Perfect day for us, as often on down days - two small stops, a lot of nice wins. Handled the day in a very calm, disciplined fashion. Let's also do an update to our SPY video series:
Session Time: Thu Sep 22 00:00:00 2011
[08:39] {Threei} wow
[08:39] {nemo} what wow?
[08:40] {nemo} btw...113.90 was semester S3
[08:40] {Threei} well, I of course expected a gap down, but the size is wow
[09:01] {Threei} oh btw
[09:01] {Threei} as if all other troubles were niot enough,
[09:01] {Threei} *(US) INITIAL JOBLESS CLAIMS: 423K V 420KE; CONTINUING CLAIMS: 3.727M V 3.722ME
[09:03] {RonS} gm...copper got crushed overnight -6+%
[09:03] {Threei} ron :)
[09:03] {Threei} well.. what didn't? :)
[09:04] {RonS} ese's optimism?
[09:05] {Threei} http://www.facebook.com/RealityTrader/posts/263845006983515
[09:12] {dino} gaps below ndx 2252
[09:12] {dino} then dji 10716, ndx 2044, s/p 1120
[09:17] {larisa} gm :)
[09:17] {Threei} larisa!
[09:17] {Threei} you know my question, right?
[09:18] {nemo} slw short
[09:18] {larisa} no, and not sure i want to :)
[09:18] {Threei} ok, I'll try to refrain
[09:18] {Threei} ok, I tried, no can do
[09:18] {Threei} may I finally say Panic and Crash?? :)
[09:19] {nemo} you can even shout "Fire" in a crowded theatre
[09:19] {larisa} :)
[09:22] {dino} the contrarian in me says look for bottom to buy
[09:22] {patience} good morning
[09:24] {dino} we were -4% as of yesterdays close from friday close, so another 3-5% should do it, imo
[09:24] {Threei} patience :)
[09:25] {nemo} [08:11] {nemo} We're already trading below daily S2 on spy 112-112.50 next area of support below, then below that 111-111.50 and then below that we have the 8/9 low
[09:25] {nemo} [08:13] {nemo} and to be really pessimistic, the next convergence zone below those is 108.50 to 109.20 with some price support in the 109.80 area
[09:25] {Threei} I for one am not going to guess on the bottom and trade it stock by stock and chart by chart
[09:26] {Threei} with skipping first minutes of course
[09:27] {dino} i am looking for the 1120 gap
[09:28] {Threei} that's critical support level
[09:29] {Threei} it we consolidated a bit above it and breakl it, look out below
[09:30] {Threei} ok guys, I don't have to warn you to be doubly careful today
[09:30] {Threei} you know about old anf bold pilots
[09:31] {Threei} let's skip first minutes of extra volatility and spreads
[09:31] {Threei} one thing though looks tradeable
[09:31] {Threei} Long Setup: SVM .60 b reak
[09:32] {ese} gm
[09:32] {Threei} ese :)
[09:32] {Threei} stop under .50
[09:32] {Threei} target .80
[09:32] {Threei} 3 partials
[09:32] {Threei} 2 partails sorry
[09:32] {dino} 2252 filled
[09:34] {Threei} we called FCX botomless chart" when it was about 41
[09:35] {ese} hmmmmmmmm nice job BEN!!!!!!!!! instilling that confidence in the market.....whatda guy
[09:35] {Threei} Ben is an idiot, to be sure...
[09:35] {Threei} but heck, what did we want him to do? pump even more money in this?
[09:36] {Threei} (EU) There is a growing consensus among EU diplomats and officials that Greece will default while remaining inside the eurozone. - UK Telegraph
[09:38] {Threei} and look where the next storm is brewing:
[09:38] {Threei} (CH) There are growing fears that Chinese developers are losing access to funding and will be forced to slash prices - FT
[09:38] {Threei} - In today's Asian session Greentown's Hong Kong-listed shares tumbled 16.2%, though the group said it was unaware of any investigation by the China Banking Regulatory Commission.
[09:38] {Threei} - Other Hong Kong-listed developers that use trust financing include Agile Property, Evergrande, KWG and Shimao. All four groups fell by more than 10% in trading today.
[09:38] {Threei} - Since June, all but the top state-owned developers have been shut out of international debt markets as bond prices have plunged, leaving China's nascent trust company sector as the lender of last resort.
[09:38] {Threei} - In the past few weeks, property prices have started to dip in many cities, after a sharp decline in sales volumes.
