Tuesday, December 28, 2010

Dec 28 2010

Thin holiday trading created an environment where classic setups had to be tweaked somewhat, which we did over last week or so. Today though we've got one "textbook type," so I am glad to present it as a sign of normalcy - "whatever your normal is," to quote a Tylenol ad. Shorting this kind of breakdowns is our "normal," and known as DBI setup. Annotations explain everything.

Session Time: Tue Dec 28 00:00:01 2010
[08:39] {jfjf64} mornin
[08:40] {Threei}  hey jf
[08:41] {jfjf64} lookin aig
[08:41] {jfjf64} were you able to find entry on selloff yest afternoon  late
[08:43] {Threei}  a few, but I can't remember exactly
[08:43] {Threei}  short I remember
[08:43] {jfjf64} it is early to remember
[08:43] {jfjf64} lol
[08:44] {jfjf64} lookin at that chart  you wd think  we  were up 300 points  4 day
[08:57] {Threei}  (US) Preview: Oct S&P/Case-Shiller Home Price Index due at 09:00 ET**Consensus estimates: - S&P/CS Composite-20 Y/Y: -0.2%e v +0.6% prior
[09:02] {ese} gm
[09:02] {Threei}  ese :)
[09:03] {Threei}  *(US) OCT S&P/CASE-SHILLER COMPOSITE 20 Y/Y: -0.80% V -0.2%E; HOME PRICE INDEX: 145.32 V 147.49 PRIOR
[09:11] {ese} rare earth metals might be the thing to watch today
[09:12] {ese} mcp ree
[09:14] {Threei}  Strength in gold attributed to fund manager demand on US open- Dealers noted that Commodity trading Advisors (CTA) purchased gold futures as the COMEX pit opened
[09:14] {Threei}  here is the story behind REE:
[09:14] {Threei}  (CH) China reports quotas for initial 2011 batch rare earth exports at 14.4k tons v 16.3k tons y/y- Has yet to decide fy, H1 and H2 quota for rare earth exports. - Follow up: As of 09:06 ET - Fy quota not infered by H1 quota; H2 quotas based on conditions. **Note: On Nov 16th, China's Commerce Ministry reiterated that China's export quota would be cut again in 2011. - China supplies about 95% of the world's rare earth materials, which are used in products such as certain batteries and electronics.
[09:17] {ese} I read this:December 21, 2010 9:54:34 AM PSTMolycorp Inc CEO: Continues to be very bullish on rare earth prices - CNBC interview- Says global demand at about 60K tons in 2011, while predicting China will allow only about 25K tons. "Doing everything we can" to boost MCP's 3K ton annual capacity to help meet this demand gap.  Have Market Intel? TradeTheNews.com
[09:17] {ese} about as simple as it gets.......supply and demand
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:21] {harth} Good Morning All!
[09:21] {magoo} morning
[09:21] {RonS} Hello everyone
[09:21] {Threei}  harth, magoo, ron :)
[09:22] {ese} laris harth mags ron!!!
[09:22] {RonS} et tu ese
[09:23] {ese} mags ....we have to come over and dig up your back yard.........rare earth materials are in short supply.....whats back there?
[09:27] {dino} gm all
[09:28] {dino} anybody having trouble logging into cyber/schwab?
[09:29] {Threei}  dino :)
[09:30] {magoo} cnbc was pumping V last nite , alot of option activity
[09:33] {jfjf64} no dino
[09:33] {Threei}  watchng REE for long entry
[09:33] {Threei}  and AIG
[09:34] {Threei}  AIG, on the next leg down
[09:34] {Threei}  around 60.70
[09:35] {Threei}  in
[09:35] {Threei}  out
[09:35] {Threei}  sheesh
[09:35] {Threei}  REE got away
[09:36] {Threei}  purely intuitive entry price on AIG
[09:36] {Threei}  anyone managed to grab it?
