Tuesday, December 11, 2012

Dec 11 2012

Decent day even though second half was a on a boring side.

Certain patterns often repeat themselves several times on intraday chart. In this case, we went for a short trade based on relative strength (FB was weaker than market overall, bouncing weakly while SPY hit new highs), and counting of repetition of the earlier sharp drop. That was exactly what happened. There also was somewhat humoristic element to a trade, read the embedded comments.

Session Time: Tue Dec 11 00:00:00 2012
[08:48] {dino} gm
01[08:49] {Threei}  morning dino
[08:57] {nemo} anybody here from Houston?
01[09:01] {Threei}  you might want to try again when more folks connect :)
[09:02] {patel} Good Morning All
[09:02] {patel} nemo: 6 hours away from Houston
01[09:02] {Threei}  patel :)
[09:02] {nemo} something tells me your not a Houston fan...
[09:03] {patel} lol
[09:03] {patel} huge Cowboys fan
[09:03] {patel} whcih is probably worst than being a Texans fan right now.
[09:09] {scottie} good morning
01[09:09] {Threei}  scottie :)
[09:09] {patel} gm scottie
[09:11] {thomcbell} aig strong as 10 men
[09:11] {scottie} patel
01[09:12] {Threei}  American International Group, Inc US Treasury confirms plans to sell remaining stakeof 234M common shares at $32.50/shr- Treasury will continue to hold warrants to buy 2.7M shares
[09:13] {thomcbell} an sales trader friend of mine says shares placed in strong hands - preference to large funds with longer than our holding period - :)
01[09:14] {Threei}  yup: Underwirters include BofA Merrill, Citi, Deutsche Bank, Goldman, JP Morgan
[09:15] {Beau} good morning
01[09:15] {Threei}  beau :)
[09:18] {Will49} Good morning
01[09:18] {Threei}  will :)
[09:19] {thomcbell} AIG originally failed around 34.18 this am and then pulled in to 33.78 or so and then just rallied back up to 34.28
[09:19] {thomcbell} i am very interested in buying a pullback
01[09:31] {Threei} Long Setup:  FCX  .30 break hl
01[09:32] {Threei}  If holds  .20
01[09:33] {Threei}  Invalidated
01[09:34] {Threei} Long Setup:  FB  .20 break
01[09:34] {Threei}  If holds  .10
01[09:35] {Threei}  no go
01[09:36] {Threei}  wow
01[09:36] {Threei}  no news
01[09:37] {Threei}  serious rug pull
[09:37] {nemo} mcp running in a short squeeze
[09:37] {thomcbell} short setup lvs 44.70 break if holding 44.80 half lot
[09:38] {thomcbell} lvs 1:1
[09:41] {thomcbell} lvs flat
[09:41] {dino} kmt drop, pulp
[09:42] {dino} hl l .00
[09:42] {nemo} euro markets on their highs
01[09:43] {Threei} Long Setup:  CAT  .45 break hl
01[09:43] {Threei}  If holds  .35
[09:45] {dino} trip drop
[09:46] {dino} halt
01[09:46] {Threei}  circuit breaker
[09:46] {thomcbell} long setup aig 34.26 if holding 34.16
[09:46] {nemo} wow, circuit breaker when it's up 10 %
01[09:46] {Threei}  CAT 1:1
01[09:47] {Threei}  1:2
[09:47] {scottie} +.19 tks Vad
[09:47] {thomcbell} aig 1:1
01[09:47] {Threei}  1:4
01[09:47] {Threei}  eeck
[09:47] {patel} tks Vad
[09:47] {Will49} tks Vad
[09:47] {patel} nice
01[09:47] {Threei}  welcome guys
[09:47] {thomcbell} aig 1:2
01[09:47] {Threei}  those breakers and for a change, direction agnostic
01[09:48] {Threei}  nice AIG
[09:48] {patel} what is a circuit breaker?
