Wed May 26 2010

Not big but decent day, with some nice trades here and there. The best of them in educational value was FAZ long. Recap with a screen shot is posted here , and real time commentary started around 11:30 am.

Session Time: Wed May 26 00:00:00 2010

[08:01] {magoo} morn

[08:10] {strider} morning, magoo

[08:17] {nemo} morning

[08:17] {strider} howdy

[08:22] {Les} http://www.youtube.com/watch?v=wO8xTTuQl-k

[08:24] {nemo} yep...definitely little kids in your house

[08:26] {Les} striders fault, his greeting made me do it

[08:27] {nemo} typical child response

[08:27] {Les} :)

[08:28] {strider} durable goods 8:30

[08:29] {Les} started on the essence of tao nemo

[08:29] {Les} some radically different thoughts there

[08:30] {Threei} *(US) APR DURABLES GOODS ORDERS: 2.9% V 1.3%E; DURABLES EX TRANSPORTATION:-1.0 % V 0.5%E

[08:31] {Threei} Les... really worrying sign is when you start considering any other thoughts "radically different"

[08:31] {Les} not a criticism

[08:31] {Threei} I know

[08:31] {Les} but going to uni man

[08:31] {Les} we don't learn that

[08:32] {Threei} wait till you see trading applications of that system of beliefs

[08:32] {nemo} Too funny...it's arguably the oldest body of thought in the world

[08:32] {Les} suits me though, Taoism, since I'm a grumpy old shite that doesn't like to hang out with other people

[08:32] {Les} I'm interested

[08:32] {nemo} that's not the point

[08:32] {Les} yeh I kn ow

[08:34] {Threei} with each next chapter I think more and more that this is the only book really worth writing

[08:34] {nemo} wow

[08:34] {Les} started reading it cause I'm writing a paper that included similar thought from Kant, that has been ignored cause it is non-rational philosophy

[08:34] {Les} what, you're trading book?

[08:34] {Threei} yes

[08:34] {Les} your

[08:35] {Les} speaking of which

[08:35] {Threei} of course it's gping to be the least popular

[08:35] {nemo} Ah yes, the human belief that we are rational beings...wonder if strider will pipe in here

[08:35] {Les} I realised yesterday after closing that my thinking was totally out of sync with yesterdays market

[08:36] {Les} do people come into session here with plans for days outcome, cause I lost big picture screwing around with one trade yesterday

[08:37] {Threei} plans for days outcome?

[08:37] {ese} morning

[08:37] {Threei} ese :)

[08:38] {strider} American Superconductor should be bought today, says PacCrest

[08:38] {strider} Not tomorrow.

[08:38] {strider} Today.

[08:39] {Threei} okay...

[08:39] {ese} right this second

[08:39] {Threei} Les, not sure I understand

[08:39] {ese} mind if i have my coffee first

[08:39] {Threei} could be too late ese

[08:39] {strider} you just don't get it, do you ese?

[08:39] {strider} :)

[08:39] {Threei} American Superconductor purchase can't wait

[08:40] {ese} guess not

[08:40] {Threei} you can always make another cup of coffee

[08:40] {strider} Itr does have a nice chart, daily.

[08:40] {ese} ahhhhhhhh

[08:41] {strider} not daily....sorry

[08:41] {strider} was looking at 5 min.

[08:41] {strider} One small problem with laser.....charts don't ID the period.

[08:41] {strider} Seems like that's a small thing to ask.

[08:42] {Threei} huh?

[08:42] {Threei} look at the bottom of the chart

[08:42] {Threei} daily has dates

[08:42] {strider} that's true.

[08:42] {Threei} intraday has times

[08:42] {strider} and that's true also.

[08:43] {Les} I'd allowed myself to be trapped in a short when the market was going to the moon that's all. I could see it was going up and just failed to switch over to long entries

[08:43] {strider} Laser is very minimalist.

[08:43] {Threei} naturally strider

[08:44] {Threei} it was designed from the get-go as extremely efficient scalper's software

[08:44] {Threei} barebones, fastest execution possible with most convenient interface

[08:45] {Threei} a lot of bells and whistles were added much later

[08:45] {Threei} original version was like rake

[08:45] {Threei} no automatic stops for instance

[08:45] {Threei} because scalpers do not need them

[08:46] {Threei} Les... that's not the matter of coming with plan

[08:46] {Threei} that's matter of not locking yourself into opinion

[08:47] {dptl} morning

[08:47] {Threei} dp :)

[08:47] {Threei} and that, in turn, is a matter of understanding one's role in the world

