Monday, June 27, 2011

Jun 27 2011

Started day with a few stops, and even though caught some wins later on, still finished day in red. 

Session Time: Mon Jun 27 00:00:00 2011
[08:45] {davd} gm all
[08:45] {Threei}  morning davd
[08:47] {nemo} should be quiet week...big holiday coming up, earnings don't start until the 11th
[08:47] {Threei}  unless Greece thing heats up
[08:47] {nemo} yeah, if we could get a couple of big bank failures back to the good old days of FAZ ;)
[08:51] {Threei}  (GR) Greece Gov't Spokesperson: To begin state asset sales in two-three months
[08:51] {Threei}  - Sales to begin once state agency is set up
[08:51] {Threei}  ** FX dealers noted that last week a journalist asked EU Juncker about the Greek privatization plan by suggesting to him that - under the terms - Greece had to effectively sell an asset every 10 days...and given that they haven't sold anything in over a year how does he expect them to do this. Juncker's answer: "They will have to do so."
[09:04] {Threei}  German Dep Fin Min Asmussen: The euro is in danger of losing legitimacy
[09:04] {Threei}  that's a laugh
[09:11] {RonS} gm...3i, ever heard of or been to Red Fish Blue Fish?
[09:12] {Threei}  Ron :)
[09:12] {Threei}  no
[09:12] {Threei}  well, walked by
[09:12] {Threei}  haven't been to
[09:13] {Threei}  why?
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:14] {RonS} they were featured on one of the food channels
[09:15] {RonS} supposedly better fish and chips than in Britain
[09:15] {dino} gm all
[09:15] {Threei}  quite an achievemtn for what is essentially fast food destination :)
[09:15] {Threei}  dino :)
[09:16] {Threei}  it's more like a kiosk on the shore
[09:17] {Threei}  you come in, stand in line, get your food in a paper tray or plate, sit at the wooden table or (more likely) stand anywhere around and eat with plastic fork
[09:18] {Threei}  http://www.urbanspoon.com/u/photo_list/1349017?photo_id=213567
[09:19] {Threei}  http://www.urbanspoon.com/u/photo_list/1349017?photo_id=182300
[09:19] {Threei}  you get the idea
[09:22] {RonS} yep, that's the place...anyway, Victoria has lots to see and do...
[09:23] {Threei}  oh yeah
[09:24] {Threei}  5 years in, I still discover new places, attractions etc
[09:24] {RonS} quite amazing for such a small town, special place imo
[09:25] {Threei}  very
[09:25] {Threei}  and small is relative... it's spread out big time
[09:26] {Threei}  most tourist never venture out of core, and even thatg can keep them busy for many days
[09:27] {Threei}  slight gap up slowly dissipates
[09:28] {Threei}  RIMM, spread is too wide for now but if tightens and consolidates close to .60, short on breakdown of this support is in order
[09:28] {Threei}  uhhu
[09:28] {Threei}  forget it
[09:29] {ese} gm
[09:29] {Threei}  ese :)
[09:29] {Threei}  also, Ron, among what (well, who) to see here are ese, patience and pragmatic :)
[09:29] {RonS} @businessinsider Apple Will Have TWO New iPhones In September
[09:30] {Threei}  yeah, we have not enough of those
[09:30] {Threei}  RIMM decided not to wait for us
[09:30] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:31] {Threei} Short Setup: SLW  .40 break
[09:31] {Threei}  late too
[09:31] {jfjf64} yes
[09:31] {Threei}  OK, waiting for bounces for entry
[09:32] {Threei}  RIMM is bouncing
[09:32] {Threei} Short Setup: RIMM  .60 break
[09:32] {nemo} slw long here?
[09:32] {Threei}  stop above .70
[09:32] {Threei}  no SLW
[09:34] {Threei}  1:1
[09:34] {Threei}  ugh, missed SLW .25 break short
[09:35] {larisa} .73 is not above .70 ? or my chart is wrong ?
