Wanted to finish a year on a profitable note and did, however light trading was. Happy New Year everyone!
Session Time: Fri Dec 30 00:00:00 2011
[09:17] {Threei} (DE) Germany lawmaker Hans Michelbach said Greece's privatization plan is not enough - US financial press- Said the EU should assume responsibility for the privatizations. - Said Greece has to make sure that its partners do not lose patience for good, as European partners are still willing to show solidarity. - Michelbach is a member of Chancellor Merkel's center-right coalition.
[09:24] {rambler} morning
[09:24] {Threei} rambler :)
[09:24] {RonS} gm...early close today?
[09:25] {Threei} hmm
[09:25] {Threei} not that I know of
[09:25] {Threei} but I've got a good one for the open:
[09:25] {Threei} the only real truth in finance comes from a subpoena
[09:26] {Threei} and
[09:26] {Threei} if anyone ever asks you to join a currency union where you�re required to use a currency you can�t issue, politely say no and get the f*ck out of there.
[09:27] {rambler} amen....
[09:28] {Threei} I still an hardly believe my eyes when read this:
[09:28] {Threei} (DE) Germany lawmaker Hans Michelbach said Greece's privatization plan is not enough - US financial press
[09:28] {Threei} - Said the EU should assume responsibility for the privatizations.
[09:29] {Threei} IMF Q3 currency reserve report: euro global reserves share fell to 25.7%, dollar global reserve share rose to 61.7%
[09:30] {Threei} German coalition govt member suggests there should be a non-voluntary mechanism for removing a nation from the EMU - German press
[09:30] {Threei} Short Setup: FCX .65 brek half lot
[09:30] {Threei} if stays under .75
[09:31] {Threei} recalibrate.75 break
[09:32] {Threei} too fast
[09:32] {Threei} got away eh
[09:32] {cipher} sure did
[09:32] {Threei} ,65 break again
[09:33] {Threei} valid trigger
[09:33] {Threei} same .75 stop/invalidation
[09:33] {Threei} Short Setup: GLD .90 break smaller shares
[09:34] {Threei} stop above .05
[09:34] {Threei} FCX not clear, waiting
[09:35] {Threei} no go GLD
[09:36] {Threei} Short Setup: FCX .90 break
[09:36] {Threei} if stays under 37
[09:38] {Threei} let's trail to .96
[09:38] {Threei} want to keep it tight
[09:40] {Threei} Short Setup: SLW .15 break
[09:44] {Threei} 1:1
[09:45] {Threei} SLW is .25 stop still but trail to .21 if loses .10
[09:46] {cipher} ibm l .82
[09:47] {Threei} stop to .21 SLW
[09:48] {ese} mornin
[09:48] {Threei} ese :)
[09:49] {ese} vad
[09:49] {Threei} Long Setup: FCX 37 break
[09:49] {ese} in
[09:50] {ese} .00
[09:50] {thomcbell} vad was that a stop and reverse on fcx?
[09:50] {Threei} stop?
[09:50] {Threei} it hit 1:1
[09:50] {cipher} out ibm 00 +.18
[09:51] {Threei} etiegre you take scalp there or, half and trail to b/e
[09:51] {thomcbell} ok gotcha
[09:51] {Threei} in any case you wouldn't be in it short long ago
[09:54] {Threei} let's do unusual thing here: stop to .04
[09:54] {Threei} if big bid at .05 is taken out I want to be out
[09:55] {Threei} unusual marjket calls for unusual approach
[09:56] {Threei} out
[09:56] {cipher} out
[09:56] {cipher} got 05 thx
[09:56] {Threei} let it struggle without us
[10:00] {ese} 1/2 out here .11 +.11 fcx
[10:00] {ese} tks vad
[10:00] {Threei} yw
[10:00] {ese} helps a groggy brain get on track
[10:00] {Threei} nemo would suggest a shot of vodka for that but that's nemo
[10:01] {cipher} l ibm .12
[10:01] {Threei} stop under 106?
