Session Time: Thu May 26 00:00:00 2011
[08:43] {Threei} (US) INITIAL JOBLESS CLAIMS: 424K V 404KE; CONTINUING CLAIMS: 3.69M V 3.70ME
[08:44] {Threei} (US) Q1 PRELIMINARY GDP Q/Q ANNUALIZED: 1.8% V 2.2%E; PERSONAL CONSUMPTION: 2.2% V 2.8%E
[08:59] {ese} morning
[08:59] {Threei} ese :)
[09:00] {ese} hmmmm so far so good......bad internet connection problems for me yesterday over here
[09:00] {Threei} happens quite regularly for you...
[09:00] {ese} definitely in the last year it seems to be frequent
[09:01] {ese} are you on shaw or telus vad
[09:01] {Threei} shaw
[09:01] {ese} were on telus
[09:01] {ese} am not impressed
[09:03] {ese} every morning sometime between 7:00 and 7:15 i get a 30 second cut off.....am trying to figure out if it's the way my clock is set matching the east or what
[09:03] {ese} or the broker
[09:04] {Threei} run something contonuous at that time, to see whether it experiences similar pause
[09:04] {Threei} like youtube movie
[09:05] {ese} theres an idea
[09:12] {dino} gm all
[09:12] {rizvisy1} gm everyone
[09:13] {Threei} dino, riz :)
[09:14] {ese} dino
[09:15] {dino} :D
[09:23] {patience} gm guys
[09:23] {Threei} patience :)
[09:23] {RonS} gm all
[09:24] {Threei} ron :)
[09:26] {Threei} larisa :)
[09:26] {larisa} gm :)
[09:27] {Threei} no clear opening play yet
[09:29] {Threei} (GR) EU's Juncker: Does not expect Greece to meet its 2011 budget goals, calls on Greece to pursue an aggressive privitization program
[09:29] {Threei} - Greek savings and consolidation is not enough for the long term.
[09:29] {Threei} {Greece} become a facebook member and go friend yourself
[09:30] {ese} it's only taken them 4000 years to break the bank
[09:30] {Threei} Short Setup: SLW .50 break
[09:30] {Threei} if stays under .60
[09:31] {Threei} (GR) IMF's Blanchard: Greece situation holds contagion risks
[09:31] {Threei} hood morning blanchard
[09:33] {Threei} (US) FDIC's Bair: Worst is over on the economic cycle, very few firms will be labeled as systemically important
[09:33] {Threei} - Greatest threat to the economic security is the Govt's inability to control debt levels; Congress must raise the debt ceiling
[09:34] {ese} EDE
[09:35] {ese} suspended dividend.....dn 4 bills
[09:35] {ese} L .52 ede
[09:36] {Threei} Short Setup: FCX .70 break
[09:36] {ese} out .58
[09:36] {jfjf64} mornin
[09:36] {ese} 1/2
[09:36] {jfjf64} ty
[09:36] {jfjf64} slw
[09:36] {Threei} stop above .80
[09:36] {Threei} jf :)
[09:36] {Threei} 1:1
[09:37] {dino} watching that ede ese
[09:37] {ese} out full ede .65
[09:37] {dino} gj
[09:37] {Threei} scalpers win
[09:37] {ese} +.06 , +.13
[09:37] {ese} quick
[09:37] {nemo} with the $ down so bad can't believe resource stocks can stay down
[09:37] {Threei} true, this is unusual
[09:38] {nemo} probably moving with expectation of QEIII
[09:38] {Threei} Short Setup: SLW .30 break
[09:39] {ese} am gonna keep monitoring it dino......
[09:39] {ese} ede that is
[09:39] {ese} it's still going
[09:40] {Threei} not a scalp SLW
[09:40] {Threei} 1:1
[09:40] {dino} gappy trader'
[09:40] {Threei} half out .19
[09:40] {Threei} stop to .32
[09:41] {Threei} 1:2, 1/4 out
[09:41] {patience} ty slw vad
[09:41] {Threei} welcome
[09:41] {jfjf64} ty ty
[09:41] {Threei} stop is still there, .32
[09:42] {Threei} stop to .22
[09:42] {Threei} decide for yourself cover at 1:3 or trail
[09:42] {Threei} can't tell one way or another, personal preference
[09:43] {Threei} Long Setup: FCX .80 break
[09:43] {Threei} stop under .70
[09:44] {Threei} no go
[09:45] {dino} hrl sm l .54
[09:45] {Threei} 1:3, if trailing - trail to .15
[09:47] {Threei} Long Setup: LVS .70 break
[09:47] {nemo} got away before I got there
[09:47] {Threei} get there faster, will ya
[09:47] {Threei} second chance
[09:48] {Threei} same setup
[09:48] {Threei} SLW to .10
[09:48] {Threei} 1:4
[09:49] {Threei} LVS trigger again
[09:50] {Threei} SLW to .06
[09:50] {Threei} LVS stopped
[09:52] {Threei} Long Setup: RIMM .10 break
[09:52] {Threei} if stays above 43 of course
[09:53] {Threei} 1:1
[09:54] {Threei} SLW 1:5
[09:54] {Threei} trailing to .02
[09:55] {Threei} 1:6
[09:55] {Threei} enough is enough, out
[09:55] {jfjf64} lol
[09:56] {jfjf64} 1:6
[09:56] {jfjf64} same yest
[09:56] {jfjf64} nice
[09:56] {_pragmatic} what a ride!
