Friday, May 14, 2010

May 14 2010

Empty day with a lot of churning, ending up mostly flat. Stop here, win there, averaging each other out.

Session Time: Fri May 14 00:00:00 2010

[07:59] {magoo} yabba dabba dooooooo
[08:00] {strider} morning
[08:00] {magoo} morn strider, hows the harley?
[08:00] {strider} don't have a Harley. Kawasaki Nomad.
[08:01] {Threei} V Pre-market weakness stems from Senate approval of amendment to financial reform bill requiring "reasonable" credit card interchange fees (85.73, 0.00, 0.00%) (related MA JPM BAC DFS AXP )
[08:01] {magoo} oh, i knew u had a bike
[08:01] {Threei} morning guys
[08:01] {magoo} hi vad
[08:01] {strider} Yeah. gonna take off for the weekend later today.
[08:01] {Threei} Lawmakers voted 64-33 yesterday to approve the measure from Senate Majority Whip Richard Durbin, who seeks to ensure that debit-card interchange, or swipe fees, charged to merchants are reasonable and proportional to the cost of processing transactions.
[08:02] {magoo} vad, and broader mkts perceive this negative?
[08:02] {Threei} I don't think market drop is related
[08:03] {Threei} part of it, may be
[08:03] {Threei} but overall, market just weak
[08:03] {strider} BP down.
[08:03] {strider} Long from 46.77
[08:04] {Threei} nice
[08:11] {magoo} wow, MA crushed 17
[08:11] {magoo} V 6
[08:12] {Threei} AXP is an oddball
[08:12] {Threei} less than dollar down
[08:13] {Threei} (EU) Draft statement from EU finance ministers baks call for "peer review" of annual budgets from member states
[08:13] {Threei} yeah... good luck
[08:14] {Threei} BP Exec: Updates on oil spill, aiming to insert tube into leaking pipe within 24 hours
[08:15] {Threei} (EU) Former IMF Economist Rogoff: Weakening euro is not all bad, will greatly help the competitiveness of European exports and spur growth
[08:15] {dptl} good morning
[08:15] {Threei} dp :)
[08:15] {nemo} AWIAV?
[08:16] {Threei} in deep thoughts about sad sad destiny of the world
[08:16] {nemo} It's worse than you think
[08:16] {Threei} I start realizing that
[08:17] {Threei} I thought it was half dead
[08:17] {nemo} told ya' first wave 2007, 2nd wave 2010, coup de grace....2012
[08:19] {Les} oh belt up nemo, only coup de grace will be you for being so negative...
[08:19] {Les} afternoon
[08:19] {Threei} mo Les, I am moving therer rapidly too
[08:19] {Threei} hi
[08:21] {Les} managed to hook up a 3rd screen today. messing with windows is not fun
[08:21] {strider} out 1/2 BP +.20
[08:22] {Threei} it'll [ay foritself les
[08:22] {Threei} much easier when you don't have too much overlapping
[08:22] {Les} will start monitoring your demo scanner to bring it in to my routine
[08:30] {Threei} US) APRIL ADVANCE RETAIL SALES:0.4% V 0.2%E; EX AUTOS: 0.4% V 0.4%E
[08:30] {Threei} - Retail Sales Ex Auto&Gas: % v 0.3%e
[08:33] {strider} stop 3rd 1/4 BP +.20 14 left from .77
[08:34] {strider} 1/4
[08:41] {Threei} great management
[08:42] {strider} thx
[08:48] {Threei} Hon Hai Precision Industries 6th employee commits suicide since beginning of 2010 - WSJ
[08:48] {Threei} - two additional employees have been injured after failed attempts to commit suicide
[08:48] {Threei} what the deuce
[08:49] {Threei} what do they produce over there
[08:50] {magoo} vad, wheres the bounce in MA
[08:52] {Threei} no idea, this can drop much deeper than most think
[08:53] {Les} MA definitely in freefall on all time frames
[08:53] {magoo} quite a move down right now, addt'l 8 pts
[08:53] {Les} my guess - 200?
[08:53] {Les} for a bounce with less risk
[08:54] {Les} news?
[08:54] {Threei} [08:01] {Threei} V Pre-market weakness stems from Senate approval of amendment to financial reform bill requiring "reasonable" credit card interchange fees
[08:54] {Threei} Lawmakers voted 64-33 yesterday to approve the measure from Senate Majority Whip Richard Durbin, who seeks to ensure that debit-card interchange, or swipe fees, charged to merchants are reasonable and proportional to the cost of processing transactions.
[08:55] {Les} are they unreasonable now?
[08:55] {Threei} Richard Durbin and 63 more thought so
[08:56] {Les} I guess they're the only ones that count
[08:57] {magoo} l MA 210
[08:57] {magoo} theres the bounce :)
[08:58] {strider} dead cat
[08:58] {magoo} out
[08:58] {magoo} yup
[08:58] {Les} u get it?
[09:01] {RonS} gm gents...the action in haup is really curious
[09:01] {Threei} Ron :)
[09:02] {Threei} May 13, 2010 3:44:45 PM
[09:02] {Threei} Hauppauge Digital Inc UDPATE: Hauppauge Launches Live TV Support for the iPad and iPhone
[09:02] {Threei} - announced today that their WinTV-HVR TV tuner boards for PCs can now stream live TV over the Internet to the iPad, iPhone and iPod touch and any Apple Macintosh computer which supports a Safari web browser.
[09:02] {Les} woohoo
[09:03] {RonS} aapl acolytes running amok
[09:06] {RonS} may be something to consider: point being made that US market downlegs are being preceded by down moves in the euro/yen up to an hour before
[09:09] {dino} gm all
[09:09] {nemo} mornin'
[09:09] {Threei} dino :)
[09:12] {dino} think i will be looking for gap fill plays today
[09:12] {Les} stocks to go down and then bounce on gap fill?
