Wednesday, July 8, 2009

Jul 08 2009

Couldn't get in markert's rythm today. While some trades worked and general idea of direction was right, timing on entries was off so I backed away to preserve capital and save many papercuts.

Session Time: Wed Jul 08 00:00:00 2009

[08:27] {nemo} How's it look up there Raven?
[08:29] {Raven} 54F and sun with no wind
[08:29] {nemo} Sun? What's that...feel like I'm living in Germany again...weatherman is the easiest job in Germany...forecast: rain
[08:30] {nemo} Given your forecast, targetting ground objects should be....ahem....a breeze....
[08:31] {Threei} Good morning early risers
[08:31] {Raven} yes ... and I will be alert
[08:31] {Raven} 3;:)
[08:31] {Raven} 3i
[08:31] {Threei} R :)
[08:31] {nemo} iii :)
[08:32] {Threei} creative
[08:39] {Alw} gm
[08:39] {Threei} Alw :)
[08:39] {patience} gm guys :)
[08:40] {Threei} patience :)
[08:40] {patience} Baby Owen was born last night, 9 pounds, 5 ounces :)
[08:41] {Threei} I guess you need to add, not yours :)
[08:43] {patience} oh, yup....sorry, should have dcc'ed you
[08:43] {nemo} I was going to day....dedicated trader
[08:46] {ese} morning
[08:47] {Threei} ese :)
[08:50] {ese} morning vad....
[08:51] {fernp} good morning everybody
[08:51] {Threei} fern :)
[08:52] {ese} fern
[08:55] {BillyD} gm all :)
[08:55] {Threei} TRGT Announces Decision by AstraZeneca to Advance AZD3480 Program in ADHD; will receive $10M payment
[08:55] {Threei} - AstraZeneca has informed Targacept that it plans to conduct further development of AZD3480 (TC-173... (2.44, 0.00, 0.00%) more... (related AZN )
[08:55] {Threei} Billy :)
[08:56] {BillyD} remember AA today Vad
[08:56] {BillyD} the stock I mean
[08:56] {Threei} yes, ty... now, who is Vad?
[08:57] {BillyD} the other guy
[08:57] {nemo} RIMM dropped a buck already
[08:57] {Threei} wait... the stock? not the "hi, my name is .., and I am an..."?
[09:00] {dino} gm all
[09:00] {Threei} dino :)
[09:02] {dino} fdo, dltr, amgn rocking
[09:03] {cosmo} XNPT holds 18.70 far
[09:03] {Threei} SUMT Selected by Memorial Healthcare System
[09:04] {Threei} The Solution Set allows healthcare providers to manage goals, perform clinical competency assessments and year-end reviews, create targeted learning and development programs that correct competency gaps, meet audit requirements of the Joint Commission, manage compensation and better track and manage continuing education credits required for regular license renewal.
[09:05] {dino} rtp, what was close? cyber says 124.45; yahoo has147.29
[09:05] {BillyD} 147.29
[09:06] {ese} mine says 124.45
[09:06] {dino} 22.80 div.?
[09:07] {Alw} trouble in china
[09:07] {ese} when you look at the chart theres no way way it can be 124
[09:07] {nemo} where's Kurt Russell when you need him
[09:07] {Alw} rio tinto had 4 executives detained by Chinese authorities
[09:07] {Threei} ABAT Signs distribution agreement with ZAP
[09:07] {Threei} - ABAT''s batteries will play an important role in vehicles such as ZAP''s XL/XR
[09:08] {dino} yeah, i see, also big dividend
[09:08] {Threei} RIO.UK Exec: Can not confirm that Chinese iron ore talks have been settled
[09:08] {Threei} - States the talks are ongoing as they have been for some weeks
[09:13] {_kenyee} good morning
[09:15] {Threei} kenyee :)
[09:15] {dino} ice still getting crushed
[09:19] {magoo} wrjRWJOJHIWrji
[09:19] {magoo} amgn huge
[09:19] {ese} oidlkelkjoilkew
[09:20] {jfjf64} mornin all
[09:20] {ese} jf
[09:20] {Threei} IMF Chief Economist Blanchard: Those forces pulling economy up remain weak; Sustained recovery will demand private spending
[09:20] {Threei} - Forces pulling economy down are now less than before
[09:20] {Threei} - Banks are still not in great shapemore
[09:20] {BillyD} jf, magoo
[09:20] {Threei} magoo, jf :)
