Wednesday, April 28, 2010

Apr 28 2010

Mibbit is down for the day so those who use it couldn't connect today. This is third party service, and they are under Denial of Service attack. Sorry guys, not much we can do - hopefully they are up and running for tomorrow, otherwise installing mIRC is the only way to connect the room. Our server is running smoothly. Please use instructions at the bottom of for mIRC installation. Meanwhile, you may monitor their updates at

The day was uneventful, with couple rinses and whole lot of boredom.

Session Time: Wed Apr 28 00:00:00 2010

[07:49] {magoo} sedarmoc kninrom
[08:46] {Threei} AAPL Could launch next generation iPhone on June 7 at the Worldwide Developers conference - Business insider
[08:46] {Threei} I still don't understand the point of previous one
[08:49] {Raven} have you ever messed with an I-Phone?
[08:49] {Threei} for whole 5 min, gotta admit
[08:50] {Raven} it is slick ... but then I don't even have a cell phone :)
[08:50] {Threei} see? :)
[08:50] {Threei} I am sure it is, I just don't get the point :)
[08:50] {Raven} somehow I must be missing something
[08:50] {Threei} but then again, there are so many things I can that this about...
[08:51] {Threei} can say
[08:51] {Raven} just don't see the need for a cell phone except maybe for 10 minutes per year
[08:52] {Threei} lol... dialog between me and phone company rep when I switched from a plan to pay-as-you-go
[08:52] {Threei} he: why, it will cut severely your time allowance
[08:52] {Threei} I: great, I need very little
[08:52] {Threei} he: but how do you stay connected?
[08:53] {Threei} I: I don't generally...
[08:53] {Threei} he: huh?
[08:53] {Threei} I: huh?
[08:53] {Raven} rofl
[08:53] {Threei} total breakdown of communication :)
[08:53] {Raven} there is so much meaningles babble :)
[08:54] {Raven} less
[08:55] {Threei} I am making 10K loop around the lake, beautiful forest trail, canopy over your head, water in just a few meters... why would I want to "stay connected"???
[08:56] {Raven} but don't you want to know that your wife just got to the grocery store?
[08:56] {Threei} or walk along the ocean shore... herons, seals poking their heads out, occassioanl bald eagle
[08:56] {Threei} well, usually she is right there with me, lol
[08:56] {Raven} your sibling then
[08:57] {Threei} 10,000 km
[08:57] {nemo} morgen
[08:57] {Threei} nemo :)
[08:57] {Raven} n
[08:57] {Threei} (GR) German CDU budget expert: IMF and ECB reject inclusion of banks in Greece rescue package
[08:57] {Threei} ***Note: On Apr 27th a German CDU party member stated that it sought to discuss issue of haircuts with ECB and IMF in regards to Greece aid debate
[08:57] {nemo} guess we should have gone long on the close yesterday :)
[08:58] {Threei} shrug
[08:58] {Threei} mibbit is down it seems
[09:00] {strider} ACAS
[09:00] {strider} American Capital upgraded to Outperform from Underperform at BMO Capital
[09:00] {Threei} *(CA) CANADA FEB HOUSE PRICE INDEX Y/Y: 9.9% V 7.5%E
[09:00] {nemo} so greece banned short selling
[09:01] {Threei} oh yeah
[09:01] {Threei} let's see how well that works for them
[09:01] {nemo} Down elevator goes express...gonna' be a hard landing
[09:02] {magoo} vad, keep 1 eyre on BWLD for me, looking for a bounce setup today
[09:02] {magoo} also, AIG amzn
[09:02] {magoo} fcx
[09:02] {magoo} rimm
[09:03] {nemo} anything else vad can do for you?
[09:03] {Threei} ok, I am in need of 5 more eyes then
[09:03] {magoo} thank u (u have your work all laid out for u today :)
[09:03] {Threei} btw, speaking of eyes
[09:03] {Threei} keep one on SQNM
[09:03] {Threei} 6.50 break is interesting
[09:04] {magoo} also, GS was a nice short yesterday, so keep eye on it too
[09:05] {magoo} biggies after close BIDU FSLR AKAM
[09:06] {Threei} GR) German SPD member: German Parliamentary approval is not automatic on Greek rescue package
[09:06] {Threei} - Reportedly IMF sees need at $100-120B over 3-year period
[09:07] {Threei} quite amazing to see, but:
[09:08] {Threei} CNN guys got things right, and grilled two Senate idiots Levin and Dodd this morning with "you repealed Glass-Steagal creating today's situation, why do you blame GS now?"
[09:08] {Threei} GR) French PM Fillon: EU needs to allocate 30B in Greek aid immediately, must end "irrational speculation" against Greece
[09:15] {larisa} gm :)
[09:16] {Threei} larisa
[09:16] {larisa} vad :)
[09:20] {nemo} lari :)
[09:21] {larisa} gm nemo :) everybody still asleep ?
