Thursday, May 27, 2010

May 27 2010

Strong day with 5 wins and two small stops. FAS, FAZ and BP were our heroes again.

Session Time: Thu May 27 00:00:00 2010

[07:56] {magoo} sedarmoc kninrom
[07:56] {strider} easy for you to say.
[08:01] {Threei} IGC Announces $35 Million Iron Ore Supply Contract With Chinese Mining & Smelting Group
[08:04] {magoo} .
[08:10] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)
[08:10] {Threei} **Consensus expectations:
[08:10] {Threei} - Initial claims are 455Ke v prior week at 471K
[08:10] {Threei} (US) Preview: Advanced Q1 GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:10] {Threei} - GDP Price Index: 0.9%e v 0.9% Preliminary reading
[08:10] {Threei} - Core PCE Q/Q: 0.6%e v 0.6%
[08:10] {Threei} Thursday, May 27, 2010 8:10:03 AM
[08:10] {Threei} (US) Preview: Advanced Q1 GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:10] {Threei} - GDP Price Index: 0.9%e v 0.9% Preliminary reading
[08:10] {Threei} - Core PCE Q/Q: 0.6%e v 0.6% Preliminary reading
[08:22] {KSystems} good morning
[08:23] {Threei} ks :)
[08:23] {KSystems} anyone with current YM quotes?
[08:24] {nemo} Dino
[08:24] {nemo} Dino's not gonna' be happy today
[08:28] {Les} looks like resistance around here. wonder if market going to drop into the broadening wedge sorta looks like its making
[08:28] {Les} afternoon all
[08:29] {Threei} nemo, les
[08:29] {nemo} Vadster les
[08:30] {nemo} well, it wouldn't be surprising to see a pullback on the open. How can you be an investor in this environment?
[08:30] {Threei} *(US) Q1 PRELIMINARY GDP PRICE INDEX: 1.0% V 0.9%E; CORE PCE Q/Q: 0.6% V 0.6%E
[08:31] {Threei} *(US) Q1 PRELIMINARY GDP Q/Q ANNUALIZED: 3.0% V 3.4%E; PERSONAL CONSUMPTION: 3.5% V 3.8%E
[08:33] {Threei} CYTR Bafetinib's Statistically Significant Inhibition Of Glioblastoma Multiforme Cells Demonstrates Tremendous Potential For Drug Candidate (0.94, 0.00, 0.00%)
[08:51] {Threei} CYBX Presents results for VNS Therapy for patients with chronic and recurrent treatment-resistant depression in July 2005
[08:51] {Threei} - Announced the results of a multicenter, double-blind, randomized dosing study (D-21) conducted as a condition of the FDA approval for VNS Therapy for patients with chronic and recurrent treatment-resistant depression in July 2005. This dosing study showed a consistent, sustained and clinically meaningful decrease in depression symptoms across all treatment groups as measured by multiple validated depression assessment scales
[08:53] {Threei} BP Reportedly the "Top Kill" procedure successfully blocks oil leak - unconfirmed report
[08:55] {Threei} reported by LA Times
[08:56] {Threei} article cites Coast Guard admiral, claims the flow has been blocked, yet it is not yet sealed
[08:56] {nemo} so there was a leak on the leak
[08:56] {Threei} sounds like they jumped the gun
[08:56] {nemo} Trust but verify :)
[08:56] {Threei} no real time TV reports said anything but " we will know around noon"
[08:57] {Threei} (EU) ECB's Gonzalez-Paramo: Reiterates Euro is solid, ECB has anchored inflation expectations
[08:57] {Threei} - current level of overnight deposits it showing the lacking confidence within the banking sector
[08:57] {Threei} - notes that the Euro could not survive if faced with an additional Greece type issue
[08:58] {Threei} it's a good possibility that "worked-not worked" will create a lot of drama for BP price today
[08:59] {nemo} so dramamine before trading BP
[09:00] {Threei} C... C+ at best
[09:00] {Threei} DVAX Two Phase III trials cleared to continue (1.61, 0.00, 0.00%)
[09:01] {Threei} correction - late afternoon for determining if it worked, BP says
[09:06] {Threei} BP Spokesperson: can't confirm report that "top kill" procedure was successful
[09:07] {dptl} good morning
[09:08] {ese} moning
[09:08] {nemo} moaning?
[09:08] {Threei} dp, ese :)
[09:10] {nemo} rig happy
[09:10] {strider} morning all.
[09:12] {Threei} strider :)
[09:14] {magoo} RIG better mover of two (BP)
[09:14] {Threei} in what way?
[09:15] {Threei} wider moves or more predictable?
[09:15] {magoo} better range..bigger range
[09:15] {magoo} plus stronger overall
[09:15] {Threei} well, it's thinner
[09:15] {Threei} wider spread
[09:15] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:16] {larisa} :)
[09:17] {ese} you lookin at anything in particular vad or just the usual suspects
[09:17] {Threei} usual plus BP
[09:18] {Threei} that is going to be high drama today probably
[09:18] {Threei} and nemo, don't even think of repeating dramamine joke... truly lame, even with my primitive sense of humor
[09:18] {lasertrev} good morning
[09:19] {Threei} trev :)
[09:19] {Les} let's have the joke nemo
[09:19] {nemo} wasn't a joke, just a comment
[09:19] {shorty} morning, can only trade for a little bit, but hope to make it a good one.
[09:20] {Threei} shorty :)
[09:20] {nemo} Hope is a dirty word
[09:20] {Les} shorty, if you leave your kids in a cage at the zoo you won't have to repeatedly miss trading for said excursion with children
[09:21] {shorty} This one is for her school, and I wa asked to help the teachers, and said yes.
[09:21] {ese} this is my kinda guy.......good job shorty
[09:22] {shorty} lol thanks ese
[09:22] {Threei} I have whole three jokes about that but none of them is usable in anything remotely resembling decent gathering
[09:23] {nemo} that's what dcc is for
[09:23] {Threei} VLNC Receives Orders to Power New Fleet of Environmentally-Friendly Hybrid School Buses
[09:24] {Les} oh so we are decent gather are we? I'll remember that
[09:24] {Les} Or were you just refering to Lari?
