Session Time: Tue Dec 07 00:00:00 2010
[07:54] {davd} hi all gm
[08:10] {Threei} (EU) German Fin Min Schaeuble: : Must recognize the trade imbalances in the Euro region and strive on achieving structural reforms
[08:10] {Threei} good morning
[08:10] {nemo} debatable
[08:10] {Threei} always is
[08:20] {nemo} Wow, Ron can sling it with the best of them
[08:28] {Threei} (GR) IMF's Strauss-Kahn: Reiterates Greece will see economic growth by the end of 2011 and in 2012
[08:28] {Threei} - Greece must combat tax evasion
[08:28] {Threei} yeah, good luck with that
[08:29] {Threei} it's ;like fighting use of vodka as a currency in Russia's backwater
[08:30] {Threei} better yet:
[08:30] {Threei} - Greece must combat tax evasion and achieve political consensus.
[08:33] {Threei} XING Reports Q3 net income RMB 1.9M v RMB -130M y/y; R$54.8M v $76M y/y
[08:52] {nemo} call Dino, tell him to go back to bed
[08:59] {nemo} Ron...dcc
[09:02] {Threei} this is funny headline:
[09:02] {Threei} LULU Price Target raised to $40 from $32 at Jefferies; Reiterates Underperform rating (55.26, 0.00, 0.00%)
[09:12] {jfjf64} MORNIN
[09:13] {Threei} jf :)
[09:15] {jfjf64} wow
[09:15] {jfjf64} look C vol
[09:16] {Threei} Citigroup Inc To triple presence in China, expanding branch network to 100 locations - China Daily
[09:16] {stewy} morning all
[09:17] {Threei} stewy :)
[09:17] {Threei} also, Cramer hyped it yesterday
[09:17] {Threei} WikiLeaks founder Julian Assange to surrender to UK police after it secured European Arrest Warrant - BBC
[09:17] {Threei} - Report also stating Swiss bank PostFinance froze Assanges account alleging he provided false information regarding place of residence.
[09:17] {Threei} - NOTE: On Nov 30th interview, Assange mentioned he had leaks on Pharmaceutical, Energy, and Financial companies
[09:17] {harth} Good Morning:)
[09:18] {Threei} harth :)
[09:18] {larisa} gm :)
[09:18] {nemo} harth vader...nahhhh
[09:19] {Threei} larisa :)
[09:19] {larisa} :)
[09:19] {dino} gm all
[09:19] {dino} back in ten
[09:20] {Threei} dino :)
[09:22] {harth} good one Nemo!
[09:23] {jfjf64} wow 2 .5 mil order C
[09:28] {ese} morning
[09:29] {Threei} ese :)
[09:30] {RonS} gm everyone
[09:30] {jfjf64} RS
[09:31] {Threei} Ron :)
[09:31] {Threei} Long Setup: LVS .75 break
[09:31] {Threei} too fast?
[09:31] {nemo} yep
[09:32] {jfjf64} y
[09:32] {Threei} Long Setup: RIMM .80 break
[09:32] {Threei} stop under .70
[09:34] {Threei} no go
[09:38] {Threei} SLW
[09:38] {Threei} big dump
[09:39] {Threei} Long Setup: X .05 break
[09:39] {Threei} if holding .95
[09:40] {Threei} invalidated
[09:41] {ese} avgo dino
[09:41] {Threei} Long Setup: GLD .90
[09:41] {Threei} if holding .80
[09:42] {Threei} invalidated
[09:43] {jfjf64} cat flyin
[09:45] {Threei} wow SLW
[09:46] {Threei} Long Setup: CAT .35 break
[09:46] {Threei} stop under .15
[09:47] {Threei} 1:1
[09:47] {nemo} what's 1:1?
[09:47] {Threei} 1:2crap... that was .25
[09:47] {Threei} high at the moment
[09:47] {nemo} oh the stop? yeah .20 I said...nahhh
[09:47] {Threei} ?
