Tuesday, December 13, 2011

Dec 13 2011

(Participation in the room in real time requires membership. Free trial is available)

Perfect day, with one scratch and a lot of nice winning trades. One of those days when investors think "why am I not a day trader" and day traders think "thank god I am not an investor."

Session Time: Tue Dec 13 00:00:00 2011

[09:04] {Threei}  good morning
[09:04] {Threei}  my ISP is doing something in our area today
[09:04] {Threei}  connection goes on and off
[09:04] {Threei}  if I disappear in cyberspace, know that I will be back
[09:04] {Threei}  (in my best Arnold voice)
[09:09] {swill} I will be away a little today as well.  Driving miss daisy
[09:12] {Threei}  OK... but not whole day?
[09:13] {swill} no. I'm good till eight, then away
[09:14] {Threei}  oh that's OK, the way it goes lately after 8 we are likely to be in deep coma
[09:14] {swill} then you can go home and not be bored
[09:15] {pragmatic} stop sending him home :)
[09:15] {swill} lol
[09:15] {pragmatic} gm
[09:15] {Threei}  great... just as I found one single person willing to give me a break, party pooper comes allong {G}
[09:19] {jakob} good morning
[09:20] {Threei}  jakob :)
[09:20] {Threei}  an update... the course is online, testing access and licking out glitches
[09:21] {swill} this is my christmas gift to myself
[09:21] {Threei}  I am flattered
[09:23] {swill} well you've work hard on it
[09:23] {Threei}  nah, I just hit jeys randomly... sometimes it makes sense
[09:23] {Threei}  keys
[09:24] {swill} lol
[09:24] {Threei}  you know... 10000 monkeys and War and Peace theory
[09:24] {swill} no
[09:25] {Threei}  if you put them in the room, give them typewriters and leave them alone for a few million years, sooner or later they will produce War and Peace
[09:25] {Threei}  OK... speaking of market,
[09:26] {ese} morning
[09:26] {Threei}  ese :)
[09:26] {Threei}  there is nothing positive coming out of Europe, yet we are in positive territory
[09:26] {Threei}  sounds like time for some bounce,
[09:26] {Threei}  hard to tell whether it will be slammed right away, or stay for a while
[09:27] {ese} another show done last night......10 down in 2 weeks .....2 to go this week and i'm home free........drinking time
[09:27] {Threei}  :)
[09:27] {Threei}  SLW is negative, watching ot as short candidate
[09:30] {Threei} Short Setup: SLW  32 break half lot
[09:31] {Threei}  if stays under .10
[09:32] {Threei}  invalidated
[09:32] {Threei} Short Setup: FCX  .90 break
[09:32] {Threei}  half lot
[09:32] {Threei}  if stays under 39
[09:33] {Threei}  invalidated
[09:33] {Threei}  but remains on radar
[09:33] {Threei}  very weak move comparing with SPY
[09:33] {Threei} Short Setup: FCX  39 break
[09:33] {Threei}  if stays under .10
[09:34] {Threei}  .10 break now
[09:34] {Threei}  if stays under .20
[09:35] {Threei}  target 1:3
[09:35] {Threei}  1:1, first partial and trail stop to .15
[09:36] {Threei}  1:2
[09:36] {Threei}  stop to .05 for the last piece
[09:38] {Threei} Short Setup: BBY  .15 break
[09:38] {Threei}  stop above .25
[09:38] {Threei}  too fast?
[09:39] {Threei}  1:1..
[09:40] {Threei}  out last FCX
[09:40] {Threei}  BBY 1:2, out
[09:41] {Threei}  am I here?
