Session Time: Mon Sep 27 00:00:00 2010
[08:30] {Threei} *(US) AUG CHICAGO FED NATIONAL ACTIVITY INDEX: -0.53 V -0.50E
[08:38] {dino} gm all
[08:38] {Threei} dino :)
[08:40] {dino} welcome back 3i, tryst that you had a good trip
[08:40] {nemo} He had a tryst to?
[08:40] {nemo} too
[08:40] {Threei} ty
[08:41] {Threei} very good, except for the heat
[08:41] {Threei} vegas is not for me this time of the year
[08:42] {Threei} EUR/USD Approaches 1.35 ahead of NY equity open
[08:48] {dino} lol nemo, tryst=trust. my bad
[09:06] {Threei} (GR) Greece Fin Min Papaconstantinou: Expects growth by the end of 2011; no extension of MOU with EU and IMF
[09:07] {Threei} oh btw... if anyone is planning on visiting vegas anytime soon, fair warning:
[09:08] {Threei} whatever you do, do not talk about current president in any kind of positive terms... that'll get you in troubles quicker than attempt to cheat at the card table
[09:09] {Threei} he made very few friends in that city with his remarks about companies setting conferences in there
[09:11] {dino} he deserves that
[09:11] {Threei} couple quick impressions from this visit:
[09:12] {Threei} 1. vegas is hit very very hard... beyond anything I imagined
[09:13] {Threei} 2. the segment between Monte Carlo and Belagio, where they erected new hotels/casino/boutiques, became completely pedestrian- unfriendly
[09:13] {Threei} 3. audience is very different from what I used to see on seminars:
[09:14] {Threei} much older, no one under 30, very few under 40, a lot above 60
[09:14] {Threei} and when asked how many intend to day trade - about 90% raise their hand
[09:16] {RonS} (Reuters) - President Barack Obama said on Monday the United States must accelerate job growth, but he said the country was not experiencing a "jobless recovery" as it pulled out of a recession.
[09:16] {RonS} gm all
[09:16] {Threei} Ron :)
[09:17] {ese} morning....welcome back vad
[09:17] {Threei} hi ese, thank you
[09:18] {Threei} I was so happy to see clouds as plane approached Seattle... can't stand this relentless heat in Vegas
[09:20] {lilyd} good morning!
[09:20] {Threei} lily :)
[09:25] {Threei} I see market did a moonshot
[09:26] {jfjf64} welcme bk 3i
[09:26] {Threei} ty jf
[09:27] {jfjf64} mgm quite the mover pre mkt
[09:29] {Threei} MGM MGM China Holdings files for a proposed listing application with the Hong Kong stock exchange - filing
[09:29] {jfjf64} ty
[09:29] {Threei} 11 break looks interesting
[09:30] {Threei} and LVS break of 34
[09:31] {Threei} (EU) ECB's Trichet: Needs a system of oversight and transparency; Regulation differences with US would create issues - Q&A session (related EUR/USD EUR/GBP EUR/JPY BUNDS )
[09:31] {Threei} Long Setup: MGM 11 break
[09:32] {Threei} stop for scalpers under .95
[09:32] {Threei} day traders .90
[09:34] {Threei} Long Setup: LVS .95 break
[09:34] {Threei} if stays above .85
[09:34] {Threei} over 1:1
[09:34] {Threei} that was fast
[09:35] {Threei} 1:2
[09:37] {dino} shld drop
[09:37] {dino} ed's getting hit
[09:38] {jfjf64} rig monster
[09:38] {Threei} MGM, half out
[09:38] {Threei} .14
[09:38] {Threei} over 1:1
[09:38] {Threei} LVS 1/4 more out .25
[09:39] {Threei} MGM gave beautiful second chance entry for those who missed original break
[09:40] {jfjf64} went in 11.00
[09:40] {jfjf64} ty
[09:40] {Threei} stop to b/e MGM and to 34.10 LVS
[09:41] {Threei} done with LVS for now
[09:41] {Threei} RIG
[09:41] {Threei} interesting pullback
[09:41] {jfjf64} watchin
[09:41] {Threei} prepare smaller shares
[09:41] {Threei} quick dive under .50,
[09:41] {Threei} little base and recross
[09:41] {Threei} this is the idea
[09:42] {daviddrosenfeld} Out MGM +.11
[09:42] {Threei} david :)
[09:44] {Threei} RIG got away
[09:44] {Threei} turns into short now actually...
