Tuesday, May 17, 2011

May 17 2011

The best day this month probably - one stop, a lot of nicely working trades, anywhere from 1:1 to 1:3. Nice reward for patient careful trading of last couple weeks.

Session Time: Tue May 17 00:00:01 2011
[08:56] {Threei}  (GR) German Dep Fin Min: Grrek review extended by one week
[08:56] {Threei}  probably because it goes so well, they want to extend the joy
[09:06] {Threei}  HPQ... .60 break lookas tempting
[09:08] {davd} gm all
[09:08] {Threei}  favd :)
[09:08] {Threei}  ummm... f=d...
[09:16] {Threei}  (US) APR INDUSTRIAL PRODUCTION: 0.0% V 0.4%E; CAPACITY UTILIZATION:76.9 % V 77.6%E
[09:21] {Threei}  (IC) S&P revises Iceland sovereign outlook to Negative from Stable; affirms BBB- rating
[09:24] {davd} iceland, that is so 5 yrs ago.
[09:24] {Threei}  watchinf HPQ .60 break for short; SLW .40 break
[09:25] {Threei}  hey, recycling is the way to live in these uncertain times
[09:26] {dino} gm all
[09:26] {Threei}  dino :)
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} vad :)
[09:27] {Threei}  dino, dcc
[09:27] {ese} gm
[09:27] {Threei}  ese :)
[09:27] {RonS} gm
[09:28] {ese} ron vad dave laris et al...
[09:28] {Threei}  ron :)
[09:28] {ese} dino
[09:30] {Threei}  anyone went for HPQ 1:2
[09:31] {Threei} Short Setup: SLW  .40 break
[09:32] {Threei}  1:1
[09:33] {Threei}  (CZ) Czech Central Bank's Singer: Talks on euro adoption are only "theoretical" at the moment
[09:33] {Threei}  lol, even theoretical seems too much
[09:34] {Threei}  1;2
[09:35] {Threei}  samire, look private message
[09:39] {Threei} Long Setup:  SLW  .05 break
[09:39] {Threei}  if stays above .95
[09:40] {Threei}  target .30 or so
[09:42] {Threei}  1:1
[09:42] {Threei}  stop for the balance to .99
[09:42] {dino} wlk sm l .75
[09:45] {Threei}  1:2
[09:45] {Threei}  out in full .33
[09:46] {Threei}  easy money
[09:46] {davd} out slw
[09:46] {Threei}  jf sleeps through
[09:47] {Threei}  (SY) UN Security Council is getting close to 9 votes regarding a resolution for Syria - French Foreign Min
[09:47] {Threei}  oh boy
[09:47] {Threei}  what are they going to do there
[09:47] {Threei}  another "mission"?
[09:47] {Threei}  Belarus may request support from IMF - financial press
[09:47] {Threei}  ,IMF} OK, who is going to support us?
[09:49] {Threei} Short Setup: FCX  47 break
[09:49] {nemo} little fast
[09:49] {Threei}  1:1
[09:50] {Threei}  Adobe Systems Inc Hearing strength attributed to takeover chatter- Microsoft rumored as potential acquirer at $48.50/shr
[09:51] {Threei}  valid again, same setup but half lot
[09:51] {Threei}  (BR) Brazil Gov't official: Next IMF head should come from an emerging market country but will not press the issue
[09:51] {Threei}  I have another idea
[09:52] {Threei}  how about we pick the most comptetent, not the most politically correct?
[09:52] {dino} anth spike
[09:52] {Threei}  novel concept, eh?
[09:52] {Threei}  dino, look dcc pls
[09:52] {Threei}  invalidated FCX
[09:53] {davd} nemo at what time is vwap statistically valid?