[09:35] {Threei}  not wrong
[09:36] {larisa} k
[09:36] {Threei}  discretionary rather as it was widening spead witn couple prints above .70
[09:36] {Threei}  immefiately dropped back down
[09:36] {jfjf64} 3i  pls  dont  get  larisa  mad
[09:36] {Threei}  what am I suicidal
[09:36] {jfjf64} lol
[09:37] {Threei} Long Setup:  FCX  .70 break
[09:37] {Threei}  if stays above .60
[09:38] {jfjf64} comon  baby
[09:38] {jfjf64} bounceeeee
[09:39] {Threei}  no go
[09:43] {Threei} Short Setup: SLW  .30 break
[09:44] {Threei}  stop above .40
[09:45] {Threei}  what's with this market ramp up, no news
[09:45] {dino} flo?
[09:45] {Threei}  3-2 split
[09:46] {dino} ty
[09:47] {Threei}  no go SLW
[09:51] {Threei}  frikin RIMM
[09:53] {Threei} Long Setup:  RIMM  .10 break
[09:53] {Threei}  stop under 28
[09:54] {Threei}  if this one doesn't work, I go to a monastery for the next 3 years
[09:55] {Threei}  see you in 2014
[09:55] {larisa} no, no vacation for you :)
[09:55] {jfjf64} by  by
[09:55] {Threei}  oh come on larisa...
[09:55] {Threei}  it's either that or I;ll have to eat your keyboard
[09:56] {Threei}  not in tune with market at all this morning
[09:58] {Threei}  cutting size to half for the next few trades
[09:58] {nemo} don't forget cutting your wrists with a banana
[09:59] {Threei}  last time I tried to do that, you said I need a new line
[09:59] {nemo} yeah, but I can use it
[09:59] {Threei}  I just can't win, can I
[09:59] {Threei} Long Setup:  FCX  .85 break
[09:59] {nemo} boo hoo
[09:59] {Threei}  if stays above .75
[10:00] {Threei}  invalidated
[10:02] {Threei} Long Setup:  FCX  .80 break
[10:03] {nemo} took it .71
[10:03] {Threei}  love aggressive entry
[10:03] {Threei}  1:1
[10:03] {nemo} saw bunch buying at .68
[10:11] {samire} oil is rebounding today
[10:11] {nemo} for now
[10:15] {dino} ctrp sm l .05
[10:16] {Threei} Long Setup:  LVS  .60 break
[10:18] {Threei}  after .65 break let's trail stop to .54
[10:19] {Threei}  and aim for .85 target, two partials
[10:20] {samire} stop now .54
[10:22] {samire} where is the first target ?
[10:24] {samire} half out
[10:24] {Threei}  right here
[10:24] {samire} .72
[10:24] {Threei}  correct
[10:24] {samire} thanx
[10:24] {Threei}  :)
[10:25] {Threei}  stop to .59 now
[10:25] {dino} nuva sm l .65
[10:26] {Threei}  US Supreme court rules against restrictions on violent video game sales- Rules California restrictions on violent video games is unconstitutional.
[10:28] {samire} Dino...stop on NUVA please
[10:29] {dino} out ctrp .37, +.32
[10:30] {dino} nuva is .47
[10:37] {Threei}  out second half LVS
[10:37] {Threei}  target hit
[10:38] {Threei}  tedious work of trimming down the morning loss, but that's how it must be done
[10:38] {samire} Thanx Vad
[10:38] {Threei}  try to go for "get it all back at once," you'll only accumulate more losses
[10:39] {jfjf64} exackytly
06[10:39] * nemo slaps jf with a large Threeish dictionary
[10:40] {Threei} Short Setup: RIMM  .05 break
[10:41] {dino}  hogs
[10:42] {Threei}  invalidated
[10:43] {dino} nuva stuck tighten to .57
[10:50] {dino} nuva to b/e
[10:51] {samire} thanx dino for posting
[10:51] {dino} np
[10:54] {dino} nuva to .69
[10:55] {dino} stop +.04
[10:59] {samire} thanx again
[10:59] {Threei}  (GR) EU working on contingency plans for Greece in case its Parliament reject austerity plan on Wednesday
[10:59] {Threei}  - financial press citing sources
[10:59] {Threei}  - Have ruled out some options, including an EU bridge loan.
[10:59] {Threei}  - One contingency plan still under consideration is for a third party to extend a new loan to Greece.
[11:00] {Threei}  third part?
[11:00] {Threei}  lol
[11:00] {Threei}  mars?
