Session Time: Wed May 23 00:00:00 2012
[09:11] {ese} morning
[09:11] {Threei} do I really see green on FB?
[09:11] {Threei} morning ese
[09:11] {thomcbell} and up from near $30 this am
[09:11] {Threei} yeah
[09:11] {Threei} ese, too bad you had to leave early yesterday... great trading day
[09:15] {ese} I left with almost $300 cool clear clean crisp canadian beauties.....will take it
[09:16] {Threei} hard to argue with that
[09:16] {ese} would like to stay longer but my schedule this has made that tough.....will be different next year
[09:20] {Threei} so, this weekend they are having informal summit, and they say everything will be decided (or not) there
[09:21] {ese} as oppose to the "formal" summit where they will actually make a decision
[09:22] {Threei} yeah
[09:22] {ese} I like the daily on USHS....this should be good for a bean or two
[09:22] {Threei} their options are narrowed down to one question actually: will they be able to press frau Merkel into Eurobonds or not
[09:22] {Beau} good morning all
[09:22] {Threei} Beau :)
[09:22] {ese} B
[09:22] {RonS} heard merkel is not attending
[09:22] {Threei} wow, really?
[09:23] {dino} gm
[09:23] {RonS} going to the real summit in june
[09:23] {Threei} doesn't want to face this united pressure
[09:23] {Threei} dino :)
[09:23] {Threei} can't blame her
[09:24] {RonS} hearing german tourism to greece is down 30%...people afraid of getting lynched
[09:27] {RonS} dino, dmnd got $255 mil (think) financning fro Oaktree...56% float short...over 10 mil shares
[09:27] {nemo} btw, I highly recommend Jack Daniel's Tennessee Honey
[09:29] {Threei} Short Setup: FCX .50 break hl
[09:29] {Threei} If holds .60
[09:31] {Threei} no... too volatile yet
[09:35] {Threei} Long Setup: SLW .10 break
[09:35] {Threei} If holds 25
[09:37] {ese} L low .54
[09:38] {Threei} 1:1
[09:38] {ese} daaaaa crappy fill ..absolute high of 9:37 bar
[09:38] {Threei} dino'skicking his keyboard again?
[09:39] {Threei} 1:2
[09:39] {Threei} out un full .35
[09:40] {dino} my computer is dieing a slow death
[09:40] {Threei} looks like... time for a change
[09:40] {nemo} how old?
[09:40] {dino} 5 years
[09:40] {nemo} done
[09:40] {dino} yeah
[09:41] {nemo} you ever clean the fan and reseat the heatsink?
[09:41] {nemo} is it XP?
[09:42] {dino} yes
[09:42] {Threei} Long Setup: GLD .50 break hl
[09:42] {Threei} If holds .40
[09:42] {nemo} you ever do a clean reinstall of XP?
[09:43] {dino} never
[09:43] {Threei} Invalidated
[09:43] {nemo} o.k. do that, or get a registry cleaner
[09:43] {dino} i just use this computer for vads room. will go to netbook once this fails
[09:43] {nemo} XP is notorious for registry growth, it will kill performance
[09:43] {dino} thx
[09:44] {Threei} change to .40 break if holding .30
[09:44] {dino} gaps below 11766, 2393, 1289
[09:44] {Threei} too fast?
[09:44] {Threei} 1:1
[09:47] {Threei} valid again
[09:47] {Threei} not anymore
[09:48] {Threei} rather switching to TZA long on pullback
[09:48] {ese} out Low .43 -.11 not waitin for it o hit stop loss....looks weak to me
[09:49] {RonS} eur dive
[09:49] {RonS} hg too...copper
[09:49] {dino} retail and builders holding well
[09:50] {Threei} (EU) EU's Juncker: Today's informal EU summit will be 'undramatic'- Eurobonds to be discussed but do not expect any decision or movement on the issue
[09:50] {Threei} heh
[09:50] {dino} fosl, dks, tol, dhi
[09:51] {Threei} (EU) France Presidential Advisor Aghion: Southern European euro zone states will need a debt haircut - German press interview- Banks from these countries will need additional help to survive - Not able to see how see how Greece, Spain and Portugal can ever really grow again without a haircut
[09:51] {Threei} haircut aka beheading
[09:51] {Threei} we have seen this movie
[09:51] {Threei} Long Setup: TZA .65 break
[09:51] {Threei} If holds .55
[09:52] {dino} they will issue the eurobonds, recap the banks, and print like an hp
[09:52] {Threei} well... Germany refuses to back that up, as they are the ones who will have to play for this
[09:53] {Threei} play = pay
[09:53] {dino} germany will come around
[09:53] {ese} like the look of dhi if it pulls back
[09:53] {Threei} then we are to see inflation of grandiose scale
[09:55] {Threei} what the deuce
[09:56] {ese} well LOW fooled me
[09:56] {Threei} numbers are coming at 10
[09:57] {dino} federalism coming to europe, w/germans in charge. a wish germany always wanted (in charge of europe)
[09:57] {dino} qcom sm l .40
[09:57] {Threei} Long Setup: TZA .45 break
[09:57] {ese} which #'s vad?
