Tuesday, November 1, 2011

Nov 01 2011

(Participation in the room in real time requires membership)

5 wins out of 8, with stops well controlled - not stellar but decent start for the month.


Session Time: Tue Nov 01 00:00:00 2011
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:12] {Threei}  how about this gap?
[09:13] {dino} mind the gaps 11864, 11539, 11103;  2334, 2306, 2202;  1242, 1215, 1155
[09:15] {jakob} good morning
[09:16] {Threei}  morning jakob
[09:18] {Threei}  folks really should start waking up earlier on such huge gap days
[09:19] {dino} been up since 6
[09:19] {dino} as usual. kids fed, on bus, 2 mile walk
[09:20] {Threei}  me too, a lot of activity - three times blinked right eye, twice - left...
[09:20] {Threei}  that's my morning exrecise
[09:20] {Threei}  I might be overstraining right eyelid muscle though, may have to scale back
[09:23] {dino} you might want to change that, lol
[09:26] {Threei}  http://goo.gl/pdo0E
[09:28] {Threei}  ese probably looked at the numbers and decided to sleep this one out
[09:28] {Threei}  let's skip first few minutes, want to lt the hottest emotions work themselves out
[09:29] {Threei}  (GR) GREECE PM CALLS FOR AN EMERGENCY CABINET MEETING AT 1600GMT
[09:29] {dino} just default and get it over with
[09:30] {Threei}  PMI halt
[09:30] {Threei}  who
[09:30] {Threei}  whoa
[09:30] {Threei}  look FCX
[09:31] {Threei}  that's one nasty bar for the early buyers
[09:31] {Threei}  one more leg down, then I'll get interested
[09:31] {dino} just filled 4 gaps
[09:32] {Threei} Long Setup:  FCX  .80 break half lot
[09:32] {Threei}  if holding .65
[09:33] {Threei}  invalidated
[09:34] {Threei} Long Setup:  SLW  .40 break
[09:35] {Threei}  stop under .25
[09:35] {Threei}  all plays are half lot of course for now
[09:36] {Threei}  target .70, two partials
[09:36] {Threei}  FCX got away
[09:36] {Threei}  1:1
[09:37] {Threei}  stop to .39 for the balance
[09:37] {Threei}  1:2, target hit
[09:38] {dino} out slw .70, +.30 ty vad
[09:38] {Threei}  :)
[09:38] {RonS} caught fcx .55 to .00 +.45
[09:38] {dino} gj
[09:38] {Threei}  nice one Ron
[09:38] {Threei}  I blinked through it
[09:40] {Threei} Short Setup: RIMM  .40 break
[09:40] {dino} mdr sm l .51
[09:40] {Threei}  if stays under .50
[09:42] {dino} sm l driv .99
[09:44] {Threei}  1:1
[09:46] {RonS} back in 90 min...appt..
[09:46] {Threei}  while you are there ron,
[09:47] {Threei}  kick a few sleepy asses: swill, thomc, patience, nemo
[09:47] {Threei}  how do people miss such a day, beyond me
[09:47] {Threei}  ese too
[09:47] {dino} lol, easy boss
[09:48] {Threei}  just hate waste :)
[09:48] {Threei}  history is being made daily
[09:48] {dino} my favorite kind of day, big gap down
[09:48] {Threei}  a little bit too big
[09:48] {dino} nah, leaves nice gaps above
[09:49] {Threei}  normally, my favorite too,
[09:49] {Threei}  but this size creates a lot of nervousness, volatility is a bit above desirable
[09:49] {Threei} Short Setup: FCX  .60 break
[09:50] {Threei}  if stays under .75
[09:50] {Threei}  invalidated
[09:52] {Threei}  finally RIMM
[09:52] {Threei}  1:2, out
[09:52] {dino} gj
[09:52] {Threei}  ty
[09:53] {Threei}  crap forgot about one more I targeted as long... LVS
[09:54] {Threei}  if pulls back shasrply to aabout 36, will get interested
[09:54] {Threei}  46
[09:54] {Threei}  36 would be a bit too sharp, wouldn't it :)
[09:56] {dino} lol
[09:57] {Threei} Short Setup: LVS  .50 break
[09:57] {dino} mdr to .70
[09:57] {dino} driv to .94 stuck
[09:58] {Threei}  if stays under .65
[09:59] {dino} out mdr .70, +.19
[09:59] {Threei}  no go LVS
[10:00] {Threei}  (US) OCT ISM MANUFACTURING: 50.8 V 52.0E; PRICES PAID: 41 V 55.0E
[10:00] {dino} driv to b/e
[10:03] {Threei}  LVS rinse
[10:11] {dino} ten sm l .35 gappy
[10:17] {dino} driv stop .04, +.05
[10:17] {Threei} Long Setup:  FCX  .10 break
[10:17] {Threei}  if stays above 38
[10:18] {Threei}  target .45
[10:18] {Threei}  3 partials
[10:18] {Threei}  1:1
[10:19] {Threei}  stop to .08
[10:19] {dino} iart sm l .00
[10:20] {Threei}  oh come on, 1 cent to 1:2?
