(9:45 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(9:45 AM) Alert: Hi , Welcome to TTT
(9:45 AM) hibuck2: NYSE A/D +1823
(9:45 AM) hibuck2: $PCRCO 1.01
(9:46 AM) hibuck2: $TRIN .63 $TRIQE .88
(9:46 AM) Fulkdaddy: hibuck what is $SPCRO?
(9:46 AM) hibuck2: $TNX 38.60 3.86
(9:46 AM) hibuck2: put cal ratio
(9:46 AM) Fulkdaddy: what one?
(9:46 AM) thomas_Poland: vwap will be stronger every minute?
(9:46 AM) Fulkdaddy: equity only, index?
(9:46 AM) thomas_Poland: lets break it now
(9:47 AM) Fulkdaddy: BKX rolling over
(9:49 AM) Fulkdaddy: hibuck, equity only P/C or index?
(9:52 AM) hibuck2: its from CBOE
redliontrader: we are offically 20% Short in Traders, 10% long in Main and 100% Cash in IRA
(9:54 AM) Fulkdaddy: Equity only P/C is dumb money
(9:54 AM) tomthetrader: they are buying VALUE plays in TECH like MSFT and EMC INTC ...safe growers
(9:55 AM) Fulkdaddy: I do not know what CBOE is reporting
(9:55 AM) tomthetrader: CBOE has about 100 good resources including their popular Dr J videos ..a great vidoe center
(9:56 AM) Fulkdaddy: Trader Vic rule....held the gap so 95% of the time, the market will continue in the direction of the gap
(9:56 AM) Fulkdaddy: Although this is options exp
(9:56 AM) tomthetrader: 72.00 oil just seems to be about 20% overpriced
(9:57 AM) tomthetrader: we have fair value at 917 SPX cash close
(9:57 AM) thomas_Poland: yes dave
(9:57 AM) thomas_Poland: but it does not mean we cannot go lower
(9:57 AM) tomthetrader: we will see how close we get ...DOW I will give at 3:00pm
(9:57 AM) thomas_Poland: but if we do we should go long later
(9:57 AM) thomas_Poland:
(9:58 AM) tomthetrader: Solars and Oil doing well
(9:58 AM) tomthetrader: after oil stocks have had a horrible week
(9:58 AM) tomthetrader: but oil remains near highs of the run
(9:59 AM) tomthetrader: major double tops and head and shoulders forming on all major integrated oils
(9:59 AM) tomthetrader: HESS has had a rough week
(10:05 AM) Fulkdaddy: BKX in a rising bear wedge on the hourly chart
(10:06 AM) tomthetrader: C short
(10:06 AM) tomthetrader: JPM short term short
(10:08 AM) tomthetrader: ETFC done ?
(10:08 AM) tomthetrader: a short to 0
(10:09 AM) tomthetrader: WFC was one of my fave stocks ...now I dislike it as California Muni Bonds may default?
(10:09 AM) tomthetrader: People don't talk much about Californias Bankrpt state
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(10:11 AM) thomas_Poland: die bulls
(10:12 AM) tomthetrader: DIE BULLS
(10:13 AM) Fulkdaddy: Die Bulls!
(10:13 AM) thomas_Poland: now my short does not look so stupid
(10:14 AM) thomas_Poland: die VIC
(10:14 AM) Fulkdaddy: Tom, you and Kass are right on so far on this gap up being sold off
(10:14 AM) Fulkdaddy: right on Thomas!
(10:15 AM) Fulkdaddy: BKX negative
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(10:16 AM) Fulkdaddy: A/D is stubborn...1200
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(10:17 AM) tomthetrader: I STILL WANT A PIECE OF OIL MUCH LOWER OTHER THAN FUTURES
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(10:23 AM) tomthetrader: below VWAP
(10:25 AM) thomas_Poland: yes
(10:25 AM) thomas_Poland: finally
(10:25 AM) thomas_Poland:
(10:27 AM) hibuck2: NYSE A/D +1421
(10:27 AM) hibuck2: $PCRCO 1.12
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(10:28 AM) hibuck2: $TRIN .86 $TRIQE 1.16
(10:28 AM) hibuck2: $TNX 38.32 3.83
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(10:34 AM) thomas_Poland: I am out
(10:34 AM) thomas_Poland: hmm
(10:34 AM) thomas_Poland: will reshort later
(10:35 AM) tomthetrader: party pooper?
