Tuesday, May 11, 2010

May 11 2010

Somewhat frustrating day - we did fine profit wise, but the potential was much larger if only we recognized "slow grind up" day in time. Been awhile since we had that, so it kind of caught me off guard today. A few scalps, couple smallish stops and most noticeable trade was a nice DNDN short, classic breakdown setup

Session Time: Tue May 11 00:00:00 2010

[07:46] {magoo} morning
[08:34] {nemo} AWIAV?
[08:34] {Les} bed, most likely for vad
[08:43] {Threei} sigh
[08:44] {Threei} wo, I see wolfpack wins
[08:50] {Threei} FITB Seeing sluggish demand for loans - UBS conference slides (14.38, 0.00, 0.00%)
[08:51] {Threei} rweally? weren't we told loans are needed badsly but dfamn banks just won't loan?
[08:53] {nemo} crissakes, there's only room for one animated character in this room
[08:54] {Threei} whatcha talking 'bout?
[08:54] {nemo} _stewy
[08:54] {Threei} ummm... wrong spelling... that would have to be stewie
[08:54] {Threei} so you are safe :)
[08:56] {Threei} DSTI Announces reverse stock split
[08:56] {Threei} - previously announced that its Board of Directors has approved a 1-for-9 reverse split
[08:56] {Threei} The reverse stock split will be effective at 6:00 pm, Eastern Time, on May 11, 2010. DayStar's common stock will begin trading on NASDAQ on a split adjusted basis when the market opens on May 12, 2010, under the temporary trading symbol "DSTID."
[08:57] {Threei} this one won't be AIG, I bet
[08:57] {Threei} this will be kiss of death
[08:58] {Les} cool, something to play with.
[08:58] {Les} Nemo have identity crisis?
[08:58] {Les} or needs reaffirmation of his importance here?
[08:59] {nemo} markin' territory
[08:59] {Les} I dunno
[08:59] {Les} you been sliding lately
[08:59] {Les} very quiet
[08:59] {nemo} issues
[09:00] {nemo} dcc les
[09:00] {dptl} good morning
[09:00] {nemo} dp
[09:01] {Threei} dp :)
[09:11] {Threei} (EU) ECB's Draghi: No alternative to Euro area budget consolidation
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:13] {Threei} US) Fed's Lacker: Should not wait too long to raise rates, economic recovery gaining momentum
[09:13] {Threei} - Expects real estate and construction sector to remain weak in near term.
[09:13] {Threei} - Latest GDP figures indicate a sustainable recovery, decline in unemployment will take time.
[09:13] {Threei} - Consumer spending and business investment is driving the recovery.
[09:13] {Threei} - Inflation is low at the moment but it is unlikely to remain as such; the public clearly expects inflation to rise.
[09:18] {RonS} gm all - zlc, cgen, swhc squeeze candidates. It is notable to me that the last time swhc got hot was during the angst of the last meltdown and O election
[09:18] {Threei} ron :)
[09:19] {Threei} hmmm
[09:19] {Threei} I undersdtand why back then
[09:19] {Threei} why now?
[09:20] {KSystems} mornign
[09:21] {Threei} ks :)
[09:21] {nemo} Gruess Gott
[09:22] {shorty} good morning
[09:23] {Threei} shorty :)
[09:25] {strider} morning folken.
[09:25] {Threei} strider :)
[09:25] {strider} :)
[09:27] {Threei} US) Reportedly regulators are moving to implement market-wide circuit breakers based on single stocks
[09:27] {Threei} ***Note that Congress is holding hearings today on the 5/6 market problems
[09:27] {Threei} ***Reminder: On 05/10 the SEC and various exchanges agreed on a "structural framework" to deal with circuit breakers and erroneous transactions.
[09:28] {Threei} halt whole market if a single stock had a bad print?
[09:28] {Threei} talk about killing whole elephant with nuclear bomb in a hunt for mosquito
[09:31] {ese} morning......news flip flp again i see.......bailout not may not work....sheesh
[09:31] {Threei} ese :)
[09:32] {ese} flip flop is what i meant to say
[09:32] {strider} GS down hard
[09:32] {Threei} Long Setup: VXX half lot .50 break
[09:33] {Threei} invalidated
[09:34] {Raven} flex
[09:34] {Threei} not completely off radar though
[09:34] {Raven} wrong window
[09:35] {Les} here I thought Raven finally wanted to speak to us :(
[09:35] {nemo} ?
[09:35] {Raven} lol
[09:35] {magoo} DNDN
[09:35] {magoo} F
[09:35] {Les} AIG
[09:36] {magoo} RIG
[09:36] {nemo} cat
[09:36] {magoo} MGM now
[09:37] {Threei} see you tomorrow
[09:37] {Threei} Long Setup: VXX half lot .10 break
[09:37] {nemo} wattsa' matta' fa u?
[09:38] {Threei} invalidated again
[09:38] {nemo} it'll bounce at .80
[09:39] {magoo} only red 59 dow
[09:39] {dino} ctrp l .00
[09:41] {dino} stop ctrp -.12
[09:41] {Threei} crap
[09:41] {Threei} folks, stop this nonsense on first minutes, OK?
[09:41] {Threei} I am trying to get a read on what I watch,
[09:41] {Threei} all of a sudent barrage stocks is coming from you
[09:42] {Threei} look at this:
[09:42] {Threei} [09:35] {magoo} DNDN
[09:42] {Threei} [09:35] {magoo} F
[09:42] {Threei} [09:35] {Les} AIG
[09:42] {Threei} [09:36] {magoo} RIG
[09:42] {Threei} [09:36] {nemo} cat
[09:42] {Threei} [09:36] {magoo} MGM now
[09:42] {Threei} I am trying to look at them,
[09:42] {Threei} see nothing useable
[09:42] {Threei} lose all my concentration
[09:42] {Threei} if you see a setup, post it
[09:42] {dino} ctrp sm l .00
[09:42] {Les} sorry, didn't realise you looked through them
[09:43] {Threei} but this string of meaningless symbol mentions is totally unhelpful and just throws me off
[09:43] {magoo} thats what i usually do is alert movers
[09:43] {magoo} sorry
[09:43] {Threei} no problem, and I ususally look at them
[09:43] {Threei} but imagine this 5 symbols thrown at me on first minutes
[09:43] {Threei} 6 even
[09:44] {Threei} look at VXX
[09:44] {Threei} that was our play
[09:46] {Les} lvs for a 23 breakout?
[09:46] {Threei} US) Nevada reports March casino rev $912.1M, -0.66% y/y; Las Vegas strip $467M, +2.4% y/y\
[09:46] {Threei} I think so
[09:46] {shorty} CRUS Threei
[09:47] {Threei} and MGM 14 break
[09:47] {Les} out +.26 ctrp ty
[09:47] {dino} f l .15
[09:47] {nemo} in lvs
[09:47] {Threei} MGM is narrower
[09:47] {Threei} so let's set .95 holding as a condition
[09:49] {nemo} 1/2 out
[09:49] {Threei} EU) EU's Barnier: Entire European financial sector needs to pay a tax for financial risk
[09:49] {Threei} ***Reminder: On 04/15 Barnier said the EU bank levy should be more than symbolic, reflect the severity of the financial crisis.
[09:49] {Threei} sheer idiocy
[09:49] {nemo} stop 2nd half
[09:50] {dino} apol sm l .20
[09:51] {Threei} 1;2...
[09:51] {Les} half out lvs +.10
[09:51] {dino} all green
[09:51] {Threei} rinsed second half
[09:51] {Threei} ese, may want to keep an eye on old friend
[09:51] {Threei} DRYS
[09:52] {shorty} out F...Thanks dino. + 8
[09:52] {Threei} after long silence, started showing some activity
[09:52] {shorty} .08
[09:52] {Les} all out +.20 lvs ty vad
[09:52] {dino} out ctrp .42, +.42
[09:53] {shorty} nice dino
[09:53] {dino} ty
[09:53] {Threei} ACTG
[09:54] {Threei} interesting daily
[09:54] {Threei} 15 is total breakout
[09:54] {shorty} ACTG...b/o of 15 I assume?
