Tuesday, July 13, 2010

Jul 13 2010

Catch of the day is interesting by the way we entered it, not very common for us: conservative entry (see http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html for explanation). As resistance at $36 got broken, we waited out the initial spike (or simply missed the entry), then bought on the return to the former resistance which became new support



Session Time: Tue Jul 13 00:00:00 2010
[07:50] {hawk} hmm, logging in to mibbit by typing good morning didn't work
[08:22] {Threei}  weird
[08:22] {Threei}  let me try
[08:22] {Threei}  hmmm... no
[08:23] {Threei}  and they say politeness open doors...
[08:24] {hawk} i know, i just don't understand :)
[08:24] {Threei}  bitter disappointment...
[08:24] {nemo} where is this coming from
[08:24] {Threei}  life, it seems, is so unfair
[08:25] {nemo} wow...what an insight
[08:25] {Threei}  very unexxpected
[08:27] {Threei}  Preview: May Trade Balance expected out at 08:30ET (12:30 GMT)
[08:27] {Threei}  **Consensus expectations: -$39.0Be v -$40.3B prior (range of analyst estimates seen from -$41.5B to -$37.0B)
[08:28] {hawk} VVUS news Vad?
[08:28] {Threei}  altic Dry Bulk Index declines approx 3% (33rd straight decline)
[08:28] {Threei}  - Index at 1,790
[08:28] {Threei}  ***Note: Reading is longest consecutive deline in almost 9 years
[08:28] {Threei}  VIVUS, Inc FDA Staff: Qnexa data shows that the obesity drug sucessfully reduced body weight, drug showed "expected improvements" in blood pressure, blood fats and blood sugars
[08:28] {Threei}  - Both phentermine and topiramate have been approved as single ingredient products in the United States for more than 10 years. However, little is known about the postmarket safety profile when phentermine and topiramate are used concurrently in an overweight or obese population. Given two-third of adults are either overweight or obese, Qnexa could have widespread use, and the potential for safety issues cannot be dismissed.
[08:29] {Threei}  - This review identified important safety concerns for Qnexa (also described in the phentermine and topiramate labelings) that include congenital malformations, eye disorders, neuropsychiatric events, and cardiovascular events (including death). The intended population (obese or overweight) is susceptible to comorbidities such as cardiovascular death that may be exacerbated by the dose-related sympathomimetic effects of the phentermine component of Qnexa
[08:29] {hawk} thx
[08:30] {Threei}  I am not sure I understand how it gaps up with this
[08:30] {Threei}  US) MAY TRADE BALANCE: -$42.3B V -$39.0BE
[08:30] {Threei}  yikes
[08:57] {Threei}  BP lost lustre
[09:00] {dptl} good morning
[09:00] {Threei}  dp :)
[09:06] {hawk} dp has not lost lustre
[09:08] {Threei}  for early risers:
[09:08] {Threei}  http://photography.realitytrader.com/2010/07/whales-and-other-mostly-swimming-things.html
[09:11] {hawk} wow, incredible pics vad
[09:11] {nemo} that's what Vad looks like when he's stalking bacon
[09:12] {Threei}  rofl
[09:12] {Threei}  ty hawk
[09:17] {larisa} gm :)
[09:18] {dino} gm all
[09:18] {dino} amed, cvlt
[09:18] {Threei}  larisa, dino :)
[09:19] {shorty} morning
[09:19] {Threei}  shorty :)
[09:19] {lasertrev} gm
[09:20] {Threei}  trev :)
[09:20] {jfjf64} mornin
[09:21] {Threei}  jf :)
[09:25] {Threei}  dreadful big gap up
[09:26] {jfjf64} no  likey
[09:26] {nemo} go fishing
[09:26] {nemo} it's Alcoa's fault
[09:26] {Threei}  I guess
[09:27] {strider} morning
[09:27] {Threei}  strider :)
[09:27] {strider} vad:)
[09:29] {magoo} :)
[09:29] {nemo} mags
[09:30] {Threei}  magoo :)
[09:31] {Threei}  QTWW Quantum and Asola Expand Into Canada - Signs MOU to Build a 30 MW Solar Manufacturing Facility in Ontario (0.52, +0.01, 1.96%)
[09:31] {magoo} vvus was 14.50 pre mkt
[09:31] {Threei}  with the news, I don't know why it's not at 5
[09:32] {strider} BP
[09:32] {Threei}  sharp selling
[09:33] {Threei}  no news
[09:33] {Threei}  .40 break long
[09:33] {Threei}  stop under .30
[09:33] {nemo} jeez vvus
[09:33] {magoo} look FCX vad
[09:34] {Threei}  invalidated
[09:34] {Threei}  watching for another range
[09:35] {Threei}  .10 - .20
[09:35] {Threei}  .10 - .15 even
[09:36] {Threei}  in
[09:36] {magoo} in
[09:36] {Threei}  1:2, half out
[09:37] {shorty} out
[09:37] {shorty} ty
[09:38] {Threei}  welcome
[09:38] {Threei}  scalpers win
[09:38] {jfjf64} clf
[09:38] {Threei}  VVUS Hearing JMP Securities makes positive comments (timing uncertain) (12.16, +1.51, 14.18%)
[09:38] {jfjf64} sharp  drop
[09:39] {nemo} you got 1:2 how is that scalper win
[09:39] {Threei} Long Setup:  LVS  .55 break if holding .45
[09:40] {Threei}  'cause I sold half trying for a run on the balance :)
[09:41] {nemo} bp bounce?
