Session Time: Wed Jul 14 00:00:00 2010
[04:38] {mib_ctjhco} coming to support
[08:24] {strider} .
[08:25] {Threei} Baltic Dry Bulk Index declines approx 4.5% (34th straight decline)
[08:25] {Threei} - Index at 1,709.
[08:25] {Threei} ***Note: Reading ties record for longest declining streak in 9 years.
[08:25] {Threei} Other headlines for [BLTXX]
[08:26] {hawk} go baltic!
[08:26] {hawk} good morning
[08:26] {nemo} yet to be determined...
[08:27] {hawk} :) nemo
[08:27] {nemo} raptor
[08:27] {hawk} lol
[08:41] {Threei} US) US Fed's Hoenig: Every indication of the economy has an upward trendline with exception of housing perhaps - CNBC
[08:41] {Threei} - Comments that the Fed has already done a great deal for the economy (Note: on 7/13 Hoenig commented that additional purchases of assets would have limited effect in certain industries and create problems down the road (on 7/6 noted that the Fed should dispose of assets as quickly as possible)
[08:52] {dino} gm all
[08:52] {hawk} gm
[08:55] {Threei} dino :)
[09:01] {shorty} morning
[09:01] {dino} :)
[09:01] {Threei} shorty :)
[09:02] {shorty} :)
[09:02] {hawk} :)
[09:03] {Threei} hmmm
[09:03] {Threei} too many smiles around
[09:03] {Threei} I always feel uneasy when everyone gets overly polite
[09:03] {Threei} in my experience it leads to shootout very quickly
06[09:04] * Threei stops smiling and unbuttons his belt holster
[09:04] {strider} This is vad on mushrooms
[09:05] {Threei} First smiles, then lies, then gunfire
[09:05] {Threei} who said? :)
[09:05] {shorty} You don't have a smiley guy giving the finger Threei, so....
[09:07] {shorty} I would guess Clint Eastwood.
[09:11] {Threei} well... hero of one of King's books, who was modelled in part after Eastwood characters, yes :)
[09:12] {strider} I think it was Rosemary Clooney.
[09:13] {strider} No. No. Was Twiggy. I'm sure of it.
[09:16] {dino} the gunslinger
[09:16] {Threei} dino :)
[09:17] {dino} dark towers
[09:17] {Threei} I knew you'd get that
[09:17] {dino} reading desparation now, just finished the stand
[09:18] {nemo} FOMC today, likely somewhat flat today
[09:18] {Threei} total non-event o course, but yes, market will wait for the wording
[09:19] {Threei} it's FOMC minutes
[09:19] {Threei} not FOMC decision
[09:20] {larisa} gm :)
[09:21] {Threei} larisa :)
[09:21] {larisa} vad :)
[09:23] {nemo} bp weak
[09:24] {lasertrev} morning
[09:24] {nemo} business inventories at 10:00
[09:24] {Threei} trev :)
[09:25] {magoo} morn
[09:27] {Threei} mags :)
[09:27] {_khaln} gm
[09:27] {Threei} khaln :)
[09:28] {strider} BP short?
[09:28] {Threei} gosh... let something happen first
[09:29] {Threei} some setup to form
[09:29] {nemo} ready, FIRE!, aim
[09:29] {jfjf64} mornin
[09:29] {nemo} dropping right into support there Strider
[09:29] {Threei} jf :)
[09:30] {Threei} Short Setup: INTC .05 break
[09:30] {Threei} if stays under .15
[09:31] {magoo} missed
[09:31] {magoo} stuck quotes
[09:32] {Threei} 1:1fine here... hit 1:1
[09:32] {magoo} glad for u
[09:34] {Threei} Short Setup: BRCM .65 break
[09:34] {Threei} if stays under .70
[09:35] {Threei} invalidated
[09:35] {Threei} LVS
[09:36] {Threei} KERX?
[09:36] {Threei} no news that I see
[09:36] {strider} nothing on fly
[09:37] {Threei} KERX Receives FDA approval for Perifosine Drug (3.97, +0.41, 11.52%) (related AEZS )
[09:37] {nemo} lvs break of .70
[09:38] {shorty} D/B INTC Threei?
[09:38] {nemo} ?
[09:38] {Threei} 22 break if holding .95, yes
[09:38] {Threei} LVS, nah
[09:38] {Threei} not ready
[09:39] {Threei} Keryx Biopharmaceuticals Inc FDA discloses orphan drug designation for Perifosine for treatment of neuroblastoma
[09:40] {strider} out LVS long +.10
[09:40] {Threei} BRCM
[09:40] {Threei} same setup again
[09:41] {shorty} in
[09:41] {Threei} scalpers stop above .70, day traders .75
[09:41] {nemo} took .10 on lvs
[09:42] {nemo} partialled
[09:42] {Threei} scalpers 1:1
[09:42] {Threei} day traders 1:1
[09:42] {strider} out BRCM +.07
[09:42] {shorty} out too
[09:42] {strider} +.08
[09:43] {shorty} +.08 trigger was slow for .10
[09:45] {Threei} US) Preview: May Business Inventories due out at 10:00ET
[09:45] {Threei} **Consensus expectation: 0.2%e v 0.4% prior
[09:45] {Threei} - Estimate range between -0.4% to +0.6%
[09:45] {shorty} back in and covered BRCM
[09:45] {magoo} me too .54
[09:46] {Threei} :)
[09:46] {shorty} better price than me .56
[09:46] {magoo} how u figure:)
[09:46] {strider} CAT?
[09:47] {strider} .20 break?
