Tuesday, July 20, 2010

Jul 20 2010

Somewhat tiresome and empty day. Some trades worked, some didn't, some gave profit on first partial and stopped the balance... overall, could just as well take the day off. Total opposite of yesterday. No good chart to post either.

Session Time: Tue Jul 20 00:00:00 2010
[08:33] {Threei}  *(US) JUN HOUSING STARTS: 549K V 580KE; BUILDING PERMITS: 586K V 575KE (housing starts lowest since April 2009)
[08:35] {Threei}  The Goldman Sachs Group Inc Reports Q2 $2.75 (ex items) v $2.08e, R$8.84B v $8.9Be
[08:35] {Threei}  - EPS at $0.78 incl items, ROE at 7.9%:
[08:35] {Threei}  - ROE: 9.5% (ex impacts from UK tax and SEC settlement) v 20.1% q/q
[08:35] {Threei}  - Tier 1 Capital Ratio under Basel I at 12.5% v 15% q/q
[08:35] {Threei}  - Net investment banking revenues $917M, -36% y/y, -23% q/q
[08:35] {Threei}  - Trading and principal investments revenues $6.55B, -39% y/y, -36% q/q
[08:36] {nemo} mmhhhh....
[08:47] {dino} gm all
[08:48] {hawk} morning
[08:48] {Threei}  dino, hawk :)
[08:48] {strider} morning dino, hawk, vad, et al.
[08:49] {Threei}  strider :)
[08:54] {Threei}  (FR) Reportedly French banks pass EU stress test - Le Monde (related BNP.FR ACA.FR GLE.FR )
[08:54] {Threei}  hmmm... I envisions a lot of french banksters dead drunk, frolicking in the pools and chasing each other in Florida resorts
[08:55] {Threei}  -s
[08:56] {hawk} hmmm, that you may have wanted to keep to yourself ;)
[08:56] {Threei}  no way
[08:56] {Threei}  I was trying to get rid of the image
[08:56] {hawk} lol
[08:56] {Threei}  it's very damaging
[09:00] {Threei}  MNKD FDA Accepts AFREZZA Complete Response Resubmission and Sets Target Action Date (6.21, 0.00, 0.00%)
[09:02] {dino} whr beats big and drops
[09:03] {nemo} does not bode well for the market
[09:03] {Threei}  guides higher too
[09:03] {magoo} morn
[09:03] {Threei}  magoo :)
[09:04] {Threei}  just another example of market not being a subject of straighforward logic
[09:04] {nemo} so, the market is a woman?
[09:04] {Threei}  and a reason for those who think good news should mean upward move to scream about manipulation again
[09:05] {nemo} I checked the attendance before I said that :)
[09:05] {Threei}  it's OK nemo, I'll copy it and dcc to all the gals when they connect
[09:05] {Threei}  don't you worry about your labor being in vain
[09:06] {nemo} Thanks, pal...
[09:06] {Threei}  always
[09:06] {Threei}  oh, and if any of them takes a day off, I'll e-mail
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:13] {nemo} hi lari ;)
[09:14] {larisa} vad, nemo :)
[09:21] {shorty} gm
[09:21] {strider} WHR .25-.49 +.24
[09:21] {dino} gj
[09:21] {Threei}  shorty :)
[09:23] {lilyd} good morning, except to nemo
[09:23] {i2romantis} morning all
[09:23] {Threei}  lily, i2r :)
[09:23] {Threei}  nemo's in troubles
[09:25] {lasertrev} morning all
[09:25] {nemo} oh well
[09:25] {Threei}  trev :)
[09:27] {magoo} could get REAL ugly today vad
[09:28] {strider} why would vad get ugly today?
[09:28] {Threei}  I don't mind
[09:28] {Threei}  not a big departure from daily reality for me anyway
[09:31] {dino} mind the gaps
[09:31] {ese} morning
[09:31] {Threei}  ese :)
[09:32] {Threei}  LVS, dive closer to .90 would be interesting
[09:33] {ese} anyone thinkin L txn
[09:33] {Threei}  IBM really frisky this morning
[09:34] {shorty} report bad earnings?
[09:34] {ese} street expected 3.52 bil they report 3.5 bil
[09:34] {magoo} TUP too bioss
[09:34] {jfjf64} mornin
[09:35] {ese} sheesh
[09:35] {Threei}  jf :)
[09:35] {dino} whr sm l .00
[09:35] {Threei} Short Setup: IBM  .70 break half lot
[09:35] {Threei}  invalidated
[09:36] {Threei}  idea is still there, need different trigger
[09:36] {nemo} edgx quotes again
[09:36] {Threei}  grrr
[09:36] {Threei}  124 was it, too fast
[09:36] {jfjf64} short
[09:37] {Threei}  shoot me now
[09:37] {nemo} wish you were closer
[09:38] {dino} lol
[09:38] {Threei} Long Setup:  LVS  .35 break
[09:39] {Threei}  if stays above .25
[09:40] {Threei}  invalidated
[09:41] {ese} dino....athr
[09:41] {ese} price target raised....gapped dn 2 and change
[09:42] {Les} good morning
[09:42] {ese} les
[09:42] {Threei}  les :)
[09:42] {Les} nice reversal play on apol vad yesterday
[09:42] {Threei}  ty
[09:42] {ese} I have a bstop in at 28.21
[09:43] {shorty} AKS Threei?
