Thursday, March 21, 2013

March 21 2013

Uneven but profitable day; as many days lately, required patience and careful picking of the trades.

Session Time: Thu Mar 21 00:00:00 2013
[09:13] {patel} gm
01[09:13] {Threei}  patel :)
[09:15] {jdetente} good morning
01[09:15] {Threei}  jd :)
[09:16] {dptl} gm
[09:17] {Les} afternoon
01[09:17] {Threei}  dp, les :)
[09:18] {nemo} wombat poker
[09:18] {Les} bunny batter
[09:19] {Les} frikin pain in the ass losing an hour a day before market opening can't wait for our own changover
01[09:19] {Threei}  can't wait for someone to come to their senses and ban this twice-a-year nonsense
[09:20] {nemo} never happen, it's a political decision
[09:20] {Les} used to think it was saving electricity in winter
[09:20] {nemo} oxymoron
[09:20] {Les} apparently it's for savings in summer
[09:20] {Les} whether there are any savings however...
[09:21] {cipher} gm
01[09:21] {Threei}  cipher :)
[09:23] {Will49} gm
01[09:23] {Threei}  will :)
[09:23] {backman} gm
01[09:23] {Threei}  backman :)
01[09:26] {Threei}  a lot of power oitages reported from yesterday's wind storm... I haven't noticed much of wind, lol
[09:27] {Will49} wa wild down here
[09:27] {Will49} was
01[09:27] {Threei}  I guess there is a nice little protected pocket here
[09:28] {Will49} yeah, the west wind comes right down the Straights and hits us hard
01[09:28] {Threei}  ese must be in Texas by now
[09:29] {Will49} band trip?
01[09:29] {Threei}  no, wind
[09:29] {Will49} :)
01[09:31] {Threei} Long Setup:  GDX  .90 break
01[09:31] {Threei}  If holds  .80
[09:32] {_littleal} morning
01[09:32] {Threei}  al :)
01[09:32] {Threei}  stop to .84
01[09:33] {Threei}  opening plays should work faster
[09:33] {Les} SLW selling off
01[09:33] {Threei} Short Setup: BBRY  .15 break
[09:33] {nemo} lulu
[09:34] {cipher} AVGO L .17
01[09:34] {Threei}  If holds  .25
[09:34] {cipher} PCAR L .50
01[09:34] {Threei}  Invalidated
01[09:36] {Threei} Short Setup: DD  .50 break
01[09:36] {Threei}  If holds  .60
[09:38] {cipher} deck s .50
01[09:38] {Threei}  no go
[09:40] {cipher} cov DECK .34 +.17
[09:40] {ese} morning...reading the business news and forgot to sing in
01[09:40] {Threei}  ese :)
[09:40] {cipher} out avgo .44 +.27
[09:40] {nemo} thought it was too pleasant
01[09:40] {Threei} Long Setup:  BBRY  .10 break
01[09:41] {Threei}  If holds  16
[09:41] {ese} ouch
[09:41] {nemo} nothin' personal
[09:41] {ese} ya sure....ya sure
[09:41] {nemo} ahh go beat your skins
[09:41] {Les} dd
[09:42] {nemo} weird morning
[09:43] {nemo} market waiting on the 10:00 news
01[09:44] {Threei} Long Setup:  LVS  .95 break hl
01[09:45] {Threei}  Invalidated
[09:46] {nemo} weird day
[09:47] {ese} l acad .37
[09:47] {nemo} "a cad"  how fitting ese
[09:47] {ese} lol
[09:48] {Les} LVS sucking in the openers me thinks
[09:48] {ese} cad this buddy i'm up .10 almost
[09:48] {Les} vwap at .40 watching for bounce or drop
[09:48] {nemo} 10 o'clock news this market is sitting on it
[09:49] {ese} out acad .57 +.20
01[09:49] {Threei}  BBRY target 1:3
[09:49] {nemo} alright, I'm gonna porn surf for 10 minutes
01[09:50] {Threei}  1:1
[09:50] {ese} lol
[09:50] {backman} orcl
01[09:50] {Threei} Long Setup:  LVS  .50 break hl
01[09:51] {Threei}  If holds  .40
[09:51] {cipher} chtr l .01
[09:51] {nemo} orcl might have further to go
[09:51] {nemo} 32ish
01[09:51] {Threei}  nice doji LVS
[09:51] {nemo} pervert
[09:52] {backman} thank u for noticing
[09:52] {nemo} was talking about 3i
01[09:52] {Threei}  go back to your porn nemo
[09:52] {nemo} you just jumped Les in rankings backman
[09:52] {backman} :=)
[09:54] {nemo} na nanananananananana BACKMAN!!!