[09:42] {Threei}  probably one more leg down
[09:42] {Threei}  hard to tell, tough fight here
[09:43] {nemo} scalped .96 to .06
[09:43] {Threei}  I'd like to see one more last dive under 37
[09:43] {nemo} wussy me
[09:43] {magoo} RIG drop n2 1/2
[09:44] {nemo} see offer .10
[09:44] {strider} short FAST .92
[09:44] {Threei}  canceled
[09:45] {Threei} Long Setup:  HAL  28 break
[09:45] {dino} sm l lfc .65
[09:45] {Threei}  if stays above .90
[09:45] {strider} stop FAST .10
[09:48] {Threei}  HAL is two sided setup probably
[09:48] {nemo} spy about to hit 200 on 1 min
[09:51] {Threei}  wtching BP for dive under 37
[09:51] {magoo} aapl murdered
[09:51] {Threei}  shaking out hopeful longs before reversing for real
[09:51] {Threei}  US) Govt asks courts to set aside stay on original deep water drilling moratorium
[09:51] {Threei}  - Hornbeck (the originator of the case) giving two weeks to respond to govt request.
[09:51] {Threei}  - REMINDER: yesterday the Interior Dept announced a new, more refined drilling ban to replace the original moratorium
[09:52] {Threei}  US) Preview: IBD/TIPP Economic Optimism due out at 10:00ET
[09:52] {Threei}  **Consensus expectation: 45.5e v 46.2 prior
[09:52] {Threei}  BP jumped...
[09:52] {Threei}  HAL 1:1
[09:53] {Threei}  1 cent shy
[09:53] {Threei}  covered at .82, tough read here
[09:53] {magoo} ,might be good long here hal
[09:54] {Threei}  doesn't look inspiring to me
[09:54] {Threei}  on a long side I mean
[09:55] {Threei}  BP got away
[09:58] {nemo} oh, look at 15 minute Hal, at serious support
[09:59] {Threei}  over 1:1
[09:59] {Threei}  still don't like the idea of long on it
[09:59] {nemo} no
[09:59] {Threei}  AAPL Hovering near session lows as multiple tech blogs rehash necessity for Apple to conduct an iPhone 4 recall in efforts to repair tarnished product launch image (249.36, -7.93, -3.08%)
[10:00] {Threei}  atgh... why oh why am I so impatient
[10:00] {dino} itri hl l .93
[10:00] {Threei}  *(US) IBD/TIPP ECONOMIC OPTIMISM: 44.7 V 45.5E
[10:01] {magoo} nice bounce RIG, hal next?
[10:01] {Threei}  I doubt it
[10:01] {magoo} really, shit
[10:02] {nemo} in are you mags?
[10:02] {magoo} yea.74
[10:02] {jfjf64} ivn    wow
[10:02] {Threei}  just keep stop under .70
[10:02] {Threei}  it either works or doesn't
[10:02] {Threei} Long Setup:  LVS  .55 break
[10:02] {Threei}  if stays above .45
[10:03] {Threei}  same numbers, diffferent setup
[10:03] {Threei}  C&H on 1 min
[10:03] {nemo} big resistance area for LVS
[10:03] {magoo} only want .93 hal
[10:04] {magoo} tellin nemo
[10:04] {magoo} in lvs here
[10:04] {shorty} out HAL +.10
[10:04] {nemo} should get 28 maybe 28.10
[10:04] {magoo} out .93
[10:04] {magoo} ty boss
[10:04] {nemo} in lvs
[10:04] {nemo} figures
[10:05] {dino} itri to .20
[10:06] {dino} to .24
[10:06] {magoo} out lvs
[10:06] {magoo} -.02
[10:06] {magoo} looks lower here
[10:06] {dino} major slip out .17, +.24
[10:06] {nemo} yeah, big wall at .54
[10:07] {dino} lfc to .96
[10:07] {magoo} i went in aggressive, so out aggr
[10:07] {nemo} out lvs .49
[10:07] {dino} nemo, afam?
[10:07] {magoo} didnt trrigger off vad call
[10:08] {nemo} yeah, it did
[10:08] {nemo} I bought at the top as ususa
[10:08] {magoo} aapl was dowm 10 when i posted
[10:08] {Threei}  BP touched under 37 for a second and shot up 40 cents
[10:09] {Threei}  this thing gets away regularly
[10:09] {nemo} 25.50 area looks like Dino
[10:09] {dino} lfc to .05
[10:09] {magoo} yea...i like RIG for bounce BUT not here
[10:09] {dino} lol, waiting at .52
[10:09] {nemo} :)
[10:10] {nemo} hey mags...[10:03] {nemo} should get 28 maybe 28.10
[10:10] {dino} out afam slip to .04, +.39
[10:10] {strider} stop LVS
[10:11] {Threei}  no go LVS
[10:11] {magoo} u guys kill me if i told u my long exit on VVUS
[10:11] {dino} sm l .52 afam
[10:12] {nemo} that was quick
[10:12] {nemo} guess we shoulda' shorted ;)
[10:12] {dino} yeah, too quick i think
[10:13] {nemo} 109.55 was Pivot R3...probabilities are spy doesn't go much further today
[10:14] {Threei}  Reportedly EU bank stress tests include a 23% haircut on Greek sov debt held in trading books - unconfirmed report
[10:14] {Threei}  - Note: Last week reports circulated that banking stress test results may reportedly involve a haircut of 16-17% for Greece sovereign bonds
[10:15] {jfjf64} lvs  3i
[10:15] {dino} i could use a haircut
[10:15] {nemo} still have hair to cut dino?