[08:48] {Threei} if one thinks he can know the future,

[08:49] {Threei} it's arrogance that makes him insist on him being right

[08:49] {ese} dddddddddddppppppppppp!!!!!!!!!11

[08:49] {dptl} :) Ese

[08:49] {Threei} If one realizes that his knowledge is limited and reality can and often is different from his models

[08:50] {Threei} he doesn't get stubborn and allows the world (and the market) govern his actions

[08:50] {Threei} that's your Tao of the Markets for today {G}

[08:50] {Les} yeh some summer reading to do, along with part 1 of your book again

[08:53] {magoo} [08:36] {Les} do people come into session here with plans for days outcome, cause I lost big

[08:54] {magoo} les, thats the first thing a sucessful trader overcomes

[08:54] {ese} wow vad..........thats deep

[08:55] {magoo} must be flexible, let the tape tell u where we are headed

[08:56] {magoo} like today, really feels like we should blast off...BUT who knows, anything can happen, could have "flash crash the sequel today, who knows

[08:56] {Threei} (EU) PIMCO's Bill Gross: Restrictive lending rates may leave default as the "only way out" for some sovereign borrowers - Businessweek (related EUR/USD SOVRX )

[08:56] {ese} not for me mags.....at least not for the days outcome

[08:56] {Threei} that's me ese... deep

[08:56] {Threei} now... wait for me, I need to go laugh

[08:57] {nemo} as in piled high and deep?

[08:57] {nemo} BS=taurine excrement

[08:57] {nemo} MS=more of the same

[08:57] {Threei} btw Les,

[08:57] {nemo} PhD=Piled High and Deep

[08:57] {Threei} looking at things from this point of view

[08:58] {ese} ouch nemo

[08:58] {nemo} that's what I learned after 6 years of higher education

[08:58] {Threei} see now why all the bickering back and forth about what is going to happen in the markets in a week, month or year makes me shrug and remove myself from meaningless mental masturbation?

[08:58] {nemo} ooh...reminds me of a joke

[08:59] {ese} lets have it

[08:59] {Threei} heavy editing is in orderd?

[08:59] {nemo} would have to be a dcc telling :)

[08:59] {ese} ahhhhhhh

[09:00] {Threei} CA) CANADA APR HOUSE PRICE INDEX Y/Y: 11.6% V 9.9% PRIOR

[09:00] {nemo} dcc ese

[09:00] {Threei} ese, if you value your innocence, don't look at it

[09:01] {Les} sqnm vad. .50 break noteworthy as setup?

[09:01] {Les} daily it looks important

[09:01] {Threei} I like the look of dailty overall,

[09:02] {Threei} but the resistance to break is fuzzy

[09:02] {Threei} .40 - .60 zone

[09:02] {ese} i cannot tell a lie.....i looked

[09:02] {Les} Nemo, that's a joke for bitter and twisted divorced man

[09:03] {nemo} I'm not bitter

[09:03] {Les} ok just twisted

[09:03] {nemo} Twisted....well.....yahh

[09:04] {nemo} then again...I think that's a case of the pot calling the kettle black.

[09:05] {Les} well duh

[09:05] {Les} anyone staying in vad's room gotta be nuts

[09:05] {nemo} even larisa and patience?

[09:06] {Threei} no, they just find observing us edcuational and entertaining

[09:06] {Les} dunno their story

[09:06] {Les} right

[09:06] {nemo} ahhh, like visitors at the zoo

[09:07] {magoo} AIG is due for a rip vad, if IF mkts remain strong, lets follow it

[09:08] {Threei} I'll try mags

[09:09] {Threei} but you know how this animal behaves

[09:09] {nemo} or doesn't as the case may be

[09:12] {Threei} UK) US Treasury Secretary Geithner: UK Chancellor's Osborne laid out strong compelling plan

[09:12] {Threei} - Osborne says Finacial market stability is in everyone's interest

[09:12] {Threei} - Happy to see Europe heading towards bank levy

[09:12] {Threei} - Geithner says important that Eu puts backstop plan into action

[09:12] {Threei} Happy to see Europe heading towards bank levy....

[09:12] {Threei} idiot

[09:12] {shorty} Good morning all

[09:12] {Threei} unless he means "you do that but we won't"

[09:12] {Threei} shorty :)

[09:13] {RonS} gm all. vrtx up on what i consider important news

[09:13] {ese} unless i'm blind......haven't seen anything stick out on your pre market action screen vad.....i miss anything

[09:13] {Threei} Ron :)

[09:13] {ese} ron

[09:13] {Threei} Vertex Pharmaceuticals Inc Phase III trial of Telaprevir in chronic hepatitis C shows promising results

[09:13] {Threei} - 75% of people chronically infected with genotype 1 hepatitis C virus (HCV) who had not previously been treated achieved a sustained viral response

[09:14] {Threei} Vertex plans to submit a New Drug Application to the U.S. FDA for telaprevir in the second half of 2010 for both treatment-nave and treatment-failure patients.

