Wednesday, October 13, 2010

Oct 13 2010

Session Time: Wed Oct 13 00:00:00 2010

We have shown a lot of great setups resolving in profits. Well, sometimes
losing trade is even more useful for educational purposes, and today's one
is exactly this. Below are two charts: intraday 1 min and daily. Both have
resistance at 81 as long trigger: nice consolidation, break of the range -
all in all, perfect setup. A bit too perfect, as turned out. Probably it was
too obvious to work, but this kind of breaks in multiple time frames works
spectacularly more often than not.

A trade triggered by breaking $81 and fizzled out after advancing just 8
cents. Stop was hit for 17 cents less, and CAT proceeded lowr to 80.50
before bouncing.. What a trader to do? take a loss, shrug, move on. Next bus
is around the corner.

[08:11] {magoo} morning, i see AAPL takes the significant 300 level premkt
[08:16] {jfjf64} mornin
[08:22] {magoo} i guess JPM was good, havent researched it
[08:24] {magoo} vad...VADDDDDDD...wake up...its earnings season...WHAAAAWHOOO
[08:28] {magoo} they smacked mgm, lvs, wynn afterhrs last nite
[08:29] {Threei}  gosh... what's with yelling
[08:29] {Threei}  MGM had news
[08:30] {Threei}  yesterday
[08:30] {magoo} rise and shine
[08:30] {magoo} your new hours are earlier in earnings season
[08:30] {magoo} i want u up active 45 mins earlier ok
06[08:31] * Threei is looking around, trying to find his basebal bat
[08:31] {Threei}  MGM Reports Q3 prelim -$0.72 (incl charges) v -$0.24e, R $1.56B v $1.5Be
[08:31] {Threei}  MGM Offering 40.9M shares of common stock (9% of shares outstanding), largest holder Tracinda Corporation offering 27.8M shares (6% of shares outstanding)
[08:31] {ese} morning.....if anyone is hangin
[08:32] {Threei}  magoo will, in a minute
[08:33] {ese} morning vad
[08:34] {ese} dino on holidays these days
[08:35] {Threei}  should be back any minute
[08:35] {Threei}  JPM Reports Q3 $1.01 v $0.90e, R$23.8B v $24.7Be
[08:42] {ese} asml
[08:43] {davd} mgm taking the slam worse than lvs
[08:43] {davd} the "smack"
[08:44] {Threei}  yup, earnings was MGM's, LVS is moving in sympathy
[08:45] {magoo} ASML news
[08:45] {strider} AIXG VECO
[08:46] {Threei}  ASML.NV Reports Q3 Net 269M v 244Me, Rev 1.2B v 1.1Be
[08:48] {davd} i'm watch tlt
[08:59] {nemo} Well, outta' here for the day most likely
[09:00] {dino} gm all
[09:01] {ese} diiiiiiiiiiiiinnnnnnnoooooooooo!!!!!!!!1111
[09:01] {Threei}  dino :)
[09:01] {Threei}  welcome back
[09:02] {magoo} dino:0
[09:02] {dino} thx
[09:03] {magoo} SIGA vad
[09:05] {Threei}  SIGA Selected for the Procurement of Smallpox Antiviral Drug for the Strategic National Stockpile; Responds to Small Business Size Protest
[09:05] {Threei}  EUR/USD Euro gives back most of overnight gains - dealers
[09:05] {strider} THOR  LLTC
[09:07] {Les} afternoon all
[09:08] {RonS} howdy all
[09:08] {kowboy} gm
[09:09] {magoo} buck since i mentioned it
[09:09] {magoo} dammit
[09:09] {Threei}  les, ron, kowboy :)
[09:12] {davd} dino!
[09:13] {magoo} dino, these guys were crying like babies all week wanting u back
[09:13] {Threei}  "Bo, the White House dog, turns 2 years old today. Do you know the difference between Bo and the economy? Obama has fixed the dog." - David Letterman
[09:14] {dino} lol
[09:14] {ese} ouch
[09:15] {Les} what does he mean *fix*?
