Wednesday, June 9, 2010

Wed Jun 09 2010

Per one member's request, we will do two charts today (I guess he likes them). First is beautiful LVS breakdown - we were hunting for a setup on it but its first moves after opening were too vicious with no clear setups. Finally it formed a decent range for a short - 10 cents risk, the reward is easy to see on this cascading chart.

Second one is CAT breakout. Chart break was 58.15 but there was also a huge offer at .16, so we made the break of that price our long trigger.
Overall, very nice day with a lot of good trades on both sides.

Session Time: Wed Jun 09 00:00:00 2010

[08:12] {magoo} morn
[08:13] {Threei} hey mags
[08:24] {Threei} EU) Russian President Putin: "Trusts and believes" in the euro, believes EU leaders are handling the crisis correctly
[08:24] {Threei} - Will not change attitude to the euro's role as a reserve currency.
[08:24] {Threei} ***Reminder: On May 27th, Russia Central Banker Ignatiev stated that there was no discussion about changing Russia's reserve makeup (In recent sessions there had been market rumors that the CBR would cut its euro share of currency reserves . Back on On May 24th reported that Russia's Central Bank increased its USD reserve
[08:25] {Threei} allow me to translate fro Russian
[08:25] {Threei} "we believe Euro is so dead..."
[08:26] {Threei} GR) Greek Fin Min Papaconstantinou: Reiterates on track to meet 2010 deficit target; Rumors of sovereign default are 'ridiculous' and restructuring NOT an issue
[08:27] {Threei} "I reiterate, NOT an issue"
[08:27] {Threei} Second EU/IMF mechanism payment is secured
[08:27] {Threei} - Greece may processd with GDP revision from 2011 in conjunction with EuroStat.
[08:27] {Threei} - Deposit outflows from Greek banks have recently stopped.
[08:27] {Threei} - 5-month state revenue above 8%, expenditure down more than 10% y/y.
[08:27] {Threei} **Insight: The 2010 Greece target deficit-to-GDP ratio of 8.7%.
[08:29] {Threei} 7:00:16 AM
[08:29] {Threei} CIENA Corp. Reports Q2 -$0.13 v -$0.26, R$253.5M v $268Me
[08:29] {Threei} - Guides Q3 Rev $375-400M v $385Me
[08:29] {Threei} - Expects that as-adjusted gross margin will be consistent with our near-term expectation of low 40s.
[08:29] {Threei} - Europe remains a challenge due to volatile macroeconomic conditions
[08:29] {Threei} - Non-U.S. customers contributed 29% of total revenue.
[08:29] {Threei} - Gross Margin 49% v 43% y/y
[08:38] {nemo} morn mags
[08:38] {nemo} gotta' question
[08:38] {nemo} what key combination closes a window?
[08:40] {Threei} Ctrl-F4?
[08:40] {nemo} tried that
[08:40] {Threei} Alt-F4?
[08:41] {nemo} mmmhhhh?
[08:41] {Threei} Shift-F4?
[08:41] {Threei} one of those
[08:42] {Threei} IT) Italy Treasury: Treasury recouped 5.6B in revenues from tax amnesty; Government recieved in total 104.5B
[08:42] {nemo} alt
[08:42] {Threei} OK... I rememer F4, the resy is for multiple tries :)
[08:43] {nemo} yep
[08:46] {Threei} this I find hard to believe:
[08:46] {Threei} (GR) China is looking to invest heavily in Greece - Washington Post (update)
[08:47] {Threei} my translation: {China} let's talk this thing up, maybe we can dump at beter prices
[08:47] {Threei} - The Chinese are planning to spend hundreds or even billions of euros into Greece. The cornerstone of the plans is the transformation of the Greek port of Piraeus into "the Rotterdam of the south," creating a modern gateway linking Chinese factories with consumers across Europe and North Africa.
[08:47] {Threei} - This week, the Chinese shipping giant Cosco assumed full control of the major container dock in Piraeus, just southwest of Athens. In return, the Chinese have pledged to spend $700 million to construct a new pier and upgrade existing docks.
[08:47] {Threei} - The Greek government is also courting China for a bevy of other projects, including a sprawling new distribution center in the industrial wastelands west of Athens, a monorail line, five-star hotels and a new maritime theme park
[08:48] {Threei} or:
[08:49] {Threei} let's at least spend those Euros as fast as we can and get an ownership of something real, while we still can buy something for this dying currency
[08:50] {nemo} How much you want to bet they eventually put a Naval fleet there? They have no bases to speak of outside of China.
[08:55] {Threei} Fitch revises outlook on US equity REITs to Stable from Negative
[08:57] {Les} good idea for the chinese. cut time and congestion in rotterdam
[08:58] {Les} Italian railway a bit crappy, but swiss building huge tunnel to link south with north. very fast
[08:58] {Threei} (and get rid of Euros in the process)
[08:58] {Les} as should everyone
[08:58] {Les} who holds euros
[08:58] {Les} morning
[08:58] {Threei} hi
[09:00] {Threei} BP US Coast Guard, in letter dated June 8, sets 72 hour deadline to produce a revised oil containment plan
[09:05] {dino} gm all
[09:05] {Threei} dino :)
[09:07] {Threei} (IT) Italy CGIL union calls for general strikes against austerity measures on June 25th (related EUR/USD EWI )
[09:07] {Les} hi dion
[09:07] {Les} dino too
[09:08] {Threei} (HU) Fitch: Hungary's budget plans are a "moderately encouraging," 2010 budget deficit ratio remains unchanged at 4.2%
[09:08] {Threei} - Calls for Hungarian Govt to avoid attacking its Central Bank
[09:08] {Threei} lol
[09:12] {RonS} gm gents
[09:12] {larisa} gm :)
[09:12] {dino} :D
[09:13] {Les} hey larisa. aren't you forgetting someone ron?
[09:13] {Threei} ron, larisa :)
[09:13] {nemo} BIDU looks like it wants to pop
[09:14] {RonS} larisa was not on then Les. Hi Larisa. ;)
[09:14] {larisa} np, I am not THAT sensitive :) Ron, Les, Vad, all :)
[09:15] {dino} china is being smart on the greece move, getting in cheap. buying when the blood is flowing
[09:16] {RonS} ...unaware of history..."Beware of Greeks bearing gifts."
[09:16] {Les} yeh, they'll have to put chinese workers on the dock if they want to move stuff
[09:16] {RonS} lol
[09:18] {RonS} What does everyone think?...chop or run today?
[09:19] {Threei} what's the point Ron?
[09:19] {RonS} ...Big Ben starts talking at what? 10 a.m.?
[09:19] {Threei} CIEN picked up stterngth
[09:20] {RonS} ...just checking feerings 3i...
[09:20] {Threei} yes, 10
[09:20] {nemo} fas bidu V
[09:20] {jfjf64} mornin
[09:20] {Threei} jf :)
[09:21] {lasertrev} good morning
[09:21] {Threei} trev :)
[09:22] {Threei} EU) EU's Barroso: It is now not the time to redesign EU treaties
[09:22] {Threei} really
[09:22] {Threei} I'd rearrange the chairs on Titanic's desk
[09:22] {Threei} deck
[09:23] {Threei} the political will of EU members is main factor
[09:23] {Threei} no, it's not - the laws of economy is
[09:23] {Threei} invisible hand,, ya know
[09:25] {Les} I think it comes down to the people
[09:25] {Les} get them angry enough...