[09:25] {Threei} pretty much, plus I am not sure who else out there reads the logs,
[09:25] {Threei} so I save myself editing
[09:26] {Les} Threei {--------- joke nazi
06[09:27] * Threei opens his box with various trouts, selects the one matching the occassion
[09:27] {nemo} tiger trout
[09:27] {Threei} you think?
[09:27] {nemo} imo
[09:27] {Threei} OK, 3 min to open
[09:28] {Les} tried to do a constanza trade on bp
[09:28] {jfjf64} mornin
[09:28] {Threei} jf :)
[09:28] {Les} saw it breaking 45, thought it was a trap
[09:28] {Les} but failed to get in at .06 for a long
[09:32] {shorty} NTAP momo
[09:32] {Threei} Long Setup: FAZ .15 break
[09:32] {Threei} if stays above .10
[09:33] {Threei} 1:1
[09:33] {shorty} took it...ty
[09:34] {nemo} piece of work that Ksystems
[09:34] {KSystems} :-P
[09:34] {nemo} Jung! Was machst du denn?!
06[09:34] * KSystems slaps nemo around a bit with a large Mexican Golden Trout
[09:35] {nemo} Herrn K, vielleicht hat er nicht gesehen
[09:35] {Les} cutthroat trout looks about right
[09:35] {Threei} 1:2
[09:35] {Threei} 1:3, out
[09:35] {magoo} out .28 ty
[09:35] {magoo} crap
[09:35] {Threei} 1:5
[09:35] {Threei} lol
[09:36] {magoo} frustrating
[09:36] {Threei} sheesh
[09:36] {nemo} what was the setup-bounce recross hunt?
[09:36] {Threei} I hate this attitude
[09:36] {magoo} calm down
[09:36] {Threei} getting perfect entry, safest possible, nice profit
[09:36] {Threei} yet iot's frustrating
[09:37] {magoo} im unique-greedy
[09:37] {Les} .40 is resistance for FAZ. hopefully pullback opp here
[09:37] {magoo} remember my book"the rocking horse winner"?
[09:37] {Threei} yes on setup, nemo
[09:37] {nemo} ty
[09:38] {nemo} why you think bounce there?
[09:38] {magoo} BP pulling back
[09:38] {magoo} RIG up
[09:40] {Les} jeez MON getting punished
[09:40] {nemo} said they wouldn't make numbers this year
[09:40] {Threei} Long Setup: BP .50 break hakf lot
[09:41] {Threei} 1:1
[09:41] {dptl} ah missed it
[09:41] {shorty} took 1:1 ty
[09:41] {magoo} out .70 TY vad
[09:42] {magoo} took .49
[09:42] {Threei} welcome
[09:42] {magoo} frustrating
[09:42] {magoo} HE HE
06[09:42] * nemo slaps magoo around a bit with a large cutthroat trout
[09:43] {Threei} 1:3
[09:44] {magoo} WOW V dive
[09:45] {Les} faz pullback
[09:45] {magoo} news V vad?
[09:45] {Threei} no
[09:47] {Threei} RIG Hearing JPMorgan making cautious comments (timing uncertain)
[09:50] {Les} GLD very strong
[09:53] {Les} F .70 b/d?
[09:53] {jfjf64} lvs vad
[09:54] {Threei} if market spikes, .95 break
[09:54] {Threei} I'd prefer pullback though
[09:56] {Threei} not much of a pullback
[09:57] {ese} L klic .95
[09:57] {Threei} NTAP
[09:57] {Threei} half lot
[09:57] {Threei} dive under .50, watch for recrosses
[09:57] {Threei} 10 cents ranges
[09:58] {Threei} that was too fast
[09:58] {Les} out +.11 ty
[09:59] {Threei} let it do it again but in a more stable fashion
[09:59] {Threei} good reflexes Les
[10:03] {dptl} .
[10:03] {Threei} wqhat's your point?
[10:04] {Threei} FAZ,
[10:04] {Threei} .46 - .47 is breakout
[10:04] {Threei} I'd prefer drop to .35 for entry
[10:05] {Threei} LVS broke and worked
[10:06] {Threei} Long Setup: FAZ .35 break
[10:06] {Threei} if holding .30
[10:07] {Threei} want drop under .25 and cross back now
[10:10] {Threei} Long Setup: RIMM .50 break half lot
[10:11] {Threei} stop under .40
[10:12] {ese} out klic .05 +.10 4k
[10:13] {Threei} nice
[10:13] {dptl} l .51
[10:13] {dptl} rimm
[10:13] {ese} surprised it took that without any fuss
[10:13] {Threei} BP (US) US Govt issues revised BP oil spill rate: Flow estimated at 12-25K bps
[10:14] {ese} sorry read it wrong .04 +.09 not .10
[10:14] {Threei} tsk tsk tsk
[10:15] {Threei} no go RIMM
[10:15] {dptl} stopped
[10:15] {ese} i'll try to do better next time
[10:15] {shorty} see you guys later.
[10:15] {Threei} take care shorty
[10:15] {Les} ciao
[10:20] {_josef} hey everyone
[10:20] {Threei} hi josef
[10:20] {_josef} im new here
[10:20] {_josef} what do u guys trade=
[10:20] {_josef} ?
[10:21] {magoo} hi joswef
[10:21] {Threei} ummm... stocks
[10:21] {KSystems} josef! :) welcome
[10:21] {Threei} Long Setup: FAS .35 break
[10:21] {_josef} obviously stocks
[10:21] {_josef} but pennys BB otcs?
[10:21] {Threei} no
[10:21] {_josef} or everything?
[10:22] {Threei} normal stocks - NYSE, NASDAQ, ETFs
[10:22] {_josef} oh nice i se
[10:22] {_josef} see
[10:22] {_josef} dont like pinks ?
[10:22] {Threei} low of this pullback will define stop level but under .25 will be invalidated
[10:23] {Les} sm l MON .51
[10:23] {Threei} there are over 10K normal stocks, why would we bother with that crap
[10:23] {_josef} lol. u loss money on them?
[10:24] {Threei} we do NOT trade them - how can we lose on what we do NOT trade?
