Friday, February 11, 2011

Feb 11 2011

Strong end to a week with 6 wins out of 8 calls.

Session Time: Fri Feb 11 00:00:00 2011
[08:08] {magoo} morning
[08:28] {Threei}  I'll take your word for it...
[08:42] {nemo} You know you're in trouble when: Iraq embassy in Cairo urges Iraqis to return home http://bit.ly/gf4LOP
[08:45] {nemo} Hey guys...found a system that's profitable 100% of the time
[08:46] {Threei}  I don't even want to know how it works, simply give it to me
[08:47] {Threei}  and hopefully, it pushes buttons too
[08:47] {nemo} Don't tell anybody.....
[08:47] {nemo} Ready....
[08:47] {nemo} Buy the dips
[08:47] {strider} why would I want to buy you?
[08:47] {nemo} Oh, by the way Vad...I found something that is likely to make you orgasm
[08:47] {nemo} good strider I like that
[08:48] {Threei}  bacon wrapped in bacon?
[08:48] {nemo} almost
[08:49] {nemo} http://bit.ly/f3jokd
[08:50] {Threei}  lol
[08:52] {nemo} pretty cool huh?
[08:53] {Threei}  (US) Treasury Sec Geithner: Administration plans to rebuild the private housing finance system, with private market playing a dominant role
[08:53] {Threei}  - US needs more "targeted and transparent" services for US homeowners.
[08:53] {Threei}  - Expects the cost of mortgages will rise modestly over the long run.
[08:53] {Threei}  - Cannot wait too long to form new legislation, sees a consensus between both parties that we need to wind down the GSEs
[08:53] {Threei}  - Would like to see changes take place within two years.
[08:53] {Threei}  - Expects cost of FHA loan to rise by 25 basis points.
[08:53] {Threei}  - All GSE loan portfolios will be guaranteed by the govt during the Fannie and Freddie wind-down process.
[08:54] {nemo} whenever I see "targetted and transparent"  I reach for the puke bucket
[08:56] {RonS} gm...quite a pre reversal in the big burrito CMG
[08:57] {Threei}  ron :)
[09:02] {magoo} watching that ron
[09:02] {magoo} was 270 area
[09:11] {strider} morning folks
[09:11] {strider} NILE
[09:12] {Threei}  strider :)
[09:12] {dino} gm all
[09:12] {strider} :)
[09:13] {nemo} too thin for my liking
[09:14] {Threei}  dino :)
[09:15] {strider} maybe not today though
[09:16] {nemo} true
[09:16] {nemo} spy bounced off yesterday's oppen
[09:16] {ScottM} morning.
[09:17] {nemo} accurate assessment
[09:17] {Threei}  scott :)
[09:22] {ese} gm
[09:22] {jfjf64} mornin all
[09:23] {Threei}  ese, jf :)
[09:25] {nemo} 48.58 support MCP
[09:25] {strider} mcp
[09:25] {nemo} duh
[09:25] {strider} :)
[09:25] {nemo} dip
[09:26] {jfjf64} mcp  hit hard
[09:26] {strider} no thanks.  I quit
[09:26] {nemo} big pomo day
[09:26] {RonS} Molycorp Eases 3%, Prices Its Mandatory Convertible Preferred Offering and Secondary Shares       02/11 06:39 AM
[09:27] {larisa} gm :)
[09:27] {RonS} It also priced the secondary offering of 13.5 million shares of common stock by its selling stockholders at $50 each. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.025 million shares of common stock to cover over-allotments, if any. The secondary
[09:27] {Threei}  larisa :)
[09:28] {Threei}  I am skipping first 5 min guys
[09:28] {jfjf64} bacon
[09:28] {jfjf64} eggs
[09:28] {dino} yum
[09:28] {Threei}  no :(
[09:28] {Threei}  too early
[09:28] {Threei}  in an hour
[09:28] {jfjf64} im hungry
[09:29] {jfjf64} volcano iceland get ready
[09:29] {jfjf64} bloomberg
[09:29] {jfjf64} good reason to worry
[09:30] {dino} me too
[09:30] {nemo} so unusual for you dino
[09:30] {dino} lol
[09:30] {Threei}  rofl
[09:31] {jfjf64} jpm
[09:32] {jfjf64} l   bp .53
[09:33] {Threei} Short Setup: X  .60 break half lot
[09:33] {Threei}  if stays under .70
[09:34] {nemo} rimm sheesh
[09:34] {jfjf64} in
[09:34] {Threei}  1:1
[09:34] {magoo} in
[09:34] {Threei}  1:2
[09:34] {Threei}  I am sorry for deceiving you guys... it was only 3 minutes
[09:35] {nemo} caught me off guard
[09:35] {jfjf64} out
[09:35] {Threei}  so sorry
[09:35] {jfjf64} ty
[09:35] {Threei}  yw
[09:36] {Threei}  watch SLW for possible short into bounce to .40
[09:37] {Threei}  another urgent statement from Mubarak coming soon
[09:39] {Threei} Long Setup:  LVS  .64
[09:39] {Threei}  awww
[09:39] {Threei}  no chasing
[09:39] {Threei}  let it pull back
[09:39] {dino} gdot odd
[09:40] {Threei}  ugh.. got away
[09:40] {Threei} Short Setup: SLW  .40 break
[09:40] {nemo} hehehe
[09:40] {Threei}  yeah
[09:41] {magoo} o chance right?
[09:41] {Threei}  no
[09:41] {Threei}  unless you were sitting with button pressed
[09:41] {nemo} akam .75 bid
[09:41] {Threei}  ok... same setup
[09:41] {Threei}  valid again
[09:41] {ese} rimm breaking out to new highs.....
[09:41] {ese} mags thoughts
[09:42] {dino} gdot sm l .75
[09:42] {Threei}  RIMM?
[09:42] {dino} wide gappy
[09:42] {jfjf64} in .37
[09:42] {Threei}  ese, your quotes are delyaed I think
[09:42] {nemo} frickin musicians
[09:42] {ese} ya
[09:43] {jfjf64} st5op .46
[09:43] {jfjf64} slw
[09:43] {Threei}  yes
[09:43] {ese} watching 5min chrt
[09:43] {ese} should qualify....looks like 3/4 month high
[09:44] {magoo} no clue ese
[09:44] {jfjf64} comon  die
[09:44] {magoo} got .28 remain X vad ty
[09:44] {Threei}  wtg
[09:45] {Threei}  {SLW} ah jf, what did I ever do to you.... you jusat don't like me anymore, do you
[09:45] {jfjf64} ??
[09:45] {jfjf64} slw  die
[09:46] {Threei}  sigh... give him coffee someone
[09:46] {jfjf64} lol
[09:46] {jfjf64} feels  heavy
[09:46] {nemo} akam dropped big when that .75 bid dropped
[09:46] {Threei}  {SLW} ah I knew it, you think I am fat
[09:46] {jfjf64} ahh
[09:47] {jfjf64} waitin  for  a  cookbook  to  go  on  sale  on  ya  site
[09:47] {jfjf64} lol
[09:47] {Threei}  I don't believe you
[09:47] {Threei}  it's not like you bought photo one
[09:47] {magoo} x lower..i knew it
[09:48] {Threei}  also, recipe book is likely to be very very short
[09:48] {strider} stop on slw?
[09:48] {Threei}  above .45
[09:48] {ese} L rimm .49
[09:48] {jfjf64} got to  eat  .33  .32
[09:48] {Threei}  yes... but if it does...
[09:48] {Threei}  risk is small enough to give it a chance
[09:48] {ese} out .64
[09:49] {ese} +.15
[09:49] {RonS} gj ese
[09:49] {ese} tks
[09:49] {Threei}  9:55 UofM confidence numbers
[09:49] {dino} gj
[09:49] {magoo} WYNN ripped
[09:49] {ese} damn that thing moves fast
[09:49] {Threei}  crap, LVS pulled back for entry
[09:49] {Threei}  didn't watch it
[09:49] {Threei}  no go SLW
[09:50] {magoo} out SLW
[09:50] {Threei}  anyone got LVS on pullback right into trigger?
[09:50] {magoo} no
[09:51] {Threei}  daily dose of idiocy:
[09:51] {Threei}  (IT) Italy Fin Min Tremonti: The problem of European crisis is not due to public debt but a banking crisis; must be communicated to the public
[09:51] {nemo} wtf
[09:52] {jfjf64} mamma  mia
[09:52] {magoo} buy the f'in dips
[09:52] {magoo} look cmg F
[09:53] {Threei} Short Setup: LVS  .20 break
[09:54] {nemo} .30 break?
[09:54] {dino} lol italy
[09:54] {jfjf64} in.25
[09:54] {jfjf64} jumped
[09:55] {Threei}  yeah, just wanted to say aggressive entry looks good
[09:55] {magoo} me too
[09:55] {Threei}  *(US) JAN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 75.1 V 75.0E
[09:55] {Threei}  1:1
[09:55] {Threei}  1:2
[09:55] {jfjf64} out
06[09:55] * Threei slaps jfjf64 around a bit with a large roll of cash
06[09:55] * Threei slaps magoo around a bit with a large roll of cash
[09:56] {jfjf64} +14 cents
[09:56] {jfjf64} ty
[09:56] {Threei}  easy button
[09:56] {magoo} ill hit it for ya
[09:56] {jfjf64} had  that  feelin  aggresive  entry
[09:56] {jfjf64} guess being  in  room
[09:56] {jfjf64} lol
[09:57] {strider} was in at .28, jf.
[09:57] {dino} cgnx sm l .99
[09:57] {strider} out .16, .01
[09:57] {Threei}  1:3 baby
[09:58] {Threei}  wtg strider
[09:58] {strider} thank you
[09:58] {jfjf64} nice  strder
[09:58] {Threei}  so let me get this straight
[09:58] {Threei}  your stop was 3 cents?
[09:59] {strider} well, yeah
[09:59] {Threei}  I don't even know with what to slap you
[09:59] {jfjf64} we hope
[09:59] {jfjf64} lol
[09:59] {strider} I hate slippage
[10:00] {Threei}  {slippage} you think I like you? any of you? you... you... meanies... sniff
[10:00] {strider} eat more slippage
[10:00] {Threei} Short Setup: X  .50 break
[10:01] {jfjf64} in
[10:01] {jfjf64} .51
[10:01] {strider} .52 :)
[10:01] {Threei}  great, now they are trying to out-agress each other
[10:02] {Threei}  1:1
[10:02] {jfjf64} out  ty
[10:02] {Threei}  stop .56 if partialing
[10:03] {jfjf64} lvs  pull bk
[10:03] {Threei}  scalpers win
[10:04] {Threei}  (US) Treasury Sec Geithner: Reiterates that it is essential that US Congress raises debt ceiling (taped CNBC interview excerpts)
[10:04] {Threei}  no really?
[10:04] {Threei}  it's essential that govt doesn't get shut down... who would have thought
[10:05] {nemo} russell new highs
[10:06] {nemo} mos jeez
[10:07] {ese} vad is your trade the news feed crapping out on you
[10:07] {strider} grmn
[10:07] {strider} takeover chatter
[10:08] {ese} loosing connection a ton here
[10:08] {RonS} tighten it
[10:08] {Threei}  no ese, fine here
[10:08] {strider} short grmn +.11
[10:09] {dino} gj
[10:09] {magoo} we are at top of spy channel nemo, 132.37
[10:10] {nemo} mcp testing bottom
[10:13] {Threei}  RIMM
[10:14] {nemo} look for mos bounce 87?
[10:14] {Threei}  not sure, MOS...
[10:15] {Threei} Long Setup:  RIMM  .67 break
[10:15] {larisa} 67 you mean
[10:15] {Threei}  lol, yes
[10:15] {nemo} H&S on 3 minute
[10:16] {Threei}  but I am sure strider and jf are in from .95
[10:16] {jfjf64} .01
[10:16] {Threei}  hmmm... are you OK?? :)
[10:16] {Threei}  1:1
[10:17] {Threei}  1:2
[10:18] {jfjf64} ty
[10:18] {RonS} caught .21 rimm txs 3i
[10:18] {Threei}  sure thing
[10:18] {jfjf64} 1 stop
[10:18] {jfjf64} 4 wins
[10:18] {Threei}  1:3
[10:18] {Threei}  me out
[10:19] {magoo} out .29 ty
[10:19] {Threei}  :)
[10:19] {Threei}  can I go home?
[10:19] {jfjf64} nice  mags
[10:19] {magoo} u are home SO back to WORK
[10:19] {strider} bringing home the bacon?
[10:19] {Threei}  meanie
[10:19] {dino} cgnx stop -.28
[10:20] {Threei}  speaking of bacon...
[10:20] {magoo} read X vad? looks short
[10:20] {jfjf64} cook book    BACON   IN victoria
[10:20] {magoo} but hey BUY THE DIPS
[10:20] {RonS} lol
[10:20] {nemo} AKAM wedge?
[10:21] {Threei}  no idea on X here
[10:21] {nemo} yeah Mos 87 was it
[10:22] {magoo} RIMM news was great yesterday, so its prob goping higher, need to catch a dip
[10:22] {ese} L wfc .02
[10:23] {RonS} check out that RAX
[10:23] {nemo} S akam .14?
[10:23] {magoo} what porn site ron?
[10:23] {RonS} hehe
[10:24] {RonS} nice ese
[10:24] {Threei}  lol
[10:26] {jfjf64} .lost  ya guys
[10:26] {jfjf64} porn  hee hee
[10:26] {jfjf64} bacon
[10:26] {jfjf64} whats  going  on  here
[10:27] {nemo} wow for people that know how to play CMG they made there year today
[10:27] {nemo} their
[10:27] {ese} am back
[10:27] {ese} out wfc .12
[10:27] {ese} +.10