[09:25] {Les} politicians will hang
[09:25] {Threei} economy will
[09:25] {Threei} and sometimes economy does that wothout even populal anger
[09:26] {Threei} witness USSR
[09:26] {Les} right
[09:26] {Threei} there was no widespread anger
[09:26] {Threei} things just crambled under their own weight
[09:27] {Threei} (US) Goldman Sachs Abbey Joseph Cohen: Sees no 'double' dip recession in the US, though growth will slow in H2 of this year
[09:27] {Threei} - Belives that the Fed will wait as long as possible before hiking rates.
[09:27] {Threei} - Sees that the euro is fairly valued for now
[09:28] {nemo} O.K. Now we can be sure what's gonna' happen
[09:28] {nemo} Just go opposite AJC
[09:29] {Threei} pullback CIEN should be interesting for long,
[09:29] {Threei} desirably to 14.50
[09:30] {Les} so Patience made out well if she was all in long at 1:30pm yesterday
[09:30] {Threei} NKTR Announces Positive Initial Results from Phase 2 Study of NKTR-102 in Metastatic Breast CancerAnnounces Positive Initial Results from Phase 2 Study of NKTR-102 in Metastatic Breast Cancer (11.54, +0.29, 2.58%)
[09:32] {Threei} LVS
[09:32] {Threei} pullback to about .20 on watch
[09:32] {Threei} at least
[09:32] {Threei} quite possibly deeper
[09:33] {Threei} shurg
[09:33] {Threei} shrug too
[09:34] {Threei} no news, no idea what got into it
[09:35] {shorty} morning all
[09:36] {jfjf64} uso
[09:36] {jfjf64} .03 break
[09:36] {Threei} shorty :)
[09:37] {Threei} OK
[09:37] {Threei} sharp pullback
[09:37] {Threei} one more leg, .30 is support now
[09:37] {nemo} what stock?
[09:37] {magoo} LVS
[09:37] {Les} out +.10 lvs
[09:37] {nemo} ty
[09:37] {jfjf64} whos on 1st
[09:37] {nemo} what team?
[09:38] {jfjf64} not celtics
[09:38] {jfjf64} lol
[09:38] {nemo} fas may be looking for open at .10
[09:40] {Threei} CIEN, coming there
[09:40] {Threei} keep an eye on it, .50 is solid support
[09:40] {Threei} USD/CNY (US) US Sen Stabenow (D-MI): There will be enough votes in Senate to bring a China currency bill to the floor for ultimate approval
[09:41] {jfjf64} fcx
[09:41] {nemo} tempting
[09:42] {Threei} FCX??
[09:42] {Threei} no way
[09:42] {jfjf64} in .58
[09:42] {Threei} for short, maybe
[09:42] {Threei} .50 - .60
[09:43] {Threei} no short
[09:43] {Threei} ok, this time LVS should lose the support and give real pullback finally
[09:43] {Threei} under .40 will get interested
[09:44] {nemo} 1:1 fcx
[09:44] {Les} fcx developing a squeeze maybe? l .61
[09:45] {Threei} well, you have 1:2
[09:45] {jfjf64} out half
[09:45] {Threei} finally LVS
[09:45] {Threei} recross hunt is on from under .30
[09:46] {Threei} (US) Nevada reports April casino rev $810.4M, -5.7% y/y; Las Vegas strip -0.9% y/y
[09:46] {nemo} oops
[09:47] {Les} out fcx +.15
[09:47] {Threei} another shorp leg down is coming LVS
[09:47] {Threei} sharp too
[09:47] {nemo} spy probably to 107
[09:47] {jfjf64} fcx done
[09:48] {jfjf64} trigger lvs
[09:48] {Threei} not yet...
[09:48] {Les} 50ma lvs .10
[09:48] {Threei} this bounce smells like trap
[09:48] {Threei} let it drop more
[09:48] {nemo} disturbance in The Force, huh?
[09:49] {Threei} FCX watch for bounce entry closer to 63
[09:49] {Les} well fcx was good for a quick kiss before dumping me
[09:53] {Threei} anyone got CIEN near .50?
[09:54] {jfjf64} wish
[09:54] {Les} vad GG here. long on 44 pullback or watch for breakdown?
[09:55] {Les} I think its b/d
[09:55] {Threei} probably
[09:55] {Threei} if stays under .10
[09:56] {Les} s GG .99
[09:56] {jfjf64} b/d ??
[09:56] {Threei} Short Setup: LVS .40 break
[09:56] {Threei} stop above .50
[09:57] {Threei} not a scalp LVS
[09:57] {Les} gg stopped
[09:57] {Threei} 1:1, half out
[09:57] {Threei} +.13
[09:58] {Threei} 1:2, 1/4 more out
[09:58] {Threei} +.22
[09:58] {Threei} 1:3 was almost hit while I typed 1:2, lol
[09:58] {nemo} .11 is 200 ma
[09:59] {Threei} 1:3
[09:59] {Threei} out in full
[09:59] {Threei} +.31
[09:59] {jfjf64} very nice
[09:59] {jfjf64} ty
[09:59] {Threei} 1:4
[09:59] {Threei} for who is more parient
[09:59] {Threei} (I am sure no one here is)
[10:00] {Threei} CH) Senator Schumer: Failure to cite China as FX manipulator is disappointing
[10:00] {nemo} oh, and the US doesn't manipulate either...sheesh
[10:01] {nemo} 1:5
[10:02] {dino} ima sm l .50
[10:03] {nemo} 1
[10:03] {jfjf64} sharp drop cien
[10:03] {nemo} ;6
[10:03] {nemo} 1
[10:03] {nemo} ;6
[10:03] {nemo} 1:6
[10:03] {nemo} weird
[10:04] {Threei} (US) Fed's Bernanke: US fiscal position has deteriorated strongly, see significant restraints on the pace of the US recovery- Imact on US economy from European crisis is likely to be modest, if markets stabilize.
[10:04] {Threei} - Fed intends to do was is necessary to help the recovery.
[10:04] {Threei} - Economy will likely grow this year and in 2011.
[10:04] {Threei} - US job market is improving, still has a long time to go.
[10:04] {Threei} - Expects gains in private demand to sustain the economic recovery, consumer spending to rise moderately
[10:04] {Threei} - Housing market has firmed up only slightly since the middle of last year
[10:09] {RonS} aapl bruised
[10:09] {Threei} I still feel it's my fault
[10:10] {dino} ima stopped -.10, mkt drops
[10:10] {RonS} $750 b market cap and it's your
[10:10] {Threei} watching LVS for double bottom
[10:10] {Threei} strokes my ego, Ron :)
[10:11] {RonS} ...and i thought Larisa did that...
[10:11] {Threei} no, she mostly hurts it
[10:11] {nemo} V riding yesterday's close as support
[10:11] {Threei} I take credit for Nissan's financial strength
[10:11] {Threei} why wouldn't I take blame for AAPL weakness
[10:12] {nemo} V making gradually lower highs
[10:12] {Threei} wanted LVS somewhere around .85 - .90
[10:13] {Les} how's the nissan going vad?
[10:13] {Threei} Short Setup: CIEN .70 break
[10:13] {Threei} if stays below .80
[10:13] {Threei} the loveliest car I've ever had Les
[10:13] {nemo} is it long above .80?
[10:14] {Threei} IMO, no
[10:14] {nemo} TY
[10:15] {dino} v, ma may be down march comsumer credit revised from +2 b to -5,4 b, never trust the govt figures
[10:15] {Threei} so, let's see:
[10:15] {Threei} for the last few days pullbacks were deeper than we expected,
[10:16] {Threei} causing a lot of invalidations and rinses
[10:16] {Threei} so, I adjust, trying to place expectations at farther levels
[10:16] {nemo} and of course, market changes
[10:16] {jfjf64} thats correct
[10:16] {Threei} and we reach very few of them
[10:16] {nemo} you need to mask your thoughts
[10:17] {Threei} CIEN did drop to .50 for a nice bounce
[10:17] {nemo} tree falling in the forest
[10:17] {RonS} ergo, the chop or run Q...
