Thursday, November 18, 2010

Nov 18 2010

3 early plays resulted in 3 wins, one of them made Catch of the Day below. Other than that, room members found a few more nice plays, and do read a funny exchange about A Taoist Trader course 11:45 - 11:55

LVS spiked up sharply on the morning enthusiasm caused by GM, bounce from oversold and whatnot. Normally I'd wait for clear double top or some other reversal setup, but things were happening quickly so we settled on a bit more risky kind of entry. LVS touched .35, retreated under .30 and made a few quick moves between .20 and .30 within 1 min, 9:38, so even 1 min chart doesn't show that. It's "You had to be there" kind of things, but the idea is traditional: forming a range, then breaking it to trigger the trade. Upper limit of this mini-range was .30 - not even trying to retest the high at .35; this added some confidence to taking short position. 1:4 risk-reward was reached quickly as Sir Newton was proven right.

Session Time: Thu Nov 18 00:00:01 2010
[07:59] {nemo} somebody call Dino and tell him to go back to bed
[07:59] {jfjf64} MORNIN  NEMO
[07:59] {nemo} accurate assessment
[08:00] {jfjf64} 3i  sleepin in
[08:01] {jfjf64} early  bird  gets  the  worm
[08:01] {nemo} I don't like the taste
[08:01] {jfjf64} not  bad
[08:02] {jfjf64} used to  eat when  younger  tequilla
[08:02] {nemo} yeah
[08:02] {jfjf64} do  they  still hv  worm  in  tequilla
[08:02] {nemo} yeah
[08:02] {jfjf64} yeah
[08:03] {jfjf64} man  of  many  wors
[08:03] {jfjf64} yeah
[08:03] {jfjf64} words
[08:03] {nemo} Right
[08:03] {nemo} Just call me Cal
[08:03] {jfjf64} cal
[08:04] {nemo} Calvin Coolidge...famous for his lack of loquaciousness
[08:04] {jfjf64} going for  run   see ya  hour
[08:04] {nemo} thanks for the warning
[08:04] {jfjf64} cal
[08:04] {jfjf64} wasnt  he  pres
[08:05] {nemo} yes
[08:05] {jfjf64} der
[08:05] {jfjf64} lol
[08:05] {nemo} german article
[08:05] {nemo} masculine
[08:05] {jfjf64} heard  he  at  lot of  worms
[08:05] {jfjf64} ??
[08:05] {nemo} really? didn't know that
[08:06] {jfjf64} oh  boy
[08:06] {nemo} "der"  is the masculine article in german
[08:06] {jfjf64} realy
[08:06] {nemo} Der Mann.  Die Frau. Das Frauelein
[08:06] {nemo} jawohl
[08:06] {jfjf64} ??
[08:07] {nemo} jawohl= emphatic "yes" or agreement
[08:07] {nemo} You would have heard Seargeant Schulz say it
[08:07] {jfjf64} easy
[08:08] {nemo} einfach
[08:08] {jfjf64} 3i tao trader  takin up  enough of  my  brain
[08:08] {nemo} that's 1 of 2 things
[08:08] {jfjf64} einfach
[08:08] {nemo} einfach=easy
[08:09] {nemo} or  entspannen=relax=easy, as in take it easy
[08:09] {nemo} regarding your comment on tao trader
[08:10] {nemo} means either there is a veritable cornucopia of information-the cup runneth over, or...the cup ain't that big
[08:10] {nemo} aren't you sorry you got me going
[08:10] {nemo} ?
[08:10] {jfjf64} YES
[08:10] {jfjf64} now that  ya  mentioned  it
[08:11] {jfjf64} see ya
[08:11] {jfjf64} spy  up  big
[08:12] {jfjf64} gm   think  lot  to  do  with it
[08:13] {davd} gm all
[08:14] {nemo} just way oversold
[08:29] {Threei}  yawn
[08:30] {Threei}  hmmm... back to sleep?
[08:30] {nemo} call dino tell him to go back to bed
[08:36] {RonS} gm the ntap 50.20 on the ah open...guess I should have held...dadnabbit  :P
[08:36] {RonS} still +1.00
[08:37] {Threei}  ron :)
[08:37] {Threei}  well, you never know
[08:37] {Threei}  odds of pop-up at the open were high
[08:37] {Threei}  what cxomes next is rather guess
[08:37] {RonS} so true...Murphy lives...
[08:59] {Threei}  EU) ECB's Trichet: Affirms interest rates remain appropriate; extraordinary measures are temporary
[08:59] {Threei}  - Highlights concern over the "depth" of the stability pact.
[08:59] {Threei}  - The eurozone comprises 16 states and is not a fully integrated political entity.
[08:59] {Threei}  concern over the "depth" of the stability pact, eh
[09:02] {nemo} go back to bed dino
[09:03] {dino} gm all
[09:03] {dino} lol
[09:03] {Threei}  dino :)
[09:04] {dino} gj ntap ron
[09:05] {RonS} dumb luck but not too bad on the heart palpatation front since strong numbers...but when it halted...sheesh
[09:06] {Threei}  yeah, nerve wrecking
[09:07] {dino} sucks
[09:08] {RonS} small shares so classic dino play.  In times past would not have even tried.So thanks dino for exposing your style.
