Wednesday, February 16, 2011

Feb 16 2011

...and some days you are a bug. Well, not really, as it was just a boring day, slightly positive but nothing to write home about.

Session Time: Wed Feb 16 00:00:00 2011
[08:06] {magoo} morning
[08:07] {nemo} THANK GOD!  We'll only have to go one day without a new high
[08:20] {magoo} FDO
[08:21] {strider} om: Trian Group offers to acquire Family Dollar for $55-$60 per share in cash
[08:40] {dino} gm all
[08:41] {Threei}  is it earth....?
[09:01] {_rambler} Good morning traders...
[09:01] {Threei}  good morning rambler
[09:02] {_rambler} Plan to just observe today.....
[09:02] {RonS} gm all...i owned a rambler once...welcome
[09:02] {Threei}  good idea
[09:03] {_rambler} Happy to be here...
[09:03] {Threei}  when activity does down in an hour or two after opening, don't hesitate to ask questions
[09:03] {_rambler} thanks
[09:03] {Threei}  and feel free to study previous day logs
[09:03] {nemo} fresh meat
[09:03] {Threei}
[09:03] {_rambler} not so fresh
[09:03] {nemo} relativity
[09:05] {_rambler} I've been reading the log after close for a couple of weeks now and charting calls...
[09:05] {Threei}  ah OK
[09:05] {Threei}  then you know we are brilliant
[09:06] {Threei}  and very modest
[09:06] {Threei}  and hate broccoli
[09:06] {_rambler} indeed...
[09:06] {Threei}  except dino
[09:06] {RonS} and good looking
[09:06] {Threei}  ummm... I'll take exception to that
[09:06] {strider} I like broccoli.
[09:06] {_rambler} got the books last weekend
[09:06] {Threei}  great... two traitors
[09:06] {_rambler} all studied up
[09:06] {strider} just day traitors.
[09:06] {Threei}  lol
[09:07] {nemo} nice one
[09:07] {ScottM} morning everyone
[09:07] {_rambler} who cares as long as it makes money
[09:08] {Threei}  scott :)
[09:08] {Threei}  books?
[09:08] {strider} apd
[09:08] {strider} m: Air Products volatility up into withdrawing buyout offer for Airgas
[09:08] {_rambler} Master profit plan and Tape Reading
[09:09] {Threei}  cool beans
[09:09] {Threei}  I really need to read those...
[09:10] {_rambler} can never get enough
[09:10] {_rambler} my wife thinks I,m nuts
[09:10] {RonS} whose doesn't?
[09:10] {Threei}  so you decided to disprive by joining us??
[09:11] {Threei}  disprove her
[09:11] {_rambler} exactly
[09:12] {Threei}  well...whgy not.... after all, nemo starts AA meetings with "Bottoms up!"
[09:13] {_rambler} fridays coming
[09:13] {RonS} and sometimes it rains
[09:14] {dino} welcome to our jungle rambler
[09:14] {_rambler} roger that
[09:14] {RonS} de acting like it wants to test $100
[09:15] {Threei}  *(US) JAN INDUSTRIAL PRODUCTION: -0.1% V 0.5%E; CAPACITY UTILIZATION: 76.1% V 76.3%E
[09:15] {RonS} that sucks
[09:15] {Threei}  FCX
[09:15] {Threei}  breaks down
[09:16] {RonS} 1000 shares...
[09:17] {larisa} gm :)
[09:18] {Threei}  larisa :)
[09:18] {larisa} :)
[09:20] {nemo} dude..I'm a drunk, you have me confused with alcoholics....THEY go to meetings
[09:20] {ese} gm
[09:20] {strider} dtalking to yourself again, nemo?
[09:21] {Threei}  ese :)
[09:21] {nemo} not paying attention again strider?
[09:21] {Threei}  nemo... that's why you get to run those meetings, no?
[09:21] {jfjf64} mornin
[09:21] {nemo} why would I want to be part of a group that would approve of me being a member?
[09:21] {Threei}  jf :)
[09:25] {Threei}  no clear opening plays
[09:26] {Threei}  waiting out first minutes
[09:27] {nemo} broken record
[09:28] {strider} ACAS up almost a dollar on earnings report.
[09:28] {strider} earnings call today at 11
[09:31] {Threei}  LVS
[09:31] {Threei}  watching for pullback for long entry
[09:31] {Threei}  around .70 - .75
[09:33] {ese} l rimm .05
[09:33] {ese} sorry late post moving too fast
[09:33] {Threei}  SLW
[09:33] {ese} out .17
[09:33] {Threei} Long Setup:  SLW  .60 break
[09:34] {ese} +.12
[09:34] {Threei}  stop under .55 for scalpers
[09:34] {Threei}  .50 day traders
[09:35] {Threei}  LVS didn't give an entry chance
[09:35] {Threei}  so far at least
[09:35] {Threei}  half out SLW
[09:35] {Threei}  scalpers know what to do
[09:35] {Threei}  stop to .54 for day traders too
[09:36] {Threei}  scalpers win
[09:36] {ese} omx
[09:37] {Threei} Short Setup: LVS  49 break
[09:37] {jfjf64} ty
[09:37] {jfjf64} ty
[09:37] {jfjf64} jumped
[09:37] {nemo} yeah
[09:37] {ese} nah
[09:38] {ese} for omx
[09:38] {Threei}  anyone got it, cover
[09:38] {jfjf64} ty
[09:38] {nemo} wow is fosl running
[09:38] {jfjf64} yup
[09:38] {nemo} what yo get in at jf?
