Thursday, July 7, 2011

Jul 07 2011

Positive but so boring day. I must have mentioned a few times how I hate big gap up days....

Session Time: Thu Jul 07 00:00:00 2011
[08:15] {Threei}  *(US) JUN ADP EMPLOYMENT CHANGE: 157K V 70KE
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 418K V 420KE; CONTINUING CLAIMS: 3.681M V 3.70ME
[08:54] {Threei}  (EU) ECB Trichet: ECB staff projections already incorporate rate increase; staff publishes ranges in order to capture uncertainty; reiterates ECB does not precommit on rates - Q&A
[08:54] {Threei}  - Today's decision to raise rates was important, ECB always does what is necessary to maintain price stability.
[08:54] {Threei}  - Rate hikes were made at the right time in order to maintain price stability.
[08:54] {nemo} huge gap up, gonna' be a slow day
[08:54] {Threei}  (PO) ECB's Trichet: ECB has decided to suspend minimum credit threshold for Portugal - rate decision Q&A
[08:54] {Threei}  - To issue a press release on Portugal collateral in the near future.
[08:54] {Threei}  - ECB says no to a credit event, no to a selective default.
[08:55] {Threei}  jumped on ADP employment numbers
[09:07] {_carson} gap up
[09:08] {Threei}  hate it
[09:08] {_carson} lol OIL up like crazy
[09:08] {_carson} wow
[09:12] {Threei}  dino, go home
[09:12] {larisa} gm :)
[09:12] {Threei}  larisa :)
[09:12] {_carson} slw in the $36s
[09:13] {_carson} silver will pullback
[09:13] {dino} lol 3i, but probably right
[09:13] {_carson} it crossed the 20ma and it has a habit of pulling back
[09:17] {Threei}  SPY daily looks horribly overstretched
[09:17] {nemo} remember last summer
[09:18] {_carson} i cant believe we are @ highs in the SPY
[09:18] {_carson} 135s??? wow
[09:22] {samire} gm
[09:22] {Threei}  samire :)
[09:25] {nemo} beginning of the Summer rally
[09:26] {_carson} beginning ?
[09:26] {_carson} its already rallied hard
[09:26] {nemo} yeah, only the beginning
[09:26] {nemo} started last week...earnings next week
[09:27] {ese} morning
[09:28] {Threei}  ese :)
[09:28] {RonS} ese, you may want to watch qpsa...gm  btw
[09:29] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {Threei} Short Setup: RIMM  .85 break
[09:31] {Threei}  stop above .95
[09:31] {_edusantos} gm
[09:31] {Threei}  edu :)
[09:31] {_carson} ouch so fast
[09:31] {Threei}  1:1
[09:31] {_carson} :)
[09:31] {Threei}  you complain about fast profit?
[09:31] {Threei}  that's new
[09:31] {jfjf64} missed
[09:31] {jfjf64} too fast
[09:31] {_carson} missed thats why
[09:31] {_carson} :P
[09:31] {Threei}  come on... huge bid at .74 kept it there for you
[09:31] {_carson} 1:2 vad
[09:31] {Threei}  wake up you guys
[09:31] {_carson} haha
[09:31] {jfjf64} i know
[09:32] {_carson} nice trade Vad!
[09:32] {Threei}  not yet carson
[09:32] {Threei}  3 cents to 1;2
[09:33] {Threei}  one more sleepy head, connects after first win
[09:33] {ese} L DANG ..28
06[09:33] * Threei slaps pragmatic around a bit with a large alarm clock
06[09:33] * pragmatic wth
[09:33] {_carson} hahahah
[09:33] {ese} stop .19
[09:34] {jfjf64} v
[09:34] {patience} good morning
[09:34] {ese} out 1/2 .39
[09:34] {ese} +.12
[09:35] {ese} +.11
[09:35] {_carson} wow RIMM
[09:35] {jfjf64} gj
[09:35] {jfjf64}  ese
[09:35] {_carson} come back all the way up to .80s and then collapsed again
[09:35] {ese} tks
[09:37] {ese} out full Dang .49 +.20
[09:37] {_carson} very nice trade ese
[09:38] {ese} tks...nervy one
[09:38] {Threei}  anyone had RIMM?
[09:38] {Threei} Long Setup:  SLW  .80 break
[09:38] {ese} it's gonna keep goin i'm pretty sure
06[09:38] * pragmatic Started with RIMM this morning
[09:38] {Threei}  if stays above .70
[09:38] {ese} and there it goes
06[09:39] * pragmatic before you hit me with Alarm Clock
[09:39] {Threei}  if invalidates, wait for under .60
[09:40] {Threei}  next entry idea is .50 - .60 range
[09:42] {Threei} Long Setup:  SLW  .60 break
[09:42] {Threei}  if stays above .50
[09:42] {_normasue} no one is trading?
[09:42] {Threei}  ??
[09:43] {Threei}  1:1
[09:43] {Threei}  1:2
[09:43] {_carson} still holding
[09:43] {Threei}  out
[09:44] {Threei}  during fast morning action, we trade more than talk, norma
[09:44] {_carson} out .78 +.17
[09:44] {jfjf64} ny  3i
[09:44] {Threei}  yw
[09:44] {jfjf64} ty
[09:44] {dino} cnw sm s .01
[09:46] {samire} thanx Va
[09:46] {samire} Vad
[09:48] {Threei}  welcome samire
[09:48] {dino} cov cnw .91, +.10
[09:48] {dino} damn bstop too tight
[09:48] {samire} i went in big in slw
[09:49] {samire} i liked the set up
[09:49] {samire} quick cash
[09:49] {Threei}  :)
[09:50] {Threei} Short Setup: RIMM  .60 break
[09:51] {Threei}  invalidated
[09:51] {_carson} the way rimm trades scares me off
[09:52] {RonS} dino, tracking ILMN...
[09:52] {_carson} lol vad slw...not again today
[09:52] {_carson} daaaaaaaayemm
[09:53] {Threei} Long Setup:  FCX  55 break
[09:53] {nemo} oops
[09:53] {Threei}  stop under .90
[09:53] {RonS} nuts, ilmn held 76...was looking for a washout
[09:54] {Threei}  no go
[09:56] {Threei}  sheesh RIMM
[09:58] {Threei} Long Setup:  SLW  37 break
[09:58] {Threei}  if stays above .90 of coirse
[09:59] {Threei}  FCX rinse
[09:59] {Threei}  this is just wrong
[09:59] {Threei}  inhumane
[10:00] {_carson} ys
[10:01] {Threei}  *(DE) DENMARK CENTRAL BANK RAISES RATES
[10:01] {Threei}  nothing rotten about that
[10:02] {Threei}  FCX, this is just a mockery on your part
[10:02] {_carson} whatre they doing here with SLW
[10:02] {Threei}  who?
[10:02] {_carson} is this teasing ?
[10:02] {_carson} MMs ...lol
[10:03] {Threei}  fiorget this "MM" crap
[10:03] {Threei}  there are setups, trade them
[10:03] {Threei}  they are proven over many years of practice
[10:03] {nemo} "MM"?
[10:03] {_carson} marketmakers
[10:03] {Threei}  1;1
[10:03] {dino} m&m's
[10:04] {Threei}  lol
[10:04] {Threei}  tell you what
[10:04] {nemo} ROST
[10:04] {Threei}  as soon as you find outfit that pushes "marketmakers, what they are doing, how to decipher their actions and profit from them" - don't walk, run
[10:05] {dino} cyou spike
[10:05] {Threei}  this crap worked half-ass in 1997
[10:05] {_carson} haha :D
[10:05] {Threei}  1/4 ass in 1999
[10:05] {Threei}  never since
[10:06] {RonS} ese's stock dino?
[10:07] {samire} 36.99 was our stop on second half ?
[10:07] {samire} is that correct ?
[10:07] {Threei}  if you partial, yes
[10:07] {samire} that is what i did
[10:07] {Threei}  right
[10:07] {samire} yes
[10:07] {Threei}  you are getting the routine down
[10:07] {Threei}  great to see
[10:07] {Threei}  fast learner
[10:07] {samire} finally
[10:08] {samire} i am nicely green today
[10:08] {Threei}  you become green as soon as you stop being yellow
[10:08] {RonS} kermit or the hulk?
[10:08] {dino} cnw sm s .89
[10:08] {Threei}  :)
[10:09] {Threei}  come on Ron... you busted me for my bad jokes so many times, you could pat me on the back for the half decent one
[10:09] {dino} ?ron?
[10:09] {dino} ntes drop
[10:10] {Threei} Short Setup: FCX  .20 break
[10:10] {Threei}  if stays under .30
[10:11] {Threei}  not a scalp if sets up
[10:12] {Threei}  should be capable of more
[10:12] {Threei}  usual routine fo three partials
[10:12] {Threei}  of
[10:13] {Threei}  shall we dance, FCX??
[10:13] {Threei}  ok
[10:13] {Threei}  let's
[10:15] {Threei}  no go
[10:15] {Threei}  this one just won't cooperate today
[10:16] {Threei}  (US) President Obama proposes a mortgage break for period of 1 year for unemployed persons
[10:16] {Threei}  (US) Three key senators reach agreement that will allow termination of $6B ethanol tax credit
[10:16] {Threei}  wow... common sense prvails??
[10:17] {RonS} ya, so who's paying for that?
[10:17] {nemo} guarantee you there are other subsidies coming in to replace them
[10:20] {dino} cnw bstop to .69
[10:20] {Threei}  how I hate these huge gap up days... so difficult to find decent trade
[10:20] {_carson} anyone see RIMM run like crazy ?
[10:20] {_carson} i just saw it
[10:22] {dino} cnw to .59
[10:25] {dino} cov +.30 cnw
[10:26] {nemo} oil in 4
[10:30] {dino} fst sm l .24
[10:32] {ese} L REE.54
[10:36] {samire} where is your stop dino on fst
[10:36] {samire} Vad...fst is setting up for long
[10:37] {dino} .89
[10:38] {Threei}  not sure samire
[10:44] {Threei}  not delighted by how it trades
[10:44] {Threei}  can continue sliding just as easy
[10:46] {_carson} its got that double bottom look to it
[10:46] {_carson} on 2s
[10:46] {dino} this market is nuts
[10:47] {nemo} IWM and QQQ just running
[10:47] {dino} the bi-polar market, 10 dats ago death, now extreme joy
[10:47] {Threei}  SLW weakens a bit
[10:47] {dino} days
[10:48] {patience} what is philip morris called these days, anybody know?
[10:49] {RonS} mo
[10:49] {patience} ty
[10:49] {RonS} but there is another that is international...
[10:50] {patience} oh ok
[10:50] {_edusantos} MPEL
[10:50] {_edusantos} .30 break
[10:50] {_edusantos} stop .24
[10:51] {nemo} looks good edu
[10:52] {dino} ll lod
[10:52] {_edusantos} ty
[10:52] {Threei}  1;1
[10:52] {Threei}  I am retiring edu, you take over
[10:52] {_edusantos} half out
[10:52] {nemo} VWAP .60 and falling on mpel
[10:53] {_edusantos} lol
[10:53] {nemo} S1 .49
[10:53] {nemo} what's 1:1 Vad?
[10:54] {Threei}  edu's MPEL
[10:54] {pragmatic} its a hidden, superprofitable trade (not posted for purpose)
06[10:54] * pragmatic :)
[10:54] {nemo} Where's that frickin' list....
[10:55] {Threei}  conspiracy theorists be smacked
[10:55] {dino} dog ate it
