Friday, March 12, 2010

Mar 12 2010

One more flat day. ZION long worked first thing in the morning, then BBY got stopped, and nice play on IPO AVEO was called as discretionary, for momo traders - worked out nicely but to keep a record clean, I usually do not include those. Finishing 5th week with no losing days, I probably was a bit too careful but then again - very narrow day didn't provide a lot of opportunities anyway.

Session Time: Fri Mar 12 00:00:00 2010

[08:11] {nemo} Where's Les, I wanna' slap him...
[08:12] {Threei} tsk tsk tsk... morning starting with violence...
[08:12] {nemo} Interesting...rimm did not have a good day yesterday and did not partake of the afternoon festivities
[08:12] {nemo} that's not tap
[08:13] {Threei} IATA lowers 2010 airline industry loss forecast to $2.8B from $5.6B prior
[08:13] {Threei} - 2009 loss target lowered to $9.4B v $11B prior
[08:13] {Threei} - 2010 improvements to be driven by growth in Latin America and Asia
[08:13] {Threei} - 2010 Atlantic and Euro markets to remain soft
[08:13] {Threei} - 2010 passenger demand seen +5.6% y/y, yield +2%
[08:13] {Threei} - 2010 cargo demand seen +12% y/y, yield +3.1%
[08:13] {Threei} - 2010 avg fuel price seen at $79bbl v $75bbl prior
[08:13] {Threei} - 2010 sector rev seen at $522B v $478B prior
[08:30] {nemo} what report just hit
[08:30] {Threei} *(US) FEB ADVANCE RETAIL SALES: +.0.3% V -0.2%E; EX AUTOS: +0.8% V +0.1%E
[08:30] {Threei} consumer is back
[08:31] {nemo} I wonder how much of that is gas?
[08:31] {Threei} - Retail Sales Ex Auto&Gas: 0.9% v 0.3%e
[08:31] {Threei} just ask
[08:31] {nemo} Many people have quit paying their mortgages too and are spending that money
[08:32] {nemo} It's amazing...think of those people who basically got the brass ring...They'll get to keep their houses for free
[08:33] {Threei} that'll backfire in the future
[08:33] {Threei} badly
[08:33] {nemo} no it won't...politicians won't allow it, they'd lose their jobs
[08:33] {Threei} it will in a sense of a moral hazard
[08:34] {Threei} if my neighbor can stop patying ad get away with it, why do I pay
[08:34] {nemo} society is a moral hazard...from banking to financing pregnancies leading to multi-generational dependence
[08:34] {Threei} welcome to avalanche
[08:34] {Threei} new wave of delinquiencies
[08:34] {Threei} new problems for barely stabilized finance industry
[08:35] {nemo} nope...government backstop printing presses
[08:35] {Threei} and govt having no choice but somehow resolve it, because it's obviously their doling this time
[08:35] {Threei} so new bailouts
[08:35] {Threei} in the time when masses have no more patience for that
[08:35] {Threei} yeeech
[08:35] {nemo} what
[08:36] {nemo} rimm falling
[08:36] {Threei} can't end well
[08:36] {Threei} RIMM Kaufman removed from Focus List; Maintains Buy rating
[08:37] {nemo} if we have a pullback rimm could fall
[08:37] {nemo} Buenas dias senor fern
[08:37] {Threei} I wonder if UAUA is on the verge of final spike
[08:37] {nemo} kick myself in the ass for missing that fas spike on that report
[08:38] {Threei} FITB new annual high
[08:46] {Threei} (EU) French President Sarkozy: Would not reject the idea of European Monetary Fund (EMF) (related EUR/USD )
[08:57] {fernp} Good morning everybody
[08:57] {Threei} fern :)
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:08] {strider} morning dino. Morning everyone.
[09:08] {dino} :)
[09:08] {Threei} strider :)
[09:08] {strider} Mr. vad.:)
[09:09] {larisa} gm all :)
[09:10] {nemo} lari :)
[09:10] {dino} lots of smiles
[09:10] {larisa} nemo, dino, vad (when he wakes up)
[09:11] {Threei} larisa :)
[09:11] {Threei} we are smiley bunch in the morning, except nemo - he starts his day with violence
[09:11] {Threei} [08:11] {nemo} Where's Les, I wanna' slap him...
