Thursday, July 7, 2011

Jul 07 2011

Positive but so boring day. I must have mentioned a few times how I hate big gap up days....

Session Time: Thu Jul 07 00:00:00 2011
[08:15] {Threei}  *(US) JUN ADP EMPLOYMENT CHANGE: 157K V 70KE
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 418K V 420KE; CONTINUING CLAIMS: 3.681M V 3.70ME
[08:54] {Threei}  (EU) ECB Trichet: ECB staff projections already incorporate rate increase; staff publishes ranges in order to capture uncertainty; reiterates ECB does not precommit on rates - Q&A
[08:54] {Threei}  - Today's decision to raise rates was important, ECB always does what is necessary to maintain price stability.
[08:54] {Threei}  - Rate hikes were made at the right time in order to maintain price stability.
[08:54] {nemo} huge gap up, gonna' be a slow day
[08:54] {Threei}  (PO) ECB's Trichet: ECB has decided to suspend minimum credit threshold for Portugal - rate decision Q&A
[08:54] {Threei}  - To issue a press release on Portugal collateral in the near future.
[08:54] {Threei}  - ECB says no to a credit event, no to a selective default.
[08:55] {Threei}  jumped on ADP employment numbers
[09:07] {_carson} gap up
[09:08] {Threei}  hate it
[09:08] {_carson} lol OIL up like crazy
[09:08] {_carson} wow
[09:12] {Threei}  dino, go home
[09:12] {larisa} gm :)
[09:12] {Threei}  larisa :)
[09:12] {_carson} slw in the $36s
[09:13] {_carson} silver will pullback
[09:13] {dino} lol 3i, but probably right
[09:13] {_carson} it crossed the 20ma and it has a habit of pulling back
[09:17] {Threei}  SPY daily looks horribly overstretched
[09:17] {nemo} remember last summer
[09:18] {_carson} i cant believe we are @ highs in the SPY
[09:18] {_carson} 135s??? wow
[09:22] {samire} gm
[09:22] {Threei}  samire :)
[09:25] {nemo} beginning of the Summer rally
[09:26] {_carson} beginning ?
[09:26] {_carson} its already rallied hard
[09:26] {nemo} yeah, only the beginning
[09:26] {nemo} started last week...earnings next week
[09:27] {ese} morning
[09:28] {Threei}  ese :)
[09:28] {RonS} ese, you may want to watch qpsa...gm  btw
[09:29] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {Threei} Short Setup: RIMM  .85 break
[09:31] {Threei}  stop above .95
[09:31] {_edusantos} gm
[09:31] {Threei}  edu :)
[09:31] {_carson} ouch so fast
[09:31] {Threei}  1:1
[09:31] {_carson} :)
[09:31] {Threei}  you complain about fast profit?
[09:31] {Threei}  that's new
[09:31] {jfjf64} missed
[09:31] {jfjf64} too fast
[09:31] {_carson} missed thats why
[09:31] {_carson} :P
[09:31] {Threei}  come on... huge bid at .74 kept it there for you
[09:31] {_carson} 1:2 vad
[09:31] {Threei}  wake up you guys
[09:31] {_carson} haha
[09:31] {jfjf64} i know
[09:32] {_carson} nice trade Vad!
[09:32] {Threei}  not yet carson
[09:32] {Threei}  3 cents to 1;2
[09:33] {Threei}  one more sleepy head, connects after first win
[09:33] {ese} L DANG ..28
06[09:33] * Threei slaps pragmatic around a bit with a large alarm clock
06[09:33] * pragmatic wth
[09:33] {_carson} hahahah
[09:33] {ese} stop .19
[09:34] {jfjf64} v
[09:34] {patience} good morning
[09:34] {ese} out 1/2 .39
[09:34] {ese} +.12
[09:35] {ese} +.11
[09:35] {_carson} wow RIMM
[09:35] {jfjf64} gj
[09:35] {jfjf64}  ese
[09:35] {_carson} come back all the way up to .80s and then collapsed again
[09:35] {ese} tks
[09:37] {ese} out full Dang .49 +.20
[09:37] {_carson} very nice trade ese
[09:38] {ese} tks...nervy one
[09:38] {Threei}  anyone had RIMM?
