May 28 2010

Listless day as traders jockeyed for having no position over the long weekend. We stayed slightly in the red for the most of the day and then repaired it with two trades on AIG, short and long, going back in black.

Session Time: Fri May 28 00:00:01 2010

[08:09] {magoo} morning

[08:30] {Threei} US) APR PERSONAL INCOME: 0.4% V 0.4%E; PERSONAL SPENDING: 0.0% V 0.3%E

[08:30] {Threei} *(US) APR PCE CORE M/M: 0.1% V 0.1%E; Y/Y: 1.2% V 1.1%E; PCE DEFLATOR Y/Y: 2.0% V 1.9%E

[08:45] {dptl} morning

[08:45] {Threei} dp :)

[08:57] {ese} morning

[08:58] {Threei} ese :)

[08:58] {ese} morning vad.....had a show yesterday outside in the Rose garden at the Empress....forgot to say bye

[08:59] {ese} bloody cold

[08:59] {Threei} global warming, ya know...

[08:59] {ese} but we lucked out.....no rain ....couldn't believe they had this convention outside

[09:00] {ese} Crane Rentals.......heavy duty equipment....nice bunch of people,,,,,maybe i should buy there stock

[09:02] {dino} gm all

[09:03] {Threei} dino :)

[09:03] {ese} dino

[09:04] {larisa} gm :)

[09:04] {nemo} lari :)

[09:04] {larisa} nemo :)

[09:05] {Threei} larisa :)

[09:05] {larisa} and vad :)

[09:05] {nemo} no, it's not_vad

[09:05] {Threei} it is?

[09:06] {nemo} strider's joke

[09:06] {nemo} Oh, we can talk about him, he won't be here for weeks

[09:08] {ese} whats ST up too....holiday

[09:18] {lasertrev} gm

[09:19] {Les} afternoon

[09:19] {Threei} trev, les :)

[09:20] {shorty} morning all

[09:20] {Threei} shorty :)

[09:20] {Threei} hey guys

[09:20] {Threei} hold on to your copies of MPP

[09:21] {Threei} turns out, it's already a classic, and chinese bookm publisher asks for the rights in chinese

[09:23] {Les} uh oh. can see vad leaving us for throngs of adoring traders on a year long book tour

[09:24] {larisa} 5 years at least, to shake hands with billion of people :)

[09:24] {larisa} next step india

[09:24] {Les} better learn to start drinking rice vinegar wine and Qingtao beer

[09:25] {ese} congratulations vad!

[09:25] {Threei} ty

[09:25] {Threei} still waiting for it to be translated to swahili though...

[09:25] {ese} my copy ain't goin nowhere

[09:26] {Les} well China is the future. you don't want to set up office in Shanghai?

[09:27] {shorty} Cool Threei. That awesome, and I have two copies.

[09:27] {Threei} bot none of them is ion Chinese!

[09:27] {jfjf64} mornin

[09:28] {nemo} rig dropping, bp likely not far behind

[09:28] {shorty} I will buy one in Chinese.

[09:28] {Threei} jf :)

[09:28] {Threei} I have TTR in both chionese kanguages shorty

[09:29] {Threei} sometimes I like to open them and nod with this wise face expression, looking at the hieroglyphs

[09:29] {Threei} "yes, yes, this is exactly what I meant to say"

[09:29] {dino} bsci, djsp

[09:30] {shorty} lol...I learned that when working in an office. If you stare at a piece of paper, people think you are actually working.

[09:30] {nemo} wow

[09:30] {Threei} watching FAZ for entry

[09:31] {Threei} want pullback

[09:32] {Threei} not a chance

[09:33] {magoo} RIG crushed

[09:33] {Les} MON rocketing

[09:33] {nemo} fas bounce either here or around .95

[09:33] {Threei} Long Setup: WFC .40 break

[09:34] {dino} djsp sm l .20

[09:34] {Threei} stop under .30

[09:34] {dino} stop lod

[09:34] {nemo} bp short loss of .60?

[09:35] {nemo} in hindsight

[09:35] {Threei} yeah

[09:35] {dino} bcsi sm l .15

[09:35] {Threei} no go WFC

[09:35] {dino} stop lod

[09:36] {Threei} BP bounce time

[09:36] {Threei} let's do half lot

[09:37] {Threei} .45

[09:37] {Threei} .35 stop

[09:37] {Threei} 1:1

[09:37] {Les} done ty

[09:38] {Threei} should do a pullback and seond bounce,

[09:38] {Threei} hopefully we can catch it around .45 again

[09:38] {nemo} fas .95 is pivot

[09:39] {dino} out djsp .65, +.45

[09:39] {Threei} no pullback

[09:39] {Threei} 1:2 instead

[09:39] {Les} nice

[09:40] {dino} pmi 9:42

[09:40] {nemo} mortgage insurance? :)

[09:41] {dino} purchasing mgr report

[09:42] {Threei} here is pullback

[09:42] {dino} 9:45 for everyone else

[09:43] {Threei} .30 cross

[09:43] {Threei} stop under .20

[09:44] {Threei} half lot, remember

[09:44] {magoo} wjhich vad?

[09:44] {Threei} BP

[09:45] {Threei} *(US) MAY CHICAGO PURCHASING MANAGERS INDEX: 59.7 V 61.0E

[09:45] {nemo} oops

[09:46] {ese} seed going nuts again

[09:46] {ese} dangerous stock

[09:47] {Threei} stop to .24

[09:49] {Threei} 1:1

[09:49] {ese} L ovti .50

[09:49] {dino} bcsi stopped -.35

[09:49] {Les} thanks. took half at .35 as insurance all out .40

[09:49] {Threei} two more reports are coming

[09:50] {Threei} (US) Preview: May Final University of Michigan Confidence Index due out at 09:55ET

[09:50] {Threei} **consensus expectation: 73.3e v 73.3 May preliminary

[09:50] {Threei} (US) Preview: May Milwaukee NAPM due out at 10:00ET

[09:50] {Threei} **consensus expectation: 64e v 66 prior

[09:53] {ese} out ovti .83 +.33

[09:54] {Les} 25k?

[09:54] {ese} 3k

[09:54] {Les} sweet

[09:55] {Threei} wtg

[09:55] {Threei} *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 73.6 V 73.3E

[09:55] {Threei} gosd, we are confident lot, aren't we

[09:55] {dino} bcsi sm l .80

[09:55] {ese} trading smaller these days les......just too busy else where ....don't want to make many mistakes

[09:55] {dino} djsp sm l .03

[09:56] {dino} niceone es

[09:56] {magoo} .47 on bp out ty

[09:56] {magoo} 2k

[09:56] {Threei} very nice timing

[09:57] {Threei} market got smacked just after your exit

[09:59] {ese} tks dino

[09:59] {ese} ya

[09:59] {magoo} out RIG .29 + .83

[09:59] {dino} v sm l .50

[09:59] {Threei} 80% Favor Auditing the Federal Reserve

[10:00] {Threei} *(US) MAY MILWAUKEE NAPM: 65 V 64E

[10:00] {dino} i'm still looking for that 5th dentist

[10:00] {Les} ?

[10:00] {dino} 4 out of 5 recommend trident gum

[10:00] {shorty} lol

[10:01] {magoo} LVS nuts again

[10:02] {dino} out v .90, +.40

[10:04] {ese} dino you still monitoring djsp

[10:04] {Threei} LVS, pullback to about 23.90 or lower to get us interested

[10:05] {dino} in it at .03 see above

[10:06] {dino} sm l v .65

[10:06] {ese} ahhhh

[10:06] {dino} v trades like pulp

[10:07] {jfjf64} jcg pull bk

[10:07] {dino} ma, hmmm

[10:07] {Threei} SEED really decided to go for that 17 target or what

[10:08] {Threei} RIG CEO: blowout preventer passed tests - conf call

[10:09] {Les} out MA +.49 nice call dino

[10:10] {Les} aaawwwww maaaaaaan

[10:11] {dino} giddy-up

[10:11] {dino} gj

[10:11] {dino} out v .20, +.70

[10:12] {dino} opps, +.55

06[10:12] * magoo slaps dino around a bit with a large trout

06[10:12] * nemo slaps dino around a bit with a large abacus

[10:12] {shorty} wtg dino. Enjoy that long weekend.

[10:12] {dino} i deserved that

[10:12] {nemo} Quote: "Deservin' ain't got nothin' to do with it!"

[10:12] {dino} out bcsi .24. +.44

[10:13] {nemo} anybody?

[10:13] {Threei} yes

[10:13] {dino} imo, still axe murderer market

[10:13] {Threei} unforgiven

[10:13] {shorty} Clint Eastwood

[10:13] {nemo} speaking to whom?

[10:13] {Les} the sherrif

[10:13] {Les} sheriff

[10:13] {nemo} nice! what a crew

[10:13] {Les} gene hackman

[10:13] {shorty} Filmed in my area

[10:14] {nemo} that being?

[10:14] {Les} ahhh vad was quick. once he'd said unforgiven it came back to me

[10:14] {dino} no, i married an axe murderer, mike myers, "un-trusting"

[10:14] {Les} BP and RIG want up but stuck under 50 ma's

[10:19] {jfjf64} nice pullbk vvus

[10:22] {magoo} BP lows

[10:23] {dino} and down comes the axe

06[10:24] * magoo slaps lasertrev around a bit with a large trout

06[10:24] * magoo slaps lasertrev around a bit with a large trout

06[10:24] * magoo slaps lasertrev around a bit with a large trout

[10:24] {dino} watching djsp (in), bcsi, rvbd, qsii

[10:25] {lasertrev} ouch, 3x

[10:28] {shorty} Threei...LVS?

[10:29] {Threei} watching, but no clear idea yet

[10:29] {shorty} ok

[10:29] {Threei} Fri before the long weekend...

[10:29] {Threei} thinbgs often become a bit listless in such situation

[10:32] {Threei} GE) German Economy Min: The US Federal Reserve has shown activity within the currency markets as well; Central bank intervention in FX markets are not new

[10:32] {Threei} amazing... they all really believe they can do something about all this

[10:33] {dino} well, whats ironic is govt's can manipulate markets

[10:34] {dino} or at least try

[10:34] {dino} everybody else it is illegal

[10:35] {dino} ppt at its best

[10:36] {dino} ma close to lod

[10:38] {ese} catch ya later...takin the kids to school

[10:38] {shorty} cya ese

[10:39] {dino} bcsi sm l .76

[10:39] {dino} cya es

[10:40] {shorty} OVTI dino?

[10:43] {dino} upgraded ovti, 22

[10:43] {dino} also increased guid.

[10:43] {Threei} (KS) North Korea state media: any possible accidental clash with South Korea could lead to all out war at any time

[10:44] {dino} thats nice to say

[10:44] {shorty} I hate war

[10:44] {dino} he's desparate

[10:44] {Les} out rig .66 +.51

[10:44] {Threei} NLST Hearing Needham initiates with Buy rating (timing uncertain) (2.46, +0.23, 10.31%)

[10:44] {dino} which makes him dangerous

[10:45] {shorty} true dino

[10:45] {Les} dino

[10:45] {Les} how could anyone who drinks hennesy cognac be possibly dangerous?

[10:45] {Les} you seen the little saddam hussein on south park?

[10:45] {dino} yeah

[10:45] {Les} that's Kym, a pussy...

[10:45] {Les} with the bomb

[10:46] {Les} i see fortunes for BP are less favourable than that of RIG

[10:46] {Threei} SP) Caja Sur may need an injection of approx 800M; Bank of Spain considering sale of the bank within 3 months time

[10:49] {dino} out djsp -.03

[10:49] {magoo} futes dumping

[10:50] {magoo} new lows huge volume

[10:50] {Threei} watching FAZ for C&H

[10:50] {nemo} look for spy to pull back to .60

[10:50] {Threei} 110.60??

[10:51] {nemo} 109

[10:51] {nemo} .60

[10:51] {Threei} oh, you mean drop after breakdown

[10:51] {Threei} got it

[10:51] {nemo} yeah, I get the feeling it'll test the 200

[10:51] {nemo} wouldn

[10:51] {Threei} FAZ .60 break

[10:51] {nemo} t

[10:51] {nemo} be the first time I'm wrong today though

[10:52] {dptl} in faz

[10:52] {Threei} stop for scalpers under .50

[10:52] {Les} and for us normal folk?

[10:52] {Threei} .40

[10:53] {magoo} so .40 for magoo??seems wide

[10:53] {Threei} ummmm

[10:53] {dino} v is out doing ma big time today

[10:53] {Threei} ok, I can't help it:

[10:53] {Threei} in what universe does magoo belong to "normal folk"???

[10:55] {dino} "ab"normal perhaps

[10:56] {Les} q's giving spy a lift

[10:59] {dptl} stopped

[10:59] {dptl} faz

[10:59] {shorty} same

[11:01] {dino} sm l ma .65, pulp

[11:04] {Threei} can't get rhythm today

[11:07] {dino} stupid move, stopped ma -.30 after had pos. .40

[11:10] {dino} rinsed to top it off. dumb azz move of day

[11:12] {Threei} frikin FAZ

[11:13] {shorty} yup

[11:13] {Les} what's wrong with faz?

[11:14] {nemo} o.k. name this lyric

[11:14] {nemo} "You can take a taco to Catema to"

[11:14] {Threei} look at this

[11:15] {nemo} so getting close to that .60 level just rinsed first

[11:16] {dptl} nbr short?

[11:17] {Threei} probably... if stays under .10

[11:17] {dptl} ok ty

[11:19] {dptl} or long if takes .10?

[11:19] {Threei} nah

[11:19] {Les} the FAZ trade was good vad.

[11:19] {nemo} might get fas bounce here

[11:19] {Threei} for bigger stop yes

[11:19] {Les} I went with looser stops

[11:19] {Threei} 1:1

[11:20] {Les} holding 200 faz for a shot to 15

[11:20] {dino} rvbd sm l .28

[11:21] {nemo} setting up .10 range in fas

[11:21] {Les} all out faz. bounce zone for market here

[11:21] {nemo} spy .10 above pivot

[11:22] {magoo} LVS dump vad

[11:22] {magoo} retarded dump

[11:22] {magoo} oh, sorry nemo :)

[11:22] {Threei} wow

[11:22] {nemo} cute

[11:22] {nemo} nice

[11:22] {Threei} no news

[11:23] {dptl} still valid nbr

[11:24] {dptl} in

[11:26] {magoo} need it to double bottom

[11:26] {dino} djsp l .01

[11:27] {nemo} bidu vad?

[11:27] {dptl} stopped nbr

[11:28] {Threei} no sure

[11:28] {Threei} listless day

[11:28] {Threei} no follow through on normal setups

[11:28] {dptl} sucks....today....

[11:40] {dino} who unplugge the markets

[11:40] {dino} unplugged

[11:40] {Threei} and killed electric car

[11:43] {Les} grabbed ma climbing back up out .21 +.67

[11:44] {dino} gj

[11:44] {Les} daaaaaaaaaaamn

[11:46] {ese} am back for a bit

[11:50] {ese} L ovti .35

[11:52] {Les} hmm we lost mibbit?

[11:52] {nemo} wish Les was on Mibbit

[11:52] {Les} ha! not bad not bad

[11:52] {nemo} ty

[11:54] {nemo} I won't be here, but it'll be interesting if there's short covering going into the long weekend. I think it ends green

[11:55] {Les} well stop thinking

[11:55] {Les} and start drinking

[11:55] {Les} kill those brain cells

[11:55] {Les} and do us all a favour

[11:59] {larisa} not all of us, i kinda like men with brains :)

[12:01] {nemo} well, I did start drinking, it's 12:01 here

[12:01] {Threei} meaning, there is no single man on the planet you'd like...

[12:01] {Les} don't know to respond to that Larisa...

[12:01] {Les} how to

[12:02] {shorty} what's your target on DJSP dino? please and thanks

[12:03] {nemo} Larisa...you accusing me of having brains?

[12:05] {larisa} Vad said there is no such thing as man with brains. Not sure what he is drinking :)

[12:05] {Threei} it's a very good stuff larisa

[12:06] {nemo} what's "a very good stuff"?

[12:06] {Threei} kills those cells en masse

[12:06] {nemo} Well....

[12:06] {shorty} mixture of vodka and antifreeze?

[12:06] {nemo} it has been said of me....

[12:06] {nemo} When I get a pimple on my ass...

[12:07] {nemo} It's actually a brain tumor

[12:07] {Les} sweet gentle Nemo...

[12:07] {nemo} I was just about to say, "C'mon les, don't hold back."

[12:07] {nemo} Like a Swiss Clock

[12:09] {Les} going cuckoo listening to you...

