Session Time: Tue Oct 26 00:00:00 2010
[08:36] {Threei} JASO Raises Q3 shipment guidance to exceed 410 MW vs 375MW prior; cites strong customer orders and higher than anticipated production and shipments
[08:36] {Threei} Euro vs US Dollar Reportedly CitiFX Technician close out previously long Euro positions
[08:36] {Threei} **Reminder: On Oct 20th Citigroup analysts recommend building long positions in the pair. At the time Citi note suggested to re-establish longs at 1.3845, target 1.5145, stop 1.3550.
[08:37] {Threei} lol
[08:37] {Threei} X Reports Q3 -$0.35 (unclear if comp) v $0.22e, R$4.5B v $4.4Be
[08:38] {strider} wow
[08:40] {strider} MIPS
[08:41] {Threei} MIPS Guides Q2 $0.11-0.12 v $0.12e, Rev $21-23M v $20Me - conf call
[08:41] {Threei} - Guides FY10 $0.47-0.50 v $0.46e, R$83-86M v $82Me
[08:41] {davd} morning strider threei :)
[08:41] {Threei} davd :)
[08:41] {strider} morning everyone
[08:42] {kowboy} gm
[08:42] {Threei} strider, kowboy :)
[08:42] {strider} what about X pre-0pen, as a short?
[08:43] {Threei} 40 break...
[08:43] {Threei} well... as reliable as pre-market is, it's a valid setup
[08:43] {davd} strengthening dollar would help an X short
[08:43] {strider} would stop need to be .50?
[08:43] {Threei} no way
[08:43] {strider} .30?
[08:44] {Threei} max
[08:44] {Threei} .20 is valid resistance too
[08:44] {strider} offering .99
[08:44] {strider} short .40
[08:46] {Threei} barring unforeseen news, dollar should start bouncing these days, IMO
[08:46] {davd} case schiller 15 minutes
[08:47] {strider} stop to b/e X
[08:47] {Threei} I covered .83
[08:47] {Threei} that was fun
[08:47] {Threei} SVNT Plans to announce kyrstexxa price and begin shipping in Dec (12.07, 0.00, 0.00%)
[08:51] {strider} oh well, out b/e
[08:51] {dino} gm all
[08:51] {Threei} dino :)
[08:53] {dino} x big miss huh?
[08:53] {dino} veco ws fun last night strider
[08:54] {strider} type O positive?
[08:54] {Threei} honestly, I would expect much bigger drop with that miss dino
[08:55] {dino} me too 3i
[08:55] {dino} lol strider, caught .70 move
[08:55] {Threei} RCL Reports Q3 $1.64 v $1.57e, R$2.06B v $2.1Be
[08:56] {Les} what? trading without the rest of us?
[08:56] {strider} not good enough
[08:56] {Threei} Guides FY10 EPS $2.43-2.47 v $1.94e
[08:56] {kowboy} cpla huge drop on no volume
[08:56] {Les} morning
[08:56] {Threei} hey les
[08:56] {Threei} - Guides Q4 EPS $0.08-0.12 v $0.16e
[08:56] {davd} gm dino kowboy les strider
[08:57] {Threei} a bit more details on X:
[08:57] {Threei} United States Steel Corp Reports Q3 -$0.35 (unclear if comp) v $0.22e, R$4.5B v $4.4Be
[08:57] {Threei} - Flat rolled income -$174M v $98M q/q
[08:57] {Threei} - US Steel Europe income -$25M v $19M q/q
[08:57] {Threei} - Tubular income $112M v $96M q/q
[08:57] {Threei} - Q3 shipments 5.6M tons, -5.0% q/q
[08:57] {Threei} - FX impact gain of $0.96 per diluted share
[08:57] {dino} lowered guidance i think
[08:58] {strider} RCL moves
[08:59] {strider} short X again .05
[08:59] {ese} morning
[09:00] {Threei} ese :)
[09:01] {ese} hey vad
[09:01] {Threei} CCL seems to be moving in sympathy
[09:02] {Threei} *(US) AUG SP/CASESHILLER-20 Y/Y: 1.7% V 2.1%E; HOME PRICE INDEX: 148.59 V 148.91 PRIOR (related XLF XHB )
[09:03] {magoo} morning
[09:03] {larisa} gm :)
[09:03] {ese} mags laris
[09:03] {Threei} magoo, larisa :)
[09:03] {larisa} vad, ese, mags :)
[09:06] {magoo} F blowout qtr and now drops'
[09:06] {ese} watched Wall Street 2...Money never sleeps on the weekend.......Gecko is back
[09:06] {Les} any good?
[09:07] {strider} cover X .79 +.26
[09:07] {Les} nice one st. thought u were about to get trapped there.
