June 1 2001

Starting today, we are going to add a screenshot of one of our trades, using the educational value of the setup as criteria. Most of screenshots will be self-explanatory with annotations showing the support, resistance, trigger and exit. When needed, we will add brief comments. To mark the start, we post tw0 trades today.

BP short, we tried this breakdown of 37.50 twice. First time we have covered half for +14 cents but second half got stopped breakeven on spike caused by half-hearted news. Second short indicated at the chart though worked like charm for a full $1 drop

VVUS long was more modest but nonetheless nice one: typical JBE setup, held pullback nicely and went for 1:2 risk/reward

Nice day with two big wins on BP, for 57 cents on long and a full dollar on short. A few more smaller wins and stops about canceled each other.

Session Time: Tue Jun 01 00:00:00 2010

[07:15] {ese} I know that you all are not up yet but i thought that i would log in and say have a great day.......i'm off to Abbotsford the is morning for 2 shows....

[07:15] {ese} 'this morning'

[08:18] {magoo} morn

[08:18] {nemo} morn

[08:34] {Les} afternoon

[08:39] {Threei} good morning

[08:39] {Les} finally, someone acknowledges my existence

[08:39] {Threei} BP is getting destroyed

[08:40] {Threei} I didn't acknowledge anyone's existence... I just annunced mine

[08:40] {Les} hehehe morning vad

[08:40] {Threei} :)

[08:49] {dptl} morning

[08:51] {Threei} dp :)

[09:00] {Threei} *(CA) BANK OF CANADA (BOC) RAISES INTEREST RATES BY 25BPS TO 0.50%; AS EXPECTED

[09:00] {Threei} ***Insight: This is the first interest rate increase since July 2007 following 10 rate cuts totaling 425bps to 0.25% in April 2009

[09:10] {dino} gm all

[09:10] {Threei} dino :)

[09:15] {RonS} gm dudes & larisa

[09:15] {Threei} ron :)

[09:15] {Threei} larisa :)

[09:19] {larisa} gm :)

[09:20] {Threei} what was that on BP

[09:20] {lasertrev} good morning

[09:20] {Threei} trev :)

[09:20] {Les} BP's Alamo

[09:24] {jfjf64} mornin

[09:25] {Threei} jf :)

[09:26] {shorty} good morning

[09:26] {Les} hmmm photoshop or not photoshop?

[09:26] {Les} http://www.abc.net.au/news/

[09:26] {Les} looks pretty sus to me

[09:26] {Threei} shorty :)

[09:27] {shorty} I saw other pics of that Les, it looks real to me.

[09:27] {Les} pretty nice neat hold there shorty

[09:27] {Les} hole, not hold

[09:28] {Threei} can't tell at this size but doable in photoshop easy

[09:28] {Les} makes me think of Bill Murray and caddyshack :)

[09:29] {jfjf64} classic

[09:29] {Les} what's on the menu vad?

[09:30] {Threei} still reading it

[09:31] {Threei} LVS

[09:31] {Threei} watching for sharp dive and entry for bounce

[09:32] {Threei} .05 break, half lot

[09:33] {Threei} 23 brea

[09:33] {Threei} modofication

[09:33] {nemo} to late

[09:33] {nemo} o

[09:35] {jfjf64} .10 break

[09:35] {nemo} ?

[09:35] {Threei} should be good for about .25 at least

[09:35] {Les} out +.09 ty from .01 break

[09:35] {Les} aaaaaaw maaaaaan

[09:35] {Threei} out

[09:35] {Threei} .25

[09:36] {jfjf64} ditto ty

[09:36] {Threei} over 1:2

[09:36] {Les} you purposefully waited until I had scalped

[09:36] {Les} but I see why you chose .25

[09:37] {Threei} QCOR

[09:37] {jfjf64} resistance friday correct

[09:37] {jfjf64} .25

[09:38] {Threei} no news QCOR...

[09:39] {Les} fas just fell back below 24

[09:40] {nemo} looks like market wants to close the gap

[09:42] {jfjf64} vlo .93

[09:42] {nemo} wow bidu

[09:43] {jfjf64} vlo no go

[09:43] {dino} china stocks seem to be holding well

[09:46] {Threei} Long Setup: BP .60 break half lot

[09:46] {Threei} stop for scalpers .50, day traders .40

[09:47] {nemo} ow

[09:47] {nemo} spy holding trend line

[09:47] {Threei} F National Highway Administration reportedly investigation Ford Fusion and Mercury Milan for possible pedal entrapment risk due to floor mats (11.60, -0.13, -1.11%)

[09:47] {Threei} sounds familiar

[09:48] {Threei} CS NYT Dealbook notes that investment bank advisors stand to lose hundreds of millions of dollars in fees if AIG's AIA deal with Prudential plc fails to close

[09:48] {Threei} - Credit Suisse, HSBC, Lazard, and JP Morgan are all advisors on the deal

[09:48] {dino} just get rid of floor mats, problem solved

[09:48] {Threei} lol

[09:50] {nemo} scalp rinse

[09:50] {Threei} Long Setup: VVUS .60 break

[09:51] {Threei} stop under .50

[09:52] {dptl} in

[09:53] {Threei} there is a swing version of this trade, with stop under .40 and target around 13

[09:53] {Threei} I am just hesitant about longer term plays

[09:54] {dptl} jnj?

[09:54] {Threei} .30 long?

[09:54] {dptl} y

[09:54] {Threei} looks reasonable to me

[09:56] {dptl} damn...missed it

[09:56] {jfjf64} ibm .55 break

[09:57] {dptl} can we trail stop to under.55 vvus?

[09:57] {jfjf64} if holdin .40

[09:57] {dino} clf gap fill

[09:58] {Threei} if you treat it like quick scalp, yes

[09:58] {Threei} although in that case, why not take profit or at least partial at 1:1

[09:59] {dptl} ye will keep under .50

[10:00] {dino} clf sm l .76

[10:00] {Threei} *(US) APRIL CONSTRUCTION SPENDING (M/M): 2.7% V 0.0%E

[10:00] {Threei} - prior revised from 0.2% to 0.4% (related SPY SHY EUR/USD XHB )

[10:00] {Threei} US) MAY ISM MANUFACTURING: 59.7 V 59E

[10:00] {Threei} QCOR nice move after 10 breal

[10:00] {Threei} break too

[10:01] {Threei} JNJ 1:2

[10:01] {nemo} spy gap filled

[10:01] {dptl} not going with market vvus

[10:02] {dino} pot sm l .15

[10:04] {Threei} JNJ 1:3

[10:04] {dptl} crying

[10:04] {Threei} time to get out, IMO

[10:05] {magoo} LVS MGM at it

[10:06] {magoo} anyone in VVUS with me?

[10:06] {shorty} I am

[10:06] {dptl} me

[10:07] {Threei} BP hit 1:1 for day traders

[10:07] {magoo} not really familiar with it...already see not my style

[10:08] {dptl} out vvus flat...don't like it

[10:08] {dino} out clf .25, +.50

[10:08] {Threei} if you partial, stop to b/e for the balance

[10:08] {Les} yeh mags bit of a laggard

[10:08] {dino} .49

[10:08] {magoo} usually these work, vad gets the best of me

[10:11] {Les} vad, time to raise stop on VVUS?

[10:11] {dino} out pot flat

[10:12] {Threei} didn't hot 1:1 close enough for that...

[10:12] {Threei} hit

[10:12] {Threei} BP stop to under .70

[10:12] {Les} ok

[10:13] {Les} lvs on this pullback? .40 break?

[10:13] {Les} if holding .30

[10:14] {Threei} if market reverses

[10:14] {Threei} top the upside I mean

[10:14] {Threei} chart is right on LVS

[10:14] {dptl} are you in bp?

[10:14] {Threei} 1/2

[10:14] {Threei} invalidated LVS

[10:15] {dino} clf sm l .85

[10:15] {Threei} TV says it's real hole in Guatemala

[10:15] {dptl} did.'t it broke .40 at 9:54 bp?

[10:15] {Les} damn them gophers are big down south

[10:15] {Threei} nope

[10:16] {Threei} out of bound print, Level 2 never lost .40

[10:16] {Les} les slaps dp around with a bit of wu wei

[10:16] {Threei} 1/4 more out BP

[10:16] {nemo} omg

[10:16] {dptl} oh...ok....i am lost today

[10:16] {nemo} today?

[10:16] {Threei} VVUS

[10:16] {jfjf64} vad aig any read

[10:16] {dptl} lol

[10:16] {Threei} now trail it

[10:17] {Threei} BP 1:3, out in full

[10:17] {Threei} +.57

[10:17] {jfjf64} wow

[10:17] {jfjf64} nice

[10:17] {Threei} AIG... not sure...

[10:17] {Threei} no drive

[10:18] {Threei} I like it when it's more fired up than this

[10:18] {jfjf64} keep doing what ya like

[10:18] {jfjf64} so far so GOOD

[10:19] {Threei} VVUS 1:1

[10:21] {Les} so far so good ty vad

[10:22] {dptl} gonna take a break

[10:22] {dino} qsii sm l ave .43

[10:22] {jfjf64} sfsg lol

[10:22] {Threei} dp

[10:23] {Threei} you are trying to outsmart the market

[10:23] {Threei} LVS, worked after all, eh

[10:23] {dino} apc sm l .00

[10:23] {dptl} i think so....it's that kinda day, i feel like i don't understand anything

[10:24] {jfjf64} no whatt ya mean pal

[10:24] {dino} that kind of month for me dp

[10:24] {larisa} dino, today is June 1th :)

[10:25] {jfjf64} lol

[10:25] {dino} lol

[10:25] {Les} BP .15 break?

[10:25] {Les} .20?

[10:25] {dino} apc stopped -.35

[10:25] {Threei} no

[10:26] {Threei} see, you are trying to take each trade creatively

[10:26] {Threei} there is no need for that

[10:26] {dino} ndx strong

[10:26] {Threei} creativity is needed when you design your setups

[10:26] {jfjf64} ??

[10:27] {Threei} at the execution stage, you simply execute

[10:28] {Threei} in VVUS case,

[10:28] {Threei} what's the need to alter the plan

[10:28] {Threei} while nothing but noise happens?

[10:28] {Threei} stop is hit - you are out

[10:28] {Threei} stop is not touched - you wait

[10:28] {dino} out clf .65, +.80

[10:29] {Threei} profit target is reached, - sell or partial

[10:29] {Threei} something material should happen to change the plan,

[10:29] {Threei} and I see no changes that would signal thr need for plan change

[10:29] {Threei} EUR/USD The one-month Euro down trend line at 1.2340 area - dealers

[10:29] {Threei} - Likely Euro buy-stop orders lurking above that level

[10:30] {Threei} hmm... is it a misprint?

[10:30] {Threei} US) MAY DALLAS FED MANUFACTURING ACTIVITY: 2.9% V 18.6%E

[10:30] {Les} typo?

[10:30] {Threei} probably

[10:31] {jfjf64} high vol all gold stocks

[10:31] {Les} hopefully

[10:32] {jfjf64} gg .40 break

[10:33] {Les} dino, what news APC?

[10:33] {Threei} VVUS 1:2

[10:33] {Threei} 1/4 more out, stop is still b/e for the last piece

[10:33] {Threei} is it time to harass magoo?

[10:33] {magoo} waiting .84

[10:33] {Threei} oops

[10:34] {Threei} he managed to hold onto it :)

[10:34] {magoo} yea

[10:34] {magoo} entire

[10:34] {magoo} 2k

[10:34] {magoo} oUT

[10:34] {Threei} wtg

[10:34] {jfjf64} nice

[10:34] {magoo} just hard on me he he

[10:34] {magoo} forgot it tho

[10:34] {Threei} not exactly your style, but heck

[10:34] {magoo} trading apc, rig

[10:34] {jfjf64} gg invalid

[10:35] {jfjf64} my setups not wking today

[10:35] {Threei} JNJ worked nicely, jf

[10:36] {jfjf64} not i

[10:37] {Threei} it was dp's but it's your style setup

[10:37] {jfjf64} yes 100 percent

[10:40] {jfjf64} mgm sharp drop

[10:41] {dino} feels like day 3 is starting

[10:41] {jfjf64} ??

[10:42] {dino} day one open -100, day 2 +70, day 3 going down.....seems like a week in a day lately

[10:42] {jfjf64} follow

[10:44] {jfjf64} feels lk vxx gona explode

[10:44] {Threei} btw guys,

[10:44] {Threei} Laser has added a few indices, including real time VIX

[10:44] {Threei} http://www.cboe.org/mdx/MDIProducts.aspx

[10:44] {Threei} for 1.50 a month if I got it right

[10:48] {dino} qsii stopped -.31

[10:50] {Threei} Short Setup: GG .25 half lot

[10:50] {Threei} if stays under .30

[10:52] {dptl} in

[10:52] {dptl} .24

[10:52] {shorty} same

[10:52] {Threei} it's an aggressive entry for .20 break

[10:53] {shorty} ok

[10:53] {Threei} SPY loss of .50 should help it

[10:54] {Threei} here goes SPY

[10:56] {Threei} still resisting eh

[10:57] {jfjf64} here we go

[10:57] {Threei} holding by fingertips

[10:57] {shorty} C'mon...Guatemala sink hole.

[10:57] {Threei} lol

[10:58] {Threei} SPY changed its mind

[10:58] {Les} GG bounced off 50 ma as well. gave it a bit of juice

[10:58] {Threei} out

[10:59] {dptl} out .33

[10:59] {Les} I like the setup though. on watch for another go if market permits

[11:03] {Les} apc trying to get over 50ma resistance.

[11:04] {Threei} market stalled around this .50 line

[11:04] {Threei} chart looks breakdownish but doesn't break

[11:04] {Les} it must be them

[11:04] {Threei} no way to tell reallt how it resolves

[11:05] {dptl} nbr .10 break?

[11:05] {Threei} chart is right, but it's a play for a few pennies

[11:05] {Threei} even 10 would be a problem

[11:05] {Threei} rather struggle

[11:06] {dptl} ok ty

[11:08] {dptl} long xom .66,stop under .60

[11:10] {Les} s gg .25

[11:15] {Threei} EU's Juncker: Europe must defend the euro (related EUR/USD )

[11:15] {dptl} stopped

[11:15] {Threei} {--- adding another name o the list of idiots

[11:15] {nemo} Exactly how does he expect to do that

[11:15] {nemo} ?

[11:16] {Les} covered GG .09 +.16

[11:16] {Les} lol thought you were bagging dp there Vad

[11:16] {Threei} ?

[11:16] {Les} list of idiots

[11:16] {Les} sorry, nasty thoughts running through this purile mind

[11:16] {Les} peurile?

[11:17] {nemo} puerile

[11:17] {Les} ty

[11:17] {Threei} rinse GG

[11:17] {nemo} dork

[11:23] {Threei} watching BP

[11:26] {Threei} no clear setup yet

[11:27] {Threei} well, obvious thing is

[11:27] {Threei} Long Setup: BP 38 break if stays above .90

[11:28] {Threei} just a scalp most likely

[11:28] {dptl} in

[11:28] {nemo} in

[11:28] {magoo} in

[11:28] {Les} OUT

[11:29] {Les} spy

[11:29] {Les} sorry

[11:29] {Threei} touched .07

[11:29] {Threei} I had sell at .08

[11:30] {dptl} ?

[11:30] {magoo} wow, thought u wanted more than that

[11:30] {Threei} [11:28] {Threei} just a scalp most likely

[11:30] {dptl} not even 1:1?

[11:30] {Les} out flat

[11:30] {Threei} formally, it bottomed at .92

[11:30] {nemo} out flat

[11:31] {Threei} and time of the day isn't very inspiring

[11:31] {Threei} so settled at .08

[11:31] {Les} 100ma acting as resistance .07. .10 sell order wasn't smart

[11:31] {dptl} &Threei} Long Setup: BP 38 break if stays above .90

[11:31] {dptl} 10c stop

[11:31] {dptl} for 8c

[11:31] {Threei} didn't I just explain why?

[11:32] {Threei} out

[11:32] {dptl} stopped

[11:34] {dptl} very confused

[11:34] {Threei} I can see that... you keep thinkming whole day about something that is not a matter of thinking at all

[11:39] {Les} missed apc break

[11:40] {magoo} in apc .40

[11:40] {magoo} 44.40

[11:40] {Les} yeh grabbing the retest would have been nice

[11:40] {magoo} looking for over 45

[11:41] {magoo} still doewn hige

[11:41] {magoo} craop

[11:41] {magoo} crap

[11:43] {Les} s BP .88¨

[11:47] {Les} gg bounce 44 maybe

[11:52] {nemo} Qs 200 ma was at .70, Spy at about 108.90

[11:54] {nemo} db on fas Vad?