[09:12] {dino} yes
[09:13] {magoo} i was looking at charts, alot have filled and below
[09:13] {dino} friday close gaps should come into play
[09:13] {dino} mondays' too
[09:15] {dino} keep in mind options exp friday the 21st
[09:15] {Threei} *(US) APRIL INDUSTRIAL PRODUCTION: 0.8% V 0.7%E: CAPACITY UTILIZATION : 73.7% V 73.8%E
[09:17] {Les} l MA 211 100 shares only
[09:19] {nemo} fcx might be short break 70.00
[09:19] {nemo} fas too brealk of .50
[09:19] {shorty} good morning
[09:19] {Threei} shorty :)
[09:21] {lasertrev} good morning
[09:21] {_stewy} good morning all
[09:21] {Les} ou MA +1.50
[09:22] {Threei} trev, stewy :)
[09:23] {Threei} (SP) Spanish union calls for "massive protests" against austerity measures
[09:23] {Threei} yeah, what's up with suddent belt tightening
[09:24] {Threei} life was so grand
[09:27] {jfjf64} mornin
[09:27] {nemo} anything on the radar?
[09:27] {dino} fcx gap around 68 nemo, fwiw
[09:28] {nemo} drop below 70 could be niche short
[09:29] {Threei} HAUP's crazy
[09:29] {Les} damn could've finished up already had I held MA
[09:30] {jfjf64} spy huge level
[09:31] {Threei} Short Setup: LVS .95 break
[09:31] {Threei} if stays under 24.05
[09:33] {Threei} no go
[09:33] {shorty} out
[09:35] {Threei} rinse
[09:35] {shorty} darn
[09:38] {Threei} US) Preview: May Preliminary University of Michigan Confidence due out at 09:55ET
[09:38] {Threei} **consensus expectation: 73.5e v 72.2 prior
[09:39] {Threei} Long Setup: WFC .50 break
[09:39] {nemo} stop .35?
[09:39] {Threei} ITMN Early strength attributed to takeover chatter
[09:39] {Threei} - NVS rumored as a potential acquirer (11.08, +0.32, 2.97%)
[09:40] {strider} stopped balance BP +.03
[09:40] {Threei} under .40 for scalpers
[09:40] {Threei} .35 for day trade
[09:40] {Threei} if market bounces, can do more than scalp
[09:40] {nemo} this a two way trae?
[09:40] {Threei} yes
[09:42] {Threei} no footing at all
[09:42] {nemo} but support @ 30
[09:42] {jfjf64} crus s .90
[09:42] {Threei} not with such market drop
[09:42] {Threei} no supports hold
[09:42] {Les} IB has gone to sleep. losing a fortune her4e
[09:42] {Threei} EU) German Chancellor Merkel: Europe is in a very serious situation; solution is not guranteed
[09:43] {Threei} what support with such headlines
[09:44] {Threei} ugh
[09:44] {Threei} RIMM
[09:45] {Threei} .40 break long, was later to alert
[09:45] {Threei} one of rare green stocks
[09:45] {dino} ups sm l .00
[09:47] {Threei} Long Setup: RIMM .30 break
[09:47] {Threei} if sstays above .20
[09:47] {Threei} 10 cents recross from here
[09:48] {Threei} that was way too fast for entry
[09:48] {Threei} anyone caught it by miracle?
[09:48] {magoo} missed
[09:48] {dino} vit sm l ave .04
[09:50] {Threei} one more leg down and hunt is on again on RIMM
[09:50] {dino} old friend cyd interesting
[09:50] {Threei} 66 cross
[09:50] {dino} csco gap around 22.70
[09:50] {dino} 24.70
[09:50] {magoo} HAUP vad, poerful
[09:50] {nemo} kinda' volatile this morning
[09:51] {dino} intc around 21.40
[09:51] {Threei} out half RIMM
[09:53] {Threei} out in full
[09:53] {dino} fdx around 86.40
[09:53] {Threei} +.18 and +.05
[09:53] {dino} filled opps
[09:53] {Threei} HAUP typical momo mags
[09:53] {Threei} no technicals
[09:53] {Threei} pure feel
[09:54] {dino} gj 3i
[09:54] {Threei} LVS
[09:54] {Threei} double bottom watch
[09:54] {Threei} .70 break long
[09:54] {Threei} if holding .60
[09:54] {Threei} merely digging out dino
[09:55] {Threei} invalidated
[09:56] {dino} woof
[09:57] {dino} feels like re-test
[09:57] {Threei} bounce time
[09:57] {dino} fdx sm l .35
[09:57] {Threei} LVS, risky but seems reinstated
[09:58] {dino} cyd sm l .14
[09:59] {dino} enough on, lets see what happens
[10:00] {Threei} re-invalidated
[10:00] {Threei} bp
[10:01] {dino} stopped ups -.35
[10:03] {Threei} CRME Announce Phase III Study Results with MRK Comparing Investigational Compound BRINAVESSTM (Vernakalant) Intravenous to Amiodarone Injection in Conversion of Atrial Fibrillation to Normal Sinus Rhythm
[10:03] {Threei} a lot of mambo jumbo
[10:03] {Threei} can't understand positive or negative
[10:03] {Threei} neither can market
[10:03] {Threei} spike, drop
[10:03] {Threei} now everypne reads
[10:04] {Les} out HAUP flat missed .80 spike and not encouraged by strength
[10:04] {dino} odd pot, mos hold, cf blood
[10:05] {dino} cf sm l .90
[10:07] {nemo} ma looks like a great short, but what a stop!
[10:08] {dino} csco l .80
[10:10] {magoo} bounce time GS
[10:10] {magoo} indicates
[10:10] {magoo} haup long .50 RIOSKY trigg
[10:11] {Threei} RIMM, dive to .50 for long entry
[10:11] {Threei} no chance
[10:12] {dino} f l .09
[10:13] {Threei} US) March Factory orders revised lower to +1.1% from +1.3% first reported 5/4
[10:13] {Threei} - March Durables orders revised lower to -1.2% from -0.6% prior
[10:13] {Threei} pulling back, RIMM
[10:14] {Threei} recross
[10:14] {Threei} stop under .40
[10:14] {nemo} recross 60?
[10:14] {dino} untrusting..
[10:14] {Threei} well, formally .45, but too tight for this stock
[10:14] {Threei} .50
[10:14] {nemo} oh
[10:15] {Threei} 1:1
[10:15] {Threei} grrr LVS
[10:15] {dino} buy the dips
[10:15] {Threei} WFC CFO: Affirms long term Rev growth goals at approx 10%, with ROA approx 1.5% - investor conference
[10:15] {Threei} - sees long term Tier common at approx 8%
[10:16] {dino} out cf .72, +.82
[10:17] {shorty} wtg dino
[10:17] {dino} out fdx .85, +.50
[10:17] {Threei} nice
[10:17] {dino} out csco .00, +.20
[10:17] {Threei} RIMM, one more leg down to get interested again
[10:18] {shorty} dino, your rackets are coming in.
