Tuesday, November 16, 2010

Nov 16 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html

Not very active but nicely profitable day with just one stop and a few longs and shorts, mostly on usual suspects.

Session Time: Tue Nov 16 00:00:01 2010
[08:36] {Threei}  (GR) Austria: Greece has not made EU commitments regarding public finances (related EUR/USD EUR/GBP EUR/JPY EUR/CHF SOVRX SHY BUNDS GILTS NBG )
[08:46] {jfjf64} MORNIN
[08:47] {Threei}  jf :)
[08:47] {jfjf64} tao trader  nicely done
[08:47] {Threei}  thank you
[08:47] {Threei}  one of those things, deceptively simp,le... but took well over a year for complete
[08:48] {jfjf64} never read any tao work prior  
[08:49] {Threei}  give irt due time and let it soak... it's an unusual way of thinking
[08:49] {jfjf64} must be read  couple  times  to  sink  in
[08:49] {nemo} couple?
[08:50] {jfjf64} couple x 100
[08:50] {jfjf64} lol
[08:51] {jfjf64} is ther way to book mark where yaat in online book
[08:51] {Threei}  not that I found
[08:51] {nemo} yeah, yellow sticky
[08:51] {jfjf64} k
[08:51] {Threei}  yellow sticky?
[08:51] {Threei}  where is it?
[08:51] {jfjf64} nemo bein nemo
[08:51] {nemo} yeah, right it on the yellow sticky and put it on your monitor
[08:51] {nemo} write
[08:52] {Threei}  oh
[08:52] {Threei}  I thought for a sec you being serious and found some feature I haven't
[08:52] {Threei}  how erroneous my ways were
[08:52] {jfjf64} not me
[08:52] {jfjf64} more coffee vad
[08:53] {jfjf64} next question can we print  book form out
[08:54] {jfjf64} or just  online  access
[08:55] {davd} gm all.
[08:55] {jfjf64} david
[08:59] {Threei}  davd :)
[08:59] {Threei}  no hf
[08:59] {Threei}  jf
[08:59] {Threei}  online only
[09:08] {ese} good morning
[09:09] {Threei}  ese :)
[09:09] {ese} power is back on here vad.....was out for a little last night
[09:09] {ese} how bout your area
[09:09] {Threei}  fine here... wind was much weaker than in your neck of the woods
[09:16] {Les} afternoon all
[09:17] {ese} les
[09:17] {Threei}  les :)
[09:17] {Les} hi ese, vad
[09:17] {Les} news front is quiet this morning vad
[09:17] {Threei}  maybe me
[09:17] {Threei}  my of my monitors is shot,
[09:17] {Threei}  had to connect another one, move things around
[09:18] {Threei}  to fly on 3 engines for now
[09:18] {Les} oh here I thought you needed to get off the vodka
[09:18] {jfjf64} old  school
[09:18] {Threei}  ummm
[09:18] {larisa} gm :)
[09:18] {Threei}  like that would have stopped me
[09:18] {Threei}  larisa :)
[09:18] {Les} right. hi lari
[09:18] {larisa} vad, les :)
[09:18] {jfjf64} larsa
[09:19] {larisa} jif :)
[09:19] {dino} gm all
[09:19] {jfjf64} lol
[09:19] {larisa} :)
[09:19] {Threei}  dino :)
[09:19] {Les} dino
[09:19] {RonS} gm all
[09:19] {jfjf64} gangs  all here
[09:19] {Threei}  Ron :)
[09:19] {Threei}  I am without a scanner guys
[09:20] {Threei}  so watching usual suspects only,
[09:20] {jfjf64} where  magoo been
[09:20] {dino} hunting i think
[09:20] {Threei}  if something behaves unusually, you might have to spot it yourself
[09:20] {jfjf64} comon  3i
[09:21] {Threei}  last time it happened to this monitor it came alive in while
[09:21] {Threei}  let's hope it does this time too
[09:22] {dino} had keyboard break last week
[09:23] {RonS} bad trade?
[09:23] {jfjf64} did  ya  smash  it
[09:23] {ese} *(US) OCT INDUSTRIAL PRODUCTION: 0.0% V 0.3%E; CAPACITY UTILIZATION: 74.8% V 74.9%E
[09:23] {Threei}  that must have been a very frustrating stock {G}
[09:23] {Threei}  lol, three of us made the same assumption
[09:23] {ese} it worked..........