[09:07] {ese} hmmmmmmm was ok......it was basically a mock up of the real estate crash
[09:07] {Les} market plays nice
[09:08] {dino} gj strider
[09:08] {Les} yeh I figured the fiction of this film can't be more incredible then what the banksters have really done
[09:08] {ese} references to the banks ineptitude......
[09:08] {ese} yup you got it
[09:08] {Threei} funny how everything and everyone focused on banks...
[09:09] {Threei} and the role of the goverment that inspired whole debacle is totally ignored
[09:09] {Les} well of course
[09:09] {Les} govt. is there to help us
[09:09] {ese} good point
[09:09] {Threei} simple question:
[09:09] {Threei} why canadian n=banks didn't do anything of kind?
[09:09] {Les} http://miburl.com/a7gGa2
[09:09] {Threei} what, greed ends at 40th parallel?
[09:10] {Les} cause they're Canadian Vad!
[09:10] {Les} above link is Mauldin newsletter. Quoting book written by insider in lending industry at height of the scam
[09:10] {Threei} goverment created a framework in USA that opened this door and mtivated this behavior
[09:10] {ese} canadian banking structure is a whole lot more solid in terms of reserves to be kept to back loans etc etc...
[09:11] {Threei} right, and on top of that,
[09:11] {Threei} there was no push for lending money to those who had no means of repaying
[09:11] {Threei} no goverment guarantees for such loans
[09:12] {Threei} thus no subprime
[09:12] {Les} well shame on the canadian govt.
[09:12] {ese} someone might know this answer but i don't believe we've ever had a bank failure in Canada
[09:12] {Threei} so, if banks are guilty - they are guilty of playing the game goverment has created
[09:13] {Threei} so how come it's banks all the way now that blame assigning time came?
[09:13] {Les} cause govt is here to help!!!!
[09:13] {Threei} yep
[09:13] {Les} how many times I gotta say it
[09:14] {Threei} let's give houses to those who can't afford them, let's buy their votes, let's be kind and merciful
[09:14] {Threei} never mind that this kindness will kill those same we claim to take care of
[09:14] {Threei} good intentions, you know...
[09:14] {ese} hmmmmmm
[09:16] {Threei} don't believe it ese? look up the role of Clinton administration that started this push, stood behand FNM/FRE guaranteeing those sybprime mortgages
[09:17] {Threei} creating "riskless" money for banks
[09:17] {ese} was just about to say....wasn't it that admin that set this all in motion
[09:17] {Threei} sure
[09:17] {Threei} Barney...
[09:18] {Threei} and look at it from bank point of view
[09:18] {Threei} grab a homeless off the street,
[09:18] {Threei} give him a mortgage,
[09:18] {ese} ya....i remember that......plus deregulating hedge funds....or something like that
[09:18] {Threei} get guarantee from FNM
[09:18] {Threei} insure via AIG,
[09:19] {Threei} goverment stands behind both,
[09:19] {Threei} what's banks risk?
[09:19] {davd} then sell it to the third market 3i
[09:19] {Threei} zero, and it has a good deed on its balance - more people are housed
[09:19] {Les} damn Vad that sounds just like story of Stalin
[09:19] {Threei} why on Earth wouldn't bank do it?
[09:19] {ese} well we know what that risk is now........people sell the stock off if theres no profits
[09:20] {Threei} that risk lied in gioverment not being able to sustain the pyramid,
[09:20] {Threei} but who thought of that at the time?
[09:20] {Les} maybe the odd congressman who understood that money doesn't grow on trees
[09:21] {strider} no. It comes from cash cows.
[09:23] {strider} VLTR theflyonthewall.com: Volterra downgraded to Accumulate from Buy at Craig-Hallum :theflyonthewall.com
[09:23] {strider} so how doyou accumulate without buying?
[09:24] {ese} downgraded to "accumulate".......holy flippin........what the hell kinda contradiction in terms is that
[09:25] {strider} yeah, but you shouldn't buy.
[09:25] {ese} man.....the double speak in this industry gets stupid beyond stupid
[09:25] {strider} maybe steal?
[09:25] {Threei} well
[09:26] {Threei} "buy" means just hit the offers
[09:26] {Threei} buy all you can at any price available
[09:26] {khaln} g morning
[09:26] {ese} lol
[09:26] {Threei} "strong buy" - scream at your broker and send market orders
[09:26] {Threei} khaln :)
[09:26] {ese} k
[09:26] {Threei} accumulate - try to get in on pullbacks, wait for better prices
[09:27] {Threei} break your entries down by partials
[09:27] {Threei} etc
[09:27] {Threei} RCL
[09:27] {Threei} .50 break
[09:27] {Threei} too volatile... but watching
[09:29] {Les} big zone of consolidation RCL at this price going back yeaaaaaaars
[09:30] {jfjf64} mornin
[09:30] {kowboy} ccl b/o after open?
