Friday, August 17, 2012

Aug 17 2012

Today was kind of epitome of a sleepy bored trading. We squeezed some profits out of this swamp but with a few hard to execute trades in the morning YMMV. A lot of joking around helped a bit. I am not quitting trading for a stand up just yet though.


Session Time: Fri Aug 17 00:00:00 2012
[09:05] {jackharry} good morning
[09:05] {nemo} debatable
[09:05] {Threei}  jack :)
[09:07] {scottie} good morning
[09:08] {Threei}  scottie :)
[09:12] {nemo} pullback is over
[09:15] {Beau} good morning all
[09:15] {nemo} I can't take this!!!
[09:16] {Threei}  beau :)
[09:17] {Threei}  biden is priceless
[09:17] {RonS} hi guys
[09:17] {Threei}  "with your help we are going to win north carolina" - in virginia
[09:17] {Threei}  ron :)
[09:18] {cipher} morning
[09:18] {Threei}  cipher :)
[09:18] {Will49} Morning
[09:19] {nemo} market is never going down again
[09:19] {Threei}  will )
[09:19] {Threei}  apparently
[09:19] {Threei}  dow 40,000
[09:19] {nemo} by Xmas
[09:19] {thomcbell} kind of funny how the weekly charts look now
[09:20] {nemo} jeez....mcp going to zero
[09:20] {thomcbell} look like 1600 on spx
[09:20] {nemo} 2000
[09:21] {nemo} fwd4.me/17mw
[09:21] {Threei}  (DE) German coalition officials Willsch & Schaeffler: Chancellor Merkel considering easing Greece bailout conditions**Reminder: On Aug 14th Reports circulated that Greece PM Samaras to hold talks with German Chancellor Merkel next week and would outline a proposal that featured a 2-year austerity extension - Earlier today CDU party parliamentary group chairman Fuchs reiterated his view that Greece could not receive additional aid if prior bailout agreement were not kept
[09:22] {Threei}  see? nothing functioers wouldn't do to save their butts
[09:22] {Threei}  excellent piece by rasmussen: http://goo.gl/Ujojm
[09:25] {RonS} heh, knuckledraggers...a true Ohio expression...my dad been using it since i was a pup
[09:26] {Threei}  :)
[09:28] {nemo} 142.70 likely today spy
[09:30] {Threei}  looking to buy pyllbacks
[09:32] {ese} gm
[09:32] {Threei}  ese :)
[09:32] {nemo} vvus
[09:32] {Will49} it starts
[09:33] {Threei} Long Setup:  FCX  .65 break
[09:33] {Threei}  If holds  .55
[09:34] {Threei} Long Setup:  LVS  .50 break hl
[09:34] {Threei}  If holds  .40
[09:34] {Threei}  uhhu
[09:34] {Threei}  no chance
[09:34] {Threei}  teleported to above .60
[09:35] {Threei}  FCX 1:1
[09:35] {Threei}  a bit too volatile still
[09:35] {Threei}  OK LVS
[09:35] {Threei}  valid again
[09:36] {Threei}  same setup
[09:36] {Threei}  .50 break
[09:36] {Threei}  stop under .40
[09:36] {Threei}  1:1 who got it
[09:36] {Will49} :(
[09:36] {Threei}  FCX valid again, same setup
[09:37] {dptl} gm
[09:37] {Threei}  dp :)
[09:37] {Threei} Long Setup:  SLW  .90 break
[09:38] {Threei}  If holds  .80
[09:38] {Threei}  sheesh
[09:38] {Threei}  breaks are hysterically fast
[09:38] {Will49} :(:(:(
[09:39] {Threei}  FCX 1:1 again
[09:39] {Threei}  SLW returned to a bus stop
[09:39] {Will49} and yesterday I was bragging about my trigger finger
[09:39] {scottie} lol
[09:39] {Threei}  it's merely first 10 min
[09:39] {nemo} Edit yourself nemo...be nice
[09:39] {Threei}  whole day ahead
[09:40] {Threei}  lol
[09:40] {Threei}  anyone got FCX second time?
[09:40] {scottie} couldn't take any either will
[09:40] {Will49} :)
[09:40] {Will49} it's you and me budy
[09:41] {Will49} buddy
[09:42] {nemo} s  chl .34
[09:43] {nemo} stop .50ish small
[09:43] {Threei} Long Setup:  CAT  .30 breeak hl
[09:43] {Threei}  oops
[09:43] {Threei}  broke while I tyoed
[09:43] {Threei}  disregard
[09:44] {nemo} partialling .15
[09:44] {Threei} Short Setup: EBAY  .60 break
[09:44] {Threei}  hl
[09:44] {Threei}  if .70
[09:44] {Threei}  If holds  .70
[09:44] {nemo} stop to .40ish
[09:45] {Threei}  target 1:3
[09:45] {Threei}  no go EBAY
[09:46] {Threei}  or SKW
[09:46] {scottie} of course I got this one
[09:46] {nemo} stop .30ish
[09:47] {nemo} cmon chl crack the whole
[09:47] {Will49} me too scottie
[09:47] {nemo} throw a frickin' brick through it
[09:47] {thomcbell} lvs
[09:48] {scottie} lol
[09:48] {nemo} stop .20ish
[09:50] {Threei}  AIG pulling back a little
[09:51] {nemo} out
[09:52] {dino} gm, running late, r.e. issues
[09:52] {Threei}  dino :)
[09:54] {Threei} Long Setup:  AIG  .75 break
[09:54] {Threei}  LVS on pullback entry watch too
[09:54] {Threei}  desirably under .70
[09:55] {Threei}  with .70 recross as a trigger if holds .60
[09:55] {Threei}  *(US) AUG PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 73.6 V 72.2E
[09:55] {Threei}  AIG not a scalp
[09:56] {Threei}  capable of bigger move
[09:56] {ese} L lvs .83
[09:56] {Threei}  1:1
[09:57] {Threei}  nice entry LVS
[09:57] {scottie} out .86 +.10 ty
[09:57] {Threei}  yw
[09:57] {ese} out lvs .98+.15
[09:57] {Threei}  this one was easy to get
[09:57] {scottie} bid partially filled 200 shares only
[09:57] {nemo} cat
[09:58] {nemo} de l .29
[09:59] {nemo} stop under .20
[09:59] {Threei}  come on AIG, no rinsing of second half
[10:00] {Threei}  *(US) JULY LEADING INDICATORS: 0.4% V 0.2%E
[10:00] {nemo} offering .44
[10:00] {cipher} chl +.23 thx nemo
[10:00] {nemo} yw
[10:01] {Threei}  nice
[10:01] {Threei}  ugh
[10:01] {Threei}  scalpers win
[10:01] {nemo} stop to .29 de
[10:01] {Threei}  AAPL new all time high
[10:01] {nemo} cat looking for opening range break trade
[10:02] {Threei}  DNDN takeover chatter
[10:02] {nemo} A ripping rally would be least expected today
[10:03] {nemo} l cat .88
[10:03] {nemo} stop under .80
[10:03] {dino} hibb gap fill june
[10:03] {nemo} out de
[10:03] {Threei}  (ES) Mayor of Madrid: Seems inevitable that Spain govt will ask for international aid - press- Mayor Ana Botella is a high level member of the ruling party.
