Monday, November 12, 2012

Nov 12 2012

Slightly negative day, as exceptionally low volume kept follow-through minimal. win, loss, three wins, three losses, win... you got the idea.

Session Time: Mon Nov 12 00:00:00 2012
[09:01] {scottie} good morning
01[09:02] {Threei}  morning scottie
[09:02] {scottie} Will be away for an hour or two, but keeping a channel open
[09:08] {dino} gm
01[09:09] {Threei}  dino :)
01[09:10] {Threei}  51% Think Auto Bailouts Were Good for the United States
01[09:11] {Threei}  see what I meant when said we are witnessing major remaking of american psyche
[09:18] {Will49} GM
01[09:18] {Threei}  will :)
[09:20] {nemo} interesting experience waking up to a rabbit sniffing your face
01[09:21] {Threei}  try not to fall asleep with carrot in your ear?
[09:21] {nemo} not usually in that orifice
[09:24] {Les} morning
[09:24] {Les} or afternoon  as the case may be
01[09:25] {Threei}  les :)
[09:25] {Beau} good morning
01[09:25] {Threei}  beau :)
01[09:28] {Threei}  main challenge as with all gap up days is...
01[09:29] {Threei}  to tell early whether we face slow climb up or reversal
[09:29] {cipher} gm
01[09:29] {Threei}  keep an eye on CAT that didn't get a memo about gap up
01[09:29] {Threei}  cipher :)
01[09:30] {Threei} Short Setup: CAT  .50 break hl
01[09:30] {Threei}  not much chance
01[09:31] {Threei}  but if by some miracle you got itm you know what to do
01[09:31] {Threei} Long Setup:  FCX  .60 break hl
01[09:31] {Threei}  If holds  .50 
[09:32] {ese} morning got carried away reading about Petraeuses career
01[09:32] {Threei}  lol
[09:32] {thomcbell} looking for a long setup in FB - has been a relentless selloff since the positive earnings response
01[09:32] {Threei}  ese :)
01[09:33] {Threei}  let's trail to .54
01[09:33] {Threei}  takes too long
01[09:33] {Threei} Long Setup:  LVS  .60 break
01[09:33] {Threei}  If holds  .50 
01[09:34] {Threei}  FCX 1:1
[09:34] {ese} L btu .41
[09:36] {Les} DB cat?
01[09:36] {Threei} Short Setup: CAT  .25 break hl
01[09:36] {Threei}  If holds  .35 
[09:38] {nemo} cat two way
01[09:38] {Threei}  probably
01[09:38] {Threei}  not liking widening spread
[09:38] {nemo} is it trading :-)
[09:39] {nemo} gappy trading for cat
01[09:39] {Threei}  it is
01[09:40] {Threei}  trail LVS to .54
01[09:40] {Threei} Short Setup: FCX  .65 break
01[09:40] {Threei}  If holds  .70 
01[09:43] {Threei}  no go FCX
[09:43] {nemo} think today is buy support sell resistance
[09:43] {dino} fwlt gap fill
[09:43] {thomcbell} yes thats how it feels to me 
01[09:43] {Threei}  LVS 1:1
01[09:43] {Threei}  target 1:2
[09:47] {thomcbell} long setup FB 19.10 break if holding 19
[09:47] {thomcbell} playing this one by the book 
[09:47] {cipher} fwlt l .55
01[09:48] {Threei}  1:2
01[09:48] {Threei}  out
01[09:48] {Threei} Long Setup:  FCX  .70 break
[09:48] {Les} me 2 ty
01[09:48] {Threei}  yw
[09:50] {Les} wow was wondering which way for SLW