[09:54] {Threei} thin one
[09:54] {shorty} sorry
[09:55] {Threei} momo candidate, discretionary
[09:56] {dino} out f .21, +.06
[09:56] {dino} apol stopped -.30
[09:57] {Threei} swhc
[09:57] {Threei} maybe a pullback entry if you have this one in mind aas a slow possibly even swing play
[09:58] {ese} hey vad.....have been doing that watching drys
[09:58] {Threei} :)
[09:58] {ese} been watching nvda more though
[09:58] {jfjf64} mornin
[09:58] {Threei} jf :)
[09:59] {jfjf64} crus
[10:00] {Threei} *(US) MARCH WHOLESALE INVENTORIES: 0.4% V 0.5%E
[10:00] {Threei} *(US) MAY IBD/TIPP ECONOMIC OPTIMISM: 48.7 V 48.4E
[10:00] {magoo} afraid to mention DNDN
[10:00] {dino} fire sm l .24
[10:01] {ese} who do you talk ttoo or how in the world do you measure optimism.......huh?
[10:01] {strider} BP c&h
[10:02] {strider} failed
[10:03] {dino} clf blood
[10:05] {magoo} i scalped DNDN
[10:05] {magoo} looks like momo still coming
[10:05] {magoo} out here tho
[10:06] {shorty} dino, BWLD forming a pattern?
[10:07] {dino} 38.50-38.90s? shorty
[10:07] {shorty} Yes....Head and shoulder pattern?
[10:08] {dino} shorty bwld upped thos a.m. fwiw
[10:08] {Threei} (US) Senate Majority Leader Reid (D-NV): Senate to vote on amendment to authorize Fed audit around 11:30am this morning- At approximately 11:30 a.m., the Senate will proceed to vote in relation to the Sanders amendment.
[10:08] {Threei} ***Note that in his remarks this morning, Fed's Lacker stated that the Sanders version of the Fed audit bill "looks pretty good."
[10:08] {Les} ACTG offering a small consolidation pattern here to get in aggressively. break of .92 offers
[10:09] {magoo} out .97 rd 2,
[10:09] {RonS} uh...w/ trepidation...aig...
[10:09] {shorty} Thanks for your 2 cents. Trying to see what you might see, and checking with you.
[10:10] {dino} np
[10:10] {dino} i see confusion in markets rightnow, going for coffee
[10:11] {shorty} Taking my daughter to school. See you guys in a bit
[10:11] {magoo} i knew it DNDN, should have hit 00
[10:11] {magoo} just remember people, RISK is increasing up here
[10:12] {magoo} hasnt even breathed yet
[10:12] {nemo} fcx db?
[10:12] {Les} ACTG 15 big offers
[10:13] {dino} elx l .00
[10:14] {dino} adding to fire to fl
[10:14] {Threei} doesn't look promising FCX
[10:16] {Threei} lol
[10:16] {Threei} what was that
[10:16] {nemo} it heard you
[10:16] {dino} random dancing day
[10:16] {Threei} no kidding
[10:16] {Threei} 40 cents teleportation
[10:17] {Threei} FDIC board submit proposal for large US depository banks create plans for wind down (related XLF )
[10:19] {nemo} might be starting to form inverse H&S on FCX
[10:19] {RonS} 3i, bp 48 break for short or is it a trap?
[10:20] {Threei} I would prefer to see some consolidation before the break
[10:20] {Threei} don't want to go in if it just drops sharply to support
[10:20] {jfjf64} VVUS runnin
[10:21] {nemo} getting right shoulder on fcx
[10:21] {dino} out elx .12, +.12
[10:21] {Threei} no news VVUS... some lame upgrade a few days ago
[10:23] {Les} vad, do you have a read on ACTG? is this a trap I've bought into?
[10:23] {Threei} huh?
[10:23] {Les} forget it
[10:23] {Threei} why is it a trap?
[10:23] {dino} out fire +.11, .35
[10:23] {Les} was waiting for a sharp drop below 15. forget it, I'm thinking too much
[10:24] {Threei} AIG Reportedly at a 'town hall' meeting on Monday, CEO told employees that he believe the sale of AIA unit to Prudential PLC will go through
[10:25] {Les} ty dino, followed you in and out of elx
[10:26] {RonS} NEW YORK (Dow Jones)--Fairholme Capital Management, already one of the largest private shareholders in bailed-out insurer American International Group Inc. (AIG/PA:$10.0299,$0.0299,0.30%) ( AIG), bought more than 10 million additional shares in April.
[10:26] {Threei} not fresh
[10:26] {Threei} yesterday I think
[10:26] {RonS} last night
[10:26] {Threei} same group that earlier announced big stake in GS
[10:27] {dino} gj les
[10:27] {Threei} either true believers, or stuck wit previous stakes and now go for all or nothing
[10:27] {strider} GS
[10:29] {Threei} AIG new push
[10:30] {Threei} (EU) ECB drains 319.7B in overnight funds in fine tuning operation
[10:30] {Threei} hmmm
[10:30] {jfjf64} lk 5 min chart im a taker
[10:30] {Threei} any math buffs to compute how soon they go through whole trillion?
[10:31] {jfjf64} .61
[10:32] {jfjf64} comon aig
[10:33] {Threei} it's willing jf, but market weakness holding it down at the moment
[10:33] {Threei} keep stop under .50
[10:33] {Threei} either it goes now or tou may have to reemter
[10:33] {Les} aig salmon?
[10:34] {Threei} so far tries to act like one, yes
[10:34] {Threei} but it's a volatile thing
[10:34] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:35] {Threei} too much presure by droppng market
[10:35] {Les} ok. 2 stops now on AIG. that's enough
[10:35] {jfjf64} yup
[10:35] {jfjf64} looked lk was holdin up
[10:35] {jfjf64} to much pressur
[10:35] {Threei} yeah... but remember how many times I said I hated buying breaks on AIG
[10:36] {Threei} it's just not a breakout stock
[10:36] {nemo} so many can't remember
[10:36] {Threei} it explodes niecly off pullbacks
[10:36] {Les} fooled me first time with .05 stop as market sold off. Then it exploded
[10:36] {Threei} hard to time but that's about the only thing that works consistently on it
[10:39] {magoo} ive been losing on AIG of late...been harder it seems
[10:39] {dino} too fast for me
[10:40] {Les} out ACTG flat. not hanging around all day for it to move.
[10:40] {Threei} flat??
[10:40] {dino} pcln lod
[10:40] {Threei} where did you bought it?
[10:40] {Les} too late
[10:40] {dino} watching expe off it
[10:40] {Les} the .92 break was good. stupid of me not to buy it out .04
[10:41] {dino} qcom l .51
[10:41] {Threei} did bought... nice grammar
[10:41] {Threei} Raven fell of his chair
[10:41] {dino} qcom stop is .34
[10:42] {dino} wow pcln is fast
[10:42] {Threei} see what AIG did?
[10:43] {Threei} perfect momo move, but not off breakout
[10:43] {Threei} look through its chart today, it's very typical
[10:43] {Threei} a lot of good moves, but none of them are off classic break
[10:43] {Threei} evcery break is atraop,
[10:43] {Threei} pullback below support shakes you out,
[10:44] {Threei} then it explodes
[10:44] {Les} yeh cursing it
[10:44] {Threei} If you want to play it, observe this pattern and try to get its rythm
[10:45] {Threei} wow, this guy's English is more confusing than mine:
[10:45] {Threei} Fed's Lacker: have to be wary of hesitating on rate hikes while fanancial market is continues to be fragile
[10:45] {Threei} have to be wary of hesitating
[10:45] {Threei} normally I hesitate to be wary
[10:46] {dino} china report spooked lacker
[10:46] {RonS} ...maybe he is nary to be wary...
