Wednesday, September 29, 2010

Sep 29 2010

Chaotic day with unreadable moves. No good trades to show, and negative for the day- couple wins were overwhelmed by 4 stops.

Session Time: Wed Sep 29 00:00:00 2010
[08:28] {Threei}  Facebook and Skype are close to announcing a partnership deal - WSJ's All Things Digital
[08:28] {Threei}  - According to sources close to the situation, Facebook and Skype are poised to announce a significant and wide-ranging partnership that will include integration of SMS, voice chat and Facebook Connect.
[08:44] {Threei}  AIG Prudential to buy AIG's two life insurance units in Japan for $4.8B - WSJ (37.32, 0.00, 0.00%) (related PRU )
[08:54] {dino} gm all
[08:55] {Threei}  dino :)
[08:56] {daviddrosenfeld} i've been trading gm every morning!  doing ok with it.  :D (joke)
[08:57] {RonS} gm gents and ladies
[08:58] {dino} lol
[09:02] {Threei}  david, ron :)
[09:02] {daviddrosenfeld} ron, 3i
[09:03] {daviddrosenfeld} anyone know where i can change my userID?  I've been trying the past 2 days
[09:04] {Threei}  you can't
[09:04] {Threei}  e-mail info@rt, he can
[09:04] {daviddrosenfeld} tx
[09:05] {daviddrosenfeld} thanks
[09:07] {Threei}  (PO) EU Barrosso: Portugal situation is serious; needs to show responsibility (related EUR/USD EUR/GBP EUR/JPY BUNDS SOVRX )
[09:12] {ese} morning
[09:12] {Threei}  ese :)
[09:13] {ese} got out holx close to the end of the day dino .29 +.17
[09:13] {ese} vad
[09:13] {ese} anyone checked out gmcr
[09:14] {Threei}  GMCR Finds an "immaterial" accounting error on margins of a $7.6M in overstatement in pretax income; Received an SEC inquiry with a request for more information - filing
[09:14] {RonS} roasted by sec rev recognition inquiry
[09:15] {ese} immaterial? and it's taking a 5 pt blood bath because of an immaterial accounting error
[09:15] {dino} gap around 29
[09:18] {ese} L at .32 looks good to me then.....anyone else thinking that
[09:22] {RonS} gmcr...imo it runs sub 30.00 before any chance for bonce
[09:22] {RonS} but defer to nemo if he shows up
[09:23] {RonS} this sec thing is not the only thing weighing on the stock
[09:24] {ese} hmmmmmmm
[09:24] {Les} morning
[09:24] {Les} or afternoon, depending where...
[09:24] {Threei}  les :)
[09:24] {RonS} something about them capturing affilates and the patent comeing off the k cup
[09:25] {RonS} plus there has been talk of nestle interest in the co, and that is off the table for the time being
[09:27] {jfjf64} mornin
[09:28] {Threei}  jf :)
[09:34] {daviddrosenfeld} out vxx .82
[09:35] {Threei} Short Setup: GMCR  .30 break half lot
[09:35] {Threei}  if stays under .50
[09:36] {Threei}  no go
[09:37] {Threei} Long Setup:  LVS  .15 break
[09:39] {Threei}  GMCR rinse
[09:40] {Threei}  LVS stop under .05 or 35, both are valid
[09:40] {Threei}  look at GMCR
[09:40] {dino} adbe l .15 stop .04
[09:40] {Threei}  or better don't
[09:41] {Les} the idea was spot on
[09:41] {Threei}  yeah... shakeout
[09:41] {RonS} early short covering
[09:42] {ese} L holx .26
[09:43] {ese} not one of vads standard careful
[09:44] {ese} not to mention low volume
[09:45] {RonS} l rig break of 64.50 3i?
[09:45] {Threei}  64.50??
[09:45] {RonS} hod yesterday 64.45
[09:45] {daviddrosenfeld} in adbe .15
[09:46] {Threei}  why not find a tgradeable entry lower
[09:46] {Threei}  .20 was interesting
[09:46] {Threei}  it spikes into .50
[09:46] {Threei}  no way I'd buy such spike
[09:46] {Les} I would
[09:46] {Les} but no one listens to me
[09:46] {ese} lol
[09:47] {Threei}  see how sharp spike runs into sharp setback?