[10:15] {Threei}  maerket is unclear here jf
[10:15] {dino} full head, going gray, but not losing asny
[10:15] {Threei}  LVS, as strong as charts look, needs market help
[10:15] {jfjf64} verry
[10:15] {shorty} coffee time
[10:16] {dino} dest
[10:16] {dino} thin
[10:17] {Threei}  I am conflicted somewhat on LVS
[10:17] {Threei}  I like charts, daily peromises big run too
[10:17] {Threei}  but I hate trying same thing over and over
[10:18] {Threei}  getting shaken out time and againb
[10:18] {Threei}  it shakes you out three times, you give up, then it goes, lol
[10:18] {magoo} im long rig 53 break, anyone else
[10:19] {dino} tighten afam to .43 stuck
[10:19] {nemo} whish I had known
[10:19] {strider} GS steady climber
[10:20] {magoo} [10:09] {magoo} yea...i like RIG for bounce BUT not here
[10:20] {Threei} Long Setup:  BIDU  .75 break
[10:20] {nemo} yeah, missed it
[10:20] {magoo} triggered fast, sorry
[10:20] {Threei}  too fast eh
[10:20] {nemo} yep
[10:20] {Threei}  here goes LVS
[10:20] {strider} LVS:)
[10:20] {Threei}  crap
[10:21] {Threei}  rinsed by 1 cent
[10:21] {shorty} out lvs....
[10:21] {jfjf64} i took it
[10:21] {nemo} kinda makes sense, look at the left side of the IH&S
[10:21] {Threei}  good job
[10:21] {Threei}  I missed it scalping BIDU
[10:21] {shorty} You did the work THreei, I clicled "buy"...ty
[10:22] {shorty} clicked
[10:22] {Threei}  welcome
[10:22] {Threei}  anyone caught BIDU?
[10:22] {nemo} nope
[10:22] {Threei}  look at daily LVS
[10:22] {magoo} missed it typing here
[10:22] {Threei}  see this full body breach, orca style?
[10:23] {Threei}  that was what attracted me to that long so much
[10:25] {Threei}  pullback to .50 - .55 zone will be entry point if happens
[10:25] {Threei}  let's see maybe we can get it in a conservative entry fashion
[10:25] {nemo} possible C&H on VMW forming?
[10:26] {Threei}  yuck
[10:26] {Threei}  spread is half of its range, lol
[10:26] {nemo} yeah, thin trade
[10:28] {magoo} god dammit, BIDu your best call and missed it
[10:29] {Threei}  yeah, sorry.. was late to alert by a few secs
[10:29] {nemo} shuld go to .80 and then possibly 74.40 area
[10:29] {hawk} VVUS .20 break interesting if it holds 12, wild one
[10:30] {nemo} biu heading for .80
[10:31] {Threei}  look at LVS tail right to .55
[10:31] {Threei}  I wish it was possible to catch
[10:33] {shorty} George Steinbrenner passed away, for you baseball fans.
[10:34] {nemo} we'll be celebrating in Boston
[10:35] {shorty} you think baseball needs a salary cap nemo?
[10:35] {nemo} He was actually a good guy...gave alot of money to a  Red Sox based cancer charity for children
[10:35] {nemo} yes...but...it becomes welfare for the poorer clubs unless there is a spending minimum
[10:36] {shorty} I guess that it would get somewhat complicated.
[10:36] {nemo} Oh...when the Sox came back from 0-3 to beat them in 2004, he made all the stadium workers stay and left the lights on so the Sox could celebrate as long as they wanted.  He said, "after that series they deserved it."
[10:36] {jfjf64} uaua   c/h
[10:36] {jfjf64} you  lk 3i
[10:37] {nemo} look for spy bounce around .15
[10:37] {shorty} That is cool.....I would hate to be that worker though.
[10:37] {Threei}  not really jf
[10:37] {Threei}  very random
[10:37] {jfjf64} ty
[10:37] {nemo} GIG
[10:40] {dino} amed sm l .50 wide
[10:44] {magoo} aapl low again
[10:44] {magoo} -10.50
[10:44] {nemo} that antenna really causing problems sheesh
[10:46] {jfjf64} look   ivn
[10:46] {jfjf64} drop
[10:46] {jfjf64} find  support
[10:46] {jfjf64} consilidate
[10:46] {jfjf64} bammmmmmmmmmmm
[10:47] {jfjf64} missed it
[10:47] {Threei}  Fed's Rosengren: Deflation is a bigger risk than inflation
[10:47] {Threei}  figured it out, eh?