[10:03] {nemo} frickin de
[10:04] {nemo} offering .98 cat
[10:04] {nemo} rinsed on DE sheesh
[10:04] {nemo} should have kept original stop again
[10:05] {Threei} Long Setup:  AIG  .70 break
[10:05] {Threei}  If holds  .65
[10:05] {Threei}  let's see if we get big move this time
[10:05] {Threei}  good resistance at .70
[10:05] {nemo} futures pulling in
[10:05] {nemo} out cat
[10:06] {Threei}  first partial closer to .80
[10:06] {cipher} hibb l.92
[10:07] {Threei}  here, .79
[10:07] {Threei}  no trail just yet
[10:07] {Threei}  a little more breathing room to this entry
[10:07] {dino} open spike
[10:07] {scottie} bid was triggered on time, system took too long to fill :(
[10:07] {Threei}  stop was unusually tight in a first place
[10:08] {Will49} same here scottie
[10:08] {Threei}  hmm?
[10:08] {Threei}  are you guys trying automated entries?
[10:08] {Will49} no
[10:08] {Threei}  as in buy stop?
[10:08] {Will49} can't do that on laser demo
[10:08] {Threei}  what does "bid was triggered" mean?
[10:09] {scottie} no, hit the trigger at .71, stayed at .71 for at least a second, but order was not executed
[10:09] {Threei}  stop was .65... why not give it 2 cents?
[10:09] {Beau} at .72 and no fill
[10:09] {cipher} out hibb .72 -.20
[10:10] {cipher} hibb l .21
[10:10] {dptl} sometimes prices are stuck on some ecn's Scottie...you can see it but it's not there anymore
[10:11] {dptl} edgx is the worst one for that
[10:11] {Threei}  true... but in this case .71 and .72 were available long enough for entry here... :(
[10:12] {ese} this is not going to be a good mrkt to trade in today
[10:12] {Threei}  btw ese
[10:12] {ese} y
[10:12] {Threei}  you incapacitated dp yesterday
[10:12] {dino} hibb sm l .15
[10:12] {ese} huh....wha'd i do
[10:12] {dino} vnet sm l .00
[10:13] {Threei}  go to http://tradinglog.realitytrader.com/2012/08/aug-16-2012.html and read dtarting from 12:06
[10:13] {nemo} http://fwd4.me/17n3
[10:13] {dino} out hibb .45, +.30
[10:13] {Threei}  see dp's fainting
[10:13] {dino} ugh
[10:13] {cipher} out 1/2 hibb .49
[10:13] {dino} gut said breath coming in hibb
[10:14] {cipher} out rest hibb .80 +.59
[10:14] {ese} what part am i looking for
[10:14] {dino} wtg
[10:14] {dino} i blew that one
[10:14] {cipher} too soon
[10:14] {Threei}  starting 12:06
[10:15] {Threei}  sudden SPY drop
[10:15] {ese} ahhhhhh ha
[10:15] {dino} yeah, quite a bit too soon
[10:17] {ese} I have to pay you for those by the way....plus were thinking of using the full band picture with everyone standing in a line and you taking the picture frm the endo of the line
[10:17] {Threei}  see dcc pls
[10:18] {cipher} hibb l.00
[10:18] {dino} nice
[10:18] {nemo} cat, sheesh
[10:18] {cipher} out 1/2 +.35
[10:19] {ese} for a promo shot to send to Nashville and europe
[10:19] {cipher} out rest +.19 shoulda sold all
[10:19] {dino} pulp of the ay hibb
[10:19] {dino} day
[10:19] {cipher} I don't mind pulp as long as it doesn't mess with me
[10:20] {dino} pulp moves baby, gotta luv it
[10:20] {Threei}  something changed
[10:20] {dino} crmt sm l ave .95
[10:20] {cipher} CRMT?
