Thursday, July 1, 2010

Jul 01 2010

Nice day, as we got a few good trades on both sides. For the Catch of the Day we have
beautiful long play on LVS reversal today, break of mini-range formed at the bottom. While chart is self-explanatory, whole play was based on general market read: reversal as opposite to breakdown. Read the comments starting from 11:04 and look at intraday SPY chart for comparison.

Session Time: Thu Jul 01 00:00:00 2010

[07:54] {strider} .
[08:10] {hawk} good morning
[08:27] {Threei}  good morning
[08:28] {rdw09} Good morning
[08:28] {Threei}  rdw :)
[08:28] {Threei}  (US) Preview: Weekly Initial Jobless Claims due at 08:30 ET (12:30 GMT)
[08:28] {Threei}  **Consensus expectations:
[08:28] {Threei}  - Initial claims expected at 455Ke v prior week's 457K (estimates range from 440K to 475K)
[08:28] {Threei}  - Continuing claims seen at 4.55Me v prior week at 4.548M (range seen from 4.45M to 4.57M)
[08:29] {Threei}  (US) Former Fed Chairman Greenspan: This is not a normal economic recovery
[08:29] {Threei}  - Believes current conditions are a typical pause in recovery
[08:29] {Threei}  - Believes banks and high wealth individuals are driving recovery, small business is not carrying the recovery.
[08:29] {Les} lol
[08:29] {Threei}  this guy irritates me even when he says right things
[08:30] {Les} afternoon
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 472K V 455KE
[08:30] {Threei}  Les :)
[08:30] {Threei}  CONTINUING CLAIMS: 4.616M V 4.55ME
[08:31] {Threei}  Prior initial claims revised higher from 457K to 459K
[08:31] {Threei}  - Prior continuing claims revised higher from 4.548M to 4.573M
[08:31] {Threei}  oh boy
[08:35] {Threei}  BP, what's up
[08:36] {hawk} no idea, but in from .31
[08:36] {Threei}  :)
[08:37] {Les} sweet entry. perhaps takeover talk
[08:37] {Threei}  topping
[08:37] {hawk} out
[08:37] {Threei}  takeover talk seems total bs to me
[08:37] {hawk} just took off after the numbers
[08:38] {Threei}  who needs undetermined liabilities,
[08:38] {Threei}  and who would allow BP to sell itself without meting those
[08:38] {strider} GYRO
[08:38] {strider} :)
[08:39] {hawk} DNDN taken to the woodshed
[08:39] {Threei}  Gyrodine of America Court of Claims Issues Favorable Opinion in Condemnation Litigation; court awards $98.7M
[08:39] {Threei}  - A Longreal estate investment trust, announced today that the Court of Claims of the State of New issued an opinion requiring the State to pay to Gyrodyne an additional $98,685,000 for land appropriated in 2005.
[08:54] {Les} BP serious
[09:01] {hawk} seriously
[09:02] {dptl} good morning
[09:02] {Threei}  dp :)
[09:03] {dino} gm all
[09:03] {Threei}  dino :)
[09:04] {dino} surprised you hosers are here on canada day :D
[09:05] {Threei}  really
[09:05] {dino} lol
[09:05] {Threei}  well, I'll leave 30 min early to catch a celebration
[09:05] {dino} enjoy
[09:06] {hawk} wearing my touk in tribute
[09:07] {Threei}  lol
[09:13] {dino} dndn
[09:13] {Threei}  yeah... your client
[09:14] {jfjf64} mornin
[09:15] {Threei}  jf :)
[09:18] {nemo} battle zone 30 area bp
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:23] {larisa} vad :)
[09:23] {Threei}  5 white Ravens spotted on Vancouver Island
[09:24] {lasertrev} morning
[09:24] {Threei}  trev :)
[09:24] {bellowsbunch} gm
[09:24] {Threei}  bellows :)
[09:26] {Raven} {}
[09:27] {nemo} oh great, raven glyphs
[09:27] {Threei}  thought you'd get interested
[09:27] {Raven} hmmmmm'
[09:27] {Raven} cross dressers?
[09:27] {Threei}
[09:28] {nemo} obviously not your progeny
[09:29] {Threei}  watching LVS, BP, DNDN
[09:33] {Threei} Long Setup:  LVS  .20 break if holding .10
[09:34] {Threei}  hesitated about DNDN .50 break... too bad
[09:34] {Threei}  LVS 1:1
[09:34] {Threei}  half out
[09:34] {Threei}  1:2
[09:34] {Threei}  1/4 more out
[09:34] {Threei}  stop to b/e
[09:35] {dino} hl l whr .16
[09:36] {Threei}  DNDN
[09:36] {Threei}  all the way back
[09:36] {Threei}  smallish shares long .65
[09:36] {dino} whr stopped -.30
[09:36] {Threei}  if holding .50
[09:37] {Threei}  1:1
[09:37] {dino} ctrp hl l .89
[09:37] {Threei}  LVS over 1:3
[09:37] {Threei}  1:4, out
[09:37] {rdw09} ty threei LVS + .19
[09:37] {Threei}  DNDN 1:3, full out
[09:37] {Threei}  rdw :)
[09:38] {Threei}  wow, almost dollar move DNDN
[09:39] {dino} wtfg
[09:39] {Threei}  ty
[09:39] {Threei}  Canada day you know... national pride
[09:39] {jfjf64} wtfg
[09:39] {dino} lol
[09:39] {Threei}  lol
[09:40] {bellowsbunch} dndn you in?
