Mon Feb 28 2011

Started day with a few stops, and even though several nice trades came along later in the day they were not enough to fix the morning. Ended slightly negative. RIMM short and X long were notably good ones.

Session Time: Mon Feb 28 00:00:00 2011
[08:16] {strider} MRX
[08:31] {Threei}  (US) JAN PERSONAL INCOME: 1.0% V 0.4%E; PERSONAL SPENDING: 0.2% V 0.4%E
[08:31] {Threei}  *(US) JAN PCE CORE M/M: 0.1% V 0.1%E; Y/Y: 0.8% V 0.8%E; PCE DEFLATOR Y/Y: 1.2% V 1.3%E
[08:34] {Threei}  (US) Fed's Dudley: QE2 has aided the US economy, has not generated financial imbalances; US economic outlook has "improved considerably"
[08:34] {Threei}  - Fed is still far from its inflation and job growth goals.
[08:34] {Threei}  - Core inflation is stabilizing and inflation expectations are restrained.
[08:34] {Threei}  - There is still plenty of slack in the economy, which will blunt inflation.
[08:34] {Threei}  - Fed is watching for signs of commodity prices being passed through to consumers.
[08:34] {Threei}  - Feels it is unwise for the Fed to overreact to surging commodity prices.
[08:34] {Threei}  - Expects to see considerable slack in job market through 2012.
[08:38] {strider} not getting Friday data on NYSE stocks
[08:38] {strider} Laser
[08:39] {strider} ge
[08:39] {strider} for instance
[08:39] {Threei}  yeah
[08:46] {strider} GNDT working on it.
[08:47] {RonS} gm everyone...Spring in the Rockies, 60 today plus the mating pair of Cooper's hawks return for their 5th breeding season
[08:48] {Threei}  ron :)
[08:49] {strider} supposed to hit 80 here today at the foot of the Appalachians
[08:49] {strider} 63 now
[08:59] {Threei}  relatively quiet news morning
[09:00] {Threei}  folks are slow to wake up, too
[09:00] {strider} is that a new rule?
[09:01] {Threei}  dunno, I l,ive by my old one: it's not necessary to be awake to trade profitably
[09:02] {strider} that's what I thought
[09:02] {Threei}  some news are rather bizarre:
[09:02] {Threei}  (SP) Spain Dec Total Housing Permits M/M: -0.4% v 23.0 % prior
[09:04] {dino} gm all
[09:04] {Threei}  dino :)
[09:05] {Threei}  Sen Lieberman: We should arm the Libya opposition
[09:05] {Threei}  oh god
[09:05] {Threei}  these imbeciles never learn, do they
[09:07] {strider} I'm sure the CIA has all that under control
[09:07] {Threei}  it worked so well with Afghani, right?
[09:08] {strider} ah, another new rule.
[09:08] {strider} things have to work.
[09:08] {Threei}  not by Fed
[09:08] {strider} greg......howdy
[09:08] {Threei}  QE never worked, so they launched QE2
[09:08] {Threei}  which never worked so they discuss QE3
[09:08] {Threei}  see?
[09:09] {gregns} good morning all
[09:09] {Threei}  gern, welcome back
[09:09] {Threei}  greg :)
[09:11] {strider} MRX interesting.   Multiple upgrades
[09:11] {Threei}  I seriously hope USD holds this support and bounces back up
[09:11] {Threei}  if it breaks down, all hell breaks lose
[09:11] {Threei}  loose
[09:11] {Threei}  whatever
[09:13] {larisa} gm :)
[09:13] {Threei}  meanwhile, idiots continue rearranging chairs on the Titanic deck:
[09:13] {Threei}  (US) FDIC head Bair: Larger financial institutions may need to make structural alterations to comply with the Dodd-Frank rule- Large firms, especially those with int'l presence may need to establish new subsidiaries.
[09:13] {Threei}  so they will... so what?
[09:13] {Threei}  larisa :)
[09:14] {_iamspartacus} Threei calling for USD to hold support, thanks
[09:14] {Threei}  ummm
[09:15] {Threei}  I am not calling that it will
[09:15] {rambler} goodmorning...
[09:15] {Threei}  I am saying that it's better
[09:15] {Threei}  rambler :)
[09:17] {ScottM} morning
[09:17] {_iamspartacus} yes, because im short Euro/usd
[09:17] {_iamspartacus} i hope it does too
[09:17] {Threei}  scott :)
[09:18] {Threei}  well, if these cretines continue their current policies, there is not much hope for USD
[09:18] {Threei}  but they just can't get it thgrough their thick skulls that killing USD is not the cure for all ills
[09:19] {_iamspartacus} no, they think killing usd is a cure for short term ills, by which time they will have enough strength to take on the long term ills
[09:20] {_iamspartacus} but its a big gamble
[09:20] {_iamspartacus} exactly
[09:21] {Threei}  commodities going through the roof will show the losing side to that gamble rather quickly
[09:21] {ese} gm
[09:21] {Threei}  ese :)
[09:21] {_iamspartacus} yes
[09:21] {dino} in the end it doesn't matter, they will do what they do, we must react
[09:22] {_iamspartacus} yes
[09:22] {_iamspartacus} thats right
[09:24] {Threei}  LVS is locked in .30 - .40 for now
[09:25] {Threei}  watching if it gives us our first opening play
[09:25] {ese} yup agreed dino.......i'll react by drinking heavily and shaking my head...seems appropriate
[09:26] {Threei}  I'll join you on both counts
[09:26] {Threei}  you supply booze, I supply head-shaking
[09:27] {Threei}  LVS, no setup for now
[09:27] {Threei}  on watch though
[09:27] {ScottM} Any thoughts on AIG Vad... only red blotch on my screen right now.
[09:28] {Threei}  short candidate
[09:28] {Threei}  let's watch for a setup
[09:28] {dino} same es
[09:28] {Threei}  we spoke of 40 breakdown as short trigger last week
[09:28] {Threei}  don't remember if we played it
[09:29] {ScottM} Looks bad under 38.00
[09:29] {Threei}  let's let it exhaust firts opening volatility
[09:29] {Threei}  then will see if it forms right setup
[09:29] {ScottM} k
[09:29] {strider} server 3 or 4 hould get friday data, nyse
[09:30] {strider} should
[09:30] {Threei}  yes strider, thanks
[09:31] {strider} mrx climbing
[09:31] {Threei} Short Setup: LVS  .40 break half lot
[09:32] {Threei}  invalidated
[09:32] {Threei}  spread is a bit too wide
[09:32] {Threei} Short Setup: LVS  .50 break half lot
[09:32] {Threei}  if not going over .65
[09:32] {Threei}  invalidated again
[09:34] {Threei} Short Setup: SLW  .20 break
[09:34] {Threei}  half lot
[09:34] {Threei}  if stays below .30
[09:34] {Threei}  invalidated
[09:35] {Threei}  AIG,
[09:36] {Threei}  this bounce should provide short entry
[09:36] {Threei} Short Setup: AIG  .20 break
[09:36] {Threei}  half lot again
[09:36] {Threei}  if goes over .30, 10 cents ranges for short trigger
[09:38] {Threei}  that was not really executable
[09:38] {Threei}  unless you just shorted .30 on blind faith
[09:39] {RonS} chi pmi in 3 min
[09:39] {Threei}  (LB) Libya Oil Official: urges oil companies to return staff to Libya, insists works will be kept safe
[09:39] {jfjf64} mornin
[09:39] {Threei}  jf :)
[09:42] {gregns} .
[09:43] {RonS} chi fute response tepidly pos
[09:43] {Threei}  yeah
[09:43] {Threei}  AIG
[09:43] {Threei}  same setup
[09:43] {Threei}  .20 break
[09:44] {strider} .04 spread
[09:44] {Threei}  half lot
[09:44] {dino} drq
[09:44] {Threei}  volatility is a killer this morning
[09:45] {Threei}  (US) FEB CHICAGO PURCHASING MANAGERS INDEX: 71.2 V 67.5E
[09:45] {RonS} Dril-Quip 4Q Profit Falls 28% On Flat Sales; EPS View Downbeat       02/28 06:03 AM
[09:45] {jfjf64} rimm
[09:45] {jfjf64} pull bk
[09:45] {Threei}  invalidated
[09:45] {Threei}  word of the day so far
[09:46] {jfjf64} .50 break
[09:46] {jfjf64} nope
[09:52] {Threei} Short Setup: LVS  .75
[09:52] {Threei}  stop above .85 for scalpers
[09:52] {Threei}  .90 day traders
[09:53] {Threei}  target is about .40 - .45
[09:53] {Threei}  partial around .60
[09:55] {jfjf64} holding
[09:56] {Threei}  so far so good, doesn't try to retest highs while market does
[09:58] {Threei}  still, needs market reversal to help
[09:58] {strider} LVS not in my short list....jeez
[10:00] {Threei}  FEB NAPM-MILWAUKEE:63 V 59.9E
[10:00] {Threei}  (US) JAN PENDING HOME SALES M/M: -2.8% V -2.3%E; Y/Y: -4.4% V -3.6% PRIOR
[10:02] {strider} stopp  slw short .39-.51
[10:02] {strider} stopped
[10:02] {dino} ctrp sm l .50
[10:04] {Threei}  matket breaks to new highs
[10:05] {Threei}  no go KVS
[10:05] {Threei}  LVS
[10:08] {strider} long mos .41
[10:08] {RonS} Fed's Bullard sees no risk from high oil
[10:09] {strider} stopped
[10:09] {Threei}  (US) White House: Progress has been made in efforts to prevent a govt shutdown, number one goal is to avoid any actions that might hurt the US economy
[10:10] {dino} ctrp stop is .22 brb
[10:11] {jfjf64} slw
[10:11] {jfjf64} d/top
[10:12] {Threei}  LVS rinse
[10:14] {strider} wide spreads this morning
[10:16] {dino} ctrp stoppeed
[10:17] {Threei} Short Setup: X  58 break
[10:17] {Threei}  if stays under .10
[10:18] {Threei}  1:1
[10:18] {Threei}  crap, look at LVS
[10:20] {dino} ctrp rinsed
[10:20] {Threei}  I am not in tune so far this morning
[10:20] {Threei}  invalidations and rinses
[10:20] {ese} in .00 X
[10:20] {ese}  L
[10:21] {dino} rp sm l .00
[10:22] {rambler} Vad, does 1:1 mean "out"?
[10:22] {Threei}  depends on kind of trading you do: for scalpers it's out in full, for day traders - partial out and stop trailing to b/e
[10:25] {Threei}  who unplugged SLW?
[10:26] {strider} in-out CEG short .91-.79
[10:26] {strider} +.12
[10:26] {ese} X stopped .81 -.19
[10:31] {Threei}  (LB) White House: Considering imposing a no-fly zone over Libya; notes that exile is a possibility for Gaddafi
[10:31] {Threei}  - Follow Up: Gaddafi son on state TV now denying ownership of any foreign bank accounts
[10:31] {Threei}  - Reports that the Foreign Intelligence chief will be speaking with the opposition leadership shortly
[10:31] {strider} well he doesn't own them anymoe.
[10:31] {strider} anymore
[10:31] {ese} i like anymoe.......thats a good word
[10:32] {strider} no specific moe
[10:33] {Threei}  *(US) FEB DALLAS FED MANUFACTURING ACTIVITY: 17.5 V 12.6E
[10:35] {Threei}  Madoff: regulatory reform is a joke, and the whole government is a Ponzi scheme
[10:35] {Threei}  huh... can't help but agree with him
[10:35] {strider} sh hes .55
[10:36] {jfjf64} ditto
[10:36] {Threei} Long Setup:  AIG  .50 break
[10:37] {Threei}  if stays above .40 for scalpers, .35 day traders
[10:37] {Threei}  .50 break while valid by itself, is in my eyes rather an aggressive entry for C&H break .60
[10:37] {strider} stopped hes
[10:41] {dino} ctrp gap fill
[10:42] {ese} in aig .52
[10:45] {ese} L
[10:45] {strider} long nov .61
[10:48] {strider} stop nov...geee
[10:50] {dino} mrx sm s .02
[10:52] {ese} i've been following noc st and when i saw your L call nov it through me for a loop   thought it was different stock they were both at .60  
[10:53] {Threei}  (US) President Obama set to announce plans to allow individual states to opt out of certain provisions of the health care law - NY times
[10:54] {strider} l slw .77
[10:56] {dino} cov mrx -.19
[10:57] {rambler} AIG still valid Vad?
[10:57] {Threei}  yes
[10:57] {dino} ctrp sm l .07
[10:57] {ese} i'm still in
[10:58] {Threei}  if it doesn't work, I cut my wrists with banana
[10:58] {Threei}  and eat larisa's keyboard
[10:59] {rambler} in at .49
[11:00] {ese} just noticed this.....aig was almost at a $1000 bucks a share at one time?   hmmmm talk about falling off your high perch
[11:00] {Threei}  my plan is to partial around .65 - .70
[11:01] {ese} thats beats my .52 st
[11:01] {Threei}  it went through reverse stock split, ese
[11:02] {Threei}  1:20
[11:02] {ese} 1 to 20 ....thats a little big isn't it
[11:02] {strider} offering .97 slw
[11:03] {dino} rp to .41 thing is gappy
[11:04] {strider} out +.10
[11:07] {dino} to .52
[11:07] {strider} sh fcx .93
[11:08] {dino} rovi sm l .50
[11:10] {Threei}  seafood fans: (CH) China trade Min sends shrimp antidumping dispute with US to the WTO for a resolution
[11:11] {dino} out rp .56, +.56
[11:11] {ese} escaped twice being stopped out of aig at .34
[11:12] {Threei}  held .35 both times
[11:12] {Threei}  but sheesh, is it tooth-pulling today or what
[11:13] {ese} my stop should actually be .32 just below low at 10:30 am
[11:13] {ese} yup
[11:14] {Threei}  ok, banana
[11:14] {Threei}  wrist cutting
[11:14] {ese} stopped
[11:14] {rambler} stopped
[11:14] {ese} .34
[11:14] {strider} ddon't do it, vad.
