Session Time: Tue Feb 08 00:00:01 2011
[08:02] {magoo} morning
[08:23] {magoo} awefully quiet in here again
[08:25] {Threei} what do you expect us to do this early, sing?
[08:34] {Threei} great, now he won't talk to us
[08:36] {nemo} fcx snapping back this morning
[08:39] {Threei} so does SLW
[08:39] {Threei} and X
[08:48] {Threei} (US) Fed's Lacker: Distinct improvement in the US economy since the launch of QE2 means the program requires "a serious re-evaluation"- Sees US FY11 inflation around 1.5-2.0%, US FY11 GDP +4%
[08:50] {Threei} I hope he doesn't mean "let's do more of that"
[08:56] {Threei} strangely quiet market this morning
[09:00] {jfjf64} mornin
[09:00] {Threei} hey jf
[09:01] {jfjf64} see i missed nice afternoon yest
[09:01] {jfjf64} was readin blog
[09:02] {Threei} oh yes
[09:02] {Threei} 4 hits in a row
[09:02] {Threei} well, 3 1/2
[09:02] {jfjf64} nice
[09:02] {Threei} one was usurped by Scott
[09:02] {Threei} no one else was allowed in on action
[09:02] {jfjf64} way to go scott
[09:02] {Threei} try again when he is here
[09:03] {jfjf64} lol
[09:03] {jfjf64} that fcx finally broke down yest
[09:03] {Threei} you know, it's MAY, just may be more effective to talk to people when they actually can hear you {G}
[09:04] {jfjf64} mgm news
[09:04] {jfjf64} ?
[09:04] {Threei} can you tell by heightened sarcasm level that I haven't had my morning bacon yet?
[09:04] {jfjf64} ahh
[09:04] {Threei} upgraded
[09:05] {jfjf64} had nice blt last night
[09:05] {Threei} with 31 target
[09:05] {jfjf64} well done bacon
[09:05] {jfjf64} yum
[09:05] {Threei} "by Tier 1 firm"
[09:05] {jfjf64} 31
[09:06] {Threei} sorry, 21
[09:06] {Threei} mistype
[09:06] {Threei} (as if it mattered)
[09:06] {ese} morning......anyone else get cut off yesterday
[09:06] {Threei} no
[09:06] {Threei} hi ese
[09:06] {Threei} that was someothing on your end
[09:06] {ese} mornin vad
[09:07] {Threei} Spot Gold up over $12/oz to trade above $1,361/oz; Dealers noted that Bullion might be used as collateral by international clearing houses
[09:07] {ese} guess so.....could not get back into the rm within 1 hr so gave up trying
[09:08] {Threei} are you with Shaw or Telus?
[09:08] {ese} telus
[09:08] {Threei} ok.. probably their local ourage, Shaw was fine here
[09:08] {Threei} outage
[09:09] {ese} ya....i'm pretty sure thats what it was.....when i came back from my sunday night gig there was power out on a couple of blocks here
[09:10] {ese} they were probably fixing things but my trading screen was working
[09:11] {Threei} btw ese, can't remember if I showed you this
[09:11] {Threei} http://www.realitytrader.com/victoria/preview/
[09:12] {Threei} a few stores and galleries want to carry it
[09:12] {ese} very nice..........i haven't looked at it
[09:12] {nemo} big oil drop on Chinese rate hike news
[09:12] {Threei} yes, but not in PMs
[09:13] {nemo} dropped $1.50 a barrel
[09:13] {nemo} Makes sense...oil industrial, PM's more a call on Federal Reserve and Euro toilet paper
[09:14] {Threei} yes... just creates some disconnects vs recent patterns
[09:14] {Threei} more to come
[09:14] {Threei} I'd expect some serious remaking of a landscape,
[09:14] {Threei} in terms of what moves with or against what
[09:15] {Threei} ese, look dcc pls
[09:15] {ese} very nice....where were you when you took the one of MT Baker in Washington State
[09:16] {Threei} somewhere around your neck of the woods if I remember correct
[09:17] {_yew1118} gm
[09:17] {ese} wow.....looks like you were on one of the San Juan islands
[09:17] {ese} yew
[09:17] {Threei} yew :)
[09:18] {Threei} just a long focal lens ese :)
[09:19] {Threei} 600 mm equivalent, enough to count legs of a mosquito in winnipeg
[09:24] {magoo} was looking at charts
[09:24] {magoo} back now
[09:24] {Threei} you just like those squiggly lines, don't you
[09:26] {magoo} scanner picked up knd 8 am at 22, shoulda grabbed 100 shares
[09:26] {Threei} I do too, they make me feel asll scientific
06[09:26] * strider slaps Threei around a bit with a large bottle of formaldehyde
[09:27] {Threei} thanks, but how does it help?
