Not big but decent day, with some nice trades here and there. The best of them in educational value was FAZ long. Recap with a screen shot is posted here , and real time commentary started around 11:30 am.
Session Time: Wed May 26 00:00:00 2010
[08:01] {magoo} morn
[08:10] {strider} morning, magoo
[08:17] {nemo} morning
[08:17] {strider} howdy
[08:22] {Les} http://www.youtube.com/watch?v=wO8xTTuQl-k
[08:24] {nemo} yep...definitely little kids in your house
[08:26] {Les} striders fault, his greeting made me do it
[08:27] {nemo} typical child response
[08:27] {Les} :)
[08:28] {strider} durable goods 8:30
[08:29] {Les} started on the essence of tao nemo
[08:29] {Les} some radically different thoughts there
[08:30] {Threei} *(US) APR DURABLES GOODS ORDERS: 2.9% V 1.3%E; DURABLES EX TRANSPORTATION:-1.0 % V 0.5%E
[08:31] {Threei} Les... really worrying sign is when you start considering any other thoughts "radically different"
[08:31] {Les} not a criticism
[08:31] {Threei} I know
[08:31] {Les} but going to uni man
[08:31] {Les} we don't learn that
[08:32] {Threei} wait till you see trading applications of that system of beliefs
[08:32] {nemo} Too funny...it's arguably the oldest body of thought in the world
[08:32] {Les} suits me though, Taoism, since I'm a grumpy old shite that doesn't like to hang out with other people
[08:32] {Les} I'm interested
[08:32] {nemo} that's not the point
[08:32] {Les} yeh I kn ow
[08:34] {Threei} with each next chapter I think more and more that this is the only book really worth writing
[08:34] {nemo} wow
[08:34] {Les} started reading it cause I'm writing a paper that included similar thought from Kant, that has been ignored cause it is non-rational philosophy
[08:34] {Les} what, you're trading book?
[08:34] {Threei} yes
[08:34] {Les} your
[08:35] {Les} speaking of which
[08:35] {Threei} of course it's gping to be the least popular
[08:35] {nemo} Ah yes, the human belief that we are rational beings...wonder if strider will pipe in here
[08:35] {Les} I realised yesterday after closing that my thinking was totally out of sync with yesterdays market
[08:36] {Les} do people come into session here with plans for days outcome, cause I lost big picture screwing around with one trade yesterday
[08:37] {Threei} plans for days outcome?
[08:37] {ese} morning
[08:37] {Threei} ese :)
[08:38] {strider} American Superconductor should be bought today, says PacCrest
[08:38] {strider} Not tomorrow.
[08:38] {strider} Today.
[08:39] {Threei} okay...
[08:39] {ese} right this second
[08:39] {Threei} Les, not sure I understand
[08:39] {ese} mind if i have my coffee first
[08:39] {Threei} could be too late ese
[08:39] {strider} you just don't get it, do you ese?
[08:39] {strider} :)
[08:39] {Threei} American Superconductor purchase can't wait
[08:40] {ese} guess not
[08:40] {Threei} you can always make another cup of coffee
[08:40] {strider} Itr does have a nice chart, daily.
[08:40] {ese} ahhhhhhhh
[08:41] {strider} not daily....sorry
[08:41] {strider} was looking at 5 min.
[08:41] {strider} One small problem with laser.....charts don't ID the period.
[08:41] {strider} Seems like that's a small thing to ask.
[08:42] {Threei} huh?
[08:42] {Threei} look at the bottom of the chart
[08:42] {Threei} daily has dates
[08:42] {strider} that's true.
[08:42] {Threei} intraday has times
[08:42] {strider} and that's true also.
[08:43] {Les} I'd allowed myself to be trapped in a short when the market was going to the moon that's all. I could see it was going up and just failed to switch over to long entries
[08:43] {strider} Laser is very minimalist.
[08:43] {Threei} naturally strider
[08:44] {Threei} it was designed from the get-go as extremely efficient scalper's software
[08:44] {Threei} barebones, fastest execution possible with most convenient interface
[08:45] {Threei} a lot of bells and whistles were added much later
[08:45] {Threei} original version was like rake
[08:45] {Threei} no automatic stops for instance
[08:45] {Threei} because scalpers do not need them
[08:46] {Threei} Les... that's not the matter of coming with plan
[08:46] {Threei} that's matter of not locking yourself into opinion
[08:47] {dptl} morning
[08:47] {Threei} dp :)
[08:47] {Threei} and that, in turn, is a matter of understanding one's role in the world
[08:48] {Threei} if one thinks he can know the future,
[08:49] {Threei} it's arrogance that makes him insist on him being right
[08:49] {ese} dddddddddddppppppppppp!!!!!!!!!11
[08:49] {dptl} :) Ese
[08:49] {Threei} If one realizes that his knowledge is limited and reality can and often is different from his models
[08:50] {Threei} he doesn't get stubborn and allows the world (and the market) govern his actions
[08:50] {Threei} that's your Tao of the Markets for today {G}
[08:50] {Les} yeh some summer reading to do, along with part 1 of your book again
[08:53] {magoo} [08:36] {Les} do people come into session here with plans for days outcome, cause I lost big
[08:54] {magoo} les, thats the first thing a sucessful trader overcomes
[08:54] {ese} wow vad..........thats deep
[08:55] {magoo} must be flexible, let the tape tell u where we are headed
[08:56] {magoo} like today, really feels like we should blast off...BUT who knows, anything can happen, could have "flash crash the sequel today, who knows
[08:56] {Threei} (EU) PIMCO's Bill Gross: Restrictive lending rates may leave default as the "only way out" for some sovereign borrowers - Businessweek (related EUR/USD SOVRX )
[08:56] {ese} not for me mags.....at least not for the days outcome
[08:56] {Threei} that's me ese... deep
[08:56] {Threei} now... wait for me, I need to go laugh
[08:57] {nemo} as in piled high and deep?
[08:57] {nemo} BS=taurine excrement
[08:57] {nemo} MS=more of the same
[08:57] {Threei} btw Les,
[08:57] {nemo} PhD=Piled High and Deep
[08:57] {Threei} looking at things from this point of view
[08:58] {ese} ouch nemo
[08:58] {nemo} that's what I learned after 6 years of higher education
[08:58] {Threei} see now why all the bickering back and forth about what is going to happen in the markets in a week, month or year makes me shrug and remove myself from meaningless mental masturbation?
[08:58] {nemo} ooh...reminds me of a joke
[08:59] {ese} lets have it
[08:59] {Threei} heavy editing is in orderd?
[08:59] {nemo} would have to be a dcc telling :)
[08:59] {ese} ahhhhhhh
[09:00] {Threei} CA) CANADA APR HOUSE PRICE INDEX Y/Y: 11.6% V 9.9% PRIOR
[09:00] {nemo} dcc ese
[09:00] {Threei} ese, if you value your innocence, don't look at it
[09:01] {Les} sqnm vad. .50 break noteworthy as setup?
[09:01] {Les} daily it looks important
[09:01] {Threei} I like the look of dailty overall,
[09:02] {Threei} but the resistance to break is fuzzy
[09:02] {Threei} .40 - .60 zone
[09:02] {ese} i cannot tell a lie.....i looked
[09:02] {Les} Nemo, that's a joke for bitter and twisted divorced man
[09:03] {nemo} I'm not bitter
[09:03] {Les} ok just twisted
[09:03] {nemo} Twisted....well.....yahh
[09:04] {nemo} then again...I think that's a case of the pot calling the kettle black.
