Friday, February 4, 2011

Feb 04 2011

Another boring day with not much happening. Pretty much what can be said about the whole week.

Session Time: Fri Feb 04 00:00:00 2011
[08:20] {magoo} morning
[08:26] {nemo} rip or rot on the jobs number
[08:27] {jfjf64} mornin
[08:27] {nemo} nice analysis jf
[08:27] {jfjf64} ty
[08:28] {nemo} looks like rim headed at leat for 65 maybe 65.40
[08:30] {nemo} good number
[08:30] {nemo} oops
[08:30] {Threei}  *(US) JAN UNEMPLOYMENT RATE: 9.0% V 9.5%E
[08:31] {nemo} bids and offers totally dried up on IWM
[08:31] {Threei}  S) JAN CHANGE IN NONFARM PAYROLLS: 36K V 146KE
[08:31] {nemo} they'll blame it on the weather
[08:31] {Threei}  CHANGE IN PRIVATE PAYROLLS: 50K V 145KE- Change in Manufacturing Payrolls: 49K v 10Ke
[08:32] {Threei}  US) JAN AVG HOURLY EARNING M/M: 0.4% V 0.2%E; AVG WEEKLY HOURS: 34.2 V 34.3 PRIOR
[08:32] {nemo} well...if those numbers can't keep the market down
[08:32] {Threei}  those are strange numbers
[08:32] {Threei}  no wonder market is confused
[08:32] {nemo} Well, not really
[08:32] {nemo} Employers aren't hiring as expected
[08:33] {nemo} So...there demand is up so they're probably paying more overtime and more overall without taking on the added fixed costs of new employees
[08:33] {nemo} their demand
[08:33] {jfjf64} labor force disappers
[08:34] {Threei}  CNN said "report is funky"
[08:34] {nemo} you expect some newsreader to have a clue?
[08:34] {jfjf64} bloomberg   ditto
[08:35] {nemo} Aren't you glad you have me to explain it?
[08:35] {Threei}  god yes
[08:35] {jfjf64} always  cd count on  nemo  to  figure  out
[08:36] {nemo} Look I can come up with fantasies as well as the next guy
[08:36] {nemo} I see tck decided to break right after I left yesterday
[08:37] {nemo} rimm continuing higher
[08:39] {dino} gm all
[08:39] {nemo} yet to be determined
[08:39] {jfjf64} dino
[08:39] {nemo} wow, cstr took another dump right to my short target damn
[08:43] {Threei}  dino :)
[08:44] {dino} hmm, sgg sold af, 94.45, +1.20
[08:45] {Threei}  (US) PIMCO's Bill Gross: Calls US unemployment data 'Schizophrenic'; economy needs more direct involvement by the govt - radio interview
[08:45] {Threei}  - Fed unlike to increase rates within the year; maybe seeking a more 'normal' figure, possibly an unemployment figure of less than 8%.
[08:45] {Threei}  oh yes
[08:45] {Threei}  that's exactly what economy needs, even more involvement by govt
[08:46] {dino} expected 150 and 9.5%, got 36k and 9%. wow, somebody's math is backwards
[08:47] {Threei}  that's what we thought
[08:47] {Threei}  but then nemo came and exp[lained it all away
[09:01] {Threei}  you folks may or may not be happy to learn this:
[09:01] {Threei}  (MX) MEXICO JAN CONSUMER CONFIDENCE: 92.3 V 91.5E
[09:01] {Threei}  it is colder today in Dallas than in Anchorage
[09:01] {Threei}  global warming in action
[09:02] {RonS} gm...everyone should focus on the labor force participation rate.  the unemployment percentage can, is, and does fall when fewer people look for work.  they have given up.  a turn in the jobs market will come when the numberjobs number posted is high and the unemployment percent goes up
[09:03] {Threei}  very true Ron
[09:03] {Threei}  this is fine detail many ignore
[09:03] {Threei}  that numbers are based on people looking for work
[09:06] {RonS} hope ese is careful with that ldk.  the pwer report could affect the whole sector.
[09:11] {Threei}  funniest phrase I read today, rushing to share:
[09:11] {Threei}  I don't suffer from insanity, I enjoy every moment of it
[09:13] {strider} morning
[09:13] {Threei}  strider :)
[09:20] {Threei}  LVS is too wierd today
[09:20] {Threei}  I'll skip its first moves, gotta let first emotions work themselves out
[09:20] {nemo} perfect for you...match made in heaven
[09:20] {Threei}  well... true...