[09:44] {strider} long LVS .20-.30 +.100
[09:44] {shorty} I went l .72 AKS
[09:44] {shorty} .71
[09:44] {Threei}  I am not a fan of such break
[09:45] {shorty} ok....
[09:45] {Threei}  if this market push takes it to .80 or so, I'd dump it
[09:46] {shorty} You got it
[09:46] {lilyd} CLF?
[09:46] {nemo} ibm again
[09:47] {Threei}  scary thing, CLF...
[09:47] {Threei}  I'd hunt for short, small shares
[09:47] {Threei}  move over .50, consolidation, breakdown
[09:47] {shorty} out AKS +.12
[09:47] {Threei}  let's say .45 break if stays under .60
[09:48] {shorty} Thanks for spoting an out for me Threei
[09:48] {ese} l athr 1/2 .24   lousy fill
[09:49] {Les} CAT not following market higher.
[09:49] {magoo} fcx 2 point tear
[09:49] {Threei} Long Setup:  IBM  .55 if holding above .40 half lot
[09:49] {Threei}  what the deuce... late again
[09:49] {ese} out athr .39 +.15
[09:50] {Threei}  ok, same setup
[09:50] {Threei}  not a scalp for me
[09:51] {Threei}  1:1 half out
[09:51] {Threei}  stop to under .50
[09:51] {dino} mant sm l .75
[09:52] {Threei} Short Setup: STT  .50 break
[09:53] {Threei}  half lot
[09:53] {ese} dino......just a suppose.....if you had bought athr you'd still be holding on wouldn't you
[09:53] {Threei}  if stays under .65
[09:53] {Threei}  balance IBM stopped
[09:53] {ese} man that thing is up .50
[09:53] {ese} have a look for me
[09:53] {dino} where at
[09:53] {nemo} market going to close gap
[09:54] {ese} .21
[09:54] {dino} yes
[09:54] {ese} i figured
[09:54] {dino} whr rock n roll
[09:54] {Threei} Long Setup:  RIMM  .30 break
[09:54] {Threei}  if stays above .20
[09:55] {nemo} damn market's going to retrace now
[09:58] {Threei}  no go RIMM
[09:58] {nemo} Yeah market hit overnight low, then retraced, everything went with it
[09:59] {jfjf64} lvs  pullbk
[09:59] {Threei}  LVS, long from about .40 would be interesting
[09:59] {jfjf64} y
[10:00] {_wyousuf} you are in RIMM vad??
[10:00] {nemo} stopped out LOOONG time ago
[10:00] {Threei}  it got stopped when broke .20
[10:00] {_wyousuf} ok
[10:00] {Threei}  [09:54] {Threei} if stays above .20
[10:02] {Threei} Short Setup: FCX  .25
[10:02] {Threei}  half lot
[10:02] {Threei}  things are jumpy
[10:02] {Threei}  stop above .40
[10:03] {dino} mant stopped
[10:04] {nemo} dropped too fast
[10:04] {Threei}  wanted X short too, couldn't see clean trigger...
[10:04] {strider} s FCX .25
[10:04] {jfjf64} lvs  coming  dn
[10:04] {magoo} rimm chart hammered
[10:04] {magoo} 61.60 easy possibility FCX
[10:05] {ese} aye!!!!!! hang on Scotty shes going to blow
[10:05] {Threei}  lol
[10:05] {nemo} Dummy....I skipped it
[10:05] {magoo} and yet it holds pretty well
[10:05] {Threei}  1:1 FCX
[10:05] {ese} to get full effect of my last post you have to read the last 12 posts really fast
[10:06] {Threei}  scalpers win
[10:06] {dino} lol
[10:06] {magoo} i bet nopbody won
[10:06] {magoo} to fast
[10:06] {Threei}  unless you had order in
[10:06] {magoo} correct
[10:07] {Les} had order in, but didn't stop rest at b/e. stupid.
[10:08] {Threei}  standard procedure is there to exclude thinking at the execution time
[10:09] {Les} yeh woke up from snooze. still half asleep. market moving faster than me.
[10:09] {magoo} its one of the hardest to trade
[10:09] {magoo} athough its a mover
[10:09] {Threei}  X, two-sided setup
[10:09] {Threei}  .10 break long
[10:09] {Threei}  oh boy
[10:09] {Threei}  never mind :)
[10:10] {Les} damn whr shaking out
[10:10] {jfjf64} lol
[10:10] {hawk} JMP nice consolodation
[10:10] {Threei}  idea was .10 break lng or 42 break short, whichever comes first
[10:10] {hawk} JPM
[10:11] {Threei}  long triggered and worked, but did so faster than I could blink
[10:11] {magoo} i just reversed FCX long .40 0ut .65
[10:11] {magoo} take that FCX
[10:12] {Les} wow whr dump
[10:12] {magoo} RIMM interesting here vad
[10:13] {Threei}  it is but market pulls back again
[10:13] {Threei}  normal setu would be .70 long if holding .60
[10:13] {Threei}  probably is
[10:13] {Threei}  with 1:2 target
[10:15] {Threei}  invalidated
[10:15] {nemo} look for spy bounce between here and .05
[10:15] {Threei}  US) Fox's Gasparino: Pay Czar Feinberg to announce plans for clawbacks as early as this upcoming Friday
[10:15] {Threei}  - Reminder: On 6/4 Gasparino noted that in the next few weeks, Pay Czar Feinberg may be looking to pursue clawbacks from some financial firms for 2008 compensation
[10:15] {jfjf64} lvs  vad
[10:16] {Threei}  I don't see anything clear, marlet moves with no discernable pattern
[10:16] {Threei}  tries to establish downtrend,
[10:16] {Threei}  double top and lower highs since then
[10:17] {Threei}  see it on 1 min?