[09:05] {Les} well duh
[09:05] {Les} anyone staying in vad's room gotta be nuts
[09:05] {nemo} even larisa and patience?
[09:06] {Threei} no, they just find observing us edcuational and entertaining
[09:06] {Les} dunno their story
[09:06] {Les} right
[09:06] {nemo} ahhh, like visitors at the zoo
[09:07] {magoo} AIG is due for a rip vad, if IF mkts remain strong, lets follow it
[09:08] {Threei} I'll try mags
[09:09] {Threei} but you know how this animal behaves
[09:09] {nemo} or doesn't as the case may be
[09:12] {Threei} UK) US Treasury Secretary Geithner: UK Chancellor's Osborne laid out strong compelling plan
[09:12] {Threei} - Osborne says Finacial market stability is in everyone's interest
[09:12] {Threei} - Happy to see Europe heading towards bank levy
[09:12] {Threei} - Geithner says important that Eu puts backstop plan into action
[09:12] {Threei} Happy to see Europe heading towards bank levy....
[09:12] {Threei} idiot
[09:12] {shorty} Good morning all
[09:12] {Threei} unless he means "you do that but we won't"
[09:12] {Threei} shorty :)
[09:13] {RonS} gm all. vrtx up on what i consider important news
[09:13] {ese} unless i'm blind......haven't seen anything stick out on your pre market action screen vad.....i miss anything
[09:13] {Threei} Ron :)
[09:13] {ese} ron
[09:13] {Threei} Vertex Pharmaceuticals Inc Phase III trial of Telaprevir in chronic hepatitis C shows promising results
[09:13] {Threei} - 75% of people chronically infected with genotype 1 hepatitis C virus (HCV) who had not previously been treated achieved a sustained viral response
[09:14] {Threei} Vertex plans to submit a New Drug Application to the U.S. FDA for telaprevir in the second half of 2010 for both treatment-nave and treatment-failure patients.
[09:16] {RonS} i have known people that got hep c from tainted blood transfusions. just terrible
[09:16] {nemo} yeah, my cousin got it from the vaccine guns in the army back in the early 80's
[09:16] {ese} terrible for sure
[09:16] {nemo} He went through 3 rounds of chemo
[09:17] {nemo} Turned out alright though. Hasn't been any sign of the illness in 13 or 14 years
[09:17] {Threei} larisa :)
[09:17] {nemo} lari :)
[09:17] {magoo} this open a toughie
[09:17] {magoo} pop - drop
[09:17] {magoo} drop-pop
[09:17] {larisa} gm :)
[09:17] {magoo} rip-rot-rip
[09:17] {magoo} rip-rip-rip-
[09:17] {Threei} I plan on waiting it oput mags
[09:18] {magoo} rot
[09:18] {ese} me as well
[09:18] {magoo} 'easier yester
[09:18] {nemo} market is in resistance area
[09:18] {strider} F again
[09:18] {magoo} likely hood of bounce had good odds
[09:18] {Threei} yeah, today is more of a toss
[09:19] {magoo} stocks are still oversold on short term basis
[09:19] {lasertrev} morning
[09:19] {Threei} trev :)
[09:20] {strider} TEVA weak
[09:22] {dino} gm all
[09:22] {nemo} hey binky!
[09:22] {Threei} dino :)
[09:23] {nemo} dcc dino :)
[09:26] {dino} strider you're getting your gap wish
06[09:26] * magoo slaps lasertrev around a bit with a large trout
[09:26] {strider} yeah:)
[09:27] {magoo} F rip vad
[09:27] {Threei} oh yeah, you had GE overnight
[09:27] {Threei} nice gap
[09:27] {strider} yep
[09:27] {strider} holding through open
[09:27] {Threei} pullback mags... only pullback will get me interested
[09:28] {magoo} just putting it on your radar, BP spike too here
[09:28] {Threei} F is relatively easy player when momo comes... under normal circumstances it's anything but
[09:28] {magoo} BP
[09:28] {magoo} sh@t
[09:29] {nemo} must made the top shot
[09:29] {magoo} bp trying to place lid on well today
[09:29] {nemo} yes
[09:30] {jfjf64} mornin
[09:30] {Threei} jf :)
[09:30] {Threei} BP, let it drop under 42 before trying long
[09:31] {Threei} GE) German Bundesbank: Euro zone defaults must remain possible
[09:31] {Threei} QTWW Awarded contract by Lockheed Martin
[09:33] {Threei} AIG
[09:33] {Threei} ugh
[09:33] {Threei} don't chase
[09:33] {Threei} if drops to 35, watch for entry
[09:34] {magoo} look WFC vad
[09:34] {Threei} Long Setup: AIG half lot .10 break
[09:34] {Threei} stop under .95
[09:34] {nemo} spy dancing at 200 ma
[09:34] {Threei} teleportation...
[09:34] {nemo} was already past
[09:34] {shorty} lol
[09:34] {Threei} was available for a few seconds
[09:35] {nemo} watch for double top spy here
[09:36] {Threei} Long Setup: WFC .10 break
[09:37] {dptl} in.11
[09:37] {nemo} yeah
[09:37] {Threei} stop under 29
[09:37] {Threei} not a scalp for me if works
[09:39] {nemo} 200 at .87
[09:39] {nemo} ma that is
[09:39] {Threei} let's go WFC
[09:40] {nemo} spy at resistnace
[09:40] {nemo} oh no, vad's infected me
[09:40] {Les} you infected yourself. you type too much
[09:41] {dino} vrtx sm s .25
[09:42] {Les} wow MS is no dog today
[09:42] {Threei} stopped
[09:42] {dptl} stopped
[09:42] {nemo} oh slippage
[09:42] {Les} gs looking weak too
[09:43] {jfjf64} \rimm
[09:43] {nemo} wfc pausing at the 200 ma
[09:43] {dino} cov vrtx .80, +.45
[09:44] {Les} damn didn't even see your entry
[09:44] {nemo} wfc rinse
[09:44] {dino} above les
[09:45] {Les} my bad, not yours
[09:45] {Threei} US) Preview: April New Home Sales due out at 10:00ET
[09:45] {Threei} **consensus expectation: 425Ke v 411K prior
[09:46] {Threei} Long Setup: AIG half lot .15 break
[09:47] {nemo} stop under .95?
[09:47] {Threei} depends
[09:48] {nemo} ahh scalp day swing
[09:48] {Threei} and bottom of this pullback
[09:48] {Les} wfc getting dumped
[09:49] {nemo} yeah, I thought short .84, but....
[09:49] {Threei} recalibrate AIG
[09:49] {jfjf64} lvs???
[09:49] {Threei} .10 break if holding 35
[09:49] {nemo} 1/2?
[09:50] {Threei} LVS, one more pullback
[09:50] {Threei} then I get interested
[09:50] {jfjf64} rimm +.28
[09:50] {Threei} like this
[09:50] {jfjf64} ty
[09:50] {Les} BP hovering under .50
[09:50] {Threei} AIG invalidated
[09:51] {Les} bp read vad?
[09:51] {Threei} none
[09:51] {Threei} BP will be dependent on top kill success
[09:51] {Threei} if we get unraday updates, it can influence the stock
[09:51] {nemo} they won't know for a couple of days
[09:52] {Threei} there will be blabbing around
[09:52] {Les} wfc bounce. breakdown entry?
[09:53] {nemo} aig two way play?
