Wednesday, August 4, 2010

Aug 04 2010

Very nice start of the day with good profitable trades - then pushed it a little bit more than I should, so a few stops eliminated most of profits. Did I mention I dislike August trading?

Session Time: Wed Aug 04 00:00:00 2010
[08:14] {Threei}  (US) Preview: July ADP Employment Change data due out at 8:15am ET (12:15 GMT)
[08:14] {Threei}  - Consensus Expectation +30Ke v +13K prior
[08:15] {Threei}  *(US) JULY ADP EMPLOYMENT CHANGE: +42K V 30KE
[08:15] {strider} morning, vad:)
[08:16] {Threei}  strider :)
[08:28] {strider} leap upgrade
[08:52] {Threei}  GLD Dec futures trade through 1,200 level (115.99, 0.00, 0.00%)
[09:07] {hawk} morning
[09:12] {nemo} oh hawk haroo
[09:12] {nemo} you go after the Raven yet?
[09:13] {Threei}  hawk :)
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:21] {hawk} nemo :) nevermore...
[09:21] {Threei}  lol
[09:23] {shorty} gm
[09:24] {Threei}  shorty :)
[09:28] {Threei}  DNDN yesterday
[09:28] {Threei}  Dendreon Corp Reports Q2 -$1.04 v -$0.50e; R$2.2M v $25K y/y
[09:28] {Threei}  - CEO: The FDA approval of PROVENGE and our rapid launch represents the beginning of an entirely new era in medicine, said Mitchell H. Gold, M.D., president and chief executive officer. We are committed to continuing our expansion in the United States in order to serve the many patients with advanced prostate cancer who until now had few appealing treatment options. In addition, we are investing in our pipeline and establishing the infrastructure required for global growth
[09:29] {nemo} bp woulda' been a good play
[09:29] {jfjf64} mornin
[09:30] {Raven} sheesh
[09:30] {Threei}  jf :)
[09:30] {nemo} wow dndn
[09:31] {i2r} wow, PCLN
[09:32] {nemo} oh dndnd
[09:32] {nemo} dndn
[09:32] {nemo} rig too
[09:33] {Threei} Long Setup:  LVS  .40 break
[09:33] {Threei}  if stays above .30
[09:37] {Threei} Long Setup:  FCX  .60 break half lot
[09:40] {shorty} orbis is down for me right now....on the sideline for a bit.
[09:41] {Threei} Long Setup:  RIMM  .10 break
[09:41] {Threei}  if stays above .95
[09:42] {nemo} too fast
[09:43] {Threei}  1:1
[09:43] {Threei}  1:2, out
[09:43] {hawk} nice
[09:44] {Threei}  DNDN lost its mind
[09:45] {Threei}  (US) Preview: July ISM Non-Manufacturing Composite Index due out at 10:00ET
[09:48] {strider} stop still .30 LVS?
[09:48] {ese} hi there forgot to say good morning
[09:49] {Threei}  it touched so close to 1:1 twice, maybe trail it to under .35
[09:49] {Threei}  ese :)
[09:53] {Threei} Long Setup:  BP  .25 break
[09:53] {Threei}  if stays above .15
[10:00] {jfjf64} thatda boy
[10:02] {jfjf64} any body there
[10:02] {hawk} nope
[10:02] {strider} no bodies, just minds.
[10:03] {Threei}  out BP in full
[10:03] {jfjf64} spy  flyin
[10:03] {Threei}  over 1:2
[10:03] {ese} nice vad......
[10:04] {Threei}  who held LVS, dump it
[10:06] {strider} RIMM bleedig
[10:06] {strider} bleeding
[10:07] {jfjf64} we  stuck  knife  in yest
[10:07] {nemo} what I miss?
[10:07] {Threei}  oh crap
[10:07] {jfjf64} lots
[10:07] {Threei}  you must be kidding
[10:07] {jfjf64} lol
[10:07] {nemo} computer
[10:07] {Threei}  grrrr
[10:07] {nemo} been down for 20 minutes
[10:07] {jfjf64} yuk
[10:08] {Threei}  RIMM and BP longs...
[10:08] {jfjf64} hate  that
[10:08] {nemo} what had a great morning?