[09:53] {Threei} Short Setup: SLW  .45 break
[09:54] {Threei}  if stays under .55
[09:54] {Threei}  invalidated
[09:54] {Threei}  hit 1:1 on a long side faster than I could alert two-sided
[09:56] {dino} 3i ok
[10:00] {dino} out wlk .77, +1.02
[10:00] {Threei}  watching CAT for long entry on pullback
[10:01] {Threei}  wtg dino
[10:01] {dino} ty
[10:02] {Threei} Long Setup:  CAT  .65 break
[10:02] {Threei}  stop under .55
[10:02] {Threei}  EU spokesperson: 2012 budget for EU is supported by 12 member states - press
[10:03] {Threei}  no go
[10:04] {Threei} Long Setup:  RIMM  .80 break
[10:08] {Threei}  wow CAT
[10:08] {Threei}  what a smackdown
[10:08] {Threei}  bounce time
[10:08] {Threei}  .10 break
[10:08] {Threei}  if holding 104
[10:09] {Threei}  invalidated, but on a radr
[10:09] {Threei}  10 cents ranges
[10:09] {Threei}  104 break if holding .90 etc
[10:10] {Threei}  1;1
[10:11] {Threei}  RIMM 1:1
[10:12] {Threei}  LVS
[10:12] {Threei}  watch for long entry near .80 on pullback
[10:13] {Threei}  first uptick
[10:13] {Threei}  if stays above .70
[10:13] {Threei}  in
[10:13] {Threei}  .79 and .80
[10:16] {Threei}  the dike at .84 needs to go away
[10:16] {Threei}  then LVS explodes
[10:16] {Threei}  here we go
[10:16] {Threei}  1;1
[10:17] {Threei}  can I go home?
[10:18] {nemo} yeah, I'm done...
[10:19] {dino} irf sm l .01
[10:19] {Threei}  1:2
[10:20] {dino} ai sm l ave .28
[10:21] {Threei}  how the hell can it be true
[10:21] {Threei}  http://www.businessinsider.com/nearly-half-of-detroiters-cant-read-2011-5#ixzz1MREEUfjx
[10:21] {Threei}  1:3, out
[10:22] {RonS} the people who could read have left
[10:22] {Threei}  yes... but how can there be so many of those who can't
[10:24] {dino} they do not flunk students anymore, thats how
[10:25] {Threei}  still... I don't get it
[10:25] {Threei}  how does a person survive not being able to read?
[10:25] {Threei}  you need to read instructions on a cereal box
[10:26] {Threei}  on a bag of linguini
[10:26] {Threei}  road signs
[10:26] {Threei}  driving manual
[10:26] {Threei}  prices in the dstore
[10:26] {Threei}  sign the credit application or rent agreement
[10:26] {Threei}  so many tasks that can't be accomplished wihtout basic reading skill
[10:35] {dino} out ai .68, +.40
[10:40] {Threei}  (LB) Libya Govt indicates it has received no information that the state oil minister has defected or resigned from post- Reminder: Earlier reports indicated that the Oil Min Ghanem had defected to Tunisia
[10:41] {ese} L plow .59
[10:42] {ese} might have a live one here dino
[10:43] {RonS} got the secondary offerring story on plow ese?
[10:43] {dino} ok
[10:44] {ese}  Announces pricing of 5M share secondary offering at $14.50/shr- announced the pricing of its secondary offering of 5,000,000 shares of its common stock by certain of its stockholders, including affiliates of Aurora Capital Group and Ares Management, at a price to the public of $14.50 per share. The selling stockholders have also granted the underwriters a 30
[10:44] {dino} 5m at 14.50
[10:44] {ese} ay option to purchase up to an additional 750,000 shares to cover over-allotments, if any.  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[10:44] {ese} day option
[10:45] {ese} out 1/2 .72 1.5K plow
[10:45] {ese} stop balance to .60
[10:47] {ese} out another 1/4 .90 +.51
[10:48] {ese} out in full .98 last 1/4 +.39
[10:49] {ese} that should be +.31 on that 1/4
[10:49] {Threei}  SLW, bounce hunt
[10:50] {ese} not .51
[10:50] {gregns} tks ese for the plow
[10:50] {Threei}  nice anyway ese
[10:51] {ese} tks
[10:51] {Threei} Long Setup:  SLW  .60 break
[10:51] {Threei}  if holding .50 of course
[10:51] {ese} that maybe the first time vad that i've done what you do...1/2 then 1/4 then 1/4
[10:51] {Threei}  cool :)
[10:52] {nemo} market dropping
[10:52] {ese} your welcome G
[10:52] {nemo} popped your partialing cherry
[10:52] {ese} lol
[10:52] {Threei}  lol
[10:53] {ese} hopefully patience or laris aren't reading that
[10:53] {nemo} cmon nothing they haven't hearc before
[10:54] {ese} ya .......what am i thinkin
[10:54] {Threei}  more than that - nothing they wouldn't come to expect from nemo
[10:54] {dino} gj es
[10:56] {ese} lol
[11:02] {Threei}  don't see any news for thiks wave of selling
[11:03] {Threei}  strange phrase:
[11:03] {Threei}  (UK) PM Cameron: The UK cannot afford fiscal stimulus spending currently, but it can help boost the supply side of the economy
[11:03] {Threei}  no demand is the problem
[11:03] {Threei}  what do you achieve boosting supply side?
