Tuesday, July 12, 2011

July 12 2011

Another summer day, ended slightly positive and very boring 

[08:58] {Threei}  (US) Treasury Sec Geithner: Reiterates that the debt limit will be increased, failure is not an option; believes tax reforms should be part of the deal
[09:02] {dino} gm all
[09:03] {Threei}  dino :)
[09:13] {ese} morning
[09:16] {samire} gm
[09:17] {patience} good morning
[09:18] {Threei}  ese, samire, patience
[09:19] {ese} vad
[09:20] {samire} XCO
[09:20] {samire} closed low
[09:21] {samire} we are not permitted ?
[09:21] {Threei}  permitted what?
[09:21] {dino} xco ceo buyout cannot get funds i think
[09:22] {dino} gap 14.89 oct
[09:22] {samire} it says above........ese, samire, patience are not permitted
[09:22] {Threei}  ??
[09:22] {larisa} gm :)
[09:23] {Threei}  I've no idea what you are talking about, samire
[09:23] {Threei}  larisa :)
[09:24] {RonS} gm all
[09:24] {Threei}  ron :)
[09:25] {jfjf64} mornin traders
[09:25] {Threei}  jf :)
[09:28] {ese} not permitted........ha.......i laugh at the suggestion.......
[09:28] {ese} just try and stop me............ha
[09:29] {nemo} surely you jest
[09:29] {jfjf64} game  plan  3i
[09:29] {jfjf64} ??
[09:29] {jfjf64} lol
[09:29] {ese} ......and!!!!........I fart in everyones general direction......ha
[09:30] {nemo} it was a rough and tumble pre market futures did almost their daily volume already
[09:30] {nemo} frickin' frenchmen
[09:30] {ese} lol
[09:30] {Threei}  jf... watching usual suspects for shorts
[09:31] {Threei}  want to give them a min or two to work out opening volatility
[09:31] {Threei} Short Setup: RIMM  .10 break
[09:32] {ese} wow spyders going juts
[09:32] {ese} nuts
[09:32] {Threei} Short Setup: SLW  .80 break
[09:33] {jfjf64} wacky
[09:33] {Threei}  RIMM invalidated
[09:33] {jfjf64} yuk
[09:33] {Threei}  so's SLW
[09:34] {dino} bud sm l .65
[09:36] {Threei}  SLW reestablished
[09:36] {Threei}  same setup
[09:37] {samire} went to .92
[09:37] {Threei}  let's change it
[09:37] {Threei}  .85 break
[09:38] {Threei}  and RIMM, .40 break
[09:38] {Threei}  SLW stop .96 scalpers, 35.01 day traders
[09:39] {Threei}  RIMM, if stays under .50
[09:39] {nemo} .48 rimm Pivot
[09:39] {Threei}  no go SLW
[09:40] {Threei}  (EU) PIMCO's El-Erian: Europe is pursuing incoherent, destabilizing policies
[09:40] {nemo} duh..they're pursuing political solutions
[09:43] {dino} www sm l .05
[09:49] {samire} long skm
[09:49] {Threei} Short Setup: FCX  .50 break
[09:51] {Threei}  invalidated
[09:54] {Threei}  (EU) Institute of International Finance's (IIF) Task Force White Paper : EBA stress test may exacerbate market concerns over sovereign bond losses
[09:54] {Threei}  - ECB must clarify the impact of potential selective default assignment by ratings agencies
[09:54] {Threei}  - ECB must also clarify the collateral policy.
[09:54] {Threei}  - IMF must act on Greece in the coming days top restore confidence; Debt buyback facility needed to reduce Greece's debt burden
[09:55] {samire} ugly market again
[09:56] {nemo} their a mirror on your monitor?
[09:56] {dino} lol
[09:56] {nemo} there
[09:58] {RonS} es futures are illustrating absolutely no direction
[09:59] {dino} up scanners say
[09:59] {dino} 07 all green
[10:00] {patience} agu, pot up today, sector is overbought right now
[10:00] {RonS} the point is that the big guys are not pushing either way
[10:00] {patience} my slw and gg nice pop for me
[10:00] {Threei}  *(US) JULY IBD/TIPP ECONOMIC OPTIMISM: 41.9 V 44.6 PRIOR
[10:01] {nemo} Now for some very important info:  on this day in 1946 the bikini was introduced
[10:02] {ese} you damn right thats important!!
