Friday, March 25, 2011

Mar 25 2011

Nice strong end to the week, with many winning trades and very few stops. Ended up with cute little scalp on the last minutes, just as matter of statement for the weekend.

Session Time: Fri Mar 25 00:00:01 2011
[08:34] {Threei}  *(US) Q4 FINAL GDP Q/Q ANNUALIZED: 3.1% V 3.0%E; PERSONAL CONSUMPTION: 4.0% V 4.1%E
[08:47] {nemo} rimm at resistance
[08:51] {Threei}  Japan just can't catch a break
[09:05] {dino} gm all
[09:06] {Threei}  dino :)
[09:07] {RonS} gm gents
[09:07] {Threei}  Ron :)
[09:07] {nemo} rimm was a great short at resistance
[09:14] {Threei}  how many folks holding RIMM for their tablet release got eaten alive overnight
[09:14] {dino} miliionsmillions
[09:14] {_svetlanab} Good morning
[09:14] {dino} rimm gets brutalized on earnings alot
[09:15] {Threei}  svetlana :)
[09:15] {Threei}  now and then it also gaps up on earnings - just often enough to encourage brave souls to hold
[09:15] {Threei}  only to slaughter them next time around
[09:16] {Threei}  and then it's all too familiar "oh well, it's going into my long term account, sooner or later it will be back"
[09:20] {rambler} morning folks....
[09:20] {Threei}  rambler :)
[09:23] {Threei}  saw last poll?
[09:23] {rambler} no
[09:23] {Threei}  Tory 43, Libs 24
[09:23] {ese} morning
[09:23] {Threei}  ese :)
[09:24] {rambler} awesome....
[09:24] {Threei}  imbeciles really want to give Cons majority
[09:25] {Threei}  not that I mind
[09:25] {rambler} I'm an imbecile....
[09:26] {Threei}  lol
[09:26] {Threei}  you know what I mean
[09:26] {rambler} yup...
[09:26] {larisa} gm :)
[09:26] {Threei}  push for election at the least favorable time, walking right into trap
[09:26] {Threei}  larisa :)
[09:27] {larisa} :)
[09:27] {ese} i think it's called being power hungry vad
[09:28] {Threei}  no doubt. but why take a shot when you have zero chance
[09:28] {Threei}  and will get obliterated
[09:29] {Threei}  watch harper introducing notion of taking away taxpayer funding for parties, crashing them financially
[09:29] {Threei}  whatever... they deserve it
[09:29] {ese} don't have an answer for that.......i used to understant canadian politics but not anymore
[09:29] {Threei}  OK, may come as a suprize but I am looking to short SLW
[09:29] {Threei}  prepare half lot
[09:30] {ese} for instance here in BC......the so called liberal party is esentially the old Social Credit party which is even more right than the conservatives
[09:30] {Threei}  .90 break
[09:31] {Threei}  invalidated
[09:31] {Threei}  44 break
[09:31] {Threei}  invalidated
[09:32] {Threei}  valid again
[09:32] {Threei}  stop above .15
[09:33] {Threei}  RIMM lost its mind
[09:33] {nemo} pulling a cree
[09:33] {strider} vad ,, when you get a chance will you explain your setup on slw?
[09:34] {Threei}  sure
[09:34] {Threei}  1:1 SLW
[09:34] {Threei}  half out .80
[09:35] {Threei}  1:2
[09:35] {Threei}  out .67
[09:35] {Threei}  watch jf coming in and crying bitterly
[09:35] {nemo} mos, wow
[09:36] {Threei} Long Setup:  POT  .70 break half lot
[09:36] {Threei}  too fast
[09:36] {Threei}  try to bid .70
[09:37] {Threei}  stop under .60
[09:38] {Threei}  beautiful
[09:38] {Threei}  half out
[09:38] {Threei}  .83
[09:38] {Threei}  stop to .69
[09:39] {Threei}  market sharp drop
[09:40] {Threei}  out
[09:40] {Threei}  oversaty a few cents
[09:40] {Threei} Long Setup:  SLW  .40 break
[09:40] {Threei}  invalidated
[09:40] {Threei}  .30 break
[09:41] {Threei}  whiuzzed by
[09:41] {Threei}  in
[09:41] {Threei}  stop under .20
[09:41] {Threei}  1:1
[09:42] {Threei} Short Setup: RIMM  .70 break half lot
[09:43] {Threei}  stop above .80
[09:44] {Threei}  1:1
[09:47] {Threei}  out in full
[09:47] {nemo} what days you gone next week vad?
