Monday, May 10, 2010

May 10 2010

"Can do no wrong" day - every call worked perfectly, by me ad room members. LVS short for 35 cents, then long for a scalp, F long, MOS short, VCI long, AIG long, a few more - all in all, very active and nicely profitable day.

Session Time: Mon May 10 00:00:00 2010

[08:00] {magoo} god dam gap
[08:00] {magoo} this is how mkts frustrate
[08:00] {magoo} were way due for a bounce, but now u gotta chase ridicoulous
[08:20] {Les} crap I managed to quit Friday holding 200 shares of ESI
[08:20] {Les} doofus
[08:21] {Les} wake up ya bums! :)
[08:24] {strider} .
[08:24] {nemo} ?
[08:24] {strider} !
[08:25] {nemo} crissakes...times like these you wonder how anyone can be an investor
[08:26] {strider} looks like we're in a by-god buill market.
[08:26] {strider} bull
[08:26] {nemo} yeah Bernanke East
[08:27] {nemo} Europes doing it's own quantitative easing which mens liquidity which means bull
[08:27] {strider} whatever. Just so long as it's readable.
[08:28] {nemo} well with this massive jump the first hour is likely to be crazy, and then not much to act on
[08:29] {strider} GS up $5
[08:29] {nemo} everything is up huge
[08:29] {strider} BP not.
[08:29] {strider} up a buck, coming back down.
[08:29] {nemo} yeah...understandable $ down huge
[08:30] {magoo} remember, some folks want OUT on this pop after last week
[08:30] {magoo} and trend has changed, bear is back
[08:31] {nemo} yeah, probably, but Europe just committed to a quantitative easing program bigger than what the US intitiated
[08:32] {Threei} because sucide is such a fun thing to do in a company, right?
[08:32] {magoo} HUH?
[08:32] {nemo} you mean among friends
[08:32] {nemo} Yeah, this just kicks the can
[08:32] {nemo} down the road
[08:32] {strider} short BP .56
[08:32] {Threei} well, market doesn't care about what happens in 5 years
[08:33] {Les} nor do politicians
[08:33] {magoo} vads, any news F?
[08:33] {magoo} also check BAC please
[08:33] {Threei} troubles are preven ted from hitting immediately, money'sa coing in the market - let's go up... in 5 years we will tarde differenbt marketr
[08:34] {Les} sounds good from daytrading perspective
[08:34] {Threei} nothing on either
[08:34] {Les} not sure about mum and pop
[08:34] {magoo} they r good type 1
[08:34] {Threei} why do you ask about those two inb particular, I don't see aything special there
[08:35] {strider} out .42
[08:35] {magoo} ah graasshoppwer
[08:35] {magoo} but u will
[08:35] {strider} way too soon.
[08:37] {Threei} a bit, yeah
[08:37] {Threei} why not partial?
[08:37] {magoo} aussie bob trimbolie?
[08:37] {strider} should have.
[08:37] {Threei} that was a good setup
[08:37] {Threei} and BP's hweadlines are godawful
[08:37] {strider} I know.
[08:38] {strider} Do-over!
[08:38] {magoo} see F vad, i took 05 big
[08:38] {magoo} scalp out
[08:38] {magoo} nice trade
[08:39] {Threei} I have nothing left to say, you said it all yourself
[08:41] {Threei} German Chancellor Angela Merkel says this action was necessary to fight a Euro short selling syndicate. "The eurozone's member states showed yesterday that we have a common political will to do everything for the stability of our common currency," she said. "This is a determined and united message to those who think that they can weaken Europe."
[08:41] {Threei} oh boy...
[08:42] {Threei} world is so full of idiots these days, I hinestly think they multiply with triple speed vs, let's say 10 years ago
[08:42] {Les} well after her refusal to bail out Greece, she needs to make some crap excuse for spending her taxpayers money
[08:44] {Threei} hard to be,ieve anyone can seriously think it's a battle against shorting sindycate
[08:47] {Les} yeh, gotta ask how many times they can use that lame excuse before public tires of it
[08:52] {dptl} good morning
[08:58] {ese} morning.....
