Wednesday, May 19, 2010

May 19 2010

Somewhat muddy day with not much to use in a sense of established patterns. Just about flat finish for us.

Session Time: Wed May 19 00:00:00 2010

[01:46] {KSystems} good morning
[08:18] {magoo} mornong
[08:18] {nemo} :)
[08:21] {nemo} playing anything this morning mags?
[08:22] {Threei} GE) German Finance Ministry: The short selling ban was only the first step, timing of the ban was justified
[08:23] {Threei} Hearing vague rumors of a possible ECB announcement later this morning
[08:26] {Threei} Geron Corp Reports positive data on small molecule Telomerase activator in model of idiopathic pulmonary fibrosis
[08:26] {Threei} - Announced positive data on its orally available small molecule telomerase activator, TAT153, in an animal model of idiopathic pulmonary fibrosis (IPF). The data show that administration of TAT153 increased telomerase activity in the lung tissue, reduced inflammation, preserved functional lung tissue, slowed disease progression and attenuated loss of pulmonary function.
[08:27] {dptl} good morning
[08:28] {magoo} theres a new download vad, but my norton anti-virus flagged it
[08:28] {magoo} couldnt download it
[08:31] {Threei} dp :)
[08:31] {Threei} didn't try it yet mags
[08:31] {Threei} hold on, I'll donwload it
[08:32] {nemo} I got it...volume on Level II now have decimal readings
[08:32] {nemo} Other than that, nothing particularly jumps out at me
[08:32] {Threei} downloaded... no problem
[08:33] {Threei} tell your norton it's paranoid
[08:35] {strider} OK here.
[08:51] {magoo} yeah, its a norton issue
[08:51] {Threei} so, Euro bounced some finally eh
[08:51] {magoo} first time that ever happened
[08:51] {magoo} ALWEAYS SOMETHING F'in with me
[08:51] {Threei} wolfpack is running for the cover, frightened and humbled, I suppose
[08:57] {Threei} IT) Italy market regulator (Consob): No plans to pass short-selling ban
[08:57] {Threei} why? Germany thinks it's a good idea
[08:57] {Threei} CZ) Czech Central Bank: Not planning any short selling restrictions
[08:58] {Threei} EUR/CHF Recent strength being partially attributed to think tank report suggesting G7 to get more aggressive in defending the Euro
[08:58] {Threei} lol... they still don't get it
[08:58] {Threei} don't defend Euro, fix the actual problem
[08:59] {Threei} it's not the temperature, it's the inflammation
[08:59] {Les} CHF for its part, spending taxpayers money to do currency swaps to try and keep swiss franc low
[08:59] {Les} I guess they'll buy back when Euro is 20% lower
[09:00] {Les} they're all morons
[09:00] {Threei} very smart eh
[09:00] {Les} morning :)
[09:00] {Threei} why they all think they can fight nature is beyond me
[09:00] {Threei} hi
[09:07] {Threei} larisa :)
[09:07] {larisa} gm :)
[09:09] {strider} DCTH drop
[09:11] {Threei} EU) ECB declines comment on FX speculation circulating in markets
[09:11] {Threei} ***Note that chatter has been heard regarding action to support the euro from leading central banks
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:14] {dino} nobody is bigger than the market
[09:14] {Threei} US Treasurer Geithner: Confident Europe can manage through its difficulties; US in a much stronger recovery than expected - CNBC interview
[09:14] {Threei} - asked about German short selling ban, Geithner comments that the history of trade restrictions is "not good."
[09:15] {Threei} wow... I think this is second time during Tim's tenure that I agreed with him
[09:16] {strider} DE CNBC positive comments
[09:16] {nemo} raised guidance on earnings
[09:18] {shorty} good morning
[09:18] {Threei} shorty :)
[09:21] {RonS} buenos dias amigos
[09:21] {Threei} Ron :)
[09:22] {Threei} one thing I realized looking at yesterday's trading guys, must share
[09:22] {Threei} you remember of course long period when we had very brief window of activity in the morning, then long stall
[09:22] {Threei} so we had to grab our trades early
[09:23] {Threei} That has changed, activity in most days is being spread out much more evenly,
[09:23] {lasertrev} morning
[09:23] {Threei} and not pushing the trading yesterday early but instead continuing looking throughout the day, we performed much more evenly
[09:23] {Threei} trev :)
[09:26] {Les} is it not just due to extreme volatility at this moment? VXX is on the up and up. or is it volatility returning to the mean?