[09:47] {Threei}  Mon - Wed
[09:47] {Threei}  not next
[09:47] {Threei}  next after next
[09:48] {Threei}  Apr 4-6
[09:48] {gregns} hitting on all cylinders, eh, ty,
[09:48] {Threei}  trying :)
[09:48] {Threei} Long Setup:  X  .50 break
[09:48] {jfjf64} yello
[09:48] {dino} kub sm l .95\
[09:48] {nemo} too fast
06[09:49] * Threei slaps jfjf64 around a bit with a 4 out of 4 morning
[09:50] {Threei}  1:1 who got it
[09:50] {dino} gj
[09:50] {Threei}  (US) Preview: March Final University of Michigan Confidence Index due out at 09:55ET
[09:50] {Threei}  **Consensus expectation: 68.0e v 68.2 Mar Preliminary
[09:50] {Threei}  - NOTE: March Prelim reading was the lowest since Oct 2010, while the Feb Final reading of 77.5 was the highest since Jan 2008. Also the March Prelim 1-year inflation expectations jumped to 4.6% from 3.4% in Feb, the highest inflation expectation since Aug 2008.
[09:50] {Threei}  ty
[09:51] {Threei}  ugh, had this feeling RIMM was about to reverse off .50
[09:51] {Threei}  but elected to ignore it
[09:51] {nemo} wow cree
[09:51] {Threei}  maybe RIMM is telling me I need to get in touch with feminine side
[09:52] {Threei}  pay attention to those, whaddoyacall'em...
[09:52] {Threei}  feeerings
[09:53] {Threei}  ok, let's wauit out numbers
[09:53] {Threei}  back to SLW setup, strider
[09:53] {Threei}  almost every morning it does this sharp drop
[09:53] {Threei}  and most of them we miss for one simple reason:
[09:53] {Threei}  we wait for strictly defined setup
[09:53] {strider} k
[09:54] {Threei}  but it doesn't give ay, it breaks any support it can fined and it's good night itene
[09:54] {Threei}  so what I tried to do here was to find that "any kind of support"
[09:54] {Threei}  first was .90, formed by first opening moves
[09:55] {Threei}  it elected to break resistance instead
[09:55] {Threei}  consolidated a little above new support
[09:55] {nemo} cree short?
[09:55] {Threei}  *(US) MARCH FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 67.5 V 68.0E
[09:55] {davd} orcl below pre market lows
[09:55] {Threei}  .50 break...
[09:55] {Threei}  not sure
[09:56] {Threei}  but iof you go for it, do half lot
[09:56] {Threei} Short Setup: X  .70 break
[09:57] {Threei}  too fast...
[09:57] {nemo} wow, they're breaking fast
[09:57] {Threei}  1:1, for ks's stats {G}
[09:57] {gregns} thks nemo re cree
[09:57] {nemo} sure
[09:57] {Threei}  wow!
[09:58] {nemo} what wow
[09:58] {nemo} ?
06[09:58] * Threei quietly leaves thje room and closes the door behind himself, to leave podium to nemo
[09:58] {nemo} it's really not that tough, 2nd day play
[09:59] {Threei}  what what wow? did you watch CREE drop? :)
[10:00] {Threei}  back into resistance
[10:00] {nemo} yep
[10:00] {Threei}  on lower volume
[10:02] {nemo} x short?
[10:02] {Threei}  nah
[10:02] {nemo} two sided possibly
[10:03] {Threei}  with SPY breaking 131.20, long is more likely
[10:04] {Threei} Long Setup:  X  .90 break
[10:05] {Threei}  if stays above .80 for scalpers, .75 day traders
[10:05] {dino} i show 3/9 gaps 12213, 2322, 1320
[10:06] {Threei}  not this time X
[10:06] {nemo} [10:04] {nemo} x short?
[10:07] {Threei}  your point is?
[10:07] {nemo} I owed you for your cree comment yesterday
[10:07] {Threei}  you seriously think I remember today what I said yestereday?
