Tuesday, April 26, 2011

Apr 26 2011

One of those "can do no wrong" days - 100% success rate, every trade worked like charm.

Session Time: Tue Apr 26 00:00:00 2011
[08:44] {Threei}  someone get me over Friday already - I can't stand this "royal wedding" coverage everywhere
[08:44] {nemo} maybe she'll have a car accident in a tunnel
[08:44] {Threei}  janitor frowns
[08:44] {nemo} record for me...first comment
[08:44] {Threei}  lol
[08:45] {Threei}  moving up in the world, aren't you {G}
[08:45] {nemo} which is going to the gutter for the most
[09:00] {Threei}  *(US) FEB S&P/CASESHILLER 20 CITY M/M: -0.18% V -0.4%E; Y/Y: -3.33% V -3.3%E
[09:01] {nemo} http://ftalphaville.ft.com/blog/2011/04/26/553231/grantham-comes-face-to-face-with-a-paradigm-shift/
[09:03] {Threei}  looks wrong to me
[09:04] {nemo} why
[09:04] {Threei}  he attributes rise in price to population growth
[09:04] {nemo} not exactly, the industrialization of those populations
[09:04] {Threei}  and demand growth coming from it
[09:04] {Threei}  yes
[09:05] {Threei}  real picture though should include printing of fiat currencies, particularly USD
[09:05] {Threei}  good article to see what's coming next for the markets when Fed finally runs out of gas: http://tiny.cc/0pk73
[09:05] {nemo} His comment about the Hydrocarbon revolution has always been my thesis
[09:05] {Threei}  incidentally, this same article shows the real reason for these sklyrocketing prices
[09:06] {Threei}  maybe it's a perfect storm,
[09:06] {Threei}  and his thesis just coincides with Ben's destruction, multiplying the effect
[09:06] {Threei}  this I can ceoncede
[09:06] {Threei}  concede
[09:07] {Threei}  but without taking helicopter ben into consideration, this "supply and demand" theory is seriously incomplete wen it comesto comodities and currency
[09:07] {nemo} yes...Before the last century heat was produced through burning of wood or coal primarily...Oil was the most energy efficient and transportable form of energy in history
[09:09] {nemo} Economic logistics have been built around the cheap energy paradigm
[09:09] {nemo} the spigot isn't getting bigger, and demand from China and India is rising pretty significantly
[09:09] {nemo} More cars were sold in China last year than the US
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:13] {larisa} vad :)
[09:16] {Threei}  dino forgot his name
[09:20] {RonS} gm everyone
[09:20] {Threei}  ron :)
[09:21] {RonS} usat news compelling...finding entry tough
[09:23] {Threei}  (US) US Treasury Sec Geithner: Strong dollar is in US interest
[09:23] {Threei}  - US will never engage in a strategy to drive the USD lower for trade advantage
[09:23] {Threei}  - Confident that the Fed will manage inflation effectively
[09:23] {Threei}  - Can give Congress until end of June on the debt limit; Congress will pass the debt limit increase
[09:23] {Threei}  - US confidence must be earned
[09:23] {Threei}  **Reminder: ECB Trichet commented earlier today that he shares US view that a strong USD is in its best interest.
[09:23] {RonS} blather
[09:24] {ese} morning
[09:24] {dino} gm all
[09:24] {ese} dino
[09:24] {RonS} so exactly how is he changing Ben?
[09:25] {Threei}  ese, dino :)
[09:25] {Threei}  who?
[09:25] {RonS} old line industrial earning surprising...itw mmm tkr
[09:25] {RonS} Geitner
[09:26] {rambler} morning....