[09:38] {Threei} Long Setup:  SLW  .80 break
[09:38] {ese} it's gonna keep goin i'm pretty sure
06[09:38] * pragmatic Started with RIMM this morning
[09:38] {Threei}  if stays above .70
[09:38] {ese} and there it goes
06[09:39] * pragmatic before you hit me with Alarm Clock
[09:39] {Threei}  if invalidates, wait for under .60
[09:40] {Threei}  next entry idea is .50 - .60 range
[09:42] {Threei} Long Setup:  SLW  .60 break
[09:42] {Threei}  if stays above .50
[09:42] {_normasue} no one is trading?
[09:42] {Threei}  ??
[09:43] {Threei}  1:1
[09:43] {Threei}  1:2
[09:43] {_carson} still holding
[09:43] {Threei}  out
[09:44] {Threei}  during fast morning action, we trade more than talk, norma
[09:44] {_carson} out .78 +.17
[09:44] {jfjf64} ny  3i
[09:44] {Threei}  yw
[09:44] {jfjf64} ty
[09:44] {dino} cnw sm s .01
[09:46] {samire} thanx Va
[09:46] {samire} Vad
[09:48] {Threei}  welcome samire
[09:48] {dino} cov cnw .91, +.10
[09:48] {dino} damn bstop too tight
[09:48] {samire} i went in big in slw
[09:49] {samire} i liked the set up
[09:49] {samire} quick cash
[09:49] {Threei}  :)
[09:50] {Threei} Short Setup: RIMM  .60 break
[09:51] {Threei}  invalidated
[09:51] {_carson} the way rimm trades scares me off
[09:52] {RonS} dino, tracking ILMN...
[09:52] {_carson} lol vad slw...not again today
[09:52] {_carson} daaaaaaaayemm
[09:53] {Threei} Long Setup:  FCX  55 break
[09:53] {nemo} oops
[09:53] {Threei}  stop under .90
[09:53] {RonS} nuts, ilmn held 76...was looking for a washout
[09:54] {Threei}  no go
[09:56] {Threei}  sheesh RIMM
[09:58] {Threei} Long Setup:  SLW  37 break
[09:58] {Threei}  if stays above .90 of coirse
[09:59] {Threei}  FCX rinse
[09:59] {Threei}  this is just wrong
[09:59] {Threei}  inhumane
[10:00] {_carson} ys
[10:01] {Threei}  *(DE) DENMARK CENTRAL BANK RAISES RATES
[10:01] {Threei}  nothing rotten about that
[10:02] {Threei}  FCX, this is just a mockery on your part
[10:02] {_carson} whatre they doing here with SLW
[10:02] {Threei}  who?
[10:02] {_carson} is this teasing ?
[10:02] {_carson} MMs ...lol
[10:03] {Threei}  fiorget this "MM" crap
[10:03] {Threei}  there are setups, trade them
[10:03] {Threei}  they are proven over many years of practice
[10:03] {nemo} "MM"?
[10:03] {_carson} marketmakers
[10:03] {Threei}  1;1
[10:03] {dino} m&m's
[10:04] {Threei}  lol
[10:04] {Threei}  tell you what
[10:04] {nemo} ROST
[10:04] {Threei}  as soon as you find outfit that pushes "marketmakers, what they are doing, how to decipher their actions and profit from them" - don't walk, run
[10:05] {dino} cyou spike
[10:05] {Threei}  this crap worked half-ass in 1997
[10:05] {_carson} haha :D
[10:05] {Threei}  1/4 ass in 1999
[10:05] {Threei}  never since
[10:06] {RonS} ese's stock dino?
[10:07] {samire} 36.99 was our stop on second half ?
[10:07] {samire} is that correct ?
[10:07] {Threei}  if you partial, yes
[10:07] {samire} that is what i did
[10:07] {Threei}  right
[10:07] {samire} yes
[10:07] {Threei}  you are getting the routine down
[10:07] {Threei}  great to see
[10:07] {Threei}  fast learner
[10:07] {samire} finally
[10:08] {samire} i am nicely green today
[10:08] {Threei}  you become green as soon as you stop being yellow
[10:08] {RonS} kermit or the hulk?
