Wednesday, June 1, 2011

Jun 01 2011

Another very strong day with plenty of wins (mostly on a short side, not surprisingly) and two small stops on half lot each.

Session Time: Wed Jun 01 00:00:00 2011
[09:07] {ese} morning
[09:07] {Threei}  ese :)
[09:10] {RonS} gm...short squeeze candidates...hcp w/ 23.2 mil sh short, dakt w/ 2.1 mil sh short
[09:11] {Threei}  ron :)
[09:11] {Threei}  read this guys (Ron especially, as he is a Greece news junkie)
[09:11] {Threei}  Considered certain that IMF will not pay its share of fitfh tranche to Greece at June end - German press
[09:11] {Threei}  - Article noted that with Greece obviously unable to return to markets next year, as originally planned and stated that there were only three options.
[09:11] {Threei}  - The first is Greece is officially declared bankrupt, which clearly no one wants at this stage.
[09:11] {Threei}  - The second is the EU pays the IMF's tranche, which is hardly a sustainable solution.
[09:11] {Threei}  - The third and most likely option is a fresh aid package
[09:11] {Threei}  - Participation of the IMF is envisioned in a new program for Greece, aid in the amount of 60-70B
[09:11] {Threei}  - EU share of new plan will come by way of EFSF
[09:11] {Threei}  - Extension of maturities was considered; bonds maturing 2012-14 possible 3-year extension; extension undecided though would be voluntary
[09:11] {Threei}  - EU/IMF deal may limit state pension benefits, state-sector employment
[09:15] {rizvisy1} gm all
[09:15] {Threei}  riz :)
[09:17] {RonS} stunning:  Cisco (CSCO) predicts that the number of network-connected devices will be more than 15 billion, twice the world's population, by 2015. In the fifth annual Cisco Visual Networking Index Forecast (2010-2015) released, the co also said the total amount of global Internet traffic will quadruple by 2015 and reach 966 exabytes per year.
[09:18] {nemo} wtf...where all dead in 2012
[09:18] {nemo} minor detail
[09:19] {RonS} The unit symbol for the exabyte is EB. When used with byte multiples, the unit indicates a power of 1000:
[09:20] {Threei}  exabytes... I don't even have a concept for that
[09:20] {RonS} 1 EB = 1,000,000,000,000,000,000 B = 1018 bytes = 1 billion gigabytes = 1 million terabytes
[09:20] {Threei}  anything exceeding number of fingers on my two hands is beyond my comprehension
[09:21] {Threei}  I am very, umm, _pragmatic
[09:22] {_pragmatic} :(
[09:24] {Threei}  why does it upset you... the more pragmatic ones in the world the better world is, IMO
[09:26] {Threei}  targeting SLW and X as first shorts
[09:26] {Threei}  sorry, not X
[09:26] {Threei}  RIMM
[09:26] {Threei}  looked at wrong chart
[09:27] {jfjf64} mornin
[09:27] {Threei}  jf :)
[09:29] {dino} gm all
[09:29] {Threei}  dino :)
[09:29] {jfjf64} dino
[09:30] {dino} :)
[09:30] {Threei} Short Setup: SLW  .50 break
[09:31] {Threei}  stop above .60 for scalpers, .65 day traders
[09:32] {Threei}  RIMM got away, thought .40 break but happened too fast
[09:32] {Threei}  1:1 scalpers
[09:32] {Threei}  1:1 day traders
[09:32] {Threei}  frikin RIMM
[09:33] {Threei}  let me reiterate that
[09:33] {Threei}  FRIKIN RIMM
[09:33] {jfjf64} out slw
[09:34] {jfjf64} ty
[09:34] {Threei}  yw
[09:34] {Threei} Long Setup:  RIMM  .90 break
[09:34] {Threei}  if holding .80 of course
[09:35] {nemo} dead man walking
[09:35] {jfjf64} yep
[09:35] {Threei}  .86 break
[09:35] {Threei}  if holding .75
[09:35] {nemo} frickin fcx
[09:36] {Threei}  1:1
[09:38] {Threei} Long Setup:  SLW  .50 break
[09:38] {Threei}  invalidated for now
[09:40] {Threei} Long Setup:  SLW  .45 break
[09:40] {Threei}  stop under .35
[09:41] {Threei}  aggressive entry for actual trigger, .50
[09:41] {Threei}  1:1
[09:47] {RonS} 10 yr treas at 3.01%
[09:47] {RonS} 3.001
[09:48] {Threei} Short Setup: X  .55 break
[09:48] {RonS} 2.999
[09:48] {Threei}  two sided setup
[09:48] {Threei}  half lot on a long side
[09:48] {Threei}  SLW 1:2
[09:49] {Threei}  out in full SLW
[09:49] {Threei}  not feeling comfortable sitting in it long for so long
[09:50] {nemo} lnkd having a bad day
[09:50] {RonS} ism in ten
[09:50] {Threei}  no go X
[09:50] {Threei}  3 for 4, and stop is on half lot
[09:51] {Threei}  and I haven't even had breakfast yet
[09:52] {gregns} remind me never to trade X  !!! it never works for me
[09:53] {Threei}  good exit on SLW
[09:53] {gregns} SLW drop same setup for SLW again?
