Wednesday, July 28, 2010

Jul 28 2010

Another boring and profitable day. Check out two especially nice trades: LVS long in the morning (9:43), and  X short at 14:23.

Session Time: Wed Jul 28 00:00:00 2010
[03:32] {_peterpalko} Hello
[03:41] {_peterpalko} Hello
[03:45] {_peterpalko} Is somebody here?
[07:17] {_peterpalko} Hello
[08:30] {Threei}  *(US) JUN DURABLE GOODS ORDERS: -1.0% V 1.0E%; DURABLES EX TRANSPORTATION: -0.6% V 0.4%E
[08:30] {Threei}  LVS Chairman Adelson: Macau retail sales are steadily increasing, very pleased with Macau business so far - conf call (25.28, 0.00, 0.00%)
[08:31] {Threei}  peter, you here?
[08:31] {Threei}  07:10 [LVS] Reports Q2 $0.17 (adj) v $0.09e, R$1.59B v $1.6Be
[08:35] {_peterpalko} Yes iam here
[08:35] {Threei}  we work on NY time
[08:36] {_peterpalko} Ok
[08:36] {Threei}  market opens at 9:30, so room conversation starts about an hour before that
[08:36] {_peterpalko} allright
[08:37] {Threei}  CPST To demonstrate heavy duty hybrid electric drive system with major US Truck OEM
[08:37] {nemo} blast from the past
[08:38] {Threei}  no kidding
[08:38] {Threei}  - The Capstone Drive Solution will make it easier for vehicle manufacturers to integrate microturbines into a series hybrid electric drivetrain. As part of its recently announced joint development agreement with CalMotors, the Capstone HEV product offering will now include inverter drives, traction motors and a vehicle power control module that will seamlessly integrate with Capstone 30kW and 65kW microturbines
[08:38] {nemo} LVS might start running
[08:52] {nemo} lotta' support 26
[08:53] {Threei}  yep, if it was trading time, call would be .10 break if holding 26
[08:55] {nemo} like that DB 1 minute each
[08:56] {nemo} lotta hidden sells at .10
[09:00] {nemo} and now we have a short setup in LVS  ;)
[09:00] {Threei}  *ECB PUBLISHES NEW HAIRCUT SCHEDULE
[09:00] {nemo} ?
[09:01] {Threei}  Europe mandates haircuts for all the residents, and manages who cuts hair when... didn't you know? {G}
[09:02] {Threei}  NEW HAIRCUT SCHEDULE FOR LOWER RATED COLLATERAL
[09:02] {Threei}  - Wii NOT unduly reduce eligible collateral volume
[09:02] {Threei}  - Extends 5% markdown to all theoretically-valued bank bonds
[09:06] {Threei}  - Haircut to range 0.5% to 69.5%
[09:06] {Threei}  that's some ranfe
[09:06] {Threei}  range too
[09:07] {Threei}  and 69% I would call beheading rather than haircut
[09:08] {Threei}  (HU) Hungary PM: Economy is stable
[09:08] {Threei}  cool, I want to move to Hungary
[09:09] {_peterpalko} I'm here in Hungary :D
[09:09] {Threei}  congratulations then, your economy is stable :)
[09:10] {_peterpalko} absolutely
[09:13] {magoo} morn
[09:13] {Threei}  mags :)
[09:16] {Les} evening all
[09:16] {Threei}  lol
[09:16] {strider} good morning.
[09:16] {Threei}  these europians with their unscheduled haircuts...
[09:17] {Threei}  LVS is certainly of radar
[09:17] {Threei}  on
[09:19] {magoo} as short vad?
[09:20] {magoo} tends to pllbkj
[09:20] {magoo} LVS
[09:20] {Threei}  whatever forms
[09:20] {Threei}  it's playable both directions
[09:22] {lasertrev} morning
[09:22] {Threei}  trev :)
[09:23] {_peterpalko} morning
[09:23] {nemo} afternoon
[09:24] {Les} {------------ slaps nemo around with GMT +1
[09:24] {strider} Morning, peter.  picked any pickled peppers lately?
[09:24] {nemo} oh jeez
[09:24] {lilyd} gm. Interesting, my screen is blank w/no prior conversation -
[09:24] {_peterpalko} :)
[09:25] {strider}  {nemo} oh jeez.   Yes, my son?
[09:25] {Threei}  lily... maybe it's to the better...
[09:25] {nemo} slab
[09:27] {Threei}  what is it you''d see, really... nemo and les greeting each other with customary gunfire?
[09:27] {larisa} gm :)
[09:27] {Threei}  larisa :)
[09:27] {jfjf64} mornin
[09:27] {Threei}  jf :)
[09:28] {lilyd} good point
[09:30] {strider} NVDA
[09:30] {nemo} wow, no gap today...I don't know what I'm going to do
[09:30] {Threei}  there is one
[09:30] {Threei}  just down
[09:31] {Threei}  LVS, one more leg down
[09:31] {Threei}  then getting interested in long
[09:31] {nemo} .72 is 200
[09:31] {Les} .83 is pivot support
[09:32] {nemo} bounced off pivot
[09:32] {Threei}  bounced too soon
[09:32] {Threei}  waiting
[09:32] {Threei}  GNBT Provides update On Generex Oral-Lyn(TM) Phase III TrialStudy achieved 75% of the Required Number of Per-Protocol Completers (0.37, +0.03, 8.63%)
[09:32] {jfjf64} thats  what  we do
[09:32] {shorty} gm
[09:32] {Threei} Long Setup:  AONE  .15 break half lot
[09:33] {magoo} in
[09:33] {strider} jumped
[09:33] {nemo} yeah, over my bid
[09:33] {strider} early bird mags wins
[09:33] {Threei}  LVS
[09:33] {Threei}  sharp pullback
[09:34] {Threei}  mags, feel free to take prodit
[09:35] {magoo} 'out .35 +.20 ty
[09:35] {Threei}  :)
[09:37] {magoo} remember, second mouse gets the cheese
[09:37] {Threei}  OK LVS
[09:37] {Threei}  getting interesting
[09:38] {nemo} big offer .71
[09:38] {strider} nwsa
[09:38] {Threei} Long Setup:  LVS  .70 break
[09:38] {Threei}  if stays above .60
[09:38] {nemo} too late
[09:39] {strider} in .70
[09:39] {strider} only partial fill...stopped.