[11:14] {strider} not worth it.
[11:14] {strider} The banana, I mean.
[11:14] {Threei}  but I have no single avocado in the house
[11:15] {rambler} back to the books for me...
[11:17] {ese} that was -.18 by the way
[11:17] {dino} rovi out .81 +.31
[11:20] {strider} out FCX +.16
[11:21] {strider} .93-.77
[11:21] {strider} probably go to lod
[11:22] {jfjf64} bobo
[11:23] {dino} all red
[11:25] {Threei} Short Setup: X  .80 break
[11:25] {strider} in at .83
[11:26] {Threei}  if stays under .90
[11:27] {Threei}  target is around .40
[11:28] {Threei}  with two partials along the way
[11:28] {Threei}  SPY losing 133 should help
[11:29] {Threei}  X, are you blind?
[11:30] {strider} my stop .95
[11:30] {Threei}  what the deuce
[11:30] {Threei}  another short candidate was RIMM at .40
[11:31] {Threei}  but that one I skipped
[11:31] {strider} out .95
[11:31] {Threei}  I officially nominate today the worst day of 2011
[11:31] {rambler} out.....96
[11:32] {Threei}  5 invalidations, 1 scalp, 3 stops
[11:32] {Threei}  let me try and spell "not in tune"
[11:32] {nemo} S
[11:32] {nemo} U
[11:32] {nemo} C
[11:32] {nemo} K
[11:32] {Threei}  ah, here he is
[11:32] {jfjf64} = 9 shots
06[11:32] * Threei slaps nemo around a bit with a alarm clock
[11:33] {Threei}  now we know it's all nemo's fault
[11:34] {rambler} is this where we start revenge trading...?
[11:35] {ScottM} AIG finally broke 38.00... missed it
[11:35] {strider} sh X .96
[11:35] {nemo} no rambler...pick up a bottle instead
[11:35] {_iamspartacus} need to get back in the zone
[11:36] {rambler} now your talking.....
[11:36] {nemo} Hey Spartacus...you didn't look so good on the Oscar's last night
[11:37] {_iamspartacus} thanks
[11:37] {_iamspartacus} i try my best
[11:38] {Threei}  RIMM
[11:38] {Threei}  short into bounce
[11:39] {Threei}  .20 break if stays under .30
[11:39] {nemo} pivot .18
[11:39] {Threei}  10 cents ranges if goes above .30
[11:40] {ScottM} short RIMM .24, stop .31
[11:43] {Threei}  58% Favor Government Shutdown Until Spending Cuts Are Agreed Upon
[11:43] {strider} me too
[11:43] {Threei}  89% Think Arab Unrest Likely To Cause A Jump in Gas Prices
[11:43] {Threei}  duh
[11:43] {nemo} I thought it was aliens
[11:44] {Threei}  those same 89% believe in sunrise in the east
[11:44] {Threei}  now, remaining 11% is what we need to be concerned about
[11:44] {Threei}  we have not enough room in asylums for them
[11:45] {RonS} 11% work for govt and get their gas for free
[11:45] {Threei}  too few... 28% must be working for government, it's steady number of those who believe USA is moving in the right direction
[11:46] {rambler} in RIMM 66.18
[11:46] {strider} stop x +.02
[11:47] {ScottM} looks like rimm needs help from mr. market.
06[11:53] * Threei hits RIMM over the head with 2x4
[11:55] {ScottM} hit harder
06[11:55] * Threei pokes RIMM in the ribcage with sharp stick
[11:56] {ScottM} tie lead weight to RIMM when not looking
[11:56] {Threei}  over the neck... while pouring cement at its feet
[11:58] {ScottM} yes, the cement shoes work every time
06[11:59] * Threei drags RIMM to the edge and pushes it over
[11:59] {ScottM} while laughing the most evil laugh
[12:01] {Threei}  I don't remember expending that much force with that little result
[12:02] {ScottM} well, it is lunchtime
[12:02] {patience} bought double lot slw at open, would be obliged if you could cause momo upward in it Vad, second bottle of scotch in it for you   :)
[12:02] {patience} no pressure
[12:03] {Threei}  it's time RIMM... close your eyes, open your mouth and let that water in...
[12:04] {ScottM} lol
[12:04] {Threei}  bidding half .08
[12:04] {strider} .08 here
[12:04] {strider} .09  I mean
[12:05] {ScottM} out
[12:05] {Threei}  oh god... look who opened his mouth:
[12:05] {Threei}  T. Boone Pickens: Believes oil could go to $150/bbl on Middle East unrest
[12:05] {Threei}  this guy would better shut up with oil price firecasts, after that disaster on the way down
[12:06] {Threei}  120 is the bottom... 110 is the bottom... will never lose 100... will be back over 100 in not ime...
[12:07] {Threei}  (IA) Iran's Govt has arrested Mousavi and Karoubi, the previous leaders of the opposition - financial press
[12:07] {Threei}  - Reminder: Reports in recent weeks had the Govt officials stationed outside the leaders residences, and other reports noted that the leaders were missing at one point
[12:09] {strider} think I'll just go get another root canal.
[12:11] {strider} out .17
[12:11] {strider} +.05
[12:11] {strider} starting to look like a bull flag to me.
[12:13] {dino} rovi sm l .50
[12:14] {rambler} out  +.03
[12:21] {Threei}  half out
[12:21] {Threei}  you guys have no faith
[12:21] {Threei}  stop to b/e
[12:22] {strider} sure we did...all  morning:)
[12:22] {Threei}  real faith is not time-limited
[12:22] {strider} ok...have no faith.
[12:22] {Threei}  real faith survives the test of defeat
[12:22] {Threei}  and leads you to victory
[12:23] {Threei}  or as Stewie said, Victory will be mine
[12:23] {Threei}  bidding 1/4 more 65.98
06[12:25] * Threei pokes RIMM in the ribcage with electorcharged sharp stick
[12:32] {Threei}  anyone's from Arkansas?
[12:33] {nemo} earthquake
[12:33] {Threei}  4.7
[12:34] {RonS} hey, who's kickin the outhouse?
[12:34] {Threei}  US ambassador: China illegally harasses hournalists
[12:34] {Threei}  can you harass them legally?
[12:35] {RonS} but they leave alone the minutealists
[12:36] {Threei}  oh boy
[12:36] {Threei}  lol
[12:36] {Threei}  poor news stuff mistyped, no slack at all
[12:36] {Threei}  what else didn't I try...
06[12:36] * Threei sends RIMM an envelope with black mark inside
[12:38] {Threei}  hey that works... I guess it's true what they say: threat of violence is more effective than violence itself
[12:41] {dino} dgit sm l .00
[12:42] {Threei}  1/4 more out RIMM
[12:42] {Threei}  stop to .11
[12:47] {Threei}  stop to 66.01
[12:48] {Threei}  .95
[12:48] {Threei}  .91
[12:48] {Threei}  bidding .78
[12:49] {Threei}  stop to .86
[12:51] {rambler} clean snow off car and RIMM tanks....go figure...
[12:51] {Threei}  out
[12:51] {Threei}  .78
[12:51] {Threei}  +.41
[12:52] {dino} gj
[12:52] {Threei}  ty
[12:52] {Threei}  not fully fixed day, mind you, but much much better
[12:52] {ScottM} your patience really paid off.... nice!
[12:52] {rambler} fix some more...
[12:54] {rambler} spy tanking...
[12:56] {_iamspartacus} its off a few points
[13:04] {kschun} hello guys, hope you all had a great weekend!?
[13:04] {Threei}  hey kschun
[13:05] {ese} ..
[13:10] {kschun} VIV  short opportunity?
[13:10] {kschun} vad?
[13:10] {Threei}  locked in 5-7 cents range for hours
[13:11] {kschun} yeah know, but seems that .30 is a seller
[13:11] {kschun} normally range is much bigger.
[13:12] {kschun} but probably you are right and stock just will not move...
[13:12] {kschun} thanks for your op!
[13:13] {Threei} Short Setup: X  .70 breal
[13:14] {Threei}  just a scalp most likely
[13:14] {Threei}  keep stop .76 and try to cover closer to .60
[13:15] {Threei}  there you go, feel free to cover as you see fit
[13:18] {kschun} trying VIV AT .30
[13:20] {Threei}  wow, X had more in it
[13:20] {Threei}  didn't think so
[13:20] {Threei}  but becomes a double bottom candidate now
[13:21] {Threei} Long Setup:  X  .45 break if holding .40
[13:22] {Threei}  invalidated
[13:23] {kschun} VIV scaled out half... not a good trade. should have listened to my thinkings and vad.
[13:23] {kschun} but position size and risk management at least was o.k.
[13:24] {kschun} sector would be o.k., but daily chart not at all a short
[13:24] {Threei}  you are squeezing juice out of stone
[13:24] {Threei}  thing does nothing
[13:24] {kschun} right - agree
[13:24] {nemo} db on spy
[13:25] {kschun} just was not able to not take the trade
[13:25] {kschun} at least I took it with small size
[13:25] {kschun} but no excuse
[13:26] {kschun} BMC heavily coming down from its highs
[13:27] {kschun} ah boy... BEXP was on my list today, did not check the alert becuase I was in the "NO-MOVING-VIV-TRADE" ...
[13:27] {kschun} but easy, there are still plenty of opportunity out there
[13:32] {Threei}  this I don't unerstabnd
[13:32] {Threei}  "was not able to not take the trade"
[13:32] {Threei}  it's easy... look at me - sitting not taking that trade
[13:33] {kschun} doesnt understand it either
[13:33] {kschun} my "monday-first-trade-illness"...
[13:33] {kschun} but you are right, nothing more to add
[13:35] {kschun} out rest VIV .36
[13:39] {kschun} HK vad?
[13:39] {kschun} any read
[13:40] {kschun} probably gona become a more active chatter and a less active trader :-)
[13:40] {kschun} makes more sense
[13:41] {Threei}  why do you pick stocks with no range?
[13:41] {Threei}  10-15 cents, for a few hours
[13:41] {Threei}  what do you expect from it?
[13:45] {kschun} o.k. - will try to find some better ex.
[13:46] {Threei}  watching AIG for short
[13:48] {Threei}  want a bounce, not breakdown
[13:48] {Threei}  somewhere sround .40
[13:49] {rambler} big volume...
[13:51] {strider} can't short aig either
[13:51] {strider} this is a problem
[13:51] {kschun} broker?
[13:52] {strider} genesis
[13:53] {Threei}  anyone shorted it?
[13:53] {kschun} yeap
[13:53] {kschun} took 1:1
[13:53] {Threei}  ok
[13:53] {kschun} entry .29
[13:53] {kschun} scalled out in 3 parts
[13:54] {kschun} wanted to let run last one,
[13:54] {Threei}  .29?
[13:54] {kschun} yeah
[13:55] {kschun} looked too good not too take. .30 broken, ask at .30 was absorbing shares
[13:56] {Threei}  I am lost
[13:56] {Threei}  but it's OK, that's my normal state
[13:57] {Threei}  RIMM, watch for pullback to about .60 yo enter long
[13:58] {ese} too much to do these days all....mostly just watching you all...see ya tomorrow
[13:59] {kschun} I now you probably wanna hit me, but I still ask: HK .40 break ?
[13:59] {kschun} take care ese
[13:59] {Threei}  take care ese
[14:00] {Threei}  HK, chart is right but don't count on much, just a small scalp
[14:02] {kschun} out HK
[14:03] {Threei}  but it didn't even break .40
[14:03] {strider} you still think rimm long?
[14:03] {Threei}  I don't understand what you are doing at all
[14:03] {kschun} try to short it before, with really tight stop
[14:04] {Threei}  missed RIMM near .60
[14:04] {Threei}  anyone got it?
[14:05] {strider} n0
[14:05] {rambler} nope..
[14:05] {kschun} n
[14:05] {strider} bidding .63
[14:05] {Threei}  nah
[14:05] {ScottM} nope, am in AIG though
[14:05] {Threei}  it tested .60 twice
[14:05] {_cleto} AIG  short,  hold it ?
[14:06] {Threei}  if it goes there thrid time, don't take long
[14:06] {Threei}  AIG stop above .50
[14:06] {Threei}  wait, mistype
[14:06] {Threei}  original one was above .50,
[14:06] {Threei}  above .40 now
[14:07] {Threei}  what price are you in?
[14:07] {_cleto} .35
[14:07] {Threei}  .20 break should send it down screaming
[14:07] {Threei}  then I'd cover half here
[14:07] {Threei}  keep stop above .40,
[14:07] {Threei}  let it tarde and wait for .20 break
[14:08] {kschun} watching SBI , for 35 break down
[14:08] {Threei}  there is no support at all, it can go down to 35 for all chart shows
[14:08] {Threei}  SBI?
[14:08] {Threei}  you must be joking
[14:08] {kschun} CBI
[14:08] {Threei}  CBI
[14:08] {Threei}  ahh
[14:08] {kschun} sorry
[14:09] {Threei}  look at SBI and laugh
[14:09] {kschun} LOL
[14:09] {kschun} CBI chart o.k.?
[14:09] {Threei}  more or less
[14:10] {Threei}  far from being my favorite but not a complete no-no
[14:12] {Threei}  RIMM perfect bounce off .60.... can't believe you all ignored it
[14:13] {_cleto} not ignored but not filled
[14:13] {RonS} w/ the naz at lod and naz fute order flow at a new low negative it was tough to take...