[10:27] {RonS} got loost again?
[10:28] {ese} loosing connection here like crazy
[10:28] {nemo} no, $20 swing
[10:28] {strider} l rvbd .92
[10:28] {nemo} $25
[10:28] {strider} stop .82
[10:28] {RonS} is that Canuckian for losing?
[10:28] {dino} cgnx sm l .41
[10:28] {Threei}  and don't even think of going anywhere near Newfoundland, Ron
[10:32] {Threei}  SPY's green
[10:32] {jfjf64} slw
[10:32] {jfjf64} .60 break
[10:32] {jfjf64} s
[10:33] {jfjf64} ?
[10:33] {Threei}  I'd rather wait for bounce and try short closer to .70
[10:34] {Threei}  no chance
[10:34] {strider} stop rvbd . -.12
[10:34] {jfjf64} naa
[10:34] {jfjf64} and  didnt  give  clean  set up  .60
[10:34] {jfjf64} too fast
[10:35] {ese} nice move wfc
[10:35] {nemo} cat
[10:37] {jfjf64} cmg
[10:37] {jfjf64} new hihg
[10:37] {strider} l cat .93
[10:44] {Threei}  SLW
[10:44] {Threei}  volume all but disappeared on this bounce
[10:45] {jfjf64} .60 short
[10:45] {jfjf64} ?
[10:45] {Threei}  aggressive
[10:45] {Threei}  stop above .70
[10:46] {nemo} trend line .68
[10:46] {jfjf64} didnt tk
[10:46] {Threei}  let's keep those stops ridiculously tight
[10:46] {jfjf64} yet
[10:46] {Threei}  hit .67 if selling hits
[10:46] {Threei}  with l.imit .66
[10:47] {nemo} volume doji between .60 and .68
[10:47] {Threei}  nope, not ready
[10:47] {jfjf64} nope
[10:47] {nemo} spy running
[10:48] {strider} partial +.10 cat
[10:48] {nemo} volume tna
[10:49] {jfjf64} cop
[10:49] {jfjf64} ??
[10:49] {strider} out +.23 balance
[10:49] {Threei}  mibbit hiccup?
[10:49] {strider} stopped on early entry in slw, -.09
[10:49] {jfjf64} what  were  ya  in  stider
[10:49] {strider} cat
[10:50] {jfjf64} nice
[10:50] {nemo} new high spy coming
[10:50] {RonS} rvbd +.26  thanks for the idea strider
[10:51] {strider} hmmmm
[10:51] {RonS} 1.86 to 2.12
[10:51] {strider} I seem to remember stopping out on rvbd
[10:52] {magoo} see rimm pllbk and rip
[10:52] {RonS} ya, you had the stop too tight...dino play small shares and wider stop...
[10:52] {ese} i'm watchin that mags
[10:52] {Threei}  yeah... was thinking of second play there but lacked confidence
[10:52] {magoo} me too, but the pll to 200 was it
[10:53] {magoo} pullback =pll
[10:53] {ese} next resistance for rimm is what.........72.20 maybe
[10:53] {ese} this should go
[10:54] {magoo} but it could rinse us
[10:55] {ese} ya...hmmmmmm...not likely today i don't ....it would have done it already....I think think your pullback idea and rip is a good one
[10:55] {nemo} new spy high
[10:56] {ese} it's only up .50 cents....this thing has 2 and 3 dollars potential
[10:56] {strider} ump rocking
[10:56] {strider} unp
[10:56] {ese} L rimm .45
[10:57] {ese} given it a crack ...see what happens
[10:58] {ese} out .31 -.14
[10:58] {dino} out cgnx .75, +.34
[10:59] {nemo} 132.90 area for spy
[10:59] {magoo} gj
[11:00] {dino} gddot to .82
[11:00] {dino} gdot
[11:01] {dino} to .92
[11:01] {RonS} gdot = indian environmental company?
[11:01] {dino} expe sm l .15
[11:02] {dino} to .10
[11:03] {Threei}  *(EG) EGYPT PRESIDENTIAL OFFICE: MUBARAK WILL STEP DOWN
[11:03] {dino} to .25
[11:04] {dino} out gdot .20, +1.45
[11:04] {magoo} jesus
[11:04] {magoo} magoo faints
[11:04] {strider} gag me with a spoon
[11:04] {RonS} he's back?
[11:04] {Threei}  lol
[11:05] {magoo} shove spoon up stryders butt and twist
[11:05] {Threei}  notice SLW reaction
[11:05] {magoo} buy the dips is perfect for dino
[11:05] {dino} :D
[11:06] {RonS} got .18 to .35 expe...thxs dino
[11:06] {dino} gj ron
[11:06] {nemo} .82 next support level
[11:09] {ese} good one ron
[11:09] {ese} L ldk .05
[11:09] {ese} have been building a position in this one for a couple of weeks
[11:10] {Threei}  so, let me get this straight: Suleiman who run Egypt version of KGB takes over, and croqwd chants "egypt is free'?
[11:12] {strider} in expe .20
[11:15] {strider} stop out .09
[11:16] {nemo} 20.82 next support
[11:20] {nemo} pennant on mos
[11:21] {nemo} expe broke downtrend
[11:23] {dino} expe to .25
[11:25] {dino} wow gdot
[11:25] {nemo} vwap 21.58 and descending on expe dino
[11:26] {dino} ty
[11:26] {dino} stopped +.10 want lower entry
[11:27] {dino} waiting .01
[11:27] {RonS} ese, read on rmbs?
[11:31] {Threei}  here comes next stage: "people are saying thwy want to hold Mubarak accountable"
[11:32] {Threei}  my bet is, all this prolonged exit was exactly about this: he was looking for the way to exit safely
[11:33] {ese} hey ron....sorry am just seeing post now...will look at it
[11:33] {Threei}  ese, look dcc pls
[11:34] {dino} sure he was, plus transferring money, destroying records
[11:36] {ese} nothing sticks out for me ron although i like the fact that it's just broke above last weeks high
[11:37] {ese} in general i'm looking at stuff thats above 50 and 200ma's on weekly charts
[11:38] {dino} sm l cgnx .50
[11:39] {dino} iphi?
[11:40] {nemo} iffy
[11:42] {dino} expe sm l .05
[11:43] {ese} ron ya there
[11:43] {RonS} yep, thanks
[11:44] {ese} check out 3 to 5 years weekly charts on ldk ,wfr, sti for starters.......big long cup and handles either just under or breaking through resistance points
[11:44] {ese} those babies are headed up
[11:45] {ese} sti just breaking through 30, wfr 70
[11:46] {ese} on up mrkt days these are kinda my bread and butter for scalps......don't totally stick to these 100% but when i need bread and butter
[11:46] {dino} wow 3-5 years
[11:47] {dino} i haven't been alive that long
[11:47] {ese} just to see the cup and handle pattern......drill dn to 1min on up days
[11:47] {Threei}  I may have, but I have no memory of that
[11:47] {dino} i'm that etrade baby
[11:48] {RonS} riding the dog like a horse is frowned upon
[11:49] {ese} sorry wfr is more double bottom but just breaking through 50 ma weekly
[11:49] {ese} lol
[11:51] {nemo} nsc short .09?
[11:51] {dino} expe troubles me, stop to .97
[11:52] {Threei}  hard to tell NSC
[11:52] {dino} lol ron, i like the airplane one best
[11:53] {RonS} shankapotomus is pretty good too
[11:53] {nemo} rimm 67.00 break?
[11:53] {nemo} oh...lunchtime
[11:54] {Threei}  RIMM I doubt
[11:54] {Threei}  but NSC starts looking better
[11:54] {nemo} just seeing that
[11:55] {nemo} support at .05 then 63.80
[11:56] {nemo} still a lunchtime break play though
[11:56] {dino} nemo, gdot thoughts
[11:58] {nemo} holds .58 should go for a retest of high
[11:58] {dino} thx
[11:58] {nemo} see the gap
[11:59] {dino} no
[11:59] {nemo} between 11:21 and 11:22
[12:00] {nemo} when it bottomed, nothing closed below .58
[12:00] {RonS} dino can't see a gap? i am shocked!
[12:00] {dino} ok
[12:00] {nemo} your gap is surrounded by your head
[12:00] {nemo} open looking higher
[12:01] {dino} it's friday ron, mind is going numb (but that could be because i was out last night)
[12:01] {RonS} good one
[12:01] {RonS} nsc s .12
[12:12] {Threei}  jf
[12:12] {Threei}  you'll be pleased to know I just finished writing a cookbook
[12:12] {Threei}  as I promised it's a short one, just two recipes
[12:12] {nemo} bacon recipes
[12:12] {Threei}  1. Bacon. Microwave or cook in oven
[12:13] {Threei}  2. All other dishes: wrap it in what you cooked in recipe 1
[12:13] {Threei}  here comes NSC
[12:13] {RonS} out nsc .01  +.11
[12:14] {Threei}  RIMM, why didn't we just shirt it near that 67
[12:14] {RonS} hey, thanks nemo
[12:16] {strider} short rig .70, cover .56, .53
[12:16] {nemo} yw
[12:16] {nemo} support was too close for me
[12:16] {dino} cgnx to .59
[12:17] {strider} oh did you call that?
[12:17] {strider} :)
[12:17] {RonS} tight stop on nsc...just lookin for 1:1 lunch money
[12:18] {magoo} short ron?
[12:19] {RonS} already done and over mags
[12:19] {RonS} now i can afford my baloney sandwich wrapped in bacon...
[12:20] {dino} out cgnx +.07 slip
[12:21] {dino} .07 all red
[12:23] {Threei}  Ron... as far as I am concerned, they can keep the bread
[12:24] {RonS} need something to put mustard on...
[12:24] {nemo} so, you'll have your bacon wrapped in bacon
[12:24] {nemo} dip it
[12:25] {nemo} gdot still going, you in dino?
[12:26] {nemo} shit...hit the sleep button on my keyboard
[12:26] {RonS} w/ your head?
[12:27] {nemo} no...
[12:27] {RonS} 3i, rig short somewhere?
[12:27] {dino} no
[12:28] {nemo} wow, nsc kept going, this is next support area
[12:29] {nemo} actually .80 might be good place for a long if it gets there vwap at .78
[12:34] {Threei}  hmm
[12:34] {Threei}  can't make uop my mind on RIG
[12:36] {strider} apparently no one can
[12:36] {Threei}  good... then it's not the total absence of mind that is to blame
[12:51] {nemo} like RIMM break of .80?
[12:52] {Threei}  nah
[12:54] {nemo} don't like that big volume doji, huh
[12:57] {dino} gotta hop for an hour, hard stop on expe at .97
[12:58] {RonS} russell hod
[12:58] {RonS} 52 week too
[12:59] {Threei}  it's not even as exact as that doji, nemo
[12:59] {Threei}  there is no energy to its move
[13:00] {strider} akam
[13:01] {strider} short .20
[13:02] {nemo} yeah, well, all that volume couldn't push it above, a damn it was the open, turns it into a short
[13:08] {strider} out flat akam
[13:08] {ese} cya all monday....vad...were doing at Show at Pearson College tonight 8pm
[13:08] {magoo} good luk ese
[13:09] {RonS} cya ese
[13:09] {ese} tks
[13:09] {ScottM} cya
[13:09] {Threei}  take care ese
[13:15] {Threei}  RIMM
[13:15] {Threei}  short starts lookig tempting
[13:15] {Threei}  .50 break
[13:16] {Threei}  no aggressuive entry
[13:17] {Threei}  1;1
[13:17] {strider} out i full
[13:17] {strider} in
[13:17] {Threei}  :)
[13:37] {strider} out +.10 holx
[13:37] {strider} news momo
[13:43] {RonS} whoa holx reversal
[13:43] {strider} .com: Hologic receives FDA approval for first X-Ray mammofraphy device
[13:43] {strider} who knows...
[13:44] {strider} maybe that's a bad thing.
[13:44] {strider} it's not a mammography device...but a mammofraphy device.
[13:44] {strider} that's the problem.
[13:44] {strider} they forked up and made the wrong thing.
[13:45] {RonS} wow, i thought that was a typo...i was about to jump in...thanks strider
[13:45] {strider} ha!
[13:45] {magoo} vad, u think 130 in bidu is a launching pad level?
[13:46] {Threei}  130?
[13:46] {Threei}  129.50 looks like one
[13:46] {magoo} no i mean, whole number level to launch it to like 132
[13:46] {Threei}  not chart wise
[13:47] {Threei}  momo wise, could be, but how do you read that
[13:50] {RonS} strider i have two different sources saying that it is a 3D mammography device...???
[13:50] {Threei}  mine does say that
[13:52] {strider} Guys, I was making a joke....that was just a typo.
[13:52] {Threei}  I got it now... Ron, as hard it is to believe but he thinks we have sense of humor
[13:53] {RonS} i usually do but w/ this...
[13:53] {Threei}  hmmm... traitor...
[13:53] {Threei}  I am alone with none then
[13:54] {RonS} well, there is nemo...
[13:55] {dino} .
