Thursday, June 9, 2011

Jun 09 2011

First losing day in a while. A few early wins were overrun by stops later on.

Session Time: Thu Jun 09 00:00:00 2011
[08:53] {Threei}  (US) INITIAL JOBLESS CLAIMS: 427K V 419KE; CONTINUING CLAIMS: 3.676M V 3.70ME
[08:53] {Threei}  - Prior Initial Jobless Claims revised higher from 423K to 426K
[08:53] {Threei}  - Prior Continuing Claims revised higher from 3.711M to 3.747M - 4 week avg claims: 424K v 426K prior
[09:00] {Threei}  is it time to wake up or I can nap for 15 min more?
[09:01] {Threei}  everyone else seems to
[09:04] {_nsj100} gm three. doing free trial. wont bother you during day.
[09:04] {Threei}  hi
[09:04] {Threei}  why... bother me
[09:04] {_nsj100} thanks
[09:04] {Threei}  otherwise I might remain in coma
[09:04] {RonS} gm...trichet comments tanked eur for .01
[09:05] {Threei}  morning Ron
[09:05] {Threei}  I decided against poasting them
[09:05] {Threei}  a lot of common place points, nothijg of substance
[09:05] {Threei}  btw, in case you wonder:
[09:06] {Threei}  poasting is a hybrid between posting and pasting
[09:06] {Threei}  {-- trying to turn exceptionally bad typing into inventiveness
[09:08] {Threei}  (GR) EU: Sees Greece will require an additional 45B in new loans- Total needs at 170B through 2014
[09:09] {_nsj100} wonder what Greece's motivation is to pay it back.
[09:10] {Threei}  I know full and exact answer to that:
[09:10] {Threei}  none
[09:10] {_nsj100} yep
[09:10] {Threei}  Greece WILL default
[09:10] {Threei}  in this or that form
[09:11] {Threei}  these guys don't want to pull the bandaid, and are kicking the can down the road
[09:11] {Threei}  making the inevitable outcome more painful
[09:11] {_nsj100} easy street
[09:11] {Threei}  but the word of the day is "not on my watch"
[09:12] {Threei}  EU is non-viable structure (never was but it required crisis to reveal it), andEuro is non-viable currency
[09:13] {Threei}  USSR, duct-taped together for 70 years, was kept floating that long by force
[09:13] {Threei}  EU being all democratic, has no such option
[09:13] {_nsj100} that's why the british pound still exists
[09:17] {rizvisy1} gm
[09:18] {Threei}  riz :)
[09:18] {dino} gm all
[09:18] {Threei}  dino :)
[09:21] {samire} gm
[09:21] {larisa} gm :)
[09:21] {Threei}  samire, larisa :)
[09:24] {_taxx31} good morning
[09:24] {ese} morning
[09:24] {Threei}  taxx, ese :)
[09:26] {_taxx31} market gap up ? sigh
[09:27] {jfjf64} mornin
[09:28] {Threei}  jf :)
[09:28] {_taxx31} lets have a good day today vad
[09:28] {_taxx31} =D
[09:29] {Threei}  no pressure?
[09:29] {_taxx31} no pressure
[09:29] {Threei}  I will trade my system that I trade for the last, umm, 13 years. Result will be what it will be
[09:30] {Threei} Short Setup: RIMM  .40 break
[09:30] {Threei}  sheesh
[09:30] {Threei}  no chasing
[09:30] {Threei}  wait for bounce
[09:30] {Threei}  desirably insanely shrp spike into .60s
[09:30] {Threei}  where it should be a quick entry opportunity
[09:31] {Threei}  one more spike please
[09:32] {_taxx31} short in .60s ?
