Tuesday, April 12, 2011

Apr 12 2011

Very strong day with many nice winning trades. Midday period of low activity was nicely framed by the fireworks in the morning and finishing touch of SLW short for 1:3 - see 15:15 call.

Session Time: Tue Apr 12 00:00:00 2011

[08:43] {RonS} gm all...hearing the SLW ceo got the boot
[08:44] {Threei}  morning Ron
[08:44] {Threei}  (CH) Fitch cuts China's long-term local currency issuer default Outlook to Negative from Stable; Reaffirms "AA-" sovereign rating
[08:44] {Threei}  - Its other ratings are also affirmed with the Long-Term Foreign Currency IDR at 'A+' with a Stable Outlook; the Short-Term Foreign Currency IDR at 'F1' and the Country Ceiling 'A+'.
[08:44] {Threei}  - The Negative Outlook reflects concern over the scale of sovereign contingent liabilities and risk to macro-financial stability arising from the very rapid pace of bank lending in recent years
[08:44] {Threei}  - Fitch expects some sovereign support for the banking system will be required.
[08:44] {Threei}  - The agency estimates that a rise in the non-performing loan (NPL) ratio to 15%-30% could necessitate upwards of 10%-30% of GDP in support for the system.
[08:45] {Threei}  Silver Wheaton Corp Randy Smallwood named CEO; Succeeding Peter Barnes who resigned today; Effective April 11th- As part of the transition process, Mr. Barnes has agreed to enter into a consulting agreement with Silver Wheaton.
[08:51] {Threei}  (US) Fed's Dudley: US economic growth in Q1 may be a bit disappointing, at +3% or less - Q&A
[08:51] {Threei}  - The risk of deflation has fallen significantly; inflation may peak in the 2.5-3.0% range
[08:51] {Threei}  - Notes that paying interest on excess reserves could contain inflation
[08:51] {Threei}  - Growth outlook has improved since last summer, yet recent outlook lower due to the earthquake in Japan and recent oil price spike
[08:54] {Threei}  (SR) Saudi Arabia reduces oil production as a response to weaker demand; now at 8.5M bpd v 9.2M prior - financial press
[08:54] {Threei}  huh?
[08:59] {dino} gm all
[08:59] {Threei}  dino :)
[09:00] {patience} is it friday yet?
[09:01] {Threei}  not on my calendar
[09:01] {patience} darn, ok.....then good morning
[09:01] {Threei}  but I am ready to change calendars any moment
[09:02] {nemo} 2012 no more calendars
[09:02] {patience} that works
[09:02] {patience} nemo, our little ray of sunshine
[09:05] {nemo} gamma ray of sunshine
[09:11] {RonS} eur rocking v $ now north of 1.45
[09:12] {Threei}  well, bailouts obviously work {G}
[09:13] {Threei}  my feel is, market has decided to ignore Spain issue until it comes to a head
[09:14] {davd} thoughts on open 3i?  oil continues down but japan being microwaved.  dollar again weak.
[09:14] {ese} morning
[09:14] {Threei}  ese :)
[09:15] {Threei}  thoughts is exaggeration... but FWIW, weak bounce and hard selloff is what I expect
[09:15] {davd} its worth a little more than my guess.
[09:16] {Threei}  I am not sure how Japan is an issue, the upgrade of disaster level is done retroactively
[09:16] {dino} options expire friday, usually a wild day or two during options ex week
[09:18] {gen} gm all
[09:18] {Threei}  gen :)
[09:18] {gen} :)
[09:26] {Threei}  SLW is chewing on support
[09:26] {nemo} BBBY and RHT are on cliffs
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} :)
[09:29] {jfjf64} yello
[09:29] {Threei}  jf :)
[09:29] {nemo} you're early
[09:29] {Threei}  lol
[09:29] {rambler} morning...