[09:54] {cc_8} Hill International Selected as Construction Manager for $1.4B Rising Sun Taipei City in ChinaPosted on: Monday, November 12, 2012 - 9:32am Hill . International (NYSE: HIL), the global leader in managing construction risk, . announced today that it has been selected by Rising Sun International
01[09:55] {Threei} Short Setup: MET  .85 break
[09:56] {cc_8} Spain's Bankia reports 4 billion euro loss, to receive immediate aid
01[09:57] {Threei}  (GR) Parliament in Germany said to be planning to hold vote on the Greece aid at some point next week - financial press
01[09:58] {Threei}  (GR) Preliminary Troika technical report said to indicate Troika sees "very large risks" related to the Greece program, sees more financing needs in 2015-16 period - financial press- Troika sees perceptible improvement of compliance by Greece. - Greek program shortfalls said to stem from slow growth rates and delays in asset sales. - Notes Greece will need an added �15B through 2014
[09:59] {cipher} fwlt stopped .46 -.09
01[09:59] {Threei}  let's keep MET at .91
[10:01] {dino} fwlt l .53
01[10:02] {Threei} Long Setup:  ED  .25 break
01[10:02] {Threei}  ugh, late
[10:04] {nemo} spy iwm long setup
[10:04] {nemo} don't know if much in it today
01[10:04] {Threei}  not very clear
01[10:05] {Threei} Long Setup:  SLW  .25 break
01[10:05] {Threei}  If holds  .15 
[10:05] {cipher} fwlt l.53
[10:07] {Les} db play slw=
[10:07] {Les} ?
01[10:08] {Threei}  could be, not clear hyet
01[10:08] {Threei}  SPY is hesitant
01[10:08] {Threei}  can't make up its mind
[10:08] {Les} yeh BB's tightening here 1 min
01[10:08] {Threei}  feels to me like resolution is about to come in a form of breakdown
01[10:09] {Threei} Short Setup: CAT  85 break hl
01[10:09] {Threei}  If holds  .10 
[10:10] {dino} bzh hl l .55
01[10:11] {Threei} Short Setup: SLW  .07
01[10:11] {Threei}  If holds  .15 
01[10:11] {Threei}  here comes my breakdown
01[10:12] {Threei}  CAT target 1:3
01[10:15] {Threei}  is it blind or what
[10:16] {cipher} BZH S .53
[10:16] {cipher} COV 1/2 .41
[10:18] {dino} bzh stop -.22
[10:20] {Will49} the cat is taking a catnap
01[10:21] {Threei}  not liking such a long stall
[10:22] {cipher} cov rest bzh .21+.32
01[10:23] {Threei}  oh well
01[10:23] {Threei}  not following the market
01[10:23] {Threei}  interestingly, not many stocks did
[10:24] {cipher} bzh l .91
01[10:25] {Threei}  FCX lmost looks like it mirros market in opposite direction
01[10:25] {Threei} Short Setup: HPQ  .55 break
01[10:25] {Threei}  If holds  .60 
01[10:26] {Threei}  this is slow one
01[10:26] {Threei}  don't take it if you are a jittery type
01[10:28] {Threei}  watching FB for long
01[10:28] {Threei} Long Setup:  FB  .05 break
01[10:28] {Threei}  If holds  .95 
01[10:29] {Threei}  target 1:3
[10:29] {dino} clf hl l .27
[10:30] {cipher} out fwlt .89 -.02
[10:32] {ese} L btu avg .48
[10:33] {dino} if they can't take them down soon, up we go imo
[10:33] {cc_8} j2 Global Acquires Ziff Davis For $167MPosted on: Monday, November 12, 2012 - 10:13amj2 Global (NASDAQ: JCOM), the provider of business cloud services, . today announced that it has acquired Ziff Davis, Inc., a leading media company .