[10:21] {dino} y
[10:21] {cipher} k fat fingers
[10:21] {dolores} hello GM
[10:21] {Threei}  bad report cipher
[10:21] {Threei}  dolores :)
[10:22] {cipher} dndn l.91
[10:24] {cipher} out .97 +.06hibb l.11
[10:25] {cipher} sorry out @.96 +.05
[10:25] {cipher} out 1/2 hibb.26
[10:26] {cipher} out rest hibb .45 +.34
[10:27] {dino} wtg buddy
[10:28] {dino} things are slowing down already
[10:29] {ese} indeed
[10:29] {Threei}  guys, whoever asked and thought of dropping by to my next conference appearance
[10:29] {Threei}  September 27-30, Toronto
[10:30] {dino} i will be in myrtle beach, sorry
[10:30] {thomcbell} send details - that is close for me
[10:30] {Threei}  program in full os not finalized yet but most likely I am going to speak for one day
[10:30] {thomcbell} im in new york area
[10:31] {ese} one of my most favorite cities on the planet.....love NY
[10:31] {thomcbell} me too
[10:33] {Threei}  tbell, see dcc pls
[10:33] {ese} hows he village these days...still lots of live entertainment going on........or is it kinda shutting down like everywhere else.....except Nashville
[10:33] {Threei}  dino... we will have a drink for you
[10:33] {thomcbell} it is still ok - lots of good shows in the park in brooklyn too
[10:35] {nemo} cat
[10:35] {ese} a very very good friend of mine lives in brooklyn.....shes married to a fireman......they live by the beach.....
[10:35] {nemo} damn
[10:35] {thomcbell} i am going to be living in Brooklyn after I get thru my divorce situation
[10:35] {dino} 3i you better have 2
[10:35] {Threei}  deal
[10:36] {Threei}  tbell... dcc please
[10:36] {thomcbell} i lived in manhattan beach brooklyn until i was 10 - 2 block walk to beach
[10:36] {thomcbell} what is dcc?
[10:36] {ese} good luck with that............
[10:36] {Threei}  private message
[10:36] {Threei}  see upper bar with my name on it
[10:36] {ese} the situation i mean...............
[10:36] {Threei}  or doublclick my nick
[10:36] {dino} out crmt .77 ave +.82
[10:37] {Will49} somebody is making hay today eh dino?
[10:37] {ese} whoa....dino ....nice
[10:37] {cipher} wtg dino!
[10:38] {dino} ty
[10:38] {ese} and it's still goin......
[10:38] {dino} yeah, blowing the exits, they aren't dropping back as usual
[10:40] {ese} i'm feelin LVS L .90 ....just bidding my time
[10:42] {nemo} mnst short .70
[10:42] {nemo} oh oh
[10:42] {cipher} hibb l.00
[10:42] {nemo} stop .80ish
[10:44] {cipher} out +.18
[10:45] {ese} good one C
[10:46] {Threei}  FB just can't stop dropping
[10:46] {Threei}  what a disaster
[10:46] {cipher} hibb l.67
[10:48] {nemo} s tripp .80 small
[10:48] {cipher} out hibb .70
[10:49] {cipher} just in time
[10:49] {Threei} Short Setup: JPM  .90 break
[10:49] {nemo} offering .64 partial
[10:49] {nemo} bidding
[10:51] {Threei}  FB is still unavailable for shorting... :(
[10:52] {Threei}  .20 break...
[10:52] {nemo} not for me
[10:52] {cipher} trip l.70
[10:53] {nemo} great I"m short
[10:53] {nemo} just got my bid
[10:53] {nemo} stop to b/e
[10:54] {nemo} bidding .56 1/4 more
[10:54] {nemo} stop to .70
[10:55] {nemo} think trip want to test lows from tuesday
[10:59] {Threei}  JPM, if triggers:
[10:59] {Threei}  nearest support is .80, and if that is lost, there is no bottom in sight
[10:59] {nemo} out trip
[11:00] {Threei}  down to 36.40, there is nothing but air
[11:00] {Threei}  so pushing for a good move on this one
[11:01] {Threei}  FB... short on paper? :(
[11:01] {dino} vnet to .20
[11:01] {Threei}  look how .20 break works
[11:02] {dptl} so FB lockout is over? they all can sell now?
[11:02] {nemo} think spy gonna break, iwm already has broken downtrend
[11:02] {Threei}  in stages, dp
[11:02] {thomcbell} no but more shares came on that signifcnatly increased current float
[11:02] {Threei}  some parts ended, some are not yet but coming down the pipe
[11:02] {thomcbell} much bigger one 3 months down
[11:03] {RonS} no, 3 more releases w/ last one something like 220 mil sh in nov
[11:03] {dptl} i see...interesting if it beats aone
[11:03] {nemo} then a slew more in January
[11:03] {RonS} wow...
[11:04] {cipher} out trip .78 +.08
[11:04] {Threei}  I don't think it's next AONE... but it's bad
[11:04] {nemo} IPOs are coming out much later in their lifespan than they used to, not to mention FB was trading privately for 3 years
[11:04] {nemo} IPOs aren't what they were in the 90s
[11:05] {RonS} watched this last night...if can stand subtitles it is great:  http://en.wikipedia.org/wiki/The_Good,_the_Bad,_the_Weird
[11:05] {nemo} wow, actually in the green on mnst
[11:05] {Threei}  yeah... the thing was handed to public when it had 850 mln users already, room for growth is very ,limited if there at all... a lot of shares distributed beforehand... and horribly overpriced at IPO
[11:06] {Threei}  recipe for disaster
[11:07] {RonS} early investors made money, ipo syndicate made money, ipo purchasers lost:  2 out of 3 ain't bad...
[11:08] {Threei}  lol
[11:08] {RonS} :)
[11:08] {Threei}  I have to say, in this case financial media actually did their job for a change
[11:08] {dino} screw retail, thats their motto
[11:08] {Threei}  there were plenty of alerts everywhere
[11:08] {nemo} in the spirit of not shorting a dull market I'm scratching mnst
[11:08] {RonS} ...muppets...
