Wednesday, September 8, 2010

Sep 08 2010

Very strong day with practically all trades working. It was hard to even pick among them, so I'll post the one that worked the fastest. There were a few more good ones, on RIMM, LVS etc

Session Time: Wed Sep 08 00:00:00 2010
[08:51] {dino} gm all
[08:51] {nemo} dino
[08:51] {Threei}  morning dino
[08:52] {Les} dino
[08:56] {dino} :D
[08:56] {Threei}  (IR) Reportedly Irish govt to issue statement later today on Anglo Irish bank
[08:56] {Threei}  - REMINDER: on 9/3, Irish media reported PM Cowen said the resolution of Anglo Irish Bank may cost more than 70B.
[08:59] {KSystems} morning!
[09:00] {Threei}  ks :)
[09:00] {nemo} whoa...Ach du lieber Gott...Wie geht's Herrn K?
[09:00] {Threei}  Third interest rate hike since the BOC embarked on a tightening path starting back in June 2010 for a culmulative total of 75bps in hikes
[09:00] {Threei}  - Canada became the first G7 member to tighten interest rates since the financial crisis began in 2008
[09:03] {KSystems} hey nemo :)
[09:04] {ese} morning
[09:04] {Threei}  ese :)
[09:04] {nemo} dude
[09:04] {ese} dude
[09:04] {ese} sorry had to leave you all abruptly yesterday....staff meeting first day back at school
[09:07] {dino} when do you graduate, ese?
[09:07] {nemo} rotfl
[09:07] {dino} :)
[09:07] {ese} ha ha ha ha.......thats right thats all go ahead and have a laugh........sheesh
[09:08] {nemo} would you rather he ask when you retire?
[09:08] {ese} and ahhhhhhhhhh i graduate next year
[09:08] {nemo} old man
[09:08] {ese} rotflol
[09:09] {ese} ahhhhhhh    i needed that...... a good laughing slap to get me going
[09:12] {dino} lol
[09:13] {RonS} gm comics and schoolgoers
[09:13] {ese} ron
[09:13] {nemo} don't forget Les, Ron
[09:14] {ese} deees guys ayre tying ta make fun a me edgeea cation ehh
[09:16] {ese} zygen bought by BMY
[09:16] {ese} zgen
[09:18] {dino} slab blood
[09:18] {Threei}  RIG Co states the BP report ignores fatally flawed gulf well design
06[09:19] * Les slaps Nemo around with a big concrete "what am I?" panel
[09:19] {Threei}  - Says own investigations continuing, still waiting for critical data from BP.
[09:19] {nemo} I think your mother was asking that question about you whe you were born
[09:19] {Threei}  Ron :)
[09:19] {Les} frikin Laser. Where is Trev for me to slap around?
[09:19] {nemo} call laser dave
[09:20] {Les} will do
[09:24] {Les} uh, Dave doesn't offer glad tidings
[09:24] {Les} no account. some sort of changes happening
[09:25] {Les} guess I'm watching
[09:25] {nemo} I thought that was just us in the U.S.
[09:25] {Les} here too
[09:26] {Les} asked me if I wanted to be group leader too.
[09:26] {Les} I specifically asked for control of Nemo's account
[09:26] {Les} done deal if that was ok'd
[09:26] {Threei}  jf has serious troubles finding the door
[09:26] {nemo} lol
[09:27] {nemo} gives whole new meaning to "inmates running the asylum"
[09:29] {jfjf64} whats going on  with  mibbitt
[09:29] {jfjf64} mornin all
[09:29] {nemo} I cancelled your account
[09:30] {jfjf64} after  yest  i  cancelled my own account
[09:30] {jfjf64} lol
[09:30] {strider} morning
[09:30] {Threei}  jf, strider :)
[09:32] {ese} mibbit is fine....still wants you to stop wasting money on dating sites
[09:32] {nemo} thought that was his wife
[09:32] {Les} hehehe
[09:33] {Threei} Short Setup: LVS  .40 break
[09:33] {Threei}  too fast?
[09:33] {nemo} understatement
[09:33] {jfjf64} hmm
[09:34] {jfjf64} bp
[09:34] {jfjf64} .43
[09:34] {jfjf64} breakl
[09:34] {nemo} long?