[14:13] {kschun} agree with ron
[14:13] {kschun} found it too risky too
[14:14] {kschun} didn't see support of  hole market.
[14:14] {strider} sh nov .90
[14:15] {strider} long I mean
[14:17] {Threei}  nice one
[14:17] {strider} offering .09
[14:18] {strider} out
[14:18] {Threei}  AIG balance stopped
[14:19] {RonS} ctrp sm l .30
[14:20] {Threei}  (GE) Germany Econ Min Bruederle: It would be a mistake for the eurozone to adopt a single wage policy
[14:20] {Threei}  lol
[14:20] {Threei}  they seriously discuss that?
[14:20] {strider} good idea
[14:21] {RonS} dgit sm l .75
[14:22] {kschun} shrot BEXP
[14:23] {Threei}  ugh RIMM... how did we let it get away
[14:24] {Threei}  with very effective short earlier, would be just as effective long
[14:24] {_cleto} we were too cheap   by  1 cent
[14:25] {strider} yrcw halted
[14:27] {kschun} TROW - any read ?
[14:28] {strider} drop
[14:28] {RonS} oil futes down 1.15 in past hr to 96.85
[14:28] {Threei}  not really
[14:28] {strider} as in drop TROW
[14:29] {RonS} pricey...
[14:30] {Threei} Short Setup: RIMM  .93 if stays under 66
[14:30] {RonS} lol strider...testing k's english...
[14:30] {strider} sh cyh .96 news
[14:31] {nemo} spy should go to about .90
[14:32] {nemo} entry under this doji vad?
[14:32] {strider} I have sold short a number of shares of CYH based on a news release. :)
[14:32] {Threei}  nemo, sorry... not sure I got what you ask
[14:33] {nemo} change entry to under that high volume doji
[14:33] {Threei}  nah
[14:33] {Threei}  this is double top play
[14:33] {Threei}  .94 support
[14:34] {Threei}  .93 short trigger
[14:34] {RonS} cyh sm s .87   .28 target
[14:34] {Threei}  aggressive entery is always possiblity of course
[14:34] {Threei}  but this close to break level, it makes little sense
[14:35] {RonS} out ctrp...dead...must be totally freaked about the Chinese pmi tonight
[14:35] {Threei}  US warns Gadhafi; Clinton: step down now
[14:35] {Threei}  Gadhafi: I never paid any attention to you over last 40 years, why would I start now
[14:37] {kschun} LOL
[14:38] {strider} out CYH +.33
[14:38] {Threei}  wtg
[14:38] {RonS} so you are the one holding it up?
[14:38] {strider} t'anks.  I needed that.
[14:39] {strider} should have partialled , but got the nervouse jerks from this market today.
[14:39] {RonS} won't touch that...
[14:39] {Threei}  {nervouse jerks} hey!
[14:39] {strider} so  you think rimm's going south?
[14:39] {Threei}  I? Think?
[14:39] {Threei}  that's flattering
[14:39] {strider} oh.
[14:39] {strider} forgive me.
[14:39] {strider} I have sinned.
[14:39] {Threei}  sure, but sin no more
[14:40] {Threei}  RIMM, stop above 66, scalpers look to cover closer to .80, day traders cover half and wait for it to break .80
[14:40] {rambler} RIMM short still on Vad...?
[14:40] {Threei}  yes
[14:41] {strider} short .97
[14:42] {kschun} oh boy, some size at .97 - strider seems to play big :-)
[14:42] {strider} bite me
[14:43] {Threei}  he speaks softly, too...
[14:43] {kschun} o.k. edgx showing 3k at ask
[14:43] {kschun} so far so good
[14:43] {strider} but with a big schtick
[14:43] {Threei}  :)
[14:43] {Threei}  you pay too much attention that level 2 crapola, ks
[14:43] {Threei}  those 3K mean nothing
[14:44] {Threei}  zilch
[14:44] {Threei}  nada
[14:44] {kschun} o.k. try to stop it
[14:44] {Threei}  people who taught to trade of level 2 this way had some legitimace 12 years ago
[14:44] {Threei}  not since then
[14:45] {strider} aig
[14:46] {kschun} funny gap up
[14:48] {Threei}  no go RIMM
[14:50] {kschun} MET long .10, if holding .05
[14:52] {RonS} out dgit .92  +.17
[14:54] {RonS} out cyh .69 +.18  reverse slip...old dino phrase
[14:55] {strider} lvs
[14:57] {kschun} met approaching .10 again
[14:57] {RonS} my dog eats iams every day...:)
[14:58] {RonS} and when she craps i part a cus...
[14:59] {strider} l lvs .07
[14:59] {strider} 1/2 out .21
[15:00] {RonS} gj
[15:00] {kschun} good one strider!
[15:01] {strider} so far
[15:01] {strider} not sure about the follow through
[15:01] {kschun} same in MET
[15:03] {Threei}  X, watching for long entry if pulls back closer to .40
[15:03] {strider} stop 1/4 .15
[15:04] {strider} stop bal . b/e
[15:04] {strider} scalping only today
[15:04] {strider} for me, anyway
[15:05] {dino} gj strider. just sitting here
[15:06] {Threei} Long Setup:  X  .45 break
[15:06] {Threei}  .40 break now
[15:06] {Threei}  if stays above .35
[15:10] {Threei}  come on X, move your butt
06[15:12] * Threei kicks X in the rear
[15:12] {_cleto} x stop loss at? 34 or so?
[15:13] {Threei}  .34, yes
[15:13] {Threei}  loss of .35
[15:13] {_cleto} "as long as it stays above 35"( for u that meant stop loss correct?)
[15:13] {Threei}  exactly
[15:14] {Threei}  half out
[15:14] {rambler} target on X..?..
[15:14] {Threei}  .51
[15:14] {Threei}  scalpers take profit
[15:14] {Threei}  stop for the balance to .38
[15:15] {Threei}  offer 1/4 more .58 - .59
[15:16] {RonS} x .38 to .56  thanks 3i
[15:16] {Threei}  :)
[15:16] {kschun} all out
[15:16] {kschun} thanks vad.
[15:16] {kschun} amazing
[15:17] {rambler} b/e for me...
[15:17] {Threei}  the day?
[15:18] {rambler} I wish...
[15:18] {strider} spodiodi time
[15:20] {Threei}  1/4 more out
[15:20] {Threei}  stop to .45
[15:20] {patience} squeeze in slw shorts
[15:22] {Threei}  out last piece X
[15:22] {dino} pby drop
[15:23] {dino} sm l .52
[15:23] {kschun} missed NDAQ . 40 break
[15:25] {kschun} CI
[15:26] {strider} l.com:  Pep Boys to halt efforts to sell itself, Bloomberg reports :the
[15:26] {kschun} watching for 42 break
[15:26] {dino} thx strider
[15:27] {kschun} probably wthe wrong market for breakouts...
[15:27] {kschun} vad?
[15:28] {Threei}  chart looks OK... will depend on market
[15:30] {Threei} Short Setup: USO  .15 break
[15:31] {strider} not in short list........man this is getting to be a drag
[15:31] {strider} 3 today
[15:32] {Threei}  stop .25
[15:33] {rambler} no fill for me....
[15:34] {dino} back in ten, stop on pby is break of lod
[15:36] {Threei}  Tablet computers will eat into hard disk drive shipments in Q1; sees Q1 HDD shipments 160.9M units v 167.5M units q/q, -4% - iSuppli
[15:36] {Threei}  - Rising sales of tablet devices coming at the expense of conventional netbook PCs will contribute to a low single-digit decline in shipments of hard disk drives in Q1.
[15:36] {Threei}  - Declines will occur in four of the six major segments driving demand for hard disks, including desktop PCs, notebook PCs, netbook PCs and nontraditional/consumer electronics, pulling overall figures down despite slight HDD increases in the enterprise business and entry server segments.
[15:37] {Threei}  interesting remaking of the landscape in computing
[15:37] {rambler} got filled...
[15:38] {nemo} hah...tommorrow should be bullish.  over the last 6 months 42% of the returns for the six months occurred on the first day of the month
[15:39] {patience} My 78 year old mom phoned asking me to buy her an IPAD2.  Her 4 year old grandson is showing her how to use his IPAD.
[15:44] {kschun} man, what is USO doing - should drop... kick him vad :-)
[15:45] {Threei}  can't
[15:45] {Threei}  it's not he, it's she
[15:45] {kschun} why
[15:45] {kschun} ah... understand + agree
[15:52] {Threei}  out USO
[15:52] {Threei}  that seals it, negative day
[15:53] {dino} here too\4 rinses again
[15:53] {kschun} here too
[15:53] {RonS} yeap
[15:53] {kschun} however have to add, about 90% my fault. did two very stupid trades.
[15:53] {rambler} me three...
[15:54] {strider} very slightly here
[15:54] {rambler} time for a walk in the snow.....
[15:54] {Threei}  not much, that RIMM short fixed most of the loss
[15:54] {Threei}  but still
[15:54] {strider} get out the horsehair shirt
[15:54] {kschun} LOL
[15:56] {RonS} rig off drilling announcement
[15:56] {Threei}  and X was about to take th day in gbreen but then idiot USO came along
[15:56] {dino} out pby +.03
[15:57] {nemo} very bullish for tomorrow
[15:57] {Threei}  NVAX
[15:57] {Threei}  glying crap
[15:57] {Threei}  flying too
[15:57] {patience} quarter out slw
[15:57] {RonS} HHS Grants Novavax 3-Yr, $97M Pact To Develop Flu Technology       02/28 01:56 PM
[15:57] {Threei}  Novavax Inc. HHS Awards Contracts to Develop New Flu Vaccine Technology- The contracts for advanced development of new types of vaccine and new ways to make flu vaccine known as next-generation recombinant influenza vaccine total $215M. - HHS awarded one contract to Novavax, Inc., of Rockville, Md., for $97M over the first three years, which can be extended for an additional two years, for a total contract value of $179.1M
[15:59] {Threei}  ok guys, thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {strider} adieu
[15:59] {kschun} still have to add something:
[15:59] {kschun} even if I am negative today.
[16:00] {kschun} normally after some losers I really get unconfortable and begin to trade all crap I see
[16:00] {ScottM} night all
[16:00] {kschun} happened a little little bit too today
[16:00] {kschun} night scott
[16:00] {kschun} however, it is getting much better.
[16:00] {kschun} finished negative, but still feeled to controll myself relatively good
[16:00] {kschun} that is what I want
[16:01] {kschun} no problem with losing days, as long as I can controll my emotions after several loosing trades
[16:01] {kschun} thanks all
[16:01] {rambler} goodnight folks....
[16:02] {kschun} night man, bonne chance avec la neige :-)
[16:06] {dino} gn all, its a constant learning process ks
[16:07] {kschun} yep, thanks
[16:07] {kschun} could I still just asking something to the guys/girls who trade for a living?

Feb 25 2011

Nice end to the week with 4 wins out of 5 calls. No interesting charts though.

Session Time: Fri Feb 25 00:00:00 2011
[08:15] {Threei}  (US) Fed's Lacker: Oil prices will not derail the recovery; economic recovery is entering the next stage, when inflation often picks up - CNBC
[08:15] {Threei}  - Reiterates that inflation expectations remain well anchored.
[08:15] {Threei}  - Input price pressures are squeezing margins, resulting higher prices are a risk. - Reiterates that we have seen the bottom for core inflation, will rise higher.
[08:15] {Threei}  - Growth outlook further tilts the case against more QE.
[08:30] {Threei}  (US) Q4 PRELIMINARY GDP Q/Q ANNUALIZED: 2.8% V 3.3%E; PERSONAL CONSUMPTION: 4.1% V 4.2%E
[08:30] {Threei}  (US) Q4 PRELIMINARY CORE PCE Q/Q: 0.5% V 0.4%E; GDP PRICE INDEX: 0.4% V 0.3%E
[08:53] {jfjf64} mornin
[08:54] {Threei}  jf :)
[09:03] {Threei}  American International Group, Inc Corrects Q4 attributable operating loss to -$15.99 from -$16.20 - filing**Note: The company's earnings press release was reissued to reflect the revised computation of after-tax operating income (loss) per share.
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:09] {ese} what a fantastic way to start your day....was listening to John "Jabo" Starks playing his groove from James Browns "Super Bad"
[09:10] {ese} morning by the way
[09:10] {Threei}  my day hasn't started yet - bacon time is in an hour and half
[09:10] {ese} gm dino
[09:10] {dino} gm
[09:10] {ese} 1st helping?
[09:10] {_cabogordon} hello
[09:10] {Threei}  yeah...
[09:10] {RonS} gm everyone...congrats ese ldk
[09:10] {Threei}  cabo :)
[09:10] {ese} cabo
[09:10] {Threei}  ron :)
[09:11] {dino} sam adams hitting me hard this morning
[09:11] {ese} it's not Jabo but close enough
[09:11] {Threei}  hit him back
[09:11] {ese} ron
[09:11] {ese} ya....it's going to be another rasy day at the office
[09:11] {RonS} ese...saw a Funk Brothers documentary movie recently...some great performances in it
[09:12] {ese} "Standing in the Shadows of Motown"?
[09:12] {strider} I saw that a month or two ago, also, Ron.
[09:12] {RonS} they were the studio guys for Motown...ya that's it
[09:13] {RonS} i thought it interesting that they were all more interested in jazz and wanted to be like Miles Davis
[09:13] {ese} I had a talk about those guys with Martha Reeves when we were doing out Documentary with her...."Motown High"
[09:13] {ese} our
[09:14] {RonS} and that there were several white guys....
