Aug 31 2010

Not bad, not jubilant... just as this whole month has been.

Session Time: Tue Aug 31 00:00:00 2010
[08:37] {magoo} d;kl;O'CKJO:jlo
[08:38] {dino} gm all
[08:39] {Threei}  good morning
[08:43] {magoo} VAD, DCC
[08:51] {ese} morning
[08:52] {dino} :D
[08:53] {Threei}  ese :)
[08:53] {ese} got stopped out in mon yesterday.-25
[08:53] {ese} daaaaaaaaaa
[08:54] {ese} we'll make up for it today
[08:54] {ese} anything on anyones radar
[08:55] {dino} dgit, fdx, itri, pru, whr, cbht
[08:55] {dino} looking at last weeks support on them, tend to "pulp" trade
[08:55] {ese} pulp trade.....now theres a term i haven't heard
[08:56] {Threei}  DGIT is certainly one of interest
[08:56] {magoo} costanza "pulp"
[08:56] {dino} seinfeld; costanzza, "pulp moves baby"
[08:57] {ese} funny
[08:58] {ese} for short vad
[09:00] {Threei}  (US) June S&P/Case-Shiller Composite 20 Y/Y: 4.23% v 3.5%e; Home Price Index: v 146.43
[09:00] {Threei}  huh
[09:01] {ese} so prices have gone up then?
[09:02] {Threei}  Home Price Index: 147.97 v 146.47 Prior
[09:02] {Threei}  - Prior Composite-20 revised from 4.61% to 4.64%
[09:05] {nemo} euro/yen shooting up
[09:17] {dino} .
[09:24] {Threei}  SLW 52 week highs
[09:26] {Threei}  (CA) Canada's Fin Min Flaherty: GDP numbers show country's economy is on the right path
[09:26] {jfjf64} mornin
[09:26] {Threei}  jf :)
[09:32] {Threei} Long Setup:  CAT  .15
[09:32] {Threei}  half lot
[09:32] {Threei}  if stays above 64
[09:33] {Threei}  1:1
[09:33] {ese} missed it ...couldn't get to the screen fast enough
[09:34] {ese} nice one vad
[09:34] {magoo} was nice, i missed too
[09:34] {Threei} Long Setup:  RIMM  45 crossafter pullback under it
[09:34] {magoo} went for it tho
[09:34] {Threei}  if holding .90
[09:35] {nemo} too fast
[09:35] {Threei}  no pullback
[09:35] {Threei}  turns into short play actually
[09:35] {nemo} going to .50
[09:36] {Threei} Short Setup: RIMM  .30 break
[09:37] {magoo} gotta be fast, i suk
[09:37] {Threei}  same setup
[09:37] {Threei}  stop new high
[09:38] {Threei} Long Setup:  CAT  64 break
[09:39] {nemo} too fast
[09:39] {Threei}  1:1... sigh
[09:39] {magoo} in
[09:41] {dino} mon
[09:42] {nemo} yeah, misse the break below 53.50
[09:43] {Threei}  1:2 CAT
[09:44] {Threei}  1:3... mags, be reasonable
[09:44] {magoo} out .37 ty :)
06[09:44] * Threei slaps magoo around a bit with a large demand to take profit
[09:44] {Threei}  whew
[09:44] {nemo} rimm rinse
[09:44] {nemo} big time
[09:44] {magoo} yeah, its fast
[09:44] {Threei}  you'll give me a heart attack one day
[09:44] {dino} gj
[09:45] {magoo} lvs holds well
[09:45] {magoo} numbers coming
[09:45] {Threei}  *(US) AUG CHICAGO PURCHASING MANAGERS: 56.7 V 57.0E
[09:45] {Threei}  not bad
[09:45] {Threei}  RIMM
[09:45] {Threei}  bounce
[09:46] {dino} fdx sm l /60
[09:46] {Threei}  45 cross
[09:47] {Threei}  spiked over 1:1 too fast
[09:47] {Threei}  LVS explosion
[09:48] {Threei}  (US) Preview: Aug Consumer Confidence due out at 10:00ET
[09:48] {nemo} mon support
[09:49] {jfjf64} dog  w flies
[09:49] {dino} you mean fleas
[09:49] {jfjf64} y
[09:50] {dino} lol
[09:50] {ese} fdx....nice
[09:51] {dino} ty stop to .40
[09:53] {dino} stopped fdx .40, +.80
[09:53] {Threei}  wow RIMM
[09:53] {nemo} yeah
[09:54] {ese} count me in on the wow....even after the repreive in India
[09:54] {nemo} android and Iphone killing it
[09:54] {nemo} rimm=palm
[09:55] {Threei}  .40 break
[09:55] {Threei}  half lot
[09:55] {Threei}  risky as hell
[09:55] {Threei}  .25 support
[09:56] {Threei}  should be good for .65 at least
[09:56] {Threei}  invalidated
[09:56] {Threei}  shrug
[09:57] {dino} atlas
[09:57] {jfjf64} it a dog  careful
[09:58] {Threei}  3 min till numbers
[09:58] {nemo} no real support rim until below 42  s3 support 43.67
[09:59] {dino} msft should buy it
[10:00] {Threei}  *(US) AUG CONSUMER CONFIDENCE: 53.5 V 50.7E
[10:04] {nemo} wow fcx
[10:06] {dino} turnaround tuesday
[10:06] {Threei}  X pullback
[10:09] {Threei}  too fast for alert... had .20 cross in mind
[10:10] {Threei}  unhinged rally
[10:11] {dino} itri hl l .49
[10:11] {ese} what does that o mean vad?  unhinged
[10:12] {Threei}  Synonyms: bananas, batty, berserk, bonkers*, confused, crazed, crazy*, deranged, disturbed, insane, loopy, lunatic, mad, maniac, manic, mental*, out of one's mind, out to lunch, touched*, unbalanced
[10:14] {ese} ok...explains it perfectly
[10:14] {nemo} just think about you ese
[10:16] {ese} ahhhhhhhh now i get it
[10:16] {Threei} Short Setup: X  .50 break
[10:17] {Threei}  ugh
[10:17] {Threei}  ok, again
[10:17] {Threei}  half lot
[10:17] {Threei}  if stays under .65
[10:18] {Threei}  1:1
[10:18] {Threei}  finally something catchable
[10:30] {Threei}  anyone's breathing?
[10:30] {Threei}  TSLA Telsa Roadster to get clean vehicle subsidy in Japan - Nikkei
[10:32] {Threei}  - NYSE volume 205M shares, about 10% below its three-month average; advancers lead decliners by 2.1:1.
[10:32] {Threei}  - NASDAQ volume 410M shares, about 11% below its three-month average; advancers lead decliners by 1.5:1.
[10:34] {dino} ges off of .51 l
[10:36] {Threei}  RIMM really looks oike whole thing is unraveling
[10:37] {magoo} u see a short setup?
[10:37] {nemo} support at .67
[10:37] {Threei}  not so far
[10:37] {Threei}  what happens is,
[10:37] {Threei}  it forms long setups and fails them
[10:41] {jfjf64} x
[10:41] {jfjf64} bounce
[10:46] {jfjf64} pig
[10:47] {nemo} to what are you referring?
[10:48] {Threei} Short Setup: RIMM  .55 break
[10:48] {magoo} naz red
[10:49] {Threei}  invalidated
[10:49] {Threei}  (FR) France's CGT union confirms participation in a Sept 7 strike over pension reform
[10:51] {Threei}  (EU) ECB sources: Concern exists on some banks' dependence on funds from the ECB; will delay exit from measures due to US and EMU perhiphery states concerns
[11:00] {dino} dgit l .90
[11:00] {magoo} size?
[11:01] {jfjf64} rimm looks  lower
[11:01] {dino} 800
[11:02] {nemo} except it's already at S3 pivot support
[11:02] {jfjf64} free fallin
[11:02] {jfjf64} lol
[11:03] {nemo} .62 key level
[11:03] {jfjf64} y
[11:10] {Threei}  (US) City of Harrisburg, PA officially announces it will miss a $3.3M payment on GO debt
[11:16] {magoo} read FCX vad?
[11:16] {Threei}  none... looks locked to me
[11:18] {jfjf64} time  to drink
[11:25] {ese} L fitb .90
[11:25] {nemo} quote server vad
[11:25] {magoo} 17
[11:26] {nemo} ty ...having some troubles today
[11:27] {dino} dgit to .10
[11:27] {dino} out +.20
[11:32] {jfjf64} vad  queston   scanner   chart recognition   cant  find  it
[11:32] {jfjf64} can ya email link to me
[11:33] {Threei}  it's a very old window, phased out
[11:33] {jfjf64} k
[11:34] {jfjf64} if i want to  change daily  vol  in  scans   just  edit
[11:34] {jfjf64} some  vol  very  low
[11:34] {jfjf64} for me
[11:34] {jfjf64} lol
[11:35] {jfjf64} every thing else  wd  stay  same   filters??
[11:36] {dino} hod dji. s/p
[11:37] {Threei}  yes jf
[11:38] {Threei}  just edit and save
[11:38] {jfjf64} thanks
[11:38] {jfjf64} was  just  worried  bout  other filters  ya  hv set
[11:39] {jfjf64} as  long  as  changing  daily  vol  wont effect     cool
[11:39] {jfjf64} rimm  another  breakdown??
[11:43] {Threei}  i think so
[11:43] {Threei}  jf, make sure that if you change something, save layout under sdiff name
[11:43] {Threei}  this way you can always return to opriginal one if screw up something
[11:44] {jfjf64} yup
[11:44] {jfjf64} ty
[11:46] {jfjf64} die
[11:47] {jfjf64} rimm
[11:47] {jfjf64} not ya 3i
[11:47] {jfjf64} lol
[11:47] {jfjf64} cover half
[11:48] {jfjf64} stop b/e
[11:48] {jfjf64} see what  happens
[11:49] {jfjf64} going  to  have  lunch
[11:49] {jfjf64} set  stop  manny
[11:49] {jfjf64} never  did  this
[11:50] {jfjf64} see what couple  shots in  mornin do
[11:51] {jfjf64} ahh cover  1/4 here
[11:51] {jfjf64} got  raisens
[11:51] {jfjf64} 1/4 left
[11:51] {Threei}  nice
[11:52] {jfjf64} nice  my  raisens  or  my  trade
[11:52] {jfjf64} lol
[11:58] {dino} gj
[11:59] {Threei}  75% Say Congress Should Cut Its Own Pay Until Budget is Balanced
[11:59] {Threei}  fat chance
[12:01] {dino} they should work for free. not like they are qualified to do anything right
[12:02] {Threei}  even if they work for free it's too expensive
[12:02] {Threei}  the only way to get real value out of them is to pay them so they stay home and don't do anything
[12:02] {dino} couple 21 year old business students wouldvrun it better
[12:05] {dino} dgit l .76
[12:12] {Threei}  RIMM chart changes
[12:12] {Threei}  higher lows
[12:12] {magoo} might be done selling
[12:12] {Threei}  looks like
[12:12] {Threei}  for now at least
[12:13] {Threei}  overall, there is a feeling that nemo may be righbt and there is something fundamentally broken about it
[12:13] {magoo} nemo may be righbt
[12:13] {magoo} magoo faints
[12:13] {Threei}  fainbts?
[12:25] {jfjf64} what  happen  rimm
[12:25] {Threei}  what do you mean?
[12:26] {jfjf64} went  to  lunch  with  my  stop  b/e .30
[12:26] {jfjf64} good  thing only  1/4 piece
[12:27] {jfjf64} kapech
[12:34] {dino} aye cap'n
[12:39] {dino} dgit to .97
[12:39] {dino} tighten to .99
[12:40] {Threei}  nice one
[12:40] {dino} ty
[12:42] {dino} stopped .99, +.23
[12:43] {Threei}  (US) White House Econ Advisor: US cannot afford to extend tax cuts for high income individuals, would set "dangerous precident"
[12:43] {Threei}  - Notes that a short-term extension would encourage a longer extension of the cuts.
[12:45] {dino} tax and spend
[12:46] {Threei}  that wouldn't be half as bad
[12:46] {Threei}  what we have is overtax and overspend
[12:50] {dino} itri hod
[12:51] {dino} slow
[13:17] {nemo} fcx
[13:17] {nemo} sorry
[13:31] {ese} .  I am not
[13:31] {ese} I'm lurking.......and watching fitb
[13:39] {dino} .
[13:43] {nemo} mmhhhh...the moron can't spell either
[13:43] {Threei}  who?
[13:43] {Threei}  I don't know why all of a sudden you decided to pick on us morons
[13:44] {nemo} no...the whitehouse advisor "precident"
[13:45] {Threei}  normally these things get ciorrected on wire within a min or two, this one still stays
[13:45] {Threei}  mosy of them are caused by voice-recognition software
[13:45] {Threei}  (US) Preview: Minutes of the Aug 10 FOMC meeting due out at 14:00ET
[13:45] {Threei}  **REMINDER: at that meeting the FOMC held rates at 0.25% again and maintained its "extended period" lanugage, and also announced plans to maintain the size of the balance sheet by investing maturing MBS funds into US Treasuries. The vote was 9-1, with Hoenig again dissenting against the "extended period" lanugage and against the decision to maintain the size of the balance sheet.
[13:45] {Threei}  **Focus today will be on the FOMC's discussion of various policy alternatives that could be implemented if the econom falls off again, and on the level of contention among the committee members.
[13:47] {ese} thought nemo was talking about my spelling for a minute......cool...escaped his wrath once again
[13:47] {ese} nuttin feels gooder
[14:01] {Threei}  *(US) MINUTES OF THE 8/10 FOMC MEETING: SAW RISK OF AUGUST DECISION SENDING WRONG SIGNALS; RISK OF DEFLATIONS SMALL; FED SHOULD PLAN FOR MORE EASING IF NECESSARY
[14:14] {Threei} Long Setup:  RIMM  .50 break
[14:15] {nemo} check out agu too vad
[14:16] {nemo} nevermind, unless this is a stop slam
[14:22] {Threei}  dunno where this selling came from
[14:22] {Threei}  invalidated RIMM of course'
[14:58] {dino} cramer getting depressed in his writings. usually bounce indicator
[15:03] {Threei}  JPMorgan Chase and Co Reportedly planning to close all prop desk operations, starting with 20 person commodity prop desk in London
[15:03] {Threei}  - REMINDER: speculation has circulated since the passing of the FinReg bill that Wall Street banks would reorganize their prop desk operations in order to accomodate the Volcker rule.
[15:03] {Threei}  so, what's the catch?
[15:04] {Threei}  it's not like banks will cease all prop trading
[15:06] {Threei} Short Setup: RIMM  43 break
[15:13] {Threei}  1:1
[15:28] {dino} mco
[15:28] {Threei}  1:2
[15:30] {nemo} in cree 21
[15:30] {nemo} .21
[15:30] {nemo} 1/2 out .32
[15:30] {Threei}  nice
[15:31] {Threei}  1:3, out
[15:33] {nemo} last half .52
[15:33] {dino} wtg
[15:33] {nemo} ty
[15:33] {nemo} almost even for the day
[15:33] {dino} was ooking at it, but chickened out
[15:33] {nemo} YOU?
[15:34] {dino} yeah, saw veco down w/it
[15:46] {dino} ppt holding 1039
[15:47] {magoo} u think?
[15:49] {dino} dk
[15:50] {dino} odd bounce tho
[15:50] {Threei}  just nervous thin market
[15:50] {Threei}  no one knows what's next
[15:51] {dino} like walking on thin ice
[15:55] {Threei}  thank you all
[15:55] {Threei}  have a good evening, see you tomorrow
[15:55] {dino} cya

Aug 30 2010

Still inactive but profitable day as all calls worked nicely.