[13:56] {Threei}  nemo?? I would expect him to get sense of humor just out of spite
[14:00] {Threei}  Switzerland freezes Mubarak's assets
[14:00] {Threei}  this is interesting timing
[14:00] {Threei}  why haven't they done so yesterday? week ago?
[14:00] {RonS} put them out in the snow?
[14:01] {Threei}  do whatever you want while you are in power, the day you are out we treat you like criminal?
[14:01] {RonS} after they gave him a loan w/ that as collateral?
[14:01] {Threei}  it's not like they recieved some evidence of criminal activity just today, right?
[14:05] {RonS} As part of the approval process, the FDA reviewed results from two studies where board-certified radiologists were asked to review 2-D and 3-D images from more than 300 mammography exams. Â In both studies, radiologists viewing both the 2-D and 3-D images obtained a 7 percent improvement in their ability to distinguish between cancerous and non-cancerous case
[14:05] {strider} holx looks decent now.   I guess they repaired that defective 'g'.
[14:06] {RonS} my wife is alive today because she just happened to go to a doctor that is a national teacher of seeing the non-lumpy cancer type
[14:06] {dino} i leave for an hour come back and have no idea what you are all talking about
[14:07] {RonS} holx
[14:07] {kschun} hello all
[14:07] {Threei}  dino, don't feel bad - I was here all thbis time and still hav no idea
[14:07] {Threei}  kschun :)
[14:07] {dino} hey ks
[14:07] {RonS} lol 3i...kshun, been out seizing mubarak's assets?
[14:08] {kschun} LOL ron :-)
[14:09] {kschun} "why haven't they done so yesterday? week ago?"
[14:10] {kschun} here comes my swiss ego:
[14:10] {kschun} in Switzerland, the country works for the people, means I am the client of the government.
[14:10] {RonS} that clears it up
[14:11] {dino} keep telling yourself that
[14:11] {kschun} in lots of other countries out there in the world (see our neigbor Germany for example...) government is king, people are slaves...
[14:11] {kschun} prefer switzerland.
[14:11] {kschun} here the government works for the people. more or less...
[14:11] {dino} gdot flatlined
[14:12] {RonS} in US you are taught you are free only to be enshackled to servitude to the government
[14:12] {Threei}  fine, but how does it relate to mubarak's case?
[14:12] {kschun} US still is o.k. but go the germany. you give 50% of your income to the government
[14:13] {kschun} thats great, you work for free until 1 july...
[14:13] {dino} pretty much that in usa now
[14:13] {nemo} and 20% of anything you buy
[14:13] {dino} 39% +7% state
[14:13] {kschun} not at all vad, just wanted to add that I still love Switerzland and living here.
[14:13] {kschun} one of the last "free" countries in the world
[14:14] {kschun} if you are born in Switerzland your pretty much can decide what happend with your live yourself.
[14:14] {strider} Les, is that you?
[14:14] {kschun} and you are not the gonvernment's slave
[14:14] {RonS} lol
[14:14] {kschun} ?
[14:14] {dino} i have a swamp to sell you
[14:15] {kschun} however now, I stop and beginn look to the market. :-)
[14:15] {strider} rimm
[14:17] {dino} expe to .25to .32
[14:18] {dino} out expe .35, +.30
[14:19] {strider} vcover rimm +.17
[14:19] {dino} gj
[14:19] {strider} thx
[14:21] {Threei}  you noticed guys how we started trading RIMM more, and how it behaves better last, say, couple weeks?
[14:21] {kschun} VTR .15 to  break
[14:24] {dino} sca
[14:25] {nemo} jazz?
[14:25] {strider} my thought also
[14:25] {strider} I thought maybe he'd just left off the 't'
[14:25] {dino} sm l .50
[14:25] {dino} scg
[14:26] {RonS} Scana CFO: 'Tempering' Earnings Growth Rates Amid Economic Challenges       02/11 12:23 PM
[14:27] {RonS} Scana CFO: Annual EPS To Grow 3%-5% Over Next 3-5 Years       02/11 12:22 PM
[14:27] {dino} stop is .38
[14:27] {RonS} Scana CFO: 2011 EPS Expected At $2.95-$3.10, Versus $2.99 In 2010       02/11 12:21 PM
[14:29] {kschun} vad: your op on VTR?
[14:30] {Threei}  too narrow for me
[14:30] {kschun} o.k. thanks
[14:30] {dino} scg stopped -.10 reverse slip
[14:32] {RonS} took holx .86 to 20.09  +.23  thanks strider
[14:34] {dino} gj
[14:34] {strider} far out.
[14:35] {RonS} txs
[14:37] {strider} maybe cat will pullback to about .87
[14:40] {strider} so, I guess it's not going to pull back
[14:43] {nemo} whaddya'  crazy run north into the close?
[14:51] {RonS} wow spx 1330.58 hod
[14:52] {nemo} there won't be a serious pullback until after pomo and next earnings season
[14:52] {RonS} btfd
[14:52] {nemo} that got something to do with Barney Frank?
[14:53] {RonS} your video, remember?
[14:53] {nemo} ?
[14:53] {RonS} buy the %^&$ dip
[14:53] {strider} Men will spend twice as much as women on Valentine's Day...CNBC
[14:53] {nemo} ahhh...yes
[14:55] {dino} no kidding
[14:56] {RonS} quote of the day:  NILE changing name for one day from Blue Nile to Happy Nile .....
[14:58] {Threei}  lol
[14:59] {dino} clx spike
[14:59] {RonS} Form SC 13D CLOROX CO /DE/ Filed by: ICAHN CARL C       02/11 12:58 PM
[15:00] {RonS} 2.5 mil shares
[15:01] {strider} clx
[15:01] {RonS} must be more:  Icahn Reports 9.08% Stake In Clorox }CLX       02/11 01:00 PM
[15:01] {RonS} Icahn Says Clorox Shares Undervalued; May Seek Mgmt Talks CLX       02/11 01:00 PM
[15:02] {strider} I guess that's a good thing
[15:02] {strider} magoo...ya watching?
[15:03] {dino} icahn had 70 strike calls, lol
[15:04] {RonS} p/e 31 and undervalued?
[15:05] {magoo} CLX?
[15:05] {strider} yeah
[15:05] {magoo} wow
[15:06] {Threei}  guess who is on TV
[15:06] {RonS} burt reynolds
[15:06] {magoo} james caan?
[15:06] {ScottM} phyllis diller
[15:06] {RonS} lol
[15:06] {Threei}  full room of optimists
[15:06] {strider} The Doobie Brothers
[15:07] {RonS} went to high scholl w/ pat simmons
[15:07] {RonS} prez of student council the found the doob and got the boot
[15:07] {nemo} did he know you went to school with him
[15:07] {nemo} ?
[15:07] {RonS} then
[15:09] {strider} http://www.youtube.com/watch?v=dAtVyA_4Ijs&feature=related
[15:11] {strider} Yo from China Grove, Ron?
[15:11] {RonS} nah, he was older but went to parties and he would play guitar when other bands took break...blew them away
[15:11] {strider} You
[15:11] {nemo} mos has big offer at .50
[15:12] {nemo} cree above .35?
[15:12] {RonS} i think Carl threw bleach on the clx shorts
[15:12] {RonS} San Jose strider
[15:13] {RonS} but pat did sing that song...
[15:14] {nemo} Ill take it that was a "no" on cree
[15:15] {strider} yes on cree at .35
[15:15] {nemo} yes, that was a "no"?
[15:15] {strider} you go ahead
[15:15] {Threei} Short Setup: HOLX  .15 break
[15:15] {Threei}  if stays under .25
[15:16] {Threei}  sorry, missed CREE question
[15:16] {Threei}  but no :)
[15:16] {nemo} you missed mos too
[15:17] {Threei}  no, that one I ignored deliberately
[15:18] {nemo} I don't understand your insistance on antagonizing me
[15:18] {Threei}  hmmm
[15:18] {nemo} nevermind...now I do
[15:18] {Threei}  I will haave to do some soul-searching
[15:18] {nemo} you don't have one to search
[15:18] {Threei}  to find an answer to that one
[15:18] {Threei}  oh... right
[15:19] {Threei}  navel gazing then
[15:19] {nemo} lvs up a quiet 1.35
[15:23] {magoo} CLX unreal, this is almost like the bubble days vad
[15:23] {nemo} it might be a bubble
[15:23] {dino} its retarded
[15:25] {dino} we should be shorting it now
[15:25] {magoo} tough market..i HATE tthis market
[15:25] {Threei}  one thing to ponder magoo
[15:25] {Threei}  I knew so many traders that were going for all this exploding stuff
[15:25] {magoo} but who wants to buy blindly up here?
[15:25] {dino} break of .50 s sm
[15:26] {nemo} obviously somebody
[15:26] {Threei}  none of them is around anymore - we with our retraded hunt for dimes are still here though
[15:26] {nemo} is it because they're all retired living at a resort somewhere?
[15:26] {Threei}  they wish
[15:26] {dino} turtle wins the race
[15:26] {magoo} im not attacking u...my pix too, ying tho, we on the hard side short
[15:26] {Threei}  why,. we play longs too
[15:27] {Threei}  rememer RIMM?
[15:27] {Threei}  whatever sets up
[15:27] {RonS} ...know a guy that ran his account to $5mil in the dot.com bubble...busted out
[15:27] {Threei}  I do too, quite a few
[15:27] {Threei}  oil rally too
[15:27] {Threei}  made a fortune, lose two
[15:27] {RonS} kept trying the btfd play all the way out ...
[15:27] {Threei}  yup
[15:28] {Threei}  in a strong bull market many amass fortune
[15:28] {Threei}  even more lose it and then some in bear one
[15:29] {nemo} double top?
[15:30] {RonS} hearing earthquake chile
[15:30] {kschun} watch NYX .75
[15:30] {nemo} you watch it
[15:30] {nemo} nice trend
[15:34] {magoo} vad, looka minute chart BIDU, never seen it like that for bidu
[15:34] {nemo} whoa
[15:34] {magoo} dinkey tail w/paintbrush, 2 colors ..red/greemn
[15:35] {Threei}  yeah
[15:36] {magoo} is that consolidation?
[15:36] {nemo} breaking now
[15:36] {Threei}  pretty much
[15:36] {dino} back in ten or so
[15:37] {nemo} dino, it's friday, why come back?
[15:37] {dino} 71.50 won't break
[15:37] {dino} good point nemo
[15:38] {magoo} go happy hour
[15:38] {nemo} cree breaks out on Monday
[15:39] {nemo} oops, maybe today if it gets above .60
[15:43] {RonS} Ontario Fin Min says he doesn't want Middle East owning TMX Group, as heat turns up after London deal: report       02/11 01:42 PM
[15:43] {RonS} It would be Sheik Mohammed bin Rashid Al Maktoum, the billionaire ruler of Dubai
[15:45] {RonS} Despite what Mr. Duncan said, Dubai's ruler would be a minority shareholder (around 11.3%) with no control,
[15:46] {kschun} nyx currently at 1:5
[15:47] {RonS} gj
[15:48] {kschun} gj???
[15:49] {RonS} good job
[15:49] {nemo} ausgezeichnet!
[15:49] {kschun} ah - thanks :-)
[15:50] {nemo} Ganz Toll...
[15:50] {kschun} Danke
[15:50] {kschun} nemo really loving german language it seems :-)
[15:50] {RonS} showoff
[15:50] {nemo} Halz Mowl
[15:51] {RonS} funny he types better in german...
[15:51] {kschun} LOL
[15:51] {kschun} oh and the guy now even trying "dialect"...
[15:52] {kschun} respect, but ron could be right LOL
[15:52] {kschun} no - joking :-)
[15:53] {RonS} ...have a good weekend everyone...;)
[15:53] {nemo} Bayerisch
[15:53] {nemo} Hey Ron, why don't you stick your tongue on some cold metal
[15:53] {kschun} :-)
[15:54] {Threei}  ok guys, time to get a great relaxing weekend
[15:54] {RonS} can't, gonna be 60 degrees here all weekend...sorry
[15:54] {Threei}  thank you all
[15:54] {nemo} stick your head in a freezer
[15:54] {kschun} where the f* are you?
[15:54] {larisa} bye :)
[15:54] {kschun} thanks all, thanks vad!
[15:54] {Threei}  have a great wekend, see ou on Moday
[15:54] {RonS} Colorado
[15:54] {magoo} ty vad
[15:54] {kschun} and great weekend to the lady too!
[15:55] {nemo} oh yeah  xxxooo Lari
[16:00] {nemo} new high russell  wtf

