Tuesday, February 8, 2011

Feb 08 2011

Not stellar but nice day, with two LVS shorts making a notable difference. One of them was rather unusual and somewhat funny, in that it had 2 cents stop placement - quite rare occasion for us. Worked out to something like 1:10 or more. Check the call out, 14:22. Make sure to view 1 min chart well zoomed in, or you won't even see those 2 cents.

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.