[09:21] {Threei} mibbit is down
[09:27] {fernp} Good morning everybody
[09:27] {Threei} fern :)
[09:27] {nemo} Hola fern
[09:27] {fernp} i think mibbit is down
[09:28] {fernp} it is impossible to log in here using mibbit
[09:28] {Threei} yeah
[09:31] {nemo} qcom
[09:33] {Threei} Long Setup: LVS .25
[09:33] {Threei} if holding above .15
[09:34] {Les} .
[09:34] {Les} anyone here?
[09:34] {nemo} there goes the neighborhood
[09:34] {Les} coooooooooooooool
[09:35] {Les} I'm in MIRC
[09:35] {Les} friggin mibbit screwed up once too many times
[09:35] {Threei} invalidated
[09:35] {Threei} watching for another setup
[09:36] {strider} UA
[09:37] {Threei} .15 break
[09:37] {strider} LVS?
[09:38] {Threei} .05 stop
[09:39] {Threei} no go
[09:39] {nemo} 200 ma right here
[09:42] {strider} STEC
[09:42] {Threei} STEC Strength attributed to vague takeover chatter
[09:42] {Threei} - IBM rumored as a potential acquirer (15.87, +0.51, 3.32%)
[09:43] {Threei} DCTH
[09:44] {strider} where's dino?
[09:44] {strider} ah, mibbit?
[09:44] {Threei} 09:21] {Threei} mibbit is down
[09:44] {Les} right, got it now. mirc works fine
[09:45] {Les} awiav?
[09:45] {nemo} coma
[09:45] {Les} already?
[09:45] {Les} so dino is not here?
[09:46] {nemo} Les without his binky
[09:47] {Threei} BCRX Reports Q1 -$0.06 v -$0.16e, R$26.1M v $20Me
[09:47] {Threei} - Ended the quarter with cash, cash equivalents and investments of $89.4M
[09:47] {Les} well what names have you got for me boy dexter?
[09:49] {dptl} good morning
[09:49] {Threei} dp :)
[09:50] {Threei} FTBK seems to prepare next jump
[09:51] {Threei} VVUS, what's up there
[09:51] {Threei} don't see any news
[09:51] {strider} BRCD upgrade
[09:52] {Threei} how about that jump, FTBK
[09:52] {strider} Vivus initiated with a Buy at Brean Murray
[09:52] {strider} Brean Murray expects Qnexa to be approved on its October 28, 2010 PDUFA and for avanafil to be approved by 1H12. Target $15.
[09:52] {Threei} October??
[09:52] {Threei} I'll wait..
[09:53] {strider} hey, I'm just the messenger. :)
[09:53] {Threei} lol
06[09:53] * magoo slaps strider around a bit with a large trout
[09:53] {fernp} lol
[09:53] {strider} thanks, magoo. I needed that.
[09:54] {Threei} BRCD nice daily
[09:55] {strider} sticky data this morning in L2
[09:55] {Threei} fine here
[09:55] {magoo} lil ugly now
[09:55] {magoo} fine here
[09:55] {Threei} DEAR
[09:55] {Threei} very risky one
[09:55] {Threei} loco candidate
[09:57] {magoo} vad news FCX?
[09:57] {magoo} really check ok
[09:58] {Threei} no news
[09:58] {magoo} no... really
[09:58] {Threei} (IT) Italy: Fitch does not see any risks to Italy sov ratings at this time
[09:58] {Threei} uh oh
[09:58] {Threei} Italy is toast
[09:59] {Threei} - State faces a smaller challenge in stabilizing its debts in comparison to other Eurozone peripherals
[09:59] {Threei} - State must act on medium term finance issues
[10:00] {magoo} l FCX .20
[10:00] {magoo} RISKY
[10:01] {magoo} out
[10:02] {Threei} AFL Shares moving lower as firm discusses exposure to Greek banks and sovereign debts
[10:02] {Threei} - Have no direct exposure to Portugal sov debts
[10:03] {magoo} _ .15
[10:03] {magoo} -}15
[10:03] {magoo} sigh
[10:03] {magoo} -.15
[10:03] {Les} how can I slap you in mirc mags?
[10:03] {larisa} you can not :)
06[10:04] * strider slaps magoo around a bit with a large cardboard cutout of Les
[10:04] {magoo} nice
[10:04] {Threei} lol
[10:04] {Les} * star
[10:04] {Threei} Short Setup: AFL .40 break half lot
[10:04] {Threei} .55 stop
[10:05] {strider} I'm showing .34 now
[10:05] {Threei} so it's late, wait folr bounce
[10:05] {Threei} was .42 at the time of alert
[10:05] {Threei} broke down fast
[10:05] {Les} shorted fcx on the back of your long mags. 1st entry .15 averaged in .99 covered .82
[10:06] {Les} ty
[10:06] {strider} in .43
[10:06] {magoo} thats just wrong les
[10:06] {Les} not messing with ya
[10:06] {Les} cause it didn't go up
[10:06] {Les} I shorted on the bounce
[10:07] {Threei} no go AFL
[10:07] {fernp} yeah stopped
[10:08] {Les} fcx knows how to dive
[10:09] {Threei} AFL rinse
[10:11] {Les} vad fcx read?
