Thursday, April 21, 2011

Apr 21 2011

Not big but positive day, with practically empty second half, as market fell in coma ahead of a long weekend. Not the easiest week but no losing days.

Session Time: Thu Apr 21 00:00:00 2011
[08:31] {Threei}  (US) INITIAL JOBLESS CLAIMS: 403K V 390KE; CONTINUING CLAIMS: 3.695M V 3.675M
[08:53] {Threei}  (PO) Portugal Min Pereira: Expects aid package to be approved by May 16th by all EU members
[08:59] {_strident1} $SLW got a couple of upgrades from Cannacord Genuity and RBC capitalhttp://mibpaste.com/0ggjgK
[09:00] {Threei}  yeah... looks like setting up for a crash of serious proportions
[09:05] {RonS} gm...wow, BIIB moonshot
[09:05] {Threei}  Ron :)
[09:06] {dino} gm all
[09:06] {Threei}  dino :)
[09:07] {dino} teva
[09:07] {dino} sina
[09:10] {rambler} morning...
[09:11] {Threei}  rambler :)
[09:12] {Threei}  RIMM's weak
[09:13] {ese} gm
[09:13] {RonS} probably due to aapl iphone sales report
[09:16] {Threei}  ese :)
[09:16] {Threei}  well, it may come as a surprize to you... but I am watching SLW and RIMM for short entries
[09:17] {RonS} ...i am shocked there is gambling in this establishment...
[09:17] {ese} lol
[09:17] {dino} tzoo spike
[09:18] {ese} whats the report with iphone sales have to say ron
[09:22] {RonS} something like they sold 6.3 mil units in the quarter
[09:24] {RonS} hey dino...took teva l at .00
[09:25] {gen} gm all
[09:25] {Threei}  gen :)
[09:25] {gen} :)
[09:27] {tomg} gm all
[09:28] {Threei}  tom :)
[09:28] {ese} L tzoo .03
[09:28] {ese} 1/2
[09:29] {ese} nice took it out .49
[09:29] {ese} +.46
[09:31] {RonS} out teva +.89
[09:31] {jfjf64} mornin all
[09:31] {Threei}  jf :)
[09:31] {Threei}  RIMM, watching for bounce to short
[09:32] {Threei}  SLW, if goes above .70, break down if stays under .80
[09:32] {Threei}  yeah right
[09:32] {Threei}  [09:00] {Threei} yeah... looks like setting up for a crash of serious proportions
[09:32] {Threei}  OK, RIMM
[09:34] {Threei} Short Setup: RIMM  .90 break
[09:34] {Threei}  half lot
[09:34] {Threei}  if stays under .05
[09:34] {Threei}  invalidated
[09:34] {Threei}  lookingh for another entry
[09:34] {ese} TZOO is nuts
[09:35] {Threei}  they are usually in the last place you look
[09:35] {ese} +18.00
[09:35] {Threei}  SLW, bounce time
[09:35] {Threei}  too fast
[09:36] {Threei} Short Setup: RIMM  54.10 break
[09:37] {Threei}  no go
[09:37] {jfjf64} snapin candles
[09:38] {rambler} LVS bounce time...?
[09:38] {Threei} Short Setup: X  .60 break
[09:39] {Threei}  late..
[09:39] {Threei}  ok, valid again
[09:39] {Threei}  stop above .70
[09:39] {dino} amgn sm l .00
[09:40] {rambler} can't short X....
[09:41] {nemo} sucks being you
[09:41] {rambler} no kidding....
[09:41] {nemo} have a nice weekend on the boat
[09:42] {rambler} you mean nice summer....
[09:42] {nemo} I don't plan that far ahead...it's a long weekend starting today
[09:43] {jfjf64} dieeeeeeeeeeeeeeeeeeeeeeeeeeeee
[09:43] {jfjf64} x
[09:44] {jfjf64} not ya nemo
[09:44] {dino} out amgn .30, +.30
[09:44] {ese} speaking of that.....are the mrkts open tomorrow and monday
[09:44] {Threei}  no go
[09:44] {nemo} not tomorrow ese
[09:45] {rambler} Vad, you see lenin gaining ground in quebec......?
