Friday, October 8, 2010

Oct 08 2010

Flat day for us, as stops and wins practically balanced each other out. 

Session Time: Fri Oct 08 00:00:00 2010
[08:17] {magoo} morn
[08:17] {nemo} hullo
[08:19] {strider} howdy
[08:29] {Threei}  (US) US Fed's Bullard: Have seen disinflationary trend in 2010 but recent data suggest it is flattening; would like to see contingent QE policy - CNBC interview
[08:29] {Threei}  - Q3 GDP release will be key ahead of next FOMC meeting.
[08:29] {Threei}  - Does not expect the unemployment rate of more than 10%.
[08:29] {Threei}  - 'Shock and awe' is not a good policy on QE, the Fed does not have to buy a lot to have effect.
[08:30] {Threei}  *(US) SEPT UNEMPLOYMENT RATE: 9.6% V 9.7%E
[08:31] {Threei}  (US) SEPT CHANGE IN NONFARM PAYROLLS: -95K V -5KE;
[08:31] {Threei}  *(US) SEPT AVG HOURLY EARNING M/M: 0.0% V 0.2%E; AVG WEEKLY HOURS: 34.2 V 34.2E
[08:31] {Threei}  - Change in Manufacturing Payrolls: -6K v +2Ke
[08:31] {magoo} : -95K V -5KE;
[08:32] {Threei}  CHANGE IN PRIVATE PAYROLLS: 64K V 75KE
[08:32] {Threei}  mistype?
[08:32] {Threei}  no correction so far
[08:33] {magoo} thats bad if corrrect
[08:33] {nemo} spy not really reactig
[08:33] {Threei}  sll three numbers are bad but that one seems to be way out of whack
[08:34] {Threei}  hmmm... CNN confirms
[08:34] {nemo} and there go the
[08:34] {nemo} oh, QEII
[08:35] {nemo} doesn't matter, stocks are going up because of debasement, which is a given with the bad numbers
[08:35] {nemo} Time to go to the bank and get some toilet paper
[08:35] {Threei}  - US Mar 2010 Total Nonfarm Payrolls Benchmark Revised by -366K which means employment levels may have been worse than originally reported in the year through March 2010.
[08:35] {Threei}  heh
[08:35] {Threei}  what a surprise
[08:40] {Threei}  EUR/USD ECB's Nowotny: Euro currency rise is not helping the Euro zone recovery
[08:41] {Threei}  Dollar remains weaker and yields under some pressure following US jobs data
[08:41] {Threei}  - Gold prices have also reversed and moved higher as the weak US jobs figures have solidified expectations for addtional quatitative easing from the Fed in Nov
[08:41] {Threei}  there you go
[08:41] {Threei}  bad numbers push market up in expectations of QE
[08:42] {Threei}  and naive newbvies and, umm, inwestors, wonder: how come we go up on bad numbers
[08:42] {Threei}  US) Pimco's Gross: Jobs data is a strong signal for asset purchases
[08:45] {Threei}  huh, interesting comment:
[08:45] {Threei}  (EU) EU's Junker: Does not see a parallel between Greece and Ireland; believe situation in Ireland is under control
[08:45] {Threei}  what does it tell us about Greece?
[08:51] {ese} morning
[08:51] {Threei}  ese :)
[08:51] {ese} jobs report was ok i thought......?
[08:51] {Threei}  no
[08:51] {Threei}  disgusting numbers
[08:52] {Threei}  [08:31] {Threei} (US) SEPT CHANGE IN NONFARM PAYROLLS: -95K V -5KE;
[08:52] {ese} was made up in private sector thought wasn't it
[08:52] {Threei}  nope
[08:52] {ese} created 65k
[08:53] {Threei}  vs 75 expectations
[08:53] {ese} ah
[08:54] {Threei}  what I want them to come out and say loud and clear:
[08:54] {Threei}  how exactly QE helps with bad employment?
[08:55] {ese} well....if the market shruggs this one off then then we'll know that most bad news has bee factored in in the last 6 months
[08:55] {Threei}  nah
[08:55] {Threei}  lookie here:
[08:55] {Threei}  [08:41] {Threei} Dollar remains weaker and yields under some pressure following US jobs data
[08:55] {Threei}  [08:41] {Threei} - Gold prices have also reversed and moved higher as the weak US jobs figures have solidified expectations for addtional quatitative easing from the Fed in Nov
[08:55] {Threei}  [08:41] {Threei} there you go
[08:55] {Threei}  [08:41] {Threei} bad numbers push market up in expectations of QE
[08:55] {Threei}  [08:42] {Threei} and naive newbvies and, umm, inwestors, wonder: how come we go up on bad numbers
[08:56] {Threei}  see the logic?