[09:30] {Threei} jf :)
[09:31] {Threei} could be... but the risk is going to be very high
[09:31] {kowboy} ok ty
[09:31] {Threei} (US) CFTC releases update on 'market manipulation'; no specific rules on high frequency trading, open to public comment (related ITG GS )
[09:31] {Threei} lol
[09:31] {Threei} Long Setup: CCL .60 break half lot
[09:31] {magoo} RCL?
[09:32] {Threei} no, CCLC
[09:32] {Threei} invalidated anyway
[09:32] {dino} driv sm l .75
[09:32] {Threei} CCL
[09:32] {Threei} recalibrate
[09:32] {Threei} .50 break
[09:32] {Threei} stop under .40
[09:32] {Threei} grrr... too fast?
[09:33] {strider} a little :)
[09:33] {dino} s/p gap filled fri and wed
[09:33] {magoo} RIMM nuts
[09:34] {jfjf64} athr
[09:35] {jfjf64} ??
[09:35] {dino} veco sm l .90
[09:35] {Threei} ATHR Guides Q4 $0.48-0.51 v $0.65e, R$220-225M v $252Me - conf call
[09:36] {Les} oh so that's why it is popping!
[09:36] {Les} starting to like rcl short
[09:36] {Les} .50?
[09:36] {Les} maybe not
[09:36] {Threei} nope
[09:37] {magoo} read on RIMM vad STRONG
[09:38] {Threei} well, need it to form something
[09:38] {Threei} so far it's just straight up
[09:40] {Threei} Short Setup: CAT .90 break half lot
[09:40] {dino} out driv .15, +.40
[09:40] {Threei} (US) Preview: Oct Consumer Confidence due out at 10:00ET
[09:40] {Threei} (US) Preview: Aug House Price Index due out at 10:00ET
[09:40] {Threei} (US) Preview: Oct Richmond Fed Manufacturing Index due out at 10:00ET
[09:41] {Threei} invalidated
[09:41] {Les} some irrational enthusiasm getting round this morning
[09:42] {Les} athr 30 short following a bounce or consolidation? u interested?
[09:42] {RonS} pomo morning Les...starts at 10:15 edt
[09:42] {Les} aaaah
[09:42] {Les} wish the Fed would just cut me a check
[09:42] {Threei} ATHR is a bounce candidate
[09:43] {Threei} 30 break
[09:43] {Threei} stop under .90
[09:44] {Threei} nope, not ready yet
[09:45] {Les} RIMM topping out?
[09:45] {Les} or ready for next break?
[09:45] {RonS} lol Les...they are...u live in Swiss dollar land...
[09:45] {dino} veco to .31
[09:45] {RonS} franc...
[09:46] {dino} to .50
[09:46] {Threei} probably break RIMM
[09:46] {Les} I ain't rich enough to appreciate that favour Ron
[09:46] {dino} to .60
[09:46] {Les} ATHR weak
[09:46] {Les} pump n dump
[09:46] {Threei} .50 half lot
[09:47] {Threei} stop under .35
[09:47] {strider} out +.10 scalp
[09:48] {Les} ditto
[09:48] {dino} to .79
[09:48] {jfjf64} lvs
[09:48] {dino} to .90
[09:48] {Threei} yeah, safer way to play it
[09:48] {Threei} market is really hectic
[09:48] {Les} yeh scaring me
[09:48] {dino} to .10
[09:48] {Les} you in X dino?
[09:49] {dino} veco
[09:49] {Les} k
[09:49] {Threei} 1:1 RIMM
[09:49] {dino} to .30
[09:49] {Les} veco spike
[09:49] {Les} athr spike sorry
[09:50] {dino} out .45, +1.55 veco
[09:50] {strider} that's a felony
[09:51] {Les} short ATHR bounce here vad?
[09:52] {Threei} wtg dino
[09:52] {Les} or pullback for long?
[09:52] {Threei} not sure
[09:52] {Threei} RIMM 1:2, out
[09:52] {ese} hmmmmmmm roll up the rimm to win
[09:53] {ese} roll that r sound
[09:53] {Threei} numbers are close, and there are a lot of them
[09:56] {dino} insu
[09:57] {dino} gap around 23
[09:57] {jfjf64} .70 s rimm
[09:57] {jfjf64} ??
[09:58] {Threei} no
[09:58] {jfjf64} lol
[09:58] {Threei} but...
[09:58] {Threei} market seems to be forming "last gasp"...
[09:58] {Threei} 2 min till numbers...
[09:59] {Threei} shot candidates if market reverses:
[09:59] {Threei} LVS .70 break
[09:59] {Threei} *(US) OCT RICHMOND FED MANUFACTURING INDEX: +5 V 1E
[09:59] {Threei} 2 more sets of numbers
[10:00] {Threei} *(US) AUG HOUSE PRICE INDEX M/M: 0.4% V -0.2%E
[10:00] {Threei} *(US) OCT CONSUMER CONFIDENCE: 50.2 V 49.9E
[10:00] {Threei} hmmm
[10:00] {Threei} rosy
[10:00] {dino} we die another day
[10:00] {Threei} yes lol
[10:01] {Les} rimm recross of 54'
[10:01] {strider} X approaching resis.