[09:27] {dino} mind the gaps
[09:28] {Threei} I've no idea les
[09:28] {Threei} there is just so much I am willing to theorize about the reasons
[09:28] {Les} moi non plus. I've only been here 6 months. I can't tell what "the norm" is... if it exists
[09:29] {Threei} well, necessity to squeeze all your daily trading in 30 min was certainly out of the norm
[09:29] {Les} ok
[09:30] {Les} speaking of volatility up. vxx 30
[09:31] {Les} damn 30 break lol
[09:31] {shorty} WFC momo
[09:32] {strider} GS strong
[09:33] {Threei} LVS
[09:33] {dino} clf sm l .00
[09:33] {Threei} watching for entry under 22
[09:33] {Threei} if holding 21.90 and recrosses
[09:34] {Threei} not a scalp if triggers
[09:35] {magoo}
[09:36] {nemo} me too ooops
[09:37] {Threei} no go
[09:37] {dino} out clf .68, +.68
[09:38] {magoo} out
[09:38] {nemo} yeah out
[09:39] {Threei} BP
[09:39] {Threei} bounce ready it seems
[09:39] {dino} cyd sm l .30
[09:40] {dino} vit sm l .25
[09:40] {Threei} .56 was trigger, came right when I typed
[09:40] {Les} thank +.13 pb
[09:40] {Les} bp
[09:41] {Threei} :)
[09:41] {magoo} in .60
[09:41] {Threei} you have 1:2
[09:41] {magoo} oput here ty
[09:41] {Threei} :)
[09:42] {Threei} watch for pullback to about .60
[09:43] {Les} imax
[09:43] {dino} qcom l .80
[09:43] {dino} intc l .55
[09:43] {Threei} BP starts looking like short here
[09:44] {Threei} need market to pull back
[09:44] {dino} ndx green
[09:45] {Threei} look at LVS
[09:45] {Threei} or better don't
[09:45] {dino} look ma
[09:45] {Les} ma is strange
[09:45] {nemo} v
[09:45] {dino} all is well in world again (for 30 minutes or so)
[09:46] {dino} idsa sm l .05 thin
[09:46] {Les} imax 209 but a bit too quick
[09:46] {Les} imax 20
[09:47] {Threei} let's let IMAX consolidate a bit
[09:48] {strider} sh BP .96
[09:48] {Threei} as it stands, it has weak support at .90 and stronger one at .80
[09:49] {Threei} hopefull, some consolidation strengthens .90 one
[09:49] {Les} out LVS +.27
[09:49] {Les} crap
[09:50] {Les} out lvs flat after 2 unsuccessful shorting attempts
[09:51] {Threei} IMAX... if market spikes, break will be a valid trade here
[09:51] {Threei} no kidding eh
[09:53] {strider} cover BP .80 +.16
[09:53] {Les} grabbed a bit more of lvs bouncing in its MA's. now solidly black
[09:53] {Threei} wtg strider
[09:54] {strider} :)
[09:54] {dino} out vit .67, =.42
[09:54] {dino} +.42
[09:55] {Threei} I think I just fooled that famous unbeatable algo
[09:55] {shorty} Doh! Missed LVS short
[09:55] {Threei} got IMAX long at .89
[09:55] {Threei} out .99
[09:56] {Threei} pure reflex trade, lol
[09:56] {dptl} short nwsa .43
[09:56] {dptl} .50 stop
[09:56] {Threei} just above you mean
[09:56] {dptl} ye
[09:57] {Threei} BP, start looking for reversal and long
[09:58] {Threei} ideally, quick slip under .60 and recross with stop under .50
[10:00] {Threei} *(US) Q1 2010 MORTGAGE DELINQUENCIES: 10.06% V 9.47% PRIOR
[10:00] {Threei} Mortgages in foreclosure at 4.63% v 4.58% q/q
[10:00] {Les} dino what's on your list please?
[10:01] {dptl} out nwsa +.10
[10:01] {dino} intc stopped -.13
[10:02] {Threei} wtg dp
[10:02] {Threei} clean setup, well executed
[10:02] {dptl} ty
[10:03] {dino} qcom stopped -.18
[10:03] {Les} s ma .85 sm and wide
[10:03] {strider} Laser locked up
[10:03] {Threei} need quotes?
[10:04] {Threei} BP is ready for a setup
[10:04] {strider} no got MBT
[10:04] {dino} les, clf, fcx, cyd, vit, idsa
[10:04] {Les} ty
[10:04] {dino} fdx ups
[10:04] {dino} but waiting here a few minutes and in cyd, idsa
[10:06] {Threei} 1:1 BP
[10:06] {Threei} nice and easy
[10:06] {shorty} ty
[10:06] {Threei} smooth as baby bottom
[10:06] {strider} new laser version is sucking big time for me.
[10:06] {shorty} I can't play big shares on it though.
[10:07] {Threei} strider, you have installation file for previous onbe?
[10:07] {Threei} reinstall it now, sort it out later
[10:07] {strider} yes
[10:07] {Threei} FR) France Regulators reportedly claim they have no intention ot following the Germany procedures on short selling; German measures could cause confusion
[10:07] {strider} dcc trev
[10:08] {magoo} missed BP exit..was out there .77
[10:10] {Threei} NWSA 1:2
[10:10] {Threei} beautiful one dp
[10:10] {dptl} :)
[10:10] {strider} dcc trev
[10:11] {Threei} need attention-getter strider?
[10:11] {strider} yes
06[10:11] * Threei slaps lasertrev around a bit with a large suggestion to look at his dcc
[10:12] {Threei} LVS is on watch again
[10:12] {shorty} TIVO Threei. Too slow?
[10:12] {nemo} short below .50?
[10:13] {strider} cmon trev.
[10:13] {Threei} no, rather some of bounce formations
[10:13] {Threei} need one more pullback to establish .50 firmer
[10:13] {Threei} I see no setup on TIVO
[10:14] {shorty} ty
[10:14] {Threei} just call strider
[10:14] {Threei} ok. LVS
[10:14] {strider} I got it.
[10:14] {Threei} .52 long
[10:14] {strider} thanks
[10:15] {Threei} stop for scalpers under .45, day traders .40
[10:15] {Threei} scalpers 1:1
[10:16] {Les} bp
[10:17] {Threei} scalpers win
[10:17] {Les} s bp .47 sm
[10:17] {dino} gaps 05/07, 10377, 1849, 1110
[10:18] {Les} out bp +.07. was looking for bounce but just kept going
[10:19] {Les} cover +.07
[10:22] {nemo} might as well just hop on a short
[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:22] {Threei} **consensus expectations:
[10:22] {Threei} Crude: +750Ke
[10:22] {Threei} Gasoline: -1Me
[10:22] {Threei} Distillate: +1Me
[10:22] {dino} dji gap filled, s/p too
[10:25] {Threei} keep an eye on TZA
[10:25] {Threei} pullback to about .60 will be interesyting for long
[10:27] {nemo} Laser has problems if I run Firefox
[10:28] {strider} Just the new version?
[10:28] {nemo} last one sometimes too
[10:28] {strider} how does it act?