Session Time: Mon Aug 30 00:00:00 2010
[07:11] {magoo} morning
[08:44] {strider} HPQ
[08:47] {magoo} seems extroordinarily slow out there
[08:49] {Threei}  morning
[08:49] {Threei}  last week of slow
[08:49] {Threei}  should be a litle faster than before though
[08:53] {dino} gm all
[08:53] {Threei}  dino :)
[08:54] {dino} gm
[08:56] {strider} morning everyone.
[08:56] {Threei}  strider :)
[08:56] {strider} :)
[08:57] {nemo} :)
[08:58] {strider} howdy nemo
[09:03] {dino} dgit, seems friday leaked
[09:05] {jfjf64} mornin
[09:06] {Threei}  jf :)
[09:07] {ese} gm
[09:07] {Threei}  ese :)
[09:10] {ese} anything new and exciting
[09:11] {Threei}  sirloin tip is on 70% sale
[09:11] {ese} that is exciting
[09:12] {dino} indeed
[09:12] {ese} where
[09:12] {Threei}  unless you are a vegetarian...
[09:12] {Threei}  Save-On-Foods
[09:17] {ese} BP.UK British Petroleum plc Reportedly an internal BP report of Deepwater Horizon incident finds engineers misread pressure test results before explosion ....so much for the engineering degree and all the math you do to get it
[09:17] {nemo} sounds like CYABS to me
[09:18] {ese} i give up....whats that
[09:18] {nemo} Cover Your Ass Bull Shit
[09:18] {Threei}  - Reportedly the report, which has not been publicly released, shows that on April 20th BP employees on the Transocean rig misinterpreted a pressure test that showed an impending blowout. As a result the BP employees decided to replace drilling fluid with seawater, which was not heavy enough to tamp down the natural gas that was building up in the well. BP plans to publicly release the report within the next two weeks.
[09:19] {ese} lol
[09:21] {Threei}  RIMM Indian official confirms 60 days extension to reveiw BlackBerry access
[09:28] {ese} how bout dgit dino
[09:28] {nemo} wow took another header
[09:29] {dino} watching, see above, fridasy leak
[09:29] {ese} -6.14 so far....buyback but guided lower
[09:29] {dino} gut says 17 area
[09:30] {dino} big miss
[09:30] {nemo} I've got 17 support dino
[09:31] {dino} see it
[09:31] {dino} ty
[09:31] {nemo} it's an area, so start looking there
[09:32] {dino} -3 on fri
[09:32] {Threei} Long Setup:  RIMM  .10 break
[09:32] {Threei}  half lot
[09:32] {Threei}  if stays above .95
[09:34] {Threei}  invalidated
[09:36] {magoo} my god DGIT
[09:36] {Threei}  not done selling yet, IMO
[09:36] {ese} with ya on that one mags
[09:37] {nemo} 16.39 low of this support area then 15.20 or so
[09:39] {dino} brutal
[09:41] {magoo} is it avail short?
[09:41] {nemo} yes
[09:41] {nemo} I got rinsed
[09:41] {magoo} not that i like the idea
[09:41] {Threei}  yes mags
[09:42] {Threei}  AMR Hearing vague chatter a Sovereign Wealth fund could seek a large stake in the company (6.22, +0.18, 2.98%)
[09:45] {ese} L sm mon .66
[09:45] {ese} sorry 1/2
[09:48] {Threei}  DGIT Hearing Oppenheimed defending the stock (timing uncertain) (16.68, -7.86, -32.03%)
[09:48] {magoo} another pllbk to .30 would be beautiful
[09:49] {magoo} although, scary still
[09:49] {Threei} Short Setup: RIMM  .70 break half lot if stays under .80
[09:51] {Threei}  not a scalp for me if works
[09:52] {Threei}  1:1
[09:52] {Threei}  1:2
[09:53] {Threei}  1:3, out
[09:53] {nemo} ty
[09:53] {jfjf64} nice
[09:53] {jfjf64} ty
[09:54] {Threei}  welcome guys
[09:54] {magoo} out .45 TY
[09:54] {Threei}  :)
[09:55] {dino}  veco l ,40
[09:55] {magoo} any read CAT boss
[09:55] {Threei}  not really
[09:59] {Threei}  DGIT
[09:59] {Threei}  can't confidently call exact entry but feels like found the bottom
[10:00] {nemo} in .58
[10:00] {nemo} half out .67
[10:00] {magoo} nice entry
[10:00] {ese} nice one nemo
[10:01] {nemo} unfortunately I'm not wearing underwear
[10:01] {magoo} pull-up?
[10:01] {Threei}  later on when market activity dies, want to tell you what kind of signs I am looking for and hpoing to trade when market gets out of summer slumber
[10:05] {Threei}  DGIT is martching on
[10:05] {Threei}  1/4 more out here nemo
[10:06] {Threei}  and see if it can't break 17 for you
[10:07] {dino} veco out .93, +.53
[10:08] {Threei}  nice
[10:09] {dino} ty
[10:11] {Threei}  Intrade pay-to-play prediction markets are now showing a 76 percent chance of a GOP House takeover in November, along with a 60 percent probability that Republicans will capture at least seven new Senate seats.
[10:15] {Threei}  (US) Preview: Aug Dallas Fed Manufacturing due out at 10:30ET
[10:16] {Threei}  **Consensus expectation: -10%e v -21% prior
[10:16] {Threei}  - Prior reading of -21% was worst since July 2009.
[10:18] {Threei}  INTC...
[10:18] {Threei}  18 break is tempting
[10:22] {Threei} Short Setup: RIMM  .40 break
[10:23] {nemo} vmw short?
[10:23] {Threei}  if stays under .55, RIMM
[10:23] {Threei}  don't know VMW
[10:25] {Threei} Short Setup: RIMM  .50 break
[10:25] {Threei}  if stays under .60
[10:27] {Threei}  *(US) DALLAS FED MANUFACTURIG ACTIVITY: -13.5% V -10%E
[10:31] {Threei}  1:1 is close enough, cover half
[10:32] {Threei}  stop to above .50
[10:34] {dino}  dgit l .90
[10:34] {ese} stopped mon .29 -.35 1/2 lot
[10:35] {Threei}  Market Internals update at 10:30ET
[10:35] {Threei}  - NYSE volume 140M shares, about 40% below its three-month average; decliners lead advancers by 2.4:1.
[10:35] {Threei}  - NASDAQ volume 350M shares, about 24% below its three-month average; decliners lead advancers by 2.3:1.
[10:35] {Threei}  - VIX index +4% to just above 25.00
[10:37] {dino} dgit stopped-.11
[10:37] {ese} am gonna go with ya dino but am waiting for .00
[10:37] {nemo} or buy in around .70
[10:38] {nemo} ooohhh baby
[10:38] {nemo} bidu might be IH&S forming
[10:40] {nemo} nope
[10:44] {ese} something up with airlines
[10:44] {ese} amr uaua dal....all started up
[10:45] {ese} cal also
[10:48] {strider} FOSL
[10:48] {nemo} stop talking about yourself like that strider
[10:49] {Threei}  DGIT Discloses terminated credit agreement; expects Q3 charge - filing dated 8/30
[10:51] {ese} L mon .36
[10:51] {dino} dgit l .65
[10:52] {Threei}  ENER Hearing strength attributed to chatter of possible large contract win (4.23, +0.10, 2.42%)
[10:58] {dino} dgit stopped again -.17
[10:59] {nemo} don't buy breaks imo until later this afternoon
[11:00] {Threei}  I concur
[11:01] {nemo} got nice volume on that hammer candle higher probability area to buy
[11:02] {Threei}  If see the break - ignore it, and peace of mind will be granted to thee
[11:02] {ese} would agree bought  mon on a break of last fridays high and it pulled back on me
[11:02] {dino} wait for db
[11:06] {nemo} bidu db
[11:15] {nemo} probbly bounce around .40
[11:17] {ese} L mon avg .41
[11:18] {dino} cree
[11:19] {dino} .02 l
[11:20] {nemo} dgit found the bottom
[11:29] {nemo} bidu at pivot, might be a scalp around here
[11:29] {nemo} in .42
[11:30] {nemo} 1/2 out .52
[11:30] {nemo} all out
[11:30] {magoo} oh..hmm.i took with ya
[11:30] {nemo} I got raisins for nads right now
[11:31] {magoo} i thought high .90
[11:31] {nemo} I'm just scalpin' right now mags
[11:38] {magoo} rimm stronger than mkt
[11:45] {Threei}  (US) Reportedly Obama Administration to propose new rules on car fuel economy claims that will reflect the vehicle's environmental impact (related F GM TM HMC )
[11:46] {Threei}  (US) President Obama to sign executive order imposing more financial sanctions on North Korea
[11:46] {Threei}  - Order would freeze assets of firms that trade with North Korea in arms, currency, and luxury goods.
[11:58] {Threei}  feels like RIMM is preparing for a run
[11:58] {dino}     veco l .50
[12:07] {nemo} .45 area big level for dgit
[12:27] {magoo} can dgit launch vad?
[12:27] {Threei}  it did twice and fizzled out... maybe third time is charm
[12:35] {Threei}  pullback
[12:36] {nemo} yeah, that .45 level
[12:36] {Threei}  I think worth a try on .50 recross
[12:39] {Threei}  I'd keep a very tight stop, under that .45
[12:51] {ese} hey all gota go.....catch you all tomorow.....still lon mon +.16 so far on 1500 shs
[12:51] {Threei}  take care ese
[12:51] {ese} see you tomorrow vad am preping for the start of school next week
[12:53] {dino} cya es
[13:12] {dino}  out cree .28, +.25
[13:17] {Threei}  guess who decided to appear on TV
[13:17] {magoo} ralph nader
[13:18] {dino} humpty dumpty
[13:18] {Threei}  you wish
[13:18] {Threei}  actually...
[13:18] {Threei}  last suggestion makes sense
[13:18] {dino} yeah, it is broken
[13:20] {Threei}  (US) President Obama: Calls for an extension of middle class tax cut and congress to pass a bill aimed at small business
[13:21] {dino} bill to what, crush them more
[13:23] {Threei}  fear not dino:"
[13:23] {Threei}  _ Economic team is still working on "additional measures" to help boost the economy.
[13:23] {Threei}  there
[13:24] {Threei}  that should do it
[13:24] {dino} "shrug"
[13:28] {Threei}  hmmm
[13:28] {dino} new lows
[13:28] {Threei}  market wasn't impressed
[13:30] {dino} never is
[13:32] {Threei}  can't even begin to imagine why
[13:34] {dino} he's jimmy carter all over again
[13:35] {Threei}  I haven't lived here during his times, but I hear this comparison from great many
[13:35] {dino} big downer
[13:37] {dino} jcg l .48
[13:40] {Threei}  (US) Fed's Bullard: New financial resolution authority will not be credible until it is put to the test; unclear whether that can occur before the next crisis happens
[13:40] {Threei}  hey, they are already planning for the next crisis
[13:41] {Threei}  as if we found our way out of this one
[13:41] {Threei}  that's what I call advanced planning
[13:41] {Threei}  we all count 3 moves ahead, Feds being grandmasters they are - 5
[13:42] {dino} thought the geniuses said this would protect us from crises
[13:42] {dino} all they needed to do was enforce the old rules
[13:43] {Threei}  well, they also assume we are so stupid that we will find the way to launch new crisis, even with all heir great protection
[13:44] {dino} htch
[13:45] {dino} dgit lod
[13:47] {dino} lowest vol. of year
[13:49] {Threei}  really?
[13:57] {dino} yes
[14:00] {Threei}  Market Internals update at 14:00ET
[14:00] {Threei}  - NYSE volume 375M shares, about 37% below its three-month average; decliners lead advancers by 2.7:1.
[14:00] {Threei}  - NASDAQ volume 940M shares, about 24% below its three-month average; decliners lead advancers by 2.7:1.
[14:08] {Threei}  RIMM strength is intriguing
[14:10] {magoo} dgit lost 16
[14:10] {Threei}  talk about oversold gets oversolder, eh?
[14:11] {magoo} or the ole its gotta bounce
[14:11] {Threei}  uhhu... aka "it can't possibly go any lower"
[14:12] {Threei}  aka "if it was good at 25, it must be even better at 15"
[14:12] {Threei}  aka "I'll just put it in long term account"
[14:13] {magoo} good one
[14:13] {Threei}  aka "they won't get it from this cheap"
[14:13] {Threei}  from me
[14:23] {Threei}  be back in 20
[14:37] {Threei}  mmm... back
[14:37] {dino}    .
[14:38] {Threei}  (US) Fed's Bullard: Regulatory changes are far from complete; including those for GSEs (related FNMA XLF FMCC )
[14:38] {Threei}  you don't say
[14:51] {dino}  ges l .45
[14:54] {dino} dgit oww
[14:55] {dino} opened around 27 fi.
[14:55] {dino} fri.
[15:01] {Threei}  http://caracommunity.com/sites/default/files/dgit_daily.jpg
[15:02] {magoo} dino, how many shares GES?
[15:03] {nemo} VMW might be worth watching
[15:04] {dino} fl, stop is .34
[15:08] {dino} stopped
[15:09] {Threei}  watching DGIT for signs of snapback
[15:11] {nemo} oy...next support I have for dgit under this is around 12.50
[15:11] {dino} magoo, just fired up old router
[15:16] {dino} pretty brital for 10% mi8ss
[15:27] {magoo} i see it works fine now lol
[15:27] {jfjf64} back  all
[15:27] {nemo} oh joy
[15:27] {jfjf64} did i miss much
[15:27] {jfjf64} lol
[15:27] {nemo} nope
[15:29] {Threei}  AONE...
[15:30] {Threei}  this is interesting
[15:30] {dino} it's fine, logged off netbook
[15:31] {Threei}  Market Internals update at 15:30ET
[15:31] {Threei}  - NYSE volume 505M shares, about 37% below its three-month average; decliners lead advancers by 3.1:1.
[15:31] {Threei}  - NASDAQ volume 1.23B shares, about 25% below its three-month average; decliners lead advancers by 3.3:1.
[15:33] {jfjf64} vad just srarted using intelliscan is it possible to link into my platform im using   cybertrader     charles swarb
[15:33] {Threei}  should be
[15:33] {Threei}  try usual linking
[15:34] {Threei}  doubleclick on any line in alert window
[15:34] {Threei}  window will appear with crosshair
[15:34] {Threei}  grab it with your mouse, drag and drop into window you want to link
[15:34] {Threei}  it should change quote to that name in the alert
[15:35] {Threei}  ever since till the end of the day any doubleclick should send the alert to that same window
[15:36] {jfjf64} wow
[15:37] {jfjf64} it worked
[15:37] {jfjf64} good stuff
[15:37] {Threei}  lol... you sound surprised
[15:37] {jfjf64} will it save it   or  do i hv  to change  everyday
[15:40] {Threei}  this linking must be establishged every day
[15:40] {jfjf64} ty
[15:41] {Threei}  the rest of your layout - just save it manually if you change something, to make sure you don't have to change it again
[15:41] {jfjf64} can be put into more then  1 spot
[15:41] {Threei}  no
[15:41] {Threei}  but if your software allows internal linking, it will work
[15:42] {Threei}  i.e, if you can link Level2, T&S and chart,
[15:42] {Threei}  and link scanner to one of them,
[15:42] {Threei}  all three will change
[15:42] {Threei}  this is what we do with Laser
[15:42] {dino} chbt blood
[15:42] {jfjf64} yup
[15:43] {jfjf64} ahhh  nice  nice
[15:43] {jfjf64} going  to  look  into  laser
[15:44] {jfjf64} psa  c/h
[15:44] {Threei}  careful... it can be blinding
[15:44] {jfjf64} ??
[15:44] {Threei}  laser... look into it...
[15:44] {jfjf64} laser
[15:44] {Threei}  wake up man
[15:44] {jfjf64} or  psa
[15:44] {jfjf64} ahh
[15:44] {jfjf64} lol
[15:44] {Threei}  on second though... 15 min left, why wake up
[15:44] {Threei}  go back to sleep :)
[15:44] {jfjf64} ty
[15:45] {Threei}  DGIT
[15:45] {Threei}  if you want to try it for eod snapback, .30 break
[15:45] {Threei}  if holdng .20
[15:45] {Threei}  be warned, it's 50/50
[15:45] {Threei}  if loses .20, recross
[15:46] {jfjf64} game on
[15:58] {Threei}  dog with fleas
[15:58] {jfjf64} yuk
[15:59] {dino} tomorrow it bounces
[16:00] {Threei}  thank you all, not bad day actually
[16:00] {Threei}  inactive, granted, but trades worked
[16:01] {Threei}  have a good evening, see you tomorrow