[10:01] {Les} ?
[10:02] {Threei} can't tell yet les
[10:02] {Threei} 1-2 bars arenot enough for a valid chart formastion
[10:02] {Les} OK
[10:02] {dino} insu sm l .51 gappy
[10:03] {dino} sm l itw .54
[10:04] {Threei} RCL CFO: early patterns are encouraging for next year, yield improvements are expected to continue in FY11 - conf call
[10:06] {Threei} DCTH Hearing strength attributed to chatter a large pharma interested in a large investment in the company (8.96, +0.40, 4.67%)
[10:08] {Les} RCL CCL starting to top out
[10:08] {Threei} RCL conf call in progress
[10:08] {Les} ok
[10:08] {strider} h&s RCL
[10:09] {Les} it's a pancake man strider
[10:09] {strider} I like pancakes.
[10:10] {Threei} Short Setup: LVS .95 break
[10:10] {Les} is that his little pinhead at 9:52?
[10:10] {Threei} if stays under .05
[10:11] {dino} insu stopperd
[10:11] {dino} -.33
[10:11] {ese} L entr avg .57
[10:11] {Threei} invalidated
[10:12] {Threei} not off radar though
[10:12] {Threei} looking for double top
[10:12] {Les} rimm dropping fast
[10:12] {Threei} Short Setup: LVS 40 break if stays under .12
[10:13] {ese} .57580276 to be exact........must be as accurate as possible on the board....vad demands it
[10:13] {Threei} rofl
[10:14] {ese} high standards and all that.......cheerieooo hip hip what ohhhh
[10:14] {Threei} invalidated
[10:14] {Les} rimm .50?
[10:14] {Threei} long? no
[10:15] {Les} ok no recross?
[10:15] {Threei} not yet
[10:15] {Threei} now, maybe
[10:16] {Threei} if holding .35
[10:17] {Threei} RIMM Hearing Jefferies making cautious comments (timing uncertain) (23.60, -0.01, -0.04%)
[10:17] {ese} spy gets by .60 and were talkin bout an nice up day.....imo
[10:17] {Threei} great timing
[10:19] {ese} everyone i know.......hates there Blackberry..........it's only a matter of time for rimm
[10:19] {Les} out flat
[10:19] {Threei} ADBE Hearing renewed takeover chatter circulating (28.41, +0.21, 0.74%) (related MSFT )
[10:20] {ese} opps wait....i do know someone who does like theres but the face of it busted
[10:20] {Threei} - Microsoft again rumored as a potential acquirer (Note: On 10/19 the CEO noted wouldnt comment on rumors and valued Adobe's independence)
[10:21] {nemo} How goes the mornin?
[10:21] {ese} dude!!!!!!!!!!!!!
[10:21] {Threei} RIMM 1:2
[10:21] {nemo} dude
[10:21] {Threei} rather well, expect many invalidated trades
[10:22] {nemo} hey vad...what's that video recording software for the computer so you can record trades?
[10:23] {Les} RCL
[10:23] {Threei} camtasia
[10:23] {Les} sounds like porn
[10:23] {khaln} lol
[10:23] {strider} disney porn
[10:24] {ese} ceva
[10:24] {dino} aan
[10:24] {ese} jus missed that
[10:24] {ese} poped up a buck in a flash........yo
[10:25] {Threei} IBM Authorizes $10B in stock buyback (5.7% of market cap) (141.42, +1.58, 1.13%)
[10:25] {Threei} Long Setup: X .95 break
[10:26] {Threei} if stays above .80
[10:27] {Threei} invalidated
[10:28] {Les} RCL still in CC?
[10:28] {Threei} don't know
[10:28] {strider} lot if ITW for sale at .54
[10:28] {strider} of
[10:28] {RonS} is aan frozen or what? look at spread...
[10:28] {Threei} lol
[10:29] {Threei} it was halted, circuit breaker
[10:29] {RonS} 7 mil sh short
[10:33] {strider} short X .8, stop hod
[10:33] {strider} ...........78
[10:33] {strider} .78
[10:33] {strider} there
[10:33] {Threei} looks right to me
[10:34] {Threei} with any market help should go to about .50
[10:35] {strider} got some MAs to bust
[10:36] {Threei} bust them it will
[10:36] {Threei} 1:1
[10:40] {strider} stec
[10:43] {Threei} STEC Ticking higher on Patent office disclosure of patent filing for solid state memory (15.23, +0.62, 4.24%)
[10:45] {strider} X to b/e
[10:46] {magoo} i have apptmt, cu all later
[10:46] {Threei} take care mags
[10:46] {Les} ciao
[10:49] {strider} styopped b/e....lousy trade
[10:49] {Threei} just oversat it
[10:50] {strider} yeah....greedy
[10:52] {strider} Did that twice today.
