(8:50 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:50 AM) Alert: Hi , Welcome to TTT
(8:50 AM) thomas_Poland: gm
(8:51 AM) tomthetrader: Hi Thomas
(8:51 AM) thomas_Poland: I asked red already but maybe someone else knows a good application for automatic notification of Twitter messaage
(8:51 AM) thomas_Poland: Anybody ?
(8:51 AM) thomas_Poland: Thanks red by the way
(8:51 AM) thomas_Poland:
(8:51 AM) tomthetrader: any predictions ?
(8:52 AM) redTest: This blog is not hosted by Blogger and has not been checked for spam, viruses and other forms of malware. - does anyone else get this message when they go to "All Portfolios" and get a redirect page?
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(8:52 AM) thomas_Poland: yes short the morning rally and trade long for afternoon bounce
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(8:52 AM) thomas_Poland: this is plan for now
(8:53 AM) thomas_Poland: but I have to see where we open
(8:54 AM) ajayvee: Red, I'm in and everything working fine....so far
(8:55 AM) tomthetrader: My thoughts on the website is GOOG is having issues with us ...on the markets ...if we don't get and stay above 2-1 + a/d line and up / down volume ...I do not want to stick around long
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(9:03 AM) redTest: just found a new site knownissues.blogspot.com... google is having issues this week and incorrectly inserting redirects which causes some browsers to not dispaly pages and other to put up the warning I posted above.. they are working the issues..
(9:06 AM) tomthetrader: tom,
please let those interested in bonds that i covered my last 25% short tyu9 from 115.50 at 114.69
thanks,
arujunaa
(9:07 AM) redTest: My thoughts on the markets is to watch the NYSE a/d.. either it is leading or lagging.. if it strengthens today and confirms y'day strengthening of SPX and RUT and NAZ then we could have a good day up, if NYSE weakens or the others join the NYSE and down we go.. that is what I am watching..
(9:07 AM) tomthetrader: I agree 100% and we may take profits on our new portfolio pretty quick
(9:09 AM) thomas_Poland: I really want to short morning rally even if it is small one ... but I have to go out for an hour or so ..
(9:09 AM) thomas_Poland: so there is your chance
(9:09 AM) thomas_Poland: market always does what I want when I cannot trade
(9:10 AM) ajayvee: market always does what IT wants when I'm trading
(9:11 AM) thomas_Poland:
(9:11 AM) thomas_Poland: they hunt for you ?
(9:12 AM) ajayvee: yes, and always shooting when my back is turned
(9:12 AM) tomthetrader: OK
(9:13 AM) tomthetrader: China Up again
(9:13 AM) tomthetrader: most flattish overall
(9:13 AM) tomthetrader: world is Flat ?
(9:13 AM) tomthetrader: we need some good news ...or selling will continue
(9:14 AM) tomthetrader: the data today helped some but can't go up after 80% run with no outlook ?
(9:14 AM) tomthetrader: so we may have to scare em down next week ?
(9:14 AM) tomthetrader: before the Run higher 29th-4th
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(9:17 AM) tomthetrader: EP for POT was a bit high so be careful if following POT should have been in the 97-98 range ...all others OK
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(9:17 AM) ajayvee: g'morning
(9:17 AM) stevefl_64: gm
redliontrader: gm
(9:17 AM) netherbow1: gm
(9:17 AM) hibuck2: gm
(9:17 AM) rekon8: gm
(9:18 AM) desertone: GM
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(9:20 AM) JR Roden: gm all
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(9:29 AM) arujunaa: bond update: covered last 25% short tyu9 at 114.69 (from 115.50) now i am going long for a swing trade. bought 25% long at 114.69. will add another 25% at 114.44. leaving for the office now.
(9:30 AM) tomthetrader: Thank you
(9:31 AM) redTest: SPX 200DMA is 904.23
(9:31 AM) tomthetrader: DXD DDM will be my MAIN TRADE
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(9:31 AM) tomthetrader: 904 SPX is the BIG BIG line in the sand ...thanks RED '
(9:31 AM) redTest: Dow 200DMA - 8581
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(9:36 AM) redTest: Rut a/d -2:1 is the weakest.. we need to see that improve
(9:36 AM) tomthetrader: yes we will sell a couple of positions
(9:37 AM) tomthetrader: STJ we will sell 39.88 OK
(9:39 AM) hibuck2: $PCRCO .89
(9:39 AM) hibuck2: $TNX 37.37 3.73
(9:39 AM) hibuck2: $TRIN .69 $TRIQE .64
(9:40 AM) tomthetrader: again we trimmed by 10% and locked in profits on STJ 39.88 out
(9:41 AM) hibuck2: NYSE A/D -998
redliontrader: STJ sold in IRA out at 39.88 - 50% Long in IRA
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(9:45 AM) tomthetrader: 906.75 vwap
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(9:45 AM) tomthetrader: banks up tech down
(9:46 AM) tomthetrader: trading places
(9:46 AM) tomthetrader: 10 am big reports should boost market
(9:46 AM) tomthetrader: buying ddm
(9:47 AM) tomthetrader: ddm fills ....
(9:47 AM) derr11: 29.22
(9:48 AM) tomthetrader: 25 per cent long ddm
(9:48 AM) tomthetrader: traders
(9:48 AM) tomthetrader: stop 2 per cent back
(9:48 AM) tomthetrader: trailing
redliontrader: 29.21 - Traders 10% Long .02 trailing
redliontrader: DDM
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(9:53 AM) tomthetrader: SELL ABT 46.84
redliontrader: Y, that would be great.. 26.84?
redliontrader: 29.84?
(9:55 AM) tomthetrader: oops
redliontrader: 2% stop at 28.74
(9:55 AM) tomthetrader: e-mail out
(9:55 AM) tomthetrader: 46.84 ABT ?
(9:56 AM) tomthetrader: Abbott Labs
redliontrader: sorry .. abt = about.. opps..
(9:56 AM) tomthetrader: IRA
redliontrader: y
(9:56 AM) tomthetrader: DDM I will take that too..and retire today ?
(9:56 AM) tomthetrader: Let's go golf ?
(9:58 AM) desertone: Tom U still like UYG ?
(9:59 AM) tomthetrader: SELL VZ at 30.00 selling VZ at 30.00 limit at 30.00
(9:59 AM) tomthetrader: Yes Love UYG and UYG calls for long term
redliontrader: 40% Short IRA - Sold ABT @ 46.84
(9:59 AM) desertone: TY
redliontrader: 40% Main - no transactions yet
redliontrader: 40% Long IRA sorry
(10:00 AM) tomthetrader: VERIZON COMMUN(NYSE: VZ)
Real-Time: 30.03 0.25 (0.84%) 9:59AM EThelp
(10:00 AM) tomthetrader: sold VZ 30.03
(10:00 AM) ajayvee: left in the DDM dust. I'm just too slow this morning
redliontrader: 10% Long Traders via DDM - trailing 2% currently 28.98
(10:00 AM) Freezinalberta: same here aj
(10:00 AM) tomthetrader: 25% long DDM
(10:01 AM) eman11: Tom great call on DDM - Perfect timing
(10:01 AM) tomthetrader: if I was wrong >
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(10:01 AM) tomthetrader: tomthetrader: buying ddm
tomthetrader: ddm fills ....
(9:47 AM) derr11: 29.22
tomthetrader: 25 per cent long ddm
(10:01 AM) tomthetrader: sell DDM
(10:01 AM) tomthetrader: 10:01 am
(10:01 AM) jaxbrown22: GM DDm july 30s 100 @ .20
redliontrader: Out DDM 29.57
(10:02 AM) tomthetrader: Thank you ..
redliontrader: Out VZ @ 33.04
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(10:04 AM) ajayvee: are we getting ready for DXD?