[09:40] {jfjf64} fishing soon
[09:40] {Threei}  09:37] {Threei} DNDN 1:3, full out
[09:42] {dino} metal/mining move clf, fcx
[09:42] {Threei}  LVS pulling back
[09:42] {Threei}  watching for secondary entry
[09:42] {Threei}  ideally, drop to about .15 - .20
[09:42] {jfjf64} do  ya  magic 3i
[09:42] {nemo} 200 just under 35
[09:42] {nemo} .35
06[09:43] * Threei waves his magic wand
[09:43] {jfjf64} go  mt
[09:43] {Threei}  oops... major immigration reform spech next hour... I swear this is not what I waved that wand for, jf
[09:43] {dino} ctrp stopped. break time
[09:44] {nemo} lvs .33 offer
[09:44] {nemo} huge
[09:44] {jfjf64} lvs
[09:44] {Threei}  here it comes
[09:44] {jfjf64} comon baby
[09:44] {dino} whr sm l .00
[09:44] {Threei}  lol, jumped off .17
[09:44] {Threei}  how's that for precision
[09:45] {jfjf64} missed
[09:45] {jfjf64} ya in
[09:45] {Threei}  me too
[09:45] {Threei}  no
[09:45] {nemo} on my chart right off .15
[09:45] {Threei}  .15 was out of bounds print
[09:45] {nemo} oh
[09:45] {Threei}  actual level 2 bottom was .17
[09:45] {jfjf64} still live
[09:45] {Les} lvs
[09:46] {ese} good morning...slept in.....had a show to play last night
[09:46] {Threei}  ese :)
[09:46] {nemo} frickin' musicians
[09:46] {jfjf64} mornin ese
[09:46] {Threei}  - Chatter circulating of a 'weaker'than expected ISM Manufacturing data out of the US. Analyst estimates at 59.0e v 59.7 prior
[09:46] {Threei}  US) Preview: June ISM Manufacturing Index due out at 10:00ET
[09:46] {Threei}  **consensus expectation:
[09:46] {Threei}  - ISM Manufacturing: 59.0e v 59.7 prior
[09:47] {Threei}  US) Preview: May Pending Home Sales due out at 10:00ET
[09:47] {Threei}  **Consensus expectations (m/m): -14.2%e v +6.0% prior
[09:47] {nemo} get ready to kick off orders in faz and tza :)
[09:47] {jfjf64} lvs still on
[09:47] {Threei} Long Setup:  LVS  .25 if holding .15
[09:47] {Threei}  just a scalp most likely
[09:49] {Threei}  invalidated
[09:49] {dino} rimm gap fill, nemo?
[09:50] {Threei}  hey, here comes jobs recovery:
[09:50] {Threei}  MS Plans to hire 100 new bankers for the private banking division (update)
[09:50] {Threei}  - Firm may seek another 400 bankers by the end of 2011
[09:50] {dino} dino crazy prediction, msft cx'd kin, will now try to buy rimm
[09:51] {Threei}  kin?
[09:51] {dino} their new phone
[09:51] {Threei}  oh
[09:51] {Les} rimm!
[09:51] {Les} death
[09:52] {Threei}  Recent emerging market data suggests some cracks in the BRIC wall
[09:52] {Threei}  - The conventional wisdom in the first half of 2010 has been that global economic recovery will be led by emerging economies, as the developed world more slowly crawls out of the ditch of its various financial crises. However, cracks appeared in this argument this week, as poor data showed that trouble with the recovery in the developed world is certainly carrying over into emerging market economies.
[09:52] {Threei}  - On Tuesday the US-based Conference Board adjusted its April China Leading Indicator to 0.3% from 1.7% prior, citing a calculation error. The move contributed to panic selling in global equity markets that day. Then the China June Manufacturing PMI data released on Wednesday came in at a four-month low, missing expectations. The key new orders and employment sub indices showed notable sequential declines. Following the data, the China Stats Bureau stated that China's export outlook is grim and warned that the PMI data reflected the slow global recovery
[09:53] {Threei}  - In Brazil, today's May industrial production index was flat, missing expectations of +1.5%.
[09:53] {Threei}  Australia, whose economy is driven mainly by commodity demand from Asia's emerging economies, reported some dicey data. The Australia May building approvals declined more than 6% over April levels, while May retail sales fell to a three-month low.
[09:54] {Threei}  On Wednesday Taiwan's June Manufacturing PMI data dropped considerably over the May figure. India's June Markit Manufacturing PMI reading also declined from the May figure.
[09:54] {Threei}  Finally there is the Baltic Dry Index, a key metric of global trade: today the index fell 2.3% to 2,351 points, extending to 25 days its longest decline since August 2005.
[09:55] {nemo} lvs db?
