Alerts and chat log for 051501
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[08:51] Lucefear: good morning!
[08:52] lead: G M luce
[08:52] Lucefear: Nas ft+6
[08:52] Lucefear: Most economists polled expect a 50-basis-point cut Tuesday.
[08:52] Lucefear: hi lead!
[08:53] Lucefear: today FOMC rate decision at 2:15 pm
[08:53] Lucefear: tomorrow CPI 8:30
[08:53] Pl8z2win: good morning
[08:53] Lucefear: hi pl
[08:53] Pl8z2win: hi luce
[08:54] Lucefear: Merrill Lynch is reducing its worldwide PC unit growth forecast for 2001 to 3% from 7%
[08:54] Pl8z2win: GOTO sure took a dive
[08:54] Lucefear: $goto
[08:54] Alert-Info: GOTO 17.5900 x 17 3/4 Close (17.5100) V 0
[08:55] Pl8z2win: last night
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[08:56] apollo2k: morning all:)
[08:57] Pl8z2win: hi apollo
[08:58] Pl8z2win: BRCD AMAT QLGC SCMR earnings today
[08:59] Lucefear: my watchlist: AMCC, CIEN, BRCD; VRTS, BEAS
[08:59] Alert-Info: 09:00 AM
[08:59] Lucefear: CIEN had a nice eod bounce
[09:00] Alert-Info: NAS VOL 4,650,100
[09:00] Alert-Info: NYSE VOL 858,268,800
[09:02] Lucefear: expecting strength into fed decision today
[09:02] Lucefear: maybe a little weakness after open but buying later
[09:03] Alert-Info: DOW 10877.33 +56.02 NAS 2081.92 -25.51 TICKn -15.00 S&P; 1248.92 +3.25
[09:03] Lucefear: I would exit all positions before 14:15, it should be extremely volatile after announcement
[09:04] apollo2k: yeah this is fun
[09:05] apollo2k: lol
[09:05] Lucefear: expecting a spike up as first reaction
[09:06] apollo2k: my prediction is 0.5 rate cut spike after announcement then at least a stronger pb
[09:06] apollo2k: .25 = sell off
[09:06] apollo2k: .75 = don´t even think about it
[09:07] Lucefear: ncie BEAS gap
[09:08] Lucefear: Nas ft +6
[09:09] Lucefear: Nas pmi +9
[09:11] Lucefear: my watchlist: AMCC, CIEN, BRCD; VRTS, BEAS
[09:11] Lucefear: what's on your list Pl8z2win?
[09:12] Pl8z2win: just scalpers...not taking any swings here
[09:13] Lucefear: I think even with just a .25 cut the market may hold up
[09:13] Lucefear: a smaller cut is also a good sign
[09:14] Alert-Info: 15 minutes to market open
[09:16] Lucefear: 07:30 ET CIENA Corp (CIEN) 59.95: Lehman cautious on stock going into Thursday's earnings report.
[09:16] apollo2k: goo Lehman
[09:18] El-Kabong: good morning folks
[09:18] Alert-Info: Reminder: Have a plan and a clear set of rules
[09:18] Alert-Info: DOW 10877.33 +56.02 NAS 2081.92 -25.51 TICKn -4.00 S&P; 1248.92 +3.25
[09:19] Alert-Info: 10 minutes to market open
[09:20] Lucefear: hi elk!
[09:21] Pl8z2win: hi elka
[09:23] apollo2k: KABONG!!
[09:23] apollo2k: wake UP!!!!!
[09:23] El-Kabong: guess i 'll wait til after the fed pop to short..
[09:23] El-Kabong: lol
[09:23] El-Kabong: awake
[09:23] Lucefear: lol
[09:23] El-Kabong: still bored
[09:23] apollo2k: yeah me too
[09:24] El-Kabong: go back to bed...lol
[09:24] El-Kabong: El-Kabong: thinking about it
[09:24] apollo2k: unless they cut .75 but unlikely imo
[09:24] El-Kabong: maybe they raise the rates
[09:24] El-Kabong: lol
[09:24] apollo2k: Ha
[09:24] Lucefear: maybe
[09:24] El-Kabong: too much free cash out there
[09:24] Alert-Info: 5 minutes to market open
[09:24] Lucefear: Most economists polled expect a 50-basis-point cut Tuesday.
[09:27] Lucefear: ft not moving much premarket
[09:27] Lucefear: Nas ft +4
[09:27] Lucefear: my watchlist: AMCC, CIEN, BRCD; VRTS, BEAS
[09:27] El-Kabong: mkt gonna be dead til fed
[09:27] Lucefear: but CIEN got negative comments by Lehman, we shall see
[09:27] Lucefear: wht you watch elka?
[09:27] El-Kabong: ITWO
[09:27] El-Kabong: STOR
[09:27] El-Kabong: NTAP
[09:27] El-Kabong: BEAS
[09:28] El-Kabong: but may just wait til after fed
[09:28] Alert-Info: 1 minute to market open!
[09:29] Alert-Info: markets open, good luck!
