Monday, May 2, 2011

May 02 2011

Positive start of the week although a few stops kept overall profits at the modest end.


Session Time: Mon May 02 00:00:00 2011
[08:57] {Threei}  (EU) ECB's Wellink: Concerned about the level of the EU bailout package for Greece, Ireland and Portugal
[08:57] {Threei}  - Spain will be able to resolve its budget problems
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:10] {_rizvisy1} gm everyone
[09:10] {Threei}  riz :)
[09:12] {rambler} morning all...
[09:12] {Threei}  rambler :)
[09:15] {ese} mornin
[09:15] {Threei}  ese :)
[09:15] {Threei}  SLW really taking a lot of water on board
[09:17] {RonS} buenos diaz por todos
[09:17] {Threei}  ron :)
[09:17] {nemo} even me Ron?
[09:17] {RonS} si'
[09:17] {ese} how are dare you call us todos..........we represent that remark
[09:17] {Threei}  rambler, look dcc pls
[09:18] {nemo} frickin musicians
[09:18] {ese} lol
[09:19] {larisa} gm :)
[09:19] {Threei}  larisa :)
[09:19] {larisa} vad :)
[09:20] {Threei}  so far .40 break shapes up as SLW short trigger - as much as premarket can be indicative
[09:28] {dino} hsic drop
[09:29] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:31] {Threei} Long Setup:  SLW  .90 break
[09:31] {Threei}  half lot
[09:32] {Threei}  stop under .70
[09:32] {Threei}  target 38.20
[09:32] {Threei}  half ourt
[09:32] {Threei}  .06
[09:32] {Threei}  stop to .85
[09:33] {Threei}  mistype, original stop under .80 of course, not that it matters
[09:34] {Threei} Short Setup: X  .50 break half lot
[09:34] {RonS} mdw halt
[09:34] {Threei}  out SLW in full
[09:34] {Threei}  target hit
[09:34] {jfjf64} nice ty
[09:34] {Threei}  yw
[09:34] {Threei}  X, if stays under .65
[09:35] {jfjf64} lvs
[09:35] {jfjf64} moving
[09:37] {Threei}  no go X
[09:38] {Threei} Long Setup:  FCX  .30 break half lot
[09:39] {Threei}  if stays above .15
[09:39] {Threei}  target .60 - .70
[09:41] {nemo} rimm died
[09:42] {Threei}  time to snap back, market
[09:44] {Threei}  half out FCX
[09:44] {Threei}  .46
[09:44] {Threei}  stop to .25
[09:45] {Threei}  FCX Weakness attributed to chatter that company is establishing measures to fight off a hostile takeover bid
[09:47] {RonS} fcx .28 to .56 tanks 3i
[09:47] {Threei}  :)
[09:47] {RonS} thanks
[09:48] {jfjf64} look slw
[09:48] {Threei}  FCX target hit, out .63
[09:49] {dino} mlnx sm l .23 ave
[09:49] {jfjf64} nice fcx
[09:50] {dino} tdsc sm l .60
[09:51] {jfjf64} cat
[09:52] {jfjf64} ouch
[09:52] {ese} L jrcc .51
[09:52] {dino} out tdsc .20, +.60
[09:53] {Threei}  crrrrp
[09:53] {Threei}  guess what alert I prepared
[09:53] {Threei}  and was late by 1 sec to hit
[09:53] {nemo} short slw
[09:53] {Threei} Short Setup: CAT  .20 break
[09:53] {ese} nice one dino
[09:53] {jfjf64} cat .20 break
[09:53] {Threei}  lol
[09:54] {Threei}  let's see if it forms ahosrt into bounce
[09:54] {dino} ty es, got out early
[09:54] {Threei}  good guess jf
[09:54] {jfjf64} guess
[09:55] {jfjf64} hurt my feelings
[09:55] {jfjf64} lol
[09:55] {Threei}  no, doesn't look right
[09:55] {Threei}  sorry
[09:55] {Threei}  didn't know you had any
[09:56] {Threei}  instead, let's see watch this range
[09:56] {Threei}  .35 support
[09:56] {jfjf64} i didnt  till missed play  friday   and  was  catch of  day