[09:38] {Threei}  dropped right into my intended long entry
[09:38] {jfjf64} 49.01
[09:38] {jfjf64} jumped
[09:39] {Threei}  don't rush in on a long side
[09:39] {Threei}  let's let it stabilize a little
[09:39] {Threei}  frikin SLW wants even lower
[09:40] {Threei}  no clear short entry anywhere on it that I saw, not even now in rertospect
[09:41] {Threei} Short Setup: X  .95 break
[09:42] {Threei}  stop above .05 for scalpers
[09:42] {Threei}  .10 day traders
[09:43] {Threei}  target is about .60 if works
[09:43] {Threei}  quite possibly lower but let's partiasl and protect profit
[09:43] {nemo} tried to pick bottom in slw, didn't work...rinsed
[09:43] {Threei}  well,providing there is something to protect
[09:44] {Threei}  no go X
[09:44] {Threei}  SLW looks ready
[09:44] {dino} rads sm l .98
[09:45] {Threei}  X rinse
[09:45] {jfjf64} grr
[09:45] {dino} wow gdot
[09:45] {Threei}  been a while since they did that
[09:45] {Threei} Long Setup:  SLW  .90 break
[09:46] {Threei}  if holding .80
[09:47] {nemo} gld dropping
[09:47] {dino} out rads .30, +.32
[09:47] {Threei}  good
[09:47] {Threei}  I hate it
[09:48] {dino} rloc, rovi, fxcm
[09:48] {Threei}  .80 break is valid short on SLW
[09:48] {Threei}  two sided setup
[09:48] {strider} in 1/2 .82 slw
[09:48] {Threei}  two-headed monster
[09:49] {Threei}  long takes prevalence it seems
[09:50] {dino} dlb strike games fast fall to 50.50 then up
[09:50] {Threei}  not very clear
[09:50] {Threei}  nope
[09:50] {strider} stop
[09:50] {Threei}  yeah
[09:50] {Threei}  GLD fell through the floor
[09:51] {ese} L omx .11 1/2
[09:51] {RonS} pcx sm l .10
[09:51] {Threei}  tripped SLW while passing by
[09:52] {Threei} Short Setup: FCX  .20 break if stays below .30
[09:52] {nemo} slw turning
[09:52] {Threei}  invalidated
[09:52] {Threei}  still a short, but into bounce
[09:52] {Threei}  let it go closer to .50
[09:53] {strider} short 1/2 .48
[09:53] {jfjf64} in.44
[09:54] {Threei}  two versions of a stop with these entries, stingy one above .50
[09:54] {Threei}  and real one above .60
[09:54] {jfjf64} hit
[09:55] {Threei}  very hectic action today
[09:55] {nemo} op ex wednesday wild and wooly
[09:55] {strider} add fcx .566
[09:55] {strider} 56
[09:56] {dino} fxcm sm l .22
[09:56] {strider} stop
[09:58] {Threei} Long Setup:  CAT  .20 break
[09:58] {Threei}  if holding .10
[09:59] {patience} in slw, different price than you on tsx
[10:00] {RonS} rads sm l .80
[10:00] {nemo} wow
[10:00] {ese} out omx .14 +.03   call it a non performing loan
[10:00] {Threei}  CAT target is around .40
[10:00] {strider} out 1/2 +10
[10:00] {strider} from .17
[10:01] {Threei}  (US) US Defense Sec Gates: There could be tragic consequences if Congress chooses to cut defense spending further
[10:01] {Threei}  pure scalping market so far
[10:03] {strider} short slw.15
[10:04] {Threei} Long Setup:  RIMM  .20 break
[10:04] {Threei}  if stays above .10
[10:05] {strider} out 1/2 slw .92
[10:05] {ese} L plab .24
[10:05] {ese} 1/2
[10:05] {Threei}  wtg
[10:05] {ese} stop .10
[10:07] {ese} out .39 +.14
[10:07] {ese} plab
06[10:07] * Threei kicks RIMM in the rear end
[10:08] {Threei}  if nothing else, violence should work
[10:09] {Threei}  did I confuse rear end with front?
[10:09] {nemo} I don't know, what do you see when you open your eyes?
[10:09] {davd} in rimm .2
[10:10] {strider} stop bal slw break even
[10:10] {Threei}  normally brooch indicates the front
[10:10] {RonS} out pcx .38 +.28
[10:11] {Threei}  nice one
[10:11] {Threei}  1:1 RIMM half out
[10:11] {strider} out 1/2 rimm +.08
[10:11] {dino} gj ron
[10:11] {Threei}  stop to .15
[10:11] {RonS} ty
[10:12] {strider} whoops. dumped all of rimm
[10:12] {dino} rads sm l .76
[10:12] {Threei}  look at SPY 1 min... isn't it totally psychotic?