[09:58] {RonS} new housing
[09:58] {RonS} sales, prices
[09:58] {Threei} apr new home sales and mar housing prices
[09:58] {Threei} If holds .40
[09:59] {Threei} *(US) APR NEW HOME SALES: 343K V 335KE
[10:00] {Threei} *(US) MAR HOUSE PRICE INDEX M/M: 1.8% V 0.3%E;
[10:01] {Beau} I hate tza
[10:02] {Threei} it just reflects sudden jerks in SPY
[10:04] {dino} me too
[10:04] {dino} rosg?
[10:05] {ese} i tried that one the other day dino.......trades really bizzare......not to mention was hard to get out
[10:05] {cipher} aapl l 557.86
[10:05] {ese} rosg that is
[10:05] {cipher} out 1/2 559
[10:06] {cipher} out rest 558.50
[10:07] {Threei} Long Setup: HAS .60 break hl
[10:10] {Threei} Invalidated
[10:14] {Threei} Long Setup: FAZ .80 break
[10:16] {Threei} If holds .70
[10:16] {Threei} target 1:4
[10:16] {dino} crashed again. out qcom .70,
[10:16] {dino} +.30
[10:16] {Threei} nice one
[10:17] {dino} ty
[10:17] {Threei} 1:1
[10:17] {Threei} stop to .74
[10:18] {dino} eyes on qcom, becn, dhi, fosl, rail
[10:19] {Threei} stop to .79
[10:19] {Threei} 1:2
[10:23] {Threei} stop to .84
[10:24] {Threei} 1:3
[10:24] {Threei} stop to .89
[10:25] {Threei} beau... switched from TZA to FAZ specifically for you on this one
[10:25] {Beau} bless you. much nicer attitude
[10:25] {Threei} 1:4, out
[10:25] {Threei} :)
[10:26] {Beau} bailed with .32. thanks vad
[10:26] {RonS} gco big pulp dino
[10:26] {Threei} welcome sir
[10:30] {Threei} EUR/USD Breaks below 1.2600 for first time since summer of 2010
[10:31] {dino} gco beats and raises, hmmm
[10:31] {Threei} read this guys:
[10:31] {Threei} (EU) Preview: Informal EU Summit schedule for after the European market close
[10:31] {Threei} Insight on various issues
[10:31] {Threei} 1) Increasing European Investment Bank (EIB) capital by �10B -
[10:31] {Threei} 2) Easing rules for national govt to use EU budget funds -
[10:31] {Threei} 3) Raising money for infrastructure funds (project bonds) -
[10:31] {Threei} 4) Giving Euro Zone bailout fund access to ECB credit -
[10:31] {Threei} 5) Using bailout funds to recapitalize banks directly -
[10:31] {Threei} 6) Introducing Eurobonds
[10:32] {cipher} tna l .81
[10:32] {nemo} yep
[10:34] {nemo} spy not cooperating
[10:35] {cipher} out tna -12
[10:39] {Threei} panic
[10:40] {Threei} but just wait to see what happens when SPY loses 130
[10:40] {dino} gco smr l .51
[10:41] {Threei} visual http://goo.gl/D0Q4b
[10:41] {dino} lose 130 going to gap 1289
[10:42] {dino} out tol .29, +.30
[10:43] {dino} dhi l .48
[10:44] {cipher} tza l .81
[10:45] {Threei} very nice entry
[10:45] {Threei} kangaroo tail
[10:46] {cipher} out 1/2 .94
[10:46] {Threei} beautiful one cipher
[10:47] {cipher} out in full .99
[10:47] {cipher} ty
[10:47] {Threei} let's convince Beau TZA is not a lost cause :)
[10:48] {Beau} ok, prove it :)
[10:48] {Threei} cipher just did :)
[10:48] {Beau} oh yea.