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(10:40 AM) Freezinalberta: paltalk blowing me away 3 times this am I am running off of chat on TTT hedge
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(10:44 AM) Fulkdaddy: Freezin, I bought the $40/yr Paltalk subscription and all my considerable Paltalk issues went away...well worth it
(10:44 AM) Fulkdaddy: Consider that your "tip of the day"
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(10:45 AM) jaxbrown22: Tom GM Where do we stand on FAZ for 1-5 days
(10:45 AM) tomthetrader: I have heard that from many
(10:45 AM) Harrod_t: Same experience with Paltalk. Worth the $40.
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(10:46 AM) tomthetrader: FAZ coming back down ...would love to buy at 4.50 but more reasonable to Buy FAZ on the close today
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(10:46 AM) jaxbrown22: Thats a plan!
(10:47 AM) tcb66: Aruj - What support levels are you looking at in the bonds today? So far a nice reversal after this morning's selloff.
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(10:53 AM) tomthetrader: rotating around 920 VWAP
(10:54 AM) tomthetrader: we will buy 10% DXD at 11:30pm avg price from 11:30-11:30:59
(11:00 AM) arujunaa: tcb: i bought my last 25% early this morning at 113.75. so now i am 100% long from an ave of 114.23. we are currently trading 114.125. for me, 113.50ish has held and so i feel a little better being long for now. fridays have been a crapshoot for bonds and so i need to see how we close. but for now 113.75 is my pivot. if i am correct, we should see 114.625ish
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(11:06 AM) hibuck2: NYSE A/D +1550
(11:07 AM) hibuck2: $PCRCO 1.01
(11:07 AM) hibuck2: $TRIN .67 $TRIQE .98
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(11:08 AM) hibuck2: JNJ breaking above 4 month high
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(11:10 AM) hibuck2: @ 56.54 now trading @ 56.61
(11:10 AM) tcb66: Thx Aruj...I missed that enty on the sell off this morning...too focused on the index futures this morning....looking for a pullback now. I would expect a rally into the FOMC Wednesday.
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(11:17 AM) rjllanas: hello
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(11:20 AM) hibuck2: $VIX 28.05
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(11:20 AM) hibuck2: $PCRCO .99
(11:21 AM) hibuck2: NYSE A/D +1501
(11:21 AM) tcb66: RIMM continues to sell off while NAZ rallies....tough to step in front of this freight train and get short
(11:22 AM) redTest: Tom, we are all over the place as far as who is holding what in DXD, some added at close, some stopped out... Should we catch up and add to 30% at 11:30 to match up?
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(11:26 AM) arujunaa: tcb, i am taking profits on 50% here at 114.41. if we wash back again, i want to have some powder. still long 50% from 114.23. but the 200 period ma on 5 min chart is just above here at 114.53
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(11:29 AM) hibuck2: love that Kudlow he is a bully
(11:30 AM) Fulkdaddy: Kudlow sucks
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(11:31 AM) hibuck2: he has glass allways half full
(11:31 AM) hibuck2: with green shoots he started in the glass of water
redliontrader: 10% DXD added at 46.72
(11:34 AM) tomthetrader: better price which is good
(11:35 AM) tomthetrader: Thanks Aruj...good trades there
(11:35 AM) arujunaa: ty
(11:36 AM) tomthetrader: Gold can't move above 940.00 I want to short very bad
(11:36 AM) tomthetrader: Most people have no idea how difficult trading the interest rate futures are ...how much competition
(11:37 AM) tomthetrader: It is a really high stress adventure as most think it is Boring !