[09:45] {dino} monday yes
[09:45] {dino} open
[09:45] {Threei}  yeah
[09:45] {rambler} good place for him......
[09:45] {Threei}  lol
[09:45] {nemo} to frickin' close to me
[09:45] {nemo} too
[09:45] {rambler} you can have him....
[09:45] {Threei} Short Setup: SLW  .70 break
[09:46] {Threei}  X rinse
[09:46] {dino} panl sm s .10
[09:46] {jfjf64} oh boy
[09:47] {Threei}  SLW, change to .75
[09:47] {Threei}  aggressive
[09:47] {Threei}  to .80, if stays under .90
[09:48] {jfjf64} ya sound angry
[09:48] {jfjf64} lol
[09:48] {Threei}  hmm?
[09:48] {Threei}  just tracking entry
[09:48] {Threei}  invalidated
[09:49] {Threei}  JP) Another 6.3 magnitude earthquake hits main island of Honshu
[09:49] {Threei}  oh boy
[09:49] {dino} stop panl -.32
[09:49] {jfjf64} .80 slw
[09:49] {Threei} Short Setup: SLW  .85
[09:49] {dino} .22
[09:49] {Threei}  if stays under .95
[09:49] {jfjf64} k
[09:50] {Threei}  target .50
[09:50] {nemo} I tried to hit .88
[09:50] {Threei}  1:1
[09:51] {Threei}  stop .91
[09:51] {Threei}  X, that was so wrong of you
[09:52] {jfjf64} grrrrrrrrrrrrrrrrrrr
[09:53] {Threei}  scalpers win
[09:54] {Threei} Short Setup: RIMM  54 break
[09:54] {Threei}  stop above .10
[09:55] {dino} teva sm l .00
[09:55] {Threei}  1:1
[09:55] {Threei}  1:2
[09:55] {nemo} Philly Fed 6 min
[09:56] {Threei}  SLW... can I have second half back?
[09:56] {Threei}  and whole X? are there any mulligans?
[09:56] {rambler} I thought it might do that....
[09:56] {Threei}  SLW hits original target now, lol
[09:59] {Threei} Short Setup: FCX  .20 break
[10:00] {Threei}  stop above .30
[10:00] {nemo} philly fed 1 min
[10:00] {Threei}  1:1
[10:01] {Threei}  *(US) APR PHILADELPHIA FED:18.5 V 36.8E
[10:01] {nemo} bad number
[10:01] {Threei}  bad??
[10:01] {Threei}  this redefines bad
[10:01] {Threei}  *(US) FEB HOUSE PRICE INDEX M/M: -1.6% V -0.3%E
[10:01] {nemo} in tza .05
[10:02] {nemo} 1/2 out .16
[10:02] {Threei}  1:2
[10:02] {nemo} 1/4 more .26
[10:03] {jfjf64} slw
[10:03] {Threei}  1:3
[10:03] {nemo} stop BE
[10:03] {nemo} offer .26 tza, if it breaks get in
[10:04] {Threei} Long Setup:  SLW  .20 break
[10:05] {Threei}  if holding .10 from now on
[10:05] {Threei}  invalidated
[10:05] {dino} panl break ,75 sm s
[10:05] {dino} ok bstop .02
[10:07] {dino} to .45
[10:07] {dino} cov +.30
[10:08] {Threei}  SLW valid again but with twist - pullback under .20
[10:08] {Threei}  if doesn't pull back, just let it go
[10:09] {dino} cake sm l .15
[10:12] {ese} Lwbc .39
[10:13] {Threei} Short Setup: FC  .20 break
[10:13] {Threei}  if stays under .30
[10:13] {jfjf64} fc
[10:13] {Threei}  FCX
[10:14] {jfjf64} ahh
[10:14] {Threei}  two sided setup
[10:14] {Threei}  .30 break long
[10:15] {Threei}  no go
[10:15] {Threei}  SLW
[10:15] {Threei}  pulling back
[10:15] {nemo} that's a whipsaw
[10:15] {dino} teva to .98
[10:15] {ese} stopped wbc ,26 -,23
[10:16] {nemo} magoo3x?
