Friday, October 28, 2011

Oct 28 2011

(Participation in the room in real time requires membership)

Somewhat listless day,  with few trades and slightly positive. Fitting for a Friday after tense week. Overall, we handled this week very well. 

Session Time: Fri Oct 28 00:00:01 2011
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:21] {ese} mornin
[09:22] {Threei}  ese :)
[09:22] {ese} huge up day vad yesterday........what your general sense for today....pullback then carry on
[09:22] {ese} whats
[09:22] {ese} pause?
[09:23] {Threei}  my inclination is for pullback...
[09:23] {Threei}  may start sobering up,
[09:23] {Threei}  italian bond yields go through the roof, outlining next problem looming
[09:23] {ese} ya .....i'd be leaning that way as well
[09:24] {Threei}  worst of all - it's not really "next" problem
[09:24] {Threei}  it's the same probem, and the deal was supposed to calm down market fears about Italy
[09:25] {Threei}  this reation shows failure
[09:25] {ese} hmmmmmm.......gets one to thinkin for sure
[09:25] {Threei}  yeah... see, it was never about Greece per se
[09:25] {Threei}  it was about contagion
[09:26] {Threei}  you can save Greece or abandon Grece, and it wouldn;'t matter much - if niot the reaction it causes in more important economies
[09:26] {Threei}  of which Italy is number 1
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {ese} ya true.......can't disagree with that really
[09:26] {ese} laris
[09:27] {Threei}  equity market reaction is fleeting and not idnicative to the same degree as bond market
[09:27] {Threei}  and bind market says I am not impressed
[09:27] {Threei}  bond
[09:27] {RonS} will be an interesting side show...could get carried out today
[09:27] {Threei}  Ron :)
[09:27] {ese} you?
[09:28] {ese} ron
[09:28] {ese} why?
[09:28] {RonS} not
[09:28] {Threei}  before we short out first FXC, gotta share this quote:
[09:28] {Threei}  I try not to pay too much attention to the news. It's always full of other people's problems.
[09:29] {Threei}  lol
[09:29] {ese} lol
[09:29] {Threei}  keep half lot ready
[09:29] {dino} hey ron, that snowstorm of yours is hitting me tonight, 5"-12" inches
[09:30] {Threei}  wow
[09:31] {Threei} Short Setup: FCX  .90 break
[09:31] {Threei}  half lot
[09:31] {Threei}  if stays under .05
[09:31] {Threei}  no, not ready yet
[09:32] {Threei} Short Setup: SLW  .90 break
[09:33] {Threei}  if stays under .05
[09:33] {Threei} Short Setup: FCX  .20 break
[09:33] {Threei}  if stays under .30
[09:33] {Threei}  FCX half lot, SLW full
[09:34] {Threei}  SLW invalidated
[09:34] {Threei}  FCX triggered
[09:34] {Threei}  1:1
[09:34] {Threei}  target 1:3
[09:34] {Threei}  half out .06
[09:35] {Threei}  stop to .21
[09:35] {Threei}  1:3
[09:35] {Threei}  out
[09:36] {Threei} Short Setup: SLW  35 break
[09:36] {Threei}  if stays under .10
[09:36] {Threei}  invalidated
[09:39] {Threei} Short Setup: FCX  .20 break
[09:39] {Threei}  stop above .30
[09:39] {Threei}  target 1:4 this time
[09:40] {Threei}  3 partials
[09:40] {Threei}  no rinsing FCX
[09:40] {Threei}  just die
[09:42] {Threei}  scalpers win
[09:44] {Threei} Long Setup:  RIMM  .10 break
[09:44] {Threei}  if stays above 21 of course
[09:48] {Threei}  Germany's highest court has issued a temporary injunction banning the work of a new panel convened by the country's parliament to quickly green-light decisions on disbursement of taxpayer funds through the euro bailout program. The decision could lead to further delays in German decision-making in efforts to rescue the beleaguered common currency.
