Friday, October 15, 2010

Oct 15 2010

Nice strong morning with 100% performance, followed by a sleepy afternoon. No interesting charts to show, but do read a discussion of yesterday's GOOG pre-earnings long call, 8:52 - 9:01.

Session Time: Fri Oct 15 00:00:00 2010
[08:03] {magoo} mornkjikjhgkjgEgging
[08:09] {magoo} its just the GOOG show on all channels all the time
[08:24] {magoo} nemo wakes up, enters room, takes a look, and quits lol
[08:24] {Threei}  can you blame him?
[08:24] {Threei}  I'd do the same if I hgad a choice
[08:26] {Threei}  so mags
[08:26] {Threei}  how many points you grabbed of GOOG meteoric rise?
[08:27] {magoo} u will either cry with joy or cry with disappointment if i tell u
[08:27] {magoo} so u got tissues handy?
[08:28] {Threei}  just a sec
[08:28] {Threei}  ok, got it
[08:28] {Threei}  go ahead
[08:28] {strider} let the healing begin.
[08:28] {magoo} i had very good day trading and decided worked to hard to gamble it....so i watched but took ZERO
[08:29] {Threei}  wow... you may be maturing as a ttrader
[08:29] {magoo} any tears?
[08:29] {Threei}  I am all misty-eyed
[08:30] {magoo} me too, but mine are tears of pain to miss such a run
[08:31] {Threei}  ok, I take the maturing part back
[08:31] {Threei}  lol
[08:31] {Threei}  you know it was pure gut call on my part
[08:31] {Threei}  and risk control was impossible on that trade
[08:32] {magoo} i know, but yuor gut is well respected on the american continent, in trading rooms and RESTAURANTS alike
[08:32] {Threei}  I sincerely hope you are not referring to it as a pork belly
[08:51] {lilyd} good morning...
[08:51] {Threei}  lily :)
[08:52] {lilyd} 3i, I have an early morning question.  I wasn't here yest afternoon, but read the dialogue on GOOG.
[08:53] {Threei}  one where larisa chided me for being superficial and bragging? :)
[08:53] {lilyd} What made you think that it was a "trap" and would turn around and go up big - as it did?
[08:53] {Threei}  honestly lily, pure gut feel
[08:53] {Threei}  no technical read it it
[08:54] {Threei}  best I can describe it:
[08:54] {Threei}  watching its action,
[08:54] {Threei}  watching market selling off of its recent highs ahead of major earnings announcement,
[08:55] {Threei}  seeing how it sold about 4 bucks or so (which is nothing for GOOG) and stubbornly refused to sell any further.
[08:55] {Threei}  everything in me screamed "bear trap."
[08:56] {Threei}  it's just something that comes from years of seeing a lot of situations
[08:56] {Threei}  and learning to recognize some of them.
[08:56] {Threei}  same for APOL short call
[08:56] {Threei}  but as far as actual trade goes.
[08:56] {Threei}  it's about risk control for me
[08:57] {Threei}  whch was tough but douable on APOL
[08:57] {Threei}  but impossible on GOOG.
[08:57] {Threei}  so APOL got official call status
[08:57] {Threei}  while GOOG didn't
[08:57] {magoo} how'd u like the Top Gun read lol?
[08:57] {Threei}  hope I didn't disappoint you too much with this answer but this is the best I can do
[08:58] {lilyd} not disappointed - just hoping to learn something - thanks
[08:59] {Threei}  it comes to you
[08:59] {Threei}  step by step.
[09:00] {Threei}  some thing you can rush a bit,
[09:00] {Threei}  some must happen at their natural pace
[09:01] {Threei}  this collecting of arsenal of recognizable situations, while can be sped up by deliberate observations, requires an actual experience, time put in so to speak
[09:01] {Threei}  as you need to be there while things happen, not just think of it and realize something
[09:02] {RonS} gm all...summary of Bernanke speech: "I sure like my helicopter, and will continue to use it".
