Session Time: Mon Oct 04 00:00:00 2010
[08:21] {Threei} 10:00 US Aug Factory Orders, Aug Pending Home Sales
[08:28] {Threei} POT Ticks higher on fresh unconfirmed report that Sinochem is still considering options on a potential Potash bid (142.64, 0.00, 0.00%)
[08:33] {Threei} (GR) Greece unveils its 2011 draft budget: Deficit to GDP target set at 7.0%
[08:33] {Threei} *Reminder: The draft budget was rumored to target a public deficit of 7.6% of GDP v the 8.1% expected in 2010.
[08:33] {Threei} - Reminder: in the original stability plan Greece pledged to lower its deficit to 8.7% in 2010 from 12.7% in 2009 ; and to be within the maastricht criteria (3%) by 2012
[08:38] {davd} morning 3i.
[08:38] {Threei} davd :)
[08:44] {Threei} PO) Portugal Fin Min: Portugal faces challenges regarding consolidation of its public finances
[08:44] {Threei} - It is important that these objectives are met.
[08:47] {dino} gm all
[08:48] {Threei} dino :)
[08:50] {magoo} morn
[08:50] {Threei} mags :)
[08:54] {Threei} MOT
[08:54] {Threei} Motorola Inc Microsoft requests ITC investigation into mobile devices and associated software from Motorola
[08:54] {Threei} - Reminder: Last week MSFT had filed suit against MOT for infringement of nine smart phone patents. The FT reports that the suit "comes shortly before the launch of handsets running Microsoft's Windows Phone 7 operating system, a delayed response to touchscreen smartphones such as Android handsets and the iPhone."
[08:55] {Threei} Earlier today ECB member Costa (Gov of the Portugal Central bank) stated that the country's austerity measures were not enough and needed political consensus on 2011 budget. Market's perception on Portuguese debt to depend on consolidation.
[09:02] {dino} cce
[09:05] {Threei} (US) Yellen and Raskin officially sworn in as Fed members (related XLF )
[09:05] {Threei} finally... I was losing sleep over that
[09:07] {Threei} CCE, dino:
[09:07] {Threei} Sunday, October 03, 2010 19:00:50
[09:07] {Threei} Coca-Cola Co Completed acquisition of Coca-Cola Enterprises; Deal gives Coke control over 90% of its N. American sales volume
[09:07] {Threei} - Sees consolidation resulting in a reduction in costs, more flexibility and faster innovation.
[09:07] {Threei} **Reminder from Feb 25th: KO: Enters into agreements to acquire CCE's North American buiness valued at $3.4B, $8.88B of CCE debt, and all North American assets and liabilities of $580M
[09:07] {Threei} CCE shareowners to exchange each CCE share for a share in a new CCE, focused solely on Europe, and $10/shr in cash at closing.
[09:13] {Threei} (US) CNBC updates California budget cutting plans
[09:13] {Threei} California closing $19B budget gap with services cuts and other measures. Services cuts account for close to half of the budget savings.
[09:13] {Threei} - Also notes California state supreme court to rule later today if Friday furloughs of stateworkers are legal.
[09:28] {Threei} MOS reports afer close
[09:28] {jfjf64} mornin
[09:29] {Threei} jf :)
[09:29] {RonS} g'day
[09:29] {Threei} ron :)
[09:31] {Threei} Short Setup: LVS .40 break
[09:31] {Threei} half lot
[09:31] {Threei} if stays under .50
[09:32] {Threei} too fast?
