half out
[10:14] {dino} qqqq cov/stopped +.05
[10:15] {Threei}  stop .48 for the balance
[10:15] {Threei}  market another slam
[10:15] {Threei}  wow, someone knows something
[10:15] {Threei}  is EU dissolving tomorrow?
[10:15] {Threei}  and we just never got a memo?
[10:16] {Threei}  out second half
[10:16] {Threei}  scalpers win this one
[10:16] {Threei}  but XOMA, baby
[10:16] {Threei}  1:3
[10:17] {Threei}  1/4 more out .85
[10:17] {Threei}  offering last piece .98
[10:17] {Threei}  stop .59
[10:17] {jfjf64} way to  go
[10:17] {ese} L atpg .88
[10:17] {magoo} .97 here
[10:17] {Threei}  .9699
[10:18] {RonS} out xoma .48 to .88 thxs 3i...
[10:18] {Threei}  Ron :)
[10:18] {jfjf64} need to  learn  to  stay  in  trades
[10:19] {jfjf64} teach  me
[10:19] {jfjf64} sensi
06[10:19] * Threei slaps jfjf64 around a bit with A Taoist Trader Course
[10:19] {jfjf64} lol
[10:19] {Threei}  have you ever gotten to Traders Routines?
[10:19] {jfjf64} yes
[10:19] {Threei}  practicing them?
[10:19] {Threei}  I have this nagging feeling I am going to regret .98 exit...
[10:20] {jfjf64} when  in trade  all fuzzy
[10:20] {Threei}  sure
[10:20] {Threei}  that's what routines are for
[10:20] {magoo} me too. way over 7 comith
[10:20] {jfjf64} wher  is  ya  stop
[10:20] {Threei}  to remove YOU from the equation
[10:20] {jfjf64} xoma
[10:20] {Threei}  and leave only automated response
[10:20] {jfjf64} ??
[10:20] {Threei}  10:17] {Threei} stop .59
[10:21] {Threei}  grrr... SLW rinsed balance
[10:23] {jfjf64} dhz  bounce
[10:23] {jfjf64} }}}
[10:23] {jfjf64} shz
[10:23] {Threei}  hmmm
[10:23] {Threei}  made double tope, lower low
[10:23] {Threei}  nah, not liking it
[10:27] {nemo} Europe has begun confiscating private pension funds
[10:27] {dino} itri sm l .15
[10:27] {dino} huh nemo?
[10:28] {nemo}  http://goo.gl/fb/WJ6Gk
[10:29] {Threei}  sounds like bs to me
[10:29] {jfjf64} aap
[10:30] {Threei}  done with XOMA last piece
[10:31] {nemo} FOMC day, probably dead now
[10:31] {Threei} Long Setup:  RIMM  .90 break
[10:31] {Threei}  if stays above .80 for scalpers, .75 day traders
[10:32] {Threei}  it's not FOMC rate decision
[10:32] {Threei}  it's FOMC minutes
[10:32] {nemo} nevermind
[10:32] {Threei}  pretty much nonevent
[10:33] {Threei}  well, unless it comes out that ben appeared in meeting in chicken costume and drunk tequila from the bottle all the while delivering his speech
[10:34] {dino} itri stopped -.20
[10:34] {RonS} which, obviously, would cause the market to rally...
[10:34] {ese} check ou trow dino
[10:35] {Threei}  I guess ron... as good as any other excuse
[10:35] {ese} has got it all.....covered gap double bottom 1min chrt doji's 15min chrt
[10:35] {dino} trow downgrade
[10:36] {ese} ya.....
[10:40] {dino} mpwr
[10:40] {dino} momb
[10:40] {dino} homb
[10:41] {jfjf64} pcs
[10:41] {jfjf64} .91 break
[10:41] {jfjf64} 5 min
[10:41] {jfjf64} imo
[10:43] {magoo} SHZ read vad?
[10:43] {Threei}  none
[10:43] {Threei}  hectic and patternless
[10:44] {dino} trow nice spot es
[10:44] {nemo} flr
[10:45] {dino} mpwr l .75
[10:54] {ese} nice short cover bounce
[11:00] {dino} homb sm l .00
[11:00] {ese} same old december grind.......up to start slowly then slowly make cut and open wound larger as the day progresses until slow death has been achieved
[11:01] {Threei}  lol
[11:03] {Threei}  look at SLW
[11:03] {Threei}  that pre-market short would have been best to trade by entering and fainting for a few hours
[11:07] {Threei} Short Setup: GLD  .10 break break
[11:08] {Threei}  stop above .20
[11:10] {nemo} wow tna dropped .75 less than a minute
[11:10] {Threei}  whole selling today feels very... ummm
[11:10] {Threei}  purposeful and determined
[11:10] {Threei}  no go GLD
[11:11] {Threei}  no sense of just a little profit taking
[11:11] {Threei}  rinse
[11:11] {Threei}  hate it
[11:12] {nemo} why you set stop there with the previous peak at .29?
[11:13] {Threei}  there was consolidation after that spuike
[11:14] {dino}  ipi sm l .70
[11:15] {RonS} bidu short trigger setting up 3i?
[11:16] {RonS} oops, not yet...
[11:17] {Threei}  chart wise, yes, but volatility makes it hard to narrow to exact entry
[11:20] {magoo} XOMA bounce vad?