[11:09] {Threei}  sounding alarm about this IPO all over TV, internet
[11:09] {dino} out vnet .26 ave, +.26
[11:09] {dino} don't like the stall
[11:09] {RonS} gj
[11:10] {dino} thx
[11:10] {RonS} Michael Lewis' book Liar's Poker said it all about the street view of customers...and it was written in the '80's
[11:11] {RonS} hilariously terrific book btw...
[11:11] {Threei}  you know how car salespersons call the guy who wanders on a dealership lot and pays MSRP?
[11:11] {Threei}  simple, brief and juicy
[11:11] {Threei}  "idiots"
[11:12] {RonS} he worked for soloman bros...the gs of the day
[11:12] {RonS} solomon
[11:12] {nemo} Yeah, well go back to Neill's book and that was the 30's same thing
[11:12] {Threei}  Livermore, at his late period when he was hired to distribute shares... same thing
[11:13] {Threei}  with true trading twist: do it in a manner that will be read by public as buy signal
[11:13] {RonS} nemo's attitude about people...same thing...
[11:13] {RonS} :D
[11:14] {Threei}  can you blame him?
[11:14] {Threei}  it's those same entities that install plague commemorating O's first kiss
[11:14] {Threei}  species I should have saifd
[11:14] {RonS} ooof...
[11:15] {Threei}  how do you not prefer bunny after that?
[11:15] {Threei}  come on JPM, trigger already
[11:17] {Threei}  thanks for the recommendation ron, will try to watch it this weekend
[11:20] {Threei}  ok
[11:21] {scottie} in .88
[11:21] {Threei}  too
[11:21] {Will49} me too scottie
[11:21] {Threei}  it consolidated under .95 but I am hesitant to place stop this close
[11:22] {Threei}  for now 37.01
[11:24] {nemo} I think people are great for ritual sacrifice
[11:28] {ese} ok ok .....hold it hold it.............aree you saying face book shs were trading months before the ipo,     how does that work.............i hope his company flippin well goes under
[11:28] {nemo} years before the IPO
[11:28] {Threei}  private placements ese
[11:28] {nemo} frickin' musicians
[11:28] {nemo} finish your list to Santa Claus yet?
[11:29] {ese} ya i get that but not trading?
[11:29] {Threei}  giving investors shares to hold for the future IPO
[11:29] {ese} lol
[11:29] {nemo} they were actually bought and sold
[11:29] {ese} it's a long list............whats it too ya
[11:29] {Threei}  so they got it from company founders to dump later in hands of the street buyer
[11:30] {Threei}  and since it continued for years, they started trading them between themselves
[11:30] {ese} hmmmmmm
[11:30] {RonS} needed a reason to do lunch...
[11:30] {Threei}  ok, if you are very risk-averse, you can trail JPM to .96
[11:31] {Beau} partial .81 or .79?
[11:32] {Threei}  .81 most likely
[11:32] {Threei}  .80 is its last line of defense
[11:33] {Threei}  they may try to defend it vigorously
[11:33] {Threei}  so let's play it safe
[11:33] {Threei}  by they I mean THEY
[11:34] {dino} ah yes, they
[11:35] {Threei}  :)
[11:35] {RonS} spome noting market internals w e a k...
[11:35] {RonS} some
[11:35] {Will49} my internals are weak too
[11:35] {nemo} hehehehe...news?
[11:36] {ese} spyders jumped........wha news?
[11:36] {nemo} look above ese
[11:36] {ese} there selling alot of conga drums in Brazil.......big deal
[11:37] {ese} thats the only news i see
[11:40] {nemo} never short a dull market
[11:41] {ese} and the Venezuelan cocaine crop is slower than usual this year...........
[11:42] {ese} Venezuela Q2 GDP: +5.4% v 6.1%e
[11:43] {Threei}  what about Colombia?
[11:43] {RonS} lol
[11:43] {RonS} world upside down?
[11:43] {ese} indeed
[11:43] {RonS} ese reporting so american news...
[11:44] {dptl} lol...musician
[11:45] {Threei}  dp is so envious
[11:45] {ese} hey.............we musicians see the world from a creative point of view.........
[11:45] {Threei}  wishes he were a musician
[11:45] {nemo} creative
[11:45] {ese} definitely
[11:45] {nemo} mmmhhhh
[11:45] {dptl} lol
[11:45] {Threei}  to take part in that lineup for a photoshoot
[11:45] {ese} can tell in his tone of typing
[11:45] {nemo} can be equated with...
[11:45] {nemo} imaginary
[11:45] {nemo} fantasy
[11:46] {nemo} fata morgana
[11:46] {ese} lol
[11:46] {nemo} whimsical
[11:46] {nemo} hallucinogenic
06[11:46] * Threei trips JPM and hits it over the head with 2x4
[11:46] {ese} what......ya got the theasaurus handy there
[11:46] {Threei}  bunny's his thesaurus
[11:46] {nemo} sesquepadalian by nature
[11:46] {ese} lol
[11:49] {ese} I use to be an average person with nothing to look forward too like you all.......but now be a "MUSICIAN"  travelling musician no less..........."I" yes "I" get a chance to see Les............in switzerland no less
[11:49] {ese} so there
[11:49] {nemo} Nice knowing you
[11:49] {Threei}  nemo... he actually sees it as a plus
[11:50] {nemo} yeah...well maybe he'll keep Les from bothering me on Skype for awhile
[11:50] {ese} r0tflol
[11:51] {ese} man............the gates are down........the lights are flashin..........but that train just ain't comin for you clowns
[11:52] {ese} L lvs. 70
[11:53] {ese} i gotta stock ta buy...........get outta my way
[11:53] {Threei}  they really defend that .80 eh... twice bounced off of .82
[11:53] {Threei}  third time should be that thing that nemo decisively lacks
[11:53] {nemo} 81.65 is likely where iwm going
[11:55] {Threei}  no one? come on... not even mercy laugh? I thought it was my best joke of the day so far... :(
[11:55] {Beau} holding breath for next line vad
[11:56] {Threei}  sorry, that's all I;'ve got
[11:56] {Threei}  what next line,... third time is a what?
