Session Time: Mon Sep 20 00:00:00 2010
[08:53] {Threei} A Reaffirms Q4 and 2010 forecasts
[08:54] {nemo} think tna bounces here
[08:55] {ese} morning
[08:55] {Threei} why would I want to think on Monday morning...
[08:56] {Threei} ese :)
[08:56] {nemo} dude
[08:56] {ese} dude
[08:56] {Les} someone smack the fish
[08:57] {ese} smack the fish?
[09:01] {nemo} Les can't too busy spanking the monkey
[09:02] {ese} smack the Alp Horn then?
[09:02] {dino} gm all
[09:02] {Threei} dino :)
[09:03] {_daviddrosenfeld} can't find glossary of terms? e.g. |, sm, etc...
[09:03] {ese} dino
[09:04] {Threei} david... not official terms, just personal abbreviations... l = long, s =sharot, sm = small size, hl = half lot
[09:05] {Threei} sharot = short
[09:06] {nemo} eqzaktly=exactly
[09:06] {Threei} korreqt
[09:06] {dino} :D
[09:06] {nemo} =correct
[09:06] {_daviddrosenfeld} tankks
[09:07] {nemo} corrupted already
[09:07] {Threei} lol quick learner
[09:07] {nemo} brownnoser
[09:07] {Threei} sorry, I meant to say kwik
[09:07] {nemo} It's Monday, yur xkused
[09:09] {nemo} X DB?
[09:09] {nemo} FCX DB ?
[09:10] {Les} it's disgusting how we think alike Nemo.
06[09:10] * nemo where's my sig
[09:10] {nemo} ?
[09:10] {Les} But you dare to say what I know not to in this room
[09:10] {Threei} not sure about DBs
[09:10] {Threei} BOP looks like breakdown
[09:10] {Threei} BP, sorry
[09:10] {Threei} .15 support to break
[09:11] {nemo} 200 ma might serve as support
[09:12] {dino} fcx upgraded by gs nemo
[09:12] {strider} .22 or so is stop?
[09:12] {nemo} ty dino
[09:13] {strider} or give it .10?
[09:14] {strider} i.e., stop .25?
[09:14] {Threei} probably... pre-market is much less reliable
[09:20] {Threei} GR) Fitch: Greece is barely holding on to an investment grade rating; not planning any ratings moves until the end of October
[09:20] {Threei} - Greece has been taking the correct steps, but these may not even be enough.
[09:21] {Les} that's funny - Goldman is recommending going long on thirty year Greek Bonds
[09:22] {dino} must have a bunch to sell
[09:27] {nemo} fcx triple bottom
[09:27] {strider} triple bottom = double top
[09:28] {nemo} ?
[09:28] {Threei} OK, let's see what we can find but don't press hard right away
[09:28] {jfjf64} mornin all
[09:28] {Threei} monday mornings tend to be a bit drunken and shapeless
[09:28] {Threei} jf :)
[09:29] {Les} drunken and shapeless - good term for showing up to work after the weekend.
[09:32] {dino} ip
[09:32] {Threei} Long Setup: LVS .20 reak half lot
[09:32] {Threei} if stays above .15 for scalpers, .10 for day traders
[09:33] {nemo} spy at 50 ma
[09:34] {Threei} invalidated, watching for better entry
[09:34] {nemo} dino ip breaks below .28 gap at .75 then .25
[09:35] {Threei} Long Setup: RIMM 46 break half lot
[09:35] {Threei} if holding .90
[09:35] {Threei} lol
[09:35] {jfjf64} hmm
[09:36] {Threei} first entry was too fast to get, second weas invalidated
[09:36] {Threei} not sure about third, let's skip it
[09:36] {ese} has a very good Q last week and it tanks......