[10:17] {nemo} leen more long but .70 is resistance
[10:17] {nemo} lan
[10:17] {nemo} lean
[10:17] {nemo} oy
[10:17] {magoo} in rimm
[10:17] {nemo} lvs
[10:19] {Threei}  ok, assuming that's what market is forming,
[10:19] {Threei} Short Setup: LVS  .60 break
[10:19] {magoo} looking .90 area rimm
[10:19] {Threei}  invalidated
[10:20] {Threei}  seems to be word of the dayt
[10:20] {magoo} out .93 + .27
[10:20] {Les} messy market
[10:20] {nemo} all moving with spy
[10:20] {Les} nice catch mags
[10:21] {magoo} all the pros on real money said spy 106.55 the top resisistance to breach
[10:21] {magoo} right there
[10:21] {magoo} bottom strong support 104.80
[10:24] {Threei} Short Setup: GS  .60 break small shares
[10:24] {Threei}  stop above .75 - .80
[10:32] {Threei}  CPKI Ticks higher on speculation that final bids may be in and CPKI could fetch over $20/share
[10:32] {jfjf64} lvs  drop
[10:33] {nemo} look at spy jf
[10:33] {jfjf64} i see
[10:33] {ese} ya just can't win for trying somedays....i had been following aks for about a week waiting for today......and still bloody missed it
[10:34] {Threei}  not finding anything remotely looking like valid setup
[10:35] {dino} whr sm l .30
[10:37] {Les}  good score. I hesitated
[10:37] {dino} out whr .32, +1.02
[10:38] {ese} well done dino
[10:38] {Threei}  wtg
[10:38] {strider} let's see.  where's that bundle of whipping cash.
[10:38] {dino} thx
[10:38] {strider} ?
[10:38] {shorty} wow...nice one
06[10:38] * nemo slaps dino around a bit with a large roll of cash
[10:38] {strider} there it is.
[10:39] {ese} a good cash whipping........thats the ticket
[10:39] {nemo} spy about to hit 200 ma on 5 minute...
[10:40] {ese} L athr .84
[10:40] {strider} short PEP .25, stop .40
[10:45] {nemo} frickin' fcx looks like spy
[10:45] {dino} whr sm l .65
[10:46] {strider} stop  PEP -.15
[10:46] {strider} long PEP .40
[10:47] {nemo} where's your stop dino...whr breaks that trend line could get ugly fast
[10:47] {ese} athr stopped .60 -.24 daaaaaaaa
[10:49] {nemo} oy vay whr
[10:49] {dino} .35
[10:51] {dino} out whr .45, +.80
[10:51] {nemo} short or long?
[10:52] {dino} was long
[10:52] {nemo} my chart must be screwed up then
[10:52] {dino} in 87.65, out 88.45
[10:52] {nemo} oh
[10:52] {dino} making higher hi higher lows
[10:53] {nemo} you were late on the post...I see
[10:53] {dino} no i was there, it went to .50s after posted
[10:53] {strider} stop PEP +.03
[10:53] {nemo} what time you enter the trade?
[10:53] {dino} when posted
[10:54] {nemo} my chart really screwed up
[10:54] {Les} can't see the tape showing .65. good entry dino
[10:54] {dino} wow, printed it like crazy and dropped, whatever...
[10:54] {nemo} my chart shows a candle 88.38-.80
[10:55] {nemo} software trouble
[10:57] {dino} there again
[10:57] {Les} shows clearly here
[10:57] {nemo} yep fine here now
[10:57] {Les} whatever. great entry
[10:58] {nemo} jumpy
[11:00] {Threei}  so, market looks like drift lower
[11:00] {Threei}  do we dare to short
[11:01] {Threei}  lol, look at it
[11:01] {dino} feels range bound to me
[11:01] {Threei}  was it waiting for me to say that?
[11:01] {ese} L xlnx .59
[11:01] {Les} yeh I'm happy to wait
[11:02] {Threei}  let's try it again:
[11:02] {Threei}  so, market looks like climbing up
[11:02] {Threei}  do we dare to g long
[11:03] {nemo} bouncing off 200 ma 5 min resistance so far
[11:03] {magoo} GS conf call begins shortly
[11:05] {ese} stop to break even xlnx
[11:05] {ese} .60
[11:06] {Threei}  yup, works like charm
[11:07] {Threei}  so, we got our trading strategy for today
[11:07] {Threei}  I say what chart indicates, you go George Costanza on me
[11:07] {strider} imports or exports?
[11:07] {dino} whr sm l .85
[11:07] {Threei}  rather sell latex
[11:08] {ese} athr ticks me off......sheesh
[11:08] {ese} i got suckered....plain and simple
[11:09] {ese} out 1/2 xlnx .71 +.12
[11:09] {ese} 2k to go
[11:10] {magoo} nice
[11:10] {ese} tks
[11:10] {ese} stop to .70 tight remaining pos
[11:10] {dino} gj
[11:11] {gregns} tks dino on whr
[11:12] {dino} :D
[11:12] {ese} out in full xlnx .77 +.18
[11:13] {dino} nice
[11:14] {shorty} l HAL .25
[11:14] {ese} tks
[11:15] {ese} hmmmmm  I Hal......shall take this stock.....to have and to hold....until death do me part
[11:15] {shorty} lol
[11:15] {ese} I thought that was witty.......don't you think?