[09:53] {ese} dino...thoughts on DRIV
[09:53] {Threei}  (GE) German Chancellor Merkel; Does not believe the debt crisis will be over in a year
[09:54] {Threei}  try "ever" ma'am
[09:54] {dino} downgrade
[09:54] {Threei} Short Setup: SLW  35 break
[09:54] {Threei}  if stays under .10
[09:55] {dino} nihd hl l .34
[09:55] {Threei}  invalidated
[09:56] {ese} the confidence report?
[09:56] {ese} ohhhhhhhhhhhh.....SLW
[09:57] {Threei}  lol, yes
[09:57] {dino} dk driv
[09:57] {ese} dk?
[09:58] {dino} don't know
[09:58] {RonS} don't know
[09:58] {ese} lol
[09:58] {ese} i definitely didn't know!
[09:58] {Threei}  dki = Drop Kraszy Idea
[09:59] {dino} nihd stop -.24
[09:59] {Threei}  wow... SLW deserved two-sided setup
[09:59] {RonS} l nihd .10  next time call me...
[10:00] {dino} rinsed
[10:04] {RonS} out nihd +.11  thing is acting doggy
[10:05] {RonS} big early volume
[10:05] {dino} good out
[10:05] {RonS} waiting for a bolli break and re-enter
[10:11] {ese} L RVBD .48
[10:12] {Threei}  watching LVS for topping setup
[10:13] {Threei} Short Setup: LVS  .15 break
[10:13] {Threei}  stop above .25
[10:13] {ese} out RVBD ..5941 to be exact +.11
[10:13] {Threei}  1:1
[10:13] {dino} gj ese
[10:13] {Threei}  target 1:3
[10:14] {Threei}  1:2
[10:14] {Threei}  stop to .11
[10:15] {dino} fcx hl s .49
[10:15] {Threei}  1:3, out
[10:18] {cipher} lvs good one, thx 3i
[10:18] {Threei}  :)
[10:19] {dino} fcx stop -.16
[10:21] {ese} tks dino
[10:23] {dino} nihd hl l .81
[10:23] {RonS} nihd l .78
[10:24] {Threei} Long Setup:  V  95 break
[10:24] {Threei}  half lot
[10:24] {Threei}  lol
[10:29] {Threei}  come on... anyone even tried?
[10:29] {Threei}  I understand no one got it
[10:29] {Threei}  that was rocket launch
[10:29] {cipher} i cought a short on it for a scalp
[10:29] {dino} gj
[10:29] {Threei}  lol
[10:29] {dino} cipher the contrarian
[10:30] {Threei}  sibling of konan the barbarian?
[10:32] {ese} L DRIV by shooting .58
[10:34] {ese} out DRIV .69 +.11
[10:36] {dino} nihd to .98
[10:37] {nemo} how goies it today
[10:38] {ese} L DRIV .60
[10:38] {dino} out nihd  =.17
[10:39] {dino} +
[10:40] {Threei}  who is up for scaslp type I?
[10:40] {Threei} Long Setup:  RIMM  21 break
[10:40] {Threei}  if stays above .95
[10:40] {ese} out DRIV .75 +.15
[10:41] {dino} gj
[10:41] {ese} tks...well done on nihd
[10:42] {dino} ty
[10:43] {Threei}  now, while the world is drowning in problems, Canada has some on its own:
[10:43] {Threei}  A Canadian senator is calling for the industrious beaver to step aside for a new, more intimidating official national emblem: the polar bear.
[10:43] {Threei}  Slamming the beaver as a "dentally defective rat," Conservative Sen. Nicole Eaton this week urged that it be replaced as part of a national "emblem makeover," the National Post reports.
[10:43] {Threei}  Read more:
[10:43] {ese} Christ.......
[10:43] {ese} wtf next
[10:43] {Threei}  dentally defective rat, lol
[10:44] {Threei}  RIMM invalidated
[10:44] {ese} rotflol
[10:45] {ese}
[10:45] {ese} and yes.........................