[09:29] {jfjf64} u nemo
[09:29] {Threei}  rambler :)
[09:30] {Threei} Short Setup: SLW  .70 break
[09:31] {Threei}  half lot
[09:31] {Threei}  stop above .80
[09:31] {Threei}  yesterday's low .56
[09:31] {Threei}  if losing it likely to drop big and fast
[09:31] {Threei}  feel free to cover as you see fit
[09:32] {Threei}  out .30
[09:32] {Threei}  can I go home?
[09:32] {jfjf64} nice nice
[09:33] {jfjf64} not  bad
[09:33] {Threei}  big and fast drop it did
[09:33] {dino} gj
[09:33] {Threei}  ty
[09:33] {Threei}  bounce time soon
[09:33] {jfjf64} ya read  was perfect
[09:34] {Threei} Long Setup:  SLW  .25 break
[09:34] {Threei}  1:1
[09:35] {Threei} Long Setup:  RIMM  .10 break half lot
[09:35] {Threei}  ugh, late
[09:35] {Threei}  no chasing
[09:35] {Threei}  see if pulls back for entry
[09:36] {Threei}  same setup
[09:36] {Threei}  if stays above 54 of course
[09:38] {Threei}  1:1
[09:39] {dino} jdsu wants that 18 gap from feb
[09:39] {ese} anyone eles's intelliscan not working
[09:39] {Threei}  works fine
[09:40] {nemo} use the "on" button ese
[09:40] {ese} little green bars not flashing
[09:40] {Threei}  they do here...
[09:40] {Threei}  your connection...
[09:41] {jfjf64} ese  who needs  scanner  today   3i   tearing it UP
[09:41] {Threei} Short Setup: FCX  .40 break
[09:42] {Threei}  if stays under .50
[09:42] {Threei}  1:1
[09:43] {Threei} Short Setup: X  10
[09:43] {Threei}  too fast
[09:43] {Threei}  FCX 1:2
[09:43] {Threei}  X got away
[09:44] {Threei}  if anyone managed to catch it, cover as you see fit
[09:44] {Threei}  rambler... have a look at SIFY... could be your kind
[09:45] {rambler} thanks Vad..
[09:45] {Threei}  SLW
[09:45] {Threei}  long on pullback
[09:45] {Threei}  from under .50
[09:45] {Threei}  .55 long
[09:45] {Threei}  if holding .45
[09:46] {dino} tdsc sm l .00
[09:46] {Threei}  touched 1:1, I was a bit too slow
[09:48] {Threei}  should go now
[09:48] {Threei}  1:1
[09:49] {Threei}  let's continue at this pace until first stop
[09:49] {Threei}  then pause and reevaluate
[09:49] {jfjf64} SALUTE
[09:49] {Threei} Long Setup:  X  .90 break
[09:49] {Threei}  if holding .80
[09:49] {Threei}  invalidated
[09:50] {Threei} Long Setup:  RIMM  .10 break
[09:50] {nemo} vfc short .90
[09:50] {Threei}  if holding 54
[09:51] {Threei} Long Setup:  X  .80 break
[09:52] {Threei}  1:1
[09:52] {jfjf64} fdx short
[09:52] {jfjf64} ?
[09:53] {Threei}  not sure... tough read
[09:53] {jfjf64} ty
[09:54] {Threei} Long Setup:  GLD  .40 break if holding .30
[09:55] {dino} out tdsc flat
[09:55] {dino} market feels heavy
[09:56] {Threei}  astopped
[09:56] {Threei}  ok... let's take a breath
[09:56] {jfjf64} please
[09:56] {Threei}  lol
[09:56] {jfjf64} cant wait  4 ya evaulation
[09:57] {Threei}  let's wait out the numbers
[09:57] {Threei}  (US) Preview: April IBD/TIPP Economic Optimism Index due out at 10:00ET
[09:57] {Threei}  **Consensus expectation: 45.0e v 43.0 prior
[09:57] {rambler} RIMM long...?