[10:28] {nemo} freezes up
[10:29] {Threei} sounds like memory issue
[10:29] {Threei} firefox can be a memory hog
[10:29] {dino} vit sm l .85
[10:29] {nemo} plenty of memory, I monitor it
[10:29] {Threei} I had similar issue,
[10:29] {strider} I don't usu. run firefox on laser computer, but I was this morning.
[10:29] {Threei} when I had a task manager up and watched performance tab,
[10:30] {strider} Rebooted, no firefox, and doing OK right now.
[10:30] {Threei} I could see CP use spike that would freeze everything
[10:30] {Threei} killed firefox, issue went away
[10:30] {Threei} DOE CRUDE: +200K V +750KE; GASOLINE: -295K V -1ME; DISTILLATE: -1M V +1ME
[10:30] {Les} yeh, I dropped firefox for google. much better
[10:31] {Threei} GR) Hearing chatter that the Greek Finance Minister has stated that separation from EU may need to be considered
[10:31] {Threei} finally... words have been spoken
[10:31] {strider} Firefox shong avg. cpu use of 25%
[10:31] {strider} showing
[10:31] {strider} I mean laser, not firefox
[10:36] {nemo} I've got nothing else but laser running and it's frozen
[10:37] {Threei} weird
[10:37] {Threei} task manager show memort usage at 100?
[10:38] {nemo} no
[10:39] {strider} I've got 33% RAM usage here
[10:39] {strider} with just laser.
[10:39] {strider} I have a LOT of windows open though.
[10:39] {strider} in laser
[10:40] {Threei} I have about 20% average, running:
[10:40] {Threei} laser
[10:40] {Threei} scanner
[10:40] {Threei} 5 tabs Chrome
[10:40] {Threei} 2 tabs IE
[10:40] {Threei} outlook express
[10:40] {Threei} skype
[10:40] {Threei} and couple more applications
[10:42] {dptl} new version running ok Vad?
[10:42] {Threei} I haven't installed it
[10:43] {dptl} oh ok...thought you did in the morning
[10:44] {Threei} I downloaded it
[10:45] {strider} you were smart to wait.
[10:45] {Threei} hate to be an early adopter
[10:46] {Les} hmm would probably make greek people happy
06[10:46] * strider slaps Threei around a bit with a large guinea pig.
[10:46] {Les} lol
06[10:46] * Threei fires up a barbeque
[10:47] {strider} GS bull flag interesting?
[10:47] {Threei} I can't tell whether we are breaking down or forming bounce
[10:48] {Threei} let's wait a bit
[10:48] {Threei} this moment is 50/50
[10:48] {strider} yep. GS a little excessive on that next to last bar.
[10:48] {strider} bounced back
[10:48] {nemo} How do I uninstall this version of Laser and get back to the previous one?
[10:49] {larisa} did you know that greeks need to work just 15 years full time to be eligible for retirement $$.. :)
[10:49] {strider} go to control panel
[10:49] {nemo} yep
[10:49] {Threei} yes larisa
[10:49] {strider} add or remove programs
[10:49] {Les} yeh leave EU and default on debt or stick with EU.... that life is fini lari
[10:49] {Threei} learned it about a week ago
[10:49] {Threei} nemo, you have previous installation file?
[10:50] {Les} but leaving EU would make them competitive again
[10:50] {nemo} don't know
[10:50] {strider} wont install over new version without uninstall, vad.
[10:50] {Threei} yes, but he needs old file
[10:50] {strider} I can send you prev. version if you need it nemo.
[10:50] {nemo} please do
[10:51] {strider} one min.
[10:52] {strider} coming
[10:53] {strider} still coming
[10:53] {strider} :)
[10:53] {strider} gone
[10:54] {dino} fdx sm l .85
[10:55] {Threei} Long Setup: IMAX .20 break
[10:55] {Threei} if stays above .10
[10:55] {Threei} a bit thin here, let;'s do half lot
[10:55] {Threei} invalidated anyway
[10:55] {Threei} but not off radar completely
[10:56] {dino} sm s vxx .00
[10:58] {strider} Vad, re BP. Do you see pullback to trendline as a valid setup, all other things being in alignment?
[10:59] {strider} for short
[10:59] {strider} trendline from previous two tops
[10:59] {Threei} I see it
[10:59] {Threei} but it feels more like trend change moment to me
[10:59] {Threei} unless market drops sharply, I'd rather hunt for long
[10:59] {strider} because of starting of conolidation pattern?
[11:00] {Threei} yeah... if holding .30
[11:00] {Threei} .40 break
[11:04] {strider} shsorft .30 BP
[11:04] {strider} short
[11:05] {nemo} running chrome and IE no problem at the moment
[11:05] {magoo} V is best stock ever today...IMAX worste
[11:06] {shorty} LVS...
[11:07] {strider} .43 stop
[11:07] {Threei} so, that was the latest version that caused problems?
[11:07] {strider} should have made agggressive entry
[11:08] {nemo} last version of laser hiccuped against Firefox also
[11:09] {strider} out
[11:10] {dptl} cenx?
[11:10] {Threei} not sure CENX
[11:10] {Threei} GE) German States have indicated support for the Euro bailout plan - FT Deutschland
[11:10] {dptl} ok
[11:11] {Threei} this is random moment in the market guiys
[11:11] {Threei} most likley you'll be rinsed in either long or short
[11:11] {dino} vxx cover stopped
[11:13] {strider} ACAS?
[11:14] {Threei} coin toss
[11:16] {magoo} vad, start reading V for rest of day, 75 is in the cards TODAY
[11:16] {dino} sm l pot .65
[11:18] {Threei} I think 73 first mags
[11:18] {magoo} well ya...i mean, keep on radar, im not in, but have been several times
[11:19] {dptl} rmbs?