[09:27] {strider} scientific???
[09:27] {Threei} oh... I thought I was supposed to drink that
[09:27] {strider} good for storing body parts.
[09:28] {Threei} I am going to skip first 5 min
[09:28] {Threei} I have no dfined direction for the opening
[09:28] {Threei} so will wait a little to get better idea, things are a bit jellyfish-like
[09:29] {strider} AVP could be a short
[09:30] {ese} lol
[09:30] {Threei} probably, looking to pick up LVS long on pullback
[09:31] {Threei} keeping an eye on MGM too
[09:31] {Threei} larisa :)
[09:30] {larisa} gm :)
[09:31] {Threei} wacthing X for short into bounce
[09:31] {magoo} teva hammered
[09:31] {Threei} though of .70 break for shorting but it just fell through the floor
[09:32] {magoo} VECO screaming up
[09:32] {magoo} 2 points
[09:32] {Threei} .60 - .70 zone for X to look for short entry if jumps there
[09:34] {Threei} prepare half lot
[09:36] {magoo} mgm pllls bk vad
[09:36] {Threei} Long Setup: LVS .75 break
[09:36] {Threei} if stays above .65
[09:36] {Threei} invalidated
[09:37] {Threei} wait for closer to .40 for another entry
[09:37] {Threei} X never gave clear entry
[09:38] {magoo} yup
[09:39] {Threei} Long Setup: X .20 break half lot
[09:40] {Threei} invalidated
[09:40] {Threei} no rhythm still
[09:40] {nemo} spy coming to bounce point
[09:40] {jfjf64} no damage
[09:41] {Threei} ok, LVS must be close finally
[09:42] {dino} gm all
[09:42] {Threei} Long Setup: LVS .60 break
[09:42] {Threei} dino :)
[09:42] {Threei} if stays above .50
[09:42] {Threei} for day traders .45
[09:42] {ese} dino
[09:43] {Threei} for scalpers .50
[09:43] {Threei} 1:1
[09:44] {RonS} caught...txs 3i and gm
[09:44] {Threei} 1:1welcome, gm
[09:44] {Threei} if it found footing, likely to jump into .90
[09:44] {Threei} if not, drop into .20 - .30
[09:45] {Threei} Long Setup: X .80 break
[09:45] {Threei} half lot
[09:45] {Threei} stop under .65
[09:45] {Threei} LVS looks ready
[09:45] {Threei} 1:1 for day traders
[09:45] {Threei} half out
[09:46] {Threei} X no go
[09:46] {magoo} futes ugly
[09:46] {Threei} stop to .55 for LVS balance
[09:47] {nemo} mos coughed up furball
[09:48] {Threei} want LVS to print above .75 for stop trail to b/e
[09:48] {Threei} likely to do so now
[09:49] {nemo} aig
[09:51] {Threei} stop to b/e LVS
[09:52] {dino} afop sm l .76
[09:53] {Threei} Long Setup: AIG 43 break hafl lot
[09:54] {Threei} if stays above .85
[09:54] {ese} does anyone know if AVL was a split
[09:54] {Threei} if loses .85, will look for long still but on a deeper pullback
[09:55] {strider} mos
[09:55] {Threei} out balance LVS b/e
[09:55] {Threei} MOS takeover rumor
[09:56] {Threei} GR) Greece PM Papandreou: Important that EMU decisions are taken at the March EU Summit as there are many challenges in coming weeks
[09:56] {Threei} - Reiterates view that Greece remains on the right track but Europe must take necessary decisions
[09:56] {Threei} - Follow UP: EU's Juncker: Reiterates view that euro is not in crisis, Greece will not leave the EMU; but Greece loans' maturity should be extended.