[10:20] {Threei}  don't be thast stock FCX
[10:21] {Threei}  OK... scalpers win
[10:25] {dino} spike
[10:26] {Threei}  look at this slime bastard
[10:26] {Threei}  hitting target to the t after shaking our balance
[10:28] {Threei}  here is how you spell DENIAL:
[10:28] {Threei}  (EU) France Pres Sarkozy and Germany Chancellor affirm commitment to implementation of EU debt deal from last week - financial press
[10:28] {Threei}  - Leaders see deal as more necessary now than ever
[10:28] {dino} out ten .741, +.391
[10:29] {Threei}  walls are crashing down around them, they are reaarnaging chairs and fiddle
[10:29] {dino} i think its up to greece
[10:29] {dino} iart to .93
[10:30] {Threei}  but even if Greece somehow doesn't blow it all uop, Portugal will... or Italy... or Spain... or any combination of the above, sprinkled with Ireland
[10:31] {dino} out iart flat
[10:33] {Threei}  leaders plan meeting in Cannes on Wednesday before the official G20 summit
[10:33] {Threei}  why do they bother going home these days?
[10:33] {Threei}  they seem to meet so often, then can just move in together
[10:34] {patience} good morning
[10:34] {Threei}  hah
[10:34] {Threei}  look who decided to wake up
[10:34] {patience} got the flu shot, got sicker than a dog
[10:34] {patience} although this morning, just lazy
[10:35] {patience} i see my overnight hold of tza is happy
[10:36] {Threei}  ok... you can earn forgiveness by go to swill and ese's and throwing rocks in their windows
[10:37] {patience} um, nope
[10:37] {patience} hey gold stocks are recovering from drop this morning
[10:37] {Threei}  no forgiveness then
[10:39] {patience} had masses of kids at the door for hallowe'en, bet ese did as well
[10:39] {patience} he must be tuckered out from handing out candy
[10:39] {Threei}  I love my rural area
[10:39] {Threei}  no single kid knocking the door
[10:40] {dino} had 10
[10:40] {patience} i love seeing the costumes, and the kids are fun.  i always tell them to dig into the bowl and take as much as they want
[10:40] {Threei}  you lost me right T "kids are fun"
[10:41] {RonS} just ese, eh?
[10:41] {dino} nihd sm l .65
[10:42] {Threei} Short Setup: FCX  .60 break
[10:42] {Threei}  1:1
[10:46] {dino} nihd stop .47, -.18
[10:46] {Threei}  1:2
[10:47] {Threei}  i am out
[10:47] {dino} gj fcx
[10:47] {Threei}  {FCX} ty
[10:51] {RonS} ing l .37
[10:56] {Threei}  Portugal has defaulted on its national debt five times since 1800, Greece five times, Spain no less than seven times
[10:56] {Threei}  business as usual then
[10:58] {dino} mstr blood
[11:02] {Threei} Short Setup: FCX  .50 break
[11:03] {Threei}  if stays under .60
[11:03] {Threei}  this one if works should be good for 1:3...