[10:46] {dino} maybe the fed heads should shut up
[10:46] {Threei} yet, ikn the next breath he adds:
[10:46] {Threei} still fairly comfortable with "extended period" language
[10:46] {magoo} ok vad, i took aig .61 pllbk
[10:46] {dino} all they do is talk and add crazy shakeouts
[10:47] {RonS} ...practicing greenspan doublespeak...want to be Chair?
[10:47] {dino} expe l .85
[10:47] {Threei} bad as they are dino... I find europian folks even more unnerving
[10:47] {Threei} with their open war on business rhetorics
[10:47] {Threei} a bit high it seems, mags...
[10:47] {dino} ok, i stand corrected, they should all shut up
[10:47] {Threei} lol
[10:47] {Threei} that I side with wholeheartedly
[10:48] {Threei} AIG's pullbacks are usually deeper
[10:48] {Threei} entry like .61 is valid for a quick scalp on bounce
[10:48] {dino} -4-.50 pcln
[10:48] {dino} -40.50 i mean
[10:48] {Threei} but if you hunt for bigger move, I'd prefer waiting for bigger pullback
[10:48] {magoo} was thinkin .87
[10:49] {Threei} market spikes
[10:49] {Threei} could help
[10:50] {dino} cf gap fill
[10:54] {dino} qcom stopped -.16
[10:55] {Threei} VXX, watch for quick pullback to about .80
[10:55] {Threei} forlong entry
[10:55] {Threei} for long entry
[10:55] {dino} cf sm l .50
[10:55] {Threei} GS CFO: Saw only 11 loss days in proprietary trading business over the last 12 months - UBS conf presentation
[10:55] {Threei} crap... I need to go learn from them
[10:56] {Threei} SQNM Strength attributed to vague chatter company could soon release positive data on its T21 Down Syndrome test (5.24, +0.15, 2.95%)
[10:56] {Threei} no seriously
[10:56] {Threei} 11 losing day a year?
[10:56] {Threei} I feel like I need this SQNm product
[10:57] {dino} why are they saying that, congress and obamination are getting fuel off of this
[10:57] {Threei} no kidding
[10:57] {Threei} amazes me
[10:57] {Threei} they are trying to impress clients
[10:57] {Threei} but draw so much fire
[10:57] {RonS} ...remember 3i...it's "God's work"...or is it we are gods...
[10:57] {Threei} I think they just don't realize how it sounds for ordinary folks
[10:57] {Threei} yeah... that was another PR gem
[10:58] {dino} reminds me of drexel
[10:58] {RonS} ...how it sounds?!...how about what it is?!
[10:58] {Threei} I don't know what it is
[10:59] {Threei} I am not that quick to write it off as manipulation
[10:59] {RonS} ...impossible without frontrunning the whole thing...
[10:59] {Threei} well...
[10:59] {Threei} I understand the thinking Ron,
[10:59] {Threei} but
[10:59] {Les} DNDN looks like its flaming out
[10:59] {Threei} I had about what, 4 or 5 weeks uninterrupted winning streak earlier this year
[11:00] {Les} still holding 50 ma support. waiting for break of that
[11:00] {Threei} and it looks absolutely surreal to practcicaly anyone I speak to
[11:00] {Les} and there it goes
[11:00] {Threei} and I have, as you well understand, nothing of GS's qualification and resourses
[11:00] {Threei} and don't forget:
[11:00] {RonS} ...but consider the scale 3i
[11:00] {Threei} they have a lot of traders who kind of average each other
[11:01] {Threei} if out of their, I don't know, 100 let's say
[11:01] {Threei} 10 have losing day today
[11:01] {Threei} 90 others cover them
[11:01] {Threei} so, while on a surface those stats do look beyond possible
[11:01] {Threei} I would label them as remarkable
[11:02] {Threei} but not completely out of realm of possible
[11:02] {dino} it is self hedged
[11:02] {Threei} with their scale, resources, awareness... I would certainly expect them to beat my averages, no? :)
[11:03] {Threei} let me out it this way:
[11:03] {Threei} put
[11:03] {RonS} ...for the duration of the performance I deem it impossible..but so be it
[11:03] {Threei} I don't know how they do it... neither do those who say it's a proof of manipulation,
[11:03] {Threei} we need more information to deem it ultimately this way or other,
[11:04] {Threei} but
[11:04] {dino} really does not matter. what will happen will happen
[11:04] {Threei} I will be disappointed if manipulatuion is the answer,
[11:04] {Threei} while the other side will be dosappointed if real trading talent is the answer :)
[11:05] {dino} yes
[11:05] {dino} clf sm l .25
[11:05] {Threei} UK) Lib Dems and Conservatives are in final stages of forming Govt - BBC
[11:05] {Threei} see AIG mags?
[11:05] {Threei} deeper opullback is still answer
[11:06] {Threei} .50 was it
[11:06] {magoo} yea
[11:06] {magoo} living it
[11:07] {Threei} VXX near .80, watchign market for sharp pullback
[11:07] {Threei} which would signal VXX entry
[11:08] {magoo} out .87 AIG but that wasnt easy
[11:08] {Threei} no
[11:08] {magoo} now see, it goes big to frustrate
[11:08] {Threei} notice hiwever how easy it would have been if you waitied for another leg down
[11:09] {Threei} pure move up ever since
[11:09] {Threei} no single pullback
[11:09] {magoo} agree..u are on to it
[11:09] {Threei} watchign closely now,
[11:09] {Threei} market and VXX,
[11:09] {Threei} ideally, we get sharp red bar in SPY
[11:09] {Threei} while VXX gives us a few seconds for entry
[11:11] {Threei} no clarity still
[11:11] {Threei} jf, managed to get revenge on AIG?
[11:12] {dino} ndx green
[11:13] {magoo} havent seen green in long time
[11:14] {dino} idsa sm l .96
[11:14] {dino} gappy
[11:14] {dino} thin
[11:16] {dino} out clf .72, +.47
[11:17] {Les} nice. been following you but screwed it. took a scalp only
[11:18] {RonS} out clf .69, +.39
[11:19] {ese} L ipxl .71
[11:19] {RonS} ty dino...
[11:19] {dino} np, gj
[11:20] {Les} cover dndn +.25
[11:20] {Threei} VXX...
[11:20] {Threei} looks ready
[11:21] {nemo} vxx
[11:21] {nemo} sorry
[11:22] {strider} long break .70?
[11:23] {Threei} most likely, yes
[11:23] {Threei} needs market drop to work
[11:23] {Threei} ad market looks ready too
[11:23] {dino} out expe, .91, +.06
[11:24] {dino} bad entry
[11:24] {dino} clf pulls back
[11:24] {shorty} Anyone in VXX?
[11:24] {Threei} .69 in
[11:25] {dino} ed's red
[11:25] {Les} .67 aggressive
[11:25] {nemo} Qs strong
[11:25] {shorty} Just got back, watching your trade. Thanks.
[11:25] {Les} out +:09
[11:25] {Threei} stop under .60 of course
[11:25] {Threei} self-explanatory
[11:26] {Threei} meanwhile, look what AIG did again
[11:27] {Threei} see breakout setup just under 42?
[11:27] {Threei} triggered and failed
[11:27] {Threei} sharp pullback
[11:27] {Threei} and jump up again
[11:27] {Threei} does it all the time
[11:27] {shorty} Like a fake out.
[11:29] {dino} darnrun dmc market, has me chickening out
[11:29] {Les} covered dndn again +.13 dunno what market is doing at moment.