[09:32] {magoo} yes
[09:32] {jfjf64} y
[09:32] {Threei} too bad... over 1:1
[09:32] {Threei} RIMM sharp pullback
[09:33] {Threei} no chance for entry
[09:33] {Threei} waiting for another dip
[09:34] {Threei} ok, dive under .30 and recross if holding .15 -= .20
[09:34] {Threei} dive under .20 would be even better
[09:35] {Threei} here it is
[09:35] {Threei} 50 cross
[09:36] {Threei} half lot
[09:36] {Threei} if holding .80
[09:38] {Threei} invalidated
[09:38] {Threei} Long Setup: LVS .45 break
[09:39] {Threei} stop under .35
[09:39] {magoo} in
[09:39] {Threei} 1:1, half out
[09:39] {Threei} Long Setup: RIMM .95 break half lot
[09:39] {Threei} if stays above .80
[09:40] {dino} meli sm l .02 gappy
[09:40] {magoo} out .58
[09:40] {magoo} just laid it there aafter fill
[09:40] {Threei} RIMM not a scalp if works
[09:41] {magoo} ty btw
[09:41] {Threei} invalidated again
[09:42] {Threei} LVS 1:2
[09:42] {Threei} 1/4 more out
[09:42] {Threei} stop under .50
[09:44] {Threei} (US) Preview: Aug Factory Orders due out at 10:00ET
[09:44] {Threei} **Consensus expectation: -0.4%e v +0.1% prior
[09:44] {Threei} ugh RIMM
[09:44] {Threei} .70 was it
[09:45] {Threei} missed
[09:46] {Threei} Short Setup: CAT .20 break
[09:46] {Threei} half lot
[09:46] {Threei} stop for scalpers above day high
[09:46] {Threei} day traders .30
[09:47] {Threei} 1:1
[09:47] {Threei} scalpers are out, day traders partial
[09:48] {Threei} stop for the balance to above .20
[09:48] {Threei} 1:2
[09:48] {Threei} 1:3, feel free to cover
[09:48] {jfjf64} out ty
[09:48] {Threei} 30 cents in 2 min, not too shabby
[09:48] {khaln} out ty
[09:48] {jfjf64} boy oh boy
[09:48] {Threei} welcome guys
[09:49] {jfjf64} little rest does 3i GOOD
[09:49] {Threei} what rest... weekend is so stressful time...
[09:49] {jfjf64} ditto
[09:49] {jfjf64} lol
[09:49] {Threei} all those walks amidst gorgeous scenery... taking photos...
[09:49] {Threei} bbqing
[09:50] {Threei} LVS, let's jump one last time
[09:50] {jfjf64} F Buyer
[09:50] {Threei} want to dump last piece around .80
[09:50] {Threei} stop to under .60
[09:50] {Threei} 1:3 LVS
[09:57] {Threei} let's wait out numbers, then look for the next trade
[09:57] {jfjf64} i i 3i
[09:58] {Threei} AOL Sources say private equity firms have approached AOL CEO pitching the idea of a deal to merge AOL and Yahoo assets - Silicon Alley Insider
[10:00] {Threei} *(US) AUG FACTORY ORDERS: -0.5% V -0.4%E
[10:00] {Threei} *(US) AUG FACTORY ORDERS: -0.5% V -0.4%E
[10:00] {Threei} *(US) AUG PENDING HOME SALES M/M: 4.3% V 2.8%E; Y/Y: -18.4% V 0.9%E
[10:01] {Threei} - Prior MoM revised XXX from 5.2% to 4.5%
[10:01] {Threei} - Prior YoY revised XXX from -20.1% to -20.7%
[10:02] {Threei} watching RIMM for short into bounce
[10:03] {Threei} out last LVS .77
[10:04] {Threei} wow, too soon
[10:05] {magoo} .90 52 wk hoigh
[10:05] {Threei} awww
[10:05] {Threei} (JP) Tsunami Alert Issued For South Western Japan followinh 6.4 magnitude earthquake (update)
[10:06] {dino} hurn sm l .30 stop /99
[10:08] {Threei} Long Setup: MGM .55
[10:08] {Threei} breakout on both intraday and daily, and LVS sympathy play
[10:08] {Threei} look at daily
[10:09] {Threei} if that's not an explosive chart
[10:09] {Threei} 08/03, .55 high
[10:09] {Threei} then cup formed
[10:10] {Threei} consolidation under .55 over last week or so
[10:10] {jfjf64} stop .50
[10:10] {jfjf64} ??
[10:10] {Threei} let's see where it bottoms out on pullback
[10:10] {jfjf64} k
[10:10] {Threei} so far meaningul support for day traders is .40 - .45
[10:10] {khaln} ,.