[09:16] {RonS} i have known people that got hep c from tainted blood transfusions. just terrible

[09:16] {nemo} yeah, my cousin got it from the vaccine guns in the army back in the early 80's

[09:16] {ese} terrible for sure

[09:16] {nemo} He went through 3 rounds of chemo

[09:17] {nemo} Turned out alright though. Hasn't been any sign of the illness in 13 or 14 years

[09:17] {Threei} larisa :)

[09:17] {nemo} lari :)

[09:17] {magoo} this open a toughie

[09:17] {magoo} pop - drop

[09:17] {magoo} drop-pop

[09:17] {larisa} gm :)

[09:17] {magoo} rip-rot-rip

[09:17] {magoo} rip-rip-rip-

[09:17] {Threei} I plan on waiting it oput mags

[09:18] {magoo} rot

[09:18] {ese} me as well

[09:18] {magoo} 'easier yester

[09:18] {nemo} market is in resistance area

[09:18] {strider} F again

[09:18] {magoo} likely hood of bounce had good odds

[09:18] {Threei} yeah, today is more of a toss

[09:19] {magoo} stocks are still oversold on short term basis

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:20] {strider} TEVA weak

[09:22] {dino} gm all

[09:22] {nemo} hey binky!

[09:22] {Threei} dino :)

[09:23] {nemo} dcc dino :)

[09:26] {dino} strider you're getting your gap wish

06[09:26] * magoo slaps lasertrev around a bit with a large trout

[09:26] {strider} yeah:)

[09:27] {magoo} F rip vad

[09:27] {Threei} oh yeah, you had GE overnight

[09:27] {Threei} nice gap

[09:27] {strider} yep

[09:27] {strider} holding through open

[09:27] {Threei} pullback mags... only pullback will get me interested

[09:28] {magoo} just putting it on your radar, BP spike too here

[09:28] {Threei} F is relatively easy player when momo comes... under normal circumstances it's anything but

[09:28] {magoo} BP

[09:28] {magoo} sh@t

[09:29] {nemo} must made the top shot

[09:29] {magoo} bp trying to place lid on well today

[09:29] {nemo} yes

[09:30] {jfjf64} mornin

[09:30] {Threei} jf :)

[09:30] {Threei} BP, let it drop under 42 before trying long

[09:31] {Threei} GE) German Bundesbank: Euro zone defaults must remain possible

[09:31] {Threei} QTWW Awarded contract by Lockheed Martin

[09:33] {Threei} AIG

[09:33] {Threei} ugh

[09:33] {Threei} don't chase

[09:33] {Threei} if drops to 35, watch for entry

[09:34] {magoo} look WFC vad

[09:34] {Threei} Long Setup: AIG half lot .10 break

[09:34] {Threei} stop under .95

[09:34] {nemo} spy dancing at 200 ma

[09:34] {Threei} teleportation...

[09:34] {nemo} was already past

[09:34] {shorty} lol

[09:34] {Threei} was available for a few seconds

[09:35] {nemo} watch for double top spy here

[09:36] {Threei} Long Setup: WFC .10 break

[09:37] {dptl} in.11

[09:37] {nemo} yeah

[09:37] {Threei} stop under 29

[09:37] {Threei} not a scalp for me if works

[09:39] {nemo} 200 at .87

[09:39] {nemo} ma that is

[09:39] {Threei} let's go WFC

[09:40] {nemo} spy at resistnace

[09:40] {nemo} oh no, vad's infected me

[09:40] {Les} you infected yourself. you type too much

[09:41] {dino} vrtx sm s .25

[09:42] {Les} wow MS is no dog today

[09:42] {Threei} stopped

[09:42] {dptl} stopped

[09:42] {nemo} oh slippage

[09:42] {Les} gs looking weak too

[09:43] {jfjf64} \rimm

[09:43] {nemo} wfc pausing at the 200 ma

[09:43] {dino} cov vrtx .80, +.45

[09:44] {Les} damn didn't even see your entry

[09:44] {nemo} wfc rinse

[09:44] {dino} above les

[09:45] {Les} my bad, not yours

[09:45] {Threei} US) Preview: April New Home Sales due out at 10:00ET

[09:45] {Threei} **consensus expectation: 425Ke v 411K prior

[09:46] {Threei} Long Setup: AIG half lot .15 break

[09:47] {nemo} stop under .95?