[09:20] {commaman} Hi - Vad
[09:20] {Threei}  morning commaman, welcome to the room
[09:20] {commaman} Thanks
[09:20] {Threei}  see private p[s
[09:21] {RonS} ,,,
[09:21] {nemo} cute ron
[09:21] {nemo} wonder if he wears a cape
[09:21] {commaman} ok
[09:21] {RonS} just saying hi in his language...:)
06[09:22] * nemo slaps commaman around with a large Strunk & White
[09:22] {Threei}  boy... and YOU folks are not weird, eh
[09:22] {ScottM} Morning
[09:22] {Threei}  I say there is good reason why you are here
[09:22] {Threei}  Scott :)
[09:22] {ese} morning
[09:23] {nemo} place makes us feel normal
[09:23] {Threei}  ese :)
[09:23] {ese} welcome scottand  comm
[09:24] {nemo} why couldn't he be ampersandman or diaresis man
[09:24] {Threei}  my concern about the open is, this funky jobs report created a lot of uncertainty
[09:24] {nemo} Gung Hey Fat Choy
[09:24] {Threei}  can result in quite weird unreadable moves
[09:25] {Threei}  I prefer to sit out first minutes
[09:25] {Threei}  let's see what market elects, usual "shrug it all off and climb up the wall of worry" or more sane "let's finally reverse down and drop"
[09:26] {Threei}  my bet so far is on latter
[09:26] {Threei}  umm
[09:26] {Threei}  no, former, sorry
[09:26] {Threei}  I didn't change my mind, I just forgot what I typed 30 seconds ago
[09:27] {ese} gung ho first chance...... you get.........i nemo? that right
[09:27] {nemo} ?
[09:27] {Threei}  larisa :)
[09:27] {larisa} gm :)
[09:27] {ese} i get that right nemo
[09:27] {ese} laris
[09:27] {nemo} get what right?
[09:28] {larisa} vad, ese, nemo :)
[09:28] {ese} gung ho first chance
[09:28] {nemo} no, Happy New Year-Year of the Rabbit
[09:28] {Threei}  welcome to our asylum larisa - the only place on earth where conversation between ese and nemo makes sense
[09:28] {nemo} that was low
[09:28] {ese} ese ducks in his chair waiting for inevitable smack
[09:29] {nemo} XXXOOO Lari
[09:29] {Threei}  here is another man who doesn't suffer from his insanity
[09:30] {Threei}  Ok opening is upon us
[09:30] {ese} ?
[09:30] {Threei}  refers to:
[09:30] {Threei}  09:11] {Threei} I don't suffer from insanity, I enjoy every moment of it
[09:31] {nemo} wow..subdued open..wtf
[09:31] {Threei}  watching X
[09:31] {nemo} makes 2 of us
[09:31] {magoo} 3
[09:32] {Threei}  want one more leg down for entry
[09:32] {Threei} Short Setup: SLW  .50 break
[09:32] {Threei}  if stays under .60
[09:33] {Threei}  same setup
[09:33] {Threei}  first trigger was too fast
[09:33] {nemo} second too
[09:33] {Threei}  nope, just right
[09:33] {magoo} missed second
[09:34] {magoo} dont like 3rd
[09:34] {Threei}  slowpokes...
[09:34] {nemo} if mags missed I don't feel badly
[09:34] {Threei}  1:1
[09:35] {nemo} in rimm .60
[09:35] {magoo} what we missed was x
[09:35] {Threei}  X never gave clean entry
[09:35] {Threei}  yeah
[09:35] {Threei}  1:2 SLW
[09:35] {nemo} 1/2 .74
[09:35] {Threei}  OK, here comes X for double bottom
[09:36] {Threei}  prepare half lot
[09:36] {nemo} stop .58
[09:36] {magoo} sheesh x tho, crazy
[09:36] {Threei}  SLW 1:3, out in full
[09:36] {Threei}  X is a bit too nervous still
[09:37] {jfjf64} ya  think
[09:37] {Threei}  not really
[09:37] {jfjf64} needs  prozak
[09:37] {Threei}  the day when I start thinking can just as well be the day I start eatuing boroccoli
[09:37] {Threei}  both are very unlikely
[09:37] {larisa} eatuing boroccoli
[09:38] {nemo} cmon rimm wtf
[09:38] {nemo} 1/4 more .84
[09:38] {Threei} Long Setup:  X  .40 break
[09:38] {Threei}  haklf lot!!
[09:38] {Threei}  if stays above .20
[09:39] {Threei}  invalidated
[09:39] {ese} l pwer .30
[09:39] {ese} sm
[09:40] {nemo} out last rimm
[09:40] {Threei} Long Setup:  X  .10 break
[09:40] {nemo} I've got an .08 support zone above 60 for x
[09:40] {Threei}  half lot
[09:41] {nemo} then .85
[09:41] {Threei}  if stays above .95
[09:41] {Threei}  invalidated'
[09:41] {Threei}  60
[09:42] {Threei}  stop under .85
[09:42] {dino} dlb, cpx
[09:42] {Threei}  should be ready
[09:42] {Threei}  not a scalp
[09:42] {Threei}  target is about 60.40
[09:43] {Threei}  possible .55
[09:43] {Threei}  1;1
[09:43] {Threei}  stop to under .90
[09:44] {Threei}  ok... scalpers win
[09:44] {Threei}  still too weird, X
[09:46] {Threei}  LVS selling picks up
[09:46] {Threei}  SLW meanwhile...