[09:23] {Threei}  tells ya something, dino... :)
[09:23] {jfjf64} gold  down  15.00
[09:23] {ese} the ole cut and paste worked
[09:24] {Threei}  good good ese... tomorrow we will go over Shift, Ctrl and Alt
[09:28] {ese} ahhhh really really.......
[09:28] {Threei}  :)
[09:28] {ese} lol
[09:29] {Les} GDX sell off. watching .50
[09:30] {Les} oops
[09:33] {Threei} Long Setup:  RIMM  .30 break
[09:33] {Threei}  half lot
[09:33] {Threei}  if holding .20
[09:34] {Threei} Long Setup:  RIMM  .30 breakinvalidated of course
[09:34] {Threei}  invalidated
[09:34] {Threei} Long Setup:  LVS  .70 break
[09:35] {Threei}  ig holding .60
[09:35] {Threei}  1:1
[09:35] {Threei}  way too fast eh
[09:35] {nemo} yeah
[09:35] {ese} yup
[09:36] {Threei}  see iff pulls back into .70 for second chance
[09:36] {Threei}  ECB's Stark: ECB has strategy in place to phase out special measures and process will continue after the curent quarter
[09:36] {Threei}  - Reiterates that the central bank's mandate of price stability has not changed and would be overburdened with multiple objectives
[09:36] {Threei}  here it is
[09:36] {Threei}  same setup
[09:37] {Threei}  1:1
[09:37] {Threei}  no excuses this time, fair and square
[09:37] {Threei}  RIMM got away
[09:39] {Threei}  I am not a fan of a third chance but even that worked on LVS
[09:39] {nemo} wow rimm
[09:39] {Threei}  yeah
[09:39] {Threei}  didn't guve clean reversal signal
[09:40] {Threei}  watching X for DBV
[09:40] {Threei}  DB
[09:40] {Threei}  .70 break
[09:41] {Threei}  if holding .60
[09:41] {dino} itri sm l .24 stop .93
[09:42] {Threei}  not a scalp if works
[09:42] {Threei}  1:1
[09:42] {Threei}  half out
[09:42] {Threei}  stop to under .65
[09:43] {Threei}  RIMM is pulling back finally
[09:43] {dino} rkt sm l .75 stop .47
[09:43] {Threei}  will gget interested somewhere around .40 - .50
[09:45] {Threei}  (US) Preview: Nov NAHB Housing Market Index due out at 10:00ET
[09:45] {nemo} pwrd dino
[09:46] {ese} thor
[09:46] {Threei}  scalpers win on X
[09:47] {Threei}  one more leg down RIMM
[09:47] {dino} missed, cut to sell
[09:48] {dino} f'ing thor
[09:48] {dino} mkt drop
[09:49] {RonS} akam holding tho
[09:49] {dino} rkt stopped -.30
[09:50] {RonS} akam gotta gap to fill dino
[09:51] {dino} hmmm
[09:51] {Threei}  BUNDS (GR) Greece 5-year CDS widens over 110bps to probe the 960bps level
[09:52] {Threei}  **Reminder: Earlier today Austria Fin Min stated that Greece had not made EU commitments regarding public finances and it would withold its Dec 190M installment of Greek bailout
[09:52] {Threei}  cracks widen
[09:52] {nemo} us bonds up
[09:52] {Threei}  Greece would withold its Dec 190M installment of Greek bailout
[09:53] {Threei}  to me it sounds like Pavarotti refrained from buying ticket to his concert
[09:53] {nemo} he's dead
[09:53] {RonS} lol
[09:53] {Threei}  ok... move on to the next tenor then:
[09:53] {Threei}  (IR) Irish govt to release statement on economy at 12:00 ET (17:00 GMT)
[09:53] {nemo} Ronan what's his name
[09:53] {nemo} Tynan
[09:54] {nemo} lives in Boston now
[09:54] {dino} ec?
[09:55] {Threei}  EUR/USD Dealers noting sufficient EUR sells stops building below the Asian session lows of 1.3560
[09:56] {dino} rkt last try sm l .40 stop .09
[09:58] {Threei}  GM Exec: planning for 2011 production run of 10K Volts, but will try to respond to demand
[09:58] {Threei}  - Says the Volt just named Motortrend Car of the Year. (36.10, -0.45, -1.23%)
[09:58] {Threei}  no one has actually sseen it yet, right?