[09:45] {Threei} .20 break smaller shares
[09:45] {Threei} if stays below .35
[09:45] {Threei} 1:1
[09:45] {Threei} 1:2
[09:45] {Threei} cover
[09:46] {jfjf64} nice
[09:46] {jfjf64} welcome bk
[09:46] {jfjf64} no more vacations
[09:46] {Threei} lol
[09:46] {Threei} why
[09:47] {jfjf64} hmmm
[09:47] {Threei} see how effectively I function after that
[09:47] {jfjf64} lol
[09:47] {jfjf64} true
[09:47] {Threei} and hey, it was hard work
[09:47] {Threei} for whole 45 minutes of my presentation
[09:47] {jfjf64} bet ya were biten at the bit
[09:47] {jfjf64} to get bk to work
[09:48] {jfjf64} im still in mgm
[09:48] {jfjf64} u
[09:48] {Threei} yes
[09:48] {Threei} half
[09:48] {jfjf64} k
[09:48] {jfjf64} y
[09:48] {jfjf64} stop??
[09:49] {jfjf64} .08
[09:49] {Threei} well
[09:49] {Threei} depends
[09:49] {Threei} I'd prefer to keep it under 11 still
[09:49] {Threei} and trail when it makes new high
[09:49] {jfjf64} reason??
[09:51] {dino} cis spike
[09:52] {jfjf64} watchin bidu
[09:53] {ese} L hpq .26
[09:53] {ese} 1/2
[09:54] {ese} damn loaded it wrong....wanted full lot
[09:55] {ese} out ..38 +.12
[09:56] {Threei} so far so good
[09:56] {Threei} 3:3
[09:57] {Threei} Long Setup: RIG 62.10, smaller shares
[09:57] {Threei} if stays above .90
[09:58] {Threei} invalidated
[09:59] {Threei} change of plans
[09:59] {Threei} Short Setup: RIG .85
[10:00] {Threei} if stays under 62
[10:00] {Threei} smaller shares remember
[10:00] {Les} now who's changing their mind after 45 seconds? :)
[10:01] {Threei} not me... full 1 min and 15 seconds
[10:01] {Threei} no go anyway
[10:01] {Threei} MGM last portion is closed
[10:01] {Threei} back to cash, waiting for the next play
[10:02] {jfjf64} hmm
[10:02] {jfjf64} dont think i ever heard ya say that
[10:02] {jfjf64} back to cash
[10:02] {Threei} which part?
[10:02] {jfjf64} lol
[10:03] {Threei} well, there were two plays with partials
[10:03] {Threei} even three if count RIG first short
[10:03] {jfjf64} k
[10:03] {Threei} and they were closed one by one, so indicated the moment of total getting out of all positions
[10:03] {jfjf64} dont get angry
[10:03] {Threei} huh?
[10:04] {jfjf64} lol
[10:04] {jfjf64} dont mindd me
06[10:04] * Threei slaps jfjf64 around a bit with a large box of pent-up anger
[10:04] {jfjf64} up late
[10:04] {jfjf64} watchin
[10:04] {jfjf64} J
[10:04] {jfjf64} E
[10:04] {jfjf64} T
[10:04] {jfjf64} S
[10:04] {jfjf64} JETS
[10:05] {dino} yeah baby
[10:05] {jfjf64} lookin good
[10:05] {dino} indeed
06[10:05] * Threei send jfjf64 Alka Seltzer
[10:06] {jfjf64} please
[10:06] {dino} scvl l .00
[10:06] {jfjf64} lot of sushi
[10:06] {jfjf64} feel sick indeed
[10:07] {Threei} Long Setup: RIMM .60 break half lot
[10:07] {jfjf64} mornin nemo
[10:07] {Threei} if stays above .50
[10:07] {jfjf64} very quiet
[10:08] {nemo} not trading, doing other stuff
[10:08] {nemo} watching my hard drive defrag
[10:08] {Threei} that must be highly entertaining
[10:09] {jfjf64} my thoughts exactly
[10:09] {dino} lol
[10:09] {nemo} kinda' like zen meditation
[10:09] {daviddrosenfeld} In scvl .00
[10:10] {jfjf64} comon rimm
[10:10] {dino} thin and gappy ddr
[10:11] {Threei} invalidated
[10:11] {Threei} SCVL?