[11:20] {Threei}  not yet
[11:21] {Threei}  needs more selling
[11:21] {magoo} drat, took .50
[11:22] {dino} mur gap fill
[11:22] {dino} ugh missed
[11:26] {Threei}  watching X for long entry on pullback
[11:26] {Threei}  closer to .70
[11:29] {Threei}  want sharp dive to around .70 or just under, stabilization and holding above .60
[11:29] {Threei}  get ready
[11:29] {Threei}  took .70
[11:29] {Threei}  stop under .60
[11:35] {_kschun} idea behind X?
[11:36] {Threei}  1;1
[11:36] {Threei}  mostly making money...
[11:36] {RonS} hehe
[11:36] {Threei}  aside of smart a$$ asnwer, which I admittedly fond of, well,
[11:37] {Threei}  deep pullback from 60 into support established around 11:15,
[11:37] {Threei}  there is/was one more support at .80,
[11:38] {_kschun} all o.k. thanks.
[11:38] {Threei}  normally wheh there are two of them close enough to each other, I porefer to let first one get broken,
[11:38] {Threei}  second usually holds better
[11:38] {Threei}  and there is an entry point into mini-panic ensuing after first is broken
[11:38] {Threei}  but I still like my first answer better :)
[11:38] {_kschun} o.k. thanks man.
[11:39] {Threei}  np
[11:39] {_kschun} :-) aggree on this man :-)
[11:41] {ese} L sso .76
[11:42] {dino}   esi sm l .95
[11:42] {dino} stop .78
[11:44] {nemo} cat at support
[11:44] {nemo} could be short
[11:45] {dino} stopped
[11:48] {dino} veco sm l .09
[11:48] {dino} stop .88
[11:54] {nemo} Funny...with the up movement .31 cents down on the spy feels like the end of the world
[11:55] {Threei}  to me, everything feels like the end of the world these days
[11:56] {dino} it is for some
[11:56] {Threei}  I dropped an egg on the kitchen floor a few days ago... sheesh, that earthquake followed within a few minutes
[11:56] {Threei}  I am scared to lift a frying pan since then
[11:56] {Threei}  I may cause tsunami somwhere if I am clumsy
[11:57] {stewy} .
[11:57] {_kschun} LOL
[11:57] {ese} stopped sso .66 -.10
[11:57] {ese} ddddddddddaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!
[11:58] {RonS} ese, didja watch that video?
[11:58] {ese} not yet ron
[11:59] {Threei}  oh, and I still owe apologies to Europe for that cold snap... never again will I try to set thermostat down in my house
[11:59] {Threei}  guys, anyone's up for a swing trade with low risk?
[11:59] {Threei}  FAZ
[11:59] {Threei}  stop under 8.80
[12:00] {Threei}  look at daily
[12:00] {Threei}  has a chance for a good bounce here,
[12:00] {Threei}  and if this market selling takes root, can move to 10 and higher easily
[12:02] {RonS} ...something for th kids and the kid in all of us
[12:02] {RonS} yep
[12:03] {_kschun} may watch LLL at this level
[12:03] {_kschun} just forgot URBN... could beat me for this one, set alarm false...
[12:06] {_kschun} FAZ going
[12:06] {_kschun} great idea there Vad!
[12:08] {RonS} watch it _kschun...don't take his job...
[12:08] {RonS} ...he likes to pat himself on the back...
[12:08] {_kschun} I am not this good... not yet :-)
[12:09] {nemo} you eat bacon?
[12:09] {_kschun} CVC maybe becoming interesting? looks good on a daily, nice little consolidation
[12:09] {magoo} where was faz entry?
[12:09] {nemo} axp short?
[12:09] {nemo} 44 break
[12:09] {ese} whad i tell youz.....slow death here today
[12:10] {_kschun} I grapped some at 9.03
[12:10] {RonS} rotflol
[12:11] {_kschun} 44 definitively important level for AXP
[12:12] {RonS} ese, u r killin me...watch that video...it will change your outlook
[12:13] {ese} send me the link on it again
[12:13] {RonS} www.wherethehellismatt.com
[12:18] {ese} would have cost alot of money to dance all over the place like he did
[12:19] {RonS} i heard he started posting individuals...and got sponsors
[12:19] {ese} L rig .49
[12:21] {dino} msb sm l .60
[12:22] {nemo} oh good...
[12:22] {nemo} it's after noon
[12:25] {_kschun} watch out for bounce, divergence in TICK
[12:26] {dino} trow lod
[12:26] {RonS} .rut and .vix pointing to more downside...
[12:27] {_kschun} what is .rut?
[12:27] {nemo} russel 2000
[12:27] {RonS} russell 2000
[12:27] {nemo} russell
[12:27] {_kschun} ah o.k. thanks
[12:27] {nemo} iwm
[12:27] {nemo} tracks it
[12:28] {_kschun} o.k. got it thnaks guys
[12:30] {Threei}  FAZ ticking nicely
[12:32] {_kschun} PG holding quite well in this sell off
[12:32] {_kschun} FAZ great call !!!
[12:33] {ese} out rig .35 -.14
[12:33] {ese} this is one of dem days
[12:38] {dino} i hear ya es, that was my morning
[12:40] {_kschun} PG someone taking shares at .62. if this level breaks I am out.
