Wednesday, July 20, 2011

Jul 20 2011

Another clone. Need I say more?

Session Time: Wed Jul 20 00:00:00 2011
[08:32] {Threei}  (EU) CEPR: Failure to reach an agreement on a Greek bailout on Thursday could "end the euro zone as we know it"
[08:32] {Threei}  - Believes the EFSF needs operational independence, EFSF should be allowed to support banks directly, should be allowed to buy bonds on the open market.
[08:32] {Threei}  ***Note that the CEPR is the Centre for Economic Policy Research
[08:33] {patience} good morning
[08:34] {Threei}  morning patience
[09:15] {dino} gm all
[09:16] {nemo} optimist
[09:16] {Threei}  dino :)
[09:20] {Threei}  (US) Fitch: Deficits cuts are necessary to maintain confidence in US's "AAA" sovereign rating
[09:25] {RonS} gm everyone
[09:25] {Threei}  ron :)
[09:25] {Threei}  http://www.mnstate.edu/alm/humor/ThePlan.htm
[09:25] {nemo} altr
[09:25] {nemo} rvbd
[09:28] {larisa} gm :)
[09:28] {Threei}  larisa :)
[09:28] {larisa} vad :)
[09:29] {Threei}  looking to short SLW, need spread tightening
[09:31] {jfjf64} mornin
[09:31] {Threei} Short Setup: FCX  .30 break
[09:31] {Threei}  if stays under .40
[09:31] {Threei} Short Setup: SLW  .70 break
[09:32] {Threei}  1:1 FCX
[09:32] {Threei}  1:2 SLW
[09:32] {RonS} dino, ftnt
[09:32] {Threei}  can I go home?
[09:32] {Threei}  1:2 FCX
[09:33] {Threei}  1:3 FCX, over and out
[09:33] {dino} like it ron
[09:34] {RonS} gj 3i...i was busy snagging ftnt for .44
[09:34] {Threei}  1:3 SLW, over and out
[09:34] {Threei}  ty Ron
[09:34] {jfjf64} niceeeeeeeeeeee
[09:34] {dino} gj both
[09:34] {Threei}  nothing's worng with .44
[09:34] {RonS} 'specially when it's ese size...
[09:35] {Threei}  oh, and morning jf :)
[09:35] {Threei}  sorry, I had a choice between greeting you and making a call, and call won
[09:36] {jfjf64} yes
[09:36] {Threei} Long Setup:  FCX  .90 break
[09:36] {jfjf64} dont  worry  bout  hello
[09:36] {jfjf64} winners  baby
[09:36] {jfjf64} winners
[09:37] {Threei}  stop under .85 for scalpers, .80 for sane traders
[09:38] {Threei}  1:1 for sane ones
[09:38] {jfjf64} winners  baby
[09:38] {jfjf64} winners
[09:39] {Threei}  {baby} where?
[09:41] {dino} icui sm l .50
[09:41] {jfjf64} idcc
[09:41] {jfjf64} news
[09:42] {jfjf64} ?
[09:42] {Threei}  yeah
[09:42] {Threei}  Google is interested
[09:43] {dino} takeover possibilitioes idcc
[09:43] {dino} goog looking
[09:43] {Threei}  (US) Senate Majority Leader Reid (D-NV): Still waiting for the House to send the senate a plan that will let the US avoid default
[09:45] {Threei} Short Setup: SLW  .80 break
[09:46] {Threei}  ask me not where the stop is or slap you I shall
[09:48] {jfjf64} dieeeeeeeeeeeeee
[09:48] {Threei}  nailbiter
[09:48] {Threei}  stopped
[09:51] {jfjf64} rimm
[09:51] {jfjf64} hammer fallin
[09:52] {dino} 07 all red
[09:52] {Threei}  I like the idea of RIMM shoprt
[09:52] {Threei}  .80 break for aggressive entry
[09:52] {jfjf64} daily
[09:52] {Threei}  yeah
[09:52] {jfjf64} .78
[09:53] {ese} morning
[09:54] {Threei}  ese :)
[09:54] {Threei}  RIMM's not a scalp
[09:54] {Threei}  can turn a milk trade
[09:54] {Threei}  1:1
[09:54] {Threei}  1/3 out
[09:54] {Threei}  .67
[09:55] {Threei}  stop .85
[09:56] {Threei}  ugh... saved by market bounce
[09:57] {dino} mur spike
[09:59] {dino} mur sm s .75
[10:00] {Threei}  *(EU) EURO ZONE JULY ADVANCED CONSUMER CONFIDENCE: -11.4 V -10.2E
[10:00] {Threei}  *(US) JUN EXISTING HOME SALES: 4.77M V 4.90ME
[10:02] {dino} mur stop -.30
[10:05] {jfjf64} ba
[10:06] {ese} dino have you checked out rvbd
[10:08] {dino} on screen
[10:10] {ese} bit too much of a hair cut for the news imo
[10:11] {RonS} ese look ftnt and they beat!...
