Thursday, May 21, 2009

May 21 2009

Noticeable improvement over previous days, as we hit 5 out of 8 and kept stops well controlled. Considering long weekend coming, tomorrow may not offer much though.

Session Time: Thu May 21 00:00:00 2009

[08:10] {Threei}  Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET - Expectations for initial claims are 625K v prior release of 637K (range seen from 585K to 675K)
[08:13] {ese} good caught up in work /phone calls yesterday and had to leave the board early
[08:14] {ese} appologies for not saying good bye
[08:14] {Threei}  morning ese
[08:14] {Threei}  I am not sure it can ever be forgiven...
[08:14] {Threei}  you may well be looking at years of redemption...
[08:14] {ese} trout smackings etc etc
[08:15] {Threei}  ashes sprinkling over your head
[08:15] {Threei}  extensive soul-searching in the mountain cave
[08:16] {Threei}  (don't forget to leave the address so I drop by with 6-pack)
[08:16] {ese} coming up with anew religion to save the world
[08:16] {Threei}  they say it's profitable
[08:16] {ese} will do
[08:18] {ese} DDUP  +5,80
[08:19] {Threei}  Chrysler could reportedly eliminate all dealerships if bankruptcy deal with Fiat goes unapproved by Bankruptcy Court
[08:19] {Threei}  great
[08:19] {Threei}  have a look at AUY
[08:20] {Threei}  10 break on daily looks tempting
[08:20] {Threei}  pretty much depends on gold strength
[08:21] {ese} yes indeed
[08:22] {magoo} morning
[08:22] {Threei}  magoo :)
[08:22] {ese} hey mags
[08:22] {Threei}  buying at 10
[08:23] {magoo} what at 10 boss
[08:23] {Threei}  AUY
[08:23] {Threei}  look at daily
[08:24] {ese} anyone catch that move in auy yesterday
[08:24] {magoo} whats news TSRA
[08:25] {Threei}  SOLF Canaccord Adams Raised SOLF to Buy from Hold
[08:25] {Threei}  TSRA Has won a ITC chip-patent case against Qualcomm
[08:25] {Threei}  - The ruling said that Qualcomm, Motorola and four other companies infringed on the company's patent...more... (related QCOM BRCM MOT )
[08:25] {Threei}  yesterday
[08:31] {Threei}  *INITIAL JOBLESS CLAIMS: 631K V 625KE; CONTINUING CLAIMS: 6.662M V 6.650ME
[08:31] {Threei}  - Prior jobless claims revised from 637K to 643K
[08:31] {Threei}  - Prior Continuing Claims revised from 6.560M
[08:35] {fernp} good morning everybody
[08:35] {Threei}  fern :)
[08:39] {ese} fern
[08:52] {Threei}  ESLR is an embodiment of ugliness
[08:54] {ese} i would agree
[08:55] {ese} share offering at 1.80
[08:56] {ese} BRCD on the other hand has potential
[08:56] {Threei}  BRCD Reports Q2 $0.11 v $0.09e, R $506.3 v $476.4Me
[08:56] {Threei}  - Q2 gross margins 56.2% v 59.7% q/q
[08:57] {Threei}  BRCD Exec: Confident on firm's ability to exceed top and bottom line forecasts provided last quarter - conf call
[08:57] {Threei}  - Note: Back on 2/19, co. expected normal to greater than normal seasonal decline in Q2; guided FY09...more...
[08:58] {Threei}  AUY formed 9.90 - 10
[09:00] {ese} was there news  for auy vad?