[09:58] {Threei} Short Setup: FCX .15 break
[09:58] {Threei} if stays under .25
[09:58] {Threei} not a scalp
[09:58] {nemo} morning low 55
[09:59] {Threei} has serious potential for a drop if works
[10:00] {Threei} market keeps it floating
[10:00] {Threei} no worky
[10:01] {Threei} Long Setup: AIG 43 break hafl lot
[10:01] {Threei} let's modify it
[10:01] {Threei} .90 break
[10:02] {Threei} if holding .80
[10:03] {Threei} invalidated
[10:04] {ese} L urbn .21
[10:05] {magoo} mgm high
[10:08] {Threei} FCX still looks like attractive short to me, can't find a good setup
[10:09] {nemo} it was on pullback to the trendline from yesterday after 11:00 on the 5 minute chart
[10:11] {dino} tdw sm l .49
[10:11] {nemo} I did a bit of work on the un adjusted charts for FCX, if it drops morning low, next support is 53.26
[10:12] {Threei} looks about right
[10:13] {ese} Out urbn .33
[10:13] {ese} +.12
[10:13] {Threei} it just doesn't form clean entry signsl
[10:14] {nemo} creating wedge now
[10:14] {dino} rio
[10:15] {nemo} vwap .42 on FCX it's at trend resistance now
[10:15] {Threei} Long Setup: AIG .45 break half lot
[10:15] {RonS} sounds good to me, it's 7 degrees here and dropping...
[10:15] {magoo} in aig
[10:15] {Threei} stop under .35 for scalpers, .30 day traders
[10:17] {nemo} fcx obeying the trendline, but it's coming up to SOGOTP time on the wedge
[10:21] {dino} out tdw .79, +.30
[10:21] {RonS} gj
[10:22] {Threei} not finding right plays today so far
[10:22] {dino} ty
[10:24] {nemo} wow, going for the new highs already
[10:24] {patience} slw and uxg enjoyable plays for me today
[10:25] {jfjf64} patiience no lk to share
[10:25] {patience} sold off everything but gold and silver stocks yesterday
[10:25] {jfjf64} lol
[10:26] {Threei} AIG 1:1
[10:26] {Threei} half out
[10:28] {dino} ste sm l .50
[10:29] {nemo} coh, break of .80?
[10:30] {Threei} yes... if holding .70
[10:30] {nemo} veco break of 47 if holding .80, half lot?
[10:31] {Threei} spread...
[10:31] {Threei} tough one
[10:31] {nemo} COH invalidated
[10:32] {nemo} X drop
[10:33] {dino} afop stopped -.31
[10:35] {dino} mcy sm l .40
[10:39] {Threei} (US) Fed's Lacker: Not yet prepared to end quantitative easing, could stop QE earlier than planned if see strong employment and consumer spending data
[10:39] {Threei} - Q&A- Could begin the withdrawal of stimulus in the near term under some circumstances; could stop the bond purchases if the economy shows strength over two month period
[10:42] {Threei} Short Setup: GLD 133 break
[10:42] {Threei} if stays under .15
[10:48] {magoo} in gld
[10:49] {Threei} since call it forned tighter range so stop can be kept above .10
[10:49] {jfjf64} k
[10:50] {Threei} AIG
[10:50] {Threei} out
[10:51] {magoo} news cnbc
[10:51] {Threei} what was that
[10:51] {davd} aig to delay second offering
[10:51] {Threei} ahha
[10:51] {Threei} good timing
[10:51] {RonS} sheesh aig...out +.22 but missed .50
[10:52] {Threei} whatever... tat's a gift
[10:52] {Threei} take it and don't complain :)
[10:52] {Threei} and be thankful they didn't announce increase of secondaries
[10:53] {Threei} GLD, are you blind?
[10:53] {Threei} market is dropping
[10:53] {magoo} out gld
[10:55] {Threei} it is blind
[10:55] {Threei} Short Setup: ADBE .40 break
[10:59] {dino} tdw sm l .40
[11:02] {Threei} 1:1
[11:02] {Threei} half out
[11:02] {Threei} scalpers be happy
[11:02] {magoo} target?
[11:03] {Threei} don't really have one on this
[11:03] {davd} in gld short .05
[11:03] {Threei} maybe .15
[11:04] {magoo} aig gave mostr back again
[11:04] {patience} half out slw
[11:07] {patience} feels like it wants higher...bastard
[11:07] {patience} see why i don't comment?
[11:07] {magoo} such language patience..this room has cracked u :)
[11:07] {patience} arghhhh
[11:07] {patience} look at that piece of s....