[10:08] {Threei}  worked like charm
[10:08] {jfjf64} lk  breathing
[10:08] {nemo} well, I'm checking out then, be pushing luck
[10:08] {jfjf64} luck
[10:08] {jfjf64} setup  there  we  tradre  it
[10:08] {strider} what's this discussion about?
[10:09] {jfjf64} luck
[10:09] {gregns} bounce for RIMM ?
[10:09] {jfjf64} look  pricline  what  up
[10:10] {Threei}  .25 break...
[10:10] {Threei}  high risk
[10:11] {jfjf64} lvs
[10:11] {jfjf64} nother leg  down
[10:11] {jfjf64} .30
[10:11] {Threei}  PCLN blowout earnings yesterday
[10:12] {Threei}  CLN Reports Q2 $3.09 v $2.65e, R $767M v $733Me
[10:12] {Threei}  - Guides Q3 $4.78-4.98 v $4.18e, Rev +29-34% y/y (implying $943-980M v $860M
[10:12] {jfjf64} rimm bounce wkin
[10:12] {jfjf64} any  takers
[10:12] {Threei}  feel free to take profit RIMM
[10:13] {gregns} i tried @.26 and missed
[10:13] {Threei}  I don't believe it will go much further
[10:13] {gregns} missed it
[10:13] {Threei}  well, 1 cent is a bit too strict for such volatile stock
[10:14] {gregns} i know it blew right by
[10:17] {Threei}  (CH) China property trust strss tests will assume up to a 60% decline in home prices
[10:17] {Threei}  that's some stress
[10:18] {jfjf64} bp  drop
[10:20] {jfjf64} lots  red
[10:20] {Threei}  interestingly, RIMM stabilized
[10:20] {Threei}  not dreopping with market anymore
[10:21] {Threei} Long Setup:  RIMM  .30 break
[10:21] {ese} vad....does aig  look like a viable break at .20
[10:21] {Threei}  if stays above .20
[10:21] {Threei}  totally ese
[10:21] {ese} tks
[10:22] {i2r} Short opportunity with PCLN, Vad?
[10:22] {Threei}  RIMM touched 1:1, missed exit
[10:22] {Threei}  I doubt it, i2r
[10:23] {Threei}  and anyway, with this spread it's beyond acceptable risk for me
[10:23] {Threei}  30-40 cents spread
[10:23] {Threei}  yikes
[10:23] {ese} Laig .21
[10:23] {i2r} ok thx
[10:24] {hawk} i tried shorting PCLN last nite, 50 shares, wasn't a fun experience
[10:24] {i2r} buying last night after close would have been a nice experience
[10:24] {hawk} buying where i tried to short it would have too ;)
[10:25] {i2r} I can appreciate good earnings, but $50 rise overnight? too much for any stock I'd say
[10:25] {Threei}  remember... overbought gets overboughter
[10:26] {Threei}  look at it this way
[10:26] {Threei}  isn't such excessive gap is absolutely obviously unsustainable, to anyone who merely glances at it?
[10:26] {i2r} interesting enough, SOLF went up quite a bit during open but didn't recover to that level, even on the same day
[10:27] {Threei}  if your answer is yes as it well should be, then next question is, can everyone make money on obvious trade?
[10:27] {i2r} that's my feeling, how can it sustain going up at this level?
[10:27] {Threei}  knowing how market works, isn't it more likely that it will go against obvious
[10:27] {i2r} i see
[10:27] {Threei}  killing all who goes for "what everyone knows"
[10:28] {i2r} I've seen that behaviour on a number of accasions
[10:28] {Threei}  'cause if pbvious things worked in the market
[10:28] {i2r} occasion
[10:28] {Threei}  wouldn't everyone abandon all other activities and make insane money just trading,
[10:28] {i2r} I think that's right out of the the Tape reading techniques book
[10:29] {Threei}  which would have ended the civilization
[10:29] {i2r} well, not everyone would risk that much to test the obvious :)
[10:29] {Threei}  no one grows food
[10:29] {i2r} nah, civ would keep going :)
[10:29] {Threei}  everyone trades food prices
[10:29] {Threei}  AIF 1:2 meanwhile
[10:29] {Threei}  AIG
[10:29] {Threei}  also, you'd have to answer this question:
[10:29] {Threei}  if everyone knows X price must be bought,
[10:29] {gregns} thks ese on AIG
[10:30] {Threei}  who would they buy it from?