[11:30] {dino} "it's tricky"
[11:30] {Threei} obviously no one does
[11:30] {Threei} including marjket itself
[11:30] {RonS} volatility
[11:30] {dino} out cf .67, +.17, bad entry
[11:30] {Les} looking for better gains, just market ain't playing ball right now
[11:30] {Threei} doesn't seem to a be a good day for bigger plays
[11:31] {Threei} even scalps are like pulling teeth
[11:31] {magoo} feels like thart
[11:32] {Threei} let's scratch half VXX here
[11:32] {RonS} http://www.youtube.com/watch?v=dIdug40ZM-M&feature=related
[11:32] {Threei} just to decrease risk
[11:33] {Threei} not that play looks wrong, it's a risk that is unjustifiably high
[11:33] {Threei} see what I mean?
[11:34] {Threei} second half stopped
[11:34] {shorty} Cool vid RonS
[11:35] {dptl} mgm .35? long?
[11:35] {RonS} ...flashback with the conditions shorty...
[11:35] {strider} short HOG .87
[11:36] {magoo} ironically vad...AIG chart nicest ive seen with it
[11:36] {Threei} lol, yes
[11:36] {magoo} daily
[11:36] {Threei} can't tell dp
[11:36] {magoo} we cant tell dp?
[11:36] {Threei} no one can tell dp
[11:36] {Threei} dp is not even unknown - dp is unknowable
[11:37] {dptl} lol
[11:37] {Threei} what the deuce
[11:37] {RonS} hog...that pig is a runnin
[11:37] {Threei} I am so out of tune today
[11:38] {Threei} let's just decide whose fault it is
[11:38] {nemo} ferns
[11:38] {Threei} any volunteers?
[11:38] {dino} and your typing stinks too :D
[11:38] {Threei} lol
[11:38] {Threei} yes but my typing stinks always
[11:38] {Les} well I've got my paper cash hoard for the day. so blame me
[11:38] {Threei} nah Les
[11:39] {dino} take a break dude. look at my trades, panic and cut short on cf, expe, etc
[11:39] {shorty} Still paper trading Les?
[11:39] {Les} what, i'm not GOOD ENOUGH to blame yet!
[11:39] {Threei} no problwem dino, but I still need to find someone to blame
[11:39] {Les} hopefully laser is up and running this week shorty
[11:39] {dino} now you sound like a politician
[11:39] {Threei} lol... I just so used to beating up on you les, I may not get enough satisfaction
[11:40] {Les} :s
[11:40] {Les} how does that make me feel
[11:40] {Threei} proud?
[11:40] {Les} think I'll go and find the bottle
[11:40] {Threei} got beaten upo so badly, ad still alive?
[11:40] {shorty} Laser, cool. I am thinking of joining Laser too.
[11:41] {Les} was it you that I said that IB was good? Well, I take it back...
[11:41] {Threei} wait till you try laser executions...
[11:41] {shorty} me? I never said that,
[11:41] {ese} Ron....great tune by the Drells.......
[11:41] {Threei} you won't beluieve you ever thought IB was good
[11:42] {shorty} I have Orbis, I think it's like Laser.
[11:42] {Threei} only wiothout executions
[11:42] {RonS} ese...ya and white guys backing up black guys...back then...gotta love it
[11:42] {Threei} look at VXX
[11:43] {Threei} hard to believe
[11:43] {Les} out clf +:25
[11:44] {RonS} ...as gs waves the wand...
[11:44] {Threei} lol
[11:45] {Threei} you really believe that? :)
[11:45] {dino} gj les
[11:45] {RonS} ...it's my new religion...:D
[11:45] {dino} stops are my religion
[11:46] {shorty} Looking for a bounce here VXX?
[11:46] {Threei} not yet
[11:47] {dino} around 24.75
[11:47] {shorty} ty
[11:49] {Threei} AIG another gut-wrenching pullback
[11:49] {shorty} dino, near support at the beginning of the day? VXX
[11:49] {Threei} VXX once again showed that I am not in tune today
[11:50] {dino} 2 day support, but i am wrong
[11:50] {magoo} and is it safe to say?}?
[11:50] {magoo} a lil cranky
[11:50] {magoo} SORRRRRRY
[11:50] {shorty} I got caught in one of those yesterday Threei. (AIG)
[11:50] {RonS} lol
[11:50] {Threei} oh yes, and you know who is to blame? I just realized
[11:50] {shorty} lol
[11:50] {magoo} nemo?
06[11:51] * Threei slaps magoo around a bit with a large cardboard cutout of Les
[11:51] {dino} idsa out .39, +.43\
[11:51] {magoo} ahhhhh
[11:51] {magoo} ok
[11:51] {RonS} gj dino
[11:51] {dino} ty hard to get out of
[11:51] {RonS} ya i could not get in where i wanted
[11:51] {shorty} nice dino.
[11:52] {dino} thx
[11:52] {dino} on thinnies go small, they gap around
[11:52] {dino} but they are fun
[11:53] {dino} 18.75 support area on pullback
[11:53] {shorty} stewy is quiet today.
[11:53] {dino} griffin?
[11:53] {shorty} lol
[11:53] {shorty} _stewy
[11:53] {strider} out HOG .68
[11:54] {strider} cover
[11:54] {RonS} wtg strider...looked really dangerous...
[11:54] {Threei} UK) Deal has been reached between Conservatives and Liberal Democrats
[11:54] {shorty} It did. I almost went in.
[11:54] {strider} small entry....added on the way down.
[11:55] {strider} partialled in partialled out
[11:55] {RonS} UK) The "Deal" is that we will continue to pillage the realm
[11:56] {_stewy} alive and makin' like a fly on the wall for now
[11:56] {dino} ssswwwaaaatttttttt
06[11:56] * nemo slaps _stewy around a bit with a large fly swatter
[11:56] {RonS} ...a sloppy _stewy...
[11:56] {Threei} so labor is out of the game completely?
[11:56] {dino} rino luv
[11:57] {Threei} US) Senate Vote on auditing Fed reportedly has enough votes to pass
[11:57] {dino} uh oh, not so sure we want to see that result
[11:57] {strider} lots of buy at .68 HOG.
[11:57] {RonS} ...boy, that could get interesting...talk about peeking behind the curtain in Oz...
[11:57] {nemo} or inside the septic tank
[11:59] {Threei} there were some amendments diluting the audit reach
[11:59] {Threei} not sure what form it went through
[11:59] {nemo} of course
[11:59] {dino} of course
[11:59] {nemo} oh jeez
[11:59] {Threei} may turn out just another wool over the eyes
[11:59] {dino} most likely off balance sheet hides
[11:59] {RonS} ...here we go...keepin the weenie hid...
[11:59] {nemo} probably
[12:00] {RonS} 3 card montie and the shell game come to mind
[12:03] {nemo} looks like the market just wants to crawl up for the day
[12:03] {Threei} my feeling too
[12:04] {Threei} (GR) Greece to formally request 20B from the euro bailout fund
[12:04] {Threei} oh, so all the brouhaha of last month was just informal request
[12:06] {Threei} US Senate approves Sanders amendment on GAO audit of the Fed; vote 96-0
[12:06] {Threei} I think that ammendment is exacly what limits audit power
[12:06] {ese} still long ipxl.....
[12:07] {strider} long HOG .70
[12:07] {strider} small
[12:10] {Threei} here it is:
[12:10] {Threei} - amendment allows a look at recipients of emergency aid during the financial crisis; and contains no language permitting a regular audit
[12:10] {nemo} so an audit that doesn't audit
[12:11] {dino} lol, but they can campaign that they voted fed audit
[12:11] {Threei} exactly
[12:11] {Threei} nothing but grandstanding
[12:11] {Threei} with zero substance
[12:11] {Les} DNDN strong. big vol here. trapped longs getting out?
[12:11] {strider} out HOG .87 +.17
[12:12] {Threei} my grandfather was so right...
[12:12] {Threei} longs Les?