[11:55] {Threei} .60 break?

[11:55] {nemo} was thinking .55 myself

[11:55] {Threei} could be'

[11:55] {nemo} in

[11:55] {dino} sm l clf .30

[11:56] {Les} cover bp .69 + 19

[11:56] {Threei} chart looks right... time of the day is a main concern

[11:56] {nemo} yeah

[11:57] {Threei} (US) US President Obama: Affirms will hold BP and any other responsible parties accountable for actions that led to crisis

[11:57] {Threei} conforting

[11:57] {Threei} n=m

[11:58] {magoo} APC about to squeeze imo

[11:58] {dino} sm l ups .75

[11:58] {magoo} very risky

[11:59] {nemo} fas bounced off the open

[11:59] {Threei} AIG Prudential Plc bid has collapsed - BBC (34.53, -0.85, -2.40%) (related PRU.UK )

[11:59] {Threei} bad

[12:00] {Threei} AI\G recovers

[12:01] {Threei} FAS is saved by this

[12:01] {Threei} IMO, use this spike to scratch the trade nemo

[12:02] {Threei} market is highly confused what to make of this PRU/AIG

[12:03] {nemo} I stopped out at .41

[12:03] {dptl} me too at .42

[12:03] {nemo} tried to get out at .45 but slipped

[12:13] {Threei} looks like market chooses up after all

[12:20] {Threei} watching BP for possible long under .60

[12:21] {nemo} spy walking the 200 ma

[12:22] {jfjf64} you in vad

[12:22] {Threei} no

[12:23] {Threei} didn't give me entry, wanted it to dive under .60

[12:23] {nemo} ceiling at .89

[12:23] {nemo} 80

[12:23] {nemo} .80

[12:23] {nemo} sheesh

[12:31] {magoo} out apc ,81 +.41 BIG

[12:31] {magoo} still like it to squeeze today, but needed to bank it

[12:32] {Les} apc

[12:32] {Threei} wow.... do I see magoo maturing to the point where he actually takes p;rofits before they reach millions?

[12:32] {Les} sorry

[12:34] {magoo} gonna regrett it vad

[12:34] {magoo} me that is

[12:34] {Threei} on this particular tyrade - maybe,

[12:34] {Threei} in a long run - nop

[12:35] {Threei} I'd agree with notion of holding longer if we had bubbling bull market

[12:35] {Threei} circa 1998

[12:35] {Threei} this swamp - no way

[12:35] {magoo} man, now u bringing tears to my eyes, i miss the ole girl "98

[12:36] {Les} the good old days, was it?

[12:36] {Threei} if we got it again wirth the experience amnd knowledge we have today, eh? :)

[12:36] {magoo} dino and i buy 1k stock, go golfing, phone in office up 12 points

[12:37] {magoo} u know vad, if we did id make MILLIONS no shit

[12:37] {Les} really? then my thoughts are with Ben the Chopper Bernanke. "Blow, Baby, Blow!"

[12:38] {Threei} frequent occurence:

[12:38] {dino} funny, in those days a chimp could make big bucks

[12:38] {Threei} some tech stock, let's say NURF (not exact symbol but something close) get mentioned by a gutu like Gilder, in giolder report

[12:38] {Threei} thing costs 15 bucks

[12:39] {Threei} immediate reaction is jump 5-6 bucks,

[12:39] {Threei} what happens ten is a climb throughout the day that sees it finally up 40 points

[12:39] {Les} bp on a run

[12:40] {Threei} 40 points, a day, on a mention in guru's newsletter

[12:40] {dino} i remember gilder, tech guru

[12:42] {dino} of course back then the futures told you the whole day

[12:43] {shorty} In 98 I remember cheap beer and Bre X

[12:44] {dino} threw him out of chopper

[12:45] {shorty} I lived 2 blocks from the Bre X office. I thought the place would get bombed.

[12:46] {dino} crazy one

[12:48] {shorty} I had friends that poured a crap load of money in that stock, I laughed when they lost it all. I seriously thought it was funny.

[12:48] {Threei} you sure had warped sense of humor

[12:48] {shorty} If you knew my friends, you would have laughe too

[12:49] {Threei} oh OK

[12:49] {Threei} lol

[12:49] {Threei} but then, the question arises...

[12:49] {Threei} tell me who your friends are... {G}

[12:49] {shorty} Ummm......At my age, who needs friends.

[12:51] {dino} lol

[12:52] {Les} yeh right shorty. you're our whipping boy from now on. Mr "I don't need any friends"...

[12:55] {shorty} It's weird, I got married, had kids, and now I have limited friends. To be honest, I really don't care all that much.

[12:55] {magoo} u r not making a good case for any of us to consider being your friend lol

[12:56] {shorty} lol....

[12:56] {Les} ditto on my part shorty, but friends are friends man, even if it is just Nemo

[12:56] {Les} gg 44 b/d

[12:58] {shorty} I just don't like the BS. I would rather have a dog.

[12:58] {shorty} or nemo

[12:59] {Les} probably one of the reasons I "work" here. a no BS office environment

[13:01] {shorty} Things change.

[13:02] {shorty} Facebook made me realize why I stopped talking to a lot of people I use to know.

[13:02] {Les} not me, I suddenly understand why I'm different:

[13:02] {Les} http://www.telegraph.co.uk/science/science-news/7791112/Teenagers-blameless-for-inability-to-concentrate.html

[13:03] {shorty} That is interesting.

[13:04] {Les} I can't follow vad for 10 minutes without looking up a simpons episode

[13:04] {Threei} Short Setup: BP .80 break half lot

[13:04] {Les} its embarrassing

[13:06] {shorty} lol Les.... And I can't short BP.

[13:06] {dptl} stop obove .90?

[13:06] {Threei} yes

[13:06] {Threei} there is anopther above 38

[13:07] {Threei} but I am not very comfortable with that

[13:07] {Threei} no go

[13:07] {dptl} stopped

[13:11] {Les} wondering if RIG will follow BP

[13:14] {Threei} don't think so Les

[13:15] {Threei} compare their charts today

[13:15] {Threei} not much in common

[13:17] {Les} stopped GG. no more easy money

[13:19] {shorty} Ya, waiting for Threei to make a call. I am not venturing into the market alone today.

[13:19] {nemo} should test the highs now

[13:19] {Threei} AIG

[13:19] {Threei} 35 break

[13:20] {Threei} for quick scalp

[13:21] {nemo} not oing with the market

[13:28] {Les} quick scalp or sufficiently consolidated for more?

[13:29] {Threei} will probably be dependent on the market

[13:29] {Threei} if we break and go for new highs, can be more

[13:35] {Threei} these offers by ARCA eventually overpowered it

[13:42] {Les} rig 52 and freefalling

[13:43] {Threei} BP too

[13:43] {Threei} BAC SEC inspector general expanding the probe of settlement with BAC over short selling - CNBC

[13:43] {Threei} - Widening probe of approved BoA settlement; expects to include investigation by year end

[13:43] {nemo} "include"?

[13:44] {Threei} conclude I'd guess

[13:46] {Threei} BP Reportedly Coast Guard Admiral claims BP will not add 2nd blowout preventer until relief wells are finished

[13:46] {Threei} i.e., august?

[13:46] {nemo} yep

[13:46] {Threei} APC Hearing BoA/Merrill makes positive comments, sees company as takeover candidate (timing uncertain

[13:48] {Threei} it really starts looking increasingly as they can't do anything to plug the hole

[13:49] {Threei} feels to me like eventually we will break and go for new highs today

[13:50] {Threei} and BP - for new lows

[13:51] {Threei} just as I decided to alert .50 short

[13:52] {Threei} British Petroleum plc Reportedly Coast Guard Admiral claims BP no longer plans to attach a 2nd blowout preventer until relief wells are finished; will instead focus on capturing flow

[13:52] {Threei} - reminder: this past weekend BP said that the lower marine riser package cap (LMRP) that was being moved into position was expected to capture "most" of the oil and gas from the well. Process would involve cutting off the damaged riser from which the oil and gas are leaking and replacing it with a new riser and then attaching a new blowout preventer on top of the malfunction one.

[13:52] {Threei} - As of Saturday, the relief well being drilled was about halfway complete, with about 6,000 feet to go; forecasting relief well to be finished in early August.

[13:52] {Threei} let's see

[13:52] {Threei} same stup

[13:52] {Threei} stop above .60

[13:55] {Threei} not a scalp for me

[13:56] {dptl} bp is that?

[13:57] {Threei} yes

[13:57] {Threei} 1:1

[13:57] {Threei} half out .36

[13:58] {Threei} stop to .55

[14:00] {Threei} targets are .25 and .10

[14:00] {nemo} bid at .36

[14:01] {Threei} just nop shakeouts BP

[14:02] {dino} day 4

[14:03] {Les} apc shaping up as a db

[14:03] {Threei} ok... second half didn't want to work

[14:03] {Threei} news I'd guess

[14:03] {nemo} markets turned

[14:04] {Threei} BP Deepwater Spokesperson denies reports that the efforts have been discontinued as far as attaching a new blowout preventer

[14:04] {Threei} there

[14:04] {Threei} this is what ate our second half

[14:08] {shorty} dino...CLF?

[14:12] {Les} l apc 44 sm.

[14:16] {dino} messed up

[14:20] {magoo} what is real low today BP?, mine shows 6 bux

[14:20] {shorty} same here magoo

[14:20] {Threei} 36.90

[14:21] {Threei} weas lower premarket though,

[14:21] {Threei} around 36.60

[14:21] {magoo} ty

[14:22] {Threei} 6.32 must be a vision of the future though, lol

[14:23] {Threei} US condemns Israeli raid

[14:23] {magoo} lol

[14:23] {Threei} White House won't hold more joint briefings with BP

[14:24] {Threei} full "we are not with them" mode

[14:24] {Les} oops getting a little uncomfortable are we...

[14:24] {Les} why don't he put on cowboy boots and hat and pretend to be texan...

[14:25] {magoo} why destroy apc tho, not connected to this disaster are they?

[14:25] {dino} apc is partner in deep hoizon well

[14:26] {RonS} mags, i have read that they hold a partail interest in the blown well..and w/ Shumer out with unlimited liability...

[14:26] {magoo} oh, ty ron

[14:27] {dino} see above magoo

[14:28] {Les} you guys aren't sitting opposite each other in the office?

[14:31] {dino} killing chemicals/ferts, metals

[14:31] {Les} l clf .81 sm

[14:32] {patience} .

[14:32] {Threei} BP Hearing defended at JP Morgan, feels dividend is safe (timing uncertain) (37.64, -5.31, -12.36%)

[14:32] {Threei} really?

[14:32] {Threei} I don't about abiout anything being "safe" at BP...

[14:33] {magoo} they are trapped long

[14:33] {Threei} this can easily end in BP being cut by 50% and more as a company, and pretty much fighting for dear life

[14:34] {Les} takover target?

[14:34] {Les} oof not with that liability on its book...

[14:34] {Threei} at 6.32

[14:34] {Les} yeh

[14:34] {Threei} it's all pretty much a speculation until we know the cost of cleanup and related liabilities

[14:35] {Threei} plus whole feud with administration

[14:35] {Threei} which will only be too happy to throw it under the bus

[14:35] {Les} often wonder about such liability when I buy Alaskan salmon...

[14:35] {Les} "am I eating exxon's oil?"

[14:36] {Threei} little Valdez oil is good for you

[14:36] {Les} huh

[14:36] {nemo} Les, what?

[14:36] {nemo} you think you have a brain to save?

[14:36] {Les} hmmm

[14:36] {Les} good point

[14:36] {RonS} breaking...Tipper giving Al the boot...says warming not happening in the sack

[14:36] {Les} lol

[14:37] {Threei} rofl

[14:37] {Threei} that was bad Ron

[14:37] {dino} lol

[14:37] {Threei} so bad, it's good

[14:37] {nemo} excellent

[14:37] {RonS} ...they are splitting...

[14:37] {nemo} yes

[14:44] {dino} clh

[14:44] {nemo} wow

[14:45] {Threei} does it get some clean-up job?

[14:45] {nemo} probably

[14:46] {Threei} may 18

[14:46] {Threei} CLH Hearing Wedbush makes positive comments on potential revenues for CLH from the Gulf clean up effort (timing uncertain

[14:46] {Threei} May 18, 2010 8:02:37 AM

[14:46] {Threei} Clean Harbors Inc Updates Participation in Gulf Oil Spill Response

[14:46] {Threei} - Reported today that as the leading provider of environmental emergency response services in North America, the Company has been contracted to provide a variety of environmental response services throughout the Gulf of Mexico region to protect the area's natural resources from the effects of the ongoing oil rig spill.

[14:46] {Threei} - Clean Harbors currently has deployed a large number of its own personnel and subcontractors to a variety of locations throughout the Gulf. As part of its engagement, it also has been tasked with recruiting and training residents of the affected Gulf areas to safely conduct oil spill clean-up along the coastline. Clean Harbors has been contracted by government agencies and private organizations to provide a wide range of support and logistical services. As part of its efforts, the Company is supplying equipment, including boats, containment boom, skimmers, and vacuum trucks, as well as recovery and treatment systems from its extensive equipment inventory. Clean Harbors is involved in many aspects of the spill response including containment, removal, disposal and recycling of the recovered oil.

[14:46] {Threei} - we have reached a point where we can quantify the potential near-term revenue impact from the spill.

[14:46] {Threei} - At this time, we are estimating that this event will result in an increase in second quarter 2010 revenues of 15 to 20 percent of the current First Call consensus estimate of $352.0 million

[14:46] {nemo} they got there start in the big Boston Harbor clean up in the 80's

[14:50] {Threei} BP still looks like short to me

[14:50] {Threei} second try?

[14:50] {Threei} sema setup

[14:50] {Threei} same

[14:51] {Threei} feels like now that news is out of the way, natiral flow should take over

[14:51] {Threei} 1:1

[14:51] {Threei} half out again

[14:51] {Threei} de ja vu

[14:52] {Threei} 1:2

[14:52] {Threei} second target is .25

[14:53] {Threei} stop for the balance to b/e

[14:53] {Threei} changing second target to under .20

[14:54] {Threei} getting greedy

[14:55] {Threei} this thing must drop more

[14:55] {Threei} in fact, I don't think it will hold 35

[14:55] {Threei} 37

[14:56] {RonS} apc lod

[14:56] {Les} stopped apc

[14:57] {Threei} original second target hit

[14:57] {Threei} do I get too greedy?

[14:58] {RonS} r u channeling mags?

[14:58] {Threei} I know he tried to hypnotize me

[14:59] {jfjf64} had to go pay property taxes i miss much

[15:00] {Threei} BP short, jf...

[15:00] {jfjf64} now

[15:00] {Threei} I got a Skype call, and this monotonous voicxe repeated three times "we are not taking profits less than 3 bucks..." before I heard dino in the background asking "hey, who stole the beer from the fridge??"

[15:00] {Threei} no, from .50 break

[15:01] {jfjf64} f k grrrrrrrrrrrrr

[15:01] {Threei} ok 1/4 more out

[15:01] {dino} lol

[15:01] {Threei} .19

[15:01] {Threei} 1:3, +.30

[15:01] {Threei} trying for the last piece under 37

[15:02] {Threei} originally, third target was .10

[15:02] {Threei} but I strongly feel it can do more

[15:03] {jfjf64} nice work vad

[15:03] {Threei} unusual day

[15:03] {Threei} many stops, but those that work, give very nice movements

[15:07] {jfjf64} thats what we like

[15:07] {nemo} ?

[15:08] {dino} day 5

[15:08] {Les} existential question for you Nemo:

[15:08] {Les} http://tech.fortune.cnn.com/2010/05/29/if-google-told-you-to-jump-off-a-cliff-would-you/

[15:08] {nemo} oh geez

[15:09] {nemo} no...I'd shoot you

[15:09] {Les} ouch

[15:09] {nemo} I was just cleaning my pistol as a matter of fact

[15:09] {Les} just read the bloody article ya darn smart alek

[15:09] {jfjf64} watch out for nemo les

[15:09] {nemo} come to think of it, it was made in Switzerland

[15:09] {Les} sigg`

[15:10] {Les} ?

[15:10] {nemo} eqkzaktly

[15:10] {Les} nice one vad. was late to party

[15:10] {Les} .25 short entry bp cover .01

[15:10] {jfjf64} i missed paety

[15:10] {jfjf64} party

[15:11] {Threei} ok BP

[15:11] {Threei} time to lose 37

[15:11] {shorty} cya guys tomorrow.