[10:48] {Threei}  more Fed asset purchases are an option
[10:48] {Threei}  yeah.. get ready for QE, part II
[10:48] {Threei}  they just can't stop tweaking and interfering
[10:49] {Threei}  then natural order takes over finaly and they'll face runaway inflation
[10:49] {Threei}  or, to be more precise, it's us who will face it
[10:49] {dino} afam stopped -.04
[10:53] {dino} sm s dest .25
[10:56] {Threei}  action slowed down but somehow I don't have a feeling that market has died for the day
[10:56] {Threei}  not pushing but not falling in my customary coma either
[10:57] {Threei}  for late arrivals: http://photography.realitytrader.com/2010/07/whales-and-other-mostly-swimming-things.html
[10:59] {Threei}  VVUS Rodman & Renshaw, Inc. reiterates Market Perform rating, price target $11 (12.18, +1.53, 14.37%)
[10:59] {Threei}  in a few days VVUS drug will be judged by FDA panel
[10:59] {Threei}  why risk taking position or expressing opinion now
[10:59] {Threei}  shrug
[11:01] {_khaln} whales not jumping swimming?
[11:02] {Threei}  there was not much fish around,
[11:02] {Threei}  they tend to jump out of the water when chase fish
[11:02] {_khaln} i see, nice photos,thx
[11:02] {Threei}  that's when yoyu get a chance for that spectacular shor of full body breach
[11:03] {dino} bubble netting
[11:03] {Threei}  ELN Hearing vague chatter company could be in pursuit of strategic alternatives (5.17, +0.17, 3.40%)
[11:05] {nemo} dino...afam...looks like next possible level is between here and 25.55
[11:06] {dino} was feeling 25s for strike purposes
[11:06] {nemo} bidu broke .30
[11:09] {jfjf64} look  lvs
[11:09] {jfjf64} .75
[11:09] {jfjf64} im  sleepin
[11:10] {magoo} bidu feels over 75
[11:10] {nemo} probably 76 today
[11:12] {Threei}  British Petroleum plc Coast Guard: BP should be able to contain flow of well by mid July regardless of well tests
[11:12] {Threei}  - Reminder: Stability tests are being conducted on the well today
[11:22] {magoo} .
[11:24] {dino} afam l .98
[11:26] {dino} stop is .91
[11:26] {jfjf64} 3i   lvs  break out
[11:26] {jfjf64} .93
[11:26] {nemo} wow...good thing I'm sitting down
[11:27] {Threei}  ?
[11:27] {dino} stopped
[11:27] {nemo} dino with a .07 stop...thought I was having Dt's...that reminds me
[11:28] {Threei}  oh
[11:28] {Threei}  probably jf... looks like it's establishing slooow climb pattern
[11:28] {Threei}  .80 break I liked more
[11:28] {Threei}  and it pulled back perfectly into new support
[11:28] {Threei}  unfortunately it came into .80 with this sharp vertical move
[11:29] {Threei}  hate to buy such breaks
[11:29] {jfjf64} i know
[11:29] {dino} nemo, i know
[11:33] {nemo} afam rinse
[11:34] {Threei}  FAS, let's see if we get pullback to new support
[11:34] {Threei}  that's how today's climb seems to be structured
[11:35] {dino} yeah
[11:35] {Threei}  break, some uoward move, then rfeturn to new support, bounce from it and new high
[11:35] {magoo} of 4 we play in oils. (hal, rig, apc, bp) rig only one red now
[11:35] {Threei}  support for FAS is around .35- .40 now
[11:37] {dino} out amed .92 +.42
[11:38] {jfjf64} wtg
[11:39] {jfjf64} lvs drop
[11:40] {Threei}  just frikin 5 cents back and forth
[11:40] {Threei}  better now
[11:40] {dino} ty jf
[11:40] {strider} BP drop
[11:41] {shorty} just covered BP, droped fast
[11:41] {shorty} was going to call it...sorry
[11:44] {Threei}  US) Reportedly Senator Nelson (D-NE) says he will support the FinReg bill
[11:44] {Threei}  - Comes after Republican Senators Snowe and Collins said yesterday they would support the FinReg bill. Earlier today it was reported a vote could come on Thursday.
[11:44] {Threei}  no news BP
[11:46] {shorty} urgh......covered too soon
[11:46] {Threei}  sells like thwre is something
[11:46] {Threei}  news wise
[11:47] {nemo} maybe the cap popped off
[11:47] {Threei} Long Setup:  BP  .75 break
[11:47] {Threei}  if honding .65
[11:47] {Threei}  invalidated
[11:48] {nemo} look for .45 bounce
[11:48] {nemo} maybe 50 was it
[11:48] {nemo} yep
[11:49] {Threei}  .70 break, half lot if holdong .60
[11:49] {nemo} .40 is pivot
[11:49] {Threei}  invalidated
[11:51] {Threei}  still no news
[11:51] {nemo} she's gonna' go for awhile
[11:51] {nemo} holding .30 so far
[11:51] {nemo} oh well
[11:51] {strider} oil well
[11:51] {dino} afam l .26
[11:57] {Threei}  market comes into important support
[11:57] {Threei}  so does FAS
[11:57] {nemo} spy hanging on to the 50 on the 1 min.