[10:02] {ese} nnah...this groggy is just from being tired.....unlike yesterday.....although come to think of it......yesterday the vodka may have worked
[10:02] {Threei} target seems to be about .35 - .40 on this entry, with partials around .25
[10:03] {ese} fcx stop to .10
[10:03] {cipher} ibm 1/2 out .25 +.13
[10:03] {Threei} Long Setup: MCD .40 break
[10:03] {ese} good one ciber
[10:04] {cipher} ty
[10:06] {ese} fcx stopped .10 +.10 on balance
[10:06] {cipher} out rest ibm .20 +.08
[10:06] {Threei} SPY suddent dive
[10:07] {Threei} no news
[10:10] {Threei} MCD is holding like champ
[10:10] {Threei} but let's trail to .34
[10:10] {Threei} market weakens more
[10:11] {Threei} target's 1:2
[10:12] {Threei} 1:1
06[10:13] * Threei kicks MCD in its oversized butt
[10:20] {Threei} Long Setup: TZA .15 break if stays above .05
[10:25] {Threei} MCD as a salmon? who would have thought
[10:25] {Threei} yet here it is, flapping its fin right in our face
[10:33] {Threei} GM recalls 4,873 Chevrolet Sonic subcompact cars in US and Canada for possible missing front brake pads
[10:33] {Threei} seriously?
[10:35] {pragmatic} sounds like a joke
[10:35] {Threei} yeah - GM is a joke
[10:36] {ese} thats really funny
[10:36] {ese} cause it could be true
[10:36] {Threei} it is
[10:36] {Threei} it's actual news
[10:37] {ese} missing brake pads!!!!!!!!!!!........holy flippin doodle
[10:38] {Threei} the day we see a headline that GM supplied cars without steering wheel will be the day I'll say: NOW I've seen it all
[10:38] {cipher} c'mon cut them a little slack... they still had rear ones :-)
[10:39] {Threei} ever the optimist, eh? :)
[10:39] {Threei} glass half full, lol
[10:39] {cipher} that's what happens when the gov't takes over a public company
[10:39] {Threei} MCD 1:2 is close enohgh
[10:40] {Threei} I am out
[10:43] {cipher} is TZA invalidated?
[10:44] {Threei} it is but may reestablish itself
[10:44] {Threei} watching
[10:44] {Threei} these sudden jerky moves with no news...
[10:54] {Threei} can you believe MCD?
[10:55] {cipher} wow
[11:05] {Threei} Short Setup: RIMM .35 break
[11:06] {Threei} (EU) Germany Chancellor Merkel: 2012 likely to be more difficult than 2011; Europe is facing its toughest test in decades, Germany will do whatever it can to strengthen the euro- The euro can only succeed if there is greater cooperation in Europe.
[11:08] {pragmatic} hmm, I though they wanted to go back to their own currency
[11:09] {Threei} who?
[11:09] {pragmatic} Germany
[11:09] {Threei} germany? no, not really
[11:10] {Threei} countires that are heavy in debt want their currency since it gives them control over printing
[11:11] {Threei} Germany is the one that loaned a lot of money, they want to keep control over the currency in which debt is denominated
[11:12] {pragmatic} that makes sense
[11:21] {ese} what time does the mrkt close today?
[11:22] {Threei} as usual
[11:22] {Threei} unless we decide otherwise
[11:23] {ese} lol
[11:23] {Threei} monday is day off
[11:28] {Threei} well RIMM
[11:29] {Threei} will you or will you now
[11:29] {Threei} not
06[11:48] * Threei puts a blinfold on RIMM's eyes, walks it to the edge and pushes down
[11:48] {rambler} stubborn....
[11:48] {Threei} you mean RIMM? or me? :)
[11:49] {rambler} maybe both...
[11:49] {Threei} lol
[11:49] {Threei} let's see who outstubborns whom
[11:52] {rambler} SLW at 29 even...
[12:02] {cipher} rimm news?
[12:02] {Threei} no
[12:02] {RonS} there was some shocking news...
[12:02] {Threei} - NYSE volume 160M shares, about 52% below its three-month average; advancers lead decliners by 1.5:1. - NASDAQ volume 355M shares, about 53% below its three-month average; advancers lead decliners by 1.1:1.
[12:03] {RonS} report saying they are losing market share...
[12:04] {Threei} lol
[12:38] {rambler} got to run...cya tuesday....