[10:02] {dino} sweet
[10:04] {dino} leftovers dks out .15, +.40
[10:05] {dino} out www .10, +1.05
[10:06] {RonS} gj
[10:06] {dino} ty
[10:06] {Threei} Short Setup: FCX  54 break
[10:07] {Threei}  come on FCX, clean double top
[10:07] {Threei}  roll over and die
[10:08] {nemo} Summer probably demand second entry
[10:08] {ese} can't remember when i've seen spyders time & sales quotes going this crazy
[10:09] {samire} .88 is first target ?
[10:09] {Threei}  yes
[10:14] {Threei}  should be good for 1:3, IMO
[10:15] {nemo} u still in www Dino?
[10:16] {nemo} think fcx a long now
[10:16] {samire} selling skm here (see above)
[10:16] {dino} out +1.05
[10:17] {nemo} bummer
[10:17] {dino} yeah, soon as i sold jumped again
[10:17] {dino} pullbacks were brutal tho
[10:17] {nemo} I was hoping you were still in
[10:17] {nemo} yeah
[10:17] {dino} thx bro
[10:17] {samire} .01 stop on fcx ?
[10:17] {Threei}  yes
[10:17] {Threei}  out second half
[10:17] {samire} yes
[10:18] {samire} still made money
[10:18] {Threei}  right
[10:18] {Threei}  that's how these partials/trails are designed
[10:18] {Threei}  give a chance to maximize profits while prtecting what is already there
[10:19] {samire} still learning
[10:19] {nemo} sol
[10:19] {jfjf64} simple
[10:22] {RonS} Freeport Indonesia workers to return Wed -union       07/12 12:44 AM
[10:23] {RonS} sorry, old news...
[10:23] {samire} TSL on 2s
[10:26] {nemo} nvls might be forming a bottom, or setting up for another down leg
[10:28] {samire} tsl on 1s
[10:28] {dino} same w/mchp nemo
[10:30] {samire} out tsl
[10:30] {samire} very quick on 1s
[10:30] {samire} 1 minute chart
[10:30] {samire} + .13
[10:31] {dino} sm l asys .25
[10:32] {ese} whats the news on MCHP dino?
[10:32] {dino} missed badly
[10:33] {RonS} nvls said customers pushing orders out...same biz mchp, asys
[10:33] {ese} tks....thats not likely to bounce then
[10:33] {dino} ranging .50
[10:34] {dino} vhc drop
[10:34] {ese} hmmmmm  ya never know then
[10:35] {dino} nobody ever knows
[10:35] {ese} ain't that the truth
[10:35] {ese} only the shadow do
[10:35] {dino} of course livermoore would say, "never know until you bet"
[10:35] {samire} did any body took tsl with me
[10:36] {ese} no
[10:36] {dino} no
[10:37] {jfjf64} .75 s
[10:37] {jfjf64} slw
[10:37] {jfjf64} hold .85
[10:39] {ese} L jva. 15
[10:39] {ese} sm
[10:39] {jfjf64} mgm
[10:39] {jfjf64} wow
[10:41] {ese} stop .75
[10:42] {dino} www drop
[10:42] {ese} whoa .30 spread here......down boy down
[10:43] {ese} sorry .20
[10:43] {ese} still
[10:43] {ese} reminds me of why dino has nerves of steel
[10:44] {dino} sm l .05 www
[10:44] {RonS} ironman?
[10:44] {ese} indeed
[10:45] {dino} lol
[10:45] {ese} this should work....beats/ revs up/ dn 5 bills
[10:46] {ese} in theory of course
[10:46] {dino} it all works in theory, ask obama
[10:49] {samire} solr on 2s
[10:49] {Threei}  SLW, watch for bounce over .50 to short recross
[10:50] {Threei}  stop above .60
[10:50] {Threei}  for superduperextrascalpers, .56
[10:50] {dino} asys stop -.35
[10:51] {Threei}  1:1
[10:51] {dino} strange, raises and drops
[10:51] {Threei}  frikin RIMM got away from me... was contemplating .60 short...
