Tuesday, May 18, 2010

May 18 2010

The day started slowly but gradually developed into 100% one: 6 calls, 6 wins. No complaints here, really.

Session Time: Tue May 18 00:00:01 2010

[05:14] {KSystems} good morning
[07:59] {magoo} micMorning
[08:03] {Threei} ALTH Granted FDA Orphan Drug Designation for the Treatment of Bladder Cancer
[08:10] {Threei} US) Preview: April Housing Starts data due out at 08:30 ET (12:30 GMT)
[08:10] {Threei} - Housing Starts: Consensus expectations are 650Ke v 626K prior
[08:10] {Threei} US) Preview: Mar Producer Price Index and PPI ex Food & Energy due at 8:30 ET (12:30 GMT)
[08:10] {Threei} - Producer Price Index MoM: 0.1%e v 0.7% prior; YoY expected at 5.6%e v 6.0% prior
[08:18] {dptl} good morning
[08:19] {Threei} dp :)
[08:22] {nemo} Is there anybody out there?
[08:23] {Threei} yawn.. yeah
[08:28] {magoo} get to work, we could be up millions already he he
[08:28] {Threei} sorry sir
[08:28] {Threei} right away sir
[08:30] {Threei} *(US) APRIL HOUSING STARTS: 672K V 650KE; BUILDING PERMITS: 606K V 680KE
[08:30] {Threei} *(US) APRIL PRODUCER PRICES M/M: -0.1% V 0.1%E; PPI EX FOOD & ENERGY M/M: +0.2% V 0.1%E
[08:30] {Threei} - PPI YoY: 5.5% v 5.6%e
[08:30] {Threei} - PPI Ex Food & Energy YoY: 1.0% v 0.9%e
[08:34] {magoo} so alot of people started there house construction without permitds lol
[08:34] {magoo} APRIL HOUSING STARTS: 672K V 650KE; BUILDING PERMITS: 606K V 680KE
[08:35] {Threei} lol
[08:46] {Threei} (EU) ECB's Weber: Companies must contribute to financial reform; should not go back to old habits after economic recovery
[08:46] {Threei} what is the difference between "unbelieavable", I can't believe it" and impossible to believe"
[08:47] {Les} what is there to believe?
[08:47] {Les} hey , you've lived socialism
[08:47] {Threei} Europe
[08:47] {Les} does it work?
[08:47] {Threei} yes... that's why I can't believe world hasn't learned anything
[08:48] {Les} I dunno what game they're playing
[08:48] {Threei} I do
[08:48] {Les} Europe wants to scare everyone and everything
[08:48] {Threei} they play the same game that in the past lead to losing every time it was tried
[08:49] {Les} unless they take total control, yeh, they have to back down at some point
[08:49] {Threei} like a siren song... no one ever survived the encounter yet who of us can resist
[08:49] {Threei} if they take total control they die just as well
[08:49] {Threei} USSR was in total control
[08:49] {Threei} look wheat it got them
[08:49] {Threei} what
[08:51] {Les} what do you make of NBS? pullback that might be good for a long entry?
[08:51] {Les} or just flying crap?
[08:52] {Threei} stem cell...
[08:53] {Threei} haven't seen any of them hat wouldn't be just crap, sometimes flying...
[08:53] {Threei} sooner or later some will be exception of course
[08:53] {Threei} but so far look at any of them
[08:53] {Threei} STEM, ASTM, KOOL,
[08:53] {Threei} GERN
[08:54] {Les} might watch to see if top is in. given daily picture it might pullback and consolidate lower
[08:55] {Les} thanks for other name
[08:55] {Les} names
[09:02] {strider} Morning humans.
[09:02] {strider} Morning nemo.
[09:02] {nemo} wow...yawn
[09:02] {Threei} as a representative for humans: strider :)
[09:02] {strider} :)
[09:03] {nemo} I type pretty quickly with fins
[09:03] {strider} Put a fish in front of a typewriter, and eventually.......
[09:03] {Les} and bite like a shark
[09:03] {Threei} me too, with knees... it's just that I rarely get the right keys
[09:06] {Les} or maybe grazes like a dugong?
[09:09] {nemo} lari's back
[09:09] {Les} looks like yesterday afternoon was good reversal play
[09:09] {larisa} gm :)
[09:09] {Threei} larisa :)
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:10] {nemo} :)
[09:10] {Les} hi dino, lari
[09:10] {larisa} :)
[09:11] {dino} :)
[09:12] {Les} hmm grind up close gap day?
[09:12] {ese} good morning....was in vancouver for 4 days.....hows it goin
[09:13] {Threei} ese :)
[09:13] {ese} morning vad
[09:15] {shorty} good morning
[09:15] {Threei} CYTK Announces Presentation of Non-Clinical Data From Its Smooth Muscle Contractility Program at the American Thoracic Society's 2010 International Conference (3.02, 0.00, 0.00%)
[09:15] {Threei} shorty :)
[09:19] {RonS} g'day mates :)
[09:19] {Threei} Ron :)
[09:20] {Threei} what's with Australian this morning, lol
[09:20] {Les} howzit goin?