[09:38] {Threei} - In Shanghai, transaction volumes have slumped more than 50% y/y. As a result, developers have cut prices by up to 10% on nearly 150 residential projects in Shanghai, according to Chinese real estate site Soufun.
[09:38] {Threei} I start feeling like a real prophet
[09:39] {dino} sina sm l .50
[09:41] {dino} stop sina -.31
[09:41] {Threei} Long Setup: SLW .50 break
[09:42] {Threei} if stays above .35
[09:42] {Threei} regulate size according to your risk tolerance
[09:42] {Threei} and in this situation you can't be too careful
[09:44] {Threei} no go
[09:44] {Threei} why didn't we just sell it above .60
[09:45] {Threei} Long Setup: RIMM .80 break half lot
[09:45] {Threei} if stays above .70
[09:48] {Threei} invalidated
[09:48] {nemo} lvs
[09:48] {Threei} but watching for another trigger here
[09:48] {Threei} possible double bottom forming
[09:51] {Threei} nope
[09:54] {Threei} for such huge gap, martkret trades in a somewhat subdues fashion
[09:54] {Threei} subdued
[09:56] {dino} picking up speed now
[09:58] {Threei} yeah but on downside
[09:59] {Threei} ok, this setup looks more normal:
[09:59] {Threei} Long Setup: RIMM .50 break half lot
[09:59] {dino} thats what i saw
[09:59] {Threei} if stays above .40
[10:00] {dino} nvda l .40
[10:00] {Threei} yes... slower while trying to hold, accelerates when breaks down - more downside in cards
[10:00] {dino} rht sm l .75
[10:00] {Threei} *(US) JULY HOUSE PRICE INDEX M/M: 0.8% V 0.1%E
[10:01] {Threei} *(EU) EURO ZONE SEPT ADVANCED CONSUMER CONFIDENCE: -18.9 V -18.0E
[10:01] {Threei} *(US) AUG LEADING INDICATORS: 0.3% V 0.1%E
[10:02] {Threei} charts finally look like some bounce might develop
[10:02] {Threei} need SPY to break 113
[10:02] {dino} meli sm l ave .20
[10:03] {Threei} and if RIMM breaks .65, it has easy road to about .80
[10:03] {Threei} so, let's try to partial
[10:03] {Threei} unless you are convinced scalper
[10:03] {dino} out rht .15, +.40
[10:03] {Threei} wtg
[10:03] {dino} ty
[10:04] {patience} good for you dino, still haven't waded into the sharks
[10:04] {dino} ;)
[10:04] {dino} hmmm rht continued up
[10:05] {dino} out nvda .60, +.20
[10:06] {Threei} 1:1
[10:06] {Threei} half out, stop to .49
[10:07] {Threei} 1:2
[10:08] {dino} nvda l .51
[10:08] {dino} sina smr l .25
[10:09] {dino} 07 all green
[10:09] {Threei} SVM 1:1
[10:10] {Threei} RIMM taregt hit
[10:10] {Threei} out in full
[10:11] {Threei} SVM 1:2
[10:12] {Threei} so far so good
[10:13] {dino} out sina .40, +1.15
[10:13] {dino} out meli .34, +1.14
[10:13] {patience} ok, it is dino's day
[10:14] {dino} just lucky
[10:15] {Threei} beautiful
[10:18] {dino} aaww sm l .75
[10:18] {Threei} so far, calm and organized carries the day
[10:18] {dino} cyou sm l ave .40
[10:19] {dino} 07 all green
[10:23] {dino} out nvda .70, +.20
[10:23] {dino} .19
[10:25] {dino} stop aaww .46, -.29
[10:30] {Threei} OPEC members said to not be concerned about recent oil price decline as it is forecasted to be temporary - financial press
[10:30] {Threei} - Members claim recent decline can be attributed to speculation
[10:30] {Threei} so, let me get this straight
[10:31] {Threei} price rise is justified, drop is speculation
[10:31] {Threei} got it
[10:35] {dino} aaww sm l ave .31
[10:35] {Threei} (GR) Former Fed Chair Greenspan: Greece is a few weeks away from defaulting without a new tranche of aid
[10:35] {Threei} look who just can't shut up
[10:38] {dino} nvda l .51
[10:38] {Threei} something lit fire under RIMM
[10:39] {Threei} no news that I see
[10:44] {thomcbell} laggard on bloomberg radio
[10:45] {Threei} yeah, watching her on tv
[10:45] {dino} brk/b sm l .70
[10:45] {nemo} fdx
[10:48] {Threei} Long Setup: LVS .65 break
[10:48] {Threei} invalidated
[10:50] {Threei} aww
[10:50] {Threei} shouldv'e just bought the pullback eh
[10:55] {Threei} doesn't RIMM strike you as one of the least likely candidates to be green today?
