Thursday, August 25, 2011

Aug 25 2011

Most of the day spent in coma, but still, got nothing to complain about - 4 calls, 4 wins. Bore me with profit and I will yawn all the way to the bank.

Tomorrow is Jackson Hole speech, and my strong feeling is, it will be nothing but fizzle. No definite promise of QE3, no categorical denial either.

Session Time: Thu Aug 25 00:00:00 2011
[08:30] {nemo} what with jobs
[08:30] {Threei}  (US) INITIAL JOBLESS CLAIMS: 417K V 405KE
[08:30] {nemo} report that is
[08:30] {nemo} hehehehehehehe
[08:30] {Threei}  both are out, steve and report
[08:30] {Threei}  CONTINUING CLAIMS: 3.641M V 3.70ME
[08:30] {Threei}  Have Market Intel? Tip Line -} Click Here
[08:31] {Threei}  and of course:
[08:31] {Threei}  Prior Initial Claims revised higher from 408K to 412K - Prior Continuing Claims revised higher from 3.702Mto 3.721M
[09:11] {nemo} wtf
[09:12] {nemo} too funny...buffet buys knowing the governement will back him...what a scam
[09:15] {nemo} so the feds do a back door bailout of BAC
[09:16] {RonS} gm, you mean again?
[09:16] {nemo} right
[09:17] {Threei}  yeah
[09:22] {Threei}  do you know IntelliScan now allows you to filter stocks by earning report date proximity?
[09:22] {Threei}
[09:23] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:23] {larisa} vad :)
[09:27] {nemo} might as well short slw
[09:28] {Threei}  hmm
[09:28] {Threei}  what a fresh and unusual idea
[09:28] {Threei}  going to skip first minutes
[09:29] {Threei}  a bit too many cross-currents
[09:32] {RonS} rimm shot
[09:32] {Threei}  yeah, was watching 29 break
[09:32] {nemo} we'll get .75 on spy then it's whether we got to 121.75
[09:34] {Threei} Short Setup: RIMM  .40 break
[09:34] {Threei}  if stays under .50
[09:35] {Threei}  in aggressively half lot
[09:35] {Threei}  stop above .60
[09:36] {Threei}  going to add second half at .40
[09:36] {Threei}  did
[09:36] {Threei}  .56 stop
[09:38] {Threei}  1:1, half out
[09:38] {Threei}  got .33
[09:39] {Threei}  stop to .51
[09:39] {Threei}  stop to .46
[09:40] {Threei}  out second half
[09:45] {Threei} Short Setup: SLW  .30 break
[09:45] {Threei}  wow, that was fast
[09:45] {Threei}  1:1
[09:48] {Threei}  ugh
[09:48] {Threei}  TZA .50 break was on my radar
[09:49] {Threei}  zero chance of alerting in time
[09:49] {Threei}  or executing
[09:50] {Threei} Long Setup:  SLW  .45 break
[09:51] {Threei}  if stays above .35
[09:52] {Threei}  1:1
[09:53] {Threei}  1:2
[09:53] {RonS} gj ty
[09:53] {Threei}  :)
[09:55] {dino} slh sm l .75
[09:55] {pragmatic} hey dino, what does "sm" mean ?
[09:56] {Threei}  smelly
[09:56] {nemo} sm=small=400 shares
[09:56] {Threei}  oops... small
[09:56] {dino} stopstop
06[09:56] * pragmatic :)
[09:56] {dino} re-booting
[10:04] {dino} in slh .00 while re-booting
[10:05] {pragmatic} what a "spready" stock!
[10:05] {nemo} that's nothing for Dino
[10:05] {dino} yeah
[10:06] {nemo} wait until he buys a rorschach'll defecate
[10:06] {dino} magoo had a name for that
[10:06] {RonS} "hooker wide"...sorry but luv that...
[10:06] {dino} lol
[10:07] {nemo} clap.....I can't....tight, huh?
[10:07] {dino} out slh .73, +.73
[10:07] {RonS} dino, thinkin slh could do 51.50...
[10:08] {dino} me too, but gut says it breaths first
[10:08] {dino} re-load around .25
[10:08] {dino} i want
[10:09] {dino} not happening
[10:09] {dino} you in ron?
[10:09] {RonS} @ .37
[10:09] {dino} beautiful
[10:10] {dino} you always do better on my calls than i
[10:10] {dino} infy sm l .01
[10:11] {RonS} got nervous...took .40...+1.03
[10:11] {dino} wtg
[10:11] {RonS} good thing
[10:14] {dino} that'll wake you up
[10:14] {RonS} ya, thanks to usual...amazing since they had good numbers
[10:15] {dino} thought the same thing
[10:16] {dino} out infy .38, +.37
[10:19] {patience} good morning, have i missed much?
