Wednesday, May 5, 2010

May 05 2010

One of "why did I bother to wake up" days. Started with nice juicy win on WFC, continued with 3 stops in row, and on top of that my Internet started acting flaky - 2 or 3 disconnections, then total loss of the link to outer world. Room found a few good plays while I was cut off.

Session Time: Wed May 05 00:00:00 2010

[02:25] {KSystems} Morning
[08:02] {magoo} kehfe,fhefjhffhhae
[08:15] {strider} wtf is going on with mIRC this morning?
[08:17] {Threei} that's nothing strider... look what happens with Portugal
[08:17] {Threei} Moody's puts Portugal on review for possible downgrade
[08:17] {Threei} or look at ITMN
[08:17] {Threei} and yo think you have problems?
[08:18] {strider} I am humbled.
[08:18] {Threei} as we all well shuld be...
[08:18] {Threei} but this particular server fluke was KS's fault {G}
06[08:20] * KSystems looks the other way
06[08:20] * strider slaps KSystems around a bit with a large map of Portugal.
[08:20] {Threei} see how dangerous it is to look other way? maybe you had a chance to duck
06[08:21] * KSystems whistles
[08:21] {KSystems} i'm still trying to evade
[08:22] {Threei} just wait till magoo returns and finds out why he was kciked
[08:22] {Threei} you will envy ITMN
[08:23] {nemo} did fas do a split?
[08:23] {Threei} yes
[08:23] {Threei} Direxion shares Financial Bull 3X Previously announced reverse splits in FAS and FAZ to be effective July 8
[08:23] {Threei} - as announced on 6/26, FAS will do a 1 for 5 reverse split and FAZ will do a 1 for 10 reverse split.
[08:24] {Threei} wait
[08:24] {nemo} that
[08:24] {Threei} that 2009, lol
[08:24] {nemo} was last year
[08:24] {nemo} looks like fas did a 3:1
[08:24] {nemo} faz didn't do anything
[08:25] {Threei} what the
[08:25] {Threei} no split message anywhere
[08:25] {nemo}'s wtf
[08:27] {Threei} I don't know what gives, I don't see anything anywhere
[08:27] {Threei} and it's not our quotes fluke
[08:27] {Threei} US Coast Guard: valve leak stopped on top of well assembly; estimated rate of spillage unchanged
[08:30] {_york1} good morning all
[08:30] {Threei} york :)
[08:30] {Threei} BP is trying
[08:32] {Threei} HNSN Pre-Clinical Study Shows Hansen Medical's Robotic Catheter System Is More Efficient and May Be Safer for Vascular Procedures
[08:33] {Threei} hard pullback
[08:36] {Threei} European peripherals continue to widen follwoing Mood'ys comment on Portugual
[08:36] {Threei} - Portugual 5-year Credit Default Swap (CDS) over 400bpss
[08:36] {Threei} - The spread between Greek/German 10-year bonds above 700bps and 5-year Credit default Swap (CDS) at 850bps
[08:42] {Threei} BP Moodys revises outlook to negative
[08:43] {Threei} EU Junker: Says Euro region has shaky growth perspectives
[08:50] {magoo} morning, thanx vad for email response
[08:50] {Threei} hey mags
[08:50] {Threei} look how early we both sold ITMN yesterday
[08:51] {Threei} but heck... who would want to hold that overnight
[08:51] {magoo} yea, plus it dived to 8 afterhrs
[08:58] {Threei} lol, this is like parallel universe... anyone see anything about FAS split?
[09:03] {RonS} gm all...DIREXION SHS ETF TR announces 6 for 2 stock split 04/23 03:22 PM
[09:03] {dino} gm all
[09:03] {Threei} ron, dino :)
[09:03] {RonS} On April 23, 2010 the board of directors at DIREXION SHS ETF TR approved a 6 for 2 stock split. New shares will be granted on May 4, 2010 to shareholders of record on April 30, 2010. Beginning on May 5, 2010, the security's price will reflect the split adjusted price.
[09:03] {Threei} ty.. weird, doesn't show on my news feed anywhere
[09:04] {RonS} ...provided by CCBN/CapIQ
[09:05] {fernp} Good morning everybody
[09:05] {dino} itmn, has full approval in japan on this drug already, fwiw
[09:05] {Threei} fern :)
[09:05] {dino} mygn, grmn
[09:05] {Threei} and Europe is still ahead, dino
[09:07] {dptl} good morning
[09:07] {Threei} dp :)
[09:09] {Threei} 3 dead in Greece protests
[09:11] {RonS} AMMD 8.2 mil sh short, 11% float
[09:12] {magoo} ITMN..doesnt matter now, its DEAD
[09:13] {magoo} will test 8 today
[09:15] {Threei} larisa :)
[09:16] {Les} wow ITMN. dead is understatement mags
[09:16] {larisa} gm :)
[09:16] {Threei} we scalped it after hours yesterday Les
[09:16] {Threei} I and magoo
[09:16] {Threei} [16:35] {Threei} mama mia
[09:16] {Threei} [16:35] {Threei} in
[09:16] {Threei} [16:36] {Threei} out
[09:16] {Threei} [16:36] {magoo} nice vad
[09:16] {Threei} [16:36] {Threei} 8.82 - 9.25
[09:16] {Threei} [16:36] {Threei} too soon, but sheesh
[09:16] {Threei} [16:37] {magoo} in 9.45
[09:16] {Threei} [16:38] {Threei} good luck, I am going to change diapers
[09:16] {Threei} [16:38] {magoo} out .70
[09:17] {magoo} and laserdave
[09:17] {Threei} really?