[09:59] {Threei}  *(US) NOV NAHB HOUSING MARKET INDEX: 16 V 17E
[10:00] {ese} L dndn .18
[10:01] {Les} lol GM has got its marketing stuff squared away
[10:01] {Les} still selling the same old BS
[10:01] {ese} trading vehicle dn...dndn quote please
[10:01] {nemo} .16
[10:01] {nemo} .11
[10:02] {nemo} .1008
[10:02] {nemo} .08
[10:02] {nemo} .10
[10:02] {ese} tks nemo......back up and i''m loosing money
[10:02] {ese} wtf!!!!!!!
[10:02] {nemo} .11
[10:02] {dino} bummer
[10:02] {nemo} pwrd
[10:04] {ese} out .10 -.08 1/2 lot......no biggie but G damn it!
[10:05] {Threei} Long Setup:  LVS  .10 break
[10:05] {nemo} in
[10:07] {Threei}  1:1
[10:07] {ese} classic chief.....
[10:08] {Threei}  (GE) German Fin Min Schaeuble: Affirms will not pressure Ireland to accept aid (related EUR/GBP EUR/USD )
[10:08] {Threei}  lol
[10:08] {Threei}  1:2
[10:08] {Threei}  I am out
[10:09] {Les} small s urbn .73 stop above 36
[10:10] {jfjf64} ty
[10:12] {Threei}  who?
[10:13] {dino} sm l brk/b .03 stop .73
[10:14] {Threei}  (US) CNBC reports Senator Bob Corker urging change of Fed mandate to a single inflation oriented mandate
[10:14] {Threei}  - Similar to comments from Senator Ryan made on CNBC yesterday, urging that the Fed drop its other mandate of fostering full employment.
[10:14] {jfjf64} dndn
[10:14] {jfjf64} mover
[10:14] {Threei}  aww, LVS 1:3
[10:14] {RonS} bidu stinku
[10:15] {jfjf64} ya dont  need  scanner
[10:17] {Threei}  I do
[10:17] {Threei}  but can do without for a while if have to
[10:21] {Les} urban stopped
[10:21] {Les} urbn
[10:23] {nemo} db x
[10:24] {ese} L urbn .10
[10:28] {ese} out .05 _.05
[10:28] {ese} -.05  
[10:29] {Les} short IMO ese, but once pesky longs like you cease holding it up :)
[10:30] {ese} your right....
[10:30] {RonS} its the shorts Les...22.1 mil sh short
[10:31] {ese} i wasn't going to hang around very long....it was either going to do what i wanted it to do or i was out
[10:31] {Threei}  EUR/GBP (UK) Osborne: UK will not join the Euro under his tenure
[10:32] {Threei}  *Reminder: The UK bowed out of the EMU single currency project in Sept 1992 (Known as the day George Soros broke the back of the BOE)
[10:32] {dino} lol, can you blame them
[10:32] {dino} who would want to lose control of their currency
[10:32] {Threei}  no kidding
[10:32] {Threei}  especially getting this crap in return
[10:33] {dino} you'll see the germans drop out
[10:34] {jfjf64} lvs    gettinnnHIT
[10:38] {RonS} bidu lod
[10:40] {dino} brk/b stopped -.30
[10:41] {Les} MAT vad. u like 25 break if holding .10 here?
[10:41] {Threei}  hard to tell
[10:43] {jfjf64} c/h
[10:43] {jfjf64} urbn
[10:43] {jfjf64} ??
[10:43] {Les} handle same depth as cup jf
[10:43] {Threei}  not really, but breakout nionetheless
[10:44] {RonS} big buying in nq futures
[10:44] {Threei}  .20 - .25 zone break
[10:45] {Threei}  look at the almighty dollar
[10:45] {jfjf64} uup
[10:46] {jfjf64} watchin
[10:54] {Les} URBN canned -.03 on the long side
[10:56] {Les} db here vad indexes?
