Friday, February 19, 2010

Feb 19 2010

Day started with very nice WFC long - and then turned into stopfest, with three plays in row getting topped out after almost hitting profit target. It took careful and patient trading to take the day back to even, and then finally to profit by spectacular long entry on VXX shakeout - check out this trade at 13:59, comments starting with "better try to get in on pullback." All in all, teeth-pulling kind of day but two-week long winning streak remains uninterrupted.

Session Time: Fri Feb 19 00:00:00 2010

[08:14] {Threei} (US) Preview: Jan Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am E
[08:14] {Threei} ***Consensus expectations
[08:14] {Threei} - Consumer Price Index m/m: 0.3%e vs 0.1% last. (range of estimates 0.0% to +0.6% )
[08:14] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.1% last. (range of estimates from 0.0% to +0.2%)
[08:14] {Threei} - CPI NSA: 217.053e v 215.949 last.
[08:14] {Threei} - CPI Y/Y 2.8%e v 2.7% prior; core CPI Y/Y: 1.8%e v 1.8% prior
[08:30] {Threei} *(US) JAN CONSUMER PRICE INDEX M/M: 0.2% V 0.3%E; CPI EX FOOD&ENERGY M/M: -0.1% V 0.1%E; CPI NSA: 216.68 V 217.053E
[08:33] {nemo} didn't move the indexes yet...makes sense, yesterday was the first shot across the bow. One datapoint does not a trend make
[08:34] {Threei} I guess
[08:38] {Les} afternoon gentlemen
[08:39] {ese} good morning
[08:39] {Les} hi ese
[08:39] {ese} hey les
[08:39] {ese} dude
[08:39] {Threei} Les, ese :)
[08:39] {ese} vad
[08:39] {Les} Nemo, HELLO!
[08:39] {Les} :)
[08:40] {Les} been watching FSLR since 116.50 b/o setup after 8 am. made a buck easy
[08:41] {Les} took a hit after decent earnings release
[08:42] {nemo} Hi Les
[08:43] {Les} if I tell you to belt up Nemo...
[08:43] {Les} know that it is in good humour
[08:43] {Les} my wife has me licked
[08:43] {Les} the kids don't listen to me
[08:43] {Les} so I seek to assert authority on virtual colleagues now
[08:44] {Les} but always in good humour :)
[08:45] {Les} rain finally melting snow away here
[08:46] {nemo} that interest rate rise is having minimal effect so far except on gold and the $, haven't seen oil yet
[08:48] {Threei} slightly down
[08:48] {Threei} nothing groundshaking
[08:50] {Les} reading commentary that remarks "forget Bernanke now, watch China's central bank"
[08:50] {Threei} (US) PIMCO's Bill Gross: Discount rate increase is a slight signal; other rate changes not due for at least 6 months - CNBC
[08:50] {Threei} - Favors "steepening, steepening, steepening" of US yield curve with Fed set to maintain existing policy for forseeable future, notes the spread bewtween the long bond yield and short end may be as steep as it will get but expects it to stay here for some time
[08:50] {Threei} - Does not expect the Fed to move on the discout rate anytime soon, move was likely to appease the hawks on FOMC.
[08:52] {Threei} - Says timing of discount rate move yesterday was a bit surprising even though it was telegraphed.
[08:52] {Les} Wasn't premature rate rises responsible for 2nd leg down in Great Depression?
[08:53] {Threei} depends on who you ask
[08:53] {Threei} they still can't aree on what actually worked and what didn't to end it
[08:54] {Threei} oil is almost back to breakeven nemo
[08:54] {Les} hmm. so Bernanke has hands tied -$100B treasury sale next week apparently - or trying to please some critics
[08:54] {Les} whatever
[08:54] {Threei} whatever is right
[08:55] {Threei} you are looking for sensible action by a man who said housing crisi was about over - in 2005
[08:55] {Les} hah
[08:55] {Les} seems to be driving gold all over the place
[08:56] {Threei} CSIQ margings decreased for 2010
[08:56] {Threei} now, tell me someone... why did we bpther to cover AMLN yesterday just before closer?
[08:57] {Threei} good 50 cents below our short entry
[08:57] {nemo} had a big spike first on short covers
[08:57] {Les} nice. wanted to ask you that but preferred cash up front.
[08:59] {Threei} I'd coiver it anyway... just fooling around
06[08:59] * nemo slaps Threei around a bit with a large trout
[09:00] {fernp} Good morning everybody
[09:01] {Les} hi fern
[09:01] {Threei} fern :)
[09:01] {nemo} any news on mos
[09:02] {Threei} (IN) Canpotex concludes new Q2 supply contract to India covering shipments through June 2010
[09:02] {Threei} - Canpotex's Q2 supply contract to India covering shipments through June 2010 at a contract price of $370.00/MT CFR.