[09:57] {Threei}  not right before numbers
[09:58] {Threei}  too risky, easy to get caught in sudden move
[10:00] {Threei}  *(US) APRIL IBD/TIPP ECONOMIC OPTIMISM: 40.8 V 45.0E
[10:02] {nemo} 1/2 out vfc .80
[10:03] {dino} ades sm l .25
[10:03] {dino} stop .9
[10:03] {dino} .99
[10:04] {Threei}  gold loses lustre rapidly
[10:04] {jfjf64} mon  dtop
[10:06] {Threei}  FCX
[10:06] {Threei}  watching for double bottom
[10:07] {Threei}  no, new low
[10:07] {dino} mkts falling still
[10:07] {dino} 07 all red
[10:08] {nemo} 1/2 out mon short at .90
[10:08] {dino} gj
[10:08] {Threei}  SLW is getting eaten alive
[10:09] {Threei}  bounce time soon though
[10:09] {nemo} 1/4 more .65
[10:09] {Threei}  wtg
[10:09] {Threei} Long Setup:  SLW  .05
[10:10] {Threei}  stop under .95
[10:10] {Threei}  1:1
[10:11] {dino} lod
[10:11] {Threei}  bigger double bottom is coming, SLW
[10:11] {Threei}  ugh, missed
[10:12] {Threei}  thought of .90 but it didn't consolidate there long enough
[10:12] {nemo} damn missed high volume hammer off iwm bottom
[10:13] {Threei}  high volume hammer = jackhammer?
[10:13] {nemo} basically
[10:15] {nemo} DF me...took last of VFC short at .60
[10:15] {patience} thanks vad, 2 scalps of slw, not staying for a long time...too volatile for me to stay awhile
[10:15] {Threei}  yw
[10:16] {dino} tdsc sm l .50
[10:17] {Threei}  FCX
[10:18] {Threei}  grr
[10:18] {patience} slw wants down for a good washout
[10:18] {dino} ensg sm l .35
[10:19] {Threei} Long Setup:  FCX  .60 break
[10:20] {Threei}  no go
[10:20] {nemo} rinse?
[10:20] {Threei}  could be
[10:20] {Threei}  not trying second time
[10:20] {Threei}  way too volatile here
[10:22] {nemo} japan moved nuclear crisis to a 7
[10:23] {Threei}  happy new 2010 year nemo
[10:23] {nemo} didn't know you had mentioned it
[10:23] {RonS} bet they would like to move it to korea
[10:23] {nemo} wow cyh
[10:23] {Threei}  [09:16] {Threei} I am not sure how Japan is an issue, the upgrade of disaster level is done retroactively
[10:25] {Threei}  yeah... that was a rinse
[10:27] {dino} cyh sm l .50
[10:28] {nemo} slw
[10:30] {nemo} think long MCP small here good
[10:30] {RonS} rvbd sm l .11
[10:34] {Threei} Long Setup:  GRMN  34 break small shares
[10:35] {dino} cyh stopped .29, -.21
[10:35] {patience} long slw
[10:40] {RonS} out rvbd .38 +.27
[10:41] {rambler} MWW  running...
[10:41] {Threei} Long Setup:  TZA  .30 break
[10:41] {Threei}  stop under .20, target .60
[10:43] {Threei}  the weirdest headline I've see in a while:
[10:43] {Threei}  NATO Rejects France Criticism for Not Doing Enough in Libya
[10:44] {Threei}  if France criticizes you for being not militant enough...
[10:44] {Threei}  1:1 TZA
[10:44] {Threei}  firast partail out, and stop to .25
[10:44] {Threei}  look at SPY chart
[10:44] {Threei}  see what I am playing for?
[10:45] {dino} tdsc drop
[10:45] {Threei}  .20 breakdown and cascade
[10:45] {Threei}  that's TZA idea
[10:45] {Threei}  1:2, second partial
[10:46] {RonS} took tza .29 to .48  thanks 3i
[10:46] {Threei}  :)
[10:46] {Threei}  stop b/e
[10:47] {Threei}  needless to say, GRMN is invalidated
[10:47] {Threei}  but I'll say it anyway
[10:51] {davd} out tza +.18
[10:51] {jfjf64} nice  3i
[10:51] {dino}  gj
[10:52] {Threei}  maybe my brain is back from vacation
[10:52] {nemo} do you stand at your desk to take pressure off it?
