Session Time: Wed Jun 22 00:00:00 2011
[09:14] {davd} gm all. i thought we would be up?
[09:14] {Threei} morning davd
[09:14] {Threei} well... looks like a case of playing out predicted outcome in advance
[09:15] {Threei} classic scenario of tape reading
[09:15] {davd} true.
[09:16] {davd} dollar slightly up - opposite of what many predicted
[09:18] {dino} gm all
[09:18] {samire} gm
[09:21] {Threei} dino, samire :)
[09:24] {samire} Vad....do you have a problem because me and Dino are friends
[09:24] {Threei} huh?
[09:25] {dino} ?
[09:25] {Threei} you have strange idea of my life priorities...
[09:25] {RonS} gm...daughter delivered healthy baby girl
[09:25] {Threei} Ron!!
[09:25] {samire} or because we are getting rich
[09:25] {RonS} ;)
[09:25] {dino} congrats ron
[09:25] {Threei} congratulations
[09:26] {Threei} yes samire, that's a problem - as long as you don't send me my share
[09:26] {RonS} ty all
[09:26] {Threei} got a name yet Ron?
[09:27] {larisa} gm :)
[09:27] {RonS} ya...a little goofy...Tyler Julieanne
[09:27] {Threei} larisa :)
[09:28] {Threei} looking for RIMM long and SLW short
[09:29] {Threei} no triggers yet
[09:29] {Threei} RIMM pullback to under 28 would be ideal
[09:29] {Threei} holding .90 and recrossing 28
[09:30] {Threei} SLW 33 break, probably
[09:30] {Threei} be careful of opening spikes though
[09:30] {Threei} RIMM is there
[09:31] {Threei} 10 cents ranges from here
[09:31] {Threei} .90 break if holding .80
[09:31] {Threei} etc
[09:31] {jfjf64} mornin
[09:31] {Threei} Short Setup: SLW 33 break if stays under .10
[09:32] {Threei} both triggered
[09:32] {Threei} RIMM 1:1
[09:32] {Threei} half out
[09:32] {Threei} scalpers know what to do
[09:33] {Threei} 1:2
[09:33] {RonS} caught rimm .79 to .96 thanks 3i
[09:33] {Threei} 1:3, over and out
[09:33] {Threei} welcome ron
[09:33] {jfjf64} nice ty
[09:33] {Threei} yw
[09:34] {jfjf64} ya turn slw
[09:34] {jfjf64} dont be shy
[09:34] {Threei} nope, SLW no worky
[09:34] {dino} gj
[09:34] {Threei} maybe a rinse but I am not going to stick around to check that theory
[09:35] {jfjf64} fdx
[09:36] {jfjf64} dtop
[09:36] {jfjf64} ?
[09:38] {Threei} no
[09:38] {Threei} just a mess
[09:38] {jfjf64} ty
[09:39] {Threei} Long Setup: FCX .10 break
[09:40] {Threei} stop under 49
[09:40] {Threei} target .40, 3 partials
[09:41] {ese} gm
[09:41] {Threei} ese :)
[09:41] {Threei} 1:1
[09:41] {Threei} half out, stop to .05
[09:42] {Threei} 1:2
[09:42] {Threei} 1/4 out
[09:42] {Threei} stop to .15
[09:43] {samire} thanks Vad
[09:43] {Threei} target hit
[09:43] {Threei} out .42
[09:43] {Threei} welcome samire
[09:43] {samire} rain
[09:43] {jfjf64} f kin hey
[09:43] {jfjf64} great job sir
[09:44] {Threei} Short Setup: X .40 break half lot
[09:44] {Threei} stop above .50
[09:45] {Threei} target .25
[09:46] {jfjf64} need mkt help
[09:47] {Threei} not getting it
[09:47] {Threei} stopped
[09:47] {jfjf64} rince theory coming
[09:47] {Threei} whatever, half lot attempt to find the reversal with that 9:44 doji
[09:48] {Threei} not working, moving on
[09:48] {dino} lll spike
[09:49] {RonS} wow
[09:49] {jfjf64} cmi
[09:49] {Threei} news dino
[09:49] {Threei} LLL Holder Relational calls fora breakup of the company - financial press citing sources
[09:49] {jfjf64} .20 break
[09:49] {Threei} RIMM
[09:49] {Threei} deep pullback
[09:51] {Threei} VHS IPO opens for trade at $18
[09:51] {Threei} Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[09:51] {Threei} VHS?