[09:51] {ese} need spy do a "BUB"
[09:51] {dino} vlccf sm l .50
[09:52] {RonS} bp interesting
[09:52] {ese} sorry thats a BYB
[09:53] {RonS} mon moaning
[09:53] {Threei}  here I'd start looking for RIG bounce entry
[09:53] {dino} byb?
[09:53] {ese} bounce you bastar*
[09:54] {dino} lol
[09:54] {Threei}  lol
[09:55] {Threei} Long Setup:  RIG  .06 break
[09:55] {Threei}  nice ADBE trade david
[09:56] {daviddrosenfeld} thank dino, i'm short gold remember
[09:56] {Les} LVS 35 b/d
[09:56] {Threei}  no go RIG
[09:56] {Threei}  something's off today
[09:56] {dino} adbe to .26
[09:57] {ese} daaaaaaaaa stop holx .15_.11
[09:57] {ese} -.11
[09:58] {Les} db SPY?
[09:58] {dino} out .28, +.13
[09:58] {dino} adve
[09:58] {dino} adbe
[09:58] {Threei}  unless toloses 114.20
[09:59] {daviddrosenfeld} out adbe .26
[09:59] {Les} GDX getting punished
[09:59] {Les} slw
[09:59] {Les} .75 b/d?
[10:00] {Threei}  I think so
[10:00] {Threei} Long Setup:  LVS  35 break
[10:01] {Threei}  stop under .90
[10:02] {daviddrosenfeld} in LVS .96
[10:03] {Threei}  not a scalp if works
[10:04] {daviddrosenfeld} i.e. hold for a while?
[10:04] {RonS} 8 minutes instead of 3...
[10:04] {Threei}  will comment as we go but preliminary read is,
[10:04] {Threei}  first partial around .15 - .20,
[10:05] {Threei}  second closer to .35
[10:05] {Threei}  with eventual target above .50
[10:05] {Threei}  1:1
[10:10] {Threei}  SLW short 1:1
[10:10] {dino} fosl, am
[10:10] {Les} woohoo
[10:11] {RonS} rig rinse and the .50 break worked...but hey, if i was right most of the time i wouldn't be here, or be named 3i or dino  :)
[10:13] {dino} lol ron, ave 3-4 misses a day
[10:14] {RonS} usually the initial oil price reaction off the report gets faded
[10:14] {RonS} i am thinking bp long on a selloff with the report?...
[10:15] {RonS} dino ergo "most of the time"
[10:16] {dino} fosl sm l .34
[10:17] {Threei}  LVS is off on trailed stop
[10:17] {Threei}  (US) Fed's Kocherlakota: Assets purchases have flattened yield curve by 40-80bps; may be harder for Fed to lower yields given current market health
[10:18] {dino} yeah, lowering yields is a concern, sheesh
[10:18] {Threei}  Kocherlakota killed the market
[10:18] {Threei}  powerful man
[10:18] {daviddrosenfeld} out lvs .90 stopped
[10:18] {dino} tv killed the radio
[10:18] {Threei}  Sees inflation at a more healthy 1.50-2.00% in 2011
[10:18] {Threei}  - Sees unemployment above 8% deep into 2011
[10:18] {Threei}  - highlights that assets purchases have flattened yield curve by 40-80bps
[10:18] {RonS} deep
[10:18] {Threei}  davidf... 90? we trail stop to b/e after 1:1 is reached
[10:21] {Threei}  Trimming interest paid on excess reserves could lower medium and long term rates
[10:21] {daviddrosenfeld} oh, now i think i get it!  i'll email you for more detail. threei
[10:22] {Threei}  you assume I can read...
