Friday, October 29, 2010

Oct 29 2010

Nice day to close a nice week. For the Catch of the Day, HAL presented us today with nice and clean Double Bottom setup with aggressive entry. Chart is practically self-explanatory. Volume was somewhat hard to judge since first bottom ocurred a few minutes before market open. Other than that, entry was determined by the break of 30.10 resistance which was formed by a few bumps into it during the 9:44 candle. With stop under 30, risk was nicely controlled, and the trade gave what day traders strive for - immediate gratification. Pretty much the same setup can be traded in any time-frame, as is usually the case. Simplicity and clarity of this play is remarkable.


Session Time: Fri Oct 29 00:00:00 2010
[07:38] {_flautero} Good morning
[08:20] {Threei}  good morning
[08:26] {Threei}  (US) Preview: Advanced Q3 GDP Annualized and Personal Consumption due at 08:30ET
[08:26] {Threei}  - GDP QoQ Annualized: +2.0%e v +1.7% Prior Q2 final reading (Majority of analyst est range from +1.8% to +2.6%)
[08:26] {Threei}  - Personal Consumption: +2.5%e v +2.2 Prior Q2 final reading (Most analyst est range from +2.3% to +3.1%)
[08:26] {Threei}  US) Preview: Q3 Employment Cost Index expected at 8:30am
[08:26] {Threei}  - Consensus expectations at 0.5%e v 0.5% prior
[08:30] {Threei}  *(US) Q3 EMPLOYMENT COST INDEX: 0.4% V 0.5%E
[08:30] {Threei}  *(US) Q3 ADVANCE GDP Q/Q ANNUALIZED: 2.0% V 2.0%E; PERSONAL CONSUMPTION: 2.6% V 2.5%E
[08:31] {Threei}  *(US) Q3 ADVANCE GDP PRICE INDEX: 2.3% V 1.8%E; CORE PCE Q/Q: 0.8% V 1.0%E
[08:52] {Threei}  (CH) China Premier Wen: WIll manage rare earth metals in line with WTO mandates (related REMX REE MCP USD/JPY TRADEX )
[08:52] {RonS} howdy all  :)
[08:52] {Threei}  Ron :)
[08:54] {dino} gm all
[08:54] {RonS} cstr is lighting up the shorts...shoulda taken a cue from the nflx report but the price action yesterday gave no clear indication...
[08:54] {Threei}  dino :)
[08:55] {Threei}  OSTK Halted: news pending (15.87, 0.00, 0.00%)
[08:55] {magoo} morn
[08:56] {Threei}  magoo :)
[08:56] {Threei}  CSTR Reports Q3 $0.60 v $0.50e, R $380M v $380Me
[08:56] {Threei}  - Guides Q4 $0.79-0.85 v $0.76e, R $415-440M v $422Me
[08:56] {magoo} wild ride last nite
[08:57] {magoo} hit 53.4
[08:57] {magoo} later tanked to 48, then into 6 pm made it to highf
[08:57] {Threei}  nice casino
[08:57] {magoo} DCK too
[08:58] {magoo} deck
[08:58] {magoo} oh, fslr CRUSHED
[09:00] {ese} gm
[09:00] {Threei}  ese :)
[09:00] {davd} gm all
[09:01] {Threei}  davd :)
[09:01] {ese} dave
[09:01] {dino} nuva, exas, gnw
[09:01] {Threei}  (EU) ECB's Tumpel-Gugerell: EU stability pact needs to be made more effective
[09:02] {Threei}  - Issues relating to budget could weaken the euro.
[09:09] {Threei}  RIMM Reportedly discussion regarding access to Blackberry Corporate Email remains unresolved - India govt source (56.21, 0.00, 0.00%)
[09:11] {ese} mu   nice lookin daily chrt
[09:13] {lilyd} good morning
[09:13] {Threei}  lily :)
[09:13] {Threei}  EUR/USD Renewed chatter surfaces of general USD selling for month end London fix
[09:16] {Threei}  Community college in Iowa is trying to create world record of number of people blowing up gum bubble at the same time
[09:16] {Threei}  good to see that money for education go to the right purposes and people do meaningful things
[09:18] {ese} no kidding
[09:18] {_flautero} lol
[09:19] {ese} welcome to the board flautero......call ya fl for short
[09:19] {larisa} gm :)
[09:19] {ese} hey laris
[09:20] {davd} gm laris threei ese
[09:20] {ese} what have you been trading lately laris
[09:20] {_flautero} thanks ese
[09:20] {larisa} ese, vad, davd :)
[09:20] {_flautero} :D
[09:20] {Threei}  larisa, flautero :)
[09:21] {RonS} ese, why not _ for short...:D
[09:21] {Threei}  lol
[09:21] {ese} done
[09:22] {larisa} I have  basket of stocks ese that i watch, adding/removing periodically, just like vad :)
[09:22] {ese} is pot one of them
[09:22] {Threei}  yup... she does remove and add me periodically
[09:23] {ese} vad who?
[09:23] {Threei}  call me {} for short, ese
[09:23] {ese} done as well
[09:24] {larisa} POT no
[09:24] {Threei}  my first desire is to find short entry on RIMM
[09:25] {magoo} heh, my thoughts exactly
[09:25] {Threei}  well, first as in first thing to do,. not as in the most burning desire of my life
[09:25] {magoo} also, im watching nuva
[09:26] {ese} for just a dn grade nuva has taken a hell of a hair cut almost dn 10 beans
[09:26] {Threei}  it's not just downgrade
[09:26] {Threei}  NUVA Reports Q3 $0.46 v $0.42e, R$120.3M v $122Me; cuts FY guidance
[09:27] {Threei}  Guides FY10 $1.42-1.45 v $1.53e, R$470-475M v $488Me
[09:27] {magoo} HAL smoked
[09:28] {ese} ahhhhh from yesterday......missed that....tks
[09:28] {Threei}  well... assumption is scapegoat found
[09:28] {Threei}  HAL it is
[09:28] {ese} smoked what?
[09:28] {magoo} well, lets profit from there pain ok
[09:28] {Threei}  apparently not a very good stuff
[09:29] {Threei}  LLY Expects US health care reform to cut 2010 revenue by $225-275M - 10-Q filing (35.15, 0.00, 0.00%)
[09:29] {ese} i'm with you there ice
[09:29] {jfjf64} mornin
[09:29] {ese} jf
[09:29] {Threei}  jf :)
[09:29] {ese} just in the nick of time there jf
[09:30] {jfjf64} always ese
[09:30] {jfjf64} bell ring for me
[09:30] {jfjf64} lol
[09:30] {Threei}  lol
[09:30] {jfjf64} US
06[09:30] * Threei slaps jfjf64 around a bit with a large EGO
[09:31] {jfjf64} ty
[09:31] {ese} good one
[09:31] {Threei} Short Setup: RIMM  .10 break
[09:31] {Threei}  if stays under .20
[09:31] {Threei}  invalidated but not off radar
[09:31] {Threei}  half lot in any case
[09:32] {Threei}  .40 break
[09:32] {Threei}  stop above .50
[09:32] {Threei}  out
[09:32] {Threei}  that was truly fast
[09:33] {Threei}  anyone caught it?
[09:33] {magoo} miss
[09:33] {kowboy} no
[09:33] {davd} no way cdaught
[09:33] {Threei}  ok
[09:34] {Threei}  watch for second chance if jumps into .40
[09:35] {Threei}  same setup
[09:35] {Threei}  nope, not this time
[09:35] {RonS} chi pmi in 10....early release in 7
[09:36] {Threei}  (US) Preview: Oct Chicago Purchasing Managers Index due out at 09:45ET
[09:36] {Threei}  **Consensus Expectation: 58.0e v 60.4 prior
[09:36] {Threei}  RIMM Hearing Jefferies making positive comments (timing uncertain) (56.81, +0.60, 1.07%)
[09:37] {jfjf64} mips
[09:37] {jfjf64} lot of mo
[09:38] {jfjf64} missed .69
[09:38] {jfjf64} gfrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[09:38] {Threei}  HAL
[09:38] {Threei}  watching for long on pullback
[09:38] {Threei}  between .2o and .30
[09:40] {jfjf64} .45
[09:40] {jfjf64} in
[09:40] {Threei}  wow... that's way too high
[09:41] {jfjf64} yup
[09:41] {jfjf64} no good
[09:41] {jfjf64} dont know why i did that
[09:41] {jfjf64} stupid
[09:41] {Threei}  .30 break now
[09:41] {Threei}  if stays above .20
[09:42] {Threei}  chicago PMI positive
[09:42] {ese} dino ...if ya got a sec...check out stx for me....do you think the daily has cover it's gap enough
[09:43] {davd} inval hal?
[09:43] {ese} from yesterday
[09:43] {Threei}  yes
[09:43] {Threei}  looking for another setup
[09:43] {Threei}  .10 break
[09:43] {Threei}  if stays above 30
[09:44] {dino} y
[09:44] {dino} within .15-.25 usuallyenough
[09:44] {ese} tks....
[09:44] {dino} wait for report in min
[09:44] {Threei}  1:1, half out
[09:44] {jfjf64} out
[09:44] {jfjf64} ty
[09:45] {Threei}  *(US) OCT CHICAGO PURCHASING MANAGERS INDEX: 60.6 V 58.0E
[09:45] {kowboy} ostk open
[09:45] {jfjf64} nice  3i
[09:45] {Threei}  1/4 more out
[09:45] {Threei}  .37
[09:46] {Threei}  stop to under .20
[09:46] {jfjf64} a man with a plan
[09:46] {jfjf64} very nicely  done
[09:46] {_flautero} wow nice hal threei
[09:46] {Threei}  OSTK Reports Q3 -$0.15 v -$0.06 y/y, R$245M v $194M y/y
[09:46] {Threei}  - Q3 Gross margin 16.8% v 19.2% y/y
[09:46] {Threei}  - Q3 Sales and marketing expense: $15.6M v $12.2M y/y
[09:47] {Threei}  out in full
[09:47] {Threei}  a bit more parience jf, please
[09:47] {ese} l stx..41
[09:48] {Threei}  as a little preview of A Taoist Trader course,
[09:48] {Threei}  engage on YOUR terms
[09:48] {Threei}  don't accept enemy's temrs
[09:48] {ese} out .50 +.09
[09:48] {Threei}  let the price come to you,
[09:48] {Threei}  let the setup form
[09:49] {Threei}  Billionaire Carlos Slim: Aggressive monetary policy is 'medicine', yet may not be enough; US Govt should consider sale of assets - conference
[09:49] {Threei}  it has assets?
[09:49] {Threei}  let's sell Carlos Slim
[09:50] {RonS} ...consider all of the Federal land 3i...
[09:50] {dino} insu thin sm l .71
[09:50] {Threei}  IMF spokesperson: Sold 32 tons of gold in Sept (incl 22 tons sold on market) (related GLD )
[09:50] {jfjf64} i lk  that  3i
[09:50] {Threei}  think France would want to reverse Louisiana purchase, Ron? :)
[09:51] {Threei}  OSTK is strangely meek
[09:51] {Threei}  wow HAL
[09:53] {ese} PMI positive
[09:53] {Threei}  ese... you need coffee
[09:53] {Threei}  a lot
[09:53] {jfjf64} when will course  be ready
[09:53] {Threei}  it's written in full,
[09:53] {jfjf64} for this aggresive  trader
[09:54] {Threei}  need little attachments, foreword, an d goes throuhg the final round of editing
[09:54] {Threei}  AA Ticks higher on resurfacing takeover chatter (12.76, +0.11, 0.87%)
[09:54] {jfjf64} sounds  like it be ready  by  next christmas
[09:55] {Threei}  I think faster
[09:55] {Threei}  *(US) OCT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 67.7 V 68.0E
[09:56] {Threei}  oh, you meant these numbers ese... it's me who needs coffee
[09:57] {Threei} Long Setup:  AA  .80 break
[09:57] {Threei}  if stays above .75
[09:58] {dino} exas strange
[09:58] {Threei}  aiming for 1:2 on AA
[09:58] {RonS} dino check pwer
[09:59] {Threei}  almost closed the gap
[09:59] {Threei}  .50 break long
[09:59] {jfjf64} .50
[09:59] {jfjf64} ??
[10:00] {Threei}  invalidated
[10:00] {Threei}  but bounce must be close
[10:00] {Threei}  got price target 18 from JPM
[10:00] {Threei}  *(US) OCT MILWAUKEE NAPM: 56 V 50.0 PRIOR (related SPY SHY EUR/USD )
[10:00] {dino} brk/b gap filled aug
[10:00] {Threei}  lol
[10:00] {Threei}  let's scalp it?
[10:01] {magoo} whidch? pwer or AA
[10:01] {Threei}  BRK.A
[10:01] {magoo} sigh
[10:01] {Threei}  want PWER
[10:01] {Threei}  but not clear entry yet
[10:02] {Threei}  and mags... don't do more than 5K shares BRK.A
[10:02] {RonS} lol
[10:03] {magoo} long 1 share
[10:05] {Threei}  panic PWER
[10:05] {Threei}  .10 break
[10:05] {magoo} poer SHORTAGE :)
[10:05] {Threei}  if holding 11
[10:05] {Threei}  lol
[10:05] {dino} itri sm l .00
[10:05] {dino} stop .73
[10:06] {dino} brk/b sm l .95
[10:06] {Threei}  1:1 in a hurry
[10:06] {dino} stop .69
[10:06] {Threei}  half out .25
[10:06] {Threei}  scalpers take profit
[10:06] {Threei}  but should be good for more
[10:07] {Threei}  PoWER corrupts... but we need electricity (Anonymous sage)
[10:08] {dino} absolute power corrupts
[10:08] {Threei}  1/4 more out
[10:08] {Threei}  .34
[10:09] {Threei}  out in full
[10:09] {Threei}  .41
[10:10] {Threei}  can I go home?
[10:10] {dino} yes, gj
[10:10] {_flautero} lol
[10:10] {RonS} ...and miss the next bone i throw you?...;)
[10:11] {RonS} went .25 to .39
[10:11] {Threei}  I'll catch it on Monday
[10:11] {ese} speaking of pwer......check the 1min out.....it's covered it's gap up
[10:11] {ese} am thinking long somewhere here
[10:11] {Threei}  ok... it's official
[10:11] {Threei}  ese does need coffee
[10:11] {RonS} lol
[10:12] {ese} duuuuuhhhh
[10:13] {ese} thats it......be a nice little bouncy toy.......yes indeed
[10:14] {jfjf64} hal  short.95 break
[10:14] {jfjf64} tight stop
[10:15] {jfjf64} hmm held.95
[10:15] {jfjf64} nope
[10:15] {ese} L pwer 1/2
[10:15] {ese} .34
[10:16] {ese} stop .20
[10:16] {jfjf64} gone
[10:17] {jfjf64} F     K
[10:17] {jfjf64} GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
[10:17] {Threei}  guys, I need to reboot, give me a few
Session Close: Fri Oct 29 10:17:50 2010

Session Start: Fri Oct 29 10:17:50 2010
Session Ident: #discussions
02[10:17] * Disconnected
Session Close: Fri Oct 29 10:17:50 2010

