Monday, March 28, 2011

Mar 28 2011

Nice strong opening to the week with good percentage of winning trades, and a lot of invalidations for some reason. One of the bigger wins made Catch of the Day.

HON gave us classic Double Top scenario with three signs of topping, all are my favorite:
1. First top formed on higher volume, second on lower
2. First top peaks outside of Bolliner Bands, second one - inside
3. Top(s) are made in a form of candles with upward tails, indicating resistance that rejects buyers.

Little Doji above 59 formed entry signal - 59 breakdown, with stop above the first top, 59.10. Chart tells the rest of the story.

Session Time: Mon Mar 28 00:00:01 2011
[08:30] {Threei}  *(US) FEB PERSONAL SPENDING: 0.7% V 0.5%E; PERSONAL INCOME: 0.3% V 0.4%E
[08:31] {Threei}  *(US) FEB PCE CORE M/M: 0.2% V 0.2%E; Y/Y: 0.9% V 0.9%E; PCE DEFLATOR Y/Y: 1.6% V 1.6%E- Prior PCE Core MoM revised higher from 0.1% to 0.2%
[08:58] {Threei}  S&P Fair Value and Technicals -- Monday, March 28, 2011
[08:58] {Threei}  S&P Fair Value -4.83
[08:58] {Threei}  Buy programs -3.57
[08:58] {Threei}  Sell programs -6.20
[08:58] {Threei}  1310.00 pivot
[08:58] {Threei}  1309.50 e-pivot
[08:59] {jfjf64} mornin
[09:00] {Threei}  jf :)
[09:00] {nemo} were'd that come from
[09:00] {Threei}  what, jf?
[09:00] {Threei}  I guess just set his alarm clock a bit earlier
[09:00] {jfjf64} yes
[09:01] {Threei}  tired of mssing those 4 for 4 mornings,
[09:01] {Threei}  so today I will bomb
[09:01] {jfjf64} lol
[09:02] {dino} gm all
[09:02] {Threei}  dino :)
[09:02] {jfjf64} market  doesnt no or  care  what  ya  did  last week
[09:02] {jfjf64} correct
[09:02] {jfjf64} or week before
[09:02] {jfjf64} lol
[09:03] {Threei}  just like my stomach - no matter what I eat yesterday, it demands his portion today again
[09:03] {jfjf64} yes
[09:04] {jfjf64} nice bottle  merlot last night
[09:05] {jfjf64} 2006  st francis
[09:05] {jfjf64} nice
[09:05] {Threei}  now you are just making us jealous
[09:06] {jfjf64} 4/4 today ill send ya  bottle
[09:06] {Threei}  n pressure, eh
[09:07] {jfjf64} cold  here  east coast
[09:07] {jfjf64} no  spring
[09:08] {Threei}  what can I say.. we are just fine here on west coast
[09:08] {Threei}  well, aside of radioactove rain from Japan
[09:09] {_mrspox} hello all
[09:09] {Threei}  good morning mrspox
[09:10] {_mrspox} hi Threei
[09:13] {Threei}  intresting gap up this morning... without materials and PMs
[09:13] {Threei}  SLW, GLD, USO
[09:13] {Threei}  X
[09:13] {Threei}  FCX is only one in green but drifts down
[09:14] {davd} fcx was upgraded
[09:15] {Threei}  looks like short candidate to me, will watch for setup
[09:15] {dino} jf, 15 degrees f here with two inches of snow in my yard
[09:16] {rambler} morning all...
[09:16] {Threei}  rambler :)
[09:16] {Threei}  that's not too bad dino - remember, it's only at -40 where Fahrenheit and Celsius meet
[09:16] {rambler} dino, over 700 cm at the local ski hill here.....Mt Washington...
[09:17] {RonS} gm...60 yesterday, snow now, 60 tomorrow
[09:17] {Threei}  ron :)
[09:17] {davd} the fcx upgraded said "its selloff have been overdone" - kind of a late observation...
[09:18] {Threei}  what selloff
[09:18] {davd} the one two weeks ago?
[09:18] {larisa} gm :)
[09:18] {dino} value added
[09:18] {Threei}  larisa :)
[09:19] {davd} coldest night of my life on mt washington
[09:19] {rambler} were you camping...?
[09:20] {nemo} windiest place in the world
[09:20] {Threei}  how cold was it davd?
[09:21] {davd} value added 3i - makes the stock pop so we can short it.
