Friday, July 16, 2010

July 16 2010

FCX breakdown was a clean illustration of couple concepts. One is a DBI setup - you can see this consolidation just above support with breakdown triggering short entry. Another is entry after strong player fills his big position and withdraws, letting stock go. In this case it was a big buyer at .82, absorbing all the selling for a while. As soon as he got out of the way the dam was broken. Chart illustrates the rest (click for larger view):


Other than that, nice day with a few good trades, notably AAPL long for a $1.30 run

Session Time: Fri Jul 16 00:00:00 2010

[08:11] {Threei} (US) Preview: Jun Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 08:30 ET (12:30 GMT)
[08:34] {Threei} *(US) JUN CONSUMER PRICE INDEX M/M: -0.1% V -0.1%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E; CPI NSA: 217.965V 218.298E
[08:34] {Threei} - CPI Y/Y: 1.1% v 1.2%e
[08:34] {Threei} - CPI core Y/Y: 0.9% v 0.9%e
[08:34] {Threei} - CPI core index SA 221.388 v 221.037 prior
[08:35] {magoo} morning
[08:35] {Threei} magoo :)
[08:35] {magoo} hi vad
[08:37] {Threei} BP Exec: Pressure in the well is continuing to rise as test moves forward; no evidence of well damage seen (38.92, 0.00, 0.00%)
[08:37] {Threei} To begin seizmic testing on seafloor shortly
[08:38] {magoo} did mkts close green yesterday, for life o me i cant remember
[08:38] {Threei} SPY did
[08:39] {Threei} DJI slightly in red
[08:39] {Threei} NDX slightly green
[08:40] {magoo} ah, saw broke winning streak
[08:40] {magoo} thats a good pullbk tho, so upward we go :)
[09:00] {Threei} *(US) MAY NET LONG-TERM TIC FLOWS: $35.4B V $40.0BE; TOTAL NET TIC FLOWS: $ V $15.0B PRIOR
[09:00] {hawk} viva las VVUS
[09:00] {Threei} heh
[09:00] {Threei} VVUS - if the cut is at the neck level, can it still be called a haircut?
[09:00] {hawk} lol :)
[09:07] {strider} morning folken
[09:07] {Threei} strider :)
[09:07] {strider} vad:)
[09:11] {shorty} morning
[09:11] {Threei} shorty :)
[09:14] {i2romantis} morning all :)
[09:14] {Threei} i2r :)
[09:20] {strider} BP .30 short?
[09:21] {Threei} let's not jump in premarket
[09:22] {strider} {------duct tapes hands to desk chair
[09:22] {Threei} now try to sit on them too
[09:24] {jfjf64} mornin
[09:24] {Threei} jf :)
[09:28] {Threei} poor VVUS
[09:28] {Threei} this is not a haircut at the neck level - rather at the waist level
[09:29] {hawk} with a chain saw
[09:29] {Threei} {VVUS} oh shut up, you... you don't even have a waist
[09:29] {larisa} gm
[09:29] {Threei} larisa :)
[09:31] {Threei} BP sharp drop
[09:33] {Threei} getting interesting
[09:33] {magoo} look RIG too vad
[09:33] {Threei} one more leg down, and bottom hunt is in order
[09:34] {Threei} from under .90 should be it
[09:34] {Threei} .90 break, half lot
[09:34] {Threei} stop under .80
[09:34] {lasertrev} morning
[09:35] {Threei} trev :)
[09:35] {Threei} 1:1, half out
[09:35] {Threei} scalpers are out in full
[09:35] {strider} out in full +.10
[09:36] {Threei} VVUS
[09:36] {Threei} geting interested in possible double bottom
[09:37] {gregns} ty .94 to .06 + .12 BP
[09:37] {Threei} 5 break if holding 4.90
[09:37] {Threei} greg )
[09:38] {strider} missed
[09:38] {Threei} 1:1 who caught it
[09:40] {magoo} mkissed
[09:40] {gregns} .03 to .10 VVUS only got 100 shs btn
[09:41] {Threei} hey, profit is profit but don't spend it all at once, lest you cause inflation singlehandedly
[09:41] {Threei} let the Fed to take care of that {G}
[09:43] {strider} GE taking a hit.
