Tuesday, April 6, 2010

Apr 06 2010

About flat day for us, as a few nice profitable trades met a few stops, and they ended with a draw. Really need to get to that 11K and be done with it, suspense is a killer.

Session Time: Tue Apr 06 00:00:00 2010

[02:23] {KSystems} good morning
[08:29] {Threei} (EU) ECB's Kranjec: Sees higher borrowing costs for euro zone banks
[08:29] {Threei} - Says ECB announced measures will stop one-year lending without limits and that the maturity of sources will shorten and banks will have to seek funding on the markets
[08:32] {Threei} WATG Guides Q1 Rev ahead of $63M (10.85, 0.00, 0.00%)
[08:35] {Threei} (GR) Greece confirms IMF delegation visit for 'regular cooperation'
[08:35] {Threei} ***Reminder: Earlier today there was press speculation that an IMF delegation would arrive in Greece on Wed to provide technical assistance and review finances (see our 3:57am ET headline)
[08:37] {Threei} US) Treasury's profit from US banks repaying loans as part of TARP to yield $10B profit; Bailout for auto sector and AIG to result in $117B overall loss for the TARP program - FT
[08:37] {Threei} - Says loans to Goldman Sachs and American Express yielded the biggest amount of profit.
[08:38] {fernp} Good morning everybody
[08:40] {Threei} fern :)
[08:46] {Threei} PUDA Brean Murray Initiates PUDA with Buy, price target: $17
[09:02] {dptl} good morning all
[09:03] {ese} good morning
[09:03] {Threei} dp, ese :)
[09:03] {ese} dddddddddddppppppppppppp!!!!!!!!!!
[09:03] {ese} good to have you hangin again!
[09:04] {dptl} :) ese....ty ...it's good to be here again
[09:11] {Threei} BUNDS 10-year Greek/German spread at 400bps; widest since Euro currency launch in 1999 (related EUR/GBP EUR/USD EUR/CHF EUR/JPY GILTS NBG SOVRX )
[09:17] {dino} gm all
[09:18] {ese} dino
[09:19] {dino} :)
[09:22] {Threei} dino :)
[09:22] {strider} morning all.
[09:23] {Threei} strider :)
[09:24] {dino} fun, cpby, ca, mee
[09:24] {strider} :)
[09:25] {Threei} Europe issue resurfaced with vengeance, and is killing the market
[09:25] {shorty} gm all
[09:25] {Threei} shorty :)
[09:25] {jfjf64} mornin
[09:25] {lasertrev} morning
[09:27] {Threei} jf, trev :)
[09:29] {larisa} gm :)
[09:29] {Threei} larisa :)
[09:30] {Les} morning
[09:31] {Threei} les :)
[09:31] {Les} I see my failure to trade the news yesterday, in reviewing log and charts. nice setups. my bad
[09:32] {nemo} did the market open?
[09:32] {dino} y
[09:33] {nemo} it was sarcasm
[09:33] {jfjf64} vxx vad
[09:33] {strider} +.25 MEE scalp
[09:33] {strider} short
[09:33] {dino} gj
[09:34] {Threei} Long Setup: VXX .45 break if stays above .35
[09:35] {Threei} TIVO Reportedly DISH and Echostar request en banc (panel) review by US Appeals Court of TIVO patent ruling (17.21, +0.35, 2.08%) (related DISH )
[09:36] {Threei} watch LVS for pullback to about .25
[09:36] {Threei} .20 - .25 is long entry zone
[09:37] {Threei} if doesn't lose .30, can be a gfreak play at .40, much more risky though
[09:37] {Les} pcx
[09:38] {RonS} x ??
[09:39] {Threei} who went for break on LVS, 1:2
[09:39] {Threei} get out
[09:39] {jfjf64} ty
[09:41] {Threei} FCX, long half lot on pullback near .15-.20
[09:41] {dino} mos sm l .75
[09:42] {Threei} and LVS second play probably
[09:42] {Threei} ugh, late
[09:44] {Les} vxx no go
[09:44] {fernp} stopped VXX
[09:45] {dptl} stopped vxx
[09:45] {shorty} stoped vxx
[09:45] {larisa} now vad knows for sure :)
[09:45] {Threei} what about?
[09:45] {larisa} lol
[09:45] {Threei} anyone got stopped VXX btw?
[09:45] {Les} :P
[09:46] {strider} not me.