[09:21] {rambler} tried winter camping once....
[09:21] {Threei}  that's how it looks to me so far
[09:22] {davd} it was so cold that 3i went long slw in the am
[09:22] {nemo} picked a helluva' place to try winter camping
[09:22] {rambler} need to upgrade my equipment....long night...
[09:23] {davd} overnight during thanksgiving - wasnt prepared - slept outside near the top
[09:23] {nemo} oh jeez...they get locked in up there for months
[09:24] {ese} morning
[09:24] {Threei}  ese :)
[09:24] {Threei}  FCX is downticking...
[09:25] {rambler} EK up 17% this a.m.
[09:25] {Threei}  don't want to get caught in morning volatility... hopefully will give us clean setup
[09:25] {ese} live in washington state
[09:25] {Threei}  prpare half lot
[09:25] {Threei}  SLW too
[09:26] {davd} oh ese - rookie mistake
[09:26] {davd} mt wash in nh
[09:26] {ese} nh?
[09:27] {nemo} New Hampshire
[09:27] {ese} ahhhhh
[09:28] {davd} its on the east coast next to vermont :D
[09:29] {Threei}  (EU) ECB Trichet: Reiterates view that pace of inflation in the eurozone is above target; monetary union is vital to avoid economic imbalances
[09:29] {ese} we have a mt washington here on vancouver island as well
[09:30] {Threei} Short Setup: SLW  43 break half lot
[09:30] {Threei}  late
[09:30] {nemo} yeah, right
[09:30] {Threei}  not even speakminbg of FCX
[09:30] {nemo} well, you're 2 for 2
[09:31] {Threei}  let's watch both for second chance entry into bounce
[09:31] {Threei}  lol
[09:31] {nemo} fcx at pivot
[09:31] {Threei}  actually yes, bounce candidate
[09:32] {Threei} Long Setup:  FCX  .70 break
[09:33] {Threei}  1:1
[09:33] {Threei}  SLW
[09:33] {Threei}  right back into resistance
[09:33] {Threei} Short Setup: SLW  .90 break
[09:33] {Threei}  if stays under 43
[09:34] {Threei}  invalidated
[09:34] {Threei} Short Setup: SLW  43 break
[09:35] {Threei}  invalidated
[09:35] {Threei}  valid again
[09:36] {Threei}  not a scalp if works
[09:36] {Threei}  1:1, half out
[09:37] {Threei}  scalpers win
[09:40] {Threei}  RIMM Hearing Detweiler makes cautious comments on roll out of new QNX based products
[09:40] {jfjf64} x runnin
[09:41] {ese} L mo .05
[09:41] {Threei} Long Setup:  RIMM  .30 break
[09:41] {Threei}  if stays above .20
[09:41] {ese} large
[09:42] {Threei}  invalidated
[09:42] {nemo} rimm support .00
[09:43] {Threei} Long Setup:  LVS  .65 break
[09:43] {Threei}  if stays above .55
[09:44] {Threei}  invalidated
[09:44] {Threei}  (US) Preview: Feb Pending Home Sales due out at 10:00 ET
[09:45] {Threei} Short Setup: SLW  .40 break
[09:45] {nemo} wll
[09:46] {Natali} gm all :)
[09:46] {Threei}  morning natali
[09:46] {nemo} another optimist
[09:46] {Threei}  stop above .50
[09:47] {Threei} Long Setup:  LVS  .50 break
[09:47] {ese} out mo .13 +.08 phew
[09:47] {nemo} .40 offer
[09:47] {nemo} bid
[09:47] {Threei}  stop under .40
[09:47] {ese} 7k of it
[09:47] {Threei}  nice one ese
[09:47] {ese} haven't done that in a while
[09:48] {ese} actually...... have seen anything that would allow me to do that
[09:48] {dino} sm l kub .25 stop .94
[09:49] {Threei}  LVS no go
[09:50] {Threei}  SLW 1:1
[09:50] {Threei}  half out
[09:50] {Threei}  .27
[09:50] {Threei}  1:2
[09:50] {Threei}  1/4 out .22
[09:50] {Threei}  last portion stop breakeven
[09:50] {Threei}  out
[09:51] {nemo} in slw .36
[09:52] {nemo} 1/2 out .47
[09:53] {Threei} Long Setup:  X  .05 break
[09:53] {Threei}  half lot
[09:54] {Threei}  invalidated
[09:54] {Threei}  pullback entry though
[09:54] {Threei} Long Setup:  X  .95 break
[09:54] {Threei}  if stays above .85
[09:54] {nemo} out 2nd half lvs
[09:55] {nemo} this is jf's fault
[09:55] {Threei}  1:1
[09:56] {jfjf64} tommorrow  sleep in  till  10 am
[09:56] {jfjf64} k nemo
[09:56] {nemo} 10 am Hawaii time please
[09:56] {Threei}  1:2
[09:56] {Threei}  what are you unhappy about, whiners?