[10:07] {nemo} it's probably a db anyway
[10:07] {nemo} of course not
[10:07] {Threei}  I am not even sure there was yesterday
[10:08] {nemo} Yeah my FWB gives me hell for my lack of memory too
[10:08] {Threei}  takes me about 5 min to remember mu name in the morning
[10:08] {nemo} Until I have my second cup of coffee, I need to look at my license
[10:09] {Threei}  SLW...
[10:09] {Threei}  I don't see clear setup but overall, it starts looking like all day climber
[10:10] {Threei}  let's keep an eye on it, maybe forms something
[10:10] {nemo} think she pulls back here
[10:11] {Threei}  Harvard professor says away with goverment heads
[10:11] {Threei}  and claims he makes history
[10:12] {Threei}  .50 closest support...
[10:12] {Threei}  let's see if it pulls back to it and shows sogns of bounce
[10:12] {Threei}  ok, don't be in a rush to enter
[10:13] {nemo} spy morning high beginning of gap resistance
[10:13] {Threei}  let it form resistance
[10:13] {Threei}  so we could buy break of it
[10:14] {ese} L rimm sm .25
[10:15] {nemo} cree db
[10:15] {Threei} Long Setup:  SLW  .60 break
[10:15] {ese} out .08
[10:15] {ese} -.17
[10:15] {Threei}  if stays above .50
[10:15] {ese} hmmmmmmmm
[10:16] {Threei}  not a scalp to me
[10:16] {Threei}  even though stop is of scalping size
[10:16] {dino} kub stopped .67, -.28
[10:17] {nemo} pot and mos steroids
[10:17] {Threei}  market losing ground
[10:19] {Threei}  no go
[10:19] {Threei}  Fed's Lockhart: Favors completing QE2 program, without tapering; would set a high bar for potential QE3
[10:20] {nemo} look for spy bounce 131
[10:20] {Threei}  Deraa square in Syria reported to be the scene of heavy gunfire where protesters currently are gathered - world press citing sources
[10:21] {Threei}  RIG Hearing Global Hunter says RIG experiencing a leak blowout preventer on a rig in Malaysian
[10:23] {nemo} rimm,  mmhhhh, thinkin short, but not sure
[10:23] {nemo} yeah, bid .70, short
[10:25] {dino} swm
[10:25] {nemo} this is battle zone
[10:25] {nemo} lotsa' volume here on rimm
[10:27] {nemo} pre market on spy was .50 we're likely going back to test that today
[10:27] {dino} swm sm l .85 gappy
[10:29] {nemo} mcp
[10:29] {Threei}  guys, first official announcement:
[10:29] {Threei}  http://caracommunity.com/content/bill-caras-blog-mar-25-2011, scroll down a little to the banner
[10:29] {nemo} rimm back to short
[10:30] {jfjf64} mos  flyin
[10:31] {Threei}  whole program will be published soon, for now I can tell you that I am speaking on Sat, Oct 1
[10:31] {Threei}  for about, umm, 6 hours
[10:31] {Threei}  also included are a few mining companies
[10:31] {nemo} will there be skiing?
[10:32] {Threei}  and a session about gold minors
[10:32] {nemo} underage gold?
[10:32] {jfjf64} dtop   cf   daily
[10:32] {dino} kub sm l .84
[10:33] {nemo} tck volume here
[10:35] {jfjf64} cf  crazy vol
[10:36] {jfjf64} where is reverse
[10:36] {nemo} spy at pre market hghs
[10:38] {dino} wants 1320 gap
[10:39] {Threei}  9501.JP Exec: Water at the #1 reactor is now 'highly radioactive'
[10:39] {jfjf64} s  cf  .35
[10:39] {nemo} nice jf
[10:39] {jfjf64} seeeeeeeelllllllllllllllllllll
[10:39] {Threei}  wow SLW
[10:43] {ese} L keg 1/2 .27
[10:43] {nemo} smelling market pullback, near the spy morning highs, pivot resistance, and within .10 of the trend channel
[10:44] {nemo} pre-market highs
[10:44] {jfjf64} hope nemo
[10:44] {dino} gut head fake and up
[10:45] {Threei}  you still in CF jf?
[10:45] {jfjf64} yes
[10:46] {jfjf64} slave to mkt
[10:47] {dino} i can relate
[10:48] {jfjf64} mkt breaks
[10:48] {jfjf64} false ????????