[10:08] {dino} cnw sm s .89
[10:08] {Threei}  :)
[10:09] {Threei}  come on Ron... you busted me for my bad jokes so many times, you could pat me on the back for the half decent one
[10:09] {dino} ?ron?
[10:09] {dino} ntes drop
[10:10] {Threei} Short Setup: FCX  .20 break
[10:10] {Threei}  if stays under .30
[10:11] {Threei}  not a scalp if sets up
[10:12] {Threei}  should be capable of more
[10:12] {Threei}  usual routine fo three partials
[10:12] {Threei}  of
[10:13] {Threei}  shall we dance, FCX??
[10:13] {Threei}  ok
[10:13] {Threei}  let's
[10:15] {Threei}  no go
[10:15] {Threei}  this one just won't cooperate today
[10:16] {Threei}  (US) President Obama proposes a mortgage break for period of 1 year for unemployed persons
[10:16] {Threei}  (US) Three key senators reach agreement that will allow termination of $6B ethanol tax credit
[10:16] {Threei}  wow... common sense prvails??
[10:17] {RonS} ya, so who's paying for that?
[10:17] {nemo} guarantee you there are other subsidies coming in to replace them
[10:20] {dino} cnw bstop to .69
[10:20] {Threei}  how I hate these huge gap up days... so difficult to find decent trade
[10:20] {_carson} anyone see RIMM run like crazy ?
[10:20] {_carson} i just saw it
[10:22] {dino} cnw to .59
[10:25] {dino} cov +.30 cnw
[10:26] {nemo} oil in 4
[10:30] {dino} fst sm l .24
[10:32] {ese} L REE.54
[10:36] {samire} where is your stop dino on fst
[10:36] {samire} Vad...fst is setting up for long
[10:37] {dino} .89
[10:38] {Threei}  not sure samire
[10:44] {Threei}  not delighted by how it trades
[10:44] {Threei}  can continue sliding just as easy
[10:46] {_carson} its got that double bottom look to it
[10:46] {_carson} on 2s
[10:46] {dino} this market is nuts
[10:47] {nemo} IWM and QQQ just running
[10:47] {dino} the bi-polar market, 10 dats ago death, now extreme joy
[10:47] {Threei}  SLW weakens a bit
[10:47] {dino} days
[10:48] {patience} what is philip morris called these days, anybody know?
[10:49] {RonS} mo
[10:49] {patience} ty
[10:49] {RonS} but there is another that is international...
[10:50] {patience} oh ok
[10:50] {_edusantos} MPEL
[10:50] {_edusantos} .30 break
[10:50] {_edusantos} stop .24
[10:51] {nemo} looks good edu
[10:52] {dino} ll lod
[10:52] {_edusantos} ty
[10:52] {Threei}  1;1
[10:52] {Threei}  I am retiring edu, you take over
[10:52] {_edusantos} half out
[10:52] {nemo} VWAP .60 and falling on mpel
[10:53] {_edusantos} lol
[10:53] {nemo} S1 .49
[10:53] {nemo} what's 1:1 Vad?
[10:54] {Threei}  edu's MPEL
[10:54] {pragmatic} its a hidden, superprofitable trade (not posted for purpose)
06[10:54] * pragmatic :)
[10:54] {nemo} Where's that frickin' list....
[10:55] {Threei}  conspiracy theorists be smacked
[10:55] {dino} dog ate it
[10:55] {nemo} no dog, rabbit
[10:58] {RonS} oil futes 99.40
[10:59] {RonS} report is now due to 7/4
[11:01] {Threei}  *DOE CRUDE: -890K V -2.5ME; GASOLINE: -635K V +250KE; DISTILLATE: -190K V +1ME; UTILIZATION: 88.4% V 88.5%E
[11:03] {Threei}  look at this
[11:03] {Threei}  (PO) Follow Up: ECB confirms change in eligibility of debt instruments issued or guaranteed by the Portuguese government (update)
[11:03] {Threei}  - ECB decided to suspend the application of the minimum credit rating threshold in the collateral eligibility requirements for the purposes of the Eurosystems credit operations in the case of marketable debt instruments issued or guaranteed by the Portuguese government. This suspension will be maintained until further notice. The Portuguese government has approved an economic and financial adjustment programme, which has been negotiated with the European Commission, in liaison with the ECB, and the International Monetary Fund. The Governing Council has assessed the programme and considers it to be appropriate. This positive assessment and the strong commitment of the Portuguese government to fully implement the programme are the basis, also from a risk management perspective, for the suspension announced herewith.