[09:47] {Threei} Long Setup:  SLW  .67 break
[09:47] {Threei}  if stays above .60 for scalpers, .55 day traders
[09:47] {RonS} take out rumor on RSH
[09:48] {dino} trgl
[09:48] {dino} sm l .15
[09:48] {dino} gappy careful
[09:49] {RonS} trgl...France wants to put a brake on shale exploration       02/04 04:23 AM
[09:49] {nemo} love it, Middle East about to go Muslim right, and everybody stops looking for energy
[09:49] {RonS} Paris-based independent Toreador Resources (TRGL:$13.06,00$-3.53,00-21.28%) is at the vanguard of the French shale search after snatching over half of the exploration permits in the Paris basin and could delay its first exploration drillings in the Seine-et-Marne department near the capital.
[09:50] {Threei}  no go slw
[09:51] {dino} thx ron, saw it earlier
[09:52] {Threei} Long Setup:  LVS  47 break half lot
[09:53] {Threei}  stop under .80
[09:55] {jfjf64} pesty
[09:55] {Threei}  take too long
[09:55] {jfjf64} agree
[09:55] {nemo} yeah, I was out at .04
[09:56] {Threei}  hmm
[09:56] {jfjf64} not follwin  mkt
[09:56] {Threei}  that's abit drastic
[09:56] {nemo} to back and forth on T&S
[09:56] {nemo} for me anyway
[09:57] {RonS} shld...???
[09:57] {Threei}  trailing to .90
[09:57] {dino} afop sm l .40 stop .29
[09:57] {Threei}  out
[09:58] {Threei}  this is the weirdest open in a while
[09:58] {jfjf64} fade
[09:59] {dino} zolt
[10:01] {Threei}  second try LVS
[10:01] {dino} nptn
[10:01] {Threei}  in, stop under .90
[10:01] {Threei}  half lot again
[10:02] {nemo} support .87
[10:02] {Threei}  touched 1:1 but too fast
[10:03] {Threei}  out
[10:03] {Threei}  leaving it be for now
[10:04] {dino} trgl stopped
[10:04] {ese} L pss .45
[10:04] {ese} sm
[10:05] {RonS} pss...10.5 mil sh short
[10:05] {magoo} vad, x?
[10:06] {Threei}  I don't like how it acts mags
[10:06] {ese} tks ron
[10:06] {RonS} np
[10:06] {Threei}  SLW rinsed
[10:06] {dino} out afop .70, +.30
[10:07] {RonS} gj
[10:09] {dino} ty
[10:09] {magoo} u in anything dinbo?
[10:09] {Threei} Short Setup: AIG  .05
[10:09] {magoo} oops, dino lol
[10:09] {ese} nice dino...thought about that one
[10:09] {Threei}  look at AIG daily
[10:10] {jfjf64} lol
[10:10] {ese} out pss ..60 +.15
[10:10] {jfjf64} cd fallllllllllllllllllllllllllllllllllllllllllllllllll
[10:10] {RonS} gj ese
[10:10] {jfjf64} going  down down  down
[10:11] {jfjf64} little boss
[10:11] {Threei}  this thing loses 40, there is no telling how low it can go
[10:11] {jfjf64} got  sprigsteen  playin
[10:11] {Threei}  stop for scalpers abkve .15, day traders .20
[10:12] {jfjf64} going down down down
[10:12] {dino} lol
[10:15] {dino} cpx sm l .50
[10:17] {ese} tks ron.....
[10:18] {dino} trgl sm l .15
[10:18] {jfjf64} in
[10:18] {magoo} in sh aig
[10:19] {nemo} me too
[10:20] {nemo} out
[10:20] {dino} out cpx .80, +.30
[10:20] {magoo} out
[10:20] {dino} out trgl .55, +.40
[10:22] {Threei}  wtg
[10:22] {magoo} nice
[10:22] {RonS} groovy
[10:23] {dino} ty
[10:24] {ese} L pwer avg .16
[10:25] {ese} might want to check this one out dino pwer
[10:25] {ese} dn 2 bills and a bit reasonable earnings report
[10:27] {dino} ok
[10:28] {Threei}  SPY sudden bout of happiness
[10:28] {dino} brb
[10:29] {ese} i like the way your thin ones move though alot better than the way pwer is moving
[10:29] {ese} tooth decay time frame comes to mind
[10:30] {nemo} cstr short somewhere vad?
[10:31] {Threei}  yes but this is a very treacherous one
[10:31] {Threei}  finding exact entry is questionable proposition here
[10:32] {dino} cpx break of .25 l
[10:32] {nemo} 50 ma?
[10:32] {Threei}  dunno... feels like it has another spikke in it
[10:32] {dino} ugh, computer crash
[10:32] {nemo} you don't say?