[09:55] {jfjf64} lvs vad
[09:55] {nemo} jf look
[09:55] {Threei}  nope
[09:55] {Threei}  doesn't look right to me
[09:56] {jfjf64} nice look
[09:57] {dino} #s in 3 min
[09:57] {nemo} coffee time
[09:57] {Threei}  let's wait numbers out
[09:57] {Threei}  two sets
[09:57] {jfjf64} sounds  good
[09:58] {jfjf64} like  structure
[10:00] {Threei}  *(US) MAY PENDING HOME SALES (M/M): -15.6% V -14.2%E
[10:00] {Threei}  yuck
[10:00] {Threei}  *(US) MAY CONSTRUCTION SPENDING (M/M): -0.2% V -0.8%E
[10:00] {Threei}  US) JUNE ISM MANUFACTURING: 56.2 V 59.0E
[10:00] {Threei}  yuck
[10:00] {nemo} my software frozen
[10:00] {jfjf64} gettin  hit
[10:00] {nemo} locked up
[10:01] {jfjf64} aapl
[10:01] {Threei}  fine here
[10:01] {nemo} just came back
[10:01] {Threei}  your computer is wanting
[10:01] {nemo} but staccato
[10:02] {dino} qcom at march '09 level
[10:02] {Threei}  PRICES PAID: 57 V 70E
[10:02] {Threei}  can you say deflation?
[10:03] {Threei}  US) MAY PENDING HOME SALES (M/M): -30% V -14.2%E; (Y/Y): -15.6% V +24.6% PRIOR
[10:03] {dino} d e f l a t i o n ; yes
[10:03] {Threei}  can you say stimulus end, and wasted? no recovery on its own, just digesting money injected
[10:04] {Threei}  frikin keynesian imbeciles
[10:04] {jfjf64} 100p%%
[10:04] {Threei}  OK, LVS
[10:04] {Threei}  almost time
[10:04] {Threei}  pullback under .60 for long entry
[10:04] {Threei}  if holding .50
[10:05] {dino} hl l qcom .50
[10:05] {Threei}  .60 recross
[10:05] {dino} meli sm l .01
[10:05] {Threei}  stop under .50
[10:05] {dino} ups, fdx green
[10:06] {Threei}  should be good for 1:2 at least
[10:06] {dino} itri sm l .45
[10:07] {jfjf64} ty
[10:07] {jfjf64} magic man
[10:08] {dino} ctrp sm l .41
[10:08] {Threei}  1:1
[10:08] {Threei}  half out
[10:08] {Threei}  scalpers are scalpers
[10:11] {Threei}  scalpers win
[10:12] {nemo} s rim .49
[10:13] {nemo} I'm having real computer problems.
[10:13] {Threei}  need quotes?
[10:14] {Threei}  .28 RIMM
[10:14] {nemo} nah, covered .35 and .25 gonna reboot
[10:14] {Threei}  .25
[10:14] {Threei}  OK
[10:14] {jfjf64} cof
[10:14] {Threei}  LVS .50 break deserved short...
[10:14] {dino} stopped meli -.30
[10:15] {dino} stopped ctrp -.20
[10:15] {Les} let's grab the next bounce. I am totally out of sync today. need a score
[10:15] {dino} stop itri -.05
[10:15] {dino} gut says capit coming
[10:17] {Les} bp rig holding up well
[10:18] {dino} whr -20 pts in 9 days
[10:22] {dino} meli sm l .50
[10:22] {dino} itri sm l .09
[10:23] {jfjf64} bp
[10:23] {nemo} that was scary
[10:23] {Les} that was frickin frustrating
[10:23] {nemo} what?
[10:24] {Les} missing entries
[10:24] {dino} ctrp sm l .11
[10:24] {nemo} what I miss?
[10:24] {Les} me missing the entries
[10:27] {Threei} Long Setup:  LVS  .30 break if holding .20
[10:28] {Threei}  let's trail to under .25, was close enough to 1:1
[10:29] {Threei}  want to limit risk in case we get another sharp market drop
[10:31] {Threei}  out
[10:33] {Threei}  BP...
[10:34] {nemo} fcx short?
[10:34] {Threei}  holding just under 27 resistance well while market drops
[10:34] {Threei}  probably woprth a shot long
[10:34] {Threei}  if holding .90
[10:34] {Threei}  FCX, .10 break was... not here
[10:35] {nemo} yep
[10:35] {dptl} 30? bp
[10:35] {Threei}  lol, yes
[10:35] {Threei}  looking at may stocks at once
[10:35] {nemo} quite the battle at 58 on whoa
[10:35] {dptl} l 30 bp
[10:35] {nemo} was gonna say lose 58 sayonara
[10:36] {nemo} fcx that is
[10:36] {dptl} stopped
[10:36] {Les} that's it for me for the day
[10:36] {nemo} getting slammed les?
[10:37] {Les} yep
[10:37] {Les} realised that I needed to loosen up on entry/exit limits with such market speed but too late now
[10:38] {Les} and some stupid chasing just too top it off
[10:38] {nemo} chasing in vaseline?
[10:38] {Threei}  why do you waste your papertrading experience?