[09:43] {Threei} (US) Preview: July Preliminary University of Michigan Confidence due out at 09:55ET
[09:46] {Threei} Long Setup: FCX .15 if holding above 67, half lot
[09:47] {Threei} invalidated but may form another one: 62 break ig no new lows
[09:47] {Threei} ig = if
[09:48] {Threei} whatever, doesn't shape up anyway
[09:48] {Threei} watching GLD,
[09:48] {Threei} idea is to let it go over .50 and look for short setup
[09:48] {Threei} confidence numbers are in 7 min...
[09:49] {Threei} ugh, FCX did bounce
[09:49] {Threei} without clean setup though
[09:51] {magoo} such a nasty trader fcx
[09:51] {Threei} as most of volatile ones... sometimes readable, sometimes not so much...
[09:51] {Threei} oh, and sometimes it rains
[09:52] {strider} fls halted
[09:54] {Threei} GLD dropped off that .50
[09:54] {Threei} didn't give us any kind of consolidation above it
[09:55] {Threei} stop would have to be a purely arbitrary, and I hate that
[09:55] {Threei} *(US) JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 66.5 V 74.0E
[09:55] {Threei} - 1 yr median inflation expectations at 2.9% v 2.8% June final.
[09:55] {Threei} - 5 yr median inflation expectations at 2.9% v 2.9% June final.
[09:56] {Threei} Long Setup: LVS 24 break
[09:57] {Threei} invalidated
[09:57] {Threei} watching for another setup
[09:57] {Threei} from under .80 most likely
[09:58] {Threei} FCX again,
[09:59] {Threei} 62 break
[09:59] {Threei} half lot
[09:59] {Threei} if holding above .85
[10:00] {jfjf64} look x
[10:00] {strider} stop FCX
[10:00] {jfjf64} .95 ton shares
[10:00] {strider} long VVUS .16
[10:00] {strider} out .28
[10:03] {Threei} Short Setup: FCX .80 half lot
[10:05] {Threei} this .82 buyer is holding it, if he gives up, should drop like stone
[10:06] {Threei} cover half here
[10:07] {Threei} scalpers kjnow what to do
[10:07] {strider} out +.17
[10:07] {magoo} dow red 180
[10:07] {Threei} stop to b/e for the balance
[10:07] {jfjf64} nice read ty
[10:08] {Threei} welcome
[10:08] {gregns} ty
[10:08] {Threei} :)
[10:08] {rdw09} Ty Vad FCX + .16
[10:08] {Threei} :)welcome
[10:08] {Threei} lose .50 and die, FCX
[10:09] {Threei} please?
[10:09] {strider} get the hatchet.
[10:09] {Threei} nah, kind word is so ineffective...
06[10:09] * Threei hits FCX over the head with 2x4
[10:10] {strider} no dino, no nemo
[10:10] {Threei} no les
[10:10] {strider} well, there's that too.
[10:10] {Threei} guess who is on tv
[10:11] {strider} Les
[10:11] {Threei} ok, never thought I'd say that but:
[10:11] {Threei} you wish
[10:11] {strider} no comment.
[10:11] {Threei} lol, Les will kill us next week
[10:11] {Threei} and will be right to do so
[10:12] {Threei} violence doesn't seem to work on FCX either
[10:12] {Threei} let's try combination
06[10:12] * Threei hits FCX over the head with 2x4 asking it to please die
[10:14] {strider} Vad, dod you know what % of your profits are from 1:1, and what % from 2 or 3:1?
[10:14] {strider} do
[10:14] {Threei} it changes with market type
[10:14] {Threei} different for trending markets vs ranging ones vs choppy ones
[10:14] {magoo} 100% are 1:1
[10:15] {Threei} when we have a strong trend, much more comes from maximizinf profits,
[10:15] {magoo} has to get there first lol
[10:15] {Threei} when we chop, most comes from scalps
[10:20] {gregns} Vad, when you have a chance can you explain that FCX bd setup please
[10:21] {Threei} sure thing
[10:21] {Threei} I'll even make a screenshot
[10:21] {gregns} ty for your cooperation !
[10:22] {jfjf64} see ya cd be nice when ya want tooo
[10:22] {Threei} funny you should say that... exact words my wife used yesterday when I nodded to new shoes
[10:22] {Threei} I can jf... but it takes a lot of effort and gives me no pleasure {G}
[10:23] {strider} LVS long?