[10:24] {_josef} well maybe u dont trade em because u loss something, SORRY for asking
[10:24] {ese} tivo's an interesting looking animal isn't it
[10:24] {dptl} in fas.37
[10:24] {Les} in .37
[10:25] {_josef} u guys trade options¿
[10:25] {Threei} josef, we trade stocks
[10:25] {Threei} please observe
[10:25] {Threei} one of them was called and is moving as we speak
[10:25] {strider} josef, why don't you just watch awhile.
[10:25] {Threei} 1:1
[10:25] {Les} half out fas .48
[10:25] {_josef} alright
[10:25] {Threei} see FAS?
[10:26] {_josef} yes
[10:26] {Threei} a trade executed and profited from before your very eyes
[10:26] {_josef} yes, tiny ticks everywhere
[10:28] {jfjf64} spy
[10:28] {dptl} half out
[10:29] {Threei} stop to .34 for the balance
[10:29] {Threei} should have gone for aggressive entry
[10:29] {Threei} .30 crossback with stop under .25
[10:29] {Threei} thought of it at the moment, then got distracted
[10:30] {larisa} by tiny ticks :)
[10:30] {Threei} right
[10:30] {Threei} 1:2
[10:30] {Les} sold another quarter here
[10:30] {Threei} 1/4 more out
06[10:30] * strider slaps Threei around a bit with a large bottle of deer ticks.
[10:30] {dptl} .57 more
[10:30] {Threei} stop to under .40
[10:31] {Threei} that's what I get to 4th winning call today
[10:31] {Threei} slaps with various bottled crap
[10:31] {strider} sigh
[10:32] {strider} just trying to help
[10:32] {Les} if I knew how to slap with a bottled grey goose, I would...
[10:32] {Threei} I appreciate the intention nonetheless strider
[10:32] {Les} and all out .65 ty sir
[10:32] {dptl} all out .65 ty ty
[10:32] {Threei} 1:3
[10:32] {Threei} feel free to take profit as you see fit
[10:32] {Threei} 1:4
[10:32] {Threei} welcome guys
[10:33] {strider} out GE swing +1.12
[10:33] {Threei} wtg
[10:33] {Les} keep that to yourself strider
[10:33] {Threei} lol
[10:33] {Threei} really
[10:33] {Threei} ok
[10:33] {Threei} FAZ time
[10:34] {Threei} Long Setup: FAZ .80 break
[10:34] {Threei} if stays above .75
[10:34] {Threei} invalidated
[10:34] {Threei} 5 cents recross hunt is on
[10:35] {Threei} while stops are of scalping size, do not take scalp on winning one
[10:35] {Threei} can do much better
[10:35] {Threei} over 1:1
[10:35] {Threei} 1:2, half oput
[10:36] {Threei} 1:3
[10:36] {Threei} 1/4 out
[10:37] {Threei} stop to under .80 for the last piece
[10:38] {magoo} cov .94 vad TY 2K
[10:39] {Threei} nice
[10:39] {strider} where's dino?
[10:39] {Threei} 1:4, out in full
[10:39] {jfjf64} nice nice buy momma new pair of SHOESty vad
[10:39] {Threei} welcome
[10:40] {Threei} that's 5 out of 6 today
[10:40] {Threei} can I go home?
[10:40] {Les} NO
[10:40] {jfjf64} 100 percent
[10:40] {strider} RIMM
[10:40] {jfjf64} comon les
[10:40] {dptl} no,i only got 2 out of 3
[10:40] {jfjf64} give the old guy break
[10:40] {Threei} 2 out of 3?
[10:40] {Threei} there were 6
[10:40] {Les} it's not even 9am at his place!!
[10:41] {dptl} yes missed the rest
[10:41] {Les} the man can work!
[10:41] {Threei} what, you slept through 3 more?
[10:41] {dptl} looks like
[10:41] {Threei} lol
[10:42] {Threei} anyway, action slowed down greatly
[10:42] {Threei} easy money has been made, let's be more picky from now on
[10:42] {Threei} now, what problem do you think bothers Europe the most?
[10:42] {Threei} (EU) European Commission calls for CO2 auctions to start in 2012
[10:43] {Threei} sigh
[10:43] {magoo} dino phoned in..coming 11:30
[10:43] {magoo} slakr lol
[10:43] {Threei} really
[10:44] {Threei} what's with discipline... could have hired someone to punch the clock at least
[10:44] {magoo} really what? that hes a slacker?
[10:44] {Threei} yeah
[10:44] {strider} RIMM pb
[10:44] {strider} read, vad?
[10:44] {Threei} none, leave it be
[10:45] {Threei} the way I see it:
[10:45] {Threei} 6 trades, 5 wins, 1 stop - and that stop is on RIMM
[10:45] {Threei} so, this is the least readable one of all our picks today,
[10:45] {Threei} why bother?
[10:45] {Threei} plenty of fish in the sea
[10:45] {Threei} what, I need to take revenge?
[10:45] {strider} trout?
[10:45] {Threei} trout too
[10:46] {strider} mmmmm..
[10:46] {magoo} because revenge is a dish best served cold
[10:46] {Les} MON stopped -.25
[10:47] {strider} FAZ c&h
[10:47] {Threei} that's far from noble china strider
[10:48] {Threei} ugly like my afterlife promises to be
[10:48] {strider} paper plates are fine.
[10:50] {magoo} thats why i constantly harrase u vad, to etter prepare u for next life
[10:51] {Threei} you are way too late... should have arrived into my life about 30 years ago, to keep most sins from being committed {G}
[10:52] {Threei} but I understand yoy were too busy committing your own back then
[10:52] {Les} MON rinse great
[10:52] {ese} L tlab .06
[10:52] {strider} "Lord, make me chaste, but not just yet." -St. Augustine
[10:53] {ese} daaaaaaaaaa call it .07 sheesh .06996327
[10:55] {Threei} told ya ese - that's how you pay for those "low commissions"
[10:55] {Threei} they sell your order flow
[10:56] {strider} BP
[10:56] {ese} indeed
[10:56] {magoo} joke here
[10:57] {magoo} u know what women in russia nicknamed vad??
