Session Time: Tue Jun 14 00:00:00 2011
[08:46] {nemo} call dino tell him go back to bed
[08:47] {Threei} I can't
[08:47] {Threei} I went back to bed myself
[08:59] {Threei} oh nemo... do you hate vancouverites a bit less?
[08:59] {Threei} till tomorrow at least?
[09:01] {davd} why would anyone hate a Vancouvite? you guys are cool in your rain coats, sipping coffee in the fog.
[09:01] {nemo} not until Wednesday night
[09:01] {nemo} I'm from Boston davd
[09:02] {Threei} well... we have it as sunny as anyone these days, but nemo is indiscriminate in his hatred :)
[09:02] {davd} hmmm not so diff
[09:03] {davd} getting whiplash watching mcp
[09:03] {Threei} slv is geeting hit again
[09:07] {Threei} lost .70 support
[09:07] {Threei} SLW is likely to follow
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:24] {rizvisy1} gm
[09:24] {Threei} riz :)
[09:24] {larisa} gm :)
[09:24] {Threei} ok... let's gather our thoughts
[09:24] {Threei} well, even those few we have, that is
[09:24] {Threei} larisa :)
[09:24] {Threei} big gap up, usually, very unfriendly to trading
[09:25] {Threei} but we have a lot of weakness in silver and SLW
[09:25] {Threei} so, this may present us with trade
[09:25] {Threei} .65 break is the idea
[09:25] {Threei} if everything goes right, couple min after opening it will set up
[09:25] {jfjf64} mornin
[09:26] {Threei} jf :)
[09:26] {ese} morning
[09:26] {Threei} ese :)
[09:26] {Threei} jf, can't even begin telling you how untimely was your leave yesterday
[09:27] {ese} what happened
[09:28] {ese} score a big one?
[09:28] {Threei} we fixed the day into solid profit after he left?
[09:28] {Threei} with one big and three smaller ones
[09:28] {ese} lol
[09:31] {Threei} Short Setup: SLW .80 break
[09:31] {Threei} if stays under .90
[09:31] {Threei} invalidated
[09:32] {Threei} I am staying on a very conservative side
[09:33] {Threei} thes big gap up days can be very treacherous, don't want repeat of yesterday
[09:33] {Threei} so, will bbe very picky
[09:33] {rizvisy1} thats right...
[09:34] {Threei} Short Setup: FCX .10 break half lot
[09:35] {Threei} 1:1
[09:35] {rizvisy1} late entry
[09:35] {Threei} where?
[09:35] {dino} kro sm l .12
[09:35] {rizvisy1} fcx .10 missed
[09:36] {Threei} but it came back for a second chance fill
[09:36] {rizvisy1} yes
[09:36] {Threei} Short Setup: SLW .95 break
[09:37] {Threei} .06 stop
[09:39] {Threei} if SLV loses .90, SLW should be fine
[09:39] {Threei} market spike
[09:39] {jfjf64} hold on slw
[09:39] {Threei} holding so far
[09:39] {Threei} SLV lost .90
[09:40] {Threei} 1:1
[09:40] {Threei} easy does it
[09:44] {jfjf64} cof bounce
[09:44] {jfjf64} ?
[09:44] {Threei} Long Setup: OMG .95 small shares
[09:44] {jfjf64} lol
[09:44] {jfjf64} oh my god
[09:44] {Threei} right
[09:45] {Threei} lol
[09:45] {Threei} what a symbol
[09:45] {RonS} dalai lama company?
[09:45] {Threei} dunno but it looks explosive
[09:46] {Threei} just don't chase it
[09:46] {Threei} stop under .80
[09:47] {Threei} CAT, half lot long on pullback to under .60
[09:47] {RonS} lol...specialty chemicals ...looks explosive...
[09:47] {Threei} rofl
[09:47] {Threei} I didn't know that
[09:47] {Threei} Long Setup: CAT .60 break
[09:47] {Threei} if holding .50
[09:48] {Threei} symbol OMG for such company... really omg
[09:48] {Threei} no worky CAT
[09:49] {jfjf64} jf loves short here
[09:49] {jfjf64} tight stop
[09:49] {Threei} what exactly would jf want to short?