[10:33] {cc_8} Mid-Morning Market Update: Markets Continue Cautious Rally; Jefferies Acquired by Leucadia
01[10:38] {Threei}  noise from EU is deafening today
01[10:38] {Threei}  (EU) France Fin Min Moscovici: Germany and France have a strong relationship, there are no misunderstandings between the nations- Would like to see an agreement reached on Greece later tonight. - A decisive political agreement needs to be arrived at durning today's meeting. - We may not solve all of Greece's problems today, but today's outcome cannot be negative or neutral. - It is normal for Germany to study the French economy (*Note: over the weekend, there were reports that Germany Finance Minister Schaeuble said to have asked panel of German 'wise men' to conduct study of French economy to highlight lack of efforts to improve competitiveness). - Germany Fin Min Schaeuble: German Parliament needs to endorse any final decision on Greece.
01[10:38] {Threei}  no misunderstandings, eh
[10:39] {Les} negative or neutral for who?
[10:39] {Les} everyone gets it now
[10:39] {Les} saving German bankers, not greece
01[10:40] {Threei}  Greece is beyond salvation
01[10:40] {Threei}  save a box of matches or Greece, choice is clear
[10:42] {Les} 28 August 2013 earliest date for German federal elections
[10:42] {Les} god I hope Greece goes bust earlier or the jawboning is gonna be torture
[10:43] {dino} fwlt to .69
[10:43] {dino} clf to .51
[10:44] {cipher} out fwlt .73 +.20 took forever
[10:44] {dino} out clf +.24
[10:44] {dino} out fwlt +.16
01[10:46] {Threei}  wtg
[10:48] {dino} ty
[10:50] {nemo} does gild go momo
01[10:50] {Threei}  HPQ is valid again
01[10:51] {Threei}  especially if SPY loses .20
01[10:52] {Threei}  (GR) Austria Fin Min Fekter: Giving Greece more time will be 'difficult'; hard to envision taxpayers providing Greece more money- Not expecting a decision to come on Greece today
[10:53] {dino} no matter what greece defaults, so get on w/it
01[10:54] {Threei}  I wosh they did
01[10:54] {Threei}  wish
01[10:57] {Threei}  - US equities got an early bump as deal hunters stepped in to buy after last week's post-election swoon, however indices were back to the flatline within the first hour of trading. Note that fixed income trading is shut today in observance of Veterans' Day. Trading volumes are significantly below average. There is little economic data to trade off this morning, and there has been some anxiety about the Greek situation. The EU confirmed receipt of a technical report from the Troika but warned that no decision was expected on extending bailout conditions or releasing the next tranche of aid. EUR/USD was steady above the 1.27 handle
01[11:00] {Threei}  HPQ has no support in sight
01[11:02] {Threei}  let's cover first part here
[11:02] {thomcbell} lvs looks vulnerable too but too fast down here 
01[11:02] {Threei}  stop to .56
01[11:03] {Threei}  LVS is short consideration if bounces to .35 - .40 zone
01[11:03] {Threei}  let's scratch FB into this bounce
01[11:04] {Threei}  out .04
[11:06] {dino} fb lockup 11/14 i think
01[11:06] {Threei}  yes, about 750 mln shares
01[11:10] {Threei} Short Setup: LVS  .35 break
[11:12] {dino} cnqr hl l .00
01[11:12] {Threei} Short Setup: EXC  .85 break
01[11:12] {Threei}  If holds  .90 
01[11:18] {Threei}  another SPY leg down is coming
[11:20] {Les} JPM
[11:22] {thomcbell} y jpm and aapl 
[11:24] {ese} ya ...if that leg down comes am gonna have to exit btu even probably
[11:24] {Les} stop sweep exc?
01[11:25] {Threei}  ?
[11:25] {Les} 1 print of 31.14 and loooong tail
01[11:26] {Threei}  I see nothing like that
[11:26] {Les} really? I saw it in T&S
[11:26] {Les} definitely got a tail extending to .14
01[11:26] {Threei}  none on my chart
[11:27] {Les} strange. fusion shows it
01[11:27] {Threei}  anyone else got this?
