Thursday, February 4, 2010

Feb 04 2010

Not profitable but a good nonetheless day. We started with a few stops, then retreated and dug ourselves out of the hole with 4 winning trades in a row. Couple small stops with some little wins made a day slightly negative - but the discipline and cold-blooded approach exercised were enough to feel good about our trading today.

Session Time: Thu Feb 04 00:00:00 2010

[08:23] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET
[08:23] {Threei} - Expectations for initial claims are 455Ke v prior week at 470K (range seen from 420K to 480K)
[08:23] {Threei} - Continuing claims seen at 4.581Me v prior week at 4.602M (range seen from 4.400M to 4.630M)
[08:29] {nemo} V weeak this morning after good report
[08:30] {nemo} selling in the spy
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 480K V 455KE; CONTINUING CLAIMS: 4.602M V 4.581ME
[08:30] {Threei} - Prior Initial Claims revised higher from 470K to K
[08:30] {Threei} - Prior Continuing Claims revised from 4.6...more... (related SHY SPY EUR/USD USD/JPY USO RTH )
[08:30] {nemo} selling in qs
[08:32] {strider} Whoever has the job of estimating claims is a bit too optimistic.........of course he has a secure gu'mint job, so things look pretty rosy from his purview.
[08:36] {Les} yeh well wait until they revise the present figures downwards...
[08:36] {Les} good afternoon
[08:36] {Threei} good morning
[08:36] {fernp} Good morning everybody
[08:36] {strider} Oh, good.....we already know the afternoon is going to be're a useful guy to have around, les.
[08:36] {nemo} yeah, and do the yearly reset...will probably be down at least another million
[08:37] {Les} lovely afternoon here strider. cold but sunny
[08:37] {Les} hi fern
[08:37] {fernp} les :-)
[08:38] {Threei} fern :)
[08:39] {strider} Not especially cold here, 31F, overcast, foggy, snow on the ground from last week.
[08:39] {strider} And lots of good deals on Toyotas.
[08:39] {Les} :)
[08:39] {Threei} this wionter we had about 30 minutes of snow, staying on the ground for about 15 m in after snowfall
[08:40] {Les} where is that pretty mountain you take photos of vad?
[08:40] {strider} So you're well prepared for the Olympics?
[08:40] {Threei} and I still don't see any deals offered by Toyota here
[08:40] {Les} the one covered in snow
[08:40] {Threei} that' s Mt Baker
[08:40] {Threei} Olympic Peninsula
[08:40] {Threei} US side
[08:41] {Threei} they truck the snow in strider
[08:41] {strider} I saw a news report on it the other day......we're having to import snow, I think.
[08:41] {strider} yeah.
[08:42] {strider} Snow Importer/exporter.......maybe that's an up and coming job.
[08:42] {strider} dino does a little of that, I think.
[08:42] {Threei} lol
[08:43] {strider} Vad, any thoughts on whether TM will recover quickly, or base for awhile?
[08:43] {Threei} this is highly liquid situation
[08:44] {Threei} kind of hard to make forecasts when new developments are coming in at the rate of 3-2 a day
[08:44] {Threei} remember yesterday's situation when chart formed bounce,
[08:44] {Threei} and govt official opened his mouth and said "stop driving Toyotas"?
[08:45] {strider} yeah...
[08:45] {Threei} of course he quickly retracted that
[08:45] {Threei} but if you are long, and get caught in 2 dollars drop
[08:46] {Threei} In general, this kind of things doesn't go asway quickly
[08:46] {Threei} it's a good case of "disaster never comes alone"
[08:46] {Les} ?
[08:46] {Les} you mean with TM only
[08:46] {Threei} yes
[08:46] {Threei} first it's floormats, then it's pedal,
[08:46] {strider} ok. I want to pick some up at some point for longer hold, but don't want to get in before I have to.
[08:47] {Threei} then Prius brakes,
[08:47] {Les} ok. understand why TM forecasts full year profits this morning
[08:47] {Threei} now there are suspicions that electrics and software is to blame
[08:47] {strider} or rather need to.
[08:47] {Threei} Senate hearings,
[08:48] {Threei} investigations,
[08:48] {strider} 5min chart shows nice bearish triangle.
[08:48] {Threei} when did Toyota knew what,
[08:48] {strider} Lions and tigers and bears, oh my!
[08:48] {Threei} expect all kinds of lawsuits
[08:48] {Threei} competitors gearing up to steal as many Toyota buyers as possible
[08:49] {strider} right.
[08:49] {Threei} residual values dropping
[08:49] {Threei} etc etc
[08:49] {Threei} it's a clear case of mounting problems
[08:49] {strider} TEOTWAWKI
[08:50] {Threei} unless you decode that next 5 seconds, I'll answer with JIORTWMKDQW
[08:50] {strider} The end of the world as we know it.
[08:50] {Threei} ah :)
[08:50] {Threei} for Toyotas it's rather BOHICA
[08:50] {strider} You're obviously not a serious conspiracy buff.
[08:50] {Threei} no, but they amuze me
[08:51] {strider} That why you keep nemo around?
[08:51] {Threei} I don't... I simply can't get rid of him
[08:51] {Les} MDT getting its butt kicked
06[08:51] * strider slaps nemo around a bit with a large Toyota.
[08:51] {strider} maybe that'll work.
[08:52] {Threei} - 9 cents?
[08:53] {Les} sorry, after hours yesterday
[08:54] {Les} well come to think about it
[08:54] {Les} $1 isn't really a butt kicking is it?
[08:54] {Threei} I expected this whole debacle with Toyota to help with my car shopping, either by giving me great deals for their cars or by pressuring Nissan to lower their price... not happening so far
[08:54] {Les} I am guilty of hyperbole
[08:54] {Les} SAAB's should be cheap
[08:54] {nemo} using logic in the market place....duh
[08:55] {ese} morning
[08:55] {Les} Good Morning Nemo :D
[08:55] {Threei} well, for 43 dolar stock it's not particularly impressive
[08:55] {nemo} G'day
[08:55] {Threei} ese :)
[08:55] {Les} your usual cheery self
[08:55] {Les} hi ese
[08:55] {nemo} dude
[08:55] {ese} dude vad les
[08:56] {Threei} not really interested in SAAB...
[08:56] {Les} after seeing toyota yesterday, I need to reappraise what butt kicking means to a stock
[08:56] {Les} was thinking of you and SAAB
[08:56] {Threei} were you around when BSC went under Les?