[15:11] {Threei} take care shorty

[15:11] {Les} they made my saucepans nemo

[15:11] {Les} ciao

[15:11] {nemo} multi-talented

[15:11] {Les} they still make guns?

[15:11] {nemo} Big Time

[15:12] {nemo} Huge law enforcement and military arms manufacturer

[15:12] {Les} remember some swiss guy bitching about sigg

[15:12] {Les} guess he meant they don't make em in switzerland anymore

[15:13] {jfjf64} nemo likes guns

[15:13] {Les} so do i

[15:13] {nemo} guns, knives, swords, hunting, chucks, tonfa...you name it, I like it

[15:13] {nemo} a bit noisy though

[15:13] {nemo} Prefer a bow

[15:14] {jfjf64} me too

[15:14] {nemo} I think I like long-distance the best

[15:15] {nemo} Got a 600-1000m range about an hour away

[15:15] {Les} I prefer 66mm rocket launchers. like Micheal douglas in "falling down"

[15:15] {jfjf64} lol

[15:15] {nemo} not enough precision

[15:16] {nemo} my israeli friend was fond of those

[15:16] {Les} http://en.wikipedia.org/wiki/Carl_Gustav_recoilless_rifle

[15:16] {nemo} used them often at the border with Lebanon

[15:16] {Les} these were fun

[15:17] {Les} this was awesome:

[15:17] {Les} http://en.wikipedia.org/wiki/Steyr_AUG

[15:17] {nemo} in 5.56

[15:17] {Les} sure

[15:18] {nemo} I hate that caliber

[15:18] {nemo} rimm Vad...ouch

[15:18] {nemo} nope

[15:19] {dino} fast fall

[15:20] {jfjf64} just picked up glock 26

[15:20] {jfjf64} nice close range

[15:20] {nemo} Had them, I just don't shoot them well. My natural hold fits the Sig rake angle

[15:21] {nemo} 26, that 9mm?

[15:21] {jfjf64} be honest dont lk fit

[15:21] {nemo} yep

[15:21] {jfjf64} y

[15:21] {nemo} Sig's I can double tap real well

[15:21] {nemo} not a fan of the 9

[15:21] {nemo} approaching the open on the spy

[15:22] {jfjf64} look that

[15:22] {nemo} (just a bull market correction)

[15:22] {nemo} look at what jf

[15:22] {jfjf64} spy

[15:22] {nemo} yes

[15:23] {jfjf64} need to pk up another monitor

[15:23] {jfjf64} 2 havin trouble now

[15:24] {Les} got three screens up and running again, but no surround sound. bad for itunes :(

[15:24] {Threei} come on BP

[15:25] {jfjf64} was wonderinr where ya where 3i

[15:25] {jfjf64} forgot ya doing the bp dance

[15:25] {jfjf64} nice

[15:26] {jfjf64} 36.90 coming

[15:26] {Threei} yesssss

[15:26] {jfjf64} bammmmmmmmmmmmmmmmmm

[15:26] {Threei} IS) Lebanon has fired anti-aircraft artillery at Israeli warplanes flying over Lebanon

[15:26] {Threei} - An Israeli military spokesperson would neither confirm nor deny the report.

[15:26] {Threei} - There was no damage to the Israeli planes.

[15:26] {Les} went short again after the little pop s .09

[15:26] {Threei} oh boy

[15:28] {Les} cover bp +.20

[15:28] {Les} daaamn 45 cents from BP into close

[15:29] {jfjf64} ??

[15:29] {Les} If I'd learn to avoid the usual crappy non-working setups in between opening and close

[15:29] {Les} I'd be raking it in

[15:29] {nemo} cry me a river

[15:29] {Les} I cried a river over you

[15:29] {Les} one day I'll learn

[15:30] {Threei} it's easy Les

[15:30] {nemo} ?

[15:30] {jfjf64} lot shares .80

[15:30] {Threei} look for instance at crappy setup let's say FAS long

[15:30] {Threei} amd look at me, not trading it

[15:30] {nemo} why?

[15:31] {Les} fas long at what time? you mean during the day?

[15:31] {nemo} now/

[15:31] {nemo} ?

[15:31] {Threei} yes

[15:31] {jfjf64} cause ya doing bp shuffle

[15:31] {nemo} db second inside BB

[15:31] {Threei} 'cause there is no good setup

[15:31] {nemo} looks like index

[15:32] {Threei} point is, it's easy not to trade crappy setups

[15:32] {Threei} you just do not trade them

[15:32] {Threei} simple as that

[15:32] {nemo} o.k. what makes this crappy

[15:32] {nemo} ?

[15:32] {Threei} besides the point

[15:32] {jfjf64} thanks nemo

[15:32] {nemo} I realize, but I'm asking

[15:32] {Threei} I could say FCX short or VVUS long

[15:33] {nemo} so, you actually weren't looking at fas?

[15:33] {Threei} no

[15:33] {nemo} ahhhhhhhh

[15:33] {Threei} I was talking about how easy it is not to trade crappy setups

[15:33] {jfjf64} ahhhhhhhhhhhh

[15:33] {nemo} because it was a db, with capitualtion volume, with second bottom inside the bb's

[15:34] {jfjf64} need to learn that

[15:34] {nemo} learn what jf?

[15:34] {jfjf64} crappy setups

[15:34] {nemo} ahhhhhhh

[15:35] {jfjf64} what chapter is that vad

[15:35] {Les} I found the source of America's resurgent economic growth:

[15:35] {Threei} it's being written every day, in many chapters

[15:35] {Les} http://finance.yahoo.com/news/Owners-Stop-Paying-Mortgage-nytimes-4276925797.html?x=0&sec=topStories&pos=7&asset=&ccode=

[15:35] {nemo} by various authors

[15:35] {nemo} old story les

[15:36] {jfjf64} eaklatly

[15:36] {Les} yeh yeh ya pompous old gun nut

[15:36] {nemo} alright, getting out the M4

[15:36] {Les} mail me a letter bomb

[15:37] {nemo} actually, strategic defaults have been written about for over a year

[15:37] {Les} yeh, but I've also been hearing that massive flat screens are selling again

[15:37] {nemo} too much potential for collateral damage Les (Here's hoping your kids take after their mother)

[15:37] {Les} its not just about keeping a roof

[15:37] {jfjf64} hoping more and more watchin ya a lighting bolt will come and hit me one day

[15:38] {nemo} no, they stop payin' and start spending

[15:40] {Les} rig .50 break

[15:42] {nemo} mmmhhhh....quite the thunderstorm, might lose power

[15:43] {jfjf64} .30 break short rig

[15:44] {dino} clf gap filled

[15:45] {dino} we just had one an hour agho nemo

[15:45] {dino} ago

[15:46] {Threei} finally!

[15:46] {Threei} out BP +1

06[15:47] * Threei slaps magoo around a bit with a large roll of cash

[15:47] {Les} you been holding out vad

[15:47] {nemo} don't think I'll be entering any positions in this storm

[15:47] {Threei} how many times I said I was going for big score on the last piece?

[15:48] {Les} probably too many

[15:48] {jfjf64} cover +32 cents

[15:48] {jfjf64} rig

[15:48] {nemo} oh jeez, there's a roaring sound outside

[15:48] {nemo} wtf

[15:48] {Les} nemo, would you mind conducting a small experiment for me?

[15:48] {Les} take a lightning rod outside...

[15:49] {Les} nice call jf

[15:49] {Les} no last minute rally to save RIG

[15:49] {jfjf64} when didnt break .50 long put my short hat on

[15:51] {jfjf64} was getting little mad missed bp

[15:51] {dino} lod s/p

[15:51] {jfjf64} i think call that revenge

[15:51] {Threei} guys

[15:51] {jfjf64} na

[15:51] {jfjf64} lol

[15:51] {Threei} starting today, I will include a little educational blurb with screensholt of one of trades in the trading log

[15:52] {Threei} so make sure to rview those

[15:52] {nemo} It's about time...:)

[15:52] {jfjf64} really

[15:52] {Threei} nothing fancy, just a chart and brief recall of a play

[15:52] {jfjf64} dont get lazy on us

[15:52] {Threei} too late for that

[15:53] {jfjf64} good

[15:53] {dptl} have a good evening all

[15:53] {jfjf64} will this be everyday vad

[15:53] {Threei} I'll try

[15:53] {Threei} for today, I will post two

[15:53] {Les} you put them somewhere obvious vad

[15:53] {Les} at the top or bottom

[15:53] {Threei} top of course

[15:54] {Les} ty

[15:54] {Threei} I don't expect anyone to scroll wll the way to the bottom {G}

[15:54] {jfjf64} lol

[15:54] {Les} damn right

[15:54] {Threei} British Petroleum plc US Attorney General (AG) confirms criminal and civil investigations into Gulf oil spill are now underway

[15:54] {nemo} so, should we go short overnight?

[15:54] {RonS} mags would love to do that

[15:54] {jfjf64} always do

[15:56] {Les} ok c u's tomorrow

[15:56] {Threei} thank you all

[15:56] {nemo} c u

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {jfjf64} enjoy all

[15:56] {larisa} bye :)

May 27 2010

Strong day with 5 wins and two small stops. FAS, FAZ and BP were our heroes again.

Session Time: Thu May 27 00:00:00 2010

[07:56] {magoo} sedarmoc kninrom

[07:56] {strider} easy for you to say.

[08:01] {Threei} IGC Announces $35 Million Iron Ore Supply Contract With Chinese Mining & Smelting Group

[08:04] {magoo} .

[08:10] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)

[08:10] {Threei} **Consensus expectations:

[08:10] {Threei} - Initial claims are 455Ke v prior week at 471K

[08:10] {Threei} (US) Preview: Advanced Q1 GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.9%e v 0.9% Preliminary reading

[08:10] {Threei} - Core PCE Q/Q: 0.6%e v 0.6%

[08:10] {Threei} Thursday, May 27, 2010 8:10:03 AM

[08:10] {Threei} (US) Preview: Advanced Q1 GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.9%e v 0.9% Preliminary reading

[08:10] {Threei} - Core PCE Q/Q: 0.6%e v 0.6% Preliminary reading

[08:22] {KSystems} good morning

[08:23] {Threei} ks :)

[08:23] {KSystems} anyone with current YM quotes?

[08:24] {nemo} Dino

[08:24] {nemo} Dino's not gonna' be happy today

[08:28] {Les} looks like resistance around here. wonder if market going to drop into the broadening wedge sorta looks like its making

[08:28] {Les} afternoon all

[08:29] {Threei} nemo, les

[08:29] {nemo} Vadster les

[08:30] {nemo} well, it wouldn't be surprising to see a pullback on the open. How can you be an investor in this environment?

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 460K V 455KE; CONTINUING CLAIMS: 4.6M V 4.613ME

[08:30] {Threei} *(US) Q1 PRELIMINARY GDP PRICE INDEX: 1.0% V 0.9%E; CORE PCE Q/Q: 0.6% V 0.6%E

[08:31] {Threei} *(US) Q1 PRELIMINARY GDP Q/Q ANNUALIZED: 3.0% V 3.4%E; PERSONAL CONSUMPTION: 3.5% V 3.8%E

[08:33] {Threei} CYTR Bafetinib's Statistically Significant Inhibition Of Glioblastoma Multiforme Cells Demonstrates Tremendous Potential For Drug Candidate (0.94, 0.00, 0.00%)

[08:51] {Threei} CYBX Presents results for VNS Therapy for patients with chronic and recurrent treatment-resistant depression in July 2005

[08:51] {Threei} - Announced the results of a multicenter, double-blind, randomized dosing study (D-21) conducted as a condition of the FDA approval for VNS Therapy for patients with chronic and recurrent treatment-resistant depression in July 2005. This dosing study showed a consistent, sustained and clinically meaningful decrease in depression symptoms across all treatment groups as measured by multiple validated depression assessment scales

[08:53] {Threei} BP Reportedly the "Top Kill" procedure successfully blocks oil leak - unconfirmed report

[08:55] {Threei} reported by LA Times

[08:56] {Threei} article cites Coast Guard admiral, claims the flow has been blocked, yet it is not yet sealed

[08:56] {nemo} so there was a leak on the leak

[08:56] {Threei} sounds like they jumped the gun

[08:56] {nemo} Trust but verify :)

[08:56] {Threei} no real time TV reports said anything but " we will know around noon"

[08:57] {Threei} (EU) ECB's Gonzalez-Paramo: Reiterates Euro is solid, ECB has anchored inflation expectations

[08:57] {Threei} - current level of overnight deposits it showing the lacking confidence within the banking sector

[08:57] {Threei} - notes that the Euro could not survive if faced with an additional Greece type issue

[08:58] {Threei} it's a good possibility that "worked-not worked" will create a lot of drama for BP price today

[08:59] {nemo} so dramamine before trading BP

[09:00] {Threei} C... C+ at best

[09:00] {Threei} DVAX Two Phase III trials cleared to continue (1.61, 0.00, 0.00%)

[09:01] {Threei} correction - late afternoon for determining if it worked, BP says

[09:06] {Threei} BP Spokesperson: can't confirm report that "top kill" procedure was successful

[09:07] {dptl} good morning

[09:08] {ese} moning

[09:08] {nemo} moaning?

[09:08] {Threei} dp, ese :)

[09:10] {nemo} rig happy

[09:10] {strider} morning all.

[09:12] {Threei} strider :)

[09:14] {magoo} RIG better mover of two (BP)

[09:14] {Threei} in what way?

[09:15] {Threei} wider moves or more predictable?

[09:15] {magoo} better range..bigger range

[09:15] {magoo} plus stronger overall

[09:15] {Threei} well, it's thinner

[09:15] {Threei} wider spread

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:16] {larisa} :)

[09:17] {ese} you lookin at anything in particular vad or just the usual suspects

[09:17] {Threei} usual plus BP

[09:18] {Threei} that is going to be high drama today probably

[09:18] {Threei} and nemo, don't even think of repeating dramamine joke... truly lame, even with my primitive sense of humor

[09:18] {lasertrev} good morning

[09:19] {Threei} trev :)

[09:19] {Les} let's have the joke nemo

[09:19] {nemo} wasn't a joke, just a comment

[09:19] {shorty} morning, can only trade for a little bit, but hope to make it a good one.

[09:20] {Threei} shorty :)

[09:20] {nemo} Hope is a dirty word

[09:20] {Les} shorty, if you leave your kids in a cage at the zoo you won't have to repeatedly miss trading for said excursion with children

[09:21] {shorty} This one is for her school, and I wa asked to help the teachers, and said yes.

[09:21] {ese} this is my kinda guy.......good job shorty

[09:22] {shorty} lol thanks ese

[09:22] {Threei} I have whole three jokes about that but none of them is usable in anything remotely resembling decent gathering

[09:23] {nemo} that's what dcc is for

[09:23] {Threei} VLNC Receives Orders to Power New Fleet of Environmentally-Friendly Hybrid School Buses

[09:24] {Les} oh so we are decent gather are we? I'll remember that

[09:24] {Les} Or were you just refering to Lari?

[09:25] {Threei} pretty much, plus I am not sure who else out there reads the logs,

[09:25] {Threei} so I save myself editing

[09:26] {Les} Threei {--------- joke nazi

06[09:27] * Threei opens his box with various trouts, selects the one matching the occassion

[09:27] {nemo} tiger trout

[09:27] {Threei} you think?

[09:27] {nemo} imo

[09:27] {Threei} OK, 3 min to open

[09:28] {Les} tried to do a constanza trade on bp

[09:28] {jfjf64} mornin

[09:28] {Threei} jf :)

[09:28] {Les} saw it breaking 45, thought it was a trap

[09:28] {Les} but failed to get in at .06 for a long

[09:32] {shorty} NTAP momo

[09:32] {Threei} Long Setup: FAZ .15 break

[09:32] {Threei} if stays above .10

[09:33] {Threei} 1:1

[09:33] {shorty} took it...ty

[09:34] {nemo} piece of work that Ksystems

[09:34] {KSystems} :-P

[09:34] {nemo} Jung! Was machst du denn?!

06[09:34] * KSystems slaps nemo around a bit with a large Mexican Golden Trout

[09:35] {nemo} Herrn K, vielleicht hat er nicht gesehen

[09:35] {Les} cutthroat trout looks about right

[09:35] {Threei} 1:2

[09:35] {Threei} 1:3, out

[09:35] {magoo} out .28 ty

[09:35] {magoo} crap

[09:35] {Threei} 1:5

[09:35] {Threei} lol

[09:36] {magoo} frustrating

[09:36] {Threei} sheesh

[09:36] {nemo} what was the setup-bounce recross hunt?