[12:09] {nemo} I think, at best, I'm just reinforcing a pre-existing condition

[12:12] {Les} could be right

[12:12] {dino} shorty, .20s

[12:16] {Les} that's what I get for having no faith in MA, left at the platform

[12:17] {nemo} Well...at least you're not under it

[12:17] {ese} daaaaaa stopped ovti. 20

[12:17] {ese} -.15

[12:17] {Les} true. one day will develop discipline to follow a stock on the move. MA just bounced of the MA's and kept going

[12:18] {Les} ff

[12:18] {Les} off

[12:23] {dino} pulpers are tough to stick w/les, especially in these random markets

[12:23] {Les} ok

[12:26] {ese} L ovti .25

[12:31] {Les} Nemo dcc

[12:31] {nemo} just i

[12:31] {nemo} did

[12:35] {Threei} didn't call it, wanted to see how it shapes up: FAS .85 break at 12:20

[12:35] {Threei} sure enough, would have been stopped

[12:36] {Threei} confiming that follow through isn't there today

[12:37] {Threei} and again, no news for this selling

[12:37] {larisa} wow

[12:37] {Threei} ah, here it is

[12:37] {Threei} FITCH DOWNGRADES SPAIN

[12:38] {dino} mkt drop

[12:38] {nemo} dino woke up

[12:38] {larisa} lol

[12:38] {dino} bcsi stopped -.30

[12:38] {Les} wooow

[12:39] {Threei} that starts next round of Europe troubles

[12:39] {dino} out djsp .12

[12:39] {dino} +.12

[12:40] {magoo} shorted GS on that .05 to .71

[12:40] {shorty} I follow + .07 DJSP

[12:40] {Les} gonna be one huge bounce coming

[12:40] {nemo} Holy Excrement

[12:41] {magoo} too fast to call

[12:43] {Threei} (IT) Italian Union: Will likely strike on June 25 to protest austerity measures

[12:44] {Threei} where is that smart berlusconi to tell us again how they defeated speculators

[12:45] {ese} out otvi..10 -.15

[12:45] {dptl} have a good weekend all see ya tuesday

[12:45] {Les} ciao dp

[12:45] {dino} gaps 9974, 1796, 1067

[12:46] {shorty} bye dptl

[12:46] {ese} cya dp

[12:46] {dino} cya dp

[12:46] {Les} well they're obviously communist rabble vad, who don't want to work....

[12:46] {ese} is this drop because of the spain news?

[12:46] {magoo} mkts red 139..sigh

[12:46] {Threei} take care dp

[12:46] {nemo} 141

[12:46] {Threei} yes ese

[12:46] {Les} funny to see hammer and sickle in Italy

[12:47] {dino} qsii sm l .06

[12:47] {ese} hmmmmmmmmm

[12:47] {nemo} There was a great movie called "Il Postino" about peripherally the communist movement in Italy. Movie had one of the most beautiful women I've ever seen

[12:48] {nemo} http://www.imdb.com/name/nm0002029/

[12:49] {magoo} l lvs .35

[12:50] {magoo} just a scalp if lucky

[12:51] {dino} ups sm l .50

[12:51] {dino} djsp went up, ugh

[12:52] {shorty} darns

06[12:52] * nemo slaps shorty around a bit with a large large volume of proper swears

[12:52] {shorty} lol

[12:53] {nemo} no it's flol

[12:53] {nemo} or lofl

[12:53] {shorty} FLOL

[12:53] {nemo} NICE

[12:55] {Les} Damn V .10 break offered nice risk/reward. was yappin away with Nemo

[12:55] {nemo} yeah, my fault

[12:57] {magoo} out tough .08

[12:57] {larisa} she looks like a sister of katerine zeta jones, but catherine eyes are much softer. this one looks like she wants to kill you :)

[12:57] {nemo} yeah, but boy does she smolder.....

[13:00] {Les} qid short vad?

[13:00] {Les} .10 from .15 stop?

[13:01] {Threei} I've no idea Les

[13:01] {Threei} I don't have a read on this mess

[13:04] {Les} I'd be punished just for being seen with the photos nemo

[13:05] {nemo} sucks being you

[13:05] {nemo} on many levels

[13:06] {Les} oh thats harsh

[13:06] {nemo} What is it you say....

[13:06] {nemo} Oh, yeah....

[13:06] {nemo} Belt up you Sheila!

[13:16] {Les} normally there'd be sound of bottle breaking over woman's head at the same time

[13:16] {ese} have a great weekend all gota go

[13:16] {Les} ciao ese

[13:17] {Threei} take care ese, see you Tuesday

[13:17] {Threei} you know market is closed Monday, right?

[13:17] {ese} yup tuesday it is

[13:17] {dino} cya es

[13:17] {Les} Monday without binky? :(

[13:20] {Threei} (SP) Fitch analyst in reponse to question about why Spain was not downgraded further; notes Spains debt ratio is lower than that of the US - CNBC

[13:20] {Threei} - highlights that the new Spain Govt has an "unblemished debt service record"

[13:20] {Les} ntap .60 break?

[13:21] {Threei} with stop under .50

[13:21] {Threei} and full recognition that this kind of setups did not work today yet

[13:21] {Les} ok

[13:24] {dino} roflol, new spain govt unblemished...

[13:24] {dino} ewp spike

[13:28] {Les} new spanish govt. is socialist....

[13:28] {Les} so any difference today between socialist and conservative?

[13:29] {nemo} every government is socialist

[13:32] {dino} out qsii .56, +.50

[13:34] {Threei} SP) Spain Treasury Chief: Credit rating can still be considered 'high'

[13:34] {Threei} - Note: Fitch rates Spain at AA+ , S&P AA, and Moody's rates Spain at AAA (as of 3/16)

[13:34] {nemo} O.K...off to see the Wizard. C U Next Tuesday :)

[13:34] {Threei} Spain Treasury Chief comes out of the shed, guns blazing

[13:34] {larisa} bye nemo :)

[13:34] {lasertrev} have a good weekend nemo

[13:34] {Threei} take care nemo

[13:34] {Les} ciao nemo

[13:35] {Threei} see NTAP les?

[13:35] {Threei} anemic break, no continuation

[13:35] {Threei} when thney don't work, they don't work

[13:35] {Les} no

[13:35] {Les} not looking

[13:36] {Les} out -.05 off to dinner. Mrs b'day. c u's tuesday

[13:36] {Threei} have a good weekend

[13:36] {lasertrev} see ya Les

[13:37] {shorty} bye les

[13:39] {Threei} US) House of Representatives approves legislation to extend unemployment benefits and adjust the 'carried interest' fund manager tax code

[13:39] {Threei} -extends jobless benefits through Nov 30

[13:40] {Threei} and what do they do on Nov 30?

[13:40] {Threei} - Bill includes $48B in taxes, including mutinational businesses and fund managers

[13:40] {Threei} - Note: Senate expected to debate the legislation in June

[13:41] {Threei} hit them hard, those darn mutinational businesses and fund managers

[13:41] {Threei} make them pay for everything

[13:41] {Threei} oh wait... the harder we hit them the less jobs we have...

[13:41] {Threei} ummm

[13:41] {Threei} oh, never mind, it's ideological... hit them hard

[13:41] {Threei} (sarcasm mode off)

[13:46] {Threei} Short Setup: AIG .15 break

[13:47] {Threei} if stays under .25

[13:48] {magoo} in

[13:52] {Threei} what a torture

[13:52] {Threei} even AIG is hard to get 1o cents from

[13:53] {magoo} and mkts are bouncing

[13:53] {Threei} yeah

[13:59] {Threei} 1:1

[13:59] {Threei} finally

[13:59] {Threei} lol, one worked

[14:01] {shorty} short lvs .05

[14:05] {shorty} out .94

[14:05] {Threei} wow... two working in a row

[14:06] {shorty} I couldn't short AIG, so found what I thought looked like a similar chart pattern.

[14:06] {Threei} some nore details:

[14:06] {Threei} Bill includes $48B in taxes, including mutinational businesses and fund managers

[14:06] {Threei} - Includes $1/gallon biodiesel tax credit extension

[14:06] {Threei} - Includes delay in 21% Medicare payment cuts to doctors (costing $23B over 10 years)

[14:06] {Threei} - Bill designed to eventually subject approx 75% of the Carried interest income from fund managers at ordinary income rates

[14:06] {Threei} - Oil barrel tax raised to $0.34/bbl from $0.08/bbl

[14:13] {shorty} what do you think Threei about shorting LVS again?

[14:14] {Threei} coin toss

[14:14] {Threei} (SP) Fitch analyst Coulton: There are no plans to cut Spain in next 12 months, despite any deterioration in public finances

[14:14] {Threei} - Sees measures put in place by the Eurozone as limiting any contagion from Greece

[14:14] {Threei} - Note: Coulton is Chief of EMEA Sovereign Ratings, and wrote the earlier note downgrading Spain to AA+ from AAA.

[14:26] {shorty} l lvs .06

[14:27] {shorty} out .16

[14:28] {Threei} getting better at it eh?

[14:28] {shorty} I don't know Threei. If that makes sense.

[14:30] {shorty} I know that looking at LVS go up right doesn't bother me. It would have before.

[14:30] {shorty} right now

[14:31] {shorty} Does it look like a C/H on LVS?

[14:32] {Threei} can't tell really, not knowing what time period you are looking

[14:32] {shorty} starting at 13:35

[14:33] {shorty} It was support at 12:45 then b/d at 13:35

[14:34] {Threei} I am lost

[14:35] {Threei} what you describe has not much to do with C&H

[14:35] {shorty} ok....just support and resistance I assume

[14:43] {shorty} I didn't call, but went long .26. out .34 LVS.

[14:45] {Threei} didn't believe in .35 break AIG

[14:45] {Threei} crying bitterly

[14:45] {shorty} Oh.

[14:45] {patience} .

[14:45] {shorty} I thought LVS would hit a wall at .35-.40

[14:49] {shorty} Have a great weekend all. I will see you on Tuesday. Thanks Threei.

[14:56] {larisa} bye shorty

[15:05] {magoo} vad, lets make somre dough in last hour to show all the slackers u gotta work for it

[15:05] {magoo} :)

[15:05] {Threei} let's

[15:05] {Threei} whiuch way?

[15:06] {magoo} thats the toughie:)

[15:06] {Threei} hehe

[15:06] {larisa} up up up

[15:06] {Threei} and I hoped you'd give me that

[15:06] {Threei} there

[15:06] {Threei} UP

[15:07] {larisa} or down ?

[15:07] {Threei} okay

[15:08] {Threei} DOWN

[15:08] {larisa} or start weekend 1 hour early :)

[15:08] {Threei} no

[15:09] {larisa} i am out of options

[15:09] {Threei} what are we, pushovers?

[15:09] {Threei} goig to do whatever you say?

[15:09] {Threei} no way

[15:09] {Threei} or yes

[15:11] {Threei} I think up

[15:11] {larisa} dino knows for sure

[15:11] {Threei} AIG

[15:12] {Threei} I think it goes to .70

[15:12] {Threei} maybe .80

[15:17] {dino} up it closed here

[15:17] {Threei} I aghree

[15:17] {Threei} .70 is reched

[15:17] {Threei} reached

[15:18] {Threei} magoo... did the trade?

[15:19] {larisa} what was the trigger ? I think it will go to .70 kinda.. kinda. you know :)

[15:19] {larisa} .60 break?

[15:19] {Threei} was .50 at the moment

[15:19] {Threei} .52

[15:19] {Threei} no trigger

[15:20] {Threei} just general idea

[15:20] {Threei} but you know magoo

[15:20] {larisa} "direction trade" :)

[15:20] {Threei} he needs only mention of the symbol

[15:20] {Threei} and he is in, fully margined, house, farm and family sold

[15:21] {magoo} ouit AIG .74 ty boss

[15:21] {Threei} there

[15:21] {Threei} lol

[15:21] {Threei} welcome

[15:21] {magoo} plus UP call took fas

[15:21] {Threei} see larisa?

[15:21] {Threei} I know who I am dealing with

[15:21] {magoo} out there .82 ty boss

[15:21] {Threei} sure thing

[15:22] {magoo} thats addt'l $400 smackers

[15:23] {Threei} .80 reached

[15:32] {magoo} i keep underestimating thre range of movement FAS FAZ

[15:33] {dino} ndx green

[15:34] {dino} out ups .12, +.62

[15:36] {patience} have a good weekend guys....been a catchup week for me....will put in orders on monday :)

[15:37] {Threei} have a good one patience

[15:39] {dino} u2 patience good to see your bvack safe

[15:40] {patience} thanks dino, already booking the next trip :)

[15:42] {dino} ;)

[15:45] {Threei} those who don't want to hold long olver the weekend are struggling against those who don't want to hold short

[15:47] {Threei} longs win in their desire to get out

[15:48] {dino} hmmm, did not expect the drop]

[15:52] {Threei} even this end of the day is listless

[15:52] {Threei} just sharper lsitlessness than before

[15:57] {Threei} thank you all

[15:57] {Threei} have a good relaxing long weekend

[15:57] {Threei} see you all on Tuesday

[16:00] {dino} random moves, last hour is a day in itself

[16:00] {Threei} no kidding

[16:00] {Threei} IA) US Official: Iran nuclear swap deal with Turkey "falls short' of acceptable

[16:00] {magoo} 145 down

[16:00] {magoo} vad, rest up, the room needs ya

[16:00] {Threei} and ending with sharp sellloff

[16:01] {Threei} I will

[16:01] {Threei} long weekend is a good thing

[16:01] {Threei} getting rfecharged

[16:01] {Threei} and closest vacation time is August

[16:01] {dino} i show 6 up days in may

[16:01] {magoo} ya ya c u all tues

[16:02] {Threei} ugh

[16:02] {Threei} here is one society I am not looking forward to belong to, ever:

[16:02] {dino} gn all, have a happy memorial day

[16:02] {Threei} ULGX Announces Presentation of Clinical Data at Geriatric Urological Society

[16:03] {dino} lol

[16:03] {Threei} :)

May 27 2010

Strong day with 5 wins and two small stops. FAS, FAZ and BP were our heroes again.

Session Time: Thu May 27 00:00:00 2010

[07:56] {magoo} sedarmoc kninrom

[07:56] {strider} easy for you to say.

[08:01] {Threei} IGC Announces $35 Million Iron Ore Supply Contract With Chinese Mining & Smelting Group

[08:04] {magoo} .

[08:10] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)

[08:10] {Threei} **Consensus expectations:

[08:10] {Threei} - Initial claims are 455Ke v prior week at 471K

[08:10] {Threei} (US) Preview: Advanced Q1 GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.9%e v 0.9% Preliminary reading

[08:10] {Threei} - Core PCE Q/Q: 0.6%e v 0.6%

[08:10] {Threei} Thursday, May 27, 2010 8:10:03 AM

[08:10] {Threei} (US) Preview: Advanced Q1 GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.9%e v 0.9% Preliminary reading

[08:10] {Threei} - Core PCE Q/Q: 0.6%e v 0.6% Preliminary reading

[08:22] {KSystems} good morning

[08:23] {Threei} ks :)

[08:23] {KSystems} anyone with current YM quotes?

[08:24] {nemo} Dino

[08:24] {nemo} Dino's not gonna' be happy today

[08:28] {Les} looks like resistance around here. wonder if market going to drop into the broadening wedge sorta looks like its making

[08:28] {Les} afternoon all

[08:29] {Threei} nemo, les

[08:29] {nemo} Vadster les

[08:30] {nemo} well, it wouldn't be surprising to see a pullback on the open. How can you be an investor in this environment?

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 460K V 455KE; CONTINUING CLAIMS: 4.6M V 4.613ME

[08:30] {Threei} *(US) Q1 PRELIMINARY GDP PRICE INDEX: 1.0% V 0.9%E; CORE PCE Q/Q: 0.6% V 0.6%E

[08:31] {Threei} *(US) Q1 PRELIMINARY GDP Q/Q ANNUALIZED: 3.0% V 3.4%E; PERSONAL CONSUMPTION: 3.5% V 3.8%E

[08:33] {Threei} CYTR Bafetinib's Statistically Significant Inhibition Of Glioblastoma Multiforme Cells Demonstrates Tremendous Potential For Drug Candidate (0.94, 0.00, 0.00%)

[08:51] {Threei} CYBX Presents results for VNS Therapy for patients with chronic and recurrent treatment-resistant depression in July 2005

[08:51] {Threei} - Announced the results of a multicenter, double-blind, randomized dosing study (D-21) conducted as a condition of the FDA approval for VNS Therapy for patients with chronic and recurrent treatment-resistant depression in July 2005. This dosing study showed a consistent, sustained and clinically meaningful decrease in depression symptoms across all treatment groups as measured by multiple validated depression assessment scales

[08:53] {Threei} BP Reportedly the "Top Kill" procedure successfully blocks oil leak - unconfirmed report

[08:55] {Threei} reported by LA Times

[08:56] {Threei} article cites Coast Guard admiral, claims the flow has been blocked, yet it is not yet sealed

[08:56] {nemo} so there was a leak on the leak

[08:56] {Threei} sounds like they jumped the gun

[08:56] {nemo} Trust but verify :)

[08:56] {Threei} no real time TV reports said anything but " we will know around noon"

[08:57] {Threei} (EU) ECB's Gonzalez-Paramo: Reiterates Euro is solid, ECB has anchored inflation expectations

[08:57] {Threei} - current level of overnight deposits it showing the lacking confidence within the banking sector

[08:57] {Threei} - notes that the Euro could not survive if faced with an additional Greece type issue

[08:58] {Threei} it's a good possibility that "worked-not worked" will create a lot of drama for BP price today

[08:59] {nemo} so dramamine before trading BP

[09:00] {Threei} C... C+ at best

[09:00] {Threei} DVAX Two Phase III trials cleared to continue (1.61, 0.00, 0.00%)

[09:01] {Threei} correction - late afternoon for determining if it worked, BP says

[09:06] {Threei} BP Spokesperson: can't confirm report that "top kill" procedure was successful

[09:07] {dptl} good morning

[09:08] {ese} moning

[09:08] {nemo} moaning?