[09:47] {dino} cvlt sm l .01
[09:47] {Threei} I'd prefer aggressive entry
[09:47] {dino} lfc sm l .25
[09:50] {dino} rino spike
[09:51] {dino} amed sm l .75
[09:53] {Threei} BP feels like another short
[09:53] {Threei} a bit late...
[09:53] {Threei} wanted it closer to 36
[09:54] {Threei} for tighter stop
[09:56] {Threei} drops like a stone now
[09:56] {Threei} what is it about BP that I regularly miss it?
[09:57] {magoo} it stalls...then falls
[09:57] {magoo} or sits..then rips
[09:57] {strider} shorot HOG .75
[09:57] {strider} or short
[09:58] {strider} or shoat
[09:58] {Threei} someone take mushrooms from strider
[09:59] {nemo} see that volume spike lfc dino
[09:59] {Threei} Long Setup: AIG .10 break - after pullback under it
[09:59] {dino} yes
[10:00] {nemo} business inventory news?
[10:00] {Threei} *(US) MAY BUSINESS INVENTORIES: 0.1% V 0.2%E
[10:00] {Threei} if holding 37 of course
[10:01] {magoo} markets about to get cruuuushed
[10:01] {dino} out cvlt .13, +.12 ave
[10:01] {dino} amed to .15
[10:01] {dino} out amed +.40
[10:02] {strider} cov er 1/2 HOG +.11
[10:02] {dino} lfc tighten to .15 don't like mkts
[10:02] {shorty} BP Threei?
[10:03] {nemo} probably gonna' be choppy today....max pain was hit yesterday, so doubtful the range will change much through friday
[10:03] {strider} bal HOG to b/e
[10:03] {Threei} BP ideally needs to go over 36, then conaslidate there,
[10:03] {Threei} then become a short on breakdown
[10:03] {magoo} only problem is a pullbk is way way obvious
[10:04] {magoo} up 800 points straight....could not hold pos news gap this morn
[10:04] {magoo} vad,if bulls get going FAS
[10:04] {magoo} but we are way overbought
[10:05] {Threei} Short Setup: BP 36 break
[10:06] {Threei} if stays under .05
[10:06] {strider} stop bal hOG b/e
[10:06] {shorty} in
[10:06] {magoo} in
[10:07] {nemo} vwap is .10 that might be a better stop
[10:07] {magoo} out
[10:08] {magoo} - .02
[10:08] {Threei} no go
[10:08] {magoo} long .05
[10:08] {shorty} stopped .08, moved fast
[10:08] {Threei} yup, reversed play makes senbse
[10:08] {shorty} nice magoo
[10:09] {dino} lxk sm l .00
[10:09] {magoo} out .17
[10:09] {magoo} +.12
[10:10] {dino} gj
[10:10] {magoo} mised FAS
[10:12] {magoo} aapl green, gs trying
[10:12] {magoo} dunno
[10:14] {dino} lft sm l .00
[10:14] {dino} out lxk .40, +.40
[10:15] {dino} too many l based today, confusing
[10:17] {magoo} sh AKS .10 here
[10:18] {dino} out lft .44, +.44
[10:18] {jfjf64} dino wtg
[10:18] {dino} ty
[10:18] {dino} thing went another .40
[10:18] {jfjf64} ouch
[10:18] {jfjf64} .83
[10:19] {dino} bummer
[10:19] {magoo} oput no go
[10:19] {jfjf64} 1.00
[10:19] {magoo} =.05
[10:19] {jfjf64} where ya find lft
[10:19] {jfjf64} nice
[10:20] {nemo} scanner
[10:21] {nemo} well, spy pivot is around 109.55 will probably test it
[10:21] {dino} jf, my scanners
[10:21] {dino} top % declines/gainers
[10:21] {jfjf64} no scanner here
[10:22] {strider} long GS .01
[10:22] {nemo} 200 ma on 1 min is right at pivot
[10:22] {strider} stop .80
[10:22] {dino} lxk, lft,txi, ccmp, rba
[10:22] {jfjf64} they come up in mornin
[10:23] {dino} all day here throwing junk at me
[10:23] {magoo} junk
[10:24] {jfjf64} ussing own defaults
[10:25] {jfjf64} what parameters
[10:25] {dino} yes
[10:25] {dino} have to kill you if i tell
[10:25] {nemo} dramatic
[10:25] {dino} top 10 % gainers decliners
[10:25] {jfjf64} lol
[10:25] {nemo} market at pivot and 200
[10:26] {dino} .07 sales movers
[10:26] {dino} want multiples on the .07 means they are pulp
[10:26] {dino} thats about it
[10:27] {jfjf64} ty
[10:27] {shorty} cya later guys, doing some family stuff this morning.
[10:27] {dino} cya
[10:27] {hawk} cya
[10:29] {strider} stop GS -.25 jumped stop.
[10:29] {jfjf64} .07 pulp no follow ??
[10:29] {dino} lfc to .40
[10:30] {dino} seinfeld/pulp moves baby
[10:30] {Threei} *DOE CRUDE: -5.1M V -1.5ME; GASOLINE: +1.6M V +250KE
[10:30] {nemo} aks might be a short if it holds under 20 here
[10:30] {nemo} .20
[10:30] {dino} you see a ticker go off 7-20 times in row, its pulp, x .07
[10:30] {nemo} nope
[10:31] {dino} get it?