Aug 27 2010

Session Time: Fri Aug 27 00:00:00 2010
[08:02] {magoo} morninjk comrades
[08:23] {Threei}  yawn... good morning
[08:23] {jfjf64} mornin
[08:23] {magoo} so what happened after i left? mkts stall and fall?
[08:23] {Threei}  yes
[08:23] {magoo} u assuming its good :)
[08:24] {Threei}  we got nice short on FCX
[08:24] {magoo} sell into bell vad}?
[08:24] {magoo} ah
[08:24] {magoo} nice
[08:25] {Threei}  then tried TNA long and overtightened stop by a few cents, darn thing went up without us
[08:25] {jfjf64} lookin fcx  where was entry
[08:25] {Threei}  worked on pullback entry though
[08:25] {jfjf64} 67.95 area
[08:25] {magoo} funny, son rammed something down his cast to scratch itch week ago, doc had to cut a "window" in cast to retrieve it
[08:26] {Threei}  14:31] {Threei} Short Setup: FCX .50 break
[08:26] {jfjf64} ahh  nice
[08:26] {magoo} what were the final index numbers at close?
[08:27] {magoo} how red?
[08:27] {Threei}  you really want to make me work this early, don't you
[08:28] {jfjf64} funny
[08:28] {jfjf64} we be  flyin   more  coffee
[08:28] {jfjf64} pls
[08:29] {Threei}  Let me show you how to fish instead
[08:29] {jfjf64} quick  question   neww monitors  what index  good to  keep  eye on
[08:30] {dino} gm all
[08:30] {Threei}  dino :)
[08:30] {jfjf64} dino
[08:30] {Threei}  1. pick the index for which you want to get close number
[08:30] {Threei}  2. type it in the daily chart window
[08:30] {Threei}  3. gently hit Enter
[08:31] {dino} jf, dji, ndx, s&p
[08:31] {Threei}  3. point your cursor at the yesterday's candle
[08:31] {Threei}  that was 4
[08:31] {Threei}  5. depress left button of your mouse
[08:31] {jfjf64} hv tem up  dino  ty
[08:32] {Threei}  6. in the pop-up black window read the number corresponding with line Close
[08:32] {Threei}  Voila!
[08:32] {dino} 1.6% gdp
[08:32] {jfjf64} btk    sox    good to  keepeye on
[08:32] {Threei}  now you are all grown-up and know how to find the closing number... my work is done, I am going to monastery
[08:32] {magoo} seems awefully complicated he he
[08:33] {Threei}  I know... welcome to adult life - it sucks
[08:37] {Threei}  *(US) Q2 PRELIMINARY GDP PRICE INDEX: 1.9% V 1.8%E; CORE PCE Q/Q: 1.1% V 1.1%E
[08:37] {Threei}  *(US) Q2 PRELIMINARY GDP Q/Q ANNUALIZED: 1.6% V 1.4%E; PERSONAL CONSUMPTION: 2.0% V 1.6%E (related SPY EUR/USD TLT USO IYM USD/JPY )
[08:50] {dino} .
[08:50] {dino} .
[08:50] {dino} .
[08:51] {magoo} FIRE news?
[08:51] {Threei}  ARST Multiple bidders looking at acquiring the company above $40/shr of $1.5B - WSJ citing sources (33.48, +5.25, 18.60%) (related FIRE BCSI HPQ ORCL IBM EMC )
[08:52] {Threei}  look at ARST run yesterday
[08:52] {Threei}  dino would be all over it with shorting
[08:52] {Threei}  even I dipped toes
[08:52] {Threei}  so enticing it was
[08:53] {dino} shorted fire off it at 3:40 yesterday
[08:53] {dino} can't borrow arst
[08:55] {nemo} we can borrow arst
[08:55] {dino} i can't
[08:55] {magoo} who u xcallin an arse?
[08:55] {nemo} sucks being you
[08:55] {dino} laser better there
[08:56] {dino} magoo, still on netbook, ugh, fred stopping in this afternoon
[08:57] {magoo} sheesh, really shocked
[08:57] {dino} sucks
[08:57] {magoo} cable to cable should have been real simple
[08:57] {dino} router issues
[08:58] {dino} plus, i have to wear baseball cap in a.m., sunshine killing my eys
[08:58] {dino} eyes
[08:58] {magoo} stick pillows in window
[08:58] {dino} blinds not helping much
[08:59] {dino} ahh the life of a daytrader
[09:00] {Threei}  lol
[09:00] {magoo} im trading from the best deer tand ever, , from my seat i overlook those fiekls
[09:01] {nemo} cool
[09:01] {dino} can you shoot your bow thru window
06[09:02] * nemo slaps dino around a bit with a large bottle of dominant buck urine
[09:03] {magoo} shit, gonna shoot my rifles, no kidding
[09:03] {nemo} use bonded bullets through glass
[09:03] {magoo} im just gonna open the window nemo, seems easier
[09:05] {dino} yuk nemo
[09:07] {ese} yo ho ho and a bottle of rum
[09:09] {Threei}  ese :)
[09:10] {ese} mornin vad
[09:11] {dino} it is friday, es, so why not
[09:11] {ese} yup
[09:11] {strider} morning everyone.
[09:12] {nemo} yeah, I'm finishing off a bottle of Byrd Chardonnay
[09:12] {ese} it'll be a glass of wine or 2 this evening for sure
[09:12] {jfjf64} ditto
[09:13] {Threei}  strider :)
[09:13] {jfjf64} my worse week trading
[09:13] {magoo} watched pirate of the car-rib-bean last nite
[09:13] {nemo} well...if it's wine, it's at least a bottle or two
[09:13] {strider} :)
[09:13] {ese} then 4 glasses of wine....double it
[09:13] {jfjf64} yup
[09:14] {jfjf64} but as always  lookin  at  trades  that i  made  wernt  set ups   trying  to make somethin thats  not  there
[09:14] {ese} ya mags....I enjoyed that movie
[09:14] {dino} imgn, jcg
[09:15] {jfjf64} imgn
[09:15] {magoo} u stll got hot hand dino?
[09:16] {dino} yesterday down a little
[09:16] {Threei}  IMGN
[09:16] {Threei}  ROG.SZ Genentech unit discloses FDA issued a Refuse to File letter for accelerated approval of T-DM1 BLA
[09:16] {Threei}  Cancels FY11 guidance due to impact of Genentech's FDA Refuse to File letter related to T-DM1
[09:16] {Threei}  - The financial guidance provided for its fiscal year 2011 on August 4, 2010, is no longer valid due to the impact of Genentechs receipt of the RTF letter and that updated guidance is being developed and will be provided at a future date.
[09:17] {ese} Aug 27 8:44am: U.S. stock futures popped Friday as investors digested a better-than-expected downward revision of second-quarter economic growth. T
[09:17] {ese} how bout this one " better than expected downward revision
[09:18] {Threei}  it's less worse than we were afraid it would
[09:18] {ese} lol
[09:18] {dino} can you say "spin"
[09:18] {Threei}  too bad they don't have revision of revision
[09:19] {ese} i know
[09:19] {Threei}  then we would get: it turned out to be less less worse
[09:19] {ese} unreal
[09:19] {Threei}  which is more like more worse
[09:19] {dino} or better than worse
[09:20] {dino} in any case, feels like yesterday
[09:20] {dino} deja vue all over again
[09:20] {ese} better than a better worse....yet not as worse as less worse
[09:22] {jfjf64} oh  boy
[09:22] {jfjf64} lol ese
[09:23] {jfjf64} sndk
[09:23] {jfjf64} ignore
[09:23] {ese} when does Bernackers speak?
[09:23] {nemo} 10
[09:23] {Threei}  which is much less worse thasn more of the better than worst,which in turn is far from best
[09:23] {nemo} ese...maybe you should stop trading and start drinking now
[09:24] {jfjf64} lets  get  some trades  off  and  all drink
[09:24] {ese} ok....you win vad.....thats easily the best description
[09:24] {ese} definitely nemo
[09:25] {dino} good attitude jf
[09:25] {dino} par spike over 30
[09:25] {ese} ya but would that be better or worse for us jf
[09:25] {dino} hp revises bid to 30
[09:29] {jfjf64} little  vodka is much worse  then more vodka  better then worst  voka  which in turn is far  from the  best voka
[09:29] {jfjf64} say  that  5  times
[09:29] {nemo} no
[09:29] {jfjf64} lol
[09:29] {jfjf64} 1  min
[09:29] {jfjf64} lets go
[09:29] {Threei}  alcohol in small doses is harmless in any amounts
[09:29] {ese} i'm with nemo....forget that
[09:30] {ese} thats a medical fact
[09:30] {nemo} you mean in any number of doses?
[09:30] {nemo} wow, stop killer in arst
[09:30] {Threei}  IMGN is shorttabl;e
[09:31] {Threei}  let's see if we get a bounce to short
[09:32] {Threei} Short Setup: LVS  .40 break
[09:33] {magoo} missed
[09:33] {nemo} me too
[09:33] {Threei}  IMGN no bounce so far
[09:35] {Threei}  LVS 1:1 who got it on second chance
[09:35] {Threei}  1:2
[09:35] {jfjf64} ty
[09:35] {jfjf64} +20 cents
[09:35] {Threei}  IMGN is toothache in the heart
[09:36] {Threei}  nice jf
[09:36] {jfjf64} 2nd chance
[09:36] {jfjf64} ya still in
[09:36] {Threei}  no
[09:36] {Threei}  covered half and half
[09:37] {jfjf64} ouch
[09:39] {Threei}  awww
[09:39] {Threei}  crying bitterly
[09:39] {magoo} me too, missed both
[09:39] {Threei}  RBC needs some math lessons
[09:39] {dino} wsm sm l .00
[09:39] {Threei}  aryphmetics even
[09:39] {Threei}  IMGN UPDATE: RBC Cuts IMGN to Sector Perform from Outperform, price target: $7
[09:40] {magoo} RIMM vad
[09:42] {Threei}  doesn't look bounce ready to me
[09:42] {nemo} what was your first clue
[09:44] {Threei}  (US) Preview: August Final University of Michigan Confidence Index due out at 09:55ET
[09:44] {Threei}  (US) Preview: Fed Chairman Bernanke to discuss the economic outlook and Fed's policy response at Jackson Hole symposium at 10:00ET
[09:44] {Threei}  - There will be a prepared text, but no Q&A after the speech.
[09:44] {Threei}  - In recent days economic commentators have been urging Bernanke to give more explicit details of what future measures might be taken if the economy continues to deteriorate, though the Jackson Hole symposium is not normally a venue for policy statements. Its likely Bernanke will use the speech to explain the Fed's decision to restart a limited quantitative easing program at the last FOMC meeting, elaborate on the remaining policy options to address further economic weakness, and update the outlook for growth and inflation given the context of recent weaker data.
[09:48] {Threei} Short Setup: RIMM  .90 break
[09:48] {Threei}  half lot
[09:49] {Threei}  stop is so self-explanatory that I won't insult your intelligenece by naming it
[09:49] {magoo} wheres stop vad lol
06[09:49] * Threei slaps magoo around a bit with a large dose of intelligenece in the bottle
[09:50] {magoo} cant get the cap off
[09:50] {nemo} better back up the truck
[09:50] {nemo} tanker truck that is
[09:50] {Threei}  that's childproof bottle
[09:51] {dino} skx sm l .65
[09:52] {dino} itri spike thin
[09:52] {dino} cree, veco, led lighting works
[09:52] {nemo} arst fell off the cliff
[09:52] {dino} fdx
[09:53] {Threei}  1:1
[09:53] {jfjf64} ty
[09:54] {jfjf64} fdx
[09:55] {Threei}  *(US) AUG FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 68.9 V 69.6E
[09:55] {Threei}  - 1 yr median inflation expectations at 2.7% v 2.7% July final.
[09:55] {Threei}  - 5 yr median inflation expectations at 2.8% v 2.9% July final.
[09:56] {dino} fdx sm l .20
[09:57] {dino} oh mann
[09:57] {Threei}  1:2
[09:57] {Threei}  out in full .65
[09:57] {magoo} futes got corked dino
[09:58] {Threei}  feels like I'll be crying again
[09:58] {dino} yeah, need to watch clock better
[09:58] {Threei}  yup
[09:58] {Threei}  INTC *GUIDES Q3 LOWER (18.17, -0.01, -0.06%)
[09:58] {Threei}  ooohhhh