[10:18] {dino} we having fun yet?
[10:18] {dino} luv big down days
[10:18] {shorty} I am down a lot this morning already.
[10:18] {dino} big ups can't trade
[10:18] {dino} find your nitch
[10:18] {shorty} CLF b/o?
[10:19] {shorty} you are right dino.
[10:19] {dino} dk, metals bad news earlier
[10:19] {Threei} explain "a lot"
[10:19] {dino} cf fast drop
[10:19] {Threei} two 10 ceents stops
[10:19] {Threei} one 20 cents win
[10:19] {Threei} what is it you are doing?
[10:19] {dino} still lagging pot mos
[10:19] {shorty} - $176
[10:20] {shorty} 80 cents
[10:20] {dino} giddy-up
[10:21] {dino} apol sm l .99
[10:21] {Threei} Long Setup: WFC .80 break
[10:21] {Threei} if stays above .70
[10:22] {magoo} in
[10:22] {Threei} shorty, take a pause please... I don't understand where you found 80 cents
[10:23] {Threei} you are doing something against the grain
[10:23] {dino} intc l .95
[10:24] {shorty} I will Threei. I went in UPS with dino, that kind of hurt a bit.
[10:24] {dino} sorry bro, big rinse
[10:24] {shorty} lol
[10:24] {Threei} you realize that dino plays are much more volatile than average?
[10:24] {dino} keep your stop
[10:24] {Threei} you can't play them with the same size
[10:24] {shorty} I do, and I kinda like it.
[10:25] {dino} shorty if i say sm, it is wide and wild
[10:25] {Threei} dino plays them for many years, and the size he uses is smaller than our average plays
[10:25] {dino} look csco, no sm ment 1k, same intc. so .12 stop
[10:25] {Threei} nothing's wrong with liking them, but risk control is a bit different
[10:25] {dino} sm stops .30-.40
[10:25] {shorty} I understand. I don't play more than 200 shares.
[10:26] {Threei} what do you play on our nrmal ones?
[10:26] {shorty} Same, 200.
[10:26] {Threei} well, that isn't right
[10:27] {Threei} same size for 10 cents stop and 40 cents stop?
[10:27] {magoo} out wfc
[10:27] {magoo} -.01
[10:27] {dino} correct 3i. shorty sm means small, size down and widen stop
[10:27] {dino} keep it simple dude
[10:27] {shorty} I know, but the company I am with won't let me trade more than 400 for now. Until they see improvement.
[10:28] {Threei} huh?
[10:28] {Threei} never mind... I don't want to know
[10:28] {shorty} It's to keep me safe, I guess.
[10:28] {dino} hmmmmmmm
[10:29] {dino} cyd out here flat, drop coming
[10:29] {Threei} but assuming you are making decisions, if you play 200 shares with 10 cents stop, why do you keep same size for 40?
[10:29] {Threei} why not drop it?
[10:30] {dino} idsa sm .05 wide
[10:30] {shorty} I don't have 25 k in my account, so they circumvent that day traders rule. In case I have to re locate to the US. My wife is a professional, and we might end up moving there.
[10:31] {dino} nice
[10:32] {strider} WFC
[10:33] {shorty} You are still in APOL dino?
[10:33] {Threei} LVS big pullback
[10:33] {Threei} needs some more I think
[10:34] {Threei} not ready for bounce yet
[10:35] {Threei} I am not even sure we are still in bounce search mode...
[10:35] {dino} y
[10:36] {Threei} market has this ominous feel
[10:36] {Threei} of big panic coming
[10:36] {dino} lod +.01 stop
[10:36] {shorty} ty
[10:40] {magoo} TIVO
[10:40] {Threei} no news yet
[10:41] {dino} tivo
[10:41] {dino} pain
[10:41] {Threei} TIVO US Appeals court grants SATS leafve to file reply in support of petition (13.70, -3.69, -21.22%) (related SATS )
[10:41] {Threei} LVS...
[10:41] {Threei} inverted C&H
[10:42] {Threei} IT IS ORDERED THAT:
[10:42] {Threei} (1) The petition of Defendants-Appellants EchoStar Corporation et al. for panel rehearing is denied.
[10:42] {Threei} (2) The petition of Defendants-Appellants EchoStar Corporation, et al. for rehearing en banc is granted.
[10:42] {Threei} (3) The courts March 4, 2010 opinion is vacated, and the appeal is reinstated.
[10:43] {Threei} invalidated LVS
[10:43] {dino} dish
[10:46] {dino} cyd held well, re-load .12 sm l
[10:48] {Threei} grabbed some short on TIVO
[10:48] {Threei} covered a bit too soon
[10:48] {shorty} wow, nice
[10:48] {Threei} I mean seriously too soon
[10:49] {Threei} I mean so soon, it's almost indecent
[10:49] {shorty} Like, shorty type of too soon?
[10:49] {Threei} 13.12 enrey, 12.65 cover
[10:49] {Les} oh do be happy for the judicial system that gave you this opp vad.
[10:49] {Threei} lol
[10:49] {Threei} true
[10:49] {shorty} lol
[10:50] {Les} america needs more lawyers!
[10:50] {dino} gutsy move mav
[10:50] {dino} mr t (ivo), "whats your prediction?; pain"
[10:50] {dino} les is on ignore
[10:50] {Les} :D
[10:51] {dino} we forgot about vxx again
[10:51] {shorty} Stopped APOL
[10:52] {dino} i hope you aren't just taking the losers shorty
[10:52] {shorty} lol
[10:52] {Threei} didn't really forget dino... I just can't find reliable way to play it
[10:52] {dino} seriously
[10:52] {Threei} it's tracking is not precise
[10:52] {Threei} dances all over too much
[10:52] {shorty} I had CF
[10:53] {dino} if you bat .60-.66, all must be played
[10:53] {shorty} Only one winner.
[10:54] {dino} i expect to lose (on some) its an odds game
[10:54] {dino} and apol still alive
[10:54] {shorty} Bad start to the day. Get back on the horse, that is all I can do.