[09:02] {Threei}  Ron :)
[09:04] {RonS} euro ripped through 1.41 on speech but has given all back and then some
[09:04] {RonS} ...but the .tnx is up .45 to 25.40
[09:04] {strider} short AMLN .88
[09:05] {Threei}  *(US) OCT EMPIRE MANUFACTURING: 15.7 V 7.0E
[09:05] {Threei}  *(US) SEPT CONSUMER PRICE INDEX M/M: 0.1% V 0.2%E; CPI EX FOOD & ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 218.439 V 218.605E
[09:05] {Threei}  *(US) SEPT ADVANCE RETAIL SALES: 0.6% V 0.4%E; RETAIL SALES LESS AUTOS: 0.4% V 0.3%E
[09:06] {Threei}  (US) Fed's Bernanke: Fed's next steps are contingent on economic data, Fed must proceed with caution on more asset buying
[09:06] {Threei}  - Inflation is too low, may stay that way for some time. At current rates of inflation, short-term real interest rates are too high.
[09:06] {Threei}  - The risk of deflation is higher than is desirable.
[09:06] {Threei}  - Notes that evidence suggests that asset buying is effective in aiding the economy. Warns that balance sheet expansion is a risk to inflation expectations.
[09:06] {Threei}  - Fed needs to weigh the costs and benefits in deciding how aggressive to be with pace or size of any asset purchases.
[09:06] {Threei}  - High level of unemployment is cyclical, not structural. Unemployment will likely persist for some time. Prolonged high unemployment poses risks to a sustainable recovery.
[09:06] {Threei}  - The economic recovery has slowed, growth will be fairly modest in the near term.
[09:06] {Threei}  - QE2 would have undesirable impact on inflation expectations.
[09:06] {Threei}  - Note: Statement mostly repeats the context of the minutes from the 9/21 FOMC meeting; affirming that deflation risks are high, and that more QE could be deemed necessary in the future; note in the minutes members were quoted as saying that unless the pace of economic recovery strengthened or underlying inflation moved back toward a level consistent with the Committee's mandate, they would consider it appropriate to take action soon.
[09:07] {Threei}  - QE2 would have undesirable impact on inflation expectations.
[09:10] {Threei}  Euro vs US Dollar USD weakens against European pairs following Fed remarks
[09:10] {Threei}  - EUR/USD at fresh 9 month highs at 1.4159
[09:10] {Threei}  - Fed Gov Bernanke initial comments sent the USD weaker across the initial text of the Fed speech appeared to be a cause for action on quantitative easing (QE2).
[09:10] {Threei}  - EUR/USD tested its highest level since Jan as the texted highlighted that prospects of little job growth and desire for higher inflation. Dealers noted that Bernanke did not officially state QE is coming explicitly, and he outlined the potential drawbacks of doing so but that the relevant message.
[09:10] {Threei}  - The message that comes through in the text of fed speak was that the hurdles needed to justify QE have been met.
[09:11] {Threei}  (US) Fed's Lockhart: Gap in unemployment can be addressed through policy, despite some structural elements - Q
[09:11] {Threei}  really?
[09:12] {davd} dollar (uup) rebounds from lows of morning back to above yesterdays close.  conversely gld has dropped below yesterday's lows
[09:13] {Threei}  it can be the first indication of serious buck rebound
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:13] {larisa} vad :)
[09:14] {Threei}  - Labor market appears to show indications that there is a misalignment in skills through the labor force
[09:14] {davd} all ;)
[09:14] {Threei}  davd :)
[09:16] {dino} gm all
[09:17] {Threei}  dino :)
[09:17] {ese} morning
[09:18] {ese} out yahoo pre mrkt ..18 +.23 from yesterday
[09:18] {Threei}  ese :)
[09:19] {ese} morning vad
[09:23] {ese} stx
[09:23] {khaln} morning
[09:23] {ese} k
[09:23] {Threei}  khaln :)
[09:23] {RonS} Seagate: Report TPG, KKR Bid $16/Shr; Offer Worth $7.55 Bln
[09:24] {RonS} ...via barron's
[09:25] {RonS} wdc up in sympathy w/ stx
[09:30] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {jfjf64} spy going crazy
[09:32] {ese} vad........which route do you use when you trade pre mrkt
[09:32] {Threei}  NASDAQ
[09:32] {Threei}  I amnot sure route naming is universal across the brokers though
[09:32] {Threei}  you may have it as ISLD or INET
[09:33] {Threei}  QCOR FDA Approves H.P. Acthar Gel for the Treatment of Infantile Spasms
[09:33] {ese} not it's set to auto.....that yahoo pre mrkt took along time
[09:35] {Threei} Long Setup:  LVS  .30 break
[09:35] {Threei}  if stays above .20
[09:36] {Threei}  recalibrate
[09:36] {Threei}  .23 break
[09:36] {Threei}  if holding .15
[09:38] {davd} in lvs .23
[09:40] {Threei}  it invaliadted earlier by losing .15
[09:41] {davd} at 9:35 am, right
[09:42] {nemo} How's it going?