[10:39] {Threei}  how many times we spoke of your questionable entries way above the trigger
[10:39] {Threei}  that is supposed to be training wheels stage
[10:39] {Threei}  where you lick out errors
[10:41] {hawk} bp?
[10:41] {nemo} wtf
[10:41] {nemo} bp
[10:42] {Threei}  BP Starts negotiations with an oil firm in China with regards to a stake in Argentina - Sky news
[10:42] {Threei}  assets sale...
[10:43] {Les} ok I'm still here
[10:44] {Les} don't want to miss possible afternoon rally. make amends
[10:45] {Threei}  AMAP IPO opens for trade at $13.00
[10:45] {nemo} oh...speaking of, how's tsla doing?
[10:47] {dino} whr hl .25 l
[10:49] {Les} ty dino out whr +.47
[10:50] {dino} finally hit one
[10:50] {Les} aaaaaaw maaaaaan
[10:50] {dino} out whr .99, +.74
[10:53] {larisa} wth, robin just slammed into my window and died :(
[10:54] {Les} no little birdy stickers on your window?
[10:55] {dino} bummer
[10:55] {dino} your windows are too clean
[10:55] {larisa} I guess windows are too clean, birds are crazy  this time of year. Love is in the air
[10:55] {larisa} lol dino
[10:55] {dino} les, whr\
[10:56] {Les} will follow it. 100 shares only today
[10:59] {nemo} look to short fcx .50 area?
[11:00] {Threei}  can't tell
[11:00] {nemo} not sure it will get there ;)
[11:01] {dino} since june 21st, dji -9%; ndx -12%, s/p -10.5%. pretty big drop for 8.5 trade days
[11:02] {Les} haven't even heard tomorrows bad unemployment report yet
[11:02] {nemo} that's probably baked in after today
[11:02] {Les} or perhaps the market has already worked it out
[11:02] {Les} right nemo
[11:03] {nemo} awww shit...Les agreed with me...
[11:03] {Les} sometimes you are a miracle of clarity
[11:03] {nemo} you like the divergences on fcx lari?
[11:04] {Threei}  IMO... market bounce time
[11:04] {larisa} sorry nemo, I am in another app right now, testing automated system in real time, do not see my indicators
[11:05] {nemo} another algo in the making
[11:06] {Les} lvs .90 if holding .80?
[11:06] {larisa} another idiot trying to make her life easier, living on the beach while comp makes her money :)
[11:06] {Threei}  yes Les
[11:06] {dino} gl
[11:06] {nemo} could be worse
[11:07] {Threei}  invalidated though
[11:07] {nemo} 3rd test fcx 57 area
[11:07] {Threei}  PAH3.GE Reportrs June US sales 2,141 v 902 y/y
[11:08] {Threei}  what recession?
[11:08] {Threei}  people are buying Porsches
[11:08] {Les} Bernanke was right
[11:10] {dino} new lows coming
[11:10] {Threei}  feels like headfake to me
[11:10] {nemo} yeah
[11:10] {dino} hmm maybe not
[11:10] {Threei}  threatening new lows only to snap right back up
[11:10] {nemo} this is about the time we head into the meandering market
[11:11] {nemo} fcx broke to new lows though
[11:12] {Threei} Long Setup:  LVS  .90 break
[11:12] {Threei}  if not losing .80 anymore
[11:12] {dino} sm l whr .30
[11:12] {dino} rimm sm l .15
[11:13] {nemo} I'm seeing that short dino, what's your stop?
[11:13] {dino} scanners hilighting lots of 52 week lows
[11:13] {dino} 33 cents
[11:13] {nemo} that may happen every day for awhile :)
[11:14] {dino} tsla drop
[11:14] {jfjf64} hmm
[11:14] {Threei}  you do know who is on TV, right?
[11:14] {nemo} Lady Gaga
[11:15] {jfjf64} brother
[11:15] {Les} Pamela Anderson
[11:15] {Threei}  umm... I don't even want to say "we wish"
[11:15] {nemo} no, she skeeves me
[11:15] {dino} mickey mouse
[11:15] {nemo} inr
[11:15] {Threei}  LVS is not a scalp IMO
[11:16] {Threei}  EU) ECB's Stark: Europe is not in a euro crisis, although there has been a loss of confidence in public finances
[11:17] {Threei}  my eventual target is about 21.30, with partials alng the way
[11:17] {jfjf64} vol coming in
[11:18] {Threei}  1:1
[11:18] {nemo} I scalped, thanks
[11:18] {Threei}  sure
[11:18] {jfjf64} half  out ty
[11:19] {Les} WHR out +.58 for 200.
[11:19] {dino} out whr .20,
[11:19] {jfjf64} wtg
[11:19] {dino} +.90
[11:19] {dino} tsla blood
[11:19] {dino} ty jf
[11:20] {Threei}  half out LVS here
[11:20] {Les} I screwed up today, but I didn't climb aboard TSLA at 30
[11:21] {ese} Is there anyone on this board who is comfortable at assessing volume?   Give me your take on NVDA      am thinking committing long money here
[11:21] {ese} Long term hold money......