(11:37 AM) tomthetrader: Public is not very much in touch ..agree aruj
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(11:39 AM) tomthetrader: seasonal cycle low in VIX ...we should get some good VIX calls ...we got a bid yesterday but no fills
(11:40 AM) tomthetrader: VIC calls for 5% today OK ?
(11:40 AM) tomthetrader: VIX
(11:40 AM) tomthetrader: Calls
(11:40 AM) Harrod_t: presently 4.1X4.4
(11:40 AM) hibuck2: VIX HF 30. @ 4.10 4.40
(11:40 AM) tomthetrader: 30.00
(11:40 AM) tomthetrader: let's buy some
(11:40 AM) tomthetrader: 4.25 OK
(11:41 AM) tomthetrader: 10 at 4.25
(11:41 AM) hibuck2: Aug 32.50 VIX HZ 3.20 3.50
(11:41 AM) tomthetrader: see if they fill and we will add as they get moving
(11:41 AM) tomthetrader: let's try to get into the highest OI contract to AUG near the money
(11:43 AM) berniectx: Tom any thoughts on shorting the Vegas Casinos? Was there a few weeks ago and the crowds were very thin compared to couple years ago
(11:44 AM) tomthetrader: LVS and WYNN are setting up for a short ...I certainly agree with you there
(11:44 AM) tomthetrader: Timing is everything and now may be a great time to go to Aug puts in these
(11:44 AM) berniectx: thx
(11:45 AM) tomthetrader: Great Idea
(11:45 AM) tomthetrader: they are on my SELL scans ...with 1500 but still there
(11:50 AM) hibuck2: u gota love that
(11:51 AM) arak99: oil is basing off USD index going lower
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(11:55 AM) tomthetrader: China orders GOOG to restrict seraches ?
(11:56 AM) tomthetrader: TP
(11:56 AM) tomthetrader:
(11:57 AM) thomas_Poland: what ?
(11:57 AM) arak99: haha
(11:57 AM) tomthetrader:
(11:58 AM) tomthetrader:
(11:58 AM) tomthetrader:
(11:58 AM) tomthetrader: TP Total Porn ?
(11:58 AM) tomthetrader: 1:30pm we add 10% short DXD
(11:59 AM) tomthetrader: unless Thomas says NO
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(11:59 AM) energy2x: WWW videos (Wild Warsaw Women)
(11:59 AM) tomthetrader: LVS a short ...maybe just short the stock here ?
(11:59 AM) tomthetrader: LOL
(11:59 AM) redTest: not to feed into tom and tp's disccusion but DXD has a nice double bottom at6 46.50
(11:59 AM) tomthetrader: Gdansk Girls Gone Goog ?
(11:59 AM) energy2x: lol
(12:02 PM) thomas_Poland: come on ..
(12:02 PM) thomas_Poland: I did not say anything
(12:02 PM) thomas_Poland: and you again ?
(12:02 PM) thomas_Poland:
(12:02 PM) tomthetrader:
(12:02 PM) thomas_Poland: you push me into this
(12:02 PM) thomas_Poland: do you really want to keep it G rated ?
(12:02 PM) thomas_Poland: I can make it porn rated
(12:02 PM) thomas_Poland:
(12:03 PM) tomthetrader: VIX calls are a BUY here on the next rally ...lets make sure we get 5% VIX calls
(12:04 PM) tomthetrader: VIX calls lets make sure
(12:04 PM) tomthetrader: we lamd them
(12:04 PM) hibuck2: VIX HF @ 4.30-4.50
(12:04 PM) hibuck2: OI 16,101 vol 368
(12:11 PM) thomas_Poland: ok I took profits now from short
(12:11 PM) thomas_Poland: it should go down faster now
(12:12 PM) tomthetrader: good vix calls 5 per cent herebid 4.40 10 contracts
(12:13 PM) thomas_Poland: shoot .. I am looking for long now ..