[10:30] {Threei}  (CH) China property trust strss tests will assume up to a 60% decline in home prices
[10:30] {Threei}  *DOE CRUDE: -2.78M V -1.2ME; GASOLINE: +730K V -1ME; DISTILLATE: +2.1M V +1ME UTILIZATION: 91.2% V 90.1%E
[10:30] {i2r} we'd switch to barter, no more currency, no?
[10:30] {Threei}  I mean, everyone knows to buy at $30,
[10:30] {Threei}  question is, from whom?
[10:31] {Threei}  who would sell if it's an obvious buy, and everyone trades obvious and wins?
[10:31] {Threei}  the idea that market can work on obvious things ends:
[10:31] {Threei}  1. any price movement
[10:31] {Threei}  2. market itself
[10:31] {Threei}  3. whole civilization
[10:32] {Threei}  so... obvious doesn't work :)
[10:32] {Threei}  amazes me that such obvious things are not obvious to everyone, and people continue arguing that market should do this and this because common sense says so
[10:33] {Threei}  but then I remember that the fact that it's not obvious to everyone is what makes market and civilization work
[10:33] {Threei}  and I am at peace with it :)
[10:33] {i2r} :)
[10:35] {Threei}  and just to illustrate the point, PCLN keeps going
[10:35] {Threei}  everything is fine with the world
[10:35] {Threei}  earth keeps revolving
[10:36] {i2r} well, nothing ever goes up without a shake :)
[10:37] {i2r} but it doesn't mean we have to employ that type of trading method :)
[10:37] {i2r} when setups work
[10:37] {Threei}  of course
[10:37] {Threei}  but the point is:
[10:37] {i2r} more consistently
[10:37] {ese} am out aig at .40 +.19
[10:37] {Threei}  read the chart and go with your read,
[10:38] {Threei}  but never trade off the idea of what makes sense in terms of "normal"
[10:38] {Threei}  wtg ese
[10:39] {i2r} got it
[10:39] {Threei}  last ppoint:
[10:39] {Threei}  this general idea is what lies in the foundation of tape reading method,
[10:40] {ese} tks
[10:40] {Threei}  and the whole book is devoted to showing how this broad philosophical view translates into particular ways to read the chart
[10:40] {Threei}  taking you step by step from general idea to exact entries and exits
[10:40] {nemo} bp db?
[10:40] {nemo} or short
[10:41] {Threei}  can't tell
[10:45] {strider} CAT c&h
[10:45] {strider} late
[10:48] {ese} nemo......has the s&p got a good chance to break 113.03 call this stuff really thinkin about going long SSo
[10:48] {ese} SSO
[10:49] {ese} sorry thats spy
[10:54] {ese} L pwer .68
[10:57] {ese} am not liken this.....not as strong as i'd hoped
[10:58] {ese} ahhhhhhhh.......maybe might be ok
[10:59] {ese} stop to break even pwer to be on the safe side
[10:59] {jfjf64} lk the plan
[11:00] {ese} tks
[11:01] {shorty} My platform is still down.....cya guys later.
[11:01] {hawk} cu shorty
[11:02] {ese} i'm out pwer .78 +.10 take my 100 bucks and call it a day here
[11:03] {hawk} cu ese
[11:04] {ese} hawk you outta here
[11:04] {ese} have a great day
[11:04] {hawk} no, thought you were, i'm hanging
[11:05] {ese} ohhhhhh......nah just a day on that stock
[11:05] {hawk} gotcha :)
[11:06] {ese} i need to be more specific....specifically about my specifics if i'm going to be specific
[11:06] {gregns} hallelujah !
[11:06] {hawk} lol
[11:07] {Threei}  what specifically do you mean?
[11:07] {ese} lol
[11:07] {Threei}  I tried to align my specifications with your specific parameters, but they were not specified enough
[11:08] {nemo} specific enough
[11:08] {nemo} nor specified
[11:08] {nemo} spectacularly specious
[11:09] {ese} lol
[11:13] {strider} CAT basing
[11:15] {strider} "forming a range" a better description
[11:16] {strider} LESP
[11:16] {strider} LEAP
[11:17] {Threei}  54% Favor Extension of Bush Tax Cuts
[11:17] {ese} same with aig ..basing
[11:17] {Threei}  heh... why are we told Americans hate those and want them expire?