[10:49] {Beau} that was a nice job cipher. it likes you better
[10:49] {cipher} am I missing something...
[10:49] {cipher} what's wrong with TZA?
[10:50] {nemo} why, what happened?
[10:50] {Beau} joke from earlier said I hate it
[10:50] {nemo} oh yeag
[10:51] {Threei} 10:01] {Beau} I hate tza
[10:51] {ese} cya tomorrow
[10:51] {Threei} see, I don't discriminate... I am an equal opportunity hater
[10:51] {Threei} I hate them all when they don't work
[10:52] {Beau} lol
[10:52] {cipher} ibm l.54
[10:56] {cipher} out flat
[10:56] {dino} tol sm l .01
[10:57] {cipher} ditto
[11:01] {dino} battle line
[11:03] {dino} out gco .98, +.47 ty ron
[11:03] {RonS} yw
[11:03] {Threei} wtg
[11:04] {cipher} tna l .27
[11:04] {cipher} out 1/2 .42
[11:06] {cipher} 1/4 more .53
[11:08] {dino} gj
[11:14] {RonS} from Bloomberg: About 18 million Facebook shares are on loan, an indication of short-sellers’ interest
[11:14] {cipher} stopped on remainder tna out tol .15 +.14 thx dino
[11:14] {Threei} amazing
[11:15] {Threei} I don';/t think I've ever seen this in such early days of IPO
[11:15] {dino} it was more a secondary than an ipo. greater fool
[11:15] {Threei} true
[11:16] {Threei} all things that could have been done wrong on this one were
[11:18] {dino} never forget who the sell side works for
[11:19] {dino} dhi to b/e
[11:20] {dino} out dhi .54, +.06
[11:23] {dino} tol to .09, don't like mkt drop
[11:26] {RonS} lol...Stephen Colbert voted one of Maxim's hottest women
[11:27] {Threei} ummm
[11:28] {RonS} young men's mag that runs tasteful displays of hot women
[11:28] {RonS} ...so i've been told...
[11:29] {RonS} :D
[11:29] {dino} lol
[11:34] {dino} out tol .11, +.10
[11:38] {RonS} reality stranger than fiction: see that Germany sold 2 yr bonds yesterday for .07%
[11:39] {RonS} but now that i think about it perhaps they should be charging the rest of the europeans for taking their money...
[11:48] {RonS} RAH buys a private cookie maker in deal that is immediately accretive
[11:49] {RonS} is down because the name is Petri Baking and anything in a petri dish is creepy?
[11:49] {RonS} ok, will stop since jokes are sounding Soviet-ish...
[11:50] {Threei} lol
[12:21] {dino} things froze
[12:21] {nemo} lunch time Summer trading
[12:29] {Threei} breakdown looks tempting but this time of the day rinses are abundant
[12:29] {RonS} pvh reports ah...gone pulp
[12:35] {dino} gco app lod
[12:38] {dino} gco blood, hate to see a miss
[12:38] {nemo} don't look
[12:43] {dino} damn it missed entry
[12:45] {RonS} lol...Someone want to define the difference between a bribe and aid? Maybe WMT should just say it "aided" Mexican officials
[12:50] {nemo} we call it bribery, most other places in the world, that's business
[12:50] {nemo} ask the mafia
[12:54] {Threei} "libricant"
[12:54] {Threei} i=u
[12:54] {nemo} wow
[13:00] {dino} gco smr l .67
[13:08] {dino} out gco .27, +.60
[13:11] {RonS} gj...tagged it 66.40 to 67.52
[13:11] {dino} beauty
[13:16] {RonS} sheesh look gdx
[13:16] {nemo} yeah
[13:22] {Threei} (SE) Sweden PM Reinfeldt: Skeptical concerning Eurobonds; EMU moving in the right direction
[13:22] {Threei} I agree
[13:22] {Threei} right direction being the litterbox
[13:23] {dino} wow gco
[13:36] {Threei} (PT) Portugal said to have reported a Jan-April govt, social security deficit - financial press
[13:42] {RonS} supposed to be surprising?