[09:36] {ese} hmmmmmmm one has to wonder
[09:37] {ese} more people buying iphones than blackberys
[09:38] {Threei} Long Setup: CAT .35 break half lot
[09:38] {Threei} if stays above .25
[09:38] {Threei} .20 for day traders
[09:40] {Threei} decision moment for the market
[09:40] {Threei} either flag and bounce, or breakdown
[09:40] {Threei} bounce it seems
[09:41] {nemo} cat might be putting a db at .23
[09:41] {Threei} Long Setup: LVS .95 break
[09:41] {Threei} if stays above .85
[09:41] {ese} l fitb .32
[09:42] {Threei} not yet LVS
[09:42] {nemo} tried to get .86
[09:43] {jfjf64} apple
[09:43] {jfjf64} movin
[09:43] {nemo} bidu also
[09:43] {jfjf64} lvs
[09:43] {Threei} RIMM is beyond miserable
[09:44] {Les} it certainly ain't drunk and shapeless :)
[09:45] {Threei} (US) Preview: Sept Housing Market Index due out at 10:00ET
[09:45] {Threei} *Consensus expectation: 14e v 13 prior
[09:45] {Threei} - Estimates range between 12-15
[09:45] {Threei} - Aug reading of 13 was the lowest since March 2009
[09:46] {jfjf64} x break down
[09:46] {nemo} spy pivot 112.60
[09:46] {jfjf64} coming
[09:46] {jfjf64} imo
[09:46] {nemo} ip holding
[09:48] {jfjf64} lvs
[09:48] {Les} lvs. 90?
[09:48] {Threei} Long Setup: FCX 82 break half lot
[09:48] {Threei} if stays above .85
[09:48] {Threei} not sure LVS
[09:49] {Threei} FCX 1:1
[09:49] {Threei} half out .19
[09:49] {Threei} scalpers be happy
[09:50] {jfjf64} today yes
[09:50] {jfjf64} ty
[09:50] {jfjf64} me happy
[09:50] {Threei} I want 1:2
[09:51] {nemo} in rig .05
[09:51] {Threei} here it is
[09:51] {Threei} close enough
[09:52] {Threei} out .29
[09:52] {nemo} 1/2 out .15
[09:53] {nemo} stopped 2nd half
[09:54] {Threei} LVS is very meek
[09:54] {Threei} trying to recover but no drive
[09:54] {Threei} staying away for now
[09:55] {jfjf64} feel break down rimm
[09:55] {Les} and the stock stars change again. AIG is but a ghost of its former self
[09:55] {jfjf64} .70
[09:55] {jfjf64} break
[09:56] {Threei} OGXI Journal of Clinical Onology reports positive data on Randomized Phase II Study of Docetaxel and Prednisone With or Without OGX-011 in Patients With Metastatic Castration-Resistant Prostate Cancer
[09:56] {Threei} Short Setup: RIG .90 half lot
[09:57] {nemo} .90 or .99?
[09:57] {Les} good call jf
[09:57] {Threei} .90
[09:57] {jfjf64} ty les
[09:57] {Threei} if stays under 60.05
[09:58] {Threei} salmon
[09:58] {Threei} stays near low while market bounces to the high end of the range
[09:58] {nemo} two way vad?
[09:58] {Threei} I guess...
[09:58] {Threei} I like shirt more
[09:58] {Threei} short
[09:58] {nemo} definite maybe
[09:58] {Threei} yeah
[09:59] {nemo} db on bidu?
[09:59] {Threei} formally long is right if triggers but my heart in not into it
[10:00] {ese} L qcom .81
[10:00] {nemo} oh, DT on bidu, sorry
[10:00] {Les} rig support .76 pivot
[10:01] {Threei} that's where our 1;1 is
[10:01] {Les} yeh
[10:01] {Threei} *(US) NAHB HOUSING MARKET INDEX: 13 V 14E
[10:01] {Threei} 1:1
[10:02] {Threei} 1:2, me out
[10:02] {_daviddrosenfeld} out rig .75
[10:03] {Les} great salmon run
[10:06] {Threei} wow
[10:06] {Threei} wehat was that
[10:06] {Threei} no news that I see
[10:06] {Les} simon says up
[10:06] {Threei} did we cover RIG in time or what
[10:07] {nemo} 113.20 spy resistnce
[10:07] {Threei} notice, LVS stays near lows
[10:07] {Threei} I don't see clear short setup on it yet but watching for one
[10:07] {nemo} and just about to break range...jailbreak
[10:07] {Les} .28 previous high of this range spy. just broken
[10:08] {Les} yeh
[10:08] {Threei} poor bears
[10:08] {Threei} no let-up
[10:08] {Threei} guys, just a reminder while I myself remember
[10:09] {Threei} I am off Wed-Fri for the seminar in LV
[10:09] {nemo} Vad's leaving us
[10:09] {nemo} sniff
[10:09] {nemo} sniff
[10:09] {Threei} surely you can manage three days without me
[10:11] {Threei} amazingly, no news for this run
[10:13] {Les} rig 60 break?