[09:15] {ese} lol
[09:15] {ese} LESSSSSSS!!!!!!!!!!!! wake up!!!!!!!1
[09:16] {khaln} g morning:)
[09:16] {Threei}  khaln :)
[09:16] {ese} k
[09:16] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:16] {ese} laris
[09:16] {khaln} ese
[09:16] {larisa} vad, ese :)
[09:18] {davd} what's the difference between the obama dog and the economy - "house broken" vs "broken housing"
[09:19] {Les} hehe
[09:22] {magoo} 2 dogs in the whie hous, u figure it out
[09:26] {ese} i still think you all are being unusually harsh on the man.........he's walked into one of the worst economic nightmares ever.......there ain't no way he can fix it right away
[09:27] {jfjf64} hmm
[09:27] {Threei}  I still think it's more about unhappiness with the direction he chose to fix it... :)
[09:27] {jfjf64} i agree   bobo has lots of  work
[09:28] {RonS} ...he could not hurt the economy...and that is what has been done.
[09:28] {davd} i agree ese, i just like dog jokes
[09:28] {jfjf64} agree  ron
[09:28] {jfjf64} period
[09:29] {ese} just the fact he got in signalled to the world you all down there elected a decent person...intelligent person and a family man........reflects on your whole country
[09:29] {ese} from that perspective
[09:30] {jfjf64} hmm
[09:30] {magoo} cash halt
[09:30] {magoo} CASH
[09:30] {RonS} Jimmy Carter was "decent" and a disaster...
[09:31] {jfjf64} politics vs trading
[09:31] {jfjf64} trading
[09:31] {jfjf64} lol
[09:31] {Threei}  JPM CEO Dimon: Confident in ability to earn good returns in the "new world" created by FinReg - conf call (40.63, +0.23, 0.57%)
[09:31] {magoo} halt MGM
[09:31] {magoo} jesus
[09:31] {Threei}  lol
[09:32] {magoo} 21 mill sh
[09:32] {magoo} then open halt
[09:32] {davd} cash re-opned
[09:32] {strider} ADTN
[09:33] {ese} out csiq .73 +.68 on 2k .....hold from yesterday
[09:33] {jfjf64} wtg
[09:33] {Threei} Short Setup: LVS  39 break
[09:33] {ese} nice way to start the day
[09:33] {Threei}  half lot
[09:33] {Threei}  invalidated
[09:34] {Threei} Long Setup:  JPM  on pullback to .50
[09:34] {Threei}  with stop under .40
[09:35] {davd} in jpm .5
[09:35] {Threei}  .50 cross
[09:36] {Threei}  not watching SPY, davd
[09:36] {Threei}  was still dropping at the moment
[09:37] {davd} ii
[09:37] {Threei}  LVS got away
[09:38] {jfjf64} lvs  rince
[09:38] {Threei}  getting readu for bounce
[09:38] {magoo} jpm l .20
[09:38] {Threei}  LVS .65 break
[09:40] {Threei}  1:1
[09:40] {jfjf64} candles  long  snappy
[09:40] {Threei}  nice JPM
[09:40] {jfjf64} no lk
[09:40] {magoo} out .81 LVS nice vad
[09:40] {Threei}  :)
[09:42] {magoo} ynn new lows
[09:42] {magoo} wynn
[09:42] {jfjf64} wynn  bounce
[09:44] {Threei} Long Setup:  CHKP  .72
[09:44] {Threei}  half lot
[09:44] {jfjf64} chkp
[09:44] {Threei}  stop under .60
[09:46] {magoo} lvs nuts
[09:47] {davd} in chkp .7
[09:47] {magoo} out here jpm .55 ty vad
[09:47] {jfjf64} wynn
[09:47] {jfjf64} buck  bounce
[09:47] {magoo} .54
[09:47] {jfjf64} lvs
[09:51] {Threei}  no go CHKP
[09:51] {jfjf64} wynn pull bk
[09:51] {davd} out chkp stopped
[09:54] {Threei} Long Setup:  LVS  .05
[09:55] {Threei}  if stays above .95
[09:55] {magoo} in
[09:56] {jfjf64} lets go spy
[09:57] {Threei}  hrrr
[09:58] {Threei} Long Setup:  CAT  81
[09:58] {davd} intel and jpmorgan weak
[09:58] {Threei}  if stays above .85
[09:59] {dino} chk gap fill
[09:59] {Threei}  huge break on daily
[09:59] {dino} eqix sm l .75
[10:01] {Threei}  big offer taken at .95
[10:01] {davd} in cat .95
[10:02] {jfjf64} jumped .96
[10:02] {dino} chk l .15
[10:03] {ese} L altr .50
[10:04] {dino} out chk .32, +.17
[10:05] {Threei}  come on CAT, surely you can do better than that on such break
[10:05] {ese} welcome back dino
[10:06] {ese} out altr .62 +.12
[10:06] {dino} ty
[10:08] {Les} weekly charts showing CAT resistance area vad. dunno if that counts
[10:08] {jfjf64} csco
[10:08] {jfjf64} on kramer march
[10:08] {Threei}  that's exactly what triggers the trade
[10:08] {Threei}  break of that resistance
[10:09] {Threei}  MGM Confirms pricing of 68.7M share offering at $12.65
[10:10] {Les} ok
[10:11] {Threei}  sheesh
[10:11] {Threei}  one of those days
[10:11] {Threei}  sometimes setup is too perfect to work...