[09:21] {Threei} Must see coordination of exit strategies on global basis
[09:21] {Threei} - It is not possible for Asian economies to 'decouple' from global economy
[09:21] {BillyD} It is kind of interesting how the whole world is in this financial situation together
[09:22] {Threei} and blaming USA with one voice
[09:22] {BillyD} well, when the center crumbles it affects the whole
[09:22] {ese} yup....everyone else was just as greedy
[09:23] {Threei} exactly, and never complained while USA was world's economic engine
[09:23] {jfjf64} anythin in cross hairs 3i
[09:23] {Threei} nothing definitive
[09:23] {Threei} AA on watch
[09:23] {Threei} DRYS too
[09:24] {jfjf64} ty
[09:24] {dptl} good morning all
[09:24] {Threei} at Credit Suisse; DRYS raised to Outperform from Underperform
[09:24] {Threei} - DRYS price target $8
[09:24] {Threei} dp :)
[09:24] {jfjf64} dp
[09:25] {Threei} also, BDI is down today for the 6th time in a row, yet DRYS is up
[09:26] {vinod} good morning to all
[09:26] {Threei} vinod :)
[09:30] {Threei} QTWW Signs $10.2 Million Phase III Development Contract With Fisker Automotive (0.74, 0.04, 5.80%)
[09:31] {Threei} Co announced that it has signed a contract for Phase III development of plug-in hybrid powertrains
[09:32] {Threei} AA finds some buyers... let's see if we get pullback into .50 - .55 zone
[09:33] {jfjf64} drys
[09:33] {_kenyee} do we buy on the pullback?
[09:33] {Threei} that's the idea
[09:34] {Threei} market pulling back
[09:35] {Threei} ok either .65 long if stays above .55 (less delighted by this setup),
[09:35] {Threei} or first strength from .50 - .55 zone
[09:35] {magoo} in .60
[09:36] {fernp} missed
[09:36] {BillyD} same here
[09:37] {Alw} missed
[09:37] {Threei} .65 was available...
[09:37] {magoo} i took first strength
[09:38] {Alw} yup - me too slow
[09:39] {Threei} second chance
[09:39] {BillyD} in
[09:39] {fernp} i am in
[09:39] {Alw} in .64
[09:39] {magoo} spy nearing 200ma
[09:40] {magoo} wfc pullbk
[09:40] {Threei} FBI confirms arrests of employees at wall st brokerage, declines to identify firm untill formal charges filed
[09:41] {vinod} aa i 9.60 stop?
[09:41] {Threei} under .55
[09:41] {_kenyee} what is stop on AA?
[09:41] {Threei} [09:35] {Threei} ok either .65 long if stays above .55
[09:43] {BillyD} out 1/2
[09:43] {fernp} my 1:1 is .72 ty Vad
[09:43] {Threei} ugh... missed DRYS pullback to .20
[09:45] {magoo} im thinking .87 area AA
[09:46] {Threei} if market helps
[09:46] {Threei} .82 yesterday's high
[09:46] {vinod} out AA 9.73
[09:47] {vinod} ty--vad
[09:47] {Threei} sure
[09:47] {Threei} you guys are so impatient, lol
[09:47] {Threei} maybe you are pesky scalpers??
[09:48] {vinod} for me VAD--I got my $200 is good enough for the day
[09:48] {Threei} :)
[09:50] {Threei} DRYS... George is getting upset
[09:51] {Threei} AA 1:1
[09:51] {Threei} half out, scalpers out in full
[09:52] {Threei} who tripped over the plug?
[09:52] {nemo} mags?
[09:53] {Threei} nemo, I know you are clumsy... but please be careful with market plug, it's fragile as it is
[09:53] {nemo} I haven't left my seat
[09:53] {Threei} telekinesys?
[09:53] {nemo} I wish
[09:54] {Alw} out AA 9.72 ty Vad - still learning patience
[09:54] {Threei} :)
[09:54] {vinod} seconf trip for AA ?
[09:55] {Threei} I don't like this market drop vinod...
[09:55] {Threei} feels like it may put an end to long plays for now
[09:55] {nemo} reverse of what dino predicted yesterday
[09:55] {nemo} It's his fault
[09:56] {vinod} ty--you people are great
[09:56] {Threei} I still think you mayte have to do something with it nemo... but could be just my habit of blaming you and magoo for everything
06[09:56] * nemo begins "deaththink"
[09:57] {BillyD} out rest flat
06[09:57] * Threei takes off long cap, puts short one on
[10:00] {Threei} and RIMM short on 66 breakdown I didn't take why??