[09:35] {jfjf64} yes
[09:36] {nemo} close to 1:1
[09:37] {Threei}  watching GLD for long entry on pullback
[09:39] {Threei}  GOOG Hearing Goldman Sachs making cautious comments; sees impact from upcoming completion of Yahoo/MSFT search deal (timing uncertain) (465.39, +0.99, 0.21%) (related YHOO MSFT )
[09:42] {Threei} Long Setup:  TZA  .20 break
[09:42] {Threei}  if stays above .10
[09:43] {Threei}  invalidated
[09:43] {ese} L fitb .51
[09:45] {nemo} spy just broke yeterday range
[09:46] {dino} s/p gap 1104
[09:47] {Threei} Long Setup:  LVS  .45 break
[09:47] {Threei}  if stays above .35
[09:50] {dino} cree
[09:50] {nemo} whoa rinny
[09:50] {Threei} Long Setup:  BP  .45 break
[09:51] {Threei}  if stays above .40
[09:51] {dino} sm l .71
[09:51] {dino} cree
[09:52] {nemo} 've got no support until51.90 and then 51
[09:52] {dino} stopped
[09:53] {Threei} Long Setup:  RIMM  .60 break
[09:54] {Threei}  let's modify RIMM
[09:54] {dino} veco
[09:54] {nemo} .55 break
[09:55] {Threei}  .53 long
[09:55] {Threei}  aggressive
[09:55] {Threei}  .45 stop
[09:55] {Threei}  half out
[09:56] {Threei}  BP doesn't look right
[09:56] {Threei}  1/4 more out RIMM
[09:59] {dino} sm l cree .80
[09:59] {Threei}  GLD sharp selling
[09:59] {Threei}  out RIMM in full
[09:59] {Threei}  +.30
[09:59] {jfjf64} rimm yahooooooooooooo
[09:59] {jfjf64} ty
[09:59] {jfjf64} ty
[10:00] {Threei}  yw
[10:00] {Threei}  yw
[10:00] {jfjf64} what up aig
[10:00] {jfjf64} beast
[10:01] {Threei}  no news
[10:03] {dino} ipo in china or something
[10:04] {Threei}  hey
[10:04] {Threei}  that's great idea
[10:05] {Threei}  how else are we going to win competition woth China but export our banking industry to them?
[10:06] {Threei}  LVS is reestabliashed
[10:06] {Threei}  same setup
[10:07] {Threei}  invalidated again
[10:07] {Threei}  GLD bothers me
[10:08] {Threei}  want to short it
[10:08] {Threei}  would prefer to find entry closer to 123
[10:14] {Threei}  ELON Ticks higher on chatter of a significant order (8.59, +0.18, 2.14%)
[10:18] {Les} GLD short played out nicely. .89 entry on that shooting star
[10:18] {Les} would have been sweet
[10:19] {ese} hmmmm talk about being SLAB "ed" down -3.21
[10:21] {Threei} Short Setup: RIMM  .80 break
[10:22] {jfjf64} hold .90
[10:24] {Threei}  yup
[10:25] {Threei}  invalidated but
[10:25] {Threei}  if market dives sharply, I'd try to modify it
[10:25] {Threei}  .90 break short
[10:25] {Threei}  if stays under 45
[10:25] {strider} NYT
[10:26] {Threei}  watch Qs though
[10:26] {Threei}  NYT news
[10:26] {Threei}  The New York Times Co Hearing renewed chatter of going private offer from holder Carlos Slim
[10:26] {Threei}  - Reminder: Slim denied interest in taking NYT private in March after raising his stake to over 16%.
[10:26] {nemo} spys continue that slow ascent
[10:26] {Threei}  or double top
[10:27] {Threei}  hard to tell really
[10:27] {nemo} riding the trendline perfectly
[10:31] {Threei} Short Setup: GLD  .70 break
[10:31] {Threei}  let's do half lot
[10:32] {Threei}  can be unpleasantly volatile sometimes
[10:34] {Threei}  invalidated
[10:36] {Threei}  LVS finally triggered that break and worked but in a manner I wasn't enchanted with
[10:36] {jfjf64} my thoughts exaktly
[10:37] {nemo} spy's gonna creep until they close the gap at least
[10:37] {dino} casc sm ave .35 l
[10:37] {dino} v thin
[10:38] {nemo} dino...cree...