[09:32] {jfjf64} .58
[09:32] {jfjf64} in
[09:32] {jfjf64} out
[09:32] {Threei}  sheeshcover half jf
[09:32] {jfjf64} all
[09:32] {Threei}  that was fast
[09:32] {jfjf64} too fast
[09:32] {Threei}  OK
[09:33] {Threei} Short Setup: RIMM  .60 break
[09:33] {Threei}  if stayns under .70
[09:33] {Threei}  stop to .65
[09:33] {Threei}  out
[09:33] {Threei}  held too well
[09:34] {_taxx31} SLW
[09:34] {_taxx31} falling
[09:34] {Threei}  should bounce a bit here, then looking for short
[09:34] {Threei}  desirably between .30 and .35
[09:35] {Threei} Long Setup:  FCX  .60 break
[09:35] {nemo} what happened
[09:35] {Threei}  if holding .50
[09:36] {Threei}  oer 1:1
[09:36] {Threei}  (GE) German Constitutional Court sets July 5 hearing date for suit against Euro Zone rescue packages
[09:36] {jfjf64} out  ty
[09:36] {jfjf64} quick  scalps
[09:36] {Threei}  (PO) Moody's places Portuguese Banks' standalone ratings on review for downgrade
[09:37] {Threei}  OK, SLW
[09:37] {Threei}  missed short above .30 while pasting news
[09:37] {jfjf64} ?
[09:37] {Threei}  grrr
[09:37] {Threei}  FCX 1:2
[09:38] {Threei}  1:3
[09:38] {Threei}  out
[09:38] {jfjf64} nice
[09:38] {_taxx31} slw .35
[09:39] {Threei} Short Setup: SLW  .25
[09:39] {Threei}  if stays under .25
[09:39] {Threei}  .35
[09:40] {Threei}  no worky
[09:41] {Threei} Long Setup:  RIMM  .60 break
[09:41] {Threei}  if stays above .60
[09:41] {_taxx31} .50 ?
[09:41] {Threei}  yes
[09:42] {_taxx31} in
[09:42] {jfjf64} my  brain  being  taxx
[09:43] {Threei}  nope, not behaving
[09:47] {Threei}  (GR) Greece bailout costs could reach 120B vs 90B speculation earlier
[09:47] {Threei}  - financial press citing sources- 30B expected from private sector, 30B from asset sales and privatizations; and 60B from the joint EU/IMF assistance
[09:47] {Threei}  - Reminder: Yesterday speculation for saving Greece put the figure at 90B
[09:47] {Threei} Short Setup: FCX  .10 break
[09:48] {Threei}  if stays under .20
[09:50] {Threei}  out
[09:50] {Threei}  yesterday's spikes start again
[09:52] {jfjf64} crazy spikes
[09:53] {jfjf64} bad  4  setups
[09:53] {RonS} mtn sm s .60
[09:59] {Threei}  mess so far
[09:59] {Threei}  (IT) Italy PM Berlusconi: Examing candidates to replace Italy Central Bank's Draghi
[09:59] {Threei}  Moody's expects EU to continue providing liquidity through the EFSF program- Sees a potential Greece default would increase default chances for Ireland and Portugal
[10:00] {Threei}  (US) APRIL WHOLESALE INVENTORIES: 0.8% V 1.0%E
[10:00] {Threei} Long Setup:  SLW  .40 break
[10:01] {Threei}  if stays above .30
[10:02] {Threei}  ok, normal setups don't work
[10:03] {Threei}  let's change
[10:06] {Threei}  RIMM, watch for sharp pullback under .50,
[10:06] {Threei}  for long entry between .40 and .50
[10:08] {samire} when should we buy ?
[10:08] {samire} .43?
[10:09] {Threei}  wait yet
[10:09] {samire} ok
[10:09] {Threei} Long Setup:  RIMM  .45 break
[10:10] {jfjf64} in
[10:10] {jfjf64} .47
[10:10] {Threei}  stop under .35, target .65, 2 parts
[10:11] {Threei}  1:1
[10:11] {_taxx31} when jf gets in .. stock goes in favor
[10:11] {Threei}  stop to .39
[10:11] {_taxx31} :)
[10:11] {jfjf64} yea  sure
[10:11] {jfjf64} ty
[10:12] {Threei}  SLW rinsed
[10:12] {Threei}  slimy bastard
[10:12] {_taxx31} lol
[10:12] {_taxx31} i saw it creeping up again
[10:13] {Threei}  SPY new high
[10:13] {Threei}  wake up RIMM
[10:14] {Threei}  let's trail to .44
[10:15] {ese} L qpsa .19
[10:15] {_taxx31} going now
[10:15] {_taxx31} 1:!