[10:55] {Threei} June Gold reverses more than $25 from its highs to trade into negative territory (related GLD )
[10:56] {dino} apol stopped -.30
[10:56] {RonS} tivo sm l .40
[11:00] {RonS} out tivo .80 +.40
[11:00] {Threei} wtg
[11:00] {dino} gj
[11:01] {RonS} dish will lose this appeal...or buy tivo before
[11:01] {dino} watching cf, fdx
[11:01] {Threei} TIVO was around 10 when favorable court ruling came
[11:02] {Threei} (EU) ECB's Weber: There is no alternative to credible and rapid fiscal consolidation
[11:02] {Threei} - Providing markets with liquidity is essential for properly functioning markets and monetary policy.
[11:02] {Threei} - The cost of higher inflation should not be underestimated, allowing a permanent increase in inflation expectations is not an option.
[11:03] {Threei} credible and rapid fiscal consolidation
[11:03] {Threei} bastards use the situation to advance their union agenda
[11:03] {Les} a la United States without popular mandate
[11:03] {Threei} "never let good crisis go to waste"
[11:03] {dino} intc stopped -.12
[11:04] {Threei} IMF: Government debts will impact global economic growth; advanced economies GDP could decline 0.5%/annum if debts not reduced to pre-crisis level
[11:04] {Threei} - forecasting advanced economy debt/gdp ratios near 110% in 2015
[11:04] {Threei} - IMF sees Japan debt to approach 250% of GDP at 2015
[11:06] {Threei} EUR/USD Sets fresh session lows below the 1.2400 level, Dealers watching the 2008 crisis low of 1.2329
[11:07] {Threei} here comes my panic
[11:07] {RonS} Moody's says there is a "greater than" 80% chance Greece's sovereign rating will be cut again. I expect the EU parade of denials anytime now
[11:08] {RonS} ...from John Kicklighter on dailyfx
[11:10] {KSystems} Hi :)
[11:10] {Threei} ks :)
[11:11] {Threei} this is going to be blck Friday
[11:11] {Threei} black too
[11:11] {RonS} K paso? :)
[11:11] {Threei} one last bounce
[11:11] {Threei} then deep plunge
[11:12] {Threei} VXX... maybe on dip to about .40
[11:12] {Threei} watching for entry
[11:15] {Threei} .20 cross
[11:15] {Threei} if stays above .10
[11:16] {Threei} (FR) Fitch affirms no change has been made to the France debt rating at AAA; stable outlook (update) (related FIM.FR )
[11:16] {Threei} 1:1
[11:16] {dino} rumors yesterday france debt problems
[11:16] {Les} impressive vad you speak and my scalping works just fine
[11:17] {Les} I love it when you say things like that
[11:17] {Threei} you mean your account reacts on sound of my voice?
[11:17] {Les} almost
[11:17] {RonS} ...bromance...
[11:18] {Les} but you can't claim royalties on it
[11:18] {Threei} don't even ron
[11:18] {RonS} hehe
[11:18] {Threei} lol
[11:18] {Threei} TIVO, all the eay back
[11:18] {Threei} look at daily
[11:18] {Les} 400 in scalps as MA bounces up and down
[11:18] {Threei} mirrored that huge green candle with this red one
[11:19] {RonS} i want 10.20 tivo
[11:19] {Les} unfortunately I'm so deep in a hole trading MA the way I think it should trade so good to get back on track
[11:19] {Threei} over 1:2 VXX
[11:19] {Threei} whew... finally found some profit in this thing
[11:19] {dino} new lows
[11:20] {Threei} aww
[11:20] {Threei} sold VXX too soon again
[11:21] {dino} whoosh down coming
[11:22] {Threei} good thing I backed off bounce search
[11:22] {Threei} this is going to be relentlessly red'
[11:22] {Les} s MA .38 look for 207.50 if market drop continues
[11:22] {Threei} can I have my VXX bought at .21 back?
[11:24] {Les} stopped MA
[11:24] {dino} sm l fdx .70
[11:25] {Threei} this last trade fixed the day, but now I want profit
[11:25] {Threei} not counting TIVO profit since it was not a call
[11:25] {dino} cf sm l .55
[11:26] {dino} fcx gap filled, nemo great call break of 70
[11:27] {nemo} bounced at pivot support .50
[11:30] {dino} clf sm l .75
[11:30] {RonS} bidu is kinda holding up...
[11:31] {nemo} inverse H&S on fcx an fas
[11:32] {Threei} they all mirror the market overall
[11:32] {nemo} yeah
[11:32] {Threei} look at SPY, same H&S
[11:33] {dino} beer says we finish green
[11:33] {nemo} ?
[11:33] {Threei} no way
[11:34] {dino} i will buy a beer for magoo if we don't finish green.
[11:34] {nemo} at your sister's pub?
[11:34] {dino} sure, its on the way home
[11:35] {Threei} EU) EU Central Banks reportedly are continuing to purchase sovereign debt in consistent manner, will continue until formal end is announced - unconfirmed report
[11:35] {Threei} formal end of what?
[11:36] {dino} end of the euro i guess
[11:36] {Threei} lol
[11:36] {Les} haha
[11:36] {Threei} you knew I was fishing for this answer
[11:36] {dino} salvation thru inflation
[11:37] {Les} we like to play the game
[11:37] {dino} seriously, pay attention to what they do, not say
[11:37] {Threei} TIVO Statement on Decision by U.S. Court of Appeals (11.09, -6.30, -36.23%)
[11:38] {dino} they are dropping inflation target of 2%
[11:38] {Threei} We are disappointed that we do not yet have finality in this case despite years of litigation but we remain confident that the Federal Circuit's ruling in our favor will be reaffirmed after all of the judges on the Federal Circuit have had the opportunity to review the merits of this case."
[11:38] {dino} depreciating the euro, already down 12%, so debt is lowered
[11:39] {dino} clf broken stopped -.35
[11:39] {nemo} AWIAV?
[11:39] {Threei} TIVO
[11:39] {nemo} really?
[11:39] {Threei} interesting for scalps on pullbacks
[11:40] {Threei} no call, impossible
[11:40] {Threei} way too jumpy
[11:40] {Threei} but there iss a rythm to this madness
[11:40] {nemo} fcx bounce or short?
[11:41] {Threei} I've no idea
[11:41] {Threei} look at VXX
[11:41] {nemo} no eye deer?