[10:12] {Les} and sometimes the dog gets fixed
[10:12] {davd} both jpmorgan and intel at day lows
[10:13] {davd} out cat stopped
[10:14] {dino} chk l .10
[10:14] {ese} when chk settles down dino it'll be worth getting back into
[10:15] {ese} spoke to late
[10:15] {Threei}  MGM open
[10:15] {dino} yeah
[10:16] {davd} in chk .1
[10:22] {Threei}  look and CAT and say thank goodness for disciplined stops
[10:23] {davd} i thank 3i, but g-d is second
[10:23] {Threei}  lol
[10:24] {RonS} strange action in zmh...look at the 2 day intra
[10:26] {magoo} l jpm .13
[10:27] {dino} out eqix .07, +.34
[10:28] {dino} .32
[10:31] {davd} out chk ..08 stopped
[10:32] {dino} out chk flat, something not right
[10:32] {Les} GLD/GDX might be ready for sell off
[10:33] {magoo} stoped jpm
[10:34] {jfjf64} this  day  pur  S
[10:34] {RonS} i see aapl broached 300
[10:34] {dino} smg
[10:45] {Threei}  where do you see that Les?
[10:46] {davd} never doubt gold
[10:51] {Threei}  HIG
[10:51] {Threei}  HIG Hearing renewed takeover chatter circulating (24.82, +0.43, 1.76%)
[10:52] {dino} mtb sm l .60
[10:53] {Les} yeh, GDX didn't make 1:1. not a sound setup
[10:53] {davd} in mtb .6 small
[10:55] {Les} X
[10:55] {Les} about to play catchup with the index?
[10:57] {Threei}  not sure
[10:57] {Threei}  somethig isn't exactly right with it
[11:00] {magoo} sPY @ high
[11:00] {Threei}  and looks breaky
[11:00] {Threei}  but I am wrong today with unusually high percentage
[11:00] {Threei}  (US) SEC approves proposal on voting cap on derivatives clearing and trading locations; Vote 5-0 (related ICE )
[11:05] {RonS} did u know?...the drilling crew in chile was pulled out of Afghanistan...are US people and the head guy is a Coloradan
[11:06] {ese} L mrvl .25
[11:06] {Threei}  really?
[11:06] {Threei}  FCX
[11:07] {Threei}  .50 break
[11:07] {magoo} in
[11:07] {magoo} i keep the faithe boss
[11:07] {Threei}  1:1
[11:08] {magoo} out .71
[11:08] {magoo} ty
[11:11] {Threei}  AIG Hearing Bruce Berkowitz makes positive comments on the upcoming AIA IPO (timing uncertain) (42.02, +0.24, 0.57%)
[11:12] {RonS} Cramer's partner?  (former)
[11:14] {magoo} pretty good out i must say fcx
[11:18] {Threei}  yup
[11:18] {magoo} markkets feel toppy to me
[11:18] {khaln} .
[11:18] {Threei}  to me too
[11:18] {magoo} in my best capn kirk, buried alive in center of dead planet " kkkkkkkaaaaaaaahhhhhhhhnnnnnnnnnn"
[11:19] {ese} raising Khain?
[11:21] {Threei}  OPEC President reportedly suggests an extraordinary meeting for Dec 14 (next regularly scheduled meeting is tommorow) (related USO OIH )
[11:21] {Threei}  extgraordinary?