[10:11] {Les} never mind
[10:14] {magoo} nasty trader afl
[10:15] {Threei} argh
[10:15] {Threei} look at it
[10:16] {Threei} Imax Corp Signs Up to 20 Picture Deal From 2010 Through 2013 with Warner Bros.
[10:16] {Threei} completed an agreement to release up to 20 Warner Bros. films in IMAX's format over the course of the next three and a half years (from 2010 through 2013). The agreement strategically aligns Warner Bros.' tent-pole business with the increasing worldwide popularity of The IMAX Experiencein both 2D and IMAX3D, providing the studio with an added distribution platform that consistently delivers strong box office returns. The agreement underscores the excitement around the studio's future films which are anticipated to be among the best Hollywood event titles slated for release in the coming years.
[10:17] {strider} Apr. 28 14:15 FOMC Rate Decision 04/28 0.25% 0.25%
[10:17] {Threei} total non-event
[10:21] {magoo} BWLD if takes 42
[10:21] {magoo} long
[10:21] {magoo} risky
[10:22] {Threei} TM Could recall 50K 2003 Sequoias - Detroit News (76.93, -0.06, -0.08%)
[10:26] {fernp} VMED , Vad?
[10:27] {fernp} 18 break?
[10:27] {nemo} amzn at critical level
[10:27] {Threei} if market helps, fern
[10:27] {Threei} chart is right
[10:28] {fernp} ok. ty
[10:28] {magoo} AOL vad
[10:28] {magoo} look
[10:29] {Threei} crappy earniongs
[10:30] {Threei} AOL Hearing shares trading lower following reduced expectations for advertising revenue levels on conference call
[10:30] {Threei} *DOE CRUDE: +2M V +750KE; GASOLINE: -1.25M V +500KE; DISTILLATE: #+2.9MV +1.2ME
[10:30] {magoo} took .49 AFTer my post
[10:30] {Les} nice bounce
[10:32] {Threei} can you believe that AFL rinse?
[10:32] {magoo} out 25 ty vads
[10:32] {shorty} I am in!
[10:32] {nemo} afl
[10:33] {Les} bouncer shows shorty to the door...
[10:33] {Threei} mibbit is back up? or made it via mirc?
[10:33] {shorty} mirc
[10:33] {shorty} Thanks Threei
[10:35] {Les} very small short .28 fcx
[10:36] {magoo} reloaded aol .20 out .38 ty vad
[10:37] {Threei} lol
[10:37] {magoo} helping your ave today (i got your back)
[10:37] {Threei} AOL Exec:Continue to look at portfolio about possible non core sales, cannot provide additional information - conf call
[10:40] {Les} out -.06 might be squeeze. looking at .50 maybe
[10:42] {Threei} Yesterday 16:05 SIMG Reports Q1 -$0.05 v -$0.07e, R$34.3M v $31Me
[10:42] {Threei} - Guides Q2 Rev $37-39M v $38Me
[10:42] {Threei} - Sees Q2 gross margin 54-55%
[10:42] {Threei}
[10:44] {magoo} WOW terrible slippage on a laser hard top
[10:44] {magoo} was set at .69 got .51 on BWLD
[10:45] {Threei} huh?
[10:45] {Threei} market order?
[10:45] {magoo} i had some bwld
[10:45] {magoo} no stop
[10:46] {Threei} auto?
[10:47] {magoo} fixed speed
[10:47] {magoo} price stop
[10:47] {Threei} they can be limit and market
[10:47] {Threei} you obviously used market
[10:47] {Threei} which is a murderer on such thin stock
[10:47] {magoo} yea, not stop limit
[10:48] {Threei} GE CEO: Seeing more confidence in spending for the US: US company balance sheets are 'flush', expecting to see job growth in coming year
[10:51] {Les} iss
[10:52] {Les} issi
[10:52] {Les} trying for 13
[10:53] {strider} FCX
[10:56] {Threei} CELM
[10:57] {Threei} momo candidate
[11:01] {Les} RHI
[11:04] {Threei} anyone went for CELM?
[11:04] {Threei} BWEN Recent strength attributed to report that President Obama has approved the wind energy farm off the coast of Cape Cod
[11:05] {nemo} now that Kennedy is dead, they can't stop it
[11:08] {shorty} C/H with CIEN?
[11:08] {Threei} with handfle just starting to form?
[11:09] {shorty} yes
[11:09] {Threei} could be...