[11:56] {RonS} ese...give us a drum role for a soviet joke...3i has a new audience
[11:57] {ese} oh oh..........am sensing lvs doesn't want to participate..........flippin party pooper
[11:57] {ese} lol
[11:57] {Threei}  actually that's your English language joke
[11:57] {ese} brbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrrrrruuuuuuuuuuuuuuuuummmmmmmmmmmmmp
[11:58] {Threei}  as famous musician/comedian used to say, that's your languange, I am just using it
[11:58] {RonS} sheesh pule an ese spelling roll, not role
[11:58] {RonS} pulled
[11:59] {ese} pretty good immitation of a drum roll on line i thought
[11:59] {RonS} ya, agree
[11:59] {Threei}  great.../ no one heard of Victoru Borge either...
[11:59] {ese} i have
[11:59] {ese} he's fantastic
[11:59] {RonS} was
[11:59] {ese} amazing musician............genius
[11:59] {nemo} yeah I have
[12:00] {nemo} He was a bad guy on the first Batman show
[12:00] {ese} what? no? really?
[12:00] {nemo} yeah
[12:00] {nemo} we're in meltup mode
[12:00] {ese} cool....theres some trivia for ya
[12:00] {RonS} really...don't remember that...must of been a pup of 60 then
[12:01] {ese} lol
[12:01] {nemo} well, we know what you were doing in the 70s Ron
[12:01] {ese} i use to watch those shows as a kid...........don't remember it being him though
[12:01] {ese} hangin with nemo?
[12:02] {Beau} saw him live and two weeks later Spike Jones.
[12:02] {Threei}  here comes thrid time
[12:02] {Threei}  which is charm
[12:02] {dino} ioc drop
[12:02] {scottie} lol
[12:02] {Threei}  which is a foundation for that joke I was so mercilessly pillored for
[12:03] {Threei}  sigh... sooo misunderstood...
[12:03] {Threei}  here e go
[12:04] {ese} lol
[12:04] {Threei}  got partial fill at .81
[12:04] {ese} wel..........now you know what it's like to be under appreciated.............like nemo
[12:05] {Threei}  not really... nemo thrives on it
[12:05] {ese} true
[12:05] {nemo} Victor Borge played Mr. Freeze
[12:05] {Threei}  unlike we, people of art...
[12:05] {ese} no way.........thats too funny
[12:05] {Threei}  OK, made myself laugh even
[12:06] {Beau} .81 in not filled third time this am but no charm
[12:06] {scottie} didn't fill here either
[12:06] {Threei}  it will now
[12:07] {Beau} bid but no fill yet
[12:07] {ese} lvs stopped .60 -.10
[12:09] {Threei}  tempted to trail stop to .91... but .96 is probably still better idea
[12:14] {Will49} hardly any movement and few insults....borrrriiinnnggg
[12:14] {Threei}  I am disheartened by the muted reaction of quite sophisticated insults I come up woth
[12:14] {Threei}  of = on
[12:15] {Will49} oh well....time for a west coast SSSS
[12:15] {Threei}  I mean, by my budding standup standards that "charm" thing was a gem
[12:15] {Beau} so who is sophisticated here except nemo
[12:15] {nemo} faints
[12:15] {Will49} +1 beau
[12:16] {Will49} that's the way beau...start something
[12:16] {Beau} :)
[12:18] {dino} zzzzzzzzzzzzzzzzzzzz
[12:20] {dolores} HD keeps going up
[12:21] {dolores} non stop to 60?
[12:21] {Threei}  quite possible
[12:22] {nemo} orly running
[12:22] {dolores} if new homes building  keeps holding and gets better they will be doing very well.
[12:24] {dolores} there must have been alot of covering
[12:25] {nemo} need a break from the excitement
[12:38] {Threei}  cr*p...
[12:38] {Threei}  Olympus Confirms New Pro-Grade 43 Camera Is on the Way
[12:38] {Threei}  good bye another $2K
[12:39] {Threei}  move JPM, papa needs new camera
[12:40] {ese} vad check your email.....re midnights promo stuff
[12:41] {Threei}  wow
[12:41] {ese} L len .69
[12:43] {ese} thats what were think of using your picture for......that may go as our main website page
[12:43] {Threei}  answered
[12:51] {Threei}  I have a feeling today is far from over
[12:52] {Will49} Vad...re Sept conference. Committed to baby-sitting two grandsons while parents are in Paris. Would love to go. Went to university a couple of blocks from conf location
[12:52] {Threei}  something is different today, and something is brewing
[12:52] {Will49} that's my coffee you small
[12:52] {Threei}  Will, you heard me in Whistler,
[12:52] {thomcbell} is that just spider sense Vad?
[12:52] {Will49} Yes and it was great
[12:52] {Threei}  it will be pretty much the same presentation, maybe some different examples
[12:52] {Threei}  thank you
[12:53] {Threei}  I guess tbell
[12:53] {Will49} that's good then. Won't feel left out
[12:53] {Threei}  :)
[12:53] {Threei}  isn't it fascinating how people are willing to suffer for 6-7 hours of my unhole accent?
[12:53] {Threei}  unholy
[12:54] {Will49} it keeps one concentrated on subject matter
[12:54] {Will49} only time your accent wasn't a problem was after the AK47 bottle came out
[12:55] {Threei}  lol
[12:58] {thomcbell} unhole is funny
[12:58] {Will49} fruedian slip
[12:58] {Threei}  there you go... accent in typing {G}
[12:58] {Will49} freu...???