Thursday, February 10, 2011

Feb 10 2011

Not very active or readable afternoon, but morning was good enough to make a day worth waking up.

[08:02] {magoo{} morning
[08:30] {magoo{} .
[08:31] {Threei{}  yawn
[08:31] {Threei{}  is it Earth?
[08:32] {magoo{} yup
[08:32] {Threei{}  hello Earth                                                                                
[08:34] {Threei{}  *(US) INITIAL JOBLESS CLAIMS: 383K V 410KE (lowest since July 2008); CONTINUING CLAIMS: 3.888M V 3.9ME- Prior Initial Jobless Claims revised higher from 415K to 419K - Prior Continuing Claims revised higher from 3.925M to 3.935M - 4 week Avg claims: 415.5K v 429K
[08:41] {magoo{} todays thesis-drop at open, dip buyers emerge, mini crash at 2 pm?
[08:41] {nemo{} where's the PPT?
[08:42] {magoo{} nah, we are at highs
[08:42] {magoo{} dow made 8 green straight
[08:43] {magoo{} yesterday closed green
[08:54] {magoo{} EZCH news
[08:54] {Threei{}  yes - they decided to change the symbol lest it sounds like sneeze
[08:55] {Threei{}  well, and reported earnings
[08:55] {Threei{}  EZchip Semi Reports Q4 adj $0.31 v $0.29e, R$17.1M v $17Me- CEO: Looking ahead, we believe we have the products, customers and leading market position to continue to grow our business in 2011 and beyond. In the short term, we expect to see a single-digit decline in revenues in the first quarter of 2011 compared to the first quarter of 2010, as we see inventory adjustments from several customers. We believe that growth will resume in the second quarter of 2011, and increase significantly in the second half of 2011 when the NP-3 based systems continue to ramp and the NP-4 based systems enter production."
[08:58] {RonS{} gm all...SQNM...16.5 mil sh short, up on Down's pub
[08:58] {Threei{}  Ron :)
[08:59] {dino{} gm all
[08:59] {_YEW1118{} gm
[08:59] {Threei{}  dino, yew :)
[09:13] {ScottM{} Good morning!
[09:14] {Threei{}  scott :)
[09:15] {magoo{} vad keep one eye on akam, and im thinking short
[09:15] {magoo{} ezch
[09:15] {magoo{} ezch
[09:16] {magoo{} dammit
[09:16] {magoo{} wrong windoew
[09:16] {Threei{}  I will but do remember how incredibly treacherous AKAM can be even on normal days
[09:17] {Threei{}  and today its colatility is going to be triple of that
[09:17] {magoo{} big risk...big reward
[09:17] {magoo{} just get direction right
[09:18] {magoo{} thats what we pay u for :)
[09:18] {magoo{} right nemo?
[09:18] {Threei{}  I know this is what you went for but I still can't help myself:
06[09:18] * Threei slaps magoo around a bit with a large trout
[09:21] {nemo{} looks like about one glass left in the bottle, should I finish it?
[09:22] {Threei{}  I don't understand how it could have left in there,
[09:22] {Threei{}  and even less do I understand why this question even arises in your mind
[09:23] {nemo{} bottle is sitting on the desk
[09:24] {nemo{} dad showed up
[09:25] {dino{} cool
[09:29] {nemo{} slw might be a short
[09:30] {jfjf64{} mornin
[09:30] {Threei{}  jf :)
[09:31] {nemo{} wow akam
[09:31] {nemo{} you in Mags?
[09:31] {Threei{}  one more leg down and bounce
[09:31] {jfjf64{} ?
[09:31] {magoo{} no. and was thinking short dollar higher
[09:32] {nemo{} yeah I was wathcing 42 area
[09:32] {Threei{}  about 40.30 I think
[09:32] {dino{} eqix wants up
[09:33] {Threei{} Short Setup: SLW  .90 break
[09:33] {Threei{}  if stays under 34
[09:33] {dino{} sm l .70
[09:34] {nemo{} doji .01
[09:34] {nemo{} .04 offer
[09:34] {nemo{} .95 break?
[09:34] {Threei{}  34 even
[09:34] {Threei{}  if stays under .05
[09:35] {ese{} gm
[09:35] {Threei{}  ese :)
[09:36] {Threei{} Short Setup: SLW  34 break
[09:36] {Threei{}  if stays under 34.05
[09:36] {Threei{}  uhhu
[09:36] {nemo{} hahahah
[09:36] {nemo{} market rallying
[09:37] {nemo{} slw yesterday's low
[09:37] {dino{} out eqix .82, +2.12
[09:37] {nemo{} go home dino
[09:38] {Threei{}  lol
[09:38] {Threei{}  wtg
[09:38] {ScottM{} wow!
[09:38] {dino{} lol, ty
[09:38] {nemo{} Lucky right?
[09:39] {dino{} a bit
[09:39] {dino{} still going up
[09:40] {Threei{} Short Setup: X  .30 break half lot
[09:41] {Threei{}  if stays under .40
[09:42] {Threei{} Short Setup: SLW  .20 break
[09:42] {Threei{}  if stays under .30
[09:44] {Threei{}  target is about 33.90 if works
[09:44] {Threei{}  1:1
[09:45] {Threei{}  stop to .25
[09:46] {Threei{}  .21 now
[09:47] {jfjf64{} comon  34..00
[09:47] {jfjf64{} yeahhhhhhhhhhh
[09:47] {Threei{}  target hit
[09:47] {jfjf64{} nice
[09:47] {Threei{}  in one big swoop
[09:47] {Threei{}  nice rug pull
[09:48] {ScottM{} beautiful Vad... missed it, but was pretty to watch
[09:48] {Threei{}  it gave ample chance for entry...
[09:48] {Threei{}  and don't call me beautiful
[09:48] {ScottM{} I know
[09:48] {Threei{}  look at X
[09:49] {Threei{}  should have simply move new entry to the next level, .40
[09:49] {Threei{}  got distracted by SLW
[09:49] {Threei{}  SLW at bounce point
[09:49] {Threei{}  .85 break
[09:49] {nemo{} x fcx tck iwm spy all coughing up the furball
[09:49] {Threei{}  if holding .80
[09:50] {Threei{}  5 cents ranges from here
[09:50] {Threei{}  .80 break if holding .75
[09:50] {Threei{}  etc
[09:50] {nemo{} spy gonna close gap
[09:50] {dino{} yes
[09:51] {dino{} i have 1210 and then 1286
[09:51] {dino{} 1310 i mean
[09:51] {nemo{} wow
[09:51] {dino{} vocs luv
[09:52] {jfjf64{} in .76
[09:52] {nemo{} I've got 1308
[09:52] {Threei{}  me too
[09:52] {jfjf64{} holddddddddddddddddd
[09:52] {Threei{}  nope
[09:52] {Threei{}  out
[09:53] {jfjf64{} tight  stop
[09:53] {jfjf64{} all day
[09:56] {Threei{} Long Setup:  X  .90 break if holding .80
[09:56] {nemo{} that was quick
[09:56] {Threei{}  yeah
[09:56] {Threei{}  1:1 but...
[09:56] {dino{} aeis l .00
[09:56] {nemo{} without me
[10:02] {Threei{}  IMF head Strauss Kahn: Must reform the worldwide monetary system in order to help the recovery and help prevent crises in the future
[10:02] {Threei{}  yes... I suggest seashells
[10:03] {dino{} idiots
[10:03] {Threei{}  reading next comment, I think you just insulted all the idiots
[10:03] {Threei{}  - Adding emerging market currencies (including the Chinese Yuan) to the SDRs would be of assistance; yet there could be technical challenges associated with adding the Yuan
[10:04] {Threei{}  why on earth would one to do that
[10:04] {dino{} motr sm l .35
[10:05] {RonS{} technical challenges = new words for communists?
[10:05] {Threei{}  lol
[10:05] {dino{} don't worry, usa will not go along and give up its currency
[10:06] {dino{} you are doomed once that happens, just ask euro members
[10:06] {Threei{}  well, imbeciles when faced with consequences of a bad decision, push for more of the same
[10:06] {Threei{}  like traders averaging down on a bad trade
[10:07] {Threei{} Short Setup: X  .35 break
[10:08] {Threei{}  if stays under .45 for scalpers
[10:08] {Threei{}  .50 day traders
[10:08] {Threei{}  yeah right
[10:08] {nemo{} .54 pivot
[10:08] {nemo{} I've got resistance at .55 also
[10:08] {Threei{}  I reiterate: yeah right
[10:09] {RonS{} intc
[10:09] {Threei{} Short Setup: SLW  34 break
[10:09] {dino{} vocs sm l ave .15
[10:09] {Threei{}  if stays under .10
[10:10] {magoo{} .10 stop?
[10:10] {Threei{}  just above
[10:11] {nemo{} in .04
[10:13] {Threei{}  taregt is about .65 - .70 if works
[10:15] {dino{} markets want green
[10:15] {dino{} .07 all green
[10:15] {Threei{}  yeah
[10:16] {dino{} buy the dips
[10:17] {Threei{}  SLW puts up great fight defending .10... 4 tests
[10:19] {ScottM{} Ascending tri. on tech Vad?
[10:19] {Threei{}  (EG) Egypt PM Ahmed Shafiq: Mubarak may soon step down; situation will soon be clarified
[10:19] {Threei{}  way too thin
[10:19] {Threei{}  not touching that
[10:19] {ScottM{} k
[10:19] {nemo{} out slw
[10:20] {Threei{}  now, why would you do that
[10:20] {Threei{}  5 tests of resistance in the face of spiking market, successfully held
[10:22] {Threei{}  1:1
[10:23] {Threei{}  - A separate report says Mubarak may transfer power to the Army Chief.
[10:23] {nemo{} fcx short?
[10:24] {Threei{} Short Setup: X  .50 break
[10:24] {Threei{}  GCX, not sure
[10:24] {nemo{} FCX
[10:24] {Threei{}  yes
[10:24] {Threei{}  don't see setup
[10:24] {davd{} mubarik stepping down
[10:24] {nemo{} double top
[10:24] {Threei{}  look above davd
[10:25] {Threei{}  X 1:1
[10:25] {davd{} hes stepping down again?
[10:25] {nemo{} fcx too, missed both
[10:25] {Threei{}  lol, yes
[10:25] {ese{} just looking at your eqix trade dino.....nice one
[10:26] {Threei{}  wow ese, you need to change ISP...
[10:26] {ese{} that sure moved off $2 off opening
[10:26] {Threei{}  it's worse than dino's dial-up and 14.4 modem
[10:26] {ese{} huh
[10:26] {dino{} rvbd
[10:26] {dino{} lol
[10:26] {nemo{} yeah, was just about to type that dino
[10:27] {ese{} ohhhhhh i get it
[10:27] {dino{} grm spike
[10:27] {ese{} ha ha ha ha
[10:28] {ese{} been on the phone to Denmark
[10:28] {dino{} aeis to .12
[10:29] {ese{} am periodically paying attention here
[10:31] {dino{} motr to .65
[10:31] {dino{} out aeis .14, +.14
[10:33] {ese{} L rig .40
[10:33] {dino{} out motr .70, +.35
[10:34] {ese{} holy smokin dino ...good one
[10:35] {Threei{}  SLW 1:2
[10:37] {ese{} out rig .50 +.10
[10:37] {ScottM{} NTAP ascending triangle for continuation of uptrend?
[10:37] {Threei{}  (PO) Portugal PM Socrates: greater EU economic coordination will help defend the euro
[10:37] {ese{} take it while i've got it
[10:37] {nemo{} well yesterday market retraced to morning high, and then dropped
[10:37] {Threei{}  told you that are doubling down
[10:38] {Threei{}  not sure I like it scott
[10:38] {ScottM{} k
[10:38] {Threei{}  that = they
[10:40] {dino{} thx es
[10:41] {ScottM{} Vad, if time, what tipped you off that NTAP was not good idea?
[10:41] {Threei{}  honestly?
[10:41] {Threei{}  no idea
[10:41] {Threei{}  something didn't look right
[10:42] {Threei{}  can't put a finger on it
[10:42] {ScottM{} intuitive... froms years of experience?
[10:42] {RonS{} dang mags, ezch was the play of the day...
[10:42] {Threei{}  I guess...
[10:43] {dino{} ipgp
[10:43] {nemo{} X short here?
[10:43] {Threei{}  no
[10:44] {Threei{}  both X and SLW,
[10:44] {Threei{}  start looking like longs
[10:44] {Threei{}  a little more consolidation, and if market goes to restest the high, this time around they should break out and run
[10:45] {Threei{} Long Setup:  SLW  .10 break
[10:45] {ese{} those 2 volume spikes at 10:16 and 10:26 Scott suggests the upward price move was being sold into
[10:45] {ese{} was bound to pause and turn around
[10:46] {Threei{}  stop is obvious
[10:46] {nemo{} .95 or so
[10:46] {Threei{}  yeah
[10:47] {dino{} ipgp +13
[10:47] {nemo{} photonics play
[10:47] {ese{} Scott have you read vads book techniques of tape reading....it talks about volume spikes both up and dn signalling short term reversals
[10:48] {ScottM{} yes, but could use a reread.
[10:48] {Threei{}  reminds me... I was planning to read that
[10:48] {ScottM{} lol
[10:48] {ese{} lol
[10:49] {ese{} against the crowd thinking.......works alot
06[10:49] * Threei kicks SLW in the rear
[10:49] {nemo{} cree long if it holds .97 and breaks .08?
06[10:49] * Threei kicks SLW in the rear with steel toe heavy duty army boots
[10:50] {nemo{} nevermind
06[10:50] * Threei pokes SLW with sharp stick
[10:51] {Threei{}  1:1
[10:52] {Threei{}  violence works
[10:52] {magoo{} out .24 nice poke
[10:52] {RonS{} slw .08 to .225 thxs 3i
[10:52] {Threei{}  :)
[10:52] {dino{} gj
[10:54] {nemo{} long X here at trendline?
[10:54] {Threei{}  no
[10:54] {Threei{}  it looks jellyfishy to me
[10:55] {Threei{}  1:2
[10:55] {RonS{} IMAX Signs Multi-Theatre Deal In China       02/10 08:50 AM
[10:55] {nemo{} why did you think SLW was a long?
[10:56] {Threei{}  think? you are flattering me
[10:56] {Threei{}  1:3
[10:56] {ese{} L teva .20
[10:56] {Threei{}  out
[10:56] {nemo{} lack of a better word
[10:56] {RonS{} install four new digital IMAX(R) theatre systems in the People's Republic of China
[10:56] {Threei{}  well, after so many retests of .10, it turned into a dam
[10:57] {Threei{}  now, I invite you to read the Taoist Trader course
[10:57] {Threei{}  describing what happens when the water breaks the dam
[10:57] {nemo{} because volume gave no indication
[10:57] {Threei{}  actually it did
[10:58] {Threei{}  zzoom in on the 34 - 34.10 range when I made the call,
[10:58] {Threei{}  look at configuration
[10:58] {Threei{}  see how volume drops on red bars and rises on green?
[10:58] {nemo{} doji tops at .13
[10:59] {RonS{} translation for nemo:  what happens when you load in the shorts?...after a while the S#$t hits the fan
[10:59] {Threei{}  well, after .10 got broken trade stopped being a matter of reading and became a matter of management
[11:00] {Threei{}  what's wrong with this world?
[11:00] {nemo{} what now
[11:00] {Threei{}  nemo didn't even slap me when I suhggested he read Taoist Trader course
[11:00] {nemo{} Don't worry, saving it up for next time I see you in person
[11:00] {Threei{}  hmmm
[11:01] {Threei{}  why do I feel sudden urge to stay online
[11:01] {ese{} out teva .21 +.01 no go here
[11:01] {Threei{}  IMAX is quite subdued for such news
[11:01] {RonS{} gj ese...that big vol reversal event was the tell
[11:02] {Threei{}  one would think getting business in China deserved more than this lukeqwarm reception
[11:02] {RonS{} i thought nemo edited that Tao book...
[11:02] {Threei{}  that's why my suggestion Ron...
[11:02] {RonS{} ohhh...lol
[11:03] {Threei{}  then again,
[11:03] {Threei{}  my texts require so many corrections in A and THE department, it would be unfair to expect one gets actual meaning of the text as well
[11:04] {Threei{}  I dunno why you guys need that crap... meaningless articles not adding anything and introducing a lot of confusion for us poor foreigners
[11:04] {Threei{}  I am very tempted to start sprinkling them around in a random fashion
[11:05] {RonS{} i give up, what are you talking about?
[11:06] {RonS{} bg selloff on great earnings...
[11:06] {ese{} L fcx .59
[11:06] {Threei{}  about articles A ad THE
[11:07] {ese{} sm
[11:07] {dino{} sm s ipgp .75wide
[11:09] {dino{} ipgp bstop is .01
[11:15] {ese{} hmmmmm   got cut off again
[11:18] {Threei{}  lol
[11:18] {Threei{}  Who said people can't FLY? They can't LAND!
[11:18] {dino{} ipgp stopped -.25
[11:22] {RonS{} Taoist principle 3i?
[11:22] {nemo{} which one Ron?
[11:23] {Threei{}  lol
[11:23] {nemo{} akam just trolling the bottom
[11:23] {Threei{}  another one, my favorite:
[11:23] {Threei{}  - darling, you remember that today is our 25th anniversary?
[11:24] {Threei{}  - yes... so?
[11:24] {nemo{} hehehehe
[11:24] {Threei{}  - maybe let's kill one of the piglets?
[11:24] {Threei{}  - why?? How is it his fault??
[11:25] {RonS{} ese, still in fcx?
[11:25] {ese{} yup
[11:25] {Threei{}  sigh... I'll go home
[11:25] {RonS{} nice
[11:26] {ese{} out fcx .95
[11:26] {ese{} +.26
[11:27] {nemo{} it's going to .32
[11:27] {RonS{} gold is climbing w/ fute vol at 250% of ave
[11:28] {dino{} mcy sm l .67
[11:28] {nemo{} wow ebay
[11:30] {RonS{} EBay CEO: PayPal bigger than eBay in 3-5 years       02/10 09:28 AM
[11:30] {RonS{} EBay CEO: We're Targeting Online And Offline Merchants       02/10 09:25 AM