[09:39] {strider} agaom. vad?
[09:40] {strider} again
[09:40] {ese} good morning......
[09:40] {Threei}  not sure
[09:40] {Threei}  ese :)
[09:40] {Les} lvs pivot support .44. 50 break maybe?
[09:41] {Threei}  why fuess?
[09:41] {strider} nwsa short?
[09:41] {Threei}  let's wait and see what happens
[09:41] {nemo} lvs moving too fast
[09:41] {Threei}  and shapes up
[09:41] {Threei}  NWSA way too narrow
[09:41] {strider} k
[09:42] {strider} ODFL upgrade
[09:42] {strider} wide
[09:43] {Threei}  rinse
[09:43] {Threei}  LVS should dive under .70 now, and become double bottom play as close to .60 as possible
[09:44] {Threei}  here we go
[09:44] {Threei}  .65 break long
[09:44] {Threei}  stop under .50
[09:45] {Threei}  1:1
[09:45] {shorty} out +.12
[09:45] {shorty} ty
[09:45] {Threei}  :)
[09:45] {strider} can't get it.
[09:45] {Les} the grand sum of 100 shares but nice setup
[09:45] {magoo} out .93 NICE
[09:45] {magoo} ty
[09:46] {magoo} pretty great live commentary on vads part
[09:46] {Threei}  welcme, but don't call me nice
[09:46] {strider} not to worry.
[09:46] {nemo} setup=nice  Vad=?
[09:46] {Les} well I ain't gonna call you surely
[09:46] {nemo} you jest
[09:46] {Threei}  thank you for that
[09:46] {Threei}  moves really fast this morning, the only way for me to call it is describe the idea of the play in advance
[09:47] {gregns} the idea and advance notice helped me ! thks
[09:47] {Les} let's do that again
[09:47] {Threei}  :)
[09:47] {shorty} That was almost nice of you to do that Threei.
[09:47] {Threei}  lol
[09:47] {magoo} it is xtra fast today LVS
[09:47] {Threei} Short Setup: BP  .70 break
[09:47] {Les} market db?
[09:47] {Threei}  if stays under .80
[09:51] {Threei}  call for patient types, magoo stay way please
[09:51] {Threei} Long Setup:  DRYS  .55 break if stays above .50 for scalpers, .45 for day traders
[09:51] {Threei}  LVS 1:2, full out
[09:52] {magoo} ty for that
[09:52] {magoo} i cant handle slow
[09:52] {Threei}  sure thing
[09:53] {magoo} in bp sh
[09:53] {nemo} in too
[09:53] {Les} partial or scalp
[09:53] {magoo} futes hit a low
[09:53] {Threei}  feels to me like should be capable of more
[09:54] {Threei}  .45 - .50 eventual target but let's partial
[09:54] {magoo} i wait .57
[09:54] {Threei}  actually... .35 is more like it
[09:55] {Threei}  want to do three partials
[09:55] {Threei}  1:1 for first, around .45 - .50 for second and under .40 for third
[09:55] {magoo} hope doesnt rinse us
[09:56] {nemo} really?
[09:56] {nemo} I love getting rinsed
[09:56] {nemo} duh
[09:56] {Threei}  yes but you are pervert
[09:57] {Les} that's just plain tawdry of you nemo
[09:57] {nemo} Thank You!
[09:58] {magoo} see nemo, u already made newbie quit
[09:58] {Les} lol
[09:59] {Les} drys .50 b/d?
[09:59] {magoo} BRCM vad
[09:59] {magoo} thinkin short
[09:59] {Threei}  DRYS, nah
[10:00] {Threei}  BRCM... maybe .30 break
[10:00] {Threei}  tough one
[10:00] {magoo} not against mkt here tho
[10:00] {strider} short?
[10:00] {strider} BRCM
[10:00] {Threei}  09:59] {magoo} BRCM vad
[10:00] {Threei}  [09:59] {magoo} thinkin short
[10:00] {magoo} yea, but only if mkt helps
[10:01] {strider} BP water torture
[10:01] {nemo} higher lows
[10:01] {Les} showing strength
[10:02] {Threei}  you can say lower highs just as well
[10:02] {shorty} It's a trap,I think?
[10:02] {Threei}  what is?
[10:02] {nemo} no last five minutes flat
[10:02] {strider} there goes BRCM
[10:02] {shorty} BP
[10:02] {Threei}  why?
[10:03] {Threei}  you guys are trying to outguess and outsmart market
[10:03] {Threei}  trade is on, let it shape up
[10:03] {Threei}  you have stop, you have target
[10:03] {Threei}  whatever happens inbetween is noise
[10:03] {shorty} No.....Not trying to outsmart the market
[10:04] {Threei}  it will work or it won't
[10:04] {shorty} You are right Threei, I will shut up now.
[10:04] {Les} damn BRCM was a .30 short
[10:06] {nemo} .68 the level
[10:06] {Les} cut trade in half to reduce risk
[10:06] {strider} jec
[10:08] {Threei}  1:1
[10:08] {i2romantis} wow, I'm up late!
[10:08] {Threei}  LOL
[10:08] {i2romantis} out LVS, +.77!!! exciting
[10:08] {i2romantis} good thing it's not the other way
06[10:08] * Threei slaps i2romantis around a bit with a large alarm clock
[10:08] {i2romantis} lol
[10:09] {i2romantis} I can't believe i missed it though
[10:09] {i2romantis} late night
[10:09] {Threei}  let BP be a lesson in fatalistic approach to trading
[10:09] {Threei}  whatever happens, take it
[10:10] {Threei}  or let's call it Forest Gump trading
[10:10] {nemo} run forrest run
[10:11] {Threei}  hmmm... dino is not here, who tripped over the market plug now?