[09:54] {Threei}  no... doesn't looks right to me
[09:54] {gregns} ok ty
[09:55] {RonS} look lvs
[09:55] {Threei}  impressive
[09:56] {davd} report at 10?
[09:56] {Threei}  yes, and:
[09:56] {Threei}  Euro vs US Dollar FX chatter of a weaker ism manufacturing circulating with a sub 55 reading mentioned
[09:56] {RonS} For a fourth consecutive month, casinos in Macau have set a record for monthly gross gaming revenue
[09:56] {Threei}  (EU) ECB's Trichet: Sanctions for countries that break their fiscal commitments are badly needed
[09:56] {davd} so if above 55 - pop?
[09:56] {RonS} The total casino gross gaming revenue for the first five months of 2011 was up 43.1 percent year-on-year to MOP103.3 billion.
[09:57] {dino} josb gap 48.75 area
[09:57] {Threei}  Trichet, news for you: they are on a brink of qwuitting your union as it is
[09:57] {ese} stalking DAKT
[09:58] {Threei}  see SLW greg?
[09:58] {Threei}  would have been a trap on long side
[09:58] {gregns} sure enough, thks
[10:00] {Threei}  *(US) MAY ISM MANUFACTURING: 53.5V 57.1E;
[10:01] {Threei}  PRICES PAID: 76.5 V 81.8E
[10:02] {Threei}  what a smackdown
[10:08] {dino} cbd sm l .74
[10:09] {Threei} Long Setup:  X  .40 break
[10:09] {Threei}  half lot
[10:09] {Threei}  except greg
[10:09] {gregns} ty for keeping and eye on me
[10:09] {Threei}  :)
[10:09] {Threei} Long Setup:  FCX  51 break
[10:10] {nemo} stop .20 on x?
[10:10] {Threei}  .25
[10:11] {Threei}  out'
[10:12] {Threei}  greg may be right
[10:12] {Threei}  selling picks up
[10:13] {Threei}  LVS is holding well
[10:13] {dino} yesterday gaps 12441, 2336
[10:13] {ese} dive dive dive.......spyders tanking on me
[10:14] {ese} alright which one of you hedge fund owners started selling ehhhh?
[10:16] {dino} :D
[10:16] {Threei}  ugh
[10:16] {Threei}  missed LVS
[10:16] {dino} gut still says buy the dips
[10:17] {Threei}  .60 was trigger...
[10:17] {ese} yup
[10:18] {jfjf64} lost  power
[10:18] {dino} bap sm l .00
[10:19] {dino} sm l bap .55 thinny
[10:19] {dino} not bap, vhi
[10:20] {ese} whoa......thats the thin of thins dino
[10:20] {ese} vhi
[10:22] {dino} yeah, was hiting it yesterday, odd one
[10:22] {Threei}  grrrrrr
[10:23] {Threei} Short Setup: FCX  .60 break
[10:23] {dino} frc watch
[10:23] {Threei}  not a scalp
[10:24] {Threei}  targets are .45, .30 and .15
[10:24] {Threei}  out first portion
[10:24] {Threei}  stop .65
[10:25] {gregns} could you have mentioned those targets a moment earlier ?