[11:30] {RonS{} EBay CEO: We Are Focused On Commerce, Not Just Ecommerce       02/10 09:22 AM
[11:31] {RonS{} EBay CEO: 'Turning the corner' with Marketplace       02/10 09:28 AM
[11:31] {nemo{} there goes fcx
[11:34] {RonS{} see a HOG long 3i?
[11:34] {Threei{} Short Setup: RIMM  .90 break half lot
[11:35] {Threei{}  with one more slight pullback and holding .90, and better yet - .95, yes
[11:35] {nemo{} ?
[11:36] {Threei{}  ?
[11:36] {RonS{} HOG nemo...
[11:39] {nemo{} Just saw a great quote:
[11:40] {nemo{} Portland is a city where young people go to retire
[11:40] {RonS{} ...from yhe cabl series Portandia
[11:40] {RonS{} the cable
[11:40] {nemo{} too funny...retire...I'll be working until they cremate me
[11:40] {RonS{} ...daughter told me about it...never seen it
[11:41] {nemo{} spy breaks this level new high time
[11:41] {nemo{} wow look at ebay since I mentioned it
[11:43] {ese{} I think you called the mrkt action there nemo......looks like same scenario as yesterday
[11:44] {nemo{} POMO still going strong plenty more to come in on demand side
[11:44] {RonS{} quote of the day:  Fed has decreed that all market correction has to be intraday
[11:45] {ese{} hmmmmmm
[11:45] {RonS{} scam of the day:  This year, July has 5 Fridays, 5 Saturdays and 5 Sundays. This happens once every 823 years. This is called money bags. So, forward this to your friends and money will arrive within 4 days. Based on Chinese Feng Shui.
[11:46] {nemo{} Has nothing to do with Feng Shui, IChing maybe
[11:47] {RonS{} ...then scratch it...
[11:47] {nemo{} Feng Shui is art of placement of objects, numerology is within Iching
[11:48] {RonS{} Charlie Chan is art of movie mystery
[11:49] {nemo{} dickhead
[11:49] {nemo{} sorry janitor
[11:49] {nemo{} remember I had to go meet with my nephew's 3rd grade teacher, he called some kid a dickhead
[11:49] {RonS{} true story:  when Rupert Murdoch owned DirecTV, his Chinese wif had to come in to feng shui all of the senior execs offices...
[11:49] {RonS{} wife
[11:50] {nemo{} very widespread practice in China and Taiwan
[11:51] {nemo{} akam might be getting ready
[11:51] {nemo{} big volume just came in, if it cant hold it above 40
[11:54] {nemo{} bids .00
[11:55] {dino{} jnpr
[11:55] {nemo{} wow
[11:56] {RonS{} akam 440k sh in 1 min
[11:56] {RonS{} 400
[11:56] {nemo{} yeah wow,
[11:56] {nemo{} dramamine please
[11:56] {RonS{} damn ese...has too much power...
[11:57] {RonS{} :D
[11:57] {Threei{}  lol
[11:57] {nemo{} frickin' musicians
[11:58] {nemo{} that was a shortsqueeze...must have been a ton of people selling this side of 40 and then got whacked
[11:58] {nemo{} pass the vaseline
[11:58] {RonS{} this rinse looks like a douche
[11:58] {nemo{} HCL douche, ow
[12:00] {nemo{} see fcx ese, just about to pivot and you have that swing high from yesterday
[12:01] {RonS{} 3i, CCJ i show reports tomorrow ah.  Check two day...see a break point for more up?
[12:02] {Threei{}  .70?
[12:02] {Threei{}  sure
[12:04] {RonS{} k
[12:05] {magoo{} ebay nuts
[12:06] {magoo{} wonder if it will hit its "reserve" price/
[12:07] {RonS{} EBay CEO casts company as center of innovation       02/10 10:06 AM
[12:07] {RonS{} Sees PayPal revenue of $6-7 Billion by 2013
[12:07] {RonS{} "We're at an inflection point where tech-driven innovation is broadly shaping e-commerce and shifting consumer behavior. This shift is creating new global opportunities for our company," he said. "We are driving the next generation of e-commerce."
[12:08] {RonS{} The majority of eBay's  online buyers now make fixed-price purchases
[12:08] {nemo{} Yeah, and some really heavy sunspot activity will shut down e-commerce
[12:08] {RonS{} "We are starting to play offense at this company," said Donahoe.
[12:09] {dino{} qpsa sm l .33
[12:16] {RonS{} ditoo, sm l .3877
[12:17] {RonS{} ditto
[12:17] {dino{} tbi?
[12:17] {RonS{} ?
[12:17] {dino{} -2
[12:20] {Threei{}  reported yesterday
[12:20] {Threei{}  missed Q4
[12:26] {RonS{} After scoring a DirecTV Group Inc. (NYSE: DTV) carriage deal, Sony, Discovery and IMAX reportedly will launch its new new 24-hour 3-D channel, 3net, this Sunday. (See Discovery Prez: New 3D Net Will Need 6MHz .)
[12:30] {RonS{} GME
[12:44] {Threei{}  kingdom of boredom afer morning rush
[12:49] {dino{} sgg drop
[12:54] {dino{} out qpsa .85, +.50
[12:55] {dino{} .52
[12:55] {RonS{} out qpsa .68 +.2923
[12:55] {dino{} gj
[13:08] {ScottM{} Vad, overly big volume bar on breakout of RIMM...signal likely pattern failure?
[13:09] {Threei{}  I don't think it tells us much
[13:09] {ScottM{} ok
[13:09] {Threei{}  not very indidcative one way or another
[13:10] {Threei{}  imagine it in combination with big price move, it would be much more telling
[13:10] {Threei{}  as it is, it could be anything
[13:10] {Threei{}  for instance transfer of shares between two big players
[13:10] {Threei{}  one wanted a big chunk,
[13:10] {Threei{}  another had it and was happy to find a buyer
[13:10] {ScottM{} thks
[13:11] {Threei{}  who knows which of them is right as far as further direction goes,
[13:11] {Threei{}  but as influence on the movement right now, it's neutral
[13:15] {kschun{} market looking short to me
[13:15] {kschun{} vad?
[13:15] {Threei{}  ?
[13:15] {dino{} ?
[13:16] {RonS{} ?
[13:16] {nemo{} !@
[13:16] {nemo{} seems to be basically in a channel support at .85
[13:17] {nemo{} vwap .88
[13:18] {Threei{}  rather feels like ramp up to me
[13:18] {nemo{} bull flag
[13:19] {RonS{} axl take over chatter
[13:25] {kschun{} shorted some QQQQ, stop at .06
[13:25] {kschun{} just feeling market is too high. internals all negative and also negative momentum in internals
[13:25] {dino{} feels up  to me
[13:25] {Threei{}  to me too
[13:25] {kschun{} however, trade against the trend. not giving too much space
[13:26] {RonS{} Jesse Livermore:  "Stocks are never too high to buy, nor too cheap to sell".
[13:26] {nemo{} that can also be a rationlization
[13:27] {dino{} sm l hni .13
[13:27] {nemo{} so far sneeze is right
[13:28] {Threei{}  yup
[13:28] {nemo{} great another rorschach stock
[13:28] {kschun{} all I wanted to see
[13:29] {dino{} jesse's best, imo; "a loss never bothers me after i take it, not taking it damages the soul."
[13:29] {kschun{} it is funny. I am categorizing my trade in different categories. this one are those with the highest hit ratios and best r to r.
[13:29] {nemo{} what if you don't have a soul?
[13:29] {dino{} he also said wallet
[13:29] {kschun{} If I would take only those trades I could stop work in the morning :-) :-(
[13:30] {magoo{} wonder how jesse would adapt or "take" to this modern market tho
[13:31] {dino{} with a bullet
[13:31] {magoo{} is that what he used/
[13:31] {dino{} yes
[13:31] {RonS{} the guy was the penultimate tape reader...bet he would do just fine...
[13:31] {kschun{} LOL
[13:31] {kschun{} for sure he would do just fine!
[13:31] {RonS{} plus he made half his money in commodities
[13:32] {nemo{} why do you choose to call him "penultimate"  who was the ultimate?
[13:32] {RonS{} ...the guy who never had a book written about him
[13:32] {dino{} lol
[13:32] {RonS{} ...so there was no pen...
[13:32] {nemo{} nice save-your-ass answer
[13:33] {nemo{} and what is the word for "no man" in Greek?
[13:33] {RonS{} hey, i'm no Les
[13:33] {kschun{} the best guys out there newer wrote a book... unfortunately...
[13:33] {RonS{} woman?
[13:33] {kschun{} instead maybe of Mr. Bacon :-)
[13:35] {dino{} hni stopped -.23
[13:35] {Threei{}  guess who is on TV
[13:35] {kschun{} who?
[13:36] {nemo{} jessica biel?
[13:36] {ScottM{} scarlet johansen?
[13:36] {kschun{} halle berry?
[13:36] {RonS{} The bernank crowing how he toppled Mubarak?
[13:37] {dino{} dagny taggart?
[13:38] {ScottM{} x breakdown?
[13:40] {nemo{} oh fur crissakes dino...could you pick a real person
[13:42] {dino{} sure, how about brooklyn decker?
[13:42] {RonS{} appl puke
[13:42] {nemo{} much better
[13:43] {nemo{} now do we get spy bounce at vwap?
[13:43] {RonS{} kschun, still short?
[13:43] {kschun{} no out.
[13:43] {kschun{} at 1:2
[13:43] {RonS{} appl dropping like rock
[13:43] {dino{} gjk
[13:44] {nemo{} bounce at vwap, and....
[13:44] {kschun{} jnpr could drop too
[13:44] {kschun{} but don't like this kind of trades, not gona take it
[13:45] {RonS{} wow, bounced $3 in 10 seconds
[13:45] {kschun{} vad: which stocks you are looking at the moment?
[13:45] {Threei{}  none
[13:45] {Threei{}  waiting out
[13:45] {kschun{} ?
[13:45] {RonS{} $5 in 20 seconds
[13:45] {nemo{} er wartet doch
[13:45] {kschun{} ah o.k.
[13:46] {davd{} aapl big moves
[13:46] {kschun{} thanks nemo :-)
[13:46] {nemo{} kp
[13:46] {kschun{} once you wanna visit switerzland - be my guest
[13:46] {kschun{} no joke :-)
[13:46] {nemo{} hab schon
[13:46] {kschun{} ah thought so - where have you been?
[13:48] {nemo{} Zermatt, some other ski area where if I remember correctly, France, Italy and Switzerland meet (I was very drunk at the time)  Jungrau, Matterhorn then of course Lucerne and Zurich
[13:48] {kschun{} msi short?
[13:49] {nemo{} So long, I probably left out some place
[13:49] {nemo{} oh yeah, some place over by St. Moritz, but can't remember the name
[13:53] {kschun{} MSI seller at .41. guy showing 2 hundred and absorbing much more.
[13:54] {kschun{} @ nemo: great, you choose the right places :-)
[13:55] {nemo{} skiing was my vocation back then
[13:56] {nemo{} We were loony tunes...we'd go the places the ski patrol didn't, they wouldn't find you until the snow melted
[13:56] {nemo{} Now....thinking about it hurts
[13:57] {kschun{} :-) the good old times :-)
[13:58] {nemo{} yeah...jaeger tee on the mountain was always an issue
[13:59] {kschun{} Vad: could you just a little explain why you don't trade right know? how you make the decision not to trade respectively to wait? your thouthgs are always itneresting :-)
[14:00] {nemo{} he thinks you're thinking too
[14:00] {kschun{} :-)
[14:01] {kschun{} sorry for my stupid questions... :-)
[14:01] {Threei{}  just a sec kschun
[14:01] {kschun{} I really have to stop those :-) - all over the chat ... :-)
[14:01] {kschun{} no prob, take your time
[14:04] {Threei{}  I see no pronounced patterns kschun
[14:04] {Threei{}  not much happens during ,unch time,
[14:04] {Threei{}  so I want a serious reason for a trade during this time, and I don't see strng setups
[14:05] {kschun{} o.k. thansk
[14:15] {dino{} mcy stopped .77, +.10
[14:34] {dino{}      .
[14:41] {magoo{} i bet the dow  close green for 9 in a row today
[14:43] {Threei{}  nope
[14:43] {Threei{}  or I will eat larisa's keyboard
[14:43] {kschun{} going for a bounce in NOK
[14:43] {RonS{} is it chocolate?
[14:44] {Threei{}  knowing larisa, I strongly suspect that's the case
[14:44] {kschun{} you know vad only eats bacon :-)
[14:44] {Threei{}  hey, wrap a chocolate in bacon, I will go for it
[14:44] {nemo{} kiss ass
[14:45] {Threei{}  broccoli is the only thing I won't eat, even wrapped in bacon
[14:45] {nemo{} actually, right after the close yesterday spy put in a new yearly high
[14:50] {magoo{} the mkt manipulators want that unbelievable 9 straight
[14:52] {dino{} vad, start w/melted cheese over broccoli and bacon, then work your way up
[14:53] {Threei{}  I refuse to do that for ideological reasons dino
[14:53] {Threei{}  broccoli is evil
[14:53] {kschun{} LOL LOL
[14:53] {dino{} well, evil spelled backwards is live
[14:57] {Threei{}  watching LVS for bounce scalp
[14:58] {dino{} asys odd, gopd report, raised guid. and drops hard
[14:59] {dino{} ipgp hod area
[15:00] {RonS{} may be this dino...AmTech Systems Files $60M Mixed-Securities Shelf Registration       02/08 02:22 PM
[15:01] {dino{} thx ron, missed that
[15:02] {davd{} might not step down
[15:02] {Threei{}  but still might do
[15:02] {davd{} yes, he may either step down or not step down.
[15:02] {RonS{} might do the 2 step
[15:03] {dino{} and then again, he may not
[15:03] {Threei{}  or he might do but not today
[15:03] {Threei{}  or what dino said
[15:03] {Threei{}  head's spinning qwith all the possibilities
[15:04] {Threei{}  give a briccoli to him someone, and get it over with
[15:04] {RonS{} Sinatra response from me:  do be do be doooo...
[15:04] {davd{} yes, i don't want tomatoes
[15:05] {dino{} yes we have no banannas
[15:08] {kschun{} brcm apporoaching .50
[15:09] {RonS{} so is csco
[15:10] {kschun{} must stop there and conoslidate. must hold a while and best would be little consol. after trying to short it.
[15:11] {kschun{} funny. qqqq relatively "strong" but tech with cons. stapl.worst sectors today
[15:15] {dino{} csco is like intl, msft anymore. the three horsemen don't matter too much
[15:17] {Threei{}  Upcoming White House analysis on GSEs to recommend a variety of solutions - financial press- Could include suggestions for the Govt to guarantee mortgages but private investors would take a loss first; Govt would provide guarantees in event of crisis only - May suggest the FHA remain aas the only provider for guaranteed mortgage - Suggests Fannie and Freddie ultimately be wound down - Reminder: The formal White Paper is due tommorow
[15:17] {kschun{} just dont trade this stocks. years ago there were great, now they are bot-stocks...
[15:17] {kschun{} leave them to the games...
[15:18] {kschun{} shit missed mmi...
[15:19] {kschun{} MMI
[15:19] {RonS{} rimm launch
[15:20] {Threei{}  RIMM had news
[15:20] {RonS{} what?
[15:20] {Threei{}  Research in Motion Ltd Playbook operating software could use Android applications, yet RIMM's own internal operating system- Software expected to be completed in the 2H of 2011
[15:21] {kschun{} oh boy... sick volume in it
[15:21] {RonS{} seems like I have heard that before...
[15:21] {Threei{}  {volume{} why... I feel healthy
[15:22] {dino{} cough, cough
[15:24] {RonS{} doctor giving exam dino?
[15:25] {RonS{} rimm cooking a relentless squeeze
[15:26] {nemo{} 66.50
[15:28] {RonS{} ah, did not notice Playbook...that is news
[15:29] {Threei{}  davd... Blitzer just made a comment you would be proud of: people at that swuare in Cairo will be either very happy or very angry
[15:30] {RonS{} he's a real intellectual...
[15:30] {RonS{} wow, fat finger rimm short covering...
[15:34] {Threei{}  serious momo
[15:34] {RonS{} bear roast
[15:40] {dino{} back in ten
[15:45] {kschun{} o.k. guys, I am out. great eve to you! thanks all!
[15:46] {Threei{}  take care ksch
[15:46] {Threei{}  mubarak is on
[15:49] {davd{} wont run for next...
[15:50] {davd{} sounds like staying
[15:50] {Threei{}  yeah, he drwas it out
[15:50] {Threei{}  too long
[15:51] {Threei{}  yes
[15:51] {Threei{}  *(EG) EGYPT PRES MUBARAK: WILL STAY UNTIL FREE ELECTIONS SCHEDULED FOR SEPTEMBER
[15:51] {Threei{}  I don't think they'll take it easy
[15:52] {RonS{} look at ment
[15:53] {Threei{}  evaluates offers
[15:53] {Threei{}  hired advisor
[15:55] {RonS{} options say $17 move in cmg tonight
[15:59] {Threei{}  ok guys
[15:59] {ScottM{} night all
[15:59] {Threei{}  strange day somewhat
[15:59] {Threei{}  but profitable
[15:59] {Threei{}  thank you all, see you tomorrow
[15:59] {dino{} out vocs .18, +.03
[16:00] {larisa{} bye :)