[09:08] {Threei} dp, ese :)

[09:10] {nemo} rig happy

[09:10] {strider} morning all.

[09:12] {Threei} strider :)

[09:14] {magoo} RIG better mover of two (BP)

[09:14] {Threei} in what way?

[09:15] {Threei} wider moves or more predictable?

[09:15] {magoo} better range..bigger range

[09:15] {magoo} plus stronger overall

[09:15] {Threei} well, it's thinner

[09:15] {Threei} wider spread

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:16] {larisa} :)

[09:17] {ese} you lookin at anything in particular vad or just the usual suspects

[09:17] {Threei} usual plus BP

[09:18] {Threei} that is going to be high drama today probably

[09:18] {Threei} and nemo, don't even think of repeating dramamine joke... truly lame, even with my primitive sense of humor

[09:18] {lasertrev} good morning

[09:19] {Threei} trev :)

[09:19] {Les} let's have the joke nemo

[09:19] {nemo} wasn't a joke, just a comment

[09:19] {shorty} morning, can only trade for a little bit, but hope to make it a good one.

[09:20] {Threei} shorty :)

[09:20] {nemo} Hope is a dirty word

[09:20] {Les} shorty, if you leave your kids in a cage at the zoo you won't have to repeatedly miss trading for said excursion with children

[09:21] {shorty} This one is for her school, and I wa asked to help the teachers, and said yes.

[09:21] {ese} this is my kinda guy.......good job shorty

[09:22] {shorty} lol thanks ese

[09:22] {Threei} I have whole three jokes about that but none of them is usable in anything remotely resembling decent gathering

[09:23] {nemo} that's what dcc is for

[09:23] {Threei} VLNC Receives Orders to Power New Fleet of Environmentally-Friendly Hybrid School Buses

[09:24] {Les} oh so we are decent gather are we? I'll remember that

[09:24] {Les} Or were you just refering to Lari?

[09:25] {Threei} pretty much, plus I am not sure who else out there reads the logs,

[09:25] {Threei} so I save myself editing

[09:26] {Les} Threei {--------- joke nazi

06[09:27] * Threei opens his box with various trouts, selects the one matching the occassion

[09:27] {nemo} tiger trout

[09:27] {Threei} you think?

[09:27] {nemo} imo

[09:27] {Threei} OK, 3 min to open

[09:28] {Les} tried to do a constanza trade on bp

[09:28] {jfjf64} mornin

[09:28] {Threei} jf :)

[09:28] {Les} saw it breaking 45, thought it was a trap

[09:28] {Les} but failed to get in at .06 for a long

[09:32] {shorty} NTAP momo

[09:32] {Threei} Long Setup: FAZ .15 break

[09:32] {Threei} if stays above .10

[09:33] {Threei} 1:1

[09:33] {shorty} took it...ty

[09:34] {nemo} piece of work that Ksystems

[09:34] {KSystems} :-P

[09:34] {nemo} Jung! Was machst du denn?!

06[09:34] * KSystems slaps nemo around a bit with a large Mexican Golden Trout

[09:35] {nemo} Herrn K, vielleicht hat er nicht gesehen

[09:35] {Les} cutthroat trout looks about right

[09:35] {Threei} 1:2

[09:35] {Threei} 1:3, out

[09:35] {magoo} out .28 ty

[09:35] {magoo} crap

[09:35] {Threei} 1:5

[09:35] {Threei} lol

[09:36] {magoo} frustrating

[09:36] {Threei} sheesh

[09:36] {nemo} what was the setup-bounce recross hunt?

[09:36] {Threei} I hate this attitude

[09:36] {magoo} calm down

[09:36] {Threei} getting perfect entry, safest possible, nice profit

[09:36] {Threei} yet iot's frustrating

[09:37] {magoo} im unique-greedy

[09:37] {Les} .40 is resistance for FAZ. hopefully pullback opp here

[09:37] {magoo} remember my book"the rocking horse winner"?

[09:37] {Threei} yes on setup, nemo

[09:37] {nemo} ty

[09:38] {nemo} why you think bounce there?

[09:38] {magoo} BP pulling back

[09:38] {magoo} RIG up

[09:40] {Les} jeez MON getting punished

[09:40] {nemo} said they wouldn't make numbers this year

[09:40] {Threei} Long Setup: BP .50 break hakf lot

[09:41] {Threei} 1:1

[09:41] {dptl} ah missed it

[09:41] {shorty} took 1:1 ty

[09:41] {magoo} out .70 TY vad

[09:42] {magoo} took .49

[09:42] {Threei} welcome

[09:42] {magoo} frustrating

[09:42] {magoo} HE HE

06[09:42] * nemo slaps magoo around a bit with a large cutthroat trout

[09:43] {Threei} 1:3

[09:44] {magoo} WOW V dive

[09:45] {Les} faz pullback

[09:45] {magoo} news V vad?

[09:45] {Threei} no

[09:47] {Threei} RIG Hearing JPMorgan making cautious comments (timing uncertain)

[09:50] {Les} GLD very strong

[09:53] {Les} F .70 b/d?

[09:53] {jfjf64} lvs vad

[09:54] {Threei} if market spikes, .95 break

[09:54] {Threei} I'd prefer pullback though

[09:56] {Threei} not much of a pullback

[09:57] {ese} L klic .95

[09:57] {Threei} NTAP

[09:57] {Threei} half lot

[09:57] {Threei} dive under .50, watch for recrosses

[09:57] {Threei} 10 cents ranges

[09:58] {Threei} that was too fast

[09:58] {Les} out +.11 ty

[09:59] {Threei} let it do it again but in a more stable fashion

[09:59] {Threei} good reflexes Les

[10:03] {dptl} .

[10:03] {Threei} wqhat's your point?

[10:04] {Threei} FAZ,

[10:04] {Threei} .46 - .47 is breakout

[10:04] {Threei} I'd prefer drop to .35 for entry

[10:05] {Threei} LVS broke and worked

[10:06] {Threei} Long Setup: FAZ .35 break

[10:06] {Threei} if holding .30

[10:07] {Threei} want drop under .25 and cross back now

[10:10] {Threei} Long Setup: RIMM .50 break half lot

[10:11] {Threei} stop under .40

[10:12] {ese} out klic .05 +.10 4k

[10:13] {Threei} nice

[10:13] {dptl} l .51

[10:13] {dptl} rimm

[10:13] {ese} surprised it took that without any fuss

[10:13] {Threei} BP (US) US Govt issues revised BP oil spill rate: Flow estimated at 12-25K bps

[10:14] {ese} sorry read it wrong .04 +.09 not .10

[10:14] {Threei} tsk tsk tsk

[10:15] {Threei} no go RIMM

[10:15] {dptl} stopped

[10:15] {ese} i'll try to do better next time

[10:15] {shorty} see you guys later.

[10:15] {Threei} take care shorty

[10:15] {Les} ciao

[10:20] {_josef} hey everyone

[10:20] {Threei} hi josef

[10:20] {_josef} im new here

[10:20] {_josef} what do u guys trade=

[10:20] {_josef} ?

[10:21] {magoo} hi joswef

[10:21] {Threei} ummm... stocks

[10:21] {KSystems} josef! :) welcome

[10:21] {Threei} Long Setup: FAS .35 break

[10:21] {_josef} obviously stocks

[10:21] {_josef} but pennys BB otcs?

[10:21] {Threei} no

[10:21] {_josef} or everything?

[10:22] {Threei} normal stocks - NYSE, NASDAQ, ETFs

[10:22] {_josef} oh nice i se

[10:22] {_josef} see

[10:22] {_josef} dont like pinks ?

[10:22] {Threei} low of this pullback will define stop level but under .25 will be invalidated

[10:23] {Les} sm l MON .51

[10:23] {Threei} there are over 10K normal stocks, why would we bother with that crap

[10:23] {_josef} lol. u loss money on them?

[10:24] {Threei} we do NOT trade them - how can we lose on what we do NOT trade?

[10:24] {_josef} well maybe u dont trade em because u loss something, SORRY for asking

[10:24] {ese} tivo's an interesting looking animal isn't it

[10:24] {dptl} in fas.37

[10:24] {Les} in .37

[10:25] {_josef} u guys trade options¿

[10:25] {Threei} josef, we trade stocks

[10:25] {Threei} please observe

[10:25] {Threei} one of them was called and is moving as we speak

[10:25] {strider} josef, why don't you just watch awhile.

[10:25] {Threei} 1:1

[10:25] {Les} half out fas .48

[10:25] {_josef} alright

[10:25] {Threei} see FAS?

[10:26] {_josef} yes

[10:26] {Threei} a trade executed and profited from before your very eyes

[10:26] {_josef} yes, tiny ticks everywhere

[10:28] {jfjf64} spy

[10:28] {dptl} half out

[10:29] {Threei} stop to .34 for the balance

[10:29] {Threei} should have gone for aggressive entry

[10:29] {Threei} .30 crossback with stop under .25

[10:29] {Threei} thought of it at the moment, then got distracted

[10:30] {larisa} by tiny ticks :)

[10:30] {Threei} right

[10:30] {Threei} 1:2

[10:30] {Les} sold another quarter here

[10:30] {Threei} 1/4 more out

06[10:30] * strider slaps Threei around a bit with a large bottle of deer ticks.

[10:30] {dptl} .57 more

[10:30] {Threei} stop to under .40

[10:31] {Threei} that's what I get to 4th winning call today

[10:31] {Threei} slaps with various bottled crap

[10:31] {strider} sigh

[10:32] {strider} just trying to help

[10:32] {Les} if I knew how to slap with a bottled grey goose, I would...

[10:32] {Threei} I appreciate the intention nonetheless strider

[10:32] {Les} and all out .65 ty sir

[10:32] {dptl} all out .65 ty ty

[10:32] {Threei} 1:3

[10:32] {Threei} feel free to take profit as you see fit

[10:32] {Threei} 1:4

[10:32] {Threei} welcome guys

[10:33] {strider} out GE swing +1.12

[10:33] {Threei} wtg

[10:33] {Les} keep that to yourself strider

[10:33] {Threei} lol

[10:33] {Threei} really

[10:33] {Threei} ok

[10:33] {Threei} FAZ time

[10:34] {Threei} Long Setup: FAZ .80 break

[10:34] {Threei} if stays above .75

[10:34] {Threei} invalidated

[10:34] {Threei} 5 cents recross hunt is on

[10:35] {Threei} while stops are of scalping size, do not take scalp on winning one

[10:35] {Threei} can do much better

[10:35] {Threei} over 1:1

[10:35] {Threei} 1:2, half oput

[10:36] {Threei} 1:3

[10:36] {Threei} 1/4 out

[10:37] {Threei} stop to under .80 for the last piece

[10:38] {magoo} cov .94 vad TY 2K

[10:39] {Threei} nice

[10:39] {strider} where's dino?

[10:39] {Threei} 1:4, out in full

[10:39] {jfjf64} nice nice buy momma new pair of SHOESty vad

[10:39] {Threei} welcome

[10:40] {Threei} that's 5 out of 6 today

[10:40] {Threei} can I go home?

[10:40] {Les} NO

[10:40] {jfjf64} 100 percent

[10:40] {strider} RIMM

[10:40] {jfjf64} comon les

[10:40] {dptl} no,i only got 2 out of 3

[10:40] {jfjf64} give the old guy break

[10:40] {Threei} 2 out of 3?

[10:40] {Threei} there were 6

[10:40] {Les} it's not even 9am at his place!!

[10:41] {dptl} yes missed the rest

[10:41] {Les} the man can work!

[10:41] {Threei} what, you slept through 3 more?

[10:41] {dptl} looks like

[10:41] {Threei} lol

[10:42] {Threei} anyway, action slowed down greatly

[10:42] {Threei} easy money has been made, let's be more picky from now on

[10:42] {Threei} now, what problem do you think bothers Europe the most?

[10:42] {Threei} (EU) European Commission calls for CO2 auctions to start in 2012

[10:43] {Threei} sigh

[10:43] {magoo} dino phoned in..coming 11:30

[10:43] {magoo} slakr lol

[10:43] {Threei} really

[10:44] {Threei} what's with discipline... could have hired someone to punch the clock at least

[10:44] {magoo} really what? that hes a slacker?

[10:44] {Threei} yeah

[10:44] {strider} RIMM pb

[10:44] {strider} read, vad?

[10:44] {Threei} none, leave it be

[10:45] {Threei} the way I see it:

[10:45] {Threei} 6 trades, 5 wins, 1 stop - and that stop is on RIMM

[10:45] {Threei} so, this is the least readable one of all our picks today,

[10:45] {Threei} why bother?

[10:45] {Threei} plenty of fish in the sea

[10:45] {Threei} what, I need to take revenge?

[10:45] {strider} trout?

[10:45] {Threei} trout too

[10:46] {strider} mmmmm..

[10:46] {magoo} because revenge is a dish best served cold

[10:46] {Les} MON stopped -.25

[10:47] {strider} FAZ c&h

[10:47] {Threei} that's far from noble china strider

[10:48] {Threei} ugly like my afterlife promises to be

[10:48] {strider} paper plates are fine.

[10:50] {magoo} thats why i constantly harrase u vad, to etter prepare u for next life

[10:51] {Threei} you are way too late... should have arrived into my life about 30 years ago, to keep most sins from being committed {G}

[10:52] {Threei} but I understand yoy were too busy committing your own back then

[10:52] {Les} MON rinse great

[10:52] {ese} L tlab .06

[10:52] {strider} "Lord, make me chaste, but not just yet." -St. Augustine

[10:53] {ese} daaaaaaaaaa call it .07 sheesh .06996327

[10:55] {Threei} told ya ese - that's how you pay for those "low commissions"

[10:55] {Threei} they sell your order flow

[10:56] {strider} BP

[10:56] {ese} indeed

[10:56] {magoo} joke here

[10:57] {magoo} u know what women in russia nicknamed vad??

[10:57] {Threei} gosh... I am scared to even guess

[10:57] {magoo} anyone??

[10:57] {magoo} mr. softie

[10:57] {Les} ouch

[10:57] {Les} now your playing games with the boss mags

[10:57] {Les} you're

[10:58] {Les} http://www.thefreedictionary.com/semantics

[10:58] {magoo} did u guys ever consider possibility that magoo and vad are one author?

[10:58] {strider} no

[10:58] {Les} nope

[10:59] {magoo} smarter than u look lol

[10:59] {ese} ahhhhhhhhhh the thick plottens

[11:00] {ese} or is that plot thickens/

[11:02] {_josef} NTAP

[11:03] {larisa} care to explain the joke magoo?

[11:03] {Threei} mags... be smart now and say no

[11:03] {larisa} i am russian and I am a woman, I want to know :)

[11:03] {Threei} mags... be very very smart

[11:04] {magoo} nope

[11:04] {magoo} i think russian women are prettiest in world

[11:04] {strider} GS c&h, wide as usual

[11:04] {ese} out tlab ..15 +.08

[11:05] {Threei} that's smart mags

[11:06] {strider} Well, I KNOW they are...

[11:06] {strider} {-----trumps mags

[11:06] {nemo} faz looking long here vad?

[11:06] {larisa} I know mister Softee is a slang for MSFT

[11:07] {Threei} not sure nemo

[11:07] {Les} larisa?

[11:08] {Les} see NTAP josef? it is not sure if its up or down...

[11:09] {Les} been screwed many a time playing with that

[11:09] {dptl} bbd?

[11:11] {magoo} vad, its killing me...?

[11:11] {Threei} what is?

[11:11] {_josef} ABWTQ

[11:11] {magoo} larisa

[11:11] {magoo} [11:07] {larisa} I know mister Softee is a slang for MSFT

[11:11] {ese} L sigmund freud .00

[11:12] {ese} sorry thats sigm

[11:12] {Threei} well... you are grown-up... if you want to walk into troubles, who am I to keep you...

[11:12] {magoo} i do not

[11:12] {Threei} the only thing I can propmise you:

[11:13] {magoo} OY

[11:13] {Threei} I will ask larisa to use quickly working poison in your soup... I can't promise she will listen though

[11:13] {Threei} Reportedly Democrats in Senate considering language that would soften fund manager tax proposal - unconfirmed report

[11:13] {Threei} - note: current bill would reqiure fund managers to treat 75% of carried interest as ordinary income

[11:15] {Threei} Short Setup: NTAP 38 break half lot

[11:15] {Threei} reluctant call

[11:15] {Les} I'm already short

[11:15] {Threei} as I said, easy money has been made

[11:16] {dptl} stop?

[11:16] {Threei} sorry les... you may want to try some height-gain exercises...

[11:16] {Les} hey that's pretty funny

[11:16] {Threei} so far above .15 dp

[11:16] {dptl} ty

[11:16] {Threei} it tries to establish .10 as resistance but that's a bit dicey

[11:18] {strider} +.07 BP short scalp

[11:21] {Threei} IMF's Strauss-Kahn: expects Europe to get back on track "rapidly"

[11:21] {Threei} Europe: don't wait up...