[09:17] {Threei} (PO) Moody's: Sees a "very strong" likelyhood of a Portugal downgrade following three-month review
[09:17] {Threei} - Still need to assess whether Portugal will be able to put a "credible and meaningful" austerity plan in place
[09:17] {Les} right it came back online after hours did it?
[09:17] {magoo} yup
[09:18] {Threei} guys, I'll have to leave for 30-40 min in about half an hour after open
[09:18] {Threei} gotta drop wife unit to the airport
[09:18] {Les} whaaaaaaaaaaaaaat?
[09:21] {magoo} u gonna be a free man for few days vad?
[09:22] {Threei} a week
[09:22] {magoo} NICE...ill be coming over then
[09:22] {Threei} wait, I'll send you a list of what to bring
[09:24] {lasertrev} gm
[09:25] {Les} morning trev. dcc please
[09:25] {shorty} Good morning
[09:25] {Threei} trev, shorty :)
[09:29] {Threei} if BP forms setup early, ity's a half lot play
[09:29] {Threei} warning in advance to save time on typing
[09:29] {magoo} so 2k?
[09:30] {Threei} Long Setup: BP 51 break if holding above .85
[09:31] {Threei} invalidated
[09:31] {magoo} F vad, look
[09:32] {shorty} Unusual for Ford.
[09:33] {Threei} and no news
[09:34] {Threei} Long Setup: WFC .50 break
[09:35] {Threei} stop under .40 for scalper, .35 for day traders
[09:37] {Threei} no footing yet anywhere
[09:38] {dino} ctsh sm l .75
[09:38] {dino} elx l .60
[09:39] {dino} ed's green
[09:40] {Les} had a short in esi .98. my software is asleep. gotta reboot
[09:40] {Threei} Long Setup: WFC .20 break
[09:40] {nemo} oy
[09:40] {Threei} wow
[09:40] {Threei} that was unobtainable
[09:41] {shorty} Nice call though
[09:41] {Threei} US) Preview: April ISM Non-Manufacturing Composite due out at 10:00ET
[09:41] {Threei} **consensus expectation: 56.0e v 55.4 prior
[09:41] {dino} intc l .01
[09:41] {magoo} took .31
[09:41] {magoo} chase i know
[09:42] {Threei} a whole lot of it
[09:42] {magoo} looking for .43
[09:44] {dino} fire
[09:44] {dino} thin
[09:45] {dino} agm drop
[09:45] {nemo} ahhhh......Vad?
[09:46] {nemo} nevermind
[09:47] {Threei} ?
[09:47] {nemo} nothin'
[09:48] {dino} fire l ave .17
[09:48] {jfjf64} vxx sharp pullbk
[09:48] {Threei} should drop more I think
[09:49] {dino} giddy-up
[09:49] {Threei} (EU) ECB's Weber: Greece Containing contagion does not justify all and any means, cannot violate basic principles of Maastrict treaty
[09:49] {Threei} - An "insolvency regime" would increase market discipline and national responsibility
[09:49] {Threei} - Crisis calls for measures that were "unthinkable" previously, however there are "limits."
[09:49] {Threei} - Greek crisis is primarily due to domestic problems, Greek austerity measures are painful but necessary.
[09:50] {Les} nice dino. tried following but no luck with IB. overwhelmed with orders or bad weather?
[09:51] {dino} out ctsh .45, +.70
[09:51] {Threei} BP Sees containment dome lowered onto seabed in apprx 3 days time
[09:51] {Threei} - Stopped one of three leak points; Mc252 Oil well and Riser
[09:52] {dino} ty les
[09:52] {dino} out elx +.10
[09:54] {Threei} Long Setup: WFC 32 break
[09:54] {fernp} PCX 18 break, Vad?
[09:54] {Threei} stop under .90
[09:54] {nemo} damn
[09:54] {magoo} in REVENGRE
[09:54] {Threei} this one is not a scalp
[09:55] {Threei} half out
[09:55] {Threei} well, unless you are a scalper
[09:55] {Threei} I will try for more
[09:55] {shorty} out 1:2
[09:55] {strider} that would be me in this case.
[09:55] {nemo} ?