[09:36] {Threei} I hate this attitude

[09:36] {magoo} calm down

[09:36] {Threei} getting perfect entry, safest possible, nice profit

[09:36] {Threei} yet iot's frustrating

[09:37] {magoo} im unique-greedy

[09:37] {Les} .40 is resistance for FAZ. hopefully pullback opp here

[09:37] {magoo} remember my book"the rocking horse winner"?

[09:37] {Threei} yes on setup, nemo

[09:37] {nemo} ty

[09:38] {nemo} why you think bounce there?

[09:38] {magoo} BP pulling back

[09:38] {magoo} RIG up

[09:40] {Les} jeez MON getting punished

[09:40] {nemo} said they wouldn't make numbers this year

[09:40] {Threei} Long Setup: BP .50 break hakf lot

[09:41] {Threei} 1:1

[09:41] {dptl} ah missed it

[09:41] {shorty} took 1:1 ty

[09:41] {magoo} out .70 TY vad

[09:42] {magoo} took .49

[09:42] {Threei} welcome

[09:42] {magoo} frustrating

[09:42] {magoo} HE HE

06[09:42] * nemo slaps magoo around a bit with a large cutthroat trout

[09:43] {Threei} 1:3

[09:44] {magoo} WOW V dive

[09:45] {Les} faz pullback

[09:45] {magoo} news V vad?

[09:45] {Threei} no

[09:47] {Threei} RIG Hearing JPMorgan making cautious comments (timing uncertain)

[09:50] {Les} GLD very strong

[09:53] {Les} F .70 b/d?

[09:53] {jfjf64} lvs vad

[09:54] {Threei} if market spikes, .95 break

[09:54] {Threei} I'd prefer pullback though

[09:56] {Threei} not much of a pullback

[09:57] {ese} L klic .95

[09:57] {Threei} NTAP

[09:57] {Threei} half lot

[09:57] {Threei} dive under .50, watch for recrosses

[09:57] {Threei} 10 cents ranges

[09:58] {Threei} that was too fast

[09:58] {Les} out +.11 ty

[09:59] {Threei} let it do it again but in a more stable fashion

[09:59] {Threei} good reflexes Les

[10:03] {dptl} .

[10:03] {Threei} wqhat's your point?

[10:04] {Threei} FAZ,

[10:04] {Threei} .46 - .47 is breakout

[10:04] {Threei} I'd prefer drop to .35 for entry

[10:05] {Threei} LVS broke and worked

[10:06] {Threei} Long Setup: FAZ .35 break

[10:06] {Threei} if holding .30

[10:07] {Threei} want drop under .25 and cross back now

[10:10] {Threei} Long Setup: RIMM .50 break half lot

[10:11] {Threei} stop under .40

[10:12] {ese} out klic .05 +.10 4k

[10:13] {Threei} nice

[10:13] {dptl} l .51

[10:13] {dptl} rimm

[10:13] {ese} surprised it took that without any fuss

[10:13] {Threei} BP (US) US Govt issues revised BP oil spill rate: Flow estimated at 12-25K bps

[10:14] {ese} sorry read it wrong .04 +.09 not .10

[10:14] {Threei} tsk tsk tsk

[10:15] {Threei} no go RIMM

[10:15] {dptl} stopped

[10:15] {ese} i'll try to do better next time

[10:15] {shorty} see you guys later.

[10:15] {Threei} take care shorty

[10:15] {Les} ciao

[10:20] {_josef} hey everyone

[10:20] {Threei} hi josef

[10:20] {_josef} im new here

[10:20] {_josef} what do u guys trade=

[10:20] {_josef} ?

[10:21] {magoo} hi joswef

[10:21] {Threei} ummm... stocks

[10:21] {KSystems} josef! :) welcome

[10:21] {Threei} Long Setup: FAS .35 break

[10:21] {_josef} obviously stocks

[10:21] {_josef} but pennys BB otcs?

[10:21] {Threei} no

[10:21] {_josef} or everything?

[10:22] {Threei} normal stocks - NYSE, NASDAQ, ETFs

[10:22] {_josef} oh nice i se

[10:22] {_josef} see

[10:22] {_josef} dont like pinks ?

[10:22] {Threei} low of this pullback will define stop level but under .25 will be invalidated

[10:23] {Les} sm l MON .51

[10:23] {Threei} there are over 10K normal stocks, why would we bother with that crap

[10:23] {_josef} lol. u loss money on them?

[10:24] {Threei} we do NOT trade them - how can we lose on what we do NOT trade?

[10:24] {_josef} well maybe u dont trade em because u loss something, SORRY for asking

[10:24] {ese} tivo's an interesting looking animal isn't it

[10:24] {dptl} in fas.37

[10:24] {Les} in .37

[10:25] {_josef} u guys trade options¿

[10:25] {Threei} josef, we trade stocks

[10:25] {Threei} please observe

[10:25] {Threei} one of them was called and is moving as we speak

[10:25] {strider} josef, why don't you just watch awhile.

[10:25] {Threei} 1:1

[10:25] {Les} half out fas .48

[10:25] {_josef} alright

[10:25] {Threei} see FAS?

[10:26] {_josef} yes

[10:26] {Threei} a trade executed and profited from before your very eyes

[10:26] {_josef} yes, tiny ticks everywhere

[10:28] {jfjf64} spy

[10:28] {dptl} half out

[10:29] {Threei} stop to .34 for the balance

[10:29] {Threei} should have gone for aggressive entry

[10:29] {Threei} .30 crossback with stop under .25

[10:29] {Threei} thought of it at the moment, then got distracted

[10:30] {larisa} by tiny ticks :)

[10:30] {Threei} right

[10:30] {Threei} 1:2

[10:30] {Les} sold another quarter here

[10:30] {Threei} 1/4 more out

06[10:30] * strider slaps Threei around a bit with a large bottle of deer ticks.

[10:30] {dptl} .57 more

[10:30] {Threei} stop to under .40

[10:31] {Threei} that's what I get to 4th winning call today

[10:31] {Threei} slaps with various bottled crap

[10:31] {strider} sigh

[10:32] {strider} just trying to help

[10:32] {Les} if I knew how to slap with a bottled grey goose, I would...

[10:32] {Threei} I appreciate the intention nonetheless strider

[10:32] {Les} and all out .65 ty sir

[10:32] {dptl} all out .65 ty ty

[10:32] {Threei} 1:3

[10:32] {Threei} feel free to take profit as you see fit

[10:32] {Threei} 1:4

[10:32] {Threei} welcome guys

[10:33] {strider} out GE swing +1.12

[10:33] {Threei} wtg

[10:33] {Les} keep that to yourself strider

[10:33] {Threei} lol

[10:33] {Threei} really

[10:33] {Threei} ok

[10:33] {Threei} FAZ time

[10:34] {Threei} Long Setup: FAZ .80 break

[10:34] {Threei} if stays above .75

[10:34] {Threei} invalidated

[10:34] {Threei} 5 cents recross hunt is on

[10:35] {Threei} while stops are of scalping size, do not take scalp on winning one

[10:35] {Threei} can do much better

[10:35] {Threei} over 1:1

[10:35] {Threei} 1:2, half oput

[10:36] {Threei} 1:3

[10:36] {Threei} 1/4 out

[10:37] {Threei} stop to under .80 for the last piece

[10:38] {magoo} cov .94 vad TY 2K

[10:39] {Threei} nice

[10:39] {strider} where's dino?

[10:39] {Threei} 1:4, out in full

[10:39] {jfjf64} nice nice buy momma new pair of SHOESty vad

[10:39] {Threei} welcome

[10:40] {Threei} that's 5 out of 6 today

[10:40] {Threei} can I go home?

[10:40] {Les} NO

[10:40] {jfjf64} 100 percent

[10:40] {strider} RIMM

[10:40] {jfjf64} comon les

[10:40] {dptl} no,i only got 2 out of 3

[10:40] {jfjf64} give the old guy break

[10:40] {Threei} 2 out of 3?

[10:40] {Threei} there were 6

[10:40] {Les} it's not even 9am at his place!!

[10:41] {dptl} yes missed the rest

[10:41] {Les} the man can work!

[10:41] {Threei} what, you slept through 3 more?

[10:41] {dptl} looks like

[10:41] {Threei} lol

[10:42] {Threei} anyway, action slowed down greatly

[10:42] {Threei} easy money has been made, let's be more picky from now on

[10:42] {Threei} now, what problem do you think bothers Europe the most?

[10:42] {Threei} (EU) European Commission calls for CO2 auctions to start in 2012

[10:43] {Threei} sigh

[10:43] {magoo} dino phoned in..coming 11:30

[10:43] {magoo} slakr lol

[10:43] {Threei} really

[10:44] {Threei} what's with discipline... could have hired someone to punch the clock at least

[10:44] {magoo} really what? that hes a slacker?

[10:44] {Threei} yeah

[10:44] {strider} RIMM pb

[10:44] {strider} read, vad?

[10:44] {Threei} none, leave it be

[10:45] {Threei} the way I see it:

[10:45] {Threei} 6 trades, 5 wins, 1 stop - and that stop is on RIMM

[10:45] {Threei} so, this is the least readable one of all our picks today,

[10:45] {Threei} why bother?

[10:45] {Threei} plenty of fish in the sea

[10:45] {Threei} what, I need to take revenge?

[10:45] {strider} trout?

[10:45] {Threei} trout too

[10:46] {strider} mmmmm..

[10:46] {magoo} because revenge is a dish best served cold

[10:46] {Les} MON stopped -.25

[10:47] {strider} FAZ c&h

[10:47] {Threei} that's far from noble china strider

[10:48] {Threei} ugly like my afterlife promises to be

[10:48] {strider} paper plates are fine.

[10:50] {magoo} thats why i constantly harrase u vad, to etter prepare u for next life

[10:51] {Threei} you are way too late... should have arrived into my life about 30 years ago, to keep most sins from being committed {G}

[10:52] {Threei} but I understand yoy were too busy committing your own back then

[10:52] {Les} MON rinse great

[10:52] {ese} L tlab .06

[10:52] {strider} "Lord, make me chaste, but not just yet." -St. Augustine

[10:53] {ese} daaaaaaaaaa call it .07 sheesh .06996327

[10:55] {Threei} told ya ese - that's how you pay for those "low commissions"

[10:55] {Threei} they sell your order flow

[10:56] {strider} BP

[10:56] {ese} indeed

[10:56] {magoo} joke here

[10:57] {magoo} u know what women in russia nicknamed vad??

[10:57] {Threei} gosh... I am scared to even guess

[10:57] {magoo} anyone??

[10:57] {magoo} mr. softie

[10:57] {Les} ouch

[10:57] {Les} now your playing games with the boss mags

[10:57] {Les} you're

[10:58] {Les} http://www.thefreedictionary.com/semantics

[10:58] {magoo} did u guys ever consider possibility that magoo and vad are one author?

[10:58] {strider} no

[10:58] {Les} nope

[10:59] {magoo} smarter than u look lol

[10:59] {ese} ahhhhhhhhhh the thick plottens

[11:00] {ese} or is that plot thickens/

[11:02] {_josef} NTAP

[11:03] {larisa} care to explain the joke magoo?

[11:03] {Threei} mags... be smart now and say no

[11:03] {larisa} i am russian and I am a woman, I want to know :)

[11:03] {Threei} mags... be very very smart

[11:04] {magoo} nope

[11:04] {magoo} i think russian women are prettiest in world

[11:04] {strider} GS c&h, wide as usual

[11:04] {ese} out tlab ..15 +.08

[11:05] {Threei} that's smart mags

[11:06] {strider} Well, I KNOW they are...

[11:06] {strider} {-----trumps mags

[11:06] {nemo} faz looking long here vad?

[11:06] {larisa} I know mister Softee is a slang for MSFT

[11:07] {Threei} not sure nemo

[11:07] {Les} larisa?

[11:08] {Les} see NTAP josef? it is not sure if its up or down...

[11:09] {Les} been screwed many a time playing with that

[11:09] {dptl} bbd?

[11:11] {magoo} vad, its killing me...?

[11:11] {Threei} what is?

[11:11] {_josef} ABWTQ

[11:11] {magoo} larisa

[11:11] {magoo} [11:07] {larisa} I know mister Softee is a slang for MSFT

[11:11] {ese} L sigmund freud .00

[11:12] {ese} sorry thats sigm

[11:12] {Threei} well... you are grown-up... if you want to walk into troubles, who am I to keep you...

[11:12] {magoo} i do not

[11:12] {Threei} the only thing I can propmise you:

[11:13] {magoo} OY

[11:13] {Threei} I will ask larisa to use quickly working poison in your soup... I can't promise she will listen though

[11:13] {Threei} Reportedly Democrats in Senate considering language that would soften fund manager tax proposal - unconfirmed report

[11:13] {Threei} - note: current bill would reqiure fund managers to treat 75% of carried interest as ordinary income

[11:15] {Threei} Short Setup: NTAP 38 break half lot

[11:15] {Threei} reluctant call

[11:15] {Les} I'm already short

[11:15] {Threei} as I said, easy money has been made

[11:16] {dptl} stop?

[11:16] {Threei} sorry les... you may want to try some height-gain exercises...

[11:16] {Les} hey that's pretty funny

[11:16] {Threei} so far above .15 dp

[11:16] {dptl} ty

[11:16] {Threei} it tries to establish .10 as resistance but that's a bit dicey

[11:18] {strider} +.07 BP short scalp

[11:21] {Threei} IMF's Strauss-Kahn: expects Europe to get back on track "rapidly"

[11:21] {Threei} Europe: don't wait up...

[11:22] {nemo} I hate it when I spit my coffee all over the screen

[11:22] {Les} if .02 GDP growth is rapid for him that's ok for me...

[11:22] {Les} .02%

[11:22] {Threei} nemo... you mean my joke was funny??

[11:22] {nemo} His comment made me puke

[11:22] {Threei} that would be second person today lauighing at my jokes

[11:22] {Threei} that's a record

[11:22] {nemo} don't quit your day job

[11:23] {Threei} NTAP invalidated

[11:24] {strider} you're on a roll, vad.

[11:24] {Threei} well, comparing to magoo...

[11:24] {Threei} who is scared to death to finish one joke he ventured today... {G}

[11:25] {strider} "lower expectations"

[11:25] {Threei} and rightly so, I must say

[11:25] {Threei} yup... underpromise and overdeliver

[11:26] {Les} sm l MON .92

[11:26] {strider} bp

[11:26] {strider} spike

[11:26] {Threei} Senator Lincoln: will push to keep her amendment requiring spin off of swap desks in finreg bill, but open to alternatives

[11:27] {Threei} as we approach afternoon, keep BP on your screen

[11:27] {Threei} announcement of top kill results, if comes during market hoirs, will impact price

[11:30] {strider} SPWRA

[11:30] {Threei} SPWRA Macquarie Raised SPWRA to Outperform from Neutral, price target: $15 (timing uncertain)

[11:31] {Threei} that's all it spiked on... lol

[11:31] {strider} bags! get your bags here!

[11:32] {ese} sigmund baby!!!!! do it!!!! aaahem.....you know how you can get to close to a stock sorry that was sigm

[11:33] {ese} daaaaaaaaaaaa

[11:35] {Threei} PLUG Halted: news pending (0.43, +0.07, 18.25%)

[11:35] {Threei} Announces restructuring to focus on commercial activity in material handling division

[11:36] {strider} what kind of activity have they been engaging in?

[11:37] {Threei} alt energy

[11:37] {Les} SLM vad. u got a read?

[11:38] {Threei} it was upgraded yesterday, with about double target

[11:38] {Threei} which helped rally

[11:38] {Les} ah I remember that

[11:39] {Threei} dunno... kind of 50.50

[11:39] {Threei} may continue, may fizzle out

[11:41] {nemo} fas bounce here possibly. close to 200 vwap at .35

[11:44] {Threei} dino :)

[11:44] {nemo} binky!

[11:45] {Les} EK vad

[11:45] {Les} .70 b/d?

[11:45] {Threei} nah

[11:45] {nemo} good you took the morning off dino...gap up day

[11:45] {Les} evening dino. it's already beer o'clock...

[11:47] {nemo} well, that fas bounce would have brought ya' to .01 under 1:1, then rinsed

[11:48] {Les} s txt .92 half

[11:51] {Threei} firmly set to eliminate your today's profits, aren't you

[11:52] {Les} what profits?

[11:53] {Threei} never mind...