[09:53] {Threei} LVS, one more leg down, and let's hunt for a reversal
[09:53] {Threei} from under 22
[09:54] {Threei} WFC, I'd look for double bottom,
[09:54] {Threei} desirably holding .70
[09:54] {jfjf64} ii
[09:54] {Les} will do
[09:54] {Threei} and vreaking .80
[09:55] {nemo} rimm strong
[09:55] {dino} mos sm l .00
[09:55] {jfjf64} trend line ouchhhhhhhhhhhhhhhhh
[09:55] {dptl} wfc .80 long? valid?
[09:56] {Threei} held .70 so far
[09:56] {jfjf64} picture
[09:56] {nemo} indices topping again
[09:56] {dptl} in
[09:56] {jfjf64} lcc
[09:56] {Threei} LVS got away
[09:57] {Threei} reversed a bit too soon
[09:57] {dino} dia sm l .40
[09:58] {Threei} WFC 1:1
[09:59] {dptl} half out +.10 half out even
[09:59] {dptl} ty
[10:00] {Threei} US) APRIL NEW HOME SALES: 504K V 425KE (14.8% M/M
[10:01] {dino} wow
[10:01] {Threei} prior revised higher from 411K to 439
[10:01] {nemo} ahhhh...dino?
[10:02] {nemo} what wow, homes?
[10:02] {nemo} end of tax credit
[10:02] {dino} yes
[10:03] {Threei} FAS
[10:03] {Les} gs is a rocket
[10:03] {Threei} watching for sharp pullback,
[10:03] {nemo} dt
[10:03] {jfjf64} whats with all great trend line vad
[10:03] {Threei} long entry around 23.90 - 24
[10:03] {Threei} jf?
[10:04] {dino} dia to flat
[10:04] {jfjf64} txt rimm lcc
[10:04] {jfjf64} ect
[10:05] {jfjf64} just thinkin out loud
[10:05] {jfjf64} or with keyboard
[10:06] {dino} out mos flat, out dia flat
[10:06] {Les} wfc 29
[10:08] {dino} call me crazy, but mkt feels heavy
[10:08] {nemo} very
[10:08] {dino} dia s .40 sm
[10:11] {Threei} FAS is getting there
[10:11] {shorty} one more leg down?
[10:12] {Threei} yes
[10:12] {Threei} OK
[10:12] {Threei} 24.02 long
[10:12] {Threei} argh
[10:12] {shorty} went too fast
[10:12] {Les} in .03
[10:13] {dino} cov dia flat, i'm confused
[10:14] {Threei} AIG UK Serious Fraud (SFO) ends investigation into the UK opeations; cites insufficient evidence
[10:14] {Les} that's useful
[10:14] {Threei} half out FAS
[10:14] {Threei} or scalp
[10:14] {Threei} personal preference
[10:14] {dptl} missed
[10:16] {dino} sm l bwld .33
[10:16] {dino} thinny
[10:17] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:17] {Threei} **consensus expectations:
[10:17] {Threei} Crude: +250Ke
[10:17] {Threei} Gasoline: +500Ke
[10:17] {Threei} Distillate: +500K
[10:18] {ese} L akam .04
[10:18] {Threei} Les, offer above .20 if you still have so FAS
[10:18] {Threei} there you gop
[10:19] {Les} no had no faith in you sorry
[10:19] {magoo} .27 here
[10:19] {Les} chickened out prematurely
[10:19] {Threei} faith in me?
[10:19] {Threei} boy...
[10:20] {Threei} wow... Obama a Presidential Approval Index rating of -22. Thats the lowest Approval Index rating yet measured for this president
[10:20] {dino} micc sm l .24
[10:20] {Threei} this quickly turns into Obama's Katrina
[10:20] {ese} out akam .16 +.12
[10:21] {magoo} F'k fas
[10:21] {Les} that last fas long I was only long small shares and got out too quickly. was expecting sharp drop like now
[10:22] {Threei} mags, you are not breathing
[10:22] {Threei} natural trading is a breathing process
[10:22] {Threei} inhale and exhale
[10:23] {Threei} you are holding breath for too long in this volatile market
[10:23] {magoo} one heck of fall there ..was .21
[10:23] {Threei} I undersdtand the desire to maximize profits but it has to be done wih protecting them
[10:23] {Threei} partial out, then it will be natural process
[10:24] {Threei} vs. fighting the forces
[10:28] {Les} took you up on the DIA short dino. s .49. stopped previously
[10:29] {dino} gl
[10:30] {Les} :s
[10:30] {Threei} *DOE CRUDE: +2.45M V +250KE
[10:30] {Threei} oh boy
[10:30] {Threei} GASOLINE: -200K V +500KE; DISTILLATE: -270K V +500KE
[10:30] {Threei} you can swim in stuff, drink it, pour it out, and there still will be plenty left
[10:31] {Les} ha! who were these idiots raving on about peak oil?
[10:31] {nemo} it may have peaked, demand has collapsed here...not in India and China
[10:31] {shorty} l FAS .90
[10:32] {nemo} shorty watch .95 thats the 200 ma, fas often finds support or resistance in that area
[10:32] {Les} it was a joke dammit
[10:32] {shorty} ohhhh...thanks nemo
[10:33] {nemo} I watch it alot
[10:33] {shorty} I will try it.
[10:33] {Threei} it doesn't mean it's usefil shorty... he just likes watching it
[10:33] {shorty} lol
[10:33] {nemo} I like to watch....
[10:34] {shorty} I got out at .96 anyway
[10:35] {Les} dia stopped -.11 whiskey break
[10:37] {magoo} LVS bvad strong
[10:38] {Threei} everything is, moves woith market... valid readable setup is anotger matter
[10:39] {Threei} 22.15 break was, in retrospect
[10:39] {Threei} I just wasn't watching it at the moment
[10:40] {nemo} cat strong too
[10:41] {Threei} KNSY Receives FDA 510(k) Clearance for ECM Product, Meso BioMatrix Surgical Mesh (23.15, +0.94, 4.23%)
[10:42] {Les} interesting observations you had on BP. Like RIG it is stuck in pergatory
[10:44] {Threei} LVS, pullback to .15 - .20 is not possible entry zone
[10:44] {magoo} then why mention it?
[10:44] {larisa} lol
[10:45] {Threei} sigh
[10:45] {Threei} not = now
[10:45] {Threei} lol
06[10:45] * Threei slaps magoo around a bit with a large dictionary of Threeiish
[10:46] {Threei} .45 is C&H breakout
[10:46] {shorty} lol
[10:46] {Threei} ok mags, that was a good one...lol
[10:46] {nemo} 109.35 important level fo spy on daily
[10:49] {Threei} Libyan Oil Minister: OPEC members discussing weakness in oil price, seeking tighter compliance with quotas
[10:50] {Les} l GLD .02 stop under .90
[10:53] {dino} dia sm s .50
[10:53] {Threei} FAS
[10:53] {Threei} bounce hunt
[10:53] {Threei} LVS too
[10:54] {nemo} spy broke support
[10:56] {shorty} .61 Threei? If holds .50
[10:56] {Threei} feels like losing .50 is more likely
[10:57] {nemo} yeah, spy testing 200 at .90
[10:57] {shorty} hence why I usually wait for your call.
[10:57] {Threei} ok, .45 - .50
[10:58] {jfjf64} lvs .10
[10:58] {jfjf64} ??
[10:58] {dptl} in
[10:58] {Threei} yes
[10:58] {Threei} in FAS
[10:58] {shorty} in
[10:59] {Threei} 1:1
[10:59] {shorty} 1:1 ty
[10:59] {dptl} out .56 ty
[11:00] {Les} stopped gld
[11:00] {shorty} probably will go higher.