[10:39] {ese} out fitb 1/2 .64 +.13   remaining 4k to break even
[10:40] {nemo} think it goes to 51
[10:40] {dino} yes, strike games imo
[10:41] {dino} was down 2 yesterday too
[10:41] {ese} on casc or cree dino
[10:41] {nemo} cree
[10:41] {nemo} old man
[10:41] {ese} lol
[10:41] {dino} cree
[10:41] {nemo} you ain't done gradumicated yet?
[10:41] {dino} led's all down, aixg, cree, veco
[10:42] {ese} nahhhh just get eh  biter an edgeea cation so fer
[10:44] {ese} BUT!!!   had i had vads education in de markets a long time ago.....i'd be far better off fer sure
[10:44] {nemo} did yur daddy marry his sister?
[10:44] {ese} hmmmmmmmm not sure how i should answear that
[10:47] {ese} fitb you scurvy dog.....get up there
[10:47] {nemo} give it an orange
[10:48] {ese} glaciers melt faster than this goes up
[10:49] {ese} classic move in slab dino....
[10:50] {ese} did you consider that one
[10:50] {nemo} first thing this morning
[10:50] {ese} anybody do anything
[10:50] {RonS} dndn
[10:50] {Threei} Short Setup: MOS  .75 break
[10:50] {Threei}  half lot
[10:50] {dino} yes, thought it would drop further
[10:50] {dino} bad report
[10:51] {ese} ya saw that......i didn't think it would bounce like it has
[10:52] {Threei}  1:1, cover half
[10:53] {Threei}  scalpers be happy
[10:54] {Threei}  ENER Hearing chatter company could receive an investment from a large firm
[10:54] {Threei}  - Intel rumored as the interested investor.
[10:55] {ese} good one chief
[10:56] {Threei}  GS Ticks higher on CNBC report Goldman could sell principle strategies unit (149.09, +3.88, 2.67%)
[11:01] {nemo} cree dino
[11:01] {nemo} thinking .04
[11:02] {dino} thinking 50.80s
[11:02] {nemo} why
[11:02] {nemo} ?
[11:03] {dino} want to hit 50s for strikes
[11:05] {Threei}  GS reactions on this kind of news are quite violent
[11:05] {jfjf64} cree looks  lk lower
[11:08] {dino} 50.25 i wait
[11:26] {Threei}  guys, anyone of US-based Laser users willing to answer some questions newer trader has about opening an account?
[11:26] {jfjf64} no
[11:26] {jfjf64} lol
[11:26] {nemo} yeah sure....have him deposit $100 in my paypal account
[11:26] {Threei}  understandably, considering you are not Lasre user {G} :
[11:26] {jfjf64} same here
[11:34] {Les} 50.80 it was
[11:34] {nemo} .67, but why quibble about .13 cents
[11:34] {RonS} ya I tried 50.60 and missed by .07...
[11:35] {Les} damn looking at CREE inhourly. that's a gap and a half
[11:35] {Les} what's CREE done so bad?
[11:35] {dino} feels up imo
[11:36] {RonS} may be tied to the slow down in pc and flat panel sales...
[11:42] {nemo} cree  back into support of IH&S
[11:42] {Threei} Short Setup: MOS  .50 break
[11:42] {Threei}  half lot
[11:47] {dino} or db in making
[11:47] {dino} cree that i
[11:47] {Threei}  1:1, cover half
[11:48] {Threei}  scalpers need my instructions not
[11:48] {jfjf64} ahh
[11:48] {nemo} no...just a guide to threeish
[11:48] {Threei}  jf is easily excitable...
[11:49] {jfjf64} very easily
[11:49] {nemo} probably had his phone in his pocket set on vibrate and is calling himself
[11:49] {jfjf64} nemo nemo
[11:49] {Threei}  janitor frowns
[11:49] {nemo} sorry
[11:49] {nemo} kinda' sorta'
[11:51] {RonS} great news!
[11:51] {Threei}  uh oh
[11:51] {RonS} The One on TV at 2pm edt
[11:51] {Threei}  yessss
[11:52] {Threei}  I was starting to feel withdrawal
[11:52] {Threei}  1:2 MOS
[11:54] {RonS} why would you choose to talk about the economy in a city that has lost half its population?