[08:57] {Les} no
[08:57] {Threei} I had a good fortune to issue a short call at 40
[08:57] {dino} gm all
[08:57] {nemo} some of the dot.bomb stocks...omfg
[08:57] {Threei} (I think it was 40)
[08:57] {Threei} dino :)
[08:57] {Les} hi dino
[08:57] {Threei} it dropped to under 20 if I remember corrected in the next 2 minutes
[08:57] {Les} kaching
[08:57] {strider} Didn't know you did options, vad.
[08:57] {Threei} someone commented "I never made so much money that quickly on 100 shares"
[08:58] {ese} dino
[08:58] {Threei} wasn't options
[08:58] {Threei} I meant call to short it
[08:58] {strider} oh...gotcha.
[08:58] {Les} ok. I'll save "butt kicking" for such events
[08:59] {Les} was thinking of you and SAAB cause FBI got involved
[08:59] {Les} apparently Spyker was partly owned by Russian billionaire with ties to mafia
[08:59] {Threei} my oreferred result would be to get a few thou kicked diown on my favorite Murano
[09:00] {Threei} alternatively, latest iteration of RAV4 looks not bad in its top line configuration... but a bit too... ummm... pedestrian
[09:01] {Les} never like that one. Why not Honda 4x4?
[09:01] {Threei} don't see a model in their lineup that I like
[09:01] {Threei} Pilot is too big
[09:01] {Threei} CRV is too rigid
[09:01] {Les} yeh the CRV
[09:01] {Threei} Crosstour is too low
[09:02] {Threei} sits too close tio the ground I mean
[09:03] {Threei} I disliked RAV's previous versions, they were on a smallish side... latest one is good size
[09:04] {nemo} girl's car
[09:04] {Threei} RAV??
[09:04] {ese} Landrover vad......very distictive
[09:04] {Threei} lol
[09:04] {ese} distinctive
[09:04] {nemo} mechanical nightmares
[09:05] {Les} yeh I hear landrovers are expensive to maintain
[09:05] {Les} but we used to thrash the defender series out in the bush. good truck
[09:05] {ese} ya they can be nemo especially the ones produced by Ford
[09:06] {strider} My next car will probably be a Ford Escape.
[09:07] {strider} My next motorcycle may be a mini-Cooper.
[09:07] {dino} ma bit of blood
[09:08] {dino} get a real suv vad, dodge durango
[09:08] {Threei} hehe
[09:09] {strider} I got one of those, nemo....a '99, 5.9 liter.
[09:09] {dino} the name alone says get out of the way
[09:09] {dino} me too strider
[09:09] {Threei} no kidding
[09:09] {dino} '06
[09:09] {strider} mine's been a good car. Needs a rear main seal right now......may have the tranny rebuilt while it's out.
[09:10] {strider} 130k miles.
[09:11] {Les} you guys are nuts. We own one of these -
[09:11] {dino} i like them
[09:11] {strider} I pull a 7 x 14 box trailer with mine sometimes...7-8000 lbs no problem.
[09:12] {Threei} I'd have to exhale to squeeze into it Les {G}
[09:12] {strider} damn frenchies.
[09:12] {dino} i pull lawnmowers and 4 wheelers, same no issues on power
[09:12] {nemo} makes a nice door stop les
[09:13] {dino} only comp0laint, had to buy tires in december, wow $150 ea.
[09:13] {billyc} gm all
[09:13] {strider} I'd like to have a Ford Excursion diesel, but kind of hard to find anymore.
[09:13] {Threei} AMSC Wunderlich Securities Initiates AMSC with Buy, price target: $50
[09:13] {Threei} billy :)
[09:13] {strider} or is it the expedition?
[09:14] {strider} I get the names confused.
[09:14] {dino} watching ads, amsc, cacc, ioc, ma
[09:14] {Threei} Wunderlich Securities is obviously as puzzled about AMSC as we aree
[09:14] {nemo} spy an qS look poised for a rop
[09:15] {nemo} drop
[09:15] {dino} so is dino research
[09:15] {nemo} watched "Defiance" last night...good movie
[09:15] {Threei} so is Threei - Thinkless-Tank
[09:16] {Threei} aka as TTT
[09:16] {strider} vad, would you take a look at CELM. Holding overnight from 4.67. Should I put out an offer now, or wait till after open......based on uptrend yesterday.
[09:16] {strider} Or maybe just hang on and see how the day goes for it.
[09:16] {strider} It's an IPO...this is the first interest in it.
[09:16] {Threei} I don't see any news on it
[09:17] {larisa} gm all :)
[09:17] {Threei} larisa :)
[09:17] {Threei} no idea strider, sorry
[09:17] {Threei} it has no history, no chart, no news
[09:17] {Threei} it can do anything
[09:17] {strider} yep.
[09:17] {Threei} I just have nothing to go of
[09:18] {strider} information...much overrated.
[09:18] {Threei} it is... but in absence of it we at least have charts
[09:18] {Threei} and there is no even that on this one
[09:19] {Threei} larisa, my apologoes but:
[09:19] {Threei} guess who is on tv
[09:20] {larisa} at least before you did not ask me personally :)
[09:20] {Threei} no, question is still to general population
[09:20] {Threei} aplogies are to you personally
[09:20] {strider} sell 1/2 at 5.11.
[09:21] {Les} Natalie Imbruglio
[09:21] {Threei} and hey, you can see how this word goes against my nature
[09:21] {Threei} can't spell it right twice in a row
[09:22] {dino} fsys?
[09:22] {Les} damn Larisa, you killed this game!
[09:22] {Les} no one answers...
[09:23] {Les} and good morning :)
[09:23] {Threei} upgrade with 44 target dino
[09:23] {strider} OK. I'll guess. William of Ockham?
[09:23] {Threei} I like Les's choice more
[09:24] {lasertrev} gm
[09:24] {Threei} trev :)
[09:24] {strider} yeah, vad, but concise is nice.
[09:25] {Threei} TM lost support at .30
[09:25] {strider} Anyway, would prefer Natalie Portman.
[09:25] {Threei} weant to watch AMSC more close today
[09:26] {dino} me too
[09:26] {Threei} yesterday's spike near close shows that selers are not that confident anymore, and buyers have their chance
[09:27] {Threei} at some point this nonsense will be over, and run-up will be impressive
[09:28] {dino} gap 33.22
[09:28] {dino} filled yesterday
[09:30] {dino} fsys something up
[09:31] {dino} heck of a gap open
[09:31] {Threei} Short Setup: WFC .90 break
[09:31] {Threei} if stays under 28
[09:31] {nemo} amsc at support
[09:33] {Threei} TM NHTSA (US auto regulator) to open formal investigation of Toyota Prius brake issue
[09:35] {Threei} CYTX Strength attributed to media report of positive study results for Cytoi stem cell therapy
[09:35] {Threei} Long Setup: BCRX .60 break
[09:37] {Threei} WFC no worky
[09:37] {dino} cacc bit wide
[09:37] {Threei} CYCC Roth Capital Initiates CYCC with Buy, price target: $7
[09:37] {Threei} that's some target
[09:38] {Threei} ese, could be your type of stock
[09:38] {ese} in and out brcm .40 / .49 +.09
[09:38] {ese} sorry vad which one
[09:38] {ese} cycc
[09:38] {Threei} yeah
[09:39] {ese} was concentrating on brcm
[09:39] {ese} will have a look
[09:40] {ese} yup
[09:40] {strider} stop brcm?