[10:22] {daviddrosenfeld} you assume i read more than the first 1/2 of the first sentence
[10:24] {Threei}  FUQI Ticking higher on rumors could have received extension of financial documents filing
[10:26] {dino} fosl stopped -.35
[10:27] {Threei} Short Setup: GLD  .70 break if stays under .80
[10:29] {RonS} in .72
[10:30] {Threei}  (US) House of Reps approves revamp of taxation on mutual funds (related TROW EV AB LM FII JNS AMG WFR BEN STT NTRS )
[10:31] {dino} skx l .32, stop .19
[10:31] {Threei}  *DOE: CRUDE: -475K V -250KE; GASOLINE: -3.5M V +1ME; DISTILLATE: -1.3M V +250KE; UTILIZATION: 85.8% V 87.2%E
[10:32] {Threei}  "nothng works" day
[10:32] {jfjf64} shrug
[10:32] {daviddrosenfeld} in skx .32
[10:33] {Les} indexes stuck in ranges
[10:34] {Threei}  GMCR
[10:34] {Threei}  looks like recovery takes root
[10:35] {daviddrosenfeld} oil up big from 10:30 report
[10:39] {jfjf64} .30 break  3i
[10:39] {jfjf64} gmcr
[10:39] {Threei}  I'd prefer pullback entry on it
[10:39] {Threei}  volatility is still very high
[10:39] {Threei}  like .15
[10:40] {Threei}  if takes this big offer
[10:40] {Threei}  and stays above 31
[10:40] {Threei}  see how it moves?
[10:41] {dino} fosl sm l .00 stop lod
[10:41] {Threei}  (EU) Finance Ministers plan to question Portugal over 2011 Budget
[10:44] {dino} gdot
[10:45] {jfjf64} pull bk
[10:45] {jfjf64} gmcr
[10:47] {dino} skx stopped -.13
[10:47] {daviddrosenfeld} out skx .21 stopped
[10:49] {dino} f'ng rinsed
[10:50] {daviddrosenfeld} maybe rinsed, could drop again
[10:51] {dino} a rinse is when it takes you out and goes back to entry
[10:51] {dino} which it did
[10:51] {dino} which i hate
[10:51] {Threei}  rinse seems to be the word of the day
[10:51] {dino} last wed too for me
[10:52] {gregns} i am glad only today that i can't trade!
[10:53] {dino} religious thing greg?, :D
[10:54] {gregns} lol, no not up and running yet w/ laser
[10:54] {Threei}  Thou shan't trade on Wednesday - thus spake Zaratustra
[10:54] {gregns} just checking in here periodically
[10:56] {daviddrosenfeld} well, someone was right about oil pulling back after post report euphoria
[10:56] {Les} vix creeping up today
[10:56] {dino} fosl stopped
[10:56] {daviddrosenfeld} i have one suggestion - vxx sucks les
[10:57] {Les} been a while since we trade vxx profitably david
[10:57] {Les} traded
[10:57] {daviddrosenfeld} track vix vs vxx it does not follow
[10:57] {Les} but as indication of nervous traders, it says something...
[10:57] {daviddrosenfeld} me too, a long while.
[10:57] {daviddrosenfeld} oh yes, of course as an indication. no question
[10:58] {Les} yeh. no vxx trade implied.
[10:58] {Les} market feels like its coiling up like a spring
[10:59] {RonS} Ocare is the biggest screw job in US history:  Aetna dropping small co coverage in CO...affects 1200 companies, 5500 workers
[11:00] {dino} no kidding
[11:00] {Threei}  good intentions always pave one and the same road
[11:01] {Threei}  morons can't distinguish between their wishes and hard reality
[11:01] {dino} never argue w/someone dumber than you
[11:02] {Threei}  now, this is interesting
[11:02] {Threei}  (US) Fed's Kocherlakota: Not expecting an impact o inflation expectations from any quantitative easing - Q&A
[11:03] {Threei}  no?
[11:03] {Threei}  no??
[11:03] {RonS} ...denver stroy on some hemopiliac kid who costs 40k/mo...paper says O care good since he will be covered indefinitely
[11:03] {dino} well, if he told truth, bond drop run would happen
[11:03] {Threei}  well, I want to know how it's physically possible
[11:04] {RonS} now I am sorry someone wha a med condition but holy sh*&^, why do I have to pay for it?
[11:04] {dino} same w/housing crisis ron
[11:05] {dino} fosl was rinse too
[11:05] {Threei}  GLD... hard to believe but the thing makes new highs
[11:06] {Les} commodities too. DBA...
[11:07] {RonS} ...but there is no inflation...
[11:07] {Threei}  that part is seriously intriguing
[11:07] {dino} in things you need yes, things you want no
[11:07] {Les} inflation expectations...
[11:08] {Threei}  how can it be that "any easing" had no impact on inflation
[11:08] {Les} denying the hyperinflation bugs rantings that Weimar Mk2 is coming?