[10:13] {jfjf64} lvs ready ?
[10:13] {nemo} too late
[10:13] {jfjf64} long
[10:14] {Threei} no
[10:14] {Threei} I don't like LVS long
[10:14] {jfjf64} ty
[10:15] {jfjf64} .95 break short
[10:15] {jfjf64} market help
[10:16] {ese} out qcom .02 +.21
[10:16] {Threei} I'd just leave it well aslone for now
[10:16] {Threei} let it break out of coma
[10:16] {jfjf64} exactly
[10:16] {nemo} round 2
[10:16] {jfjf64} yup
[10:17] {nemo} spy goes at least to .57
[10:17] {jfjf64} gold stocks rippin again
[10:17] {Threei} ARNA... mama mia
[10:18] {nemo} short rimm
[10:18] {Threei} probably, yex
[10:18] {Threei} .90 break
[10:18] {Threei} half lot
[10:18] {Threei} stop above 46
[10:20] {Threei} no go
[10:21] {nemo} spy .57 coming
[10:22] {dino} .
[10:23] {nemo} things should calm down here
[10:27] {Threei} RIMM rinse
[10:27] {nemo} yeah
[10:28] {nemo} BIDU basing
[10:33] {Threei} NBER officially declares recession ended in June 2009
[10:33] {Threei} oh good
[10:35] {nemo} BIDU break .60?
[10:35] {nemo} or short below .50?
[10:35] {Threei} - Notes it was longest recession in post WWII Era.
[10:35] {Threei} - Declares that any future recession would be a new recession and not a continuation of the one that started in Dec 2007 (i.e. no more chance of an official "double dip')
[10:35] {nemo} well, break .59
[10:35] {dino} reassuring, lol
[10:36] {Threei} looks to be two-sided one, BIDU
[10:36] {Threei} valid both ways
[10:36] {nemo} yep
[10:36] {Threei} this is pure idiocy
[10:36] {Threei} semantics whether it's a double dip or new recession
[10:36] {Threei} who cares
[10:37] {jfjf64} exactly
[10:37] {jfjf64} who cares
[10:37] {nemo} mmmhhh, long spikes of support at .44
[10:37] {jfjf64} all dopes
[10:39] {nemo} .60 offers gone
[10:41] {Threei} World Trade Organization (WTO): Sees 2010 trade growth at 13.5% (up from 10% prior forecast)
[10:41] {Threei} - Seeing faster than expected recovery in global trade after 12.2% contraction in 2009.
[10:44] {nemo} IP
[10:46] {dino} ip, pkg, tin
[10:47] {dino} rkt too
[10:47] {nemo} in ip .61
[10:49] {dino} sm s tdc .75
[10:52] {dino} open not keeping pace
[10:53] {dino} tdc bstop is .02
[10:54] {dino} rkt sm l .00 stop .73
[10:56] {RonS} O tv?
[10:57] {Threei} not on CNN
[10:58] {Threei} Long Setup: CAT 74 break
[10:58] {nemo} spy likely going to 92
[10:58] {Threei} if stays above .90
[11:03] {Threei} invalidated
[11:06] {nemo} fcx
[11:07] {nemo} 1/2 out ip .72
[11:08] {nemo} 1/4 more .80
[11:08] {dino} tdc stopped
[11:08] {nemo} stop is .67
[11:10] {nemo} stop is .70
[11:14] {nemo} sayonara ip
[11:15] {RonS} sm s whr 78.28
[11:17] {RonS} ...hearing O town hall at noon edt cnbc
[11:17] {dino} y
[11:18] {dino} whr sm s .05
[11:19] {patience} p-]\=\
[11:19] {patience} sorry, 10 week old puppy on the keyboard
[11:19] {RonS} lol
[11:20] {Threei} lol
[11:20] {dino} cree drop
[11:20] {RonS} ...was gonna ask 3i for the russian translation...