[11:21] {RonS} Europe closes in 10 minutes...if we reverse today it may be a starting time...
[11:21] {Les} GDX profit taking happening. dunno if GLD gonna join in .95 b/d?
[11:22] {Les} $POG ain't looking short yet though
[11:23] {Les} maybe in the afternoon
[11:26] {davd} out mtb .45 stopped
[11:27] {Threei}  I am really tempted to start looking for shorts
[11:27] {magoo} i feel likre a flash crash 2 is coming
[11:27] {RonS} ...not today...
[11:28] {Les} GDX .50 b/d?
[11:28] {RonS} ...if, when it happens it will come overnight...and blindside US market
[11:29] {RonS} imo
[11:29] {Threei} Short Setup: CAT  .70 break
[11:29] {Les} ooh yeh miners getting their dues
[11:29] {dino} mtb stopped -.20
[11:31] {Threei}  what the deuce today
[11:32] {ese} i'm with you
[11:33] {RonS} sm l tza .50
[11:50] {kowboy} joe
[11:55] {magoo} u sure know how to make an entrance jf:)
[11:55] {jfjf64} grrr
[11:55] {Threei}  lol
[11:55] {jfjf64} bad day  mags
[11:55] {jfjf64} 3i  not  lol
[11:55] {jfjf64} lol
[11:56] {jfjf64} cant even  get on mibbit
[11:56] {Threei}  bruises on the forehead by the multiple attempts to break the door?
[11:56] {jfjf64} had  CAPSon
[11:56] {jfjf64} der
[11:56] {strider} Saint Joe may need to take additional impairments, Einhorn says, Reuters reports
[11:56] {strider} Greenlight Capital's David Einhorn is set to discuss St. Joe Co (JOE) and will say that the company took an "aggressive approach" to land development. Einhorn will also suggest that the company may need to take additional impairments, Reuters reports.
[11:59] {strider} AVP
[12:03] {jfjf64} little  bob marley
[12:03] {jfjf64} makes everthin better
[12:05] {dino}  lol
[12:05] {jfjf64} welcome dino
[12:05] {jfjf64} back
[12:06] {dino} ty
[12:06] {jfjf64} the way this day going should of stayed away
[12:09] {jfjf64} l  lvs .11
[12:10] {dino} motr
[12:18] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzgazat...*&*&^^*snorgzzzzzzzzzzzzz......aheeeemmmmmmmmzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:20] {Threei}  this zzz will end soon
[12:20] {Threei}  stall of the last hour and half will resolve in something violent I bleive
[12:20] {Threei}  not sure which way though
[12:21] {larisa} up up up
[12:21] {Threei}  my feel is down, but with my track record today, you can safely bet against me :)
[12:24] {dino} back in couple hours
[12:25] {strider} cover JOE +.73
[12:25] {strider} thank you, Joe
[12:25] {jfjf64} wecome
[12:25] {jfjf64} lol
[12:26] {jfjf64} wtg
[12:26] {strider} yes!
[12:27] {jfjf64} good 4 ya
[12:27] {RonS} out tza -.09
[12:28] {ese} well's up....not violently up ....but up
[12:28] {jfjf64} out lvs
[12:28] {jfjf64} +9
[12:29] {Threei}  see, we both are right - larisa in suggesting up and I - in suggesting to bet against my "down"
[12:29] {Les} +9.00 jf?
[12:29] {jfjf64} haa
[12:29] {jfjf64} 9cents
[12:29] {jfjf64} hmm why i leave
[12:30] {Les} oh :(
[12:30] {Les} better than a kick in the teeth
06[12:31] * strider slaps Les around a bit with a large set of steel false teeth
[12:31] {larisa} steel teeth can be real ?:)
[12:32] {jfjf64} .27  s lvs
[12:32] {strider} I didn't say that, larisa :)
[12:32] {larisa} ok :)
[12:32] {strider} but Les probably thinks so.
[12:33] {strider} JOE trying to get up off the mat.
[12:34] {jfjf64} die  lvs
[12:34] {Les} i'd believe you wearing a metal mouth hillbilly
[12:35] {strider} Essential tool.