[09:51] {Threei} I thought it was dead already
[09:51] {Threei} after winning betamax battle and losing dvd one
[09:51] {Threei} Long Setup: RIMM .90 break after losing it and holding .80
[09:52] {RonS} LLL 4 mil sh short
[09:52] {Threei} let's make it if holding .90 for scalpers, .75 for day traders
[09:53] {jfjf64} diee
[09:53] {jfjf64} done cmi
[09:53] {samire} is rimm still valid ?
[09:53] {samire} went to .79
[09:53] {Threei} yes
[09:53] {samire} ok
[09:54] {dino} smr s lll .90
[09:55] {Threei} come on RIMM
[09:55] {dino} cov lll .50, +.40
[09:55] {Threei} you can do it
[09:56] {Threei} nice one dino
[09:56] {dino} ty
[09:57] {nemo} CNX
[09:57] {Threei} BBY Launches cloud music service - tech blogs
[09:59] {Threei} - provides cloud storage for music on computers and smartphones
[09:59] {Threei} - Will store music online and stream to devices
[09:59] {Threei} - Will be free for use on computer, cost approx $4/month for use on mobile devices; requires iTunes library
[09:59] {jfjf64} avav gonna die
[09:59] {jfjf64} cant find entry
[10:01] {dino} nuva sm l .80
[10:03] {Threei} no go RIMM
[10:03] {Threei} Short Setup: FCX .20 break
[10:04] {Threei} if stays under .30
[10:05] {Threei} (US) CBO: US debt to hit 70% of GDP by end of 2011; Budget deficits to likely decline markedly in the coming years- Budget outllok for coming decade looks daunting
[10:06] {dino} double speak
[10:06] {Threei} no kidding
[10:08] {jfjf64} makwe upp ya mind fcx
[10:09] {Threei} {FCX} ask CBO to do the same
[10:09] {Threei} - By 2021, the budget deficit would be about double the baseline projection, and with cumulative deficits totaling nearly $12 trillion over the 2012-2021 period, debt held by the public would reach 97 percent of GDP, the highest level since 1946
[10:12] {Threei} 1:1
[10:12] {jfjf64} nice
[10:12] {jfjf64} house money
[10:13] {jfjf64} comon 49.00
[10:14] {jfjf64} down down downn
[10:16] {jfjf64} oh yeahhhhhhhhhhhhhh
[10:16] {jfjf64} bamm bamm bamm
[10:16] {jfjf64} lol
[10:16] {jfjf64} ty
[10:17] {Threei} 1:3... nice
[10:17] {Threei} welcome
[10:17] {jfjf64} was gettin worried thought ya fell off chair
[10:17] {jfjf64} bacon
[10:17] {jfjf64} lol
[10:17] {dino} gj
[10:18] {jfjf64} good mornin
[10:18] {Threei} no bacon yet jf... still on diet
[10:18] {jfjf64} glad to hear that
[10:19] {Threei} successfully too
[10:19] {Threei} 26 lbs shed in one month
[10:19] {jfjf64} nice
[10:19] {jfjf64} really
[10:19] {jfjf64} strict diet
[10:19] {Threei} not really... never went hungry
[10:19] {jfjf64} excercise also
[10:20] {Threei} rather smart one
[10:20] {dino} whr sm l .40
[10:20] {jfjf64} share
[10:20] {jfjf64} comon
[10:20] {jfjf64} weight watchers
[10:20] {Threei} no
[10:20] {Threei} hold on
[10:20] {jfjf64} jenny craig
[10:21] {Threei} remember that projection by CBO, saying that healthcare will decerase in cost under new law?
[10:21] {Threei} look at this:
[10:21] {Threei} if current laws remained in place, spending on the major mandatory health care programs alone would grow from less than 6 percent of GDP today to about 9 percent in 2035 and would continue to increase thereafter.
[10:21] {Threei} it's by that same CBO
[10:21] {Threei} so what gives?
[10:22] {Threei} are they pulling these projection out of donkey's arse?
[10:22] {jfjf64} cant figure
[10:22] {jfjf64} lots of bs
[10:23] {dino} yes
[10:23] {dino} avav hod
[10:24] {jfjf64} watchin
[10:25] {dino} 35?