[09:56] {Threei} even that was too soon, lol
[09:56] {Threei} 1:7
[09:56] {Threei} speaking of rides... everyone reviewed yesterday's catch of the day?
[09:57] {gregns} .yup
[09:57] {jfjf64} yup
[09:57] {jfjf64} nice
[09:57] {nemo} you really want me to answer?
[09:57] {jfjf64} lol
[09:57] {Threei} {--- getting ready to nemo reciting all the details off the trade to make sure we speak of the same one, then saying nope, haven't seen it
[09:58] {nemo} hate being so predictable
[09:58] {Threei} Euro vs US Dollar Euro off its session highs following Juncker comments that IMF might not release the next tranch in June
[09:58] {Threei} (IS) Israel Fin Min: Govt evaluating methods to prevent additional housing price increases
[09:59] {Threei} hat to evaluatre... shott anyone who wants to buy a house, prices will fall
[09:59] {Threei} shoot
[09:59] {patience} must have been tough asking for permission to stay out late at your house vad
[10:00] {nemo} think mum just brought back a rodent
[10:00] {Threei} na, everything is negotiable
[10:00] {Threei} uh oh
[10:00] {Threei} uh oh uh oh
[10:00] {Threei} (IT) EU's Juncker: Italy and Belgium are not at risk
[10:01] {Threei} good bye Italy and Belgium
[10:01] {ese} ede dino ...thoughts
[10:02] {dino} wanted pullback to .50 but not happening, so i guess up
[10:02] {dino} cm sm l .00
[10:02] {RonS} this is the power co ese that is in the tornado geog...the fact they suspended divvy means they have really been slammed
[10:04] {samire} slw is bouncing
[10:04] {ese} tks Ron.....
[10:05] {Threei} Long Setup: CAT .45 break half lot
[10:05] {Threei} invalidated
[10:05] {Threei} but looking for another entry
[10:06] {Threei} yeah, the moment I started lookking was it, lol
[10:06] {RonS} Joplin mo had 2000 buildings destroyed...
[10:06] {ese} L sify .76
[10:07] {ese} 1/2
[10:07] {dino} afl sm l .99
[10:08] {rizvisy1} sify
[10:13] {Threei} Short Setup: X .50 break
[10:15] {Threei} let's take half lot here aggressively
[10:15] {Threei} and add half lot on actual break
[10:16] {jfjf64} hmm
[10:16] {Threei} stop for first half is above .70
[10:16] {jfjf64} thats new
[10:17] {Threei} if triggers from here, stop for the whole thing will be .65
[10:18] {Threei} (US) Supreme Court upholds Arizona law that empowers the state to shut down businesses that hire illegal immigrants
[10:19] {Threei} heh
[10:19] {Threei} Bank of Ireland (IR) Ireland Fin Min could force losses on sub debtors in a junior debt for equity swap scheduled for tommorow - financial press
[10:19] {Threei} - Losses could be forced if some debtors refuse to take the offer
[10:20] {Threei} after .45 loss trail stop to .61
[10:20] {ese} doesn't look like it but this mrkt wants up because it can't seem to sell dn.....imo
[10:20] {patience} i agree, down for part of the day ending green
[10:21] {Threei} (EU) ECB's Gonzalez-Paramo: Feels Spain has some issues that must be resolved
[10:21] {RonS} ...watching cmg on this ruling...
[10:22] {dino} rst drop
[10:24] {Threei} no go X
[10:26] {Threei} not delighted with today
[10:26] {Threei} a few too many small stops
[10:30] {nemo} vrtx
[10:31] {samire} looking for a short on vrtx ?
[10:31] {samire} or long ?