[10:57] {Threei} gosh... I am scared to even guess
[10:57] {magoo} anyone??
[10:57] {magoo} mr. softie
[10:57] {Les} ouch
[10:57] {Les} now your playing games with the boss mags
[10:57] {Les} you're
[10:58] {Les}
[10:58] {magoo} did u guys ever consider possibility that magoo and vad are one author?
[10:58] {strider} no
[10:58] {Les} nope
[10:59] {magoo} smarter than u look lol
[10:59] {ese} ahhhhhhhhhh the thick plottens
[11:00] {ese} or is that plot thickens/
[11:02] {_josef} NTAP
[11:03] {larisa} care to explain the joke magoo?
[11:03] {Threei} mags... be smart now and say no
[11:03] {larisa} i am russian and I am a woman, I want to know :)
[11:03] {Threei} mags... be very very smart
[11:04] {magoo} nope
[11:04] {magoo} i think russian women are prettiest in world
[11:04] {strider} GS c&h, wide as usual
[11:04] {ese} out tlab ..15 +.08
[11:05] {Threei} that's smart mags
[11:06] {strider} Well, I KNOW they are...
[11:06] {strider} {-----trumps mags
[11:06] {nemo} faz looking long here vad?
[11:06] {larisa} I know mister Softee is a slang for MSFT
[11:07] {Threei} not sure nemo
[11:07] {Les} larisa?
[11:08] {Les} see NTAP josef? it is not sure if its up or down...
[11:09] {Les} been screwed many a time playing with that
[11:09] {dptl} bbd?
[11:11] {magoo} vad, its killing me...?
[11:11] {Threei} what is?
[11:11] {_josef} ABWTQ
[11:11] {magoo} larisa
[11:11] {magoo} [11:07] {larisa} I know mister Softee is a slang for MSFT
[11:11] {ese} L sigmund freud .00
[11:12] {ese} sorry thats sigm
[11:12] {Threei} well... you are grown-up... if you want to walk into troubles, who am I to keep you...
[11:12] {magoo} i do not
[11:12] {Threei} the only thing I can propmise you:
[11:13] {magoo} OY
[11:13] {Threei} I will ask larisa to use quickly working poison in your soup... I can't promise she will listen though
[11:13] {Threei} Reportedly Democrats in Senate considering language that would soften fund manager tax proposal - unconfirmed report
[11:13] {Threei} - note: current bill would reqiure fund managers to treat 75% of carried interest as ordinary income
[11:15] {Threei} Short Setup: NTAP 38 break half lot
[11:15] {Threei} reluctant call
[11:15] {Les} I'm already short
[11:15] {Threei} as I said, easy money has been made
[11:16] {dptl} stop?
[11:16] {Threei} sorry les... you may want to try some height-gain exercises...
[11:16] {Les} hey that's pretty funny
[11:16] {Threei} so far above .15 dp
[11:16] {dptl} ty
[11:16] {Threei} it tries to establish .10 as resistance but that's a bit dicey
[11:18] {strider} +.07 BP short scalp
[11:21] {Threei} IMF's Strauss-Kahn: expects Europe to get back on track "rapidly"
[11:21] {Threei} Europe: don't wait up...
[11:22] {nemo} I hate it when I spit my coffee all over the screen
[11:22] {Les} if .02 GDP growth is rapid for him that's ok for me...
[11:22] {Les} .02%
[11:22] {Threei} nemo... you mean my joke was funny??
[11:22] {nemo} His comment made me puke
[11:22] {Threei} that would be second person today lauighing at my jokes
[11:22] {Threei} that's a record
[11:22] {nemo} don't quit your day job
[11:23] {Threei} NTAP invalidated
[11:24] {strider} you're on a roll, vad.
[11:24] {Threei} well, comparing to magoo...
[11:24] {Threei} who is scared to death to finish one joke he ventured today... {G}
[11:25] {strider} "lower expectations"
[11:25] {Threei} and rightly so, I must say
[11:25] {Threei} yup... underpromise and overdeliver
[11:26] {Les} sm l MON .92
[11:26] {strider} bp
[11:26] {strider} spike
[11:26] {Threei} Senator Lincoln: will push to keep her amendment requiring spin off of swap desks in finreg bill, but open to alternatives
[11:27] {Threei} as we approach afternoon, keep BP on your screen
[11:27] {Threei} announcement of top kill results, if comes during market hoirs, will impact price
[11:30] {strider} SPWRA
[11:30] {Threei} SPWRA Macquarie Raised SPWRA to Outperform from Neutral, price target: $15 (timing uncertain)
[11:31] {Threei} that's all it spiked on... lol
[11:31] {strider} bags! get your bags here!
[11:32] {ese} sigmund baby!!!!! do it!!!! know how you can get to close to a stock sorry that was sigm
[11:33] {ese} daaaaaaaaaaaa
[11:35] {Threei} PLUG Halted: news pending (0.43, +0.07, 18.25%)
[11:35] {Threei} Announces restructuring to focus on commercial activity in material handling division
[11:36] {strider} what kind of activity have they been engaging in?
[11:37] {Threei} alt energy
[11:37] {Les} SLM vad. u got a read?
[11:38] {Threei} it was upgraded yesterday, with about double target
[11:38] {Threei} which helped rally
[11:38] {Les} ah I remember that
[11:39] {Threei} dunno... kind of 50.50
[11:39] {Threei} may continue, may fizzle out
[11:41] {nemo} fas bounce here possibly. close to 200 vwap at .35
[11:44] {Threei} dino :)
[11:44] {nemo} binky!
[11:45] {Les} EK vad
[11:45] {Les} .70 b/d?
[11:45] {Threei} nah
[11:45] {nemo} good you took the morning off up day
[11:45] {Les} evening dino. it's already beer o'clock...
[11:47] {nemo} well, that fas bounce would have brought ya' to .01 under 1:1, then rinsed
[11:48] {Les} s txt .92 half
[11:51] {Threei} firmly set to eliminate your today's profits, aren't you
[11:52] {Les} what profits?
[11:53] {Threei} never mind...