[09:01] {Threei}  no
[09:01] {Threei}  gold strength is helping it
[09:02] {nemo} ese, check all the gold and silver stocks
[09:03] {ese} will do
[09:10] {Threei}  AUY took 10
[09:11] {nemo} I have it @10.05 between 7:54-8:00
[09:13] {pita} gm all
[09:13] {Threei}  pita :)
[09:14] {ese} pita
[09:14] {pita} hi ese
[09:15] {dptl} good morning all
[09:15] {Threei}  dp :)
06[09:16] * nemo slaps magoo around a bit with a large trout
[09:24] {patience} good morning RT   :)
[09:25] {Threei}  patience :)
[09:25] {ese} hmmmm    haven't seen the TRIN index at 4.16 since sept / nov
[09:25] {ese} patience
[09:25] {chinggis} gm all
[09:25] {ese} cha ching
[09:26] {jfjf64} mornin
[09:26] {ese} is your specialty......what do you make of AUY
[09:27] {Threei}  shingis, jf :)
[09:28] {ese} jf
[09:28] {jfjf64} lets get em today  boys
[09:29] {ese} some major selling goin on  with that trin index at 4+
[09:30] {dino} gm
[09:30] {patience} let me look ese
[09:30] {Threei}  dino :)
[09:30] {ese} dino
[09:30] {Threei}  watching WFC for pullback
[09:32] {ese} i'm thinkin bstop at .06 for auy patience
[09:32] {patience} ese, daily and weekly rsi for AUY ... i wouldn't buy and hold...good for a scalp.  i sold all of my underlying gold stocks early yesterday morning and just hold calls right now
[09:32] {patience} looking
[09:32] {ese} good to know tks
[09:33] {Threei}  around 23.90 first interest but not an entry by default
[09:33] {Threei}  just prepare order woth .95 limit and sit pretty
[09:34] {patience} i don't see gold futures popping yet ese, i am just waiting
[09:35] {Threei}  no pullback
[09:35] {Threei}  don't want to chase it
[09:37] {ese} tks patience
[09:38] {patience} :)    my puts on potash....happy day
[09:38] {ese} don't have access to old futures chart...where do you get that from
[09:38] {ese} gold
[09:39] {jfjf64} wfc
[09:41] {patience} i watch bnn and also feed from Kitco
[09:44] {ese} kitco....? whats that
[09:44] {Threei} Long Setup:  HIG  under .10
[09:45] {nemo}
[09:45] {patience}    its a gold site i use
[09:48] {ese} tks   will look into that
[09:48] {Threei}  HIG 1:1
[09:51] {ese} l drys .46
[09:54] {pita} with you ese - stop?
[09:54] {ese} .36 pita   have a couple of lots
[09:54] {pita} ty
[09:55] {ese} q's not going in our favor thought
[09:55] {Threei} Long Setup:  GERN  .95 break
[09:55] {Threei}  if stays above .85
[09:56] {ese} we;ll dino says....stick to the plan
[09:56] {Threei} Long Setup:  HIG  .10 break if stays above 15
[09:56] {magoo} in hig
[09:59] {ese} yes....thats what we like to see....up now
[09:59] {Threei}  takes too long
[10:00] {Threei}  *APRIL LEADING INDICATORS: 1.0% V 0.8%E
[10:00] {Threei}  - prior revised from -0.3% to -0.2% (related SPY SHY EUR/USD )
[10:01] {ese} come on the philly fed gonna burn me......
[10:02] {Threei}  1:1
[10:02] {ese} noooooo.....the q's like all like the play by play
[10:02] {fernp} out HIG ty VAD
[10:02] {Threei}  welcome
[10:03] {Threei}  GERN 1:1
[10:03] {ese} consolidating .40 to .45 pita......
[10:03] {Threei}  HIG 1:2, full out who held part
[10:04] {Threei}  GERN Ticks up on renewed takeover chatter
[10:04] {Threei}  heh
[10:05] {dino} nearest gaps, 8268, 1355, 882
[10:05] {Threei}  (US) Treasury Sec Geithner: Govt bailout program is helping to improve stability of the financial system - House committee testimony
[10:05] {Threei}  - Govt borrowing risks crowding out private investment. (related EUR/USD GBP/USD USD/JPY USD/CHF USD/CNY TLT SHY )
[10:05] {Threei}  HIG, don't do it
[10:05] {Threei}  GERN over 1:2
[10:06] {dino} schw l .00
[10:07] {magoo} out gern .20 TY vad
[10:07] {Threei}  welcome
[10:07] {dino} fast foods holding well
[10:07] {dino} pnra, bwld, mcd, aipfc
[10:07] {magoo} out hig .53 TY
[10:08] {dino} ed's ok too
[10:08] {Threei}  wow
[10:08] {Threei}  you held it this long?
