Thursday, July 21, 2011

Jul 21 2011

Very nice day with quite a few wins, just one stop and such an unusual for us play as SCLN long for 1:3. Well, some of traditional summer boredom too of course.

[08:32] {nemo} job numbers?
[08:35] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 418V 410KE PRIOR; CONTINUING CLAIMS: 3.698M V 3.705ME- Prior Initial Claims revised higher from 405K to 408K - Prior Continuing Claims revised higher from 3.727M to 3.748M
[08:51] {Threei}  (US) S&P comments on US: Debt limit issue could still affect global economy even with deal
[08:51] {Threei}  - 50-50 chance US will be downgraded to 'AA' within three months time
[08:51] {Threei}  - Sees the real risk that efforts to lower the deficit may miss targets
[09:17] {Threei}  if dino hasn't left for 10 days, I'd tell him to go home
[09:18] {Threei}  hmmmm... heat you say? Chilean officials declare disaster after heavy snow
[09:22] {jfjf64} morninn
[09:22] {_bobbyo} GM
[09:23] {Threei}  jf, bobbyo :)
[09:23] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:24] {Threei}  my diet is officially over today. 35 lbs shed in 7 weeks
[09:24] {jfjf64} nice  work
[09:25] {RonS} gm...now you can eat something besides bacon...
[09:25] {jfjf64} no  before  /after  pics
[09:25] {Threei}  true ron... not that I need much else
[09:25] {_bobbyo} hard to do congrats
[09:25] {ese} morning
[09:25] {Threei}  I did show "after", jf... remember those tux-clad shots?
[09:25] {Threei}  ese :)
[09:26] {jfjf64} missed
[09:26] {jfjf64} where
[09:26] {jfjf64} ??
[09:26] {ese} backyard
[09:26] {Threei}  thanks bobbyo... was quite doable considering that it was a high protein diet and I am nothing if not a fan if protein :)
[09:26] {jfjf64} lol
[09:26] {ese} with the lawnmower
[09:27] {Threei}  I'll post them again just for you jf, when morning trades are over
[09:27] {Threei}  don't have any clear opening trade though
[09:28] {ese} it's inspired me to greater heights when working in the yard......white dinner jacket when working with flowers...black jacket when mowing the lawn and tails when fixing exterior of the house
[09:28] {Threei}  there you go
[09:28] {ese} everyone should follow suit
[09:28] {Threei}  rise above yourself
[09:28] {ese} ....opps.....pun on words there
[09:28] {Threei}  everyone should follow tux?
[09:29] {nemo} gdx
[09:30] {Threei} Short Setup: FCX  .90 break
[09:30] {Threei}  heh
[09:30] {Threei}  too fast
[09:31] {Threei}  good one though
[09:31] {jfjf64} ffffff
[09:31] {Threei}  GS Wins dismissal of Basis Yield Alpha Fund fraud lawsuit - financial press
[09:32] {Threei} Short Setup: SLW  .20 break
[09:33] {Threei}  1:1
[09:33] {Threei}  1:2
06[09:33] * Threei slaps jfjf64 around a bit with a large roll of cash
[09:34] {jfjf64} ty  sir
[09:34] {Threei}  you are welcome
[09:34] {Threei}  FCX
[09:34] {Threei}  whoa
[09:35] {Threei}  SLW 1:3, over and out
[09:36] {Threei}  1:4 meanwhile, lol
[09:37] {Threei} Long Setup:  FCX  .50 break
[09:37] {Threei}  .40 break
[09:37] {Threei}  in .43
[09:38] {Threei}  stop under .30
[09:38] {Threei}  out half .53
[09:38] {Threei}  stop .39
[09:38] {jfjf64} whacky
[09:38] {jfjf64} careful
[09:39] {Threei}  yeash, what's with this volatility
[09:40] {Threei}  out
[09:41] {Threei}  set of nuymbers at 10
[09:42] {Threei}  Phil fed, June leading and House price index for May
[09:43] {nemo} fcx conference call this morning
[09:44] {Threei}  that's where this jumpiness is coming from
[09:45] {ese} Ron.....did you catch that run up with FTNT at the end of the day......yesterday
[09:46] {RonS} a bit of it...  .35, then .16 and .12
[09:46] {RonS} in size
[09:47] {ese} nice
[09:47] {RonS} best day in months
[09:47] {ese} thats a "right on"
[09:48] {Threei} Short Setup: SLW  .10 break
[09:48] {Threei}  invalidated
[09:49] {nemo} philly fed 10:00
[09:49] {Threei}  good morning nemo
[09:49] {Threei} Long Setup:  SCLN  .52 break
[09:50] {Threei}  try to grab last shares at .52 if huge offer melts down
06[09:50] * pragmatic SCLN ? 1 penny ah hour ?