(10:04 AM) richardt_5: nice call on DDM. Too bad my accts. are reloading
(10:04 AM) hibuck2: $PCRCO 1.05
(10:04 AM) hibuck2: $TNX 37.69 3.76
(10:04 AM) tomthetrader: Depends on the Tape AJ ?
(10:05 AM) tomthetrader: let's see if there is any follow thru
(10:05 AM) hibuck2: $TRIN .55 $TRIQE .64
(10:05 AM) tomthetrader: Banks are finally acting well
(10:05 AM) hibuck2: NYSE A/D +537
(10:07 AM) tomthetrader: terrible
(10:08 AM) tomthetrader: we need to bhe careful
(10:08 AM) tomthetrader: be
(10:08 AM) tomthetrader: careful
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(10:11 AM) hibuck2: BRCD acting real well
(10:12 AM) ajayvee: NYSE A/D Vol +2.5:1
(10:13 AM) tomthetrader: Thats' why we waited !
(10:13 AM) tomthetrader: Great job
(10:13 AM) tomthetrader: now we can breathe a bit
(10:13 AM) jaxbrown22: out 100 jun 30's @ .30 THx TOM
(10:14 AM) tomthetrader: 55.67 sold NKE
(10:14 AM) tomthetrader: 55.67 sold NKE
(10:14 AM) tomthetrader: 61.78 sold BG
(10:14 AM) tomthetrader: 61.78 sold BG
(10:16 AM) tomthetrader: again we only TRUST this rally as far as we can see it
(10:16 AM) hibuck2: put call rising all morning $PCRCO 1.17
(10:16 AM) hibuck2: $TNX 37.90 3.79
(10:17 AM) tomthetrader: Banks on fire
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(10:18 AM) tomthetrader: nice profits and will continue to sell rallies until we see sentiment improve next week
(10:19 AM) thomas_Poland: ok .. I am waiting with my short to 10:50
(10:19 AM) tomthetrader: I won't short until a/d collapses ..this is first decent a/d line in a while with banks UP
(10:20 AM) thomas_Poland: Atilla oficially made an idiot of himself today !
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(10:20 AM) thomas_Poland: he said today that PRechter and others are now see a top after he said so at 960!
(10:20 AM) thomas_Poland: what the f....k???
(10:21 AM) thomas_Poland: he saw top at 850 and should shut up
(10:21 AM) thomas_Poland: and not saying others methods are nostradamus type ..
(10:21 AM) tomthetrader: yes....don't tell the truth just look for others to confirm your a idiot
(10:21 AM) thomas_Poland: I wonder how many xtrendlines stick out of his a... now
(10:21 AM) tomthetrader: just lie and it will go away is the mantra for most ..unfortunate
(10:22 AM) thomas_Poland: maybe he made money in the bear market .. and eventually he will be right but did he forget he frozen millions dollars in margin?
(10:22 AM) thomas_Poland: or paper traded?
(10:22 AM) thomas_Poland: come on ..
(10:22 AM) thomas_Poland: nobody woould let him?
(10:22 AM) thomas_Poland: broker would close it ?
(10:23 AM) thomas_Poland: we don't like Red ..
(10:23 AM) hibuck2: yup thxs red
(10:23 AM) thomas_Poland: kidding
(10:24 AM) richardt_5: Thanks Red
(10:25 AM) JR Roden: TP - what was your time to short today?
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(10:26 AM) berniectx: thank you both Red and TTT Tom best on the web
(10:27 AM) tomthetrader: Thank you BERN
(10:27 AM) tomthetrader: quite a call today
(10:27 AM) tomthetrader: (9:41 AM) hibuck2: NYSE A/D -998
(9:41 AM) redliontrader: STJ sold in IRA out at 39.88 - 50% Long in IRA
tomthetrader: 906.75 vwap
tomthetrader: banks up tech down
tomthetrader: trading places
tomthetrader: 10 am big reports should boost market
(10:28 AM) thomas_Poland: JR ... 10:50
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(10:28 AM) redTest: thanks guys.. quite a fury.. sorry about the posting mistakes.. I'll get better I promise..
(10:28 AM) JR Roden: Thx
(10:28 AM) hibuck2: NYSE A/D +697
(10:29 AM) hibuck2: $PCRCO 1.12
(10:29 AM) redTest: I took them alll. thanks great calls.. it was the posting that suffered...
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(10:33 AM) tomthetrader: ABT and STJ show the sector rotation we were trying to get
(10:34 AM) tomthetrader: look at them run ?
(10:34 AM) tomthetrader: JNJ
(10:34 AM) tomthetrader: PFE
(10:34 AM) tomthetrader: are buys
(10:34 AM) tomthetrader: Q's -
(10:34 AM) redTest: ok.. I think I am caught up.. I have 100% cash Traders, 30% Long Main (hpq, pot, dyy), 20% Long IRA(T,USD).. everyone agree?
(10:34 AM) tomthetrader: selling is hard in semis and tech
(10:35 AM) tomthetrader: YES
(10:38 AM) tomthetrader: JUNE 75 calls on RIMM with spec money
(10:38 AM) tomthetrader: now at 10:38 , unofficial now but will enter sometime today
(10:39 AM) tomthetrader: anyone want to put a options quote out here
(10:39 AM) tomthetrader: on RIMM 75 calls June
(10:39 AM) hibuck2: RFY FT @ 4.75 4.80
(10:39 AM) stevefl_64: 4.75/.80
(10:40 AM) tomthetrader: Thanks you guys
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(10:42 AM) thomas_Poland: 10:45 .. pretty close for this move
(10:43 AM) thomas_Poland: we have now 200 sma support that is why my stop is close
(10:43 AM) thomas_Poland: and vwap a little lower
(10:43 AM) thomas_Poland: this is a real bi...
(10:43 AM) tomthetrader: current vwap?
(10:43 AM) thomas_Poland: 911
(10:43 AM) thomas_Poland: why?
(10:43 AM) hibuck2: NAZ week
(10:44 AM) thomas_Poland: die bulls
(10:44 AM) tomthetrader: dollar strengthening is hurting stocks
(10:44 AM) hibuck2: $TRIQE 1.66
(10:44 AM) thomas_Poland: Tom you like vwap ?
(10:44 AM) tomthetrader: it helps
(10:45 AM) tomthetrader: seems ...most pros are using it daily now so self fulfilling prophecy ?
(10:45 AM) thomas_Poland: agree
(10:45 AM) thomas_Poland: exactly
(10:45 AM) thomas_Poland: sometimes it seems you can do great just blindly buy support of it or sell resistance
(10:45 AM) thomas_Poland: insane
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(10:50 AM) redTest: what do you guys think about using VWAP to set entry prices when Tom announces at time frame.. like 10am till noon I would use the VWMA value calculated between those times.. It would be easier for me..
(10:50 AM) tomthetrader: POT 95.00 a buy if you got stopped or knocked out and FCX we may enter
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(10:51 AM) thomas_Poland: we just bounced of it
(10:51 AM) thomas_Poland: insane
(10:51 AM) thomas_Poland: to the tick
(10:51 AM) redTest: ok,, let's try it see how it works
(10:51 AM) tomthetrader: Yes and Yes
(10:51 AM) tomthetrader: VWAP VWMA
(10:52 AM) thomas_Poland: I will move my stop closer here as I have in my plan possibble long trade between 11:05 - 11:20
(10:53 AM) tomthetrader: agree on that TP
(10:55 AM) tomthetrader: FCX 50.00
(10:55 AM) arujunaa: bond update: i am now 50% long tyu9 from 114.59. i didn't think philly fed wo0uld be that much better than expected. if i look at tyu, i see risk down to 114.25 and then 113.75/113.875. what concerns me about my long is the performance of usu9 - which affects tlt. we are now below 115.3125 which is a pivot level. i may have to exit longs if we close below 115.3125 on usu9 today.