[09:56] {nemo} not whining...jf bad luck
[09:57] {Threei}  jf, you have permission and even encuragement to slap him silly
[09:57] {nemo} do your own dirty work
[09:57] {Threei}  nah, I am too lazy
[09:57] {Threei}  let's wait out home sales number now
[09:58] {dino} swm sm l .11 thin, wide
[09:59] {nemo} I don't think it has any effect
[10:00] {Threei}  *(US) FEB PENDING HOME SALES M/M: 2.1% V 0.0%E; Y/Y: -9.3% V -4.4% PRIOR
[10:01] {rambler} bot ek  3.79  L
[10:01] {Threei}  wow, X was good for more
[10:01] {Threei} Long Setup:  FCX  .40 break
[10:01] {rambler} bot nvgn 2.11 L
[10:02] {Threei}  stop under .30 scalpers, .25 day traders
[10:02] {rambler} sold nvgn  +.25
[10:03] {nemo} fcx down with iwm and spy
[10:04] {Threei}  (LB) Libyan Foreign Ministry: Announces ceasefire in Misrata
[10:04] {Threei}  for, like, 5th time?
[10:05] {Threei}  no go FCX
[10:05] {ese} well thought out battle plan.......see if it will fool tem this time
[10:06] {ese} ebay tanking
[10:06] {Threei}  they are buying GSIC
[10:06] {Threei}  just anounced
[10:07] {ese} ahhhh
[10:07] {ese} l .91
[10:08] {ese} ebay
[10:08] {dino} 29/sh
[10:08] {nemo} rimm
[10:08] {ese} out .out .04 +.13
[10:08] {ese} ebay
[10:10] {nemo} rimm looking short
[10:11] {nemo} .08 offers
[10:11] {Threei} Long Setup:  RIMM  .10 break
[10:11] {Threei}  if stays above 57
[10:11] {nemo} those offers moved down to .07
[10:11] {nemo} bids .00
[10:12] {nemo} hehehehe short at .07
[10:12] {nemo} 1:1
[10:12] {Threei}  EBAY is back into bounce zone
[10:13] {rambler} Vad, HON could be a runner today...
[10:14] {Threei}  last setup on it was .70 break
[10:15] {nemo} took another 1/4 at .89
[10:15] {Threei}  hopefully pulls back for entry
[10:15] {strider} short?
[10:15] {ese} to where boss
[10:15] {ese} .80?
[10:15] {Threei}  under .80 I'd get interested
[10:15] {rambler} EK working....
[10:16] {Threei}  what's with these sharp spikes in SPY today
[10:16] {dino} ges sm l .75
[10:16] {Threei}  HIG
[10:16] {Threei}  takeover rumors
[10:16] {nemo} stop to .00 rimm
[10:17] {rambler} MCP going again....
[10:18] {Threei} Long Setup:  CAT  .30 break
[10:18] {nemo} 1:2 rimm
[10:19] {Threei}  HON...
[10:19] {Threei}  starts looking like double top
[10:19] {Threei}  CAT invalidated
[10:19] {Threei} Short Setup: HON  59 break
[10:20] {Threei}  if stays under .10
[10:21] {Threei}  target 1:3 with partials
[10:22] {nemo} rimm 1:3 still holding last quarter
[10:23] {nemo} stop is .91
[10:24] {jfjf64} who cares nemo
[10:24] {Threei}  lol
[10:24] {nemo} fine
[10:24] {Threei}  die already HON
[10:24] {nemo} I'll dcc everybody else except you
06[10:24] * Threei hits HON over the head with 2x4
[10:25] {Threei}  wait... will it count as domestic violence?
[10:25] {nemo} only if they find the body
[10:25] {Threei}  ah OK then
[10:25] {Threei}  1:1
06[10:26] * Threei buys big bottle of acid
[10:27] {nemo} I won't say jf
[10:28] {davd} hon featured positively in barrons
[10:29] {rambler} hit stop ek...