[11:20] {RonS} aig in meltdown
[11:20] {Threei} probably dp
[11:20] {Threei} rather yes than no, at the rate 52/48
[11:21] {dptl} ok ty
[11:23] {Threei} V at 73
[11:23] {Threei} there mags... I made you 70 cents :)
[11:23] {magoo} feels lower here
[11:23] {magoo} u cost me that earlier
[11:24] {magoo} stop BP, IMAX, LVS
[11:24] {Threei} lo, expect not true
[11:24] {dino} fast fall
[11:24] {dptl} s .98 rmbs
[11:24] {Threei} say what?
[11:24] {Threei} LVS was 12 cents stop
[11:24] {Threei} IMAX was invalidated
[11:24] {dptl} stop above .10 rmbs
[11:25] {Threei} BP was profitable
[11:25] {Threei} what the?...
[11:25] {magoo} i missed exit BP.77 ...posted that
[11:25] {magoo} had to stop it
[11:25] {Threei} and that is my fault?
[11:25] {magoo} aggressive entry in IMAX, DEAD..
[11:25] {magoo} yup
[11:26] {magoo} IMAX is the ONLY one that really pisses me off
[11:26] {magoo} NEVER traded it
[11:26] {magoo} SO THIN
[11:26] {magoo} DEAD
[11:27] {magoo} my system default is 2k shares
[11:27] {magoo} hit imax and so so thin, instant dead
[11:27] {Threei} so, let's se... I warn HALF LOT
[11:27] {Threei} you take 2K
[11:27] {Threei} trade is invalidated
[11:28] {magoo} yes
[11:28] {magoo} yes
[11:28] {magoo} yes
[11:28] {Threei} and you take it out on me?
[11:28] {magoo} :)
[11:28] {Threei} I'll see you tomorrow
[11:28] {shorty} lol
[11:28] {Threei} FIG President: There are fears a slowdown in Asia could pile on to troubles in Europe; Fortress is derisking - CNBC interview
[11:32] {Threei} (GE) Germany has reportedly suggested an 'orderly' insolvency program for members of Eurozon
[11:33] {dptl} nah..out rmbs flat..don't like it
[11:34] {Threei} - Note: earlier reports circulated that the Merkel Govt was seeking to increase monitoring of Euro members budgets; with stiff sanctions for those who had failed; along with proposals to establish bankruptcy proceedings for countries in the Eurozone
[11:35] {dino} sm l fcx .00
[11:36] {dptl} m .20?
[11:36] {dptl} break
[11:36] {Threei} no
[11:36] {dptl} ok
[11:39] {dptl} wfr?
[11:39] {Threei} no read
[11:40] {Threei} and btw, RMBS is 1:1
[11:40] {Threei} what's the point in reading them for you if you don't use even those I nod at?? :)
[11:40] {dptl} figures
[11:41] {dptl} i was in
[11:41] {Threei} i know
[11:41] {dptl} but then ...somthing i don't like
[11:41] {Threei} but chickened out
[11:41] {dptl} :) may be
[11:42] {magoo} vad, if u still talking to me, read DE
[11:42] {magoo} massive support here
[11:42] {Threei} easy...
[11:43] {Threei} first D
[11:43] {Threei} as in Derivative
[11:43] {Threei} then, umm... E
[11:43] {Threei} and no, DE is not a bounce ready one yet
[11:44] {shorty} d/b coming for LVS?
[11:44] {Threei} and btw, it's very thin
[11:44] {Threei} no friking way to play any more than half lot
[11:44] {Threei} d/b as in double bottom?
[11:44] {shorty} yes
[11:44] {Threei} hmmm
[11:45] {Threei} market is still downtrending
[11:45] {Threei} LVS rather forms something like inverted C&H
[11:45] {shorty} ahhh...I see that.
[11:45] {Threei} DE
[11:46] {Threei} almost ready
[11:46] {Threei} if holding .35, .50 break half lot
[11:47] {Threei} if loses .30, invalidated
[11:47] {Threei} and I mean HALF LOT
[11:47] {Threei} invalidated
[11:48] {Threei} see LVS shorty?
[11:48] {shorty} short LVS .03
[11:48] {nemo} cat short?
[11:48] {dptl} nwsa again? .15 break?
[11:48] {Threei} .50 break nemo...
[11:48] {Threei} half lot again
[11:49] {nemo} misse it
[11:49] {shorty} out .90
[11:49] {Threei} there you go shorty... getting it
[11:49] {Threei} maybe covered a bit too soon, but that's not the point
[11:49] {shorty} Thanks Threei, I was looking at it on dimensionally.
[11:49] {shorty} one
[11:49] {Threei} right chart formation, aligned with market direction
[11:50] {dptl} s nwsa .13 stop .25
[11:50] {shorty} I get it, it's the bad habits that come creeping in that I don't like.
[11:50] {Les} nice bounce DE
[11:50] {Threei} well, we have trout
[11:51] {Threei} EU) Spanish Fin Min Salgado: Deficit reduction is becoming even more of a priority
[11:52] {Threei} nah, don't worry about that, just fight speculators
[11:52] {Les} what was the other priority they had??
[11:52] {Threei} fight speculators?
[11:53] {Threei} beat off the wolfpack?
[11:53] {Threei} teach the markets a lesson?
[11:53] {Threei} oh, and I forgot numer 1
[11:54] {Threei} above al, save their jobs
[11:54] {Les} sick of this "it's not our fault" BS
[11:54] {Threei} which involves pointing fingers and kicking the can
[11:55] {Les} happy to see Cameron at least fess up to need for reduced spending etc
[11:56] {Les} listened to interview once with "old school" politician from Australia
[11:56] {Les} in a time when politicians were working people who weren't millionaires
[11:57] {Threei} you mean 17th century?
[11:57] {Les} he was a drover, herding cattle
[11:57] {Les} no 1950's
[11:57] {Les} there were real people in politics once
[11:57] {RonS} clint eastwood?