[09:43] {Threei}  no trades yet
[09:43] {Threei}  (US) Preview: Oct Preliminary University of Michigan Confidence data due out at 09:55ET
[09:44] {Threei}  **Consensus expectations: 0.5%e v 1.0% prior
[09:44] {Threei}  (US) Preview: Aug Business Inventories due out at 10:00ET
[09:45] {Threei}  CLNE Early strength attributed to chatter larger holder could make a bid for the company (14.94, +0.52, 3.61%)
[09:48] {Threei} Short Setup: RIMM  .80 break
[09:48] {Threei}  if stays under .90
[09:49] {strider} long BJ .06
[09:50] {jfjf64} liittle  spy  help
[09:51] {jfjf64} hmm
[09:51] {Threei}  make RIMM two-sided setup
[09:51] {Threei}  if holding .80 under such market pressure, will deserve long
[09:52] {Threei}  in fact, cancel short side
[09:52] {Threei}  likely to be a trap
[09:52] {Threei}  over 1:1
[09:52] {Threei}  half out
[09:52] {Threei}  scalpers get out
[09:53] {strider} stop BJ -.10
[09:53] {jfjf64} +11 cents
[09:53] {jfjf64} ty
[09:54] {Threei} Long Setup:  LVS  .90 break
[09:55] {magoo} in
[09:55] {jfjf64} in
[09:56] {Threei}  stop is so self-explanatory, I won't insult your intelligence by mentioning it
[09:56] {nemo} you better explain it to Les
[09:56] {nemo} oh, he's not here
[09:56] {davd} not for me .78?
[09:56] {Threei}  *(US) OCT PRELIM UNIVERSITY OF MICHIGAN CONFIDENCE: 67.9 V 68.9E
[09:57] {nemo} well, gotta' go...
[09:57] {Threei}  hmmm
[09:57] {jfjf64} i know ya talkin to magoo
[09:57] {Threei}  bad numbers, but not overly bad
[09:58] {Threei}  market sells, LVS holding...
[09:58] {magoo} 'bad is the new good
[09:58] {jfjf64} yas
[09:58] {Threei}  so far so good
[09:58] {Threei}  1:1
[09:58] {Threei}  half out
[09:58] {jfjf64} oh  baby
[10:00] {strider} avg amln .955 short
[10:00] {Threei}  held .90 on pullback with amazing precision so far
[10:00] {ese} any thoughts on apol
[10:01] {Threei}  hmm
[10:01] {Threei}  feels like bounce...
[10:01] {Threei}  no, made new low
[10:01] {ese} looks like it make a good run at the end of the day yesterday
[10:02] {Threei}  *(US) AUG BUSINESS INVENTORIES: 0.6% V 0.5%E
[10:02] {Threei}  scalpers win on LVS
[10:03] {Threei}  APOL nears yesterday's low
[10:03] {Threei}  must be a long setup here somewhere
[10:03] {Threei}  don't be in a rush
[10:03] {Threei}  let's let it form
[10:04] {magoo} with ya
[10:04] {Threei} Long Setup:  APOL  .55
[10:05] {Threei}  stop under .40
[10:05] {Threei}  if takes .60, should rocket
[10:07] {jfjf64} bounce
[10:07] {jfjf64} ya
[10:07] {Threei}  it's trying... market is no help though
[10:08] {Threei}  EUR/USD Euro retraces earlier highs to test 1.4000
[10:08] {Threei}  so far so good... let's take .60 now
[10:08] {ese} in
[10:09] {jfjf64} like
[10:09] {davd} uup above yesterday high
[10:09] {ese} flint
[10:10] {Threei}  good boy
[10:10] {Threei}  to the moon alice
[10:10] {Threei}  1:1
[10:11] {ese} out
[10:11] {ese} .74 +.23
[10:11] {ese} tks
[10:11] {Threei}  :)
[10:12] {jfjf64} still in
[10:12] {Threei}  running the risk of larisa chiding me - what a precision of stop placement
[10:13] {magoo} beauty
[10:13] {kowboy} ty out .73 excellent stop
[10:13] {Threei}  welcome
[10:14] {Threei}  that's 3:3
[10:14] {Threei}  can I go home?