[10:55] {nemo} no dog, rabbit
[10:58] {RonS} oil futes 99.40
[10:59] {RonS} report is now due to 7/4
[11:01] {Threei}  *DOE CRUDE: -890K V -2.5ME; GASOLINE: -635K V +250KE; DISTILLATE: -190K V +1ME; UTILIZATION: 88.4% V 88.5%E
[11:03] {Threei}  look at this
[11:03] {Threei}  (PO) Follow Up: ECB confirms change in eligibility of debt instruments issued or guaranteed by the Portuguese government (update)
[11:03] {Threei}  - ECB decided to suspend the application of the minimum credit rating threshold in the collateral eligibility requirements for the purposes of the Eurosystems credit operations in the case of marketable debt instruments issued or guaranteed by the Portuguese government. This suspension will be maintained until further notice. The Portuguese government has approved an economic and financial adjustment programme, which has been negotiated with the European Commission, in liaison with the ECB, and the International Monetary Fund. The Governing Council has assessed the programme and considers it to be appropriate. This positive assessment and the strong commitment of the Portuguese government to fully implement the programme are the basis, also from a risk management perspective, for the suspension announced herewith.
[11:03] {Threei}  The suspension applies to all outstanding and new marketable debt instruments issued or guaranteed by the Portuguese government.
[11:03] {Threei}  - Reminder: ECB's Trichet earlier commented that a release on this change would be upcoming following the press conference
[11:04] {Threei}  sp, they essentially gave Portugal card blanche to issue any amount of debt with no collateral
[11:04] {RonS} eur hod
[11:04] {Threei}  housing boom/bust showed us how it ends
[11:05] {dino} eur makes no sense w/piigs faltering
[11:05] {Threei}  actually it does...
[11:05] {Threei}  can is getting kicked down the road
[11:05] {Threei}  who cares what happens in a year
[11:07] {samire} GT on 2s
[11:07] {samire} long
[11:07] {samire} .54
[11:07] {samire} if triggers
[11:07] {RonS} mpel overhead supply seems endless
[11:08] {samire} .49 now
[11:09] {samire} go GT
[11:09] {samire} in .49
[11:09] {samire} on 2 minute chart
[11:10] {samire} half out
[11:10] {samire} stop to .48
[11:10] {dino} i would think it would be the biggest short out there, but ut keeps going up
[11:10] {_carson} thanks samire
[11:10] {_carson} took that one
[11:10] {samire} dino...u need private lessons
[11:10] {Threei}  edu... sorry but you are going to have to run the room together with samire
[11:11] {dino} tmh sm l .50
[11:11] {samire} make all payment to samire from now on (not to Vad)
[11:11] {Threei}  half
[11:11] {Threei}  half still to edu
[11:11] {samire} deal
[11:12] {_normasue} crox  good short
[11:12] {Threei} Long Setup:  SLW  .82
[11:12] {Threei}  if stays above .75
[11:12] {nemo} vwap .84
[11:13] {samire} invalid
[11:13] {jfjf64} ty  sam
[11:14] {Threei}  invalidated but looking for another entry
[11:14] {samire} ok
[11:15] {Threei}  .70 break if holding .65
[11:18] {Threei}  half out
[11:18] {Threei}  scalpers just be happy
[11:19] {_carson} im happy :/
[11:19] {_carson} lol
[11:19] {Threei}  good to know :)
[11:20] {dino} lol sami
[11:20] {samire} sign up for my course dino
[11:21] {samire} www.aaaaaa.com
[11:23] {jfjf64} cnc
[11:23] {dino} fst to b/e
[11:23] {RonS} mpel to breakdown
[11:23] {dino} sami, beware the trading gods
[11:23] {_normasue} out crox
[11:23] {Threei}  nice one
[11:24] {RonS} blew out your flip flop?
[11:24] {Threei}  also, beware ides of march and greeks bearing debt
[11:24] {Threei}  sorry, gifts
[11:24] {samire} cnc on 2
[11:25] {samire} from jf
[11:26] {dino} fst to .64
[11:26] {_edusantos} MPEL capi
[11:26] {dino} out fst +.40
[11:26] {_carson} nice run
[11:26] {_carson} i cut that trade flat
[11:26] {_carson} lol
[11:26] {jfjf64} gj  dino
[11:27] {dino} ty
[11:27] {Threei}  why carson?
[11:27] {dino} for all the heckling sami is throwiong at me, i am 4/4
[11:27] {_edusantos} MPEL .18 break
[11:28] {_edusantos} stop .12
[11:28] {samire} edusantos......are u in (...) room with me ?
[11:29] {Threei}  http://www.reuters.com/article/2011/07/07/us-china-jiang-idUSTRE7661IU20110707
[11:29] {_edusantos} sami?
06[11:29] * pragmatic away
[11:29] {samire} www.editedout.com
[11:30] {samire} they are calling mpel
[11:30] {Threei}  edu, that's another service which samire considers inferior to ours but continues promoting it here {G}
[11:30] {_carson} ahhahahaha
[11:30] {_carson} sorry i burst out laughing
[11:30] {samire} Vad is the best
[11:30] {_edusantos} rolf
[11:30] {samire} I write about him at the other room
[11:31] {Threei}  thank you but I would appreciate that you promoted this opinion over there instead of doing the opposite {GGG}
[11:31] {nemo} massive iwm volume
[11:31] {_carson} OMG
[11:31] {_carson} i was drinking milk
[11:31] {_carson} and i burst out laughing
[11:31] {Threei}  need new keyboard, carson?
[11:31] {_carson} and now its all over my desk
[11:31] {_carson} thanks Vad
[11:31] {_edusantos} stop MPEL
[11:32] {_edusantos} damn (...)
[11:32] {_edusantos} lol
[11:32] {Threei}  rofl
[11:32] {Threei}  now my keyboard is shot
[11:32] {Threei}  coffee
[11:33] {samire} i did not take mpel....it is casino
[11:35] {Threei}  ok samire, you are going to have to click that +1 button, to make up for my keyboard
[11:35] {Threei}  and overall, you guys... just 3 of you would recommend the RT site to others??
[11:35] {_normasue} are you still in fst?
[11:36] {samire} no
[11:36] {dino} no, out .64
[11:37] {_normasue} good trade dino
[11:37] {dino} sorry vad, never went there
[11:37] {_normasue} looking to short 25.10
[11:37] {Threei}  I am crying in the corner dino
[11:37] {dino} ty norma
[11:38] {_carson} i did it now too vad
[11:38] {_carson} it showed up for me
[11:38] {dino} sorry buddy, but was busy trading
[11:38] {Threei}  thank you carson
[11:38] {dino} you know you have the best trading site going, you are a machine
[11:38] {Threei}  thanks... I just want more people to kow that :)
[11:39] {Threei}  I also want them not to have any illusions about my spelling
[11:41] {dino} do i need goggle acct to recommend?
[11:41] {Threei}  I think so
[11:42] {dino} don't have one
[11:42] {Threei}  don't bother then
[11:42] {RonS} and broadband...hehe
[11:42] {Threei}  makes no sense to go throuigh the hassle just to click one button :)
[11:42] {Threei}  lol
[11:42] {dino} lol ron, yeah my dialup is slow
[11:43] {Threei}  hmmm... who withdrew their recommendation?
[11:43] {Threei}  4 went down to 3 again, lol
[11:43] {Threei} Short Setup: SLW  .58
[11:45] {samire} hk on 2
[11:46] {_normasue} fst long
[11:46] {nemo} wow see that print at .61 on fst
[11:48] {_normasue} out fst
[11:48] {samire} took hk on 2
[11:48] {samire} 25.00
[11:49] {dino} gj norma
[11:49] {RonS} same here samire...poet and don't know it...
[11:49] {_normasue} tks
[11:50] {_normasue} crox back up to resistance
[11:53] {samire} sold hk for small profit
[11:53] {samire} it is not moving the way i want it
[11:53] {samire} covered comiisions plus some cash
[11:54] {RonS} same here samire...$4
[11:54] {samire} buy ice cream Rons
[11:56] {RonS} ron is fine samire...
[11:56] {dino} rah
[11:56] {dino} spike
[11:56] {samire} looking for secondary 5s on HK for a second entery
[11:56] {_normasue} did you get that dino?
[11:57] {samire} dino lives in the dark ages
[11:57] {RonS} he would be shorting it norma...
[11:58] {dino} missed short entry, wanted 89.30
[11:58] {dino} now at 88.70
[11:58] {_normasue} fast
[11:58] {dino} yeah
[11:59] {dino} we get it, we get it. otherwise there's always another
[12:00] {samire} taking 1 hour break
[12:00] {samire} can u survive  ?????
[12:01] {samire} Vad is in chaarge now
[12:01] {Threei}  you got another room to run for an hour, samire?
[12:01] {Threei}  I'll hold the fortress here, no worry
[12:02] {dino} lol
[12:02] {_carson} LOL
[12:02] {_normasue} fst bassing
[12:02] {Threei} Long Setup:  CROX  28 break
[12:02] {Threei}  just a scalp
[12:02] {_normasue} .01 right
[12:03] {Threei}  yeah
[12:03] {Threei}  if that huge offer clears, should move a bit
[12:05] {dino} brb
[12:05] {Threei}  also, look at intraday... 28 served as resistance for a long time
[12:05] {Threei}  dam break effect
[12:05] {_normasue} what is brb?
[12:05] {Threei}  be right back
[12:06] {_normasue} oh!
[12:06] {Threei}  :)
[12:06] {Threei}  realitytrader - place where you trade, learn internet abbreviations and listen to bad jokes
[12:06] {_carson} some are pretty good
[12:07] {jfjf64} nice photos
[12:07] {jfjf64} bad  jokes
[12:07] {Threei}  carson... I am afraid it doesn't reflect well on your sense of humor... {G}
[12:07] {Threei}  thanks jf
[12:07] {Threei}  I am more proud of my photos than of my jokes
[12:10] {_normasue} fst
[12:11] {Threei}  but, while CROX makes up its mind
[12:11] {Threei}  I have a photojoke for you
[12:11] {Threei}  http://www.realitytrader.com/vad/P6223219.JPG
[12:12] {_carson} HAHAHAHAHAAHHAAHHA
[12:12] {_carson} thats vad
[12:12] {_normasue} out fst
[12:12] {Threei}  mowing the lawn is always joy, ain't it
[12:12] {dino} little over dressed for it
[12:12] {Threei}  nope... I just consider it a real celebration
[12:13] {Threei}  (GR) EU's Juncker: The EU should temporarily suspend co-financing rules for Greece
[12:13] {Threei}  but of course
[12:13] {dino} lol. i just have my son mow it