Session Start: Fri Oct 29 10:21:52 2010
Session Ident: #discussions
03[10:21] * Now talking in #discussions
[10:22] {RonS} jeez now if mags jumped in this would have total support
[10:22] {dino} brk/b to .25
[10:23] {ese} pwer stopped .30 -.07
[10:23] {ese} hmmmmmmm
[10:23] {dino} out itri flat
[10:24] {Threei}  MSNBC reports officials looking into bomb threat at Philadelphia based UPS air cargo operations
[10:27] {jfjf64} ADI
[10:27] {jfjf64} .58 break
[10:29] {dino} ntrs sm l .50
[10:29] {dino} stop .19
[10:29] {jfjf64} stop.54
[10:30] {jfjf64} tight
[10:30] {dino} ntrs to lod
[10:30] {dino} brk/b to .35
[10:32] {Threei}  US) ECRI US Leading Economic Indicators (week of 10/22): 123.1 v 122 prior week (revised)
[10:33] {Threei}  Some Passengers Say Airpot Search Is Too Invasive
[10:33] {Threei}  Invasive?? my las experiene had me absolutely convinced a guy was seriously attracted to me
[10:34] {Threei}  and willing to go to any length to show that
[10:34] {jfjf64} must be that  bacon colon you splash ya self with
[10:34] {dino} out ntrs flat
[10:35] {magoo} too bad they wont give u med records for your protologist, save the agony
[10:35] {Threei}  or last piece of it sticking out of my mouth
[10:35] {dino} brk/b to .50
[10:35] {ese} L pwer .28
[10:36] {dino} things broken, pwer
[10:37] {ese} ya maybe
[10:39] {dino} out brk/b .50, +.55
[10:41] {magoo} any read NUVA vad
[10:41] {jfjf64} tgt  bounce
[10:42] {Threei}  doesn't look bounce-ready to me yet
[10:42] {Threei}  amd in fact looks breakdownish
[10:42] {Threei}  NUVA that is
[10:42] {jfjf64} lol
[10:43] {jfjf64} ttgt??
[10:43] {jfjf64} tgt
[10:43] {Threei}  nah
[10:43] {Threei}  not delighted
[10:43] {jfjf64} ty
[10:45] {dino} ostk sm l .50 stop .33
[10:48] {ese} i convinced theres money here dino.......looking for the bounce du double......
[10:49] {ese} this thing looks like entr from yesterday at this point ........entr is up nicely......big time shake out
[10:49] {ese} i'm
[10:50] {dino} exas sm l .22, stop .98
[10:54] {dino} pwer ese?
[10:55] {dino} itw sm l .75
[10:55] {ese} interesting bulls bears fight going on these days......looking back at 5yr charts of the indexes.....this looks like the handle part of the infamous cup and handle pattern long term
[10:55] {ese} y
[10:55] {dino} thx
[10:56] {ese} anyone else seeing it that way?
[10:56] {dino} gut says action is changing, toppy feel
[10:57] {davd} actually the cup and handle also exists with the dollar, no coincidence
[10:57] {ese} beauty lies in the eyes of the beholder type of thing here.........
[11:00] {Threei}  HRZN IPO opens for trade at $16
[11:01] {dino} pwer l .24
[11:01] {Threei}  USD/JPY Reapproaches fresh session lows
[11:03] {ese} dcc dino when you get a chance
[11:11] {ese} sloth pwer is the new name for this stock............get a move on
[11:19] {dino} .
[11:19] {Threei}  Bomb found on Yemen-London UPS flight
[11:20] {davd} was it same day delivery?
[11:21] {magoo} timer set for next day by 12 pm
[11:22] {Threei}  UPS truck stopped in Queens, bomb squad investigating
[11:23] {magoo} should be easy to catch these clowns, just look at return address
[11:23] {davd} it is amzaing that they can find these things.  aka the time square hot dog vendor.
[11:24] {davd} i'm thinking they used a fake address?
[11:24] {Threei}  well, if this is all that allows to catch these things in time, then sooner or later we will run out of luck
[11:25] {davd} true, but we catch alot...
[11:25] {dino} unfortunately yes
[11:25] {davd} exas dropping
[11:25] {Threei}  I still shudder remembering napolitano saying "the system worked" - referring to passengers restraining underwear bomber
[11:26] {dino} on it davd
[11:26] {magoo} im surprised usa doesnt have suicide bombers in malls
[11:26] {Threei}  no kidding
[11:26] {Threei}  open target
[11:26] {magoo} never stop that
[11:27] {Threei}  but they try hard for the planes
[11:27] {Threei}  thak you idiots I guess...
[11:27] {Threei}  but they will smarten up
[11:27] {dino} sooner or later it will happen
[11:27] {Threei}  (US) Follow Up: One of the three UPS cargo planes had a package with ink toner that had been converted to a bomb; US Homeland security now investigationg suspicious packages in NY, NJ, and PA - CNN
[11:27] {Threei}  - Yemen to Chicago flight path with cargo plane was found to have had a bomb during its London stop.
[11:27] {Threei}  - CNN also says there is a report of a suspicious package on a truck in Queens, NY.
[11:27] {Threei}  - Update: Newark Airport UPS facility has been cleared
[11:28] {Threei}  yeah... Israel reality... malls, restaurants, buses
[11:29] {ese} doesn't seem to have affected the mrkt
[11:29] {magoo} mkt numb to this stuff
[11:30] {RonS} ...comforted by Big Sis on the job
[11:30] {davd} if it don't explode, market won't erode.
[11:30] {RonS} ...bet ups has a lot of brown going round today
[11:31] {davd} best one yest rons
[11:31] {dino} lol
[11:32] {ese} ink toner...huh....what the H
[11:33] {magoo} brb, ups truck here lol
[11:33] {Threei}  lol
[11:33] {Threei}  I have to say, their brokerage charges ARE outrageous
[11:34] {magoo} who?
[11:34] {Threei}  UPS
[11:34] {davd} vxx is moving
[11:36] {Threei}  HAL US Judge issues order for Halliburton to send cement components to federal body used in the Deepwater horizon project (31.59, -0.09, -0.28%) (related BP CAM RIG XOM )
[11:37] {Threei}  bring us your finest cements...
[11:38] {ese} lol
[11:38] {ese} ya........the stuff with cement in it........
[11:38] {magoo} i bet they wont have illegal aliens mix that batch
[11:38] {RonS} lol mags
[11:39] {Threei}  PWER is absolutely corrupted
[11:40] {dino} big beat, big raise, big drop
[11:41] {davd} pres on tv
[11:42] {nemo} How's the morning going?
[11:42] {RonS} ...reminds me of story...co wants to build store on prop they know polluted.  EPA has them dig hole. Project manager has hole watered to make mud.  Knows EPA lady will not get in hole to collect sample. She has worker go into hole.  He comes w/ sample for other site.
[11:42] {Threei}  I am extremely lazy and deadly effective today nemo
[11:42] {Threei}  like viper
[11:43] {nemo} nice
[11:43] {dino} pwer .85 wall
[11:43] {ese} hmmmmmmmm
[11:48] {ese} unbelievable manipulation going on here with pwer.......and it's legal
[11:48] {davd} my manip?
[11:48] {davd} why manip?
[11:48] {nemo} the ppt
[11:50] {ese} different version of pump and dump......q was very good.......open the stock up huge suck buyers in......sell the crap out of it......buy it back and continue on as if nothing had happened
[11:50] {dino} .85 is key
[11:51] {ese} look at the way that looks on the daily chart...........
[11:51] {dino} hit the 200
[11:52] {dino} on the 5
[11:52] {ese} and on 15
[11:54] {ese} flautero are you still there........are you from Columbia/ venezuela or some such......a kid at my school the other day...whos from columbia was wearing a t shirt with the same flag as on you board id
[11:55] {ese} your board id
[11:56] {_flautero} yes ese hehe im still here im from Colombia
[11:56] {_flautero} im here just watching, i usually trade with fernando pinero
[11:57] {ese} how bout that.......i didn't know the flag just remembered the student was from columbia
[11:57] {_flautero} hehe
[11:57] {ese} she's an excellent singer
[11:57] {Threei}  fern?
[11:57] {Threei}  how is he?
[11:57] {_flautero} yep threei
[11:57] {Threei}  haven't heard from him in months
[11:58] {Les} morning all
[11:58] {RonS} omg
[11:58] {Threei}  hey Les
[11:58] {Les} or is it afternoon over there now?
[11:58] {_flautero} well hes fine and hes the moderator on his room
[11:58] {ese} les!!!!!!  right on time
[11:58] {Les} I see the market is stalling for time
[11:58] {_flautero} hehe sorry my english are not good, but il try to understand
[11:58] {Les} something big coming up? :)
[11:59] {Threei}  say hello to him
[11:59] {nemo} geez, lvs just keeps going
[11:59] {_flautero} oki threei
[12:00] {_flautero} itt .30 stop lod?
[12:00] {RonS} man dino that mtb is one pulpy, low volume stock
[12:00] {ese} is that where fern is these days....columbia
[12:00] {Les} AWIAV?
[12:00] {_flautero} hehe no fer is in Spain
[12:01] {Threei}  no les
[12:01] {Threei}  but the morning was as perfect as it gets
[12:01] {dino} yes ron
[12:01] {Les} yeh saw yer setup
[12:02] {Les} bummer being late to the party when everyone's had their fill
[12:02] {ese} lucky sob........he should be checking out the Analucia valderama masters golf tournament....held at valderama.......
[12:04] {RonS} dino, mtb .90 to 1.21 +.31
[12:04] {jfjf64} axti
[12:05] {dino} gj
[12:05] {jfjf64} .35 break
[12:05] {ese} pwer(ese thinking quietly to himself)....here comes the bounce....how far will it go he wonders......there will be alot of suckers ( he thinks to himself smugly)
[12:08] {Les} damn just opened up Laser. RIMM .85 b/d as I watch
[12:09] {Les} RIMM d/b or death
[12:10] {jfjf64} x
[12:10] {jfjf64} .65 break  hold .55
[12:13] {Threei}  PWER Hearing ThinkEquity defending the stock (timing uncertain) (10.68, -0.45, -4.04%)
[12:13] {dino} only thing i see is down off of fslr es
[12:14] {nemo} jf, I'm kinda' getting a sense of a DT on X
[12:14] {RonS} ...and fslr is down becouse they are 2Xing their capex...
[12:15] {jfjf64} ty
[12:21] {Les} AXTI first indication of selling
[12:28] {ese} L pwer avg .11
[12:29] {Les} X cooling off
[12:36] {Les} X dt?
[12:36] {nemo} now that  be looking like a DT on X
[12:36] {Les} yeh yeh story of your life. always jumping the gun
[12:36] {nemo} ?
[12:37] {nemo} well if it breaks above, there's nothing stopping it until about 42.10
[12:38] {Les} 18:14 nemo jf, I'm kinda' getting a sense of a DT on X
[12:38] {nemo} yep
[12:40] {Les} bugger its gone
[12:41] {Les} trying to work out AXTI. 2 way play maybe?
[12:43] {Les} vad I like AXTI short
[12:44] {Les} s axti .39 stop above .50
[12:46] {Threei}  caould be
[12:46] {dino} exas stopped
[12:57] {nemo} X cloed the gap
[12:57] {nemo} closed
[13:01] {ese} gotta go all.....been a gamblin day for me....and am still in it..........we'll see  take care and have a great weekend
[13:02] {RonS} cya ese
[13:02] {ese} cya ron
[13:02] {Les} ciao man have a good one
[13:03] {_flautero} bye ese have a nice day
[13:03] {Threei}  take care ese
[13:08] {davd} axti dropping
[13:08] {Les} have a look at axti
[13:09] {_flautero} oh my god AXTI
[13:09] {_flautero} thanks les
[13:09] {Les} covered +.20
[13:09] {_flautero} here .20 too
[13:09] {Les} shit you didn't follow me did you ?
[13:09] {_flautero} yes les
[13:09] {Les} DON'T EVER, EVER FOLLOW ME¨
[13:09] {_flautero} dobble top with distribution
[13:09] {Les} just for your own safety :)
[13:09] {Les} ok outta here c u's MOnday
[13:09] {nemo} it's fun watching you step on landmines
[13:09] {davd} i did a paper trade with it - still short
[13:09] {Les} piss off
[13:10] {_flautero} hehehe
[13:10] {Les} bon weekend everyone
[13:10] {_flautero} thank you so much les
[13:10] {Threei}  take care les
[13:10] {_flautero} bye have a nice day
[13:10] {nemo} He's drinking already, I'm sure
[13:11] {_flautero} lol
[13:13] {nemo} tna is at pivot support
[13:13] {nemo} spy bounced offf yesterday's close
[13:14] {nemo} and has vwap support there
[13:18] {dino} atni?
[13:19] {_flautero} atni dobble bottom
[13:19] {_flautero} but volumen light
[13:20] {larisa} flautero has cute spanish misspelling accent :)
[13:21] {_flautero} :P
[13:21] {nemo} No escribe Ingles?
[13:21] {dino} lol lari, thx flaut
[13:21] {RonS} sounds like vad to me...:O
[13:22] {larisa} vad woul dnever say volumen.. he would say voulme
[13:22] {RonS} lol
[13:22] {_flautero} lol volume! ashhh hehe
[13:23] {RonS} np, none of us can type
[13:23] {larisa} right
[13:23] {dino} second thsat
[13:23] {larisa} lol
[13:23] {Threei}  I ken
[13:24] {_flautero} lol
[13:24] {Threei}  wri vell in fakt
[13:24] {Threei}  myi tipeing iz perfekt
[13:24] {_flautero} pwer ready accumulation for me lol
[13:32] {_flautero} rounded bottom
[13:34] {RonS} _flautero, if u don't mind...remind me to tell ese about the cool accordion players in no. Columbia on Monday
[13:35] {RonS} those players put the polka dudes in Minn and Wis to shame
[13:36] {jfjf64} i miss anythi
[13:36] {dino} no
[13:36] {RonS} Les
[13:37] {Threei}  lol
[13:37] {jfjf64} ??
[13:37] {davd} x rebounds
[13:38] {_flautero} lol rons do you like the accordion?
[13:38] {RonS} _flautero, ese plays the drums in a group and teaches choir
[13:40] {_flautero} nice :)
[13:40] {RonS} not really, until I heard those people...saw a one hour show on their contest etc
[13:40] {dino} atni sm l .00
[13:41] {_flautero} pwer watching for cup and handle .72
[13:42] {dino} ce
[13:43] {nemo} MOS could be interestng on break here  jbe
[13:48] {dino} pwer .85 was prior resistance
[13:49] {_flautero} cup  and handle for me PWER
[13:50] {_flautero} but the problem= big stop
[13:56] {dino} lol bowflex dropped my call, so to make up for it sending part for free
[13:56] {dino} thats customer service
[13:57] {RonS} ...keep talkin bowflex and Lari's gonna get heated up...
[13:57] {davd} ce is runored takeover
[13:57] {dino} :D
[13:58] {dino} thx davd
[14:07] {dino} .85 wall
[14:08] {dino} itw to .93
[14:16] {Threei}  ROME, Oct 29 (Reuters) - Prime Minister Silvio Berlusconi said on Friday he loved life and women and would not apologise for enjoying himself after new reports of girls and parties at his home were splashed across the front pages.
[14:16] {Threei}  good for him
[14:18] {Threei}  The 74-year-old prime minister said he was entitled to some relaxation after the strains of office which required him to work 19-hour days, seven days a week.
[14:18] {Threei}  seriosuly
[14:25] {dino} understandable
[14:25] {Threei}  VVUS Needham Raised VVUS to Buy from Hold (timing uncertain)
[14:26] {Threei}  US) Treasury Dept reportedly sets year end 2011 as deadline for Basel 3 implemention; EU and the US will merge derivatives rules, and start regular stress tests
[14:29] {jfjf64} hv good weekend all
[14:30] {jfjf64} ty 3i
[14:30] {Threei}  have a good one jf
[14:30] {jfjf64} off to root caal
[14:30] {jfjf64} canel
[14:31] {_flautero} bye have a nice day all !!
[14:31] {_flautero} :)
[14:31] {Threei}  you too flautero
[14:33] {dino} out itw +.18
[14:57] {Threei}  Emirates Air flight en route to JFK airport is likely to be escorted by fighter jets due to suspicious packages on board - NBC news
[14:57] {Threei}  FLR Halted: news pending (49.33, +0.25, 0.51%) (related FWLT )
[15:00] {Threei}  FLR Joint Venture Receives Adverse Legal Ruling Affecting SR-125 Claim Collectability; will result in Q3 charge
[15:01] {Threei}  - The charge will total approximately $95 million, or $0.32 per diluted share, and will result in a reduction of full year earnings guidance for 2010 to a range of $1.90 to $2.20 v $2.34e
[15:01] {magoo} AVNR crushed
[15:04] {Threei}  i don't see news for it
[15:04] {magoo} hit 1.31
[15:05] {dino} out ostk -.02
[15:11] {magoo} FLR resumes
[15:23] {Threei}  OWER just can't raise its head
[15:24] {Threei}  PWER
[15:26] {dino} calm spike
[15:27] {Threei}  isn't it oxymoron?
[15:27] {Threei}  AVNR Ticking lower, not seeing any fresh news; Note: Oct 30 is the PDUFA date for its Zenvia drug in treatment of pseudobulbar affect (PBA)
[15:37] {dino} out insu flat
[15:38] {dino} atni to .10
[15:40] {dino} out atni +.15
[15:51] {Threei}  ok guys, let's have a good relaxing weekend
[15:51] {RonS} u too 3i
[15:51] {Threei}  see you all on Monday
[15:51] {Threei}  next week will be interesting
[15:51] {Threei}  with two big events
[15:52] {larisa} bye all
[15:53] {dino} have a good weekend all

Thursday, October 28, 2010

Oct 28 2010

Nicely profitable day with many productive trades. Somewhat different repertoire of stocks too, aside of our traditional LVS and RIMM and TNA etc  No interesting charts though. 