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(10:55 AM) tomthetrader: Thanks Philly Fed a shocker...I cetainly am shocked still
(10:56 AM) tomthetrader: I expected some strength instocks after the reports due to imbalances but that is over
(10:56 AM) tomthetrader: now we should rally to highs again
(10:57 AM) thomas_Poland: my stop is breakeven
(10:57 AM) Fulkdaddy: The correction is over Tom?
(11:01 AM) tomthetrader: No ..more work down next week Dave I am afraid
(11:01 AM) tomthetrader: Unfortunately
(11:02 AM) Fulkdaddy: 875-888 a strong or cautious buy area?
(11:02 AM) tomthetrader: right now 917 needs to become support
(11:02 AM) tomthetrader: If we get down to 875 -888 everyone will jump in ...so I doubt it will get here
(11:02 AM) tomthetrader: 50% CHANCE 888
(11:03 AM) tomthetrader: 10% 875
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(11:03 AM) tomthetrader: 100% 904 SINCE WE ARE BOUNCING OFF THERE EVERYDAY
(11:03 AM) tomthetrader: SO DEPENDS HOW PICKY YOU ARE
(11:03 AM) Fulkdaddy: Ah, the dip buyers will come in early anticipating the bounce, thus preventing us from getting down there
(11:04 AM) bitterwind4:
***** Start Whisper
red...i am unable to enter the subscription tab. ?? how do i do that
***** End Whisper
(11:05 AM) Fulkdaddy: thanks
(11:06 AM) JR Roden: double top forming on 5 mni chart w/negative divergences.
(11:06 AM) thomas_Poland: ok I am out ..
(11:06 AM) thomas_Poland: and will reshort about 12:20-12:25
(11:06 AM) Fulkdaddy: A/D +294
(11:06 AM) tomthetrader: HORRIBLE
(11:07 AM) thomas_Poland: and this 11:05 long can be good
(11:07 AM) thomas_Poland: but I do not want to go long here
(11:07 AM) Fulkdaddy: end of the 2nd quarter
(11:07 AM) redTest: i just read the smuggled $134B us bond story.. anyone read that?
(11:07 AM) Fulkdaddy: Good point, Tom
(11:08 AM) tomthetrader: tHANK YOU AND yES red ...IT WILL BE A MOVIE SOME DAY ?
(11:09 AM) redTest: y, crazy.. interested to see how that turns out
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(11:09 AM) saba7 elfull: hi
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(11:10 AM) tomthetrader: kudlowsmoneypolitics.blospot.com
(11:10 AM) IIJgS_LSgS: ãÕÑ ãÚÇß
(11:10 AM) NeW_PoOoRn: hey
(11:10 AM) redTest: saba7 elfull was bounced from the room by redTest. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
(11:10 AM) *** saba7 elfull has left the room ***
(11:10 AM) IIJgS_LSgS: ÔÛáåã äÔíÏ Èæ ÎÇØÑ
(11:10 AM) NeW_PoOoRn: why
(11:10 AM) stevefl_64: boot the ARabs
(11:10 AM) redTest: IIJgS_LSgS was bounced from the room by redTest. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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(11:10 AM) hibuck2: go home
(11:10 AM) thomas_Poland: OH BOY
(11:10 AM) redTest: NeW_PoOoRn was bounced from the room by redTest. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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(11:11 AM) redTest: invasion!
(11:11 AM) thomas_Poland: do you know any application i can actually hit the guy?
(11:11 AM) berniectx: you guys always make me laugh when that happens...need Thomas at the door
(11:13 AM) Fulkdaddy: I can't find it
(11:13 AM) Fulkdaddy: Can you post the URL?
(11:14 AM) Fulkdaddy: Got it...Kass posted it on his blog
(11:14 AM) tomthetrader: http://www.kudlowspolitics.blogspot.com/
(11:14 AM) tomthetrader: OK
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(11:15 AM) Fulkdaddy: kuldowsmoneypolitics.com
(11:15 AM) tomthetrader: Kass is cool now ..used to be a ass ...some good beatings make you more human over the years ?
(11:15 AM) Fulkdaddy: kudlow
(11:15 AM) nimesh_: tom, any call on rimm earnings?
(11:15 AM) Fulkdaddy: we all do our best to become the man or woman we always wanted to be...and it can be a long road
(11:16 AM) tomthetrader: very long unfortunately rarley occurs
(11:16 AM) tomthetrader: Nim : we took unofficial positions in RIMM early
(11:16 AM) nimesh_: i missed i gues
(11:16 AM) tomthetrader: tomthetrader: anyone want to put a options quote out here
tomthetrader: on RIMM 75 calls June
(10:39 AM) hibuck2: RFY FT @ 4.75 4.80
(10:39 AM) stevefl_64: 4.75/.80
(11:16 AM) nimesh_: long or short?
(11:16 AM) nimesh_: o ok
(11:16 AM) tomthetrader: Now you got it ...service with a smaile
(11:16 AM) nimesh_:
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(11:18 AM) hibuck2: YHOO sold off to the 200EMA
(11:19 AM) hibuck2: @15.28
(11:21 AM) berniectx: Tom and group question...is Summers going to replace Bernake at the Fed?
(11:23 AM) berniectx: hope so not sure about Sumners
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(11:24 AM) hibuck2: what do think would of happen if did not work out would we all be drinking soup with chicken that just tip toed throuh it
(11:25 AM) hibuck2: agree
(11:26 AM) hibuck2: most of america is oblivious
(11:28 AM) nimesh_: nasdaq 100 really lagging
(11:30 AM) tomthetrader: yes...as is our a/d lines
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(11:33 AM) JR Roden: That double top on the 5 min chart is now.
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(11:34 AM) nimesh_: 920 spx important
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(11:36 AM) nimesh_: maybe we have seen all the move we are going to see.....opex games to float around here?
(11:37 AM) tomthetrader: YES
(11:38 AM) tomthetrader: all I got is short 917 to 914 cash if we can't hold up
(11:38 AM) thomas_Poland: vwap again?
(11:38 AM) tomthetrader: 904 cash
(11:38 AM) tomthetrader: might be time to trade again
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(11:51 AM) tomthetrader: again we nailed DDM for a move up to here but has been a hard time staying past and the selling is much more intense on rallies than ANYTIME in this Rally since March ..meaning we..I think are in the 7th inning of a int term correction
(11:52 AM) thomas_Poland: a/d and a/d vol are negative for this market
(11:52 AM) thomas_Poland: especially for Nadaq
(11:52 AM) thomas_Poland: Nasdaq
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(11:57 AM) tomthetrader: DDM daytrade today was the only closed trade not entered ?
(11:57 AM) tomthetrader: anyone have that trade E ? anyone have a good entry exit to log in ?
(11:58 AM) berniectx: would like to short 920 SPX
(11:58 AM) thomas_Poland: and I want to short at 12:20-12:25
(11:58 AM) eman11: bo
(11:58 AM) thomas_Poland: My level is 917.50 to short
(11:58 AM) eman11: DDM Bought at 23.
(11:59 AM) thomas_Poland: or on time
(11:59 AM) derr11: DDM in @ 29.22 out @ 29.53
(11:59 AM) tomthetrader: Thanks Derr and E
(11:59 AM) eman11: oopd DDM bought at 29.21 sold 29.53
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(11:59 AM) tomthetrader: Thanks Guys
(12:00 PM) tomthetrader: That is right where I was on 25%
(12:01 PM) Alert: BREAKING NEWS: Continental Airlines flight lands safely at Newark Airport after pilot dies during the flight
(12:01 PM) tomthetrader: Ouch ...pilot dies in flight
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(12:07 PM) thomas_Poland: if we go down some I go long starting 2:05
(12:07 PM) thomas_Poland: but 12:20 is short now
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(12:10 PM) tomthetrader: ABT break out
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(12:14 PM) mansand2007: check out www.website.ws/radiodjsand make a stable monthly income for life!!!! No Joke!!! If you watch the video...... It will make sense!!!!