[10:15] {Threei} Short Setup: SLW  .60 break
[10:16] {dino} sina smr l .50
[10:16] {Threei}  .66 stop
[10:16] {Threei}  very tight, want to stay safe during these spikes
[10:17] {Threei}  if works, target is about .45
[10:18] {Threei}  RIMM on final approach
[10:18] {Threei}  hit
[10:18] {Threei}  out
[10:18] {jfjf64} nice
[10:18] {Threei}  your turn SLW
[10:18] {Threei}  roll over and die
[10:20] {Threei}  out
[10:20] {dino} out sina .65, +1.15
[10:20] {Threei}  wtg
[10:21] {dino} ty
[10:21] {jfjf64} dino  nice
[10:21] {_taxx31} rimm is such a f$^##@% stock
[10:21] {_taxx31} 1:4
[10:21] {samire} thanks Vad
[10:22] {samire} now what should i do with all these money
[10:22] {samire} my closet is full
[10:22] {Threei}  easy
[10:22] {Threei}  send them to me
[10:22] {samire} i have to rent new atorge
[10:22] {RonS} out mtn 44.12 +.48
[10:22] {Threei}  I will administer them to poor countries on your behalf
[10:22] {samire} storage
[10:22] {Threei}  for a small administrative fee of course
[10:23] {samire} please do not give my address to any one
[10:23] {samire} they will look or my closet tonight
[10:23] {Threei}  why do I need competition
[10:23] {samire} for not or
[10:24] {samire} fair deal
[10:24] {dino} gj ron
[10:24] {samire} i will ship on a boat.......they are truck loads
[10:27] {Threei} Short Setup: X  .50 break
[10:27] {Threei}  if tays under .60
[10:29] {nemo} got vwap at .48
[10:29] {Threei}  invalidated
[10:30] {Threei}  oh boy, UNG
[10:30] {Threei}  will natural gas players ever get a break?
[10:31] {Threei}  (GR) IMF reiterates involuntary Greek debt restructuring would be an undesirable credit event
[10:31] {Threei}  as opposite to voluntary?
[10:34] {Threei} Short Setup: X  .80 break
[10:35] {Threei} Short Setup: SLW  .80 break
[10:36] {Threei}  X invalidated
[10:37] {_taxx31} slw as well ?
[10:37] {Threei}  yes
[10:39] {ese} Aig's slide show be over.......figur..........that humongus capit bar last week and that huge volume 2 days ago should about do it
[10:40] {RonS} ...until they go bankrupt...
[10:41] {ese} ya.......big surprise if that happens  for sure
[10:41] {Threei} Short Setup: SLW  .90 break
[10:42] {Threei}  not a scalp this time
[10:42] {Threei}  target 1:4
[10:43] {RonS} in .92
[10:43] {jfjf64} jjf  type  of  play
[10:43] {jfjf64} dieeeeeeeeeeeeee
[10:44] {RonS} ty jf...battle cry...
[10:44] {Threei}  this chart is so clean, if it doesn't work I'll cut my wrists with banana
[10:45] {Threei}  1:1
[10:45] {nemo} gotta' find a new line dude
[10:45] {Threei}  no, this one is good since I have no single bana in the house
[10:46] {dino}  sina smr l .01
[10:46] {Threei}  stop for the balance to .95
[10:47] {Threei}  to .91 now
[10:48] {Threei}  playing with house money
[10:48] {ese} L some more qpsa avg still.19
[10:49] {Threei}  out second half
[10:49] {Threei}  scalpers win
[10:50] {Threei}  spikes are back
[10:54] {Threei}  getting interested in X short again
[10:54] {Threei}  .80 break
[10:56] {_taxx31} this might go
[10:56] {_taxx31} goooooo
[11:07] {Threei}  if this attempt to make new high is rejected, we finally have a good fish hooked
[11:08] {Threei}  with a lot of air under
[11:10] {nemo} X vwap .58
[11:11] {Threei}  ok
[11:11] {Threei}  looks like all systems are go
[11:11] {Threei}  SPY signals reverse
[11:11] {Threei}  now, no idiotic spikes please
[11:13] {Threei}  .40 target stands
[11:16] {Threei}  SLW
[11:16] {Threei}  what the deuce
[11:17] {Threei}  (GR) Fitch comments on peripherals; feels Spain is making progress, hard to see Greece as anything other than distressed
[11:17] {Threei}  - Notes will review ratings on Ireland and Portugal if Greece restructures
[11:21] {Threei}  X doesn't look healthy anymore
[11:22] {Threei}  out
[11:23] {_taxx31} i guess everythings gonna run forever
[11:24] {ese} where were you in on X vad
[11:24] {Threei}  .80
[11:25] {ese} nice little scalp
[11:25] {Threei}  nice little stop rather
[11:25] {_taxx31} here goes X
[11:25] {Threei}  which starts looking like rinse
[11:26] {Threei}  look at this disconnect
[11:26] {Threei}  SPY reversed as told
[11:26] {Threei}  no stocks follow
[11:26] {Threei}  RIMM is up
[11:26] {Threei}  SLW is up
[11:26] {Threei}  FCX barely pulled back
[11:27] {ese} ya interesting......