[10:23] {Threei} only wioth striong market reversal...
[10:23] {Threei} I am looking at it for a while,
[10:23] {Threei} wanted drop under .80 for double bottom,
[10:23] {jfjf64} or fcx trade
[10:23] {jfjf64} lol
[10:24] {Threei} it never got there, instead consolidatinjg between .80 and .90
[10:24] {Threei} come on FCX
[10:24] {jfjf64} 3i look schw lk .30 break
[10:24] {magoo} u watching BP vad?
[10:24] {Threei} not really
[10:24] {jfjf64} ty
[10:25] {Threei} it's a setup for a string upward tgrending market
[10:25] {Threei} not for this swamp
[10:25] {Threei} and no to BP mags
[10:25] {Threei} don't see anything clear there for now
[10:26] {Threei} there! kind word and gun are way more effective than kind word alone
[10:27] {Threei} as greg would say, thank you for your cooperation FCX
[10:27] {Threei} 1:2
[10:27] {Threei} decide between covering in gull and trailing to above .60
[10:28] {Threei} I've covered
[10:28] {Threei} .43
[10:28] {Threei} maybe going to regret it but heck, it was beyind my normal patience treshold as it is
[10:29] {Threei} who trails - do so once again, to above .50 this time
[10:31] {Threei} that was last trail, get ready tro cover into next sharp drop
[10:31] {Threei} or just take 50 cents and be happy
[10:32] {Threei} there, final cover
[10:32] {Threei} 1:3
[10:32] {Threei} whee, not watching it anymore
[10:32] {Threei} I am tired of it :)
06[10:33] * strider slaps Threei around a bit with a large bottle of Geritol.
[10:33] {Threei} where is nemo... I like his drug of choice more
[10:34] {strider} Apparently he took it all himself.
[10:34] {jfjf64} lol
[10:34] {strider} BP?
[10:35] {Threei} hmmm
[10:35] {Threei} .50 break is kind of standard fare
[10:35] {Threei} but something is off
[10:35] {Threei} can't quite put my finger on it but I don't like this break
[10:36] {Threei} how about that? trap, pure and simple
[10:37] {Threei} would have lured you in and killed you
[10:37] {jfjf64} what wasnt ther for ya ta lk
[10:38] {jfjf64} thats what i need to learn
[10:38] {Threei} [10:35] {Threei} can't quite put my finger on it
[10:38] {gregns} got .51 to .54 out due to you saying something is off, ty
[10:38] {jfjf64} lol
[10:38] {Threei} :)
[10:38] {Threei} seriously
[10:38] {Threei} I don't have clear answer
[10:38] {Threei} sometimes it's just intuition
[10:39] {Threei} 14 years of trading do mean something I guess
[10:39] {magoo} subconcious pattern recognition vad
[10:40] {jfjf64} think so
[10:40] {jfjf64} 13 more yerrs to go
[10:40] {magoo} 3 here
[10:40] {magoo} to go
[10:40] {shorty} same here jf
[10:44] {jfjf64} magoo 10 years
[10:44] {magoo} yea
[10:45] {jfjf64} nice
[10:45] {magoo} thats why alot of my trades are "feel" also
[10:45] {jfjf64} guess been good
[10:46] {jfjf64} year in things starting to mk little sence
[10:46] {jfjf64} lol
[10:46] {strider} QLIK opens at 11. IPO
[10:48] {Threei} I like the symbol... sounds like my spelling on "click"
[10:48] {Threei} Qlik Technologies Inc Prices IPO of 11.2M shares at $10/shr, above expected $8.50-9.50/shr range
[10:48] {Threei} - Underwriters have a 30-day option to purchase up to an additional 1,680,000 shares from QlikTech to cover over-allotments, if any.
[10:48] {Threei} - Joint book runners are Morgan Stanley, Citigroup, and JP Morgan.
[10:48] {Threei} - Qlik Technologies makes business software which analyzes costs and organizes data.
[10:48] {Threei} - NASDAQ quotation to begin at 10:45 for trading at 11ET
[10:52] {gregns} BP .52 in out .68
[10:52] {strider} wtg greg
[10:53] {gregns} ty
[10:53] {magoo} whats BP do again?