[09:21] {Threei} no clear plays so far for the open
[09:21] {Threei} these big gaps mud the water
[09:21] {RonS} ...was in Japan...any whites I saw were Aussies...went to a club...the bounces was white...i said Howa doin mate...he said screw that..I'm from Alabama.
[09:22] {Threei} rofl
[09:22] {strider} top pre-mkt gainers: FRX VVUS BIDU X WMT
[09:23] {RonS} ...end of the world?...wmt a top gainer?
[09:24] {Threei} VVUS, Third Point took a stake, 1 mil sharesa
[09:24] {strider} FIS big drop
[09:25] {RonS} fis...bx deal dead
[09:25] {lasertrev} gm
[09:26] {Threei} trev :)
[09:27] {Threei} (PD) Polish Fin Min Rostowski: Euro Zone entry is possible in 2014, but would not rule out 2015-16 period for EMU entry
[09:27] {Threei} if there is what to enter by then, that is
[09:27] {Les} oof they have enough trouble borrowing swiss francs
[09:27] {magoo} vad, any new news gs?
[09:28] {Threei} yest midday
[09:28] {Threei} The Goldman Sachs Group Inc Fox's Gasparino comments again on potential for Goldman settlement with the SEC; sees signs that SEC may be showing a willingness to settle
[09:28] {Threei} - Gasparino reports that sources say the SEC has decided to not officially serve Goldman with the fraud complaint, giving Goldman an additional 60 days (instead of 30) to answer the complaint or file a motion to dismiss. Gasparino says that this shows the SEC may be more willing to settle the case.
[09:28] {magoo} ty
[09:29] {Threei} VVUS, quick pullback to abour 12.60, I'd be interested
[09:32] {jfjf64} mornin
[09:32] {Threei} jf :)
[09:32] {magoo} nice dump ford
[09:33] {Threei} UK) Chancellor Osborne: UK will impose a bank tax; opposes EU budget regulation proposals
[09:33] {Threei} - Notes UK informed the EU about its concerns over new hedge fund regulation proposa
[09:33] {Threei} HAUP
[09:34] {Threei} don't see any news
[09:35] {nemo} quiet gap up morning
[09:35] {magoo} wow F
[09:37] {magoo} wow IFLG vad
[09:37] {Threei} just gravity
[09:38] {dino} fdx sm l .00
[09:38] {magoo} L F .05
[09:38] {magoo} .99 stop
[09:40] {Threei} Long Setup: HAUP .10 break
[09:40] {Threei} if stays above 3
[09:41] {ese} L sina .34
[09:42] {dino} sm l vit .85
[09:42] {dino} thin
[09:42] {ese} out sina .58 +.24
[09:42] {shorty} wtg
[09:42] {ese} tks
[09:43] {dino} gj
[09:43] {magoo} F not looking good
[09:45] {dino} cyd sm l .29 thin
[09:46] {Threei} Short Setup: WFC .80 break
[09:46] {Threei} if stays below .90
[09:48] {dptl} in .78
[09:48] {dino} fdx strangely wide boid/ask today
[09:49] {dino} out fdx .77, +.77
[09:50] {Les} s ma 213 sm and wide
[09:50] {shorty} nice dino
[09:50] {dino} ty
[09:50] {magoo} F stopped
[09:50] {magoo} GS low vad
[09:51] {dino} out vit .66, +.37
[09:51] {Threei} one more pullback, holding above .35, then break .50, maybe
[09:51] {dino} oops, cyd i mean
[09:52] {Threei} like this
[09:52] {Threei} not anymore, too deep pullbacl
[09:52] {Threei} not ready yet mags
[09:52] {magoo} ty..agree
[09:52] {magoo} looky BIDU
[09:53] {dino} qcom l .25
[09:54] {Les} cover ma +.74
[09:55] {magoo} AIG strong vad, financials all weak
[09:55] {Threei} WFC, stop to .85
[09:55] {dino} gj les
[09:55] {Threei} touched 1:1
[09:56] {Threei} AIG, drop to .40 gets me interested
[09:56] {strider} long GS .03
[09:56] {magoo} might not drop
[09:56] {Threei} then it'll go without me
[09:56] {Threei} I am not chasing it here
[09:56] {magoo} 40 break im intereseted'
[09:56] {ese} vad what kind of scans are you looking at mostly these days
[09:57] {Threei} JBE, DBI, 2 days breaks, small stocks runningh
[09:57] {Threei} WFC, finally
[09:57] {dino} out qcom +.02, mkt dropping
[09:57] {Threei} over 1:1
[09:57] {ese} tks
[09:57] {Threei} I am out 3/4
[09:58] {shorty} out ty Threei.
[09:58] {Threei} stop to .80
[09:58] {Threei} ICXT... interesting daily
[09:58] {Threei} low volume...