[08:59] {ese} talk about your wild ride with the futures quote
[08:59] {Threei} dp, ese :)
[08:59] {ese} up 400pts at one seen that
[08:59] {Threei} lol
[08:59] {ese} hey vad
[08:59] {Threei} remember Fri:
[08:59] {Threei} "who would want to be long into this weekend"
[09:00] {Les} this drunk idiot that didn't close his long trade before quitting
[09:01] {dino} gm all, inflate it away
[09:01] {ese} Casino Royal
[09:02] {strider} gm all
[09:02] {ese} ST
[09:04] {strider} ese:)
[09:04] {dino} tlt taking a beating
[09:07] {Threei} dino, strider
[09:07] {strider} :)
[09:10] {Threei} ok, I am planless
[09:10] {Threei} the only thing I can think of is:
[09:10] {dino} going to leave one heck of a gap in charts
[09:10] {Threei} skip first hectic minutes, then start looking for short setups
[09:11] {dino} also, above 11151, 2031 gaps; 5/3
[09:26] {_stewy} good morning, Vad
[09:26] {jfjf64} mornin boys
[09:26] {shorty} good morning
[09:26] {Threei} morning stewy
[09:27] {Threei} jf, shorty
[09:27] {_stewy} thanks for the trial
[09:27] {RonS} gm all...
[09:27] {Threei} sure thing
[09:27] {lasertrev} gm
[09:27] {Threei} hope market is orderly enough to find something worthy
[09:27] {Threei} Ron, trev :)
[09:27] {Les} fas
[09:28] {Threei} BP is one of short candidates
[09:29] {Les} jeeezuz
[09:29] {Threei} sudfdenly found religion this morning Les?
[09:29] {Les} in financials, yes
[09:31] {Threei} F sharp pullback
[09:34] {strider} GS pullback
[09:35] {strider} more
[09:35] {strider} big m ore
[09:35] {Threei} Short Setup: WFC .60 break
[09:35] {Threei} stop above .70
[09:36] {Threei} grr, too fast
[09:36] {Threei} let's let it bounce
[09:36] {Threei} OK
[09:36] {Threei} same setup
[09:36] {Threei} if stays below .70
[09:36] {Threei} invalidated
[09:37] {magoo} l .70
[09:38] {magoo} out
[09:38] {strider} BP spike
[09:39] {Threei} Short Setup: LVS .40 break
[09:40] {Threei} stop above .50 for scalpers, .55 for day traders
[09:42] {dino} watch pin action start
[09:44] {Threei} ok market, time to acknowledge gravity
[09:48] {Threei} my stop is above .50 for LVS, but on a profit side not a scalp for me if works
[09:48] {Threei} capable of much more
[09:48] {Threei} EU's Bolwes: EU hedge fund vote delayed to May 17, as EU parliament needs added time for revisions
[09:50] {Threei} so far so good, lower highs
[09:50] {Threei} LVS 1:1
[09:50] {Threei} half out
[09:51] {Threei} stop to above .45
[09:51] {Threei} textbook trailing would have been .40 but I want to give it just a tad more room in this volatile environment
[09:51] {Threei} 1:2, 1/4 more out
[09:52] {Threei} stop to breakeven
[09:52] {shorty} ty Threei
[09:52] {Threei} welcome sir
[09:53] {jfjf64} nice nice
[09:53] {Threei} does it mean you played double lot?
[09:53] {Threei} 1:3
[09:53] {Threei} out in full
[09:53] {Threei} .05
[09:53] {jfjf64} yes yes
[09:53] {Threei} lol
[09:53] {Threei} +.35
[09:53] {jfjf64} ty
[09:54] {jfjf64} ty
[09:54] {Threei} gravity does exist
[09:55] {Threei} XOM CEO: Reiterates support for carbon tax rather than cap and trade mechanism - CNBC
[09:55] {Threei} sheep
[09:57] {magoo} can lvs lose 23 vad?
[09:58] {Threei} if market continues down
[09:58] {Threei} and market is at the fork right now
[09:58] {Threei} can chose any direction with equal odds
[09:58] {Threei} so I am on sideline, letting it show its hand
[09:58] {Threei} see?
[09:58] {strider} BP spike
[09:58] {dino} elx l .00
[10:00] {Threei} hmmm
[10:00] {Threei} strange
[10:01] {Threei} market sharp dive but LVS stayed up there
[10:01] {Threei} starting to think about long on it
[10:01] {magoo} dunno, lvs treacherous
[10:01] {Threei} what isn;'t? :)
[10:02] {Threei} Long Setup: LVS .20 break if stays above .10
[10:02] {Threei} big offer at .20 too
[10:04] {Threei} let's modify it
[10:04] {Threei} .10 break
[10:04] {Threei} stop under 23
[10:05] {Threei} needs a little market help but overall, looks ready for bounce to me
[10:05] {magoo} in
[10:06] {Threei} half ou or scap near .20 decide for yorselft
[10:06] {Threei} hard to tell
[10:06] {strider} out +.09 LVS
[10:06] {Threei} half for me
[10:06] {Threei} stop to under b/e
[10:06] {shorty} ty THreei, again
[10:06] {Threei} scalpers win this tiome
[10:07] {Threei} welcome
[10:08] {Threei} Long Setup: F .25
[10:08] {Threei} if stays above .20 for scalpers, .15 for day traders
[10:08] {magoo} in
[10:08] {nemo} tie
[10:08] {Threei} EUR/USD Euro continues to retrace from earlier session highs; Moves back below 1.2850 level
[10:10] {Threei} F1:1 for scalpers
[10:10] {strider} out 1/2
[10:11] {shorty} out 1:1 ty
[10:11] {Threei} 1:1 for day traders
[10:11] {Threei} can I go home?
