Wednesday, April 18, 2012

Apr 18 2012

Perfect day with a single 6 cents stop and a whole lot of trades working one after another, majority of them being much more than scalps. Did I say it was a perfect day?

Session Time: Wed Apr 18 00:00:00 2012
[09:02] {Threei}  IMF Global Financial Stability Report (GFSB): Sovereign bond markets remain fragile; European banks are risking a new global financial crisis
[09:02] {Threei}  new? what happened to old one?
[09:15] {dptl} good morning
[09:15] {Threei}  dp :)
[09:15] {Threei}  your heart is not racing anymore?
[09:15] {dptl} :)....i have nice medicine
[09:16] {MigC}  good morning
[09:17] {Threei}  migc :)
[09:18] {Threei}  I can't believe I still remember how to do this crap... it's so 1998
[09:24] {Les} morning
[09:24] {Threei}  les :)
[09:24] {Beau} good morning you all
[09:24] {Threei}  beau :)
[09:26] {dino} gm
[09:26] {Threei}  dino :)
[09:26] {ese} morning....
[09:27] {Threei}  ese :)
[09:28] {ese} if this were an up day dino i'd expect sprd to take off if it breaks yesterdays high
[09:28] {ese} morning vad
[09:28] {ese} don't think thats going to happen
[09:30] {dino} hmm
[09:31] {Threei} Long Setup:  FCX  .55 break
[09:31] {Threei}  hl
[09:33] {Threei}  change to .50 if stays above .40
[09:35] {Threei}  calid again
[09:35] {Threei}  valid
[09:35] {Threei}  target .75 - .80
[09:35] {Threei}  1:1
[09:36] {Threei}  1:2
[09:36] {Threei}  target hit, out
[09:38] {ese} nice call vad fcx.....
[09:38] {Threei}  ty
[09:38] {ese} got distracted....didn't get in....too bad
[09:39] {ese} classic cheap shares reverse
[09:39] {Threei} Short Setup: X  .40 break
[09:39] {Threei}  if styas under .50
[09:40] {Threei}  not yet
[09:42] {dino} met l .90
[09:44] {Threei} Long Setup:  SLW  .05 break
[09:44] {dino} stop met -.03
[09:45] {Threei}  if stays above .95
[09:47] {Threei} Long Setup:  LVS  .10 break hl
[09:47] {Threei}  invalidated
[09:48] {Threei}  so is SLW
[09:49] {Threei}  LVS, change to 60 break
[09:49] {Threei}  invalidated again
[09:49] {ese} L seed .07
[09:50] {ese} sorry bit of a late call
[09:50] {ese} volitile was watching the L2
[09:51] {ese} out 1/2 .17 +.10
[09:51] {ese} balance to b/e
[09:51] {Threei} Long Setup:  CAT  109 break hl
[09:51] {Threei}  if stays above .85
[09:53] {Threei}  trail to .89
[09:53] {nemo} how you get .85 for stop?
[09:53] {ese} out in full .24 +.17
[09:54] {Threei}  1:1
[09:54] {Threei}  can't show on the chart, ,ovements that made it a support happened within 1 min... had to watch Level 2
[09:55] {_soccer34k} What do you mean when you say "hl" and "1:1"?
[09:55] {Threei}  1:2, out in full
[09:55] {Threei}  hl = half lot
[09:56] {dino} sprd l .51
[09:56] {ese} tnp dino
[09:56] {Threei}  about 1:1 etc, please go to and scroll down to How Trading Room Operates
[09:56] {Threei}  1:3... exited too soon
[09:57] {_soccer34k} Ahh got it, I think i read that yesterday-stupid me
[09:58] {Threei}  hey, all day traders have memory span of a fish
[09:58] {Les} what were we talking about?
[09:58] {Threei}  except me - mine is one of a moth
[09:58] {Threei}  who is Les?
[09:58] {ese} ya.....been on this board for 5 years and my memory is shorter yet
[09:58] {nemo} he's dead, remember the gravestone?
[09:58] {Threei}  lol
[09:59] {ese} lol...........