[11:24] {ese} L pwer .80
[11:27] {ese} hmmmm maybe doesn't want to break up with mrkt...."quel drag"
[11:28] {ese} whuts rong wit ye!!!!!!!sheesh
[11:30] {ese} quick everyone....every in!!!!!    ohhhhh no !!!! it's gonna go down with the ship
[11:30] {ese} alright......
[11:30] {ese} maybe a little too melow dramatic
[11:30] {hawk} lol es
[11:31] {ese} lets try this "pwer.........get your asss up there"
[11:31] {ese} well...the longer the base the stronger the break......right?.......
[11:32] {gregns} right !
[11:32] {ese} no answer?........i'm doomed
[11:32] {ese} though sure nemo would be flogging me by now
[11:33] {nemo}'s not even sporting flogging you
[11:34] {larisa} DNDN wants 40
[11:34] {ese} ouch!!!!
[11:34] {nemo} yeah, you bought that on the opening break you were done before 10
[11:35] {ese} oh ya......OH YA!!!!! well just for that i'm long another lot at .80
[11:36] {ese} this thing may just turn around and bit me in the you know what
[11:36] {nemo} your brain...that's where it is, right?
[11:37] {ese} lol
[11:38] {ese} watch it........i represent that remark
[11:38] {nemo} sorry ese, you called me fingers just go to the keyboard, it's not me
[11:38] {ese} lol
[11:41] {ese} man this thing is just like the movie...."Flatliners"
[11:50] {strider} ACAS strong, ese.
[11:50] {strider} on daily chart
[11:52] {ese} will take a look
[11:53] {strider} in spite of :11:10 EDT ACAS  American Capital sees carry over capital losses
[11:53] {strider} 11:09 EDT ACAS American Capital reports Q2 EPS 9c vs. consensus of 16c
[11:53] {ese} that one is looking good on the daily
[11:56] {strider} CAT clawing its way up.
[12:10] {Threei}  LVS new 52 week highs
[12:10] {Threei}  quite amazing creep up
[12:16] {Threei}  RIMM is coming into bounce territory
[12:16] {Threei}  a bit more selling, stabilization, then standard setup
[12:16] {Threei} Long Setup:  RIMM  .10 break if holding above 53
[12:18] {_luvtherays} Hello friends, I am loging into the room for the first time.    Is there a screenshot of the charts being discussed or should i bring the chart up on my charting software. should i bring up "time and sales" also,  thank you
[12:18] {nemo} the latter
[12:18] {Threei}  your charting software
[12:18] {_luvtherays} ty
[12:19] {Threei}  Times and sales, Level 2, whole enchilada
[12:19] {_luvtherays} gotcha
[12:19] {nemo} I prefer chimichangas
[12:19] {strider} where's the enchiladaa button on laser?
[12:19] {Threei}  right next to Chicken Entrails Indicator
[12:20] {strider} got it.
[12:20] {ese} L sso .35
[12:20] {nemo} in
[12:21] {Threei}  1:1, half out
[12:21] {nemo} yep
[12:21] {Threei}  nice and easy
[12:21] {Threei}  scalpers, be happy
[12:21] {Threei}  on one hand, market is spiking
[12:21] {nemo} o.k.
[12:21] {Threei}  on another, it's lunch time
[12:22] {Threei}  so... depends on your personal prfeferences
[12:22] {nemo} maybe get db out of it
[12:22] {nemo} market pressing the highs
[12:23] {Threei}  what kind of typing is that...
[12:23] {_luvtherays} im up and running,
[12:23] {Threei}  our room typing must be "hughs"
[12:24] {nemo} pardon moi
[12:24] {Threei}  if "guys" turns into "fyts"...
[12:24] {Threei}  I am still chuckling about the exchange on the close yesterday
[12:24] {hawk} lol
[12:26] {Threei}  ICAD Halted: US FDA clears Veralook detection product for commercial use
[12:27] {Threei}  - The U.S. Food and Drug Administration has given clearance to VeraLook, iCADs computer-aided detection product used in the interpretation of virtual colonoscopy exams. iCAD is an industry-leading provider of advanced image analysis solutions for the early detection of cancer.
[12:27] {Threei}  virtual colonoscopy?
[12:27] {Threei}  forget I asked, no one answers please
[12:27] {strider} brain is churning forr a response.