[10:00] {nemo} you were too busy blaming me for the market fall
[10:00] {Threei} oh... right
[10:00] {nemo} fcx looks like it's going to pull a RIMM
[10:08] {Threei} Short Setup: CAT .30
[10:08] {Threei} if stays under .40
[10:08] {Threei} wow... unavailable
[10:08] {Threei} invalidated anyway
[10:08] {magoo} WOW
[10:09] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:09] {Threei} **consensus expectations:
[10:09] {Threei} Crude: -2.5Me
[10:09] {Threei} Gasoline: +800Ke
[10:09] {Threei} Distillate: +1.7Me
[10:09] {nemo} everybody must be short the market
[10:10] {Threei} ARYX Hearing defended at Jefferies (timing uncertain) (2.45, -1.76, -41.81%)
[10:14] {magoo} any read AMZN boss
[10:14] {BillyD} alot of support in that pun intented lol
[10:14] {Threei} double bottom bounce is the only play I would try here mags
[10:15] {magoo} check out DD lol
[10:15] {Threei} short 77 breakdown - only if market makes biiiig red candle, and AAPL gives a little delay for entry
[10:16] {Threei} Long Setup: AAPL .15
[10:16] {Threei} half lot
[10:16] {Threei} stop .95
[10:16] {Threei} argh
[10:16] {Threei} AMZN
[10:16] {Threei} sorry
[10:17] {magoo} yea..i pulled up aapl lol
[10:17] {Threei} sigh
[10:17] {nemo} me too
[10:17] {BillyD} lol
[10:17] {Threei} wait for pullback
[10:17] {magoo} in .11
[10:17] {Threei} should give one now
[10:17] {_kenyee} you mean 134.15?
[10:17] {_kenyee} amzn
[10:17] {Threei} no, I mean AMZN
[10:18] {Threei} here is pullback
[10:18] {magoo} .,lol
[10:19] {Threei} crap
[10:19] {Threei} doesn't work anyway
[10:20] {Threei} what was that seizure?
[10:20] {BillyD} lol...
[10:20] {magoo} games..foolery
[10:29] {Threei} US House Ways and Means Committee: Current draft of healthcare reform includes more than $500B in Medicare savings over a period of 10 years
[10:29] {Threei} - Cites congressional budget office (CBO) for estimates of savings
[10:29] {nemo} rimm dancing at support
[10:30] {Threei} they are so delusional
[10:30] {Threei} ask Canada how cost savings work in this type of health care
[10:30] {Threei} *DOE CRUDE: -2.9M V -2.5ME; GASOLINE: +1.9M V +800KE; DISTILLATE: +3.7M V +1.7ME; CAPACITY UTILIZATION: 86.8% V 86.8%E.
[10:35] {BillyD} little tough to pick entries with comviction on direction
[10:35] {Threei} EQIX is getting hit by rumors on accounting issues
[10:38] {Threei} Short Setup: WFC .20 break
[10:39] {nemo} unless .33?
[10:39] {Threei} .30 even
[10:41] {BillyD} each stocks behavior seems consistently random
[10:41] {Threei} lol
[10:41] {_kenyee} is wfc invalidated?
[10:41] {nemo} a definite maybe
[10:41] {nemo} discretionary?
[10:42] {Threei} yes WFC
[10:42] {Threei} maybe will reinstate itself by staying within the range fr a few minutes
[10:49] {Threei} Long Setup: RIMM 65 break
[10:49] {Threei} if stays above .85
[10:49] {magoo} in
[10:50] {magoo} u call rimm..i am inn..u call aapl..i drink a snapple
[10:50] {johnnyj} great rinse at 65... love the trade
[10:52] {Threei} no go
[10:52] {magoo} god damm this mkt
[10:52] {BillyD} mkt spikes brutal today
[10:52] {BillyD} rug pullers everywhere
[10:53] {nemo} see if it bounces off support
[10:53] {magoo} really.last 4 days just short spikes
[10:53] {magoo} this mkt is f'ed
[10:57] {Threei} White House Announces deal with Hospital groups
[10:57] {Threei} aims to save $155B in costs for healthcare over 10 year period
[10:57] {BillyD} in theory?
[10:59] {dino} upgrades=sells lately, see qcom, intc
[10:59] {magoo} jesus dino..everythings a sell last 4 days regardless
[11:00] {dino} hmmm, open gap fills
[11:13] {_kenyee} anything on the radar?
[11:13] {Threei} see me making any calls?
[11:14] {jfjf64} geez vad ya grumpy
[11:14] {jfjf64} lol
[11:14] {Threei} ain't I always?? :)
[11:14] {Threei} hesitated to call QID .30 long...
[11:15] {jfjf64} geez vad comon
[11:16] {jfjf64} that was a beauty
06[11:16] * Threei reaches for the button unholstering trout
[11:17] {dino} ice 116 to 88 in 4 days
[11:17] {nemo} .