[11:27] {scottie} not here
[11:27] {Will49} nor here
[11:29] {dino} jwn hl l .15 trig
[11:30] {Les} sent it to ya email
01[11:31] {Threei}  I believe you
[11:31] {dino} out cnqr .35, +.35
01[11:32] {Threei}  LVS stop .41
[11:35] {Les} got an admin message- please route away from SDOT/NYSE experiencing technical issues
01[11:39] {Threei}  HPQ, tried to cover second partial at .36, no takie
01[11:39] {Threei}  stop to .51 now
01[11:40] {Threei}  read this load of horse manure
01[11:40] {Threei}  IMF's Lipton: Fiscal adjustments worldwide should be conducted in 'growth friendly' ways- Affirms that if nothing is done on the US fiscal cliff the US will fall into a recession. - Central banks should be prepared to provide stimulus.
01[11:40] {Threei}  do they have any other word ijn their vocabulary but "stimulus"?
[11:40] {Les} growth friendly
[11:40] {Les} love it
01[11:41] {Threei}  it's like reflex in them,
01[11:41] {Threei}  when offered word "recession" they answer stimulu
01[11:41] {Threei}  growth - stimulus
01[11:41] {Threei}  wanna drink? - stimulus
[11:41] {Les} Skyfall
01[11:42] {Threei}  just think, this bunch one one-rail idiots runs the world
01[11:43] {Threei}  up to today I thought Lipton was a tea... now I know it's also synonym to idiot
[11:43] {Les} :)
[11:43] {cc_8} Mylan (NASDAQ: MYL) shares jumped 1.86% to create a new 52-week high of $26.35. Mylan's PEG ratio is 1.09.
01[11:46] {Threei}  The US Could Become World's Largest Energy Producer by 2017
01[11:46] {Threei}  who said we can't drill our way to energy independence?
[11:47] {nemo} not if Obama has anything to saya bout it
01[11:47] {Threei}  it happens on private lands
01[11:47] {Threei}  not on federal
[11:47] {nemo} no such thing as private property here any more Komrade
[11:48] {nemo} silly Vad
01[11:48] {Threei}  sorry Komrade
01[11:48] {Threei}  I don't know what I was thinjing
[11:48] {nemo} I"m having a problem staying awake today
01[11:48] {Threei}  I withdraw my stupid and inappropriate remark
[11:48] {nemo} Lumpin pisdah
01[11:48] {Threei}  and if you are not willing to forgive me, I'll self-depot to Gulag
01[11:49] {Threei}  deport
[11:49] {nemo} cut trees for the proletariat
01[11:49] {Threei}  and produce coal
[11:49] {nemo} That's what Zhukie used to say about his time there
[11:49] {dino} if they stop fracking the energy boom will die
[11:49] {nemo} I was cutting trees for the glory of the proletariat
[11:49] {dino} obummer against fracking
01[11:49] {Threei}  out second partial HPQ
[11:49] {ese} hey .....who are you calling a proletariet
[11:49] {nemo} I'm against humanity...too much Co2 and methane
[11:50] {ese} lol
01[11:50] {Threei}  not you ese, you are intelligencia
[11:50] {nemo} don't worry ese, your a pisdah
[11:50] {nemo} nice one Vad
[11:50] {ese} ok then.........!!!!
[11:50] {Les} hehehe
[11:50] {nemo} I'd rather be a lumpin
01[11:50] {Threei}  HPQ, aiming for .25 with final cover
[11:50] {ese} pisdah?
[11:50] {nemo} hehehehehe
01[11:50] {Threei}  although this thing looks to me bottomless'
[11:51] {nemo} JCP fur crissakes
[11:51] {ese} don't get angry es..........get moto ever
[11:51] {dino} bzh hl l .30
01[11:51] {Threei}  if I were in the mood for swing trade, this is the short I'd hold
[11:52] {ese} bzh?