(12:13 PM) thomas_Poland: just for day trade of coursr
(12:14 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(12:14 PM) Alert: Hi , Welcome to TTT
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(12:14 PM) tomthetrader: we will sell the 46.72 now and reenter later
(12:14 PM) tomthetrader: at DXD
(12:15 PM) tomthetrader: 12:13-14
(12:15 PM) tomthetrader: 47.07 08
(12:15 PM) tomthetrader: Sold 10% DXD
(12:15 PM) tomthetrader: will reenter
(12:16 PM) tomthetrader: bought 500 at 46.72 sold 500 at 47.07
redliontrader: sold 10% dxd @ 47.07
(12:16 PM) tomthetrader: 47.08 either one
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(12:18 PM) tomthetrader: still on schedule to add DXD at 1:30pm
(12:18 PM) tomthetrader: But NOW 20% short via DXD
(12:18 PM) tomthetrader: Cash management 101
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redliontrader: 20% Short Traders via DXD, 10% Short Main (pot), 100% Cash IRA
redliontrader: 10% Long Main (POT)
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(12:30 PM) tomthetrader: stops back in on DXD at 47.00
(12:31 PM) thomas_Poland: this is rule for you all .. whenever I cover just trade in the direction I was
(12:31 PM) thomas_Poland:
(12:31 PM) berniectx: I shorted 922 ES with you Thomas but got out way too soon
(12:32 PM) tomthetrader: DXD we may sell here and reenter on close
(12:33 PM) tomthetrader: 47.30 sell 500 from 47.00
(12:33 PM) thomas_Poland: yes bernie .. thank you for reminding me !
(12:33 PM) tomthetrader: sold 500 at 47.30
(12:33 PM) tomthetrader: stop 500 at 47.13
(12:34 PM) thomas_Poland: but be carefull we 'should' close positive today
(12:34 PM) tomthetrader: stop last 10% at 47.13
(12:35 PM) thomas_Poland: this is painfull
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redliontrader: Sold 10% DXD at 47.30.. Now 10% Short in Traders with stops at 47.13
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(12:37 PM) tomthetrader: 47.38 sell 10% from 47.13 12:37pm CASH will still reenter
(12:38 PM) tomthetrader: 100% cash
(12:38 PM) tomthetrader: 1:30pm next addition of DXD
(12:39 PM) arak99: filled at 4.3
(12:39 PM) arak99: vix calls
(12:39 PM) jaxbrown22: using july 40's @ 1.05 x 20 to keep $ down
(12:41 PM) tomthetrader: OK
(12:41 PM) tomthetrader: Thanks good work fellas....that is the way to use this service...adjust to your levels and comfort...very good
(12:43 PM) eman11: what is the symbol on the aug 30 vix calls
(12:44 PM) arak99: .vixhf
(12:44 PM) tomthetrader: .VIXHF
(12:44 PM) tomthetrader: 5%
(12:44 PM) tomthetrader: tops
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(12:44 PM) eman11: thanks
(12:44 PM) tomthetrader: depending on your portfolio
(12:44 PM) tomthetrader: stop at 3.25
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(12:50 PM) thomas_Poland: Anybody interested why we had this bull run please read:
(12:50 PM) thomas_Poland: http://capital-flow-analysis.com/capital-flow-watch/stock-buybacks-refusing-to-die-live-on.html
(12:51 PM) tomthetrader: yes ...that combined with Trim Tabs
(12:51 PM) thomas_Poland: exactly
(12:51 PM) tomthetrader: will give some basics of supply demand
(12:52 PM) thomas_Poland: Trim Tabs is a good read
(12:52 PM) thomas_Poland: I liked it
(12:52 PM) tomthetrader: Yes ..again one of those that IS EXTREMELY EXPENSIVE
(12:52 PM) thomas_Poland: and I liked the video on CNBC
(12:52 PM) tomthetrader: like options Monster
(12:52 PM) thomas_Poland: yes expensive .. that is why I use this other stuff which is free
(12:52 PM) tomthetrader: but for us Options Monster is worth the $$$$$
(12:53 PM) thomas_Poland: and very good analysis of FLow of funds
(12:53 PM) thomas_Poland: very good
(12:53 PM) tomthetrader: I am working on a good deal for options monster..as it helps not only with options but futures and market timing
(12:53 PM) thomas_Poland: and educational if anybody wants to learn how to read this governemnt stuff
(12:53 PM) tomthetrader: yes
(12:53 PM) tomthetrader: 100% correct..but I know everything now so I just wheel barrow in money ?