[09:59] {nemo} where is that?
[09:59] {dino} tnp gap 6.71
[09:59] {ese} ya
[09:59] {dino} clne l .20
[10:00] {dino} tnp secondary
[10:00] {Threei}
[10:01] {ese} L tnp .19 sm
[10:01] {Les} slw
[10:01] {Threei}  SLW again shows a lot of relative weakness
[10:01] {Threei}  looking for a short entry
[10:02] {dino} atk drop
[10:02] {nemo} bullet mfg drop! wtf
[10:03] {Threei} Long Setup:  FCX  .80 break
[10:03] {Threei}  if stays above .70
[10:03] {dino} sprd stop -.12
[10:05] {Threei} Short Setup: SLW  .75 break
[10:06] {Threei}  stop above .85
[10:06] {Threei}  not a scalp for me
[10:06] {Raven} where did you get that gravestone ???
[10:06] {Threei}  unlike FCX which is most likely just a scalp
[10:06] {Threei}  ummm... you sent it to me a few years ago :)
[10:07] {Raven} it is copyrighted!
[10:07] {Threei}  why, looked too familiar?
[10:07] {Threei}  by whom?
[10:07] {Raven} ME
[10:07] {Raven} lol
[10:07] {Threei}  well... since YOU sent it to me... I guess you forfeited that :)
[10:08] {Raven} oh well :)
[10:08] {Threei}  but if someone pays me for viewing that, I promise to share
[10:08] {Raven} memories of Tombstone, AZ
[10:08] {Les} as in the film tombstone?
[10:09] {Raven} I guess they made that there, yes
[10:09] {Threei}  FCX 1:1
[10:10] {Threei}  SLW acts like a good salmon
[10:11] {Threei}  FCX scalp designation was right
[10:11] {Threei}  1:1 SLW
[10:11] {Threei}  first partial
[10:11] {Threei}  stop to .76
[10:12] {Les} slv potential db here
[10:14] {cipher} atk l .00
[10:16] {dino} l hig .05
[10:16] {dino} sm l sina .00
[10:18] {nemo} if it drops your stop, looks real short on the daily
[10:19] {Threei}  1:2
[10:19] {Threei}  1/4 more out
[10:19] {Threei}  stop to .71
[10:21] {ese} gotta go cya tomorrow....still L tnp stop in at  .03
[10:21] {Threei}  take care ese
[10:21] {Threei}  gotta decide now, to take it all off at 1:3 or trail and try for more
[10:22] {nemo} trail stop to .60
[10:22] {Threei}  we have what today, 4 out of 5?
[10:22] {Threei}  good buffer of fat
[10:22] {Threei}  I'd say, let's see if we can squeeze more out of the last piece
[10:23] {Threei}  it's remarkably weak, and market reverses down as well
[10:23] {Threei}  stop .66 at this point
[10:26] {Threei}  well, matter resolved itself, lol
[10:28] {nemo} slw should get to .80 area, then might be re shortable
[10:29] {nemo} tna might be long above .40 if spy goes above .75
[10:30] {Threei}  *(US) DOE CRUDE: +3.86M V +1ME; GASOLINE: -3.67M V -500KE; DISTILLATE: -2.9M V -500KE;
[10:30] {nemo} oil should go up a coupla bucks on that
[10:32] {dino} out hig .12, +.07
[10:33] {cipher} tna l .20
[10:34] {cipher} out 1/2 .40
[10:34] {cipher} out in full .54
[10:35] {Les} good move
[10:35] {Les} bullish divergences abound in that setup
[10:35] {Threei}  wtg
[10:35] {cipher} thx for the idea nemo 
[10:36] {cipher} out atk .19 +.19
[10:38] {nemo} yw cipher
[10:38] {nemo} just about came back to the low
[10:38] {Threei}  beaitiful morning so far, with almost every trade working like charm
[10:39] {nemo} notice how spy broke below pivot but immediately recaptured it
[10:40] {Les} what do you call it? Bear sodomy?