[10:49] {dino} see "gut" above
[10:49] {dino} wants 1320
[10:54] {jfjf64} stop  b/e
[10:54] {jfjf64} all in
[10:55] {nemo} 132 then 132.40 on spy
[10:55] {RonS} keg kinda nutso eh ese?  unusual volume...
[10:56] {nemo} mos might be a long here stop under .10
[10:57] {dino} swm stopped
[10:57] {nemo} in .20
[10:57] {ese} ya
[10:58] {ese} would have thought it would have bounced off of .25 though
[10:59] {nemo} 1/2 out .32
[10:59] {patience} good morning, have i missed a busy morning ?
[10:59] {Threei}  very much so
[10:59] {patience} profitable?
[10:59] {ese} i'm likin the weekly chart ron....bumping up against 16 like it is
[10:59] {Threei}  very much so
[11:00] {patience} you're buying   :)
[11:00] {ese} lol
[11:00] {RonS} swm sm l .40
[11:00] {dino} crazy on
[11:00] {dino} one
[11:01] {RonS} w/ a name like that whadya expect...
[11:02] {dino} 48.15 area rejections
[11:03] {ese} L keg .25 avg .26
[11:03] {nemo} stopped 2nd half mos
[11:04] {RonS} keg l .25...tgt .38
[11:07] {dino} ndx gap 2337
[11:11] {rambler} bot ek 3.46
[11:12] {dino} snx sm l .00
[11:13] {Threei}  rambler, as a fan of small stocks, see PCYC?
[11:14] {nemo} mos could be long above .25 stop is iffy
[11:14] {rambler} she's a moving......
[11:14] {nemo} fcx tck pulling back
[11:14] {RonS} rambler ek is totally '60's duuude...
[11:14] {nemo} might bring mos and pot with them
[11:15] {rambler} lot of history there...
[11:15] {ese} fire sale going on there with ek
[11:16] {RonS} out keg .38 +.13  thanks ese
[11:16] {ese} for sure
[11:17] {dino} gj
[11:20] {dino} ty ron, piggybacked ya, out swm .15, +.70
[11:20] {dino} snx to .29
[11:21] {ese} out 1/2 keg .39
[11:21] {dino} out +.26 slip
[11:21] {ese} +.13 1k   balance 1k stop at .24
[11:24] {Threei}  SWM: Schweitzer-Mauduit Intl. Investor relations: Schweitzer-Mauduit to issue press release addressing patent ruling later today
[11:24] {Threei}  - NOTE: weakness in SWM has been attributed to a potentially adverse determination by the US Patent Office during a patent reexamination related to patents on Reduced Ignition Paper (RIP) . The document being circulated today is dated 3/17.
[11:25] {RonS} omg...rip...
[11:26] {nemo} LVS weak
[11:30] {nemo} mos above .80 likely long
[11:30] {rambler} ek going nowhere...out...
[11:34] {dino} dri sm l .50
[11:34] {ese} L pten ..36
[11:37] {rambler} dri
[11:37] {rambler} sorry, wrong keyboard
[11:38] {ese} out pten..24
[11:38] {ese} -.12
[11:38] {ese} grrrrrrrrrrrrrrrrrrr
[11:39] {ese} bull trap......g damn it.......hate getting sucked in like that
[11:39] {ese} not thinkin!!!!!!!!!1
[11:39] {Threei}  (US) Fed's Evans: Sees no need for QE3, after QE2 ends it would be natural to expect a certain period to elapse before further policy changes are enacted; economy is moving away from potential liquidity trap
[11:39] {Threei}  - Could be "months" after QE2 before policy is unwound, favors a "pretty accommodative" policy post-QE2.
[11:39] {Threei}  - Sees a tremendous amount of resource slack currently.
[11:39] {Threei}  - Wage, rent and clothing prices remain relatively low.
[11:39] {Threei}  - Disagrees with the view that Fed policies have been dangerous.
[11:39] {Threei}  - Expects to see US unemployment rate of 7.5% by end of 2012 v 8% prior forecast. Jobless rate is falling faster than expected.
[11:39] {Threei}  - Sees core PCE at +1.5% in 2013
[11:40] {ese} seen it a million times and what do i go and do????
[11:41] {dino} ?