[10:16] {Threei}  SLW, as planned
[10:16] {Threei}  .20 break long
[10:17] {Threei}  target .60
06[10:20] * Threei kicks SLW in the rear
[10:20] {Threei}  1:1
[10:21] {dino} amgn sm l .50
[10:21] {Threei}  1:2
[10:21] {Threei}  wow
[10:21] {Threei}  "idiotic tax cuts"
[10:22] {Threei}  stronng language for harvard professor
[10:22] {Threei}  stop b/e for the balance SLW
[10:22] {nemo} seller .50 amgn
[10:23] {rambler} what an A hole....
[10:25] {ese} L pcx.57
[10:26] {Threei}  done with last piece of SLW
[10:27] {rambler} almost 2:1 on that SLW trade Vad...ty
[10:28] {nemo} market should start dying out soon
[10:28] {Threei}  yw
[10:29] {rambler} SLW back to 42...
[10:30] {Threei}  not liking it for bounce this time
[10:31] {nemo} lower highs on SW
[10:32] {Threei}  yeah, I'd razther watch for consolidation and breakdown
[10:32] {Threei} Short Setup: SLW  42 break
[10:32] {nemo} market likely to consolidate and die
[10:32] {rambler} SPY bounce.....
[10:33] {dino} ctrp sm l .99
[10:33] {jfjf64} biib    dttop    die
[10:33] {jfjf64} ??
[10:33] {Threei}  can't tell BIIB
[10:33] {ese} pcx stop to break even ,57
[10:35] {dino} cake stop -.06
[10:36] {ese} out 1/2 .80 +.;23
[10:37] {nemo} damn missed
[10:37] {Threei}  1:1
[10:38] {Threei}  day becomes much brighter
[10:39] {Threei}  1:2
[10:40] {rambler} out SLW   almost 2:1  ...again.......
[10:41] {Threei}  :)
[10:41] {ese} nice one rambler
[10:42] {rambler} SLW has been good this morning...
[10:43] {ese} am gonna start calling you vad junior
[10:44] {rambler} long SLW 42.02
[10:44] {RonS} qcom looking short 3i?
[10:44] {dino} wtf cake
[10:44] {Threei}  only after bounce, IMO
[10:44] {Threei}  closer to 57
[10:46] {rambler} out SLW +.16
[10:46] {dino} tyc sm l .15 stop .98
[10:48] {rambler} I'm liking this scalping thing...
[10:48] {nemo} it's great when YOU'RE the indian
[10:48] {rambler} lol...
[10:48] {dino} out ctrp .30, +.31
[10:48] {ese} you in that or out fo cake dino
[10:49] {ese} of
[10:50] {dino} stopped -.06, then it ran ,45
[10:50] {ese} ya those are always a wtf
[10:50] {dino} indeed
[10:51] {patience} fcx seems happy today
[10:53] {rambler} here we are again....
[10:55] {dino} tyc to flat
[10:55] {ese} am working on a vad classic here.......pcx performing to perfection
[10:56] {ese} sell 1/2 for profit....let the other 1/2 run forever
[10:57] {dino} thinny, sm l msb .00
[10:57] {ese} retire tomorrow
[10:57] {rambler} what a bounce....
[10:57] {dino} gj es
[10:58] {ese} balance to .70
[10:58] {ese} tks
[10:59] {Threei}  SLW from under .20 again
[11:00] {Threei}  speaking of classics, everyone looked at yesterday's catch of the day?
[11:00] {RonS} yes
[11:00] {rambler} no but will
[11:00] {Threei}  you better
[11:00] {Threei}  tomorrow no one gets in the room without test
[11:01] {nemo} you mean the short with the rise into resistance with a 1:4 result?