[09:47] {Threei} depends

[09:48] {nemo} ahh scalp day swing

[09:48] {Threei} and bottom of this pullback

[09:48] {Les} wfc getting dumped

[09:49] {nemo} yeah, I thought short .84, but....

[09:49] {Threei} recalibrate AIG

[09:49] {jfjf64} lvs???

[09:49] {Threei} .10 break if holding 35

[09:49] {nemo} 1/2?

[09:50] {Threei} LVS, one more pullback

[09:50] {Threei} then I get interested

[09:50] {jfjf64} rimm +.28

[09:50] {Threei} like this

[09:50] {jfjf64} ty

[09:50] {Les} BP hovering under .50

[09:50] {Threei} AIG invalidated

[09:51] {Les} bp read vad?

[09:51] {Threei} none

[09:51] {Threei} BP will be dependent on top kill success

[09:51] {Threei} if we get unraday updates, it can influence the stock

[09:51] {nemo} they won't know for a couple of days

[09:52] {Threei} there will be blabbing around

[09:52] {Les} wfc bounce. breakdown entry?

[09:53] {nemo} aig two way play?

[09:53] {Threei} LVS, one more leg down, and let's hunt for a reversal

[09:53] {Threei} from under 22

[09:54] {Threei} WFC, I'd look for double bottom,

[09:54] {Threei} desirably holding .70

[09:54] {jfjf64} ii

[09:54] {Les} will do

[09:54] {Threei} and vreaking .80

[09:55] {nemo} rimm strong

[09:55] {dino} mos sm l .00

[09:55] {jfjf64} trend line ouchhhhhhhhhhhhhhhhh

[09:55] {dptl} wfc .80 long? valid?

[09:56] {Threei} held .70 so far

[09:56] {jfjf64} picture

[09:56] {nemo} indices topping again

[09:56] {dptl} in

[09:56] {jfjf64} lcc

[09:56] {Threei} LVS got away

[09:57] {Threei} reversed a bit too soon

[09:57] {dino} dia sm l .40

[09:58] {Threei} WFC 1:1

[09:59] {dptl} half out +.10 half out even

[09:59] {dptl} ty

[10:00] {Threei} US) APRIL NEW HOME SALES: 504K V 425KE (14.8% M/M

[10:01] {dino} wow

[10:01] {Threei} prior revised higher from 411K to 439

[10:01] {nemo} ahhhh...dino?

[10:02] {nemo} what wow, homes?

[10:02] {nemo} end of tax credit

[10:02] {dino} yes

[10:03] {Threei} FAS

[10:03] {Les} gs is a rocket

[10:03] {Threei} watching for sharp pullback,

[10:03] {nemo} dt

[10:03] {jfjf64} whats with all great trend line vad

[10:03] {Threei} long entry around 23.90 - 24

[10:03] {Threei} jf?

[10:04] {dino} dia to flat

[10:04] {jfjf64} txt rimm lcc

[10:04] {jfjf64} ect

[10:05] {jfjf64} just thinkin out loud

[10:05] {jfjf64} or with keyboard

[10:06] {dino} out mos flat, out dia flat

[10:06] {Les} wfc 29

[10:08] {dino} call me crazy, but mkt feels heavy

[10:08] {nemo} very

[10:08] {dino} dia s .40 sm

[10:11] {Threei} FAS is getting there

[10:11] {shorty} one more leg down?

[10:12] {Threei} yes

[10:12] {Threei} OK

[10:12] {Threei} 24.02 long

[10:12] {Threei} argh

[10:12] {shorty} went too fast

[10:12] {Les} in .03

[10:13] {dino} cov dia flat, i'm confused

[10:14] {Threei} AIG UK Serious Fraud (SFO) ends investigation into the UK opeations; cites insufficient evidence

[10:14] {Les} that's useful

[10:14] {Threei} half out FAS

[10:14] {Threei} or scalp

[10:14] {Threei} personal preference

[10:14] {dptl} missed

[10:16] {dino} sm l bwld .33

[10:16] {dino} thinny

[10:17] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:17] {Threei} **consensus expectations:

[10:17] {Threei} Crude: +250Ke

[10:17] {Threei} Gasoline: +500Ke

[10:17] {Threei} Distillate: +500K

[10:18] {ese} L akam .04

[10:18] {Threei} Les, offer above .20 if you still have so FAS

[10:18] {Threei} there you gop

[10:19] {Les} no had no faith in you sorry

[10:19] {magoo} .27 here

[10:19] {Les} chickened out prematurely

[10:19] {Threei} faith in me?