(12:54 PM) thomas_Poland:
(12:54 PM) tomthetrader:
(12:54 PM) thomas_Poland: there is also a book by the owner of TrimTabs
(12:54 PM) thomas_Poland: which of course is a marketing for his services
(12:55 PM) tomthetrader: Biedermann is a bore to read !
(12:55 PM) tomthetrader: But has his moments
(12:55 PM) thomas_Poland: but people say if you make your research you will find all the info elsewhere for free
(12:55 PM) tomthetrader: he is a very good TELL
(12:55 PM) berniectx: hey Thomas all this government stuff in the USA is very transparent and looking out for you
(12:56 PM) thomas_Poland: yep .. it is far away from the truth but still the only info
(12:56 PM) thomas_Poland: and this one I trust the most
(12:56 PM) thomas_Poland: as almost noone is reading it ?
(12:56 PM) tomthetrader: Bern : Thomas is a true believer in USA!
(12:56 PM) thomas_Poland: there is no book about Flow of funds
(12:56 PM) thomas_Poland: maybe one but not good and known
(12:56 PM) tomthetrader: Especially our financial system ...no manipulation ?
(12:57 PM) thomas_Poland: I foound only the site I gave which teaches about it .. for free
(12:57 PM) tomthetrader: I have 2 chapters in my book Thomas on that
(12:57 PM) thomas_Poland: and Crescenzi in his book says something about it
(12:57 PM) tomthetrader: maybe you will buy it /
(12:57 PM) thomas_Poland: yeah right
(12:57 PM) thomas_Poland: as soon as it is on the market in 2020 I will buy it
(12:57 PM) berniectx: Thomas is one of the best, I lived with a Polish woman for 25 years good people they are
(12:58 PM) thomas_Poland: I am not good .. don't you dare saying this
(12:58 PM) thomas_Poland: I am bad person
(12:58 PM) thomas_Poland: with hammer
(12:58 PM) thomas_Poland: 200 sma a little lower
(12:58 PM) thomas_Poland: on 5 min
(12:58 PM) thomas_Poland: it may be time to go long ?
(1:00 PM) tomthetrader: maybe if a/d stays2-1
(1:01 PM) tomthetrader: anyone think they won't run it up
(1:01 PM) tomthetrader: 917.00 spx pin is what i have been saying
(1:02 PM) tomthetrader: making money
(1:02 PM) tomthetrader:
(1:02 PM) tomthetrader:
(1:07 PM) arak99: FOMC Jun 24th
(1:07 PM) arak99: we usually tend to rally into the FOMC
(1:08 PM) arak99: maybe from a lower level though
(1:08 PM) tomthetrader: Thanks and they may for the 1st time signal a exit strategy?
(1:08 PM) tomthetrader: if they do there will be volatility
(1:08 PM) tomthetrader: 5% short with VIX calls and 95% cash now looking for a rally
(1:10 PM) tomthetrader: DDM long recom ...but not official
(1:10 PM) tomthetrader: opex GS
(1:10 PM) berniectx: our President promised new jobs USA gov is hiring
(1:11 PM) tomthetrader: buyers and buyers to support pinned closes on all their profitable trades
(1:11 PM) redTest: tom can you give me a contract size and price for the vix trade.. I never got filled .. 10 contracts? at?