[09:02] {Threei} - This new contract, totalling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.
[09:02] {Threei} - Agrium supplies Canpotex with 9.28% of its potash product, Mosaic 37.11%, and PotashCorp 53.61%.
[09:02] {Threei} - Canpotex is a marketing firm used by three Canadian fertilizer industry members (POT, AGU, and MOS) to negotiate contracts overseas.
[09:04] {Threei} Obama to Rename Iraq Military Mission
[09:04] {nemo} wow...a new name
[09:04] {Threei} oh good, new name is long due, and will materially change everything
[09:05] {Threei} March crude trades back to levels seen before the Discount rate hike above $79 (related USO GLD )
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:17] {nemo} more obscene profits today dino?
[09:17] {dino} one can only hope
[09:18] {i2romantis} morning all
[09:18] {Threei} i2r :)
[09:19] {dino} fsys
[09:19] {dino} slb
[09:20] {dino} apol
[09:20] {dino} esi, etc watch ed's
[09:20] {dino} solar too
[09:20] {Threei} see CSIQ dino?
[09:21] {larisa} gm everybody :)
[09:21] {dino} solar, yes
[09:21] {Threei} larisa :)
[09:21] {ese} just lookin at that dn 2 and change
[09:21] {dino} uthr, somebody new a couple days ago
[09:21] {ese} csiq that is
[09:21] {i2romantis} Dell as well
[09:22] {ese} ya dino....noticed ceco and coco making a move the last couple of days
[09:23] {dino} esi support around 93
[09:23] {Threei} I don't have clear opening plays so far
[09:23] {Threei} this after hours little turmoil and cosequent bounce messed things up a bit
[09:23] {ese} actually ceco made a big move bet is it will pause today
[09:23] {Threei} will wait out a few min after open to see ranges forming
[09:24] {dino} hmmm uthr was approved by us fda in july, seems to be euporean data issue
[09:25] {ese} how did you make out with orly yesterday after i left
[09:25] {dino} wow spam w/cheese
[09:25] {lasertrev} gm
[09:25] {Threei} trev :)
[09:25] {ese} huh
[09:26] {dino} just on cnbc
[09:26] {ese} is that what mags has for breakfast in the morning ....spamw/cheese
[09:27] {ese} thats a shock to the system if i ever heard of one
[09:28] {_jfjf64} mornin all
[09:28] {Threei} jf :)
[09:28] {ese} jf
[09:28] {strider} good morning, everyone.
[09:28] {Threei} strider :)
[09:29] {nemo} ?
[09:29] {dino} watch gaps imo, ndx 1779, s/p 1075
[09:31] {_jfjf64} ty dino
[09:32] {ese} st
[09:32] {dino} ?
[09:32] {nemo} apol down 10%
[09:32] {Threei} CSIQ, let's see if we can find short entry into bounce
[09:33] {Threei} {CSIQ} as if I ever wanted to bounce
[09:34] {Threei} Long Setup: WFC .15 break
[09:34] {Threei} if holding above .05
[09:35] {Threei} 1:1
[09:35] {_jfjf64} ty
[09:36] {Threei} yw
[09:36] {dino} out wfc .30, ty vad
[09:36] {dino} +.15
[09:36] {Threei} :)
[09:36] {_jfjf64} go baby gobaby go
[09:37] {Threei} you remember the routine, right jf?
[09:38] {_jfjf64} ??
[09:38] {Threei} if you are afer more than scalp, partial out around 1:1, trail stop to b/e
[09:39] {ese} L amtd .01
[09:39] {_jfjf64} yup ty
[09:40] {ese} out amtd .10 +.09
[09:40] {Threei} just making sure your Roman Holiday didn't eliminate trading skills altogether {G}
[09:40] {dino} gj
[09:41] {Les} AMLN vad?
[09:42] {_jfjf64} intu .80 break
[09:42] {nemo} big stop
[09:42] {Threei} AMLN if anything is short
[09:43] {Threei} no clear play
[09:43] {Les} ty
[09:43] {Threei} (US) Preview: Q4 Mortgage Delinquencies due out at 10:00ET
[09:43] {Threei} ***no analyst expectations for the Q4 number. In Q3 the delinquency rate rose to 9.64%, the seventh straight rise.
[09:43] {Threei} - with the release of the Q3 data in November, the MBA noted
[09:43] {Threei} they expect unemployment to keeping rising into the first quarter of 2010, which means we will most likely see even higher rates of delinquencies and foreclosures.
[09:45] {dino} uthr sm l .25
[09:46] {dino} stop lod
[09:47] {dino} fsys raises and drops
[09:49] {Les} WFC .15 b/d?
[09:49] {Les} or perhaps .13?
