Thursday, June 10, 2010

Jun 10 2010

For a while it seemed we wouldn't even get an example for today - so boring and uneventful the market has been. Then close to an end of the day a nice tradeable pattern finally came along - Cup and Handle break. Chart is self-explanatory.

Still, the day was barely worth waking up for.

Session Time: Thu Jun 10 00:00:00 2010
[08:33] {magoo} morn
[08:34] {Threei} (SP) Spain PM Zapatero: Spain's overhaul of its labor system will be substantial, confident reform will pass the legislature
[08:34] {Threei} - Plans to be presented to social parties tomorrow.
[08:34] {Threei} - Notes that all Euro Zone countries need to cut debt.
[08:34] {Threei} - Sees parliament labor reform approval this month.
[08:34] {Threei} ***Note that earlier in the session labor reform talks with union and business leaders ended without agreement. Back on June 9th Spain Labour Min said the govt could pass pension reform unilaterally if no political deal is reached.
[08:34] {Threei} magoo :})
[08:40] {nemo} AWIAV?
[08:41] {Threei} yes
[08:41] {Threei} deep thoughts
[08:41] {Threei} about humankind destiny
[08:42] {nemo} don't hurt yourself
[08:42] {Threei} earth orbit in spiritual universe
[08:42] {Threei} sun place in our souls
[08:42] {patience} i want what is in your coffee
[08:42] {Threei} menu for breakfast
[08:42] {nemo} bacon
[08:42] {Threei} yeah, that was easy part
[08:43] {Threei} coffee... hmmm... I did notice some unusual taste
[08:43] {Threei} that must be it
[08:43] {Threei} darn fair trade coffee, mus have mixed some coke leaves in
[08:44] {nemo} big offer .99 bp
[08:45] {Threei} EUR/USD Euro off its session highs as ECB tweaks growth outlook and inflation outlook remains with target range
[08:45] {Threei} MPET Feels company is undervalued; affirms development of up to 8 TCF in Australia - conf presentation (1.83, 0.00, 0.00%) (related IOC )
[08:46] {Les} i imagine many companies feel undervalued in this economy, but such is life
[08:46] {Les} good morning
[08:46] {Threei} Dealers awaiting if ECB addresses maturity of the 442B in the 12-month LTRO on July 1st with new instruments
[08:46] {Threei} yeah, ni kidding
[08:46] {Threei} market to MPET: wake up
[08:47] {Threei} AOL CEO: We are not selling AOL to Microsoft - conf comments
[08:47] {Threei} did MSFT ever want them?
[08:47] {nemo} my charts are screwy, everything says numerically up, but charts are down
[08:49] {Threei} British Petroleum plc Gulf of Mexico Update: Not aware of reason for share price movement; has significant capacity and flexibility in dealing with the cost of responding to oil spill; cost of the response to date is approximately $1.43B v $1.25B on June 7th
[08:49] {Threei} - Work on the first relief well, which started May 2, continues and has currently reached a depth of 13,978 feet. The second relief well, which started May 16, is at 8,576 feet, and preparing to drill ahead. Both wells are still estimated to take approximately three months to complete from commencement of drilling.
[08:50] {Threei} Wednesday, June 09, 2010 5:23:55 PM
[08:50] {Threei} British Petroleum plc Reportedly BP management may soon try to push back against rising US govt demands for covering oil spill related costs - unconfirmed report citing BP sources
[08:53] {nemo} what chart server you using Vad?
[08:54] {Threei} 1
[08:56] {Threei} (GE) German Constitutional Court rejects injunction against the EU rescue package
[08:56] {nemo} guess I shoulda' taken that BP offer break :)
[08:57] {Threei} interesting, some funds report initiating long positions in BP
[08:57] {magoo} vad, howd mkts close yesterday?
[08:57] {nemo} yeah, Whitney Tilson was reported to have taken a position
[08:57] {nemo} markets closed down mags
[08:58] {magoo} selloff? how much?