[09:36] {magoo} missed
[09:36] {Threei}  REE, dive under .20 would be a gift
[09:36] {Threei}  but it feels like ralying
[09:37] {Threei}  14 and more today
[09:38] {Threei}  AIG again
[09:39] {magoo} MCP nuts again
[09:39] {Threei}  together with REE, yeah
[09:40] {magoo} indicator kinda
[09:40] {Threei}  here comes TREE pullback, let's see if we find good entry
[09:40] {Threei}  REE
[09:40] {Threei}  under .40
[09:40] {ese} 1/2 lot?
[09:41] {nemo} aig 200 ma at .40 could bounce there
[09:41] {Threei}  yes ese
[09:41] {Threei}  ugh... held .50
[09:42] {magoo} i have AIG 200ma at 61
[09:43] {magoo} futes rotting here
[09:43] {Threei}  AIG, it's time... .40 break
[09:43] {Threei}  half lot
[09:43] {dino} open gaps filled
[09:43] {Threei}  if holding .25
[09:43] {Threei}  invalidated
[09:43] {ese} spy even
[09:43] {magoo} might lose 60 vad
[09:43] {Threei}  better yet if does
[09:43] {magoo} yup
[09:43] {jfjf64} let it settle
[09:44] {Threei}  just 10 cents shy on REE
[09:44] {Threei}  hit .46
[09:44] {Threei}  consumer confidence at 10
[09:44] {dino} msb drop
[09:45] {dino} oxps blood
[09:45] {jfjf64} aig ready
[09:46] {ese} decent news on oxps.......nothing big
[09:46] {magoo} AIG lose 60 imo
[09:47] {Threei}  I feel so too
[09:47] {magoo} not in sh tho
[09:47] {Threei}  OK REE, one more leg
[09:47] {Threei}  come to papa
[09:48] {Threei}  .41 - .59
[09:48] {Threei}  sheesh, it's so fast, almost impossible to post
[09:48] {jfjf64} gj
[09:48] {Threei}  just have to take it on faith
[09:48] {Threei}  anyone?
[09:48] {magoo} wonder why im NOT short aig, idiot i be
[09:48] {jfjf64} agree
[09:49] {magoo} :)
[09:49] {magoo} agree im an idiot? LOL
[09:49] {jfjf64} no
[09:49] {jfjf64} i sd  be  short
[09:49] {nemo} play along jf
[09:49] {nemo} magoo is being self-deprecating
[09:50] {magoo} my concern aig, was up 6 yesterday, lot a room to fall
[09:52] {magoo} u get schwab up and running dino?
[09:53] {dino} yes
[09:53] {magoo} ok good, u call chuck?
[09:53] {dino} lol
[09:54] {magoo} lev 2 AIG frantic
[09:54] {magoo} dont like that
[09:55] {RonS} eur cliff dive
[09:56] {jfjf64} v
[09:56] {jfjf64} bounce
[09:57] {Threei}  feels lower to me
[09:57] {Threei}  V that is
[09:57] {jfjf64} .75
[09:57] {magoo} RPRX doing it again
[09:59] {jfjf64} v   holdin .80
[09:59] {jfjf64} in
[09:59] {jfjf64} .92
[10:00] {ese} L tsla 1/2 .17
[10:00] {jfjf64} half out
[10:00] {jfjf64} .05
[10:00] {jfjf64} out
[10:00] {jfjf64} .13
[10:00] {jfjf64} wowwwwwwwwwww
[10:00] {Threei}  wtg
[10:01] {dino} gj, still in here
[10:01] {jfjf64} nice
[10:01] {jfjf64} where stop
[10:01] {dino} .98
[10:02] {Threei}  AIG
[10:02] {Threei}  double bottom
[10:02] {ese} Out tsla .34 +.17
[10:02] {Threei}  needs to hold .50
[10:02] {jfjf64} jf  kicks  v  in  ass  for  dino
[10:02] {dino} ty
[10:02] {Threei}  and give us clear trigger
[10:03] {dino} giddy-up
[09:59] {jfjf64} yes
[10:00] {Threei}  careful
[10:00] {jfjf64} market  hit
[10:00] {dino} hmm
[10:00] {nemo} see those offers at .50 on aig
[10:00] {Threei}  *(US) DEC CONSUMER CONFIDENCE: 52.5 V 56.4E
[10:00] {dino} ahh
[10:01] {jfjf64} bring  stop  up  dino
[10:01] {jfjf64} .12
[10:01] {jfjf64} imo
[10:02] {dino} out v ..25, +.35
[10:02] {jfjf64} gj
[10:02] {dino} ty
[10:02] {ese} manufacturing and confidence #'s don't add up.......fickle mrkt
[10:02] {Threei}  OK... AIG from under 58.80
[10:03] {Threei}  REE is back to 14
[10:03] {Threei}  will break it today
[10:06] {dino} lnn sm l .75
[10:07] {Threei}  AIG, .77 in
[10:07] {Threei}  half out .93
[10:07] {Threei}  stop under .70
[10:09] {Threei}  out 1/4 more .07
[10:09] {Threei}  out in full
[10:09] {Threei}  .17
[10:09] {jfjf64} gj
[10:09] {Threei}  anyone got it?