[09:48] {thomcbell} AIG 1:3 for a second
[09:48] {nemo} it's like a fuse when there's a power overload
01[09:49] {Threei}  idiotic invention... they halt stock if price changes 10% or more in some short time, don't remember which
[09:49] {nemo} under 5 minutes I think
[09:49] {patel} ahh
01[09:49] {Threei}  instituted after flash crash to save us from ourselves
01[09:50] {Threei}  as usual, does more harm than good
[09:50] {nemo} Tax those yacht buyers
01[09:50] {Threei}  but who cares, they need to be seen as taking measures
[09:50] {patel} on that FB i had a stop in place and it stopped me out 5 cents below my stop price.
[09:50] {nemo} ohh...mmmhhh put the boat companies out of business and all those blue collar jobs
[09:50] {nemo} we're going for Wr1 on spy and that volume resistance in the .40ish area
01[09:51] {Threei}  why do you use automated stops?
01[09:51] {Threei}  you are her, you can do it manually better
01[09:51] {Threei}  here
[09:51] {patel} my prop firm
[09:51] {patel} sent me an email to tell me that I need to have stops in place at all times.
[09:52] {patel} I got an email from them on Friday that if I am not in their chat room daily then they will cut my BP.
01[09:52] {Threei}  are you trading their money?
[09:52] {patel} it's my money but I am using their money as well.
[09:53] {dino} kmt to .36
[09:53] {cipher} infi l.67
[09:53] {dino} kmt to .40
[09:54] {cipher} out infi .07 +.40
[09:54] {dino} out +.40 kmt
[09:54] {Will49} caching dino!
[09:54] {Will49} ca-ching
[09:55] {dino} lol, ty
[09:55] {cipher} trip open
[09:56] {cipher} TRIP L.14
01[09:56] {Threei}  wow CAT
01[09:56] {Threei}  can we have some back?
[09:56] {cipher} out trip .44 +.30
[09:58] {thomcbell} half lot - FIO 22.30 break if holding 22.20
01[09:59] {Threei} Short Setup: FB  .95 break
01[09:59] {Threei}  If holds  .05
[09:59] {thomcbell} fio 1:1
[10:00] {thomcbell} lvs 44.80 break if holding 44.90 - half lot
[10:00] {thomcbell} fio 1:2
01[10:00] {Threei}  (US) Dec IBD/TIPP Economic Optimism: 45.1 v 50.0e
[10:01] {thomcbell} flat FIO 2.47
[10:01] {thomcbell} 22.47
[10:01] {thomcbell} wow AIG is a beast
01[10:04] {Threei} Short Setup: AIG  .60 break
[10:05] {dptl} good morning all
01[10:05] {Threei}  If holds  .70
01[10:05] {Threei}  dp :)
01[10:06] {Threei}  FB taregt 1:3
[10:06] {thomcbell} u still there on FB Vad?
01[10:06] {Threei}  AIG, le't trail to .66
01[10:06] {Threei}  1:1 FB
01[10:06] {Threei}  1:2
[10:07] {scottie} fb +.19 tks
[10:07] {robbers} out fb, thanks
01[10:07] {Threei}  :)
01[10:07] {Threei}  huh!
01[10:07] {Threei}  look at this
01[10:07] {Threei}  11 Dec 10:04[FB] Notes Facebook gifts service expanded to all of US effective today - financial press
[10:07] {thomcbell} pivot is 27.70
01[10:07] {Threei}  sure thing, thanks for this gift FB
[10:08] {nemo} runaway rally europe still ripping higher
[10:08] {thomcbell} lvs switch to more aggressive 44.82 break
[10:09] {thomcbell} in
01[10:09] {Threei}  this rug pull is almost exact repetition of the one earlier in the morning, and counting on it was one of two reasons for the trade
01[10:10] {Threei}  AIG 1:1
[10:10] {thomcbell} lvs target is 1:2
[10:10] {thomcbell} mgiht be dumb - market very strong here
[10:11] {robbers} out aig, thanks again
01[10:11] {Threei}  yw
[10:13] {thomcbell} lvs stop to 44.80 - not playing games with this setup
01[10:15] {Threei}  (US) Senator minority leader McConnell (R-KY): Pres Obama and his Democrat allies refuse to be pinned down on any specific budget cuts - Senate floor speech- Concerned Democrats want to increase revenue with no spending control.