[09:40] {strider} .55?
[09:40] {Threei} (US) Preview: Dec Factory Orders due out at 10:00ET
[09:40] {Threei} **consensus expectation: 0.5%e v 1.1% prior
[09:40] {Threei} CNLG spike
[09:40] {ese} definitely my type
[09:42] {ese} stec stalking at .96
[09:42] {strider} what's your stop brcm, vad?
[09:42] {Threei} strider?
[09:42] {nemo} rimm verticle
[09:42] {Threei} I've never called BRCM
[09:42] {strider} bcrx
[09:42] {dino} amsc sm l .20
[09:42] {strider} sorry
[09:42] {Threei} oh
[09:42] {Threei} under .50
[09:42] {strider} a vad-ism
[09:44] {Les} small s TM .59
[09:44] {Les} out .26 +.30
[09:44] {Les} .29
[09:45] {Threei} wtg
[09:47] {ese} stec invalidated or me
[09:47] {dino} gj
[09:48] {Threei} TM looks like ready to lose 71
[09:49] {Threei} held this time
[09:50] {ese} l cycc .35
[09:50] {dino} ioc gap fill
[09:50] {nemo} bcrx looking short now
[09:53] {nemo} cat at major support
[09:54] {dino} ups sm l .90
[09:55] {dino} greece, portugal, spain, california, dominos
[09:56] {dino} could likely break the euro (cali excluded)
[09:56] {Les} CAT b/d?
[09:56] {Les} 52 or lod?
[09:57] {Threei} 52
[09:57] {Threei} BCRX stopped... 1 cent shy of 1:1
[09:58] {Les} s CAT .99
[09:58] {Les} half out .89
[09:58] {Threei} over 1:1 CAT
[09:59] {Les} letting other half ride a bit longer
[09:59] {Les} stop b/e
[10:00] {Threei} *(US) DEC FACTORY ORDERS: 1.0% V 0.5%E
[10:00] {Les} stopped
[10:01] {Les} AMSC 33 B/D?
[10:01] {Les} has it consolidated long enough?
[10:01] {Les} too late
[10:01] {Threei} yes but not really valid setup anyway
[10:02] {Les} yes I remember that a few ticks does not make consolidaton
[10:02] {Threei} and too sharp drop into support just before that
[10:02] {Les} ok
[10:03] {fernp} AFFX, any read Vad?
[10:03] {ese} out cycc stopped .29 -.06
[10:03] {Threei} not really fern
[10:04] {fernp} ty
[10:04] {Les} cat coming back down
[10:06] {dino} amsc stopped
[10:10] {Threei} TM, good news this time?
[10:12] {fernp} BCRX breakdown, Vad?
[10:12] {Threei} don't chase
[10:12] {Threei} .40 was
[10:13] {Threei} WFC justy had to stop us out before working, did it
[10:14] {nemo} .20 major support for fcx
[10:19] {dino} fcx gap fill
[10:20] {nemo} 10:14] {nemo} .20 major support for fcx
[10:20] {dino} sm l .50
[10:21] {dino} stop is .19
[10:23] {Threei} Long Setup: RIMM .55 if holding above ,45
[10:25] {Threei} what is it, one of those "why did I bother to wake up" days?
[10:25] {nemo} Eqzaktly
[10:29] {nemo} So, we've basically retraced the rally
[10:29] {Les} $ up
[10:31] {Threei} Long Setup: CAT 52 break
[10:31] {Threei} if stays above .90 for scalpers, .85 for day traders
[10:32] {Threei} 1:21 for scalpers
[10:32] {Les} ty
[10:32] {Threei} 1: 1 for daytraders
[10:34] {Threei} Toyota puts first estimate on the debacle: $2 B
[10:34] {nemo} going long is torture today
[10:39] {Threei} looking at daily,
[10:39] {Threei} we retraced the rally, but is it double bottom or further breakdown?
[10:40] {Threei} part of the clue will be in today's close and volume
[10:40] {nemo} your the one with the 3rd eye
[10:40] {Les} TM looks like it wants to go long
[10:40] {ese} l affx .26
[10:40] {Threei} used to bem until Larisa beat me up for another not funny joke
[10:41] {nemo} not the one-eye?
[10:41] {Threei} no, just back to norm
[10:41] {ese} out 1/2 .33 +.07
[10:42] {dino} ads sm l .25
[10:43] {Les} l CAT .12. stop 52
[10:43] {Les} AMSC returning to lod
[10:44] {ese} out in full .36
[10:47] {fernp} HIG breakdown, Vad?
[10:47] {Threei} I think so
[10:48] {Threei} .65 resistance to [lace stop above
[10:48] {Les} amsc lod b/d
[10:50] {dino} outy fcx .25, +.75
[10:50] {larisa} gj
[10:50] {dino} ty
[10:51] {Threei} HIG if triggers, should be capable of more than scalp with any market help
[10:52] {Threei} nothing but air for good 40-50 cents under
[10:52] {fernp} ok
[10:52] {Threei} Short Setup: WFC .47 break
[10:54] {Threei} cover half under .40
[10:54] {Threei} scalpers be happy
[10:55] {fernp} out HIG ty Vad
[10:55] {fernp} missed WFC
[10:57] {Les} out CAT +.12
[10:58] {nemo} pulling teeth day
[10:58] {Threei} who promised evcery day would be easy?
[10:59] {Threei} die WFC
[10:59] {Threei} 1"2
[10:59] {Threei} cover 1/3 more
[10:59] {Threei} ok, three wins in a row make it easier to breathe
[11:01] {Threei} stop to .45 for the last piece
[11:03] {fernp} watching QQQQ 43 breakdown
[11:03] {Threei} premier of one of Canadian provinces has his heart surgery today - in the USA
[11:03] {nemo} yeah, saw thaat a couple of days ago
[11:03] {Threei} opponents of health care bill applaud
[11:04] {dino} too long of a wait in canada
[11:05] {Threei} adustment on WFC:
[11:05] {nemo} stop hig
[11:05] {Threei} stop to abobe .40,
[11:05] {Threei} and possible long entry .41 if holding above .35
[11:05] {Threei} nemo... say what?