[09:49] {Threei} nsh
[09:49] {ese} L cy .12
[09:49] {Threei} Short Setup: CSIQ .75 break
[09:49] {Threei} half lot
[09:50] {Threei} if stays under .90
[09:50] {nemo} long if breaks .90?
[09:51] {Threei} not by me
[09:51] {nemo} and stays above .80?
[09:51] {ese} out cy .12 -.01....momo stopped
[09:52] {Les} ty dino out uthr +.36
[09:52] {dino} out uthr .86, +.61
[09:54] {Threei} 1 cent shy of 1:1??
[09:54] {Threei} oh well
[09:54] {nemo} yeah, stopped out at .80
[09:55] {dino} gj les
[09:56] {ese} L apol .15
[09:57] {ese} stop.00
[09:57] {billyc} gm all
[09:58] {Threei} billy :)
[09:58] {ese} stopped .99 -.16
[09:58] {ese} thought sure it was gonna keep goin after breaking the highs
[09:58] {Threei} ugh
[09:59] {Threei} XNPT got away, broke .90 while I was stiill thinking whether it was sworthy alert
[10:00] {Threei} *(US) Q4 MORTGAGE DELINQUENCIES: 9.47% V 9.64% PRIOR
[10:02] {ese} was just looking at xnpt vad
[10:02] {ese} gotta be some potential there
[10:02] {ese} short covering for sure
[10:02] {ese} bounce of .90 maybe
[10:03] {Threei} worth try near .90
[10:03] {Threei} Short Setup: PRU .20 half lot
[10:04] {Threei} Mortgages in foreclosure at 4.58% v 4.47% q/q
[10:04] {Threei} - percentage of loans on which foreclosure actions were started at 1.20% v 1.42% q/q
[10:04] {Threei} - Mortgage Bankers Association: 15% of US mortgages were in foreclosure or delinquency (remains a record); with loans 90 days past due arecord
[10:05] {Threei} stop above .30
[10:06] {Threei} Short Setup: HIS .80 break
[10:06] {ese} l sm xnpt 500shs
[10:07] {Threei} srop above .85
[10:07] {ese} .05
[10:07] {strider} HIS?
[10:07] {larisa} HIG you mean?
[10:07] {Threei} grr
[10:07] {Threei} HIG
[10:08] {larisa} these 2 letters are not even next to each other :)
[10:09] {nemo} stopped
[10:09] {Threei} no worky
[10:09] {fernp} stopped
[10:10] {strider} what , PRU?
[10:10] {nemo} yeah, broke .30
[10:10] {strider} was half lot, I'm using higher stop.
[10:11] {nemo} see that green bar that started above the red, if you get a pullback to .25 and it starts back up...get out
[10:11] {fernp} PRU stopped
[10:12] {Threei} DNDN Hearing renewed takeover chatter circulating
[10:12] {Threei} - AZN rumored as a potential acquirer
[10:14] {dino} tlvt
[10:15] {Threei} RIMM Motorola alleges smartphones are infringing patents
[10:16] {strider} stopppede HIG
[10:16] {ese} csiq ...would have been a nice one at 21.13
[10:17] {nemo} market die?
[10:20] {fernp} LVS, Vad? .25 breakout?
[10:21] {_jfjf64} watchin also
[10:21] {ese} L schw .52
[10:21] {Threei} I think so fern
[10:21] {fernp} ty
[10:22] {Threei} weould be nice if held .20
[10:22] {Threei} if drops closer to the next support around .15, I'd rather seek aggressive entry
[10:23] {gen} HAL looks good
[10:23] {Threei} .80 break?
[10:23] {nemo} vwap .16 on lvs,
[10:23] {Threei} and welcome back, gen
[10:24] {gen} ☺
[10:24] {strider} did you bring the tonic with you?
[10:25] {Les} out esi +.29 ty for your list dino
[10:25] {ese} GENNNNNNNNNN
[10:25] {ese} !!!!!!!!!!!!!
[10:25] {dino} gj
[10:26] {dino} tlvt sm l .75
[10:27] {dino} stop .47
[10:30] {ese} 1/2 out schw .56 +.04
[10:31] {dino} gj
[10:32] {ese} ceco on the move again dino
[10:32] {ese} anyone catch it around 21.70
[10:33] {ese} sorry 25.70
[10:33] {dino} swm sm l .no
[10:33] {dino} opps, not in swm, no to ceco
[10:33] {dino} watching swim
[10:34] {Les} WCG
[10:35] {gen} UTHR
[10:35] {_jfjf64} arun .30 break
[10:35] {dino} wcg want zip into hi 25s
[10:36] {Threei} not finding much today
[10:37] {dino} watch these 3i, fsys, wcg, swm, tlvt, orly, cab
[10:37] {Threei} well... those are your style
[10:37] {dino} we missed clw
[10:38] {Threei} except maybe WCG
[10:38] {dino} fsys want double bottom area
[10:38] {dino} wcg feels like games to 25s
[10:40] {Threei} I'd take half lot on .40 break
[10:40] {Threei} if holding .30
[10:41] {dino} wcg?