[09:58] {Threei}  what a punch in solar plexus
[09:59] {Threei}  Guides Q3 R$10.8-11.2B v $11.52Be; cites weaker than expected demand for consumer demands
[10:00] {dino} halted
[10:00] {Threei}  *(US) FED'S BERNANKE: FOMC IS PREPARED TO PROVIDE MORE SUPPORT IF NEEDED, WILL DO ALL IT CAN TO ENSURE RECOVERY (related SPY SHY TLT EUR/USD USD/JPY GBP/USD USD/CAD USO )
[10:00] {dino} chaos
[10:01] {ese} yaaaaa!!!!! thqts there jobs ...what the hell else is new
[10:03] {jfjf64} shhoott me   rimm
[10:03] {dino} whoosh down coming
[10:04] {magoo} if IF mkts bounce i like CAT, opinion vasd?
[10:04] {Threei}  I can't see the chart, my eyes are full of tears
[10:04] {magoo} me too
[10:04] {jfjf64} rimm tears
[10:04] {Threei}  yes, those
[10:04] {Threei}  but yes
[10:05] {Threei}  CAT is one of better bounce candidates
[10:05] {dino} dji, ndx broke wed lod, s/p no
[10:06] {dino} markets have lost faith in bernie/obama team
[10:06] {jfjf64} think
[10:07] {ese} well....bernackers sure did alot to alay any fears investors might have don't you think
[10:07] {jfjf64} barnie/bobo
[10:07] {jfjf64} we dont  hv a chance
[10:08] {jfjf64} new low  sp
[10:08] {magoo} be buying porshe if we were shor
[10:08] {nemo} important spy level here
[10:09] {jfjf64} y
[10:09] {dino} skx stopped -.30
[10:09] {dino} wsm stopped -.27
[10:09] {dino} sm l whr .21
[10:09] {nemo} arst pushing for new high
[10:09] {dino} horses arst
[10:09] {Threei}  CAT nice bounce
[10:10] {Threei}  much better than SPY
[10:12] {dino} hmmm, bit of panic and bounce
[10:13] {dino} ovti sm l .10
[10:13] {jfjf64} not real   move   idiots
[10:14] {jfjf64} spy  copitulation bounce 1 min
[10:15] {nemo} yeah off the 105 level
[10:15] {jfjf64} 105.30
[10:16] {jfjf64} cd of sold into push
[10:16] {nemo} sorry what am I looking at 104.30
[10:16] {magoo} man, missed LVS bounce from .77
[10:16] {magoo} CAT for point
[10:16] {magoo} I SUK
[10:17] {jfjf64} tough
[10:17] {dino} nice
[10:18] {jfjf64} look intc
[10:18] {jfjf64} never does that
[10:18] {ese} my level 2 quotes are way out of wack....ask prices are way behing bid
[10:19] {ese} anyone else in that boat
[10:19] {nemo} I'd rather swim with the sharks than be in a boat with you ese
[10:19] {nemo} sorry
[10:19] {nemo} didn't mean it
[10:19] {nemo} was just there
[10:19] {nemo} you know me
[10:20] {nemo} now Les on the other hand...
[10:20] {dino} out whr .91, +.70
[10:20] {ese} ha ha ....ha ha
[10:20] {ese} god will get ya for that
[10:20] {jfjf64} nice dino
[10:20] {nemo} I'm not going in that direction ese
[10:22] {dino} ty
[10:22] {ese} lol
[10:24] {dino} intc green
[10:25] {nemo} might have dt tna
[10:26] {nemo} nope
[10:28] {ese} no place to get in on anything
[10:34] {dino} ovti to flat
[10:34] {Threei}  INTC is coming into bounce territory
[10:34] {dino} bad entry
[10:35] {dino} out ovti
[10:35] {dino} better entry around .80 imo
[10:36] {jfjf64} .15
[10:36] {Threei}  .10 - .15 should be in for INTC
[10:36] {nemo} trading in arst slowed to a crawl
[10:37] {dino} guts poker pot arst
[10:37] {nemo} big seller arca on arst
[10:37] {nemo} look at all the sales on arca
[10:39] {Threei}  lol, bouce off .13
[10:39] {Threei}  how's that for accuracy
[10:39] {ese} L adsk .83
[10:42] {jfjf64} IN.19
[10:43] {jfjf64} HALF OUT
[10:43] {ese} out adsk .92 +.09
[10:43] {jfjf64} stop b/e
[10:43] {dino} nz
[10:44] {dino} sm s .90
[10:45] {jfjf64} lvs
[10:45] {jfjf64} ignore
[10:47] {magoo} short on FCX vad?
[10:47] {jfjf64} out intc
[10:47] {Threei}  I think ao
[10:48] {dino} nz bstop is .02
[10:51] {jfjf64} ba  short
[10:53] {jfjf64} .50 break
[10:55] {dino} cree sm s .00
[10:56] {jfjf64} comon  ba   dieeeeeeeeeeeeeeeeeeeeeeeee
[10:57] {ese} ouuuuuuu i like the look of cree dino.....in .90
[10:59] {dino} time will tell
[10:59] {jfjf64} half out ba
[10:59] {Threei} Short Setup: FCX  .30 break
[10:59] {Threei}  stop above .40
[11:00] {ese} in no time did you say
[11:00] {dino} cree stopped -.16
[11:04] {Threei}  no go
[11:05] {dino} ctrp sm l .50
[11:07] {jfjf64} enjoy  weekend all
[11:07] {jfjf64} ty 3i
[11:07] {Threei}  yake care jf... but rally starts
[11:08] {jfjf64} twist  my  arm
[11:08] {Threei}  lol
[11:08] {jfjf64} rimm c/h
[11:10] {jfjf64} quick 100 bucks
[11:10] {dino} nz stopped -.12
[11:10] {jfjf64} see ya  twist  my  arm
[11:10] {jfjf64} ty
[11:10] {Threei}  lol jf
[11:11] {Threei}  that was a good twist
[11:11] {dino} out ctrp .90, +.40
[11:11] {jfjf64} nice dino
[11:12] {ese} out cree.62 +.72 1/2 lot
[11:13] {dino} gj
[11:13] {ese} tk you for the stock]
[11:14] {jfjf64} fcx  strong
[11:16] {nemo} 106.60 should be resistance for spy
[11:17] {dino} jcg l .24
[11:28] {magoo} vad, u thinking shorts or buy pllbks?
[11:28] {dino} mcrs
[11:29] {nemo} mags just a thought...with spy between here and .60 it might be no-man's land
[11:29] {Threei}  really can't tell... longs so far seem to be better idea
[11:30] {dino} stop jcg -.10
[11:30] {dino} ]itri giddy-up
[11:31] {magoo} u in it?
[11:31] {dino} y
[11:32] {dino} .51
[11:41] {dino} out itri .00, +.49
[11:42] {dino} tricked me
[11:44] {nemo} EOSFLT
[11:45] {ese} huh
[11:46] {nemo} End Of Summer Friday Lunch Time
[11:46] {ese} ahhhhhh
[11:47] {dino} mmmmmmmm
[11:57] {ese} guk guk guk guk......guk guk guk.......head back...bottom of the bottle pointing to the sky...does this resemble your drinking habits?.........if so this qualifies you to be present at vad's shiskabob party next summer
[11:59] {Threei}  lol
[11:59] {dino} jcg l .13
[12:06] {dino} jcg stopped again, -.14
[12:06] {dino} done w/it
[12:06] {ese} good enough excuse to start drinkin
[12:07] {dino} not yet
[12:07] {magoo} any beer in fridge dino?
[12:08] {dino} only twelve pack, have to hit distributor
[12:09] {dino} roof on porch at cabin today, just got call
[12:18] {dino}  magoo dcc
[12:19] {magoo} there
[12:20] {ese} L adsk .94 L mrvl .56 L gild .55
[12:37] {lasertrev} hey all
[12:37] {nemo} well, look what the cat drug in
[12:37] {Threei}  hey trev
[12:38] {lasertrev} thats a warm welcome nemo, ty
[12:38] {nemo} for me it is
[12:38] {lasertrev} lol
[12:38] {Threei}  yeah, consider the source
[12:39] {nemo} easy...I'm in a delicate emotional state
[12:39] {lasertrev} meds run out?
[12:39] {Threei}  twice
[12:39] {nemo} booze
[12:40] {nemo} I'm working on Gran Marnier
[12:40] {nemo} switching alcohols takes adjustment
[12:40] {lasertrev} uh i see, that stuff is nasty
[12:40] {nemo} you ever had the 100 year old stuff...silk
[12:40] {lasertrev} jagermister all gone i gues
[12:41] {nemo} I'm not a schnapps fan...never liked it when I lived in Germany
[12:41] {nemo} ever had Stroh's rum?  That'll put hair on your palms
[12:41] {lasertrev} no, good?
[12:42] {nemo} 190 proof
[12:42] {lasertrev} speaking of hairy palms, les around?
[12:43] {nemo} nice one
[12:43] {nemo} after september 1st
[12:43] {lasertrev} ok
[12:43] {nemo} his knuckles are skinned too
[12:43] {lasertrev} :)
[12:44] {nemo} scary to think he has offspring
[12:44] {dino} sm s itri .97
[13:00] {dino}  ges lod
[13:17] {magoo} .
[13:17] {Threei} Short Setup: FCX  .95 break
[13:18] {magoo} YESSSSSSSSSSSSSSSS
[13:18] {magoo} hes alive :)
[13:18] {Threei}  sheesh
[13:18] {Threei}  lol
[13:18] {magoo} how about RIMM too vad?
[13:18] {Threei}  sure
[13:18] {Threei}  46 break
[13:19] {Threei}  FCX stop above .05
[13:19] {Threei}  maybe a bit too tight but not qilling to give it too much room
[13:19] {Threei}  willing too
[13:20] {magoo} im thinking .50 area
[13:20] {Threei}  if SPY loses 106, peobably
[13:22] {Threei}  holding nicely, jusy needs market to reverse back down
[13:22] {Threei}  then lose 106 and woosh
[13:24] {Threei}  RIMM isinvalidated
[13:24] {Threei}  but FCX is very unwilling to bounce
[13:25] {magoo} keep eye LVS short, u hhave 3
[13:28] {Threei}  market doesn't seem to cooperate
[13:28] {magoo} yea..otjherwise
[13:29] {Threei}  ok
[13:29] {Threei}  no means no
[13:29] {Threei}  that was a good candidate
[13:42] {dino} .
[13:48] {dino} what say we go negative today?
[13:48] {Threei}  no eay
[13:48] {Threei}  way
[13:53] {dino} way!
[13:53] {dino} you forget i'm 3 hrs ahead
[13:53] {Threei}  even with that
[13:53] {Threei}  I'll eat my keyboard
[13:56] {magoo} and poop out the keys like corn
[14:04] {magoo} ive been making $$ doing both ways on your call boss, as in stopped FCX but then long, out .87
[14:06] {Threei}  cool
[14:07] {dino} bstop itri -.18
[14:08] {magoo} no comment on the corn huh?
[14:08] {magoo} :)
[14:09] {Threei}  well... I figured I'll just let you know if and when that occurs
[14:10] {magoo} u wont edit that will ya?
[14:12] {ese} out adsk .36 +.41
[14:15] {magoo} what u in dino?
[14:15] {Threei}  edit?
[14:15] {Threei}  no way
[14:16] {dino} gj
[14:19] {dino} nada
[14:21] {dino} searching, went for lift missed ges
[14:25] {ese} out mrvl .66 +.09
[14:30] {dino} nz?
06[14:34] * nemo slaps lasertrev around a bit with a large trout
[14:35] {dino} dgit
[14:40] {ese} L gild .40 avg .48
[14:45] {nemo} dino, dgit has pivot support possibly down to 24.21
[14:46] {dino} thx nemo, keeps bouncing around .92
[14:47] {nemo} bounced at daily support
[14:51] {dino} nz hl s .50
[14:55] {dino} dgit broke
[14:55] {nemo} yep
[14:59] {dino} nz bstop to flat, stuck
[15:00] {nemo} looks like dgit might want that .21
[15:02] {magoo} LVS rolled some
[15:02] {dino} cov nz .20, +.30
[15:02] {nemo} next stop would be 23.32 on dgit
[15:05] {dino} tough crowd
[15:05] {magoo} oh sorry
06[15:05] * magoo slaps dino around a bit with a large trout
[15:05] {nemo} big battle here for dgit
[15:05] {Threei}  lol
[15:05] {dino} lol
[15:06] {nemo} missed the drop under .19
[15:07] {magoo} nice read tho
[15:07] {nemo} ty
[15:09] {dino} you guys in it?
[15:09] {magoo} na
[15:09] {nemo} no, I have to keep running back and forth
[15:09] {nemo} it loses this, goes to 23.40 or so
[15:11] {magoo} wish i was
[15:11] {dino} any news dgit?
[15:11] {ese} outta here for the weekend.....still long gild and am gonna hold onto it
[15:11] {ese} cya
[15:11] {Threei}  take care ese
[15:12] {Threei}  I don't see any for DGIT
[15:12] {dino} cya es
[15:22] {dino} hmmm, monday gaps stillpen, 10174 dji, 1808 ndx, 1067 s/p
[15:23] {nemo} dgit running into pivot resistance @.21
[15:29] {dino} dgit .30 l
[15:42] {dino} i froze it
[15:44] {nemo} spy has to close the gap to 107.10
[15:47] {dino} out dgit .42, +.12
[15:49] {Threei}  BETTER THAN POKE IN THE EYE
[15:49] {Threei}  oops
[15:50] {dino} indeed
[15:51] {Threei}  ok guys, lwet's have a great relaxing weekend
[15:51] {Threei}  see you all on Monday
[15:52] {magoo} u 2 boss