[10:12] {RonS} rimm .23 to .38  +.15  thxs 3i
[10:12] {Threei}  welcome sir
[10:14] {Threei}  my favorite guy shares his wisdom:
[10:14] {Threei}  (US) US Treasury Sec Geithner reiterates cutting spending too quickly may harm recovery
[10:14] {ese} L axp .52
[10:14] {Threei}  going to play RIMM by the book
[10:14] {magoo} look jdsu
[10:14] {ese} 1/2
[10:15] {Threei}  no thinking involved
[10:15] {Threei}  1/4 more out
[10:15] {Threei}  stop to .25
[10:15] {Threei}  say no to thinking
[10:15] {RonS} if they spun deep cuts into US job hiring tax credits things would be healthier
[10:15] {Threei}  offering last piece at .55
[10:15] {RonS} but these guys cannot think out of the box
[10:16] {RonS} mon strong
[10:16] {nemo} what you in?
[10:16] {Threei}  who?
[10:16] {nemo} antoher stop slw
[10:16] {nemo} this should be a rinse, and yes, there it is
[10:17] {strider} watching DE for bounce off low
[10:17] {Threei}  LVS, interestingly weak
[10:18] {Threei}  if holds under resistance .60, could be an attractive short
[10:20] {Threei} Short Setup: LVS  .50 break if stays under .60
[10:21] {Threei}  invalidated
[10:21] {ese} out axp .52 +/- .00 commisonly
[10:21] {Threei}  by the way, shaky morning is larisa's fault
[10:21] {RonS} figured as much
[10:21] {Threei}  after losing some bet yesterday I had to eat her keyboard... but she rubbed broccoli all over it as a repellent
[10:22] {Threei}  and broccoli for me like garlic for vamprie
[10:22] {larisa} my keyboard is still here, not sure what you ate :)
[10:22] {Threei}  of course it is
[10:23] {Threei} Short Setup: SLW  .15
[10:24] {Threei}  stop above .25
[10:24] {strider} in .15
[10:26] {Threei}  with any market help should be good for 1:3
[10:26] {dino} bal
[10:26] {strider} long de .34
[10:27] {dino} rads stopped -.27
[10:28] {Threei}  is it time for violence yet, SLW?
[10:28] {strider} stop de
[10:28] {Threei}  or lets give it a chance to do the right thing on its own?
06[10:29] * Threei hits SLW over the head with 2x4
[10:30] {patience} vad, i am long slw, do you mind...ty
[10:30] {Threei}  *DOE CRUDE: +860K V +2ME; GASOLINE: +205K V +1ME ; DISTILLATE: -3M V -1ME; UTILIZATION: 81.2% V 84.5%E
[10:30] {Threei}  sorry dear
[10:30] {Threei}  but I love violence too much
[10:30] {patience} it's more of a swing for me, no worries   :)
[10:31] {Threei}  wow, 1 cenr shy of 1:1?
[10:31] {Threei}  come on, surely you must have more for us, SLW
[10:32] {Threei}  let's trail stop to above .20
[10:33] {strider} long iwf .29
[10:34] {Threei}  1:1, half out SLW
[10:34] {Threei}  scalpers know what to do
[10:35] {Threei}  STD... who on earth picked this symbol for a stock
[10:35] {nemo} slw looking long now
[10:36] {magoo} heidi fliess
[10:36] {Threei}  [STD] Banco Santander Central Hispan
[10:36] {nemo} fleiss
[10:36] {Threei}  scalpers win
[10:36] {Threei}  rofl magoo
[10:36] {Threei}  had to look that up
[10:38] {strider} out partial iwf +.10
[10:40] {nemo} mon..too late
[10:40] {magoo} vad u got read JDSU
[10:41] {Threei}  should be short soon
[10:41] {Threei}  watching
[10:41] {nemo} just about back to yesterday open
[10:42] {magoo} dino, wath u got?
[10:42] {Threei}  .60 break if defines .70 as resistance from here
[10:42] {magoo} what
[10:42] {strider} sh jdsu .65
[10:43] {strider} bid .54
[10:45] {Threei} Short Setup: FCX  .35
[10:45] {nemo} with what .51 stop?
[10:45] {strider} stop  jdsu flat
[10:46] {Threei}  will see where it tops out on this bounce
[10:46] {Threei}  I would prefer .45
[10:48] {Threei}  invalidated
[10:49] {nemo} big offer .50
[10:49] {Threei}  it still looks like potential short to me, just no setup yet
[10:51] {Threei}  well
[10:51] {Threei}  standard one is here, .40 break short with .50 break stop
[10:51] {Threei}  and variatey of aggressive entries inbetween
[10:52] {larisa} you realize it is at  day high?
[10:52] {Threei}  I do
[10:52] {Threei}  why?
[10:52] {larisa} where do you see short? just wondering, as double top?
[10:52] {Threei}  yes, with second top on lower volume
[10:52] {larisa} ok
[10:53] {Threei}  variatey... you'd think I type with my knees
[10:53] {RonS} think .18 is doable 3i?
[10:53] {nemo} spy run beyond R3, probably get slow for awhile
[10:54] {Threei}  1;1
[10:54] {Threei}  I do Ron
[10:54] {Threei}  wow, did I just say "I do" twice in 2 min
[10:54] {RonS} lol
[10:54] {Threei}  as always happens lately, best entry would be ridiculously tight one, .48
[10:55] {RonS} s .44
[10:55] {Threei}  :)
[10:55] {magoo} target?