[11:27] {ese} meaning?  things are headed up?
[11:28] {Threei}  not necessary
[11:28] {jfjf64} whats  meaning
[11:28] {Threei}  rather, disarray
[11:28] {ese} that to
[11:28] {Threei}  widespread confusiuon
[11:28] {Threei}  absence of commitment on either side
[11:28] {_taxx31} RIMM will give its gains back
[11:28] {_taxx31} im confident
[11:29] {Threei}  daily is horrible on RIMM
[11:29] {ese} i thought about partialling qpsa at .40 but i think mrkt is still gonna be up for the day so am going to hold it
[11:29] {Threei}  steady decline with nothing but weak bounces
[11:29] {ese} pullbacks are shallow
[11:29] {_taxx31} on our rimm play this morning
[11:30] {_taxx31} my stop limit got jumped
[11:30] {_taxx31} it fell like a knife.. -.40...stupid broker.
[11:30] {ese} that happens alot
[11:31] {Threei}  don't use automated stops
[11:31] {_taxx31} pretty much only reason im having horrible day.. -0.40 on rimm and now from entry..would have been .. +0.70
[11:31] {Threei}  surefire way to get rinsed
[11:37] {Threei}  relief rally in many names
[11:37] {rizvisy1} Vad, you recommend not to use stops in order entry and wait to enter manually when it reaches at stop limit.
[11:37] {Threei}  yes
[11:39] {rizvisy1} well, it is viable but in mornings first 15 minutes stocks move so rapidly that twice I tried to do that but had to chase it till it goes another 3to 4 cents ahead.
[11:40] {Threei}  your limit order should be a few cents out of market
[11:40] {Threei}  not exact limit
[11:40] {Threei}  then you'll get it executed without multiple attempts, and ultimately at better price
[11:41] {Threei}  as it will sweep best available prices up to your limit
[11:42] {rizvisy1} for example your entry for long is 42.50 and stop is 42.40, so you mean stop limit should be 42.42 or 42.43, and it will get best price in case stock goes against trade?
[11:42] {Threei}  no
[11:43] {Threei}  if your stop is 42.40, then your sell should be limit .37
[11:43] {Threei}  when .40 is hit, you send order "sell at .37
[11:43] {RonS} entered at break of .40 3i?
[11:43] {Threei}  it will get you all the shares available at .40, .39, .38 and .37
[11:43] {Threei}  right
[11:44] {rizvisy1} got it, makes clear
[11:45] {rizvisy1} so it is stop and limit order combination
[11:47] {Threei}  it's a stop limit
[11:47] {Threei}  just th the correct price
[11:47] {rizvisy1} yes
[11:47] {Threei}  whoch allows to avoid market odrer problems
[11:49] {Threei}  ok
[11:49] {_taxx31} rimm still going
[11:49] {Threei}  will this market make new highs or finally reverse
[11:49] {_taxx31} +$1.17 from entry...why do i sell when i go into loss like that...wth
[11:49] {Threei}  yeah, RIMM is one of those "why did I ever sell", lol
[11:50] {_taxx31} 1:12
[11:50] {Threei}  we had long entry where?