[13:43] {Threei} don't know
[13:43] {dino} expected
[13:43] {Threei} not much fron Europe can surprise me anymore
[13:44] {Threei} let me give you a pleasant visual from my yesterday's backyard passtime... http://goo.gl/fG70i
[13:47] {RonS} ...great shot...need to send it to peta
[13:47] {Threei} lol
[13:49] {RonS} don't know why i think this is funny but lol...New York bride who faked cancer, so donors would pay for wedding and honeymoon, sentenced to time served
[13:49] {Threei} does she get to keep the money?
[13:53] {RonS} dunno, probably spent...
[13:57] {RonS} new lexicon: I got zucked...proof in concept: SEC FORM 4: Zuck sells 30.2m shares of $FB common stock at $37.58
[13:59] {Threei} lol
[14:00] {RonS} so is that $1.1 billion or 11.1?...my calculator won't go that high
[14:00] {dino} dk, but if 11b, then he just sold about 70% of his holdings
[14:00] {Threei} whatever it is, he can aford going to movies this coming weekend
[14:01] {dino} not really confidence inspiring
[14:01] {RonS} probably Men in Black...
[14:01] {Threei} Men in Black Hoodies
[14:01] {RonS} lol
[14:02] {Threei} Long Setup: FAZ .10 break
[14:02] {RonS} can tell you are no longer in soviet union...
[14:02] {Threei} If holds 28
[14:09] {dino} coming into contra-hour, gut feel, re-test lod
[14:09] {Threei} grrr
[14:12] {Threei} be back in 20
[14:16] {RonS} squeeze in mfrm...
[14:17] {dino} no news, destroyed week or so ago
[14:18] {RonS} 24% float short
[14:20] {RonS} faz rinse
[14:37] {Threei} grr
[14:37] {Threei} knew it was going to do that
[14:40] {RonS} aem went nuts
[14:51] {dino} z spike
[14:52] {RonS} ya the social media stocks are catching a bid after getting smashed w/ fb
[14:58] {dino} tol drop
[15:00] {Threei} (US) Fed's Kocherlakota: Higher US treasury prices suggests investors anticipating the US Govt can fix its deficit issues
[15:00] {Threei} idiot
[15:01] {Threei} they simply flee Europe
[15:01] {RonS} unreal
[15:01] {Threei} sensing that US problem is going to come down to the wire at the later time
[15:02] {Threei} oh my god
[15:02] {Threei} (US) Fed's Kocherlakota: Inflation shows US is closer to maximum employment than jobs data does
[15:03] {Threei} I want what he is smoking
[15:03] {Threei} must be fantastic stuff
[15:03] {RonS} dino, my computer was kicking into go slow mode so bought a dell i7 computer through costco last jan. no problems since. here is an offer for reference: http://tinyurl.com/7xheer7
[15:05] {Threei} SPY topping pattern
[15:06] {Threei} let's see if we can get FAZ under .60
[15:06] {dino} thx ron. i have 3 systems running. one for trades (2 years old), one for charts/email/news (bgt in march), and the dog i use for this chat room. i am just running this until it pukes, then will relace my trade one and use trade computer for room
[15:07] {Threei} Long Setup: FAZ .60 break
[15:08] {Threei} change to .50
[15:09] {Threei} invalidated
[15:09] {Threei} no news yet
[15:10] {dino} bumming, i missed this whole rally
[15:15] {Threei} weird spike for no news
[15:15] {Threei} have to try it
[15:16] {Threei} Long Setup: TZA .30 break
[15:16] {Threei} .24 stop
[15:17] {Threei} sigh
[15:30] {Threei} hate these relief rallies
[15:33] {Threei} Long Setup: TZA 22 break
[15:33] {Threei} If holds .90
[15:34] {Threei} Invalidated
[15:36] {Threei} changing to .90 break
[15:36] {Threei} If holds .80
[15:36] {Threei} with 1:2 in mind
[15:37] {Threei} Invalidated
[15:41] {Threei} ok... last chance
[15:41] {Threei} .65 break
[15:43] {Threei} lol
[15:44] {Threei} still have 15 min though
[15:44] {Threei} that was second to last chance
[15:44] {Threei} .55 break
[15:46] {Threei} half out .62
[15:46] {Threei} stop to .54
[15:51] {Threei} decent move
[15:55] {Threei} ok guys, thank you
[15:55] {Threei} have a good evening, see you tomorrow