[12:38] {Threei} Happy New Year rambler
[13:15] {Threei} is market open?
[13:19] {pragmatic} what do you mean ?
[13:19] {pragmatic} L2 is refreshing, quotes are updating
[13:19] {Threei} never mind...
[13:19] {RonS} lol
[13:20] {RonS} now we know why pragmatic...
06[13:20] * pragmatic :)
[13:21] {Threei} posted series of the photos, "most... of 2011"
[13:21] {Threei} http://www.facebook.com/vadym.graifer
[13:21] {pragmatic} that is why stock is not moving....
[13:27] {cipher} Vad do I need to be your friend to see the pics?
[13:30] {RonS} no, just his buddy....
[13:31] {Threei} hmmm
[13:31] {Threei} they should be public
[13:32] {Threei} anyway, I will post expanded version on my photoblog
[13:32] {pragmatic} GLD dropped
[13:33] {cipher} I don'd mind being his buddy... it's just I don't do facebook
[13:34] {Threei} lucky you
[13:34] {Threei} I wad dragged in kicking and screaming
[13:40] {cipher} trust me, I've been resisting despite tremendous pressure from all my friends and acquaintances...
[13:46] {Threei} only business requirements made me do it
[13:46] {Threei} ok
[13:46] {Threei} http://photography.realitytrader.com/2011/12/most-of-2011.html
[13:48] {ese} i'm not away L zagg .16
[13:53] {cipher} very nice pics...
[13:53] {cipher} where was the polar bear taken?
[13:53] {Threei} in the zoo :)
[13:54] {cipher} lol
[13:58] {Threei} as far as I am concerned, facebook is not too bad
[13:58] {Threei} you can do it on your own terms
[13:59] {Threei} twitter is worst offender of sanity I could possibly think of
[13:59] {Threei} I hate the darn thing passionately
[13:59] {cipher} I may cave in under an alias :-)
[13:59] {Threei} if you feel the need...
[14:00] {Threei} twitter is embodiment of superficial fleeting skin-deep thinking
[14:01] {Threei} everything is valuable as long as it's "right now," brief, not tltr
[14:01] {Threei} my most hated acronym of socil media age: TLTR
[14:01] {Threei} too long to read
[14:03] {Threei} people feel as though they exist only when they say something
[14:03] {Threei} so they say somwthing
[14:03] {Threei} but OK... I showed my grumpy face enough for you to know that photo came from :)
[14:04] {Threei} I did very severe cull of twitters to get rid of endless stream of posts like:
[14:05] {Threei} "ummm... pastries in such-and-such shopp!"
[14:05] {Threei} "Diane made soup. MMMM!!"
[14:06] {Threei} "Having tea in xxx with yyy"
[14:06] {Threei} who the f*&$% cares???
[14:08] {Threei} gave you a pause cipher? :)
[14:08] {cipher} no, I'm with you brother :-)
[14:08] {Threei} as my kids used to say, kewl
[14:09] {cipher} same here, 2 teenagers in the house
[14:09] {Threei} mine are over teen age already, thank goodness
[14:10] {cipher} at least for now till i don't kick them out, lol
[14:10] {Threei} and what I am really proud of - neither is doing facebook or twitter
[14:10] {Threei} I did something right about them :)
[14:10] {cipher} wow, how did you manage that?
[14:11] {Threei} don't know
[14:18] {Threei} if market continues down, we astill may get our RIMM trigger
[14:18] {Threei} then there is FCX with .90 short trigger
[14:20] {Threei} 1:1
[14:36] {thomcbell} wow ibm
[14:38] {ese} out zagg .33 +.17
[14:38] {ese} have a great weekend all and happy news to your all
[14:39] {ese} you all
[14:39] {Threei} take cre ese, happy new year
[14:39] {Threei} see you tuesday
[14:39] {ese} you to vad .....cya next week
[14:48] {Threei} ok guys, let's leave this year in the past... hard to handle all his excitement
[14:48] {Threei} I am pretty sure I don't want any more trades
[14:49] {Threei} have a great relaxing lond weekend, see you in a new year
[14:49] {RonS} good weekend to all...