[11:41] {Threei} 27 looked like possible entry, but 50 cents in two minutes?
[11:44] {dino} clf sm l .25
[11:46] {Threei} TIVO
[11:47] {Threei} tide seems to turn, buy the dips as dino calls it
[11:48] {nemo} maybe, both spy and Qs are at the S3 pivot support level.
[11:50] {dino} still a battle ground
[11:50] {nemo} yes
[11:50] {Threei} am talking about TIVO only, not the market
[11:52] {dino} ok
[11:54] {dino} get ready for drop, obamination coming on tv
[11:57] {Threei} 71% Say U.S. More Positive Force in World Than UN, Political Class Not So Sure
[11:57] {Threei} IMO, bulldozer is the best solution for UN building
[11:57] {Threei} put political class in it before plowing
[11:58] {dino} agree, get us out of it
[12:01] {Threei} T Exec: could commercially launch 80mbps internet service to homes starting next year
[12:01] {Threei} - testing the service currently
[12:02] {Les} wow MA
[12:02] {dino} out clf .70, +.45
[12:03] {shorty} I followed you on that, but out earlier.
[12:03] {Les} thinking MA precursor of market
[12:03] {Les} seeing, not thinking
[12:03] {Les} my bad
[12:04] {dino} fdx stopped -.30
[12:04] {Threei} WDR Weakness attributed to reports that Waddell Reed may be mystery trader at the center of the "Flash Crash" from last 5/6
[12:05] {Les} mystery trader... they have their scapegoat, do they?
[12:05] {Threei} trying to designate one
[12:05] {dino} seems to me problem was not trader, but no buyers
[12:05] {Les} NO NO NO Dino
[12:06] {Les} thinking like that will get you sent to reeducation camp
[12:06] {dino} lol
[12:06] {strider} Heading off into the wild blue yonder, guys. See you on Monday. Have a good weekend.
[12:06] {dino} cya
[12:06] {Threei} take care strider
[12:06] {RonS} cya strider
[12:06] {Les} ciao. nice day for biking?
[12:06] {strider} thanks. you too.
[12:06] {strider} 50% chance of rain, Les.
[12:06] {Les} ok be safe
[12:07] {strider} But if you aren't willing to get wet, you don't want to ride a bike.
[12:07] {strider} thanks.
[12:07] {Les} you big girl
[12:07] {strider} Wait, let me look.
[12:07] {strider}
[12:07] {Les} MA
[12:07] {Threei} lol
[12:10] {Threei} another leg down is coming
[12:11] {Threei} magoo will have gis beer today
[12:11] {magoo} no way mkt ends green
[12:12] {Threei} nope
[12:12] {Threei} -300
[12:12] {Threei} maybe more
[12:12] {nemo} -400
[12:12] {magoo} -1100
[12:12] {Threei} watch VXX fpr entry
[12:12] {magoo} u gotta call it..i have no feel for it
[12:13] {Threei} neither do I
[12:13] {nemo} great
[12:13] {Threei} best I can do:
[12:13] {nemo} buy on the trend line?
[12:13] {Threei} drop to about .50 - .60
[12:13] {Threei} no nemo
[12:13] {Threei} it doesn't respect them
[12:14] {nemo} seems to be doing a pretty good job today
[12:14] {Threei} Guess Who is on TV
[12:14] {nemo} Rachel McLish
[12:14] {Les} Ray Winstone
[12:14] {dino} dagny tagart
[12:14] {nemo} oh.....go short!
[12:15] {Threei} ok... .80 break
[12:15] {Threei} half lot!
[12:15] {dptl} bp short?
[12:16] {Threei} probably
[12:16] {Les} covered MA
[12:16] {Les} +4.40
[12:16] {Les} still, dicked myself around get pulled long and short.
[12:17] {Les} learning to wait for that one huge break is hard
[12:17] {Threei} but worth it
[12:17] {nemo} short break of 210
[12:17] {RonS} ...that's what she said...
[12:17] {Les} one day it'll be great
[12:17] {nemo} .50 stop, not my idea of fun
[12:18] {Les} covered Nemo, MA seems to be holding here for moment
[12:18] {Les} market seems to have found its feet again
[12:18] {dino} fdx sm l .15
[12:18] {Threei} BP President Obama: New legislation will ensure that BP pays for the Gulf oil spil instead of the US taxpayer
[12:19] {dino} qcom sm l .01
[12:20] {Threei} VXX .55 break
[12:21] {nemo} half lot?
[12:21] {Threei} I think so
[12:21] {dino} ok now that the daily business scolding is over.....
[12:21] {nemo} quite the offer .55
[12:21] {Threei} yup
[12:21] {Threei} lol dino
[12:22] {Threei} - Notes he was disappointed by the fingerpointing seen at hearings before Congress regarding fault for the Gulf oil spill.
[12:22] {Threei} - Administration working to end the "cozy relationship" between the oil industry, regulators.
[12:22] {Threei} - Administration to launch a new effort to examine oil exploration proceedures in the Gulf.
[12:22] {magoo} poor bastard obama, never can has to prep for his 1:30 speech
[12:23] {dino} ups sm l .25
[12:23] {magoo} hasnt completed writing his 3:30 one for today either
[12:23] {RonS} lol
[12:23] {dino} i know how about another czar
[12:24] {Threei} I give up on VXX for today
[12:24] {Threei} just no frikin way to profit from ir
[12:24] {RonS} out cf +.45 thanks dino
[12:24] {dino} gj, still in
[12:25] {shorty} What's your target on FDX, over.
[12:25] {dino} .70s
[12:25] {shorty} ty
[12:25] {dino} but need mkt help
[12:25] {Threei} Long Setup: TIVO .95 break
[12:25] {Threei} if stays above .85
[12:26] {Threei} invalidated
[12:26] {nemo} might want to partial around .45 dino, hasn't broken the 50 ma in a while
[12:27] {dino} maybe so maybe so, but my stop is b/e let see what she does
[12:28] {dino} out cf .05, +.50
[12:28] {dptl} haup .30 break?
[12:28] {RonS} gj dino
[12:29] {Threei} HAUP, no slightest idea
[12:29] {dino} thx
[12:29] {dptl} got long .31
[12:29] {Les} wfc 32 break?