[10:55] {Threei}  cover half at 1:1 and let it ride
[10:55] {Threei}  should lose .20
[10:56] {Threei}  if drops in .15 - .20 zone, cover in full
[10:56] {nemo} .22 support
[10:56] {Threei}  not likely to lose 55, IMO
[10:57] {magoo} which stock?
[10:57] {Threei}  FCX
[10:57] {magoo} ROFLOL
[10:57] {Threei}  which did yoyu think we were discussing all this time??
[10:57] {nemo} yeah
06[10:57] * Threei slaps magoo around a bit with a large attention-getter
[11:03] {strider} out +.12 fcx long 1/2
[11:04] {strider} stop .25
[11:04] {Threei} Short Setup: RIMM  .80 break
[11:04] {Threei}  valida again
[11:04] {Threei}  same setup
[11:04] {Threei}  if stays under .90
[11:05] {strider} stop bsl fcx +.03
[11:05] {Threei}  invalidated above .92, day high
[11:07] {strider} stop bal iwf +.05
[11:09] {strider} short bhp .00
[11:10] {dino} pcom drop
[11:11] {RonS} de acting heavy
[11:11] {strider} out 1/2 bhp
[11:12] {strider} out 1/4 +.20
[11:15] {strider} stop to .90
[11:15] {nemo} lvs
[11:16] {RonS} de gap fill
[11:17] {strider} out in full +.30
[11:17] {RonS} dino just loves those...:)
[11:17] {Threei}  RIMM 1:1
[11:18] {Threei}  FCX at the traget if you managed to hold threough these whipsaws
[11:22] {nemo} cstr oops
[11:22] {Threei}  (GE) Germany Chancellor Merkel: Germany may still seek the presidency of the ECB, yet not yet the appropriate time to propose a candidate- Surprised by Weber's decision to take himself out of the running for the ECB Presidency
[11:22] {Threei}  really?
[11:22] {Threei}  what's so surprising about that
[11:23] {Threei}  "you guys better fall apart without me at the helm"
[11:23] {Threei}  RIMM 1:2
[11:23] {Threei}  out in full
[11:23] {Threei}  OK, day looks much better
[11:23] {Threei}  but not stellar yet
[11:26] {dino} watching it ron
[11:28] {nemo} CSTR short Vad?
[11:29] {Threei}  too thin for my taste
[11:29] {magoo} what u in dino?
[11:30] {dino} fxcm and motr
[11:32] {dino} de sm l .50
[11:34] {dino} out de .82, +.32 ty ron
[11:35] {RonS} np
[11:36] {nemo} MON vad or dino, similar to de play
[11:37] {RonS} i thought it was "de plane"...
[11:37] {Threei}  IS) Israel Foreign Min issues comments following observations of warships near the Suez canal- Foreign Min notes that there were two Iran warships that were close to transiting the Suez canal for Syria and that Israel may respond in some way
[11:37] {Threei}  Foreign Min Avigdor Lieberman: "To my regret, the international community is not showing readiness to deal with the recurring Iranian provocations. The international community must understand that Israel cannot forever ignore these provocations."
[11:37] {nemo} o.k. shorty
[11:38] {nemo} if spy turns tna/iwm should
[11:38] {dino} mon
[11:39] {dino} hate to say it, but middle east is about to seriously blow up
[11:39] {nemo} [11:37] {nemo} MON vad or dino, similar to de play
[11:39] {dino} ok
[11:39] {nemo} it was .35 break on big offers
[11:40] {Threei}  just imagine what happens to oil if that materializes
[11:40] {nemo} I used to joke with a friend of mine who was a weapons control officer on a boomer that we should nuke the whole area, we can drill through glass
[11:41] {nemo} well, it was his joke
[11:42] {nemo} you take mon dino
[11:42] {nemo} ?
[11:42] {dino} they will nuke themselves
[11:42] {dino} no
[11:43] {davd} iranian warships near to suez canal
[11:44] {RonS} 3i just posted
[11:44] {nemo} they have the shkvaal torpedo too
[11:44] {magoo} so mkts should rock up correct :)
[11:44] {RonS} crazy price and vol action de
[11:47] {nemo} uso up .75
[11:47] {nemo} .50 lied
[11:48] {davd} good guess magoo
[11:50] {magoo} yea, sink a ship and RALLY BABY sigh
[11:51] {RonS} would you like to be on an iranian navla vessel w/ the US Navy around
[11:51] {RonS} if anything ever happened...toast
[11:52] {nemo} not so fast, there is no defense against that torpedo, that's why the Kursk was sunk
[11:52] {RonS} but the boat has to be there...the over the horizon stuff the US has is just sick...
[11:53] {nemo} the Iranian Navy are primarily small attack boats
[11:53] {nemo} Yeah, but that's a political morass
[11:53] {nemo} Nash is back
[11:53] {RonS} who?
[11:54] {nemo} rambler
[11:54] {RonS} lol
[11:54] {nemo} or was
[11:54] {nemo} he quit
[11:54] {nemo} could call him AMC
[11:54] {RonS} rotflol
[11:54] {nemo} Matador?