[09:11] {Threei} [08:12] {Threei} tsk tsk tsk... morning starting with violence...
[09:13] {nemo} [08:12] {nemo} that's not tap
[09:15] {dino} gm larisa
06[09:15] * nemo slaps Les around a bit with a large trout
[09:15] {Les} haha
[09:15] {Les} beat me to the punch line
[09:16] {Les} afternoon and a good weekend to all
[09:16] {Threei} les :)
[09:16] {Les} I wanna be Mr. Smiley too :)
[09:17] {nemo} old age and treachery beats youth and speed every time, Les
[09:17] {dino} cf
[09:18] {dino} agu, mos, pot
[09:18] {nemo} yeah...potash prices strengthening..pot doubled guidance yesterday
[09:19] {dino} looks like cf gets terra
[09:19] {dino} 92 support?
[09:20] {nemo} on what, cf?
[09:22] {Les} $ taking a hit this morn
[09:24] {dino} yes nemo
[09:25] {jfjf64} mornin
[09:25] {Les} IMAX loitering just below 16 with some vol coming in
[09:26] {Threei} jf :)
[09:26] {lasertrev} good morning
[09:26] {Threei} trev L(
[09:26] {nemo} 93 area looks pretty strong to me down to 92.60 or so
[09:27] {Les} sorry, my idiotic chart has frozen. IMAX last above 16
[09:29] {jfjf64} anythin on radar vad
[09:30] {Threei} UAUA
[09:31] {Threei} want to try long on pullback
[09:32] {nemo} system locked
[09:32] {magoo} morn
[09:32] {Threei} mags :)
[09:32] {Les} hey mags
[09:32] {magoo} in any?
[09:32] {dino} you running a toyota nemo, locked
[09:33] {nemo} ha ha ha ...forgot to laugh
[09:33] {Les} seems new meaning has been introduced into english language, concerning toyota
[09:33] {magoo} point dive RIMM
[09:34] {Les} dino, you watching CF today?
[09:34] {Les} cf
[09:34] {magoo} AIG reversed
[09:34] {dino} yes
[09:34] {dino} scanners all red
[09:35] {Threei} Long Setup: FITB .50 break
[09:35] {Threei} if stays above .40
[09:37] {Threei} Long Setup: ZION .65 half lot if stays above .50
[09:37] {nemo} oops
[09:37] {magoo} in Z
[09:39] {Les} scalp taken ty
[09:40] {Threei} AIG all the way back
[09:41] {Les} uaua 200ma
[09:44] {Threei} ZION 1:1
[09:45] {Threei} KOG?
[09:45] {Les} imax
[09:45] {Threei} US) Preview: March Preliminary University of Michigan Confidence Index due out at 09:55ET
[09:45] {Threei} **consensus expectation: 74.0e v 73.6 prior final (estimates range from 71-78)
[09:45] {Threei} US) Preview: Jan Business Inventories due out at 10:00ET
[09:45] {Threei} **consensus expectation: 0.1%e v -0.2% prior
[09:45] {Threei} - estimates range between -0.1% to +0.3%
[09:45] {dino} nsm
[09:48] {Les} chrw .30 b/d?
[09:49] {Threei} no read
[09:49] {fernp} WFC .90 break, Vad?
[09:50] {Threei} most likely, yes
[09:51] {dino} jcg sm l .95
[09:52] {RonS} BBY, if the cons sent no. extends this run, do you chase?
[09:52] {dino} nsm l .45, stop lod
[09:52] {Les} IMAX .40 b/d vad?20 cent stop
[09:52] {Les} forget it
[09:52] {Threei} already did
[09:53] {Threei} Ron... no
[09:54] {Threei} let's try to find pullback
[09:54] {magoo} MGM LVS
[09:54] {Threei} they all soar... look LULU
[09:54] {Threei} but chasing will get you shake out more often than not
[09:54] {Threei} there is a clear support at 40.10, BBY
[09:55] {Threei} with new numbers coming, it's a new round
[09:55] {Threei} look what chasing would have gotten you into
[09:56] {Les} Vad, CL. 84 b/d or .10 b/o. multi directional?