[10:31] {nemo} short aks .19
[10:31] {dino} out lfc +.15
[10:33] {magoo} iom clubbing it nemo
[10:33] {nemo} no uppercuts mags
[10:34] {nemo} we need the spy to drop
[10:34] {dino} hl l rba .63
[10:35] {magoo} yup
[10:35] {nemo} 50 ma at .10 also
[10:36] {magoo} any read aapl vad, thinking short
[10:36] {Threei} 253 break, maybe
[10:36] {Threei} but volatility is horrible
[10:37] {strider} short AKS .22
[10:37] {nemo} frickin' lamprey
[10:38] {strider} can you hear that sucking sound?
[10:38] {nemo} every night
[10:39] {Threei} start covering AAPL near .60
[10:39] {magoo} need more
[10:40] {Threei} as if market cares about what you need
[10:40] {nemo} water torture stock jeez
[10:40] {Threei} half should be covered here, stop to b/e
[10:40] {Threei} and try for next patial near .30 - .40
[10:43] {Threei} BP new bout of optimism
[10:44] {strider} out AKS +.03. cluck cluck
[10:44] {magoo} out
[10:47] {nemo} out .26 -07
[10:48] {magoo} good out
[10:48] {nemo} yeah, right at the top
[10:48] {nemo} it'll probably drop like a stone now
[10:49] {dino} ccmp sm l .10
[10:49] {dino} tyhat sucked
[10:49] {magoo} unfort i bet it tests the 200
[10:49] {magoo} 13.89 area
[10:49] {magoo} but hey
[10:51] {Threei} GS
[10:51] {dino} out rba -.11
[10:51] {Threei} .60 break
[10:51] {Threei} long
[10:52] {Threei} if holding .45
[10:52] {dino} ccmp stopped -.32
[10:53] {strider} short RBA .50
[10:54] {strider} stop .68
[10:54] {dino} lft sm l .65
[10:55] {Threei} i GESS IT WAS TWO-SIDED SETUP
[10:55] {dino} rba is strange
[10:55] {Threei} as helpful as it is
[10:55] {Threei} sorry caps
[10:55] {jfjf64} lol
[10:56] {nemo} frickin aks, shoulda' stuck with my original stop
[10:57] {magoo} ell..its just mkt falling here
[10:57] {magoo} well
06[10:57] * strider slaps nemo around a bit with a large bucket of ambivalation
[10:57] {strider} I have plenty to go around.
[10:59] {nemo} market/stock correlations are at 81% might as well play the etf's unless there's specific news
[11:00] {dino} fundies don't matter
[11:00] {dino} just follow markets
[11:01] {dino} ccmp rinse
[11:01] {magoo} magoo faints
[11:01] {magoo} [11:00] {dino} fundies don't matter
[11:02] {dino} you faint in the sand traps, i'm leaving you behind
[11:02] {Threei} lol
[11:03] {strider} I think that faint was a feint.
[11:03] {Threei} US) White House press secretary discusses new stimulus report released earlier today
[11:03] {Threei} - Report claims the Administration's recovery plan has boosted employment by 2.5-3.6M jobs, better than the 2.2-2.8M estimate from the last quarterly report issued by the CEA.
[11:03] {Threei} - The report also estimates the stimulus plan has raised US GDP by 2.7-3.2%
[11:03] {jfjf64} 3i thought ya were sleepin
[11:03] {Threei} I was... so?
[11:03] {strider} spy in c&h
[11:03] {strider} works
[11:04] {Threei} you don't think I am awake at any other timne of the day or year, jf?
[11:06] {jfjf64} gld
[11:06] {jfjf64} wow
[11:07] {strider} RBA persistent buyer at .50
[11:08] {dino} really big adder
[11:11] {strider} RBA CC tomorrow
[11:12] {strider} stop -.15
[11:13] {Threei} Long Setup: GLD 119 break
[11:13] {dino} lft to .15
[11:13] {dino} out +.50 lft
[11:16] {nemo} looks like spy wants to test morning highs
[11:17] {strider} stop GLD .85?
[11:18] {Threei} .85, .90...
[11:18] {Threei} a bit discretionary
[11:18] {Threei} feel free to take scalp or paretial
[11:18] {Threei} partial
[11:19] {strider} out 1/2 .10
[11:19] {strider} stop bal . 95
[11:19] {strider} bad exit
[11:21] {strider} managedd to turn that into a loss.
[11:21] {nemo} slap yourself with ambivalence
[11:21] {strider} no ambivalence. followed the rules.
[11:22] {strider} slipage on stop.
[11:22] {jfjf64} cien 5 min what trend line
[11:22] {strider} how are you handling GLD vad?
[11:22] {dino} better than shrinkage
[11:23] {nemo} depends on what's shrinking
[11:23] {strider} this isn't sex, dino. At least not for me. Can't speak for nemo.
[11:23] {Threei} scalping for me at this time of the day, strider
[11:23] {strider} took whole exit at 1:1?
[11:23] {Threei} at .12
[11:24] {jfjf64} .09
[11:25] {strider} {----looking up chapter on mid-day scalping...hmmm.
[11:34] {gregns} Vad INTC ?
[11:34] {dino} ccmp l .95
[11:34] {nemo} market up fcx not
[11:36] {nemo} short fcx .50
[11:36] {nemo} 1/2 out .40
[11:37] {nemo} b/e stop
[11:37] {strider} good call, nemo.
[11:37] {nemo} didn't go with market
[11:37] {Threei} greg, not sure... my initial instinct about shorting it was right,
[11:37] {strider} BP happy again
[11:37] {gregns} ty
[11:37] {Threei} but setup wise, not so obvious
[11:38] {Threei} it still feels to me like selling is not done, and it has more downside
[11:38] {nemo} out .31
[11:39] {nemo} lunch scalp
[11:40] {nemo} here comes scalper's regret
[11:42] {magoo} which vad? BP?