[12:12] {Threei} AIG pullback starts
[12:13] {Les} I dunno. trying to understand big vol here...
[12:13] {dino} gj on hog stride
[12:13] {Threei} feel any headache Les?
[12:13] {strider} thankjs
[12:14] {Threei} seriously... is voulme caused by trapped longs exiting, or by trapped shorts covering... ow does it help you make any kind of decision?
[12:14] {Les} nah, learnt to give up thinking about it too much
[12:14] {Threei} or how can it even be figured out, ever?
[12:14] {Threei} distinguish between unknown and unknowable
[12:14] {dptl} nrg 22 break long?
[12:15] {Threei} yes if market continues
[12:15] {Threei} and notice how dp regularly responds to the word "unknowable"
[12:15] {dptl} in .01
[12:16] {RonS} http://www.youtube.com/watch?v=uMlRpN8ANrU
[12:18] {Threei} quote for you, tell me where its from
[12:18] {Threei} She hated people who thought too much. She struck me as an appropriate representative for almost all mankind. Her expression implied that she would go crazy on the spot if anybody did any more thinking.
[12:19] {shorty} Cat' cradle
[12:20] {Threei} clap clap
[12:20] {Threei} knew ot googled?
[12:20] {Threei} or
[12:20] {shorty} Actually googles
[12:20] {shorty} googled
[12:20] {Threei} ok... doesn't count then
[12:21] {shorty} Al least you got me interested.
[12:21] {dptl} out flat nrg don't like it anymore
[12:22] {Threei} market lost drive
[12:22] {nemo} lunchtime
[12:22] {Threei} AIG however doesn't give a damn
[12:27] {strider} long HOG .77 one more time....
[12:30] {strider} holds with futs drop...so far.
[12:34] {ese} Ron ...your spooky today man...spooky
[12:35] {RonS} dino is spooky...i am just a mind laden with deep cultural bs...
[12:35] {Threei} lol
[12:36] {strider} out HOG +.03 stop
[12:37] {dptl} kgc?
[12:37] {RonS} 3i, jcp appears to be prepping for a beakdown. Do you see a trigger?
[12:37] {Threei} .30
[12:37] {RonS} thanks
[12:39] {strider} short JCP sm. .35 stop hod
[12:40] {Threei} (US) SEC: Preliminary analysis of equity moves on Thursday 6/5 shows stocks followed movements of the S&P500 emini futures contract
[12:42] {RonS} ya...and the yen spike 30 minutes before that...tell me something I do not know SEC
[12:43] {Threei} - Does not appear that any single event cause the market plunge on 6/5, no evidence supports theories of a fat finger trade leading to the plunge.
[12:43] {strider} ok VAD. fes up...was it you?
[12:43] {Threei} no, I was offline, remember?
[12:43] {Les} oops there goes conspiracy theories...
[12:43] {strider} that's what YOU said.
[12:44] {Threei} (oh thank goodness for well thought through alibi!)
[12:44] {nemo} breaking new highs at lunch oy
[12:45] {Threei} There is no evidence that hackers or terrorists were involved in the market plunge.
[12:45] {strider} however, I did notice _notvad was lurking.
[12:45] {Threei} argh
[12:45] {Threei} told him to stay away
[12:45] {strider} Gotcha! I wasn't here either.
[12:46] {Threei} there
[12:46] {Threei} :)
[12:46] {strider} A confession by trickery.
[12:47] {Threei} here is funny thing:
[12:47] {Threei} a month ago I would nail the day like today perfectly
[12:47] {Threei} events of last couple weeks changed the game,
[12:47] {Threei} and changed my mindset
[12:47] {Threei} no longer do I look for whole day climbs
[12:47] {Threei} so it caught me off guard
[12:48] {Threei} and that's all thinking I am going to do today
[12:49] {magoo} l GS 144.90
[12:49] {magoo} wanted the cross145
[12:49] {strider} stop JCP.
[12:49] {strider} -.09
[12:52] {magoo} hoping to sell break .50
[12:52] {magoo} nope out
[12:52] {Threei} sh*t... I think the world conspired to irritate me today to no end
[12:53] {nemo} why...what now?
[12:53] {magoo} out .10, + .20
[12:53] {Threei} e-mail by someone who signed up for trial and spent about 10 minutes in the room,
[12:53] {Threei} esentially sayiong:
[12:53] {nemo} email yesterday's log address back to him
[12:54] {Threei} my computer disconnected from internet, so I couldn't tell whether your trading good or bad, so why don't you make a room voice and video based so it would be more professional
[12:54] {Les} must be aussie
[12:54] {strider} was it signed _notLes?
[12:54] {Threei} f**k... can people really be THIS stupid?
[12:54] {Les} only an australian would whine like that
[12:55] {dino} roflol
[12:55] {magoo} dammit vad..i sent that in confidence
[12:55] {Les} and they are the a55hole end of the world when it comes to internet
[12:55] {RonS} me too dino...comeon 3i you know there is all kinds...
[12:56] {strider} TM
[12:56] {Threei} I do Ron, but I guess I am eternal optimist - I really hope there is almit to stupidity
[12:56] {Threei} and turns out there is none
[12:56] {dino} ass for every chair
[12:56] {Threei} seriously, here is copy/paste:
[12:56] {Threei} To be more profissioned I suggest you change to a room with sound. (why not
[12:56] {Threei} Paltalk?)
[12:56] {Threei} Otherwise it is not possible to follow your trades live.
[12:56] {Threei} profissioned?
[12:57] {nemo} have a drink Vad
[12:57] {Threei} he suggestst, you see
[12:57] {Threei} lol... never mind me, I am having bad hair day
[12:57] {dino} must have saw your spelling, lol
[12:57] {Threei} lol
[12:57] {RonS} ...for me, i could not follow that format...too distracting...my 2 cents
[12:57] {Threei} my thought too Ron
[12:58] {Threei} at some point we looked into asll formats that became popular
[12:58] {Threei} paltalk, skype, something else
[12:58] {Threei} mess
[12:59] {Les} nice call on TM
[12:59] {RonS} mags does gs have gas in the tank...new hod...
[12:59] {strider} missed it.......I can't use NASDAQ. Will not pass through orders for me.
[12:59] {Threei} hmm? why strider?
[12:59] {Threei} what does it report?
[12:59] {strider} I have no idea.
[12:59] {strider} Just doesn't fill.
[13:00] {Threei} but does your order go through at all?
[13:00] {strider} if no nas on BO , it won't pass through to other ECN.
[13:00] {Threei} so you have to cancel it later?
[13:00] {strider} Yes, shows up as pending order.
[13:00] {strider} Yes. have to cancel.
[13:00] {Threei} ok, then check this please:
[13:00] {Threei} right click on Level 2,
[13:00] {strider} k
[13:01] {strider} k
[13:01] {Threei} in the pop up woindow
[13:01] {strider} k
[13:01] {Threei} look at the right column
[13:01] {strider} y
[13:01] {Threei} titled:
[13:01] {Threei} Route Out
[13:01] {strider} y
[13:01] {strider} everything is checked.
[13:01] {Threei} and make sure all bioxes are checked
[13:01] {Threei} then your routing is configured correctly,
[13:02] {Threei} and if you see someone at the offer
[13:02] {Threei} but your order doesn't hit them
[13:02] {Threei} your quotes are delayed
[13:02] {Threei} you see a phantom,
[13:02] {strider} It never happens with ARCA
[13:02] {Threei} he is no longer there
[13:02] {Threei} that's truly weird then
[13:03] {Threei} they both swipe everything in sight
[13:03] {Threei} no difference in mechanics
[13:03] {strider} has always been the case. If NAS isn't at offer, it won't execute.
[13:03] {Threei} nothing like that here
[13:03] {Threei} asked trev to investigate?
[13:03] {strider} I know. It's just me.