[10:11] {Threei} .50 is kind of way too tight
[10:11] {Threei} for supeduperextrascalpers
[10:13] {Threei} AIG Planning to sell approx $2B in the AIA IPO to Cornerstone investors
[10:13] {davd} in mgm .48
[10:14] {Threei} keep stop under .40 with this entry
[10:14] {davd} ii 3i
[10:15] {Threei} full room of sailors
[10:15] {Threei} andf poets
[10:17] {jfjf64} c/h f
[10:18] {magoo} wynn nuts too
[10:18] {Threei} triggering we are
[10:18] {Threei} yeah, gambling is in high gear
[10:19] {Threei} aggressive entry like davd's has 1:1
[10:19] {Threei} this chart certainly deserves more though, as far as I am concerned
[10:20] {davd} not aggressive, just slow
[10:20] {Threei} not really - it never triggered before your entry
[10:20] {Threei} so you took it before trigger, thus aggressive
[10:20] {Threei} let it trigger and get in on pullback is conservative
[10:20] {davd} i'll take a jeeter
[10:20] {Threei} or slow :)
[10:21] {Threei} looking at daily, I see no resistance up to 12
[10:21] {Threei} slow stock of course
[10:22] {Threei} but if market helps and sector continues this push, MGM chould be there, if not today then tomorrow
[10:22] {Threei} stop can be safely trailed to under .45
[10:24] {dino} skx l .40
[10:25] {magoo} LVS looks like near 37 today
[10:32] {Threei} Short Setup: RIMM .80 break
[10:32] {Threei} if tays under .90
[10:33] {magoo} in'
[10:35] {Threei} 1:1
[10:35] {davd} in skx .36
[10:36] {magoo} waiting .56
[10:36] {magoo} futes falling
[10:37] {davd} stop skx .15 dino?
[10:38] {Threei} DNDN Strength attributed to a Wellpoint insurance update on medical policy considering Provenge (41.32, +0.71, 1.75%)
[10:38] {dino} .25
[10:38] {khaln} ..
[10:38] {Threei} two very good points
[10:39] {dino} out hurn .70, +.40
[10:39] {magoo} rimm ultimate target .37
[10:39] {Threei} for all practical intents and purposes, RIMM 1:2
[10:39] {jfjf64} PIP
[10:39] {jfjf64} TY
[10:39] {magoo} unreal LVS turn
[10:41] {davd} gj on hurn. i missed it
[10:41] {magoo} out rimm
[10:47] {jfjf64} rig gettin hit
[10:49] {Threei} (CH) China Premier Wen: Major reserve currency FX rates should be kept relatively stable
[10:49] {Threei} - Calls for exit from stimulus strategies to be coordinated; must be cautious about the pace and timing of stimulus exit strategies.
[10:50] {lilyd} x?
[10:50] {Threei} no clean read on it
[10:50] {jfjf64} lvs short 3i
[10:51] {lilyd} thanks
[10:51] {Threei} no jf
[10:52] {jfjf64} .55 big support
[10:52] {jfjf64} quick scalp
[10:52] {jfjf64} ??
[10:52] {magoo} rimm resumes downward
[10:53] {Threei} if market makes a sharp red bar... maybe then
[10:53] {Threei} but it doesn't feel right to me
[10:53] {jfjf64} understood
[10:53] {jfjf64} showing lots strength
[10:54] {jfjf64} wedge ing
[10:54] {dino} hurn l .43 stop lod
[10:54] {jfjf64} one way or another
[10:57] {dino} meli last try sm l .74
[10:59] {jfjf64} monster
[11:00] {Threei} still want to short LVS?