[10:17] {Threei} LVS did too but 1 time out of 4
[10:17] {dino} dcth sm l .55
[10:17] {Threei} so we missed three valid plays
[10:18] {Threei} oh well.. price you pay for being flexible sometimes, lol
[10:18] {Threei} still beter than being stubborn donkey
[10:18] {nemo} V still descending highs
[10:18] {nemo} beter...? Freudian?
[10:18] {nemo} oh, donkey
[10:20] {Threei} Short Setup: BP .70 break
[10:20] {Threei} if stays under .80
[10:20] {jfjf64} lost me
[10:20] {Threei} ?
[10:21] {Threei} .71 x .72 at the moment of the call
[10:21] {Threei} .70 break is short trigger
[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:22] {Threei} **consensus expectations:
[10:22] {Threei} Crude: -1Me
[10:22] {Threei} Gasoline: -250Ke
[10:22] {Threei} Distillate: +500Ke
[10:22] {dino} cfsm l .01
[10:23] {nemo} Like V short yet Vad?
[10:24] {Threei} no idea
[10:24] {nemo} TY
[10:24] {Threei} die already BP
[10:24] {jfjf64} fightin
[10:25] {shorty} needs to break .66
[10:25] {Threei} over 1:1
[10:26] {Les} +.15 ty
[10:26] {Threei} half out +.13
[10:26] {shorty} I panicked...out
[10:26] {Les} someone smack shorty
[10:26] {Threei} where shorty?
[10:26] {shorty} .58
[10:27] {Threei} well, it's a valid scalp
[10:27] {Threei} 1:2
[10:27] {Threei} 1/4 more out +.23
[10:27] {Threei} 1:3
[10:27] {shorty} It is...It dropped so fast
[10:27] {Threei} yup
[10:28] {Threei} even though it did look like worth more than scalp, I woulnd't blame anyone for taking it off there
[10:28] {Threei} missed last exit while blabbing
[10:28] {Threei} let's see if it gives me good price again
[10:29] {Threei} stop to above .60 for the last piece
[10:29] {Threei} 1:3 again
[10:29] {Threei} riding it
[10:29] {Threei} well, trying
[10:30] {Threei} DOE CRUDE: -1.83M V -1ME
[10:30] {Les} lvs looking for that db
[10:30] {Threei} GASOLINE: 0K V -250KE; DISTILLATE: +1.8M V +500KE; UTILIZATION: 89.1% V 87.5%E
[10:31] {Threei} lvs
[10:31] {Threei} need more
[10:31] {Threei} I don't trust it here
[10:34] {shorty} LVS is hard to play right now.
[10:34] {Threei} yeah, no pattern
[10:34] {Threei} a lot of noise
[10:37] {Threei} Short Setup: WFC .55 break
[10:37] {Threei} stop above .65
[10:38] {Threei} hardcore scalpers can keep it above .60 but I am not a fan of this approach in this particular case
[10:39] {shorty} darn...missed your call
[10:39] {Threei} it's there again
[10:40] {shorty} took it
[10:40] {dino} qcom .95 l
[10:40] {Threei} pesky scalpers have 1:1
[10:40] {nemo} TY
[10:40] {Threei} but we all despise those lowlife creatures, right?
[10:40] {nemo} Where's that list....?
[10:40] {Les} hmm I am wearing day trader cap for this trade
[10:41] {Threei} lord, fern is going to kill me when he is back
[10:41] {shorty} How is he doing?
[10:41] {nemo} saw spy bouncing off support
[10:41] {Threei} haven't heard from him yet
[10:42] {Threei} US) Fed's Bernanke: Cannot ever entirely rule out a 'double dip' recession, but moderate growth expected; Economic recovery "modest," not as fast as desired, but we averted economic collapse - Q&A
[10:42] {Threei} - Encouraged by the European response; stresses importance of cooperation
[10:42] {Threei} "we averted economic collapse" - we will hear that for years to come
[10:43] {Threei} and will never know whether cure was worse than illness
[10:43] {Threei} - Confident Europeans want to maintain the currency union and leadership is committed to the resolution of problems
[10:44] {Threei} isn't it funny, markets are green and all our winning trades are on short side, if not count CIEN bounce
[10:44] {Threei} - Price of Gold reflects market uncertainty, signals sent are different from that of other commodities
[10:45] {Threei} of course they are, gold is perceived as half commodity half currency
[10:45] {dino} ipcm
[10:45] {nemo} Scalpers win
[10:46] {shorty} stopped WFC
[10:46] {Threei} not yet
[10:46] {nemo} saw .65 print
[10:46] {Threei} yes
[10:46] {Threei} [10:37] {Threei} stop above .65
[10:46] {Threei} now it is
[10:46] {RonS} IPC The Hospitalist Gets DOJ Info Request On Medicare Claims 06/09 07:27 AM
[10:47] {nemo} What did the French knight on the ramparts say to King Arthur in Search for the Holy Grail?
[10:47] {RonS} how's it hanging?
[10:47] {nemo} no
[10:47] {Threei} - Reiterates comfort that the Fed has the tools it needs to exit low interest rate policy without creating inflation
[10:47] {shorty} We are the knights that say NI!
[10:47] {nemo} no
[10:48] {nemo} that was later
[10:48] {dino} good night
[10:48] {nemo} no
[10:48] {Threei} got a cigarette?
[10:48] {nemo} nah
[10:48] {RonS} sacre bleu!
[10:48] {Threei} pass me that bottle?
[10:48] {nemo} sheesh
[10:48] {nemo} god
[10:48] {nemo} oh, boy...have you guys got homework!
[10:49] {RonS} since it is legend...who cares?
[10:49] {nemo} classic movie
[10:49] {dino} out qcom .07, +.12
[10:49] {shorty} There is a reason why I married rich, it's so I don't have to do anymore homework.
[10:50] {RonS} oh, the movie...
[10:50] {Les} good answer
[10:50] {dino} gj shorty
[10:50] {nemo} now the trick is to stay married :)
[10:50] {shorty} :)....and thanks dino
[10:51] {RonS} ...or get paid in the divorce
[10:51] {dino} ;)
[10:51] {shorty} Covered that one RonS...:D
[10:51] {shorty} But, there is love.
[10:52] {nemo} right....
[10:52] {shorty} lol....
[10:52] {shorty} I hate LVS
[10:52] {Threei} {LVS} why, oh why
[10:53] {Threei} notice where it bounced from on that double bottom formation
[10:53] {dino} ipcm sm l .00 risky
[10:53] {nemo} yesterday's close
[10:53] {Threei} [10:12] {Threei} wanted LVS somewhere around .85 - .90
[10:54] {Threei} see 10:33 low?
[10:54] {nemo} yep
[10:55] {Threei} Sixty-four percent (64%) say U.S. society is generally fair and decent while 24% view it as unfair and discriminatory.
[10:55] {Threei} well... would be werid if majority saw it as discriminatory, no?