[09:27] {Threei}  rambler :)
[09:28] {dino} ua odd
[09:29] {Threei}  watching REDF for pullback entry
[09:30] {Threei}  SLW for bounce short
[09:30] {Threei} Short Setup: SLW  40 break
[09:31] {Threei}  too fast eh
[09:31] {nemo} little late
[09:31] {Threei}  look at this cascade
[09:32] {Threei}  REDF jumped
[09:32] {Threei}  momo candidate
[09:33] {Threei}  if pulls back to about .60, watch for entry
[09:34] {Threei}  SLW
[09:34] {Threei}  bouncing into resistance
[09:35] {Threei} Short Setup: SLW  .90 break
[09:35] {Threei}  stop above 40
[09:35] {Threei}  1:1
[09:35] {Threei}  1:2
[09:36] {Threei}  REDF pullback should start now
[09:37] {Threei}  SLW 1:3 almost, out in full
[09:37] {jfjf64} ty slw
[09:37] {Threei}  {SLW} yw jf
[09:37] {Threei}  come on REDF
[09:37] {Threei}  drop into .60
[09:40] {Threei}  prepare half lot on REDF
[09:40] {Threei}  dive under .60, holding above .50 and recross is the idea
[09:42] {Threei}  (US) Moody's comments on US local, municipal govts: Sees Q1 rating changes indicating difficult year
[09:42] {Threei}  - With downgrades again outpacing upgrades in the first quarter of this year, 2011 is expected to be another challenging year across all major municipal sectors and the toughest year so far for US state and local governments since the beginning of the economic downturn in 2008
[09:42] {Threei}  SLW, next short entry should be into bounce above .60
[09:43] {Threei}  gmmm
[09:43] {Threei}  overstgretched a bit
[09:43] {Threei}  starting to think long for bounce
[09:44] {Threei}  (US) Preview: April Consumer Confidence due out at 10:00ET (14:00 GMT)**Consensus expectation: 64.5e v 63.4 prior
[09:44] {Threei}  (US) Preview: Apr Richmond Fed Manufacturing data expected at 10:00 ET**Consensus expectation: 20e v 20 prior
[09:45] {Threei} Long Setup:  SLW  .13
[09:45] {dino} ua pulp
[09:45] {Threei}  if holding 39 of course
[09:46] {Threei}  invalidated
[09:46] {Threei}  crap, REDF bounced of .61
[09:48] {ese} ya....looked away for 2seconds....missed it
[09:50] {dino} cymi sm l .00
[09:51] {Threei} Short Setup: SLW  .40 break
[09:52] {Threei}  1:1
[09:53] {Threei}  ese, play for you: watch NVDA for pullback entry, desirably under 19
[09:53] {Threei}  almost 1:2 SLW, out
[09:54] {davd} s intc .15
[09:54] {gregns} got slw all 4 times, ty
[09:54] {Threei}  wow greg
[09:54] {Threei}  beautiful scaping footwork
[09:55] {gregns} not the best entry on the open but still got .25
[09:55] {gregns} ty
[09:55] {Threei}  wtg
[09:56] {Threei}  morning that pays twice the monthly room bill, lol
[09:56] {Threei}  SLW over 1:3... without me
[09:56] {Threei}  but long entry is coming around here
[09:56] {Threei}  double bottom
[09:56] {Threei} Long Setup:  SLW  39 break
[09:57] {Threei}  fast
[09:57] {Threei}  second chance
[09:57] {Threei}  stop under day low
[09:58] {Natali} gm all :)
[09:58] {jfjf64} .03
[09:58] {Threei}  natali :)
[09:58] {jfjf64} in
[09:58] {Threei}  keep stop as if your life depended on it
[09:58] {Threei}  1:1
[09:58] {Threei}  this kind of plays if doesn't work can kill you
[09:58] {Threei}  kill you dead
[09:59] {ese} great daily with nvda as well vad
[09:59] {Threei}  yeah
[09:59] {Threei}  1:2
06[09:59] * Threei slaps jfjf64 around a bit with a large roll of cash
[09:59] {Threei}  (VZ) Venezeula publishes windfall tax law: To charge 20% on price between price between $70/barrel and budget
[10:00] {jfjf64} ty ty
[10:00] {jfjf64} like cashhhhhhhhhhhhhhhhhhhhh
[10:00] {Threei}  who doesn't
[10:00] {Threei}  *(US) APR CONSUMER CONFIDENCE: 65.4 V 64.5E
[10:00] {jfjf64} lol
[10:00] {Threei}  1:3
[10:00] {Threei}  my a$$ is out
[10:01] {Threei}  SLW is true to the form, real ATM
[10:01] {gregns} well 5 for 5 on SLW, 5500 shares,  so I am all green and going to go before I give it back
[10:02] {gregns} have a nice day all
[10:02] {Threei}  wait!