[09:57] {nemo} spy and Qs might be DBing
[09:57] {Threei} could be but half lot only Les
[09:57] {Les} ok
[09:57] {Threei} bulimic
[09:58] {Threei} BBY, .15 break now
[09:58] {Threei} if stays above .05
[09:59] {dino} scok again
[10:00] {nemo} don't think confidence numbers will do anything today
[10:00] {Threei} US) JAN BUSINESS INVENTORIES: 0.0% V 0.1%E
[10:00] {Threei} [AVEO] IPO opens for trade at $8.25
[10:01] {Threei} Aveo Pharmaceuticals Inc
[10:02] {nemo} weird morning
[10:03] {dino} all red
[10:03] {fernp} BBY no go
[10:04] {Threei} AVEO can go ballistic
[10:04] {nemo} all accounts that retail report was "good" news market not liking it now
[10:04] {magoo} we in AVEO?
[10:04] {dino} up 21 of 23 days
[10:08] {Threei} momo players
[10:08] {Threei} watch AVEO for .50 break
[10:09] {magoo} RIMM if holds 75
[10:12] {magoo} rimm vad..around 74.60 area?
[10:12] {jfjf64} zqk
[10:13] {Threei} how do I know while it's near 75?
[10:13] {magoo} no...i meant as a bounce are
[10:13] {Threei} I understand, but I need to see how it gets there, what it does when it's there
[10:14] {magoo} if recrosses 75 im long
[10:14] {nemo} definitely a support area
[10:14] {magoo} nice bounce AIG
[10:14] {Threei} I can sometimes define support if there is something within today's range to indicate it, but it's beyond today's range,
[10:15] {Threei} nor there anything on daily to suggest support there
[10:15] {nemo} remember that REM bounce I call I made in December you took for a buck? That was on month old support
[10:16] {Threei} in Decmebr?
[10:16] {Threei} lol
[10:16] {nemo} What day is today Vad?
[10:16] {Threei} March
[10:16] {Threei} this much I know
[10:16] {nemo} phewww
[10:17] {Threei} and the only thing I remember about December is that there was one
[10:18] {dino} it's xmas
[10:19] {magoo} l rimm here
[10:22] {dino} cf sm l .00
[10:24] {dino} stopped -.31
[10:26] {nemo} Guten Morgen Herrn K
[10:27] {magoo} offering RIMm .20 area
[10:28] {RonS} Is CAT setting up for a run?
[10:29] {Threei} no idea, so far pretty random
[10:29] {magoo} may be .40 area exit
[10:29] {Threei} 10:25] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)
[10:29] {magoo} .80 entry so i got room to run
[10:29] {Threei} lol
[10:29] {Threei} why does it entertain me so much
[10:30] {Threei} who took AVEO, game plan:
[10:30] {magoo} AONE
[10:30] {Threei} offer half .72
[10:31] {Threei} AON Shares have moved out to new session highs following CNBC mention (41.52, +0.20, 0.48%)
[10:32] {Threei} stop to under .50
[10:36] {dino} nav sm l .25
[10:36] {magoo} cf l recross .50 IF
[10:38] {magoo} waiting rimm .47
[10:38] {Les} imax
[10:38] {magoo} in CF .55
[10:40] {magoo} AMLN demolished
[10:40] {magoo} bad news
[10:40] {Threei} AMLN Reportedly FDA posts inspection report citing inappropriate quality controls at Ohio plant (20.12, -1.07, -5.05%)
[10:40] {RonS} dino play...
[10:42] {magoo} wow AMLN bounce
[10:43] {Threei} monster
[10:43] {magoo} say that again
[10:43] {Threei} monster
[10:43] {magoo} :)
[10:44] {Threei} Negatives for Pelosi, Reid, Boehner Hit Record Highs
[10:45] {dino} cf lod
[10:46] {Threei} (EU) EU' Rehn: EU would lose credibility if it let Greece collapse
[10:47] {magoo} stopped
[10:47] {magoo} cf
[10:48] {dino} pll lod
[10:50] {Threei} Long Setup: ZION .25 break if stays above .20
[10:58] {Les} zqk testing resistance at .70
[11:00] {magoo} inzion now
[11:00] {nemo} where at .20?
[11:02] {magoo} whenever i scalp it..rimm launches...when i try for a move...nada
[11:03] {Les} damn. aig reversed at yesterday's closing again
[11:04] {magoo} aig if IF takes ,,50 long
[11:05] {Les} me no. it fell off a cliff under 50/200 ma at 10:45. the stock is wandering in cyberspace wilderness now
[11:06] {Les} no vol, direction etc. was a cash machine monday, now an expensive overdraught :)
[11:07] {Les} zqk popped
[11:08] {fernp} HSY 42 break, Vad?