[10:40] {cipher} lol
[10:42] {nemo} ursine sodomy
[10:42] {nemo} yes
[10:42] {Les} right
[10:42] {nemo} and of course there's taurine excrement
[10:43] {Les} now you're just talking dirty
[10:44] {nemo} yeah, as the Merovingian said about talking in French, it sounds like you're wiping your ass with silk
[10:44] {nemo} we're gonna rip
[10:45] {dino} whr sm l .20
[10:46] {Threei} Short Setup: FSLR  22 break hl
[10:48] {Threei}  if stays under .15
[10:51] {dino} out whr .50, +.30
[10:52] {Threei}  gj
[10:52] {dino} ty
[10:55] {Les} yeh right
[10:55] {nemo} wow, guess you had to buy this side of the trigger
[10:55] {Les} had to be in it to win it
[10:58] {nemo} hal is gonna go
[11:04] {Les} lvs breakout failure here?
[11:04] {Les} 60 short?
[11:04] {Threei}  not sure
[11:05] {Threei}  anyone went for FSLR conservative entry?
[11:05] {Threei}  after the bounce?
[11:05] {Threei}  whoa
[11:05] {Threei}  what's up
[11:06] {Threei}  or in this cadse, down
[11:06] {Les} HAL .20 b/d was good setup
[11:06] {Les} inverted c&h on iwm?
[11:06] {nemo} notice it's strength in this fall
[11:07] {Les} 3 min chart
[11:11] {nemo} mmmmhhh, tna again maybe
[11:11] {nemo} nothing convincing yet though
[11:11] {Threei}  no...
[11:12] {Threei}  let SPY form double bottom
[11:12] {nemo} if it gives you a double here
[11:12] {Threei}  it bounces on decreasing volume, not a good place to enter long
[11:13] {nemo} futures getting hit
[11:13] {Threei}  here we go... if SPY holding .60, you'll get TNA entry
[11:13] {Threei}  if loses, stay away for now
[11:14] {Threei} Long Setup:  TNA  56 break hl
[11:14] {Threei}  if holds .90
[11:14] {nemo} spy gonna test it's bottom
[11:14] {Threei}  invalidated by SPY losing .60
[11:15] {Threei}  FSLR changes to long play meanwhile
[11:15] {Threei} Long Setup:  FSLR  22 break hl
[11:15] {Threei}  if stays above .90
[11:16] {nemo} liking tna above .90 but not sure spy holds .50
[11:17] {nemo} in .91
[11:19] {nemo} 1/2 out
[11:19] {Les} 15 min pos crossover. could be big move
[11:21] {nemo} I'm out
[11:27] {Threei} Long Setup:  TNA  56 break hl
[11:28] {Threei}  if holds .90
[11:28] {Threei}  1:1 in a blink of eye
[11:28] {nemo} yeah, before you could grab it ;)
[11:28] {Threei}  why, it was obtainable
[11:28] {Threei}  didn't spike throuhg levels
[11:28] {nemo} i heard the beep, looked over and it had broken
[11:29] {nemo} np
[11:30] {nemo} spy has to test the pivot again
[11:35] {nemo} get's interesting here as iwm comes to bottom so does spy
[11:35] {nemo} fslr interesting too
[11:36] {nemo} took small fslr .70
[11:36] {nemo} .59 stop
[11:37] {nemo} mmmhhh...don't think fslr was a good idea
[11:37] {nemo} loing tna .81
[11:37] {nemo} loing
[11:37] {nemo} oh vad
[11:38] {nemo} 1/2 .92
[11:38] {nemo} I'm scratching flsr
[11:39] {Threei}  it was a good entry, I was just late to alert
[11:40] {nemo} on what?
[11:40] {Threei}  TNA .80 break
[11:40] {nemo} ahhh
[11:41] {nemo} I"m playing this safe though I'll give it to .74
[11:43] {nemo} damn, fslr might work
[11:43] {dptl} rvbd .90 break?