[11:00] {Threei} 1:2
[11:01] {Threei} 1:3, out in full
[11:02] {Threei} LVS over 1:1
[11:03] {Threei} Short Setup: BP .80 break
[11:04] {dptl} missed
[11:04] {shorty} I can't short it.
[11:04] {dptl} where was your stop ??
[11:05] {Threei} gosh.. what's with yelling
[11:05] {Threei} I am easuly scared
[11:05] {nemo} wuss
[11:05] {Threei} .90 for scalpers, 43 for day traders
[11:05] {Les} missed BP. took aggressive entry in LVS .09 instead
[11:06] {Les} short
[11:06] {dptl} ok
[11:06] {dptl} missed it
[11:06] {Les} lol dp
[11:06] {Threei} AIG (US) Fed General Counsel: Unlikely AIG will require more funds from the Fed, is on the path of sustainability - congressional hearing
[11:08] {Threei} - Federal Reserve anticipates that the loans under the Revolving Credit Facility, including interest and commitment fees under the modified terms of the Facility, will be fully repaid
[11:08] {Les} that's the casino money banks are playing with isn't it?
[11:10] {nemo} rimm bounce around here?
[11:10] {nemo} 200 is at .30
[11:10] {nemo} it bounced
[11:10] {dptl} it's a long weekend coming?
[11:10] {Threei} yes
[11:10] {Threei} BP
[11:10] {Threei} same setup
[11:11] {dptl} ty
[11:12] {dino} cov dia .32, +.18
[11:14] {Threei} invalidated
[11:14] {nemo} rimm bounced at the 200
[11:15] {magoo} yea..it was a good call rimm
[11:16] {nemo} the algo's sure seem to play off those ma's
[11:17] {RonS} nemo, what time frame is your 200 MA?
[11:17] {nemo} 1 minute
[11:17] {RonS} ahso
[11:17] {nemo} I am not!
[11:18] {RonS} ahso hawney :D
[11:20] {dino} vrtx sm l .45
[11:21] {Threei} Long Setup: LVS .25
[11:22] {Threei} invalidated
[11:23] {shorty} Have a good day all. Will see you Friday, taking kids out to the Zoo all day tomorrow.
[11:24] {Threei} take care shorty
[11:24] {Les} ciao
[11:24] {jfjf64} enjopy
[11:25] {jfjf64} .20 lvs vad
[11:25] {Threei} nah
[11:25] {Threei} spiked too vetically
[11:25] {jfjf64} k
[11:26] {jfjf64} i see
[11:26] {dino} cya shorty
[11:27] {RonS} ...market starting to pay attention to the euro again, which just went to a lod and bounced a little
[11:27] {dino} dia sm s .95
[11:28] {Les} DIEEEEEEEEEEEE LVS
[11:28] {nemo} vrtx holding nicely
[11:29] {nemo} cat at 200 :)
[11:30] {Les} bp at yesterday's close
[11:31] {Threei} feels like we are going to break down and get some wave of selling
[11:31] {dino} gap fill maybe
[11:31] {RonS} faz play 3i?
[11:31] {Threei} looking at it, yes
[11:31] {jfjf64} hmm maybe start hunting shorts
[11:31] {Threei} pullback to about .50 - .55 would be safe way of entry
[11:32] {nemo} fas holding .45
[11:33] {Threei} dino's gap fill if materializes would give us FAZ run to about 16
[11:34] {Threei} if marker reverses down again from here, .70 break FAZ...
[11:34] {Threei} although pullback is still me preferred way
[11:34] {Threei} my
[11:35] {nemo} pirate in ya'
[11:35] {Threei} yeah, lol
[11:36] {Threei} if break comes firstg, stop under .60, and aiming for 1:2 - 1:3
[11:37] {Threei} SEC could oblige US states and local Govts to disclose additional information on their debt levels; may require bond isurers to discloses more information on bankruptcies
[11:37] {Threei} ok, pullback it is
[11:38] {Threei} in .56
[11:38] {Threei} stop under .50
[11:38] {Threei} not a scalp
[11:38] {dptl} in.58
[11:39] {Threei} 1:1 was easy
[11:39] {jfjf64} like that
[11:40] {jfjf64} very cocky
[11:40] {jfjf64} lol
[11:40] {jfjf64} TY
[11:40] {Threei} sure thing
[11:41] {Threei} we need SPY to break 108.50
[11:41] {Threei} and stop resisting its destiny
[11:43] {dptl} half out
[11:43] {Threei} half out here
[11:43] {Threei} good thinking dp
[11:43] {jfjf64} LVS C/H
[11:43] {jfjf64} ??
[11:43] {Threei} nah
[11:44] {dptl} stop .54?
[11:44] {Threei} yes
[11:44] {nemo} nah or yes?
[11:44] {Threei} choose
[11:44] {nemo} oh on stop
[11:44] {Threei} ok FAZ
[11:44] {Threei} break and run
[11:46] {jfjf64} here we go
[11:46] {Threei} 1/4 more near .80 and last portion .90 - .95 is the plan so far
[11:46] {Threei} out 1/4 more
[11:46] {dptl} out .78 some more
[11:46] {jfjf64} GOOOOOOOOOOOOOOO
[11:47] {dino} hmmm
[11:48] {Threei} we are at 1:6
[11:48] {dptl} stop?
[11:48] {Threei} the power of ideally timed aggressive entry
[11:48] {Les} thank you vad for showing me the way
[11:48] {Threei} learn while I am alive
[11:49] {Threei} {GGG}
[11:49] {Les} eat less bacon
[11:49] {Threei} no way
[11:49] {dptl} where the stop for the balance Vad?
[11:49] {Threei} there is no frikin way
[11:49] {jfjf64} and imm buyin new pair of blue suade shoes
[11:49] {Threei} no idea dp
[11:49] {dptl} lol
[11:49] {jfjf64} ty
[11:49] {Threei} seriously
[11:49] {jfjf64} ohh boy
[11:49] {dptl} under .70 i keep
[11:50] {Threei} it spiked so vertically that there is no reasonable support to trail to
[11:50] {jfjf64} not another lesson coming
06[11:50] * Threei slaps jfjf64 around a bit with a large frozen trout with jagged edges
[11:50] {jfjf64} lol
[11:51] {jfjf64} comon im not asking where stop goes
[11:51] {Threei} the only concession I am willing to make health wise is one glass of carrot juice a week... and even that is only out of respect to larisa
[11:51] {jfjf64} dptl needs slap
[11:51] {Threei} ok
[11:51] {dptl} why
06[11:51] * Threei slaps dptl around a bit with a large frozen bottle of Grey Goose with jagged edges
[11:52] {jfjf64} ty
[11:52] {Threei} dunno, ask jf
[11:52] {dptl} maaan
[11:52] {Threei} I am just happy to slap
[11:53] {strider} slap-happy?
[11:53] {dino} whippy
[11:53] {dptl} all out now...ty
[11:53] {Threei} welcome
[11:59] {jfjf64} lvs gettin ready
[11:59] {jfjf64} ??
[12:00] {Les} lucky I had a cover order on lvs at .03. that bastard just won't go down
[12:01] {Threei} chart looks right, but we need confifent market reversal to the upside for this to work
[12:02] {dino} and all we've done is dropped since 10:40ish
[12:03] {dptl} you mean .20 break lvs if market goes?
[12:03] {Threei} yes
[12:03] {RonS} dino, rimm 60.00 break = gap fill?