[12:13] {Threei}  well, you are lucky
[12:13] {Threei}  mine moved out already
[12:14] {_normasue} how many cents do you consider for a scalp?
[12:14] {dino} depends on size
[12:14] {Threei}  it's not cents, it's risk/reward ratio
[12:14] {Threei}  1:1 is a scalp
[12:14] {_normasue} thank you
[12:16] {dino} ron, our old friend clw has no pulp today
[12:16] {Threei}  now, what does one do after enjoying the activity? (lawn mowing of course)?
[12:16] {Threei}  http://www.realitytrader.com/vad/P6233237bw.jpg
[12:17] {dino} roflol
[12:17] {ese} REE.....Finally!!!!!!!
[12:18] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:18] {ese} wake me when it's over
[12:20] {Threei} Long Setup:  SLW  .75
[12:20] {Threei}  if stays above .70
[12:22] {_edusantos} is this http://www.realitytrader.com/vad/P6233237bw.jpg the new James Bond?
[12:22] {_edusantos} looks fine
[12:22] {Threei}  well, ask me if I orefer shaken or stirred, and you 'll have your answer
[12:23] {_edusantos} lol
[12:23] {Threei}  SPY is about to start making new highs
[12:29] {_carson} i thought u called slw break of .70
[12:29] {_carson} im sure u did but i cant find it now
[12:29] {Threei}  [11:43] {Threei} Short Setup: SLW .58
[12:29] {Threei}  never triggered
[12:30] {_carson} wait lol i made up a trade in my mind
[12:30] {_carson} then ? LOL i made like .07
[12:30] {_carson} hahahaha
[12:30] {_carson} .71 - .78
[12:30] {Threei}  half out
[12:31] {Threei}  scalpers know what to do
[12:31] {jfjf64} jingle jingle
[12:31] {Threei}  lol
[12:33] {_carson} half out
[12:33] {_carson} 85
[12:34] {_carson} out all 85
[12:35] {Threei}  half or all?
[12:35] {Threei}  make up your mind please, I am all confused
[12:35] {_carson} took half
[12:35] {_carson} then rest
[12:35] {_normasue} out slw all
[12:35] {Threei}  not that this state is anything new for me
[12:36] {Threei}  CROX invalidated
[12:36] {_carson} since the stop was only .05...i did 2x position size ...
[12:37] {Threei}  right
[12:37] {Threei}  that's how relation between stop and share size works
[12:37] {Threei}  so ytou keep the same monetary risk
[12:38] {Threei}  yet make trade worth your while even on a smallish move
[12:38] {Threei}  or keep risk down on volatile stocks with wider stops by decereasing size, dino style
[12:39] {_carson} ZAGG
[12:39] {_carson} citron came out
[12:39] {_carson} blasting it
[12:41] {Threei}  ZAGG Incorporated Hearing recent weakness attributed to cautious comments from Citron Research- Citron says ZAGG "is perilously dependent on a single concentrated retail relationship that in Citrons opinion puts it at huge risk of restatement."
[12:43] {_carson} hahah destroyed
[12:52] {dino} cato blood
[12:55] {_carson} XCO
[12:55] {dino} xco drop
[12:56] {_carson} whats the news vadddd
[12:56] {dino} ceo lowers bid to 18.50
[12:56] {Threei}  Exco Resources CEO said to have offered revised $18.50/shr bid for Exco that includes cash and stock; offer is said to lack committed financing - financial press
[12:58] {_carson} hmm
[12:59] {nemo} DDS
[13:04] {Threei}  (US) President Obama: Meeting with Congressional GOP leadership was very constructive, all parties agree that deal must be done before Aug 2nd; parties to meet again on Sunday to offer "bottom line" positions- Staff meetings to continue this week through Sunday.
[13:07] {jfjf64} slw
[13:12] {dino}  zzzzzzzzzzzzzzzzz
[13:12] {Threei}  no such symbol
[13:15] {nemo} FDX
[13:16] {jfjf64} ??
[13:19] {_carson} FDX
[13:19] {_carson} is gonna rock
[13:20] {_carson} its on twitter that break of 98 should bring something
[13:20] {dino} out tmh .82, +.31
[13:22] {_carson} BOOOOOOOOOOOOOOOM
[13:22] {_carson} it broke!
[13:23] {Threei}  my bet is, it's going to shake hard
[13:23] {Threei}  well, it'as abit too narrow for "hard" but still
[13:24] {nemo} twitter...the new Yahoo msg board
[13:24] {Threei}  in fact...
[13:24] {Threei} Short Setup: FDX  98 break
[13:25] {nemo} interesting
[13:27] {_normasue} target objective?
[13:27] {Threei}  can't tell really, lunch time trading is not very pattern-obeying
[13:28] {_normasue} tks
[13:28] {Threei}  if 98 is lost, spike down is likely to be quick
[13:28] {Threei}  so be fast on a trigger, don't chase and be ready to cover into sharp drop
[13:29] {_normasue} ok tks
[13:31] {samire} i am back....you all safe now
[13:31] {Threei}  whew
[13:31] {dino} tzoo drop
[13:32] {samire} Vad.......kick back...relax......enjoy
[13:32] {nemo} what does my safety have to do with your presence
[13:32] {nemo} ?
[13:32] {Threei}  thanks samire
[13:37] {samire} ftnt above .50
[13:37] {samire} long
[13:38] {samire} any other opinion
[13:38] {nemo} ;ppls gppd of ,arlet gpes tpp
[13:38] {nemo} looks good if market goes too
[13:38] {Threei}  stop is obvious on FDX
[13:38] {RonS} ditto what nemo said
[13:39] {Threei}  nemo would be advised to abandion my experience of typing with his fins... doesn't work very well
[13:40] {nemo} think it could drop to.15-.30 area, that's support below here
[13:40] {nemo} AN
[13:40] {samire} cancel ftnt 4 now
[13:40] {nemo} set alert for .30 area
[13:45] {Threei}  no go
[13:45] {nemo} wtf AN
[13:45] {samire} plcm on 2s
[13:47] {dino}  sm l ll .15 stop .89
[13:48] {nemo} market up ftnt down, next stop .20 area, then .05
[13:49] {nemo} ftnt might need a double bottom
[13:50] {samire} plcm
[13:50] {samire} waiting 4 trigger
[13:51] {Threei}  23% Confident Policymakers Know What Theyre Doing About The Economy
[13:51] {Threei}  seriously? 23% are so delusional?
[13:52] {dino} stopped
[13:54] {_normasue} fst short
[13:54] {samire} 33.01 is the new trigger plcm
[13:54] {samire} on 2s
[13:54] {nemo} ftnt getting interesting too
[13:54] {samire} can change
[13:54] {samire} yes
[13:56] {nemo} ftnt broke
[13:59] {_normasue} cover fst
[14:08] {nemo} plcm volume
[14:09] {samire} sold ftnt
[14:39] {Threei}  is it time for slow creep-up jokes?
[14:39] {ese} ya
[14:40] {dino}  indeed
[14:42] {nemo} plcm
[14:45] {ese} Did you heqr the one about the teacher who put iodine on his paycheck because he got a cut in pay?
[14:46] {dino} soda drop
[14:46] {nemo} why did the pervert cross the road?
[14:46] {ese} ?
[14:46] {ese} did nemo get cut off
[14:47] {nemo} dcc'd you ese
[14:47] {ese} didn't work
[14:47] {nemo} I'm waiting for acknowledgement
[14:47] {_edusantos} unfair
[14:47] {nemo} get used to it
[14:48] {ese} lol
[14:48] {_edusantos} lol
[14:49] {nemo} weird, now their is some kind of permission attached to dcc
[14:49] {dino} away
[14:50] {Threei}  just doubleclick for messaging
[14:50] {Threei}  don't use ddc route
[14:50] {Threei}  dcc
[14:50] {_carson} these stocks have RSI approaching 80s
[14:50] {Threei}  it's easy to use for virus sporeading so most ervers block it
[14:50] {_carson} when they gonna fall back down to earth
[14:50] {_carson} LULU
[14:50] {nemo} Vad has a famous quote:  "overboughter"
[14:51] {_carson} SLW
[14:51] {_carson} bam
[14:52] {patience} hft sweeps of hard stops, seems to happen every afternoon with V bounces
[14:53] {_carson} cant believe
[14:53] {_carson} Vad didnt notice SLW
[14:54] {Threei}  oh well
[14:54] {_carson} :)
[14:55] {Threei}  lol... these myths about HFT are eternal
[14:55] {Threei}  I give up on debunking them
[14:56] {dino} gpro spike
[14:56] {_carson} im short SLW
[14:56] {_carson} overnight
[15:02] {_edusantos} bye all and good evening
[15:02] {Threei}  take care edu
[15:02] {dino} cya edu
[15:06] {samire} plcm
[15:08] {_carson} gold has returned 242% in the past 5 years
[15:08] {_carson} 232%
[15:08] {_carson} thats ridiculous
[15:09] {_carson} so why wouldnt i take a million bucks and throw it in and 10 years later
[15:09] {_carson} its 2-3 million
[15:09] {Threei}  imagine what happens when it bursts
[15:09] {_carson} bursts ? u mean busts?
[15:09] {_carson} like falls down ?
[15:10] {Threei}  both... or either
[15:10] {_carson} but doesnt value of gold always go up ?
[15:10] {Threei}  sure... that's what they said about housing
[15:11] {_carson} during the recession
[15:11] {_carson} when stocks fell
[15:11] {_carson} 50%
[15:11] {_carson} gold returned 10%
[15:22] {Threei}  can't find any trade
[15:23] {Threei}  to get back to bubbles and their bursting... we heard the same about oil during its heydays, didn't we... with all the explanations why it was destined to go up and up and up, never looking back
[15:23] {Threei}  when it started retreating from 150, I said it was goingbakc to .60 and likely under... people were pointing fingers at me and laughing
[15:23] {Threei}  didn't take too long for laughter to stop
[15:24] {Threei}  less than half year in fact
[15:26] {Threei} Short Setup: PLCM  .50 break
[15:32] {samire} ocz
[15:33] {dino}  gotta hop, thx all, good time
[15:33] {Threei}  take care dino
[15:37] {samire} go ocz
[15:39] {_carson} oh vad...plcm
[15:39] {_carson} lol played u out .49 low
[15:40] {Threei}  did it ever lose .50?
[15:40] {Threei}  I ust have slept through it
[15:40] {nemo} look at jaso
[15:40] {Threei}  lol
[15:40] {nemo} rebate tradomg
[15:40] {nemo} trading
[15:41] {nemo} got threeish disease
[15:41] {Threei}  pretty much
[15:42] {Threei}  that's the kind of trading HFT guys do
[15:42] {nemo} evil bastids
[15:53] {nemo} alright, I'm blowing this clambake...peace and quiet
[15:53] {Threei}  yeah
[15:53] {Threei}  have a good evening guys, see you tomorrow, hopefully no gap up
[15:53] {nemo} in nomine patre, et fili...wtf sorry
[15:58] {larisa} bye :)