[11:07] {nemo} so scatalogical
[11:07] {patience} i hate leaving money on the table
[11:08] {jfjf64} ppatience gone wild
[11:08] {nemo} we'll be reading about her
[11:09] {magoo} vad, mkt feels like the mini skirt coming off today imo
[11:10] {Threei} I thought that but my read today is obviously not the best... so I decided to shut up for now
[11:10] {magoo} hows mkt volume..?yesterday was pathetic
[11:11] {Threei} today is so so too
[11:11] {patience} yup, price of silver and gold just popped
[11:12] {dino} out tdw .70, +.30
[11:13] {patience} silver hit the magic 30 bucks...watch it move now
[11:18] {nemo} thoughts RIMM vad?
[11:19] {Threei} none really
[11:21] {nemo} Suez Canal workers went on strike
[11:21] {nemo} why oil turned around
[11:22] {_yew1118} bavk
[11:25] {nemo} JCP strong
[11:28] {magoo} read X here vad, i think sh
[11:28] {Threei} ABE is almost 1:2
[11:28] {Threei} ADBE
[11:28] {RonS} honestly?
[11:28] {Threei} X, looks short to me too
[11:28] {magoo} missed that, but so is ADBE
[11:29] {Threei} hmm?
[11:29] {magoo} ABE lol
[11:29] {Threei} oh
[11:29] {Threei} lol
[11:32] {nemo} slw break .10?
[11:34] {Threei} no
[11:39] {Threei} Lacker:
[11:39] {Threei} - Cannot blame Fed policy for rise in commodity prices; core inflation to remain subdued, and has bottomed
[11:39] {Threei} - Sees risk of headline inflation increasing rapidly even if core is contained.
[11:39] {Threei} - There are many options for winding down quantitative easing.
[11:40] {dino} mcy to .70
[11:47] {dino} out mcy +.30
[11:47] {magoo} sheesh, look at X climb vad
[11:48] {Threei} FCX too
[11:48] {Threei} told you I am out of tune today
[12:02] {magoo} to good, i had some fcx offered at .87 and it just went off
[12:02] {magoo} never saw more than .74 visually
[12:02] {magoo} but look at candle tip
[12:02] {magoo} last green candle tip
[12:02] {magoo} to good=laser
[12:02] {magoo} not me, i suk
[12:02] {nemo} new spy hi coming
[12:03] {dino} lol magoo
[12:04] {Threei} watching LVS
[12:04] {Threei} stays subdued whule SPY tests high
[12:04] {Threei} there should be a short in it
[12:07] {magoo} say when "in my best val kilmer ..doc holiday voice"
[12:07] {magoo} and u better get it right lol
[12:08] {Threei} well
[12:08] {Threei} .70 break is obvious way to play it
[12:08] {Threei} but obvious didn;'t work very well today
[12:08] {Threei} not sure honestly
[12:08] {Threei} let's wait a bit
[12:08] {dino} daisy if ya do
[12:09] {magoo} play for blood?
[12:17] {patience} my bottom fishing approach toward cheapie delight gold stocks isnt working....nothing is moving on the charts
[12:18] {Threei} ok mags... LVS slowly convinces me
[12:18] {Threei} just short the damn thing with stop above .80
[12:18] {Threei} if works, look to cover half near .60
[12:19] {Threei} and aim for about .40 as ultimate target
[12:19] {Threei} now, if market really reverses and starts dropping, .20 is not out of question
[12:23] {RonS} AONE
[12:23] {Threei} sympathy to TSLA
[12:23] {Threei} Tesla Motors Moves up on financial press report that White House to release new proposal on increased tax credits for electric vehicle- Reportedly could give up to $7,500 credit at the dealership. Current US incentives are for up to $7,500 in tax credits, $2,500 for new plug-in electric vehicles and up to $5,000 more based on battery capacity.
[12:24] {Threei} want to pay for each convert to electric cars?
[12:25] {dino} idiotic, govt should not be offering credits to private industry
[12:26] {dino} ste to .80
[12:26] {dino} market slow again
[12:26] {nemo} yeah, but still walking up a trend line
[12:26] {Threei} LVS starts shopwing signs of normalcy
[12:27] {dino} indeed
[12:28] {magoo} jesus, mototown in windsor connecticut collasped yesterday, their only day off...buildind is size of 2 football astadiums and holds indoor motocross track...we won free gift cerificate to go there
[12:28] {magoo} complete collaspe
[12:28] {Threei} snow load?