[11:43] {nemo} mmmhh, should I take some more
[11:44] {Threei}  worth a try RVBD
[11:44] {dptl} in .91
[11:44] {dptl} .84 stop
[11:45] {nemo} I got support around .78
[11:45] {nemo} took another 1/4
[11:46] {nemo} stop .79 for the last
[11:48] {Threei}  beautiful trade
[11:49] {Threei}  clean double bottom setup, state of art
[11:49] {nemo} ;)
[11:49] {Threei}  amazingly easy day, just as we like them
[11:49] {Threei}  not like work at all
[11:50] {nemo} it was a gap but not a gap trend day
[11:51] {Threei}  yup
[11:52] {nemo} don't like the time, but spy break north here would be an add on
[11:53] {nemo} having said that spy pivot and vwap at .72, might not do much more at lunch
[11:53] {Threei}  I'd trail stop to .95
[11:53] {Threei}  and wait to see if it can break .20 and spike
[11:54] {_soccer34k} missed TNA :-/
[11:54] {nemo} I think spy goes to .72 so iwm should go with it, I just don't think it justified taking another lot
[11:54] {_soccer34k} damn...
[11:54] {Threei}  there
[11:54] {nemo} well, overthought that, didn't I
[11:54] {Threei}  exit as you see fit
[11:54] {Les} nice one
[11:54] {nemo} .55 my target
[11:54] {Threei}  a lot of fish around soccer... don't get upset
[11:55] {Threei}  trading is not an event, it's a process
[11:55] {_soccer34k} missed your guys 2 biggest calls but still up a little on the day, im learning
[11:55] {Threei}  no single trade is as significant that it would be worth getting worked up about
[11:56] {_soccer34k} X killed me
[11:56] {nemo} I'm taking it here, looking at iwm we're at vwap and MPP
[11:56] {_soccer34k} shouldn't have triggered
[11:56] {Threei}  X? how?
[11:57] {_soccer34k} messed it up. Still learning how to use sterling platform and I hit MKT order by mistake
[11:57] {Threei}  if I remember correct it was invalidated... but even if not, 10 cents stop?
[11:57] {Threei}  awwww
[11:57] {Threei}  ugh
[11:57] {nemo} I love hitting buy when you mean sell, myself
[11:57] {_soccer34k} yeah, it happens lol
[11:57] {nemo} Ya know what, I bet that was the bottom for the day
[11:58] {Threei}  well... each has his own favorite mistake
[11:58] {Les} mine is getting up each morning
[11:58] {Threei}  dp for instance likes falling asleep wiht open position 30 seconds before market close
[11:58] {dptl} lol
[11:59] {Threei}  so he has to manipulate thin level 2 after close to get out
[12:00] {Threei}  but I forgive him... he brough me a present ese still remembers fondly, glass AK-47 filled with vodka... and he laughs at my jokes
[12:00] {Threei}  which is more than can be said about 99% of those who know me
[12:03] {Threei}  dp, I don't know about this RVBD anymore... it lost determination and turned into jellyfish
[12:03] {dino} uri spike
[12:04] {dptl} ye...
[12:04] {nemo} mmmhhh, flag play tna here?
[12:04] {Threei}  from between .10 and .20 yes
[12:05] {Threei}  above .20, coin toss
[12:05] {Threei}  I'd take scalp RVBD
[12:05] {dptl} out rvbd
[12:05] {Threei}  not worth it
[12:06] {Threei}  view this spike as "it let me out"
[12:06] {dptl} :)
[12:11] {Threei}  TNA becones interesting
[12:11] {dino} whr sm l .15
[12:11] {Threei} Long Setup:  TNA  .05 break
[12:11] {Threei}  hl
[12:11] {Threei}  .95 stop
[12:12] {dptl} in
[12:12] {nemo} ballsy
[12:13] {nemo} playing natural whole number support?