01[09:54] {Threei}  no go LVS
[09:54] {nemo} market setting bullflag, take a flyer long?
[09:55] {cipher} out CHTR .68 +.67
[09:55] {nemo} nice
[09:55] {cipher} out deck .50 +.26
[09:56] {ese} L acad .51
[09:56] {nemo} kbh up housing must be good
[09:56] {Les} CHTR looking like inside reversal day still outside daily bb's
[09:57] {Les} vwap is 104
01[09:57] {Threei} Long Setup:  CAT  87 break hl
01[09:57] {Threei}  too fast
[09:58] {Les} looking good in longer time frames a pullback entry might be nice
01[09:58] {Threei}  1:2 and more
[09:58] {cipher} ibm L .75 STOP .65
01[09:59] {Threei}  1:2 BBRY
01[09:59] {Threei}  1/4 more out
01[09:59] {Threei}  stop to .15
[09:59] {cipher} WDC L .77
01[10:00] {Threei}  *(US) FEB EXISTING HOME SALES: 4.98M V 5.0ME
[10:00] {nemo} what does the market do with expected news
01[10:00] {Threei}  *(US) FEB LEADING INDICATORS: 0.5% V 0.4%E
01[10:00] {Threei}  ravi!
[10:01] {Les} s gdx .78
[10:01] {Les}  stop .85
[10:02] {Les} stopped
01[10:03] {Threei}  BBRY to .19
[10:03] {ese} out acad .59 +.08
[10:03] {backman} ORCL on lows
[10:04] {cipher} out 1/2 IBM +.00 +.25
[10:04] {Les} SLW bb's really tight waiting for a direction
01[10:05] {Threei}  up
[10:07] {cipher} LBTYK L.04
[10:08] {nemo} esrx could be nice short
[10:09] {nemo} drop of .70
01[10:09] {Threei}  probably two-sided
[10:09] {nemo} yeah, frankly would like it better short up near 60
[10:09] {ese} thats one persistent dude vad ole ravi............."what an ultra maroon"....quote from the old Bugs Bunny Show
[10:10] {nemo} X long break of .85?
01[10:10] {Threei}  I expect him to come back with new nick any day nowq
01[10:10] {Threei}  4th in a row
01[10:11] {Threei}  I like it... but I was looking at it 40 cents ago
01[10:11] {Threei}  X I mean
01[10:12] {Threei}  not sure why I skipped it
[10:13] {nemo} damn LEN
01[10:13] {Threei}  come on BBRY, 2 cents of 1:3?
[10:14] {Will49} are we doing X long?
[10:14] {Will49} at .86
01[10:14] {Threei}  not sure
[10:15] {Will49} tks
[10:15] {Will49} if you're not sure, i'm sure as hell not sure
[10:16] {Will49} :)
[10:17] {Les} LVS sniff sniff
01[10:17] {Threei}  ravi should have learned by now that concrete walls are kind of hard to break with one's forehead... no?
[10:18] {Les} not sure he's trader material. But then again, i've been banging for years
[10:18] {Will49} oh no Les, say it isn't so
[10:18] {nemo} frickin' wombat poker
[10:18] {Les} well, not on vad's door. I pay for professionalism
[10:19] {Will49} oh, i thought you were speaking in code
[10:19] {nemo} X against the market
[10:21] {ese} wombat poker?........i gotta tel ya.........i learn more on this board daily .....than.....i don't know what......wombat poker?
[10:21] {Will49} had to look it up
[10:21] {backman} l orcl .33
[10:21] {Les} SLW flat trade at .30 no energy. not risk on for PM's
01[10:22] {Threei}  I am scared to look it up
[10:22] {Les} lovely animal the wombat
[10:22] {nemo} Les sees it from behind all the time
[10:22] {ese} ouch
[10:23] {nemo} frickin' X
[10:23] {Will49} LOL
[10:23] {jdetente} wait, wha??