[10:11] {Threei} why?
[10:11] {daviddrosenfeld} Dino scvl stop?
[10:12] {dino} 13 cents
[10:12] {Threei} you guys love high adrenalin eh?
[10:15] {daviddrosenfeld} I just follow Dino because it's a cool name
[10:15] {jfjf64} lol
[10:15] {Threei} well... there are more reasons to follow him actually, lol
[10:16] {jfjf64} keep ya stops
[10:16] {Threei} just remember that his plays are high risk for the most part
[10:16] {Threei} so keep your shares reasonable
[10:19] {jfjf64} 3i question
[10:19] {dino} out scvl .12 +.12
[10:19] {jfjf64} intelliscan
[10:19] {jfjf64} all scans are set up for 5 min charts
[10:20] {jfjf64} correct
[10:20] {Threei} not necessary
[10:21] {Threei} check the setting for each particular alert under: configure - window specific filters
[10:21] {jfjf64} dont seem lk 1 min charts
[10:21] {jfjf64} k
[10:22] {Threei} and Select alerts
[10:22] {Threei} there are too many variations to answer generic
[10:22] {Threei} Long Setup: LVS .10 break
[10:23] {Threei} stop under 34
[10:23] {Threei} for scalpers under .05
[10:25] {Threei} scalpers have 1:1
[10:25] {Threei} we however despise those pesky creatures, right?
[10:25] {Threei} day traders 1:1, half out
[10:25] {Threei} stop to under .10 for the balance
[10:26] {Threei} that's 4 for 5 today... can I go home?
[10:27] {Threei} SVNT Hearing vague takeover chatter circulating
[10:30] {Threei} picture oerfect so far, LVS
[10:30] {Threei} perfect too
[10:30] {Threei} 1:2
[10:30] {Threei} 1/4 more out
[10:30] {Threei} 1:3
[10:31] {Threei} *(US) SEPT DALLAS FED MANUFACTURING ACTIVITY: -17.7 V -7E (related EUR/USD SPY SHY )
[10:31] {Threei} was it a perfect play or what
[10:31] {Threei} anyone took it, or I leave these premises immediately?
[10:31] {jfjf64} lol
[10:31] {jfjf64} ty
[10:32] {Threei} you did, or you are just saying that?
[10:32] {jfjf64} i did
[10:32] {Threei} OK, jf stays
[10:32] {strider} I did, but I'm just saying that.
[10:32] {Threei} hmmm
[10:32] {jfjf64} lol
[10:32] {Threei} I am easily confused
[10:33] {lilyd} I did, but just the first part
[10:33] {jfjf64} stop thinkin
[10:33] {daviddrosenfeld} Out scvL +.12
[10:33] {strider} lily just took the profit, but not the risk.
[10:33] {Threei} ty lily... I feel useful
[10:34] {jfjf64} vegas good 4 ya
[10:34] {Threei} well... more useful than I did 5 min ago
[10:34] {lilyd} lily is still at only 50 shares - I think if I tried to split it up, I would have trouble even making back the commission
[10:35] {Threei} true, but paper trade this kind if you intend to learn partialojng out and apply it with bigger shares
[10:37] {lilyd} I'm just not good at papertrading - I can't keep my focus up w/o it being 'reality trading'
[10:37] {Daviddrosenfeld} Gj Dino
[10:37] {jfjf64} process
06[10:37] * strider slaps lilyd around a bit with a large magnifying glass
[10:38] {jfjf64} wynn
[10:38] {jfjf64} bounce??