[09:51] {Threei}  may I humbly suggest you skip stocks you don't like?
[09:51] {RonS} scln 3 mil sh short
[09:51] {Threei}  as a chef in a restaurant, I cook for different tastes
[09:52] {Threei} Short Setup: SLW  .20 break
[09:53] {Threei}  invalidated
[09:55] {Threei}  valid again
[09:55] {nemo} stop above .35?
[09:55] {Threei}  for day traders
[09:55] {Threei}  scalpers, .30
[09:55] {jfjf64} hal
[09:56] {Threei}  scalpers 1:1
[09:57] {Threei}  day traders 1:1
[09:58] {nemo} lotsa' news 10:00
[09:59] {Threei}  sigh
[09:59] {Threei}  09:41] {Threei} set of nuymbers at 10
[09:59] {Threei}  [09:42] {Threei} Phil fed, June leading and House price index for May
[09:59] {Threei}  is there anyone in this room who doesn't have me on ignore?
[09:59] {nemo} just reminding you in your trade
[10:00] {Threei}  I care not
[10:00] {Threei}  half out, stop to b/e
[10:00] {Threei}  it works for more or stopped at b/e
[10:00] {Threei}  *(US) JULY PHILADELPHIA FED: 3.2 V 2.0E
[10:00] {Threei}  *(US) JUN LEADING INDICATORS: 0.3% V 0.2%E
[10:00] {Threei}  out
[10:01] {Threei}  *(US) MAY HOUSE PRICE INDEX M/M: 0.4% V 0.1%E
[10:01] {_bobbyo} there is numbers at 10
[10:01] {Threei}  hehe
[10:01] {Threei}  you don't say
[10:04] {Threei}  ese
[10:04] {jfjf64} read  hal
[10:04] {Threei}  $50 for an 18-Hole Golf Outing for Two and Cart Rental at Ardmore Golf Course in Sidney (Up to $100 Value)
[10:04] {_bobbyo} I think the market is over reacting to the numbers
[10:04] {jfjf64} ?
[10:05] {Threei}  well, 57 break long...
[10:05] {RonS} ?
[10:05] {Threei}  ?
[10:05] {larisa} on what?
[10:05] {Threei}  10:04] {jfjf64} read hal?
[10:08] {ese} nice little course ardmore....old time feel to it
[10:11] {Threei}  invalidated
[10:11] {Threei}  at 100% so far
[10:12] {ese} nah.....i still play it
[10:12] {Threei}  play what?
[10:12] {ese} invalidated....oh .....you mean the stock
[10:12] {Threei}  lol
[10:12] {Threei}  what else
[10:13] {nemo} tza
[10:16] {Threei}  jf
[10:16] {Threei}  for you:
[10:16] {Threei}  http://www.realitytrader.com/vad/P6223219.JPG
[10:16] {Threei}  http://www.realitytrader.com/vad/P6233237bw.jpg
[10:17] {ese} yup.....and white tux for flowers etc etc
[10:17] {jfjf64} look  great 3i
[10:17] {Threei}  ty sir
[10:18] {Threei}  and btw, that's at -20 lbs
[10:18] {Threei}  -35 now, so even that is oudtated :)
[10:19] {_bobbyo} hugh heffner
[10:20] {Threei}  hmmm
[10:20] {Threei}  oh you mean this: http://www.freeinfosociety.com/media/images/1570.jpg
[10:20] {Threei}  lol
[10:24] {_bobbyo} seperated at birth
[10:25] {RonS} birth lasted 30 years...