[11:00] {Les} gold miners not with the program
[11:01] {Les} $POG letting off some steam
[11:02] {dino} out cf ave .42,
[11:02] {dino} +.41
[11:05] {Threei} AIG Fed's Bernanke: Believes AIG will repay all TARP funds - Q&A (34.97, +0.66, 1.92%)
[11:07] {Threei} ugh... .50 break AIG, happened way too fast to alert
[11:08] {Threei} see if bounce to above .50 for double top short entry
[11:09] {Threei} we want it to go over .50, form the lower top and break .50 again for entry
[11:09] {Threei} (US) US Dept of Interior's Salazar: 6 month moratorium on deepwater drilling could end sooner (related USO )
[11:10] {dino} out ipcm .50, +.50
[11:10] {Threei} HAL
[11:11] {Threei} interesting daily
[11:11] {Threei} 24 break should catapult it
[11:11] {Threei} hopefull tomorrow
[11:11] {Threei} hopefully
[11:12] {Threei} German Economy Minister rejects Opel's request for aid
[11:12] {Threei} oh good... someone has some commmon sense
[11:12] {Les} i've lost laser. anyone else?
[11:13] {Threei} fine here
[11:13] {nemo} nope
[11:13] {nemo} putz
[11:13] {Les} a european thing hey...
[11:13] {nemo} no...
[11:13] {nemo} an aussie trying to operate a computer
[11:13] {dino} blame it on dr. evil's "lazer"
[11:13] {nemo} need ese with a rim shot
[11:14] {Threei} AIG, sharp dive to about .60 turns it into bounce candidate
[11:15] {Threei} (US) S&P awaiting change in tone from US Govt on policies to handle deficit (related MUNIS TLT SHY IEF )
[11:17] {RonS} DC sirens to change pitch of whining
[11:18] {Threei} at most
[11:18] {Threei} even that is in doubt
[11:19] {Threei} the "it's all Bush fault" routine is too entrenched and comfortable
[11:22] {Threei} CAT Raises dividend 5% to $0.44 from $0.42
[11:22] {Threei} - Payable August 20, 2010, to stockholders of record at the close of business, July 20, 2010.
[11:23] {RonS} short squeeze could heat up in pq
[11:23] {Threei} CAT too
[11:23] {Threei} if breaks .16
[11:24] {Threei} HAL broke 24
[11:24] {nemo} it's been running a 45 degree line since yesterday
[11:24] {Threei} Long Setup: CAT .16 break
[11:26] {nemo} stop?
[11:27] {Threei} what stop... half out here
[11:27] {Threei} or take scalp
[11:27] {nemo} scalp
[11:28] {Threei} if partial, stop for the balance to under .10
[11:28] {dino} ima sm l .80
[11:28] {Threei} offer 1/4 more above .40
[11:28] {Threei} out.42
[11:29] {Threei} stop to b/e
[11:30] {Threei} IA) UN Security Council pass sanctions on Iran
[11:30] {Threei} - Brazil and Turkey vote against
[11:31] {Threei} anyone went for HAL?
[11:31] {nemo} huge offer .21
[11:32] {Threei} I don't suggest long here
[11:32] {Threei} offer last piece of CAT at .55
[11:33] {Threei} sharp pullback HAL
[11:33] {Threei} recross long
[11:34] {Threei} 5 cents range
[11:34] {jfjf64} .05
[11:34] {Threei} ?
[11:35] {Threei} CAT direct hit
[11:35] {jfjf64} recross .05
[11:35] {Threei} out +.40
[11:36] {Threei} why not 24 jf??
[11:36] {Threei} with .95 support
[11:43] {Threei} anyone's alive out tjere?
[11:43] {nemo} no
[11:43] {RonS} Salazar: BP Must Pay Salaries Of Any Laid-Off Oil-Services Workers 06/09 09:21 AM
[11:44] {RonS} Ken Salazar = god
[11:44] {nemo} if they're laid off, they're
[11:44] {Threei} RMBS US Appeals court reportedly decides cases should be reheard in October (22.65, +0.75, 3.42%)
[11:46] {Les} haha can hear my friend's teeth grinding over that decision
[11:46] {nemo} BIDU short?
[11:47] {jfjf64} lvs nother leg down vad
[11:47] {Threei} no idea BIDU
[11:48] {Threei} LVS, around .50 - .60 probably
[11:51] {Les} vad, when laser keeps cutting out
[11:51] {Les} anything I can do through setup?
[11:51] {dino} ima stopped -.30
[11:51] {Les} I will definitely have trev on speed dial
[11:53] {jfjf64} in .67
[11:53] {jfjf64} lvs
[11:54] {Threei} I don't know what you mean Les
[11:54] {Threei} setup is setup
[11:54] {Threei} done once
[11:54] {Les} no, at the login screen
[11:54] {nemo} huge ofer bidu .90
[11:55] {Threei} login screen? there is just username and password there
[11:55] {Les} ah bon? demo login has setup button as well
[11:55] {Threei} [11:54] {Threei} setup is setup
[11:55] {Threei} [11:54] {Threei} done once
[11:55] {jfjf64} half out.78
[11:56] {Les} ok
[11:56] {Les} not working well today
[11:56] {jfjf64} done
[11:56] {Threei} wtg jf
[11:58] {dino} gj
[12:01] {RonS} dino, lwsn
[12:03] {RonS} lwsn ibm rumors?
[12:05] {Threei} LWSN Hearing Dealreporter speculating could be takeover target (timing uncertain) (7.90, +0.16, 2.07%)
[12:07] {jfjf64} back
[12:07] {jfjf64} mibbit
[12:07] {jfjf64} grrrrrrrrrrrr
[12:12] {Threei} (IA) Senior Iran Official: Iran has no intention to suspend enrichment activities following UN vote (related USO GLD )
[12:12] {Threei} as if anyone ever doubted that
[12:15] {Threei}
[12:16] {shorty} Awesome!
[12:16] {Les} can't blame her
[12:17] {shorty} He is a she?
[12:17] {Les} who knows
[12:23] {Threei} RMBS...
[12:23] {Threei} panic comes
[12:24] {jfjf64} hmmmmmmmmmmmmm
[12:24] {Threei} watching if we get some clear bounce forming
[12:24] {Les} this area is last line of defence .70 pivot support
[12:26] {Les} having a drink with neighbour yesterday
[12:26] {Les} he wants to buy at open 21.50 rmbs
[12:27] {Threei} why didn't we just short on "panic comes" remark {G}
[12:27] {Les} cause its dropped so damned far. scary
[12:27] {nemo} or on break of support
[12:28] {Les} l .11
[12:28] {Threei} wow
[12:28] {Threei} why that high
[12:29] {Les} out +.15
[12:29] {Threei} that's kind of trading that will get you in serious troubles
[12:30] {Les} l .11 with stop under 20. it held
[12:31] {Threei} you want to hear why it's n ot a good trade or you want to explain to me why it's good?
[12:31] {jfjf64} ahhhhhhhhhhhh
[12:31] {jfjf64} want to hear both pls
[12:31] {jfjf64} les 1st
[12:32] {jfjf64} 3i
[12:32] {jfjf64} your up
[12:32] {Threei} I'll pass
[12:32] {jfjf64} lol
[12:32] {jfjf64} ??
[12:33] {dino} ima sm l .25
[12:34] {Les} sorry, back from kitchen
[12:34] {Les} why not?
[12:34] {Threei} almost 40 cents jump from the low in a single breath
[12:35] {Threei} no consolidation,
[12:35] {Threei} no pullback
[12:35] {Threei} just vetical snap
[12:35] {Les} sure. I saw that
[12:35] {Threei} what kind of chart formation, trigger or whatever else is that?
[12:35] {Threei} it's just an impulsive entry
[12:35] {Threei} "aww, it's getting away" kind
[12:36] {Les} none. just like the waterfall event may 6
[12:36] {jfjf64} ??