[10:54] {magoo} no one slaps anyone anymore ...sigh
06[10:54] * Threei slaps magoo around a bit with a large slap
[10:54] {magoo} THANX
[10:54] {Threei} always
[10:54] {magoo} was wondering what i got to say to get it
[10:55] {magoo} BP comment was funny i thought
[10:56] {Threei} you want funny? how about this:
[10:56] {Threei} 23% Say U.S. Government Has the Consent of the Governed
[10:57] {magoo} so 77% say no
[10:58] {Threei} oh, and another funny... as unlikely as it is, I got lost yesterday, of all places in... Walmart!
[10:58] {Threei} before you think I am getting senile (which may be true also),
[10:58] {Threei} this is brand new Walmart, opened two days ago - biggest in NA
[10:58] {Threei} frikin 4 stores
[10:58] {Threei} the thing is enormous
[10:59] {Threei} with huge food section, 2-store garden center
[11:00] {magoo} vad pull up QLIK, im trying to short 8997
[11:00] {Threei} good luck...
[11:00] {strider} ??
[11:00] {Threei} but it's unavailable
[11:01] {Threei} as most IPOs on a first day :)
[11:01] {strider} opening 11:05
[11:01] {strider} what does 8997 mean?
[11:01] {magoo} bid 16.50..0ffer $9000
[11:02] {strider} not here. bid 11 offer 11.25
[11:02] {magoo} in lev 1
[11:02] {Threei} I see bid 11
[11:02] {magoo} time and sales sptread
[11:02] {magoo} lebvel 1
[11:04] {shorty} be back in an hour or so
[11:05] {Threei} opened
[11:07] {strider} +.14 QLIK
[11:07] {strider} .01- .15
[11:07] {strider} now...stop looking at it.
[11:19] {Threei} greg and whoever is curious about that FCX setup
[11:19] {Threei} http://tradinglog.realitytrader.com/2010/07/july-16-2010.html
[11:20] {gregns} ty
[11:35] {KSystems} Good morning :)
[11:35] {Threei} ks!
[11:36] {KSystems} project that has taken me the last weeks is over
[11:36] {KSystems} time to get drunk
[11:36] {KSystems} big time
[11:38] {Threei} OK, seer you in a week, I suppose {G}
[11:38] {jfjf64} lol
[11:38] {strider} You may meet dino & nemo there, KS.
[11:39] {jfjf64} im outta here thanks 3i
[11:39] {Threei} take care jf, havea great weekend
[11:39] {shorty} bye jf
[11:39] {magoo} bye KS JF
[11:40] {strider} gotta a joke for you guys:
[11:40] {strider} There were these two women, sitting quietly, minding their own business.
[11:41] {strider} what do you think?
[11:43] {Threei} strifer... there are at least three persons in the room right now, ready to strangle you,
[11:43] {Threei} more to come,
[11:43] {strider} That's why remote trading is an advantage.
[11:43] {Threei} and I won't lift a finger to protect you - will rather enjoy the spectacle :)
[11:44] {Threei} sorry, 4
[11:44] {larisa} count me out, i do not even get it, too sophisticated for me :)
[11:45] {strider} :)
[11:45] {Threei} back to 3
[11:45] {strider} You're right, larisa...pretty low culture joke.
[11:45] {strider} It's like the one that goes:
[11:46] {larisa} why? I thought all women are like that
[11:46] {strider} There were these two irishmen, walking out of a bar.
[11:46] {strider} .
[11:46] {magoo} well that never happens
[11:47] {strider} duh!
[11:48] {strider} short FCX?
[11:55] {magoo} i did .01 cover ,84
[11:57] {strider} I went to the kitchen, instead. All I got was this salami sandwich.
[11:57] {magoo} vad, BOUNCE RIMM?
[11:57] {Threei} no RIMM
[12:04] {strider} I had good short ideas for both FCX and RIMM, and did't take either one. SOmebody slap some cents into me.
06[12:05] * magoo slaps strider around a bit with a large trout
06[12:05] * magoo slaps strider around a bit with a large trout
06[12:05] * magoo slaps strider around a bit with a large trout
[12:05] {strider} mmmm....hope that helps.