[11:03] {Threei}  The suspension applies to all outstanding and new marketable debt instruments issued or guaranteed by the Portuguese government.
[11:03] {Threei}  - Reminder: ECB's Trichet earlier commented that a release on this change would be upcoming following the press conference
[11:04] {Threei}  sp, they essentially gave Portugal card blanche to issue any amount of debt with no collateral
[11:04] {RonS} eur hod
[11:04] {Threei}  housing boom/bust showed us how it ends
[11:05] {dino} eur makes no sense w/piigs faltering
[11:05] {Threei}  actually it does...
[11:05] {Threei}  can is getting kicked down the road
[11:05] {Threei}  who cares what happens in a year
[11:07] {samire} GT on 2s
[11:07] {samire} long
[11:07] {samire} .54
[11:07] {samire} if triggers
[11:07] {RonS} mpel overhead supply seems endless
[11:08] {samire} .49 now
[11:09] {samire} go GT
[11:09] {samire} in .49
[11:09] {samire} on 2 minute chart
[11:10] {samire} half out
[11:10] {samire} stop to .48
[11:10] {dino} i would think it would be the biggest short out there, but ut keeps going up
[11:10] {_carson} thanks samire
[11:10] {_carson} took that one
[11:10] {samire} dino...u need private lessons
[11:10] {Threei}  edu... sorry but you are going to have to run the room together with samire
[11:11] {dino} tmh sm l .50
[11:11] {samire} make all payment to samire from now on (not to Vad)
[11:11] {Threei}  half
[11:11] {Threei}  half still to edu
[11:11] {samire} deal
[11:12] {_normasue} crox  good short
[11:12] {Threei} Long Setup:  SLW  .82
[11:12] {Threei}  if stays above .75
[11:12] {nemo} vwap .84
[11:13] {samire} invalid
[11:13] {jfjf64} ty  sam
[11:14] {Threei}  invalidated but looking for another entry
[11:14] {samire} ok
[11:15] {Threei}  .70 break if holding .65
[11:18] {Threei}  half out
[11:18] {Threei}  scalpers just be happy
[11:19] {_carson} im happy :/
[11:19] {_carson} lol
[11:19] {Threei}  good to know :)
[11:20] {dino} lol sami
[11:20] {samire} sign up for my course dino
[11:21] {samire} www.aaaaaa.com
[11:23] {jfjf64} cnc
[11:23] {dino} fst to b/e
[11:23] {RonS} mpel to breakdown
[11:23] {dino} sami, beware the trading gods
[11:23] {_normasue} out crox
[11:23] {Threei}  nice one
[11:24] {RonS} blew out your flip flop?
[11:24] {Threei}  also, beware ides of march and greeks bearing debt
[11:24] {Threei}  sorry, gifts
[11:24] {samire} cnc on 2
[11:25] {samire} from jf
[11:26] {dino} fst to .64
[11:26] {_edusantos} MPEL capi
[11:26] {dino} out fst +.40
[11:26] {_carson} nice run
[11:26] {_carson} i cut that trade flat
[11:26] {_carson} lol
[11:26] {jfjf64} gj  dino
[11:27] {dino} ty
[11:27] {Threei}  why carson?
[11:27] {dino} for all the heckling sami is throwiong at me, i am 4/4
[11:27] {_edusantos} MPEL .18 break
[11:28] {_edusantos} stop .12
[11:28] {samire} edusantos......are u in (...) room with me ?
[11:29] {Threei}  http://www.reuters.com/article/2011/07/07/us-china-jiang-idUSTRE7661IU20110707
[11:29] {_edusantos} sami?
06[11:29] * pragmatic away
[11:29] {samire} www.editedout.com
[11:30] {samire} they are calling mpel
[11:30] {Threei}  edu, that's another service which samire considers inferior to ours but continues promoting it here {G}
[11:30] {_carson} ahhahahaha
[11:30] {_carson} sorry i burst out laughing
[11:30] {samire} Vad is the best
[11:30] {_edusantos} rolf
[11:30] {samire} I write about him at the other room
[11:31] {Threei}  thank you but I would appreciate that you promoted this opinion over there instead of doing the opposite {GGG}
[11:31] {nemo} massive iwm volume
[11:31] {_carson} OMG
[11:31] {_carson} i was drinking milk
[11:31] {_carson} and i burst out laughing
[11:31] {Threei}  need new keyboard, carson?