[11:00] {magoo} [10:24] {magoo} LVS looks like near 37 today
[11:00] {jfjf64} no didnt break .55
[11:00] {jfjf64} lol
[11:05] {magoo} RIMM looks ready foe next leg down
[11:07] {magoo} should lose fitty
[11:07] {Threei} FCX
[11:07] {Threei} watching for little bounce or consolidation, to shiort breakdown
[11:08] {davd} out skx .25 stopped
[11:12] {Threei} Short Setup: FCX .75 break
[11:12] {Threei} if stays under .85
[11:13] {Threei} a little bit aggressive entry, but FCX returns to low while market bounces
[11:15] {Threei} rug pull time, FCX
[11:15] {Threei} 1:1
[11:16] {magoo} rimm rtoo vad
[11:16] {magoo} loss .50 short
[11:16] {magoo} to .20 area
[11:16] {Threei} this is exactly why I wanted aggressive entry on it - no chance to enter when it drops like this
[11:16] {davd} out mgm .38 stopped
[11:16] {magoo} see rimm
[11:18] {magoo} [10:38] {magoo} rimm ultimate target .37
[11:18] {Threei} 1:2 FCX
[11:18] {Threei} successful rug pull
[11:19] {magoo} u have me on ignore todat vad? :)
[11:20] {Threei} today?? :)
[11:20] {khaln} k
[11:20] {Threei} I just couldn't squeze RIMM tarde together with FCX
[11:20] {Threei} trade
[11:20] {magoo} im waiting .25
[11:20] {Threei} two fast stocks
[11:22] {Threei} FCX 1:3
[11:22] {Threei} I am done with it here
[11:24] {magoo} out rimm .25
[11:24] {magoo} + .44
[11:24] {Threei} wtg
[11:24] {Threei} beautiful trade
06[11:24] * Threei takes magoo off ignore
[11:26] {magoo} dogs attacking someome, brb
[11:27] {khaln} post man...
[11:28] {Threei} lol
[11:33] {magoo} back, was jehovas'es witnesses..:), sent thgem to dinos neighborhood he he
[11:34] {Threei} cruel
[11:34] {magoo} also, they said they forgive my dogs aggressiveness roflol
[11:35] {dino} thx
[11:35] {davd} good joke magoo, re the dog forgiveness
[11:37] {magoo} no joke he he
[11:37] {dino} veco l .25
[11:37] {magoo} they asked if im familiatr with bible, said im praying most everyday in my occupation
[11:38] {RonS} lol
[11:39] {davd} in veco .25
[11:40] {khaln} they nice but they wont take no thanks ,iam not interested as an answer,
[11:46] {Threei} they do when I say that
[11:47] {Threei} it may help that I am frowining, scowling and growling while say that
[11:48] {jfjf64} hmm c/h forminf lvs downside on RADAR
[11:49] {jfjf64} GRR missed fcx
[11:49] {jfjf64} nice trade 3i
[11:50] {Threei} wow
[11:50] {Threei} a bit late, lol
[11:51] {jfjf64} my breakfast was good
[11:51] {jfjf64} but fcx looks better
[11:53] {jfjf64} lvs
[11:55] {Threei} Google Inc Announces Google TV partners
[11:55] {Threei} Turner Broadcasting has been hard at work optimizing some of their most popular websites for viewing on Google TV, including TBS, TNT, CNN, Cartoon Network and Adult Swim, available anytime through Google TV.
[11:55] {Threei} adult swim eh
[11:56] {Threei} - Partnered with some of the leading premium content providers to bring thousands of movie and TV titles, on-demand, directly to your television. Amazon Video on Demand offers access to over 75,000 titles for rental or purchase, and Netflix will offer the ability to instantly watch unlimited movies and TV shows, anytime, streaming directly to the TV.
[11:58] {Threei} - We have also been working with some leading technology and media companies to optimize their content for Google TV, including news sites like The New York Times and USA Today; music sites like VEVO, Pandora and Napster; information networks like Twitter; and online networks like blip.tv. And with YouTube Leanback, we can offer the best experience for you to watch your favorite viral videos and personalized channels on the television.
[11:58] {Threei} this part of the world seems to be on the verge of drastic change
[11:58] {Threei} how does it affect DISH for instance?
[11:59] {khaln} or tivo?
[11:59] {kowboy} axp
[12:01] {jfjf64} lvs any takers
[12:01] {jfjf64} 1/1
[12:01] {magoo} man, mkts down 100
[12:01] {jfjf64} good stuff
[12:02] {patience} happy days :) hum de hum....do i short silver?
[12:11] {jfjf64} what silver stocks ya watchin patience
[12:12] {jfjf64} fdx gettin hit
[12:14] {patience} i usually look at silver wheaton, but looking at hzd and also coeur delane, silvercorp
[12:23] {Threei} "At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,"
[12:23] {Threei} --Ben Bernanke 3/28/2007
[12:24] {Threei} isn't it lovely how our fearless leaders have absolutely no clue
[12:25] {Threei} to polish on that, http://realitytrader.com/vad/Crime%20of%20the%20Century.jpg
[12:30] {Les} afternoon all. how's the day been?
