Thursday, May 19, 2011

May 19 2011

Boring and profitable - another day in the office. Linkedin IPO provided some fun though. Chart below is a perfect illustration to mass insanity.





Session Time: Thu May 19 00:00:00 2011
[09:03] {Threei}  for Ron:
[09:03] {Threei}  (GR) The main option now to consider for Greece is for banks to commit to maintaining steady holdings of Greek bonds - financial press citing sources
[09:03] {Threei}  - Any form of restructuring that would cause credit event is not an option; credit event would cuase paying out CDS
[09:03] {Threei}  - Voluntary deal with investors could be part of new Greek reforms, austerity and additional EU/IMF funding from 2011-14; the option would include not selling down banks' positions held in Greek debt, and buying some Greek bonds to replace issues that matured over the length of the programme
[09:03] {Threei}  - In the event of restructuring, the ECB would decline Greek bonds as collateral
[09:05] {RonS} gm...always good to know...
[09:05] {Threei}  :)
[09:14] {samire} GM
[09:14] {Threei}  morning samire
[09:17] {RonS} evidence of a changed world:
[09:17] {RonS} Goodrich (GR) has been selected by Russian Helicopters, JSC to provide the main rotor actuator and hydraulic power supply for its upgraded Mi-34C1 light helicopter. The agreement includes research and development, original equipment supply and aftermarket support for both units. Prototypes for flight tests have already been produced by Goodrich's Actuation Sy
[09:17] {RonS} Goodrich's Actuation Systems business with entry into service planned for late 2012.
[09:18] {RonS} kinda funnywhen you consider that heicoters were invented by a russian immigrant, Sikorsky
[09:19] {rizvisy1} gm Vad
[09:19] {Threei}  morning riz
[09:20] {rizvisy1} I am here as a permanent member
[09:20] {Threei}  welcome aboard
[09:20] {rizvisy1} Thanks
[09:24] {davd} gm all
[09:24] {ese} mornin
[09:24] {ese} dave
[09:24] {Threei}  davd, ese :)
[09:27] {jfjf64} yello
[09:27] {Threei}  jf :)
[09:27] {Threei}  don't see clear opening play so far
[09:28] {Threei}  watching usual suspects
[09:28] {larisa} gm :)
[09:28] {Threei}  larisa :)
[09:29] {larisa} :)
[09:29] {Threei}  SLW, will probably hunt for a long setup
[09:29] {Threei}  unless spikes right out of the gate
[09:31] {nemo} what?  no slw short?
[09:31] {Threei} Long Setup:  SLW  .80 break
[09:31] {Threei} Long Setup:  FCX  .80 break
[09:32] {nemo} .62
[09:32] {Threei}  FCX invalidated
[09:32] {nemo} bids
[09:33] {Threei}  SLW, changing entry but not direction
[09:33] {Threei}  .70 break new trigger
[09:33] {Threei}  too fast
[09:33] {jfjf64} rimmttin hit ge
[09:33] {Threei}  second cance
[09:34] {Threei}  same setup
[09:34] {Threei}  .70 break
[09:34] {Threei} Long Setup:  FCX  .50 break
[09:35] {Threei}  SLW invalidated again
[09:35] {Threei}  took FCX on pullback
[09:35] {Threei}  stop under .40
[09:35] {Threei}  target .80
[09:36] {Threei}  no go
[09:36] {Threei} Long Setup:  SLW  ,60 break
[09:37] {Threei}  sheesh, what's with speed of breaks
[09:37] {Threei}  .50 that was
[09:37] {Threei}  don't chase
[09:39] {Threei} Long Setup:  RIMM  .20 break if stays above .10
[09:39] {Threei}  invalidated
[09:41] {Threei}  whole lot of numbers at 10
[09:41] {Threei}  existing homes, phil fed, leading
[09:41] {Threei} Long Setup:  X  .60 break
[09:41] {Threei}  if holding .50
[09:42] {Threei}  missed SLW
[09:43] {Threei}  X 1:1, half out
[09:43] {Threei}  scalpers know what to do
[09:43] {Threei}  stop for the balance to .55
[09:44] {jfjf64} lvs   pullbk
[09:45] {Threei}  1:2, 1/4 more
[09:45] {Threei}  stop to .59
[09:45] {jfjf64} nice x  ty
[09:47] {Threei}  SLW
[09:47] {Threei}  double bottom hunt
[09:47] {Threei}  .55 is formal trigger
[09:48] {Threei}  if want aggressive, just grab it
[09:48] {Threei}  with stop under .40
[09:48] {Threei}  X stop to .65
[09:48] {Threei}  1:3
[09:48] {Threei}  out
[09:49] {nemo} 1/2 out .62
[09:49] {Threei}  right
[09:49] {Threei}  with aggressive entry, this is where first part is out
[09:49] {nemo} I took slw at .52
[09:49] {Threei}  took .52 or so?