[11:22] {nemo} how long term are you talking?
[11:22] {nemo} we don't use those words around here
[11:22] {ese} till about 23 bucks a share
[11:22] {nemo} when did you get in?
[11:22] {ese} i know......swear word
[11:22] {dino} wow, long term, ugh in this administration
[11:23] {ese} haven't gotten in.....
[11:23] {ese} been and out
[11:23] {ese} in and out
[11:23] {Les} half out 21 another quarter .10 ty vad
[11:23] {dino} safer imo
[11:23] {nemo} I don't see anything that says get in now
[11:23] {jfjf64} lvs
[11:23] {jfjf64} yeahhhhhhhhhhhhhhhhhh
[11:23] {nemo} TNA C&H Vad
[11:24] {nemo} ?
[11:24] {nemo} oy big spread
[11:24] {Threei}  1/4 more out LVS
[11:24] {Threei}  .18
[11:24] {ese} true nemo....just startin to think about minimum would like to see daily 50ma flatten out
[11:24] {Threei}  offering last portion .29
[11:25] {Threei}  probably nemo...
[11:25] {Les} all out .24
[11:25] {Les} ty vad, I can breath again
[11:25] {nemo} yeah, it went
[11:25] {Threei}  Les... welcome, but...
[11:25] {jfjf64} all out .24
[11:25] {nemo} Vad, LVS could go to .40
[11:25] {jfjf64} that was wonderful
[11:25] {jfjf64} hat off to ya 3i
06[11:26] * Threei takes a bow
[11:26] {Threei}  headfake read was perfect
[11:26] {Threei}  [11:10] {Threei} threatening new lows only to snap right back up
[11:26] {Threei}  superimpose the time of the comment on SPY chart
[11:27] {jfjf64} 3i takes another  bow
[11:27] {Threei}  last target hit LVS
[11:27] {Threei}  merrily out
[11:27] {jfjf64} crowd  goes  crazy
[11:27] {dino} cedc hl l .50
[11:27] {jfjf64} omg
[11:27] {gregns} ty
[11:27] {nemo} quite the groupie there jf
[11:28] {nemo} here comes .40
[11:28] {nemo} next target .60
[11:28] {Threei}  as a groupie he has one huge disadvantage...
[11:28] {nemo} male
[11:28] {Threei}  yeah :)
[11:28] {jfjf64} been called worse
[11:28] {Les} tried the grey goose yesterday
[11:29] {Les} a vodka is a vodka is a vodka
[11:29] {nemo} your out of your f______ mind!
[11:29] {dino} out rimm .65, +.50
[11:29] {Threei}  did you freeze the hell out of it or what
[11:29] {jfjf64} les is a les is a les is ales
[11:30] {jfjf64} lol
[11:30] {nemo} speaking of Grey Goose...
[11:30] {Les} I'll stick the bas armagnac and single malt
[11:30] {jfjf64} i prefer stoli
[11:30] {Les} do you put vodka in fridge?
[11:30] {dino} got rinsed on a few today
[11:30] {jfjf64} freezer
[11:30] {Les} ?
[11:31] {dino} i keep mine in freezer
[11:31] {nemo} put the vodka in the freezer les
[11:31] {Les} ok will try it
[11:31] {jfjf64} fresh lemon
[11:31] {ese} huh????  vodka in the freezer
[11:31] {jfjf64} yummy
[11:31] {dptl} lol....:)
[11:31] {ese} are you talkin Lemon cello
[11:32] {Threei}  IMO... vodka needs freezer only when it's crappy vodka
[11:32] {ese} that goes in the frezzer
[11:32] {jfjf64} na
[11:32] {Threei}  good vodka - chill, don't freeze
[11:32] {jfjf64} lk lemon cello
[11:32] {Les} I just can't get the oily flavour of vodka. not when it is warm anyway
[11:32] {nemo} oily?
[11:32] {dino} ?
[11:32] {Les} will try fridge first then
[11:32] {nemo} Vad, LVS on it's way to .60
[11:32] {ese} ?
[11:32] {dino} dry taste imo
[11:33] {jfjf64} what does a russian no bout  vodka
[11:33] {Les} can't describe texture any other way
[11:33] {Threei}  no idea nemo, my read on it is over
[11:33] {nemo} I just had a shot, and oily...nahhh
[11:33] {dino} but i must admit, i prefer a good tequilla, such as cabo or petrone
[11:33] {ese} ouuuuuuuu.....dp and vad are gonna getcha for that one
[11:33] {jfjf64} we talkin vodka nemo
[11:33] {nemo} yep
[11:34] {jfjf64} when is anually company picnic 3i
[11:34] {nemo} saturday
[11:34] {Les} index's consolidating for another possible run
[11:35] {Les} both at vwap
[11:35] {nemo} here comes .60 Vad
[11:35] {Threei}  thi Sat, jf
[11:35] {jfjf64} ya called it nemo
[11:35] {nemo} gave me .59
[11:35] {jfjf64} how come i wasnt invited
[11:35] {nemo} oh well
[11:35] {nemo} because you are you jf
[11:36] {Threei}  I annnounced here in the room...