[10:27] {RonS} scln just broke
[10:28] {RonS} i am in .518....think this is good for .10 3i?
[10:28] {Threei}  no way to tell ron, this is 52 weeks high, uncharted territory
[10:29] {Threei}  could be more
[10:29] {RonS} k ...will hold for $12
[10:29] {Threei}  I have a soft spot for SCLN... it was the very first stock I evet bought
[10:30] {Threei}  in 1996
[10:30] {RonS} lol
[10:31] {Threei}  Apple Inc Blogs are discussing the possibility of Apple developing an ebook reader product
[10:31] {Threei}  this makes no sense to me
[10:34] {RonS} jf, pls cheerlead that scln into a momo...
[10:35] {RonS} wow...eur .415 to .44
[10:38] {jfjf64} sory rs
[10:38] {jfjf64} was short  mos
[10:39] {nemo} esrx
[10:40] {jfjf64} runnnnnnnnnnnnnnnnnnn  
[10:40] {jfjf64} scln
[10:40] {Threei}  {SCLN} jf... I am not a runner... I am a crawler... creepy crawler
[10:41] {jfjf64} yes
[10:41] {jfjf64} skipped that  one  chef
[10:41] {jfjf64} lol
[10:48] {Threei}  (EU) ECB said to request compensation from the EFSF for losses incurred on Greece bonds - financial press
[11:23] {Threei}  SCLN new high
[11:23] {jfjf64} go
[11:27] {Threei} Short Setup: SLW  .60 break
[11:30] {RonS} that was fun...
[11:31] {Threei}  ?
[11:31] {RonS} shorted the break and stopped
[11:31] {nemo} the stop out
[11:32] {Threei}  oh
[11:32] {Threei}  frikin thing will turn a rinse now
[11:33] {nemo} tna might be worth a try here
[11:35] {Threei}  first stop today
[11:35] {Threei}  and in some perverted way, Iam glad it's a fair and square stop, not a rinse
[11:36] {Threei}  I mean, I don't care about stops
[11:36] {Threei}  just natural inalienable part of the game
[11:36] {Threei}  rinses irritate me :)
[11:45] {Threei}  look at it
[11:53] {_bobbyo} what?
[11:54] {Threei}  SLW
[11:55] {_bobbyo} now an official rinse.
[11:55] {Threei}  lol... not exactly, went way beyind stop, but still - irritating
[11:59] {_bobbyo} I hate those little rat tail fake outs indicating a break then stop you out.
[12:09] {Threei}  PCLN baby
[12:09] {Threei}  1:1
[12:09] {nemo} you played a 530 dollar stock?
[12:09] {Threei}  SCLN
[12:09] {Threei}  lol
[12:10] {Threei}  speaking of PCLN... tempted to short TZOO :)
[12:16] {RonS} out 1/2 scln .63  +.11  stop b/e
[12:16] {Threei}  nice little crawler eh?
[12:16] {Threei}  jf!
[12:16] {Threei}  wake up
[12:16] {Threei}  time to take some profiys
[12:23] {jfjf64} lol
[12:23] {nemo} rimm
[12:24] {jfjf64} hod
[12:24] {jfjf64} mmi
[12:25] {Threei}  IDCC
[12:25] {Threei}  says no firm offers
[12:26] {jfjf64} hmm
[12:26] {jfjf64} makes  ya  say
[12:26] {jfjf64} hmm
[12:34] {jfjf64} ms  new  gs
[12:34] {jfjf64} hmm
[12:34] {ese} no...ese is doing cabinets....and.......oh my god.......were almost done
[12:34] {jfjf64} cnbc
[12:35] {jfjf64} go ese
[12:35] {ese} and do I ever have advice for you
[12:35] {jfjf64} lol
[12:35] {jfjf64} jf  doesnt  own  a hammer
[12:35] {jfjf64} lol
[12:35] {ese} do not.....repeat...do not renovate......live in squawler.......it's way esier
[12:36] {jfjf64} hv  a  tux though
[12:36] {ese} tks jf
[12:41] {Threei}  (US) President Obama and House Speaker Boehner are close to a major budget deal - NYT
[12:43] {jfjf64} mmi
[12:43] {jfjf64} .27
[12:43] {jfjf64} s
[12:43] {jfjf64} ?