Wednesday, February 9, 2011

Feb 09 2011

Don't Kid the Kidder.


The running commentary in the room is the best explanation of this play, as it happened real time. I'll quote it in full.


[10:04] {ScottM} Thinking if X breaks .10 could go for big ride down.
[10:05] {Threei} Scott, I'd be looking for aggressive entry
[10:06] {Threei} breakdowns in this market are questionable - while elevator does go down, snapbacks are fast anf furious, and tend tio rinse you out
10:10] {Threei} Short Setup: X .30 break
[10:10] {Threei} if stays under .40
[10:12] {larisa} so X broke downtrend it had since 59, pulling back to support at .20 and you short at .30 with potential of what? scalp ?
[10:12] {larisa} just curious what you see
[10:12] {Threei} no, I want more out of it
[10:12] {Threei} idea is different a bit here
[10:13] {larisa} you think it will retest?
[10:13] {larisa} lows I mean
[10:13] {Threei} red while market is strong, drops while market climbs,
[10:13] {Threei} bounces rather viciously,
[10:13] {Threei} so I don't want to take breakdown and get rinsed,
[10:14] {Threei} but when it bounces, I want to get some more or less decent formation to short wirth bearable stop.
[10:14] {Threei} jump into .40 formed kind of double top,
[10:14] {Threei} not very clean, but still,
[10:15] {larisa} I see
[10:15] {Threei} little mini-range between .30 and .40 gave me a trigger and stop
[10:15] {Threei} look at the volume too
[10:15] {Threei} not rising on that bounce
[10:16] {Threei} as for downtrend break on 1 min, yes but this is exactly the nature of this beast - this is how it rinses
[10:16] {Threei} so I am just trying to rinse the rinsers
[10:16] {Threei} so far it works
[10:17] {Threei} and deep in my soul there is a strong suspicion,
[10:17] {Threei} not only it's going to retest the low,
[10:17] {Threei} it wants to make new one
[10:18] {Threei} whether it rinses our balance in the process is another matter :)
[10:18] {Threei} my stop is .35
[10:18] {Threei} volume again drops as it bounces
[10:19] {Threei} see this precision? touched .31, just enough to shake out those who keeps it too literal
[10:20] {Threei} 1:2
[10:20] {Threei} I name this play "don't kid the kidder"
[10:21] {jfjf64} ahh the old DKTK play
[10:21] {Threei} rofl
.......


[10:57] {Threei} fiinally
[10:57] {Threei} new low
[10:57] {Threei} 1:3
[10:59] {Threei} 1:4
[11:05] {Threei} 1:5
[11:07] {Threei} all this beautiy for lousy 10 cents risk


Needless to say, X proceeded to 1:11(!) as I write this - such is power of aggressive entries (http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html)