[10:52] {Threei}  how rude
[10:52] {nemo} thank you
[10:53] {Threei}  sure thing
[10:53] {Threei}  1:3, target hit
[10:53] {Threei}  out .58
[10:55] {davd} brent lod re dbo
[10:56] {RonS} oil fute at 105.80
[10:56] {davd} 30yr treas hod re tlt
[10:56] {Threei}  davd, that was a good forecast, pre-market
[10:56] {Threei}  [09:15] {Threei} thoughts is exaggeration... but FWIW, weak bounce and hard selloff is what I expect
[10:57] {davd} i agreed with you, it was right, so i was right !
[10:57] {Threei}  yes sir
[10:57] {Threei}  right you were
[10:57] {dino} cyh sm l .25
[10:57] {davd} actually, not sure i saw much of a pop/ none of my shorts got picked up
[10:58] {Threei}  can we just go to the nearest bar and continue slapping each other backs till they run out of beer?
[10:58] {Threei}  first 20 min after open, about 45 cents SPY bounce
[10:58] {jfjf64} sounds lk plan
[10:58] {Threei}  that was it
[10:59] {Threei}  jf joins I see
[10:59] {Threei}  which means they'll run out of beer much faster
[11:00] {Threei}  one more leg down, then I'd start looking for bounce
[11:01] {Threei}  British Petroleum plc Cancels Board meeting at Russia joint venture - financial press citing sources
[11:01] {Threei}  - Reminder: BP's current Russian partners at TNK-BP have been trying to block BP's new venture in Russia with Rosneft.
[11:01] {davd} imo if oil stays lower all day may see a market pop at eod
[11:02] {Threei}  "trying to block"? do russian businessmen lose their resolve?
[11:02] {nemo} no, they kill the opponent
[11:02] {Threei}  b,locking used to be very simple, and no nonsense like "trying'
[11:02] {nemo} pot long over .70?
[11:03] {Threei}  "see that man with machine gun? he has ordere to open fire if anyone goes through that door. Now, do we cancel that board meeting or what?"
[11:04] {davd} re pot - wheat and corn are weak
[11:05] {Threei}  so, in absence of food you think pot is the answer?
[11:06] {davd} yes cheaper to have the munchies today
[11:06] {Threei}  lol
[11:07] {Threei}  furthers... missed beautiful morning
[11:07] {RonS} freakin cyh making me dizzy dino
[11:07] {nemo} He was too busy selling funeral supplies
[11:08] {dino} lol ron, here i'm thinking its stuck, my stop is .09
[11:08] {RonS} cyh big diff v those appt traders
[11:08] {Threei}  6 wins, 2 stops
[11:09] {dino} ensg working by appt nicely
[11:09] {davd} lawsuits are crazy for stocks re cyh
[11:10] {davd} re wti - goldman report says wti down to 105?
[11:10] {dino} bwc drop
[11:11] {_furthers} 101 fever last night,, got up a 10am this morning... missed a good short...
[11:11] {dino} that sux
[11:12] {davd} actually - goldman says Brent to 105 (currently 120)
[11:13] {ese} thats a hefty increase
[11:14] {_indeed} looks like i missed a good open
[11:16] {dino} indeed
[11:16] {jfjf64} lol
[11:16] {RonS} nemo, you may find this interesting....http://tinyurl.com/6jc9n67
[11:17] {nemo} was just looking at that...