[12:36] {Les} playing the quarter routine. low of .75
[12:36] {Les} break of .00
[12:36] {Les} out .25
[12:37] {Les} missed .00 so took .11
[12:37] {Threei} OK... I am not sure what you are saying but here is what I have to say:
[12:38] {Threei} keep doing it witrh real money, there won't be much of it left very very soon
[12:38] {Les} ok
[12:39] {jfjf64} all guilty les i know i am
[12:39] {jfjf64} structure structure structure
[12:40] {Threei} yeah, those are three mosty important things {G}
[12:41] {Threei} just FYI guys
[12:41] {Threei} if at some point in future you hear that I am arrested for violence against a real estate agent
[12:42] {Threei} the real reason for that is,
[12:42] {Les} you posted me a letter bomb?
[12:42] {Threei} hearing about "locatioon location location" being thtee most important things I lost it, grabbed him by the throat and shook violently screaming:
[12:42] {Threei} "this is not three things, you rtetard, this is one thing repeated three times"
[12:43] {jfjf64} 4 real
[12:43] {Threei} not yet... but some day...
[12:43] {Les} you are a realist vad...
[12:43] {Threei} this is one of those "what grinds my gear" moments {G}
[12:44] {Les} lvs coming into b/d zone
[12:44] {dino} ahhh yes mr peter griffin
[12:44] {Threei} I just hate it when they repeat it for zillionth time with this extremely wise expression on their face
[12:44] {Les} so what's your excuse? :)
[12:44] {Threei} as if they impart some incredibly deep wisdom
[12:44] {dino} seems to me price is top one
[12:44] {jfjf64} think structure takin place rmbs
[12:46] {Threei} lol
[12:46] {nemo} fas...66
[12:46] {Les} I guess he's selling something, but its something that makes him money
[12:46] {nemo} long
[12:46] {Threei} president on TV sayiong this is toughest sanctions against Iran yet
[12:47] {nemo} what, they calling them names?
[12:47] {dino} and iran saying big deal
[12:47] {Threei} AFTER Iran has already said it shrugs them off
[12:47] {dino} dcth sm l .75
[12:48] {Les} BP
[12:48] {nemo} not feeling the love on fas, Vad
[12:48] {Threei} hard to tell
[12:48] {Threei} a bit random right now
[12:48] {nemo} bp or fas?
[12:49] {jfjf64} short les
[12:49] {Threei} FAS
[12:49] {jfjf64} .90 break
[12:49] {Les} bounce time shorty
[12:49] {nemo} TY
[12:49] {Threei} BP is so dead...
[12:49] {jfjf64} guess not
[12:49] {Threei} 2 and half points drop
[12:49] {shorty} alright....ready
[12:49] {Threei} while market barely retreated from high
[12:49] {nemo} bummmer...fas would be 1:1
[12:50] {nemo} Wine time
[12:50] {nemo} or is that Whine time
[12:50] {Threei} loses all supports, makes new lows every day
[12:50] {Les} sorry not shorty, JF
[12:50] {shorty} :(
[12:50] {Les} screwed my entry .07
[12:51] {jfjf64} great bounce
[12:51] {Les} too far from .01 trigger and stopped .97
[12:52] {Threei} are you using market orders?
[12:52] {Les} no just slow to the chase
[12:53] {Threei} I don't get it
[12:53] {Threei} if you missed the trigger, why do you enter thatmuch higher?
[12:53] {Les} grabbed .07 and went for it. didn't wait for pullback
[12:55] {jfjf64} double bottom
[12:55] {Threei} that would be 32 recross wirth stop under .90
[12:56] {Threei} too fast to alert
[12:58] {Threei} not a long here
[12:58] {Threei} third test is not good
[12:58] {Threei} more often is a trap
[12:59] {jfjf64} im thinkin short
[12:59] {Threei} about here... maybe
[12:59] {jfjf64} just thinkin
[13:00] {Les} vad lvs
[13:00] {jfjf64} .90
[13:00] {Les} a little consolidation for b/d?
[13:00] {Threei} no play Les... noise
[13:00] {Threei} no jf
[13:00] {Threei} either into bounce or let it go,
[13:00] {Threei} it drops so sharply into support, no way to platy breakdown
[13:00] {jfjf64} k
[13:01] {Threei} when I said about here it was .15
[13:01] {Threei} that was roughly an upper envelope
[13:01] {Threei} good sopt fo bounce short
[13:01] {Threei} with covering half into support .90
[13:01] {larisa} what stock? scrolling up 100 lines and still can not find it :)
[13:02] {Threei} BP
[13:02] {larisa} oh ok
[13:02] {shorty} lol...thanks larisa, I was wondering the same.
[13:02] {jfjf64} just mk one up
[13:02] {jfjf64} lol
[13:02] {Threei} lol
[13:02] {larisa} I do jf usually :)
[13:02] {Les} what about structure jf?
[13:03] {Les} which film?
[13:03] {Les} "he's making it up as he goes along!"
[13:03] {jfjf64} thought .90 break was S
[13:03] {jfjf64} LOL
[13:04] {Les} lvs consolidation here vad. not interesting?
[13:05] {Threei} ummm
[13:05] {Threei} yes :)
[13:05] {Les} :P
[13:05] {Les} :/
[13:06] {jfjf64} you drinkig les
[13:06] {Les} ummm
[13:06] {Les} no:)
[13:06] {larisa} drinking and thinking about World piece and setup structure :)
[13:07] {Threei} world piece?
[13:07] {Les} oh you just quieten up missy
[13:07] {nemo} Oh of those goodness and light types
[13:07] {Threei} which piece?
[13:07] {RonS} Obama Calls Gaza Situation ‘Unsustainable,’ Announces Aid Plan
[13:07] {nemo} knew it
[13:07] {Les} no stopping bp
[13:08] {larisa} best piece :)
[13:08] {Les} vad, slw 19 b/d if holding .10?
[13:08] {RonS} ...the guy really is outrageous
[13:08] {nemo} Oh jeeez....that's so tempting
[13:08] {Les} what piece do you want nemo?
[13:09] {Threei} ICXT Wins $11M contract (6.50, -0.04, -0.61%)
[13:09] {shorty} People from Vancouver and area. I have never been to Capilano bridge, how hard is it to fall from there? I mean without trying.
[13:09] {nemo} No Les...I'm steering clear of that cliff
[13:09] {nemo} Vad won't appreciate the editing
[13:09] {Les} :O
[13:10] {Threei} SLW, nah
[13:10] {Threei} I'd say, next to impossible without trying, shorty
[13:10] {Les} ok
[13:10] {shorty} thanks Threei.
[13:10] {Threei} of course you can climb over railing
[13:11] {Threei} or jump
[13:11] {Threei} or be thrown over
[13:11] {Threei} but simply lean over and fall - no way
[13:11] {shorty} Sad story.
[13:11] {Les} had a neighbour do that
[13:12] {Les} my stepfather
[13:12] {Les} aunt
[13:12] {Les} too many people not happy with this life
[13:12] {larisa} you serious les?
[13:12] {shorty} I am always optimistic
[13:13] {Threei} as if there is an array of others to select from
[13:13] {shorty} lol
[13:14] {RonS} see any setup w/ wynn, 3i?