[11:54] {dino} why can't he stay off the tv
[11:55] {RonS} sycophant
[11:55] {RonS} meglamania
[11:55] {RonS} like sto fly in Air Force One
[12:02] {Les} I reckon Big O setting himself up as Tony Blair Jnr
[12:03] {Les} Mr nice shot principled blah blah blah looking to rake in the millions at seminars following his single term
[12:04] {Threei}  (FR) Reportedly French unions call for more protests of pension reforms on Sept 23
[12:04] {Threei}  ***Reminder: On 09/07 France's CGT union called for European wide protests for 29th Sept
[12:07] {dino} veco gap around 33.85
[12:15] {dino} veco sm l .00
[12:16] {Threei}  lvs on relentless march up
[12:20] {ese} zzzzzzzzzzzzzzzzzzzzzz ahhhhhhh hemmmmmm fitb fitb fitb.....oh ya ...i'm in's at let me see +.16 snort zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:22] {Threei}  (EU) ECB's Mersch: Euro Zone is still emerging from a "state of shock" (related EUR/USD )
[12:23] {ese} thats not the euro zone........THATS LES!!!!!!!    they need to get there stories straight
[12:23] {Threei}  lol
[12:24] {ese} fitb stop to .59
[12:25] {Les} well if that could get me fiscal stimulus ese, I'd be agreed with you
[12:25] {RonS} i thought Les was in Switzerland:  canon of shock
[12:26] {RonS} symc
[12:27] {ese} he is........just a few steps from where i want to be again....Lake Como....
[12:27] {RonS} oops...canton
[12:31] {dino} ctrp l break of .00
[12:34] {Threei}  HOFT Reports Q2 $0.11 v $0.04 y/y, R$53.4M v $46.0M y/y (11.06, +0.77, 7.48%)
[12:34] {Threei}  NYT Clarlos Slim spokesperson: KNow nothing of possible takeover chatter earlier (7.99, +0.23, 2.96%)
[12:43] {Threei}  so far, very decent day performance wise, but I am not delighted by the level of activity
[12:43] {Threei}  trades are still few and far between
[12:43] {nemo} next week
[12:43] {Threei}  yeah, volume returns gradually in September
[12:44] {Threei}  and there is one more thing
[12:44] {Threei}  have you noticed how few "independent" tardes we get lately?
[12:44] {Threei}  as in:
[12:44] {Threei}  stock moving on its own merits,
[12:44] {Threei}  not just following broad market
[12:44] {nemo} yeah...correlations are over 80%
[12:45] {Threei}  I miss that... wanmt to have woder varierty from which to choose
[12:45] {Threei}  wider
[12:45] {nemo} just find the one with the largest volatility and trade in the direction of the market
[12:46] {jfjf64} ty nemo  when ya that  one please  shout  out
[12:46] {jfjf64} find
[12:46] {nemo} I do, but I set up mirc so you can't see my calls
[12:47] {jfjf64} lol
[12:47] {nemo} and Les
[12:47] {jfjf64} gof 4 bit
[12:48] {jfjf64} god
[12:48] {nemo} ?
[13:02] {Threei}  ndirect bidders take 55% of competitive bids, with 54.7% allotted at high
[13:02] {Threei}  - 7% go to Direct bidders
[13:02] {Threei} Short Setup: LVS  .95 break
[13:02] {Threei}  if stays under 32
[13:03] {Threei}  let's try to nail low risk short entry
[13:03] {Threei}  6 cents stop is not really much to worry about
[13:03] {Threei}  auction results while not overly important seem to be taken negatively
[13:04] {Threei}  which at the day high can trigger market turn
[13:04] {jfjf64} hope 3i
[13:04] {jfjf64} lol
[13:05] {dino} veco stopped
[13:05] {Les} {------ smacks jf around a little with a barbed steel pole
[13:06] {Threei}  ndirect bidders take 55% of competitive bids, with 54.7% allotted at high
[13:06] {Threei}  - 7% go to Direct bidders
[13:06] {jfjf64} les  ya back
[13:06] {Threei}  wrong paste
[13:06] {Threei}  RESP FDA discloses 510k clearance on Continuous ventilator face mask; dated 9/2
[13:06] {jfjf64} been  so nice  with out ya
[13:06] {i2r} auction results Vad?