[10:41] {Threei} yeah
[10:41] {dino} ok
[10:41] {Threei} not holding anywaty, moot point
[10:41] {dino} i want 25.80s
[10:41] {dino} swm higher lows
[10:42] {dino} .48, then. 60, ow .64
[10:43] {nemo} .19 is pivot support for wcg
[10:45] {dino} .75 sm l fsys
[10:45] {gen} AET
[10:46] {nemo} new high spy
[10:46] {nemo} and qs
[10:46] {Threei} Short Setup: VXX .60 break
[10:48] {fernp} stop above .70, no?
[10:48] {dino} ugh swm
[10:48] {Threei} yes
[10:50] {Threei} today seems to be the day for .8:1
[10:51] {Threei} noticed how many of them reverse just couple cents shy of 1:1?
[10:52] {dino} out tlvt .44, +.69
[10:52] {Threei} wtg
[10:52] {dino} ty
[10:52] {Threei} this is your day dino
[10:52] {nemo} obscene
[10:52] {Threei} I'll shy away
[10:52] {Threei} first WFC trade was all I could squeeze out of myself
[10:52] {dino} chaos is my ty;e, those gap up and stasy opens kill me
[10:53] {dino} typos
[10:53] {dino} vxx may work, if we go green
[10:54] {nemo} where are the strikes on the spy and qs?
[10:54] {Les} spy 110
[10:54] {dino} dk nemo, just seems the play 5s and 0s w/lots of stocks
[10:55] {Les} q's 45
[10:55] {nemo} my point, if we're in the area where the majority of options expire worthless, we ain't gonna' move much
[10:55] {dino} 5 and 0, hmm
[10:55] {nemo} see if tvlt holds .90
[10:55] {nemo} tlvt
[10:55] {dino} yeah, imo, most are done by open tho, usually {5 days and in
[10:56] {dino} by open on exp
[10:57] {Les} max pain for spy and q's
[10:57] {gen} UNG short
[10:58] {dino} there is a site for max pain
[10:58] {ese} L xnpt avg price .10
[10:59] {Les}
[11:00] {nemo} how fitting Les came up with that
[11:01] {Les} hmm
[11:01] {Les} couldn't find the max-pain-in-the-butt-with-nemo site :)
[11:01] {Threei} UNG way too narrow gen
[11:01] {nemo} nice
[11:02] {nemo} touche
[11:03] {Threei} very nice on XNPT esew
[11:03] {Les} dino, APOL at 57. A double bottom?
[11:04] {Les} stupid me. course not
[11:04] {Les} bounce
[11:04] {dino} dk, db looks like 54s
[11:04] {dino} 55s
[11:05] {Threei} ITC rules that US companies have been negatively impact by China drill pipe (related X NOV )
[11:05] {dino} and i have been negatively impacted by high taxes
[11:06] {Les} you mean you will be...
[11:06] {Threei} I also hate high-flying CDN
[11:07] {Les} APOL .05 b/d Vad?
[11:07] {strider} out VXX +.03
[11:08] {Threei} I think so Les
[11:08] {Threei} but make a wind correction on me being wrong today more often than not
[11:08] {Les} gotcha
[11:09] {ese} out xnpt .36 +.26 2.5k
[11:09] {Threei} wtg
[11:09] {Threei} ffffff
[11:09] {Threei} ffffff
[11:09] {Threei} ffffffinallly VXX
[11:09] {nemo} there goes vxxx
[11:09] {ese} worked out well.......just trying to make dino proud of me
[11:09] {Les} that's almost equally obscene ese
[11:10] {Threei} OK... that would 2 out of 5 for today for me
[11:10] {ese} out schw remainder .57 +.05
[11:10] {fernp} ty Vad
[11:11] {Threei} all I need is 3-4 more wins, to keep 2 weeks long winning streak uninterrupted
[11:11] {dino} wtg es
[11:11] {Threei} or I can settle for Beattles version
[11:12] {dino} vxx vad, target?
[11:13] {Threei} under .40 to play it safe
[11:13] {Threei} getting a bit extreme
[11:13] {dino} ok, bstop ast .47
[11:13] {dino} at
[11:13] {dino} ty btw
[11:13] {Threei} of course it always can become even extremer so to speak, but I prefer to paly it on safe side today, I am not in the best shape obviously
[11:13] {dino} trying to assimulate your early mornings w/my later day
[11:14] {Threei} welcome sir
[11:14] {dino} have to step it up a bit, r.e. buys
[11:14] {gen} HAL works well
[11:15] {Threei} under .40 VXX
[11:15] {dino} to .40
[11:15] {nemo} I think we're going to have a helluva rally
[11:15] {Threei} as far as I am concerned, play is over
[11:15] {dino} to .30
[11:15] {dino} cov .30, +.30 ty vad
[11:15] {Les} what do you mean?