[11:21] {Threei} I speak puppyish not
[11:22] {RonS} ya, i only speak doggerel...
[11:23] {nemo} mistake on IP, didn't set stop on trend line
[11:25] {nemo} cat short?
[11:25] {Threei} really can't tell
[11:26] {Threei} everything is 50/50 here
[11:28] {dino} whr cov/stop -.26
[11:31] {RonS} out whr .48 -.20
[11:32] {RonS} tectonic shift in the market...the O tv short stops working...
[11:33] {Threei} Long Setup: RIMM .50 break
[11:33] {dino} no fear
[11:34] {Threei} stop under .40
[11:35] {RonS} market just determined he is a lame duck...
[11:38] {RonS} ...local health insurers here prepping to jack rates 20-30%...Ocare cause...
[11:39] {RonS} dropping individual child policies altogether...
[11:41] {Threei} no go RIMM
[11:44] {Threei} Short Setup: CAT .80 break
[11:44] {Threei} if stays below .90
[11:45] {Threei} invalidated
[11:45] {Threei} morning was atypical Monday - typical takes over now
[11:49] {nemo} any opinions on BIDU forming a bull flag?
[11:51] {Les} APOL .50 break?
[11:52] {Threei} I doubt it
[11:52] {Threei} well, chart looks right but right-looking charts pretty much stopped working last couple hours
[11:52] {nemo} it would be least expected for breaks to work at lunch after a runup
[11:54] {Les} hmm given possibility of index rollover, might make a good fade
[12:11] {dino} skx l .50
[12:17] {nemo} in tna .31
[12:18] {dino} skx to .62
[12:18] {strider} long?
[12:18] {nemo} yeah
[12:18] {nemo} stop .24
[12:19] {nemo} think I might be a tad early
[12:19] {dino} to .69 skx
[12:21] {Threei} wow
[12:21] {Threei} didn't expect this:
[12:21] {dino} to .72
[12:21] {Threei} 52% of Voters Say Their Views Are More Like Palins Than Obamas
[12:21] {dino} not surprised
[12:21] {nemo} cat at 200ma
[12:22] {Threei} 61% Favor Repeal of Health Care Law
[12:22] {Threei} this number is growing
[12:22] {Threei} ominous sign for dems
[12:24] {dino} out skx .80, reverse slip, +.30
[12:24] {nemo} 1/2 out .36
[12:29] {Threei} TNA works
[12:29] {Threei} nice
[12:29] {Threei} RIMM stays near low
[12:31] {nemo} stepped away...took me out at .42
[12:31] {Threei} :)
[12:32] {Threei} INFN Strength partly attributed to takeover chatter circulating
[12:33] {dino} gj
[12:34] {dino} nemo, open thoughts
[12:34] {nemo} on what dino
[12:34] {nemo} ?
[12:34] {dino} open
[12:35] {nemo} you really want to know what's on my mind?
[12:35] {dino} symbol o p e n
[12:35] {dino} like whos on first
[12:36] {nemo} trend line break long, vwap is .88 and 200 right below, good stops
[12:37] {strider} RIMM breaks
[12:41] {Threei} Short Setup: RIMM 45 break
[12:41] {Threei} if stays under .05
[12:42] {Threei} no need to say, invalidated
[12:42] {nemo} what, we on skype?
[12:42] {strider} OK. Won't say it.
[12:43] {nemo} bidu new high
[12:43] {dino} rkt l .75
[12:45] {Threei} quite a few sudden and unreadable moves today
[12:46] {Threei} this RIMM spike out of nowhere for instance
[12:46] {dino} had 3 rinses earlier
[12:46] {nemo} rimm spike short here?
[12:46] {Threei} no idea
[12:49] {Threei} this kind of spike can easily take a breather, then continue
[12:54] {dino} rkt to .87
[12:57] {dino} rkt slipped out .84, +.09
[12:59] {Threei} yawn
[13:03] {i2r} i've finally adjusted to the yawn and I quite like it, as oppose to wanting to be in the market all the time
[13:03] {Threei} good
[13:03] {Threei} no need to push when there is nothing readable
[13:04] {strider} Just get yourself a good yawn chair.