06[10:02] * Threei slaps gregns around a bit with a large roll of cash
[10:02] {jfjf64} hsy  news
[10:02] {Threei}  now go
[10:02] {jfjf64} ??
[10:02] {Threei}  earnings jf
[10:02] {Threei}  07:00:38Hershey Foods Corp Reports Q1 $0.72 v $0.70e, R $1.56B v $1.5Be- Reiterates FY11 EPS guidance at top of 6-8% range and Rev at the top of the 3-5% range as given on Feb 2nd - Q1 gross margin: 41.9% v 41.8% q/q
[10:03] {jfjf64} ty
[10:03] {ese} Lnvda .98
[10:03] {RonS} greg acts like he's at the dice table...lol
[10:04] {gregns} don't even talk about craps, Rons
[10:04] {Threei}  lol
[10:05] {ese} gregns ....man after my own heart
[10:05] {gregns}  only game that I like
[10:05] {jfjf64} me too  greg
[10:05] {jfjf64} we sd all meet in vegas
[10:06] {Threei}  I am all for it
[10:06] {Threei}  love the lights
[10:06] {gregns} it's funny that several of us like craps, what is that saying?
[10:06] {jfjf64} set it up  3i
[10:06] {jfjf64} little seminar
[10:06] {Threei}  so far Whistler is next
[10:06] {jfjf64} lots of play
[10:06] {dino} ua sm l .00
[10:07] {jfjf64} wher is whistler
[10:07] {Threei}  was in Vegas last fall
[10:07] {Threei}  Canada, British Columbia, beautiful mountain resort
[10:08] {Threei}  I'll let you know details when everything is finalized
[10:08] {jfjf64} k
[10:08] {Threei}  no news for this market drop
[10:09] {patience} precious metals options expiry today
[10:10] {Threei}  well, SLW asks to be bought again, but less confidence this time around
[10:11] {Threei}  third test of lows... not my favorite
[10:11] {patience} i doubled up, need some coffee though
[10:14] {ese} L plcm .01 sm
[10:19] {dino} out ua .02, +1.02
[10:20] {Threei}  International Business Machines Corp *BOOSTS DIVIDEND
[10:21] {RonS} my mom gets a pay raise
[10:21] {RonS} got 2200 sh
[10:26] {patience} 15% increase in dividend
[10:27] {Threei}  you have 1:1 on NVDA, ese
[10:27] {ese} yup
[10:27] {Threei}  of course if you want to play it off daily, it doesn't matter
[10:28] {dino} vdsi sm l .56
[10:28] {Threei}  and if it breaks .50 - .60 zone and then 20, there is no ceiling to it
[10:28] {Threei}  but my scalping sould washes its hands here
[10:28] {ese} am 4k L vad
[10:29] {ese} out 1/2 .13
[10:29] {ese} balance to .10 tight
[10:29] {Threei}  :)
[10:29] {ese} tks by the way
[10:31] {ese} buggar stopped .10
[10:32] {ese} why that no good for nuttin son of a........i'll let you fill that in
[10:34] {ese} that one trade at .09 triggered it.........sheesh
[10:34] {ese} that  was to get me personally!!!!!!!.......i'm certain of it.........what a conspiracy!!!!!!!
[10:35] {Threei}  well, you are paranoid, of course... but it doesn't mean they are not after you
[10:35] {ese} lol
[10:36] {ese} stopped plcm .71 -.30
[10:36] {ese} so much for that 60 bucks as well
[10:42] {nemo} VRTX
[10:44] {RonS} sniped .63 on 1k vrtx...thanks nemo
[10:44] {nemo} what's the news?