[11:53] {Threei} why do I bother talking to people
[11:53] {Les} :P
[11:53] {Les} let me learn at my own pace vad
[11:56] {Threei} by all means
[11:56] {Threei} {--- back under my rock
[11:58] {dino} you guys/gals making any $ today?
[11:58] {magoo} vads been off
[11:58] {Threei} give me a gun
[11:59] {strider} for magoo or yourself?
[11:59] {Threei} I'll start with magoo
[11:59] {strider} after all, you missed one.
[11:59] {Threei} then think who's next
[11:59] {Les} lol got a rinse on MON. long 2nd try .92
[11:59] {Threei} actually, no
[11:59] {Threei} that'll be too quick
[12:00] {Threei} I will leave him to larisa, and will ask her for slowly and painfully acting poison
[12:00] {larisa} not my style
[12:00] {Les} ntap 38 b/d
[12:02] {Les} sm s ntap .94
[12:03] {larisa} fine, shorted NTAP at 38.50, covered by mistake at .50, did not reenter, watching it working now :)
[12:03] {Les} ooooh and you didn't share that with us....
[12:04] {larisa} no, you guys do not like russian girls.. i do no t like guys who do not like me :)
[12:04] {nemo} I love Russian women
[12:04] {Les} well I could like you a lot more if you start sharing sweet entries like that ;)
[12:05] {magoo} [11:04] {magoo} i think russian women are prettiest in world
[12:05] {Threei} and just think what is going to happen to magoo when Ilana hears this... can you spell double trouble?
[12:06] {magoo} im sh ntap btw 38.04
[12:07] {dino} ahh yes, russian women, luv 'em
[12:07] {strider} now everybody's piling on.
[12:08] {Les} dino, what's your read of MON?
[12:08] {dino} ouch
[12:08] {dino} big downgrade
[12:09] {dptl} kss?
[12:09] {Les} really? what price target?
[12:09] {dino} 55
[12:09] {dino} from 90
[12:09] {dino} lowered guidance
[12:10] {Threei} worth a try dp
[12:10] {dino} no support on charts, 3 years\
[12:10] {Les} txt stopped
[12:11] {dino} edmc?
[12:11] {dino} all ed's it seems
[12:12] {Threei} yeah, continuation of yesterday's weakness
[12:12] {strider} XLF?
[12:13] {Threei} I'd prefer FAS
[12:13] {Threei} much better mover
[12:13] {dino} negative close?
[12:13] {nemo} wow
[12:13] {larisa} no way
[12:15] {dino} happened yesterday
[12:16] {magoo} no way red close
[12:18] {ese} sigmund baby....i'm done with ya out sigm .07 +.07
[12:18] {strider} sometimes a cigar is just a cigar.
[12:19] {Les} not bad not bad. pretty funny
[12:19] {strider} old saw.
[12:19] {nemo} mmmmhhh watch for rimm break Vad?
[12:20] {Threei} nah
[12:20] {strider} vad hates rimm
[12:20] {Threei} lol
[12:20] {Threei} no
[12:20] {Threei} just don'tr view this situation as breakout play
[12:23] {magoo} cov ntap sh here .64
[12:23] {magoo} ty vad
[12:23] {magoo} +. 38ish
[12:30] {strider} KLAC dbl top
[12:30] {strider} interesting, vad?
[12:32] {Threei} not really
[12:32] {Threei} market stalled
[12:32] {Threei} nothing that happens i such a narrow range is of any significance
[12:32] {Threei} it's just a noise
[12:34] {Threei} 46% Oppose More Government Regulation of Financial System, 37% Favor
[12:36] {Threei} oh yes
[12:36] {Threei} daily dose of idocy from the Idiots Union:
[12:36] {Threei} (EU) Italian PM Berlusconi: United European action has defeated attacks on the euro by speculators
[12:37] {Les} he's a smart player vad
[12:37] {Les} Berlusconi has kept himself out of prison for years even as police keep chasing him. He plays the game well
[12:38] {Threei} am I supposed to bow in awe?
[12:38] {Les} no
[12:38] {Les} but I don't think of him as an idiot
[12:38] {Les} smart arse geriatric maybe
[12:38] {Threei} I am not evaluating his entire life, you see
[12:39] {Les} fantastic choice of women absolutely
[12:39] {Threei} I am talking about this line of comments
[12:39] {Les} yeh
[12:39] {Les} but if anyone is blowing smoke for cover it's him
[12:39] {Threei} and if you see anything but idiocy in this, I beg to differ
[12:41] {magoo} RIG pounded here
[12:41] {Threei} if he believes this, he is an idiot
[12:41] {Threei} if he knows this to be bs,
[12:41] {Threei} and tries to route anger in that venue
[12:42] {Threei} it's very nearsighted policy
[12:42] {Threei} and will backfire badlky
[12:42] {Les} I remember this guy answering questions from audience for last election
[12:43] {Les} woman asks him "what am I supposed to do about work in aweful state of italian economy"?
[12:43] {Les} Berlusconi smiles and says " you need to marry rich italian man"...
[12:43] {Threei} clap clap
[12:43] {Les} and the bozos still voted him in
[12:44] {Les} so maybe he's not smart
[12:44] {Les} just italian people been dumbed down a little...
[12:44] {Threei} you are widening the scope
[12:44] {Les} oops any italians here?
[12:44] {Threei} there are a lot of things playing in election
[12:45] {Threei} again: I am talking about this line of comments
[12:45] {Threei} it IS idiotic
[12:45] {Threei} in so many ways, it's hard to list them all
[12:45] {Threei} and they corner themselves by doing this kind of public conditioning
[12:46] {Threei} dopwn the road, either they act as economy requires
[12:46] {Threei} and get nailed for acting against their own words
[12:46] {Threei} or they follow the words
[12:46] {Threei} and worsen the state of economy
[12:46] {Threei} where is the upside?