[09:55] {strider} ty
[09:55] {shorty} ty
[09:55] {Threei} stop to .95
[09:55] {nemo} how 1:2 shorty
[09:55] {shorty} got it at .01 out at .11
[09:56] {strider} ITMN rallies.
[09:56] {nemo} that's still 1:1
[09:56] {Threei} jf, if you really want VXX, I'd start looking for entry under .50
[09:56] {shorty} for you, I risk 5 cents
[09:56] {Threei} out 1/2 more WFC
[09:56] {Threei} +.23
[09:56] {Threei} out last piece
[09:56] {Threei} .27
[09:57] {jfjf64} ty wfc
[09:57] {Threei} welcome
[09:57] {Threei} shorty, that's wrong approach
[09:57] {dino} scanners all green
[09:57] {magoo} out .34 TY
[09:57] {magoo} REVENGE is sweet
[09:57] {Threei} .95 was not justified as a stop
[09:57] {Threei} chart had no support there
[09:57] {Threei} aww, exited a bit soon
[09:58] {Threei} but nailed it well as capable for more than scalp\
[09:58] {dino} revenge is a dish best served cold....and it is very cold in space
[09:58] {shorty} Are yu looking at the wick? I was looking at the body.
[09:59] {Threei} with volatile stock on volatile morning, that was asking to be shaken out
[09:59] {Threei} jf
[09:59] {Threei} now you can start looking, VXX
[09:59] {shorty} Thanks nemo and Threei. I will tweak that.
[10:01] {dino} out fire .54, +.37
[10:01] {magoo} ITMN needs .60 and could RIPPPPPPP
[10:01] {magoo} Dangerous
[10:01] {dino} out intc .20, +.19
[10:01] {shorty} dino is on fire
[10:01] {shorty} way to go dino
[10:03] {dino} ty
[10:04] {dino} fdx sm l .10
[10:04] {Threei} OK guys, quick dash to airport and back
[10:04] {Threei} see you in 40
[10:04] {magoo} ill run the show vad
[10:04] {jfjf64} hey what ya mean
[10:04] {shorty} I will stop trading
[10:04] {dino} ctsh sm l .15
[10:05] {Les} let's play mag's setups and lose our shirts :)
[10:05] {shorty} King of momo
[10:05] {magoo} well, ask dino about that
[10:05] {Les} why .60 mags ITMN? took a .50 breakout there with no joy...
[10:06] {magoo} premkt resistanbce
[10:06] {magoo} looking ok
[10:06] {dino} ups sm l .55
[10:07] {fernp} FITB on highs
[10:08] {magoo} offer .77
[10:09] {dino} giddy-up in my best cosmo kramer voice
[10:09] {strider} ITMN trying
[10:09] {magoo} out .77 + .30
[10:09] {magoo} fl
[10:09] {magoo} easy button
[10:09] {magoo} LES???
[10:09] {Les} out flat. small shares. looking for bigger move
[10:10] {dino} beasty boyz market, "its tricky"
[10:10] {dino} out fdx .50, =.40
[10:10] {dino} +
[10:10] {dino} ctsh issues, stop .97 area
[10:10] {Les} waited for .60 to break. was in .64
[10:11] {magoo} or beasty "sabotage" dino
[10:12] {magoo} les, if u had even 1k, it never lost 55
[10:12] {magoo} so, 50 bux wiggle
[10:12] {magoo} then up to .77, + 170
[10:13] {magoo} these nasty traders are wigglers, size according to your risk tolerance
[10:13] {strider} GS JBE st 150
[10:13] {strider} wide
[10:13] {Les} ok I see now .50 is decent support. should have taken on some risk
[10:13] {magoo} or stay away from this type, tajkes experience
[10:13] {Les} naaaaaaaaaaaah
[10:14] {Les} I like this type. always on paper though.
[10:15] {Les} I did send of a check today. Hopefully in Laser in a week or two
[10:15] {Les} off, not of
[10:16] {ese} good morning......
[10:17] {shorty} morning ese
[10:17] {RonS} hi ese
[10:17] {ese} will not be with you for very this evening and have to pick up my vehicle from auto body shop
[10:17] {ese} shorty ron
[10:17] {ese} you all filthy stinking rich yet
[10:18] {ese} 3i not on the board today?
[10:18] {dino} mkts want gap fill
[10:18] {Les} I wish. Vad has abandoned us and Mags is in charge
[10:18] {shorty} I know dino is, maybe magoo. As for me, no.
[10:19] {ese} OHHHHHHHHH NOOOOOOOOO!!!!!!!!!!!!
[10:19] {Les} mags, u keep me posted on how you approach ITMN please today. can use the lessons
[10:19] {dino} just lucky shorty
[10:21] {magoo} making my rounds les
[10:21] {shorty} Would ITMN be a candidate for a short squeeze?
[10:21] {Les} u off to the pub already?