[10:25] {Threei}  sorry...
[10:25] {gregns} partially kidding
[10:25] {Threei}  I know...
[10:26] {Threei}  sometimes they are clear prior the trade triggers,
[10:26] {Threei}  sometimes they come to me as trade develops
[10:26] {gregns} so things come to you ?? hmmmm
[10:26] {Threei}  I do my best to share thoughts as they come but sometimes I am a slow thinker
[10:27] {jfjf64} out
[10:27] {jfjf64} ty ty
[10:27] {Threei}  and considering how rarely I think at all, you can imagine the percentage...
[10:27] {jfjf64} vmw
[10:27] {Threei}  double lot jf?? :)
[10:27] {Threei}  yes greg, and I also hear voices
[10:27] {jfjf64} n
[10:28] {gregns} oh my, now i am more concerned than before....
[10:28] {gregns} ok here we go to next target
[10:28] {Threei}  hmmm... are you in cahoots with my shrink? his exact words...
[10:29] {Threei}  second target hit
[10:29] {Threei}  out another partial
[10:29] {gregns} out , ty only had a tad left
[10:29] {jfjf64}   fcx  nice  read  3i
[10:29] {Threei}  :)
[10:33] {ese} L dakt .50
[10:36] {RonS} zagg ese?
[10:37] {ese} have that on my radar as well
[10:37] {Threei}  FCX baby
[10:37] {Threei}  out in full
[10:38] {ese} couldn't find anywhere to get in ron
[10:38] {gregns} well golly, i am happy for you'all !
[10:38] {Threei}  that's the spirit
[10:38] {ese} yes sir....keep that up
[10:38] {nemo} golly gee whillikers
[10:38] {nemo} that's alright I missed it
[10:39] {Threei}  and this is exact words of my parole oficer when he catches me and my shrink drinking together
[10:39] {Threei}  just before he joins us
[10:39] {nemo} told you to leave the little furry animals alone
[10:39] {ese} lol
[10:39] {ese} ouuuuuuuu
[10:40] {Threei} Short Setup: SLW  .20 break
[10:41] {Threei}  invvalidated
[10:41] {Threei}  weird spike
[10:42] {RonS} took cbd .60 to 39.05  +.45   thanks dino
[10:42] {Threei}  wtg guys
[10:43] {dino} gj ron
[10:44] {jfjf64} gld
[10:44] {jfjf64} wow
[10:44] {jfjf64} vmw
[10:45] {Threei}  yes, both GLD and SLW
[10:45] {jfjf64} ignor  vmw
[10:45] {Threei}  probably some new development with EU
[10:45] {jfjf64} sorry
[10:45] {Threei}  making PMs a safe haven
[10:46] {Threei}  (US) US Treasury affirms borrowing authority will be fully exhausted by Aug 2
[10:46] {Threei}  - Again urges Congress to take action to raise the debt limit in a timely fashion.
[10:46] {Threei}  I see no news for these spikes
[10:46] {Threei}  but they tell me to stay away from shorting SLW and GLD for now
[10:47] {jfjf64} who
[10:47] {jfjf64} ??
[10:47] {jfjf64} you  drinkin
[10:47] {Threei}  spikes
[10:47] {Threei}  and voices
[10:48] {dino} drops i see
[10:48] {Threei}  (GR) Greece private union has called for strikes on June 15 to protest austerity measures
[10:48] {jfjf64} oh boy
[10:48] {Threei}  private union?
[10:48] {jfjf64} and  you  driving  ship
[10:48] {Threei}  arenb;t you feel lucky to be on board?? :)
[10:48] {Threei}  feeling
[10:49] {jfjf64} you  alright
[10:49] {jfjf64} !!!!!
[10:50] {jfjf64} time  4  p& j    starving
[10:50] {Threei}  the only regret I have at this point is deciding to stay away from TZA at 34
[10:50] {nemo} I took 34.11
[10:51] {Threei}  and didn't share?