[12:44] {RonS} o
[12:44] {RonS} k
[12:44] {RonS} w/
[12:44] {RonS} me
[12:44] {jfjf64} mkt  runnin  mmi  holdin
[12:44] {Threei}  I
[12:44] {Threei}  '
[12:44] {Threei}  m
[12:44] {Threei}  not
[12:44] {Threei}  sure
[12:44] {jfjf64} lol
[12:45] {jfjf64} wow  spy
[12:46] {jfjf64} mmi
[12:46] {jfjf64} yosar
[12:51] {nemo} no deal as of yet
[12:51] {nemo} duh
[12:51] {Threei}  (US) CNBC citing White House Pres secretary: New York Times report is wrong, and there is no deal yet
[12:52] {Threei}  idiots
[12:52] {jfjf64} hmm
[12:52] {jfjf64} makes  ya say
[12:52] {jfjf64} hmm
[13:04] {Threei} Long Setup:  TZA  .50 break
[13:08] {Threei}  1:1
[13:25] {_bobbyo} tza trade still on?
[13:27] {Threei}  hit 1:1
[13:27] {Threei}  so, scalpers are out, day traders sold half, trailed stop to b/e and got stopped
[13:28] {_bobbyo} OK I guess I am a day trader:)
[13:31] {Threei}  I wiosh I knew who I was
[13:31] {Threei}  I tend to change identity as the day progresses
[13:32] {Threei}  around lunch time I am more of a scalper, since I don't expect myself to keep eyes open long enough for a day trade
[13:33] {Threei}  Toyota Motor Corp Held exhibition of a new collision prevention system that controls brakes and steering wheel if it senses heightened risk of an accident - Nikkei News (update)
[13:33] {Threei}  - Report notes the "vehicle equipped with the system of radar and camera detectors automatically slowed when it recognized a pedestrian ahead while running at a speed of 40 kilometers per hour and came to a stop in a safe place."
[13:33] {Threei}  - System said to be still under development for future use.
[13:34] {_bobbyo} need some folgers in your cup. you are off the diet.
[13:35] {Threei}  folgers is in the cup... but it shares the premises with some cognjack and whiskey
[13:35] {nemo} mos
[13:42] {_bobbyo} nemo are you s .75 break?
[13:42] {nemo} no, looking for bounce, could possibly short their
[13:50] {_bobbyo} looks like flagging out for another breakdown. Does vwap work for this stock
[13:50] {nemo} can work for all of them, price level support and vwap coincide here
[14:02] {RonS} 2nd half schn out .68 +.16  thanks 3i
[14:03] {Threei}  nice one ron
[14:03] {Threei}  SCLN you mean I take it
[14:04] {RonS} yes
[14:39] {Threei}  Research in Motion Ltd PlayBook Becomes First Tablet Certified for U.S. Government- Received FIPS 140-2 certification for the new BlackBerryPlayBooktablet, making the BlackBerry PlayBook the first tablet certified for deployment within U.S. federal government agencies. No other tablet on the market has gained FIPS (Federal Information Processing Standard) certification from the National Institute of Standards and Technology (NIST), which is required under the Federal Information Security Management Act of 2002
[14:47] {nemo} V
[14:47] {ese} am outta here all ...cabinets are consuming my time...should be beter tomorow..cya
[14:55] {nemo} V volume
[14:57] {nemo} .20 long
[14:58] {nemo} partial .36
[15:01] {nemo} 1/4 more .47
[15:02] {Threei}  nice
[15:02] {nemo} looked at it by accident
[15:02] {_bobbyo} GJ
[15:03] {nemo} had major suppoort at .20 and then gap support at .12
[15:03] {nemo} stop to .44
[15:05] {_bobbyo} short gmcr .22
[15:08] {Threei}  SCLN, my little beauty
[15:09] {nemo} out .55
[15:10] {Threei}  wtg
[15:10] {Threei}  cool on on GMCR too
[15:10] {Threei}  I can retire
[15:11] {nemo} watch V hold my original stop
[15:16] {_bobbyo} out 92.90 GMCR
[15:24] {_bobbyo} l gmcr .11
[15:31] {Threei}  amazing how market can stay locked in narrowest range for so long
[15:33] {Threei}  plenty of earnings today
[15:33] {Threei}  AMD, MSFT, SNDK, CAT, MCD
[15:34] {_bobbyo} what do you want the gang of 6!