[11:06] {Threei} HIG hit 1:1
[11:06] {nemo} oh well
[11:06] {nemo} ba teeth day
[11:06] {Threei} you may decide not to take profit there, but how come stop is not trailed?
[11:07] {nemo} read wrong
[11:07] {Threei} WFC 1:1 on long side
[11:07] {Threei} that's 4th one, and the one that puts me at flat for the day
[11:08] {nemo} yeah, I'm flat too
[11:10] {Les} nice to hear that. me too
[11:10] {Les} see. I can keep up with Nemo if I really, really, really trie
[11:10] {Les} try
[11:10] {strider} I'm sort of concave
[11:11] {Threei} great... now I have to fight myself, with all the remarks about bar set so low and other nasty stuff...
[11:11] {Les} hehe. taxi time, back later
[11:11] {nemo} what...?
[11:11] {nemo} Hey dino Pennsylvania debating bankruptcy
[11:12] {Threei} dunno... I guess Les is telling us he trades from the cab he drives, buying and selling while traffic light is red
[11:14] {dino} not pa
[11:15] {strider} NY AG Cuomo brings Martin Act charges against Bank of America ex-CEO, CFO
[11:15] {strider} Reported by CNBC
[11:15] {nemo} Harrisberg, sorry
[11:15] {dino} philadelphia maybe
[11:16] {dino} if the ease up on the natural gas drilling, pa could become the next texas
[11:16] {dino} marcellus shale, biggest find to date
[11:17] {nemo} yep
[11:17] {nemo} I love how the unions won't give in on anything anywhere...just raise taxes and pay them
[11:18] {fernp} QID
[11:20] {Threei} Reportedly draft Senate bill proposes retroactive 50% tax on 2009 bonuses above $400K at financial firms that got bail out money (related XLF )
[11:20] {Threei} retroactive tax... is there any law left in this country?
[11:20] {Threei} is it me or quotes down?
[11:21] {nemo} they always pass retroactive taxes
[11:21] {strider} I'm OK here
[11:21] {nemo} I've got to reboot, LASER STB'd on me an I can't get it running again
[11:22] {nemo} oh, finally came back
[11:22] {Threei} yes, mine too
[11:23] {nemo} should we lynch trev?
[11:25] {Threei} I vote yes - just because since when do we need a reason for that?
[11:25] {nemo} true...but is he up in canada too?
[11:25] {nemo} LASER STB again
[11:25] {Threei} yes
[11:26] {nemo} makes perfect sense the way this day is going
[11:26] {Threei} lol
[11:26] {dino} i believe w/amt, they already pay about 40%
[11:26] {Threei} come on, nemo, we just dug ourselves out of the hole, why not be thankful we can't dig a new one
[11:27] {fernp} QID any read, Vad?
[11:27] {Threei} that being said,
06[11:27] * Threei slaps lasertrev around a bit with a large case of executor being out
[11:27] {nemo} Trev...Did Vad tell you about trev about my DISGRUNTLED POSTAL WORKER FANTASY LIST?
[11:27] {strider} hey trev I need you quick..dcc
[11:27] {nemo} I might as well start cleaning my guns!
[11:27] {Threei} fern, looks worth a try but my quotes are off
[11:28] {fernp} ok, mine are fine
[11:28] {nemo} that's putting it mildly
[11:28] {larisa} anybody need quotes?
[11:29] {fernp} quoteserver 15 is working here, fwiw
[11:30] {larisa} I can not even connect to laser
[11:30] {Threei} right
[11:30] {strider} I can't either. Just had to call trev to get me out of 2 positions.
[11:30] {Threei} quotes that were open before executor lost connection work
[11:30] {Threei} but can't switch to any other
[11:30] {strider} that's why I didn
[11:30] {strider} t kjnow it sooner.
[11:31] {dino} anyone needs quotes, give me symbol
[11:31] {strider} I've got another feed....
[11:31] {fernp} quotes are wooking here fine
[11:32] {strider} al-quaeda did it.
[11:32] {fernp} watchig DELL, MSFT, AAPL, MON, FEED
[11:32] {fernp} works fine
[11:37] {Threei} judging by SPY that I still can see, QID starts woprking fern?
[11:37] {strider} indeed. Both my trades were working.
[11:38] {nemo} you got Bohica'd
[11:38] {strider} don't know my status. Trev is going to call me back.
[11:38] {Threei} oh guys, relax, will ya
[11:38] {Threei} how often does it happen?
[11:38] {nemo} I have no alcohol
[11:39] {fernp} Qs broke 43
[11:39] {dino} big mistake
[11:39] {Threei} lol
[11:39] {nemo} I'm going to have a tantru
[11:39] {nemo} tantrum
[11:39] {fernp} my 1:1 is here
[11:39] {Threei} wtg
[11:40] {nemo} thanks for rubbbing it in fern
[11:40] {fernp} sorry guys, but here everything works fine
[11:40] {Threei} europians cvould be on different server farm
[11:41] {fernp} yeah, remote accounts are different
[11:41] {nemo} I'm in
[11:42] {nemo} now that's interesting, only my "X" account vad
[11:42] {fernp} nemo thanks for rubbbing it in fern
[11:42] {Threei} ssme here
[11:42] {strider} Just came back up...............
[11:42] {fernp} i like it, nemo, i like it lol
[11:42] {strider} closed out both for a profit.
[11:42] {Threei} so things are not that bad
[11:43] {nemo} so...fern has a little edge to that gentlemanly demeanor
[11:43] {strider} it was taking quite awhile to close them out.
[11:44] {nemo} fcx near lows
[11:48] {Threei} TM bounced into resistance
[11:48] {Threei} if trendline holds, should drop from here
[11:49] {Threei} with it's colstility nailing exact entries is rarely possible
[11:49] {Threei} .55 was resiastnce for stopp placement, entry was a bit fuzzy
[11:49] {dino} qcom sm l .55
[11:49] {nemo} wow...original
[11:50] {dino} stop lod
[11:50] {Threei} colstility?