[11:15] {Les} play is over
[11:15] {Threei} welcome dino
[11:15] {nemo} he's out les
[11:15] {Threei} mean, time to close position
[11:15] {strider} Guess what? Tiger is sorry.
[11:16] {Les} you refering to vxx still?
[11:16] {Threei} all tigers usually are... after dinner
[11:16] {strider} Nobody loves a sinner.......but everyone loves a repentant sinner.
[11:16] {Threei} yes Les
[11:16] {dino} bingo strider
[11:16] {Les} repentance. yes, let's see some tears on screen
[11:16] {Threei} I don't know about first part strider
[11:16] {dino} misery luvs company
[11:16] {Threei} in my sinning days amny seemed to love me
[11:17] {Threei} many
[11:17] {dino} "live in sin, come on in" king
[11:17] {Threei} good one dino... I was trying to remember what it reminded me, you helped :)
[11:18] {dino} tiger's new logo
[11:18] {Les} half out APOL +.14
[11:18] {Threei} Tiger Woods apologies for his actions; says he will go back to treatment tomorrow; will not rule out returning to golf this year (related NKE ERTS )
[11:19] {Les} treatment :)
[11:19] {Les} oh yeh I can see relaxing massages, spa therapy, blond shrink in mini skirt...
[11:19] {Les} stop me now
06[11:20] * nemo slaps Les around a bit with a large large splitting axe
[11:20] {Threei} good one on APOL
[11:20] {Les} there, you are back in form again Nemo
[11:20] {Les} starting to get worried by lack of fish slappings in recent days
[11:21] {dino} gj les
[11:21] {Threei} and yes, I don't believe in notion of sex addiction as a sickness
[11:21] {Threei} total hogwash
[11:21] {dino} nor i
[11:21] {Les} I'm willing to
[11:21] {dino} whatever happened to accepting responsibility.
[11:22] {Les} all out .80 +.25
[11:22] {dino} and, really thinking about tiger, so is not our concern if he wants to fool around
[11:22] {Threei} it got buried in the grave next to its brother Commin Sense
[11:23] {Les} it is your concern dino, this is america we're talking about
[11:23] {Les}
[11:24] {nemo} triple digit green today?
[11:24] {dino} lol
[11:24] {nemo} I'm not kidding
[11:24] {dino} lol was to les
[11:24] {nemo} that would be the most unexpected after Bernanke
[11:24] {Threei} nemo, I think yes but I have to continue saying triple red
[11:24] {dino} triple? best guess flounder between hi and low today
06[11:25] * nemo slaps Threei around a bit with a large broken record
[11:25] {Les} yeh well Asia falling like that made it to convenient
[11:25] {nemo} They absorbed it
[11:28] {Threei} 73% Agree That Washington Is Broken
[11:30] {gen} ZION never stops
[11:30] {nemo} or x
[11:30] {Threei} neither do zionists
[11:31] {Les} WCG .05 b/d Vad?
[11:31] {Threei} not until martix is destroyed
[11:31] {Threei} probably Les... but keep it half lot
[11:32] {fernp} MMM, Vad? .40 b/o?
[11:32] {Threei} scary one fern
[11:32] {fernp} lol, ok
[11:33] {Threei} can drop 20 cents in a blink of eye if rug is pulled
[11:33] {fernp} true
[11:39] {dino} sidetracked here, back in a few
[11:39] {nemo} so, is that a bull flag on the spy?
[11:41] {nemo} wow ree
[11:41] {nemo} cree
[11:42] {gen} AOL
[11:43] {gen} X
[11:46] {ese} Pro D day at my school see ya monday........
[11:48] {Threei} take care ese
[11:48] {fernp} bye ese
[11:57] {gregns} .
[11:59] {nemo} next leg
[11:59] {Les} l apol .21
[12:02] {Threei} I'll abandon VXX short as the way to play market long from now on
[12:02] {Threei} it will be good long on market reversal, but not the other way around anymore
[12:10] {dino} wcg sm ; .00
[12:10] {dino} ave
[12:10] {dino} long
[12:10] {nemo} $ been slowly falling all morning
[12:12] {Les} missed 1:1. out flat apol
[12:13] {dino} you're liking the movers, huh les
[12:14] {Les} yeh but got daughter's cartoon on other screen competing for attention. will give up while I'm ahead
[12:19] {fernp} QGEN, any read Vad?
[12:20] {Threei} I like it for .60 break
[12:20] {Threei} don't expect much from it
[12:20] {Threei} but looks good for a scalp
[12:20] {fernp} five cents?