[10:19] {Threei} boy...

[10:20] {Threei} wow... Obama a Presidential Approval Index rating of -22. Thats the lowest Approval Index rating yet measured for this president

[10:20] {dino} micc sm l .24

[10:20] {Threei} this quickly turns into Obama's Katrina

[10:20] {ese} out akam .16 +.12

[10:21] {magoo} F'k fas

[10:21] {Les} that last fas long I was only long small shares and got out too quickly. was expecting sharp drop like now

[10:22] {Threei} mags, you are not breathing

[10:22] {Threei} natural trading is a breathing process

[10:22] {Threei} inhale and exhale

[10:23] {Threei} you are holding breath for too long in this volatile market

[10:23] {magoo} one heck of fall there ..was .21

[10:23] {Threei} I undersdtand the desire to maximize profits but it has to be done wih protecting them

[10:23] {Threei} partial out, then it will be natural process

[10:24] {Threei} vs. fighting the forces

[10:28] {Les} took you up on the DIA short dino. s .49. stopped previously

[10:29] {dino} gl

[10:30] {Les} :s

[10:30] {Threei} *DOE CRUDE: +2.45M V +250KE

[10:30] {Threei} oh boy

[10:30] {Threei} GASOLINE: -200K V +500KE; DISTILLATE: -270K V +500KE

[10:30] {Threei} you can swim in stuff, drink it, pour it out, and there still will be plenty left

[10:31] {Les} ha! who were these idiots raving on about peak oil?

[10:31] {nemo} it may have peaked, demand has collapsed here...not in India and China

[10:31] {shorty} l FAS .90

[10:32] {nemo} shorty watch .95 thats the 200 ma, fas often finds support or resistance in that area

[10:32] {Les} it was a joke dammit

[10:32] {shorty} ohhhh...thanks nemo

[10:33] {nemo} I watch it alot

[10:33] {shorty} I will try it.

[10:33] {Threei} it doesn't mean it's usefil shorty... he just likes watching it

[10:33] {shorty} lol

[10:33] {nemo} I like to watch....

[10:34] {shorty} I got out at .96 anyway

[10:35] {Les} dia stopped -.11 whiskey break

[10:37] {magoo} LVS bvad strong

[10:38] {Threei} everything is, moves woith market... valid readable setup is anotger matter

[10:39] {Threei} 22.15 break was, in retrospect

[10:39] {Threei} I just wasn't watching it at the moment

[10:40] {nemo} cat strong too

[10:41] {Threei} KNSY Receives FDA 510(k) Clearance for ECM Product, Meso BioMatrix Surgical Mesh (23.15, +0.94, 4.23%)

[10:42] {Les} interesting observations you had on BP. Like RIG it is stuck in pergatory

[10:44] {Threei} LVS, pullback to .15 - .20 is not possible entry zone

[10:44] {magoo} then why mention it?

[10:44] {larisa} lol

[10:45] {Threei} sigh

[10:45] {Threei} not = now

[10:45] {Threei} lol

06[10:45] * Threei slaps magoo around a bit with a large dictionary of Threeiish

[10:46] {Threei} .45 is C&H breakout

[10:46] {shorty} lol

[10:46] {Threei} ok mags, that was a good one...lol

[10:46] {nemo} 109.35 important level fo spy on daily

[10:49] {Threei} Libyan Oil Minister: OPEC members discussing weakness in oil price, seeking tighter compliance with quotas

[10:50] {Les} l GLD .02 stop under .90

[10:53] {dino} dia sm s .50

[10:53] {Threei} FAS

[10:53] {Threei} bounce hunt

[10:53] {Threei} LVS too

[10:54] {nemo} spy broke support

[10:56] {shorty} .61 Threei? If holds .50

[10:56] {Threei} feels like losing .50 is more likely

[10:57] {nemo} yeah, spy testing 200 at .90

[10:57] {shorty} hence why I usually wait for your call.

[10:57] {Threei} ok, .45 - .50

[10:58] {jfjf64} lvs .10

[10:58] {jfjf64} ??

[10:58] {dptl} in

[10:58] {Threei} yes

[10:58] {Threei} in FAS

[10:58] {shorty} in

[10:59] {Threei} 1:1

[10:59] {shorty} 1:1 ty

[10:59] {dptl} out .56 ty

[11:00] {Les} stopped gld

[11:00] {shorty} probably will go higher.