[09:42] {cipher} didn't catch bby
[09:42] {Threei}  yeah, was a couple seconds late on alert
[09:43] {Threei} Long Setup:  LVS  .40 break half lot
[09:43] {Threei}  stop under .30
[09:44] {Threei}  target 1:2
[09:44] {Threei} Long Setup:  FCX  .20 break
[09:44] {Threei}  stop under .10
[09:45] {Threei}  LVS 1:1
[09:45] {Threei}  FCX 1:1
[09:47] {Threei}  FCX 1:2, out
[09:49] {Threei}  LVS 1:2 target hit
[09:49] {Threei}  out
[09:51] {Threei} Short Setup: GLD  163 break half lot
[09:51] {Threei}  ugh... late again
[09:51] {Threei}  crap, 1:1
[09:52] {Threei}  I mean 1:2
[09:55] {Threei} Long Setup:  FCX  .40 break
[09:56] {nemo} oy frickin vay!
[09:56] {Threei}  stop under .30
[09:56] {Threei}  what?
[09:56] {Threei}  a few numbers in 4 min...
[09:56] {nemo} visiting with alex until 2:30 or so...ouch
[09:57] {nemo} I just rolled out of....
[09:57] {nemo} er....got up off the floor
[09:58] {Threei}  let's scratch FCX into this bounce
[09:58] {Threei}  no confidence this close to numbers
[09:58] {nemo} So why the gap up...Santa Claus laying off elves so profits will be up?
[09:58] {Threei}  pretty much
[09:59] {nemo} Interesting how alcohol affected conversation last night
[10:00] {Threei}  (US) Dec IBD/TIPP Economic Optimism: 42.8 v 42.3e
[10:00] {nemo} after working on the "book" conversation devolves to Bulgakov and Goethe
[10:00] {nemo} well, guess that wouldn't be devolves...veers
[10:05] {nemo} mmmhhhh....iwm flat spy climing
[10:07] {RonS} tvix sm l .35
[10:10] {nemo} So, uze guyz been insulting me in my abscence?
[10:10] {Threei}  totally
[10:11] {Threei}  one was especially good, let me find
[10:11] {RonS} read it and weep...or rejoice...
[10:11] {RonS} :)
[10:11] {Threei}  ah, here it is
[10:12] {Threei}  [12:27] {Threei} you are mean
[10:12] {Threei}  [12:27] {Threei} speaking of mean... where is nemo
[10:12] {Threei}  [12:28] {RonS} him not being here is really mean...
[10:12] {Threei}  [12:28] {Threei} very
[10:12] {Threei}  [12:28] {Threei} him being here makes us all look better
[10:12] {Threei}  [12:28] {RonS} lol
[10:12] {Threei}  [12:29] {Threei} so by not being here he makes us look worse, thus it's mean
[10:12] {Threei}  [12:29] {Threei} there... what a immaculate logic chain
[10:13] {nemo} wow...politics in his future
[10:18] {nemo} Wow...I guess I've taught you everything I know...time to walk off into the sun....err the bar
[10:19] {nemo} Drank the best rum I've ever had last night
[10:19] {Threei}  lol
[10:20] {nemo} Don't bother asking me the name...I don't remember
[10:20] {nemo} Came in a funky shaped bottle
[10:22] {Threei}  so far so good but that GLD short that got away, ugh
[10:22] {Threei}  look at it
[10:23] {patience} good morning
[10:23] {patience} bought various oil plays
[10:24] {Threei}  morning patience
[10:25] {Threei}  (GE) Germany Chancellor Merkel said to have maintained stance against increasing the size of the ESM - financial press
[10:25] {nemo} spy at vwap
[10:25] {Threei}  Hell hath no fury like a union scorned:
[10:25] {Threei}  (UK) EU Ministers have warned the UK's financial sector is not shielded by PM Camerson's veto of the summit proposals, vowing to implement tough financial regulations on the UK regardless - Telegraph
[10:26] {Threei}  Moral: be careful joining any union, some of them are Hotel California
[10:28] {RonS} out tvix .90  +.55...weird instrument...loose tracking of vix
[10:28] {Threei}  I guess Seinfield rally ran its course... looking for bounce to short
[10:28] {Threei}  lol ron
[10:29] {Threei}  as if VIX irtself was not weird enough,,
[10:29] {Threei}  you picked its wierder cousin
[10:31] {Threei}  FCX
[10:31] {Threei}  watching for possible short around .20
Session Close: Tue Dec 13 10:38:01 2011

Session Start: Tue Dec 13 10:38:01 2011
Session Ident: #discussions
02[10:38] * Disconnected
02[10:53] * Attempting to rejoin channel #discussions
03[10:53] * Rejoined channel #discussions
[10:54] {Threei}  ugh... ISP really will be pain in the butt today it seems
[11:03] {Threei} Long Setup:  FCX  .75 break
[11:03] {Threei}  if stays above .65
[11:05] {Threei}  invalidated
[11:06] {ese} Patience......i was in your backyard doing a show last night.  Uplands Golf club
[11:11] {nemo} spy topped out .07 below wpp
[11:11] {patience} ran around it yesterday, but still recovering from 5 hours of dancing saturday night....i am getting old....can't take 3am dancing any more
[11:11] {ese} the prints on my spyders 1min chart are very weird this morning....almost every print has a long tail on it either from above or below....very strange
[11:12] {patience} me too ese
[11:12] {ese} lol
[11:12] {ese} whats with that vad?