[12:14] {Threei} RIMM looks better nopw
[12:14] {magoo} nope?now?
[12:17] {Threei} Long Setup: RIMM .50 break if stays above .40
[12:20] {strider} in .51
[12:25] {Threei} 1:1, half out
[12:25] {strider} out +.11
[12:26] {strider} tanks.
[12:26] {Threei} scalpers whom we all love to hate know what to do
[12:27] {strider} {---------re-arranging the scalps on his belt.
[12:32] {magoo} was on phone, how high it print RIMM?
[12:32] {Threei} .67 so far
[12:32] {magoo} yea..im waiting .73 no fill
[12:43] {strider} would break .65-.67 be a valid new entry RIMM?
[12:43] {strider} inverse h&s and c&h
[12:44] {Threei} I wouldn't
[12:44] {Threei} risk rises, reward diminishes
[12:44] {Threei} so, we all know people are weird, right?
[12:45] {Threei} but some things never cease to amaze nonetheless
[12:45] {Threei} explain this someone to me
[12:45] {Threei} guy signs up for a trial around 11 pm EST, 8 PM my time
[12:45] {Threei} approved about 20 min later
[12:46] {Threei} 15 min more, he sends irritated e-mail:
[12:46] {Threei} I've loggef in to the room, there is no conversation! What is itr you even sell??
[12:46] {Threei} you think that's all? yeah right
[12:47] {Threei} upon receiving answer that it's a real time trading room, it's going to be active during market hours
[12:47] {Threei} he says well, we will see tomorrow
[12:47] {Threei} NOVER TO LOG IN TODAY!'
[12:47] {Threei} never
[12:47] {Threei} I accept as default that people ARE weird... but come on, there should be some limit, no? :)
[12:48] {strider} It wasn't _notles, was it?
[12:48] {Threei} no :)
[12:50] {strider} in out FCX +.08
[12:50] {strider} .77-.85
[12:51] {Threei} OK, I guess it not wierd for you all
[12:51] {Threei} which tells me something else {GGG}
[12:51] {hawk} are you sure it wasn't nemo messing with you :)
[12:51] {Threei} lol, no
[12:52] {Threei} to register with IP from another area - it's possible of course but requires way too much sophistication for practical joke
[12:52] {Threei} White House: Confirms Elizabeth Warren as a possible candidate to head the new consumer protection agency at the Fed
[12:52] {Threei} - Follow up: WSJ reports other candidates include Treasury Department Assistant Secretary Michael Barr, and Justice Department chief counsel for competition policy and intergovernmental relations Gene Kimmelman
[12:53] {strider} Don't know if it has anything to do with this, but I saw "for a hot date, log on to reality trader.com" on a McD's bathroom wall.
[12:54] {strider} was signed, "_notnemo"
[12:55] {Threei} I may qualify as hot date... minus 20 years, minus balding top, minus 30 lbs...
[12:55] {strider} trouble is, was a men's room.
[12:55] {Threei} somone may have been practicing
[12:55] {Threei} spelling, you know...
[12:55] {strider} But you still seem to be quite a chick magnet, vad.
[12:56] {strider} Especially those beautiful Russina women.
[12:56] {Threei} yeah, only with three minuses {G}
[12:56] {strider} russian
[12:56] {strider} 3????
[12:56] {strider} ha
[12:56] {Threei} careful
[12:57] {Threei} don't fracture my fragile ego
[12:57] {strider} No. was a compliment. Just didnm't understand the tri-polarity.
[12:58] {Threei} scroll up for three minuses list
[12:58] {Threei} RIMM balance stopped flat
[12:58] {Threei} scalpers win
[12:58] {strider} whoopeee.
[12:58] {Threei} (again)
[13:00] {strider} BP?
[13:00] {Threei} no read on it
[13:00] {strider} lligu setup
[13:01] {strider} :)
[13:20] {strider} VVUS
[13:29] {Threei} summer friday...
[13:32] {Threei} Fish are jumpin'
[13:32] {Threei} And the cotton is high
[13:34] {lilyd} do you get the feeling you
[13:34] {lilyd} re talking to yourself?
[13:35] {Threei} regularly
[13:35] {Threei} scariest thing is, I hear response...
[13:35] {magoo} im here hunting for trades..i hope u are
[13:36] {magoo} look AAPL
[13:36] {magoo} is there a short?