[11:00] {Threei} 1:2

[11:01] {Threei} 1:3, out in full

[11:02] {Threei} LVS over 1:1

[11:03] {Threei} Short Setup: BP .80 break

[11:04] {dptl} missed

[11:04] {shorty} I can't short it.

[11:04] {dptl} where was your stop ??

[11:05] {Threei} gosh.. what's with yelling

[11:05] {Threei} I am easuly scared

[11:05] {nemo} wuss

[11:05] {Threei} .90 for scalpers, 43 for day traders

[11:05] {Les} missed BP. took aggressive entry in LVS .09 instead

[11:06] {Les} short

[11:06] {dptl} ok

[11:06] {dptl} missed it

[11:06] {Les} lol dp

[11:06] {Threei} AIG (US) Fed General Counsel: Unlikely AIG will require more funds from the Fed, is on the path of sustainability - congressional hearing

[11:08] {Threei} - Federal Reserve anticipates that the loans under the Revolving Credit Facility, including interest and commitment fees under the modified terms of the Facility, will be fully repaid

[11:08] {Les} that's the casino money banks are playing with isn't it?

[11:10] {nemo} rimm bounce around here?

[11:10] {nemo} 200 is at .30

[11:10] {nemo} it bounced

[11:10] {dptl} it's a long weekend coming?

[11:10] {Threei} yes

[11:10] {Threei} BP

[11:10] {Threei} same setup

[11:11] {dptl} ty

[11:12] {dino} cov dia .32, +.18

[11:14] {Threei} invalidated

[11:14] {nemo} rimm bounced at the 200

[11:15] {magoo} yea..it was a good call rimm

[11:16] {nemo} the algo's sure seem to play off those ma's

[11:17] {RonS} nemo, what time frame is your 200 MA?

[11:17] {nemo} 1 minute

[11:17] {RonS} ahso

[11:17] {nemo} I am not!

[11:18] {RonS} ahso hawney :D

[11:20] {dino} vrtx sm l .45

[11:21] {Threei} Long Setup: LVS .25

[11:22] {Threei} invalidated

[11:23] {shorty} Have a good day all. Will see you Friday, taking kids out to the Zoo all day tomorrow.

[11:24] {Threei} take care shorty

[11:24] {Les} ciao

[11:24] {jfjf64} enjopy

[11:25] {jfjf64} .20 lvs vad

[11:25] {Threei} nah

[11:25] {Threei} spiked too vetically

[11:25] {jfjf64} k

[11:26] {jfjf64} i see

[11:26] {dino} cya shorty

[11:27] {RonS} ...market starting to pay attention to the euro again, which just went to a lod and bounced a little

[11:27] {dino} dia sm s .95

[11:28] {Les} DIEEEEEEEEEEEE LVS

[11:28] {nemo} vrtx holding nicely

[11:29] {nemo} cat at 200 :)

[11:30] {Les} bp at yesterday's close

[11:31] {Threei} feels like we are going to break down and get some wave of selling

[11:31] {dino} gap fill maybe

[11:31] {RonS} faz play 3i?

[11:31] {Threei} looking at it, yes

[11:31] {jfjf64} hmm maybe start hunting shorts

[11:31] {Threei} pullback to about .50 - .55 would be safe way of entry

[11:32] {nemo} fas holding .45

[11:33] {Threei} dino's gap fill if materializes would give us FAZ run to about 16

[11:34] {Threei} if marker reverses down again from here, .70 break FAZ...

[11:34] {Threei} although pullback is still me preferred way

[11:34] {Threei} my

[11:35] {nemo} pirate in ya'

[11:35] {Threei} yeah, lol

[11:36] {Threei} if break comes firstg, stop under .60, and aiming for 1:2 - 1:3

[11:37] {Threei} SEC could oblige US states and local Govts to disclose additional information on their debt levels; may require bond isurers to discloses more information on bankruptcies

[11:37] {Threei} ok, pullback it is

[11:38] {Threei} in .56

[11:38] {Threei} stop under .50

[11:38] {Threei} not a scalp

[11:38] {dptl} in.58

[11:39] {Threei} 1:1 was easy

[11:39] {jfjf64} like that

[11:40] {jfjf64} very cocky

[11:40] {jfjf64} lol

[11:40] {jfjf64} TY

[11:40] {Threei} sure thing

[11:41] {Threei} we need SPY to break 108.50

[11:41] {Threei} and stop resisting its destiny

[11:43] {dptl} half out

[11:43] {Threei} half out here

[11:43] {Threei} good thinking dp

[11:43] {jfjf64} LVS C/H

[11:43] {jfjf64} ??