Aug 26 2010

Session Time: Thu Aug 26 00:00:00 2010
[08:04] {magoo} morning:)
[08:28] {Threei}  looks like
[08:28] {Threei}  (US) Commerce Sec: Planning for stronger import duty policies on 'non market economies' similar to that of China
[08:28] {Threei}  what about China itself?
[08:28] {Threei}  (US) Preview: Weekly Initial Jobless Claims due at 08:30 ET (12:30 GMT)
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 473K V 490KE; CONTINUING CLAIMS: 4.456M V 4.495ME
[08:34] {magoo} LVS
[08:34] {Threei}  mirrors the market
[08:36] {nemo} Good morning gentlemen....!
[08:44] {magoo} vad, anty news RIG BP?
[08:44] {Threei}  nemo :)
[08:45] {Threei}  BP.UK PetroChina says in talks with BP regarding jvs in the area of refining (related PTR )
[08:45] {Threei}  RIG Blowout preventer related to the BP Gulf of Mexico oil spill did not face the recertification process in 2005 - Press
[08:55] {Threei}  market reaction on "good" job numbers seems especially ironic in light of this:
[08:55] {Threei}  - Prior initial claims revised higher from 500K to 504K
[08:55] {Threei}  - Prior continuing claims higher from 4.478M to 4.518M
[08:55] {Threei}  - 4-week average for claims at 487K v 483K
[09:00] {dino} gm all
[09:01] {strider} morning everyone.
[09:01] {Threei}  dino, strider :)
[09:01] {strider} gap up day......not good, dino.
[09:01] {nemo} ;)
[09:01] {dino} yeah
[09:02] {strider} Vad, you think a really big capitulation day would be enough to find a bottom?
[09:03] {nemo} this isn't a true gap up day though, the pre market and aftermarket from yesterday were real close, then the fake job news...more of a flat day
[09:03] {Threei}  sorry, I don't know how to answer that... too many hypoteticals
[09:03] {Threei}  maybe we already found it?
[09:03] {strider} k
[09:03] {Threei}  bottoms can be formed in many ways
[09:03] {Threei}  capitulation is one of them
[09:04] {dino} wear you out
[09:04] {strider} I'm just hearing lots of news about investors pulling back out of market....lots of pessimism.
[09:04] {Threei}  well... abundance of bad news - isn't it a traditional backdrop for market reversal?
[09:04] {Threei}  this is how masses get duped
[09:05] {Threei}  everything and everyone says "this is it, world ends tomorrow",
[09:05] {strider} yep
[09:05] {Threei}  and market rallies for the next 14 month
[09:05] {nemo} I don't...2012
[09:05] {Threei}  starting March 2009 {G}
[09:06] {Threei}  just think of everything that we were told during those 14 months
[09:06] {Threei}  fake rally
[09:06] {Threei}  economy is off a cliff
[09:06] {Threei}  reversal is immionent
[09:06] {Threei}  don't get lured into longs
[09:06] {Threei}  sell everything
[09:06] {Threei}  short everything
[09:07] {Threei}  imagine what would happen to your portfolio should you go with that
[09:07] {Threei}  total and unavoidable destruction
[09:07] {Threei}  oh and btw,
[09:08] {Threei}  do you know what those who stubbornly shirted the hell out of market over those 14 months said and continue saying to rationalize their demise?
[09:08] {Threei}  what's their magic word?
[09:08] {strider} market is wrong.
[09:08] {ese} morning
[09:08] {Threei}  ese :)
[09:09] {Threei}  "MANIPULATION!"
[09:09] {ese} what do you mean st
[09:09] {strider} in context of discussion with vad, ese.
[09:09] {nemo} PPT!
[09:10] {magoo} piss poor trading??
[09:10] {Threei}  lol
06[09:10] * Threei slaps magoo around a bit with a large award for the best abbreviation decoding of the day
[09:11] {magoo} well, even cramers thrown in the towel last few days, very neg for him
[09:11] {nemo} Plunge Protection Team
[09:13] {strider} Reminds me of an old girlfriend--psychiatric evaluator in public health--who had a favorite diagnosis of presenting patients:  PPP.
[09:13] {strider} piss-poor protoplasm.
[09:19] {dino} gaps above, 10174, 1808, 1067
[09:25] {Threei}  working scenario is so far, sharp retreat followed by recovery and slow creep=up
[09:28] {magoo} as in, open drop? then bounce?
[09:28] {Threei}  yeah
[09:28] {Threei}  minus first minutes of unpredictable volatility
[09:31] {magoo} CAT pllbk
[09:31] {Threei}  aside of usual suspects, keeping an eye on XHB
[09:32] {dino} fdx
[09:32] {Threei}  see the daily?
[09:32] {dino} sm l .65
[09:32] {Threei} Short Setup: LVS  29 break
[09:32] {Threei}  if stays under .10
[09:34] {Threei}  1:1
[09:35] {magoo} out .89 tyt
[09:35] {Threei}  1:2
[09:35] {magoo} sigh
[09:35] {gregns} ty
[09:36] {Threei}  out in full
[09:36] {magoo} bee missing my ching lately so scalped
[09:36] {Threei}  not feeling confident about more
[09:36] {Threei}  whew
[09:36] {Threei}  timely out
[09:37] {Threei} Long Setup:  XHB  .50 break
[09:37] {magoo} is this all day ?
[09:37] {magoo} not for me?
[09:37] {Threei}  most likely
[09:37] {Threei}  slow one
[09:40] {nemo} understatement
[09:41] {Threei} Long Setup:  LVS  29 break
[09:41] {Threei}  not a scalp
[09:42] {Threei}  if stays above .90 or .85 depending on your intentions and risk tolerance
[09:43] {Threei}  my personal plan:
[09:43] {Threei}  half out above .10
[09:43] {Threei}  on spike after break
[09:43] {Threei}  then adjusting as we go
[09:43] {Threei}  IF we go
[09:43] {Threei}  lol
[09:44] {jfjf64} hey
[09:44] {Threei}  XHB stop is obvious
[09:44] {Threei}  half out .14
[09:45] {Threei}  stop to .95
[09:48] {Threei}  next partial is above .20 for LVS
[09:48] {dino} out fdx .05,
[09:48] {dino} +.40
[09:48] {Threei}  note how well it held during market pullback
[09:48] {gregns} yes
[09:49] {jfjf64} we move stop up boss
[09:50] {Threei}  fopr me, .95 for now, next trail after new high
[09:50] {jfjf64} .05
[09:50] {jfjf64} k
[09:52] {dino} lod
[09:52] {Threei}  market slips more
[09:53] {Threei}  XHB stopped
[09:58] {dino}  v sm l .00
[09:58] {Threei}  (US) Preview: Q2 Mortgage Delinquencies due out at 10:))ET
[09:58] {Threei}  **no estimates, prior reading (Q1) was 10.06%, a record highs in 30 years of data.
[10:00] {Threei}  *(US) Q2 MORTGAGE DELINQUENCIES: 9.85% V 10.06% PRIOR (Q1)
[10:00] {Threei}  BA Mortgages in foreclosure at 4.57% v 4.63% q/q
[10:00] {Threei}  ugh
[10:01] {Threei}  LVS second half shakeout
[10:01] {jfjf64} yup
[10:01] {jfjf64} grrr
[10:02] {Threei}  caught pullback at 13 , too fast...
[10:02] {Threei}  scalp only though
[10:03] {jfjf64} sold into vol spike
[10:03] {jfjf64} ??
[10:04] {Threei}  .21
[10:04] {jfjf64} spy  movin
[10:04] {jfjf64} test high day
[10:05] {Threei} Long Setup:  RIMM  .60 break
[10:05] {Threei}  stop under .45
[10:05] {Threei}  no go
[10:05] {Threei}  wow LVS
[10:05] {dino} ges
[10:06] {magoo} out LVS .27 ty
[10:06] {magoo} took recross
[10:06] {Threei}  RIMM, .40 cross
[10:06] {Threei}  if holdong .30
[10:08] {Threei}  HGSI Hearing renewed takeover chatter circulating (28.45, +0.56, 2.01%) (related GSK )
[10:10] {strider} rimm rinse
[10:10] {Threei}  toughie today
[10:10] {nemo} almost
[10:10] {strider} went to .27
[10:10] {nemo} rinse is when it clears 1:1
[10:11] {ese} L cat .47
[10:12] {ese} 1/2 out .60 +.13
[10:13] {ese} stop balance .60
[10:14] {ese} stopped remaining .60 +.13
[10:14] {dino} v to b/e
[10:14] {ese} tks
[10:15] {magoo} FCX playing vad
[10:15] {dino} call drop again
[10:16] {dino} out v flat
[10:19] {ese} lol   your post dino was v to break even......I though your were saying to me  way to be....duhhhhh
[10:19] {ese} well......i was thanking myself anyway
[10:20] {jfjf64} bp  5 min  chart
[10:20] {dino} lol
[10:25] {dino} ges sm l .05
[10:32] {Threei}  POT
[10:32] {Threei}  Potash Corp. Canada Fin Min reaffirms position that BHP's bid raises national security issues
[10:32] {Threei}  - Reminder: Canada's Ministers have recently commented on the bid, noting that they would review the bid, and that any acquisition must be Canada's interest
[10:38] {jfjf64} slw  5 min
[10:45] {nemo} rimm potential DB
[10:45] {Threei} Short Setup: BP  .15
[10:45] {Threei}  if stays under .20
[10:49] {dino}   sm l call, risky
[10:49] {dino} .17
[10:50] {magoo} CAT vad, bounce off 200 here
[10:50] {Threei}  can't tell really
[10:50] {magoo} yea..mkt needs to help
[10:51] {strider} is BP stopped?
[10:51] {Threei}  why would it
[10:51] {nemo} it hit .20
[10:51] {Threei}  ?
[10:51] {nemo} you said "under"
[10:52] {strider} 10:45] {&Threei}  if stays under .20
[10:52] {nemo} saw the prints
[10:52] {Threei}  I must be in parallel universe...
[10:52] {Threei}  .20 resistance, many times tried
[10:52] {nemo} printed .20 a number of times
[10:52] {Threei}  don't we tarde these things as break of resistance?
[10:52] {Threei}  or support?
[10:53] {nemo} "under" means ,.20
[10:53] {magoo} in btw :)
[10:53] {nemo} means {.20
[10:53] {Threei}  this is standard situation we do many times a day every day,
[10:53] {Threei}  why all of a sudden it's a question?
[10:53] {Threei}  did i ever say
[10:53] {Threei}  stop is break of xxx?
[10:53] {nemo} no question, I've always done it that way
[10:53] {nemo} strider asked
[10:53] {Threei}  or is it understood bt default in case of such resistance?
[10:54] {Threei}  .20 hbigh of the day
[10:54] {Threei}  won't it be a break of it that invalidates or stops the trade?
[10:56] {Threei}  1:1
[10:58] {Threei}  1:2
[10:58] {ese} L gild sm .16  
[10:59] {ese} my scanner reports it as a double bottom dino
[10:59] {dino} gild?
[10:59] {ese} y
[11:00] {ese} looks more like reverse head and shoulders to me though
[11:00] {dino} ok
[11:03] {Threei}  1:3, out
[11:05] {dino} ges stopped -.20
[11:06] {magoo} ciovered here .95 ty vad BP
[11:06] {Threei}  welcome
[11:06] {magoo} +.21
[11:07] {dino} gj
[11:07] {gregns} X breakdown of .10 ?
[11:07] {Threei}  no
[11:08] {Threei}  dropped too fast from .20 into that support, toss-up between breakdown and bounce
[11:08] {gregns}  thanks for the explanation
[11:08] {Threei}  works in this particular case but it's not setup I'd play
[11:09] {gregns} not enough base?
[11:09] {Threei}  right
[11:16] {ese} the blahty mahket is dune lads....aye.......what is the problem
[11:23] {dino}  ges sm l .70
[11:28] {magoo} ok, i have to take my son for another leg check up, so i have to call it a day
[11:28] {magoo} ty all
[11:29] {Threei}  take care mags
[11:29] {dino} itri sm l .62
[11:30] {dino} call stopped .90 -.27
[11:36] {dino} sm l whr ,oo
[11:38] {nemo} is that oo or .00? ;)
[11:39] {dino} :P
[11:41] {Threei}  I thought it was infinity symbol
[11:42] {nemo} stop looking at the screen through the Grey Goose bottle
[11:42] {Threei}  what else is there
[11:50] {ese} somebody wake me up when we win
[11:50] {Threei}  who do we fight?
[11:51] {ese} ahhhhhhhhh
[11:51] {ese} nemo?
[11:51] {nemo} ahhhhhhhhh ese?
[11:52] {ese} lol touche
[11:52] {nemo} you want ME to wake you up....hehehehehehe
[11:52] {Threei}  SP) Weakness in EU peripheral bond market attributed to a Spanish press report about a court ruling voiding a VAT tax
[11:52] {Threei}  - El Economista reports today that a Spanish court voided 5.1B in value-added taxes collected by the govt over the last several years.
[11:52] {ese} hmmmmmmmmm
[11:53] {Threei}  how do you void already collected tax?
[11:53] {ese} i've set myself up haven't I
[11:53] {dino} stopped whr
[11:53] {Threei}  doea it mean govt has to return the money?
[11:54] {ese} ha ha ha fat chance
[12:01] {ese} zzzzzzzzzzz gaaaazert....zzzzzzgak*&^*^ smifffffff.......ah hem.......zzzzzzzzzzzzzzzzzz
[12:02] {dino} jgfjgjcvm
[12:02] {ese} ok that woke me up.....the ad at the top of mibbit....."Asian Girls For Dating"
[12:02] {ese} what kinda site is this anyway
[12:03] {Threei}  what are you complaining about, allow me to ask {G}
[12:04] {ese} funny....."still alone" ......."seek dating"............"now a serious chinese dating site for serious western gentlemen".....ha ha ha ha rotflol
[12:04] {Threei}  the variety of services is amazing
[12:04] {ese} I 'm thinking i want to buy the stock
[12:06] {Threei}  (US) Chicago Fed July Midwest Manufacturing: 81.4 v 79.6 prior (related IYM )
[12:07] {ese} rotflol........it continues..."meet Plus Size admirers!"
[12:08] {ese} ok ok ok.....i'll stop!!!!
[12:11] {ese} sorry vad....appologies......forgot you'll have alot of editing later
[12:11] {Threei}  I'll leave it all in
[12:11] {ese} lol
[12:12] {Threei}  gotta replace trades with some entertainment until after the Labor day
[12:12] {ese} I swear.....I thought that it would interest nemo yuk yuk yuk
[12:19] {Threei}  SOMX Hearing positive chatter circulating on prospects for a favorable reimbursement rate from the CMS due to safety profile (4.74, +0.40, 9.22%) (related PG )
[12:31] {Threei}  TM Issues recall on 1M Corolla units (68.81, -0.25, -0.36%)
[12:32] {Threei}  Will conduct a voluntary safety recall involving approximately 1.13 million 2005-2008 Model Year Toyota Corolla and Corolla Matrix vehicles sold in North America to address some Engine Control Modules (ECM) that may have been improperly manufactured. No other Toyota or Lexus vehicles are involved in this recall.
[12:32] {Threei}  - There are three unconfirmed accidents alleged to be related to this condition, one of which reported a minor injury.
[13:00] {dino}   out ges .90, +.20
[13:02] {ese} thats toughing it out for sure!
[13:03] {Threei}  Voters Now Trust Republicans More On All 10 Key Issues
[13:06] {i2r} Voters are weak in my opinion, don't have the stomach to trust a plan and work towards something. Changing their mind like nerveous traders do, moving from one idea to another without following through and supporting the idea properly.
[13:07] {Threei}  well, it's not like they are organized group
[13:07] {Threei}  can't work out aa plan and follow through wihout organization
[13:08] {dino} clf sm l .00
[13:45] {nemo} i2r...most people are stupid
[13:50] {Threei}  and I am lazy too
[13:53] {dino}  zzzzzzzzzzzzzzzzzz
[14:09] {dino} .
[14:10] {dino} clf stopped
[14:10] {Threei}  volume is down again with selling market
[14:11] {Threei}  Market Internals update at 14:00ET
[14:11] {Threei}  - NYSE volume 485M shares, about 18% below its three-month average; advancers lead decliners by 1.2:1.
[14:11] {Threei}  - NASDAQ volume 1.02B shares, about 18% below its three-month average; decliners lead advancers by 1.2:1.
[14:26] {nemo} liking tna break above .90 if market keeps going
[14:27] {nemo} no volume thought
[14:27] {nemo} thought
[14:28] {nemo} though
[14:31] {Threei} Short Setup: FCX  .50 break
[14:31] {Threei}  half lot
[14:35] {Threei}  .65 stop
[14:39] {Threei}  boredome trade
[14:41] {i2r} I know it's a delayed additional comment on voters switching to republicans, but in my mind that's the whole issue: instead of uniting in a thought process and being intentionally involved in supporting the plan that the president has, we, the people, indulge in wanting the cake and eat it too. What happened to supporting him by taking on action, setting up organizations or joining relevant
[14:41] {i2r} organizations that are already involved in those actions that are fulfilling on the goals that he has set out in his plan? We, the people, seem to want "them", whoever them is, to take care of everything so that our lives are better. But we ourselves often don't do much in supporting it and contributing to it.
[14:42] {nemo} bored, huh?
[14:43] {Threei}  but a lot of we the people do not agree with his course of action
[14:43] {Threei}  so they don't want to support his plan
[14:44] {Threei}  if you look at polls on (almost) all major issues, you'll find him on the opposite side of public opinion,
[14:44] {Threei}  and public more and more considers his views extreme
[14:45] {Threei}  feel free to cover FCX as you see fit
[14:46] {Threei}  I have no clear idea of further direction
[14:46] {nemo} nice
[14:46] {Threei}  I am out at .41
[14:47] {gregns} half lot on fcx due to iffy depending on market ?
[14:48] {nemo} plus fcx volatility
[14:48] {Threei}  yes
[14:49] {gregns} ty both
[14:49] {Threei}  workes nicely
[14:49] {gregns} yup
[14:57] {Threei}  wow
[14:57] {Threei}  had much more in it
[14:59] {nemo} this was bounce point on spy yesterday
[15:00] {nemo} today too I guess
[15:00] {nemo} at least for a minute or two
[15:10] {Threei} Long Setup:  TNA  .50 break
[15:10] {Threei}  if stays above .40
[15:12] {Threei}  not this time
[15:13] {Threei}  rinse?
[15:17] {Threei}  rinse
[15:17] {Threei}  got reversal right but overtightened stop
[15:26] {Threei}  should present another oportunity on the pullback around .50
[15:32] {Threei}  not this time
[15:32] {Threei}  likely to lose .50 and go lower
[15:34] {gregns} dang
[15:35] {Threei}  ARST Multiple bidders looking at acquiring the company above $40/shr - WSJ citing sources (33.48, +5.25, 18.60%)
[15:35] {Threei}  wow
[15:35] {nemo} play that vad
[15:37] {Threei}  magoo would have cried his eyes out
[15:40] {Threei}  whew
[15:40] {Threei}  shorted .39
[15:40] {Threei}  covered .04
[15:40] {Threei}  need diapers
[15:40] {nemo} don't forget the desitin
[15:41] {Threei}  awww
[15:41] {ese} well.....just logging on to log off.....
[15:41] {Threei}  covered too soon
[15:41] {ese} and i'm otta here......don't know if your getting wind were you are vad....but it disrupted my service
[15:42] {Threei}  hmmm
[15:42] {Threei}  no, not really
[15:42] {Threei}  sheesh, that was a dollar wuth change right there
[15:42] {ese} ya
[15:42] {Threei}  quiet and sunny here
[15:42] {ese} anyway ....see ya tomorrow
[15:43] {Threei}  take care ese
[15:43] {ese} cya
[15:51] {Threei}  TDC Hearing vague chatter of rebuttal of prior rumor concerning the possible appointment of former HPQ CEO Hurd to a position at Teradata (31.59, +1.92, 6.47%)
[15:53] {Threei}  TNA interesting pullback again
[15:53] {Threei}  but time is running out
[15:59] {Threei}  miserable finish
[15:59] {Threei}  got couple good trades for the eod though, so I am not as disgusted with the afternoon
[16:00] {Threei}  ok guys, thank you all
[16:00] {Threei}  see you tomorrow

Aug 25 2010

There is no confident step in the market still but things gradually improve - more winning trades, and even size of wins goes beyond scalps. Still boring but first signs of life returning in a week or two are there.