[12:41] {_kschun} got in at .63
[12:41] {Threei} Long Setup:  V  .50 break
[12:41] {Threei}  if holding .40
[12:41] {RonS} i find this outrageous:  Netanyahu Asks Obama to Grant Clemency to Convicted Spy Pollard
[12:42] {Threei}  USD/CAD Moves back above parity
[12:43] {Threei}  I find outrageous that CAD an go to parity and beyond
[12:48] {magoo} vad look mcp ree
[12:48] {magoo} shz
[12:48] {_kschun} URBN now pulling back
[12:49] {_kschun} looking quite good to me for a swing trade too. what do you guys think?
[12:49] {Threei}  mags, keep them on a backburner for now, IMO
[12:49] {Threei}  wide market selling, not a joke
[12:51] {nemo} spy breaking downtrend, s2 support .17
[13:00] {dino}  esi sm l .20
[13:02] {_kschun} sorry guys, what is sm?
[13:02] {nemo} small
[13:02] {nemo} or, if your vad
[13:02] {nemo} Sadism Masochism
[13:03] {Threei}  hmmm
[13:03] {Threei}  how is it anything me?
[13:03] {nemo} you came to mind first, and Les isn't here
[13:04] {_kschun} o.k. thanks :-)
[13:05] {_kschun} I love such days, missed URBN the  second time...
[13:08] {_kschun} however now I leave it, tried making new highs, failed, so no longs anymore in this one for today
[13:08] {_kschun} did you guys catch the downside on SPY and made some money?
[13:08] {Threei}  we had quite a few calls in the morning
[13:09] {Threei}  upside and downside
[13:09] {Threei}  none of them was on SPY though
[13:09] {Threei}  if that's a requirement, then no, we didn't
[13:11] {_kschun} :-). no all o.k. FAZ call was enough for the hole day :-) and this one may keeps going next days, so n offense :-)
[13:12] {Threei}  well, if that one is enough to make you happy, then too bad you missed XOMA call - that would have made your month :)
[13:13] {_kschun} :-) - yeah this one I missed... :-)
[13:14] {Threei}  lordy, even magoo was happy about that, and to satisfy magoo is not a small feat
[13:16] {_kschun} @Vad: sorry for asking stuff all the time, but: are you always in here until 4 p.m. ?
[13:16] {Threei}  yes
[13:16] {Threei}  doesn't mean I am always awake, but then again, being asleep doesn't prevent me from trading
[13:18] {_kschun} all o.k. :-). man, only for you jokes it would be worth paying the subsription money LOL. why you don't go to CNBC? :-)
[13:20] {Threei}  it's all Ron's fault
[13:20] {RonS} lol
[13:20] {RonS} and i was holding back typing...face made for radio
[13:20] {Threei}  I was totally ready to build a career as a stand-up... but he said my jokes suck, and killed my self-confidence
[13:21] {_kschun} LOL :-)
[13:21] {_kschun} CVC, at least this one I catched. holding half for a swing
[13:21] {RonS} accent made for Mel Brooks...
[13:22] {RonS} that would be funny...the CNBC porducers passing out when Vad came w/ a "soviet" joke
[13:22] {RonS} producers
[13:23] {RonS} everyone on the set going ...whaaa?
06[13:24] * Threei slaps RonS around a bit with a 4lb bag of juniper berries
[13:24] {RonS} perfect
[13:24] {_kschun} LOL can say so far as it concerns myself: you guys found a new life-long-member of your service, you have already someone from Switerland?
[13:25] {RonS} oh no nemo...
[13:25] {nemo} I'm speechless
[13:25] {RonS} rotflol
[13:26] {RonS} i'm cryin from laughing so hard...
[13:29] {RonS} ...i figured,,,the way you've been spelling, that you were some US huckleberry
[13:29] {RonS} ...now you get a spelling pass...
[13:30] {_kschun} :-) lol :-)
[13:31] {nemo} I'll be your huckleberry
[13:31] {RonS} Val Kilmer
[13:31] {RonS} his best part
[13:31] {nemo} It's a staple around here
[13:35] {Threei}  (US) Preview: Minutes of the December FOMC meeting due out at 14:00ET**The December minutes mark the last meeting before the committee is reshuffled to a slightly more hawkish mix. The December meeting was low key with only a few minor changes made to the policy statement after the QE2 program launch at the prior meeting. - Analysis of the minutes will likely focus on any discussions of the conditions under which QE2 could be shortened, as part of the committees "regular review" of the ongoing asset purchase program. Recent jobs data has shown some improvement, so some members may want to lay the groundwork for an early exit should the economy continue to improve.
[13:35] {dino}  out mpwr .88, +.13
[13:36] {_kschun} may short LPS
[13:37] {nemo} me thins you might get a bounce around .34
[13:43] {RonS} onnn
[13:43] {Threei}  SATC Strength attributed to boutique analyst firm commenting that SATC has secured a large contract (4.95, +0.21, 4.43%)
[13:44] {stewy} .
[13:44] {dino} lulu
[13:44] {_kschun} thanks nemo
[13:44] {RonS} lulu losing the tutu?
[13:45] {RonS} nuts, cannot s lulu...
[13:45] {dino} gap around 56
[13:45] {Threei}  shortable here
[13:46] {_kschun} V back at .50
[13:46] {dino} also 63.40
[13:46] {stewy} 3i, question on faz swing trade(not in it)
[13:46] {stewy} is fomc release a concern or not for entry?