[10:38] {dino} thx ddr
[10:38] {jfjf64} ddr
[10:39] {dino} watching isln
[10:39] {jfjf64} lk it
[10:39] {jfjf64} lol
[10:40] {jfjf64} 5/6 today 3i
[10:40] {jfjf64} nice
[10:41] {Threei} hmmm
[10:41] {Threei} my math is off?
[10:41] {Threei} I counted 4:5
[10:41] {jfjf64} maybe mine
[10:41] {jfjf64} u right
[10:42] {jfjf64} drys
[10:42] {jfjf64} remember drys
[10:42] {jfjf64} lol
[10:43] {jfjf64} that was a go to guy last yr
[10:45] {jfjf64} wynn makin nice base
[10:45] {jfjf64} .30 break
[10:45] {ese} L mchp .19
[10:45] {jfjf64} ??
[10:45] {Threei} not my cup of tea, jf
[10:47] {Les} RIG creep up
[10:47] {jfjf64} watchin
[10:47] {Threei} POT Reportedly US judge rejects BHP request to block Potash request to block merger (146.44, +0.44, 0.30%)
[10:48] {strider} MGM
[10:49] {RonS} ...what does a US judge have to do w/ any of it?
[10:49] {Threei} watching MOS
[10:51] {Threei} Ron, it must be a case of "Ukraine and Ivory Coast signed an agreement about peace between Argentina and Mongolia"
[10:51] {Threei} Long Setup: MOS .05 half lot
[10:51] {Threei} if stays above .95
[10:53] {Threei} 1:1
[10:53] {jfjf64} nice
[10:56] {ese} question vad......that one didn't have as much volume as what is normally customary for you..........was it just price action then?
[10:56] {Threei} MOS you mean?
[10:56] {ese} ya
[10:56] {Threei} 1:2
[10:56] {Threei} me out
[10:56] {ese} nice one
[10:56] {Threei} well, it's not like it's a low volume puker, over 1 millions shares alreadt
[10:57] {Threei} it's a bit thinner than most of my plays
[10:57] {ese} ok
[10:57] {Threei} that's why 1/2 lot alert
[10:57] {ese} gottcha
[10:57] {ese} just wondering....usually T&S is going like crazy when you get in
[10:58] {Threei} that's normal for regfular entry
[10:58] {Threei} it's the shortcoming of it
[10:58] {Threei} remember three kinds of entries
[10:58] {Threei} and their advantages and shirtcomings?
[10:58] {jfjf64} lvs vol
[10:58] {ese} yup
[10:59] {jfjf64} 3 kinds entrries
[10:59] {jfjf64} ?
[10:59] {Threei} I caught up with jf's math... 5:6
[10:59] {jfjf64} lol
[10:59] {Threei} hold on jf, will give you url
[10:59] {ese} am liking this slow climb of mchp
[11:00] {Threei} http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html
[11:05] {jfjf64} thanks 3i
[11:09] {jfjf64} aig
[11:09] {jfjf64} 5 min looks nice
[11:09] {lilyd} that's good info to remember
[11:10] {Threei} 37 break was perfect on AIG but I wasn't watching it at the time
[11:10] {jfjf64} yes
[11:10] {jfjf64} guess jbi
[11:10] {jfjf64} correct
[11:11] {jfjf64} bammmmmmmmmmmmmmmmmmmmmmm
[11:15] {Les} rig vad. . 70 b/d?
[11:15] {Les} yeh
[11:15] {Threei} ummm
[11:15] {Threei} yes
[11:15] {Threei} lol
[11:15] {RonS} dino, rdwr suferring a downgrade today. The thing is pulpy but I can't seem to get a bead on direction. Thoughts?