[12:35] {Les} engraved with the letters "H-A-R-L-E-Y" when you smile
[12:35] {strider} no.
[12:35] {strider} "Yo Mama"
[12:35] {Les} :)
[12:36] {strider} Einhorn: Saint Joe Co. should return to rural land company, Reuters reports
[12:36] {strider} Greenlight Capital's David Einhorn says St. Joe Co (JOE) should return to its roots as a rural land company. Einhorn says if the company continues along with small real estate sales, there will be "nothing left" in 10-15 years and that further development by the company would "destroy value," Reuters reports. :theflyonthewall
[12:38] {jfjf64} stop at .26
[12:38] {jfjf64} no loosin money
[12:39] {jfjf64} flat
[12:39] {Threei}  GLD not making highs with market
[12:42] {jfjf64} .92  short
[12:42] {jfjf64} ??
[12:43] {Threei}  I think so
[12:43] {jfjf64} in
[12:43] {jfjf64} .89
[12:45] {jfjf64} half out
[12:47] {jfjf64} stop b/e
[12:48] {jfjf64} traffic  .70
[12:48] {jfjf64} .65
[12:52] {jfjf64} looks lk  wants  lower
[12:53] {jfjf64} gimme .79
[12:54] {jfjf64} out.90
[12:54] {Threei}  good discipline
[12:54] {jfjf64} rules  dont  break  ya rules
[12:54] {Threei}  secure half of profit, protect the rest against the loss
[12:55] {jfjf64} if not  what are we here 4
[12:55] {jfjf64} structure
[12:55] {jfjf64} lol
[12:55] {Threei}  booze?
[12:55] {Threei}  weed?
[12:55] {Threei}  girlz?
[12:55] {jfjf64} yeahhhhhhhhhhhhhhhhhhhhhhhhhh
[12:55] {jfjf64} weed
[12:55] {jfjf64} 3i
[12:55] {jfjf64} ya asurprized me
[12:57] {magoo} magoo resigns from room, his mentor is pothead
[12:57] {jfjf64} haaaaaaaaaa
[12:57] {jfjf64} oh boy
[12:57] {Threei}  in high school, lol
[12:58] {jfjf64} lookin at  these charts  14  years
[12:58] {jfjf64} what ya  expect
[12:58] {magoo} the poli boro let u smoke in high sch/
[12:59] {jfjf64} smoke some weed  see  c/h    d/t   d/b    ect....
[13:00] {davd} i didn't see that in the lessons
[13:00] {jfjf64} eat  some mushrooms   find  some  new  set ups
[13:00] {RonS} i figured all they would allow was reds...
[13:01] {jfjf64} lol
[13:03] {RonS} 10 yr auction report?
[13:03] {jfjf64} looks  lk  markett  lower
[13:03] {davd} i havent heard a 10yr report yet
[13:04] {Threei}  Indirect bidders take 24% of competitive bids, with 9.27% allotted at high
[13:04] {Threei}  - 11% go to Direct bidders
[13:04] {Threei}  - Median 2.42%, Low 2.%
[13:04] {RonS} txs
[13:05] {jfjf64} fcx
[13:06] {jfjf64} .07  break  s
[13:06] {davd} b- from rick
[13:06] {jfjf64} nope
[13:06] {davd} rickS cnbc on the bond auction
[13:08] {jfjf64} ldk
[13:08] {jfjf64} .05  break
[13:08] {jfjf64} watchin
[13:08] {jfjf64} lookweekly
[13:13] {magoo} problem is, if IF mkt decides to RIP, FCX wants 100
[13:13] {magoo} magnste
[13:13] {magoo} sigh..magnet
[13:14] {magoo} helluva pllbk BIDU
[13:15] {Threei}  FCX Moody's raises senior unsecured rating two notches from Ba2 to Baa3 (now investment grade)
[13:16] {jfjf64} look fcx  daily
[13:16] {jfjf64} hmm
[13:16] {magoo} i cant wait for a nice selloff, but not sure its today
[13:17] {magoo} only reason want one is its getting hard to go long up here
[13:18] {RonS} aapl lookin to lose 300 and bidu 100...