[11:50] {_taxx31} 36.60
[11:51] {Threei}  yes, and then another .445
[11:51] {Threei}  .45
[11:51] {_taxx31} i was exec'd at 36.6099
[11:51] {_taxx31} yeah and another .45
[11:51] {Threei}  which worked
[11:51] {_taxx31} yeah
[11:51] {jfjf64} WHOS  ON  FIRST
[11:51] {_taxx31} it worked all the way
[11:51] {_taxx31} until 1:13 now
[11:51] {_taxx31} i think we took 1:@
[11:51] {_taxx31} 1:2
[11:52] {Threei}  heh, this spike is on this:
[11:52] {Threei}  (GR) Greece cabinet said to approve 2011-15 privatization plan - financial press
[11:52] {Threei}  ***Troika officials extracted promises from Greek officials to set up a privatization fund to sell off state assets, overseen by outside observers from the EU and euro zone member states. The new agreement also includes binding quarterly targets on privatization revenues.
[11:52] {Threei}  wwhich is total bs
[11:53] {Threei}  strikes and riots will lead to political crisi, possibly referndum
[11:53] {Threei}  and all this crap will cramble
[11:53] {RonS} fruit juice?
[11:54] {Threei}  you try to type with your elbows
[11:58] {_taxx31} u think this is going to run all day ?
[11:58] {_taxx31} :/
[11:58] {Threei}  no
[11:58] {Threei}  it's going to run to the point where you decide that you have to jump on board
[11:58] {Threei}  that's when it reverses
[11:58] {RonS} lol
[11:59] {jfjf64} lol
[11:59] {Threei}  and I am not really kidding
[11:59] {Threei}  this is how it works:
[11:59] {Threei}  it climbs slowly, luring bystanders in
[12:00] {Threei}  when they can't stand the pain of missing the train anymore, they jump on board
[12:00] {Threei}  causing vertical spike'
[12:00] {Threei}  early buyers dump into that spike
[12:00] {Threei}  and there is no one left to buy
[12:00] {Threei}  later buyers start offerinmg into emptiness
[12:00] {Threei}  and comopete between themselevs lowering offers
[12:00] {Threei}  and reversing the trend.
[12:01] {Threei}  Anyone who read Techniques of Tape Reading knows the scenario
[12:01] {Threei}  and to those who didn't I have one question
[12:01] {Threei}  why didn't you
[12:02] {jfjf64} russian  author
[12:02] {Threei}  I've met him
[12:02] {jfjf64} lol
[12:05] {_taxx31} vad..i know u dont like my SLB ...dont play it..but keep an eye on it..daily has heavy resistance at 86.15 area
[12:05] {_taxx31} and i dont think market is strong enough to break it
[12:06] {Threei}  "don't like"... not really
[12:06] {rizvisy1} lol
[12:06] {Threei}  I have no emotional preferences for any of them
[12:06] {RonS} facebook friend 3i?
[12:06] {Threei}  none of them is to marry... some are for one night stands, some are for flings
[12:07] {Threei}  this one is jjust not my cup of tea
[12:07] {dino} you talking stocks or women vad?
[12:07] {Threei}  two lines ago, stocks... now, not so sure, lol
[12:07] {RonS} feerings...
[12:35] {Threei}  (GR) Germany Fin Min Schaeuble: Greece needs to do more in order to win support for additional aid
[12:38] {Threei}  TZA
[12:38] {Threei}  watching for long entry on pullback to about .90
[12:39] {rizvisy1} like idea
[12:40] {Threei} Long Setup:  TZA  .95
[12:40] {Threei}  break
[12:40] {Threei}  if stays above .80
[12:41] {Threei}  target 40.60
[12:44] {Threei}  change of trigger to .90 break
[12:45] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzz  qpsa up .15 ahhhhh hemmmmm....zzzzzzzzzzzzzzzzzzzzzzzz
[12:46] {davd} tza still valid
[12:46] {davd} ?
[12:47] {Threei}  not with thast entry, but looking for new one
[12:47] {davd} nope
[12:47] {rizvisy1} I agree Vad, it has yet to come down fully
[12:50] {Threei}  .80 weas it??