[11:08] {Threei} most likely, yes
[11:08] {fernp} .95 or .90
[11:08] {Threei} very nice juicy offer to break
[11:09] {Threei} both are vaslid
[11:09] {Threei} valid
[11:09] {fernp} ty
[11:11] {magoo} i may let rimm run...
[11:11] {Threei} (US) CNBC's Liseman: Dodd financial reform bill would limit Fed to supervising banks with $100B+ in assets
[11:11] {Threei} - Compromise would put consumer financial products agency in the Fed.
[11:11] {Threei} - Parties still working on derivatives compromise
[11:13] {Les} Fed can continue to scheme with biggest banks hey - good boy Dodd
[11:13] {Les} Vad, you interested in zqk pullback here?
[11:13] {Threei} not really
[11:14] {Threei} Financial products agency in the Fed? talk about fox and henhouse
[11:14] {Les} well I hope you're here to lead me through the next big crash...
[11:15] {Threei} who says there will be one
[11:15] {Threei} and
[11:15] {Threei} we survived last one very nicely
[11:15] {Threei} having prolonged winning streak in those crazy months
[11:15] {Les} that's what I'm thinking. I can presume human nature to do same stupidity once again at some point in future
[11:16] {Threei} well yeah
[11:16] {Threei} but as far as nearest fture is concerned, I don't buy all these alarming screams about crash coming immediately
[11:16] {Threei} calls for double dip, for retesting of 666
[11:16] {Les} ah no, not what i meant
[11:17] {jfjf64} market breakin
[11:17] {Threei} IMO, not going to happen - not until next bubble develops and bursts
[11:17] {Les} S&L was what? 80's , 90's?
[11:17] {Les} tech bubble 2000
[11:17] {Les} housing 2007
[11:17] {Threei} well, I think they will become more frequent now
[11:17] {Les} voila
[11:17] {Les} was about to say same thing
[11:17] {dino} s&l 80s
[11:18] {Threei} general instability incorporated in the system comes to a head
[11:18] {Les} ok so frequency contracting
[11:18] {Threei} and starts manifesting itself more actively
[11:19] {Threei} unless the system itself goes through serious remodeling, crisis mode will become almost a normal mode soon
[11:19] {Threei} but this "soon" is still not measured in months
[11:19] {Les} hmm. wonder what happens when crisis is normalised in western societies?
[11:20] {Threei} financial system crash on one of the extremes
[11:20] {Threei} it won't be normalized
[11:20] {Threei} it will just become so friequent and so strong that stanility will be lost
[11:20] {Threei} stability
[11:20] {Les} yeh, being a new norm
[11:21] {Les} was thinking social consequences:
[11:21] {Threei} hope for salvation is, enough people realize that the problem is not in bad behaviior of this or that bank or executive
[11:21] {Les}
[11:21] {Threei} and start voting in people who want real reform of the system that produces such behavior
[11:21] {Les} sure
[11:22] {Threei} then the very existence of this ugly conglomerate of Fed and govt comes into question
[11:22] {Threei} fed gets abolished
[11:22] {Threei} central bank becomes public
[11:23] {Threei} conflict of interests between lender and borrower is eliminated,
[11:23] {Threei} spending gets reigned,
[11:23] {Threei} and situation gets a chance to come back to normal
[11:23] {Threei} That's my scenario for a cure
[11:23] {Les} to reach such a moment, will, in the memorable phrase of Dickens, be "Hard Times"
[11:24] {Threei} Amylin Pharmaceuticals Inc Comments on FDA inspection reports, notes it addressed these findings in previous public statements
[11:24] {Threei} - States that it previously said the FDA's observations are addressable.