[11:16] {shorty} it was good ese
[11:16] {ese} tks
[11:16] {shorty} wanted to say gongrats on your team Spain for the win, but you were away.
[11:16] {shorty} congrats
[11:17] {ese} me......was pulling for the Dutch
[11:17] {Les} HOG at vwap here. was looking for bounce but might just keep dropping
[11:17] {ese} ?
[11:19] {ese} mrkts saying something here..........it's had enough of the last 4/5 month sell off   imo
[11:19] {nemo} spy pivot at .04 but expect it to close the gap from yesterday
[11:20] {dino} out whr .95, +1.10
[11:20] {gregns} great job
[11:20] {dino} thx
[11:21] {ese} talk about a cash cow!!!!!! dino!
[11:21] {shorty} dino....you are kicking ass today..awesome
[11:21] {dino} just lucky, sucked yesterday
[11:22] {ese} ya but your nailing whr........excellent
[11:23] {Threei}  I couldn't possibly chase this market here in good conscience
[11:24] {shorty} out HAL -.06
[11:24] {Threei}  going to wait for clean short setup to form, or stay on a sideline if it doesn't
[11:25] {shorty} I think I will call it a day if things don't change in the next 30 min or so.
[11:25] {dino} why you so short sighted? since 9:40 it is up
[11:25] {Les} small s HOG .36 stop above .50
[11:25] {Threei}  did I say I was set to short from back then?
[11:25] {Threei}  xcalls were on both sides
[11:25] {dino} ok
[11:26] {jfjf64} stop  thinkin
[11:26] {Threei}  at this point, I can't justify firther longs
[11:26] {dino} gut says up, we are at odds (as usual)
[11:26] {jfjf64} pullbk
[11:26] {jfjf64} up
[11:27] {jfjf64} pullbk
[11:27] {Threei}  I am not saying we go up or down
[11:27] {Threei}  I am saying:
[11:27] {jfjf64} up
[11:27] {Les} spy pivot resistance .05
[11:27] {Threei}  I am not going long here as risk is way too high
[11:27] {Threei}  and I am going to try short IF according setup forms
[11:27] {strider} OK.  I'm with you fellows.
[11:28] {Les} 1:1 hog
[11:28] {jfjf64} lvs  off  ma
[11:28] {jfjf64} all
[11:28] {jfjf64} day
[11:28] {magoo} im with vad (cant believe i said that :)
[11:28] {dino} gj les
[11:28] {Les} just shy of 1:1 still in looking for 1:2
[11:28] {ese} were you short hog les?
[11:29] {Les} y
[11:29] {ese} nice
[11:29] {ese} i've been watching it to go long
[11:30] {ese} it will bounce......it's had a good earnings report
[11:30] {Les} could still. just bounced on a support zone. but looking weaker imo. hopefully gonna get market help here
[11:31] {jfjf64} im  gonna  go  water  my  plants
[11:32] {ese} well done to this point ...carry on
[11:32] {Les} close enough to 1:1. stop above .40. wary of a snapback
[11:33] {Threei} Short Setup: HAL  .17 if stays under .25
[11:34] {magoo} in
[11:35] {Threei}  1:1
[11:38] {_wyousuf} so the stop would be anything over .25 for HAL???
[11:38] {Les} hog is covered +.20
[11:39] {Les} bingo wyo. have a finger on the sell button as it approaches and PASSES .25
[11:39] {_wyousuf} am i correct??
[11:40] {Threei}  yes
[11:40] {Les} HAL covered +.08
[11:41] {ese} hog is still working for you to les
[11:41] {jfjf64} heavy  mkt
[11:41] {Threei}  remember yesterday before market open I showed you how setups look?
[11:41] {Threei}  let me repost:
[11:41] {Threei}  [09:18] {Threei} when particular call is made it will look like this:
[11:41] {Threei}  [09:18] {Threei} Long Setup: ABCD 20 break if stays above 19.90
[11:41] {Threei}  [09:18] {Threei} which means, enter ABCD when 20 is broken, stop is under 19.90
[11:42] {_wyousuf} ok
[11:42] {_wyousuf} thnx and sorry
[11:43] {Threei}  no need
[11:43] {Threei}  it takes longer than 30 min to learn our approach :)
[11:43] {Les} ese you don't read my posts do you :(
[11:43] {Threei}  don't feel bad Les, he has me on ignore too
[11:43] {Les} yeh noticed that
[11:43] {Les} trying to play his sax and trade at the same time...
[11:44] {strider} he's a drummer, les.
[11:44] {strider} bada -boom.
[11:44] {dino} sm l whr .55
[11:45] {ese} L gild .69
[11:47] {strider} L GILD .70
[11:47] {dino} whr stop is .19
[11:50] {Threei}  look at this and tell me if it's not invoking satrong puking reflex:
[11:50] {Threei}  (US) Fed's Tarullo: There is no reason to believe that US banks will have trouble getting the captial they need
[11:51] {Les} well he's right
[11:51] {Threei}  read: bailouts are now part of the deal
[11:52] {magoo} stuck quotes bad..server vad?