[10:00] {Les} stopped gs -.14 looked good strider but market looks heavy s .78 sm and wide
[10:00] {Threei} keeping an eye on IMAX
[10:00] {strider} I'm in small with .50 stop
[10:00] {Threei} daily is seriously tempting
[10:01] {dino} or "pleasant to look at"
[10:01] {ese} L gild .73
[10:01] {Threei} lol dino
[10:02] {ese} out gild .75 +.02 same reason
[10:02] {ese} mrkt dropping
[10:03] {strider} stop GS
[10:04] {Les} out .26 + .52
[10:04] {Les} GS
[10:04] {jfjf64} lvs going downnnnnnnnnnnnnnnnn
[10:04] {dino} out vit .75 -.10
[10:04] {Les} damn MA keep underestimating it
[10:05] {magoo} LVS vad creamed
[10:05] {Threei} yes, on radar
[10:05] {Les} TIVO kicking the bucket. nearing 10 again
[10:06] {Threei} Angola Oil Min Vasconcelos: OPEC may call an extraordinary meeting if oil prices fall further
[10:06] {Threei} 70 is not enough enymore?
[10:06] {Threei} LVS, sharp drop to .90 for entry
[10:07] {Threei} with stop under .80
[10:10] {Les} dish 23 b/d?
[10:10] {Les} or lod?
[10:10] {Threei} bounce looks more likely to me
[10:10] {Les} ok
[10:11] {Threei} a bit on narrow side though
[10:11] {Threei} not sure it's a good pond to fish in
[10:12] {Threei} TIVO...
[10:12] {Threei} chart says short breakdown
[10:12] {Threei} common sense says no way
[10:13] {Threei} I would prefer a little pullback here, then break of 10.10 for long
[10:15] {Threei} mags, look where AIG bounced from
[10:15] {magoo} yup
[10:15] {magoo} not in tho
[10:15] {Threei} .40, cent precision
[10:16] {magoo} u read it well
[10:16] {Threei} LVS got away
[10:16] {Threei} never pulled back
[10:17] {Threei} 45 minutes, just one trade
[10:17] {dino} cyd l .00
[10:17] {nemo} gap up day
[10:17] {Threei} yeah
[10:17] {Les} s ma 210.04 risky but it has failed all support on 1 min. chart
[10:18] {dino} vit sm l .94
[10:18] {strider} long TIVO .11
[10:19] {Threei} EU) France PM Sarkozy and Spain Fin Min Zapatero aim to increase pace of Eurozone stabilization measures - unconfirmed report
[10:19] {Threei} scared to think how
[10:21] {Les} kill hedge funds, scare investors, reduce retirement benefits and close borders to trade
[10:21] {Les} voilĂ , I should be a politician
[10:21] {Threei} better yet
[10:21] {Les} cover MA +1.00
[10:21] {nemo} wow walmart up
[10:21] {Threei} nationalize economy
[10:21] {Les} right, forgot that one
[10:22] {Les} back to the franc fort policy
[10:22] {Les} TIVO dead?
[10:23] {strider} stop TIVO -.09
[10:23] {Threei} (IA) US Sec of State: Major UN powers have agreed on draft for Iran sanctions (related GLD USO )
[10:24] {Les} was long too strider stopped -.08
[10:25] {dino} cyd stopped-.11
[10:28] {Les} market slowing down
[10:28] {Threei} (US) Education Dept confirms Shireman to resign; will remain in advisory capacity to assist transition (related APOL ESI COCO CECO EDU DV )
[10:28] {Threei} APOL
[10:29] {Threei} hgetting buyers on this
[10:29] {Les} wow what was ESI's news yesterday?
[10:29] {Threei} nah, this theme obviously played out yestreday
[10:29] {Les} right
[10:30] {dino} dv sm s .40
[10:32] {strider} sh BP .30
[10:32] {Threei} (US) US Treasury plans to announce new initiative to spur lending
[10:32] {Threei} - Note that this new credit initiative includes $20B in lending aid.
[10:32] {Threei} - More details to be announced at 13:00ET during a House hearing.
[10:33] {dino} ndx open gap fill, s/p next
[10:33] {strider} stop .38 BP
[10:34] {shorty} see you guys in a bit
[10:34] {dino} cya
[10:35] {dino} idsa sm l .76
[10:36] {dino} thin wide
[10:36] {Les} MA sm l .51
[10:39] {strider} stop to b/e BP
[10:39] {dino} cov dv flat
[10:39] {strider} cover stop -.01
[10:40] {dino} fdx sm l .75
[10:41] {Les} MA stopped -.90
[10:41] {Les} not ready
[10:42] {strider} GS dbl bottom
[10:43] {Les} sm l MA 207
[10:43] {Threei} what are you doing?
[10:43] {Threei} market drops, MA drops
[10:44] {Threei} what's with arbitrary bottom picking?
[10:44] {nemo} yeah, what pattern?
[10:44] {Les} pivot, but not holding
[10:45] {dptl} xto?