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(12:16 PM) dhmohan1963: kill him with hammmer
(12:16 PM) thomas_Poland: lol
(12:19 PM) tomthetrader: The polish hammer in need ?
(12:20 PM) tomthetrader: who wants to take a stand on OIL SHORT WITH ME to 60.00 ?
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(12:22 PM) tomthetrader: \rousing reception !
(12:23 PM) tomthetrader: feel like John Belushi in Animal House ...let's Go.....and no one comes
(12:23 PM) ajayvee: via DUG?
(12:26 PM) eman11: I will short oil with you. I defintely believe we will see 60 before we see 80
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(12:27 PM) tomthetrader: I wonder if the selloff already in DUG stocks will preceed prices
(12:27 PM) tomthetrader: oil stocks have been hit ..DUG is already up big on the week and I hate USO and futures trading is tough
(12:27 PM) tomthetrader: any ideas ...puts on OIH USO ?
(12:28 PM) thomas_Poland: I have to correct one thing .. I have possible long at 1:00
(12:28 PM) thomas_Poland: I wrote before 2:05 but I have one more at 1
(12:28 PM) thomas_Poland: sorry
(12:29 PM) thomas_Poland: for now still in bearish mode
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(12:30 PM) eman11: I don't know OIH is down 8-10% this week already
(12:37 PM) tomthetrader: yes...DUG up alot too
(12:37 PM) tomthetrader: only Futures are OK to short
(12:39 PM) tomthetrader: RIMM catching some selling
(12:39 PM) tomthetrader: Not good tape at all
(12:39 PM) tomthetrader: Tape a D-
(12:41 PM) tomthetrader: PBR a double top
(12:42 PM) tomthetrader: maybe puts on PBR most held by all world Oil pros?
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(12:43 PM) tomthetrader: considering oil has held up all my usual shorts on oil have really taken off
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(12:44 PM) tomthetrader: 904 SPX -925 now as the range should tighten into tomorrow 914-925 ?
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(12:45 PM) tomthetrader: then short on close ?
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(12:45 PM) Fulkdaddy: RIMM will likely dictate the direction of the market tomorrow?
(12:46 PM) Fulkdaddy: They generally bea
(12:46 PM) Fulkdaddy: beat
(12:46 PM) tomthetrader: Yes
(12:46 PM) tomthetrader: PTR a Oil short ....any ideas on shorting Oil Dave ?
(12:49 PM) berniectx: I want to short but OPEX days scare me some
(12:50 PM) tomthetrader: Agree ..I think we can short tomorrows High on TP's Seiko ?
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(12:52 PM) tomthetrader: AAPL acting well
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(12:53 PM) redTest: i am trying a little dxd scalp here... N100 A/D line took stronger..
(12:53 PM) tomthetrader: AAPL helping
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(12:53 PM) tomthetrader: 700K iphones shipped ...amazing
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(12:54 PM) tomthetrader: NQ futures are in a DESPERATE area ?
(12:55 PM) tomthetrader: my buddies are seeing weakne4ss in this area...starting to short NQ futures on ANY strength ?
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(12:58 PM) JR Roden: We made a triple top on the DIA 5 min chart. But it needs to see some selling pressure or it's liable to break north of 86.0
(1:00 PM) redTest: stopped out of my scalp -.03 (market getting stronger)
(1:02 PM) tomthetrader: yes it is
(1:03 PM) tomthetrader: I still think tomorrow will be a key pojt highs
(1:03 PM) ajayvee: well TP did say long at 1pm
(1:03 PM) tomthetrader:
(1:04 PM) dhmohan1963: tom what do you think of rimm
(1:04 PM) tomthetrader: 921 SPX
(1:04 PM) dhmohan1963: last qtr you were right on
(1:05 PM) tomthetrader: tomthetrader: 904 SPX -925 now as the range should tighten into tomorrow 914-925 ?
(1:05 PM) tomthetrader: Now 920
(1:05 PM) tomthetrader: I am short from 921 SPX
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(1:07 PM) tomthetrader: lets take a shot at seeing if this will be high of the day and tomorrow being the last shot at 925 ?
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(1:07 PM) arujunaa: i am adding another 25% long to tyu9 at 114.00. now 75% long from 114.39. i will be wearing this one for a while, i think
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(1:07 PM) redTest: it is going to spring one direction or another right here
(1:08 PM) tomthetrader: short em will go with Aruj trade?
(1:08 PM) tomthetrader: Right Aruj ?
(1:08 PM) tomthetrader: stocks should drop on your bond call ?
(1:09 PM) tomthetrader: 3.84 % ten year
(1:09 PM) tomthetrader: WOW
(1:09 PM) tomthetrader: a BUY program
(1:09 PM) tomthetrader: here we go
(1:09 PM) tomthetrader: a BUY program from the outlier GS whom hasn't played in a while/
(1:09 PM) redTest: in dxd @ 46.74
(1:10 PM) tomthetrader: High reward for a 1-5 day trade
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(1:11 PM) tomthetrader: 914-925 range
(1:11 PM) tomthetrader: 922 was hit
(1:12 PM) tomthetrader: many prose are getting killed short// just got a call saying some guys got reral short at Noon and now are pissed and covering
(1:12 PM) tomthetrader: pro's
(1:13 PM) tomthetrader: ESU9 917.50 many pros shorting ES
(1:14 PM) Harrod_t: Are we stilll holding UYG calls?
(1:15 PM) redTest: i wish I had gotten some
(1:15 PM) eman11: Just shorted ES at 917
(1:20 PM) eman11: Tom are you looking for SPX 914 to cover your ES short
(1:22 PM) tomthetrader: Yes
(1:22 PM) tomthetrader: No UYG calls Official just wishing
(1:22 PM) tomthetrader: many took the UYG trade
(1:23 PM) tomthetrader: many did not
(1:23 PM) tomthetrader: it was not OFFICIAL
(1:23 PM) tomthetrader: but many took some form of UYG
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(1:23 PM) ntb10071981: anyone here
(1:23 PM) tomthetrader: 917.50 ESU9
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(1:24 PM) tomthetrader: Thomas ...you have company ?
(1:24 PM) redTest: ntb10071981 was bounced from the room by redTest. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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(1:24 PM) tomthetrader: Red is GOOD !
(1:24 PM) thomas_Poland: Red .. you are monster
(1:24 PM) tomthetrader: 46.84 now DXD
(1:25 PM) redTest: didn't like his/her name
(1:25 PM) thomas_Poland: or REd is God
(1:25 PM) thomas_Poland:
(1:25 PM) tomthetrader: we will continue to monitor
(1:25 PM) tomthetrader: That is good enough for me !!!!!!!!!!
(1:26 PM) tomthetrader: Selling all positions Except POT at 1:25pm
(1:26 PM) redTest: dxd scalp out 46.84 + .10 want .20 but they wouldn't take mine..
(1:27 PM) tomthetrader: selling everything BUT our POT
(1:27 PM) tomthetrader: POT is too good to sell at this price ...plus we can roll some if it tanks ?
(1:27 PM) JR Roden: Are you expecting a drop?
(1:28 PM) eman11: Tom maybe you need some help if you can't give up thr POT
(1:28 PM) ajayvee: maybe a little AA
(1:28 PM) JR Roden: I have a good friend who is a drug and alcohol counselor.
(1:29 PM) tomthetrader: Yes I have had been in and around POT for 30 years and I am not addicted !
(1:29 PM) JR Roden: They all say that.
(1:29 PM) ajayvee: just never inhale...you could be president!