[10:23] {ese} what happened jd
[10:23] {jdetente} Les sees what nemo?
[10:23] {Les} GDX setting up a daily ascending triangle. But without SLW joining the party... strange
[10:24] {Will49} i know jd, wierd morning everywhere
[10:24] {Will49} in this room specially
01[10:24] {Threei} Long Setup:  FB  .95 break
01[10:25] {Threei}  If holds  .85
[10:26] {Les} goddamn jd don't u even know wha ta wombat is?
01[10:26] {Threei}  done with BBRY
[10:26] {nemo} maybe JD is from Tennessee..their family trees down there have no branches
[10:26] {jdetente} what language are you speaking Les? hehe
[10:27] {Les} hehheehehe
[10:27] {Les} vwap here on BBRY vad might be short now
01[10:27] {Threei}  australians tend to see things upside down, jd
[10:28] {jdetente} ha
01[10:29] {Threei}  (CY) Germany CSU's Michelbach: Plan B in Cyprus raises many questions, appears to be short by �1B- Notes the plan for Cyprus fund would only add to its debt
[10:29] {ese} hmmmmmmmm.....jd........that was ahhhhhhh  ehh ah.......interesting observation les seeing nemo.....or vis versa..........i'm gonna have to concur with gets one to thinkin
[10:29] {backman} Orcl .08 partial
[10:30] {Will49} no thinkin ese
[10:30] {Will49} you know th rules
[10:30] {jdetente} Les and Nemo may need to resurrect that private room that Vad set up for them...
[10:31] {Will49} the padded one
01[10:31] {Threei}  I made an error in naming it
[10:31] {Les} can't borrow BBRY
01[10:31] {Threei}  I called it "nemoles" and les told me he'll enter it only if I change name to "nemoless"
01[10:32] {Threei}  after breaking 26 trail stop to .89
[10:34] {Will49} ey ey my capitan
[10:34] {nemo} reminds me of that star trek episode where the matter and anti-matter individuals are trapped between dimensions.  F that
[10:35] {Will49} F? are you watching Ford?
[10:35] {nemo} Will, go sit in your car in the garage and turn on the ignition
[10:35] {Will49} :)
[10:35] {nemo} was that harsh?
[10:35] {cipher} IBM L.50
[10:35] {Will49} we don't have garages in need
[10:36] {backman} should he have the garage door closed or...?
[10:36] {jdetente} closed I would think
[10:36] {nemo} yeah, with a vacuum hose extended from the tailpipe into the cab
01[10:36] {Threei}  1:1
[10:36] {jdetente} garden hose would work as well
[10:36] {nemo} yeah
[10:36] {ese} no ...not harsh at all.........I know will.......he deserves it
[10:37] {Will49} will dabs at eye with kleenex
[10:37] {Will49} feels so bad
[10:37] {Will49} rejection again
[10:37] {ese} man.....i seriously underestimated ACAD
[10:45] {patel} yeah. I was watching ACAD for long watch
[10:45] {patel} but I was in ORCL
01[10:45] {Threei}  ORCL works nicely
[10:46] {patel} yeah I was short from .65
[10:46] {patel} now I am completely out at .51
[10:46] {nemo} orcl might be worth a short between .55-.65
[10:48] {patel} AWAY long??
01[10:50] {Threei}  can't tell
01[10:51] {Threei}  (US) House approves continuing resolution stop gap spending bill- Bill funds the US govt through the end of the fiscal year on Sept 30, preventing a govt shutdown.
01[10:52] {Threei}  uh oh
01[10:52] {Threei}  (US) US Senator Warner (D-VA): Deficit deal has a greater than 50-50 chance to be reached; working on new methods to raise revenue
01[10:52] {Threei}  you know what it means when democrat talks about new ways to raise revenue?