[12:28] {RonS} was Biden there?
[12:29] {magoo} yup, they were on roof removing snow
[12:29] {magoo} no injuries
[12:29] {Threei} call Al Gore
[12:29] {Threei} make him clean that mess up
[12:29] {magoo} we were going to go the 12th of feb
[12:30] {dino} not now
[12:31] {dino} ste to .85\
[12:31] {magoo} if collaspe on day of business hundreds of casualties
[12:31] {nemo} and here comes the new high
[12:32] {dino} teva app lod
[12:33] {nemo} there it was
[12:38] {dino} iphs
[12:39] {dino} out ste .90, +.40
[12:44] {magoo} this f'n mkt..if its a buy all pllbacks we should buy AIG here
[12:46] {RonS} you first...
[12:47] {RonS} ...time to trot out the btfd video?
[12:47] {Threei} LVS half out
[12:52] {nemo} TNA offers
[12:52] {nemo} eaten
[12:55] {dino} sm l afop .22
[12:57] {patience} i'm getting sloppy, got a partial fill.....but put the order through the wrong account...sigh
[12:57] {dino} sssssllllllaaaapppppp
[12:57] {patience} ty, ty velly much
[12:57] {nemo} wow, even I won't slap patience
[12:57] {dino} ;)
[12:58] {jfjf64} patience gone wild
[12:58] {dino} we missed that teva entry
[13:07] {nemo} time for her own reality show
[13:16] {_yew1118} hi
[13:16] {Threei} hi yew
[13:16] {nemo} hey you
[13:16] {nemo} yew
[13:16] {nemo} ewe
[13:18] {dino} you
[13:18] {nemo} should we call him shrub?
[13:18] {nemo} speaking of...where's sneeze?
[13:21] {dino} zzzzzzzzzzzzzzzzzz
[13:25] {Threei} 1:2 LVS
[13:25] {kschun} hello my dear friends :-)
[13:25] {Threei} hey kschun
[13:25] {kschun} oh see, just missed LVS call fromVAD
[13:26] {Threei} not just.. it's been in work for awhile
[13:26] {Threei} slow one
[13:26] {dino} hey ks
[13:28] {Threei} 12:18] {Threei} if works, look to cover half near .60
[13:28] {Threei} [12:19] {Threei} and aim for about .40 as ultimate target
[13:28] {Threei} [12:19] {Threei} now, if market really reverses and starts dropping, .20 is not out of question
[13:31] {ese} hey all...am outta here......just a busy couple of weeks for me with 5 shows in 9 days.......i'll be sporadic but hangin ...cya ya tomorrow
[13:32] {Threei} take care ese
06[13:32] * Threei slaps magoo around a bit with a large roll of cash
[13:32] {ese} cya vad
[13:32] {jfjf64} go beat ya drum
[13:32] {jfjf64} cya ese
[13:32] {jfjf64} lol
[13:32] {magoo} nice one vad
[13:32] {ese} wish i was...it's my high school R&B band
[13:33] {jfjf64} enjoy
[13:35] {dino} teva sm l .26
[13:37] {jfjf64} mcd playin level for while
[13:43] {Threei} LVS touched .21
[13:43] {Threei} how's that for accuracy
[13:44] {magoo} and your hand touched center of your back also...accurate
[13:44] {Threei} very
[13:45] {jfjf64} time 4 BACON
[13:45] {Threei} keep the broccoli
[13:48] {davd} gold dropping on fed speak
[13:49] {nemo} X
[13:52] {ScottM} Afternoon all.
[13:52] {Threei} hey Scott
[13:52] {jfjf64} SCOTTY
[13:52] {Threei} still hang over after partying away all the proceeds of yesterday I assume
[13:52] {jfjf64} lol
[13:52] {ScottM} lol
[13:53] {ScottM} Needed a drink after yesterday!
[13:53] {Threei} and we all know how one thing leads to another
[13:53] {ScottM} true
[13:53] {nemo} Thanks for reminding me...wine time
[13:53] {kschun} mcd had some sellers above .65. showing 100's and taking quite something more
[13:54] {ScottM} Though AIG was gone there for a minute... but has recovered... looked so vulnerable to me... but now look!