[09:49] {jfjf64} can droppppppppppppp
[09:49] {jfjf64} omg
[09:49] {jfjf64} lol
[09:49] {Threei} ahh
[09:49] {Threei} lol
[09:49] {rizvisy1} volume is real low OMG low in OMG
[09:50] {Threei} that's why small shares comment
[09:50] {Threei} illiquid stocks call for smaller position
[09:50] {Threei} CAT is very volatile, so half lot
[09:50] {RonS} omg 1.67 mil shares short...it could explode...
[09:53] {Threei} (US) CFTC proposes delaying derivative market rules implementation from July 16 to as late as Dec 31 (update)
[09:53] {Threei} - Regulators propose the delay because they have not been able to meet the deadline for full implementation one year after the passage of the Dodd-Frank legislation.
[09:53] {Threei} just what were they so busy with for a full year?
[09:53] {RonS} but 99.92% held by institutions...finviz
[09:53] {RonS} cat rinse
[09:53] {Threei} yeah
[09:54] {Threei} market is locked in narrow range
[09:54] {Threei} often the case on big gap up days
[09:56] {dino} a dino go back to bed day
[09:57] {nemo} [08:46] {nemo} call dino tell him go back to bed
[09:57] {Threei} 08:46] {nemo} call dino tell him go back to bed
[09:57] {Threei} [08:47] {Threei} I can't
[09:57] {Threei} [08:47] {Threei} I went back to bed myself
[09:57] {RonS} lol
[10:00] {dino} lol missed that
[10:08] {Threei} Long Setup: LVS .60 break
[10:08] {dino} fds
[10:08] {Threei} if stays above .50 of course
[10:09] {Threei} if loses it, will be interested in scalp off .40
[10:10] {Threei} if you want to see pure garbage daily chart, look at PURE
[10:11] {dino} fds sm l .25
[10:12] {Threei} Greece news caused sharp downtick in the market
[10:13] {Threei} (GR) Greece PM experiencing pressure within his Socialist Party to reshuffle the cabinet - world press citing sources
[10:13] {Threei} - Reshuffle would be aimed at quelling public ire over plans for more spending cuts.
[10:13] {Threei} - Sources say Former ECB VP Papademos could be installed as the next finance ministe
[10:13] {samire} no go ?
[10:13] {Threei} [10:08] {Threei} if stays above .50
[10:13] {Threei} it didn't
[10:13] {rizvisy1} rinsed
[10:13] {Threei} it's stopped
[10:14] {Threei} now, if it goes to .70, that will be "rinsed"
[10:14] {Threei} and jf will be immenesly pi**ed off
[10:15] {jfjf64} lol
[10:15] {rizvisy1} it might but, can't break rules for stops
[10:15] {jfjf64} took my meds today
[10:15] {jfjf64} very calm
[10:15] {Threei} because stop is stop, nothing wrong with that
[10:15] {jfjf64} yes
[10:15] {Threei} but to shake us out by couple cents, and proceed to the target is wrong
[10:15] {jfjf64} part of da system
[10:16] {Threei} indecent behavior
[10:16] {jfjf64} lvs short
[10:16] {jfjf64} ?
[10:16] {jfjf64} .45 break
[10:16] {Threei} (GR) Spain Fin Min: reiterates ministers are exploring many options for Greece; there are options besides restructuring
[10:16] {Threei} not sure jf
[10:18] {jfjf64} .45 break will give shot
[10:18] {jfjf64} .43
[10:18] {jfjf64} in
[10:18] {dino} fds stop -.27
[10:24] {samire} test
[10:24] {nemo} fail
[10:24] {samire} yes or no
[10:25] {nemo} da
[10:29] {samire} 1
[10:31] {Threei} OMG time
[10:31] {Threei} nears 1:1
[10:31] {jfjf64} 3i an usher fan
[10:32] {Threei} say what, lol
[10:32] {Threei} 1:1
[10:33] {Threei} and can do more
[10:36] {samire} 1
[10:37] {RonS} 2
[10:37] {RonS} cha cha cha
[10:41] {RonS} cof l .34
[10:41] {dino} fds rinsed
[10:44] {RonS} cof stopped -.10
[10:47] {samire} CSCO is a Bargin
[10:47] {RonS} leh was a bargain
[10:47] {Threei} CSCO is garbage
[10:48] {Threei} never buy cheap because it's cheap
[10:48] {Threei} cheap is relative - it can get a loooot cheaper
[10:48] {nemo} yeah, oversold can get oversolder
[10:48] {Threei} and then oversoldest
[10:48] {Threei} and the sell some more
[10:49] {nemo} oversoldester
[10:49] {RonS} lol
[10:49] {Threei} want a dialog from 1999 or so?