[08:58] {magoo} had to get wife, car broke down
[08:58] {Threei} closer to lows
[08:58] {Threei} not at day low but close enough
[08:59] {magoo} today last day school, i have to pick up kids 11 am
[09:01] {Les} holidays in US already?
[09:01] {Les} June & July is it?
[09:03] {nemo} weird, charts are showing down, even though numbers up
[09:04] {magoo} mine too
[09:04] {nemo} yeah, and LT is nowhere to be found
[09:04] {magoo} he cant do anythging with that
[09:04] {Threei} on what?
[09:06] {Threei} SPY is right
[09:06] {Threei} BP is right
[09:06] {nemo} no, my numbers are right BP up 2.96, but the chart shows it down 2.96
[09:06] {Threei} huh?
[09:06] {nemo} yep
[09:06] {Threei} yesterday's close is 29.19
[09:07] {Threei} price right now is 32.14
[09:07] {Threei} that's up
[09:07] {nemo} just sent a screen shot to you
[09:08] {Threei} on daily abd 1 min iontraday everything's correct
[09:09] {Threei} one you have is a few days on intradays,
[09:09] {Threei} and it skips yesterday
[09:09] {Threei} goes from Tue right to Thus
[09:10] {nemo} oh, so they lost data
[09:10] {Threei} Euro vs US Dollar ECB's Trichet: The euro is a very credible currency with exceptional track record - Q&A
[09:10] {Threei} - Reiterates that the euro has capacity to conserve its value, which is a major asset of the currency.
[09:10] {Threei} how's that?
[09:11] {nemo} if the data skips a day, they lost yesterday
[09:11] {Threei} not what I ask
[09:11] {Threei} " euro has capacity to conserve its value"
[09:11] {Threei} huh?
[09:11] {nemo} oh
[09:11] {Threei} just how does it do that?
[09:14] {Threei} RMBS, up measly 30 cents
[09:14] {Threei} after such a selloff
[09:14] {Threei} and with market gapping up solidly
[09:17] {shorty} morning all
[09:18] {Threei} shorty :)
[09:19] {RonS} gm all...apwr jumping on beat...18% float short, 6 mil shares
[09:20] {Threei} ron :)
[09:21] {lasertrev} good morning
[09:21] {Threei} trev
[09:22] {nemo} trev dude, you guys lost data?
[09:22] {lasertrev} no
[09:22] {Les} dcc trev
[09:22] {nemo} well, my charts skip from 6/8 to 6/10
[09:22] {nemo} can you explain that?
[09:23] {Threei} do you have yesterday's candle on daily?
[09:24] {lasertrev} hmm, will look in to it
[09:24] {nemo} no
[09:24] {lasertrev} changing chart server doesnt do anything?
[09:24] {Threei} I do on mine
[09:24] {nemo} nope
[09:26] {lasertrev} ok, nemo, will see what i can find
[09:26] {nemo} you want a screen shot?
[09:26] {lasertrev} sure
[09:27] {nemo} email trev?
[09:30] {magoo} BP should drop to 31.50 or 31 bux
[09:31] {jfjf64} mornin
[09:31] {Threei} jf :)
[09:31] {nemo} jf
[09:32] {jfjf64} lets go CELTICS
[09:32] {nemo} yeah, but I think LA a bit better
[09:32] {magoo} yea..really, cant stand kobe
[09:32] {nemo} me neither
[09:32] {jfjf64} ditto
[09:33] {jfjf64} hal
[09:33] {magoo} im a knicks fan from age 7, go ahead and laugh
[09:33] {nemo} yeah, remember watching Frazier play
[09:34] {jfjf64} in.65
[09:34] {Threei} watching LVS pullback
[09:34] {magoo} BO 31.50 coming
[09:34] {nemo} you mean BP?