[08:56] {Threei}  bad data = good for the market because it leads to further money printiing
[08:56] {ese} message received and noted......
[08:56] {Threei}  EUR/USD EU Juncker ; Euro is too strong
[08:56] {ese} i get ya
[08:59] {_panc} good morning all
[08:59] {Threei}  panc :)
[08:59] {ese} just checking futures......they don't seem to bad too me........are they shrugging it off a little
[09:00] {ese} panc
[09:00] {_panc} ese
[09:00] {_panc} vad, thank you for giving me another day
[09:00] {Threei}  I did?
[09:00] {_panc} yes....
[09:01] {Threei}  you overestimate my awareness of what is going on :)
[09:01] {_panc} :-)
[09:01] {ese} lol
[09:01] {Threei}  ese, guts are pretty much where they were before numbers
[09:01] {Threei}  initial reaction was violnet fown and up
[09:01] {Threei}  then everyone went back to bed
[09:03] {Threei}  where btw I was trying to sleep
[09:03] {Threei}  so they crowded me out
[09:04] {ese} lol
[09:04] {RonS} gm dudes & dudettes   ...seems strange alk has no pre activity...lack of order visibility is why i do not like the nyse...
[09:04] {ese} ron
[09:04] {Threei}  Ron :)
[09:05] {RonS} klic clocked
[09:05] {ese} ok i'm gonna lay my cards out.....i think the mrkt is going to shrugg off this unemplyment data today.......thats my take
[09:06] {ese} i could be wrong and will act to whatever i see but i think it's going to shrugg it off
[09:07] {ese} morning still hanging in there with gold
[09:07] {khaln} g morning
[09:07] {ese} k
[09:08] {khaln} ese gm
[09:08] {Threei}  khaln :)
[09:10] {patience} hi ese, nope, i have puts i bought late last week.  i'm mostly in cash...just waiting for a chance to go shopping if we get a pullback.  my form of risk management is to go to the sidelines if i don't like the market.   :)
[09:10] {davd} hence your id :D
[09:11] {ese} and you do it well i might add
[09:12] {Threei}  nah, that she caame up with during drunken party at my place
[09:12] {patience} ty, i do ok.  
[09:12] {ese} the drinking or the partying
[09:14] {ese} how long are those puts good for....i've never traded options
[09:15] {patience} jan, feb and march
[09:15] {ese} thats when you have to exercise them?
[09:15] {patience} y
[09:15] {ese} or sell them or whatever you do
[09:15] {Threei}  that's the difference between options and biceps...
[09:16] {larisa} gm :)
[09:16] {Threei}  latter you don't have to exercise ever
[09:16] {Threei}  larisa :)
[09:16] {ese} so basically your hoping the gold mrkt goes south
[09:16] {patience} yup, for a pullback and then i expect it to go back up
[09:16] {ese} lol
[09:17] {ese} the laught was for vad
[09:17] {ese} laugh
[09:18] {ese} not your trading
[09:18] {Threei}  meaning, he takes your trading seriously - unlike his take on me
[09:19] {ese} ha ha .....ha ha....trying to get me into trouble ehhhhhhhh
[09:20] {ese} watching the spiders aka "spy" right now....interesting juggling act
[09:21] {RonS} same whippy action w/ the euro and gold
[09:21] {davd} interesting, the dollar dropped a lot immed after report uup .4, then bounced to above the close uup .53
[09:21] {ese} hmmmmmm
[09:22] {davd} of course, gld was the reverse.
[09:23] {ese} i'm hanging in there with my prediction......mrkts going to shrugg off umemployment numbers and it's going to be an up day
[09:23] {jfjf64} mornin all
[09:23] {Threei}  jf :)
[09:23] {ese} jffffffffffffffffff!!!!!!!!!!!!!!!!!
[09:23] {jfjf64} essssssssssssssssseeeeeeeeeeeeeeeee
[09:23] {magoo} ese, bad numbers was conducive of green day
[09:24] {ese} it's the personel touch ....what can i say
[09:24] {magoo} better odds of QE2
[09:24] {ese} lol
[09:24] {davd} ese, i'd agree with your mrkts prediction,  the report was as expected, therefore unemployment not so bad but to too good for QE2
[09:25] {davd} but not too good for QE2
[09:26] {magoo} mkts are in overbought territory
[09:26] {davd} and the dollar heading down again.