[12:47] {Threei} they create lose-lose for themselves
[12:48] {dino} les, you hit the point, govt's everywhere are dumbing down their citizens. if they are clueless they do not question what is going on
[12:49] {Threei} some govts don't even have to do anything to dumb the citizenry down {G}
[12:49] {nemo} rimm breaking out
[12:49] {Les} importantly though
[12:49] {Les} Berlusconi owns all the media in Italy as well
[12:49] {Les} so he can tell them whatever story he wants to
[12:50] {Threei} who cares... economy goes down, it all won't matter
[12:50] {Les} well
[12:50] {Threei} look at two more examples
[12:50] {Threei} 1 US
[12:50] {Les} I'd be happy to have cheaper rentals for summer
[12:50] {Les} so yes, would be good
[12:50] {Threei} Obama cornered himself with the same line of comments,
[12:50] {Threei} now he has BOTH sides unhappy
[12:50] {Threei} right - because he tries to supress business,
[12:51] {Les} cover NTAP .61. looking for reentry
[12:51] {Threei} left p- because he doesn't go far enough in doing so
[12:51] {Threei} 2. Canada
[12:51] {Threei} prime-minister refused to punish banks and assign any blame to them,
[12:51] {Les} bp
[12:51] {Threei} insisting that givt largesse is the root of the problem
[12:52] {Les} what is he stupid?
[12:52] {Threei} and that Canada was more or less immune because govt never went as far
[12:52] {nemo} SPY approaching 200 ma
[12:52] {nemo} right about here
[12:52] {Threei} his popularity is at the high
[12:52] {Threei} Cnada is stable
[12:52] {Threei} and most importantly,
[12:52] {Threei} his future actions are win win
[12:52] {Threei} because he will a) follow his words
[12:53] {Threei} and b) do what economy requires
[12:53] {Threei} now, who is stupid?
[12:53] {Threei} and btw,
[12:53] {Threei} while canadians tend to dislike him personally
[12:54] {Threei} he is widely credited for the right handling of the economy during crisis
[12:54] {Threei} cimpare it with:
[12:54] {Threei} 12:34] {Threei} 46% Oppose More Government Regulation of Financial System, 37% Favor
[12:54] {Threei} and this is after all the banks demonizing
[12:55] {Threei} how does it shape up for Nov election?
[12:55] {dino} chaos
[12:55] {dino} guess who's on tv?
[12:55] {Les} yeh but you know America is special case, don't you think?
[12:55] {Threei} lol dino
[12:56] {Les} I've never seen such ideology in a nation except US
[12:56] {Threei} what can I say
[12:56] {_josef} SLNN
[12:56] {Threei} europian ideology manifested through economikc policies comes to a head
[12:57] {dino} america is mad, thats what i se and hear. mostly because the idiots who broke the banks, etc are still in charge
[12:57] {nemo} frickin RIMM
[12:57] {dino} no accountability
[12:58] {Les} You are right. Europe trying to appease people through generous social spending is also ideological program
[12:58] {Les} destined to fail
[12:58] {Threei} exactly
[12:58] {Les} but without 7 aircraft carriers
[12:58] {Les} and 10000 nuclear weapons :)
[12:59] {Threei} do you know why?
[12:59] {magoo} obama killing rig here
[12:59] {Threei} or you seriously believe fairy tales about peaceful europians and war-loving americans?
[13:00] {nemo} 100 years war
[13:00] {nemo} 30 years war
[13:00] {nemo} War of The Roses
[13:00] {nemo} on and on and on
[13:00] {Les} suuuuuuure
[13:00] {magoo} sh rig 61 cov .57
[13:00] {Threei} British Petroleum plc US President Obama reiterates is holding BP Plc responsible for the oil spill
[13:00] {Threei} - formally announces actions to improve regulation and safety of offshore drilling; confirms extending moratorium on new deepwater drilling permits for six months. About 37 ongoing deepwater operations will have to shut down for thourough inspections.
[13:01] {Threei} oh, and case you didn't know - he is angry and frustrated
[13:01] {dino} he's an idiot
[13:04] {Les} bp 45 b/d?
[13:05] {Threei} it's not a technical setup
[13:05] {Threei} it's being driven by this development
[13:05] {Threei} was looking breakupsih until president started talking
[13:06] {strider} bounce coming?
[13:06] {Threei} ummm
[13:06] {strider} after speech
[13:06] {Threei} you suggest to evaluate non-technical move my technical criteria?
[13:06] {strider} ???
[13:07] {larisa} my=by :)
[13:07] {Threei} right
[13:08] {magoo} \sh bp 45
[13:08] {magoo} wait .57 area
[13:09] {magoo} covered
[13:12] {strider} I don't understand what a 'technical move' is. I understand technicals as reading moves, whatever the reason. And that the reason is irrelevant from a technical point of view.
[13:13] {Threei} think of news development as interruption
[13:14] {Threei} that violatesd "normal" movement
[13:14] {Threei} normal being technical
[13:14] {Threei} if suddent news causes price shock,
[13:14] {Threei} is there any way to read that move in advance by technical methods of chart reading?
[13:15] {Les} ntap coming back down mags
[13:15] {Threei} see my point?
[13:15] {strider} not sure.
[13:16] {Threei} OK, look NTAP daily
[13:16] {strider} most big moves are news driven.
[13:16] {Threei} today's price shock is obviously news caused
[13:16] {strider} even smaller spikes can be.
[13:16] {Threei} could you read it yesterday by technical method?
[13:17] {strider} But I'm not suggesting that you read the initial move in advance. But it's just a case of capitulation is it not/
[13:17] {strider} ?
[13:17] {Threei} point is,
[13:17] {strider} It still forms a chart pattern.
[13:17] {Threei} when news is in developemnt
[13:18] {Threei} or stock is too hot right after the news
[13:18] {Threei} there are no technicals helping to read it
[13:18] {nemo} AWIAV?
[13:18] {nemo} :)
[13:18] {strider} gotcha.
[13:18] {Threei} BP is news is development
[13:18] {Threei} speech right now,
[13:18] {Threei} waiting for top kill results
[13:19] {Threei} NTAP will take a little while for the price shock to subside and normal trading to return
[13:19] {Threei} etc
[13:19] {Threei} sudden development interrupts normal process
[13:19] {Threei} in this particular case:
[13:19] {strider} I understand.
[13:20] {Threei} president starts speaking, BP drops
[13:20] {Threei} can you try and read the move by chart
[13:20] {Threei} or do you have to be careful of the next sentence leaving his lips
[13:20] {Threei} or announcement of top kill reults?