[10:56] {Threei}  (GR) Luxembourg Fin Min: There exists no reason to avoid paying financial assistance to Greece
[10:56] {Threei}  - Reminder: Early Austria Fin Min noted they would be withholding their assistance to Greece
[10:57] {Threei}  I don't view it this way Les
[10:57] {Les} well I suggest you correct your vision vad
[10:57] {Threei}  okay then'
[10:57] {Threei}  you go ahead and buy... I'll wait for you on the shore
[10:58] {Les} :) you mean you don't see this as a db?
[10:58] {Threei}  right
[10:58] {Les} ok
[10:58] {dino} itri stopped flat
[10:58] {Threei}  it may go uo or down, but there is no clean setup either way
[10:58] {Les} right
[10:58] {Les} damn there goes urbn
[10:58] {RonS} lvs
[10:58] {dino} ec sm l .47
[11:00] {Threei}  tensions in Europe rise rapidly
[11:00] {dino} was thinking that
[11:00] {dino} austria balks at helping greece, finland does same to ireland
[11:01] {dino} brits saying good luck, germans getting mad
[11:01] {RonS} runner goes to next base
[11:01] {dino} lol
[11:01] {Les} yeh taxpayers aren't happy anywhere here
[11:03] {dino} darn itri
[11:03] {RonS} Fed buys $5.419 billion in Treasury bonds       11/16 09:04 AM
[11:04] {RonS} simialt to drugs, it ain't working any more
[11:04] {RonS} similar
[11:06] {RonS} lvs selloff sure is acting relentless
[11:07] {Threei}  that was easy to see, and we predicted this develoment months ago
[11:07] {Threei}  there is no way EU survives this
[11:07] {nemo} decliners to advancers 20 to 1
[11:07] {Threei}  market oesn't even get a bounce from POMO asnymore
[11:08] {dino} euro is dieing
[11:10] {Threei}  (GE) Greece Fin Min: EuroStat now trusts Greek data, country is prepared to take all measures required on deficit (related NBG EUR/GBP EUR/USD EUR/JPY EUR/CHF )
[11:13] {ese} it looks to me like the US dollar is strenghtening against most currencies....am i reading that wrong?
[11:13] {RonS} did he give them gift?  are they Trojan?
[11:13] {nemo} no...makes sense...it might be toilet paper, but the euro is dissolving, so where do you go?
[11:13] {Threei}  not wrong ese, that's what happens for a week already
[11:14] {dino} flight to safety
[11:14] {ese} ya thats what i thought.....
[11:14] {nemo} relative safety
[11:15] {ese} this is going to be good for US stocks.....i'm reading this as sucker selloff
[11:16] {Threei}  Austria Fin Min: Given the experience of the Greek debt crisis, Europe must react faster, provide clear signals to markets
[11:16] {Threei}  yeah yeah
[11:16] {Threei}  they don't get it, at all
[11:16] {RonS} hand jive?
[11:16] {ese} blah blah blah.......
[11:16] {RonS} secret handshake?
[11:17] {RonS} wink, nod?
[11:17] {Threei}  lol ron
[11:17] {ese} it's why most major wars have happened on the european continent......
[11:17] {ese} complacent......until it's too late
[11:19] {ese} thats one of the things i like about the US and all youzze down there....come hell or high water you make a decision...right or wrong and just do it
[11:20] {RonS}  FOX NEWS:    It may have only been an 18-minute event, but when 15 percent of the world's Internet traffic -- including the Pentagon, Defense Secretary Robert Gates office, the Senate and several U.S. government agencies — was redirected last April onto computer servers in China, it also may have left the sites vulnerable to surveillance — or worse.
[11:21] {ese} up here in Canada...damn were worse than the Europeans......complacent as hell.....couldn't make a decision if our life depended on it......
[11:21] {dino} it's our gunslinger upbringing
[11:21] {RonS} comes w/ ending every sentece with...eh?
[11:21] {ese} ya eh
[11:22] {dino} in any moment of decision, the worst thing you can do is nothing
[11:22] {ese} thats what we do
[11:22] {RonS} fresh out of college...my first boss first lesson...do something even if its wrong...