[11:53] {Threei} why do I bother talking to people

[11:53] {Les} :P

[11:53] {Les} let me learn at my own pace vad

[11:56] {Threei} by all means

[11:56] {Threei} {--- back under my rock

[11:58] {dino} you guys/gals making any $ today?

[11:58] {magoo} vads been off

[11:58] {Threei} give me a gun

[11:59] {strider} for magoo or yourself?

[11:59] {Threei} I'll start with magoo

[11:59] {strider} after all, you missed one.

[11:59] {Threei} then think who's next

[11:59] {Les} lol got a rinse on MON. long 2nd try .92

[11:59] {Threei} actually, no

[11:59] {Threei} that'll be too quick

[12:00] {Threei} I will leave him to larisa, and will ask her for slowly and painfully acting poison

[12:00] {larisa} not my style

[12:00] {Les} ntap 38 b/d

[12:02] {Les} sm s ntap .94

[12:03] {larisa} fine, shorted NTAP at 38.50, covered by mistake at .50, did not reenter, watching it working now :)

[12:03] {Les} ooooh and you didn't share that with us....

[12:04] {larisa} no, you guys do not like russian girls.. i do no t like guys who do not like me :)

[12:04] {nemo} I love Russian women

[12:04] {Les} well I could like you a lot more if you start sharing sweet entries like that ;)

[12:05] {magoo} [11:04] {magoo} i think russian women are prettiest in world

[12:05] {Threei} and just think what is going to happen to magoo when Ilana hears this... can you spell double trouble?

[12:06] {magoo} im sh ntap btw 38.04

[12:07] {dino} ahh yes, russian women, luv 'em

[12:07] {strider} now everybody's piling on.

[12:08] {Les} dino, what's your read of MON?

[12:08] {dino} ouch

[12:08] {dino} big downgrade

[12:09] {dptl} kss?

[12:09] {Les} really? what price target?

[12:09] {dino} 55

[12:09] {dino} from 90

[12:09] {dino} lowered guidance

[12:10] {Threei} worth a try dp

[12:10] {dino} no support on charts, 3 years\

[12:10] {Les} txt stopped

[12:11] {dino} edmc?

[12:11] {dino} all ed's it seems

[12:12] {Threei} yeah, continuation of yesterday's weakness

[12:12] {strider} XLF?

[12:13] {Threei} I'd prefer FAS

[12:13] {Threei} much better mover

[12:13] {dino} negative close?

[12:13] {nemo} wow

[12:13] {larisa} no way

[12:15] {dino} happened yesterday

[12:16] {magoo} no way red close

[12:18] {ese} sigmund baby....i'm done with ya out sigm .07 +.07

[12:18] {strider} sometimes a cigar is just a cigar.

[12:19] {Les} not bad not bad. pretty funny

[12:19] {strider} old saw.

[12:19] {nemo} mmmmhhh watch for rimm break Vad?

[12:20] {Threei} nah

[12:20] {strider} vad hates rimm

[12:20] {Threei} lol

[12:20] {Threei} no

[12:20] {Threei} just don'tr view this situation as breakout play

[12:23] {magoo} cov ntap sh here .64

[12:23] {magoo} ty vad

[12:23] {magoo} +. 38ish

[12:30] {strider} KLAC dbl top

[12:30] {strider} interesting, vad?

[12:32] {Threei} not really

[12:32] {Threei} market stalled

[12:32] {Threei} nothing that happens i such a narrow range is of any significance

[12:32] {Threei} it's just a noise

[12:34] {Threei} 46% Oppose More Government Regulation of Financial System, 37% Favor

[12:36] {Threei} oh yes

[12:36] {Threei} daily dose of idocy from the Idiots Union:

[12:36] {Threei} (EU) Italian PM Berlusconi: United European action has defeated attacks on the euro by speculators

[12:37] {Les} he's a smart player vad

[12:37] {Les} Berlusconi has kept himself out of prison for years even as police keep chasing him. He plays the game well

[12:38] {Threei} am I supposed to bow in awe?

[12:38] {Les} no

[12:38] {Les} but I don't think of him as an idiot

[12:38] {Les} smart arse geriatric maybe

[12:38] {Threei} I am not evaluating his entire life, you see

[12:39] {Les} fantastic choice of women absolutely

[12:39] {Threei} I am talking about this line of comments

[12:39] {Les} yeh

[12:39] {Les} but if anyone is blowing smoke for cover it's him

[12:39] {Threei} and if you see anything but idiocy in this, I beg to differ

[12:41] {magoo} RIG pounded here

[12:41] {Threei} if he believes this, he is an idiot

[12:41] {Threei} if he knows this to be bs,

[12:41] {Threei} and tries to route anger in that venue

[12:42] {Threei} it's very nearsighted policy

[12:42] {Threei} and will backfire badlky

[12:42] {Les} I remember this guy answering questions from audience for last election

[12:43] {Les} woman asks him "what am I supposed to do about work in aweful state of italian economy"?

[12:43] {Les} Berlusconi smiles and says " you need to marry rich italian man"...

[12:43] {Threei} clap clap

[12:43] {Les} and the bozos still voted him in

[12:44] {Les} so maybe he's not smart

[12:44] {Les} just italian people been dumbed down a little...

[12:44] {Threei} you are widening the scope

[12:44] {Les} oops any italians here?

[12:44] {Threei} there are a lot of things playing in election

[12:45] {Threei} again: I am talking about this line of comments

[12:45] {Threei} it IS idiotic

[12:45] {Threei} in so many ways, it's hard to list them all

[12:45] {Threei} and they corner themselves by doing this kind of public conditioning

[12:46] {Threei} dopwn the road, either they act as economy requires

[12:46] {Threei} and get nailed for acting against their own words

[12:46] {Threei} or they follow the words

[12:46] {Threei} and worsen the state of economy

[12:46] {Threei} where is the upside?

[12:47] {Threei} they create lose-lose for themselves

[12:48] {dino} les, you hit the point, govt's everywhere are dumbing down their citizens. if they are clueless they do not question what is going on

[12:49] {Threei} some govts don't even have to do anything to dumb the citizenry down {G}

[12:49] {nemo} rimm breaking out

[12:49] {Les} importantly though

[12:49] {Les} Berlusconi owns all the media in Italy as well

[12:49] {Les} so he can tell them whatever story he wants to

[12:50] {Threei} who cares... economy goes down, it all won't matter

[12:50] {Les} well

[12:50] {Threei} look at two more examples

[12:50] {Threei} 1 US

[12:50] {Les} I'd be happy to have cheaper rentals for summer

[12:50] {Les} so yes, would be good

[12:50] {Threei} Obama cornered himself with the same line of comments,

[12:50] {Threei} now he has BOTH sides unhappy

[12:50] {Threei} right - because he tries to supress business,

[12:51] {Les} cover NTAP .61. looking for reentry

[12:51] {Threei} left p- because he doesn't go far enough in doing so

[12:51] {Threei} 2. Canada

[12:51] {Threei} prime-minister refused to punish banks and assign any blame to them,

[12:51] {Les} bp

[12:51] {Threei} insisting that givt largesse is the root of the problem

[12:52] {Les} what is he stupid?

[12:52] {Threei} and that Canada was more or less immune because govt never went as far

[12:52] {nemo} SPY approaching 200 ma

[12:52] {nemo} right about here

[12:52] {Threei} his popularity is at the high

[12:52] {Threei} Cnada is stable

[12:52] {Threei} and most importantly,

[12:52] {Threei} his future actions are win win

[12:52] {Threei} because he will a) follow his words

[12:53] {Threei} and b) do what economy requires

[12:53] {Threei} now, who is stupid?

[12:53] {Threei} and btw,

[12:53] {Threei} while canadians tend to dislike him personally

[12:54] {Threei} he is widely credited for the right handling of the economy during crisis

[12:54] {Threei} cimpare it with:

[12:54] {Threei} 12:34] {Threei} 46% Oppose More Government Regulation of Financial System, 37% Favor

[12:54] {Threei} and this is after all the banks demonizing

[12:55] {Threei} how does it shape up for Nov election?

[12:55] {dino} chaos

[12:55] {dino} guess who's on tv?

[12:55] {Les} yeh but you know America is special case, don't you think?

[12:55] {Threei} lol dino

[12:56] {Les} I've never seen such ideology in a nation except US

[12:56] {Threei} what can I say

[12:56] {_josef} SLNN

[12:56] {Threei} europian ideology manifested through economikc policies comes to a head

[12:57] {dino} america is mad, thats what i se and hear. mostly because the idiots who broke the banks, etc are still in charge

[12:57] {nemo} frickin RIMM

[12:57] {dino} no accountability

[12:58] {Les} You are right. Europe trying to appease people through generous social spending is also ideological program

[12:58] {Les} destined to fail

[12:58] {Threei} exactly

[12:58] {Les} but without 7 aircraft carriers

[12:58] {Les} and 10000 nuclear weapons :)

[12:59] {Threei} do you know why?

[12:59] {magoo} obama killing rig here

[12:59] {Threei} or you seriously believe fairy tales about peaceful europians and war-loving americans?

[13:00] {nemo} 100 years war

[13:00] {nemo} 30 years war

[13:00] {nemo} War of The Roses

[13:00] {nemo} on and on and on

[13:00] {Les} suuuuuuure

[13:00] {magoo} sh rig 61 cov .57

[13:00] {Threei} British Petroleum plc US President Obama reiterates is holding BP Plc responsible for the oil spill

[13:00] {Threei} - formally announces actions to improve regulation and safety of offshore drilling; confirms extending moratorium on new deepwater drilling permits for six months. About 37 ongoing deepwater operations will have to shut down for thourough inspections.

[13:01] {Threei} oh, and case you didn't know - he is angry and frustrated

[13:01] {dino} he's an idiot

[13:04] {Les} bp 45 b/d?

[13:05] {Threei} it's not a technical setup

[13:05] {Threei} it's being driven by this development

[13:05] {Threei} was looking breakupsih until president started talking

[13:06] {strider} bounce coming?

[13:06] {Threei} ummm

[13:06] {strider} after speech

[13:06] {Threei} you suggest to evaluate non-technical move my technical criteria?

[13:06] {strider} ???

[13:07] {larisa} my=by :)

[13:07] {Threei} right

[13:08] {magoo} \sh bp 45

[13:08] {magoo} wait .57 area

[13:09] {magoo} covered

[13:12] {strider} I don't understand what a 'technical move' is. I understand technicals as reading moves, whatever the reason. And that the reason is irrelevant from a technical point of view.

[13:13] {Threei} think of news development as interruption

[13:14] {Threei} that violatesd "normal" movement

[13:14] {Threei} normal being technical

[13:14] {Threei} if suddent news causes price shock,

[13:14] {Threei} is there any way to read that move in advance by technical methods of chart reading?

[13:15] {Les} ntap coming back down mags

[13:15] {Threei} see my point?

[13:15] {strider} not sure.

[13:16] {Threei} OK, look NTAP daily

[13:16] {strider} most big moves are news driven.

[13:16] {Threei} today's price shock is obviously news caused

[13:16] {strider} even smaller spikes can be.

[13:16] {Threei} could you read it yesterday by technical method?

[13:17] {strider} But I'm not suggesting that you read the initial move in advance. But it's just a case of capitulation is it not/

[13:17] {strider} ?

[13:17] {Threei} point is,

[13:17] {strider} It still forms a chart pattern.

[13:17] {Threei} when news is in developemnt

[13:18] {Threei} or stock is too hot right after the news

[13:18] {Threei} there are no technicals helping to read it

[13:18] {nemo} AWIAV?

[13:18] {nemo} :)

[13:18] {strider} gotcha.

[13:18] {Threei} BP is news is development

[13:18] {Threei} speech right now,

[13:18] {Threei} waiting for top kill results

[13:19] {Threei} NTAP will take a little while for the price shock to subside and normal trading to return

[13:19] {Threei} etc

[13:19] {Threei} sudden development interrupts normal process

[13:19] {Threei} in this particular case:

[13:19] {strider} I understand.

[13:20] {Threei} president starts speaking, BP drops

[13:20] {Threei} can you try and read the move by chart

[13:20] {Threei} or do you have to be careful of the next sentence leaving his lips

[13:20] {Threei} or announcement of top kill reults?

[13:21] {strider} so, to make an oversimplification, perhaps: Technicals trump news (most of the time); Big news trumps technicals.

[13:22] {Threei} I don't know if you can put it like this

[13:22] {Threei} they are interconnected

[13:22] {Threei} often it's not news itself

[13:22] {Threei} but perception

[13:23] {Threei} and how widely news was expected

[13:23] {Threei} and priced in

[13:23] {magoo} big rip RIG, was Long .20 out .73

[13:24] {strider} It seems market is tired of speech. ready to boogie.

[13:30] {magoo} ATPG

[13:30] {magoo} ATPG

[13:33] {Threei} PGNX Antitoxin antibodies demonstrated positive activity in laboratory and animal models of C. difficile-associated disease

[13:33] {Threei} e (4.99, +0.09, 1.84%)

[13:33] {Threei} - Presents Novel Monoclonal Antibodies against Clostridium difficile at the American Society for Microbiology Conference

[13:33] {Les} wow first experience with market buy screwing me

[13:33] {Les} ATPG covering +.15 or so I thought

[13:34] {Les} -.05

[13:34] {nemo} Hope you're a lit. major

[13:36] {dino} edmc sm l .00

[13:36] {magoo} fast hit it long .50 to .72

[13:36] {magoo} DANGER

[13:37] {nemo} WILL ROBINSON

[13:37] {Les} funny guy

[13:37] {nemo} have my moments

[13:38] {Threei} ATPG during such move - last stock to use market order on

[13:38] {Threei} well... second last, GOOG is still the champion

[13:38] {Les} so even if I see the price is right to cover on Level 2

[13:38] {nemo} and BIDU when it was at 700

[13:38] {Les} must use limit order

[13:38] {magoo} who the heck use a mkt order??

[13:39] {Les} me

[13:39] {magoo} recipe for sudden death imo

[13:39] {magoo} u gonna learn the HARD way

[13:39] {Les} well that is clear after covering atpg

[13:40] {dino} dino slaps les w/limit orders

[13:40] {magoo} gonna lose 11 imo

[13:40] {magoo} not in now

[13:42] {magoo} LVS knocking at door

[13:42] {magoo} lil pig slams door shut

[13:47] {strider} last question. thank you.

[13:50] {Les} http://www.telegraph.co.uk/news/worldnews/europe/france/7771505/Video-game-fanatic-hunts-down-and-stabs-rival-player-who-killed-character-online.html

[13:50] {Les} just go easy with those limit order slappings dino

[13:50] {Les} I can snap you know

[13:51] {strider} can?

[13:51] {Threei} lol

[13:51] {Threei} this is how people get on no-fly lists, les {GGG}

[13:56] {Les} RIG returning to lod. d/b play?

[13:56] {nemo} RIG DB?

[13:57] {Threei} something isn't right

[13:57] {nemo} with me, or the stock?

[13:57] {Threei} RIG can turn inverted C&H just as well

[13:57] {Threei} you is a given

[13:58] {larisa} lol

[13:58] {Threei} it's been about 23 hours since top kill started

[13:58] {Threei} 24 hours was promised as "we will know something" timeline

[13:58] {nemo} I served that one up to you on a platter, and gave you the knife and fork

[13:58] {larisa} russian websites say it worked, do they know something we do not ? :)

[13:58] {Threei} thank you for making my life easier

[13:58] {Les} so does Australia

[13:58] {Threei} none here... I don't know where they get that

[13:58] {Les} but I think that is coast guard report from early on

[13:59] {Threei} live feed shows no changes

[13:59] {nemo} rig bounced

[13:59] {Threei} but that's not really helpful

[14:00] {Les} BP weakening as well

[14:03] {dptl} pep?

[14:03] {Threei} nah

[14:03] {dptl} ok

[14:04] {Threei} Short Setup: RIG .70 break half lot

[14:04] {Threei} if stays under .85

[14:05] {Threei} invalidated

[14:07] {Les} out edmc .48 ty dino

[14:09] {Les} +.44

[14:10] {dino} gj

[14:11] {dino} out .50, +.50

[14:11] {magoo} l lvs .47

[14:14] {Les} cover rig +.40

[14:14] {Les} nooo

[14:14] {magoo} wanted a movre thru .50

[14:14] {Threei} RIG horrific death

[14:15] {magoo} like 4 points off

[14:16] {Les} slowly working out that I should be playing the news, and not any old crap I find that looks like a setup

[14:17] {Threei} define "playing the news"

[14:18] {magoo} BP turn now

[14:23] {strider} outu GS swing +3.91

[14:23] {larisa} gj

[14:23] {strider} wanted $4, but it wasn't to be.