[10:25] {jfjf64} like to see some eractic buying
[10:25] {jfjf64} blow off top
[10:25] {jfjf64} and short
[10:25] {jfjf64} lol
[10:25] {dino} me too, one more spike imo
[10:30] {Threei} *DOE CRUDE: -1.7M V -1ME; GASOLINE: -460K V +1ME; DISTILLATE: +1.17M V +500KE; UTILIZATION: % V 86.1% W/W
[10:31] {Threei} (CA) Bank of Canada financial system review: Overall risk to domestic stabilty has edged higher since December
[10:31] {Threei} - Elevated household debt requires viliance
[10:32] {Threei} just so you guys don't feel lonely
[10:32] {jfjf64} head to the states 3i
[10:32] {Threei} yes, because it's so stable over there
[10:32] {jfjf64} oh yeah
[10:32] {dino} whr to .70
[10:33] {Threei} although, come to think about it... if I sell my Victoria house, I can buy triple the house in most of US locales, lol
[10:33] {dino} exactly, buyers market
[10:34] {dino} closing on a 188 sq ft bi-level next week, 105k. foreclosure, would cost 200k+ to build
[10:34] {Threei} sheesh
[10:35] {dino} 50 cents on the buck in my area
[10:35] {dino} whr out .82, +.42
[10:35] {dino} 188=1800 sq ft
[10:37] {Threei} (EU) ECB's Bini-Smaghi said to be willing to step down from ECB but wants to be assured of next post before resigning
[10:37] {Threei} lol
[10:37] {dino} roflol, well if something better comes along
[10:38] {Threei} hard to believe how corrupted whole thing became
[10:39] {jfjf64} thougt so
[10:39] {jfjf64} lol
[10:39] {jfjf64} didnt want to say anything
[10:39] {jfjf64} box
[10:39] {jfjf64} lol
[10:39] {jfjf64} where bout
[10:39] {jfjf64} pennsylvania
[10:39] {jfjf64} lol
[10:39] {jfjf64} avav ready
[10:40] {dino} yes jf, northeast
[10:42] {jfjf64} .25 break
[10:42] {Threei} SPY starts looking breakoutish
[10:43] {dino} nuva stop .59, -21
[10:46] {dino} lll smr s .06
[10:48] {jfjf64} avav not watchin mkt spike
[10:48] {Threei} a bit torn betqween trying for break and dismissing it as fakeout
[10:48] {jfjf64} so far ...
[10:49] {Threei} can'y make up my mind so far
[10:51] {dino} flip a coin
[10:54] {samire} great day so far
[10:54] {jfjf64} gonna get better
[10:54] {samire} staching some cash
[10:54] {jfjf64} gr
[10:54] {jfjf64} wtf
[10:55] {dino} gj
[10:56] {jfjf64} avav dont follow mkt spike
[10:56] {jfjf64} dieeeeeeeeeeeeeeeee
[10:57] {dino} can't get any at cyber
[10:57] {jfjf64} whats up with spy
[10:57] {samire} took ETN hod
[10:57] {dino} lll bstop is .23 fwiw
[10:58] {samire} more cash from ETN
[10:58] {dino} stop -.17
[10:58] {samire} go ETN
[10:59] {samire} ssold .02
[11:00] {samire} + 500
[11:00] {jfjf64} nice
[11:00] {samire} thanx
[11:00] {samire} 5000 shares
[11:00] {jfjf64} out avav
[11:00] {jfjf64} flat
[11:02] {dino} wtf lll rinsed
[11:03] {dino} gj sami
[11:04] {RonS} so, does L3 breakup mean 3 L's?
[11:05] {samire} Thanks Dino.......we are going to compete with Vad soon
[11:06] {samire} tag team
[11:06] {samire} wrestling
[11:06] {samire} dream team
[11:06] {Threei} I am all for wrestling... I wrestle with gun in my hand
[11:07] {Threei} win every single time
[11:07] {samire} water gun ?
[11:08] {samire} or glue gun
[11:08] {dino} vad is the master, i just get lucky
[11:08] {dino} sm l lzb .99
[11:08] {nemo} Hey Dino: http://www.cnbc.com/id/43480778
[11:09] {RonS} lol nemo, why not burn a few witches at the stake also?
[11:10] {dino} lol nemo
[11:11] {Threei} do they also do the rain dance when crops wittle?
[11:12] {dino} virgin sacrifices, ala jennifers body
[11:12] {RonS} human nature is so dang weird...amazing how often this kind of stuff goes on
[11:15] {dino} xray sm s .56\
[11:20] {Threei} market stalled
[11:20] {Threei} play with this fora min who wants some enetrtainment:
[11:20] {Threei} http://www.nytimes.com/interactive/2011/06/22/technology/20110622-CAMERA.html
[11:20] {nemo} not if IWM is leading it
[11:20] {Threei} try to click on nearest flower, then on the rocks in the background
[11:21] {Threei} new technology allowint to choose focus point AFTER the photo is taken
[11:21] {Threei} quite amazing
[11:26] {RonS} fwiw...kinda cool abx presentation: http://tinyurl.com/3wjrvzv
[11:26] {dino} xray stop -.23
[11:27] {RonS} wow 3i, that is cool...