[10:36] {Threei}  AIG no go
[10:36] {Threei}  so far I am far from delighted by today
[10:37] {nemo} kinda' like "beautiful from afar, but far from beautiful"
[10:39] {ese} hmmmmmm you aesthetic you.........
[10:39] {nemo} you say the nicest things
[10:40] {ese} ya ......like .....ehhhhhh
[10:40] {nemo} spy doing the wedge thing again
[10:43] {ScottM} rimm
[10:46] {ese} not yet if your gonna go long
[10:46] {dino} atmi sm l .04
[10:47] {ese} still selling off.......mags(magoo) is the rimm expert though......
[10:49] {ScottM} Took Rimm on break of descending triangle... out a little too soon
[10:49] {Threei}  day tradres, cover half AIG here
[10:49] {Threei}  for once they win over scalpers
[10:50] {ScottM} Exits big challange for me
[10:50] {Threei}  stop for the balance to above b/e
[10:50] {ese} did you make the AGI call vad..........nice one
[10:50] {dino} wow pwer for being crushed trades in tight range
[10:51] {ese} ya.....tooth decay time frame though
[10:51] {ese} if it does nothin now i'm out even
[10:52] {ScottM} Back in p.m.... thanks all.
[10:52] {Threei}  bid 1/4 more at 1:2
[10:52] {Threei}  take care Stocc, we will be here
[10:52] {Threei}  most likely
[10:52] {ScottM} lol
[10:52] {Threei}  sorry, Scott...
[10:52] {ese} cya scott
[10:52] {Threei}  I am dikslexksic
[10:53] {Threei}  1:2 AIG, 1/4 more out
[10:53] {nemo} spy pivot .44
[10:53] {RonS} x plunge
[10:53] {Threei}  stop to above 40
[10:53] {nemo} mos too
[10:53] {Threei}  want to seea top of a bounce and trail stop there
[10:54] {nemo} wonder if people are getting out of some of the high fliers because of egypt
[10:54] {dino} doesn't really seem so
[10:54] {dino} new highs every other day
[10:55] {nemo} spy in lower trendline range
[10:56] {Threei}  a choice now - cover at 1:3 or continue trailing
[10:56] {jfjf64} me cover
[10:56] {jfjf64} ty ty
[10:56] {Threei}  welcome sir
[10:57] {Threei}  I'll try to ride it a tad more
[10:57] {Threei}  just out of pure greed
[10:58] {Threei}  and respect to daily chart where there is nothing but air
[10:59] {ese} out pwer .24 +.08
[11:00] {ese} couldn't take it any longer
[11:02] {dino} ese rocking today, +5
[11:05] {Threei}  larisa
[11:05] {Threei}  do I have your permission to say it?
[11:06] {dino} cpx stop-.35
[11:08] {larisa} I gave up long time ago :)
[11:08] {Threei}  thank you!
[11:08] {Threei}  mini-crash!
[11:10] {jfjf64} slw
[11:10] {jfjf64} bouce  time
[11:10] {jfjf64} ?
[11:10] {Threei}  probably
[11:10] {jfjf64} 34.00
[11:10] {Threei}  .20 break
[11:11] {Threei}  if holding .10 for scalpers, day low for day traders
[11:11] {dino} cpx sm l .40
[11:12] {Threei}  montreal police arrested a driver for speed vioolation - 240 km/h
[11:13] {Threei}  150m/h
[11:13] {RonS} in snow?...
[11:14] {magoo} must been a cab driver
[11:14] {nemo} mcp
[11:14] {jfjf64} holdin
[11:14] {jfjf64} lol
[11:15] {RonS} Kowalski driving?
[11:20] {dino} out cpx .00, +.60
[11:20] {jfjf64} gj
[11:20] {RonS} gj
[11:20] {dino} thx
[11:21] {jfjf64} v
[11:21] {nemo} in iwm .50
[11:22] {magoo} beauty dino
[11:23] {dino} :D
[11:24] {magoo} out here ty cpx + .44
[11:25] {Threei}  wtg
[11:25] {Threei}  SLW 1:1
[11:25] {magoo} piggied dinbo
[11:25] {magoo} i have l SLW off your call
[11:26] {Threei}  scalping or for a day trade?
[11:26] {dino} gj
[11:26] {Threei}  scalp's reached
[11:26] {magoo} trying for .4-0 area
[11:26] {nemo} X
[11:28] {nemo} enr short dino?
[11:29] {dino} dlb sm l .00
[11:30] {dino} not watching it
[11:30] {dino} tdw fast fall
[11:32] {dino} missed it
[11:34] {dino} tdw sm l .75
[11:36] {dino} no go stopped
[11:37] {nemo} gap dino
[11:38] {RonS} where support nemo?