06[11:17] * nemo pulls out the marlin case
06[11:17] * nemo shoulders the marlin
[11:17] {dino} shld 67-58 4 days
[11:18] {dino} pretty severe moves imo, lots of 7+ $ moves
[11:19] {nemo} -22 in RIMM -15 FCX 1 month
[11:20] {Threei} feels to me like bounce is in order
[11:20] {Threei} shorts become overconfident
[11:20] {dino} rtp -90 in month
[11:20] {nemo} market or your chin off the keyboard?
[11:21] {dino} too soon imo 3i.
[11:22] {nemo} SDS keeps pushing up
[11:22] {jfjf64} fdo wanted to play .42 dam
[11:25] {Threei} (RU) Russian President Medvedev Spokesperson: Medvedev told G8 that administrative regulation of oil prices would be unworkable (related USO RSX EUR/RUB )
[11:25] {Threei} really? wow...
[11:27] {_kenyee} what is your opinion on a capitulation bounce play on aks after .60 if holding .50 ?
[11:27] {Threei} it's a valid setup
[11:28] {Threei} if market helps any, should work
[11:28] {Threei} break of .50 for short is just as valid
[11:28] {_kenyee} ty
[11:29] {ese} just back.......i agree vad....theres something odd about this sell off...the news hasn't been that bad near as i can figure...
[11:29] {dino} ice wants 85 then bounce
[11:29] {Threei} oh, it's not news based at all
[11:29] {nemo} it's guidance
[11:29] {dino} rtp to 120ish, same idea
[11:29] {Threei} purely technical move
[11:29] {ese} course what do i know
[11:29] {BillyD} lol
[11:30] {dino} break of the 200 was bad es
[11:30] {Threei} I mean come on, with the move market made from March, it had to reverse at some point, right?
[11:30] {ese} yup
[11:30] {nemo} yeah, especially with fog going forward
[11:30] {Threei} bounce time, IMO
[11:32] {magoo} read AA vad?
[11:32] {ese} can't disagree with that dino but that smells like a bear trap to me........
[11:32] {Threei} .30 break, maybe... not really delighted
[11:33] {Threei} AA will be more active toward the close
[11:33] {jfjf64} agree ese
[11:33] {magoo} r or r day today vad..?
[11:33] {Threei} neither
[11:33] {Threei} bounce, then stall
[11:33] {dino} for most part, that 10 months week before exp. has been serious downside
[11:34] {dino} that=the
[11:34] {Threei} US Administration Official: Noone in administration speaking about a second stimulus plan
[11:35] {ese} only reason i say that dino is that ....that break didn't have the massive volume it should have had.......but? with the change in markets these days maybe it doesn't need it ....but i'm still thinking bear trap
[11:36] {Threei} something's off with me... RIMM .70 long, hesitated to call again... that's second one I see and refrain from calling
[11:37] {dino} same problem here 3i, as axe murderer says "untrusting"
[11:37] {BillyD} spooked???
[11:37] {BillyD} lol dino
[11:37] {dino} es, dk, timewill tell, gut says fill 4/28 gaps 8016,1361,855
[11:38] {dino} funny movie bd
[11:38] {ese} i'm spooked....but am still building a long position in intc for 19.00run
[11:39] {dino} just as crazy, i think esi does 98-100 for exp
[11:40] {jfjf64} c/h rimm ?
[11:40] {ese} thats a good bet////it's playing within a range
[11:41] {ese} esi that is
[11:41] {jfjf64} trigger.02
[11:42] {Threei} why not
[11:42] {jfjf64} half lot
[11:42] {Threei} use this pullback as inbdication of support for a stop placement
[11:44] {Threei} let it trade IMO
[11:44] {Threei} it has a good shot at 64.50
[11:45] {jfjf64} stop where
[11:45] {nemo} .80
[11:45] {Threei} I'd keep .85
[11:45] {nemo} whoa, stingier than me...that's a first
[11:45] {dino} kenyee aks l .60 stop .49
[11:45] {Threei} or .80
[11:45] {Threei} lol... sorry nemo
[11:45] {dino} lol
[11:46] {nemo} for what?
[11:46] {Threei} first for outstnigying you,
[11:46] {Threei} then for agreeing with your outstingued opinion
[11:46] {nemo} and an apology ahead of time for your typing
[11:47] {Threei} ummm
[11:47] {Threei} no, not really
[11:47] {nemo} yeah, you'd be apologizing ad infinitum for that
[11:47] {Threei} I am not making an apologies for my typing
[11:47] {nemo} take up all the internet bandwith
[11:47] {Threei} anyone intyerested in what I have to say has just make his peace with that
[11:48] {nemo} just for inconsequential conversation...RIMM's S2 on today's pivot point is right at 64.08
[11:49] {dino} ice missed me
[11:49] {Threei} what does it have to do with trading RIMM??