Wednesday, July 6, 2011

Jul 06 2011

6 trades, 5 wins and 1 scratch, as RIMM was saved by the bell. No complaints.


Finished new project, launched at http://www.realitytrader.com/gallery/ . Enjoy!

Session Time: Wed Jul 06 00:00:00 2011

[09:02] {dino} gm all
[09:04] {Threei}  morning dino
[09:07] {Threei}  Facebook's "awesome" announcement is coming today
[09:08] {Threei}  {--- can't wait
[09:08] {nemo} On a more important note:
[09:08] {nemo} What's up with Lindsey Lohan today?
[09:09] {dino} ?
[09:10] {RonS} gm...don't know whether to laugh or cry w/ that q....
[09:10] {Threei}  ron :)
[09:13] {RonS} soda announces building an 850k sp ft plant in israel for $30 mil
[09:13] {RonS} genius or idiocy?...
[09:17] {ese} morning
[09:17] {Threei}  ese :)
[09:18] {ese} didn't do much yesterday....actually nothing......putting in Kitchen cabinets in our house next door and was really distracted yesterday
[09:19] {RonS} wow, just got ad for 19" lcd tv $69...
[09:19] {ese} gotta be a piece of you know what......
[09:19] {RonS} if everything thing in the world was like consumer electronics imagine what a wonderful place it would be
[09:20] {Threei}  lol
[09:20] {RonS} but then the politicians would get a hold of it and screw it up
[09:20] {ese} indeed
[09:21] {samire} gm
[09:21] {Threei}  samire :)
[09:21] {ese} sam
[09:22] {dino} ovti?
[09:22] {Threei}  (IT) Italy official confirms President has signed the austerity bill
[09:22] {Threei}  - NOTE: the details of the final austerity package have yet to be released to the public. The plan is expected to be published by the Italian Treasury within the next few days after a Tuesday press conference on the plan was canceled citing "bad weather."
[09:22] {Threei}  lol
[09:23] {Threei}  OVTI
[09:23] {Threei}  OmniVision Technologies Inc FBR Research making cautious comments- Firms contacts tell us that Omnivision may have missed Apples commercial production deadline for products utilizing their BSI-2 architecture, and thus may have lost the lead supplier status for the image sensor socket to Sony.
[09:23] {RonS} budget showdown getting interesting...seems to me the republicans are screwed either way...
[09:23] {Threei}  seems to me that's our role, ron...
[09:23] {RonS} meant debt limit
[09:24] {dino} thx
[09:25] {dino} petm
[09:26] {RonS} dino, here is link on the full deal...http://notablecalls.blogspot.com/2011/07/omnivision-nasdaqovti-actionable-call.html
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:27] {RonS} $PETM trading down on opening of AMZN's wag.com
[09:27] {patience} gm, another beautiful day
[09:27] {Threei}  morning partience
[09:27] {ese} definitely
[09:28] {RonS} everyone see that dust storm footage from Phoenix?
[09:28] {patience} nope
[09:28] {Threei}  looks like something out of scifi movie
[09:29] {RonS} http://www.breitbart.tv/massive-dust-storm-envelops-phoenix/
[09:29] {nemo} GDX
[09:29] {jfjf64} mornin
[09:29] {Threei}  jf :)
[09:30] {Threei} Short Setup: RIMM  .60 break
[09:31] {Threei}  if stays under .70
[09:31] {Threei}  change to .65 break
[09:31] {Threei}  .75 invalidation
[09:31] {Threei}  invalidated
[09:32] {Threei}  too bad
[09:32] {_edusantos} gm
[09:32] {nemo} rinsearooni
[09:32] {Threei}  edu :)
[09:33] {Threei}  huh?
[09:33] {Threei}  lewt's see if it gives us spike into short point
[09:34] {Threei}  around .65 - .70
[09:34] {Threei}  will be quick if happens
[09:34] {Threei}  in
[09:34] {Threei}  .67
[09:35] {Threei}  half out
[09:35] {Threei}  .57
[09:35] {Threei}  stop .71
[09:37] {Threei}  1/4 out .46
[09:38] {jfjf64} nice
[09:38] {Threei}  stop to .61
[09:40] {dino} sfly sm s .24
[09:40] {Threei} Long Setup:  SLW  .90 break
[09:40] {Threei}  stop under .80
[09:41] {Threei}  RIMM stop to .56
[09:42] {Threei}  half out SLW
[09:43] {jfjf64} nice
[09:43] {Threei}  stop to .85
[09:43] {nemo} big seller .99
[09:43] {Threei}  out RIMM in full .36
[09:43] {jfjf64} you  go  3i
[09:43] {Threei}  away?
[09:43] {Threei}  home?
[09:43] {jfjf64} lol
[09:43] {jfjf64} do  what  ya  do  best
[09:43] {jfjf64} $$$$$
[09:43] {Threei}  oh, sleep
[09:44] {Threei}  aww, RIMM had more in it
[09:44] {Threei}  much more
[09:44] {dino} sfly stop -.30
[09:44] {jfjf64} vol
[09:44] {jfjf64} time  long
[09:45] {jfjf64} ?
[09:45] {samire} Vad...rimm long   ?
[09:45] {jfjf64} rimm
[09:45] {Threei}  no setup yet but close
[09:46] {Threei} Long Setup:  RIMM  .10 break
[09:46] {Threei}  if stays above .05
[09:47] {Threei}  1/4 more out SLW
[09:47] {Threei}  stop to .95
[09:47] {Threei}  RIMM 1:2, half out, scalpers be happy
[09:47] {dino} gj
[09:47] {Threei}  not often you get RIMM entry with 5 cents stop
[09:47] {Threei}  ty
[09:48] {nemo} hold till .40
[09:49] {Threei}  stop .09 RIMM
[09:53] {Threei}  stop .99 SLW
[09:54] {ese} L imgn .99
[09:55] {ese} don't try this at home
[09:55] {jfjf64} lol
[09:56] {nemo} numbers in 4
[09:56] {Threei}  stop .19 RIMM
[09:56] {ese} out 1/2 .08 +.09
[09:56] {ese} balance to break even .00
[09:56] {Threei}  SLW out in full
[09:56] {Threei}  +.30
[09:57] {dino} sm l csh .51
[09:57] {patience} ty vad, slw
[09:57] {Threei}  slw
[09:57] {Threei}  yw
[09:57] {jfjf64} ty
[09:57] {ese} stopped balance imgn +.00
[09:58] {Threei}  carson forgot where the door is?
[09:58] {nemo} you keep moving it
[09:58] {Threei}  done with RIMM
[09:58] {Threei}  should have taken 1:4, BUT .30 BREAK LOOKED SO IMMINENT
[09:58] {Threei}  sorry caps
[09:58] {nemo} watch rimm around .95
[10:00] {Threei}  *(US) JUNE ISM NON-MANUFACTURING: 53.3 V 53.7E
[10:00] {nemo} 53.3 ISM   59.3 exp
[10:00] {_carson} finally wow
[10:00] {_carson} lol
[10:00] {_carson} i keep hitting the door
[10:00] {Threei}  sheesh... missed 3 winning trades carson...
[10:01] {samire} are these good numbers  ?
[10:01] {_carson} yeah i saw... could you recap for me quickly and ill go look over charts ... thanks that way i dont have to wait end of day
[10:01] {Threei}  you should have them in #floor
[10:01] {jfjf64} carson  askin  lots
[10:01] {jfjf64} lol
[10:01] {_carson} i missed SLW 1:3 :o
[10:01] {jfjf64} lol
[10:02] {nemo} suck it up johnny
[10:02] {Threei}  not good samire, but not bad enough to really do much harm
[10:03] {_carson} not there VAD...only goes back about 15 mins for me
[10:03] {Threei}  OK, I'll dcc them to you not to clutter the room
[10:04] {_carson} thanks
[10:05] {jfjf64} be  honest  3i  you  dontt wanna  piss off   nemo
[10:05] {Threei}  no
[10:05] {Threei}  nor you
[10:05] {jfjf64} ty
[10:05] {Threei}  but most of all, I am afraid of larisa
[10:06] {jfjf64} yes  yes
[10:06] {larisa} can you invent  new joke?  it is time :)
[10:06] {RonS} lol
[10:06] {jfjf64} joke
[10:07] {patience} june ism falls to 53.3
[10:07] {Threei}  I tried larisa... not very successful
[10:07] {Threei}  not that old ones are very funny either...
[10:07] {_carson} wow
[10:07] {_carson} vad u really hit that out of the park
[10:07] {RonS} guess patience misses dave...
[10:08] {Threei}  rofl ron
[10:08] {Threei}  I just got it
[10:08] {Threei}  slow a bit
[10:08] {Threei}  carson... that's usually how it goes... last few days were rather exception
[10:08] {_carson} damn...pissed a $1000 half hour
[10:08] {_carson} lol
[10:08] {_carson} missed*
[10:09] {Threei}  well, that's the price of forgetting where the door is... {G}
[10:09] {_carson} hahaha :D
[10:09] {Threei}  jf used to do that a lot
[10:09] {dino} kci spike
[10:09] {Threei}  now he just doesn't leave without inserting his shoe in the door, so it doesn't close
[10:10] {jfjf64} lol
[10:11] {_carson} last couple days..ive been logging in night before so i dont have trouble in morning
[10:11] {_carson} i didnt last night
[10:11] {Threei}  see... jf got right answer
[10:11] {Threei}  never leave
[10:12] {jfjf64} careful  at  night time
[10:12] {jfjf64} gld spike
[10:12] {Threei} Short Setup: RIMM  .10 break
[10:12] {RonS} Kinetic Concepts $KCI said to be in talks on PE buyout -Bloomberg
[10:12] {Threei}  halted
[10:13] {RonS} $KCI circuit breaker
[10:13] {Threei}  invalidated
[10:13] {samire} kci halted ?
[10:14] {Threei}  yes samire
[10:14] {_carson} ya
[10:14] {samire} ok
[10:15] {jfjf64} in .18
[10:15] {jfjf64} agg
[10:16] {jfjf64} dieeeeeee
[10:18] {RonS} eur lod
[10:20] {jfjf64} someone  defending
[10:21] {RonS} kci 5.45 mil sh short....getting lit up...
[10:22] {Threei}  hal;f out jf
[10:23] {jfjf64} off course
[10:23] {RonS} wow eur went down .7 of a cent in 5 min
[10:23] {jfjf64} you in
[10:23] {Threei}  no
[10:23] {Threei}  it's all yours
[10:23] {jfjf64} ty sir
[10:23] {jfjf64} ill make  ya proud
[10:24] {jfjf64} and  me  $$
[10:24] {Threei}  you are all grown up... (whiping happy tear)...
[10:24] {jfjf64} who  says
[10:24] {_carson} how about X
[10:24] {_carson} a bounce ?
[10:24] {Threei}  X isn't grown up...
[10:24] {Threei}  oh, a trade you mean
[10:25] {dino} wprt sm l .65
[10:25] {samire} took pen on 5s
[10:25] {jfjf64} out
[10:25] {_carson} haha yeah
[10:25] {Threei}  need one more little pullback to establish double bottom
[10:25] {samire} 5 min chart
[10:25] {jfjf64} vol spike
[10:25] {jfjf64} ty
[10:26] {Threei}  (EU) Moody's summarizes expectations for Europe stress tests from the EBA; sees 26 banks failing stress tests
[10:26] {Threei}  - Notes 1/3 of the 91 banks could fail the stress tests vs the 15% expectation last week from financial press citing sources (15 of the estimated 91 banks)
[10:27] {RonS} rumour:  moody's contemplates name change to:  moody waters
[10:28] {jfjf64} like
[10:28] {Threei}  there is a war brewing between rating agencies and Europe
[10:28] {dino} lol
[10:28] {ese} ha ha.....
[10:30] {RonS} Canada Industry Minister To Look At Nortel Patent Sale       07/06 08:29 AM
[10:30] {_carson} out X 1/2 @ +.30 and 1/2 @ +.38
[10:30] {_carson} whew
[10:30] {_carson} still going higher
[10:31] {RonS} gj
[10:31] {_carson} thx
[10:31] {Threei}  nice one
[10:32] {_carson} ty
[10:32] {_carson} and thats all it takes...think i might be done for day soon
[10:35] {Threei}  (US) White House: Sees enough republican and democratic support to pass cuts in tax breaks to pass a deficit deal
[10:35] {dino} wprt to .95
[10:38] {dino} wprt to .05
[10:41] {jfjf64} jf  grrrrrrrrrrrrrr
[10:41] {jfjf64} rimm
[10:42] {dino} csh last try sm l .05
[10:43] {dino} out wprt .05, +.40
[10:44] {_carson} RIMMMMMMMMMMM
[10:45] {nemo} V
[10:46] {Threei} Short Setup: FCX  .80 break
[10:47] {Threei}  inversed C&H
[10:47] {Threei}  can be on and off a few times
[10:47] {dino} bcpc to .50
[10:47] {Threei}  as .90 gets broken
[10:47] {Threei}  off for now
[10:49] {_carson} whatchu mean of?
[10:50] {_carson} so no setup right now ?
[10:50] {Threei}  invalidated
[10:50] {Threei}  but can reestablish itself if re-consolidates under .90