[11:50] {Threei} that was supposwed to be volatility
[11:51] {nemo} yeah...I figured...but that was one of your better (worse) ones
[11:51] {Threei} lol
[11:51] {Threei} I am striving for excellence
[11:51] {Threei} and new achievements
[11:51] {nemo} confusion is not a worthy achievement
[11:52] {Threei} who says I am confused
[11:52] {Threei} I am not even lost, except on Tusdays
[11:52] {nemo} it's what you create among the minion
[11:53] {Threei} ok
[11:53] {Threei} Short Setup: TM .40 break
[11:53] {Threei} if stays below .55
[11:54] {Threei} half lot please
[11:57] {Threei} that .41 bid will decide the fate if this trade
[11:57] {Threei} if taken, should drop like a stone
[11:58] {Threei} come on sellers, give IBSS all he wants
[12:01] {Threei} alternatively, may we get some govt opfficial saying "no morwe totyota in this country"?
[12:01] {Threei} he can retract it 45 minutes later
[12:01] {Threei} 4-5 min
[12:01] {nemo} Toyota employs alot of americans
[12:01] {dino} out ads .65, +.40
[12:01] {Threei} should be enough for usa to get 5 bucks
[12:02] {Threei} hey, yesterday's suggestion to stop driving them was no less idiotic
[12:02] {Threei} did it stop them?
[12:02] {nemo} that's it
[12:02] {Threei} oh well
[12:02] {fernp} no go
[12:02] {nemo} whoa, maybe not
[12:02] {Threei} Market Internals update at 12:00pmET
[12:02] {Threei} - NYSE volume 535M shares, about 22% above its three-month average; decliners lead advancers by 12.7:1.
[12:02] {Threei} - NASDAQ volume 1.27B shares, about 38% above its three-month average; decliners lead advancers by 5.1:1.
[12:02] {Threei} - VIX index +15.25% to just under 25.00
[12:03] {nemo} did you actually mean No "Les" idiotic?
[12:04] {Threei} Les, feel free to slap him silly
[12:04] {dino} but les is more
[12:05] {nemo} More idiotic Dino?
[12:05] {strider} Question, vad. After entry on TM, a really nice ascending triangle developed. Do you ever exit the position because the chart start looking like a fade of your position?
[12:05] {nemo} sure strider...he's tightened stops and scratched positions before
[12:05] {Threei} I may, but in this case volume did not confirm the bullish formation
[12:06] {Threei} it was mostly about that bidder
[12:06] {strider} k
[12:14] {Threei} EU) EuroGroup's Juncker: Spain and Portugal are not a risk to the EuroZone; not expecting a public statement on FX
[12:14] {Threei} hmm
[12:14] {nemo} TM could have trouble between here and 85
[12:14] {nemo} .85
[12:15] {dino} sounds familiar, remembering back when c, bs, etc were not at risk
[12:15] {Threei} exactly my point dino
[12:15] {Threei} providing "hmmm" makes a point :)
[12:16] {Threei} when they start denying without being asked directly...
[12:19] {dino} few days ago greece was not in trouble
[12:19] {nemo} wasn't the mortgage crisis contained?
[12:19] {Threei} US Energy Sec Chu: Treasury energy grants should be extended (related USO UNH GRID FAN TAN )
[12:23] {nemo} looking at tm for possible short on pull back to 85 area
[12:23] {nemo} .85
[12:32] {nemo} resistance area of .85 on amsc
[12:33] {Threei} I asm a bit at loss about it
[12:33] {nemo} loss about what?
[12:33] {Threei} situation with TM
[12:33] {Threei} see,
[12:33] {nemo} oh, yeah, I mean't tm
[12:33] {nemo} duh
[12:33] {Threei} everything I hear about events development indicates its troubles as as far from over as my dancing skills from Bolshoi balerina
[12:34] {nemo} sorry...went over my head
[12:34] {Threei} and all my experience with this kind of drops tells me,
[12:34] {dino} it just may take time to fall 3i
[12:34] {Threei} this has a lot of room to downside
[12:35] {Threei} it's ok nemo, read couple times
[12:35] {nemo} o.. short .75 break .85 stop, half lot?
[12:36] {strider} nemo, what is o..?
[12:36] {nemo} o.k. sorry TM
[12:36] {Threei} what I am driving at is:
[12:36] {Threei} evferything in me says it will drop and drop and drop
[12:36] {nemo} no pun intended over toyota?
[12:37] {nemo} it is hugging the 200 ma
[12:37] {Threei} and we will see it so low, today's prices will seem like heaven for it
[12:37] {Threei} but I don't see cleasn short setup right now,
[12:37] {Threei} and its volatility and this neverending stream of news makes it very hard to stick woth position
[12:38] {dino} there are better worlds
[12:38] {Threei} I guess
[12:47] {Threei} AMSC, so far todays volume is way down vs those twqo days of selling
[12:48] {Threei} just making observations for the future
[12:50] {dino} watching it too
[12:50] {dino} feels like b-day print coming on dji, been awhile
[12:52] {dino} watching, ads, amsc, cagc, crm, gld (strange w/sovereign risk issues), ma
[12:53] {Les} 18:04 Threei Les, feel free to slap him silly
[12:53] {Les} ? I'm listening
[12:54] {Threei} he made a remark just prior to that
[12:55] {Les} MS .76 b/d?
[12:55] {Threei} totally
[12:58] {Les} cat b/d
[12:58] {Les} large stop
[12:59] {Threei} White House Press Sec Gibbs: May see a revision in monthly data on unemployment that may show jobs growth worse than previously thought
[12:59] {nemo} cat back to support
[12:59] {nemo} May?
[12:59] {nemo} May?
[12:59] {nemo} MORON
[13:00] {Threei} { morons} what did we ever do to you that you find it necessary to insult us like this?
[13:00] {Les} hehe smart enough to admit it but nothing more
[13:00] {nemo} fcx testing lows
[13:00] {Threei} - Note: Gibbs likely referring to the scheduled benchmark revisions due out with tommorow's Nonfarm payrolls
[13:00] {Threei} - US must determine how to create economic and jobs growth that is not dependent on easy credit
[13:01] {Threei} excuse me... WHAT??
[13:01] {Les} lol
[13:01] {nemo} so,
[13:01] {nemo} MORON
[13:01] {Threei} that's all this administration tried and continues trying to do, job wise
[13:01] {Threei} including latest suggestions
[13:01] {Les} It's rather monty python isn't it
[13:02] {nemo} There's a penguin on the telly?
[13:02] {Threei} TM To recall Prius in Japan and the US - Nikkei
[13:02] {Threei} mama
[13:03] {Threei} told you... this is neverending stream of bad news, mounting each other
[13:04] {Threei} ***Note: 2/4 NHTSA (US auto regulator) to open formal investigation of Toyota Prius brake issue.
[13:04] {Threei} how is it not in 60s yet??