[11:22] {nemo} I hate it when I spit my coffee all over the screen

[11:22] {Les} if .02 GDP growth is rapid for him that's ok for me...

[11:22] {Les} .02%

[11:22] {Threei} nemo... you mean my joke was funny??

[11:22] {nemo} His comment made me puke

[11:22] {Threei} that would be second person today lauighing at my jokes

[11:22] {Threei} that's a record

[11:22] {nemo} don't quit your day job

[11:23] {Threei} NTAP invalidated

[11:24] {strider} you're on a roll, vad.

[11:24] {Threei} well, comparing to magoo...

[11:24] {Threei} who is scared to death to finish one joke he ventured today... {G}

[11:25] {strider} "lower expectations"

[11:25] {Threei} and rightly so, I must say

[11:25] {Threei} yup... underpromise and overdeliver

[11:26] {Les} sm l MON .92

[11:26] {strider} bp

[11:26] {strider} spike

[11:26] {Threei} Senator Lincoln: will push to keep her amendment requiring spin off of swap desks in finreg bill, but open to alternatives

[11:27] {Threei} as we approach afternoon, keep BP on your screen

[11:27] {Threei} announcement of top kill results, if comes during market hoirs, will impact price

[11:30] {strider} SPWRA

[11:30] {Threei} SPWRA Macquarie Raised SPWRA to Outperform from Neutral, price target: $15 (timing uncertain)

[11:31] {Threei} that's all it spiked on... lol

[11:31] {strider} bags! get your bags here!

[11:32] {ese} sigmund baby!!!!! do it!!!! aaahem.....you know how you can get to close to a stock sorry that was sigm

[11:33] {ese} daaaaaaaaaaaa

[11:35] {Threei} PLUG Halted: news pending (0.43, +0.07, 18.25%)

[11:35] {Threei} Announces restructuring to focus on commercial activity in material handling division

[11:36] {strider} what kind of activity have they been engaging in?

[11:37] {Threei} alt energy

[11:37] {Les} SLM vad. u got a read?

[11:38] {Threei} it was upgraded yesterday, with about double target

[11:38] {Threei} which helped rally

[11:38] {Les} ah I remember that

[11:39] {Threei} dunno... kind of 50.50

[11:39] {Threei} may continue, may fizzle out

[11:41] {nemo} fas bounce here possibly. close to 200 vwap at .35

[11:44] {Threei} dino :)

[11:44] {nemo} binky!

[11:45] {Les} EK vad

[11:45] {Les} .70 b/d?

[11:45] {Threei} nah

[11:45] {nemo} good you took the morning off dino...gap up day

[11:45] {Les} evening dino. it's already beer o'clock...

[11:47] {nemo} well, that fas bounce would have brought ya' to .01 under 1:1, then rinsed

[11:48] {Les} s txt .92 half

[11:51] {Threei} firmly set to eliminate your today's profits, aren't you

[11:52] {Les} what profits?

[11:53] {Threei} never mind...

[11:53] {Threei} why do I bother talking to people

[11:53] {Les} :P

[11:53] {Les} let me learn at my own pace vad

[11:56] {Threei} by all means

[11:56] {Threei} {--- back under my rock

[11:58] {dino} you guys/gals making any $ today?

[11:58] {magoo} vads been off

[11:58] {Threei} give me a gun

[11:59] {strider} for magoo or yourself?

[11:59] {Threei} I'll start with magoo

[11:59] {strider} after all, you missed one.

[11:59] {Threei} then think who's next

[11:59] {Les} lol got a rinse on MON. long 2nd try .92

[11:59] {Threei} actually, no

[11:59] {Threei} that'll be too quick

[12:00] {Threei} I will leave him to larisa, and will ask her for slowly and painfully acting poison

[12:00] {larisa} not my style

[12:00] {Les} ntap 38 b/d

[12:02] {Les} sm s ntap .94

[12:03] {larisa} fine, shorted NTAP at 38.50, covered by mistake at .50, did not reenter, watching it working now :)

[12:03] {Les} ooooh and you didn't share that with us....

[12:04] {larisa} no, you guys do not like russian girls.. i do no t like guys who do not like me :)

[12:04] {nemo} I love Russian women

[12:04] {Les} well I could like you a lot more if you start sharing sweet entries like that ;)

[12:05] {magoo} [11:04] {magoo} i think russian women are prettiest in world

[12:05] {Threei} and just think what is going to happen to magoo when Ilana hears this... can you spell double trouble?

[12:06] {magoo} im sh ntap btw 38.04

[12:07] {dino} ahh yes, russian women, luv 'em

[12:07] {strider} now everybody's piling on.

[12:08] {Les} dino, what's your read of MON?

[12:08] {dino} ouch

[12:08] {dino} big downgrade

[12:09] {dptl} kss?

[12:09] {Les} really? what price target?

[12:09] {dino} 55

[12:09] {dino} from 90

[12:09] {dino} lowered guidance

[12:10] {Threei} worth a try dp

[12:10] {dino} no support on charts, 3 years\

[12:10] {Les} txt stopped

[12:11] {dino} edmc?

[12:11] {dino} all ed's it seems

[12:12] {Threei} yeah, continuation of yesterday's weakness

[12:12] {strider} XLF?

[12:13] {Threei} I'd prefer FAS

[12:13] {Threei} much better mover

[12:13] {dino} negative close?

[12:13] {nemo} wow

[12:13] {larisa} no way

[12:15] {dino} happened yesterday

[12:16] {magoo} no way red close

[12:18] {ese} sigmund baby....i'm done with ya out sigm .07 +.07

[12:18] {strider} sometimes a cigar is just a cigar.

[12:19] {Les} not bad not bad. pretty funny

[12:19] {strider} old saw.

[12:19] {nemo} mmmmhhh watch for rimm break Vad?

[12:20] {Threei} nah

[12:20] {strider} vad hates rimm

[12:20] {Threei} lol

[12:20] {Threei} no

[12:20] {Threei} just don'tr view this situation as breakout play

[12:23] {magoo} cov ntap sh here .64

[12:23] {magoo} ty vad

[12:23] {magoo} +. 38ish

[12:30] {strider} KLAC dbl top

[12:30] {strider} interesting, vad?

[12:32] {Threei} not really

[12:32] {Threei} market stalled

[12:32] {Threei} nothing that happens i such a narrow range is of any significance

[12:32] {Threei} it's just a noise

[12:34] {Threei} 46% Oppose More Government Regulation of Financial System, 37% Favor

[12:36] {Threei} oh yes

[12:36] {Threei} daily dose of idocy from the Idiots Union:

[12:36] {Threei} (EU) Italian PM Berlusconi: United European action has defeated attacks on the euro by speculators

[12:37] {Les} he's a smart player vad

[12:37] {Les} Berlusconi has kept himself out of prison for years even as police keep chasing him. He plays the game well

[12:38] {Threei} am I supposed to bow in awe?

[12:38] {Les} no

[12:38] {Les} but I don't think of him as an idiot

[12:38] {Les} smart arse geriatric maybe

[12:38] {Threei} I am not evaluating his entire life, you see

[12:39] {Les} fantastic choice of women absolutely

[12:39] {Threei} I am talking about this line of comments

[12:39] {Les} yeh

[12:39] {Les} but if anyone is blowing smoke for cover it's him

[12:39] {Threei} and if you see anything but idiocy in this, I beg to differ

[12:41] {magoo} RIG pounded here

[12:41] {Threei} if he believes this, he is an idiot

[12:41] {Threei} if he knows this to be bs,

[12:41] {Threei} and tries to route anger in that venue

[12:42] {Threei} it's very nearsighted policy

[12:42] {Threei} and will backfire badlky

[12:42] {Les} I remember this guy answering questions from audience for last election

[12:43] {Les} woman asks him "what am I supposed to do about work in aweful state of italian economy"?

[12:43] {Les} Berlusconi smiles and says " you need to marry rich italian man"...

[12:43] {Threei} clap clap

[12:43] {Les} and the bozos still voted him in

[12:44] {Les} so maybe he's not smart

[12:44] {Les} just italian people been dumbed down a little...

[12:44] {Threei} you are widening the scope

[12:44] {Les} oops any italians here?

[12:44] {Threei} there are a lot of things playing in election

[12:45] {Threei} again: I am talking about this line of comments

[12:45] {Threei} it IS idiotic

[12:45] {Threei} in so many ways, it's hard to list them all

[12:45] {Threei} and they corner themselves by doing this kind of public conditioning

[12:46] {Threei} dopwn the road, either they act as economy requires

[12:46] {Threei} and get nailed for acting against their own words

[12:46] {Threei} or they follow the words

[12:46] {Threei} and worsen the state of economy

[12:46] {Threei} where is the upside?

[12:47] {Threei} they create lose-lose for themselves

[12:48] {dino} les, you hit the point, govt's everywhere are dumbing down their citizens. if they are clueless they do not question what is going on

[12:49] {Threei} some govts don't even have to do anything to dumb the citizenry down {G}

[12:49] {nemo} rimm breaking out

[12:49] {Les} importantly though

[12:49] {Les} Berlusconi owns all the media in Italy as well

[12:49] {Les} so he can tell them whatever story he wants to

[12:50] {Threei} who cares... economy goes down, it all won't matter

[12:50] {Les} well

[12:50] {Threei} look at two more examples

[12:50] {Threei} 1 US

[12:50] {Les} I'd be happy to have cheaper rentals for summer

[12:50] {Les} so yes, would be good

[12:50] {Threei} Obama cornered himself with the same line of comments,

[12:50] {Threei} now he has BOTH sides unhappy

[12:50] {Threei} right - because he tries to supress business,

[12:51] {Les} cover NTAP .61. looking for reentry

[12:51] {Threei} left p- because he doesn't go far enough in doing so

[12:51] {Threei} 2. Canada

[12:51] {Threei} prime-minister refused to punish banks and assign any blame to them,

[12:51] {Les} bp

[12:51] {Threei} insisting that givt largesse is the root of the problem

[12:52] {Les} what is he stupid?

[12:52] {Threei} and that Canada was more or less immune because govt never went as far

[12:52] {nemo} SPY approaching 200 ma

[12:52] {nemo} right about here

[12:52] {Threei} his popularity is at the high

[12:52] {Threei} Cnada is stable

[12:52] {Threei} and most importantly,

[12:52] {Threei} his future actions are win win

[12:52] {Threei} because he will a) follow his words

[12:53] {Threei} and b) do what economy requires

[12:53] {Threei} now, who is stupid?

[12:53] {Threei} and btw,

[12:53] {Threei} while canadians tend to dislike him personally

[12:54] {Threei} he is widely credited for the right handling of the economy during crisis

[12:54] {Threei} cimpare it with:

[12:54] {Threei} 12:34] {Threei} 46% Oppose More Government Regulation of Financial System, 37% Favor

[12:54] {Threei} and this is after all the banks demonizing

[12:55] {Threei} how does it shape up for Nov election?

[12:55] {dino} chaos

[12:55] {dino} guess who's on tv?

[12:55] {Les} yeh but you know America is special case, don't you think?

[12:55] {Threei} lol dino

[12:56] {Les} I've never seen such ideology in a nation except US

[12:56] {Threei} what can I say

[12:56] {_josef} SLNN

[12:56] {Threei} europian ideology manifested through economikc policies comes to a head

[12:57] {dino} america is mad, thats what i se and hear. mostly because the idiots who broke the banks, etc are still in charge

[12:57] {nemo} frickin RIMM

[12:57] {dino} no accountability

[12:58] {Les} You are right. Europe trying to appease people through generous social spending is also ideological program

[12:58] {Les} destined to fail

[12:58] {Threei} exactly

[12:58] {Les} but without 7 aircraft carriers

[12:58] {Les} and 10000 nuclear weapons :)

[12:59] {Threei} do you know why?

[12:59] {magoo} obama killing rig here

[12:59] {Threei} or you seriously believe fairy tales about peaceful europians and war-loving americans?

[13:00] {nemo} 100 years war

[13:00] {nemo} 30 years war

[13:00] {nemo} War of The Roses

[13:00] {nemo} on and on and on

[13:00] {Les} suuuuuuure

[13:00] {magoo} sh rig 61 cov .57

[13:00] {Threei} British Petroleum plc US President Obama reiterates is holding BP Plc responsible for the oil spill

[13:00] {Threei} - formally announces actions to improve regulation and safety of offshore drilling; confirms extending moratorium on new deepwater drilling permits for six months. About 37 ongoing deepwater operations will have to shut down for thourough inspections.

[13:01] {Threei} oh, and case you didn't know - he is angry and frustrated

[13:01] {dino} he's an idiot

[13:04] {Les} bp 45 b/d?

[13:05] {Threei} it's not a technical setup

[13:05] {Threei} it's being driven by this development

[13:05] {Threei} was looking breakupsih until president started talking

[13:06] {strider} bounce coming?

[13:06] {Threei} ummm

[13:06] {strider} after speech

[13:06] {Threei} you suggest to evaluate non-technical move my technical criteria?

[13:06] {strider} ???

[13:07] {larisa} my=by :)

[13:07] {Threei} right

[13:08] {magoo} \sh bp 45

[13:08] {magoo} wait .57 area

[13:09] {magoo} covered

[13:12] {strider} I don't understand what a 'technical move' is. I understand technicals as reading moves, whatever the reason. And that the reason is irrelevant from a technical point of view.

[13:13] {Threei} think of news development as interruption

[13:14] {Threei} that violatesd "normal" movement

[13:14] {Threei} normal being technical

[13:14] {Threei} if suddent news causes price shock,

[13:14] {Threei} is there any way to read that move in advance by technical methods of chart reading?

[13:15] {Les} ntap coming back down mags

[13:15] {Threei} see my point?

[13:15] {strider} not sure.

[13:16] {Threei} OK, look NTAP daily

[13:16] {strider} most big moves are news driven.

[13:16] {Threei} today's price shock is obviously news caused

[13:16] {strider} even smaller spikes can be.

[13:16] {Threei} could you read it yesterday by technical method?

[13:17] {strider} But I'm not suggesting that you read the initial move in advance. But it's just a case of capitulation is it not/

[13:17] {strider} ?

[13:17] {Threei} point is,

[13:17] {strider} It still forms a chart pattern.

[13:17] {Threei} when news is in developemnt

[13:18] {Threei} or stock is too hot right after the news

[13:18] {Threei} there are no technicals helping to read it

[13:18] {nemo} AWIAV?

[13:18] {nemo} :)

[13:18] {strider} gotcha.

[13:18] {Threei} BP is news is development

[13:18] {Threei} speech right now,

[13:18] {Threei} waiting for top kill results

[13:19] {Threei} NTAP will take a little while for the price shock to subside and normal trading to return

[13:19] {Threei} etc

[13:19] {Threei} sudden development interrupts normal process

[13:19] {Threei} in this particular case:

[13:19] {strider} I understand.

[13:20] {Threei} president starts speaking, BP drops

[13:20] {Threei} can you try and read the move by chart

[13:20] {Threei} or do you have to be careful of the next sentence leaving his lips

[13:20] {Threei} or announcement of top kill reults?

[13:21] {strider} so, to make an oversimplification, perhaps: Technicals trump news (most of the time); Big news trumps technicals.

[13:22] {Threei} I don't know if you can put it like this

[13:22] {Threei} they are interconnected

[13:22] {Threei} often it's not news itself

[13:22] {Threei} but perception

[13:23] {Threei} and how widely news was expected

[13:23] {Threei} and priced in

[13:23] {magoo} big rip RIG, was Long .20 out .73

[13:24] {strider} It seems market is tired of speech. ready to boogie.

[13:30] {magoo} ATPG

[13:30] {magoo} ATPG

[13:33] {Threei} PGNX Antitoxin antibodies demonstrated positive activity in laboratory and animal models of C. difficile-associated disease

[13:33] {Threei} e (4.99, +0.09, 1.84%)

[13:33] {Threei} - Presents Novel Monoclonal Antibodies against Clostridium difficile at the American Society for Microbiology Conference

[13:33] {Les} wow first experience with market buy screwing me

[13:33] {Les} ATPG covering +.15 or so I thought

[13:34] {Les} -.05

[13:34] {nemo} Hope you're a lit. major

[13:36] {dino} edmc sm l .00

[13:36] {magoo} fast hit it long .50 to .72

[13:36] {magoo} DANGER

[13:37] {nemo} WILL ROBINSON

[13:37] {Les} funny guy

[13:37] {nemo} have my moments

[13:38] {Threei} ATPG during such move - last stock to use market order on

[13:38] {Threei} well... second last, GOOG is still the champion

[13:38] {Les} so even if I see the price is right to cover on Level 2

[13:38] {nemo} and BIDU when it was at 700

[13:38] {Les} must use limit order

[13:38] {magoo} who the heck use a mkt order??

[13:39] {Les} me

[13:39] {magoo} recipe for sudden death imo

[13:39] {magoo} u gonna learn the HARD way

[13:39] {Les} well that is clear after covering atpg

[13:40] {dino} dino slaps les w/limit orders

[13:40] {magoo} gonna lose 11 imo

[13:40] {magoo} not in now

[13:42] {magoo} LVS knocking at door

[13:42] {magoo} lil pig slams door shut

[13:47] {strider} last question. thank you.