[10:55] {Threei} A Taoit Trader course can't come soon enough
[10:55] {jfjf64} short lvs
[10:55] {jfjf64} .29
[10:55] {Les} RCL bouncing on support. Still waiting for entry
[10:57] {dino} insu sm l .00
[10:58] {Les} s RCL small shares .47 stop above .80
[11:05] {RonS} pomo done...mkt pullback
[11:05] {Les} wish I'd shorted the bounce instead of the bottom - doofus
[11:06] {nemo} ww.alcpu.com
[11:06] {nemo} sorry
[11:07] {strider} we know
[11:10] {RonS} Fed buys $2.5 billion in Treasury bonds 10/26 09:10 AM
[11:10] {kowboy} mcox open ipo
[11:11] {RonS} Dealers offer Fed $11.305 bln in long-term debt 10/26 09:10 AM
[11:11] {strider} there's the move in X I was looking for
[11:12] {nemo} si.com
[11:12] {nemo} oops
[11:13] {strider} starting to decompensate, nemo?
[11:13] {nemo} no...two computers
[11:14] {Les} who's tony romo?
[11:14] {nemo} quarterback for Dallas Cowboys
[11:14] {Les} right. just checking out your si.com
[11:14] {ese} America's and mine as well
[11:14] {RonS} mincemeat for NY Giants
[11:14] {ese} team
[11:16] {dino} j e t s
[11:16] {Les} RCL stopped. I deserved that
[11:16] {RonS} i figure ese for a Calgary buckaroos fan
[11:16] {nemo} and the giants
[11:16] {RonS} jets jets jets
[11:16] {Les} what are you people talking about?
[11:16] {ese} i love those comercials where supports of one team move into the neighbourhood of another team and the community of the team that they've moved into just treats them like Sh*&.......too funny
[11:17] {RonS} u got directv?
[11:17] {khaln} football
[11:17] {RonS} real football
[11:17] {Les} yeh I know. wierdos
[11:17] {RonS} not auzzie, not soccer...
[11:18] {RonS} :D
[11:18] {ese} I think it's the Greenbay community one where that women in the bar squeezes a wet rag she's just used to clean the counters over some beers..
[11:19] {ese} too get those guys out of the area
[11:19] {Les} vad CCL .90 b/d?
[11:20] {RonS} dino whatch thinkin tgt insu?
[11:20] {ese} Saskatchewan Roughriders Ron........Live and die by that team....grew up 3 blocks north of Taylor Field as a kid........Ron Lancaster and George Reed were heros
[11:20] {dino} 23
[11:21] {RonS} wow
[11:21] {ese} yup....that was Lancasters number dino
[11:21] {RonS} lol
[11:21] {ese} that is a wow
[11:21] {dino} lol
[11:23] {Threei} let's see if it stays flat while market rises, les
[11:24] {Threei} if it does then yes, .90 break will become a shirt trigger when market reverses
[11:24] {ese} speaking of the jets.....where or what is joe Namuth up to
[11:25] {RonS} similar to the rest of us...old durnk who mashes young women...
[11:25] {RonS} drunk
[11:25] {Les} well can't be like me
[11:26] {RonS} ok, u not old...
[11:26] {Les} I'm a young drunk mashin old woman
[11:26] {RonS} lol
[11:26] {Les} wife has 11 years on me
[11:26] {strider} GS interesting downtrend
[11:26] {ese} aahhhhhhhhemmmmmm!!!!!!!!! now now
[11:26] {RonS} whoa
[11:27] {strider} MIPS salmon
[11:31] {RonS} wow lvs
[11:32] {RonS} dang dino insu shows 3.4 mil sh short...don't these guys need to cover?
[11:36] {dino} strange. report was good, guidance confirmed.
[11:36] {dino} brb
[11:36] {RonS} To Jesse Livermore: "Did you cover that short?' No. "Why not?" I want to wait a few days and make sure that it is really dead.
[11:40] {RonS} brb?
[11:40] {strider} indigestion
[11:40] {strider} be right back
[11:43] {strider} back around 1:30
[11:44] {dino} cyt sm l .50
[11:45] {RonS} great pix: http://www.msnbc.msn.com/id/39836433?GT1=43001
[11:47] {Les} rcl/ccl showing weakness. just took my first scalp of ccl b/d of 95
[11:47] {Les} beginning to fail support
[11:51] {Les} no if only the market would play ball
[11:51] {Les} now if
[11:53] {Threei} Only 14% Prefer Government-Regulated Economy Over Free Market
[11:53] {Threei} 1% prefers market, 85% answer "huh?"
[11:55] {Les} huh?