[11:08] {RonS} good point Les...but my point is that there is inflation...just look at US taxes
[11:09] {Les} we know they want inflation
[11:09] {Les} my guess is they're denying runaway inflation expectations
[11:09] {Les} don't want to admit or see the next bubble already forming
[11:10] {RonS} when that actualy comes Les the bond market will be getting crushed
[11:10] {dino} salvation thru inflation les, they all want it, but won't admit it
[11:11] {RonS} there is no salvation, inflation crushes good people to pay for those bad and stupid, but i repeat myself
[11:11] {Les} sure. we know what is going to happen. but they're adamant that it ain't
[11:11] {dino} political salvation. deflation ends all
[11:12] {dino} bottom line they all want weaker dollar too, but will never admit it
[11:13] {ese} ok!!!! it's one of them days.......i look up and i've accidentally bought one nov .64
[11:14] {Threei}  well, you are in the money
[11:14] {ese} out nov .66 +.02
[11:14] {Threei}  see?
[11:15] {ese} lol
[11:15] {ese} L xlnx .80
[11:20] {RonS} DO v RIG  which has a better looking daily?
[11:21] {Threei}  I like RIG better
[11:24] {RonS} ya, looking closer...rig up 20% v 8% do past month
[11:26] {Les} lvs 35 break?
[11:26] {Les} looks like market up
[11:26] {Threei}  I think so
[11:26] {Threei}  and GLD is aiming for new highs
[11:27] {Threei}  Ron!!
[11:27] {RonS} gj ese...semi's salmon today and xlnx riding along
[11:27] {Threei}  look TV, fast!
[11:27] {RonS} oh no...
[11:27] {Threei}  another day another backyard
[11:27] {dino} last try fosl l .98
[11:27] {Threei}  people need to start building higher fences
[11:27] {ese} interesting what 3k of a stock going up can do for have hands on your hips....shoulder swagger back and forth.....bottom jaw and corners of your mouth pushed down in the (I knew it position)......head nodding back and forth very egotistically........
[11:28] {ese} that sort of thing
[11:28] {Threei}  ese, stop describing me so vividly
[11:28] {ese} oh and tks Ron
[11:28] {Threei}  I have right to some privacy
[11:28] {RonS} striking the 3i pose...
[11:29] {Threei}  and do NOT mention that holster with Desert Eagle on my hip
[11:29] {ese} out 1/2 .93 +.13
[11:30] {ese} lol
[11:30] {ese} Desert Eagle?
[11:30] {ese} what the??? is that
[11:31] {RonS} mistyped he meant dessert eagle
[11:31] {Threei}  The Desert Eagle is a large-framed gas-operated semi-automatic pistol designed by Magnum Research in the U.S.
[11:31] {Threei}
[11:31] {RonS} luv it, Magnum Research...
[11:33] {RonS} .44 or .357 3i?
[11:34] {Threei}  dunno, I picked the one that has louder sound
[11:34] {RonS} rotflol
[11:34] {Threei}  :)
[11:34] {Les} .50 cal
[11:38] {ese} your a funny guy vad........
[11:39] {ese} gotta say...... i prefer that ak47 loaded with vodka
[11:40] {RonS} oih multi-month breakout
[11:41] {ese} loosin it....for a second i read  multi mouth......
[11:42] {Les} fas pop
[11:42] {RonS} rf
[11:48] {ese} out in full xlnx .00 +.20
[11:48] {dino} nice one
[11:49] {dino} adbe l .20
[11:53] {Les} HIG worth a shot vad? a  bit limited. but sorta cup and handle happening. tracking spy I think
[11:54] {dino} fosl to .15
[11:54] {Threei}  so narrow les...
[11:55] {Les} yeh ok
[11:55] {dino} vlccf to .63
[11:55] {Les} narrow was the word I was looking for, not limited...
[11:57] {dino} to .19 fosl
[11:58] {dino} enr drop
[11:59] {dino} no news
[11:59] {dino} fosl to /24
[12:00] {dino} tighten
[12:02] {dino} enr sm l .85
[12:06] {dino} fosl to .35
[12:12] {dino} out fosl .35, +.35
[12:12] {dino} .37
[12:12] {Les} GLD vad .10 breakdown with .15 stop? or 2 way?
[12:12] {dino} out vlccf .60 sdlip +.10
[12:16] {Threei}  looks like short direction has slight prevalence here les
[12:16] {Threei}  but really hard to say
[12:17] {jfjf64} cat
[12:17] {jfjf64} 80.00
[12:17] {jfjf64} ??