[09:48] {nemo} .20 cent stop wasn't for me
[09:48] {Threei} mistype, trigger was .25 break
[09:48] {Threei} high at the moment
[09:48] {nemo} I understand
[09:49] {Threei} back in trigger
[09:49] {Threei} same setup
[09:50] {Threei} something's strange with market
[09:50] {Threei} abniormal volatility
[09:50] {Threei} even fir the open
[09:51] {nemo} up so much. it's above R3 pivot resistance...wile e. coyote moment
[09:51] {Threei} mibbit problem?
[09:52] {RonS} dunno, i needed a reset...
[09:52] {nemo} clf interesting, just not sure which way
[09:52] {Threei} (US) Preview: Nov IBD/TIPP Economic Optimism Index due out at 10:00ET
[09:52] {Threei} **Consensus expectation: 47.2e v 46.7 prior
[09:52] {Threei} no go CAT
[09:53] {Threei} these sudden long red candles are very unusual
[09:53] {nemo} think spy bounces around .58
[09:56] {dino} back, got booted
[09:56] {dino} avgo watching, 25m insider sales
[09:56] {dino} sm l gil .52
[09:58] {jfjf64} lvs break dn
[09:58] {jfjf64} ??
[09:58] {Threei} can't tell
[09:59] {Threei} normally market stabilizes within 5 min, maybe 10 after opening,
[09:59] {Threei} today it stays wild for 30 min already
[09:59] {Threei} let's wait numbers out
[09:59] {ese} L 1/2 avgo .13
[10:00] {Threei} *(US) DEC IBD/TIPP ECONOMIC OPTIMISM: 45.8 V 47.2E
[10:01] {nemo} spy test support here
[10:03] {Threei} SLW should be ready
[10:03] {jfjf64} cat d/t
[10:06] {ese} dino ...do you ever add to positions or leave as is when you go in sm
[10:06] {dino} sm l .00 slw
[10:07] {dino} don't usually add
[10:07] {dino} my issue is usually 3 or 4 on at once
[10:08] {ese} was just thinkin about adding another 1/2 to avgo if it breaks .15
[10:08] {ese} ya i get ya
[10:08] {dino} where you in avgo?, .00?
[10:10] {Threei} see how market finds no support?
[10:10] {nemo} either here or .30
[10:10] {dino} gap fill day maybe 3i
[10:11] {dino} feels like it
[10:12] {ese} .13
[10:12] {ese} should have been .00 but looked away for a minute
[10:14] {Threei} looks like another pullback without setting new low should put a floor in
[10:15] {jfjf64} ??
[10:16] {Threei} Long Setup: LVS .95
[10:17] {Threei} if stays above .85 for scalpers, .80 day traders
[10:17] {Threei} not a scalp for me
[10:17] {Threei} should be capable of 49.20 at least
[10:17] {nemo} in tck .81
[10:18] {dino} lnce, wtfc
[10:18] {Threei} scalpers 1:1
[10:18] {dino} lnce sm l .74
[10:18] {nemo} 1/2 out .95
[10:19] {Threei} day traders 1:1
[10:19] {jfjf64} ty
[10:19] {jfjf64} .09
[10:19] {jfjf64} lk aggressive entry
[10:20] {dino} out slw .40, +.40 ty vad for heads up
[10:20] {jfjf64} 49.00 was tough
[10:20] {jfjf64} nice
[10:20] {Threei} beautioful play dino
[10:20] {jfjf64} 3i
[10:20] {jfjf64} gj dino
[10:20] {Threei} missed GLD reversal
[10:20] {dino} thx
[10:20] {Threei} was looking at it for a while
[10:21] {jfjf64} comon
[10:21] {jfjf64} lol
[10:22] {ese} out avgo ..16 +.03
[10:22] {ese} goin nowhere fast
[10:27] {Threei} LVS second target hit
[10:27] {stewy} threei, would you consider CAT a salmon jbe?