[13:37] {Threei} it's a jump on Jobs' presentation
[13:37] {Threei} Apple Inc CEO Jobs: Will give away bumper cases to all iPhone 4 users free of charge; Working hard to find a solution for the iPhone 4 antenna issue and it is not unique to this product; have sold 3M units of iPhone 4 and it is the best product Apple has made
[13:37] {Threei} - Notes We are not perfect but want to make all customers happy
[13:37] {Threei} - Jobs also showing examples of phones such as the Blackberry, Samsung, and HTC Droid that encounter similar problems with number of bars
[13:37] {Threei} - Notes that Apple has already updated the software that was causing the the phone to show the incorrect number of reception bars.
[13:37] {Threei} - Claims that only 0.5% of customers have called Applecare with regards to the antenna issue, historically not a large number; data shows return rate under AT&T's buyers remorse program for the iPhone 4 was 1.7% v 6% for 3Gs model.
[13:37] {Threei} - AT&T provided call drop rates, iPhone 4 does drop more calls per 100 than iPhone 3Gs but difference is less than 1%; despite its better antenna.
[13:37] {Threei} - Reiterates that Apple had released operating system update to correct bar reception bug
[13:37] {Threei} - Notes that for those who have purchased a bumper case already, they will receive a refund
[13:37] {Threei} - Will revisit the issue in September to see how things are going
[13:37] {Threei} - Will begin shipping the White iPhone by end of July; phone will be available in 17 new countries at the end of the month.
[13:38] {shorty} http://www.youtube.com/watch?v=q9ZnwvyAk8k
[13:43] {Threei} AAPL's coming into bounce zone
[13:44] {Threei} .50 break
[13:44] {Threei} if holding .30
[13:44] {Threei} invalifated
[13:44] {Threei} 252 break
[13:45] {Threei} if hol,ding .75
[13:45] {Threei} lol
[13:45] {Threei} invalidated
[13:45] {shorty} lol
[13:46] {Threei} 251
[13:47] {Threei} stop under .70
[13:47] {Threei} no need to say, smaaal shares
[13:48] {Threei} 1:1
[13:48] {Threei} target 252.30
[13:49] {strider} in .01
[13:49] {strider} my stop .50
[13:57] {strider} out +.69
[13:58] {Threei} over 1:2
[14:11] {Threei} target hit
[14:11] {strider} pretty cool.
[14:11] {hawk} nice call
[14:12] {Threei} took enough time for me to faint and get out of it - twice
[14:16] {lilyd} why did you choose that specific target?
[14:17] {hawk} to impress the ladies
[14:17] {larisa} lol
[14:17] {lilyd} haha
[14:17] {Threei} there you go... raptors know
[14:18] {Threei} kind of natural level of the bounce on the chart,
[14:19] {Threei} i am sure something like fibonacci will be around there
[14:19] {Threei} i don't draw them but what looks natural to my eys is more often than not coincides with fibs, or gunn lines
[14:20] {lilyd} yeah, you're right -- there's one right at .30 - thanks!
[14:20] {Threei} really?
[14:21] {Threei} cool :)
[14:21] {lilyd} pretty amazing...
[14:21] {Threei} actually just natural if you think of what fibs are
[14:22] {Threei} to make it more visual, think of golden ratio
[14:22] {strider} FCX broke 60.
[14:22] {Threei} can you spot the place for it without measuring,
[14:22] {Threei} just by single glance?
[14:22] {Threei} with very little practice, sure,
[14:23] {Threei} because this is where it's the most natural, the most pleasing for an eye so to speak
[14:23] {Threei} Fibs are pretty much the same, natural ratio of things
[14:24] {Threei} there is a rule of thirds in photography,
[14:24] {Threei} calling for placing your subject at the cross of the lines that divide the area of image by three
[14:25] {Threei} beginners need visual help, and many cameras provide it by placing a grid in the viewfinder
[14:25] {nemo} Good Morning!
[14:25] {Threei} more experienced photographer places the subjkect in those spots automatically, never looking at any grids
[14:25] {Threei} nemo :)
[14:25] {Threei} and strider thought you were drunk
[14:26] {strider} what makes you think he's not?
[14:26] {nemo} Had to work in the gun shop today
[14:26] {Threei} actually...