[12:31] {Threei} almost perfect
[12:31] {Les} sweet
[12:36] {dino} ffiv
[12:39] {davd} moving veco stop to .51
[12:40] {Les} what's with MSFT?
[12:41] {Threei} was downgraded by GS in the morning
[12:41] {davd} talks fell apart on f-five dino
[12:43] {dino} thx
[12:43] {davd} veco stop at .59
[12:52] {Threei} Long Setup: FCX .05
[12:52] {Threei} half lot
[12:52] {Threei} stop .95
[12:54] {davd} in fcx .05 hlf lot
[12:55] {Threei} if we found the bottom, thing should go to about .40 - .45
[12:55] {Threei} worth 10 cents risk
[12:55] {Threei} no go
[12:58] {davd} out fcx stopped .95
[12:58] {davd} out veco .79
[13:01] {davd} veco +.55
[13:01] {dino} gj
[13:01] {Threei} AXP Responds to Govt lawsuit; have no intention of settling case
[13:02] {davd} i targeted .7 on veco, but then switched to a trailing .1 once it went over .6
[13:02] {Les} they wanna take on state mafia? good luck
[13:02] {dino} nice
[13:05] {Threei} there is a big text to that
[13:05] {Threei} I cam post if anyone interested
[13:05] {Threei} - Antitrust lawsuit filed today against the company is a significant retreat from previous Department of Justice efforts to promote competition in the payments industry. The new approach would ultimately limit consumer choice, reduce competition and curtail innovation.
[13:05] {Threei} - The governments lawsuit claims that terms of American Express merchant contracts, which protect cardmembers against discrimination and disruption at the point of sale, violate U.S. antitrust laws.
[13:05] {Threei} - The Justice Departments proposed remedy would interfere with consumer choice at the check-out counter by steering American Express cardmembers to another payment network.
[13:05] {Threei} - The governments new legal theory ignores a key point that the Justice Department previously made and that the courts have already decided: American Express does not have the ability to force merchants to accept its products or pricing.
[13:05] {Threei} - CEO: "We have no intention of settling the case We will defend the rights of our cardmembers at the point of sale and our own ability to negotiate freely with merchants. We are confident that the courts will recognize the perverse anti-competitive nature of the governments case and that we will continue providing a competitive, superior service to cardmembers and merchants.The sheer number of Visa and MasterCard credit cards, and the fact that most of their customers do not carry an American Express product, makes it virtually impossible for merchants to steer customers away from the dominant networks, even if they have the right to do so. It is difficult to understand why the same agency that fought so effectively to combat anti-competitive network conduct would now undermine their own efforts by regulating our contracts in a way that limits our ability to compete."
[13:05] {Threei} The governments one-sided remedy would put more power in the hands of Visa and MasterCard, the networks that steadily increased prices for credit card transactions over the past decade, that control over 70 percent of the market and that have ten times as many cards as American Express. Anyone familiar with antitrust matters, would realize that in the real world such market power would ultimately work to the disadvantage of merchants as well as consumers."
[13:07] {dino} wtg amex
[13:07] {Les} they obviously haven't dealt with White House yet...
[13:08] {dino} glad someone is standing up to them
[13:33] {Threei} (US) California Supreme Court upholds state govt plan for Friday furloughs of state employees
[13:39] {magoo} LVS crushed
[14:07] {davd} dbl top on gld at 128.6?
[14:08] {davd} yesterday gld dbl top at 129
[14:33] {Threei} Goldman Sachs head bond strategist Garzarelli: stocks are a better value than bonds; 10-year yield unlikely to fall below 2%
[14:33] {Threei} - double dip unlikely.
[14:38] {davd} cramer bullish on axp, says would buy now
[14:47] {Threei} I am yet to see him being right for more that couple hours
[14:47] {Threei} this time not even that it seems
[14:49] {Threei} Short Setup: AXP .40 break
[14:49] {kowboy} so much for the cramer effect on axp new lod
[14:49] {Threei} oops
[14:49] {Threei} too late
[14:49] {davd} agreed
[14:50] {Threei} ugh... 1:1
[14:51] {Threei} 1:2
[14:51] {Les} lol you sell when Cramer says buy...
[14:51] {davd} ow well $80 down the drain.