Session Time: Wed Aug 25 00:00:00 2010
[08:03] {magoo} morning
[08:04] {strider} :)
[08:04] {magoo} :)
[08:14] {magoo} question today is whether markets have priced in a BAD homes number today (assuming its bad here, how can it not be)
[08:29] {Threei}  (US) Boone Pickens: Hard to recommend oil and gas stocks with energy prices at this level - CNBC (related USO UNG )
[08:29] {Threei}  wow... that's a shocker
[08:30] {Threei}  *(US) JULY DURABLE GOODS ORDERS: 0.3% V 3.0%E; DURABLES EX TRANSPORTATION: -3.8% V 0.5%E
[08:34] {magoo} no good morning vad? lol
[08:35] {Threei}  is irt really?
[08:36] {Threei}  or do you want me to be a hypocrite and just keep ib line with that useless thing, called social etiquette?
[08:37] {Threei}  ok, that was my deepest for the day
[08:37] {Threei}  back to normal shallow self
[08:37] {Threei}  good morning!
[08:38] {Threei}  oh geat, now he won't answer me
06[08:38] * Threei slaps magoo around a bit with a large trout
[08:39] {dino} gm all
[08:39] {Threei}  dino :)
[08:39] {strider} morning everyone, dino, vad.
[08:39] {Threei}  strider :)
[08:39] {dino} :D
[08:47] {dino} veco
06[08:53] * magoo slaps Threei around a bit with a large trout
[08:53] {magoo} makin the rounds
[08:55] {Threei}  haven;t seen man making rounds and swinging trout in his hand while at it before
[08:58] {strider} Be careful.  He's probably taking names, too.
[08:59] {lilyd} good morning, I think...
[08:59] {Threei}  lily :)
[08:59] {Threei}  see, that's reasonable approach
[08:59] {Threei}  unlike magoo who just demanded that I admit it was a good morning, no matter what
[09:00] {lilyd} well, we can at least agree that it's "morning"
[09:01] {strider} wait till Les gets here.  He'll disagree.
[09:01] {magoo} GENZ nuts vad, bottoms 62.60 area, blasts off
[09:01] {nemo} well, for him it is afternoon
[09:01] {dino} magoo, gremlins still, did not fix it
[09:02] {nemo} what's happening dino
[09:02] {nemo} ?
[09:02] {magoo} really surprised dino...thought u had much better odds than me of success
[09:02] {Threei}  08:58:59
[09:02] {Threei}  Genzyme Corp Sanofi reportedly considering other options assuming deal falls through, after refusal to raise bid price for Genzyme
[09:04] {magoo} ah
[09:04] {magoo} ty vad
[09:07] {dino} router problems nemo'
[09:07] {nemo} did he switch it out?
[09:10] {dino} going direct, as w/yesterday. wireless for im
[09:11] {nemo} no problem direct to modem?
[09:12] {dino} no
[09:12] {nemo} fcx below 66 goes to about 65.13
[09:13] {Threei}  RAVN Reports Q2 $0.46 v $0.34 y/y, R$73.2M v $56.6M y/y
[09:23] {Threei}  (US) July Building Permits revised lower to -4.1% from -3.1% initial reading
[09:25] {dino} and our great leader says weekly, "moving in right direction" idiot
[09:25] {Threei}  lol
[09:28] {ese} morning
[09:28] {nemo} due
[09:28] {nemo} dude
[09:28] {ese} lol dude
[09:28] {Threei}  ese :)
[09:28] {nemo} bad "d" key
[09:30] {ese} been a slack 2 weeks in this market....I am due
[09:30] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:32] {Threei} Short Setup: BP  .35 break
[09:33] {Threei}  new high stop
[09:34] {Threei}  nope
[09:37] {dino} sm l itri .00
[09:37] {magoo} FCX lows
[09:39] {jfjf64} cat  .10  break
[09:39] {jfjf64} nope
[09:40] {dino} sm l pru .91
[09:41] {magoo} LVS
[09:41] {Threei}  (US) Preview: June and Q2 House Price Index due out at 10:00ET
[09:41] {Threei}  (US) Preview: July New home Sales due out at 10:00ET
[09:44] {Threei} Short Setup: LVS  .50 break
[09:45] {dino} pru stopped -.31
[09:46] {Threei}  cover half LVS here or take scalp, presonal choice
[09:46] {jfjf64} ty
[09:48] {magoo} out ty
[09:50] {magoo} GMCR news vad?
[09:51] {Threei}  not that I see
[09:51] {magoo} ty
[09:52] {magoo} spy testing lower support here
[09:53] {magoo} numbers at 10 a.m
[09:53] {nemo} they ain't gonna be good
[09:53] {Threei} Short Setup: RIMM  .80 break
[09:53] {Threei}  if stays under .90
[09:54] {Threei}  no go
[09:54] {Threei}  cover the rest of LVS who partialled
[09:56] {Threei}  rinse RIMM
[09:56] {magoo} ty rimm
[09:57] {magoo} out .56
[09:57] {magoo} i confess, didnt stop it
[09:57] {Threei}  out too soon LVS
[09:57] {gregns} wow , out .68 me too
[09:57] {nemo} clear the decks for the numbers
[09:57] {magoo} lets stay flat into number
[09:58] {magoo} evryone knows number bad
[09:58] {nemo} yep
[09:58] {magoo} might rally off it
[09:58] {nemo} yep
[09:58] {nemo} might not
[09:58] {magoo} priced in
06[09:58] * magoo slaps nemo around a bit with a large trout
[09:58] {magoo} been awhile lol
[09:58] {jfjf64} yup
[09:58] {nemo} nothing like a magoo bitch slap
[09:59] {magoo} cramer pumped LVS last nite
[09:59] {jfjf64} got to get bk to basic
[10:00] {Threei}  *(US) JULY NEW HOME SALES: 276K V 330KE (% M/M)
[10:00] {Threei}  - Prior revised xxx from 330K to 315K
[10:01] {Threei}  *(US) HOUSE PRICE INDEX (JUNE M/M): -0.3% V 0.1%E; (Q/Q): 0.9% V -0.4%E
[10:03] {dino} pru sm l .75
[10:04] {Threei} Long Setup:  CAT  .60 break
[10:04] {Threei}  half lot
[10:05] {Threei}  stop under .50
[10:05] {magoo} in
[10:06] {Threei}  support for day traders is .45
[10:07] {Threei}  and it has a look of 'I can do more than a scalp"
[10:07] {Threei}  scalpers got 1:1
[10:07] {jfjf64} ty
[10:08] {magoo} thinking .80 area cat
[10:09] {Threei}  daytraders got 1:1
[10:09] {magoo} out .83 ty vad
[10:09] {gregns} ty
[10:10] {Threei}  welcome guys
[10:10] {Threei}  nice to see some winners for a change
[10:11] {Threei}  with couple more active summers than usually I;'ve forgotten why I hate August so much
[10:11] {Threei}  this one sure reminded me
[10:13] {dino} me too
[10:13] {magoo} ditto
[10:17] {jfjf64} next august we all go to palm beach
[10:20] {dino} deal
[10:20] {Threei} Long Setup:  X  .80 break half lot
[10:21] {Threei}  stop under .70
[10:22] {Threei}  no go
[10:26] {ese} L adsk 1/2 .51
[10:28] {ese} stop .30
[10:30] {Threei}  *DOE CRUDE: +4.1M V +400KE; GASOLINE: +2.27M V -300KE; DISTILLATE: +1.7M V +1ME UTILIZATION: % V 89.5%E
[10:35] {jfjf64} cnx bounce
[10:35] {magoo} SOMX vad, strong
[10:36] {Threei}  it had news before open
[10:37] {Threei}  Somaxon Pharmaceuticals Signs Silenor co-promotion agreement with Procter & Gamble
[10:37] {Threei}  - Under the terms of the agreement, Somaxon and Procter & Gamble will co-promote Silenor with a combined 215 sales representatives in the U.S. market. Procter & Gambles professional health care sales force will promote Silenor to targeted primary care and other high-prescribing physicians. Somaxons focus will be on specialists and other top-decile physicians who treat insomnia. In addition, Procter & Gamble will promote Silenor to targeted pharmacies and will provide supplemental managed care support services for Silenor.
[10:37] {Threei}  - Somaxon will record all sales of Silenor and will pay Procter & Gamble a combination of fixed fees and a royalty based on U.S. net sales
[10:44] {ese} if adsk can break the resistance it has at .51 it bee jammin man....should go for awhile
[10:45] {ese} check out the 60min chrt......tells the whole truth and nothing but the truth
[10:46] {gregns} lol
[10:46] {ese} spy has to giddy up over 105 though
[10:47] {magoo} 105.38 to be exact
[10:47] {ese} tks
[10:48] {ese} anyway.....it's worth the 100 bucks to find out
[10:49] {ese} on the 60 min chrt adsk has butted up against .50 about 6 times........ya just know it wants to do this
[10:51] {ese} that coupled with a bottoming tail/doji from yesterday and??????? nemos' your uncle......sorry i mean bobs' your uncle
[10:51] {dino} lol
[10:53] {ese} well it's kinda lookin like i know sh*&^t
[10:54] {ese} annnnnnnnnd.........ouuuuuuuuu.....almost stopped
[10:55] {ese} ouuuuuuuuuuuuu
[10:56] {ese} don't ya just love the ability to do running commentary
[10:56] {gregns} yup
[10:58] {ese} by the jesus........aye.....it might ba verkin lads
[10:59] {ese} L adsk avg .40
[11:01] {dino} ndx open gap fill
[11:05] {ese} sucre bleu!!!!!!!!  what is the meaning of this?   adsk you sloth
[11:08] {ese} daaaaaaaaaaa
[11:11] {ese} stopped adsk......
[11:12] {ese} .28 -.12
[11:13] {ese} ohhhhh well
[11:13] {dino} thx for heads up vad, out cat .20, +.60
[11:13] {Threei}  :)
[11:13] {ese} look at the blighter..........ran my stop and is now heading up
[11:17] {gregns} breakdown on mos ?
[11:18] {Threei}  probably
[11:18] {Threei}  chart is right
[11:19] {Threei}  markjet cooperation ios not there
[11:19] {dino} itri to .04
[11:19] {Threei}  but doesn;'t look like it needs it
[11:19] {dino} out itri .03 slip, +1.03
[11:20] {gregns} ty
[11:20] {Threei}  nice one dino
[11:20] {dino} thx
[11:22] {Threei}  bautiful breakdown MOS
[11:22] {Threei}  wtg greg, great spot
[11:22] {gregns} thks
[11:23] {jfjf64} dino ya look into arca
[11:24] {dino} forgot, let me try next one
[11:25] {ese} nice one itri dino
[11:26] {ese} L adsk .49
[11:27] {dino} ty es
[11:27] {dino} sm l ctrp .16
[11:28] {dino} out pru .15, +.40
[11:36] {Threei}  MOS is true thing of beauty
[11:37] {Threei}  next one greg calls I take without even looking at the chart
[11:38] {gregns} i dont know about that
[11:38] {Threei}  oh come on, should I get a chance to blame someone for once? :)
[11:38] {gregns} lol
[11:51] {shorty} MOS Threei?
[11:52] {Threei}  easy money is made on it
[11:52] {shorty} Wish I could trade....
[11:52] {Threei}  can't tell what's next
[11:52] {shorty} Maybe 20 cents or more
[11:58] {dino} chk l .82, stop lod
[12:08] {magoo} .
[12:14] {dino}  /
[12:14] {Threei}  \|/
[12:15] {dino} bazingga
[12:18] {Threei}  AONE Ticking higher on chatter of possible large smart grid contract award in NY (6.62, +0.08, 1.22%)
[12:18] {Threei}  (US) Pentagon CFO: Obama Administration is looking for about 1% real growth in defense spending in the next budget (related NOC GD UTX LMT )
[12:18] {Threei}  because we spend not enough, right?
[12:49] {magoo} we in anything?
[12:49] {dino} market stalled
[12:51] {dino} magoo, ctrp i'm in at .16, held well
[12:57] {magoo} PAR news
[12:57] {Threei}  PAR Dell reportedly planning to challenge HPQ's bid a more competitive offer - unconfirmed report
[12:58] {Threei}  Reminder: NY Post yesterday reportedly Dell was planning to propose an increased offer for 3Par.
[12:58] {Threei}  - Note: HPQ on 8/23 offered $24/shr in cash vs Dell's prior $18/shr in cash bid
[13:02] {Threei}  *(US) TREASURY'S $36B 5-YEAR NOTE AUCTION DRAWS: 1.374%; BID-TO-COVER RATIO: 2.83 V 3.06 PRIOR AND 2. AVG OVER THE LAST 10 AUCTIONS
[13:05] {magoo} any read X here vad
[13:06] {magoo} like it long
[13:06] {Threei}  not at all
[13:06] {Threei}  jellyfish
[13:06] {Threei}  shapeless, useless, translucent, drifting and generally disgusting
[13:06] {nemo} don't hold back vad...tell us your true feelings
[13:06] {Threei}  hehe
[13:10] {jfjf64} sell mortma  sell
[13:11] {strider} .
[13:11] {Threei}  mortma?
[13:12] {magoo} any read RIG here vad?
[13:13] {Threei}  up
[13:14] {Threei}  15 cents pullback would make me very interested
[13:14] {jfjf64} what was eddie murphy movie
[13:14] {Threei}  ahhh
[13:14] {jfjf64} trading places
[13:14] {Threei}  trading places
[13:14] {jfjf64} ahh
[13:14] {Threei}  mortimer
[13:15] {jfjf64} y
[13:15] {jfjf64} i might change my name from jfjf
[13:15] {jfjf64} to
[13:16] {jfjf64} mortimer
[13:16] {jfjf64} any votes
[13:16] {Threei}  sure, but you have to promise that every end of day you will scream "trun those machines back on!!"
[13:17] {magoo} i like it
[13:17] {jfjf64} sell mortimer
[13:17] {jfjf64} sell
[13:18] {Threei}  http://www.youtube.com/watch?v=_gekaEzqj5g
[13:18] {jfjf64} lol
[13:18] {jfjf64} classic
[13:20] {Threei}  Randolph Duke: Money isn't everything, Mortimer.
[13:20] {Threei}  Mortimer Duke: Oh, grow up.
[13:20] {Threei}  Randolph Duke: Mother always said you were greedy.
[13:20] {Threei}  Mortimer Duke: She meant it as a compliment.
[13:21] {jfjf64} lol
[13:21] {Threei}  meanwhile, please notice:
[13:21] {jfjf64} i tk it one of ya favs
[13:22] {Threei}  RIG pulled back 13 cents and jumped like anthelope injected with turpentine
[13:22] {Threei}  [13:14] {Threei} 15 cents pullback would make me very interested
[13:26] {jfjf64} c/h  lvs??.77 break down??
[13:26] {Threei}  50/50
[13:27] {Threei}  can remain in the range just as well
[13:27] {Threei}  fake breakout, return to the range... gake breakout other way
[13:27] {jfjf64} selll mortimar
[13:27] {Threei}  fake
[13:27] {jfjf64} lol
[13:27] {jfjf64} yup
[13:29] {nemo} tna serious support at .55
[13:29] {jfjf64} sell
[13:34] {Threei}  I received final notrice that I need to conirm somehting to be inlcluded in professional entrepeneurs award ort something,
[13:35] {Threei}  and if I recall correctly, I received this final notice for the fourth time
[13:35] {Threei}  I guess couple times more, and it will be THE final notice
[13:35] {dino} of couse, like the who's who, you pay a big fee they put you in book
[13:35] {Threei}  yup
[13:44] {Threei}  NEW YORK (CNNMoney.com) -- Google announced Wednesday that it will allow users to make phone calls over the Internet through its Gmail service, encroaching on territory that has thus far been dominated by Skype.
[13:45] {Threei}  Google (GOOG, Fortune 500) said calls to the U.S. and Canada will be free for at least the rest of 2010. The company said it will roll out the service to its U.S. users over the next several days.
[13:45] {Threei}  Calls to other countries from the U.S. will be billed at Skype-like rates: Calls to the U.K., France, Germany, China, Japan, for instance, will be offered for 2 cents per minute.
[13:54] {dino} zzzzzzzzzz
[13:55] {magoo} share size u took ctrp dino?
[13:56] {magoo} hes sleeping
[14:00] {dino} s/p fills open gapout chk, +.02
[14:01] {dino} no, didn't yet
[14:05] {magoo} read CAT here vad?
[14:05] {dino} magoo you get ctrp?
[14:06] {Threei}  up
[14:06] {dino} s/p filled
[14:06] {magoo} nah, but was wanting know your size
[14:06] {Threei}  pullback to under .20, I am interested
[14:06] {dino} sm, 300
[14:08] {magoo} u watchin LVS vad?
[14:09] {magoo} rimm smoked here
[14:09] {Threei}  LVS, no
[14:09] {Threei}  way too narrow
[14:11] {magoo} if mkts go green and rally up, candidates??
[14:12] {dino} everything
[14:12] {Threei}  CAT
[14:12] {Threei}  RIG
[14:13] {nemo} mdt
[14:13] {magoo} FCX?
[14:20] {Threei}  probably... less enthused about it
[14:20] {magoo} wow..u thought it over for 6 minutes
[14:20] {jfjf64} lol
[14:20] {nemo} it took him five to come out of the coma
[14:20] {jfjf64} mortmer  comon
[14:21] {Threei}  who said I came out of it?
[14:21] {dino} out ctrp .76, +.60
[14:21] {jfjf64} nice
[14:23] {dino} ty
[14:33] {jfjf64} greeen
[14:35] {Threei}  CAT
[14:36] {Threei}  breaks high
[14:37] {dino} bws l .93
[14:38] {Threei}  nice spike CAT
[14:43] {magoo} getting dropped dino?
[14:43] {dino} yes
[14:49] {dino} how did i miss whr
[14:50] {nemo} same way I missed tna
[14:50] {nemo} well, not really...
[14:51] {dino} bws to flat, stuck
[14:52] {dino} out
[15:01] {magoo} out cat .97 ty vads
[15:01] {Threei}  :)
[15:01] {magoo} noew if only RIG would rip
[15:02] {nemo} mdt
[15:02] {nemo} sorry
[15:02] {nemo} although,  C&H
[15:13] {nemo} like rimm on break of .70 vad, w market of course
[15:15] {Threei}  i guess
[15:15] {nemo} you say that with such conviction
[15:15] {Threei}  hard to tell, RIMM is somewhat off today
[15:18] {dino} call
[15:19] {dino} in .25 sm
[15:19] {Threei}  US) Nouriel Roubini: US Q3 GDP to be less than 1%, likely closer to 0% than 1%
[15:19] {Threei}  - Sees risk of double dip recession around 40% at this point.
[15:20] {Threei}  ***Reminder: On 08/14 Roubini saw a 30% chance that the US economy would contract by end of 2010
[15:20] {Threei}  so, two weeks l;ater he thinks it's 40
[15:20] {Threei}  mid Sept it will be 50
[15:23] {Threei}  CAT is back into bounce territory
[15:23] {dino} guy knows how to throw a party i read
[15:29] {dino} out call .85, +.60
[15:30] {dino} magoo, thinking a few drinks tonight
[15:30] {Threei}  nice
[15:31] {dino} ty
[15:31] {magoo} no golf?
[15:32] {dino} not sure, but doubtful
[15:32] {dino} i'll stop by hgc around 4:30, can call you after that
[15:32] {magoo} u been trading really well
[15:33] {dino} calm here, strange
[15:34] {ese} .
[15:34] {Threei}  anyone caught CAT?
[15:34] {magoo} me
[15:34] {magoo} .54
[15:34] {Threei}  nice
[15:35] {magoo} .56 actually, just checked
[15:35] {magoo} out here .89
[15:35] {magoo} ty
[15:37] {dino} in any case, thx
[15:37] {dino} gj
[15:37] {dino} wtg
[15:48] {dino} 10174 dji, 1808 ndx, 1069 s/p gaps from monday
[15:59] {shorty} good night all
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good evening
[16:00] {Threei}  see you tomorrow