[10:11] {shorty} no, I am not done
[10:11] {RonS} bp running for some reason...
[10:11] {Threei} and I have to suffer?
06[10:12] * strider slaps Threei around a bit with a large cardboard cutout of his wife
[10:12] {shorty} lol
[10:12] {Threei} no news BP
[10:12] {Threei} lol
[10:12] {Threei} anyone here lives in NJ?
[10:12] {Threei} (US) New Jersey democratic legislators reportedly introduce millionaire tax (related MUNIS )
[10:13] {RonS} that living?
[10:13] {Threei} ok... resides
[10:13] {dino} bwld sm l .96
[10:14] {dino} they are all moving to pennsylvania
[10:17] {strider} long ELX .99
[10:20] {RonS} euro spoiling this party...needs to stabilize and bounce for market to extend gain
[10:27] {RonS} 3i, do you see a MOS short entry?
[10:28] {Threei} .15 break...
[10:28] {Threei} kind of 51/49
[10:28] {RonS} txs
[10:35] {Threei} a bit strange spot here
[10:36] {Threei} market feels like down to me still,
[10:36] {Threei} but I see no setups to utilize
[10:36] {strider} BP
[10:36] {Threei} and these little jumps up and down thow the read off
[10:37] {Threei} looking at it strider
[10:37] {Threei} hoestly, more feels like reversing
[10:37] {Threei} both setups are valid:
[10:37] {Threei} .40 break for short
[10:37] {Threei} and .50 break for long
[10:38] {Threei} but I'd rather go for .50 and long
[10:38] {Threei} even now as it drops, I don't like it
[10:38] {Threei} wouldn't short that .40
[10:39] {Threei} acrually, .40 break
[10:39] {Threei} as long
[10:39] {Threei} I am getting inyerested
[10:40] {Threei} a bit late eh
[10:40] {Threei} thinking to slow today
[10:40] {Threei} too
[10:40] {Threei} anyone was faster on their feet than I was?
[10:41] {Les} huh?
[10:41] {Threei} sigh... never mind
[10:41] {Les} just kidding. been trying to get IB on the line for account closure
[10:41] {Threei} struder, agree that short was not the way to go?
[10:41] {Threei} my gut was right
[10:42] {strider} I'm still thinking it is short. not in.
[10:42] {strider} lower high
[10:42] {Threei} down the road, on new setup, could be
[10:44] {Les} out ESI +1.07 from Friday. that was a mistake holding, but happily finished ok
[10:44] {dino} vxx l .25
06[10:44] * Threei slaps Les around a bit with a large neon CASINO sign
[10:45] {Les} yeh yeh
[10:45] {strider} out ELX .90 -.09
[10:46] {dino} out vxx .37, +.12
[10:50] {Les} little bounce in foreign banks. CS short?
[10:52] {Les} CS bouncing off 100ma here
[10:54] {Les} s CS .22 half
[10:54] {Threei} (US) Fed's Plosser: Europe has severe challenges, new EU package may alleviate concerns - CNBC interview
[10:54] {Threei} - Major concern of the US prompting reopening of swap lines was contagion. Unclear whether package will be enough to halt contagion.
[10:54] {Threei} - Plosser's outlook on US economy is "still pretty upbeat," recovery is becoming more broad based, believes job market has turned.
[10:56] {strider} BP struggling at .30
[10:56] {dptl} itmn?
[10:57] {ese} hows it goin.....had to go get blood work done....nice one with esi les
[10:57] {shorty} Morning ese
[10:57] {shorty} Good calls by Threei this morning.
[10:57] {Threei} not sure dp
[10:58] {Threei} ITMN is a wounded antelope
[10:58] {dptl} got long .62
[10:58] {ese} hey shorty
[10:58] {Threei} something happens with its FDA troubles, it will be a big mover
[10:58] {dptl} stop under .50
[10:58] {Threei} nothing haooens - it will sit there, making slow waves with the market, sometimes moving on rumors
[10:59] {Les} thanks ese, ain't normally done like that though. who'd of thought the EU'd be pulling $1T out of its pocket Sunday?