[10:53] {ese} I've said it before.......I like the guy........new image......he's an intelligent guy.   Will reflect on you all dn there eventually
[10:54] {nemo} who...Obama?
[10:54] {ese} ya
[10:54] {dino} guys and egomaniac
[10:54] {nemo} wants to turn us into Europe
[10:55] {ese} he can't help the political system you have
[10:55] {dino} yes
[10:55] {nemo} you have to be an egomaniac towant to be President
[10:55] {RonS} sure ese, his bankruptcy of the country is reflecting terrifically
[10:55] {ese} i think thats good
[10:55] {dino} to nemo
[10:55] {ese} thats not his fault
[10:55] {RonS} pulllleeese
[10:55] {ese} he inherited that mess
[10:55] {dino} ok, how about this, he's an idiot when it comes to economics
[10:55] {samire} solr is working
[10:55] {nemo} nothing anybody's fault, that's why we're f.....screwed
[10:56] {ese} hmmmmmmmm ya true
[10:56] {dino} he has doubled the deficit in two years ese
[10:56] {dino} what took prior presidents 50 yewars
[10:56] {nemo} well, dino, that was gonna' happen
[10:56] {dino} years
[10:56] {nemo} that's more Congress
[10:56] {dino} his congress
[10:57] {Threei}  ese... I don't want to comment on a personality likes/displikes, that's umm, personal. But his economic views, well, I lived in the country where those were implemented
[10:57] {RonS} one example ese...forbes out w/ article that details how his drilling regulators are forestalling actvities that equate to 190000 jobs
[10:57] {ese} his hands are tied when it comes that don't you think dino
[10:57] {Threei}  scared to think what he would do if his hands were untied
[10:58] {Threei}  you'd see second USSR in no time
[10:58] {nemo} yep, no doubt he's putting the screws to the fossil fuel industries
[10:58] {nemo} we almost got the second USSR
[10:58] {ese} damn stopped jva.73 -.42 300 shs
[10:58] {dino} which is unpractical. that is the wealth drain on usa, the importing of oil
[10:59] {nemo} nevermind security...wanna' pull back the military, develop more energy independence
[10:59] {ese} I think it's the military machine thats draining you dry.....how many billions per day to run that thing
[10:59] {ese} agreed nemo
[10:59] {dino} well, if we didn't have to police the world.....
[10:59] {RonS} 20% of the budget i think ese...what about the 80%?
[11:00] {ese} drugs?
[11:00] {nemo} police the oil dino
[11:00] {dino} don't get much help from allies
[11:00] {dino} yes nemo
[11:00] {nemo} no, they've been able to afford their social nets because of our military
[11:00] {Threei}  take a look ese:
[11:00] {Threei}  http://en.wikipedia.org/wiki/File:Fy2010_spending_by_category.jpg
[11:00] {ese} dino any time you want i'll help you out......
[11:00] {dino} yes again nemo
[11:01] {Threei}  see Departement of defense spending?
[11:01] {ese} nothin there vad
[11:01] {dino} they whine, were stand up
[11:01] {Threei}  18.74%
[11:01] {dino} soda popped
[11:01] {ese} jva big drop
[11:01] {ese} 6 and a 1/2 bills into it now
[11:02] {RonS} soda fizzed
[11:02] {dino} jva gap 20.10
[11:06] {Threei} Long Setup:  RIMM  .40 break
[11:06] {jfjf64} .25 hold
[11:06] {jfjf64} ?
[11:06] {Threei}  .35 break as semi-aggressive entry might be a good idea
[11:06] {Threei}  .30 jf
[11:08] {nemo} mcp
[11:08] {ese} ya.....been watching ree this morning
[11:09] {nemo} in .39 saw buying
[11:09] {Threei}  aggressive entry has 1"3
[11:09] {jfjf64} me  tyu
[11:10] {nemo} .47 is pivot taking some off
[11:10] {jfjf64} ty    pivot  man
[11:10] {nemo} .56 is vwap
[11:10] {jfjf64} ty  vwap  man
[11:10] {nemo} mmmhhhh...where do you live?