[11:36] {Threei}  kind of open invitation
[11:36] {Threei}  now, if you were female groupie of mine, I'd extened it to persional invitation
[11:36] {Les} Europe down hard at closing
[11:39] {nemo} private lessons 3i?
[11:39] {Threei}  made myself listen to the speech for 3 min
[11:39] {ese} interesting mrkt reversal
[11:39] {Threei}  as fra as I can tell, case is being made for some variation od amnesty
[11:39] {Threei}  of
[11:39] {jfjf64} lvs
[11:40] {nemo} hit my .60 :)
[11:44] {dino} cedc to .74
[11:44] {Les} so vad, I had great trouble getting entry onto the opening trades
[11:44] {Threei}  how did you send orders?
[11:44] {Les} setting a limit of the break was not working for me
[11:44] {Les} limit
[11:45] {Threei}  limit at what price and what route used?
[11:45] {nemo} was your break, right at the break?
[11:45] {Les} nasdaq
[11:45] {Les} the usual price
[11:45] {dino} to .84
[11:45] {Les} +.01
[11:45] {Threei}  if the call was 20 break, what was yor limit price?
[11:45] {Les} .21
[11:45] {nemo} that's the problem
[11:45] {Threei}  1 cent is rarely enough
[11:46] {Les} saw that todayy
[11:46] {dino} make it .89, cedc
[11:46] {Threei}  give it 2-3 unless all you go for is 5 cents scalp
[11:46] {Threei}  if there are shares at +.01 you'll get them
[11:47] {Les} do we reduce size when chasing 2 - 3 cents?
[11:47] {Les} cause 1:1 is now significantly smaller
[11:47] {Threei}  depends on your risk tolerance
[11:47] {dino} to .95
[11:47] {Les} but stop much larger
[11:48] {Les} ok
[11:48] {Threei}  significantly smaller and much larger is discretionary... to me, couple cents don't change things much
[11:48] {Threei}  again, unless I go for scalp type I
[11:49] {Threei}  then yes, % change is too large
[11:49] {dino} out cedc slippage ave .92, +.42, puts me in the black after horrible start
[11:49] {Threei}  wtg dino
[11:50] {dino} lol, lucky
[11:50] {dino} ctrp to flat
[11:51] {Threei}  hey guys
[11:51] {Threei}
[11:51] {Threei}  you'll find me in there
[11:51] {Threei}  (not sure you want to but...)
[11:54] {larisa} does not work for me
[11:56] {dino} out ctrp .31, +.20
[12:01] {dptl} kss .40short?
[12:02] {nemo} amazing how down the market is with the walloping the $ took
[12:02] {Les} $POG too. bizarre
[12:05] {Threei}  not sure dp
[12:05] {dptl} ok
[12:09] {hawk} BP round trippin
[12:16] {Les} vad if STT returns to trigger, long entry?
[12:17] {Les} or this will fizzle out
[12:17] {Threei}  really can't tell
[12:18] {Threei}  look how market loast drive
[12:18] {Threei}  no rhythm
[12:18] {Threei}  this is that jellyfish time, when things drift aimlessly
[12:18] {Threei}  and you are bound to get stopped or profit at random
[12:18] {Les} yeh
[12:19] {Threei}  you dug yourself out of the hole,
[12:19] {Threei}  trust me:
[12:20] {Threei}  push now for more, and you will find yourself right back in it
[12:20] {Threei}  then you'll push again to dig out again, and will deepen it to twice the depth
[12:20] {nemo}  yeah, but then we can go fill the hole in with him in it
[12:21] {Les} hmmm
[12:22] {dino} but as a vampire it is no problem
[12:22] {nemo} not sure about that dino
[12:22] {dino} we sleep in the dirt
[12:22] {Threei}  well, as far as I know nemo, he will stand on the grave with wooden stake in hand
[12:22] {Threei}  waiting for resurrection
[12:23] {dino} hmmmm, tinking buffey the vampire slayer
[12:23] {Threei}  nemo is nowhere that pretty
[12:23] {dino} of course not, was hoping for buffey
[12:24] {Les} I was thinking uma thurman
[12:24] {Les} smashing her way out of grave in Kill Bill
[12:24] {dino} kill bill
[12:24] {Threei}  and all y'all got instead was another president TV appearance
[12:24] {Threei}  GR) Reportedly Greek labor union calls for another 24 hour strike on July 8
[12:25] {Les} god bless em. guaranteed to ruin the monetary union and persuade military to take power again
[12:28] {hawk} DNDN worth watching imo
[12:29] {nemo} alright, it's after lunch I can....
[12:29] {nemo} oh, forgot...already did
[12:30] {Les} way ahead of ya
[12:32] {Threei}  Mazda: May raise vehicle prices and cut incentives in Europe in order to offset decline in EUR - Nikkei news
[12:34] {ese} L nvda .19
[12:34] {Les} DNDN testing last MA resistance before clear sky to 30.40
[12:34] {dino} sm l itri .60
[12:34] {ese} swing trade....not long term
[12:35] {dino} gs spike
[12:37] {Les} l dndn .23 small
[12:38] {Threei}  did that video work\ for you guys?