[10:22] {ese} which one of you is responsible for dynamiting the Acroppolis.....damn it can't you see what you've done....not they moeny to fix it and the mrkts have gone ahywire
[10:22] {strider} ITMN. It's already in a short term uptrend
[10:22] {ese} now they need
[10:22] {ese} haywire
[10:22] {magoo} u guys..careful..its prob the most dangerous play today
[10:23] {magoo} it could squeeze to 15 or fall and test 8
[10:23] {dino} out ups ..25, +.70
[10:23] {shorty} Thanks magoo, I am not going to play it at all.
[10:24] {ese} anything out there i can make some quick money on ?
[10:24] {magoo} if i wipe out vads entire room clientel in 40 minutes, hes gonna be PISSED he he
[10:25] {dino} lots of things es
[10:26] {dino} but imo, wait a few minutes
[10:26] {ese} done
[10:26] {dino} watch intc for l off .01 area
[10:27] {ese} will do
[10:27] {dino} keeps going to .20, size it up
[10:27] {ese} nvda almost looks the same
[10:28] {dino} ctsh not cooperating w/upgrade and blow out earnings
[10:29] {Les} long .18. looking for .48 exit
[10:29] {dino} pwrd higher low
[10:29] {dino} les, ctsh?
[10:29] {Les} y
[10:30] {dino} ok, i'm at .15 want .65
[10:31] {Les} premarket price?
[10:31] {Les} That is basis for your exit target?
[10:32] {_york1} here
[10:33] {dino} ctsh out flat, mkt drop
[10:33] {Threei} back
[10:33] {Threei} everyone's alive?
[10:33] {Les} with how many speeding fines?
[10:33] {shorty} yes
[10:33] {dino} gm york
[10:34] {ese} check out gild dino
[10:34] {Threei} they couldn't catch up with me to write speeding ticket, les
[10:34] {Threei} so none
[10:34] {Threei} DOE CRUDE: +2.75M V +750KE; GASOLINE: +1.26M V +500KE; DISTILLATE: +573K V +1.5ME; UTILIZATION: 89.6% V 89.0%E
[10:35] {Threei} wow ITMN
[10:35] {dino} destroyed since earnings gild
[10:35] {Threei} GR) EU's Barroso: Critical mass of Euro Zone would be ready to lend to Greece by end of week; EU should make some sort of crisis mechanism available on a permanent basis
[10:36] {Threei} crisis mechanism available on a permanent basis?
[10:36] {dino} lol
[10:36] {Threei} lol
[10:36] {Les} hehehe
[10:36] {dino} for cheaters i suppose
[10:36] {Threei} GE) Germany Deputy Fin Min Asumussen: Unaware of whether ECB is planning to buy Spain or Portugal bonds; "Orderly defaults" not a current option
[10:36] {Threei} - confident in approval from Gemany on Greece aid
[10:36] {Les} so much for Merkel's one time bailout
[10:36] {ese} one of your members blew up the Acroppolis Vad........I tried to tell them that we earn money the legit way and not manipulating the mrkts........but NNNNNOOOOOO!!!!!! they just don't listen
[10:36] {dino} gild sm l .50
[10:36] {Threei} what a mess
[10:36] {Threei} lol ese
[10:37] {magoo} [10:23] {magoo} u guys..careful..its prob the most dangerous play today
[10:37] {magoo} [10:23] {magoo} it could squeeze to 15 or fall and test 8
[10:37] {magoo} [10:25] {magoo} if i wipe out vads entire room clientel in 40 minutes, hes gonna be PISSED he he
[10:37] {Threei} oh boy
[10:37] {Threei} lol
[10:37] {Les} hey I'm only down 1k
[10:38] {Threei} Short Setup: WFC .65 break
[10:38] {ese} L gild .51 sm
[10:38] {shorty} I am up $20
[10:38] {Threei} if stays under .75
[10:38] {Threei} double top aggressive play
[10:39] {ese} daaaaaaaaaaaa
[10:42] {dino} ctsh sm l .15
[10:42] {nemo} stopped
[10:43] {Threei} yup
[10:43] {shorty} stopped
[10:44] {dino} this contagion thing my thoughts are the europeans will inflate it away by orinting euros
[10:45] {ese} orinting?
[10:46] {dino} opps, printing
[10:46] {Threei} CTGX Selected by the Texas Health Services Authority to Provide Planning Support for Statewide Health Information Exchange
[10:46] {ese} ahhhhhhh
[10:49] {Threei} bounce is much bigger than I suspected
[10:49] {magoo} impressed here, AND the BEARS gotta be getting worried
[10:50] {ese} europeans.........very expressive people.....over react
[10:51] {Threei} hesitated about LVS .50 break, mostly because exepcted bounce strength to vane
[10:59] {Threei} still feels to me like should reverse down from here
[11:01] {Threei} Short Setup: LVS .90 break
[11:02] {nemo} stop .98
[11:02] {Threei} wth
[11:02] {nemo} crisssakes
[11:02] {shorty} crushed
[11:02] {nemo} out 24.04
[11:02] {shorty} same
[11:02] {Les} squeeze those shorts. sorta like 'pimp my ride'
[11:02] {Threei} rinse against the market
[11:03] {nemo} this is going for awhile
[11:03] {Les} french banks beaten bad. watching UBS and CS for cultural contamination
[11:04] {Threei} don't like today at all
[11:05] {strider} My best day in awhile.