[10:11] {Threei}  usually it's him who does that
[10:11] {Les} you mean stupid is as stupid does?
[10:11] {Threei}  well.. that movie is rich enough in quotes department, each can pick whatever he likes
[10:12] {Les} hehehe good call
[10:12] {i2romantis} I thought it was me with my talking
[10:12] {shorty} Out BP + .20...I ss aggressively.  ty
[10:12] {i2romantis} I shorted LVS too, so getting out now
[10:12] {Threei}  :)
[10:12] {magoo} dammit, was looking for where dino hid vodka in his office and tripped on mkt plug
[10:13] {Threei}  ahha
[10:13] {Threei}  now we know why dino doeas it so often
[10:13] {nemo} lvs bounce?
[10:13] {Threei}  he keeps vodka close to the outlet where market is plugged in
[10:13] {magoo} anyone hit my brcm sh?
[10:14] {Les} looking at it. dunno if there is a new setup
[10:14] {Threei}  I think it's not ready nemo
[10:14] {Threei}  BP 1 cent away from 1:2, twice...
[10:14] {nemo} yeah, out
[10:14] {Les} vad I'm all out BP
[10:15] {Les} .50 new setup?
[10:15] {strider} my s to for balance .61
[10:15] {strider} sstop
[10:15] {Les} following this market bouce
[10:15] {Threei}  tough call re: new setup
[10:15] {Les} yeh I am worried that market is ready to turn
[10:15] {nemo} 1:1 lvs
[10:16] {Threei}  could be, but I'd prefer aggresive entry for that
[10:16] {magoo} lvs tends to over due it, as in it should fall further
[10:16] {magoo} plus 26.17 was high yesterday area, must be resistance
[10:17] {nemo} 1:2 half out
[10:17] {strider} stopped bal. bp
[10:17] {nemo} 1/4 more .10
[10:17] {shorty} LVS is jumpy today on the long side.
[10:18] {nemo} stop to .95
[10:18] {Threei}  PIMCO's Bill Gross releases Aug Investment Outlook: Privates Eye
[10:18] {Threei}  - New Normal that will likely impact growth and financial markets for years to come. Our New Normal, to repeat ad nauseam, is predicated upon deleveraging, reregulation and deglobalization, all of which promote slower economic growth and lower inflation in developed economies while substantially bypassing emerging market countries that have more favorable initial conditions
[10:18] {i2romantis} LVS short .03
[10:18] {Threei}  - The danger today, as opposed to prior deleveraging cycles, is that the deleveraging is being attempted into the headwinds of a structural demographic downwave as opposed to a decade of substantial population growth
[10:18] {Threei}  - PIMCOs continuing New Normal thesis of deleveraging, reregulation and deglobalization produces structural headwinds that lead to lower economic growth as well as half-sized asset returns when compared to historical averages. The New Normal will not be aided nor abetted by a slower-growing population nor by cyclical policy errors that thrust Keynesian consumption remedies on a declining consumer base
[10:19] {nemo} bp long break of .63?
[10:19] {nemo} nevermind fakes
[10:21] {nemo} out lvs here
[10:21] {nemo} don't like market drop
[10:21] {Les} IWM dropping off a cliff
[10:22] {nemo} follow
[10:22] {Les} who, the market?
[10:22] {nemo} yeah, you've got plenty of cliffs in Switzerland
[10:24] {i2romantis} out LVS +14
[10:26] {i2romantis} funny, i dno't use market orders, but this time I tried and it waited for 10 seconds, oddly enough, so I redid it with a limit order and got it in within that second
[10:27] {Threei}  that's a surefire sign of your order flow being sold
[10:27] {Threei}  change
[10:28] {hawk} oil #'s coming up
[10:29] {strider} short JEC .14
[10:29] {strider} stop .20
[10:30] {Threei}  - The danger today, as opposed to prior deleveraging cycles, is that the deleveraging is being attempted into the headwinds of a structural demographic downwave as opposed to a decade of substantial population growth
[10:30] {Threei}  - PIMCOs continuing New Normal thesis of deleveraging, reregulation and deglobalization produces structural headwinds that lead to lower economic growth as well as half-sized asset returns when compared to historical averages. The New Normal will not be aided nor abetted by a slower-growing population nor by cyclical policy errors that thrust Keynesian consumption remedies on a declining consumer base
[10:30] {Threei}  oops
[10:30] {Threei}  *DOE CRUDE: +7.3M V -1.6ME; GASOLINE: +90K V +500KE; DISTILLATE: +940K V +2ME; UTILIZATION: 90.6% V 91.0%E
[10:31] {nemo} wow
[10:31] {Threei}  lol
[10:31] {nemo} glad I got out of lvs
[10:31] {strider} out 1/2 .08 +.06
[10:31] {Threei}  out of all numbers published this one is the most meaningless
[10:31] {i2romantis} LVS short .81
[10:32] {nemo} yeah, but how they can be so wrong
[10:32] {strider} out 1/4 .04 +.10
[10:33] {nemo} slab short break of 41?
[10:34] {Threei}  looks like
[10:34] {Threei}  keep shares smallish
[10:34] {Threei}  volatile one
[10:35] {i2romantis} out LVS +21
[10:37] {shorty} nice one i2romantis
[10:37] {i2romantis} ty
[10:37] {strider} out balance JEC .94 +.20
[10:38] {i2romantis} jg strider
[10:38] {i2romantis} gj*
[10:38] {strider} thks
[10:38] {i2romantis} at this point I don't see LVS until it goes up to around 26
[10:39] {i2romantis} RMBS moving with LVS for the past few days
[10:39] {i2romantis}  somewhat
[10:41] {i2romantis} short LVS .83
[10:44] {i2romantis} wrong on that one
[10:44] {Threei}  nah, it can't be. it's market that is wrong
[10:45] {Threei}  but keep your stops nonetheless :)
[10:45] {i2romantis} out LVS -.05
[10:45] {ese} heres a free one for you: www.stockmapper.com/STXtrac.html  great heat map of the S&P 500
[10:45] {strider} {---------slaps the market around with a large cardboard cutout of i2.