[11:24] {Threei} don't know... I am no Nostradamus
[11:24] {Threei} things happen quickly
[11:24] {Threei} changes reach magnitude unthikable just a few short years ago
[11:25] {Threei} straw poll among youth republicans a month or so ago showed most popularity for who do you think
[11:25] {Threei} Ron Paul, out of all candidates
[11:26] {Threei} think about it... youth didn't go for more glamorous candidates,
[11:26] {Les} so they aren't stupid
[11:26] {Threei} they were more enamored with one who calls for Fed abolishment
[11:27] {Threei} huge problem is - this is not really segment of life where common sense and people's intuition helps much
[11:27] {Threei} it's jst too complicated and specialized
[11:27] {Threei} hard to expect the layman to understand all the implications of Fed existence or abolishment
[11:30] {Threei} JPMorgan Chase and Co CEO Dimon: support 70-80% of the regulatory reforms being proposed in Washington including the consumer protection agency
[11:30] {Threei} - must allow banks to fail in the future, and "banks should pay for bank failure."
[11:30] {Threei} - notes small business is starting to show improvement, middle market companies doing better than many people believe.
[11:33] {magoo} aig
[11:34] {magoo} l .50
[11:35] {magoo} vad..u out ZION?
[11:36] {Threei} I never took it
[11:36] {Threei} it invalidated
[11:36] {Threei} it's all yours
[11:36] {magoo} ah..i took .23
[11:36] {magoo} out here then
[11:36] {Threei} wtg
[11:36] {magoo} i guess
[11:37] {Threei} US) House Speaker Pelosi: Would like to see vote on healthcare reform next week
[11:37] {Threei} she would, wouldn't she
[11:38] {Threei} - Overhaul of student loan program will be included in the healthcare bill.
[11:38] {Threei} good idea... let's also include carbon tax, financial reform and travel advisory in there
[11:39] {dino} well, that is the plan, since they can't get these approved the traditional way
[11:39] {dino} it's the "we know what is good for you" play
[11:39] {Threei} yup
[11:40] {Threei} you are ahainst it? you arfe just too stupid to know what is good for you
[11:40] {Threei} but worry not
[11:40] {Threei} we do
[11:40] {dino} exactly
[11:40] {dino} textbook vs real world
[11:40] {Threei} go back to your Survivor, grab that beer, we will take care of you by taxing those damn rich folks
[11:41] {Threei} oh, and sign that union card on your way to sofa
[11:41] {dino} the flaw of course is that the rich are not stupid, otherwise they would not be so rich
[11:41] {Threei} TM Exec: Have not reached decision yet on extending incentives (76.89, -0.05, -0.06%)
[11:41] {dino} amsc luv today
[11:42] {RonS} "Don't tax you, don't tax me, tax that man behind the tree."
[11:42] {RonS} Huey Long
[11:42] {dino} lol
[11:45] {dino} the politics of envy; you got it, i want it, too lazy to figure how to get it, so destroy it
[11:45] {magoo} out rimm here .48
[11:45] {magoo} +.68
[11:46] {Threei} beautiful
[11:46] {patience} very nice magoo
[11:46] {dino} gj
[11:48] {jfjf64} nice magoo
[11:49] {Les} out aig +.20, after stopping -.05 on long with mags
[11:49] {jfjf64} nice les
[11:49] {Les} too much trouble, aig
[11:49] {Les} only liked it monday
[11:51] {magoo} aig stopped
[11:51] {dino} gj les
[11:53] {Les} I've been reflecting on the nature of momo
[11:53] {Les} it really is a rare beast we encounter
[11:53] {Les} once per month maybe?
[11:54] {Les} AIG had some good setups tuesday, one or two wednesday, but not the same thing
[11:55] {Les} TM taking that kicking was great, but only happened once
[11:57] {Les} following a momo event, more money is lost than won
[11:58] {Threei} once per month sounds exaggerated
[11:58] {strider} Ah, a phiLESopher
[11:58] {Threei} it depends on market, some environemtn is more conducive to momo plays than others
[11:59] {Les} that I've played, TM with you, AIG recently. yeh sure it changes. but i wasn't here last summer
[11:59] {Threei} but even now we had AIG, TM, SEED,
[11:59] {Threei} TIVO
[12:02] {Les} right, but it's just a brief moment. to recognise what it is and not to hesitate - nirvanah
[12:02] {RonS} dino, see anything w/ PCX?
[12:02] {dino} down
[12:03] {dino} gap around 19.75
[12:03] {dino} strange day for my style
[12:04] {dino} igk drop
[12:05] {dino} bad print
[12:05] {RonS} must be...