[11:42] {Threei} no mags, was talking about INTC
[11:42] {magoo} oh
[11:44] {dino} ccmp to .10 expect slip
[11:45] {dino} tighten
[11:47] {dino} to .23
[11:48] {dino} to .27
[11:53] {dino} to .29
[11:55] {magoo} sh rimm here
[11:55] {magoo} needs mkt
[11:56] {magoo} 55 stop
[11:57] {dino} to .34 ccmp
[11:59] {magoo} all my shorts fail
[11:59] {magoo} obviously mkt trend up
[11:59] {strider} dino. When you're out of CCMP and have time, would you explain how you'll execute the sell when you're moving up stops like in this case?
[12:00] {strider} magoo...boxers or briefs?
[12:00] {dino} out ccmp ave .38
[12:00] {dino} no, ave .36, +.41
[12:01] {Threei} BP US House committee proposes new regulations to restrict BP from receiving new licenses for drilling for a period of 7 years (36.58, -0.30, -0.81%) (related OIH PXD MMR STL.NO RDS.A )
[12:02] {Threei} what is it, purely vindictive law-making?
[12:04] {dino} yeah, you said it, piss off obama and exctortion happens
[12:04] {nemo} so, how do they expect them to pay if they remove potential revenue sources...IDIOTS!!!
[12:04] {dino} indeed
[12:07] {nemo} if fcx doesn't hold here look for a bounce around .80
[12:07] {nemo} oh goood....it's after noon
[12:08] {dino} chicken salad sandwich
[12:11] {dino} afam, amed, cvlt, lfc, lxk, lft, txi, ccmp, rba, rsh
[12:13] {dino} afam lod
[12:15] {Threei} Short Setup: BP .40 break
[12:16] {nemo} long .50?
[12:16] {Threei} I wouldn't
[12:18] {nemo} in
[12:18] {magoo} in
[12:19] {strider} stop bp?
[12:19] {Threei} .50
[12:22] {Threei} hmm
[12:22] {Threei} (US) US Treasury's Miller: Affirms debt auction sizes will be reduced through the course of the year; aiming to increase TIPS issues to meet demand
[12:22] {Threei} - Notes that can cut sizes the most in the 2, 3, 5, and 7 year
[12:22] {Threei} - Highlights that there remains a large interest in Treasuries, with volatility 'normal'
[12:23] {Threei} - Planning to issue $80-85B worth of TIPS for 2010 vs $58B in 2009
[12:23] {Threei} whatever
[12:23] {Threei} not going to overthink that
[12:23] {Threei} (as if I ever was eager to overthingk anythign else)
[12:25] {nemo} 1/2 out .32
[12:25] {nemo} ty
[12:25] {Threei} welkome as we says in kanada
[12:25] {Threei} 1:1
[12:26] {strider} cover .27 +.12 thks
[12:26] {gregns} ty
[12:26] {Threei} as we says before... welkome
[12:27] {strider} Is that the government sanctioned term?
[12:28] {strider} isn't is welkome komrades?
[12:28] {strider} it
[12:28] {Threei} ahhh
[12:28] {Threei} you are right, that;s where I got it from
[12:28] {Threei} old KGB habits die hard
[12:29] {strider} well, a komrade's got to do what a......you know.
[12:29] {Threei} larisa and ilana can confirm
[12:29] {Threei} comradettes
[12:29] {strider} komradinas.
[12:29] {strider} and dinos
[12:29] {strider} and nemos
[12:30] {dino} no, i'm just the dog
[12:31] {strider} so, dog...when you're tracking a stock up with your stops, and price drops and hits your stop.....you seem to be able to get very close to that stop....even on these thin stocks. What's your secret?
[12:31] {dino} hard stops
[12:32] {dino} computer does it
[12:32] {strider} does it execute at market?
[12:32] {dino} yes, don't use stop limits, when i want out i want out
[12:33] {strider} k.
[12:33] {dino} yesterday had slip issue on 3, today just one, only 3 cents
[12:33] {Threei} BP forms mini inverted H&S
[12:33] {nemo} yep...just gonna say
[12:34] {dino} w/stocks i tend to play, they move gappy so "get me out quick"
[12:34] {strider} got it.
[12:35] {nemo} needs to hold .35 methinks Vad
[12:35] {nemo} oh...we've got that non-event soon
[12:36] {strider} I don't see that pattern at all in BP
[12:36] {Threei} hour and half
[12:37] {nemo} well, the deltoids look pretty wussy, I'll give you that
[12:37] {strider} on a downward slope?
[12:37] {Threei} you are exclduing cone-shaped heads, strider :)
[12:37] {strider} they are from France.
[12:37] {Threei} that dive to under .30 we profited from is a head
[12:38] {Threei} see it now?
[12:38] {strider} I thought that was 2nd shoulder.
[12:38] {strider} head at 12 oon.
[12:38] {strider} noon.
[12:38] {Threei} nah, that would be way too lopsided
[12:38] {strider} you said hour and a half.
[12:39] {Threei} he who is shaped like this would have had serious troubles finding clothes
[12:39] {nemo} Strider...wtf
[12:39] {nemo} the head is around 12:15, when we shorted
[12:39] {strider} [12:36] {strider} I don't see that pattern at all in BP
[12:39] {strider} [12:36] {Threei} hour and half
[12:39] {Threei} {Threei} hour and half was a reply to nemo about FOMC minutes
[12:39] {nemo} the hour and a half was a reply to yeah that
[12:39] {strider} get SKYPE!