Session Time: Wed Feb 09 00:00:00 2011
[08:07] {magoo} mornink comrades
[08:31] {Threei}  morning
[08:34] {magoo} hey vad
[08:35] {magoo} in past 20 years the dow has only 10 times had 8 session winning streaks, not alot....but here we are
[09:03] {Threei}  folks, a little favor pls
[09:03] {Threei}  http://www.realitytrader.com/victoria.html
[09:03] {Threei}  do you see an image of the book cover with red word "preview" showing?
[09:04] {Threei}  I see it when using Chrome, but not via IE
[09:04] {Threei}  weird
[09:05] {magoo} no image here vad
[09:06] {Threei}  red x instead?
[09:06] {RonS} none w/ me...yep red x
[09:06] {Threei}  which browser?
[09:06] {RonS} IE
[09:06] {Threei}  ty
[09:06] {magoo} yes
[09:07] {magoo} IE
[09:07] {Threei}  if anyone has firefox, look through it pls
[09:11] {larisa} gm :)
[09:11] {Threei}  larisa :)
[09:11] {larisa} :)
[09:17] {ScottM} Good morning everyone!
[09:17] {Threei}  scott :)
[09:22] {RonS} PLAB 4.1 mil sh short
[09:24] {magoo} vad,  keep smsi on radar..watch SMSI for bounce
[09:24] {_yew1118} gm guys ready to mke money
[09:25] {Threei}  morning yew
[09:26] {Threei}  we are always ready to make money... it's money that is not always ready to be made
[09:26] {Threei}  TiVo Inc Ticks lower on financial press report that Echostar gets ruling that reopens patent case against Tivo
[09:31] {Threei} Short Setup: LVS  .30 break
[09:31] {Threei}  if stays under .40
[09:31] {Threei}  invalidated
[09:32] {Threei}  .short smsi .10 break
[09:32] {Threei}  half lot
[09:32] {Threei}  stop above .20
[09:33] {magoo} missed it
[09:33] {Threei}  1:1
[09:33] {magoo} jesus, it my  spot
[09:33] {Threei}  was obtainable... where have you been
[09:34] {ese} gm
[09:34] {Threei}  ese :)
[09:34] {magoo} i dunno anymore
[09:35] {magoo} take look at SWIR
[09:35] {Threei}  quite a miss on earnings and guidance
[09:36] {dino} gm
[09:36] {Threei}  LVS pullback
[09:36] {Threei}  looking for long
[09:37] {Threei} Long Setup:  LVS  .50 break
[09:37] {Threei}  cancel that
[09:38] {dino} wow, lots of blood, motr, smsi, swir, rurl, micc, csc
[09:38] {Threei}  yeah
[09:38] {magoo} MOTR too dino
[09:38] {Threei} Long Setup:  LVS  .40 break
[09:38] {Threei}  ugh, late
[09:38] {Threei}  no chasing
[09:38] {Threei}  let it come back to you
[09:39] {Threei}  if we missed so be it
[09:39] {dino} csc gap fill dec
[09:41] {Threei} Long Setup:  RIMM  .05 break
[09:41] {Threei}  half lot
[09:41] {Threei}  stop under .95 scalpers, .90 day traders
[09:41] {dino} csc sm l .00
[09:42] {Threei}  LVS got away
[09:42] {Threei}  oh well
[09:42] {dino} ouch, stopped
[09:43] {Threei}  RIMM 1:1 scalpers
[09:43] {magoo} look OPEN
[09:44] {magoo} 91.50 pop aftrhours
[09:44] {dino} rinsed
[09:44] {magoo} low afterhr 82.50
[09:44] {Threei}  stop to under 64
[09:45] {dino} re-load csc sm l .00 break
[09:45] {magoo} why is csc hammered/
[09:46] {RonS} large percent of biz in public sector...prob states and that biz is weak
[09:46] {Threei}  cut EPS for 2011
[09:47] {RonS} plav long on .75 break 3i?
[09:48] {Threei}  - Cuts FY11 EPS $5.20 v $5.39e, R$16.2B v $16.6Be
[09:48] {Threei}  PLB you mean, I take it
[09:48] {RonS} plab
[09:48] {Threei}  I'd try .70 break
[09:49] {Threei}  see why? :)
[09:51] {magoo} yup
[09:52] {Threei}  LVS, let's see if we can catch it this time
[09:53] {Threei}  want pullback to .20
[09:53] {Threei}  for long with stop under .15
[09:53] {Threei}  ideall, it'd dive briefly undr .20, hold .15 and recross .20 for entry
[09:54] {dino} tdw sm l .25
[09:55] {RonS} plab .745 to .88  thnxs 3i
[09:55] {Threei}  :)
[09:58] {Threei} Short Setup: LVS  .40 break
[09:58] {Threei}  just a scalp
[09:58] {Threei}  if stays under .45
[09:58] {Threei}  tight stop, target's around .30
[09:59] {Threei}  maybe just under
[09:59] {RonS} Ron Paul and The Bernank on the hill today
[09:59] {magoo} dino, u in CSC?
[09:59] {Threei}  formally speaking 1:1... lol
[10:00] {dino} y
[10:01] {Threei}  (US) Fed Chairman Bernanke: The US cannot grow its way out of fiscal imbalances, reiterates that while there is ground for optimism on jobs that employment won't normalize for some time
[10:02] {dino} .07 all green
[10:02] {Threei}  why the long face ben
[10:02] {magoo} u in .07? iio took .00
[10:03] {Threei}  Believes pace of economic recovery will pick up in 2011 - Reiterates Fed has the tools it needs to exit from accomodative policy steps
[10:03] {Threei}  and fed will not monetize debt, yeah, we know
[10:03] {Threei}  - Reiterates that Fed bond buying does not add to debt.
[10:03] {Threei}  say what??
[10:03] {dino} afop gap fill dec
[10:04] {ScottM} Thinking if X breaks .10 could go for big ride down.
[10:04] {RonS} amx v sm l .79
[10:04] {Threei}  finally LVS
[10:04] {Threei}  out
[10:05] {Threei}  that was one fine red bar
[10:05] {Threei}  Scott, I'd be looking for aggressive entry
[10:06] {ScottM} k
[10:06] {magoo} only thing is, mkrs went green here
[10:06] {magoo} mkts
[10:06] {Threei}  breakdowns in this market are questionable - while elevator does go down, snapbacks are fast anf furious, and tend tio rinse you out
[10:06] {Threei}  mags, but C is red and weak
[10:07] {Threei}  X
[10:07] {ScottM} Agreed
[10:08] {magoo} agree vad, but its nasty animal, rather short green bars up
[10:08] {Threei}  isn't this what I said? :)
[10:08] {Threei}  10:05] {Threei} Scott, I'd be looking for aggressive entry
[10:08] {magoo} yup, didnt i say "agree"?
[10:08] {Threei}  yes but then you added "but"
[10:08] {magoo} typo
[10:09] {Threei}  typo?
[10:09] {Threei}  typo??
[10:09] {magoo} was scratching my butt
[10:09] {Threei}  no one is allowed to make any typos here
[10:09] {Threei}  nor misspell
[10:09] {Threei}  I meen mizspel
[10:10] {dino} teva sm l .51
[10:10] {Threei}  let's try this:
[10:10] {Threei} Short Setup: X  .30 break
[10:10] {Threei}  if stays under .40
06[10:11] * Threei slaps jfjf64 around a bit with a alarm clock
[10:11] {jfjf64} lol
[10:11] {jfjf64} gm all
[10:11] {Threei}  jf :)
[10:11] {Threei}  1:1
[10:12] {larisa} so X broke downtrend it had since 59, pulling back to support at .20 and you short at .30 with potential of what? scalp ?
[10:12] {larisa} just curious what you see
[10:12] {Threei}  no, want more out of it
[10:12] {magoo} X has an options down target of 52.50
[10:12] {Threei}  idea is different a bit here
[10:13] {larisa} you think it will retest?
[10:13] {larisa} lows I mean
[10:13] {Threei}  red while market is strong, drops while market climbs,
[10:13] {Threei}  bounces rather viciously,
[10:13] {Threei}  so I don't want to take breakdown and get rinsed,
[10:14] {Threei}  but when it bounces, I want to get some more or less decent formation to short wirth bearable stop.
[10:14] {Threei}  jump into .40 formed kind of double top,
[10:14] {Threei}  not very clean, but still,
[10:15] {larisa} I see
[10:15] {Threei}  little mini-range between .30 and .40 gave me a trigger and stop
[10:15] {Threei}  look at the volume too
[10:15] {Threei}  not rising on that bounce
[10:16] {Threei}  as for downtrend break on 1 min, yes but this is exactly the nature of this beast - this is how it rinses
[10:16] {Threei}  so I am just trying to rinse the rinsers
[10:16] {Threei}  so far it works
[10:17] {dino} csc stop -.13
[10:17] {Threei}  and deep in my soul there is a strong suspicion,
[10:17] {Threei}  not only it's going to retest the low,
[10:17] {Threei}  it wants to make new one
[10:18] {Threei}  whether it rinses our balance in the process is another matter :)
[10:18] {Threei}  my stop is .35
[10:18] {Threei}  volume again drops as it bounces
[10:19] {dino} ntgr sm l .25
[10:19] {Threei}  see this precision? touched .31, just enough to shake out those who keeps it too literal
[10:20] {Threei}  1:2
[10:20] {ScottM} in X at .19  Stop .31
[10:20] {Threei}  I name this play "don't kid the kidder"
[10:21] {Threei}  a bit late to the party scott...
[10:21] {Threei}  but still works
[10:21] {ScottM} lol
[10:21] {ese} SIAL earnings beat on slightly dn revs
[10:21] {ScottM} Still hoping for break of .10
[10:21] {jfjf64} ahh  the  old   DKTK   play
[10:21] {Threei}  rofl
[10:22] {ese} L sial sm .76
[10:22] {Threei}  stop is either breakeven or .25 at this point
[10:23] {Threei}  depends on your desire to keep all the money you made so far or give away little part of it
[10:23] {RonS} ntgr nice dino...i missed entry...
[10:24] {Threei}  OK X, time for breakdown
[10:24] {dino} last try csc sm l .25
[10:24] {ScottM} I am on your cheering squad
[10:24] {Threei}  here comes retest of the low
[10:25] {Threei}  Scott... we have very strict aufitions for cheerleaders, and I am pretty sure you fail the very first test...
[10:26] {dino} aeis sm l .15
[10:27] {ScottM} And I have hairy legs
[10:27] {Threei}  there you go
[10:27] {patience} so do i
[10:27] {RonS} omg
[10:27] {dino} ntgr to .51
[10:27] {ese} give sial a look dino
[10:27] {patience} 2 enormous dogs drapped over them. keeping them warm
[10:28] {patience} when does ron paul start to talk, i want some excitement in the market
[10:28] {dino} out ntgr +.30
[10:28] {ese} nice
[10:29] {dino} ty
[10:29] {dino} sial, needs more down imo
[10:30] {ese} your probably right
[10:30] {Threei}  *DOE CRUDE: +1.9M V +2ME; GASOLINE: +4.66M V +2ME; DISTILLATE: +290K V -1ME; UTILIZATION: 84.7% V 84.2%E
[10:32] {dino} altho, higher lows in making
[10:33] {dino} csc to flat
[10:34] {jfjf64} cboe
[10:36] {dino} csc stop +.05
[10:37] {ese} L ntap .89
[10:38] {ese} aggressive entry looking for 60 break
[10:44] {Threei} Long Setup:  LVS  .45 break
[10:44] {Threei}  if holding .40
[10:44] {magoo} in
[10:45] {Threei}  o go
[10:45] {dino} ste sm l .51
[10:48] {dino} vocs lod
[10:53] {RonS} shld momo
[10:54] {Threei}  27% See UN As U.S. Ally, 15% As An Enemy
[10:54] {Threei}  hmmm... the rest ask "what's UN"?
[10:55] {ScottM} lol
[10:55] {RonS} ...and 100% see it as a slovenly money-spending jellyfish
[10:55] {ScottM} x
[10:57] {Threei}  fiinally
[10:57] {Threei}  new low
[10:57] {Threei}  1:3
[10:59] {Threei}  1:4
[11:05] {Threei}  1:5
[11:05] {Threei}  I am out
[11:05] {ScottM} looking good
[11:06] {dino}  vocs sm l .50
[11:06] {dino} usna gappy
[11:06] {ScottM} no volume spike yet
[11:07] {Threei}  1:6
[11:07] {Threei}  all this beautiy for losuy 10 cents risk
[11:08] {Threei}  yew... happy with money making today?? :)
[11:09] {dino} sial new lows
[11:09] {ese} sial stopped .49
[11:10] {ese} -.26
[11:10] {ese} you were right dino......
[11:10] {ScottM} good idea to lower stop to above level of mini support  (.91) after break Vad? On X
[11:10] {Threei}  resistance you mean
[11:11] {Threei}  sure, if you want to trail it further
[11:11] {ese} thought it was worth a try
[11:11] {ScottM} k
[11:11] {ese} dino what gave you the sense that it was still heading lower
[11:13] {ScottM} out of X
[11:13] {dino} gut said 65 stock should lose more than the 20 stocks dop
[11:13] {dino} tdw stopped -.30
[11:13] {Threei}  beautiful
[11:13] {Threei}  wtg Scott
[11:13] {Threei}  great patience
[11:14] {ScottM} thanks Vad
[11:14] {dino} gj
[11:14] {ese} nice scott
[11:14] {ScottM} thks
[11:14] {Threei}  still dropping
[11:15] {dino} all red
[11:15] {ScottM} buyers remorse
[11:15] {ScottM} lol
[11:17] {ese} out ntap even .89 -/+ .00
[11:17] {dino} teva ste to b/e
[11:17] {ese} hmmmmm didn't like what i saw with the spyders
[11:24] {davd} gold below yday low
[11:25] {dino} aeis stop -.05, teva stop flat
[11:27] {magoo} HNI vad
[11:28] {Threei}  (US) Fed's Bernanke: Aiming to reach more normalized levels of employment at 5-6%, and that would come after withdrawal of the acccomodative monetary policy - Q&A- Growth levels at the 2.5% level are required for new employment
[11:34] {dino} mcy sm l .51
[11:40] {ese} L ntap .75
[11:41] {jfjf64} nyx   halted
[11:42] {dino} teva sm l .39
[11:45] {jfjf64} x  wedge
[11:45] {nemo} .87 support
[11:52] {nemo} boy, this has been a brutal correction today
[11:52] {nemo} ;)
[11:53] {Threei}  -17 point DJI
[11:53] {nemo} crushing
[11:53] {jfjf64} feels  lk 100
[11:53] {nemo} the despair
[11:54] {RonS} dino csc blood
[11:54] {jfjf64} nyx
[11:54] {jfjf64} hmm
[11:54] {Threei}  (GR) ECB's Bini Smaghi: A Greece default could be very difficult on the Eurozone; default is not an option as it would cause too much damage
[11:55] {Threei}  http://www.realitytrader.com/vad/chicken-little-sky-falling.jpg
[11:55] {nemo} too funny, so they either lend them the money, or reschedule the debt, same thing
[11:56] {nemo} well, here comes the retest
[11:57] {RonS} NYSE and Deutsche Boerse holding merger talks       02/09 09:51 AM
[11:58] {nemo} yah know what's scary about that?
[11:58] {nemo} NAS owns LSE, right?
[11:59] {RonS} ...and London bought Toronto
[12:04] {ese} now thats one i didn't know.....when did London buy Toronto Ron
[12:04] {RonS} today
[12:05] {RonS} or yesterday...read it on Cara
[12:05] {ese} huh.....whoa....i sure missed that one
[12:05] {ese} hmmmm  didn't read his blog last couple of days
[12:06] {ScottM} Vad, what do you think of AIG breakdown from h&s formation at .49, stop above right shoulder?
[12:07] {Threei}  toughie
[12:07] {Threei}  not sure
[12:07] {Threei}  hey guys, a question
[12:07] {ScottM} yes, not that clean in some ways
[12:08] {Threei}  if next conference takes place in Whistler mid Sept, any preliminary intereste?
[12:08] {Threei}  no firm commitment required
[12:08] {RonS} yes
[12:08] {Threei}  although I'll kill you if you say yes now and don't come then, but don't let it worry you
[12:09] {nemo} you will, huh?
[12:09] {RonS} gotta find me first...
[12:09] {Threei}  I count on you as a partner, knowing how much you like violance
[12:09] {nemo} that's easy
[12:10] {ScottM} Would like to go, but
[12:10] {ScottM} Sept. up in the air right now.
[12:10] {Threei}  but wqhat, you don't ski??
[12:10] {nemo} o.k. high volume candle, tck after double bottom....errrr....at lunch time...spy still not sure what it's doing....maybe not
[12:10] {ScottM} not well
[12:11] {Threei}  "not well" is head and shoulders above me, believe me :)
[12:11] {nemo} guess I shoulda'