[11:31] {_carson} and now its all over my desk
[11:31] {_carson} thanks Vad
[11:31] {_edusantos} stop MPEL
[11:32] {_edusantos} damn (...)
[11:32] {_edusantos} lol
[11:32] {Threei}  rofl
[11:32] {Threei}  now my keyboard is shot
[11:32] {Threei}  coffee
[11:33] {samire} i did not take mpel....it is casino
[11:35] {Threei}  ok samire, you are going to have to click that +1 button, to make up for my keyboard
[11:35] {Threei}  and overall, you guys... just 3 of you would recommend the RT site to others??
[11:35] {_normasue} are you still in fst?
[11:36] {samire} no
[11:36] {dino} no, out .64
[11:37] {_normasue} good trade dino
[11:37] {dino} sorry vad, never went there
[11:37] {_normasue} looking to short 25.10
[11:37] {Threei}  I am crying in the corner dino
[11:37] {dino} ty norma
[11:38] {_carson} i did it now too vad
[11:38] {_carson} it showed up for me
[11:38] {dino} sorry buddy, but was busy trading
[11:38] {Threei}  thank you carson
[11:38] {dino} you know you have the best trading site going, you are a machine
[11:38] {Threei}  thanks... I just want more people to kow that :)
[11:39] {Threei}  I also want them not to have any illusions about my spelling
[11:41] {dino} do i need goggle acct to recommend?
[11:41] {Threei}  I think so
[11:42] {dino} don't have one
[11:42] {Threei}  don't bother then
[11:42] {RonS} and broadband...hehe
[11:42] {Threei}  makes no sense to go throuigh the hassle just to click one button :)
[11:42] {Threei}  lol
[11:42] {dino} lol ron, yeah my dialup is slow
[11:43] {Threei}  hmmm... who withdrew their recommendation?
[11:43] {Threei}  4 went down to 3 again, lol
[11:43] {Threei} Short Setup: SLW  .58
[11:45] {samire} hk on 2
[11:46] {_normasue} fst long
[11:46] {nemo} wow see that print at .61 on fst
[11:48] {_normasue} out fst
[11:48] {samire} took hk on 2
[11:48] {samire} 25.00
[11:49] {dino} gj norma
[11:49] {RonS} same here samire...poet and don't know it...
[11:49] {_normasue} tks
[11:50] {_normasue} crox back up to resistance
[11:53] {samire} sold hk for small profit
[11:53] {samire} it is not moving the way i want it
[11:53] {samire} covered comiisions plus some cash
[11:54] {RonS} same here samire...$4
[11:54] {samire} buy ice cream Rons
[11:56] {RonS} ron is fine samire...
[11:56] {dino} rah
[11:56] {dino} spike
[11:56] {samire} looking for secondary 5s on HK for a second entery
[11:56] {_normasue} did you get that dino?
[11:57] {samire} dino lives in the dark ages
[11:57] {RonS} he would be shorting it norma...
[11:58] {dino} missed short entry, wanted 89.30
[11:58] {dino} now at 88.70
[11:58] {_normasue} fast
[11:58] {dino} yeah
[11:59] {dino} we get it, we get it. otherwise there's always another
[12:00] {samire} taking 1 hour break
[12:00] {samire} can u survive  ?????
[12:01] {samire} Vad is in chaarge now
[12:01] {Threei}  you got another room to run for an hour, samire?
[12:01] {Threei}  I'll hold the fortress here, no worry
[12:02] {dino} lol
[12:02] {_carson} LOL
[12:02] {_normasue} fst bassing
[12:02] {Threei} Long Setup:  CROX  28 break
[12:02] {Threei}  just a scalp
[12:02] {_normasue} .01 right
[12:03] {Threei}  yeah
[12:03] {Threei}  if that huge offer clears, should move a bit
[12:05] {dino} brb
[12:05] {Threei}  also, look at intraday... 28 served as resistance for a long time
[12:05] {Threei}  dam break effect
[12:05] {_normasue} what is brb?
