Tuesday, July 27, 2010

Jul 27 2010

Somewhat uneven day, but got a nice chart to show for the best trade of the day. Textbook DBI setup:


Session Time: Tue Jul 27 00:00:00 2010

06[08:45] * Les slaps jf around with a bag of marbles
[08:46] {Les} I'm ready to play
[08:46] {Les} afternoon all
[08:46] {Threei}  we are not
[08:46] {Threei}  we much prefer to sleep
[08:47] {swil} let the games begin.  good night
[08:47] {Threei}  lol
[08:47] {Les} plenty of time for that when you take vacation vad
[08:47] {Threei}  sleep on vacation?
[08:47] {Threei}  what am I crazy, to waste the best time of the year?
[08:47] {Les} well there's drinking too I guess
[08:48] {Les} but what else?
[08:48] {Threei}  new places... exploring... photography...
[08:48] {Threei}  stunning natural bauty of Oregon coast
[08:49] {Threei}  rare chance of unhurried conversation with kids
06[08:49] * Les slaps vad with a big comfy beach chair
[08:49] {Threei}  which becomes quite a treasure now that they are grown up
[08:50] {Les} I thought getting them out of the house was the moment to treasure...
[08:50] {strider} Any of your kids interested in trading, vad?
[08:50] {Threei}  not as a career choice
[08:51] {Threei}  they love reading what I write about it,
[08:51] {Threei}  finding analogies with other aspects of life
[08:51] {Threei}  (US) Preview: May S&P CaseShiller Home Price data due at 09:00amET
[08:52] {hawk} morning all
[08:52] {Threei}  hawk :)
[08:52] {hawk} vad :)  X news?
[08:52] {Threei}  earnings
[08:52] {Threei}  X Reports Q2 -$0.17 (incl items) v $0.63e, R$4.7B v $4.6Be
[08:53] {hawk} ah, passed right by them.  was looking for X, filed under U  thanks
[08:54] {strider} TLAB
[08:54] {Threei}  now, for opur DDofI (daily dose of idiocy):
[08:54] {Threei}  British Petroleum plc Greenpeace activitsts claimed that they have shut down all BP's London petrol stations - Sky news
[08:54] {Threei}  - Group says 50 petrol stations immobilised v 20 claimed by BP.
[08:54] {Threei}  - Activists use of shut-off switch stopped petrol flow at stations.
[08:55] {Threei}  also by BP:
[08:55] {Threei}  British Petroleum plc CEO Hayward: "I became the lightening rod" for oil spill anger, BP can only move forward in US under new leadership; New CEO Dudley has safe and able hands
[08:55] {Threei}  - Hayward: Company has mounted the largest environmental response in history, company has dealt with spill and stopped oil leak, plans to pursue partners for spill costs by all legal means
[08:55] {Threei}  - Downstream performance improvement on track
[08:55] {Threei}  - Could sell North American assets
[08:55] {Threei}  - Company will have smaller higher quality business
[08:55] {Threei}  - Dudley: Becoming CEO will not reduce commitment to cleanup; continue to build renewable business in the US
[08:55] {Threei}  - Chairman: Dudley will provide strong leadership as new CEO
[08:55] {Threei}  BP.UK Reports Q2 net loss $17.2B v profit of $3.1B y/y, Rev $75.9B v $74Be
[08:56] {strider} And off to Siberia you go.
[08:56] {Threei}  lol
[08:57] {strider} CMI
[09:05] {hawk} RMBS                                                                                                                                                                                                        
[09:08] {Threei}  yesterday:
[09:08] {Threei}  17:02:12
[09:08] {Threei}  Rambus Inc ITC rules NVDA, HPQ, and Asustek violated patents related to computer graphics chips
[09:08] {Threei}  - Could lead to ban imports of chips that infringe the patents by the violating companies.
[09:08] {Threei}  - NVDA plans to appeal the ruling
[09:12] {dino} gm all
[09:12] {Threei}  dino :)
[09:14] {dino} :D
[09:15] {dino} evr?
[09:15] {strider} morning dino, morning all:)
[09:15] {Threei}  no news on EVR
[09:15] {Threei}  strider :)
[09:16] {strider} GE gapped up in premarket. holding near high
[09:16] {dino} all ifind is adding some dude as managing director
[09:17] {dino} banks moving today
[09:19] {shorty} gm
[09:19] {Threei}  shorty :)
[09:19] {larisa} gm :)
[09:19] {Threei}  larisa :)
[09:19] {larisa} :)
[09:20] {magoo} morn
[09:20] {magoo} BP report?
[09:21] {Threei}  hi
[09:21] {Threei}  yes
[09:21] {magoo} non event?
[09:21] {Threei}  08:55] {Alert} Threei BP.UK Reports Q2 net loss $17.2B v profit of $3.1B y/y, Rev $75.9B v $74Be
[09:21] {Threei}  [08:54] {Alert} Threei British Petroleum plc Greenpeace activitsts claimed that they have shut down all BP's London petrol stations - Sky news
[09:21] {Threei}  [08:54] {Alert} Threei - Group says 50 petrol stations immobilised v 20 claimed by BP.
[09:21] {Threei}  [08:54] {Alert} Threei - Activists use of shut-off switch stopped petrol flow at stations.