[11:59] {Threei} Long Setup:  FAS  .38 if stays above .33
[11:59] {nemo} range scalp?
[12:00] {Threei}  most likely, yeah
[12:00] {nemo} so...ese shares ;)
[12:00] {nemo} bp forming a range so far, but alas 'tis lunch
[12:02] {shorty} out FAS ty
[12:03] {Threei}  FAS 1:1
[12:03] {strider} out +.06
[12:04] {Threei}  [11:35] {Threei} support for FAS is around .35- .40 now
[12:04] {Threei}  that plan worked but sheesh, fighting for 5-7 cents scalps
[12:05] {strider} LVS?
[12:06] {Threei}  too narrow...
[12:07] {shorty} d/b BP Threei?
[12:07] {Threei}  foesn't look like going to hold
[12:07] {shorty} hmmm...not realy
[12:07] {Threei}  BP Hearing recent weakness attributed to speculating that the testing of the well may have shown pressure could be too large to be capped (36.22, -0.54, -1.47%)
[12:08] {Threei}  hmmm
[12:08] {Threei}  sounds like bs
[12:08] {Threei}  speculating?
[12:08] {Threei}  holding
[12:08] {Threei}  nope
[12:08] {dino} thats one hell of a well
[12:09] {dino} afam to .47
[12:10] {Threei}  36 break long if you are adventurous
[12:11] {Threei}  lol, brike while I was typing
[12:11] {Threei}  broke
[12:11] {jfjf64} comon
[12:11] {Threei}  stop would have been .85
[12:11] {Threei}  what?
[12:11] {jfjf64} type  with  ya  toes
[12:11] {Threei}  ah
[12:12] {jfjf64} lol
[12:12] {Threei}  barely reached 1:1, after such drop
[12:12] {Threei}  maybe goes for second chance
[12:12] {Threei}  yeah
[12:12] {Threei}  scary as hell, discretionary
[12:13] {Threei}  if tsaking it keep that .85
[12:13] {Threei}  not a scalp this time
[12:13] {Threei}  if works, should be capable of more
[12:14] {Threei}  1:1
[12:14] {magoo} thinking 40 atrwea
[12:14] {dino} out afam .47+.21
[12:14] {Threei}  same here
[12:15] {Threei}  1:2
[12:15] {gregns} thks dino out afam .41 +.16
[12:16] {Threei}  partialing mags?
[12:16] {dino} gj greg
[12:16] {gregns} ty to you
[12:16] {magoo} yup
[12:16] {dino} amed been bouncing around .50 goes to .90
[12:17] {magoo} tgoojk nsome .31's
[12:17] {Threei}  wow
[12:17] {Threei}  and someone thinks MY typing is bad??
[12:17] {gregns} lol
[12:18] {magoo} worse yet, u understood it correct? roflol
[12:18] {Threei}  heck, mags types like orca would with its dorsal fin
[12:18] {Threei}  that's the scary part, yeah, lol
[12:19] {Threei}  guess who is on TV
[12:20] {magoo} bette davis?
[12:20] {nemo} Lindsay Lohan in prison garb?
[12:20] {magoo} lol
[12:21] {nemo} when's bidu gonna break .50 here
[12:21] {hawk} Bette Middler?                                                                                                                                                                                                                                                                                                                      
[12:21] {nemo} wow
[12:21] {magoo} paris hilton denying release of second oporno vid?
[12:21] {Threei}  (US) President Obama: Calls on the Senate to act quickly to pass final version of FinReg (related XLF )
[12:21] {magoo} RIG vad...
[12:22] {magoo} somewhere
[12:23] {magoo} am i here?
[12:23] {nemo} ahh shit...here we go with the existentialist hour again
[12:24] {nemo} strider should pipe up any moment
[12:24] {dino} paris has a second video
06[12:24] * strider slaps nemo around a bit with a large copy of Waiting for Godot
[12:24] {nemo} she relaxed those peristolic muscles yet?
[12:26] {dino} amed l .40 stop .24
06[12:27] * nemo slaps strider around a bit with a large copy of Zen and the Art of Motorcycle Maintenance
06[12:27] * nemo slaps strider around a bit with a large copy of Lila
06[12:27] * nemo slaps strider around a bit with a large copy of The Unbearable Lightness of Being
[12:27] {Threei}  sheesh
[12:27] {nemo} wanted to get some straight literature in there
[12:28] {Threei}  what's next, Withc Hammer?
[12:28] {nemo} nah...Die Verwandlung
[12:28] {Threei}  or Cat's Craddle
[12:29] {strider} drivel.