[12:03] {nemo} spy forming inverse H&S
[12:05] {dptl} in lvs
[12:05] {dptl} stop under .10
[12:08] {dino} ron, i hate rimm
[12:08] {strider} fern, is that you?
[12:08] {Threei} lol
[12:08] {nemo} good one
[12:09] {dino} dia cov .17, -.22
[12:10] {nemo} faz might bounce around here
[12:10] {dino} sni spikey
[12:11] {dptl} is anybodyelse in lvs?
[12:11] {nemo} not me
[12:12] {Les} is I say no?
[12:12] {Les} if
[12:13] {dptl} so i am alone in this....
[12:13] {dino} dwa
[12:13] {Les} no dp, long LVS .21
[12:14] {Les} forgot to shut off stop loss program. was short FAZ there a moment. out +.03
[12:14] {dino} out vrtx .85, +.40
[12:15] {ese} nice dino
[12:15] {ese} been following that but didn't get in
[12:16] {dino} ferts stink today
[12:16] {nemo} cute
[12:16] {dino} ty es
[12:16] {dino} dwa sm l .00
[12:17] {dptl} torcher
[12:18] {dptl} lvs
[12:18] {nemo} you mean torture?
[12:19] {dptl} yes that
[12:19] {nemo} ahhh, I was thinking you got burned by something
[12:19] {dino} lol
[12:19] {dptl} lol
[12:21] {Threei} that reminds me a search in Walmart for tiki torch, with a friend who spoke almost no English,
[12:21] {Threei} and was so excited when found them that he yelled "torch:" in russian, so half of Walmart heard him
[12:22] {Threei} jusy so you know, torch is russian sound like "fuckel"
[12:22] {Threei} shoppers were elated...
[12:22] {dptl} lol
[12:22] {Threei} many many heads turned to see where the named subject was
[12:22] {jfjf64} fuckel
[12:22] {dino} bazinga
[12:23] {nemo} ?
[12:23] {jfjf64} lvs
[12:26] {RonS} ...is BP winding up for a breakout from its channel?
[12:27] {RonS} just went
[12:27] {RonS} kinda
[12:28] {dptl} out lvs
[12:28] {RonS} sheesh...Part Owned by BP, Alyeska Pipeline Shuts Trans-Alaska System After Leaking Several Thousand Barrels 05/26 10:27 AM
[12:29] {dptl} +.03 lvs
[12:29] {Threei} (IT) Italy Union leader reportedly planning to call for a strike to take place in June
[12:29] {RonS} ...since they have July off...
[12:29] {Les} ditto dp. market support failing
[12:29] {nemo} August too, yeah
[12:30] {dptl} ye
[12:30] {Threei} and we have just a week left of may
[12:30] {Threei} June seems to be logical choice
[12:30] {Threei} AIG CEO: On track to repay the US for the assistance; currently expecting to complete sale of AIA, ALICO unit by year end
[12:31] {RonS} Federal Response Coordinator Approves BP's Top Kill Procedure 05/26 10:30 AM
[12:31] {RonS} ...were they gonna say no?
[12:31] {Threei} here comes daily dose of idiocy:
[12:31] {Threei} IT) Italy PM Berlusconi: Speculation helped to trigger current crisis
[12:32] {jfjf64} real meatball
[12:32] {Les} hehe Ron was that the Meth head or the guy screwing BP's executive who approved it?
[12:32] {RonS} i dunno bp strength...
[12:33] {Les} real class act, the Fed crew monitoring the oil industry
[12:33] {Les} This DefX for RAM seems to be doing the job Nemo
[12:34] {nemo} cool
[12:34] {Les} with Itunes running plus trading stuff still 1G free
[12:34] {nemo} yeah Microsuck and memory management
[12:35] {Threei} itunes is something vital to run during trading time, I understand
[12:35] {nemo} very perspicacious of you vad
[12:35] {Les} you taking the mickey out of me?
[12:35] {strider} insightful, too.
[12:35] {nemo} hehehehehe...I knew you'd pipe up Dunedin
[12:36] {Threei} sent me to a dictionary
[12:36] {strider} "curb prolix wherever you find it."
[12:36] {dino} i run music too
[12:36] {strider} maybe prolixity
[12:37] {nemo} perhaps sesquepedalian
[12:37] {dptl} is that english?
[12:37] {nemo} oops...sesqui...
[12:37] {nemo} of course dp
[12:38] {nemo} the only other language I speak is German
[12:38] {strider} well, super silly us.
[12:38] {Threei} BP string
[12:38] {Threei} strong too
[12:39] {strider} 12:32 EDT BP
[12:39] {strider} theflyonthewall.com: BP's "top kill" operation should be under way, Ken Salazar says
[12:39] {strider} Reported by Bloomberg. :theflyonthewall.com
[12:39] {nemo} if this doesn't work....oy frickin vay
[12:40] {RonS} ...BP still has not said they are going to do it...
[12:40] {Threei} heh... compare two nombers:
[12:40] {Threei} Italy PM Berlusconi
[12:40] {Threei} - sees 2012 budget deficit at 2.7%/GDP
[12:40] {Threei} - estimates that the black market economy is 22% of GDP
[12:40] {RonS} lol
[12:41] {Threei} is this cynic's delight or waht
[12:42] {Threei} mind-boggling: reining in just about 10% of underground economy would have covered budget deficit
[12:42] {RonS} bp re-cross 3i?
[12:42] {Threei} good management guys
[12:42] {Threei} I'd feel much safer with it 5-10 cents lower, rin
[12:43] {Threei} yep, like this
[12:43] {RonS} invalwoodated
[12:43] {Threei} in .81
[12:43] {nemo} ?
[12:43] {Threei} out half .87
[12:44] {Threei} stop to .79
[12:44] {Threei} remember our yesterday's discussion of major support levels to use for the entry zone?
[12:45] {Threei} .80 was one
[12:45] {ese} L sigm sm .55
[12:45] {Threei} out in full .94
[12:45] {Threei} nice and easy
[12:46] {ese} well done chief
[12:46] {Threei} and that's 20% of me larisa doesn't like?
[12:46] {Threei} crap, the rest 80 must be absolutely brillianrt
[12:46] {larisa} and why .80 was the one ?
[12:46] {Threei} look at 1 min, times:
[12:47] {larisa} not .85 not .90.. but .80 and .10 scalp :)
[12:47] {Threei} 11:47, then 12:28 to 12:32
[12:47] {Threei} then 12:37
[12:48] {Threei} kind of "surround" the .80
[12:48] {Threei} take it in fork
[12:48] {Threei} spike after breakjing it, then serves as support on pullback
[12:48] {Threei} another spike
[12:49] {Threei} so when hard pullback comes, this is where I am especially interested, it became natural sup[port
[12:50] {larisa} nah, not liking it still :) rather, not understanding.. when Ron says .85 and you say .05 lower, and it was dancing around it, beyond me :)
[12:50] {larisa} but you can have it :)
[12:50] {Threei} no, I was typing answer when it was jusyt above .90
[12:51] {Threei} so saying 5-10 cents lower I had in mind .80 - .85, and immediately added [12:43] {Threei} yep, like this
[12:51] {Threei} when it dropped while I typed
[12:52] {Threei} you are not understanding it for a simple reason larisa - it's not a matter of science, it's an art part... observe it to get a feel for it,
[12:53] {Threei} you will see that it works with a good percentage of success
[12:53] {Threei} not everything can be put in strict formula
[12:53] {Threei} what I outlined yesterday is as far as science part goes
[12:56] {larisa} to me it looks like scalp against the short term trend and i do not like it. but i admit, I am 98% science :) so please, let me be
[12:56] {nemo} whoa
[12:57] {larisa} you missed it nemo. yesterday we argued about it.. read the log, nice lecture by vad
[12:57] {larisa} i just do not get it :)
[12:57] {nemo} oh
[12:58] {Threei} yesterday's log from 13:00 nemo
[12:58] {dino} dwa stopped -.32
[12:58] {Threei} wow
[12:58] {Threei} CH) China Investment (CIC) President: France Govt has informed the CIC that its investment is not welcome within a particular company
[12:58] {Threei} - specific company is unnamed
[12:58] {dino} these gap open up days are not my thing
[12:58] {Threei} those are fighting words
[12:59] {Threei} want to see something funny?