[09:49] {Threei}  :)
[09:49] {Threei}  X 1"4...
[09:49] {Threei}  sold a bit too soon
[09:50] {Threei}  1:5... can I have a gun?
[09:51] {jfjf64} me too
[09:51] {jfjf64} f
[09:51] {nemo} I've got plenty
[09:52] {Threei}  SLW, stop to .49
[09:53] {Threei}  X takeover rumor
[09:54] {RonS} 15th of the year?
[09:54] {Threei}  X takeover rumornumbers are too close
[09:54] {Threei}  otherwise I'd look to short it
[09:54] {Threei}  OK, let's see if numbers can help SLW balance
[09:55] {Threei}  offer 1/4 above .70
[09:55] {Threei}  out
[09:55] {Threei}  last portion stop to .54
[09:56] {Threei}  offer .85
06[09:56] * Threei slaps nemo around a bit with a large roll of cash
[09:56] {Threei}  X is very tempting short
[09:56] {nemo} numbers in 4 min.
[09:56] {Threei}  here it goes...
[09:57] {Threei}  yeah, that's why I stay away...
[09:57] {samire} Vad for world president 2012
[09:58] {Threei}  I thought world was ending in 2012?
[09:58] {samire} no
[09:58] {samire} you are here to save it
[09:58] {Threei}  hmmm... I adjusted my spending habits so I run out of money Dec 31 2012
[09:59] {nemo} that's a 10 day cushion
[09:59] {Threei}  just in case
[09:59] {nemo} why would you want to save this cesspool
[09:59] {Threei}  don't want to die starving
[09:59] {Threei}  really
[10:00] {jfjf64} arnold   4   vp
[10:00] {jfjf64} hmm
[10:00] {Threei}  as far as I am concerned, it can go to pieces
[10:00] {Threei}  no jf
[10:00] {Threei}  I don't like his taste in women
[10:00] {jfjf64} petm
[10:00] {Threei}  wow
[10:00] {jfjf64} short
[10:01] {Threei}  *(US) MAY PHILADELPHIA FED: 3.9 V 20.0E
[10:01] {Threei}  WOW!
[10:01] {Threei}  *(US) APR LEADING INDICATORS: -0.3% V 0.1%E
[10:02] {davd} that is not good?
[10:02] {Threei}  lol
[10:02] {davd} plus housing not good either
[10:03] {Threei}  LNKD Linkedin IPO
[10:03] {RonS} unreal
[10:04] {Threei}  that X short looks good in retrospect, lol
[10:05] {Threei}  $4.3 billion valuation for LNKD?