[11:55] {RonS}'s probably Romney w/ a secret code name
[11:55] {nemo} good one
[11:55] {Threei}  FCX
[11:55] {Threei}  bounce fro scalp
[11:55] {nemo} jeez, look at MOS chart wtf
[11:56] {_rambler} got lost but I found myself...
[11:56] {nemo} oy vay, wrong room
[11:56] {RonS} nemo does that every day
[11:57] {RonS} and it is not pretty
[11:57] {_rambler} I'll be good for another 15 min at least
[11:58] {magoo} RIMM read vad..i think short, but hey
[11:59] {Threei}  hmmm
[11:59] {Threei}  nothing to hang the hat on
[11:59] {magoo} or long ?
[11:59] {Threei}  rather long on pullback
[12:00] {Threei}  if drops just under 68
[12:03] {Threei}  US Dollar vs Chinese Yuan (CH) US Treasury Sec Geithner: China understands its currency must rise over time, current inflation rates in China appreciates the Yuan value by more than 10%/year
[12:03] {Threei}  - Notes that China has no other choice but to allow the Yuan to appreciate
[12:03] {Threei}  - Senator Schumer: China has show that China's Yuan policy has shown that the balance is changing (Note: Schumer is among the group of Congress people aiming to submit a Currency bill on China)
[12:10] {RonS} futes broke vwap and volume is surging to the downside
[12:10] {RonS} lvs short 3i?
[12:11] {nemo} impressive retracement
[12:11] {nemo} rimm held quite strongly by the way
[12:12] {nemo} also slw, no surprise gold after the suez announcement
[12:12] {Threei}  into bounce, Ron
[12:12] {Threei}  around .45
[12:13] {nemo} x short Vad?
[12:13] {Threei}  looks like
[12:13] {Threei}  it's at resistance
[12:15] {RonS} cstr sm l .10
[12:19] {magoo} is there a RIMM short setup developing vad?
[12:20] {Threei}  68 break
[12:20] {Threei}  anyone got LVS?
[12:20] {Threei}  .43 high
[12:20] {Threei}  2 cents from foretold
[12:21] {magoo} u gotta call them out
[12:25] {RonS} out cstr .68  +.58
[12:25] {RonS} thanks for the idea and making me privy to your system dino
[12:27] {dino} afop sm l ave .01
[12:28] {dino} lol, wtg ron, it's your system when you're pulling the trigger, :D
[12:33] {magoo} why is RIMM so strong today? news?
[12:33] {Threei}  nope
[12:34] {dino} buy on it
[12:35] {dino} by citi
[12:35] {dino} benefit from nokia stategy
[12:44] {nemo} and android I think
[12:45] {nemo} mon might be long right around here
[12:45] {RonS} or short...looks 2 way to me
[12:46] {nemo} retraced all it's gain from the open, I'd bet long
[12:46] {RonS} kind of a db from yesterday...
[12:46] {nemo} yeah .60 probably decision point
[12:48] {nemo} maybe .55
[12:50] {nemo} little C&H maybe on MON
[12:50] {nemo} you right
[12:53] {nemo} maybe I was right, it's going up into this downturn
[12:53] {nemo} pushmepullyou
[12:54] {RonS} the intra is really a rorshach test...and not worth the bother imo
[12:55] {nemo} likely to go to 73.20 if it goes
[12:55] {nemo} "intra"?
[12:55] {RonS} intraday chart
[12:57] {nemo} what do you trade off of?
[12:57] {RonS} every time i say 3i gets pissed
[12:57] {nemo} dcc me then
[12:58] {RonS} lol...forgot how...
[12:58] {nemo} doubleclick on my nick...mon broke .60
[12:58] {Threei}  hmm
[12:58] {Threei}  why would I
[12:59] {Threei}  unless you trade it off broccoli taste
[12:59] {nemo} interesting...lotta resistance on spy at .64
[13:00] {nemo} think I'll become a vegan
[13:00] {nemo} anybody take mon?
[13:01] {nemo} (in my best island accent no less)
[13:01] {nemo} mcp maybe too
[13:12] {Threei}  (IS) White House confirms that it is informed that Iran warships intent to transit the Suez canal in route to Syria
[13:21] {dino} vocs sm l .01
[13:24] {RonS} ...Syria has no port does it?
[13:24] {strider} short fcx 1/2 .65
[13:25] {nemo} support at .52
[13:26] {strider} stop .75
[13:26] {Threei}  things are ramping up
[13:26] {Threei}  (IS) Israel PM Netanyahu: Iran should not be allowed to produce a nuclear weapon; condemns Hezbollah threats to step up conflict
[13:26] {Threei}  - REMINDER: earlier today Israel said Iran was being provocative by sending two warships through the Suez bound for Syria, and Hezbollah threatened new attacks in northern Israel targeting the Galilee region.
[13:30] {RonS} is very curious to me how the grat majority of US jews remain democrat as they watch the O continue to pour crap on Israel
[13:30] {RonS} great
[13:30] {nemo} what cracks me up is they founded NAACP
[13:31] {RonS} well, the Republicans freed the slaves and Democrats opposed desegregation
[13:33] {nemo} Bermuda triangle of the FOMC dead zone
[13:33] {dino} zzzzzzzzzzzzzzzz
[13:34] {RonS} oh ya, forgot 'bout that bs...