[12:50] {Threei}  lol
[12:50] {Threei}  jumped up like crazy enthelope
[12:50] {rizvisy1} spikes driving crazy ereeeeerrrrrrrrrrrrr
[12:51] {davd} 1pm 30yr auction
[12:51] {nemo} that should go badly
[12:55] {davd} it will get an A
[12:55] {davd} it went bad one time - that was when i sold tlt - been good ever since :(
[12:56] {_taxx31} ha
[12:56] {_taxx31} wtf was taht on the SPY
[12:58] {RonS} ese look jva
[12:59] {davd} if btc below 2.75 tlt goes down?
[12:59] {nemo} spy is walking up a channel, it's at R2 for the day, but could verywell look to test the 130.10 area R3 is 130.02
[12:59] {davd} i agree - imo s&p to 1295
[13:00] {patience} sorry nemo, what is r2 and r3?  did i miss this part of the training?
[13:01] {nemo} daily pivot levels.  Usually, you have a pivot point and 3 resistance levels above and 3 support levels below
[13:02] {nemo} look at the price action day before last
[13:02] {davd} nemo right re 30yr
[13:02] {nemo} huge resistancea at 130.10
[13:02] {nemo} 130.02 is R3 on daily pivot
[13:02] {_taxx31} Hedgefunds saying market will test 1250
[13:02] {nemo} we are WAAAAAAY oversold going into today
[13:03] {davd} money from 30yr may drive market higher today imo
[13:03] {nemo} if you look at the spy action since yesterday, there's straightline trend resistance
[13:04] {_taxx31} yeah
[13:04] {_taxx31} right from 128.20
[13:04] {RonS} patience, if you care...:
[13:05] {nemo} yeah, and there's a few different ways to calculate pivots
[13:13] {Threei}  SOY starts looking like new highs are possible
[13:13] {Threei}  which means no TZA play
[13:13] {Threei}  SPY that was
[13:18] {rizvisy1} FCX falling
[13:18] {Threei}  (GR) Germany politicians agree on a proposal for private sector participation in Greek aid, raising revenue from privatizations, and must involve IMF participation - financial press citing govt sources
[13:22] {_taxx31} is there a way to get charrts of the
[13:22] {_taxx31} dow
[13:22] {_taxx31} and s&p 500
[13:23] {Threei}  DJI
[13:23] {Threei}  SPY
[13:23] {_taxx31} oh SPY .. is exactly same ?
[13:23] {Threei}  proxy
[13:23] {_taxx31} oh ok already use spy
[13:23] {Threei}  not exact numbers but same moves
[13:23] {Threei}  and DJI is free with all brokers
[13:23] {Threei}  that I know of
[13:24] {Threei}  symbol may be $DJI or ^DJI
[13:24] {_taxx31} DJIA
[13:24] {_taxx31} FCX beautiful downward arch
[13:25] {Threei}  we are in architecture now?
[13:25] {_taxx31} hahah not trading
[13:25] {_taxx31} so might as well
[13:35] {Threei}  so, which way this stall resolves
[13:38] {dino} up
[13:39] {rizvisy1}  was expecting Vad call to short at .90, i guess he didn't like setup
[13:40] {Threei}  short what?
[13:40] {rizvisy1} after FCX after loosing support at .90
[13:41] {Threei}  this is good setup, problem is:
[13:41] {Threei}  almost none of these traditional setups worked today
[13:43] {rizvisy1} lol,but this one looks solid
[13:44] {Threei}  so did aall others
[13:44] {Threei}  it's just not the day when they work
[13:44] {Threei}  nothing works 100%
[13:45] {rizvisy1} oh yeah, beauty of market, each trade is wrapped gift
[13:45] {Threei}  you press when things work
[13:45] {Threei}  you slow down when they don't
[13:46] {rizvisy1} yes
[13:46] {Threei}  see our Monday and Tuesday,
[13:46] {Threei}  setups worked perfectly, and on TRuesday we pressed harder and got rewarded
[13:46] {Threei}  yesterday they were luikewarm
[13:46] {Threei}  today they simply don't work
[13:47] {Threei}  waiting out this period until things aling again
[13:48] {dino} sina lod
[13:52] {Threei}  see how FCX would get stopped. riz?
[13:52] {dino} sm l .05
[13:52] {rizvisy1} looking market in play not stocks
[13:53] {rizvisy1} spiked up n up
[13:53] {RonS} which dollar dino?