[09:09] {dino} np
[09:11] {RonS} fire...John Najarian confirmed they cancelled out of a major presentation.  He called them and got a "no commetn".  Classic takeover behavior.
[09:13] {larisa} gm :)
[09:13] {RonS} ...for those interested the najarian borthers have a tremedous amount of integrity...imo
[09:13] {Threei}  larisa :)
[09:14] {RonS} tremendous
[09:14] {larisa} vad, Ron :)
[09:14] {RonS} hi larisa  ;)
[09:15] {davd} hi larisa and rons
[09:16] {larisa} davd :)
[09:16] {Threei}  davd :)
[09:16] {Threei}  C SEC looking into a Citigroup deal from 2007, probing Citi's conduct in a $1B mortgage deal - Propublica (4.19, 0.00, 0.00%) (related BAC GS XLF )
[09:16] {davd} threei dino
[09:17] {Threei}  (UK) UK PM Cameron: Ireland bilateral aid is possible as UK has deep relationship with the country
[09:17] {Threei}  - Bilateral aid would add to the UK deficit
[09:17] {Threei}  and of cource UK is all too eager to do that
[09:18] {Threei}  General Motors Corp Reminder: IPO to open for trade on NYSE today
[09:18] {Threei}  - priced 478M shares at $33/share, in an increased offering pricing above original $26-29 range. The company also raised $4.35 billion in a larger-than-expected sale of mandatory convertible preferred stock, which pays a 4.75% dividend
[09:18] {Threei}  - Lead managers Morgan Stanley, JP Morgan and BofA/Merrill
[09:18] {Threei}  - Second largest automaker in world by volume
[09:18] {Threei}  - US Treasury's ownership falls below 30%
[09:18] {Threei}  - To open for trade on NYSE under GM and also on the Toronto stock exchange under symbol GMM
[09:18] {Threei}  GM CNBC: NYSE specialist sources note opening range to be between $36-37 (36.95, 0.00, 0.00%)
[09:18] {ese} morning
[09:18] {Threei}  ese :)
[09:19] {dino} govt at 37% after ipo, cnbc stating
[09:21] {Threei}  General Motors Corp Following waiting period of at least 6 months, government to sell its remaining shares in GM at an average $50/shr to break even - McClatchy Tribune Information Services
[09:21] {Threei}  - No specific timing outlook for complete exit.
[09:21] {dino} how do they know they get 50?
[09:22] {nemo} yeah, and someone calculated gm would have to sell for 130 a share for the US to break even, so we just lost $100 a share
[09:22] {Threei}  he means they need 50 to break even I guess
[09:22] {jfjf64} mornin all
[09:23] {nemo} I have a feeling that's a pr number
[09:23] {Threei}  jf :)
[09:23] {RonS} 3i is correct...still $10 bil in the hole at ipo price...claculating remaing ownership time what price gets breakeven
[09:23] {ese} am eyeing hgsi again
[09:24] {RonS} all false accounting many trillions have been thrown at the economy to bubble conditions to get gm to this point?
[09:32] {Threei} Short Setup: X  .30 break half lot
[09:33] {Threei}  .40 and .45 for scalpers and day traders
[09:35] {Threei} Short Setup: LVS  .20 break
[09:35] {Threei}  half lot
[09:35] {Threei}  GM *IPO OPENS FOR TRADE AT $35.00
[09:36] {nemo} stop on lvs?
[09:37] {Threei}  abive .35
[09:37] {Threei}  cover half
[09:37] {jfjf64} die   x
[09:37] {Threei}  1:1
[09:37] {Threei}  scalpers take profit
[09:38] {nemo} ty
[09:38] {Threei}  welcome
[09:39] {Threei}  X, let's trail to .40 everyone, scalper or not
[09:39] {Threei}  1:2 LVS
[09:39] {jfjf64} ty
[09:39] {Threei}  1/4 more
[09:39] {Threei}  1:3
[09:39] {Threei}  your choice, cover or trail
[09:40] {Threei}  if trailing, try to cover in full around .65
[09:41] {Threei}  bunhc of numbers in 20 min
[09:41] {Threei}  (US) Preview: Nov Philadelphia Fed Index due out at 10:00ET
[09:41] {Threei}  (US) Preview: Q3 Mortgage Delinquencies due out at 10:00ET
[09:41] {Threei}  (US) Preview: Oct Leading Indicators due out at 10:00ET
[09:41] {Threei}  .65 is here
[09:41] {nemo} gm dropping like Obama's ratings
[09:42] {Threei}  +.60
[09:42] {Threei}  over and out
[09:42] {dino} lol
[09:43] {jfjf64} share a litttle  with   x
[09:43] {jfjf64}   wanna  beat  this  down
[09:43] {nemo} traded 82 million shares already
[09:45] {Threei}  X 1:1
[09:46] {jfjf64} out
[09:46] {jfjf64} ty
[09:46] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrr
[09:46] {Threei}  yw
[09:46] {Threei}  (UK) BoE's Posen: Policymakers do not have the ability to detect harmful asset bubbles in real time
[09:47] {Threei}  1:2
[09:47] {dino} cov x +.24 ty 3i
[09:47] {Threei}  hey, did we break the curse of big gap up days today?