[12:28] {nemo} stand up and take the pressure off it, Strider
[12:29] {strider} I'm gonna stop here, so vad doesn't have to edit log.
[12:29] {nemo} :)
[12:29] {Threei}  thank you
[12:29] {nemo} Well, it's afternoon
[12:30] {nemo} ndn pulling back
[12:30] {strider} XRX at hod, in case anyone cares.
[12:33] {Threei}  over 1:2 RIMM, 1/4 more out
[12:33] {Threei}  1:3, out in full
[12:33] {Threei}  smooth ride
[12:34] {hawk} nice one, thx
[12:34] {Threei}  :)
06[12:34] * Threei slaps jfjf64 around a bit with a large roll of cash
[12:36] {magoo} hey
[12:36] {Threei}  awww
[12:36] {Threei}  missed quite nice day mags
[12:36] {nemo} I was hoping for Les...not
[12:37] {Threei}  and left yesterday early, just before we nailed RIMM short twice
[12:37] {magoo} doesnt it figure
[12:38] {magoo} i had to take son to ortho apptmt yestrday, valid xcuse
[12:38] {ese} nemo baby!!!! ya there?
[12:39] {strider} I know how you feel, mags.   I stopped in the morning yesterday because of losses.  Missed yesterday afternoon's wins.
[12:39] {strider} whada you do?
[12:39] {ese} still want your opinion on the likely hood of spy or spx breaking there highs
[12:40] {magoo} and thats same reason imlate today
[12:40] {magoo} but frustrating
[12:40] {magoo} i had RIG long all day yesterday at 50.15
[12:41] {magoo} hd to cut it to leave
[12:41] {magoo} look today
[12:41] {strider} too bad dino's not there.  You could whack him around a bit.
[12:41] {magoo} yea :)
[12:41] {magoo} lazy bastard dino
[12:41] {magoo} i wanted to tell him he missed greatest week of year, but not so
[12:42] {strider} lvs pb
[12:42] {magoo} wow DNDN vad??
[12:43] {shorty} Can I get a quote on LVS please?
[12:43] {hawk} earnings mags
[12:44] {magoo} 28.89 - 90
[12:44] {larisa} 28.90
[12:44] {shorty} Thnaks
[12:44] {shorty} thanks
[12:45] {Threei}  earnings yesterday mags
[12:45] {magoo} u play it?
[12:48] {Threei}  nope
[12:49] {magoo} in anything now?
[12:49] {nemo} coma
[12:53] {nemo} rimm .16 ?
[12:55] {magoo} AMZN news??
[12:55] {magoo} WOW
[13:02] {ese} nemo.....did you see the question i asked earlier
[13:02] {ese} comment?
[13:02] {nemo} ?
[13:02] {ese} at 09:39
[13:03] {nemo} no, what was it
[13:03] {nemo} ?
[13:03] {ese} still want your opinion on the likely hood of spy or spx breaking there highs
[13:03] {nemo} you mean today's highs
[13:04] {ese} 2 days ago......3 day high i guess
[13:05] {nemo} look's like it's creating a base over the last few days, I would expect them to test them and likely break them barring any serious news
[13:05] {ese} 113.03 spy 1127.30 spx
[13:06] {ese} tks thats what i gonna go  long a few swing things
[13:06] {nemo} today's highs I'm not sure, but it is wedging into resistance
[13:06] {magoo} jobs report friday could be catalyst
[13:06] {nemo} had one today
[13:06] {nemo} it was better than expected
[13:12] {strider} BP?
[13:13] {Threei}  50/50
[13:14] {strider} not bad odds. :)
[13:15] {magoo} yea in...which way?? oh, same odds
[13:19] {strider} long .44 stop .39
[13:23] {strider} out 1/2 +.02--reducing risk
[13:23] {nemo} moulting again?
[13:24] {strider} more like moulding.
[13:24] {strider} molding
[13:24] {strider} unless you're english
[13:25] {nemo} true
[13:25] {nemo} I'll endeavour to speak the Queen's English
[13:26] {strider} go for it Freddie.
[13:26] {Threei}  AXP CNBC now providing a positive spin for boilerplate risk statement; claims 25% target is up from prior 20% (44.18, -0.42, -0.94%)
[13:26] {nemo} tough from the Anglican Landfill
[13:34] {strider} muffled, anyway.