[13:06] {Threei}  good... that mask is my hope to look better
[13:06] {Threei}  LVS 1:1
[13:06] {Threei}  treasurys, i2r
[13:07] {i2r} k
[13:07] {Threei}  posted above
[13:07] {Threei}  covering half LVS here
[13:07] {i2r} and how did you figure the .95 entry for Short?
[13:07] {Threei}  JBE failure
[13:07] {nemo} lower high
[13:08] {nemo} you've got an H&S too i2r
[13:08] {i2r} yeah, but his entry was mentioned before it was confirmed as a lower high
[13:08] {i2r} thx Vad
[13:08] {jfjf64} feel lower
[13:08] {i2r} k nemo
[13:08] {Threei}  aggressive entry on market starting rolling over
[13:09] {Threei}  with all the advantages of aggressive entries
[13:09] {Threei}  extremely tight stop
[13:09] {Threei}  easy fill
[13:09] {Threei}  bigger profit potential
[13:09] {i2r} and how do you figure JBE? as in without the scanner
[13:09] {Threei}  and just one sjortcoming
[13:10] {Threei}  I just see it on the chart
[13:10] {Threei}  and LVS being one of usual suspects, is on the radar most of the time
[13:10] {i2r} k
[13:11] {Threei}  now, if you want any more info, you'll have to apply bright lights in my eyes, waterboarding or pentatol
[13:11] {nemo} or vodka
[13:11] {Threei}  or that
[13:11] {i2r} :)
[13:11] {nemo} pretty young women word likely work also
[13:11] {nemo} would
[13:13] {Threei}  what I like about today though,
[13:14] {nemo} not much Les?
[13:14] {Threei}  all trades that worked nicely were cookie-cutter stuff, nothing exotic
[13:14] {Threei}  good sign of patterns returning into market
[13:14] {Threei}  LVS almost 1:3, covering 1/4 more
[13:20] {nemo} cree close to low
[13:21] {RonS} ...reminding me of Dandy Don Meredith...
[13:22] {nemo} ?
[13:22] {RonS} "Turn off the lights, the party's over..."
[13:22] {nemo} ahhhhh
[13:22] {RonS} he samg that on Monday Night Football every time there was a blowout.
[13:23] {Threei}  (EU) Eurogroup's Juncker: Sanctions over EU deficits should be automatic (related EUR/GBP EUR/USD BUNDS )
[13:24] {RonS} That guy is Europe's Obama.  Has to say something every day.
[13:26] {Threei}  CREE lost last support
[13:27] {Threei}  volume spike though
[13:27] {Threei}  could signal the bottom
[13:27] {Threei}  who really really wants to hunt for it, .50 break
[13:28] {RonS} w/ the O teed up in 30 miutes?...
[13:28] {RonS} ...maybe in 40-45...
[13:29] {Threei}  this play will be over long before that
[13:29] {Threei}  providing it even triggers
[13:32] {nemo} Hey, DINO CREE!!!
[13:36] {jfjf64} nvda  5 min
[13:36] {jfjf64} looks  good  2 me
[13:36] {jfjf64} .31
[13:36] {jfjf64} thoughts 3i
[13:37] {jfjf64} not as promising know
[13:39] {Threei}  not delighted, jf
[13:41] {Threei}  good boy LVS
[13:41] {Threei}  covering last piece
[13:42] {Threei}  +.25 I think
[13:42] {jfjf64} nice vad
[13:42] {nemo} thinking?
[13:42] {jfjf64} scary
[13:42] {RonS} tza
[13:43] {dino} watching it nemo
[13:43] {RonS} imo, O on TV is the surest $$ going...
[13:44] {nemo} n tna .23
[13:44] {RonS} well as going off...but there is that Beige Book...