[10:14] {strider} absolutely not.
[10:15] {jfjf64} looks  ge
[10:15] {jfjf64} wants  higher
[10:15] {jfjf64} imo
[10:16] {jfjf64} .52  hold .44
[10:17] {magoo} any read FCX vad?
[10:17] {strider} out 1/2 AMLN +.18
[10:19] {jfjf64} no go
[10:19] {Threei}  .50 break was short trigger in retrospect
[10:19] {Threei}  no new setup yet
[10:20] {strider} FCX bounce?
[10:20] {ese} question is...........who pee"d" on the markets cornflakes
[10:21] {Threei}  strider... [10:19] {Threei} no new setup yet
[10:21] {jfjf64} lol
[10:21] {ese} big reversal.......point and a bit
[10:21] {jfjf64} .30 recross
[10:22] {ese} michigan confidence number?
[10:22] {jfjf64} grr
[10:22] {strider} BODY open
[10:22] {RonS} euro busted 1.40
[10:22] {Threei}  09:56] {Threei} *(US) OCT PRELIM UNIVERSITY OF MICHIGAN CONFIDENCE: 67.9 V 68.9E
[10:23] {Threei}  take me off ingore folks, will ya
[10:23] {jfjf64} lol
[10:23] {jfjf64} just when i think i know what doing
[10:23] {Threei}  just so that no one susapects strider of violating rules of family room,
[10:23] {Threei}  BODY IPO opens for trade at $14.49
[10:24] {jfjf64} all ya fault  strider
[10:24] {jfjf64} lol
[10:24] {strider} don't know what I did, but I'm holding Les responsible.
[10:24] {Threei}  this is safe way out
[10:25] {ese}  i saw the previous post......was just wondering if that was the big factor........it wasn't that bad compared to some confidence numbers
[10:25] {Threei}  true
[10:25] {Threei}  but I don't think today is about those numbers
[10:25] {jfjf64} .50  support
[10:25] {jfjf64} fcx
[10:25] {jfjf64} ??
[10:25] {Threei}  it's all about USD, QE2 expectaions etc
[10:25] {Threei}  FCX does become interesting
[10:26] {Threei}  no setup yet
[10:26] {magoo} i took oo's
[10:26] {RonS} ...and the financials getting murdered...
[10:26] {jfjf64} yeah
[10:26] {RonS} bac -.80  11.82
[10:27] {magoo} no go
[10:27] {jfjf64} cat
[10:28] {dino} mtb hl l .85
[10:30] {jfjf64} vmw
[10:30] {dino} dmnd
[10:30] {jfjf64} .56  break
[10:32] {jfjf64} hold .74
[10:33] {ese} dino ....you lookin at anything
[10:33] {dino} in mtb thats all so far, waiting to see a shakeout or plunge
[10:34] {ese} L or sh
[10:34] {dino} l
[10:34] {dino} eyes on asps, eqix, both hold well
[10:35] {dino} and on some planters almonds
[10:35] {ese} tks
[10:35] {strider} long cashews
[10:35] {dino} lol
[10:35] {magoo} peanuts here
[10:36] {ese} been watching mat.....dn 1.86........not quite 2 but it may work
[10:36] {dino} the best trading foods
[10:36] {magoo} nuts-the choice of daytraders everywhere
[10:36] {dino} amsc, giii too es
[10:37] {ese} has a buy rating of 31
[10:37] {dino} apol lod
[10:37] {ese} will check those out
[10:37] {dino} chk holds well too
[10:38] {dino} colm -2 yesterday, holds fair today
[10:40] {ese} mat flatlined
[10:40] {RonS} big blocks trading lvs
[10:40] {dino} born blood
[10:41] {RonS} that just ain't right dino
[10:41] {dino} eqix l .33
[10:41] {dino} ?ron?