[10:15] {cipher} hlss s .23
[10:16] {thomcbell} lvs 1:1
[10:17] {dino} esio hl l .00
[10:18] {thomcbell} going to look for an fcx long setup here near the pivot
[10:19] {thomcbell} lvs 1:2 and out
[10:19] {dino} gj
[10:19] {scottie} great tbell
[10:20] {cipher} cov hlss .22 +.01
01[10:23] {Threei}  visual: http://goo.gl/EVG5u
[10:24] {cipher} hlss s.22
01[10:24] {Threei}  GLD looks miserable
[10:25] {patel} how does AIG above 34.61 look
01[10:26] {Threei}  valid long but kind of 51/49
[10:26] {thomcbell} i was thinking the same thing but holding off
01[10:26] {Threei}  not very high odds of it working
[10:26] {patel} yeah
[10:26] {patel} lets leave it alone
[10:27] {patel} 2 to 1 you guys win
[10:28] {thomcbell} aig looks like a possible short setup under 34.48 - to remove some of the froth
01[10:29] {Threei}  let the process of froth removal begin
[10:31] {cipher} cov hlss .17 +.05
[10:32] {thomcbell} FB long setup 28.01 break if holding 27.91
01[10:34] {Threei}  HOG
01[10:35] {Threei}  chatter that hired advisors for company sale
[10:35] {cipher} dltr s .50
[10:35] {cipher} cov .37
[10:36] {cipher} dltr l.35
[10:36] {cipher} out .46
[10:37] {dino} nice
[10:37] {patel} nice cipher
[10:37] {thomcbell} fcx trying to do something here
01[10:38] {Threei} Short Setup: GLD  .20 break
[10:38] {patel} looking like a long play
[10:38] {patel} around 31.93
01[10:38] {Threei}  If holds  .30
01[10:39] {Threei} Short Setup: HOG  .50 break hl
01[10:39] {Threei}  If holds  .60
01[10:39] {Threei}  1:1 but good luck getting a fill
[10:40] {patel} definitely didnt get filled
[10:40] {thomcbell} FB invalidated
[10:42] {thomcbell} FB Invalidated and Tired
[10:42] {Will49} you or the stock?
[10:42] {dino} gco hl l .14 thin
[10:44] {thomcbell} FB
[10:44] {Will49} :)
[10:47] {nemo} would be reasonable for spy to test 144 now that it's here
[10:50] {cipher} dltr s.38
[10:51] {nemo} Boehner speaking at noon
[10:52] {patel} "Short Boner"
01[10:52] {Threei}  yikes
01[10:52] {Threei}  lol
[10:52] {nemo} pathetic
[10:53] {patel} had to get that one out.
[10:53] {patel} where did cc go?
[10:53] {scottie} chkp l .90 if holds .80 ?
01[10:54] {Threei}  50/50 scottie
[10:54] {scottie} ok
01[10:54] {Threei}  51/49 at best
[10:55] {cipher} cov dltr .50 -.12
[10:55] {thomcbell} do u still have ESIO?
[10:57] {dino} yes
01[10:58] {Threei}  good call on FB, tbell
01[10:59] {Threei}  it's trying to change the pattern now
01[10:59] {Threei}  28 break will be interesting for long if consolidates for a few min
01[10:59] {Threei}  right now, not so much
01[10:59] {Threei}  staying away
[10:59] {patel} thoguths on JCP
[11:00] {patel} my stop is 2 wide
[11:00] {patel} 16 cents risk
01[11:00] {Threei}  .60 break was decent setup
01[11:00] {Threei}  where are you in?