[11:18] {RonS} out cyh .25 to .36  +.11
[11:18] {dino} panl crushed last 5 days
[11:18] {dino} gj
[11:19] {RonS} claim panl on homeowner's insurance
[11:19] {Threei}  yes indeed
[11:19] {Threei}  I don't think activity is over yet though
[11:19] {dino} ensg to .86
[11:20] {_indeed} lots of downward pressures
[11:20] {Threei}  SPY should lose 131, make another leg down, then bounce should come in earnest
[11:20] {nemo} 130.82 or so is monthly pivot on spy 131.38 is weekly S1
[11:20] {Threei} Short Setup: SLW  42 break
[11:21] {nemo} 82.06 is monthly pivot on IWM and 82.24 is weekly S1
[11:21] {Threei}  stop above .10
[11:22] {Threei}  no rinsing SLW
[11:23] {Threei}  no go
[11:23] {dino} panl sm l .95 gappy
[11:25] {dino} ensg to .90
[11:29] {dino} mkt wants up
[11:30] {Threei}  I can't shake off the feeling that hard smackdown is coming as soon as this bounce starts looking like taking root
[11:30] {dino} ensg stall, to .95
[11:32] {RonS} gluu sm l .80
[11:36] {dino} out ensg .89, +.54, major slip
[11:36] {patience} nice
[11:37] {dino} ty
[11:37] {nemo} spy likely to .36 area IWM likely to descending vwam currently at .47
[11:37] {nemo} vwap
[11:37] {RonS} a slip on such a high vol stock?...sacre' bleu!
[11:38] {nemo} yeah T&S so fast makes me dizzy
[11:38] {Threei}  (JP) IAEA comments on nuclear incident in Japan; Fukashima and Chernobyl incidents are very different; there are large differences in the level of radiation released from the two plants
[11:38] {nemo} at this time
[11:38] {RonS} ok...what are they...
[11:39] {Threei}  well... for one, they spoke Ukrainian at one locale and Japanese at another...
[11:39] {RonS} so patience...you long slw...am hearing people noting siver relative price strength v oil and gold...
[11:39] {nemo} they drink Vodka one place and Sake the other
[11:40] {davd} lol
[11:40] {RonS} silver
[11:40] {Threei}  pullback time, IMO
[11:40] {Threei} Long Setup:  TZA  .35 break
[11:40] {Threei}  just a scalp most likely
[11:40] {Threei}  not like last time around
[11:41] {patience} still long, giving it more breathing space as opposed to this morning
[11:41] {Threei}  (GR) France Fin Min Lagarde: Greece will not require a debt restructuring as it will not go bankrupt - newspaper interview
[11:41] {RonS} lol
[11:41] {dino} lol, it will now definitely go bankrupt
[11:42] {dino} sort of like upgrading a stock when you are selling out
[11:42] {RonS} ...those French...
[11:45] {RonS} rvbd sm l .80
[11:46] {Threei}  TZA stop is .28
[11:47] {Threei}  NVDL Strength attributed to Israeli press article commenting on NovaDel's plans to release a generic spray version of Viagra as soon as next year
[11:47] {Threei}  spray?
[11:47] {Threei}  I can see mayhem on the streets
[11:47] {patience} cool
[11:47] {dino} panl stopped -.32
[11:47] {Threei}  as some damsel in distress mixes the mace and viagra in her purse
[11:48] {Threei}  and sprays her attacker with wrong one
[11:48] {nemo} yeah, one's for the bar, and one for the dark alley
[11:48] {dino} lol
[11:48] {patience} nope, he will think it is the room deodorizer in the bathroom when he is visiting it....hmmm....evil thoughts
[11:48] {davd} leno is gonna be all over this
[11:49] {Threei}  feel free to take profit TZA
[11:49] {Threei}  just a scalp
[11:50] {Threei}  out, taking back that stop on SLW
[11:51] {Threei}  if they tried their spray on their stock chart over last few days, it looks like working
[11:52] {_indeed} gives a whole new meaning to fib retracement
[11:52] {Threei}  lol
[11:56] {Threei}  wow TZA... more than I expected
[12:00] {dino} panl feels like 50 strike
[12:00] {RonS} out gluu .89 +.09
[12:01] {rambler} long SLW 42.09  stop 42
[12:02] {nemo} that's a good one rambler
[12:02] {nemo} set your stop and nap, it's lunchtime
[12:02] {rambler} sounds like a plan....
[12:03] {dino} avav sm l .51
[12:26] {dino}  that cyh sucks, takes me out at .09 and runs, three rinses today
[12:30] {davd}  Iceland's penis museum finally gets human specimen
[12:31] {Threei}  and a spray?