[09:21] {Threei}  and CEO change
[09:25] {magoo} ty
[09:26] {lilyd} morning
[09:26] {Threei}  lily :)
[09:29] {jfjf64} mornin
[09:29] {Threei}  jf :)
[09:29] {lasertrev} morning
[09:29] {ese} ok heres the right place to say good morning
[09:30] {Threei}  trev, ese :)
[09:30] {ese} entered good morning in the password boxx and couldn't get in dohhhhh!!!
[09:30] {swil} .morning
06[09:30] * Les slaps ese around with GMT +1
[09:30] {Threei}  swil :)
[09:30] {Threei}  lol ese
[09:30] {magoo} ROFLOL ESE
[09:30] {nemo} rimm puke
[09:30] {Threei}  if anyone took AONE overnight, dump half here and offer second galf above 11
[09:31] {nemo} bp puke
[09:31] {strider} TLAB selloff
[09:31] {ese} better not trade.......just for a few minutes until i'm all here
[09:31] {nemo} what makes today any different?
[09:32] {Threei} Long Setup:  LVS  .95 break
[09:33] {Threei}  stop under .85 for scalpers, .80 for day traders
[09:33] {nemo} in .93
[09:34] {magoo} in'
[09:35] {Threei}  not a scalp for me if works
[09:35] {dino} scanners all red
[09:37] {dino} ctrp sm l .40
[09:37] {Threei}  eecksplosion timeLVS
[09:38] {strider} ACH halted
[09:39] {Threei}  ACH Halted: company says shares will be halted in Shanghai tomorrow, citing an "important discussion" (21.84, +0.29, 1.35%)
[09:40] {Threei}  hmmm
[09:40] {Threei}  not following market
[09:40] {Threei}  out
[09:40] {Threei}  oh well
[09:42] {dino} vmw
[09:42] {Les} took a scalp below .80 for +.07 still dropping
[09:42] {dino} ctrp stopped -.16
[09:42] {Les} wfc short .60?
[09:42] {Les} if holding .70
[09:43] {Threei}  nah
[09:45] {dino} vmw sm s .08
[09:45] {Threei}  Spot gold probing below its 21-month uptrend line at $1,174/oz level ahead of option expiration
[09:46] {dino} styopped sheesh
[09:46] {Threei}  trhose are very werid thrusts in the market
[09:46] {Threei}  sudden long red bars
[09:47] {Les} which server u on vad?
[09:47] {Threei}  13
[09:48] {dino} scanner red again
[09:48] {Les} thanks. one ECN still crapping on me
[09:49] {swil} .
[09:49] {Threei}  EUR/USD Dealer chatter circulating that US Consumer Confidence could register a reading below 50 v 51.0 analyst expectations
[09:50] {Threei}  US) Preview: July Consumer Confidence due out at 10:00ET
[09:50] {Threei}  **Consensus expectation: 51.0e v 52.9 prior
[09:50] {Threei}  - Most estimates range between 48-54
[09:50] {Threei}  - NOTE: the May reading of 63.3 was the highest since March 2008.
[09:51] {Threei}  US) Preview: July Richmond Fed Manufacturing Index due out at 10:00ET
[09:51] {Threei}  **Consensus expectation: 12e v 23 prior
[09:51] {Threei}  GE Charged with violating Foreign Corrupt Practices Act by the SEC (16.31, +0.17, 1.05%)
[09:52] {Threei}  - Charges center on involvement of GE and two subsidiaries in a $3.6M kickback scheme with Iraq govt agencies
[09:52] {Les} vad, RMBS read please
[09:53] {Threei}  .90 break short
[09:53] {Threei}  if stays under 21 of course
[09:53] {Les} ok
[09:53] {nemo} wow, this volatility
[09:55] {Threei}  1:1
[09:55] {Les} half out ty
[09:56] {Threei}  5 min till numbers
[09:57] {Les} all out and flat again
[09:57] {Les} ty
[09:58] {Threei}  sure
[09:58] {Threei}  let's wait out numbers, then see what we can catch
[10:00] {Les} remember housing catching me squarely off guard last week
[10:00] {Threei}  *(US) JULY CONSUMER CONFIDENCE: 50.4 V 51.0E
[10:00] {nemo} looks like that's close enought
[10:00] {Les} pimp my index
[10:00] {Threei}  marlet says: Read this!
[10:01] {Threei}  *(US) JULY RICHMOND FED MANUFACTURING INDEX: 16 V 12E
[10:02] {swil} .
[10:02] {Les} what's yer point swil?
[10:03] {Les} rmbs didn't follow
[10:03] {Threei}  that's a very fine point
[10:03] {swil} market says creative punishment
[10:04] {i2romantis} Vad, general concensus on LVS today? Long or Short?
[10:04] {dino} strange market
[10:04] {Threei}  for the whole day? no idea
[10:04] {Threei}  things chanfe too fast for such prognosis
[10:04] {Les} lvs big drop
[10:04] {i2romantis} lol
[10:05] {i2romantis} market answered?
[10:05] {strider} TLAB interesting
[10:05] {Threei}  for this minute it did,
[10:05] {Threei}  but you ask about "today" - and that I can't asnwer :)
[10:05] {i2romantis} i hear you
[10:05] {Threei}  look at SPY
[10:05] {Threei}  what's with these sharp spikes both ways?