[11:00] {dino} pdce hl l .80
[11:01] {dino} .70 i mean
[11:01] {patel} I didnt take it
[11:01] {patel} was thinking about it at 19.66
01[11:01] {Threei}  let's see if it holds .60
01[11:01] {Threei}  if so, might still be good
01[11:01] {Threei}  risk is very small here
01[11:02] {Threei}  nope, invalidated
[11:02] {patel} lol
01[11:02] {Threei}  look at it this way:
01[11:02] {Threei}  long consolidation under .60, formed nice JBE,
01[11:02] {Threei}  break of .60 wa a good setup,
01[11:02] {Threei}  and it worked if you tried for a quick scalp.
01[11:03] {Threei}  On its way back though, you want it to hold \.60
01[11:03] {Threei}  old resistance, new support
01[11:03] {Threei}  it lost .60, bets are off
[11:04] {patel} yeah
01[11:10] {Threei} Long Setup:  FB  .95 break
01[11:10] {Threei}  If holds  .90
01[11:10] {Threei}  as we move in lunch time, picking setups with tightest stops
01[11:12] {Threei} Short Setup: AIG  .65 break
01[11:13] {Threei}  If holds  .75
[11:13] {dino} jw/a drop
[11:13] {dino} casy spike
[11:14] {cipher} dino jw?
[11:14] {nemo} we probably have one more break higher in the market
[11:14] {scottie} where do you intend to partial out on FB ?
01[11:15] {Threei}  just under 28.05
01[11:15] {Threei}  and aim for 1:3
[11:15] {dino} hog hod
[11:15] {dino} jw/a cipher
[11:15] {nemo} AIG likely to close gap on spy break
01[11:16] {Threei}  considering 8-10 cents ratio, not actual stop under .90 :)
01[11:16] {Threei}  AIG may be two-sided
[11:16] {nemo} here we go
01[11:16] {Threei}  I am just not a big fan of l,unch time breakouts
[11:16] {dino} penn drop
01[11:16] {Threei}  too many traps
01[11:17] {Threei}  so my take is, if short side triggers I'll take it, and if long - I'll stay away
01[11:17] {Threei}  FB long is a different animal, it's a pullback entry, not a breakout
[11:22] {nemo} yep
[11:23] {nemo} o.k. next level above 144 is 144.20ish
[11:24] {dptl} cc8 dcc please
[11:24] {dino} out gco .38, +.24
01[11:25] {Threei}  wtg
[11:25] {cc_8} on it
[11:25] {dino} ty
[11:26] {nemo} we should hit new highs for the year by Xmas
01[11:27] {Threei}  - The positive European data out overnight plus the typical pre-FOMC gains are sending US equity indices higher this morning. The DJIA and S&P500 are up 0.8% in the early going, while the Nasdaq is up 1.4% thanks to people stepping in to buy Apple, which itself is up 3.5%.
01[11:27] {Threei}  - There is still no concrete progress from the fiscal cliff talks, although press reports yesterday evening suggested that progress was being made and talks were becoming more substantive over recent days. House Speaker Boehner will update on the latest at 12 noon.
01[11:27] {Threei}  - The FOMC meeting tomorrow is also being seen as a big driver of gains this morning. Analysts point out that US equity markets have rallied ahead of five of the seven FOMC meetings this year. In three of the five rallies, the market sold off the day after the meeting.
01[11:27] {Threei}  unless they decide no deal, nemo
01[11:28] {Threei}  I'd think we will see a lot of nervous twists and turns next 3 weeks
[11:31] {nemo} Ha!  Spy hit R4 as the high
[11:31] {dino} out pdce .91, +.21
[11:33] {scottie} EMC l .50 if holds .45 ?