[09:29] Alert-Info: DOW +1.23 dt
[09:29] Alert-Info: NAS +5.06 ut
[09:30] Lucefear: looking for a little pb
[09:30] Lucefear: then going long
[09:31] Lucefear: CIEN looks sad so far
[09:32] Lucefear: may try BEAS or VRTS for sclps long
[09:32] Lucefear: ft pb
[09:33] Lucefear: nice BEAS pb
[09:33] Alert-Info: DOW 10875.83 -1.50 NAS 2087.39 +5.47 TICKn -10.00 S&P; 1249.60 +0.68
[09:33] Lucefear: nice open short lol geez
[09:34] Lucefear: ft dt
[09:34] Alert-Info: DOW -16.07 dt
[09:36] Alert-Info: NAS +0.33 dt
[09:37] Lucefear: looking for a fist bottom very soon
[09:37] Alert-Info: TICKn -140.00 dt
[09:37] Lucefear: gap & trap
[09:37] Lucefear: little gap = litte trap I hope
[09:38] apollo2k: long CORV
[09:38] Alert-Info: NAS -4.42 dt
[09:38] Pl8z2win: wouldnt be surprised to see more selling .50 already built in
[09:39] Pl8z2win: CHKP nice pb
[09:39] Lucefear: CIEN bottoms
[09:39] Lucefear: Trin not looking bad
[09:40] Lucefear: ft ut
[09:40] Lucefear: VRTS, AMCC holding up so far
[09:40] Alert-Info: NAS +0.19 ut
[09:40] apollo2k: RIMM lol
[09:41] Lucefear: ATML funny drop
[09:42] Lucefear: careful ATML, looks like news
[09:42] Lucefear: 9:42am 05/15/01 [ATML] ATMEL SEES Q2 REVENUE DOWN 10-15% FROM Q1 REVENUE
[09:44] Alert-Info: TICKn -5.00 ut
[09:44] Lucefear: no big momo today again
[09:45] Lucefear: ft creeping higher
[09:45] Lucefear: there goes VRTS
[09:46] Alert-Info: DOW -0.98 ut
[09:47] Lucefear: beauty
[09:48] Alert-Info: Trading mistake: Averaging down. Stop out!
[09:48] Alert-Info: DOW 10872.64 -4.69 NAS 2085.07 +3.15 TICKn +9.00 S&P; 1249.29 +0.37
[09:49] Alert-Info: NAS +4.85 ut
[09:49] Lucefear: go Nas!
[09:51] Alert-Info: TICKn +193.00 ut
[09:53] Alert-Info: TICKn +37.00 dt
[09:53] Alert-Info: DOW -16.47 dt
[09:54] Lucefear: ft pb
[09:54] Lucefear: VRTS looks good for scalps, stronger
[09:54] Lucefear: CHKP nice bounce
[09:57] Lucefear: IMNR nice drop
[09:58] Lucefear: VRTS nice mover
[09:59] Alert-Info: 10:00 AM
[09:59] Pl8z2win: BEAS lookin good
[10:00] Alert-Info: NAS VOL 195,578,200
[10:00] Alert-Info: NYSE VOL 113,078,200
[10:00] Pl8z2win: AMCC nice too
[10:00] Alert-Info: NAS +9.67 ut
[10:01] Lucefear: new highs
[10:01] Lucefear: SEBL strong
[10:03] Alert-Info: DOW 10870.49 -6.84 NAS 2093.17 +11.25 TICKn +82.00 S&P; 1250.08 +1.16
[10:05] Lucefear: BRCD strong
[10:05] Pl8z2win: VRTS wol
[10:05] Lucefear: ft ut
[10:05] Alert-Info: NAS +14.83 ut
[10:06] apollo2k: yikes
[10:07] apollo2k: BEAS beauty bounce
[10:07] Lucefear: nice move here
[10:07] Lucefear: Dow can't get up
[10:07] Alert-Info: DOW -0.52 ut
[10:08] Alert-Info: TICKn +180.00 ut
[10:09] apollo2k: NTAP beauty
[10:10] Alert-Info: NAS +19.72 ut
[10:10] Lucefear: Trin looks good, down much
[10:10] Lucefear: don't expect much selling before 2:15
[10:12] Pl8z2win: naz at 200 ma 5 min
[10:12] Pl8z2win: ft at 100% fib line
[10:13] Lucefear: that are nice bounces here
[10:13] Lucefear: pb time
[10:15] Alert-Info: TICKn +54.00 dt
[10:18] Alert-Info: Reminder: Buy on rumor, sell on news.
[10:18] Alert-Info: DOW 10863.66 -13.67 NAS 2100.10 +18.18 TICKn +39.00 S&P; 1250.01 +1.09
[10:18] Alert-Info: DOW -15.81 dt
[10:18] Lucefear: looking for a quick scalp next VRTS bottom
[10:20] Pl8z2win: did u catch it? was fast
[10:21] Lucefear: no fill
[10:22] Lucefear: Dow is tired today
[10:23] Lucefear: AMCC pb
[10:23] Lucefear: market looks toppy here a little
[10:23] Lucefear: but quick little scalps reasonable plays here
[10:23] Lucefear: QCOM yikes
[10:25] Lucefear: Qualcomm (QCOM: news, msgs, alerts) rose 2.7 percent following news that China Unicom had awarded contracts to purchase code division multiple access wireless technology gear for a total of $1.5 billion.