[12:39] {nemo} question, agressive break .40?
[12:39] {strider} :)
[12:40] {nemo} if holds .25
[12:40] {nemo} spy looks weak though
[12:40] {Threei} sure, but need closer stop
[12:40] {nemo} look bid
[12:40] {nemo} look offer
[12:40] {nemo} geez
[12:40] {Threei} I'd never trade such a wide range at this time as .25
[12:40] {nemo} .35 sorry
[12:40] {Threei} hey, we got our daily dose of idiocy
[12:41] {Threei} (EU) Reportedly EU nations to issue rules on carbon trading, auctions (related CARBX )
[12:41] {nemo} threeish typing
[12:41] {nemo} maybe breaks .38
[12:41] {Threei} EU has no most pressing problems, you see
[12:42] {Threei} and they need to tackle this right now, with their economy barely peeking out of...
[12:42] {Threei} ok, I'll shut up
[12:42] {strider} brb
[12:42] {nemo} oh well
[12:48] {nemo} in tza 34
[12:48] {Threei} (BR) Brazil Pres Lulu: Govt aiming to restrain some speculation in the commodities markets (related IYM RTP PBR BHP USD/BRL EWZ )
[12:48] {Threei} can I just fall in 100 years long coma?
[12:49] {Threei} I mean, I don't want to see how it all develops
[12:49] {nemo} wake up on the Planet of the Apes
[12:49] {Threei} but I am curious to take a peek how it all ends
[12:49] {nemo} 1/2 out .08
[12:50] {nemo} next target .15
[12:51] {nemo} 1/4 more
[12:51] {nemo} goes to 35
[12:51] {nemo} .35
[12:51] {nemo} maybe
[12:52] {Threei} British Petroleum plc Exec: May skip the pressure testing if it is determined that damage could come to the wellbore
[12:52] {Threei} - Will meet with Govt officials soon on whether to move forward on the well testing
[12:52] {Threei} hmmm
[12:53] {Threei} president meet Buffet today to discuss energy reform
[12:53] {Threei} does it make muxch sense to anyone?
[12:53] {dino} lfc drop
[12:55] {nemo} out .25 on tza
[12:55] {nemo} getting too close to the 200 ma on spy
[12:56] {nemo} look 15 minute on bp
[12:56] {nemo} .70-.75 area important
[12:58] {Threei} BP is getting frisky
[13:02] {Threei} *(US) TREASURY'S $13B 30-YEAR BOND REOPENING DRAWS 4.080%; BID-TO-COVER RATIO 2.89 V 2.87 PRIOR AND 2.70 AVE OVER THE LAST 7 REOPENINGS
[13:02] {Threei} - 39.23% alloted at high
[13:03] {Threei} Indirect bidders take 37.4% of competitive bids, 16.12% go to Direct bidders, Primary Dealers take 46.4%
[13:03] {Threei} - Median 4.039%, Low 3.97%
[13:09] {nemo} in tna .06
[13:09] {nemo} stop 42
[13:10] {strider} .
[13:13] {nemo} 1/2 out .15
[13:14] {nemo} stop to b/e
[13:17] {nemo} might have the IH&S on TNA
[13:18] {nemo} watch fcx here, break above .23
[13:19] {nemo} not sure myself
[13:19] {nemo} pivot point is in .10 area, solid support
[13:20] {Threei} Opposition politician found dead in Rwanda
[13:20] {Threei} ummm
[13:20] {Threei} can we send them all to Rwanda? Opposition and ruling?
[13:21] {nemo} out .30 tna
[13:22] {strider} good trade nemo
[13:22] {nemo} lucky, I got the bottom...unlike yesterday...I played off the spy 200 ma...funny they agree on the 1 minute and 5 minute chart today
[13:32] {nemo} .
[13:34] {nemo} bp might be a short this area
[13:35] {strider} KLIC, 5 min. interesting
[13:35] {dino} txi l .02
[13:41] {strider} vad look at the .05 offer on TXI please
[13:41] {strider} gone now.
[13:41] {jfjf64} .55 s lvs
[13:41] {jfjf64} lk 3i
[13:41] {strider} now at .06
[13:41] {Threei} ?
[13:42] {strider} offer on and off
[13:42] {Threei} yeah
[13:42] {Threei} some idiot playing
[13:42] {strider} what's that supposed to accomplish?
[13:42] {Threei} thinking he can create impression of activity
[13:42] {Threei} shrug
[13:42] {nemo} crissakes, miss my own BP short
[13:43] {magoo} i take offense to u calling me names
[13:43] {nemo} dork
[13:43] {Threei} sorry mags... I'll try to retsrain myself
[13:44] {nemo} db tna?
[13:44] {nemo} no siree
[13:45] {jfjf64} 1/1
[13:45] {jfjf64} out
[13:49] {nemo} spy at pivot
[13:49] {Threei} British Petroleum plc White House Press Sec: First priority is for BP to provide assurances to do no harm with testing
[13:49] {Threei} - Notes that scientists are currently meeting with BP on future steps
[13:49] {jfjf64} watchin lvs bounce
[13:49] {nemo} guess we're getting a tad to close to fomc
[13:50] {jfjf64} market gettin heavy
[13:50] {nemo} Now, TNA bounced off the 200 on the 5 minute earlier, a possible play for a scalp
[13:52] {nemo} it's .63
[13:53] {nemo} bounced there see if it holds
[13:53] {nemo} BP short Va?
[13:53] {jfjf64} what ya watchin nemo
[13:53] {Threei} probably...