[09:34] {magoo} oh wait, got it
[09:34] {Threei} Long Setup: LVS .80 break
[09:35] {Threei} if stays above .70
[09:35] {magoo} stay away nemo
[09:35] {magoo} calls over
[09:35] {jfjf64} hal baby
[09:35] {nemo} ow
[09:36] {jfjf64} mama gettin new shoes
[09:36] {Les} rig look likes it wants to break too
[09:36] {jfjf64} y
[09:36] {magoo} rather try pullbks
[09:36] {Les} y
[09:39] {Threei} Short Setup: RMBS .10 break
[09:39] {Threei} if stays under .20
[09:39] {Threei} CEDC Reportedly Russian Finance Ministry is increasing excise duty tax on spirits (23.23, -0.80, -3.33%)
[09:40] {Threei} RMBS valid again
[09:41] {Threei} CEDC, where is dino
[09:41] {Threei} this is his client
[09:43] {jfjf64} hal bounce vad
[09:43] {magoo} no clue on dino's whereabouts
[09:43] {Threei} Long Setup: WFC .65 break
[09:44] {Threei} Long Setup: HAL .75
[09:44] {nemo} too fast hal
[09:45] {Threei} (CH) US Treasury Sec Geithner: Stronger yuan would benefit China by increasing purchasing power (related USD/CNY EUR/CNY FXI )
[09:45] {Threei} {China} thanks for a good laugh
[09:45] {Threei} HAL over 1:1
[09:46] {Threei} move your butt WFC
[09:47] {nemo} offer .65
[09:47] {shorty} RonS, you called APWR.
[09:48] {Threei} no go
[09:50] {ese} morning all....just popped in to say hi.....have a memorial service to go to vad for the young lad who was stabbed here in front of the TC building....he was a Vic High kid.....will probably be with you all a little more monday....have a great day all
[09:50] {nemo} wanted V at .89 but couldn't figure out a stop
[09:50] {Threei} hi ese
[09:50] {Threei} horrible tragedy
[09:50] {ese} yes......... random.....stupid
[09:50] {shorty} Hi ese, sympathies to his friends and family.
[09:51] {ese} beggs the question ....what the hell is happening in this world
[09:51] {nemo} same as it ever was ese
[09:51] {Threei} on that kid on Kipilano bridge platform... he climberd over the railing...
[09:51] {ese} ya
[09:51] {nemo} same as it always will be
[09:51] {ese} he was warned numerous times i hear
[09:51] {shorty} I read that Threei
[09:52] {Threei} HAL 1:3
[09:52] {ese} anyway gotta go.....will catch you all monday...take care
[09:52] {shorty} Good weekend ese
[09:52] {ese} cya shorty
[09:53] {shorty} Threei, FITB.
[09:53] {Threei} too narrow
[09:54] {Threei} Short Setup: BP .90 break if stays under 32
[09:54] {Threei} half lot
[09:55] {Threei} 1:1
[09:56] {jfjf64} hal sharp drop
[09:56] {Threei} 24 cross worth a try
[09:57] {Threei} 1:1
[09:58] {jfjf64} i lk this set up
[09:58] {jfjf64} ahhhhhhhhh
[09:59] {Threei} 32 break BP was tgempting, just happened way to fast
[10:01] {nemo} better dino not here, he hates these gap up days
[10:04] {Threei} EUR/USD Economist Roubini: Euro will move back to parity with the USD, noting that the aid package backstop will not be enough
[10:05] {Threei} Long Setup: HAL .15 break
[10:06] {Threei} if stays above .10 for hardcore scalpers, 24 for normal people
[10:06] {shorty} I am a hybrid.
[10:07] {Threei} Hedge Fund Manager Soros: Double dip recession cannot be ruled out, situation similar to that of the 1930s
[10:07] {Threei} who let that out?
[10:07] {Threei} and gave it microphone?
[10:08] {nemo} stopped
[10:08] {Les} SLW consolidating above 19. b/d if holding below .10?