[13:53] {ese} i'll see you all tomorrow...i'm gonna ride qpsa out to the end of the day....cya
[13:53] {rizvisy1} and took everything along
[13:53] {dino} 90
[13:59] {dino} out sina .stopped
[14:04] {RonS} petula clark:  sina the times...
[14:05] {dino} sina smr l .75
[14:08] {dino} out sina .40, +.65
[14:11] {RonS} took sina 88.99 to 89.80   thanks dino
[14:12] {dino} gj
[14:13] {RonS} ya well, we both would have made more playing ppo correctly today
[14:14] {dino} sidetracked day, bidding a foreclosure house, finally got it
[14:17] {RonS} for you or a rental?
[14:18] {dino} for a flip. try to flip two or three a year
[14:18] {RonS} bet nemo does that almost every day...
[14:18] {RonS} :D
[14:22] {davd} flip or flip off
[14:23] {RonS} ;)watcha think?...
[14:31] {RonS} aapl intra chart a rorshack test
[14:38] {RonS} rimm acting like a short 3i?
[14:38] {Threei}  they all do!
[14:38] {Threei}  I just have hard time telling when it's finally THAT time
[14:39] {Threei}  after a few misfires
[14:39] {Threei}  (FR) France court planning to set a date on a decision on whether or not to pursue an investigation against France Fin Min Lagarde - financial press
[14:39] {Threei}  - Decision date time frame could vary from days, weeks or months; yet an announcement on the date on which a decision will be made is scheduled for tommorow
[14:39] {Threei}  - Investigation surrounds allegations she may have overstepped her authority in 2007 when she intervened in a case of a business individual vs the France state
[14:39] {Threei}  - Reminder: IMF's deadline on an oppointment of new chief is scheduled for June 30; a position for which Lagarde appears a frontrunner
[14:39] {RonS} the horror of austerity:  Greece to cut civil service retirement bonuses--
[14:40] {_taxx31} market needs to die\
[14:40] {_taxx31} and it needs to tell me before it does
[14:42] {Threei}  lol
[14:42] {Threei}  this last line is actually a very good point
[14:45] {Threei}  ok, who is ready to try again
[14:45] {Threei}  TZA
[14:45] {Threei}  ,80 brweak
[14:46] {Threei}  if this is finally a reversal, should be a good one
[14:46] {Threei}  if not, well
[14:48] {dino} sina smr l .05
[14:51] {davd} glad invalid
[14:56] {Threei}  yeah
[14:58] {davd} ill still do it, just glad :D
[14:59] {dino} out .35, +1.31
[15:00] {dino} wow continued higher
[15:04] {dino} damn two bucks more
[15:05] {davd} nemo what is resistance on sp 1294.5 or 1295 or 1294?
[15:06] {davd} he where did he go?
[15:07] {Threei}  who knows...
[15:07] {Threei}  fish is mysterious creature
[15:09] {davd} i believe its 130.023 on spy re freestockcharts
[15:26] {Threei}  (US) Rep Van Hollen (D-MD): House members negotiating with Vice President Biden about deficit reduction plans will meet three times next week
[15:26] {Threei}  ***Reminder: On June 7the Senator Kyl (R-AZ) said that Vice President Biden was negotiating for a $2.4T increase in US debt limit through 2012 in exchange for $2.5T in savings over the next decade.
[15:26] {Threei}  hmmm
[15:26] {Threei}  let me try again:
[15:27] {Threei}  $2.4T increase in US debt limit through 2012
[15:27] {Threei}  check
[15:27] {Threei}  in exchange for $2.5T in savings over the next decade?
[15:27] {Threei}  how does this make any sense?
[15:33] {dino}  it doesn't
[15:46] {Threei}  what can I say
[15:47] {Threei}  reeversal finally came with no setup I could see
[15:47] {Threei}  TZA double bottom at .50 with .60 break, in rertospect...
[15:47] {Threei}  not clear at the moment at all
[15:59] {dino}   gn all
[16:00] {Threei}  losing day - first this week
[16:00] {Threei}  oh well
[16:00] {Threei}  thank you all, have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {larisa} bye :)