[11:04] {Threei}  no go
[11:04] {Threei}  rinse... grrr
[11:04] {Threei}  ad I mean grrrrrrrrr
[11:05] {dino} yeah
[11:05] {dino} you still on half lots?
[11:05] {Threei}  last two full
[11:05] {dino} ok thx
[11:05] {Threei}  things calmed down
[11:11] {RonS} mstr sm l .58
[11:16] {RonS} gt sm l .48
[11:16] {dino} sm l nihd .40
[11:16] {dino} 111 ron?
[11:17] {RonS} ?
[11:17] {dino} mstr 111.48?
[11:17] {RonS} 110...
[11:17] {dino} nice
[11:22] {RonS} out mstr 111.34 +.76  went from a few minutes of pulp to thick,,,
[11:23] {dino} gj
[11:25] {RonS} lol...sarkozy and markel "to meet greeks"....r they going to the spa?
[11:27] {dino} they are screwed so getting in all the parties they can on publics dime
[11:27] {dino} not too mention smuggling euros out of the country
[11:29] {dino} ten sm l .25
[11:34] {RonS} mstr sm l 109.00
[11:34] {Threei}  strong feeling that shorting time comes again
[11:34] {Threei}  but can't find clear setups
[11:35] {dino} ten stop -.33
[11:36] {Threei}  was looking at SLW .50 break
[11:36] {Threei}  in retrospect, would have worked... but looked questionable
[11:36] {RonS} out mstr .72
[11:37] {RonS} look apkt
[11:39] {dino} news
[11:40] {dino} att deal signed
[11:48] {dino} auxl sm l .01
[11:48] {RonS} Iran bans 2 soccer players for 'immoral acts' during goal-scoring celebrations, state TV says
[11:49] {dino} lol
[11:49] {dino} as if iran is moral
[11:50] {Threei}  hehe
[11:53] {dino} auxl stop -.07
[11:54] {Threei}  Bank of America dropping plan to add $5 monthly debit card fee
[11:54] {Threei}  good PR... get everyone in the world white mad at you, only to back off in a month
[11:55] {RonS} ye nflx model...
[11:55] {Threei}  good things these folks do not run lemonade stands, contry would have died of thirst
[11:55] {Threei}  exactly, NFLX
[11:57] {dino} iart sm l .64 ave
[12:03] {Threei}  lvs
[12:04] {Threei}  .50 break short
[12:04] {dino} 1215 filled
[12:04] {Threei} Short Setup: LVS  .50 break
[12:04] {Threei}  if stays under .60
[12:06] {Threei}  invaldated
[12:06] {dino} chk sm l .59
[12:13] {RonS} vix 25 to 37 in two days...wow
[12:14] {Threei}  just wait till EU admits it's dead
[12:22] {Threei} Short Setup: LVS  .50 break
[12:22] {Threei}  same setup
[12:25] {Threei}  same fate
[12:25] {Threei}  lol
[12:32] {dino} giddy-up
[12:35] {Threei}  not overly ehtusiastic
[12:39] {dino} hitting nemos vwap
[12:42] {dino} chk to .99
[12:42] {RonS} gj...decided not to chase...
[12:42] {dino} out .02, +.43
[12:42] {Threei}  nice
[12:43] {dino} ty
[12:57] {Threei}  (GR) Greek press sources are reporting that the chiefs of the Army, Air Force and Navy were asked to resign today
[12:57] {Threei}  why, did they threaten the coop?
[12:58] {Threei}  what an incrwedible mess...
[12:59] {dino} what, your spelling? lol
[12:59] {RonS} was thinking about calling him elmer...
[12:59] {dino} lol
[12:59] {RonS} :D
[13:00] {Threei}  ummm
[13:00] {Threei}  I really dunno what you mean by calling what I do "spelling"
[13:00] {Threei}  it's nothing but
[13:00] {Threei}  antyhing but
[13:01] {Threei}  I hit keys randomly and enjoy the result
[13:05] {dino} iart stop -.23
[13:06] {dino} mdr l .60
[13:19] {RonS} qotd:  traders are raising cash because kim kardashian is available...