[11:38] {RonS} tdw 5.3 mil sh short
[11:39] {nemo} potentially right here because that was the breakout level, below that 53.93-.67
[11:40] {dino} db?
[11:41] {nemo} dk
[11:41] {dino} the 55.25 are wall
[11:41] {dino} area
[11:42] {nemo} personally...I'd want to see a retest
[11:43] {dino} zolt
[11:44] {dino} it did re-test nemo
[11:44] {nemo} Saw that, not convinced
[11:44] {dino} dlb stopped .95, -.05
[11:44] {nemo} then again I'm a wuss
[11:46] {dino} things are whippy and wide today
[11:46] {dino} axe spike
[11:46] {RonS} dlb v sm l .86
[11:46] {dino} and drop
[11:49] {nemo} what's that dolby labs?
[11:49] {RonS} yep...Doctor Ray's place...
[11:50] {nemo} To think I had an outboard dbx box waaaaay back, much better than dolby, but he was already everywhere
[11:52] {dino} tdw higher lows/highs
[11:53] {nemo} fi can get above price of those huge volume bars, that, I think, is a reasonable confirmation,  however, lunchtime....on a Friday, on Egypt blow-up weekend
[11:54] {RonS} dlb...ubiquitous licensing produced annuities that fueled devlopment, repeat
[11:54] {RonS} drop today on PC market outlook...to me speaks to ipad penetration
[11:55] {nemo} whaddya' think tdw dino?
[11:56] {dino} waiting at 54.75
[11:57] {RonS} oil futes at 88.60
[11:57] {RonS} risk premium coming out
[12:00] {dino} gj dlb
[12:01] {dino} frickin' rinsed me
[12:05] {ese} ya......i can't find anything with enough momo to make anything work
[12:06] {Threei} Long Setup:  REE  .36 break
[12:06] {Threei}  stop under .30
[12:07] {dino} beauty dlb ron
[12:08] {dino} cpx wants re-test
[12:11] {magoo} vad..xplain what u see in REE please...no criticizing, just dont see it
[12:12] {Threei}  pullback from testing the high, volume dried up on pullback
[12:12] {Threei}  price started turning up
[12:12] {magoo} ah..ok
[12:12] {Threei}  good spot for low risk entry
[12:12] {nemo} .30 50 ma
[12:13] {Threei}  6-7 cents stop
[12:13] {Threei}  and look at daily
[12:13] {Threei}  moot point now anyway
[12:13] {Threei}  but that was what formed to play
[12:14] {dino} .07 all red
[12:18] {RonS} AT&T plans to start taking preorders Feb. 13 for the Motorola Atrix 4G, a smartphone with enough power to drive a laptop dock with a full screen and keyboard.
[12:19] {RonS} The Atrix comes with dual-core 1-GHz processors, 1 GB of RAM, and 16 Gb of internal storage, which can be expanded to up to 48 GB via its microSD card slot. The smartphone runs Android version 2.2, called Froyo, and offers Motorola's Motoblur, a contact and social networking service.
[12:20] {RonS} The Atrix is AT&T's first smartphone to carry the 4G label, even though the company is not scheduled to start deploying its long-term evolution (LTE) network until later this year. In the meantime, people can use the carrier's HSPA+ network. The carrier says data speeds with the Atrix will reach a maximum of 14.4 Mb per second.
[12:23] {dino} atmi to .24
[12:24] {RonS} dlb to .66 target 56.08
[12:25] {dino} wtg
[12:25] {dino} good times
[12:25] {jfjf64} gj/rs
[12:26] {RonS} ree .3765 to .44 thnaks for the idea 3i
[12:26] {dino} smoke 'em if ya git 'em
[12:26] {jfjf64} slw
[12:26] {jfjf64} 34 break
[12:26] {dino} tdw wakey wakey
[12:28] {Threei}  Ron :)
[12:31] {jfjf64} ton shares  .05
[12:32] {Threei}  I like the break
[12:32] {Threei}  as an idea
[12:32] {jfjf64} stop ?
[12:32] {Threei}  as for oarticular entry, Ron finds them better this week than I do
[12:32] {jfjf64} .20
[12:32] {jfjf64} too big ?
[12:32] {Threei}  feels to me like the way to go is to let them break, then rinse,
[12:32] {Threei}  and enter as rinse is over
[12:33] {Threei}  it seems to be what ron is doing with those of my calls that fail as an exact setup while working as an idea
[12:33] {RonS} out dlb .84 +.98
[12:33] {Threei}  ok, that's indecent
[12:33] {RonS} thanks dino
[12:34] {dino} gj ron, you're kicking my butt on my own calls
[12:34] {jfjf64} gj /rs
[12:34] {RonS} dlb alrady has covered a dollar range twice today..
[12:34] {RonS} had
[12:34] {dino} my stop was too tight
[12:35] {Threei}  yours too dino?