[12:18] {Threei}  breaky look
[12:18] {Threei}  yes
[12:18] {Threei}  worth trying
[12:18] {Threei}  look at daily
[12:18] {Threei}  explosdive
[12:18] {jfjf64} y
[12:18] {jfjf64} stop where
[12:19] {jfjf64} tight
[12:19] {Threei}  under .90
[12:19] {jfjf64} maybe  aggresive
[12:19] {Threei}  and, rarely do I say that but: if market finishes strongly, you may wish to keep some overnight
[12:19] {Threei}  no
[12:19] {Threei}  don't do aggressive entry
[12:20] {Threei}  80 is resistance on both intraday and daily
[12:20] {Threei}  it must be broken for the play to be on
[12:20] {jfjf64} 10/4
[12:25] {Les} pleasure to look at CAT intraday chart. hope it works
[12:26] {jfjf64} hope
[12:26] {jfjf64} no like
[12:26] {jfjf64} hope
[12:27] {Les} hope it works for you. I got no skin in it
[12:31] {Threei}  GMCR Hearing Piper Jaffray defends the name; maintains Overweight rating (timing uncertain) (31.29, -5.72, -15.46%)
[12:31] {Les} good for you piper jaffray
[12:33] {Les} GLD shakes, rattles then rolls over
[12:33] {Threei}  GLD dropped
[12:33] {Threei}  but the entry was not very clear
[12:33] {Les} yeh I don't think the short entry would have triggered
[12:34] {Les} before shooting up like that
[12:34] {Les} .07 b/d maybe
[12:34] {Threei}  .10 break may be viewed as one, but in reality this is not what you see real time
[12:34] {Les} ok
[12:35] {Threei}  and, as if all the problems in the world were resolved:
[12:35] {Threei}  (IR) Ireland PM Cowen: Want a debate on the Anglo Irish subject to occur tommorow (related ANGL.UK BKIR.IR ALBK.IR EUR/GBP EUR/USD )
[12:35] {dino} they want their currency back
[12:49] {jfjf64} gmcr
[12:53] {Les} CAT still loitering close to 80
[13:05] {ese} L xlnx.07
[13:16] {Les} CAT short on this bounce?
[13:16] {Les} .90 break?
[13:17] {dino} urbn
[13:19] {Threei}  (PO) Portugal Govt has scheduled a news conference at 1900 GMT following the cabinet meeting
[13:19] {Threei}  (US) Fed's Rosengren: US recovery is not strong enough to support employment gains, inflation is undesirably low
[13:19] {Threei}  - Labor market trouble is demand based, not structural.
[13:19] {Threei}  - Pledges that the Fed will not monetize debt.
[13:19] {Threei}  - Sees US economic growth in second half of 2010 around +2%.
[13:19] {Threei}  - Policymakers must remain open to promoting policies that support growth.
[13:20] {Threei}  Pledges that the Fed will not monetize debt
[13:20] {Threei}  I pledge not to eat from now on
[13:20] {Threei}  ever
[13:20] {strider} Glad that's settled.
[13:21] {Threei}  and this I love:
[13:21] {Threei}  Policymakers must remain open to promoting policies that support growth
[13:21] {Threei}  I mean, they normally are closed to those policies
[13:21] {Threei}  ad in such unusual and trying times like these, they must be open
[13:22] {strider} impertinant peon.
[13:22] {strider} who are you to question the great and powerful Oz?
[13:25] {Threei}  GMCR nears .50 support
[13:30] {Threei}  watching for bounce play now
[13:31] {kowboy} lvs
[13:33] {Threei} Long Setup:  GMCR  .50 break
[13:33] {Threei}  if stays above .40
[13:38] {Threei}  (IT) Italy PM Berlusconi has won the confidence vote (related EWI )
[13:38] {Threei}  feeling confident yet?
[13:39] {Les} confident that he's an ass?
[13:39] {ese} gotta go cya tomorrow.......might get stoped out of xlnx......
[13:39] {Threei}  I don't know what exact question was put for vote
[13:39] {Les} ciao ese
[13:39] {Threei}  take care ese
[13:41] {Threei}  GMCR 1:1
[13:41] {Threei}  lord, did I win one today??