[10:09] {Threei} .05 break long appeals to me more
[10:09] {Les} ok
[10:11] {Threei} RIG Hearing RBC defends RIG; reiterates Outperform rating and $100 price target (timing uncertain) (44.84, +2.26, 5.31%)
[10:12] {Les} wfc
[10:12] {Les} fas dropping. maybe wfc too
[10:13] {Les} or a pullback long opp
[10:14] {Threei} neither
[10:15] {Threei} market is totally inactive
[10:15] {jfjf64} cvx
[10:16] {RonS} today is futures rollover day...lots of goofy action possible
[10:16] {nemo} glad I was scalping Hal
[10:18] {Les} miners are going down. perhaps better setups there
[10:21] {RonS} dfs news 3i?
[10:21] {Threei} DFS Hearing takeover chatter circulating (12.94, +0.37, 2.94%)
[10:21] {RonS} thx
[10:25] {shorty} Have to go for the day. See you tomorrow.
[10:25] {Threei} take care shorty
[10:25] {Les} ciao
[10:25] {Threei} dino :)
[10:26] {jfjf64} ko 5 min nice trend line .35 break
[10:26] {jfjf64} nope
[10:26] {jfjf64} so much 4 that
[10:27] {Threei} SEC reportedly approves stock market circuit breaker rules (related NDAQ NYX CME )
[10:29] {magoo} dunno if thats a good thing
[10:29] {Threei} it just doesn't matter in a big picture, and will hurt someone on an individual level
[10:29] {jfjf64} ko what to do
[10:30] {RonS} drink a pep
[10:31] {Threei} MNKD AFREZZA Demonstrates Non-Inferiority Compared to Standard Therapy in Controlling Blood Sugar Levels in Type 1 Diabetes Patients
[10:31] {jfjf64} in .37
[10:33] {RonS} non-inferiority?...sounds like Clinton-speak
[10:33] {Threei} yeah, how about superiority?
[10:35] {RonS} rmbs sure looks like it wants another leg...entry not clear to me
[10:36] {Threei} nor me
[10:41] {Threei} well
[10:41] {Threei} .40 break now
[10:41] {Threei} 51/49
[10:47] {Threei} BP Planning to test new containment system this weekend; will flare oil and gas from a floating rig by Schlumberger
[10:57] {Threei} mystery to me why today is totally inactive, after such prolonged period of nice ranges and activity
[10:57] {RonS} wow, 15 yr fixed mortgage rate at 4.17%
[10:58] {Threei} nice rate
[11:03] {jfjf64} anybody up 4 cards
[11:04] {nemo} ?
[11:04] {jfjf64} bored
[11:04] {nemo} yep
[11:05] {jfjf64} nemo meet me bostn garden tonight buy ya a beer
[11:05] {nemo} working tonight
[11:05] {nemo} not even sure what bars are around the Gahhden any more
[11:05] {jfjf64} me too
[11:06] {nemo} Used to be an Irish pub across the street
[11:06] {jfjf64} wht happen to it
[11:06] {nemo} might still be there, I haven't been there in years
[11:06] {nemo} older I get less I like crowds
[11:08] {Threei} crowds? I don't even like individuals
[11:08] {jfjf64} stop ya a peoples person
[11:09] {Threei} I'll be back in 20 min, after bout of wild laughter passes
[11:09] {jfjf64} lol
[11:09] {Threei} AONE Hearing Craig Hallum initiates with Buy rating and $15 price target (timing uncertain) (7.87, +0.28, 3.69%)
[11:12] {Threei} SEED Hearing vague take over chatter circulating (timing uncertain) (8.71, +0.32, 3.81%)
[11:24] {Threei} BP sharp pullback
[11:28] {nemo} bounce between here and .90
[11:35] {Threei} BP Ticking lower, hearing recent selling due to further speculation that the Gulf oil leak could be much larger than previously reported
[11:35] {Threei} Note: Some editorial reports in recent days have pegged the leak as high at 100K bpd or more, citing claims from various researchers.