[10:52] {Les} guess they got the Cyprus news
01[10:56] {Threei} Long Setup:  C  .90 break
01[10:56] {Threei}  If holds  .80
[10:57] {cipher} TNA l .65
[10:59] {nemo} they're holding iwm and spy and FAS under vwap, down seems more likely
01[11:01] {Threei}  SPY bout of selling
[11:01] {Les} GS leading the way
[11:06] {Les} GS opening low looks good
[11:07] {cipher} SPY gonna retest 155 imo
[11:08] {ese} BMC  theres one for about your instantant overbought condition
[11:09] {Les} ORCL bb's tightening here with vwap resistance just overhead
[11:12] {nemo} if the market were an ekg, it would be....
01[11:13] {Threei}  C no worky
01[11:17] {Threei} Long Setup:  CAT  .80 break
01[11:17] {Threei}  If holds  .70
[11:17] {nemo} bored, huh?
01[11:18] {Threei}  ?
[11:18] {nemo} cat call
01[11:18] {Threei}  what's wrong with catcall?
[11:18] {nemo} looks like boredom call
01[11:19] {Threei}  double bottom on pullback, market climbing
01[11:19] {Threei}  now, you could have been pocketing 1:1 right now instead of gauging my state of mind
[11:20] {cipher} here goes SPY 155
01[11:20] {Threei}  good call cipher
[11:21] {Les} orcl pops vwap and tests its support
[11:22] {cipher} ibm short squeeze coming imo
01[11:24] {Threei}  1:2
01[11:25] {Threei}  how's that for boredom?
[11:25] {jdetente} very boring very very boring. :) thanks VAD!
[11:25] {Will49} love it
01[11:25] {Threei}  :)
01[11:26] {Threei}  cc_8... on your way in, have you seen ravi nearby, trying to sneak in the door as you open it?
[11:27] {cipher} out TNA  .10 +.45
[11:27] {backman} OrcL 3:1...
01[11:27] {Threei}  nice
[11:27] {cipher} out IBM .18 + .68
[11:30] {cipher} LNCO L.59
01[11:32] {Threei}  watching BBRY for entry under .20
[11:34] {Les} vwap .24 bouncing off it
[11:34] {ese} L etfc .74
[11:40] {cipher} gtls drop
[11:40] {cipher} GTLS L.10
[11:44] {ese} out etfc .81 +.07 sloth
[11:44] {Les} ORCL back to opening price
[11:48] {Les} out .20 last pice cat ty
[11:49] {backman} vad, this Orcl BO is similar to EBAY chart from yesterday...most helpful
[11:49] {backman} yw
06[11:51] * Les yodels for Vad
[11:51] {Les} he gone
[11:56] {Les} or am I alone?
[11:56] {Will49} i'll never tell
01[11:58] {Threei}  Les... what's with desperate solitude?
[11:58] {Les} I need a hug
01[11:58] {Threei}  will handshake do?
[11:58] {Les} sometimes I miss the grating nonsense of nemo
[11:59] {Les} ORCL
[11:59] {Les} .80/.85
[11:59] {Les} s
01[11:59] {Threei}  BBRY got under .20 but gave no setup with clear entey
01[11:59] {Threei}  watching for db
[12:04] {nemo} FDX
01[12:05] {Threei}  - There is no shortage of bad news in markets this morning to keep US equities in the red. The Cyprus situation is no closer to resolution, the first reading of the March German manufacturing PMI data indicated the series has returned to contraction and Oracle reported very weak Q3 results. On the bright side, the March Philly Fed survey roared back to positive after Feb's big negative reading and the prelim Markit PMI manufacturing was pretty good.
01[12:06] {Threei}  - Pressure is building on Cyprus to get a deal done to stave of financial disaster. With the Cyprus finance minister not making any headway with the Russians in Moscow, Cyprus government officials are discussing Plan B centered around the creation of a "solidarity fund" funded with various state assets. Eurozone officials say the nation would have to basically wind down their biggest banks and wipe out depositors if they didn't agree to the proposed levy, but comments from various sources suggest the levy is a dead letter.
01[12:06] {Threei}  Note that yesterday the ECB told Cyprus that it has until Monday to reach a deal or emergency ELA funding would be cut off.
[12:09] {cipher} ibm s.51
[12:10] {Les} orcl .79
[12:10] {Les} s
[12:10] {Les} stop .90
[12:11] {Les} nice drop in FDX
01[12:13] {Threei}  still doesn't looklike it's ready for bounce to me
[12:13] {Les} FDX?
01[12:14] {Threei}  yeah
[12:14] {Les} no db here?