Session Time: Thu Oct 28 00:00:00 2010
[08:20] {jfjf64} goooood mornin sir
[08:30] {Threei}  yawn... good morning
[08:42] {Threei}  our collective hope today is that professor Kotikoff was drunk writing his latest article... although I doubt that
[08:43] {Threei}  before you go "huh?" and suspect that I am drunk, read the quote
[08:43] {Threei}  Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion  840 per cent of current GDP.
[08:52] {Threei}  LVS, mama mia
[08:58] {larisa} and WYNN
[08:58] {Threei}  that one was always crazy
[08:59] {Threei}  but LVS hada bit more "grown-up" air abut it :)
[08:59] {Threei}  (EU) Reportedly EU plans to tell G20 that there is no need for "controversial" quantitative targets, as suggested by the US (related EUR/USD TRADEX )
[09:00] {Threei}  these guys must be beyond crazy...
[09:00] {Threei}  what QE2, QE1 was as close to suicide as it gets
[09:00] {ese} morning
[09:01] {Threei}  ese :)
[09:03] {ese} wow....thats some statement there....200 trillion....if he's correct......country is bankrupt about 17 times over
[09:03] {Threei}  that's what he said right in the next line
[09:05] {dino} gm all
[09:05] {Threei}  dino :)
[09:05] {ese} hmmmm not quite 17 times .....8.96 times to be exact
[09:06] {Threei}  this makes real difference
[09:06] {Threei}  what a relief
[09:06] {dino} throw the bums out on tuesday
[09:06] {Threei}  I will drop by so we could drink to that ese
[09:07] {RonS} gm gents & ladies...dino, oclr...
[09:07] {Threei}  ron :)
[09:08] {dino} fire, skx
[09:08] {ese} .6x=13.5 answer 22.5     200/22.5=8.968   dino!!!!!! mags!!!!!!!! quick....give the govt' all the cash your making in the market and you could save the country
[09:08] {Threei}  LVS all the way
[09:09] {Threei}  I will donate some pocket change too
[09:09] {magoo} morning
[09:09] {Threei}  mags :)
[09:09] {ese} mags
[09:10] {ese} mags ......quick....you could save the country
[09:11] {magoo} why would i want to do that
[09:11] {Threei}  lol
[09:11] {Threei}  it's reasonable question
[09:12] {ese} hmmmmmm   humongus...not big...but humongus cup and handles being formed in the indexes
[09:13] {dino} they already take more than a fair share.
[09:13] {ese} that is a good question mags......your not responsible for the mess......your trying to fix it by lending your money out on a regular basis......
[09:14] {kowboy} oclr
[09:14] {RonS} flex 21.7 mil sh short
[09:15] {Threei}  OCLR Reports Q1 $0.01 v $0.22e, R$121.3M v $123Me
[09:15] {Threei}  - Guides Q2 R$116-124M v $129Me
[09:15] {Threei}  FLEX Reports Q2 $0.23 (adj) v $0.20e, R$7.42B v $7Be
[09:16] {RonS} mlnx...2.1 mil sh short...6x ave daily vol
[09:16] {ese} that should sky rocket flex ron.......panic short covering
[09:16] {Threei}  - Guides Q3 $0.23-0.25 v $0.22e, R $7.5-7.7BB v $7.4Be
[09:16] {larisa} Denmark is a great city.. winning CNBC phrase of the day :)
[09:17] {RonS} ...but there are cities its size, no?
[09:17] {ese} denmark is a great CITY?
[09:18] {Threei}  town?
[09:18] {Threei}  village?
[09:19] {ese} one more good reason to ignore anything you hear in the media
[09:20] {khaln} g morning
[09:20] {Threei}  khaln :)
[09:20] {Threei}  LVS on a crossroadsa
[09:20] {RonS} mpel...breakout
[09:20] {ese} K
[09:20] {Threei}  a lot of selling but geting absorbed so far
[09:21] {Threei}  someone will blink any moment now
[09:28] {jfjf64} hey hey
[09:29] {ese} it's show time
[09:32] {ese} out jny .47 +.28
[09:32] {ese} held it from yesterday dino
[09:32] {Threei}  warching OCLR
[09:32] {Threei}  9 break half lot
[09:32] {Threei}  if holding .90
[09:33] {Threei}  invalidated
[09:33] {dino} gj
[09:34] {magoo} rimm dive
[09:34] {ese} L svnt .00
[09:34] {Threei}  IMF: Key emerging market economies need to begin permitting FX rate appreciation "in earnest"
[09:35] {dino} downgrade rimm
[09:35] {Threei}  OCLR, dive under 9 will be another setup
[09:35] {Threei}  same as first
[09:36] {Threei}  half lot, remember
[09:36] {ese} out svnt .08+.08
[09:37] {Threei}  take too long
[09:37] {Threei}  not liking it
[09:37] {Threei} Long Setup:  LVS  .40 break
[09:38] {Threei}  lol, invalidated
[09:39] {Threei}  no go OCLR
[09:39] {RonS} imax
[09:40] {nemo} I have spy at resistance
[09:41] {Threei} Long Setup:  RIMM  .20 break
[09:41] {Threei}  oops
[09:41] {Threei}  late
[09:42] {dino} fnsr?
[09:42] {Threei}  FNSR Hearing Piper Jaffray defending the stock (timing uncertain) (15.04, -2.99, -16.58%)
[09:42] {Threei}  shrug
[09:42] {dino} sm l .25 stop lod
[09:42] {Threei}  OCLR bottomless
[09:43] {Threei}  LVS
[09:43] {Threei}  let's see if gives DB
[09:44] {Threei}  .10 break long
[09:44] {Threei}  half lot
[09:44] {Threei}  stop under 45
[09:45] {Threei}  nope
[09:47] {Threei}  RIMM is back to entry level
[09:47] {Threei}  same setup
[09:47] {Threei}  .20 break
[09:47] {Threei}  half lto again
[09:47] {Threei}  if holding above 54
[09:48] {Threei}  not a scalp if works
[09:48] {Threei}  LVS rinse
[09:48] {dino} sdkx sm l .25 stop .92
[09:49] {dino} skx sorry
[09:49] {Threei}  market weakens
[09:50] {Threei}  so far so good RIMM
[09:50] {Threei}  needs to take .30
[09:50] {dino} fsnr to .55
[09:50] {Threei}  wtg
[09:51] {dino} ty
06[09:51] * Threei kicks RIMM in the rear
[09:51] {dino} out +.30 fnsr
[09:52] {davd} in rimm .2
[09:52] {Threei}  1:1
[09:52] {Threei}  stop to .15
[09:53] {Threei}  RITT??
[09:54] {ese} L fnsr
[09:54] {ese} .61
[09:54] {Threei}  RIMM baby
[09:54] {dino} wow, v no respect ever on earnings
[09:54] {Threei}  1:2
[09:55] {Threei}  TNA
[09:55] {Threei}  watch for dive under .60 for DB
[09:56] {dino} jjl, jnt=y again
[09:56] {dino} jny
[09:57] {Threei}  anyone took TNA, sell half here
[09:58] {Threei}  nah, sell in full
[09:58] {magoo} out tna
[09:58] {Threei}  :)
[09:58] {magoo} ty
[09:58] {magoo} took .84
[09:58] {Threei}  2 cents under the top
[09:59] {Threei}  look at its drop
[09:59] {Threei}  all the way into entgry
[09:59] {Threei}  ad below
[09:59] {Threei}  that was good exit
[09:59] {Threei}  new enry is coming up
[09:59] {magoo} no kiddin
[09:59] {magoo} and drop was fast
[10:00] {Threei}  grrr
[10:00] {dino} skx to .55
[10:00] {Threei}  .509 cross... too fast to alert
[10:01] {dino} out skx .60, +.35
[10:02] {dino} back in 20
[10:03] {Threei}  RIMM{ watching for yet another round
[10:04] {ese} fnsr stopped .50 -.10
[10:04] {khaln} tdsc?
[10:04] {ese} thought it would go through high of the day dino
[10:04] {Threei}  .20 break again RIMM{ but this time with .10 as invaldiation.stop
[10:05] {Threei}  very thin and risky khaln
[10:05] {khaln} thx
[10:05] {Threei}  can do 50 cents either way in one gasp
[10:05] {Threei}  RIMM, different setup
[10:05] {Threei}  let it drop under 54
[10:06] {Threei}  then we will see if it forms something there
[10:11] {ese} L entr .65
[10:11] {Threei}  GG Update: Davenport making positive comments; Reiterates Strong Buy rating, price target $60 (43.27, +1.19, 2.83%)
[10:13] {nemo} I have tna support here
[10:13] {Threei}  53 break?
[10:13] {nemo} spy not telling me anything though
[10:13] {dino} mkt gap fill coming imo
[10:14] {ese} out entr.55 =.10
[10:14] {nemo} I play it off spy
[10:14] {ese} -.10
[10:14] {Threei}  and SPY's ticking
[10:14] {dino} scanners all red
[10:14] {ese} last attempt breakout i try to play today.....they ain't workin
[10:14] {nemo} can't read spy at the moment
[10:15] {dino} fnsr retest in making
[10:15] {jfjf64} cat  bounce
[10:15] {jfjf64} ??
[10:15] {dino} jll db or break
[10:15] {Threei}  not during this market sel,ling pressure
[10:17] {Threei} Long Setup:  TNA  .50 break
[10:17] {Threei}  half lot
[10:17] {Threei}  if holding .40
[10:19] {Threei}  not ready yet...
[10:19] {Threei}  rinse
[10:19] {Threei}  grr
[10:19] {Threei}  (CH) White House: President Obama scheduled to meet with China leaders before the G20 summit in Korea in November (related USD/CNY EUR/CNY FXI USD/KRW USD/CNY )
[10:21] {jfjf64} cat  s  .68 break
[10:22] {davd} turn that grrrr upside down...
[10:23] {nemo} spy either bounces at gap here, or drops to pivot at .12
[10:23] {Threei} Short Setup: RIMM  .30 break
[10:23] {jfjf64} 1/1  cat
[10:24] {Threei}  wtg
[10:24] {dino} open gaps filled
[10:24] {dino} fnsr sm l .15 stop .89
[10:25] {jfjf64} ual  s
[10:25] {jfjf64} .78 break
[10:25] {RonS} today is different...pomo happening and we are slipping...
[10:26] {nemo} we're getting to the turnaround time though Ron
[10:26] {larisa} what is pomo ?
[10:27] {nemo} Fed open market operations  they're printing toilet paper...err...money
[10:27] {Threei}  feds open market operation
[10:27] {larisa} sigh
[10:27] {Threei}  RIMM 1:1
[10:28] {dino} fnsr stopped -.26
[10:29] {dino} grrr stopped to the cent and bounced
[10:29] {nemo} look for spy bounce between here and .12 play tna long
[10:31] {jfjf64} 1/1  ual
[10:31] {Threei}  bounce time
[10:31] {jfjf64} ??
[10:31] {dino} svr
[10:31] {Threei}  TNA
[10:31] {Threei}  here, half lot
[10:32] {ese} thats exactly what i'm thinkin nemo......capitulation here at some point
[10:32] {Threei}  stop under .90
[10:32] {jfjf64} .10
[10:32] {dino} buyout 31 svr
[10:32] {Threei}  target about .40 if works
[10:34] {RonS} Larisa, pomo is an acronym for the NY Fed's "permanent open market operations". The NY fed is buying US treasuries as their mortgage cdo's get paid off.  herehttp://www.newyorkfed.org/markets/tot_operation_schedule.html is the schedule:  
[10:34] {jfjf64} cat
[10:34] {jfjf64} wow
[10:34] {larisa} ty ron :)
[10:35] {jfjf64} cut my  rist  pls
[10:35] {Threei}  half out here TNA
[10:35] {Threei}  +.17
[10:35] {Threei}  stop to under 52
[10:35] {dino} sm l fnsr .15, skx .09
[10:35] {Threei}  next exit target around .35 - .45
[10:36] {jfjf64} svr
[10:36] {jfjf64} wow
[10:36] {nemo} save a little for .55
[10:36] {dino} buyout 31 see above
[10:37] {jfjf64} irm
[10:38] {jfjf64} .50 break
[10:38] {jfjf64} tight stop
[10:39] {Threei}  WFC Ohio AG notes that his office is also probing Wells Fargo on foreclosure issue - TV interview
[10:39] {dino} shocking
[10:40] {jfjf64} no wk
[10:40] {ese} i'll say thats a wow jf......anyone in that?
[10:41] {davd} i thought "oh my"
[10:44] {Threei}  (IR) Ireland Fin Min: Not opposed to any treaty changes at the European Union level for budget adjustments; opposed to any adjustment which encompasses a fundamental change in the Union's character
[10:44] {jfjf64} vxx settin up
[10:44] {jfjf64} ??
[10:44] {Threei}  - Reminder: Earlier Merkel called for voting rights restrictions on any breach of EU treaty rules
[10:44] {Threei}  this thing is about to explode
[10:45] {jfjf64} vxx
[10:45] {jfjf64} ?
[10:45] {dino} flex sm l .85 stop .59
[10:45] {magoo} what is vad?
[10:46] {Threei}  I meant EU but VXX is close too, lol
[10:46] {dino} fnsr, skx to flat
[10:47] {davd} in flex .85 small
[10:48] {dino} skx to .29
[10:48] {ese} way ta read finsr dino........sucked me in
[10:48] {Threei}  OK... probably bottom has been found
[10:49] {Threei} Long Setup:  LVS  .50 break
[10:49] {dino} lucky
[10:50] {dino} out skx +.20
[10:51] {Threei}  stop under .35, target is about .80
[10:51] {ese} in lvs..52
[10:52] {davd} in lvs .5
[10:52] {Threei} Long Setup:  CAT  .35 half lot
[10:52] {Threei}  stop under .20
[10:53] {Threei}  come on LVS, no rinsing
[10:53] {nemo} .39 pivot resistance on cat
[10:54] {Threei}  market is fully ready
[10:54] {Threei}  IMO, shorts overstayed their welcome a bit, punishment is coming
[10:55] {ese} egggzactilly.......lvs same goezza for mee ahhhhh
[10:55] {magoo} hope your right, i was short bias yesterday to no avail, now today i am long bias
[10:57] {ese} ohferrrrrrrrrr..........
[10:57] {dino} gut sats down 100+
[10:57] {dino} says
[10:57] {ese} for what dino
[10:57] {RonS} took lvs .48 to .59...+.11 txs 3i
[10:58] {ese} i shoulda done the same
[10:58] {Threei}  scalper is as scalper does
[10:58] {dino} dji
[10:58] {ese} yup
[10:59] {Threei}  CAT's coming into 1:1
[10:59] {dino} fnsr stop +.05
[11:00] {Threei}  LVS 1:1
[11:00] {dino} flex to b/e
[11:00] {ese} lvs to brea even
[11:00] {Threei}  partial ese
[11:00] {Threei}  and b/e for the balance
[11:01] {ese} yes
[11:01] {Threei}  CAT, whether you took part off or not, stop to under .30
[11:01] {Threei}  let'ss minimize risk
[11:01] {ese} .62 +.10 so far
[11:01] {ese} 1k/1k to go
[11:02] {magoo} waiting .83 lvs
[11:02] {Threei}  target is coming up LVS
[11:03] {Threei}  hit
[11:03] {Threei}  have some faith you pesky scalpers
[11:03] {RonS} Fed buys $1.66 billion in Treasury bonds       10/28 09:02 AM
[11:03] {ese} out .78 +.25
[11:04] {ese} tks vbad
[11:04] {ese} works for me
06[11:04] * Threei slaps whole room around a bit with lack of faith, omitting ese and magoo
[11:04] {ese} eyoew zaaaa!
[11:05] {ese} tks bad............lol  i like that......
[11:05] {RonS} NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York purchased $1.66 billion in Treasury notes on Thursday, part of officials' pledge to reinvest cash from maturing mortgage-backed securities and housing-agency debt back into the bond market to support the economic recovery. Dealers offered to sell the Fed $39.152 billion in debt maturing from 2013