[12:35] {Threei}  butt I mean
[12:35] {Threei}  ron does that to me regularly {G}
[12:35] {RonS} ya, and i went v sm...and would have added on a selloff
[12:35] {Threei}  let's designate to him "exact entry finder" status
[12:36] {RonS} i wish...
[12:36] {dino} someone kick tdw up
[12:36] {dino} he's been getting better entries on my own calls all week
[12:37] {nemo} leech
[12:37] {ese} .
[12:37] {Threei}  lol
[12:38] {Threei}  count on nemo to define things in succinct, rude yet strangely engaging way
[12:38] {dino} tdw to .75
[12:38] {dino} atmi to .28
[12:38] {nemo} I idolize leeches
[12:38] {nemo} and snakes
[12:38] {nemo} scorpions
[12:38] {nemo} hate sheep
[12:38] {nemo} that's for other reasons
[12:38] {dino} out tdw +.25
[12:39] {nemo} interesting volume action tck
[12:39] {nemo} imo oc
[12:39] {nemo} lied fcx
[12:40] {nemo} don't know my left from my right
[12:42] {dino} you right is on the side of the wall clock
[12:43] {nemo} o.k.  due for our daily run to new highs
[12:43] {nemo} I don't have one, that's my problem
[12:44] {nemo} enr dino
[12:45] {dino} out atmi .37, +.33
[12:45] {dino} not my type nemo
[12:46] {dino} brb
[12:46] {ese} aiyeeeeeeeeeeeeeeeeeeeeeee L glw .16
[12:50] {Threei}  REE started slow climb
[13:00] {RonS} osk
[13:02] {RonS} took break, just readinf re nemo and sheep...is that 'cause she dumped you?
[13:03] {nemo} I don't like to talk about it
[13:03] {RonS} rotflol
[13:04] {RonS} gene wilder...one of the funniest scenes on film
[13:04] {Threei}  lol
[13:04] {nemo} it's sogotpt for tck
[13:05] {RonS} is that a mag word?
[13:05] {nemo} acronym so the janitor doesn't get pissed
[13:07] {nemo} Ever have one of those days where you fell and missed the floor?
[13:08] {dino} cpx sm l .00
[13:08] {nemo} rimm...mmmhhhhh
[13:09] {nemo} where's your stop Dino?
[13:12] {nemo} rimm short vad?
[13:13] {nemo} oops, nevermind, just saw support, not much but
[13:13] {Threei}  I think so, .80 break
[13:13] {Threei}  but ask Ron for better entry
[13:14] {jfjf64} lol
[13:14] {magoo} mkts bouncing
[13:14] {magoo} rimm near lows
[13:14] {magoo} i thought long
[13:15] {nemo} except it hasn't been following market, new highs coming
[13:15] {magoo} notorios for spikes tho
[13:15] {magoo} its positive
[13:16] {magoo} up god dammit LOL
[13:19] {RonS} look ssnc volume
[13:21] {Threei}  seems mostly one huge block
[13:24] {dino} aeis sm l .00
[13:24] {nemo} spy looks like it's really gonna' bust through
[13:24] {ese} ooooouuuuuuuuttttttttttt glw .14  -.02      man that was stupid!!!!!!!!  don't what came over me.......boredom thought i could hit it for 6 or 7 cents........sheesh
[13:25] {ese} gotta go anyway....cya monday
[13:25] {RonS} cya ese
[13:26] {ese} cya ron
[13:26] {Threei}  taje care ese
[13:26] {ese} cya vad
[13:28] {dino} cya es
[13:29] {nemo} sneeze, was just thinking about you
[13:31] {dino} epoc
[13:32] {Threei}  so, hiastory repeats once again? SPY breaks high and climbs to new highs?
[13:32] {nemo} not yet, but likely
[13:33] {Threei}  the SLW is going to proceed to about .80
[13:33] {Threei}  yhe = yhen
[13:33] {Threei}  y=t
[13:34] {Threei}  sigh
[13:37] {jfjf64} look  lvs  chart ??
[13:37] {jfjf64} when  last time lk that
[13:38] {Threei}  well, LVS got all weird after earnings
[13:40] {dino}  zzzzzzzzzz
[13:40] {jfjf64} early  happy  hour  my  friend
[13:40] {jfjf64} ty 3i
[13:40] {jfjf64} outta here
[13:40] {Threei}  welcome sir
[13:41] {Threei}  have a good weekend
[13:41] {jfjf64} super bowl
[13:41] {jfjf64} cd care  less
[13:41] {jfjf64} jets killed me
[13:42] {dino} should've won it
[13:42] {nemo} I feel the same way
[13:42] {jfjf64} wd of  been great
[13:43] {nemo} that cornerback is kind of an asshole
[13:43] {jfjf64} go cheese  heads
[13:43] {jfjf64} ?? nemo
[13:43] {nemo} not Revis, the other guy
[13:43] {jfjf64} cromartie
[13:44] {jfjf64} guy  who  doesnt  pay  for  all his kids
[13:44] {nemo} yeah
[13:44] {jfjf64} whaata exoect
[13:44] {jfjf64} im goona  pass
[13:44] {nemo} there's alot of players like that...