[10:49] {nemo} Threeish
[10:49] {Threei} guy to me:
[10:49] {nemo} Nah...bad memories
[10:49] {RonS} how much more is there?
[10:49] {Threei} you want to tell me that **** is a bad buy here?
[10:50] {Threei} I'll have you to know, it's second biggest ISP in the country,
[10:50] {nemo} Netscape?
[10:50] {Threei} it has fallen a lot from 100 something to 90
[10:50] {nemo} AOL
[10:50] {Threei} if you honestly believe it has any more room to fall, you are an idiot.
[10:50] {Threei} Idiot I was, indeed - stock was ELNK
[10:50] {nemo} don't even remember it
[10:51] {Threei} look at CSCO chart
[10:51] {Threei} daily
[10:51] {Threei} weekly
[10:51] {Threei} monthly
[10:52] {Threei} find me any single time frame i which it doesn't look dead lkike a doornail
[10:52] {samire} short it
[10:53] {Threei} not my cup of ea
[10:53] {nemo} strong convictions that one
[10:53] {Threei} oh, one more story of the same kind, more recnet
[10:54] {Threei} just couple years ago I think,
[10:54] {Threei} I dared to say something negative about ESLR
[10:54] {Threei} with traded around 10 at the time I think
[10:54] {Threei} fan of it told me all about how it's on a hiring spree, business is booming - and recommended me to "educate myself" before making comments about stocks
[10:55] {Threei} he was heavily invested and adding on each drop... on margin too
[11:02] {dino} had a cousin do same thing w/webmd
[11:02] {dino} wiped him out
[11:02] {Threei} I remember that one too
[11:02] {Threei} men of strong convictions get killed in the market often
[11:03] {Threei} was watching SLW for H&S short setup at .40, , wanted to watch only to see if this kind of things works
[11:03] {jfjf64} jcp
[11:03] {Threei} worked
[11:04] {dino} just saw that jf
[11:05] {Threei} new CEO
[11:05] {RonS} $JCP naming former Senior Vice President of Retail Operations at $AAPL as the new CEO
[11:06] {RonS} so, because aapl came out w/ kickass products this guy was a retail genius...ridiculous
[11:06] {Threei} lol
[11:06] {dino} perception is realty
[11:07] {RonS} like saying the astronaut caused the ride to the moon...the rocket had nothing to do w/ it
[11:10] {RonS} jcp s .06
[11:10] {dino} ron, c'mon, you know in the "efficient"(lol) market, that perception is indeed reality.
[11:12] {RonS} out -.14 too soon
[11:16] {Threei} any chance this monkey would be off US back:
[11:16] {Threei} (US) Senator Chambliss (R-GA): Plans to vote to end ethanol subsidies
[11:16] {Threei} ***Note that a bill by Senator Coburn (R-OK) would look to reduce government spending by eliminating a major $5B a year ethanol industry tax break and the ethanol import tariff. The vote is expected later today.
[11:17] {dino} will never pass, imo
[11:17] {nemo} nope
[11:17] {nemo} once a subsidy always a subsidy
[11:17] {dino} you can give, but never take away
[11:17] {Threei} well, good test for their faigned resolve to fight deficit
[11:18] {RonS} heard 40% of US corn to ethanol...stupid
[11:18] {nemo} that's why it will collapse
[11:18] {Threei} feigned
[11:18] {dino} other 60% to soda, lol
[11:23] {samire} test
[11:24] {nemo} fail
[11:24] {Threei} samire, what's wrong?