[13:03] {strider} :(
[13:04] {strider} I ususally just use ARCA.
[13:04] {Threei} well, just use ARCA, what the difference
[13:04] {Threei} right
[13:04] {strider} Are fees the same?
[13:04] {Threei} but really... why would NASDAQ hate you specifically
[13:04] {strider} I think I dated his wife once.
[13:04] {Threei} ah
[13:05] {strider} or twice.
[13:05] {strider} OK...it was a year and a half.
[13:05] {strider} :)
[13:06] {nemo} rimm in bounce territory?
[13:06] {nemo} yep
[13:06] {nemo} frick me
[13:06] {strider} good call nemo:)
[13:06] {nemo} that and a quarter will get me a phone call
[13:08] {dptl} erts? Vad how about 19 break?
[13:09] {Threei} two things dp
[13:09] {Threei} first, I like it
[13:09] {Threei} second, do you really want to take my opinion today?
[13:10] {Threei} wow, look at the offers at 44 AIG
[13:10] {dptl} see...you make me think now....lol
[13:10] {nemo} interesting
[13:10] {RonS} ...you kept me from shorting jcp...
[13:10] {Threei} sorry :)
[13:10] {Threei} I am just realistic
[13:11] {Threei} some days I am a Midas
[13:11] {magoo} gs hpolding
[13:11] {Threei} some days I can't tade my way out of wet paper bag
[13:11] {magoo} hard entry but feels up
[13:11] {magoo} NOT in
[13:11] {Threei} and some days it rainst of course
[13:11] {dptl} i know ,i know...:)
[13:11] {Threei} it's not realistic to trade at high level every day (unless you are GS of course),
[13:12] {Threei} but it's realistic to spot not your day early
[13:12] {Threei} and stay humble
[13:12] {Threei} do no harm
[13:12] {Threei} stop a problem while it's small
[13:13] {Threei} Deal with the difficult while yet it is easy;
[13:13] {Threei} Deal with the big while yet it is small.
[13:13] {Threei} Tao Te Ching
[13:13] {Threei} Poem 63. Difficult and Easy
[13:14] {RonS} def of irony...Goldman Sachs’s Infrequent Losses Prove Client Focus, Cohn Says
[13:14] {Les} oxymoron
[13:14] {magoo} vad, is your wife returning today?
[13:14] {Threei} yes
[13:14] {Threei} why?
[13:14] {magoo} THATS IT:)
[13:14] {Threei} lol... nah
[13:14] {RonS} of course...
[13:14] {dptl} lol
[13:15] {Threei} yesterday was great trading day
[13:15] {Threei} and she still wasn't here
[13:15] {magoo} u missing my point, u all streesd from her approaching return
[13:15] {Threei} oh
[13:15] {Threei} rofl
[13:16] {Threei} GR) Greek PM: Freezes government hiring for 2010, cuts state hiring to 1 worker for every 5 departures
[13:16] {magoo} house trashed, cats missing, u havent showered since she left
[13:16] {RonS} rotfl
[13:16] {dptl} roflol
[13:16] {Threei} {workers} we do not intend to depart anywhere
[13:16] {Threei} you mean all this fun is coming to end?
[13:18] {Les} lol Freudian anger directed at his team
[13:18] {Threei} no anger
[13:19] {Threei} just normal knucle-whitening berserk fury
[13:20] {Threei} about that GS bragging, Ron
[13:20] {Threei} I honestly think they are so deep in coroporate/finance thinking,
[13:20] {Threei} they don't rwealize how it looks
[13:20] {Threei} to them it's a pure "look how good we are"
[13:21] {Threei} I had my share of close conversations with some of high finance executives
[13:21] {Threei} trust me their way of thinking is very different from average folk
[13:21] {Threei} and there is nothing sinister to it
[13:21] {Threei} it's simply different angle
[13:22] {Les} yeh Jesse has written of encounter with trading friend. wait I'll find it
[13:22] {Threei} when civil engineer looks at the city, he sees roads,intersections, traffic lights, bridges, tunnels
[13:22] {Les} http://jessescrossroadscafe.blogspot.com/2010/05/goldman-sachs-overreach-hubris-and.html
[13:22] {Threei} policeman sees crowd control, spots of drug trade etc
[13:23] {Threei} financial guy sees money flows
[13:23] {Les} we are traders with a conscious. Some like above don't care about anything else...
[13:23] {Threei} I saw that article Les
[13:23] {Threei} nothing of a kind in case of people I conversed with
[13:23] {Threei} no such callousness
[13:24] {Threei} they are normal people, with normal consciousness
[13:24] {Threei} they simply see the other side of financial realities
[13:24] {Threei} when it comes to their companies
[13:24] {Threei} one thing matyters:
[13:24] {Threei} performance
[13:24] {Threei} period
[13:25] {Threei} they may be ruthless or gentle, nothing will matter if they don't perform
[13:25] {Threei} no one will bring money under management because they are good people
[13:25] {Threei} money will come if they can perform
[13:26] {Threei} Now, try to envision this mindset
[13:26] {Les} clf 58 b/d?
[13:26] {Threei} see how this "we had 11 losing days in a year" looks digferent from that stadpoijt?
[13:27] {Les} big bids on CLF around 58
[13:27] {Threei} CLF is very volatile
[13:27] {Threei} smallshares if you go for it
[13:27] {Threei} stop above .15 or .20
[13:27] {nemo} congestion and then support down around .78 not much for Risk/Reward
[13:27] {Les} nah 200ma just under 58. will watch for further b/d
[13:30] {Les} damn wanting DNDN breakdown but .30 b/o was superb
[13:30] {RonS} "No reason to get excited", the thief he kindly spoke. "There are many here among us who feel life is but a joke. But you and I we've been through that, and this is not our fate. So let us not talk falsely now, the hour is getting late."
[13:32] {RonS} ...shorty...who wrote that?
[13:33] {nemo} All along the watchtower Bob Dylan
[13:33] {RonS} :)
[13:33] {nemo} Made famous by Jimmi
[13:33] {dino} jimmi dean
[13:33] {nemo} Hendrix
[13:34] {dino} i know
[13:34] {nemo} i know
[13:34] {dino} man, vad has put you all in a mood today
[13:34] {Threei} no kidding
[13:34] {Threei} sorry
[13:34] {nemo} we'll blame vad today
[13:34] {Threei} starying tomorrow I will cut throats for any distractions
[13:34] {Threei} so use all of today blaming me
[13:35] {RonS} ...and tomorrow, back to normal...blaming Les...
[13:35] {Threei} CLF broke
[13:35] {Threei} 1;1
[13:35] {nemo} you said stop at .15
[13:36] {nemo} ?
[13:36] {Threei} yes?
[13:36] {nemo} ok.
[13:36] {Threei} and it his .83
[13:36] {nemo} yep
[13:36] {Threei} so your point is?...
[13:36] {nemo} moth memory....didn't want to scroll up
[13:36] {Threei} {--- preparing for tomorrow's throat cutting
[13:36] {nemo} easy tiger
[13:36] {Threei} just poracticing
[13:37] {nemo} not your typing
[13:37] {Threei} never
[13:37] {Threei} that's my trademark
[13:39] {nemo} so higher today from this consolidation?
[13:40] {dino} out hog +.04, like trying to move a pig
[13:41] {dino} sheesh, now it goes
[13:41] {Threei} sure looks like that
[13:44] {dptl} l erts 19
[13:46] {dino} giddy-up
[13:46] {dino} ehthl .85
[13:46] {nemo} erts hits 19 an stops
[13:46] {dptl} yeah
[13:47] {nemo} where's your stop dp?
[13:48] {dptl} under .90
[13:49] {Threei} zles
[13:49] {Threei} Les
[13:49] {Threei} whatever you do, do not look at ACTG
[13:50] {strider} and don't think of a pink elepant.