[11:00] {Threei}  jupiter?
[11:00] {RonS} China?
[11:01] {RonS} Turkey?...lol
[11:01] {Threei}  i doubt anyone on thisa planet still doesn't know greece is a black hole
[11:01] {RonS} Zimbabwe?
[11:08] {ese} they need to let that country go bankrupt.......some bond holders then loose alot of money....or whomever loooses alot of money....they start over then people can make some money....it's healthy
[11:09] {Threei}  totally ese
[11:09] {dino} agreed, it will happen sooner or later. if i was greece, i'd take sooner
[11:09] {RonS} nemo, where's that dictionary?
[11:11] {ese} dino whats sm for you 3 or 4
[11:12] {ese} lookin at NBR here
[11:13] {dino} 4
[11:13] {dino} hmpr blood
[11:14] {RonS} reverse split
[11:14] {ese} whats the story there dino
[11:15] {dino} troubled bank
[11:15] {RonS} sorry, that was in April...
[11:15] {dino} mmi drop
[11:16] {ese} arn't they all
[11:16] {dino} lol, and yes
[11:20] {Threei}  be back in 20
[11:31] {dino} xco sm l .01
[11:31] {dino} stop .89
[11:32] {ese} L onty.15
[11:35] {RonS} EXCO Resources (XCO) drops after CEO Douglas Miller is considering buying part of the company after financing problems prevented him from taking it private, The Wall Street Journal said, citing people familiar with the situation.
[11:36] {dino} ty
[11:41] {dino} trex sm l .50 stop .33
[11:42] {Threei}  back
[11:47] {dino} trex stopped
[11:51] {Threei} Short Setup: X  .85 break
[11:52] {Threei}  invalidated
[12:02] {dino}  ctrp sm l .00
[12:02] {dino} stop .87
[12:10] {ese} onty stop to .10
[12:19] {Threei}  X, was worth re-validating
[12:19] {Threei}  I guess I am overly hesitant
[12:22] {patience} good morning, have i missed much?
[12:23] {dino}  no
[12:24] {Threei}  nope
[12:24] {Threei}  not our day so far
[12:24] {patience} is it comex expiry today?
[12:26] {dino} trex rinse
[12:35] {dino}  out xco .30, +.29
[12:37] {Threei} Short Setup: X  .60 break
[12:40] {ese} onty stop to .13
[12:57] {samire} go down X
[12:59] {samire} in short
[13:00] {dino}  zzzzzzz
[13:01] {Threei}  zzz is right
[13:02] {Threei}  this is beyond incredible
[13:02] {Threei}  tell me, am I sleeping and this is a nightmare:
[13:02] {Threei}  (US) Fed's Hoenig: Large banks putting US capitalism at risk
[13:03] {Threei}  Fed's guy says it?????
[13:03] {ese} zzzzzzzzzzzzzzzzzz
[13:04] {Threei}  X is not cooperating
[13:06] {dino} lol, the feds made those banks larger
[13:07] {RonS} ...and the Fed has sponsored a 20 year push to conslidate the whole sector
[13:07] {RonS} consolidate
[13:07] {Threei}  this is bizaaro world
[13:08] {dino} indeed
[13:15] {ese} onty stopped .13 -.02
[13:15] {ese} daaaaaaaaaaaaaaaaaaa
[13:20] {ese} shoulda taken my 120 bucks when i had the chance......auch du miya!!!!
[13:42] {ese} arent' we a lively bunch today ehhh?
[13:42] {Threei}  very uncooperative day
[13:47] {dino}  nothing moving
[13:49] {RonS} ferts
[13:56] {samire} slightly (- 8) red day for me
[13:56] {Threei}  red here so far too
[13:56] {Threei}  not pushing anymore, just waiting to see if mighty day-fixing trade comes along
[13:57] {dino} just looking for spikes and fast falls
[14:01] {davd} spy over r1
[14:16] {samire} yes
[14:23] {Threei}  Over 70% of the Greek people in a recent poll indicated they are opposed to further debt enslavement by the Euro banksters and the Greek government.
[14:23] {Threei}  vote on Wed
[14:24] {Threei}  vote no would be extremely explosive for the markets
[14:24] {Threei}  or implosive?
[14:26] {patience} .