[13:21] {strider} so, to make an oversimplification, perhaps: Technicals trump news (most of the time); Big news trumps technicals.
[13:22] {Threei} I don't know if you can put it like this
[13:22] {Threei} they are interconnected
[13:22] {Threei} often it's not news itself
[13:22] {Threei} but perception
[13:23] {Threei} and how widely news was expected
[13:23] {Threei} and priced in
[13:23] {magoo} big rip RIG, was Long .20 out .73
[13:24] {strider} It seems market is tired of speech. ready to boogie.
[13:30] {magoo} ATPG
[13:30] {magoo} ATPG
[13:33] {Threei} PGNX Antitoxin antibodies demonstrated positive activity in laboratory and animal models of C. difficile-associated disease
[13:33] {Threei} e (4.99, +0.09, 1.84%)
[13:33] {Threei} - Presents Novel Monoclonal Antibodies against Clostridium difficile at the American Society for Microbiology Conference
[13:33] {Les} wow first experience with market buy screwing me
[13:33] {Les} ATPG covering +.15 or so I thought
[13:34] {Les} -.05
[13:34] {nemo} Hope you're a lit. major
[13:36] {dino} edmc sm l .00
[13:36] {magoo} fast hit it long .50 to .72
[13:36] {magoo} DANGER
[13:37] {nemo} WILL ROBINSON
[13:37] {Les} funny guy
[13:37] {nemo} have my moments
[13:38] {Threei} ATPG during such move - last stock to use market order on
[13:38] {Threei} well... second last, GOOG is still the champion
[13:38] {Les} so even if I see the price is right to cover on Level 2
[13:38] {nemo} and BIDU when it was at 700
[13:38] {Les} must use limit order
[13:38] {magoo} who the heck use a mkt order??
[13:39] {Les} me
[13:39] {magoo} recipe for sudden death imo
[13:39] {magoo} u gonna learn the HARD way
[13:39] {Les} well that is clear after covering atpg
[13:40] {dino} dino slaps les w/limit orders
[13:40] {magoo} gonna lose 11 imo
[13:40] {magoo} not in now
[13:42] {magoo} LVS knocking at door
[13:42] {magoo} lil pig slams door shut
[13:47] {strider} last question. thank you.
[13:50] {Les}
[13:50] {Les} just go easy with those limit order slappings dino
[13:50] {Les} I can snap you know
[13:51] {strider} can?
[13:51] {Threei} lol
[13:51] {Threei} this is how people get on no-fly lists, les {GGG}
[13:56] {Les} RIG returning to lod. d/b play?
[13:56] {nemo} RIG DB?
[13:57] {Threei} something isn't right
[13:57] {nemo} with me, or the stock?
[13:57] {Threei} RIG can turn inverted C&H just as well
[13:57] {Threei} you is a given
[13:58] {larisa} lol
[13:58] {Threei} it's been about 23 hours since top kill started
[13:58] {Threei} 24 hours was promised as "we will know something" timeline
[13:58] {nemo} I served that one up to you on a platter, and gave you the knife and fork
[13:58] {larisa} russian websites say it worked, do they know something we do not ? :)
[13:58] {Threei} thank you for making my life easier
[13:58] {Les} so does Australia
[13:58] {Threei} none here... I don't know where they get that
[13:58] {Les} but I think that is coast guard report from early on
[13:59] {Threei} live feed shows no changes
[13:59] {nemo} rig bounced
[13:59] {Threei} but that's not really helpful
[14:00] {Les} BP weakening as well
[14:03] {dptl} pep?
[14:03] {Threei} nah
[14:03] {dptl} ok
[14:04] {Threei} Short Setup: RIG .70 break half lot
[14:04] {Threei} if stays under .85
[14:05] {Threei} invalidated
[14:07] {Les} out edmc .48 ty dino
[14:09] {Les} +.44
[14:10] {dino} gj
[14:11] {dino} out .50, +.50
[14:11] {magoo} l lvs .47
[14:14] {Les} cover rig +.40
[14:14] {Les} nooo
[14:14] {magoo} wanted a movre thru .50
[14:14] {Threei} RIG horrific death
[14:15] {magoo} like 4 points off
[14:16] {Les} slowly working out that I should be playing the news, and not any old crap I find that looks like a setup
[14:17] {Threei} define "playing the news"
[14:18] {magoo} BP turn now
[14:23] {strider} outu GS swing +3.91
[14:23] {larisa} gj
[14:23] {strider} wanted $4, but it wasn't to be.
[14:24] {magoo} LVS worked well
[14:25] {Les} wow strider, we gonna see new harley soon?
06[14:26] * strider slaps Les around a bit with a large hunk of antiquated metal.
[14:26] {dino} wtg
[14:26] {nemo} you mean the slap or the trade Dino?
[14:26] {strider} the trade or the slap?
[14:26] {strider} ha
[14:27] {nemo} too funny...need to go shoot myself
[14:30] {nemo} Dino?
[14:30] {Threei} F Reportedly planning to discontinue Mercury brand (11.92, +0.53, 4.65%)
[14:31] {Threei} anyone is going to miss it?
[14:32] {magoo} yeah..i drive a vette...a chevette :)
[14:32] {strider} All those good old names falling by the wayside.
[14:33] {strider} Pretty soon there'll just be two brands: the Republican and the Democrat.
[14:33] {nemo} that sucked
[14:33] {Threei} hmmm... Dmes is Prius... but now that Hammer is out, what is going to be reps??
[14:34] {strider} The truth is not always funny, nemo.
[14:34] {nemo} hurts
[14:34] {strider} You, for instance.
[14:34] {strider} :)
[14:34] {nemo} what about me?
[14:34] {Les} fas
[14:35] {Les} topping out or break of 25? 2 way play?
[14:35] {strider} The truth is you're not funny.
[14:35] {nemo} :(
[14:35] {strider} but still likeable, sort of.
[14:35] {Les} now lets kick him while he's down strider
[14:35] {strider} And your momma wears combat boots.
[14:36] {nemo} Where's that frickin' list?
[14:36] {strider} That she kicks you with.