[11:52] {Threei}  6 and 1
[11:53] {dino} whr stopped
[11:53] {strider} short  BP .39
[11:53] {dino} and rinsed
[11:53] {strider} stop GILD -.06
[11:54] {Threei} Short Setup: LVS  .20 break
[11:55] {magoo} ok, in
[11:55] {Threei}  if stays below .30
[11:55] {magoo} i hate that he he
[11:55] {Threei}  the high before this break is .25
[11:55] {Threei}  but stop feels way too tight
[11:56] {Threei}  and if market finally breaks down, LVS has a lot of downside
[11:56] {magoo} usually does NOT hold its gains well either
[11:57] {Les} haha funny for a casino stock
[11:57] {Threei}  lol
[11:59] {strider} stop BP  +.02
[12:01] {Les} pivot support here for lvs. why it hesitates
[12:01] {nemo} also tren support
[12:01] {Les} hmm chicken and egg no?
[12:01] {nemo} multiple support lines
[12:02] {nemo} offfer at .20
[12:05] {strider} stop LVS flat
[12:05] {nemo} long 21
[12:06] {nemo} 1/2 out .26
[12:08] {nemo} out balance .26
[12:08] {nemo} spy weakening
[12:08] {dino} sm l whr .25
[12:09] {ese} ah haaaa....i see you' ve been talking about me........well !!!!!!  I'll have you know that i represent those remarks
[12:09] {nemo} very well I might add...
[12:10] {strider} spittin' image.
[12:11] {ese} sticks and stones......may......????? tick me offf....but........hmmmmmmm  am losin it here
[12:11] {nemo} in lvs again .31
[12:11] {nemo} stop under .25
[12:11] {ese} come on gild.......
[12:12] {ese}  higher low here should do it
[12:14] {strider} BP
[12:14] {Les} frikin rinse
[12:15] {Les} shorted lvs .24 half out .20 holding out here
[12:16] {Les} 1/4 more covered .15
[12:16] {Les} wow there she blows!
[12:16] {Les} holding out for .90
[12:17] {nemo} lunchtime
[12:18] {strider} BP will sell gas fields, pipeline in Vietnam, Reuters reports
[12:19] {Threei}  now LVS drops like a stone
[12:19] {Les} screwin with our minds
[12:19] {Threei}  earlier announced the same on Pakistan, strider
[12:20] {strider} thx
[12:20] {Les} makes you wonder what real damage is worth, if selling assets so quickly...
[12:20] {Threei}  GS CNBC reporter comments that sources say rumors of a large Goldman Sach loss on a euro short position are unfounded (145.74, +0.06, 0.04%) (related EUR/USD )
[12:20] {nemo} they don't lose money
[12:22] {dino} mant sm l .75
[12:23] {shorty} cya tomorrow everyone.
[12:24] {Les} ciao shorty
[12:24] {shorty} bye Les
[12:24] {Threei}  take care shorty
[12:25] {ese} i'm out gild .69 -.01   takin too long for my taste
[12:25] {Threei} Short Setup: HAL  30 break
[12:26] {Threei}  if stays under .10
[12:30] {strider} short .99
06[12:31] * Threei inserts voodoo pins in HAL doll
[12:31] {i2romantis} short sm  HAL .00
[12:31] {Les} OUCH! STOP THAT VAD
[12:32] {Threei}  lol
[12:32] {i2romantis} how much are we looking at Vad?
[12:32] {Les} wrong doll man
[12:32] {Threei}  if market helps, this thing has 30-40 cents easy
[12:32] {i2romantis} thx
[12:32] {Threei}  whether it helps, well... I have shaky record today
[12:33] {i2romantis} gives an idea :)
[12:33] {Threei}  unlike yesterday's smooth ride when easy trades were just falling in our lap
[12:33] {Threei}  1:1
[12:33] {Les} half out .91
[12:33] {Threei}  sorry about that Les... I don't discriminate between dolls, you know
[12:33] {nemo} he likes the blow up ones Les
[12:34] {Les} lvs fully covered .10 +.14
06[12:34] * Threei hits HAL over the head with 2x4
[12:34] {Les} nope. nothing felt this time
[12:35] {Threei}  sorry... missed :)
[12:35] {Les} hehehe
[12:35] {Threei}  :)
[12:35] {Les} lvs fully covered +.11
[12:35] {Les} hal sorry
[12:36] {Threei}  I'll try for more
[12:36] {Threei}  market bounces slughtly, HAL doesn't
[12:36] {Threei}  if second half is stopped b/e, so be it
[12:36] {Les} ah was trying for second entry
[12:37] {i2romantis} hal short sm .95, and i'll see what happens
[12:38] {Les} hal bounced off 200ma at .90. will see if new setup is created
[12:45] {nemo} bidu setting up just don't know when it will go
[12:45] {nemo} .10 break, but maybe too early
[12:46] {Threei}  second half is out, scalpers win
[12:49] {strider} Speaking of scalpers, is fern coming back soon?
[12:54] {Threei}  depends on doctor's word on recovery
[12:56] {strider} CAT jb
[12:56] {strider} late
[12:57] {Les} BC 13 B/D?