[11:41] {ese} vad....gimmee some ah that vodka will ya
[11:42] {Threei}  but of course
[11:42] {Threei}  Russian Standard or Grey Goose?
[11:42] {ese} keg balance stoped .24
[11:42] {ese} the hardest stuff
[11:44] {dino} ron you still in swm?
[11:44] {nemo} got 1:1 on MOS while I was away
[11:44] {dino} gj
[11:45] {nemo} rimm
[11:46] {nemo} look offer, this thing could drop
[11:47] {dino} snx sm l .09
[11:47] {dino} dri stopped -.31
[11:53] {ese} why would single stock futures be offered on a stock....bullish outlook?  anyone got an answer or sugestion
[11:54] {ese} i get futures on commodities but ...i don't get it on stocks
[11:54] {Threei}  justr another way to make newbie lose money
[11:54] {dino} all about the green
[11:55] {ese} for sure but why pick some stocks and not others?
[11:55] {dino} dk
[11:55] {ese} hmmmmmm
[11:55] {ese} me neither
[11:56] {RonS} ese, imo the market maker needs enough liquidity to be able to hedge off the risk efficiently
[11:57] {nemo} .91 another long entry mos
[11:57] {dino} hain
[11:58] {ese} hmmm  theres a thought....tks ron
[12:00] {ese} ya but........hmmmmm.....you'd think that options could do that ya figur
[12:01] {RonS} two different trading groups and firms ese...
[12:01] {ese} ya ...true
[12:01] {RonS} cbot v cboe
[12:02] {ese} competing for order flow
[12:02] {ese} actually not even.....to different vehicles
[12:03] {RonS} their are baccarrat  players and poker players...targetting different customer
[12:04] {nemo} kinda looking like double tops on the indexes
[12:05] {ese} ya.......single stock future was offered on ldk this morning.......just one of those....hmmmmmm why do that things that went throught my mind
[12:05] {ese} why ldk and not any of the other solars
[12:05] {ese} am still buying bit a pieces of ldk......so am just wondering
[12:05] {Threei}  Fed's Hoenig to retire, Oct 1
[12:06] {Threei}  "my work is done", he thinks
[12:06] {nemo} took another quarter at 80.00
[12:06] {Threei}  or, "I better get out while getting out is possible"
[12:18] {dino} out snx .39, +.30
[12:21] {RonS} gj
[12:24] {dino} ty
[12:27] {davd} dollar at 5 day high uup 21.82
[12:27] {Threei}  with sincere apology to colder climate habitants,
[12:27] {jfjf64} cat
[12:27] {Threei}  http://photography.realitytrader.com/2011/03/spring-in-air.html
[12:27] {jfjf64} ??
[12:27] {jfjf64} weird chart
[12:28] {Threei}  don't know jf
[12:28] {Threei}  tough one here
[12:28] {Threei}  yeah, I dislike that sharp red bar
[12:29] {jfjf64} mos   .70  short  looks tempting
[12:29] {davd} that yen unwind might be starting up again re ycs
[12:33] {Threei}  (US) Fed's Plosser: Fed needs to tighten policy in the not-too-distant future, failure to exit policy at the right moment will have serious consequences for US inflation and economic stability
[12:33] {Threei}  - Plosser declines to qualify exactly when the Fed should begin exiting policy
[12:33] {Threei}  - Events in Japan and the Middle East pose very small risks to the US economy.
[12:33] {Threei}  - Highlights that the US economy has gained "significant strength."
[12:33] {Threei}  - Does not believe that weakness in real estate will prevent a broader economic recovery.
[12:33] {Threei}  NOTE: On Feb 23rd said: - has not ruled out a dissent at FOMC meetings - deflation threat has largely abated, beginning to see increasing pricing pressures
[12:33] {Threei}  - May end QE2 if economy accelerates further or if inflation is higher
[12:33] {Threei}  (US) 10-yr Treasury Note yield above 3.42% following Plosser comments - 2-week high
[12:33] {Threei}  Euro vs US Dollar Trades below 1.41 post Fed hawk Plosser's comments
[12:33] {Threei}  these comment supported dollar
[12:33] {Threei}  sent SLW down
[12:34] {Threei}  GLD too, of course
[12:36] {rambler} bot BMY L
[12:37] {Threei}  Only 33% Think Most Americans Blame Humans for Global Warming
[12:37] {RonS} huh?