[10:46] {Threei} no read XTO
[10:47] {dptl} ok ty...thought break .80 short
[10:49] {dino} fdx stopped -.32
[10:49] {dino} s/p gap fill
[10:50] {Les} cover bp +.22 ty strider
[10:51] {Les} cover MA +1.30
[10:51] {Les} trend is your friend
[10:51] {dino} gj
[10:51] {larisa} "sm l" means you were short? :)
[10:52] {Threei} lol
[10:52] {Threei} I was wondering the same
[10:54] {Les} no cut my loss and reversed
[10:54] {Threei} watching LVS for short
[10:54] {Threei} with market reversal
[10:56] {Threei} no clear setup yet
[10:58] {Threei} brisk move over .10, then watch for recross back down
[10:59] {Threei} grrr
[10:59] {Threei} having right idea doesn't help, exat etry gets away
[10:59] {Threei} exact entry
[11:01] {dino} fdx rinsed
[11:01] {dino} intc l .55
[11:05] {dino} ctsh sm l .51
[11:09] {Les} MA sm l .06
[11:10] {jfjf64} byd lots vol today
[11:11] {Threei} US) US Senate Democrats considering amending legislation to allow for unlimited liability in oil spills
[11:13] {shorty} Are we in anything?
[11:15] {dino} i am
[11:17] {shorty} I know you are dino. :)
[11:17] {dino} :D
[11:22] {Les} ma stopped
[11:23] {strider} HSC
[11:24] {dino} out intc .73, +.18
[11:25] {Threei} Short Setup: LVS .10 break
[11:25] {Threei} if stays under .15 for scaslpers, .20 for day traders
[11:26] {nemo} wow
[11:26] {Threei} too sharp
[11:26] {Threei} cancel; that
[11:26] {Threei} don't wabt to short into long red bar if it triggers that way
[11:27] {nemo} .20 was the open
[11:29] {Threei} no shoeting, tide seems to have reversed
[11:39] {Threei} no trades ahywhere I look
[11:39] {Threei} AIG .80 breakdown was one that worked but not something I was willing to call
[11:39] {larisa} 39.80?
[11:40] {Threei} lol
[11:41] {larisa} and i was not trying to make a joke :)
[11:41] {Threei} I am easily amused
[11:44] {Threei} New stock specific circuit breaker rules could reportedly begin 6 month pilot program on June 14; details remain under discussion - unconfirmed report
[11:44] {Threei} - rules could be announced as earler as Today
[11:45] {Threei} something tripped the market
[11:45] {Threei} don't see any news
[11:47] {Threei} that LVS trigger did work after all, lol
[11:48] {shorty} oh well
[11:48] {larisa} 38.77 was pivot
[11:48] {larisa} sorry, looking at aig :)
[11:48] {Threei} Long Setup: AIG .50 break
[11:49] {Threei} half lot
[11:49] {shorty} lol
[11:49] {nemo} oh well
[11:49] {shorty} lol
[11:50] {shorty} WFC b/d .10 Threei?
[11:50] {Threei} over 1:1
[11:50] {nemo} out ty
[11:50] {Threei} :)
[11:51] {Threei} 2 and half hours, second trade
[11:51] {nemo} I got .47 on the pull back
[11:51] {Threei} not sure abou that one shorty... if market sells off like crazy, yes
[11:51] {Threei} otherwise, a bit overextyended
[11:51] {shorty} ok thanks
[11:53] {Threei} back to AIG short, there was a huge bid at .80, larisa
[11:53] {Threei} its break was my indication for short
[11:53] {Threei} but trade looked so unsafe, I never found the heart to call it
[11:55] {larisa} :)
[11:55] {Threei} it of course was the day low at the moment
[11:55] {Threei} not like bid alone was indication
[12:00] {dptl} short hpq .29
[12:03] {Threei} nice dp
[12:03] {Threei} 1;1
[12:03] {dptl} out.17 ty
[12:04] {Threei} even though I am not sure for what, but hey - you are welcome
[12:04] {dptl} {&Threei} nice dp :)
[12:04] {Threei} oh wait, I know... I taught you that setup
[12:04] {nemo} ahh missed wfc short
[12:04] {Threei} there :)
[12:04] {nemo} although volume coming in
[12:04] {dptl} :)
[12:05] {Threei} EXPE...
[12:05] {Threei} .30 break short
[12:05] {Threei} .28 big bid
[12:05] {nemo} va volume cme in on wfc and didn't get the offers to lift
[12:06] {Threei} EXPE CEO: Evaluating possible acquisitions in Europe; a weaker euro is a negative for the company overall - conf comments
[12:06] {Threei} - notes that the Iceland volcano is a negative impact
[12:07] {nemo} stop here vad?
[12:07] {Threei} no, .40 is resistance
[12:10] {Threei} VVUS...
[12:12] {dino} qcom l .70\
[12:17] {Threei} let's scratch EXPE
[12:17] {Threei} no read really
[12:17] {Threei} can do anything
[12:17] {nemo} lunch time
[12:17] {nemo} I think I'll have a liquid one
[12:17] {Threei} no harm
[12:17] {Les} inverted h&s spy?