[10:06] {dino} rinsing me
[10:06] {Threei}  we normally see this kind of things right after some material announcements
[10:06] {Threei}  like FOMC desicion
[10:06] {Threei}  or decision
[10:07] {Les} derision?
[10:07] {Threei}  or that
[10:07] {dino} devision
[10:08] {Threei}  RMNBS nice drop
06[10:08] * Les slaps dino around with a vad dictionary
[10:08] {dino} lol
[10:09] {Threei}  feeling is, one more leg down, then bounce
[10:10] {dino} gut says -100+ day
[10:10] {Threei}  talking about market
[10:10] {Threei}  not RMBS
[10:10] {dino} deja vu
[10:12] {Threei}  BP is getting interesting
[10:12] {Threei}  dive under .50, holding .40 and recross
[10:12] {Threei}  would be my idea of long
[10:13] {dino} x
[10:14] {Threei}  alternatively, .57 l,ong
[10:14] {strider} stop for .57?
[10:14] {Threei}  stop under .50 for scalpers, .45 for day traders
[10:15] {swil} .
[10:15] {strider} you mean like t hat??
[10:15] {Threei}  nah, pullbacks are still the way to fo
[10:15] {strider} :)
[10:16] {Les} sitting this out. dodgy stuff
[10:16] {Les} let's have that next leg down
[10:17] {Les} crap .40 break was it
[10:19] {magoo} vad, how about RIG?
[10:19] {Threei}  no idea
[10:22] {Threei} Long Setup:  RIMM  .10 break half lot
[10:22] {dino} sm l vltr .35
[10:22] {Threei}  if stays above .95
[10:22] {dino} watching tmo, csl, jec, plt
[10:22] {Threei}  GE Settles oil-for- food charges with the SEC (16.30, +0.16, 0.99%)
[10:23] {Threei}  BP got away
[10:24] {Les} pivot support .34. lovely db
[10:25] {magoo} in rimm
[10:28] {Threei}  teleportations
[10:28] {Threei}  long time no see
[10:28] {Les} ?
[10:29] {Les} you mean jumping around
[10:29] {Threei}  1:1
[10:29] {dino} sm l tmo .22
[10:29] {Threei}  disappearance at one price, surfacing at another with no prints inbetween
[10:30] {Threei}  we used to see it a good wgile ago, UAUA was famous for that
[10:30] {Les} right. watching it. scares bejeezes out of me
[10:30] {Threei}  quite tradeable when you get the rythm
[10:31] {Threei}  see?
[10:31] {Threei}  papertrade it
[10:31] {Threei}  long .05
[10:31] {Les} yeh all out .22 not hanging around
[10:31] {Threei}  offer .15 or so
[10:33] {Les} out .90
[10:34] {Les} stopped
[10:34] {Threei}  no
[10:34] {Threei}  wrong way to trade it
[10:34] {Threei}  observe these teleportations for a while
[10:35] {dino} sm l jec .45
[10:37] {nemo} x offer .06
[10:37] {nemo} can't see it now
[10:37] {nemo} offer 46
[10:38] {dino} x lod
[10:38] {nemo} market freezing up again
[10:38] {Threei}  it's more like ceisures today
[10:38] {dino} x gap buck lower
[10:38] {nemo} yeah...good analogy
[10:40] {dino} tmo stopped .94, -.28
[10:42] {Les} was afraid to short x cause its a vicious bouncer, but it keeps going down
[10:45] {dino} plt sm l .75
[10:45] {dino} same here les
[10:46] {Les} RMBS loses key support at .39. ready to short it after next market bounce
[10:47] {magoo} news X vad?
[10:47] {nemo} earnings yesterday
[10:47] {Threei}  nothing fresh
[10:48] {magoo} its getting bounce worthy
[10:48] {nemo} .92
[10:48] {Threei}  not yet, IMO
[10:49] {ese} in musical terms?   this is a B flat do nothing market
[10:50] {dino} x gap 44.80s
[10:50] {nemo} .92 Dino
[10:50] {dino} ok
[10:51] {nemo} that was the high before the gap up
[10:51] {Threei} Short Setup: FCX  .50 break half lot
[10:51] {nemo} well, Laser says .79 and FSC says .92 oy vay
[10:51] {Threei}  if stays under .60
[10:52] {dino} waiting at .90
[10:55] {Threei}  not a scalp for me if works
[10:56] {ese} fcx
[10:56] {Threei}  1:1
[10:56] {Les} scalp for me ty
[10:57] {ese} you waiting for it to retrace to .90 then go short dino
[10:58] {strider} out +.15
[10:59] {Threei}  BP Reportedly SEC and DOJ undertaking informal probe of securities matters related to the BP oil spill (37.73, -0.92, -2.38%)
[11:00] {dino} itri sm l .25
[11:01] {swil} .