[12:31] {RonS} hard one to follow?
[12:32] {davd} stiff competition?
[12:35] {dino} ballsy move
[12:35] {RonS} lol
[12:35] {patience} limp conversation
[12:35] {nemo} don't quit your day jobs folks
[12:35] {dino} lol
[12:36] {jfjf64} 3i   dtop  mon
[12:36] {jfjf64} missed
[12:36] {jfjf64} grrrrrrrr
[12:36] {Threei}  yeah, .70 looked better as entry
[12:36] {Threei}  see if can get it on a bounce
[12:37] {Threei}  .85 stop
[12:38] {jfjf64} in .72
[12:38] {Threei}  from here, .70 breakdown
[12:38] {Threei}  or that
[12:38] {Threei}  stop is the same in either case
[12:40] {nemo} fingernail stock
[12:40] {jfjf64} lol
[12:41] {jfjf64} lot shares .85
[12:41] {jfjf64} i hope
[12:41] {jfjf64} lol
[12:45] {jfjf64} no go
[12:45] {RonS} snagged slw .13 to .26...good idea & thanks rambler
[12:46] {rambler} yw
[12:47] {Threei}  Ron... isn't it highly satisfying when a guy who came in the room less than 2 months ago, knowing nothing of our approach at the moment, is able to point out the play? :)
[12:47] {rambler} out SLW   +.25
[12:47] {Threei}  I for one feel very good about that
06[12:47] * Threei slaps rambler around a bit with a large roll of cash
[12:48] {rambler} get lucky once in a while...
[12:48] {dino} dino just slaps him
[12:48] {Threei}  whatever... dino is lucky day in day out for years
[12:48] {nemo} yeah, that's dino's line
[12:48] {Threei}  whatever works :)
[12:48] {dino} just bustin', he knows that, gj rambler
[12:48] {Threei}  oh, and rambler
[12:49] {rambler} thanks...
[12:49] {Threei}  don't even think of replacing "just lucky" line with "broken clock" one - nemo patented it
[12:49] {RonS} out rvbd .18  +.38
[12:49] {dino} gj
[12:49] {Threei}  you'll have to come up with your own
[12:49] {RonS} tks
[12:50] {Threei}  dart board is not taken, afaik... neither is 8-ball
[12:50] {Threei}  or tea leaves
[12:50] {dino} coin toss
[12:50] {Threei}  dice roll
[12:51] {Threei}  but I have dibs on "chicken entrails"
[12:51] {rambler} coin toss works....50/50
[12:52] {rambler} check out INVE   .....
[12:52] {dino} google contract
[12:53] {rambler} must be a good one.....
[12:54] {dino} tdsc break of .50 sm l
[12:57] {RonS} hearing slw ceo going on fast money cnbc...wonder which one...
[12:57] {patience} new one i would assume
[12:58] {Threei}  ese... look at AONE
[12:58] {Threei}  remember we were wondering about their CEO at the first day of their IPO
[12:59] {Threei}  I guess we spotted the problem right there
[12:59] {Threei}  for those who don't remember:
[12:59] {nemo} oh yeah
[12:59] {Threei}  guy came out on a FIRST day of IPO to say: we plan issuing more shares to raise capital
[13:00] {RonS} was his name Stoopid?
[13:00] {Threei}  opened around 20 is I remember correct
[13:00] {Threei}  that was last name... first was Seely or something like that
[13:01] {Threei}  to be fair, I don't have much faith in the whole industry
[13:01] {Threei}  but surely his approach couldn't help
[13:02] {ese} ya i remember that vad......the day after the IPO he starts shooting his mouth off about diluting the shs of the company...........smooooooth.....real amooth
[13:02] {RonS}  ACiG Technology, a supplier and distributor of RFID products and a business unit of Identive Group (INVE), announced that is has been selected as the exclusive supplier of near field communication RFID stickers for the roll out of Google's marketing campaign for Google Places in Austin, Texas.