[11:23] {Threei}  unfortunately Brenanke had the same boss
[11:23] {ese} lol
[11:23] {RonS} Greenspan
[11:23] {dino} bernie's mad because his dollar play is working inversely
[11:23] {Threei}  he should have asked me
[11:24] {Threei}  I'd tell him in advance, as I did right here
[11:24] {dino} in the end, its nice to own the printing press, just ask ireland
[11:24] {Threei}  yeah, ends well too
[11:27] {ese} you talkin about the IRA propaganda printing press
[11:28] {Threei} Long Setup:  RIMM  .25 break
[11:28] {dino} never es
[11:28] {nemo} decreasing volume
[11:28] {ese} i think our premier has it somehow.......has convinced everyone that drinking and driving is a criminal offense except when he does it
[11:30] {dino} anf sm l .75
[11:31] {Threei}  lol
[11:31] {ese} l anf .78
[11:32] {ese} love that....finish typing...look up ...and!!!!!  voila!11
[11:34] {Les} watching urbn again. might miss it though
[11:36] {Les} damn too fast
[11:36] {Les} only captured +:09
[11:36] {Threei}  no go RIMM
[11:36] {Les} missed .12 cover
[11:36] {Les} shorted .29
[11:37] {nemo} spy hasn't broken downtrend
[11:38] {dino} next down gaps ndx 2041, s/p 1165
[11:39] {jfjf64} wow  look  uup
[11:39] {jfjf64} steady  climb
[11:41] {Threei}  euro fugitives
[11:42] {ese} dino whats your stop anf
[11:42] {Les} Vad is there keyboard shortcut to cover at whatever limit price is displayed in L2?
[11:43] {dino} .44
[11:43] {ese} ya.....50 here
[11:44] {Les} I couldn't cover quickly enough such fast drop with mouse
[11:44] {RonS} man, dks smoked the shorts...and w/ this backdrop
[11:45] {dino} forgot one, itri sm l .06, stop .73
[11:46] {Threei}  I don't use those Les
[11:46] {Threei}  you can set up your own
[11:47] {Threei}  it's certainly faster
[11:47] {Threei}  just gotta be careful, not to hit it byacident
[11:48] {Les} ok
[11:50] {nemo} spy and qs look same
[11:53] {Threei}  (EU) European officials are looking at an 80-100B rescue for Ireland - WSJ, citing sources
[11:53] {Threei}  - IMF Could get involved with the bailout along with the UK; also discussing a possible bailout for the banking sector alone.
[11:54] {Threei}  MSFT CEO Balmer: Now is not the right moment to break up Microsoft (25.79, -0.25, -0.96%)
[11:54] {Threei}  huh?
[11:54] {Threei}  what's rthat about?
[11:56] {nemo} lunchtime
[11:57] {Threei}  I must have missed something, haven't heard any "break up MSFT" talks
[12:00] {nemo} ok downtrends broken for the moment
[12:09] {Threei}  (IR) Ireland PM Cowen: Will do everything necessary to help stabilize the Euro; public finances are under control
[12:09] {Threei}  - Will stabilize the budget at the underlying target in 2010; the sense of 'crisis' is not a fair reflection on the country
[12:09] {Threei}  - Committed to a deficit target of 3%/GDP
[12:09] {Threei}  - Pledges to protect deposits at banks.
[12:09] {Threei}  - Reiterates that ECB is meeting funding requirements of Irish banks.
[12:11] {Les} back later. bon appetit
[12:14] {ese} L cree .91
[12:16] {nemo} wow look how strong dks today
[12:17] {RonS} 09:45 RonS man, dks smoked the shorts...and w/ this backdrop
[12:22] {dino} out rkt .80, +.40
[12:39] {ese} anf stopped .50 -.28 1/2
[12:39] {dino} anf stoppeed
[12:39] {Threei}  (US) Fed's Bullard: New round of Fed asset purchases has already been successful - radio interview (related EUR/USD TLT SHY )
[12:39] {Threei}  measured by what criteria?
[12:40] {Threei}  as in, we were successful in buying it?
[12:40] {dino} sheesh right on my stop, and bounced
[12:40] {Threei}  it was sold to us... non-suuccessful purchase would mean, it wasn't sold
[12:40] {Threei}  ahh, here it goes:
[12:40] {Threei}  QE2 has spurred a "significant" market reaction
[12:41] {nemo} yeah just like the original QEII sunk
[12:41] {Threei}  they consider everyone idiot?
[12:41] {Threei}  inKredible
[12:42] {Threei}  next part is interesting:
[12:42] {Threei}  it is possible Fed will not buy all $600B in authorized purchases under QE2
[12:43] {Threei}  preparing to backtracking?