[12:38] {Les} yeh cool beans
[12:39] {hawk} yes, saw you shaking your fist at your onlookers ;)
[12:39] {Les} that was nemo
[12:39] {nemo} wasn't there
[12:40] {Les} well you don't have to spoil the amusing visual
[12:40] {Threei}  that's my normal method of teaching hawk, light mode - meaning, no 2x4
[12:41] {hawk} lol, no army boots either?
[12:41] {Threei}  yup... very light
[12:41] {Threei}  tropics, ya know...
[12:41] {Threei}  relxed
[12:41] {Les} out dndn +.26
[12:41] {nemo} so much for meandering
[12:42] {Les} like to see dndn pullback
[12:43] {dino} hmmm
[12:44] {Les} whr - sick price movement
[12:44] {dino} yeah, pulp type
[12:44] {ese} out nvda .34
[12:45] {ese} +.15
[12:45] {dino} out itri .34, +.74
[12:45] {ese} moderate pos 3k......don't trust the mrkt
[12:46] {ese} hey    do you use a range finder...bushnell perhaps
[12:46] {dino} no, just my eyes and markers
[12:47] {ese} yes same here....couple of the guys i golf with sat morning do....they drive me nuts
[12:47] {dino} i couldn't putt last night, bunch of 3 putts
[12:48] {ese} have eliminated that the last 3 games or'll come back though
[12:48] {dino} it should, my putting was better than usual this year
[12:49] {dino} shot a 7 over on sunday
[12:49] {dino} normally about 12
[12:55] {Les} what's the bet? rally and green into close?
[12:56] {Threei}  this must be the most bizarre thing I've read today:
[12:56] {Threei}  Finland makes broadband access a human right
[12:57] {dino} green
[12:57] {hawk} free speech, bear arms, and...broadband access, hmmm
[12:57] {Les} prisoners must be happy to have right to cable tv...
[12:58] {dino} what do bear arms have to do w/it?
[12:58] {hawk} lol, the right to arm bears
[12:58] {nemo}'s finland
[12:59] {Les} small long dndn .53 stop below .40
[13:05] {Les} sold +.09 fearful of sudden drop here
[13:13] {Threei}  Toshiba Corporation Planning to open a factory in US for manufacturing electric vehicle motors for Ford
[13:17] {Threei}  US) IEA Chief: If US drilling ban lasts longer than six months, idle rigs should be moved to other countries to discover oil
[13:18] {Les} lol can u take a hint Obama?
[13:18] {Threei}  how come we haven't heard of flying bans after plane crash
[13:18] {Les} cause that'd pi&& off the electorate
[13:19] {Les} Obama can play tough guy with bad people associated with Republican administration
[13:20] {Threei}  if I hear once again "it's all inherited problem"...
[13:21] {Les} that'll be marked on Obama tombstone
[13:22] {Les} obama's
[13:22] {Threei}  after all, you sold yourself as "I know what to do" guy, not "Things are screwed up so badly, no one can do anything"
[13:23] {Threei}  somehow you didn't try to run on this later platform
[13:23] {Les} no, that's the reelection platform
[13:25] {dino} blame game, him and his demo legislators
[13:26] {Les} they'll keep playing it as the world burns. some fascist will come along, take power and blame democracy
[13:27] {Threei}  that's hw these things usually go
[13:28] {Les} just finished watching BBC world at war and French WW2 series Apocolypse
[13:28] {Les} I see no reason we cannot repeat this experience on at least limited scale
[13:28] {Les} if govts. continue as is
[13:30] {dino} things get bad enough yes
[13:30] {ese} have yet to see that bbc series but definately want to
[13:31] {Les} given that bbc series is made in 70's is amazing
[13:31] {Les} the french series is relatively new - has incredible video footage of the war
[13:31] {ese} just rent that at a video store
[13:31] {Les} New York filmed at night through periscope of German submarine
[13:32] {ese} wow
[13:32] {Les} Japanese naval airman commiting suicide with grenade
[13:32] {Les} the Yalta agreement
[13:33] {jfjf64} lvs fillin gap
[13:35] {dino} itri sm l .02
[13:37] {Les}
[13:37] {Les} it's available stateside and amazing to watch
[13:37] {nemo} too funny....
[13:37] {Les} lot of Russian footage, a good look at stalin during the war. SOB he was
[13:46] {Threei}  mass murderer
[13:51] {dino} y
[13:53] {Threei}  there is a great book that will help understand what he was, why and how his mind functioned, Les
[13:53] {Threei}  written by Edward Radzinsky
[13:53] {Threei}  titled uninventviely: Stalin
[13:53] {Threei}  page-thruner too
[13:54] {Threei}  can't put it down
[13:55] {Les} can only see title "stalin and stalinism", not just "stalin"
[13:55] {Threei}
[13:56] {Threei}
[13:59] {Les} bought a 2nd hand copy thanks.
[13:59] {Threei}  you'll love it
[14:03] {nemo} BP
[14:04] {ese} L stx .36
[14:04] {ese} agressive entry
[14:07] {nemo} bp .28 break Vad?