[10:50] {dino} bcpc to .64
[10:52] {dino} to .75
[10:55] {dino} out bcpc .75, +.80
[10:57] {RonS} gj, never saw entry...
[10:57] {dino} yesterday leftover
[10:58] {RonS} ah...
[11:07] {_carson} just picked up +0.54 on ETR
[11:08] {RonS} ese...bummed out we missed BORN
[11:10] {nemo} which one, Identity Supremacy Ultimatum Redundancy
[11:11] {RonS} hehe
[11:11] {RonS} none, the shoes...
[11:11] {_carson} SLW - new highs
[11:11] {RonS} quote of the day:  drinking $SODA cool aid flavor. mmmmmm its so good.
[11:12] {Threei}  RIMM... just can't raise its head, it seems
[11:16] {dino} ah spike
[11:18] {RonS} ah...ibd stock of day yesterday
[11:18] {dino} ty
[11:18] {dino} not avail cyber
[11:19] {dino} cnw spike
[11:19] {RonS} short squeeze...15% float short...5.66 mil sh
[11:19] {RonS} ah...
[11:20] {nemo} ovti big volume candle
[11:20] {ese} hey ...ron...have a massive headache from working in the sun yesterday...ya just looked at born
[11:21] {ese} would have been a good one
[11:21] {dino} sm s cnw .40
[11:22] {jfjf64} fdx  ups  runnin
[11:23] {RonS} in .56 sm s cnw
[11:23] {nemo} jeez
[11:23] {nemo} I'll be back later
[11:23] {jfjf64} somethin  i said
[11:24] {RonS} bunny musta talked back to him...
[11:24] {jfjf64} lol
[11:26] {RonS} out cnw .16  +.40  thanks dino
[11:28] {RonS} some reporting broad trucking stock call buying
[11:28] {dino} gj
[11:29] {RonS} just checked...it's bs...
[11:30] {dino} ty, wall at .00
[11:37] {Threei}  (EU) EU Regulatory ministers note that a suspension on ratings from ratings agencies could be implemented for those countries receiving bailouts
[11:37] {Threei}  - Reminder: The EU commission earlier had called for a break up of ratings agencies and claimed ratings agencies are generating uncertainty, not clarity; noted Moody's Portugal decision highlights the questionable decisions of the ratings agencies
[11:37] {dino} cnw cov .25, +.15
[11:37] {dino} lol, 3i, moodys finally does its job and they are upset
[11:38] {Threei}  yeah, and get this:
[11:38] {RonS} this is really hilarious...
[11:38] {Threei}  they call for creation of Europe-based agency as solution
[11:38] {dino} \lol
[11:38] {Threei}  read: one that WE can tell who and how to rate
[11:38] {RonS} why not Chinese?...or Ryssian?
[11:38] {dino} none of the accounting rules count anymore
[11:38] {RonS} russian
[11:39] {Threei}  never mind btw that Fitch is majority-wned by Paris-based company
[11:39] {Threei}  Ron, Russian one is easy to answer - because the world is not very familiar with liquid currency as measuring standard
[11:39] {dino} give them false ratings and sell to public, just like mbs fraud
[11:40] {Threei}  folks, little pause if I may,
[11:40] {RonS} huge seller here in es futes
[11:40] {Threei}  want to introduce a new project of mine,
[11:40] {Threei}  pratcically finished, not public yet,
[11:40] {Threei}  so it's a sneak preview:
[11:40] {Threei}  http://www.realitytrader.com/gallery
[11:41] {Threei}  after working over a year on a Taoist Trader, wanted to make a lateral move :)
[11:41] {Threei}  and do something for the soul
[11:45] {dino} cnw sm s .52
[11:50] {RonS} truly marvelous 3i...you should be proud
[11:51] {jfjf64} very nice
[11:51] {RonS} particularly appreciative you showed typical weather
[11:51] {RonS} :D
[11:52] {dino} cnw stop .76, -.24
[11:52] {Threei}  thanks guys
[11:52] {dino} nice job 3i
[11:52] {dino} ron, cnw, whers top?
[11:52] {Threei}  creation of the site with full mechanics of commerce with zero webdesign knowledge... lol
[11:53] {RonS} ya got me...these take on a life of their own...
[11:53] {dino} i know, but we are here to destroy that life
[11:54] {dino} sm s .85
[11:56] {jfjf64} mon  runnin
[12:13] {dino}  stop cnw, wtf
[12:21] {Threei} Short Setup: SLW  36 break
[12:34] {dino}  last try sm s cnw .99, stop hod
[12:47] {RonS} lol...149 p/e...sounds about right...cnw
[12:50] {dino} vocs spike
[13:02] {dino}  csh to .20
[13:03] {dino} to .25
[13:04] {dino} to .30
[13:06] {dino} to .35
[13:09] {dino} to .40
[13:11] {dino} to .50
[13:11] {RonS} cna the dial up...to .60
[13:11] {RonS} can
[13:12] {RonS} :D
[13:13] {RonS} ...the Hughes satellite broadban service is pretty good...only a little latency
[13:14] {dino} out csh .56, +1.51
[13:14] {RonS} http://www.hughesnet.com/
[13:14] {RonS} gj dino
[13:15] {dino} ty, heck of a ride
[13:19] {ese} hey all have a great rest of the day.....believe it or not i called into work today...even though it's summer holidays
[13:19] {ese} catch you tomorrow
[13:19] {RonS} cya ese
[13:20] {Threei}  take care ese
[13:21] {dino} cya es
[13:22] {Threei} Short Setup: RIMM  28 break
[13:25] {Threei}  Facebook introduces video calling service
[13:25] {Threei}  (US) House Majority Leader Cantor (R-VA): Open to closing business deductions as part of the overall deficit reduction deal, so long as they were offset by other tax cuts
[13:25] {Threei}  lol
[13:26] {Threei}  if they are offset, how does it reduce deficit?
[13:27] {RonS} Hearing $S Could Be Getting the iPhone for Its Network via @Benzinga
[13:31] {RonS} Skype and Facebook have teamed up to make it easier
[13:32] {RonS} than ever to stay in touch. Instant message, import your
[13:32] {RonS} newsfeed, comment and ‘Like’ all from within Skype
[13:34] {RonS} ...and rimm ticks up...what the heck...
[13:34] {dino} bpi spike
[13:36] {RonS} bpi 17% float short...8.7 mil sh
[14:20] {nemo} btw...those frickin' eagles are huge
[14:21] {nemo} spy near vwap
[14:23] {Threei}  RIMM 1:2
[14:23] {Threei}  that's 5 for 5 today if I am not mistaken
[14:34] {RonS} sm l clw 66.40
[14:36] {dino} rig drop
[14:40] {RonS} imagine that...clw is a pulpy stock...
[14:40] {dino} yeah, blew that one
[14:43] {_carson} lol
[14:43] {_carson} 1 hour later
[14:44] {RonS} hey, why buy clw at p/e of 10 when you can have cnw at 166?
[14:45] {dino} the efficeint market
[14:45] {_carson} well vad
[14:45] {_carson} the pressure's on tomorrow...gotta make the cash money like today
[14:45] {_carson} haha :D
[14:45] {Threei}  hmmm
[14:45] {Threei}  see, I can't win
[14:45] {_carson} lol im 0 for 0
[14:45] {_carson} :P
[14:46] {Threei}  if I have lacklustre day, you say "have to compensate tomorrow"
[14:46] {Threei}  if I have 100% day, like today, you say "gotta repeat tomorrow"
[14:46] {RonS} it'll happen ...if you don't show carson...
[14:46] {RonS} :D
[14:46] {RonS} murphy deal ya know...
[14:47] {_carson} hahahah
[14:47] {_carson} yeah exactly
[14:47] {_carson} vad..just interesting
[14:47] {_carson} u called SLW 36 break
[14:47] {_carson} and it went 10 cents sure right
[14:47] {Threei}  yes, for 1:1
[14:47] {_carson} it broke 36 2nd time
[14:47] {_carson} booom
[14:47] {_carson} 1:3+ or something
[14:47] {Threei}  yes
[14:47] {_carson} 1:3.5 ... thats cool
[14:48] {_carson} how come you didnt call it 2nd time
[14:48] {Threei}  because if you zoom in on both you'll see this:
[14:48] {Threei}  first time it formed a setup, by consolidating near support
[14:49] {Threei}  and second, it just dropped into support vertically, from about .13, and broke it without as much as a few min of consolidation
[14:49] {_carson} u like consolidation then break ?
[14:49] {Threei}  this is not a setup, chasing into such sharp moves ends into whipsaw more often than not
[14:50] {_carson} ok vad
[14:50] {_carson} im gonna call it a day
[14:50] {_carson} was a potential $1500 day but coulda shoulda woulda...haha ..hopefully tomorrow is even 50% of that and ill be ecstatic :)
[14:51] {dino} ron you said it "pulp"
[14:54] {dino} hii spike
[14:56] {RonS} out clw 66.92  +.52  thanks dino
[14:56] {RonS} rig trippin
[14:56] {RonS} RIG Stock Drops Following Report Transocean Marianas Rig In Danger Of Sinking http://is.gd/rvK3WW
[14:56] {dino} gj
[14:57] {RonS} $RIG Company statement that "rig is stable at this time" is not exactly an overwhelming endorsement that everything is fine.
[15:02] {RonS} $RIG rig is stable "at this time", but sounds like they have an issue because they evacuated all non-essential personnel
[15:02] {jfjf64} MON
[15:03] {jfjf64} .50
[15:03] {jfjf64}  Break
[15:03] {RonS} a rig has had water ingress and non-essential personnel evacuated
[15:03] {jfjf64} s
[15:03] {jfjf64} ?
[15:05] {Threei}  10 min old news
[15:05] {Threei}  rig has been stabilized
[15:06] {RonS} said same about Macondon
[15:06] {Threei}  too bad it's so volatile
[15:06] {RonS} macondo
[15:06] {Threei}  would be a nice play for bounce
[15:06] {jfjf64} .50 wall
[15:08] {jfjf64} bounce it was
[15:08] {_edusantos} bye all. see you tomorrow
[15:08] {Threei}  take care edu
[15:09] {_normasue} am i aloud to talk?
[15:09] {Threei}  sure
[15:09] {Threei}  everyone is
[15:09] {_normasue} thank you great trade on Rig thanks
[15:10] {Threei}  you took it long?
[15:10] {RonS} ...is this samire in disguise?...
[15:10] {_normasue} i traded it six times long -short- long shor
[15:10] {RonS} :)
[15:11] {_normasue} i am new
[15:11] {RonS} just kidding...
[15:11] {samire} 123
[15:11] {RonS} ?
[15:14] {dino} 7ate9
[15:15] {Threei}  let's see if RIMM provides us with one more short
[15:15] {RonS} 7 of 9
[15:15] {dino} borg?
[15:15] {Threei} Short Setup: RIMM  .70 break
[15:17] {Threei}  if stays under .80 of course
[15:24] {dino} cov cnw .85, +.14
[15:25] {jfjf64} kicked  off
[15:25] {jfjf64} comon  3i
[15:25] {Threei}  well, you might want to watch your behavior next time
[15:25] {Threei}  I mean, I have no idea what you did to get kicked out, but you must have done something, right?
[15:25] {jfjf64} rimm still on
[15:25] {Threei}  yes
[15:26] {_normasue} alot of refressing at .71
[15:26] {RonS} sick 'em jf
[15:26] {jfjf64} dieeeeeeeeeeeeeee
[15:26] {RonS} yesssssss
[15:27] {RonS} it's goofy but i luv that...
[15:28] {jfjf64} it  works
[15:29] {jfjf64} lol
[15:29] {dino} lol jf
[15:29] {jfjf64} sick  mind
[15:29] {dino} reminds me of magoo
[15:31] {jfjf64} violence  3i
[15:34] {dino} gotta hop, tee time in 30
[15:34] {dino} thx all, good time, much better day for me
[15:34] {Threei}  have fun dino
[15:34] {dino} will do
[15:36] {_normasue} short @.69
[15:37] {Threei}  new lows RIMM
[15:39] {RonS} 7.8 earthquake off coast of New Zealand ....
[15:44] {samire} any play on rimm ?
[15:45] {Threei}  ?
[15:45] {samire} long ?
[15:46] {Threei}  we are still short from .70 break
[15:46] {samire} just logged in
[15:50] {Threei}  let's tighten stop to .76, time is running out
[15:53] {_normasue} out .67
[15:58] {Threei}  scratching it too
[15:58] {Threei}  too abd
[15:58] {Threei}  RIMM's saved by the bell, lol
[15:58] {Threei}  OK folks, thank you all
[15:58] {Threei}  have a nice evening, see you tomorrow
[16:00] {larisa} bye :)
[16:00] {_normasue} good night thank you