[10:30] {Threei}  ouch
[10:31] {Threei}  (LB) France President Sarkozy and UK PM Cameron state in joint declaration that no military occupation is wanted in Libya
[10:31] {Threei}  wet noodle
[10:32] {Threei}  let's cover 1/4 more HON
[10:32] {Threei}  .80 is quite strong support
[10:32] {RonS} ebay acting short 3i...
[10:32] {Threei}  want to secure more profit
[10:32] {dino} erj sm l .75
[10:33] {Threei}  looks like Ron
[10:33] {Threei}  no clean setup though
[10:35] {Threei}  come on HONey
[10:35] {Threei}  lose that .80
[10:35] {nemo} not gonna' say it jf
[10:35] {Threei}  good girl
[10:36] {rambler} bot onsm 1.77 L
[10:37] {nemo} not gonna talk about the high volume doji in rimm
[10:40] {rambler} hit HON with something VAD.....
[10:40] {Threei}  she is all bruised as it is...
[10:41] {Natali} stragling with software, it's quite complicated
[10:41] {rambler} stopped on onsm...
[10:41] {Threei}  private message natali
[10:41] {rambler} crapper...
[10:42] {Threei}  doubleclick on my name
[10:42] {Threei}  1:3 target hit
[10:42] {Threei}  out HON in full
[10:42] {Threei}  that was a good one
[10:42] {Threei}  if I may say so myself
[10:47] {nemo} out rimm .37
[10:47] {rambler} out HON ,thanks Vad
[10:47] {RonS} gj
[10:47] {Threei}  :)
[10:48] {nemo} sorry jf
[10:48] {Threei}  hooked big one nemo
[10:48] {nemo} yeah, not too bad
[10:48] {Threei}  Moby Dick
[10:49] {Threei}  this is interesting:
[10:49] {Threei}  DEER Announces Litigation Against Seeking Alpha Blogger "Alfred Little", Affirms 2011 Financial Guidance and Dividend Policy
[10:49] {nemo} bad news last week, terrible friday, NAS is doing squat, and it was just about to breech Friday close
[10:50] {rambler} HON flagging....
[10:50] {nemo} when the huge offer dropped from .08 to .07 I thought for sure going south
[10:53] {jfjf64} ty hon
[10:54] {Threei}  welcome jf
[10:54] {rambler} NVGN low vol coil....
[10:57] {ese} L vale .41
[10:57] {rambler} nvgn L 2.45
[11:02] {dino} ges stopped -.27
[11:02] {rambler} out nvgn  + .14
[11:02] {jfjf64} slb .20 short
[11:02] {nemo} bummer, too early rimm
[11:02] {Threei}  oh come on
[11:02] {Threei}  be reasonable
[11:03] {nemo} I did fine, just how do I do better
[11:03] {Threei}  (JP) TEPCO said to have detected plutonium in the soil around the Fukushima reactor complex, amounts of plutonium found "not harmful to human health" - Japan press
[11:04] {nemo} that is a crock of shit
[11:04] {nemo} there is no such thing as a safe amount of plutonium
[11:04] {Threei}  (GE) EU's Almunia: Germany cannot go on delaying the restructuring of its banks forever
[11:04] {strider} didn't say that.  Said 'not harmful'
[11:05] {Threei}  nemo... as every Russian knows, alcohol in small doses is harmless in any amount
[11:06] {RonS} jeez dino meli took off again
[11:06] {nemo} less than a milligram is fatal
[11:07] {Threei}  guys, don't forget to view HON trade in Catch of the Day after hours, there are couple "must know" things in that setup
[11:09] {ese} out .52 +.11 ...3k of the little blighters
[11:09] {Threei}  since when buggers became blighters?
[11:09] {nemo} since he found out what "bugger" means
[11:09] {nemo} he is a teacher you know
[11:09] {ese} i'm done for the day all....3 good winners but it's first day back after spring break and i gotta get stuff done.....cya
[11:10] {Threei}  ese, I just learned my firt 25 words of English... don't make me learn next 25 this soon
[11:10] {Threei}  take care
[11:10] {rambler} cya ese....
[11:10] {ese} lol
[11:10] {ese} make a great day all
[11:11] {rambler} hon ready to pop....