[10:59] {Threei} I am sorry... "ITS" pocket??
[10:59] {Les} or out of our pockets
[10:59] {Les} I stand corrected
[10:59] {Threei} it's your pocket :)
[10:59] {Les} yeh, wondering how much CS and UBS are ponying up
[10:59] {Threei} and fern's
[11:00] {Threei} and KS's
[11:00] {Threei} and a bit of ours
[11:00] {Les} vad CS .40 break?
[11:00] {Les} cs stopped
[11:01] {Threei} sorry, I didn't even understand what you mean on it
[11:05] {dino} idsa
[11:06] {Threei} market feels like cotton wool
[11:06] {nemo} ?
[11:06] {Threei} no spring in the step
[11:06] {Threei} wobble
[11:06] {strider} Is that a special kind of russian sheep?
[11:06] {Threei} never saw one up close
[11:07] {nemo} well it sprung pretty good out of the gate, so for it to meander is pretty normal
[11:07] {shorty} ZION Threei
[11:07] {strider} BP trying to lose 49
[11:08] {Threei} I am impartial in that conflict shorty
[11:10] {dino} idsa sm l .80
[11:10] {strider} cover BP +.51
[11:10] {strider} at .90
[11:10] {Threei} wtg
[11:10] {dino} gj strider
[11:10] {strider} thanks
[11:10] {Threei} did better job at reading it than I
[11:11] {shorty} Nice
[11:13] {dino} these big gap up days aren't my thing
[11:13] {Threei} and this one is not a "big"
[11:13] {Threei} this one is "humongous"
[11:13] {dino} idsa getting wide
[11:14] {Threei} market looks heavy to me
[11:15] {Threei}
[11:19] {shorty} I like those pictures Threei.
[11:19] {Threei} ty
[11:19] {Threei} {--- living in paradise and misses no chance to show off
[11:20] {shorty} Do you do any fishing on the cost Threei?
[11:20] {Threei} no, dp does for both of us
06[11:20] * Threei slaps dptl around a bit with a large wild sockeye salmon
[11:20] {shorty} Lucky
[11:20] {Threei} I do crabbing and shrimping though
[11:22] {Threei} no read on anything
[11:22] {Threei} waiting
[11:22] {shorty} When my parents were young they use to pick up lobster traps that washed up on the beach after a big storm.
[11:22] {Les} thanks for weekend reading vad
[11:22] {dptl} :)
[11:23] {Threei} I am a master of provoking hatemail, les
[11:23] {Les} saw vid on HFT and ignored it myself. good to read serious material helping understanding
[11:23] {shorty} Why would you get hatemail THreei
[11:23] {Threei} I have this idiotic manner of debunking some of popular conspiracy theories, shorty
[11:24] {shorty} lol
[11:24] {dino} bwld stopped
[11:24] {Threei} this weekend I got myself into fight with HFT haters
[11:25] {RonS} ...he jumped into the dark pool...:)
[11:25] {shorty} What is HFT?
[11:25] {Threei} all of whom invariably are in love with
[11:25] {Threei} high frequency trading
[11:25] {Threei} algorithmic trading by large firms
[11:25] {Threei} exploiting inefficiencies measured in milliseconds
[11:25] {strider} al gore has no rhythm.
[11:26] {Threei} rofl
[11:26] {Threei} as a notoriously bad stand-uo ceomedian, I am not sure by laugh means much stridere
[11:26] {Threei} but I liked it
[11:26] {Threei} by = my
[11:26] {shorty} Ahhh... Long term investors seem to hate me because I am trying to day trade.
[11:26] {strider} thank you, thank you very much.
[11:27] {strider} want me to say it agian?
[11:27] {strider} again
[11:27] {strider} It's even funnier the second time.
[11:27] {Threei} no doubt
[11:27] {Threei} especially for guraffes
[11:27] {strider} I'll wait.
[11:27] {Threei} girraffess
[11:27] {strider} catch you off guard.
[11:28] {shorty} What about those offers on BP Threei?
[11:29] {Threei} ?
[11:29] {Threei} what offers?
[11:29] {shorty} 49.29
[11:29] {Threei} gosh
[11:29] {shorty} Look like a reversal?