[13:41] {Threei}  wow
[13:42] {Threei}  uh oh
[13:42] {Threei}  radical changes in net browsing are coming
[13:43] {Threei}  I've just made my peace with the very concept of Internet and browsing... and they want radical changes?
[13:43] {Threei}  please stop the Earth, I want out
[13:43] {Threei}  and I want to found the society of new luddites
[13:43] {Threei}  raven, are you with me?
[13:44] {strider} 'advanced' luddites?
[13:44] {Threei}  no
[13:44] {Threei}  I want to have nothing in common with anything advanced
[13:44] {strider} atavistic luddites.
[13:44] {Threei}  back to basics is my mottow
[13:45] {Threei}  jute bag as clothing
[13:45] {strider} so, I guess a rock is high technology?
[13:45] {Threei}  well, I still want to keep that desert eagle
[13:46] {dino} holx l .04
[13:46] {Threei}  gotta fend off attacks of those advanced human beings that like brwsing internet and, umm, "stay connected"
[13:46] {Raven} lol
[13:46] {Threei}  and need radical change monthly
[13:46] {strider} desert eagle='reach out and touch someone."
[13:47] {Threei}  yeah, you can think of it as my way to stay in touch
[13:47] {Threei}  nemo would be so proud of me
[13:49] {dino} vlccf l .45
[13:49] {dino} rdwr spike
[13:50] {dino} news?
[13:51] {dino} buyout rumors
[13:51] {RonS} got nuthin
[13:51] {Threei}  nor I
[13:56] {RonS} Radware (RDWR), down from $40 highs to $32.60 and bouncing off the 20 day EMA, is seeing bullish action with some traders speculating it could still receive a buyout offer, which was reported recently by Globes.  One trader this morning sold 1,000 November $25 puts and bought 1,000 November $40/$45 call spreads.  Now, a trader just put on 4,500 November $45/$
[13:58] {Threei}  (US) House of Reps Levin (D-MI): Bill represents a significant crossroards; is WTO consistent, vote expected later today
[13:59] {Threei}  what bill?
[13:59] {dino} trade war bill
[13:59] {Threei}  while we were not looking, morons sneaked in "significant crossroads" bill?
[14:00] {RonS} rdwr price/volume action could have been caused by the options mm's having to hedge their call sales w/ stock purchases.  eg, 5500 calls controls 550,000 shares...
[14:00] {Threei}  (US) Fed's Rosengren: Fed can move long term rates lower if necessary; currently undershooting on mandates for inflation and employment - Q&A
[14:00] {Threei}  - Any bond purchases for QE would be 'situational,' does not expect to set a balance sheet target.
[14:00] {Threei}  - Does not doubt the Fed could impact rates if it decides to expand the balance sheet.
[14:02] {Les} CAT still holding
[14:03] {Threei}  well... market goes for new highs it seems
[14:07] {RonS} rrc...missed this one...
[14:14] {Threei} Long Setup:  CAT  80 break
[14:14] {RonS} ups poppin
[14:15] {RonS} UPS filed for a license to do business in China yesterday or day before... expecting to get answer by end of week.
[14:15] {RonS} ...haven't they already been there?...
[14:18] {gregns} yes, but i am sure through a joint venture or service agent
[14:27] {RonS} ...i have always wondered when the fundies actually book their quarter's end...
[14:29] {RonS} ...or are they like a guy i once worked for ...who slid every month +/- 4 days depending on a strong or weak month...for his bank loans...
[14:30] {RonS} ...was a ge originated "smoothed" earnings...
[14:33] {RonS} ...guess the ups stock started contemplating Chines traffic jams.  Can you imagine the overtime their union US drivers would get in a 9 day jam?
[14:34] {dino} lol
[14:36] {RonS} is CAT being sneaky or has it slowed due to the fact that the forex market slows this time of day?
[14:37] {Threei}  who knows
[14:37] {Threei}  I am trying not to overthink it
[14:37] {RonS} but sometime it rains...
[14:37] {Threei}  it triggers or it doesn't
[14:38] {Threei}  or it rains
[14:38] {Threei}  as you fairly noticed
[14:38] {RonS} here's a smack your self (myself) in the forehead...BA
[14:39] {Threei}  POT Ticks lower following FT story suggesting Sinochem is having difficult getting partners to help with competing bid for the company (145.27, -0.54, -0.37%) (related BHP )
[14:39] {RonS} they only got a huge order from the Navy this morning...note to self:  connect the dots...