01[12:14] {Threei}  I doubt it
[12:14] {Les} k
01[12:14] {Threei}  I'd rather go for .90 short
[12:14] {Les} k
[12:15] {Les} risk better defined than Nemo's good call
[12:15] {nemo} think it goes to 94ish
[12:16] {cipher} cov IBM .30 +.21
01[12:17] {Threei}  1:1
[12:18] {Les} u the man
[12:18] {jdetente} scalped it only got half the shares I wanted too. thanks Vad
01[12:18] {Threei}  last time I checked, yes
01[12:18] {Threei}  yw
[12:20] {cipher} FDX L.85
[12:21] {cipher} out .90
[12:23] {Les} dumped ORCL -.02 aion't dropping
[12:24] {Les} l fcx .87
[12:25] {Les} half .95
[12:27] {Les} FDX not FCX sorry
[12:29] {Les} cutting the rest at .87
[12:29] {cipher} asml l .41
[12:33] {ese} Is it my imagination or is it like zero going on......... can't find anything with my screens
[12:33] {Les} UPS potential short at pivot resistance .60
01[12:43] {Threei}  FDX proves to be weaker than McDonadls coffee
[12:43] {Les} McDonald's probably resents that remark
01[12:44] {Threei}  considering my dyslexic spelling, they can't even sue me
[12:44] {Les} lol
01[12:45] {Threei}  (you've no idea how much troubles dyslexia saves)
[12:45] {Les} and it creates... we're the ones reading yer words
[12:46] {cipher} NTGR L.60
01[12:46] {Threei}  if I don't point out it, you won't even it notice
[12:46] {Les} good try
[12:46] {cipher} out ASML .62 +.21
01[12:47] {Threei}
[12:47] {backman} orcl tightening again
01[12:48] {Threei}  should be a short on .80 break
[12:48] {Les} that sounds pretty disgusting coming from a handle called backman
[12:48] {Les} UPS short works half out .50
06[12:48] * Threei hands backman 2x4 to slap les with
[12:48] {backman} les, thanks for paying attention
[12:50] {Les} trying long .82
[12:50] {Les} shorts ain't worked on it
[12:51] {jdetente} fading Vad's call...hmmm
[12:51] {jdetente} 2 x 4 may be coming for you Les.
[12:52] {nemo} put poisoined nails in it, will ya?
01[12:52] {Threei}  well, .80 hasn't gotten broken yet
01[12:52] {Threei}  so fade is not a violation of my dignity
[12:53] {Les} cover q UPS .40
01[12:53] {Threei}  "gotten broken"... somewhere angel of english lost his wings I think
01[12:54] {Threei}  and Raven fainted
[12:54] {cipher} PCYC l .30
[12:56] {Les} AWAY at 33
[12:56] {backman} JCP?
[12:56] {cipher} NTGR stopped .57 -.03
01[12:57] {Threei}  JCP, .65 break long, maybe
01[12:57] {Threei}  not exactly sure yet
[12:58] {backman} thnx
[12:59] {Les} UPS might let go here for new lows
[12:59] {Les} stillholdign a piece
[13:00] {Les} orcl stop -.05
[13:00] {nemo} UPS should keep going
01[13:00] {Threei}  forget JCP
[13:00] {Les} short .77
[13:01] {backman} yes..thanx...stopped last piece of orcl
[13:01] {nemo} orcl rebate trading
[13:02] {nemo} TNA has a 1.37 range today, wow
[13:02] {Les} last go on ORCL
01[13:03] {Threei}  (CH) SNB's Zurbruegg: Franc is still overvalued, there is fresh uncertainty about whether the EU could further push up the Swiss Franc- Swiss economy is well positioned to weather the difficult environment. - Reiterates defense of the EUR/CHF floor to remain in place for the foreseeable future.
[13:03] {Les} some nice FX reserves he's accumulating there last time I looked
[13:03] {Les} read huge frikin risk of loss
01[13:03] {Threei}  (CY) Cyprus President said to have called for a meeting of party leaders; bills to create a solidarity fund and restructure the banking system are said to be under discussion at meeting - financial press***Note that the Cyprus cabinet is currently meeting to discuss the "solidarity fund" According to prior reports, the fund would issue bonds or preferred shares to pension funds in exchange for a �2.8B contribution, and would receive transfers of natural gas rights, state property and possibly even church property.