[13:14] {Threei} if I have a choice, I pick a shaman on Big Island of Hawaii 300 years ago
[13:14] {Threei} WYNN is interesting... a bit too thin
[13:14] {Threei} look spread
[13:14] {Threei} volatility can be a killer on it
[13:15] {nemo} SPY has that ramp up the 200 ma look
[13:15] {larisa} wynn, good hotel, staying there next time :)
[13:15] {nemo} longs might be coming back
[13:15] {Threei} but other than that, some consolidation followed by .50 break is tempting
[13:15] {Threei} artifical lake show is a killer in LV Wynn larisa
[13:16] {larisa} I know, I just did not stay in Wynn
[13:16] {jfjf64} spa real nice
[13:16] {RonS} ...especially from a suite on the upper floors
[13:16] {larisa} lol
[13:17] {Threei} think about it... you have all the bananas and coconuts you want, plenty of fish others catch for you, and when some poor bloke violates one of multiple taboos you install, you get to eat him too
[13:17] {Threei} plus natural beauty around
[13:18] {jfjf64} what ya drinkin vad
[13:18] {Threei} [13:14] {Threei} if I have a choice, I pick a shaman on Big Island of Hawaii 300 years ago
[13:18] {RonS} ...was there last week 3i. A lot of slaves busted their rears to put all that lava rock around...
[13:18] {shorty} And then the white man comes Threei.
[13:18] {Threei} yeah
[13:19] {Threei} WYNN works like charm
[13:19] {jfjf64} lol
[13:19] {Threei} that's OK shorty, since my choice is at least 300 years ago, I'd manage to eat some of those too
[13:19] {jfjf64} what was entry
[13:19] {RonS} ...don't believe that liberal tripe shorty. Mankind has always killed each other regardless...
[13:19] {shorty} lol
[13:19] {Threei} 13:15] {Threei} but other than that, some consolidation followed by .50 break is tempting
[13:20] {jfjf64} hmmmm
[13:20] {RonS} did not consolidate enough for me...
[13:20] {Threei} no
[13:20] {Threei} thin , thus volatile
[13:20] {larisa} and break was not tempting enough
[13:21] {Threei} sigh
[13:21] {larisa} lol
[13:21] {jfjf64} structure les
[13:21] {Threei} you all find your own
[13:21] {Les} you drinking JF?
[13:21] {Threei} I found what, about 6 or 7 today?
[13:21] {jfjf64} not yet
[13:21] {Threei} I am off to my hawaii 300 years ago, you trade
[13:22] {shorty} Try surfing Threei, it's fun and you would be in the history books.
[13:22] {nemo} yep...spy's ramped off the 200 a bit
[13:22] {RonS} become a hula dancer...
[13:22] {Threei} and if my minions catch some stock traders, I prmise to eat him last
[13:22] {nemo} oh shit...the visual on that one
[13:22] {larisa} BP
[13:22] {larisa} crazy pace
[13:22] {shorty} lol nemo
[13:23] {nemo} Oh damn...just thought of Vad in ballet class....
[13:23] {RonS} would 3i surfing be a whale on a board? offense...
[13:23] {nemo} jf....time to eat the Sig
[13:24] {RonS} :D
[13:24] {shorty} He would be shark bait.
[13:24] {Threei} how the hell did I become the butt of your (questionable) jokes today??
[13:25] {RonS} brought up the time machine thinking...
[13:25] {nemo} Not quite the same thing, Vad's actually a solid fellow, but I've been at the beach watching rather large people swim, and thought, "They make good shark bait, do I really want to be anywhere near them?"
[13:25] {RonS} lol
[13:25] {RonS} Sherman's Lagoon
[13:25] {nemo} It's like watchin walruses roll over on the sandbar
[13:25] {jfjf64} nemo tm to eat the sig
[13:25] {Threei} I lost 12 poinds over last month or so, so you all shut up
[13:25] {RonS} congrats
[13:26] {nemo} As I said, you are a solid fellow
[13:26] {shorty} I surfed 1 mile south of where that man was killed in Del Mar two years ago. I thought to myself " Ignorance is bliss"
[13:26] {jfjf64} good 4 ya vad
[13:26] {nemo} Anyway...stocks! V has to be coming into a bounce
[13:26] {nemo} 200 is at .50
[13:26] {Threei} BP feels like worst is ahead still
[13:26] {jfjf64} stocks
[13:26] {jfjf64} agree
[13:26] {nemo} oh sorry, didn't mean to disturb you're train of thought
[13:27] {jfjf64} structure or
[13:27] {nemo} volume on v last two minutes
[13:27] {nemo} small range
[13:27] {Threei} the deal with BP is, it's getting very hot emotionally
[13:27] {RonS} v...i want a break below .20 and re-cross...(channeling vad)
[13:27] {Threei} which means, normal chart paterns are not reliable
[13:27] {Threei} momo
[13:27] {RonS} nomo
[13:27] {jfjf64} see that
[13:27] {nemo} what JF
[13:28] {jfjf64} talkin 3i
[13:28] {Threei} .20 on V?
[13:28] {jfjf64} bp
[13:28] {Threei} 50 cents from here
[13:28] {Threei} see BP?
[13:28] {Threei} no triggers
[13:28] {jfjf64} sig on yas house
[13:28] {Threei} must be traded as momo
[13:29] {nemo} V dropping...I think .50 bounce area
[13:29] {Threei} all I can do on this kind is to give my read on general direction
[13:29] {nemo} of course SPY just breached 200
[13:29] {Threei} either you get a feel for them, or stay away
[13:29] {jfjf64} 1.00 from my structure trade les
[13:29] {Threei} this is magoo's specialty
[13:29] {jfjf64} 1.10
[13:30] {nemo} ah damn, mighta' bounced at .60
[13:30] {jfjf64} 1.20
[13:30] {jfjf64} 1.30
[13:30] {Les} any new news bp?
[13:30] {Threei} nope
[13:30] {nemo} Yeah, they're screwed
[13:30] {Threei} yes but he asked for "new"
[13:30] {jfjf64} emotions takin overrrrrrrrrr
[13:30] {jfjf64} agreee
[13:31] {jfjf64} 10.00 stock
[13:31] {nemo} damn, .60 was it
[13:31] {Threei} for a second
[13:31] {nemo} ?
[13:31] {magoo} i was gonna say @.90 yhat 30 coming BP
[13:31] {magoo} faast fall
[13:32] {jfjf64} mags where ya been hiding
[13:32] {nemo} under a rock
[13:32] {Les} avoiding us
[13:33] {Threei} can you blame him?
[13:33] {nemo} amazing, with this drop you can still find shares to short
[13:33] {jfjf64} notice that
[13:33] {Threei} after today I am about to styart avoiding you'll as well
[13:33] {nemo} True...why would he want to be in a room that would have him as a member?
[13:34] {Threei} with rare exceptions
[13:34] {nemo} ?
[13:34] {magoo} if IF mkts sell off BP gonna see .27 area today
[13:34] {magoo} 27
[13:34] {Threei} here comes serious optimism:
[13:34] {Threei} EU) IMF's Strauss Kahn: European crisis is not the only downside risk to global growth; affirms 2010 global growth outlook at 4.2%
[13:34] {nemo} market is selling, and V holding
[13:35] {Threei} BP bounce time if breaks .50
[13:35] {Threei} crrrrap
[13:35] {Threei} too fast again
[13:35] {nemo} yep
[13:35] {nemo} too late more like it
[13:35] {Threei} don't chase
06[13:35] * nemo slaps nemo around a bit with a large trout
[13:35] {RonS} bp...some joker is getting repeated on cnbc that says they will be gone by the end of summer...
[13:35] {nemo} oh...simmons...the Peak Oil guy
[13:36] {Threei} if got BP on slight pullback to .55, feel free to exit
[13:38] {nemo} offfer rim .60!!!