[09:46] {nemo} not me
[09:47] {Threei} watching LVS again
[09:47] {jfjf64} .35 cross
[09:47] {Threei} .30 was my idea but happened too fast
[09:47] {dino} air pockets
[09:47] {dino} xrtx l .45
[09:50] {dino} stop to .58
[09:51] {dino} out xrtx .571, +.121
[09:51] {Threei} CA) Bank of Canada Carney: Housing firmly valued and not a bubble
[09:52] {Threei} what's with SAY?
[09:52] {Threei} I see no news
[09:53] {Les} SLW 17 break if GDX obliges?
[09:54] {Threei} I'd prefer aggressive entry
[09:54] {Les} 1st sign of strength?
[09:54] {Threei} yes
[09:56] {Threei} Long Setup: DNDN half lot .60 break
[09:56] {Threei} if stays above .50
[09:56] {nemo} missed
[09:56] {dino} mos to .15
[09:56] {Threei} who got it, take scalp
[09:56] {Threei} too fast spike
[09:58] {Les} why is spot gold higher and gdx lagging?
[09:58] {dino} to .20
[09:58] {nemo} miners does not equal gold
[09:58] {Threei} ZANE?
[09:59] {Threei} why don't I have any news for all this flying crap
[10:00] {Threei} RNO.FR Follow up: Reportedly French ministers have approved Daimler/Renault/Nissan partnership
[10:02] {dino} out mos +.45
[10:02] {dino} 17 m contract
[10:02] {dino} zane
[10:02] {Threei} ty... for some reason, not on my wire
[10:03] {dino} np dude
[10:03] {Threei} I assume SAY has something too
[10:03] {dino} not here
[10:03] {Threei} ICGE, another one
[10:03] {dino} darn ca was waiting at .51
[10:05] {dino} tstc luv today
[10:06] {Threei} Long Setup: UNG .65 break
[10:06] {Threei} if stays above .60 for scalper, .55 day traders
[10:08] {dino} ctrp gap fill
[10:08] {Threei} TEAR Strength attributed to a company profile posted on a biotech industry website
[10:08] {Threei} - highlights the company's diagnostic test for dry eye disease (DED). (2.70, +0.20, 8.00%)
[10:08] {Threei} Long Setup: AET .80 if stays above .70
[10:11] {Threei} not a scalp for me
[10:11] {dino} db
[10:12] {jfjf64} thinkin lk ya scare myself sensi
[10:12] {nemo} what isn't
[10:15] {Threei} WFC...
[10:16] {Threei} .99 is 52 week high
[10:17] {Threei} wanna try?
[10:17] {Threei} Long Setup: WFC 32 if stays above .90
[10:17] {Threei} big sizes too
[10:18] {strider} in .97
[10:18] {Threei} I dunno about such entry in this case... I'd prefer to see 32 getting hit and melting down
[10:19] {strider} It did get hit.
[10:19] {Threei} not what I mean
[10:19] {Threei} you see those sizes?
[10:19] {dino} ctrp sm l .40
[10:19] {nemo} offers getting hit and chipped away
[10:19] {Threei} I don't consider a few 100 shares buys "getting hit"
[10:19] {Threei} it needs start scrolling
[10:20] {Threei} AET new highs slowly
[10:23] {Les} zane makes contact with with 50ma. maybe secondary b/o here
[10:23] {dino} here's a hit, sssssslllllaaapppppppppppppp
[10:23] {Threei} scalpers get ready for AET, day traders offer half
[10:23] {Threei} 1:1
[10:24] {Threei} stop to b/e
[10:24] {dptl} out ty
[10:25] {Threei} :)
[10:25] {shorty} :D
[10:25] {fernp} ty Vad
[10:26] {Threei} welcome
[10:26] {Threei} what do you know, scalpers win
[10:26] {Threei} again
[10:26] {shorty} taking my daughter to school see you in a bit
[10:26] {nemo} wow, tight day
[10:29] {dptl} wfc still good?
[10:29] {Threei} sure
[10:29] {fernp} Vad kick WFC, pls
[10:29] {Threei} another proud bird?
[10:29] {Threei} not flying unless kicked?