[13:54] {Threei} .10 break
[13:55] {nemo} tna pivot .53, next likely bounce spot
[13:59] {strider} short BP .23
[14:00] {Threei} MINUTES OF 6/23 FOMC MEETING: OFFICIALS DO NOT SEE ASSET SALES FOR SOME TIME; MAY CONSIDER STIMULUS IF OUTLOOK WORSENS
[14:01] {nemo} that means outlook has worsened
[14:01] {dino} out txi -.02
[14:01] {Threei} meeting suggested that the economic recovery was proceeding at a moderate pace in the second quarter. Businesses continued to increase employment and lengthen workweeks in April and May, but the unemployment rate remained elevated. Industrial production registered strong and widespread gains, and business investment in equipment and software rose rapidly. Consumer spending appeared to have moved up further in April and May. However, housing starts dropped in May, and nonresidential construction remained depressed. Falling energy prices held down headline consumer prices in April and May while core consumer prices edged up.
[14:01] {Threei} White House Advisor Romer: Weak housing data suggests a self-sustaining recovery has not taken hold
[14:01] {Threei} why would it if you continue showering it with money
[14:01] {Threei} not letting market work itself out
[14:01] {Threei} idiots
[14:01] {strider} cover +.10 BP
[14:01] {Threei} sorry mags
[14:02] {nemo} yeah, it's like you can't have a down cycle
[14:02] {magoo} thats ok vad
[14:03] {nemo} rimm short?
[14:03] {nemo} eh, might be getting stronger
[14:04] {Threei} irritates me to no end
[14:04] {Threei} they intrude in mechanisms that can work only when fuel themselves
[14:04] {Threei} mechanisms start puttering,
[14:05] {Threei} they say uh oh - and increase intrusion,
[14:05] {Threei} mechanisms come to screeching halt
[14:05] {Threei} they say ouch, those mechanisms do not work, capitralism failed
[14:05] {Threei} and procdeed with even more intrusion
[14:06] {jfjf64} you sound angry big guy
[14:06] {Threei} mechanism gall apart, FUBARed
[14:06] {Threei} fall
[14:06] {Threei} they say, well, recovery doesn't take hold, we need more intrusion
[14:07] {Threei} I am not angry, jf.. I am bitter
[14:07] {Threei} I;'ve seen it already
[14:07] {Threei} I know how it ends
[14:07] {jfjf64} tell me pls
[14:07] {Threei} I hoped lessons of one failed country serve to another so it doesn't follow the same path
[14:07] {Threei} obviosuly it's not happening
[14:08] {strider} nice move by FCX
[14:08] {jfjf64} follow my friend
[14:08] {Threei} socialism has some irresistible lure, it seems
[14:08] {Threei} no matter how many times it fails, it creeps back in,
[14:09] {Threei} in each country and societu
[14:09] {Threei} it ended with total collapse for USSR
[14:09] {Threei} it will come to the same here if not stopped very soon
[14:10] {jfjf64} what makes me angry is i shorted lvs .55 break took 12 little cents that makes me angry
[14:10] {strider} fcx bounce?
[14:10] {jfjf64} not to get of subject
[14:10] {jfjf64} lol
[14:10] {Threei} I doubt it
[14:10] {Threei} market is headed down more I think
[14:11] {Threei} read this and weep:
[14:11] {Threei} (US) White House Advisor Romer: Weak housing data suggests a self-sustaining recovery has not taken hold
[14:11] {Threei} - Without more aid, economic recovery will likely fail to generate the growth needed to reduce unemployment.
[14:11] {Threei} - Obama Administration is looking forward to working with Congress on a plan to aid state and local businesses.
[14:11] {Threei} imbeciles still don't get that they CAN NOT create jobs
[14:11] {dino} lfc sm l .25
[14:12] {Threei} but they can spend you into oblivion trying
[14:13] {dino} "get out of the way", galt
[14:16] {nemo} spy lod
[14:17] {nemo} well, close
[14:19] {strider} long FCX .28
[14:19] {nemo} ballsy dude
[14:20] {strider} futs look good, .08 stop
[14:20] {strider} trigger .30 bought on pullback after it hit.
[14:20] {nemo} I like it
[14:22] {strider} lower entry would have been better , tough.
[14:22] {strider} though
[14:22] {strider} stop .16....serious slippage today.
[14:23] {nemo} 108.93 on spy is rubicon
[14:24] {strider} {-------assembles elephants.
[14:24] {nemo} thanks Hannibal....let's spread some salt ;)
[14:25] {strider} knee deep in muddy water.
[14:26] {nemo} o.k. .75 support for spy
[14:26] {nemo} vaseline please
[14:26] {Threei} 14:10] {Threei} market is headed down more I think
[14:26] {Threei} still true
[14:27] {nemo} yeah, might close the gap
[14:33] {nemo} in fcx .08 stop 63
[14:34] {nemo} 1/2 out .16
[14:35] {jfjf64} nice nemo
[14:35] {nemo} ty all out .25
[14:35] {nemo} where's that toilet paper
[14:35] {jfjf64} lol
[14:36] {nemo} love bottom hunting but it gives me sphincter cramps
[14:36] {magoo} GS bounce vad??
[14:36] {strider} thanks for sharing.
[14:36] {Threei} probably mags, must be close
[14:36] {dino} yuk
[14:36] {jfjf64} leave 3i alone today bitter
[14:36] {Threei} lol
[14:37] {jfjf64} comon 3i
[14:37] {Threei} you can't go ogg that jf,
06[14:37] * strider slaps Threei around a bit with a large soapbox.