[10:05] {Threei}  shrug
[10:05] {nemo} priced at 45 opened at 85
[10:05] {Threei}  awww SLW
[10:06] {Threei}  rinsed last piece
[10:07] {jfjf64} .45 break
[10:07] {jfjf64} hold .60
[10:07] {jfjf64} petm
[10:07] {jfjf64} imo
[10:09] {RonS} quote of the day:  The LinkedIn CEO looks like he's about to pass out. Fortunately he has a huge bed of money to fall onto
[10:15] {Threei} Short Setup: SLW  .50 break
[10:15] {Threei}  stop above .60
[10:16] {Threei}  target 1:3 at least
[10:16] {Threei}  possibly more
[10:16] {jfjf64} k petm   die
[10:16] {Threei}  let's partial first two portions and try to trail third one
[10:16] {Threei}  good one jf
[10:16] {Threei}  1:1 SLW
[10:16] {Threei}  half out
[10:16] {Threei}  stop to .55
[10:21] {Threei}  scalpers win
[10:21] {jfjf64} dieeeeeeeee
[10:22] {Threei}  very nice one jf
[10:22] {jfjf64} all out
[10:22] {Threei}  you out yet?
[10:22] {Threei}  cool
[10:22] {Threei}  wtg
[10:23] {Threei}  where is dino today
[10:23] {jfjf64} sd have piece
[10:30] {Threei}  look first opening candle on 1 min CAT
[10:30] {Threei}  someone got smacked really good
[10:30] {nemo} wtf
[10:31] {nemo} yeah, they don't make noise when they flatulate anymore
[10:31] {Threei}  thanks for the image
[10:32] {nemo} your welcome
[10:33] {nemo} you're
[10:33] {Threei}  President is going to announce 2 Bln in aid to Mid East countries
[10:33] {Threei}  is this guy insane?
[10:38] {Threei} Short Setup: RIMM  .50 break
[10:43] {dino} tdsc gap fill
[10:43] {dino} sm l .00
[10:45] {RonS} get stuck in mud dino?
[10:47] {dino} lol
[10:47] {Threei}  dino :)
[10:48] {ese} dino have you looked at AAP
[10:49] {dino} will do
[10:51] {RonS} BKE buckle
[10:51] {ese} am just looking at that also ron
[10:52] {dino} strikes maybe 60 and 40
[10:53] {Threei}  RIMM... while we are young?
[10:54] {ese} 60.....thats some serious hit for a very very slight miss
[10:54] {jfjf64} comon rimm
[10:55] {dino} just speculating
[10:55] {ese} ya
[10:56] {RonS} aap at 200 ma
[10:57] {jfjf64} half out at 1/1 correct
[10:58] {Threei}  yeah
[10:58] {ese} you'd think it should bounce here a little ron..........figure
[10:58] {Threei}  1;1
[10:59] {samire} target on rimm
[10:59] {jfjf64} dieeeeeeeeeeee
[10:59] {Threei}  no target, just playing by the book, partialing and trailing
[10:59] {Threei}  half out here, stop to .52
[10:59] {Threei}  scalpers feel free to take profit
[10:59] {ese} rimm = yoyo
[11:00] {Threei}  I have no preference one way or another
[11:00] {jfjf64} green  yoyo
[11:00] {dino} bke sm l .05
[11:02] {ese} nice one dino
[11:02] {jfjf64} done rimm
[11:02] {jfjf64} ty
[11:02] {dino} ty
[11:03] {ese} good jf
[11:03] {ese} good one
[11:04] {jfjf64} 3i  find
[11:04] {jfjf64} but i will tk credit
[11:04] {jfjf64} wecome
[11:04] {ese} found a nice one for me yesterday before i had to go
[11:05] {RonS} wsm sm l .34
[11:05] {ese} L THOR sm .83
[11:07] {ese} out thor .03 +.20
[11:08] {Threei}  1/4 more out RIMM
[11:09] {dino} gj
[11:10] {dino} bke stopped -.30
[11:11] {Threei}  stop to .42
[11:16] {Threei}  out
[11:16] {Threei}  LNKD is entertaining
[11:20] {ese} L aap .74
[11:21] {ese} out 1/2 .91
[11:23] {RonS} out wsm .86 +.52
[11:23] {nemo} TDW
[11:23] {ese} stop to break even aap balance
[11:23] {Threei}  nice trading guys
[11:24] {RonS} late post...busy bke l .55
[11:24] {Threei}  you'll be fine tomorrow while I merrily cros the sound to Seattle
[11:24] {RonS} that is a fun trip...hoping you have nice weather
[11:25] {Threei}  lemme check
[11:25] {jfjf64} i nominate nemo 4 room mpnitor
[11:25] {RonS} actually even fun in light rain
[11:26] {Threei}  saturday a beauty, sunday light showers
[11:26] {Threei}  friday's great too
[11:26] {jfjf64} lots  of vodka
[11:26] {ese} out aap .21
[11:27] {Threei}  naaah... just a tad
[11:27] {dino} enjoy
[11:27] {ese} +.58
[11:27] {jfjf64} ese  nice
[11:27] {Threei}  wtg
[11:27] {ese} tks......it's the dino influence in me
[11:28] {Threei}  dino will do that to people
[11:29] {Threei}  (US) Dept of Health and Human Services issues final regulation ensuring large health insurance premium increases will be thoroughly reviewed- Consumers will have access to clear information about those increases. Combined with other important protections from the Affordable Care Act, these new rules will help lower insurance costs by moderating premium hikes and provide consumers with greater value for their premium dollar. In 2011, this will mean rate increases of 10-percent or more must be reviewed by state or federal officials.