[10:31] {nemo} short, already broke
[10:31] {nemo} retracement to .80 I'd pick it up
[10:31] {samire} i agree
[10:32] {nemo} she probably won't stop until around .30
[10:36] {nemo} mum's eating not sharing with the kids
[10:40] {Threei} (GR) IMF: Affirms cannot lend without financial assurances from EU partners on the Greece loan program
[10:40] {Threei} - Discussions in Greece will center around fiscal adjustments and ensuring no financing issues
[10:41] {dino} greece getting ready to say f u and drop the euro imo
[10:41] {Threei} very much so
[10:41] {patience} absolutely dino
[10:41] {Threei} and whole EU faints of the very thought of such development
[10:41] {Threei} because that's the beginning of the end
[10:42] {Threei} for whole lot of people who built their entire life around this construct
[10:42] {dino} if greece goes, then ireland, etc, dominos
[10:43] {patience} i don't think if, i think when
[10:43] {dino} agree w/ya
[10:43] {Threei} funny... for years I was talking about EU and Euro as dead man walking, and was laughed at
[10:44] {Threei} now it's common kniowldege
[10:44] {Threei} when China Ponzi scheme collapses, I will have the chance to say told ya so one more time
[10:46] {dino} csc blood
[10:46] {ese} ya
[10:46] {ese} been wathing that one
[10:46] {dino} rst too
[10:47] {ese} haven't been watching that one
[10:47] {nemo} US is a ponzi scheme too
[10:48] {Threei} yes
[10:48] {nemo} buy more bullets
[10:49] {Threei} but US is ummm... let's call it less worst of bad choices
[10:53] {Threei} some strange disconnects keep me at bay
[10:53] {Threei} but overall, feels to me like short is the way to go
[10:53] {Threei} and market is getting ready to plunge
[10:55] {dino} not so sure, everything feels a bit off
[10:56] {Threei} what do we do when we are not sure?
[10:56] {dino} sit
[10:56] {Threei} we make beer bets
[10:56] {Threei} I bet of drop
[10:56] {dino} ahh yes, indeed
[10:56] {Threei} on
[10:56] {Threei} :)
[10:57] {dino} i bet up
[10:57] {Threei} cool... larisa?
[10:58] {davd} drops to 1312 and bounces up from there
[10:58] {Threei} hmmm... such precision
[10:58] {Threei} OK... , drops and doesn't bounce
[10:59] {Threei} ends day at the low
[10:59] {Threei} and gaps down tomorrow
[10:59] {Threei} how's that? :)
[10:59] {Threei} more than that - whole selling today is not just sdelling, it's a mini-crash
[10:59] {davd} you see, with my prediction i will at least be 1/2 right
[11:00] {Threei} I am just not sure what stock I can use to follow that
[11:00] {Threei} maybe better to go with inverse etf
[11:00] {dino} ebs
[11:00] {Threei} TZA id the first thing that comes to mind
[11:00] {rizvisy1} ERY too
[11:02] {Threei} well, seems like early entries on both are right here
[11:02] {Threei} with stops for TZA under .90 - .95
[11:02] {Threei} ERY under .10
[11:03] {Threei} neither is a scalp
[11:03] {Threei} mini-crash is happens means a lot of potential for both
[11:04] {Threei} although volatility will be there... so let's partial and protect outselves
[11:05] {Threei} for TZA, first partial would be around .25 - .30
[11:05] {Threei} for ERY, .35-.40
[11:05] {Threei} and if they hit stops, then I am wrong about whole thing
[11:06] {Threei} just praying that they don't pull the most disgusting trick of all - rinse us out, then proceed to do just what I call
[11:07] {Threei} Microsoft Corp CEO: Google has had a failed approach to tablet PCs so far, MSFT is working on a "unique" tablet product, to announce new tablet plans soon - US financial press
[11:07] {Threei} - Looking at putting internet-based communications on phones following Skype acquisition
[11:07] {Threei} - Software piracy continues to limit revenue potential in China
[11:07] {Threei} - FY11 rev in China expected at about 5% that of US revenue. China could be a big market if its antipiracy efforts get to the same level as those in India.
[11:09] {Threei} ev in China expected at about 5% that of US revenue... heh
[11:09] {dino} bid sm l .99
[11:15] {Threei} come on already SPY
[11:15] {Threei} enough games
[11:17] {Threei} no worky
[11:18] {Threei} oh well
[11:21] {davd} ffiv break .4
[11:21] {davd} inval
[11:41] {samire} test
[11:48] {dino} out bid .30, +.31
[11:50] {dino} back in 30 or so
[11:50] {RonS} kinda cool...http://tinyurl.com/3sn4ekq
[11:55] {Threei} we are just bulbs in a giant lava lamp
[12:00] {Threei} Short Setup: RIMM .40 break
[12:00] {Threei} if stays under .45
[12:01] {Threei} Google Inc Formally announces electronic wallet service, to partner with Citibank and Mastercard
[12:01] {Threei} v
[12:02] {Threei} may get hit on that...