[11:13] {Threei}  I don't have it
[11:13] {Threei}  not sure what you see
[11:13] {Threei}  chart looks normal here
[11:15] {ese} last 10min of spyders start between 125.20 &125.40....actual print is 124.40 to 124.60    100pts difference almost....very odd looking
[11:15] {ese} patience.....yours is the same
[11:19] {patience} those tails you see....it is why i stopped putting in hard stops months ago, they just sweep them up
[11:21] {ese} ya ....can see that........been very diciplined using mental stops myself
[11:22] {ese} just surprised at how big they are today...........am trying to figure out whether they are anticipating a huge market move one way or the other
[11:22] {patience} have alook at tza chart, 3 minute
[11:23] {patience} you'll see they are set just under 27.00
[11:23] {ese} ok
[11:23] {ese} hmmmmmmm     what the hey is with that
[11:25] {ese} love that handle.........swill........it's from a character in some move or cartoon but can't figure out what it is
[11:29] {RonS} out vit .24  +.22
[11:29] {Threei}  nice
[11:29] {RonS} goofy level 2 action w/ 25% float short
[11:29] {ese} well done Ron..........at least somebody is finding stuff today
[11:30] {Threei}  hey... I found plenty of stuff in the morning!
[11:31] {Threei}  like a blind squirrel on steroids
[11:33] {ese} rotflol
[11:34] {ese} not I...got ready to pull the trigger a couple of times but no go
[11:36] {ese} for instance URBN....was looking for the bounce.....it never came...constant slow excrutiating drift down..........drove me nuts
[11:36] {ese} althought now is not looking to bad.......but i have to leave soon
[11:38] {Threei} Short Setup: FCX  .80 break
[11:38] {Threei}  invalidated
[11:39] {Threei}  (EU) S&P: Downgrade risk is increasing as European sovereigns are put on Watch Negative- Sovereigns and banks continue to show the greatest downgrade risk. The entities in these two sectors are concentrated in Europe, with 25 European sovereigns and 42 European banks on our potential bond downgrades list.
[11:48] {Threei} Short Setup: FCX  .85 break
[11:48] {Threei}  if stays under .95
[12:14] {Threei}  Corzine on TV
[12:14] {Threei}  where is the money? - I don't know
[12:26] {Threei}  wil we ever get out of this pattern of market losing all activity after moprning moves?
[12:26] {Threei}  gets tiresome
[12:28] {RonS} dino's fault imo
[12:29] {Threei}  and ese
[12:29] {Threei}  with his shows, he leaves us with no volume
[12:29] {Threei}  and nemo's - just because he is always at fault
[12:30] {Threei}  one consolation though - we exploit mornig activity to the max, the percentage of winning trades is beyond realistic
[12:30] {Threei}  guys, from what I see, there isa good chance the course will be fully online tomorrow
[12:31] {Threei}  testing looks good, no glitches so far
[12:36] {Threei}  take a look at this, remember I was advicating for a while for China going for a very hard landing:
[12:36] {Threei}  http://globaleconomicanalysis.blogspot.com/2011/12/chinas-deserted-fake-disneyland.html
[12:37] {Threei}  growth based on taking money from one pocket and putting it into another, to keep people busy and prevent social unrest... can work only for so long
[12:39] {RonS} lulu stretching lower...