[11:31] {Threei} very
[11:32] {RonS} bet the dod or cia developed it for the spy sats, etc
[11:33] {RonS} in 1972
[11:38] {Threei} lol
[11:46] {samire} just made some money on ADBE LONG
[11:46] {samire} IT IS MY DAY
[11:47] {dino} had bid in at ,51
[11:48] {samire} we need more calls Vad
[11:48] {samire} or ...i will take over
[11:48] {samire} i watched your CDs
[11:48] {Threei} please do
[11:49] {samire} Vad2
[11:49] {Threei} I'll kick back and relax
[11:49] {Threei} hope you enjoyed them
[11:49] {samire} they are great
[11:49] {Threei} good to hear
[11:49] {Threei} next best thing to sitting next to me during trading
[11:50] {samire} watched them on the plane from LA to Cairo
[11:50] {Threei} there was one major change since they were recorded though
[11:51] {Threei} in one of videos you can hear Zippo click during a trade developing
[11:51] {Threei} I quit smoking since then
[11:51] {Threei} other than that, methods are just as valid
[11:54] {Threei} OK, you guys were talking about that bizarre thing weith praying about deficits,
[11:54] {Threei} how about this:
[11:54] {Threei} renovated part of big hospital here in Victoria includesspecial ventilation system for some rooms
[11:55] {Threei} allowing to clear the air from a lot of smoke
[11:55] {Threei} guess what for
[11:55] {samire} what
[11:55] {Threei} to allow traditional First Nations healing ceremonies whoch include burning
[11:55] {RonS} burning incense?
[11:56] {Threei} cedar boughs
[11:56] {samire} adbe is still running
[11:56] {RonS} lol...at least it smells good
[11:57] {RonS} rooms soundproofed too so medicine man can beat the drum?
[11:58] {Threei} article doesn't say
[11:59] {dino} world has lost its mind
[11:59] {Threei} I am telling you... I want another planet
[11:59] {dino} next thing will be horoscope required reading, sheesh
[11:59] {Threei} tghis one looks totally insane
[12:00] {RonS} Voltaire thought the same methinks...
[12:01] {RonS} oh jeez, almost forgot fomc in 30...
[12:01] {RonS} minutes
[12:01] {RonS} meaning meeting minutes
[12:02] {Threei} (GR) Greek officials resisting calls for assets to be used as collateral given political risks; Greece will aim to make small changes in tax measures with Troika
[12:02] {samire} great day
[12:13] {samire} took sndk
[12:13] {samire} .82
[12:14] {samire} l
[12:14] {RonS} reminds
[12:14] {RonS} me
[12:14] {RonS} of
[12:14] {RonS} strider
[12:14] {RonS} miss
[12:14] {RonS} him
[12:15] {dino} yeah
[12:17] {dino} lll sm s .49
[12:19] {RonS} followed ya .35 s
[12:20] {RonS} target 85.60
[12:21] {dino} cov .13, +.36
[12:27] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED);
[12:29] {samire} Vad...are u taking trades after fed announcement ?
[12:30] {Threei} if setups shape up, why not
[12:30] {Threei} if it's just a hectic jumping up and down, no
[12:38] {RonS} rimm l .50 recross if holding .40?
[12:38] {Threei} toughie...
[12:38] {dino} nuva sm l ave .62
[12:38] {Threei} really not sure ron
[12:40] {Threei} well.. yes
[12:40] {Threei} lol
[12:41] {Threei} Short Setup: FCX .55 break
[12:42] {Threei} if stasy under .65
[12:43] {Threei} invalidated'
[12:46] {dino} tzoo sm l .40
[13:04] {jfjf64} im here
[13:11] {Threei} Short Setup: RIMM .75 break
[13:14] {Threei} for scalpers, stop can be kept as tight as above .80
[13:15] {Threei} I personally prefer .85
[13:15] {Threei} target is about .45
[13:15] {Threei} if market really breaks down, could be much more, will evaluate as trade develops
[13:18] {Threei} no go
[13:30] {dino} out nuva .93, +.31
[13:32] {samire} Thanks Dino....
[13:32] {samire} my stop was .55
[13:32] {samire} came close to it
[13:32] {dino} np, gj
[13:32] {samire} what was your stop ?
[13:32] {Threei} Short Setup: SLW .40 break
[13:34] {Threei} (EU) S&P: European banks are healthy but still need to increase capital ratios in the face of a potential Greek default
[13:34] {Threei} - Believes that French banks should be able to absorb losses from Greek exposure.
[13:34] {Threei} - Does not believe that a Greek default would seriously damage the European banking sector.
