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? TradeTheNews.com 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
[09:11] {Threei} BAC *BERKSHIRE HATHAWAY TO INVEST IN BOA; TO ACQUIRE 50K PREFERRED SHARES
[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} http://www.facebook.com/RealityTrader/posts/248710475151800
[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 chart...you'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 you...as 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} http://on.fb.me/nN1m9m
[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 ya...lol
[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} http://www.telegraph.co.uk/finance/financialcrisis/8720792/Germany-fires-cannon-shot-across-Europes-bows.html
[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} unreal...bloomberg 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