06[10:29] * Threei kicks WFC in the rear
[10:30] {fernp} ty
[10:30] {Threei} look UNIS
[10:30] {dino} \xrtx l .55 stop lod
[10:31] {Threei} CMCSA US Appeals court reportedly rules Comcast cannot restrict bandwidth or interfere with customers utilizing peer to peer programs (18.83, +0.01, 0.05%) (related TWX )
[10:32] {Les} TWX 32 break interest you vad?
[10:32] {Les} with some vol.
[10:33] {Threei} can't tell
[10:35] {nemo} fas taking off
[10:36] {dino} enco
[10:36] {dptl} .90 stop wfc right?
[10:36] {Threei} we have a digestion day
[10:36] {Threei} just under dp
[10:36] {dino} enco
[10:37] {Threei} another one I have no news for dino
[10:37] {dino} must be the report, was delayed
[10:38] {dino} seems excessive
[10:39] {dino} can't borrow
[10:39] {Threei} probably a good thing, lol
[10:39] {dino} wanted dt
[10:42] {Threei} (GR) IMF: Visit to Greece intended for technical assistance
[10:43] {dino} ctrp to .84
[10:43] {Les} strange. rumours abound Greeks t rying to oust IMF for Euro bailout to avoid harsh fiscal reforms
[10:44] {dino} whats so strange about that
[10:44] {dino} i'd do same thing
[10:44] {Les} Greeks don't want IMF, Europe doesn't want to touch Greece.
[10:44] {dino} out ctrp +.44
[10:45] {strider} gj, dino.
[10:45] {dino} ty
[10:46] {dino} rog
[10:47] {Threei} hard to get a read on the market here guys
[10:47] {Threei} can get stuck for a long while
[10:48] {Threei} maybe let's lighten on WFC
[10:48] {Threei} PMTI Ticks higher after report from FDA on its laser surgical instrument in dermatological uses (12.09, +1.05, 9.51%)
[10:48] {Les} continuing .90 as stop?
[10:49] {Threei} can be trailed to under .95
[10:49] {Threei} FDA has granted marketing approval for laser surgical instrument in dermatological uses
[10:51] {Threei} CIGX Hearing strength attributed to positive comments from analysts (timing uncertain) (2.94, +0.11, 3.89%)
[10:51] {dino} mos app lod
[10:52] {Threei} - Rothman analyst believes CIGX will shortly unveil new product in partnership with VTIV.
[10:52] {dino} ca l .75
[10:54] {Threei} CA Hearing Deutsche Bank adds to short term Buy List
[10:54] {dino} ty
[10:58] {dino} stop to .79
[10:59] {dino} wall at .86
[11:02] {ese} L pten .70
[11:04] {dino} to .86
[11:04] {dino} out +.11
[11:04] {dino} ca
[11:12] {dptl} .
[11:13] {Threei} don't point at me
[11:13] {Threei} point at the stalled market
[11:13] {Threei} even as you do have a point
[11:13] {Threei} and a fine point it is
[11:14] {fernp} FAZ .45 break, you think is valid breakdown, vad?
[11:14] {Threei} 51/49
[11:15] {Threei} I'd say, it's a risk based setup
[11:15] {Threei} i.e., worth taking simply because risk is so small
[11:15] {ese} L wynn .03
[11:15] {fernp} ok
[11:17] {ese} out wynn .09 +.06
[11:17] {dino} ca, darn
[11:17] {dino} pwrd lod
[11:17] {Les} yeh I stopped out flat. .81. stupid
[11:17] {dino} pulper
[11:17] {nemo} yeah, I was wondering why you got out at .86 on the break of that range
[11:18] {dino} size
[11:18] {dino} scalp planned
[11:18] {nemo} ahh
[11:18] {dino} plan the trade treade the plan
[11:18] {dino} trade]
[11:18] {dino} wow, can't type
[11:19] {Threei} welcome to the club
[11:19] {ese} no thats good ...."tread on the plan"
[11:19] {dino} ty
[11:19] {dino} esssssssssssssssssse
[11:19] {dino} tstc feels like wants hod
[11:20] {ese} and it's gettin it
[11:20] {dino} with me
[11:20] {Threei} Toyota Motor Corp Plans to maintain heavy sales incentives in the US for the balance of April - Seattle Times (update)
[11:20] {Threei} - Toyota Motor Corp. says it will continue offering discounted leases on up to eight models, including the Camry, Corolla and RAV4. It will also offer zero-percent financing on up to six vehicles and is expanding a two-year free maintenance program to all customers.