[11:43] {Threei} nah

[11:44] {dptl} stop .54?

[11:44] {Threei} yes

[11:44] {nemo} nah or yes?

[11:44] {Threei} choose

[11:44] {nemo} oh on stop

[11:44] {Threei} ok FAZ

[11:44] {Threei} break and run

[11:46] {jfjf64} here we go

[11:46] {Threei} 1/4 more near .80 and last portion .90 - .95 is the plan so far

[11:46] {Threei} out 1/4 more

[11:46] {dptl} out .78 some more

[11:46] {jfjf64} GOOOOOOOOOOOOOOO

[11:47] {dino} hmmm

[11:48] {Threei} we are at 1:6

[11:48] {dptl} stop?

[11:48] {Threei} the power of ideally timed aggressive entry

[11:48] {Les} thank you vad for showing me the way

[11:48] {Threei} learn while I am alive

[11:49] {Threei} {GGG}

[11:49] {Les} eat less bacon

[11:49] {Threei} no way

[11:49] {dptl} where the stop for the balance Vad?

[11:49] {Threei} there is no frikin way

[11:49] {jfjf64} and imm buyin new pair of blue suade shoes

[11:49] {Threei} no idea dp

[11:49] {dptl} lol

[11:49] {jfjf64} ty

[11:49] {Threei} seriously

[11:49] {jfjf64} ohh boy

[11:49] {dptl} under .70 i keep

[11:50] {Threei} it spiked so vertically that there is no reasonable support to trail to

[11:50] {jfjf64} not another lesson coming

06[11:50] * Threei slaps jfjf64 around a bit with a large frozen trout with jagged edges

[11:50] {jfjf64} lol

[11:51] {jfjf64} comon im not asking where stop goes

[11:51] {Threei} the only concession I am willing to make health wise is one glass of carrot juice a week... and even that is only out of respect to larisa

[11:51] {jfjf64} dptl needs slap

[11:51] {Threei} ok

[11:51] {dptl} why

06[11:51] * Threei slaps dptl around a bit with a large frozen bottle of Grey Goose with jagged edges

[11:52] {jfjf64} ty

[11:52] {Threei} dunno, ask jf

[11:52] {dptl} maaan

[11:52] {Threei} I am just happy to slap

[11:53] {strider} slap-happy?

[11:53] {dino} whippy

[11:53] {dptl} all out now...ty

[11:53] {Threei} welcome

[11:59] {jfjf64} lvs gettin ready

[11:59] {jfjf64} ??

[12:00] {Les} lucky I had a cover order on lvs at .03. that bastard just won't go down

[12:01] {Threei} chart looks right, but we need confifent market reversal to the upside for this to work

[12:02] {dino} and all we've done is dropped since 10:40ish

[12:03] {dptl} you mean .20 break lvs if market goes?

[12:03] {Threei} yes

[12:03] {RonS} dino, rimm 60.00 break = gap fill?

[12:03] {nemo} spy forming inverse H&S

[12:05] {dptl} in lvs

[12:05] {dptl} stop under .10

[12:08] {dino} ron, i hate rimm

[12:08] {strider} fern, is that you?

[12:08] {Threei} lol

[12:08] {nemo} good one

[12:09] {dino} dia cov .17, -.22

[12:10] {nemo} faz might bounce around here

[12:10] {dino} sni spikey

[12:11] {dptl} is anybodyelse in lvs?

[12:11] {nemo} not me

[12:12] {Les} is I say no?

[12:12] {Les} if

[12:13] {dptl} so i am alone in this....

[12:13] {dino} dwa

[12:13] {Les} no dp, long LVS .21

[12:14] {Les} forgot to shut off stop loss program. was short FAZ there a moment. out +.03

[12:14] {dino} out vrtx .85, +.40

[12:15] {ese} nice dino

[12:15] {ese} been following that but didn't get in

[12:16] {dino} ferts stink today

[12:16] {nemo} cute

[12:16] {dino} ty es

[12:16] {dino} dwa sm l .00

[12:17] {dptl} torcher

[12:18] {dptl} lvs

[12:18] {nemo} you mean torture?

[12:19] {dptl} yes that

[12:19] {nemo} ahhh, I was thinking you got burned by something

[12:19] {dino} lol

[12:19] {dptl} lol

[12:21] {Threei} that reminds me a search in Walmart for tiki torch, with a friend who spoke almost no English,

[12:21] {Threei} and was so excited when found them that he yelled "torch:" in russian, so half of Walmart heard him

[12:22] {Threei} jusy so you know, torch is russian sound like "fuckel"

[12:22] {Threei} shoppers were elated...