[09:26] {ese} which report is it that subscribbers get before the report is made public?   Last week someone schooled me on that oe
[09:26] {ese} one
[09:26] {magoo} can be up day, but pllbk soon as in next few days
[09:26] {davd} i think it was the chicago, if you are a member...
[09:27] {jfjf64} ese
[09:27] {ese} tks........i found that bit of info very interesting
[09:27] {jfjf64} know ya a music guy
[09:27] {ese} yup
[09:27] {jfjf64} check out
[09:28] {jfjf64} good stuff
[09:28] {davd} interesting, ese, because i agree with you?:P
[09:28] {ese} will do
[09:29] {ese} opps shut out to non US subscribbers
[09:29] {jfjf64} hmm
[09:30] {ese} We are deeply, deeply sorry to say that due to licensing constraints, we can no longer allow access to Pandora for listeners located outside of the U.S. We will continue to work diligently to realize the vision of a truly global Pandora, but for the time being we are required to restrict its use. We are very sad to have to do this, but there is no other alter
[09:31] {magoo} FFIV dead
[09:31] {jfjf64} sorry  pal
[09:31] {RonS} de
[09:31] {jfjf64} im jammin to the  stones
[09:32] {Threei} Long Setup:  LVS  36 break
[09:32] {Threei}  stop under .90
[09:34] {Threei}  let's trail to .95... touched on 1:1 but too briefly
[09:34] {Threei}  out
[09:35] {Threei}  not enough time for exit but enough totightne the stop
[09:36] {Threei} Short Setup: GLD  .50 break half lot
[09:36] {Threei}  stop above .60
[09:37] {Threei}  no go
[09:39] {RonS} mos
[09:40] {jfjf64} rimm
[09:41] {Threei}  looks breaky if masrket finaslly choses
[09:41] {jfjf64} y
[09:41] {jfjf64} cant find  entry
[09:41] {Threei}  .70
[09:41] {jfjf64} big stop
[09:41] {jfjf64} .60
[09:42] {jfjf64} works
[09:42] {Threei}  half lot
[09:42] {jfjf64} k
[09:42] {magoo} bidu vad
[09:43] {Threei} Long Setup:  RIMM  .70 break
[09:43] {Threei}  if stays above .60
[09:43] {Threei}  IMGN Strength attributed to positive speculation ahead of a data presentation by partner Roche today
[09:43] {ese} in and out cost .82 .8+.07
[09:43] {ese} sorry too fast to post
[09:43] {ese} .89
[09:43] {Threei}  LVS was a rinse job
[09:44] {jfjf64} not folling
[09:44] {jfjf64} rimm
[09:45] {Threei}  either delayed or weaker than the market
[09:45] {Threei}  if just a delay, should explode when digests resistance
[09:47] {jfjf64} comon  baby
[09:47] {Threei}  (EU) ECB's Bini-Smaghi: Low interest rate environments for extended periods could result in risk taking and asset price bubbles
[09:49] {magoo} vad BIDU look fore biounce
[09:49] {Threei}  so far so good RIMM
[09:50] {jfjf64} go papa
[09:50] {jfjf64} we fighten
[09:50] {Threei}  come on, 1 cent to 1:1??
[09:51] {jfjf64} bolinger on top of  us
[09:51] {magoo} do not look at lvs vad
[09:51] {Threei}  I know
[09:52] {Threei}  (US) IMF Chief econ: Sees no need for additional stimulus in the US - French media (related EUR/USD EUR/GBP IXG XLF TLT SHY )
[09:52] {jfjf64} rude   s--t
[09:52] {Threei}  lol
[09:53] {jfjf64} wanna laugh
[09:53] {jfjf64} i  bought  on  pullbk   35.91
[09:54] {jfjf64} got  out  36.04
[09:54] {jfjf64} why
[09:54] {jfjf64} course i  dont know  how to trade
[09:55] {jfjf64} grrr
[09:55] {Threei}  market is locked whole opening time
[09:55] {Threei}  narrow range
[09:55] {Threei}  hate it
[09:56] {jfjf64} boy  look  mgm
[09:56] {Threei}  let's scratch RIMM, I have no read on it here anymore
[09:56] {jfjf64} k
[09:57] {Threei}  thing moves between stop and 1:1 not breaking either
[09:58] {Threei}  we are better off buying near stop level and selling near brea, lol
[09:58] {jfjf64} fcx
[09:58] {jfjf64} lots  vol
[09:58] {jfjf64} steady
[09:59] {magoo} out bidu .91 ty vad + .90
[09:59] {jfjf64} wow