[14:36] {nemo} My mother is dead
[14:36] {strider} insert past tense.
[14:37] {Les} c'mon vad, SHOW ME THE MONEY!
[14:37] {Les} ....before Nemo commits murder
[14:37] {nemo} frickin' mercy killing
[14:37] {strider} bidu
[14:37] {Threei} oh, NOW you decided to speak to me?
[14:37] {strider} late
[14:37] {Les} huh?
[14:38] {Les} I just finished dinner break dude
[14:38] {Les} its in the contract
[14:38] {Les} even read the kids a quick fairy tale
[14:39] {strider} not touching that one. you go, nemo.
[14:39] {nemo} Had the same thought...but I don't have a sense of humor, remember?
[14:39] {strider} That's what's so funny.
[14:39] {strider} So see, it works out.
[14:40] {nemo} You mean I think like you
[14:40] {Les} l bidu .03 sm shares
[14:40] {strider} hmmm.......
[14:41] {nemo} [14:26] {nemo} you mean the slap or the trade Dino?
[14:41] {nemo} [14:26] {strider} the trade or the slap?
[14:41] {nemo} [14:26] {strider} ha
[14:41] {nemo} [14:39] {strider} not touching that one. you go, nemo.
[14:41] {nemo} [14:39] {nemo} Had the same thought.
[14:42] {Threei} this is so disturbing
[14:42] {strider} No, we think exactly opposite. You put "the trade" first. See, that's not funny.
[14:42] {Threei} we are more or less equipped to handle one nemo
[14:42] {strider} I mean "the slap".
[14:42] {Threei} two nemos is way beyond our capabilities
[14:42] {strider} :)
[14:42] {nemo} skip shooting myself....I'll jump
[14:45] {Les} damn got greedy and missed bidu. out flat
[14:46] {Threei} HEV Hearing rumor company has entered pact with a Chinese supplier (timing uncertain) (3.20, +0.22, 7.38%)
[14:51] {strider} SCHN short?
[14:52] {strider} Schnitzer Steel takeover rumors unlikely, says UBS
[14:52] {Threei} that was at 12;18
[14:53] {Threei} 12:18 SCHN Hearing UBS analyst skeptical of takeover rumors in SCHN
[14:53] {strider} mine says may 27, 12:24pm
[14:53] {Threei} why would you short it on that now
[14:53] {strider} my news is today. spike is today.
[14:53] {Threei} it's 2:53
[14:54] {Threei} news came out 2 and half hours ago
[14:54] {strider} chart formation is now.
[14:54] {Threei} assuming this is news on which stock should drop, why would you act on it 2 and half hours later?
[14:54] {Les} wow missed my bidu short entry. nuuuuuuuuts
[14:54] {strider} because of the dbi.
[14:54] {Threei} note that it did drop half point at the moment
[14:55] {Threei} OK, then I misunderstand you completely
[14:55] {Threei} you asked about short and cited news headline, making it sound as if you suggested shorting on that
[14:55] {strider} nope,
[14:55] {strider} just led me to it.
[14:56] {strider} and saw a possible short.
[15:01] {Les} mon gaining some tractions
[15:01] {Les} - s
[15:01] {Threei} BP Updates "Top Kill" operation; estimates 24-48 hours before certainty on success of operation
[15:03] {Les} l mon .35 sm
[15:05] {Les} out .58
[15:07] {dino} gj
[15:07] {patience} .
[15:07] {nemo} ?
[15:07] {dino} !
[15:08] {strider} she's reserving a spot in the room.
[15:08] {nemo} gag
[15:08] {nemo} and you're funny...
[15:08] {Les} thanks. some wide stops would have been useful on this stock today
[15:12] {dino} auxl sm l .05
[15:18] {Threei} FAS... watching for pullback for long entry
[15:19] {Threei} recross from under 25
[15:23] {Threei} .90 break
[15:24] {Threei} in
[15:24] {strider} in
[15:26] {Threei} nope
[15:26] {nemo} spy hitting the 200, fas might bounce here
[15:26] {nemo} fas 200 at .72
[15:27] {nemo} bounced with spy
[15:27] {Threei} ugh... rinse
[15:32] {Threei} crap
[15:34] {Threei} hoped fdor another pullback so we would get double bopttom at .80
[15:36] {magoo} vad, mkts gonna close strong?
[15:37] {nemo} yeah
[15:37] {Threei} well, red close is not in cards for sure, lol
[15:38] {Threei} unless during next 20 minutes Europe disappears altogeher
[15:38] {Les} i'll let you's know first
[15:38] {nemo} Yeah, North Korea will bomb them
[15:43] {dptl} have a good evening all.....see ya tomorrow
[15:43] {Threei} take care dp
[15:43] {Les} ciao dp
[15:48] {dino} out auxl flat.
[15:48] {dino} gotta hop, later all
[15:48] {Threei} take care dino
[15:49] {dino} will do. leaving big gaps below
[15:52] {strider} I'll be gone for about 3 weeks, starting tomorrow, guys. You'all do good. See you when I get back.
[15:52] {nemo} thanks for the warning
[15:52] {Threei} have fun strider
[15:53] {larisa} bye strider :)
[15:53] {lasertrev} later strider
[15:54] {nemo} looks like a run into the close
[15:54] {strider} :)
[15:56] {Les} ciao st have fun
[15:57] {Les} missed a ripper of a move in MON.
[15:57] {Threei} fudged final FAS play
[15:57] {Threei} this is where I planned to close it
[15:57] {Les} and what a beauty it would have been
[15:57] {Threei} yeah
[15:57] {Threei} botched entry
[15:57] {nemo} by .05
[15:57] {Threei} yup
[15:58] {nemo} it bounced at support, and when spy bounced at the 200
[15:58] {Threei} fine, tomorrow you call'em
[15:58] {Threei} {--- grinning widely'
[15:58] {nemo} no...I just looked at it, it's just info
[15:58] {Threei} too late
[15:58] {Threei} you are designated caller
[15:58] {nemo} I won't be here then
[15:59] {nemo} wow what a run
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[16:00] {nemo} c u
[16:00] {Les} ciao
[16:00] {magoo} ty all