[12:17] {Threei} yeah, sure looks like that
[12:17] {nemo} and Qs
[12:18] {Les} then GO YA BASTARD!!!!
[12:18] {Les} get up there
[12:18] {Les} I'm fine now
[12:18] {Threei} thank goodness
[12:21] {Threei} DB Strength attributed to reports German govt is moving closer to action on limiting nake short selling (61.79, +0.55, 0.90%)
[12:21] {Threei} poor things
[12:21] {Threei} they think it'll help
[12:22] {Threei} the only one who is going to be upset about prohibition on naked short selling is magoo
[12:22] {Les} damn expe works
[12:22] {Threei} shrug
[12:22] {Les} very rude
[12:22] {shorty} covered EXPE .18..ty Threei
[12:22] {nemo} naked short selling should be limited
[12:23] {Threei} welcome
[12:23] {Threei} to good looking short sellers, nemo?
[12:23] {nemo} ?
[12:23] {Threei} sigh... never mind
[12:23] {nemo} only the fed can make stuff out of thin air
[12:23] {nemo} ahhh sorry
[12:23] {dptl} vrsn?
[12:23] {nemo} get it
[12:23] {nemo} good one actually
[12:23] {dino} i will be happy to have magoos' naked trading banned
[12:24] {Threei} dp, this is something out of parallel universe
[12:24] {Threei} 52 week high break, today?
[12:24] {Threei} well.. it might be justr crazy enough to work
[12:24] {dptl} ok ....ye wierd
[12:25] {Threei} - in negotiating for votes on the EU financial backstop plan, some legislators in Germany have demanded it go hand in hand with new regulation on the financial sector including a ban on naked short sales (initially surfaced as a possibility a few months ago) as well as potentially imposing a fiancial transaction tax (Tobin tax) on the industry to help pay for the EU backstop.
[12:25] {nemo} there goes vrsn
[12:25] {dino} never admit it was budget issues
[12:25] {dptl} ah..missed it
[12:25] {Threei} take scalp if went for it, IMO
[12:26] {Threei} when smackdown comes it will be brutal
[12:26] {dptl} damn russian tv...missed it lol
[12:27] {Threei} ah those figure scaters... highly distractive dp
[12:28] {dptl} lol...no, it's a news lady
[12:28] {Threei} what. nakednews.com is still running?
[12:28] {dptl} roflol.....
[12:29] {dptl} you know them too?
[12:30] {Threei} it was a hot thing in Russia abour 10 years ago
[12:30] {Threei} I though I was joking... are they still around??
[12:30] {RonS} ...until winter came...
[12:31] {dptl} yes they are
[12:31] {Threei} ok... not making any naked jokes anymore... zero for two
[12:35] {shorty} This is funny: I like American news sometimes. http://www.break.com/index/anchor-asks-totally-inappropriate-question.html
[12:36] {nemo} hehehehe
[12:38] {nemo} wow V
[12:38] {dptl} vrsn still going
[12:38] {Threei} and no news
[12:38] {Threei} just shows you how out of whack everything is
[12:41] {RonS} ...fundies out with new positon report...maybe vrsn is up on that...byd moving due to Paulson interest
[12:41] {Threei} BYD, yes
[12:42] {Threei} there were quite a few stocks on that Paulson list
[12:44] {RonS} 3i, aig .72 break = long w/ market help?
[12:44] {Threei} not my fasvorite
[12:44] {Threei} very random
[12:44] {Threei} AIG doesn't move like this
[12:45] {Threei} toss a coin, will be very similar to this play outcome
[12:45] {Les} imax holding up. looking at 20 break if market rallies?
[12:45] {Threei} I think so
[12:46] {Threei} I'd prefer IMAX to break out tomorrow
[12:46] {Threei} daily would have been ideal for such play
[12:48] {dino} you know, my 3 day in 1 theory is incorrect, most days its like 4 in 1.
[12:48] {RonS} ...plus it rains sometimes...
[12:48] {dino} lol
[12:48] {Threei} rofl
[12:49] {dino} raining here, pretty much every other day this month
[12:49] {RonS} ...finally had the last snow last week...i think
[12:50] {Les} starting to clear up here this wek
[12:50] {dino} we had flurries about 10 days ago
[12:50] {Threei} jeez
[12:50] {Threei} are we on the same planet?
[12:51] {Threei} http://photography.realitytrader.com/2010/05/few-delicious-landscapes.html
[12:51] {Threei} this is what we have
[12:51] {RonS} ...it is all al gore's world and we just live on it
[12:51] {Threei} and I've got a few dozens more, even more delicious... didn't have time to prepare them
[12:52] {RonS} ...the northwest has been one of the few beneficiaries of global warming...enjoy it while the rest of us freeze
[12:55] {ese} can hardly wait for summer.....can get back to this more on a full time basis
[12:55] {ese} my phone is ringing off the hook these days
[12:56] {Threei} IMAX consolidates,, more or less
[12:59] {Les} vrsn b/d of 28
[13:00] {nemo} yeah
[13:02] {Les} out vrsn +.10
[13:03] {Threei} AONE UPDATE: Noble Financial Raised AONE to Buy from Hold
[13:03] {Threei} - pre-open
[13:03] {Threei} Noble Financial?