[09:48] {Threei}  dino :)
[09:48] {jfjf64} yup
[09:48] {jfjf64} its  that  TAO  stuff
[09:48] {Threei}  let's frame the money, put it on the wall and go sleep
[09:48] {Threei}  yes jf
[09:48] {dino} lol
[09:48] {Threei}  Tao rules
[09:50] {Threei}  so, haitians blame UN peacekeepers for bringing cholera
[09:50] {Threei}  as much as I love and rfespect UN, sounds about right
[09:51] {Threei}  funny line: No 2 mob boss arrested in Japan
[09:51] {Threei}  I want to add: No 1 mob boss personally put handcuffs on him
[09:52] {Threei}  too bad we can't short GM
[09:52] {Threei}  35 break is calssic setup
[09:54] {Threei}  look how it works
[09:54] {Threei}  like charm
[09:54] {jfjf64} drys  lot  vol
[09:55] {RonS} positive report on their deep water drilling biz jf...say rates have bottomed and are moving up
[09:56] {jfjf64} ty  rs
[09:56] {ese} dino what are you looking at
[09:56] {dino} shld, hum, wlt, wsm, wern
[09:57] {ese} am just looking at hum
[09:57] {RonS} wlt buying some aus coal firm
[09:58] {ese} so just a dn Q for hum but outlook still good hmmmm
[09:58] {dino} y
[09:58] {dino} lowered guidance es
[09:58] {dino} wern news?
[09:59] {Threei}  *(US) NOV PHILADELPHIA FED: 4.5 V 5.0E
[09:59] {Threei}  *(US) Q3 MORTGAGE DELINQUENCIES: 9.13% V 9.85% PRIOR (Q2)
[09:59] {Threei}  *(US) OCT LEADING INDICATORS: 0.5% V 0.5%E
[10:00] {Threei}  WERN, I see nothing since Nov 9
[10:01] {dino} same
[10:01] {dino} sm l .45, stop .14
[10:02] {dino} make stop .19
[10:02] {RonS} they corrected the Philly number 3i
[10:02] {RonS} 22.5
[10:03] {Threei}  *(US) NOV PHILADELPHIA FED: 22.5 V 5.0E
[10:03] {Threei}  huh?
[10:03] {Threei}  sheesh
[10:04] {nemo} can't be
[10:04] {davd} out whr 77 (prev day)
[10:04] {Threei}  Sub-Indices:
[10:04] {Threei}  - Prices Paid: 34 v 31.5 prior
[10:04] {Threei}  - New Orders: 10.4 v -5.0 prior
[10:04] {Threei}  - Employment: 13.3 v 2.4 prior
[10:04] {Threei}  - Inventories: -5.9 v -18.6 prior
[10:04] {Threei}  all the numbers look screwed up horribly
[10:05] {nemo} input prices make sense
[10:09] {dino} kra sm l .60 stop .34
[10:10] {nemo} looks like trend day
[10:10] {Threei}  the % of idiots is as elusive as ever:
[10:10] {Threei}  38% Say U.S. Legal System Favors Individual Rights Over National Security
[10:11] {Threei}  26% Say U.S. Heading in Right Direction
[10:11] {Threei}  go figure
[10:11] {nemo} spy should reache 120.90
[10:16] {ese} kra nice dino
[10:17] {dino} kra to .49
[10:18] {jfjf64} aapl
[10:18] {jfjf64} 308
[10:18] {jfjf64} break
[10:19] {Threei} Short Setup: RIMM  .50 break
[10:19] {Threei}  half lot
[10:20] {Threei}  if stays under .65
[10:21] {Threei}  1:1
[10:21] {jfjf64} give  upp 20ma
[10:22] {Threei}  had to go for secoind chance entry, original break was unobtainable
[10:22] {Threei}  but the bounce back to .49 and with huge offer chasing it down at .50 was perfect
[10:22] {jfjf64} correct  ya  learnin
[10:22] {jfjf64} lk that
[10:23] {jfjf64} hold .43
[10:23] {jfjf64} we  good
[10:24] {Threei}  yes, this same offer
[10:24] {Threei}  still chasing it down
[10:24] {Threei}  at .33 now
[10:26] {jfjf64} aapl
[10:26] {dino} pssi sm l .70
[10:27] {jfjf64} ty  rimm
[10:28] {jfjf64} aapl
[10:28] {jfjf64} aapl
[10:30] {ese} ahhhhhh  L pssi 1/2.75   i'm in
[10:32] {ese} L zion .89 full
[10:36] {dino} mtb sm l .74
[10:36] {ese} ya know...the name of that bank sounds like you've sent your money into outer space ZZZZZZIIIIIIIIIIIIION!
[10:36] {ese} good by!!!