[14:41] {Les} MON rolling over red. no setup yet
[14:41] {Threei}  GS CEO Blankfein threatens to shift operations out of Europe due to regulatory atmosphere - FT (144.44, -0.57, -0.39%) (related XLF )
[14:41] {Threei}  wow
[14:42] {Les} to where - Mongolia?
[14:42] {RonS} Turkey, Russia?
[14:42] {Les} ha ha
[14:42] {dino} caymens
[14:43] {RonS} Isle of Mann?
[14:43] {Les} hmmm wonder where next stop for $ ? Now under 79
[14:43] {Les} support, not stop
[14:45] {Les} damn Swiss Franc getting the squeeze.
[14:45] {Les} banker rings me up yesterday "about your mortgage Mr Robinson?"
[14:46] {Les} I said float it variable. I'll get back to you in 2011 when a more interesting 10 year fixed rate comes along
[14:46] {Threei}  what's the fixed now in your neack of the woods?
[14:46] {Les} Swiss economy gotta suffer if everyone man and his dog in Europe wanna buy Swiss francs
[14:47] {Les} 10 year max. like canada.
[14:47] {Les} hmmm
[14:47] {Threei}  rate?
[14:47] {Les} 2.55%
[14:47] {Threei}  not bad
[14:47] {RonS} wow
[14:47] {Les} I got the jitters recently
[14:47] {Threei}  and you complain?
[14:47] {Les} but having learnt from Vad
[14:47] {Les} kept my cool
[14:47] {Les} rates shot up quick from 2.4 to 2.75
[14:48] {Les} but I await the pullback before going long
[14:48] {Threei}  I dunno... this is fatastic rates for 10 years
[14:48] {Threei}  we have nothing even close here
[14:49] {Les} different system here. We pay interest only
[14:49] {Threei}  oh boy...
[14:49] {Threei}  you guys are headed for the housing bubble of your own
[14:49] {dino} so you never own it?
[14:49] {Les} normally stable enough. 20% downpayment required
[14:50] {Les} but so much money flooding switzerland now
[14:50] {jfjf64} pot
[14:50] {Les} in 3 years...?
[14:50] {Les} MON on this pullback?
[14:50] {Les} .70 b/d if holding .800?
[14:51] {Threei}  probably
[14:51] {Threei}  not very confident
[14:52] {Les} starting to think about paying off dino, but also other priorities right now. e.g., I don't have to have a job to pay interest plus capital
[14:52] {Les} I seen what Australian dream of home ownership does to parenting and family. I ain't impressed
[14:54] {Les} Having bank as landlord much cheaper than anyone else. 70% rental population getting screwed with higher rates every year
[14:55] {Threei}  strange concept eh,,, bank as a landlord
[14:55] {dino} i guess if you want a certain house and don't care about building equity
[14:56] {Les} no. just roof over family's head and no rental agent telling me what we can do or can't do in our house
[14:57] {dino} i get it les, just brought up differently. they do alot of reverse mtg in usa now for old people. in the end they don't own either
[14:57] {Les} new for Australians too
[14:57] {Threei}  right
[14:57] {Les} they thought they could buy and own and retire
[14:57] {dino} out holx .17, +.13
[14:59] {RonS} FCX - there is an earthquake in Papau Indonesia - could effect FCX Grassberg mine - this mine is one of the largest copper and gold mines in the world.   we are looking into it right now to find out impact which could be major- Dahlman Rose
[14:59] {RonS} ...heard it was 7.3...
[14:59] {Les} MON .60 break nice
[15:01] {Threei}  CAT... will you finally get on that roof?
[15:05] {Les} try kicking it
[15:08] {Threei}  RIMM Tells India govt it cannot offer access to corporate email sent via BlackBerry Enterprise Server - The Hindu
[15:08] {Threei}  - Research In Motion (RIM), the maker of BlackBerry devices, has told the Department of Telecom that it cannot offer access to corporate e-mails sent through the BlackBerry Enterprise Server due to the underlying technology in offering the service.
[15:08] {Threei}  - The Home Ministry had given RIM time till October-end to come up with a solution that will allow security agencies to snoop into all BlackBerry services.