[10:27] {Threei} erlier, yes
[10:27] {Threei} not now
[10:27] {stewy} thx
[10:27] {ese} onxx
[10:27] {Threei} ea\rlier
[10:27] {nemo} rimm
[10:29] {ese} no momentum anywhere
[10:30] {Threei} market breakdown or double bottom
[10:30] {Threei} can't tell
[10:30] {Threei} breakdown
[10:34] {ese} just don't have your patience dino....avgo up .14 on me the instant gratification guy
[10:35] {ese} am i still on the board
[10:35] {ese} yup
[10:35] {ese} got cut off then it popped back up again
[10:36] {dino} y
[10:36] {nemo} yes, unfortunately...I miss les
[10:36] {Threei} (US) Republicans affirm stance against continuance of Build America bond issuance
[10:36] {Threei} - Reminder: Earlier reports on the tax compromise with Obama detailed that the Republicans did not include an extension to the Build America Bond program; with the program expected to expire at the end of 2010
[10:37] {dino} skx sm l .65
[10:37] {Threei} my gut says, we have a floor
[10:37] {Threei} biunce from here
[10:38] {nemo} .30 is pivot support
[10:39] {Threei} SLW
[10:46] {Threei} this pullback is for entry, IMO
[10:46] {Threei} SLW
[10:47] {Threei} as close ro 40 as you can get
[10:47] {Threei} I would be verty surprised if market made a new low anytime soon
[10:48] {Threei} anyone caught it?
[10:48] {ese} L slw .20
[10:48] {Threei} wow
[10:49] {Threei} that's way higher than I had in mind
[10:49] {ese} a little high....but i just caught your post
[10:49] {Threei} was .06 - 0.7 at the time of the comment
[10:49] {ese} yup
[10:50] {Threei} works anyway
[10:50] {Threei} (IR) Ireland Fin Min Lenihan outlines 2011 budget plan; sees small GDP rise this year; economic activity has been stabilized
[10:50] {Threei} - Labor market also stabilized
[10:50] {Threei} ***NOTE: Irish lawmakers to begin voting in lower house (Dail) during the evening local time; reports speculate voting to begin at around 14:00ET (19:00 GMT).
[10:50] {Threei} - The initial vote today to cover excise duties and sales tax (VAT).
[10:50] {Threei} - Media reports state the second part of budget vote may occur on Thursday 9th of December, which will cover social welfare.
[10:50] {Threei} - Final vote to occur during the first quarter of next year, which is to cover general finance measures
[10:50] {ese} yup
[10:51] {ese} out slw .38 +.18 tks vad
[10:51] {Threei} :)
[10:51] {Threei} gut was right
[10:51] {ese} no sense in being greedy
[10:52] {Threei} time of the "btoom" csll is 10:38, final low is 10:38
[10:52] {Threei} call 10:37, sorry
[10:53] {ese} yup as per usual
[10:53] {Threei} another chance is coming
[10:54] {Threei} ugh, too fast
[10:55] {nemo} gmcr
[10:56] {dino} slw sm l .03
[11:00] {dino} lnce to .15
[11:00] {ese} l slw .19
[11:01] {ese} just hang in there dino ...I'll help drive slw up there for ya
[11:02] {nemo} geez gmcr
[11:02] {Threei} what's with so high entries ese...