[15:34] {nemo} look at spy and iwm, slowly crawling up a trend line
[15:35] {_bobbyo} out gmcr stop
[15:41] {Threei}  SCL 1:3
[15:41] {Threei}  SCLN
[15:41] {Threei}  over and out
[15:42] {RonS} gj
[15:42] {Threei}  if I quit trading today, circle would be closed - first and last stock, lol
[15:43] {_bobbyo} going to move to the playboy mansion with your bro?
[15:44] {Threei}  for some reason he put guys with machine guns and my photo in the pocket around that mansion...
[15:46] {nemo} mcp
[15:47] {nemo} wtf
[15:47] {RonS} no news here
[15:47] {Threei}  nor here
[15:52] {Threei}  read this:
[15:52] {Threei}  (EU) France President Sarkozy begins public briefing on EU summit; EU has agreed to create a Europe Monetary fund which will allow for bank recapitalization and can operate on secondary market; EU leaders have broadly agreed to support Greece
[15:52] {Threei}  - Interest rate cuts on Greek debt to be worth about 30B in the next 10 years.; Fund will lend to Greece at a rate of 3.5-4%; Lower lending rates expected to cut debt by 12% of GDP.
[15:52] {Threei}  - Private sector to contribute about $135B over 30 years and will may contribution through the extension of maturities on debt and a voluntary cut in interest rates
[15:52] {Threei}  - EFSF will have capacity to intervene in primary and secondary bond markets when ECB allows it.
[15:52] {Threei}  - Leaders made a decision to support the aid package, and that the Euro is irreplaceable
[15:52] {Threei}  - Notes the EFSF will be provided the authority to intervene on the primary and secondary markets
[15:53] {Threei}  - Greece package will address potential contagion issues.
[15:53] {Threei}  - Aid measures taken for Greece will not be repeated for other euro zone member states.
[15:53] {Threei}  - Promises to draw up a plan for European rating company.
[15:53] {Threei}  - Private sector role has been excluded for Portugal and Ireland. Pledges to lower EFSF lending rates for both Portugal and Ireland.
[15:53] {Threei}  - Claims that the countries will guarantee banks and the ECB if the ratings agencies react to the proposals
[15:53] {Threei}  Italy PM Berlusconi: All Euro area debt will be repaid, no Euro zone nations will default
[15:53] {Threei}  - German Chancellor Merkel: Satisfied by the outcome of the European Summit; Deal sends the right signal.
[15:53] {Threei}  - Private creditor contributions will be restricted to the Greek bailout only, due to the nation's special situation
[15:53] {Threei}  - ECB agrees with these measures, still stands independent.
[15:53] {Threei}  - EU President Van Rompuy: European leaders have agreed to measures that will end contagion from the Greece debt crisis; EFSF bond purchases will require approval by the ECB
[15:53] {Threei}  - EU's Barroso: Believes European leaders have agreed to a very credible arrangement for Greece.
[15:54] {nemo} love these:
[15:54] {nemo} [15:52] {&Threei}  - Aid measures taken for Greece will not be repeated for other euro zone member states.
[15:54] {nemo} [15:52] {&Threei}  - Promises to draw up a plan for European rating company.
[15:54] {Threei}  and
[15:55] {Threei}  - Private creditor contributions will be restricted to the Greek bailout only, due to the nation's special situation
[15:56] {nemo} right
[15:56] {Threei}  all in all, it reads as willingness to print Euro
[15:58] {Threei}  Nice day, 1 stop and a few cool wins
[15:58] {Threei}  not bad for a summer laziness
[15:58] {Threei}  thank you all, have a nice evening
[15:58] {Threei}  see you tomorrow
[15:58] {_bobbyo} bye
[15:59] {larisa} bye