[14:37] {Threei} you'd have to leave me alone pretty much forrever {GGG}
[14:37] {nemo} Les maybe, you....nah
[14:37] {nemo} Gawd it's been a pleasant week
[14:38] {jfjf64} where is les
[14:38] {nemo} o.k. scalpers regret again
[14:38] {nemo} Italy
[14:38] {jfjf64} nice
[14:38] {nemo} depends on where you are
[14:38] {strider} he's being detained at the airport.
[14:38] {magoo} lol
[14:38] {nemo} probably in quarantine
[14:39] {magoo} cavity search
[14:39] {strider} now nemo will want to go.
[14:39] {dino} :s
[14:39] {dino} rsh l .14
[14:39] {nemo} been there enough
[14:40] {nemo} IH&S on tna?
[14:41] {nemo} fcx is stuck at a pivot resistance, break on volume .40 is a buy
[14:41] {jfjf64} .30 break
[14:41] {strider} I had a job once...long time ago...putting new tile floor in gay bar. Sign on the bathroom door said 'deliveries in rear.'
[14:41] {nemo} no volume so far
[14:41] {Threei} yes, but I'f geel m,uch dsafer playing it off pullback closer to 41
[14:42] {magoo} id rather short a bounce
[14:42] {Threei} gosh... typing
[14:43] {dino} saw a signon pub once, "back door inn"
[14:43] {magoo} so dino rushed right in
[14:43] {Threei} lol
[14:43] {nemo} Barney Frank's Bar
[14:43] {dino} no, in milford magoo, you do the math
[14:43] {nemo} sorry
[14:43] {strider} The bar was called the "Bar None".
[14:44] {Threei} here comes TNA
[14:44] {dino} favorite saying in gay bar?
[14:44] {magoo} vad TNA?
[14:44] {nemo} can I push in your stool?
[14:44] {strider} you told us this last week, dino.
[14:44] {Threei} bounce ready I think
[14:44] {strider} sorry, nemmo.
[14:44] {dino} opps
[14:45] {nemo} It's getting late
[14:45] {strider} Everytime you type opps, I try to pull up the chart dino.
[14:45] {nemo} frickin' hillbilly
[14:45] {dino} lol
[14:45] {strider} That's the best kind, nemo.
[14:45] {nemo} hehehe
[14:46] {strider} bull flag AMZN?
[14:47] {nemo} missed tna
[14:47] {nemo} looking at amazon
[14:47] {Threei} not sure AMZN
[14:47] {Threei} you must have missed it twice nemo
[14:47] {Threei} it tested around 41.05 twice
[14:48] {Threei} feel free to exit magoo
[14:48] {dino} nice mkt call 3i
[14:48] {Threei} ty
[14:48] {Threei} jf... did you take TNA?
[14:48] {jfjf64} no
[14:48] {Threei} 'cause if not, why do I bother waking up and overcome my bitterness for you!! {G}
[14:48] {jfjf64} lol
[14:49] {Threei} {-- back to sleep and botterness
[14:49] {Threei} bitterness
[14:49] {strider} Sounds like Raskolnikov is back.
[14:49] {Threei} and I di have ax handy
[14:49] {jfjf64} not yet market poppin
[14:49] {dino} lfc to .38
[14:50] {strider} Just remember. Never bring an ax to a gunfight.
[14:50] {nemo} depends
[14:50] {strider} bowels again nemo?
[14:50] {nemo} ?
[14:50] {strider} Depends.
[14:50] {nemo} ahhhh nice
[14:50] {nemo} not yet
[14:50] {strider} If you say so. :(
[14:51] {nemo} gotta' put the baby lotion on so they don't chafe
[14:51] {strider} market up or down, larisa?
[14:52] {strider} We know what Raskolnikov thinks.
[14:52] {dino} that intc gets no respect
[14:52] {dino} out lfc slipped to .37,+.12
[14:54] {dino} afam lod
[14:54] {jfjf64} lvs gettin ready to break .25
[14:55] {Threei} Obama Quietly Huddles with Buffet
[14:55] {strider} The meatloaf is good.
[14:55] {Threei} darn... all your gay talk made me envision it so very differently...
[14:56] {magoo} me too
[14:56] {nemo} ?
[14:56] {Threei} as old soviet saying went, mags,
[14:56] {dino} cuddles?
[14:56] {Threei} if you think what I do, shame ojn you
[14:57] {strider} long AMZN 123.00 small
[14:58] {dino} amed sm l .05
[14:58] {nemo} bidu short?
[14:58] {strider} stop .70
[14:59] {nemo} maybe not
[15:01] {jfjf64} any takers lvs
[15:02] {jfjf64} .25 break
[15:02] {strider} I hate AMZN
[15:03] {Threei} Long Setup: INTC .55
[15:03] {jfjf64} half out
[15:04] {Threei} nice jf
[15:04] {dino} rsh to .23
[15:04] {Threei} INTC, if stays above .50 of course
[15:04] {dino} amed to .25
[15:04] {dino} oiut amed +.20
[15:04] {dino} out rsh, +.09
[15:07] {Threei} invaliadetd
[15:09] {strider} stop AMZN -.31
[15:09] {strider} cripes.
[15:09] {strider} stop too tight.