[13:04] {nemo} wow..loook at gold
[13:05] {Threei} good
[13:05] {Threei} oil too
[13:08] {Threei} ccrrrrrap
[13:08] {Threei} just as I started typing "let's try double top on TM"
[13:13] {Les} ms
[13:16] {Threei} dealership owner asked about impact on their sales answers:
[13:16] {Threei} They'll come back
[13:18] {Threei} NY Fed Pres Dudley: Chance of relapse into another recession is 'low'; concerned about strength of recovery - interview comments
[13:18] {fernp} 15:05 EDT Toyota will start examining SAI Lexus HS250H vehicles, Bloomberg reports citing the Nikkei. :theflyon
[13:19] {fernp} lexus (a toyota filial) also having problems
[13:19] {Threei} oh boy
[13:19] {Threei} it's like a wasp nest
[13:19] {Threei} just touch it
[13:20] {patience} interesting how toyota is becoming catalyst for market vomit reaction
[13:20] {Les} Wouldn't surprise me to see this cost cutting CEO commit suicide before this is over
[13:20] {patience} sadly you are more than likely accurate in your prediction
[13:21] {Les} that's a lot of shame heaping on him
[13:21] {Threei} Reportedly EU document prepared for G7 meeting says EU will urge US and China to lead the rebalancing of the global economy
[13:21] {patience} if i were ceo at another car company, i would be calling all of my subordinate managers saying tell me all the shit i don't know about
[13:21] {Threei} hmmm?
[13:22] {patience} sorry, shouldn't swear
[13:22] {Threei} how do US and China rebalance world economy?
[13:22] {Les} well EU doesn't want to spend on stimulus
[13:22] {Les} so it asks you guys to spend more
[13:22] {Threei} this is what I am thinking now patience
[13:22] {Les} TM b/d
[13:23] {Threei} if so many dark things could hide for so long under the Toyopta bed,
[13:23] {Threei} what do we discover if look closer under the beds next to it?
[13:23] {Threei} Document raises concern that current Chinese currency policy could lead to large renewed global imbalances
[13:25] {Threei} TM}}}
[13:25] {dino} patience, w/respect, tm is not influencing the market imo. only its' own stock
[13:25] {Threei} 72 break is obvious short trigger
[13:25] {Threei} how well obvious can work on it, is whole separate issue
[13:26] {nemo} I agree with Patience...this would actually be seen as good for US auto unions
[13:27] {dino} what does that have to do w/anything else?
[13:27] {Threei} I agree dino, market drops independtly of Toyota
[13:28] {dino} my gut feel is govt debt default worries are scaring people the way leh, bear, banks ect did
[13:28] {dino} eerily similar
[13:29] {dino} i see the harrisburg, pa default issue now, our state capital, idiots
[13:29] {dino} philadelphia next.
[13:30] {dino} then california, etc. the domino effect is the worries right now
[13:34] {ese} damn......i'm suppose to be 1/2 time this year at school yet i'm the phone constantly.....well whats happennin
[13:35] {ese} on the
[13:35] {dino} blood
[13:35] {dino} pot
[13:36] {Les} hmm I'm sure analysts raised prospects for POT recently
[13:36] {Les} MOS .50 b/d?
[13:36] {nemo} low is .45
[13:37] {Les} she'll be right mate
[13:37] {nemo} I've got another at critical level
[13:37] {nemo} probably going to climb here
[13:37] {nemo} try to regain support
[13:37] {Les} i'll go long if need be
[13:40] {dino} 2:00 ish
[13:40] {strider} I may be gone for a few days......see ya when I see ya.
[13:40] {strider} stuff to do.
[13:40] {dino} take care
[13:40] {Les} ciao strider. don't kill any children with the truck
[13:41] {Threei} take care strider
[13:41] {strider} don't have a truck.
[13:41] {Les} s mos .49
[13:41] {fernp} bye st
[13:41] {Les} and out
[13:41] {strider} thx. Also need to take a break from trading. I'm getting in a bad place...........need to recoup.
[13:41] {Les} ow crap
[13:43] {dino} we all go thru it strider
[13:43] {Les} sure thing
[13:43] {dino} gxdx
[13:44] {nemo} amsc coming to support again
[13:50] {dino} gxdx sm s .74
[13:51] {dino} stopped -.36
[13:51] {nemo} that hurt a little
[13:51] {Les} thanks Nemo. a quick and heavy scalp of amsc bounce
[13:51] {dino} thats a wtf
[13:51] {nemo} yw
[13:52] {nemo} short again now
[13:52] {Les} MOS
[13:56] {Les} stopped out on MOS damn. someone say like pulling teeth?
[13:56] {nemo} yeah
[13:56] {nemo} there you go dino
[13:57] {dino} rinsed gxdx
[13:57] {nemo} stop above .80
[13:59] {Les} tighter bounces on the q's make me wait n see. Might pass as Nemo called it
[13:59] {nemo} pass on what les?
[14:01] {nemo} SOGOTP time for gxdx
[14:03] {nemo} amzn coming into support
[14:03] {Les} trades
[14:03] {ese} i'm outa here....see ya days gone
[14:03] {Les} wait for some clarification. I always lose more trades than gained 2nd half of session
[14:03] {Les} ciao ese
[14:04] {dino} crm sm l .25
[14:04] {dino} cya es
[14:04] {fernp} bye ese
[14:04] {Les} AMSC nice descending triangle. could be a nice trade either way
[14:05] {nemo} that's helpful
[14:05] {Les} :P
[14:05] {nemo} Makes me think of the scarecrow when Dorothy asked which way they went
[14:07] {fernp} maybe QID for a fast scalp if breaks .50
[14:08] {nemo} currently looks weak to me
[14:11] {Threei} TM really p*sses me off
[14:12] {nemo} everything is dribs and drabs right now
[14:12] {Les} gone random?
[14:12] {nemo} mos inverted C&H
[14:14] {Threei} just feel so confient about it being a short and for the world of me can't find entry
[14:15] {nemo} out mos +.10
[14:19] {dino} 2:20 up
[14:20] {Threei} daily does not look good for bulls at all
[14:20] {nemo} no new lows today
[14:20] {dino} 2:20 area has been contra time
[14:21] {Threei} I am talking about market overall
[14:21] {dino} agree overall, contra move for 20-45 min, then down
[14:25] {nemo} Qs an SPY at 200 ma
[14:27] {nemo} triple top rimm?
[14:28] {Threei} SPY on daily: double bottom so far, second bottom is a bit lower, volume on it is a bit higher
[14:28] {Threei} I'd say, we are headed lower
[14:29] {Threei} can't read squat on RIMM
[14:29] {nemo} was a triple top
[14:29] {nemo} fighting horizontal resistance the 200 also
[14:34] {Les} GS rallying hard.