[11:52] {ese} or jcp
01[11:52] {Threei}  11:50] {Threei} HPQ, aiming for .25 with final cover
01[11:52] {Threei}  [11:50] {Threei} although this thing looks to me bottomless'
01[11:52] {Threei}  [11:51] {Threei} if I were in the mood for swing trade, this is the short I'd hold
01[11:53] {Threei}  EXC, bid first partial .76
01[11:56] {Threei}  gosh LVS, you asre so annoying
01[11:57] {Threei}  covered part EXC
01[11:59] {Threei}  finally
01[11:59] {Threei}  first partial out LVS
01[11:59] {Threei}  that's three shorts working
01[11:59] {Threei}  day becomes much brighter
[12:03] {scottie} are you targeting 1:2 or 1:3 on those two trades Vad ?
01[12:05] {Threei}  HPQ 1:3
01[12:05] {Threei}  EXC 1:2
01[12:05] {Threei}  LVS 1:3
[12:05] {scottie} tks
01[12:08] {Threei}  strictly speaking, they had 5 cents stops, so it's double targets... but let's not get too technical :)
[12:09] {nemo} celg might be worth a short play here
[12:09] {nemo} but vwap just above 76
01[12:15] {Threei}  LVS second cover
[12:16] {thomcbell} me too - thanks for the entry - 
01[12:19] {Threei}  :)
[12:20] {dino} out jwn .55, +.40
[12:22] {scottie} exc +.16 ty Vad
01[12:22] {Threei}  yw
[12:23] {ese} spyders look like a double B to me.......possibly just need to break through .20
[12:24] {scottie} lvs +.19 ty
01[12:25] {Threei}  :)
[12:25] {nemo} spy iwm making vwap run spy 200 is .28
[12:26] {Les} cover quarter .66
01[12:28] {Threei}  covering EXC
[12:32] {Les} all covered ty sir
01[12:32] {Threei}  yw
01[12:32] {Threei}  very slow but productive
[12:33] {nemo} there's vwap for spy, iwm almost there, pivots next
[12:33] {ese} L BTU AVG .47
[12:35] {scottie} AEP s .05 if holds .10
[12:35] {scottie} ?
01[12:36] {Threei}  yup
[12:36] {ese} hmmmmmm make that .466642
[12:36] {ese} ya .47
01[12:36] {Threei}  lol
01[12:40] {Threei}  45% Think Marijuana Should be Legalized, 45% Disagree
[12:41] {Will49} that's progress right there
[12:42] {Les} .07 break TNA looks good in the rear view mirror
[12:42] {scottie} The remaining 10 % is so stoned they don't understand the question
[12:42] {Will49} lol
01[12:42] {Threei}  lol
01[12:42] {Threei}  The remaining 10 %: it was illegal??
[12:43] {scottie} lol
[12:47] {scottie} EXC s .60 ?
01[12:48] {Threei}  not sure, feels exhausted for the day
[12:48] {scottie} ok
[12:55] {cc_8} Mid-Day Market Update: Markets Slow Their Rally; JC Penney Spikes Lower
[13:18] {nemo} Here's the confluences:
[13:19] {nemo} I'm outta here for the day
[13:19] {nemo} P&Q  Les, stop licking your ass
[13:19] {Les} :P
[13:22] {thomcbell} duh FB
01[13:23] {Threei}  yeah
01[13:23] {Threei}  my initial idea was:
01[13:23] {Threei}  everyone and their brother know about lockup date coming,
01[13:23] {Threei}  negative comments everywnere,
[13:24] {thomcbell} yy
01[13:24] {Threei}  no single person reacts on FB with anything other than "short!"