[11:12] {Threei}  hmmm
[11:12] {rambler} in at .42
[11:14] {davd} in hon .4
[11:15] {rambler} make up mind stock...
[11:15] {Threei}  (UK) UK PM Cameron: Would consider a tax on financial transactions (Tobin tax) if it were implemented equally on a global basis
[11:15] {Threei}  idiot
[11:16] {rambler} out...
[11:16] {Threei}  I dunno what you guys saw in it
[11:17] {jfjf64} bhi s .90
[11:17] {Threei}  on the other hand, that's what all my girlfriends were told by various people throughout all my life
[11:17] {rambler} saw green....
[11:17] {rambler} must be color blind....
[11:17] {Threei}  no setup... green prints by thmeselves is not a reason for entry
[11:20] {Threei}  new danger: Facebook depression
[11:20] {Threei}  this world lost its mind... can I get another world?
[11:20] {nemo} some of those faces are depressing
[11:20] {nemo} so, you see cellphone exhaustion/depression?
[11:21] {nemo} kids, sleeping with them under their pillows, so they won't miss an important text at 2:00 am
[11:21] {nemo} wtf
[11:21] {Threei}  stop the earth please
[11:21] {nemo} more bullets...shoot people
[11:21] {jfjf64} slb   can ya say  dieeeeeeeeeeeeeeeee
[11:21] {jfjf64} bhi
[11:22] {jfjf64} sorry
[11:22] {nemo} looks short jf
[11:22] {jfjf64} im in .90
[11:23] {nemo} long or short?
[11:23] {jfjf64} hope ya dont kill my trade now
[11:23] {jfjf64} short
[11:23] {nemo} I'll go long .01
[11:24] {nemo} 1:1
[11:25] {rambler} llnw L 6.89
[11:26] {nemo} thanks jf
[11:27] {jfjf64} i dont lk ya today nemo
[11:27] {jfjf64} lol
[11:27] {nemo} take a number
[11:27] {Threei}  today???
[11:27] {nemo} yeah, VAD tells me what you dcc about me
[11:28] {dino} h sm l .00
[11:29] {nemo} out, 1:1 looks
[11:31] {davd} in h .00 small
[11:36] {davd} hon not sweet
[11:37] {Threei}  SPY went red
[11:38] {Threei}  sorry, QQQ
[11:38] {Threei}  SPY is still green... but not for long probably
[11:39] {Threei}  in case you were curious:
[11:41] {davd} good for my barmitzva money
[11:42] {Threei} Short Setup: FXC  .90 break
[11:42] {Threei}  just a scalp most likely
[11:43] {nemo} fxc or fcx
[11:43] {Threei}  FXC
[11:43] {nemo} wow, dino stock
[11:44] {Threei}  ?
[11:44] {Threei}  1 cent spread
[11:44] {nemo} low volume
[11:44] {nemo} fcx
[11:44] {nemo} sorry
[11:44] {strider} yeah, what's up  withg that?
[11:44] {strider} so what was the trade?
[11:45] {strider} fcx or fxc
[11:45] {Threei}  [11:43] {Threei} FXC
[11:45] {strider} Okee!
[11:45] {Threei}  you guys will make it answer same question three timea?
[11:45] {Threei}  [11:45] {Threei} [11:43] {Threei} FXC
[11:45] {nemo} IWM or tna looks long
[11:46] {Threei}  not to me...
[11:46] {strider} not in short list here
[11:47] {Threei}  nor here
[11:47] {Threei}  oh well
[11:47] {Threei}  (PO) Portugal President schedules council of state meeting for March 31st, group to examine calling immediate election
[11:52] {Threei}  Russia: Opposition Leaders Sat Corruption Is Up Under Putin
[11:52] {Threei}  I want them to tell me when it was down
[11:52] {dino} shocking
[11:54] {Threei}  if I remember correct, it was 19th century tale about russian writer visiting some russian royalty in Paris... asked how things were back in motherland, he answered laconically: "everyone steals..."