[12:30] {Threei} probably
[12:30] {Threei} needs market help of course
[12:31] {Threei} but feels like should get some
[12:32] {dino} day two starting
[12:33] {Threei} - Notes he was disappointed by the fingerpointing seen at hearings before Congress regarding fault for the Gulf oil spill.
[12:33] {Threei} - Administration working to end the "cozy relationship" between the oil industry, regulators.
[12:33] {Threei} - Administration to launch a new effort to examine oil exploration proceedures in the Gulf.
[12:33] {Threei} oops, wrong paste
[12:33] {Threei} (EU) Czech PM: Makes no sense to discuss euro entry date given current Euro Zone crisis
[12:33] {Threei} no kidding
[12:34] {Les} yeh. political speak for 'screw the euro right now'
[12:36] {shorty} out FDX, ty dino.
[12:36] {dino} gj
[12:38] {Les} l bp .24 stop lod
[12:42] {dino} .70s fdx
[12:42] {shorty} you are the man
[12:42] {dino} giddy-up
[12:43] {Threei} yes dino - but no green, no way, no how
[12:43] {dino} just lucky today, tues and thurs were light days
[12:43] {dino} never say never
[12:43] {dino} especially in this market
[12:44] {dino} you forget i am 3 hours ahead
[12:44] {Threei} lol
[12:44] {shorty} lo
[12:44] {shorty} l
[12:45] {Les} MA next leg down
[12:45] {dino} out fdx .55, +.40
[12:45] {dino} re-load around .25 imo
[12:48] {Les} BP stopped +.04 not ready yet
[12:49] {jfjf64} .94 s axp
[12:49] {Les} not sure market is ready yet
[12:49] {Threei} (CO) Colombia Central Bank: Rapid economic recovery is not spurring inflation
[12:55] {Les} wishy washy me. got rinsed out of BP too easily
[12:56] {Threei} this is today
[12:56] {Threei} rinses all over
[12:56] {Les} yeh just not adhering to dino's setups
[12:58] {Les} I said 26 cent stop and chickened out +.04. market scares me out of position too easily.
[12:58] {Threei} well
[12:58] {Threei} normally I would have chastized you
[12:58] {lasertrev} les dcc
[12:58] {Threei} but today is not everydat
[12:58] {Threei} todays is about twice as scary
[13:00] {dino} ugh fdx
[13:00] {nemo} Dino, FAS gap filled almost to the penny
[13:01] {Les} yeh mindset is fastplay with MA right now. caught pullback at 211.50. so in Magoo mode today
[13:01] {Les} Is that possible?
[13:01] {Threei} yes but are you sure you want to be in it?
[13:01] {Threei} you'd have to wear tutu and do the rain dance while your stock moves
[13:02] {Threei} TIVO
[13:02] {dino} imo we have more to fill below yet, not today, but.....
[13:02] {Les} rofl
[13:02] {Threei} Ron
[13:02] {Threei} getting to your 10.20
[13:03] {dino} took all day, but out vit .46, +.42
[13:03] {RonS} watchin it...
[13:05] {Les} out MA +.65 pullback to near 211.20 would be nice
[13:05] {dino} gj
[13:06] {RonS} ...starting to think they want to run the stops at 10 on tivo
[13:06] {Les} BIDU
[13:06] {Threei} could be
[13:06] {Threei} looks threatening
[13:07] {Les} ah thought .50 could be break but needs some consolidation
[13:09] {Threei} TIVO Lazard Cuts TIVO to Hold from Buy (timing uncertain)
[13:10] {RonS} ...timing was certain...late
[13:11] {dino} intc l .75
[13:12] {dino} value added from lazard
[13:13] {Threei} lol
[13:13] {shorty} what is your stop on INTC dino?
[13:13] {dino} .63
[13:13] {shorty} ty
[13:14] {dino} see if i was lazard, i'd say timing, yeterday
[13:14] {dino} yesterday
[13:15] {dino} out ups .75, +.50
[13:15] {Threei} Waddell & Reed Financial Company confirms it traded e-minis on May 6 and was negatively affected by the "flash crash"
[13:16] {Threei} sorry... affected or caused?
[13:18] {Les} alright no more crazy trades. LT says the check is in Bear's hands so gotta play it safer now
06[13:19] * Threei checks his hands for a check
[13:19] {Les} you're more than welcome to contribute
[13:19] {Threei} TIVO... flush is coming it seems
[13:21] {Les} oh right. I get bear joke now.
[13:21] {Les} sorry, a bit slow
[13:22] {Threei} nemo, not a word
[13:22] {nemo} ?
[13:22] {Threei} lol
[13:22] {Threei} never mind
[13:24] {RonS} dino in intc .70...gotta target?
[13:25] {Threei} - Note: Earlier today reports circulated citing sources close to the Spain Min who claimed Sarkozy had threatened to leave the Eurozone
[13:26] {Threei} translation: Sarkozy sobered up in the mroning ad asked :what what did I say???
[13:26] {Threei} Spain Min who claimed Sarkozy had threatened to leave the Eurozone last weekend if Germany didn't agree to the new 750M support package
[13:27] {Threei} Sarkozy to Spain Min: I don't want you to bring that wine ever again, ever
[13:28] {dino} .85 ron
[13:31] {dino} cut intc -.07 mkt dropping
[13:32] {dino} watch fdx, ups
[13:35] {nemo} wonder if we get a little short covering rally near the end?
[13:36] {shorty} Guys, calling it day. Have a great weekend.
[13:37] {Threei} take care shorty
[13:37] {Threei} take care shorty
[13:37] {dptl} asia?