[11:06] {ese} can use that in lots of situations........."hows your day going?' bad
[11:06] {dino} dji 8 pt range
[11:06] {RonS} mmm dino
[11:07] {davd} out flex .97
[11:07] {dino} cuts guidance
[11:08] {dino} v interesting
[11:09] {dino} fnsr sm l .25
[11:10] {davd} in fnsr .25 small
[11:10] {magoo} out .90 lvs TY vad, nice
[11:11] {Threei}  :)
[11:11] {Threei}  CAR baby
[11:11] {Threei}  CAT too
[11:11] {magoo} huh?
[11:11] {magoo} lol
[11:11] {Threei}  offering second half .65
06[11:12] * Threei slaps magoo around a bit with a large vocablary of Threeiish
[11:13] {ese} L entr..34
[11:14] {dino} v sm l .26
[11:15] {ese} double bottom thing dino?
[11:16] {dino} flex to .05
[11:16] {dino} thinking so
[11:16] {dino} stop .97
[11:16] {dino} v
[11:17] {RonS} U.S. to sell $364 bln in 4Q, SIFMA survey shows       10/28 09:15 AM
[11:19] {davd} ount fnsr .43
[11:20] {dino} gj
[11:24] {dino} flex out +.20
[11:25] {magoo} anyone with me still in TNA from .00 vad call?
[11:25] {magoo} thinking .80
[11:27] {dino} mtb sm l .15
[11:27] {ese} check out entr...company beats and issues upside guidance......what a thrashing here.....theres money here the way i see it
[11:27] {Threei}  65% Favor Getting Rid of Entire Congress and Starting Over
[11:28] {Threei}  nice mags... you have fath
[11:28] {magoo} and pres while we are at it lol
[11:28] {Threei}  lol
[11:28] {ese} thought about it mags but didn't do it
[11:29] {Threei}  Public Employee Unions Funnel Public Money to Dems
[11:29] {Threei}  nice
[11:29] {nemo} spy looking a bit weak here.  vwap at .60
[11:29] {Threei}  we may have undertutilized downward move, except RIMM short, but bounce we spotted just perfectly
[11:30] {magoo} ok out .54 TY vad
[11:30] {Threei}  welcome
[11:30] {magoo} 1500 sh
[11:30] {Threei}  these three trades alone can make a very nice day
[11:31] {dino} gj
[11:31] {magoo} vad, lets stay on it TNA
[11:31] {magoo} if IF mkts want green its got alot more
[11:32] {Threei}  yes but I don't have read on market here
[11:32] {magoo} i know, but lets watch
[11:33] {dino} entr bit light revs all i can find es
[11:35] {ese} can somebody red this and tell me what it means:http://www.benzinga.com/trading-ideas/long-ideas/10/10/559514/calls-purchased-on-entropic-communications-inc-entr
[11:35] {ese} read
[11:36] {ese} i don't play options....but this is a bet to the upside isn't it?
[11:38] {RonS} ...its is a bet for upside, but it is not dramatic nor a reason to buy or hold the stock imo
[11:39] {ese} tks
[11:42] {magoo} rimm short interesting vad
[11:43] {Threei}  51/49
[11:43] {magoo} about your usual he he
[11:43] {Threei}  ouch
[11:43] {Threei}  that hurts
06[11:44] * Threei removes himself to very very remote monastery
[11:44] {magoo} u want pain...magoo steals vads bacon and vodka supply he leaves at monastery
[11:45] {magoo} and invites yoko ono to stay with him
[11:45] {Threei}  that's OK, I have the cave fully stocked
[11:45] {magoo} what about yoko?
[11:45] {dino} with fruits and veggies
[11:45] {Threei}  ummm... keep yoko
[11:45] {RonS} ese, when reviewing option plays...true bull bets are those that overwhelm the OI (open interest) of that issue.  At 2X to 3X the OI you can be sure that it is fresh buying.  In this instance the activity today is .5X the strike price.  Someone could be covering the calls that they had sold against a long stock position.  I do this often for instance.
[11:45] {Threei}  fruit is OK, veggies can kiss my paste tooshie
[11:47] {ese} tks ron.......i appreciate that......i kinda get it when i read that stuff but its not my thing
[11:49] {kowboy} mmm anf
[11:54] {dino} v stopped
[11:55] {dino} ..29
[12:00] {magoo} mkts rolling over
[12:00] {davd} spy lod
[12:01] {Threei}  IMAX Discloses formal SEC order on revenue recognition proble - filing (19.70, +0.85, 4.51%)
[12:02] {Threei}  beautiful
[12:02] {Threei}  amazingly, gave ample time to eneter short
[12:02] {Threei}  .68 in, .48 out
[12:02] {dino} jll sm l .50
[12:06] {khaln} .
[12:09] {nemo} c:bcdpeeutorrent
[12:11] {ese} ?
[12:11] {ese} dude i normally get ya but.....
[12:13] {kowboy} ree drop
[12:17] {Threei}  REE China has resumed shipments of rare earth minerals - New York Times, citing industry officials
[12:17] {dino} insu sm l .60
[12:17] {Threei}  "After blocking shipments of raw rare earth minerals to Japan since Sept. 21, and to the United States and Europe since Oct. 18, Chinese customs officials, without explanation, allowed shipments to resume to all three destinations, said industry officials who insisted on anonymity because of the diplomatic sensitivity of the issue."
[12:17] {Threei}  - "Senior commerce ministry officials have insisted repeatedly that they have not issued any regulations halting shipments. They have suggested at various times that the halt represented either a spontaneous and simultaneous decision by the countrys 32 rare earth exporters not to make shipments because of a deterioration in Sino-Japanese relations or a greater thoroughness on the part of customs inspectors."
[12:17] {Threei}  - "The Chinese decision came a day and a half after Secretary of State Hillary Rodham Clinton announced plans to visit China on Saturday. She met on Wednesday in Honolulu with Japans foreign minister, Seiji Maehara, and said afterward that the suspension of shipments had been a wake-up call and that both countries would have to find alternative suppliers."
[12:22] {RonS} ree wheeee...
[12:23] {magoo} ron cried wheeee wheeee all the way home
[12:23] {Threei}  oh boy
[12:23] {Threei}  lol
[12:24] {davd} yesterday, dbl bottom was later (13:30) and rebound more dramatic
[12:24] {magoo} sooner or later that will fail
[12:24] {magoo} im back on short bus
[12:24] {davd} in insu .57 small
[12:25] {RonS} Chinese: "We surrender, just don't send Hillary".
[12:25] {magoo} they were mean to magoo on long bus, made me stand
[12:25] {magoo} did u see the new KFC hillary special in time for elections?
[12:25] {Threei}  and tried to forbid drinking?
[12:25] {RonS} lol, what is it mags?
[12:26] {magoo} 2 small breasts, 2 extra plump thighs and 1 left wing
[12:26] {RonS} rotflol!!!
[12:27] {RonS} can't stop laughing...
[12:27] {magoo} im actually laughing too
[12:28] {ese} ouch...
[12:30] {davd} spy lod
[12:31] {Threei}  AMZN To Launch Kindle App for Windows Phone 7
[12:31] {davd} 117.82 is the pivot low re DeMark method
[12:32] {Threei}  re what?
[12:32] {davd} demark method on spy.
[12:35] {davd}   market considered bearish if breaks below, apparently the market is neutral?  the high is 119.07 - should look familiar on today's chart
[12:36] {RonS} rare earth etf launced today...remx
[12:36] {RonS} demark...is that a city or country?
[12:37] {Threei}  village
[12:37] {davd} it's a city state.
[12:37] {Threei}  and something is rotten over there
[12:38] {larisa} i tried to understand his "sequential", he is too much even for me in his attempt to pick tops and bottoms. Very smart guy though :)
[12:39] {davd} he's feeling smart today, so far.
[12:39] {Threei}  REE lost another support
[12:40] {kowboy} MCP
[12:40] {ese} there goes fnsr
[12:40] {Threei}  (EU) UK, France, and Germany leaders reportedly agree that 6% increase in budgets for 2011 is unacceptable; call for maximum 3% increase - unconfirmed report (related GILTS BUNDS EUR/GBP EUR/USD )
[12:41] {Threei}  so, their austerity comes to % of increase?
[12:41] {Threei}  I must have misunderstood this word altogether
[12:45] {dino} fnsr to .65
[12:47] {dino} out fnsr .65, +.40
[12:47] {dino} entr l .01
[12:49] {davd} in entr .01
[12:52] {davd} rare earths fall, china ends embargo thanks to hillary
[12:54] {RonS} what is scarier?...godzilla or hillary's mug?
[12:54] {davd} both scare small children
[12:55] {RonS} woulda voted for her, but man, am i glad i do not have to see her every day
[12:57] {larisa} you guys are all gorgeous, rich and sexy and smart? Then you have  right to discuss others misfortunes :)
[12:57] {davd} stop on entr dino?
[12:58] {Threei}  I am like Pluto larisa... they don't even list me as a planet anymore because I am not tlarge enough and not bright enough
[12:59] {RonS} ...me too...Pluto the dog...
[13:04] {dino} .85
[13:05] {dino} dino the dog
[13:15] {Threei}  POT CEO: seeing a "major turning point in the potash market," due to reduced global inventories - conf call (143.57, -3.75, -2.55%)
[13:26] {davd} get 'em larisa
[13:28] {ese} cya all.......
[13:28] {ese} gotta go
[13:28] {Threei}  take care ese
[13:32] {Threei}  HAL Spill investigative panel finds Halliburton's slurry cement may have been unstable; Halliburton should have considered the redesign of the cement for the Macondo well
[13:32] {Threei}  everyone is so smart after the fact
[13:39] {magoo} we in anything
[13:40] {davd} i'm in insu
[13:40] {RonS} wow rig
[13:41] {Threei}  and I am in deep musing about the origins of mankind
[13:41] {kowboy} lz  drop 10%
[13:43] {magoo} vad, enlighten me
[13:43] {magoo} why tna drop while spy moves north
[13:43] {Threei}  ?
[13:43] {Threei}  SPY dropped too
[13:44] {magoo} ah, because frozen charts
[13:44] {magoo} sigh
[13:44] {Threei}  that'll do it
[13:46] {RonS} bp
[13:46] {RonS} hal whacked
[13:46] {magoo} vad, rot or rip into bell?
[13:47] {Threei}  too far from there
[13:47] {RonS} hal
[13:47] {Threei}  see new above Ron
[13:47] {magoo} HAL darn
[13:49] {magoo} panic
[13:53] {magoo} just caught it good
[13:53] {magoo} short
[13:54] {magoo} .69 to .11
[13:54] {magoo} sh rimm now too .45
[13:54] {dino} mtb to ,63
[13:55] {magoo} .50 stop
[13:55] {magoo} out rimm no like it
[13:56] {magoo} if IF mkt rots RIMM will be short candidate
[13:56] {magoo} along wuith GS
[13:56] {magoo} may be later in day
[13:57] {magoo} coulda been richhhh in hal sh
[13:58] {magoo} VAD look at how fast level 2
[13:59] {Threei}  yes
[13:59] {magoo} no
[14:00] {magoo} maybe
[14:01] {Threei}  sigh
[14:01] {magoo} oy
[14:01] {magoo} uhg
[14:01] {Threei}  vey
[14:01] {magoo} wee
[14:01] {Threei}  dino, can you put your elbow in his ribcage?
[14:01] {dino} lol
[14:06] {khaln} ,
[14:08] {dino} mtb to .75
[14:09] {dino} out +.50
[14:10] {dino} opps, +.60
[14:10] {RonS} gj...i took it from .10 to .38  txs
[14:14] {dino} np, gj
[14:16] {Threei}  nice
[14:27] {magoo} LVS creushed vad
[14:29] {dino} v too
[14:29] {Threei}  I don't see it as much of a bouncer
[14:30] {dino} brk/b sm l .25
[14:33] {Threei}  so, after yesterday's daily Show, will president be a new carrier of the honorable title The Dude?
[14:33] {dino} if he's lucky
[14:33] {RonS} almost...The Dud...
[14:33] {dino} lol
[14:34] {magoo} thge dufe
[14:34] {Threei}  and Stewart certainly will go in history books as the only host ever calling president on TV "dude"
[14:46] {dino} entr to .08
[14:46] {dino} bp sm l break .50
[14:47] {dino} entr to .11
[14:49] {dino} tighten
[14:49] {dino} to .24
[14:50] {dino} out .24, +.24 ty ese
[14:51] {dino} insu to .65
[14:52] {dino} davd you take entr
[14:52] {davd} yes, made a mistake and got out too early :(
[14:52] {davd} typo
[14:54] {dino} out insu +.05 bad entry
[14:55] {RonS} jny blood
[15:01] {magoo} out entr .34 ty
[15:08] {magoo} astm parabolic
[15:09] {Threei}  HAL CNBC: Company has planned to put out a full report and response to the spill investigator's report on the Macondo well cement (30.92, -3.50, -10.17%) (related BP CAM RIG )
[15:18] {dino} .
[15:29] {Threei}  no idea what it was with ASTM
[15:29] {Threei}  no news since Oct 20
[15:32] {dino} ree,mcp blood
[15:34] {Threei}  trying to get a feel whether 11 break is wrioth it oln REE
[15:35] {Threei}  probably, but for a scalp at best
[15:35] {magoo} TNA read boss?
[15:36] {magoo} .40 when i ytyped
[15:36] {Threei}  lol
[15:36] {Threei}  let it pull back
[15:37] {Threei}  should give another scalp chance
[15:37] {dino} out brk/b +.06
[15:38] {dino} out jll -.15
[15:38] {dino} back in ten
[15:40] {magoo} not letting me in
[15:40] {Threei}  it will now
[15:40] {Threei}  watch it pullng back to .50
[15:45] {Threei}  feel free to take REE scalp
[15:45] {Threei}  nice and easy 20 cents
[15:49] {Threei}  (CH) China evaluating plans to stockpile rare earth metals beginning in the early part of 2011 - Japan press (related REMX )
[15:51] {Threei}  - Cites activities of China's largest rare earth company Inner Mongiloa Baotou Steel Rare Earth Hi-Tech, which has been testing programs to stockpile the metals
[15:52] {RonS} say that 3 times fast...
[15:52] {Threei}  lol
[15:53] {Threei}  what a barbaric method of managing economy, buying acyual assets... accumuate REMX ETF inmstead, that's civilized and sophisticated
[15:54] {RonS} ...a rare derivative indeed...
[15:54] {Threei}  `desrves to be buried deep in earth
[15:54] {Threei}  rare earth
[15:58] {dino} gn all, thx, good times
[15:58] {larisa} bye :)
[15:58] {Threei}  thank you all, nice day
[15:58] {RonS} cya all
[15:58] {Threei}  have a good evening, see you tomorrow