(1:29 PM) eman11: Spoken like a true addict
(1:30 PM) tomthetrader: No stems No seeds that you don't need Acapulco Gold ..man that's weed !
(1:30 PM) tomthetrader: Cheech and Chong ?
(1:30 PM) tomthetrader: Am I too old ?
(1:31 PM) tomthetrader: Rates keep climbing higher
(1:34 PM) tcb66: Not a buyer to be found in the bond market today
(1:34 PM) tomthetrader: Nope just a steaDY RISE
(1:35 PM) tomthetrader: or drop depending on your holding
(1:37 PM) tomthetrader: MEA a great call buy our member !
(1:37 PM) tomthetrader: MEA 2 days up 30%
(1:38 PM) tomthetrader: VZ could have sold now ?
(1:38 PM) tomthetrader: ABT ?
(1:38 PM) tomthetrader: NKE ?
(1:38 PM) tomthetrader: STJ ?
(1:38 PM) tomthetrader: all grrat stock picks
(1:38 PM) tomthetrader: 46.95 DXD keep going baby !
(1:39 PM) tomthetrader: .98
(1:39 PM) tomthetrader: LULL
(1:39 PM) tomthetrader: Thomas knows what the LULL is
(1:39 PM) tomthetrader: 4 new intl' finds
(1:39 PM) tomthetrader: EUR JAP BRAZIL MEX
(1:40 PM) tomthetrader: 2x funds
redliontrader: I have us 100% Cash Traders & IRA, 10% long Main in POT
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(1:53 PM) thomas_Poland: I was short but covered
(1:53 PM) thomas_Poland: I think we go higher now
(1:53 PM) thomas_Poland: to many people shorted 917.50 ?
(1:53 PM) thomas_Poland: Tom you still short ?
(1:53 PM) thomas_Poland: and yes LULL
(1:53 PM) Alert: ====SECURITY BULLETIN!=======
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(1:54 PM) redTest: i am long DDM @ 29.73
(1:55 PM) redTest: again it is going to pop any minute now one way or the other..
(1:55 PM) eman11: I covered ES for small profit - support at 920 strong
(1:56 PM) redTest: is there 2pm news today?
(1:57 PM) redTest: no 2pm news
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(2:01 PM) hibuck2: NYSE A/D +675
(2:02 PM) hibuck2: $PCRCO .97
(2:03 PM) hibuck2: $TNX 38.30 3.83
(2:03 PM) hibuck2: $TRIN .86 $TRIQE 1.41
(2:03 PM) tomthetrader: Dollar SPIKE here POIL should Tank DUG ?
(2:03 PM) tomthetrader: OIL
(2:05 PM) DE_TTT: XHB falling apart
(2:05 PM) tomthetrader: LIGHT CRUDE OIL (CL N9) Last: 71.47 Change: 0.44 Thursday June 18, 2009 13:05 CDT
(2:05 PM) tomthetrader: Dollar in Spike up what gives ?
(2:06 PM) tomthetrader: ALL EARS
(2:06 PM) DE_TTT: Gold getting waxed also, Tom.
(2:07 PM) tomthetrader: Yes 940 many were TRAPPED
(2:07 PM) tomthetrader: DGZ ?
(2:07 PM) tomthetrader: I want Gold at 400.00
(2:07 PM) tomthetrader: DZZ
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(2:08 PM) ajayvee: this market is making me DZ
(2:08 PM) DE_TTT: Wrt semis, some data points now coming out of Taiwan that chip foundries are scaling back. First time I've heard that in awhile.
(2:08 PM) Fulkdaddy: Gartman just initiated a position in Gold at 930...stop at 928
(2:08 PM) Fulkdaddy: I think he did it yesterday
(2:09 PM) tomthetrader: DZZ is the play for a strong dollar with UUP and DUG ?
(2:09 PM) tomthetrader: DXD
(2:09 PM) tomthetrader: SDS
(2:09 PM) tomthetrader: BGZ
(2:09 PM) tomthetrader: we are going to TANK ?
(2:10 PM) richardt_5: I have DXD @47.00....... lets tank
(2:10 PM) tomthetrader: YRWC was up big early now fallling off cliff
(2:10 PM) Fulkdaddy: If gold rolls over here, it looks like there is no stopping it until 865
(2:11 PM) DE_TTT: YRCW, Tom...lol...every time!
(2:11 PM) ajayvee: YRWC talking bankruptcy here in the local paper
(2:11 PM) tomthetrader: It's a disease !
(2:12 PM) ajayvee: achooo!
(2:12 PM) tomthetrader: DE ! you catch everyone !
(2:12 PM) tomthetrader: stop AJ !
(2:12 PM) jaxbrown22: in DXD july 45's @3.40
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(2:13 PM) tcb66: TF turned away right at trendline since Monday.....third lower high since then
(2:13 PM) DE_TTT: LOL
(2:14 PM) tomthetrader: TF great point
(2:14 PM) tomthetrader: Q's unch
(2:14 PM) tomthetrader: even with drop in Dow
(2:14 PM) tomthetrader: is this all options ex related?
(2:15 PM) thomas_Poland: com on .. I blew this trade
(2:15 PM) thomas_Poland: I wan blood
(2:15 PM) tomthetrader: mxim
(2:16 PM) tcb66: Bonds trying to put in a bottom here
(2:16 PM) tomthetrader: everything stabilizing
(2:17 PM) ajayvee: VIX sub-30 again
(2:17 PM) tomthetrader: 2:30pm shouldbe just stocks to fight it out ? Rally on nothing but short covering if they turn here
(2:17 PM) tomthetrader: 914-925
(2:17 PM) tomthetrader: 917 guesstimate close tomorrow 4pm
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(2:23 PM) eman11: Tom should we sell DXD when SPX reaches 914
(2:23 PM) tomthetrader: Yes
(2:23 PM) tomthetrader: or sooner ...I would sell DXD now
(2:24 PM) tomthetrader: I am really afraid they will spike us up to HOD very soon
(2:24 PM) Fulkdaddy: Kass is getting short into the ramp
(2:24 PM) Fulkdaddy: posted at 2:11 pm
(2:24 PM) tomthetrader: Bears can't seem to take us down so it has to be options EX
(2:26 PM) tomthetrader: for now very CHICKEN
(2:27 PM) berniectx: glad you are guiding us I am always scared of any loss, but have you and this great group!!
(2:27 PM) tomthetrader: locked in a very good week ..don't want to give 1 penny back
(2:27 PM) tomthetrader: Thanks Bernie ...you may have to shovel it at times but we give you the info and ideas .,...you make the calls ..great job
(2:28 PM) tomthetrader: we love having you on the TTT team
(2:28 PM) tomthetrader: Kass says he is selectively shorting
(2:28 PM) tomthetrader: selecting what is down ?
(2:29 PM) tomthetrader: only TTT Shows penny to penny every trade ? don't know anyone else who does ?
(2:29 PM) redTest: every rally attempt has be squashed since noon
(2:29 PM) Fulkdaddy: He did not say, just said he is "picking his spots"
(2:29 PM) Fulkdaddy: His favorite long is LNC.
(2:29 PM) tomthetrader: yes but is it sellers of Options related or is it a bigger TOP forming
(2:31 PM) redTest: yes
(2:31 PM) DE_TTT: MAYBE
(2:31 PM) redTest: again smacked back down
(2:31 PM) tomthetrader: top /
(2:32 PM) tomthetrader: DE ? Possible TOP ?
(2:32 PM) arujunaa: are you guys following the libor story?
(2:32 PM) tomthetrader: or OpEx crud?
(2:32 PM) *** dhmohan1963 has joined the room ***
(2:32 PM) tomthetrader: Libor I am not ..I left Libor a while back ., what is going on ?