[10:51] {Threei}  tsk tsk tsk
[10:51] {ese} love the way dakt is moving opposite the mrkt right now....thing of beauty
[10:51] {nemo} don't worry, missed most of your calls
[10:51] {ese} market ever turns in my favor????    look out
[10:52] {Threei}  serious selling pressure
[10:52] {dino} ese look vhi
[10:52] {ese} whoaaaa
[10:53] {dino} out vhi .45, +.90
[10:53] {ese} nice......
[10:53] {Threei}  lol, the spread on that thing
[10:53] {ese} really nice......your the man with the thinner than thin
[10:53] {dino} fun stuff
[10:53] {Threei}  I'd need a monthly stock of diapers to ytrade that
[10:54] {ese} count me in there vad
[10:54] {dino} it would pay you for them
[10:54] {Threei}  hehe
[10:54] {Threei}  NOK
[10:54] {dino} frc wants up
[10:55] {Threei}  Nokia Ab OY Hearing renewed chatter circulating about possible sale of mobile segment to MSFT
[10:56] {gregns} c & h on SLW ?
[10:57] {Threei}  kind of , yeah... I am not really fond on playing it
[10:57] {Threei}  this bounce in SLW and GLD is not a natural technical development
[10:58] {Threei}  thus I have hard time trusting technical formations on them
[10:59] {davd} rumor nok being bought
[11:00] {Threei}  hello davd
[11:00] {Threei}  if you would be so kind to take me off ignore...
[11:00] {dino} frc sm l .24
[11:04] {ese} out dakt .73 +.23 with a K and a 1/2 works for me
[11:04] {dino} gj
[11:04] {ese} tks.........not as much nerve required as a vhi
[11:06] {dino} for -140, not very big individual stock drops
[11:06] {dino} lol ese, i only had 400
[11:07] {ese} still doin stocks with spreads big enough that you can run a Mack truck through is nerve racking
[11:08] {ese} ya got nerves of steel there buddy
[11:09] {RonS} that magoo term sticks in my head...hooker spread...
[11:10] {dino} lol
[11:10] {ese} lol
[11:12] {Threei}  68% Say Bank Bailout Money Went To Those Who Caused Meltdown
[11:12] {Threei}  oh good, they are catching up
[11:13] {Threei}  no, they are not:
[11:13] {Threei}  64% Say Government Hasnt Been Tough Enough On Wall Street
[11:13] {Threei}  they still think government is good guys in all this, not realizing that government caused the problem in a first place
[11:14] {dino} meli spike
[11:14] {Threei}  wow... first time balance tipped to this side:
[11:14] {ese} more specifically the goof ball who was in charge before Ben Bernake
[11:14] {Threei}  Generic Republican Candidate 45%, Obama 43%
[11:14] {Threei}  more than that ese
[11:15] {RonS} ...must be a msft buyout rumor...will wait for dave to confirm...
[11:15] {Threei}  think barney frank and whole cohort that created whole concept of making housing affordable for everyone
[11:15] {Threei}  thus creating CRA,
[11:15] {ese} ya ...thats the guy
[11:15] {Threei}  then FNM and FRE
[11:16] {Threei}  then putting AIG behind them
[11:16] {RonS} the problem is that the republicans cannot run a generic candidate
[11:16] {Threei}  thus creating multilayered system encouraging and supporting unsustainable borrowing
[11:16] {Threei}  lol Ron, exactly
[11:17] {Threei}  now they all point fingers at banks
[11:17] {Threei}  in hope that their role as creators of the system will be forgotten
[11:17] {Threei}  or not understood
[11:17] {Threei}  and what do you know... it works
[11:18] {RonS} well...this is the land of OZ...
[11:19] {RonS} ...where the emperor has no clothes...just look at Weinergate...
[11:21] {dino} you are correct 3i
[11:21] {dino} govt created problem, public too dumb to understand it
[11:22] {RonS} “Investors should prepare themselves for a third round of quantitative easing, Simon Maughn, co-head of European equities at MF Global, told CNBC Wednesday.
[11:22] {RonS} “The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” said Maughn. “The bond markets are all smarter than us, and that’s exactly what the bond markets are telling me.”