[11:16] {dino} let me see
[11:16] {jfjf64} wynn
[11:16] {jfjf64} lod
[11:17] {dino} would like a re-test of lod area
[11:17] {dino} tnc l .65
[11:17] {jfjf64} d/b
[11:17] {dino} y
[11:21] {ese} out mchp even
[11:23] {nemo} Ron Dcc
[11:25] {jfjf64} look aig
[11:25] {dino} partial l isln .81
[11:26] {Threei} I don't want to
[11:26] {Les} RIG vad, threatening to break out?
[11:27] {Threei} low probability play
[11:27] {Les} or put me to sleep watching
[11:27] {Les} right
[11:28] {jfjf64} luv
[11:28] {jfjf64} strong
[11:29] {jfjf64} nem
[11:29] {dino} luv buying aai
[11:30] {jfjf64} d/b
[11:31] {dino} mtb deathroll
[11:36] {Les} frikin RIG
[11:36] {Les} Ooh
[11:36] {dino} stop isln -.20
[11:36] {ese} is that your term for an upside dn cup looking pattern dino.....funnny
[11:37] {dino} it is now
[11:37] {Threei} (CA) Canadian Fin Min Flaherty: 98% of stimulus funding has already been committed, stimulus spending has boosted Canada GDP by 1.5 percentage points per quarter
[11:38] {Threei} - Reiterates stimulus programs will not be extended past March, 2011 expiration date
[11:38] {Les} how much spent?
[11:38] {Threei} peanuts vs USA
[11:39] {Threei} $40-billion stimulus package over two years
[11:42] {Les} ok
[11:42] {Les} rig 63 was a nice fade, following the shooting star
[11:44] {Les} what's market vol like vad?
[11:45] {nemo} dow is 35% below normal
[11:45] {nemo} nas is nominal
[11:45] {Les} apol dino. pulling itself of lod?
[11:45] {nemo} s&p is about 15% below
[11:45] {Les} ty sir
06[11:46] * nemo falls on floor
[11:46] {dino} dk apol, look esi, cpla too
[11:46] {Les} esi maybe too
[11:46] {Les} yeh
[11:51] {daviddrosenfeld} Anyone short gold?
[11:52] {dino} rovi
[11:52] {Threei} as a day trade? or you have something longer term in mind?
[11:53] {daviddrosenfeld} Gold may have peaked here and Has huge quick drops
[11:54] {Threei} well
[11:55] {Threei} it's a "may have" part that scares me :)
[11:55] {Threei} my view on this is:
[11:55] {Threei} I do believe gold will peak soon, and will kill a lot of goldbugs in the process,
[11:55] {daviddrosenfeld} Agreed.
[11:56] {Threei} but there is one big but:
[11:56] {nemo} POMO
[11:56] {Threei} these things tend to happen in a very chaotic unpredictable and, one could say, violent way
[11:56] {Threei} and one of the manifestations of such violence is extreme spike
[11:56] {RonS} segway owner "may have' needed a parachute...
[11:57] {Threei} killing premature shorts
[11:57] {Threei} before finally reversing
[11:57] {Threei} think of it this way:
[11:57] {Threei} do you know many bubbles that brusted in a slow orderly way?
[11:57] {Threei} I know of none,
[11:57] {patience} david, i'm heavily into gold. my plan is to exit all positions by mid-week....
[11:58] {Threei} all of them did a violent expolsive move firast
[11:58] {dino} itc
[11:58] {daviddrosenfeld} Only in retrospect:P
[11:58] {Threei} so the question becomes,
[11:58] {Threei} whether we had such move uet
[11:58] {Threei} and how you read it if and when it comes
[11:58] {Threei} this is where my firm conviction is:
[11:58] {Threei} attempt to catch the top on the way up is a suckers game
[11:59] {Threei} pro will let it top out,
[11:59] {daviddrosenfeld} Good. Ty
[11:59] {Threei} reverse,
[11:59] {Threei} confirm the top by any of known technical setups,
[11:59] {Threei} double top, lower highs, eyc
[11:59] {Threei} and enter his short position after the reversal,
[11:59] {Threei} missing exact top of course
[11:59] {Threei} and leaving amateurs to try and catch that exact top
[12:00] {Threei} there is no fault in that,
[12:00] {ese} L holx .00
[12:00] {Threei} when trend reverses, it will go far far down
[12:00] {Threei} remember oil at 150?