[11:55] {Threei}  I may have confused some details, so Larisa may smack me down
[11:57] {nemo} think fcx two way here
[11:57] {nemo} short would be to .60 or so
[11:57] {nemo} lunch time on a range day....yeeeech
[11:59] {nemo} long fcx .86
[12:01] {nemo} 1/2 .95  just call me lunchwuss
[12:02] {Threei}  nemo is in rare shape
[12:02] {nemo} I should have massive hangovers and no sleep more often
[12:03] {nemo} 1/4 more .06
[12:03] {nemo} oh, half that at .07, lucky me
[12:04] {nemo} yeah, and I missed this: [11:47] {nemo} IWM or tna looks long
[12:05] {nemo} stop to b/e but don't tell jf
[12:05] {dino} ecpg drop
[12:06] {dino} gap fill
[12:07] {dino} sm l .65
[12:08] {Threei}  canadians, Lenin on TV
[12:08] {rambler} god help us...
[12:09] {Threei} Long Setup:  X  .50 break
[12:09] {rambler} has he pledged to solve world hunger as well...?
[12:09] {Threei}  if stays above .35
[12:10] {nemo} out rest of fcx .05
[12:10] {Threei}  he is in the best position possible - can promise anything with zero chance to ever have to fulfill promises
[12:11] {dino} out ecpg .95 +.309\
[12:11] {dino} .30
[12:12] {rambler} how about iggy yesterday stating that he is a democrat from the "bottom of my feet to the tops of my toes"...
[12:12] {Threei}  rofl, real;ly? I missed that
[12:12] {rambler} ooops.....fruedian slip or what...
[12:13] {Threei}  politicians are inexhaustible sources of fun
[12:14] {Threei}  X invalidated
[12:14] {rambler} unfortunately some believe in an inexhaustible supply of taxation for their 'nation building' ideas...
[12:17] {dino} thats because its not their money
[12:18] {rambler} roger that....
[12:34] {nemo} ebix at support from yesterday breakout
[12:35] {nemo} Friday breakout
[12:36] {dino} watching that
[13:01] {rambler} nvgn 2.62 L
[13:13] {Threei}  FCX
[13:13] {Threei}  watch for long entry on pullback
[13:13] {Threei}  desribaly closer to .90
[13:15] {Threei}  A Winnipeg lawyer pleaded guilty to professional misconduct Monday, admitting he pressured a client to have sex with his wife.
[13:15] {Threei}  what a screwed-up city
[13:16] {nemo} why?
[13:16] {Threei}  what do you mean why... why would he feel guilty about that??
[13:17] {RonS} but was the client male or female?
[13:17] {nemo} why did he want the client to have sex with his wife...menage?  wants to have a reason to divorce her?
[13:17] {Threei}  male
[13:18] {RonS} was his name Henny Youngman?
[13:18] {RonS} "take my wife...please..."
[13:18] {Threei}
[13:19] {nemo} damn, that iwm call I made...and then missed, was the bottom
[13:26] {Threei}  FCX, cancel that idea
[13:26] {Threei}  never pulled back far enough, and now is not a buy if goes there
[13:30] {dino} swm to .51
[13:31] {dino} out swm +.40
[13:31] {Threei}  wtg
[13:33] {dino} all dayer
[13:40] {dino} erj stopped .85, +.10
[13:41] {dino} el spike
[13:41] {Threei} Short Setup: EBIX  .65 break half lot
[13:41] {Threei}  if stays under .75
[13:42] {Threei}  invalidated
[13:48] {dino} h stopped -.12
[13:56] {davd} h stopped down .15
[13:58] {Threei} Long Setup:  EBIX  .75 break
[13:58] {Threei}  half lot
[13:58] {Threei}  thin one
[14:02] {Threei} Short Setup: RIMM  .30 break
[14:02] {Threei}  invalidated
[14:02] {Threei}  EBIX invalidated
[14:02] {Threei}  RIMM's fine
[14:03] {Threei}  still lunch lack of activity, let's do half lot
[14:06] {rambler} ADES pops...
[14:13] {Threei}  RIMM invalidated
[14:15] {Threei}  9501.JP Japan is mulling nationalization of Tepco - Japan press
[14:15] {Threei}  Govt considering relief to TEPCO's liability costs to evacuated residents, farmers, and others affected by the earthquake; Says utility operators are required to have liability insurance for up to 120B and may be responsible for anything above that amount; Press report estimating compensation bill to amount to several trillion yen.
[14:16] {rambler} have a good day all....thanks Vad....
[14:16] {Threei}  take care rambler
[14:16] {Threei}  TSLA Strength attributed to blog speculating that it could be a future takeover target
[14:19] {dino} skx sm l .00
[14:23] {dino} h sm l .71
[14:24] {dino} ades nice spread
[14:25] {strider} x?