[10:25] Lucefear: from this morning
[10:27] Lucefear: Nas ft new high
[10:27] Alert-Info: TICKn +182.00 ut
[10:28] Alert-Info: TICKn +44.00 dt
[10:30] Lucefear: soume double tops here
[10:30] El-Kabong: taking some ITWO shorts
[10:30] El-Kabong: 20.5 when it gets there
[10:31] Alert-Info: TICKn +212.00 ut
[10:31] Pl8z2win: naz 100% fib 2105.49
[10:32] El-Kabong: maybe just wait til after the fed...humm....
[10:32] El-Kabong: ITWO has a mkt cap of over 8 bil...
[10:33] Alert-Info: DOW 10866.33 -11.00 NAS 2102.88 +20.96 TICKn +130.00 S&P; 1251.04 +2.12
[10:33] Alert-Info: TICKn +80.00 dt
[10:34] Lucefear: AREM took quite a dive
[10:39] Alert-Info: TICKn -47.00 dt
[10:40] Lucefear: BRCD still up
[10:42] Lucefear: soooo
[10:42] Lucefear: looks like the action is over now
[10:42] Lucefear: might not happen much now till 2:15 Fed decision
[10:42] Lucefear: guess we will hold up
[10:45] apollo2k: $vol
[10:45] Alert-Info: NAS VOL 400,570,300
[10:45] Alert-Info: NYSE VOL 230,541,200
[10:48] Alert-Info: DOW 10856.70 -20.63 NAS 2098.97 +17.05 TICKn -38.00 S&P; 1249.94 +1.02
[10:50] El-Kabong: the mkt been down last few
[10:50] El-Kabong: El-Kabong: so we culd actually run
[10:50] El-Kabong: after the fed
[10:52] Alert-Info: NAS +14.88 dt
[10:53] Lucefear: BRCD nice, still up
[10:55] El-Kabong: maybe not
[10:55] El-Kabong: lol
[10:55] Pl8z2win: lol
[10:56] El-Kabong: good to be paranoid
[10:56] El-Kabong: lol
[10:56] Pl8z2win: lol
[10:56] El-Kabong: must be too much sleep
[10:56] El-Kabong: LOL
[10:56] Alert-Info: DOW -31.23 dt
[10:56] El-Kabong: gotta go back to my usual 4hr sleep
[10:56] El-Kabong: lol
[10:57] apollo2k: hehe
[10:58] Alert-Info: TICKn +98.00 ut
[10:58] Pl8z2win: VRTS breakout attempt
[10:59] Alert-Info: 11:00 AM
[11:00] Alert-Info: Careful now. Market momentum should go down during lunch time.
[11:00] Alert-Info: NAS VOL 452,219,100
[11:00] Alert-Info: NYSE VOL 262,791,100
[11:03] Alert-Info: DOW 10855.99 -21.34 NAS 2096.52 +14.60 TICKn +69.00 S&P; 1249.42 +0.50
[11:09] Alert-Info: TICKn -58.00 dt
[11:10] Alert-Info: NAS +10.27 dt
[11:13] Lucefear: brb
[11:16] apollo2k: this market can´t get off its a$$
[11:18] Alert-Info: Trading mistake: Chasing. If you don't get the right price then let it go.
[11:18] Alert-Info: DOW 10852.21 -25.12 NAS 2093.61 +11.69 TICKn -30.00 S&P; 1248.52 -0.40
[11:21] Alert-Info: TICKn +92.00 ut
[11:25] apollo2k: boring so far
[11:25] apollo2k: $vol
[11:25] Alert-Info: NAS VOL 522,809,400
[11:25] Alert-Info: NYSE VOL 320,455,100
[11:25] apollo2k: lol
[11:26] apollo2k: BEAS nice
[11:27] Alert-Info: NAS +14.93 ut
[11:27] apollo2k: XMSR nice run
[11:28] Pl8z2win: BEAS breaking out above its 23.67 fib line
[11:28] apollo2k: dang we knew it PL
[11:28] Pl8z2win: tested it earlier and pulled back
[11:28] apollo2k: its an earnings play
[11:29] apollo2k: but the srtong pb in the morning irritated me
[11:30] Pl8z2win: yes i scalped it early with entry at 32.88...shoulda just held eh/ lol
[11:30] Alert-Info: DOW -15.94 ut
[11:30] Pl8z2win: everyone expects beas to have good earnings
[11:31] apollo2k: est. 0.08 right?
[11:31] Pl8z2win: y
[11:32] Pl8z2win: Consensus EPS Estimate This
[11:32] Pl8z2win: Qtr
[11:32] Pl8z2win: Apr 2001 Next
[11:32] Pl8z2win: Qtr
[11:32] Pl8z2win: Jul 2001 This Fiscal
[11:32] Pl8z2win: Year
[11:32] Pl8z2win: Jan 2002 Next Fiscal
[11:32] Pl8z2win: Year
[11:32] Pl8z2win: Jan 2003
[11:32] Pl8z2win: Avg Estimatem (mean) $0.08 $0.09 $0.40 $0.59
[11:33] Alert-Info: DOW 10863.01 -14.32 NAS 2097.77 +15.85 TICKn +133.00 S&P; 1250.18 +1.26
[11:33] Pl8z2win: did i get kicked? lol
[11:34] apollo2k: hehe
[11:35] El-Kabong: stop hyping Pl8z2win!