[10:08] {jfjf64} wow wow
[10:08] {Threei}  wait, let me guess
[10:08] {magoo} yup
[10:08] {Threei}  you bought it and fell asleep
[10:09] {ese} i've done that ....
[10:09] {ese} come on wanna cover that gap
[10:10] {ese} stopped 1/2
[10:10] {ese} drys -,10
[10:12] {ese} still holding onto 1 lot
[10:12] {ese} we'll see
[10:12] {Threei}  funny symbol... FUQI
[10:13] {pita} out earlier, watching DRYS w you ese
[10:13] {Threei}  btw, don't get scared now but Prez on TV any minute
[10:13] {Threei}  not on economy
[10:14] {ese} ok
[10:14] {Threei}  SCLN Rodman & Renshaw, Inc. Initiates SCLN with Mkt Outperform, price target: $5 (timing uncertain)
[10:14] {Threei}  - likely pre-open
[10:15] {ese} back long drys another lot .35
[10:15] {dino} nvec
[10:15] {dino} crazyu 5 day
[10:16] {ese} avg price .41
[10:16] {dino} watching, nvec, bwld, gme, bwy
[10:17] {Threei} Long Setup:  STT  .110 break half lot
[10:17] {Threei}  under .95 invalidated
[10:18] {Threei}  let's modify it
[10:18] {Threei}  43 break
[10:18] {Threei}  stop under .90
[10:18] {Threei}  half lot!
[10:18] {magoo} in
[10:18] {Threei}  it didn't break yet
[10:19] {nemo}
[10:19] {ese} am out drys if it breaks .29
[10:19] {ese} doesn't look as though i'm gonna win here
[10:19] {Threei}  and market is still downticking... aggressive entries are recommended if market leads in your direction
[10:20] {Threei}  US House Appropriations Chair: Cannot support the IMF with US funds until Europeans increase their efforts on stimulus (related EUR/USD USD/CHF GBP/USD BUNDS )
[10:20] {Threei}  wow... do I hear common sense coming from House??
[10:20] {ese} thought that what i was doing with drys ...maybe not
[10:21] {Threei}  wasn't addressed to you ese
[10:21] {Threei}  over 1:1 STT
[10:22] {ese} ok.......was still agressive entry .......hanging on by a thread
[10:23] {ese} somtimes you are the bug sometimes you are the windshield.......
[10:23] {ese} out drys .28
[10:23] {pita} splat!
[10:23] {pita} know the feeling well
[10:23] {ese} too funny
[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'
[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'
[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )
[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'
[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'
[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )
[10:24] {Threei}  sorry for double
[10:24] {nemo} vodka in coffee?
[10:24] {Threei}  who DELL intends to take market share back from?
[10:25] {nemo} HP?
[10:25] {Threei}  hard to imagine anyone would buy HP... but whatever
[10:25] {dino} cern
[10:25] {ese} who in the DELL.....interesting way to phrase it
[10:25] {nemo} have one of their laptops
[10:26] {Threei}  GERN lost its mind
[10:27] {Threei}  can I have my .18 sell back?
[10:27] {ese} am gonna keep watching drys gonna give it another shot at 6.50
[10:28] {pita} watching w you
[10:29] {Threei}  STT went over 1:2... mags, what is it you want from it??
[10:30] {ese} 6 is major support for this stock with a 9 target......theres money here somewhere
[10:30] {nemo} yeah, but wouldn't the stop have been moved to b/e after 1:1
[10:30] {Threei}  I just know he is holding itr
[10:30] {nemo} itri?