01[11:35] {Threei}  I think so
[11:35] {dino} esio to .10, thing doesn't move
01[11:36] {Threei}  FB makes a triangle
01[11:37] {Threei}  and bands are tightening
01[11:37] {Threei}  resolution nears
[11:38] {dino} out esio +.10
01[11:38] {Threei}  taking singles today, dino? :)
01[11:38] {Threei}  More than 10,000 people protest in Michigan as state house debates right-to-work legislation
[11:39] {Will49} 10K union workers
01[11:39] {Threei}  funny (in a sad way) banner unfolded by protesters: "Right to work is wrong for Michigan"
[11:39] {thomcbell} wow underestimated how much FIO had in it today
[11:41] {thomcbell} lvs looks vulnerable again to me
[11:41] {thomcbell} wynn red for crying out loud
[11:42] {dino} base hits, thats correct
[11:43] {Will49} looks like everybody waiting for Boehner to take the mound
[11:44] {dino} he's going to say the same old same old
[11:44] {Will49} so far he's been walking the runs in
01[11:48] {Threei}  ok FB, it's time
01[11:49] {Threei}  not only you are infuriatingly mad business, you also make us wait too long for your stock to movbe
01[11:49] {Threei}  where is ese, his hatred for FB would have had a good outlet right now
[11:51] {Will49} he's teaching impressionable kids to appreciate socialism
01[11:52] {Threei}  might be just a skill to teach...
01[11:52] {Threei}  heard Immelt on TV yesterday? "State communism works"
[11:53] {scottie} in EMC .51
[11:53] {dino} kill me now
01[11:53] {Threei}  yes sir... until you are in GULAG
01[11:54] {Threei}  because the only way it works is by labor of millions of slaves
[11:54] {Will49} well?
[11:54] {dptl} jcp .50 short?
[11:54] {Will49} di lives!
[11:54] {Will49} dp
01[11:55] {Threei}  half lot dp
[11:55] {dptl} ok if stays below .60
01[11:56] {Threei}  right
01[11:56] {Threei}  there is a lot of air under that .50
01[11:56] {Threei}  but things are very slow
[11:57] {Will49} Boehner is in the bullpen warming up
01[11:57] {Threei}  last touch of spray-on tan?
[11:57] {patel} he is warming up with the bases loaded
[11:58] {Will49} and I'm on base
01[11:58] {Threei}  you are meanies
[11:58] {patel} FB is on 3rd base
[11:58] {patel} trying to score
01[11:58] {Threei}  I'll hang out with nemo, he is kind and gentle
[11:59] {Will49} hopefully he walks us in patel
[11:59] {patel} yeah
[11:59] {patel} think I should post a status message on facebook
[11:59] {Will49} lol
01[11:59] {Threei}  and he knows math, here is math lesson as nemo sees it: http://goo.gl/hwrRW
[12:01] {scottie} lol
[12:01] {Will49} has the big right-hander thrown any strikes yet?
[12:02] {patel} just got to teh mound
[12:02] {Will49} i want to know when to run
[12:02] {Will49} or steel maybe
[12:02] {Will49} steal
01[12:03] {Threei}  here it goes
01[12:03] {Threei}  (US) House Speaker Boehner (R-OH): Republicans have made a serious offer on the budget, still waiting for White House specifics on cuts
01[12:04] {Threei}  - Hopeful can reach an agreement
01[12:05] {Threei}  - Still red ink as far as eye can see
01[12:06] {Threei}  move your lazy butt, FB
01[12:06] {Threei}  - Reiterates the White House is "slow walking" the negotiations.
[12:07] {thomcbell} aig relentless
01[12:08] {Threei}  JCP is valid still
[12:09] {dptl} not in short list
[12:10] {Will49} evrybody gone to get a hot dog with bases still loaded
[12:10] {dino} fdo hl l .10
[12:12] {Will49} should have used a hockey metaphor...would have been a faster ame
[12:12] {Will49} game
01[12:12] {Threei}  ah, so it's your fault
[12:12] {patel} or go with the 2 minute drill.