[11:09] {Threei} needs to hold here and turn back up
[11:10] {shorty} what would be b/o price?
[11:10] {Threei} .20 if go by that C&H of yours
[11:10] {shorty} ty
[11:11] {Threei} Mibbit is under a DOS (denial of service) attack
[11:12] {Threei} BWEN rticks higher
[11:12] {shorty} Could be awhile then
[11:13] {shorty} a while
[11:13] {strider} mags, is dino in the office?
[11:14] {Threei} US) US Interior Department officially approves Cape Wind offshore wind project in Massachusetts - Boston Globe
[11:15] {shorty} I am not an energy expert, but when the demand of energy is up there is not a lot of wind. Hot days, with no wind.
[11:18] {larisa} you can use solar fan to create wind to power windmill to power you house fan :)
[11:18] {larisa} and on cold days we will need another strategy :)
[11:18] {Threei} and if there is no sun, you can run an internal combustion engine to power the fan
[11:19] {shorty} lol
[11:19] {Threei} I'd say it all works out
[11:19] {shorty} I like my coal power plants.
[11:19] {Threei} you remember we started with 30B Greece aid package,
[11:20] {Threei} then decided it's rather 60B
[11:20] {Threei} well...
[11:20] {Threei} GR) European ministers are saying Greek aid package may need to be as high as 135B - Der Spiegel
[11:20] {Les} doesn't sound good for the Euro
[11:20] {Threei} {Germany} you know what... after some soul-seraching, we cancel Europe as a continent
[11:21] {RonS} ...couple of weeks ago the GAO exposed the EnergyStar program by submitting things like a gasoline powered clock radio...approved cause it saved electricity...
[11:21] {Threei} {Asia} wait, Europe is not a continent, we are there too, on the same land mass
[11:21] {larisa} this is funny Ron :)
[11:21] {Threei} {Germany} how unfortunate for you
[11:23] {Threei} Ron, along the same lines, I am waiting with interest for final tally on electric cars
[11:23] {Threei} sooner or later they will have to take their heads out of their... OK{ out of the sand,
[11:24] {Threei} and compute things from the power supply side
[11:25] {Threei} BWEN Hearing Lazard makes positive comments (timing uncertain) (4.25, +0.24, 5.99%)
[11:26] {shorty} UAUA
[11:27] {strider} GWW?
[11:28] {Threei} *(SP) S&P DOWNGRADES SPAIN
[11:28] {Threei} sorry fern...
[11:30] {Threei} - S&P: "In our opinion, Spain is likely to have an extended period of subdued economic growth, which weakens its budgetary position. The negative outlook reflects the possibility of a downgrade if Spain's budgetary position underperforms to a greater extent than we currently anticipate."
[11:31] {RonS} that a long winded way of saying "we just make stuff up"
[11:31] {Threei} - "The downgrade primarily reflects Standard & Poor's downward revision of its medium-term macroeconomic projections. "We now believe that the Spanish economy's shift away from credit-fuelled economic growth is likely to result in a more protracted period of sluggish activity than we previously assumed,"
[11:31] {fernp} shorted this morning a lot of spanish stocks
[11:31] {shorty} You might get investigated fernp.
[11:31] {Threei} - "The downgrade primarily reflects Standard & Poor's downward revision of its medium-term macroeconomic projections. "We now believe that the Spanish economy's shift away from credit-fuelled economic growth is likely to result in a more protracted period of sluggish activity than we previously assumed,"
[11:31] {Threei} oops, sorry for double
[11:31] {fernp} lol shorty
[11:32] {Threei} (US) Senator Dodd (D-CT) close to deal with Senator Shelby (R-AL) to strip out $50B resolution fund from financial reform bill - WSJ
[11:32] {Threei} - Deal would involve creating new resolution powers, would not include agreement on either consumer protection or derivative regulations.
[11:35] {Les} sounds like deal we don't need
[11:35] {shorty} out aig +.12, too fast to call
[11:36] {Threei} restore Glass-Steagal, limit leverage, install strict loaning guidelines. Period
[11:36] {Threei} financiaal reform is done
[11:36] {nemo} Qs look like a short
[11:39] {Les} GLD making a move. 115 to be broken?
[11:40] {Threei} mibbit is back up
[11:41] {larisa} market is kinda hysterical
[11:43] {magoo} am i here?
[11:43] {RonS} no
[11:43] {magoo} was bumped
[11:43] {magoo} dammit, ill try again
[11:43] {Threei} lol
[11:43] {Threei} here is test mags:
[11:43] {Threei} "I am slapped, therefore I am connected"
[11:44] {magoo} how about now??
06[11:44] * Threei slaps magoo around a bit with a large trout
[11:44] {magoo} ROFLOL
[11:44] {Threei} [11:43] {Threei} here is test mags:
[11:44] {Threei} [11:43] {Threei} "I am slapped, therefore I am connected"
[11:44] {Les} how do you do that? slap someone...