[14:34] {Threei} Short Setup: VXX .50 break if sttays .60
[14:37] {nemo} they're trying to get spy to 107.50
[14:37] {Threei} which should make VXX work
[14:37] {nemo} yes
[14:37] {nemo} I've got to leave at 3:00 gonna be interesting
[14:40] {Threei} Toyota Motor Corp Statement regarding Prius brake issue
[14:40] {Threei} - Toyota is aware that NHTSA has opened a Preliminary Evaluation centered on owner complaints of a braking issue with the 2010 model year Prius. Toyota will cooperate fully with NHTSA's investigation
[14:41] {Threei} does it really have options?
[14:41] {Threei} not to cooperate? as in "we won't show you our Prius"?
[14:43] {Threei} sigh
[14:43] {dino} hmmm 20 min. only
[14:44] {Les} CAT lod
[14:46] {Les} Vad, just bought Koppel's Intuitive trader. Noticed it on your list of things to read
[14:47] {Threei} wy buy everything in sight
[14:47] {nemo} forming inverted C&H pehpas .50 would be trigger, but depends on how it gets there
[14:47] {fernp} great book, Les
[14:47] {Threei} get it in the library, read once, decide if you want it on your shelf
[14:47] {Les} pffffffff
[14:47] {Les} your a foreigner in your country
[14:47] {Les} so am I
[14:47] {nemo} you'd be a foreigner in Oz
[14:48] {Les} :)
[14:48] {Threei} I am foreigner everywhere
[14:48] {Threei} stranger in a strange land
[14:48] {Les} we have small but very competent library in our village
[14:48] {nemo} Les probably a frickin' alien
[14:48] {Les} but not for english speaker
[14:48] {Les} belt up nemo
[14:49] {nemo} always
[14:49] {dino} and i am a legend in my own mind
[14:49] {Threei} libraries here can order anything for you, if they don't have it
[14:49] {Les} you are well endowed with public service
[14:49] {Threei} don't know if thats the case in your neck of the woods
[14:49] {Les} me no
[14:49] {Les} the imbeciles running this village don't put much stock in cultural activities like reading
[14:49] {nemo} 2nd leg up coming
[14:50] {Threei} so, let's reshort VXX if triggers again?
[14:50] {Les} TM 72 break?
[14:50] {nemo} or rimm, fcx long
[14:51] {dino} out crm .70
[14:51] {dino} +.45
[14:52] {Les} Got MPP delivered today as well ty
[14:53] {Threei} that's fast
[14:53] {Threei} I really don't know what to do with TM
[14:53] {Threei} IMO, this is $30 stock
[14:53] {Threei} at best
[14:54] {Les} stop that, you're making me sweat
[14:54] {Threei} but then again, there are brokerages that think AMSC is $50 stock
[14:54] {dino} wow vad. it's just a recall, happens all the time. a beer says it doesn't touch 65
[14:54] {Threei} and look how well it works for them
[14:55] {Threei} I don't see it as just a recall dino...
[14:55] {Threei} in my view it's much more than that
[14:55] {dino} guess not
[14:55] {Threei} it's a perfect storm
[14:55] {Les} I think they've got design and structural issues dino
[14:55] {nemo} out rimm +.10
[14:55] {dino} was 92 when this started
[14:55] {dino} gj nemo
[14:56] {Threei} their cars were never bought because they were cool or sexy,
[14:56] {nemo} gotta' go
[14:56] {Les} well not structural, but design issues
[14:56] {dino} cya nemo
[14:56] {Threei} they were embodiment of rekiability
[14:56] {Les} ciao nemo
[14:56] {Threei} these issues hit them in their very core
[14:56] {nemo} that was a fun day of periodontal work
[14:56] {dino} well, anything can happen, but i think 65 ois floor
[14:56] {nemo} only Bear is happy with me today
[14:57] {Threei} and it happens at the mnoment when their political enemies are mortivated more than ever to do all they can to kill them
[14:57] {Les} and consumer is tapped out as well
[14:57] {Threei} look how these things get blown out of proportion
[14:57] {Threei} by some statments you'd think Toyota cars are death traps
[14:59] {nemo} I gotta go but rimm weak lower high
[14:59] {Threei} oh just go
[15:00] {nemo} I'll be late tomorrow.
[15:00] {Les} so would you risk overnight holds on TM?
[15:00] {Threei} nope
[15:01] {Threei} risk is simply too high
[15:01] {Les} ok, so its going to be on our watch list every day
[15:01] {dino} imo, autos = price issue]
[15:01] {dino} brb
[15:02] {nemo} that was a .15 drop in I'm gone
[15:02] {Les} 200 and 50 ma glued together and spy has fallen below them
[15:03] {Les} s TM .90. stop 72
[15:04] {Threei} wow
[15:04] {Threei} not available for short anymore
[15:04] {Les} out +.10
[15:05] {Les} become trader's preferred toy eh?
[15:05] {Threei} I guess
[15:05] {Threei} they come and go in and out of fashion
[15:05] {Les} funny that Magoo is not here to play
[15:05] {Threei} ugh
[15:08] {Les} s TM .79
[15:09] {Les} out +.15
[15:10] {Les} sigh. back to flat again
[15:10] {Threei} lol
[15:10] {Les} any decent trades while i was out?
[15:10] {Threei} consider it practice day
[15:10] {Les} it is good practice
[15:10] {Threei} I don't remember at what point you went away
[15:11] {Les} and I understand from Larisa now that day's like this the effort is just not to lose money
[15:11] {Threei} we had 4 winning ones in a row which took us to flat for the day, then two small stops
[15:11] {Les} yeh I left when you made it flat
[15:11] {Threei} then you haven't missed anything
[15:11] {Threei} asdide from nemo trying to pick a fight with you
[15:12] {Threei} but you can always take your rebenge tomorrow
[15:12] {Threei} revenge too
[15:16] {Les} yes always another day
[15:17] {Threei} view today this way:
[15:17] {Threei} shaky start,
[15:18] {Threei} often setting traders up for revenge trading which digs deeper and deeper hole,
[15:18] {Threei} instead of falling into that trap, we retreated, re-grouped
[15:18] {fernp} trying 21 break on FAZ
[15:18] {Threei} and fought all the way back in a disciplined calm fashion.