[11:35] Pl8z2win: ::)
[11:35] apollo2k: LOL
[11:42] Alert-Info: TICKn -47.00 dt
[11:46] Alert-Info: NAS +10.41 dt
[11:48] Alert-Info: Reminder: Realize that most news are already discounted by the market
[11:48] Alert-Info: DOW 10855.40 -21.93 NAS 2092.31 +10.39 TICKn +9.00 S&P; 1248.94 +0.02
[11:50] Pl8z2win: MUSE nice pb
[11:52] apollo2k: MSFT selling
[11:55] Lucefear: BEAS pb
[11:58] Lucefear: Class starts now in #alert-class. To join type in /join #alert-class
[11:59] Alert-Info2: 12:00 PM
[12:00] Alert-Info2: NAS VOL 608,517,700
[12:00] Alert-Info2: NYSE VOL 390,052,200
[12:02] Lucefear: reminder: Fed rate decision at 2:15 EST, expected is a 50 basis point cut
[12:03] Alert-Info2: DOW 10857.09 -20.24 NAS 2090.42 +8.50 TICKn +72.00 S&P; 1248.33 -0.59
[12:03] Alert-Info2: TICKn +107.00 ut
[12:04] El-Kabong: why is AKAM up?
[12:05] chep: hi traders and steirabuam!
[12:06] apollo2k: Chep!!!
[12:06] chep: apollo2kman!!
[12:07] chep: not much action?
[12:07] chep: what's up with CIEN?
[12:07] Lucefear: hi chep
[12:08] Lucefear: Lehman negative comment on Cien
[12:08] chep: hi luce,tnx
[12:18] Lucefear: scalper list: VRTS, BRCD, CHKP, AMCC, SEBL, NTAP, EMLX
[12:18] Alert-Info2: Trading mistake: Having a directional bias, for example, always wanting to be long.
[12:18] Alert-Info2: DOW 10859.60 -17.73 NAS 2089.95 +8.03 TICKn +73.00 S&P; 1248.48 -0.44
[12:23] Lucefear: ok
[12:24] Lucefear: so, when you play this pattern it doesn't really matter if the market gaps down or up
[12:24] Lucefear: when we have a down gap, even limit down, you can look for stocks which do not gap down much
[12:24] Lucefear: the chance is good that the bounce with the market
[12:25] Lucefear: the chance is good that they bounce with the market
[12:26] Lucefear: the first move after the open is usually the best most reliable
[12:26] Lucefear: when the stock holds up after the open it is a good play
[12:26] Lucefear: the downside risk is very limited when the market bottoms and moves up
[12:26] Lucefear: but the timing must be good
[12:27] Lucefear: you must watch the market and enter as soon you believe it bottoms
[12:27] Lucefear: otherwise the stock will take off without you
[12:27] Lucefear: such stocks tend to bounce as soon as there is a little sign of a Nas ut
[12:27] Lucefear: so you must be in a bit earlier ideally
[12:28] Lucefear: today is a good and easy example
[12:28] Lucefear: after the open the Nas went red briefly
[12:28] Lucefear: VRTS and AMCC stayed green with very small pulbacks
[12:28] Lucefear: volume and pace was good in both
[12:28] Lucefear: that's a good sign
[12:28] Lucefear: take the long
[12:29] Lucefear: next step is the question how long you hold it:
[12:29] Lucefear: it depends what you expect from the market
[12:29] Lucefear: the stronger the market the longer you should try to hold
[12:29] Lucefear: in some cases you can hold such a stock the whole day
[12:30] Lucefear: but there are some different things to consider
[12:30] Lucefear: usually we have a nice move in the morning
[12:30] Lucefear: the action goes down during lunch time
[12:30] Lucefear: often at 11:00 am is the best time to exit at the latest
[12:31] Lucefear: holding during lunch time is rarley a good idea
[12:31] Lucefear: the stock must have very strong news then
[12:31] Lucefear: or the market must be very strong
[12:31] Lucefear: but in most cases the stocks give a bit back during lunch time
[12:31] Lucefear: the next pattern here is to watch these stocks and take a long before lunch time is over, between 1-2 pm EST
[12:32] Lucefear: but only these stocks which held up during lunch time selling
[12:32] Lucefear: darn
[12:33] Lucefear: I'm in the wrong room lol
[12:33] Alert-Info2: DOW 10862.43 -14.90 NAS 2093.05 +11.13 TICKn +97.00 S&P; 1249.14 +0.22
[12:34] Pl8z2win: roflmao..just cut and paste it
[12:36] Pl8z2win: BEAS good slo scalper
[12:40] Alert-Info2: TICKn -21.00 dt
[12:45] Alert-Info2: TICKn +180.00 ut
[12:48] Alert-Info2: Trading mistake: Trading fast stocks.