[11:01] {Threei}  1:2
[11:01] {Threei}  my eventual target is somewhere around .10 - .15
[11:02] {Threei}  1:3
[11:02] {shorty} Out FCX +.27....ty Threei
[11:02] {Threei}  :)
[11:02] {shorty} :D
[11:05] {shorty} At your target Threei....nice
[11:05] {Threei}  direct hit
[11:06] {Threei}  out +.35
[11:06] {shorty} Awesome
[11:07] {Les} :(
[11:10] {Threei}  even that was too soon
[11:11] {shorty} hmmmm..it was
[11:12] {Les} $gold taking a nose dive
[11:12] {Threei}  good
[11:12] {Les} .53 is pivot support fcx
06[11:13] * strider slaps Threei around a bit with a large chunk of pyrite
[11:13] {ese} L onxx .18
[11:14] {Threei}  why exactly am I getting slapped silly?
[11:14] {strider} nothing better to do.
[11:14] {Threei}  and for some reason to be detrmined yet you decided I am the best target?
[11:15] {i2romantis} Vad, RMBS?
[11:15] {strider} yes
[11:15] {i2romantis} chance for bounce?
[11:15] {strider} ese what's your stop onxx?
[11:15] {Threei}  .50 break, yes
[11:15] {Threei}  if stays above .40
[11:15] {ese} .08
[11:16] {dino} vltr stopped -.35
[11:16] {ese} didn't get time to sell it
[11:16] {ese} wow.....don't use physical stops  ....do it on my own
[11:17] {Les} x
[11:17] {strider} lucky that time.
[11:17] {ese} yes.....
[11:17] {ese} have 2k of this .10/,11 is it for stop
[11:18] {i2romantis} seems every time i ask a question, the stock has a diarrhea
[11:18] {hawk} lol
[11:19] {ese} if the mrkt ever stops fit brain farting this morning onxx will go up
[11:19] {Threei}  so let's turn it into profitable strategy
[11:20] {Threei}  you ask, we short
[11:20] {ese} it's
[11:20] {Threei}  its?
[11:21] {ese} out
[11:21] {ese} .07
[11:21] {ese} -.11
[11:22] {i2romantis} LVS nearing the low
[11:23] {dino} whr sm l .45 risky
[11:23] {nemo} in tna .71
[11:26] {nemo} partilaed .83
[11:26] {nemo} top to b/e
[11:27] {nemo} stop
[11:28] {Threei}  nice one
[11:28] {nemo} weird, prints dropped from .80s to 60s thn right back to .80s
[11:29] {nemo} 1/4 more .91
[11:31] {hawk} dino, you really should have tried to grab WHR closer to the lod ;) nice one
[11:31] {i2romantis} bounce is here, it feels
[11:31] {dino} lol, thx, been bottoming around there for days
[11:31] {Threei}  I think RMBS is revalidated
[11:32] {nemo} spy will hit it's trend line in .06
[11:32] {nemo} tna setting up for another entry break of .90
[11:33] {strider} break of .50 vad?
[11:33] {Threei}  yes
[11:34] {Threei}  British Petroleum plc Incoming CEO Dudley: will seek restitution from its partners in the Macondo well - CNBC interview
[11:34] {Threei}  - NOTE: in the past month, both partners, APC and Mitsui, have said they don't plan to pay for any BP spill clean up operations. Mitsui is a 10% stakeholder and Anadarko has a 25% stake in the Macondo well.
[11:35] {nemo} spy at trend
[11:37] {dino} whr to .99
[11:37] {nemo} rest out 46.00
[11:39] {dino} plt to .10
[11:39] {dino} out whr .10, +.65
[11:40] {shorty} l RMBS .51
[11:40] {Threei}  1:1, nice and easy
[11:40] {nemo} anybody take TNA break of .90
[11:40] {nemo} ?
[11:41] {nemo} I feel like Vad
[11:41] {hawk} i was in from .76 nemo, out .02
[11:41] {shorty} out RMBS....ty
[11:41] {nemo} cool Hawk
[11:41] {i2romantis} +.12 RMBS ty!
[11:41] {hawk} thx :)
[11:41] {Threei}  :)
[11:41] {Les} you know I don't listen to you Nemo
[11:41] {nemo} the second time it travelled to .70 Hawk?
[11:41] {dino} out plt reverse slip at .12, +.37
[11:42] {Threei}  you want to feel like me - go cut about 300 grown up thistle plants
[11:42] {nemo} When I ask such a general question, I automatically dis-include you Les
[11:42] {hawk} first time
[11:42] {nemo} nice Hawk, that's when I got in at .71
[11:42] {nemo} Vad, I got you beat
[11:42] {Threei}  married three times?
[11:43] {nemo} no, on cutting vegetation
[11:43] {Threei}  I can agree on one marriage equaling 100 thistles
[11:43] {nemo} cleared a briar patch 40 feet by 90 feet
[11:43] {nemo} to make a garden
[11:44] {nemo} for the Ex
[11:44] {Threei}  well... briar is PIA but no match for thistle
[11:44] {i2romantis} +.06 RMBS (short)
[11:44] {Threei}  ex on the other hand... maybe...
[11:45] {Les} you guys never heard of roundup?
[11:45] {Threei}  can't use it everywhere
[11:45] {Les} sure you can. especially useful on noisy wives
[11:46] {nemo} that boy is scarred
[11:47] {Les} rmbs again? .55 break holding .50?
[11:47] {Threei}  way too narrow range for this stock
[11:47] {Threei}  can get shakeout on accidental move
[11:48] {magoo} any read RIMM LVS here?