[10:09] {larisa} what was the entry based on ?
[10:09] {nemo} feerings
[10:09] {jfjf64} hope
[10:09] {ese} L ree 1/2 .03
[10:09] {Threei}  somehow I am nailing the prices to bounce from today intuitively, with no clear technical setups
[10:10] {Threei}  3rd case in a row
[10:11] {jfjf64} everybody  in room  says  what bout  us
[10:11] {jfjf64} lol
[10:11] {Threei}  I give you thiose prices in advance
[10:11] {nemo} welcome to the jungle
[10:11] {ese} out ree ..18 +.15
[10:12] {jfjf64} yes nemo
[10:12] {Threei}  10:02] {Threei} OK... AIG from under 58.80
[10:12] {jfjf64} jokin  3i
[10:12] {jfjf64} dont  get so  serious
[10:12] {nemo} spy pivot .49, might look for tna bounce there
[10:12] {jfjf64} cat
[10:12] {jfjf64} bounce
[10:13] {Threei}  me and serious don't even exchange postcards on Christmas
[10:13] {jfjf64} .20 break
[10:13] {jfjf64} hold .10
[10:14] {jfjf64} little mkt  help
[10:14] {jfjf64} low  vol
[10:16] {dino} lnn stopped -.35
[10:19] {jfjf64} half out
[10:19] {jfjf64} .33
[10:20] {jfjf64} stop
[10:20] {Threei}  REE feels like 15
[10:20] {jfjf64} .22
[10:20] {jfjf64} b/e
[10:21] {jfjf64} .34  out
[10:21] {jfjf64} in full
[10:23] {dino} gj
[10:23] {Threei}  nice
[10:23] {jfjf64} ty
[10:23] {jfjf64} seed
[10:23] {jfjf64} d/top
[10:23] {jfjf64} ??
[10:25] {Threei}  SEED
[10:25] {Threei}  Origin Agritech Ltd. Ticking higher following ag industry publication discussing speculation that the Chinese People's Congress in March could approve genetically modified crops in China
[10:25] {jfjf64} ty
[10:25] {Threei}  hard to tell
[10:25] {Threei}  a bit too thin
[10:25] {jfjf64} to whaccky
[10:26] {dino} kmx sm l .01
[10:26] {jfjf64} lvs   looks lower
[10:27] {ese} L swks .95
[10:29] {Threei}  REE
[10:29] {Threei}  .10 break half lot
[10:29] {Threei}  nope, too early
[10:29] {Threei}  hmmm... feels like news
[10:30] {nemo} .80
[10:30] {Threei}  this is not a nromal pullback
[10:30] {jfjf64} .93
[10:31] {Threei}  want it lower
[10:31] {ese} out swks .01 +}06
[10:31] {Threei}  something's not right
[10:32] {Threei}  even for thin holiday trading this drop was very unusual
[10:32] {nemo} dropped and bounced at vwap
[10:32] {Threei}  it goes lower IMO
[10:33] {Threei}  not touching it until 13.50 area
[10:35] {ese} your refering to REE right chief
[10:35] {Threei}  yes sir
[10:36] {ese} anything that deals with china spooks me most of the time.......there always seems to be something just not legitamate
[10:37] {Threei}  sure... whole reporting system is questionable
[10:37] {ese} yup
[10:37] {Threei}  no one knows what numbers to believe
[10:40] {magoo} any read AIG vad?