[14:24] {magoo} LVS worked well

[14:25] {Les} wow strider, we gonna see new harley soon?

06[14:26] * strider slaps Les around a bit with a large hunk of antiquated metal.

[14:26] {dino} wtg

[14:26] {nemo} you mean the slap or the trade Dino?

[14:26] {strider} the trade or the slap?

[14:26] {strider} ha

[14:27] {nemo} too funny...need to go shoot myself

[14:30] {nemo} Dino?

[14:30] {Threei} F Reportedly planning to discontinue Mercury brand (11.92, +0.53, 4.65%)

[14:31] {Threei} anyone is going to miss it?

[14:32] {magoo} yeah..i drive a vette...a chevette :)

[14:32] {strider} All those good old names falling by the wayside.

[14:33] {strider} Pretty soon there'll just be two brands: the Republican and the Democrat.

[14:33] {nemo} that sucked

[14:33] {Threei} hmmm... Dmes is Prius... but now that Hammer is out, what is going to be reps??

[14:34] {strider} The truth is not always funny, nemo.

[14:34] {nemo} hurts

[14:34] {strider} You, for instance.

[14:34] {strider} :)

[14:34] {nemo} what about me?

[14:34] {Les} fas

[14:35] {Les} topping out or break of 25? 2 way play?

[14:35] {strider} The truth is you're not funny.

[14:35] {nemo} :(

[14:35] {strider} but still likeable, sort of.

[14:35] {Les} now lets kick him while he's down strider

[14:35] {strider} And your momma wears combat boots.

[14:36] {nemo} Where's that frickin' list?

[14:36] {strider} That she kicks you with.

[14:36] {nemo} My mother is dead

[14:36] {strider} insert past tense.

[14:37] {Les} c'mon vad, SHOW ME THE MONEY!

[14:37] {Les} ....before Nemo commits murder

[14:37] {nemo} frickin' mercy killing

[14:37] {strider} bidu

[14:37] {Threei} oh, NOW you decided to speak to me?

[14:37] {strider} late

[14:37] {Les} huh?

[14:38] {Les} I just finished dinner break dude

[14:38] {Les} its in the contract

[14:38] {Les} even read the kids a quick fairy tale

[14:39] {strider} not touching that one. you go, nemo.

[14:39] {nemo} Had the same thought...but I don't have a sense of humor, remember?

[14:39] {strider} That's what's so funny.

[14:39] {strider} So see, it works out.

[14:40] {nemo} You mean I think like you

[14:40] {Les} l bidu .03 sm shares

[14:40] {strider} hmmm.......

[14:41] {nemo} [14:26] {nemo} you mean the slap or the trade Dino?

[14:41] {nemo} [14:26] {strider} the trade or the slap?

[14:41] {nemo} [14:26] {strider} ha

[14:41] {nemo} [14:39] {strider} not touching that one. you go, nemo.

[14:41] {nemo} [14:39] {nemo} Had the same thought.

[14:42] {Threei} this is so disturbing

[14:42] {strider} No, we think exactly opposite. You put "the trade" first. See, that's not funny.

[14:42] {Threei} we are more or less equipped to handle one nemo

[14:42] {strider} I mean "the slap".

[14:42] {Threei} two nemos is way beyond our capabilities

[14:42] {strider} :)

[14:42] {nemo} skip shooting myself....I'll jump

[14:45] {Les} damn got greedy and missed bidu. out flat

[14:46] {Threei} HEV Hearing rumor company has entered pact with a Chinese supplier (timing uncertain) (3.20, +0.22, 7.38%)

[14:51] {strider} SCHN short?

[14:52] {strider} lyonthewall.com: Schnitzer Steel takeover rumors unlikely, says UBS :theflyonthewall.com

[14:52] {Threei} that was at 12;18

[14:53] {Threei} 12:18 SCHN Hearing UBS analyst skeptical of takeover rumors in SCHN

[14:53] {strider} mine says may 27, 12:24pm

[14:53] {Threei} why would you short it on that now

[14:53] {strider} my news is today. spike is today.

[14:53] {Threei} it's 2:53

[14:54] {Threei} news came out 2 and half hours ago

[14:54] {strider} chart formation is now.

[14:54] {Threei} assuming this is news on which stock should drop, why would you act on it 2 and half hours later?

[14:54] {Les} wow missed my bidu short entry. nuuuuuuuuts

[14:54] {strider} because of the dbi.

[14:54] {Threei} note that it did drop half point at the moment

[14:55] {Threei} OK, then I misunderstand you completely

[14:55] {Threei} you asked about short and cited news headline, making it sound as if you suggested shorting on that

[14:55] {strider} nope,

[14:55] {strider} just led me to it.

[14:56] {strider} and saw a possible short.

[15:01] {Les} mon gaining some tractions

[15:01] {Les} - s

[15:01] {Threei} BP Updates "Top Kill" operation; estimates 24-48 hours before certainty on success of operation

[15:03] {Les} l mon .35 sm

[15:05] {Les} out .58

[15:07] {dino} gj

[15:07] {patience} .

[15:07] {nemo} ?

[15:07] {dino} !

[15:08] {strider} she's reserving a spot in the room.

[15:08] {nemo} gag

[15:08] {nemo} and you're funny...

[15:08] {Les} thanks. some wide stops would have been useful on this stock today

[15:12] {dino} auxl sm l .05

[15:18] {Threei} FAS... watching for pullback for long entry

[15:19] {Threei} recross from under 25

[15:23] {Threei} .90 break

[15:24] {Threei} in

[15:24] {strider} in

[15:26] {Threei} nope

[15:26] {nemo} spy hitting the 200, fas might bounce here

[15:26] {nemo} fas 200 at .72

[15:27] {nemo} bounced with spy

[15:27] {Threei} ugh... rinse

[15:32] {Threei} crap

[15:34] {Threei} hoped fdor another pullback so we would get double bopttom at .80

[15:36] {magoo} vad, mkts gonna close strong?

[15:37] {nemo} yeah

[15:37] {Threei} well, red close is not in cards for sure, lol

[15:38] {Threei} unless during next 20 minutes Europe disappears altogeher

[15:38] {Les} i'll let you's know first

[15:38] {nemo} Yeah, North Korea will bomb them

[15:43] {dptl} have a good evening all.....see ya tomorrow

[15:43] {Threei} take care dp

[15:43] {Les} ciao dp

[15:48] {dino} out auxl flat.

[15:48] {dino} gotta hop, later all

[15:48] {Threei} take care dino

[15:49] {dino} will do. leaving big gaps below

[15:52] {strider} I'll be gone for about 3 weeks, starting tomorrow, guys. You'all do good. See you when I get back.

[15:52] {nemo} thanks for the warning

[15:52] {Threei} have fun strider

[15:53] {larisa} bye strider :)

[15:53] {lasertrev} later strider

[15:54] {nemo} looks like a run into the close

[15:54] {strider} :)

[15:56] {Les} ciao st have fun

[15:57] {Les} missed a ripper of a move in MON.

[15:57] {Threei} fudged final FAS play

[15:57] {Threei} this is where I planned to close it

[15:57] {Les} and what a beauty it would have been

[15:57] {Threei} yeah

[15:57] {Threei} botched entry

[15:57] {nemo} by .05

[15:57] {Threei} yup

[15:58] {nemo} it bounced at support, and when spy bounced at the 200

[15:58] {Threei} fine, tomorrow you call'em

[15:58] {Threei} {--- grinning widely'

[15:58] {nemo} no...I just looked at it, it's just info

[15:58] {Threei} too late

[15:58] {Threei} you are designated caller

[15:58] {nemo} I won't be here then

[15:59] {nemo} wow what a run

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {Threei} see you tomorrow

[16:00] {nemo} c u

[16:00] {Les} ciao

[16:00] {magoo} ty all

13 2010

The day started very well with 30 something cents win on LVS, strong long on WFC, scalp on BIDU... and then turned into total boredom with no clear setups, aside of couple news plays.

Session Time: Thu May 13 00:00:00 2010

[08:00] {Threei} :02 DVAX Wedbush Morgan Raised DVAX to Outperform from Neutral, price target: $ 6

[08:00] {nemo} anybody take bidu overnight?

[08:02] {Threei} why would we

[08:02] {nemo} well, it did finish near the highs strongly

[08:03] {Threei} yes but it's so market-dependent

[08:03] {Threei} and anyone forecasting how market is going to open next day these days...

[08:03] {Threei} we live in era of 400 pont gaps :)

[08:04] {Threei} I am shuddering of mere thought of getting caught into such gap on the wrong side

[08:13] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)

[08:13] {Threei} - Expectations for initial claims are 440Ke v prior week at 444K

[08:17] {Threei} DVAX is interesting

[08:30] {Threei} US) APRIL IMPORT PRICE INDEX M/M: 0.9% V 0.8%E; Y/Y: 11.1% V 11.3%E

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 444K V 440KE; CONTINUING CLAIMS: 4.627M V 4.59ME

[08:38] {Threei} serious sizes change hands on DVAX

[08:47] {Threei} EUR/USD Sets fresh session lows, approx 30 pips from last week's low at 1.2518

[08:47] {Threei} that damn wolfpack just won't let go

[08:48] {Threei} I think it's tiome for another trilion - that'll show them

[08:50] {Threei} June crude futures move to new multi-month lows ahead of open for floor trade in NY

[08:50] {Threei} - trades toward $74 through last week's European debt crisis low of $74.50

[08:50] {Threei} certainly time for another trillion

[08:51] {Les} morning

[08:51] {Threei} hey Les

[08:51] {nemo} afternoon

[08:52] {Les} and another crummy afternoon it is. bit warmer in the states is it?

[08:53] {nemo} clear and cool in the Northeast

[08:53] {Threei} it's a big continent...

[08:53] {Threei} sunny and warm here

[08:54] {Les} that would be nice

[08:54] {Threei} air is thick with flower/ocean scent

[09:01] {Threei} ECB's Bini Smaghi: Recent sovereign debt ratings downgrades raise certain doubts, would be a mistake for ECB to depend on ratings

[09:01] {Threei} yes.. let's depend on them when they upgrade and ignore when downgrade

[09:01] {Threei} - Would be "ridiculous" to compare Greece with Argentina

[09:01] {Threei} Argentina agrees

[09:07] {dptl} good morning

[09:07] {nemo} dp :)

[09:07] {Threei} dp :)

[09:08] {Threei} I hope it's not Wedbush Morgan selling all that DVAX

[09:08] {Threei} that would be unethical and immoral, right?

[09:09] {Threei} uh

[09:09] {Threei} oh

[09:09] {Threei} (EU) IMF"s Lipsky: cannot estimate quantity of aid will be dispersed this year , but at times a restructuring of debt is appropriate

[09:09] {Threei} that's a first official "ummm, maybe..."

[09:10] {Les} restructuring? that sorta a soft default is it?

[09:11] {Les} sorta a a a a... sort of a

[09:11] {Threei} exactly

[09:12] {Threei} "can't pay you back now, man, let's negotiate some changes so I get some relief, you know..."

[09:12] {Les} that'll do wonders for the Euor

[09:12] {Les} euro

[09:12] {Threei} "a little bit later, a little bit less interest, maybe forgive some of debt... better for you than if I collapse, right?"

[09:13] {Threei} no no no Les... that's all wolfpack's fault

[09:13] {Threei} speculators

[09:13] {Threei} CSCO CEO: people may have "over interpreted" his cautionary remarks on the conf call presentation yesterday - CNBC interview

[09:13] {Threei} lol

[09:19] {Threei} do we have some routes disconnected again?

[09:20] {Threei} no, dino's here

[09:20] {dino} gm all

[09:21] {Threei} dino :)

[09:21] {shorty} morning

[09:21] {Threei} shorty :)

[09:21] {RonS} hey y'all :)

[09:22] {Threei} don't know what to say on DVAX guys... chart looks good, upgrade gives nice target... but there is some pretty big seller lurking out thjere

[09:22] {lasertrev} good morning

[09:22] {Threei} Ron, trev :)

[09:22] {Threei} another interesting chart is VVUS

[09:22] {dino} regarding greece, its the old saying, when you owe the bank $100k its your problem, when you owe the bank $1million its their problem

[09:23] {Threei} yeah

[09:23] {Threei} that trillion, IMO, sealed Euro and EMU's fate

[09:24] {Threei} instead of amputation with its immediate pain they prefer slow gangrene

[09:24] {Threei} GR) Greece Public power union calls for 48 hour strike on May 25

[09:24] {dino} asps, good report and drops

[09:25] {RonS} dino, J Paul Getty coined that phrase in the '60's

[09:28] {Threei} no clear opening play here

[09:28] {RonS} looking at amsc for a squeeze candiate 13.5 mi short, 35% float

[09:28] {_stewy} morning to all:)

[09:28] {Threei} stewy :)

[09:28] {dino} sy 65 takeover

[09:28] {RonS} ...guess we need to wait for Mags list :)

[09:28] {Threei} if anyone got tempted by DVAX at 2, either look to scalp int morning spike, or hold for a swing trade

[09:28] {Threei} yeah dino

[09:28] {Threei} imagine holding shrt overnight

[09:28] {Threei} short

[09:29] {Threei} especially after this:

[09:29] {Threei} Yesterday 16:05 SY Hearing Cowen making cautious comments; does not see SY/SAP merger as synergistic

[09:29] {Threei} in 10 min:

[09:29] {Threei} Yesterday 16:15 SY Continues to move higher in aftermarket following WSJ report that SAP deal announcement could come as soon as today

[09:29] {Threei} and in 45:

[09:29] {RonS} ...sounds like they want an orcl bid...

[09:29] {Threei} Yesterday 17:00 SY Follow up: SAP to pay $65/shr for SY in merger - WSJ citing sources

[09:31] {ese} GM

[09:31] {Threei} ese :)

[09:31] {nemo} ford

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:33] {Threei} LVS

[09:33] {Threei} watching for bounce setup

[09:34] {Threei} not ready yet

[09:35] {Threei} F CEO: 2011 expected to have higher profits than 2010 - annual meeting commetns (12.78, +0.10, 0.79%)

[09:37] {Les} crap almost shorted aig

[09:38] {Threei} OK, let's see if we get double bottom LVS

[09:39] {Threei} .85 break long

[09:39] {Threei} if holding above .75

[09:41] {Threei} not a scalp fior me, if works can do much better than 10 cents

[09:42] {Threei} 1:1

[09:42] {Threei} half out and stop to under .80

[09:43] {Threei} scalpers are scalpers

[09:43] {Threei} unless they are scalopers

[09:43] {Les} yeh i'll take scalp ty

[09:43] {Les} let's see how market develops

[09:43] {Threei} sure thing

[09:44] {Threei} someone should replace fern as scalpers extraordinare

[09:44] {Threei} 1/4 more out

[09:44] {Threei} 1:2

[09:44] {shorty} Took .20..ty Threei

[09:44] {jfjf64} nice

[09:44] {Threei} but when he is back he will fight you for the title

[09:44] {Threei} welcome shorty

[09:45] {Threei} and jf... don't call me nice... I am anything but

[09:45] {shorty} fernp on vacation?

[09:45] {Les} I have no problem following in his footsteps. guaranteed $ maker fern is

[09:45] {Threei} health issues shorty, will take a few month to recover

[09:45] {Threei} out in full

[09:45] {magoo} morning

[09:45] {Threei} mags :(

[09:45] {Les} someone slap him with a roll of cash

[09:46] {shorty} If you talk to him, tell him shorty says hi.

[09:46] {Threei} I will do no such thing

[09:46] {ese} L dvax..00

[09:46] {Threei} last thing I want is more people thinking I am nice

[09:46] {shorty} lol

[09:46] {Threei} one jf is enough

[09:47] {jfjf64} lol

[09:47] {Threei} aww, still exited LVS too soon

[09:47] {dino} sm l flr .50

[09:47] {Threei} frikin 40 cents

[09:48] {dino} idsa sm l .13 thin gappy

06[09:48] * Threei slaps magoo around a bit with a large roll of missed cash

[09:49] {Threei} let's keep an eye on WFC

[09:49] {Threei} it traded somewhat meekly so far,

[09:49] {Threei} but if consolidates here and breaks .50, looks promising

[09:50] {Threei} LVS, don't do this to me

[09:50] {Threei} come back to eartjh

[09:50] {Threei} I have enough regrets in my life as it is

[09:50] {Les} don't I feel bad for scalping it

[09:50] {Threei} oh good, someone feels worse thatn I do

[09:50] {Threei} thank you les

[09:51] {Threei} my morning just became brighter

[09:51] {Les} your punching bag anytime :/

[09:51] {Threei} profited, slapped magool and found someone more miserable

[09:51] {nemo} aig coming into bounce?