[14:07] {Threei}  I doubt it
[14:07] {nemo} frickin pessimist
[14:08] {Threei}  lol
[14:08] {nemo} ;)
[14:08] {Threei}  be back in 20... I need to ponder that
[14:08] {nemo} hehehehehe
[14:08] {Threei}  possible review my whole life attitude
[14:08] {nemo} why?
[14:08] {Threei}  shouldn't be longer than 20 min
[14:08] {nemo} it got you this far....
[14:09] {Threei}  that's OK, I do it every few days
[14:09] {nemo} invalimudated
[14:09] {nemo} nevermind
[14:09] {nemo} you're attitude was right
[14:10] {nemo} support at 29 on BP
[14:10] {Les} lvs 22
[14:11] {nemo} How about BIDU break of .50 has to hold .40?
[14:11] {nemo} nevermind, dripped that
[14:11] {nemo} dropped
[14:14] {nemo} Hey Vad...we shoulda' faded that BP call :)
[14:14] {nemo} oh and of course BIDU rinsed the invalidation
[14:15] {nemo} I'm starting to feel like Les.
[14:15] {nemo} Oh...where's my gun
[14:16] {Les} pulled out an episode of world of war. Marine pacific campaign
[14:16] {ese} out stx .45
[14:16] {nemo} World at War?
[14:16] {ese} +.09
[14:17] {nemo} I remember when that was originally released in the 70's
[14:17] {ese} nice day....patience pays off
[14:17] {Les} yeh that too.
[14:17] {Les} well you really are old nemo
[14:17] {nemo} arguably
[14:18] {ese} I mean......not patience....she didn't give me any money......ahhhhhh
[14:19] {ese} it was the mrkt......i swear.......
[14:19] {gregns} thks ese for that stx
[14:19] {ese} welcome
[14:20] {gregns} thank you to all for taking the time to share their trades !
[14:20] {ese} that sounded like vad......."welcome"
[14:20] {hawk} lol, i thought that too ese
[14:21] {ese} wha da ya think........i could be vad maybe.....hmmmmmmmm
06[14:21] * nemo slaps ese around a bit with a large mirror
[14:21] {nemo} I think not
[14:21] {gregns} naw you spell too well
[14:22] {dino} lol
[14:23] {ese} sheeeeesh......everyones a critic
[14:24] {nemo} why don't you go spank a few skins :)
[14:25] {ese} well.........ok
[14:26] {nemo} :)
[14:26] {dino} whr channel, around .00-.40
[14:26] {nemo} you'll have more time to practice now that school is out
[14:29] {Les} resistance is .46 dino support just under 85. a market break either way...
[14:32] {Threei}  back
[14:32] {nemo} So....
[14:32] {nemo} have you changed your outlook?
[14:33] {Threei}  twice
[14:33] {Threei}  so I am back where I started
[14:33] {nemo} guess that's progress
[14:33] {Threei}  wasted time, but enjoyed the process
[14:33] {nemo} I'll have a shot for you
[14:35] {Threei}  RMBS Ticking higher on renewed takeover chatter (timing uncertain) (17.62, +0.10, 0.57%)
[14:41] {dino} whr sm l .04
[14:43] {dino} no good  stopped
[14:45] {ese} you notice i tried to pass myself off a s you vad with my "welcome" comment.......the board was onto me right away.....couldn't get away with it
[14:46] {Threei}  you may look more credible if spell it as velkome
[14:46] {ese} rats......your right
[14:46] {Threei}  kredible too...
[14:46] {ese} what an amateur error
[14:51] {dptl} ccl short?
[14:52] {Threei}  I think so
[14:52] {dptl} .98?
[14:52] {Threei}  just 31 break
[14:52] {Threei}  if market continues down and if stays under .10
[14:52] {dptl} ok ty
[14:55] {dino} sm l whr .62
[15:03] {dino} out whr .22,
[15:03] {dino} +.60
[15:03] {hawk} nice
[15:05] {dino} ty
[15:05] {Les} HAL read vad?
[15:06] {Les} .06 long if holding 25?
[15:06] {Threei}  mess
[15:06] {Les} ok
[15:09] {nemo} spy probably tests the morning highs at 103.50
[15:09] {dino} took awhile but out itri .53, +.51
[15:10] {Les} PG .50 b/d if holding .60?
[15:10] {Threei}  rather yes
[15:19] {dptl} s pg .49
[15:20] {nemo} or go long on break above stop
[15:28] {Threei}  Ok guys, with your kjind permission I'll leave for Canada day party
[15:28] {Threei}  my view is,
[15:28] {hawk} take off eh
[15:28] {nemo} yeah...our permission...right
[15:28] {nemo} just go...skip the excuses
[15:28] {Threei}  market will do nothing, with slight negative bias till close
[15:28] {nemo} have a nice day
[15:28] {nemo} drink like fish
[15:29] {Les} pg covered flat
[15:29] {Threei}  hacve a good evening, see ou tomorrow
[15:29] {Les} yeh market pi&&ing me off. c u's tomorrow
[15:30] {dino} cya
[15:30] {dino} i feel one more good trade coming