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(2:33 PM) dhmohan1963: tom why did we close evry thing
(2:33 PM) arujunaa: the bba in london have said they will change the way libor is set by including new banks in the libor fixing process
(2:33 PM) Fulkdaddy: There is a post on RealMoney I will send on LIBOR
(2:33 PM) dhmohan1963: i have been on off the board
(2:33 PM) tomthetrader: DMOHAN CORRECTION NEAR
(2:33 PM) arujunaa: so now, there may be lower quality banks involved
(2:33 PM) arujunaa: which means that lending rates may spike
(2:34 PM) tomthetrader: Right so this could be another shoe Aruj ?
(2:34 PM) arujunaa: that's the why the short end of the treasury curve is getting smoked
(2:34 PM) tomthetrader: this is part of this credit inavailibilty
(2:34 PM) arujunaa: it could be. it's bad for banks if spreads widen
(2:34 PM) arujunaa: which they are
(2:34 PM) tomthetrader: and why some are saying the consumer will stop in their tracks /
(2:35 PM) arujunaa: the consumer has baffled me for 6 months now
(2:35 PM) tomthetrader: covered ES u9 913.00 4.5 points
(2:35 PM) tomthetrader: Consumer is NOT back
redliontrader: 100% Cash Traders & IRA, 10% long Main in POT
(2:35 PM) tomthetrader: Press says they are
(2:35 PM) tomthetrader: They are not
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(2:36 PM) Fulkdaddy: I agree...on the consumer
(2:36 PM) *** Freezinalberta has joined the room ***
(2:36 PM) tomthetrader: The savings rate and credit limits and scores will go up but that won'y help KSS JCP and hundreds others
(2:36 PM) berniectx: in the Dallas marketplace it seems people are still spending at least from my observations when I go to a mall
(2:36 PM) Fulkdaddy: There is going to be a shift in consumer behavior similar to what happened with those who went through the depression...much higher savings rates and less discreationary spending
(2:37 PM) tomthetrader: Yes TX has been Immune ?
(2:37 PM) Fulkdaddy: Bernie, do you live in an affluent area?
(2:37 PM) tomthetrader: It seems like TX and CAL are opposite ends of world
(2:37 PM) tomthetrader: FL consumer is stifled
(2:37 PM) DE_TTT: 14:22 U.S. tracking North Korean ship suspected of carrying weapons or nuclear material- Fox News Channel
(2:37 PM) Fulkdaddy: MI dead
(2:37 PM) berniectx: suburb of Dallas, went through the collapse here in the late 80's this is nothing compared to that
(2:37 PM) tomthetrader: Thanks DE
(2:37 PM) Fulkdaddy: property values are now down 40-50% in MI
(2:38 PM) thomas_Poland: Nasdaq breadth is getting better ?
(2:38 PM) tomthetrader: Yes
(2:38 PM) DE_TTT: Libor will be a new animal as of tomorrow according to Reuters, the British Bankers' Associations survey to derive the daily Libor which hit yet another record low today, with the 3-mo dollar Libor set at 0.061%, is going to be open to banks based outside of London.
(2:38 PM) tomthetrader: NAZ looking for help though
(2:38 PM) DE_TTT: The rate, the veracity of which has been in question over the past year and as a result prompted the development of an alternative NY based survey, measures the level at which representative banks say they can borrow from other banks for "X" period of time in a given currency.
(2:38 PM) DE_TTT: The change "will allow the submission of rates from banks participating in the London market but without a physical base." The change in the definition goes into effect Fri and may see a gap up in Libor rates as a result of the added participants.
(2:39 PM) Fulkdaddy: aruj, nailed it
(2:39 PM) Fulkdaddy: Nice to have a top bond trader here!
(2:40 PM) arujunaa: you flatter me
(2:40 PM) tomthetrader: Aruj # 1 Bond Guru ...PIMCO wants Aruj but I won't let him go !
(2:40 PM) dhmohan1963: remember during cris time it went up to 3.5% if i am mnot mistaken
(2:40 PM) arujunaa: you have to do yoga if you join pimco
(2:41 PM) tomthetrader: Plus he has contractual obligations til 2020
(2:41 PM) tomthetrader: Correct DH mohan
(2:41 PM) tomthetrader: that is another reason to think we correct
(2:42 PM) thomas_Poland: aruj you should do anything only for Bond King to touch you
(2:42 PM) tomthetrader: Thomas ...always with the "touching "
(2:42 PM) tomthetrader: what is up with you lover boy /
(2:43 PM) ajayvee:
(2:43 PM) thomas_Poland: come on 1
(2:43 PM) thomas_Poland: you will not let me be quiet
(2:43 PM) arujunaa: tp, do you want to keep that bike of yours?
(2:43 PM) tomthetrader: Thomas is like AC / DC
(2:43 PM) dhmohan1963: how this anticipated libor rise be used to trade tom for understanding
(2:44 PM) dhmohan1963: or aruj you can educate please
(2:45 PM) redTest: FYI - The value line index used to track the NedDavis/Zweig 4% week over week trading system is below the 4% mark. If no improvement tomorrow the system will trade out of RRY.. Currently the system is up 60.1% since 3/13..
(2:45 PM) tomthetrader: Aruj or DE can you guys answer DH ?
(2:45 PM) thomas_Poland: I can .. but I do not know what lIbor is
(2:45 PM) tomthetrader: Thanks RED ...have we gotten a 4% sell signal yet ?
(2:45 PM) thomas_Poland: kidding
(2:46 PM) arujunaa: sorry. jammed right now
(2:46 PM) redTest: yes
(2:46 PM) redTest: 5/15
(2:46 PM) redTest: once
(2:46 PM) redTest: renenter 5/29
(2:47 PM) tomthetrader: OK
(2:47 PM) hibuck2: Thomas LIBOR= London interbank Ofered rate
(2:48 PM) thomas_Poland: hibuck2 .. I was kidding
(2:48 PM) dhmohan1963: that ir the rate at which banks loan money to each other while making payment overnight
(2:48 PM) dhmohan1963: sorrydid not get the joke
(2:49 PM) hibuck2: o sorry
(2:49 PM) tomthetrader: sell signal coming with weakness
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(2:53 PM) tomthetrader: 925 I think is Now a LONG TERM TOP
(2:53 PM) tomthetrader: not int ...
(2:53 PM) *** vjanakir61 has joined the room ***
(2:53 PM) tomthetrader: we are seeing some signs of a DROP I do not like
(2:57 PM) richardt_5: edge of cliff?
(2:58 PM) *** csu30 has joined the room ***
(2:58 PM) richardt_5: nope
(3:01 PM) Fulkdaddy: Last time Tom said this was in the middle of 2008...yikes!
(3:02 PM) tomthetrader: I think the market could easily retest 888 next week and then up to a higher power
(3:02 PM) tomthetrader: I wanted to get longer there but we may be looking more suspiciously
(3:03 PM) tomthetrader: as sentiment LONG term needs some real FEAR
(3:03 PM) tomthetrader: I would like to get another Bear and another Bull before XMAS ?
(3:03 PM) tomthetrader: we could get it ?
(3:04 PM) Fulkdaddy: Cashin agrees with you...he said we need to go down enough to scare out the weak holders
(3:04 PM) Fulkdaddy: LEA on a steady drop all day
(3:05 PM) Fulkdaddy: 1.04
(3:05 PM) tomthetrader: Great short on LEA
(3:05 PM) tomthetrader: we will add our short positions now
(3:06 PM) tomthetrader: 10% DXD we will add now with a 4% stop
(3:06 PM) tomthetrader: let's add DXD officiallyhere
redliontrader: K
(3:06 PM) tomthetrader: 47.00 OK
(3:07 PM) tomthetrader: DXD
(3:07 PM) richardt_5: Im In
(3:07 PM) tomthetrader: 47.00 DXD 1st layer of 10%
(3:07 PM) tomthetrader: we wil probably go 10% every 2 hpours til the Friday close OK
(3:07 PM) tomthetrader: RED can you do that ?