[13:34] {nemo} hehehe
[13:37] {nemo} rig long .41?
[13:38] {Threei}  i doubt it
[13:38] {nemo} rimm coming into serious support
[13:39] {Threei}  no
[13:39] {Threei}  RIMM is more likely to break down this time
[13:39] {Threei} Short Setup: RIMM  53 break
[13:39] {nemo} I said coming into support, no long or short
[13:42] {strider} still valid?
[13:42] {Threei}  yup
[13:46] {Threei}  let's modify it, to get a better entry
[13:46] {Threei} Short Setup: RIMM  .05 break if stays under .15
[13:50] {magoo} wheres your partial .95?
[13:50] {Threei}  .90 - .85, yes
[13:50] {Threei}  .90 - .95
[13:50] {Threei}  with any market help should be good for 1:3
[13:51] {nemo} oops
[13:51] {Threei}  ?
[13:54] {magoo} i like trade both ways vad, as long to .15\
06[13:58] * Threei hits RIMM over the head woth 2x4
[13:59] {strider} old english
[14:00] {Threei}  spanking new 2x4 though
[14:02] {Threei}  no go
[14:03] {nemo} wow, coudln't get out until .22
[14:03] {Threei}  ??
[14:03] {Threei}  you are kidding
[14:03] {nemo} flew right over
[14:03] {nemo} nope
[14:03] {Threei}  easy .17
[14:03] {strider} had limit set at .22, got .17
[14:03] {nemo} had it set at .16 flew right over
[14:03] {Threei}  sheesh
[14:04] {Threei}  don't you know better than giving no slack whatsoever?
[14:04] {strider} here goes futs
[14:14] {_luvtherays} Can i get a little feedback for a rookie, i did this based on my understanding, did a sell stop order of rimm at 53.05. did a buy to cover at 53.90 and 53.85.  my sell stop got executed, my buy stops(profits never got executed), where should i have put in my stop loss and why ?
[14:15] {strider} shouuld have been buy stop order.  You were short the stock.
[14:15] {Threei}  stop loss was above .15
[14:16] {_luvtherays} why did you use .15
[14:16] {Threei}  13:46] {Threei} Short Setup: RIMM .05 break if stays under .15
[14:16] {Threei}  that qualifies .15 as trade invalidation
[14:16] {Threei}  because it was nearest resistance
[14:16] {Threei}  and break of resistance invalidates the short
[14:18] {strider} stop bal BP -.05
[14:18] {_luvtherays} i'm somewhat new to ta, is the resistance at the hi  of the 10:46 and 10:48 2 minute bars
[14:19] {Threei}  10?
[14:19] {Threei}  let's use NY time, to unigy things across time zones
[14:19] {Threei}  unify
[14:20] {_luvtherays} im on western time - i guess 2:46 and 2:48 (i guess 10:46 would put me somewhere in between california and hawaii
[14:20] {Threei}  rouufhly from 13:30 RIMM stayed under .15
[14:20] {_luvtherays} k
[14:21] {_luvtherays} one more thing - this is much appreciated, did the level2 or time and sales come into play - How ?
[14:22] {Threei}  no
[14:22] {_luvtherays} thanks - im off to a good start
[14:25] {Threei} Short Setup: GLD  .85 break
[14:26] {Threei}  .95 is invalidation
[14:26] {Threei}  scratch that
[14:27] {strider} doesn't itch.
[14:32] {nemo} gld long here?
[14:34] {Threei}  too slow
[14:35] {nemo} yeah but if it holds the trend line on this pullback could be valid
[14:38] {hawk} SOLF trying to fill the earnings gap
[14:46] {ese} anyone fall asleep yet
[14:46] {ese} i did.....right in my chair
[14:46] {Threei}  you assume we ever wake up
[14:46] {Threei}  I sure don't
[14:50] {Threei}  market starts looking like rallying into close
[14:51] {Threei}  let's see ig this turns out last pullback before push
[14:54] {Threei} Long Setup:  RIMM  .40 break
[14:54] {Threei}  stop under .35 for scalpers, .30 for day traders
[14:57] {Threei}  not ready yet
[15:00] {magoo} GS strong
[15:00] {magoo} imho, 157 area
[15:03] {Threei} Short Setup: LVS  .90 break
[15:03] {Threei}  hod stop
[15:09] {magoo} DNDN vad, a read?