[09:14] {ese} Jimmy Babit Bass was awesome
[09:15] {ese} electric bass
[09:16] {ese} filled in for James Jamerson.....to my mind one of the greatest funk bass players ever
[09:16] {ese} cause the stuff he did was incredibily complex.......but he did it with one finger
[09:17] {RonS} ...learned to play as a poor Alabama boy tieing a rubber band to a wodd fence post
[09:17] {RonS} wood
[09:17] {ese} most guys use 2/3 or four fingers with there right hand to do what he did with one
[09:17] {ese} ya......amazing
[09:21] {ese} http://www.sd61.bc.ca/vichigh/band/marthareeves.htm  .............my high school bands documentary with Martha Reeves
[09:21] {strider} watching NFG at open.
[09:21] {strider} com: National Fuel named a Trading Sell at Pritchard
[09:21] {strider} Pritchard doubts National Fuel will be able to find a suitable JV partner for its Marcellus acreage. Price target lowered to $64 from $73. :theflyonthewall.com
[09:23] {strider} MDAS, NTRI
[09:23] {RonS} nice ese
[09:24] {larisa} gm :)
[09:24] {RonS} ntri 7.8 mil sh short
[09:24] {Threei}  larisa :)
[09:25] {RonS} will they cover?
[09:26] {Threei}  CBS pulls the plug on Two and Half Men
[09:27] {strider} Don't know why.  They still had two men left..
[09:27] {Threei}  lol
[09:27] {RonS} ya, Charley ripped the producer on a radio show
[09:27] {_cabogordon} cannot view page , have huge google ad blocking
[09:28] {rambler} goodmorning all...
[09:28] {Threei}  rambler :)
[09:28] {Threei}  cabo?
[09:28] {dino} cbs cx'd this season or entire show?
[09:28] {Threei}  sorry, don't understand
[09:28] {RonS} ...plus Berta should count for another two...
[09:29] {RonS} ...right now for season dino
[09:29] {Threei}  but squabbles between Charlie and show creator look like that's it for the show
[09:31] {dino} bummer, funny show
[09:33] {Threei} Short Setup: SLW  .25 break
[09:33] {Threei}  if stays under .35
[09:34] {Threei}  recalibration, .40 break
[09:34] {Threei}  if stays under .50
[09:35] {Threei} Short Setup: NTRI  .40 break
[09:35] {Threei}  half lot
[09:35] {Threei}  SLW 1:1
[09:35] {Threei}  1:2
[09:36] {Threei}  NTRI 1:1
[09:37] {Threei}  SLW 1:3, out
[09:38] {Threei}  NTRI 1:2
[09:38] {Threei}  out
[09:38] {Threei}  can I go home?
[09:38] {RonS} hearing ldk upgraded w/ 24 target ese
[09:38] {jfjf64} 8 mins   go  home ?
[09:39] {dino} gj
[09:39] {RonS} he's a sprinter ya know
[09:39] {jfjf64} at least 15
[09:39] {dino} mdas sm l .00
[09:42] {jfjf64} gg .50 break
[09:43] {jfjf64} half  here
[09:43] {Threei}  wow SLW
[09:43] {Threei}  that's some bounce
[09:43] {Threei}  again, can't help but notice how it started moving against the market
[09:44] {ese} was trying to find that ron.........where did ya get that info
[09:45] {RonS} off another board...that is why "hearing"
[09:45] {Threei}  LDK Kaufman Initiates LDK with Buy, price target: $24
[09:45] {ese} tks
[09:46] {ese} every little bit helps
[09:46] {jfjf64} 1/4 more   gg
[09:47] {jfjf64} stop.55
[09:47] {jfjf64} .50
[09:49] {jfjf64} done
[09:49] {ese} L lvs .41
[09:49] {ese} sorry .31
[09:50] {ese} out lvs .54 +.23
[09:50] {jfjf64} niceeeeeeeeee
[09:50] {ese} tks
[09:50] {rambler} G1....
[09:53] {jfjf64} 3i  not  joking   went  home
[09:53] {Threei}  lol
[09:53] {jfjf64} lol
[09:53] {Threei}  SLW
[09:54] {Threei}  let's see if we get double top
[09:54] {Threei} Short Setup: SLW  .65 break
[09:54] {Threei}  if stays under .75
[09:55] {Threei}  (US) FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 77.5 V 75.4E
[09:55] {jfjf64} .62
[09:55] {Threei}  1:1
[09:56] {jfjf64} ty
[09:56] {Threei}  home!
[09:56] {jfjf64} lol
[10:00] {Threei}  Jordan King pledges to implement political reforms quickly
[10:00] {Threei}  wiki wiki
06[10:00] * Threei adds some hawaiian to his threeiish
[10:02] {Threei}  same setup
[10:02] {Threei}  SLW
[10:02] {Threei}  .65 break short
[10:03] {Threei}  stop above .70 for insane scalpers, .75 for normal people
[10:03] {Threei}  whatever your normal is
[10:04] {Threei}  (EU) IMF's Borges: Confident in the euro, long-term inflation expectations remain low, supports ECB's current monetary policy
[10:04] {Threei}  - The eurozone needs more integration, more freedom of capital flows.
[10:04] {Threei}  - Warns that too many eurozone nations had unsustainable growth.
[10:04] {Threei}  - Second-round inflation effects are possible if headline inflation rises further.
[10:04] {Threei}  no really?
[10:04] {Threei}  eurozone needs more integration?
[10:04] {Threei}  I am pretty sure it's the other way around
[10:05] {Threei}  insane ones have 1:1
[10:06] {Threei}  and they didn't have "unsustainable growth" - they had pretended growth fueled by unsustainable borrowing with no means of repaying
[10:06] {Threei}  normal traders have 1:1
[10:06] {Threei}  whatever their normal is
[10:08] {Threei}  that's 4 for 4
[10:08] {Threei}  jf, are you going to torture me until I finally run into stop?
[10:08] {jfjf64} lol
[10:09] {Threei}  House Republican Majority leader Cantor: Shutdown of the Govt is not an option deemed acceptable
[10:09] {jfjf64} you  sd tk a  BACON break
[10:09] {jfjf64} refuel
[10:09] {jfjf64} good  job
[10:09] {Threei}  well, that depends... some goverments do deserve to be shut down... just as a few gulf nations
[10:09] {Threei}  ask
[10:12] {dino} nak sm l .00
[10:12] {strider} hal
[10:15] {ese} dino you gonna do anything with ntri
[10:15] {strider} +.14 hal scalp
[10:16] {Threei}  {HAL} wee need to talk, strider... http://upload.wikimedia.org/wikipedia/en/1/1f/Hal-9000.jpg
[10:16] {strider} I don't talk to pieces of metal
[10:17] {strider} usually
[10:17] {ese} lol
[10:17] {dino} watching it es
[10:17] {ese} ya me too
[10:20] {ese} L nak "ers" .80
[10:20] {jfjf64} cat  d/top
[10:22] {dino} fosl sm l ave .15
[10:22] {dino} out fosl .45, +.30
[10:23] {ese} nice
[10:24] {dino} ty
[10:24] {dino} re-load .15
[10:25] {ese} nice once again
[10:25] {ese} that one took some precision
[10:26] {dino} greed got me, still in
[10:26] {ese} wouldn't have time to think there
[10:26] {jfjf64} .51  s  cat
[10:28] {ese} out nak 78 -.02
[10:29] {dino} fosl stopped -.20
[10:29] {strider} fcx weak
[10:30] {dino} nak stopped -.31
[10:31] {strider} l fcx .42
[10:32] {strider} stop .36
[10:32] {dino} ntri sm l .00
[10:34] {strider} bak in .36
[10:35] {strider} out +.02
[10:36] {strider} in .39 :)
[10:38] {dino} fosl rinsed
[10:38] {dino} nak rinsed
[10:38] {dino} sheesh, feels like a shower
[10:38] {strider} out +.05
[10:38] {jfjf64} +21 cents cat
[10:38] {strider} that's too much work
[10:40] {davd} gj fcx strider
[10:41] {strider} oh yeah...that was wonderful
[10:42] {dino} gj
[10:42] {Threei}  (LB) Multiple thousands of protesters have now started to move towards central Tripoli
[10:42] {Threei}  - Note: Gaddafi supporters had set up checkpoints and had been reported to have been firing into the air earlier today to disperse other protesters
[10:42] {rambler} CTRP ww.....
[10:43] {dino} dgit sm l ave .98, thin
[10:43] {ese} L ldk .68
[10:44] {dino} nak sm l .70
[10:44] {dino} gaddafi needs a spider hole
[10:44] {ese} lol
[10:45] {dino} they will lynch him if they catch him, not that he hasn't earned that type of treatment
[10:46] {dino} we should send over a sniper or two to get the job done
[10:46] {ese} whats happening to him now
[10:46] {Threei}  of course they will - those hallucinogen pills mixed by CIA in their coffee, you know
[10:46] {dino} thats some funny stuff he makes up
[10:47] {dino} think he's been smoking a bit too much crack
[10:47] {jfjf64} check  his  coffee
[10:47] {Threei}  it's ukraininan nurse, dino... they'll make you crazy
[10:47] {dino} nak stop is .49, thing is not acting well
[10:48] {RonS} nak crazy canuckian kerfufel
[10:53] {dino} bless you
[10:53] {Threei}  rofl
[10:53] {dino} quarter triggers not working so well today
[10:54] {dino} its like king midas as i was told, everything he touched turned to gold. now get moving mdas
[10:56] {strider} sh fcx .68
[10:59] {dino} nak stopped
[11:04] {strider} out .53 +.15
[11:04] {strider} thank god for small favors
[11:04] {rambler} tough morning...
[11:05] {Threei}  huh?
[11:05] {strider} I hate uptrending days
[11:05] {Threei}  4:4 here
[11:05] {strider} you win
[11:05] {Threei}  what do you guys want, really?
[11:05] {jfjf64} blood
[11:05] {jfjf64} lol
[11:05] {rambler} it's my picks
[11:05] {Threei}  vampires
06[11:06] * Threei wears garlic garland
06[11:06] * Threei puts a wooden stake in his pocket
[11:06] {strider} I thought you were just happy to be here.
06[11:07] * Threei walks on the sunny side of the street
[11:07] {rambler} nothing on now....busy reading a nutty book about reading tapes....?
[11:07] {Threei}  me? reading?
[11:07] {Threei}  you assume I can read...
[11:07] {Threei}  flattering of course
[11:08] {rambler} a lot of kooks out there.....
[11:08] {rambler} crazy ideas....
[11:08] {strider} HAL big retrace
[11:09] {strider} to vwap
[11:11] {strider} in hal .31
[11:11] {Threei}  {HAL, softly} what are you doing, Dave...
[11:12] {strider} hit me .41
[11:12] {strider} out
[11:12] {strider} Hal, if you want to talk you have to come to me...
[11:12] {RonS} creepin me out 3i...
[11:13] {Threei}  I hated the end of that movie btw
[11:14] {Threei}  like slapped onto it, too artificail
[11:14] {RonS} ya, not real like the rest of it
[11:15] {dino} .07 all green
[11:15] {rambler} lol...
[11:15] {Threei}  sigh
[11:15] {Threei}  meanies
[11:15] {RonS} i didn't understand that movie then, and still don't
[11:15] {dino} sensitive today?
[11:16] {Threei}  can you blame me... surounded by vampires
[11:16] {RonS} liked the monkey scene though
[11:16] {strider} all this green really irritates me
[11:16] {Threei}  SLW changed its ways, moves with market now
[11:16] {RonS} warmed me up for the planet of the apes series
[11:16] {Threei}  weirdo
[11:16] {RonS} :D
[11:17] {strider} thank you
[11:18] {RonS} ...where joel gray got typecast
[11:19] {RonS} gee, i miss nemo
[11:19] {RonS} end up talking to my self
06[11:19] * Threei slaps nemo around a bit with a large cardboard cutout of Ron
[11:19] {dino} thats why i have a dog
[11:19] {dino} actually two now
[11:22] {strider} HES gone negative...
[11:24] {Threei}  maybe HE'S just not feeling well today
[11:25] {strider} what has happened to vad?
[11:25] {Threei}  friday
[11:25] {Threei}  happy hour
[11:27] {Threei}  hey, I just noticed... rambler lost his underscore
[11:27] {Threei}  welcome aboard
06[11:27] * strider slaps Threei around a bit with a large bottle of really high-grade swamp water
[11:28] {rambler} I graduated...
[11:28] {Threei}  hmm... strider, you really have very strange ideas of happy hour...
[11:28] {strider} I'm an Appalachian-American
[11:28] {Threei}  no wonder HAL9000 wants to have a word with you
[11:29] {strider} HES still falling
[11:29] {rambler} now I guess I've GOT to read your books.......
[11:29] {strider} or not
[11:29] {Threei}  btw, tomorrow our crazy province elects new crazy premier as previous crazy premier resigned... want to try your chance, strider?
[11:30] {Threei}  keep in mind, being our premier gives you right to drive drunk in Hwaii
[11:30] {patience} G good to me today, half out now
[11:30] {Threei}  I duno rambler... I still havent'
[11:31] {Threei}  American International Group, Inc Schedules marketing for upcoming "re-IPO" in May after Q1 earnings\
[11:31] {Threei}  re-IPO...
[11:32] {RonS} break out the lipstick...
[11:32] {strider} watching for db  on HES
[11:34] {Threei}  {AIG} oink oink
[11:35] {Threei}  Marijuana Merchandise Mega Store Opens in Sacramento
[11:36] {Threei}  oh good
[11:36] {Threei}  Libya needs competition
[11:36] {RonS} jerry brown the owner?