[10:41] {Threei}  no, lost feel for it
[10:41] {Threei}  in the morning it was all but signalling price levels for reversals
[10:41] {Threei}  now went dim
[10:49] {dino} itri sm l .25
[10:59] {ese} same L.27
[11:04] {nemo} anybody awake?
[11:04] {magoo} me
[11:04] {Threei}  are we ever?
[11:04] {magoo} find mre something
[11:05] {ese} i'm just going along with dino
[11:05] {dino}  slow day
[11:05] {ese} don't have to think
[11:05] {Threei}  morning rush died, it's narrow everywhere now
[11:06] {dino} tighter than a ducks' azz on water
[11:07] {ese} lol
[11:08] {Threei}  did anyone actually measure that?
[11:10] {ese} thats a "hmmmmmmmm"
[11:10] {dino} lol
[11:10] {magoo} REE interesting
[11:10] {ese} yup
[11:11] {ese} dino when are we out of itri
[11:11] {dino} .65 area
[11:12] {ese} tks
[11:12] {RonS} w/ ese's 3k it's goann smash the price...lol
[11:12] {RonS} gonna
[11:13] {ese} how the H does some sell or buy a thousand shs at .49 when they aren't to be had
[11:14] {ese} only 2 humdred this time ron
[11:17] {magoo} im looking for REE to set new high
[11:17] {ese} are you in mags
[11:17] {magoo} yes .10
[11:17] {ese} nice
[11:22] {magoo} MCP too, to .90 area
[11:22] {Threei}  (CH) Beijing City Ministers planning to increase minimum wages for workers by more than 20%; second rise this year; cites growing inflation pressure - financial press
[11:24] {magoo} REE doing it
[11:24] {RonS} REErings...
[11:26] {magoo} kickin it
[11:27] {Threei}  there is a ski resort a couple hoirs drive from us, Mt Washington... skiers pray it gets a lot of snow every year
[11:27] {Threei}  so this year their wish was overgranted so to speak
[11:27] {Threei}  4 metres of snow
[11:27] {Threei}  they can't even get to the resort, lol
[11:28] {RonS} BC Premier slaps Beijing City Ministers around with supercilious title
[11:28] {Threei}  (CH) US Trade Rep: The US is very concerned about Chinese restraints on exports of rare earth metals
[11:28] {Threei}  and what they are going to do, make them export?
[11:29] {RonS} ya well, you know if the Pentagon does not have this stuff stockpliled there should be people fired...
[11:31] {magoo} out REE
[11:31] {magoo} smacjed down
[11:31] {magoo} .61 was it as top
[11:31] {RonS} how can anyone be surprised that Communists would try to screw the world?
[11:31] {RonS} i mean fer chrissakes the Arabs have been doing it for decades...
[11:32] {jfjf64} lvs
[11:33] {RonS} eur lost 1.31
[11:33] {Threei}  as it well should
[11:33] {jfjf64} .00 break
[11:33] {Threei}  LVS looks breakdownish
[11:33] {jfjf64} yes
[11:33] {Threei}  maybe a little consolidation
[11:33] {Threei}  to reinforce the resistance
[11:34] {Threei}  keep stop above .10 if it triggers
[11:42] {Threei}  very nice confirmation of resistance
[11:42] {Threei}  now break please
[11:50] {Threei}  (RU) Russia PM Putin: Will ease access to Russian markets through an amendment to foreign direct investment laws; forecasts foreign direct investment to reach approx $40B for this year
[11:51] {Threei}  thanks... how about guarantee that profitable foreign investors won't be robbed of their companies?