[14:26] {Threei} really... you are right
[14:26] {strider} drunk?
[14:26] {nemo} nahhh...
[14:27] {strider} you just missed the play of the month. AAPL
[14:27] {nemo} yeah...new today would be great
[14:27] {Threei} funno, I actually liked that FCX short more
[14:28] {Threei} required more craft, and was less dicey
[14:29] {Threei} lilyd... take a look at http://2.bp.blogspot.com/_zmBuM5vzpKo/TDvvgzNBF3I/AAAAAAAAANY/RBJzU2-7A2g/s1600/A7116927.jpg
[14:29] {nemo} might have a db on spy here
[14:29] {Threei} see this placement by the rule of thirds? :)
[14:29] {Threei} divide image mentally by three parts both vertically and horisontally
[14:29] {larisa} now lily is sorry she ever asked :)
[14:29] {lilyd} beautiful!
[14:30] {Threei} orca will be roughly at the intersection
[14:30] {Threei} well larisa.. I am thorough... don't want to hear full answer, either don't ask or alert that simple yes or no will siffice :)
[14:30] {larisa} lol
[14:31] {Threei} from the same series: http://2.bp.blogspot.com/_zmBuM5vzpKo/TDvumIi0UcI/AAAAAAAAANI/uzet7bNLiOM/s1600/A7116845.jpg
[14:31] {Threei} different subject, same idea of placement
[14:32] {Threei} error many beginners make - central placement of the subject
[14:32] {Threei} kills the motion
[14:32] {lilyd} wish I was there
[14:33] {lilyd} actually, you'll probably get tired of my questions before I get tired of the answers
[14:33] {Threei} ty... best praise fora photographer
[14:33] {Threei} hehe... let's check that theory
[14:33] {lilyd} what do you think about FCX now - too late?
[14:34] {nemo} could be end of day play short
[14:34] {Threei} it's trying to decide between bounce and futher selling,
[14:34] {Threei} my notion would be bouce, but like 51/49
[14:35] {Threei} .15 long
[14:35] {Threei} if holding 60
[14:35] {Threei} but very discretionary
[14:35] {Threei} just not a good time of the day for it
[14:36] {lilyd} OK - thanks
[14:38] {Threei} invalidated
[14:38] {Threei} (thank goodness)
[14:38] {nemo} yeah, but getting in short territory now ;)
[14:39] {Threei} nope
[14:39] {Threei} rather:
[14:39] {Threei} invalidated one side, didn't form another
[14:39] {Threei} just drifting
[14:40] {Threei} will rinse you both ways if you go for it
[14:40] {nemo} then perhaps we have a range play here
[14:40] {Threei} maybe range scalp,
[14:40] {Threei} yes
[14:40] {Threei} but it's a play for itching hands
[14:40] {nemo} yeah
[14:40] {Threei} those who just can't sit still :)
[14:40] {nemo} Thus, the glass of wine
[14:41] {Threei} see how short wiuld have been killed?
[14:44] {lilyd} yes and I'm ahead for a change today and don't want to do anything risky
[14:45] {Threei} :)
[14:47] {hawk} DNDN 31 break interesting if it stays under .15
[14:50] {strider} close up or down?
[14:50] {Threei} gosh
[14:50] {Threei} to close up from here, we would have to have rally of rallies
06[14:51] * nemo slaps strider around a bit with a large large..no slap...just shoot him
[14:51] {strider} what I meant was, run up or down from here.
[14:51] {strider} GS c&h
[14:52] {nemo} well, spy coul fall to .65 before it hit's the last pivot support
[14:52] {Threei} too early to tell yet
[14:53] {strider} OK. I'll check back about 3:55
[14:53] {nemo} rimm
[14:56] {nemo} looks like rimm might have been a good idea
[14:58] {nemo} then again
[15:00] {Threei} notice, FCX is still right there
[15:00] {nemo} raised the range a tad though
[15:02] {strider} APOL?
[15:03] {Threei} locked in narrow range as the rest
[15:08] {strider} RIMM broke
[15:08] {Threei} how I enjoy the look of canadian dollar today...
[15:11] {shorty} what is it at Threei?