[10:55] {dino} ilmn too
[10:56] {RonS} csx the most curious to me
[11:01] {dino} rrc again
[11:02] {dino} out nvda .63, +.12
[11:04] {Threei} Short Setup: RIMM .50 break
[11:04] {Threei} invalidated
[11:04] {Threei} but watching for double top
[11:04] {nemo} invalidations ain't taking long
[11:04] {Threei} Short Setup: RIMM .60 break
[11:04] {Threei} lol
[11:04] {nemo} rimm
[11:04] {Threei} that's a good thing
[11:06] {nemo} if it invalidates likely go to .90 area
[11:07] {Threei} it did
[11:08] {nemo} .79?
[11:09] {Threei} short?
[11:09] {Threei} no
[11:09] {Threei} not yet
[11:09] {nemo} .80 was a big level
[11:09] {nemo} selling .79's
[11:10] {Threei} let's it establish this level
[11:10] {Threei} now it becomes a short trigger
[11:10] {nemo} rebid it
[11:10] {nemo} spy going long a bit here
[11:10] {Threei} Long Setup: LVS .15 break
[11:11] {Threei} target .45
[11:11] {nemo} short rimm
[11:12] {nemo} out above .81
[11:12] {Threei} wow
[11:12] {Threei} that's tight stop
[11:12] {nemo} what, look at offer
[11:12] {nemo} 507 lots at .81
[11:13] {Threei} LVS stop .04
[11:13] {thomcbell} rimm classic chinook todayh
[11:13] {nemo} Helicopter, or wind
[11:13] {nemo} ?
[11:13] {Threei} salmon
[11:13] {thomcbell} salmon swimming against the current
[11:13] {Threei} :)
[11:13] {nemo} oh
[11:13] {Threei} 1:1 RIMM
[11:14] {nemo} .80 was the level, and that big offer put a lid on it
[11:15] {nemo} see .64?
[11:16] {nemo} if it drops .64 I might add, especially if it rebids and drops it again
[11:17] {nemo} nowtf
[11:18] {nemo} stop still above .81
[11:18] {Threei} LVS defends .05 fiercely
[11:18] {Threei} good boy
[11:19] {Threei} half out
[11:19] {Threei} stop to .09
[11:23] {Threei} out
[11:24] {RonS} nemo i am s rimm .65...target?
[11:25] {dino} nvda l .45
[11:25] {nemo} I'm just reading levels on rimm chart isn't telling me much
[11:25] {RonS} thanks
[11:27] {nemo} I"d say .40 a possible bounce but closest pivot support is .14
[11:28] {RonS} out rimm .35 +.30
[11:28] {Threei} nice
[11:29] {Threei} great trading today guys
[11:29] {Threei} calm, collected
[11:29] {Threei} disciplined
[11:29] {Threei} some'd say comatose, but they are just jealous
[11:30] {Threei} hmmm... on second thought yeah, comatose is our normal state
[11:30] {thomcbell} nice work rimm - 2x
[11:30] {dino} gj ron
[11:30] {RonS} new copper low
[11:30] {RonS} txs...lucky...
[11:30] {dino} praa sm l .24 pulp
[11:35] {nemo} spy higher low?
[11:36] {Threei} very hard to tell
[11:36] {thomcbell} and on a doji on the 15 min chart - somewhat interesting
[11:37] {RonS} just a europe closing bounce...imo
[11:37] {Threei} I dunno guys
[11:37] {nemo} OALA EHA ATOS
[11:37] {Threei} my guts say, we are to see more selling and new lows
[11:38] {RonS} hawaiian?
[11:38] {nemo} acronymian
[11:38] {patience} want to see the vix hit 50
[11:39] {RonS} kinky
[11:39] {patience} ty
[11:46] {Threei} Long Setup: RIMM .50 break
[11:46] {Threei} Short Setup: RIMM .40 break
[11:46] {nemo} scarecrow setup
[11:46] {Threei} what did you call me?
[11:47] {nemo} you ever see the Wizard of OZ?