[13:47] {Threei}  nah
[13:47] {stewy} ty
[13:47] {Threei}  it's non-event
[13:47] {Threei}  they simply release the notes of their decision-making process for the last rate decision
[13:47] {nemo} Vad X
[13:47] {nemo} AXP too
[13:48] {Threei}  they form long setups buit frankly, I am hesitrant about those
[13:48] {Threei}  today's selling doesn't feel like a fluke to me
[13:48] {nemo} too obvious?
[13:49] {Threei}  a bit... but most of all,
[13:49] {nemo} only thing, spy  should go to at least .70 and take them with it
[13:49] {Threei}  I don't feel comfortable with long side
[13:49] {nemo} short then?
[13:49] {Threei}  the way sellers hit today had all the markings of serious sustained endeavor
[13:49] {dino} esi to .70
[13:49] {Threei}  well, there is no setup for short
[13:49] {dino} out esi +.60
[13:49] {RonS} gj
[13:49] {dino} opps +.50
[13:50] {dino} thx
[13:50] {magoo} SHZ
[13:50] {magoo} looks like it will break highs
[13:51] {magoo} .12 when i typed that
[13:55] {RonS} RL...bearish engulfing candle of last six trading days. could be great short for next bounce...
[13:58] {dino} lulu sm l .00
[13:58] {magoo} XOMA trying
[14:01] {magoo} SHZnitt
[14:01] {magoo} .38
[14:01] {magoo} there high
[14:01] {magoo} .44
[14:02] {magoo} new high here
[14:03] {magoo} XOMA
[14:03] {magoo} high
[14:03] {Threei}  goes for that 7
[14:03] {RonS} 3i, two way play on slw on flag break?
[14:04] {Threei}  looks tright to me
[14:04] {Threei}  right too
[14:06] {nemo} what the minutes say
[14:06] {Threei}  13:35] {Threei} (US) Preview: Minutes of the December FOMC meeting due out at 14:00ET**The December minutes mark the last meeting before the committee is reshuffled to a slightly more hawkish mix. The December meeting was low key with only a few minor changes made to the policy statement after the QE2 program launch at the prior meeting. - Analysis of the minutes will likely focus on any discussions of the conditions under which QE2 could be shortened, as part of the committees "regular review" of the ongoing asset purchase program. Recent jobs data has shown some improvement, so some members may want to lay the groundwork for an early exit should the economy continue to improve.
[14:11] {RonS} lvs
[14:11] {Threei}  partialling out SLW?
[14:11] {Threei}  don't oversit, things can change on a dime today if sellers return
[14:12] {Threei}  smackdown will be brutal
[14:15] {nemo} we close flat
[14:15] {larisa} no, way up :)
[14:15] {Threei}  no way way up
[14:15] {nemo} That was my pessimistic assumption
[14:20] {dino}   tsco
[14:24] {dino} msb to .20
[14:24] {RonS} out slw .055 to .28...thxs 3i
[14:25] {Threei}  nice
[14:25] {dino} gj
[14:26] {dino} homb to .15
[14:26] {_kschun} CVC new high, last possible entry for a swing
[14:28] {jfjf64} which  way you swingin??????
[14:28] {dino} veco to .49
[14:29] {_kschun} long
[14:29] {dino} out +.40
[14:29] {RonS} gj
[14:30] {dino} thx
[14:30] {dino} f' up on lulu, had .46
[14:31] {_kschun} small spy short
[14:31] {RonS} lulu...always been a spinner...
[14:31] {dino} msb to .30
[14:32] {dino} out msb .30, +.70
[14:32] {RonS} wow, gj
[14:32] {magoo} SHZ
[14:32] {dino} :D
[14:35] {_kschun} out SPY
[14:36] {_kschun} long GD
[14:36] {dino} no buyers of mos going into earnings
[14:36] {_kschun} must breat 70, if not I am nout
[14:37] {RonS} guess they turned into rolling stones...
[14:52] {Threei} Short Setup: SHZ  .50 break half lot
[14:53] {Threei}  let's modify it
[14:53] {Threei}  .60 break
[14:53] {Threei}  if stays under .70
[14:54] {dino}  ipi to .09
[14:56] {dino} out ipi +.39
[14:56] {Threei}  SHZ is not a scalp
[15:04] {Threei}  no go
[15:06] {RonS} athr
[15:06] {dino} homb to .19
[15:06] {dino} athr spike
[15:06] {RonS} Qualcomm near deal to buy Atheros for $45, or $3.5 billion, a 22% premium.
[15:06] {dino} qcom buyout
[15:06] {Threei}  ATHR is the one being bought out
[15:07] {Threei}  hatled
[15:07] {RonS} circuit halt...now trading
[15:07] {Threei}  yup
[15:07] {dino} 45/sh
[15:08] {Threei}  market feels to me like dropping into close
[15:09] {magoo} X sh candidate?
[15:09] {Threei}  SLW... .50 break short maybe
[15:09] {Threei}  X a bit tougher to find a setup
[15:09] {RonS} athr 9.6 mil sh short
[15:11] {Threei}  frikin SHZ rinsed
[15:11] {Threei}  now it does what it had to do
[15:13] {_kschun} FAZ
[15:16] {_kschun} LONG SMALL LLL
[15:24] {Threei}  XOMA... non-stop
[15:31] {_kschun} TSLA
[15:34] {_kschun} forget, doesn't look ready to go
[15:39] {_kschun} must take out .55
[15:39] {dino} out lulu .15, +.15
[15:39] {dino} back in ten
[[15:46] {dino} homb to .24
[15:46] {dino} dirt language is implied
[15:46] {dino} i'm yelling all day
[15:47] {_kschun} out TSLA, don't trust this one
[15:49] {RonS} i have heard of homie and holmley but not homb...