[12:00] {Threei} who the heck could think back then that it was gopijg to drop to 40?
[12:02] {dino} all those early dead shorts
[12:07] {Les} APOL 49 break?
[12:07] {Threei} looks right to me
[12:07] {Threei} time of the day is wrong, the rest is right
[12:08] {dino} markets slow imo
[12:12] {dino} out tnc .78, +.13
[12:17] {daviddrosenfeld} In holx .00
[12:17] {Threei} Long Setup: MOS .90 break
[12:17] {Threei} half lot
[12:19] {Threei} let's recalibrate
[12:19] {Threei} .80 break
[12:20] {Threei} invalidated , looking for better entry
[12:21] {dino} hrbn
[12:22] {Threei} .75 break if holding .65
[12:22] {RonS} GE And Harbin Electric Form Joint Venture To Manufacture Wind Turbines 09/27 10:20 AM
[12:24] {dino} ahhh
[12:26] {RonS} btw my news quotes are timed at mdt...
[12:27] {Threei} something strange about this news
[12:28] {Threei} I am not 100% sure HRBN and Harbin Electric from this press release are the same company
[12:30] {daviddrosenfeld} Mos invalidated?
[12:31] {Threei} for now, yes
[12:31] {Threei} may form something new but so far, didn't
[12:38] {Threei} Preview: (US) Treasury's $36B 2-year note auction results due just after 13:00ET
[12:48] {dino} dndn
[12:48] {kowboy} dndn
[12:49] {Threei} no news still
[12:53] {Threei} hmmm
[12:53] {Threei} tempting, but don't want to dive in without news
[12:53] {Threei} could be a looong way down
[12:58] {daviddrosenfeld} out holx +.12
[12:58] {dino} gj
[12:58] {dino} pgn
[12:58] {Threei} DNDN Hearing weakness attributed to comments out of Deutsche Bank (41.34, -1.24, -2.91%)
[12:58] {Threei} that's all?
[12:59] {Threei} PGN Halted; circuit breaker (43.50, -1.06, -2.38%)
[12:59] {Threei} - Deutsche Bank commented on meeting of Centers for Medicare and Medicaid Services (CMS) to consider the impact of labeled and unlabeled use of autologous cellular immunotherapy treatment on health outcomes of patients with metastatic prostate cancer.
[13:03] {Threei} *(US) TREASURY'S $36B 2-YEAR NOTE AUCTION DRAWS: 0.441%; BID-TO-COVER RATIO: 3.78 V 3.12 PRIOR AND 3.14 AVG OVER LAST 10 AUCTIONS
[13:03] {Threei} - Indirect bidders take 39% of competitive bids, direct bidders take 11%
[13:05] {Les} someone thinks inflation is dead. .44% over 2 years...
[13:05] {Threei} ?
[13:05] {Threei} 44% oinflation?
[13:05] {Les} the yield
[13:06] {Threei} sorry, lost me
[13:06] {dino} otix
[13:06] {Les} .44% is yield on notes over 2 years, no?
[13:07] {Threei} oh
[13:07] {Threei} lol, sorry
[13:07] {Threei} I missed .
[13:07] {Les} oh I see no not fallen off my branch yet with senility
[13:07] {Threei} looking at what you type and thinking: 44% inflation? I want what this guy is smoking
[13:08] {Les} hehehe
[13:08] {Les} but I wouldn't be betting on just half a percent inflation in 2 years
[13:08] {Threei} darn... I thought you foung the really good stuff
[13:09] {dino} isln l .21
[13:11] {Les} RIG 63 b/d?
[13:12] {Les} or 2 way play?