[11:55] {Threei} right
[11:55] {Les} they don't wanna be disturbed from their sitcoms hey?
[11:55] {Les} glued to the tv
[11:55] {Threei} why sitcoms... there are plenty other valuable things to do not to be distracted from
[11:55] {Threei} football
[11:55] {Threei} hockey
[11:56] {Threei} amrican idol
[11:56] {Les} all the same crap
[11:56] {Threei} reality shows
[11:56] {Threei} so, don't underestimate how busy we are
[11:58] {RonS} ...the real problem is that very few understand what "government regulated" and "free market" even mean...or what the current state is now, and what iit has been in the past, or may be in the future...
[12:00] {RonS} ...it is now those on the inside (of governmen), vs. those on the outside. The municipal unions are killing the country, similar to what the industrial unions did in the '70's
[12:00] {RonS} ...and then those koolaid drinking teachers...
[12:01] {RonS} ...and govt contractors who love big govt...and big business who love regulation to stifle competition.
[12:02] {RonS} Adam Smith detailed the dynamic 235 yrs ago.
[12:03] {RonS} ...sorry, guess i had to vent. :/
[12:05] {RonS} meantime, look at the picture i posted...they are fantastic
[12:05] {RonS} pictures
[12:06] {Threei} very cool ones
[12:07] {Threei} have I shown my last catch?
[12:07] {Threei} http://photography.realitytrader.com/
[12:09] {dino} lol ron, but i see it too
[12:11] {Threei} (UK) BoE's Posen: Easy monetary policy does not cause asset bubbles, FX appreciation does not increase asset bubbles
[12:11] {dino} insu ron
[12:11] {RonS} out insu +.61
[12:11] {Threei} wtg
[12:11] {dino} gj
[12:11] {Threei} how about this:
[12:11] {Threei} - Raising interest rates in an open economy can fuel asset bubbles by attracting capital inflows.
[12:12] {dino} brb
[12:14] {dino} seems backwards
[12:15] {RonS} i sure miss Milton Freidman...the idiocy of the current regime is staggering
[12:15] {Threei} oh good... I am not the only one feeling I suddenly moved to parallel universe
[12:15] {RonS} ...actually dino that cna occur, but not in this environment
[12:15] {Threei} which turned out to be perpendicular
[12:17] {Threei} Long Setup: RIMM .50 break
[12:17] {Threei} if stays above .40
[12:26] {Threei} nope
[12:34] {Threei} Preview: (US) Treasury's $35B 2-year note auction results due just after 13:00ET
[12:43] {Threei} rinse
[12:44] {Threei} wow
[12:45] {Threei} 'em are fighting words:
[12:45] {Threei} CH) China Minister: US' dollar issuance is 'out of control', US is attacking China with inflation
[12:45] {Threei} - NOTE: earlier today Chinese press cited a Chinese minister as saying China has been impacted by imported inflation, due to higher commodity prices.
[12:45] {Threei} imported inflation - I knew we did export something to China
[12:46] {Threei} in the morning:
[12:46] {Threei} 07:59:20
[12:46] {Threei} (CH) China Minister: China has been impacted by imported inflation, due to higher commodity prices - Xinhua
[12:46] {Threei} - 2011 exports will likely stabilize while imports will likely increase.
[12:51] {RonS} Bernanke to China: "but it is not "core" inflation so it does not matter."
[12:51] {dino} roflol
[12:52] {Threei} hehe
[12:52] {RonS} ...the highly intelligent US population understands this. What is wrong with you?
[12:52] {dino} nothing moving
[12:55] {RonS} ...btw, my coffe went up 20% last week...guess it thought it was health care...
[12:55] {RonS} coffee
[12:58] {RonS} rimm...really?
[13:00] {RonS} if bidu had not pslit...it would be $1120 and have to change its name to Berkshire Hathaway
[13:07] {RonS} GS 50 yr bond: hey, if the Mexican government can do a 100 yr, why not?
[13:08] {larisa} Ron is bored to death :)
[13:08] {RonS} ;)
[13:08] {RonS} too much of that high priced coffee...
[13:08] {larisa} lol
[13:09] {larisa} you need some exciting trade, like shorting RCL or something :)
[13:11] {Threei} RIMM is about to bust through 55 it seems
[13:13] {larisa} I will bet you a dollar it will not break 55 :)
[13:14] {Threei} you got a bet
[13:15] {larisa} just trying to stay awake :)
[13:15] {Threei} (US) TREASURY'S $35B 2-YEAR NOTE AUCTION DRAWS: 0.40%; BID-TO-COVER RATIO: 3.43 V 3.78 PRIOR AND 3.20 AVG OVER LAST 10 AUCTIONS
[13:15] {Threei} 38.3% allotted at the high
[13:15] {Threei} - Indirect bidders take 40% of competitive bids, direct bidders take 15.9%, primary dealers take 44.1%.