[11:50] {Les} x
[11:50] {Threei}  LVS no
[11:50] {Threei}  RUIMM is rather preparing for creep up
[11:50] {Threei}  RIMM
[11:50] {Threei}  well, if market helps any
[11:51] {Threei}  ese, look dcc plase
[11:54] {ese} L athr .60
[11:56] {i2romantis} sm short LVS .34
[11:57] {nemo} lunchtime
[11:57] {nemo} where's that bottle
[11:57] {nemo} ?
[11:58] {Threei}  you are a bit restless today i2r :)
[11:58] {dino} vltr sm l .75
[11:58] {Les} I'll drink to that. gonna find me a red in the cellar
[11:59] {nemo} hope your kids lock you down there
[11:59] {dino} csl sm l .10
[12:00] {dino} uhal spike
[12:01] {dino} too fast
[12:02] {Les} spread from hell on UHAL
[12:02] {i2romantis} just a bit, vad :)
[12:02] {i2romantis} although that's a sound of past demise that's knocking on my door, so I am trying not to think and just do as I see
[12:03] {i2romantis} out LVS, +.02 (and of course it'll start dropping anytime now)
[12:04] {Les} I like LVS setup. just don't like market ambiguity
[12:04] {Les} market looks long
[12:06] {i2romantis} coulda woulda shoulda but never dida
[12:07] {Les} 1:1 on yer lvs
[12:07] {i2romantis} that's what I'm saying now :)
[12:07] {i2romantis} but it's ok, i'm tired of some of my trades that get me way too far off
[12:07] {i2romantis} so rather go safer this time
[12:07] {Les} x read vad?
[12:08] {Les} forget it
[12:08] {Threei}  ok
[12:08] {Les} when x is like this, I know I don't want to touch it...
[12:09] {nemo} like what, Les?
[12:09] {Les} crawling
[12:09] {i2romantis} RMBS is interesting
[12:09] {i2romantis} with the market, seems like a long
[12:10] {nemo} C&H on fcx?
[12:11] {nemo} yep
[12:12] {nemo} it's going to 70
[12:15] {Les} c & h fas
[12:15] {Les} break out here
[12:16] {dino} uhal hod again
[12:16] {dino} thinny
[12:16] {Les} MS holding up well against market.
[12:16] {Les} .40 break with .35 stop?
[12:17] {Threei}  not delighted
[12:17] {Les} is range bound though
[12:17] {ese} hmmmmm i like that thrust up in athr....bodes well for the future
[12:17] {nemo} did it penetrate resistance ese?
[12:20] {Les} wonder if the miners gonna rally. gdx been hammered
06[12:22] * strider slaps Les around a bit with a large Chatty Kathy
[12:22] {Threei}  GM Begins taking orders on Chevy Volt; priced at $41K; with options up to $44.6K
[12:22] {nemo} ahhh...an affordable hybrid
[12:22] {Threei}  The Volt will be initially available to Chevrolet customers in California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington D.C. area
[12:22] {nemo} gag
[12:23] {Threei}  - Chevrolet Volt is the only electric vehicle that can operate under a range of weather climates and driving conditions with little concern of being stranded by a depleted battery. Volt has a total driving range of about 340 miles and is powered by electricity at all times. For up to the first 40 miles, the Volt drives gas- and tailpipe-emissions-free using electricity stored in its 16-kWh lithium-ion battery. When the Volts battery runs low, a gas powered range-extending engine/generator seamlessly operates to extend the driving range another 300 miles on a full tank
[12:24] {Les} les slaps strider around with the pull string that originates one of eleven random Chatty Kathy phrases
[12:24] {Threei}  lol
[12:25] {Les} thanks for the history lesson hillbilly :)
06[12:25] * nemo stuffs Les and Strider in a Goodwill Box
[12:25] {dino} vltr to .10
[12:25] {strider} {--------------------------cuts pull string so Les can't talk anymore.
[12:25] {Les} hehehe
[12:26] {dino} you're going to see those all electric cars abandoned all over the roads
[12:27] {magoo} vad RIMM double bottoming?
[12:27] {magoo} or death
[12:27] {Les} vad gdx .01 break holding .95?
[12:27] {Les} .00
[12:27] {strider} GE quick climb
[12:28] {Les} or a .05 break?
[12:29] {Threei}  neither
[12:29] {Threei}  it's a total coin toss
[12:29] {Les} k
[12:31] {i2romantis} I'd rather sit it out than toss coins with this market
[12:31] {Threei}  guess who is on...
[12:31] {Les} alice in wonderland
[12:32] {strider} Sidney Poitier
[12:32] {dino} out vltr .28, +.54
[12:32] {Threei}  wonderland is right
[12:32] {Les} Motoko Kusanagi
[12:32] {i2romantis} the fed guy?