[12:08] {fernp} UAUA hod
[12:11] {fernp} 1:1 UAUA 6 cents scalp
[12:12] {Threei} (EU) ECB's Trichet: Asked about violations of the ECB's stability pact rules regarding 3% debt to GDP, says it is unfortunately a problem being seen in all industrialized countries - Fox News interview
[12:12] {Threei} - Euro has "delivered the promise of price stability" to Euro Zone states.
[12:12] {Threei} - Euro inspires confidence, does not compete with the dollar.
[12:13] {dino} real confidence inspiring when members lie/cheat
[12:14] {Threei} IMF's Lipsky: There is some justification for significant optimism out the economic outlook
[12:17] {Threei} [08:37] {Threei} I wonder if UAUA is on the verge of final spike
[12:20] {Threei} Treasury's Sec Geithner: US economy is starting to come back and could emerge as a leader
[12:20] {Threei} yes - if you guys get out of the way
[12:23] {RonS} elves & knaves; w/ no Reagan on the horizon
[12:24] {RonS} ...and Volker cashiered into a caricature.
[12:24] {dino} vad, these's your 666 you spoke of earlier
[12:25] {dino} ron reagan was the man.
[12:25] {dino} most terrifying words spoken, "i'm from gov't and i'm here to help" reagan
[12:26] {Threei} yeah
[12:26] {dino} rino charging today
[12:31] {RonS} reagan (during a CA guv redwood cutting controversy): "If you've seen one redwood, you've seen them all."
[12:31] {dino} roflol
[12:31] {dino} this country needs another reagan
[12:32] {RonS} ...converted Saul of Tarsus.
[12:33] {dino} mkt drop
[12:46] {strider} BA
[12:48] {strider} vad, whatcha think of UAUA as inverse c&h?
[12:50] {strider} never mind.:)
[12:50] {Threei} lol
[12:51] {dino} wampq ouch
[12:51] {strider} BA break?
[12:53] {RonS} strider, you may want to lookd at PCP v BA...
[12:56] {dino} another 6 pt s/p day
[12:56] {strider} thanks, Ron
[12:57] {RonS} IVAN? opinions?
[12:57] {dino} giddy-up
[12:57] {dino} mkt that is
[12:59] {fernp} TWI any read, Vad?
[13:02] {fernp} 1:1 TWI ty :-)
[13:02] {Threei} lol
[13:02] {Threei} yw
[13:11] {dino} out nav .65, +.40
[13:16] {larisa} gj
[13:17] {dino} ty took hours
[13:19] {fernp} USB hitting 26.00
[13:24] {fernp} WCRX 26.10 break, Vad? you think is good idea?
[13:25] {Threei} hmmm
[13:26] {Threei} with market locked as it is, there is no way for me to tell successful break from return to the range
[13:26] {fernp} same thing for USB 26 break, no?
[13:27] {Threei} USB is a bit different
[13:27] {Threei} this is salmon
[13:27] {Threei} has better chances
[13:27] {fernp} ok
[13:27] {fernp} ty
[13:28] {fernp} under .93 is correct?
[13:28] {Threei} or .90
[13:29] {nemo} wow quite the backup at 26
[13:39] {dino} rino to .99
[13:41] {dino} out rino slip ave .93, +.43
[13:44] {Threei} wtg
[13:46] {dino} ty slow day
[13:46] {dino} what time amln results?
[13:51] {nemo} anybody got any jokes suitable for the forum
[13:51] {nemo} ?
[13:51] {strider} most of mine are too clean.
[13:51] {nemo} wow
[13:52] {nemo} never would have thought that
[13:52] {Threei} I don't see AMLN today dino
[13:52] {strider} ok. I lied.
[13:52] {nemo} pheww
[13:52] {strider} gags?
[13:52] {strider} gas?
[13:52] {nemo} ?
[13:52] {strider} nm
[13:53] {dino} amln i think is drug decision, diabetes
[13:55] {larisa} once it is halted, dino, means news are on its way :)
[13:58] {dino} not sure they always halt
[13:58] {larisa} I was trying to make a joke to kill you and nemo with one stone :)
[13:59] {fernp} finally, WCRX 1:1 :-)
[14:00] {dino} lol larisa, too much going on to get it
[14:00] {RonS} if fern is on fire, does that mean a bush is burning? :D
[14:00] {larisa} lol
[14:01] {nemo} ?