[10:36] {ese} bye
[10:37] {dino} the matrix
[10:37] {ese} ya
[10:37] {RonS} Mormon church bank ese...originally
[10:37] {ese} pssi....tire pressure for car?
[10:38] {ese} ahhh   didn't know that
[10:38] {ese} traditional investing values involved
[10:38] {nemo} stop mtb dino?
[10:38] {dino} .43
[10:38] {jfjf64} go aapl
[10:39] {jfjf64} gimme  my  buck
[10:39] {ese} you in jf
[10:39] {jfjf64} y
[10:40] {ese} where
[10:41] {jfjf64} 308.04
[10:41] {ese} nice....1/2 way there
[10:41] {ese} 10,000 shs?
[10:41] {jfjf64} lol
[10:42] {jfjf64} 300
[10:42] {ese} demi god status
[10:43] {jfjf64} need to  hold    ma
[10:45] {jfjf64} out
[10:46] {jfjf64} prob  mistake
[10:46] {dino} wsm lod
[10:46] {ese} tire pressure gone from pssi dino
[10:47] {dino} yeah
[10:48] {dino} wsm sm l .60
[10:48] {dino} stop .29
[10:48] {ese} out 1/2 zion .09 +.19
[10:48] {dino} gj
[10:49] {ese} tks
[10:49] {ese} stop to break even balance
[10:50] {ese} this is a vad classic's makes a couple of thousand the way he does it
[10:50] {ese} but i'm not that good
[10:59] {dino} meru
[11:00] {ese} was expecting the online rebuke with that previous crack......but being ignored is way more devastating.......i'll never recover
[11:00] {dino} slap
[11:01] {ese} will be banned from the board i'm sure
[11:02] {Threei}  lol
[11:04] {dino} wsm to .90
[11:04] {dino} thing is stuck
[11:05] {ese} pssi re inflating
[11:05] {dino} lol
[11:06] {dino} brb
[11:15] {dino} wsm stopped +.32
[11:15] {dino} jks blood again today
[11:16] {dino} need bottom nemo, jks
[11:19] {dino} sm l .70
[11:19] {dino} stop lod
[11:24] {dino} jks to b/e
[11:25] {dino} out flat
[11:26] {dino} want re-test
[11:28] {ese} ahhhhhh zion......wha did i tell youzzzz about vads way of doing's gonna make millions i tell ya millions
[11:29] {dino} sm l .45
[11:30] {ese} stop to .15 zion
[11:30] {dino} gj
[11:30] {ese} millions!!!!!! I tell ya millions!!!!!!1
[11:31] {ese} no online rebuke again.........this is devastating to my ego.....argh
[11:32] {dino} lol
[11:33] {RonS} what can you say to someone foaming at the mouth?
[11:33] {RonS} only magoo can be this delusional
[11:33] {Threei}  lol
[11:33] {RonS} :D
[11:34] {Threei}  ese, have you seen our premier backtracking tax cut?
[11:34] {dino} roflol
[11:34] {Threei}  guy can't be fired fast enough
[11:34] {Threei}  I don't think he is sane
[11:38] {ese} ya......what a doof
[11:38] {ese} L fitb .22
[11:40] {dino} they all lie
[11:45] {ese} didn't someone start screaming at him in cabinet yesterday or the day beofore.......sounds like they are sick and tired of him also
[11:45] {larisa} "A TAOIST TRADER" is very smart and very original idea too. Congrats Vad. How long it took to write this one?
[11:46] {Threei}  thank you larisa
[11:46] {ese} couple of days i'm sure
[11:46] {nemo} too long
[11:46] {Threei}  it actually took much longer than any of my opther works
[11:46] {Threei}  about year and half
[11:46] {ese} ahhhh a week?
[11:46] {Threei}  MPP took 6 month
[11:46] {nemo} thats because of that jerk you had helping you
[11:47] {Threei}  lol
[11:47] {ese} heyy it wasn't me alright
[11:47] {larisa} I am in the middle, it is incredible actually. Sometimes I feel I am not smart enough for  it, but i will try my best :)
[11:47] {nemo} It was Les
[11:47] {Threei}  mostly because unlike all other things I have written, this one was not fully in my head before I began
[11:47] {Threei}  I was discovering things as I wrote
[11:48] {Threei}  you are making me blush
[11:48] {Threei}  and it takes a lot to make me blush
[11:48] {larisa} well,  you deserve it :)
[11:48] {Threei}  ty
[11:48] {larisa} this time :)
[11:48] {Threei}  lol
[11:49] {Threei}  I hinestly consider it to be most important thing out of everything I've written
[11:49] {dino} hey, nemo is mentioned in it
[11:49] {nemo} that's the fish
[11:50] {Threei}  and nemo was absiolutely instrmental in it, if that's the right word
[11:50] {Threei}  he actually introduced me to the whole thing
[11:50] {dino} wtg nemo
[11:51] {Threei}  and patiently coped with my multiple writings, rewritings and misplacing of articles
[11:51] {Threei}  now, here is the funny thing
[11:51] {nemo} I've edited for russians before ;)
[11:51] {Threei}  normally, chapter would return from him with edits,
[11:52] {Threei}  and I just go through it clicking "accept change", because majority of changes was A, THE etc
[11:52] {Threei}  things that we ruissians just don't get since our ,anguage has no such concept at all
[11:52] {Threei}  so, one of them comes
[11:52] {Threei}  I scroll through,
[11:52] {Threei}  click those "accpet changes" almsot automatically
[11:53] {Threei}  then realize that one that I just accepted looked suspiciously strange,
[11:53] {Threei}  return to it
[11:53] {Threei}  and read:
[11:53] {Threei}  "what the fuick does that mean?"