[11:29] {ese} ya.....it's ...it's......it's......omnipresent..........thats the word.....spiritual....ehhhhhh
[11:29] {Threei}  yessss
[11:29] {dino} gj ese
[11:30] {Threei}  Ron, to sustain you for the weekend:
[11:30] {Threei}  (GR) EU/IMF will not finish Greece inspection until Greek govt unveils a bigger privatization plan
[11:30] {ese} you can hear the monks already..........ouuuuuuuuu........mmmmmmmmm....ouuuuu mmmmmmm
[11:31] {RonS} in other news...every business in Nancy Pelosi'd district has been exempted from the new health bill
[11:31] {ese} tks
[11:31] {RonS} now you know why she did not have to read it
[11:32] {dino} ccsc sm l .99
[11:32] {Threei}  (EU) IMF's Lipsky: There is no easy solution to the euro zone peripheral debt situation, some euro zone nations will have to undertake "demanding" reforms
[11:32] {RonS} first part an exageration...but...have not people been shot for less?
[11:33] {Threei}  France is outraged by the way US is treating Kahn
[11:34] {RonS} ...the home of the Bastille...
[11:35] {Threei}  in a piece of really said news:
[11:35] {Threei}  Amazon Says E-books Are Outselling Paper Books
[11:35] {Threei}  aid = sad
[11:38] {jfjf64} lnkd
[11:38] {jfjf64} wow
[11:38] {RonS} gonna short it jf?
[11:38] {RonS} :D
[11:38] {Threei}  I don't think you can
[11:38] {Threei}  first day IPO
[11:41] {jfjf64} blow off top
[11:41] {jfjf64} 100.00
[11:41] {jfjf64} lol
[11:44] {dino} hrbn drop
[11:44] {RonS} hearing the lnkd p/e is 525
[11:44] {Threei}  you mesn 107?
[11:44] {nemo} nuts
[11:44] {dino} sm l .85
[11:44] {Threei}  sorry 108
[11:45] {Threei}  sorry 109
[11:46] {Threei}  I meant 110 of course
[11:47] {jfjf64} 11101120112
[11:48] {jfjf64} 114
[11:48] {Threei}  you should by now know that when I say 110 I actually mean 115
[11:48] {Threei}  which easily translates into 117
[11:49] {Threei}  and seamlessly into 119
[11:49] {RonS} $9 bil market cap
[11:49] {Threei}  beautidful example of mass insanity
[11:49] {RonS} is it 1999 again?