[11:02] {ese} i keep looking else where
[11:02] {dino} ok es
[11:02] {Threei} so you missed it
[11:03] {jfjf64} cat short
[11:03] {ese} i'm in 1/2
[11:03] {Threei} why chanse this high
[11:03] {jfjf64} imo
[11:03] {Threei} dino grabs .03, I applaud
[11:03] {Threei} you enter 16 cents higher, I am scared
[11:03] {Threei} maybe I am easily scared, who knows :)
[11:04] {Threei} but everything inside me protests such entries
[11:04] {ese} disciplined by the teacher.....embarased sobs ...on this end......abject rejection
[11:04] {nemo} methinks thou protesteth too much
[11:04] {Threei} lol
[11:04] {ese} will not not be able to face tomorrow
[11:05] {jfjf64} die cat
[11:05] {ese} supreme embarasement in front of the rest of the board
[11:05] {nemo} nice jf, go after something with 9 lives
[11:05] {larisa} lol
[11:06] {dino} for shame
[11:06] {jfjf64} risk 4 cents
[11:06] {jfjf64} .96
[11:06] {jfjf64} short
[11:06] {nemo} just bustin'
[11:06] {jfjf64} pls im not the new LES
[11:07] {nemo} I'll spread it around
[11:07] {nemo} He was my Randy Moss
[11:07] {ese} L slw 1/2 .01
[11:11] {jfjf64} somethi gotta give cat
[11:12] {jfjf64} billion shares C
[11:13] {jfjf64} HASNT MOVED
[11:16] {ese} out slw .22 +.10
[11:16] {Threei} whew
[11:16] {Threei} finally I can exhale
[11:17] {ese} lol
[11:18] {ese} 1/2 at .19 1/2 at .01....nothing to worry about chief
[11:18] {jfjf64} pull bk mkt
[11:20] {Threei} easy for you to say ese... but I am so worried about leader of opposition resigning right after the leader of ruling party
[11:20] {Threei} we are so leaderless these days
[11:21] {Threei} I even looked out the window this mornioong to make sure sun rises
[11:21] {ese} did Carol resign?
[11:21] {Threei} yes
[11:22] {ese} oh my goodness....shes a friend of mine.....my kids played alot of her functions
[11:22] {Threei} BC, the weirdest place opn earth {G}
[11:22] {nemo} and you live there
[11:22] {Threei} fitting, don'tcha think
[11:22] {ese} always has been when it comes to politics
[11:22] {ese} theres the rest of Canada....and then theres BC
[11:22] {Threei} for non-rwesidents, little detail, so you see the irony
[11:23] {jfjf64} die cat
[11:23] {jfjf64} 30 cents nemo
[11:23] {Threei} ruling party, right-ish wing, came to power in 2001 obliterating the opponenet, diminishing them to 2 seats in parlament
[11:23] {Threei} won 3 elections in a row,
[11:24] {Threei} then made huge mistake introducing new VAT-style tax
[11:24] {Threei} and botching the intrioductuion badly
[11:24] {dino} gj jf
[11:24] {jfjf64} diff type trade 4 me
[11:24] {Threei} their polls dropped below the baseboard,
[11:24] {Threei} opposition soared,
[11:24] {Threei} leader of the ruling party resigned
[11:25] {jfjf64} die
[11:25] {Threei} You'd think great times for opposition, right?
[11:25] {dino} lnce to .24
[11:25] {ese} thats what i thought
[11:25] {Threei} uhhu... infighting starfts, and fraction fights make leader of opposition resign too, just on the verge on winning next election
[11:25] {ese} i know stupid
[11:26] {Threei} selling hits again
[11:26] {Threei} very nice tyrade jf
[11:26] {Threei} trade too
[11:26] {dino} out lnce +.50
[11:26] {Threei} wtg
[11:27] {dino} thx
[11:27] {dino} bonds crushed
[11:28] {jfjf64} out.57
[11:29] {jfjf64} 39 cents
[11:29] {dino} gj
[11:29] {jfjf64} ty
[11:31] {ese} L slw .29
[11:33] {ese} dino your slw positions gotta be lookin really good right now
[11:34] {ese} i do believe it's gonna take off
[11:34] {ese} if it gets past .40
[11:34] {dino} so far
[11:34] {ese} nice one
[11:35] {dino} thx
[11:42] {nemo} x db
[11:44] {dino} ltd sm l .75
[11:51] {ese} as in the ford LTD
[11:51] {dino} lol, had one in college
[11:52] {ese} my grampa had one
[12:00] {nemo} X at yesterday high
[12:08] {Threei} Short Setup: SLW 40 break
[12:09] {jfjf64} slw
[12:09] {Threei} most likely just a scalp
[12:10] {Threei} out
[12:10] {Threei} .93
[12:10] {jfjf64} .94
[12:10] {Threei} held better than I expected
[12:11] {Threei} not even sure about 1;1
[12:11] {Threei} slightest market bounce can catapult it back up
[12:11] {Threei} 1:1
[12:12] {stewy} thx, threei. rewards when
[12:12] {stewy} paying attention
[12:12] {Threei} yeah, I too regret when I ignore myself
[12:13] {jfjf64} very rarly see ya do that
[12:13] {jfjf64} slw
[12:13] {Threei} Long Setup: GLD .55
[12:13] {jfjf64} not ya 1/1
[12:13] {Threei} if stays above .45
[12:14] {Threei} true.. but things are somewhat unusual today, and I want to respect abnormal volatility
[12:14] {Threei} 1:1 GLD
[12:17] {dino} slv lod
[12:18] {Threei} wow
[12:18] {nemo} what wow?