[12:58] {Threei}  lol
[12:59] {Threei}  fraudian
[12:59] {Threei}  read that in any of two meanings
[13:02] {Threei}  (US) White House: Release from the strategic petroleum reserve (SPR) is on the table
[13:02] {thomcbell} that is ridiculous
[13:02] {thomcbell} strategic for the election
[13:02] {Threei}  no kidding
[13:03] {Threei}  and very transparent as such
[13:03] {_robbers} Table must be very slippery.
[13:04] {Threei}  rofl
[13:05] {dptl} lol
[13:05] {Threei}  I give up on this standup thingy, robbers... will stick to trading and photography
[13:05] {_robbers} Don't give up, Victor Borge is laughing at your jokes.  From the grave.
[13:05] {Will49} cheap gas,  a case of beer and a big screen TV to watch the reality shows. That's all the masses need.
[13:06] {Will49} probably nemo also
[13:06] {Threei}  I dunno... I suspect he is laughing at me for my attemots...
[13:06] {_robbers} Progress on JPM, now defending 81 instead of 82. LOL.
[13:07] {Threei}  well, with this blistering speed we might get blisters on our skin
[13:07] {_robbers} JPM is boring itself to death.  Just a matter of time.
[13:07] {Threei}  but heck, no salesperson in any store ever checked the speed with which I made money before deciding to sell me something or not
[13:08] {_robbers} But, Three, they should give you a discount on the camera.  For patience.
[13:08] {Threei}  "sorry sir, we can't sell this big screen TV to you... it took you 3 hours to make this money, and out cut-off limit is 2h 30 min"
[13:09] {Will49} :)
[13:09] {Threei}  yessss
[13:09] {scottie} :)
[13:09] {_robbers} Personally, I like slow trades, keeps me from dangerous things.  Like dating.
[13:09] {Threei}  got a fill on the remained of first partial
[13:10] {scottie} not filled yet here
[13:10] {Threei}  yeah, I too used to think dating wasn't dangerous untill my wife explained it to me...
[13:10] {RonS} so, saying slow trades keep you from dating?
[13:10] {_robbers} LOL.
[13:10] {Threei}  with rolling pin
[13:10] {Threei}  good explaining tool you know
[13:10] {Threei}  at par with 2x4
[13:11] {_robbers} Cheating punishment would be with 4x4, big offense, big punishment.
[13:12] {Threei}  I dunno, moment of stunning clarity is easily achieved with 2x4 too
[13:12] {Threei}  I believe things will develop faster ater .80 is broken
[13:14] {scottie} .81 partial could'nt get filled yet
[13:14] {scottie} am I the only one?
[13:16] {thomcbell} iwm constructive here
[13:18] {scottie} finally, after nearly 2 hours
[13:18] {Threei}  whew
[13:18] {Threei}  you better get ready for that talk with salesperson
[13:18] {scottie} lol
[13:18] {Threei}  have a printout to show that it was under 2 1/2 h
[13:19] {Threei}  btw, what ECN have you bid on?
[13:19] {scottie} arca
[13:20] {Threei}  ok, this might be the reason... ARCA had much more shares that INET
[13:20] {Threei}  you may want to use ECN with less shares
[13:20] {Threei}  so if someone uses that particular route, you are closer to the head of the line
[13:20] {dptl} i noticed bats filling fast latly
[13:21] {scottie} didn't know that, thanks
[13:21] {Threei}  it's not alwasys the case, but odds are in your favor
[13:21] {Threei}  worth experimenting
[13:21] {dino} calling it a week all. thx, good week for me
[13:21] {scottie} I normally use the auto route button
[13:21] {Threei}  take care dino, have a great weekend
[13:21] {Threei}  based on this:
[13:22] {Threei}  many routing algorythms have the sequence
[13:22] {Threei}  hit the ECN of choice first, then sweep all the rest
[13:22] {dptl} you can use t&s to see what ecn is filling the most (if you use laser)
[13:22] {Threei}  so if ou put your order adding liquidity on less populated one,
[13:23] {Will49} Thanks Vad for ECN ideas...what we noobies need
[13:23] {Threei}  slgos of this one will take your shares before sweeping oter ECNs
[13:23] {Threei}  algos
[13:23] {Threei}  it's a balance things though,
[13:23] {Threei}  as that ECN ,might just be less popular for some reason
[13:23] {Threei}  and fewer people use it as basis for their orders
[13:24] {Threei}  in which case you may actually find yourself further in line
[13:24] {Threei}  So, picking one that has fewer shares but still fairly popular is the idea
[13:24] {Threei}  luckily these situations are not frequent
[13:25] {Threei}  ok, stop is for sure .91 now
[13:25] {Will49} will it get better when volume increases?
[13:25] {Will49} using ARCA
[13:25] {Threei}  it very well may be stock specific
[13:26] {Will49} ahhh
[13:26] {Threei}  look at Level 2 to see who has more shares, look at T&S to see where most executions occur
[13:27] {thomcbell} long setup wprt 38.86 break if holding 38.78
[13:28] {scottie} The more I learn, the more I find out I know nothing
[13:28] {dptl} will....in laser if you open t&s + window, it will show you wich ecn is filing the most, that will give you an idea wich route to use
[13:28] {thomcbell} 1/2 lot due to time of day, week, month and decade
[13:28] {Will49} so true scottie
[13:28] {Will49} I'll probably be in this room till I die
[13:28] {dptl} lol
[13:29] {Will49} tks dp...yes I see that
[13:29] {dptl} :)
[13:29] {Threei}  that's what nemo said when bunny locked him from outside and threw keys away
[13:39] {Beau} dptl help me here,  T&S+ on JPM. see F-ADF a lot but don't recog.  what am i missing?,
[13:42] {Threei}  are you looking unde Exg tab?