[12:59] {Threei} look at XNPT,
[12:59] {Threei} now read:
[12:59] {Threei} XNPT Update: Price Target raised to $27 from $18 at Wedbush
[13:00] {Threei} thing is nowhere near 18, and shows no signs of going anywhere,
[13:00] {Threei} so they raise target to 27 thinking heck, maybe this way we could at least push it to 18
[13:10] {Threei} LVS... you guys dumped it before stop being hit why exactly?
[13:10] {nemo} no, I never got in it
[13:10] {dptl} market start looking bad at the time
[13:11] {Threei} some need to read on wu wei principle..
[13:12] {nemo} ?
[13:12] {dptl} ?
[13:12] {RonS} ...or Murphy...
[13:12] {strider} :)
[13:13] {Threei} non-interference
[13:13] {Threei} once trade is initiated, let it play out
[13:13] {Threei} you do not see the future
[13:13] {Threei} let nature take its course and don't think you know better
[13:13] {Les} what are we in?
[13:14] {dptl} ye but it almost touched 1:1 market turned around...so would it be wise to get out flat?
[13:14] {Threei} if you think of what robbed you of this profit in terms on your inner traits, ansdwer will be: arrogance
[13:14] {nemo} or fear
[13:15] {Threei} 1:1? it was .26 the highest
[13:15] {Threei} maybe .27
[13:15] {dptl} 28. 2c from 1:1
[13:16] {Les} no you are right Vad. I had hard stops in place. should have let it run. LVS has shown strength today, and I ignored that
[13:16] {Threei} here is criteria for you dp:
[13:17] {Threei} was it a level where you'd consider taking scalp or partialling out?
[13:17] {dptl} was thinking scalp (mid day)
[13:17] {Threei} if yes, why didn't you? if no, why consider it 1:1 for stop trailing purposes?
[13:18] {Threei} see how this contradiction confuses you and leads you to erroneous decision?
[13:18] {Threei} I'd understand this approach if it touched your exit level and you missed yopur chance for exit,
[13:18] {Threei} then yes, trail stop
[13:19] {Threei} because price has been at what you consider close enough to 1:1
[13:19] {dptl} i had my order waiting at .30....it hits .28, market start going down,so i thought it's better to get out
[13:19] {Threei} there you go
[13:19] {Threei} you didn't consider .28 close enough to exit
[13:19] {Threei} but thought of it as close enough to trail?
[13:19] {Threei} makes no sense to me
[13:20] {dptl} it just happend so fast
[13:20] {Threei} it may seem insignifican dirrence to you simply because it's just 1-2 cents
[13:20] {Threei} but we are talking about the idea
[13:20] {RonS} ...must be some kinda strike...Frog horde closes major highway in northern Greece
[13:20] {Threei} yes, fast BUT:
[13:20] {nemo} ahhh the plagues have started
[13:21] {Threei} .28 wasn't a level you thought of exiting at and simply missed because it was fast
[13:21] {Threei} see my point?
[13:21] {Threei} lol nemo, what's next, locusts?
[13:21] {nemo} no
[13:21] {Threei} darkness?
[13:21] {nemo} Charleton Heston rises from the grave
[13:22] {Threei} I forgot
[13:22] {strider} all the wine is going to turn into water.
[13:22] {strider} vodka too.
[13:22] {nemo} that sucks
[13:22] {larisa} lol
[13:22] {nemo} world goes to hell and I have to be sober! WTF!
[13:23] {nemo} Water to blood Frogs Lice Flies Sick Animals Boils Hail Locusts Darkness Death of First Born
[13:24] {nemo} add #11 stupidest politicians in history
[13:24] {strider} dandruff
[13:24] {nemo} crabs
[13:24] {dptl} i thought you would trail it to break even after it touched 1:1,so when it almost did,i trailed it
[13:25] {Threei} yes
[13:25] {Threei} but you define "almost" too loosely
[13:25] {nemo} FAS break here Vad?
[13:25] {Threei} I gacfve you criteria what to consider close enough to 1;1
[13:25] {Threei} please read carefully what I said
[13:26] {nemo} [13:25] {nemo} FAS break here Vad?
[13:26] {Threei} looks like...
[13:26] {Threei} .87
[13:26] {Threei} in holding .80 from now on
[13:26] {nemo} in=if?
[13:28] {nemo} volume dropping
[13:30] {nemo} oh well
[13:30] {Threei} invalidated
[13:34] {Les} vad lvs .35?
[13:34] {nemo} big bid fas .80
[13:34] {nemo} not sure what that means for a stock like fas
[13:34] {Threei} I don't have a read on the market here, Les
[13:34] {Threei} stalemate
[13:34] {Threei} chart itself is right
[13:34] {Threei} market support is a big if
[13:35] {magoo} any read WFC here vad?
[13:36] {Threei} no...
[13:37] {magoo} wow..blunt
[13:37] {RonS} gs strong, pushing fas
[13:38] {Les} took it and out lvs +.09
[13:39] {dino} elx l .00
[13:39] {dino} stop .89
[13:43] {dptl} ye i see your point Vad..
[13:43] {Threei} (MX) Mexico deputy central bank gov Sanchez reiterates EU crisis should not slow Mexico economy
[13:44] {Threei} ummm... okay then...
[13:44] {Les} no
[13:44] {Threei} I also am sure that Brasilian recovery should not influence Mongolia very much
[13:44] {Les} drug trade is all american
[13:45] {dptl} long ceg .02
[13:46] {dptl} offering last peice .27
[13:46] {Threei} like 20 cents lower?
[13:46] {dptl} ye
[13:46] {Threei} thanks for telling us now :)
[13:46] {nemo} yeah, was thinking the same thing
[13:46] {dptl} was reading your comment
[13:46] {nemo} slap him with something vad
[13:47] {dptl} sorry
[13:47] {nemo} insufficient
[13:47] {Threei} yeah, I am not a believer in sorry eiother
[13:47] {nemo} I believe in expropriation
[13:47] {Threei} I believe in sufficient, cruel and merciless punishment
[13:48] {dptl} vodka?
[13:48] {Threei} hmmm
[13:48] {Threei} that could do
[13:48] {dptl} deal
[13:48] {nemo} well, you know I'm in that camp too Vad
[13:48] {Threei} we ahve a problem here nemp
[13:48] {Threei} nemo
[13:48] {nemo} send $40US to my paypal account and I'll get a big bottle of Ketel 1
[13:48] {Threei} dp is a believer in bribing
[13:48] {nemo} I'm a believer in beating
[13:49] {Threei} and that's where problem lies
[13:49] {dptl} i've been rased in ussr
[13:49] {Threei} if he offers a bribe in order not to be beaten... I am inclined to accept it
[13:49] {Threei} you can always threaten beating again in the future
[13:49] {nemo} o.k...(wish I could remember my paypal account)
[13:49] {Threei} so why not accept a bribe now
[13:49] {nemo} true
[13:50] {Threei} CEG meanwhile is close enough to .27
[13:50] {nemo} but, there is some fun in pugilistic endeavors
[13:50] {dptl} out
[13:53] {Threei} (US) Colorado State Univ: June 2nd hurricane report will state that US faces a "hightened threat" of an above-average 2010 hurricane season
[13:53] {dptl} pugilistic endeavors???...more and more i see that i don't know english at all
[13:53] {nemo} english may be the largest language
[13:54] {Threei} pugilism (pyj-lzm)
[13:54] {Threei} n.