[12:57] {Threei}  nah
[12:58] {strider} UAUA short .98
[12:59] {Les} aapl nice break
[12:59] {strider} stop .05
[13:09] {Threei}  what a weird chart BP
[13:10] {hawk} lol, was just thinking of asking you about it
[13:18] {strider} stop UUA -.08
[13:18] {strider} UAUA
[13:21] {Les} small l whr .83 stop under .20
[13:22] {nemo} wow...ballsy stop
[13:22] {strider} AAPL new hod
[13:23] {Les} 100 shares. looking for reasonable gains with market seeking yesterday's close
[13:24] {dino} still in from .25 les
[13:24] {Les} sweet entry
[13:24] {dino} been a long wait
[13:25] {Threei}  pays off nicely though
[13:26] {Threei}  good thing are worth the wait
[13:26] {Les} uaua finally dropped. got stopped out here too st
[13:26] {nemo} depends on your blood pressure
[13:26] {Les} glass half empty hey nemo
[13:26] {nemo} no...gotta' match everything up
[13:31] {dino} s/p gap fill coming
[13:32] {dino} giddy-up
[13:33] {nemo} spy going to yesterday's close
[13:33] {dino} the open gap
[13:34] {nemo} .15 away
[13:34] {nemo} just go long an index etf :)
[13:34] {Les} long SPY . 15
[13:34] {nemo} hehehehe
[13:35] {nemo} or tna sso
[13:35] {nemo} might as well leverage you crazy bastard
[13:36] {nemo} now get out
[13:36] {dino} filled s/p
[13:36] {Threei}  isn't it amazing
[13:36] {nemo} next resistance 107.55 on spy
[13:37] {nemo} yeah, almost predictable, but as soon as we think that, it's bohica time
[13:37] {dino} filled ndx
[13:37] {Les} goddamn vad, just go long at the opening next time and we can all drink vodka
[13:37] {Threei}  okay, will do
[13:38] {nemo} we were just lucky that way, usually market peaks or valley's in the 10-10:30 time frame
[13:38] {dino} out whr .25
[13:38] {dino} +1.00
[13:38] {Les} sold whr +.43 not following the market
[13:38] {nemo} go home dino
[13:39] {Threei}  wtg
[13:39] {nemo} don't even want to hear about it
06[13:39] * nemo get's out his "dino" voodoo doll :)
[13:39] {Les} dino, did you have WHR on screen all day? just following it?
[13:39] {dino} most days, pulp type
[13:39] {nemo} oh les, don't set yourself up like that
[13:39] {Les} whr been making some great moves nemo
[13:40] {Les} yet I get sidetracked by meandering stocks that lose me money
[13:40] {nemo} DINO has been KILLING it.  spread just tends to be too big for me
[13:40] {Les} gap down days are often dino days
[13:40] {nemo} or gap down stocks
[13:40] {dino} my better days yes
[13:41] {Threei}  Oil services firms ask judge to reject US govt request to dismiss suit over deepwater moratorium (related OIH HOS BP HAL )
[13:41] {strider} V long .98
[13:42] {Threei}  have we ever witnessed such dogfight between businesses and govt?
[13:42] {dino} pathetic
[13:43] {nemo} very typical for:  1. Socialist government, and 2. times of economic stress
[13:43] {nemo} Love Reagan's comment:  "I
[13:43] {nemo} I'm from the government and we're here to help."
[13:44] {nemo} .63 next resistance spy, followed quickly by .73
[13:45] {dino} most feared words reagan said
[13:49] {Threei}  IMO... sharp pullback is coming
[13:49] {Threei}  then bounce, double top and reversal down
[13:49] {Les} UAUA 22 b/d?
[13:49] {Les} nice tight stop?
[13:50] {Threei}  probably, but don't derive this play from the market behavior
[13:50] {Les} ok
[13:50] {Threei}  UAUA is in its own world today
[13:50] {magoo} wjhos your best dshort candidate? LVS GS RIMM?
[13:50] {magoo} FCX?
[13:50] {Threei}  LVS
[13:51] {Threei}  .40 break
[13:51] {strider} short?
[13:51] {Threei}  FCX, yes, but volatile
[13:51] {nemo} spy not done
[13:51] {Threei}  yes strider answering magoo's (badly typed) question
[13:52] {strider} iudr;bjl
[13:52] {Threei}  yeah, I know, look who is talking
[13:52] {strider} I see.
[13:53] {nemo} 107.73 is weekly pivot on spy
[13:54] {strider} out V +.12
[13:54] {Threei}  .40 invalidated as trigger but new one should form soon
[13:57] {Les} ooh yeh run that tape up
[13:59] {Threei}  well... guess who is... etc
[14:00] {strider} The Duke of Earl?
[14:00] {Les} Angelina Jolie... hmmmm yum
[14:00] {strider} yeah, I'm sure she'll want to know you're interested.
[14:01] {dino} i was a buck early on whr
[14:01] {Les} leave me along with my fantasies hillbilly
[14:01] {Les} alone
[14:02] {Les} that was the move I was looking for dino, but who'd had guessed the market would...
[14:02] {Les} lvs .50?
[14:02] {Threei} Short Setup: LVS  .50 break if stays under .60
[14:08] {nemo} short fcx .77\
[14:08] {Threei}  come on market drop already
[14:08] {nemo} stop above .86
[14:08] {magoo} vad, u like GS short or RIMM?
[14:09] {Threei}  GS yes, RIMM - I see no setup
[14:11] {Threei}  GS nears the high,
[14:11] {Threei}  if can't break it, setup hunt is on
[14:12] {Threei}  too fast
[14:12] {ese} Hey all....i'm outta here to some meetings.....cya tomorrow
[14:12] {nemo} stopped fcx
[14:12] {Threei}  take care ese
[14:12] {ese} cya vad
[14:12] {ese} nemo
[14:13] {Threei}  market stalled...