[11:51] {RonS} hehe
[11:52] {Threei}  there was a canadian entrepreneur case with curious twistcase
[11:53] {Threei}  after some too long to re-tell twists and turns, case ended up in court,
[11:53] {Threei}  russian court of course
[11:53] {Threei}  state assigned lawyers to defense, not allowing him to hire his own,
[11:54] {RonS} ...heard they keep kangaroos there...
[11:54] {Threei}  they came in, listened to the accusatikons, then said "we admit huilt and forfeit the company to the state"
[11:54] {Threei}  guilt
[11:54] {Threei}  guy went "what??"
[11:55] {Threei}  court said "Stamped"
[11:55] {RonS} lvs break
[11:55] {Threei}  case closed
[11:55] {dino}   atlas shrugged
[11:55] {Threei}  in his intreview to Canadian TV he said I am lucky to be alive and back in Canada
[11:57] {RonS} heard same from American who started nightclubs over there...only it was the Russ Mob who did the confiscating
[11:57] {Threei}  with nightclubs, sure
[11:58] {Threei}  1:1 LVS
[11:58] {RonS} ...the terror in his eyes when he told the tale led me to believe it...
[11:58] {Threei}  that's why I wear sunglasses when thell the stories of business over there
[11:59] {RonS} lvs, classic 3i...took .08 short w/ .10 break to cover...out .88 +.20 thanks
[11:59] {Threei}  :)
[11:59] {Threei}  textbook
[12:00] {Threei}  1;2
[12:01] {dino}  oxps l .72 stop .64
[12:16] {ese} out itri .53 +.26
[12:16] {magoo} AIG low
[12:16] {magoo} looks lower
[12:17] {ese} am hittin the link in an hour gotta go all .......cya tomorrow......
[12:17] {magoo} bye ese
[12:17] {RonS} wow, it's not raining?
[12:17] {Threei}  take care ese
[12:18] {Threei}  quite nice outside
[12:18] {harth} cya ese
[12:18] {ese} not here....maybe at vads which is where the course basicallly is
[12:18] {Threei}  nope
[12:18] {ese} perfect.....cya
[12:18] {RonS} hack it up, ese...
[12:19] {nemo} bid .68 oxps
[12:19] {dino} sm l msb .53 gappy
[12:20] {RonS} bid .66 oxps
[12:20] {jfjf64} ahhhhhhhhhh
[12:20] {jfjf64} jf finds  lvs
[12:21] {jfjf64} jf misses move
[12:21] {jfjf64} damnnnnnnnnnnnnn
[12:22] {RonS} so why is oxps off?
[12:24] {dino} 4.50 div
[12:26] {Threei}  you fainted jf?
[12:26] {RonS} sm l oxps .69
[12:28] {dino} stopped oxps
[12:28] {RonS} whoa
[12:31] {RonS} out .62 -.07   that's some funky volume
[12:39] {Threei}  wow
[12:39] {Threei}  REE
[12:39] {magoo} news?
[12:39] {Threei}  MCP, yes
[12:40] {Threei}  Molycorp Inc CNBC: Company says its Mountain Pass, CA mine is not ready for production and will not be ready for a few months- Calls reports that the company has begun mining as untrue - Note: in mid December the CEO commented that construction of new rare earth manufacturing facility at Mountain Pass, California will proceed on schedule, with project groundbreaking occurring on January 2, 2011. Have begun pre-stripping operations of the mine, which is preparing the way for active mining of fresh ore to commence in 2011.
[12:50] {RonS} I love pre-stripping operations...
[12:51] {dino} makes me want to buy some rick
[12:51] {RonS} lol
[12:51] {Threei}  really? I am getting too lazy for that, prefer to go right to business
[12:51] {RonS} only us sick pups know what that is...