[11:22] {dino} well, one things for sure, no tightening w/those ump #s
[11:23] {RonS} 10 yr 2.975
[11:23] {dino} cbd out .19, +.44
[11:23] {RonS} gj
[11:23] {dino} ty
[11:24] {Threei}  so let's get it straight
[11:24] {Threei}  economy fainted,
[11:24] {Threei}  they launched QE
[11:24] {Threei}  economy weakened more
[11:24] {Threei}  they launched QE2
[11:24] {Threei}  economy weakened more yet
[11:25] {Threei}  they are considreing launching QE3
[11:25] {Threei}  ok, makes sense now
[11:25] {RonS} that's why they call it crack....the pity is that the Japanese did exactly this that lead to a decade od stagnation
[11:25] {RonS} of
[11:26] {dino} they are trying to inlate it away
[11:26] {Threei}  frikin imbeciles, concerned only about preventing total collapse on their wwatch, no matter what happens down the road
[11:26] {dino} exactly, they get thrown out if deflation wins. salvation thru inflation
[11:28] {dino} and, they do not care about down the road. thats been proven for decades
[11:28] {RonS} lol...Many of you may not know that today is officially National Running Day
[11:28] {Threei}  Running from what?
[11:29] {dino} responsibility
[11:29] {RonS} run Forrest run...
[11:29] {Threei}  hehe
[11:29] {Threei}  greg, that C&H on SLW would have worked
[11:29] {gregns} i got a bit of it
[11:29] {Threei}  cool, wtg
[11:30] {dino} gj
[11:30] {Threei}  when they announce national crawling day, please let me know
[11:30] {Threei}  I may join
[11:30] {RonS} lol
[11:48] {RonS} bap v sm l .40
[11:49] {RonS} atr from yest +.20  fwiw...
[11:50] {RonS} also in frc .18...gotta target on this turkey dino?
[11:52] {nemo} LVS?
[11:53] {dino}  3333
[11:53] {Threei}  don't see anything on it... drifting aimlessly
[11:53] {nemo} 666
[11:53] {dino} around 33 area ron
[11:55] {RonS} order in at 32.90
[11:56] {RonS} bap in at 98.90
[11:56] {dino} then i go to .89
[11:57] {dino} 98.40
[11:57] {RonS} np...doesn't seem to matter on these stocks, really
[11:58] {dino} vhi continued w/o me
[11:58] {dino} cbo too
[11:58] {dino} cbd
[12:00] {RonS} fwiw...najarian quote: "it's best to leave some on the table for the next guy"
[12:01] {dino} fortune favors the bold
[12:01] {RonS} oh boy...
[12:01] {dino} ;)
[12:01] {nemo} o.k. you take point dino
[12:01] {RonS} lol
[12:01] {Threei}  you sure it's bold? I always thought it was bald..
[12:01] {dino} altho, my favorite, jesse livermoore, when you get lucky, get out
[12:02] {Threei}  and felt I had an edge
[12:02] {RonS} 'specially if it's a double bagger...
[12:03] {RonS} one for for her's...
[12:03] {dino} wtf vhi
[12:04] {RonS} msft buyout rumor...
[12:04] {RonS} :D
[12:06] {Threei}  new wave of selling
[12:06] {Threei}  no news
[12:07] {davd} spy 50dma is 133.04
[12:08] {Threei}  (EU) ECB's Stark: ECB is giving consideration to more rate hikes - financial press
[12:08] {Threei}  - A Greek bond rollover would not be the same as default
[12:08] {Threei}  - If debt rollover is not seen as a default, it may be a way of involving the private sector in financing Greece.
[12:08] {Threei}  {private sector} you must be drunk
[12:13] {Threei}
[12:13] {Threei}  this may be what causing all this selling
[12:17] {RonS} funny in sick way...since when does anyone in government follow the law?
[12:17] {nemo} I was thinking the same thing
[12:18] {dino}  ditto
[12:18] {Threei}  well, yes, but this case has some meaning,
[12:18] {Threei}  simply because next aid package must got through confirmation process
[12:19] {Threei}  and if this guy is correct, it may get rejected
[12:37] {Threei}  (US) Debt discussions between Congressional parties scheduled for June 9- US VP Biden again to host the discussions
[12:37] {Threei}  yes, he is the right guy
[12:39] {_pragmatic} SLW [.65-.75] +0.10
[12:39] {Threei}  all on yor own?