[12:20] {fernp} ok ty
[12:20] {Threei} maybe 10 if market picks up and makes new highs
[12:21] {dino} wow clw
[12:22] {nemo} not your kind of stock only .06 spread
[12:24] {nemo} amzn dropping
[12:25] {nemo} bounce area
[12:25] {nemo} 200 at .05
[12:25] {nemo} open at .85
[12:32] {Threei} yawn
[12:32] {nemo} lunch time
[12:32] {fernp} CSE good volume
[12:39] {i2romantis} yawn x 2
[12:47] {Threei} wow... that's some serious paralysis
[12:47] {nemo} not for x
[12:48] {larisa} was thinking the same :)
[12:48] {Threei} you two
[12:48] {nemo} about paralysis or X :)
[12:48] {Threei} found one sinjgle moving stock in the whole 3 ewxchanges
[12:48] {larisa} X
[12:48] {Threei} and threw it in my face
[12:48] {nemo} stuck your chin out
[12:49] {nemo} rimm resistance at .65
[12:54] {dino} wow i killed the movement in wcg
[12:54] {nemo} you went in at lunch
[12:55] {dino} yes, but still
[12:55] {nemo} Oh...I get it...Biiiiig Dino thinks he's the reason the stock stopped,
[12:55] {nemo} amzn sudden drop
[12:56] {nemo} well...rimm has to make a decision soon
[12:58] {Threei} BRK.B moves too
[12:58] {Threei} there... found second one
[12:58] {nemo} cree
[13:00] {Threei} (CA) Senior Canadian official: Canada to oppose G20 plans to put a global bank tax in place; not opposed to bank tax in other countries, but will not impose one in Canada (related USD/CAD )
[13:00] {Threei} I am proud
[13:01] {larisa} then it would not be global, right ? :)
[13:01] {dino} i am moving to canada
[13:01] {Threei} Canada is saying "we want another globe" Larisa
[13:02] {Threei} Market Internals update at 12:00pmET
[13:02] {Threei} - NYSE volume 515M shares, about 19% above its three-month average; advancers lead decliners by 1.4:1.
[13:02] {Threei} - NASDAQ volume 925M shares, about 1% below its three-month average; advancers lead decliners by 1.1:1.
[13:02] {Threei} - VIX index -2% to just over 20.00
[13:02] {Threei} - Note: Today is options expiration
[13:02] {Threei} VIC is getting extreme again
[13:02] {Threei} VIX
[13:03] {Threei} ECB's Wellink: Basell II needs changes; the urgency for financial reform has ebbed but it is still necessary
[13:03] {Threei} heh
[13:04] {Threei} Long Setup: VXX .25 break
[13:05] {dino} these guys are idiots, if the regulators enforced the rules they would not have had the problem
[13:05] {dino} thery just don't get it
[13:05] {nemo} yeah, but by passing new ones they look like they're doing something
[13:05] {nemo} and then don't have to
[13:06] {fernp} stop under .20, no?
[13:06] {dino} the contrarian in me says we have too many rules already
[13:06] {dino} just let the failures, fail
[13:06] {nemo} I'm with you Dino, rules are talk and that's what bureaucrats and politicians do best
[13:06] {dino} agreed
[13:07] {Threei} I'd keep it under day's low
[13:07] {dino} they say these new rules, but fnm, fre have gone back to almost zero down again....uhhhhh
[13:07] {fernp} ok .17 stop
[13:09] {nemo} you can do a .175 cover :)
[13:13] {nemo} $ dropping
[13:14] {Threei} should jump over .30
[13:21] {fernp} out here, ty Vad, lunchtime
[13:21] {fernp} .32
[13:21] {strider} lunchtime????
[13:22] {Threei} :)
[13:23] {strider} he must have a date with a rosebush.
[13:24] {Threei} here we go
[13:24] {Threei} 1:1
[13:25] {Threei} 3 for 6, even for the day
[13:27] {_jfjf64} you movin stop up vad
[13:28] {Threei} just took scalp jf
[13:28] {Threei} it's like pulling teeth today
[13:28] {_jfjf64} ty me too lol
[13:28] {Threei} don't want to get stuck
[13:29] {Les} csiq 21 break?
[13:30] {Les} l csiq .01
[13:33] {Threei} can't make up my mind on it Les
[13:33] {Les} neither can csiq
[13:34] {Threei} larisa, close your eyes for a second
[13:34] {Threei} guess who is on TV!