Tuesday, July 5, 2011

Jul 05 2011

Typical summer trading - very boring and mostly flat day.

Session Time: Tue Jul 05 00:00:00 2011
[08:45] {dino> gm all
[08:45] {Threei>  morning dino
[09:07] {_edusantos> gm
[09:08] {Threei>  edu :)
[09:10] {samire> gm
[09:10] {Threei>  samire :)
[09:16] {ese> good morning
[09:17] {Threei>  ese :)
[09:17] {larisa> gm :)
[09:17] {Threei>  larisa :)
[09:17] {ese> vad laris
[09:17] {larisa> vad, ese :)
[09:18] {Threei>  what's with SLW
[09:20] {patience> gold is up huge, silver up
[09:20] {Threei>  so, everyone had great long weekend?
[09:20] {RonS> gm...price of silver, slv?
[09:20] {patience> unbelievable
[09:20] {Threei>  food? fireworks? fishing?
[09:20] {ese> i'm here to report this morning that there is a shiskabob barbecuing genius amongst us........not only that he's a pretty good trader too
[09:20] {patience> shish kabob was fantastic
[09:21] {patience> ty vad, didn't have to eat on sunday, was still full from shish kabob ...is there any left?
[09:21] {Threei>  you are welcome, and no
[09:21] {Threei>  :)
[09:21] {ese> very very good question?
[09:21] {patience> none for you ese
[09:21] {ese> rats
[09:21] {patience> btw ese, watched you and band perform downtown
[09:21] {patience> was wonderful, big crowd
[09:21] {Threei>  high protein diet, you know... I had it for breakfast, lunch, dinner and supper
[09:22] {ese> lol
[09:22] {ese> ya well........i'd have it too when it tastes that good
[09:23] {Threei>  (GR) Netherlands Fin Min reiterates that must prevent a credit event for Greece
[09:23] {Threei>  good luck with that
[09:23] {ese> ya i'll say
[09:23] {Threei>  they try hard to come up with another name for default, but rating agencies get in the way, by saying that whatever they call it, they will still consider it credit event
[09:24] {nemo> weird...how can IWM be down and TNA up?
[09:25] {Threei>  that's nothing nemo... the day you see both TNA and TZA up - that's when I will join you in amazement
[09:27] {nemo> that's wrong...what do you guys have for IWM TNA quotes
[09:28] {_carson> gm
[09:28] {Threei>  carson :)
[09:28] {nemo> What are your quotes Vad, this ain't right
[09:28] {Threei>  IWM -.23
[09:28] {nemo> yeah and
[09:28] {Threei>  TNA +.14
[09:28] {nemo> that can't be right
[09:28] {jfjf64> mornin
[09:29] {Threei>  jf :)
[09:29] {_carson> wow oil up huge
[09:32] {Threei> Long Setup:  SLW  .60 break
[09:33] {Threei>  invalidated
[09:33] {nemo> ,35 pivot support
[09:34] {Threei>  ty, let's watch for double bottom around .40
[09:34] {Threei> Short Setup: RIMM  .40 break
[09:35] {_carson> .50 stop ?
[09:35] {Threei> Long Setup:  SLW  .45 break
[09:35] {Threei>  stop under .35
[09:35] {Threei>  RIMM, if stays under .50
[09:36] {Threei>  invalidated
[09:36] {Threei>  SLW 1:1
[09:36] {_carson> OMG DAMN
[09:36] {_carson> i shorted SLW by mistake
[09:36] {Threei>  ?
[09:36] {_carson> omg
[09:36] {_carson> i had my rimm preview
[09:37] {Threei> Short Setup: RIMM  .50 break
[09:38] {Threei>  invalidated
[09:38] {Threei>  you are about b/e on SLW
[09:38] {Threei>  get out
[09:39] {Threei> Long Setup:  FCX  .80 break
[09:40] {_carson> yeah
[09:40] {Threei>  if loses .70, next area for entry is under .60
[09:40] {jfjf64> sndk
[09:40] {jfjf64> .80 break
[09:40] {jfjf64> s
[09:40] {Threei>  invalidated, watch for .50 - .60 setup
[09:41] {patience> in tza
[09:42] {Threei> Long Setup:  FCX  .60 break
[09:42] {Threei>  if holding .50
[09:43] {Threei>  not a scalp
[09:43] {Threei>  target .85 - .95
[09:43] {patience> in su.to  (suncor)
[09:44] {Threei>  3 partials
[09:44] {_carson> its showing weakness
[09:44] {_carson> how do you project ur exits
[09:45] {dino> goro sm l .00 stop .73
[09:47] {nemo> factory numbers at 10
[09:47] {jfjf64> .68
[09:47] {Threei>  1:1, first part out
[09:47] {jfjf64> move out
[09:47] {dino> goro stopped
[09:47] {jfjf64> yes
[09:47] {Threei>  stop to .55
[09:48] {_carson> same here
[09:48] {_carson> ty vad
[09:48] {Threei>  yw
[09:48] {_carson> i would be very nicely into the green if not for that SLW wrong selection....lol
[09:48] {_carson> geez
[09:49] {dino> open spike
[09:49] {Threei>  mistakes happen... make a point to watch for this kind of error, and move on
[09:49] {nemo> HAL
[09:49] {jfjf64> watchin
[09:50] {nemo> blew through on me
[09:50] {jfjf64> wow
[09:51] {_carson> look at SLW run vad
[09:52] {Threei>  yeah... showed no setup for another entery
[09:53] {Threei> Short Setup: RIMM  .50 break
[09:53] {dino> goro rinsed
[09:54] {_carson> die rimmmmmm
[09:55] {dino> azz sm s .30 stop hod
[09:55] {Threei>  {RIMM> meanie... :(
[09:57] {nemo> numbers in 2 minutes, I'd scratch
[09:58] {_carson> which ones nemo
[09:58] {Threei>  was 1 cent to 1:1... I'd trail stop to .55 rather than scratching
[09:59] {_carson> buying going on
[09:59] {samire> took fcx long on 1 min chart
[09:59] {samire> @ .47
[10:00] {samire> made my day
[10:00] {nemo> Factory Orders
[10:00] {Threei>  good one samire
[10:00] {Threei>  bad numbers
[10:00] {samire> thanx
[10:00] {Threei>  1:1 RIMM
[10:00] {Threei>  *(US) MAY FACTORY ORDERS: 0.8% V 1.0%E
[10:01] {Threei>  stop to .51 if partialing
[10:04] {Threei> Long Setup:  FCX  .70 break
[10:05] {Threei>  invalidated
[10:05] {_carson> that thing is really swinging today
[10:07] {Threei> Long Setup:  FCX  .65 break
[10:07] {Threei>  stop under .55
[10:10] {jfjf64> break wedge  fcx
[10:10] {_carson> whats that mean
[10:10] {_carson> ty
[10:10] {jfjf64> dont  mind  me carson
[10:10] {_carson> i see wedge..and i guess break it ?
[10:10] {Threei>  nothing really carson... jf just puts random words together
[10:11] {jfjf64> ty
[10:11] {Threei>  learned that from nemo
[10:11] {jfjf64> correct
[10:11] {Threei>  both do that to haunt me
[10:11] {jfjf64> my mentor
[10:11] {nemo> ?
[10:11] {_carson> this thing cant catch a bid
[10:11] {_carson> it disappears like poof on the L2
[10:12] {jfjf64> poof
[10:12] {dino> jazz spike
[10:13] {dino> goro sm l .75
[10:14] {Threei>  .70 break should catapult FCX
[10:14] {_carson> yeah if we get there...hopefully
[10:15] {jfjf64> steady vol
[10:16] {_carson> you dont think this is a revesal day for the market...i mean FCX has run big too
[10:16] {dino> out goro .10, +.35
[10:16] {nemo> market might just work this off sideways
[10:16] {Threei>  no go
[10:17] {Threei>  I've no idea carson
[10:17] {Threei>  and belive me, no one else does
[10:26] {Threei> Long Setup:  TNA  .80 break
[10:26] {Threei>  stop under .70
[10:27] {Threei>  1;1
[10:27] {nemo> hold ut until spy gets to .70 or so
[10:27] {jfjf64> go vad  go vad
[10:28] {Threei>  as long as you don't add "away"...
[10:28] {nemo> how about "home"?
[10:28] {Threei>  1:2
[10:28] {Threei>  that I like
[10:28] {_carson> damn
[10:28] {Threei>  gosh.... carson, do you have to curse every winning trade of mine?? :)
[10:29] {_carson> goo TNA
[10:29] {Threei>  out
[10:30] {nemo> no no no
[10:30] {dino> lol
[10:30] {Threei>  watching TZA for entry
[10:30] {Threei>  want it closer to .10
[10:30] {Threei>  possibly under
[10:30] {nemo> fcx .25
[10:31] {_carson> TNA 1:5 from your call
[10:31] {nemo> 1/4 more tna here
[10:31] {nemo> 1/2 out fcx
[10:31] {Threei>  nice management nemo
[10:32] {nemo> VAD my entry and yours hit exactly
[10:32] {Threei>  cool :)
[10:32] {nemo> tying to get .45 for last part
[10:32] {Threei>  hope you get it, then I'll get my perfect TZA entry
[10:36] {dino> hsp sm l .45
[10:36] {_carson> lol @ RIMM
[10:36] {nemo> stop below .20 last half fcx
[10:36] {_carson> nice and slow rimm
[10:36] {nemo> stop below 85 last TNA
[10:37] {nemo> watching spy out going below .63
[10:37] {nemo> out tna
[10:38] {nemo> oops, maybe rinse tna
[10:40] {nemo> might add fcx above .40
[10:40] {nemo> yeah .42
[10:41] {nemo> stop .29
[10:46] {nemo> 1/4 more original lot .46
[10:46] {samire> Vad.....CCJ  ????where is a good entery ?
[10:46] {jfjf64> nice nemo
[10:46] {nemo> took .50 on 2nd lot...that was lucky
[10:46] {jfjf64> nflx
[10:46] {jfjf64> ignor
[10:46] {nemo> rinsed on last of tna
[10:47] {Threei>  should be soon, samire
[10:47] {Threei>  not yet
[10:47] {nemo> stop .39 fcx
[10:48] {_carson> wow nice trade nemo
[10:48] {nemo> busy trade, not sure how nice it was
[10:48] {Threei>  crasp... TZA just refused to dive under .10
[10:49] {nemo> .12 is vwap Vad
[10:49] {_carson> TNA entry ?
[10:53] {nemo> tna here
[10:53] {samire> looking to go long ccj above .21
[10:53] {samire> 5 min chart
[10:53] {samire> what do u think Vad ?
[10:54] {Threei>  nah
[10:54] {Threei>  not delighted
[10:54] {samire> ok
[10:54] {_carson> vad
[10:54] {_carson> lol
[10:54] {_carson> RIMM
[10:54] {_carson> 29 break?
[10:54] {_carson> its never broken its previous 2s high by much
[10:54] {Threei>  too perfect chart, RIMM
[10:55] {Threei>  I prefer to wait while those that go for obvious get killed, then get in on a rinse
[10:55] {_carson> ok :)
[10:56] {Threei>  that dive under 29 shook out first portion of bottom hunters
[10:57] {Threei>  if there are more of them still hanging, anther shake is to follow,
[10:57] {Threei>  if not, .10 break will be long trigger
[10:57] {_carson> when do u go short though
[10:57] {Threei>  short?
[10:58] {Threei>  I am not shorting RIMM here
[10:58] {nemo> too much support from yesterday
[10:58] {_carson> kkk
[10:58] {jfjf64> yup
[10:58] {Threei>  it's trying to bottom out and reverse
[10:59] {Threei>  only question is, do it here or kill some more premature bottom fishers
[10:59] {Threei>  CCJ starts looking better samire
[10:59] {samire> please advice
[10:59] {Threei>  probably ready
[11:00] {Threei> Long Setup:  CCJ  .20 break
[11:00] {Threei> Long Setup:  RIMM  .10 break
[11:00] {Threei>  actually
[11:00] {Threei>  .05 break
[11:00] {Threei>  let's keep it tighter and more agressive
[11:01] {Threei>  .95 is invalidation
[11:04] {Threei>  invalidated
[11:04] {_carson> tough to go bottom fishing
[11:04] {_carson> SPY new lows
[11:05] {Threei>  no trigger, no harm
[11:06] {Threei>  CCJ no go
[11:08] {Threei> Long Setup:  TZA  .45
[11:13] {Threei>  needless to say, invalidated
[11:19] {Threei>  missed RIMM reversal
[11:19] {Threei>  decent double bottom
[11:20] {Threei>  if nothing else, look at 1 min for educational purposes
[11:21] {dino> ntct sm l .75
[11:21] {Threei>  first bottom is outside of BBs, second is inside, nice tails on both
[11:21] {Threei>  volume is lower on second one
[11:21] {pragmatic> BB?
[11:21] {Threei>  bollinger bands
[11:22] {pragmatic> ah, ok
[11:25] {samire> PTIE
[11:27] {jfjf64> ccj  rince
[11:27] {dino> vhi spike thin
[11:30] {dino> hhc sm s .12
[11:38] {ese> . i'm still here
[11:55] {samire> how is tza here  ?
[11:55] {Threei>  not really liking it
[11:56] {Threei>  if SPY breaks .80, it will kill TZA
[11:58] {jfjf64> slw  steady  grind  up
[12:10] {Threei>  see TZA?
[12:14] {samire> yes
[12:29] {samire> lunch slow down
[12:31] {samire> look at PTIE
[12:40] {samire> no easymoney todAY
[12:42] {dino>  nope
[12:42] {Threei>  morning looked fine to me
[12:44] {samire> i am slightly green
[12:45] {samire> r u green Vad ?
[12:45] {Threei>  I traded my calls
[12:45] {Threei>  do they show green?
[12:46] {samire> not sure...could not catch all
[12:53] {jfjf64> lulu  d top
[12:53] {jfjf64> nop
[12:53] {jfjf64> e
[12:54] {Threei> Long Setup:  TZA  33 break
[12:55] {Threei>  would correspond with SPY breaking .80
[13:08] {Threei>  invalidated
[13:09] {nemo> iwm and spy likely to test today's high if not Friday's
[13:12] {Threei>  be back in 20
[13:35] {Threei>  back
[13:36] {Threei>  not much changed eh?
[13:36] {jfjf64> lol
[13:38] {dino> ilmn spike
[13:41] {dino> sm s .65
[13:42] {dino> stopped
[13:45] {Threei>  22% View Geithner Favorably
[13:45] {Threei>  they must be those who are not sure who he is?
[13:46] {Threei>  53% Favor Repeal of Health Care Law As Expectation of Repeal Hits New High
[13:46] {jfjf64> plays 1st base for red sox   correct
[13:47] {nemo> Adrian Gonzalez
[13:48] {jfjf64> ahh thought geithner
[13:48] {jfjf64> my wrong
[13:48] {nemo> understatement
[13:50] {dino> another rinse
[13:51] {nemo> that time of the year again
[13:55] {_carson> NFLX today...wow
[13:56] {_carson> TNA...had at $84.80 ... lol Vad...dayyeemm big movers
[13:56] {_carson> took that loss on CCJ ..what a bounce
[13:57] {jfjf64> afraid  to  l;ook
[13:57] {_carson> .40
[13:58] {_carson> lol every losing trade would now be in green...lol what a day
[14:03] {Threei>  *(PO) MOODY'S DOWNGRADES PORTUGAL
[14:05] {dino> shocking
[14:06] {patience> surprising don't you think
[14:06] {dino> indeed
[14:06] {nemo> yeah, bfd..this is just to flush stops
[14:06] {patience> yup, i'm thinking the same nemo
[14:07] {nemo> spy holding
[14:17] {nemo> spy vwap .74
[14:22] {Threei>  detauils of downgrade are grim
[14:23] {_carson> wowwww
[14:23] {Threei>  FOUR NOTCHES TO Ba2 from Baa1, now JUNK STATUS; outlook Negative
[14:23] {_carson> SPY is just diving like a mad cow
[14:23] {_carson> time to short?
[14:23] {Threei>  Downgrade places Portugal in "Non-Investment Grade Speculative" category
[14:23] {Threei>  growing risk that Portugal will require a second round of official financing before it can return to the private market, and the increasing possibility that private sector creditor participation will be required as a pre-condition.
[14:24] {Threei>  Heightened concerns that Portugal will not be able to fully achieve the deficit reduction and debt stabilisation targets set out in its loan agreement with the European Union (EU) and International Monetary Fund (IMF) due to the formidable challenges the country is facing in reducing spending, increasing tax compliance, achieving economic growth and supporting the banking system
[14:29] {Threei> Short Setup: RIMM  .65 break
[14:31] {_carson> load up the boat short
[14:32] {dino> cov hhc .08. +.04
[14:33] {_carson> Vad, what does it mean when a price point gets flooded with trades like that
[14:33] {_carson> 28.63
[14:33] {_carson> lots of 100 share lots in like 1 second
[14:37] {dino> bcpc sm l .95
[14:41] {Threei>  nothing...
[14:41] {Threei>  just trades
[14:42] {jfjf64> still in  rimm
[14:44] {Threei>  nope
[14:45] {_carson> wouldve been a green day if i wasnt stupid :)
[14:55] {samire> back
[15:13] {_edusantos> bye all. see you tomorrow
[15:13] {Threei>  take care edu
[15:29] {Threei>  (US) President Obama to make brief speech at 16:40ET today with regards to status of deficit talks
[15:29] {nemo> barring political moves, gap up tomorrow
[15:31] {_carson> whys that nemo
[15:31] {dino> as usual,  he will most likely be scolding the republicans
[15:32] {nemo> looking at the charts, they needd to test recent swing highs
[15:33] {nemo> all your trend lines are still intact
[15:34] {nemo> in spy likely to pull back to support in the .40-.70 area after that
[15:34] {nemo> then with earnings next week, launch pad is set
[15:35] {nemo> here's spy: http://www.freestockcharts.com?emailChartID=e8b12147-f1c9-444e-a989-4ba933364188
[15:35] {nemo> Here's IWM: http://www.freestockcharts.com?emailChartID=d5e8fe9b-63ca-421b-9768-47bd0e9b816f
[15:36] {nemo> wpp=weekly pivot mpp=monthly pivot qpp=quarterly pivot spp=semesterly pivot.  They all changed last week, and they are very close together
[15:37] {nemo> So, barring REALLY bad news, will likely serve as support going into earnings
[15:37] {Threei>  we need some big negative event
[15:38] {Threei>  othrwise this summer trading will be suffocatingly boring
[15:38] {nemo> I'll be talking to the rabbit all day
[15:46] {samire> i can not complain ...i am green
[15:46] {patience> great day for me, cashed out half though
[15:49] {jfjf64> ouutta here
[15:49] {dino> struggling the last 3 days
[15:51] {patience> i have been scalping gold calls dino
[15:53] {_carson> green? long ways from it..hahah im red as an apple
[15:53] {_carson> :(
[15:54] {Threei>  well, if you continue buying on short calls... :)
[15:54] {Threei>  or shorting on long
[15:56] {dino> gj patience
[15:56] {Threei>  ok guys, let's see what we can squeeze out of this tomorrow
[15:56] {Threei>  have a good evening, see you in the morning
[15:58] {larisa> bye :)
[15:59] {_carson> haha vad. u just had to say that eh
[15:59] {_carson> :D
[15:59] {_carson> cya