[11:24] {samire} i have slow internet
[11:25] {samire} traveling overseas now
[11:25] {Threei} I see
[11:25] {samire} like dial up
[11:25] {Threei} that can be serious pain in the butt
[11:25] {Threei} especially for executions... yikes
[11:25] {samire} yes
[11:25] {Threei} avoid market orders like plague
[11:26] {Threei} that will kill you with slow connection
[11:26] {samire} i am checking how fast i see my own posting
[11:27] {Threei} Short Setup: JCP .40 break
[11:27] {Threei} half lot
[11:28] {Threei} .55 stop
[11:28] {dino} back in 30
[11:29] {Threei} just no rinsing JCP
[11:29] {Threei} you are so done
[11:29] {nemo} spy looks like bounce
[11:29] {Threei} held by fingertips
[11:30] {Threei} I don't thnk JCP cares about SPY
[11:30] {Threei} it's in its own world
[11:30] {nemo} just letting you know
[11:30] {Threei} POS
[11:30] {Threei} stopped
[11:31] {ese} L aks .24
[11:46] {davd} gj aks ese
[11:46] {davd} news?
[11:46] {Threei} (US) Rep Hoyer (D-MD): Would like to see a debt limit increase within ten days in order to calm markets- More than half of democrats would vote to increase debt limit.
[11:47] {nemo} duh
[11:47] {ese} tks dave out aks .44 +.20
[11:47] {ese} raised quidance is all
[11:47] {ese} nothin big
[11:48] {Threei} JCP turned into momo
[11:48] {Threei} "only play in town" effect on boring day
[11:54] {samire} is it because summer slow down ?
[11:55] {Threei} not necessary,
[11:55] {Threei} rather big gap day
[11:55] {Threei} they often end up in day-long stall
[11:55] {Threei} gap up that is
[11:55] {Threei} gap down days are more active
[11:55] {RonS} and isn't the bernack speaking at 2:15 edt?
[11:55] {RonS} bernank
[12:05] {RonS} the world has recognized jesus christ
[12:06] {RonS} apparently he is the new ceo of jcp
[12:06] {Threei} ahhh
[12:06] {Threei} that explains it
[12:08] {ese} L axl .35
[12:09] {nemo} bby
[12:09] {dino} .
[12:10] {RonS} what about bby...
[12:12] {dino} jcp sm s break .00
[12:13] {dino} lol may not break it
[12:15] {rizvisy1} .
[12:15] {rizvisy1} .
[12:16] {Threei} nice dino
[12:16] {dino} battle
[12:21] {dino} stop flat, hmm,m
[12:24] {dino} things crazy
[12:25] {ese} L jcp .42
[12:25] {Threei} wow
[12:25] {Threei} that's a lot of chasing
[12:25] {ese} out crap .50
[12:25] {dino} then i shall short it again, so one of us is right
[12:25] {Threei} whew
[12:25] {ese} daaaaaaaa +.08
[12:26] {ese} not fast enough
[12:26] {Threei} you like living dangerously, eh ese
[12:26] {ese} to get that spike
[12:26] {ese} ahhhhh what the heck.....ya can't take it with ya
[12:26] {dino} sm s .35, stop hod break
[12:34] {dino} out kro .40, +.30
[12:36] {ese} out even axl .35 .00
[12:38] {dino} jcp stop -.25
[12:42] {dino} another rinse, thats like 6 in two days, wtf
[13:09] {RonS} jcp .15 break if holding .25 3i?
[13:09] {RonS} s?
[13:09] {dino} lower high put in at .69
[13:09] {Threei} no Ron :)
[13:10] {RonS} ya but for some reason support is at .17
[13:10] {Threei} Google announces voice search
[13:11] {Threei} I want cough search, sneeze search and blink search
[13:11] {RonS} scratch search
[13:14] {RonS} quote of the day: @herbgreenberg i just visited $JCP and they are already painting everything white.