[10:30] {Threei}  so I am trying to nudge him back into reality
[10:30] {nemo} why? he's never been there
[10:31] {Threei}  but I am still trying
[10:31] {Threei}  I don't give up on people
[10:31] {Threei}  even on magoo
06[10:31] * nemo slaps magoo around a bit with a large dose of Vadreality
06[10:31] * Threei slaps magoo around a bit with a large dose of realty in a bottle
[10:31] {nemo} oh shit
[10:32] {nemo} Funny, never looked for reality in a bottle :)
[10:33] {Threei}  (CA) Canadian Fin Min: Canada is not making preparations to place limits on Credit Card interest rates (related DFS AXP MA V COF )
[10:33] {Threei}  good
[10:39] {dino} sm l bwld .53
[10:44] {dino} intc l .24
[10:53] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[10:58] {Threei}  (US) House Panel reportedly rejects proposed renewable energy legislation with nuclear clauses
[10:58] {nemo} figures
[11:02] {Threei} Short Setup: CAT  .70
[11:03] {nemo} too fast
[11:06] {Threei}  US Treasury Sec Geither: US must implement policies that encourage a sustainable confidence in the USD
[11:06] {Threei}  yes please
[11:12] {magoo} HIG prob good here
[11:12] {nemo} stop
[11:12] {Threei}  not sure mags
[11:12] {magoo} i am
[11:12] {magoo} .15 when i said it
[11:13] {Threei}  good luck then
[11:13] {nemo} hehehehe
[11:16] {Threei}  HIG is kind of 50/50 here mags
[11:16] {Threei}  not a trade I would be willing to put on now
[11:16] {nemo} why 50/50 now?
[11:16] {Threei}  we are 4 for 5, why dive again in that pattern of small stops destroying profits
[11:17] {Threei}  breaking the pattern of lacklustre days I prefer to keep profit and remain on conservative side, especially coming into long weekend
[11:17] {nemo} so, it's not pattern specific?
[11:17] {Threei}  what?
[11:18] {nemo} on HIG
[11:18] {nemo} it's probability?
[11:18] {Threei}  what pattern is that?
[11:18] {Threei}  I see no pattern
[11:18] {nemo} Guess that's the point, just running a channel
[11:19] {magoo} well..financials started a bounce when i called mkts started a slight bounce
[11:19] {magoo} it should be scalpable
[11:19] {magoo} stop .97
[11:19] {Threei}  yes, and add to that the fact that this whole week market tended to fall into random moves after brief period of opening activity
[11:19] {magoo} thinking .47 ecxit
[11:20] {magoo} but heh..who knows..who cares
[11:20] {magoo} take it..scalp it..or stop it:)
[11:21] {magoo} RF moving wfc moving stt moving
[11:21] {magoo} HIG...GET MOVINMG HE HE
[11:21] {ese} out to teach a class catch you all in an hour or so.......i may miss dyrs run
[11:21] {Threei}  we will hold the lid on it ese
[11:21] {nemo} maybe not Magoo though
[11:22] {jfjf64} see ya ese
[11:22] {magoo} ill go long drys ESE, that will hold it down for u
[11:22] {ese} tks vad appreciae that.....oh for sure mags will definately profit at my expense
[11:22] {ese} se what i mean
[11:22] {fernp} I am long drys 6.26 ese
[11:26] {nemo} gold an silver coming back
[11:26] {patience} bought more calls of Goldcorp hour ago
[11:26] {patience} geithner started speaking, pop goes gold
[11:27] {nemo} soon the greenback will only good as toilet paper
[11:27] {nemo} on second thought, won't even be good for that
[11:27] {patience} stop, you'll make vad cry
[11:28] {nemo} why...he's Loonie?
[11:28] {Threei}  give it a 3 seconds thinking
[11:28] {Threei}  not more to avoid crushing headaches
[11:28] {nemo} you told me not to think :)
[11:29] {nemo} Let me stand up and take the pressure off my brain
[11:35] {nemo} Trading tomorrow before the holiday, should be quiet...probably means it won't
[11:37] {dino} snps
[11:38] {jfjf64} 9.00 break  fas   what ya  think  vad
[11:39] {dino} dw
[11:39] {Threei}  nah
[11:39] {Threei}  spiked into 9 from 8.90
[11:39] {Threei}  not without pullback
[11:39] {jfjf64} see that 
[11:39] {Threei}  and come consolidation between these two levels
[11:40] {jfjf64} tkin time  but  see paths  we  tk    ty
[11:41] {magoo} wow
[11:41] {dino} would like to see 1355 and 882 fill
[11:41] {magoo} i had offer out there .47 stt..went get coffee..look at top
[11:42] {Threei}  jeez... you held your STT all this time?