[11:10] {Threei}  regular 1:1
[11:11] {Threei}  lol jf
[11:11] {Threei}  day has almost evened out
[11:12] {jfjf64} almost  not yet
[11:13] {nemo} short .39 mchp
[11:16] {dino} out www .15, +1.10
[11:16] {_carson} how is the day going vad
[11:16] {Threei}  lukewarm
[11:16] {dino} anybody grab that w/me?
[11:16] {Threei}  started with two stops, got almost all back
[11:16] {nemo} o.k. 1/2 at .30
[11:16] {dino} 2x 1.10 on it
[11:17] {Threei}  you picked right day to seep in, lol
[11:17] {dino} sheesh, tough crowd
[11:17] {samire} gj dino
[11:18] {dino} thx
[11:22] {nemo} stopped at entry on second half mchp
[11:23] {Threei}  oh boy
[11:23] {Threei}  Greece Fin Min Venezelos: Greece is being used as an excuse for an attack on the euro currency
[11:24] {RonS} he just thought to say that now?  quick on his feet...
[11:27] {dino} lol
[11:28] {nemo} he had to stand up from being bent over
[11:29] {dino} lol, cracking me up today
[11:29] {nemo} ?
[11:29] {dino} you
[11:30] {Threei}  lol
[11:30] {nemo} ahhh...actually appropos...nephew has a friend of his over from a very Greek family...poor kid...I've been merciless
[11:30] {dino} asys big rinse
[11:31] {dino} i can image
[11:31] {nemo} He's been doing this MMA stuff for a few years, so I do it to egg him on, then slap him silly
[11:32] {dino} www fall
[11:36] {Threei}  - Will need next loan tranche by Sept 15, country is prepared to apply the new program
[11:36] {Threei}  heh
[11:36] {dino} get all they can until they are cut off, then default
[11:40] {samire} lunch slow down
[11:43] {ese} finally saw your dcc patience
[11:44] {patience} scalping fxe puts..or trying it out anyway
[11:45] {Threei}  marklet starts looking like that pattern of long stalls, mixed with slow creep-up
[11:47] {RonS} that's what bunny says about nemo...
[11:48] {Threei}  hmmm
[11:48] {nemo} that was cool
[11:48] {Threei}  this will require some pondering
[11:49] {nemo} bunny is so cute
[11:49] {Threei}  I mean, what kind of behavior by nemo could possibly invoke such analogies in bunny...
[11:49] {nemo} yeah, really
[11:49] {nemo} Well, I should be happy he's not associating me with sheep
[11:50] {RonS} ...daisy...lol
[11:51] {Threei}  nemo?
[11:51] {Threei}  daisy?
[11:51] {Threei}  try thistle
[11:53] {dino} daisy if ya do
[11:57] {RonS} http://www.youtube.com/watch?v=B94lP-fZyLk&feature=related
[11:58] {RonS} if you choose to watch this play it to the end...
[12:03] {dino}  ades spike
[12:03] {dino} thinny
[12:05] {nemo} I'd forgotten about that
[12:27] {nemo} gotta' put on my chin pad
[12:27] {dino} vmw
[12:37] {dino} abvt drop
[12:38] {RonS} fp reporting ABVT has halted their search for a buyer
[12:42] {nemo} TNA IWM UWM off of spy
[12:43] {dino} out bud .80, +.15
[13:10] {dino}  cstr spike
[13:13] {RonS} some talking about an nflx price increase.....??
[13:14] {RonS} Netflix is changing its pricing- no more combined DVD/streaming plans.
[13:14] {RonS} @BloombergNow: Netflix May Raise Prices More Than 50% http://bloom.bg/plGgNG$NFLX
[13:15] {RonS} .....think of the number of people who will drop $NFLX, we're talking about a 70% increase for me on my netflix bill, CANCEL
[13:16] {nemo} wtf
[13:17] {RonS} cstr 10.8 mil sh short
[13:17] {dino} 07 all red
[13:18] {RonS} eur futes rejected 1.40 immediately and decisively...