[10:45] {ese} lol
[10:45] {i2romantis} wanted to get in at 26, was too early I feel
[10:47] {i2romantis} you know, i said it before and I will say it again, when I trade when I see rather than what I think, it almost always works out, and I mean always, because even the stops are set properly
[10:47] {i2romantis} the moment I let myselt think and wish (mostly wish :) ), it goes to crapper
[10:48] {Threei}  sounds right to me... that's how it should work
[10:48] {Threei}  thinking is overrated
[10:48] {strider} JEC breaks daily resis....continues down.
[10:48] {ese} hmmmmmmmmmmmmm i'll have to think about that one
[10:49] {Threei}  don't... it will hurt
[10:49] {Threei}  badly
[10:49] {strider} Pain is just weakness leaving the body.
[10:50] {nemo} oooorahhhh!
[10:50] {Threei}  then thinking is pain entering the body
[10:50] {ese} thats another hmmmmmmmmmm
[10:50] {i2romantis} Vad, LVS, short?
[10:50] {Threei}  I don't see any clear setup here
[10:51] {i2romantis} I feel it's going to hit 26.15, but then again, it's thinking
[10:51] {strider} you know all that stuff, nemo.
[10:51] {i2romantis} k thx
[10:51] {nemo} what stuff?
[10:51] {strider} all the 'hoooo-ah' stuff.
[10:51] {nemo} ?
[10:52] {Threei}  SLAB short worked like charm btw
[10:52] {strider} And yea, though I walk through the valley of the shadow of death, I fear no evil......for I am the meanest m-f in the valley.
[10:52] {nemo} yes
[10:52] {nemo} although, went right to the stop threshold
[10:52] {magoo} we in anything now, was on phone..3 different calls..dam dino
[10:52] {nemo} coma
[10:53] {Threei}  here is funny thing about thinking, now that I think about it
[10:53] {i2romantis} yes?
[10:53] {gregns} yes, ty vad and nemo for slab still in it
[10:53] {Threei}  there are so many people thinking about market, coming up with various, usually quite sophisticated, explanations and theories about qwhat happens and what is coming
[10:54] {Threei}  now and then some of them try to ask me what I think,
[10:54] {Threei}  and I always sound so unsure at best, and most often just plainly answer "no idea"
[10:54] {i2romantis} right
[10:54] {strider} and the answer's always the same:  bring more vodka.
[10:54] {i2romantis} lol
[10:55] {i2romantis} but I think if we ask, it's because I suck at reading setups, still learning
[10:55] {Threei}  and they start telling me that as a trader I must get involved in thinking process,
[10:55] {Threei}  discuss it,
[10:55] {Threei}  otherwise I am not prepared
[10:55] {Threei}  then at some point we inevitably come to the m oment
[10:56] {Threei}  where all their thinking brings them nothing but disappointment
[10:56] {i2romantis} true
[10:56] {Threei}  and my non-thinking simply fives me setups to trade
[10:56] {Threei}  gives too
[10:56] {Threei}  sure enough, they have great explanation for why their prognosis are never right
[10:57] {Threei}  manipulation, what else
[10:57] {Threei}  'cause you know... they figured it all out and they are correct, and if market disagrees - that's because some mean sob manipulated it
[10:57] {i2romantis} i prefer profits than explanations of why it didn't work
[10:58] {Threei}  even if there is such a mean sob,
[10:58] {Threei}  what good the method of market reading is if it doesn't incorporate his existence
[10:58] {Threei}  and doesn't account for his actions?
[11:00] {i2romantis} that's deep, vad
[11:00] {Threei}  yeah... that's me
[11:00] {i2romantis} and makes sense :)
[11:00] {Threei}  deep
[11:00] {nemo} yeah, he shovels pretty good
[11:00] {Threei}  now, where is that cake to slam in someone's face, and where is that paddle to trip someone so he falls into it?
[11:01] {nemo} who?
[11:01] {Threei}  who what?
[11:01] {magoo} sheesh, u doing alot of me in that
[11:01] {lilyd} I have a question about this.  There's a lot written about HFT.  Last week, I read something about how the HFT work off of
[11:01] {lilyd} high probability trades.
[11:01] {magoo} i ask about your basic idea of where mkt is headed
[11:02] {magoo} i think it helps if keep in mind mkt is up say 7 straigt
[11:02] {i2romantis} I'm shorting LVS at 26.15 or around that
[11:02] {lilyd} If this is the case, wouldn't that make what you do, finding high probability trades, work better?
[11:03] {Threei}  I am not sure there is such direct connection, lily
[11:03] {Threei}  HFT is focused on very small movements in highly liquid stocks
[11:03] {Threei}  often taking profits as snmall as 1 cent
[11:04] {Threei}  or less
[11:04] {Threei}  profiting from ECN rebates
[11:04] {Threei}  we don't normally do this
[11:04] {lilyd} OK, so their high probability trades are on a whole different level...
[11:05] {Threei}  there are so many myths about HFT
[11:05] {nemo} talk about scalpers regret on slab
[11:05] {gregns} i agree nemo
[11:05] {nemo} we can be idiots together
[11:05] {nemo} Les carries the flag, though
[11:05] {gregns} "nah"
[11:05] {nemo} the list greg
[11:06] {i2romantis} LVS resisting with the market, too bad
[11:07] {Threei} Long Setup:  LVS  26 break
[11:07] {Threei}  if stays above .90
[11:08] {i2romantis} there we go
[11:08] {nemo} oy
[11:08] {Threei}  1:1
[11:08] {magoo} dam missed that
[11:08] {i2romantis} short it is
[11:09] {jfjf64} all over  that
[11:09] {jfjf64} ty
[11:09] {Threei}  :)
[11:09] {jfjf64} i was  set  up  4  while
[11:09] {strider} did a nemo double tap, but out +.10 in full.
[11:09] {jfjf64} ya  call  got  me  exiteddddddddddddddd
[11:09] {Threei}  I can tell :)
[11:10] {magoo} im reading REAL MONEY, and i miss making REAL {ONEY he he
[11:10] {Threei}  ahh... but you are enriched with knowledge...