[09:51] {Threei} shapes up as a great morning

[09:51] {Les} wfc?

[09:52] {Threei} nemo, I decided to stay away from AIG today, sorry

[09:52] {nemo} ?

[09:52] {dino} apol sm l .74

[09:52] {Threei} it's just too treacherous

[09:52] {Threei} probably ready Les

[09:52] {Threei} WFC I mean

[09:52] {Threei} watch market for guidance,

[09:53] {Threei} hopefully we get market spike/WFC pause

[09:53] {Les} vvus hod break?

[09:53] {Threei} beter yet, FAS

[09:53] {Threei} probably better guide for WFC

[09:53] {shorty} You watch the dj Threei for WFC?

[09:53] {Threei} SPY shorty

[09:53] {shorty} ty

[09:54] {Threei} VVUS... I think .50 - .55 zone,

[09:54] {Threei} but with strong market only

[09:54] {nemo} where stop on apol dino

[09:54] {Threei} VVUS looks like steady climb candidate but it won't go against market

[09:54] {Threei} here comes class warfare:

[09:54] {Threei} SP) Spain's CCOO union: austerity measures will damage growth and increase unemployment

[09:54] {Threei} - union suggests selective tax increases as an alternative

[09:55] {Threei} don't cut anything, just tax rich bastards

[09:56] {Threei} RINO Hearing Rodman and Renshaw making positive comments, reiterates $40 PT

[09:56] {dino} bingo

[09:56] {magoo} news GS vad or normal?

[09:56] {Les} s wfc .45

[09:56] {jfjf64} nflx

[09:57] {jfjf64} wow

[09:57] {Threei} nothing fvresh mags

[10:00] {shorty} See you guys in an hour

[10:00] {Threei} we will be here

[10:00] {Threei} WFC held well

[10:00] {dino} apol stopped-.26

[10:01] {Threei} decent market bounce should catapult it

[10:01] {Les} I hate it when you say things like that

[10:02] {Threei} hmm?

[10:02] {Threei} then you must hate me 99% of the time

[10:02] {dptl} in wfc

[10:02] {magoo} GOD DAMMIT this mIRC

[10:02] {Threei} I say things like this quite often, lol

[10:02] {jfjf64} x bounce 3i

[10:03] {Threei} need pullback to about .50, j for entry jf

[10:04] {Threei} desirably, brief dive under .50 and recross for buy

[10:04] {jfjf64} ty 3i

[10:04] {Threei} WFC 1:1 is coming

[10:04] {Threei} make up your mind

[10:04] {Threei} scalp of half

[10:04] {Threei} I have no indication

[10:05] {Threei} so personal decision

[10:05] {Threei} unlike LVS where I was very confident of bigger potential

[10:05] {dino} china hot today, cagc, pwrd, rino, snda

[10:06] {Threei} out with my scalp

[10:06] {dino} out flr -.31

[10:07] {Threei} strider, you here?

[10:08] {magoo} im looking for .80- area wfc

[10:08] {Threei} who partialed WFC, congratulations

[10:08] {Threei} 1:2

[10:09] {dptl} ty wfc Vad +.10

[10:09] {Threei} welcome

[10:09] {Threei} now les, fess up... why oh why do you hate me

[10:09] {Les} 15:56 Les s wfc .45

[10:09] {Threei} oh... I missed that

[10:09] {Les} 16:00 Threei WFC held well

[10:10] {Threei} so what, covered for 6 cents and reversed

[10:10] {Les} y

[10:10] {Threei} and made out like bandit on a long side

[10:10] {Les} no

[10:11] {Les} should have held out for full 10 cents

[10:11] {Threei} like half-bandit?

[10:11] {Les} one armed bandit yeh

[10:11] {Threei} lol

[10:11] {Les} sometimes you eat the money sometimes you pay it out

[10:11] {Threei} and sometimes it rains?

[10:12] {Les} indeed

[10:12] {Les} aig .75 break?

[10:12] {Les} or you not playing?

[10:13] {Threei} no, not today

[10:13] {Threei} I want to distance myself from AIG for a day or two

[10:13] {Threei} and reevaluate my view on how it moves

[10:13] {dino} nflx wow

[10:13] {magoo} nflx nuts

[10:14] {Threei} NFLX today looks like one of those that will invoke quite a few wows before the day is over

[10:14] {Threei} HGSI Hearing takeover chatter circulating

[10:14] {Threei} - Glaxosmithkline rumored as a potential acquirer (26.98, +0.74, 2.82%) (related GSK )

[10:15] {jfjf64} cenx .06 break

[10:16] {dino} amed afam

[10:16] {Threei} looks right jf, jusr very slow

[10:16] {Les} took nflx for a scalp .50

[10:17] {ese} out dvax.00 even.....this was goin nowhere fast

[10:17] {Threei} something's worng with it ese

[10:17] {RonS} dino, U.S. lawmakers investigating home healthcare cos 05/13 08:14 AM

[10:17] {Les} now that made out like a bandit for just 200 shares

[10:17] {ese} ya i think so vad

[10:17] {Les} took it on a .75 pullback

[10:18] {magoo} thinking .83 WFC

[10:18] {magoo} .87

[10:18] {magoo} .91

[10:18] {Les} you still holding wfc mags?

[10:18] {magoo} yup

[10:18] {Les} lol damn

[10:19] {Threei} BIDU, interesting selling

[10:19] {Threei} should be a bouncer 15-20 cents lower

[10:19] {jfjf64} cenx

[10:20] {Threei} watch BIDU for bounce setup

[10:20] {jfjf64} ya ya

[10:20] {magoo} out .79 WFC triple

[10:20] {Threei} wtg

[10:21] {Les} took bidu for +.10 ty sir

[10:21] {Threei} sure

[10:21] {Threei} whew

[10:21] {Threei} .85 - .15

[10:21] {ese} nice one mags....just checked thqt out

[10:22] {Threei} diapers change

[10:23] {Threei} new wave of selling should take it under .50

[10:24] {Threei} ok... no entry then

[10:24] {Les} wfc doesn't look like stopping

[10:24] {dino} i am confused today

[10:24] {Threei} today? you are lucky

[10:25] {Threei} feel more and more confused by day oer last, umm, 20 years

[10:25] {Les} alzheimers

[10:25] {dino} my regulars are all pretty much up, but markets are not, except ndx. sort of backwards

[10:26] {magoo} ese, .48 to .79 3k

[10:26] {Threei} wow BIDU

[10:26] {magoo} like that type best anymore, F aapl

[10:26] {dino} 800

[10:26] {Threei} not ready for bounce yet

[10:27] {nemo} bounced at pivot support

[10:27] {magoo} im kinda evolviong into bigger shares, less move

[10:28] {nemo} becoming one with ese

[10:28] {magoo} i guress SY one day wonder vad, limited range today

[10:28] {nemo} the price is in

[10:28] {Threei} buyout mags

[10:28] {Threei} it was true

[10:29] {magoo} oh, whats price ?64?

[10:29] {Threei} confirmed after hours

[10:29] {magoo} oh, i left early daughter sick

[10:29] {Threei} 65

[10:29] {magoo} shes here today, only 7

[10:29] {Threei} we will behave

[10:30] {Threei} UNG

[10:30] {Threei} EIA NATURAL GAS INVENTORIES: +94 BCF VS. +100 +105 BCF ESTIMATE RANGE

[10:30] {Threei} - 8th straight weekly build in natural gas inventories

[10:31] {dino} sm l .95

[10:31] {nemo} what stock dino?

[10:31] {dino} vit

[10:31] {ese} Lnvda .09 aggressive entry looking for .10 break

[10:32] {ese} gettin mrkt help ....thats good

[10:32] {Les} watching from sidelines now. bidu has made my day

[10:32] {Threei} BIDU is almost ready

[10:32] {Les} ok. maybe one more time

[10:33] {dino} all green

[10:33] {Threei} SOMX Hearing Harry Boxer makes positive comments

[10:33] {dino} he should shave

[10:33] {Threei} lol

[10:33] {ese} les what was your move with bidu.......missed your call

[10:34] {magoo} dont see much positive coming out of harry boxeers

[10:34] {Threei} ese totally ignores me today

[10:34] {nemo} ha! BIDU broke out of an Inverse H&S just like it did yesterday morning

[10:34] {Threei} LVS, WFC, BIDU

[10:34] {dino} i don't blame him

[10:35] {ese} sorry vad what did i miss

[10:35] {Les} can't call it ese. I short on the bounce. long on the pullback .5 cent stops

[10:35] {Threei} yeah dino, now tnhat I think about it...

[10:35] {ese} ahhhhhhhhhh appologies

[10:35] {ese} out nvda .15

[10:35] {ese} +.06

[10:36] {ese} ouuuuuuuu 2 seconds more and???????

[10:36] {RonS} ese, nvda reports ah

[10:36] {dino} elx l .65

[10:36] {ese} ya today after mrkt close i believe shorty

[10:37] {ese} if i read the mrkt for nvda....they like whats coming

[10:48] {nemo} .

[10:49] {magoo} 714 was the split, so 71 dollar was bidu lel , and that = 714 which is nuts

[10:50] {magoo} so, it could see 71 (not saying it will)

[10:50] {Les} another +.54 on bidu. not risking anymore. c u's tomorrow

[10:51] {Les} I've got some reading for studies to do

[10:51] {dino} goog goes back to china bidu could see 50

[10:51] {dino} cya les

[10:51] {Les} I love the idea of clearing $350 in 1 1/2 hrs

[10:51] {Les} screw work

[10:52] {magoo} right, my point dino, x 10=500, totally possible

[10:52] {Threei} take care Les, good job

[10:52] {jfjf64} this is work no vad

[10:52] {ese} yup....that'll keep yo in switzerland for sure les

[10:56] {ese} be back in 30.....taking the kids to school

[11:00] {nemo} AWIAV?

[11:00] {magoo} [11:01] {nemo} AWIAV?

[11:01] {Threei} no

[11:01] {magoo} have to consider today could be THE day to ROT

[11:01] {Threei} yes but

[11:01] {Threei} BIDU

[11:01] {Threei} 71 break seems workable

[11:01] {magoo} 71?

[11:01] {Threei} 79

[11:02] {magoo} CRAP..8 ponts in a sec

[11:02] {nemo} half lot

[11:02] {nemo} ?

[11:02] {magoo} joke

[11:02] {Threei} invalidated

[11:02] {nemo} db bounce maybe

[11:03] {magoo} im wondering if its the days greatest short and may hit 71 today, seriously

[11:03] {Threei} RIG Affiliates File Limitation Of Liability Petition

[11:04] {strider} CVGI thin

[11:08] {Threei} strider... look dcc pls

[11:09] {nemo} quote server please

[11:09] {nemo} bidu just broke yesterday

[11:09] {Threei} 17

[11:09] {nemo} close

[11:09] {dptl} 3

[11:17] {RonS} .

[11:18] {nemo} bidu breaking trend line

[11:18] {dino} flr sm l .35

[11:21] {dino} cyd sm l .70

[11:29] {Threei} BIDU

[11:29] {Threei} seems riping for bounce

[11:31] {nemo} not yet

[11:31] {Threei} one more leg down

[11:31] {jfjf64} good day all got to run

[11:32] {Threei} take care jf

[11:32] {dino} cya

[11:32] {nemo} lotta' volume on this leg down bidu

[11:32] {jfjf64} going to cavs gm tonight

[11:32] {nemo} I'm a celts fan :)

[11:32] {magoo} shorted .00, cov .45

[11:32] {magoo} bidu

[11:33] {jfjf64} nice nemo

[11:33] {nemo} 20 miles from boston

[11:33] {jfjf64} im a ticket broker

[11:33] {nemo} nice

[11:33] {jfjf64} need cavs to win tonight need game 7

[11:34] {jfjf64} $$$$$$$$$$$$$$$$$$$

[11:34] {nemo} I don't

[11:34] {magoo} where long vad? near .11

[11:34] {jfjf64} lol

[11:34] {Threei} no idea, can't tell in advance

[11:44] {nemo} maybe inverse H&S on Bidu?

[11:45] {Threei} probably... too jumoy to tell

[11:45] {Threei} jumpy

[11:46] {Threei} was a bit more manageable yesterday

[11:46] {nemo} well, right now, looks like that's what it's building

[11:46] {Threei} yes

[11:46] {Threei} ETFC Shareholders approve board proposal for 1-for-10 reverse stock split

[11:48] {Threei} US) EPA finalizes greenhouse gas emission rules, new regulations cover plants emitting +100K tons of Co2 per year

[11:49] {_stewy} 3i, thx. must go. see you in the a.m.

[11:49] {Threei} take care stewy

[11:50] {nemo} fas

[11:50] {nemo} sorry

[11:50] {nemo} wow nflx up big again today

[11:53] {strider} dino, you still in CYD?

[11:56] {dptl} jwn short?

[11:56] {dino} y

[11:56] {dino} watching vit for re-test lod, was stopped earlier

[11:56] {Threei} hard to tell dp... thin...

[11:57] {dino} amed, afam, hmmmm

[11:57] {dino} amed 51.75 maybe sm l

[11:57] {dptl} ty

[12:12] {dptl} tie short?

[12:13] {dptl} .70?

[12:13] {Threei} nah

[12:14] {dptl} tell why you don't like it..... please?

[12:17] {Threei} too narrow and slow, and the way market goes,

[12:17] {Threei} there is a good chance that market reverses before it gives you your profit

[12:18] {dptl} ok ty

[12:19] {dino} apol lod

[12:20] {dino} vit sm l .26

[12:23] {dino} apol .08 sm l

[12:32] {Threei} US) Administration Advisor Volcker: Argument can be made for a 'stiff' carbon tax; must start to discuss topic of higher taxes in the US

[12:32] {Threei} - says US recovery going better than anticipated, could continue if there are no external shocks

[12:33] {Threei} can you believe this?

[12:33] {dino} out of touch

[12:33] {Threei} argment can be made they all are morons

[12:33] {Threei} and I will win this argument

[12:33] {dino} why can govt never cut spending?

[12:34] {dino} argument can be made my way too

[12:36] {dino} amed sm l .91 risky

[12:43] {dino} bac a c also made $ every day trading last quarter

[12:44] {dino} lft spike

[12:45] {Threei} LVS

[12:51] {Threei} where is New Year at this time?

[12:51] {dino} sm s lft .25

[12:52] {Threei} 'cause I got e-mail offering me another 5 million dollars starting with:

[12:52] {Threei} Dearest in Christ.

[12:52] {Threei} May this New Year be a song of thanksgiving, an offering of praise, a celebration of God's love in his amazing grace, a joyous New Year to you and your family, Happy New Year.

[12:52] {Threei}

[12:53] {Threei} okay...

[12:53] {dino} a bit late for new year

[12:53] {nemo} Dearest in Anti-Christ maybe...

[12:54] {dino} whatever, just take the money

[12:54] {dino} lft stopped -.26

[12:54] {Threei} I can't help but wonder... these guys just can't be that removed from rfeal life to think thnat USA is in any kind of shape for higher taxes... can they?

[13:00] {dino} i think you miss the point 3i. they don't care. they just want votes from average guy, who belives all of this crap. it is that simple

[13:00] {Threei} no, I understand...

[13:00] {Threei} I guess I just don't want to believe it

[13:00] {dino} if they really cared about the country they would cut spending.

[13:00] {nemo} spending=votes

[13:01] {dino} believe it and set yourself free

[13:01] {Threei} see, I already have seen it all

[13:01] {Threei} country run into the ground by people who just didn't care about anything but the nearest career step

[13:01] {Threei} nobosy cared about anything

[13:02] {Threei} I know how it ends

[13:02] {dino} why do you think they have been dumbing down the testing in schools since 1990s? dumb down the people who eventually vote, they believe everything they read and hear. i tell my kids to question everything.