[11:05] {Threei} good, you make calls today
[11:06] {dino} same here strider
[11:06] {strider} I quit.
[11:06] {strider} for today.
[11:06] {Threei} sigh
[11:06] {magoo} want me to takeover vad??:)
[11:07] {Threei} sure
[11:07] {magoo} just remember everyone, we r playing if ITMN loses .50, we scalp covering .31
[11:08] {magoo} if it reverses against us, we out .54 long and cover .77
[11:08] {shorty} Just tell us when to buy and sell
[11:08] {larisa} sigh
[11:08] {magoo} u gotta be fast
[11:08] {magoo} i cant type so telling u now
[11:09] {magoo} magoo-style
[11:09] {magoo} btw, im releasing video called "gooby-style"
[11:10] {strider} rated X?
[11:10] {shorty} I was working on one too "Hope"
[11:10] {jfjf64} that a boy mags like ya style you hv web site maybe sign up 4 ya daily calls
[11:10] {strider} Mine is: "Abandon all hope, ye who enter here. "
[11:11] {strider} 2nd release: "What you resists, persists."
[11:12] {magoo} this is just example-what im saying is, say we go sh for loss of .50, we want to lay out cover .34, butit only gets say .44 and reverses, so we cover out loss .54 and BUY .54 and ride it up, but i cant type that I JUST CANT...EXHAUSTED typing this
[11:13] {strider} pobre magoo.
[11:13] {dino} trust me, its all magoo can do walk up the stairs
[11:13] {jfjf64} see vad it aint easy doin what ya do
[11:13] {Threei} I'll wait till you all try
[11:13] {strider} magoo needs Stairmaster.
[11:13] {magoo} thats why skype
[11:13] {Threei} oh come on
[11:13] {strider} NOOOOOOO!
[11:14] {Threei} you have no idea what a mess that would be
[11:14] {magoo} can yell at u all EASY anb enjoyable
[11:14] {Les} no thanks
[11:14] {strider} Have you heard Vad's accent?
[11:14] {magoo} GET IN...GET OUT
[11:14] {strider} And nemo's?
[11:14] {shorty} Long set BRK.A. 114330 break
[11:14] {jfjf64} lol
[11:14] {shorty} half lot
[11:14] {RonS} lol
[11:16] {strider} Besides, how would you guys say "lol" on skype?
[11:16] {larisa} he he he ?
[11:16] {Threei} rofl
[11:16] {strider} OK. Skype for larisa.
[11:17] {larisa} no :)
[11:18] {strider} why is nemo so quiet today?
[11:18] {nemo} ?
[11:18] {Threei} he is ashamed of this asylum
[11:18] {dino} in time out
[11:18] {strider} that would be you.
[11:18] {nemo} ?
[11:18] {Threei} BP
[11:18] {strider} OK. You're restricted to question marks today.
[11:18] {Threei} that was totallyt unreadable
[11:19] {nemo} ecxept that it bounced off that level twice before
[11:19] {Threei} by that l.ogic, it should have dropped off 51.20
[11:19] {nemo} ?
[11:19] {larisa} pivot and camarilla 50.83 support
[11:20] {nemo} .20 could have been a partial
[11:20] {Threei} it dropped twice of that level before?
[11:20] {nemo} oh yeah, right on the pivot
[11:20] {Threei} if you consider such criteria a readable entry, you should be consistent
[11:21] {Threei} The Goldman Sachs Group Inc Fitch revises outlook to Negative from Stable; affirms A+ ratings
[11:21] {Threei} - The Rating Outlook revision to Negative incorporates recent legal developments and ongoing regulatory challenges that could adversely impact Goldman's reputation and revenue generating capacity. Goldman's franchise and market position are potentially vulnerable to scrutiny by stakeholders, and like peers, may be affected by the industry's regulatory evolution.
[11:21] {Threei} what bs
[11:21] {dino} value added after a 40 pt drop, lol
[11:25] {Les} esi
[11:27] {dino} ctrp sm l .75
[11:30] {Threei} GRAN?
[11:30] {strider} That's my local bank
[11:30] {Threei} no news here
[11:31] {ese} still hangin in there L gild
[11:31] {ese} I just added somemore avg .45 now
[11:33] {jfjf64} vxx23 break
[11:35] {dino} y
[11:35] {dino} my stop is .245
[11:35] {dino} .24
[11:35] {Threei} SBSA?
[11:36] {strider} nothing here.