[11:29] {Threei} we are good 10 cents away from there
[11:30] {shorty} ok'
[11:30] {Threei} looks like shapeless mess to me
[11:32] {Threei} looks bounce ready now
[11:34] {Threei} anyone who hasn't had Monday dose of idiocy yet, read this:
[11:34] {Threei} ECB's Nowotny: Market reaction proves EU took the right steps, package is a major strike against speculation
[11:34] {Threei} BP looks ripe for taking profit if you went for bounce
[11:35] {shorty} shoulda, coulda, woulda, but didn't
[11:35] {Threei} that was perfect timing
[11:35] {Threei} no official call though
[11:39] {dino} always the speculators, never the politicians and spending
[11:39] {Threei} no
[11:41] {Threei} it's like this: good caring governments guaranteeing loans, bad banks doing predatory loaning and innocent customers trustingly borrowing beyond means of repayment
[11:50] {Threei} ummm
[11:50] {Threei} VCI
[11:50] {Threei} nice breakout chart, but very thin
[11:50] {magoo} look at ENCO vad
[11:51] {Threei} weirdo
[11:51] {Threei} reported hotrible earnings
[11:52] {Threei} some new orders
[11:52] {Threei} shrug
[11:52] {Threei} Long Setup: VCI 34 break half lot if stays above .85
[11:52] {Threei} half lot!
[11:53] {Threei} I am serious mags, this one can hurt badly
[11:53] {magoo} GS dying here
[11:53] {shorty} lol
[11:53] {Threei} 1:1
[11:53] {Threei} lol
[11:54] {Threei} 1:2
[12:09] {Threei} everyone's asleep?
[12:09] {magoo} no
[12:10] {shorty} not yet
[12:10] {Threei} wanted to offer a play for your attention
[12:10] {Threei} but afraid to wake you up
[12:10] {shorty} VCI was probably your best call Threei.
[12:11] {Threei} Long Setup: AIG 41 break half lot
[12:11] {Threei} if stays above .90
[12:13] {magoo} in
[12:15] {magoo} dont rinse
[12:15] {Threei} NVAX Hearing Roth Capital making positive comments
[12:15] {Threei} why not wait for break? 41 is solid chart resistance
[12:16] {dptl} what stock?
[12:16] {Threei} AIG
[12:16] {dptl} ty
[12:17] {magoo} looked good to go
[12:21] {ese} in aig .02
[12:21] {Threei} NVAX Hearing Roth Capital making positive comments, price target raised to $8 (timing uncertain)
[12:21] {Threei} 8?
[12:21] {Threei} really?
[12:22] {magoo} no one believes?
[12:23] {Threei} some did but sold at 2.70 {G}
[12:23] {Threei} DISH CEO: A strong Dish Netork is good for Tivo, makes sense to work together with Tivo - conf call comments (21.88, +0.58, 2.72%) (related TIVO )
[12:27] {ese} wann see aig make a move here or i'm out
[12:29] {Threei} it crawls up against the market
[12:29] {ese} thank you ......out aig .12
[12:29] {Threei} welcome
[12:29] {ese} +.10
[12:29] {dino} idsa out .13, +1.33
[12:29] {ese} tks vad
[12:29] {ese} nice dino
[12:29] {dino} thx
[12:30] {ese} ouuuuu interesting dn tick aig
[12:30] {Threei} very
[12:32] {dino} fire l .50
[12:32] {RonS} out mos +.65
[12:33] {dino} gj
[12:33] {Threei} beautiful
[12:33] {RonS} thx
[12:45] {dptl} lvs .20 short?
[12:46] {Threei} not sure
[12:46] {Threei} kind of:
[12:47] {Threei} if market drops sharply and LVS gives a little delay for entry, yes
[12:47] {Threei} otherwise, 50/50
[12:47] {dptl} ty
[12:49] {Threei} where are all the girls today?
[12:49] {Les} I'm here
[12:49] {shorty} Maybe mother's day hangover?
[12:50] {Threei} lol
06[12:50] * Threei pictures all girls drinking vodka right from the bottles on Mothers day, kids applauding
[12:51] {Les} kids laughing and iphoning images to friends just as likely...
[12:51] {shorty} lol
[12:51] {Les} BP .75 b/d?
[12:52] {dino} out fire +.12
[12:52] {dino} lol, dino was picturing belly shots
[12:53] {Threei} probably Les
[12:57] {Threei} BP should be good for more than scalp
[13:01] {Threei} LVS 1:1
[13:02] {Les} finnies cracking
[13:02] {Threei} BP 1:1
[13:02] {Threei} beautiful trading today guys
[13:05] {dptl} didn't take lvs...took cat instead
[13:05] {Threei} whatever... worked just as well
[13:05] {dptl} :)
[13:05] {Threei} but since I have no camera installed in your office, not am I a mind-reader, I had to commend you on the pick you announced
[13:06] {Threei} not = nor
[13:06] {dptl} i kinda hesitated on lvs....still thinking to mach ,lol
[13:07] {dptl} to much
[13:07] {Threei} well, sooner or later headaches and migranes directly linked to thinking will get to yopu
[13:07] {Threei} look at me... ni thinking at all
[13:07] {Threei} ask me at any moment what I am thinking about
[13:08] {Threei} and answer always will be "nothing"
[13:08] {Threei} BP 1:1
[13:08] {shorty} out BP thx Les
[13:08] {Threei} I want to see how this week plays out of course, but so far my working scenario is that this EU "salvation" will eventually be ignored by the market, and down we go
[13:09] {Les} what?