[11:42] {magoo} no
[11:42] {magoo} reentered on hig call
[11:42] {Threei}  okay
[11:42] {magoo} btw..hig working
[11:44] {magoo} .16 cents HIG
[11:44] {magoo} no complaints
[11:45] {jfjf64} goota  run   see  ya  guys  in  little
[11:45] {Threei}  tak care jf
[11:48] {dino} cya jf
[11:50] {pita} gotta go, happy huntin'
[11:51] {Threei}  pita :)
[11:52] {Threei}  dino
[11:52] {Threei}  it's offical: we are in minority
[11:52] {dino} cya pita
[11:52] {Threei}  55% Back Higher Fuel-Efficiency Standards  Even If Car Costs More
[11:52] {dino} yeah, but 85% will not buy them
[11:52] {Threei}  true
[11:53] {Threei}  yapping and acting are two different things
[11:53] {dino} hey, i'd like more efficiency, but i'm not sizing down for 5 extra miles/gallon
[11:55] {Threei}  AUY did it, but I'll be damned if I could read that move i=on intraday
[11:56] {nemo} slw on break of .45?
[11:57] {Threei}  by chart yes
[11:57] {Threei}  problem is, these names do not really trade on their own merits
[11:57] {Threei}  they follow gold/silver
[11:57] {Threei}  and I don't have read on those
[11:58] {nemo} where's patience?
[12:01] {dino} sm l dw .75
[12:04] {patience} where's nemo?
[12:04] {nemo} swimming
[12:04] {nemo} poking cyclops eye out
[12:05] {dino} who's nemo?
[12:05] {nemo} what's a matador?
[12:06] {dino} what's on second
[12:08] {Threei}  GM Reportedly UAW reaches agreement with the US Treasury and GM; includes modifications to labor contracts and to VEBA trust (related F.IT F )
[12:09] {dino} ddrx
[12:09] {dino} these coffee co. are wierd
[12:11] {magoo} hey look HIG
[12:11] {magoo} out
[12:12] {magoo} [11:19] {magoo} thinking .47 ecxit
[12:17] {Threei}  good job
[12:26] {Threei}  how do finnies stay near highs while market goes for breakikng the lows?
[12:27] {magoo} thgey are if mkts ripped up..the would too
[12:27] {Threei}  that's a very strange divergence
[12:35] {nemo} and this market is normal?
[12:38] {dino}  as normal as it will be for a long time
[12:39] {dino} in my opinion, te difference is the internet, as in everything happens instantly. nobody waits for the news paper to read and think about it anymore
[12:39] {Threei}  I don't know whether there is such thing as normal market
[12:39] {Threei}  it's just a matter of adaptability
[12:39] {dino} therefore reactions are fast, furious, and overreations
[12:40] {Threei}  DRYS is finally showing signs of life
[12:40] {Threei}  LVS Plans to officially open Bethlehem, PA casino 5/22
[12:41] {dino} lots of casinos close to me all of the sudden
[12:44] {dino} ctxs
[12:47] {Threei}  AMGN Teva files patent complaint against AMGN, claiming Sensipar uses a Teva patent
[12:49] {Threei}  hitting day low
[12:49] {ese} i'm back....and missed drys to boot
[12:49] {Threei}  .10 break is worth a try short
[12:49] {Threei}  if stays under .20
[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA
[12:50] {chinggis} sorry what stock vad?
[12:50] {dino} 12:50 bounce time
[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA; to open doors May 22
[12:50] {Threei}  - will debut with 3,000 state-of-the-art slot machines and a variety of dining and entertainment opt...more...
[12:50] {Threei}  AMGN chinggis
[12:50] {chinggis} ty
[12:56] {ese} auchhh nu aye!!!!   i've gotta stop this workin for a's pains me to see drys like this....
[12:56] {Threei}  lol
[12:57] {ese} if it goes past .75.....who knows where it will end
[12:57] {dino} zzzzzzzzzzzzzzzzzz
[12:58] {ese} how bout CEPH dino
[12:58] {ese} long at 60........
[12:59] {Threei}  no go AMGN
[13:00] {dino}  nice entry
[13:00] {ese} lets have a look then
[13:01] {dino} bwy app. lod, thin
[13:01] {ese} entrez vouszz  where vad
[13:01] {Threei}  huh?