[11:04] {Threei}  supply side is running around looking for buyers
[11:04] {RonS} 19th century idea...french economist Say:  supply creates demand...
[11:06] {RonS} u can think AAPL products...
[11:06] {RonS} problem is how do you mandate supply
[11:06] {ese} huh.....
[11:06] {Threei}  tell that to manufacturers who are putting their factories and conveyers on a timeout
[11:06] {Threei}  AAPL products is completely different story
[11:07] {ese} whats the reasoning behind that guys theory
[11:07] {RonS} not really
[11:07] {Threei}  it's innovation, creating new products, thus creating market that didn't exist before
[11:07] {Threei}  what do you do with steel manufacturer
[11:07] {RonS} thus creating a supply...
[11:07] {Threei}  concrete
[11:07] {Threei}  cement
[11:08] {Threei}  basic things, traditional market
[11:08] {Threei}  diminished demand kills them
[11:08] {RonS} talk to cameron, not me...
[11:08] {Threei}  increase of supply won't get them anywhere
[11:09] {Threei}  {ese} whats the reasoning behind that guys theory - I'll takwe this one
[11:09] {dino} gotta hop, out irf -.18. see you tomorrow
[11:09] {RonS} cya dino
[11:09] {Threei}  "I need to write something, get published and discussed, maybe invited to speak somewhere, so I have something to try and capitalize on"
[11:09] {Threei}  take care dino
[11:09] {Threei}  that's the reasoning
[11:10] {ese} cya dino
[11:10] {ese} everybody has an opinion for sure vad
[11:16] {Threei}  IMF chief found someone to give him alibi
[11:26] {Threei}  (GR) EU's Rehn: Greece must increase the pace of structural and fiscal reform; cannot delay privitization of govt entities
[11:26] {Threei}  - Calls for Greece to make decisive steps in the coming days before the EU decision due shortly on aid measures
[11:26] {Threei}  {Greece} go away
[11:28] {Threei}  feels like selloff is about to accelerate
[11:31] {RonS} rimm s 3i?
[11:31] {Threei}  .80 break?
[11:31] {Threei}  I like it
[11:33] {Threei}  1;1
[11:34] {Threei}  1:2
[11:34] {Threei}  The Day When Everything Worked
[11:34] {RonS} out +.20 thanks
[11:35] {Threei}  your find
[11:35] {Threei}  we are having mini-crash
[11:35] {Threei}  one of those larisa used to hate
[11:36] {Threei}  [11:28] {Threei} feels like selloff is about to accelerate
[11:58] {Threei}  RIMM doesn't bounce
[11:58] {gregns} inverted c & h on RIMM ? break @ .50 ?
[11:58] {Threei}  .50 break looks l,ike another short trigger
[11:59] {Threei}  lol greg
[11:59] {Threei}  reasding minds much lately?
[11:59] {gregns} naw
[12:26] {Threei}  US) Moody's cuts State of Hawaii GO rating one notch, to Aa2 from Aa1
[12:32] {nemo} vvus
[12:34] {Threei}  VIVUS, Inc Presents positive Phase III data on Avanafil at American Urological Association Annual Meeting
[12:34] {Threei}  - Positive results from a pivotal phase 3 open-label clinical trial evaluating long-term safety and efficacy of the investigational drug avanafil for the treatment of erectile dysfunction (ED) were presented at the 2011 Annual Meeting of the American Urological Association in Washington, D.C. The top-line results had been previously reported; however, the presentation by Dr. Belkoff marks the first time these results have been presented at a major medical meeting.
[12:34] {Threei}  - The study met all primary endpoints by demonstrating sustained improvement from baseline in erectile function as measured by the Sexual Encounter Profile (both SEP 2 and SEP 3) and improvements in the International Index of Erectile Function (IIEF). The study also indicated that successful intercourse (as measured by SEP 3) was achieved as early as 15 minutes, consistent with results from previously reported phase 3 double-blind, placebo-controlled studies.