[11:01] {dino} amgn stop -.27
[11:01] {Threei}  OK,,, you passed
[11:01] {nemo} never saw it
[11:01] {Threei}  thought so
[11:02] {Threei}  even more impressive then
[11:04] {rambler} don't think SLW coming back....
[11:05] {Threei}  .21 was it
[11:05] {Threei}  oh well
[11:05] {rambler} maybe later...
[11:06] {rambler} tell me the train story....
[11:07] {rambler} maybe sooner...
[11:07] {ese} now that was funny nemo
[11:08] {dino} amgn sm l .00
[11:08] {nemo} ;)
[11:12] {dino} tyc stop flat
[11:12] {dino} amgn stop -.27
[11:13] {nemo} 53.50 then 53.20 support dino
[11:14] {rambler} CREE close to DB....
[11:14] {dino} thx
[11:14] {Threei}  what do tou know
[11:14] {Threei}  SLW worked like charm
[11:14] {Threei}  again
[11:18] {rambler} whats your read on CREE Vad....?
[11:19] {Threei}  short... but I don't have good setup here
[11:21] {nemo} amgn bounced at .50
[11:24] {dino} amgn rinse
[11:25] {dino} last try sm l .00
[11:25] {nemo} market going to sleep for the weekend
[11:27] {Threei}  well, long weekend... not many want to carry big positions
[11:31] {dino} avav l .50
[11:39] {ese} am tellin ya........the Vadym graifer method of retiring early.....ya can't beat it...out PCX .10 +.53
[11:40] {rambler} nice one ese....
[11:41] {ese} tks
[11:42] {dino} wtg
[11:48] {dino} pos amgn off screen
[11:50] {RonS} whoda thunk that announcing a divvy would get you smacked
[11:50] {nemo} there you go, thinking again
[11:50] {dino} not i ron, not i
[11:50] {RonS} who, me?
[11:51] {nemo} no, your smart twin...
[11:51] {RonS} when i became disciple of 3i I stopped...
[11:52] {Threei}  my work on this planet is about done
[11:53] {Threei}  the culture of not thinking penetrates the skulls of formerly brain-active people
[11:53] {dino} teva stop -.02
[11:53] {rambler} POT drops...
[11:54] {nemo} I was hoping it got a bit higher, I wanted to short it
[11:54] {rambler} too slow...
[11:54] {rambler} I wasted time thinking....
[11:59] {dino} tyc l .25
[11:59] {Threei}  not only that rmabler,
[12:00] {Threei}  but you also overloaded with work perfectly useless brain cells
[12:01] {rambler} it's a problem I'm trying to deal with....
[12:01] {Threei}  start your every day with reading this room topic
[12:01] {ese} gotta go all....have a show in an hour and a 1/2....cya monday
[12:02] {Threei}  take care ese, have a great long weekend
[12:02] {RonS} cya ese
[12:02] {dino} cya es
[12:02] {rambler} cya ese...
[12:02] {ese} cya vad dino rambler
[12:02] {Threei}  then be on a lookout for any suspicious sign of brain activity
[12:02] {rambler} wow, REDF again today...
[12:02] {Threei}  there is eye spotting setups, and there is finger oushing buttow
[12:03] {Threei}  the rest is unneeded baggage
[12:03] {rambler} egzactly.....
[12:05] {dino} synt sm l .15
[12:08] {nemo} look where AMGN bounced
[12:09] {RonS} yep
[12:09] {RonS} or in swiss, yeap...
[12:11] {rambler} gotta run...great morning....thanks Vad....
[12:11] {rambler} cya all...
[12:12] {RonS} cya
[12:12] {Threei}  US Dollar v Russian Ruble (RU) Russia PM Putin has called for a summit to discuss the Rouble; volatility in the currency is causing discomfort-
[12:12] {Threei}  Reminder: on 4/20 Putin commented that he was aiming to make the ruble a regional reserve currency
[12:13] {Threei}  take care rambler
[12:13] {dino} cya rambler
[12:22] {Threei}  UBS FBI said to have taken four UBS operations workers into custody on Tuesday - press citing sources
[12:23] {Threei}  (US) US Attorney General Holder forms working group to examine fraud in energy markets- Focus will be on oil and gas prices.