[13:40] {Threei} not sure I like the idea of breakouts now
[13:40] {dptl} ok ty
[13:41] {dino} cya shorty
[13:42] {dptl} got to go....have a good weekend all
[13:42] {dino} intc l .60 last try stop .49
[13:43] {dino} qcom, adding to it fl .00
[13:47] {Threei} take care dp
[13:49] {dino} cya dp
[13:49] {dino} damn dialup
[13:49] {dino} uhs
[13:49] {Threei} lol
[13:50] {dino} spike
[13:50] {dino} 37-40
[13:50] {dino} cyh too
[13:52] {Threei} PSYS Moves higher on no fresh news; other hospital stocks also ticking higher
[13:52] {Threei} - Reminder: in March PSYS moved sharply higher on news that it approached by third parties for a po... (32.57, +0.57, 1.78%) more... (related UHS )
[13:54] {dino} sm s uhs .50
[13:54] {nemo} oops
[13:55] {dino} tricked me
[13:55] {nemo} I think you're a minute early
[13:56] {dino} yeah
[13:56] {dino} .91 stop jumpy
[13:56] {nemo} nope
[13:56] {dino} stopped
[13:56] {dino} that sucked
[13:56] {nemo} no vaseline on that one
[13:57] {dino} watch the hod
[13:57] {dino} lol
[14:01] {dino} ugh uhs rinsed
[14:02] {Threei} that's the banner plasetered over whole today
[14:02] {nemo} mmmhhhhhh....mos only down .33 today
[14:11] {Threei} new wave of selling seems to be in cards
[14:12] {Threei} TIBX Reminder: as previously announced, TIBX to be added to the S&P400 index after the close today
[14:12] {Threei} - TIBX is replacing CFL, which was acquired by TYC
[14:15] {Threei} if market breaks down,
[14:16] {Threei} Short Setup: LVS .20 break
[14:17] {Threei} all charts look like that is what is coming
[14:20] {nemo} stop .25? or .30?
[14:21] {nemo} scalp and day trade
[14:22] {Threei} .30 IMO
[14:23] {Threei} stays down while market bounces
[14:23] {Threei} ned market reversal back down, and should be so toast
[14:24] {nemo} we're do for short covering
[14:26] {dino} out qcom .13, +.13
[14:28] {Threei} BP looks relatively strong
[14:30] {dino} ctsh sm l .35
[14:32] {nemo} 1 claw left
[14:33] {nemo} damn
[14:33] {Threei} whole day of sch churning
[14:33] {nemo} what's "sch"?
[14:33] {Threei} such
[14:33] {nemo} oh
[14:33] {Threei} scalp here stop there
[14:34] {Threei} annoying
[14:34] {RonS} agree
[14:35] {Threei} probably the toughest week this year
[14:35] {nemo} bohica
[14:35] {Threei} don't remember such struggle in a long time
[14:35] {magoo} me either
[14:36] {Threei} anyway, if we really bounce, BIDU .50 break
[14:36] {nemo} that high aroud .50 has coincided with VWAP since 1
[14:37] {nemo} hah, and the lower boundary since 1 has coincided with the 200 ma
[14:38] {Threei} you are easily amused, eh nemo :)
[14:38] {nemo} perhaps some of the algo's are tracking these
[14:39] {nemo} half out
[14:39] {Threei} that was easy money
[14:40] {nemo} short covering coming maybe
[14:40] {Threei} out in full
[14:40] {nemo} o.k
[14:40] {Threei} +.29
[14:40] {nemo} :)
[14:40] {magoo} ty boss
[14:40] {Threei} welcome sir
[14:40] {nemo} ty
[14:40] {Threei} perfect setup
[14:40] {Threei} but the most amazing this is,
[14:40] {Threei} it's worked
[14:41] {Threei} lol
[14:41] {nemo} hehehehe
[14:41] {Threei} no seriously.. things that work for months, suddenly stop
[14:41] {Threei} or rather, start working randomly
[14:41] {Threei} and readjustment is such a bitch
[14:42] {Threei} I ber larisa would get LVS long around .30 break
[14:42] {Threei} it's her kind of setup
[14:43] {nemo} it turned into a db second inside the BBs Inverted H&S
[14:43] {Threei} and break of upper envelope of descending channel
[14:43] {nemo} yes
[14:43] {Threei} ok, wanna laugh?
[14:43] {Threei} hard
[14:43] {nemo} yes
[14:43] {RonS} is that Russian
[14:44] {Threei} I am up whooping $13.74
[14:44] {Threei} why did I bother to wake up?
[14:44] {nemo} I beat ya'
[14:44] {Threei} you?
[14:44] {nemo} yeah...the fish
[14:44] {Threei} boy that brings my mail beat me today
[14:44] {RonS} but at least it is appreciated dollars
[14:45] {Threei} true
[14:45] {Threei} with conversion to canadian dollar it will be what, 13.84?
[14:45] {Threei} woohoo
[14:45] {RonS} lol
[14:46] {nemo} nah...3% exchange fee
[14:46] {Threei} just one of those day... win loss win loss, a lot of fun and nothing to show for it :)
[14:47] {nemo} well, you got enough to buy a lotter ticket :)
[14:47] {nemo} y
[14:47] {Threei} I'll be back in 15 min, to see maybe we can turn it into +$27.63 day
[14:58] {dino} out intc .68, +.08
[14:58] {RonS} the hardest .08 ever...
[15:00] {dino} yeah
[15:00] {dino} would have held longer, but have to get daughter at bus stop
[15:01] {dino} out ctsh .51, +.16
[15:01] {nemo} bidu could be a short here if it drops 73
[15:01] {dino} back in 10
[15:02] {Les} don't wanna be late for that appt.
[15:06] {Les} MA heading for a b/d s .91
[15:07] {Les} out +.41
[15:09] {Threei} back
[15:09] {Les} WFC .95 breakdown?
[15:09] {Threei} nice one Les
[15:09] {nemo} o.k. been 15 seconds vad...gotta' play?
[15:09] {Threei} everything looks like breakdown to me...
[15:09] {Threei} nohing breaks though
[15:09] {nemo} hehehehe
[15:10] {Threei} ACOR Adage Capital partners discloses new 5.4% passive stake (second largest holder) - filing \
[15:11] {dino} wow cf alomst green
[15:12] {nemo} mos too
[15:14] {Threei} LVS
[15:14] {Threei} does 1 min look like bounbce?
[15:14] {nemo} flip coin
[15:14] {Threei} true
[15:14] {Les} could be action between 2:15 and 2:30
[15:15] {Les} friggin market don't wanna admit when its licked
[15:16] {nemo} well mags, rip or rot?
[15:17] {RonS} ...or meatgrinder peg...
[15:17] {Threei} rofl
[15:17] {Les} ma for a bounce play?
[15:17] {magoo} this mkt is ANUSSSSSS
[15:19] {Les} liking lvs now
[15:19] {Threei} for what?
[15:19] {nemo} for what?
[15:19] {nemo} hehehe
[15:20] {Les} b/d
[15:20] {Les} s .14
[15:20] {nemo} do a Tom Petty, huh?