[12:19] {patience} moving back into energy, SU and CNQ, waiting for downdraft to exhaust itself
[12:19] {nemo} that big oil build...4th straight week
[12:20] {patience} yes to Whistler Vad
[12:20] {nemo} this is where you make a crack about Vad's age, and a really bad pun
[12:21] {nemo} He's so old he probably met Whistler's mother
[12:21] {nemo} rim shot ese
[12:21] {Threei}  lol
[12:21] {ese} -ba dap bap
[12:21] {patience} not bad nemo   :)
[12:21] {nemo} What's worse, I think I'm older
[12:22] {RonS} badda bing...
[12:22] {nemo} keep getting these AARP applications
[12:22] {nemo} got my first one at 38
[12:22] {_yew1118} v lot
[12:23] {nemo} ?
[12:23] {nemo} shrub, I'm confused?
[12:23] {dino} ntgr sm l .49
[12:38] {nemo} open looks up, but spread not much fun....Dino
[12:43] {dino}  ste to .80 brb
[12:55] {dino} you were right on open
[12:57] {nemo} think it has a date with the .80 area unless spy reverses strongly
[12:58] {nemo} thinking tck bounces between here and .10
[12:59] {nemo} see if spy can weight it down
[13:00] {dino} out ste .81, +.30
[13:09] {nemo} wow, volume tck, long above it Vad?
[13:10] {nemo} should have shorted off it
[13:11] {nemo} having said that, would be a perfect rinse scenario before heading higher
[13:11] {Threei}  hmm
[13:11] {Threei}  yeah, looks this way to me
[13:12] {nemo} just about to touch would be trend line
[13:14] {nemo} nice if it consolidated here for a bit
[13:14] {nemo} no volume coming in yet
[13:14] {nemo} mmmmhhhhh
[13:15] {ese} 1/2 out ntap .94 +.18 1500 to go
[13:15] {dino} gj
[13:15] {ese} stop to break even
[13:15] {nemo} what's with the wuss shares ese?
[13:16] {ese} lol
[13:16] {ese} to smokin busy with other things.......too distracted....could make too many mistakes
[13:16] {nemo} crissakes you used to buy half a day's volume in a stock
[13:17] {magoo} boo whoo
[13:17] {ese} I know.....have gotten conservative.......
[13:17] {nemo} old age
[13:17] {ese} yup
[13:17] {magoo} music making u soft lol
[13:17] {nemo} mmmhhhh X
[13:18] {ese} these days...5 shows in 9 nights coming up
[13:18] {ese}  g dam tired as hell in the morning
[13:19] {nemo} X feels higher
[13:25] {magoo} X needs to take the 200
[13:26] {ese} out ntap balance .96 +.20
[13:26] {magoo} nice
[13:26] {ese} tks mags......
[13:27] {dino} gj
[13:27] {magoo} mkts almost greem
[13:27] {ese} I have a gospel artist from S Carolina coming to my school today to visit my program......don't have time to keep on this one
[13:28] {ese} http://www.gerganamusic.com/fr_home.cfm
[13:29] {ese} if anyones in the neighborhood
[13:29] {ese} Vad??? Patience????? hows your singing skills coming along......need to do a workshop maybe ???ehhhh????
[13:30] {ese} starts next week?
[13:30] {Threei}  here is the deal ese
[13:30] {ese} lol
[13:30] {Threei}  if there is crowd you really really hate, and want to do hard by,
[13:30] {Threei}  gather them,
[13:30] {Threei}  call me, and get me to sing to them
[13:31] {ese} rotflol
[13:31] {Threei}  I guarantee you,
[13:31] {Threei}  there is no wosre thing you could possibly do to them
[13:32] {ese} ya......now that you mention it....we've never done any camp fire singing at your shiskabob parties
[13:32] {Threei}  also, I will do it for free - the pleasure of seeing people breaking down the windows and jumping out, in attempt to get out of the horrow zone,
[13:32] {Threei}  it alone worth it
[13:32] {Threei}  horror
[13:33] {Threei}  please make sure people come unarmed though
[13:33] {Threei}  both suicides and homicides are likely to happen
[13:33] {ese} although....we have been in shape enough to give it a shot......alchohol  wise that is
[13:33] {nemo} knowing your voice, you better make sure there's no glassware
[13:33] {Threei}  oh... russians need about three times that dose to start singing
[13:34] {ese} definitely....vads proved that point
[13:34] {Threei}  clay ware is not safe either, nemo
[13:34] {ese} lol
[13:34] {nemo} they'll be chewing into their wrists
[13:35] {Threei}  aime higher - people have been known to try and gnaw at their throats, to avoid listening to me singing
[13:35] {ese} lol
[13:35] {Threei}  don't ask me how that is anatomically possible, but they did
[13:36] {nemo} well, there's the Yakuza self-neck-break too
[13:37] {Threei}  AIG
[13:37] {Threei}  watching for poosible short into bounce
[13:37] {davd} bidu up big on upgrade this morning.  . is there a rule of thumb on how long the euphoria lasts?
[13:37] {Threei}  not really
[13:37] {nemo} remember, market can stay irrational longer than you can stay solvent
[13:37] {davd} ii
[13:39] {nemo} btw...I've tested that axiom
[13:40] {RonS} ...or was is axed my testium
[13:40] {RonS} it
[13:40] {Threei}  lol
[13:40] {nemo} not sure I can give you credit for that Ron
[13:40] {nemo} unless it's a Eubonics thing
[13:41] {nemo} then you get credit for a foreign language
[13:41] {RonS} no, meant ax
[13:41] {nemo} oh...forget it then
[13:41] {RonS} been there, done that too...
[13:41] {nemo} AIG at support
[13:41] {Threei}  yes, but I would prefer to wait for a rinse
[13:41] {Threei}  and try to short when support shorters give up and get stopped
[13:41] {ese} Just realized that when you click onto that website you have to click workshops http://www.gerganamusic.com/fr_home.cfm
[13:42] {nemo} there's pivot support at .10
[13:42] {nemo} Holly Cole type
[13:42] {ese} any of you on this board from N or S Carolina
[13:42] {nemo} lived in South Carolina for awhile
[13:42] {nemo} age of consent younger and all
[13:43] {RonS} lol
[13:43] {ese} ah ha
[13:44] {RonS} ...had this boss who had great lines
[13:44] {RonS} one time in bar a young woman came onto him
[13:44] {RonS} he says:  honey, I'm too old for you , and you're too old for me"
[13:45] {nemo} oy vay
[13:45] {ese} ahhhhhh ......hmmmmmm i don't get it
[13:45] {nemo} He likes even younger women
[13:45] {ese} ahhhhhhhh
[13:46] {nemo} you're blonde, aren't you?
[13:46] {ese} lol
[13:46] {RonS} rotflol
[13:46] {nemo} slw might be a short
[13:46] {ese} gotta love nemos' no bs get right to the point style
[13:47] {nemo} I can get away with it...
[13:47] {nemo} None of you are close enough to choke the shit out of me
[13:47] {ese} lol
[13:48] {ese} dream about it though
[13:48] {nemo} touche
[13:48] {RonS} ...and running fast...
[13:49] {nemo} to play a tck bottom bounce, or not
[13:49] {nemo} new low
[13:51] {nemo} wow, that's great stuff ese
[13:54] {nemo} if TCK drops this, I don't see support for another $1
[14:01] {Threei}  kschun... man, the play you missed...
[14:02] {Threei}  TCK looks so dead
[14:03] {Threei}  I wouldn't try a bounce on it nemo
[14:03] {Threei}  I would be looking to short it
[14:03] {nemo} it bounced at breakout support on the hourly chart, but there's no clean chart support until 56.85
[14:07] {magoo} X short loss 57 vad?
[14:07] {Threei}  I think so
[14:07] {Threei}  TCK is at topping point, I think
[14:08] {nemo} old support new resistance thing
[14:09] {ScottM} took TCK at .69.  stop .79
[14:12] {ScottM} out half
[14:13] {kschun} hello guys. which trade vad? I am currentyl in BRCM
[14:13] {nemo} [14:08] {&Threei}  TCK is at topping point, I think
[14:13] {Threei}  beautiful Scott
[14:13] {ScottM} thks
[14:13] {Threei}  kschun... that was X short. 58.30
[14:14] {kschun} ah I see... really have to join earlier... :-)
[14:14] {nemo} I won't know what to do with myself if the SPY doesn't close at a new high
[14:15] {Threei}  well, ealrly joining doesn't earn you many points - jf was late by just 40 min today, and look what it got him:
[14:15] {Threei}  [10:11] * Threei slaps jfjf64 around a bit with a alarm clock
[14:16] {kschun} :-)
[14:21] {ScottM} TCK maybe ready to give up low of move
[14:22] {Threei}  here comes fun
[14:22] {Threei}  TCK, X
[14:23] {Threei}  seriously, this must be illegal...
[14:25] {_yew1118} HI
[14:25] {Threei}  hi yew
[14:25] {Threei}  start covering X mags
[14:26] {magoo} ok
[14:26] {ScottM} out of TCK... too soon... large green bars threw me.
[14:26] {Threei}  TCK juicy fdrop fro the bounce top
[14:27] {nemo} got support around .25 for X
[14:27] {ese} gotta go cya ta ma ra
[14:27] {Threei}  take care ese
[14:28] {ScottM} cya
[14:28] {magoo} shorted a lil open loss 84
[14:29] {Threei}  looking at this spread, I wouldn't touch this stock with 10 ft pole
[14:34] {magoo} TCK a short again?
[14:34] {Threei}  no
[14:34] {Threei}  at least not that I could read
[14:35] {kschun} bbby rolling over
[14:36] {kschun} vad? bbby? probably not the stock to short in this environment
[14:36] {magoo} stopped out open
[14:36] {Threei}  way too narrow for my taste, BBBY
[14:37] {nemo} fcx falling, can tck be far behind
[14:38] {dino} mcy stopped +.10
[14:39] {ScottM} SPY close to break
[14:39] {Threei}  Dow is down 40 points
[14:40] {Threei}  anyone living close to Wall Street, walk carefully today, lest you are hit by bodies falling out of the windiws
[14:40] {magoo} LVS short vad?
[14:40] {nemo} Prozac prescriptions...who makes it BUY BUY BUY
[14:40] {Threei}  I doubt it mags
[14:41] {Threei}  doesn't look right
[14:41] {magoo} how bout AIG?
[14:41] {davd} its lilly
[14:41] {Threei}  too late AIG
[14:42] {ScottM} RIMM Vad?
[14:42] {dino} csc wants 47.17 gap
[14:42] {Threei}  if bounces to about .30, yes
[14:42] {Threei}  I'd try it there
[14:42] {ScottM} k
[14:42] {dino} teva to .49
[14:43] {dino} brb
[14:43] {nemo} did we take the blue pill or the red pill...this is silly, the market can't close down
[14:44] {nemo} figures...dino finds a long that works
[14:45] {Threei}  LVS
[14:45] {Threei}  starts looking better mags
[14:45] {Threei}  for .80 break
[14:45] {davd} why lilly re prozac?
[14:45] {nemo} offers
[14:45] {nemo} dave is a blonde too
[14:46] {nemo} [14:41] {&Threei}  anyone living close to Wall Street, walk carefully today, lest you are hit by bodies falling out of the windiws
[14:46] {nemo} [14:41] {magoo} LVS short vad?
[14:46] {nemo} [14:41] {nemo} Prozac prescriptions...who makes it BUY BUY BUY
[14:46] {davd} nope too much prozac
[14:47] {ScottM} shorted RiMM at .27
[14:47] {ScottM} tempted to try one of your mini stops Vad... .31?
[14:48] {davd} regardless of the color of my hair/ lack thereof... was Lilly a joke, cause i bought 250 shares
[14:48] {dino} s/p gap 1310 fri
[14:48] {Threei}  hehe
[14:48] {Threei}  why not
[14:48] {Threei}  it's double fun
[14:49] {ScottM} :)
[14:49] {nemo} think maybe get's to the top of the gap
[14:49] {ScottM} 1:3
[14:50] {Threei}  merely 1:2
[14:50] {magoo} out x here .53
[14:50] {magoo} ty vad
[14:50] {Threei}  what are you, Al Capone's bookkeeper?
[14:50] {Threei}  welcome mags
[14:51] {nemo} probably gap up to a new high before the open tomorrow
[14:51] {magoo} if IF futes keep falling..X lower
[14:51] {Threei}  LVS is about to fall throuigh the floor
[14:52] {Threei}  now it's 1:3, scott
[14:52] {ScottM} yes Vad... my mistake... Al would be ashamed of me.
[14:52] {Threei}  not even speaking of his accountant
[14:54] {nemo} can you say, "baseball bat"  Scott?
[14:55] {ScottM} ya... can't forget that scene
[14:56] {ScottM} out
[14:56] {Threei}  market snapback
[14:57] {Threei}  not much but enough to ruin patterns
[14:57] {magoo} buying dip has worked
[14:57] {ScottM} Mimi Me would be proud of my profit on that trade... quite "mini."
[14:57] {magoo} so dip buyers are there
[14:58] {nemo} we
[14:58] {nemo} we're still .30 from Monday's open sheesh
[15:00] {magoo} wonder if BIDU gonna go to high
[15:00] {dino} srx pop
[15:00] {magoo} thats what it should do
[15:00] {dino} too fast
[15:01] {dino} again
[15:01] {nemo} we probably get back to 132
[15:02] {kschun} JDSU maybe above .45
[15:02] {dino} close green for 7 in row?
[15:03] {magoo} today 8
[15:03] {dino} i sit corrected
[15:03] {nemo} don't know about that, but probably maket it at least to vwap which is descending from 132.10
[15:03] {dino} srx big pop again
[15:03] {magoo} posted it in mornioing
[15:03] {magoo} only 8 sessions 10 times in last 20 years
[15:09] {_yew1118} srx???
[15:10] {Threei}  SRX Ticks higher following reports Board is evaluating various offers for the company
[15:13] {nemo} theres 132
[15:15] {nemo} wow open
[15:15] {nemo} tck
[15:15] {nemo} oops
[15:21] {larisa} finishing +50 ? :)
[15:22] {Threei}  no way
[15:22] {Threei}  I'll eat my keyboard
[15:22] {Threei}  and yours
[15:22] {larisa} i need mine
[15:22] {Threei}  sorry, but I'll have to eat it
[15:22] {larisa} you can eat nemos
[15:22] {nemo} get a touchscreen
[15:23] {larisa} hah
[15:23] {Threei}  I can't, he rubs it with broccoli daily
[15:23] {nemo} OCZ break of .35?
[15:23] {Threei}  nah
[15:24] {nemo} broccoli or the trade?
[15:24] {Threei}  neither
[15:28] {nemo} spy to test the downward trend, I think at least .10 though
[15:29] {larisa} +50, telling you :)
[15:30] {dino} teva stop +.10
[15:31] {nemo} wow, cramming into that wedge spy
[15:33] {ScottM} Vad, do you find that the more obvious the pattern, the greater the chance of failure?  (Thinking of recent H&S pattern in TCK)
[15:34] {nemo} Scott...you're assuming he thinks
[15:34] {Threei}  lol
[15:34] {Threei}  well, too perfect and too obvious ones do tend to fail,
[15:34] {Threei}  but H&S is very unreliable one
[15:34] {magoo} lvs short vad?
[15:34] {Threei}  I am not fond of it at all
[15:35] {ScottM} thks
[15:35] {Threei}  don't have a read on it mags
[15:36] {magoo} how bout X?
[15:36] {Threei}  57 break could be
[15:36] {Threei}  burt no big expectations
[15:36] {Threei}  scalp at best
[15:44] {nemo} mmmmm   vwap may come to spy
[15:46] {nemo} there's .10
[15:46] {Threei}  larisa, you keyboard is safe I believe
[15:49] {larisa} :)
[15:52] {ScottM} Good night all.
[15:53] {dino} gn
[15:54] {Threei}  thank you all
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {nemo} interesting, small caps not following
[15:55] {dino} dji green
[16:02] {dino} akam drop
[16:02] {nemo} wow, quite the SPY jump
[16:02] {nemo} wtf
[16:03] {nemo} tna running too
[16:03] {nemo} wtf
[16:03] {dino} ftw
[16:03] {dino} eqix spike
[16:04] {dino} wfmi spike
[16:15] {dino} magoo you hit akam?
[16:15] {dino} eqix gives all back and more