[13:09] {Les} the speculators win?
[13:09] {Threei} damn them
[13:09] {Threei} but yeah
[13:09] {Threei} shoot them, poison them, burn them on the stakes - they always win...
[13:10] {RonS} viva le Inquisition!
[13:10] {shorty} I hate speculators. No Threei, do it the French way. Burn them while they are sleeping.
[13:11] {Threei} ok, even with girls not being here I am not touching this one
[13:11] {RonS} euro 1.2815 was support, let's see if it is resistance for direction...
[13:13] {shorty} A bit over the top, sorry.
[13:14] {RonS} ?
[13:14] {RonS} euro new lod
[13:15] {Threei} BP over 1:2
[13:15] {Les} and out ty
[13:15] {RonS} gs looking to go neg
[13:15] {Les} some bounce hunting coming
[13:16] {Threei} BP 1:3, over and oput
[13:17] {Threei} very nice spot Les
[13:17] {Threei} now if you tell me you skipped it but took GS instead, I will throw something at you
[13:17] {nemo} virtually of course
[13:17] {Threei} one dp is quite enough
[13:17] {RonS}, cat...
[13:17] {Threei} of course
[13:18] {Threei} lol Ron
[13:23] {nemo} l cat .85
[13:29] {nemo} ick the frickin cat!
[13:29] {nemo} kick
[13:30] {Threei} scary idea
[13:30] {Threei} give me a few, I'll show you why
[13:30] {nemo} 1/2 out
[13:32] {Threei} nice
[13:35] {nemo} stop is .90
[13:36] {RonS} ...euro dancing w/ 1.2815 and edging higher...
[13:36] {Threei}
[13:36] {RonS} live fx ticker at
[13:36] {Threei} (US) Fed's Kocherlakota: Banks must be taxed in a way that helps to limit risk; no way to eliminate bailouts
[13:36] {Threei} - a bailout tax can help deal with 'too big to fail' issue
[13:37] {Threei} click to enlarge and look in his eyes
[13:37] {nemo} really, how does a tax limit system risk
[13:37] {dino} really, lol, we tell you up front you are too big to fail
[13:38] {RonS} cat are kinda spooky, but not as weird as a minx
[13:40] {nemo} stopped cat
[13:40] {nemo} good thing
[13:43] {magoo} GS crushed
[13:43] {RonS} euro re-broaches 1.28...resistance held...
[13:48] {RonS} tape has just lowed to a crawl...does anyone else see something similar?...
[13:48] {Threei} on what?
[13:48] {RonS} lowed=slowed
[13:49] {RonS} on whatever ever you have to see market volume...
[13:49] {Threei} seems same
[13:49] {Threei} no changes vs, let;;s say 10 min ago
[13:50] {RonS} ok...i get nervous with a slow market...seems to presage a big move...
[13:50] {Threei} sometimes, yes
[13:57] {Threei} GS...
[13:57] {Threei} SEC and various exchanges have agreed on a 'structural framework' to deal with circuit breakers and 'erroneous' transactions
[13:57] {Threei} - SEC: "This morning, SEC Chairman Mary Schapiro had a constructive meeting with the leaders of six exchanges the New York Stock Exchange, NASDAQ, BATS, Direct Edge, ISE and CBOE and the Financial Industry Regulatory Authority to discuss the causes of Thursday's market events, the potential contributing factors, and possible market reforms.
[13:57] {Threei} "As a first step, the parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades."
[13:58] {Threei} Senators Levin and Merkeley introduce amendment barring banks from betting against their clients
[13:58] {Threei} lol
[13:58] {Threei} imbeciles
[13:58] {Threei} how the hell does bank sells something to a client not betting against it?
[13:59] {RonS} ...when someone buys any insurance is not the insurance co betting against the customer?
[14:00] {shorty} Good point RonS
[14:00] {RonS} jef l .90
[14:00] {Threei} of course
[14:03] {Les} like I said Vad, I would like access to all these soundbites one day. great material for a book.
[14:03] {Les} pretty please
[14:04] {Les} bp
[14:06] {Threei} which soundbites?