[13:20] {Threei}  hmmm
[13:22] {RonS} fwiw...the kardashians are part of the armenian emigration in the case of the first modern genocide
[13:23] {RonS} fresno california is where most went
[13:24] {RonS} the turkish red sultan killed 1.0-1.5 million armenians who tried for independence after greece had won it
[13:24] {RonS} they thought the british would help but for got they used their navy and that armenia is land locked
[13:24] {RonS} forgot
[13:26] {RonS} armenians are christians...
[13:26] {RonS} happened circa 1900 if i remember correctly
[13:29] {dino}  spike
[13:30] {RonS} of what bozo said what?
[13:30] {RonS} ok...sheesh
[13:31] {RonS} out ing .50 +.13 ese size
[13:32] {RonS} Greek PM's Referendum Call "Basically Dead" - Socialist Party Official
[13:33] {RonS} ...bozo du jour...
[13:33] {dino} 80 pts in seconds
[13:33] {dino} make it 100+
[13:33] {dino} gj
[13:33] {Threei}  lol
[13:34] {Threei}  football in hands of idiots
[13:38] {Threei}  ROFL:
[13:38] {Threei}  12.5% of the planets have 71% of the mass #occupyjupiter
[13:38] {RonS} heavy topic?
[13:40] {Threei}  one unknown and unnamed official expressed his opinion that referendum is no go - market jumps 50 points
[13:40] {Threei}  one more ROFL:
[13:40] {Threei}  Greek Cabinet votes to get long the $SPY, then call off referendum. Solve fiscal crisis with trading gains
[13:41] {RonS} rotflol
[13:42] {dino} lol
[13:43] {RonS} cree
[13:44] {Threei}  here is full text:
[13:44] {Threei}  (GR) Greek ruling party member suggests that the PM's idea for a referendum is "basically dead" - financial press- The Socialist party (PASOK) member is not named in the report. **NOTE: the emergency cabinet meeting that started at 12:00ET is still ongoing.
[13:46] {Threei}  so he slid out of the meeting ("I am only for a second, gotta pee") to report this to some journalist waiting outside?
[13:48] {dino} out nihd .41 +.23 ave
[13:48] {dino} mdr to .75
[13:48] {dino} out mdr +.15
[13:57] {RonS} look lvs
[14:00] {Threei}  yeah
[14:05] {Threei}  be back in 20
[14:30] {Threei}  back
[14:34] {Threei} Long Setup:  LVS  48 break
[14:36] {Threei}  stop under .90
[14:36] {Threei}  nah
[14:39] {nemo} How goes the rat race?
[14:39] {Threei}  4:7 or so
[14:39] {Threei}  my math might be off
[14:39] {nemo} gap up gap down
[14:39] {nemo} take your shoes off make it easy on yourself
[14:40] {Threei}  if it were the only problerm
[14:40] {Threei}  opening eyes is involved as well
[14:40] {nemo} you folks like the update better the new way?
[14:42] {dino} fst
[14:42] {nemo} mmmmhhhh...given the silence, no one has either looked, or could give a rats ass
[14:44] {Threei}  dino gives that ass:
[14:44] {Threei}  12:39] {dino} hitting nemos vwap
[14:44] {nemo} ahh
[14:45] {nemo} there was a $1 trade off of spy vwap at 1:50 which was a $1.50 in tna at the same time
[14:47] {nemo} nice one at just after noon also
[14:50] {nemo} love the title:  http://www.zerohedge.com/news/jon-corzine-meet-bubba?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
[14:51] {Threei}  sheesh... use url shortener, will ya
[14:51] {nemo} how?
[14:52] {RonS} http://tinyurl.com/
[14:52] {Threei}  Cjrome app store, search for url shortener, there are a few of them
[14:52] {Threei}  one click deal, very convenient
[14:53] {Threei}  https://chrome.google.com/webstore/search/url%20shortener?hl=en-US
[14:53] {Threei}  I usde this one
[14:53] {Threei}  https://chrome.google.com/webstore/detail/mnnkfmkiefebamlmijhohmjaajilnlen?hl=en-US
[14:53] {nemo} too many to pick frome
[14:54] {Threei}  http://goo.gl/HQ5BJ
[14:54] {Threei}  there
[14:56] {RonS} BREAKING: MF Global admitted to using clients’ money as its financial troubles mounted: AP
[14:57] {dino} wow
[14:57] {nemo} yep, that's what my unshortened article said
[14:58] {RonS} pouty, eh nemo?