[12:39] {dino} sohu sm l .47 ave
[12:40] {Threei}  NTSB says it believes US should ban use of mobile phones and electronic devices in motor vehicles
[12:40] {RonS} ...in china they hang guys like this:  Corzine to Congress: "The last thing we should be doing here is trying to play the blame game..."
[12:40] {dino} whats next ban drinks/food
[12:41] {Threei}  I guess it's a bad wording dino
[12:41] {Threei}  they must mean ban on using phones etc while handholding them
[12:41] {Threei}  use bluetooth and headsets, no hand dialing
[12:41] {Threei}  I am all for it
[12:42] {Threei}  after couple close calls with glassy-eyed drivers chained to their ophones...
[12:43] {Threei}  lol, he really said that, ron?
[12:43] {RonS} dunno...quote from josh brown...
[12:44] {Threei}  RIMM new 52-week low
[12:44] {Threei}  this thing goes for broke
[12:44] {RonS} heard they had a europe outtage yesterday, canada today
[12:45] {RonS} also heard rimm - blackburied
[12:45] {RonS} =
[12:45] {Threei}  well, at this point nobody cares
[12:45] {Threei}  tw years ago, blackberry at each hand and in every pocket
[12:45] {Threei}  today, you take out blackberry, you look like you are from stone age
[12:46] {Threei}  iphone and android ate its lunch, then moved onto its breakfast, dinner, supper, and are finishing its sncks
[12:46] {RonS} glad about that here...still use brick phone...
[12:47] {Threei}  well, I make sure I don't take my phone out in public at all
[12:47] {Threei}  not many will eve recognize it as a phone these days
[12:55] {JK13} hello everyone my first day here but I know everyone for months
[12:56] {Threei}  hello JK, welcome aboard
[12:56] {dino} welcome
[12:56] {Threei}  just in time for our traditional lunch time coma
[12:57] {JK13} lol
[12:57] {Threei}  some argue that we never come out of it
[12:57] {RonS} welcome o' clairvoyant one...
[12:57] {Threei}  but I say they are envious
[12:59] {JK13} yes ron but I am here for wisdom,:)
[12:59] {RonS} wow...lol...the guy couldn't think of a better secret life?  http://tinyurl.com/bq4xb7l
[12:59] {Threei}  oh wisdom? that's nemo's department
[13:00] {Threei}  nemo wake up
[13:00] {JK13} rabbit wisdom?
06[13:00] * Threei slaps nemo around a bit with a request for 2 pounds of wisdom
[13:01] {RonS} rotflol...rabbit wisdom
[13:01] {Threei}  see ron? JK wasn't kidding about knowing us
[13:04] {Threei}  discretionary trade:
[13:04] {Threei} Long Setup:  RIMM  .60 break
[13:04] {Threei}  stop under .50
[13:04] {Threei}  discretionary because on one hand chart is right.. on another, RIMM is so damaged goods, I just don't feel easy about any long plays on it
[13:09] {dino} sprd sm l .oo
[13:29] {Threei}  (US) White House Spokesman: President Obama reiterates would veto the House GOP version of the payroll tax cut extension, due to Keystone Pipeline provisions
[13:29] {Threei}  (EU) ECB's Costa: Europe has no lender of last resort given its original construction
[13:30] {Threei}  btw, today is FOMC day
[13:30] {Threei}  pretty much nion-event these days
[13:31] {Threei}  what do you know, RIMM is up whole 6 cents
[13:32] {RonS} unreal supply overhead eh?