[10:45] {Threei}  FDA
[10:45] {RonS} who cares...lol
[10:45] {Threei}  staff briefing
[10:52] {dino} ua, hate to see it miss and lower, wow
[10:54] {RonS} VRTX telaprevir cure rates for treatment naives increased to 79% from 75%, per the FDA analysis
[10:54] {nemo} what illness
[10:55] {RonS} FDA also agrees with response-guided (shortened) therapy for treatment naives and relapsers
[10:55] {RonS} hep c
[10:58] {dino} ua sm l .50
[11:00] {ese} L plcm .83
[11:03] {rambler} nice call on UA dino.....
[11:03] {dino} lucky
[11:03] {RonS} nice din0 got ua .55 to 1.30  +.75
[11:04] {RonS} dino ...sorry
[11:04] {dino} gj ron
[11:05] {ese} interesting company......what the heck is Under Armour anyway......defense?
[11:05] {dino} sports clothing
[11:05] {RonS} and now shoes, etc
[11:06] {RonS} has become a major brand behind nike
[11:06] {dino} yes, my kids luv it
[11:06] {dino} beat earnings and raised guidance, reaction is odd
[11:06] {ese} go figure
[11:07] {RonS} nemo should try their fur lined jock strap
[11:07] {nemo} The cold weather gear is good, just a little thin if you have a thin outer layer...the rest of the price is premium priced and isn't anything special
[11:07] {dino} out ua .74, +1.24
[11:07] {nemo} I use their stuff for hunting...sorry commando here
[11:07] {RonS} :D
[11:07] {RonS} commando...lol
[11:08] {RonS} who dreamt up that phrase
[11:08] {dino} out cymi .89, +.89
[11:08] {RonS} gj
[11:08] {dino} ty
[11:17] {RonS} vrtx reving up
[11:21] {Threei}  can you believe we missed REDF by couple cents?
[11:22] {Threei}  good 2 dollars ago
[11:22] {Threei}  sometimes I haste my discipline
[11:22] {Threei}  hate
[11:23] {dino} that too
[11:28] {dino} clh drop
[11:29] {RonS} Clean Harbors: Badger Daylighting Shrhldrs Vote Not To Approve Acquisition By Clean Harbor }CLH       04/26 09:23 AM
[11:30] {RonS} Transaction Fails to Receive Required Vote from Badger Shareholders and Option Holders, Despite Recommendation From Two Independent Corporate Governance Firms       04/26 09:22 AM
[11:38] {dino} ntes sm l .96
[11:40] {Threei} Short Setup: SLW  .30 break
[11:41] {Threei}  condition is too obvious to mention here, lest I insult your intelligence
[11:42] {RonS} lest is ok...les not so much...
[11:42] {Threei}  lol
[11:42] {Threei}  less no more
[11:42] {nemo} Les is not here
[11:43] {Threei}  if triggers and works, not a scalp
[11:44] {Threei}  should be capable of more
[11:44] {Threei}  hmmm
[11:45] {Threei}  torn bertween invalidation and taking aggressive entry
[11:46] {Threei}  Putin Says Coalition Has No Right to Kill Ghadafi
[11:46] {Threei}  that'll stop them
[11:46] {RonS} funny...i thought this guy was former kgb...
[11:47] {dino} putin getting nervous
[11:47] {rambler} a voice of reason in a violent world....
[11:47] {Threei}  it's consistent, ron... no one but kgb has right to kill
[11:47] {Threei}  rofl rambler
[11:47] {Threei}  good one
[11:49] {rambler} its a crazy world.....people I know are actually voting for layton.....
[11:49] {rambler} I mean lenin...
[11:49] {rambler} anything is possible....
[11:49] {Threei}  ok, in aggressively
[11:49] {Threei}  .45 stop
[11:50] {Threei}  tough read here but having had a great morning I am willing to chance it
[11:51] {Threei}  will cover first half in spike down after break
[11:52] {Threei}  here we go
[11:52] {Threei}  half out .26
[11:54] {Threei}  stop .41
[12:02] {Threei}  scalpers win
[12:18] {rambler} doing taxes....uuuggggghhhh....
[12:19] {Threei}  whose?
[12:19] {rambler} mine...
[12:20] {Threei}  huh? wait... you mean we are supposed to... oops
[12:20] {rambler} need to make a donation to Ottawa....
[12:20] {rambler} Quebec needs more money for their daycare program....