[12:44] {dino} no
[12:45] {dino} the only way out is inflation, politicians fear deflation, so salvation thru inflation, just accept it and react imo
[12:45] {Threei}  WOW
[12:45] {Threei}  read this,
[12:45] {Threei}  it's beyond comprehension
[12:45] {Threei}  three parts in sentence, three lies one after another:
[12:45] {Threei}  (EU) ECB's Noyer: Fed does not have a USD depreciation strategy; there is no chance for a EMU explosion; no central banks are seeking to devalue currencies
[12:46] {dino} me thinks they protest too much
[12:46] {Threei}  this is almost funny
[12:47] {RonS} me thinks of the old Jewish joke
[12:47] {RonS} what is Yiddish for f you?
[12:47] {RonS} "Trust me"
[12:47] {dino} just reality 3i. the average guy thinks strong dollar is good, fears collapse of banks, and would freak if they knew the real problems. so dumb them down to keep them down and politicians up
[12:48] {Threei}  - Current situations can be contained if countries move forward with structural reforms; rebalancing public finance is unavoidable
[12:51] {dino} politicians do not care to do whats right, they care about the majority re-electing them, the majority doesn't understand any of this, heck in usa 43% do not pay taxes
[12:51] {dino} term limits is the only answer in can see
[12:52] {Threei}  will they impose limits on themselves?
[12:52] {RonS} some have....it is like biting off your nose to spite your face.
[12:52] {Threei}  (US) Fed's Rosengren: expect to fully complete the $600B QE2 authorization
[12:52] {dino} no
[12:53] {RonS} that district suffers since House power is with those w/ seniority
[12:53] {dino} mtb sm l .25
[12:53] {RonS} Committee Chairs etc'
[12:55] {dino} understood. and again, the reality is they do not care about doing what is right. they care about re-elections, nothing more
[12:56] {RonS} 'cept Pelosi koolaid drinkers who fell on their sword for Ocare
[12:56] {ese} cree stop to .17
[12:56] {RonS} 2 of 'em in CO...lost in districts that had gone to McCain by 200k combined
[12:59] {dino} man, lots of rinses today, itri, anf, brk/b
[13:00] {RonS} do u see an action point for a rimm l 3i?
[13:02] {Threei}  can't see an entry
[13:02] {RonS} k
[13:04] {dino} markets are stuck in tight range
[13:16] {dino} ec to .86
[13:22] {dino} sm l veco .25
[13:29] {ese} gotta go all cya tomorrow....cree running nicely
[13:29] {Threei}  take care ese
[13:30] {ese} cya vad
[13:31] {dino} ec to .99
[13:31] {dino} cya es
[13:34] {RonS} anything to this 3i?  After market dipped on last Bullard announcement, here comes this: Fed's Bullard says Fed could add to easing beyond USD 600bln
[13:35] {Threei}  I don't see it on my wire
[13:35] {RonS} k
[13:35] {Threei}  here is full text:
[13:35] {Threei}  Fed's Bullard: QE2 has spurred a "significant" market reaction; affirms it is possible Fed will not buy all $600B in authorized purchases under QE2, could also add more to the program - radio interview
[13:35] {Threei}  - Cautiously optimistic about the economy; policy will be adjusted as data arrives; Fed must make the US its primary concern
[13:35] {Threei}  - Believes the new round of Fed asset purchases has already been successful. Policy change is modest.
[13:35] {Threei}  - Reiterates he was not in favor of announcing the exact size of the QE2 program; Fed will not monetize the debt
[13:35] {Threei}  - Fed policy is not directed towards the USD
[13:35] {Threei}  - Reminder: on 11/8 Bullard reiterated that the FOMC could adjust QE2 spending higher or lower, depending on conditions; program will be contingent on data.