[13:32] {Threei}  oh yes
[13:32] {Threei}  yet chewing through it
[13:32] {Threei}  but considering how badly wounded it is, feel free to take scalp as you see fit
[13:33] {Threei}  discretionary is discretionary... I won't hold a grudge against anyone who jumps out before 1;1
[13:33] {Threei}  well, beyond the usual grudge I mean...
[13:34] {Threei}  dino, look dcc when you have a chance
[13:41] {Threei}  The deal signed last Friday is the beginning of the end of Europe as we know it. The shift is on from a family of nations, with checks and balances, to a German Europe where diktat triumphs over dialogue, and the interest of the strongest wipes the floor with the concerns of the weakest.
[13:41] {Threei}  amazing
[13:41] {Threei}  this is total taoist delight:
[13:41] {Threei}  union the underlying idea of which was to make sure Germany never dominates the Europe again, led to exactly this
[13:42] {nemo} Sieg Heil
[13:42] {Threei}  oh hi
[13:42] {Threei}  carrier of bunny wisdom woke up
[13:42] {Threei}  but yeah
[13:42] {nemo} no, the sound of the keys clicking doesn't hurt anymore
[13:42] {Threei}  lol
[13:43] {nemo} I thought about going out hunting this afternoon, but the thought of taking a shot with the loud noise and the recoil...nahhhhhh
[13:43] {nemo} nevermind I'd have to gut it and drag it god knows how far...
[13:45] {Threei}  and just think what could happen if it's armed as well
[13:45] {nemo} Actually, that would be easier...I'd just leave THAT carcass in the woods
[13:50] {Threei}  whatever you decided on taking profit, don't leave RIMM stop in original place, trail it to .55
[13:50] {Threei}  it's just not worth the full 10 cents risk
[14:02] {RonS} unleash that baby!!!
[14:02] {RonS} where is jr?
[14:03] {Threei}  what baby?
[14:03] {Threei}  what jr?
[14:03] {RonS} rimm
[14:03] {RonS} j?   what was the cheerleaders handle?
[14:04] {Threei}  oh, jf
[14:04] {RonS} ah
[14:07] {JK13} out of Rimm @ .70 thx
[14:08] {Threei}  wtg
[14:08] {Threei}  1:1
[14:08] {Threei}  well.. 1st trade with us, winning one
[14:08] {Threei}  good start
[14:09] {JK13} very important to start with the right foot
[14:12] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); Household spending continue to advance; leades Discount Rate Unchanged- Vote:9-1 (Fed's Evans dissents, supported additional accomodation)
[14:13] {Threei}  any dove would look like 3 hawks next to Evans
[14:23] {Threei}  Euro vs US Dollar Extending decline to session lows below $1.3050 following FOMC rate decision; Fresh 11-month lows
[14:23] {Threei}  told you... it was a Sienfield rally
[14:24] {Threei}  isn't it amazign how r/r ratio works?
[14:24] {Threei}  look where RIMM reversed?
[14:30] {RonS} wow...Belgian media: Number of people injured in Liege attack now stands at 123 - AP
[14:31] {Threei}  from one grenade??
[14:31] {patience} original count was 4
[14:35] {Threei}  Spot Gold Spot gold extending decline below $1,648/oz; Lowest level since late Oct
[14:36] {Threei}  as expected as the drop overall was, I see no indication on the chart that would help us with entry
[14:36] {Threei}  looking for one now though, to try and get in on panic action
[14:39] {dino} well the classic 100 pt drop in minutes
[14:40] {Threei}  world starts admitting slowly that nothing got resolved on Friday
[14:40] {Threei}  and EU is marching toward the cliff
[14:41] {RonS} gold off $24 from high today
[14:42] {dino} sprd gap filled wed
[14:42] {Threei}  TZA... dive to .40 - .50 and I', interested
[14:45] {nemo} careful, my charts, interesting place for TNA long
[14:46] {nemo} spy at MPP and IWM at daily, fib, and weekly confluence
[14:51] {dino} hitk sm l .93
[14:51] {Threei}  ok, waucthig intensely now
[14:53] {nemo} am I good or what....