[13:03] {Threei} it just painful to realize that the best country in the world follows those same steps

[13:03] {magoo} MCO

[13:03] {magoo} MCO

[13:03] {dino} its all about power

[13:03] {dino} greed

[13:03] {dino} and of course the politics of envy

[13:03] {nemo} wow, what's with mco

[13:03] {Threei} US) Senator Franken (D-MN) amendment to create a new credit rating system close to passage; vote ongoing

[13:03] {Threei} - amendment also calls for increased regulation of credit rating agencies

[13:03] {Threei} - final vote 64-35

[13:03] {Threei} Related (MHP MCO FIM.FR )

[13:04] {dino} welfare has doomed generation after generation to poverty for most that take it

[13:05] {dino} obamination won the cities not the states

[13:06] {Threei} (US) Fed's Bernanke: Have concerns about Congress's proposals that force spin off of swaps desks from banks

[13:12] {Threei} what do you know... Harry Boxer actually called profitable trade

[13:12] {Threei} SOMX

[13:12] {Threei} too bad we haven't trusted him

[13:13] {Threei} BP Spokesperson: The smaller containment structure will not be in place until next week

[13:13] {dino} lft rinsed

[13:14] {Threei} Deutsche Bank AG CEO: Euro Zone rescue package helps stabilize Spain and Italy, warns Portugal is a different issue

[13:14] {Threei} - Notes that there is some doubt that Greece can repay debt over a period of time; Italy, Spain are strong enough to service their debt.

[13:14] {Threei} - Comments that there is no risk of inflation in the Euro Zone over the next 2-3 years.

[13:14] {Threei} - Portugal will have more trouble servicing its debt than Spain or Italy.

[13:14] {dino} out vit .86, +.70

[13:14] {dino} opps, +.60

[13:14] {strider} had me scratcvhing my head, there dino.

[13:14] {dino} lol

[13:14] {strider} that's scratching in yiddish.

[13:15] {dino} my mind is tired, keep looking at wrong stocks

[13:15] {strider} you still in amed?

[13:15] {dino} y

[13:16] {strider} CYD sure is disappointing.

[13:16] {dino} stop is .54

[13:16] {Threei} crap

[13:17] {dino} understatement

[13:17] {Threei} had a feeling LVS was getting ready for a move,

[13:17] {Threei} but pullback was a bit too deep

[13:17] {Threei} so I dismissed it

[13:19] {strider} APOL looks like a move coming

[13:21] {dino} in at .08

[13:27] {Threei} wow

[13:28] {Threei} I thought I heard all the nonsense there is for the day

[13:28] {Threei} but this takes a prize:

[13:28] {Threei} ECB's Quaden: the Euro saved the EU from experiencing a currency crisis

[13:28] {nemo} in the short term

[13:29] {RonS} ...circular thinking or circle jerk...

[13:29] {nemo} with 60 grit

[13:30] {Threei} must be nice to have this total disconnection of tongue from brain

[13:30] {Threei} GERN Announces Positive Study Data on GRNCM1 (5.76, +0.03, 0.52%)

[13:30] {strider} We talking about les?

[13:30] {Threei} oh come on, he is not here

[13:31] {strider} oh. OK. Didn't realize. That's not fair.

[13:31] {strider} I retract my statement.

[13:31] {strider} Are wwe talking about (fill in your favorite politician here)?

[13:31] {Threei} reported positive preclinical study data showing that GRNCM1, Gerons cardiomyocyte product derived from human embryonic stem cells (hESCs), does not cause cardiac arrhythmias after transplantation into a model of chronic heart damage designed to test this potential safety concern. GRNCM1 is being developed for the treatment of heart failuure

[13:33] {shorty} Are we in anything?

[13:33] {nemo} NO

[13:33] {strider} I"ve got 1 of everything.

[13:33] {dino} y

[13:33] {nemo} Oh yeah...dino

[13:34] {shorty} I could have guessed that dino was.

[13:35] {dino} amed

[13:35] {Threei} AMED Issues statement; will cooperate wiht Senate inquiry

[13:35] {Threei} The letter of inquiry received from Senators Grassley and Baucus references an article published recently in The Wall Street Journal. The article told an incomplete story about the value of home health to patients, their families, and the overall healthcare system.

[13:35] {Threei} - CEO: "We will cooperate with the Committees inquiry. We also look forward to discussing with the Senators the many benefits and advantages home health care provides for the millions of Americans our industry serves"

[13:35] {dino} lol

[13:37] {Threei} ECB's Quaden: Inflation is gone, and will allow period of low interest rates

[13:38] {Threei} inflation be gone... deflation be embraced

[13:39] {dino} these politicians are idiots

[13:40] {Threei} well... yeah

[13:40] {Threei} lol

[13:40] {Threei} but this situation goes well with theor ideology

[13:40] {Threei} I mean, zero or close to it rates

[13:40] {Threei} who does it work for, rich guy or their beloved have-not class?

[13:41] {dino} just wait until they suggest to outlaw market and bond and currency drops

[13:41] {Threei} widely hated rich guy has no return on his money in money market

[13:41] {Threei} and doesn't benefit from cheaop loans since he doesn't borrow

[13:42] {dino} it works for the banks only 3i, they borrow at zero and loan at 4 or 5%

[13:42] {Threei} poor bum on the other hand gets almost free loans, and has no money to earn interest on

[13:42] {nemo} bidu touched uptrend line

[13:43] {dino} or as they do in us, borrow at zero and then buy govt bonds/notes, no risk spread

[13:43] {Threei} nice racket

[13:43] {Threei} unless givt plans to default on those

[13:44] {dino} defaults are soon to be outlawed as you see in euro

[13:44] {Threei} well, socialistic govt in US may do it just put of spite

[13:44] {dino} out amed +.03 bad entry

[13:45] {Threei} "we owe you? nope... we don't.'

[13:45] {dino} next, you cannot fire or layoff workers, mr reardon

[13:50] {Threei} MCO shrugged it all off after all

[13:50] {Threei} US) Fed's Fisher: Observing some stronger growth prospects in the US economy

[13:50] {Threei} wow...

[13:50] {Threei} what a great visionary

[13:51] {nemo} Fischer's gone over to the dark side

[13:51] {Threei} or off the deep end

[13:54] {strider} BIDU

[13:59] {Threei} (US) Fed's Kocherlakota: There is no need at the moment to extend swap lines to China

[13:59] {Threei} no?

[13:59] {Threei} strange

[14:00] {Threei} GERN almost all the wat back

[14:03] {dino} should've held onto vit

[14:03] {dino} gut says we go up

[14:04] {strider} CVGI near 2 year high

[14:04] {dino} cf sm l .20

[14:05] {Threei} strider, look PM please

[14:14] {Threei} The Goldman Sachs Group Inc Goldman's Abby Joseph Cohen: Our client businesses remain quite robust - CNBC

[14:14] {Threei} - sees S&P 500 at 1250, all things considered from fundamental perspective

[14:14] {nemo} I'm surprised somebody hasn't shot her yet

[14:14] {Threei} lol, why

[14:15] {Threei} I don't follow her much

[14:15] {nemo} I can't stand listening to her

[14:15] {RonS} ajc...perma-bull...

[14:23] {RonS} 3i, short bidu 76 break?

[14:23] {nemo} 76 or .76

[14:23] {Threei} I don't have a grip on it today

[14:23] {magoo} i wouldnt

[14:23] {Threei} and, 76??

[14:23] {Threei} it's 90 cents from there

[14:24] {RonS} ...just preparing...i am slow like politician...

[14:24] {Threei} lol

[14:24] {Threei} but, how to tell in dvance not knowwing how it gets there

[14:25] {Threei} envision sharp drop from here

[14:25] {Threei} 80 cents in one long red bar

[14:25] {Threei} will you short it at 76?

[14:25] {dino} cf stopped -.27

[14:25] {RonS} oh ya, keep forgetting that lecture

[14:25] {Threei} :)

[14:25] {Threei} folks, just in case you forgot

[14:25] {Threei} or didn't know:

[14:25] {Threei} US) President Obama: US economy is headed in the right direction

[14:26] {strider} Well, at least we know what APOL should cost.

[14:26] {strider} That's one less thing.

[14:26] {dino} ?

[14:27] {strider} Just looking at the chart for last 30 minutes.

[14:27] {Threei} NFLX Hearing UBS downgrades to Sell from Neutral

[14:27] {strider} Seem to have reached a consensus.

[14:27] {Threei} hmmm

[14:27] {Threei} this is rare case

[14:27] {Threei} usually they only upgrade at the highs

[14:28] {RonS} ...maybe they called Les.

[14:28] {RonS} dino, you still in elx...the offers have been relentless

[14:29] {dptl} mco short?

[14:29] {Threei} well... market is dropping...

[14:29] {Threei} maybe just as a following

[14:30] {Threei} by itself, it's not really a short

[14:30] {dptl} hmm...ok ty......

[14:32] {Threei} say what?

[14:32] {Threei} president just said we gain jobs 4 months in a row

[14:33] {Threei} what did I miss?

[14:33] {strider} NFLX

[14:33] {RonS} ...did he say that in Buffalo?...teaching the world what buffaloed means...

[14:34] {Threei} yes

[14:34] {Threei} speaks right now

[14:34] {Threei} I saw a slowdown of job losses

[14:34] {Threei} I haven';t seen gain

[14:34] {Threei} unless I misunderstood something

[14:35] {dino} you are correct

[14:35] {Threei} BP Senate reportedly blocks bill aimed at removing oil spill liability limits

[14:35] {dino} lies, lies, and more lies

[14:35] {RonS} i just hope he saw this: http://www.breitbart.tv/buffalo-billboard-to-obama-i-need-a-freakin-job/

[14:35] {Threei} -BP spiked

[14:36] {dino} same as gm saying they paid govt back

[14:36] {Threei} sigh

[14:36] {RonS} Effort to Raise Oil-Spill Damages Limit Blocked in Senate 05/13 12:34 PM

[14:37] {Threei} I'd expect BP to do more on this

[14:37] {RonS} sorry 3i...did not see your post...

[14:37] {Threei} this seems to be abig frikin deal

[14:41] {Threei} no worry Ron, good to have insurance

[14:42] {Threei} US) Senators from states of California, Oregon and Washington introduced legislation to ban oil drilling off the West Coast - Businessweek

[14:43] {nemo} all six of them

[14:43] {Threei} - The measure would amend the Outer Continental Shelf Lands Act to impose a permanent ban on drilling off the three states.

[14:43] {Threei} letter in the local paper, I just have to share it with you

[14:43] {Threei} a gal writes:

[14:44] {Threei} I don't get it, why do we continue drilling, and using oil at all,

[14:44] {Threei} are we blind, or idiots?

[14:44] {Threei} What could be simpler:

[14:44] {Threei} use solar, wind, tode, don't buy cars, use bikes, walk and take bus.

[14:45] {Threei} That's it, problems solved.

[14:45] {Threei} I am so ful of envy... her world must be beautiful

[14:45] {Threei} everything is so simple

[14:46] {shorty} Have you seen the wind turbine in Toronto when it's 40 C, and the demand for energy is up?

[14:47] {Threei} it tries to fly away?

[14:47] {shorty} Yes it does, but it needs wind to do that.

[14:48] {Threei} so, it buys a jet, attaches it, buys gasoline... and flies

[14:48] {shorty} lol

[14:48] {Threei} but seriously... life is great for that gal

[14:48] {Threei} reminds me a soviet joke...

[14:49] {Threei} professor takes exam, course is called scientific communism (real thing btw)

[14:49] {nemo} Soviet theology class

[14:49] {Threei} yes

[14:49] {Threei} student answers a few questions, with "I have no idea"

[14:49] {nemo} Heard all about it

[14:50] {Threei} questions go more and more basic,

[14:50] {Threei} finally come to:

[14:50] {Threei} what is socialism? capitalism? communism?

[14:50] {Threei} guy answers all of them with I have no idea

[14:50] {Threei} professor asks "young man, where areyou from'?

[14:50] {Threei} student says Uryupinsk

[14:51] {Threei} professor, crying bitterly: I want to live in Uryupinsk...

[14:52] {Threei} sigh... whatever

[14:52] {Threei} I hate you all

[14:52] {nemo} Oh, I get it

[14:52] {Threei} too late

[14:52] {Threei} I am cryting bitterly

[14:52] {RonS} now, THAT is funny...

[14:52] {nemo} Look....

[14:52] {Threei} and want to live i Uryupinsk

[14:52] {nemo} it doesn't translate so easily, you have to think about it

[14:52] {nemo} plus you don't see a face in the delivery

[14:53] {Threei} oh come on... it's my face

[14:53] {nemo} nevermind

[14:53] {Threei} why would you ever want to seee it

[14:53] {nemo} facial expression in the delivery

[14:53] {Threei} Nakabayashi Co to purchase day planner from the Japan unit of FC - price estimated at 500M

[14:54] {Threei} sh*t... it must be great day planner

[14:54] {Threei} oh... day planner business

[14:54] {RonS} ...i would plan for $400 mil

[14:54] {Threei} no kidding

[14:54] {shorty} crap! It's too late to get my money back from this course. I totally forgot.

[14:54] {nemo} ?

[14:54] {Threei} as if it was ever a good time

[14:56] {shorty} dino..CLF?

[14:56] {dino} out idsa .42, +.29

[14:56] {strider} Gotta run some errands, guys. See you in the morning.

[14:56] {Threei} lol... dino, don't tell him

[14:56] {shorty} lol

[14:56] {Threei} take care strider

[14:56] {strider} :)

[14:56] {Threei} BIDU

[14:57] {Threei} maybe soon

[14:57] {Threei} speaking of that short Ron

[14:57] {dino} clf depends on s/p dji imo

[14:57] {RonS} yep

[14:57] {shorty} I should know that by now dino...thanks

[14:57] {Threei} some consolidation, then bvreak with market's help

[14:58] {Threei} but keep it very reasonable size wise

[14:58] {Threei} volatility is horrific

[14:58] {Threei} well, not as bad is before split of course

[14:58] {dino} like here, .00 w/stop at lod perhaps

[14:58] {Threei} is = as

[14:58] {dino} not in

[15:00] {nemo} I gotta' head out too....cu morow

[15:00] {Threei} take care nemo

[15:00] {shorty} bye

[15:00] {Threei} BIDU looks very...

[15:00] {Threei} ominous

[15:01] {Threei} backed off from a brink

[15:02] {shorty} out + .14 CLF thanks dino for the help.

[15:04] {dino} gj

[15:11] {Threei} clarification:

[15:11] {Threei} British Petroleum plc Senate Republicans block Democratic effort to lift cap on liabilities owed for economic damages stemming from oil spills

[15:11] {Threei} - Senate Democrats, led by Senator Menendez (D-NJ), sought to raise the cap on economic damage claims agains oil companies for spills to $10B from the present level of $75M.

[15:11] {Threei} - The measure was blocked by Republicans on the basis that it would force smaller companies out of the offshore oil drilling market.

[15:12] {dino} not to mention retro-active law changes should be illegal

[15:12] {Threei} heh

[15:13] {shorty} Have a great day everyone. Thanks Threei.

[15:13] {Threei} take care shorty

[15:13] {dino} cya shorty

[15:13] {shorty} cya dino

[15:13] {Threei} not with this administration dino... remember AIG bonuses?

[15:14] {dino} it's just not right

[15:14] {dino} pretty good drop

[15:17] {Threei} SOMX is holding pretty well

[15:17] {dino} ndx gap from tues. 1940

[15:19] {Threei} US) Amendment to Senate financial reform bill that would require bankruptcy for troubled non-bank financial institutions will not likely pass; vote is ongoing

[15:19] {Threei} - Amendment proposed by Senator Sessions (R-AL)

[15:19] {Threei} - final vote 58-42

[15:22] {dino} clf sm l .50

[15:25] {Threei} Ron, you shorted BIDU?

[15:26] {RonS} did not...

[15:26] {Threei} aww

[15:26] {Threei} it nicely consolidated and broke

[15:26] {RonS} ...lesson for the future

[15:27] {Threei} anyway, see from the chart what I mean?

[15:27] {RonS} yes

[15:27] {Threei} :)

[15:31] {dino} cf sm l .50

[15:33] {dino} bwld l .00

[15:36] {Threei} GR) Reportedly explosion heard outside of main prison in Athens

[15:37] {dino} clf stopped

[15:38] {Threei} BIDU is cratering today

[15:39] {dino} cf stopped

[15:39] {dino} bwld stopped

[15:40] {RonS} :/

[15:41] {dino} not a good way to end day

[15:42] {Threei} USD moves to session highs against the CAD, EUR, GBP, and CHF

[15:43] {RonS} :) go $/CAD!

[15:43] {dino} ndx gap 1940 filled

[15:44] {dino} fdx l .00

[15:44] {dptl} have a good evening all

[15:44] {dino} cya

[15:44] {RonS} cya dp

[15:45] {dino} out fdx .26

[15:46] {dino} +.26

[15:46] {dino} well made up for the 3 misses

[15:46] {dino} w/that calling it a day, baseball tonight

[15:47] {RonS} cya dino

[15:50] {Threei} take care dp

[15:53] {Threei} yawn

[15:59] {magoo} nite all

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see youi tomorrow