[13:12] {Threei} most likely 2 ways'
[13:12] {Threei} .15 break being trigger
[13:14] {Les} wish the market would be a little more active
[13:14] {dino} skx l .49
[13:14] {Threei} come on, morning was a beauty
[13:14] {Les} wasn't here. so the morning was good was it?
[13:15] {Les} Dave still has no word on the account...
[13:15] {Threei} doesn't 5 for 6 tell you that
[13:15] {Les} yep
[13:17] {Threei} HRBN...
[13:17] {Threei} the thing is horribly volatile,
[13:17] {Threei} but it hasd a chance of another run
[13:22] {Les} RIG about ready
[13:24] {Les} sigh. gotta run. c u's tomorrow
[13:25] {dino} cya
[13:25] {Threei} take care Les
[13:34] {Threei} MS Fox News's Gasparino: Freezes hiring (24.82, -0.33, -1.31%)
[13:46] {Threei} wow
[13:46] {Threei} Ambrose Evans-Pritchard
[13:46] {Threei} I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
[13:46] {Threei} My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America.
[13:46] {Threei} http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007777/shut-down-the-fed-part-ii/
[13:48] {Threei} oh yes
[13:48] {Threei} TV apparance
[13:48] {Threei} I missed that
[13:57] {dino} isln to .39
[13:58] {Threei} RIG 1:1
[13:58] {dino} skx to .69
[13:58] {dino} out, revrse skx .71, +.22
[13:59] {dino} out isln big slip ave .35, +.14
[14:03] {Threei} anyone went for RIG or for HRBN?
[14:04] {dino} n
[14:09] {dino} hsp
[14:09] {dino} tga approval austrailia
[14:10] {dino} 24$ m sales projected
[14:12] {dino} sm s .06
[14:17] {dino} too soon stop
[14:18] {RonS} 4.2 mil sh short...hsp
[14:22] {dino} sm s .69
[14:22] {dino} cov .29
[14:31] {dino} veco l .49
[14:44] {dino} veco to .65
[14:44] {dino} out ave .63, +.14
[14:45] {dino} fin to .19
[14:45] {dino} finl
[14:45] {jfjf64} vol lvs
[14:55] {dino} out fil +.10
[14:55] {dino} finl i mean
[14:59] {Threei} full recovery DNDN
[14:59] {Threei} heh... morons
[15:01] {jfjf64} 3i
[15:01] {jfjf64} when new book coming out
[15:01] {Threei} my perception is it's 80% ready
[15:02] {Threei} and I push harder
[15:02] {Threei} to get it done as soon as I can
[15:02] {jfjf64} great
[15:02] {jfjf64} look foward
[15:02] {Threei} at the same time, it's not something I want to rush for exit
[15:02] {Threei} I perceive it as most important of my writings
[15:03] {Threei} so, I will make sure it's finished to my satisfaction, not to get it out the door
[15:03] {jfjf64} you must be exited
[15:03] {jfjf64} take ya time
[15:04] {Threei} I am... what I see as I re-read parts written earlier make me feel "sheesh, I wish I read it when I started trading"
[15:04] {jfjf64} dont forget to mention jf in book
[15:04] {jfjf64} lol
[15:04] {Threei} in what role?
[15:05] {Threei} just want tpo make sure your expectations are met {G}
[15:05] {jfjf64} role of being such great mentor to room
[15:05] {jfjf64} i will send ya photo also
[15:06] {Threei} suit and tie are NOT optional
[15:06] {jfjf64} lol
[15:06] {Threei} tutu on the other hand is
[15:07] {dino} all bow to jf
[15:07] {jfjf64} all kiddin aside look foward enjoy your writings
[15:07] {jfjf64} ty dino
[15:07] {dino} :D
[15:07] {jfjf64} you have my address
[15:07] {jfjf64} ill be waiting 4 my copy
[15:08] {jfjf64} you cd write somethin nice in it
[15:08] {jfjf64} mgm
[15:09] {Threei} I believe it's going to be online
[15:09] {Threei} not hard copy
[15:10] {jfjf64} aig
[15:11] {jfjf64} lookin at that 37.00 break earlier
[15:11] {jfjf64} look vol was coming in
[15:24] {dino} finl l .11
[15:27] {daviddrosenfeld} In finl .11
[15:27] {Threei} JPM Reportedly to move prop traders to asset management unit
[15:27] {Threei} - Move to affect equity, emerging markets, structured credit units within the investment banking arm.