[11:44] {Les} I wanna slap too
06[11:44] * magoo slaps Les around a bit with a large trout
06[11:44] * magoo slaps Les around a bit with a large trout
06[11:44] * magoo slaps Les around a bit with a large trout
[11:44] {Threei} see? easy
[11:45] {magoo} like that Les
[11:45] {strider} no. definitely do not tell les how to do that.
[11:45] {Threei} take the trout in your right hand
[11:45] {Les} dammit someone take me seriously!!!!
[11:45] {Threei} swing it
[11:45] {magoo} NO VAD..he needs to figure it out
[11:45] {RonS} agree strider...
[11:45] {Threei} hit thy neighbor with it
[11:46] {RonS} ...i just figured it out...but will refrain
06[11:47] * shorty slaps RonS around a bit with a large trout
06[11:47] * shorty slaps nemo around a bit with a large trout
06[11:47] * shorty slaps magoo around a bit with a large trout
06[11:47] * shorty slaps Threei around a bit with a large trout
[11:48] {strider} We get it, shorty.
[11:48] {Threei} give man a fish...
[11:48] {nemo} careful
[11:48] {Threei} or... for a man with trout, every action looks like slap
[11:48] {shorty} No you don't, I have 3 weeks to catch up on.
[11:48] {RonS} Ron slaps at Shorty but misses cause he is Shorty
[11:48] {Les} oh this is not fair
[11:48] {magoo} HEY, what i do??
[11:49] {strider} Nothing this time. But you will.
[11:49] {strider} Think of it as credit.
[11:49] {RonS} dino out, or silenced due to mibbit
[11:50] {Les} I can see colour relationship to action, but where is it...
[11:51] {strider} Behind the horse of a different color.
[11:51] {larisa} I have a script that will slap you with random things, always a surprise.. Not sharing though, do not want to deal with bunch of lunatics :)
[11:51] {shorty} Action is not relative to the color.
[11:52] {Threei} lol larisa
[11:52] {shorty} larisa, we missed you when you were away. It got out of hand in here.
[11:52] {Threei} mibbit is back up
[11:53] {Les} you said that before vad, wasn't true
[11:53] {Threei} magoo, tell dino please
[11:53] {Les} so its a script
[11:53] {shorty} It's not up here Threei.
[11:53] {Threei} huh... works here
[11:53] {Les} neither here
[11:53] {Threei},%23discussions&promptPass=true
[11:54] {Threei} page copming up for you?
[11:54] {larisa} right click on the nick les
[11:54] {magoo} im letting him suffer for 1 more hour vad
[11:54] {Threei} lol
06[11:54] * strider slaps larisa around a bit with a large thing.
[11:55] {strider} now you've gone and done it.
[11:55] {Threei} EUR/USD Continues to set fresh 1 year lows; Dealers eye 1.3070 as long term uptrend line
06[11:55] * Les slaps larisa around a bit with a large trout
[11:55] {Les} lol
[11:55] {larisa} not on mine nick Les!!
[11:55] {strider} see?
[11:55] {larisa} sigh
06[11:55] * Les slaps strider around a bit with a large trout
[11:55] {Threei} that's what you get for being nedlessly helpful
06[11:55] * Les slaps Raven around a bit with a large trout
[11:55] {shorty} rofl
[11:56] {larisa} one slap per day per person les, you are done for next 2 weeks
06[11:56] * Les slaps larisa around a bit with a large trout
[11:56] {RonS}'s official...Les has become worthLes
[11:56] {Les} hehe boy in a candy shop...
[11:57] {larisa} trout is boring
[11:58] {nemo} of course, she wants sturgeon (caviar)
[11:58] {RonS}
[11:58] {nemo} both
[11:58] {larisa} they serve it in LV teaspoon for $150 :)
06[11:59] * strider slaps larisa around a bit with a large diamond-studded sturgeon.
[11:59] {larisa} lol
[11:59] {RonS} lol
[11:59] {larisa} vad find a trade to calm them down
[11:59] {Threei} I wish I saw one
[11:59] {Threei} SIMG slowly climbing
[12:00] {Threei} no clear setup though
[12:01] {Les} little bounce in issi. .50 b/d if holding .60?
[12:01] {Les} too thin sorry
[12:01] {Threei},%23discussions&promptPass=true
[12:02] {Threei} is this page coming up for anyone?
[12:02] {larisa} nope
[12:02] {Les} nyet
[12:02] {shorty} Not here
[12:02] {Threei} what the...
[12:02] {Threei} up here
[12:05] {Les} L SLW .52
[12:09] {Les} qid is respecting 50ma support. perhaps a long entry on pullback?