[11:57] {Threei} hard to imagine...
[11:58] {Les} ronald reagin
[11:58] {Les} reagan
[11:58] {Les} reagen?
[11:58] {dino} intc l .20
[11:58] {RonS} europe closed, time to rally...
[11:58] {dptl} stopped nwsa _.13
[11:59] {Threei} LVS, pullback to about .10-.15
[11:59] {Threei} for long entry
[12:01] {dptl} bp?
[12:01] {Les} wow $gold
[12:02] {Threei} still looks short to me
[12:02] {Les} gold bulls just got crushed
[12:02] {Threei} 45 break
[12:02] {nemo} half lot?
[12:02] {dptl} 45 break .10 stop
[12:02] {Threei} nah, full lot
[12:03] {nemo} market strengthening
[12:03] {Threei} two sided setup then
[12:04] {magoo} futes going
[12:04] {magoo} UP
[12:04] {dptl} .in .12
[12:05] {dptl} long
[12:06] {dptl} stop under 45
[12:07] {Threei} LVS is coming into bounce zone
[12:07] {magoo} just needs futes to dig in here
[12:09] {dptl} offering .27 bp
[12:10] {Threei} LVS, who got it, start exiting
[12:11] {Les} v inverted H&S?
[12:12] {Les} sm l V .01
[12:13] {Threei} kind of, yeah
[12:13] {dptl} you in bp Vad?
[12:13] {nemo} market gonna' drop
[12:14] {Les} gld break of .70?
[12:14] {Threei} no dp, got distracted by LVS
[12:14] {Threei} looks fine to me though
[12:14] {dptl} so i am alone in here ..:)
[12:16] {Threei} V needs little market help
[12:16] {Threei} otherwise looks ready
[12:16] {Les} that's what I'm worried about
[12:17] {Threei} why would you worry... keep your stop and wait for the trade to resolve
[12:17] {Threei} leave worry to those who don't control their risk
[12:18] {shorty} Have a good guys, cya tomorrow.
[12:18] {Threei} take care shorty
[12:18] {Les} ciao shorty
[12:18] {nemo} ?
[12:19] {Les} replace missing verb with whatever you desire nemo
[12:19] {Threei} lol
[12:20] {Les} damn MA crashing
[12:20] {dptl} long petm .01
[12:20] {dptl} .89 stop
[12:21] {nemo} v resolved itself
[12:21] {Les} stopped -.15 V and reversed
[12:21] {Threei} Deutsche Boerse AG Comments that a short selling ban can "be harmful" and raise liquidity costs
[12:21] {Threei} - Note: Deutsche Boerse was among the list of financial companies whose stock was restricted from short sale
[12:23] {dino} they are/were short
[12:24] {nemo} 1:1 dp
[12:24] {dino} fdx ups hold well
[12:24] {magoo} real nice move DE
[12:26] {dino} day 2
[12:27] {dptl} out petm +.09 out bp+.07.......
[12:27] {nemo} market up V not
[12:29] {dino} out fdx .20,
[12:29] {dino} +1.35
[12:30] {Les} good observation nemo
[12:30] {Les} s ma .68
[12:31] {nemo} ?
[12:31] {Les} 18:28 nemo market up V not
[12:31] {dino} out intc .45, +.25
[12:32] {nemo} yes, understand, was wondering if it were patronizing
[12:32] {Les} who me?
[12:32] {Les} confessions of a guilty mind
[12:32] {dino} out pot.95, +.30
[12:35] {Threei} 49% Say Bush Chiefly To Blame for Big Deficit, 43% Blame Obama
[12:35] {Threei} Clinton really got lucky to be fully forgotten eh
[12:35] {Les} crap ma stopped
[12:35] {RonS} 100% should blame Congress
[12:36] {dino} you are right ron
[12:36] {Les} voters have 2 president memories
[12:36] {dino} same w/europe
[12:36] {Les} wonder if they can remember president prior to bush
[12:37] {dino} speculators merely alert the problem, do not cause it
[12:37] {strider} WFC?
[12:38] {Threei} on watchj but no clear setup yet
[12:38] {dino} cpla
[12:39] {strider} you could drive a truck through that spread, dino.
[12:39] {dino} i might
[12:39] {strider} durango will fit.
[12:39] {Threei} WFC,
[12:40] {dino} that what i drive
[12:40] {strider} I know.
[12:40] {strider} me too.
[12:40] {strider} sometimes.
[12:40] {dino} ahh, i forgot
[12:40] {RonS} Symantec Said to Be Close to Acquiring VeriSign Division
[12:40] {strider} mine is semi retired.
[12:40] {Threei} watch SPY, if it turns up and breaks 111.50 try to grab it aggressively
[12:40] {RonS}
[12:40] {nemo} wfc vad?
[12:41] {Threei} yes
[12:41] {Threei} ideally 30 break
[12:41] {strider} long on 30 break?
[12:41] {Threei} no
[12:41] {strider} speak clearly, man:)
[12:41] {dino} strider, my son told me yesterday to take care of it, he turns 13 next week
[12:41] {Threei} SPY 111.50 break is the trigger for WFC
[12:42] {strider} duh:(
[12:42] {Threei} 12:40] {Threei} watch SPY, if it turns up and breaks 111.50 try to grab it aggressively
[12:43] {strider} again, duh.
[12:43] {Threei} what?
[12:43] {strider} just me 'duh'ing.
[12:43] {strider} senior moments are wonderful.
[12:44] {strider} Only need two or three. Just use them over and over.
[12:44] {Threei} change of plans
[12:44] {Threei} .90 break
[12:44] {Threei} if stays above .85
[12:44] {strider} in
[12:46] {strider} giddyup spy.