[11:49] {Threei} oh wait... it just might
[11:49] {magoo} itssimpler than that imo.,..if mkt rips will follow
[11:50] {nemo} possible if what you're saying is all these moves are following technicals instead of...
[11:51] {Threei} btw, stop is for sure under .90 now
[11:52] {jfjf64} ty
[11:54] {Threei} G8 agreed that $70-80/bbl is a fair price for oil
[11:54] {dino} aks stopped
[11:54] {nemo} I'm going to swear
[11:54] {Threei} me too
[11:54] {Threei} tiresome
[11:54] {Threei} and G8 is a gathering of idiots
[11:54] {BillyD} yea
[11:55] {Threei} teir agreement means a lot of oil I am sure
[11:55] {nemo} It gives OPEC the greenlight to squeeze
[12:00] {nemo} volume is solid so far today
[12:01] {Threei} US Senate Majority Leader Reid (D): Suggesting a doubling of the Natural Gas tax credit for gas fueled vehicles (related UNG CLNE F F.IT GMGMQ FSYS )
[12:02] {dino} do it
[12:09] {Threei} patternless moves...
[12:15] {BillyD} sheesh, refrained form AIG short off 14
[12:16] {BillyD} 13
[12:16] {nemo} forgot about them from yesterday
[12:17] {nemo} They're down 40% from the split, tee hee
[12:17] {BillyD} yeah, only 60% left...hehe
[12:17] {magoo} going to single digits
[12:18] {dino} indeed
[12:19] {Threei} T Boone Pickens clarifies certain wind farm press reports
[12:20] {Threei} AIG may have to do a reverse split once more? {G}
[12:20] {BillyD} roflol
[12:22] {nemo} Rimm testing support
[12:23] {BillyD} AIG can't short
[12:23] {nemo} kinda' not surprised...I think a lot of stocks are being shorted...couldn't short cat this morning
[12:23] {BillyD} yeah, I need to check them all first
[12:24] {Threei} if that's what indded is happening, we may see very abrupt and very brutal short squeeze soon
[12:44] {ese} off to the parkeveryone....see you all tomorow
[12:45] {nemo} thanks for the warning
[12:45] {ese} hey no prob..........
[12:45] {jfjf64} say hello to goofy enjoy
[12:45] {ese} will do........met him the other day
[12:45] {nemo} ese, why was Mickey pissed off at Minnie?
[12:45] {fernp} bye ese
[12:45] {nemo} too late
[12:49] {nemo} frickin amazon
[12:55] {Threei} (US) Fed's Evans: US economy is closer to a turning point (related EUR/USD TLT SHY )
[12:55] {nemo} Yeah, it's turning on an impaling spike
[12:56] {nemo} Reminds me of that scene in "300" when the emissary came to speak with the leader of the Spartans
[12:56] {nemo} amzn top?
[12:59] {nemo} Dino...on the sidelines today?
[13:01] {Threei} US) Fed's Evans: Fed is in "wait and see" mode on non-traditional measures; US economy is closer to a turning point than it was a few months ago; expects recovery in the second half of 2009
[13:01] {Threei} - TALF program is working as intended, helping to jumpstart ABS markets.
[13:02] {nemo} mmhhhh...that might jump things, if it doesn't nevermind it did
[13:02] {dino} rtp hit 120 and bounces
[13:02] {dino} nemo, just waiting for a setup
[13:03] {johnnyj} news
[13:03] {dino} wynn sm l .25
[13:03] {nemo} nice catch dino
[13:04] {dino} chickened out on rtp
[13:05] {Alw} AA c/h?
[13:06] {dino} hgrd spike
[13:07] {BillyD} took it off screen earlier due to low vol...
[13:08] {dino} penn holds well
[13:10] {magoo} we in anything vad? was elsewhere
[13:11] {Threei} no
[13:11] {Threei} aside of coma
[13:16] {Threei} great... here comes my 64.50 on RIMM, lol
[13:16] {Threei} US Rep Frank: To introduce legislation today regarding a consumer protection agency
[13:17] {Threei} EU's Barroso: USD will continue to be an important currency; needs to be a stable relationship between currencies
[13:17] {Threei} - Sees a discussion on currencies from G8 with the G5(France, Germany, UK, Japan, and US) at a meeting tommorow
[13:17] {Threei} White House Press Sec; G8 made significant steps on climate change
[13:17] {Threei} as in?