[12:12] {Threei} well
[12:13] {Threei} QID goes up if NASDAQ goes down
[12:13] {Threei} look at QQQQ
[12:13] {Threei} would you short it here?
[12:13] {Threei} if yes, then go long QID
[12:16] {Les} pass
[12:16] {magoo} AIG hit 40
[12:18] {Threei} (SP) Spain Econ Min Campa: Will maintain 2013 goal for public deficit target of 3%
[12:18] {Threei} - Deputy PM: Spain will keep with austerity plan; will take all measures to achieve plans; "surprised" by the recent downgrade by S&P; sees limited impact on financial markets from the move.
[12:20] {Les} qid
[12:22] {shorty} Thinking b/d on it Les?
[12:23] {Les} wrong screen, sorry
[12:30] {Les} $ new high. wonder if gold turns before closing
[12:31] {Les} out slw +.10
[12:32] {magoo} vad, r we in anything?
[12:33] {magoo} vad, awiay?
[12:34] {Les} coma
[12:34] {Threei} hectic day... not much to hang my hat on
[12:34] {shorty} Probably chating with mibbit
[12:35] {Threei} shrug
[12:35] {Threei} what to chat
[12:35] {Threei} they'll be up when they'll be up
[12:35] {shorty} true
[12:40] {magoo} see how AIG f's u so many times we stiop trading it, then bam...easy up day
[12:46] {RonS} ...shouda play...gdx
[13:02] {Threei} (US) Senate test vote on financial reform legislation fails for third time (more than 40 votes against)
[13:02] {Threei} - for the third straight day, Democrats fail to get the 60 votes needed to begin debate on the financial reform bill.
[13:02] {Threei} - Reminder: there was a report earlier today that Senator Dodd (D-CT) is nearing a deal with Senator Shelby (R-AL) to strip out the $50B resolution fund from financial reform bill, one of the sticking points for Republicans.
[13:04] {Les} gg coming down maybe rollover time
[13:06] {Threei} IMF's Strauss-Kahn: There is little risk of a double dip recession, although it is not totally impossible
[13:06] {Threei} - Does not expect to see a W-shaped recession
[13:06] {Threei} - "Should not believe too much what ratings agencies say"
[13:06] {Threei} lol
[13:06] {larisa} it will be funny if we end up +200 today
[13:06] {magoo} is mibbit up vad for dino?
[13:07] {Threei} up for me mags
[13:07] {Threei} looks like it' depends on one's loaction
[13:16] {Les} issi vad, you see a setup?
[13:16] {Threei} marginal...
[13:23] {magoo} marginal
[13:23] {magoo} m
[13:23] {magoo} a
[13:23] {magoo} r
[13:23] {magoo} g
[13:23] {magoo} i
[13:23] {magoo} n
[13:23] {magoo} a
[13:23] {magoo} kl
[13:23] {magoo} marginal
[13:23] {Threei} huh? lol
[13:24] {magoo} moderator "incorrect"...have a seat
[13:25] {magoo} [13:23] {magoo} kl
[13:25] {Les} we bored?
[13:25] {Threei} who wouldn't
[13:25] {Les} GT
[13:25] {RonS} bored we are board...
[13:27] {Les} brcm lod break?
[13:29] {Threei} 50/50
[13:43] {shorty} I am tempted to short brcm here .33
[13:54] {Threei} White House advisor Volcker: US should address entitlement programs, consider raising retirement age
[13:55] {Threei} he wins friends easily, doesn't he
[13:55] {larisa} raising to 80 years old ?
[13:55] {Threei} I say make it 95 and be done with it
[13:56] {larisa} some people live to 120..
[13:56] {Threei} will take a while till science advancements catch up
[13:56] {strider} That's in dog years, Larisa.
[13:56] {Threei} solve the problem for generations
[13:58] {Les} fas bottom of range here
[13:58] {Les} wfc short?
[13:58] {Les} .30 break?
[13:59] {RonS} 15 min to fed...
[13:59] {Threei} well, with stop above .40, may be
[13:59] {nemo} fas looks long here
[13:59] {Threei} but odds of it working at equal to those of not
[13:59] {Threei} and yes, Ron's right,
[13:59] {Les} not with FOMC coming up
[13:59] {Les} no thanks
[13:59] {Threei} why take position this close to FOMC
[14:00] {Threei} even being non-event, it can whipsaw based on one word
[14:02] {Threei} look at AIG offer
[14:03] {Threei} eeck
[14:05] {shorty} CINC Threei?
[14:05] {Threei} ?
[14:05] {shorty} AIF offer
[14:05] {shorty} aig
[14:06] {Threei} it's no longer there, and it was ARCA
[14:06] {nemo} [13:59] {nemo} fas looks long here
[14:07] {Les} RHI 28. selloff with vol.
[14:09] {RonS}
[14:09] {RonS} ...while we wait...