[12:46] {Threei} double aggressive so to speak - both SPY and WFC just start showing turn... but the size of the stop is too good to ignore
[12:47] {Threei} no go
[12:48] {strider} out
[12:49] {magoo} DE sh loss 58
[12:50] {dino} out fcx flat
[12:53] {magoo} no go
[12:55] {RonS} qsft
[13:00] {Threei} rinse
[13:01] {dino} ugh fcx, paniced
[13:04] {strider} SPDR Gold Trust confirms break of the 10-day moving average
[13:04] {strider} gld
[13:06] {strider} GS consol?
[13:08] {strider} tough day
[13:08] {nemo} 60 grit day
[13:11] {nemo} in faz .02
[13:11] {Threei} Senate aide confirms that Senator Dodd will no longer seek compromise on derivatives legislation
[13:11] {Threei} - Dodd will no longer seek two year delay to requirement for banks to spin off their derivatives businesses.
[13:11] {Threei} - reminder: yesterday it was reported that Senator Dodd was offering a compromise on Lincorn Swaps provision that would delay a ban on bank derivatives operations for two years as federal regulators consider the impact of the prohibition.
[13:12] {Threei} why?
[13:12] {nemo} b
[13:12] {nemo} db
[13:12] {nemo} inside BBs
[13:12] {strider} so you're short?
[13:12] {nemo} at yesterday close
[13:13] {nemo} yeah short
[13:13] {strider} doesn
[13:13] {strider} doesn't 'in' usu. mean long?
[13:16] {nemo} long faz short financials
[13:17] {strider} but you're short faz, no?
[13:17] {nemo} long faz
[13:17] {nemo} 1/3 ourt .08
[13:17] {strider} [13:13] {nemo} yeah short
06[13:18] * strider slaps nemo around a bit with a large bag of obfuscation
[13:18] {nemo} I"M LONG FAZ
[13:19] {strider} thank you.
[13:19] {dptl} lol
[13:19] {strider} now wasn't that easy?
[13:20] {Threei} it was but you have to beat it out of him
[13:20] {nemo} [13:11] {nemo} in faz .02
[13:20] {nemo} stopped balance
[13:21] {RonS} eschew obfuscation
[13:21] {nemo} can't teeth are sensitive
[13:21] {RonS} lol
[13:21] {Threei} and Espouse Elucidation
[13:22] {RonS} rofl
[13:22] {Threei} alternatively, embrace the clairvoyance
[13:22] {nemo} lucidity...haven't experienced that in a while
[13:22] {RonS} girlfriend?
[13:22] {nemo} ?
[13:23] {strider} yeah, we see what you mean, nemo.
[13:23] {nemo} what do I mean?
[13:24] {RonS} qsft
[13:24] {strider} lack of lucidity.
[13:24] {nemo} ahhh
[13:24] {nemo} too much acidity
[13:24] {strider} and little sobriety
[13:25] {RonS} x
[13:27] {RonS} 3i, long x on a 49.50 break?
[13:29] {nemo} volume getting lightter as spy climbs
[13:30] {Threei} well
[13:30] {Threei} if it reverses about here, it would be a C&H
[13:30] {Threei} valid setup
[13:32] {strider} break of .80?
[13:32] {Threei} ?
[13:34] {strider} never mind. caught some of nemo's lack of lucidity.
[13:34] {nemo} :)
[13:34] {strider} don't really see the c& h though.
[13:35] {Threei} cup started at 11 am
[13:35] {RonS} ...if x bases here and goes to 49.50 you will see it
[13:35] {Threei} completed at 13:25
[13:35] {Threei} handle is in the process of forming, ugly as it is
[13:36] {strider} you're not talking about spy, are you? X
[13:36] {strider} ?
[13:36] {nemo} X is mimicing spy
[13:37] {Threei} X is what I am talking about, asnwering Ron
[13:37] {nemo} yes
[13:37] {strider} OK.
[13:37] {strider} Your comment came right after nemo posted about spy.
[13:37] {nemo} buy here at the trendline
[13:48] {nemo} wow, woul be almost 1:4 in X
[13:48] {Threei} yup
[13:48] {Threei} good call
[13:48] {nemo} the trend is your friend until it isn't
[13:49] {strider} KMB
[13:49] {Threei} see... as soon as you eschew the ambiguity and embrace the clairvoyance instead...
[13:49] {magoo} something is coming out at 2 pm i believe
[13:50] {Threei} FOMC minutes
[13:50] {magoo} ah ty
[13:50] {Threei} **Fed staff will also be updating economic forecast with the release of the FOMC minutes
[13:53] {nemo} what up with Kimberly Clark
[13:54] {Threei} KMB Hearing RBC upgrades rating (timing uncertain) (62.06, +0.06, 0.10%)
[13:57] {Threei} in X .11
[13:57] {Threei} sorry... late
[13:58] {Threei} sharply dropped right into lower BB
[13:58] {nemo} what was your stop, .00?
[13:58] {Threei} just under
[13:59] {Threei} lol
[13:59] {Threei} TM Reportedly plans to announce recall of 11,500 Lexus 2010 models due to steering wheel being off center
[13:59] {Threei} come on Toyota
[13:59] {strider} For the eccentrics out there.
[13:59] {nemo} that's thigh slappin' strider
[14:00] {strider} I'm trying to aim them at a 9th grade level, nemo.
[14:00] {strider} Glad you got it.
[14:00] {nemo} lucid moment
[14:01] {Threei} **Economic Forecast:
[14:01] {Threei} - 2011 GDP (3.4-4.5% prior)
[14:01] {Threei} - 2012 GDP (3.5-4.5% prior)
[14:01] {Threei} 2011 (8.2-8.5% prior)
[14:01] {Threei} - 2012 (6.6-7.5% prior)
[14:02] {strider} TM break of .45?