[10:12] {ese} great minds
[10:12] {ese} ron
[10:12] {dino} watching both
[10:12] {ese} just looking at it
[10:12] {ese} same deal with an upgrade for ftnt
[10:13] {dino} rvbd sm l .00
[10:13] {ese} L RVBD .02
[10:13] {ese} damn.....how'd you get a better fill than me
[10:14] {RonS} he's better looking...
[10:15] {ese} hey.......!!! ........thats yet to be dertermined
[10:15] {dino} was waiting
[10:15] {Threei}  (GR) ECB's Bini Smaghi: Restructuring of Greece debt would be a 'disaster'
[10:15] {ese} smarter maybe........
[10:16] {RonS} luv that name...
[10:16] {RonS} ftnt blood
[10:17] {Threei}  lol ron
[10:17] {dino} ftnt gap 20.92
[10:17] {ese} Bini here there and every where....hmmmm usful name
[10:19] {Threei}  market has a feel of panic coming
[10:20] {larisa} sigh
[10:20] {Threei}  what?
[10:20] {larisa} feerings :)
[10:20] {Threei}  what's wrong with those?
[10:20] {larisa} panic buying or selling ? :)
[10:20] {ese} .40 target dino
[10:20] {dino} ftnt sm l .99
[10:20] {ese} rvbd?
[10:20] {dino} y ese
[10:21] {RonS} ftnt l .86
[10:22] {ese} out 1/2 rvbd .27 +.25
[10:22] {ese} 400 to go
[10:23] {ese} went 3/4
[10:23] {ese} seemed like no brainer
[10:23] {ese} balance to break even
[10:25] {dino} gj
[10:26] {ese} just about stopped out on balance
[10:28] {dino} ftnt stop -.28\
[10:29] {RonS} ftnt stopped
[10:29] {RonS} ftnt l.50
[10:30] {Threei}  *DOE CRUDE: -3.7M V -1.5ME; GASOLINE: +750K V -250KE;
[10:33] {RonS} out ftnt .86  +.36  ese size
[10:33] {dino} \gj
[10:33] {patience} .
[10:35] {dino} ftnt rinsed
[10:37] {ese} well done ron
[10:39] {ese} dino....i never see you take any of your position off the table.....you let the whole thing ride always?
[10:39] {dino} titn sm l .75
[10:39] {dino} yes, sm size
[10:40] {ese} cause i'm thinkin to get back in with some more....just wondering
[10:41] {jfjf64} mur
[10:41] {Threei} Long Setup:  GLD  155 break
[10:41] {dino} mur merger rumors
[10:45] {ese} L ECL .01
[10:45] {ese} merger rumors with this one as well.....yet dn 4 bills today
[10:46] {dino} ecl buying nalco
[10:46] {dino} 5 b
[10:46] {ese} ya
[10:47] {dino} cash and stock
[10:47] {ese} lots of scared money in the market seems like for along time now......some of these hair cuts are kinda stunning
[10:49] {RonS} to my mind ese, when there is a upward bias there is no reason to stick around any problems...
[10:49] {RonS} fundies dump and move to greener pastures...