06[14:01] * larisa slaps nemo around a bit with a large trout
[14:01] {nemo} :)
[14:02] {dino} ohhh mannn ron
[14:03] {RonS} for Vad:
[14:05] {fernp} AXP trying 41.00
[14:05] {Threei} so much for my theory
06[14:07] * nemo slaps larisa around a bit with a large bouquet of flowers :)
06[14:08] * nemo thinks, "That'll ruin my image..."
[14:08] {RonS} ok, so how do you prepare for a potential squeeze run in UAUA?
[14:08] {larisa} you are so much nicer person than I am
[14:09] {nemo} depends on the situation...:) I can derive enjoyment out of both ends of the spectrum
[14:09] {RonS} I guess I am asking for a long trigger...
[14:10] {nemo} follow the trend line ron
[14:17] {Les} might have just become a short Ron
[14:18] {RonS} i run a quote ticker line whose speed mimics the volume and it is barley moving...
[14:19] {RonS} barely...
[14:19] {Les} I have no idea what that means Ron :(
[14:20] {Les} CHRW busting 54
[14:20] {RonS} ...has everyone gone for the weekend already? eg, Les the trade action right now is very, very slow.
[14:21] {dino} feels that way
[14:21] {dino} summer starting early
[14:21] {Les} gotchya
[14:21] {nemo} actually it's very, very, very, very slow, Ron
[14:21] {strider} I'm gonna take MC ride as soon as this misery is over.
[14:22] {Les} how's weather stateside?
[14:22] {nemo} depends on where you are
[14:22] {strider} AIG inverse H&S
[14:23] {strider} little drizzly....low 60F here.
[14:24] {nemo} partly, sunny highs in the 40's SW wind 5-8 mph
[14:24] {dino} rain and 50s
[14:25] {strider} look at spy t7s
[14:25] {strider} t&s
[14:26] {strider} spinning a mile a minute
[14:32] {fernp} scalp by scalp i've managed to be back at breakeven. I'm tired. Have a good weekend everybody. See you all on monday
[14:32] {Threei} take care fern
[14:32] {nemo} c u Fernando
[14:32] {RonS} cya fern
[14:32] {dino} cya feern
[14:32] {strider} see ya fern................")
[14:33] {Threei} FR) French Fin Minister Lagarde: Reiterates at this time there is no Greece bailout required but EU is discussing a contingency plan
[14:33] {Threei} - notes involving the IMF in the Euro-zone would be "a bit odd"
[14:33] {Threei} - happy that the Euro has weakened
[14:33] {Threei} - not worried about other Euro-zone
[14:35] {Les} gj fern. bon weekend
[14:36] {Les} AIG broke without me. 34 has pivot point support under it so looking for a bounce to play
[14:36] {dino} me thinks they do protest too much
[14:44] {dino} pfcb
[14:45] {Raven} shit ... I forgot to water stinkin plants
[14:45] {nemo} nice talk
[14:46] {Raven} lol ... I hate plants
[14:46] {Raven} but sorry for editable line, 3i
[14:46] {nemo} you must be under orders
[14:47] {Raven} self-inflicted orders
[14:47] {Threei} not editing
[14:47] {nemo} oh
[14:47] {Raven} jeeze ... then get busy nemo ... create some havoc
[14:48] {nemo} Now...if you were to go George Carlin...that would be editable
[14:48] {nemo} Or, John Valbe...
[14:49] {Raven} you know too many unrecognizable names ... so I well water some plants ... sigh ... brb
[14:50] {nemo} John Valbe was the 7 dirty words of the college circuit
[14:50] {nemo} back in the day
[14:51] {dino} 80s
[14:51] {nemo} 70's and 80's for me
[14:51] {dino} how old are you
[14:51] {nemo} Vad's age
[14:51] {Les} AIG is bouncing (why'd I only take 5 cents?). db or death to follow
[14:52] {dino} 55?
[14:52] {Les} 62?
[14:52] {nemo} no
[14:52] {Threei} 94??
[14:52] {dino} 45 next week for me
[14:52] {nemo} ides of march
[14:52] {Les} just kidding vad. making fun of nemow
[14:53] {Les} nemo
[14:53] {nemo} list Les...list
[14:53] {dino} st pat's, wife is on the ides
[14:53] {nemo} St. Pats, bad memories
[14:54] {dino} green man time
[14:54] {dino} ever see that according to jim green man episode, funny
[14:54] {nemo} that day cost me alot in legal fees
[14:54] {dino} divorce?