[14:14] {Threei} let's hear from the guy well known for his clairvoyance:
[14:14] {Threei} Former Fed Chairman Greenspan: US has at least another year before it faces threat of inflation
[14:14] {Threei} 04/28 14:06:08-(ERIK GUSTAFSSON 33):
[14:14] {Threei} 04/28 14:10:54-(BRAD OLESEN 31):
[14:14] {Les} blow that bubble boys
[14:15] {Les} cool RonS. and here I was filling my purile mind with South Park antics
[14:18] {Threei} here is whipsaw foretold a few min ago
[14:18] {RonS} ya, you really stretched for that
[14:19] {larisa} lol
[14:19] {Threei} sigh... I won't be appreciated during my lifetime, that's settled
[14:19] {RonS} hilarious
[14:22] {shorty} That was a good video RonS
[14:23] {RonS} ...modern manufacturing is a wonder...
[14:25] {larisa} I wish they would think more of air quality and ergonomics too.. Not all people fly 1th class and i have long legs :)
[14:25] {RonS} omg the mind is running...
[14:25] {Les} lol trying to think of something
[14:26] {larisa} 3 meters each
[14:26] {Les} not purile
[14:26] {nemo} how about a trade
[14:27] {RonS} ...purile...had to look it up since I thought it meant the soap aisle at Walmart...
[14:27] {nemo} I'm not sure that's a word Les
[14:27] {nemo} I think it's puerile
[14:28] {Les}
[14:28] {Les} sorry
[14:28] {shorty} I admit, I had to google that word
[14:28] {RonS} rotfl
[14:28] {Threei} I didn't... I take all words I don't know for "who cares"
[14:28] {nemo} It's been used about me so many times I kinda' knew
[14:30] {RonS} 3i, you were right; this is whippier action than usual
[14:30] {Threei} wow... and I am not even dead yet
[14:30] {shorty} lol
[14:31] {shorty} Have another piece of bacon Threei, and a shot of crestor.
[14:31] {Threei} now, why would I need that nasty stuff
[14:31] {Threei} crestor I mean
[14:32] {shorty} So you can enjoy bacon for another 15 years
[14:33] {shorty} As I get older, so does my perscription list. It's depressing.
[14:33] {shorty} I mean higher number of doses.
[14:33] {Threei} my stopped bothering me since I lost it and decided not to look for it, nor get a new one
[14:33] {Threei} much happier, too
[14:34] {magoo} was on phone, u hit anytthing?
[14:34] {magoo} radical charts
[14:36] {RonS} ...guy goes to the doc: doc say i have good and bad news. Guy says gimme the bad. Doc says you have Aids. Guy says what is the good? Doc says: you also have Alzhiemers, now go home and forget about it.
[14:36] {shorty} lol
[14:37] {RonS} we know Shorty is young. Every older guy who hears that, absolutely cringes.
[14:38] {Threei} hears what Ron?
[14:38] {shorty} I am young, mid 30's
[14:39] {shorty} I think?
[14:39] {RonS} ...not trying to be negative...but, I do not see how to trade this action...oh dino, where are you?\
[14:41] {shorty} I know RonS...I have 3 trades today. Batting 2 for 3.
[14:41] {Threei} nor do I, thus satying on a sideline
[14:41] {shorty} Who likes to play vids?
[14:42] {shorty}
[14:46] {Les} yeh shorty
[14:47] {Les} I liked that game in 1988
[14:47] {magoo} i havent told dino to try and log in yet he he
[14:48] {Les} still ain't working
[14:48] {magoo} it is NOT correct?
[14:48] {Les} not here
[14:51] {shorty} But you can play with the contra character Les, or mega man or link from zelda.
[14:52] {Les} don't play much anymore. Bit of PS2 with kids. Got Civilization 4 on pc.
[14:52] {Threei} so weird... works for me
[14:52] {Threei} and it seems for no one else
[14:52] {Threei} UAUA Reportedly closer to settling on deal value with CAL; with deal to come next week (21.98, +1.47, 7.17%) (related CAL )
[14:53] {shorty} I wanted to be a pilot, so flight sim is my favorite. Not much time to play with the kids though.
[14:55] {Les} ha! so did I
[14:55] {Les} picked up 82 hours and a PPL before leaving Oz
[14:57] {Les} I see lots of paragliders jumping off hill behind my place...
[14:57] {Les} but I'd rather be trading
[14:57] {shorty} A good friend of mine fly's private jets. I am jealous of his career.
[14:58] {shorty} paragliding is a bit risky for my taste.
[14:58] {shorty} Me too, trading is fun.
[14:58] {larisa} and not risky at all :)
[14:59] {shorty} Well, I hope trading doesn't kill me
[14:59] {shorty} :)
[15:00] {Les} aig
[15:02] {Les} Sydney has median house price above $600k for 1st time
[15:12] {RonS} ...carried jef l into the day at 24.65, +.62 Did nothing else today since i was late trying to get in w/ mIRC. Will sign out now and try mibbit. If i do not make it back have a good evening all.