[11:53] {dino} roflol'
[11:53] {nemo} oh yeah, I remember that
[11:53] {Threei}  if I didn't return and niotice it, that would be what a reader got now, lol
[11:54] {larisa} it is there, page 186
[11:54] {Threei}  rofl
[11:54] {Threei}  OK, I admit, made me look
[11:54] {larisa} :)
[12:01] {Threei}  look at the volume duvergence:
[12:01] {Threei}  - NYSE volume 550M* shares, about 43% above* its three-month average; advancers lead decliners by 4.7:1.
[12:01] {Threei}  - NASDAQ volume 875M shares, about 2% above its three-month average; advancers lead decliners by 4.1:1.
[12:05] {dino} jks to .95
[12:07] {dino} to .05
[12:07] {dino} wsm lod area
[12:07] {nemo} likely to go to vwap currently at .4 and dropping slightly
[12:08] {nemo} you short wsm?
[12:08] {dino} no was long for +.30
[12:08] {dino} may hit again
[12:08] {dino} jks to .25
[12:09] {dino} out jks +.80
[12:11] {nemo} oh sorry vwap was .4
[12:11] {dino} wsm sm l .51
[12:12] {dino} oh man, where were you when i needed that
[12:12] {nemo} vwap was .49
[12:12] {nemo} frickin' number keys are sticking...rabbit must have peed on them
[12:12] {Threei}  rofl
[12:12] {dino} more like the mouse
[12:13] {nemo} Yeah, fell asleep for a few minutes after the close, thing is sitting on my chest with that, "and just when were you going to feed me.." look
[12:13] {dino} pssi to b/e, slow
[12:14] {dino} wsm stop is .24
[12:17] {dino} mtb stopped -.31
[12:18] {nemo} stop on wsm dino?
[12:19] {nemo} short below .30 vad on wsm?
[12:19] {nemo} yep
[12:19] {nemo} didn't get it though
[12:20] {davd} thought on why 30yr treasury is rallying - related to not extend build america muni bond program?
[12:22] {dino} wsm rinsed
[12:23] {Threei}  really not sure nemo
[12:23] {nemo} it worked for a scalp, and then bounced
[12:23] {Threei}  see how unsure I aam?
[12:23] {Threei}  even after it worked, I am still not sure
[12:24] {nemo} look at it now, lunchtime action
[12:24] {dino} its a pig
[12:25] {dino} 31.80s
[12:25] {nemo} I've got 31.60 for support
[12:31] {dino} locked at .65
[12:32] {nemo} ?
[12:32] {dino} waiting
[12:32] {nemo} oh, wsm
[12:35] {dino} sm l .25
[12:43] {nemo} ntap, short or long?  ;)
[12:43] {dino} looks short
[12:43] {dino} chart rolling
[12:44] {nemo} at fib retracement here
[12:45] {dino} mtb, .75 going to hold?
[12:47] {dino} 20 sma
[12:47] {nemo} looking good, but would expect a db
[12:48] {nemo} .54 next stop
[12:49] {nemo} I've got .2 below that
[12:51] {dino} i think its in
[12:51] {dino} sm l .75
[12:52] {nemo} .29 below that, sorry
[12:52] {Threei}  wow
[12:52] {dino} below that is gap worry 74.70s
[12:52] {Threei}  here comes nugget of wisdom from the mouth of the
[12:52] {nemo} what wow?
[12:52] {Threei}  Fannie Mae Fannie Mae analyst: 2010 should be the bottom of housing market, Q4 home sales will be subdued due to foreclosure issue
[12:52] {Threei}  - Homes sales forecast -8% in 2010, then +3% in 2011.
[12:53] {Threei}  ASTM Halted: news pending (4.42, +0.22, 5.24%)
[12:53] {Threei}  this ought to be i\nteresting
[12:53] {nemo} rimm db
[12:53] {Threei}  thing ran like crazy for a few weeks
[12:54] {Threei}  we also have three stooges preparing to speak
[12:54] {Threei}  Three Fed speakers scheduled this afternoon
[12:54] {Threei}  - Fed Gov Warsh participating in a panel discussion at 13:00ET.
[12:54] {Threei}  - Minneapolis Fed Pres Kocherlakota to speak at 13:30ET.
[12:54] {Threei}  - Philadelphia Fed Pres Plosser speaks at the Cato Institute at 16:30ET.