Friday, July 1, 2011

July 01 2011

Meh. Very boring and slightly negative. Holiday trading at its best

[09:04] {Threei}  (GR) Institute of International Finance (IIF): Reiterates that the ECB must continue to fund Greek banks
[09:04] {Threei}  - Options incl roll over, maturity extensions; must also consider the possibilities of debt repurchase
[09:05] {Threei}  translation: your options range between never getting your money back and never getting back your money
[09:07] {Natali} gm all:)
[09:07] {Threei}  natali :)
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:11] {ese} mornin
[09:11] {Threei}  ese :)
[09:11] {RonS} gm everyone
[09:12] {Threei}  ron :)
[09:13] {Threei}  ese, dcc please
[09:13] {ese} oops....accidentally deleted the dcc vad...could you send again
[09:14] {Threei}  accidnetally? yeah right
[09:14] {Threei}  just say you don't weant to talk to me
[09:14] {ese} rotfl
[09:14] {_carson} good morning
[09:14] {Threei}  many people don't... nothing new really
[09:14] {Threei}  carson :)
[09:15] {_carson} question. when you call play. Long or Short break of .90
[09:15] {_carson} is the buy at .90 or .91
[09:15] {_carson} and is 1:1 at .00 or .01
[09:15] {_carson} if 10 cent stop
[09:16] {_carson} ty
[09:16] {samire} gm
[09:16] {Threei}  morning samire
[09:16] {Threei}  carson, it means:
[09:16] {_edusantos} hello
[09:17] {Threei}  buy when .90 offer is taken out and prints at higher price appear,
[09:17] {Threei}  do not chase more than 2-3 cents,
[09:17] {Threei}  generally .00 is 1:1 but it's not an exact science, there is always a room for a few cents plus or minus
[09:17] {Threei}  edu :)
[09:22] {nemo} half day today?
[09:23] {Threei}  hmmm
[09:23] {Threei}  no
[09:24] {larisa} gm :)
[09:24] {Threei}  larisa :)
[09:24] {_carson} 4 winning trades
[09:24] {Threei}  OK guys, we have a day before long weekend,
[09:24] {_carson} and you can go home
[09:24] {Threei}  unless some big news hit, I don't expect much happening today
[09:25] {Threei}  lol
[09:25] {Threei}  and activity is likely to die early
[09:26] {jfjf64} mornin
[09:26] {Threei}  jf :)
[09:26] {Threei}  first though for the open is short
[09:27] {Threei}  thought
[09:27] {Threei}  well... whatever goes for thoughts in my case
[09:27] {dino} idcc
[09:27] {dino} apol
[09:28] {jfjf64} tight range  pre  spy
[09:29] {_carson} SLV opening down
[09:29] {Threei}  RIMM and SLW on watch
[09:30] {Threei} Short Setup: RIMM  .70 break
[09:30] {Threei}  if stays under .80
[09:30] {Threei} Short Setup: SLW  .20 break
[09:32] {Threei}  lose .65 and die RIMM
[09:33] {Threei}  good boy'
[09:33] {_carson} slw didnt get shares meh
[09:34] {Threei}  second chance
[09:34] {Threei}  same setup
[09:34] {_carson} that was weird
[09:34] {Threei}  opening volatility...
[09:34] {Threei}  stop to .26 SLW
[09:36] {Threei} Long Setup:  FCX  .20 break
[09:36] {Threei}  half lot
[09:37] {Threei}  stop under .10
[09:37] {Threei}  target closer to .40
[09:38] {Threei}  actually... no, above .50
[09:38] {Threei}  two partials
[09:38] {Threei}  one around .35 - .40
[09:38] {Threei}  another above .50
[09:38] {Threei}  forget it, lol
[09:38] {Threei}  no go
[09:39] {Threei}  still watching it for bounce setup
[09:41] {Threei}  finally SLW
[09:41] {Threei}  took its sweet time
[09:41] {ese} L GLW .26
[09:42] {Threei}  FCX rinsed
[09:42] {Threei}  dirty scoundrel
[09:43] {ese} out 1/2 glw .33 +.08
[09:43] {_carson} :(
[09:44] {ese} glw stop to break even .27
[09:44] {dino} gj
[09:45] {ese} tks ...quick hit
[09:46] {Threei}  LVS
[09:46] {ese} have a show to do today up north of Victoria in Parksville...Canada Day Celebration....won't be hangin around long
[09:46] {Threei}  pullback closer to .80 for long entry on watch
[09:48] {_carson} i just looked at RIMM on 1 min chart ..looks like it got to 28.58 after our entry but i guess it was just super fast
[09:49] {Threei}  it was, if you had cover order in it would have been hit
[09:49] {Threei}  manually, likely to miss the cover
[09:49] {_carson} oh did yours get hit ?
[09:49] {Threei}  yes
[09:49] {Threei}  in morning jumps I don't take chances
[09:50] {Threei}  first opeing moves are often hecticve
[09:50] {_carson} oh i stopped out both...nice one
[09:50] {Threei}  nectice
[09:50] {Threei}  hectic
[09:50] {_carson} thx for tip on the auto order
[09:50] {Threei}  wait...
[09:50] {dino} dman sm l .24
[09:50] {Threei}  even if you miss the fill,
[09:50] {Threei}  when 1:1 is reached you trail stop to above b/e
[09:50] {Threei}  no reason to take original stop
[09:51] {dino} dar sm l .50
[09:51] {Threei}  1:2 SLW, out in full
[09:51] {_carson} oh quick lessions
[09:51] {Threei}  please read How trading room operates
[09:51] {Threei}  some brief instructions
[09:51] {ese} thought you were talking about vad there for second dino "dman"....he dman
[09:52] {dino} lol
[09:52] {Threei}  ese, but then what would "sm" have to do with it??
[09:52] {dino} he's vman
[09:52] {ese} i know......was just the way i looked at it for a split second
[09:52] {dino} lol
[09:52] {Threei}  v? what's that stand for?
[09:52] {Threei}  or I don't want to know?
[09:53] {dino} dar stop is .37, dman .14
[09:53] {ese} verile?
[09:53] {Threei}  vile?
[09:53] {RonS} vhc mom breakout
[09:53] {ese} no verile
[09:53] {RonS} momo
[09:54] {_carson} but FCX was original stop right
[09:54] {Threei}  yes
[09:54] {_carson} it rinsed btw
[09:54] {_carson} hit ur .40 target
[09:55] {Threei}  right
[09:55] {Threei}  *(US) JUN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 71.5 V 72.0E
[09:55] {RonS} ism 4 min
[09:55] {dino} dar stop -.13
[09:57] {ese} is that like....1/2 a person not confident do ya figur
[09:58] {jfjf64} lvs
[09:58] {Threei}  LVS came to support bu no setup to enter yet
[09:58] {ese} glw is going to make my day........
[09:58] {jfjf64} ty sir
[09:58] {ese} look at this consolidation at .35
[09:59] {ese} 1 min chart
[09:59] {samire} FCX might dip again
[09:59] {dino} dman stop -.10
[09:59] {samire} numbers now
[10:00] {ese} you daman dino!
[10:00] {dino} not this week
[10:00] {ese} there she blows glw
[10:00] {Threei}  *(US) JUN ISM MANUFACTURING: 55.3 V 52.0E; ISM PRICES PAID: 68.0 V 70.9E
[10:00] {samire} look at fcx
[10:00] {Threei}  *(US) MAY CONSTRUCTION SPENDING M/M: -0.6% V 0.1%E
[10:00] {pragmatic} wth
[10:01] {Threei}  L:VS, if just take .80 on pure faith, would be one hell of entry
[10:01] {ese} out 1/4 .47 +.22
[10:01] {_carson} SPY huge pop
[10:02] {dino} lqdt
[10:02] {Threei}  can this ISM number really have such effect?
[10:03] {samire} Vad....TZA  ...LONG
[10:03] {samire} ????
[10:03] {ese} out in full glw .50 +.25
[10:04] {Threei}  I think so but rememer we don't really know the reason for this spike
[10:04] {ese} cool took the last bit at .50
[10:04] {Threei}  (GR) Greece Fin Min Venizelos: Close to an agreement to front load EU aid; Forecasts 2011 GDP -3.9%; unemployment to 16-17%
[10:05] {dino} lqdt sm l .99
[10:06] {samire} sorry Vad ...took TZA  alone
[10:06] {samire} with or without you  (Song)
[10:06] {samire} but i asked u first
[10:07] {Threei}  I answered
[10:07] {samire} and u gave gren light
[10:07] {samire} green
[10:07] {dino} green lantern
[10:08] {samire} tza 1:1   .92
[10:08] {samire} half
[10:08] {samire} b/e balance
[10:08] {dino} dman rinse-r-oni
[10:10] {dino} lqdt to .30
[10:11] {dino} to .39
[10:11] {ese} vad is not dman then?
[10:11] {ese} just kidding....just kidding
[10:12] {Threei}  fairly weird day so far
[10:12] {samire} Vad.....tza a gain ?
[10:12] {samire} again
[10:12] {Threei}  ?
[10:12] {Threei}  oh
[10:12] {dino} out ,41, lqdt, +.42
[10:13] {samire} gj dino
[10:13] {Threei}  .85 break, maybe
[10:13] {dino} ty
[10:13] {samire} ok
[10:18] {jfjf64} wynn
[10:18] {jfjf64} flyin
[10:18] {ese} patience ....you swing long gold somewhere
[10:20] {RonS} fcx lit up some people this a.m.
[10:21] {patience} i'm holding gold and silver options, longer timeframe for me ese
[10:21] {_carson} had FCX at $52.21
[10:21] {_carson} dont wanna talk about it :'(
[10:21] {_carson} :(
[10:22] {Threei}  carosn... what's with strong emotions
[10:22] {ese} which gold option......you mentioned it the other day but i didn't make note of it and forgot
[10:22] {Threei}  it's just a trade, one of many
[10:22] {Threei}  some work, some don't
[10:22] {_carson} haha im ok
[10:22] {RonS} meli to run?  dino?
[10:22] {patience} goldcorp usually
[10:23] {_carson} got rinsed $1+
[10:23] {nemo} spy and iwm are going to their daily R3s
[10:23] {dino} wow 5 days up +100 each, seems a bit extreme
[10:23] {dino} dk ron
[10:24] {ese} somebody doesn't believe Bernake dino
[10:25] {dino} don't know what to believe, world is falling apart imo
[10:25] {ese} tks patience
[10:26] {samire} VAD ...Please check tza for long
[10:27] {_carson} samire...spy keeps setting new highs
[10:27] {_carson} no idea when this stops
[10:27] {nemo} they may try to get june to end flat but I wouldn't think people want to go long into this weekend
[10:27] {Threei}  samire, when it forms setup
[10:28] {Threei}  stop these attemots to guess the bottom
[10:28] {Threei}  it's suicide
[10:28] {ese} nahhhhhh.......things will go on as before dino.......periods of stupidity followed by periods of calm  to be followed by stupidity/ calm.....and on it goes
[10:29] {ese} markets help to right the wrong.........unless you worked at Lehman of course
[10:30] {samire} go tza
[10:30] {Threei}  (US) Treasury Dept affirms US will exhaust borrowing power on Aug 2
[10:31] {Threei}  as far as I am concerned it happened a few years ago
[10:31] {Threei}  Apple Inc Upstream suppliers for iPhone 5 and iPad 3 are preparing for a September debut and an October launch - Digitimes
[10:32] {Threei}  right... iphone 4 and ipad 2 were issued decade ago after all, and are no good anymore
[10:33] {ese} Bin laden plan is working.........he wanted to see the US colapse financially
[10:33] {Threei}  IMO, we did it to ourselves
[10:33] {Threei}  he was just an excuse
[10:33] {ese} ya maybe
[10:34] {Threei}  careless borrowing started before him
[10:34] {ese} true
[10:34] {ese} he just pushed the cart over the edge
[10:34] {Threei}  and continued unrelated
[10:34] {Threei}  added to a bill, yeah
[10:35] {Threei} Long Setup:  RIMM  .70 break
[10:36] {Threei}  invalidated for now
[10:36] {_carson} k
[10:37] {_carson} need a couple 1:1's to get on par...my blunder with that RIMM earlier
[10:39] {dino} making me think of golf
[10:40] {ese} same
[10:41] {dino} 70 and sunny, not a bad idea
[10:42] {ese} cloudy here
[10:43] {patience} you mean freezing here ese
[10:44] {ese} i'm from Saskatchewan originally.....it's summer time all year round here as far as i'm concerned
[10:44] {_carson} where you @ ese
[10:44] {ese} victoria British columbia
[10:44] {ese} canada
[10:45] {_carson} ahh im in cgy
[10:45] {Threei}  I am originally from Mars...
[10:45] {ese} my brothers live there.......i did for one year then came here
[10:45] {Threei}  but settled down in Canada
[10:45] {ese} true
[10:48] {samire} Vad...FCX     long
[10:48] {RonS} quote of the day:  $SODA has clearly developed a cure for cancer
[10:49] {dino} ?
[10:49] {ese} ?
[10:49] {dino} kill you thru obesity?
[10:49] {ese} where'd you get that one
[10:49] {Threei}  not yet samire
[10:49] {RonS} $66...up 5.23 to all time highs...66 P/E, etc...
[10:50] {Threei}  let's let it make one more leg down
[10:50] {Threei}  very shaky support here, too risky
[10:50] {RonS} it's a joke guys...sheesh
[10:50] {ese} we never joke on this board....were serious all the time
[10:51] {RonS} omg
[10:51] {ese} ok..........now that was a joke
[10:51] {Threei}  and we tend to shoot those who joke
[10:51] {ese} lol
[10:51] {dino} put ron in time out
[10:51] {ese} ya.......like ya ehhhh!
[10:52] {ese} and.......we speak perfect anglish
[10:52] {samire} sold it .05
[10:52] {samire} fcx
[10:52] {samire} u scared me
[10:52] {dino} dar rinsed sheesh
[10:52] {samire} small profit
[10:52] {ese} you not dman today dino
[10:53] {dino} no
[10:53] {samire} sold fcx too early
[10:54] {Threei} Long Setup:  TZA  .60 break
[10:54] {Threei}  if holding .50
[10:54] {Threei}  ok
[10:55] {Threei}  this one is not a scalp in my mnd
[10:55] {_carson} was just about to ask that
[10:55] {Threei}  if works, should do about .90 - 34
[10:55] {Threei}  so, planning to do three partials, 1/3 each