Apr 24 2010

A bit better day, some trades were actually nice... yawn.


Session Time: Tue Aug 24 00:00:00 2010
[08:07] {nemo} hey strider
[08:07] {nemo} jf
[08:07] {strider} morning
[08:07] {nemo} raven
[08:08] {nemo} nemo
[08:08] {nemo} oy
[08:08] {strider} no joy in 'oy'
[08:08] {nemo} nope
[08:14] {Raven} {}
[08:14] {strider} a pigeon-toed raven.
[08:15] {Raven} {--- {---
[08:15] {strider} need front-end alignment.
[08:16] {Raven} sigh
[08:16] {strider} and anti-depressant.
[08:16] {Raven} double sigh
[08:18] {strider} well, each of us have our burdens to carry.
[08:19] {Raven} jeeze ... try to remain calm
[08:20] {strider} {-----fighting off existential angst.
[08:21] {strider} which is better than essential angst, I suppose.
[08:21] {strider} thank goodness for small favors.
[08:21] {Raven} {------ searching for dictionary
[08:22] {nemo} he's gonna' go Nietsche on us
[08:22] {strider} Kierkegaard
[08:23] {Raven} {--- dusting off old dry books
[08:23] {nemo} alright...works for me...no Hemlock around you?
[08:25] {strider} Nietzsche would have just bitten the poor bird's head off.
[08:26] {nemo} and of course, Descartes wouldn't know that it felt pain
[08:27] {Raven} {----- needs more tea ... this is getting strange
[08:27] {strider} Well, Ryle would have.
[08:28] {strider} market in dbi.
[08:28] {nemo} on another note, this is starting to feel like fall of 2008
[08:28] {nemo} or just plain "i"
[08:28] {strider} wasn't around then.
[08:29] {Raven} feels like 1973 to me
[08:29] {nemo} yeah, couple of days you wake up and find the market has hit limit down before it opens
[08:29] {strider} school's are starting back....traders should be returning this week...or next at the latest.
[08:29] {strider} schools
[08:33] {nemo} oohhh boy, spy right at the edge of heading to test the July lows
[08:34] {Threei}  (US) Goldman Sachs Chief US Economist Hatzius: Sees real US GDP +1.5% in the second half of 2010 and early 2011
[08:34] {Threei}  - Over the last few months, the US economic indicators have shown a broad-based slowdown.
[08:34] {Threei}  - If our GDP view is correct, substantial further downward revisions are coming.
[08:34] {Threei}  - Believes odds of US economy returning to technical recession are low, sees 25-30% risk of this outcome.
[08:34] {Threei}  - We find forecasts that do not look for GDP growth well below trend quite implausible.
[08:51] {dino} gm all
[08:51] {Threei}  dino :)
[08:53] {dino} feels like june, early july to me, seems we are stuck in range, 1020-1129
[08:54] {dino} 30 down vs 70 up
[09:01] {Les} morning
[09:02] {Les} gap down day. difficult to ignore
[09:02] {Threei}  les :)
[09:06] {Threei}  (US) Fed Evans: Risk of double-dip recession higher than a few months ago - Q
[09:17] {dino} gm all
[09:18] {Threei}  hmm
[09:18] {Threei}  ok
[09:18] {Threei}  dino :)
[09:18] {nemo} what hit
[09:18] {dino} operating off a netbook for this room,router issues
[09:20] {dino} tiny keyboard
[09:26] {jfjf64} mornin all
[09:26] {jfjf64} new day
[09:27] {Threei}  jf :)
[09:30] {strider} wppgy
[09:32] {Threei} Short Setup: LVS  .15 break
[09:33] {nemo} gone
[09:33] {nemo} nice call
[09:33] {Threei}  anyone got it, feel free to cover
[09:33] {jfjf64} missed
[09:33] {jfjf64} im  going  bk  to  bed
[09:34] {nemo} wuss
[09:34] {Threei} Long Setup:  BP  35 break
[09:35] {ese} morning
[09:35] {Threei}  ese :)
[09:38] {Threei}  invalidated
[09:39] {dino} one more market drop
[09:40] {Threei}  watching CAT for double bottom
[09:40] {nemo} spy might test premarket low of .63 here
[09:40] {Threei}  (US) Preview:Aug Richmond Fed Manufacturing Index due out at 10:00ET
[09:40] {Threei}  (US) Preview: July Existing Home Sales due out at 10:00ET
[09:43] {dino} esi
[09:44] {Les} nice gap to fill esi
[09:44] {dino} l kirk .25
[09:45] {shorty} gm
[09:45] {Threei}  shorty :)
[09:45] {magoo} gm
[09:45] {Threei}  mgs :)
[09:46] {Threei} Short Setup: CAT  .80 break half lot
[09:46] {jfjf64} stop  ??
[09:48] {Threei}  65 resistance
[09:48] {Threei}  that's why half lot
[09:50] {Threei} Short Setup: LVS  .80 break
[09:50] {Threei}  if stays under .90
[09:51] {Les} djia lower low
[09:55] {dino} out kirk flat
[09:56] {Threei}  CAT's not selling
[09:56] {Les} .80 pivot support
[09:56] {Threei}  LVS 1:1
[09:56] {dino} # in 4
[09:57] {Threei}  two sets
[09:57] {jfjf64} that felt  good  lvs
[09:57] {jfjf64} ty
[09:57] {dino} veco mrvl strong
[09:57] {dino} v too
[09:58] {dino} mmyt
[09:58] {jfjf64} cat  waitin  on####
[09:59] {jfjf64} long  short   question
[09:59] {dino} long
[09:59] {dino} leaked
[10:00] {jfjf64} middle rangwe
[10:00] {jfjf64} boom
[10:00] {jfjf64} bam
[10:00] {Threei}  *(US) JULY EXISTING HOME SALES: 3.83M V 4.65ME
[10:00] {Les} frickin hell
[10:00] {jfjf64} fake out
[10:00] {jfjf64} bad
[10:00] {Les} that shits me
[10:00] {jfjf64} yuk
[10:00] {dino} easy
[10:01] {Threei}  Prior revised lower from 5.37M to 5.26M
[10:01] {Threei}  - Median existing home price $182.6K v $183.7K prior
[10:01] {Threei}  - Total Months Supply: 12.5 months v 8.9 prior
[10:01] {Les}  least I got out 65
[10:01] {Threei}  so what's the propblem?
[10:01] {dino} supply # sucks
[10:01] {Les} thought i was getting out .17
[10:02] {Threei}  *(US) AUG RICHMOND FED MANUFACTURING: 11 V 8E
[10:02] {Threei}  say thanks for decent broker then, and don't bring this level of emotions please
[10:03] {Threei}  this is not the mindset for trading
[10:03] {Les} ok
[10:04] {Threei}  DJIA drops below 10,000
[10:04] {dino} veco sm l .54
[10:04] {jfjf64} les  go  clean  up   wipe  yourself  pls
[10:04] {Les} lol
[10:04] {Les} piss off jf
[10:04] {jfjf64} whats  this  room  coming  too
[10:04] {dino} mrvl hl l .54
[10:04] {jfjf64} mrvl
[10:05] {dino} kirk l .17
[10:05] {jfjf64} in  .56
[10:05] {jfjf64} lets  go  dino
[10:05] {Threei}  anyone partialled LVS and took advantage of the drop on second half?
[10:05] {jfjf64} wish  3i
[10:05] {Threei}  never even went over .80
[10:05] {jfjf64} cat
[10:05] {strider} I'm still in last portion
[10:05] {Threei}  covered more into after numbers drop?
[10:06] {strider} y
[10:06] {Threei}  cool
[10:07] {Threei}  keep stop for the last piece above .70,
[10:07] {shorty} still without a platform, so never got in  :(
[10:07] {Threei}  alternatively, if have enough cushion, just leave it at original level
[10:07] {jfjf64} mrvl
[10:08] {jfjf64} wher  ya  stop  dino
[10:08] {dino} gj strider
[10:08] {dino} .39
[10:09] {strider} needs to break .50 soon
[10:10] {strider} ,60   it did
[10:10] {strider} that's enough.  out.
[10:11] {dino} pru sm l .95
[10:13] {strider} rimm
[10:14] {dino} lol cramer in panic, everything sucks mode...time to stsart adding
[10:14] {Les} he didn't say double down did he?
[10:15] {hawk} and by lunch time he'll be saying how he can't understand why everyone else is so bearish
[10:16] {strider} rimm hod
[10:16] {Threei}  RMBS Hearing takeover chatter circulating (18.28, -0.55, -2.92%)
[10:17] {Threei}  (EU) Rehn: No rush to fiscal consolidation in EU members
[10:18] {Les} ?
[10:18] {dino} sm l itri .04
[10:18] {dino} he's the ultimate contrary indicator, happy as a clam in early aug.
[10:18] {dino} rmbs weekly rumor
[10:18] {dino} hpq held well
[10:19] {Threei}  EUR/USD Euro recovers following poor US exisiting home data; Moves above 1.27 handle
[10:19] {jfjf64} bp
[10:20] {jfjf64} cs
[10:20] {jfjf64} ignore
[10:21] {dino} out veco .05, +.50
[10:23] {Threei} Long Setup:  FCX  .50 break half lot
[10:23] {Threei}  ugh
[10:23] {Threei}  late
[10:23] {Threei}  no chasing
[10:25] {Threei}  half out
[10:25] {Threei}  scalpers take progit
[10:25] {Threei}  or profit
[10:26] {dino} out pru .35, +.40
[10:27] {Les} u think MRVL going green dino?
[10:27] {nemo} fcx trendline would put stop at .60
[10:28] {dino} mrvl to flat
[10:29] {dino} dk les, depends on mkt
[10:29] {Les} q's rolling out mrvl +.03
[10:30] {dino} where you get in?
[10:30] {Les} .59
[10:33] {dino} out mrvl .73, +.19
[10:33] {ese} dino.....do you have an intelliscan that looks for double bottoms
[10:33] {dino} don't use intellivcan, cyber provides scanners for free
[10:34] {dino} tweak them to my personality
[10:34] {ese} tks
[10:34] {dino} but generally i follow 20 stocks, keep looking
[10:34] {nemo} time to get out fcx
[10:35] {Threei}  no one reported getting in, I don't even comment
[10:35] {nemo} hehehehe
[10:35] {dino} made the $100 walk by mistake on kirk vad
[10:35] {Threei}  I feel like the tree falling in the forest, ya know :)
[10:36] {dino} was laying at my feet but i wanted more
[10:36] {nemo} yes
[10:38] {Threei}  anyway, out balance FCX
[10:38] {Threei}  +.30
[10:39] {dino} gj
[10:39] {Threei}  ty
[10:39] {strider} rimm read, vad?
[10:40] {ese} nice trade fcx you all....sorry i missed that one
[10:40] {Threei}  no firm read RIMM
[10:41] {strider} nice support at .00
[10:41] {strider} or thereabouts.
[10:41] {komalg} dino,do you know cyber website for scanning?
[10:42] {dino} i am in streetsmartpro, powered by cyber. my trading account, has about 8 windows
[10:42] {komalg} I see.
[10:42] {Les} $gold rocketing
[10:42] {dino} the problem for most is they required min. 25k
[10:43] {dino} but laser out executes imo, magoo and i have had competitions on it
[10:43] {ese} whats that symbol les
[10:43] {Les} not symbol - gold
[10:44] {jfjf64} dino  im  on  cyber   do  you  use  arca
[10:44] {dino} gld
[10:44] {dino} smartex
[10:44] {jfjf64} haaa
[10:44] {jfjf64} nope
[10:44] {jfjf64} call them  up  tell them  ya  want  arca  asap
[10:45] {jfjf64} like  night  and  day
[10:45] {ese} ya got that les....but is there a smybol thats tracks it.....or just various companies
[10:45] {jfjf64} ya  fills  will be  instant
[10:45] {Les} oh sorry. like dino said gld
[10:45] {Les} GDX miners
[10:45] {dino} i will try, just click trade venue
[10:47] {jfjf64} 1st  call up  swarb   tell them  ya  want  to  be  routed  through  arca    takess lk  day  ya get  approved
[10:47] {ese} tks
[10:47] {jfjf64} its  lk  night  and day
[10:47] {jfjf64} then  ya  wd  go  in  in  mornin   click  arca   ect
[10:48] {jfjf64} funny  on  smartex   wait lk   5 10 sec  to  get  filled
[10:48] {jfjf64} they  shop it
[10:48] {dino} markets have stalled
[10:48] {dino} ok
[10:48] {hawk} Have any Laser users received the new paperwork for Bear yet?
[10:48] {jfjf64} mk  money  on  us
[10:49] {jfjf64} arca   instant
[10:49] {nemo} what's it say?
[10:49] {jfjf64} ya  think  ya  hv  new  trading  software   blew  me away
[10:50] {nemo} Hawk:what's it say?
[10:50] {hawk} was told that we have to fill out all new paperwork b4 the end of the month, i don't have it yet
[10:50] {nemo} oh, damn, I'm not even near home
[10:50] {dino} ctrp
[10:51] {strider} I haven't got anything from bear.
[10:51] {hawk} Dave told me yesterday, just wondered if anyone else heard.  Only U.S. based traders
[10:52] {strider} that's me
[10:52] {nemo} me too
[10:53] {Les} oh good. frikin hate paperwork
[10:54] {Les} dino does working with Schwab define your trading style?
[10:54] {Les} I remember they are a little more expensive than say laser
[10:54] {Les} or Bear, whichever it is
[10:56] {dino} no, i just like the charts, scanners, and late afterhours
[10:57] {dino} but enough on here. this is lasers' area
[10:57] {dino} ctrp hl l .65
[10:57] {Les} $vix up today
[10:57] {Les} what's vol. like vad?
[10:58] {Threei}  NYSE volume 265M shares, about 15% above its three-month average; decliners lead advancers by 5.9:1.
[10:58] {Threei}  - NASDAQ volume 495M shares, about 8% above its three-month average; decliners lead advancers by 4.6:1.
[10:58] {Threei}  - VIX index +10.3% to just above 27.00
[10:58] {strider} are traders coming back to work this week?
[10:58] {Threei}  started trickling in
[10:58] {dino} 09/07 imo
[10:58] {Threei}  with after Labor day as a full return to work
[11:01] {dino} pru sm l .10
[11:01] {Threei} Long Setup:  SLW  .05
[11:01] {Threei}  if stays above .95
[11:03] {dino} gap fill perhaps
[11:03] {nemo} that would be impressive