[13:50] {Les} http://www.telegraph.co.uk/news/worldnews/europe/france/7771505/Video-game-fanatic-hunts-down-and-stabs-rival-player-who-killed-character-online.html

[13:50] {Les} just go easy with those limit order slappings dino

[13:50] {Les} I can snap you know

[13:51] {strider} can?

[13:51] {Threei} lol

[13:51] {Threei} this is how people get on no-fly lists, les {GGG}

[13:56] {Les} RIG returning to lod. d/b play?

[13:56] {nemo} RIG DB?

[13:57] {Threei} something isn't right

[13:57] {nemo} with me, or the stock?

[13:57] {Threei} RIG can turn inverted C&H just as well

[13:57] {Threei} you is a given

[13:58] {larisa} lol

[13:58] {Threei} it's been about 23 hours since top kill started

[13:58] {Threei} 24 hours was promised as "we will know something" timeline

[13:58] {nemo} I served that one up to you on a platter, and gave you the knife and fork

[13:58] {larisa} russian websites say it worked, do they know something we do not ? :)

[13:58] {Threei} thank you for making my life easier

[13:58] {Les} so does Australia

[13:58] {Threei} none here... I don't know where they get that

[13:58] {Les} but I think that is coast guard report from early on

[13:59] {Threei} live feed shows no changes

[13:59] {nemo} rig bounced

[13:59] {Threei} but that's not really helpful

[14:00] {Les} BP weakening as well

[14:03] {dptl} pep?

[14:03] {Threei} nah

[14:03] {dptl} ok

[14:04] {Threei} Short Setup: RIG .70 break half lot

[14:04] {Threei} if stays under .85

[14:05] {Threei} invalidated

[14:07] {Les} out edmc .48 ty dino

[14:09] {Les} +.44

[14:10] {dino} gj

[14:11] {dino} out .50, +.50

[14:11] {magoo} l lvs .47

[14:14] {Les} cover rig +.40

[14:14] {Les} nooo

[14:14] {magoo} wanted a movre thru .50

[14:14] {Threei} RIG horrific death

[14:15] {magoo} like 4 points off

[14:16] {Les} slowly working out that I should be playing the news, and not any old crap I find that looks like a setup

[14:17] {Threei} define "playing the news"

[14:18] {magoo} BP turn now

[14:23] {strider} outu GS swing +3.91

[14:23] {larisa} gj

[14:23] {strider} wanted $4, but it wasn't to be.

[14:24] {magoo} LVS worked well

[14:25] {Les} wow strider, we gonna see new harley soon?

06[14:26] * strider slaps Les around a bit with a large hunk of antiquated metal.

[14:26] {dino} wtg

[14:26] {nemo} you mean the slap or the trade Dino?

[14:26] {strider} the trade or the slap?

[14:26] {strider} ha

[14:27] {nemo} too funny...need to go shoot myself

[14:30] {nemo} Dino?

[14:30] {Threei} F Reportedly planning to discontinue Mercury brand (11.92, +0.53, 4.65%)

[14:31] {Threei} anyone is going to miss it?

[14:32] {magoo} yeah..i drive a vette...a chevette :)

[14:32] {strider} All those good old names falling by the wayside.

[14:33] {strider} Pretty soon there'll just be two brands: the Republican and the Democrat.

[14:33] {nemo} that sucked

[14:33] {Threei} hmmm... Dmes is Prius... but now that Hammer is out, what is going to be reps??

[14:34] {strider} The truth is not always funny, nemo.

[14:34] {nemo} hurts

[14:34] {strider} You, for instance.

[14:34] {strider} :)

[14:34] {nemo} what about me?

[14:34] {Les} fas

[14:35] {Les} topping out or break of 25? 2 way play?

[14:35] {strider} The truth is you're not funny.

[14:35] {nemo} :(

[14:35] {strider} but still likeable, sort of.

[14:35] {Les} now lets kick him while he's down strider

[14:35] {strider} And your momma wears combat boots.

[14:36] {nemo} Where's that frickin' list?

[14:36] {strider} That she kicks you with.

[14:36] {nemo} My mother is dead

[14:36] {strider} insert past tense.

[14:37] {Les} c'mon vad, SHOW ME THE MONEY!

[14:37] {Les} ....before Nemo commits murder

[14:37] {nemo} frickin' mercy killing

[14:37] {strider} bidu

[14:37] {Threei} oh, NOW you decided to speak to me?

[14:37] {strider} late

[14:37] {Les} huh?

[14:38] {Les} I just finished dinner break dude

[14:38] {Les} its in the contract

[14:38] {Les} even read the kids a quick fairy tale

[14:39] {strider} not touching that one. you go, nemo.

[14:39] {nemo} Had the same thought...but I don't have a sense of humor, remember?

[14:39] {strider} That's what's so funny.

[14:39] {strider} So see, it works out.

[14:40] {nemo} You mean I think like you

[14:40] {Les} l bidu .03 sm shares

[14:40] {strider} hmmm.......

[14:41] {nemo} [14:26] {nemo} you mean the slap or the trade Dino?

[14:41] {nemo} [14:26] {strider} the trade or the slap?

[14:41] {nemo} [14:26] {strider} ha

[14:41] {nemo} [14:39] {strider} not touching that one. you go, nemo.

[14:41] {nemo} [14:39] {nemo} Had the same thought.

[14:42] {Threei} this is so disturbing

[14:42] {strider} No, we think exactly opposite. You put "the trade" first. See, that's not funny.

[14:42] {Threei} we are more or less equipped to handle one nemo

[14:42] {strider} I mean "the slap".

[14:42] {Threei} two nemos is way beyond our capabilities

[14:42] {strider} :)

[14:42] {nemo} skip shooting myself....I'll jump

[14:45] {Les} damn got greedy and missed bidu. out flat

[14:46] {Threei} HEV Hearing rumor company has entered pact with a Chinese supplier (timing uncertain) (3.20, +0.22, 7.38%)

[14:51] {strider} SCHN short?

[14:52] {strider} lyonthewall.com: Schnitzer Steel takeover rumors unlikely, says UBS :theflyonthewall.com

[14:52] {Threei} that was at 12;18

[14:53] {Threei} 12:18 SCHN Hearing UBS analyst skeptical of takeover rumors in SCHN

[14:53] {strider} mine says may 27, 12:24pm

[14:53] {Threei} why would you short it on that now

[14:53] {strider} my news is today. spike is today.

[14:53] {Threei} it's 2:53

[14:54] {Threei} news came out 2 and half hours ago

[14:54] {strider} chart formation is now.

[14:54] {Threei} assuming this is news on which stock should drop, why would you act on it 2 and half hours later?

[14:54] {Les} wow missed my bidu short entry. nuuuuuuuuts

[14:54] {strider} because of the dbi.

[14:54] {Threei} note that it did drop half point at the moment

[14:55] {Threei} OK, then I misunderstand you completely

[14:55] {Threei} you asked about short and cited news headline, making it sound as if you suggested shorting on that

[14:55] {strider} nope,

[14:55] {strider} just led me to it.

[14:56] {strider} and saw a possible short.

[15:01] {Les} mon gaining some tractions

[15:01] {Les} - s

[15:01] {Threei} BP Updates "Top Kill" operation; estimates 24-48 hours before certainty on success of operation

[15:03] {Les} l mon .35 sm

[15:05] {Les} out .58

[15:07] {dino} gj

[15:07] {patience} .

[15:07] {nemo} ?

[15:07] {dino} !

[15:08] {strider} she's reserving a spot in the room.

[15:08] {nemo} gag

[15:08] {nemo} and you're funny...

[15:08] {Les} thanks. some wide stops would have been useful on this stock today

[15:12] {dino} auxl sm l .05

[15:18] {Threei} FAS... watching for pullback for long entry

[15:19] {Threei} recross from under 25

[15:23] {Threei} .90 break

[15:24] {Threei} in

[15:24] {strider} in

[15:26] {Threei} nope

[15:26] {nemo} spy hitting the 200, fas might bounce here

[15:26] {nemo} fas 200 at .72

[15:27] {nemo} bounced with spy

[15:27] {Threei} ugh... rinse

[15:32] {Threei} crap

[15:34] {Threei} hoped fdor another pullback so we would get double bopttom at .80

[15:36] {magoo} vad, mkts gonna close strong?

[15:37] {nemo} yeah

[15:37] {Threei} well, red close is not in cards for sure, lol

[15:38] {Threei} unless during next 20 minutes Europe disappears altogeher

[15:38] {Les} i'll let you's know first

[15:38] {nemo} Yeah, North Korea will bomb them

[15:43] {dptl} have a good evening all.....see ya tomorrow

[15:43] {Threei} take care dp

[15:43] {Les} ciao dp

[15:48] {dino} out auxl flat.

[15:48] {dino} gotta hop, later all

[15:48] {Threei} take care dino

[15:49] {dino} will do. leaving big gaps below

[15:52] {strider} I'll be gone for about 3 weeks, starting tomorrow, guys. You'all do good. See you when I get back.

[15:52] {nemo} thanks for the warning

[15:52] {Threei} have fun strider

[15:53] {larisa} bye strider :)

[15:53] {lasertrev} later strider

[15:54] {nemo} looks like a run into the close

[15:54] {strider} :)

[15:56] {Les} ciao st have fun

[15:57] {Les} missed a ripper of a move in MON.

[15:57] {Threei} fudged final FAS play

[15:57] {Threei} this is where I planned to close it

[15:57] {Les} and what a beauty it would have been

[15:57] {Threei} yeah

[15:57] {Threei} botched entry

[15:57] {nemo} by .05

[15:57] {Threei} yup

[15:58] {nemo} it bounced at support, and when spy bounced at the 200

[15:58] {Threei} fine, tomorrow you call'em

[15:58] {Threei} {--- grinning widely'

[15:58] {nemo} no...I just looked at it, it's just info

[15:58] {Threei} too late

[15:58] {Threei} you are designated caller

[15:58] {nemo} I won't be here then

[15:59] {nemo} wow what a run

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {Threei} see you tomorrow

[16:00] {nemo} c u

[16:00] {Les} ciao

[16:00] {magoo} ty all

Wed May 26 2010

Not big but decent day, with some nice trades here and there. The best of them in educational value was FAZ long. Recap with a screen shot is posted here , and real time commentary started around 11:30 am.

Session Time: Wed May 26 00:00:00 2010

[08:01] {magoo} morn

[08:10] {strider} morning, magoo

[08:17] {nemo} morning

[08:17] {strider} howdy

[08:22] {Les} http://www.youtube.com/watch?v=wO8xTTuQl-k

[08:24] {nemo} yep...definitely little kids in your house

[08:26] {Les} striders fault, his greeting made me do it

[08:27] {nemo} typical child response

[08:27] {Les} :)

[08:28] {strider} durable goods 8:30

[08:29] {Les} started on the essence of tao nemo

[08:29] {Les} some radically different thoughts there

[08:30] {Threei} *(US) APR DURABLES GOODS ORDERS: 2.9% V 1.3%E; DURABLES EX TRANSPORTATION:-1.0 % V 0.5%E

[08:31] {Threei} Les... really worrying sign is when you start considering any other thoughts "radically different"

[08:31] {Les} not a criticism

[08:31] {Threei} I know

[08:31] {Les} but going to uni man

[08:31] {Les} we don't learn that

[08:32] {Threei} wait till you see trading applications of that system of beliefs

[08:32] {nemo} Too funny...it's arguably the oldest body of thought in the world

[08:32] {Les} suits me though, Taoism, since I'm a grumpy old shite that doesn't like to hang out with other people

[08:32] {Les} I'm interested

[08:32] {nemo} that's not the point

[08:32] {Les} yeh I kn ow

[08:34] {Threei} with each next chapter I think more and more that this is the only book really worth writing

[08:34] {nemo} wow

[08:34] {Les} started reading it cause I'm writing a paper that included similar thought from Kant, that has been ignored cause it is non-rational philosophy

[08:34] {Les} what, you're trading book?

[08:34] {Threei} yes

[08:34] {Les} your

[08:35] {Les} speaking of which

[08:35] {Threei} of course it's gping to be the least popular

[08:35] {nemo} Ah yes, the human belief that we are rational beings...wonder if strider will pipe in here

[08:35] {Les} I realised yesterday after closing that my thinking was totally out of sync with yesterdays market

[08:36] {Les} do people come into session here with plans for days outcome, cause I lost big picture screwing around with one trade yesterday

[08:37] {Threei} plans for days outcome?

[08:37] {ese} morning

[08:37] {Threei} ese :)

[08:38] {strider} American Superconductor should be bought today, says PacCrest

[08:38] {strider} Not tomorrow.

[08:38] {strider} Today.

[08:39] {Threei} okay...

[08:39] {ese} right this second

[08:39] {Threei} Les, not sure I understand

[08:39] {ese} mind if i have my coffee first

[08:39] {Threei} could be too late ese

[08:39] {strider} you just don't get it, do you ese?

[08:39] {strider} :)

[08:39] {Threei} American Superconductor purchase can't wait

[08:40] {ese} guess not

[08:40] {Threei} you can always make another cup of coffee

[08:40] {strider} Itr does have a nice chart, daily.

[08:40] {ese} ahhhhhhhh

[08:41] {strider} not daily....sorry

[08:41] {strider} was looking at 5 min.

[08:41] {strider} One small problem with laser.....charts don't ID the period.

[08:41] {strider} Seems like that's a small thing to ask.

[08:42] {Threei} huh?

[08:42] {Threei} look at the bottom of the chart

[08:42] {Threei} daily has dates

[08:42] {strider} that's true.

[08:42] {Threei} intraday has times

[08:42] {strider} and that's true also.

[08:43] {Les} I'd allowed myself to be trapped in a short when the market was going to the moon that's all. I could see it was going up and just failed to switch over to long entries

[08:43] {strider} Laser is very minimalist.

[08:43] {Threei} naturally strider

[08:44] {Threei} it was designed from the get-go as extremely efficient scalper's software

[08:44] {Threei} barebones, fastest execution possible with most convenient interface

[08:45] {Threei} a lot of bells and whistles were added much later

[08:45] {Threei} original version was like rake

[08:45] {Threei} no automatic stops for instance

[08:45] {Threei} because scalpers do not need them

[08:46] {Threei} Les... that's not the matter of coming with plan

[08:46] {Threei} that's matter of not locking yourself into opinion

[08:47] {dptl} morning

[08:47] {Threei} dp :)

[08:47] {Threei} and that, in turn, is a matter of understanding one's role in the world

[08:48] {Threei} if one thinks he can know the future,

[08:49] {Threei} it's arrogance that makes him insist on him being right

[08:49] {ese} dddddddddddppppppppppp!!!!!!!!!11

[08:49] {dptl} :) Ese

[08:49] {Threei} If one realizes that his knowledge is limited and reality can and often is different from his models

[08:50] {Threei} he doesn't get stubborn and allows the world (and the market) govern his actions

[08:50] {Threei} that's your Tao of the Markets for today {G}

[08:50] {Les} yeh some summer reading to do, along with part 1 of your book again

[08:53] {magoo} [08:36] {Les} do people come into session here with plans for days outcome, cause I lost big

[08:54] {magoo} les, thats the first thing a sucessful trader overcomes

[08:54] {ese} wow vad..........thats deep

[08:55] {magoo} must be flexible, let the tape tell u where we are headed

[08:56] {magoo} like today, really feels like we should blast off...BUT who knows, anything can happen, could have "flash crash the sequel today, who knows

[08:56] {Threei} (EU) PIMCO's Bill Gross: Restrictive lending rates may leave default as the "only way out" for some sovereign borrowers - Businessweek (related EUR/USD SOVRX )

[08:56] {ese} not for me mags.....at least not for the days outcome

[08:56] {Threei} that's me ese... deep

[08:56] {Threei} now... wait for me, I need to go laugh

[08:57] {nemo} as in piled high and deep?

[08:57] {nemo} BS=taurine excrement

[08:57] {nemo} MS=more of the same

[08:57] {Threei} btw Les,

[08:57] {nemo} PhD=Piled High and Deep

[08:57] {Threei} looking at things from this point of view

[08:58] {ese} ouch nemo

[08:58] {nemo} that's what I learned after 6 years of higher education

[08:58] {Threei} see now why all the bickering back and forth about what is going to happen in the markets in a week, month or year makes me shrug and remove myself from meaningless mental masturbation?

[08:58] {nemo} ooh...reminds me of a joke

[08:59] {ese} lets have it

[08:59] {Threei} heavy editing is in orderd?

[08:59] {nemo} would have to be a dcc telling :)

[08:59] {ese} ahhhhhhh

[09:00] {Threei} CA) CANADA APR HOUSE PRICE INDEX Y/Y: 11.6% V 9.9% PRIOR

[09:00] {nemo} dcc ese

[09:00] {Threei} ese, if you value your innocence, don't look at it

[09:01] {Les} sqnm vad. .50 break noteworthy as setup?

[09:01] {Les} daily it looks important

[09:01] {Threei} I like the look of dailty overall,

[09:02] {Threei} but the resistance to break is fuzzy

[09:02] {Threei} .40 - .60 zone

[09:02] {ese} i cannot tell a lie.....i looked

[09:02] {Les} Nemo, that's a joke for bitter and twisted divorced man

[09:03] {nemo} I'm not bitter

[09:03] {Les} ok just twisted

[09:03] {nemo} Twisted....well.....yahh

[09:04] {nemo} then again...I think that's a case of the pot calling the kettle black.