[10:49] {ese} hmmmmm guess so
[10:50] {dino} and sometimes it rains
[10:50] {ese} L rvbd .04 added some more
[10:51] {dino} fwiw, markets are chaos, imo
[10:51] {ese} lol
[10:51] {RonS} ...every day around here for part month...it is so green here it is scary...
[10:51] {ese} total chaos
[10:51] {RonS} maxwell smart
[10:51] {dino} sell 1330, buy 1300
[10:51] {RonS} his nemisis was chaos
[10:52] {ese} oh ya.......forgot about that
[10:52] {dino} todays my last day until august first
[10:53] {RonS} good for you...bummer for us.
[10:53] {ese} out rvbd .07
[10:54] {ese} +.05
[10:54] {ese} balance 800 shs
[10:55] {ese} lookin weak on 5min chart for me
[10:56] {patience} you going golfing dino?
[10:57] {RonS} get this...2 yr old boy walking w/ dad and 9 mo old sister
[10:57] {RonS} coyote show up and bites the boy
[10:57] {RonS} later kid asks:  did the easter bunny just bite me?
[10:58] {Threei}  ruined childhood...
[10:58] {jfjf64} gld
[10:58] {nemo} must have been from cambridge
[10:58] {jfjf64} ??
[10:58] {Threei}  too deep pullback, jf, need reconsolidation
[10:59] {Threei}  should have thought of aggressive entry off .80
[10:59] {RonS} broomfield co...denver 'burb
[11:04] {ese} out ecl stop to 35
[11:04] {ese} not out
[11:04] {ese} to 40
[11:04] {ese} stopped .41
[11:04] {ese} +.40
[11:05] {dino} patience, condo in sunset beach, nc, w/wife and kids, but yes some golfing too
[11:07] {patience} sounds wonderful to me
[11:07] {dino} should be, thx
[11:08] {Threei}  anyone went for GLD?
[11:10] {pragmatic} did you ?
[11:10] {patience} in gdx, its cheaper   :)
[11:10] {Threei}  no, I got distracted
[11:11] {Threei}  but that shouldn;'t be of your concern, should it?? {G}
[11:11] {pragmatic} patience, thanks for the tip
06[11:11] * pragmatic adding GDX to my watchlist
[11:14] {larisa} vad SLW short with stop at high ? or not  ? :)
[11:14] {larisa} too late, was asking when it was above .40
[11:14] {Threei}  does look like double top forming
[11:14] {ese} L rvbd .00
[11:18] {Threei}  back in tgrigger larisa
[11:18] {Threei}  on diminishing volume
[11:20] {Threei}  1;1
[11:20] {Threei}  took it?
[11:20] {larisa}  shouldn't be of your concern, should it?? {G}  :) just getting back at you for pragamatic's sake :)
[11:21] {Threei}  ummm
[11:21] {Threei}  if you were a man, I would have slapped you
[11:21] {larisa} lol
[11:21] {Threei}  as it stands, you get a pass
[11:21] {larisa} I know
[11:21] {Threei}  but here is my comeback:
[11:21] {Threei}  I took it and profited, thank you for the idea
[11:22] {larisa} yw
[11:24] {ese} What does it feel like to be dino....."just talkin to myself a little here".....well...i'm not quite sure be cause he wouldn't have been stupid enough to exit ECL too &^%%$##%$#  early....jeez
[11:24] {Threei}  defender of the offended... really shame you are not a man, lol
[11:27] {dino} ecl was good one
[11:28] {larisa} sometimes I am sorry I am not, this is a man's world, you get it easy :)
[11:28] {ese} ya was out at .41 but it pushed as high as .60
[11:30] {Threei}  nah, remain as you are please... I'll survive not slapping you, I'll just slap someone else twice
[11:35] {dino} ftnt sm l .98
[11:41] {nemo} DB LVS
[11:42] {dino} ascma sm l ave .10
[11:42] {jfjf64} like  short  here  nemo
[11:43] {nemo} short closer to 45
[11:52] {dino} ascma stop
[12:02] {dino} ascma rinsed
[12:03] {RonS} ya, i missed my buy order by .01...