[14:03] {Threei} nah
[14:03] {Threei} just leave this thing alone
[14:03] {Threei} it has no patterrns
[14:03] {strider} you're right . Everybody loves TM,,, no matter what.
[14:03] {Threei} like a jellyfish, aimlessly wandering around
[14:03] {Les} nice catch on x
[14:03] {nemo} ambiguous
[14:03] {Threei} out X
[14:04] {strider} :)
[14:04] {Threei} anyone went for second chance entry?
[14:04] {Les} y ty
[14:04] {Threei} :)
[14:04] {strider} GS
[14:05] {Threei} wooohooo
[14:05] {Threei} all problems are going to be solved in oil drilling field:
[14:05] {Threei} (US) Interior Dept reportedly to announce it will form three agencies to regulate offshore oil drilling
[14:05] {Threei} get it?
[14:05] {Threei} not one
[14:05] {Threei} not two
[14:05] {Threei} three!
[14:05] {Threei} there, that's the response worthy of a great govermnet
[14:05] {strider} Well, they'll look right setting on a credenza.
[14:06] {Les} small government getting smaller
[14:06] {Threei} ugh, X was capable of more
[14:12] {RonS} ...hope this is not too off base, but i know at least dino will love it:
[14:12] {strider} oh m god
[14:12] {Threei} wow... that's a behemoth link, lol
[14:12] {Threei} what is it? :)
[14:13] {RonS} Az responding to the LA econ boycott
[14:13] {strider} Ron, try this out:
[14:13] {nemo} oh yeah, gonna' shut off there electricity
[14:14] {RonS} hey thanks strider; obviously I needed that, and will use it
[14:14] {strider} less intimidating. (For nemo, you know)
[14:15] {Threei} muddy day today
[14:15] {Threei} nothing even close to yesterday's lucidity
[14:16] {RonS} perfidious lucidity
[14:17] {nemo} wow
[14:17] {nemo} obfuscatory clarity
[14:17] {magoo} i thought today was alot easier
[14:18] {Les} vad you responded to comment made by Martin Armstrong
06[14:18] * Threei swears never ever leave home without dictionary
[14:18] {RonS} me too mags
[14:18] {nemo} sesquipedalian taurine excrement
[14:18] {Les} text is worth reading in full:
[14:18] {Les}
[14:18] {Les} yeh I am jealous Mags
[14:19] {Les} got on the wrong side of MA and buried myself in a big hole
[14:19] {nemo} oohh X might be breaking trend
[14:19] {Les} working with V was the right idea, or so I see now
[14:20] {Les} for others here, reading the top pdf pertaining to 'fat finger' incident is elucidating
[14:22] {nemo} x might bounce around .75
[14:23] {Threei} so many words for the simple: during panic, bids are withdrawn, thus prices cascades
[14:23] {Threei} simple as that
[14:23] {magoo} u r playing one of the hardest stox les
[14:24] {Threei} TM Exec: No evidence has yet been found that electronic throttles were cause of the sudden accleration issues involved in prior recall
[14:24] {Threei} lol
[14:24] {Threei} meanng: we fixed something, we are not sure what, and we have no idea what we should have been fixing
[14:25] {Les} it was good for two days mags. buried me today. but yeh risk wise you are right
[14:25] {Les} useful lesson to learn before playing for real £
[14:26] {Threei} i could tell you "stay away from that animal" for free
[14:26] {Les} speaking of which, friggin US post bounced my paperwork to Trev
[14:26] {Les} otherwise I'd be learning how Laser works right now
[14:26] {magoo} might as well trade GOOG
[14:26] {Les} maybe I should have written address in Chinese?
[14:26] {magoo} same donkey
[14:27] {Les} ok
[14:27] {Les} putting it in the 'don't touch' basket
[14:27] {Threei} put GOOG there too and let them duke it out between themselves
[14:27] {Les} any others
[14:28] {Les} while we are talking animal stocks
[14:28] {Les} ?
[14:28] {Threei} BRK.A
[14:28] {Les} lol
[14:28] {dptl} lol
[14:28] {Threei} lol
[14:28] {nemo} speaking of lucidity
[14:29] {strider} GS is pretty skeery sometimes.
[14:30] {strider} and AMZN takes fits
[14:30] {Les} yeh amzn is a no no
[14:30] {Les} GS, when it makes the media spot light is ok
[14:31] {Les} funny isn't it
[14:31] {Les} these stocks are really about trading their news
[14:33] {magoo} dont forget AAPL, jesus, DO NOT TRADE AAPL
[14:34] {magoo} bte, long aapl here
[14:34] {magoo} bte=btw
[14:34] {Threei} {fern} I hate RIMM
[14:34] {magoo} i hate........................
[14:34] {magoo} IMAX
[14:34] {strider} Fern's back!!!
[14:34] {Threei} lol, not yet
[14:37] {dino} med sm l .51
[14:38] {strider} BIDU break of 70?
[14:38] {Threei} probably... half lot
[14:38] {dptl} .
[14:39] {strider} hmmm thin I'll pass
[14:39] {strider} think
[14:39] {Threei} gosh... BIDU's thin? what else is new? :)
[14:41] {strider} oh my.
[14:41] {strider} :)
[14:45] {dptl} adi?
[14:45] {Threei} nah
[14:45] {dptl} ok
[14:53] {Threei} X, watch for sharp drop to grab a long around .05 - .10
[14:56] {Les} lol
[14:56] {Les} 2) Mrs Merkel has cheesed off the French. There is a grand tradition that if there is a pointless anti-market move to make, it should be taken in concert by the French and the Germans (see their horribly cumbersome European Alternative Investment Directive which sailed through another stage yesterday). Instead, the French are furious that the Germans took thi
[14:56] {Les} this particular stupid step unilaterally.