[14:13] {Threei}  don't like it
[14:13] {Les} half out lvs. reducing risk
[14:15] {i2romantis} nice call on HAL short
[14:15] {nemo} rinse fcx
[14:16] {Threei}  too bad GS didn't give easier indidcation around .50
[14:16] {Threei}  that was such nice setup, double top at .60
[14:21] {Threei}  okay
[14:21] {Threei}  looks like our time's finally here
[14:21] {Threei}  market breaks down decisively
[14:21] {Threei}  LVS 1:1
[14:22] {Threei}  if doesn't rinse, aiming for something like .10 - .20 as final target for covering
[14:23] {Threei}  if rinses, will hunt for another entry
[14:24] {Threei}  oh my
[14:24] {Threei}  did I really hear this on TV?
[14:25] {Threei}  we implemented discretionary spending freeze in the budget, and we are on the path to halving our deficit in 2013
[14:25] {Threei}  it takes a lot to make me faint but it did the job
[14:25] {Les} he's the man
[14:26] {nemo} just words, crock of SHIT!!!
[14:26] {Threei}  LVS: stop is above .50, bidding 1/4 at .28 and 1/4 at .17
[14:27] {Threei}  (US) CNBC's Liesman: Chatter that Fed may cut paying interest on reserves "almost certainly untrue"
[14:27] {Threei}  - Earlier vague chatter circualted that the market was rallying due to rumor that the Fed was going to eliminate the 25bps paid on banking industry's excess reserves
[14:27] {Threei}  - Reminder overnight today's NYT: says in his comments Bernanke may talk about monetary policy options that are available to the Fed if the economy were to worsen significantly. (See our research note from Asia session under SHY)
[14:29] {Threei}  balance out LVS
[14:30] {Threei}  gotta sit this surge out and re-evaluate
[14:30] {nemo} yeah, tried to short fcx again, got out positive, but...
[14:30] {Les} DJIA bounce off yesterdays close
[14:31] {nemo} spy...that's it
[14:44] {lasertrev} lol
[14:44] {nemo} hey! laserbrain..what's so funny?
[14:44] {Les} what, your evil twin?
[14:44] {nemo} ?
[14:45] {lasertrev} i told him "only room enough for one laser in this town"
[14:45] {nemo} oh...dave
[14:45] {nemo} got it
[14:45] {Les} was going to post the same thing
[14:45] {Les} then I remembered dawg
[14:45] {nemo} dawg?
[14:46] {nemo} frickin' Ozzie, talking ghetto..wtf
[14:46] {Threei}  just how long should I wait with trout in my raised hand?
[14:46] {Les} for Nemo?
[14:46] {nemo} depends on who you're thinking of trouting...
[14:46] {Threei}  nah
[14:46] {Threei}  waiting for davie to find the door
[14:47] {nemo} use a sledge hammer
[14:47] {nemo} fcx is a frickin' energizer bunny
[14:50] {Threei}  well, SPY is back to high
[14:50] {Threei}  incredible resilience
[14:51] {Threei}  although as I look at daily, it doesn't feel like anything but bounce before further drop to me
[14:51] {Les} yeh but early bird getting no work today
[14:51] {Les} worm, not work
[14:57] {Threei}  US Senate passes test vote on extension of unemployment benefits
[14:57] {dino} gut
[14:57] {strider} beer gut
[14:57] {Threei}  .60 held as high on LVS
[14:58] {nemo} market going higher
[14:58] {Threei}  will totally depend on whether market gives up ior breaks high,
[14:58] {dino} yes, but also my eatlier gut feel for market was correct
[14:58] {Threei}  so decide bwteen these two:
[14:58] {Threei} Short Setup: LVS  .50 break if stays under .60
[14:58] {Threei} Long Setup:  LVS  .60 break if stays above .50
[14:58] {nemo} support at .40 in strong market
[14:59] {strider} don't hve to decide.  LVS will decide.
[14:59] {Threei}  well, you still have fee will to decide whether you take any or just one of them
[15:00] {strider} do you have to think in order to decide?
[15:00] {Threei}  sorry... yes
[15:00] {nemo} I'm screwed
[15:00] {Les} from the day you were born
[15:00] {nemo} let's ask Lari
[15:00] {Threei}  lol
[15:00] {nemo} that sucked Les
[15:01] {strider} I think market's going up.
[15:01] {Threei}  why.. I rather liked it
[15:01] {nemo} but guarantee, you'd like to be me tonight
[15:01] {nemo} hey, you need me
[15:01] {strider} that's a stretch, nemo.
[15:01] {Threei}  strider, got a quote for you:
[15:01] {nemo} remember which side on which your bread is buttered
[15:01] {Threei}  'Yeah, well, you know, that's just, like, your opinion, man.' The Dude
[15:01] {nemo} no...it's not strider
[15:02] {strider} Send me her picture, I'll decide.
[15:03] {nemo} dcc dude
[15:03] {Threei}  market became a bit more frisky
[15:04] {Threei}  time to make bets?
[15:04] {magoo} which way into close is question
[15:04] {Threei}  mine's red close, -20 or 30
[15:04] {Threei}  dino and larisa kill it lately with their bets
[15:05] {strider} get out of the way, vad.  Here comes the train.