[09:56] {Threei}  oh
[09:56] {Threei}  that'll do it to you
[09:56] {jfjf64} lol
[09:57] {Threei}  nah, not sure about CAT
[09:57] {Threei}  may work, may not
[09:57] {jfjf64} slw
[09:57] {jfjf64} pullbk
[09:57] {Threei} Short Setup: SLW  .40 break
[09:57] {Threei}  wtah the
[09:57] {Threei}  late again
[09:58] {nemo} Mondays
[09:58] {Threei}  OK, valid
[09:58] {Threei}  stop above .50
[09:58] {Threei}  second chance entry
[09:58] {Threei}  target .15
[09:58] {jfjf64} missed
[09:59] {jfjf64} .30 valid
[09:59] {jfjf64} break
[09:59] {Threei}  why, it's close to trigger
[09:59] {Threei}  .37 - .38, you want it - why not take it
[09:59] {jfjf64} .33
[09:59] {Threei}  1;1
[10:00] {Threei}  stop .45
[10:00] {ese} ISM up
[10:00] {Threei}  *(US) APR ISM MANUFACTURING: 60.4 V 59.5E; ISM PRICES PAID: 85.5 V 83.0E
[10:00] {ese} 60.4 vs 59.5
[10:01] {Threei}  *(US) MAR CONSTRUCTION SPENDING M/M: 1.4% V 0.4%E
[10:01] {jfjf64} out
[10:02] {jfjf64} nice
[10:03] {Threei}  1:2
[10:03] {dino} mlnx stop
[10:03] {dino} -.26
[10:06] {Threei} Short Setup: RIMM  .20 break half lot
[10:07] {Threei}  correction.30 break
[10:07] {Threei}  aggressive'
[10:08] {Threei}  .36 stop
[10:08] {Threei}  ridculously tight
[10:09] {Threei}  adding second half
[10:09] {Threei}  with such stop can play full lot
[10:09] {ese} in .30
[10:09] {Threei}  ese couldn't resist such small risk :)
[10:10] {ese} indeed
[10:10] {Threei}  target is about .05
[10:10] {davd} some concern re israel imminent attack on iran.
[10:10] {Threei}  no go RIMM
[10:10] {Threei}  where is is davd?
[10:11] {ese} stopped -.06
[10:11] {Threei}  I don't see anything
[10:11] {davd} mentioned on tv.  just and fyi -
[10:11] {jfjf64} lvs
[10:11] {Threei}  got it, ty
[10:11] {jfjf64} dtop
[10:12] {jfjf64} ?
[10:13] {Threei}  not sure
[10:13] {ese} L some more jrcc avg .49
[10:20] {gregns} breakdown of .30 SLW ?
[10:20] {Threei}  I think so
[10:21] {Threei}  just want it to consolidate a little more to establish .40 as resistance
[10:25] {jfjf64} lvs
[10:25] {jfjf64} .10 break
[10:25] {Threei}  if stays under .20
[10:25] {Threei}  yes
[10:25] {jfjf64} yes
[10:26] {jfjf64} .18
[10:26] {jfjf64} ton shares
[10:27] {Threei}  rambler, look dcc please
[10:27] {rambler} o.k.
[10:28] {nemo} .18 leve lvs, it breaks it could be long
[10:28] {nemo} yep
[10:28] {jfjf64} yup
[10:29] {ese} wow.......really raining here vad/ rambler how bout were you are
[10:29] {ese} where
[10:29] {Threei}  light drizzle here
[10:29] {RonS} unheard of..
[10:29] {rambler} pouring here.....
[10:30] {ese} Soak Bay instead of Oak Bay
[10:30] {dino} tdsc sm l .78
[10:31] {rambler} found email Vad......
[10:33] {Threei}  Florida senate has approved legislation to restrict Obama's health care legislation
[10:33] {Threei}  (EU) EU's Juncker: Strong Euro is due to a weak USD, recent appreciation of the Euro is not yet a source of concern
[10:33] {Threei}  - Affirms details on Portugal support package to be released by the middle of this month
[10:33] {Threei}  - Reiterates that Greece debt restructuring is not an option
[10:33] {Threei}  no?
[10:33] {Threei}  so what do you do with Greece if there is no other way?
[10:34] {dino} mlnx sm l ave .95
[10:34] {Threei}  everyone had a look at catch of the day on Fri?