[11:41] {RonS} gs nearing the cusp
[11:42] {nemo} bounce area fas?
[11:43] {Threei} toss up
[11:50] {Threei} jf
[11:51] {Threei} good thhat per your request I did two charts yesterday
[11:51] {Threei} might not get any today, lol
[11:59] {Threei} dino, you OK?
[12:00] {RonS} gs going...down
[12:01] {RonS} Goldman Sachs May Face Additional SEC Probe But Unlikely to Face Additional Charges 06/10 09:53 AM
[12:02] {RonS} similar to my to my doctor and me, but not quite...i get the probes and the charges
[12:02] {Threei} lol
[12:07] {dino} sm s dia .99
[12:07] {Threei} BP spiking now
[12:07] {Threei} shrug
[12:07] {Threei} bipolar
[12:08] {Threei} RIG Moody's revises outlook to negative from stable; affirms Baa2 rating
[12:08] {Threei} - Affects $4B of debt
[12:17] {Threei} (AU) Xstrata CEO: Tinkering with Australia's mining tax will not avoid overall damage
[12:17] {Threei} - Government has not consulted with industry on key issues, including application of the 40% rate to current projects.
[12:24] {Threei} (US) US President Obama: Have had good discussions with Congress on trimming debt and deficits (related TLT SHY IEF )
[12:25] {Threei} {Congress} yep, and we fully intend to discuss it about 20 times more over next 10 years
[12:25] {Threei} {Debt and Deficits} go ahead, trim us, we dare you
[12:26] {Threei} {good discussion} yes, I've been had
[12:26] {Threei} lord, am I bored
[12:27] {RonS} am too and kind of peeved that i see nothing actionable
[12:27] {Threei} market is fully locked
[12:27] {nemo} gap up and coma
[12:27] {Threei} long time since I've seen the day with so little action
[12:28] {Threei} and no single word from dino
[12:28] {RonS} john sebastion day
[12:28] {nemo} John B.?
[12:28] {RonS} hot ime, summer in the city...
[12:28] {RonS} ime=time
[12:29] {nemo} Yeah, saw him a few times in the 70,s
[12:29] {nemo} 70's
[12:32] {dino} went short dia above, but these big up days aren't my thing
[12:32] {dino} stopped dia -.21
[12:33] {nemo} [10:01] {nemo} better dino not here, he hates these gap up days
[12:33] {RonS}
[12:36] {Threei} totally useless day dino
[12:37] {dino} lol nemo
[12:37] {nemo} :)
[12:37] {dino} so true vad
[12:37] {dino} rinsed on my dia s
[12:39] {RonS} gs is the bp of the day
[12:44] {nemo} fas bounce?
[12:47] {RonS} gs down $5 and aig
[12:47] {nemo} slb short?
[12:48] {nemo} just as likely to bounce
[12:50] {RonS} wlt short on news?
[12:52] {RonS} ...hearing mine fatalities...
[12:52] {RonS} ...unconfirmed...
[12:55] {Threei} Walter Energy, Inc. Hearing Morgan Stanley making cautious comments (timing uncertain)
[12:55] {Threei} - Note: There were reports that a truck operator in Alabama had died of burns related to an explosion at drill rig on Tuesday
[12:58] {Threei} who remembers hawkfan?
[12:58] {nemo} vaguely...they won
[12:58] {Threei} sigh
[12:59] {Les} dc comic hero?
[12:59] {RonS} Saudi Prince?
[12:59] {Threei} lol
[12:59] {Threei} too many are off oday
[12:59] {Les} ah no, sorry that's hawkman
[13:00] {Threei} oldtimer, was tradinbg with us for a few years, took sabbatical by prersonal reasons
[13:00] {Threei} back to trading next week
[13:00] {Threei} very nice guy and good trader
[13:01] {Les} what's his style?