[12:20] {Threei}  I thought when I send them a chicken and rabbit with loaf of bread and bottle of red wine annually, I fulfill that...
[12:21] {rambler} the good old days...
[12:21] {Threei}  now I know why I never get any reciept back...
[12:32] {Threei} Short Setup: MON  67 break
[12:32] {Threei}  just a scalp most likely
[12:39] {Threei}  stop is .08
[12:39] {Threei}  somewhat unusdual
[12:41] {Threei}  feel free to take scalp as you see fit
[12:42] {Threei}  I don't expect anything earthshuttering from this one
[12:42] {Threei}  out .92
[12:42] {rambler} out, tks Vad .
[12:42] {Threei}  are we at 100% today?
[12:43] {rambler} 3 out 4 for me....
[12:43] {Threei}  yeah, no stops... cool beans
[12:44] {Threei}  wow MON
[12:45] {rambler} more than a scalp....
[12:45] {nemo} MCP
[12:48] {_magsab} paper trade 100%
[12:59] {Threei}  elder eagle chick started walking in the nest
[12:59] {Threei}  first time today
[13:00] {Threei}  the speed they grow...
[13:00] {Threei}  see it guys?
[13:04] {rambler} got it now....nice background noise
[13:05] {Threei}  it went back in the hole
[13:05] {rambler} SLW bounce time...?
[13:06] {Threei}  nah
[13:06] {Threei}  50/50
[13:06] {Threei}  can bounce, can drop more with equal odds
[13:08] {Threei}  sheesh MON
[13:08] {Threei}  can I have mulligan?
[13:08] {Threei}  whoever said it was just a scalp, deserves to be hooked through the upper lip and dragged through the streets by a truck
[13:10] {Threei}  the rumor swirl about what kind of tiara with kate be wearing
[13:10] {Threei}  is this world sane?
[13:10] {Threei}  who the f cares???
[13:10] {RonS} such a romantic...
[13:10] {Threei}  that I am
[13:11] {Threei}  here darling, put this handkerchief on your head, let's go get married
[13:11] {Threei}  no? fine. I'll marry someone else
[13:12] {Threei}  larisa, are you here?
[13:12] {RonS} she fainted
[13:12] {Threei}  say, do you care what kind of tiara kate will wear?
[13:15] {larisa} not really,  but normal woman sould :)
[13:15] {larisa} should
[13:15] {Threei}  thank you dear
[13:15] {Threei}  you restore my faith that there still are girls on this planet I can relate to
[13:16] {Threei}  even though they may not be normal
[13:16] {Threei}  neiither am I for that matter, lol
[13:30] {nemo} slv
[13:32] {Threei}  mama... 2 BILLION people are expected to watch the wedding
[13:32] {nemo} I won't be one of them
[13:32] {rambler} or I
[13:33] {Threei}  it's 1/3 of the olanet population, and if you subract those without tv, much more
[13:33] {Threei}  I want another planet...
[13:34] {RonS} not to bum you out...but, this one could be the best there is...
[13:34] {Threei}  oh boy
[13:35] {Threei}  planet with Ben is one of the best...
[13:35] {Threei}  {--- crying in the corner
[13:36] {RonS} so...who invented depression...the germans or the russians
[13:36] {RonS} ?
[13:36] {Threei}  depression as economic phenomenon or as blue mood?
[13:36] {RonS} i guess shakepeare would sau the danes
[13:36] {RonS} say
[13:37] {RonS} shakespeare
[13:37] {Threei}  couldn't be russians, vodka prevents depression alright
[13:37] {RonS} i vote the germans...that's why they can be so goddamed mean
[13:38] {RonS} and i am half german so i know
06[13:41] * Threei mentaly labels Ron as Meanie from now on
06[13:41] * Threei rereads Ron's remark and changes label to Half-Meanie
[13:42] {RonS} was in a work group once where they nicknamed me "the prince of darkness"
[13:42] {Threei}  Living in the Shadows?
[13:42] {RonS} living in people's faces popping their fantasies
06[13:42] * Threei wears garland of garlic and keeps wooden stake handy when Ron is around
[13:43] {rambler} SLW short .22
[13:49] {rambler} no go SLW.....