[13:50] {strider} elephant.
[13:50] {Threei} hehe
[13:51] {Threei} ok, let's get a fresh look from aside
[13:51] {Threei} stewy,,, tell hinestly, do we look completely insane?
[13:51] {Threei} or there is hope?
[13:51] {Threei} for some of us al least
[13:54] {Threei} probably not...
[13:54] {Threei} All hope abandon, ye who enter here
[13:55] {RonS} ...he's trying to find hinestly in the dictionary...:D
[13:55] {Threei} oh
[13:56] {RonS} poof
[13:57] {RonS} long or short trigger for gs?
[13:57] {Threei} neither
[13:57] {Threei} no read
[13:57] {Threei} can do anything herte
[13:57] {Threei} AIG Reportedly approves $380M in bonuses for up to 3K managers below the top 100 execs
[13:57] {Threei} - States that plan will help the firm retain talented workers
[13:58] {RonS}
[13:58] {Threei} sigh
[13:59] {Threei} I can't believe amount of editing for today's log, lol
[13:59] {Threei} last thng I need is religious fanatics sending me hate mail
[13:59] {RonS} sorry...
[13:59] {Threei} nah, it's OK
[13:59] {Threei} today is FUBARed as it is
[13:59] {Threei} you can possibly add much more to it
[14:00] {Threei} can't
[14:00] {nemo} erts=aggravating
[14:00] {RonS} ...know where that saying came from 3i?
[14:00] {Threei} movie
[14:00] {nemo} military
[14:00] {Threei} cowboy marlboro and someone else
[14:00] {RonS} American GI's during WWII
[14:00] {Threei} :)
[14:01] {nemo} tear down that frickin wall erts!!!
[14:01] {nemo} broke the 50 ma
[14:01] {Threei} what we need is annoucement that EU re-thinks rescue package
[14:02] {Threei} next second we buy all VXX there is
[14:02] {Threei} next day we are all retired
[14:02] {RonS} now that would be funny
[14:02] {dptl} urbn?
[14:03] {Threei} you want one more ERTS?
[14:03] {dptl} lol....
[14:04] {magoo} AWIAV?
[14:04] {nemo} stand up routine
[14:04] {dptl} yeah
[14:06] {dptl} now shoot to .30 erts
[14:06] {nemo} boy does selling come in at 19 dp
[14:08] {_stewy} not insane, 3i.
[14:08] {ese} gotta go all.....still long ipxl.....it's choir time....or should that be "it's Miller time"
[14:09] {RonS} cya ese
[14:09] {nemo} all that volume and no break on erts, time to get out?
[14:09] {Les} ciao
[14:09] {nemo} holding well on inde drop though
[14:11] {Threei} take care ese
[14:12] {RonS} 3i, bp short 49 break?
[14:12] {Les} dndn losing ground
[14:12] {Threei} ok stewy... you just don't want to hurt out feelings {G}
[14:12] {Threei} BP... most likely
[14:12] {RonS} ok
[14:12] {Threei} maybe even .05
[14:13] {Threei} more aggreessive
[14:13] {Threei} with stop above .15
[14:13] {Threei} if market helps, 49 won't hold anyway
[14:13] {Threei} if it doesn't, neither will work
[14:13] {Threei} but risk is smaller
[14:14] {nemo} giddyup erts
[14:14] {dptl} s bp .04
[14:15] {dptl} stop .15
[14:15] {Threei} amazingly, now ERTS is tring to clkimb
[14:15] {Threei} shrug
[14:15] {Les} pivot support bp .92 s.03
[14:15] {nemo} sold a s&*% load at 19
[14:15] {Les} s dndn .35
[14:16] {dptl} stop to .94 erts
[14:16] {Threei} aren't you anal-retentive
[14:16] {nemo} who?
[14:16] {Threei} dp :)
[14:16] {dptl} lol
[14:16] {nemo} not a wide-receiver?
[14:16] {Threei} here goes BP
[14:18] {dptl} nah out +.05 erts
[14:18] {nemo} too aggravating?
[14:19] {Threei} 1:1 BP
[14:19] {Les} out dndn +.30
[14:19] {Threei} wooohooo... I hit something
[14:19] {magoo} in
[14:19] {magoo} bp
[14:19] {Les} out bp +.11 what a sweeeeeeet day
06[14:20] * Threei slaps Les around a bit with a large bucket full of green-colorode jealousy
[14:20] {dptl} out bp +.10
[14:20] {Threei} that aggressive .05 entry was good idea
[14:20] {nemo} in fcx .05
[14:20] {dptl} nemo you still in?
[14:20] {Threei} look how questionably 49 would have worked
06[14:20] * magoo slaps Threei around a bit with a large trout
[14:20] {magoo} thats where i took
[14:21] {nemo} out .20
[14:21] {nemo} silly me
[14:21] {dptl} erts.......??
[14:21] {Les} yeh good entry bp. pivot support held
[14:21] {dptl} you mean.02
[14:22] {nemo} who
[14:22] {Threei} ERTS 1:1
[14:22] {dptl} yeah left 5 c on the table...but heck
[14:22] {Threei} dp and nemo... you are living proof that stewy was much too kind when said we were not insane
[14:22] {nemo} ?
[14:23] {Threei} your dialog is one of two deaf
[14:23] {nemo} ?
[14:23] {Threei} sigh... nevermind
[14:23] {dptl} lol
[14:24] {nemo} ?
[14:24] {Threei} {--- crying
06[14:24] * dptl slaps nemo around a bit with a large trout
[14:24] {Threei} thank you
06[14:25] * nemo slaps dptl around a bit with a large empty Grey Goose bottle
[14:25] {nemo} I'd whack you with a full one, but didn
[14:25] {nemo} didn't want to waste the vodka
[14:25] {dptl} i prefer Russian standard
[14:25] {nemo} gasoline?
[14:25] {dptl} :)
[14:27] {Threei} AIG...
[14:27] {Threei} 43 break for short
[14:28] {Threei} ugh
[14:28] {Threei} not in a short list
[14:28] {strider} can't short
[14:28] {dptl} .20c stop?
[14:28] {nemo} pissa
[14:28] {dptl} oh
[14:28] {magoo} DNDN maybe vad?
[14:28] {Threei} 47 shirt?
[14:28] {Threei} short
[14:29] {magoo} roflol...i was trying figure out what u meant , no kidding
[14:29] {Threei} I think so
[14:29] {jfjf64} kgc .85 break
[14:30] {magoo} depends onn mkt imo
[14:30] {RonS} clf 57 break = yesterday's gap fill to 56?
[14:31] {Threei} no slightest idea Ron
[14:31] {Threei} DNDN, cover half
[14:31] {Threei} scalopers get out
[14:31] {dptl} nrg?
[14:32] {Threei} nah
[14:32] {Threei} too narrow
[14:32] {dptl} ah...s .19...
[14:32] {Threei} DNDN, 1/4 more here
[14:33] {Threei} scalopers?? oh boy
[14:33] {Threei} my typing hirts new lows... and you thought it was not possible
[14:33] {Threei} day is actually positive, trades wise
[14:34] {jfjf64} get ready mags
[14:34] {Threei} it's just that it had much bigger potential had I tuned into it in the morning
[14:34] {Raven} yes I will ... sorry
[14:34] {Raven} lol ... wrong damn window
[14:34] {jfjf64} lot going on in AM
[14:35] {jfjf64} LOL
[14:35] {magoo} vad, u pay raven to edit?