01[13:04] {Threei}  "solidarity fund" eh
[13:05] {nemo} Solidarnosc
[13:05] {Les} had enough of ORCL
01[13:09] {Threei}  die ORCL
01[13:10] {Threei}  1:1 baby
01[13:10] {Threei}  now Les... let's see
[13:10] {Les} :(
01[13:10] {Threei}  why do 5 trades with no setup instead of waiting for one but clearly defined?
[13:10] {jdetente} step by step
[13:11] {Les} because I like punishing myself
01[13:11] {Threei}  you go long, stop by a few cents, short, stop by a few cents
[13:11] {backman} BBRY
01[13:11] {Threei}  this is not trading
01[13:11] {Threei}  this is dart shooting
01[13:11] {Threei}  wait for frikin setup and take it
01[13:11] {Threei}  no setup, no trade
[13:11] {nemo} you mean death by 1000 cuts?
01[13:12] {Threei}  result is that, yes
01[13:12] {Threei}  let me show you what I saw
[13:12] {nemo} GS on lows
[13:12] {nemo} oh Gawd, not that Vad
[13:12] {jdetente} took a scalp on that ORCL. thanks Vad
01[13:12] {Threei}  after nice double bottom at .20, it made 70 cents move
01[13:12] {Threei}  yw
01[13:13] {Threei}  move has ended with sharp spike at 12:25 - 37,
01[13:13] {Threei}  retreat, consolidation above support at .80
01[13:13] {Threei}  bbs tightened, nice and clean shiort setup
01[13:14] {Threei}  can't help but ask... what made you take all those multiple atempts?
01[13:14] {Threei}  let me cite this analogy which might help
01[13:15] {Threei}  stop thinking of trading as machine gun shooting in hopw to hit a target with one of the bullets
01[13:15] {Threei}  think of it as sitting in the hide
01[13:15] {Threei}  and waiting for a weak anthelope to walk by
01[13:15] {Threei}  you may havfe to sit long and get bored
[13:16] {Les} this is something I have to work on
[13:16] {Les} when market stops
[13:16] {Les} I get dangerous and delusional
01[13:16] {Threei}  but if you chose to shoot at anything that walks or runs by instead, what are yiour chances to hit anything worthy?
01[13:17] {Threei}  OK, so here are two methods for you to chose fropm
01[13:17] {Threei}  One:
01[13:17] {Threei}  grab a post-it note,
01[13:17] {Threei}  write on it in bold red letters:
01[13:17] {Threei}  Is there a setup or do I get D&D?
[13:18] {Les} d&d?
01[13:18] {Threei}  where first D stands for dangerous and second for delusional
01[13:18] {Threei}  and look at it before clicking that button
01[13:18] {Threei}  Second is described in MPP
01[13:19] {Threei}  calculate a monetary loss caused by these drive-by trades
01[13:19] {Threei}  write it on post-it in a form:
[13:19] {nemo} I think he should cut off his hands
01[13:19] {Threei}  $xxx - price of stupidity. Still want to click that button??
01[13:19] {Threei}  slap it on your monitor
01[13:20] {Threei}  so you can't not see it
[13:20] {jdetente} 1:2 for the non-scalpers on ORCL
01[13:20] {Threei}  yup, 1:2, I am out
[13:20] {nemo} do bad he couldn't get a pop up window everytime he loads a stock
01[13:20] {Threei}  nice and easy
[13:21] {Les} took orcl AGAIN .76 holding last piece here
[13:21] {Les} will do vad
01[13:21] {Threei}  seriosuly, do
01[13:21] {Threei}  it works
[13:21] {Les} yeh it's a block to my performance
[13:21] {nemo} can he read?