[11:51] {RonS} got hrbn .99 to 17.25  thanks dino
[11:52] {RonS} opps .96 +.29
[11:53] {dino} gj ron
[11:53] {jfjf64} pullbk
[11:53] {jfjf64} lol
[11:53] {dino} out .35, +.50 hrbn
[11:58] {nemo} I'm amazed at how dead it is
[12:00] {RonS} all are playing lnkd
[12:00] {Threei}  or watching
[12:04] {RonS} people saying the O late due to playing lnkd
[12:05] {Threei}  makes sense
[12:07] {dino} he's always late
[12:08] {dino} sina luv
[12:10] {samire} spy is moving up
[12:12] {RonS} hearing qpsa up 25% due to lnkd
[12:13] {RonS} 'nother quote of the day:  whoever bot $LNKD at 122, dont worry it will probably be $500 tomorrow
[12:18] {dino} out ccsc .67, +.68
[12:20] {Threei}  54% Blame Bush Recession For Current Economic Problems, 39% Blame Obama
[12:20] {Threei}  I say both are idiots
[12:38] {Threei} Short Setup: RIMM  .20 break
[12:38] {Threei}  if stays under .30
[12:44] {RonS} lowvolumedated?
[12:45] {dino}  .
[12:45] {nemo} creative
[12:45] {dino} evitaerc
[12:46] {nemo} bored...huh dino?
[12:46] {dino} very
[12:46] {nemo} I was so bored missed the tna move
[12:46] {dino} is that t n a
[12:47] {nemo} "tna"
[12:47] {nemo} not T&A
[12:47] {dino} :O
[12:54] {RonS} the topper?  Preschool Commencement speaker advising preschoolers to open their piggy banks and buy LinkedIn
[12:56] {dino} idiots
[12:57] {Threei}  changing entry
[12:57] {Threei}  atop .36
[12:57] {Threei}  stop
[12:57] {Threei}  atop .36aggressive in
[12:58] {Threei}  grrr
[12:58] {Threei}  let me try again
[12:58] {Threei}  aggressive entry, stop .36
[12:59] {RonS} hiarious...people saying linknd has an in box labeled "pump and dump"
[13:00] {Threei}  no go RIMM
[13:00] {RonS} lol:  I'm printing T-Shirts that read: Will Work for Food, I Just Bought $LNKD With Market Orders
[13:13] {RonS} that lesson u taught 3i of real buyers trying to lay on an offer to induce selling is really helping me on the bke trade 3i
[13:13] {Threei}  cool
[13:14] {Threei}  clear case of "things are rarely what they seem"
[13:44] {RonS} they keep coming:  $NFLX is cheaper than $LNKD but when I posted my resume there I got two thumbs down. #linkedin"
[13:45] {Threei}  what does it mean?
[13:46] {RonS} on nflx you rate movies w/ thumbs up or down...
[13:48] {dino}  abfs
[13:49] {Threei}  this whole "social network" culture is so foreign to me..
[13:49] {RonS} Arkansas Best Corporation (ABFS:$25.11,00$0.88,003.63%) will appear at the Bank of America Merrill Lynch Global Transportation Conference in Boston, Massachusetts on Thursday, May 19 from 1:35 p.m. until 2:10 p.m. ET.  Judy R. McReynolds, President and Chief Executive Officer
[13:49] {dino} sm s .00
[13:55] {RonS} out bke 42.15 +.60  wore me out///
[13:56] {RonS} ...
[13:56] {dino} gj
[13:56] {Threei}  wtg
[13:57] {RonS} ty
[14:00] {dino} cov abfs .70, +.30
[14:00] {nemo} I'm on POT watch
[14:00] {Threei}  One in Three University Students in Germany Would Consider Sex Work as a means to finance their education
[14:01] {RonS} ...germany in process of changing name to thailand...
[14:05] {RonS} ...update...the german students were straight men
[14:06] {Threei}  lol
[14:06] {RonS} name change proposal to Studentenland...