[13:01] {nemo} ceph vad
[13:01] {ese} amgn
[13:01] {nemo} he shorted ese
[13:02] {Threei}  I am beyond lost
[13:02] {Threei}  I'll leave it to you to sort out that dialog
[13:02] {ese} oh that wrong
[13:02] {dino} stay w/us vad, lol
[13:02] {Threei}  not easy dino, not easy :)
[13:02] {ese} when you said no...go amgn....i thought you were talking to me to consider amgn
[13:03] {nemo} You talkin' to me?
[13:03] {dino} sometimes i expect too much
[13:03] {ese} drys ...ever=ready battery
[13:04] {ese} wheres pita.....did he do anything with drys
[13:05] {ese} auy mosied on up there as well
[13:05] {nemo} and slw
[13:08] {ese} ok dino am considerin 1/2 Ceph at .00
[13:08] {ese} with the price target lowered to 80 from's gotta be a sure's just gotta
[13:09] {ese} well that attempt at a joke went over like a lead balloon
[13:10] {patience} tough crowd ese    :)
[13:10] {Threei}  going to try FAZ .43
[13:11] {ese} no kidding
[13:12] {ese} how many vad......gonna with ya
[13:13] {Threei}  stop under .35, so calculate your size from it
[13:13] {nemo} kneeslapper ese
[13:15] {dptl} .
[13:15] {dptl} test
[13:15] {Threei}  passed
[13:15] {ese} in .4298
[13:17] {ese} hmmmmmm
[13:19] {Threei}  some youthful enthusiasm all of a sudden
[13:19] {ese} out .47 +.05 and a bit
[13:20] {Threei}  oh come on
[13:20] {dptl} so wierd ..i lost connection to everything but the room
[13:20] {Threei}  no faith whatsoever
[13:20] {Threei}  see dp... gods want you to listen to us only
[13:20] {ese} had too many shs.......05 is good
[13:20] {Threei}  no porn... no quotes
[13:21] {Threei}  too many - 50K?
[13:21] {nemo} vad, he probably had 20000 of the little buggers
[13:21] {ese} no quite
[13:21] {Threei}  offering .51
[13:21] {ese} 5k
[13:21] {Threei}  my a$$ is out
[13:21] {Threei}  5K too
[13:22] {ese} no sense in being greedy now
[13:22] {ese} nice move though
[13:23] {Threei}  5 out of 7 if my math is right
[13:23] {Threei}  much better day than first three
[13:23] {nemo} 3 more calls you'll have to take your shoes off
[13:23] {Threei}  adjusting is happening
[13:24] {Threei}  US Transportation Sec Lahood: US will not increase gas tax this year
[13:24] {Threei}  no?
[13:24] {Threei}  odd
[13:24] {nemo} don't worry, the states will
[13:24] {Threei}  I thopught "increase tax" is new prosperity mantra
[13:24] {ese} just lookin at it it's .04 and a bit not 5
[13:24] {nemo} politician prosperity mantra
[13:24] {Threei}  applicable at all levels, to all goods and services
[13:25] {Threei}  universal
[13:25] {Threei}  tax'em all, and let nobody feel forgotten
[13:25] {nemo} comrade
[13:26] {ese} ahh   wait a minute some did get filled at .42,,,.04 and a bit for some ,05 for some hmmm
[13:26] {Threei}  lol
[13:26] {Threei}  ese... you are as bad at math as any musician
[13:27] {Threei}  ask me how I know
[13:27] {ese} quick scalp trade....anything i could have done to improve that vad
[13:27] {ese} how do you know
[13:28] {Threei}  my wife's math skills lead her to conclusion that she is half my age
[13:28] {ese} ha ha
[13:28] {nemo} my grandmother was 29 for 43 years
[13:28] {ese}  i've been 52 for at least 8 years
[13:29] {Threei}  PIMCO's Gross attributes recent weakness in Bonds, USD, and Stocks due to fears US loses AAA rating
[13:29] {ese} no wait a minute i am 52....that means i got here sooner
[13:29] {nemo} Captain Obvious
06[13:29] * nemo gives vad a tissue
[13:29] {Threei}  it's a pure personal tolerance matter ese... I felt FAZ had some momentum, enough to overcome .50