[12:02] {Threei} although could be old news, was in discussion for a while
[12:03] {nemo} that's probably why V dropped today
[12:10] {RonS} oh jf?...
[12:11] {RonS} war cry please...
[12:14] {Threei} for what stock?
[12:14] {RonS} i know it invalidated but i shorted rimm at .40 break
06[12:15] * Threei slaps jfjf64 around a bit with a request for the war cry on RIMM
[12:17] {RonS} bummer
[12:17] {Threei} I guess he is in coma
[12:21] {RonS} this market in coma
[12:22] {RonS} ah well...out +.03...no edge
[12:23] {samire} test
[12:23] {patience} abx moving, gg and uxg which im currently in, moving as in slowly
[12:29] {dino} .
[12:30] {Threei} looks like I am sending beer to dino today
[12:31] {dino} cold please
[12:37] {Threei} RIMM is calling you Ron... don't pick up the phone unless you want to hear evilish laughter
[12:37] {dino} it's so slow may scanner is barely moving
[12:37] {dino} my
[12:41] {samire} Vad...can you open private chat with me ...i have a question
[12:41] {dino} this action is so dead, i am taking tomorrow off
[12:41] {Threei} done
[12:41] {Threei} hmm
[12:41] {dino} more exciting mowing the lawn
[12:42] {Threei} I dunno dino... mornings are active
[12:42] {dino} tomorrow? nah, not for my style. not before the holiday
[12:48] {dino} see even ese is sleeping
[12:49] {dino} afl to .30
[12:50] {Threei} (GR) EU's Juncker Spokesperson: EU and IMF mission will be convinced by the new measures from Grece and the June aid tranche will have no issues
[12:51] {dino} out .34, +.35
[12:52] {dino} cm to .20
[12:52] {dino} out .21, +.21
[12:53] {ese} still hangin in there with sify......not doin much
[12:54] {dino} dumb mistake cm, stop should've been .19, not a zero
[12:54] {davd} l faz .8
[12:55] {dino} altho cm now drops more
[12:57] {dino} can you believe only 49 contestants for ms usa contest?
[12:58] {dino} no girl wanted to be ms idaho
[12:59] {Threei} hmm
[12:59] {Threei} why? it's lost on me
[12:59] {patience} ok, you made me laugh while i was doing shoulder presses with weights
[12:59] {dino} ;)
[13:00] {dino} 2:00 pm i do sdets of bowflex patience
[13:01] {patience} afternoon market plays are perfect for doing my weights
[13:06] {dino} same here
[13:18] {Threei} wow
[13:18] {Threei} no news
[13:25] {RonS} Joplin Mo devastation: http://tinyurl.com/3b3jalj
[13:30] {dino} hrl to 58
[13:31] {RonS} off by $30 dino
[13:33] {dino} to .58, lol
[13:33] {Threei} lol
[13:40] {rizvisy1} rimm
[13:48] {dino} to .64
[13:50] {RonS} now .72...hrl = spam trade
[13:50] {Threei} OK... is it time for the market to reverse finally?
[13:50] {RonS} not according to the .vix...
[13:50] {RonS} although eur slipping...
[13:51] {Threei} I am going to try TZA .85
[13:51] {dino} lol hrl=spam
[13:52] {Threei} I have been considerably wrong today, will be just one more time
[13:53] {Threei} (LB) Libya's EU ambassador has defected
[13:53] {ese} i'll see ya all tomorrow.....sify is not really doing anything it'll be up end of day or i'll hang onto til tomorrw...gotta teach choir
[13:53] {Threei} take care ese
[13:53] {Threei} teach them good
[13:53] {dino} cya es
[13:54] {Threei} my stop is under .70, and target is about 36.20
[13:54] {Threei} maybe more but will reevaluate when/if we get there
[14:03] {Threei} IMF: Sees $160B in external financing needs for Middle Eastern, North African oil importing nations in the 2011-13 period
[14:03] {Threei} - Sees Egypt's fiscal financing needs around $9-12B in FY11-12.
[14:03] {Threei} - IMF can provide $35B available to Middle East, North African nations.
[14:03] {Threei} who iwll provide 125B more?
[14:06] {RonS} hrl to .83...moves more than tza...lol
[14:08] {dino} to .84 hrl
[14:08] {Threei} it's all jf's fault
[14:08] {Threei} we get no chants, no war cries
[14:08] {Threei} no one is doing victory dance
[14:08] {Threei} or rain dance
[14:09] {dino} always jf's fault
[14:09] {rizvisy1} I believe it is pure scalpers day..