[12:56] {dino} they're all trying to be rock stars
[12:58] {Threei}  but they are... they saved the country
[12:58] {Threei}  did the god' work
[12:58] {Threei}  well, they never told us which country, to be sure
[12:59] {Threei}  maybe they meant their houses at countryside...
[13:00] {nemo} no volume coming in yet on mtb
[13:00] {RonS} Ron Paul introd "American Traveler Dignity Act":
[13:00] {dino} theres your ,54
[13:00] {RonS} "American Travelr Dignity Act"
[13:00] {Threei}  wow ron... you found new and creative way to screw up the post
[13:01] {Threei}  I am so proud
[13:01] {RonS} ya, i'm a real innovator
[13:01] {nemo} somebody has to stand in for Les
[13:02] {nemo} oy vay
[13:02] {dino} mtb stopped again
[13:03] {nemo} .29
[13:03] {nemo} think, I'd want a db though
[13:05] {nemo} maybe it will hold the pivot support at .54
[13:06] {Threei}  good job mr paul
[13:06] {Threei}  but I must disagree on the issue of pilots
[13:06] {Threei}  it's one of those seemingly obvious things
[13:08] {Threei}  stop searching pilots, and they become a target for blackmail: take this device with you on board, or our man who holds your fa,mily hostage in your house right now executes them
[13:09] {RonS} sounds like a plotline for a Bruce Willis movie
[13:09] {Threei}  totally :)
[13:09] {RonS} Fly Hard
[13:09] {Threei}  but seriously, you can't create a known hole this
[13:10] {Threei}  like this
[13:10] {Threei}  it's an invitation to exploit
[13:10] {RonS} well, looking at that is just wrong...
[13:10] {Threei}  lol
[13:10] {Threei}  sounds like ad for Korean Air
[13:11] {Threei}  mibbit problem?
[13:21] {dino} .
[13:21] {Threei}  ESI For-profit education stocks tick higher on report that two Senators call for investigation into the Department of Education's 'gainful employment' regulations (62.15, +0.04, 0.06%) (related COCO CECO DV )
[13:26] {Threei}  (IR) Ireland Fin Min: Ireland will most likely need some sort of aid from external sources; still processing budget plans for next week
[13:26] {Threei}  - Feels Central Bank's Honahan comments Ireland may need "tens of billions' may be appropriate
[13:26] {Threei}  - Reminder: Earlier the Ireland Central Bank felt the IMF would provide aid if Ireland was in agreement, and any potential loan would be 'large' and seen in the range of 'tens of billion of euros'; Loan would be made available and drawn upon as necessary
[13:26] {jfjf64} back   miss anything
[13:26] {Threei}  no, not by me
[13:30] {jfjf64} i  say  spyy  in  range
[13:31] {Threei}  aww Les
[13:31] {nemo} ahhh the punching is here
[13:31] {Threei}  (IR) EU's Van Rompuy: Ireland's situation is serious; have taken Euro area's economies are sound
[13:32] {davd} in mtb .7 small
[13:32] {jfjf64} mtb
[13:34] {Threei}  Les, missed 3:3
[13:34] {Les} was hunting on my own this morn. shorted BJ for +.24
[13:34] {Threei}  and the nicest thing larisa ever said to me
[13:34] {jfjf64} ??
[13:35] {Les} alright, lets here this nicest thing
[13:35] {Les} hear
[13:35] {Threei}  [11:45] {larisa} "A TAOIST TRADER" is very smart and very original idea too.
[13:35] {Threei}  [11:47] {larisa} I am in the middle, it is incredible actually.
[13:35] {Les} cool. will pick up a copy shortly myself
[13:36] {jfjf64} very smart idea
[13:36] {Les} started seeking reversal setups this morn.
[13:36] {jfjf64} why
[13:36] {Les} using daily charts jf
[13:36] {Les} its what I like trading
[13:37] {jfjf64} daily
[13:37] {Les} reversal signals yeh
[13:37] {jfjf64} do you use same  set ups  we  hunt  4
[13:37] {Les} in principle
[13:37] {Les} that's what I came to vad for
[13:38] {Les} but looking to clear a trade within 1st hour and then move onto evening stuff
[13:38] {Threei}  and I thought it was for my looks...