(1:12 PM) redTest: 10 @ 4.30 .. ok.. tried to fill at 4.20
(1:12 PM) berniectx: have more czars than Russia did in early 1900's
(1:12 PM) arak99: at this rate the entire population of the country will be czars
(1:12 PM) arak99: all thanks to Obamessiah
(1:12 PM) tomthetrader: tomthetrader: .VIXHF
tomthetrader: 5%
tomthetrader: tops
tomthetrader: depending on your portfolio
(12:44 PM) eman11: thanks
tomthetrader: stop at 3.25
(1:13 PM) tomthetrader: DDM was recommended but nothing official...we will still eyeball DXD at 1:30pm
(1:13 PM) tomthetrader: but for now we like to see the tape
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(1:14 PM) tomthetrader: No automatic adds ..we will decide at 1:30 vendor quotes and order imbalances
(1:14 PM) tomthetrader: GS MS have orders from Tim G to buy buy buy
(1:15 PM) netherbow1: Is that an official buy of GS & MS TOM ? are you buying ?
(1:17 PM) berniectx: Smith & Wesson may be interesting, I go to the range for target shooting and the range guys business has been booming since November
(1:19 PM) tomthetrader: No sorry Nether bow
(1:20 PM) netherbow1: They bot a car security co today didn't they? Do you like it TOM
(1:20 PM) netherbow1: Thxs TOM
(1:23 PM) tomthetrader: GOOD week
(1:23 PM) netherbow1: Any opinion on Kass's LNC TOM?
(1:24 PM) tomthetrader: Long term I like AG and Banks short term I don't like anything...George strait " I Hate Everything"
(1:24 PM) netherbow1: thxs
(1:25 PM) tomthetrader: Doug Kass is really getting Bearish ...I usually do not like being on his side
(1:25 PM) eman11: SPX trying to get over 920 one more time
(1:25 PM) tomthetrader: we have been adversaries for 30 years !
(1:26 PM) netherbow1: My vote is for your side TOM whatever it is
(1:26 PM) netherbow1: lol
(1:27 PM) berniectx: its all about making money Tom and you show us all how to do that and mostly NOT LOSE that is very important to me
(1:28 PM) netherbow1: agreed - preservation as imp as profits
(1:29 PM) Fulkdaddy: Die bulls!!!
(1:29 PM) Fulkdaddy: I read there is a lot of options at 900 SPX
(1:30 PM) tomthetrader: Good work
(1:32 PM) Fulkdaddy: BKX rallying hard
(1:32 PM) tomthetrader: lot of manipulation now until 3:30pm
(1:33 PM) tomthetrader: DDM from 29.50 area was a good trade..glad Hi BUck took it !
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(1:37 PM) berniectx: another concern for next week is the record treasury auction $104 billion I think
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(1:39 PM) eman11: Tom where would be a good exit point on DDM - I was planning to sell when SPX hits 925.
(1:40 PM) tomthetrader: yes 922 SPX may be all we get E
(1:40 PM) tomthetrader: I would sell early rather than late
(1:41 PM) eman11: Thanks
(1:41 PM) tomthetrader: yes Aruj will be in need next week as I think Bonds and the $ are key to this market now
(1:41 PM) tomthetrader: YW
(1:41 PM) tomthetrader:
(1:42 PM) tomthetrader: 13.40 short area
(1:42 PM) tomthetrader: C is a short..still think it could fail by 2011
(1:44 PM) tomthetrader: Doug K mentioning aarticle on GE ( Bloomberg) negative GE has acted poor like before the FEBRUARY collapse
(1:44 PM) arujunaa: alot of risk next week with the fomc as well
(1:45 PM) tomthetrader: Yes
(1:45 PM) tomthetrader: we need you Aruj ...no vacations in your contract next week ?
(1:46 PM) arujunaa: i promise
(1:46 PM) tomthetrader: High end doing well or OK in this decession ....low end getting killed ..no credit or credit cards
(1:47 PM) Fulkdaddy: 905 is my guestimate
(1:47 PM) Fulkdaddy: hoping for 900
(1:48 PM) Fulkdaddy: Tom will probably be right...you usually are!
(1:48 PM) *** rekon8 has joined the room ***
(1:48 PM) Fulkdaddy: LEA acting nice
(1:48 PM) tomthetrader: close is OK ...as long as we know that the odds for a drop next week is High and any positions that can safely help us out will be well boughten
(1:49 PM) tomthetrader: is boughten a word ..we need spell check here /
(1:49 PM) tomthetrader: RED I want spell check !