[10:42] {ese} giii  i guess signing an agreement with the NFL doesn't gaurantee success
[10:42] {dino} thought nike got it
[10:42] {RonS} they did
[10:43] {RonS} apparel exclusive...just as they go on strike...
[10:43] {ese} news report yesterday said something about an expanded liscense agreement
[10:43] {dino} mtb to .19
[10:43] {ese} be careful with eqix ron
[10:43] {RonS} uhh...dino...
[10:46] {ese} damn dino.....nice dollar run amsc
[10:47] {dino} missed it
[10:47] {ese} moi aussi
[10:47] {dino} out mtb .55, +.70
[10:48] {ese} well done
[10:49] {kowboy} rimm weak
[10:50] {dino} ty
[10:50] {dino} giii
[10:50] {ese} " come mister teeleeee man....tedleee me da market"
[10:51] {dino} sm l giii .97 ave
[10:51] {ese} good on ...that 14pts spread is scaring the you know what out of me
[10:52] {ese} good on ya
[10:52] {dino} sometimes you gotta say, "what the f*ck"
[10:53] {dino} colm sm l .99
[10:53] {ese} lol
[10:54] {ese} L apol .66
[10:55] {Threei}  (US) President Obama to announce plan for $250 payment to Social Security recipients (related MUNIS )
[10:55] {Threei}  (US) New York City's Brooklyn Bridge has reportedly been closed due to suspicious package (related MUNIS )
[10:57] {ese} ya......thats where it is.........left my lunch bag there 18 years ago
[10:57] {dino} lol
[11:02] {dino} out giii .58, +.61
[11:04] {kowboy} joe parabolic
[11:04] {ese} nice dino.......
[11:05] {ese} L mat .10
[11:06] {dino} ty
[11:10] {ese} mat stop to .25
[11:11] {dino} gj
[11:11] {ese} sorry thats .24
[11:11] {ese} stop to .30
[11:11] {ese} out .35
[11:12] {ese} +.25
[11:12] {ese} apol you sloth.......get up dere
[11:17] {magoo} WYNN got it all back vad
[11:17] {ese} dino....what were you looking for with giii.........does the fact that volume was thinish....help it move farther
[11:17] {dino} yes
[11:17] {dino} pull up a 3 month
[11:18] {ese} ok done
[11:18] {dino} see pattern
[11:18] {ese} bottoming tails
[11:18] {ese} pullback of bottoms?
[11:19] {Threei}  looked at it a few times mags...
[11:19] {dino} support areas, 10% down in hour, go long
[11:19] {Threei}  couldn't see safe setup
[11:19] {ese} 10% dn from where....today or 2 days ago
[11:19] {RonS} adbe
[11:21] {ese} ahh sorry stupid question
[11:21] {ese} in an hour
[11:23] {khaln} ,
[11:27] {dino} cash, hsft
[11:31] {dino} nah
[11:31] {Threei}  (IR) Ireland Financial Regulator: Expects mortgage arrears cases to get worse, notes that bankruptcy reforms are overdue
[11:31] {Threei}  Adobe Systems Inc Hearing takeover chatter circulating
[11:31] {Threei}  - IBM rumored as a potential acquirer
[11:33] {RonS} ...boy, that doesn't make any sense to me...
[11:37] {dino} eqix to .48
[11:38] {dino} out ave .50, +.17
[11:43] {Threei}  (US) Treasury's Currency Manipulator Report will reportedly be released at 13:00ET - unconfirmed report (related EUR/USD USD/CNY EUR/CNY USD/JPY TLT SHY )
[11:43] {Threei}  hmmm
[11:44] {Threei}  Idon't think I've ever seen such warning
[11:44] {RonS} wow
[11:45] {dino} out colm .76 -.23 thing won't go up
[11:47] {ese} now that is interesting........
[11:50] {dino} amsc
[11:53] {Les} ciao. how goes the morning?
[11:53] {dino} 3/4
[11:54] {dino} amsc sm l .50
[11:56] {Les} that good hey?