[11:37] {RonS} governor moonbeam
[11:42] {Threei}  Most Voters Favor End To U.S. Foreign Aid To Middle East, Except Israel
[11:46] {strider} X is negative
[11:46] {strider} and so am I
[11:46] {strider} not for the day, just psychologically
[11:47] {Threei}  welcome to the club
[11:47] {strider} I thought you were Mr. Happy
[11:47] {Threei}  no, I am grumpy and caustic
[11:47] {Threei}  I generally consider people with sunny disposition idiots
[11:47] {strider} need more swamp water
[11:48] {Threei}  prety girls are exception
[11:48] {strider} Then I'm a friggin genius
[11:48] {Threei}  that adfition was made before larisa could bite my head off
[11:49] {rambler} you must "Strenghten the mind as well as the system"...grasshopper....
[11:49] {strider} strictly ceremonial, I am sure.
[11:58] {dino} .
[12:02] {Threei}  (LB) Gaddafi appears in person, addressing supporters in central Tripoli, tells audience to be prepared to defend the country and its oil resources
[12:02] {Threei}  - Reiterates that he has no personal authority, but is only the "leader of the revolution"
[12:02] {Threei}  - Pledges to distribute arms to the people.
[12:02] {Threei}  one of us is in parallel universe
[12:02] {Threei}  either he of the rest of the planet population
[12:02] {Threei}  of = or
[12:03] {ese} wow
[12:03] {dino} he's so out of it he is arming his overthrowers
[12:03] {ese} distribute arms to the people.........
[12:03] {Threei}  so, everyone got cocoa in the storage?
[12:03] {Threei}  UN Sec General: Ivory Coast is moving closer to civil war
[12:03] {Threei}  ***Note that over the last several days there have been violent clashes between two political rivals following the dispute in the election months ago. On Feb 14th, Ivory Coast Leader Quattara pledged to extend indefinitely the one-month ban on cocoa exports if rival Gbadbo does not leave power by Feb 23rd
[12:04] {Threei}  'cause you know, until Quattara and Gbadbo duke it out and resolve their childhood issues, cocoa might be in tight supply
[12:05] {Threei}  on a sidenote, anyone heard any of those names before just now?
[12:05] {RonS} add a y to the end of Gbadbo and he could come to US and be a rap star
[12:05] {Threei}  lol
[12:06] {Threei}  wait... I have one more entity that is on the same planet as Ghadafi
[12:06] {Threei}  read the second line:
[12:06] {Threei}  (US) Fed's Lacker: Oil prices could slow the economic recovery, but so far looks like they won't end the recovery
[12:06] {Threei}  - QE2 has not done very much to support the recovery.
[12:06] {Threei}  - Recent economic strength may be enough to consider modifying QE2.
[12:07] {Threei}  so, why do you ***kers waste untold billions and fuel inflation?
[12:08] {Threei}  and to finish the line of stastement bordering with insane, how big of a loophole can the word "current" be?
[12:08] {Threei}  (US) US Transportation Sec LaHood: No current plans to raise gasoline tax
[12:08] {RonS} turrets just kick in?
[12:09] {Threei}  I have no current plans to eat bacon
[12:09] {RonS} and its trillions...
[12:10] {RonS} LaHood reminds me...how 'bout that dude that changed his name to Will I. Am
[12:11] {RonS} classic...like the NBA guy in the '70's...World B. Free
[12:11] {strider} sh fcx .50
[12:11] {Threei}  Tree B.Huggd
[12:13] {Threei} Short Setup: X  .90 break
[12:15] {Threei}  invalidated
[12:15] {RonS} better than a no worky...
[12:16] {Threei}  but worse than two-sided setup
[12:17] {davd} strider fyi copper at day high re jjc
[12:20] {strider} fcx hasn
[12:20] {strider} t been followin it
[12:22] {strider} stop -.03
[12:22] {strider} broke channel
[12:29] {ese} who did he play for anyway.....World be Free
[12:30] {RonS} i think the golden state warriors...
[12:31] {kschun} good call on fcx strider
[12:31] {strider} really?
[12:32] {kschun} yeap, .above .50 was a nice entry, after distrib. in volume spike
[12:33] {kschun} I just would like something to say
[12:34] {kschun} I decided to publish here on forum all my trading ideas and trades
[12:34] {kschun} so feel free to give commentary
[12:34] {Threei}  this is great idea
[12:34] {kschun} reason for this: I noticed my biggest problem in trading is self-controll and avoiding over-trading patterns
[12:34] {strider} no, that's fine.   I was just short fcx, and stopped -03 when it broke the channel it was in....
[12:34] {Threei}  benefits are many
[12:35] {Threei}  first, and obvious is a f6eedback
[12:35] {Threei}  second, just as obvious - added accountability, as you feel being watched
[12:35] {Threei}  third, and major one:
[12:35] {kschun} exactly vad
[12:36] {Threei}  feeling that you put your trades out there for everyone to see makes you less trigger-happy, more thoughtful,
[12:36] {Threei}  responsible
[12:36] {kschun} I noticed regarding my journals that I am almost always positive on a weekly when I don't beginn to fall into old habits
[12:36] {Threei}  fourth, underappreciated but very important one: it allows me to speak less
[12:36] {Threei}  and nap more
[12:37] {RonS} ...and fulfills your masochistic desires
[12:37] {kschun} when I fall into negative behavior patterns I can ruin in 5 minutes a weekly result
[12:37] {kschun} and I really want to stop this.
[12:37] {Threei}  this is very common and very familiar pattern kschun
[12:38] {Threei}  so much so that I felt the need to write specific article on this
[12:38] {Threei}  be a doll and read it:
[12:38] {kschun} it is funny, I can trade well for 2-3 weeks. and then one day, trading-burnout and frustration.
[12:38] {Threei}  http://blog.realitytrader.com/2007/09/costly-hiccups-do-you-have-any.html
[12:38] {kschun} thanks  vad!
[12:38] {Threei}  before you do,
[12:38] {Threei}  look at this piece from the article and tell me it wasn't written about you:
[12:39] {Threei}  One of the most frequent questions I get: "OK, I seem to have mastered a lot, I can extract money from the markets and I have stretch of winning days BUT... one day comes where I seem to be unable to follow my own rules, I start doing everything against what I learned, dig deeper and deeper hole... and when the day is over I find myself giving back all I made in a week before that!
[12:39] {Threei}  I feel groggy... then I remember everything I learned, pick myself up, glue pieces together, start trading carefully, start making money... only to have another blow-off just like the previous one in a week or two! What's going on, why can't I control myself and how do I avoid these frustrating days??"
[12:39] {Threei}  ain't it word for word what you just said?
[12:41] {davd} so whats the answer!
[12:41] {Threei}  {Threei} http://blog.realitytrader.com/2007/09/costly-hiccups-do-you-have-any.html
[12:42] {Threei}  and http://www.realitytrader.com/taoisttrader.html
[12:42] {Threei}  why do you think I write all those things
[12:42] {Threei}  out of being lazy
[12:42] {davd} good one.
[12:42] {Threei}  so I could just post links or at most quote myself by copy/paste
[12:42] {davd} loved t
[12:43] {Threei}  laziness is an engine of the progress
[12:43] {dino} good article vad
[12:43] {Threei}  man invents ekscavator because he doesn't want to dig with shovel
[12:44] {Threei}  and ten he invents a spell-checker so he doesn't type "ekscavator"
[12:44] {kschun} great, great stuff man! thanks
[12:44] {Threei}  welcome...
[12:44] {kschun} really just like I feel sometimes!
[12:44] {Threei}  think of it this way
[12:45] {Threei}  to weed out your psychological problems you need to understand where they stem from,
[12:45] {Threei}  and since we don't have doctor Freud here to tell us it's all our mother's fault
[12:45] {Threei}  you need to undestand how you work,
[12:45] {Threei}  how other people work,
[12:46] {Threei}  and how to distant yourself from tyour own inner workings
[12:46] {Threei}  thus, taoism
[12:50] {Threei}  why have you all fell silent as if I am expected to say anything else
[12:50] {Threei}  I start drifitng slowly toward second helping of bacon
[12:50] {RonS} because i am dogging nak for a breakout
[12:51] {kschun} we are all speakless in front of the KING
[12:51] {kschun} :-)
[12:51] {Threei}  larry?
[12:51] {Threei}  I thought he retired
[12:51] {RonS} "come to jesus"
[12:51] {Threei}  nah
[12:51] {Threei}  I have this strong suspicion he wouldn't approve of bacon
[12:52] {dino} nak, rinsed me twice, gl w/it ron
[12:52] {Threei}  18 break does look tempting, I have to admit
[12:55] {kschun} FCX looks good to me in terms of tape-reading. all pushes higher on extending volume, and down-pushes on descending volume.
[12:55] {kschun} vad?
[12:55] {Threei}  I don't see any setup on it
[12:56] {kschun} yeap, not setup. just example for stock that is o.k. in terms of tape-reading
[12:56] {kschun} isn't it?
[12:56] {Threei}  it's simply not enough
[12:56] {kschun} :-) - right
[12:56] {Threei}  tape reading is more than that
[12:57] {Threei}  it all comes together at culmination point
[12:57] {Threei}  that includes many elements
[12:57] {Threei}  and volume pattern with price direction is merely one of those
[12:57] {Threei}  but this is where my knowledge ends - you'll have to wait for rambler to read TTR to tell you the rest
[12:58] {rambler} ya right.....
[12:58] {kschun} TTR - RED IT. great stuff, just don't like the guy who wrote it. he always complains about brocoli LOL
[12:59] {Threei}  yeah, he is a whiner
[12:59] {kschun} EXH - 22.15 break?
[13:00] {Threei}  and I don't know how he even can judge broccoli, he ate one a few decades ago
[13:00] {Threei}  what kind of movement do you go for?
[13:00] {Threei}  3 cents? 5? 20?
[13:00] {Threei}  because whole daily range for EXH is 20 cents
[13:00] {kschun} stop on 22, target 22.3
[13:01] {kschun} entry .15
[13:01] {Threei}  look at it from the common sense point of view:
[13:01] {Threei}  most active part of the day is behind us,
[13:01] {Threei}  and so far it has 20 cents range.
[13:01] {Threei}  What are the odds that it makes 15 from here?
[13:02] {RonS} depends on if dino is playing it...:)
[13:02] {kschun} yeah right, vola probably really to low
[13:02] {Threei}  well, we can try and get ese to buy half mil shares
[13:03] {Threei}  that would probably move this thing 6 cents
[13:03] {kschun} why - are dino and ese the BIG SHARE guys?
[13:03] {RonS} dino is a magician and ese plays pretty big sometimes...
[13:04] {Threei}  I like the chart on EXH, I just hate the range
[13:04] {Threei}  too narrow
[13:04] {kschun} o.k.
[13:06] {kschun} OEH - lagging. may trying bounce , stop .78. comments?
[13:07] {Threei}  you got any live ones?? :)
[13:07] {kschun} LOL
[13:08] {Threei}  whats with necrophilia
[13:08] {kschun} thought something like that would come..
[13:08] {dino} actg
[13:09] {dino} sm s .82
[13:09] {dino} bstop .02
[13:13] {kschun} NIHD 42.6 break?
[13:14] {dino} deck sm l .00
[13:14] {RonS} Deckers Outdoor Corporation (DECK) rated Overweight with price target $120 by Barclays Capital
[13:14] {Threei}  probaby, NIHD
[13:17] {kschun} ah, missed OVTI on 30 break. would have been aggressive entry, for a break after of .10
[13:17] {kschun} ese or dino moved OEH :-)
[13:18] {Threei}  6 cents
[13:18] {Threei}  haleluja
[13:18] {kschun} ROVI .60 ?
[13:18] {kschun} like you said :-)
[13:19] {Threei}  if holding above .90...
[13:22] {davd} vix at low of day - not that i care
[13:23] {kschun} VIX, VXN AND VXX really down. one sign of preffering long plays
[13:23] {kschun} internals o.k.
[13:23] {kschun} too
[13:23] {kschun} momentum internals o.k. too
[13:24] {kschun} BRCM  at 42
[13:25] {kschun} long BRCM AT42
[13:25] {kschun} target .15
[13:27] {rambler} Vad, which broker do you use....?
[13:29] {dino} out deck .31, +.31
[13:30] {Threei}  http://www.realitytrader.com/laser.html
[13:30] {kschun} @dino: you were short DECK  - right?
[13:30] {rambler} thanks...
[13:32] {dino} long deck, short actg
[13:32] {dino} l=long
[13:33] {RonS} 3i, if and when nak breaks out what would be your targets...1/2, 1/4, 1/4?
[13:34] {kschun} ROVI again approaching 56 - vad?
[13:35] {Threei}  I wouldn't expect it to move more than 50 cents in the best case scenario, Ron,
[13:35] {RonS} k
[13:35] {Threei}  and so far, support is .85
[13:35] {strider} cat
[13:35] {Threei}  so I would break it down as .15, .30, .45
[13:36] {Threei}  and it's alittle bit on optimistic side, frankly
[13:36] {RonS} thanks
[13:36] {kschun} BRCM out half
[13:36] {Threei}  ROVI, yes
[13:42] {strider} sh cat .83
[13:44] {dino} actg stopped -.20
[13:44] {strider} stop .92
[13:45] {kschun} NIHD approaching .60 again
[13:46] {strider} damn
[13:46] {strider} I don't know nuthin today
[13:46] {kschun} out 2nd half brcm
[13:47] {strider} bought the high
[13:47] {rambler} that was a close one Strider...
[13:47] {dino} deck sm l .72
[13:48] {kschun} bout ROVI before on .98
[13:49] {kschun} want to post all I do!
[13:49] {RonS} yeap
[13:49] {dino} deck stopped -.25
[13:49] {dino}  hmmm
[13:49] {kschun} however not feeling well in this trade. hate spread about mroe then 0.01
[13:51] {kschun} spread is like additional risk, additional commission...
[13:54] {kschun} may check out NE. lagging.
[13:54] {kschun} another push lower, making new low on 5 min and then trade long this bounce maybe making sence
[13:55] {kschun} o.k. guys, OUT rovi FULL.