[13:38] {Threei} oh god
[13:38] {Threei} Simmons also thinks that perhaps the only way to seal the gush of oil is by doing what the Soviet Union did decades ago -- setting off a bomb deep underground so that the fiery blast will melt the surrounding rock and shut off the spill.
[13:38] {nemo} now .59
[13:39] {nemo} RIMMM
[13:39] {nemo} it's gone
[13:39] {nemo} nevermind
[13:39] {Threei} I want Simmons to say what are we to do if that bomb fractures wrong rock structure and whole oil reserouir starts gushing out
[13:40] {nemo} probably talking nuclear
[13:40] {Les} lawsuits for the next 100 years
[13:40] {larisa} and move to Russia ?
[13:40] {nemo} pre-cooked seafood
[13:40] {magoo} mkts looking very bad here
[13:40] {magoo} spy rot
[13:40] {magoo} aapl rot
[13:40] {magoo} fcx rot
[13:41] {jfjf64} market we talkin bombs
[13:41] {nemo} V strong
[13:41] {Les} lvs .50 b/d if holding .60?
[13:42] {Threei} I'd rathe tryon it on the other side, as in:
[13:42] {nemo} long .61
[13:42] {Threei} going over .60, stalling,
[13:42] {nemo} missed
[13:42] {Threei} and short on .60 new breakdown
[13:42] {Les} ok
[13:42] {Threei} yup, like this
[13:42] {jfjf64} in .59
[13:43] {Threei} stop for hardcore scalpers is .65, for normal people abpve .70
[13:43] {Threei} and for those who want big drop, .80
[13:43] {Threei} in any case, it's much better way to enter short than wait for .50 break
[13:43] {Les} yeh lvs took me for a ride this morning. payback time
[13:44] {Threei} if market established downtrend here, then this little bounce is perfect for entry
[13:44] {Threei} and if it changes, can keep much better stop
[13:46] {Threei} market doesn't die that easy
[13:46] {Threei} BP new low
[13:46] {Threei} told ya... worst was ahead still
[13:47] {shorty} crap! I covered .40
[13:47] {jfjf64} lvs
[13:47] {jfjf64} lets go
[13:48] {Threei} ugh... why did I even read that article
[13:48] {Threei} guy seriously irritates me :)
[13:49] {Threei} although to be fair, all guilt-laden "peak this peak that" folks do
[13:50] {nemo} so much for letting V come to me
[13:50] {RonS} beige book in 10
[13:52] {jfjf64} grrrr
[13:53] {jfjf64} call it day takin profit and runninnnnnnnnnnnnnn
[13:53] {Les} gj cheers JF
[13:53] {jfjf64} see ya
[13:53] {Threei} take care jf
[13:53] {jfjf64} S T R U C T U R E
[13:53] {Les} piss off and have a beer will ya
[13:54] {jfjf64} will do
[13:54] {jfjf64} will be lookin at blog later enjoy ya charts 3i
[13:55] {Threei} so,
[13:55] {Threei} want me to do two today?
[13:55] {jfjf64} lol
[13:55] {Threei} in your honor
[13:55] {jfjf64} may be les trade rmbs
[13:55] {Threei} PO) Portugal final vote approves austerity measures
[13:55] {Threei} ***Insight: Today's vote is a "line by line" review of items targeted to save 2B in order to achieve 2010 deficit to GDP ratio of 7.3%. This compares to the 2009 ratio of 9.4%.
[13:55] {Threei} - Portugal target a deficit to GDP ratio of 4.6% by 2011
[13:55] {jfjf64} ahhhhhhhh
[13:56] {Threei} no way
[13:57] {Threei} what a red candle on daily, RMBS
[13:57] {Threei} it beter get positive ruling or your neigbhor may get seriously hurt, Les
[14:00] {Les} wow
[14:06] {Threei} Home sales were lifted by tax credit in many districts; consumer spending has been concentrated on necessities; manufacturing improved gradually in districts
[14:06] {Threei} - Consumer spending improved from the previous report. Spending continued to be concentrated in necessities as opposed to discretionary big-ticket items. Retail sales increased in April and May, although several Districts noted that the gains were uneven across months
[14:06] {Threei} - Business spending increased moderately from the previous report. Cleveland, Chicago and Dallas noted that growth in manufacturers' inventories was leveling off, while Boston, Atlanta, and St. Louis reported the same for retailers' inventories
[14:07] {Threei} - Manufacturing and transportation activity continued to gradually improve across all twelve Districts. Most Districts reported further increases in factory production, shipments, and new orders, although Philadelphia and Chicago noted that the pace of gains had slowed in May.
[14:07] {Threei} - Residential real estate activity improved since the last report
[14:08] {Les} yeh I wonder if this is my friends "waterloo", where he learns defeat of buy and hold strategy?
[14:08] {Les} he feels judicial process offers so much to rmbs, but as we see, the game keeps playing without end
[14:10] {Threei} is he just an outside observer or he has some idea of what really is going on?
[14:10] {Threei} wow
[14:10] {Threei} EU) Germany Chancellor Merkel: Euro area rescue package simply 'bought time'
[14:11] {Threei} someone got brains AND balls
[14:11] {Threei} good on you Angela
[14:12] {KSystems} thats my girl
[14:13] {Les} that's disgusting K
[14:13] {Threei} lord, give me power to refrain from comments
[14:13] {Les} thats my grandma
[14:13] {nemo} deine Liebling?
[14:13] {KSystems} hey i voted for her
[14:13] {KSystems} thats all
[14:13] {Threei} whew... ok then
[14:13] {Les} riiiiiiiiiiiight
[14:13] {Les} yeh my friend is following all court proceedings etc. this is why he has conviction to hold
[14:14] {KSystems} its hard enough when theres only ONE attractive female politician in the whole country
[14:14] {KSystems} and thats not angela
[14:14] {Threei} following as in reading materials available for everyone?
[14:14] {nemo} V just puked for a second
[14:14] {Les} l rmbs .60 small
[14:17] {Threei} EU) Germany Chancellor Merkel: - Believe now is the right time to begin exit strategies.
[14:17] {Threei} already?? lol
[14:18] {Threei} New tool may help determine acid reflux disease
[14:18] {Threei} shrug
[14:19] {Threei} I have just the answer
[14:19] {Threei} everu time Greenspan is on TV, country has acid reflux disease
[14:20] {Threei} Crime of the century:
[14:20] {Threei}
[14:20] {nemo} Supertramp
[14:21] {Les} out rmbs +.11.
[14:27] {Threei} Short Setup: AIG .75 break
[14:27] {nemo} did the .86 invalidate it
[14:27] {nemo} ?
[14:28] {Threei} rather top of the bounce defined stop,
[14:28] {Threei} .90 so far,
[14:28] {Threei} and if consoldiates for a while, .80 may become new trigger
[14:33] {Threei} Short Setup: AIG .80 break
[14:33] {Threei} if stays under .90
[14:35] {Threei} BP new bout of bellyache
[14:42] {RonS} 3i, see anything w/ ffiv?
[14:43] {Threei} short...
[14:43] {Threei} smaaaallll
[14:43] {Threei} 68 break
[14:43] {nemo} yeah, helluva stop
[14:46] {Les} ffiv bouncing off the 200
[14:46] {nemo} yep
[14:47] {RonS} ffiv sm s .05
[14:48] {Threei} AIG baby
[14:48] {Les} ffiv out +.24
[14:48] {Threei} coverr half or scalp, don't know
[14:48] {shorty} :( was not shortable.