[12:03] {dino} pulp
[12:09] {dino} nxst sm s .25
[12:10] {Threei}  Election 2012: Romney 43% Obama 42%
[12:11] {dino} ascma hit it .90 to .42 out, +.52
[12:21] {dino} cfnl drop
[12:23] {Threei} Long Setup:  TZA  .90 break
[12:25] {dino} nxst bstop to .86
[12:26] {dino} cov +.39
[12:27] {dino} icui stop to .89
[12:35] {Threei}  TZA is valid again
[12:36] {dino} icui to .99
[12:38] {Threei}  come on SPY
[12:38] {Threei}  lets lose .50 and die
[12:39] {RonS} tagged ftnt again .66 ave to .94...ese size
[12:41] {dino} reverse slip out icui ave .02, +.52
[12:42] {dino} wtg ron
[12:42] {RonS} gj
[12:44] {RonS} vmw gap fill and more...
[12:44] {Threei}  this TZA entry is my "panic" play for .50 SPY break
[12:44] {jfjf64} die
[12:47] {dino} tsla, fio
[12:50] {Threei}  no go
[12:50] {Threei}  support held
[12:53] {RonS} quote of the day:  i am trying my best not to riverbed myself.
[12:55] {RonS} Z...$1.2 bil valuation, $36 mil in sales....hello...is this 1999?
[12:56] {Threei}  lol
[13:00] {Threei}  mibbit dump?
[13:03] {RonS} ok here...
[13:03] {dino} back
[13:12] {dino} nxst sm s .20
[13:29] {RonS} hogs sm l .69
[13:30] {nemo} hogs or hog
[13:30] {RonS} zhongpin...pork in china
[13:31] {RonS} gotta joke w/ that?
[13:32] {RonS} ...pass the lipstick...
[13:35] {RonS} ftnt lod
[13:38] {dino}  nxst stop
[13:39] {RonS} out hogs -.09  short leash on that piggy...
[13:39] {RonS} ftnt sm l .28
[13:48] {dino} nice ron, you have that dialed in
[13:50] {nemo} ARUN
[13:50] {nemo} .47 bid
[13:51] {RonS} it's the computer security biz fer chrissakes...a utility in this age
[14:15] {RonS} out ftnt .48  +.20  seeming endless supply overhead
[14:34] {nemo} idcc
[14:39] {dino}     natr
[14:47] {jfjf64} spy  gettin  whacked
[14:52] {Threei}  (US) Gang of Six Senators plan conference for 16:30ET
[14:52] {Threei}  - Senator Durbin (D-IL): May incorporate some proposals from Gang of Six plan into the back up debt ceiling plan from McConnell. Senate Majority Leader Reid says this would be acceptable.
[14:53] {nemo} yeah, jf...whacked with a feather
[14:59] {jfjf64} idcc
[15:00] {dino} crazy
[15:02] {jfjf64} wow
[15:03] {jfjf64} steady  vol
[15:15] {dino}  ftnt spike
[15:36] {dino} rvbd spike
[15:39] {dino} hyrc spike
[15:40] {dino} hrc
[15:40] {dino} too fast
[15:43] {RonS} before i forget...have a good trip dino...and thanks...pulled 2k out of ftnt today...if we had not played it a couple of weeks ago on your call, never would have been comfortable doing it
[15:43] {Threei}  nice one ron
[15:43] {Threei}  wtg
[15:43] {dino} gj ron and thx
[15:43] {dino} the 07 scanners going crazy lately
[15:44] {RonS} guess they need a vacation...
[15:44] {dino} lol
[15:44] {dino} i need one
[15:52] {dino} calling it a day, take care all, don't forget rule #1, see you in august
[15:52] {Threei}  have fun dino
[15:52] {dino} ty will do
[15:52] {Threei}  glad to see we are finishing day in red.. strange as it may sound for non-traders
[15:59] {Threei}  thank you all, have a good evening
[15:59] {Threei}  see you tomorrow
[16:00] {larisa} bye :)