(3:07 PM) tomthetrader: remind us where we are ?
(3:08 PM) tomthetrader: right now 10% and then tomorrow will add 10% every 2 hours til close
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(3:10 PM) richardt_5: And I will!!
redliontrader: yes. 10% now and 10% every 2 hours tomorrow, first fill tomorrow at 11:30am?
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(3:11 PM) tomthetrader: Yes
(3:11 PM) tomthetrader: unless we audible
redliontrader: np
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(3:12 PM) eman11: filled at 46.96
(3:12 PM) tomthetrader: we may add 10% at the close or just after the close today to get 20% today
(3:12 PM) richardt_5: I beefed up my Fidelity acct. to trade with you guys
(3:12 PM) richardt_5: and gals
(3:13 PM) tomthetrader: don't forget the gals ..they outrade us ....
(3:13 PM) tomthetrader: right girls .....
(3:13 PM) richardt_5: I watched you for months..... you are a great timer Tom and Red
(3:14 PM) Freezinalberta: is DZZ and DUG still good plays?
(3:14 PM) tomthetrader: thanks for the kind words ...we live it and love it ....try to keep it honest and fun
(3:14 PM) tomthetrader: yes
(3:15 PM) Freezinalberta: txs
(3:15 PM) tomthetrader: GOLD may spike on a panic but I doubt it 800 here we come
(3:15 PM) redTest: i am not so sure about my timing... I am holding both DXD and DDM now..
(3:16 PM) Freezinalberta: taking grandson (15 months)to swimming lessons see you fri
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(3:16 PM) tomthetrader: Nothing wrong with a good STRADDLE RED ..just ask Thomas ?
(3:16 PM) tomthetrader: OOOPs sorry TP ...
(3:16 PM) tomthetrader:
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(3:23 PM) tomthetrader: 46.93-54.95 target for 1-5 days DXD
(3:24 PM) tomthetrader: The Up Issues Ratio is at 61%, but the Up Volume Ratio is only 53%. These two stats make up the Arms Index (more commonly known as the TRIN). When the S&P has rallied at least 0.75% but the TRIN was above 1.25, it had a fairly negative connotation over the next couple of days
(3:25 PM) tomthetrader: the day of triple witch has been positive 78% of the time since the inception of the futures in 1982, although three of the last four failed to follow
(3:27 PM) ajayvee: isn't end of quarter a quadruple witch?
(3:28 PM) tomthetrader: Yes
(3:28 PM) tomthetrader: 1st stage overtoday
(3:28 PM) tomthetrader: we close out futures and options on futures today
(3:29 PM) tomthetrader: so today begins quad witch
(3:29 PM) tomthetrader: tomorrow 3x
(3:30 PM) tomthetrader: 30 min of fun
(3:31 PM) tomthetrader: ES following the dollar /
(3:32 PM) tomthetrader: RIMM 76.30 looking negative
(3:32 PM) redTest: i picked up some RFY FT Rimm 75 jun calls.. @ 4.50.. was that an overnight spec play on earnings call?
(3:33 PM) tomthetrader: Yes
(3:33 PM) hibuck2: RIMM RFY FT 4.55 - 4.60
(3:34 PM) tomthetrader: tomthetrader: anyone want to put a options quote out here
tomthetrader: on RIMM 75 calls June
(10:39 AM) hibuck2: RFY FT @ 4.75 4.80
(3:35 PM) tomthetrader: Joe terranova is not the best of traders
(3:35 PM) tomthetrader: " I think he is the worst of the lot
(3:36 PM) tomthetrader: 29.77 VIX
(3:36 PM) tomthetrader: time to buy vix calls
(3:36 PM) netherbow1: what happened to Jeff Mackie ?
(3:36 PM) berniectx: I like the brothers from Chicago
(3:37 PM) hibuck2: yes
(3:37 PM) ajayvee: google Jeff Macke - he talked real gibberish one day and they did not renew his contract
(3:37 PM) berniectx: I kind of like Melissa being in charge not too much ego with her
(3:38 PM) tomthetrader: Dylan R is making everyone mad at MSNBC as many are offended by his arrogance
(3:38 PM) Fulkdaddy: she is better than Dylan
(3:38 PM) tomthetrader: 47.09 DXD
(3:39 PM) hibuck2: VIX HJ 50.00 @ .75 -.90
(3:39 PM) hibuck2: VIX HF 30.00 AUG 4.50 4.80
(3:40 PM) hibuck2: july VIX GF 4.10 4.30
(3:40 PM) eman11: Maybe we can all chip in an get you a subscription ooption monster
(3:40 PM) hibuck2: aug seem to me better?
(3:40 PM) tomthetrader: I think that would be agreat investment ..I had it back in the 2003-2007 Bull but let it lapse
(3:41 PM) tomthetrader: (3:39 PM) hibuck2: VIX HF 30.00 AUG 4.50 4.80
(3:41 PM) Harrod_t: I would go for part!
(3:41 PM) hibuck2: Najarian said the other day big boys were buying Aug 50.
(3:41 PM) tomthetrader: VIXHF lets just get 10 contracts at bid of 4.60
(3:42 PM) tomthetrader: Not a big spender here
(3:42 PM) eman11: How much is a subscription going for? if we all chip in between $20-50.
(3:43 PM) tomthetrader: For those whom like more options trades ...send me an e-mail and we will work out Options Monster
(3:43 PM) tomthetrader: $1500 ?
(3:43 PM) tomthetrader: let's look
(3:44 PM) Alert: Whisper sent.
(3:45 PM) tomthetrader: $500 per month on my old account
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(3:46 PM) richardt_5: Yikes
(3:46 PM) richardt_5: lol
(3:46 PM) tomthetrader: Yes...I have 2 services from CBOE and ISEE that are 3-4K
(3:46 PM) redTest: ARAK99 - could you respond to my IM please?
(3:47 PM) hibuck2: what if we all chip in how much 1500.00/38=39.50
(3:48 PM) tomthetrader: Naz -
(3:48 PM) tomthetrader: market in correction
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(3:49 PM) tomthetrader: 914 SPX Key
(3:49 PM) richardt_5: count me in on any investment in this wonderful room
(3:50 PM) richardt_5: but only if you play southern rock at the end of the day
(3:50 PM) tomthetrader: thank you ...we will contact them and work out a discount
(3:50 PM) tomthetrader: RIMM Options
(3:50 PM) jaxbrown22: That's a buy....options = bang for the buck.
(3:50 PM) tomthetrader: 247K puts
(3:50 PM) tomthetrader: 304K calls
(3:50 PM) tomthetrader: Not a + sign
(3:52 PM) redTest: pefect timing
(3:52 PM) redTest: even perfect
(3:52 PM) tomthetrader: Yes
(3:52 PM) tomthetrader: we can do it once in a blue moon
(3:53 PM) redTest: lol
(3:54 PM) tomthetrader: DXD stops Break even
redliontrader: Breakeven stops on DXD
(3:54 PM) tomthetrader: LEA 1.06 going to 0.00
(3:55 PM) thomas_Poland: how many iphones can you buy?
(3:55 PM) stevefl_64: some reccession
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(3:55 PM) thomas_Poland: paris hilton bought 10
(3:55 PM) tomthetrader: AAPL 700K shipped new last week ?
(3:55 PM) thomas_Poland: so how many more?
(3:56 PM) thomas_Poland: come on
(3:56 PM) tomthetrader: stop
(3:56 PM) thomas_Poland: market what ???