[13:35] {dino} fire spike
[13:35] {Threei}  ahha
[13:35] {Threei}  see this little addition:
[13:35] {Threei}  could adjust QE2 spending higher or lower, depending on conditions;
[13:36] {dino} ec to .10
[13:36] {Threei}  FIRE Hearing strength being attributed chatter management cancelled out of a tech conference (timing uncertain) (24.46, +0.95, 4.04%)
[13:37] {RonS} sonof a gun...missed it
[13:38] {RonS} ibm for fire rumor
[13:45] {dino} to .23
[13:47] {dino} to .36
[13:53] {dino} to .49
[13:53] {Threei} Long Setup:  TNA  53.10 break
[13:53] {Threei}  awww
[13:53] {Threei}  late
[13:53] {Threei}  see if pulls back
[13:54] {Threei}  valid again
[13:54] {Threei}  stop under 53
[13:54] {Threei}  1:1, half out
[13:55] {Threei}  targetinbg .40 or so
[13:55] {Threei}  stop to .05
[13:55] {dino} gj
[13:56] {Threei}  ty
[13:56] {Threei}  scalp
[13:56] {Threei}  oh well
[13:57] {dino} out ec .50,+1.10
[13:57] {Threei}  wtg
[13:57] {RonS} gj
[13:58] {dino} thx
[13:58] {dino} veco to .55
[13:59] {dino} out veco +.30
[14:06] {Threei}  killin'em today eh dino
[14:06] {patience} .
[14:07] {dino} rough morning
[14:07] {Threei}  don't drink right before going to bed
[14:11] {dino} lol
[14:13] {Threei}  and keep in mind rusian student cure for hangover
[14:13] {Threei}  brine remained after salted cucumbers
[14:15] {Threei}  returns you to life in no time
[14:15] {dino} huh
[14:15] {RonS} ya mean after u throw up?
[14:15] {Threei}  nope
[14:15] {dino} liquor to beer, never fear, beer to liquor, never sicker
[14:28] {dino} dyn
[14:29] {RonS} Blackstone to Increase Dynegy Offer to $5.00 Per Share in “Best and Final Offer”       11/16 12:28 PM
[14:38] {Les} .
[14:41] {davd} example of market manipulation - see spy 2:40 pm.
[14:41] {davd} "let wash out all the stop losses and then buy" - gs trader.
[14:45] {Threei}  how is this manipulation?
[14:45] {davd} i don't know... it just is.
[14:46] {dino} itri sm l .80 stop .47
[14:49] {Threei}  (US) Fed Spokesperson: Fed's dual mandate is appropriate, not looking to change its statutory mandate
[14:49] {Threei}  ***Reminder: On 11/16 CNBC reported that Senator Bob Corker (R-TN) urging change of Fed mandate to a single inflation-oriented mandate.
[14:49] {Threei}  Fed's not looking to change Fed's mandate
[14:49] {Threei}  how unexpected
[14:50] {davd} in itri .84 small
[14:50] {jfjf64} back  did  i  miss  alot
[14:51] {RonS} les had dinner, 3i took a nap, dino made money
[14:51] {Threei}  I never took a nap
[14:51] {jfjf64} ha  ha
[14:51] {Threei}  I never wake ujp, so it's just impossible for me to take a nap
[14:51] {RonS} good point
[14:52] {jfjf64} i  get  errror  with  mibbit  lot    lost   script     want  to  continue    anyone  else ??
[14:53] {jfjf64} guess  not
[14:53] {jfjf64} look   dyn
[14:54] {RonS} 12:29 RonS Blackstone to Increase Dynegy Offer to $5.00 Per Share in “Best and Final Offer”       11/16 12:28 PM
[14:54] {jfjf64} ty
[15:01] {dino} .
[15:03] {Threei}  (US) CNBC reports Senator Bob Corker urging change of Fed mandate to a single inflation oriented mandate
[15:03] {Threei}  [10:14] {Threei} - Similar to comments from Senator Ryan made on CNBC yesterday, urging that the Fed drop its other mandate of fostering full employment.
[15:03] {Threei}  oopps
[15:03] {Threei}  wrong paste
[15:03] {Threei}  CNBC: EcoFin statement could be released within the next couple of hours, with focus on bailout of banking sector in Ireland (related EUR/GBP EUR/USD EUR/JPY BUNDS GILTS )
[15:06] {Threei}  my feel is, selling into close
[15:07] {Threei} Short Setup: LVS  .45
[15:09] {Threei}  1:1, cover half
[15:10] {Threei}  1:2
06[15:11] * Threei slaps jfjf64 around a bit with a large roll of cash
06[15:12] * Threei slaps RonS around a bit with a large evidence of him never napping, never waking up yet being able to trade profitably
[15:12] {Les} yeh but you didn't use skype!