[13:34] {nemo} Catherine McCormack
[13:37] {Les} I saw a pretty woman today in UK film awards, damn can't remember her name
[13:37] {nemo} oh
[13:37] {Les} got it
[13:37] {Les} Carey Mulligan
[13:40] {larisa} when brunnete she looks a lot like Katie Holmes
[13:40] {i2romantis} XNPT on the move
[13:41] {Les} enjoyed her in Bleak House - adaption of Dicken's novel
[13:42] {nemo} amzn lod
[13:43] {nemo} not quite but getting there
[13:51] {Les} stopped csiq
[13:56] {Threei} XNPT quite a move
[13:58] {_jfjf64} yup
[13:59] {_jfjf64} vxx .40 break vad
[13:59] {Threei} better try to get in on pullback
[13:59] {Threei} way safer with VXX
[14:00] {Threei} here it comes
[14:00] {_jfjf64} hmm
[14:00] {Threei} take first strength
[14:01] {Threei} .26
[14:01] {Threei} srop under .20
[14:01] {Threei} stop too
[14:02] {Threei} whatever happens, see how muvh safer it is
[14:02] {dino} qnst
[14:02] {Threei} you buy the pause on sharp drop into support
[14:02] {_jfjf64} y
[14:02] {Threei} stop is very tight
[14:02] {dino} nah
[14:02] {Threei} idds are much better
[14:03] {Threei} odds too
[14:03] {Les} I liked idds
[14:03] {Threei} and as it bounces, you get 1:1 and more as it merely approaches that .40 resistance
[14:04] {_jfjf64} promise
[14:07] {_jfjf64} lets go
[14:07] {Threei} {VXX} yes sir
[14:08] {Threei} {VXX} how high sir?
[14:08] {_jfjf64} .40 .40
[14:10] {Les} no i'll take .60 -.80
[14:11] {Threei} 1:1
[14:12] {Les} done ty
[14:12] {Threei} half out for me
[14:12] {Threei} srop to .24
[14:12] {_jfjf64} me tooooooooooooooooo
[14:12] {Threei} will try to milk this one
[14:13] {Threei} perfect plan perfectly executed if I may sat so
[14:13] {_jfjf64} sounds lk plan
[14:13] {Les} that was a textbook drop into support
[14:14] {Threei} and we were right there anrticvipating it and exploiting it
[14:14] {_jfjf64} seems lk i never was gone
[14:14] {Threei} :)
[14:15] {i2romantis} XNPT is still running, nice
[14:15] {Threei} staing on my normal humble message, gotta say, I am proud of how I handled this day
[14:15] {Threei} patiently waiting pout period os stops, filling the hole and getting pout of it
[14:16] {i2romantis} XNPT was a god's gift today
[14:16] {i2romantis} for me
[14:16] {Threei} :)
[14:16] {_jfjf64} yes vodka in left hand mouse in right good job
[14:16] {Threei} eqzaktly
[14:16] {Les} damn it. that's two days in a row the best trade has come during lunch break
[14:17] {Threei} most of satisfaction in this VXX entry comes from fact that we found the way to stay with smart money
[14:18] {Threei} while amaterurs were trying to buy the break and smart money were shakling them out, we got in at the exacr end of that shakeout
[14:18] {dino} gj
[14:19] {Threei} 4 for 7
[14:19] {Threei} back in black
[14:19] {dino} 4/4 w 2 still on
[14:19] {Threei} you are phenomenal today dino
[14:19] {Threei} your day
[14:19] {dino} 2 wins of the 4 were your calls
[14:20] {Threei} good selection, lol
[14:26] {dino} lol checked yesterday, 8 of 12, but wed only 5 of 10
[14:27] {Les} REGN .68 b/o vad?
[14:28] {Les} actually no
[14:29] {Les} running straight into yesterdays low
[14:29] {Les} b/d rather
[14:30] {Threei} I am thoroughly confused, so I'll have to say, I don't see any play in it, either side
[14:31] {Threei} US DOJ files Supreme Court appeal seeking to revive tobacco racketeering case over $280B in payments
[14:31] {Threei} - requests that the Supreme Court uphold the qutting smokg and public education remedies
[14:31] {Les} that's alright, just leave me alone in my little world please
[14:31] {Threei} no problem at all - as long as no one ruins mine
[14:36] {Les} APOL .90 b/d?
[14:36] {i2romantis} XNPT
[14:38] {Threei} can't tell Les
[14:38] {Les} I liked it until it bounced back
[14:40] {i2romantis} There's a rumor on XNPT that seems to be real
[14:40] {nemo} a real rumor or a rumor that's true
[14:40] {nemo} thus not a rumor
[14:40] {nemo} I think I better get a drink
[14:41] {Threei} nothing on the wire
[14:41] {i2romantis} not real until proven not a rumor :)
[14:41] {Threei} if it's on some message board, well... they cook them eright there :)
[14:42] {Les} haha the message board. I learnt well the message board universe playing SPNG
[14:43] {Les} only thing seperating those loonies from me is Vad's wisdom
[14:43] {Threei} wisdom eh
[14:44] {i2romantis} :)
[14:44] {Les} can't think of anything else
06[14:44] * Threei assumes a famous Rodin sculpture position... Thin... Think... hard to even type that... THINKER! there
[14:45] {Les} APOL back to .90. this setup any better?