[12:13] {Threei}  1:1 is c,lose enough
[12:14] {Threei}  lunch time scalp, out
[12:14] {Les} ty sir
[12:14] {Threei}  pretty much, but most importantly:
[12:14] {nemo} actually, might get more out of it than you think
[12:14] {Threei}  it fell good 40 cents in that natural support
[12:14] {Threei}  with practically no bounce
[12:14] {nemo} kinda nice bull flag on spy
[12:15] {Threei}  and at this time of the day I wouldn't expect this much determination and momentum, it was bound to bounce
[12:15] {Threei}  welcome les
[12:15] {Threei}  dp, look at RVBD... chinese watr torture would have still be on, lol
[12:16] {dptl} ye,,,glad to be out with few cents
[12:18] {dptl} tck?
[12:18] {Threei}  ahhh.... here is where that selling came from:
[12:18] {Threei}  . In Europe, indices are heading for the close just off their lows as investors sell ahead of Thrusday's dreaded French and Spanish bond auctions
[12:18] {nemo} futures volume is ridiculously low, any volume can push the indices anywhere
[12:18] {Threei}  not delighted by the range, TCK
[12:18] {Threei}  a bit too narrow
[12:19] {nemo} wpi on the 15 minute
[12:19] {dptl} k
[12:19] {Threei}  another water torture stock that can keep you a hostage for hours
[12:19] {nemo} damn, that looks like it's going to grind higher
[12:20] {nemo} low volume though
[12:25] {Threei}  Only 49% Say Their Home Is Worth More Now Than When They Bought It
[12:26] {Threei}  mine certainly is...
[12:26] {Les} I'm with them...
[12:26] {Les} what recession? :)
[12:32] {Threei}  my feel is, we are going to get some panic soon
[12:32] {Threei}  watching TZA for entry on pullback to or under .20
[12:35] {dino} uri crazzzzyyyy
[12:38] {dino} whr to .50
[12:40] {Les} back at 3pm. cheers
[12:41] {dino} whr stuck to .55
[12:41] {dptl} fcx??
[12:42] {Threei}  no news
[12:42] {dino} out +.40
[12:42] {Threei}  no idea why it decided to go the moon
[12:42] {dptl} and volume
[12:44] {Threei}  ok TZA
[12:44] {Threei} Long Setup:  TZA  .20 break
[12:44] {_soccer34k} you in TZa/
[12:44] {_soccer34k} ?
[12:44] {Threei}  if stays above .15
[12:44] {dptl} in .21
[12:45] {_soccer34k} in .20
[12:46] {Threei}  two supports, equally important, .15 and .10
[12:46] {Threei}  I prefer tighter stop and multiple attempts if needed
[12:46] {Threei}  idea is to start partialling near .30
[12:47] {Threei}  and hold part for all-out break
[12:52] {Threei}  SPY break of .60 support should do the trick
[13:04] {Threei}  SPY doesn't break support for now
[13:05] {Threei}  TZA is not likely to work this time
[13:13] {Threei}  main problem is how to keep my eyelids open... toothpicks don't help
[13:16] {Threei}  ok... .25 break WILL wake me up
[13:17] {Threei}  (EU) OECD's Gurria: Eurozone recession not expected to be deep or last for a long time
[13:17] {Threei}  nope... Eurozone will fall apart, so...
[13:17] {nemo} super glue or nail gun
[13:19] {nemo} wow fcx
[13:20] {nemo} think two way here vad
[13:21] {Threei}  I know you have a dirty mind
[13:21] {nemo} nah, that would be threeway
[13:21] {Threei}  oh, you mean FCX...
[13:21] {nemo} leave bunny out of it
[13:22] {Threei}  I don't know... no opinion on it
[13:22] {Threei}  on FCX, not bunny
[13:23] {nemo} she sat there and watched me clean her cage, weird
[13:25] {nemo} shirt
[13:25] {nemo} short .39
[13:25] {nemo} stop above .46
[13:25] {nemo} smal lunch
[13:28] {nemo} mmmhhh spy and iwm drop, fcx does not
[13:31] {nemo} drops .37 should get a little momentum
[13:32] {nemo} Ya know, this whole Kardashian stuff, just don't get it
[13:32] {Threei}  half out
[13:32] {nemo} of what
[13:32] {Threei}  sheesh... investor stuff...