[13:54] {dino} teva to .46
[13:55] {Threei} (US) Fed's Fisher: Would dissent against further monetary easing, concerned about any evaluation of an expansion of the balance sheet further
[13:55] {Threei} - Current debt monetization is risking Fed credibility
[13:55] {Threei} - Availability of credit no longer an issue
[13:55] {Threei} - Chances for a double dip or deflation have declined
[13:55] {Threei} - Note: comments are similar to his comments in a radio interview yesterday. Fisher is a voting member of the FOMC this year. It was somewhat of a surprise when he did not dissent against the majority in the Jan FOMC policy announcement.
[13:55] {Threei} is this is first time they admit thet monetize the debt?
[13:56] {kschun} mcd same again
[13:56] {dino} afop to .42
[13:58] {kschun} nemo: wine? what kind of wine you like? interesting subject :-)
[13:58] {dino} out teva .50, +.24
[14:03] {Threei} watching LVS for slight bounce, forming tight range and new breakdown
[14:08] {nemo} wow cstr running and been running
[14:09] {kschun} price levels in LVS vad?
[14:10] {Threei} waiting for it to establish them
[14:10] {kschun} o.k.
[14:10] {Threei} no structired play yet
[14:11] {dino} lll
[14:16] {_yew1118} EPD?
[14:17] {Threei} EPD Recent weakness attributed to reports that a fire has broken out at its Mont Belvieu, TX facility
[14:18] {dino} stopped afop /42, +.20
[14:19] {dino} epd sm l .80
[14:19] {ScottM} Keep getting kicked off... Ideas? Norton problem? Security settings problem?
[14:20] {Threei} shouldn't be - it's not like you changed it from yesterday?
[14:20] {ScottM} i know... thinking its on my computer... did have probs yest.
[14:21] {Threei} OK, LVS
[14:21] {Threei} forms triangle
[14:21] {Threei} .25 semiaggressive short
[14:21] {dino} plx
[14:22] {Threei} stop is ridiculously tight, above .30
[14:23] {Threei} if you want to be very cute, take it here at .29 with .31 stop, lol
[14:23] {ScottM} That is cute... think I'
[14:23] {ScottM} I'll wait for .24
[14:24] {Threei} really? I couldn't resist a temptation to take play with 2 cents stop :)
[14:24] {Threei} hey, I am at 1:2 already
[14:24] {ScottM} :)
[14:24] {Threei} if nothing more, it's entertaining
[14:25] {ScottM} cheaper than a show and popcorn
[14:25] {nemo} what I miss
[14:25] {Threei} trade ewntry woth 2 cents stop
[14:25] {Threei} LVS short at .29
[14:25] {Threei} stop .31
[14:26] {nemo} frickin' net went down
[14:26] {Threei} ever seen me calling aything like this?
[14:26] {nemo} yeah
[14:26] {nemo} the day of that blue moon
[14:26] {Threei} nah, it looked blue to you after that third bottle
[14:27] {Threei} I for one could clearly see it was purple with golden incrustations
[14:27] {Threei} and some green laces
[14:27] {nemo} ate mushrooms that day, huh...
[14:28] {Threei} someone had to take them from you...
[14:28] {nemo} buddy of mine grows them...i can get more
[14:29] {Threei} ummm
[14:29] {Threei} problem with math now
[14:29] {Threei} 1:5?
[14:30] {Threei} anyway, half out
[14:31] {Threei} interestinbgly enough, LVS does this sharp spike down right when market makes new high
[14:31] {ScottM} trying to go again...
[14:31] {ScottM} just take out .16
[14:31] {Threei} beautiful
[14:31] {kschun} oh guys, Mr. Bacon really is king.... 1:5 rtr with 80% hit ratios...
[14:32] {kschun} you sick bastard :-)
[14:32] {Threei} no, I am only sick if I add broccoli
[14:32] {kschun} LOL
[14:32] {Threei} as long as I stay with bacon only, I feel great
[14:32] {ScottM} half out
[14:32] {patience} back in slw, double lot
[14:32] {kschun} get out at 1:3
[14:32] {kschun} don't like market new highs and being short. however great trade!