[13:18] {jfjf64} ldk
[13:18] {strider} AVP
[13:18] {jfjf64} in
[13:18] {jfjf64} .06
[13:22] {magoo} seems to me, and im idiot, but FCX gonna get near 100 today
[13:22] {magoo} as in .98
[13:23] {magoo} am i dumb enough to trade that, i believe i am
[13:24] {magoo} vad, pass thre ganja
[13:25] {Threei}  hmmm
[13:25] {jfjf64} lol
[13:25] {Threei}  are you in california?
[13:25] {magoo} roflol
[13:26] {magoo} u will need some editing tonite vad or room will be full of jamaicans
[13:26] {jfjf64} lol
[13:26] {magoo} nicknames like
[13:26] {magoo} puffer
[13:26] {Threei}  I'll just charge double
[13:26] {magoo} smokedawhole
[13:26] {jfjf64} lol
[13:27] {Threei}  doobiethetrader?
[13:28] {magoo} goobie the trader
[13:28] {magoo} magoo=goo=goobie
[13:29] {RonS} ...don't goob that joint my friend...
[13:29] {Threei}  lol
[13:29] {jfjf64} jfblunt64
[13:31] {jfjf64} gld  break down  coming ??
[13:32] {jfjf64} .79 break
[13:32] {Threei}  it should...
[13:32] {Threei}  but ask larisa
[13:32] {Threei}  she is kicking my butt today
[13:32] {magoo} she at your house today vad?
[13:33] {jfjf64} ??
[13:33] {Threei}  she does that virtually just as effectively
[13:33] {larisa} I do not kick people when they are down vad, will wait until you have 10 winners in a day, then kick :)
[13:34] {Threei}  see? she kicks it graciously
[13:34] {larisa} lol
[13:34] {magoo} here goes fcx\
[13:35] {jfjf64} see if  waits  for  us
[13:35] {jfjf64} .61
[13:36] {jfjf64} stop.45
[13:36] {magoo} need to rebaat
[13:36] {strider} AVP new hod
[13:37] {jfjf64} ya in  magoo
[13:42] {jfjf64} good day  all
[13:43] {magoo} back
[13:43] {strider} oogam boogam
[13:44] {magoo} unga bunga binga
[13:44] {strider} funny accent
[13:45] {ese} gotta go all.....catch you tomorrow
[13:45] {magoo} bye
[13:45] {ese} still long mrvl at .25 and change will sell at the end of the day
[13:46] {Threei}  (UK) BoE's Sentance: Gradual rate rise could boost consumer confidence; rate hike now would reduce chances of embedded inflation and need for bigger rate hikes later
[13:46] {ese} cya mags
[13:46] {Threei}  take care ese
[13:47] {Les} JOE basing out
[13:48] {strider} JOE is no mo', imo
[13:48] {magoo} JOE MAMA it is
[13:49] {strider} perxactly
[13:52] {strider} Guess who's trying to steal the stage from the Chilean miners?
[13:53] {strider} hint:  starts with "O"
[13:54] {Threei}  Cirque du Soleil??
[13:54] {strider} yeah...the clown part
[13:55] {RonS} intc bearish engulfing daily
[13:55] {strider} nemo, is that you?
[14:02] {Les} u gonna love watching this guy squirm:
[14:02] {Les}
[14:03] {Threei}  - NYSE volume 595M shares, about 13% above its three-month average; advancers lead decliners by 3.3:1.
[14:03] {Threei}  - NASDAQ volume 1.42B shares, about 16% above its three-month average; advancers lead decliners by 3.1:1.
[14:03] {Threei}  - VIX index -1.5% at just above 18.00
[14:06] {RonS} POMO schedule...
[14:06] {RonS} timing announced on the day of...
[14:08] {RonS} Fed to buy $32 bln in Treasury debt in next month       10/13 12:06 PM
[14:09] {RonS} NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York said Wednesday it would buy $32 billion in Treasury bonds through mid-November, part of officials' pledge in August to reinvest cash from maturing mortgage-backed securities and housing agency debt back into the bond market to support the economic recovery. That amount will be purchased in nine op
[14:09] {RonS} nine operations. Analysts expected the Fed to say it would buy about $30 billion in this round, based on estimates of how much of the Fed's portfolio is maturing. After the announcement, Treasury prices stayed under pressure, pushing yields up. Yields on benchmark 10-year debt rose 4 basis points to 2.47%.