[13:32] {Threei}  TZA, jeez
[13:32] {nemo} oh, must have missed that
[13:33] {Threei}  12:46] {Threei} idea is to start partialling near .30
[13:33] {nemo} told ya' I was cleaning bunny's cage, taking a break from the screen
[13:33] {nemo} 1/2 out fcx .30
[13:33] {dptl} out half
[13:34] {nemo} what you an investor to Mr tl?
[13:34] {dptl} where is your stop now Vad?
[13:34] {Threei}  .19
[13:35] {dptl} ok ty
[13:35] {Threei}  next target if above .35
[13:35] {Threei}  and then will try to decide what to with last one
[13:35] {Threei}  soccer, you are good?
[13:36] {nemo} my stop .42
[13:38] {Threei}  out 1/4 more
[13:38] {Threei}  .38
06[13:38] * nemo whacks fcx with a crane bucket
[13:39] {dptl} me too .38
[13:39] {Threei}  like fish in a barrel today
[13:39] {dptl} stop for last under .30?
[13:39] {Threei}  I lost count of winning trades today
[13:39] {Threei}  a lot out of a lot
[13:40] {Threei}  yes, .29 stop
[13:41] {dptl} ty
[13:44] {nemo} taking some more here on fcx
[13:44] {nemo} 1/4 left
[13:44] {Threei}  nice one
[13:45] {nemo} thinking it might be getting close to a long depending on indexes
[13:46] {nemo} stop .32 for now
[13:47] {Threei}  oh boy
[13:48] {Threei}  read this
[13:48] {Threei}  (DE) German Chancellor Merkel: unhappy that financial markets have not contributed to resolving the financial crisis
[13:48] {Threei}  wtf, are you thisid?
[13:48] {nemo} mmhhh, i don't get it
[13:48] {Threei}  markets do not controbute to your purposes, chancelor... or anyone else
[13:49] {Threei}  they reflect summarized viewson the future developments
[13:50] {Threei}  but of course you need pretext for your idiotic financial tax or some other regulation tightening
[13:50] {Threei}  unfrikinbelievable lack of understanding of anything
[13:57] {_soccer34k} sorry guys I had to sell TZA early bc I had a meeting but still made a profit. Damn real job....
[13:57] {dptl} stop to .34
[13:57] {Threei}  argh
[14:01] {nemo} spy looking like might be getting ready to reverse a bit
[14:01] {nemo} stop is .26 on fcx
[14:03] {nemo} that was a timely stop move
[14:04] {nemo} maybe not, might have been hunting my stop
[14:04] {nemo} they're always out to get me
[14:04] {Threei}  and even if you are paranoid, it doesn't mean they are not after you
[14:05] {sciborg} Hey everyone..I am late today.. Did I miss all the wins ? $$ 
[14:05] {nemo} rigth
[14:05] {Threei}  oh boy sciborg
[14:05] {Threei}  you have no idea
[14:05] {nemo} yeah, go back to your hive
[14:05] {sciborg} lmao
[14:05] {Threei}  every frikin trade worked like charm
[14:05] {nemo} bastids got my stop
[14:05] {sciborg} wow Awesome $$$$
[14:05] {nemo} looks like spy going to pivot
[14:06] {dptl} all out tza
[14:06] {Threei}  you couldn't pick worse day to miss... :(
[14:06] {dino} whr sm l .90
[14:21] {dino} fire spike
[14:27] {Threei}  gwtting interested in TZA again
[14:28] {nemo} not seeing the weakness in spy and iwm, maybe for a scalp
[14:30] {nemo} I feel like there's more upside coming
[14:30] {nemo} actia;;u. O tjoml bu tp,prrpw we
[14:31] {nemo} sorry
[14:31] {nemo} actually think we challenge week highs by tomorrow looking at 15 minute charts
[14:34] {Threei} Long Setup:  TZA  .10 break
[14:34] {Threei}  if stays above .05
[14:37] {dptl} in
[14:37] {sciborg} in
[14:38] {Threei}  play on double topping SPY, needs SPY to lose .80 to shine
[14:40] {Threei}  hard to tell scalp or more
[14:42] {nemo} .72 vwap and support for spy
[14:42] {nemo} .21-.25 for iwm
[14:58] {nemo} o.k. iwm is topped in this range by 23.6% retracement of march bottom to the high, and the vwap at .25, isn't this fun Aaaaaand...80.30 is the QPP
[14:58] {nemo} SPY MPP is 139ish, think we go there
[14:59] {Threei}  no worky
[14:59] {dptl} out
[14:59] {nemo} nobody believes me
[15:00] {Threei}  hello Cassandra
[15:01] {nemo} bunny calls
[15:01] {nemo} shooting elastics at her
[15:02] {nemo} interesting, that is a low momentum spike
[15:06] {Les} what are we in?