[09:59] {jfjf64} gj
[10:00] {magoo} i begged u guys to look at it
[10:00] {jfjf64} was  playin  with  dog  with  fleas
[10:00] {jfjf64} rimm
[10:00] {jfjf64} lol
[10:00] {magoo} [09:42] {magoo} bidu vad
[10:00] {jfjf64} happy  hour  soon
[10:00] {magoo} [09:48] {magoo} vad BIDU look fore biounce
[10:00] {Threei}  I was nodding whole time
[10:01] {jfjf64} lrck
[10:01] {jfjf64} gettin killed
[10:01] {Threei}  *(US) AUG WHOLESALE INVENTORIES: 0.8 V 0.5%E
[10:02] {magoo} wow, bidu crossed 98.07 then hit .77
[10:02] {magoo} sick
[10:03] {magoo} carnagio' FFIV
[10:04] {RonS} gs lowered ffiv price target
[10:04] {davd} out lvs .39 (late on the stop, mistake) +.39
[10:05] {Threei} Long Setup:  FCX  .10 break half lot
[10:05] {ese} i can't trade tht one mags.....spread to volitile
[10:05] {ese} bidu
[10:05] {magoo} midssed
[10:05] {magoo} fcx fast'
[10:06] {ese} L stld .61
[10:06] {Threei}  1:1
[10:06] {jfjf64} missed
[10:06] {magoo} ese, i know, gotta size down
[10:07] {Threei} Short Setup: LVS  .40 break
[10:07] {jfjf64} gg
[10:07] {ese} out stld .66 +.05
[10:09] {magoo} seems index green but underneath alot of tech CRUSHED
[10:09] {ese} agreed
[10:09] {jfjf64} stop  lvs
[10:09] {jfjf64} ??
[10:09] {ese} look at klac
[10:09] {Threei}  .55 resistance
[10:10] {Threei}  grrr GCX
[10:10] {Threei}  FCX
[10:10] {Threei}  TIVO Strength attributed more speculation of possible settlement agreement with Dish (10.44, +0.14, 1.36%)
[10:10] {Threei}  ADBE Stanford Group Analyst Raised ADBE to Buy from Hold, price target: $40
[10:13] {RonS} ese don't look sndk
[10:13] {jfjf64} fcx
[10:13] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrr
[10:13] {davd} i missed fcx too
[10:15] {ese} L de .01
[10:16] {Threei}  did I mention I hate marrow range days?
[10:16] {Threei}  no go lvs
[10:17] {ese} now ya tell ya tell us
[10:17] {Threei}  no, I am pretty sure I told that before
[10:18] {davd} 3i, you were right, gs back to spot where we shorted earlier this week.
[10:18] {Threei}  [09:55] {Threei} market is locked whole opening time
[10:18] {Threei}  [09:55] {Threei} narrow range
[10:18] {Threei}  [09:55] {Threei} hate it
[10:18] {ese} how do you expect us to follow you blindly.......if you don't tells us this stuff
[10:21] {ese} out de .87 -.13  daaaaaaaa
[10:25] {jfjf64} mgm
[10:25] {jfjf64} strong  today
[10:31] {Threei}  (US) White House Goolsbee: Sept Private sector job growth provides evidence of economic recovery
[10:32] {magoo} lost my day LVS
[10:32] {magoo} and some
[10:32] {magoo} went sh .40, BIG
[10:32] {magoo} figured vad had one
[10:33] {magoo} then went long BIG...then went sh BIG DEAD
[10:33] {Threei}  you know the size of the stop, why don't you size position accordingly?
[10:33] {magoo} figured u were due
[10:33] {magoo} would have been done
[10:34] {Threei}  this is just not the way to trade
[10:34] {magoo} really?
[10:34] {ese} de ...daaaaaaaaaaa  theses the reason i'm going to crink heavily at vads next shiskabob party
[10:35] {ese} theres
[10:35] {ese} drink
[10:36] {Threei} Long Setup:  RIMM  .40
[10:36] {Threei}  if stays above .30
[10:38] {ese} in .4099672
[10:38] {magoo} in .37
[10:38] {ese} better than mine
[10:38] {Threei}  if this one doesn't work I'll eat my keyboard
[10:38] {Threei}  perfect chart
[10:40] {magoo} ill cut my wrists with banana
[10:40] {ese} based on the daily should go for days
[10:41] {ese} the banana idea is good....self preservation......i like that
[10:42] {Threei}  1:friking 1
[10:42] {nemo} vwap .56 I wouldn't think it goes further unless market breaks
[10:42] {magoo} plus u can eat it for snack after
[10:42] {ese} out 1/2
[10:42] {Threei}  stop to under b//e
[10:42] {ese} y
[10:45] {magoo} how high t get?