Wednesday, October 27, 2010

Oct 27 2010

Not very active but productive day, with 4 wins out of 4 calls. No interesting charts though - cookie-cutter stuff.

Session Time: Wed Oct 27 00:00:00 2010
[08:26] {jfjf64} mornin
[08:28] {Threei}  morning jf
[08:29] {jfjf64} had brad from trade ideas creat scan for me  workin rather nicely
[08:29] {jfjf64} you know the move i lk
[08:30] {Threei}  share?
[08:30] {jfjf64} ??
[08:30] {Threei}  I'll gladly look at it
[08:31] {Threei}  you know how to share configuration?
[08:31] {jfjf64} that ame trade yest
[08:31] {jfjf64} lookin for new high
[08:31] {jfjf64} next candle same high
[08:32] {jfjf64} no
[08:32] {jfjf64} dont know how
[08:32] {Threei}  right click on the window with that alert,
[08:32] {Threei}  in dropdown menu opick Collaboration
[08:32] {jfjf64} naa
[08:32] {jfjf64} not set up lk that
[08:32] {Threei}  new window will pop up, with long link in the middle
[08:33] {Threei}  copy it and paste it here
[08:33] {Threei}  or dcc to me
[08:34] {Threei}  what do you mean not set up like that? you do have a window with that new alert, don't you? :)
[08:34] {jfjf64} no
[08:34] {Threei}  huh?
[08:34] {Threei}  where do you get alerts from then??
[08:34] {jfjf64} they have some kind of new company
[08:34] {jfjf64} TIQ
[08:35] {Threei}  you confused me... does alert comes through scanner?
[08:35] {jfjf64} no
[08:36] {jfjf64} different server
[08:36] {Threei}  how do you get the alert?
[08:36] {jfjf64} nothig lk scanner that we have ect
[08:36] {jfjf64} it is scanner   1
[08:37] {jfjf64} min chart
[08:37] {jfjf64} little confusing
[08:37] {Threei}  can you just tell me how you get alert??
[08:37] {jfjf64} stil early
[08:37] {jfjf64} ihv windows set up
[08:38] {jfjf64} but know config
[08:38] {jfjf64} when i right click
[08:38] {Threei}  OK... can you ask Brad to send the link for scanner window} to you otr to me directly?
[08:38] {jfjf64} lk scanner  intalli scan
[08:39] {jfjf64} y
[08:40] {Threei}  tty
[09:01] {ese} morning
[09:01] {Threei}  ese :)
[09:01] {davd} gm all
[09:01] {ese} vad
[09:01] {Threei}  davd :)
[09:01] {ese} jf david
[09:02] {RonS} ese good day all
[09:02] {ese} ron
[09:02] {Threei}  ron :)
[09:03] {jfjf64} ese
[09:06] {ese} anything sticking out for you this morning vad
[09:07] {Threei}  BSDM
[09:08] {Threei}  BSDM Premarket strength attributed to Seeking Alpha (blog) note that suggests BSD could be a takeover target (3.94, 0.00, 0.00%)
[09:08] {ese} interesting move at the end of the day
[09:09] {Threei}  ADBE Adobe Systems Inc Reaffirms Q4 EPS $0.48-0.54 v $0.52e, R$950M-1.0B v $995Me (as given on 09/21) ahead of analyst meeting- Guides Q3 gross margin 37-38% - Guides FY11 Rev +10% y/y
[09:09] {dino} gm
[09:09] {ese} dino
[09:10] {Threei}  dino :)
[09:10] {Les} afternoon all
[09:10] {larisa} gm :)
[09:10] {Threei}  les, larisa :)
[09:11] {larisa} vad :)
[09:12] {ese} mornin laris
[09:12] {larisa} ese :)
[09:13] {ese} les
[09:13] {ese} almost missed ya there
[09:13] {magoo} morn, FFIV must have reported?
[09:13] {ese} yup
[09:14] {ese} beat and raised targets
[09:14] {larisa} BRCM happy
[09:15] {Threei}  FFIV Reports Q4 $0.79 v $0.72e, R$254.3M v $249Me; Announces $200M buyback
[09:15] {Threei}  BRCM Reports Q3 $0.60 (GAAP) v $0.71e, R $1.81B v $1.7Be
[09:15] {Threei}  - Guides Q4 R $1.8-1.9B v $1.8Be; Guides Q4 gross margin flat q/q (51.7% v 53.1% y/y)
[09:16] {ese} thought i saw somewhere this morning and upgrade for BRCM
[09:16] {ese} an
[09:17] {Les} RCL closing in on 40. Gonna get my breakdown today
[09:18] {ese} tsunami maybe
[09:28] {khaln} g morning
[09:28] {Threei}  khaln
[09:29] {Threei}  wow BRCM
[09:29] {Threei}  sharp drop full buck
[09:31] {Les} rcl sharp selloff
[09:31] {Les} not shorting it yet
[09:32] {Threei} Long Setup:  BRCM  .90 break half lot
[09:32] {Threei}  invalidated
[09:33] {Threei}  too deep pullback
[09:33] {Threei} Long Setup:  RIMM  .20 break
[09:33] {Threei}  half lot
[09:34] {Threei}  stop under .10 for scalpers
[09:34] {Threei}  55 day traders
[09:34] {Threei}  all have 1:1
[09:34] {Les} booyah ty
[09:35] {Les} out .39
[09:35] {Les} damn RCL getting dumped
[09:37] {Threei}  1:2 RIMM, out in full
[09:37] {dino} jny sm l .50
[09:37] {Threei} Long Setup:  RCL  .80 break
[09:38] {Threei}  half lot
[09:38] {Threei}  RIMM 1:3, without me
[09:38] {jfjf64} axp
[09:38] {jfjf64} grr
[09:38] {Threei}  RCL invalidated
[09:38] {jfjf64} missed
[09:39] {jfjf64} .10 break
[09:39] {Threei}  VVUS Citadel discloses 5.1% passive stake in VVUS - filing (6.66, +0.20, 3.10%)
[09:42] {dino} jny stopped
[09:43] {dino} itw sm l .85
[09:43] {Threei}  keep an eye on AXP here
[09:43] {Threei}  if market spikes through resistance, .40 break is long trigger
[09:44] {Threei}  forget it
[09:45] {Threei}  (US) PIMCO's Bill Gross releases Nov Investment Outlook:
[09:45] {Threei}  - They say a country gets the politicians it deserves or perhaps it deserves the politicians it gets. Whatever the order, America is next in line, and as we go to the polls in a few short days its incumbent upon a sleepy and befuddled electorate to at least ask ourselves, Whats going on here? Democrat or Republican, Elephant or Donkey, nothing much ever seems to change. Each party has shown it can add hundreds of billions of dollars to the national debt with little to show for it or move our military from one country to the next chasing phantoms instead of focusing on more serious problems back home. This isnt a choice between chocolate and vanilla folks, its all rocky road: a few marshmallows to get you excited before the election, but with a lot of nuts to ruin the aftermath.
[09:46] {Threei}  (US) Preview: Sept New Home Sales due out at 10:00ET
[09:47] {Les} s rcl .59 stop above 40 small shares
[09:47] {Threei} Long Setup:  AXP  .40 break
[09:47] {Threei}  half lot
[09:48] {Threei}  .30 and .25, for scalpers and day traders
[09:49] {Threei}  scalpers 1:1
[09:49] {Threei}  day traders 1:1
[09:52] {magoo} nice bounce brcm
[09:53] {Threei}  this pullback into support should be buyable
[09:53] {Threei}  yeah, it was
[09:53] {Threei}  lol
[09:53] {Les} h&s ccl
[09:57] {Threei}  AXP 1:2
[09:57] {Threei}  out
[09:57] {jfjf64} cmcsk
[09:57] {jfjf64} .23 break
[09:58] {Les} rcl stopped +.15
[09:59] {Les} indexes look ready to break
[09:59] {Threei}  not sure about that
[09:59] {ese} out entr .78 +.20
[10:00] {Threei}  numbers
[10:00] {ese} 9k of the little buggars
[10:00] {Threei}  *(US) SEPT NEW HOME SALES: 307K V 300KE (% M/M)
[10:01] {Threei} Short Setup: RIMM  .50 break
[10:01] {Threei}  if stays under .60
[10:01] {Threei}  1:1
[10:04] {dino} insu sm l .50 break
[10:04] {jfjf64} altr
[10:06] {dino} jny db in making
[10:07] {Les} q's strongest index. rolling over IMO
[10:09] {Les} s ccl .19 stop above .30
[10:09] {Threei} Short Setup: FCX  .25 break
[10:09] {Threei}  half lot
[10:10] {dino} jny sm l .00
[10:10] {jfjf64} out altr
[10:10] {Threei}  invalidated
[10:11] {dino} stop is .79 jny
[10:13] {ese} l amln .93
[10:15] {ese} out amln .06 +.13
[10:15] {Threei} Long Setup:  LVS  41 break
[10:16] {Threei}  BRCD Hearing Pacific Crest making positive comments (14.37, +0.11, 0.77%)
[10:16] {Threei}  MON Hearing Dealreporter speculates BASF could be interested in MON (59.12, +0.14, 0.24%) (related BAS.GE )
[10:16] {magoo} i like BRCM, just cant reenter
[10:17] {jfjf64} jf  wants to cut rist with bananna
[10:17] {Threei}  want its little brother BRCD?
[10:17] {Threei}  just 1 letter difference
[10:18] {magoo} no, his nose runny
[10:18] {Threei}  ok... will tell him to grow up
[10:18] {Threei}  Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:18] {jfjf64} altr  pull bk
[10:22] {jfjf64} nother leg dn 3i
[10:25] {Threei}  on what?
[10:25] {jfjf64} altr
[10:26] {jfjf64} comon
[10:26] {jfjf64} wake up
[10:26] {ese} dino...target jny?
[10:26] {ese} L jny .09
[10:27] {ese} looks to me like guidance is higher..........
[10:27] {Threei}  what's your definition of being wake up I want to know...
[10:27] {Threei}  1 hour into trading days, 7 calls
[10:27] {magoo} MKTS rotting
[10:27] {Threei}  3 of them triggered, all 3 are winners
[10:27] {jfjf64} dont get so seriuos
[10:28] {Threei}  me?? serious??
[10:28] {Les} YOU KNOW WE WANT MORE VAD!
[10:28] {jfjf64} lol
[10:28] {Les} SHOW ME THE MONEY!!!
[10:28] {Les} :)
[10:28] {Threei}  I am serious about one thing only
[10:28] {Threei}  bacon
[10:28] {jfjf64} .50  looks  lk  the spot
[10:28] {Les} that you need to give up vad
[10:28] {ese} EGZACTLY!!!!!!1    thats just not good enough vad........greed is good we want more
[10:28] {jfjf64} resistance earlier
[10:28] {jfjf64} bam
[10:28] {Threei}  now you are trying to do a standup
[10:28] {Les} or you won't be here to lead us in 20 years time
[10:28] {Threei}  hopefully not
[10:29] {ese} lol
[10:29] {Threei}  20 years without bacon - who needs that
[10:29] {Les} stopped ccl +.05 bounce time
[10:30] {magoo} today feels like "the " day to crush mkts
[10:30] {Threei}  DOE CRUDE: +5M V +1ME
[10:30] {Threei}  GASOLINE: -4.4M V 0.0E; DISTILLATE: -1.6M V -1ME
[10:30] {ese} one of these days mags.......looking at index dailys last night and things sure are looking toppy
[10:30] {Les} I know TZA aint your thing vad, but its setting up nice c&h if market drops here
[10:31] {Threei}  EUR/USD Dealer chatter that European central bankers are wary of any Fed QE2 measures
[10:31] {Threei}  who isn't
[10:31] {Les} yeh dealers are a naive bunch
[10:31] {Threei}  TZA support is .65
[10:31] {Threei}  if it gets there, I'd look for entry
[10:32] {Les} not the break?
[10:32] {Threei}  that's likely to be a struggle
[10:32] {Les} damn ccl rolls over and dies on me
[10:33] {ese} L arba .74 and change
[10:33] {Threei}  - Europe doubts the effectiveness of QE2 measures while other might fear the aftermathh of its implementaion
[10:33] {Threei}  - ECB would rather have Gov't maintain their pledges on FX rather than intervene
[10:34] {Les} well they're frikin naive too
[10:35] {ese} dino.......mav?......target for jny
[10:37] {Les} Vad CCL 42 b/d?
[10:38] {Threei}  this moment is highly uncertain: doubl;e nottom or breakdown
[10:38] {Threei}  market overall I mean
[10:38] {Les} maybe bounce first?
[10:38] {Les} yeh good to double check
[10:38] {Threei}  my personal gut feeling, db
[10:38] {dino} jny 15.60
[10:38] {Les} market feels different from yesterday
[10:38] {Threei}  watching RIMM for .50 break if that what happens
[10:39] {magoo} im leaning short today, just my feel
[10:40] {Threei} Long Setup:  RIMM  .45 break
[10:40] {Threei}  if stays above .35
[10:40] {Threei}  aggressive entry for .50
[10:40] {Threei}  see ARCA order?
[10:40] {Threei}  there
[10:41] {Threei}  1:1
[10:41] {Threei}  1:2
[10:41] {Threei}  nice and easy
06[10:41] * Threei pats himself on the back
06[10:42] * Threei promises his gut additional piece of bacon
[10:42] {Les} don't dislocate yourself
[10:43] {ese} caaamon arba......molto viagio!!!!!    more go
[10:43] {ese} logged on to that to late vad
[10:44] {jfjf64} ty
[10:44] {Threei}  *(FR) FRANCE LOWER HOUSE OF PARLIAMENT FORMALLY PASSES PENSION REFORM BILL; AS EXPECTED
[10:45] {Les} course they will. they're all retired by 55
[10:46] {Les} have huuuge respect for Portugese construction crew building this apartment complex
[10:47] {dino} jll
[10:47] {Les} 3+ years. +30 degrees to -10 degrees they work 7am to 5pm