[12:48] Alert-Info2: DOW 10860.03 -17.30 NAS 2094.11 +12.19 TICKn +205.00 S&P; 1249.52 +0.60
[12:51] Alert-Info2: NAS +14.95 ut
[12:51] Lucefear: but buying again
[12:56] Lucefear: BRCD nice
[12:59] Alert-Info2: 01:00 PM
[13:00] Alert-Info2: Careful. Market momentum should come back after lunch time.
[13:00] Alert-Info2: NAS VOL 746,035,500
[13:00] Alert-Info2: NYSE VOL 491,744,600
[13:02] Lucefear: Dow pb
[13:02] Alert-Info2: TICKn +42.00 dt
[13:03] Alert-Info2: DOW 10850.19 -27.14 NAS 2097.24 +15.32 TICKn +59.00 S&P; 1249.15 +0.23
[13:07] Pl8z2win: chep
[13:07] chep: ?
[13:07] Pl8z2win: look at PXD
[13:07] chep: are u in Pl8z2win?
[13:07] Pl8z2win: yes
[13:07] chep: :))))
[13:07] Pl8z2win: blue sky breakout today
[13:08] Lucefear: Nas holding well, still
[13:08] Lucefear: one hour left till decision
[13:08] chep: why that-when did u get in?
[13:09] chep: Pl8z2win admire ur skills
[13:10] Alert-Info2: TICKn +169.00 ut
[13:10] Pl8z2win: blue sky breakout means a new high...blue sky= clear sailing
[13:11] Pl8z2win: it broke out at 20.65 i got in just over 21
[13:11] Pl8z2win: you never know about these..but worth a stop
[13:12] Pl8z2win: and oil and gas stocks are hot
[13:12] chep: will try a couple lot
[13:14] chep: look at SYKE got a few under 6 should sell
[13:14] apollo2k: holding it through decision PL?
[13:14] Pl8z2win: yes some resist at 22.35
[13:14] Alert-Info2: TICKn +29.00 dt
[13:15] Alert-Info2: TICKn +232.00 ut
[13:16] Pl8z2win: SYKE nice little breakout yest over 200 dma
[13:16] chep: was watching that dog for a while
[13:17] Pl8z2win: guess i'm a little cautious of net stocks
[13:17] Alert-Info2: DOW -31.04 dt
[13:18] Lucefear: Dow lod
[13:18] chep: have a few OCPI at 9 time to sell?
[13:18] Alert-Info2: DOW 10844.40 -32.93 NAS 2098.01 +16.09 TICKn +133.00 S&P; 1248.68 -0.24
[13:18] Pl8z2win: let me look
[13:19] Alert-Info2: TICKn +93.00 dt
[13:20] Pl8z2win: hanging around 50% fib line in a congestion area could go either way
[13:22] El-Kabong: sheesh
[13:22] Pl8z2win: another good one to play is SQNM moves between 10 and 16
[13:22] El-Kabong: did we get the cut yet?
[13:22] chep: OCPI moving a lot with CIEN
[13:22] El-Kabong: no surprise cut yet?
[13:24] El-Kabong: lol
[13:24] Pl8z2win: we'll wake you
[13:24] El-Kabong: thanx
[13:24] El-Kabong: back to bed
[13:25] chep: where have u been Elka-chasing some frauleins?
[13:25] El-Kabong: hehe
[13:25] El-Kabong: it is spring
[13:25] Pl8z2win: EXTR showing some strength
[13:26] chep: AMD powered by Athlon 4 today
[13:29] Alert-Info2: TICKn -55.00 dt
[13:31] Lucefear: looking for bit buying soon
[13:32] Pl8z2win: considering this could be the last rate cut...will be interesting to see how market can stay up thru summer
[13:33] Alert-Info2: DOW 10849.67 -27.66 NAS 2097.03 +15.11 TICKn +16.00 S&P; 1249.24 +0.32
[13:33] Lucefear: XMSR piggy up a lot lately
[13:35] Lucefear: El-Kabong, what you say to XMSR
[13:35] Lucefear: your anal-ysis plese
[13:35] El-Kabong: looks like a piggie
[13:35] El-Kabong: but has tons of shorts
[13:35] El-Kabong: looks like a nasty squeeze
[13:36] El-Kabong: a huge piggie
[13:37] Lucefear: wish market would start to move a little
[13:37] Lucefear: silence before the storm comes
[13:38] Pl8z2win: $vol
[13:38] Alert-Info2: NAS VOL 835,712,000
[13:38] Alert-Info2: NYSE VOL 552,107,500
[13:38] Lucefear: this vol is so sad
[13:38] Pl8z2win: y
[13:38] Lucefear: but we should reach 2 bln after cut today hehe
[13:39] Pl8z2win: QCOM pb
[13:39] Lucefear: 2.5 bln with no cut
[13:39] Lucefear: BRCD back at 43
[13:40] Pl8z2win: they may cut .25 to save some for later in year
[13:41] Lucefear: who knows
[13:41] chep: think the same-but how will market react?