06[13:16] * Threei puts bird seeds at 55.01 for RIMM's consumption
06[13:16] * Threei puts a carrot at 55.02
[13:16] {RonS} ...something is messing w/ my mibbet...
[13:16] {RonS} ok, that does not sound right...
[13:16] {Threei} lol
[13:17] {Threei} here kitty kitty
[13:17] {RonS} nflx...holy smokes
[13:18] {Threei} there
[13:18] {larisa} oh oh
[13:18] {Threei} my dollar please
[13:18] {larisa} you bribd it, does not count
[13:18] {Threei} sigh
[13:19] {RonS} ...send him dime, by the time it gets there that will be what its worth
[13:19] {Threei} lol
[13:19] {Threei} what am I China?
[13:19] {RonS} hehehe
[13:22] {RonS} seems to be some real running 'o the shorts on these super-heated stocks: lvs, nflx, bidu
[13:30] {RonS} ...did ya hear?...early voters in nevada are going to the polls...only to find out that hey have already voted for Harry Reid...
[13:30] {RonS} ...election officials..."there is no fraud"
[13:30] {Threei} sheesh
[13:42] {larisa} good thing I did not bet on 56 :)
[13:42] {Threei} lol
[13:44] {dino} ron, insu at .90
[13:45] {RonS} gj
[13:45] {dino} :D
[13:45] {dino} feels higher
[13:46] {RonS} u channeled your inner paitence...
[13:47] {dino} inner luck
[13:49] {Threei} RIMM is becoming hysterical
[13:49] {Threei} end must be near
[13:52] {Threei} lime clockwork
[13:52] {RonS} ...hearing aapl getting hit on aapl buyout of nflx rumor
[13:53] {dino} cyt stopped -.31
[13:57] {Threei} Short Setup: LVS .50 break
[13:57] {Threei} if stays under .60
[14:01] {Threei} RIMM is down iver a dollar from remark
[14:02] {Threei} too bad there was no setup
[14:02] {Threei} damn discipline
[14:03] {ese} .
[14:03] {ese} just checkin in....it's miller time..........errrr ummm choir time
[14:03] {ese} cya
[14:04] {Threei} take care ese
[14:04] {dino} cya es
[14:11] {strider} .
[14:13] {dino} insu to .99
[14:19] {Threei} Long Setup: RIMM .55
[14:19] {Threei} half lot
[14:20] {Threei} invalidated
[14:20] {Threei} word of the day
[14:22] {dino} insu to .19
[14:24] {dino} out half insu .33, +1.33
[14:24] {dino} stop on rest .25
[14:26] {dino} out remainder .25, +1.25
[14:27] {Threei} beautiful
[14:27] {dino} thx
[14:28] {nemo} folks...found an awesome little ram defrag utility that doesn't bog down the system and is almost instantaneous
[14:28] {nemo} if you use freestockcharts it could be important
[14:28] {nemo} because of the frickin' memory leak
[14:28] {nemo} in Silverlight
[14:28] {nemo} it's called cleanmem
[14:30] {Les} belt up Nemo
[14:30] {Les} HRBN pop
[14:32] {Les} damn what did X do wrong? it's dead
[14:33] {Les} CAT b/d vad. interested?
[14:35] {Les} Vad gone for a drink?
[14:37] {dino} w/x report it should be bloody dead
[14:38] {Threei} market seems to reverese back up Les
[14:40] {Les} k
[14:42] {RonS} deck close to a breakout...prob off coh report
[14:43] {Les} dino u got svnt read?
[14:49] {dino} up
[14:53] {Les} k
[14:56] {RonS} dang dino, we should have been on that OI story...stock hit on Chavez nationalization of 2 OI plants...only 5% of their profit
[14:57] {RonS} ah, for the days of gunboat diplomacy...or ronald reagan...
[14:57] {jfjf64} sle
[14:58] {Les} don't worry, I'm sure Chavez is on a contigency security plan somewhere in the pentagon
[14:58] {Les} if ever needed by white house diversionary team
[14:59] {RonS} ...but the O base idolizes him...and he is half of the New World Order
[14:59] {Les} RIMM break of 55
[14:59] {Les} b/d
[15:01] {RonS} LVS feels like it wants 41 imo...
[15:02] {Threei} with market spiking, easy
[15:02] {RonS} lari bet would seal the deal...
[15:03] {jfjf64} lk pullbk first
[15:03] {Les} SVNT db dino
[15:03] {Les} l .87
[15:04] {Threei} LVS is almost there
[15:05] {larisa} ron, it hurts :)
[15:06] {Les} u hunt for us a reversal setup on LVS vad?