[14:48] {Threei} FFIV is a beauty
[14:48] {dino} .
[14:48] {Les} covered for scalp .70/.65 thank you
[14:48] {Les} now for lvs
[14:51] {Threei} 400M aid for Gaza
[14:51] {Les} from who?
[14:51] {Threei} guess
[14:51] {Threei} Uncle Sam has some excess money
[14:51] {nemo} Obama
[14:52] {nemo} fcx .60 b/d?
[14:52] {Threei} maybe... half lot
[14:52] {nemo} mmmhhh, tht's the gap from yesterday
[14:54] {Les} lvs come on doooooooown
[14:55] {RonS} cov ffiv .52 +.53 thxs
[14:55] {Threei} :)
[14:56] {Threei} 1:3 AIG
[14:58] {Les} cover lvs .26
[14:58] {Les} +.hmmmmmm
[14:58] {Les} 34 i think
[14:59] {Threei} all shiorts work like charm
[14:59] {Les} incredible that I managed to ruin myself this morning thinking LVS is going down
[14:59] {Les} and as you said
[14:59] {Les} shorts now work like a charm
[15:00] {Threei} look at ghe room slogan
[15:02] {Les} yeh just got on the wrong side of the market
[15:03] {Les} bounce lvs good for another short?
[15:04] {Threei} over .40
[15:04] {Threei} here, don't know
[15:08] {nemo} Vad in a tutu
[15:10] {Les} stop that I've eaten
[15:10] {Les} :D
[15:10] {Threei} huh?
[15:10] {nemo} start drinking heavily then
[15:10] {Les} I'm ther
[15:10] {Les} there
[15:11] {nemo} you're slurring your typing
[15:11] {Les} missus is away
[15:11] {Les} normally we share bottle
[15:11] {shorty}
[15:11] {Les} today I have it all to myself
[15:11] {Threei} BP total nervous breakdown
[15:12] {nemo} that's funny
[15:12] {Les} rofl shorty
[15:12] {RonS} funny shorty
[15:12] {shorty} I like it.
[15:12] {nemo} beer goggles
[15:13] {nemo} there a bottom under BP?
[15:13] {RonS} 0
[15:13] {nemo} Wow...we be negative
[15:13] {shorty} This one is for the ladies.
[15:15] {nemo} oh jeez
[15:16] {dino} 20 imo
[15:17] {shorty} dino, are looking at BP?
[15:20] {dino} not really
[15:20] {dino} but gut says 20 by end of month
[15:20] {shorty} need a momo expert
[15:21] {nemo} we retrace all the way to yesterday
[15:21] {nemo} lows
[15:22] {dino} 9757, 1770, 1042
[15:23] {Threei} aig
[15:23] {Threei} why, oh why didn't we just forget about a few shares
[15:23] {Les} where did we short it?
[15:23] {Threei} lol
[15:23] {Les} ouch .79
[15:24] {Threei} Indices give back today's gains as BP speculation weighs on stocks
[15:24] {Threei} - BP is down another 15% below $30 as chatter circulates that BP could be forced into a pre-packaged bankruptcy
[15:26] {dino} sm l ma .97
[15:34] {dino} no good stopped
[15:34] {nemo} yeah, longs a scalp today
[15:37] {dino} not a good close
[15:38] {nemo} [15:20] {nemo} we retrace all the way to yesterday
[15:38] {nemo} if not, we'll test them tomorrow
[15:40] {Threei} GOOG Google asking US and EU govts to put pressure on China on its behalf - WSJ citing sources
[15:41] {nemo} to do what
[15:41] {nemo} ?
[15:41] {Threei} stop sensoraship
[15:41] {nemo} ?
[15:41] {shorty} It's been a slice all. See you tomorrow.
[15:41] {Threei} you don't lmnow anything about GOOG-China feud?
[15:41] {nemo} sure
[15:42] {Les} ciao shorty
[15:42] {Threei} take care shorty
[15:42] {nemo} but as if China could give a rats petard
[15:42] {nemo} rat's
[15:42] {shorty} :)
[15:42] {Threei} so what is it you are asking of us?
[15:42] {Threei} it's between Google, EU, US and China
[15:42] {Threei} we are like Argentina and Mongolia from the joke
[15:43] {nemo} don't get the analogy
[15:43] {Threei} get him a drink someone
[15:43] {nemo} I've had two
[15:43] {Les} what a joke. google took BP's money to buy up search result for "oil spill".
[15:44] {Threei} why not?
[15:44] {Threei} you can buy any search words
[15:44] {Les} google wants china's money, not its bureaucracy
[15:44] {Threei} why should Google refuse BP?
[15:44] {Threei} go ahead and outbid them
[15:44] {Les} no reason, but why should google bitch about china
[15:45] {Les} their country. they do as they want
[15:47] {Threei} that's a novelty concept in the wrld where everyone thinks they can tell others how to run things
[15:49] {larisa} thats for sure, too bad that all the people who really know how to run things are busy driving taxi cabs and cutting hair and daytrading :)
[15:49] {RonS} vad killing aapl -6+
[15:50] {Les} keeping out of politicians way
[15:50] {Threei} I think she just called us armchair critics
[15:50] {Threei} I am sorry Ron... really
[15:51] {Les} I'm a noisy critical bastard on the booze and proud of it
[15:51] {Les} There larisa, that's your average australian male slob
[15:51] {Threei} I am just the opposite
[15:51] {larisa} again, do you look like Jackman?
[15:51] {Threei} I am noisy, critical and irritable when sober
[15:51] {RonS} no slobbering
[15:52] {Threei} on the booze, I am relaxed and happy
[15:52] {Les}
[15:52] {larisa} nothing like Jackman :)
[15:52] {nemo} Oh crissakes
[15:52] {RonS} lol
[15:52] {nemo} wtf
[15:52] {Les} :(
[15:53] {nemo} bend over and walk backwards, will ya'
[15:53] {RonS} but he can lick his eyebrows
[15:53] {nemo} Not important to me
[15:53] {Les} careful that's almost ten years ago
[15:53] {larisa} you look like russian les
[15:53] {Les} i refuse to age
[15:54] {RonS} rotfl
[15:54] {Les} now that's just rude
[15:54] {nemo} He looks like an ex-con
[15:54] {nemo} Oh yeah, he's from Australia
[15:54] {RonS} guy i knew had a cut like that...his nickname became "deathrow"
[15:55] {dino} common cut in usa
[15:55] {nemo} yeah, for skinheads
[15:55] {dino} no, not at all
[15:55] {dino} crew cuts and shaved heads everywhere
[15:55] {RonS} bp slipping...
[15:55] {nemo} I'm running with it Dino
[15:56] {dino} crew cut on me
[15:56] {nemo} dare you to go short Ron
[15:56] {RonS} no way
[15:56] {nemo} wussy
[15:56] {larisa} my hubby wants to shave his head, i do not let him :)
[15:56] {RonS} i least i trade $$
[15:56] {nemo} Yeah, I did that once, the ex was throwing expletives around for a week
[15:57] {RonS} lol...that's why she's ex
[15:57] {nemo} no...
[15:57] {nemo} I gave her much better reasons
[15:57] {larisa} lol
[15:58] {Threei} much more satisfied with today's trading the the beginning of the week
[16:00] {Les} alright. I need my beauty sleep
[16:00] {Les} night all
[16:00] {dino} lol, monday was my best tues below ave, today red
[16:01] {Threei} in countercycle again :)
[16:01] {Threei} thank you all
[16:01] {dino} gotta hop, tee time in 45
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {nemo} wiedersehen
[16:01] {larisa} bye all