01[13:24] {Threei}  yet it holds decently, not making new lows
01[13:24] {Threei}  Clear trap ready to get closed
01[13:24] {Threei}  then it just lost chart formation for long
01[13:25] {Threei}  so I dumped it about breakeven, as SPY looked like breakdown (which was true at the moment)
01[13:25] {Threei}  then I just forgot about it, lol
01[13:25] {Threei}  if I watched, I'd get tempet by that .05 break again
[13:25] {scottie} Les, just got a print at 31.14 on EXC
01[13:25] {Threei}  at1 pm
[13:31] {dino} bzh stop -.21
[13:32] {Les} yeh 3 prints between .20 - .25 dunno what it means. almost all the same price
[13:32] {Les} between :20 & :25 I mean
01[13:34] {Threei}  it doesn't mean anything
01[13:34] {Threei}  prints out of bounds
01[13:34] {Threei}  could be late printfsd
01[13:35] {Threei}  could be erroneous prints
01[13:35] {Threei}  they don't influence antyhing
01[13:35] {Threei}  or signal anyuthing
01[13:35] {Threei}  sure, there isd always some consipracy theorist whi thinks it's market makers signal something to each other
01[13:36] {Threei}  guess what - he is a lipton
01[13:36] {Threei}  err, an idiot
[13:37] {ese} we there yet...........................zzzzzzzzzzzzzzzzzzzzzzzzzz
[13:37] {Will49} just like at scholl eh ese?
[13:37] {Will49} school
[13:37] {ese} yup
[13:39] {ese} am deciding whether to take my .08 profit on1600shs of not
[13:39] {ese} or
[13:39] {ese} put the stop in at .39 and go to the bar
[13:40] {Will49} let's take a vote
[13:40] {ese} ok............go for it
[13:40] {dino} bar it is
[13:40] {Will49} bar by far
[13:41] {ese} too funny
[13:41] {ese} i'm buyin............if i sell it 112 bucks should do it
[13:44] {ese} hmmmmmm.....take away commisions........internet fees..........vads board power.....mortagage............forget it..............i'm 200 in the hole...............ciphers' buyin
[13:45] {ese} make that vad..........your russian vodka for me vad.........make it a's a day off
[13:46] {thomcbell} come on FB
[13:46] {thomcbell} really Vad 
[13:46] {ese} swear at it..............that really woks on this board
[13:46] {ese} works
01[13:46] {Threei}  I am beyond lost
01[13:46] {Threei}  swear at what?
[13:46] {ese} fb
01[13:47] {Threei}  what do we want from it?
[13:47] {ese} thats in your book isn't it?  When all else fails.........swear at it.........the market will take notice and it will move
01[13:48] {Threei}  we are what? long? short? what price?
[13:48] {ese} ummmmmmmmm
[13:48] {ese} short
[13:48] {ese} companies still run by an idiot
01[13:49] {Threei}  yes but it doesn't mean it can't go up
[13:49] {ese} true
01[13:49] {Threei}  it squeezes overconfident shorts that thought those unlocked shares mean certain drop
[13:49] {ese} now i'm confused..........we all hate fb don't we
01[13:50] {Threei}  but if something is so ob vious and everyone knows it, there is no money in it
01[13:50] {Threei}  information-price divergence
[13:50] {ese} true oce again
01[13:51] {Threei}  (GR) ECB expands assistance to Greece banks through accepting more types of securities as collateral -
01[13:51] {Threei}  like, store receipt for pencils?
[13:51] {Will49} olives
01[13:51] {Threei}  as good collateral as any when it comes to Greek bank
[13:53] {ese} forgot to tell you.........had an audience with the liuetenant gover of British Columbia on Friday..........she loved my choir...broke out in tears........wanted to talk to me about the's called "Love and Honor"
[13:53] {Will49} honour
[13:53] {ese} y
01[13:54] {Threei}  don't listen to will ese, next thing you know he makes it spell "louve"
01[13:54] {Threei}  louve and honour
01[13:54] {Threei}  louve aund honour
[13:54] {Will49} me... keeper of the Queen's english
01[13:55] {Threei}  what can I say ese... dp also breaks down in tears when hears about your group
01[13:56] {Threei}  probably for the different reason though
[13:56] {Will49} it's the girls for dp
[13:56] {Les} jolly good Will
01[13:56] {Threei}  can you blame him?? :)
[13:57] {ese} am outta here stop is in at .39.......catch ya tomorrow
[13:57] {Will49} only two drinks now....