[10:47] {Les} huge slap in the face to tell them to work an extra 3 - 4 years
[10:47] {dino} 3 years to build?
[10:47] {Les} 4 buildings
[10:48] {Les} damn vad you got your db
[10:48] {Les} ccl would have stopped me out if I'd gone for aggressive .05 short
[10:55] {ese} heres a good one:Argentina stocks trading higher after the sudden death of former President Nestor Kirchner, whose wife Cristina Kirchner is the current President
[10:56] {ese} brutal.........
[10:56] {Les} bit of an ego killer yeh
[10:56] {ese} nice to be loved
[10:56] {Threei}  lol
[10:57] {Les} s CCL .14 stop above .25 smallish shares
[10:57] {ese} vad you've probably seen alot of this.....positive country ood every time someone in the Politburo died........
[10:57] {ese} mood
[10:57] {Threei}  lol
[10:58] {Les} $RUT seeing big selling vol.
[10:59] {ese} arba stopped .55 daaaaaaaaa -.18
[11:00] {Les} coverd ccl +.14
[11:00] {Les} unsure of bounce or death here
[11:00] {Threei}  mags, looks like your crash view is about to come true
[11:00] {Les} so mags and vad were both right
[11:00] {Threei}  market feels like holding by fingertips
[11:01] {magoo} just a feel
[11:01] {Threei}  that's what day raders do les...
[11:01] {Threei}  live in the moment
[11:01] {Threei}  there is only Now
[11:01] {Threei}  past passed, future doesn't exist yet
[11:01] {Threei}  here we go
[11:01] {Threei}  fingers let go
[11:03] {dino} 1165 s/p gap 10-19
[11:06] {magoo} caught rimm sh .49 to here .11
[11:06] {magoo} ty vad
[11:06] {Les} s ccl .98 small for a day trade. letting it run
[11:07] {Threei}  good catch mags
[11:07] {Threei}  ese
[11:08] {Threei}  snow in Saskatchewan
[11:08] {magoo} i luv saskat
[11:08] {magoo} greatest whitetail hunting
[11:08] {dino} sm l jll .50
[11:12] {ese} it's about that time for sure
[11:16] {ese} mags you been to saskatchewan
[11:18] {magoo} no...quebec 15 times
[11:18] {magoo} want to
[11:19] {Les} serves him right
[11:19] {RonS} hehehe
[11:19] {Les} {--------- slams the door in Nemo's face, locks the bolt and grabs the shotgun
[11:19] {dino} jll to .45
[11:23] {magoo} doesnt get any better than this lol (nemo)
[11:24] {Les} mibbit can have wicked sense of humour sometimes
[11:24] {nemo} that work?
[11:24] {nemo} Anybody out there?
[11:25] {Threei}  no
[11:25] {Threei}  why?
[11:25] {nemo} DH
[11:25] {nemo} I just installed MIRC on the new computer, so I'm making sure it works
[11:25] {davd} me, watching for a hold at 117.35 on the spy
[11:26] {Les} 17:19 *** nemo was kicked by ChanServ (You are not permitted to be on this channel.) 17:19 Les serves him right
[11:26] {davd} maybe he's on an iPhone?
[11:26] {Les} what did you buy Nemo?
[11:27] {nemo} a new computer
[11:27] {larisa} :)
[11:27] {Les} hardy hardy hardy
[11:28] {Les} Larisa, stop encouraging him
[11:28] {nemo} Hold on, I'll give you all the stats
[11:28] {Threei}  as if he needs encouragement
[11:28] {Threei}  I am yet to see discouraged nemo
[11:31] {dino} skx l .53
[11:31] {Les} Vad u got a playable setup on X?
[11:31] {Threei}  had
[11:31] {Threei}  at 40 break
[11:31] {Les} yeh I see it
[11:31] {Threei}  X marked that spot...
[11:31] {Les} I'm looking for short. obviously not now
[11:34] {nemo} Windows 7 Ultimate (x64) (build 7600)
[11:34] {nemo} 2.60 gigahertz AMD Phenom 9950 Quad-Core
[11:34] {nemo} 256 kilobyte primary memory cache
[11:34] {nemo} 1024 kilobyte secondary memory cache
[11:34] {nemo} 64-bit ready
[11:34] {nemo} Multi-core (4 total)
[11:34] {nemo} ASUS DVD-E616A3 ATA Device [Optical drive]
[11:34] {nemo} HP DVD Writer 640b ATA Device [Optical drive]
[11:34] {nemo} 3.5" format removeable media [Floppy drive]
[11:34] {nemo} 4096 Megabytes Usable Installed Memory
[11:34] {nemo} 500.11 Gigabytes Usable Hard Drive Capacity
[11:34] {nemo} NVIDIA GeForce GTS 250 [Display adapter] (3x)
[11:34] {nemo} Windows 7 Ultimate (x64) (build 7600)
[11:34] {davd} you in skx dino?
[11:34] {nemo} Oh, 4 fans liquid cooled
[11:35] {dino} y
[11:36] {nemo} That sufficient Les?
[11:36] {Les} overkill dude
[11:36] {nemo} Ask me how much I paid for it?
[11:36] {Les} will like to see your display adapter sometime
[11:36] {Les} how much?
[11:36] {Threei}  hey
[11:36] {Threei}  it's a family room
[11:37] {Les} have I said u r evil before vad?
[11:37] {nemo} Well, I have SLI memory that links the three video cards.  I can run up to six monitors
[11:37] {nemo} 500USD
[11:37] {Les} crap, 3 cards!
[11:37] {nemo} Yep
[11:37] {Les} who did u steal it from?
[11:37] {nemo} Haven't gotten rid of the body yet
[11:38] {dino} fell off the truck
[11:38] {Les} fair enough
[11:38] {nemo} didn't put the body in a truck
[11:38] {nemo} Ordered some acid, hasn'
[11:38] {nemo} t come yet
[11:38] {nemo} Hazmat shipping ya' know
[11:39] {dino} jll to .71
[11:42] {dino} to .90
[11:42] {RonS} dino, just noticed skx reports amc
[11:43] {Les} got an account up and running yet Nemo?
[11:43] {dino} y ron
[11:43] {dino} jll to .97
[11:43] {dino} skx is scalp type
[11:44] {dino} to .10
[11:46] {dino} to .30
[11:48] {Les} vad, read on RIMM?
[11:48] {dino} to .50
[11:49] {dino} out jll .49 +1.99
[11:49] {nemo} sent money yesterday.  Should be soon
[11:50] {dino} hmmmm
[11:51] {dino} tough crowd
[11:51] {RonS} does lvs report amc?
[11:52] {Les} ha, sorry dino looking for good restaurants in France for tomorrow. gj
[11:52] {Les} JNY
[11:52] {dino} thx
[11:53] {Les} You still in JNY? your target is?
[11:55] {dino} .50 area
[11:56] {Les} ok l .11 sm shares stop under .90
[12:01] {ese} L cenx .04
[12:02] {Les} x read vad?
[12:02] {Les} .30 break?
[12:03] {Threei}  nah
[12:03] {Threei}  don't like it
[12:10] {Les} ccl .80 b/d?
[12:11] {Threei}  ugh
[12:11] {Threei}  yes
[12:11] {Threei}  sorry, was distracted
[12:12] {Les} so was I
[12:12] {Threei}  lol
[12:14] {dino} brk/b sm l .25
[12:16] {Les} vix +8%
[12:18] {Les} hmmm lower high JNY
[12:21] {dino} things stuck
[12:27] {dino} skx stopped
[12:30] {dino} mee
[12:34] {Les} ccl pivot support .73
[12:34] {Les}  looking for .70 b/d
[12:42] {Les} jny stopped
[12:44] {Les} s ccl .68 stop above .75
[12:44] {kowboy} ntrs no bounce yet
[12:46] {Les} ?
[12:46] {Les} 1 is enough
[12:54] {dino} ntrs sm l .25
[13:04] {RonS} Treasury sells $35 bln in 5-year debt at 1.33%       10/27 11:03 AM
[13:04] {Les} grabbed a bit of CCL short. outta here
[13:04] {Les} off to France tomorrow. c u's Friday
[13:05] {Les} http://www.bistrotdeportlesney.com/uk/index.php#la-cuisine.php
[13:05] {RonS} Indirect bidders buy 39.4% of 5-year sale       10/27 11:04 AM
[13:05] {Les} found me some french cuisine tomorrow. cheers
[13:05] {Threei}  take care Les
[13:05] {Les} oh vad
[13:05] {davd} au revoir
[13:05] {Les} friend of mine telling me about visit to russia
[13:05] {RonS} dont' choke on a snail Les
[13:05] {larisa} bye les :)
[13:06] {Les} sells medical devices to hospitals
[13:06] {Les} and he says they're all frikin vodka drinkers
[13:06] {davd} don't get caught in a riot
[13:06] {Threei}  no way
[13:06] {RonS} lol dave
[13:06] {Threei}  it can't be
[13:06] {Les} 11am the doctors are already in to vodka
[13:06] {Threei}  russians and vodka? never
[13:06] {Les} 11AM!
[13:06] {Threei}  hmmm... they are really late for work
[13:06] {Les} what it is the stuff? a miracle tonic?
[13:07] {RonS} rotflol
[13:07] {Les} ciao
[13:07] {Threei}  just something against the thirst
[13:07] {dino} sometimes yes les
[13:13] {ese} out cenx ..16 +.12
[13:13] {ese} falling asleep
[13:13] {magoo} oldie but a goodie here .."vad, we in anything?"
[13:13] {ese} dino....you still L jhy
[13:14] {Threei}  ummm
[13:15] {Threei}  took me a while to remember right answer
[13:15] {Threei}  COMA!
[13:18] {dino} y
[13:27] {dino} skx rinsed
[13:29] {dino} ntrs to .45
[13:31] {dino} ty kowboy ntrs
[13:31] {kowboy} yw dino I was out too early
[13:31] {dino} out +.20
[13:40] {ese} been a good day from my point of view....but gotta go.....cya tomorrow
[13:41] {Threei}  take care ese
[13:41] {RonS} ...have fun Mitch...
[13:41] {RonS} ...Mitch Miller time...
[13:49] {dino} cya es
[13:53] {dino} slow afternoons still
[14:12] {Threei}  (US) US and South Korea finish free trade pact talks with no agreement
[14:13] {magoo} so are we going to war against s. korea then ? lol
[14:14] {Threei}  well,
[14:14] {Threei}  - Trade talks surrounded the beef and auto trade
[14:14] {Threei}  so unless they give up their cows and cars...
[14:20] {nemo} well...off to try and kill something
[14:26] {dino} gl
[14:32] {dino} jny to .15
[14:36] {dino} to .19
[14:37] {dino} out +.19'
[14:40] {Threei}  don't see news for this spike
[14:40] {dino} itw to .95
[14:41] {dino} brk/b to .35
[14:42] {dino} rally
[14:45] {dino} brk/b to .45
[14:45] {dino} itwvto .00
[14:46] {jfjf64} watchin altr
[14:47] {jfjf64} .20 break
[14:47] {dino} out brk/b +.20
[14:47] {jfjf64} hold .15
[14:48] {dino} have to leave early. thx all, good time
[14:48] {dino} out itw .01, +.16
[14:49] {jfjf64} invalid
[14:53] {jfjf64} ree
[14:55] {Threei}  take care dino
[14:57] {magoo} vad, if IF mkts roll over last hour, candidates?
[14:58] {Threei}  down?
[14:58] {magoo} of course
[14:58] {magoo} if IF mkts roll over last hour,
[14:59] {Threei}  RIMM
[14:59] {Threei}  ALTR
[15:10] {jfjf64} mmr
[15:13] {magoo} bidu sh now loss .00
[15:13] {magoo} risky
[15:14] {magoo} crap..hit .89 in sec
[15:16] {magoo} ok, good
[15:16] {magoo} d
[15:17] {magoo} .11 stop
[15:17] {larisa} with BIDU you can say good, bad, and blink once, all in 1 sec :)
[15:26] {RonS} pomo a.m. again...
[15:37] {jfjf64} c/h
[15:37] {jfjf64} mchp
[15:37] {jfjf64} nice vol
[15:51] {Threei}  I don't see any signs of reversal
[15:51] {Threei}  intraday that is
[15:51] {Threei}  finishing at the high
[15:51] {magoo} no, unbelievable mkt strength really
[15:52] {magoo} dip nbuyers alive and well
[15:52] {Threei}  feels like election will be the nearest decision point for the market
[15:52] {Threei}  plus next day QE2 decision
[15:53] {Threei}  i=until then we either climb or simply stay locked
[15:53] {magoo} im not a bear, but we havent had any significant retreat
[15:53] {Threei}  well, everyone was so sure it was time for one
[15:53] {Threei}  that it was rather obvious it was not going to happen :)
[15:54] {magoo} well, the longer it does not happen as whats been going on
[15:54] {magoo} the more people think we nree one
[15:54] {magoo} so in that concept
[15:54] {magoo} never retreats
[15:55] {Threei}  no
[15:55] {Threei}  at some point opposite happens
[15:55] {Threei}  skeptics give up and say, yep, it's for real, up we go
[15:55] {Threei}  and buy in, and recommend buying
[15:55] {Threei}  and that's when last spike occurs
[15:56] {Threei}  trapping last echelon
[15:56] {Threei}  and leaving them to hold the bag
[15:56] {Threei}  it's all about pain teshold
[15:56] {magoo} well, all the media heads now expect mkts to sell the news of election and qe2
[15:57] {magoo} so should not happen since they have not given up
[15:57] {magoo} meanin rally into november
[15:57] {Threei}  if that's what majority expects and position themselves accordingly, then it won't happen
[15:57] {Threei}  it simply can't
[15:58] {Threei}  because if they all sold in that expectation, who is left to sell?
[15:58] {Threei}  but I don't see that in charts
[15:58] {Threei}  I see sustained buying
[16:01] {Threei}  tank you all
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {magoo} tank u