[14:55] {dino} usually cost me beer $
[14:55] {dino} been putting green dye in my beers all week
[14:55] {nemo} and 5 or 6 young men had a disagreement
[14:55] {dino} oh
[14:56] {RonS} ...nemo whips out his harpoon from the peg leg
[14:57] {RonS} ...snake bliskin style...
[14:57] {Les} EXPD could be reversal
[14:57] {nemo} good movie...liked Adrienne Barbeau
[15:01] {Les} KLAC
[15:01] {magoo} its time
[15:01] {magoo} vad rwiay?
[15:01] {Les} aig's got big offer blocking at .20
[15:02] {nemo} hit 'em Vad
[15:02] {dino} back in 10
[15:02] {magoo} aig short to me
[15:02] {Les} waiting for lod
[15:02] {Threei} market is still where it was
[15:02] {Threei} no signs of movement
[15:02] {Les} it is rather tight isn't it
[15:03] {Les} not long weekend is it?
[15:03] {Threei} (CA) IMF and Canada sign borrowing agreement
[15:03] {Threei} who will borrow from whom?
[15:03] {Threei} no Les
[15:04] {nemo} cat might have a bull flag
[15:06] {Les} unfriggincredible AIG ain't shortable
[15:07] {Threei} it is here
[15:07] {magoo} oh shit bought it checking lol
[15:07] {Threei} lol
[15:07] {nemo} I hate that, sneezed once and went short by accident
[15:08] {nemo} Then there's the classic double tap, and two lots in hand
[15:08] {dino} about 48 hours les
[15:08] {Les} ?
[15:10] {dino} the weekend
[15:10] {Les} duh
[15:10] {Les} :)
[15:10] {dino} lol
[15:11] {Les} caught another 10 cents long on AIG
[15:12] {Les} ZION
[15:12] {dino} sm l sam .55
[15:12] {dino} gappy
[15:13] {strider} ya think :)
[15:13] {dino} indeed
[15:13] {dino} thats why small
[15:14] {Les} could drive a mack truck through those gaps dino :)
[15:14] {Les} dino trade
[15:15] {Les} h & s fas?
[15:15] {dino} million ways to trade
[15:15] {strider} yeah, and a few of em even work.
[15:16] {dino} only need a few
[15:16] {nemo} yeah, jack-of-all-trades, master of none, is very appropos for this activity
[15:17] {nemo} fas bounce at .50
[15:18] {nemo} damn...51
[15:24] {Les} scalp scalp scalp. taking money back of ZION
[15:27] {Les} ZION lod b/d?
[15:28] {Threei} can't tell
[15:30] {magoo} AIG falling
[15:40] {strider} 2 down days this week, and still a little green for the week....I'm happy with that.
[15:40] {dino} zzzzzzzzzzzzzzzzzzz
[15:40] {dino} gj strider
[15:40] {strider} thx dino.
[15:41] {Les} u r holding up well in chop chop st. cool beans.
[15:41] {dino} np
[15:42] {strider} thx les.
[15:45] {Les} ah. green to finish the week? how nicespy
[15:47] {dino} if so 22 of 24
[15:48] {nemo} yeah, getting the 3:40 rally
[15:52] {RonS} good weekend to all. adios.
[15:52] {Les} ciao bon weekend
[15:52] {Threei} take care Ron
[15:52] {Threei} I was beyond careful today,
[15:52] {nemo} don't let the door hit you on the way out
[15:53] {Threei} didn't want to press things
[15:53] {dino} cya ron
[15:53] {Threei} and seeing how market sat in place for the whole day, was probably right decision
[15:57] {Threei} GG CEO: remain very bullish about gold price, based on long term supply and demand fundamentals based on inflation hedging and central bank buying - CNBC interview (39.34, -0.68, -1.70%)
[15:57] {Threei} can GG ceo be bearigh on gold, really?
[15:58] {dino} out nsm -.09 all day
[15:59] {Threei} ok guys, thank you all
[15:59] {Threei} have a great weekend
[15:59] {Threei} see you all on Monday
[15:59] {dino} out jcg +.10 all day\
[15:59] {dino} out same +.05
[16:00] {larisa} bye :)
[16:00] {Les} ciao all
[16:00] {magoo} c u all
[16:00] {dino} thx all, gtood times, good week, appreciate the ideas