[11:56] {Threei}  3:3
[11:56] {Les} cool
[11:56] {ese} talk about your fossbury flop.......if apol get anymore exciting i won't be able to stand it
[11:56] {Threei}  not finding much since then
[11:56] {ese} gets
[11:56] {Threei}  lol ese
[11:57] {Threei}  US Probing China green technology trade policies, citing complaint from american labor group which feels China is unfairly supporting the green technologies - WSJ (related TAN FAN STP CSIQ JASO YGE TSL LDK SOLF )
[11:57] {Threei}  unfairly supporting the green technologies?
[11:57] {larisa} what?
[11:57] {Threei}  how's that?
[11:57] {larisa} made me laugh
[11:57] {Threei}  not that I consider most of those technologies worth supporting, but what the deuce does it mean
[11:58] {larisa} I think backend  produce is much cheaper over there, so US green companies  offshoring
[11:58] {Les} it means China doesn't pay union rates
[11:59] {Les} CRIKEY GOOG nice call Vad
[11:59] {larisa} sigh
[11:59] {Les} ?
[12:01] {Threei}  she can't stop berating me for one self-pat on my back, Les :)
[12:01] {Les} dislocated your shoulder yet?
[12:02] {larisa} lol
[12:02] {Threei}  but then again, she is berating me for what goes on 10 years now, so I kind of consider it a part of daily exercise
[12:02] {Les} penitence Vad, penitence
[12:02] {Threei}  keeps me in shape and delivers her joy :)
[12:03] {Threei}  and yes, I am full of that thing.. penitence
[12:03] {Les} damn finnies X, aig all the favourites in step with the index. meandering day
[12:03] {Threei}  - Article notes that on on Sept 9 the United Steelworkers petitioned the Obama administration to probe export restraints, subsidies, discrimination against foreign companies that would harm U.S. interests and run counter to global trade rules.
[12:03] {Threei}  wow APOL
[12:03] {Threei}  oversold gets what?
[12:04] {Threei}  right, oversolder
[12:04] {ese} out apol .25 -.40  1/2 lot daaaaaaaaaaaaaaaaaaaa
[12:04] {Threei}  until it becomes what?
[12:04] {Threei}  right, oversoldest
[12:04] {Threei}  then it sells some more
[12:04] {Threei}  and only then it bounces
[12:05] {Les} esi still green. could be a short
[12:06] {ese} ok.....how do you determine the oversold/oversold condition
[12:06] {Threei}  well
[12:06] {dino} 35 coming, i was day early
[12:07] {Threei}  there is this notion that some indicators give you this idea
[12:07] {Threei}  most common are stochastic and RSI
[12:07] {ese} i'm all eyes
[12:07] {ese} i don't use those
[12:08] {Threei}  neither do I
[12:08] {Threei}  stochastic reading under 20 is considered oversold, and above 80 - overbought
[12:08] {Threei}  the only problem is, in trending environment it doesn't mean much
[12:08] {ese} yup
[12:08] {Threei}  if market is locked in the range, then yes,
[12:09] {Threei}  stochastic will oscillate back and forth between extreme readings
[12:09] {Threei}  but in trend it does this:
[12:09] {Threei}  moves in over-whatever zone
[12:09] {Threei}  pauses,
[12:09] {Threei}  spends a little time there,
[12:10] {Threei}  and then the price stays consoidating while stochastic returns into moderate readingsa
[12:10] {Threei}  and then the price breaks out and makes new high or low
[12:10] {Threei}  and stochastic catches up returing to that "over" zone
[12:10] {Threei}  RSI does the same
[12:11] {Threei}  so...
[12:11] {RonS} "if they don't scare you out, they will wear you out"
[12:11] {ese} hmmmmmmmmm
[12:11] {ese} ya got sucked into that last one for sure
[12:12] {ese} thought that i was reading the volume right but not this time
[12:18] {dino} bonds wacked
[12:20] {Threei}  12:17:05
[12:20] {Threei}  (US) US Aide to Senator: US Treasury Dept considering a delay of the semi annual currency report -
[12:20] {Threei}  - Reminder: Reports circulated that the Treasury was due to release the report at 13:00ET
[12:22] {dino} can anybody say smoott hawley
[12:23] {strider} I'll do it for $5
[12:23] {dino} making the same moves imp
[12:24] {dino} imo
[12:33] {ese} L erts .94
[12:42] {dino} wow mtb positive
[12:59] {dino} amsc stopped -.22
[12:59] {dino} ok gotta hop for hour or two. xmas tomorrow, need haircut, and cash
[13:05] {RonS} ...i am hearing that there are rumors that the reason the "manipulation" report has been delayed is that Treasury and the Chinese are negotiating a deal deal let the yuan appreciate and limit QE2
[13:05] {RonS} Crazy enough to be true?  ...who makes this stuff up?...