[11:37] {dino} siro
[11:37] {Threei} flyying crap
[11:37] {Threei} hyped somewhere
[11:43] {Threei} sheesh LVS
[11:43] {jfjf64} watchin
[11:43] {Threei} not my day so far, not finding anything
[11:43] {Les} out esi +.46. stopped shorting and it starts working
[11:43] {jfjf64} .13
[11:43] {jfjf64} 5 min
[11:43] {jfjf64} grrrrrrrrrrrrrrrr
[11:46] {Threei} DRIV Acquires fatfoogoo for about $10M
[11:46] {Threei} fatfoogoo?
[11:46] {Threei} for 10M?
[11:46] {Les} someone is smiling
[11:47] {Threei} all fat foogoos are
[11:47] {Les} hehe
[11:48] {jfjf64} kss
[11:48] {jfjf64} .05
[11:50] {Threei} nice one jf
[11:50] {RonS} clf gap fill and parabolic
[11:50] {jfjf64} half out
[11:52] {dino} gaps filled, next 11151, 2031, 1187 from monday
[11:52] {jfjf64} stop at .10
[11:53] {dino} fcx following
[11:53] {dino} clf
[11:54] {nemo} this market is a riot Up Down Up Down Up Down
[11:55] {Les} what a shit
[11:55] {nemo} ?
[11:55] {Les} this market
[11:55] {dino} this makets trades three days in one
[11:55] {dino} siro sm l .50
[11:56] {Threei} gosh... such strong emotions about one tough to read day
[11:56] {nemo} ?
[11:56] {Threei} haven't heard any complaints yesterday
[11:56] {nemo} I'm not complaining
[11:56] {Threei} strength of the bounce is a bit surprising, that's all
[11:56] {dino} nor i, been saying 3 days in one for a month
[11:57] {Les} no, it's my thinking that gets me into trouble
[11:57] {jfjf64} what happen yest
[11:57] {dino} open was day one, bounce day two, dday three coming
[11:57] {Les} ESI rocketing upwards should have been signal to ignore shortingt
[11:57] {Les} at the open
[11:57] {dino} yesrday -3%
[11:57] {Threei} yesterday was one of those "can do no wrong" days
[11:58] {Threei} total Midas touich
[11:58] {Threei} any trade we tried worked before we blinked
[11:58] {Les} was a good day
[11:58] {Threei} so we have up on blinking
[11:58] {Threei} gave
[11:58] {jfjf64} yest was yest today is today
[11:59] {jfjf64} lol
[11:59] {Threei} wow
[11:59] {dino} sro odd, beats and raises
[11:59] {Threei} that's real wisdom... sorry, I need to ponder that
[11:59] {dino} siro
[12:00] {jfjf64} jf has lots of wisdom
[12:00] {Threei} I get this feeling :)
[12:00] {nemo} ?
[12:00] {Threei} and nemo has a lot of questions
[12:01] {nemo} what feeling
[12:01] {nemo} ?
[12:01] {Threei} that jf has a lot of wisdom
[12:01] {dino} hey les, ctsh .65 prints
[12:01] {Threei} (GR) German Parliament budget committee reportedly backs 22.4B three-year aid package for Greece
[12:02] {Threei} will we now get riots in Germany too?
[12:02] {dino} nah, just invasion of greece when they default
[12:03] {dino} no sense of humor
[12:04] {nemo} volume very strong today
[12:04] {nemo} looks like the dip got bought
[12:04] {Les} I've blown it today dino. Why I sold CTSH just above 50 I do not know
[12:04] {dino} you made $, gj\
[12:04] {Les} nope
[12:05] {dino} ohh, 50.00 you mean
[12:05] {dino} .65 stop
[12:05] {jfjf64} lvs vad
[12:05] {dino} out +.50 ctsh
[12:05] {Les} a start with you 1st thing would have made a difference, but IB wasn't cooperating
[12:05] {Threei} I am looking at it jf... I just can't understand what it is I am looking at
[12:06] {dino} lucky start today, been struggling in a.m. lately
[12:06] {Les} was definitely buy the dip the morn
[12:06] {Threei} we are in opposite phases dino
[12:06] {shorty} double top WFC Threei?
[12:06] {dino} ctrp to .99
[12:06] {dino} usually 3i
[12:06] {jfjf64} reall wisdomm must ponder that also
[12:06] {Threei} looks like shorty
[12:07] {Threei} just hate to try again and again what doesn't work
[12:07] {Threei} and shorting sure didn't
[12:07] {nemo} see that support at 10:45 at 33
[12:07] {jfjf64} ditto
[12:07] {shorty} ok
[12:07] {Threei} look at today's trades
[12:07] {jfjf64} my biggest prob
[12:07] {Threei} bounce worked perfectly,
[12:08] {nemo} yeah, shorts got killedd
[12:08] {dino} gild to flat
[12:08] {Threei} bagged 30 cents profit, even with very early exit
[12:08] {Threei} two quite reasonably looking shorts into bounce to resistance failed
[12:09] {shorty} Got it, what worked yesterday might not work today. Adjust accordingly.