[13:04] {Threei} skill to do nothing is just as important as skill to do something
[13:04] {i2r} that's what I'm learning :), seems to work.
[13:05] {strider} Had this skill all my life. Only just recently learned that there is a job fits it.
[13:05] {nemo} union?
[13:05] {RonS} ...been trying to convince my wife of that my whole marriage
[13:05] {strider} And she says.........show me the money.
[13:05] {dino} lol
[13:06] {strider} Yes, nemo. Sitting in my yawn chair in my union suit.
[13:07] {nemo} rim creating wedge
[13:07] {nemo} rimm
[13:07] {Threei} (CH) US President Obama: CHina has not done all it can do on Yuan currency; US will look to enforce more trade laws than it has in the past (related USD/CNY FXI EUR/CNY EUR/USD TRADEX )
[13:08] {RonS} ...great..."let's have a trade war"
[13:08] {dino} cree l .48
[13:08] {RonS} ...and really repeat the 1930'3...
[13:08] {dino} history rymes
[13:09] {RonS} idiots come in all forms and flavors
[13:09] {Threei} why not... he openly stated he believe in FDR's way to finght off the recession
[13:09] {nemo} leave Les alone
[13:10] {nemo} rimm
[13:10] {RonS} ya know, FDR spent money on real infrstructure...not pure pork...
[13:10] {Threei} as far as getting out of depression it still didn't work
[13:11] {RonS} true
[13:11] {Threei} and in this today's version we get no benefit of either
[13:11] {RonS} ture
[13:11] {RonS} true
[13:11] {Threei} recession isn't fought off, and no benefit of better infrastructure
[13:11] {Threei} but the hole is being dug deeper
[13:11] {Threei} and private capital is being pushed out
[13:17] {nemo} caught tn .46 .54
[13:17] {nemo} tna
[13:18] {Les} oh and here I thought I was invited to the conversation Nemo
[13:19] {nemo} ?
[13:19] {nemo} scalpers regret....
[13:22] {nemo} fcx might be too
[13:27] {Les} 19:10 nemo leave Les alone
[13:28] {dino} cree to .60
[13:28] {nemo} oh
[13:29] {nemo} that was in response too: nevermind
[13:29] {nemo} to
[13:29] {dino} to .65
[13:30] {dino} out cree .67, +.19
[13:31] {nemo} damn missed clf breaking out of range
[13:35] {strider} BP hod
[13:36] {Les} x
[13:36] {strider} RIMM held on last selloff
[13:36] {strider} of spy
[13:37] {nemo} break of .55 or short under .45 X?
[13:38] {Threei} looks like long is it
[13:38] {strider} yesterday gap to 46
[13:43] {dino} stri
[13:44] {strider} no news here
[13:46] {Threei} not since Aug 11
[13:46] {nemo} jeez bidu
[13:47] {dino} l .75
[13:47] {kowboy} s ew .89 stop .02
[13:49] {Les} x was short. wasn't looking for that. but never made long setup either.
[13:51] {Threei} nice one kowboy
[13:52] {Threei} President Obama: - Notes that the administration will look into a suspension of the payroll tax, anything that will work.
[13:53] {dino} yeah right
[13:53] {dino} out stri .87, +.12
[13:53] {RonS} gj
[13:54] {kowboy} out + .17 and +.07
[13:55] {dino} gjk ty
[13:55] {dino} gj
[13:55] {kowboy} ty
[14:03] {i2r} triple top on rimm
[14:05] {Threei} hate all these rinses but I must do this:
[14:05] {Threei} Long Setup: EW 55 break
[14:05] {Threei} half lot of course
[14:10] {Threei} let's modify it
[14:10] {Threei} see big ARCA offer at .90?
[14:10] {Threei} taking it out is long entry signal
[14:10] {i2r} ok
[14:18] {kowboy} arca large at .87
[14:18] {Threei} and .90
[14:19] {kowboy} ty
[14:21] {dino} stri l .65
[14:23] {nemo} jumped my .93
[14:24] {Threei} let's sell half near 55
[14:24] {nemo} where'd you buy?