[13:34] {nemo} holding on by the short and curlies there strider?
[13:34] {strider} not to worry
[13:35] {dino} hayn
[13:35] {strider} i DID SET MY STOP TOO CLOSE THOUGH
[13:35] {strider} no caps
[13:35] {RonS} scottie needs to say..."I can't hold it any longer captain"
[13:35] {nemo} did they have adult diapers back then?
[13:35] {dino} warp power in 3 minutes or you're fired
[13:35] {RonS} depends
[13:36] {nemo} nice one
[13:38] {strider} fcx unusually lethargic
[13:38] {nemo} FOMC day
[13:38] {RonS} 11:34 nemo Bermuda triangle of the FOMC dead zone
[13:38] {strider} stop
[13:38] {nemo} wow no kiddin'  didn't even see it
[13:39] {nemo} oh, and mon did go
[13:40] {RonS} sheesh, my comments were about mos...what an idiot...
[13:41] {nemo} what comment, you mean when I was talking about MON?
[13:41] {nemo} you DH
[13:41] {RonS} ya
[13:41] {RonS} sorry
[13:41] {nemo} don't feel bad, I traded a stock off a different stock's chart once, and still made money...very feel that puckering feeling when you realize it
[13:42] {strider} because you're so damn cheap.  Won't buy charts for all the stocks you trade.
[13:42] {nemo} no you dork, I had the wrong one on fsc, and a different one on the LASER LII
[13:43] {RonS} had an econ prof in grad school who would grab his butt and go...oooh, ooh I get all puckered up when I hear that
[13:43] {RonS} guy was from The Ozarks
[13:43] {dino} nasty
[13:44] {nemo} funny, I had an econ prof that used my partying habits as a demonstration of marginal utility
[13:44] {RonS} great prof...had worked at The Fed for Wayne Angel
[13:44] {RonS} that is funny nemo
[13:44] {nemo} guess I had a rep in college
[13:47] {nemo} that mon woulda' been good for .50 so far
[13:47] {Threei}  US) Preview: minutes of the Jan 26 FOMC meeting due out at 14:00ET
[13:47] {Threei}  - The FOMC kept rates on hold again at the January meeting and only made minor revisions in the policy statement. The committee noted the slow recovery in the economy continuing and acknowledged that commodity prices have risen, but indicated core inflation is still not a concern. The vote was unanimous for the first time in a year as the perennial dissenter Hoenig rotated out of the voting membership, and the hawk expected to take his place, Fisher, cast his first vote with the majority.
[13:52] {nemo} weird...went to a business school undergrad...favorite profs were German, Anthropology and Philosophy...go figure
[13:55] {nemo} mmmm DE short???
[13:56] {strider} not me
[13:56] {Threei}  coin toss
[13:56] {strider} and you have to furnish the coin
[13:57] {nemo} why don't we flip one of your cats
[13:57] {strider} $20 gold piece
[13:57] {nemo} If it lands on it's feet, it's a go
[13:57] {strider} ok.  Just did it.  landed on its feet.  go ahead.
[13:57] {dino} hayn sm l ave .50
[13:58] {strider} dino.  The eternal optimist.
[13:58] {strider} he thinks everything's going up.
[13:58] {nemo} info is out, spy moving
[14:00] {RonS} ...he just figures those drawers will stop drooping strider
[14:01] {nemo} whoa
[14:01] {nemo} dollar going up?
[14:02] {nemo} oil dropped
[14:03] {Threei}  a ,lot more of blah blah, none of which seems to be of slightest relevance to anything
[14:03] {Threei}  impriving but subdued
[14:04] {Threei}  adding but slowly
[14:04] {Threei}  better but nit by much
[14:04] {Threei}  you got the idea
[14:05] {kschun} hello guys
[14:05] {nemo} sneeze
[14:06] {Threei}  hi kschun
[14:08] {nemo} now oil moving up again
[14:08] {nemo} oh well
[14:10] {nemo} JDSU
[14:14] {nemo} nice stat: since listing in January 2009 VXX has lost 93% of its value
[14:14] {dino} viv
[14:15] {strider} cagc
[14:16] {_rambler} cagc
[14:16] {Threei}  no news yet'
[14:17] {_rambler} sorry strider...missed your post....watching it tank
[14:18] {strider} grumbel grumble
[14:19] {Threei} Short Setup: SLW  .90 if stays under 36
[14:20] {Threei}  or just short it here with 3 cents stop
[14:20] {strider} short cagc .90 small
[14:21] {strider} out 1/2 +.10
[14:22] {strider} news...we need news.
[14:22] {Threei}  none yet
[14:23] {strider} make something up
[14:23] {strider} a bad thing
[14:23] {RonS} china expects draught to worsen...
[14:24] {nemo} when was the last time an FOMC minutes release didn't meet with an upward moving market
[14:24] {dino} securities fraud allegations
[14:24] {kschun} SLW still valid vad? if it goes again under 36?
[14:25] {kschun} ah now, saw it above. all o.k. sorry.
[14:25] {strider} stop .05 cagc
[14:27] {RonS} made it up
[14:29] {strider} add .56
[14:29] {strider} avg. 73
[14:29] {strider} out 1/2 .43
[14:31] {nemo} what are your internals saying kschun
[14:31] {nemo} ?