[13:01] {Threei} if dino wakes up and mgoo returns from blackout, they'll remember him
[13:01] {RonS} lol
[13:01] {Threei} mix of magoo and ese
[13:01] {Les} cool
[13:02] {nemo} yeah, but who bought
[13:02] {Threei} have patience
[13:02] {Threei} 84.84% alloted at high
[13:02] {Threei} - Indirect bidders take 36.03% of competitive bids, 20.3% go to Direct bidders, Primary Dealers take 43.66%
[13:02] {Threei} - Median 4.14%, Low 4.08%
[13:03] {RonS} wlt mine fatality at a surface mine...deemed not material since bulk of wlt biz is underground met nevermind...
[13:03] {nemo} not particularly good
[13:03] {Threei} news item updates as information does
[13:03] {Threei} so I post it in parts as they come in
[13:14] {nemo} here comes the rally
[13:15] {Les} $USD easing off
[13:15] {Threei} GS President Kohn: There is not indication Goldman is close to settlement with SEC (132.14, -4.66, -3.41%)
[13:16] {Threei} BP Dept of Justice: No plans to place injunction on dividends; cannot rule out possibility in the future (32.09, +2.89, 9.90%)
[13:16] {Les} apparently 1£ in every 6£ paid out to pension funds is from BP's dividend
[13:17] {Threei} so why would govt want that to end?
[13:17] {RonS} Justice is not a court. They cannot place and injunction, only request.
[13:17] {Les} that'd put a crimp on pensioners in the UK
[13:17] {Threei} or they think dividends are for rich famous?
[13:17] {RonS} i read that 38% of bp holders are us individuals
[13:18] {Les} so Obama could succeed in pissing of UK pensioners and American investors in one go
[13:18] {RonS} ...and US pensioners
[13:21] {dino} i think he's already pised off most american investors
[13:24] {Les} I guess it can only get worse
[13:24] {RonS} ...the guy has a slobber-fest w/ the Pal prez v. the shunning of Netenyahu
[13:28] {Les}
[13:29] {Les} obama's lack of popularity = need to kick butt?
[13:29] {Les} tell me it's not so
[13:30] {Les} rmbs close enough for a .45 break, or a pullback long?
[13:31] {Threei} really no idea
[13:33] {Les} spy q's clearing their respective ma's
[13:52] {Threei} MNKD Hapoalim Securities reiterates Sell rating and $1 price target (timing uncertain
[13:52] {RonS} bp losing it
[13:52] {Threei} (US) Combined House and Senate Financial Regulation bill to reportedly include provisions on mortgage reform, including predatory lending - unconfirmed report
[13:52] {Threei} - To include requirements for firms to update the "living wills" based on results of stress tests.
[13:53] {Threei} "predatory lending"
[13:53] {Threei} lol
[13:53] {Threei} no fresh news so far BP
[13:54] {Les} miners still tanking... GGk
[13:54] {RonS} British PM Cameron pledges help in BP oil spill 06/09 11:00 PM
[13:54] {Les} -k
[13:58] {Threei} (US) US State Dept: BP oil spill will not negatively impact the relationship with UK (related BP )
[14:00] {Threei} - Total Receipts: $146.7B v $117.2B y/y (+25%)
[14:00] {Threei} - Total Spending: $282.7B v $306.8B y/y (-8%
[14:23] {Threei} unbelievable
[14:23] {Threei} can't find anything anywhere
[14:26] {dino} same
[14:27] {Threei} BP is total OCD
[14:27] {RonS} :s i seem to be finding a large amount of frustration
[14:29] {jfjf64} rimm buying
[14:30] {jfjf64} not me someone
[14:30] {Threei} some days you just have to sit it out Ron
[14:30] {Les} bp holding better
[14:30] {Threei} it's npt like they repeat very often
[14:30] {Threei} but looking at the range today, it's obvious activity just isn't there
[14:34] {jfjf64} pullbk rimm
[14:38] {Les} APC read vad?