[11:21] {ese} target for pten is 15.00 for me but it's taking forever o get there....i like yours better dino
[11:21] {ese} ahhhh finally moving
[11:21] {fernp} 1:1 FAZ ty Vad
[11:21] {dino} time will tell
[11:22] {dino} xrtx stuck in mud
[11:24] {ese} dag gone it....stopped pten .65 -.05
[11:25] {Threei} :)
[11:25] {dino} bummer
[11:25] {Threei} this market is incredibly good at eliminating bears as population
[11:25] {ese} quel drag!
[11:25] {Threei} whiping out actually
[11:25] {dino} hunting season
[11:26] {Threei} just imagine the sigh of relief as they see gap down,
[11:26] {dino} what is a gap down, lol
[11:26] {Threei} and next thing they know, relentless pressure resumes after open
[11:26] {Threei} SPY just went green
[11:26] {Threei} DJI is just 12 points in red
[11:27] {dino} maybe 11k today
[11:27] {Threei} WFC 1:1
[11:27] {Threei} took its sweet time, lol
[11:27] {fernp} yeah
[11:27] {dptl} out +.10 ty wfc
[11:27] {Threei} welcome
[11:27] {dino} gj
[11:28] {Threei} took a lot of patience
[11:28] {Threei} or coma
[11:28] {Threei} (US) Fed's Fisher: No need to tighten policy at the moment, seeing no price pressures currently - WSJ
[11:28] {dino} c'mon xrtx, everyday you go .40 to .90
[11:28] {Threei} SPNC Ticks higher on FDA disclosure of 3/26 grant of marketing approval for Torqmax Catheter Introducer Kit (7.71, +0.32, 4.33%)
[11:29] {Threei} why would they disclose approval today?
[11:33] {dino} giddy-up
[11:33] {Les} missed x .50 break. watch 71
[11:34] {Threei} 1:2 is coming WFC
[11:35] {Threei} came
[11:36] {Threei} I am out
[11:36] {Threei} it was really trying
[11:37] {Les} X .95 break?
[11:37] {Threei} if I had any doubt about 11K before today, I have none anymore
[11:37] {Threei} barring some nasty news
[11:38] {larisa} good, we can sell now :)
[11:38] {Threei} probably les
[11:38] {Threei} we can... maybe not today, but it will be tagged and broken,
[11:38] {Threei} and more than that - it won't be the end of it
[11:38] {nemo} yeah, there's really no pullback in this market
[11:39] {Threei} btw larisa, I thought about your dilemma yesterday, and I believe I found the root of your problem
[11:39] {Threei} here it is:
[11:40] {Threei} carrot juice is not an appropriate tool for killing brain cells
[11:40] {dino} uh oh
[11:40] {larisa} yes, they just become yellow..
[11:40] {Threei} yeah... but alive and well
[11:41] {Threei} US) EPA Official: Looking to release proposals for regulating greenhouse gas emissions by the end of April
[11:41] {nemo} wouldn't it be funny if the dow kept climbing to a new all time high
[11:41] {Threei} oh good
[11:41] {Threei} this one is somewhat funny
[11:41] {Threei} Thestreet.com, Inc. GNBT files $250M lawsuit against the company
[11:41] {Threei} - commenced legal proceedings against TheStreet.com, Inc. and Adam Feuerstein in the Supreme Court of the State of New York seeking $250,000,000 in damages for business defamation, product disparagement, and injurious falsehood. The claims arise out of articles authored by Feuerstein and published on TheStreet.com website on March 19 and March 26, 2010.
[11:42] {Threei} - Generex contends that the articles disseminate numerous defamatory statements about the Company, its management, and its flagship product, Generex Oral-lyn, and that the articles put forward several ostensible statements of fact that are, in truth, misleading or outright misstatements made with malicious intent or with a reckless disregard for the truth.
[11:42] {Threei} - Note: GNBT demanded a retraction of the story on 3/23
[11:42] {dino} reminds me of acas
[11:42] {dino} protest too much
[11:43] {Threei} or OSTK
[11:43] {dino} yes
[11:43] {dino} lol .51/sh
[11:43] {Threei} which btw had an incredible run over last week
[11:46] {Les} PXD 62 break?