[13:35] {dino} .47
[13:37] {RonS} rimm rinse
[13:37] {Threei} yeah
[13:39] {samire} slw does not want to fall
[13:39] {Threei} didn't break support yet
[13:39] {samire} ok
[13:59] {patience} .
[14:05] {Threei} 1:1
[14:08] {dino} ezoo sm l .00
[14:08] {dino} tzoo
[14:23] {dino} out tzoo .60, +.60
[14:24] {Threei} (US) Fed's Bernanke: Expects the Japan economy to improve and gasoline prices to fall, helping improve the economic outlook in the second half of 2011
[14:24] {Threei} - Pace of progress on the unemployment issue remains "painfully slow"
[14:24] {Threei} - Expects inflation to subside to a level at or below 2% in coming quarters.
[14:24] {Threei} - Notes that "my remarks are my own responsibility"
[14:24] {Threei} huh?
[14:24] {Threei} whose else?
[14:35] {davd} spy bounce if vwap
[14:35] {davd} off
[14:41] {davd} dollar at hod re dxy
[14:41] {davd} but below premarket high
[14:42] {patience} nice pop in tza
[14:56] {dino} tzoo sm l .30
[15:05] {Threei} OK, let's try to design he play for the end of the day
[15:05] {Threei} my feel is, selloff is coming
[15:06] {Threei} TZA break of 38 is one way to try and exploit it
[15:07] {Threei} wait for market to bounce and find low TZA entry is another
[15:08] {nemo} wait until tza get.s to .60 area
[15:08] {Threei} that would be too good
[15:08] {nemo} size coming in on S&P futures
[15:08] {nemo} .64 then
[15:11] {nemo} spy may try to get to .40 or so
[15:23] {samire} slw ? any set ups ?
[15:24] {Threei} I'll let you know when I see any
[15:24] {Threei} Long Setup: TZA .90 break
[15:25] {Threei} if stays above .80
[15:25] {Threei} not a scalp
[15:25] {Threei} going to try for serious market selloff
[15:26] {Threei} 38.50 is not out of question
[15:27] {davd} in tza .90
[15:30] {Threei} first partial for me somewhere between .05 and .10
[15:30] {Threei} 1:1
[15:31] {Threei} out first part .03
[15:31] {dino} good mkt read 3i. i had us going up
[15:32] {nemo} to me it's a scarecrow moment
[15:32] {Threei} second part is closer to .20
[15:32] {Threei} samire, here?
[15:33] {nemo} should have .15 more anyway
[15:33] {nemo} tna/iwm at pivot
[15:34] {davd} out 1/2 tza .1
[15:34] {Threei} that's 1:2... nice
[15:35] {Threei} (GR) Chief economist at UBS Investment Bank Hatheway: Vote of confidence for Papandreou is only a minor step; Greece as well as Ireland will still need to restructure their debt - financial press- Says remains less certain whether Spain and Portugal will have to restructure.
[15:37] {samire} yes
[15:37] {samire} took tza
[15:37] {samire} thanks Vad
[15:37] {Threei} cool :)
[15:38] {Threei} was worried you may have stepped away and missed it
[15:38] {Threei} would be a shame, I prepared this play very thoroughly
[15:38] {samire} VAD...R U STILL IN TZA ?
[15:38] {Threei} half
[15:38] {samire} I AM OUT
[15:38] {nemo} I didn't take it I looked at it and couldn't see a thing
[15:39] {Threei} [15:32] {Threei} second part is closer to .20
[15:39] {samire} THANX
[15:39] {Threei} how about trust me, once, for a change...
[15:40] {Threei} out second part .18
[15:40] {samire} BYE .....ALL
[15:41] {Threei} beautiful selloff
[15:41] {Threei} just as planned
[15:43] {Threei} 1:4
[15:43] {Threei} trailing, want my .50
[15:43] {nemo} you writing this up as catch of the day?
[15:44] {Threei} feeling lazy to make a screenshot...
[15:44] {Threei} will just refer to it
[15:45] {Threei} 1:5
[15:45] {nemo} ,72 should be spy bottom
[15:45] {Threei} last push please
[15:46] {nemo} got your .50
[15:46] {Threei} but I want .50 as in 38.50
[15:46] {Threei} 15:26] {Threei} 38.50 is not out of question
[15:46] {Threei} trailing aggresively now, to .25
[15:55] {Threei} how about that
[15:55] {Threei} .50
[15:55] {Threei} out and happy
[15:55] {Threei} tested .28 on pullback, 3 cents to my trail
[15:55] {dino} gj
[15:55] {Threei} ty
[15:56] {Threei} thank you all, have a great evening
[15:57] {Threei} see you tomorrow
[15:59] {dino} gn all, thx