[14:35] {Threei} no chance... no one will do that, for any pay
[14:36] {Threei} ok DNDN,
[14:36] {Threei} last cover here
[14:36] {jfjf64} COMON KGC
[14:36] {Threei} .55
[14:36] {Threei} +.45
[14:36] {Threei} yess
06[14:36] * Threei slaps magoo around a bit with a large roll of cash
[14:36] {jfjf64} nice vad
06[14:36] * Threei slaps jfjf64 around a bit with a large roll of cash
[14:36] {Threei} who else is out there, hiding under the rocks
06[14:37] * nemo me
[14:37] {magoo} HEY, it was my spot lol
06[14:37] * Threei slaps nemo around a bit with a large didn't decide what yet
[14:37] {dptl} stop to above .25 nrg
[14:37] {Threei} lol mags
[14:37] {Threei} you played it?
[14:37] {nemo} sorry mags....................not
[14:38] {magoo} sure, stuill sh
[14:40] {magoo} thinking .30 area
[14:40] {nemo} on what mags?
[14:40] {magoo} sh DNDN
[14:41] {jfjf64} kgc kgc kgc
[14:42] {magoo} cov .33 ty vad, + .67 FL
[14:42] {Threei} welcome
[14:42] {Threei} finally I hit serious one
[14:42] {magoo} HEY, it was my spot LOL
[14:42] {Threei} whatever
[14:43] {Threei} sniff sniff
[14:43] {Threei} you can have it
[14:43] {Threei} I will just sit in the corner
[14:43] {magoo} [14:29] {magoo} DNDN maybe vad?
[14:43] {Threei} with my bottle of beer
[14:43] {nemo} beer?
[14:43] {Threei} yes
[14:43] {magoo} [14:38] {@Threei} lol mags
[14:43] {magoo} [14:38] {@Threei} you played it?
[14:43] {magoo} [14:38] {magoo} sure, stuill sh
[14:43] {dptl} nah..out +.01 nrg
[14:44] {Les} dndn
[14:44] {Les} wrong window
[14:45] {Les} nice call on DNDN there. was watching south park with kids.
[14:45] {nemo} wow, let the kids watch south park
[14:45] {Les} I explain it to them
[14:46] {jfjf64} 1/1 kgc
[14:46] {shorty} Back are we in anything?
[14:46] {Les} The money's been made man
[14:46] {Les} we are finished
[14:46] {shorty} thx,bye
[14:47] {Threei} ugh, you missed this DND short shorty?
[14:47] {jfjf64} out
[14:47] {Threei} DNDN
[14:47] {Threei} was beautiful call by mags
[14:47] {_stewy} and i'm stuck to the wall...
[14:47] {Threei} lol
[14:48] {Les} ?
[14:48] {Threei} come on, come unglued already
[14:48] {dino} clf sm l .50
[14:48] {shorty} Have a drink
[14:48] {shorty} dino! I missed it, I was too slow.
[14:50] {dino} hum dee dum
[14:50] {magoo} christ shorty, u wee born (named) to short and u missed them
[14:51] {magoo} man my .33 exit vad was it
[14:51] {shorty} I was away magoo. I love to short, and I missed a good one.
[14:51] {Threei} yup, nailed reversal
[14:51] {magoo} i dont think it printed .29
[14:52] {magoo} to bad we didnt reverse it
[14:52] {Threei} no, .31 is lowest print
[14:52] {Les} where'd you short mags?
[14:52] {magoo} 47 to 46.33 FL
[14:52] {magoo} the whole room did
[14:52] {Les} sweet
[14:53] {Les} what? the whole room went nearly 70 cents?
[14:53] {Les} c'mon, we can't all be like you...
[14:53] {magoo} sure
[14:54] {Les} well that would have been icing on cake but there are no complaints from me today
[14:56] {RonS} White House: Obama 'Deeply Frustrated' Gulf Leak Not Plugged 05/11 12:55 PM
[14:59] {Les} RIG
[14:59] {Les} s.98
[15:00] {Les} out +.22 sweeeeeeeeeeeet
[15:00] {Les} in my best eric cartman voice
[15:01] {dino} stopped clf
[15:01] {dino} -.32
[15:01] {magoo} vad..ROCK or ROT last hour?
[15:02] {Threei} rot
[15:02] {Les} rot
[15:02] {Les} oops
[15:02] {dino} bet is up
[15:02] {dino} back in 10
[15:02] {magoo} looking ugly hrere
[15:02] {Les} stupid me, looking for a ticker
[15:06] {nemo} if indexes start dropping and fcx b/d .50
[15:07] {dino} cf sm l .00
[15:08] {nemo} whoa dropped to quick
[15:12] {Threei} AIG worked too... unobtainable for us though
[15:12] {dino} clf sm l .00
[15:13] {magoo} just realized we missed the VXX move
[15:13] {Threei} true but I seriously have hard time reading it
[15:14] {Threei} darn thing has rare ability to shake out 9 out of 10 entries that eventually prove right, lol
[15:15] {Threei} all in all, did we have decent day today?
[15:15] {Les} bp .75 b/d
[15:15] {nemo} ?
[15:16] {Threei} aside of nemo who has his finger stuck in that question mark key
[15:16] {nemo} !
[15:18] {dino} these daily individual stock moves of 4-7% are something....
[15:18] {dino} they do a year in a day
[15:19] {RonS} ...it's like bull riding dino
[15:19] {Threei} VXX feels like spiking
[15:19] {magoo} indicative of a trend change...and not for the better
[15:19] {Threei} and drops
[15:19] {Threei} and spikes
[15:19] {Threei} see how tough this one is?
[15:20] {jfjf64} very tough
[15:22] {Les} RIG trying to hold .75
[15:23] {Les} stopped rig ouch
[15:23] {nemo} got a boo boo?
[15:23] {Les} I lost my binky
[15:23] {nemo} dino left?
[15:24] {Threei} wat did you try to do with RIG?
[15:24] {Les} was short .74. stop .90 but it jumped up to .97
[15:25] {jfjf64} callin it aday friends see ya
[15:25] {nemo} get some vaseline Les
[15:28] {Threei} take care jf
[15:28] {Les} crap RIG was crawling up support didn't see it. Try to avoid support zones
[15:29] {Les} fcx .50
[15:31] {Les} s fcx .48 rig .74 smallish shares
[15:32] {Threei} (US) Congressman Brad Sherman (D-CA) suggests putting a tax on high frequency trading to discourage reckless behavior (related XLF ITG NITE GS IAP.UK DB1.GE LSE.UK )
[15:32] {Les} put tax on congressional suggestions
[15:33] {Les} everytime they open their mouths
[15:33] {Threei} good idea
[15:33] {Threei} {--- adding mr Sherman to the list of idiots
[15:33] {Les} what smooth running of govt. would follow...
[15:34] {Les} out +.06 fcx pulling teeth again
[15:35] {Les} out -.06 rig
[15:37] {Threei} GLD Spot Gold moves to new all time highs
[15:37] {Threei} great success of montetary policy
[15:38] {Les} small l clf .90
[15:50] {shorty} good night all.
[15:51] {Threei} take care shorty
[15:51] {dino} cya
[15:51] {Les} ciao shorty, although it can't be night where you are, can it?
[15:52] {shorty} no....14:00 hrs
[15:52] {Les} little nap time for you is it...
[15:52] {shorty} dino good news...I can officially handle your stop loss.
[15:53] {Les} stopped CLF -.10 friggin dog
[15:53] {dino} lots of pain for only 31, 1, and 3 down
[15:54] {Les} day finished a dog. went back to the trough too many times
[15:55] {dptl} good evening all
[15:56] {Les} ciao
[15:56] {dino} gj shorty
[15:56] {dino} cya dp
[15:56] {Threei} thank you all, have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {nemo} gnite
[15:56] {magoo} va WAIT
[15:57] {Les} say g'day to the missus for us.
[15:58] {dino} out cf .95 -.05
[15:58] {_stewy} entertaining. see ya in the morn
[15:58] {magoo} night all
[15:58] {dino} out clf -.15
[15:59] {Les} night all
[15:59] {dino} cya les
[15:59] {dino} well theres the 3 days in one, -100 to +80 to -35