[12:12] {Will49} yeah
01[12:13] {Threei}  well, to be fair to today: it's still faster than yesterday was, and we had much better morning, with 3 very nice hits one after another
01[12:13] {Threei}  or 4
01[12:13] {Threei}  my math is fuzzy after that nemo lesson
01[12:14] {Threei}  I noticed he counts rounds fired, dead bodies and vodka shots much faster thasn he does chocolate cakes
[12:15] {dino} out fdo .34 +.24
01[12:15] {Threei}  JCP works, even though on paper
01[12:15] {Threei}  who had it for short, play by the book
01[12:17] {Threei}  I don't think this gal is sane at all:
01[12:17] {Threei}  (US) House Minority Leader Pelosi (D-CA) reiterates call for Republicans to act to vote on middle class tax cuts; President's plan already agrees to $1.6T in spending cuts- Tax reform should be left for the next session of Congress. - Notes that spending changes to entitlement programs shouldnt be used as a method to subsidize tax cuts for wealthy
01[12:18] {Threei}  1:1 JCP
[12:18] {Will49} good call dp
[12:18] {dptl} :)
[12:19] {dino} that esio sob decides to hit my stop and go
01[12:20] {Threei}  sobs tend to do that
[12:25] {dptl} gmcr .30 short?
01[12:27] {Threei}  can't tell
01[12:27] {Threei}  unclear to me... rather yes but no conviction for a trade
[12:28] {dptl} k
01[12:31] {Threei}  FB stopped
[12:32] {patel} SWHC long position??
01[12:33] {Threei}  too narrow
[12:34] {dino} dg lod
01[12:35] {Threei}  thisd is third rug pull today on FB
[12:38] {dino} just walk away
[12:38] {dino} "better worlds than this"
01[12:38] {Threei}  no, not interested in it for today
01[12:38] {Threei}  just making an observation to get an idea how to play it from now on
[12:39] {dino} ahh
[12:41] {dptl} hes .60 short?
01[12:45] {Threei}  water torture
[12:45] {nemo} X
01[12:45] {Threei}  another one like FB, will be stuck for hours
[12:46] {dptl} ye... you right
01[12:49] {Threei}  JCP 1:2 is near
01[12:49] {Threei}  very near
[12:49] {patel} nice call on JCP
[12:49] {dptl} ye, to bad not available...Nemo's fault
[12:49] {patel} who is your broker
01[12:50] {Threei}  I am sure
01[12:58] {Threei}  nearer
01[12:58] {Threei}  HES starts looking like long dp
01[12:59] {Threei}  still not delighted by the stock, but if I had to tarde it, gun to head, I'd rather take long on .70 break
[13:00] {dptl} ye but still torturing look
01[13:02] {Threei}  1:2
[13:03] {patel} JCP 1:3
[13:03] {dptl} snif snif...oh wait a min...
06[13:03] * dptl slaps nemo around a bit with a large trout
[13:03] {patel} or 1:2
[13:03] {dptl} there....fill better now
[13:03] {dptl} feel
[13:10] {dino} fdo sm l .20 trigger
[13:18] {thomcbell} oh ESIO was a goodie
[13:18] {thomcbell} i know it wasnt but.....
[13:20] {dino} fdo stop +.02
01[13:31] {Threei} Short Setup: X  .50 break
01[13:31] {Threei}  If holds  .57
[13:32] {dptl} rht .90 short?
01[13:33] {Threei}  hl, yes
01[13:34] {Threei}  Michigan lawmakers approve right-to-work bill for private employees, 58-52
[13:35] {Will49} three cheers
[13:36] {dptl} in rht
01[13:37] {Threei}  should be capable of 1:2
01[13:38] {Threei}  Invalidated  X
[13:39] {dino} .