01[13:57] {Threei}  take care ese... but Iam confused even more
01[13:58] {Threei}  .39, with FB trading at .77?
01[13:58] {Threei} Short Setup: FB  .75 break
01[13:58] {Threei}  If holds  .85 
[13:59] {thomcbell} agree with this - u typed it quicker than me 
01[14:03] {Threei}  The IEA predicts the US will be producing 11.1 million barrels per day by 2020, compared with 10.6 million from Saudi Arabia.
01[14:03] {Threei}  any chance I could stretch my fuel tank, to fill up in 2021 next time?
[14:04] {Les} sure. walk
01[14:05] {Threei}  my subrub is larger than your whole country
[14:05] {Les} heheh
01[14:05] {Threei}  suburb
01[14:06] {Threei}  no go
01[14:10] {Threei}  wow
01[14:10] {Threei}  NYSE volume 137M shares, about 58% below its three-month average
[14:12] {dino} that explains a lot
[14:12] {dino} dhi hl l .01
[14:21] {dino} trlg
[14:21] {Will49} Mitt's underware company
01[14:22] {Threei}  takeover chatter
[14:22] {dino} ty
[14:23] {Will49} apologies if I offended anyone
[14:24] {dino} relax
01[14:24] {Threei}  will, we are equal opportunity disresopecters
01[14:25] {Threei}  we do not discriminate who we disrespect
[14:25] {Will49} tks guys
[14:25] {dino} with very thick skin
01[14:25] {Threei}  it's only fair
01[14:25] {Threei}  my main regret about Mitt losing is that he didn't get his chance to earn my disrespect
[14:25] {Will49} lol
01[14:26] {Threei}  it's boring to disrespect the same politician for 8 years
01[14:27] {Threei}  als, I have this glimmer of hope (only glimmer, mind you),
01[14:28] {Threei}  that not being tied by another election prospects and thinking of legacy only, maybe Obama can overcome his ideolgical restraints and move to the center and actually do some right things to do
[14:28] {dino} don't hold your breath
[14:28] {Will49} now that is HOPE
[14:28] {dino} he thinks he's god now
01[14:28] {Threei}  after all, he has access to actual data and can't remain blind to the crash coming
01[14:29] {Threei}  well... as I said... glimmer only :)
[14:29] {Will49} maybe he'll try to get contitution changed so he can run again :)
[14:29] {Will49} constitiution
[14:29] {dino} reverse your thinking...the more people out of work and receiving govt help, the more chance they vote democrat. it's a master plan 
01[14:30] {Threei}  well, fanatics already cahnt "michelle 2016"
01[14:30] {Threei}  chant
[14:30] {dino} so bad = good for his thinking
Session Close: Mon Nov 12 14:30:57 2012

Session Start: Mon Nov 12 14:30:57 2012
Session Ident: #discussions
02[14:30] * Disconnected
Session Close: Mon Nov 12 14:30:57 2012

Session Start: Mon Nov 12 14:31:17 2012
Session Ident: #discussions
03[14:31] * Now talking in #discussions
01[14:31] {Threei}  I know dino... you couldn't let me live 5 min in fanatsy world, could you
[14:32] {dino} never
[14:32] {dino} they should re-name their party the "hand-out" party
01[14:38] {Threei} Short Setup: FB  .80 break
01[14:38] {Threei}  I don't like to be stubborn, but the setup is too good
01[14:42] {Threei}  it just has to be good for 1:2 at least
01[14:52] {Threei}  sigh
01[14:53] {Threei} Short Setup: SLW  .35 break
01[14:53] {Threei}  If holds  .45 
[14:58] {dino} ypf
01[14:59] {Threei}  Invalidated  
01[15:10] {Threei} Short Setup: RAI  .60 break
01[15:20] {Threei}  (US) S&P's Chambers: Any temporary agreement on US fiscal issues would not substantially change the ratings outlook; a 'grand bargain' is necessary for the US rating- Calls on authorities to come to a long term deal to stabilize the debt to GDP ratio in order to affirm rating - A lasting deal needs revenue gains and spending cuts - Notes that the US cannot grow out of fiscal issues }- Affirms that going off the fiscal cliff would not automatically lead to a downgrade
01[15:20] {Threei}  every shmack has an opinion
01[15:21] {Threei}  (GR) ECB said to have denied it will broaden collateral for Greece ELA; collateral eligibility not changed
01[15:21] {Threei}  oops... no pencil receipts
[15:21] {cc_8} Microsoft (NASDAQ: MSFT) CEO Steve Ballmer told French daily Le Parisien that sales of the company's first tablet "are starting modestly." .