[13:44] {jfjf64} dont  lk em
[13:45] {nemo} yeah, I'm not big on that kind of behavior
[13:45] {jfjf64} jets  had  to  pay  160000 in back  child support  when  they signd em
[13:46] {jfjf64} castrate em
[13:47] {jfjf64} hhad to  get  me  going
[13:47] {jfjf64} lol
[13:47] {jfjf64} see ya
[13:48] {RonS} cya jf
[13:48] {jfjf64} nice  entries      rs
[13:49] {RonS} ty
[13:49] {RonS} zolt gonna lay some more heat on the shorts?
[13:49] {jfjf64} slw  lot  res  here
[13:51] {Threei}  LVS, bounce into .80 for short entry
[13:51] {nemo} hehehehe if it gets there
[13:56] {RonS} wow, check price action and call volume on ann...something is up...10k call block feb 24 just purchased for $1.2mil
[13:56] {Threei}  watch RIMM for pullback entry
[13:56] {Threei}  between 64 and 64.10
[13:56] {Threei}  it's rinsing .20 break buyers
[13:57] {Threei}  let's try to rinse the rinsers
[13:57] {nemo} support under that doji?
[13:57] {Threei}  64 is clean support
[13:58] {Threei}  so, whatever range it gives us, if holds 64 is long on break
[13:58] {Threei}  so far, .10
[13:58] {Threei}  or just take it half lot here
[13:58] {Threei}  and add half on .10 break
[13:58] {Threei}  or on 64 recross if dives
[13:59] {Threei}  but holds .90
[13:59] {Threei}  like this
[13:59] {Threei}  if loses .90, dump that half lot
[13:59] {Threei}  msakes sense?
[13:59] {jfjf64} yup
[13:59] {kschun} YEAP
[14:00] {Threei}  not ready yet
[14:00] {Threei}  but drop is very vertical, there must be entry near
[14:00] {magoo} what about read on X vad/
[14:00] {Threei}  .50 breeak, I'd take it
[14:01] {Threei}  ok, .80 cross
[14:01] {Threei}  if holding .70, and each 10 cents after that of not
[14:01] {Threei}  if
[14:02] {kschun} entry at .70 vad?
[14:02] {Threei}  brweak of it
[14:02] {Threei}  if holding .60
[14:03] {kschun} o.k. thanks
[14:03] {Threei}  quite amazing dump
[14:03] {nemo} spy weakening
[14:03] {dino} cpx stop -.25
[14:03] {jfjf64} lod .62
[14:04] {Threei} Long Setup:  RIMM  .70 break
[14:05] {Threei}  wow
[14:05] {Threei}  what's wrong with it?
[14:05] {nemo} egypt
[14:05] {Threei}  ??
[14:06] {Threei}  what on earth is so specific to RIMM about Egypt
[14:06] {nemo} the market
[14:06] {Threei}  look at RIMM dump from64.20
[14:06] {Threei}  see anything in the market that would warrant such drop?
[14:07] {nemo} yeah, spy
[14:07] {Threei}  huh?
[14:07] {Threei}  compare charts
[14:07] {nemo} It's been slowly dropping all day
[14:07] {nemo} just picked up momentum, now we'll see going ito the weekend
[14:08] {Threei}  SPY retreated from high by 11 cents
[14:08] {nemo} yeah but on 5 min chart rimm been dropping since 9:35
[14:08] {nemo} it's weak
[14:08] {Threei}  you are missing the point
[14:09] {Threei}  compare charts, there is nothing in common
[14:09] {nemo} Everything becomes a follower?
[14:09] {Threei}  this SPY downtick can't be what sent RIMM down this much and this sudden
[14:10] {dino} cpx sm l .65
[14:11] {RonS} so, is there a play on rimm, or over...
[14:11] {Threei}  opullback to .50 or just undcer, for double bottom
[14:12] {nemo} stop dino?
[14:15] {dino} .49
[14:16] {nemo} stopped .56
[14:16] {nemo} figures
[14:19] {nemo} that was a case of old support becoming new resistance
[14:20] {dino} yes
[14:20] {nemo} should be a rinse
[14:21] {nemo} there we go
[14:33] {dino} aeis to b/e, slow
[14:33] {Threei}  RIMM
[14:33] {Threei}  watching for entry
[14:35] {dino} amsg
[14:36] {Threei}  .50 recross
[14:36] {kschun} entry above .50?