[14:32] {Threei} this is very difficult trade for me, I can't calculate my r/r properly
[14:33] {Threei} 1:9
[14:33] {Threei} whew
[14:33] {larisa} sigh
[14:33] {kschun} you are in the position where you just let it go calculating r-to-r's... :-)
[14:34] {Threei} 1:10
[14:34] {ScottM} thinking measured move should take to 46.00... thouhts Vad?
[14:34] {Threei} 1/4 more out
[14:34] {Threei} mostl likely lower
[14:34] {Threei} see, here is where I differ with kschun:
[14:34] {ScottM} k
[14:34] {Threei} he is uncomfortable holding short while market makes new high,
[14:35] {Threei} I am very comfortable with being short on a stock that is THIS weak that makes new lows in a sharp dro fashion, while market makes new highs
[14:35] {Threei} anyway, with just 1/4 position left, what's my worry
[14:36] {Threei} I don't even trail a stop
[14:36] {Threei} it's still 2 cents, lol
[14:36] {ScottM} lol
[14:36] {Threei} LVS is a real rainmaker today on a short side
[14:37] {Threei} with first entry being above .70
[14:44] {kschun} EXPE at 26
[14:47] {ScottM} come on LVS... make me proud... of your failure (lol)
[14:47] {Threei} you are so mean
[14:47] {Threei} nemo should be very proud of you
[14:47] {ScottM} life is cruel
[14:47] {Threei} he likes meanies
[14:48] {RonS} Scott and jf to form a cheer team...
[14:48] {Threei} chanting "DIE LVS"?
[14:48] {ScottM} :)
[14:48] {nemo} I need performance over time...broken clock is right twice a day
[14:48] {Threei} lol
[14:49] {Threei} that's why nemo likes magoo unconditionally - magoo is consistently mean
[14:55] {magoo} sigh
[14:59] {jfjf64} gotta run
[14:59] {jfjf64} later all
[14:59] {dino} later
[14:59] {Threei} take care jf
[15:06] {dino} epd to flat bad entry
[15:07] {dino} out .90, +.10
[15:09] {Threei} nervous trade
[15:09] {Threei} dunno how you sat through it
[15:10] {Threei} wow
[15:10] {Threei} why hit SPY under the tail
[15:10] {Threei} why = what'
[15:11] {Threei} don't see any news
[15:16] {magoo} u still like lvs short?
[15:17] {nemo} we're due to make a run to a new spy high
[15:17] {Threei} no, it broke the downtrend
[15:17] {magoo} how about amzn long?
[15:18] {Threei} risk is beyond tolerable
[15:18] {Threei} slightest blip, it will drop 60 cents faster than you can blink
[15:19] {nemo} rimm might be shaping up short
[15:24] {dino} qpsa
[15:27] {dino} sm l .94
[15:31] {kschun} trying IR .50 break
[15:37] {dino} out qpsa flat, back in ten
[15:38] {Threei} nice one kschun
[15:38] {Threei} I like the setup, and the fact that you start seeing our setups better
[15:44] {kschun} o.k. thanks
[15:44] {Threei} beautiful
[15:46] {ScottM} Nice Ksch!
[15:47] {kschun} thank scott
[15:53] {ScottM} for fun bought IR .76 with stop at .69
[15:53] {nemo} well, if we don't get the new high today, should gap up in the morning
[15:54] {Threei} sure feels this way
[15:54] {Threei} slow creep up is still the name of the game
[15:54] {kschun} PAAS breakout
[15:54] {Threei} RIMM nice break chart
[15:54] {kschun} did miss the .41, not gona chase it. and too late in the day
[15:54] {Threei} too bad no time left
[15:54] {kschun} right
[15:55] {kschun} but setup nice.
[15:55] {kschun} consolidation.
[15:55] {kschun} strong volume, silver one of the strongest industires today
[15:55] {kschun} however a bit too much conoslidation... all day long... :-)
[15:57] {dino} gn all
[15:57] {kschun} thanks
[15:57] {ScottM} Kschun... thanks for that trade brother... got in just on break of tiniest consolidation traingle and make .44
[15:57] {Threei} thank you all
[15:57] {Threei} have a good eveninbg
[15:58] {Threei} see you tomorrow
[15:58] {larisa} bye!
[15:58] {ScottM} Take care!
[15:58] {kschun} u are welcome
[15:58] {ScottM} :)
[15:58] {kschun} great eve to all of you! thanks all
[15:58] {ScottM} Goodnight all. See you in morning.