[13:06] {Threei}  hard to speculate with as little infoermation as we have
[13:06] {Threei}  but certainly solmething happens behind the curtain on the curency front
[13:17] {strider} is the market still open?
[13:18] {RonS} naw, dino left so they closed it...
[13:21] {ese} gotta go....have a great weekend
[13:21] {RonS} cya ese
[13:21] {Threei}  take care ese, have a good one
[13:23] {Les} outta here. enjoy your weekend all.
[13:23] {RonS} cya les
[13:32] {Threei}  USD/CNY (CH) US Senator Schumer: Congress prepared to move China legislation with or without White House support
[14:01] {Threei}  *(US) SEPT MONTHLY BUDGET STATEMENT: -$34.5B V -$32BE (24TH STRAIGHT MONTH OF BUDGET DEFICITS)
[14:03] {Threei}  FNMA US Treasury: aid to Fannie and Freddie total $52.6B in fiscal 2010, 24% below forecast (0.39, +0.06, 17.73%) (related FMCC )
[14:26] {magoo} i have apptmt, so have good weeekend all
[14:26] {RonS} cya mags
[14:28] {Threei}  take care mags
[14:33] {dino} ok, back, open up the market
[14:35] {Threei}  Former Countrywide CEO Mozilo and two other execs agree to SEC settlement; Mozilo to pay $67.5M settlement
[14:37] {RonS} that's a lot of tans...
[14:41] {dino} ppd
[14:43] {RonS} mining must make you horny...heard another of the chilean miners has four mistresses...and they want compensation...
[14:43] {Threei}  lol
[14:44] {Threei}  those miners are dawgs
[14:44] {dino} dirty dogs
[14:44] {larisa} did you see those women?
[14:44] {RonS} dirty dawgs...lol
[14:44] {RonS} no...what gives?
[14:45] {Threei}  larisa, it's [robably like sailors... after 6 months in the sea, they don't care :)
[14:45] {larisa} I would not be jealous, they showed couple of them :)
[14:45] {larisa} oh, I see :)
[14:45] {RonS} ruff?
[14:45] {dino} lol larisa, not pleasant to look at i take
[14:46] {RonS} "miners work in the dark"
[14:46] {larisa} you got it :)
[15:02] {dino} ppd sm l ave .26 thin
[15:31] {dino} .
[15:34] {Threei}  why's dino screaming?
[15:34] {larisa} lol
[15:35] {dino} hmmmm
[15:40] {dino} back in ten
[15:40] {dino} ppd stop is .999
[15:41] {RonS} aapl squeeze going on...
[15:45] {RonS} October cider
[15:47] {Threei}  lol
[15:49] {RonS} aapl 10/22 weekly calls ...nuts...49k traded today
[15:52] {larisa} what, positive into close again?
[15:55] {Threei}  yup
[15:56] {RonS} wow, naz +2%...russell, spoo's flat...
[15:57] {dino} snow flurries here
[15:58] {RonS} 80 here
[15:58] {dino} lucky dog
[15:58] {RonS} dirty lucky dawg...
[15:58] {dino} lol
[15:59] {Threei}  you are not serious dino
[15:59] {dino} yes, just at bus stop, saw them windy too
[15:59] {Threei}  heez
[15:59] {Threei}  h=j
[16:00] {dino} brrrr more like it
[16:00] {Threei}  okay guys
[16:00] {RonS} aapl trying for 315
[16:00] {Threei}  thank you all
[16:00] {dino} out ppd -.17
[16:00] {Threei}  have a good weekend
[16:00] {RonS} ciao
[16:00] {Threei}  see you on Monday
[16:00] {larisa} bye :)
[16:00] {dino} take care all