[14:53] {Threei}  ok
[14:53] {Threei}  in
[14:53] {Threei}  .51
[14:53] {Threei}  half lot
[14:53] {Threei}  stop under .40
[14:53] {Threei}  may take a few tries, so keep it small, no more than half lot
[14:54] {Threei}  target .80
[14:54] {nemo} 124.10 is spy pivot 73.15 IWM pivot
[14:54] {Threei}  let's see if I am half as good as nemo
[14:55] {nemo} VWAP spy is about 124.70 and for IWM about 73.70
[14:55] {Threei}  1:1
[14:55] {Threei}  stop to .45
[14:57] {nemo} Inside day so far...they only happen 10% of the time
[14:57] {Threei}  half out .64
[15:02] {Threei}  stop to .49
[15:04] {Threei}  scalpers win
[15:04] {Threei}  what do you know, I AM half as good as nemo
[15:05] {nemo} hehehehehehehe...Multi Time Frame Pivot/Retracement Analysis Strikes Back!!!
[15:05] {nemo} Just call me Darth Nemo
[15:06] {Threei}  you gun-toting bunny-friending pivot pointer
[15:06] {nemo} My psychiatrist just called....
[15:06] {nemo} Says he gave me the wrong meds
[15:06] {Threei}  I was wondering if he gave you any
[15:07] {nemo} Yeah....gave me these things that looked (and tasted) like Peyote buttons
[15:07] {Threei}  although meds tend to influence people rather unpredictably when washed down with vodka
[15:07] {Threei}  JK... I have to make a correction to my earlier "welcome aboard"... right version: welcome to asylum
[15:08] {dino} i prefer, "welcome to the jungle"
[15:08] {nemo} well, I refrained on commenting regarding the nick  "_beaujo"
[15:08] {Threei}  well, jungle where nemo is roaming is asylum
[15:09] {nemo} Bunny might become Hasenpfeffer soon
[15:09] {Threei}  rofl
[15:09] {JK13} I like jungle no need for doctors
[15:09] {nemo} She's getting into the routine of climbing up into the boxspring at 3-4 in the morning and teething on the springs
[15:10] {Threei}  I knew a kitten back in russia, named Bonifaci Mao Dze Dunovich
[15:10] {nemo} sheesh
[15:11] {Threei}  TZA hit my target
[15:11] {Threei}  after rinsing second half
[15:11] {RonS} no idea what this means...In the spirit of Canada...$RIMM is uglier than Geddy Lee
[15:11] {Threei}  thought of double bottom but it looked so questionable at the moment
[15:11] {nemo} wow, nice analogy
[15:16] {nemo} spy DT'd at the Pivot
[15:16] {Threei}  hmm
[15:16] {Threei}  looks like breakdown to me
[15:17] {Threei}  don't feel double-bottomish at all
[15:17] {nemo} could be two way also, but 60/40 in your favor
[15:17] {Threei} Long Setup:  TZA  .90 break
[15:17] {Threei}  half lot of course
[15:18] {Threei}  stop under .80
[15:18] {Threei}  target - full blown panic
[15:18] {Threei}  1:1
[15:18] {nemo} 123.23 support on spy 72.38 on IWM
[15:18] {Threei}  half out .05
[15:18] {nemo} lotta buying on the bid coming in on IWM here
[15:19] {Threei}  not going to hold, IMO
[15:19] {nemo} same with SPY
[15:19] {nemo} just reporting
[15:19] {Threei}  momentum looks serious
[15:19] {Threei}  stop to .87
[15:19] {nemo} Got a tiny set of antlers...