[13:38] {Les} huh
[13:38] {Les} that too
[13:38] {Threei}  whew,... thank you
[13:38] {jfjf64} was waitig  3i
[13:39] {Threei}  that was actually what we did today Les
[13:39] {Threei}  3 trades early,
[13:39] {Threei}  then stall
[13:39] {Threei}  wait for catch of the day, total beauty
[13:39] {ese} zzzzzzzzzzzz still long fitb
[13:39] {jfjf64} your  EDGE   isyour   EDGE     les
[13:40] {jfjf64} ton of  ways  to  skin  the   cat  
[13:40] {Threei}  Les in no edgeless no more
[13:40] {Les} yeh wanna flesh out a style of my own
[13:40] {Threei}  (I knew there had to be something in that "edge les")
[13:41] {Les} actually recognised BJ as salmon
[13:41] {Les} the training starting to rub off
[13:41] {Threei}  great to heare
[13:41] {Threei}  hear too
[13:41] {jfjf64} lol
[13:41] {Threei}  hey come on
[13:41] {Threei}  this was good: {Threei} Les in no edgeless no more
[13:41] {dino} gj les
[13:42] {Les} finished dinner and saw stalling market so come to hang out with you lot
[13:42] {nemo} not bad vad
[13:42] {Threei}  ty
[13:42] {jfjf64} oh   thanks
[13:42] {Threei}  oh Les,, and one more
[13:42] {nemo} he's not useless anymore
[13:42] {Threei}  read the log after hours, there is a funny stopry about course editing
[13:42] {Threei}  you'll enjoy it
[13:42] {jfjf64} what  time  3i
[13:43] {Threei}  starting 11:50
[13:43] {nemo} just do ctrl-f for the word f$&# and scroll back a bit
[13:43] {Threei}  but I misspelled it nemo
[13:43] {Threei}  lol
[13:43] {jfjf64} ahh
[13:43] {nemo} fui or fiu
[13:43] {nemo} ck
[13:43] {Threei}  yes
[13:44] {jfjf64} seems  lk i ised  lots
[13:44] {Threei}  not misspelled, hit two keys
[13:44] {nemo} which resulted in a misspelling
[13:44] {Threei}  wait, there is nothing to do I'll just repost it
[13:44] {jfjf64} about time  ya  did  somethin
[13:45] {Threei}  11:51] {Threei} normally, chapter would return from him with edits,
[13:45] {Threei}  [11:52] {Threei} and I just go through it clicking "accept change", because majority of changes was A, THE etc
[13:45] {Threei}  [11:52] {Threei} things that we ruissians just don't get since our ,anguage has no such concept at all
[13:45] {Threei}  [11:52] {Threei} so, one of them comes
[13:45] {Threei}  [11:52] {Threei} I scroll through,
[13:45] {Threei}  [11:52] {Threei} click those "accpet changes" almsot automatically
[13:45] {Threei}  [11:53] {Threei} then realize that one that I just accepted looked suspiciously strange,
[13:45] {Threei}  [11:53] {Threei} return to it
[13:45] {Threei}  [11:53] {Threei} and read:
[13:45] {Threei}  [11:53] {Threei} "what the fuick does that mean?"
[13:45] {jfjf64} keep  that  up  i  might  become  edgeless
[13:45] {davd} can you reccom a stop on mtb dino? i'm in at .71
[13:45] {Threei}  [11:53] {Threei} if I didn't return and niotice it, that would be what a reader got now, lol
[13:45] {Threei}  [11:54] {larisa} it is there, page 186
[13:45] {Threei}  [11:54] {Threei} rofl
[13:45] {Threei}  [11:54] {Threei} OK, I admit, made me look
[13:45] {Threei}  [13:44] {jfjf64} about time ya did somethin
[13:46] {Threei}  how's this for something:
06[13:46] * Threei slaps jfjf64 around a bit with a large trout
[13:46] {Threei}  ASTM news finally
[13:46] {Threei}  ASTM Presents interim Phase IIb data shing Restore-CLI trial met primary and secondary endpoints; continues to move toward a Phase III program in 2011
[13:46] {jfjf64} prefer   cash
[13:46] {Threei}  and they halted for this?
[13:48] {jfjf64} also  check mr  TAO
[13:48] {jfjf64} art  of  war
[13:48] {dino} out wsm .55, +.30
[13:48] {jfjf64} have  nothin  in  there
[13:48] {Les} what did you say yesterday? Saving investors from themselves by halting stocks....?
[13:48] {nemo} Sun Tzu applied the same principles
[13:49] {dino} davd .39
[13:49] {dino} or lod break
[13:49] {davd} thanks
[13:50] {Les} sheesh. gonna watch LOTR instead. c u's tomorrow
[13:52] {Threei}  LOTR?
[13:52] {nemo} Lord of the Rings
[13:52] {Threei}  okkkaay
[13:53] {jfjf64} not  bad  nemo
[13:53] {ese} gotta go it choir time....cya tomorrow
[13:53] {jfjf64} i  was thinkin  porn
[13:53] {Threei}  take care ese
[13:53] {ese} cya vad
[13:53] {jfjf64} ese
[13:53] {nemo} not as dumb as I look
[13:54] {ese} jf
[13:55] {dino} cya es
[14:05] {dino} mtb to flat
[14:06] {Threei}  (US) Fed's Warsh: US economy is growing and still wants to grow further; sees better chances for quality economic growth in 2011 (related EUR/USD TLT SHY )
[14:07] {davd} thanks dino, you in mtb?
[14:08] {nemo} fcx drop
[14:11] {dino} took it w/you
[14:15] {dino} used to be a pulp-type
[14:19] {jfjf64} rost  gettin  hit
[14:19] {jfjf64} lookin  bnounce
[14:23] {dino} break of .25
[14:23] {dino} ok sm l
[14:24] {jfjf64} in.43
[14:25] {jfjf64} bad  print
[14:26] {dino} out .65, +.40
[14:26] {dino} ty jf
[14:26] {jfjf64} yw
[14:26] {dino} way too soon
[14:27] {jfjf64} grrrrrrrrrrrrr
[14:27] {dino} out mtb +.09
[14:27] {davd} out mtb stopped .89
[14:27] {dino} lets see if mtb goes to lod
[14:27] {jfjf64} urbn
[14:28] {jfjf64} lets  find  entry
[14:28] {dino} bourban?