[13:53] {rambler} crap....
[13:57] {dino}  .
[13:57] {Threei}  piece of idiocy from high above:
[13:57] {Threei}  White House Econ Advisor affirms growth will continue moderately despite higher oil prices
[13:57] {Threei}  - Reiterates that the Govt could tap the strategic oil reserve (SPR) if supplies are disrupted
[13:58] {Threei}  I have a question... what mortak sins did US commit to deserve this kind of governing?
[13:58] {RonS} goolsby?...pinhead...
[13:59] {Threei}  it's like you must be an idiot to get in the highest circles
[13:59] {Threei}  test for stupidity and hypocrisy is mandatory
[13:59] {RonS} drink the koolaid 3i...and everything will turn out...
[14:00] {Threei}  I know, I just run out
[14:00] {Threei}  I'll be OK tomorrow after trip to the store to replenish
[14:00] {dino} thats vecause idiots elect them. back to my "dumbing down of america"
[14:01] {Threei}  you mean we are squeezed by idiots from bith sides?
[14:01] {dino} used to be get educated try harder, etc. now its "feel bad for them, its not their fault"
[14:01] {rambler} too many living well but producing nothing.....
[14:01] {RonS} classic leftist indoctrination is all...
[14:03] {rambler} those that do produce taxed into extinction.....
[14:05] {dino} agree w/ron
[14:06] {dino} not only that, we are the evil ones
[14:06] {RonS} ...the Chinese coomunists had "education camps". US has "public education".
[14:06] {RonS} communists
[14:07] {rambler} gotta run, thanks all....
[14:07] {RonS} cya rambler
[14:08] {dino} cya
[14:11] {Threei}  take care rambler
[14:15] {dino} ua sm l .50
[14:22] {dino} ntes to .34
[14:23] {dino} ua stop is .21
[14:27] {Threei}  (JP) Domestic sales of new autos by Japan carmakers are down 60% y/y thus far in April at 71K vehicles - Nikkei News
[14:27] {Threei}  - Toyota sales are down 70% y/y (Prius down 80%)
[14:27] {Threei}  - Honda sales down 50% y/y
[14:27] {Threei}  - Nissan sales down 40% y/y
[14:41] {dino} stop ntes .36, +.40
[14:49] {Threei}  nice for a dead time
[14:50] {dino} lol, held it since about 11:00
[14:50] {dino} same w/vdsi, still holding
[14:50] {Threei}  and just how dead the etime is, you can see from the fact that it took me 8 minutes to read, come up with reaction and type it out
[14:52] {dino} stop to .86 vdsi
[14:53] {dino} stop, +.30
[15:02] {Threei} Long Setup:  X  50 break
[15:03] {nemo} cya
[15:03] {Threei}  late a little
[15:03] {Threei}  see if returns for entry
[15:03] {Threei}  yeah right
[15:03] {Threei}  this one got away
[15:07] {dino} cya nemo
[15:07] {nemo} that was about X taking off without us
[15:08] {Threei}  yeah... grrr
[15:09] {dino} oh, my bad
[15:26] {RonS} ua sm l .40
[15:29] {dino} nice
[15:30] {dino} calling it a day. thx all
[15:30] {RonS} cya dino
[15:30] {dino} :)
[15:31] {Threei}  take care dino
[15:38] {RonS} out ua 70.04  +.64
[15:40] {RonS} had my best day in well over a year
[15:40] {RonS} best part is that i am flat now
[15:41] {Threei}  congratulations Ron
[15:41] {Threei}  things do work out when you persevere eh?
[15:42] {RonS} been thinking that it may be testoterone...started lifting weights again after 40 years
[15:43] {RonS} guess i misspelled that but close enough
[15:44] {Threei}  we testosterone-fuelled ones don't need no stinkin' spelling
[15:44] {RonS} lol
[15:44] {Threei}  OK, don't want any more trades today really
[15:44] {Threei}  dead market
[15:44] {Threei}  no need to push
[15:45] {Threei}  thank you all, have a great evening
[15:45] {Threei}  see you tomorrow