[10:34] {Threei}  classic textbook setup
[10:34] {Threei}  must know
[10:37] {dino} tdsc stop -.35
[10:37] {nemo} You mean that eod RIMM trade break of support?
[10:38] {jfjf64} how cd i forget
[10:38] {nemo} brain damage?
[10:39] {Threei}  I know where you are going with that nemo
[10:39] {nemo} that obvious, huh?
[10:40] {Threei}  well, after 3 or 4 time... :)
[10:40] {jfjf64} you doggin on me
[10:41] {Threei}  nemo is doggin indiscriminately, jf... anyone who is with striking distance :)
[10:41] {Threei}  within
[10:41] {jfjf64} watchin celg
[10:41] {jfjf64} short here
[10:42] {nemo} jf, if you're gonna stick your chin out like that, what do you expect me to do?
[10:46] {Threei}  SLW
[10:46] {Threei} Short Setup: SLW  .50 break
[10:46] {Threei}  if stays under .60
[10:47] {dino} vrx sm l .75
[10:48] {jfjf64} still valid
[10:48] {Threei}  still valid, SLW
[10:48] {jfjf64} k
[10:50] {Threei}  target .15
[10:50] {Threei}  3 partails
[10:50] {Threei}  1:1
[10:51] {Threei}  stop to .55
[10:52] {Threei}  there was better way to play it, had no time to explain it at the moment but will after the play is over
[10:52] {Threei}  1:2
[10:52] {Threei}  1/4 more out
[10:53] {Threei}  stop b/e
[10:53] {jfjf64} out
[10:53] {jfjf64} ty
[10:55] {Threei}  yw
[10:55] {rambler} leaving for Pr Rupert June 1, my scalping days are done...until Oct....
[10:56] {rambler} thanks Vad, learned lots....
[10:56] {rambler} have a great summer all.....
[10:56] {Threei}  is it me or there is a whole month strill till June 1?
[10:56] {jfjf64} be safe rambler
[10:56] {dino} take cares rambler
[10:56] {jfjf64} enjoy
[10:56] {Threei}  have a great time rambler :)
[10:57] {Threei}  done with last part SLW
[10:57] {rambler} gotta run, hauled boat on sat, lots to do....
[10:58] {dino} vrx stop -.29
[11:05] {dino} rinsed
[11:18] {nemo} ya know what is amazing about the Bin Laden operation..You had the Pakistani Military Academy 1000 yards away, and 3 regiments of the Pakistani military stationed in the area
[11:19] {Threei}  no kidding
[11:19] {ese} how many shs did you have of that dino
[11:19] {davd} that was his guard station, not a military academy
[11:19] {_rizvisy1} 3i any suggestions for NEM
[11:19] {nemo} Rick Santelli just said "Obama" Bin Laden
[11:20] {davd} its been going on all morning nemo - i've heard it 3 times on different stations
[11:20] {ese} idiot if he wasn't joking
[11:20] {Threei}  not really riz
[11:20] {_rizvisy1} k
[11:20] {davd} it does sound the same
[11:23] {dino} 400 es
[11:23] {ese} tks
[11:24] {Threei}  wow
[11:24] {Threei}  what the deuce
[11:25] {Threei}  (IA) Pentagon has denied a report from Iran claiming that Israel's warplanes are planning for a strike against the country
[11:25] {Threei}  - Iran claimed Israeli aircraft were moving to a US base in Iraq in preparation for an attack.
[11:25] {dino} rumors isreali aircraft at us base in iraq
[11:25] {dino} strike on iran thoughts
[11:26] {dino} pentagon denies
[11:26] {ese} more madness in the middle east
[11:26] {davd} we are basing our info on iran news agency?
[11:27] {Threei}  not until we reqruit Iraq's miniter of information to run ours
[11:27] {dino} yes, it seems
[11:28] {RonS} mayb from hominey-for-dinner-dad...
[11:28] {RonS} maybe
[11:30] {Threei}  FCX stays near the high while market sells down
[11:31] {Threei} Long Setup:  FCX  .50 break
[11:34] {Threei}  let's modify it a bit
[11:34] {Threei}  half lot .40 break if holding abovce .30
[11:34] {Threei}  and add half lot on .50 break
[11:37] {ese} well is this the move finally for jrcc
[11:37] {Threei}  stop for such combined lot will be under .35
[11:39] {ese} daaaaaaaaaa.........