[13:45] {nemo} ouch
[13:45] {i2r} wow, rainfall on LVS
[13:46] {i2r} downpour, to be exact
[13:49] {Threei}  torrential
[13:49] {Threei}  wasn't that entry just perfect
[13:50] {jfjf64} wonderful
[13:50] {Threei}  (US) Preview: Fed Beige Book survey of regional economic activity to be released at 14:00ET
[13:50] {jfjf64} ifi was there i give ya a big hung
[13:51] {Threei}  thank goodness for Internet
[13:51] {jfjf64} hug
[13:51] {Threei}  I like my hungs to be virtual
[13:51] {jfjf64} nemo  must  be sleepin
[13:51] {jfjf64} no comment
[13:52] {Threei}  hugs are gender-dependent
[13:52] {nemo} I left it alone
[13:52] {jfjf64} me to
[13:52] {nemo} I'm having memories of "Full Metal Jacket"
[13:52] {jfjf64} that  lvs  trade put  me  nice  nice  4  day
[13:52] {Les} Hiiiiiiii Joooooooker
[13:52] {jfjf64} lol
[13:52] {jfjf64} gotta  hv  fun
[13:53] {jfjf64} money  comes
[13:53] {jfjf64} we know that
[13:53] {jfjf64} looks  lk  nother  break dn
[13:53] {jfjf64} lvs
[13:56] {jfjf64} battle
[13:56] {jfjf64} in .55
[13:56] {nemo} beige book
[13:57] {Threei}  (US) US President Obama reiterates view that Bush tax cuts should be not extended for those families earning in excess of $250K/year (related TLT SHY IEF EUR/USD USD/JPY )
[13:59] {nemo} must be market friendly news
[14:00] {RonS} out lvs .48   thanks 3i
[14:01] {Threei}  very nice hold
[14:01] {Threei}  wtg
[14:02] {dino} gj
[14:02] {RonS} cree going to lose 50...
[14:03] {nemo} I don't have support until 48.40 for cree, but can't get less tha daily data back then
[14:06] {Les} outta here
[14:06] {jfjf64} die  lvs
[14:06] {Les} nice charts, nice trades. looking forward to getting back in
[14:06] {Les} ciao
[14:06] {jfjf64} you  in   we  out
[14:06] {RonS} cya Les
[14:06] {Les} piss of jf
[14:07] {Les} ;)
[14:07] {jfjf64} ty
[14:07] {jfjf64} cant  wait  4  ya  to  get  back
[14:09] {Threei}  RIMM AT&T Exec: Surprised at slow pace of adoption of BlackBerry Torch; seeing "tremendous momentum" for Android OS - conf comments (45.08, +0.69, 1.55%) (related GOOG AAPL MOT NOK SNE )
[14:11] {RonS} ...hearing O talkin "hope" again...
[14:12] {jfjf64} bobo  loves  talkin  hope
[14:12] {RonS} ...must mean he hopes he can fool the idiots again...
[14:12] {nemo} by definition, he can, that's why they're called idiots
[14:12] {Threei}  wow
[14:12] {Threei}  WOW
[14:13] {dino} hope doesn't cut it. he needs an economics course
[14:13] {Threei}  tell me I didn't hear this
[14:13] {Threei}  read it twice:
[14:13] {Threei}  "folks were forced to put debt on their credit cards, and borow against their homes that they couldn't afford in a first place"
[14:13] {nemo} "forced"?
[14:14] {RonS} Flip Wilson logic
[14:14] {Threei}  to afford education and health care, was his context
[14:14] {jfjf64} lol
[14:14] {Threei}  but wow
[14:14] {RonS} "The devil made me do it."
[14:14] {Threei}  it's "predatory lending"
[14:15] {Threei}  this is brilliant... I need to print it out
[14:15] {Threei}  forced to borrow against home he could afford it in a first place""
[14:15] {Threei}  anyway,
[14:15] {Threei}  (US) ECB's Weber: Expecting Basel 3 to be passed this weekend
[14:17] {RonS} lol, my wife is registed democrat so we can see their propoganda.  I have the email come to me.  They just sent out a "Chance to meet Prez O in NYC...
[14:17] {jfjf64} funny
[14:18] {Threei}  how much?
[14:18] {dino} never anyones' fault, in his mind
[14:18] {RonS} lottery...the $$ solicitations come later...
[14:18] {dino} and his campaign never ends
[14:21] {RonS} ...time to go long...
[14:21] {Threei}  short ETF?
[14:22] {Threei}  TZA
[14:22] {Threei}  watching for bounce
[14:24] {nemo} tna probably going to .40 first
[14:24] {jfjf64} mgm tryin  high
[14:25] {Threei}  .15 area for TZA
[14:26] {nemo} if tna goes .40 tza goes about .10
[14:30] {dino} aixg gap filled
[14:41] {Threei}  let TZA fall farther
[14:41] {Threei}  .15 area is not a buy anymore
[14:42] {nemo} 200 ma for tna is .50 at least goes there
[14:42] {lilyd} thanks for saying that...