[15:12] {Les} I missed the call
06[15:12] * Threei slaps Les around a bit with a large text to speech software
06[15:15] * Threei looks around trying to find someone else to slap and something else to slap with
[15:16] {Les} reminds me. where's that nemo?
[15:16] {Threei}  Obama's New Children Book Hit Shelves
[15:16] {dino} out itri .90, +.10
[15:16] {Threei}  his? or her?
[15:16] {Threei}  1:3, over and out
[15:16] {jfjf64} nice  lvs  ty
[15:16] {Threei}  welcome
[15:17] {Threei}  1:4
[15:17] {Threei}  1:5... grrr
[15:17] {Threei}  [15:06] {Threei} my feel is, selling into close
[15:17] {jfjf64} what  made  you  call       vol increase
[15:18] {jfjf64} .45
[15:18] {jfjf64} break  prev  low
[15:18] {jfjf64} stupid  question
[15:18] {Threei}  look above
[15:19] {Threei}  {Threei} my feel is, selling into close
[15:19] {jfjf64} pure  gut
[15:19] {Threei}  gut for direction, trigger from the chart
[15:19] {Threei}  look at TZA
[15:19] {dino} i understand
[15:20] {Threei}  went up since the market drop call,
[15:20] {Threei}  but had no clear trigger
[15:20] {Threei}  so I never called it
[15:20] {dino} mtb to .35
[15:20] {dino} out +.10
[15:23] {Threei}  (US) US Senator Durbin (D-IL): Talks between Reid and McConnell did not progress smoothly; not optimistic that tax cuts will be extended
[15:23] {Threei}  - Reminder: Earlier Reid commented that he would look at the extension of tax cuts
[15:23] {Threei}  clownade starts
[15:24] {Threei}  everyone isgoing to jockey around trying to postion themselves most favorably in this hoopla
[15:24] {jfjf64} had bloomberg radio  on  all  day   imo   blows  cnbc  away
[15:25] {jfjf64} oh  thats  good  jf
[15:25] {jfjf64} who  gives  a   s  t
[15:26] {RonS} lol
[15:26] {Threei}  lol
[15:31] {dino} back in ten
[15:36] {jfjf64} ba   inv   c/h
[15:37] {jfjf64} .63
[15:37] {jfjf64} break
[15:39] {jfjf64} i  hv  ya  blessin  3i
[15:39] {jfjf64} hm missed  it
[15:39] {Threei}  ?
[15:39] {Threei}  I see it at .69
[15:39] {Threei}  .72 to be exact
[15:40] {jfjf64} my  wrong
[15:40] {Threei}  I'd try .70 break
[15:40] {Threei}  aggresively
[15:44] {Les} need my beauty sleep
[15:44] {Les} c u's tomorrow
[15:44] {Threei}  take care Les
[15:44] {jfjf64} good  day  les
[15:44] {Threei}  I thought of beauty sleep
[15:44] {Threei}  but realized that ship has sailed
[15:45] {Les} doesn't mean you need to cut out on sleep though. bed time. lovin it
[15:45] {davd} holding itri overnight dino?
[15:47] {dino} see above sold for dime, had to go to bus stop
[15:47] {dino} but no, i weould not hold over night, too many gap downs lately
[15:48] {davd} ok, will sell thanks
[15:48] {dino} you get in at .80? if so good job
[15:49] {davd} in at .84 in itri
[15:50] {dino} gj
[15:50] {davd} out itri .22
[15:53] {davd} banks moving up on a foreclosure agreement
[15:53] {Threei}  (US) CNBC's Olick: Banks and state AGs are near a settlment to charges surrounding the "robo-signer" mortgage scandal (related XLF )
[15:54] {dino} good
[15:54] {Threei}  The settlement would include creating a fund, doing away with dual track modifcations & foreclosures.
[15:54] {Threei}  - Principal writedowns have been on the table.
[15:54] {Threei}  - Settlement not expected for at least a month.
[15:55] {davd} apparently, "cause i felt like it" won't fly
[15:55] {Threei}  lol
[15:55] {Threei}  unless it's included in settlement terms
[15:55] {davd} imo kbe to hod
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[16:05] {dino} gn all