[12:29] {Threei}  new budget czar looks pretty much like previous one
[12:29] {dino} meet the new boss, same as the old boss
[12:29] {Threei}  yeah.. I guess appearance is one of requirements, lol
[12:30] {dino} tell you what i'm sick of, this czar crap
[12:30] {Threei}  ARNA Hearing Piper making positive comments; Reiterates Overweight rating, price target $10 (timing uncertain) (4.19, +0.40, 10.55%)
[12:36] {dino} amed stopped -.16
[12:37] {hawk} POT
[12:37] {nemo} dinoo...picked up a Martin "Auditorium" yesterday
[12:37] {nemo} rig recross .30?
[12:38] {strider} really?
[12:38] {strider} is that an archtop?
[12:38] {nemo} yeah
[12:38] {strider} what year?
[12:38] {nemo} friend of mine had it for 20 years, never plays it
[12:38] {nemo} not sure, gonna' contact them with the serial number
[12:39] {strider} I think you can get it from their website.
[12:39] {nemo} I can just sit there and listen to a note all night
[12:39] {shorty} nemo, will your friend be willing to sell it?
[12:39] {dino} amed rinsed
[12:40] {strider} got an HD-28, 1985
[12:40] {nemo} dino has a d-40
[12:40] {shorty} I use to work in a recording studio, only recorded on guy with a Martin guitar.  It was from the 50's
[12:41] {strider} VIVO halted
[12:41] {dino} nemo, i don't know what any of that is
[12:41] {Threei}  ortugal Telecom S.A. Reportedly board to meet on Thursday to discuss TEF bid for Vivo
[12:41] {Threei}  - The TEF offer for Vivo expires Friday
[12:41] {strider} Gibson J45, 1961 also.
[12:42] {nemo} it's a '94 so guess he only had it 16 years
[12:42] {nemo} oohh...a j45
[12:42] {nemo} you have a dreadnought right dino?
[12:43] {dino} no, no guitars
[12:43] {dino} ese most likely
[12:43] {nemo} oy...mmmhhh....need to check my meds
[12:43] {hawk} i do nemo
[12:43] {dino} amed .50
[12:43] {dino} l
[12:43] {nemo} a dreadnought
[12:43] {nemo} hawk
[12:43] {hawk} yep
[12:44] {nemo} yum
[12:44] {dino} amed to .69
[12:44] {dino} out +.19
[12:45] {hawk} speaking of yum, lunchtime, brb
[12:45] {dino} yum releases at close, est .54
[12:45] {nemo} nice dino
[12:46] {Threei}  VIVO Meridian Bioscience Inc Receives FDA Clearance for New illumigene Molecular Platform
[12:47] {dino} ty
[12:51] {dino} hitk?
[12:52] {nemo} mmmhhhh rig short?
[12:53] {Threei}  not sure
[12:53] {nemo} two way
[12:53] {Threei}  and both seems to be destined for rinsing :)
[12:54] {nemo} actually there's support at .10
[12:55] {nemo} long it was
[12:55] {nemo} 200 is at .80 right now...it probably moves to the 200 or at least to that resistance i teh .60 area
[12:56] {nemo} in the
[12:58] {nemo} think pullback to .30 area good idea RIG?
[12:58] {dino} afam stopped -.20
[13:01] {shorty} Cya tomorrow guys, had a good day today.  Hope the same for you guys.
[13:01] {Threei}  take care shorty
[13:02] {Threei}  *(US) TREASURY'S $21B 10-YEAR NOTE REOPENING DRAWS 3.119%; BID-TO-COVER RATIO: 3.09 V 3.24 PRIOR AND 3.12 OVER THE LAST 7
[13:05] {jfjf64} lvs   break  3i
[13:05] {Threei}  not taking this
[13:12] {strider} short BP .98
[13:13] {Threei}  let's see if we get LVS bounce closer to 24 for short
[13:19] {jfjf64} bounce  here
[13:19] {nemo} in tna .01
[13:20] {strider} short or long?
[13:20] {nemo} long
[13:20] {nemo} might be a tad premature
[13:21] {strider} stop BP .18
[13:21] {nemo} stopped tna .89
[13:23] {nemo} rinsed by .01
[13:23] {strider} stopped BP
[13:23] {strider}  geez
[13:23] {nemo} what?
[13:38] {Threei} Short Setup: LVS  .85 break if stays under .90
[13:38] {Threei}  lunch boredom trade
[13:39] {Threei}  nope
[13:52] {dino} v drop, after gap at .15ish
[14:00] {jfjf64} lvs  3i
[14:00] {jfjf64} .93
[14:01] {Threei}  IMO, just a rwecipe for a rinse
[14:01] {Threei}  recipe
[14:03] {dino} elmer fudd
[14:03] {nemo} ?
[14:04] {strider} short elmer
[14:04] {dino} wecipe
[14:04] {Threei}  wabbit
[14:04] {strider} yeah, and those dastardwy wabbits
[14:05] {nemo} When I was living in Germany, the voice they dubbed bugs bunny with sounded like he played for the other team
[14:05] {nemo} What really cracked me up was hearing Captain Kirk and Mr. Spock speaking Italian in Italy
[14:06] {dino} lol
[14:06] {nemo} certain things should not exist in this world
[14:08] {dino} afam l .20
[14:08] {nemo} now THATS the dino we know and love
[14:08] {nemo} another rorschach test
[14:09] {dino} ekg
[14:09] {nemo} ink dots then
[14:09] {nemo} ekg's are solid lines
[14:09] {nemo} mine is perfectly flat....