[15:49] {_kschun} would be interesting where TSLA trades tomorrow on the open
[15:51] {dino} out homb .27, +.27
[15:52] {dino} idcc
[15:52] {RonS} sheesh forgot i had a sm l tsco at .20...hit and covered at .32...feel like an idiot
[15:54] {RonS} ...the daily seems like xoma wants to test 10.00
[15:55] {dino} 5 minutes
[15:55] {RonS} sometime...
[15:56] {Threei}  unless some new news appear overnight, 8 won't be any problem for XOMA tomorrow
[15:59] {dino} unless i buy it
[15:59] {Threei}  lol
[15:59] {magoo} lets hope no gap vad
[15:59] {Threei}  thank you all
[15:59] {Threei}  yeah
[15:59] {dino} :D
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {harth} cya Wed!
[15:59] {magoo} vad, wait for MOS
[16:00] {Threei}  sorry mags, can't
[16:00] {stewy} take care. c u all tomorrow
[16:00] {larisa} bye!
[16:01] {_kschun} great eeve guys, thanks vad!
[16:01] {jfjf64} good night all

Jan 03 2011

We happily started the year with a nice winning day. No interesting charts but trades were fairly active in the morning. SLW, X, V, something else...

Session Time: Mon Jan 03 00:00:01 2011
[08:36] {nemo} mmmhhh...everybody on vacation until Three Kings Day?
[08:37] {Threei}  hey, it takes time to work out all the hangover
[08:37] {nemo} 3 days...yeah...had a few of those
[09:06] {davd} happy new year all
[09:06] {Threei}  so far new year starts pretty much on the same note - gap up, slow and steady climb seems to be the theme
[09:06] {Threei}  morning davd, happy new year
[09:06] {nemo} market will never go down again...thanks ben
[09:06] {nemo} mcp
[09:07] {Threei}  REE follows it so far
[09:07] {patr} morning all! happy new year
[09:07] {Threei}  just trying to see if their link is restored
[09:08] {nemo} cree should fly today too
[09:08] {Threei}  hi patr, welcome and happy new year
[09:08] {nemo} we now have adult supervision?
[09:08] {Threei}  uh oh
[09:09] {Threei}  we don't do well with adults around
[09:09] {RonS} better call Les...gm all...
[09:09] {Threei}  but who are you suspecting of being adult?
[09:09] {Threei}  Ron :)
[09:09] {ese} morning
[09:10] {Threei}  ese :)
[09:13] {dino} gm all
[09:13] {Threei}  dino :)
[09:13] {magoo} morning
[09:13] {Threei}  magoo :)
[09:14] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:21] {harth} morning crew:)
[09:22] {Threei}  harth :)
[09:26] {Threei}  buying pullbacks seems to be today's theme so far
[09:27] {Threei}  but mood can change easily so will stay flexible
[09:28] {magoo} u interested ISPH at all vads?
[09:28] {Threei}  sure
[09:28] {Threei}  I don't know if this is one drug company
[09:28] {Threei}  but even if so, short coveruing should come at some point
[09:29] {Threei}  just don't be in a rush to jump in
[09:29] {jfjf64} mornin
[09:29] {Threei}  jf :)
[09:29] {Threei}  ideally, I'd like to see it selling under .50, stabilizing close to it, then breaking it for a long trigger
[09:30] {jfjf64} keep   eye  lvs
[09:30] {Threei}  but let's see what it does
[09:30] {Threei}  LVS, wait for sharp selloff
[09:30] {jfjf64} 47.32  res  pre
[09:30] {jfjf64} k
[09:30] {Threei}  I am not buying morning breakout on LVS
[09:30] {Threei}  recipe for disaster
[09:34] {nemo} spy pre market high
[09:34] {ese} out zion .81 +.50.......hold over night/weekend
[09:35] {Threei} Short Setup: LVS  .65 break
[09:35] {Threei}  if stays under .75
[09:35] {Threei}  1;1
[09:36] {nemo} axp
[09:38] {Threei} Long Setup:  V  .60 break half lot
[09:38] {Threei}  ugh... too fast
[09:38] {Threei}  don't chase
[09:38] {Threei}  see if pulls back for entry
[09:38] {Threei}  if stays above .45
[09:38] {Threei}  same setup, valid again
[09:39] {Threei}  not a scalp, should give about 71
[09:39] {magoo} in
[09:40] {Threei}  LVS drops like a stone
[09:40] {Threei}  watching for long around .20 - .30
[09:41] {magoo} MCP going nuts
[09:42] {Threei}  let's trail V to under .50
[09:44] {Threei} Long Setup:  CAT  .65 break half lot
[09:45] {Threei}  stop under .55 for scalpers, .50 for day traders
[09:45] {dino} msb sm l .65 ave
[09:47] {ese} in
[09:47] {ese} .66
[09:47] {Threei}  V 1:1
[09:49] {Threei}  (US) Preview: Nov Construction Spending due out at 10:00ET** Consensus expectations (M/M): +0.2%e v +0.7% prior
[09:49] {Threei}  (US) Preview: Dec ISM Manufacturing Index due out at 10:00ET**Consensus expectation: - ISM Manufacturing: 57.0e v 56.6 prior (most estimates range between 55.0-58.0) - ISM Prices Paid: 71.3e v 69.5 prior
[09:51] {magoo} REE dive
[09:51] {magoo} SHZ not lookin good
[09:51] {Threei}  market spike is coming
[09:51] {Threei}  CAT is not following well
[09:51] {Threei}  no likey
[09:51] {ese} was just thinkin that vad
[09:53] {Threei}  V is ready to take .80 and go
[09:53] {Threei}  finally... CAT looks better now
[09:54] {Threei}  V stop to .55
[09:54] {Threei}  CAT too
[09:58] {nemo} volumes low on spy and Qs, huge on Dow
[09:59] {Threei}  not sure what the significance of this is...