[12:44] {Threei}  Intel Corp CFO: Not concerned about tablet market cannibalizing other markets, data shows customers use many devices - investor day
[12:44] {Threei}  I am yet to find a reason to use a tablet
[12:55] {ese} hmmmmmm ATHR
[12:56] {ese} nahhhh forget it.......looked at the chart wrong
[12:57] {Threei}  I forgot it before looked at chart
[12:57] {Threei}  typed first two letters, and bam... can't remember last two
[13:06] {Threei}  be back in 20
[13:28] {Threei}  Hewlett-Packard Co Hearing Goldman Sachs upgrades rating to Neutral from Sell
[13:39] {Threei}  VVUS tries to rally
[13:39] {nemo} looking a little limp
[13:40] {ese} gotta go......you all have a great rest of the day.
[13:40] {Threei}  JPM
[13:40] {Threei}  PMorgan Chase and Co Declares regular $0.25/shr dividend- The dividend is payable on July 31, 2011, to stockholders of record at the close of business on July 6, 2011
[13:40] {Threei}  take care ese
[13:42] {davd} amzn red
[13:42] {Threei}  VVUS broke
[13:50] {Threei}  so, if we buy 1000 shares JMP July 6 and hold it for 3 and half weeks, we get paid $250?
[13:53] {Threei}  don't rush to answer all at once
[14:10] {nemo} TWI
[14:12] {Threei}  (GR) Greece PM Papandreou: Economy is not in bad shape, was only mismanaged; Greece is committed to meeting its responsibilities
[14:12] {Threei}  - Would like to see more coordinated fiscal policy amongst EU nations.
[14:13] {Threei}  obese patient is not in a bad shape, has only overeaten
[14:13] {Threei}  body on the pavement is not in bad shape, has only dropped from the skyscraper
[14:14] {Threei}  2-door car is not in a bad shape, was only hit by a train
[14:15] {Threei}  thank you Papandreou, that made for entertaining 3 minutes
[14:36] {Threei}  Child Named after Facebook "Like" Button
[14:39] {RonS} evil twin is "don'tlike"?
[14:44] {Threei}  I guess
[14:45] {Threei}  I envision exchange:
[14:45] {Threei}  Like unfriended me today
[14:48] {Threei}  frikin' tweetin' nation...
[14:48] {Threei}  half of which can't read
[14:49] {RonS} your great grandfather said the same about the phone
[14:50] {Threei}  I am sure
[14:50] {Threei}  and wasn't he right... who needs phone when we have Skype {G}
[14:52] {RonS} sheesh...well hope china allows skype...daughter moves to shanghai w/ hubby and new baby end of august
[14:52] {Threei}  to teach enlgihs?
[14:53] {RonS} no, he got a big job...she will stay home...
[14:54] {RonS} one level below partner in consulting firm...and only 29
[14:54] {Threei}  cool
[14:54] {Threei}  as of now, Skype is available in China although it could change any time
[14:55] {RonS} good to know...i had heard there was some move to kill it
[14:55] {Threei}  yes...
[14:55] {Threei}  as in Russia
[15:08] {Threei} Long Setup:  SLW  .10 break
[15:08] {Threei}  if holding 34
[15:14] {Threei}  1:1
[15:15] {Threei}  half out, stop to .07
[15:18] {Threei}  UUP is bout to make new low
[15:19] {Threei}  if loses .58, should help SLW balance
[15:19] {Threei}  nope
[15:20] {Threei}  (LB) Tunisia Govt considering reporting Libya to the UN
[15:33] {Threei} Short Setup: FCX  47 break
[15:37] {Threei}  SLW rinsed second half
[15:41] {Threei}  come on FCX
[15:41] {Threei}  die already
[15:45] {Threei}  finally
[15:45] {Threei}  1;1
[15:46] {Threei}  1:2
[15:47] {Threei}  out in full
[15:47] {Threei}  best day in a while
[15:47] {Threei}  on this, allow me to retreat for the night
[15:47] {Threei}  thank you al, havge a good evening
[15:47] {Threei}  see you tomorrow
[15:48] {larisa} bye :)