[14:06] {Les} idiots
[14:06] {Les} SEC
[14:06] {Les} politicians
[14:06] {Les} talking heads
[14:06] {Les} this stuff'll sell as a comedy
[14:06] {Threei} you lost me
[14:07] {Threei} what do I have to do with it?
[14:07] {Les} you've got the archives
[14:07] {Threei} you do too
[14:07] {Threei}
[14:07] {Les} how far can we go back?
[14:08] {Threei} 2007
[14:08] {dino} sm l bwld .25
[14:08] {jmb} 3
[14:08] {Threei} wooohoo
[14:08] {nemo} look at offer at .30 dino
[14:09] {Threei} Les, you just got a new one for your future collection
[14:09] {Threei} French Fin Min Lagarde: Credibility of the euro has been restored
[14:09] {Threei} just like that
[14:09] {Les} lol
[14:09] {Threei} overnight
[14:10] {Les} this is the woman that told France to stop thinking, in order to get the economy in order
[14:10] {Threei} how?
[14:11] {Les} France has reputation of thinkers, talkers - philosophy and discussion is revered. she said 'stop it'
[14:12] {Threei} well, judgung by that headline she clearly leads by example
[14:12] {dino} see it, no worries
[14:12] {Les} she returned to France from board of US company. guess she learnt the 'American way'
[14:13] {Les} mind you, it seems to be French way, English way etc etc today
[14:13] {dino} chewing it up
[14:13] {Les} thinking not required
[14:13] {nemo} digesting now
[14:13] {Les} lol dino, forgot the .30 break blabbering...
[14:14] {Threei} no seriously
[14:14] {Threei} Earlier today the WSJ reported Levin was drafting legislation to prevent conflicts of interest by prohibiting companies from taking the opposite side of the deal for their own account, at least when they are marketing investments they have created themselves
[14:14] {Threei} how is it possible?
[14:15] {Les} no more deals... problem fixed
[14:16] {Les} Swedish finance minister Anders Borg says it is a case of keeping the wolves from the door. "We now see herd behaviours in the markets that are really pack behaviours, wolf-pack behaviours," he said. "And if we will not stop these packs, they will tear - even if it's self-inflicted weakness - they will tear the weaker countries apart."
[14:16] {dino} just wait until they come up w/idea that markets are not allowed to drop
[14:17] {Les} it does not merit asking why country is weak of course
[14:18] {Threei} I swear my grandfather was right, I was just too young and stupid to understand that...
[14:18] {Threei} he was confident the stupidity in the world is too gereat of a force to allow the humanity to survive
[14:18] {shorty} lol
[14:19] {RonS} continue the diatribe of theonslaught of freedom: Obama said this seekend that the media was getting in the way of democracy
[14:20] {Threei} I missed that
[14:20] {Les} media, or multi media?
[14:20] {dino} he's an idiot
[14:20] {Threei} but well... sounds about right
[14:20] {Les} heard him bitching about ipods and playstations
[14:20] {RonS} ...that was so last week...
[14:20] {Les} haha
[14:21] {Les} I obviously don't keep up with the guru's teachings
[14:21] {RonS} ... the guy really is just a Chicago thug...
[14:22] {Threei} I wanted to object, just because I always do... but then realized I have no single argument
[14:22] {RonS} tough to find one unless you are part of the choir...
[14:29] {RonS} stopped jef -.10
[14:32] {ese} noooooo....i've been on the phone most of the just watching
[14:32] {Threei} didn't think you were so chatty ese
[14:32] {ese} bad time of the year for high school teachers.......way to busy..
[14:33] {ese} only time i can relax is at your shiskabob barbecue in the summer
[14:33] {Threei} soon
[14:34] {shorty} Can't wait to crash that party ese.
[14:34] {ese} no schedules/concerts/talking to booking agents etc etc etc to worry about
[14:34] {Threei} you'll have to pass dp test shorty
[14:34] {shorty} :O I can't fight.
[14:34] {Threei} 3 glasses of vodka in 30 min, 200 g each
[14:34] {ese} it's a don't miss shorty.......vad is genius with shiskabob
[14:34] {shorty} I tried it once, and it was bad.
[14:35] {Les} party at Vad's? How do I crash that?
[14:35] {ese} douse his with vodka if you like ....but it's not necessary
[14:35] {shorty} Buy a plane ticket to Vancouver, then get on a kayak a paddle to Victoria.
[14:36] {ese} could be the whole board there this time vad
[14:36] {Threei} I am not coming then
[14:36] {shorty} Just leave the fridge full of food Theei.