[14:32] {kschun} neutral, for the moment preferring short side.
[14:32] {kschun} but TICK saying long
[14:32] {kschun} dilema...
[14:33] {kschun} SLW vad?
[14:33] {Threei}  no idea
[14:34] {Threei}  doing othng
[14:34] {Threei}  nothing
[14:34] {kschun} o.k.
[14:34] {Threei}  stays near the same level while marklet uptick, so maybe forms a short again
[14:34] {Threei}  but not clear yet
[14:35] {nemo} cstr might be a short
[14:39] {strider} add .40, avg. 57
[14:40] {nemo} yep, by cstr
[14:40] {RonS} levon helms strider
[14:40] {nemo} is he still alive?
[14:41] {RonS} The Night They Road Old Dixie Down
[14:41] {kschun} utitlities only sector negative. look for shorts here
[14:41] {strider} cover 1/2 .28
[14:41] {RonS} Rode
[14:41] {strider} stop b/e .565
[14:43] {dino} out hayn .out hayn .56, +1.06
[14:44] {RonS} are kidding, freakin dino...wtg
[14:44] {dino} thx, you guys busted me for taking it
[14:44] {nemo} look at that stock...oy frickin' vay
[14:44] {RonS} thing is thinner than Twiggy
[14:45] {kschun} OMC over 50
[14:48] {dino} out vocs .33 +.32
[14:49] {strider} out last cagc -.01
[14:50] {RonS} wtg strider...great trading illustration and lesson
[14:50] {strider} sh slw .02
[14:51] {strider} stop .07
[14:51] {dino} gj strider
[14:52] {strider} thx...that got me in the green for the day.
[14:52] {Threei}  Just 28% Say Federal Government Has Consent of Governed
[14:52] {Threei}  Americans Want to Keep Postal Service Public But Cut Delivery to Five Days -
[14:53] {strider} 1 day would be fine
[14:53] {RonS} sell it to ups or fdx
[14:53] {Threei}  seriously... what's up with you yankies... we canucks have our mail from mon to fri, and never missed saturday delivery
[14:53] {strider} sell it?
[14:53] {strider} sell what?
[14:54] {strider} it's nothing but govt owned buildings and deficit spending
[14:55] {RonS} hey the German postal service is DHL here..why not the reverse?
[14:55] {Threei}  do they have CEO?
[14:55] {Threei}  sell him
[14:55] {strider} Postmaseter General
[14:55] {nemo} looks like we're going for the highs
[14:55] {strider} shut up nemo
[14:56] {Threei}  we can sell you the CEO of our ferries corporations
[14:56] {nemo} fine short spy .84
[14:56] {strider} we have enough fairies, thank you.
[14:56] {RonS} we have plenty in SF and other cities
[14:56] {Threei}  sigh... your minds are firmly in the gutter
[14:57] {nemo} what did I say?
[14:57] {Threei}  surprizingly, this time it was not about you {G}
[14:57] {nemo} phewwwwww
[14:57] {strider} beans?
[14:57] {nemo} holy doodooo, the short's working
[14:57] {Threei}  I really want to short SLW...
[14:58] {strider} I wish you would
[14:58] {strider} I need the help
[14:58] {nemo} it ain't moving today
[14:58] {Threei}  SPY is dropping
[14:58] {Threei}  X too
[14:59] {nemo} [14:57] {nemo} fine short spy .84
[14:59] {Threei} Short Setup: SLW  36 break
[14:59] {Threei}  I don't get the "rally" vibe from market for the closing hours
[14:59] {Threei}  hour
[15:01] {nemo} it won't move
[15:02] {nemo} kschun...ein Bericht bitte
[15:03] {nemo} like the lower volume top on gmcr vad?
[15:03] {Threei}  nah
[15:04] {kschun} I prefer the long side at this point. but unsure, must find good entries.
[15:04] {strider} rimm
[15:04] {nemo} yeah
[15:05] {strider} 10 cents off hod
[15:06] {Threei}  must... find.... good... entries....
[15:07] {nemo} mmmhhh, spy triple top?
[15:07] {nemo} hush my mouth
[15:08] {magoo} christ i hacve dstuk qwuotes at rimm .47
[15:08] {magoo} look
[15:09] {_rambler} o.k. 3i, time to turn the bot loose....
[15:09] {_rambler} no more kidding around
[15:09] {nemo} slow creep up rambler not much
[15:09] {Threei}  oops... and I hoped to sleep through the last hour...
[15:10] {_rambler} I just woke up...ready to go
[15:10] {Threei}  dresaming of nap on Hapuna Beach...
[15:10] {Threei}  now I have to reenter joyless reality
[15:10] {strider} just remember, vad.  You're no butterfly.
[15:10] {Threei}  no???
[15:11] {Threei}  crap, today is just one big bitter disappoinment
[15:11] {strider} haha
[15:12] {Threei}  SLW call is still valid
[15:12] {strider} god I hate getting into these trades......slw
[15:13] {strider} starting to want to bail...which means it's probably going to move.
[15:13] {nemo} finish near the highs likely gap up again tomorrow
[15:13] {strider} well buy something nemo
[15:15] {strider} DE
[15:15] {nemo} can't take overniht
[15:16] {dino} sm l dci .35
[15:19] {kschun} SLW could go now
[15:19] {nemo} to where though?