[10:45] {magoo} im waitin .63'
[10:45] {jfjf64} lets print .56
[10:46] {Threei}  .55 so far mags
[10:47] {magoo} ty
[10:48] {Threei}  BAC To halt foreclosures in all 50 states - CNBC (13.37, +0.06, 0.45%)
[10:48] {Threei}  how?
[10:48] {Threei}  just "don't pay and we are fine with it"?
[10:48] {ese} ?
[10:49] {nemo} if they don't foreclose, they don't have to write it off, therefore, no whack to reserve capital
[10:49] {ese} i don't think the mrkt is going to like that
[10:49] {nemo} [10:41] {nemo} vwap .56 I wouldn't think it goes further unless market breaks
[10:49] {ese} good thought nemo
[10:49] {Threei}  next step:
[10:49] {nemo} comrade
[10:49] {Threei}  they don't foreclosure, everyone stops paying and they are left with nothing
[10:50] {larisa} they investigating the fraud
[10:53] {RonS} ...this cartoon tells the tale:
[10:54] {RonS} ...reading tales of FLA homes that were paid off being foreclosed via false documentation
[10:55] {Les} 1:friking 1?
[10:56] {Les} afternoon. how goes it?
[10:56] {magoo} rough
[10:56] {ese} out in full rimm ,.51 last portion
[10:57] {magoo} u have size ese?
[10:57] {Les} right. I see the indexes
[10:57] {Threei}  LVS new high
[10:57] {Threei}  hey Les
[10:58] {ese} 3k
[10:58] {magoo} nice
[10:58] {ese} went 15 and 15
[10:58] {magoo} im looking .70 area
[10:59] {ese} good on know this stock much better than i
[10:59] {jfjf64} mgm
[10:59] {ese} i'm just lookin at how de shook me's up a buck now......that stuff will cause me to drink
[11:00] {davd} gld back to wedn close
[11:01] {Threei}  (US) Treasury Sec Geithner: rebalancing efforts being undermined by FX intervention
[11:02] {Threei}  whose intervention?
[11:02] {RonS} what rebalance?
[11:05] {nemo} capital flows
[11:06] {Threei}  1:frikin 2
[11:06] {Threei}  - Says it vital to cooperate through international institutions to bolster growth; IMF needs to speak more forcefully about the challenges to the recovery.
[11:06] {magoo} u ever see rimm move so hard
[11:07] {RonS} imf has never said anything meaningful in its existence
[11:08] {khaln} .
[11:08] {RonS} cushy, pampered bureaucrats who sit around handing out US taxpayer money
[11:09] {RonS} 'course geitner admitted that he has never had a real job...
[11:10] {Threei}  or paid taxes
[11:11] {Les} i was reminded of UN as well other day Ron
[11:11] {Les} new neighbour
[11:11] {Les} ex UN Health
[11:11] {Les} retired 56
[11:11] {Threei}  1:frikin 3
[11:11] {Threei}  out
[11:11] {magoo} out .74 TY vad
[11:11] {Les} with 250k pension
[11:11] {magoo} SHEESH
[11:11] {Threei}  welcome
[11:11] {Les} never paid taxes
[11:11] {magoo} BIG
[11:12] {Les} sorry not pension, just a payout
[11:12] {Les} pension also generous I imagine
[11:12] {Les} why ain't I working for UN i ask myself
[11:13] {Les} happy to see this frikin gravy train gonna collapse soon
[11:13] {Threei}  me too
[11:15] {ese} L stx .00
[11:15] {ese} large
[11:16] {ese} out half .11 5k
[11:16] {ese} out in full .16 remaining 5k
[11:16] {Threei}  nice
[11:17] {RonS} good catch ese
[11:17] {ese} tks
[11:17] {ese} it'll be a nice relaxing weekend
[11:18] {ese} that felt like days of old
[11:22] {ese}  I was into stx before that 11:10 soon as i saw that 670000 print had a gut feeling it was going to pop
[11:26] {ese} L fitb .52
[11:26] {RonS} cat just broke out...
[11:26] {RonS} big vol
[11:27] {ese} out fitb .57 +.05
[11:28] {RonS} being rejected?
[11:28] {ese} wow took it at .57
[11:29] {RonS} Hello?