[14:36] {Threei}  yes
[14:37] {Threei}  f holding .40
[14:39] {kschun} market not helping here
[14:39] {nemo} looks like it might drop
[14:40] {Threei}  take too long
[14:40] {Threei}  don't like that on this kind of plays
[14:40] {nemo} the market I mean
[14:40] {nemo} yeah, rimm too, probably retest the lows
[14:40] {dino} tdw drop
[14:41] {Threei}  SLW lost day low
[14:42] {nemo} perfect stop on cpx dino
[14:42] {dino} aeis to .05
[14:42] {dino} lucky
[14:42] {nemo} WHAT DID I TELL YOU!!!!!
[14:42] {nemo} market puke
[14:43] {Threei}  can't get rythm today at all
[14:43] {nemo} bookend week
[14:44] {kschun} SLW probably having some potential
[14:45] {nemo} short to .60 area?
[14:45] {dino} out aeis +.05
[14:45] {kschun} was my intention too
[14:49] {RonS} cva short dino?
[14:51] {nemo} deck long break 81?
[14:51] {RonS} nah, trading by appt...
[14:52] {RonS} too late in day to trade deck, imo
[14:52] {nemo} wow...aig...weird
[14:52] {dino} no
[14:52] {kschun} trading by appt ? ron?
[14:53] {nemo} slow
[14:53] {RonS} by appointment...
[14:53] {kschun} ah o.k. thanks
[14:56] {kschun} out SLW +0.20. now probbaly bouncing
[14:56] {Threei}  good one
[14:56] {dino} feic
[14:58] {kschun} thanks
[14:58] {nemo} low volume day
[14:59] {nemo} read fcx vad?
[14:59] {kschun} yeah. look at up - down volume chart. just no direction in volume at all
[14:59] {Threei}  looks to me more downside to FCX
[15:00] {kschun} RIMM?
[15:00] {RonS} x...are they really going to let a bearish engulfing candle print here?
[15:00] {Threei}  can't tell on RIMM... weirdo
[15:00] {kschun} right
[15:00] {Threei}  THEY still have an hour, ron...
[15:01] {RonS} yes, they do...
[15:01] {RonS} ...but they are at the SuperBowl
[15:02] {kschun} rimm a lot more down then it's industry
[15:02] {nemo}  fcx went oy vay\
[15:03] {Threei}  \hrug
[15:03] {Threei}  shrug too
[15:02] {Threei}  told you, can't get rhythm today
[15:03] {dino} put some tunes on
[15:04] {kschun} oh wick in SPY.
[15:12] {ScottM} apkt break from asc. tri.  half out
[15:13] {Threei}  beautiful
[15:13] {Threei}  very nice chart
[15:14] {ScottM} thanks
[15:18] {nemo} apkt long .00 break?
[15:19] {ScottM} out on sec. half +.25
[15:19] {kschun} nemo: I never trade such entries.
[15:19] {dino} gj
[15:19] {kschun} risk to reward not o.k. for me.
[15:19] {kschun} but just my op
[15:20] {nemo} stop would be .85
[15:20] {Threei}  Fannie Mae US Treasury planning to release a plan to overhaul Freddie and Fannie; will increase fees charged to insurance companies; reduce amount of mortgage that can be guaranteed from $730K - CNBC
[15:20] {Threei}  - Plan likely to be released next week
[15:20] {Threei}  - Americans could have to pay more for their mortgages and pay more equity
[15:20] {Threei}  - Overhaul would reduce the Govt's share of the mortgage market below 50% (Note: From some estimates the Govt was involved in backing anywhere from 90-95% of all mortgages as of April 2010)
[15:21] {kschun} got a nice bounce in X due to buy programmes
[15:21] {RonS} they to the rescue...
[15:23] {ScottM} Vad, is SPY 5 min chart showing cup and handle break or my imagination?
[15:23] {Threei}  something of that kind... not exactly well shaped noble china
[15:24] {ScottM} thks
[15:25] {kschun} adv dec new high but trin too
[15:25] {kschun} really not the kind of market which is easy to play
[15:25] {RonS} rld...something for next week
[15:26] {kschun} DOW at 37
[15:28] {RonS} lvs lod
[15:28] {Threei}  and has look of dropping more
[15:29] {RonS} gotta go...have a good weekend everyone...;)
[15:29] {kschun} specific: not new highs/lows in trin etc, just new high/low looking back the last 3-4 hours
[15:29] {kschun} great weekend to you too man!
[15:29] {Threei}  take care ron, have a good weekend
[15:30] {dino} cya ron
[15:33] {Threei}  can't say that I am delighted by this week's performance
[15:33] {Threei}  shaky
[15:38] {kschun} volume in SPG
[15:39] {kschun} REIT, so often not easy to trade and thin
[15:43] {Threei}  here comes LVS
[15:49] {ScottM} Have a great weekend everyone.  Enjoyed my first three days here.  Thanks all.
[15:49] {Threei}  have a good weekend Scott
[15:49] {Threei}  OK folks, thank you all
[15:49] {Threei}  have a great weekend, see you all on Monday
[15:51] {kschun} you too. thanks man
[15:51] {kschun} great weekend to all of you!