[14:46] {Threei} a bit, yeah
[14:47] {Threei} not ny much but
[14:47] {Threei} first one was 50/50, this is 51/49
[14:47] {Les} ;) friday night casino. why not...
[14:47] {Threei} if you feel like it
[14:47] {Threei} I worked way too hard to save this day
[14:48] {Threei} don't want to ruin it
[14:51] {i2romantis} That's why it was a god's gift, Vad, for me
[14:51] {i2romantis} when I say that, it means I was a bad boy today, going against the plan
[14:51] {i2romantis} but glad to have saved the day
[14:52] {i2romantis} wondering where XNPT is going to finish today, I'm feeling like I'm spamming here :)
[14:52] {Les} APOL with 6 cent stop now. can't get better than that
[14:52] {Threei} lol, who
[14:52] {Threei} us?
[14:52] {Threei} we are not spammable
[14:53] {strider} GET GREAT DEALS ON VIAGRA NOW!
[14:53] {Les} really. where?
[14:54] {strider} Follow the yellow brick road.
[14:54] {Les} laughed to read that prostitutes in Swiss canton next to Milan learning to use defibrillators
[14:55] {Les} old italian men come from italy where brothels are illegal
[14:55] {Les} sexed up with viagra
[14:55] {nemo} don't want customers coming and going
[14:55] {Threei} well, with aging population and all...
[14:55] {Les} too many have heart attacks while in situ
[14:55] {nemo} great way to go
[15:02] {Threei} ...aaand, guess who is back on TV
[15:02] {Les} Larisa's right
[15:03] {dino} darth vader?
[15:03] {strider} Haile Selassie?
[15:03] {nemo} sophie marceau
[15:03] {Les} Selma Blair
[15:03] {nemo} yech
[15:04] {Threei} about what les?
[15:04] {Les} need a new game
[15:04] {Threei} careful
[15:04] {Threei} larisa gets away with a lot of things you won't
[15:05] {Les} crap. Larisa's not here to back me up.
[15:05] {Les} ok. I take it back
[15:05] {Threei} you better - especially considering that you offer your gusses
[15:06] {Les} I'm pretty desperate for names. gotta check DVD's scattered around living room for names
[15:06] {Les} don't know the tv soapie stars
[15:07] {Les} crap. apol broke while I was blathering
[15:07] {Les} 1:1
[15:07] {i2romantis} done for the day, lots of sun outside, gotta go enjoy Olympics
[15:07] {i2romantis} cheers to everyone and see you next week
[15:07] {Les} ciao
[15:08] {dino} cya i2r
[15:08] {fernp} bye i2r
[15:09] {dino} the guy tlks and the mkt drops
[15:10] {Threei} take care i2r
[15:10] {Threei} enjoy the weekend, weather is fantastic
[15:35] {Threei} SEC reportedly considering certain restrictions on stocks assuming they decline by a defined percent - unconfirmed report
[15:35] {Threei} - SEC evaluating additional short sale restrictions
[15:35] {Threei} imbeciles
[15:35] {nemo} they know it's coming
[15:36] {Les} how long did you suffer that in 2008?
[15:36] {Les} no shorting
[15:37] {dino} two months i think
[15:37] {nemo} on financials
[15:37] {dino} and ironically, the stocks droped like crazy
[15:37] {nemo} not ironically, nobody wanted to buy, could only sell
[15:37] {dino} no shorts=no covering= no buyers on drops
[15:38] {Les} no one could offload their finnie stocks
[15:38] {Les} haha a$$holes
[15:42] {dino} obama goes off tv, mkt up
[15:42] {_jfjf64} joke
[15:48] {Les} covered GG +.13
[15:49] {Les} FSYS just so has to die
[15:49] {dino} would like out flat
[15:50] {dino} wcg working
[15:50] {Les} ditto
[15:52] {Threei} okay guys, let's call it a day
[15:52] {nemo} c u later
[15:52] {Threei} somehow this week was a bit tiring
[15:52] {Les} okay. ty ciao. bon weekend
[15:52] {_jfjf64} good weekend all
[15:52] {Threei} worked out well but took considerable teeth-pulling
[15:52] {Threei} have a great weekend, see you all on Monday
[15:53] {dino} out wcg .26, +.26
[15:54] {dino} out fsys -.15
[15:54] {dino} agreed vad, calling it a week
[15:54] {dino} thx all, some really good ideas, appreciate it
[15:56] {dino} les, keep most on watch list
[15:56] {dino} gn
[15:57] {fernp} have a great weekend everybody. See you all on monday