[12:05] {Threei}  be right back
[12:06] {_normasue} oh!
[12:06] {Threei}  :)
[12:06] {Threei}  realitytrader - place where you trade, learn internet abbreviations and listen to bad jokes
[12:06] {_carson} some are pretty good
[12:07] {jfjf64} nice photos
[12:07] {jfjf64} bad  jokes
[12:07] {Threei}  carson... I am afraid it doesn't reflect well on your sense of humor... {G}
[12:07] {Threei}  thanks jf
[12:07] {Threei}  I am more proud of my photos than of my jokes
[12:10] {_normasue} fst
[12:11] {Threei}  but, while CROX makes up its mind
[12:11] {Threei}  I have a photojoke for you
[12:11] {Threei}  http://www.realitytrader.com/vad/P6223219.JPG
[12:12] {_carson} HAHAHAHAHAAHHAAHHA
[12:12] {_carson} thats vad
[12:12] {_normasue} out fst
[12:12] {Threei}  mowing the lawn is always joy, ain't it
[12:12] {dino} little over dressed for it
[12:12] {Threei}  nope... I just consider it a real celebration
[12:13] {Threei}  (GR) EU's Juncker: The EU should temporarily suspend co-financing rules for Greece
[12:13] {Threei}  but of course
[12:13] {dino} lol. i just have my son mow it
[12:13] {Threei}  well, you are lucky
[12:13] {Threei}  mine moved out already
[12:14] {_normasue} how many cents do you consider for a scalp?
[12:14] {dino} depends on size
[12:14] {Threei}  it's not cents, it's risk/reward ratio
[12:14] {Threei}  1:1 is a scalp
[12:14] {_normasue} thank you
[12:16] {dino} ron, our old friend clw has no pulp today
[12:16] {Threei}  now, what does one do after enjoying the activity? (lawn mowing of course)?
[12:16] {Threei}  http://www.realitytrader.com/vad/P6233237bw.jpg
[12:17] {dino} roflol
[12:17] {ese} REE.....Finally!!!!!!!
[12:18] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:18] {ese} wake me when it's over
[12:20] {Threei} Long Setup:  SLW  .75
[12:20] {Threei}  if stays above .70
[12:22] {_edusantos} is this http://www.realitytrader.com/vad/P6233237bw.jpg the new James Bond?
[12:22] {_edusantos} looks fine
[12:22] {Threei}  well, ask me if I orefer shaken or stirred, and you 'll have your answer
[12:23] {_edusantos} lol
[12:23] {Threei}  SPY is about to start making new highs
[12:29] {_carson} i thought u called slw break of .70
[12:29] {_carson} im sure u did but i cant find it now
[12:29] {Threei}  [11:43] {Threei} Short Setup: SLW .58
[12:29] {Threei}  never triggered
[12:30] {_carson} wait lol i made up a trade in my mind
[12:30] {_carson} then ? LOL i made like .07
[12:30] {_carson} hahahaha
[12:30] {_carson} .71 - .78
[12:30] {Threei}  half out
[12:31] {Threei}  scalpers know what to do
[12:31] {jfjf64} jingle jingle
[12:31] {Threei}  lol
[12:33] {_carson} half out
[12:33] {_carson} 85
[12:34] {_carson} out all 85
[12:35] {Threei}  half or all?
[12:35] {Threei}  make up your mind please, I am all confused
[12:35] {_carson} took half
[12:35] {_carson} then rest
[12:35] {_normasue} out slw all
[12:35] {Threei}  not that this state is anything new for me
[12:36] {Threei}  CROX invalidated
[12:36] {_carson} since the stop was only .05...i did 2x position size ...
[12:37] {Threei}  right
[12:37] {Threei}  that's how relation between stop and share size works
[12:37] {Threei}  so ytou keep the same monetary risk
[12:38] {Threei}  yet make trade worth your while even on a smallish move
[12:38] {Threei}  or keep risk down on volatile stocks with wider stops by decereasing size, dino style
[12:39] {_carson} ZAGG
[12:39] {_carson} citron came out
[12:39] {_carson} blasting it
[12:41] {Threei}  ZAGG Incorporated Hearing recent weakness attributed to cautious comments from Citron Research- Citron says ZAGG "is perilously dependent on a single concentrated retail relationship that in Citrons opinion puts it at huge risk of restatement."