[14:09] {nemo} ....oh no, that's my brainwave test
[14:09] {dino} .20 range
[14:15] {dino} cvlt l .52
[14:16] {magoo} rig log hree
[14:16] {nemo} ?
[14:16] {magoo} long here
[14:16] {magoo} .95
[14:16] {nemo} ahhh
[14:17] {magoo} hard 4 me to type ..i got thiongs ocvin
[14:17] {magoo} movin
[14:17] {magoo} sigh
[14:17] {Threei}  I too have troubles when thiongs ocvin
[14:17] {magoo} roflol
[14:18] {nemo} you have trouble when nothing is happening
[14:18] {magoo} that was bad, when trying to justify poor typing
[14:19] {magoo} like bp here too .80 area long
[14:20] {magoo} and APC also
[14:24] {jfjf64} ya sleepin 3i
[14:24] {magoo} all bets r off if mkts fall
[14:25] {magoo} like APC most
[14:25] {magoo} BP least
[14:25] {magoo} and RIG is just right
[14:25] {nemo} bounced at the 50 to the 200...theyre only .08 apart on the 1 min and the .50 on the 5 minute is the same
06[14:25] * magoo slaps nemo around a bit with a large trout
06[14:26] * nemo slaps magoo around a bit with a large sturgeon
[14:26] {magoo} apc .40 area, rig .30 area
[14:26] {magoo} bp.97
[14:27] {dino} cvlt to .64
[14:27] {Threei}  I wish jf
[14:28] {Threei}  (US) JUNE MONTHLY BUDGET STATEMENT: -$68.4B V -$69.4BE (21ST STRAIGHT MONTH OF BUDGET T MONTH OF BUDGET DEFICITS)
[14:28] {Threei}  - Total Receipts: $251.05B v $215.3B y/y (+16%)
[14:28] {Threei}  - Total Spending: $319.4B v $309.7B y/y (+3%)
[14:28] {dino} to .69
[14:28] {jfjf64} lol
[14:28] {dino} out slip, cvlt .68, +.16
[14:28] {Threei}  not only things move randomly, they start moving with no regard to market
[14:28] {Threei}  look at LVS and SPY
[14:29] {jfjf64} yup
[14:29] {Threei}  when did we see them moving against each other?
[14:29] {jfjf64} whats  that  mean
[14:29] {jfjf64} we  doomed
[14:29] {Threei}  no idea
[14:29] {Threei}  well, we are of course
[14:29] {jfjf64} lol
[14:29] {nemo} nothing other than correlations are off
[14:29] {jfjf64} ty  nemo
[14:30] {Threei}  I mean, in a long run rate of survival is zero for each and every of us
[14:30] {nemo} not for the soul ;)
[14:30] {magoo} out bp.997
[14:30] {magoo} .97
[14:30] {nemo} although, in Les' case...
[14:30] {magoo} one down
[14:30] {Threei}  only for those who got it nemo
[14:30] {nemo} that was my point about Les
06[14:30] * strider slaps nemo around a bit with a large shoe sole.
[14:30] {Threei}  I amtrying to remember what it was I sold mine for
06[14:30] * magoo slaps nemo around a bit with a large trout
06[14:31] * nemo slaps magoo around a bit with a large coelacanth
[14:31] {magoo} anyone runnin w/magoo?
[14:31] {nemo} nope
[14:31] {nemo} although, woulda' been a good idea
[14:32] {magoo} f'yas then:)
[14:32] {nemo} you give reacharounds?
[14:32] {dino} :O
[14:32] {nemo} I can hear the drill seargeant in Full Metal Jacket
[14:33] {dino} afam to .26
[14:33] {jfjf64} great  movie
[14:33] {nemo} yep
[14:33] {magoo} had to hire a secretary to post all these calls
[14:33] {magoo} no one even takes
[14:34] {nemo} what, bp and rig?  two
[14:34] {magoo} and APC
[14:34] {nemo} ahh...sorry, don't have that on the list
[14:34] {magoo} [14:26] {magoo} apc .40 area, rig .30 area
[14:34] {magoo} [14:26] {magoo} bp.97
[14:35] {dino} afam to .34
[14:35] {jfjf64} outta  here
[14:35] {nemo} c ya
[14:35] {jfjf64} see ya all
[14:35] {dino} cya jf
[14:35] {magoo} bye jf
[14:35] {Threei}  take care jf
[14:35] {strider} MOS,dino?
[14:36] {jfjf64} waiste of day
[14:36] {strider} late
[14:36] {magoo} ok, out RIG now .27
[14:36] {magoo} 2 gone
[14:36] {Threei}  (US) US Senator Reid (D-NV) : Hoping energy plan to be introduced in the Senate in about two weeks time
[14:36] {Threei}  great
[14:36] {Threei}  just what we need
[14:36] {dino} out afam .38, +.18
[14:37] {dino} mos dk, bad news
[14:37] {magoo} btw, nemo was telling me his all time fav movie..............
[14:37] {Threei}  Says focus will likely be on reduction of carbon pollution in utility sector.