[13:03] {Threei}  well... his parents are at fault obviously... Seely Stoopid, what did you expect
[13:05] {rambler} scalped INVE for .22...keeps going
[13:10] {Threei}  somewhat quirky line on TV
[13:10] {Threei}  Mubarak in hospital - underwent gallbludder surgery last year
[13:11] {Threei}  and landed in hospital only now??
[13:11] {RonS} something left behind?
[13:11] {Threei}  lol
[13:15] {RonS} x looking fugly
[13:16] {_furthers} i am here
[13:17] {_furthers} traded RIMM for 14 c profit
[13:17] {_furthers} long
[13:17] {RonS} otherwords, look no farther?
[13:17] {_furthers} RIMM trending up on the 1min.  bulled back to the 50 min
[13:29] {RonS} dino, check lft...
[13:29] {RonS} LFT
[13:31] {davd} jpm is green
[13:31] {RonS} jpm reports a.m.
[13:32] {davd} yes, look at loan growth and credit quality
[13:32] {rambler} back in INVE  scalp for .18
[13:33] {RonS} what dino said re that joint in iceland...
[13:35] {dino} hhc sm l .00
[13:35] {dino} looked earlier at lft, china issues
[13:36] {RonS} looked earlier hhc, thought he was dead
[13:36] {dino} lol
[13:41] {rambler} gotta run, thanks Vad, cya all.......
[13:42] {dino} cya
[13:42] {Threei}  take care rambler
[13:45] {ese} cya all.....just a busy week for me all around doing more watchin than tradin
[13:45] {Threei}  see you ese
[13:45] {dino} cya
[13:46] {nemo} C&H slw?
[13:47] {nemo} yep
[13:48] {dino} out hhc .37, +.37
[13:48] {RonS} x too?
[13:48] {dino} 07 all green
[13:54] {Threei}  (US) White House: President Obama will take a "balanced approach" in budget speech on Wednesday - answer to a question whether taxes will be addressed in speech
[13:55] {RonS} just has an involuntary pucker...
[13:58] {RonS} index futes above vwap
[13:58] {nemo} iwm over .50 probably runs to at least .65 perhaps .75
[14:01] {dino} ron, lft now getting interesting imo
[14:01] {patience} pulling a profit out of the market today is like work
[14:02] {dino} i hear ya patience, rinses
[14:02] {patience} up a grand total of $196, but it is a profit   :)
[14:03] {patience} going to mexico, needs some spending money
[14:03] {RonS} hearing LFT changing name to Nobottom...
[14:04] {dino} lol
[14:04] {dino} have fun patience, be careful in mexico
[14:09] {nemo} spy and iwm broke channels
[14:09] {nemo} anybody for green today?
[14:09] {Threei}  no way
[14:09] {Threei}  beer bet?
[14:10] {Threei}  6 bottles of Innis&Gun on red
[14:13] {Threei}  hmmm
[14:13] {Threei}  no takers
[14:14] {dino} gut says close near lod
[14:15] {patience} i agree, feels like stocks are pinned to the lows
[14:16] {patience} at least the ones i trade
[14:16] {dino} ;)
[14:19] {Threei}  Monsanto Co Ticks lower on financial press report citing sources that say BASF not interested in Monsanto- REMINDER: earlier there were rumors circulating again BASF was eyeing MON
[14:25] {davd} financials green
[14:35] {Threei}  Senate Minority Leader McConnell (R-KY): Democrats will need to provide important, measurable concessions in order to for Republicans to vote in favor of raising US debt limit
[14:35] {Threei}  - Believes it is about time for the White House to addresss entitlement spending.
[14:41] {RonS} doing the Fred Sanford?:  Former Egyptian President Hosni Mubarak Reportedly Suffers Heart Attack During Questioning.
[14:44] {nemo} FAST
[14:45] {dino} fast odd, beats and raises guid.
[14:46] {gregns}    for those that are on mirc, do you pay for it after the trial period ?    
[14:46] {nemo} no, got your credit card and used that
[14:47] {dino} fast gap at 64
[14:47] {gregns} huh , nemo?