[15:10] {Threei}  no idea
[15:10] {Threei}  this one can do anything
[15:15] {strider} tighten LVS stop?
[15:16] {_luvtherays} thanks boss, good first day
[15:16] {Threei}  don't know strider, no iondication either way
[15:16] {Threei}  market drifts up and down in narrow range
[15:16] {Threei}  can reverse any moment, or can continue - either wioth no warning
[15:17] {Threei}  see?
[15:17] {Threei}  spike out of nowhere
[15:18] {strider} rimm not following
[15:22] {Threei}  SPY attacks 113
[15:31] {magoo} GS
[15:36] {Threei}  everything l;ooks like short to me
[15:36] {Threei}  maybe I am biased
[15:36] {nemo} everything is churning right now
[15:36] {Threei}  second half of the day trading didn't prove useful today...
[15:36] {Threei}  should have just go to sleep after morning trades
[15:39] {Threei}  last attempt
[15:39] {Threei} Short Setup: LVS
[15:39] {Threei}  anywhere from .90 to .95
[15:42] {strider} stop hod?
[15:43] {Threei}  yeah
[15:43] {gregns} die die die LVS
[15:45] {nemo} 200 ma is at .88 not likely to go much further
[15:45] {magoo} DNDN the 1 that got away
[15:45] {Threei}  depends on the market
[15:45] {Threei}  market reterats. LVS will cut throuhg that .88 not even noticing it
[15:45] {nemo} yeah, I was looking at it on the open mags
[15:46] {nemo} but missed it, when I looked 2 minutes later it was up two buks
[15:46] {nemo} bucks
[15:46] {nemo} yeah, except the market has support at .95
[15:47] {nemo} these algo's are using these ma's, pivots and vwaps
[15:48] {strider} out flat....too late for me
[15:49] {strider} gonna do the jig for 10  m in.
[15:53] {Threei}  here comes market
[15:53] {hawk} ESE earnings yesterday, HAWK today, and RIG after the close
[15:54] {Threei}  notice .95 didn't five it pause
[15:54] {Threei}  here foes LVS
[15:54] {Threei}  1:1
[15:54] {Threei}  MAGS tomorrow hawk?
[15:54] {Threei}  larisa...
[15:54] {Threei}  where is the keyboard
[15:55] {Threei}  cast iron
[15:55] {Threei}  with stainless steel keys
[15:55] {hawk} 8/6/10 - 8/16/10 Q2 2010 Magal Security Systems Earnings Release
[15:55] {larisa} I fave you the link
[15:55] {Threei}  but I forfot it
[15:55] {larisa} foofle it
[15:55] {hawk} lol
[15:55] {Threei}  and I thought it was to a be a fift
[15:56] {larisa} link was
[15:56] {nemo} 200 .87 on lvs
[15:56] {Threei}  link? fift?
[15:59] {Threei}  at least last trade of the day was profitable, so the ring is complete
[16:00] {larisa} bye :)
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening
[16:01] {Threei}  or food evening
[16:01] {hawk} u2
[16:01] {Threei}  see you all tomorrow
[16:05] {magoo} RIG reporting?
[16:06] {hawk} soon
[16:06] {Threei}  not yet
[16:08] {magoo} pcln reporting?
[16:09] {hawk} lol, yesterday
[16:09] {magoo} MELI?
[16:09] {hawk} yep, don't have #'s though
[16:10] {Threei}  Mercadolibre Inc Reports Q2 $0.26 v $0.24e, R $52.5M v $52Me
[16:10] {Threei}  MELI
[16:13] {magoo} not bad, guide dowwn?
[16:14] {Threei}  who?
[16:14] {magoo} MELI
[16:14] {magoo} crushed
[16:14] {Threei}  no guidance, not sure
[16:15] {Threei}  HIG Reports Q2 $0.92 (adj) v $0.71e, R$ v $2.5Be
[16:15] {Threei}  RIG Reports Q2 $2.22 v $1.68e, R $ v $2.6Be
[16:16] {Threei}  R $2.5B v $2.6Be
[16:16] {Threei}  - Q2 total drilling fleet utilzation 64% v 66% q/q
[16:16] {Threei}  - Q2 average day rates $K v $298.3K q/q