[14:39] {Threei} bounce on 38 cross...
[14:39] {RonS} DOJ: AU Optronics, Six Executives, Indicted In LCD Price Fixing Case 06/10 12:38 PM
[14:39] {Threei} RMBS Hearing BWS Financial makes cautious comments (timing uncertain) (18.68, +0.49, 2.69%)
[14:42] {Les} APC 1:1
[14:42] {Threei} (US) US House of Representatives approves bill to increase annual mortgage premium to 1.5% from 0.55%
[14:42] {Threei} - Legislation designed to assist FHA finances; Senate has yet to vote
[14:42] {Threei} yup
[14:42] {Les} can't trade, so just looking at setups
[14:44] {Les} BP read here vad?
[14:44] {nemo} here's the run spy just broke
[14:48] {Threei} zilch on BP
[14:56] {nemo} big bid bidue 72
[15:07] {dino} so, do we fill the opening gaps today or tomorrow?
[15:07] {nemo} many people want to go long into the weekend?
[15:07] {Threei} how may want to go short?
[15:08] {dino} feels unlikely today, but stranger things have been happening
[15:09] {Threei} (GR) ECB's Trichet: Seeing indications that budget execution is on track in Greece, sees encouraging signs of fiscal consolidation in other countries (related EUR/USD SOVRX NBG )
[15:09] {Threei} ummm... hoorraaY
[15:09] {Threei} ?
[15:30] {Threei} APC
[15:30] {Threei} oops
[15:30] {Threei} late
[15:31] {Threei} .50 break was the thought
[15:31] {Threei} well
[15:32] {Threei} back to trigger
[15:38] {Threei} 1:1
[15:38] {Threei} lord... did I find a trade?
[15:38] {Threei} and it worked?
[15:39] {Threei} can't be
[15:39] {dino} lol
[15:39] {nemo} just barely :)
[15:40] {nemo} might get a run here though
[15:42] {Threei} 1:2
[15:42] {Threei} {--- fainting
[15:43] {Les} DO vad?
[15:43] {Threei} 1:3, and I am becoming deeply religious
[15:43] {Threei} oh boy
[15:43] {Threei} 1:3
[15:43] {Threei} DO, no idea
[15:49] {dino} gj
[15:49] {Threei} 1:5
[15:49] {Threei} I found religion
[15:49] {Threei} as of today
[15:50] {Les} did you take it, or paper trade it?
[15:50] {dino} 6/3 gaps above 10255, 1895, 1102. 6/9 gaps below 9899, 1778, 1055
[15:53] {Threei} Les
[15:53] {Threei} paper trade?
[15:53] {Les} so you were in? nice one
[15:53] {Threei} I am niot saying I held it for full 1:7 where it is now
[15:53] {Les} sure
[15:53] {Threei} but paper trade?
[15:54] {Les} well I know when you're not sure something is going to work, you "paper trade" to see if the setup functions
06[15:54] * nemo slaps Les around a bit with a large daytrading course
06[15:54] * nemo slaps Les around a bit with a large scalping course
[15:54] {Les} thanks nemo
06[15:54] * nemo slaps Les around a bit with a large Master Profit Plan
06[15:54] * nemo slaps Les around a bit with a large chart of uptrending market
06[15:54] * nemo slaps Les around a bit with a large book of Techniques of Tape Reading
06[15:54] * nemo slaps Les around a bit with a large trout
[15:55] {nemo} frickin' guy
[15:55] {Les} oh you are a bored boy aren't you
[15:55] {nemo} just bring it out in me
[15:56] {Les} ok, so APC was one for the room.... wasn't clear to me
[15:58] {nemo} whoa, talk about a low volume rally
[16:00] {dino} heading out, later all
[16:00] {Threei} take care dino
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {Les} night
[16:00] {nemo} P&Q see you all tomorrow