[15:06] {Threei} I don't see it
[15:07] {Threei} overall, I have to say, either this is weord day or I am out of tune today a bit
[15:07] {Threei} slightly positive for the day, but so many invalidations
[15:08] {Threei} it usually happens when I structure setups well but go against the grain
[15:08] {Threei} so they do not trigger, no harm,
[15:08] {Les} interesting that russell 2k much lower than SPY. looking read to fall
[15:08] {Threei} but invalidations are so numerous, we would be beter off goling other way around
[15:10] {RonS} pomo pump is keeping underlying bid in market. weak pullbacks...grinds higher...chinese water torure shorts.
[15:10] {Les} I'm an idiot SPY lower than IWM
[15:10] {RonS} torture
[15:11] {dino} sm l colm .65
[15:14] {Les} wow Arcelor's CEO Mittal bearish on steel moving forward
[15:14] {Les} oops guess Ben didn't think his inflation thingy through did he?
[15:14] {RonS} morning story Les
[15:15] {Les} evening story here Ron
[15:15] {Les} and Vad knows I never listen to him
[15:16] {RonS} vad did not post, read elsewhere...thought the guy was in india...u should have heard it first...:)
[15:16] {Threei} I don't even kniw who he is
[15:16] {Threei} and why anyone cares
[15:16] {Les} I care
[15:16] {Threei} LVS 1 cent shy, lol
[15:17] {larisa} he lives in Londin, btw :)
[15:17] {RonS} needs that Larisa push...:)
[15:17] {larisa} London
[15:18] {dino} x was a bit bearish on steel too this am
[15:18] {RonS} London...India...becoming the same thing...:O
[15:18] {Threei} 41
[15:19] {Les} high prices for coal and iron ore, but can't jack up the price of steel? Where's our economic recovery?
[15:19] {RonS} supply & demand les...versus commodity speculation
[15:20] {Les} sure. I guess Ben 'the chopper' gets a big fat F in economic management
[15:21] {Les} vad RIMM 55 break?
[15:21] {jfjf64} ame l .88
[15:21] {Threei} looks so...
[15:22] {Les} out SVNT +.05. going lower
[15:23] {jfjf64} 1/1
[15:23] {Threei} good one jdf
[15:23] {Threei} jf
[15:23] {jfjf64} half out
[15:24] {jfjf64} ty 3i
[15:25] {jfjf64} bollinger keeps climbing
[15:27] {Threei} LVS seems to be preparing for another leg
[15:27] {Les} out RIMM +.13 ty vad
[15:27] {Threei} :)
[15:28] {Les} and just by the hair of my chinny chin chin
[15:28] {larisa} where was the stop ? :)
[15:28] {larisa} .75, bottom of range?
[15:28] {Les} oh why do you have to ask embarrasing questions like that Larisa?
[15:29] {Les} .80
[15:29] {Les} under
[15:29] {jfjf64} jf llks ame
[15:29] {jfjf64} lol
[15:29] {Threei} js and ame...
[15:29] {Threei} sitting in the tree...
[15:29] {Les} cover SVNT +.10 on loss of .80
[15:30] {Les} I am net .42 cents after that RCL fiasco this morning
[15:30] {Les} will call it a day. c u's tomorrow
[15:30] {dino} cya les
[15:30] {larisa} bye les
[15:30] {Threei} take care les...
[15:30] {Threei} what fiasco?
[15:31] {larisa} guess was looking for reversal on RCL
[15:34] {RonS} mips monster
[15:38] {dino} back in ten
[15:42] {jfjf64} .80 s mips
[15:42] {jfjf64} break
[15:43] {jfjf64} still live
[15:44] {jfjf64} invalid
[15:44] {Threei} it jumps up and down through levels
[15:44] {Threei} hsrd to tell
[15:45] {jfjf64} very jumpy
[15:45] {jfjf64} .79 tempting
[15:45] {jfjf64} imo
[15:46] {Threei} IMO... short it aggressively
[15:46] {Threei} keep tight stop
[15:46] {jfjf64} yup
[15:47] {jfjf64} .90
[15:47] {jfjf64} gettin late
[15:48] {Threei} 13 min
[15:48] {jfjf64} they keepim it up
[15:54] {jfjf64} good night all
[15:54] {Threei} take care jf
[15:57] {dino} cya
[15:57] {RonS} have a good evening all & thanks
06[15:57] * larisa slaps RonS around a bit with a large trout
[15:58] {RonS} lol
[15:58] {larisa} :)
[15:58] {Threei} bye ron
[15:59] {dino} out colm -.12
[15:59] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {larisa} calls of RIMM break at 55 and short at 56.50 would make our week. We need to be braver or invent "crazy calls" category :)
[16:00] {larisa} bye all
[16:00] {dino} lol
[16:00] {Threei} yeah
[16:01] {Threei} except I know how brave trders end
[16:01] {larisa} I know too :)
[16:01] {Threei} I know you know :)
[16:01] {larisa} lol
[16:06] {dino} some blood, brcm, ffiv
[16:06] {dino} eqix luv