[15:08] {Threei}  - RIM said the connection between a BlackBerry device and the BlackBerry Enterprise Server forms a Virtual Private Network (VPN) that is identical to a commercial VPN solution from Cisco, Microsoft, Apple, Nokia, Juniper, questioning why its service should be singled out.
[15:09] {Threei}  really
[15:10] {dino} what did you canadians do to india
[15:11] {Threei}  nthing really... we never even prosecutred them for bombing our planes
[15:11] {RonS} is that what you call being singhled out?
[15:11] {Threei}  lol
[15:12] {RonS} dot discrimination?
[15:16] {Les} CAT says "Not today Zerg!"
[15:17] {dino} vlccf stopped
[15:18] {Threei}  well, with such market selling
[15:18] {Threei}  (PO) Portugal PM Socrates: 2011 budget bill will cut civil service wages by 5%, include a new tax on financial system
[15:18] {Threei}  - 2011 budget bill to raise VAT tax to 23%
[15:18] {Threei}  - Budget bill to freeze public sector pensions.
[15:18] {Threei}  hmmm
[15:18] {Threei}  is it Europe?
[15:19] {Threei}  selling is too sharp and pointed to be just technical
[15:24] {dino} enr ..35
[15:24] {dino} l
[15:24] {Threei}  (US) CFTC reportedly considering the restriction in ownership of clearing and trading locations - unconfirmed report (related ICE CBOE IDC NYX NDAQ CME DB1.GE LSE.UK IAP.UK ISE )
[15:25] {Threei}  oh god
[15:25] {Threei}  regulation galore
[15:26] {dino} atlas shrugged baby
[15:28] {RonS} can u spell bubble...nflx
[15:28] {dino} vlccf rinsed shessh
[15:30] {Threei}  Portugal PM's name is really Socrates...
[15:31] {RonS} Socrates Jones?
[15:31] {RonS} Bill Socrates?
[15:32] {Threei}  he likes to think of himself as The Socrates maybe?
[15:35] {Threei} Short Setup: RIMM  48.05 break
[15:35] {Threei}  if stays under .15
[15:36] {dino} enr to .56
[15:37] {dino} urbn, fosl, mtb interesting
[15:38] {dino} sm l urbn .04
[15:39] {dino} enr to .63
[15:39] {Les} MON 48 b/d?
[15:40] {Threei}  I think so
[15:40] {Threei}  RIMM no go
[15:40] {dino} out +.27
[15:40] {Threei}  dino is the only salvation today, I am useless
[15:40] {Threei}  FCX Hearing Morgan Stanley makes positive comments; no damage to Indonesia assets seen (85.98, -1.05, -1.21%)
[15:41] {Les} "quick" says one MS analyst to another, "dump this sh&%"
[15:41] {dino} sounds like francessco was there
[15:41] {Threei}  lol
[15:42] {dino} "don't do business w/me hank"
[15:42] {Les} MON
[15:44] {dino} mtb sm l .65 trig
[15:46] {Les} damn MON gone. outta here. A domani
[15:49] {daviddrosenfeld} in mtb .67 small
[15:51] {Threei}  strange day and strange finish
[15:51] {Threei}  look at the 1 min
[15:51] {daviddrosenfeld} hold overnite mtb dino?
[15:51] {Threei}  mess
[15:52] {dino} no
[15:56] {Threei}  okay guys, thank you all
[15:56] {Threei}  we will get them tomorrow
[15:57] {Threei}  unless they get us
[15:57] {Threei}  have a good evening
[15:57] {daviddrosenfeld} moved stop on mtb to .69
[15:58] {dino} thing is stuck
[15:59] {daviddrosenfeld} moved mtb stop to .75
[16:00] {dino} out mtb .80, +.15
[16:01] {daviddrosenfeld} its amazing how you know this.
[16:01] {daviddrosenfeld} i'm impressed.
[16:01] {daviddrosenfeld} out .75
[16:02] {dino} thx ddr, but some is luck
[16:02] {daviddrosenfeld} no, it isn't. you can't be that lucky.
[16:02] {dino} and "gut"
[16:02] {daviddrosenfeld} i use gut all the time, gut wrenching.
[16:02] {dino} lol
[16:03] {dino} just be careful following me, make stopps your religion, i get on some wild ones
[16:03] {Threei}  dino's gut is steel-reinforced
[16:04] {daviddrosenfeld} no prob - i got out this time by 4.  i held finish line overnite the other day.