[13:17] {dino} sm s .24 jcp
[13:20] {RonS} this is a fact: hard goods retail is totally different than soft goods
[13:26] {rizvisy1} Decent data from both home and abroad have turned many participants into buyers today
[13:28] {RonS} big algo seller here in the es futes...benank at 2:30
[13:28] {Threei} (US) Reminder: Fed Chairman Bernanke scheduled to speak on the debt and fiscal stability at 14:30ET
[13:34] {dino} stopped again
[13:42] {Threei} Only 49% Think U.S. Still Needs to Belong to NATO
[13:43] {Threei} 54% Favor Repeal of Health Care Law, 46% Think Repeal Likely
[13:49] {ese} choir time.....cya all tomorrow
[13:50] {dino} cya
[13:53] {Threei} take care ese
[13:57] {rizvisy1} .
[14:03] {Threei} Short Setup: RIMM .80 break
[14:07] {Threei} not a scalp IMO
[14:11] {Threei} 1:1
[14:12] {Threei} half out
[14:12] {Threei} stp to .86
[14:13] {Threei} stop to .83
[14:13] {dino} gj
[14:13] {Threei} ty
[14:16] {samire} long rimm above .70
[14:17] {samire} .63 stop
[14:18] {Threei} stop to .81
[14:19] {Threei} stop to .76
[14:19] {Threei} no lose territory, playing with house money
[14:20] {Threei} 1/4 more out
[14:21] {Threei} 1:2
[14:21] {Threei} stop .73
[14:24] {Threei} decide between covering at 1:3 or trailing
[14:24] {Threei} I'll try for more
[14:24] {Threei} stop to .66
[14:32] {Threei} (US) Fed Bernanke: Failure to raise debt ceiling could lead to a US ratings downgrade; even a short disruption and 'prioritizing payment' could rattle markets
[14:32] {Threei} out last portion RIMM
[14:33] {RonS} gj ty
[14:33] {Threei} :)
[14:33] {Threei} - The debt limit is not the correct tool for enforcing budget discipline and achieving budget cuts.
[14:33] {Threei} - Congress needs to quickly agree on a long-term fiscal plant
[14:33] {Threei} ***Does not comment on US monetary policy
[14:35] {Threei} now, this is rich:
[14:35] {Threei} - Failing to raise the debt limit would damage USD and US Treasury markets.
[14:35] {Threei} while true, it's so weird to hear this from the guy who caused damage to USD beyond thinkable
[14:36] {Threei} (US) Senate begins vote on Coburn Amendment that seeks to eliminate $5B in ethanol subsidies
[14:36] {Threei} - The proposal seeks to eliminate $0.45/gallon tax credit for ethanol and $0.54/gallon tariff on imported ethanol.
[14:39] {Threei} - Follow up 14:38ET: Senate has enough votes to defeat the amendment
[15:10] {davd} dollar moving higher re .dxy
[15:24] {RonS} Apple has plumb position to fill in retailing
[15:25] {RonS} ...does this mean the guy is fat?
[15:25] {Threei} I'd apply but they are not likely to agree to my requirements
[15:25] {RonS} oh, pumb not plump
[15:25] {RonS} plumb
[15:25] {Threei} which are: I am not appearing for work, ever
[15:26] {Threei} usually after this line no one listens to the rest
[15:27] {Threei} (EU) EMU Official: May take time to reach an agreement for Greece debt; differences in opinion remain between the ECB and Germany - financial press
[15:27] {Threei} - Reiterates the deal should involve private creditors
[15:31] {dino} keyw spike
[15:47] {Threei} gap and stall right under 130 resistance, on lower volume than red days
[15:47] {Threei} hopefully it's a sign of downtrend continuation
[15:47] {Threei} which will present us with good activity and readable opportunities
[15:50] {Threei} ok guys, let's end onthis
[15:50] {Threei} no sense to press anthing on last minutes
[15:50] {Threei} thank you all, have a good evening
[15:51] {Threei} see you tomorrow
[15:52] {larisa} bye :)