[13:18] {BillyD} now asthe mkt drudges up these stocks seem to have these little resistance areas that want to keep you from going long
[13:19] {Threei} bounce held back just enough to discourage me from trying it
[13:19] {Threei} shrug
[13:20] {BillyD} one of those capital preservation days
[13:20] {johnnyj} what's it like to be an ivestor, I wonder
[13:21] {BillyD} It's like putting your head in the sand
[13:21] {BillyD} I have a trading tfriend that does that
[13:21] {Threei} must be brutal
[13:21] {Threei} I have a better analogy Billy
[13:22] {Threei} it's like being an ostrich on a premises with conrete floor
[13:22] {Threei} concrete
[13:22] {BillyD} lol
[13:31] {dino} lol
[13:32] {magoo} no laughing..cant focus
[13:32] {magoo} u wanna laugh..dcc
[13:32] {Threei} sorry sir
[13:32] {Threei} we will behave sir
[13:33] {Threei} hmm... idea of us behaving makes me want to laugh
[13:33] {magoo} :)
[13:33] {Threei} and magoo won't allow
[13:34] {nemo} oh yeah, blame it on the blind cartoon character
[13:35] {magoo} ty cap'n nemo
[13:35] {nemo} np
[13:38] {_kenyee} Any room veteran willing to chat via PM (want to get perspective on your experiences)?
06[13:40] * Threei shyly raises his hand
[13:40] {BillyD} lol
[13:40] {BillyD} why not, u have most seniority
[13:41] {nemo} Yeah, and it's not like you might have some slanted perspective
[13:41] {Threei} I have another problem though
[13:41] {Threei} memory span of a moth...
[13:41] {nemo} O.K....what's your wife's name?
[13:41] {Threei} may render my memories from 2001 kind of vague
[13:42] {nemo} That's why you have the daily log
[13:42] {Threei} I am married??
[13:42] {nemo} Well, she is obviously
[13:43] {dptl} oh guys...i spilled my drink....
[13:43] {nemo} Have a drinking problem DP?
[13:43] {Threei} only when he has no drink handy
[13:44] {dptl} exzactly
[13:44] {Threei} spelling problem too
[13:44] {dptl} or eqzaktly
[13:44] {Threei} that woerd is spelled as EQZAKTLY
[13:45] {dptl} no....eeckzaktly
[13:45] {Threei} yeah, valid variation
[13:45] {dptl} :)
[13:45] {nemo} we spel fawnetikaly
[13:46] {Raven} sigh
[13:46] {nemo} oh supervision again
[13:47] {Raven} bout damn time
[13:47] {nemo} hell, I've gone without it for almost 50 years, why start now
[13:48] {Raven} time for some dicipline then
[13:48] {Raven} damn kids
06[13:49] * nemo unhosters trout
06[13:50] * nemo unholsters
[13:50] {nemo} rats...birds eat fish
[13:50] {nemo} FCX flirting with dropping through support and S1 pivot
[13:51] {nemo} amzn looking a bit week
[13:51] {nemo} weak
[13:51] {Raven} sushi ... YESSSS
[13:53] {nemo} .
06[13:53] * nemo dumps mercury down trout's throat
[13:54] {Raven} {----- gets his magnet
[13:54] {nemo} magnets work on mercury?
[13:54] {Raven} used to as I recall
[13:55] {Raven} your assignment is to verify that
[13:55] {nemo} haven't played with liquid mercury since Jr. High....wait...ohhhhhhh...that explains alot
[13:55] {Raven} and hurry up
[13:56] {Raven} I have a bottle of Hg in the next room
[13:57] {nemo} well you test it then
[13:57] {Raven} I am beyond that
06[13:58] * nemo gets 12 gauge
[13:58] {johnnyj} CNBC my source for critical mkt info
06[13:58] * nemo slaps johnnyj around a bit with a large television
[13:59] {magoo} showing somne good leg right now..volume ogff
[13:59] {johnnyj} looks like a short
[13:59] {nemo} who you showing your leg too?
[14:00] {johnnyj} experience trader like magoo hits the mute
[14:01] {nemo} he might be websurfing (wink wink)
[14:21] {Raven} {}
[14:23] {johnnyj} raise you {} {}
[14:24] {Raven} glad to see somebody is alive
[14:24] {magoo} R
[14:24] {magoo} A
[14:24] {magoo} V
[14:24] {magoo} E
[14:24] {magoo} N
[14:24] {Raven} sigh
[14:26] {dino} ice at 85s
[14:26] {dino} whoosh down coming imo
[14:27] {dino} out wynn .45, +.20
[14:27] {johnnyj} did you get paid in casino chips?