[09:05] {Les} well duh

[09:05] {Les} anyone staying in vad's room gotta be nuts

[09:05] {nemo} even larisa and patience?

[09:06] {Threei} no, they just find observing us edcuational and entertaining

[09:06] {Les} dunno their story

[09:06] {Les} right

[09:06] {nemo} ahhh, like visitors at the zoo

[09:07] {magoo} AIG is due for a rip vad, if IF mkts remain strong, lets follow it

[09:08] {Threei} I'll try mags

[09:09] {Threei} but you know how this animal behaves

[09:09] {nemo} or doesn't as the case may be

[09:12] {Threei} UK) US Treasury Secretary Geithner: UK Chancellor's Osborne laid out strong compelling plan

[09:12] {Threei} - Osborne says Finacial market stability is in everyone's interest

[09:12] {Threei} - Happy to see Europe heading towards bank levy

[09:12] {Threei} - Geithner says important that Eu puts backstop plan into action

[09:12] {Threei} Happy to see Europe heading towards bank levy....

[09:12] {Threei} idiot

[09:12] {shorty} Good morning all

[09:12] {Threei} unless he means "you do that but we won't"

[09:12] {Threei} shorty :)

[09:13] {RonS} gm all. vrtx up on what i consider important news

[09:13] {ese} unless i'm blind......haven't seen anything stick out on your pre market action screen vad.....i miss anything

[09:13] {Threei} Ron :)

[09:13] {ese} ron

[09:13] {Threei} Vertex Pharmaceuticals Inc Phase III trial of Telaprevir in chronic hepatitis C shows promising results

[09:13] {Threei} - 75% of people chronically infected with genotype 1 hepatitis C virus (HCV) who had not previously been treated achieved a sustained viral response

[09:14] {Threei} Vertex plans to submit a New Drug Application to the U.S. FDA for telaprevir in the second half of 2010 for both treatment-nave and treatment-failure patients.

[09:16] {RonS} i have known people that got hep c from tainted blood transfusions. just terrible

[09:16] {nemo} yeah, my cousin got it from the vaccine guns in the army back in the early 80's

[09:16] {ese} terrible for sure

[09:16] {nemo} He went through 3 rounds of chemo

[09:17] {nemo} Turned out alright though. Hasn't been any sign of the illness in 13 or 14 years

[09:17] {Threei} larisa :)

[09:17] {nemo} lari :)

[09:17] {magoo} this open a toughie

[09:17] {magoo} pop - drop

[09:17] {magoo} drop-pop

[09:17] {larisa} gm :)

[09:17] {magoo} rip-rot-rip

[09:17] {magoo} rip-rip-rip-

[09:17] {Threei} I plan on waiting it oput mags

[09:18] {magoo} rot

[09:18] {ese} me as well

[09:18] {magoo} 'easier yester

[09:18] {nemo} market is in resistance area

[09:18] {strider} F again

[09:18] {magoo} likely hood of bounce had good odds

[09:18] {Threei} yeah, today is more of a toss

[09:19] {magoo} stocks are still oversold on short term basis

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:20] {strider} TEVA weak

[09:22] {dino} gm all

[09:22] {nemo} hey binky!

[09:22] {Threei} dino :)

[09:23] {nemo} dcc dino :)

[09:26] {dino} strider you're getting your gap wish

06[09:26] * magoo slaps lasertrev around a bit with a large trout

[09:26] {strider} yeah:)

[09:27] {magoo} F rip vad

[09:27] {Threei} oh yeah, you had GE overnight

[09:27] {Threei} nice gap

[09:27] {strider} yep

[09:27] {strider} holding through open

[09:27] {Threei} pullback mags... only pullback will get me interested

[09:28] {magoo} just putting it on your radar, BP spike too here

[09:28] {Threei} F is relatively easy player when momo comes... under normal circumstances it's anything but

[09:28] {magoo} BP

[09:28] {magoo} sh@t

[09:29] {nemo} must made the top shot

[09:29] {magoo} bp trying to place lid on well today

[09:29] {nemo} yes

[09:30] {jfjf64} mornin

[09:30] {Threei} jf :)

[09:30] {Threei} BP, let it drop under 42 before trying long

[09:31] {Threei} GE) German Bundesbank: Euro zone defaults must remain possible

[09:31] {Threei} QTWW Awarded contract by Lockheed Martin

[09:33] {Threei} AIG

[09:33] {Threei} ugh

[09:33] {Threei} don't chase

[09:33] {Threei} if drops to 35, watch for entry

[09:34] {magoo} look WFC vad

[09:34] {Threei} Long Setup: AIG half lot .10 break

[09:34] {Threei} stop under .95

[09:34] {nemo} spy dancing at 200 ma

[09:34] {Threei} teleportation...

[09:34] {nemo} was already past

[09:34] {shorty} lol

[09:34] {Threei} was available for a few seconds

[09:35] {nemo} watch for double top spy here

[09:36] {Threei} Long Setup: WFC .10 break

[09:37] {dptl} in.11

[09:37] {nemo} yeah

[09:37] {Threei} stop under 29

[09:37] {Threei} not a scalp for me if works

[09:39] {nemo} 200 at .87

[09:39] {nemo} ma that is

[09:39] {Threei} let's go WFC

[09:40] {nemo} spy at resistnace

[09:40] {nemo} oh no, vad's infected me

[09:40] {Les} you infected yourself. you type too much

[09:41] {dino} vrtx sm s .25

[09:42] {Les} wow MS is no dog today

[09:42] {Threei} stopped

[09:42] {dptl} stopped

[09:42] {nemo} oh slippage

[09:42] {Les} gs looking weak too

[09:43] {jfjf64} \rimm

[09:43] {nemo} wfc pausing at the 200 ma

[09:43] {dino} cov vrtx .80, +.45

[09:44] {Les} damn didn't even see your entry

[09:44] {nemo} wfc rinse

[09:44] {dino} above les

[09:45] {Les} my bad, not yours

[09:45] {Threei} US) Preview: April New Home Sales due out at 10:00ET

[09:45] {Threei} **consensus expectation: 425Ke v 411K prior

[09:46] {Threei} Long Setup: AIG half lot .15 break

[09:47] {nemo} stop under .95?

[09:47] {Threei} depends

[09:48] {nemo} ahh scalp day swing

[09:48] {Threei} and bottom of this pullback

[09:48] {Les} wfc getting dumped

[09:49] {nemo} yeah, I thought short .84, but....

[09:49] {Threei} recalibrate AIG

[09:49] {jfjf64} lvs???

[09:49] {Threei} .10 break if holding 35

[09:49] {nemo} 1/2?

[09:50] {Threei} LVS, one more pullback

[09:50] {Threei} then I get interested

[09:50] {jfjf64} rimm +.28

[09:50] {Threei} like this

[09:50] {jfjf64} ty

[09:50] {Les} BP hovering under .50

[09:50] {Threei} AIG invalidated

[09:51] {Les} bp read vad?

[09:51] {Threei} none

[09:51] {Threei} BP will be dependent on top kill success

[09:51] {Threei} if we get unraday updates, it can influence the stock

[09:51] {nemo} they won't know for a couple of days

[09:52] {Threei} there will be blabbing around

[09:52] {Les} wfc bounce. breakdown entry?

[09:53] {nemo} aig two way play?

[09:53] {Threei} LVS, one more leg down, and let's hunt for a reversal

[09:53] {Threei} from under 22

[09:54] {Threei} WFC, I'd look for double bottom,

[09:54] {Threei} desirably holding .70

[09:54] {jfjf64} ii

[09:54] {Les} will do

[09:54] {Threei} and vreaking .80

[09:55] {nemo} rimm strong

[09:55] {dino} mos sm l .00

[09:55] {jfjf64} trend line ouchhhhhhhhhhhhhhhhh

[09:55] {dptl} wfc .80 long? valid?

[09:56] {Threei} held .70 so far

[09:56] {jfjf64} picture

[09:56] {nemo} indices topping again

[09:56] {dptl} in

[09:56] {jfjf64} lcc

[09:56] {Threei} LVS got away

[09:57] {Threei} reversed a bit too soon

[09:57] {dino} dia sm l .40

[09:58] {Threei} WFC 1:1

[09:59] {dptl} half out +.10 half out even

[09:59] {dptl} ty

[10:00] {Threei} US) APRIL NEW HOME SALES: 504K V 425KE (14.8% M/M

[10:01] {dino} wow

[10:01] {Threei} prior revised higher from 411K to 439

[10:01] {nemo} ahhhh...dino?

[10:02] {nemo} what wow, homes?

[10:02] {nemo} end of tax credit

[10:02] {dino} yes

[10:03] {Threei} FAS

[10:03] {Les} gs is a rocket

[10:03] {Threei} watching for sharp pullback,

[10:03] {nemo} dt

[10:03] {jfjf64} whats with all great trend line vad

[10:03] {Threei} long entry around 23.90 - 24

[10:03] {Threei} jf?

[10:04] {dino} dia to flat

[10:04] {jfjf64} txt rimm lcc

[10:04] {jfjf64} ect

[10:05] {jfjf64} just thinkin out loud

[10:05] {jfjf64} or with keyboard

[10:06] {dino} out mos flat, out dia flat

[10:06] {Les} wfc 29

[10:08] {dino} call me crazy, but mkt feels heavy

[10:08] {nemo} very

[10:08] {dino} dia s .40 sm

[10:11] {Threei} FAS is getting there

[10:11] {shorty} one more leg down?

[10:12] {Threei} yes

[10:12] {Threei} OK

[10:12] {Threei} 24.02 long

[10:12] {Threei} argh

[10:12] {shorty} went too fast

[10:12] {Les} in .03

[10:13] {dino} cov dia flat, i'm confused

[10:14] {Threei} AIG UK Serious Fraud (SFO) ends investigation into the UK opeations; cites insufficient evidence

[10:14] {Les} that's useful

[10:14] {Threei} half out FAS

[10:14] {Threei} or scalp

[10:14] {Threei} personal preference

[10:14] {dptl} missed

[10:16] {dino} sm l bwld .33

[10:16] {dino} thinny

[10:17] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:17] {Threei} **consensus expectations:

[10:17] {Threei} Crude: +250Ke

[10:17] {Threei} Gasoline: +500Ke

[10:17] {Threei} Distillate: +500K

[10:18] {ese} L akam .04

[10:18] {Threei} Les, offer above .20 if you still have so FAS

[10:18] {Threei} there you gop

[10:19] {Les} no had no faith in you sorry

[10:19] {magoo} .27 here

[10:19] {Les} chickened out prematurely

[10:19] {Threei} faith in me?

[10:19] {Threei} boy...

[10:20] {Threei} wow... Obama a Presidential Approval Index rating of -22. Thats the lowest Approval Index rating yet measured for this president

[10:20] {dino} micc sm l .24

[10:20] {Threei} this quickly turns into Obama's Katrina

[10:20] {ese} out akam .16 +.12

[10:21] {magoo} F'k fas

[10:21] {Les} that last fas long I was only long small shares and got out too quickly. was expecting sharp drop like now

[10:22] {Threei} mags, you are not breathing

[10:22] {Threei} natural trading is a breathing process

[10:22] {Threei} inhale and exhale

[10:23] {Threei} you are holding breath for too long in this volatile market

[10:23] {magoo} one heck of fall there ..was .21

[10:23] {Threei} I undersdtand the desire to maximize profits but it has to be done wih protecting them

[10:23] {Threei} partial out, then it will be natural process

[10:24] {Threei} vs. fighting the forces

[10:28] {Les} took you up on the DIA short dino. s .49. stopped previously

[10:29] {dino} gl

[10:30] {Les} :s

[10:30] {Threei} *DOE CRUDE: +2.45M V +250KE

[10:30] {Threei} oh boy

[10:30] {Threei} GASOLINE: -200K V +500KE; DISTILLATE: -270K V +500KE

[10:30] {Threei} you can swim in stuff, drink it, pour it out, and there still will be plenty left

[10:31] {Les} ha! who were these idiots raving on about peak oil?

[10:31] {nemo} it may have peaked, demand has collapsed here...not in India and China

[10:31] {shorty} l FAS .90

[10:32] {nemo} shorty watch .95 thats the 200 ma, fas often finds support or resistance in that area

[10:32] {Les} it was a joke dammit

[10:32] {shorty} ohhhh...thanks nemo

[10:33] {nemo} I watch it alot

[10:33] {shorty} I will try it.

[10:33] {Threei} it doesn't mean it's usefil shorty... he just likes watching it

[10:33] {shorty} lol

[10:33] {nemo} I like to watch....

[10:34] {shorty} I got out at .96 anyway

[10:35] {Les} dia stopped -.11 whiskey break

[10:37] {magoo} LVS bvad strong

[10:38] {Threei} everything is, moves woith market... valid readable setup is anotger matter

[10:39] {Threei} 22.15 break was, in retrospect

[10:39] {Threei} I just wasn't watching it at the moment

[10:40] {nemo} cat strong too

[10:41] {Threei} KNSY Receives FDA 510(k) Clearance for ECM Product, Meso BioMatrix Surgical Mesh (23.15, +0.94, 4.23%)

[10:42] {Les} interesting observations you had on BP. Like RIG it is stuck in pergatory

[10:44] {Threei} LVS, pullback to .15 - .20 is not possible entry zone

[10:44] {magoo} then why mention it?

[10:44] {larisa} lol

[10:45] {Threei} sigh

[10:45] {Threei} not = now

[10:45] {Threei} lol

06[10:45] * Threei slaps magoo around a bit with a large dictionary of Threeiish

[10:46] {Threei} .45 is C&H breakout

[10:46] {shorty} lol

[10:46] {Threei} ok mags, that was a good one...lol

[10:46] {nemo} 109.35 important level fo spy on daily

[10:49] {Threei} Libyan Oil Minister: OPEC members discussing weakness in oil price, seeking tighter compliance with quotas

[10:50] {Les} l GLD .02 stop under .90

[10:53] {dino} dia sm s .50

[10:53] {Threei} FAS

[10:53] {Threei} bounce hunt

[10:53] {Threei} LVS too

[10:54] {nemo} spy broke support

[10:56] {shorty} .61 Threei? If holds .50

[10:56] {Threei} feels like losing .50 is more likely

[10:57] {nemo} yeah, spy testing 200 at .90

[10:57] {shorty} hence why I usually wait for your call.

[10:57] {Threei} ok, .45 - .50

[10:58] {jfjf64} lvs .10

[10:58] {jfjf64} ??

[10:58] {dptl} in

[10:58] {Threei} yes

[10:58] {Threei} in FAS

[10:58] {shorty} in

[10:59] {Threei} 1:1

[10:59] {shorty} 1:1 ty

[10:59] {dptl} out .56 ty

[11:00] {Les} stopped gld

[11:00] {shorty} probably will go higher.

[11:00] {Threei} 1:2

[11:01] {Threei} 1:3, out in full

[11:02] {Threei} LVS over 1:1

[11:03] {Threei} Short Setup: BP .80 break

[11:04] {dptl} missed

[11:04] {shorty} I can't short it.

[11:04] {dptl} where was your stop ??

[11:05] {Threei} gosh.. what's with yelling

[11:05] {Threei} I am easuly scared

[11:05] {nemo} wuss

[11:05] {Threei} .90 for scalpers, 43 for day traders

[11:05] {Les} missed BP. took aggressive entry in LVS .09 instead

[11:06] {Les} short

[11:06] {dptl} ok

[11:06] {dptl} missed it

[11:06] {Les} lol dp

[11:06] {Threei} AIG (US) Fed General Counsel: Unlikely AIG will require more funds from the Fed, is on the path of sustainability - congressional hearing

[11:08] {Threei} - Federal Reserve anticipates that the loans under the Revolving Credit Facility, including interest and commitment fees under the modified terms of the Facility, will be fully repaid

[11:08] {Les} that's the casino money banks are playing with isn't it?

[11:10] {nemo} rimm bounce around here?

[11:10] {nemo} 200 is at .30

[11:10] {nemo} it bounced

[11:10] {dptl} it's a long weekend coming?

[11:10] {Threei} yes

[11:10] {Threei} BP

[11:10] {Threei} same setup

[11:11] {dptl} ty

[11:12] {dino} cov dia .32, +.18

[11:14] {Threei} invalidated

[11:14] {nemo} rimm bounced at the 200

[11:15] {magoo} yea..it was a good call rimm

[11:16] {nemo} the algo's sure seem to play off those ma's

[11:17] {RonS} nemo, what time frame is your 200 MA?

[11:17] {nemo} 1 minute

[11:17] {RonS} ahso

[11:17] {nemo} I am not!

[11:18] {RonS} ahso hawney :D

[11:20] {dino} vrtx sm l .45

[11:21] {Threei} Long Setup: LVS .25

[11:22] {Threei} invalidated

[11:23] {shorty} Have a good day all. Will see you Friday, taking kids out to the Zoo all day tomorrow.