[13:03] {Threei} sounds like someone who would pgrade simply because they are "clean energy"
[13:03] {Les} crap smackdown in vrsn is good
[13:03] {Threei} yeah
[13:04] {dptl} bp short?
[13:05] {Threei} probably
[13:05] {dptl} in.98
[13:05] {Threei} fast and easy
[13:06] {Threei} just as we like'em
[13:06] {Threei} 1;2
[13:06] {dptl} +.10 out
[13:06] {Threei} GE) Germany Chancellor Merkel: In support of the financial transaction (tobin) tax
[13:06] {nemo} oh shit
[13:06] {Threei} and I thought germany was last pillar of common sense in Europe
[13:07] {Les} she said elsewhere that she is not in favour
[13:07] {Les} wish they'd make up their friggin minds
[13:08] {Les} There is widespread concern among the gathered ministers that such a tax could make investors wary of doing business in the EU. German Chancellor Angela Merkel had also recently made it clear that she was skeptical of a financial transaction tax,
[13:08] {Les} double think
[13:08] {Les} welles would be proud
[13:10] {RonS} .kill the euro...the finnies et al. vix at hod
[13:13] {Threei} that change of heart could be a result of negotiations with US, Les
[13:13] {Threei} if they synchronize such step
[13:13] {nemo} Geithner, et al. have been against the tax
[13:15] {nemo} http://www.entdecke-deutschland.diplo.de/Vertretung/entdeckedeutschland/en/__pr/2010__taegliche__Nachrichten/Mai__2010/100517-2,archiveCtx=2564744.html
[13:16] {Threei} in case you worried,
[13:16] {Threei} EUR/USD (EU) EU's Rompuy: Euro fundamentals are safe and sound (related EUR/CHF EUR/JPY )
[13:16] {nemo} that'll make me sleep better
[13:16] {Les} Oh I like Euro fundamentals for our summer holidays
[13:21] {RonS} ...the euro/yen cross is falling apart 113.58 from in the 115's earlier
[13:21] {Threei} GE) German Finance Ministry confirms to ban naked short selling on 10 large German comapnies effective midnight
[13:22] {dino} big whoop
[13:23] {RonS} and euro-region government bonds
[13:24] {Threei} short selling ban would also apply to naked sales of CDS on Euro Govt bonds
[13:24] {dino} naked shorts through, not short selling
[13:24] {Threei} yeah
[13:24] {dino} that rule is already in usa
[13:24] {Threei} what's the probelm... ban it
[13:24] {Threei} and enforce it
[13:25] {dino} lol, good luck on enforcing
[13:25] {Threei} hehe
[13:25] {Threei} anyway, no ine will miss it but magoo
[13:25] {Threei} and dp
[13:26] {dino} the problem i see, is they are about to go nuclear on this speculator war and outright ban shortselling if things get worse
[13:26] {Threei} yup
[13:26] {Threei} and when it doesn';t work, they close market
[13:26] {dino} fdx sm l .00
[13:26] {Threei} and nationalize everything
[13:27] {dino} yes 3i, it will not work, will kill liquidity and crash markets
[13:27] {Threei} because they only have best intentions and know better
[13:27] {Threei} the only reason I am not delighted is, I have seen this movie already... I'll be bored
[13:28] {dino} their morals are screwed up. they think "feel sorry" while it should be "be productive"
[13:29] {RonS} ...fee rings...woh, woh, woh
[13:30] {Threei} well, they don't even hear how ridiculous their motto phrases sound.. my favorite:
[13:30] {ese} nvda triple bottom on 30min chart
[13:30] {Les} vrsn
[13:30] {Threei} Governemenrt should help
[13:30] {Threei} VRSN Have reportedly been approached by potential buyers for security business - unconfiremed report (27.80, +0.96, 3.58%)
[13:30] {ese} just my style these days......with the amouynt of time i get with you all.......slow moving
[13:31] {Threei} - Note: Earlier today reports circulated that the CEO had pulled out of a conference, which was promptly followed up by reports that it was due to a 'scheduling conflict'
[13:31] {Threei} Governemenrt should help taxpayers
[13:32] {Threei} the more you think of this, the more you wonder...
[13:32] {RonS} ...classic rumor starter...
[13:33] {ese} gotta go see you all tomorrow....
[13:33] {Threei} take care ese
[13:33] {dino} cya
[13:33] {ese} cya vad
[13:33] {ese} dino
[13:33] {Les} ciao man
[13:34] {RonS} Harvey Korman...Count de Monet
[13:36] {magoo} DNDN
[13:36] {magoo} DNDN
[13:37] {Threei} DNDN Hearing takeover chatter circulating (44.67, +1.27, 2.93%)
[13:38] {RonS} uron/jpy lod
[13:39] {RonS} eruro
[13:39] {RonS} jeez euro
06[13:39] * nemo slaps RonS around a bit with a large dictionary
[13:39] {Threei} sorry Ron
[13:39] {Threei} this is my fault
[13:39] {nemo} ?