[15:12] {Threei} wait
[15:12] {Threei} ron
[15:13] {RonS} yes
[15:13] {Threei} why do you need to sing off to try mibbit?
[15:13] {Threei} just try to connect the log in page
[15:13] {RonS} ...just thought i did...
[15:13] {Threei} either it's up for you or not
[15:13] {RonS} ok
[15:15] {RonS} not working 3i...
[15:15] {Threei} so werid
[15:19] {Les} gld read vad?
[15:19] {Threei} none, really
[15:19] {Les} ok
[15:21] {Les} reading spiegel and these numbers being thrown about in aid just for Greece
[15:22] {Threei} and?
[15:22] {Les} wonder how long it takes for people to understand they're going to pay it
[15:22] {Les} for Greece
[15:22] {Threei} which people you mean?
[15:22] {Les} taxpayers
[15:22] {Threei} in Greece? germany?
[15:22] {Les} Europe
[15:22] {Threei} problem is, those are different taxpayers
[15:23] {Threei} no such thing as Erope taxpayer
[15:23] {Threei} that's the problem with EU
[15:23] {Les} even Portugal and Spain must contribute to Greece aid
[15:23] {Threei} and that's why it's doomed
[15:23] {Threei} there are taxpayers on different nations,
[15:23] {Threei} and some of them pay for others
[15:23] {nemo} qcom sitting near day's highs
[15:23] {Threei} and that's what will tear whol;e thing apart
[15:24] {Les} that's what I am thinking of
[15:24] {Les} how long before they realise they have to cough up the cash
[15:24] {Les} and pay the consequence in their own country
[15:25] {Les} GDX
[15:26] {Les} and how they will each respond to their own govts.
[15:30] {magoo} AOL rotting
[15:30] {RonS} Democrats Threaten Dramatic All-Night Filibuster Showdown On Financial Reform
[15:30] {RonS} ooh, scary...
[15:31] {magoo} yea..the whole group of 6 who actually are working
[15:33] {shorty} ISSI Threei, see a set up?
[15:34] {Threei} nope
[15:35] {Les} gdx selling off
[15:37] {shorty} How about BRCM?
[15:38] {Threei} what formation do you see in either?
[15:39] {shorty} ISSI is trending.....BRCM is at a res.
[15:40] {Threei} setup comes from chart formation
[15:40] {Threei} familiar, recognizable, providing a scenario
[15:40] {Threei} "trending" is a state, not a formation
[15:40] {Threei} do I make sense?
[15:41] {shorty} yes
[15:42] {Les} talk about taking profits gdx
[15:43] {nemo} look at aem
[15:43] {Les} I had to choose SLW as my short. strongest of the bloody lot
[15:43] {nemo} puerile of you
[15:43] {larisa} lol
[15:43] {Les} hehehe
[15:44] {Threei} lol
[15:47] {Les} hmm vxx
[15:48] {Les} .50 break worth a try?
[15:48] {Threei} UI wouldn't
[15:48] {Threei} I
[15:48] {Les} ok
[15:48] {Threei} spiked vertically
[15:49] {Les} too far too fast?
[15:49] {Threei} how do you decide which point is "no chasing" anymore, beyond resistance bvreak?
[15:49] {Threei} .40, .50, .55
[15:49] {Threei} they are all the same, points on the vertical spike
[15:49] {Threei} one of them will be the last one
[15:50] {Threei} see what I mean?
[15:50] {Les} yeh
[15:50] {Threei} .20 break, yes
[15:50] {Threei} little consolidation and .30 break, well,
[15:50] {Threei} questionable but could be
[15:50] {Threei} beyond that, it's already timeto look for exit
[15:51] {dptl} good evening all
[15:51] {Threei} not be a part of crowd blindly buying with no regard to setups
[15:51] {Threei} shorty, see what I mean by setups, chart formations?
[15:51] {Threei} take care dp
[15:51] {shorty} Bye dptl
[15:51] {shorty} I do
[15:52] {shorty} With BRCM, .51 or .56 break, would you hace considered
[15:55] {shorty} Between 14:55 and 15:15 on BRCM, would that be consolidation?
[15:56] {Threei} more or less, yes
[15:56] {nemo} qcom finishing near highs
[15:56] {shorty} I am starting to see the style, or the pattern.
[15:57] {shorty} A couple more months with you guys and I should be able to see it clearly.
[15:57] {Threei} thank you all guys
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:58] {nemo} We'll send you the jacket with very long sleeves
[15:58] {Les} night all. c u's tomorrow
[15:58] {nemo} c u
[15:58] {larisa} bye
[15:58] {shorty} Bye all
06[15:58] * Les slaps Les around a bit with a large trout
[15:58] {magoo} ty all