Tuesday, October 26, 2010

Oct 26 2010

Flat day with couple wins, couple stops and a whole lot of invalidations. No interesting charts either. 

Session Time: Tue Oct 26 00:00:00 2010
[08:36] {Threei}  JASO Raises Q3 shipment guidance to exceed 410 MW vs 375MW prior; cites strong customer orders and higher than anticipated production and shipments
[08:36] {Threei}  Euro vs US Dollar Reportedly CitiFX Technician close out previously long Euro positions
[08:36] {Threei}  **Reminder: On Oct 20th Citigroup analysts recommend building long positions in the pair. At the time Citi note suggested to re-establish longs at 1.3845, target 1.5145, stop 1.3550.
[08:37] {Threei}  lol
[08:37] {Threei}  X Reports Q3 -$0.35 (unclear if comp) v $0.22e, R$4.5B v $4.4Be
[08:38] {strider} wow
[08:40] {strider} MIPS
[08:41] {Threei}  MIPS Guides Q2 $0.11-0.12 v $0.12e, Rev $21-23M v $20Me - conf call
[08:41] {Threei}  - Guides FY10 $0.47-0.50 v $0.46e, R$83-86M v $82Me
[08:41] {davd} morning strider threei :)
[08:41] {Threei}  davd :)
[08:41] {strider} morning everyone
[08:42] {kowboy} gm
[08:42] {Threei}  strider, kowboy :)
[08:42] {strider} what about X pre-0pen, as a short?
[08:43] {Threei}  40 break...
[08:43] {Threei}  well... as reliable as pre-market is, it's a valid setup
[08:43] {davd} strengthening dollar would help an X short
[08:43] {strider} would stop need to be .50?
[08:43] {Threei}  no way
[08:43] {strider} .30?
[08:44] {Threei}  max
[08:44] {Threei}  .20 is valid resistance too
[08:44] {strider} offering .99
[08:44] {strider} short .40
[08:46] {Threei}  barring unforeseen news, dollar should start bouncing these days, IMO
[08:46] {davd} case schiller 15 minutes
[08:47] {strider} stop to b/e X
[08:47] {Threei}  I covered .83
[08:47] {Threei}  that was fun
[08:47] {Threei}  SVNT Plans to announce kyrstexxa price and begin shipping in Dec (12.07, 0.00, 0.00%)
[08:51] {strider} oh well, out b/e
[08:51] {dino} gm all
[08:51] {Threei}  dino :)
[08:53] {dino} x big miss huh?
[08:53] {dino} veco ws fun last night strider
[08:54] {strider} type O positive?
[08:54] {Threei}  honestly, I would expect much bigger drop with that miss dino
[08:55] {dino} me too 3i
[08:55] {dino} lol strider, caught .70 move
[08:55] {Threei}  RCL Reports Q3 $1.64 v $1.57e, R$2.06B v $2.1Be
[08:56] {Les} what? trading without the rest of us?
[08:56] {strider} not good enough
[08:56] {Threei}  Guides FY10 EPS $2.43-2.47 v $1.94e
[08:56] {kowboy} cpla huge drop on no volume
[08:56] {Les} morning
[08:56] {Threei}  hey les
[08:56] {Threei}  - Guides Q4 EPS $0.08-0.12 v $0.16e
[08:56] {davd} gm dino kowboy les strider
[08:57] {Threei}  a bit more details on X:
[08:57] {Threei}  United States Steel Corp Reports Q3 -$0.35 (unclear if comp) v $0.22e, R$4.5B v $4.4Be
[08:57] {Threei}  - Flat rolled income -$174M v $98M q/q
[08:57] {Threei}  - US Steel Europe income -$25M v $19M q/q
[08:57] {Threei}  - Tubular income $112M v $96M q/q
[08:57] {Threei}  - Q3 shipments 5.6M tons, -5.0% q/q
[08:57] {Threei}  - FX impact gain of $0.96 per diluted share
[08:57] {dino} lowered guidance i think
[08:58] {strider} RCL moves
[08:59] {strider} short X again .05
[08:59] {ese} morning
[09:00] {Threei}  ese :)
[09:01] {ese} hey vad
[09:01] {Threei}  CCL seems to be moving in sympathy
[09:02] {Threei}  *(US) AUG SP/CASESHILLER-20 Y/Y: 1.7% V 2.1%E; HOME PRICE INDEX: 148.59 V 148.91 PRIOR (related XLF XHB )
[09:03] {magoo} morning
[09:03] {larisa} gm :)
[09:03] {ese} mags laris
[09:03] {Threei}  magoo, larisa :)
[09:03] {larisa} vad, ese, mags :)
[09:06] {magoo} F blowout qtr and now drops'
[09:06] {ese} watched Wall Street 2...Money never sleeps on the weekend.......Gecko is back
[09:06] {Les} any good?
[09:07] {strider} cover X .79 +.26
[09:07] {Les} nice one st. thought u were about to get trapped there.
[09:07] {ese} hmmmmmmm was ok......it was basically a mock up of the real estate crash
[09:07] {Les} market plays nice
[09:08] {dino} gj strider
[09:08] {Les} yeh I figured the fiction of this film can't be more incredible then what the banksters have really done
[09:08] {ese} references to the banks ineptitude......
[09:08] {ese} yup you got it
[09:08] {Threei}  funny how everything and everyone focused on banks...
[09:09] {Threei}  and the role of the goverment that inspired whole debacle is totally ignored
[09:09] {Les} well of course
[09:09] {Les} govt. is there to help us
[09:09] {ese} good point
[09:09] {Threei}  simple question:
[09:09] {Threei}  why canadian n=banks didn't do anything of kind?
[09:09] {Les} http://miburl.com/a7gGa2
[09:09] {Threei}  what, greed ends at 40th parallel?
[09:10] {Les} cause they're Canadian Vad!
[09:10] {Les} above link is Mauldin newsletter. Quoting book written by insider in lending industry at height of the scam
[09:10] {Threei}  goverment created a framework in USA that opened this door and mtivated this behavior
[09:10] {ese} canadian banking structure is a whole lot more solid in terms of reserves to be kept to back loans etc etc...
[09:11] {Threei}  right, and on top of that,
[09:11] {Threei}  there was no push for lending money to those who had no means of repaying
[09:11] {Threei}  no goverment guarantees for such loans
[09:12] {Threei}  thus no subprime
[09:12] {Les} well shame on the canadian govt.
[09:12] {ese} someone might know this answer but i don't believe we've ever had a bank failure in Canada
[09:12] {Threei}  so, if banks are guilty - they are guilty of playing the game goverment has created
[09:13] {Threei}  so how come it's banks all the way now that blame assigning time came?
[09:13] {Les} cause govt is here to help!!!!
[09:13] {Threei}  yep
[09:13] {Les} how many times I gotta say it
[09:14] {Threei}  let's give houses to those who can't afford them, let's buy their votes, let's be kind and merciful
[09:14] {Threei}  never mind that this kindness will kill those same we claim to take care of
[09:14] {Threei}  good intentions, you know...
[09:14] {ese} hmmmmmm
[09:16] {Threei}  don't believe it ese? look up the role of Clinton administration that started this push, stood behand FNM/FRE guaranteeing those sybprime mortgages
[09:17] {Threei}  creating "riskless" money for banks
[09:17] {ese} was just about to say....wasn't it that admin that set this all in motion
[09:17] {Threei}  sure
[09:17] {Threei}  Barney...
[09:18] {Threei}  and look at it from bank point of view
[09:18] {Threei}  grab a homeless off the street,
[09:18] {Threei}  give him a mortgage,
[09:18] {ese} ya....i remember that......plus deregulating hedge funds....or something like that
[09:18] {Threei}  get guarantee from FNM
[09:18] {Threei}  insure via AIG,
[09:19] {Threei}  goverment stands behind both,
[09:19] {Threei}  what's banks risk?
[09:19] {davd} then sell it to the third market 3i
[09:19] {Threei}  zero, and it has a good deed on its balance - more people are housed
[09:19] {Les} damn Vad that sounds just like story of Stalin
[09:19] {Threei}  why on Earth wouldn't bank do it?
[09:19] {ese} well we know what that risk is now........people sell the stock off if theres no profits
[09:20] {Threei}  that risk lied in gioverment not being able to sustain the pyramid,
[09:20] {Threei}  but who thought of that at the time?
[09:20] {Les} maybe the odd congressman who understood that money doesn't grow on trees
[09:21] {strider} no.  It comes from cash cows.
[09:23] {strider} VLTR theflyonthewall.com:  Volterra downgraded to Accumulate from Buy at Craig-Hallum :theflyonthewall.com
[09:23] {strider} so how doyou accumulate without buying?
[09:24] {ese} downgraded to "accumulate".......holy flippin........what the hell kinda contradiction in terms is that
[09:25] {strider} yeah, but you shouldn't buy.
[09:25] {ese} man.....the double speak in this industry gets stupid beyond stupid
[09:25] {strider} maybe steal?
[09:25] {Threei}  well
[09:26] {Threei}  "buy" means just hit the offers
[09:26] {Threei}  buy all you can at any price available
[09:26] {khaln} g morning
[09:26] {ese} lol
[09:26] {Threei}  "strong buy" - scream at your broker and send market orders
[09:26] {Threei}  khaln :)
[09:26] {ese} k
[09:26] {Threei}  accumulate - try to get in on pullbacks, wait for better prices
[09:27] {Threei}  break your entries down by partials
[09:27] {Threei}  etc
[09:27] {Threei}  RCL
[09:27] {Threei}  .50 break
[09:27] {Threei}  too volatile... but watching
[09:29] {Les} big zone of consolidation RCL at this price going back yeaaaaaaars
[09:30] {jfjf64} mornin
[09:30] {kowboy} ccl b/o after open?
[09:30] {Threei}  jf :)
[09:31] {Threei}  could be... but the risk is going to be very high
[09:31] {kowboy} ok ty
[09:31] {Threei}  (US) CFTC releases update on 'market manipulation'; no specific rules on high frequency trading, open to public comment (related ITG GS )
[09:31] {Threei}  lol
[09:31] {Threei} Long Setup:  CCL  .60 break half lot
[09:31] {magoo} RCL?
[09:32] {Threei}  no, CCLC
[09:32] {Threei}  invalidated anyway
[09:32] {dino} driv sm l .75
[09:32] {Threei}  CCL
[09:32] {Threei}  recalibrate
[09:32] {Threei}  .50 break
[09:32] {Threei}  stop under .40
[09:32] {Threei}  grrr... too fast?
[09:33] {strider} a little :)
[09:33] {dino} s/p gap filled fri and wed
[09:33] {magoo} RIMM nuts
[09:34] {jfjf64} athr
[09:35] {jfjf64} ??
[09:35] {dino} veco sm l .90
[09:35] {Threei}  ATHR Guides Q4 $0.48-0.51 v $0.65e, R$220-225M v $252Me - conf call
[09:36] {Les} oh so that's why it is popping!
[09:36] {Les} starting to like rcl short
[09:36] {Les} .50?
[09:36] {Les} maybe not
[09:36] {Threei}  nope
[09:37] {magoo} read on RIMM vad STRONG
[09:38] {Threei}  well, need it to form something
[09:38] {Threei}  so far it's just straight up
[09:40] {Threei} Short Setup: CAT  .90 break half lot
[09:40] {dino} out driv .15, +.40
[09:40] {Threei}  (US) Preview: Oct Consumer Confidence due out at 10:00ET
[09:40] {Threei}  (US) Preview: Aug House Price Index due out at 10:00ET
[09:40] {Threei}  (US) Preview: Oct Richmond Fed Manufacturing Index due out at 10:00ET
[09:41] {Threei}  invalidated
[09:41] {Les} some irrational enthusiasm getting round this morning
[09:42] {Les} athr 30 short following a bounce or consolidation? u interested?
[09:42] {RonS} pomo morning Les...starts at 10:15 edt
[09:42] {Les} aaaah
[09:42] {Les} wish the Fed would just cut me a check
[09:42] {Threei}  ATHR is a bounce candidate
[09:43] {Threei}  30 break
[09:43] {Threei}  stop under .90
[09:44] {Threei}  nope, not ready yet
[09:45] {Les} RIMM topping out?
[09:45] {Les} or ready for next break?
[09:45] {RonS} lol Les...they are...u live in Swiss dollar land...
[09:45] {dino} veco to .31
[09:45] {RonS} franc...
[09:46] {dino} to .50
[09:46] {Threei}  probably break RIMM
[09:46] {Les} I ain't rich enough to appreciate that favour Ron
[09:46] {dino} to .60
[09:46] {Les} ATHR weak
[09:46] {Les} pump n dump
[09:46] {Threei}  .50 half lot
[09:47] {Threei}  stop under .35
[09:47] {strider} out +.10 scalp
[09:48] {Les} ditto
[09:48] {dino} to .79
[09:48] {jfjf64} lvs
[09:48] {dino} to .90
[09:48] {Threei}  yeah, safer way to play it
[09:48] {Threei}  market is really hectic
[09:48] {Les} yeh scaring me
[09:48] {dino} to .10
[09:48] {Les} you in X dino?
[09:49] {dino} veco
[09:49] {Les} k
[09:49] {Threei}  1:1 RIMM
[09:49] {dino} to .30
[09:49] {Les} veco spike
[09:49] {Les} athr spike sorry
[09:50] {dino} out .45, +1.55 veco
[09:50] {strider} that's a felony
[09:51] {Les} short ATHR bounce here vad?
[09:52] {Threei}  wtg dino
[09:52] {Les} or pullback for long?
[09:52] {Threei}  not sure
[09:52] {Threei}  RIMM 1:2, out
[09:52] {ese} hmmmmmmm   roll up the rimm to win
[09:53] {ese} roll that r sound
[09:53] {Threei}  numbers are close, and there are a lot of them
[09:56] {dino} insu
[09:57] {dino} gap around 23
[09:57] {jfjf64} .70 s  rimm
[09:57] {jfjf64} ??
[09:58] {Threei}  no
[09:58] {jfjf64} lol
[09:58] {Threei}  but...
[09:58] {Threei}  market seems to be forming "last gasp"...
[09:58] {Threei}  2 min till numbers...
[09:59] {Threei}  shot candidates if market reverses:
[09:59] {Threei}  LVS .70 break
[09:59] {Threei}  *(US) OCT RICHMOND FED MANUFACTURING INDEX: +5 V 1E
[09:59] {Threei}  2 more sets of numbers
[10:00] {Threei}  *(US) AUG HOUSE PRICE INDEX M/M: 0.4% V -0.2%E
[10:00] {Threei}  *(US) OCT CONSUMER CONFIDENCE: 50.2 V 49.9E
[10:00] {Threei}  hmmm
[10:00] {Threei}  rosy
[10:00] {dino} we die another day
[10:00] {Threei}  yes lol
[10:01] {Les} rimm recross of 54'
[10:01] {strider} X approaching resis.
[10:01] {Les} ?
[10:02] {Threei}  can't tell yet les
[10:02] {Threei}  1-2 bars arenot enough for a valid chart formastion
[10:02] {Les} OK
[10:02] {dino} insu sm l .51 gappy
[10:03] {dino} sm l itw .54
[10:04] {Threei}  RCL CFO: early patterns are encouraging for next year, yield improvements are expected to continue in FY11 - conf call
[10:06] {Threei}  DCTH Hearing strength attributed to chatter a large pharma interested in a large investment in the company (8.96, +0.40, 4.67%)
[10:08] {Les} RCL CCL starting to top out
[10:08] {Threei}  RCL conf call in progress
[10:08] {Les} ok
[10:08] {strider} h&s RCL
[10:09] {Les} it's a pancake man strider
[10:09] {strider} I like pancakes.
[10:10] {Threei} Short Setup: LVS  .95 break
[10:10] {Les} is that his little pinhead at 9:52?
[10:10] {Threei}  if stays under .05
[10:11] {dino} insu stopperd
[10:11] {dino} -.33
[10:11] {ese} L entr avg .57
[10:11] {Threei}  invalidated
[10:12] {Threei}  not off radar though
[10:12] {Threei}  looking for double top
[10:12] {Les} rimm dropping fast
[10:12] {Threei} Short Setup: LVS  40 break if stays under .12
[10:13] {ese} .57580276    to be exact........must be as accurate as possible on the board....vad demands it
[10:13] {Threei}  rofl
[10:14] {ese} high standards and all that.......cheerieooo hip hip what ohhhh
[10:14] {Threei}  invalidated
[10:14] {Les} rimm .50?
[10:14] {Threei}  long? no
[10:15] {Les} ok no recross?
[10:15] {Threei}  not yet
[10:15] {Threei}  now, maybe
[10:16] {Threei}  if holding .35
[10:17] {Threei}  RIMM Hearing Jefferies making cautious comments (timing uncertain) (23.60, -0.01, -0.04%)
[10:17] {ese} spy gets by .60 and were talkin bout an nice up day.....imo
[10:17] {Threei}  great timing
[10:19] {ese} everyone i know.......hates there Blackberry..........it's only a matter of time for rimm
[10:19] {Les} out flat
[10:19] {Threei}  ADBE Hearing renewed takeover chatter circulating (28.41, +0.21, 0.74%) (related MSFT )
[10:20] {ese} opps wait....i do know someone who does like theres but the face of it busted
[10:20] {Threei}  - Microsoft again rumored as a potential acquirer (Note: On 10/19 the CEO noted wouldnt comment on rumors and valued Adobe's independence)
[10:21] {nemo} How goes the mornin?
[10:21] {ese} dude!!!!!!!!!!!!!
[10:21] {Threei}  RIMM 1:2
[10:21] {nemo} dude
[10:21] {Threei}  rather well, expect many invalidated trades
[10:22] {nemo} hey vad...what's that video recording software for the computer so you can record trades?
[10:23] {Les} RCL
[10:23] {Threei}  camtasia
[10:23] {Les} sounds like porn
[10:23] {khaln} lol
[10:23] {strider} disney porn
[10:24] {ese} ceva
[10:24] {dino} aan
[10:24] {ese} jus missed that
[10:24] {ese} poped up a buck in a flash........yo
[10:25] {Threei}  IBM Authorizes $10B in stock buyback (5.7% of market cap) (141.42, +1.58, 1.13%)
[10:25] {Threei} Long Setup:  X  .95 break
[10:26] {Threei}  if stays above .80
[10:27] {Threei}  invalidated
[10:28] {Les} RCL still in CC?
[10:28] {Threei}  don't know
[10:28] {strider} lot if ITW for sale at .54
[10:28] {strider} of
[10:28] {RonS} is aan frozen or what?  look at spread...
[10:28] {Threei}  lol
[10:29] {Threei}  it was halted, circuit breaker
[10:29] {RonS} 7 mil sh short
[10:33] {strider} short X .8, stop hod
[10:33] {strider} ...........78
[10:33] {strider} .78
[10:33] {strider} there
[10:33] {Threei}  looks right to me
[10:34] {Threei}  with any market help should go to about .50
[10:35] {strider} got some MAs to bust
[10:36] {Threei}  bust them it will
[10:36] {Threei}  1:1
[10:40] {strider} stec
[10:43] {Threei}  STEC Ticking higher on Patent office disclosure of patent filing for solid state memory (15.23, +0.62, 4.24%)
[10:45] {strider} X to b/e
[10:46] {magoo} i have apptmt, cu all later
[10:46] {Threei}  take care mags
[10:46] {Les} ciao
[10:49] {strider} styopped b/e....lousy trade
[10:49] {Threei}  just oversat it