[11:49] {Threei} right chart... wrong time
[11:56] {RonS} news: wall street black boxes auto-shutdown en masse from boredom
[11:56] {Threei} rofl
[11:56] {Threei} (US) Fed's Lacker: Dodd financial reform bill unlikely to help market stability; could cause instability - CNBC
[11:56] {Threei} this presents interesting dilemma
[11:56] {Threei} who do we trust more, Fed or senator
[11:58] {RonS} hey JOEZ, where you goin with that gun in yer hand
[11:59] {Threei} last news on March 30
[11:59] {Threei} Joe's Jeans Inc. Enters $5.5M footwear licensing agreement
[11:59] {Threei} - Signed a new license agreement with Burano LLC to manufacture and distribute Joe's branded footwear for women. The initial term of the agreement is for three years with minimum net sales commitments of $5.5 million over the term.
[11:59] {dino} jomamma
[12:00] {Threei} shift in nuclear strategy on TV
[12:00] {dino} iran gets one and we dismantle, real smart
[12:01] {RonS} makes sense, women always want a joe under their heal...
[12:01] {RonS} Jack Bauer?
[12:01] {dino} lol
[12:04] {RonS} sheesh, heal=heel
[12:04] {Threei} it's contagious Ron
[12:06] {dino} just wait until you dream trades
[12:06] {Threei} or trade in coma
[12:09] {fernp} BPO interesting
[12:10] {RonS} fern, mpg
[12:11] {RonS} fern, bee
[12:11] {fernp} i like mpg
[12:11] {RonS} so do the commies at the epa
[12:12] {dino} tell us how you really feel ron, :D
[12:12] {Threei} lol
[12:13] {RonS} fern, fch...wow
[12:13] {fernp} lol
[12:14] {dino} gur wow
[12:14] {dino} 55-47 in blink
[12:14] {dino} out half tstc +.30
[12:15] {fernp} 1:1 BPO
[12:16] {Threei} wtg
[12:17] {Threei} GUR looks like erroneous print to me
[12:18] {Les} BEXP .50 break?
[12:18] {dino} had whole series of prints
[12:18] {dino} but could have been that hogh paid broker trying his best
[12:18] {Threei} feels really overextended for today to me, les
[12:19] {Les} ya think :)
[12:19] {Les} 18 would have been nice
[12:19] {RonS} gur...or it slipped on greece...
[12:20] {dino} i think its that value added service
[12:21] {dino} rose
[12:24] {RonS} ya know, fern with bop has me thinking...if finnies are running...are the reits and the iyr components a higher beta for the time being?
[12:25] {RonS} bop=bpo
[12:26] {fernp} no idea here
[12:26] {fernp} USB .90 breakdown is interesting (i think) :-)
[12:29] {larisa} half an inch hail here
[12:30] {Threei} wow
[12:30] {Threei} carefull... I heard a brick-sized hail killed an elephant once in India
[12:30] {Threei} I don't mean I actually heard a thud...
[12:31] {ese} Lt finally had a chance to answer you dcc......have been in out in out last 2 weeks and mind has not been totally here
[12:31] {dino} why not, you deaf?
[12:31] {Threei} no, just rarely sober
[12:31] {dino} lol
[12:31] {Threei} :)
[12:32] {dino} so if an elephant falls in the desert....
[12:32] {Threei} ese, just slap him
[12:32] {Threei} that'll get his attention
[12:32] {larisa} you compare me to elephant?
[12:32] {larisa} in a way?
[12:32] {Threei} wghat am I, suicidal?
[12:32] {larisa} or a brick?
[12:32] {dino} never, see 3i's comment above
[12:34] {Les} vad, CPBY b/d of 7?
[12:35] {dino} pwrd sm l .75 trig
[12:35] {Les} for a scalp. kicking myself for not scalping BEXP straight after you spoke.
[12:35] {dino} hitting march lows
[12:40] {larisa} I need to move to Carribean or at least Florida, tired of this everchanging weather :)
[12:41] {Threei} can't tell Les
[12:41] {Threei} btw, speaking of BEXP... why weren't uou interested in .40 breakdown on that "overextended" ecomment?
[12:42] {Les} good question. taking "trend is friend" in my setups too literally
[12:43] {Threei} that was a valid setup
[12:45] {Les} see miners starting to weaken. GDX, FCX, SLW
[12:46] {Threei} next hur or two will be "shake me out" time
[12:46] {Threei} hour or tweo
[12:46] {Threei} hour or two
[12:46] {nemo} oreo
[12:46] {Threei} there
[12:46] {Threei} third time is a charm
[12:47] {Threei} guys, I need to leave for an hour - hour and half, sorry
[12:47] {Threei} be back as soon as I can
[12:48] {strider} vad hates us.