[14:57] {Les}
[14:58] {Threei} here is the thing about stupidity:
[14:58] {Threei} you can't talk anyone out of it, you have to let it run its course
[14:59] {dino} stupid is as stupid does
[14:59] {Threei} X
[14:59] {Les} in .06
[14:59] {magoo} dino gump is my name
[14:59] {nemo} no volume coming in yet though
[14:59] {dino} lol
[14:59] {dino} back in 10
[14:59] {Threei} nice and easy
[15:00] {Les} out +:10 ty
[15:00] {magoo} vad, in out X already
[15:00] {magoo} ?
[15:00] {strider} .07-.21
[15:00] {Threei} and alerted well in advance with precision worthy grand admiration
[15:00] {Threei} out .20
[15:01] {nemo} why did you pick .05-.10
[15:01] {nemo} ?
[15:01] {Threei} good question
[15:01] {nemo} Of course...I asked it
[15:01] {Threei} this is one of those rare cases where I don't have a good answer
[15:02] {nemo} embracing the....what was it?
[15:02] {Threei} normally I do, but this one was more of a feel
[15:02] {nemo} feerings, nothing more than feerings
[15:02] {nemo} crissakes, shouldn't have gotten another cup of coffee
[15:02] {Threei} I already skipped one trade on it because I didn't want to call it on opure feel,
[15:03] {Threei} short at .30 break at 14:17
[15:03] {Threei} swore at myself ever since
[15:03] {nemo} huey
[15:03] {strider} Oh don't do that, vad. We can take that responsibility off your shoulders.
[15:03] {Threei} rofl
[15:03] {nemo} Pi....nevermind
[15:04] {nemo} :)
06[15:04] * Threei slaps magoo around a bit with a large frozen trout with sharp jagged edges
[15:05] {nemo} here comes the selloff
[15:06] {nemo} major support right here on spy
[15:10] {dino} going to have to stop going to bus stop
[15:10] {nemo} why...eye for the little girls?
[15:10] {dino} every time i go market drops 70 pts
[15:10] {Threei} there... now we know whose fault iit is
[15:11] {Threei} at least Europe would have blamed it all on you
[15:15] {Threei} strider
[15:15] {Threei} you can start swearing at me
[15:15] {Threei} another pure feel one, skipped
[15:15] {nemo} du bist ein verdammte Pimmel!
[15:15] {Threei} short X 49 recross down
[15:16] {strider} aslfmwonie4g'slkgmhpoj you, vad!
[15:17] {Threei} still looks like short to me
[15:18] {Threei} no clear idea of entry though this time
[15:20] {Threei} .05 break
[15:20] {nemo} Qs javem
[15:20] {Threei} if stays under .15
[15:20] {Threei} inlvalidated
[15:35] {dino} out med .05, +.54
[15:35] {dptl} have a good evening all
[15:35] {Les} ciao dp
[15:35] {Threei} take care dp
[15:35] {nemo} volume pretty solid today
[15:35] {nemo} nice timing dino
[15:35] {dino} cya dp
[15:36] {dino} saw 31.11 ara resis
[15:36] {dino} area
[15:36] {dino} been ranging for hours
[15:37] {nemo} pretty thick to .20
[15:37] {dino} hits 30.50ish, will hit it again
[15:38] {dino} whr interesting around 98.75
[15:39] {Threei} US) Treasury official: support higher capital standards for financial institutions, but current provision on capital standards in Senate bill are unworkable
[15:39] {Threei} Senate cloture vote on Financial Regulation has begun
[15:39] {Threei} - 60 votes are needed in the procedural vote to end debate on the bill
[15:40] {nemo} might end flat on the day
[15:40] {dino} ubs reiterates ma target 298
[15:42] {Les} cool. I'm in
[15:42] {Threei} wacthing X for one last trade
[15:43] {Threei} .10 - .15 zone for bounce most likely
[15:43] {Les} wow V
[15:44] {nemo} WTF
[15:44] {dino} ma dump
[15:44] {dino} v too
[15:44] {Les} oh that is nasty
[15:44] {nemo} fat fingers
[15:45] {dino} ma sm l .00
[15:45] {Les} seems to be contagious
[15:46] {strider} Gotta run guys. See you in the morning.
[15:46] {strider} thanks, vad.
[15:46] {Threei} take care strider
[15:46] {dino} out ma .31, +1.31
[15:46] {Les} nice score dino
[15:46] {dino} lucky
[15:46] {Les} yeh friggin
[15:49] {dino} cya strider
[15:49] {dino} cya stride
[15:51] {nemo} V basically recovered all
[15:51] {Les} V has returned to previous price
[15:51] {nemo} dork
[15:52] {Les} :P
[15:52] {dino} ma drops again
[15:52] {Les} so this sort of volatility is to continue?
[15:53] {dino} dk les, dk
[15:53] {Les} sorry dino, rhetorical question
[15:53] {Les} 2 events in two weeks. I suspect yes
[15:54] {dino} que?
[15:54] {Les} apparently it was the norm during 1930's
[15:54] {Threei} I don't think this one qualifies
[15:54] {nemo} nah
[15:54] {nemo} Les is on drugs
[15:54] {Threei} 3 dollars dip ona volatile stock
[15:54] {dino} i will be on beer in 10
[15:55] {Les} 4% drop in 4 minutes on MA
[15:56] {nemo} De near the highs
[15:56] {dino} the efficient market
[15:57] {dino} feels like a casino this month
[15:58] {dino} out vit .56 -.29
[15:59] {dino} fin reg does not get 60 votes
[16:00] {larisa} bye :)
[16:00] {Les} ciao larisa
[16:01] {larisa} bye les :)
[16:01] {dino} cya larisa
[16:02] {Threei} thank you all
[16:02] {nemo} gnite
[16:02] {Threei} have a good evening, see you tomorrow
[16:02] {Threei} even you magoo
[16:02] {Les} ciao a domani
[16:04] {dino} later all tee time in 30