[13:39] {RonS} 113.32
[13:39] {Threei} my typing is conragious
[13:40] {Threei} r=t
[13:40] {dino} 122.40
[13:40] {dino} fxe
[13:43] {nemo} o.k. what's going on with laser? look at the activity log
[13:43] {dino} fdx stopped -.31
[13:43] {Threei} some wierd coding, lol
[13:43] {RonS} 113.23
[13:44] {larisa} someone is cursing in russian :)
[13:44] {nemo} Trev?
[13:44] {shorty} Colonel killed in Afghanistan. http://www.cbc.ca/world/story/2010/05/18/kabul-afghan-blast.html
[13:44] {RonS} vix hod
[13:44] {Threei} it can be swuahili just as well larisa :)
[13:45] {RonS} 113.18
[13:46] {RonS} 113.10
[13:47] {RonS} ...i am thinking the PPT's are going to rip this thing back up
[13:49] {nemo} it wouldn't surprise me for today to go like yesterday
[13:49] {dino} ron, why eu/jp? why not fxe?
[13:50] {RonS} ...recognition last week by many that the euro/jpy has been preceding the market...it works until it does not...
[13:51] {dino} hmmm
[13:52] {RonS} ...from here though i think the tell is in the vix...it is not up much yet...but at the hod
[13:55] {dino} shhesh, the govt gets involved and v loses a year worth of gains in a week
[13:55] {lasertrev} sorry, someone sent there message to everyone by mistake
[13:56] {nemo} that's what the red is
[13:56] {lasertrev} not sure what that is? russian u say Vad?
[13:56] {Threei} I don't know, wrong coding
[13:58] {dino} intc l .52
[14:05] {Threei} bounce or further down...
[14:06] {nemo} well, you got the left side of inverted H&S on spy and qs
[14:08] {Les} wow just saw midday plunge yesterday. impressive
[14:09] {Threei} recovery was even more so
[14:09] {Threei} ok... feels like some bounce is in order
[14:09] {Threei} Long Setup: AIG .90 break
[14:10] {Threei} modification
[14:10] {Threei} .85 break
[14:10] {Threei} if stays above .75
[14:11] {dino} vit sm l .10
[14:11] {magoo} in
[14:11] {Threei} not a scalp for me
[14:11] {nemo} missed it
[14:15] {Les} all out +.07 1k scalp only ty
[14:15] {Threei} sure thing
[14:16] {nemo} 1:1
[14:18] {Threei} over 1:1, 1/3 out
[14:18] {Threei} .97
[14:19] {Threei} stop to under .80
[14:20] {nemo} I thought after 1:1 stop goes to be
[14:20] {Threei} out
[14:21] {Threei} on volatile ones if I really want to give them a bit more room, I trail more looselyand alwats alert if I do so
[14:21] {nemo} gotcha
[14:28] {dino} fcx sm l .25
[14:28] {dino} gap filled
[14:29] {dino} fdx sm l .25
[14:30] {Threei} F Moody's raises rating on Ford and Ford Motor credit one notch to B1 from B2
[14:30] {Threei} - affects $65B in debt
[14:31] {nemo} oohhhh this is looking heinous
[14:31] {larisa} panic on MA
[14:32] {Les} damn reading story to kids missed it
[14:32] {Threei} dump kids
[14:32] {Les} lol
[14:33] {nemo} look at v
[14:33] {Les} making an effort. allowed trading to take up too much of evening. finding balance is hard.
[14:34] {Les} so credit is no longer cool
[14:35] {Les} waiting for the bounce
[14:37] {dino} fcx stopped, fdx stopped
[14:37] {larisa} my mistake, 1 point drop on MA in 2 sec is not a panic, it is normal trading :)
[14:37] {dino} v dropped too
[14:37] {Les} the new AIG
[14:38] {RonS} euro/jpy busting 113...finnies murdered
[14:38] {Threei} actually... for MA it pretty much is, larisa :)
[14:44] {dino} rinses
[14:44] {Threei} AIG, watch fpr pullback under .60
[14:44] {Threei} with long entry with stop under .50
[14:46] {Threei} I seriously don't remember a day when I found just three trades to call
[14:46] {Threei} 3 for 3 though, so it's fine with me
[14:47] {Les} ah come on. I remember a one trade day in last 6 months
[14:47] {Les} at least it hasn't been boring
[14:48] {nemo} mmmhhhh....anybody believe Les?
[14:49] {Les} I don't need your affirmation. I have it here right in my own mind
[14:49] {strider} I believe less than you do.
[14:49] {nemo} stand up Les, it'll take pressure of your brain
[14:49] {RonS} ...i believe he read a book...
[14:49] {Les} hehehe
[14:50] {Les} that was funny
[14:51] {Threei} that was the day when I got disconnected for 7 hours out of 7 and half Les
[14:52] {Threei} EUR/USD Sets fresh 4 year low at 1.227
[14:52] {Threei} wolfpack at the door eh
[14:52] {Les} nah nah nah
[14:53] {Les} I was here just a couple of months
[14:53] {dptl} bp d/bottom?