[10:45] {RonS} guy's an idiot...the beaver was the backbone of the frontier economy
[10:45] {nemo} I like beaver
[10:45] {ese} for those of you south of the border
[10:46] {ese} some of us are that freakin stupid
[10:46] {RonS} w/ out the beaver it would have been another 100 years before settlement of the continenet
[10:46] {RonS} what did the polar bear ever do for anybody?  freakin greenies
[10:47] {Threei}  well, one thing they did for me
[10:47] {Threei}  my phto of a polar bear is my best seller
[10:47] {RonS} lol
[10:47] {Threei}  other than that... no idea :)
[10:48] {ese} lol
[10:48] {Threei}  this one:
[10:49] {Threei}
[10:49] {ese} nice
[10:50] {dino} nihd hl l .10 break
[10:50] {ese} could be dentally defective as well with those incisor teeth
[10:51] {RonS} out nihd .18 +.40
[10:52] {ese} L DRIV .65
[10:53] {ese} well done ron.............hard fought battle
[10:54] {ese} Royal BC museum vad?
[10:54] {Threei}  no
[10:54] {Threei}  it's a live one
[10:54] {ese} oh
[10:55] {RonS} ya shook me out of half of my position on the whip...was going for ese size, but held w/ ese dwarf
[10:55] {ese} where did you get that
[10:55] {Threei}  Portland zoo
[10:55] {Threei}  replaced background
[10:56] {RonS} oh ya, been there...remember when that exhibit was new...
[10:56] {ese} well go figur
[10:56] {dino} gj ron
[10:56] {RonS} ty
[11:01] {dino} cpsi
[11:01] {Threei}  how about that RIMM?
[11:02] {ese} well ya know..............ya got yer dentally defective rats and den ya got yer dentally defective bears............end of story
[11:02] {Threei}  here we go:
[11:02] {Threei}  (IR) Ireland PM Kenny: Will attempt more options to deal with lowering debt;will ask for more flexibility as Ireland has never requested a debt writedown
[11:03] {dino} ten hl l .75
[11:05] {Threei}
[11:09] {dino} and it begins, ireland
[11:09] {Threei}  yup
[11:09] {ese} am outta here early day.........cya monday...have a great weekend
[11:09] {dino} portugal, then italy
[11:09] {Threei}  how very unexpectedly
[11:09] {dino} cya ese
[11:10] {Threei}  who could have seen this coming
[11:10] {ese} dino vad ron
[11:10] {Threei}  take care ese
[11:10] {RonS} cya ese
[11:12] {dino} out nihd +.23
[11:21] {Threei}  hmmm
[11:21] {Threei}  how come ese and patience are not in the room at the same time?
[11:21] {Threei}  these two are hiding something
[11:25] {dino} hmsy hl l .51
[11:26] {thomcbell} what are u seeing there Dino?
[11:26] {dino} upside
[11:30] {Threei}
[11:30] {dino} hmsy stuck, tighten to .46
[11:32] {dino} stop
[11:36] {dino} ten to b/e
[11:43] {dino} out
[11:44] {Threei} Short Setup: SLW  36 break
[11:44] {Threei}  ugh... late
[11:45] {Threei}  ok
[11:45] {Threei}  same setup
[11:45] {Threei}  stop above .10
[11:46] {Threei}  watching FCX for bounce
[11:48] {Threei}  let's trail SLW stop to .06
[11:48] {Threei}  don't wnt to give it too much room
[11:48] {Threei}  out
[11:51] {dino} ten l .60
[11:51] {dino} stop .49
[11:55] {Threei}  grrr
[11:55] {Threei}  rinsed
[11:57] {dino} me too
[11:57] {dino} lots of rinses today for me
[11:58] {dino} stop ten -.11
[11:58] {dino} taking a break
[12:01] {patience} good morning
[12:01] {patience} i really dislike being patience when i short a stock
[12:01] {patience} patient
[12:03] {Threei}  what did you short?