[13:29] {Threei}  so I offered .51
[13:30] {Threei}  and I hated my performance over last three days so much that I flet I could press just a tad more on a first day when I finally start getting it right
[13:31] {Threei}  I am not pressing in a sense of trying to be overly active yet,
[13:31] {ese} was it prints you were looking at
[13:31] {ese} gave you that feeling
[13:31] {Threei}  but when a trade started moving, at least holding for 1:1 made sense to me :)
[13:31] {Threei}  whole anchilada... look at 1 min
[13:31] {ese} yes i should have done that for sure
[13:31] {Threei}  ascending channel established from 12:00
[13:32] {Threei}  higher lows,
[13:32] {Threei}  flat top around .40 - .42,
[13:32] {Threei}  break of it is entry signal,
[13:32] {ese} hmmm that i'm looking at it
[13:32] {Threei}  volume started increasing toward this break
[13:33] {Threei}  thick stocks rarely trade straight up or down, it's always uptick/downtick,
[13:33] {Threei}  this one after the break started making 3 upticks/one downtick dance
[13:33] {Threei}  so... kind of working
[13:33] {Threei}  I let it work
[13:33] {ese} ya ...i'm not use to that an uneasy feeling....
[13:34] {ese} call it lack of experience
[13:35] {ese} faz is thick for sure 222,000,000 shs to this point
[13:41] {ese} if fitb gets into that 5 to 6 range.....i'll be thinkin about playing it steady again
[13:42] {Threei}  nice retreat there
[13:42] {Threei}  HBAN too
[13:44] {ese} ya ...when it went haywire gapping up like it did.....i lost touch.....really couldn't tell what it was going to do next
[13:45] {ese} looks like it is coming back down to sanity
[13:56] {ese} outta here until's the job thing....would rather be hangin with you all ...take care
[13:57] {fernp} bye ese
[13:59] {dino} cya es
[14:07] {Threei}  PIMCO's BIll Gross: US and UK debt levels moving in wrong direction; not suggesting an imminent US downgrade - CNBC interview (related TLT SHY IEF EUR/USD )
[14:08] {dino} s/p filled
[14:10] {dino} -4% dji, ndx, s/p from yesterday hod
[14:11] {Threei}  starts feeling like crash coming
[14:12] {nemo} short everything?
[14:12] {Threei}  excpet FAZ, QID, SRS etc
[14:12] {nemo} and gold
[14:15] {patience} nope, not gold
[14:16] {nemo} exception patience, sorry if I wasn't clear
[14:16] {Threei} Long Setup:  QID  .70 break half lot
[14:16] {Threei}  if holding above .60
[14:16] {Threei}  if losing it, watch for bounce off .50
[14:16] {patience} i got it nemo   :)
[14:17] {dino} ndx filled
[14:20] {dptl} stopped
[14:22] {dptl} sigh...can't beleive this
[14:22] {Threei}  ?
[14:22] {dptl} got out .69
[14:22] {Threei}  I newver saw it losing .60
[14:23] {dptl} .59 sorry
[14:23] {dptl} i got filled at .59
[14:23] {Threei}  I saw prints out of bounds
[14:23] {Threei}  bid never went under .60
[14:24] {dptl} can't understand this ...i saw .59 and punched..
[14:26] {dptl} oh well the whole week is crap..for me and today i managed to pick all losers :cat amgn take a break
[14:30] {nemo} and I having same run...I started taking week off yesterday, comeback after holiday.
[14:30] {dptl} is it long weekend?
[14:30] {nemo} Memorial Day
[14:31] {dino} monday, no mkt usa
[14:31] {nemo} correct
[14:31] {jfjf64} cat  on  low  of  day   looks  want  to go lower  any read vad
[14:31] {dptl} ok ty
[14:31] {Threei}  everything looks like crashing to me jf
[14:31] {Threei}  that's why I took QID lng
[14:31] {Threei}  long
[14:32] {nemo} [14:11] {&Threei}  starts feeling like crash coming
[14:32] {nemo} [14:12] {nemo} short everything?