[12:40] {Threei}  all grown-up... (happy tears on my eyes)
[12:40] {_pragmatic} y
[12:40] {_pragmatic} lol
[12:40] {Threei}  :)
[12:40] {nemo} let me help you clean them with some bleach
[12:40] {Threei}  hmmm... no sand paper??
[12:40] {Threei}  you are slipping...
[12:40] {_pragmatic} hard to find the boundaries, when to sell and when to hold
[12:41] {_pragmatic} the fear causes ealier profit taking
[12:42] {Threei}  well, to be fair,
[12:42] {Threei}  it's a lunch time
[12:42] {Threei}  which is better suited for scalping
[12:43] {Threei}  now, if during active time I call for a milk trade and 1:7 ultimate target,
[12:43] {Threei}  and yo find yourself unable to hold beyind 1:1, you have a problem
[12:45] {RonS} out bap .55 +.15  ...had no feakin idea this was a Peruvian bank...
[12:45] {Threei}  who cares
[12:45] {Threei}  they all are just symbols
[12:45] {Threei}  letters with no meaning behind them
[12:46] {Threei}  had this joke many years ago, born during days of anthrax scare
[12:46] {RonS} w/ socialist/communist even in the polls for a Prez election sunday...
[12:46] {Threei}  some small stocks were popping up on various "news" of getting involved,
[12:46] {Threei}  one of them turned out to be a small welding company
[12:47] {Threei}  that put out press release saying:
[12:47] {Threei}  we install antrax-scanning devices
[12:47] {Threei}  meaning, weld them to the wall
[12:47] {Threei}  stock doubled of course, before collapsing
[12:48] {Threei}  AARK I think was the symbol
[12:48] {Threei}  AATK
[12:48] {Threei}  so, the standing joke in the room for a long time was: they all are welders
[12:58] {RonS} out frc .95 -.23 frc it...
[12:59] {dino} me too ron
[13:01] {rizvisy1} .
[13:02] {dino} ggs
[13:06] {nemo} GDX
[13:14] {RonS} oil futes just broke 100
[13:15] {Threei}  PIMCO's El Erian: Not expecting to see any "QE3" program as there would be too many unintended consequences - CNBC
[13:15] {Threei}  - Damage created by QE3 would be greater than benefits.
[13:15] {Threei}  - PIMCO remains underweight USTs due to US fiscal situation, world is starting to worry about US debt issues.
[13:19] {dino} amtd sm l .50
[13:20] {patience} .
[13:25] {dino} jnpr drop
[13:26] {dino} sm l .50
[13:26] {RonS} hearing $JNPR ceo made cautious comments at bank of america merrill lynch technology conference.
[13:27] {dino} out .30, +.80
[13:28] {dino} hmmm
[13:28] {RonS} caught jnpr .64 to 34.09  +.45  thanks dino
[13:28] {dino} gj ron, had a feeling you were riding along
[13:29] {dino} dropping again
[13:30] {RonS} could be an ongoing short somewhere w/ 2oo day ma at 36
[13:30] {RonS} 200
[13:31] {dino} ffiv drop
[13:32] {davd} drop is an understatement
[13:33] {RonS} crm short on 147 break?
[13:33] {dino} bap to .97 tired of it
[13:33] {Threei}  not my cup of tea Ron
[13:34] {RonS} just saying something else is going to crap the bed...
[13:35] {dino} wow dropped stopped and bouinced
[13:48] {RonS} look cien
[13:51] {dino} all dropping w/jnpr
[14:03] {ese} hey me mr side tracked
[14:04] {ese} gotta go anyhow.....see you all tomorrow
[14:04] {Threei}  take care ese
[14:06] {dino} cya
[14:13] {Threei}  new wave of selling seems to come
[14:28] {RonS} qid l 50.50 break?