[10:50] {strider} yeah....greedy
[10:52] {strider} Did that twice today.
[10:55] {Threei}  A Taoit Trader course can't come soon enough
[10:55] {jfjf64} short lvs
[10:55] {jfjf64} .29
[10:55] {Les} RCL bouncing on support. Still waiting for entry
[10:57] {dino} insu sm l .00
[10:58] {Les} s RCL small shares .47 stop above .80
[11:05] {RonS} pomo done...mkt pullback
[11:05] {Les} wish I'd shorted the bounce instead of the bottom - doofus
[11:06] {nemo} ww.alcpu.com
[11:06] {nemo} sorry
[11:07] {strider} we know
[11:10] {RonS} Fed buys $2.5 billion in Treasury bonds       10/26 09:10 AM
[11:10] {kowboy} mcox open ipo
[11:11] {RonS} Dealers offer Fed $11.305 bln in long-term debt       10/26 09:10 AM
[11:11] {strider} there's the move in X I was looking for
[11:12] {nemo} si.com
[11:12] {nemo} oops
[11:13] {strider} starting to decompensate, nemo?
[11:13] {nemo} no...two computers
[11:14] {Les} who's tony romo?
[11:14] {nemo} quarterback for Dallas Cowboys
[11:14] {Les} right. just checking out your si.com
[11:14] {ese} America's and mine as well
[11:14] {RonS} mincemeat for NY Giants
[11:14] {ese} team
[11:16] {dino} j e t s
[11:16] {Les} RCL stopped. I deserved that
[11:16] {RonS} i figure ese for a Calgary buckaroos fan
[11:16] {nemo} and the giants
[11:16] {RonS} jets jets jets
[11:16] {Les} what are you people talking about?
[11:16] {ese} i love those comercials where supports of one team move into the neighbourhood of another team and the community of the team that they've moved into just treats them like Sh*&.......too funny
[11:17] {RonS} u got directv?
[11:17] {khaln} football
[11:17] {RonS} real football
[11:17] {Les} yeh I know. wierdos
[11:17] {RonS} not auzzie, not soccer...
[11:18] {RonS} :D
[11:18] {ese} I think it's the Greenbay community one where that women in the bar squeezes a wet rag she's just used to clean the counters over some beers..
[11:19] {ese} too get those guys out of the area
[11:19] {Les} vad CCL .90 b/d?
[11:20] {RonS} dino whatch thinkin tgt insu?
[11:20] {ese} Saskatchewan Roughriders Ron........Live and die by that team....grew up 3 blocks north of Taylor Field as a kid........Ron Lancaster and George Reed were heros
[11:20] {dino} 23
[11:21] {RonS} wow
[11:21] {ese} yup....that was Lancasters number dino
[11:21] {RonS} lol
[11:21] {ese} that is a wow
[11:21] {dino} lol
[11:23] {Threei}  let's see if it stays flat while market rises, les
[11:24] {Threei}  if it does then yes, .90 break will become a shirt trigger when market reverses
[11:24] {ese} speaking of the jets.....where or what is joe Namuth up to
[11:25] {RonS} similar to the rest of us...old durnk who mashes young women...
[11:25] {RonS} drunk
[11:25] {Les} well can't be like me
[11:26] {RonS} ok, u not old...
[11:26] {Les} I'm a young drunk mashin old woman
[11:26] {RonS} lol
[11:26] {Les} wife has 11 years on me
[11:26] {strider} GS interesting downtrend
[11:26] {ese} aahhhhhhhhemmmmmm!!!!!!!!!     now now
[11:26] {RonS} whoa
[11:27] {strider} MIPS salmon
[11:31] {RonS} wow lvs
[11:32] {RonS} dang dino insu shows 3.4 mil sh short...don't these guys need to cover?
[11:36] {dino} strange. report was good, guidance confirmed.
[11:36] {dino} brb
[11:36] {RonS} To Jesse Livermore: "Did you cover that short?' No. "Why not?" I want to wait a few days and make sure that it is really dead.
[11:40] {RonS} brb?
[11:40] {strider} indigestion
[11:40] {strider} be right back
[11:43] {strider} back around 1:30
[11:44] {dino} cyt sm l .50
[11:45] {RonS} great pix:  http://www.msnbc.msn.com/id/39836433?GT1=43001
[11:47] {Les} rcl/ccl showing weakness. just took my first scalp of ccl b/d of 95
[11:47] {Les} beginning to fail support
[11:51] {Les} no if only the market would play ball
[11:51] {Les} now if
[11:53] {Threei}  Only 14% Prefer Government-Regulated Economy Over Free Market
[11:53] {Threei}  1% prefers market, 85% answer "huh?"
[11:55] {Les} huh?
[11:55] {Threei}  right
[11:55] {Les} they don't wanna be disturbed from their sitcoms hey?
[11:55] {Les} glued to the tv
[11:55] {Threei}  why sitcoms... there are plenty other valuable things to do not to be distracted from
[11:55] {Threei}  football
[11:55] {Threei}  hockey
[11:56] {Threei}  amrican idol
[11:56] {Les} all the same crap
[11:56] {Threei}  reality shows
[11:56] {Threei}  so, don't underestimate how busy we are
[11:58] {RonS} ...the real problem is that very few understand what "government regulated" and "free market" even mean...or what the current state is now, and what iit has been in the past, or may be in the future...
[12:00] {RonS} ...it is now those on the inside (of governmen), vs. those on the outside.  The municipal unions are killing the country, similar to what the industrial unions did in the '70's
[12:00] {RonS} ...and then those koolaid drinking teachers...
[12:01] {RonS} ...and govt contractors who love big govt...and big business who love regulation to stifle competition.
[12:02] {RonS} Adam Smith detailed the dynamic 235 yrs ago.
[12:03] {RonS} ...sorry, guess i had to vent.  :/
[12:05] {RonS} meantime, look at the picture i posted...they are fantastic
[12:05] {RonS} pictures
[12:06] {Threei}  very cool ones
[12:07] {Threei}  have I shown my last catch?
[12:07] {Threei}  http://photography.realitytrader.com/
[12:09] {dino} lol ron, but i see it too
[12:11] {Threei}  (UK) BoE's Posen: Easy monetary policy does not cause asset bubbles, FX appreciation does not increase asset bubbles
[12:11] {dino} insu ron
[12:11] {RonS} out insu +.61
[12:11] {Threei}  wtg
[12:11] {dino} gj
[12:11] {Threei}  how about this:
[12:11] {Threei}  - Raising interest rates in an open economy can fuel asset bubbles by attracting capital inflows.
[12:12] {dino} brb
[12:14] {dino} seems backwards
[12:15] {RonS} i sure miss Milton Freidman...the idiocy of the current regime is staggering
[12:15] {Threei}  oh good... I am not the only one feeling I suddenly moved to parallel universe
[12:15] {RonS} ...actually dino that cna occur, but not in this environment
[12:15] {Threei}  which turned out to be perpendicular
[12:17] {Threei} Long Setup:  RIMM  .50 break
[12:17] {Threei}  if stays above .40
[12:26] {Threei}  nope
[12:34] {Threei}  Preview: (US) Treasury's $35B 2-year note auction results due just after 13:00ET
[12:43] {Threei}  rinse
[12:44] {Threei}  wow
[12:45] {Threei}  'em are fighting words:
[12:45] {Threei}  CH) China Minister: US' dollar issuance is 'out of control', US is attacking China with inflation
[12:45] {Threei}  - NOTE: earlier today Chinese press cited a Chinese minister as saying China has been impacted by imported inflation, due to higher commodity prices.
[12:45] {Threei}  imported inflation - I knew we did export something to China
[12:46] {Threei}  in the morning:
[12:46] {Threei}  07:59:20
[12:46] {Threei}  (CH) China Minister: China has been impacted by imported inflation, due to higher commodity prices - Xinhua
[12:46] {Threei}  - 2011 exports will likely stabilize while imports will likely increase.
[12:51] {RonS} Bernanke to China:  "but it is not "core" inflation so it does not matter."
[12:51] {dino} roflol
[12:52] {Threei}  hehe
[12:52] {RonS} ...the highly intelligent US population understands this. What is wrong with you?
[12:52] {dino} nothing moving
[12:55] {RonS} ...btw, my coffe went up 20% last week...guess it thought it was health care...
[12:55] {RonS} coffee
[12:58] {RonS} rimm...really?
[13:00] {RonS} if bidu had not pslit...it would be $1120 and have to change its name to Berkshire Hathaway
[13:07] {RonS} GS 50 yr bond: hey, if the Mexican government can do a 100 yr, why not?
[13:08] {larisa} Ron is bored to death :)
[13:08] {RonS} ;)
[13:08] {RonS} too much of that high priced coffee...
[13:08] {larisa} lol
[13:09] {larisa} you need some exciting trade, like shorting RCL or something :)
[13:11] {Threei}  RIMM is about to bust through 55 it seems
[13:13] {larisa} I will bet you a dollar it will not break 55 :)
[13:14] {Threei}  you got a bet
[13:15] {larisa} just trying to stay awake :)
[13:15] {Threei}  (US) TREASURY'S $35B 2-YEAR NOTE AUCTION DRAWS: 0.40%; BID-TO-COVER RATIO: 3.43 V 3.78 PRIOR AND 3.20 AVG OVER LAST 10 AUCTIONS
[13:15] {Threei}  38.3% allotted at the high
[13:15] {Threei}  - Indirect bidders take 40% of competitive bids, direct bidders take 15.9%, primary dealers take 44.1%.
06[13:16] * Threei puts bird seeds at 55.01 for RIMM's consumption
06[13:16] * Threei puts a carrot at 55.02
[13:16] {RonS} ...something is messing w/ my mibbet...
[13:16] {RonS} ok, that does not sound right...
[13:16] {Threei}  lol
[13:17] {Threei}  here kitty kitty
[13:17] {RonS} nflx...holy smokes
[13:18] {Threei}  there
[13:18] {larisa} oh oh
[13:18] {Threei}  my dollar please
[13:18] {larisa} you bribd it, does not count
[13:18] {Threei}  sigh
[13:19] {RonS} ...send him dime, by the time it gets there that will be what its worth
[13:19] {Threei}  lol
[13:19] {Threei}  what am I China?
[13:19] {RonS} hehehe
[13:22] {RonS} seems to be some real running 'o the shorts on these super-heated stocks: lvs, nflx, bidu
[13:30] {RonS} ...did ya hear?...early voters in nevada are going to the polls...only to find out that hey have already voted for Harry Reid...
[13:30] {RonS} ...election officials..."there is no fraud"
[13:30] {Threei}  sheesh
[13:42] {larisa} good thing I did not bet on 56 :)
[13:42] {Threei}  lol
[13:44] {dino} ron, insu at .90
[13:45] {RonS} gj
[13:45] {dino} :D
[13:45] {dino} feels higher
[13:46] {RonS} u channeled your inner paitence...
[13:47] {dino} inner luck
[13:49] {Threei}  RIMM is becoming hysterical
[13:49] {Threei}  end must be near
[13:52] {Threei}  lime clockwork
[13:52] {RonS} ...hearing aapl getting hit on aapl buyout of nflx rumor
[13:53] {dino} cyt stopped -.31
[13:57] {Threei} Short Setup: LVS  .50 break
[13:57] {Threei}  if stays under .60
[14:01] {Threei}  RIMM is down iver a dollar from remark
[14:02] {Threei}  too bad there was no setup
[14:02] {Threei}  damn discipline
[14:03] {ese} .
[14:03] {ese} just checkin in....it's miller time..........errrr ummm choir time
[14:03] {ese} cya
[14:04] {Threei}  take care ese
[14:04] {dino} cya es
[14:11] {strider} .
[14:13] {dino} insu to .99
[14:19] {Threei} Long Setup:  RIMM  .55
[14:19] {Threei}  half lot
[14:20] {Threei}  invalidated
[14:20] {Threei}  word of the day
[14:22] {dino} insu to .19
[14:24] {dino} out half insu .33, +1.33
[14:24] {dino} stop on rest .25
[14:26] {dino} out remainder .25, +1.25
[14:27] {Threei}  beautiful
[14:27] {dino} thx
[14:28] {nemo} folks...found an awesome little ram defrag utility that doesn't bog down the system and is almost instantaneous
[14:28] {nemo} if you use freestockcharts it could be important
[14:28] {nemo} because of the frickin' memory leak
[14:28] {nemo} in Silverlight
[14:28] {nemo} it's called cleanmem
[14:30] {Les} belt up Nemo
[14:30] {Les} HRBN pop
[14:32] {Les} damn what did X do wrong? it's dead
[14:33] {Les} CAT b/d vad. interested?
[14:35] {Les} Vad gone for a drink?
[14:37] {dino} w/x report it should be bloody dead
[14:38] {Threei}  market seems to reverese back up Les
[14:40] {Les} k
[14:42] {RonS} deck close to a breakout...prob off coh report
[14:43] {Les} dino u got svnt read?
[14:49] {dino} up
[14:53] {Les} k
[14:56] {RonS} dang dino, we should have been on that OI story...stock hit on Chavez nationalization of 2 OI plants...only 5% of their profit
[14:57] {RonS} ah, for the days of gunboat diplomacy...or ronald reagan...
[14:57] {jfjf64} sle
[14:58] {Les} don't worry, I'm sure Chavez is on a contigency security plan somewhere in the pentagon
[14:58] {Les} if ever needed by white house diversionary team
[14:59] {RonS} ...but the O base idolizes him...and he is half of the New World Order
[14:59] {Les} RIMM break of 55
[14:59] {Les} b/d
[15:01] {RonS} LVS feels like it wants 41 imo...
[15:02] {Threei}  with market spiking, easy
[15:02] {RonS} lari bet would seal the deal...
[15:03] {jfjf64} lk pullbk first
[15:03] {Les} SVNT db dino
[15:03] {Les} l .87
[15:04] {Threei}  LVS is almost there
[15:05] {larisa} ron, it hurts :)
[15:06] {Les} u hunt for us a reversal setup on LVS vad?
[15:06] {Threei}  I don't see it
[15:07] {Threei}  overall, I have to say, either this is weord day or I am out of tune today a bit
[15:07] {Threei}  slightly positive for the day, but so many invalidations
[15:08] {Threei}  it usually happens when I structure setups well but go against the grain
[15:08] {Threei}  so they do not trigger, no harm,
[15:08] {Les} interesting that russell 2k much lower than SPY. looking read to fall
[15:08] {Threei}  but invalidations are so numerous, we would be beter off goling other way around
[15:10] {RonS} pomo pump is keeping underlying bid in market. weak pullbacks...grinds higher...chinese water torure shorts.
[15:10] {Les} I'm an idiot SPY lower than IWM
[15:10] {RonS} torture
[15:11] {dino} sm l colm .65
[15:14] {Les} wow Arcelor's CEO Mittal bearish on steel moving forward
[15:14] {Les} oops guess Ben didn't think his inflation thingy through did he?
[15:14] {RonS} morning story Les
[15:15] {Les} evening story here Ron
[15:15] {Les} and Vad knows I never listen to him
[15:16] {RonS} vad did not post, read elsewhere...thought the guy was in india...u should have heard it first...:)
[15:16] {Threei}  I don't even kniw who he is
[15:16] {Threei}  and why anyone cares
[15:16] {Les} I care
[15:16] {Threei}  LVS 1 cent shy, lol
[15:17] {larisa} he lives in Londin, btw :)
[15:17] {RonS} needs that Larisa push...:)
[15:17] {larisa} London
[15:18] {dino} x was a bit bearish on steel too this am
[15:18] {RonS} London...India...becoming the same thing...:O
[15:18] {Threei}  41
[15:19] {Les} high prices for coal and iron ore, but can't jack up the price of steel? Where's our economic recovery?
[15:19] {RonS} supply & demand les...versus commodity speculation
[15:20] {Les} sure. I guess Ben 'the chopper' gets a big fat F in economic management
[15:21] {Les} vad RIMM 55 break?
[15:21] {jfjf64} ame l .88
[15:21] {Threei}  looks so...
[15:22] {Les} out SVNT +.05. going lower
[15:23] {jfjf64} 1/1
[15:23] {Threei}  good one jdf
[15:23] {Threei}  jf
[15:23] {jfjf64} half out
[15:24] {jfjf64} ty 3i
[15:25] {jfjf64} bollinger  keeps climbing
[15:27] {Threei}  LVS seems to be preparing for another leg
[15:27] {Les} out RIMM +.13 ty vad
[15:27] {Threei}  :)
[15:28] {Les} and just by the hair of my chinny chin chin
[15:28] {larisa} where was the stop ? :)
[15:28] {larisa} .75, bottom of range?
[15:28] {Les} oh why do you have to ask embarrasing questions like that Larisa?
[15:29] {Les} .80
[15:29] {Les} under
[15:29] {jfjf64} jf llks ame
[15:29] {jfjf64} lol
[15:29] {Threei}  js and ame...
[15:29] {Threei}  sitting in the tree...
[15:29] {Les} cover SVNT +.10 on loss of .80
[15:30] {Les} I am net .42 cents after that RCL fiasco this morning
[15:30] {Les} will call it a day. c u's tomorrow
[15:30] {dino} cya les
[15:30] {larisa} bye les
[15:30] {Threei}  take care les...
[15:30] {Threei}  what fiasco?
[15:31] {larisa} guess was looking for reversal on RCL
[15:34] {RonS} mips monster
[15:38] {dino} back in ten
[15:42] {jfjf64} .80 s mips
[15:42] {jfjf64} break
[15:43] {jfjf64} still live
[15:44] {jfjf64} invalid
[15:44] {Threei}  it jumps up and down through levels
[15:44] {Threei}  hsrd to tell
[15:45] {jfjf64} very jumpy
[15:45] {jfjf64} .79 tempting
[15:45] {jfjf64} imo
[15:46] {Threei}  IMO... short it aggressively
[15:46] {Threei}  keep tight stop
[15:46] {jfjf64} yup
[15:47] {jfjf64} .90
[15:47] {jfjf64} gettin late
[15:48] {Threei}  13 min
[15:48] {jfjf64} they keepim it up
[15:54] {jfjf64} good night all
[15:54] {Threei}  take care jf
[15:57] {dino} cya
[15:57] {RonS} have a good evening all & thanks
06[15:57] * larisa slaps RonS around a bit with a large trout
[15:58] {RonS} lol
[15:58] {larisa} :)
[15:58] {Threei}  bye ron
[15:59] {dino} out colm -.12
[15:59] {Threei}  thank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {larisa} calls of RIMM break at 55 and short at 56.50 would make our week. We need to be braver or invent "crazy calls" category :)
[16:00] {larisa} bye all
[16:00] {dino} lol
[16:00] {Threei}  yeah
[16:01] {Threei}  except I know how brave trders end
[16:01] {larisa} I know too :)
[16:01] {Threei}  I know you know :)
[16:01] {larisa} lol
[16:06] {dino} some blood, brcm, ffiv
[16:06] {dino} eqix luv