[12:51] {dino} rick's cabaret
[12:51] {Threei}  yeah :)
[12:52] {Threei}  reminded me a breif car trip downtown Calgary once, a buddy living there and driving me around showed me offices of some companies and was amused by my ability to name stock symbols for all fo them
[12:52] {Threei}  ntural for us, weird for umm, normal people
[12:53] {Threei}  what their normal is
[12:53] {Threei}  whatever
[12:54] {dino} yeah, i do the same, bro in law looks at me like i'm clueless
[13:07] {dino} oxps rinse
[13:20] {dino} .
[13:45] {jfjf64} lvs  ??80  bbreak dn
[13:46] {Threei}  probably...
[13:47] {jfjf64} comon  3i
[13:47] {Threei}  action slowed down so much, it's hard to make anything out of things
[13:47] {jfjf64} little  more  convincing
[13:47] {Threei}  look at the T&S
[13:47] {Threei}  see this crawling pace?
[13:47] {jfjf64} y
[13:47] {Threei}  come on me whatever you want, it won't change the market speed
[13:48] {jfjf64} hey
[13:48] {jfjf64} lol
[13:48] {dino}  lol
[13:48] {jfjf64} tellya  he funny  once  and while
[13:49] {Threei}  only when sober
[13:49] {Threei}  thus, never
[13:49] {jfjf64} im  not moving  imm gonna  sit  here  and  waitt 4 kill
[13:50] {Threei}  gimmie a gun someone
[13:50] {Threei}  while he is not moving, easy target
[13:50] {jfjf64} does  anyone  have  total  vol
[13:50] {jfjf64} are we  way off
[13:50] {jfjf64} lol
[13:51] {Threei}  volume is about 40% below 3 month average
[13:51] {jfjf64} ty
[13:51] {jfjf64} thats  alot
[13:51] {Threei}  told ya
[13:52] {Threei}  Euro under 1.31 again
[14:00] {dino} itri to .65
[14:03] {dino} out slipped .62, +.37
[14:04] {jfjf64} lvs
[14:05] {jfjf64} jf pulls  trigger  back
[14:09] {jfjf64} jf  pullin  chain
[14:23] {Threei}  (US) PIMCO's Bill Gross: Muni bonds have a good risk reward ratio, though the risks have admittedly grown- Do not believe any state will default but would avoid Illinois bonds. Texas has the most attractive muni profile. - Comments that today's 5-year Treasury auction was "a stinker," reflecting the deficit difficulties that the US faces.
[14:25] {Threei}  Market Internals update at 14:00ET- NYSE volume 280M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1. - NASDAQ volume 725M shares, about 41% below its three-month average; decliners lead advancers by 1.4:1. - VIX index +1.3% at just under 18.00
[14:25] {jfjf64} think  time  4 happy hour
[14:27] {dino}  zzzzzzzzzzzzzzz
[14:29] {jfjf64} i cant complain  last 2 dayys  good
[14:32] {Threei}  true
[14:32] {RonS} i hear the 5 yr auction was really bad...
[14:32] {Threei}  it's a matter of patience and realistic expectations
[14:32] {Threei}  today's 5-year Treasury auction was "a stinker,"
[14:32] {Threei}  according to Gross
[14:32] {Threei}  judge for yourself:
[14:33] {Threei}  *(US) TREASURY'S $35B 5-YEAR NOTE AUCTION DRAWS: 2.149%; BID-TO-COVER RATIO: 2.61 V 2.65 PRIOR AND 2.77 AVG OVER THE LAST 10 AUCTIONS- Indirect bidders take 35.6% of competitive bids with 40.5% allotted at the high. - Direct bidders take 6.2%, primary dealers 58.2%. - Median 2.075%, low 1.98%.
[14:51] {dino} .
[14:51] {RonS} molycorp getting smacked
[14:52] {dino} mcp drops
[14:55] {RonS} interesting: Rare earth metals are not as rare as the name suggests. The United States once dominated global production and has a large deposit in Mountain Pass, California, at a mine owned by Molycorp (MCP:$47.40,00$-2.0400,-4.13%) . But in the 1990s, China, which also has large deposits, began flooding the market and sending prices tumbling. Between 1990 an
[14:55] {RonS} Between 1990 and 2006, the average price of rare earth metals fell about 75 percent.