[11:03] {dino} out itri .45, +.41
[11:05] {Threei}  nice
[11:05] {nemo} mmhhh at pivot support and 50% retracement area on spy
[11:05] {dino} ty, my kind of open
[11:06] {Threei}  heck, certainly better than yest7erday's disaster of a day, lol
[11:06] {Threei}  or should I say, sorry excuse for a day
[11:10] {magoo} yea, yesterday no bounce whatsoever, steady drip down
[11:10] {magoo} today pretty decent bounce
[11:10] {Threei} Long Setup:  RIMM  .35 break
[11:12] {Threei}  half out
[11:13] {Threei}  scalpers be happy
[11:16] {Threei}  SLW invalidated'
[11:17] {Les} dino, what's yer stop on PRU?
[11:17] {dino} fdx gap fill
[11:17] {dino} fdx gap fill
[11:17] {dino} out ctrp .88, +.24
[11:17] {dino} opps .23
[11:21] {dino} fdx sm l .50
[11:21] {dino} lod
[11:21] {dino} small
[11:22] {ese} rats...just missed that with you dino
[11:22] {ese} nice
[11:23] {Threei}  EUR/CHF Cross hits fresh all-time lows below 1.3070
[11:24] {Les} lol the SNB is already defending its previous purchases of Euros
[11:24] {Les} there goes more of our taxpayer dollars
[11:24] {jfjf64} go dino
[11:25] {komalg} dino,what set up are you trading?
[11:26] {jfjf64} page  222  dino play  of day
[11:27] {jfjf64} boy  oh  boy  know  i have  2  gold fish  kissing  top  of  my  page    mibbit
[11:28] {jfjf64} what  happen
[11:28] {strider} MRVL  mags stock
[11:29] {Threei}  anyone traded RIMM?
[11:29] {komalg} yes
[11:29] {magoo} yup
[11:30] {strider} scalp only
[11:30] {dino} out fdx .94,
[11:30] {dino} =+.44
[11:31] {dino} all green
[11:32] {strider} LVS inverted c&h
[11:33] {dino} komag dk?
[11:35] {jfjf64} rimm
[11:35] {komalg} sorry to ask you but I don't understand dk
[11:36] {dino} don't know, i customized it
[11:37] {dino} 7 open windows
[11:42] {Threei}  quite impressive recovery so far
[11:43] {jfjf64} rimm short  vad
[11:43] {jfjf64} coming
[11:43] {strider} nah.  just breathing hard.
[11:50] {magoo} dino DCC
[11:52] {dino} out pru flat
[11:53] {Threei}  nice feel jf
[11:53] {Threei}  bounce time
[11:53] {jfjf64} .75
[11:55] {Threei}  unless loses .65
[11:58] {Threei}  Moldova police have reportedly seized 2 kg of uranium from trafficers
[11:58] {Threei}  - By way of comparison, Iran recently commented that it has produced around 20 kg of 20% enriched uranium
[12:11] {dino} ioc
[12:15] {nemo} wow rig
[12:27] {nemo} watching x
[12:28] {jfjf64} long
[12:28] {jfjf64} lvs
[12:28] {nemo} perhaps, it loses 95 .50 is next short
[12:28] {nemo} .95
[12:28] {jfjf64} follow
[12:35] {ese} what are your thought on X nemo.....got an entry point in mind
[12:35] {ese} it's on my radar also
[12:35] {nemo} here, but lunch has me a bit skittish
[12:35] {nemo} no surprise, volume isn't there
[12:35] {ese} at 44.........hmmmmm....not sure about lunch either
[12:36] {nemo} yeah, 44
[12:36] {nemo} although, breakout, might be good to see if can get it closer to .90
[12:37] {ese} yup
[12:40] {Threei}  Eighty-seven percent (87%) rate our neighbor to the north as a U.S. ally, while two percent (2%) view Canada as an enemy.
[12:40] {nemo} ?
[12:40] {Threei}  dunno, ask those 2%
[12:41] {nemo} ese, looks like we got old resistance new support, but it feels like pushing it
[12:41] {Threei}  number of numbnuts seems to be consistent:
[12:41] {Threei}  Great Britain, whose had a special relationship with America from the start, is seen as an ally by 85%, an enemy by two percent (2%)
[12:42] {ese} agreed
[12:43] {Threei}  in the event of an Israeli attack on Iran, two percent (2%) think America should help the Iranians.
[12:43] {Threei}  yup... consistent across the board
[12:43] {ese} what the f*&%.......what kind of stat is that
[12:43] {ese} that was a survey done at the pentagon per chance
[12:44] {Threei}  what seems to be out of order?
[12:44] {Threei}  too low % of idiots?
[12:44] {ese} the enemy part
[12:45] {ese} why even ask a stupid question like that
[12:45] {Threei}  shrug
[12:45] {dino} thats the terrorist 2% vote
[12:45] {Threei}  part of regular survey of public opinion on dosens of countries
[12:46] {dino} ioc sm l .50 risky
[12:47] {Threei}  here is full table: http://www.rasmussenreports.com/public_content/politics/toplines/pt_survey_toplines/august_2010/toplines_ally_enemy_august_20_23_2010
[12:51] {ese} well you know........now that i think about it........we've never really liked nemo have we......??????
[12:52] {Threei}  who i their right mind would
[12:52] {ese} yuk yuk yuk yuk
[12:52] {Threei}  PIMCO's Bill Gross releases Sept Investment Outlook: Mr. Gross Goes to Washington
[12:52] {Threei}  - Americans now know that housing prices dont always go up, and that they can in fact go down by 30-50% in a few short years. Having grown accustomed to a housing market aided and abetted by Uncle Sam, the habit cannot be broken by going cold turkey into the camp of private lending. Private mortgage lenders will demand extraordinary down payments, impeccable credit histories and significantly higher yields than what markets grew used to over the past several decades.
[12:52] {nemo} people that don't want to be on the list
[12:52] {jfjf64} whos nemo
[12:52] {Threei}  - Reiterates proposal to resolve Fannie Mae (FNMA) and Freddie Mac (FHLMC) and the evolution of housing finance in the United States. I proposed a solution that recognized the necessity, not the desirability, of using government involvement, which would take the form of rolling FNMA, FHLMC, and other housing agencies into one giant agency call it GNMA or the Government National Mortgage Association for lack of a more perfect acronym and guaranteeing a majority of existing and future originations. Taxpayers would be protected through tight regulation, adequate down payments, and an insurance fund bolstered by a 5075 basis point fee attached to each and every mortgage.
[12:53] {nemo} instinct was right so far on X...now DB or IC&H
[12:56] {dino} x sm l .00
[12:58] {nemo} well, guess dino's decided ;)
[12:58] {dino} lol, stop is .73
[12:58] {jfjf64} .73
[12:59] {dino} yes, sm=small=300
[13:00] {jfjf64} foloow
[13:03] {ese} it's upt in a solid double bottom on the 1 min chart
[13:03] {ese} X that is
[13:04] {ese} hmmmmm   ya i like that word....upta upt for short.......
[13:08] {ese} for instance....i upt some money in my account to pay my bills......
[13:09] {dino} oh boy
[13:09] {ese} i'm upting fertilizer on my lawn tomorrow.........ya.......word works for me
[13:11] {ese} L X .98 1/2
[13:11] {ese} make that .99
[13:14] {ese} .98999987 to be exact
[13:18] {ese} either this participates or i'm ut
[13:19] {ese} out.........hmmmmmmm  ut is good too
[13:19] {ese} spy kinda heading up......lets go X
[13:21] {dino} ctrp getting interesting
[13:22] {ese} will take a look
[13:28] {dino} ctrp l .75
[13:28] {ese} how bout participating now .....hmmmmmmmm
[13:30] {ese} add another 1/2 X  avg .00
[13:33] {jfjf64} x  pure   s
[13:33] {ese} you could be right
[13:33] {nemo} pure what?
[13:33] {ese} short
[13:33] {nemo} ahhhh
[13:34] {ese} X i need it do do something here or i'm gone even
[13:38] {ese} out x .98 -.01
[13:40] {dino} things dead
[13:40] {nemo} things or thing's
[13:40] {ese} yup
[13:41] {dino} both:D
[13:42] {dino} stop x .90 -.10
[13:45] {ese} glad i'm out.......mrkt tanking
[13:45] {ese} must be running stops in the pits or something
[13:46] {ese} were just below the low of the day in the apy
[13:46] {ese} spy
[13:46] {ese} starting to hate the mrkt right now
[13:47] {dino} most do hate it
[13:48] {ese} if i had more confidence going short I might feel different but i don't have the confidence
[13:49] {dino} imo, it's hard to short when down 6-7% in 7 days
[13:50] {Threei}  Hearing vague chatter circulating that CFTC may announce position limits in the silver maket citing ongoing manipulation investigation (related SLV )
[13:59] {Threei} Short Setup: X  .85 break
[14:02] {Threei}  stop .95 for scalpers, above 44 for day traders
[14:03] {ese} what the.....is this mrkt doin
[14:04] {Threei}  my best guess is, shaking shorts out before breaking down
[14:04] {dino} random dancing
[14:09] {ese} well it's shook me out for the day....i'm gonna catch you all tomorrow.....have to go into school and start preparing for my year
[14:09] {ese} take care all
[14:09] {dino} cya es
[14:10] {Threei}  take care ese
[14:11] {Threei}  ok, here comes the decisive moment
[14:11] {Threei}  break or bounce
[14:11] {Threei}  loss of .80 will be the decision point for X
[14:12] {Threei}  .85 entry was actually aggressive entry for .80
[14:15] {dino} chk l .35
[14:18] {dino} out ioc .87, +.37
[14:18] {Threei}  wtg
[14:21] {dino} ty
[14:22] {Threei}  TSLA Receives US Patent (19.47, -0.66, -3.28%)
[14:23] {Threei}  no go X
[14:29] {Threei}  rinse
[14:31] {dino} slow afternoon
[14:31] {dino} zzzzzzzzzzzzzzzzzz
[14:38] {Threei}  (US) CBO lowers cost of US stimulus spending
[14:38] {Threei}  just how does it do that?
[14:39] {Threei}  asserts that stimulus spending raised US Q2 GDP by 1.7-4.5%
[14:43] {dino} magic
[14:43] {dino} and election wishes
[14:44] {Threei}  - Stimulus spending lowered Q2 unemployment rate 0.7-1.8%, increased the number of people employed by 1.4-3.3M in Q2.
[14:44] {Threei}  - Increased the number of full-time-equivalent jobs by 2.0-4.8M compared with what would have occurred otherwise in Q2.
[14:56] {dino} eog crash
[14:59] {dino} gap aroiund 86.60
[14:59] {dino} november
[15:07] {dino} crm
[15:07] {Threei}  watch RIMM for pullback to around .15 - .20 for long
[15:12] {dino} out ctrp ..74 -.01, bad entry
[15:12] {dino} out chk flat
[15:13] {dino} tech guru coming, closing out. thx all good day
[15:13] {Threei}  take care dino
[15:23] {magoo} well, yester i called a rally for today, guess i missed that one
06[15:24] * nemo slaps magoo around a bit with a large crystal ball
[15:28] {magoo} although, what u think vad? maybe tomorrow
[15:29] {Threei}  think?
[15:29] {Threei}  me?
[15:29] {Threei}  I am so flattered
[15:35] {Threei}  anyone went for RIMM?
[15:36] {gregns}  yes
[15:36] {Threei}  :)
[15:38] {magoo} oh oh, looks like down here
[15:39] {Threei}  frikin X
[15:45] {Threei}  DYN Moving higher on rumors of a possible competing offer to BX (4.89, +0.11, 2.30%) (related BX )
[15:45] {magoo} when i speak of looking for a rally, i mean an oversold bounce within a nasty downtrend here
[15:45] {nemo}   of course
[15:45] {Threei}  well, today is not much of a rally
[15:46] {magoo} not at all, i acknowledged that, its RED
[15:46] {Threei}  intuitively it feels:
[15:46] {magoo} but i am clarifying what i was looking for today or tomorrow
[15:46] {Threei}  one more intimidatingly-looking gut-wrenching nerve-wrecking leg down,
[15:46] {Threei}  then vicious bounce
[15:47] {magoo} but heres the kicker vad, within a downtrend
[15:47] {Threei}  either tomorrow or afer tomorrow
[15:47] {Threei}  I dunno mags... we may simply be in a wide range
[15:48] {Threei}  don't read too much in these thin August movements
[15:48] {magoo} but we are hitting lows, obviously no rally, i looking for green 100 plus
[15:48] {shorty} good night all..
[15:48] {magoo} but hopefully it not a GAP up
[15:48] {Threei}  take care shorty
[15:50] {magoo} vad, all media talking heads thinking double dip down, talking death cross, hindenburg , economy sux, europe sux etcetc
[15:50] {Threei}  well, last time they talked about death cross, market bounced nicely,
[15:50] {Threei}  and last time they spoke of hindenburg omen was about may of last year
[15:50] {Threei}  and we all know wehat happened then
[15:51] {Threei}  economy sucks of course, and Europe is bad
[15:51] {magoo} well, luckily are timeframe is daily, we really dont have to worryy about that too much
[15:51] {Threei}  but, what does it all have to do with market..
[15:51] {magoo} just the daily trend
[15:57] {Threei}  Labor day can't come soon enough
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening
[15:57] {Threei}  see you tomorrow
[15:58] {magoo} cya boss
[15:58] {magoo} everyone