[11:40] {Threei}  no worky FCX
[11:48] {ese} neither jrcc
[11:48] {ese} it's main lining
[11:50] {RonS} flat lining to non-musicians?
[11:50] {ese} ahhhhhhhhh   hmmmmmmmm
[11:51] {ese} ya got me there
[11:52] {ese} am gonna take my $200 buck and call it a day with this one the next time it hits .60
[11:53] {dino} ua sm l .75, stop .47
[11:55] {RonS} mobi dive
[12:08] {RonS} mobi l .30
[12:17] {ese} out jrcc .60 +.11
[12:19] {dino} ua stop
[12:20] {RonS} out mobi stop +.15  reverse slip
[12:20] {Threei} Short Setup: LVS  .40 break
[12:21] {Threei}  if stays under .50
[12:22] {Threei}  target's 1:2
[12:24] {Threei}  this big bid .38 is the last thing keeping it floating
[12:27] {Threei}  1:1
[12:27] {Threei}  1:2
[12:27] {Threei}  good boy
[12:27] {Threei}  out .15
[12:28] {RonS} wow...got .42 to .22 thanks 3i
[12:28] {Threei}  is it beauty or what
[12:28] {Threei}  welcome
[12:28] {gregns} yes, partialed at .22 and .13, ty
[12:28] {Threei}  :)
[12:28] {Threei}  good way to start the week
[12:30] {RonS} mobi harpooned
[12:34] {jfjf64} yes sir
[12:59] {dino} ua rinsed, lots of rinses last few days
[13:05] {jfjf64} wrong when that happens
[13:05] {jfjf64} rinses
[13:07] {dino} y
[13:10] {Threei}  so, the compound where Osama was found has been purpose-built 5 years ago,
[13:11] {Threei}  and no one asked who was it built for?
[13:11] {nemo} yep
[13:11] {nemo} ot
[13:11] {nemo} it's Pakistan
[13:11] {RonS} and i bet US paid for it
[13:11] {Threei}  withallies like that, who needs enemies
[13:14] {_rizvisy1} but they say it is with the help of Pakistani intelligence agencies
[13:17] {jfjf64} think kiddalfi lookin over head today
[13:17] {_rizvisy1} should get rid of too
[13:18] {Threei}  just not USA please
[13:18] {Threei}  he is someone elese's problem
[13:18] {nemo} Hard to tell if Pakistani intelligence actually aided them, but it makes for nice politics
[13:18] {nemo} yeah, send in SAS or Spetznatz
[13:20] {_rizvisy1} help from Pakistan intelligence was told by President Obama in his last night speech actually
[13:20] {nemo} what's your point?
[13:21] {jfjf64} easy nemo   maybe from pakistani decent
[13:21] {jfjf64} dont mind him rizzy
[13:21] {nemo} No, I'm asking the point, not being confrontational.
[13:21] {_rizvisy1} no thts fien
[13:21] {RonS} never met a decent pakistani
[13:22] {jfjf64} lol
[13:22] {_rizvisy1} lol
[13:22] {nemo} I was working for the government (US) back when KAL 700 was shot down
[13:22] {Threei}  unexpected victim of cost-cutting measires: we are not looking for extraterrestial life anyomre
[13:22] {RonS} omg
[13:22] {nemo} Suffice to say, what was reported, is not what happened
[13:22] {jfjf64} aggree
[13:22] {jfjf64} nemo
[13:23] {RonS} ya, had a couple of neighbors killed on the TWA flight
[13:23] {nemo} So, things are often said that have no basis in fact, but serve the storyline and politics of the situation
[13:23] {RonS} the true story never told on that either
[13:23] {_rizvisy1} no Iam not from Pakistan but just quoting President, hard to believe  it happed without local support in deep country
[13:24] {RonS} ya, thankfully Prez's never lie...unless they are GW...
[13:24] {nemo} I don't disagree riz, but there are factions within the ISI that make it very difficult to keep things a secret
[13:24] {ese} whats the isi nemo?
[13:25] {jfjf64} slw  lower imo
[13:25] {_rizvisy1} still there are factions in ISI, and with there help got hold of very top disgraceful terrorist
[13:26] {RonS} never took a bath?