[14:29] {jfjf64} looks lower
[14:29] {dino} waiting at .25 for rost
[14:29] {jfjf64} rost
[14:31] {davd} .79 dino typo
[14:31] {jfjf64} .45 break urbn
[14:31] {jfjf64} tight  stop  here
[14:33] {jfjf64} in
[14:33] {dino} sm .51 l urbn
[14:34] {jfjf64} 1/1
[14:35] {dino} my stop is .39
[14:35] {jfjf64} k
[14:36] {jfjf64} what  happen  to .46 trigger
[14:37] {dino} mine was break .50
[14:40] {dino} jks
[14:43] {jfjf64} 1/2
[14:44] {dino} urbn to b/e
[14:44] {jfjf64} .55 4 me
[14:45] {dino} to .58
[14:45] {RonS} f lod
[14:46] {RonS} lol check intra dltr v shld
[14:47] {jfjf64} .59
[14:47] {dino} urbn to .61
[14:47] {jfjf64} 1/3
[14:48] {jfjf64} .64
[14:48] {dino} to .65
[14:48] {jfjf64} lol
[14:49] {dino} lol
[14:49] {dino} couple good finds jf
[14:50] {dino} out +.14
[14:50] {dino} jks hmmm
[14:50] {jfjf64} out
[14:52] {Threei}  35 once again was perfect short trigger for GM
[14:52] {Threei}  still unavailable though
[14:55] {jfjf64} tgt
[14:55] {jfjf64} .56
[14:58] {jfjf64} lokks lower
[14:59] {jfjf64} .50 break  short
[14:59] {jfjf64} 2  headed
[15:01] {Threei}  ASTM
[15:01] {Threei}  quite a move for a cheapie
[15:02] {Threei}  General Motors Corp Hits fresh session lows below the IPO opening price of $35.00
[15:02] {Threei}  - Note 14:33ET: Jim Cramer now calling $34/shr a 'great place to buy'
[15:03] {dino} well, that should kill it
[15:04] {davd} he likes axp too
[15:06] {dino} look at rost
[15:07] {jfjf64} omg
[15:08] {jfjf64} otta  here   see  all  tomorrow
[15:09] {nemo} me too
[15:09] {Threei}  take care jf
[15:09] {dino} cya jf, nemo
[15:16] {dino} mtb sm l .41
[15:19] {Threei}  up or down into close?
[15:19] {Threei}  my gut says, down but not dramatic
[15:21] {dino} flat
[15:22] {larisa} ok, then i say over +200 :)
[15:22] {larisa} 200+ rather :)
[15:22] {Threei}  no more bets
[15:23] {dino} 171 is my call
[15:24] {larisa} lol
[15:28] {dino} orit
[15:29] {dino} too fast
[15:30] {Threei}  what was that?
[15:31] {Threei}  (US) US House to vote to extend tax cuts in December (related TLT SHY EUR/USD )
[15:37] {Threei}  guess-who is going to comment GM IPO on TV
[15:37] {dino} jks sm l .15
[15:37] {dino} stop .99
[15:41] {Threei} Short Setup: LVS  .80 break
[15:41] {Threei}  for a quick scalp
[15:41] {Threei}  if stays under .85
[15:42] {Threei}  invalidated
[15:48] {dino} crme
[15:48] {dino} out jks .65, +.50
[15:48] {Threei}  wtg
[15:48] {dino} ty
[15:50] {Threei}  lol ASTM
[15:51] {Threei}  never in my life these things held any gains
[15:51] {Threei}  ASTM, STEM, KOOL etc
[15:52] {Threei}  GERN too
[15:52] {dino} i don't watch them
[15:52] {dino} better worlds, ya know
[15:52] {Threei}  although tis one at least used to stage decent rallies more regularly
[15:52] {Threei}  yeah
[15:52] {Threei}  it's just when they make such drastic moves they hit scanners
[15:53] {dino} just finished king's black house, tangents on the dark tower series
[15:53] {Threei}  I have it on the list
[15:53] {dino} breakers, paralell worlds, ect
[15:53] {Threei}  good?
[15:53] {dino} first 100 pages boring, then it gets going
[15:53] {Threei}  OK will start from 101
[15:53] {Threei}  ty
[15:54] {dino} lol
[15:54] {Threei}  :)
[15:56] {larisa} if it is not 171 but 170.90, dino  does not get the prize, right ?
[15:56] {dino} right
[15:56] {Threei}  I guess
[15:59] {dino} c'mon 171
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {dino} wow 171
[16:00] {larisa} you are the hero, dino
[16:00] {dino} roflol, i wish
[16:00] {larisa} bye all :)
[16:01] {dino} gn all