[14:25] {nemo} 56.10 vwap
[14:27] {davd} in h .67 small
[14:28] {Threei} Short Setup: HON  .60 break
[14:29] {Threei}  if stays under .65 for superduperextrascalpers
[14:29] {Threei}  .70 for normal people
[14:32] {nemo} X bounced off vwap
[14:33] {strider} hon invaliumidated?
[14:33] {Threei}  yeah
[14:46] {Threei}  who unplugged X?
[14:46] {nemo} jf
[14:47] {Threei}  and FCX?
[14:47] {nemo} Les
[14:49] {nemo} X at support
[14:50] {dino} h stopped
[14:50] {nemo} interesting how rimm has held, can
[14:51] {nemo} can't last long
[14:53] {Threei} Long Setup:  FCX  .65 break
[14:53] {Threei}  half lot
[14:53] {Threei}  stop under .55
[14:53] {nemo} it's following spy
[14:54] {nemo} but .57 is pivot
[14:54] {Threei}  Egypt military place Mubarak under house arrest
[14:55] {Threei}  right... let's show all the dictators that they have no way out and better fight till bitter end
[14:57] {Threei}  X was better bounce candidate off .75
[14:58] {Threei}  let's trail FCX under .60
[14:59] {nemo} ebix
[15:02] {Threei}  1:1
[15:02] {davd} v spike
[15:02] {Threei}  like teeh pulling, but worked
[15:07] {Threei}  anyone's alive?
[15:08] {dino} not really
[15:09] {Threei}  (LB) Libya rebel council plans to put Muamar Gaddafi on trial following the end of hostilities
[15:09] {Threei}  yup... that's the statement after which he says fine, let's negotiate peace
[15:16] {nemo} mmmhhhh...V short under 73.00?
[15:16] {Threei}  probably but I doubt it will trigger
[15:17] {nemo} doom and gloom
[15:17] {Threei}  did
[15:18] {nemo} triggers and dies
[15:20] {Threei}  CBEN
[15:20] {Threei}  China Integrated Energy Denies allegations leveled against the company on a finance blog
[15:20] {Threei}  - China Integrated Energy has denied the allegations published in the article written by an author calling himself "Alfred Little." The Company has previously denied and addressed similar and overlapping allegations raised by an individual using the pseudonym "Sinclair Upton".
[15:20] {Threei}  - In order to provide the highest level of transparency to its shareholders, the Audit Committee of the Board of Directors had previously authorized the conduct of an independent investigation into the issues raised by Sinclair Upton. The Committee will ask the investigators also to consider the Alfred Little allegations. The Company intends to pursue all of its rights against the authors of these reports.
[15:20] {Threei}  seriosly, what the hell?
[15:21] {Threei}  anonymous blogger can post whatever he wants, influencing stock price?
[15:21] {dino} thats what happened w/ebix
[15:22] {dino} people are taking blogs as realk news
[15:22] {nemo} not sure real news is much better
[15:22] {Threei}  that one at least had actual name
[15:23] {nemo} jeez V either die or put me out of my
[15:25] {davd} must be some reg news on v, but i dont see it
[15:26] {dino} cnbc had some talk about the debit fees early this morning
[15:26] {Threei}  the only significant thing I see on it is Google partnership, but that's yeaterday
[15:26] {nemo} yeah baby
[15:26] {nemo} took half at .91
[15:27] {nemo} gonna tighten the stop to .06 play the right side of the H&S
[15:27] {davd} poss but move started at 2:15
[15:27] {davd} v move
[15:27] {Threei}  US Dollar vs Canadian Dollar Investor Dennis Gartman: Initiated short position today around C$0.9750- Stops around C$0.9855; Will add more below C$0.9725
[15:28] {nemo} IWM dropping spy holding
[15:28] {Threei}  see? my attemots to short FXC are supported by Gartman
[15:30] {nemo} out v
[15:43] {Threei}  SPY went red
[15:44] {Threei}  look aV now
[15:45] {nemo} do I have to?
[15:46] {nemo} oy
[15:46] {nemo} thought it was quiet sneeze
[15:46] {Threei}  no news for this selloff
[15:47] {nemo} damn, was looking at lulu in the .60 area
[15:55] {Threei}  I like this red close
[15:56] {Threei}  bodes well for easier trading ahead
[15:57] {Threei}  OK guiys, thank you all
[15:57] {Threei}  have a good evening, see you tomorrow