[13:21] {Threei} Long Setup:  TZA  .50 break
[13:23] {_carson} stop ?
[13:23] {Threei}  standard... if holding .40
[13:23] {_carson} this means you're thinking market will weaken over the afternoon
[13:24] {Threei}  well, at least that the next leg is down
[13:24] {nemo} you've got a support level at .37, probably .45 break better if volume comes in
[13:25] {nemo} frickin Fed minutes coming up
[13:25] {_carson} minutes??
[13:25] {RonS} thanks for the reminder...
[13:26] {nemo} no volume coming in
[13:27] {dino} gld spike
[13:27] {nemo} wow, huge spike
[13:29] {_carson} this is going to look like a nice trade
[13:29] {patience} up $1141 so far today and $10 on fxe puts  :)
[13:29] {_carson} TZA
[13:29] {Threei}  1:1
[13:30] {_carson} .60s coming up ya ?
[13:30] {_carson} out half .61
[13:30] {nemo} up ya what?
[13:30] {patience} slw and gg
[13:30] {_carson} b/e to .49
[13:31] {_carson} this might go to .80 :o
[13:31] {patience} sorry, nemo, thought you were talking to me
[13:33] {nemo} nice though patience
[13:34] {patience} as long as i cash it in .... bills to pay on friday
[13:39] {_carson} nice work today.. :)
[13:39] {_carson} im up $100 so far
[13:41] {dino} www dropping
[13:41] {Threei}  at least all morning losses are erased
[13:42] {dino} we are opposites vad, very good morning for me
[13:42] {_carson} SLW now having that
[13:43] {_carson} vertical look to it now
[13:45] {dino} md spike
[13:46] {patience} www.kitco.com/charts/livegold.html    nice spike
[13:49] {Threei}  PO) Portugal PM: Govt is ready to do more to help stabilize the situation; current measures may not be enough to end euro zone instability
[13:55] {RonS} so, is cstr gonna pop and/or run?
[13:56] {RonS} cstr short float 36%...
[13:58] {RonS} real tough crowd...
[13:58] {samire} minutes will be releases now
[13:58] {Threei}  mibbit hiccup I think
[13:58] {samire} no trading please
[14:01] {nemo} he's debating QEIII
[14:02] {Threei}  OMG
[14:02] {nemo} yep
[14:02] {nemo} watch gold
[14:02] {Threei}  this is official: these folks won't qwuit until they dostroy everything in sight
[14:07] {dino} md bstop to .91
[14:07] {dino} got booted
[14:08] {patience} moi aussi
[14:09] {patience} nice jump tna
[14:09] {dino} to .86
[14:09] {dino} cov +.20 md
[14:09] {Threei}  Measures of inflation picked up this year, reflecting in part higher prices for some commodities and imported goods. Longer-run inflation expectations, however, remained stable.
[14:09] {Threei}  and yet they discuss new easing
[14:11] {dino} 3i3i3i....why do you worry so? just react.
[14:11] {Threei}  who, me worry?
[14:12] {dino} y
[14:12] {Threei}  me no
[14:12] {nemo} dino dcc
[14:12] {Threei}  just hate to see what a bunch of imbeciles are doing to what used to be the best country in the world
[14:13] {dino} i understand
[14:15] {dino} 07 all green, crazy scanner day
[14:18] {patience} up $2,500...wish magoo was here, his type of trades going on
[14:19] {dino} 1063 here
[14:19] {patience} nice dino
[14:19] {dino} ty www been good to me
[14:20] {patience} on a sour note, i am down $5 on fxe puts
[14:25] {_carson} how come market spiked
[14:25] {Threei}  hint of new round of QE
[14:27] {nemo} [14:01] {nemo} he's debating QEIII
[14:27] {nemo} Carson, your first name Les?
[14:27] {_carson} no. Ian
[14:28] {RonS} lol
[14:28] {Threei}  carson, feel free to slap nemo with something heavy
[14:28] {dino} dtg spike
[14:28] {Threei}  and rough-edged
[14:28] {nemo} you hurt my feelings Vad
06[14:28] * _carson lightly taps nemo with a feather. then throws tar on him and lights him on fire. MUAHAHAHHAHA.