[15:11] {Threei} don't know exact number, I view it through proxy, FXC
[15:12] {Threei} should be down more than a cent from the look of it
[15:12] {shorty} thanks
[15:13] {shorty} 94.35
[15:13] {Threei} good
[15:13] {Threei} can I have it at 80?
[15:16] {strider} FCX spike
[15:16] {strider} well, small..
[15:17] {Threei} man... expectations are really low if you call this a spike :)
[15:17] {strider} was on a very small chart. :)
[15:18] {strider} but yes, lowered expectations.
[15:21] {strider} also, lower expectorations.
[15:26] {strider} aapl
[15:26] {Threei} FCX is holding very well
[15:27] {Threei} would be my first bounce candidate
[15:29] {Threei} if we get any decent SPY bounce, FCX should go to about .40
06[15:36] * Threei kicks FCX in the rear with heavy futy army boots
[15:37] {Threei} candian dollar is down 1.38 cents
[15:37] {Threei} beautiful
[15:38] {strider} Did you call FCX, vad?
[15:38] {Threei} not with exact trigger
[15:38] {Threei} 15:26] {Threei} FCX is holding very well
[15:38] {Threei} [15:27] {Threei} would be my first bounce candidate
[15:38] {Threei} [15:29] {Threei} if we get any decent SPY bounce, FCX should go to about .40
[15:38] {Threei} was at .09 at the moment
[15:38] {Threei} consider it musings rather than call
[15:39] {strider} now we have a trading muse.
[15:39] {Threei} we always fif
[15:39] {Threei} review your 4steps package
[15:39] {Threei} fit?
[15:39] {Threei} did
[15:42] {strider} short VVUS .38 stop .48
[15:43] {shorty} l MGM .60
[15:45] {shorty} nice one on VVUS strider
[15:45] {strider} missed the real trigger
[15:47] {shorty} almost ready to give up on MGM
[15:48] {strider} stop to .40
[15:49] {strider} out +.10
[15:50] {shorty} still with my mule
[15:50] {Threei} and carrot dangling in front of it?
[15:50] {shorty} lol....that is what I was missing!
[15:50] {Threei} or you are stick kind of guy?
[15:51] {shorty} lol
[15:51] {shorty} my use a shotgun
[15:51] {shorty} might
[15:52] {Threei} shorty.... I havge an idea
[15:52] {shorty} hmmm...k
[15:52] {Threei} you guys have a very angry beaver in Alberta, attacking and killing fogs
[15:53] {Threei} we need it in the market
[15:53] {shorty} LOL!!!!I know
[15:53] {nemo} killing what?
[15:53] {shorty} I have seen him too
[15:53] {Threei} dogs
[15:53] {nemo} a beaver?
[15:53] {Threei} yes
[15:53] {shorty} Maybe he is responsible for the horse deaths at the Stampede too
[15:53] {nemo} Reminds me of a joke
[15:54] {Threei} don't even
[15:54] {nemo} Hey, Strider?
[15:54] {Threei} http://www.vancouversun.com/opinion/Husky+dead+several+more+dogs+hurt+Alberta+beaver+attacks/3278918/story.html
[15:54] {shorty} out +05 on MGM
[15:54] {nemo} You know what the first dirty words said on TV were?
[15:57] {hawk} may i push in your stool?
[15:58] {Threei} I want another room...
[15:58] {nemo} dcc hawk
[15:58] {strider} BP bounce?
[15:58] {Threei} jusr afraid none would tolerate me
[15:58] {hawk} btw, that was an answer to the question, not a question
[15:58] {strider} oh. It's closing time.
[15:58] {Threei} strider... do you have watch?
[15:58] {nemo} I realize, I gave you the correct answer
[15:58] {nemo} dcc
[15:58] {strider} actually, no.
[15:58] {nemo} 3:58
[15:58] {Threei} okay then :)
[15:59] {strider} I'm saving for one.
[15:59] {nemo} It's been very nice
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} been slow but profitable week
[15:59] {lilyd} thank you
[15:59] {Threei} have a great weekend
[15:59] {lasertrev} have a good weekend all
[15:59] {strider} Thanks, vad. See you all Tuesday. I'll be absent on Monday.
[15:59] {Threei} see you all on Monday
[16:00] {shorty} Cya Threei, have a good weekend all.
[16:00] {hawk} bye all