[11:47] {Threei} he drops by sometimes, mostly when I am drunk
[11:48] {Threei} stop is self-explanatory I believe
[11:48] {Threei} target 1:3, three partials
[11:48] {nemo} in the movie they come across the scarecrow up on the pole and ask him which way to Oz. He promptly crosses both so they point in opposite directions and says "That a way"
[11:49] {Threei} must've been a trader
[11:53] {Threei} 1:1
[11:56] {Threei} 1:2
[11:56] {Threei} stop .41 for the last part
[12:00] {Threei} stop to .36
[12:03] {Threei} test of the low is about to come
[12:03] {Threei} IMO{ low will not hold
[12:06] {Threei} there
[12:06] {dino} 10716 filled
[12:06] {Threei} ugh, wanted to short LVS 46 break
[12:06] {dino} 10605 yearly low
[12:06] {Threei} then thought it would be pushing it
[12:06] {dino} 1101 and 2029
[12:12] {nemo} tempted to go long spy/tna here
[12:15] {Threei} (CH) Senator Brown (R-MA): China currency bill would treat currency manipulation as an unfair subsidy
[12:15] {Threei} - Asserts that China currency manipulation is undermining US job creation.
[12:15] {Threei} - Senator Schumer (D-NY): There is no question that China's trade practices are hurting the US economy.
[12:15] {nemo} nah...Bennie doesn't manipulate our currency
[12:20] {Threei} ok, now that morning rush is over... welcome aboard, thomcbell
[12:21] {Threei} RIMM, covered last piece
[12:21] {Threei} close enough to target
[12:40] {dino} l titn .76
[12:52] {dino} 07 green
[13:00] {dino} out brk/b .03, +.33
[13:00] {dino} out praa ave . 94, +.70
[13:01] {dino} out nvda .55, +.10
[13:14] {Threei} great winning series
[13:14] {dino} out aaww .66, +.35
[13:14] {Threei} (said he waking up)
[13:14] {RonS} lol, they had chubby checker on fast money last night talking about the twist...
[13:15] {RonS} the guy sounded very lucid...
[13:17] {RonS} good one: http://tinyurl.com/3oq833o
[13:18] {Threei} hehe
[13:26] {dino} stop titn -.27
[13:37] {Threei} http://www.facebook.com/RealityTrader/posts/263948690306480
[13:45] {Threei} TZA
[13:45] {Threei} half lot long here
[13:46] {Threei} got .55 and .60
[13:46] {Threei} stop under .40
[13:47] {Threei} Short Setup: RIMM 21 break
[13:47] {Threei} if stays under .10
[13:48] {Threei} SPY new low
[13:49] {Threei} no go TZA
[14:00] {Threei} rinsed eh?
[14:03] {Threei} RIMM 1:1
[14:05] {Threei} how about that call for more lows
[14:08] {Threei} as if anyone cares... back to coma
[14:18] {dino} 1120 filled
[14:22] {dino} rht sm l .85
[14:23] {Threei} (EU) EU is said to be looking to accelerate the recapitalization of up to 16 banks
[14:23] {dino} out rht .35, +.50
[14:25] {dino} titn l .25
[14:29] {dino} ssys sm l .09 ave
[14:30] {Threei} RIVO
[14:30] {Threei} TIVO
[14:30] {Threei} intergrates with facebook
[14:32] {Threei} let's see full text
[14:32] {Threei} (EU) EU is said to be looking to accelerate the recapitalization of up to 16 mid-tier banks - FT
[14:32] {Threei} - European officials are said to be ready to speed up plans to recapitalize the 16 banks that came close to failing last summer's EU stress tests.
[14:32] {Threei} - Seven are Spanish, two are from Germany, Greece and Portugal, and one each from Italy, Cyprus and Slovenia. The list includes Germanys HSH Nordbank and Banco Popolare of Italy.
[14:32] {Threei} ***Reminder: On Sept 21st there was dealer chatter that the French govt might force some kind of recapitalization on its banking sector. Separate reports indicated France was expected to launch a state bank for small and medium-sized companies
[14:33] {Threei} non-event IMO
[14:33] {nemo} to lend to whom?
[14:33] {Threei} exsactly
[14:33] {nemo} WHAT!!!?
[14:33] {Threei} they still treat it as liquidity crisis
[14:33] {Threei} sorry
[14:33] {Threei} eqzaktly
[14:33] {nemo} that spelling is a ahem...troutable offence
[14:33] {Threei} right
[14:33] {Threei} I am very very sorry
[14:37] {Threei} doesn'tit amaze you?