[12:43] {_carson} hahah destroyed
[12:52] {dino} cato blood
[12:55] {_carson} XCO
[12:55] {dino} xco drop
[12:56] {_carson} whats the news vadddd
[12:56] {dino} ceo lowers bid to 18.50
[12:56] {Threei}  Exco Resources CEO said to have offered revised $18.50/shr bid for Exco that includes cash and stock; offer is said to lack committed financing - financial press
[12:58] {_carson} hmm
[12:59] {nemo} DDS
[13:04] {Threei}  (US) President Obama: Meeting with Congressional GOP leadership was very constructive, all parties agree that deal must be done before Aug 2nd; parties to meet again on Sunday to offer "bottom line" positions- Staff meetings to continue this week through Sunday.
[13:07] {jfjf64} slw
[13:12] {dino}  zzzzzzzzzzzzzzzzz
[13:12] {Threei}  no such symbol
[13:15] {nemo} FDX
[13:16] {jfjf64} ??
[13:19] {_carson} FDX
[13:19] {_carson} is gonna rock
[13:20] {_carson} its on twitter that break of 98 should bring something
[13:20] {dino} out tmh .82, +.31
[13:22] {_carson} BOOOOOOOOOOOOOOOM
[13:22] {_carson} it broke!
[13:23] {Threei}  my bet is, it's going to shake hard
[13:23] {Threei}  well, it'as abit too narrow for "hard" but still
[13:24] {nemo} twitter...the new Yahoo msg board
[13:24] {Threei}  in fact...
[13:24] {Threei} Short Setup: FDX  98 break
[13:25] {nemo} interesting
[13:27] {_normasue} target objective?
[13:27] {Threei}  can't tell really, lunch time trading is not very pattern-obeying
[13:28] {_normasue} tks
[13:28] {Threei}  if 98 is lost, spike down is likely to be quick
[13:28] {Threei}  so be fast on a trigger, don't chase and be ready to cover into sharp drop
[13:29] {_normasue} ok tks
[13:31] {samire} i am back....you all safe now
[13:31] {Threei}  whew
[13:31] {dino} tzoo drop
[13:32] {samire} Vad.......kick back...relax......enjoy
[13:32] {nemo} what does my safety have to do with your presence
[13:32] {nemo} ?
[13:32] {Threei}  thanks samire
[13:37] {samire} ftnt above .50
[13:37] {samire} long
[13:38] {samire} any other opinion
[13:38] {nemo} ;ppls gppd of ,arlet gpes tpp
[13:38] {nemo} looks good if market goes too
[13:38] {Threei}  stop is obvious on FDX
[13:38] {RonS} ditto what nemo said
[13:39] {Threei}  nemo would be advised to abandion my experience of typing with his fins... doesn't work very well
[13:40] {nemo} think it could drop to.15-.30 area, that's support below here
[13:40] {nemo} AN
[13:40] {samire} cancel ftnt 4 now
[13:40] {nemo} set alert for .30 area
[13:45] {Threei}  no go
[13:45] {nemo} wtf AN
[13:45] {samire} plcm on 2s
[13:47] {dino}  sm l ll .15 stop .89
[13:48] {nemo} market up ftnt down, next stop .20 area, then .05
[13:49] {nemo} ftnt might need a double bottom
[13:50] {samire} plcm
[13:50] {samire} waiting 4 trigger
[13:51] {Threei}  23% Confident Policymakers Know What Theyre Doing About The Economy
[13:51] {Threei}  seriously? 23% are so delusional?
[13:52] {dino} stopped
[13:54] {_normasue} fst short
[13:54] {samire} 33.01 is the new trigger plcm
[13:54] {samire} on 2s
[13:54] {nemo} ftnt getting interesting too
[13:54] {samire} can change
[13:54] {samire} yes
[13:56] {nemo} ftnt broke
[13:59] {_normasue} cover fst
[14:08] {nemo} plcm volume
[14:09] {samire} sold ftnt
[14:39] {Threei}  is it time for slow creep-up jokes?