[11:30] {ese} sorry ron....what up
[11:30] {ese} was looking at something esle
[11:31] {RonS} i guess you are the only one here...:s
[11:32] {khaln} zzzzzzzzzz
[11:32] {RonS} dang missed entry cat
[11:32] {ese} people get focused on stuff sometimes and don't look at the board
[11:33] {RonS} ya
[11:33] {ese} i'm focused in on fitb.....this is looking seriously long to me from a daily chart perspective
[11:33] {Threei}  what the
[11:33] {RonS} one of the reasons i miss dino...he has more discipline than most
[11:34] {ese} wellllllll i never...........huh....well if thats the way you fell......
[11:34] {ese} feel
[11:36] {RonS} hey ese u were here...we all are independent...just sayin dino is really good
[11:36] {ese} kidin ya fella.......
[11:37] {ese} vad if your hangin.....what do you think of fitb dialy chart
[11:37] {ese} check out that nice little cup at 12:50
[11:38] {RonS} hmmm, adbe looks like its on a run...
[11:40] {Threei}  daily I like
[11:40] {ese} adbe looks good too
[11:40] {Threei}  intraday is kind of too narrow
[11:40] {ese} 1min chrt
[11:40] {ese} ya.....agreed
[11:40] {Threei}  and president is coming up on TV within 5 min
[11:40] {Threei}  so let's prepare our shorts?
[11:41] {RonS} oh crap...but its been over a week since he tanke the market...
[11:41] {RonS} tanked
[11:42] {ese} you doin with still in........nice if you are
[11:46] {magoo} no, but im at day high, hit BIDU couple times, and WYNN once
[11:46] {magoo} was down green
[11:46] {magoo} its all VADS fault lol
[11:46] {Threei}  sigh
[11:47] {ese} i looked at wynn....shoulda done buying or am I this weekend
[11:47] {magoo} i thought he was due and bought half the LVS float he he
[11:48] {ese} i send ya out a BC wine  fed ex
[11:48] {magoo} u are
[11:48] {ese} lol
[11:49] {ese} well ya know........thats what we get for following vad blindly
[11:49] {ese} i'm not on tv .....whats the pres saying
[11:51] {jfjf64} rimm
[11:51] {jfjf64} pull bk
[11:52] {RonS} usual, if you agree with him you are brilliant, if you don't you are racist and the meantime he ahs rto work hard playing golf and driving the economy out of the ditch
[11:52] {RonS} ...and i know that w/o my TV...
[11:55] {ese} hmmmmmmmm
[11:57] {Threei}  RIMM Hearing OTR Global Research makes cautious comments (timing uncertain) (49.05, +1.13, 2.36%)
[11:57] {magoo} im looking short now
[11:57] {magoo} flat tho
[11:57] {RonS} ...anyone ever heard of them?
[11:57] {Threei}  try higher heel shoes?
[11:58] {RonS} lol
[11:58] {jfjf64} whats up jcp
[11:59] {RonS} bill ackman bought a larger position and is now pimping it
[11:59] {jfjf64} bigsales going on
[11:59] {RonS} large
[11:59] {RonS} retyrace of the move yest
[12:00] {jfjf64} ty
[12:01] {jfjf64} s .97
[12:02] {jfjf64} stop b/e
[12:06] {jfjf64} die
[12:06] {jfjf64} sell half
[12:07] {jfjf64} out
[12:23] {magoo} .
[12:27] {davd} is spy a downward wedge from 11:30 am?
[12:28] {Threei}  there is no significance to it
[12:28] {Threei}  it's just a stall
[12:28] {davd} ok
[12:28] {Threei}  as in "nothing happens, any meaning you put into it is what yu put into it"
[12:29] {davd} right, trade what you see, not what you think,
[12:31] {ese} man....ahhhhhh......I think i should trade............did i get that right
[12:33] {RonS} ?
[12:33] {Threei}  that's what third glass of whisky does to one Ron
[12:34] {RonS} but he spelled everything correctly...
[12:34] {ese} lol
[12:35] {Threei}  spelling goes down after 4th
[12:35] {ese} speaking of that......after work today am going out to buy a case of a BC wine called Copper Moon..........dirt cheap but very fruit forward.......
[12:35] {RonS} lol
[12:35] {ese} the Shiraz
[12:35] {RonS} fruit forward...have not heard that since I moved from SF
[12:36] {ese} maybe one of the best cheap table wines i've ever come accross
[12:36] {ese} too funny ron
[12:36] {ese} whoaaaa....that will get you into trouble
[12:37] {RonS} ...better than two buck chuck?
[12:37] {ese} L swing trade fitb .46
[12:45] {magoo} from top gun (watched last nite) "simple fact is u have a confidence problem" er, um, vad, ENGAGE
[12:46] {Threei}  sigh
[12:46] {Threei}  do you see clean well structured setup?