[12:18] {Threei} watching GLD??
[12:19] {jfjf64} nemo sleepim
[12:19] {larisa} no, he watches X :)
[12:19] {nemo} x .55 bid
[12:19] {jfjf64} lol
[12:19] {Threei} Bank of America Corp Reportedly BoA agrees to pay $36M to settle improper bidding procedures charges with SEC; other payments will total $101M
[12:19] {Threei} - To settle the SEC's charges, BAS has agreed to pay more than $36 million in disgorgement and interest. In addition, BAS and its affiliates have agreed to pay another $101 million to other
[12:21] {stewy} usd marches higher
[12:21] {nemo} actually hungover
[12:21] {nemo} Monday night football
[12:22] {stewy} try four loko?
[12:22] {jfjf64} brady/bill some match
[12:22] {nemo} yeah...pure excellence
[12:23] {ese} it's choir time....stopped out of slw .99
[12:24] {ese} cya tomorrow
[12:24] {dino} cya
[12:24] {stewy} take care, ese
[12:24] {jfjf64} cya ese
[12:24] {ese} stew jf
[12:27] {nemo} onxx bull flag
[12:28] {nemo} gmcr wedge
[12:33] {Threei} (US) Moody's comments on Bush tax cut extension; feels there is a risk the tax cuts may be permanently extended after the 2 year time frame given political timing
[12:33] {Threei} - Moody's notes there is little chance that the US ratings will be adjusted within 18 months to 2 years time
[12:35] {dino} we can only hope for permanent
[12:36] {jfjf64} d/b lvs
[12:36] {jfjf64} ??
[12:37] {Threei} nah
[12:39] {jfjf64} weak
[12:52] {nemo} how's the coma vad?
[12:53] {Threei} enjoyable
[12:56] {dino} gfre
[12:56] {dino} sm l .25
[13:32] {dino} .
[13:32] {nemo} =
[13:33] {RonS} O tv at 2:20 est
[13:33] {Threei} yup
[13:33] {Threei} tax deal
[13:35] {Threei} LVS no bottom
[13:57] {Threei} watchng LVS for 48 break short
[14:03] {Threei} EU) ECB's Constancio: USD cannot be substituted in the medium term, IMF's SDR is not a substantive option
[14:03] {Threei} - Notes that inflation fighting alone cannot deal with bubbles
[14:16] {dino} that slw trades like pulp
[14:16] {nemo} fresh squeezed
[14:16] {dino} yes
[14:40] {Threei} (US) President Obama: A long political fight over tax cuts would have been bad for the economy, still opposed to high end tax cuts and promises to end them in two years
[14:40] {Threei} - Tax deal targeted at helping unemployment rate by helping to stimulate the economy.
[14:40] {nemo} he's out in two years
[14:41] {Threei} - Declines to speculate on employment boost from tax deal, asserts only that it would "help the economy create jobs."