[14:28] {Threei} RU) Russian Official: An 80% cut in emissions by 2050 is 'unachievable'; Russia will not sacrifice growth
[14:28] {Threei} EQIX Comments on prior market rumors; notes is unaware of any accounting issues - filing
[14:28] {Threei} - On July 8, 2009, several investors contacted the Company to inquire about a rumor in the market re... (65.89, -2.76, -4.02%) more...
[14:28] {nemo} neither will china
[14:30] {Threei} we will commit economic suiciade for political correctness sake
[14:30] {Threei} nice EQIX
[14:30] {nemo}'s called leadership
[14:31] {Threei} most harmful things are being done under the banner "let's do the right thing"
[14:31] {nemo} whoa rimm taking off
[14:31] {nemo} what the
[14:31] {Threei} lol
[14:31] {Threei} RIMM Hearing upgraded at Canaccord Adams (timing uncertain) (65.20, -1.16, -1.75%)
[14:31] {Threei} shrt the hell out of it if this is the reason
[14:32] {dino} political correctness is ruining usa, plus what's correct about it, simply one party's feel good thoughts
[14:33] {nemo} I almost hope for anarchy
[14:33] {johnnyj} spike rimm
[14:33] {dino} it's starting around the world
06[14:33] * nemo slaps johnnyj around a bit with a large PAY ATTENTION!!
06[14:33] * magoo slaps johnnyj around a bit with a large trout
[14:34] {johnnyj} sry
[14:34] {Threei} [14:31] {Threei} short the hell out of it if this is the reason
[14:34] {Threei} how about that?
[14:34] {nemo} you short it Vad
[14:34] {BillyD} I did but too soon and got stopped
[14:34] {Threei} yes... covered too soon though
[14:34] {dino} only 72 pts on dji to go
[14:34] {Threei} .22 short, .96 cover
[14:35] {Threei} awww
[14:35] {Threei} now I am crying
[14:35] {BillyD} vad, did you short after it broke out to hit .34
[14:35] {nemo} well, not be logical or anything, but if it bounced from 64.40 on that one would say gravity had a way to go
[14:35] {_kenyee} faz near its high
[14:35] {Threei} no, on the way up
[14:35] {Threei} had .40 stop
[14:36] {nemo} .22
[14:36] {BillyD} ok, my stop to tight on hod
[14:36] {nemo} hod was 66.70
[14:37] {Threei} watch for short again
[14:37] {Threei} 65 loss
[14:37] {Threei} with stop above the high of this move
[14:37] {Threei} no... too far from there
[14:38] {magoo} lonf jpm .25
[14:39] {magoo} duh./15
[14:39] {magoo} amzn read vad?
[14:40] {Threei} long on pullback, most likely something like 76.90
[14:41] {magoo} woh tuoba AA
[14:41] {Threei} {AA} who are calling woh tuoba??
[14:41] {dptl} good evening all :)
[14:42] {Threei} take care dp
[14:42] {magoo} dimer jpm
[14:43] {dino} cya dp
[14:43] {magoo} .15
[14:43] {Threei} Preview: May Consumer Credit due out at 3pmET
[14:43] {Threei} ** consensus expectation: $10.9Be v -$15.7B prior
[14:43] {magoo} great
[14:43] {nemo} bounce in amzn coincided with rimm
[14:50] {johnnyj} that was a nice RIMM read... lesson is filed away
[14:53] {dino} ice v sm l .75
[14:53] {magoo} monster futes move..THE SQUEEZE
[14:54] {Threei} got AMAN on pullback mags?
[14:54] {Threei} AMZN
[14:54] {magoo} no..
[14:54] {magoo} took jpm.10 cut .37 TY
[14:55] {magoo} how about now}?
[14:55] {dino} these market spikes don't last long, just head fakes so far
[14:56] {Threei} watch NQ
[14:56] {Threei} can't tell in advance, it's not a tecxhnical move on its own merit
[14:56] {Threei} just market following
[14:58] {magoo} which?
[15:00] {Threei} MAY CONSUMER CREDIT: -$3.2B V -$8.5BE
[15:00] {Threei} - prior revised from -$15.7B to -$16.5B
[15:01] {dino} ice stopped -.40
[15:22] {Threei} AA is getting frisky...
[15:26] {BillyD} they have all been flirtatcious
[15:31] {BillyD} AA has EPS at close right?