[12:46] {davd} in fitb .46
[12:47] {Threei}  because if you don't, let me tell you what happens next
[12:47] {Threei}  impatience gets you into trade with no basis for it,m
[12:47] {Threei}  you lose,
[12:47] {Threei}  try to get it back,
[12:47] {Threei}  push more and lose more
[12:48] {Threei}  then you yell at me that you are in the hole and I need to find you the trade to get even
[12:48] {jfjf64} so true
[12:48] {magoo} i just have the movie in mind, not trading
[12:48] {Threei}  uhhu
[12:48] {jfjf64} never  break  ya rules
[12:48] {jfjf64} period
[12:49] {Threei}  ECB's Draghi: there is no global currency war,, but FX misalignments can damange the world economy
[12:49] {Threei}  I want any of these folks to come out and tell us how they envision right alignment
[12:50] {Threei}  they speak of it as if it were simple straightforward issue
[12:50] {Threei}  press china inot lifitjg their currency echange rate, and all ills are resolved
[12:50] {Threei}  want to see that $5 t-shirt at $50?
[12:50] {Threei}  what do you do then?
[12:51] {RonS} uh, buy fewer t-shirts?
[12:51] {Threei}  like, 1/10 of it?
[12:51] {RonS} get them on sale?
[12:51] {RonS} shop goodwill?
[12:52] {jfjf64} im  watchin aeo
[12:52] {RonS} wear the 50 you already have?
[12:52] {jfjf64} tons of sellin .90
[12:52] {RonS} eat cake?
[12:52] {jfjf64} not  budging
[12:52] {RonS} :)
[12:53] {Threei}  I am waiting for some option that includes rain it Ron
[12:53] {Threei}  in it
[12:53] {RonS} lol
[12:53] {Threei}  as in "and sometimes it rains" :)
[12:53] {Threei}  broke jg
[12:53] {ese} lol
[12:54] {jfjf64} yup
[12:54] {jfjf64} .91
[12:54] {jfjf64} s
[12:57] {jfjf64} 1/1
[13:00] {jfjf64} lk to  break 20 ma
[13:02] {jfjf64} die
[13:03] {Threei}  nice jf
[13:03] {jfjf64} 1/2
[13:04] {jfjf64} still hv all
[13:05] {jfjf64} good target??
[13:05] {Threei}  looks like
[13:05] {Threei}  also slow afernoon action is hard to read
[13:06] {Threei}  hmmm
[13:06] {Threei}  president is on again
[13:06] {Threei}  I mean, to appear on TV just once a day, what kind of day would that be
[13:06] {RonS} it's all about the sycophant
[13:09] {jfjf64} out
[13:09] {RonS} gj jf
[13:09] {Threei}  wtg
[13:10] {jfjf64} ty
[13:10] {jfjf64} 5k  those  babies
[13:10] {jfjf64} yeahhhhhhhhhhhhhhhhhhhhhhhhhhh
[13:10] {jfjf64} lv this game
[13:10] {jfjf64} structure
[13:11] {jfjf64} low risk
[13:11] {jfjf64} never break ya rules
[13:11] {ese} gotta go ....have a great long weekend....still L fitb.....will be long for a few days i think....we'll see what the mrkt does tues
[13:11] {Threei}  take cvare ese, hacve a good weekend
[13:11] {jfjf64} later ese
[13:11] {Threei}  not long though
[13:12] {ese} cya
[13:13] {jfjf64} outta here also   good  week   ty
[13:14] {jfjf64} thanks for all ya  help
[13:14] {Threei}  welcome jf, have a good one
[13:14] {jfjf64} look that  sale
[13:14] {jfjf64} aeo
[13:15] {jfjf64} nice
[13:15] {jfjf64} see all monday
[13:15] {jfjf64} later  ron
[13:16] {RonS} cya jf
[13:23] {Threei} Short Setup: FCX  .30 break
[13:23] {Threei}  half lot
[13:36] {magoo} mgm strength mind dougling
[13:37] {Threei}  no go FCX
[13:39] {magoo} stopped
[14:00] {magoo} lvs dump
[14:05] {Threei}  and bounce
[14:05] {Threei}  shrig
[14:06] {Threei}  friday aftrenoon meaningless noise
[14:06] {Threei}  (UK) Fin Min Osbourne: sees genuine desire to reach a consensus on foreign exchange issues at IMF meetings
[14:06] {Threei}  - Believe currency rates should reflect fundamentals.
[14:06] {Threei}  fundamentals eg
[14:06] {Threei}  care to define what those are?