[14:38] {magoo} lil hint, its a western
[14:38] {dino} tombstone
[14:38] {nemo} Behind the Green Door
[14:38] {magoo} brokeback mountain lol
[14:38] {dino} lol
[14:39] {nemo} I think Magoo has some subconscious issues he needs to work out
[14:39] {Threei}  I seriously don't want to know
[14:42] {strider} di
[14:43] {strider} sorry, wrong keyboard
[14:43] {nemo} ?
[14:45] {strider} CAT formin h&s
[14:46] {Threei}  (US) SEnator Baucus: Planning for Senate to extend the tax cuts for middle class before they expire at the end of 2010
[14:49] {Threei}  Still in discussions with regards to dividend tax rates and upper income levels
[14:51] {magoo} alrighty, APC .47
[14:51] {magoo} 3 for 3
[14:52] {magoo} +.17, +.23.+.47.
[14:52] {magoo} do i get a free month vad for helpin out?
[14:53] {Threei}  free from what?
[14:54] {magoo} making calls
[14:54] {magoo} helpin u out
[14:54] {strider} no.  You're on commission, magoo.
[15:02] {nemo} looks like we're going to get a run here
[15:03] {Threei}  (US) Fed's Hoenig: A double dip recession is unlikely; unemployment picture is improving; affirms Fed should raise rates to 1% and hold
[15:03] {Threei}  - Additional purchases of assets would have limited effect in certain industries and create problems down the road
[15:03] {Threei}  LVS is irritating for me today
[15:03] {Threei}  had strong feeling that this thing prepared for a strong move
[15:03] {Threei}  and haven;'t found the way to utilize it
[15:05] {Threei}  [10:17] {Threei} I am conflicted somewhat on LVS
[15:05] {Threei}  [10:17] {Threei} I like charts, daily peromises big run too
[15:05] {Threei}  [10:17] {Threei} but I hate trying same thing over and over
[15:05] {Threei}  [10:18] {Threei} getting shaken out time and againb
[15:05] {Threei}  [10:18] {Threei} it shakes you out three times, you give up, then it goes, lol
[15:07] {dino} take it off your screen
[15:08] {Threei}  I elect to cover it with porn
[15:09] {lasertrev} Master Vader is back from the dark side
[15:09] {nemo} more like back to...
[15:10] {lasertrev} :)
[15:15] {magoo} bidu nears hgigh
[15:15] {nemo} yep
[15:19] {magoo} BP goinfg
[15:20] {magoo} apc now
[15:21] {dptl} have a good evening all
[15:21] {dino} cvlt l .51
[15:22] {Threei}  take care dp
[15:25] {dino} cya dp
[15:29] {strider} BP CC for technical briefing at 3:30
[15:38] {strider} see y'all tomorrow.   Another thunderstorm here.
[15:39] {Threei}  take care strider
[15:42] {magoo} raining here too
[15:42] {dino} cvlt stopped -.12
[15:42] {dino} cya strider
[15:45] {Threei}  BP Updates containment operations; pressure testing is due within the next few hours (36.90, +0.14, 0.38%)
[15:47] {dino} cvlt l .15
[15:47] {nemo} they're gonna' run this into the close
[15:50] {Threei}  or not
[15:50] {Threei}  Toyota Motor Corp Initial investigation from the US Transportation Department found that the sudden acceleration complaints may just be driver error - WSJ
[15:50] {Threei}  - National Highway Traffic Safety Administration studied data recorders in vehicles whose owners complained of sudden acceleration and found the throttles were wide open and brakes weren't applied
[15:50] {Threei}  - Note: This would completely disarm the plaintiff's argument that there is a throttle mechanism issue that causes the cars to surge into uncontrolled acceleration
[15:55] {Threei}  as usually, big gap up day is fairly useless for me
[15:56] {Threei}  thank you all, havce a good evening
[15:56] {Threei}  see you tomorrow
[15:56] {magoo} should be some great short plays coming
[15:56] {Threei}  I'll be happy when it happens
[15:56] {magoo} up 800 points in 6 days
[15:57] {Threei}  coming into resistance
[15:57] {dino} out cvlt .36, +.21
[15:57] {Threei}  if we are lucky, it will overshoot it a bit,
[15:58] {Threei}  in last shakeout of premnature shorters
[15:58] {Threei}  then drop like a stone
[15:58] {nemo} op ex week, but if earnings and guidance good, this could go awhile
[15:58] {Threei}  then we will be unlucky,
[15:58] {nemo} we're in max pain territory right now
[15:58] {Threei}  it will be very hard to find plays if this slow crawl up continues
[15:58] {magoo} mkts been very 1 directional
[15:58] {magoo} as in 12 days red, now 6 days green
[15:58] {Threei}  but what else is new, summer are usually like this
[15:58] {Threei}  we had couple more active summers,
[15:58] {Threei}  got spoiled I guess
[15:59] {Threei}  Summertime,
[15:59] {Threei}  And the livin' is easy
[15:59] {Threei}  Fish are jumpin'
[15:59] {Threei}  And the cotton is high
[15:59] {Threei}  :)
[16:00] {Threei}  see you all tomorrow
[16:00] {magoo} ok, ty