[11:24] {Threei} take care shorty

[11:24] {Les} ciao

[11:24] {jfjf64} enjopy

[11:25] {jfjf64} .20 lvs vad

[11:25] {Threei} nah

[11:25] {Threei} spiked too vetically

[11:25] {jfjf64} k

[11:26] {jfjf64} i see

[11:26] {dino} cya shorty

[11:27] {RonS} ...market starting to pay attention to the euro again, which just went to a lod and bounced a little

[11:27] {dino} dia sm s .95

[11:28] {Les} DIEEEEEEEEEEEE LVS

[11:28] {nemo} vrtx holding nicely

[11:29] {nemo} cat at 200 :)

[11:30] {Les} bp at yesterday's close

[11:31] {Threei} feels like we are going to break down and get some wave of selling

[11:31] {dino} gap fill maybe

[11:31] {RonS} faz play 3i?

[11:31] {Threei} looking at it, yes

[11:31] {jfjf64} hmm maybe start hunting shorts

[11:31] {Threei} pullback to about .50 - .55 would be safe way of entry

[11:32] {nemo} fas holding .45

[11:33] {Threei} dino's gap fill if materializes would give us FAZ run to about 16

[11:34] {Threei} if marker reverses down again from here, .70 break FAZ...

[11:34] {Threei} although pullback is still me preferred way

[11:34] {Threei} my

[11:35] {nemo} pirate in ya'

[11:35] {Threei} yeah, lol

[11:36] {Threei} if break comes firstg, stop under .60, and aiming for 1:2 - 1:3

[11:37] {Threei} SEC could oblige US states and local Govts to disclose additional information on their debt levels; may require bond isurers to discloses more information on bankruptcies

[11:37] {Threei} ok, pullback it is

[11:38] {Threei} in .56

[11:38] {Threei} stop under .50

[11:38] {Threei} not a scalp

[11:38] {dptl} in.58

[11:39] {Threei} 1:1 was easy

[11:39] {jfjf64} like that

[11:40] {jfjf64} very cocky

[11:40] {jfjf64} lol

[11:40] {jfjf64} TY

[11:40] {Threei} sure thing

[11:41] {Threei} we need SPY to break 108.50

[11:41] {Threei} and stop resisting its destiny

[11:43] {dptl} half out

[11:43] {Threei} half out here

[11:43] {Threei} good thinking dp

[11:43] {jfjf64} LVS C/H

[11:43] {jfjf64} ??

[11:43] {Threei} nah

[11:44] {dptl} stop .54?

[11:44] {Threei} yes

[11:44] {nemo} nah or yes?

[11:44] {Threei} choose

[11:44] {nemo} oh on stop

[11:44] {Threei} ok FAZ

[11:44] {Threei} break and run

[11:46] {jfjf64} here we go

[11:46] {Threei} 1/4 more near .80 and last portion .90 - .95 is the plan so far

[11:46] {Threei} out 1/4 more

[11:46] {dptl} out .78 some more

[11:46] {jfjf64} GOOOOOOOOOOOOOOO

[11:47] {dino} hmmm

[11:48] {Threei} we are at 1:6

[11:48] {dptl} stop?

[11:48] {Threei} the power of ideally timed aggressive entry

[11:48] {Les} thank you vad for showing me the way

[11:48] {Threei} learn while I am alive

[11:49] {Threei} {GGG}

[11:49] {Les} eat less bacon

[11:49] {Threei} no way

[11:49] {dptl} where the stop for the balance Vad?

[11:49] {Threei} there is no frikin way

[11:49] {jfjf64} and imm buyin new pair of blue suade shoes

[11:49] {Threei} no idea dp

[11:49] {dptl} lol

[11:49] {jfjf64} ty

[11:49] {Threei} seriously

[11:49] {jfjf64} ohh boy

[11:49] {dptl} under .70 i keep

[11:50] {Threei} it spiked so vertically that there is no reasonable support to trail to

[11:50] {jfjf64} not another lesson coming

06[11:50] * Threei slaps jfjf64 around a bit with a large frozen trout with jagged edges

[11:50] {jfjf64} lol

[11:51] {jfjf64} comon im not asking where stop goes

[11:51] {Threei} the only concession I am willing to make health wise is one glass of carrot juice a week... and even that is only out of respect to larisa

[11:51] {jfjf64} dptl needs slap

[11:51] {Threei} ok

[11:51] {dptl} why

06[11:51] * Threei slaps dptl around a bit with a large frozen bottle of Grey Goose with jagged edges

[11:52] {jfjf64} ty

[11:52] {Threei} dunno, ask jf

[11:52] {dptl} maaan

[11:52] {Threei} I am just happy to slap

[11:53] {strider} slap-happy?

[11:53] {dino} whippy

[11:53] {dptl} all out now...ty

[11:53] {Threei} welcome

[11:59] {jfjf64} lvs gettin ready

[11:59] {jfjf64} ??

[12:00] {Les} lucky I had a cover order on lvs at .03. that bastard just won't go down

[12:01] {Threei} chart looks right, but we need confifent market reversal to the upside for this to work

[12:02] {dino} and all we've done is dropped since 10:40ish

[12:03] {dptl} you mean .20 break lvs if market goes?

[12:03] {Threei} yes

[12:03] {RonS} dino, rimm 60.00 break = gap fill?

[12:03] {nemo} spy forming inverse H&S

[12:05] {dptl} in lvs

[12:05] {dptl} stop under .10

[12:08] {dino} ron, i hate rimm

[12:08] {strider} fern, is that you?

[12:08] {Threei} lol

[12:08] {nemo} good one

[12:09] {dino} dia cov .17, -.22

[12:10] {nemo} faz might bounce around here

[12:10] {dino} sni spikey

[12:11] {dptl} is anybodyelse in lvs?

[12:11] {nemo} not me

[12:12] {Les} is I say no?

[12:12] {Les} if

[12:13] {dptl} so i am alone in this....

[12:13] {dino} dwa

[12:13] {Les} no dp, long LVS .21

[12:14] {Les} forgot to shut off stop loss program. was short FAZ there a moment. out +.03

[12:14] {dino} out vrtx .85, +.40

[12:15] {ese} nice dino

[12:15] {ese} been following that but didn't get in

[12:16] {dino} ferts stink today

[12:16] {nemo} cute

[12:16] {dino} ty es

[12:16] {dino} dwa sm l .00

[12:17] {dptl} torcher

[12:18] {dptl} lvs

[12:18] {nemo} you mean torture?

[12:19] {dptl} yes that

[12:19] {nemo} ahhh, I was thinking you got burned by something

[12:19] {dino} lol

[12:19] {dptl} lol

[12:21] {Threei} that reminds me a search in Walmart for tiki torch, with a friend who spoke almost no English,

[12:21] {Threei} and was so excited when found them that he yelled "torch:" in russian, so half of Walmart heard him

[12:22] {Threei} jusy so you know, torch is russian sound like "fuckel"

[12:22] {Threei} shoppers were elated...

[12:22] {dptl} lol

[12:22] {Threei} many many heads turned to see where the named subject was

[12:22] {jfjf64} fuckel

[12:22] {dino} bazinga

[12:23] {nemo} ?

[12:23] {jfjf64} lvs

[12:26] {RonS} ...is BP winding up for a breakout from its channel?

[12:27] {RonS} just went

[12:27] {RonS} kinda

[12:28] {dptl} out lvs

[12:28] {RonS} sheesh...Part Owned by BP, Alyeska Pipeline Shuts Trans-Alaska System After Leaking Several Thousand Barrels 05/26 10:27 AM

[12:29] {dptl} +.03 lvs

[12:29] {Threei} (IT) Italy Union leader reportedly planning to call for a strike to take place in June

[12:29] {RonS} ...since they have July off...

[12:29] {Les} ditto dp. market support failing

[12:29] {nemo} August too, yeah

[12:30] {dptl} ye

[12:30] {Threei} and we have just a week left of may

[12:30] {Threei} June seems to be logical choice

[12:30] {Threei} AIG CEO: On track to repay the US for the assistance; currently expecting to complete sale of AIA, ALICO unit by year end

[12:31] {RonS} Federal Response Coordinator Approves BP's Top Kill Procedure 05/26 10:30 AM

[12:31] {RonS} ...were they gonna say no?

[12:31] {Threei} here comes daily dose of idiocy:

[12:31] {Threei} IT) Italy PM Berlusconi: Speculation helped to trigger current crisis

[12:32] {jfjf64} real meatball

[12:32] {Les} hehe Ron was that the Meth head or the guy screwing BP's executive who approved it?

[12:32] {RonS} i dunno bp strength...

[12:33] {Les} real class act, the Fed crew monitoring the oil industry

[12:33] {Les} This DefX for RAM seems to be doing the job Nemo

[12:34] {nemo} cool

[12:34] {Les} with Itunes running plus trading stuff still 1G free

[12:34] {nemo} yeah Microsuck and memory management

[12:35] {Threei} itunes is something vital to run during trading time, I understand

[12:35] {nemo} very perspicacious of you vad

[12:35] {Les} you taking the mickey out of me?

[12:35] {strider} insightful, too.

[12:35] {nemo} hehehehehe...I knew you'd pipe up Dunedin

[12:36] {Threei} sent me to a dictionary

[12:36] {strider} "curb prolix wherever you find it."

[12:36] {dino} i run music too

[12:36] {strider} maybe prolixity

[12:37] {nemo} perhaps sesquepedalian

[12:37] {dptl} is that english?

[12:37] {nemo} oops...sesqui...

[12:37] {nemo} of course dp

[12:38] {nemo} the only other language I speak is German

[12:38] {strider} well, super silly us.

[12:38] {Threei} BP string

[12:38] {Threei} strong too

[12:39] {strider} 12:32 EDT BP

[12:39] {strider} theflyonthewall.com: BP's "top kill" operation should be under way, Ken Salazar says

[12:39] {strider} Reported by Bloomberg. :theflyonthewall.com

[12:39] {nemo} if this doesn't work....oy frickin vay

[12:40] {RonS} ...BP still has not said they are going to do it...

[12:40] {Threei} heh... compare two nombers:

[12:40] {Threei} Italy PM Berlusconi

[12:40] {Threei} - sees 2012 budget deficit at 2.7%/GDP

[12:40] {Threei} - estimates that the black market economy is 22% of GDP

[12:40] {RonS} lol

[12:41] {Threei} is this cynic's delight or waht

[12:42] {Threei} mind-boggling: reining in just about 10% of underground economy would have covered budget deficit

[12:42] {RonS} bp re-cross 3i?

[12:42] {Threei} good management guys

[12:42] {Threei} I'd feel much safer with it 5-10 cents lower, rin

[12:43] {Threei} yep, like this

[12:43] {RonS} invalwoodated

[12:43] {Threei} in .81

[12:43] {nemo} ?

[12:43] {Threei} out half .87

[12:44] {Threei} stop to .79

[12:44] {Threei} remember our yesterday's discussion of major support levels to use for the entry zone?

[12:45] {Threei} .80 was one

[12:45] {ese} L sigm sm .55

[12:45] {Threei} out in full .94

[12:45] {Threei} nice and easy

[12:46] {ese} well done chief

[12:46] {Threei} and that's 20% of me larisa doesn't like?

[12:46] {Threei} crap, the rest 80 must be absolutely brillianrt

[12:46] {larisa} and why .80 was the one ?

[12:46] {Threei} look at 1 min, times:

[12:47] {larisa} not .85 not .90.. but .80 and .10 scalp :)

[12:47] {Threei} 11:47, then 12:28 to 12:32

[12:47] {Threei} then 12:37

[12:48] {Threei} kind of "surround" the .80

[12:48] {Threei} take it in fork

[12:48] {Threei} spike after breakjing it, then serves as support on pullback

[12:48] {Threei} another spike

[12:49] {Threei} so when hard pullback comes, this is where I am especially interested, it became natural sup[port

[12:50] {larisa} nah, not liking it still :) rather, not understanding.. when Ron says .85 and you say .05 lower, and it was dancing around it, beyond me :)

[12:50] {larisa} but you can have it :)

[12:50] {Threei} no, I was typing answer when it was jusyt above .90

[12:51] {Threei} so saying 5-10 cents lower I had in mind .80 - .85, and immediately added [12:43] {Threei} yep, like this

[12:51] {Threei} when it dropped while I typed

[12:52] {Threei} you are not understanding it for a simple reason larisa - it's not a matter of science, it's an art part... observe it to get a feel for it,

[12:53] {Threei} you will see that it works with a good percentage of success

[12:53] {Threei} not everything can be put in strict formula

[12:53] {Threei} what I outlined yesterday is as far as science part goes

[12:56] {larisa} to me it looks like scalp against the short term trend and i do not like it. but i admit, I am 98% science :) so please, let me be

[12:56] {nemo} whoa

[12:57] {larisa} you missed it nemo. yesterday we argued about it.. read the log, nice lecture by vad

[12:57] {larisa} i just do not get it :)

[12:57] {nemo} oh

[12:58] {Threei} yesterday's log from 13:00 nemo

[12:58] {dino} dwa stopped -.32

[12:58] {Threei} wow

[12:58] {Threei} CH) China Investment (CIC) President: France Govt has informed the CIC that its investment is not welcome within a particular company

[12:58] {Threei} - specific company is unnamed

[12:58] {dino} these gap open up days are not my thing

[12:58] {Threei} those are fighting words

[12:59] {Threei} want to see something funny?

[12:59] {Threei} look at XNPT,

[12:59] {Threei} now read:

[12:59] {Threei} XNPT Update: Price Target raised to $27 from $18 at Wedbush

[13:00] {Threei} thing is nowhere near 18, and shows no signs of going anywhere,

[13:00] {Threei} so they raise target to 27 thinking heck, maybe this way we could at least push it to 18

[13:10] {Threei} LVS... you guys dumped it before stop being hit why exactly?

[13:10] {nemo} no, I never got in it

[13:10] {dptl} market start looking bad at the time

[13:11] {Threei} some need to read on wu wei principle..

[13:12] {nemo} ?

[13:12] {dptl} ?

[13:12] {RonS} ...or Murphy...

[13:12] {strider} :)

[13:13] {Threei} non-interference

[13:13] {Threei} once trade is initiated, let it play out

[13:13] {Threei} you do not see the future

[13:13] {Threei} let nature take its course and don't think you know better

[13:13] {Les} what are we in?

[13:14] {dptl} ye but it almost touched 1:1 market turned around...so would it be wise to get out flat?

[13:14] {Threei} if you think of what robbed you of this profit in terms on your inner traits, ansdwer will be: arrogance

[13:14] {nemo} or fear

[13:15] {Threei} 1:1? it was .26 the highest

[13:15] {Threei} maybe .27

[13:15] {dptl} 28. 2c from 1:1

[13:16] {Les} no you are right Vad. I had hard stops in place. should have let it run. LVS has shown strength today, and I ignored that

[13:16] {Threei} here is criteria for you dp:

[13:17] {Threei} was it a level where you'd consider taking scalp or partialling out?

[13:17] {dptl} was thinking scalp (mid day)

[13:17] {Threei} if yes, why didn't you? if no, why consider it 1:1 for stop trailing purposes?

[13:18] {Threei} see how this contradiction confuses you and leads you to erroneous decision?

[13:18] {Threei} I'd understand this approach if it touched your exit level and you missed yopur chance for exit,

[13:18] {Threei} then yes, trail stop

[13:19] {Threei} because price has been at what you consider close enough to 1:1

[13:19] {dptl} i had my order waiting at .30....it hits .28, market start going down,so i thought it's better to get out

[13:19] {Threei} there you go

[13:19] {Threei} you didn't consider .28 close enough to exit

[13:19] {Threei} but thought of it as close enough to trail?

[13:19] {Threei} makes no sense to me

[13:20] {dptl} it just happend so fast

[13:20] {Threei} it may seem insignifican dirrence to you simply because it's just 1-2 cents

[13:20] {Threei} but we are talking about the idea

[13:20] {RonS} ...must be some kinda strike...Frog horde closes major highway in northern Greece

[13:20] {Threei} yes, fast BUT:

[13:20] {nemo} ahhh the plagues have started

[13:21] {Threei} .28 wasn't a level you thought of exiting at and simply missed because it was fast

[13:21] {Threei} see my point?

[13:21] {Threei} lol nemo, what's next, locusts?

[13:21] {nemo} no

[13:21] {Threei} darkness?

[13:21] {nemo} Charleton Heston rises from the grave

[13:22] {Threei} I forgot

[13:22] {strider} all the wine is going to turn into water.

[13:22] {strider} vodka too.

[13:22] {nemo} that sucks

[13:22] {larisa} lol

[13:22] {nemo} world goes to hell and I have to be sober! WTF!

[13:23] {nemo} Water to blood Frogs Lice Flies Sick Animals Boils Hail Locusts Darkness Death of First Born

[13:24] {nemo} add #11 stupidest politicians in history

[13:24] {strider} dandruff

[13:24] {nemo} crabs

[13:24] {dptl} i thought you would trail it to break even after it touched 1:1,so when it almost did,i trailed it

[13:25] {Threei} yes

[13:25] {Threei} but you define "almost" too loosely

[13:25] {nemo} FAS break here Vad?

[13:25] {Threei} I gacfve you criteria what to consider close enough to 1;1

[13:25] {Threei} please read carefully what I said

[13:26] {nemo} [13:25] {nemo} FAS break here Vad?

[13:26] {Threei} looks like...

[13:26] {Threei} .87

[13:26] {Threei} in holding .80 from now on

[13:26] {nemo} in=if?