[14:12] {RonS} ...same as what they have been for 100's of years:  Germans, Chinese bad...British good
[14:12] {Threei}  oh
[14:12] {Threei}  really... how did I fail to think of that
[14:12] {Threei}  and French, don't forget French...
[14:13] {RonS} ah but the British have always had a fickle relationship and feeling about the French...the country matured wanting to be France
[14:14] {RonS} the pesky 1066 thing...when the French became the British...Normans
[14:14] {magoo} ive been waiting for pllnbk all day
[14:14] {magoo} maybe now
[14:22] {Threei}  IMGN Announces Positive Interim Results in Randomized Clinical Trial Comparing Trastuzumab-DM1 vs. Standard First-Line Therapy for First-Line HER2+ Metastatic Breast Cancer (7.02, +0.32, 4.78%)
[14:23] {RonS} ...looks like someone got the news 45 minutes ago...
[14:24] {Threei}  08 Oct 2010 09:42 [IMGN] Strength attributed to positive speculation ahead of a data presentation by partner Roche today more...
[14:30] {RonS} Senator Harry Reid Calls On Total Foreclosure Halt In All 50 States
[14:30] {RonS} say hey, "i have an election to win"
[14:30] {strider} Good.  I can stop paying my mortgage.
06[14:31] * Threei loads his house in the trunk and moves to US
[14:32] {strider} I thought you were going to upgrade to a single-side, vad.
[14:32] {strider} wide
[14:32] {strider} then you could pull it.
[14:32] {RonS} ...shocked to find gambling...China Spurns Pledges in Climate-Change Pact, U.S. Says
[14:34] {RonS} ...bloodsucker...Feinberg Firm Paid More Than $2.5 Million by BP in 3 1/2 Months
[14:35] {strider} AMN bull flag
[14:35] {strider} amzn
[14:49] {davd} .
[14:51] {davd} amzn bull trap?
[15:19] {Threei}  no sell
[15:19] {magoo} lets hear what u all thgink
[15:19] {Threei}  sideways or up
[15:20] {davd} i think market will close at the high, rally last 5 minutes
[15:22] {strider} going back to the barn
[15:23] {davd} i'm usually wrong - go with 3i
[15:25] {Threei}  RIMM sharp pullback
[15:30] {Threei}  (SA) South Africa Fin Min: US quantitative easing could boost capital flows into emerging markets and dirve up currencies (related USD/ZAR )
[15:30] {Threei}  oh goodie, let's do it
[15:30] {Threei}  South Africa likes
[15:35] {strider} FCX not following market.
[15:35] {strider} yet
[15:36] {Threei}  I have this nagging feelinf that magoo is long somethng
[15:36] {magoo} i like lvs mgm
[15:37] {magoo} not in anything, was stalking bidu in .50 area, f'in phone got me
[15:38] {magoo} im at my high but wotrkred to hatrd
[15:38] {magoo} to many shares too
[15:41] {strider} short fcx .74
[15:41] {magoo} l .59 mgm
[15:42] {magoo} if IF gets .65, boom
[15:42] {magoo} there
[15:44] {magoo} tearget .77
[15:45] {magoo} sheesh, dont like the pllbk
[15:46] {strider} cover part .60
[15:46] {strider} fcx
[15:46] {magoo} nice
[15:48] {magoo} didnt realize time,
[15:48] {strider} part  +.55
[15:48] {strider} not +.55
[15:48] {strider} +.19
[15:48] {strider} at .55
[15:49] {magoo} lol, ok
[15:49] {strider} late day dreamin'
[15:49] {larisa} gj, could not decide long or short on FCX :)
[15:49] {strider} looking for .45
[15:49] {strider} thx
[15:50] {magoo} MGM trying, still in
[15:50] {strider} It's come a long way today.
[15:51] {strider} running out of time, though
[15:52] {magoo} 8 minutes usa time
[15:53] {strider} you mean time goes slower or faster in other countries?
[15:54] {magoo} he he
[15:54] {strider} I wish vad would sit on fcx.
[15:55] {strider} stop some more +.11
[15:55] {Threei}  why?
[15:55] {strider} still holding a little.
[15:55] {strider} why?
[15:55] {strider} Because you wouldn't sit on it.
[15:56] {magoo} this was hard day, going back to my old job at the tasty freeze
[15:57] {strider} can we get discounts?
[16:00] {strider} out balance .52
[16:00] {strider} with 45 seconds to spare.
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good weekend
[16:00] {larisa} bye :)
[16:00] {Threei}  see you on Monday
[16:00] {strider} you too
[16:02] {magoo} bye all