01[13:40] {Threei}  good point
[13:41] {dino} jwn l .99
[13:41] {thomcbell} Vad i sent you something in chat
01[13:43] {Threei}  responded
[13:47] {thomcbell} long setup FB 28 break if holding 27.92 - half lot due to annoying nature of stock
01[13:47] {Threei}  I'll leave it be for today
01[13:50] {Threei}  things don't trade, they simply drift up and down aimlessly
06[13:50] * Threei hits RHT over the head with 2x4
[13:50] {nemo} we're mimicking euro markets  fb also at serious resistance, probably needs some backing and filling
[13:55] {scottie} PL s .55 if holds .60 ?
01[13:56] {Threei}  yup, aggressive for .50
[13:56] {thomcbell} fio lol
[13:57] {patel} pl
[13:58] {scottie} in .53
[13:59] {dino} out jwn +.10
[14:01] {thomcbell} flattening FB here 27.99
[14:02] {scottie} out
01[14:02] {Threei}  (US) White House's Carney: President Obama has put forward detailed spending cuts ***Note that earlier today, Speaker Boehner and Senator minority leader McConnell (R-KY) asserted that Pres Obama has refused to be pinned down on any specific budget cuts
01[14:02] {Threei}  what is it, a joke to them?
01[14:03] {Threei}  you did not! - did too!
01[14:07] {Threei}  SPY is firmly glued to this level
[14:07] {thomcbell} when the lionshare of the voting population is at the trough - he doesnt have to care
01[14:10] {Threei}  believe it or not but RHT can reach 1:1 this, yes I said THIS century!
[14:11] {dptl} :) another torture
01[14:12] {Threei}  everything is right now... look at GOOG
01[14:12] {Threei}  even this monster doesn't move
01[14:13] {Threei}  here we go... 1:1
[14:13] {dptl} out some
[14:14] {dino} fdo sm l .65
01[14:18] {Threei}  ok, probably time to try this
01[14:18] {Threei} Short Setup: AIG  .10 break
01[14:18] {Threei}  If holds  .20
01[14:18] {Threei}  let's still do hl, out of respect to immobile market
[14:18] {dino} stop fdo -.16
[14:19] {dptl} was yesterday as slow?
01[14:19] {Threei}  second half of the day, yes
[14:19] {dino} wtf rinsed
[14:25] {scottie} aig two-sided ?
01[14:27] {Threei}  chart wise yes...
01[14:27] {Threei}  I can't bring myself to buy here though
[14:27] {nemo} look at the daily
[14:27] {dino} just a lot of random dancing
[14:28] {nemo} yeah so far the "finish like europe" scenario is playing out
[14:33] {dptl} stop to .86 rht
01[14:34] {Threei}  RHT... again, believe it or not but 1:2 is coming this millenia
[14:35] {dptl} yeah :)
01[14:35] {Threei}  AIG...
[14:37] {Will49} tks Vad 1:1 out AIG
[14:38] {Will49} no patience today :)
01[14:38] {Threei}  :)
[14:40] {dptl} ok rht i am out....
01[14:46] {Threei}  1:3 baby
[14:46] {dptl} :) hmm..1:3 didt expect that :)
01[14:46] {Threei}  (still in "believe it or not" category)
[14:46] {dptl} yeah
[14:48] {scottie} aig rinse
[14:49] {robbers} great call, aig
[14:52] {scottie} rimm .60 if holds .55 ?
01[14:53] {Threei}  I hate it
[14:53] {scottie} ok
[14:53] {Will49} tell us how you really feel Vad
01[14:54] {Threei}  hehe
[14:54] {scottie} did it feel god to say it ?