[10:00] {nemo} me neither just info...volumes might be low this week
[10:00] {Threei}  still, should rise vs last one
[10:00] {Threei}  which was the lowest volume of the year
[10:00] {nemo} yes
[10:02] {Threei}  *(US) NOV CONSTRUCTION SPENDING M/M: 0.4% V 0.2%E
[10:03] {Threei}  *(US) DEC ISM MANUFACTURING: 57.0 V 57.0E; PRICES PAID:72.5 V 71.3E
[10:02] {nemo} look how strong the dollar is
[10:02] {Threei}  let's go V
[10:02] {Threei}  you are so ready
[10:03] {nemo} aig drop
[10:04] {magoo} target V
[10:04] {Threei}  closer to 71
[10:04] {Threei}  CAT no go
[10:05] {Threei} Short Setup: X  .85 break half lot
[10:05] {Threei}  if stays under .95 of course
[10:08] {ese} stoped cat .56 by the way
[10:08] {Threei}  yup
[10:08] {jfjf64} die   x
[10:10] {Threei}  1:1 X
[10:10] {jfjf64} ty
[10:10] {jfjf64} out
[10:10] {Threei}  in full?
[10:10] {Threei}  half here
[10:10] {jfjf64} y
[10:10] {Threei}  should do more
[10:10] {magoo} thinking .55
[10:10] {Threei}  stop to above .90
[10:11] {Threei}  1:2
[10:11] {Threei}  1/4 more out
[10:11] {jfjf64} gj
[10:11] {RonS} x took .88 to .72  +.16 thxs 3i
[10:11] {Threei}  :)
[10:11] {Threei}  V out balance
[10:12] {Threei}  X stop for the last part to .80
[10:14] {nemo} tna offer .06
[10:14] {nemo} hide and seek
[10:14] {nemo} bp DB?
[10:15] {magoo} LVS pretty deep pllbk
[10:15] {magoo} out x sh .74
[10:15] {Threei}  rather looks like breakdown to me, nemo
[10:15] {Threei}  LVS, watching
[10:15] {Threei}  done with X
[10:17] {Threei} Short Setup: SLW  .70 break
[10:18] {Threei}  if stays under .80
[10:21] {magoo} LVS
[10:21] {Threei}  still not ready, IMO
[10:22] {Threei}  SLW 1:1
[10:22] {nemo} spy might be ready for another run look at tails on last few candles
[10:23] {Threei}  looks like, yeah
[10:23] {dino}   msb to .99
[10:23] {dino} to .04
[10:23] {dino} out .03, +.38
[10:24] {jfjf64} out
[10:24] {nemo} omg...a red candle in tna
[10:24] {Threei}  SLW 1:2
[10:25] {jfjf64} happy  new  year
[10:25] {jfjf64} lol
[10:25] {jfjf64} ty
[10:26] {Threei}  LVS lower
[10:26] {Threei}  1:3 SLW, me out
[10:26] {jfjf64} gj
[10:26] {jfjf64} 3i
[10:26] {Threei}  ty
[10:26] {Threei}  I have my moments
[10:28] {Threei}  ok, LVS, one more leg down and it should be bounce-ready
[10:28] {Threei}  around .60
[10:29] {RonS} msb took 38.60 to 39.10...thanks dino
[10:30] {dino} gj ron
[10:31] {nemo} now vad
[10:31] {Threei}  .65 break
[10:31] {jfjf64} ??
[10:32] {Threei}  if loses .60, then 5 cents ranges in effect
[10:32] {Threei}  .60 break
[10:32] {jfjf64} in
[10:32] {Threei}  stop under .55
[10:33] {Threei}  not yet
[10:34] {Threei}  hmm... valid again it seems
[10:34] {jfjf64} im in
[10:34] {jfjf64} stop .50
[10:34] {Threei}  ok
[10:35] {Threei}  needs to take .60
[10:35] {jfjf64} y
[10:35] {jfjf64} es
[10:35] {Threei}  then jump is likely
[10:35] {jfjf64} playin games
[10:36] {jfjf64} .550stop  4  me
[10:36] {dino}  bsft drop
[10:36] {jfjf64} grrrrrrrrr
[10:36] {Threei}  give it more room to drop
[10:37] {jfjf64} i was to  aggresive
[10:38] {magoo} since i mentioned it, its a point short dammit
[10:39] {nemo} bids .44
[10:39] {nemo} oops
[10:40] {nemo} axp vad
[10:41] {Threei}  what do you see there?