[14:57] {Threei} 1:3
[14:57] {Threei} shoot me now
[14:57] {jfjf64} bam
[15:02] {jfjf64} wow
[15:03] {Threei} (FR) France Official: China appears prepared to discuss options on volatile FX rates (related EUR/CNY USD/CNY )
[15:03] {Threei} probably this
[15:04] {magoo} back, internet crashed, i had to call al gore
[15:04] {Threei} bs, I am not trading on no-name french expressing no-resp;onsibility opinion on what China may or may not do
[15:04] {Threei} was he hlpful mags?
[15:04] {Threei} after all, it's his invention...
[15:05] {magoo} i know..hence the call
[15:05] {Threei} AXP 1:4... tear my hands off
[15:05] {Threei} one by one
[15:05] {jfjf64} too kind
[15:05] {dino} 3i, gut call into close?
[15:05] {Threei} ok, hook me through the upper lip and drag me through the streets by a truck
[15:05] {dino} skx wants positive
[15:05] {Threei} down gut says
[15:05] {jfjf64} nice
[15:06] {patience} i like your gut
[15:06] {dino} hmmm, butting heads again 3i, mine says up
[15:07] {dino} out veco .85, +.60
[15:08] {jfjf64} gj
[15:09] {Threei} 1:5
[15:09] {dino} ty
[15:09] {Threei} I am crying in the corner
[15:09] {jfjf64} not worthly corner closet
[15:09] {davd} you see, this is why this group helps, i had stop loss on axp and got out!
[15:11] {Threei} if I called short 10 seconds sooner...
[15:14] {davd} i got in axp at 39.63
[15:14] {davd} long:(
[15:16] {Threei} 1:6... I am going to torture myself with this until I give up
[15:17] {magoo} what happened, called late, i was down
[15:17] {Threei} 1:7
[15:17] {jfjf64} atleast wait 4 even buck
[15:17] {Threei} called short at 39.40 by just a few seconds late mags
[15:17] {Threei} can't forgive mysel;f
[15:18] {magoo} figured
[15:18] {Threei} that was trade of the day
[15:18] {magoo} al gore called, said he called it in time
[15:19] {Les} Cramer's hedge fund colleagues obviously backing up the truck...
[15:20] {davd} i feel bad for cramer, he's down a buck
[15:21] {dino} save your tears
[15:22] {Les} This one's for you James: http://www.youtube.com/watch?v=ut5A_r5iiOg
[15:23] {dino} vlccf partial fill l .44
[15:24] {Threei} how do you trade wheat?
[15:24] {Les} DBA
[15:24] {Threei} (RU) USDA forecasts wheat production in Russia -33% y/y due to drought conditions
[15:26] {Les} wheat's a pretty small component of DBA, but grains moving somewhat in sympathy together
[15:29] {Les} can't recall which, but China has become a net importer for first time
[15:29] {Les} wheat or corn...
[15:30] {jfjf64} fcx 3i
[15:30] {Threei} no confident read
[15:30] {jfjf64} yup
[15:31] {jfjf64} im tryin to crate somethin thats not there
[15:33] {jfjf64} see that fake
[15:33] {jfjf64} funny
[15:35] {Threei} yup
[15:43] {jfjf64} all done 3i
[15:43] {Threei} Fed's Bernanke: past Fed asset purchases were effective in boosting the economy; additional asset buys could have the same effect
[15:43] {Threei} - must stay away from Greek levels in terms of debt to gdp
[15:44] {jfjf64} greatday
[15:44] {jfjf64} ty
[15:44] {Threei} welcome, very nice one... would have been even better if not that delay with AXP call
[15:44] {jfjf64} you get a pass on axp
[15:44] {jfjf64} ty
[15:52] {Threei} no new lows into end of day but no bounce either
[15:52] {magoo} halt LVS
[15:52] {magoo} with 10 minurtes
[15:52] {magoo} sheesh
[15:52] {Threei} huh?
[15:52] {Threei} wehatcha talking about?
[15:52] {magoo} it halted there
[15:53] {Threei} LPS is hatled
[15:53] {Threei} LVS is trading
[15:53] {magoo} or my quotes froze
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {Les} cheers
[16:00] {dino} out vlccf -.06