06[11:10] * magoo slaps Threei around a bit with a large trout
[11:10] {Threei}  hehe
[11:11] {magoo} just justified your whole prev lecture
[11:11] {Threei}  and what do I get for it
[11:11] {magoo} be mean ignorant slob lol ad just take blind setups (as i run for cover)
[11:11] {Threei}  slapped, smelly
[11:12] {magoo} insolted too
[11:12] {Threei}  yup
[11:12] {Threei}  that trout obviously was not of first degree of freshness either
[11:13] {Threei}  and as famous book says,
[11:13] {Threei}  there is no such thing as second degree of freshness. Freshness has just one deggree - first, same as last
[11:15] {nemo} look at slab now, almost back to trigger
[11:15] {Threei}  42% Say Government Would Have Done Worse Job Than BP Responding To Oil Leak
[11:15] {Threei}  just 23% think the government would have done a better job if it had been running the oil giant responsible for both the leak and the subsequent efforts to cap it. Twenty-nine percent (29%) say the response would have been about the same.
[11:16] {Threei}  no slightest doubt in my mind that response would have been much much worse
[11:18] {i2romantis} short on LVS 26.15 ended up a good call
[11:19] {Threei}  yup
[11:19] {strider} BP bounce?
[11:20] {i2romantis} SLAB moved up , indeed the short from 42, if anyone took it, would have been sweet
[11:20] {nemo} just missed sell at .89
[11:21] {nemo} broke right to .84
[11:21] {nemo} hs!
[11:21] {strider} ?
[11:21] {nemo} see that drop!
[11:21] {i2romantis} nice and fast too
[11:22] {Threei}  not yet BP
[11:22] {strider} 200MA .46 BP
[11:22] {i2romantis} LVS  short .99 if drops below 26
[11:22] {i2romantis} for me
[11:22] {strider} sorry, .52
[11:23] {i2romantis} waiting for LVS at .8
[11:24] {nemo} wow, rimm strong today
[11:25] {magoo} i really suk on RIMM FCX anymore
[11:25] {jfjf64} in bp .53
[11:27] {i2romantis} stopped on LVS
[11:29] {magoo} l lvs here
[11:29] {jfjf64} i think
[11:29] {magoo} im in
[11:30] {jfjf64} ditto
[11:30] {jfjf64} half here
[11:30] {jfjf64} stop .15
[11:31] {magoo} .35 pre mkt high
[11:31] {jfjf64} lets  go  maggy
[11:31] {magoo} im waiting .34
[11:32] {jfjf64} 1/4  out
[11:32] {jfjf64} stop  .20
[11:32] {strider} MOS
[11:33] {jfjf64} .34  here  we  come
[11:33] {magoo} out .25
[11:33] {magoo} may reenter, ty vad
[11:33] {jfjf64} out
[11:33] {jfjf64} that  was  fun
[11:34] {magoo} good job
[11:34] {jfjf64} ty
[11:36] {jfjf64} lk nice pullbk
[11:36] {Threei}  nice trading guys
[11:36] {jfjf64} pullbk
[11:36] {jfjf64} sound  lk 3i
[11:36] {jfjf64} lol
[11:36] {i2romantis} lol
[11:37] {i2romantis} SLAB is up
[11:37] {i2romantis} LVS probably will hit .4
[11:37] {jfjf64} last 2 months relize stocks  dont  just  go  up
[11:37] {shorty} two good trades for me today Threei.  I just don't feel like giving it back, I might call it a day.
[11:38] {jfjf64} pullbk
[11:38] {jfjf64} nice
[11:38] {jfjf64} nice
[11:39] {jfjf64} now  if  i  just  learn where to  enter  i  be ok
[11:39] {jfjf64} lol
[11:40] {i2romantis} LVS is good for a swing trade today, covering tomorrow, I feel. 26.3 today, 25.8 tom, that's my forecast :)
[11:41] {i2romantis} and not that I'm applying thinking, that's just what I see :)
[11:41] {Threei}  yes but how much thinking have you put in it?
[11:41] {Threei}  hehe
[11:41] {jfjf64} lolo
[11:41] {i2romantis} lol :)
[11:41] {i2romantis} I knew that was coming :)
[11:41] {i2romantis} I gotta go, good trading today guys, see you tomorrow.
[11:41] {Threei}  see... with not hinking, I am sooo predictable...
[11:42] {i2romantis} yep :)
[11:42] {Threei}  take care i2r, good jib
[11:42] {i2romantis} thx
[11:42] {Threei}  it's to be expected... natural reactions are precictable
[11:42] {shorty} cya i2
[11:43] {Threei}  hit the bear, he will hit you back... hit the human - he will call the police
[11:43] {Threei}  nature intended "hit back" response, not "use your cell phone"
[11:44] {Threei}  at the same time, it makes my wife's life easier since she is able to predict all my reactions
[11:44] {Threei}  bring him breakfast - he eats it... simple as that
[11:45] {jfjf64} lol
[11:46] {magoo} .34 was my target
[11:46] {jfjf64} time to  water  plants   talk in little
[11:46] {magoo} premkt high
[11:46] {nemo} tight range today
[11:47] {jfjf64} i see
[11:47] {jfjf64} we  sd  left  piece
[11:47] {jfjf64} ya called  it
[11:48] {jfjf64} 3i   when  ya  going  away
[11:49] {magoo} probably best roman left, can easily see .90 area today
[11:49] {jfjf64} think
[11:49] {strider} spy looks downish.
[11:50] {Threei}  Aug 9 jf
[11:50] {Threei}  mags, he is not roman
[11:51] {jfjf64} k  ty
[11:51] {jfjf64} might tk  vacation  that  week
[11:51] {magoo} oh really vad?
[11:52] {jfjf64} wher dino been
[11:56] {magoo} he left for n carolina last nite, returns 9th
[11:56] {nemo} fcx boys/girls
[11:56] {nemo} two way...too late
[11:57] {magoo} id have to let u call it nemo, i suk fcx
[11:58] {nemo} lunchtime too
[11:59] {nemo} beautiful double bottom, but I would think we're headed into whipsaw time
[12:03] {nemo} whipsaw
[12:04] {magoo} brb
[12:05] {Les} vad RMBS read here?