[12:32] {magoo} john stamos
[12:33] {hawk} nice dino, thx, i took .31 on VLTR
[12:33] {Threei}  hint, i2r:
[12:33] {Threei}  he just said "I want to keep pushing for climate change reform"
[12:34] {Les} that guy needs to be slapped with a big soap box
[12:35] {ese} L athr again. avg still .60
[12:35] {i2romantis} not sure, not watching the news lately, lots of them push for it
[12:36] {Threei}  OK{ just preserve and cherish your innocence :)
[12:36] {Threei}  we, it's too late for us
[12:37] {Threei}  we are doomed
[12:37] {Threei}  but you still may have a chance
[12:38] {i2romantis} :)
[12:38] {dino} hawk, gj
[12:39] {nemo} rimmm broke down
[12:39] {nemo} .50 next support
[12:40] {i2romantis} In and out LVS, +.08
[12:41] {nemo} rimm looks like it wants to drop more
[12:42] {dino} forgot order, v sm s uhal .80
[12:42] {dino} bstop is .00
[12:44] {i2romantis} what a nice jump on AONE
[12:48] {dino} csl stopped -.30
[12:49] {Threei}  (US) Coast Guard: Wellhead near coastal Louisinana marshlands is leaking oil; authorities are investigating leak, determining the scope of the leak
[12:49] {dino} lots of stops today
[12:49] {Threei}  Coast Guard notes that a tugboat hit the wellhead overnight. Reports from NBC news say that oil is gushing 20 feet into the air.
[12:49] {i2romantis} in and out LVS +.05
[12:49] {strider} TMO, dino
[12:50] {dino} stopped earlier on it
[12:50] {strider} ah
[12:50] {strider} TMO, les.
[12:50] {strider} :)
[12:51] {Les} ?
[12:51] {Les} not yet
[12:54] {dino} all red
[12:54] {i2romantis} you know that song by Gloria EStefan, the "The Market is gonna get me"
[12:55] {dino} ohhh noooooo
[12:57] {swil} I"ve had it. I'm getting the ice cream out
[12:57] {nemo} ?
[12:57] {Les} dooooon't do it swil
[12:57] {Les} life is worth living!!
[12:57] {swil} lol
[12:57] {nemo} shut up Les
[12:57] {Threei}  life? what life...
[12:58] {Threei}  gimmie that ice cream too
[12:58] {nemo} Yeah...we sit on our asses all day staring at monitors insulting each other
[12:58] {Les} on my second glass of red and chatty kathy is looking pretty good right now
[12:58] {swil} now your talken
[13:02] {Threei}  *(US) TREASURY'S $38B 2-YEAR NOTE AUCTION DRAWS 0.665%; BID-TO-COVER RATIO: 3.33 V 3.45 PRIOR AND 3.18 AVG OVER LAST 10 AUCTIONS
[13:02] {Threei}  irect bidders take 33% of competitive bids, direct bidders take 13%
[13:03] {strider} erect bidders?
[13:03] {Les} irate bidders?
[13:03] {swil} is that a desfunction
[13:04] {Les} you learn threeish fast swil...
[13:04] {Threei}  take your heads out of the gutter will ya
[13:04] {Threei}  it's "direct"
[13:04] {Threei}  or indirect
[13:04] {Les} hey that be hillbilly's fantasy
[13:04] {strider} I just meant 'standing up', vad.  
[13:04] {strider} good posture.
[13:05] {Threei}  no doubt
[13:05] {Threei}  as in homo erectus
[13:05] {strider} Exactly.
[13:05] {nemo} homo disabilis
[13:05] {nemo} dis-habilis
[13:05] {Les} homo idiotis
[13:05] {nemo} spel it rite
[13:05] {Threei}  now, that's too broad
[13:05] {Les} crikey we be bored
[13:06] {Threei}  what's the point in distictions that cover about 99% of humanity
[13:07] {Les} that's the lot doomed to rest on earth while we migrate to mars...
[13:07] {nemo} you going?
[13:07] {nemo} I'll stay
[13:07] {Les} awwww nemo. you won't join me for a five year cruise?
[13:08] {nemo} one of us won't last five years
[13:08] {Les} lol
[13:08] {shorty} lol
[13:14] {Threei}  I am not going with you to Mars
[13:14] {Threei}  I am Titan-bound
[13:14] {dino} csl last try sm l .75
[13:14] {Les} hmm nice views on Titan I heard
[13:15] {nemo} who told you?
[13:15] {shorty} Well, if you guys are leaving then I will stay.
[13:15] {Les} Saturn dude Saturn. U can't say that would not be a nice view
[13:15] {nemo} cloudy there all the time
[13:16] {dino} uranus
[13:16] {Les} I see dense atmosphere, but nothing about clouds
[13:16] {Les} oh belt up dino
[13:16] {nemo} don't go there Dino
[13:16] {nemo} rancid
[13:16] {larisa} you all go, I will stay and be a dolphin
[13:16] {larisa} shorty can stay too.. you can be a shrimp :)
[13:17] {nemo} she'll eat you
[13:17] {Les} don't go there nemo
[13:17] {nemo} worse ways to go I suppose
[13:17] {shorty} A crustacean........sure why not.
[13:18] {shorty} I will give you high cholesterol larisa.
[13:18] {Threei}  you know what dolphins said leavinbg Earth larisa, right?
[13:19] {Threei}  come on... anyone??
[13:19] {Les} you're telling it vad
[13:19] {nemo} ?
[13:19] {Threei}  So long, and thanks for the fish
[13:19] {nemo} oh yeah, forgot
[13:19] {Threei}  google it
[13:20] {Threei}  not you nemo
[13:20] {Threei}  you are literature one
[13:20] {larisa} is it a compliment of some kind?
[13:20] {Threei}  to whom?