[13:27] {jfjf64} .70 break   hold .80
[13:31] {nemo} Oh sorry, ISI is Pakistani Secret Service/CIA, etc
[13:31] {nemo} Having said that riz, there's quite a bit of the Islamic world that looks at the US as the biggest terrorist on the block
[13:33] {_rizvisy1} Different blocks have different views about each other but US generally helps muslims  like in Qawait war and Iraq Dictator etc
[13:34] {nemo} Yes, it's a matter of perspective
[13:34] {_rizvisy1} thta true
[13:34] {nemo} Just think, the leaders of the American Revolution were terrorists to the British
[13:35] {_rizvisy1} exactly perspective issue
[13:35] {nemo} yep
[13:35] {nemo} FCX above .05 could be interesting
[13:37] {_rizvisy1} what is KAL 700 nemo?
[13:38] {nemo} 1983 Korean Airliner that the Soviets shot down.
[13:38] {_rizvisy1} oh ok
[13:38] {nemo} Vad's guys  ;)
[13:38] {_rizvisy1} lol lol
[13:39] {RonS} sad day...May Day and no soviet parade...:(
[13:39] {Threei}  no?
[13:39] {Threei}  not even in Moscow?
[13:40] {Threei}  hey, I remember that story nemo
[13:40] {Threei}  took a few to relate
[13:40] {RonS} well, maybe i am wrong...but US press would run the thing to advertise for our military...
[13:41] {nemo} you had to drink vodka to relate?
[13:41] {Threei}  sigh
[13:41] {Threei}  lol
[13:42] {RonS} mobi going for lod
[13:53] {Threei} Short Setup: LVS  .60 break
[13:55] {dino} cymi sm l .90
[14:04] {jfjf64} lvs  grrrrrrrrrrr
[14:04] {Threei}  yeah, no go
[14:07] {ese} outta here all cya tomorrow
[14:07] {RonS} cya ese
[14:07] {Threei}  take care ese
[14:08] {jfjf64} later ese
[14:09] {dino} cya ese
[14:11] {RonS} mobi lod
[14:14] {dino} mlnx to .49
[14:20] {dino} out mlnx .50, +.55
[14:26] {dino} tdsc lod
[14:49] {Threei}  can't help it:
[14:49] {Threei} Short Setup: LVS  .60 break
[14:52] {davd} s lvs .58
[15:02] {davd} so far a 0,00 on lvs
[15:02] {davd} dollar looks to be strengthening on the treasury news ... imo
[15:04] {Threei}  time for violence?
06[15:05] * Threei hits LVS over the head with 2x4
06[15:05] * nemo stomps on LVS's fingers
06[15:06] * nemo drives jeweler's flat head screwdriver heads under LVS's fingernails
[15:06] {_rizvisy1} I though I was alone on LVS
[15:07] {Threei}  why... we trade what we call
[15:07] {Threei}  come on LVS, 2 cents till 1:1?
[15:08] {davd} davd offers free drinks to lvs
[15:09] {nemo} oh yeah, play nice...wtf
[15:09] {Threei}  really... what are you doing
[15:09] {davd} i'm short thought would get it drunk so it falls
[15:09] {dino} lol
[15:10] {nemo} that would take a while
[15:10] {nemo} now...if you poisoned the drink
[15:10] {nemo} better yet...cut the achilles
[15:15] {Threei}  trailing top to .66
[15:15] {Threei}  stop
[15:20] {Threei}  sigh
[15:27] {Threei}  SLW can't hold the lows...
[15:27] {Threei}  should have stuck with what workes consistently, eh
[15:34] {Threei}  rinse LVS
[15:35] {Threei}  as jf said, it's wrong
[15:36] {Threei}  (US) New York officials now investigating a suspicious package in Times Square - world press
[15:36] {Threei}  - The suspicious package was reportedly located at 43rd and 8th ave. No evacuations have been requested.
[15:37] {davd} osama!  give it up already.
[15:40] {Threei}  GLD drops nicely too
[15:40] {nemo} every asset class is dropping
[15:40] {Threei}  USO is not very red but red
[15:40] {Threei}  nice to see
[15:44] {davd} what's that color next to spy - dont recognize
[15:44] {Threei}  hehe
[15:58] {Threei}  OK guys thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {larisa} bye :)