[13:41] Lucefear: we shall see soon
[13:41] Lucefear: AMCC ut
[13:41] El-Kabong: lol
[13:41] El-Kabong: if htey cut .25
[13:42] El-Kabong: wonder we sell or get buying....
[13:42] Pl8z2win: sell
[13:42] El-Kabong: could get bought on thinking that econ. is okay.....
[13:42] El-Kabong: lol
[13:42] Lucefear: agree
[13:42] El-Kabong: better than expected
[13:42] El-Kabong: LOL
[13:42] Lucefear: hehe
[13:43] Lucefear: futures are a flat line here, amazing
[13:43] Pl8z2win1: riding 50 and 200 ma convergence
[13:43] Pl8z2win1: on i minute
[13:44] Lucefear: 30 minutes left
[13:44] Lucefear: snore
[13:44] Lucefear: I bet buying comes in any minute now
[13:44] Lucefear: hype hype
[13:44] Lucefear: lol
[13:44] Pl8z2win1: you must be long
[13:45] El-Kabong: BUY IT!!!!
[13:45] El-Kabong: BUY IT!!!!
[13:45] Lucefear: hehe
[13:45] El-Kabong: buy waht?
[13:45] El-Kabong: what
[13:45] Lucefear: don't believe a shorter!
[13:45] Alert-Info2: TICKn +78.00 ut
[13:46] Lucefear: AMCC, BEAS, SEBL, BRCD, QCOM all strong so far
[13:46] apollo2k: $vol
[13:46] Alert-Info2: NAS VOL 855,446,400
[13:46] Alert-Info2: NYSE VOL 568,267,000
[13:46] apollo2k: waht a joke
[13:46] El-Kabong: $tick
[13:46] Alert-Info2: El-Kabong, it doesn't work!
[13:46] El-Kabong: $tick-q
[13:46] chep: lol
[13:47] El-Kabong: tickq
[13:47] El-Kabong: $tickq
[13:47] chep: one more try
[13:47] El-Kabong: $*#&()
[13:47] El-Kabong: $F..k
[13:47] Pl8z2win1: MUSE pb
[13:47] chep: lol
[13:48] Alert-Info2: Reminder: There is no easy money
[13:48] Alert-Info2: DOW 10851.17 -26.16 NAS 2096.44 +14.52 TICKn +123.00 S&P; 1249.07 +0.15
[13:49] Lucefear: hehe
[13:50] Pl8z2win1: looking for ft's to break out of consolidation to upside
[13:50] apollo2k: ok look
[13:50] El-Kabong: waht are u using for naz ft's?
[13:50] apollo2k: lol
[13:50] El-Kabong: sept?
[13:50] Lucefear: june
[13:51] apollo2k: why sept?
[13:51] apollo2k: M
[13:51] Lucefear: hmm, ft dt
[13:52] Lucefear: poc market
[13:52] Pl8z2win1: MUSE new lod
[13:53] Pl8z2win1: could bounce here
[13:59] El-Kabong: power nap time
[13:59] Alert-Info2: 02:00 PM
[14:00] Alert-Info2: NAS VOL 889,110,400
[14:00] Alert-Info2: NYSE VOL 593,574,300
[14:00] Pl8z2win1: MUSE bounce
[14:01] Pl8z2win1: at 100% fib line hehe
[14:03] Alert-Info2: DOW 10832.24 -45.09 NAS 2093.29 +11.37 TICKn +58.00 S&P; 1247.76 -1.16
[14:04] Alert-Info2: DOW -46.13 dt
[14:04] Alert-Info2: NAS +10.22 dt
[14:05] Alert-Info2: TICKn -58.00 dt
[14:05] Lucefear: ft keeps creepong lower
[14:05] Lucefear: 10 minutes left to announcement
[14:06] Lucefear: Dow dragging this thing down
[14:08] Pl8z2win1: not much enthusiasm out there
[14:08] Lucefear: yeah
[14:08] Lucefear: guess nobody knows what to do lol
[14:09] chep: who's afraid of Alan?
[14:09] Lucefear: FT DT
[14:09] Lucefear: news out already???
[14:09] Lucefear: look sp ft
[14:10] El-Kabong: u guys see that news on the run away train
[14:11] El-Kabong: its got HAZ MAT on it
[14:11] Alert-Info2: TICKn -193.00 dt
[14:12] Lucefear: rate cut news imminent
[14:13] chep: market coiled spring
[14:14] Lucefear: ok
[14:15] apollo2k: gtoooooooo
[14:15] Lucefear: FT ut
[14:15] Lucefear: 50 point cut
[14:15] chep: AMCC
[14:15] Alert-Info2: NAS +18.95 ut
[14:15] Alert-Info2: DOW -28.05 ut
[14:15] Lucefear: 2:15pm 05/15/01 Fed cuts rates by 50 basis points
[14:16] Lucefear: 2:15pm 05/15/01 Fed cuts rates by 50 basis points
[14:16] Lucefear: 2:15pm 05/15/01 FED SEES CAPITAL SPENDING WEAK
[14:16] Lucefear: if you are long, would exit at this spike
[14:18] Lucefear: :17pm 05/15/01 FED SEES INFLATION TO REMAIN CONTAINED
[14:19] Alert-Info: DOW -8.14 dt
[14:19] chep: get ur shorts
[14:19] Alert-Info: Reminder: Profits are not made at the top or the bottom, but in the middle.