[14:37] {Threei} a few years intio crisis,
[14:37] {nemo} It's no worse than marriage
[14:37] {Threei} and they still try to cure this and that, but not the major underlying reason?
[14:37] {nemo} political solutions not operational
[14:38] {Threei} well, lunacy should end at some point... one would think
[14:38] {Threei} it;s not a crisis of liquidity
[14:38] {nemo} Red pill or Blue pill
[14:38] {dino} titn stopped again
[14:38] {Threei} it's not an economic cycle of overproduction
[14:38] {nemo} remember the chapter on sick-mindedness
[14:38] {Threei} it's a credit bubble
[14:39] {nemo} and a debt problem
[14:39] {Threei} severe credit cycle
[14:39] {nemo} yeah, there is no painless way out of this
[14:39] {Threei} no
[14:39] {nemo} I also think we're reaching certain Malthusian resource limits
[14:39] {Threei} but adding to debt as a cure?
[14:39] {nemo} only if curing is killing the patient
[14:41] {nemo} Funny...let's say the economy turns around, and actually gets strong. Where do you think oil and gas prices will go?
[14:45] {Threei} up
[14:45] {Threei} why?
[14:47] {nemo} well, it can only go so far before it becomes a significant drag on economic activity and consumer spending. Considering it's this high in the worst economic conditions since the Depression, there is relatively limited upside for economic activity
[14:47] {Threei} right
[14:47] {Threei} classic feedback-feedforward loop
[14:47] {nemo} And when you have an economy that has so much "discretionary" related economic activity, lots of that has to go by the wayside as more income is devoted to necessities
[14:48] {nemo} Frankly I think necessities will be redefined (I'm giving up boxers)
[14:48] {RonS} chnaging name to cj?
[14:48] {RonS} changing
[14:49] {nemo} commando j?
[14:49] {RonS} joe
[14:49] {Threei} well, when such big share of population considers iphone necessity...
[14:49] {nemo} http://www.cbsnews.com/8301-504784_162-20110214-10391705.html
[14:49] {Threei} sooner or latyer this had to crash no?
[14:49] {nemo} well...Iphone maybe, but untethered communications is replacing wireline
[14:50] {Threei} as if communication were necessity...
[14:50] {Threei} I am very fine not communicating with anyone
[14:50] {nemo} So, anyway...when all those discretionary items (seen a grocery store lately) are pared back, how many more jobs disappear?
[14:51] {Threei} yes... big part economy has been built on slack
[14:51] {nemo} me too...I catch hell...you didn't return my message...no...you didn't answer your phone...no
[14:51] {Threei} on fuzzy need
[14:51] {nemo} fuzzy need...no need
[14:51] {nemo} manufactured need
[14:51] {Threei} production and distribution of things that were demanded and consumed only because pkenty of easy credit sloshed around
[14:52] {nemo} and marketing is effective to brain dead humans...of which they are legion
[14:52] {Threei} credit bubble bursted, enormous share of products went out of demand, taking jobs with the,
[14:52] {Threei} simple as that
[14:52] {Threei} bursted?
[14:52] {Threei} yikes
[14:52] {nemo} let's see you need food, housing, clothing, sex, guns, and alcohol that's it!!!
[14:53] {Threei} actually... all you need is guns :)
[14:53] {RonS} don't forget the bullets...
[14:53] {nemo} true, you can get the rest with them
[14:53] {Threei} the rest will be given to you by those without them
[14:53] {nemo} that's implied Ron
[14:54] {nemo} oh, discretionary maybe, but I would like Psyllocibin Mushrooms and Peyote also
[14:54] {Threei} such sophistication
[14:55] {nemo} ? names dude
[14:55] {Threei} I am a savage, Hlenlivet will do
[14:55] {Threei} Glenlivet
[14:57] {dino} beer
[14:57] {nemo} that falls under "alcohol"
[14:57] {thomcbell} ah glen livet - 12 yr please
[14:57] {Threei} 12 or 18
[14:57] {Threei} either works
[14:57] {Threei} glenfiddich will do just as well
[14:58] {nemo} I remember having a bottle of either 100 or 150 year old Drambuie
[14:58] {nemo} what a difference, smooth as silk
[14:58] {nemo} As a sensitive aside...nobody faint because it's coming from me
[14:58] {dino} i have some 60 year old seagrams, drambuie, and crown
[14:58] {nemo} Remember last year when I was taking care of my dying uncle?