[15:27] {Threei} ***Reminder: On 08/31 there were reports that JP Morgan was planning to close all prop desk operations, starting with 20 person commodity prop desk in London
[15:28] {Threei} I am beyond lost
[15:28] {Threei} they can't have prop desk anymore,
[15:28] {Threei} they spin it off into separate unit
[15:28] {Threei} so what?
[15:28] {Threei} how is it changing anything for anyone?
[15:29] {dino} its not, but its all politics
[15:30] {Threei} in russian it calls "soaping one's eyes"
[15:30] {RonS} ...no wonder I am crying...
[15:31] {RonS} so, this is becoming a real question: where has the volume gone in this market?
[15:31] {dino} csgs drop
[15:31] {Threei} even more interesting:
[15:32] {dino} gap around 17.75
[15:32] {Threei} volume is lower but market is more readable
[15:32] {jfjf64} lvs drop
[15:32] {Threei} I have one suggestion what can cause this paradox
[15:33] {dino} the volume is all in bonds, when they start to fall stock vol should go up, imo
[15:33] {Threei} just a theory though, I have no evidence either way:
[15:33] {Threei} actual players are back, and market readability increased thanks to them,
[15:34] {Threei} all kinds on programs, black boxes and HFT are down in volume, for various reasons not the last of which is authorities cracking down on them
[15:34] {Threei} so volume is down a bit, but that volume was never relevant to direction
[15:35] {dino} vol. follows the most recent bubbles, imo, stock bubble, re bubble, now bond bubble
[15:35] {Threei} so this volume drop doesn't influence us
[15:35] {Threei} yes dino
[15:35] {Threei} I am trying to decipher readability side
[15:36] {RonS} makes sense I guess, the JEF earnings report had trading earnings down 90%
[15:37] {RonS} ...not their prop desk...biz from others...
[15:39] {jfjf64} lkin bounce here lvs
[15:40] {Threei} no
[15:40] {Threei} very high chance of dropping under 35
[15:46] {Threei} how about that
[15:46] {jfjf64} caught it
[15:46] {Threei} I just prepared call for .20 break short
[15:46] {jfjf64} ye haa
[15:46] {Threei} and it dropped faster than I could hit enter
[15:46] {jfjf64} in .21
[15:46] {jfjf64} out .07
[15:46] {jfjf64} wow
[15:47] {Threei} :)
[15:47] {daviddrosenfeld} Dino finl?
[15:49] {dino} still in
[15:50] {daviddrosenfeld} Overnite finl?
[15:50] {dino} nope
[15:52] {dino} isln l .10
[15:54] {jfjf64} who said lvs 35.00
06[15:54] * Threei humbly raises his hand
[15:56] {jfjf64} recross .05
[15:56] {Threei} you aware of time?
[15:56] {Threei} 4 min till bell
06[15:56] * Threei slaps jfjf64 around a bit with a large wall clock
[15:56] {jfjf64} lol
[15:56] {jfjf64} done 4 day
[15:57] {jfjf64} nice day at office
[15:57] {dino} gj
[15:59] {Threei} thank you all
[15:59] {Threei} have a goof evening
[15:59] {Threei} see you tomrrow
[15:59] {jfjf64} are ya ready 4 some football
[15:59] {jfjf64} monday night
[16:00] {Threei} some scotch I am ready for
[16:00] {dino} out isln +.02 at .12
[16:00] {Threei} or will be soon
[16:00] {dino} out finl .11 flat
[16:00] {jfjf64} 100 pecent 3i
[16:00] {Threei} I mean Glenlivet is your friend - always :)
[16:00] {jfjf64} we earned it today
[16:03] {dino} ouch mtb
[16:04] {dino} thx all