[15:20] {strider} really
[15:20] {strider} all the way to .4
[15:20] {strider} .94
[15:21] {nemo} ese shares
[15:22] {strider} dino, do you keep track of your wins/losses differnet times of day/
[15:22] {strider} ?
[15:23] {strider} e.g., morning/mid-day/afternoon.
[15:24] {dino} yes, 9:30 until 10:00 i pretty much suck. 10-12 good, 12 to 1:30 50/50, 1:30 -3 good, 3-4 suck
[15:26] {strider} thx
[15:26] {strider} another penny and I'll be in the oney, slw
[15:26] {strider} you still taking it vad?
[15:26] {strider} money
[15:27] {Threei}  yes
[15:27] {kschun} for sure
[15:27] {kschun} sorry, knew it :-)
[15:27] {dino} np
[15:27] {strider} athat must be you with 6500 sh.
[15:30] {nemo} you're in the money strider
[15:30] {dino} out afop -.20
[15:30] {nemo} dino you know you suck this time of day
[15:30] {dino} out fxcm -.15
[15:30] {dino} yeah, they were from earlier
[15:30] {strider} I actually do better between 11-2PM
[15:30] {strider} 10:30-1:30 or so
[15:31] {dino} out dci +.11 at .46
[15:31] {dino} have to leave early for funeral, buddy died on snowmobile
[15:31] {strider} ...
[15:32] {kschun} took 1:1 with 3/4 of size, entry .02, stop 06, exit .98
[15:32] {kschun} rest out flat
[15:32] {dino} thx all
[15:32] {kschun} thought could still drop a little
[15:32] {Threei}  aren't you a stingy one
[15:32] {Threei}  take care dino... sorry to hear
[15:32] {kschun} sorry for your loss dino
[15:33] {strider} out dci +.11
[15:33] {dino} thx, it's a bummer
[15:33] {Threei}  I am not sure wat the pont of trading for 4 cents with smaller size is...
[15:33] {nemo} I knew a guy that committed suicide on a snowmobile...had cancer, went out with a bang...pinned it across a lake in Maine, aimed for a tree on the other side
[15:33] {kschun} :-) vad
[15:33] {strider} thanks for sharing, nemo
[15:34] {nemo} took three pickup truck loads to get all the ammo out of his house
[15:34] {kschun} I am sure: learn to be profitable with smaller size, then continiously enlarge your size
[15:34] {strider} probably your pickup.
[15:34] {kschun} same I got profitable on a weekly in swing trading
[15:34] {nemo} no, unfortunately
[15:36] {kschun} best guy in trading I saw in my life said: learn to earn a dollar per day. then just get used to more size.
[15:38] {kschun} however not a good day for me. my scalp account is down a little and my pos. daytrading account just flat.
[15:41] {strider} can I substitute a waterboard for slw?
[15:46] {Threei}  really boring eod
[15:47] {nemo} spy riding the channel up
[15:48] {strider} out slw flat
[15:50] {Threei}  gosh... you guys arwe so impatient
[15:51] {Threei}  bot just started working per rambler's demand
[15:51] {strider} ggrrrr!
[15:51] {Threei}  just let the market resolve
[15:51] {Threei}  what's with attempts to outsmart it
[15:51] {_rambler} there is hope....
[15:51] {strider} abandon all hope.......
[15:51] {Threei}  chant with me: Wu Wei
[15:52] {strider} ye who enter here.
[15:52] {strider} hari krishna...hari krishna
[15:52] {Threei}  nah, not that
[15:52] {strider} no contention
06[15:52] * nemo cuts strider's frickin' head off
[15:52] {kschun} LOL
[15:53] {strider} good.....didn't need that frickin one.
[15:53] {strider} now left with the good one.
[15:54] {nemo} I'll leave it alone
[15:54] {Threei}  lol
[15:54] {strider} can't take it back.
[15:54] {strider} it's done.
[15:54] {strider} You go directly to jail.
[15:54] {Threei}  OK, SLW
[15:54] {nemo} no, I'm not going to comment further
[15:54] {Threei}  couple cents more please
[15:55] {nemo} rovi coughed it up the last  20 minutes
[15:55] {strider} gosh, vad.  you've made 3 cents fo far.
[15:55] {strider} so
[15:56] {strider} whoops.  2 cents
[15:56] {nemo} yeah, but 20k shares
[15:56] {Threei}  nemo... you didn't cut enough off him
[15:57] {strider} need more spodiodi
[15:58] {strider} slw is officially off my list
[15:58] {Threei}  for the next 2 min?
[15:59] {strider} till I forget why I took it off.
[15:59] {Threei}  should be sooner then
[15:59] {Threei}  OK, out
[15:59] {strider} from now on, I'm an AEM guy.
[15:59] {Threei}  not much excitement to the day
[15:59] {Threei}  thank you all, have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {strider} thanks vad
[15:59] {larisa} bye all
[16:00] {_rambler} Thanks 3i and crew.....
[16:00] {Threei}  we will get them tomorrow
[16:00] {nemo} rovi finished at the lows for the day take that one short overnight
[16:00] {Threei}  unless they get us
[16:00] {_rambler} looking forward to getting them...