[14:41] {Threei} unless sarah wins primaries
[14:42] {dino} finally he admits tax cuts help create jobs
[14:43] {dino} extending unemployment from 99 weeks to 155 weeks, wow 3 years. under obamination his re-election slogan will be "re-elect me, you will never have to work again"
[15:00] {Threei} what the?
[15:01] {nemo} What Obama say now?
[15:01] {Threei} *(US) OCT CONSUMER CREDIT: +$3.4B V -$1.0BE
[15:02] {nemo} so, why does that make the market hiccup?
[15:02] {dino} stopped skx +.04
[15:02] {Threei} no idea
[15:02] {Threei} Prior revised lower to $1.2B from +$2.1B
[15:02] {Threei} - Total consumer credit annual rate +1.7%
[15:02] {Threei} - Revolving credit -$xB (25th straight decline; longest decline on record); -8.4% annual rate
[15:02] {Threei} - Non Revolving credit +$xxB; +6.8% annual rate.
[15:04] {Threei} I don't see anything anywhere to justify this sudden selloff
[15:04] {Threei} whole day is very weird like this
[15:05] {Threei} US Govt reportedly issues additional subpoenas in the insider trading investigation
[15:08] {Threei} feels like another bout of selling is coming
[15:19] {Threei} dino... you may be proven right about gap fill today if market keeps sekllinglike this
[15:19] {Threei} that will be quite something, re close such gap same day
[15:22] {dino} msb
[15:22] {dino} getting close on gap
[15:22] {dino} msb gap fill lastbweek
[15:23] {dino} sm l .85 wide gappy
[15:24] {Threei} selloff continues
[15:28] {Threei} Short Setup: SLW .50 break
[15:29] {Threei} invalidated for now
[15:31] {Threei} Short Setup: SLW .60 break
[15:31] {Threei} same idea, just looking for entry into bounce
[15:32] {dino} gut says up
[15:32] {Threei} mine doesn't
[15:32] {dino} typical w/you/me
[15:32] {Threei} mine says yours was right when called for gap fill
[15:44] {dino} rdwr hit
[15:44] {dino} news?
[15:44] {Threei} no
[15:44] {Threei} not yet anyway
[15:46] {Threei} market's puking again
[15:46] {Threei} just 12 points till red
[15:47] {Threei} come on DOW
[15:49] {Threei} good boy
[15:49] {Threei} 4
[15:49] {Threei} 1.5
[15:50] {Threei} 1
[15:50] {dino} s/p, ndx filled
[15:50] {Threei} amazing
[15:50] {dino} last hours been strange lately
[15:51] {Threei} wholeday today was vert strage
[15:51] {davd} i'm never amazed anymore.
[15:51] {Threei} strange
[15:51] {dino} good way to be
[15:52] {davd} saying the drop because of subpoenas. news + movement = reason!
[15:53] {dino} yeah, right
[15:53] {dino} talking heads
[15:53] {Threei} lol
[15:54] {Threei} useless too
[15:54] {dino} pretty much
[15:54] {dino} how about it dropped because it's snowing in pa
[15:54] {stewy} here's one:
[15:55] {stewy} it dropped cuz i started daytrading
[15:55] {dino} roflol
[15:55] {Threei} red!
[15:55] {Threei} my gut was right about your gut, dino
[15:55] {dino} y
[15:55] {Threei} even though your gut hedged its bet {G}
[15:55] {dino} rdwr
[15:56] {Threei} stewy... it's actually much easier to trade if market stops this neverending grind-up
[15:59] {stewy} easier to trade sounds too good to be true~
[15:59] {dino} out gil, +.15
[15:59] {davd} see, look at dino - an easy .15
[16:00] {dino} out gfre flat
[16:00] {Threei} thank you all
[16:00] {harth} cya Wed!
[16:00] {Threei} have a great evening, see you tomorrow which prmises to be an interesting day
[16:00] {stewy} thanks, all.
[16:00] {dino} unfortunately that was an all day .15
[16:01] {dino} hmmm, have to deal w/msb afterhours
[16:02] {larisa} bye!
[16:02] {dino} gn all