[14:29] {Threei}  or TZA .50 break
[14:29] {Threei}  bth are valid ways to play breakdown
[14:31] {Threei}  TZA QID 1:1
[14:33] {dino}  filled both of yesterdays gaps, next 12086, 1279, 2221
[14:33] {Threei}  and it doesn't look anywhere near over
[14:34] {dino} seriously cpnsidering stopping amtd -.05 and calling it a good day
[14:34] {nemo} gus 82.69 is weekly pivot on IWM so this is a big level for tna/tza
[14:35] {nemo} guys
[14:35] {Threei}  oh
[14:35] {dino} lol
[14:35] {Threei}  I was wadnering who you were calling gus
[14:37] {nemo} .30 was your breakout level for spy last THur
[14:39] {dino} lol, look at the three of our spelling errors
[14:39] {RonS} nq futes tagged yest low and trying to reverse
[14:39] {Threei}  I will produly consider it my fault, dino
[14:40] {Threei}  my typing skills are highly contagious
[14:40] {Threei}  I type with my finds... knees... elbows...
[14:40] {Threei}  fins
[14:40] {dino} lol
[14:40] {dino} josb lod
[14:42] {dino} meli gave back about 4 pts
[14:43] {Threei}  QID 1:2
[14:45] {dino} gj
[14:49] {dino} shocking
[14:49] {dino} now greece will complain its the ratings agencies fault they have problems
[14:50] {Threei}  yup
[14:50] {Threei}  tail wags the dog
[14:50] {Threei}  or is it wag dogs the tail?
[14:50] {dino} meli sm l .25
[15:03] {dino} out meli .65, +.40
[15:04] {RonS} gj
[15:05] {dino} ty
[15:09] {gregns} .
[15:10] {dino} amtd to .45
[15:14] {dino} out amtd .47 -.03
[15:15] {dino} calling it a day. thx all for ideas, good time
[15:15] {RonS} cya dino
[15:15] {dino} gj today ron
[15:16] {Threei}  take care dino
[15:25] {Threei}  new lows
[15:25] {Threei}  this is very unusual and possibly game-changing day
[15:26] {Threei}  the way things go lately, you'd get a bounce already, and quite possibly full recovery
[15:26] {Threei}  not only can't market stabilize, it continues selling
[15:26] {nemo} QEII ends this week
[15:27] {RonS} getting tied up at Long Beach?
[15:27] {RonS} besides i thought it was something like the 23rd...
[15:28] {nemo} 6th
[15:30] {RonS} i am hearing the 30th...the pomo schedule gets published weekly i think...
[15:31] {nemo} voices in your head?
[15:31] {patience} .
[15:33] {RonS} rimm dead cat bounce...
[15:47] {Threei}  SPY -3
[15:47] {Threei}  wow
[15:47] {Threei}  been a while since we saw such moves
[15:48] {Threei}  (GR) Greece Fin Min: Moody's downgrade reflects 'media rumors' and does not take into account Govt actions to conduct fiscal reform
[15:48] {Threei}  sure
[15:48] {nemo} So...when do we wake up to "Limit Down" futures
[15:52] {RonS} ...the limit down in the equity futures is pretty big...i think 10%.  only got hit once during crisis and it has been increased
[15:52] {nemo} yeah and we were here for it
[15:52] {nemo} remember that, was my demo week
[15:53] {RonS}
[15:53] {nemo} they just issued new margin guidelines yesterday
[15:53] {rizvisy1} how long ago it was nemo/
[15:54] {nemo} fall 2008
[15:54] {Threei}  fall 2008?
[15:54] {Threei}  yeah
[15:54] {RonS} ya, they lowered the margin requirements...
[15:54] {rizvisy1} ok been a while ...
[15:54] {Threei}  world was in deep torture, and we had month after month with no single losing day
[15:55] {Threei}  GOOG Discloses Chinese attempt to hack gmail accounts - financial press
[15:56] {nemo} over 2 months without a losing day
[15:56] {RonS} the new equity margin requirement do not go inot effect until Friday
[15:56] {nemo} Vad was secretly working for Goldman
[15:56] {RonS} into
[15:56] {Threei}  lol
[15:57] {RonS} teaching Lloyd how to be vamoire squid?
[15:57] {RonS} vampire
[15:58] {Threei}  they need teaching?
[15:59] {RonS} they knew vampire...and squid...but needed to learn how to put together
[16:02] {Threei}  have a great evening all, see you tomorrow