[13:42] {dptl} i think it's one of the exenges, but i think you have to keep an eye on routs you have available for execution such as arca, bats edgx nsdq
[13:43] {dptl} ect
[13:43] {dptl} some you will see you have no acces to
[13:43] {Beau} and they show in the Exc column?
[13:44] {Beau} Exg
[13:44] {dptl} yes exg column
[13:44] {Threei}  also, do this
[13:44] {Threei}  right click on the window,
[13:44] {dptl} on t&s plus only
[13:44] {Threei}  settings,
[13:44] {Threei}  and under Filter settings check View Trades Only
[13:45] {Threei}  this will rid of those empty lines
[13:45] {Threei}  and make widnow more readable
[13:45] {dptl} yes that to...you don't need to see bid and offers there trades only
[13:45] {Threei}  rght
[13:46] {Beau} got it. have not messed with route before. Thanks both for the direction.
[13:47] {Threei}  dp, I have a question too... look dcc pls :)
[13:49] {thomcbell} stop to 38.84 on wprt
[13:51] {dolores} I was out
[13:51] {dolores}  are you guys still half on JPM?
[13:52] {dolores} with stop .91
[13:52] {Threei}  yes dolores
[13:52] {dolores} thank you
[14:03] {nemo} I see IWM topped out at WR2
[14:08] {Threei}  let me hlp you spend time
[14:08] {Threei}  http://goo.gl/1G9c
[14:12] {Will49} idle hands are the devil's playground
[14:12] {nemo} sounds like fun to me
[14:12] {Will49} that's the way I'll practice for fast trigger fingers
[14:14] {Threei}  ok
[14:14] {Threei}  closed second ha;f
[14:14] {Threei}  too bad
[14:15] {Threei}  THEY defended .80
[14:15] {Threei}  I hate THEY
[14:15] {scottie} and THEY don't eve know you exist...
[14:16] {scottie} even
[14:16] {nemo} might get a tna bounce soon
[14:18] {Threei}  that adds insult to injury, scottie
[14:19] {Threei}  :)
[14:19] {scottie} I know, I know, we're in the same boat on that one
[14:19] {Threei}  and, after watching too much shark footage over last few days,
[14:20] {Threei}  "we may need a bigger boat"
[14:20] {scottie} lol
[14:20] {scottie} Guess you won't pay for your new camera today
[14:22] {Threei}  it's not released yet
[14:22] {Threei}  they just confirmed it's coming
[14:22] {scottie} But you have to buy a bigger boat first
[14:24] {Threei}  don't confuse me... I get confused quite well on my own
[14:24] {scottie} :)
[14:28] {thomcbell} have a good weekend everyone -
[14:28] {scottie} bye tbell
[14:28] {Threei}  you too tbell
[14:31] {nemo} hah, underestimated the bounce
[14:35] {Threei}  TTN called today "sleepy trading"
[14:35] {Threei}  no kidding
[14:41] {ese} GO! LEN FRIGGIN GO!
[14:44] {nemo} mmmhhhhh...spy is getting that rebate trade look
[14:47] {Threei}  lol
[14:47] {nemo} lulu wtf
[14:49] {Threei}  (US) Consumer Financial Protection Bureau (CFPB) adjusts mortgage lending rules so flat processing fees will no longer be included in rules- Adjust rules so that a no fee loan option will be available to the borrower along with no points
[14:52] {nemo} big gap up on Monday
[14:56] {Threei}  or not
[14:56] {nemo} I don't think Sep 12th is a big deal anymore.  If the Supreme Court comes out against it, we'll have a brief, harsh sell off as a buying opportunity..there is too much acceptance already that the Eurozone will not survive it's current structure
[14:56] {nemo} its
[14:57] {Threei}  Ron... got the movie
[14:57] {RonS} hmmm, how?
[14:57] {Threei}  you might be respinsible for 2h10m05sec of my life
[14:58] {RonS} the thing is a gas...the chase scene is fantastic...and the characters are hilarious
[14:58] {nemo} oh bummer:  Ebay bans the sale of curses, spells and hexes.
[14:59] {Threei}  looking forward... dscription does sound temtping
[15:00] {RonS} warning, not a chick flick...had to watch when wife to bed here
[15:00] {ese} out len .73 +.04.....man that was painful
[15:00] {Threei}  I woul;dn't expect a chick flick recoomendation from you
[15:01] {Threei}  and we usually watch this kind together... chick flicks she watches alone
[15:05] {nemo} spy breaks yesterday's high, expect 142.50
[15:05] {nemo} excuse me, this mornings high
[15:05] {Threei} Long Setup:  KORS  .30 break hl
[15:06] {nemo} oh well
[15:06] {Threei}  change to .25
[15:06] {Threei}  If holds  .15
[15:11] {dolores} AAPL breaking highs again!
[15:12] {Threei}  no go
[15:13] {dolores} out
[15:14] {nemo} aapl probably gonna' have another serious run this fall
[15:14] {Threei}  Apple surpasses $600 billion in market value, hits record high
[15:15] {nemo} actually, when do you have to be a stockholder of record for the special dividend?
[15:15] {nemo} that might be the end of it
[15:16] {nemo} http://news.yahoo.com/blogs/trending-now/woman-could-fined-600-giving-children-free-lunches-192644564.html
[15:20] {nemo} http://fwd4.me/17oA
[15:22] {Will49} terrible
[15:22] {nemo} we let the animals run free here
[15:22] {Will49} good case for guns
[15:23] {nemo} actually, inside 20 feet you have no chance
[15:23] {Will49} how so?