[15:18] {fernp} stop under .90 small shares
[15:19] {Threei} This skill in and of itself costs a lot
[15:19] {Threei} if we practiced in it today and succeeded - fine
[15:19] {fernp} 1:1
[15:19] {Les} sure agreed
[15:19] {Threei} and now fern proceeds to make money, which is totally disgusting
[15:19] {Les} I have an appreciation for potentials of daytrading, if not yet to enjoy lucrative salary entitlements and perks
[15:20] {dino} gj fern
[15:20] {patience} what perks
[15:20] {fernp} ty
[15:20] {dino} ok larisa your break of 10k in swight
[15:20] {dino} sight
[15:20] {Les} why, : working with you patience :)
[15:21] {Les} This self deprecating style of work communication is most enjoyable
[15:22] {larisa} i told you dino 4 days ago we will break it :)
[15:22] {dino} you may be right
[15:22] {larisa} today for sure!! :)
[15:22] {larisa} lol
[15:22] {patience} ok, les, we'll let yo on the island :)
[15:23] {patience} you should have heard vad when he moved here
[15:23] {patience} he didn't want anymore to be allowed to move here
[15:23] {Les} anyone?
[15:23] {Threei} he'd have to go through nemo who doesn't let too many to make the shore
[15:24] {fernp} Good evening everybody. See you all tomorrow
[15:24] {dino} cya fern
[15:24] {Les} ciao fern. c u
[15:24] {Threei} but that's true... I was (and am) like "I am here, drwa the bridge!"
[15:24] {Threei} take care ferrn
[15:24] {Les} what's housing prices on your island?
[15:25] {Threei} second worst in the country
[15:25] {Threei} worst as in unaffordable
[15:25] {larisa} only daytraders can afford it :)
[15:25] {Les} typical or average price you can quote?
[15:25] {patience} prices still keep going up and demand keeps strong
[15:26] {Les} can't be worse than what we are living in now
[15:26] {Les} oh you canadians might have bubble to burst in real estate if I remember correctly
[15:26] {Threei} The average price for single family homes sold in Greater Victoria last month was $644,678 down from $651,316 in December.
[15:27] {Threei} The median price of single family homes sold rose to $595,000. The six-month average was $615,271.
[15:28] {Les} here 100 square metres (300ft) - $650'000+
[15:28] {larisa} wha interest you are paying on your mortgage in Canadaa these days, same as US?
[15:28] {Threei} I don't know US numbers
[15:28] {larisa} atound 5-6%
[15:28] {Threei} 5 years fixed is around 5.5% I think
[15:28] {patience} i just got 4.05 for 5 years
[15:29] {dino} les, 300 sq ft? you mean thousand right?
[15:29] {larisa} 300 sq meters
[15:29] {Les} we're talking about Europe man. 100 square metres
[15:30] {dino} 900 sq ft?
[15:30] {larisa} oh I see
[15:30] {Les} 300 square feet
[15:30] {Les} apartment
[15:30] {dino} thats smaller than my bedroom
[15:30] {Les} 200 square metre houses - 1 million +
[15:31] {Les} welcome to switzerland
[15:31] {dino} i'm in 2500sq ft house, about $350k
[15:31] {larisa} 100 sq meters = 1076 sq feet dino
[15:31] {Les} 800 sq. metres. wow
[15:31] {Les} does it?
[15:32] {Les} crap I can never remember conversion
[15:32] {Threei} lol
[15:32] {larisa} dino's house is 232 sq meters
[15:32] {dino} w/7 acres
[15:33] {larisa} nice :)
[15:33] {Les} larisa is right
[15:33] {dino} lucky
[15:34] {larisa} i had 3 acres, overlandscaped :) moved to half an acre and very happy :)
[15:34] {dino} understand i only mow 2 acres
[15:35] {Les} of course. 1 metre is 3.28. so 3.28 x 3.28 x 100
[15:35] {Threei} USGS reports earthquake offshore of Northern California; initial report is 6.0 magnitude
[15:35] {Threei} - USGS says no tsunami warning to be issued.
[15:35] {Threei} - Occurred 50 miles/80 Km southwest of Eureka,
[15:39] {Threei} 83% Blame Deficit on Politicians Unwillingness To Cut Spending
[15:44] {Les} CAT b/d?
[15:45] {Threei} can't tell
[15:45] {Threei} late bounce is just as possible
[15:45] {Threei} nothing rally-like, but vould be just enough to ruin short
[15:46] {Les} y
[15:46] {Threei} although my heart is still on downside
[15:46] {Threei} and bad job numbers tomorrow
[15:47] {Threei} which is likelt to send market down screaming, with strong bounce later in the day
[15:48] {dino} fsys gap- fill from nov.
[15:51] {dino} going to be one heck of a bad annual revision, expecting additional 800,000 to 1,000,000
[15:51] {Threei} no kidding
[15:51] {Threei} they dumpened effect though by pre-announcing it in a way
[15:52] {dino} and yet they still push heathcare, when nobody will have job to buy it
[15:52] {Threei} insignificsnt details
[15:52] {Les} what they give revised figures for last year tomorrow?
[15:53] {Threei} sounds like that Les
[15:53] {Threei} and forrecast looks far from rosey
[15:53] {dino} yes
[15:53] {Les} its disgusting to say
[15:53] {Les} but as trader I'm interested to see what happens
[15:53] {Threei} why disgusting
[15:54] {Threei} as fact of life it already happened
[15:54] {Les} well I didn't want to say that I am actually looking forward to market dropping like a bomb
[15:54] {Les} sounds inhumane
[15:54] {Threei} how you as a trader react is no different from how anyone in an y profession reacts - trying to adjust and find their place in it
[15:55] {larisa} they will surprise and say no unemployed :) DOW will open at 11K ..
[15:55] {Threei} haha
[15:55] {Les} lol why not?
[15:55] {Threei} also, there is no negative or positive connotation to market direction... it's misguided mindset
[15:55] {dino} get out your 9k hats
[15:55] {Threei} both are necessary
[15:55] {Les} true
[15:57] {Threei} as already quoted by me Master and Margarita says "yuo would rip out all the trees on Earth in your idiotic strive to eliminate shadows"
[15:57] {Les} wfc might bounce here
[15:57] {Les} don't know this quote
[15:58] {Threei} was a retort to someone who expressed his hatred to evil
[15:59] {billyc} gn all thank you
[15:59] {Threei} take care billy
[15:59] {Les} ciao billy
[15:59] {Threei} 6 [oints left
[15:59] {Threei} 4
[15:59] {Threei} 10K
[15:59] {Threei} broken
[15:59] {Threei} wtg Larisa
[16:00] {larisa} lol
[16:00] {Les} nice round number 9'999. night all
[16:00] {Threei} thank you all
[16:00] {larisa} bye
[16:00] {Threei} have a good evening, see you tomorrow
[16:01] {dino} dji -7.8%; ndx -8%; s/p -7.8% since highs 1/19/10