[12:06] {Threei}  rather bounce
[12:06] {Threei}  but ethusiasm is lukewarm
[12:07] {Les} .65 break with .60 stop?
[12:08] {Les} nah. will let it slide here. watching it though
[12:11] {ese} am outta here all.....10:00am tee time....catch you tomorrow
[12:11] {Threei}  take care ese
[12:11] {ese} cya vad
[12:12] {shorty} cya ese
[12:13] {shorty} Hmmm...Just read about it today.  http://www.cbc.ca/canada/calgary/story/2010/07/28/michigan-enbridge-oil-spill-100728.html
[12:18] {magoo} someone trying to hold .50 as in big seller LVS
[12:21] {Threei}  RMBS lukewarmly bopunced
[12:21] {Threei}  BP CNBC: Focus of SEC investigation surrounds trading done between April 20 and late June during clean up and top kill efforts (37.70, -0.30, -0.79%)
[12:21] {Threei}  Note: Yesterday it was disclosed that SEC and DOJ undertaking informal probe of securities matters related to the BP oil spill
[12:21] {magoo} what the??
[12:22] {magoo} we all traed it
[12:25] {Les} http://miburl.com/COGFBV
[12:25] {strider} RMBS didn't like that bounce.
[12:25] {Les} blast from the past
[12:25] {swil} .
[12:25] {Les} no it didn't
[12:27] {shorty} New high for LVS
[12:28] {swil} see ya ese
[12:28] {shorty} I wonder if they are going after the Gypsy Kings too Les?
[12:28] {magoo} lvs its the only game in town
[12:29] {Threei}  established thatslow creep up pattern
[12:29] {magoo} my target .90 area, imo...but its a toughie
[12:29] {Les} dunno shorty, you looking for a smackin if you keep going like that....
[12:29] {magoo} vad RIG short if IF mkts dive
[12:30] {Threei}  no idea
[12:32] {strider} short RMBS .62
[12:33] {strider} stop .65
[12:35] {shorty} You gypsies are all alike Les....
[12:35] {Les} {---------------- smacks shorty over the head with a guitar
[12:36] {strider} acoustic or electric (solid or hollow body)?
[12:36] {nemo} jeezus,,,don't hit him with the Martin
[12:36] {shorty} lol
[12:36] {strider} this m atters,  you know.
[12:36] {shorty} Not the Martin, I agree with nemo
[12:37] {nemo} hit him with a dobro
[12:37] {Les} got a lot of em down on the lake passing through Switzerland.
[12:37] {shorty} :s
[12:37] {shorty} He probably can't lift a dobro nemo
[12:38] {strider} esp. a National.
[12:39] {shorty} I hope i2 doesn't get burned with his swing trade overnight.
[12:39] {shorty} with LVS that is
[12:46] {strider} stop RMBS -,04
[12:50] {nemo} slb consolidating near highs
[12:50] {nemo} might be a jbe at some point
[12:51] {strider} Fie on thee, dastardly RMBS
[12:53] {Les} vad x read?
[12:56] {nemo} bidu consolidating under resistance Vad, whaddya' think
[12:56] {nemo} ?
[12:59] {nemo} jeez...he's treating me like he treats Les
[12:59] {nemo} frickin' rimm
[13:00] {Threei}  I've no idea guys
[13:01] {Threei}  action is too slow
[13:01] {strider} frickin' rmbs
[13:01] {Threei}  LVS slow creep up was about the only thing to hand the hat on
[13:01] {strider} buy LVS on pb?
[13:02] {Threei}  seems to be close to done now
[13:02] {Threei}  *(US) TREASURY'S $37B 5-YEAR NOTE AUCTION DRAWS 1.796%; BID-TO-COVER RATIO: 3.06 V 2.58 PRIOR AND 2.66 AVG OVER THE LAST 10 AUCTIONS
[13:02] {Threei}  - indirect bidders take 47.28% of competitive bids with 26.55% allotted at the high.
[13:03] {strider} in .81
[13:03] {strider} small
[13:03] {strider} stop below .70
[13:05] {nemo} slb break 60.00?
[13:08] {strider} stopped
[13:09] {strider} talk about a rinse.
[13:11] {Les} hmm. I liked LVS as a short
[13:12] {Les} l rmbs .70 stop below lod small
[13:13] {magoo} im gonna take off, good day vad, got few things to do
[13:14] {hawk} cya mags
[13:29] {Les} stopped rmbs .63 q's crapping it
[13:34] {nemo} watching for bullflag on RIMM
[13:39] {Les} gotta run. c u's tomorrow
[13:39] {Les} {----------- slaps nemo around with a bottle of hillbilly moonshine
[13:40] {shorty} Cya Les....me leaving too, bya all
[13:41] {Threei}  take care les, shorty
[13:41] {nemo} awwwww....les left....sniff
[13:41] {magoo} IM back
[13:42] {nemo} Les shoulda' closed the door on his way out
[13:53] {nemo} scheisse think I missed the bottom on tna
[13:57] {nemo} rig riding the 200 on the 5 miute but looking like it might go long
[13:57] {hawk} beige book in few mins
[13:57] {nemo} anybody got a coin
[13:57] {nemo} o.k. looks like IH&S on TNA
[13:59] {strider} Beige book report  :)
[14:00] {nemo} why not the Pink Book?
[14:00] {nemo} not good
[14:01] {Threei}  *(US) FED'S BEIGE BOOK: ECONOMY IMPROVED SINCE LAST SURVEY; CLEVELAND AND KANSAS HELD STEADY (related TLT SPY SHY EUR/USD XHB RTH XLF INFLX )
[14:01] {Threei}  Districts reporting improvements in economic activity, a number of them noted that the increases were modest, and two Districts, Atlanta and Chicago, said that the pace of economic activity had slowed recently.