[15:21] {Will49} olive crop is safe
[15:22] {cc_8} Shares of beaten down biotech name Dendreon (NASDAQ: DNDN) are higher during Monday's trading session after the stock was initiated at Needham with a Buy rating.
01[15:22] {Threei}  modestly eh
01[15:22] {Threei}  euphemism for "no one wants our tablet"
[15:22] {cc_8} Shares of beaten down retailer Best Buy (NYSE: BBY) are higher on Monday after the company named retired Williams-Sonoma (NYSE: WSM) executive Sharon McCollam as its new chief financial officer
[15:28] {Les} If ever you were curious - the origins of Duff beer
[15:28] {Les}
01[15:28] {Threei}  I am only urious why no single trade works after lunch
01[15:29] {Threei}  curious
[15:29] {Les} urious works for me
[15:30] {Will49} urious=pissed off
[15:30] {thomcbell} and he went from almost dying from drugs to one who treats his body like a temple
[15:30] {Les} curious/furious... good one will
[15:30] {Will49} :)
[15:31] {Les} RAI is 15 min bubble breaker to the downside
[15:31] {Will49} is that good?
[15:31] {Les} at .68 it returned inside BB's
[15:31] {Les} like a rubber band Will, stretched in the drop from .80. It 'snapped back'
[15:32] {Les} whether it holds and drops again....?
[15:32] {Will49} i see
[15:32] {Will49} i think
[15:32] {Will49} therefore i am
01[15:34] {Threei}  grrr
[15:34] {Will49} grrr=pissed off
[15:34] {Les} hehehe
[15:34] {Will49} kidding Vad
01[15:34] {Threei}  lol
01[15:35] {Threei}  last try for today
01[15:35] {Threei} Short Setup: JCP  18 break
01[15:35] {Threei}  If holds  .10 
01[15:41] {Threei}  wtf
01[15:45] {Threei}  die JCP
01[15:49] {Threei}  holding by fingertips
01[15:51] {Threei}  Magnitude 6.0 quake reported in the Gulf of Alaska
[15:51] {Will49} OK everybody...take the rest of the day off :)
01[15:51] {Threei}  9 min
[15:51] {Les} it's coming for you next Vad
01[15:51] {Threei}  and unfinished trade
[15:52] {Will49} I'm ducking and covering
01[15:52] {Threei}  well, this one actually moved farther from us
[15:52] {Will49} earthquake training
[15:52] {Will49} :)
01[15:52] {Threei}  previous one was farily close
01[15:52] {Threei}  new low
[15:52] {Les} one, two, three, four, make sure you've locked your doooor.
01[15:53] {Threei}  stop to .06
01[15:55] {Threei}  newer and lower low
01[15:56] {Threei}  1:1
01[15:56] {Threei}  woohooo
01[15:57] {Threei}  not too delighted, slightly negative anyway
[15:58] {Will49} TTFN guys
01[15:58] {Threei}  thank you all
[15:58] {Les} yeh good risk management control for me today. lessons well learned
01[15:58] {Threei}  have a good evening, we will get them tomorrow
[15:58] {Les}
[15:58] {Les} damn will, too fast
[15:58] {scottie} gn
[15:58] {Les} ciao all