(3:56 PM) tomthetrader: right there
(3:56 PM) tomthetrader: stop
(3:56 PM) tomthetrader: OK
(3:56 PM) tomthetrader: No way
(3:56 PM) tomthetrader: will you
(3:56 PM) thomas_Poland: penetration???
(3:56 PM) tomthetrader: go any
(3:56 PM) tomthetrader: further
(3:56 PM) tomthetrader: OK
(3:56 PM) tomthetrader: Just let it go
(3:56 PM) tomthetrader: OK
(3:56 PM) tomthetrader: Is it gone
(3:56 PM) richardt_5: lol
(3:57 PM) thomas_Poland: are we talking about IPhone? or AUXL?
(3:57 PM) tomthetrader: or is it down ?
(3:57 PM) tomthetrader:
(3:57 PM) thomas_Poland:
(3:57 PM) tomthetrader:
(3:57 PM) thomas_Poland: you said it yourself
(3:57 PM) thomas_Poland: with Atilla
(3:57 PM) thomas_Poland:
(3:58 PM) derr11: Current iPhone users will want to upgrade. This will also be a windfall for AT & T because the rates on the new phones are higher.
(3:58 PM) thomas_Poland: where is craig?
(3:59 PM) eman11: AT&T will probably lose I=Phone exclusivity next year
(3:59 PM) tomthetrader: we will add 10% more at the close here OK just after the close
(4:00 PM) tomthetrader: 47.13
(4:00 PM) tomthetrader: anyone else
(4:00 PM) richardt_5: Another great day.. Thanks Tom&Red
(4:00 PM) tomthetrader: adding 10%
(4:00 PM) tomthetrader: Thank you
(4:01 PM) tomthetrader: next at 11:30 am
(4:01 PM) netherbow1: thxs TOM and everyone for posts
(4:01 PM) netherbow1: waiting for RIMM
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(4:01 PM) tomthetrader: Thank you and great MEA trade
(4:01 PM) berniectx: thanks everyone be careful
(4:01 PM) tomthetrader: WOW MEA
(4:01 PM) tomthetrader: Thank youall
(4:02 PM) tomthetrader: anyone else nail 47.13 ?
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(4:02 PM) tomthetrader: 47.00 and 47.13 10% each should get us into next wave
(4:03 PM) eman11: I have an order in at 47.24, but not filled yet
(4:03 PM) nimesh_: rimm spiked up a little, thought earnings were released
(4:04 PM) eman11: OK cancelled it
(4:05 PM) tomthetrader: 46.75 - 47.15
(4:05 PM) eman11: If RIMM earnings are strong we get a dip AH
(4:05 PM) nimesh_: what is current position in traders?
(4:05 PM) tomthetrader: DXD try not to pay up we can go into options
(4:05 PM) tomthetrader: 20% short using DXD
(4:05 PM) netherbow1: RIMM popping
(4:06 PM) hibuck2: RIMM 3.42 bil
(4:06 PM) Fulkdaddy: RIMM down
(4:06 PM) nimesh_: selling
(4:06 PM) netherbow1: whoops - reversed
(4:06 PM) hibuck2: Net 643.m
(4:06 PM) nimesh_: crazy
(4:06 PM) nimesh_: not as big as last quarter
(4:06 PM) nimesh_: last quarter was $10 move
(4:06 PM) DE_TTT: Research In Motion prelim $0.98 vs $0.94 First Call consensus; revs $3.42 bln vs $3.43 bln First Call consensus
(4:06 PM) nimesh_: -4
(4:06 PM) nimesh_: -4.5
(4:07 PM) DE_TTT: Research In Motion sees Q2 $0.94-1.03 vs $0.97 First Call consensus; sees revs $3.45-3.70 bln vs $3.61 bln First Call consensus
(4:07 PM) nimesh_: hehe, too quick
(4:07 PM) Fulkdaddy: Street was looking for $3.43 billion rev...$3.42 act
(4:07 PM) Fulkdaddy: EPS street was looking for 94-96 cents...actual was 98
(4:09 PM) nimesh_: tom, $3 move is nothing for rimm
(4:09 PM) tomthetrader: RIMM we bought in March
(4:10 PM) nimesh_: last quarter rimm went from 45 to 60 in 1 day
(4:10 PM) tomthetrader: yep
(4:10 PM) tomthetrader: I sold right before that !
(4:10 PM) nimesh_: don't we always get out before the big move
(4:10 PM) nimesh_:
(4:10 PM) nimesh_: i always do that
(4:10 PM) Fulkdaddy: 7.8 milliion blackberry's shipped...they were looking for 8.4 million
(4:11 PM) tomthetrader: Options Monster nailed it
(4:11 PM) tomthetrader: they are pout at 74.00
(4:11 PM) DE_TTT: Gross Margins light
(4:11 PM) tomthetrader: just a touch and I think they are doing unreal ?
(4:11 PM) nimesh_: tom, i have read somewhere before that rimm is not always truthful, have u heard anything like that
(4:12 PM) hibuck2: RIMM 75. June puts were RFY RT 3.20-3.35
(4:12 PM) tomthetrader: good report
(4:12 PM) tomthetrader: I think
(4:12 PM) nimesh_: all out about sentiment i guess
(4:13 PM) tomthetrader: who is buying all these things /
(4:13 PM) tomthetrader: yes
(4:13 PM) Fulkdaddy: Kass said device adds and sub additions were weak at RIMM and he shorted it on the announcement
(4:13 PM) hibuck2: I never can figure out earnings what I think is good the market doesn't
(4:14 PM) DE_TTT: Net new subscriber additions...high margin stuff
(4:14 PM) tomthetrader: OK
(4:15 PM) tomthetrader: addingVOIP or new features etc
(4:15 PM) tomthetrader: all the add ons
(4:15 PM) tomthetrader: and serices go to t-mobile T andVZ etc
(4:15 PM) tomthetrader: services
(4:15 PM) nimesh_: why did iwm rally?
(4:15 PM) richardt_5:
(4:15 PM) Fulkdaddy: Another great TTT call to short more at the close prior to the RIMM announcement
(4:16 PM) Fulkdaddy: Coach Tom is the man1
(4:16 PM) Fulkdaddy: man!
(4:16 PM) tomthetrader: Maybe a longer term top in place /
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(4:16 PM) tomthetrader: lot of call buying at the close
(4:16 PM) tomthetrader: meaning there is still speculation
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(4:20 PM) tomthetrader: any thoughts
(4:20 PM) richardt_5: see you all tomorrow..Have a great night
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(4:20 PM) tomthetrader: ok
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(4:21 PM) derr11: Tom , good trading day. Back on Monday.
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(4:21 PM) tomthetrader: take care !
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(4:22 PM) tomthetrader: DXD quote now ?
(4:22 PM) tomthetrader: stop all DXD at 47.00
(4:22 PM) ajayvee: 47.34
(4:22 PM) tomthetrader: thanks
(4:25 PM) tomthetrader: Kass says he is short RIMM now
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(4:28 PM) arak99: Tom, 24th is Fed day. Do you intend to continue with shorts into it?
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(4:56 PM) ajayvee: so do we keep stops after hours/pre-market or just during regular session?
(4:57 PM) tomthetrader: keep stops off ah
(4:57 PM) tomthetrader: we officially can only get stopped 9;30-4-15pm
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(4:59 PM) Alert: Talk to Persian Radio's Roya Teimouri about the latest events in Iran LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:00 PM) ajayvee: ok tnx
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(5:26 PM) Alert: Talk to Persian Radio's Roya Teimouri about the latest events in Iran LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
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(7:19 PM) tomthetrader: Getting a chance to short YM and ES and TF and NQ at better prices
(7:19 PM) tomthetrader: the spike up will not hold into next week
(7:19 PM) tomthetrader: we will continue to hold ...remember to take stops off on DXD
(7:19 PM) tomthetrader: no AH stop outs
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