[10:19] {dino} fmx sm l ave .045
[10:20] {Threei}  3 for 3, patience
[10:20] {Threei}  so, yes
[10:20] {patience} nice
[10:22] {dino} stop .94 -.10
[10:24] {RonS} ack  bac
[10:28] {dino} fmx sm l .65
[10:32] {RonS} look vhc
[10:32] {dino} stop .43, -.22
[10:35] {RonS} vhc show 24% of float short...
[10:36] {dino} patent play like idcc
[10:36] {RonS} ya...apparently 4g patents...
[10:36] {dino} slh sm l .16
[10:37] {dino} bud sm l .25
[10:38] {RonS} beer guys weak off heineken comments
[10:40] {dino} saw that yesterday
[10:41] {Threei} Short Setup: X  .60 break half lot
[10:45] {Threei}  1:1
[10:47] {dino} gpor sm l .99
[10:56] {dino} fmx sm l .02
[11:00] {dino} out gpor .44, +.45
[11:00] {dino} out bud .60, +.35
[11:01] {RonS} gj
[11:01] {dino} ty
[11:10] {RonS} Ratings Agencies Confirm Germany's AAA After Downgrade Rumor May Have Triggered A DAX Selloff
[11:15] {nemo} C&H IWM
[11:16] {nemo} damn too loate
[11:21] {dino}  panl wow
[11:21] {RonS} yeah, got slh .12 to .92  +.80
[11:22] {dino} gj, still in here
[11:26] {dino} out slh .13, +.93
[11:26] {RonS} it's a beaut...
[11:26] {dino} :D
[11:27] {dino} we found our atm
[11:27] {Threei}  :)
[11:38] {nemo} check out bid on GES
[11:38] {nemo} wtf
[11:39] {nemo} guss you can rebate trade off that for awhile
[11:40] {nemo} gone
[11:40] {nemo} back
[11:41] {nemo} selling
[11:41] {nemo} wow
[11:41] {nemo} dropped .10
[11:52] {dino} mkts have stopped moving
[11:53] {nemo} market has to eat lunch
[12:11] {nemo} panl dino
[12:17] {dino}  dropped a bit
[12:17] {dino} 28 to 53 in 4 days
[12:17] {RonS} hgsi sm l .79
[12:20] {dino} panl sm s .00
[12:21] {RonS} France extends short-selling ban on Financial stocks
[12:21] {nemo} yeah
[12:21] {RonS} ...until 11/11
[12:21] {nemo} something tells me they'll be extending that for years
[12:22] {dino} like it's the shorts' fault, idiots
[12:24] {dino} stop panl -.26
[12:28] {dino} gpor sm l .99
[12:31] {dino} ugh panl, rinsed
[12:34] {nemo} looking for spy bounce by .25
[12:35] {nemo} don't know how much though
[12:35] {RonS} out hgsi -.10
[12:38] {RonS} quote otd:  President Oblahblah just confirmed the earthquake in Virginia was in fact the result of movement and shift on the infamous 'Bush's Fault'
[12:39] {nemo} yeah, saw that joke yesterday...get with the program
[12:39] {RonS} ...thanks for sharing...
[12:39] {nemo} xxxooo
[12:39] {Threei}  lol
[12:39] {Threei}  you two
[12:40] {nemo} promise to kiss you behind the ear
[12:40] {dino} roflol
[12:40] {RonS} hey, my name ain't bunny...
[12:41] {dino} makes me think of platoon
[12:41] {nemo} too funny...laying on the bed watching a movie eating tortilla chips
[12:41] {nemo} bunny hops up want some
[12:41] {dino} wow slh 52s
[12:41] {nemo} so, she sticks her head in the bag and slips in
[12:41] {nemo} scared the shit out of her...all you see is this rabbit shoot straight up about three feet
[12:42] {nemo} I needed Depends
[12:43] {nemo} she's taken up boxing too
[12:43] {nemo} she stands up on her hind legs and tries to smack me with her front paws
[12:44] {Threei}
[12:44] {RonS} well...quit mashing her...
[12:44] {nemo} not with those big front teeth
[12:44] {dino} ohhh mannnnnn panl -1.20 from my rinsed entry
[12:46] {nemo} 115.95 area next support
[12:46] {dino} gpor stop-.30
[12:47] {Threei}  if I am allowed to quote myself,
[12:47] {Threei}  yesterday near the end of the day:
[12:47] {nemo} put a mirror in front of you
[12:47] {Threei}  News flow barring, SPY daily chart looks ready to reverse back down between here and 120
[13:04] {dino}  infy sm l .76
[13:06] {dino} gpor rinsed
[13:06] {nemo} 48 is vwap...not sure I'd expect more dino
[13:07] {dino} thx
[13:17] {nemo} panly
[13:17] {nemo} panl
[13:17] {nemo} C&H
[13:18] {nemo} 48 is vwap
[13:44] {dino} pdco sm l .40
[14:05] {RonS} in .42  thinkin 27.14 target
[14:08] {dino} lol, i want 26.70s
[14:14] {RonS} sheesh, glad i looked...i thought pdco was a driller
[14:18] {dino} pre-med pre-law whats the difference
[14:18] {dino} stop to .70
[14:18] {RonS} out pdco .74  +.32  thanks dino
[14:18] {dino} gj
[14:20] {dino} out +.30
[14:21] {RonS} gj...and i meant oil/gas driller...