[13:20] {nemo} Strider too..he's academic hillbilly
[13:20] {Les} egghead
[13:21] {nemo} pinhead
[13:21] {Les} ouch
[13:21] {larisa} lol
[13:21] {nemo} I saw your picture
[13:21] {Les} haha
[13:21] {Threei}  http://en.wikipedia.org/wiki/So_Long,_and_Thanks_for_All_the_Fish
[13:22] {nemo} yeah, my frickin' dog did too, turned to stone
[13:22] {dino} lh blood
[13:23] {dino} cov half uhal .80, +1.00
[13:24] {Les} nice one. any news on uhal?
[13:24] {dino} cov other half uhal .90,+.90
[13:25] {dino} no
[13:25] {Threei}  AONE...
[13:25] {Threei}  .90 break...
[13:27] {Les} stop where?
[13:27] {Threei}  .80
[13:31] {Les} rmbs read vad?
[13:32] {Threei}  none
[13:32] {Threei}  GS Fox Business teases a Gasparino segment about methods GS may be using to 'get around' the Volcker rule (147.59, -0.61, -0.41%)
[13:32] {Threei} Short Setup: LVS  .20 break
[13:36] {Les} stop .25 or .30?
[13:37] {Threei}  .25 isa formally possible... but I'd prefer .30
[13:37] {Threei}  (US) WTO has reportedly supported CHina in disupute with the US over the ban on imports of chicken from China - unconfirmed report (related TSN TRADEX PPC SAFM )
[13:38] {nemo} in tna .31
[13:38] {Les} that's it, stick it to the commie bastards!
[13:38] {Threei}  GS Moving proprietary traders to different parts of the company (147.75, -0.45, -0.30%)
[13:40] {Les} think its good for more than a scalp?
[13:41] {Threei}  hard to tell really
[13:41] {Threei}  1:1
[13:41] {Les} covered .12. damn
[13:41] {shorty} covered .09 ty
[13:41] {Threei}  :)
[13:42] {strider} vad, you're pretty darn good at this.
[13:42] {Les} yes, thank you sir. If I hadn't taken it upon myself to short RMBS just before .50 long I'd be quits by now
[13:42] {Threei}  thanks for not adding "getting"
[13:43] {strider} you're pretty darn good at this getting
[13:43] {Threei}  lol
[13:48] {dino} sm l whr .25
[13:48] {nemo} 1/2 out .42
[13:48] {dino} gj
[13:48] {nemo} 1/4 more .53
[13:48] {nemo} next .65
[13:49] {nemo} out
[13:49] {nemo} .34+
[13:49] {nemo} scalpers regret
[13:49] {Les} nice
[13:49] {nemo} I sweated that one, fingernail stop hol
[13:49] {dino} gj
[14:01] {nemo} l lvs .10 break?
[14:02] {nemo} Vad?
[14:03] {Threei}  I doubt it
[14:03] {nemo} ty
[14:07] {swil} spy, kind of a mirror to yesterday. any meaning vad?
[14:07] {nemo} ?
[14:08] {Threei}  not really
[14:08] {nemo} had pretty good gains yesterday, consolidation maybe
[14:08] {Threei}  aimlessly wandering market
[14:08] {Threei}  summer laziness
[14:08] {Threei}  lazily squeezes shborts that fell asleep at the wheel
[14:08] {patience} ese, you still here?
[14:09] {Threei}  next day just as lazily drifts down
[14:09] {swil} george carlin.  thier was a cure for apathy discovered, but no one was interested
[14:10] {patience} vad, if you are coming into my neck of the woods, there are multiple sightings of a cougar roaming the neighbourhood
[14:11] {Threei}  cool
[14:11] {Threei}  wasn't foinf today thugh
[14:11] {nemo} Vad would make a good dinner
[14:11] {Threei}  or going
[14:12] {dino} some of those cougars are pretty hot
[14:12] {patience} must be the deer this year.  it is getting that there are more deer on the sidewalks than people
[14:12] {nemo} oh jeez
[14:12] {nemo} deer?
[14:12] {Threei}  swil... right up that alley: Doctor, give me something against the greed... and give me more, more of that!
[14:12] {nemo} deer?
[14:13] {swil} perhaps my gut
[14:13] {patience} loads of them on my street, they lay down up against the houses, 3 bucks in a row on the front flower bed, sleeping until it is cooler
[14:13] {swil} vad
[14:17] {Les} vad rmbs .30 b/d?
[14:17] {Les} tight stop
[14:18] {Threei}  I guess
[14:18] {Les} hmmm pizza and booze life is good...
[14:18] {Les} u guess?
[14:18] {Threei}  better than "I doubt it", no?
[14:18] {hawk} lol
[14:18] {Les} not sure about those odd
[14:18] {Les} odds
[14:18] {strider} will you take the trade?
[14:19] {strider} vad
[14:19] {Threei}  nope
[14:19] {strider} :)
[14:19] {Les} academic anyway
[14:21] {strider} Gotta run, guys.  See you in the morning.
[14:21] {Les} ciao shortstuff
[14:22] {strider} short.....hmmmmm....how big do they grow the men in your country?
[14:22] {dino} cya strider
[14:22] {Threei}  take care strider
[14:22] {swil} vad. is spy drop, base,down.  is that least resistance.I'll take it in stride
[14:22] {strider} thanks, vad.  