[13:54] {Threei} The skill, practice, and sport of fighting with the fists; boxing.
[13:54] {dptl} ty :)
[13:55] {Threei} not when it comes to sophisticated multi-level and mutli-dimensional swearing, nemo
[13:55] {nemo} huh?
[13:55] {Threei} English is a kindergarten affair in that department
[13:56] {Threei} Long Setup: FAS
[13:56] {nemo} I don't know about that, we have the same words, and when I worked with the military, I met some true scatologically profane artists
[13:56] {Threei} crap
[13:56] {Threei} to late
[13:57] {nemo} truly
[13:57] {Threei} trust me... not even in the same city as Russian, let alone vicinity
[13:57] {Les} cool. would like to learn that
[13:57] {Threei} ok
[13:57] {Threei} FAS
[13:57] {Threei} .01
[13:57] {Threei} if holding .95
[13:57] {Les} in
[13:57] {Threei} what in?
[13:58] {Threei} didn't cross back
[13:58] {nemo} it's Les
[13:58] {Threei} come on
[13:58] {Les} crap, thought you were in when you printed .01
[13:58] {Threei} day of talking
[13:59] {nemo} maybe fas long break of .95 high volume hammer
[13:59] {nemo} bounced right at support
[14:00] {ese} catch you all tomorrow...still long sigm
[14:00] {Threei} take care ese
[14:00] {ese} cya vad
[14:00] {RonS} cya ese
[14:05] {dino} elx stopped -.11
[14:05] {dino} cya es
[14:06] {Threei} PIMCO's Bill Gross: Greek debt restructuring likely one or two years down the road; risk is the potential domino effect - TV interview
[14:06] {nemo} 2 years....like 2012?
[14:12] {strider} WFC breaqk of .50?
[14:12] {Threei} probably
[14:13] {nemo} fas bounce around here, 200 at .73?
[14:13] {strider} missed it.
[14:13] {nemo} oh yeah, look at the capitualtion candle
[14:14] {Threei} top kill operation has began... going to take 10 to 12 hours to determine whether successful
[14:14] {nemo} capitulation
[14:17] {nemo} fas holding, but could this be a two way if it loses .79, or breaks .75?
[14:18] {Threei} I don't see it asa play either way
[14:18] {Threei} just no setup
[14:19] {nemo} well, woulda' been 1:2
[14:21] {Threei} irrelevant to me if I don't see a clear play
[14:21] {Threei} accidental (not readable in terms of my system) move can come any time in any direction and of any size
[14:23] {Threei} (CH) China reviewing EuroZone bond holdings -FT
[14:23] {Les} wow was going to suggest WFC .40 break down, but bit late to the party
[14:23] {Threei} there... short at .87 with stop at .91 would have yeiled 1: gazillion here {G}
[14:24] {Threei} no way les
[14:24] {Threei} we talked about WFC short at .50
[14:24] {Threei} that was valid play
[14:24] {Threei} now it dropped to .40 in one vertical swoop
[14:24] {Threei} why would want to enter short?
[14:25] {Threei} come on guys, what's with ignoring the spikes when considering entries?
[14:25] {Threei} yesterday it was someone on a long side
[14:25] {Threei} oh wait, it was les too
[14:26] {nemo} Oh interesting, NYC has approved the building of a mosque on the 9/11 site
[14:26] {Threei} political corretcness gone mad?
[14:26] {RonS} ...near it...and 13 stories high...
[14:27] {Threei} (CH) China's SAFE reviewing EuroZone bond holdings - FT
[14:27] {Threei} - notes that SAFE holds approx 630B in Eurozone bonds and has been meeting with foreign bankers and had voiced concern on PIIGS
[14:27] {Threei} - a representative from SAFE has refused comment
[14:27] {Threei} - highlights that analyst have noted that SAFE would rarely trim its existing holdings due quantity of new money it must invest monthly
[14:27] {RonS} lol...SAFE
[14:31] {RonS} eur/jpy re-testing lows of day...breaking 110.00
[14:32] {dino} hitk sm l .15
[14:34] {Threei} one regret is not looking into FAZ around .40
[14:34] {RonS} euro lod's
[14:34] {Threei} from 14:00 to 14:10...
[14:34] {Threei} was a good moment to start participating in downtrend
[14:40] {Threei} Lithium Batteries is a Growing Swallowing Hzard
[14:40] {Threei} Darwin... I say l'et it work
[14:40] {Threei} just protect kids
[14:41] {nemo} nah...they grow up to be morons too
[14:41] {Threei} the rest can swallow batteries all they want as far as I am concerned
[14:41] {Threei} well, give them a chance
[14:41] {Threei} if they grow up as morons, they will swallow those same batteries
[14:41] {nemo} just look at the parents
[14:43] {nemo} possible DB fas?
[14:43] {dino} some day we'll run on batteries
[14:44] {dino} gap fill coming
[14:44] {Threei} I came up with the next big headline: Producing more batteries and diseeminating them freely is looked at as a method of increase of the average level of intelligence
[14:44] {Les} hmm
[14:45] {strider} and encourage the use of the buzzword "leadhead".
[14:45] {Les} could be on to something there
[14:46] {Threei} selling feels far from over
[14:46] {Threei} not liking that FAS idea nemo
[14:47] {Les} no db for fas?
[14:47] {nemo} nope
[14:47] {Les} death it is...
[14:48] {dino} ndx filled
[14:49] {dino} back in 15, prepare for market drop
[14:50] {Threei} Long Setup: FAS .80 break
[14:50] {Threei} stop under .75
[14:50] {nemo} .80???????
[14:50] {Les} ?
[14:50] {Les} faz
[14:50] {strider} what?
[14:50] {nemo} you mean faz
[14:50] {Les} ?
[14:50] {Threei} FAz
[14:50] {Threei} grr
[14:50] {Threei} sorry
[14:51] {Threei} crap, 1:1
06[14:51] * nemo slaps Threei around a bit with a large heavy something
[14:51] {dptl} sorry??lol
[14:51] {nemo} sorry?
[14:51] {nemo} good point dp...you don't have to send him vodka now, but I still expect mine
[14:51] {dptl} lol....
[14:52] {nemo} frickin' nimrod
[14:52] {nemo} not smart...another cup of coffee with chocolate
[14:52] {Threei} probably reversal time
[14:53] {Threei} not taking FAZ again
[14:53] {Threei} watching WFC for bounce instead
[14:53] {Threei} .30 break if holding .20
[14:53] {Les} grabbed .04 of faz
[14:53] {nemo} of what?
[14:54] {nemo} you mean fas?
[14:54] {nemo} no
[14:54] {nemo} .04 of what?
[14:54] {Threei} APOL Weakness attributed to circulation of document dated 5/24 from US Dept of Education on review of serious concerns about the Higher Learning Commision
[14:54] {Les} it's bloody written there ya frickin sheila!