[15:17] {Threei} Short Setup: BP .10 break
[15:18] {Threei} if stays under .15
[15:18] {Threei} invalidated
[15:18] {jfjf64} that was fast
[15:18] {jfjf64} lol
[15:18] {Threei} ok
[15:18] {Threei} in
[15:18] {Threei} vaaaa
[15:18] {Threei} leeee
[15:18] {nemo} quite polite of it actually
[15:18] {Threei} daaated
[15:19] {jfjf64} you need drink
[15:19] {jfjf64} we all do
[15:19] {jfjf64} 7 trades today evev for day
[15:19] {jfjf64} me
[15:20] {nemo} I'm 5 for 7
[15:20] {jfjf64} me too
[15:20] {jfjf64} figure
[15:20] {nemo} how is it that your even?
[15:21] {jfjf64} dont stay in trades
[15:21] {jfjf64} mess
[15:21] {nemo} ahhhh....know that well
[15:21] {nemo} I'm molting feathers right now
[15:21] {nemo} moulting
[15:21] {nemo} molting
[15:21] {nemo} ?
[15:21] {jfjf64} very frusttrating
[15:21] {Threei} US Chamber of Commerce: Obama's White House Policies Prevent Job Creation
[15:21] {nemo} the hillbilly will know
[15:21] {strider} Need to borrow vad's hatchet.
[15:21] {nemo} yeah, chicken out when things are going good
[15:21] {nemo} stay in when they're going bad
[15:22] {nemo} just like relationships
[15:22] {nemo} :)
[15:22] {jfjf64} enough with this guy a MESS
[15:22] {jfjf64} LOL
[15:22] {jfjf64} gotta watch caps
[15:22] {jfjf64} 3i will get bitter
[15:23] {nemo} bidu might be interesting here not sure which way
[15:23] {Threei} you mean bitterER
[15:23] {jfjf64} lol
[15:23] {Threei} :)
[15:23] {jfjf64} nice nemo
[15:23] {jfjf64} let me know when ya fig out
[15:23] {nemo} well, significant resistance, but could be shorrt
[15:23] {jfjf64} watchin bp
[15:24] {nemo} watch tza bounce at in this area, 200 at .50
[15:24] {nemo} spy near pivot
[15:24] {nemo} and 200 itself
[15:24] {strider} I wanta re-run the
[15:24] {strider} AMZN trade.
[15:24] {jfjf64} you got this down
[15:24] {jfjf64} sound lk ya know what ya doing
[15:24] {nemo} well, kinda' tza/tna play off spy
[15:24] {Threei} BP Schedules press briefing on technical issues on cap for 18:00ET (36.17, -0.71, -1.93%)
[15:24] {jfjf64} ty
[15:25] {nemo} it's getting to be like shooting gophers
[15:25] {jfjf64} been following today
[15:25] {strider} stick rifle barrel down gopher hole. Fire.
[15:26] {jfjf64} intc
[15:27] {jfjf64} you lk 3i
[15:28] {Threei} nah
[15:28] {jfjf64} just nah
[15:28] {dino} shooting golers
[15:28] {jfjf64} lol
[15:32] {nemo} how do I reconnect Laser without rebooting?
[15:32] {strider} file.connect
[15:32] {strider} file} connect
[15:32] {nemo} yeah, DF me
[15:32] {nemo} well, it croaked it anyway
[15:32] {strider} ?
[15:33] {nemo} lost connection for a few minutes...
[15:33] {nemo} jf...bidu was a short ;)
[15:33] {jfjf64} i see
[15:33] {jfjf64} lol
[15:36] {strider} GSK
[15:36] {Threei} GSK *FDA ADVISORY PANEL ON AVANDIA (ROSIGLITAZONE) RECOMMENDS: 12 MEMBERS VOTE TO WITHDRAW FROM MARKET; 10 MEMBERS TO ALLOW CONTINUED MARKET REVISING LABEL FOR ADDITIONAL WARNINGS,
[15:38] {strider} short .55
[15:39] {nemo} nice strider
[15:39] {strider} cover .25
[15:39] {strider} cluck cluck
[15:39] {nemo} for 30 seconds work
[15:39] {nemo} call ya' mutha
[15:40] {dino} gj
[15:40] {nemo} my frickin' connection goes down when I was waiting on tza...I know, call my mother
[15:42] {dino} lft l .70
[15:43] {nemo} hope your stop is below .50
[15:45] {dino} .49
[15:45] {nemo} cool
[15:45] {nemo} gonna' be tight timewise
[15:46] {dino} been bouncing here all day
[15:46] {nemo} do I go for .55?
[15:47] {nemo} nope
[15:48] {strider} odd response to GSK ruling. Looks like a long here.
[15:48] {Threei} it's not ruling
[15:48] {Threei} it'a panel recommendation
[15:48] {strider} ah.
[15:49] {Threei} The agency will make the final call in the coming months but usually follows the advice of its panels
[15:49] {strider} We need to get our own panel. And make recommendations.
[15:49] {strider} Issue upgrades/downgrades.
[15:49] {Threei} and majority of panel called for changes in label
[15:50] {strider} Yeah. I saw that part. Just thought that was a done deal.
[15:50] {strider} But it's just 'usually' a done deal.
[15:51] {Threei} (US) US Senator Dodd (D-CT): Possible that "one or two" more Republican lawmakers may back the FinReg bill
[15:51] {Threei} - May hold hearings in late 2010 with financial regulators on plans to implement the bill
[15:52] {Threei} correction to above post:
[15:52] {Threei} US Chamber of Commerce: Obama's White House Policies Are "Job-Destructing"
[15:59] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {jfjf64} gn
[16:00] {dino} stopped lft -.13
[16:00] {strider} Thanks vad.
[16:00] {strider} Rasky.
[16:00] {strider} Raskie.
[16:01] {dino} gotta hop, tee time
[16:01] {dino} thx all very good day