[14:47] {nemo} what is it $10 or $20?
[14:47] {nemo} busting greg
[14:47] {Threei}  greg, you don't have to
[14:47] {Threei}  it will just nag you every time you open it
[14:47] {gregns} hey you better watch it, nemo
[14:47] {Threei}  but otyher than that, everything will work
[14:48] {nemo} and if you can put up with your wife
[14:48] {gregns} ok, vad , thanks for the straight answer
[14:48] {RonS} lol
[14:48] {nemo} then I paid for it for nothing...oy vay
[14:48] {RonS} me too ...vay oy
[14:49] {nemo} FAST coming into day's lows
[14:49] {RonS} slowly
[14:50] {RonS} dange of getting rinsed...they sell washers you know...
[14:50] {dino} lol
[14:50] {nemo} ese....rim shot
[14:52] {dino} fast sm l .22
[14:54] {RonS} 36 p/e for a seller of hardware?  sheesh
[14:56] {dino} tyc spike
[14:58] {RonS} Talk from the City: Schneider Electric rumoured to have made $30bn takeover approach for Tyco
[14:58] {RonS} ...from UK Telegraph
[14:59] {davd} in fast .25
[15:07] {dino} well, its sure not a fast mover
[15:07] {nemo} not much moving right now
[15:07] {davd} at this rate we might get the 28c dividend
[15:08] {dino} lol
[15:08] {davd} stop laughing just moved!
[15:13] {Threei} Short Setup: SLW  .50 break
[15:14] {davd} stopped fast .16
[15:14] {dino} its a dog
[15:14] {davd} sorry still in
[15:14] {davd} but my stop is .16
[15:14] {nemo} LOD is .12
[15:15] {RonS} tyc says it will sell at $65
[15:15] {davd} moved fast stop to lod
[15:16] {davd} still in fast
[15:17] {dino} y
[15:17] {dino} tyc hod again
[15:18] {RonS} avl ree moving
[15:20] {dino} fast stop -.12
[15:21] {jfjf64} in
[15:21] {nemo} in what
[15:21] {Threei}  not a scalp
[15:21] {Threei}  should be good for more
[15:21] {davd} stopped fast -.12
[15:22] {jfjf64} you driving
[15:22] {Threei}  1;1
[15:24] {jfjf64} you bring stop to b/e or leave .60
[15:24] {Threei}  .52
[15:25] {RonS} vhc blood
[15:25] {Threei}  don't want to give it all back if market snaps back up
[15:28] {Threei}  1:2
[15:29] {Threei}  stop to .45 for the balance
[15:29] {gregns} ty, on this i was not patient, darn
[15:32] {Threei}  1:3
[15:32] {Threei}  out
[15:33] {jfjf64} ty
[15:34] {dino} fast rinse, that makes 4 today
[15:34] {gregns} Vad, can you explain setup please? were you short biased because you thought market was going down
[15:34] {jfjf64} bounce time
[15:35] {dino} avav to .59
[15:35] {dino} back in ten or so
[15:38] {jfjf64} slw  /spy   like twins
[15:39] {Threei}  look at 1 min on SPY and SLW greg
[15:39] {Threei}  131.5 support
[15:39] {Threei}  and 42.5 support
[15:39] {Threei}  clean nice DBI setup
[15:39] {Threei}  SPY leads, SLW follows
[15:39] {Threei}  plus general negativce sentiment, I don't view it as worked out already
[15:40] {Threei}  so dive into eod is likely
[15:40] {gregns} ty
[15:41] {nemo} TYC short under 52?
[15:42] {Threei}  not sure
[15:42] {Threei}  smallish shares, maybe
[15:42] {nemo} yeah, quite the battle ground there, if it drops it, might not have a chance to get in
[15:44] {dino} avav stopped +.07
[15:47] {nemo} not giving up that level without a fight
[15:48] {RonS} the call volume in tyc is pretty astounding
[15:53] {Threei}  ok guys, very nice day today
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a great evening, see you tomorrow
[15:53] {jfjf64} enjoy  ty