[14:54] {nemo} oh .04 profit
[14:55] {Threei} ashes of dawg knowk in les's heart?
[14:55] {Threei} knock
[14:55] {Les} only when Nemo speaks vad
[14:55] {Threei} oh
[14:55] {Threei} understandable them
[14:55] {Threei} then
[14:55] {Threei} Long Setup: WFC .25 break
[14:55] {Threei} if holding .20 for scalpers
[14:55] {Threei} .15 for day traders
[14:57] {Threei} 1:1 for scalpers
[14:57] {magoo} keep calling them boss, im still RED
[14:57] {Threei} sheesh... dp the second
[14:57] {dptl} out 1:1 ty
[14:58] {Threei} they dig themselves a hole, I must dig them out, lol
[15:00] {dino} last try micc sm l .24
[15:01] {Threei} 1:1 for day traders
[15:01] {Threei} like fish in a barrel
[15:01] {Les} yeh getting the hang of laser. grabs shares quick. not too shabby
[15:02] {magoo} quit brahggin and keep shooting HE HE
[15:02] {dino} back in 10
[15:02] {Threei} no kidding? not much slower than IB?
[15:02] {nemo} ow
[15:02] {Threei} lol mags
[15:02] {Threei} let me enjoy the 30 seconds of self-directed limelight
[15:02] {Les} IB wasn't bad perse vad
[15:03] {nemo} quit while you're behind Les
[15:03] {Les} ok
[15:03] {Threei} lol
[15:04] {nemo} 5 year auction had record percentage taken by direct bidders....not good
[15:06] {nemo} fas an faz bounced right at the trend lines
[15:07] {Threei} FAS, I'd be delighted by drop under .30 for recross
[15:07] {nemo} don't think so
[15:08] {Threei} ok... .35?
[15:08] {nemo} works for me
[15:08] {Threei} here we go
[15:08] {nemo} then again selling is picking up
[15:08] {nemo} nice
[15:08] {Threei} don't care
[15:08] {Threei} .32 in, .42 out
[15:09] {Threei} faster than I could say mama
[15:09] {nemo} The vadster strikes
[15:09] {Threei} like young pioneer in USSR, "Always ready"
[15:10] {Threei} this time should dive deepr
[15:10] {nemo} you mousing, or hot keys
[15:10] {nemo} ?
[15:10] {Threei} mouse
[15:10] {Threei} but my way is:
[15:10] {RonS} ...w/ the way he types?...lol
[15:10] {Threei} I have .35 in price window
[15:11] {Threei} rofl Ron, good point
[15:11] {Threei} and I use it on both sides
[15:11] {Threei} click buy when price is .31
[15:11] {Threei} click sell when price is .43
[15:11] {nemo} ahhhhhhhhhhhhhhhhh
[15:11] {nemo} so your order gets pushed to the front
[15:11] {Threei} why change it to exact price?
[15:11] {Threei} of course
[15:12] {nemo} no flies on you
[15:12] {Threei} when you understand how roouting works, you can do it efficiently
[15:12] {dptl} i do the same
[15:12] {nemo} so even though your sell order is .35 when the price is in the .40's you get that
[15:13] {strider} how is that different from using market order?
[15:13] {nemo} dp, all I care about is the money in my paypal account for the vodka
[15:13] {larisa} you are protected by .35 :) can not go lower
[15:13] {nemo} affects the rebate probably
[15:13] {Threei} strider, just limits the amount you are willing to chase to
[15:13] {Threei} imagine:
[15:13] {Threei} stock is at .31
[15:13] {Threei} you click buy right when for somereason offers disappear
[15:14] {Threei} market order may get you in too far up,
[15:14] {Threei} while limit .35 limits the amount of chasing
[15:14] {strider} what about the exit?
[15:15] {Threei} I simply do not bother with changing prices when I do this kind of rapid trading
[15:15] {Threei} nor changing buttons
[15:15] {Threei} I usually sell into strength
[15:16] {Threei} so I don't normally run a risk of chasing too far down
[15:17] {Threei} not sure about another round here
[15:17] {Threei} a bit too nervous tgrading
[15:24] {nemo} fas just about to hit closing price
[15:24] {nemo} gap fill....as dino woul say
[15:24] {Threei} yup
[15:25] {nemo} bounce?
[15:25] {Threei} no setup for one
[15:25] {nemo} nope
[15:25] {nemo} lotta' volume coming in though
[15:26] {Threei} this is not your usual selling
[15:26] {dino} what the
[15:26] {Threei} no bounce play in plans for me
[15:27] {dino} s/p filled
[15:27] {nemo} under 10k
[15:27] {Threei} looks nasty
[15:27] {Threei} no news
[15:27] {nemo} wow
[15:28] {Threei} [15:26] {Threei} this is not your usual selling
[15:28] {Threei} stay away
[15:28] {nemo} so...we gonna' start talking about the fas/faz cross?
[15:28] {Threei} this can end in huge selloff of huge bounce
[15:28] {Threei} no way to tell
[15:32] {dino} last hour craziness, sheesh
[15:33] {Les} so when we talk about gap fills
[15:34] {Les} we talking about the gap this morn?
[15:35] {dino} we filled
[15:35] {Les} ok, so a gap fill can be as quick as one session
[15:37] {dino} yes, just a simple fill, no matter how long
[15:38] {dino} gut says up
[15:39] {dino} dwa sm l .19
[15:40] {nemo} shrek hasn't gone so well
[15:41] {nemo} so does faz bounce at it's close or keep going down
[15:41] {Threei} I have no faintest clue
[15:41] {nemo} use the force
[15:42] {nemo} throw some chicken bones
[15:42] {dino} yoda says...lol
[15:42] {Threei} can't... colonel Sanders dropped by yesterday, no leftovers after that guy
[15:43] {nemo} I remember when that guy was alive
[15:44] {Les} I only remember when they wiped his face of restaurant logo
[15:44] {nemo} yeah...KFC
[15:44] {patience} you should see how well KFC is doing in china, on every corner, packed with huge lineups
[15:44] {patience} it is 'the' place to be with younger people
[15:44] {dino} yum brands
[15:45] {nemo} yep
[15:45] {Les} I can imagine that patience
[15:45] {Les} remember once scratching my throat with chicken bone in Rangoon
[15:45] {Les} thought it was lodged and was panicking
[15:46] {Les} shit, military state and looking for a hospital
[15:46] {Les} nice people though. worked out fine
[15:46] {patience} we should buy surveiollance camera stocks
[15:47] {patience} i was in remote areas, in the mountainhs 10 kilometres from tibet
[15:47] {patience} there were cameras there, amazing
[15:47] {dino} out dwa .25, +.06
[15:47] {Les} get rid of military govt, and I will push missus to live here:
[15:47] {Les} http://www.fotolibra.com/gallery/23691/myanmar-bagan-1/like/
[15:49] {dino} this market is like trading a week in a day
[15:52] {Les} I see time is up
[15:52] {Les} outta here. c u's tomorrow
[15:53] {RonS} c use tues. gotta go to hi for a graduation.
[15:53] {nemo} Have to go to Hawaii...what a bitch
[15:53] {RonS} somebody has to do it
[15:54] {Threei} lol
[15:54] {Threei} take care Ron
[15:55] {dptl} have a good evening all...see ya tomorrow
[15:57] {Threei} take care dp
[15:59] {nemo} gonna' end near the lows
[15:59] {dino} cya ron, dp
[15:59] {dino} les
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {larisa} bye all
[16:06] {dino} gn all