[15:19] {nemo} If I can catch bunny gonna glue them on
[15:20] {Threei}  1:2
[15:20] {Threei}  I personally am not selling
[15:20] {Threei}  want to try for a good move
[15:20] {nemo} SPY low yesterday was 38.2% retracement of July'10 bottom with S1 at 123.23
[15:20] {Threei}  nice day, enough cushion... can risk some of additional profits
[15:20] {Threei}  to try and maximize the return
[15:21] {Threei}  one more leg down SPY, please
[15:21] {Threei}  1:3
[15:24] {Threei}  1:4 out
[15:24] {Threei}  pure unbridled beauty
[15:24] {Threei}  have you heard? greed is good
[15:26] {Threei}  wow
[15:26] {Threei}  what a nice panic
[15:28] {Threei}  should have gone for a full dollar
[15:29] {Threei}  bottom fisher nightmare kind of move
[15:31] {Threei}  one of those days when investors thing "why am I not a day trader: and day traders think "thank god I am not an investor"
[15:31] {nemo} no
[15:31] {nemo} a swing trader wondering why he's not a day trader
[15:32] {Threei}  yeah, the speed of chasnges rthese days is too much even for swing tading
[15:33] {Threei}  here is full dollar since entry
[15:35] {Threei}  US Dollar vs Canadian Dollar Rises above C$1.0320 - 2-week high
[15:35] {Threei}  thank you lord
[15:35] {Threei}  please continue this trend
[15:36] {Threei}  you think we knew all abut EU troubles? well, when it rains it pours:
[15:37] {Threei}  (EU) EU bankers increasingly concerned over how �250B in corporate debt to mature in the next couple years will be refinanced - FT
[15:37] {Threei}  - Report notes the bulk of CLOs (collateralized loan obligations) is going into "run-down mode".
[15:37] {Threei}  - CLOs said to have a finite span after which they cannot be refinanced. By the end of 2012, majority of CLOs will be "static."
[15:37] {Threei}  - According to S&P, by 2014 more than 98% of CLOs will reach that same point.
[15:37] {Threei}  - Report citing one banker stating: "The CLO problem is going to become acute in the next 12-18 months... There are billions of euros worth of leveraged loans coming due, and the crunch will be particularly acute for the smaller companies."
[15:37] {Threei}  OK
[15:37] {Threei}  bounce time
[15:37] {Threei}  want to try?
[15:37] {nemo} what is a CLO?
[15:37] {Threei}  FCX
[15:37] {Threei}  .60 break
[15:37] {Threei}  half lot
[15:37] {Threei}  collateralized loan obligations
[15:37] {nemo} oh, cdo
[15:42] {Threei}  out
[15:42] {Threei}  not exactly 1:1 yet
[15:42] {Threei}  but a bit too uncertain
[15:43] {Threei}  we had one scratch, the rest were wins
[15:43] {Threei}  don't want to spoil great day
[15:43] {Threei}  ahh, here comes 1:1
[15:44] {Threei}  welome to capitalism:
[15:44] {Threei}  China Vanke Co Ltd Recent home buyers have been protesting outside various offices because the company cut new home prices drastically to attract new buyers and recent buyers are angry that they have lost so much value overnight - Chinese press
[15:44] {Threei}  Election 2012: Generic Republican 47%, Obama 42%
[15:45] {Threei}  timed reversal well, didn't we
[15:46] {JK13} .10 for fcx, thx vad
[15:46] {Threei}  doing well on your first day JK
[15:48] {nemo} don't think he likes your sense of humor
[15:49] {Threei}  no one does
[15:49] {Threei}  so what
[15:50] {Threei}  I just tell myself I have none, so if someone doesn;t like what I don;t even have... shrug
[15:51] {Threei}  see? not funny
[15:56] {JK13} Vad do you use laser 6
[15:56] {Threei}  I am still on 5, lol
[15:57] {Threei}  luddite
[15:57] {Threei}  it takes brute force to make me update things
[15:58] {JK13} I started with 6 and has some glitches
[16:01] {nemo} bye.....
[16:02] {JK13} have a nice evening
[16:02] {Threei}  ty all
[16:02] {Threei}  have a nice evening
[16:02] {Threei}  see you tomorrow