[12:37] {Threei}  what a weird study
[12:38] {Threei}  In reality, roughly 40% of Likely Voters consistently have blamed global warming primarily on human activity. A plurality has just as consistently found that planetary trends are chiefly to blame.
[12:42] {Threei}  thanks to Plosser, canadian dollar finally shows some wekaness
[12:46] {Threei}  too bad I haven't paid much atention to that comment... there were too many of them lately, I became a bit immune
[12:46] {Threei}  would have called loonie short
[12:52] {dino} dri sm l .10
[12:56] {Threei}  two thoughts for Canadians:
[12:57] {Threei}  1. Why is prime Minister not in the House for the last two days? - he fainted of happiness seeing opposition going to self-dstruction
[12:58] {Threei}  2. Who is the biggest loser in this election? - Prime Minsiters's wife who will have to skip royal wedding because of election
[13:00] {rambler} out bmy...big .07....
[13:02] {Threei} Short Setup: FXC  .20 break
[13:02] {Threei}  if stays under .30
[13:03] {nemo} fcx
[13:05] {nemo} spy bottoms between here and .45
[13:09] {larisa} X you meant?
[13:09] {Threei}  who?
[13:09] {larisa} you in the call ?
[13:09] {Threei}  why? I meant exactly what I typed
[13:09] {Threei}  FXC
[13:10] {larisa} thought FCX :)
[13:10] {Threei}  no, FXC :)
[13:11] {Threei}  but if you thought I meant FCX, why did you ask whether I meant X?
[13:11] {Threei}  sorry, but I just have to ask :)
[13:11] {larisa} because  FCX i s not at .30 and X was and was breaking down. would be perfect call, wanted to  say gj :)
[13:12] {larisa} but forget it :)
[13:12] {Threei}  I bettre... this is way too convoluted, my brain may get electrocuted if I try to untangle that :)
[13:13] {Threei}  but hey... it's telling,that you ratjer invent such complicated sheme rather than believe that I typed what I wanted to ype... :)
[13:14] {Threei}  and the way I typed all that shows why
[13:14] {larisa} it is easy :) you always mistype. We always play FCX. So it is only reasonable to thoink you did it again :)
[13:14] {Threei}  right
[13:14] {Threei}  thoinking will do that
[13:15] {larisa} :)
[13:30] {RonS} finally out swm 48.40  +1.00
[13:32] {dino} gj
[13:32] {Threei}  beauty
[13:32] {ese} nice one ron
[13:33] {rambler} BMY working...without me....crap..
[13:34] {rambler} when am I ever going to learn....?
[13:48] {rambler} bot PRAN 3.10
[13:53] {rambler} Vad, you watching BMY......?
[13:54] {rambler} sad sad story......
[13:54] {Threei}  yes but 27 break was rthe only more or less readable setup
[13:54] {Threei}  oh come on
[13:54] {Threei}  evcery day there are thousands of stocks that move
[13:55] {Threei}  if you consider all of sad sories, you will be crying non-stop 24/7/365
[13:55] {rambler} lol
[13:57] {rambler} that said, ....it's still painfull to watch...
[13:57] {Threei}  ask nemo for his fanous painkiller recipe
[13:57] {Threei}  it includes 4 or 5 drinks mixed, none of them below 40%... but proportion matters
[13:59] {rambler} on the positive side.....1)   I found it     2)   I bought it....
[13:59] {Threei}  where?
[14:00] {rambler} now for 3)  sticking with it....
[14:00] {rambler} in one of my watch lists...cycling thru....
[14:01] {Threei}  I mean where have you bought it?
[14:01] {dino} erj sm l .76
[14:01] {rambler} bought at 26.89
[14:06] {Threei}  and sold?
[14:07] {rambler} sold at 26.96
[14:07] {Threei}  yeah, that's way too tight
[14:07] {rambler} yup...
[14:08] {Threei}  a few cents make sense only if yo play really big shares... scalp Type I
[14:09] {rambler} I'm too impatient I think...
[14:10] {Threei}  you are focusing on a wrong thing
[14:10] {Threei}  on money
[14:10] {rambler} you are right...