[14:22] {dino} i know, slipped into animal house thoughts
[14:22] {RonS} oh
[14:24] {nemo} Series 56 deadline extended to 29 October
[14:24] {Threei}  desirably 2014
[14:25] {RonS} bet nemo saw that yesterday...
[14:26] {RonS} :D
[14:52] {Threei}
[14:52] {Threei}  two weeks before the German constitutional court rules on the legality of the various bailout policies. The verdict is expected on September 7.
[15:03] {Threei}  the more i look into it, the more i think it cold be really big event
[15:04] {nemo} Germany is the linchpin to the EU
[15:04] {Threei}  right
[15:04] {nemo} krauts are gonna' get revenge
[15:04] {Threei}  court says it's unconstitutional, union is done
[15:07] {Threei}  65% Trust Their Own Economic Judgment Over Obamas
[15:07] {Threei}  lol
[15:08] {Threei}  to be fair, same must be true fore any president
[15:21] {dino}   iyfyuc,vmb
[15:21] {nemo} have another drink
[15:22] {dino} falling asleep
[15:22] {Threei}  rofl
[15:25] {Threei}  if you listen to TV, Manhattan is likely to cease to exists on Sunday
[15:27] {dino} isn't that always the case
[15:27] {RonS} ...daughter flying home to there sat, to pack up and move to shanghai the following wed...
[15:28] {RonS} she is sad no craigslist shoppers will come to buy her stuff
[15:29] {RonS} they'll be able to get it free looting...
[15:29] {Threei}  huh
[15:29] {dino} how long in shanghai?
[15:29] {RonS} they are thinking 3-5 years
[15:30] {Threei}  till the it should become clear whether China overtakes USA or flops
[15:30] {RonS} she taught high school in harlem the past three so i think she can handle it
[15:30] {Threei}  so they'll make informed choice
[15:30] {nemo} oy vay...tell her to see if she can get into the White Cloud or Shenzhou temple...impressive places
[15:30] {Threei}  I can get into white cloud any day nemo
[15:31] {RonS} lol
[15:31] {Threei}  second bottle of single malt usually does it
[15:31] {Threei}  color of the cloud is not guaramteed though
[15:31] {dino} lol, i thought he was ordering chinese food
[15:34] {Threei}  what the deuce
[15:34] {Threei}  one after another, small mining companies follow me on Twitter
[15:34] {Threei}  what do I have to do with them
[15:35] {RonS} tells new yorkers 'do not swim'  during the hurricane
[15:35] {Threei}  rofl
[15:36] {Threei}  well, look... manufacturers of irons write in manuals hat customers shouldn't iron shits while wearing them
[15:36] {RonS} i would say...let's cull the herd...those dumbe enough to swim during the hurricane please do so...
[15:36] {RonS} dumb
[15:36] {Threei}  let Darwin work
[15:37] {Threei}  ok guys
[15:37] {Threei}  my view is, we break down
[15:37] {Threei}  looking at TZA
[15:37] {Threei}  want pullback
[15:37] {Threei}  half lot
[15:37] {Threei}  around .30 - 40
[15:37] {larisa} it is not dumb, where is your Sense of Adventure :)
[15:37] {Threei}  lol
[15:38] {dino} just dropped 60 pts in five min.
[15:38] {Threei}  I guiess my sense of adventure gets filled on clicking buy and sell buttons
[15:38] {Threei}  pathetic, I know
[15:39] {Threei}  but I can't find any mammoth or sabretooth tiger to kill with my bare hands these days
[15:40] {Threei}  and even though local paper alerted about cougar appearance nearby yesterday, I suspect she would be too pretty to kill
[15:44] {RonS} lol, jus thinkin a cougar for you would have to be what?  80?
[15:44] {RonS} :)
[15:44] {RonS} me too for that matter...
[15:50] {Threei}  I go off traditional estimates, not tied to my age :)
[15:52] {dino} lol
[15:58] {dino} nothing like another 300 pt range day
[15:58] {dino} this market trades 2% swings every other day
[16:00] {patience} not my style of day....making money every day but about half my daily
[16:01] {patience} ty vad
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening
[16:01] {Threei}  see you tomorrow
[16:01] {dino} gn all