[14:19] Alert-Info: DOW 10863.99 -13.34 NAS 2107.46 +25.54 TICKn +313.00 S&P; 1251.05 +2.13
[14:19] Lucefear: pullbacks
[14:19] Alert-Info: NAS +23.30 dt
[14:20] Alert-Info: DOW -23.56 dt
[14:20] Alert-Info: NAS +17.53 dt
[14:20] Alert-Info: TICKn +157.00 dt
[14:20] Alert-Info: DOW -39.43 dt
[14:21] Alert-Info: TICKn +3.00 dt
[14:21] Alert-Info: NAS +12.62 dt
[14:22] Lucefear: so what's next now
[14:23] chep: crazy market-doesn't know what to do
[14:24] Alert-Info: TICKn -194.00 dt
[14:25] Lucefear: "...there's a growing feeling on Wall Street that the Fed may be near the end of its easing cycle, which has seen the Fed funds rate fall from 6.5 percent at the beginning of the year to 4.0 percent today, a seven-year low..."
[14:26] Lucefear: The next meeting of the Federal Open Market Committee is scheduled for June 26 and 27.
[14:26] Alert-Info: DOW -24.34 ut
[14:27] Alert-Info: TICKn -43.00 ut
[14:28] Lucefear: think there is no cut in June anymore
[14:29] Pl8z2win1: MUSE nice short
[14:30] El-Kabong: MUSE eventually will end up 20's
[14:33] apollo2k: AMCC nice
[14:33] Alert-Info: DOW -9.11 ut
[14:33] Alert-Info: NAS +17.21 ut
[14:34] Alert-Info: TICKn +91.00 ut
[14:34] Alert-Info: DOW 10873.68 -3.65 NAS 2101.00 +19.08 TICKn +91.00 S&P; 1251.95 +3.03
[14:34] Lucefear: ft ut
[14:35] Alert-Info: DOW +6.05 ut
[14:35] Alert-Info: NAS +22.94 ut
[14:35] apollo2k: buying??
[14:39] Alert-Info: NAS +27.99 ut
[14:39] Lucefear: crazy
[14:39] Lucefear: nice oscillations
[14:41] Alert-Info: NAS +23.12 dt
[14:41] Alert-Info: DOW -9.44 dt
[14:44] apollo2k: $vol
[14:44] Alert-Info: NAS VOL 1,139,824,000
[14:44] Alert-Info: NYSE VOL 736,121,500
[14:49] Alert-Info:
[14:49] Alert-Info: DOW 10874.40 -2.93 NAS 2104.49 +22.57 TICKn -26.00 S&P; 1251.70 +2.78
[14:50] Alert-Info: DOW +6.11 ut
[14:51] Alert-Info: NAS +28.87 ut
[14:51] Alert-Info: DOW +21.92 ut
[14:53] Alert-Info: TICKn +317.00 ut
[14:54] Alert-Info: NAS +33.51 ut
[14:59] Alert-Info: 03:00 PM
[14:59] Alert-Info: 1 hour to market close
[15:00] Alert-Info: NAS VOL 1,228,822,000
[15:00] Alert-Info: NYSE VOL 785,718,400
[15:01] Alert-Info: DOW +37.41 ut
[15:01] Alert-Info: NAS +38.61 ut
[15:02] Lucefear: nice rally here
[15:04] Alert-Info: DOW 10909.47 +32.14 NAS 2123.58 +41.66 TICKn +313.00 S&P; 1256.98 +8.06
[15:06] Alert-Info: DOW +22.25 dt
[15:07] Alert-Info: NAS +43.37 ut
[15:08] Alert-Info: TICKn +140.00 dt
[15:10] Alert-Info: TICKn +271.00 ut
[15:15] Alert-Info: NAS +38.32 dt
[15:15] Alert-Info: TICKn +99.00 dt
[15:16] Lucefear: ft pb
[15:16] Alert-Info: NAS +33.76 dt
[15:19] Alert-Info: Reminder: Cut losses short. Let profits run.
[15:19] Alert-Info: DOW 10893.60 +16.27 NAS 2116.34 +34.42 TICKn +72.00 S&P; 1255.06 +6.14
[15:20] Alert-Info: TICKn -26.00 dt
[15:21] Alert-Info: DOW +7.09 dt
[15:22] Alert-Info: NAS +29.16 dt
[15:22] apollo2k: CSCO lol
[15:22] apollo2k: what a poc
[15:29] Alert-Info: 30 minutes to market close
[15:30] Alert-Info: TICKn +173.00 ut
[15:32] Alert-Info: TICKn -43.00 dt
[15:33] Alert-Info: TICKn +83.00 ut
[15:34] Alert-Info: NAS +24.58 dt
[15:34] Alert-Info: DOW -8.66 dt
[15:34] Alert-Info: DOW 10867.63 -9.70 NAS 2105.37 +23.45 TICKn +13.00 S&P; 1251.02 +2.10
[15:34] apollo2k: absolutely unpredictable this sucker market
[15:34] Lucefear: ft drop
[15:35] Alert-Info: TICKn -101.00 dt
[15:36] Alert-Info: NAS +19.95 dt
[15:37] apollo2k: any news??