[14:24] {Threei} last shares at .90 when it scrolled fast
[14:25] {nemo} ahhh, didn't do the old mouse scroll over
[14:25] {Threei} second half stopped .88
[14:25] {Threei} oh well
[14:30] {strider} CAT
[14:31] {nemo} either long break of 74 or short if it can't get by
[14:31] {nemo} spy looks like it wants 114
[14:31] {nemo} I guess that's a big "duh!"
[14:34] {nemo} Frickin' hoover dam at 74
[14:35] {dino} stri to .97
[14:36] {dino} out .985 ave, +.335
[14:36] {kowboy} gjd
[14:37] {dino} ty
[14:41] {nemo} wedge on bidu
[14:42] {strider} GE new hod
[14:43] {nemo} bidu didn't break strongly
[14:46] {dino} vit
[14:49] {dino} pbh
[14:52] {jfjf64} been gone while how was afternoon
[14:52] {nemo} slow
[14:53] {Threei} there was no one jf
[14:53] {jfjf64} cat
[14:53] {nemo} duh
[14:53] {dino} was good for me jf
[14:53] {jfjf64} duh
[14:54] {nemo} [14:29] {strider} CAT
[14:54] {strider} been sitting on .95 ever since.
[14:54] {dino} thars what cats do, sleep
[14:55] {jfjf64} yup
[14:56] {nemo} 1/2 out .12
[14:57] {dino} gj
[14:57] {nemo} getting the shares was the trick thanks 3i
[14:58] {strider} out CAT +.15, +.20
[14:58] {strider} got .21 on last half.
[14:59] {strider} hod
[14:59] {nemo} bastid
[15:00] {jfjf64} hey
[15:00] {strider} fixing a turkey, nemo?
[15:00] {nemo} ?
[15:00] {strider} basted
[15:00] {nemo} ahhhhh
[15:00] {jfjf64} got to go slow with him strider
[15:01] {strider} I know. It's sad.
[15:01] {jfjf64} lol
[15:02] {nemo} 1/4 more sitting at .22 just to bust strider
[15:03] {jfjf64} somebody buyin mgm all day
[15:04] {nemo} heheheheh
[15:04] {jfjf64} sick man
[15:04] {nemo} thank you jf
[15:04] {strider} darn. got me. now I got low self-steam.
[15:04] {jfjf64} welcome
[15:05] {nemo} but plenty of gas
[15:05] {strider} flex fuel here.
[15:05] {nemo} stop under .15
[15:06] {nemo} strider with an exhaust pipe....ewwwwww
[15:06] {strider} even lower self-steam.
[15:07] {gregns} rimm breakdown .20 ?
[15:08] {Threei} I guess
[15:09] {nemo} out last quarter cat .22
[15:14] {dino} gj
[15:14] {nemo} ty
[15:25] {RonS} profit taking or full blown squeeze into close?
[15:26] {Threei} my feeling is, squeeze
[15:26] {nemo} spy wants .50
[15:27] {dino} fed tomprrow
[15:27] {dino} tomorrow
[15:30] {Threei} lol... theybecame so irrelevant, I forgot abput them
[15:30] {Threei} you are right, FOMC tomorrow
[15:35] {dino} back in ten
[15:35] {nemo} cat .50
[15:35] {Threei} Tesla Motors UAW President: Open to represent workers in the Tesla plants; confident UAW will represent Fisker Automotive workers
[15:35] {Threei} - UAW notes it plans on meeting with Fiat's CEO in the next week; aiming for Fiat to place Fiat suppliers in the US
[15:35] {Threei} lol
[15:36] {Threei} UAW: we killed GM and Chrusler, nearly killed F, who is thins new kid on the block we haven;t killed yet? Come in TSLA., let's talk
[15:36] {Threei} said carpenter to oyster
[15:37] {Threei} or was it walrus
[15:40] {Threei} here comes squeeze
[15:41] {nemo} spy wants .50
[15:41] {strider} Squeeze me on up, market.
[15:55] {RonS} 3i...correct in spades as usual...
[15:55] {Threei} me is?
[15:55] {Threei} oops... I mean t, I are?
[15:57] {nemo} ehhh...114.46....that close enough?
[15:58] {Threei} very
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {nemo} gnite
[15:58] {Threei} see you tomorrow
[15:58] {RonS} for horseshoes?
[15:58] {nemo} hand grenades
[16:00] {dino} later all and thx