[14:28] {RonS} wonder if a no vote will trigger a full run on the greek banks...
[14:29] {dino} and european banks, and usa banks
[14:29] {davd} isnt the vote wednesday?  ive lost track.
[14:30] {RonS} yes dave
[14:30] {Threei}  14:23] {Threei} vote on Wed
[14:30] {Threei}  davd... you are making me cry
[14:31] {davd} well, my question was timely.  i just missed the little important line
[14:31] {RonS} making you feel like a cherokee eh 3i?
[14:31] {RonS} ...trail of tears...
[14:31] {Threei}  like roger dangerfield
[14:32] {RonS} rodney
[14:32] {Threei}  right
[14:32] {Threei}  "I get no respect"
[14:32] {RonS} unless roger was the canadian knockoff...
[14:33] {dino} ctrp to .35
[14:33] {Threei}  nah, I just forgot the name
[14:33] {dino} out .37, +.37
[14:34] {RonS} 3i...r u watching lvs for a L setup?
[14:37] {Threei}  would need a bit pullback for that
[14:37] {Threei}  in a slow creep-up it's almost impossible tofind an etnry
[14:38] {Threei}  no consolidation under 40
[14:45] {dino} chnr
[14:48] {Threei}  pullback into support, LVS
[14:57] {Threei}  I'd expect things to heat up tomorrow and be fairly hectic on Wed
[15:16] {RonS} lol...Wedding planners aren't the only ones riding the gay-marriage gravy train.
[15:17] {RonS} Lawyers, too, are expecting a bonanza -- from gay divorce
[15:20] {RonS} ...reminds me of the old saw:  why is divorce so expensive?
[15:21] {Threei}  well? :)
[15:21] {samire} amsc
[15:21] {RonS} ...because it's worth it...
[15:22] {Threei}  lol
[15:24] {dino} what are the 3 rings of marriage
[15:24] {samire} amsc high of the day
[15:24] {RonS} dunno dino
[15:25] {dino} engagement ring, wedding ring, and suffering
[15:27] {samire} Vad.....are you still looking for trades today   ???
[15:27] {RonS} have i told you guys the dennis rodman quote when he broke w/ cameron diaz?
[15:27] {samire} or should we call it a day
[15:28] {Threei}  still looking samire
[15:28] {Threei}  but I will go for it only if signs of selling appear
[15:28] {Threei}  not going to buy into stall or slow crrep
[15:28] {dino} no ron
[15:29] {RonS} ...there is not a beautiful woman in the world who does not have some guy somewhere who is thanking god he is away from her...
[15:30] {nemo} that's a euphemistic way of putting it
[15:31] {nemo} great...nephew just brought home a baby robin...hope Bunny isn't the jealous type
[15:32] {RonS} lol...how would you know?...
[15:32] {nemo} Well, Bunny is a female
[15:34] {samire} boring
[15:34] {RonS} if she starts cheeping that might be a clue...
[15:36] {Threei} Long Setup:  TZA  .67
[15:38] {Threei}  last attempt to squeeze something out of this day
[15:41] {Threei}  want to exit half near .80
[15:53] {Threei}  running out of time...
[15:53] {davd} in tza .67
[15:54] {Threei}  don't carry it overnight davd
[15:55] {Threei}  risk of gap up is huge
[15:55] {davd} how about till 5pm after hours?
[15:55] {Threei}  dunno...
[15:55] {nemo} spy  gonna bounce
[15:56] {dino}  well, calling it a day, slow one, but positive. thx all
[15:56] {Threei}  good jiob dino, negative here
[15:56] {davd} hmmm waiting re tza
[15:57] {davd} out tza .75
[15:57] {Threei}  forget partialing, going to exit whole of course
[15:57] {Threei}  out too
[15:57] {Threei}  at least finishing day with winning trade, lol
[15:59] {samire} thanx vad
[15:59] {samire} exited .77
[15:59] {samire} = .10
[16:00] {samire} +
[16:00] {davd} tx vad
[16:00] {Threei}  sure
[16:00] {Threei}  OK guys
[16:00] {Threei}  not a stellar day by any means
[16:00] {Threei}  but heck
[16:00] {samire} bye
[16:00] {Threei}  have a good evenbing, see you tomorrow