[14:23] {hawk} AONE back to trigger
[14:23] {Threei}  sorry, not sure I understand the question
[14:24] {swil} spy for the day. is it drop base implosion
[14:24] {nemo} ?
[14:24] {Threei}  at what point?
[14:25] {Threei}  right now? np
[14:25] {swil} about now
[14:25] {dino} out whr .75, +.50
[14:25] {Threei}  nah, not really
[14:25] {Threei}  we are good 40 cents above the low
[14:25] {swil} ty
[14:26] {Threei}  for comparison, look at 11 am on 1 min chart
[14:26] {Threei}  that was typical DBI
[14:26] {Threei}  followed through nicely
[14:26] {Threei}  see what I mean?
[14:27] {swil} need to feel about that
[14:28] {Threei}  just identify vosually the actual chart with "standard"
[14:28] {magoo} is AONE in play?
[14:28] {Threei}  visually
[14:28] {swil} ah. thats easeir. ty
[14:30] {magoo} [14:28] {magoo} is AONE in play?
[14:31] {Threei}  ?
[14:32] {magoo} it was a previuos setup..is it in playt?
[14:32] {Threei}  it invaldated eons ago
[14:32] {Threei}  .80 was invalidation - and it went under .70
[14:33] {i2romantis} so, what's moving then? I see LVS picking up the volume, but not liking it. Anything else moving fast?
[14:42] {ese} .
[14:43] {ese} zzzzzzzzzzzzzzzzzzzzzzzz
[14:43] {ese} still long athr
[14:46] {Threei}  CMTL Ticks higher on vague chatter that it could still be considered for a secondary order related to the Blue Force Tracking project (22.80, +0.63, 2.84%) (related VSAT )
[14:46] {i2romantis} taking LVS, long
[14:48] {shorty} doh!
[14:49] {shorty} AONE
[14:49] {magoo} dont even type AONE
[14:49] {nemo} AONE
[14:49] {nemo} phhhhhhht
[14:49] {dino} ok, guys out csl -.10.
[14:50] {dino} calling it a week. back on aug. 9th
[14:50] {ese} aone
[14:50] {hawk} have fun dino
[14:50] {larisa} bye dino :)
[14:50] {shorty} take care dino
[14:50] {nemo} so you won't see Vad until the 27th?
[14:50] {Threei}  take care dino, have fun
[14:50] {magoo} long RIMM 53
[14:50] {ese} dino.......have a great holiday
[14:50] {Threei}  why 27
[14:50] {dino} thx all
[14:50] {ese} where are you headed.....golfing per chance
[14:50] {nemo} bad typing
[14:50] {Threei}  I am off from 9th for a week
[14:51] {Les} ciao have a good one dino
[14:51] {magoo} no go
[14:51] {nemo} dbi X?
[14:56] {Les} rmbs finally gave up
[15:01] {magoo} anyone know if or when RIG reports?
[15:02] {Les} http://finance.yahoo.com/q/ce?s=RIG+Company+Events
[15:02] {hawk} 8/4
[15:02] {magoo} ty hawk
[15:02] {nemo} 10-4
[15:03] {Les} maybe 5th, need to verify
[15:03] {nemo} 10-4
[15:03] {Les} http://biz.yahoo.com/cc/8/115688.html
[15:03] {Les} lol
[15:04] {Les} forget it
[15:04] {nemo} okey dokey
[15:07] {Les} rimm vad. 53 break?
[15:08] {Threei}  nah
[15:08] {nemo} ?
[15:08] {nemo} oh
[15:08] {Les} ok
[15:11] {Les} x made 45 lod.
[15:11] {Les} just short of gap closure
[15:21] {magoo} les, nemo..where resisistance X?
[15:21] {Les} 46.10 is next
[15:21] {Les} just passing 200ma now
[15:21] {magoo} i took .40 long
[15:21] {nemo} just passed 200 ma  .66
[15:21] {nemo} next resistance is 46 area
[15:22] {Les} good entry. was too chicken to take it
[15:22] {nemo} might want to partial here
[15:25] {magoo} lets fry the BEARS
[15:29] {Les}  lvs vad?
[15:30] {i2romantis} I was good on LVS, wow
[15:30] {i2romantis} didn't realize it went up so much!
[15:30] {i2romantis} what a funky day
[15:30] {magoo} u timed it perfect roman
[15:32] {nemo} gotta' go....manana
[15:32] {Les} ciao
[15:32] {hawk} me too, cya
[15:32] {shorty} cya guys tomorrow.
[15:33] {Threei}  everyone leaves?
[15:33] {Threei}  what am I doing here?
[15:33] {Les} they all thought yo'd gone to sleep
[15:34] {i2romantis} i always wonder how come people leave before 4 pm
[15:34] {i2romantis} isn't that the crunch time?
[15:35] {Threei}  sometimes
[15:35] {Threei}  sometimes not
[15:35] {Threei}  in the summer, more often not
[15:39] {i2romantis} ok
[15:39] {i2romantis} AONE, slowly, but surely moved up
[15:49] {ese} vad dcc please
[15:53] {Threei}  quiet ending
[15:53] {Threei}  okay guys
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a good evening, see you tomorrow
[15:53] {Les} ciao
[15:56] {lasertrev} good night all
[15:58] {swil} ty