[14:09] {patience} today i seem to be working for my broker, well sometimes they need a turn
[14:10] {RonS} never met a pure scalper...
[14:10] {rizvisy1} I said for the day....
[14:10] {dino} ironically, for my earlier complaining, i am 4 for 4 today
[14:11] {Threei} lol
[14:11] {dino} hrl to .88
[14:11] {Threei} come on Ron... put a scalper under the shower, he will be pure for 10 min
[14:13] {Threei} ok, it's officially non-salvageable day
[14:15] {dino} out hrl .90, +.36
[14:15] {dino} calling it a day and a week. thats all, good times
[14:16] {Threei} have fun dino, see you tuesday
[14:16] {RonS} cya dino
[14:16] {dino} :D
[14:35] {RonS} riz, did you play rimm long?
[14:36] {rizvisy1} rimm
[14:37] {rizvisy1} I shorted it at .30
[14:37] {rizvisy1} rimm
[14:37] {rizvisy1} at Vad call
[14:38] {rizvisy1} I mean covered at .30, it took at while to hit there
[14:43] {jfjf64} i see my name jf
[14:43] {jfjf64} what i miss
[14:44] {Threei} nothing much, we just designated you a main person to balme for all today's faults
[14:44] {Threei} blame
[14:44] {jfjf64} ahh
[14:45] {Threei} in the room... in country... in the world...
[14:45] {RonS} and watching dino bank coin...
[14:49] {jfjf64} slw
[14:49] {jfjf64} milk trade coming
[14:49] {jfjf64} same yest
[14:49] {jfjf64} lol
[14:49] {Threei} well, the problem is, I can't get a reliable feel for market direction
[14:50] {jfjf64} tthat cd be problem
[14:50] {Threei} I can't go long SLW, it's just not right here
[14:50] {Threei} but market stubbornly refuses to reverse
[14:52] {Threei} if you ask my personal biased view,
[14:53] {Threei} I see SLW dropping hard, possibly retesting day's low
[14:53] {jfjf64} hmm
[14:53] {Threei} but one thing is to have a view and another - to subject you to a call based on it but not supported by previous day's development
[14:55] {jfjf64} short into bounce
[14:56] {jfjf64} hmm
[14:56] {jfjf64} where the bounce
[14:58] {jfjf64} .11 short
[14:59] {jfjf64} .26 stop
[15:00] {jfjf64} caal this bored play
[15:05] {RonS} bored yet?
[15:06] {jfjf64} .13
[15:06] {jfjf64} gettin some where
[15:07] {jfjf64} ohh yeah
[15:13] {Threei} wow
[15:13] {Threei} 5 cets
[15:13] {Threei} cents
[15:18] {jfjf64} lol
[15:22] {samire} it is difficult market to trade
[15:23] {rizvisy1} I agree there
[15:24] {RonS} rimm classic...load in shorts and squeeze 'em
[15:24] {nemo} It's likely to be summer trading, unless this sovereign risk shit blows everthing up
[15:26] {Threei} that feels to be the case
[15:27] {Threei} I don't think this summer will be calm and sleepy
[15:28] {nemo} I'm off...P&Q
[15:28] {Threei} take care nemo
[15:28] {nemo} you said that last summer
[15:28] {nemo} Why don't you make a hurricaine prediction...
[15:29] {Threei} we had great summer
[15:29] {nemo} it wasn't wild and crazy though
[15:29] {Threei} whatyever... you wamnted to go I thought?? :)
[15:29] {nemo} byeeeeeee
[15:42] {Threei} jf, a few min more and this narrowing triangle on SLW will come to trding in .00001 oof a cent
[15:42] {jfjf64} ty
[15:44] {RonS} lol...ty
[15:44] {RonS} giddy w/ boredom...
[15:45] {jfjf64} comon
[15:45] {jfjf64} 36.00
[15:45] {RonS} dyeeeeeeeee....
[15:45] {jfjf64} lol
[15:46] {jfjf64} mkt is
[15:46] {RonS} that be the stain of frustration...
[15:48] {jfjf64} comonnnnnnnnnnnnnnnnnnnnnnn
[15:48] {Threei} hey
[15:48] {Threei} it works
[15:50] {jfjf64} out
[15:50] {jfjf64} funny
[15:50] {Threei} OK
[15:50] {Threei} I take it as permission to leave
[15:50] {jfjf64} see all tommorrow
[15:50] {Threei} have a great evening, see you tomorrow
[15:50] {patience} ty vad