(1:49 PM) tomthetrader: Red can do anything
(1:49 PM) tomthetrader: except spell for me
(1:50 PM) tomthetrader: he was thinking like me for a few days
(1:50 PM) tomthetrader: TP and RED know what I am thinking before I say it sometimes/
(1:50 PM) tomthetrader: 21 million calls NEW RECORD
(1:53 PM) tomthetrader: No it is contrary and signals a peak
(1:54 PM) tomthetrader: should go at least 5 sessions with puts and calls near even if history is a guide meaning a 5% drop in the major inices ahead in next 3-5 sessions
(1:54 PM) thomas_Poland: I want to go long
(1:55 PM) thomas_Poland: 3:00?
(1:55 PM) thomas_Poland: one more spike down and up we go ?
(1:55 PM) tomthetrader: yuo are probaly in for a quick ES run TP
(1:55 PM) tomthetrader: 922.50 the cap cash though short term 30 min
(1:56 PM) tomthetrader: 920.75 now
(1:56 PM) arak99: Tom, does it make sense to go short on the close around ES 915 (ES >920 is not good for shorting)
(1:56 PM) arak99: I mean ES 915 to 919
(1:57 PM) tomthetrader: I would now go by the clock more than price...meaning we want to get short but don't want to sit out the weekend with unrealized losses
(1:58 PM) arak99: 3:30PM then?
(2:00 PM) tomthetrader: tough to trust...downside now to 875 next week upside limited to today at 922.50
(2:02 PM) tomthetrader: yes ..in theory but considering it is all computer generated there trully is a unlimited amount of shares
(2:02 PM) tomthetrader: so even if call option exceeds shares available they still trade knowing only about 20% are actaully given back
(2:02 PM) tomthetrader: or bought back
(2:03 PM) tomthetrader: most retire worthless
(2:04 PM) tomthetrader: SLM Cramers best pick in 20 years in my opinion ..makes me mad
(2:04 PM) thomas_Poland: that is why option buyers are doomed
(2:04 PM) thomas_Poland:
(2:04 PM) thomas_Poland: unless they are lucky or real pros
(2:04 PM) thomas_Poland: if 80% of options retire worthless why trade 20% chance ?
(2:04 PM) thomas_Poland: you do it great Tom .. but most people loose at it
(2:05 PM) thomas_Poland: that is why Market makers sell so many options?
(2:06 PM) *** stevefl_64 has left the room ***
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(2:06 PM) tomthetrader: yes
(2:07 PM) *** redTest has left the room ***
(2:08 PM) thomas_Poland: with your timing Tom you should sell a lot of options and collect premium
(2:08 PM) thomas_Poland: why don't you do it ?
(2:08 PM) tcb66: I love to sell options
(2:08 PM) thomas_Poland: great
(2:09 PM) tcb66: Sold the crap out of the June 320 call options last week
(2:11 PM) tcb66: on BIDU
(2:11 PM) DE_TTT: How about some Neil Diamond?
(2:11 PM) ajayvee: Sinatra - "My Way"
(2:11 PM) berniectx: I'm done for the day, had a good week, thank you all the best group of traders around have a good weekend and be careful
(2:11 PM) tomthetrader: Sweet Caroline
(2:11 PM) tomthetrader: OK
(2:11 PM) tomthetrader: you got it
(2:11 PM) tomthetrader: "FeverPitch"
(2:12 PM) tcb66: Crude breaking $70
(2:12 PM) *** berniectx has left the room ***
(2:12 PM) tomthetrader: I am finally loving crude futures
(2:13 PM) tomthetrader: I am emphatic on shortOIL
(2:15 PM) tomthetrader: Frank Makes Me Cry AJ !
(2:16 PM) ajayvee:
(2:16 PM) tomthetrader: 917
(2:18 PM) tomthetrader: lod hit another rally coming as stops wiped on day traders
(2:18 PM) *** arujunaa has left the room ***
(2:18 PM) ajayvee: do we test 927 again ?