[13:28] {nemo} volume dropping

[13:30] {nemo} oh well

[13:30] {Threei} invalidated

[13:34] {Les} vad lvs .35?

[13:34] {nemo} big bid fas .80

[13:34] {nemo} not sure what that means for a stock like fas

[13:34] {Threei} I don't have a read on the market here, Les

[13:34] {Threei} stalemate

[13:34] {Threei} chart itself is right

[13:34] {Threei} market support is a big if

[13:35] {magoo} any read WFC here vad?

[13:36] {Threei} no...

[13:37] {magoo} wow..blunt

[13:37] {RonS} gs strong, pushing fas

[13:38] {Les} took it and out lvs +.09

[13:39] {dino} elx l .00

[13:39] {dino} stop .89

[13:43] {dptl} ye i see your point Vad..

[13:43] {Threei} (MX) Mexico deputy central bank gov Sanchez reiterates EU crisis should not slow Mexico economy

[13:44] {Threei} ummm... okay then...

[13:44] {Les} no

[13:44] {Threei} I also am sure that Brasilian recovery should not influence Mongolia very much

[13:44] {Les} drug trade is all american

[13:45] {dptl} long ceg .02

[13:46] {dptl} offering last peice .27

[13:46] {Threei} like 20 cents lower?

[13:46] {dptl} ye

[13:46] {Threei} thanks for telling us now :)

[13:46] {nemo} yeah, was thinking the same thing

[13:46] {dptl} was reading your comment

[13:46] {nemo} slap him with something vad

[13:47] {dptl} sorry

[13:47] {nemo} insufficient

[13:47] {Threei} yeah, I am not a believer in sorry eiother

[13:47] {nemo} I believe in expropriation

[13:47] {Threei} I believe in sufficient, cruel and merciless punishment

[13:48] {dptl} vodka?

[13:48] {Threei} hmmm

[13:48] {Threei} that could do

[13:48] {dptl} deal

[13:48] {nemo} well, you know I'm in that camp too Vad

[13:48] {Threei} we ahve a problem here nemp

[13:48] {Threei} nemo

[13:48] {nemo} send $40US to my paypal account and I'll get a big bottle of Ketel 1

[13:48] {Threei} dp is a believer in bribing

[13:48] {nemo} I'm a believer in beating

[13:49] {Threei} and that's where problem lies

[13:49] {dptl} i've been rased in ussr

[13:49] {Threei} if he offers a bribe in order not to be beaten... I am inclined to accept it

[13:49] {Threei} you can always threaten beating again in the future

[13:49] {nemo} o.k...(wish I could remember my paypal account)

[13:49] {Threei} so why not accept a bribe now

[13:49] {nemo} true

[13:50] {Threei} CEG meanwhile is close enough to .27

[13:50] {nemo} but, there is some fun in pugilistic endeavors

[13:50] {dptl} out

[13:53] {Threei} (US) Colorado State Univ: June 2nd hurricane report will state that US faces a "hightened threat" of an above-average 2010 hurricane season

[13:53] {dptl} pugilistic endeavors???...more and more i see that i don't know english at all

[13:53] {nemo} english may be the largest language

[13:54] {Threei} pugilism (pyj-lzm)

[13:54] {Threei} n.

[13:54] {Threei} The skill, practice, and sport of fighting with the fists; boxing.

[13:54] {dptl} ty :)

[13:55] {Threei} not when it comes to sophisticated multi-level and mutli-dimensional swearing, nemo

[13:55] {nemo} huh?

[13:55] {Threei} English is a kindergarten affair in that department

[13:56] {Threei} Long Setup: FAS

[13:56] {nemo} I don't know about that, we have the same words, and when I worked with the military, I met some true scatologically profane artists

[13:56] {Threei} crap

[13:56] {Threei} to late

[13:57] {nemo} truly

[13:57] {Threei} trust me... not even in the same city as Russian, let alone vicinity

[13:57] {Les} cool. would like to learn that

[13:57] {Threei} ok

[13:57] {Threei} FAS

[13:57] {Threei} .01

[13:57] {Threei} if holding .95

[13:57] {Les} in

[13:57] {Threei} what in?

[13:58] {Threei} didn't cross back

[13:58] {nemo} it's Les

[13:58] {Threei} come on

[13:58] {Les} crap, thought you were in when you printed .01

[13:58] {Threei} day of talking

[13:59] {nemo} maybe fas long break of .95 high volume hammer

[13:59] {nemo} bounced right at support

[14:00] {ese} catch you all tomorrow...still long sigm

[14:00] {Threei} take care ese

[14:00] {ese} cya vad

[14:00] {RonS} cya ese

[14:05] {dino} elx stopped -.11

[14:05] {dino} cya es

[14:06] {Threei} PIMCO's Bill Gross: Greek debt restructuring likely one or two years down the road; risk is the potential domino effect - TV interview

[14:06] {nemo} 2 years....like 2012?

[14:12] {strider} WFC breaqk of .50?

[14:12] {Threei} probably

[14:13] {nemo} fas bounce around here, 200 at .73?

[14:13] {strider} missed it.

[14:13] {nemo} oh yeah, look at the capitualtion candle

[14:14] {Threei} top kill operation has began... going to take 10 to 12 hours to determine whether successful

[14:14] {nemo} capitulation

[14:17] {nemo} fas holding, but could this be a two way if it loses .79, or breaks .75?

[14:18] {Threei} I don't see it asa play either way

[14:18] {Threei} just no setup

[14:19] {nemo} well, woulda' been 1:2

[14:21] {Threei} irrelevant to me if I don't see a clear play

[14:21] {Threei} accidental (not readable in terms of my system) move can come any time in any direction and of any size

[14:23] {Threei} (CH) China reviewing EuroZone bond holdings -FT

[14:23] {Les} wow was going to suggest WFC .40 break down, but bit late to the party

[14:23] {Threei} there... short at .87 with stop at .91 would have yeiled 1: gazillion here {G}

[14:24] {Threei} no way les

[14:24] {Threei} we talked about WFC short at .50

[14:24] {Threei} that was valid play

[14:24] {Threei} now it dropped to .40 in one vertical swoop

[14:24] {Threei} why would want to enter short?

[14:25] {Threei} come on guys, what's with ignoring the spikes when considering entries?

[14:25] {Threei} yesterday it was someone on a long side

[14:25] {Threei} oh wait, it was les too

[14:26] {nemo} Oh interesting, NYC has approved the building of a mosque on the 9/11 site

[14:26] {Threei} political corretcness gone mad?

[14:26] {RonS} ...near it...and 13 stories high...

[14:27] {Threei} (CH) China's SAFE reviewing EuroZone bond holdings - FT

[14:27] {Threei} - notes that SAFE holds approx 630B in Eurozone bonds and has been meeting with foreign bankers and had voiced concern on PIIGS

[14:27] {Threei} - a representative from SAFE has refused comment

[14:27] {Threei} - highlights that analyst have noted that SAFE would rarely trim its existing holdings due quantity of new money it must invest monthly

[14:27] {RonS} lol...SAFE

[14:31] {RonS} eur/jpy re-testing lows of day...breaking 110.00

[14:32] {dino} hitk sm l .15

[14:34] {Threei} one regret is not looking into FAZ around .40

[14:34] {RonS} euro lod's

[14:34] {Threei} from 14:00 to 14:10...

[14:34] {Threei} was a good moment to start participating in downtrend

[14:40] {Threei} Lithium Batteries is a Growing Swallowing Hzard

[14:40] {Threei} Darwin... I say l'et it work

[14:40] {Threei} just protect kids

[14:41] {nemo} nah...they grow up to be morons too

[14:41] {Threei} the rest can swallow batteries all they want as far as I am concerned

[14:41] {Threei} well, give them a chance

[14:41] {Threei} if they grow up as morons, they will swallow those same batteries

[14:41] {nemo} just look at the parents

[14:43] {nemo} possible DB fas?

[14:43] {dino} some day we'll run on batteries

[14:44] {dino} gap fill coming

[14:44] {Threei} I came up with the next big headline: Producing more batteries and diseeminating them freely is looked at as a method of increase of the average level of intelligence

[14:44] {Les} hmm

[14:45] {strider} and encourage the use of the buzzword "leadhead".

[14:45] {Les} could be on to something there

[14:46] {Threei} selling feels far from over

[14:46] {Threei} not liking that FAS idea nemo

[14:47] {Les} no db for fas?

[14:47] {nemo} nope

[14:47] {Les} death it is...

[14:48] {dino} ndx filled

[14:49] {dino} back in 15, prepare for market drop

[14:50] {Threei} Long Setup: FAS .80 break

[14:50] {Threei} stop under .75

[14:50] {nemo} .80???????

[14:50] {Les} ?

[14:50] {Les} faz

[14:50] {strider} what?

[14:50] {nemo} you mean faz

[14:50] {Les} ?

[14:50] {Threei} FAz

[14:50] {Threei} grr

[14:50] {Threei} sorry

[14:51] {Threei} crap, 1:1

06[14:51] * nemo slaps Threei around a bit with a large heavy something

[14:51] {dptl} sorry??lol

[14:51] {nemo} sorry?

[14:51] {nemo} good point dp...you don't have to send him vodka now, but I still expect mine

[14:51] {dptl} lol....

[14:52] {nemo} frickin' nimrod

[14:52] {nemo} not smart...another cup of coffee with chocolate

[14:52] {Threei} probably reversal time

[14:53] {Threei} not taking FAZ again

[14:53] {Threei} watching WFC for bounce instead

[14:53] {Threei} .30 break if holding .20

[14:53] {Les} grabbed .04 of faz

[14:53] {nemo} of what?

[14:54] {nemo} you mean fas?

[14:54] {nemo} no

[14:54] {nemo} .04 of what?

[14:54] {Threei} APOL Weakness attributed to circulation of document dated 5/24 from US Dept of Education on review of serious concerns about the Higher Learning Commision

[14:54] {Les} it's bloody written there ya frickin sheila!

[14:54] {nemo} oh .04 profit

[14:55] {Threei} ashes of dawg knowk in les's heart?

[14:55] {Threei} knock

[14:55] {Les} only when Nemo speaks vad

[14:55] {Threei} oh

[14:55] {Threei} understandable them

[14:55] {Threei} then

[14:55] {Threei} Long Setup: WFC .25 break

[14:55] {Threei} if holding .20 for scalpers

[14:55] {Threei} .15 for day traders

[14:57] {Threei} 1:1 for scalpers

[14:57] {magoo} keep calling them boss, im still RED

[14:57] {Threei} sheesh... dp the second

[14:57] {dptl} out 1:1 ty

[14:58] {Threei} they dig themselves a hole, I must dig them out, lol

[15:00] {dino} last try micc sm l .24

[15:01] {Threei} 1:1 for day traders

[15:01] {Threei} like fish in a barrel

[15:01] {Les} yeh getting the hang of laser. grabs shares quick. not too shabby

[15:02] {magoo} quit brahggin and keep shooting HE HE

[15:02] {dino} back in 10

[15:02] {Threei} no kidding? not much slower than IB?

[15:02] {nemo} ow

[15:02] {Threei} lol mags

[15:02] {Threei} let me enjoy the 30 seconds of self-directed limelight

[15:02] {Les} IB wasn't bad perse vad

[15:03] {nemo} quit while you're behind Les

[15:03] {Les} ok

[15:03] {Threei} lol

[15:04] {nemo} 5 year auction had record percentage taken by direct bidders....not good

[15:06] {nemo} fas an faz bounced right at the trend lines

[15:07] {Threei} FAS, I'd be delighted by drop under .30 for recross

[15:07] {nemo} don't think so

[15:08] {Threei} ok... .35?

[15:08] {nemo} works for me

[15:08] {Threei} here we go

[15:08] {nemo} then again selling is picking up

[15:08] {nemo} nice

[15:08] {Threei} don't care

[15:08] {Threei} .32 in, .42 out

[15:09] {Threei} faster than I could say mama

[15:09] {nemo} The vadster strikes

[15:09] {Threei} like young pioneer in USSR, "Always ready"

[15:10] {Threei} this time should dive deepr

[15:10] {nemo} you mousing, or hot keys

[15:10] {nemo} ?

[15:10] {Threei} mouse

[15:10] {Threei} but my way is:

[15:10] {RonS} ...w/ the way he types?...lol

[15:10] {Threei} I have .35 in price window

[15:11] {Threei} rofl Ron, good point

[15:11] {Threei} and I use it on both sides

[15:11] {Threei} click buy when price is .31

[15:11] {Threei} click sell when price is .43

[15:11] {nemo} ahhhhhhhhhhhhhhhhh

[15:11] {nemo} so your order gets pushed to the front

[15:11] {Threei} why change it to exact price?

[15:11] {Threei} of course

[15:12] {nemo} no flies on you

[15:12] {Threei} when you understand how roouting works, you can do it efficiently

[15:12] {dptl} i do the same

[15:12] {nemo} so even though your sell order is .35 when the price is in the .40's you get that

[15:13] {strider} how is that different from using market order?

[15:13] {nemo} dp, all I care about is the money in my paypal account for the vodka

[15:13] {larisa} you are protected by .35 :) can not go lower

[15:13] {nemo} affects the rebate probably

[15:13] {Threei} strider, just limits the amount you are willing to chase to

[15:13] {Threei} imagine:

[15:13] {Threei} stock is at .31

[15:13] {Threei} you click buy right when for somereason offers disappear

[15:14] {Threei} market order may get you in too far up,

[15:14] {Threei} while limit .35 limits the amount of chasing

[15:14] {strider} what about the exit?

[15:15] {Threei} I simply do not bother with changing prices when I do this kind of rapid trading

[15:15] {Threei} nor changing buttons

[15:15] {Threei} I usually sell into strength

[15:16] {Threei} so I don't normally run a risk of chasing too far down

[15:17] {Threei} not sure about another round here

[15:17] {Threei} a bit too nervous tgrading

[15:24] {nemo} fas just about to hit closing price

[15:24] {nemo} gap fill....as dino woul say

[15:24] {Threei} yup

[15:25] {nemo} bounce?

[15:25] {Threei} no setup for one

[15:25] {nemo} nope

[15:25] {nemo} lotta' volume coming in though

[15:26] {Threei} this is not your usual selling

[15:26] {dino} what the

[15:26] {Threei} no bounce play in plans for me

[15:27] {dino} s/p filled

[15:27] {nemo} under 10k

[15:27] {Threei} looks nasty

[15:27] {Threei} no news

[15:27] {nemo} wow

[15:28] {Threei} [15:26] {Threei} this is not your usual selling

[15:28] {Threei} stay away

[15:28] {nemo} so...we gonna' start talking about the fas/faz cross?

[15:28] {Threei} this can end in huge selloff of huge bounce

[15:28] {Threei} no way to tell

[15:32] {dino} last hour craziness, sheesh

[15:33] {Les} so when we talk about gap fills

[15:34] {Les} we talking about the gap this morn?

[15:35] {dino} we filled

[15:35] {Les} ok, so a gap fill can be as quick as one session

[15:37] {dino} yes, just a simple fill, no matter how long

[15:38] {dino} gut says up

[15:39] {dino} dwa sm l .19

[15:40] {nemo} shrek hasn't gone so well

[15:41] {nemo} so does faz bounce at it's close or keep going down

[15:41] {Threei} I have no faintest clue

[15:41] {nemo} use the force

[15:42] {nemo} throw some chicken bones

[15:42] {dino} yoda says...lol

[15:42] {Threei} can't... colonel Sanders dropped by yesterday, no leftovers after that guy

[15:43] {nemo} I remember when that guy was alive

[15:44] {Les} I only remember when they wiped his face of restaurant logo

[15:44] {nemo} yeah...KFC

[15:44] {patience} you should see how well KFC is doing in china, on every corner, packed with huge lineups

[15:44] {patience} it is 'the' place to be with younger people

[15:44] {dino} yum brands

[15:45] {nemo} yep

[15:45] {Les} I can imagine that patience

[15:45] {Les} remember once scratching my throat with chicken bone in Rangoon

[15:45] {Les} thought it was lodged and was panicking

[15:46] {Les} shit, military state and looking for a hospital

[15:46] {Les} nice people though. worked out fine

[15:46] {patience} we should buy surveiollance camera stocks

[15:47] {patience} i was in remote areas, in the mountainhs 10 kilometres from tibet

[15:47] {patience} there were cameras there, amazing

[15:47] {dino} out dwa .25, +.06

[15:47] {Les} get rid of military govt, and I will push missus to live here:

[15:47] {Les} http://www.fotolibra.com/gallery/23691/myanmar-bagan-1/like/

[15:49] {dino} this market is like trading a week in a day

[15:52] {Les} I see time is up

[15:52] {Les} outta here. c u's tomorrow

[15:53] {RonS} c use tues. gotta go to hi for a graduation.

[15:53] {nemo} Have to go to Hawaii...what a bitch

[15:53] {RonS} somebody has to do it

[15:54] {Threei} lol

[15:54] {Threei} take care Ron

[15:55] {dptl} have a good evening all...see ya tomorrow

[15:57] {Threei} take care dp

[15:59] {nemo} gonna' end near the lows

[15:59] {dino} cya ron, dp

[15:59] {dino} les

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {larisa} bye all

[16:06] {dino} gn all