[10:41] {nemo} bounce off 200 but almost in resistance now
[10:41] {nemo} .45 big selling level lvs
[10:42] {nemo} missed it
[10:45] {Threei}  yeah
[10:45] {Threei}  whastever
[10:45] {Threei}  become a tough one to trade lately
[10:45] {nemo} .46 was it, huge selling-once lifted it went..tested the level a few times
[10:48] {dino} itri sm l .50
[10:48] {dino} stop .29
[10:48] {nemo} next run
[10:48] {Threei}  same thing it did earlier with .60, only wasn't successful in breaking it
[10:49] {nemo} yeah
[10:50] {nemo} cree .40 break?
[10:50] {nemo} hold .29
[10:51] {Threei}  nah
[10:53] {ese} L akam 1/2 .10
[11:09] {Threei}  snow in Vegas
[11:09] {Threei}  how's that global warming working got ya
[11:09] {Threei}  for
[11:09] {dino}  bumming on msb
[11:12] {magoo} let winners win dino
[11:13] {magoo} have to say vad, it was 56 degrees f both sat and sun in pennsyltuckey
[11:13] {Threei}  I don't know what that means
[11:13] {magoo} means warm, very warmb
[11:14] {Threei}  after record cold and snow all over east board and eaurope... shurg
[11:14] {dino} -6 f below normal in our area for december
[11:14] {Threei}  snow in Atlanta
[11:15] {Threei}  friends in San Diego say "this frikin cold wasn't included in our contract with california"
[11:18] {magoo} REE high
[11:18] {magoo} AVL a player
[11:18] {magoo} abnd cant believe i missed MCP, not in
[11:19] {nemo} vhs
[11:19] {nemo} sorry
[11:19] {RonS} beta
[11:19] {RonS} sorry
[11:20] {Threei}  lol
[11:23] {nemo} tna break .20?
[11:23] {nemo} broke
[11:23] {Threei}  I hate trading breakouts at this point
[11:23] {nemo} that's why they'll work ;)
[11:24] {Threei}  pullback to 77, I'll be happy to look for entry
[11:24] {Threei}  break, I stay away
[11:24] {nemo} buy while puking
[11:24] {nemo} 77 was bounce of 50 ma
[11:24] {Threei}  that's the entry
[11:24] {Threei}  minimal risk, good reward
[11:24] {Threei}  this .20 break is asking for troubles
[11:25] {Threei}  you may get slow climb, and most likely you get fast shakout
[11:25] {Threei}  which will rinse you, leave you in the dust, watching train leaving the station without you
[11:25] {Threei}  crying bitterly and reading sentimental poems
[11:26] {Threei}  which is disaster in and of itself
[11:26] {nemo} me...read sentimental poems
[11:26] {Threei}  see? That's how bad it is!
[11:26] {Threei}  this is what buying these breakouts will do even to hardened cri... umm, traders
[11:27] {nemo} bull flag mcp
[11:29] {RonS} Allman Brothers territory, eh?
[11:29] {nemo} ?
[11:29] {RonS} "Tied to the Whippiing Post"
[11:30] {nemo} ahhh...o.k....not sure I get the analogy
[11:30] {RonS} ese, you around?
[11:30] {RonS} well, nemo when you get rinsed, don't you feel the bite of the whip?
[11:31] {ese} ya just went L stld .69
[11:31] {nemo} no
[11:31] {nemo} I feel a hot poker
[11:31] {dino}   oxps l .60 stop .49
[11:31] {nemo} whips are o.k.
[11:32] {RonS} son-in-law showed me:  www.wherethehellismatt.com
[11:32] {RonS} seen it?
[11:32] {RonS} "the dance"
[11:32] {nemo} no..and I still don't get it
[11:33] {magoo} AVL trying
[11:33] {Threei}  lookie looki TNA
[11:35] {ese} akam stopped .85
[11:40] {RonS} ese, play the 2008 video sometime. it is entirely charming: http://www.wherethehellismatt.com/videos.shtml
[11:41] {Threei}  see how TNA works like a charm off a pullback to 77
[11:41] {nemo} what was your entry
[11:41] {nemo} ?
[11:41] {Threei}  I haven't said I tarded it
[11:41] {Threei}  I illustrate the principle of a pullback vs breakout
[11:41] {nemo} did you re-tard it?
[11:47] {ese} dino tza...
[11:47] {ese} hey ron......ya will do
[11:48] {nemo} lvs
[11:48] {nemo} aig
[11:48] {Threei}  wow LVS
[11:50] {jfjf64} bounce
[11:50] {Threei}  UBS making cautious comments
[11:50] {Threei}  shrug
[11:50] {Threei}  .50 break I guess
[11:51] {Threei}  1:1
[11:53] {Threei}  1:2
[11:53] {Threei}  me out
[11:57] {RonS} 3i, crus l on .50 break?
[11:58] {jfjf64} inv  c/h  forming   lvs
[11:59] {Threei}  I think so
[11:59] {Threei}  don't expect it to be fast, but chart looks tempting
[11:59] {jfjf64} all in
[12:02] {jfjf64} took  4  cents
[12:02] {jfjf64} wow
[12:02] {jfjf64} lol
[12:02] {Threei}  don't spend it all at once
[12:03] {dino}   bazingga
[12:05] {dino} lphi blood
[12:06] {RonS} ?