[14:58] {nemo} hell no, just as obnoxious as ususa
[14:58] {nemo} usual
[14:58] {Threei}  thank goodness
[14:59] {nemo} can't trade, haven't killed anything this hunting season yet, so....whaddya' expect
[14:59] {Threei}  any less, and we would worry about your health
[14:59] {Threei}  any more, and our own health would be threatened
[14:59] {nemo} nah, too far away
[14:59] {nemo} take me 10 hours to get to Dino
[15:00] {Threei}  more actually
[15:00] {Threei}  take into consideration that if dino learns to are getting to him, he will move quickly away
[15:00] {Threei}  to = you
[15:01] {nemo} oh, and as if I'll tell him I'm coming
[15:04] {Threei}  now what?
[15:04] {Threei}  sharp drop
[15:04] {Threei}  no news yet
[15:05] {RonS} was his name nemo?...A 10-year-old Aiken trick-or-treater pulled a gun on a woman who said she would take his candy on Halloween.
[15:05] {nemo} South Carolina?
[15:05] {nemo} might be my nephew
[15:06] {RonS} ...think atlanta suburb...
[15:06] {nemo} ahhh, no
[15:06] {Threei}  could be just a spiritual brother
[15:07] {Threei}  (GR) Spain Fin Min Salgado: Nothing was said about any possible referendum during the European summit last week, no one expected the referendum idea
[15:07] {nemo} he's possessed too?
[15:08] {nemo} frickin' Greek's trying to backdoor the process...how poetic
[15:08] {Threei}  life is not always planned, Salgado, live with it
[15:08] {RonS} lol nemo
[15:10] {nemo} subtle, aren't I?
[15:17] {RonS} accounted as a loss?  mf lawyer says all funds accounted for...
[15:17] {Threei}  can be accounted as stolen as well
[15:21] {Threei}  FCX
[15:21] {Threei}  two sided setup
[15:21] {Threei}  long 39 break, short .90 break
[15:22] {Threei}  short it is, target 1:3
[15:23] {Threei}  1:1
[15:24] {dino} gj
[15:25] {Threei}  ty
[15:30] {Threei}  scapers win
[15:36] {dino} calling it a day, thx all, good one
[15:38] {Threei}  take care dino... not outstanding here but decent
[15:43] {Threei}  oh god
[15:43] {Threei}  *(US) US LAWMAKERS PLANNING TO PROPOSE A FINANCIAL TRANSACTION TAX (TOBIN) RELATED TO STOCKS AND BONDS
[15:43] {Threei}  f**ing imbeciles
[15:43] {nemo} which lawmakers?
[15:44] {Threei}  US ones
[15:45] {Threei}  - Senator Harkin (D-IA) and US Rep Defazio (D-OR) propose the tax
[15:46] {nemo} same guys that have been promoting it for years
[15:46] {nemo} They're the poster children...they do it every year.  Defazio files a bill annually
[15:48] {Threei}  here is the difference this year:
[15:49] {Threei}  whole OWS crowd will support it
[15:50] {Threei}  (GR) Greece PM Papandreou's spokesperson has affirmed the prime minister's intent to hold referendum
[15:50] {Threei}  - Spokesperson notes that the PM does expect to win the confidence vote scheduled for Friday
[15:52] {Threei}  closing closer to lows
[15:52] {Threei}  life will be interesting once again tomorrow
[15:53] {Threei}  whole end of the year promisdes to be anything but boring
[15:53] {Threei}  looking forward... I like this environment
[15:55] {Threei}  ok guys, thank you
[15:55] {Threei}  have a good evening, see you tomorrow
[15:55] {larisa} bye :)
[15:57] {patience} thanks vad