[12:25] {RonS} amazing how often the US AG becomes the biggest criminal of their tenure
[12:25] {RonS} regardles of party
[12:26] {RonS} regardless
[12:26] {dino} never see investigation if oil dropping
[12:26] {dino} now if markets drop, you will see one
[12:28] {nemo} It's like the uptick rule, why don't we have a downtick rule
[12:29] {dino} politics
[12:30] {nemo} thanks Howard
[12:30] {dino} how about investigation into markets two year run up
[12:32] {dino} synt to .56
[12:33] {RonS} cyou 40.00 break long 3i, or too obvious?
[12:33] {jfjf64} im here
[12:33] {RonS} prob don't like the spread...
[12:33] {Threei}  yeah, a bit too thin
[12:34] {RonS} or the volume
[12:34] {Threei}  stop would have to be, ugh
[12:34] {RonS} or that it is not cya instead of cyou
[12:38] {nemo} feeding time in the nest
[12:41] {dino} out synt .56 ave, +.41
[12:42] {dino} tyc to.36
[12:45] {dino} out tyc +.11
[12:47] {Threei}  (JP) Magnitude 5.6 earthquake strikes off the coast of Honshu, Japan
[12:47] {Threei}  what the deuce
[12:47] {nemo} is that the second one today
[12:47] {Threei}  yes
[12:47] {Threei}  6.3 first
[12:48] {patience} nice pop in slw and gg
[12:50] {dino} godzilla awakens
[12:50] {nemo} which one was the turtle?
[12:51] {dino} dk
[12:51] {dino} hni l .11
[13:08] {Threei}  Blackrock Chief Investment Officer Rieder: May consider buying US treasuries if yields rise; not a guarantee that rates will go up following the Fed's purchase program end in June
[13:08] {Threei}  - Notes that the S&P outlook adjustment served as a wake up call, and Treasury will benefit as deficit plans come to the forefront that are credible
[13:08] {Threei}  - Forecasts 10 year yields in 2011 at 3.25-3.75%
[13:16] {dino} teva l .03
[13:18] {dino} hni stopped -.15
[13:19] {nemo} damn, looked one minute too late on BIIB
[13:38] {Threei}  lol, why do I have CYOU on the screen still
[13:39] {Threei}  Ron, it's your fault
[13:41] {RonS} take out that 70k offer at .06 teva dino
[13:43] {RonS} gj
[13:44] {RonS} big hidden offer at .10
[13:45] {dino}  yes
[13:46] {RonS} wow, showing 300k offer at .14
[13:49] {dino} a lot of sellers
[13:49] {RonS} no kidding, woulda thought the big guys would get 'er done and split for the weekend by now
[13:51] {RonS} oil futes tapping 112
[13:55] {RonS} slv hod
[13:57] {RonS} oil blasted through 112...now 112.25
[14:02] {dino} synt sm l .25
[14:10] {RonS} teva just issued statement...too long to post but says studies cannot be compared
[14:13] {dino} thx, see it
[14:13] {RonS} seems no offers being cancelled
[14:42] {Threei} Short Setup: SLW  .20 break
[14:57] {Threei}  market in total coma
[15:02] {dino}  yeah
[15:02] {davd} yes
[15:04] {RonS} pullin the plug early here...everyone have a nice weekend
[15:04] {Threei}  take care ron, have a great one
[15:06] {dino} take care ron
[15:07] {Threei}  a bit late dino... ron will read it on Monday
[15:10] {dino} lol
[15:28] {dino} out ava .56, +.06
[15:28] {dino} calloing it a week, take care all, happy easter
[15:29] {nemo} me too c u all Monday
[15:29] {dino} :)
[15:29] {Threei}  ok guys, let's al;l have a gerat long weekend
[15:29] {davd} thanks all of you too!
[15:29] {Threei}  see you all on Monday, rested and ready to kick some butt