[13:56] {Threei}  good
[13:56] {kschun} have to go. we still have visit today eve.
[13:56] {Threei}  nice clean setup, structure is place
[13:56] {Threei}  disciplined execution
[13:56] {kschun} thanks very much, will continue all I do and all I am watching next weak
[13:56] {Threei}  that's how mature traders operate
[13:56] {kschun} thanks to all, especially vad.
06[13:56] * Threei slaps kschun around a bit with a first degree of maturity
[13:57] {kschun} LOL
[13:57] {rambler} cya ks
[13:57] {kschun} really looking forward to post all my stuff next week.
[13:57] {kschun} cya
[13:57] {kschun} enjoy vads book on tape reading
[13:57] {kschun} by all
[13:57] {kschun} great weekend!
[13:57] {rambler} I'm trying....
[13:58] {rambler} it's like tough steak.....
[13:59] {dino} cya ks
[13:59] {rambler} need a nice bottle of shiraz....
[13:59] {dino} lol, i was thinking yeugling
[14:00] {dino} deck sm l .50
[14:09] {Threei}  NAK's stuck
[14:09] {Threei}  lest I be considered a poet
[14:11] {RonS} nak's offers are not moving...usually sellers get nervous and start hitting bids
[14:25] {dino}  out deck .91, +.41
[14:25] {rambler} nice...
[14:27] {dino} lucky spike
[14:28] {RonS} the name's of your dogs?
[14:28] {rambler} looked like it had legs there for a minute...
[14:28] {Threei}  lol
[14:29] {dino} lol
[14:32] {strider} lvs vad?
[14:32] {Threei}  don't see anything there...
[14:33] {strider} OK..I'm really blind today
[14:34] {patience} back into G
[14:36] {dino} hate to see deck ojn bad report
[14:39] {Threei}  no kidding
[14:39] {dino} deck sm l .10
[14:47] {dino} out deck .50, +.40
[14:47] {dino} too soon
[14:47] {RonS} ugg wampom
[14:51] {dino} dumb dumb, should've trailed
[14:51] {RonS} tzoo...late
[14:53] {dino} autc spike
[14:55] {Threei} Short Setup: IMAX  .50 break
[14:56] {strider} you scared it, vad
[14:58] {Threei}  I know... children run away screaming too... :(
[14:58] {Threei}  ROVI moves more
[14:58] {strider} stopped dead in its tracks
[14:59] {rambler} POIAK breaking out with vol...
[15:00] {rambler} ROIAK
[15:11] {RonS} rig rockin
[15:17] {RonS} X acting heavy...
[15:18] {Threei}  and IMAX is still threatening to break
[15:22] {strider} stop?
[15:22] {Threei}  .60 or .65
[15:22] {Threei}  both are valid
[15:33] {dino} deck sm l .86
[15:46] {dino} out deck .25, +.39
[15:47] {strider} out
[15:52] {dino} calling it a week, thx all, good times
[15:53] {Threei}  yeah
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a good weekend, see you all on Monday
[15:53] {rambler} cya dino...
[15:53] {dino} :D
[15:53] {strider} see ya
[15:54] {rambler} have a good weekend all............

Feb 24 2011

So-so day, with some trades working nicely, some stopped out, overall about breakeven.

Session Time: Thu Feb 24 00:00:01 2011
[08:49] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 391K V 405KE; CONTINUING CLAIMS: 3.79M V 3.880ME
[08:49] {Threei}  - Prior Initial Jobless Claims revised higher from 410K to 413K
[08:49] {Threei}  - Prior Continuing Claims revised higher from 3.911M to 3.935M
[08:49] {Threei}  - 4 week Avg claims: 402K v 417.8K
[09:00] {dino} gm all
[09:01] {Threei}  dino :)
[09:02] {_rambler} goodmorning...
[09:04] {Threei}  rambler :)
[09:05] {_rambler} how is the world looking this morning....
[09:05] {dino} 4 degrees f and sunny
[09:05] {RonS} gm...looking slick rambler
[09:05] {Threei}  ron :)
[09:06] {RonS} ...and i was thinking 22 was cold dino
[09:07] {ScottM} morning :)
[09:07] {Threei}  scott :)
[09:08] {dino} been averaging 6 degrees below normal for last three months
[09:09] {Threei}  that's global warmng speeding up, dino
[09:09] {dino} still have 2 feet snow on ground
[09:09] {RonS} anyone catch pcln at 391 in the ah?
[09:09] {Threei}  when it fully comes in effect, your summer will be Antarctic
[09:09] {dino} indeed
[09:11] {RonS} funny how high oil doesn't put a knock on pcln
[09:15] {ese} gm
[09:15] {Threei}  ese :)
[09:15] {Threei}  you OK there?
[09:15] {_rambler} gm ese
[09:16] {ese} in terms of .......
[09:16] {ese} power out somewhere?
[09:16] {Threei}  being buried in snow?
[09:16] {ese} rambler
[09:16] {Threei}  no, power may come an issue this evening, wind warning in effect :)
[09:17] {ese} were fine here...........4 wheel drive Land Rover Discovery solves alot of problems
[09:17] {Threei}  true
[09:18] {Threei}  spoke to a friend in Winnipeg yesterday, he was very amused when I said "gotta drive around, get some phtos with snow before it meltes away,,," said "weird problem to have - I can photograph snow for 5 months wuithout hurry"
[09:19] {ese} lol
[09:19] {larisa} gm :)
[09:19] {Threei}  larisa :)
[09:19] {larisa} vad, ese :)
[09:19] {Threei}  but I did get a nice one, will post later
[09:19] {ese} my only worries would be if the Wine speciality store closed down on Fort and Foul Bay streets
[09:19] {ese} laris
[09:20] {Threei}  btw, veeryone looked at yesterday's Catch of the Day?
[09:20] {RonS} yes
[09:20] {_rambler} y
[09:20] {ese} not yet
[09:20] {Threei}  and don't anyone dare to ask where it is
[09:20] {ScottM} yes
[09:20] {Threei}  cool
[09:20] {_cabogordon} newbie here. do i go into discussion or floor tab for trade idea's / thxs
[09:21] {Threei}  hi cabo
[09:21] {Threei}  everything is posted in both channels,
[09:21] {_cabogordon} good morning  / thxs
[09:21] {Threei}  #floor just doesn't have anything but my comments, for less clutter
[09:21] {ScottM} yesterday's play of day was great... too bad I was having technical probs at the time...:(
[09:22] {Threei}  so far my impression is,
[09:22] {Threei}  we are to have a recovery day today,
[09:22] {ese} welcome cab
[09:22] {RonS} but don't use it cabo...you need to see dino in action
[09:22] {Threei}  most likely startuing with pullback first thing after the open
[09:22] {Threei}  as those who want out use the bounce to sell into,
[09:23] {Threei}  then bulls take over and carry the flag
[09:23] {RonS} it all depends on the price of oil i'm afraid...
[09:24] {ese} and tea in china?
[09:25] {RonS} herd mentality in full swing it seems
[09:25] {Threei}  ain't it always
[09:25] {Threei}  targeting LVS for short
[09:26] {Threei}  stays in red as market went positive
[09:26] {RonS} i guess but it is often more subtle than now...
[09:26] {Threei}  SLW too, tends to move opposite to the market lately
[09:27] {Threei}  I'd also short Reid in his battle against prostitution as he is bound to lose it, but he is not publickly traded
[09:27] {ScottM} lol
[09:27] {ese} call me crazy but.......it seems like silver is becoming a bit of a hedge like gold or perceived in the same way last few years
[09:27] {Threei}  pretty much, yes
[09:28] {ese} or is it just us on the board playing it all the time
[09:28] {Threei}  ith nuances of coyrse, as silver has more industrial application than gold
[09:28] {RonS} reid could use a few...dingy harry...
[09:29] {ese} thats my perception
[09:29] {ScottM} I have a friend who pays little attention to financial markets who asked me to go with him yesterday to buy some silver
[09:29] {davd} mustang ranch to have a going out of business sale
[09:29] {dino} sign of top
[09:29] {ScottM} contrarian indicator???
[09:29] {dino} yes
[09:30] {Threei}  shoe shining boy indicator
[09:30] {jfjf64} mornin all
[09:30] {Threei}  aka cab driver indicator
[09:30] {ScottM} exactly
[09:30] {Threei}  jf :)
[09:30] {ese} symbol for Harley Davidson is the best symbol going...love it ...HOG
[09:30] {ese} jf buddy
[09:29] {jfjf64} time  to  make  the  donuts
[09:30] {ese} get them to us as soon as you can will ya....
[09:30] {dino} idcc
[09:30] {ese} am already done my first cup of coffee
[09:30] {jfjf64} 6 here
[09:31] {dino} water here
[09:31] {ese} Revs up profit dn idcc dino?
[09:31] {Threei} Short Setup: SLW  .60 break
[09:32] {jfjf64} lol
[09:32] {Threei}  feel free to cover if ou were lucky enough to catch it but I doubt
[09:32] {Threei}  and I didn't evcen have a chance to post short LVS .90 break, lol
[09:33] {Threei}  let's see if we get second chance
[09:33] {Threei}  LVS
[09:33] {Threei}  OK
[09:34] {Threei}  .85 short
[09:34] {Threei}  if stays under .95 scalpers
[09:34] {Threei}  45 day traders
[09:34] {dino} gap around 39
[09:34] {jfjf64} in
[09:34] {dino} idcc
[09:34] {Threei}  1:1 scalpers
[09:35] {Threei}  SLW touched .60 on bounce but again, way too fast
[09:36] {Threei}  not sure in short on the next bounce, time to switch to bottom fishing soon
[09:40] {Threei} Long Setup:  X  .30 break if stays above .20
[09:40] {Threei}  .20 break now
[09:40] {Threei}  if stays abolve .10
[09:41] {Threei}  sheesh
[09:41] {Threei}  same comment as to the first call - take profit if got it but I doubt anyone could
[09:41] {Threei}  things are hectci this morning
[09:42] {dino} itri sm l .30
[09:42] {_rambler} 10 bucks....
[09:42] {Threei}  X same play again
[09:43] {Threei}  CHK
[09:43] {Threei} Long Setup:  CHK  35 break
[09:43] {Threei}  if stays above 34.90
[09:45] {Threei}  no go X
[09:45] {Threei}  market in full recovery mode now
[09:45] {dino} buy the dips
[09:50] {Threei}  (GE) Germany Fin Min Schaeuble: Sees US debt problems as just as bad as those in Europe
[09:50] {jfjf64} tgt  sharp  pull bk
[09:51] {Threei} Long Setup:  LVS  .45 break if holding .90
[09:51] {Threei} Long Setup:  RIMM  .35
[09:51] {Threei}  RIMM 1:1
[09:51] {Threei}  half out and stop to under .30
[09:52] {Threei}  LVS invalidated
[09:53] {Threei}  let it drop under .80
[09:53] {Threei}  and another setup will be .80 recross if ho,ding .70
[09:54] {Threei}  not a scalp
[09:55] {Threei}  first exit is about .95
[09:56] {Threei}  1:1
[09:56] {Threei}  half out .94
[09:56] {jfjf64} ii
[09:56] {Threei}  offer 1/4 more around .05
[09:57] {RonS} got .80 to .97...thxs 3i
[09:57] {Threei}  :)
[09:57] {jfjf64} .97  ton
[09:59] {Threei}  finally something worked in a structured obtainable manner, not that hysterical jumping up and down reminding on crazy anthelope with turpentine up its butt
[09:59] {Threei}  out 1/4 more
[09:59] {Threei}  .14 last exit
[09:59] {Threei}  out
[09:59] {Threei}  nice and clean double bottom
[10:00] {ScottM} nice Vad
[10:00] {Threei}  *(US) JAN NEW HOME SALES: 284K V 305KE
[10:03] {Threei}  how about the precision of that exit
[10:03] {Threei}  2 cents under the high
[10:03] {jfjf64} nice
[10:03] {_rambler} verly nice
[10:04] {ese} expect nothin less cheif
[10:04] {ese} chief
[10:04] {Threei}  oh I am just trolling for "yeah, you can go home"
[10:05] {ese} dino did you get into idcc
[10:06] {Threei}  LVS starts looking like short into this bounce
[10:08] {dino} no
[10:09] {Threei}  LDK Hearing takeover chatter circulating
[10:09] {Threei}  ese, for you
[10:09] {dino} thats just ese's block buys
[10:12] {RonS} ldk sm l .05
[10:14] {ese} sure i wish......take over chatter....by whom
[10:14] {ese} i'm into this for 4k so far.....would be nice
[10:15] {Threei}  Fed's Bullard: Would "never say never" to more easing; Fed continues discussions on adjusting QE2
[10:15] {Threei}  - Q&A
[10:15] {Threei}  - Could stretch QE2 out to Q3 of 2011.
[10:15] {Threei}  - Higher inflation expectations are one of the successes of QE2.
[10:15] {Threei}  - Would prefer a meeting-by-meeting evaluation of QE2.
[10:15] {Threei}  - Oil prices, are a significant factor for households.
[10:18] {dino} ctrp sm l .51
[10:18] {Threei} Long Setup:  RIMM  .85 break
[10:18] {Threei}  half lot
[10:18] {Threei}  if stays above .70
[10:20] {Threei}  invalidated but looking for aggressive entry
[10:24] {RonS} LDK Solar calls active on renewed takeover chatter       02/24 08:24 AM
[10:26] {RonS} after looking at the options that headline is BS
[10:26] {ese} tks ron
[10:27] {ese} doesn't matter thing thing is heading up.......i smell money here
[10:27] {ese} this
[10:28] {ese} the weekly chart is a thing of beauty........might have to take a little heat but i got time
[10:28] {RonS} appears to be distribution so far...will start praying to the gods of dino
[10:29] {dino}  stops are the gods
[10:30] {RonS} and the goddesses?