[12:48] {nemo} in your case, that's understandable
[12:48] {strider} hey, I pay my money....I stay quiet. what's not to like??\
[12:49] {strider} you...on the other hand....
[12:49] {Les} strider, you living in same state as Massey's mine disaster?
[12:50] {strider} No. I'm in North Carolina.
[12:51] {Les} just checking google. ok, next door. same mountains though?
[12:51] {Les} apper whateveryoucallthem
[12:51] {strider} In the western third of the state, yes.
[12:51] {Les} yeh, i understood lot of coal in those mountains
[12:51] {strider} I'm at the foot of the Appalachians.
[12:52] {strider} Mosstly in Kentucky, West Va., Pennsylvania.
[12:55] {RonS} appalachia coal origin: http://mysite.verizon.net/sosborne1/origin.html
[12:57] {Les} cool. but i've the impression that's flat country. what's with the videos seen of blowing mountain tops?
[12:57] {strider} Wrong impression.
[12:58] {RonS} 400 million year old worn down mountain range...but still mountains
[12:59] {ese} am outta here cath you all tomorow.......busy times
[12:59] {RonS} cya ese
[12:59] {ese} cya ron
[12:59] {Les} ciao
[12:59] {dino} cya es
[13:00] {strider} bbye, ese.
[13:01] {magoo} good afternoon all
[13:02] {strider} hello, magoo.:)
[13:02] {Les} hi mags. no one is in charge...
[13:02] {larisa} lol
[13:02] {Les} dino, MEE 49 break interest you?
[13:02] {RonS} larisa, she who must be obeyed...
[13:03] {RonS} ...vad's rule...
[13:03] {dino} scalp short
[13:03] {Les} but not long? ok
[13:04] {dino} the way my mind worls les, it was in downtrend, so quarter breaks are short triggers
[13:04] {dino} gut says re-test by lod and bounce
[13:05] {dino} now nemo knows support better than i
[13:06] {Les} nice theory. another scalp missed
[13:06] {dino} i'm a simple trader les, nothing fancy
[13:07] {dino} cov .88, +.12, thx for heads up
[13:09] {dino} too soon
[13:09] {dino} db in making maybe
[13:11] {Les} so just to get this straight, in downtrend, bounce to quarter zone is short trigger for you is it?
[13:11] {strider} Gotta go... See you all tomorrow.
[13:11] {Les} bye
[13:11] {dino} cya strider
[13:12] {dino} in downtrend, like to see the quarter break, then breath back to it to enter
[13:12] {RonS} dino, do you see a long setup for RF?
[13:12] {dino} not my type too thick, but support .48, looks like it wants up
[13:13] {RonS} thx
[13:13] {dino} darn mee was at .60
[13:15] {dino} les, vad told me years ago, "be water". perhaps that answers your question
[13:16] {RonS} mspd looks like dino thin candidate...
[13:17] {dino} thin, yes ron, but too tight
[13:17] {dino} want pulp traes
[13:17] {dino} trades
[13:17] {Les} well Vad's not a trader of your setups, so I'm interested in how you see a capitulation stock like MEE
[13:18] {dino} i see some strange trades, lol. questions are fine, but i am wrong roughly 35% of time
[13:19] {RonS} ...jeez dino, more than joe biden...
[13:19] {dino} i "expect to lose" on some. odds game to me
[13:20] {Les} yes have observed this
[13:21] {dino} generally on capits les: $2+ drop fast, watch the quarters on bounces, should go through on way up and then come back to the quarter again.
[13:22] {dino} fast drop is key, straight shot down
[13:23] {dino} look at mee, that is not capit drop, that is the trend down, in my minds view, the capit was earlier
[13:23] {dino} rf was good spot ron
[13:26] {dino} les; post this on your wall if you want to know what i think: you are only in competiion w/youself. hard stops remove emotions. what do you believe that is not true? profits are luck, losses are skill. being poor is bad...staying poor is stupid. they are myearly morning prep reads.
[13:27] {RonS} amen
[13:28] {nemo} Could you expand on this one: what do you believe that is not true?