[14:10] {dino} gdot drop
[14:11] {Threei}  no news yet
[14:11] {Threei}  ah, here it is
[14:11] {dino} damn missed it
[14:12] {Threei}  (US) Florida government sends subpoenas to various pre paid debit card companies including GreenDot and Net Spend
[14:12] {dino} sm l .16
[14:13] {dino} too soon, stop
[14:14] {dino} sm l .05
[14:15] {dino} pulp
[14:15] {Threei}  didn't take too long:
[14:15] {Threei}  (IS) Israel President Netanyahu: Rejects President Obama's call to withdraw to 1967 borders, Palestinian state should not be created at the expense of "Israel's existance"
[14:16] {dino} stopped again
[14:16] {dino} obama's an idiot
[14:17] {jfjf64} petm
[14:17] {dino} sm l .70
[14:17] {jfjf64} will play 46.00 break
[14:17] {Threei}  1967 borders is non-starter with israel
[14:18] {jfjf64} if any body cares
[14:18] {Threei}  no jf, but we are polite enough to pretend we do
[14:18] {Threei}  well, except nemo
[14:23] {Threei}  DUH
[14:23] {Threei}  (US) Fed's Fisher: US has changed to an environment of too much liquidity from one of too little, market has been flooded with too much money
[14:23] {Threei}  - Believes the Fed "over did it" with liquidity
[14:23] {Threei}  - Latest round of Fed bond purchases was a "bit too much"
[14:23] {Threei}  really?
[14:23] {Threei}  now you are getting it?
[14:24] {Threei}  a few months late and a few billion dollars short?
[14:24] {Threei}  how come it was obvious to everyone else for the last 6 months?
[14:24] {Threei}  frikin imbeciles destroying the country
[14:25] {Threei}  someone should break the walls of the ivory tower they live in and drag them on the streets, to see real life
[14:25] {Threei}  by upper lip if necessary
[14:26] {dino} out gdot .59, +.89
[14:28] {Threei}  nice pereseverance
[14:29] {Threei}  there should be couple "e"s too many in there
[14:37] {Threei}  I need to start playing dino's puicks
[14:37] {Threei}  I am bored out of my mind
[14:37] {Threei}  playing his stocks with couple thousand shares should take care of that
[14:39] {dino} gl
[14:40] {RonS} ...just mug some iranian for his cat 'o nine tails
[14:40] {dino} cern spike
[14:42] {RonS} cbst spike
[14:43] {dino} gdot sm l .00
[15:00] {dino} stop is .69
[15:11] {dino} out gdot .23 +.23, goot ahop. later all
[15:11] {Threei}  take care dino, see you monday
[15:13] {rizvisy1} Vad, so you will be on vacations from tomorrow
[15:14] {Threei}  just tomorrow
[15:14] {rizvisy1} good for you
[15:14] {Threei}  will be off for the weekend only, working again on Monday
[15:14] {rizvisy1} should take a break
[15:14] {Threei}  taking some now and then, day here, two there
[15:15] {rizvisy1} breaks are good for new energy
[15:20] {rizvisy1} anyone will be administrator in room?
[15:21] {Threei}  you all
[15:21] {Threei}  self-administer it
[15:21] {Threei}  I trust you are all adults and won't start pillow fights and binge drinkiong
[15:22] {Threei}  and even if you do, you will survive it one day... I hope
[15:22] {rizvisy1} lol, when the cat is away, rats must enjoy...
[15:22] {Threei}  well.. why not :)
[15:22] {Threei}  have fun
[15:23] {rizvisy1} lol, will try to behave
[15:23] {Threei}  little hint:
[15:23] {Threei}  pillow fight is much more fun if you put a brick in the pillowcase
[15:24] {rizvisy1} I wish you would have said, filled with green....
[15:25] {Threei}  just be careful with nemo, he is a deadly combination - smart, rude and martial arts master
[15:26] {rizvisy1} good 2 know in advance, will stay away
[15:30] {Threei}  looking if we can get last play for the day
[15:31] {Threei}  FCX short
[15:34] {Threei}  toughie... ot sure
[15:34] {Threei}  let's make it half lot
[15:34] {Threei} Short Setup: FCX  .85
[15:34] {Threei}  if stays under .95
[15:43] {Threei}  nah
[15:48] {Threei}  crapshoot
[15:48] {Threei}  Ok guys, no desire to push anything on the last minutes
[15:48] {Threei}  have a great evening andweekend, be safe tomorrow
[15:48] {Threei}  see you all on Monday
[15:49] {rizvisy1} see ya bye