[12:03] {patience} slw
[12:04] {patience} i don't do reversals well
[12:25] {RonS} sm l qihu .90  s/l .79
[12:28] {cipher} ten l 15
[12:29] {RonS} what the heck 100k sh offered at 21.00 qihu...
[12:31] {cipher} ten -15
[12:32] {RonS} offer acting real...
[12:37] {dino} chewing it up
[12:39] {thomcbell} SLW breaking the reaction low for short setup?
[12:42] {Threei}  does look this way...
[12:43] {patience} they aren't exactly rushing to the exits on it though
[12:46] {patience} out, rather trade gold
[12:51] {RonS} expe sm l .25
[12:52] {RonS} may be old news...Freeport McMoRan declares force majeure in Indonesia - strike will force it to break copper supply contracts.
[12:55] {Threei}  (IT) Italy PM Berlusconi: Euro has not convinced anyone; it is a 'strange' currency; vulnerabilities exist in legacy debt
[12:55] {Threei}  huh?
[12:55] {Threei}  this guy blackmails them or what?
[12:57] {dino} classic debtor, "not our fault"
[12:58] {Threei}  after his recent "banking problem is Germany and France issue" we see a pattern emerging
[12:59] {Threei}  Italy is the next Europe's disobeying child
[12:59] {Threei}  disobedient?
[13:00] {Threei}  bad boy, in short
[13:00] {RonS} disrobing?
[13:00] {Threei}  well, considring bunga bunga parties... yes :)
[13:47] {RonS} out qihu -.05, out expe -.07
[14:07] {dino}   vc spike
[14:11] {dino} sm s .98
[14:12] {RonS} Visteon $VC Shares Jump as Co. Might Be Looking to Sell Lighting, Interior Units -Bloomberg
[14:12] {dino} ty
[14:14] {dino} stop
[14:15] {dino} rinsed again wtf
[14:19] {dino} sm s .25 break wide
[14:23] {dino} stopped
[14:23] {dino} i give up today, nothing working
[14:23] {Threei}  locked market
[14:23] {Threei}  my coma seems to be the mst ap[propriate responce
[14:23] {patience} made money in overnight holds but useless day for me today
[14:25] {patience} it is a melt up environment when logically i'm thinking markets should be falling
[14:25] {Threei}
[14:26] {Threei}  logically?
[14:26] {Threei}  where is nemo
[14:26] {Threei}  he needs ot be here to eradicate this word from our vocabulary
[14:56] {RonS} qotd:  when mf gets kicked off the big board they plan to change their symbol to mofo..
[14:57] {Threei}  lol
[14:59] {patience} vad, any thoughts on tza
[14:59] {Threei}  i can't tell if market wants to drop into close
[15:01] {patience} ty
[15:03] {Threei}  doesn't look ike that so far
[15:05] {Threei}  Pru 7.0 eathquake
[15:05] {Threei}  Peru
[15:06] {RonS} doesn't scco operate there?
[15:07] {RonS} no reaction yet...
[15:10] {RonS} wierd epu ran up
[15:24] {thomcbell} slw Vad?
[15:25] {Threei}  really want to short the bejeezeus out of it
[15:25] {thomcbell} lol
[15:25] {Threei}  but honestly, not a very confident setup
[15:25] {Threei}  marginal
[15:25] {thomcbell} fair enuf
[15:25] {Threei}  look at SPY
[15:25] {Threei}  embodiment of indecisiveness
[15:26] {thomcbell} coin flip 7 handle move
[15:39] {Threei}  imagine a jellyfish now and then hit wth eletrocharged stick
[15:40] {Threei}  that's the market rifght now
[15:40] {Threei}  drifting aimlessly, from time and time jerking this or that way
[15:55] {Threei}  Ok guys, thank you all
[15:55] {Threei}  interesting week
[15:55] {Threei}  we handled it rather well
[15:56] {Threei}  have a great weekend, see ou all Monday
[15:59] {larisa} bye :)
[15:59] {patience} very profitable week, ty vad