[15:06] {Threei}  coma
[15:06] {nemo} OH, Les, if they'd only listened to me
[15:07] {Les} tight range I see
[15:15] {dptl} dish for bounce  may be?
[15:17] {Threei}  no clear setup
[15:19] {nemo} mmmhh, it kinda played out:  [15:04] {nemo} interesting, that is a low momentum spike
[15:19] {nemo} this is the defecate or exit the loo point for IWM
[15:20] {nemo} both spy and IWM looking bounce here
[15:22] {dino} whr stop -.33
[15:25] {Threei}  When Facebook CEO Mark Zuckerberg announced that the company was acquiring photo-app Instagram for $1 billion, the news was quick and shocking, but what happened (or didn't happen) behind closed doors is even more jaw-dropping.
[15:25] {Threei}  According to the Wall Street Journal, when discussions with Zuckerberg began, Instagram CEO Kevin Systrom originally asked for $2 billion. Ultimately, this amount was cut in half, although the final price was nothing for a small start-up to scoff at, especially since they had yet record any revenue themselves, reports CNet.
[15:26] {Threei}  It wasn't until the two CEOs came to an agreement that Zuckerberg informed Facebook's board of directors. A source stated that the young CEO, who accounts for about 57% of voting rights, told the board on April 8, the day before the public announcement was made and three days after negotiations began.
[15:27] {Les} photo apps for a billion huh?
[15:27] {Threei}  shrug
[15:27] {Threei}  I still don't understand what it is he bought
[15:28] {Les} I would have bought a drug cartel or a small island, but that's just me
[15:28] {Threei}  there are how many photo sharing apps?
[15:29] {Threei}  some strange movements
[15:29] {nemo} the top is in
[15:29] {Threei}  Fitch warned netherlands about downgrade but that was out more than 10 min ago
[15:29] {nemo} spy just pulled back to pivot
[15:29] {nemo} vwap there too
[15:30] {nemo} today has been purely technical
[15:30] {Threei}  that's why our trades worked like charm
[15:33] {nemo} we bottomed at the 50% retracement of the march low andmost recent high of spy, which was just above the yearly R1
[15:33] {nemo} today we touched yesterday's close, which was just above the MPP
[15:40] {dptl} got to go......see you all tomorrow....
[15:41] {Threei}  take care dp... might be a good thing
[15:41] {Threei}  we need to start removing you frolm the market 10 min before the bell
[15:41] {nemo} spy looks long, but I'm thinking equal opportunity buggering here
[15:41] {Threei}  so you don't miss it again, lol
[15:41] {dptl} lol...
[15:44] {Threei}  don't see any clear play for the end of day
[15:44] {nemo} I do...
[15:44] {Threei}  maybe TNA .35 break
[15:44] {nemo} And it comes in a bottle...
[15:44] {Threei}  but that's kind of 51/49
[15:44] {dino} lol
[15:45] {nemo} [15:43] {nemo} spy looks long, but I'm thinking equal opportunity buggering here
[15:53] {Les} x 29
[15:56] {Threei}  OK guys
[15:56] {Threei}  thank you all
[15:56] {Threei}  great day
[15:56] {Threei}  have a nice evening, see you tomorrow
[15:56] {sciborg} k c ya 2morrow :)
[15:57] {Les} cheers
[15:57] {dino} gn