[15:38] Alert-Info: TICKn -228.00 dt
[15:38] Alert-Info: NAS +15.33 dt
[15:38] Lucefear: geeez
[15:38] El-Kabong: what did i miss?
[15:39] El-Kabong: lol
[15:39] Pl8z2win1: profit taking
[15:39] Lucefear: we gave rate cut bounce back lol
[15:39] Pl8z2win1: reverse of short covering lol
[15:39] Alert-Info: 20 minutes to market close
[15:39] El-Kabong: lots of nice spikes to short into
[15:40] Lucefear: crazy
[15:40] Lucefear: nice pullbacks here, very tempting
[15:40] Lucefear: AMCC, BRCM, BEAS etc
[15:41] Alert-Info: NAS +10.60 dt
[15:41] apollo2k: trying AMCC
[15:42] apollo2k: hold my hand
[15:43] Alert-Info: TICKn -92.00 ut
[15:44] Lucefear: micro bounces
[15:45] apollo2k: useless yes
[15:45] apollo2k: arghh
[15:46] apollo2k: stopped
[15:46] apollo2k: f.u.
[15:46] Alert-Info: NAS +5.89 dt
[15:47] Lucefear: impressive shake
[15:47] Lucefear: below rate cut bounce area
[15:47] Alert-Info: DOW -24.08 dt
[15:48] Alert-Info: TICKn -259.00 dt
[15:48] Alert-Info: NAS +0.93 dt
[15:48] Lucefear: wow
[15:49] El-Kabong: SOX nice swing today.....
[15:49] Alert-Info: Trading mistake: Not having the right broker.
[15:49] Alert-Info: DOW 10841.48 -35.85 NAS 2081.01 -0.91 TICKn -304.00 S&P; 1245.99 -2.93
[15:49] El-Kabong: swings
[15:49] Alert-Info: 10 minutes to market close
[15:52] Lucefear: ft seems to bottom
[15:52] Alert-Info: TICKn -105.00 ut
[15:54] Alert-Info: 5 minutes to market close
[15:55] Alert-Info: 4 minutes to market close
[15:55] Alert-Info: TICKn +33.00 ut
[15:56] Lucefear: strong fight here
[15:56] Alert-Info: 3 minutes to market close
[15:57] Lucefear: Tick movig up nice but not the market
[15:57] Alert-Info: 2 minutes to market close
[15:58] Alert-Info: last minute of trading!
[15:59] Alert-Info: TICKn +171.00 ut
[15:59] Alert-Info: 04:00 PM
[15:59] Alert-Info: markets closed! Have a pleasant day!
[15:59] Alert-Info: NAS VOL 1,588,899,000
[15:59] Alert-Info: NYSE VOL 1,009,936,000
[16:00] Alert-Info: DOW -7.88 ut
[16:00] Lucefear: humm
[16:00] Lucefear: what a day
[16:00] Pl8z2win1: g-nite all i covered my qlgc short waaaaaaaayyyy too soon
[16:01] Lucefear: nite pl
[16:01] apollo2k: later PL
[16:01] Pl8z2win1: bye guys
[16:10] Lucefear: 5/15/2001 15:59:59 TQNT TriQuint Semiconductor Inc N T2
[16:10] Lucefear: News Released
[16:15] apollo2k: congrats apollo2k have TQNT
[16:15] apollo2k: great choice
[16:15] El-Kabong: u have it?
[16:15] apollo2k: TriQunit Semiconductor, Swatek in definitive merger - CBS MarketWatch.com
[16:15] apollo2k: is this good or ugly?
[16:15] apollo2k: lol
[16:15] El-Kabong: should be good
[16:15] El-Kabong: they are the ones getting acuired i think
[16:16] El-Kabong: acquired
[16:16] apollo2k: u know swatek elk?
[16:16] El-Kabong: pig
[16:16] apollo2k: lol
[16:17] Lucefear: *TRIQUINT TQNT.O: TO ACQUIRE SAWTEK SAWS.O: FOR ABOUT $1.3 B
[16:18] apollo2k: fu$&$&
[16:18] El-Kabong: yuck
[16:19] Lucefear: humm
[16:22] Lucefear: TQNT opens at 4:37 what I know
[16:22] Lucefear: quote time 4:32
[16:28] El-Kabong: BEAS is kickin
[16:29] apollo2k: BEA Systems beats by a penny -
[16:34] Lucefear: $tqnt
[16:34] Alert-Info: TQNT 26 x 25.9600 Close (26.3000) V 3,290,800
[16:37] Lucefear: $tqnt
[16:37] Alert-Info: TQNT 25 x 25.6900 Close (26.3000) V 3,293,600
[16:37] Lucefear: nothing much happened
[16:39] Lucefear: selling
[16:42] El-Kabong: *DJ Applied Materials CEO: Still Cautious About Outlook
[16:44] Lucefear: ok folks, cu tomorrow
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