[14:42] {Threei}  consolidated way too long lily, invalidated that support
[14:43] {Threei}  (US) Preview: July Consumer Credit due out at 15:00ET
[14:43] {Threei}  **Consensus expectation: -$4.5Be v -$1.3B prior
[14:44] {nemo} news minefield this afternoon
[14:44] {Threei}  I don't want to push too much now
[14:45] {Threei}  we had a very nice day,
[14:45] {Threei}  market tries to determine what to do now being subjected to prez speech,
[14:45] {Threei}  new eco-numbers in 15 min,
[14:45] {Threei}  having beige book recenbtly
[14:45] {Threei}  so, I want to watch for plays with 5-6 cents stop,
[14:45] {Threei}  much like we did LVS,
[14:46] {Threei}  negligible risk for very sizeable reward
[14:47] {Threei}  some folks live in dreamworld:
[14:47] {Threei}  (US) San Francisco Fed Director of Econ Research: Odds of double dip recession is low; 2010 GDP seen at 2.5%, 3.5-4% in 2011
[14:47] {nemo} San Francisco, whaddya' expect
[14:47] {Threei}  yup
[14:47] {Threei}  then he sobered up and added:
[14:47] {Threei}  - May take years before unemployment levels stabilize, will stay above 8% to 2012
[14:48] {nemo} well, there won't be 2013
[14:49] {gregns} lol , nemo
[14:49] {dino} good point
[14:50] {Threei}  if there is no 2013, all I ask for in 2012: let me see it's a one term president
[14:51] {nemo} my goal by 2012 is to get my liver in such a condition that t sets off the metal detector at the airport
[14:51] {Threei}  setup to watch for in TZA:
[14:51] {Threei}  pullback under .10, holding above .005 and recross .10 for long entry
[14:51] {Threei}  .05 that was
[14:52] {nemo} if the report is bad enough, it will blast through .20
[14:58] {Threei}  (FR) France Fin Min Lagarde: Will not implement Base 3 rules unless the US takes part; banks must strengthen their balance sheets (related XLF IXG GLE.FR CS.FR ACA.FR )
[15:00] {Threei}  *(US) JULY CONSUMER CREDIT: -$3.6B V -$4.5BE
[15:00] {Threei}  Prior revised to -$1B from -$1.3B prior
[15:01] {RonS} ...kinda hard to believe...
[15:01] {nemo} 1/2 out tna .44
[15:01] {nemo} in 31
[15:01] {Threei}  Total consumer credit annual rate -1.8%
[15:01] {Threei}  - Revolving credit -$4.4B (22nd straight decline; longest decline on record); -6.3% annual rate.
[15:01] {Threei}  - Non Revolving credit +$B; +0.6% annual rate.
[15:01] {nemo} .31
[15:01] {Threei}  Consumer Credit has declined for 20 of the last 22 months since the beginning of the credit crisis. During this period, monthly credit has only risen in the months of Jan 2010 and Jan 2009.
[15:02] {RonS} the first number was a negative...-3.6B  ?
[15:02] {Threei}  yes
[15:03] {RonS} ok that i can believe...
[15:03] {Threei}  $3.6B V -$4.5BE
[15:06] {Threei} Long Setup:  RIMM  .20 break if stays above .10
[15:11] {dino} tsp
[15:14] {Threei}  RIMM invalidated
[15:14] {Threei}  don't want to modify it
[15:19] {nemo}  up down or meander
[15:19] {Threei}  IMO, down
[15:21] {RonS} down
[15:21] {nemo} between .45-.75
[15:22] {Threei} Long Setup:  TZA  .15 break
[15:22] {Threei}  low of this pullback will define stop placement, under .05 invalidated
[15:23] {Threei}  not a scalp, IMO
[15:23] {Threei}  half out
[15:23] {Threei}  .25
[15:24] {Threei}  offer 1/4 more around .33-.35
[15:24] {Threei}  hit
[15:24] {Threei}  last part around .43
[15:24] {Threei}  are we good today or what
06[15:24] * Threei slaps jfjf64 around a bit with a large roll of cash
[15:25] {Threei}  stop for last portion is trailed under .25
[15:26] {gregns} ty
[15:26] {Threei}  welcome sir
[15:29] {Threei}  (US) Fed's Kocherlakota: The Fed is about as accommodative as it can be presently; comparisons between the US and Japan are a bit overdone - Q
[15:29] {Threei}  yup, our cars are crap
[15:30] {Threei}  last target hit
[15:30] {Threei}  GS Fox's Gasparino disputes CNBC reporting on Goldman; sources do not expect spin off of prop trading ops to a hedge fund; instead Goldman is liquidating the prop positions (148.42, +3.21, 2.21%)
[15:33] {Threei}  you all fell asleep?