[14:32] {nemo} [14:12] {&Threei}  excpet FAZ, QID, SRS etc
[14:32] {nemo} [14:12] {nemo} and gold
[14:32] {nemo} [14:15] {patience} nope, not gold
[14:32] {nemo} [14:15] {nemo} exception patience, sorry if I wasn't clear
[14:32] {jfjf64} just got bk   ty
[14:33] {Threei}  NY: Fed: Dealers submit $13B in 28 day, $75B TSLF auction; $13B accepted; bid to cover ratio 0.17
[14:33] {Threei}  - Stop out rate 0.25%
[14:34] {dino} feels up to gut
[14:34] {Threei}  no crash
[14:34] {Threei}  upticking instead
[14:34] {Threei}  shrug
[14:41] {Threei}  .50 provided nice entry
[14:42] {Threei}  anyone went for it?
[14:45] {dino} nseems i was wrong
[14:46] {jfjf64} nice  read  qid
[14:47] {jfjf64} took  a little  time
[14:47] {jfjf64} wish  i got  involved
[14:47] {Threei}  you didn't short CAT?
[14:47] {Threei}  gave scalp from your mention
[14:48] {jfjf64} did   .58    
[14:48] {jfjf64} half  out .49
[14:49] {dino} 8200 has held since 05-02
[14:53] {Threei}  will try FAZ .70 if holding above .65
[14:54] {Threei}  jf, CAT stop .61 now?
[14:54] {jfjf64} ty
[14:54] {Threei}  feels to me like nice whoosh is coming
[14:55] {Threei}  I wouldn't be in hurry to cover if I were you
[14:58] {jfjf64} .55 took cover   holdin last quarter
[15:02] {jfjf64} .61 last   out
[15:03] {dino}  we are oppisites 3i
[15:03] {dino} wow spelled that off
[15:03] {Threei}  lol
[15:03] {Threei}  opposites complement and balance out each other
[15:03] {dino} lol
[15:10] {jfjf64} ya qid  marcin  again
[15:19] {Threei}  WFC...
[15:19] {dino}  ceph
[15:19] {Threei}  if market is trying for bounce, this one should be able to go to .50 - .60 area
[15:20] {Threei}  trying to find an entry
[15:20] {dino} ogxi continues up
[15:21] {Threei}  that one has no slightest connection with relality
[15:21] {Threei}  it gravity
[15:21] {Threei}  or this univesre
[15:23] {Threei}  ok... .30 break WFC if holding .25
[15:23] {Threei}  invalidated
[15:24] {Threei}  .20 is nice support though
[15:24] {Threei}  so, .25 break if ho,lding above .20
[15:25] {Threei}  ehatever
[15:25] {jfjf64} hmm
[15:27] {Threei}  look at OGXI spreadd
[15:29] {dino}  lol
[15:30] {Threei}  dino... market will prove both of us wrong
[15:30] {Threei}  will just stay here
[15:30] {dino} bidders
[15:31] {Threei}  rug pullers come next
[15:31] {dino} no, an ice cold beer is coming next
[15:32] {nemo} shot of vodka for me on the way out the door gnite maybe cya tomorrow
[15:32] {magoo} i hope so dino.i hope soo
[15:32] {dino} gn nemo, have a good one
[15:34] {Threei}  great... all QFC entries that never triggered and got invalidated, would have been profitable now, lolk
[15:34] {Threei}  WFC that was
[15:38] {dino} wow ogxi put on 2 pts since i said the name
[15:42] {Threei}  what's with GM sudden;y?
[15:45] {dptl} have a good evening all
[15:45] {Threei}  take care dp
[15:46] {dino} cya dp
[15:46] {dino} out intc .17 -.08
[15:46] {dino} -.07 i mean
[15:49] {dino} dw to .59
[15:53] {Threei}  can't believe WFC
[15:54] {Threei}  after all, it was "just close your eyes and buy"
[15:56] {dino} out dw .65, -.10
[16:00] {dino} out schw .80 -.20
[16:00] {Threei}  okay guys
[16:00] {Threei}  aside of this huge missed WFC move, more satisfied with today
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {magoo} nite all
[16:02] {dino} gn all