[14:10] {RonS} "pump, it up"
[14:12] {dino} tbt over 50 dma
[14:27] {patience} .
[14:29] {khaln} ..
[14:31] {dino} ...
[14:31] {Les} -
[14:32] {strider} AMZN
[14:34] {Les} db TZA at 22?
[14:35] {RonS} .rut has been murderously strong les...wait for near 712 near close to try tza...imo
[14:37] {Les} perhaps an aggressive play Ron, but if confirmed by IWM following SPY lower entry could be right. .10 break
[14:38] {RonS} iwm doesn't care about the spy today
[14:40] {Threei}  should be time for reversal ginally
[14:40] {Threei}  finally too
[14:41] {RonS} biduo lost 100 amzn lod aapl near 300
[14:42] {RonS} bidu
[14:45] {dino} atpg
[14:46] {dino} l .50
[14:47] {dino} stopped -.13
[14:48] {magoo} vad, u like WYNN sh loss 103?
[14:50] {Threei}  no
[14:50] {Les} .05 entry on TZA would have nailed it nicely for 1:2
[14:50] {Threei}  short after bounce
[14:50] {Threei}  not into such sharp drop
[14:50] {magoo} AAPL losing it
[14:50] {RonS} aapl lost 300
[14:51] {dino} cfd
[14:53] {magoo} cfd=cant find dino?
[14:53] {Threei}  lol
[14:54] {dino} recent ipo
[14:54] {dino} oh, i'm slow
[14:55] {dino} atpg l .25
[14:57] {dino} stopped
[15:04] {magoo} looks like the rot is on vad
[15:05] {Threei}  I believe so
[15:05] {magoo} im sh fcx .50
[15:06] {larisa} around 14.50 while it was coiling?
[15:07] {Les} crap was gonna mention WYNN at .09. finally gave in
[15:07] {magoo} huh?
[15:07] {larisa} forget it :) was wondering about your entry :)
[15:07] {magoo} 99.50
[15:08] {larisa} I know, what time, silly
[15:09] {magoo} oh, lol
[15:09] {larisa} was ranging around 14:50, then broke down,  was nice to entry
[15:10] {Threei}  argh
[15:11] {Threei}  just wanted to say WYNN's bounce ideal for short
[15:11] {Threei}  and it downticked good 25 cents in one breath
[15:14] {magoo} same formation here 15:13 lar
[15:15] {magoo} target exit is like dollar
[15:16] {larisa} downtrending for too long now to enter,  it has  about 30 min cycles.  but your entry was good
[15:18] {magoo} out
[15:18] {magoo} will look to reenter
[15:18] {larisa} good trade
[15:22] {davd} whose silly?
[15:22] {davd} classic 3:10 sell off!
[15:24] {strider} LVS weak
[15:24] {magoo} mgm death
[15:24] {strider} hmmm
[15:25] {Threei}  GM Chmn expects IPO price to approach $20-25/shr, IPO to come in November and it will work (update)
[15:27] {strider} I'll certainly buy my fair share.
[15:28] {strider} def:  fair share= ZILCH, ZERO, NADA
[15:28] {RonS} why bother? u already own it...
[15:28] {strider} good point.  
[15:28] {strider} Can I cash out?
[15:29] {RonS} ...only by working there...
[15:29] {strider} work?
[15:30] {RonS} ...or not...become an executive...
[15:31] {strider} Can I execute the suits?
[15:32] {RonS} guvmint suits
[15:34] {strider} Ever so slightly green today.  Whew!
[15:34] {Threei}  bounce WYNN
[15:34] {Threei}  right into 20ma
[15:39] {Threei}  .35 short
[15:39] {Threei}  if stays under .50
[15:39] {strider} wynn?
[15:39] {Threei}  yeah
[15:40] {magoo} in .40
[15:40] {magoo} aggr
[15:41] {strider} nasty spread
[15:42] {magoo} hooker spread as dino say
[15:42] {RonS} oh
[15:42] {Threei}  half out
[15:43] {strider} good trade if you can get out on bid
[15:49] {magoo} ty vad
[15:51] {strider} a good call.
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {magoo} ty all
[16:01] {larisa} bye :)
[16:03] {dino} apol blood
[16:03] {dino} esi too