[14:54] {scottie} GOOD
01[14:54] {Threei}  it actually did, lol
[14:55] {dptl} lol
01[14:55] {Threei}  and I will feel even gooder when times comes to short RIMM again
[14:56] {dptl} got to go see ya tomorrow all :)
[14:57] {scottie} dp
[14:57] {Will49} peace dp
01[14:58] {Threei}  take care dp
[14:58] {dino} cya dp
[14:59] {nemo} fas might be a long play here above .30
[15:01] {nemo} spy just above the open
01[15:02] {Threei}  hey, did I have a reason to hate an idea of RIMM long or did I not
[15:02] {scottie} I guess so lol
[15:02] {Will49} you da man
01[15:02] {Threei}  last time I checked, I am...
01[15:03] {Threei}  boy, dp nailed that RHT setup perfectly
[15:04] {dino} thats how he got his nickname
[15:04] {dino} dynamite picks
[15:04] {Will49} lol
[15:04] {dino} can you tell i'm bored
01[15:04] {Threei}  hehe
[15:05] {patel} The 1st 1.5 hours are fun these days.
[15:05] {patel} the rest is just boring as it can get.
[15:05] {dino} pretty much, by 11:00 am tings really die
[15:06] {nemo} well, this is interesting
[15:07] {dino} going for red maybe, lots of time to do it
[15:08] {nemo} wow...that would be impressive
[15:18] {dino} still droping
[15:18] {dino} dropping
[15:18] {patel} Math Question:
[15:19] {Will49} what is 2+2?
[15:19] {patel} If Robbie had 52 candy bars and he ate 38 of them in one day. How much did he have left at the end of the day?
01[15:20] {Threei}  I refuse to take any math questions where numbers exceed the number of fingers on two hands
[15:20] {nemo} O.k. got a joke:
[15:20] {patel} I figured we are all bored.
[15:20] {nemo} Guy walks into a store where they sell brains in a jar
[15:21] {nemo} Irish brains $42/lb
[15:21] {patel} the answer was DIABETES
[15:21] {nemo} French brains $33/lb
[15:21] {Will49} lol
[15:21] {nemo} Ukranian brains $435/lb
[15:21] {nemo} Guy goes "wtf!  how come Ukranian brains are so expensive
[15:22] {nemo} Store guy says, "You have any idea how many Ukranians it takes to get a pound of brains?!"
[15:22] {thomcbell} i gotta run guys - nice day
[15:22] {patel} lol
[15:22] {Will49} haha
[15:22] {scottie} lol
[15:22] {dino} cya
[15:22] {nemo} like that Vad?
[15:22] {Will49} c ya Tbell
[15:22] {scottie} tbell
[15:22] {patel} take care tbell
01[15:24] {Threei}  take care tbell
01[15:25] {Threei}  what can I say nemo... I heard this joke in 50 versions, each differing by the subject joke teller wanted to target
[15:25] {Will49} oh oh Vad is not amused
[15:26] {nemo} yeah me too
01[15:26] {Threei}  I am not ukrainian by nationality so I wouldn;t care much :)
[15:26] {nemo} true
[15:28] {nemo} I'd almost say tna long here, stop under .00 for a run to .40ish
[15:35] {Will49} sheesh nemo...why did you have to say "almost"?
[15:35] {nemo} o.k. next time I'll just call it
[15:35] {Will49} :)
01[15:36] {Threei}  the pain of admitting that nemo was right, eh will?
[15:36] {Will49} :)
[15:36] {Will49} :(
01[15:36] {Threei}  yup, that's the struggle I deal with daily
[15:37] {nemo} it's amazing...looks like iwm will finish above R3, SPY above R2, and finnies, probably in the area of R1, but the end of the day makes it feel like a bad market day
[15:37] {nemo} and actually iwm could keep going with spy heading for .55
[15:51] {patel} alright guys
01[15:51] {Threei}  ok... no more trades
01[15:52] {Threei}  thank you all, have a good evening
01[15:52] {Threei}  see you tomorrow
[15:52] {scottie} gn all
[15:52] {patel} I think I will head out. I need to go play on facebook.
[15:52] {dino} gn all, thx for ideas
[15:52] {dino} st drop