[14:58] {thomcbell} 18 a tad too rich
[14:58] {thomcbell} in flavor and register
[14:58] {nemo} Well, his wife brought me some of his wines (he was a wine nut)
[14:59] {Threei} well... yeah
[14:59] {nemo} So, during the power outage from the hurricane I was drinking them...nothing else to do
[14:59] {Threei} crap
[14:59] {nemo} One of them was a 89 Gewurztraminer from a Maryland Vineyard
[14:59] {Threei} and we sat here feeling sorry for you
[14:59] {dino} no genorater?
06[15:00] * Threei unsorries those two after-hurricane day
[15:00] {nemo} I'm sitting there when I realized...no generator...I was with him visiting the vineyard on the day he bought that wine...so, I'm saving the bottle...great guy...brilliant man
[15:02] {Threei} reminds me... I need t put away one nice bottle for the day of the big earthquake
[15:02] {Threei} which they say is coming to the town near me
[15:02] {nemo} December 21, 2012
[15:02] {nemo} I have inside information the Yellowstone Caldera is going to erupt
[15:03] {RonS} iceland more likely...
[15:03] {Threei} that one will put an end to it
[15:03] {nemo} that's going to sink
[15:03] {nemo} Watch, just our luck, France will survive
[15:04] {Threei} no market crashes anymore if yellowstone goes off
[15:04] {nemo} No, nothing anymore
[15:04] {Threei} ok, retest of the low is coming
[15:04] {Threei} really can't tell whether we make new lows on hold around these levels
[15:05] {Threei} my personal incination is, new lows
[15:05] {nemo} What'll really be a trip is we have a solar storm like the one in 1859...society ends that day
[15:05] {Threei} but to call a trade on it here... tough
[15:05] {Threei} we have two small stops
[15:05] {Threei} many nice wins
[15:05] {Threei} I consider today a perfect management of the crash
[15:07] {nemo} i'm getting long signals
[15:08] {RonS} ...from bunny?
[15:08] {nemo} silly...the voices in my head
[15:08] {dino} rht sm l .80
[15:08] {nemo} Bunny is AWOL today
[15:08] {nemo} bitch
[15:08] {nemo} can't get rid of her when she wants tortilla chips though
[15:10] {nemo} whoa...looks like the voices were right
[15:11] {nemo} bumper sticker I saw once: The voices in my head told me to stay home from work and clean my guns
[15:11] {dino} out rht .10, +.30
[15:11] {RonS} gj
[15:11] {dino} t6y
[15:11] {dino} ty
[15:15] {dino} we are down 900+ pts since tuesdays high
[15:17] {nemo} oh oh, you feel a drop coming?
[15:17] {Threei} I do
[15:17] {Threei} for what a week already? :)
[15:17] {nemo} I mean, into the close
[15:18] {Threei} I do
[15:18] {dino} dk
[15:18] {Threei} kind of: not strognly enough to play short, but enough to stay away from long
[15:19] {nemo} http://www.autoblog.com/2011/09/21/gms-onstar-now-spying-on-your-car-for-profit-even-after-you-uns/
[15:21] {dino} out ssys -.03
[15:33] {nemo} we bottomed at S2 weekly
[15:39] {Threei} yeah but did we bottom?
[15:40] {nemo} no, little bounce tomorrow, lower into weekend, rally next week
[15:41] {nemo} IMO OALA EHO ATAS
[15:42] {Threei} new low is comiong'
[15:42] {Threei} believe it or not
[15:42] {thomcbell} rht a beast
[15:44] {Threei} not today of course
[15:44] {Threei} but the look of things is not really "selling is exhausted"
[15:47] {dino} gap down open tomorrow then finish up 100
[15:47] {dino} gap down takes us to 1101
[15:49] {dino} hmm 150 pt rise
[15:49] {patience} just bought gis, agu, pot, mos,eca, su, fts, gdx, hgu, slw in long term account
[15:49] {dino} news?
[15:49] {Threei} nope
[15:49] {Threei} just some short covering I presume
[15:49] {nemo} short covering..bird in hand two in bush
[15:50] {dino} patience, i like the thinking
[15:50] {patience} dividends and long term trends :)
[15:59] {Threei} thank you all, grat day
[15:59] {Threei} great too
[15:59] {Threei} have a good evening, see you tmorrow
[15:59] {larisa} bye :)
[16:00] {dino} gn