[12:09] {Threei} so far that's exactly the case
[12:09] {Threei} all bounces were sold hard yesterday
[12:10] {Threei} nothing of sorts today
[12:10] {larisa} and once you are fully adjusted, it changes again, shorty :)
[12:10] {Threei} lol
[12:10] {Threei} there is truth to it though:
[12:11] {shorty} lol
[12:11] {Threei} when certain patterns work for a while, we have consistency
[12:11] {Threei} when they change, we may have a few tough days,
[12:11] {Threei} or sometimes, being tuned in well, we get the change right,
[12:11] {Threei} as happened yesterday
[12:11] {Threei} but the greatest challenge is:
[12:11] {Threei} change from day to day
[12:12] {dino} outr ctrp +.24
[12:12] {Threei} you simply have not much signposts and/or time to re-adjust
[12:12] {Threei} fortunately it's not something that happens often or continues for long
[12:12] {Les} esi
[12:14] {dino} thats why nothing matters
[12:15] {Threei} yup... read every day to the best of your abilities, control risk, back off when not in tune, push when hot, forget about yesterday and start anew
[12:17] {Threei} this headline is somewhat ironic:
[12:17] {Threei} (EU) Goldman Sachs analysts sees fresh ECB quantitative easing as a necessity to cope with the Euro Zone peripheral debt crisis
[12:17] {Threei} - Expects Greece to restructure debt as soon as 2011.
[12:17] {Threei} - After May 19th Greece's next debt repayment is due in July, then country is in the clear until March 2011
[12:18] {Threei} I mean GS and Greece... can you say two disasters met
[12:18] {Threei} throw in BP, and it's picture perfect
[12:18] {dino} clear until march 2011? they will party like its' 1999
[12:18] {Threei} lol
[12:20] {Threei} (US) US Senator Dodd (D-CT); Expecting for Senate to vote on 'too big to fail' legislation in the early afternoon (related XLF IXG )
[12:20] {Les} that tobin tax still in the works?
[12:20] {nemo} not this year
[12:21] {Threei} Foreign investors believe that Greece will easily roll over debt on May 19th, now focusing on Spanish repayment due on May 20th and 21st.
[12:22] {dino} siro to .99
Session Close: Wed May 05 12:26:44 2010

Session Start: Wed May 05 12:26:44 2010
Session Ident: #discussions
02[12:26] * Disconnected
02[12:26] * Attempting to rejoin channel #discussions
03[12:26] * Rejoined channel #discussions
[12:27] {Threei} lost connection
[12:28] {Threei} back now
[12:28] {Threei} jf, doubleclick on my name
[12:28] {Threei} and type in the new window
[12:28] {dino} out siro ..00, +.50, thing jumps up/down like exotic dancer
[12:29] {dino} out gild .68, +.18
[12:30] {dino} feels like day 3 is starting
[12:33] {Threei} selling resumption in your eyes?
[12:34] {jfjf64} back
[12:34] {dino} pwrd
[12:34] {dino} yes 3i
[12:34] {Threei} my strong feeling too
[12:35] {jfjf64} bp
Session Close: Wed May 05 12:36:03 2010

Session Start: Wed May 05 12:36:03 2010
Session Ident: #discussions
02[12:36] * Disconnected
02[12:36] * Attempting to rejoin channel #discussions
03[12:36] * Rejoined channel #discussions
[12:36] {Threei} (GR) Greece OTOE union reportedly calls strike for May 6
[12:36] {Threei} this is so not good... what a turmoil
[12:39] {Threei} (IN) Earthquake of magnitude 6.6 hits just off coast of Sumatra (related USD/INR TAYD )
[12:39] {dino} well, then don't loan them the $
[12:39] {Threei} this planet tries to shake us off it seems
[12:40] {Threei} can you really blame it?
[12:40] {nemo} 2012
[12:40] {larisa} conspiracy of the shrimps
[12:40] {Threei} lol
[12:41] {dino} lol
[12:41] {Threei} again... can you blame them?
[12:41] {Les} good one larisa
[12:41] {Threei} two paper shorts I tracked to see if I get my read back worked like charm
[12:41] {Threei} LVS .20 break
[12:41] {Threei} and WFC .90 break
[12:42] {jfjf64} charming
[12:42] {Les} esi
[12:44] {Threei} let's see if we get bounces to short
[12:44] {jfjf64} look vxx
[12:45] {dino} intc l .00
[12:46] {dino} sm l siro .55
[12:48] {ese} ok gotta go out gild .71 +26 cya tomorow
[12:48] {Les} ciao
[12:49] {ese} vad were playing at the Fernwood Inn on Fernwood if ya want to come
[12:49] {shorty} Cya ese, have a good show.
[12:49] {ese} tks
[12:49] {nemo} what's your target on intc dino?
[12:50] {shorty} What is your target on INTC dino?