[14:53] {Les} you were recounting it was like trading summer months
[14:53] {Threei} very much depends on markert dp
[14:53] {Les} dead days as market slowly melted up
[14:53] {Threei} either that or another breakdown
[14:53] {Threei} watch AIG
[14:54] {dptl} ok ty
[14:54] {Threei} coes to the formation I had in mind
[14:55] {Threei} BP is looking more like short, lol
[14:55] {Threei} AIG 1:1
[14:55] {dino} ma sm l .04
[14:55] {nemo} what call?
[14:55] {dino} out ma .45, +.41
[14:56] {Threei} 14:44] {Threei} AIG, watch fpr pullback under .60
[14:56] {Threei} [14:44] {Threei} with long entry with stop under .50
[14:56] {Threei} pay attention, man...
[14:56] {nemo} oh, that was awhile ago
[14:56] {nemo} sorry
[14:56] {jfjf64} nice nice
[14:56] {Threei} so I reminded:
[14:56] {Threei} [14:53] {Threei} watch AIG
[14:56] {Threei} [14:54] {dptl} ok ty
[14:56] {Threei} [14:54] {Threei} coes to the formation I had in mind
[14:56] {strider} I got .56, out at .74
[14:56] {Threei} :)
[14:57] {Threei} that's 4 calls... wow
[14:57] {Threei} BP...
[14:57] {Threei} Short Setup: BP .50 break
[14:57] {nemo} got support down to .43
[14:57] {RonS} euro/jpy busted yeserday's lod and is now 112.64...heading for 5/16 low
[14:59] {dino} fxe new 52 wk low
[15:02] {strider} vxx hit 29
[15:03] {Threei} scalpers got 1:1 BP
[15:03] {jfjf64} nice nice
[15:04] {RonS} new 4 year low
[15:04] {RonS} eu/jpy 112.221
[15:04] {RonS} 112.09
[15:04] {Threei} day traders are about to
[15:04] {Threei} stop to .55 for day traders too
[15:07] {Les} gs
[15:07] {strider} would be nice if Laser adjusted charts for splits.
[15:08] {Threei} scalpers win
[15:10] {Threei} bounce or not...
[15:13] {Les} out gs +.36
[15:20] {Threei} let's see if we get pullback deep enough for safe entry
[15:21] {strider} what?
[15:21] {Threei} BP, AIG
[15:21] {Threei} BP I want under .60
[15:22] {Threei} ok
[15:22] {Threei} recross hunt
[15:22] {Threei} with an eye on SPY
[15:23] {Les} ma held strong on pullback
[15:30] {Threei} .42 long
[15:30] {Threei} if holding .35
[15:30] {Threei} BP
[15:30] {nemo} that was interesting saw 45.38 on bp immediately followed by .51
[15:31] {shorty} have a good day guys.
[15:31] {Les} ciao shorty
[15:31] {Threei} take care shorty
[15:32] {Threei} invalidated
[15:33] {Les} ma loco..
[15:34] {Les} gs
[15:36] {Threei} missed BP bounce
[15:38] {Threei} Long Setup: AIG .60 break if stays above .50
[15:38] {Threei} last one for today
[15:42] {Threei} 1;1
[15:45] {Les} out .71 missed the top ty
[15:45] {Threei} sure
[15:46] {Les} can't believe MA
[15:46] {dino} clf sm l .25
[15:46] {Threei} US Senate Votes against Corker (R-TN) Amendment in Senate financial reform bill
[15:46] {Threei} - Corker amendment was to remove the 'skin in the game' provision for banks to retain 5% of risk in securitized assets
[15:46] {Threei} - Vote was 43-55
[15:46] {Threei} - Note: OCC"s Dugan in the past had spoken against the 'skin in the game' provision as some elements may be 'too' rigid
[15:47] {dino} more like lobbying $ got to him
[15:51] {Les} interesting day. c u's tomorrow
[15:52] {Threei} take care les
[15:52] {dptl} good evening all
[15:52] {Threei} take care dp
[15:54] {Threei} AIG 1:3 almost
[15:55] {nemo} oh crist I was out when it went back to trigger
[15:56] {Threei} VRSN Near deal to sell security division to SYMC for approx $1.3B - WSJ (related SYMC )
[15:56] {dino} out qcom +.07, out intc -.03
[15:58] {dino} out clf -.12
[15:59] {dino} nice v, ma bounces
[16:00] {Threei} thank you all
[16:00] {larisa} $8 bounce MA, after all, it was a panic at 196:)
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {larisa} bye all
[16:00] {nemo} c ya
[16:00] {Threei} lol larisa
[16:00] {dino} feels like a panic at 220, imo
[16:01] {larisa} stock is drama queen :)
[16:01] {Threei} MA begs to differ
[16:01] {Threei} it thinks it's cool and calm
[16:02] {larisa} :)