[14:56] {RonS} Production at Molycorp's (MCP:$47.40,00$-2.0400,-4.13%) mine, which was once owned by a unit of the oil company Chevron Corp (CVX:$91.179,0$1.0590,1.18%) , stopped in 2002, in part because of the price collapse. The shutdown has increased the rarity of these metals, and China's export quotas have further tightened supplies, but the U.S. Geological Survey says
[14:56] {RonS} U.S. Geological Survey says global supplies are plentiful.
[14:57] {RonS} In addition to Molycorp's (MCP:$47.500000,$-1.939999,-3.92%) Mountain Pass mine in California, other mines under development outside China include: Great Western Minerals (GWMGF:$0.5000,$0.0200,4.17%) facility in Steenkampskraal, South Africa; Avalon Rare Metals' (AVL:$6.149,0$0.2990,5.11%) operation in Nechalacho, Canada; Lynas Corp's (LYSCF:$1.7500,$0.0500,
[14:57] {RonS} facility in Mount Weld, Australia; and Arafura Resources (ARAFF:$1.3000,$0.0800,6.56%) mine in Nolans, Australia .
[15:01] {Threei}  heh
[15:02] {Threei}  nothing's what it seems, eh
[15:13] {RonS} Societe Generale CEO Says Europe Needs More Unity, Not Stress Tests
[15:14] {RonS} ...he also says...hey, i like to talk my book...
[15:14] {jfjf64} whats  all this  mean
[15:14] {RonS} only The Shadow knows jf...
[15:14] {jfjf64} lol
[15:15] {Threei}  more unity?
[15:15] {Threei}  that reminds me famous Lenin's phrase
[15:15] {Threei}  to unite we need to separate first
[15:16] {RonS} ...sounds like an ex-wife to me...
[15:17] {RonS} generically speaking...
[15:18] {RonS} ...and Lenin probably meant:  let's separate you from your property so we can unite it with those of the State...
[15:19] {Threei}  lol
[15:20] {Threei}  actual meaning was: separate all the factions to see who is a real enemy and who can be briught in line, then unite with latter and shoot former
[15:21] {RonS} remind me...who was that dude the KGB hunted down and killed in Mexico?
[15:22] {nemo} wasn't kgb then...
[15:22] {RonS} starts w/ K...
[15:23] {RonS} wore glasses...
[15:23] {RonS} a true communist ideologue...
[15:23] {Threei}  Trotsky?
[15:23] {nemo} yeah
[15:24] {Threei}  K... :)
[15:24] {RonS} Lenin saw as threat....yea that's it...
[15:24] {Threei}  Stalin rather
[15:27] {Threei}  they were birds of a feather actually
[15:30] {RonS} guess he should not have said this to Stalin then:
[15:30] {RonS} The end may justify the means as long as there is something that justifies the end.
[15:31] {Threei}  I think tsalin was quite good at finding excuses to kill someone on his own
[15:32] {Threei}  and if he didn't feel like finding an excuse, he didn't bother to look for one
[15:32] {RonS} hehe...in that period he was just getting warmed up...
[15:32] {Threei}  pretty much..
[15:35] {Threei}  isn't it funny that we haven't heard a single word about GM IPO from the day of IPO?
[15:36] {Threei}  all the hoopla about smashing success
[15:36] {Threei}  came to nothing, and it's still priced well below breakeven level for the govt
[15:40] {RonS} ...the oogly details of the Case-Shiller:  http://tinyurl.com/392m8cv
[15:41] {RonS} ...during the boom Phoenix was more expensive that Denver
[15:41] {RonS} now 25% less...but it is more than Atlanta...amazing
[15:42] {RonS} and the truly insulting thing is that the only metro area showing and increase is DC...Bastards!
[15:45] {RonS} mcp lod
[15:58] {RonS} g'nite to you all...
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening
[15:58] {Threei}  see you tomorrow
[15:58] {harth} Enjoy the evening! Cya Wed morn!
[16:00] {dino}   gn all
[16:01] {dino} rnow drop