[15:31] {johnnyj} die RIMM... shouts the stubborn trader
[15:32] {Threei} earnngs Billy
[15:33] {Threei} and guidance
[15:33] {Threei} btw, don't get spooked when you see FAS and FAZ tomorrow morning
[15:34] {BillyD} why
[15:34] {_kenyee} 10-1 reverse split
[15:36] {Threei} I would imagine someone seeing FAZ first thing in the morning and thinking financial sector has collapsed overnight
[15:37] {Threei} squeeze
[15:37] {magoo} out .27 AMZN
[15:37] {magoo} ty vad
06[15:37] * Threei slaps magoo around a bit with a large roll of cash
[15:37] {Threei} you are welcome
[15:38] {magoo} i am??
[15:38] {Threei} well... I feel guilty about wasting most of today
[15:38] {Threei} so I compensate it by abnormal politness
[15:38] {Threei} enjoy while it lasts because it won't
[15:39] {Threei} somehow couldn't get in market rythm today
[15:39] {Threei} and there was what to play
[15:43] {fernp} good evening everybody. see u tomorrow
[15:44] {Threei} take care fern
[15:44] {BillyD} bye fern
[15:44] {_kenyee} do you have a preference for ranging or trending market?
[15:44] {dino} i was off today too 3i
[15:44] {Threei} trending
[15:45] {Threei} that's odd dino
[15:45] {Threei} usually we balance each other out
[15:45] {dino} i know, troubles me
[15:45] {dino} got rinsed a few
[15:46] {dino} troubles me because these are my types of markets, and i have been underperforming last few days
[15:46] {dino} ppt action
[15:46] {Threei} good for them
[15:47] {dino} bizarro world
[15:47] {Threei} CME CEO: Oil prices are being affected by fundamentals - CNBC (265.46, -16.60, -5.89%) (related USO UNG )
[15:47] {Threei} say what?
[15:48] {Threei} lol
[15:49] {dino} nobody complains when oil is crashing
[15:49] {dino} but if it goes up manipulation
[15:49] {Threei} well, used to be opposite
[15:49] {Threei} up - sure, oil peaks, everyone knows that
[15:50] {Threei} down - ahh, "they" are trying to supress it
[15:51] {BillyD} Have a good one, cya tomorrow
[15:52] {Threei} not waiting to see AA Billy?
[15:52] {BillyD} u gonna play it maybe?
[15:52] {nemo} ppt can't let s&P close uner 880
[15:52] {Threei} well... if something clear appears
[15:53] {dino} 7 minutes nemo, lot can happen
[15:53] {BillyD} I'll stick around then
[15:53] {Threei} {PPT} you got it wrong captain... it's 666 we care about
[15:54] {dino} obama yelling, "scottie i need more power (money) or your fired"
[15:55] {Threei} and to a guy who operates the lighting: beam me up!
[15:58] {Threei} GMGMQ US bankruptcy judge states GM will exit bankruptcy with $48B in debt
[15:58] {Threei} hmmm
[15:59] {BillyD} economic ripple effect
[15:59] {Threei} checked just in case... AA is shortable
[16:00] {BillyD} good idea
[16:00] {dino} wow nemo, 880.22
[16:00] {dino} opps 879
[16:00] {nemo} not as dumb as I look
[16:00] {nemo} wow...vad is slow today
[16:01] {Threei} WPI Receives FDA Approval for Fruit and Cinnamon Flavored Coated Nicotine Gums
[16:01] {Threei} finally
[16:01] {BillyD} QQQQ ends at old resistance area
[16:01] {nemo} Worcester Polytechnic Institute?
[16:01] {Threei} woe
[16:01] {Threei} they hatlted AA
[16:01] {dino} a bang out of your bite
[16:02] {nemo} chinese bought them
[16:02] {BillyD} AA has 5PM EST CCall
[16:03] {Threei} AA Halted ahead of Q2 earnings release; reportedly 2010 capital plan reduces capex to $850M - headline only (9.46, 0.05, 0.53%)
[16:07] {Threei} DDUP
[16:07] {Threei} merger terminated
[16:08] {dino} gotta hop, tee time in 20
[16:08] {Threei} take care dino
[16:08] {dino} u2
[16:09] {BillyD} idea of AA opening then
[16:11] {Threei} yeah... let's drop the idea I guess
[16:11] {Threei} ewho knows how long they intend to hold it
[16:12] {BillyD} true...cya tomorrow
[16:15] {nemo} fcx moving up
[16:16] {nemo} crissakes up 1.50, then down 3, and back up 2...
[16:16] {nemo} look at the 5 minute chart
[16:17] {Threei} AA Reports Q2 -$0.26 v -$0.38e, R$4.2B v $3.93Be
[16:17] {Threei} - Q2 alumina after tax operating income -$7M v $35M q/q (-120% q/q)