[12:50] {Threei} Fed's Plosser: Scaling back Fed supervision undermines Senate financial regulatory overhaul
[12:50] {shorty} lol
[12:50] {shorty} sorry
[12:50] {nemo} dork
[12:50] {shorty} lol
[12:51] {dino} intc .15 target
[12:56] {dino} sm l pwrd .75
[13:02] {shorty} ty dino, I took profit from INTC.
[13:03] {nemo} Qs and spy walking 200 ma
[13:08] {dino} yw shorty
[13:12] {dino} cetv
[13:13] {Threei} GS CEO: Not being distracted by the scrutiny, worst of scope are questions concerning ethics; company currently in self examination process
[13:18] {Threei} Long Setup: BP .95 break
[13:18] {Threei} if stays above .85
[13:19] {Threei} should take 52 and explode
[13:19] {Threei} hopefully not shaking us out in the process
[13:20] {nemo} last two drops were .15 an .20
[13:22] {Threei} enough dancing BP, let's go
[13:23] {magoo} in
[13:23] {nemo} oh oy
[13:23] {nemo} boy
[13:23] {Threei} take down that wall
[13:23] {nemo} they were lined up at 52
[13:24] {Threei} watch it 'xploding tru dat
[13:25] {_york1} where is the stop on BP?
[13:25] {Threei} [13:18] {Threei} if stays above .85
[13:25] {nemo} yeah
[13:25] {_york1} I see
[13:25] {dino} out intc .15, +.15
[13:25] {_york1} thanks
[13:26] {dino} out mfe .31, +.11
[13:26] {Threei} no rinsing, you oil-spilling dirtbag
[13:26] {Threei} aww
[13:27] {Threei} market pullback
[13:27] {nemo} nother stop blow thru
[13:27] {Threei} still not my day
[13:28] {magoo} i warned u yesterday :)
[13:29] {Threei} oh, if I were as smart today as some were yesterday {G}
[13:29] {magoo} keep working at it lol
[13:40] {Threei} most charts I look at are mess
[13:50] {RonS} Headline of the day via Marketwatch: Odds still favor hung U.K. parliament
[13:50] {Threei} lol
[13:51] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:52] {dino} pall
[13:52] {Threei} (GR) Greece's largest union, the General Confederation of Greek Workers (GSEE), says it will continue to oppose new austerity measures
[13:52] {Threei} but of course
[13:54] {nemo} bp db?
[13:54] {Threei} I think so
[13:54] {Threei} but market seems to ignore my thoughts
[13:55] {nemo} acting like your wife, huh?
[13:55] {Threei} if market were anything kiek her, it would get on a plane and fly across the continent from me
[13:56] {Threei} to be fair, it would leave me week's worth of cooked food
[13:57] {Threei} well
[13:57] {Threei} Long Setup: BP .30 break
[13:57] {Threei} if holding .25
[13:57] {magoo} UGH
[13:57] {Threei} if this doesn't work, I am off to monastery
[13:58] {magoo} with no booze
[13:58] {Threei} yeah
[13:58] {Threei} to ponder jf's wisdom
[13:59] {Les} I found the booze
[13:59] {Les} and wisdom
[13:59] {Les} this stinks
[13:59] {shorty} wisdom always comes after booze
[14:00] {Les} voila
[14:00] {Threei} not in my case
[14:00] {Threei} I use booze to deafen wisdom's voice
[14:00] {nemo} out
[14:00] {Threei} yeah
[14:00] {shorty} out
[14:00] {Threei} monastery it is
06[14:01] * strider slaps Threei around a bit with a large non-speciific religious icon
[14:01] {Threei} oh good
[14:01] {Threei} now I have to guess what it was
[14:01] {strider} generic
[14:01] {RonS} peyote bush...
[14:02] {strider} doesn't work with any religion.
[14:02] {shorty} Scientology is a good one.
[14:02] {strider} instead of not working with specific ones.
[14:02] {nemo} actually, that was a two way set-up....dumb
[14:03] {Threei} true
[14:03] {RonS} ...was thinkin been tracking w/ cam today and that gave it up sooner
[14:08] {RonS} ...forget that...everything got smacked
[14:13] {Threei} (FR) France PM: Speculative attack against the Euro will fail; France must preserve its highest rating in Europe (related EUR/GBP EUR/USD )
[14:13] {Threei} speculative attack eh
[14:14] {Threei} - Eurozone economy is solid; France must cut its public spending with difficult decisions necessary
[14:14] {Les} at this moment I wanted to respond like a German during Hitler's reign, but it might not be appropriate
[14:14] {Threei} I am sure it isn't
[14:14] {Les} but that French crap sounds like a propaganda minister bs
[14:15] {Threei} crap is international
[14:15] {Threei} don't assign it to any country, no one has exclusivity on it
[14:16] {dino} out pwrd +.05
[14:16] {Les} just reminds me of Europe 1930's
[14:16] {dino} out siro flat
[14:16] {dino} opps -.05
Session Close: Wed May 05 14:28:18 2010

Session Start: Wed May 05 14:28:18 2010
Session Ident: #discussions
02[14:28] * Disconnected