01[13:22] {Threei}  I don't remember whether I wrote about it in MPP,
[13:22] {nemo} think you did
01[13:22] {Threei}  but I had a mentoring vlient with a problem kike this,
01[13:22] {Threei}  like this
01[13:22] {Threei}  he hd some kind of inner demon possessing him to bklow his stops
01[13:23] {Threei}  three killed accounts, he still couldn't make himself keep his stops
01[13:23] {Threei}  I had him do extreme version of this "post-it" self-conditioning
01[13:23] {Threei}  he wrote about 20 of them
01[13:23] {Threei}  some were on his monitor,
01[13:24] {Threei}  some in his fridge, on the dishes and bottles he reached for,
01[13:24] {Threei}  some in pcokets on various pieces of clothing,
01[13:24] {Threei}  and even in his shoes
01[13:24] {Threei}  He was stumbling onto those "HOLD YOUR F***ING STOPS!" everywhere
01[13:25] {Threei}  in two weeks his wife e-mailed me with question,
[13:25] {patel} surprised he didnt tatatoo that on his body somewhere.
01[13:25] {Threei}  said: "I love what I see and how it helps him, and I started adding those,
01[13:26] {Threei}  I make sure I write a post-it and slap on a mirror in the washroom so he sees it in the morning,
01[13:26] {Threei}  on his coffee mug, etc,
01[13:26] {Threei}  just one thing... may I skip the swearing, kids, you know"
01[13:27] {Threei}  I said, well, I didn't think he'd take it that literally..
01[13:27] {Threei}  I inserted the word just in a course of conversation
01[13:27] {Threei}  long story short, it worked
[13:30] {Les} ORCL covered .61 +.16
01[13:30] {Threei}  there you go
01[13:30] {Threei}  one meaningful trade instead of 5 guesses
01[13:31] {Threei}  you are not dp's long lost brother, are you?
01[13:31] {Threei}  he used to do same thing
[13:31] {dptl} still fighting this
01[13:33] {Threei}  it's not as if I don't know hot it feels... I did the same thing in 1997, and I even remember a stock
01[13:33] {Threei}  ASND
[13:33] {Les} UPS averaged in a little on new lows at .35 covered last piece .93 +.64
01[13:33] {Threei}  not listed anymore
01[13:33] {Threei}  Ascend communications or something like this
[13:34] {Les} big thank you to Nemo for heads up
01[13:34] {Threei}  it was dropping like crazy that day, then bouncing like crazy
01[13:34] {Threei}  I for some reason decided it was full of opportunities
01[13:35] {Threei}  when I was done with it, or better put it was done with me, I counted 16 trades (and commissions were 25 bucks one way back then) and $2,800 loss
01[13:44] {Threei}  ese, do you want a daffodil farm in my neck of the woods?
[13:44] {Les} how much vad?
01[13:44] {Threei}  $20.4 mil, but I am sure we can negotiate it down to 20
[13:45] {Les} ouch
01[13:45] {Threei}
01[13:52] {Threei} Long Setup:  LYB  .50 break hl
01[13:53] {Threei}  If holds  .40
01[13:56] {Threei}  dam is holding for now
[13:59] {Les} short the new low?
[13:59] {Les} if it comes?
01[14:00] {Threei}  most l,ikely yes
[14:00] {nemo} timber day
01[14:00] {Threei}  (CY) Cyprus Central Bank chief confirms the bank restructuring legislation under review in parliament will guarantee safety of deposits under �100K- Bank bill would allow for banks to reopen on Tuesday and review continued funding assistance from the ECB (ELA); alternatives to bill would be the closure of the Cyprus banks
01[14:01] {Threei}  so, will they just increase levy on accounts above 100K?
01[14:02] {Threei}  it's so fascinating to watch this self-destruction
[14:02] {Les} Hitler's epoch doesn't look so exceptional in light of present european behaviour
01[14:03] {Threei}  in many regards different from xUSSR, and in many very similar
01[14:03] {Threei}  1:1 on the fade
01[14:05] {Threei}  you took it les?
[14:06] {Les} yeh yeh
[14:06] {Les} ty
01[14:06] {Threei}  yw
[14:06] {Les} missus is home. no time to be bored anymore
[14:07] {nemo} hehehe, time for your kneepads Les?
01[14:07] {Threei}  just like water... tried to break the dam, couldn't, so it went to look for another way out
[14:07] {Les} new UPS short?
[14:07] {Les} .70?