[10:56] {Threei}  above .70 one, above .80 another and re evaluate the third as we get there
[10:57] {_carson} lets see what happens
[10:57] {_carson} its already come from .40
[10:58] {nemo} pot
[10:58] {Threei}  control yourself nemo
[10:58] {nemo} ?
[10:58] {Threei}  sigh... nevermind
[10:58] {nemo} what was it Les used to say....
[10:58] {Threei}  Ron, I am with you, they are impossible today
[10:58] {nemo} oh yeah....
[10:58] {nemo} piss off  ;)
06[10:59] * Threei hits SPY over the head with 2x4
06[11:00] * Threei kicks TZA in the rear with heave duty army boots
[11:00] {Threei}  let's see if violence helps
[11:00] {Threei}  but of course
[11:00] {jfjf64} dieeeeeeeeeeeeeeeeee
[11:00] {nemo} looks like spy might go up
[11:00] {Threei}  why wouldn't it
[11:00] {RonS} lol jf...thataboy!!
[11:01] {Threei}  come on TZA, 1:1 is not what we signed up for in this trade
[11:01] {_carson} couldnt get a partial fill at 1:1
[11:01] {Threei}  no, barely touched it
[11:04] {_carson} wait i actually got 181 shares sold at 33.70
[11:04] {_carson} barely anything
[11:05] {Threei}  OK{ here comes decisive moment
[11:05] {jfjf64} dieeeeeeeeeeeeeeeeeee
[11:05] {Threei}  SPY loses .90, it should be all over
[11:05] {_carson} 133
[11:06] {Threei}  so far so good
[11:06] {Threei}  TZA ascending channel
[11:06] {Threei}  needs to break .70 to establish firm uptrend
[11:06] {_carson} could you add more .70 break ?
[11:07] {Threei}  I wouldn't
[11:07] {Threei}  I took full position
[11:07] {Threei}  market is behavng strange today
[11:08] {Threei}  don't want excessive risk
[11:09] {_carson} stopped out... b/e stop
[11:10] {jfjf64} hv  drink  carson
[11:10] {_carson} after i got executed for a 181 shares at .70
[11:10] {_carson} lol +$1.42
[11:10] {_carson} thats slurpee money brb
[11:10] {jfjf64} lol
[11:10] {Threei}  lol
[11:13] {dino} azz sm s .31
[11:13] {samire} this is longest (time) trade in weeks
[11:13] {samire} tza
[11:14] {samire} does it still look good ?
[11:15] {Threei}  can't tell
[11:15] {Threei}  very indecisive
[11:16] {_carson} might not wanna play it...market is very unpredictable
[11:16] {Threei}  that's your holiday trading
[11:20] {samire} ng
[11:20] {samire} no go
[11:20] {samire} finally
[11:21] {dino} hsp drop
[11:21] {RonS} no hews here
[11:21] {RonS} news
[11:22] {Threei}  nor here
[11:23] {samire} Dow at hod
[11:23] {dino} well azz shoved it up my a.., blew thru stop by .20
[11:24] {samire} is the economy doing better  ?
[11:25] {dino} hsp sm l .20
[11:25] {Threei}  last 15 min, yeah
[11:34] {samire} i do not like to trade before holiday
[11:35] {Threei}  sometimes it works out well
[11:35] {Threei}  sometimes it's like today, no rhyme or rythm
[11:35] {_carson} when do you short this market
[11:35] {_carson} utter bs
[11:35] {Threei}  you don't
[11:35] {Threei}  it's uptrrending
[11:35] {dino} f'ng azz down a buck from my short entry but stopped me
[11:37] {ese} you mean you got stopped out before it tanked.....that would suck....have had it happen  though
[11:38] {dino} yes, pretty mucg sucks
[11:38] {dino} much
[11:42] {samire} slightly red today
[11:44] {_carson} 0-3
[11:45] {_carson} batting .000
[11:49] {_edusantos} going yo try LOGI .60bd
[11:49] {_edusantos} stop above .66
[11:52] {ese} I'm otta here all......up to Parksville Canada.....cya monday....have a great weekend
[11:53] {patience} send sunshine ese, have fun
[11:53] {RonS} uhhh. tues ese
[11:53] {ese} or is that tuesday because of july 4th dn there
[11:53] {dino} cya ese, have fun
[11:53] {ese} take care
[11:54] {dino} hsp .60 wall
[11:56] {dino} "tear down that wall"
[11:56] {dino} logm
[11:58] {dino} hsp to .50
[11:58] {Threei}  crap
[11:58] {Threei}  RIMM formed another setup at .75 and I missed it
[11:59] {Threei}  see 11:08 break?
[12:00] {pragmatic} RIMM ?
[12:00] {Threei}  yeah
[12:00] {pragmatic} It never hit .75 for the past several hours
[12:00] {_carson} yeah i see it
[12:00] {Threei}  say what?
[12:00] {_carson} nice 1:2+ pop
[12:00] {_carson} wouldve been nice revenge on RIMM
[12:00] {Threei}  very
[12:01] {Threei}  stop looking at tea leaves pragmatic, use charts for a change {G}
[12:01] {_carson} tea leaves lol
[12:01] {dino} hsp out +.30
[12:04] {pragmatic} how do you know that I am drinking a tea right now ?
06[12:04] * pragmatic :)
[12:04] {Threei}  I use chicken entrails to find out that stuff
[12:05] {pragmatic} CAn you predict the future ?
[12:05] {Threei}  I can do more - I can predict the past
[12:05] {nemo} spy 5 minute, break might be coming
[12:06] {Threei} Long Setup:  RIMM  .80 break
[12:06] {Threei}  stop under .75
[12:06] {samire} ok
[12:07] {nemo} vwap and open are at .72
[12:07] {Threei}  looking for setups with very ight stops at this point
[12:08] {nemo} I understand, but the likelihood is it bounces at that level
[12:09] {Threei}  I disagree
[12:09] {Threei}  .75 is better support/turning point
[12:10] {dino} thats what trades are made of, longs and shorts
[12:10] {Threei}  and sometimes it rains
[12:12] {dino} indeed
[12:12] {Threei}  lol, this is ese fault
[12:12] {Threei}  he brought this "indeed" to the board
[12:12] {Threei}  and he is not here, so we can oput any blame on him
[12:12] {Threei}  for anything
[12:13] {Threei}  amazon rain forest?
[12:13] {Threei}  ese's fault
[12:13] {Threei}  acid rain?
[12:13] {dino} warm beer, ese's fault
[12:14] {Threei}  coffee taken via hypodermic needle
[12:14] {Threei}  his invention
[12:14] {_carson} RIMM still on ?
[12:15] {Threei}  yeah
[12:18] {samire} i closed all trades and ready to quit   ......negative 15 dollars including commission
[12:18] {samire} just made good money on gluu
[12:18] {dino} thinking the same here sami, things are drying up
[12:18] {Threei}  as long as don't sniff it
[12:18] {_carson} down about $250 on the day but meh w/e
[12:19] {samire} i need it
[12:19] {samire} please let me
[12:19] {dino} -54 here
[12:19] {Threei}  better dilute it in castor oil and drink
[12:20] {_carson} yeah my blunder on rimm earlier...didnt realize that it hit 1:1 even though it was slightly and stop should be a bit above b/e
[12:20] {_carson} kept my original stop and thing went to .80s...covered .83
[12:21] {Threei}  I am not sure how you can not realize a stock went to certain price... don't you watch it as you trade it?? :)
[12:21] {_carson} no i took my eye off it
[12:22] {_carson} because at same time i was filling out order for SLW
[12:22] {Threei}  I see
[12:22] {_carson} and SLW missed the fill
[12:22] {Threei}  ok, RIMM broke descending channel
[12:22] {jfjf64} yesit did
[12:23] {samire} look at gluu
[12:23] {samire} took .38
[12:23] {_carson} i hate how it breaks it
[12:23] {_carson} and then it pauses for 2 hours
[12:23] {jfjf64} jf  wants  tyo  get hit  with a large  wad  of $$$$
[12:24] {_carson} cmon uptick already
[12:24] {Threei}  RIMM over 1:1...
[12:24] {Threei}  half out
[12:24] {Threei}  stop to .78
[12:24] {Threei}  and let's see if we get a push to above .95
[12:25] {_carson} where was 1:1 there vad?
[12:25] {Threei}  .81 entry, .74 stop
[12:25] {_carson} ohh
[12:25] {Threei}  .88 - .89 is 1:1
[12:25] {_carson} r/r was different
[12:25] {_carson} .88 is 1:1 yeah
[12:25] {_carson} sorry thought .10 ... nvm
[12:26] {Threei}  [12:06] {Threei} Long Setup: RIMM .80 break
[12:26] {Threei}  [12:06] {Threei} stop under .75
[12:26] {_carson} yeah didnt mentally adjust that r/r changes when stop changes
[12:26] {Threei}  next set of choices:
[12:26] {Threei}  either exit in full closer to 29
[12:27] {Threei}  or sell 1/4 about .97
[12:27] {_carson} SPY new highs
[12:27] {Threei}  and try to make a game for break and new day hgighs
[12:27] {_carson} 1/2 out .90
[12:27] {jfjf64} and  slap  jf  with  da  cash
[12:27] {Threei}  hard to tell whcih is more likely really... kind of personal prefernce
[12:28] {RonS} took hsp .35 to .85  +.50  thanks dino
[12:28] {Threei}  ok carson, I feel a bit better... first win for you wth us
[12:28] {_carson} yes :) 1/4 out .91
[12:28] {Threei}  and pragmatic... switch from teal leaves to coffee residue at the very least, since you decisively refuse to use charts
[12:29] {Threei}  .91?
[12:29] {_carson} so do these wins happen a lot? seemed like a lot in those trade logs
[12:29] {Threei}  why?
[12:29] {Threei}  hmmm
[12:29] {_carson} oh i had 2x my position size so now just getting down to regular size
[12:29] {Threei}  they happen exactly like in trade logs, lol
[12:29] {Threei}  where do tyou think those logs are coming from? :)
[12:29] {_carson} jesus
[12:29] {RonS} lol
06[12:29] * pragmatic making coffee
[12:30] {Threei}  you'll see all this exchange in today's one for instance
[12:30] {_carson} stop to .85 ... just wanna keep this a real winner
[12:30] {Threei}  .84
[12:31] {Threei}  look at 1 min
[12:31] {Threei}  11:59 candle,
[12:31] {_carson} ya it bounced ok .84
[12:31] {Threei}  12:07,
[12:31] {Threei}  12:24
[12:31] {Threei}  they all formed resisatance at .85
[12:32] {Threei}  so breeak of it is asignal of weakness
[12:32] {Threei}  thus stop is .84
[12:32] {Threei}  makes sense?
[12:32] {_carson} yeah
[12:32] {Threei}  sorry, I missed a step:
[12:32] {_carson} perfect
[12:32] {Threei}  it was resistance,
[12:32] {Threei}  after being broken it becomes a new support
[12:32] {Threei}  so break of it is a \signal of weakness
[12:33] {_carson} .95 would be great
[12:33] {Threei}  here comes next push
[12:33] {_carson} hod break even better
[12:33] {dino} gj ron
[12:33] {Threei}  well... teleportation to 30 is even better
[12:35] {Threei}  folks, dptl ssked to say hello
[12:35] {dino} say hello back
[12:36] {Threei}  ty, i will
[12:37] {samire} Vad....Do you think that we will have a better market movement on Tuesday  ...or Holiday week
[12:37] {dino} tuesday, imo
[12:37] {Threei}  samire, thank you for the compliment... assumption that I think is really flattering
[12:37] {Threei}  but I really don't... I just take it as it comes
[12:39] {dino} ok, going to call it a week. thx all, good time.
[12:39] {Threei}  have a great weekend dino
[12:39] {_carson} took my .85
[12:39] {dino} u2, thx again
[12:41] {_carson} you think people will ever take profit ?
[12:41] {Threei}  heck no
[12:41] {Threei}  some still haven't taken profits from 1998-200 tech boom
[12:42] {Threei}  Ron, are you here??
[12:45] {samire} watching rimm for a bounce
[12:45] {samire} on 2 minute chart
[12:47] {samire} .81 for now
[12:47] {samire} in
[12:47] {samire} .74 stop
[12:49] {Threei}  deja vu
[12:50] {RonS} sorry, talking to the vet...
[12:50] {Threei}  sorry
[12:50] {RonS} np
[13:20] {jfjf64} internet  pbobs
[13:21] {jfjf64} all have  great  weekend
[13:21] {jfjf64} ty 3i
[13:22] {RonS} cya jf
[13:23] {RonS} 3i, pot s .75 break if stays below .85?
[13:25] {RonS} nope
[13:33] {Threei}  sorry got distracted
[13:33] {Threei}  .80 break, may be
[13:39] {Threei}  not nly it's a holiday trading, it's one of the most hated days for me - slow creep-up
[13:41] {RonS} ...do you have to talk about nemo?
[13:41] {RonS} :)
[13:41] {nemo} cute
[13:41] {nemo} accurate though
[13:41] {nemo} I creep up...
[13:41] {nemo} you'll never know I'm coming
[13:41] {nemo} You'll only know I was there
[13:49] {Threei}  and slow?
[14:07] {samire} nothing moving
[14:08] {pragmatic} CAT in nice downtrend
[14:09] {nemo} I'm off folks c u next tuesday
[14:11] {Threei}  have a great long weekend nemo
[15:00] {Threei}  (IT) Italian financial regulators have summoned analysts from S&P and Moodys regarding their recent statements on Italian budget and banks - financial press
[15:00] {Threei}  - REMINDER: Earlier today: S&P comments on Italy: The country faces sovereign debt risk despite new austerity measures;
[15:00] {Threei}  On 6/24: Dealers noting of a rumor circulating that some Italian banks might have failed the stress tests; On Jun 24th, S&P also declined to comment on rumors of an Intalian soveregn downgrade.
[15:04] {samire} 1 more hour for market
06[15:11] * pragmatic Needs some winning trades to complete the day ...
[15:14] {RonS} Have a good weekend everyone...see you Tuesday...
[15:14] {patience} bye Ron
[15:15] {Threei}  take care ron, see you Tuesday
[15:21] {_edusantos} see you on tuesday
[15:22] {_edusantos} have a nice weekend
[15:36] {Threei}  OK guys, yhank you all
[15:36] {Threei}  have a great long weekend
[15:36] {Threei}  see you on Tuesday
[15:37] {larisa} bye :)