[14:29] {Threei}  feelings? nemo? in the same line?
[14:29] {Threei}  now I've seen everything
[14:29] {nemo} I think I like this guy
[14:29] {Threei}  as much as thistle can like anyone...
[14:30] {nemo} Actually, you use hot tar, then throw the feathers on....hot tar melts into the skin....works great, painful death
[14:30] {_carson} haha
[14:30] {_carson} u would know ;)
[14:30] {nemo} If you light the victim on fire, they die too quickly
[14:39] {nemo} Actually, I prefer slicing the achilles, it's less messy
[14:41] {patience} gross
[14:41] {nemo} not really, not alot of blood flow down by the ankle
[14:46] {nemo} hey vad if tna too voltile, there's uwm
[14:47] {Threei}  too narrow :)
[14:47] {nemo} huh?
[14:49] {nemo} what do you mean by that?
[14:49] {Threei}  40 cents range for hours?
[14:49] {nemo} it's the 2x IWM and tna is the 3x
[14:50] {Threei}  i just look at the chart
[14:50] {nemo} I understand
[14:50] {Threei}  IWM is wider
[14:51] {nemo} makes sense, UWM is almost half the price
[14:56] {patience} have a look at epv
[14:56] {patience} sorry, starting to gather little list of european etf's and plays
[14:58] {nemo} swing trading maybe, low volume
[15:00] {patience} half out silver wheaton, will concentrate more on gold
[15:15] {Threei}  (CH) China's IMF advisor and former PBOC Dep Gov Zhu Min selected to Deputy position at IMF
[15:15] {Threei}  - financial press- Former Obama advisor David Lipton selected as Top Deputy.
[15:16] {samire} green day 4 me
[15:16] {dino} gj
[15:16] {patience} :)
[15:17] {_carson} i made 30 cents today
[15:17] {_carson} :D
[15:17] {_carson} jkz
[15:26] {patience} wow tna, fxe
[15:29] {samire} nice bounce on the spy today
[15:37] {Threei}  so far all erased
[15:37] {Threei}  or most of it
[15:37] {Threei}  if promise of QE3 doesn't do it...
[15:37] {nemo} premarket it was down over a $
[15:41] {samire} yes
[15:41] {nemo} "yes" what?
[15:41] {Threei}  just yes
[15:42] {Threei}  can't you take yes for an asnwer?
[15:42] {samire} premarket was down over dollar
[15:42] {samire} yes or no
[15:42] {nemo} oy frickin' vay, do you see a question mark after my statement?
[15:42] {samire} Vad....please find us one more trade
[15:43] {Threei}  looking
[15:43] {Threei}  as always though
[15:44] {Threei} Long Setup:  GLD  153 break
[15:47] {samire} is it still valid ?
[15:47] {_carson} DUHHHHHHH
[15:47] {_carson} :)
[15:47] {Threei}  not unless it colnolidates again in the range... for which we have not enough time probably
[15:47] {nemo} klac
[15:48] {dino} klac spike
[15:48] {_carson} prob not gonna trigger
[15:49] {_carson} SHORT FCX 54 break
[15:49] {_carson} :O
[15:49] {Threei}  (EU) ECB's Nowotny: Rating agencies exacerbating situation in Greece- Commentary from rating agencies are just an opinion, do not represent new information.
[15:50] {dino} falling fast
[15:50] {_carson} SPY broke 200ma
[15:50] {Threei}  just enough time to go where it was prfemarket {G}
[15:50] {nemo} 130.60 morning low
[15:50] {dino} gaps at 12261, 2294, 1287
[15:51] {nemo} I've got 200 ma at 130.25
[15:57] {Threei}  Ok guys, thank you all
[15:57] {Threei}  have a good evening, see yo tomorro
[15:57] {Threei}  w
[15:57] {larisa} bye :)
[15:58] {dino} calling it a day, thx all, good time
[15:58] {patience} ty, great day