[13:30] {fernp} SPY c&h
[13:31] {dino} talking heads always saying stuff that is not true, falling in love w/trade that doesn't work, thinking something should happen (thursday someone in this room said 11k was guaranteed for monday, i questioned it), etc. question everything, as anything can happen
[13:34] {RonS} ya that I walk through the valley of the tape, I shall fear no evil, be they gs of the fed , for i have the knowledge that nothing is certain and everything possible; except of course vad and larissa. Can i get an amen?
[13:34] {shorty} Was away all morning, missed CIEN for a good run
[13:34] {RonS} ya=yea
[13:34] {dino} amen brother
[13:36] {larisa} funny :)
[13:40] {RonS} How loonie can it get?: http://www.marketwatch.com/story/dollar-parity-sends-canadians-south-for-homes-2010-04-06?siteid=rss&rss=1
[13:43] {shorty} Thanks for the article Ron, that is exactly what my parents are doing right now. They are buying somewhere in Arizona.
[13:44] {RonS} ...they should check out Payson...
[13:52] {RonS} ...fed minutes is 8...
[13:53] {RonS} O goes for world dictator: http://www.businessweek.com/news/2010-04-06/gibbs-says-obama-wants-more-market-based-china-currency.html
[13:55] {shorty} Payson looks like a really beautiful place. I will forward it to them. Thanks Ron
[13:55] {dino} don't think the chinese care
[13:56] {RonS} ya think, except for the period of British humiliation the Chinese have never given a rat's behind what anyone has wanted...
[13:57] {RonS} shorty, they need not to be big city people...
[14:00] {nemo} Mmmhhh, mos breakdown or breakup?
[14:01] {dino} .60-.65 area should hold
[14:02] {shorty} Do you go there often Ron? Or do you live there?
[14:02] {RonS} the ghost of vad says "depends on market"...
[14:02] {dino} agree
[14:04] {Les} l mee .01
[14:05] {RonS} ...my in-laws have lived there since 1995...been maybe 10 times. Easy access to "the valley", Phoenix. Better weather, and more stable prop values due to restricted supply due to water, and demand from peple looking ot "beat the heat" with 2nd homes
[14:07] {shorty} My father is a hermit, but my mother loves to shop. I can see my father in a small town. Anyway, I will send it to them. Thanks again Ron.
[14:08] {dino} pwrd to .17
[14:08] {dino} out +.41
[14:09] {RonS} wtg dino, starting to understand your pulp ficition...
[14:09] {shorty} wow dino, what is your style! I need a mentor
[14:09] {RonS} ficition=fiction
[14:11] {RonS} 'sup trev :)
[14:12] {dino} ty
[14:15] {lasertrev} got kicked out, and said i was already logged in
[14:16] {lasertrev} vad must be mad at me
[14:16] {Les} I erase browser history to fix related issue
[14:17] {lasertrev} thx will try it
[14:18] {Les} dunno if same issue
[14:20] {fernp} gotta go. good evening everybody. see you all tomorrow
[14:20] {Threei} back
[14:20] {Threei} missed anything?
[14:20] {Les} I've lossed 50 points
[14:20] {Les} lost
[14:21] {nemo} think market might go for it
[14:23] {Threei} wow
[14:23] {Threei} 22 points to 11K
[14:24] {Threei} The redemption of Treasuries may be such that many other tools to drain reserves may not be necessary
[14:24] {dino} dwa l break of .00
[14:24] {nemo} ?
[14:26] {dino} xrtx to b/e all day zzzzzzzzz
[14:27] {Threei} interesting
[14:27] {Threei} I don't see much following between stocks and indices
[14:27] {Threei} with indices hitting new highs, most stocks I see are lagging
[14:28] {dino} same
[14:29] {nemo} I bet market stays "relatively" rage bound until earnings season tells its story
[14:32] {dino} out xrtx flat
[14:32] {dino} strange day, 1st stop
[14:32] {shorty} looking at OVTI, good trend
[14:34] {Les} fcx .9
[14:35] {nemo} where's your stop?
[14:35] {dino} rbcn
[14:35] {shorty} long OVTI .18, stop .11
[14:39] {dino} xrtx rinsed and ran
[14:39] {nemo} wfc breal pf /20?
[14:40] {nemo} break of .20?
[14:40] {nemo} stop .10
[14:40] {nemo} ?
[14:40] {Threei} probably...