01[14:07] {Threei}  not sure
[14:07] {nemo} you're getting really extreme on the iwm finnies and spy I'd be real careful
01[14:07] {Threei}  may do a db here
01[14:07] {Threei}  yes
[14:07] {Les} k
01[14:07] {Threei}  believe me, it's very painful to say,
[14:07] {nemo} we could have a collapse, but, odds aren't with you
01[14:08] {Threei}  but nemo is right
01[14:13] {Threei}  there you go
01[14:13] {Threei}  (CY) Troika approves the lates Cyprus banking legislation
01[14:14] {Threei}  which ultimately includes controls on capital outflows
01[14:17] {Threei}  VCLK halt
[14:17] {Les} SPY  .60 short if holding .65}?
[14:17] {Les} never mind
01[14:26] {Threei}  "Nothing is more effective in demoralizing an enemy than seeing Scottish parachutists"
[14:27] {Les} oh I get it.... finally
[14:27] {nemo} duh
[14:27] {Will49} size matters...even in warfare
[14:35] {Les} yeh well I was imagining scots in cam fatigues not kilts. makes a world of difference
[14:36] {Will49} oh yeah!
[14:49] {ese} jam........nice...stupid frickin thing.
[14:50] {ese} Vad saw that article on the Vantwreight properties........interesting.....i thought that you should buy it
01[14:50] {Threei}  meh
[14:51] {ese} ya
[14:56] {nemo} well think DDD has bottomed
01[14:58] {Threei}  now we need it topped
[14:59] {Les} GDX too for the moment
01[15:01] {Threei}  Cyprus - Bill would limit withdrawls and restrict the capital circulation
01[15:01] {Threei}  oh good
01[15:02] {Threei}  because we have too few restraints and too much capital circulation, and limiting those improves life
[15:06] {Les} GS
[15:06] {Les} db?
01[15:07] {Threei}  who knows
01[15:07] {Threei}  no indication
01[15:12] {Threei} Short Setup: BBRY  .20 break
01[15:12] {Threei}  If holds  .30
01[15:15] {Threei} Short Setup: JPM  .50 break
[15:22] {Les} ya took all me shares vad can^'tborrow bbry
01[15:30] {Threei}  stop .56
01[15:30] {Threei}  hit 1 cent of 1:1
01[15:40] {Threei}  BBRY 1:1
01[15:45] {Threei}  JPM 1:1 is close enough, half out
01[15:45] {Threei}  time becomes an issue
01[15:45] {Threei}  stop to .51
01[15:45] {Threei}  1:1
01[15:46] {Threei}  let's see if we can get a mini-collapse on last minutes
01[15:46] {Threei}  or a maxi one
01[15:46] {Threei}  I love them all
[15:46] {ese} Done for the day I'll catch you tomorrow morning.....
01[15:46] {Threei}  nothing like a collapsing market
01[15:46] {Threei}  short at will and count money
[15:47] {Will49} see ya ese
01[15:47] {Threei}  take care ese
[15:47] {ese} And the collapsing ese
[15:55] {patel} take care everyone
01[15:55] {Threei}  Cyprus has rating?
01[15:55] {Threei}  I thought it was "dust"
[15:56] {Les} see Russian money is legit :)
01[15:56] {Threei}  (CY) Eurogroup concludes conference call on Cyprus; Statement expected shortly; Reiterates important to guarantee deposits under �100K- Eurogroup is prepared to discuss the new draft proposal with Cyprus. - Expecting Cyprus to present a new proposal quickly; Will continue talks after} Troika conducts analysis of details. - Reiterates Eurogroup is prepared to assist Cyprus in its reform effort. - Separately, press reports suggest Cyprus govt is ready to present its "internal borrowing" plan; Cyprus govt also opposes any deposit tax and insists that if Troika demands such a tax it should be very small.
01[15:57] {Threei}  ok, closing balance KPM
01[15:57] {Threei}  saved by the bell
01[15:57] {Threei}  JPM too
[15:57] {Will49} Tks Vad..decent day
01[15:57] {Threei}  yup
[15:57] {jdetente} yeah thanks Vad
[15:57] {Les} cheers
01[15:58] {Threei}  inch by inch
01[15:58] {Threei}  thanks guys
[15:58] {backman} my first green day...thnx
01[15:58] {Threei}  have a good evening, see you tomorrow
01[15:58] {Threei}  backman :)
01[15:59] {Threei}  frikin JPM, lol