[14:02] {Threei}  Manufacturing activity continued to expand in most Districts
[14:03] {Threei}  - Nearly all Districts reported sluggish housing markets in the months since the homebuyer tax credit expired on April 30.
[14:03] {Threei}  Commercial and industrial real estate markets continued to struggle in all twelve Districts
[14:03] {Threei}  - Labor market conditions improved gradually in several Districts.
[14:03] {Threei}  - Wage pressures remained largely contained across most Districts.
[14:08] {jfjf64} boy  i  leave 4 couple of  min   miss all fireworks    DAMN
06[14:08] * Threei slaps jfjf64 around a bit with a large boc of fireworks and petards
[14:09] {jfjf64} hmm  look lvs  
[14:09] {jfjf64} lol
[14:10] {nemo} yes...jf it reached R3 in pivot calculations, the vast majority of stocks that reach that in the same trading period do not materially advance beyond that level
[14:11] {nemo} frickin' rig
[14:11] {jfjf64} wow  nemo   thought  ya  were  king  of  1  liners    nicely  said
[14:11] {nemo} I've actually ghost written a couple of philosophy books
[14:12] {jfjf64} gets  to  .91  im  a  takerr tight  stop
[14:12] {strider} oh, great, Buffy the Vampire philosopher.
[14:12] {jfjf64} easy  srider
[14:12] {nemo} Out comes my rhetorical saber
[14:13] {jfjf64} nemo  very  close  with 3i
[14:13] {strider} Actually, Buffy was really cute.   No resemblence to nemo.
[14:13] {jfjf64} ya  get hit  with  a teciknal foul
[14:14] {nemo} no problem jf, hand to hand, small arms, long distance, I'm good
[14:23] {Threei} Short Setup: X  .30 break half lot
[14:24] {strider} stop?
[14:24] {Threei}  .40 is resistance so far
[14:25] {Threei}  if goes above it will recalibrate
[14:26] {Threei}  let;s make it .35 break
[14:26] {Threei}  if stays belove .45
[14:32] {Threei}  if this resistance is hodling, and market reverses, FCX should drop like a stone
[14:33] {nemo} try to short around .95
[14:33] {nemo} ?
[14:33] {Threei}  grr
[14:33] {Threei}  was talking about X
[14:33] {Threei}  sorry
[14:34] {Threei}  too many stocks and conversations at once
[14:37] {Threei}  die X
[14:38] {Threei}  good boy
[14:38] {Threei}  die properer please
[14:38] {jfjf64} ya  drivin  the  boat  lets  go
[14:39] {jfjf64} dieeeeeeeeeeeeeeeeeeeee
[14:39] {Threei}  that's properer, but not the properest yet
[14:42] {Threei}  who would have thought that such beast as X could have troubles moving 10 cents, lol
[14:42] {jfjf64} keep  talkin
[14:42] {jfjf64} she  likes it
[14:43] {nemo} die b....
[14:43] {nemo} nevermind
[14:43] {jfjf64} i
[14:43] {jfjf64} t
[14:43] {Threei}  prperiness increases
[14:43] {nemo} janitor will get p. o.d
[14:43] {Threei}  OK, proper enough for the first partial
[14:43] {Threei}  half ot .34
[14:43] {Threei}  .24
[14:44] {strider} me too
[14:44] {Threei}  yesss
[14:44] {Threei}  1:2
[14:44] {strider} last hlaf at .14
06[14:44] * Threei pats himself on the back
[14:44] {hawk} fwiw FCX dropped like a stone too Vad
06[14:44] * Threei dislocates right shoulder
[14:44] {jfjf64} im in  fcx
[14:44] {jfjf64} what
[14:44] {Threei}  yeah, as it should
[14:45] {strider} need some rumatiz medicine for that sprain.
[14:45] {Threei}  I just didn't want to get tied in two of them
[14:45] {Threei}  but who played FCX ogg X comments, sure got nice one on hands
[14:45] {Threei}  ogg = off
[14:46] {Threei}  I need new keyboard...
[14:46] {Threei}  new fingers...
[14:46] {Threei}  new shoulder...
[14:47] {Threei}  for some reason, markings on my keyboards disappear in record time
[14:47] {Threei}  must be all that typing with claws
[14:47] {strider} trev, dcc please.
[14:47] {Threei}  elbows and knees
[14:48] {Threei}  if anyone knows of keyboards with letters that are impossible to destroy, I'll accpet it as a present
[14:48] {strider} lost connection to laser.  can't get back.
06[14:49] * Threei slaps lasertrev around a bit with a large stroder's modem
[14:49] {magoo} reboot
[14:50] {nemo} use ctrl alt delete see if there's an instance of Laser running, think it is trader.exe
[14:50] {nemo} kill it
[14:50] {nemo} bring up task manager
[14:50] {strider} I'm rebooting..
[14:53] {nemo} wow .70 range on the spy
[14:54] {strider} I'm back, fwiw.
[14:54] {strider} in laser.
[14:54] {nemo} wooden nickel?
[14:54] {strider} lost on my last piece of X.
[14:55] {nemo} was it a nice piece of X
[14:55] {strider} Vad.  make him stop that.
[14:55] {Threei}  nemo??
[14:55] {Threei}  I'll pass
[14:55] {Threei}  that's beyond himan capabilities
[14:55] {Threei}  human
[14:56] {strider} hahahaha
[14:56] {Threei}  larisa, maybe - she is a dolphin
[14:56] {Threei}  they eat fish
[14:58] {Threei}  but here is consolation, albeit weak, for you and Les:
[14:58] {Threei}  I decided that in my next reincarnation I am going to be an orca
[14:58] {Threei}  that's when I take revenge on nemo for ya'll
[14:59] {nemo} My next reincarnation, I'm going to be a whaler
[14:59] {Threei}  crap
[15:00] {hawk} lol
[15:00] {nemo} I took the plan where you pick your next three lives
[15:00] {nemo} Ya' have to pay extra
[15:00] {jfjf64} orca
[15:01] {nemo} and jeez, if you decide you want to stay longer in any incarnation, the per day charge is ridiculous
[15:02] {strider} That disconect fiasco was the result of one of my cats leaping onto the keyboard.  Also managed to buy another 100 sh. of X after I exited.