[15:24] {nemo} I'll close the distance before you get your gun unholstered
[15:24] {nemo} if the guy can reach you by just flopping across the counter, you have no time
[15:24] {Will49} yeah
[15:25] {nemo} on top of that, most people 1) aren't expecting to be attacked, and 2) have no idea what to do
[15:26] {Will49} true
[15:26] {nemo} Initial reactions are usually to step backwards, which immediatel puts you off balance
[15:26] {nemo} If we were meant to go backwards we'd have toes attached to our heels
[15:26] {Will49} sounds like you've had some experience
[15:26] {nemo} Yep
[15:27] {Will49} I'm afraid to ask
[15:27] {Will49} so I won't
[15:27] {nemo} I usually answer it this way:  I am adept at helping troubled souls make the transition
[15:28] {Will49} Jeeez
[15:28] {nemo} In the immortal words of the Goldman Sachs dude...I'm just doing God's work
[15:28] {Threei}  he means he is a shrink
[15:29] {dolores} is this conversation for real?
[15:29] {nemo} Nah...shrink didn't want to see me anymore
[15:29] {dolores} or are you joking?
[15:29] {nemo} I gave him nightmares
[15:29] {nemo} about what Dolores
[15:29] {nemo} ?
[15:30] {Beau} if he told you, he would have to kill you
[15:31] {Threei}  oh, mellow down... Dolores starts regretting she ever met you all :)
[15:31] {Will49} hope we get an alert before this goes further
[15:31] {nemo} She hasn't met me
[15:31] {nemo} Dolores dcc
[15:32] {Will49} see what inactivity does?
[15:33] {Will49} are we seeing traders unload for the weekend?
[15:33] {Will49} or is it too early
[15:33] {nemo} yeah,   profit taking
[15:33] {nemo} Taste's like chicken
[15:34] {Threei}  no news
[15:34] {nemo} I decided to jump ahead a few levels of incredulity
[15:34] {Threei}  watching TZA for pullback entry
[15:36] {Threei}  Military trial for accused Fort Hood shooter Major Nidal Hasan delayed indefinitely over beard issue, Public Affairs office says
[15:36] {nemo} huh?
[15:37] {Threei}  they decide whether they can make him shave
[15:37] {_robbers} They should shave his beard off with a machine gun.
[15:37] {Will49} beard might get in the way of the noose
[15:38] {nemo} they should shave his nuts
[15:38] {Will49} tell us how you really feel
[15:39] {Beau} about Army regulations concerning beards, not trial
[15:39] {nemo} I would need a pair of pliers and toothpicks
[15:39] {nemo} alcohol
[15:39] {nemo} a bucket
[15:39] {Threei}  HOUSTON � The Army psychiatrist accused of killing 13 people in a 2009 shooting rampage at the Fort Hood Army base in Killeen, Texas, won a temporary delay of his trial Wednesday, after a military appeals court halted the proceedings to allow time to rule on whether a judge in his case can order him to be forcibly shaved.
[15:39] {Threei}  The Muslim psychiatrist, Major Nidal Malik Hasan, grew a beard recently � an expression, his lawyers said, of his faith. Beards violate Army regulations, and Fort Hood�s chief circuit judge, Colonel Gregory Gross, has forbidden Hasan to sit in the courtroom at Fort Hood as a result.
[15:39] {nemo} masking tape
[15:39] {nemo} and a large rat that hadn't eaten for 3 or 4 days
[15:39] {nemo} duct tape
[15:40] {Will49} that'll do it
[15:40] {Threei}  TZA pullback under .30
[15:40] {Threei}  and I am interested
[15:40] {Threei}  even though time will be tight, just a closing scalp
[15:40] {dolores} did this thing went off on its own or my computer?
[15:40] {Threei}  no, something on your end
[15:41] {nemo} huh?
[15:41] {Threei}  our server's fine
[15:41] {dolores} ok
[15:41] {nemo} I didn't do it
[15:41] {Will49} it was all the toxic chat dolores
[15:41] {nemo} toxic
[15:41] {nemo} mmhhhh
[15:42] {Will49} cant' choose my words wisely and watch TZA at same time
[15:43] {nemo} Headlines:  Majority in U.S} Drink Alcohol, Averaging Four Drinks a Week
[15:43] {nemo} Oh Oh
[15:43] {nemo} guess I'm off at the 4th standard deviation
[15:45] {Threei}  ok, getting interested
[15:45] {Threei} Long Setup:  TZA  .30 break
[15:45] {Threei}  If holds  .25
[15:47] {Threei}  Invalidated
[15:47] {nemo} no lower lows...I expect around 143 spy on Monday and IWM around 83
[15:47] {Will49} so am I...see you guys next week
[15:47] {Threei}  no time for another setup...
[15:47] {nemo} thanks for the warning
[15:47] {Threei}  last attempt
[15:48] {nemo} don't let the door hit you on the way out
[15:48] {Threei} Long Setup:  TZA  .25 break
[15:48] {Threei}  If holds  .20
[15:49] {nemo} look at this
[15:50] {nemo} hehehehe
[15:50] {Threei}  yeah
[15:50] {nemo} next week is gonna' be through the roof
[15:50] {Threei}  ok, no trades anymore
[15:50] {Threei}  this would really desperate
[15:50] {Threei}  thank you all, have a great weekend
[15:51] {Threei}  see you Monday
[15:51] {dptl} good weekend all
[15:51] {scottie} see you all monday
[15:52] {dolores} thank you guys see you monday !!
[15:52] {nemo} even me dolores?
[15:52] {dolores} have a great weekend
[15:52] {dolores} yes nemo
[15:52] {nemo} awwww shucks!
[15:52] {dolores} definitely you
[15:53] {dolores} take care
[15:53] {nemo} I'm blushing
[15:57] {nemo} Iwm gonna go