(2:18 PM) tomthetrader: 8500 held 922.50 is as high as we may go
(2:19 PM) tomthetrader: shorting 922.50
(2:19 PM) tomthetrader: cash
(2:19 PM) ajayvee: okidoky
(2:19 PM) tomthetrader: low attendance today ...vacations and US OPEN ?
(2:19 PM) tomthetrader: we peaked at 48
(2:20 PM) arak99: 922.5 ES or SPX?
(2:20 PM) tomthetrader: many blew out accounts doing what we tell them not to
(2:20 PM) tomthetrader: SPX cash
(2:21 PM) arak99: 918 ES
(2:21 PM) tomthetrader: you were right for .50 cents ?
(2:22 PM) tomthetrader: ran up to 922.50 cash and hit a wall we have boxed this sucker in and it is bearish
(2:23 PM) tomthetrader: 917.00 magnet ?
(2:24 PM) *** bloomert has left the room ***
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(2:25 PM) tomthetrader: many were so optimistic about today ?
(2:25 PM) tomthetrader: ahhhhhhhhhhh!
(2:25 PM) tomthetrader: aren't you glad someone told you this would be a dud
(2:27 PM) tomthetrader: SRS?
(2:27 PM) tomthetrader: 19.78 a buy in my book
(2:27 PM) tomthetrader: we are just above the buy area
(2:27 PM) ajayvee: very glad, thanks tom!
(2:28 PM) tomthetrader:
(2:28 PM) tomthetrader: Ah Shucks AJ
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(2:28 PM) tomthetrader: I am happy I am beating Crude
(2:28 PM) tomthetrader: been a tough few weeks
(2:29 PM) tomthetrader: Prem was a ex nat gas trader ...I think he took a LARGE position with me
(2:29 PM) tomthetrader: I mean LARGE
(2:31 PM) tomthetrader: bigger than mine
(2:31 PM) tomthetrader:
(2:31 PM) tomthetrader: futures envy ?
(2:31 PM) tomthetrader: don't get TP going ?
(2:32 PM) tomthetrader: tomthetrader: 922.50 was the top in SPX last run was like the lights went out
tomthetrader: cash
tomthetrader: now the manipulation
(2:34 PM) tomthetrader: dxd AT 4:04 PM ?
(2:35 PM) tomthetrader: qid ?
(2:35 PM) tomthetrader: poll SHOULD WE GO LONG dxd sds OR qid
(2:35 PM) tomthetrader: poll
(2:35 PM) tomthetrader: poll
(2:35 PM) ajayvee: BGZ?
(2:35 PM) tomthetrader: POLL
(2:35 PM) tomthetrader: request
(2:35 PM) tomthetrader: Possible
(2:35 PM) tomthetrader: BGZ ?
(2:36 PM) stevefl_64: sds or bgz
(2:36 PM) *** eman11 has left the room ***
(2:36 PM) tomthetrader: Thomas P favorite song ...he is coming to live with me " How I spent my summer vacation" By TP
(2:37 PM) arak99: I bearish if they can't break SPX 920 by close
(2:37 PM) ajayvee: who is gonna get hit hardest, large caps or small caps? or tech?
(2:37 PM) arak99: tech and small caps are strong
(2:38 PM) tomthetrader: yes
(2:38 PM) *** richardt_5 has joined the room ***
(2:38 PM) tomthetrader: weak DOW
(2:39 PM) tomthetrader: we were right on DXD
(2:39 PM) arak99: is it all GE ?
(2:39 PM) tomthetrader: just too scared of PPT
(2:39 PM) tomthetrader: GE flat but is a bad acting stock
(2:40 PM) richardt_5: Kinda sound like Willie Nelson
(2:41 PM) tomthetrader: I am very capable of all forms of the musical arena
(2:41 PM) energy2x: or Willie Wonka
(2:41 PM) Freezinalberta: tom do you look like willie?
(2:41 PM) richardt_5: grin
(2:41 PM) tomthetrader: supposed to be Smoky Robinson !
redliontrader: ok here