[15:02] {jfjf64} comon this  1st  day  in  while  im  negative
[15:02] {jfjf64} little  help
[15:02] {jfjf64} lol
[15:02] {jfjf64} orca
[15:02] {strider} I didn't know Miss Weed was interested in the market.
[15:03] {nemo} interesting name for a cat
[15:03] {strider} Cost me a dollar, though.
[15:03] {nemo} is the male named Mr. Toker
[15:03] {Threei}  hmm
[15:03] {strider} She was born in the weeds on a creekbank at my old shop building.
[15:03] {Threei}  FCX
[15:03] {strider} to a feral mother.
[15:03] {nemo} ahhh
[15:04] {Threei}  jg, watch it for bounce to short
[15:04] {Threei}  argh
[15:04] {Threei}  missed
[15:04] {Threei}  thought of .40 trigger, was late
[15:04] {Threei}  now it won't bounce
[15:04] {jfjf64} hmm
[15:04] {nemo} at .16
[15:04] {jfjf64} x short
[15:04] {jfjf64} .10
[15:06] {nemo} maybe try to get it closer to .20 jf
[15:06] {jfjf64} hm  i see
[15:07] {nemo} smaller risk
[15:07] {nemo} not as dumb as I look
[15:07] {nemo} I know...
[15:07] {nemo} nobody could be THAT dumb
[15:07] {strider} talking to yourself again, nemo.
[15:07] {nemo} when have I stopped
[15:07] {nemo} ?
[15:08] {Threei}  don't discourage him... better than talking to us, right?
[15:08] {strider} Absolute            ly
[15:08] {strider} potato water.
[15:08] {nemo} I prefer Grey Goosey
[15:09] {nemo} oy
[15:09] {strider} but very GOOD potato water.
[15:09] {strider} :)
[15:09] {nemo} see that jf, touche the trend line
[15:09] {nemo} could partial here, decrease risk
[15:09] {strider} X short, vad?
[15:09] {jfjf64} die
[15:10] {Threei}  most likely...
[15:10] {nemo} I shorted .16
[15:10] {Threei}  .10 break, .20 resistance
[15:10] {strider} shooot
[15:10] {Threei}  nemo's right about aggressive entry beunf the best
[15:10] {nemo} well, nothing is going up today
[15:10] {jfjf64} nice  ty
[15:10] {Threei}  beunf...
[15:10] {Threei}  sigh
[15:10] {strider} ha
[15:10] {jfjf64} .14  was in
[15:11] {nemo} stop to .16 for me
[15:11] {nemo} well, just above
[15:14] {jfjf64} 3i  lvs  short  .57
[15:14] {nemo} cut that out X!
[15:14] {Threei}  not sure jf
[15:14] {jfjf64} looks  lk  bounce  up
[15:15] {nemo} I think we have gap up in the morning
[15:16] {jfjf64} in
[15:16] {nemo} outa x
[15:17] {jfjf64} die
[15:20] {jfjf64} die
[15:21] {strider} jf, you're so negative.
[15:21] {nemo} wonder if shorts cover, we might get dino's 3:40 run
[15:22] {jfjf64} die   b
[15:22] {nemo} ?
[15:22] {jfjf64} i
[15:22] {jfjf64} t
[15:22] {nemo} got it
[15:22] {jfjf64} fill that  gappppppppppppppppp
[15:23] {strider} I think it's taking the Magellan approach.
[15:23] {jfjf64} lol
[15:23] {jfjf64} ya allright  strider
[15:23] {nemo} this might be it
[15:24] {strider} TEOTWAWKI?
[15:24] {nemo} WAPITI to you too
[15:26] {nemo} rimm very strong today
[15:26] {jfjf64} y
[15:26] {jfjf64} someone  accumilating
[15:29] {nemo} RIG might actually be a long on break of .50
[15:30] {nemo} in .51
[15:30] {strider} a lot of folks thought that.
[15:31] {strider} good for you.  moved fast.
[15:31] {nemo} stop is .44
[15:31] {nemo} 1/2 out .59
[15:31] {nemo} don't trust longs ;)
[15:31] {strider} Mae West?
[15:31] {nemo} don't know
[15:32] {nemo} short covering me thinks
[15:32] {nemo} in spy
[15:32] {nemo} stop now .49
[15:34] {nemo} 1/4 more .71
[15:34] {strider} great trade nemo
[15:34] {nemo} I was betting on short covering...not enough conviction with the bears yet
[15:35] {nemo} I missed tna entrance though
[15:35] {strider} yeah, you're right .  You're not that good.
[15:35] {nemo} stop is .57
[15:35] {nemo} I wussed, I wanted .81 but didn't have conviction on the covering rally
[15:37] {nemo} I think I'll take my ball and bat right here
[15:37] {nemo} Too many chicken feathers left
[15:37] {nemo} next should be the serving of scalpers regret
[15:38] {strider} a lot of that going around.
[15:38] {nemo} Got me some vaseline
[15:38] {strider} cold sore?
[15:38] {nemo} sore...yes
[15:38] {nemo} market pain
[15:39] {nemo} glad I got out
[15:41] {nemo} sonafa
[15:42] {jfjf64} x  short  3i
[15:43] {jfjf64} .20 break
[15:43] {strider} ten cent candles
[15:43] {Threei}  50/50 jf
[15:43] {Threei}  (US) US House panel has reportedly passed legislation to legalize some internet gambling (related GIGM OPMR CRYP PRTY.UK SBT.UK 888.UK )
[15:43] {jfjf64} no  lk 50/50
[15:45] {Threei}  AKRX Reportedly gets FDA approval for generic carboplatin infusion drug
[15:45] {Threei}  - Note: there are several other generic makers already (3.53, -0.04, -1.12%)
[15:52] {Threei}  OK guys, no slightest desire to push fir anything here, can't tell drop or bounce or neither
[15:52] {Threei}  thank you all
[15:52] {Threei}  have a good evening, see you tomorrow
[15:53] {strider} thank you vad.