[15:05] {Threei}  LVS triggered long side
[15:05] {nemo} he'll be fine...just use his head
[15:06] {Threei}  (KS) US Govt official: North Korea could move forward on its ultimate goals through attacks on US allies (related USD/KRW USD/JPY EWY )
[15:06] {Threei}  what are its ultimate goals?
[15:07] {Les} no doubt some sort of anti-american activity
[15:07] {nemo} talking about Congress?
[15:07] {Les} could be in league with congress yeh
[15:08] {Threei}  1:1 LVS
[15:09] {Threei}  barely flat after this play
[15:09] {Threei}  would be deeper in green if scalped instead of taking half and getting stopped on the balance in two or three plays
[15:10] {Threei}  but, that's the nature of the beast
[15:12] {dino} wow whr comeback
[15:12] {Threei}  SPY new high, believe it or not
[15:12] {strider} HOG could close near hod.
[15:12] {Threei}  LVS 1:2
[15:12] {nemo} goes to 108.12 at least
[15:13] {Threei}  so... dino? larisa?
[15:13] {dino} ?
[15:14] {Threei}  bets on fionish?
[15:14] {nemo} spy between here and 108.45
[15:14] {dino} dk, have to leave early
[15:14] {Threei}  sure... take all the money from the pool, then leave
[15:14] {dino} gut, +100 dji
[15:15] {magoo} vad, would 150 kllaunch GS
[15:15] {strider} out HOG +.23
[15:15] {dino} gj
[15:15] {Threei}  no way I'd take that mags
[15:16] {Threei}  anything's possible but the risk is way beyond acceptable
[15:16] {larisa} wow, Argentina minus 23C ?? in Moscow it is +40c and over +30 for weeks.
[15:16] {Threei}  huh?
[15:16] {larisa} South america record cold
[15:16] {Threei}  I didn't think it ever -23 in argentina, lol
[15:16] {strider} out +1.00 AAPL
[15:17] {larisa} end of world is coming for sure :)
[15:17] {dino} well, ifa record, it wasn't, lol
[15:17] {Les} http://www.telegraph.co.uk/earth/environment/climatechange/7899939/World-on-course-for-hottest-year-since-1880.html
[15:17] {Les} was very cold winter here too
[15:18] {strider} look at HOG
[15:18] {Threei}  how come record hot is the reaon to claim GW but record cold is not the reaon to dismiss it
[15:19] {Threei}  reason that is
[15:20] {Les} could be El Nino, which messes with temperatures in a closer time frame
[15:21] {Les} http://www.telegraph.co.uk/earth/earthnews/7896403/Coral-reefs-suffer-mass-bleaching.html
[15:21] {Les} things are hotting up
[15:26] {nemo} if it breaks .45 spy could go to 109
[15:28] {strider} reporting after the close:   ALTR, AAPL, BSX, CTAS, FIS, LLTC, SLM, YHOO
[15:29] {strider} FCX reporting before open tomorrow.
[15:29] {magoo} can LVS take 25vvasd?
[15:30] {Threei}  it can... but I wouldn't trade on that
[15:30] {Threei}  anything can happen, this is not what we trade on
[15:31] {Threei}  we trade on odds and risk
[15:31] {Threei}  odds of such break and run are low and risk is enormous
[15:31] {strider} Can we trade on nemo?  He's odd.
[15:31] {nemo} nice
[15:31] {larisa} too funny :)
[15:31] {Les} but funny
[15:31] {Threei}  is he odd and risky?
[15:31] {dino} here comes 100
[15:32] {nemo} .45 on spy
[15:32] {nemo} brak through we might run to 109
[15:33] {nemo} tried to catch fcx on break of 65.00 went right to .13
[15:33] {nemo} too funny
[15:33] {dino} gn all gotta hop
[15:33] {Les} ciao dino
[15:33] {Threei}  take care dino, good job
[15:40] {Threei}  one of the srrangest days in a good while
[15:41] {nemo} volatility for an upday wild
[15:50] {nemo} fcx not going with market anymore
[15:51] {nemo} nope
[15:52] {strider} nemo.  you're talking to yourself again.
[15:52] {magoo} yhoo aapl after bell
[15:52] {nemo} you answered
[15:53] {strider} use/mention distinction.  
[15:53] {nemo} ?
[15:54] {nemo} intellectual hillbillies=oxymoron
[15:54] {strider} ahah!  You've figured out I'm not really a hillbilly!
[15:55] {nemo} you divorce your sister yet?
[15:55] {Threei}  tiresome and largely useless day
[15:55] {strider} Nemo?
[15:55] {nemo} strider?
[15:55] {strider} oh, the day.
[15:56] {Threei}  rofl
[15:56] {nemo} DH!
[15:57] {Threei}  okay guys, thank you all
[15:57] {Threei}  have a good evening, we will get them tomorrow
[15:57] {Les} ciao
[15:57] {Threei}  unless they get us that is
[15:57] {strider} thanks, vad.
[15:58] {Les} lol strider I think you're on the list
[16:00] {strider} nemo, for you:
[16:00] {strider} DAdolf Grunbaum
[16:00] {strider} A question cannot be regarded as a well-posed challenge merely because the questioner finds it psychologically insistent, experiences a strong feeling of puzzlement, and desires an answer to it.
[16:00] {strider} If, in fact, ...(a man)...does not beat his wife, then it is not a well-posed question to ask him whether or when he stopped beating her.
[16:00] {strider}                from Free Inquiry, Vol IX, no.4, p.50
[16:08] {nemo} hey dingleberry...depends on who is the hammer and who is the nail