[15:20] {Les} ?`?
[15:20] {nemo} offer at .15 could be long
[15:20] {nemo} fake offer
[15:22] {Threei} NOW that short worka
[15:22] {Threei} lol
[15:22] {Les} feeling the love
06[15:23] * nemo slaps Les around a bit with a large nail laden 2x4
[15:24] {Les} I was watching spy retreat from from resistance as I shorted lvs
[15:24] {dino} fdx ups
[15:24] {Les} but lvs holding out SOB
[15:27] {dino} missed
[15:28] {dino} ups l .40
[15:30] {Les} MA getting interesting
[15:32] {Les} s MA .20
[15:33] {nemo} supposed to be a big Eurozone meeting this weekend with an announcement before Asia opens up on Sunday
[15:34] {Threei} which means no one knows what to expect from Monay opening,
[15:34] {Threei} thus no clear idea what to do now
[15:34] {nemo} right
[15:34] {Threei} maybe they'll throw couple more trillions
[15:34] {Threei} you know... beat off the wolfpack
[15:35] {nemo} what'll be funny is if they make a big announcement and the market tanks
[15:35] {Les} shit had a marxist friend tell me other night that I don't know what I'm doing cause I didn't speculate on Euro last weekend
[15:35] {Threei} what else could tbey announce
[15:35] {dino} cover should start
[15:36] {Threei} he suggested buying or shorting it les?
[15:36] {dino} they could announce the spring clothing line
[15:36] {Threei} lol dino
[15:36] {dino} seriously, they could suspend shorts again
[15:37] {Threei} good luck
[15:37] {Threei} that would be total suicide
[15:37] {Les} no, he said the real money makers were in there buying Euro last weekend
[15:37] {RonS} no shorts...only culottes
[15:37] {dino} agree, but they did it in '08 and learned nothing from it
[15:38] {dino} they have been talking about that and dirivatives
[15:38] {Les} quoting some friend of mitterand that Europe must protect itself against india and china, and that 1T Euro announcement was evidence of such
[15:38] {dino} wow, he's way off
[15:38] {Les} He listens to intellectuals and politicians too much
[15:39] {dino} watch what they do, not say
[15:39] {Threei} incredible
[15:39] {Les} what do you expect from a former communist party member?
[15:39] {Threei} I'd even say, inkredible
[15:39] {dino} then say it, lol
[15:40] {nemo} so buy 400 fas and 800 faz over the weekend
[15:40] {dino} out ups .53, +.13
[15:41] {RonS} ma looks like it wants to go...
[15:42] {Les} 100 shares so 1.00 stop Ron. Let's see if it makes lod
[15:42] {RonS} yep
[15:42] {nemo} if traders know about that meeting, they'll be looking to get out of short positions
[15:43] {dino} dk nemo, the shorts get killed every monday, especially this past one, brutal
[15:43] {dino} ok, read it wrong, yes
06[15:43] * nemo slaps dino around a bit with a large pair of reading glasses
[15:44] {dino} getting tired, reading wrong and looking at wrong symbols
[15:44] {dino} i deserved that
[15:44] {nemo} getting the rally now
[15:44] {Les} and you haven't even stopped into your sisters yet?
[15:44] {dino} looks like i'm buying
[15:45] {Threei} I am flying
[15:45] {nemo} Green today...yeah...snicker
[15:45] {Threei} GE) Germany Chancellor Merkel has reportedly denied that she waited too long in pledging support for Greece and that that delay may have led to an increase in expense
[15:45] {Threei} - Note: Rumors this morning on the threat by French President Sarkozy to walk out of the Eurozone highlighted that the threat was directly related to the German delay/reluctance in offering aid on Greece
[15:45] {dino} sometimes you gotta say.... "what the f.."
[15:46] {nemo} you mean f...
[15:46] {RonS} catfight
[15:46] {nemo} ?
[15:46] {Les} France is another ponzi scheme
[15:46] {dino} yes
[15:46] {Les} with number of govt. employees that could make Washington blush
[15:46] {dino} they are walking nowhere
[15:46] {Threei} sooner or later each of them falls apart
[15:47] {dino} germany's taking it up the
[15:47] {nemo} with the U.S. right behind them
[15:47] {nemo} arsch
[15:47] {RonS} ying yang
[15:47] {nemo} baloon knot
[15:47] {RonS} what? lol
[15:47] {dino} nasty
[15:47] {nemo} graphically accurate
[15:49] {Threei} WFC...
[15:50] {dino} out f -.05
[15:50] {Les} stopped MA buyers moving in
[15:50] {nemo} break .85
[15:51] {Threei} 1:1
[15:51] {nemo} yeah, moron me hits sell
[15:51] {Les} you know it's friday
[15:51] {nemo} hasn't been my spring
[15:52] {nemo} rimm only down .40
[15:53] {Threei} RIMM was fairly strong most of the day
[15:53] {Threei} WFC nice move
[15:53] {dino} start fresh monday nemo
[15:54] {RonS} good weekend to all ;)
[15:54] {nemo} cy
[15:54] {Threei} you too Ron
[15:54] {dino} cya
[15:55] {dino} out idsa -.05, all day
[15:55] {Les} wow osip on my short list watch for monday
[15:55] {Threei} tiresome and not very productive week
[15:55] {dino} wow -140 dji
[15:56] {dino} day three
[15:56] {Les} no selloff today
[15:56] {nemo} I have 158
[15:56] {nemo} no selloff?
[15:56] {Les} to finish
[15:56] {nemo} shorts covering into the weekend
[15:57] {dino} average week
[15:57] {Les} was looking for panic
[15:57] {nemo} no way
[15:57] {dino} but tires
[15:57] {dino} tired
[15:58] {Les} ok didn't think of short covering at close there holding MA
[15:58] {Les} will have to watch this phenomena more carefully
[15:58] {dino} out cyd -.21 all day
[15:58] {Threei} ok guys'
[15:58] {Threei} thank you all
[15:59] {Threei} have a great weekend
[15:59] {nemo} c u
[15:59] {Threei} see you asll fresh and rested on Monday
[15:59] {Threei} and we will chew them up and spit them out
[15:59] {Threei} or they us
[15:59] {Les} yeh u too ciao
[15:59] {Les} or it will rain
[15:59] {Threei} right