[14:41] {Threei} CIEN CNBC's Cramer mentions strength in CIEN today attributed to AT&T announcement that it would invest $1B in network expansion this year (16.24, +0.81, 5.25%) (related T JDSU )
[14:44] {shorty} out OVTI .13
[14:45] {Threei} 16
[14:45] {nemo} ?
[14:45] {Threei} 16 points
[14:45] {nemo} oh
[14:46] {Threei} I am trying to envision how many stops are located just above
[14:46] {nemo} you think people are short this still? oy vay
[14:46] {Threei} there must be an uncle point somewhere
[14:46] {Threei} I am sure of it
[14:47] {Threei} Congressmen Grassley and Max Baucus request ITC conduct investigation into factors affecting agricultural trade between China and the US (related JJG USD/CNY FXI TRADEX )
[14:48] {Threei} oh boy
[14:49] {Threei} totally forgot about FITB 14 break
[14:49] {dino} xra
[14:51] {Les} grabbed .10, thanks
[14:51] {dino} np
[14:53] {dino} dwa stopped -.10
[14:53] {Threei} XRA Exec: Holding talks with several potential buyers, sees deal within 12 months
[14:53] {Threei} - Has signed confidentiality deas with Newmont, Barrick, Kinross and several Chinese firms. (7.66, +1.00, 15.02%) (related NEM KGC ABX )
[15:00] {shorty} Good night all, calling it a day.
[15:00] {Les} ciao
[15:00] {Threei} take care shorty
[15:01] {dino} cya shorty
[15:01] {Les} dino, MEE?
[15:02] {dino} dk
[15:02] {Les} wedged between 200 at .01 and 50.
[15:05] {Threei} WFC almost clawed its way to anoter 1:1
[15:06] {Threei} and above
[15:06] {Threei} anyone?
[15:06] {nemo} just me
[15:06] {Threei} why not
[15:06] {nemo} ?
[15:10] {Threei} Short Setup: RIMM half lot 70 break
[15:10] {Threei} stop above .10
[15:15] {nemo} stopped
[15:15] {Threei} no go
[15:22] {dino} mos lod
[15:25] {Threei} Short Setup: LVS .40 break if stays under .45
[15:26] {dino} rose s .90
[15:26] {Threei} invalidated
[15:29] {dino} cov rose .78, +.12
[15:30] {Les} ty
[15:30] {dino} you get it?
[15:30] {Les} y
[15:30] {dino} gj, missed rog at same time
[15:31] {Threei} Market Internals update at 3:30ET
[15:31] {Threei} - NYSE volume 680M shares, about 13% below its three-month average; advancers lead decliners by 1.3:1.
[15:31] {Threei} - NASDAQ volume 1.78B shares, about 6% below its three-month average; advancers lead decliners by 1.2:1.
[15:31] {Threei} - VIX index -5% at just over 16.00
[15:32] {Les} mee lod
[15:32] {dino} mee lod
[15:32] {dino} lol
[15:36] {magoo} gotta run, c u tomorrow
[15:36] {Les} ciao
[15:36] {lasertrev} later magoo
[15:36] {Threei} magoo was here?
[15:36] {nemo} not a peep though
[15:36] {dino} xrtx l .60
[15:42] {dino} to .67
[15:43] {dino} out+.07
[15:47] {dino} xrtx break of .75 l
[15:48] {dino} nah, not much time
[15:50] {Threei} yeah, a bit too narow to expect anything worty from it in remaining time
[15:54] {dptl} good evening all...see ya tomorrow
[15:54] {Threei} take care dp
[15:55] {dino} cya dp
[15:56] {dino} out remainder tstc +.25 at .00
[15:57] {Threei} 11K party gets postponed every day
[15:57] {nemo} not much longer
[15:57] {Threei} I may get seriously damaged liver before it even starts
[15:57] {nemo} it's petrified already
[15:57] {Threei} no, it's surprizingly resilient
[15:58] {RonS} leslie gore
[15:58] {Threei} ok guys... another boring day
[15:58] {Threei} thank you all, have a good evening
[15:58] {Threei} see you tomorrow
[15:58] {Les} ok. ciao
[15:59] {nemo} cya
[15:59] {dino} very good day for me
[15:59] {Threei} flat here
[15:59] {dino} 8 of 10
[15:59] {nemo} slightly negative
[15:59] {Threei} profits got balanced out by stops
[15:59] {Threei} great job dino
[16:00] {dino} ty