[14:11] {Threei}  money is not a subject of your job
[14:11] {Threei}  tradingh right is,
[14:11] {Threei}  so
[14:11] {Threei}  focus on a chart signal instead
[14:17] {Threei}  *(CA) CANADA PARLIAMENT PASSES NO CONFIDENCE MOTION IN THE CONSERVATIVE GOVERNMENT
[14:20] {Threei}  (US) Fed's Fisher: Will not support additional bond buying after Fed completes QE2; Would support inflation-only Fed mandate
[14:23] {davd} its like libya up there.  do you need nato to help?
[14:24] {Threei}  hmmm
[14:25] {Threei}  nah, I think we will defeat them
[14:25] {Threei}  buit look what weird system we have
[14:25] {Threei}  Note that following a vote of no confidence, the prime minister visits the Governor-General of Canada - currently David Johnston - to inform him of the vote. Only a minority government usually loses a confidence vote, because it does not control a majority of seats. As the representative of the Queen and the head of state, only the Governor-General can call a new election (but does so only when requested by the prime minister). The new election will be the 4th in the last seven years.
[14:26] {Threei}  so, imagine this:
[14:26] {Threei}  Queen is a head of state,
[14:26] {Threei}  Governor-General represents her, and as such, can call an election
[14:27] {Threei}  but Prime Minister is the one who puts him in his chair
[14:27] {Threei}  convoluted enough for ya?
[14:31] {RonS} wow, that bmy melanoma drug that got approved is $30k per dose and the protocol requires four doses
[14:31] {Threei}  main question is, is it covered?
[14:31] {Threei}  'cause if not, forget about it
[14:31] {RonS} ring up the death panel...
[14:31] {Threei}  yup
[14:34] {Threei}  as if this continent was lacking stupid statements,
[14:34] {Threei}  (EU) ECB's Noyer: Sovereign debt crisis is not an issue for the Euro, only related to economic governance
[14:34] {Threei}  - Calls for better governance of member states
[14:34] {Threei}  - Supports automatic sanctions of stability agreements, cannot say the EMU is safe from a future crisis
[14:35] {Threei}  stuptidity is not really limited to any side of the pond eh?
[14:35] {RonS} lol...Canadian general to take NATO command of Libya
[14:36] {Threei}  yeah
[14:42] {Threei}  whoever wants to get vfery drunk very fast, for the next 6 weeks can play a drinking way watching canadian TV. Drink every time you hear conservatives saying "fragile recovery" and "coalition."
[14:42] {Threei}  play a drinking game
[14:43] {Threei}  (PO) Portugal political parties move to hold early elections rather than form new coalition government - financial press
[14:44] {Threei} Long Setup:  BMY  .45 break
[14:46] {nemo} tna .20
[14:46] {nemo} 1/2 out .40
[14:47] {nemo} if it drops this bid, another quarter under .42
[14:47] {davd} in bmy .45
[14:48] {nemo} another quarter .41
[14:50] {Threei}  I'll trail BMY to .39
[14:50] {Threei}  not willing to give it much room
[14:57] {nemo} stop on tna is .24
[14:57] {nemo} I should probably make it .19
[15:01] {nemo} damn, little slow on ebix short
[15:02] {Threei}  lwt's scartch BMY
[15:02] {Threei}  takes way too long and lost the mojo
[15:03] {nemo} on that note, I scratched tna at .31
[15:12] {nemo} woulda got rinsed, but look at it now
[15:18] {RonS} out early, have a good weekend everyone...
[15:18] {Threei}  Apple Inc US trade panel finds Apple did not infinge five Nokia patents - financial press- dispute revolved around mobile phones, electronic music players and computers
[15:18] {Threei}  take care Ron, have a great weekend
[15:18] {dino} cya ron
[15:18] {nemo} pot might be short below .25
[15:21] {nemo} nope
[15:30] {Threei} Short Setup: X  .90 break
[15:35] {dino} .
[15:38] {Threei}  invalidated
[15:42] {Threei} Short Setup: X  55 break
[15:45] {Threei}  .06 stop
[15:47] {Threei}  feel free to cover for a scalp
[15:47] {Threei}  1:1
[15:47] {Threei}  on this winning note, let's have a great weekend
[15:47] {Threei}  see you all on Monday
[15:48] {rambler} thanks Vad, out at .85
[15:48] {Threei}  :)
[15:48] {rambler} cya all monday.....
[15:54] {larisa} bye :)