[15:33] {nemo} no
[15:33] {jfjf64} here
[15:33] {RonS} waiting for my target to hit...
[15:33] {Threei}  to bad...
[15:34] {Threei}  what's your target?
[15:34] {RonS} was .52
[15:34] {Threei}  greedy eh
[15:35] {nemo} .48 is pivot
[15:37] {RonS} ah well...still a good day...
[15:38] {Threei}  things change on a dime
[15:38] {Threei}  why wait so long this close to eod
[15:38] {RonS} feerings
[15:38] {Threei}  best thing about this trade was sheer speed with which it worked,
[15:39] {Threei}  but that's blessing and curse
[15:39] {Threei}  2 in 1
[15:42] {RonS} Rosh Hoshana and the futures rollover are going to make things difficult tomorrow
[15:43] {Threei}  let's just keep expectations low
[15:43] {Threei}  it's a shiort week, holiday
[15:43] {Threei}  short
[15:43] {Threei}  wow... look at this volatility
[15:44] {magoo} dino, u here?
[15:44] {dino} arst
[15:44] {dino} y
[15:44] {RonS} Gilbert Gotfried
[15:44] {Threei}  NYSE volume 580M shares, about 25% below its three-month average; advancers lead decliners by 2.1:1.
[15:44] {Threei}  - NASDAQ volume 1.63B shares, about 1% above its three-month average; advancers lead decliners by 1.8:1.
[15:44] {magoo} check your email before u go golfing
[15:45] {RonS} "Son of a b%*#"
[15:45] {Threei}  ARST Hearing Dealreporter making cautious comments (timing uncertain) (35.93, -1.76, -4.67%)
[15:46] {dino} ok
[15:47] {i2r} nice drop on ARST
[15:48] {magoo} ty
[15:49] {dino} np
[15:50] {dino} arst .00 l
[15:50] {dino} out .40
[15:50] {nemo} frickin' dino
[15:50] {dino} slow day for ,e
[15:50] {dino} me
[15:51] {nemo} yeah.  .40 in 03 seconds, slow
[15:51] {Threei}  lol
[15:51] {Threei}  everything's relative you know
[15:52] {i2r} I wanna know if LVS will stop dancing around and drop
[15:52] {i2r} Isn't there some bad rumor out there that could make it happen? :)
[15:53] {i2r} come to think of it, that would be a good rumor
[15:53] {Threei}  start onwe
[15:53] {Threei}  one
[15:54] {Threei}  LVS is quitting real estate and gaming business and starts producing stuffed toys
[15:54] {Threei}  full of lead paint
[15:54] {dino} casy
[15:54] {i2r} i see :)
[15:55] {Threei}  and prices them at x10 of chinese analogues
[15:56] {Threei}  US) Fed's Fisher: MBS program should be considered an 'easing bias'; expects GDP at 2% for 2H
[15:56] {Threei}  - Sees inflation at a 1% rate;
[15:56] {Threei}  - Uncertainty in the economy surrounding healthcare financial rules and taxes are affecting the economic recovery
[15:56] {Threei}  - Fiscal authorities and regulators must create conditions for growth
[15:57] {Threei}  Fed essentially says administration policies trip the recovery
[15:57] {Threei}  wow... did they have epiphany?
[15:57] {Threei}  GS FSA fine to come in at roughly $30M - BBC (147.52, +2.31, 1.59%)
[15:57] {Threei}  CASY 7 Eleven now in talks to acquire the company - WSJ
[15:59] {RonS} oh thank heaven...aren't they Japanese owned?
[15:59] {Threei}  okay guys
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a great evening
[15:59] {Threei}  see you tomorrow
[16:03] {dino} take care all