[14:39] {ese} ya
[14:40] {dino}  indeed
[14:42] {nemo} plcm
[14:45] {ese} Did you heqr the one about the teacher who put iodine on his paycheck because he got a cut in pay?
[14:46] {dino} soda drop
[14:46] {nemo} why did the pervert cross the road?
[14:46] {ese} ?
[14:46] {ese} did nemo get cut off
[14:47] {nemo} dcc'd you ese
[14:47] {ese} didn't work
[14:47] {nemo} I'm waiting for acknowledgement
[14:47] {_edusantos} unfair
[14:47] {nemo} get used to it
[14:48] {ese} lol
[14:48] {_edusantos} lol
[14:49] {nemo} weird, now their is some kind of permission attached to dcc
[14:49] {dino} away
[14:50] {Threei}  just doubleclick for messaging
[14:50] {Threei}  don't use ddc route
[14:50] {Threei}  dcc
[14:50] {_carson} these stocks have RSI approaching 80s
[14:50] {Threei}  it's easy to use for virus sporeading so most ervers block it
[14:50] {_carson} when they gonna fall back down to earth
[14:50] {_carson} LULU
[14:50] {nemo} Vad has a famous quote:  "overboughter"
[14:51] {_carson} SLW
[14:51] {_carson} bam
[14:52] {patience} hft sweeps of hard stops, seems to happen every afternoon with V bounces
[14:53] {_carson} cant believe
[14:53] {_carson} Vad didnt notice SLW
[14:54] {Threei}  oh well
[14:54] {_carson} :)
[14:55] {Threei}  lol... these myths about HFT are eternal
[14:55] {Threei}  I give up on debunking them
[14:56] {dino} gpro spike
[14:56] {_carson} im short SLW
[14:56] {_carson} overnight
[15:02] {_edusantos} bye all and good evening
[15:02] {Threei}  take care edu
[15:02] {dino} cya edu
[15:06] {samire} plcm
[15:08] {_carson} gold has returned 242% in the past 5 years
[15:08] {_carson} 232%
[15:08] {_carson} thats ridiculous
[15:09] {_carson} so why wouldnt i take a million bucks and throw it in and 10 years later
[15:09] {_carson} its 2-3 million
[15:09] {Threei}  imagine what happens when it bursts
[15:09] {_carson} bursts ? u mean busts?
[15:09] {_carson} like falls down ?
[15:10] {Threei}  both... or either
[15:10] {_carson} but doesnt value of gold always go up ?
[15:10] {Threei}  sure... that's what they said about housing
[15:11] {_carson} during the recession
[15:11] {_carson} when stocks fell
[15:11] {_carson} 50%
[15:11] {_carson} gold returned 10%
[15:22] {Threei}  can't find any trade
[15:23] {Threei}  to get back to bubbles and their bursting... we heard the same about oil during its heydays, didn't we... with all the explanations why it was destined to go up and up and up, never looking back
[15:23] {Threei}  when it started retreating from 150, I said it was goingbakc to .60 and likely under... people were pointing fingers at me and laughing
[15:23] {Threei}  didn't take too long for laughter to stop
[15:24] {Threei}  less than half year in fact
[15:26] {Threei} Short Setup: PLCM  .50 break
[15:32] {samire} ocz
[15:33] {dino}  gotta hop, thx all, good time
[15:33] {Threei}  take care dino
[15:37] {samire} go ocz
[15:39] {_carson} oh vad...plcm
[15:39] {_carson} lol played u out .49 low
[15:40] {Threei}  did it ever lose .50?
[15:40] {Threei}  I ust have slept through it
[15:40] {nemo} look at jaso
[15:40] {Threei}  lol
[15:40] {nemo} rebate tradomg
[15:40] {nemo} trading
[15:41] {nemo} got threeish disease
[15:41] {Threei}  pretty much
[15:42] {Threei}  that's the kind of trading HFT guys do
[15:42] {nemo} evil bastids
[15:53] {nemo} alright, I'm blowing this clambake...peace and quiet
[15:53] {Threei}  yeah
[15:53] {Threei}  have a good evening guys, see you tomorrow, hopefully no gap up
[15:53] {nemo} in nomine patre, et fili...wtf sorry
[15:58] {larisa} bye :)