[12:12] {dino} itri stopped -.22
[12:38] {dino}  anybody finding much?
[12:40] {magoo} im flippin MCP, REE
[12:42] {Threei}  MCP looks breaky
[12:44] {nemo} mos
[13:07] {ese} nope
[13:07] {ese} that ws a delayed nope dino
[13:10] {dino} ok
[13:11] {Threei}  delayed is serious understatement... that was like second coming, waited for over millenia
[13:11] {Threei} Short Setup: X  .95 break'
[13:16] {ese} L slw .69
[13:17] {magoo} klook RVBD
[13:17] {ese} still L stld
[13:20] {dino} gj slw
[13:20] {ese} i'm liken it
[13:21] {ese} thats the coup da grass for 5min chrts as far as i'm concerned
[13:21] {nemo} the kill shot ese?
[13:22] {ese} yup.......
[13:22] {ese} out 1/2
[13:22] {ese} .80
[13:23] {nemo} mos db here?
[13:23] {magoo} sh X .99 off vad
[13:24] {ese} stop to break even balance
[13:24] {Threei}  cover I think
[13:24] {Threei}  at least partial
[13:28] {dino} ipi sm l .50
[13:29] {magoo} gotta reboot, brb hopefully
[13:37] {nemo} veco dino
[13:39] {dino} hmmm
[13:40] {dino} gap fill in making?
[13:40] {Threei}  a bit too much to fill...
[13:42] {Threei}  sheesh... reboot sure takes magoo out of the game for a long time, lol
[13:43] {Threei}  I envision him in the chair ion front of B-747 like control panel, hitting numerous switches, pushing levers, hitting buttons....
[13:43] {nemo} funnny...I see him adjusting the antenna
[13:43] {Threei}  rofl
[13:45] {RonS} ...and i see him changing shoes and wondering why the computer won't work...
[13:46] {nemo} aig?
[13:46] {Threei}  probably worth a try
[13:47] {dino} i see him tripping over the cord
[13:49] {ese} let me see....how do you spell "sloth" in english.....stld.....sheesh
[13:56] {ese} L avl .59
[13:57] {RonS} nice ese
[13:57] {ese} out avl .72 +.13
[13:58] {dino} gj
[13:58] {ese} tks
[13:58] {RonS} 30k?
[13:58] {ese} no 2
[13:58] {magoo} looks higher
[13:58] {magoo} eating up massive size offers
[13:59] {ese} vad question......that big volume spike in avl when it hit .60 gave me a scare......normally that would sign price heading back dn wouldn't it....euphoria
[14:00] {ese} volume spike
[14:00] {magoo} in .59 with ya
[14:00] {Threei}  volume spike was big but price movement relatively small at .60...
[14:00] {magoo} but trying for high .80s
[14:00] {Threei}  now 20 cents higher, sure
[14:01] {ese} theres the reversal there
[14:01] {magoo} yea sux
[14:02] {ese} it's still hangin in there mags
[14:03] {magoo} waiting .94
[14:03] {ese} riden cowboy buddy
[14:03] {magoo} we will see
[14:03] {ese} ridem
[14:03] {RonS} ur gonna be rich!
[14:05] {RonS} it's a freakin first day ipo?
[14:06] {magoo} so
[14:06] {magoo} all the better
[14:06] {RonS} just askin
[14:06] {magoo} go to 9 bux in that case
[14:07] {magoo} vad, read MCP?
[14:07] {RonS} ...the Chinese must be in on it...that is why they started talking quota cuts to send all up and get this out...
[14:07] {Threei}  not really mags
[14:08] {magoo} if it takes 58, launch?
[14:09] {Threei}  not sure
[14:09] {Threei}  could be a big smackdown just as well
[14:09] {Threei}  50/50
[14:09] {magoo} vad dog 50/50
[14:12] {Threei}  huh?
[14:13] {magoo} a booze, mad dog 50/50
[14:40] {dino}   ipi stopped -.26
[14:40] {ese} cat never did come around today
[14:40] {Threei}  no
[14:57] {dino}    rnet
[14:57] {nemo} does it trade?
[14:58] {Threei}  yes but by appointment
[15:02] {RonS} atpg
[15:17] {ese} dino.....what are you thoughts on drys
[15:18] {ese} looks to me like it's gonna hit about 4.80......thats a good buy in point for me
[15:23] {dino}  not happy w/it
[15:23] {dino} break of 5 and gone
[15:26] {ese} hmmmmm
[15:27] {dino} gap 4.85
[15:46] {ese} cya tomorrow.........
[15:47] {RonS} cya ese
[15:47] {ese} ron
[15:48] {Threei}  take care ese
[15:50] {Threei}  seems we are back to the gap-and-stall pattern
[15:50] {Threei}  bad sign for bears
[15:56] {Threei}  hmm
[15:56] {Threei}  sudden bout of selling
[15:56] {Threei}  no news
[15:56] {Threei}  probablky nothing, just profit taking
[15:57] {Threei}  thank you all, have a good evening
[15:57] {Threei}  see you tomorrow for another gap up
[15:58] {harth} cya Tues!
[15:59] {larisa} bye!
[16:02] {magoo} take care
[16:04] {dino} veco almost filled that open gap
[16:07] {dino} gn all