[14:37] {Threei} but ese.. patience will have a lot of stories from her trip
[14:37] {shorty} Out + 20 .49 BWLD Thank you dino
[14:37] {ese} ahhhhhhh yes.......and slike show to boot maybe
[14:37] {ese} slide
[14:38] {dino} gj shorty
[14:38] {shorty} Thanks to you. :)
[14:39] {shorty} If I do that Threei, I would die. 3 glasses 200 g 30 min.
[14:40] {dino} how many oz. are 200 g
[14:40] {Threei} almost 7
[14:40] {Les} out .45 +.15 ty dino
[14:40] {dino} hmmmm, now if it was tequilla, no problem mon
[14:40] {shorty} 7 ounces.
[14:41] {dino} drank quite a bit absolut citron at neighbors sat. night
[14:41] {Les} that's half a bottle of whisky. Is dp really alive or just a trading algorithm?
[14:41] {Les} nice spike blwd
[14:42] {Les} bwld
[14:42] {shorty} Got to go everyone. Thanks everyone.
[14:42] {dino} yeah, got lucky
[14:42] {Les} ciao
[14:42] {dino} cua shorty
[14:42] {Threei} take care shorty
[14:43] {Threei} Les that depends
[14:43] {Threei} when he is sober, he is just a trading algorithm
[14:43] {Threei} but when you pour third glasss for him, he comes really aloive
[14:43] {dptl} lol
[14:43] {Les} hmmm I imagine Ford and GM would be interested to study him...
[14:44] {Threei} they are
[14:44] {Les} seems dp runs well on biofuel
[14:44] {Threei} but they can't catch him sober
[14:44] {dino} lol
[14:45] {Les} Nemo, you here?
[14:45] {Threei} and if you think this bunch gathering every year for the party at my backyard was not weird enough get this:
[14:45] {Threei} ese takes his coffee via hypodermic needle
[14:46] {Les} sure that's not cocaine mixed in with it?
[14:49] {dino} fire l .44
[14:50] {Threei} (US) US Senator Durbin (D): Will provide an amendment to the credit card interchange fee legislation this week
[14:50] {Threei} - Note: US Senator Leahy (D-VT) proposed backing legislation that would curb interchange fees to limit the ability of credit card industry to charge merchants small fees on each transaction.
[14:50] {Threei} only large fees will be allowed I take it?
[14:55] {Threei} quite amazing... Euro lost almost all its gain
[14:55] {Threei} wolfpack just won't let go eh?
[14:57] {dino} bwld stop to .65
[14:57] {dino} "the wolf is always at the door" don henley
[14:58] {dino} to .70
[14:58] {strider} When I awoke, the dire wolf, 600 lbs. of sin...was standing at my window, all I said was 'come on in.' --the Dead
[14:59] {dino} out bwld +.45
[15:01] {Threei} I am impresed with trades today
[15:01] {Threei} you guys kill it
[15:02] {dino} ahh yes, "live in sin, c'mon in"
[15:02] {dino} 3i, just started "the stand" by king
[15:02] {Threei} that's a big book
[15:02] {Threei} but what's our hurry
[15:03] {Threei} dark towers were even bigger and you chewed your way through them :)
[15:04] {dino} that took months
[15:04] {dino} friend of mine said "it' was a good read too
[15:05] {Threei} yup
[15:05] {Threei} actually almost all by him is good, he is very consistent
[15:05] {Les} damn brought back memories of high school. Always reading sci-fi/fantasy during school time
[15:05] {Threei} I could name probably just couple not up to par
[15:06] {Les} I am trying to remember my preferred sci-fantasy, along lines of dark tower
[15:07] {Threei} end of day should bring some direction finally
[15:08] {Les} here it is:
[15:08] {Les}
[15:08] {Les} loved this series
[15:09] {Les} must be twenty years now since I read it...
[15:10] {dino} john jakes north and south trilogy was good read
[15:17] {Les} stopped fire -.05. can't borrow
[15:21] {dino} lod stop for me
[15:28] {dino} bwld drop
[15:28] {Threei} 79% Worry Europes Economic Crisis Will Cause Problems for U.S.
[15:28] {Threei} duh
[15:29] {Les} l cs .91 stop lod
[15:37] {dino} out pire -.14
[15:38] {dino} gotaa hop, son's baseball
[15:38] {RonS} cya dino
[15:38] {Les} ciao
[15:38] {Threei} take care dino
[15:39] {dino} thx
[15:45] {dptl} good evening all
[15:45] {Les} ciao dp
[15:47] {Threei} take care dp
[15:47] {Threei} not much movemetn at the end of day
[15:47] {Les} out CS +.15 cutting it a bit close
[15:47] {Les} c u's tomorrow
[15:47] {Threei} okay guys, thank you all, have a good evening
[15:47] {Threei} see you tomnorrow
[15:48] {nemo} c u