[10:31] {dino} trailing
[10:31] {ese} lol
[10:31] {RonS} got it now...praying to the sirens of higher prices...
[10:32] {Threei}  uh
[10:32] {Threei}  oh
[10:33] {Threei}  (US) Moody's to analyze sovereign rating impact of the US as the country approaching the statutory debt ceiling
[10:33] {Threei}  - Believes in unlikely event of a default, that Congress and President Obama would take quick action and resolve the situation within a few days
[10:33] {Threei}  - Believes that the US has a several options to avoid missing a debt payment in the unlikely event that a political consensus could not be reached in time
[10:33] {ese} uh
[10:33] {ese} ohhh
[10:34] {RonS} get cajones and just do ti...that statement is gobbledygook
[10:34] {ese} dino and mags/ nemo et al......are gonna have to prop the country up
[10:35] {RonS} how and why these ratings agencies are in business is beyond me
[10:35] {RonS} where is the credibility?
[10:36] {RonS} sxci ripping
[10:37] {jfjf64} yep
[10:38] {Threei}  ugh LVS
[10:39] {Threei}  had right idea of shiort, never fiound setup
[10:39] {ScottM} LVS breaks  down at .70.... could go big I think
[10:40] {Threei}  45 break in retrospect was it
[10:41] {Threei}  wasn't really visible to me at the time
[10:41] {Threei}  but the power of hindsight...
[10:41] {ScottM} yes
[10:44] {Threei} Short Setup: RIMM  .50 break
[10:44] {Threei}  half lot
[10:47] {Threei}  1:1
[10:48] {strider} setting on vwap
[10:49] {Threei}  1:2.5
[10:51] {strider} out .25
[10:52] {Threei}  Just 9% Agree U.S. Has Worlds Best Tax System
[10:52] {Threei}  hmmm... I thought the % of those who never pay a cent but get rebates was higher
[10:52] {dino} those are the irs
[10:53] {Threei}  or they just think they should get bigger rebate?
[10:53] {RonS} rimm .52 to .22...thanks 3i
[10:53] {Threei}  1:3
[10:53] {Threei}  :)
[10:54] {ese} l ldk .04
[10:54] {_rambler} you still in RIMM Vad?
[10:54] {Threei}  no, out
[10:54] {_rambler} ya ha...
[10:54] {RonS} Followup:  100% have no idea what the tax system is since it is beyond understanding
[10:54] {jfjf64} lol
[10:56] {RonS} i maintain that if Congress was required to do their own taxes every year, and get audited by the IRS the system would change
[10:57] {RonS} dagdabit ldk breakout would ya...
[11:01] {Threei}  *DOE PETROLEUM INVENTORIES: CRUDE: +820K V +1ME; GASOLINE: -2.8M V +500KE; DISTILLATE: -1.33M V -1ME; UTILIZATION: 79.4% V 81.6%E
[11:07] {davd} aclu will be all over the guy that reported Khali
[11:07] {davd} racial profiling
[11:07] {RonS} who?
[11:08] {RonS} Khali?
[11:08] {RonS} the only khali i know is another of 3i's fave...khaliflower
[11:09] {Threei}  hmmm
[11:09] {Threei}  broccoli's cousin?
[11:09] {davd} check news - student in texas -
[11:14] {Threei}  wow
[11:14] {Threei}  RIMM
[11:14] {Threei}  why did we evcer cover it
[11:15] {ScottM} Ok LVS, time to pay me for my patience with you
[11:16] {RonS} out ldk -.15
[11:23] {jfjf64} slw  bounce
[11:23] {jfjf64} ?
[11:24] {Threei}  not yet, IMO
[11:29] {RonS} hey dave, the aclu couldn't find Lubbock...and if they did would leave immediately
[11:30] {davd} nah they love that crap
[11:30] {ese} just got back from dropping the kids off.......big time ice on the roads here vad......you say there is a wind storm coming
[11:30] {RonS} weat texas makes east wyoming look interesting
[11:30] {RonS} west
[11:31] {davd} east wy?  the least populated part of the least populated state?
[11:32] {RonS} actually the biggest town in wy are in the east
[11:32] {RonS} towns
[11:34] {RonS} those big windstorms in the northwest are really cool
[11:34] {_rambler} O.K. Vad...I'm back after quick run to school to deposit child in governments care..........
[11:35] {RonS} get a sustained wind of 60-70 mi/hr and all of the forest just bend and lay down
[11:35] {_rambler} bring on the trade of the day....
[11:35] {Threei}  hmmm
[11:36] {_rambler} RIMM looks good....still
[11:37] {_rambler} long RIMM here.....?
[11:38] {Threei}  nah
[11:40] {strider} l slw .30
[11:40] {strider} stop .25
[11:41] {RonS} is that allowed?
[11:42] {strider} apparently not
[11:52] {strider} covered short slw .15--.03
[11:58] {Threei}  you are complicated man
[11:59] {strider} you talkin' t' me?
[11:59] {strider} (in best de Niro accent)
[12:00] {Threei}  who else goes long at .30, then covers short at .15 for -.03 {GGG}
[12:00] {strider} noo no.
[12:00] {strider} covered long, then went short at .15
[12:00] {strider} exited at .03 for +.12
[12:01] {dino}  out ctrp .00, +.49
[12:01] {strider} stopped long, I should have said
[12:01] {strider} rimm looking short to me
[12:02] {Threei}  I need something stronger than kefir to untangle that
[12:02] {strider} two trades:  first long at .30, sttopped out at .24
[12:02] {strider} second trade: short at .15, covered at .03
[12:03] {strider} shoet rimm .20
[12:05] {strider} bidding .04
[12:05] {dino} idcc pretty good drop
[12:07] {strider} stop rimm +.03
[12:08] {Threei}  LVS
[12:09] {Threei}  watching for short into bounce
[12:11] {dino} idcc sm l .25
[12:11] {strider} jeez, lvs not in my short list
[12:15] {RonS} Brent crude nears $120 a barrel as Libya output falls
[12:18] {Threei}  Societe Generale CEO: European economy has improved more than expected; govts will do what is necessary to maintain euro unity - CNBC interview- Spain's situation is not the same as Ireland or Greece
[12:18] {Threei}  worse??
[12:25] {dino} out idcc .66, +.41
[12:26] {RonS} wtg
[12:26] {_rambler} G1 Dino....
[12:26] {dino} thx
[12:26] {Threei}  nice
[12:26] {dino} should've took .85, but thought it would break out
[12:29] {strider} sh fcx .21
[12:34] {_cabogordon} short opp on BW ?
[12:36] {strider} cover .07 +.14
[12:37] {Threei}  BW is horrble trader
[12:37] {dino} gj
[12:37] {Threei}  impossible to control risk
[12:42] {_cabogordon} an
[12:45] {strider} slb
[12:46] {strider} hrz haldted news pending
[12:47] {strider} halted
[12:47] {strider} there's one for you dino
[12:47] {Threei}  there is news
[12:47] {strider} approaching 100,000 shares already
[12:47] {Threei}  Horizon Lines Inc Halted; Plead guilty to price fixing to the DoJ
[12:48] {strider} picky picky
[12:49] {Threei}  Plead guilty to price fixing in the coastal water freight industry; will pay $45M criminal fine- Allegations stemmed from conspiracy to fix rates and surcharges for freight between the US and Puerto Rico from 2002 to 2008
[12:49] {dino} hate halts
[12:52] {strider} hal db interesting
[12:53] {dino} idcc sm l .08
[12:56] {_cabogordon} is threei the only shot caller or is dino and strider all part of mgmgt
[12:56] {strider} ahem
[12:56] {_cabogordon} ?
[12:57] {strider} :)
[12:57] {Threei}  people sgare their plays
[12:57] {_cabogordon} thanks for your patience towards the newbie, need to get the learning curve out of the way to see if i can find a home here
[12:57] {Threei}  share
[12:58] {Threei}  others observe and track, to see whose skills and style they are comfortable with
[12:58] {_cabogordon} thxs
[12:58] {Threei}  in a short while you'll see who plays what
[12:58] {Threei}  for instance, dino's plays are usually thinner stocks, higher risk, smaller lots, wider stops, farther targets
[12:58] {dino} cabo-wabo, 3i is paid caller. i just call my trades because it reinforces discipline for me
[12:58] {strider} missed a good c&h R
[12:58] {strider} IG
[12:58] {strider} RIG
[12:58] {Threei}  he also tends to play reversals more often
[12:59] {dino} idcc stop is .82
[12:59] {Threei}  my trades tend to be with tighter risk control, bigger lots
[13:00] {_cabogordon} you guys trading off a 5 or 15 min chart
[13:00] {Threei}  smaller stops and targets
[13:00] {Threei}  and more trend following
[13:00] {Threei}  1 min and daily here
[13:00] {strider} 1m/3m here
[13:00] {_cabogordon} scalping
[13:00] {dino} stop idcc
[13:01] {_cabogordon} need to adjust my interevals with you guys
[13:01] {Threei}  look at our trading logs
[13:01] {_cabogordon} my favs macd , rsi, bollengar and vol, off course candles
[13:01] {Threei}  there are often mini-lessons at the beginning
[13:01] {Threei}  illustrate our approach well
[13:02] {_cabogordon} thxs
[13:02] {_cabogordon} u guys trade the tape
[13:02] {Threei}  everyone trades the tape
[13:02] {Threei}  not everyone realizes it
[13:02] {_cabogordon} i have some dd to do
[13:02] {RonS} is nemo ill?
06[13:02] * Threei slaps nemo around a bit with a health-checker
[13:03] {strider} l fcx .38 1/2
[13:05] {strider} out .57 +.19
[13:05] {Threei}  see this play cabo?
[13:05] {Threei}  very typical for us
[13:06] {Threei}  consolidation, breakout, spike
[13:06] {Threei}  entry on break, exit into spike
[13:06] {Threei}  easy scalp
[13:06] {kschun} you mean the fcx play ?
[13:07] {Threei}  yes, by strider
[13:07] {kschun} yeap, nice setup
[13:08] {_cabogordon} was that a earlier call, i stepped away from screens earlier
[13:08] {Threei}  no
[13:09] {Threei}  he is all grownup, he found it all by himself
[13:09] {Threei}  we operate a bit differently from most chat rooms, you see
[13:09] {Threei}  we are not pure stock pickers
[13:09] {Threei}  our emphasis is on education
[13:09] {_cabogordon} clf
[13:09] {Threei}  we teach people how it's done
[13:09] {_cabogordon} catching a bid
[13:10] {Threei}  and make calls as illustrtation and reinforcement of the concept
[13:10] {Threei}  so it's normal to see folks making trades on their own and posting them
[13:11] {RonS} something to consider:  http://tinyurl.com/69w9b8p
[13:11] {Threei}  SA, yeah... psted it in the morning
[13:13] {Threei}  what the deuce.. strider didn't even retort to my "all grown-up" remark... feeling well there?? :)
[13:14] {RonS} ...cannot see gordon and not think of Gordon Pasha...
[13:15] {Threei}  students march in Canada, supporting Libya and sporting banners saying: Dictator, stop destroying our country
[13:16] {Threei}  I wonder how much damn dictator gives about them
[13:16] {RonS} Oh Canada...
[13:17] {dino} idcc rinsed
[13:17] {Threei}  http://www.realitytrader.com/vad/giveadamnprogress2mz.gif
[13:20] {RonS} kind of a C&H on the ldk intraday
[13:20] {Threei} Long Setup:  X  .65
[13:20] {Threei}  if not losing .55 anymore
[13:21] {RonS} oops
[13:21] {Threei}  invalidated, let's look for aggressive entry
[13:22] {Threei}  unclear above .50, better let it lose .50 and enter on recross
[13:22] {Threei}  if hoding .40
[13:22] {Threei}  here it is
[13:23] {Threei}  (US) Three Congressional Democrats urging US Pres Obama to release oil from strategic petroleum reserve (SPR)
[13:24] {patience} ha, didn`t i mention this to you....    :)
[13:25] {Threei}  Rare earth prices gain sharply as China reins in supply - Nikkei News
[13:25] {Threei}  - The price of neodymium, one of the raw materials for magnets used in hybrid-vehicle motors, has shot up 60% since December to 170-190 dollars per kilogram. Cerium, used to polish LCD-screen glass, has seen a 46% price hike. Dysprosium alloys are changing hands at a price 31% higher.
[13:25] {Threei}  - Negotiations between Chinese rare-earth producers and Japanese importers finally got underway recently, later than in a typical year because producers took longer to come up with offers. So far, Japanese users have been accepting high prices since many of them are anxious to secure supplies.
[13:25] {_cabogordon} threei , x was a L set up if 45.50 is taken out ?
[13:26] {Threei}  yes, and if kept above .40
[13:26] {Threei}  56.50 you meran
[13:26] {Threei}  mean
[13:26] {_cabogordon} correct. need to learn your language.
[13:27] {strider} good luck :)
[13:27] {Threei}  there is a dictionary of Threeish somewhere on the site...
[13:27] {Threei}  A is for bacon
[13:27] {RonS} voluminous w/ all the spelling possibilites
[13:27] {Threei}  you mean misspelling possibilities
[13:28] {_cabogordon} all the above
[13:28] {Threei}  cabo, we have a lot of free educational material on the site
[13:28] {Threei}  Free Lessons and Educational Blog
[13:28] {Threei}  take your time to go over those
[13:29] {_cabogordon} will review before my next series of dumb questions
[13:29] {Threei}  lol
[13:29] {Threei}  the only dumb question is: should I buy any of your paid courses
[13:29] {RonS} lol
[13:29] {Threei}  because the answer is resounnding yes, lol
[13:30] {_cabogordon} lol
[13:30] {Threei}  actually no... I just thought of another dumb question
[13:30] {Threei}  what is better for you, bacon or broccoli
[13:30] {Threei}  this is principled stance for me... broccoli is a root of all evil
[13:31] {Threei}  look at this and tell me, does the language sound familiar:
[13:31] {Threei}  (LB) White House Press Sec: In answering question on whether military intervention in Libya is an option, notes administration won't take anything off the table
[13:32] {Threei}  and this guy came to presidency critisizing Bush?
[13:32] {Threei}  word in word
[13:33] {RonS} this from a guy who gets busted up playing basketball?
[13:33] {_rambler} 3i, is Intelliscan part of the monthly fee or is it an extra...?
[13:34] {Threei}  fee for what?
[13:35] {_rambler} the monthly 299.00 or whatever it is ....
[13:35] {Threei}  room? no, scanner is a separate product
[13:35] {_cabogordon} how much is the chat room post trial
[13:35] {Threei}  http://www.realitytrader.com/tradingroom/
[13:35] {RonS} you haen't had your tial yet...nemo is silent
[13:36] {RonS} trial
[13:36] {kschun} doesnt matter how much it cost, one VAD-99%-HIT-RATIO-CALL and fee is in. :-)
[13:36] {kschun} no joke
[13:36] {_cabogordon} thats the way i see it / cheers
[13:36] {_rambler} everybody using Intelliscan........?
[13:37] {RonS} no
[13:37] {Threei}  hmmm... I can see kschun's personal rate going up ten-fold
[13:37] {RonS} i guess the swiss don't play poker
[13:37] {_rambler} anybody....?
[13:38] {kschun} nope, no poker :-) only trading
[13:38] {kschun} yeah, using same scanner _rambler.
[13:38] {kschun} priceless for what you get
[13:39] {kschun} could not trade without a real-time scanner
[13:39] {_rambler} good to know....Dino, are you using it?
[13:39] {Threei}  (LB) White House Press Sec: expects US action on Libya within days
[13:39] {kschun} VAD: please check out VIV short on 35.10. was this setup o.k.?
[13:40] {Threei}  about 15-17 min ago?
[13:40] {Threei}  yep, nice one
[13:41] {kschun} yeap
[13:41] {Threei}  aggressive entry for 35 break
[13:41] {kschun} not my favourite, was play against a strong sector. but setup think was o.k.
[13:41] {Threei}  exactly the way I'd play it
[13:41] {RonS} how do you pronounce that?...yeap
[13:42] {kschun} sorry, will find english way, = yeah :-)
[13:42] {Threei}  it's a "yep" said while jumping
[13:42] {Threei}  so it's a hybrid of yep and leap
[13:42] {RonS} rotflol
[13:42] {kschun} LOL
[13:42] {_rambler} Vad, is Intelliscan same same as Trade Ideas scanner....?
[13:43] {Threei}  told ya.. Threeish is a rich language
[13:43] {Threei}  it's the same engine,
[13:43] {Threei}  a few of our poprietary setup and my personal layout added
[13:43] {_rambler} so better....
[13:43] {Threei}  I'd say, added value
[13:44] {ese} i'm outta here all......am not really contributing much other than watching ldk.......cya tomorrow
[13:44] {Threei}  take care ese
[13:44] {RonS} cya ese
[13:44] {ScottM} trying Aig short @ .68 with small stop aove 75
[13:44] {ese} cya vad ron
[13:44] {_rambler} cya ese....
[13:45] {Threei}  lol
[13:45] {Threei}  swiss froze dadhafi assets
[13:45] {Threei}  gadhafi
[13:47] {davd} also froze mubarak assets
[13:48] {strider} it pays to watch where your assets.
[13:48] {Threei}  see the pattern?
[13:48] {Threei}  you are fine while you are in power, no matter how you make your money
[13:48] {patience} tsx tanking, 1300 broken thru on S&p
[13:49] {Threei}  but the day you lose your position, we are all suddenly so strict with morals
[13:49] {strider} wonder if this is the pullback starting?
[13:50] {Threei}  who knows... situation with mideast is too liquid
[13:50] {Threei}  if Saudi Arabia explodes, all bets are off
[13:50] {patience} or a hedge fund liquidation
[13:51] {patience} because gold and silver futures arent tanking, but stocks are
[13:53] {strider} RIG
[13:53] {kschun} LNC
[13:54] {strider} late
[13:54] {strider} wow look at that spread
[13:54] {strider} rig
[13:55] {strider} short .40
[13:56] {strider} 1/2 .24
[13:56] {Threei} Long Setup:  LVS  .10 break
[13:56] {Threei}  if holding 44
[13:56] {strider} 1/4 .12
[13:57] {Threei}  most likely just a scalp
[14:00] {strider} stop b/e on lasgt 1/4
[14:00] {strider} last
[14:00] {Threei}  1:1
[14:01] {_cabogordon} nice call LVS
[14:03] {strider} stop -.01
[14:03] {strider} last 1/4 rig
[14:03] {davd} oil dropping re uso
[14:04] {Threei}  1:2
[14:04] {Threei}  don't oversit it
[14:04] {Threei}  I am not too jazzed about sustained bounce
06[14:05] * Threei multiples kschun room rate by two
[14:06] {davd} drop poss re chem weapons w ghaddafi , per cnbc
[14:06] {strider} RIG is jumpy as a cat eating briars
[14:06] {kschun} MOTR read vad?
[14:07] {Threei}  short if anything
[14:07] {Threei}  daily is horrible
[14:07] {Threei}  intraday is not much better
[14:08] {Threei}  (LB) Kaddafi may have a stockpile of chemical weapons that he would consider utilizing - CNBC's Pisani citing Al Jazeera
[14:08] {Threei}  ahhh.. WMD...
[14:08] {Threei}  we have to go in
[14:08] {Threei}  everyone knows we are good at finding those
[14:08] {_rambler} giddy up....
[14:09] {RonS} ...to the shores of Tripoli...
[14:09] {kschun} SCO
[14:10] {davd} does cheney have ops there?
[14:11] {dino} yhoo gap fill jan
[14:13] {dino} davd, no, but xbox does
[14:15] {davd} good one dino
[14:15] {dino} :)
[14:16] {dino} out fosl .56, +.36
[14:16] {davd} gold dropping also re gld
[14:17] {strider} nas is green
[14:17] {davd} need a tissue strider
06[14:17] * strider slaps davd around a bit with a large box of kleenex
[14:18] {strider} pre-owned
[14:19] {strider} RIG c&h
[14:19] {strider} inverse
[14:20] {strider} too much support there
[14:22] {strider} bidding for long .09 rig
[14:23] {strider} cancel
[14:24] {strider} wanted a spike down, not a crawl down
[14:25] {strider} ahhhh
[14:29] {strider} slw pretty sad lookiing
[14:30] {strider} down 4.5%
[14:30] {kschun} was a great short setup earlier.
[14:30] {kschun} unbfortunately didnt have it on my list today
[14:31] {kschun} it is vad's fault, normally he is giving those calls :-)
[14:31] {strider} would have been hard to find an entry earlier in the day.
[14:32] {kschun} ? .70 break down was a reasonable trade in my op
[14:32] {kschun} however looking back and saying such stuff I hate...
[14:32] {kschun} so, I didn't say anything :-)
[14:32] {strider} didn't hear anything
[14:33] {kschun} LOL
[14:33] {Threei}  "it is vad's fault"... sounds soo familiar... is my wife here somehwre?
[14:33] {kschun} LOL
[14:33] {ScottM} lol
[14:33] {kschun} please vad, explain why you missed this call.
[14:33] {strider} it could be _notvad's wife
[14:33] {kschun} looking too similar to your kind of calls :-)
[14:33] {Threei}  yes sir
[14:34] {Threei}  I will get right to it sir
[14:34] {Threei}  explaining all my misses
[14:34] {Threei}  failts
[14:34] {Threei}  flaws
[14:34] {Threei}  shortcomings
[14:34] {kschun} ah, love this "sir" LOL
[14:35] {Threei}  briuef overview of all my failures will take about a year, full one - a decade... so, see you in 2021
[14:40] {strider} ewmg
[14:40] {strider} wmg
[14:40] {strider} ll.com: Warner Music being eyed by industrialist Len Blavatnik. LA Times reports
[14:45] {strider} if anhone can stomach a long on slw, it's in jbe setup
[14:45] {strider} anyone
[14:46] {strider} may be just a bear flag
[14:48] {ScottM} seems like more selling volume than buying volume in consolidation range (slw)
[14:56] {RonS} hearing unconfirmed rumor that Col G has been shot
[14:56] {Threei}  by one of loving sons?
[14:57] {patience} my thought too vad
[14:57] {RonS} ...a goat
[15:00] {dino} saw that on real money, unconfirmed
[15:02] {strider} slw short .20
[15:03] {Threei}  Algeria ends 19-year state of emergency
[15:03] {Threei}  lol
[15:05] {RonS} BENGHAZI, Libya - Libyan leader Moammar Gadhafi on Thursday blamed the uprising in his country on al-Qaida followers who give young Libyans hallucinogenic pills in their coffee to get them to revolt.
[15:05] {Threei}  sounds about right to me
[15:05] {RonS} yep
[15:05] {RonS} or yeap
[15:05] {dino} roflol
[15:06] {dino} i think somebody is slipping moammar something in his coffee\
[15:06] {strider} out 1/2 .14
[15:07] {RonS} the guy looks like a puff pastry...i mean come'on man...
[15:08] {RonS} ...and those teefs...can't he afford caps?
[15:09] {Threei}  he is too manly for that
[15:09] {dino} looks like he's playing for the other team
[15:10] {strider} 1/4 .08 +.12
[15:11] {strider} stop bal to .25
[15:13] {kschun} bal? spread like 0.3?
[15:14] {strider} huh?
[15:15] {kschun} symbol you trade is BAL?
[15:15] {strider} no. bal=balance
[15:15] {strider} of position
[15:15] {strider} in slw
[15:15] {Threei}  capitalize the symbols...
[15:15] {RonS} bal=balnace  as in the balance of his position since he sold a quarter
[15:15] {Threei}  helps with confusion
[15:15] {kschun} ... sorry. :-)
[15:15] {kschun} just switching chats, so I got confused... :-)
[15:16] {strider} OK/  but you gotta do that too, vad. :)
[15:16] {Threei}  'cause I had this unpleasant experience, when a russian speaking girl asked me what I played, and I saud "long dura"
[15:16] {Threei}  now... there was a stock DURA
[15:17] {Threei}  but since I never capitalized it, she took it literally,
[15:17] {Threei}  and dura in russian is "she-fool
[15:17] {strider} out last .95 +.25
[15:17] {RonS} nice trade and job strider
[15:18] {Threei}  she was very insulted but the sentence that translated literally meant "I am long, you fool"
[15:18] {Threei}  but = by
[15:18] {strider} thanks ron, I think it's going on down, but no more shares.
[15:19] {RonS} wow...ese is singing now...ldk
[15:19] {Threei}  nice
[15:20] {strider} you know I boiught that on the wrong side of the channel vad.
[15:20] {strider} whould have been aggressive entry
[15:20] {strider} should
[15:20] {strider} for stop security
[15:21] {Threei}  a bit, yeah
[15:21] {strider} I mean sold it
[15:25] {davd} crisis averted.  what took so long?
[15:26] {Threei}  there was crisis?
[15:27] {dino} dji wants green
[15:27] {Threei}  see SLW dropping like a stone while market goes green?
[15:28] {RonS} remind me to tell ese about BOOM...i think they make explosives
[15:28] {Threei}  lol
[15:29] {RonS} oil futes at 96...-7 from overninght
[15:31] {Threei}  second-largest city is taken by protesters
[15:31] {Threei}  guy is done
[15:31] {Threei}  put a fork in him
[15:31] {kschun} lol :-)
[15:32] {dino} have to leave early, letting itri ride
[15:32] {Threei}  ukrainian nurse is looking for work
[15:32] {strider} what does she look like?
[15:33] {RonS} lol
[15:33] {Threei}  dunno, but they say:
[15:33] {Threei}  voluptiuos
[15:33] {Threei}  blonde
[15:34] {kschun} any read in RIMM vad?
[15:35] {Threei}  up off pullback
[15:35] {Threei}  the close to 66 you can get it the better
[15:37] {RonS} quote of the day:  if they just "Weekend at Bernie's" Gaddafi would anyone be able to tell?
[15:44] {Threei}  RIMM is ready
[15:44] {Threei}  .05 long
[15:45] {Threei}  if stays above .95
[15:51] {Threei}  invalidated
[15:51] {Threei}  and too close to end for short
[15:51] {_rambler} dang durn darn....
[15:52] {Threei}  indecisive day
[15:52] {Threei}  coud be putting a bottom to pullback, and could be just a pause on the way down
[15:52] {Threei}  no way to tell
[15:54] {Threei}  SLW
[15:54] {Threei}  wow
[15:59] {_rambler} well, that's a wrap....
[16:00] {Threei}  thank you all
[16:00] {strider} thanks vad
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {ScottM} take care
[16:00] {larisa} bye :)
[16:00] {_rambler} how would you rate this day Vad, 1 to 10 scale....
[16:00] {Threei}  4
[16:01] {_rambler} that's how it feels to me as well...
[16:02] {_rambler} thanks , see you tomorrow, GN all....
[16:02] {kschun} night and thanks to all!
[16:02] {_rambler} check out SLW....
[16:02] {strider} SAUDIS TO RESCUE; VOW TO PUMP MORE
[16:03] {strider} Oil dropped sharply following Saudi Arabia's assures it could fill any Libyan supply shortfalls and unconfirmed rumors Libyan leader Muammar Gaddafi had been shot.