[12:22] {dptl} lol

[12:22] {Threei} many many heads turned to see where the named subject was

[12:22] {jfjf64} fuckel

[12:22] {dino} bazinga

[12:23] {nemo} ?

[12:23] {jfjf64} lvs

[12:26] {RonS} ...is BP winding up for a breakout from its channel?

[12:27] {RonS} just went

[12:27] {RonS} kinda

[12:28] {dptl} out lvs

[12:28] {RonS} sheesh...Part Owned by BP, Alyeska Pipeline Shuts Trans-Alaska System After Leaking Several Thousand Barrels 05/26 10:27 AM

[12:29] {dptl} +.03 lvs

[12:29] {Threei} (IT) Italy Union leader reportedly planning to call for a strike to take place in June

[12:29] {RonS} ...since they have July off...

[12:29] {Les} ditto dp. market support failing

[12:29] {nemo} August too, yeah

[12:30] {dptl} ye

[12:30] {Threei} and we have just a week left of may

[12:30] {Threei} June seems to be logical choice

[12:30] {Threei} AIG CEO: On track to repay the US for the assistance; currently expecting to complete sale of AIA, ALICO unit by year end

[12:31] {RonS} Federal Response Coordinator Approves BP's Top Kill Procedure 05/26 10:30 AM

[12:31] {RonS} ...were they gonna say no?

[12:31] {Threei} here comes daily dose of idiocy:

[12:31] {Threei} IT) Italy PM Berlusconi: Speculation helped to trigger current crisis

[12:32] {jfjf64} real meatball

[12:32] {Les} hehe Ron was that the Meth head or the guy screwing BP's executive who approved it?

[12:32] {RonS} i dunno bp strength...

[12:33] {Les} real class act, the Fed crew monitoring the oil industry

[12:33] {Les} This DefX for RAM seems to be doing the job Nemo

[12:34] {nemo} cool

[12:34] {Les} with Itunes running plus trading stuff still 1G free

[12:34] {nemo} yeah Microsuck and memory management

[12:35] {Threei} itunes is something vital to run during trading time, I understand

[12:35] {nemo} very perspicacious of you vad

[12:35] {Les} you taking the mickey out of me?

[12:35] {strider} insightful, too.

[12:35] {nemo} hehehehehe...I knew you'd pipe up Dunedin

[12:36] {Threei} sent me to a dictionary

[12:36] {strider} "curb prolix wherever you find it."

[12:36] {dino} i run music too

[12:36] {strider} maybe prolixity

[12:37] {nemo} perhaps sesquepedalian

[12:37] {dptl} is that english?

[12:37] {nemo} oops...sesqui...

[12:37] {nemo} of course dp

[12:38] {nemo} the only other language I speak is German

[12:38] {strider} well, super silly us.

[12:38] {Threei} BP string

[12:38] {Threei} strong too

[12:39] {strider} 12:32 EDT BP

[12:39] {strider} theflyonthewall.com: BP's "top kill" operation should be under way, Ken Salazar says

[12:39] {strider} Reported by Bloomberg. :theflyonthewall.com

[12:39] {nemo} if this doesn't work....oy frickin vay

[12:40] {RonS} ...BP still has not said they are going to do it...

[12:40] {Threei} heh... compare two nombers:

[12:40] {Threei} Italy PM Berlusconi

[12:40] {Threei} - sees 2012 budget deficit at 2.7%/GDP

[12:40] {Threei} - estimates that the black market economy is 22% of GDP

[12:40] {RonS} lol

[12:41] {Threei} is this cynic's delight or waht

[12:42] {Threei} mind-boggling: reining in just about 10% of underground economy would have covered budget deficit

[12:42] {RonS} bp re-cross 3i?

[12:42] {Threei} good management guys

[12:42] {Threei} I'd feel much safer with it 5-10 cents lower, rin

[12:43] {Threei} yep, like this

[12:43] {RonS} invalwoodated

[12:43] {Threei} in .81

[12:43] {nemo} ?

[12:43] {Threei} out half .87

[12:44] {Threei} stop to .79

[12:44] {Threei} remember our yesterday's discussion of major support levels to use for the entry zone?

[12:45] {Threei} .80 was one

[12:45] {ese} L sigm sm .55

[12:45] {Threei} out in full .94

[12:45] {Threei} nice and easy

[12:46] {ese} well done chief

[12:46] {Threei} and that's 20% of me larisa doesn't like?

[12:46] {Threei} crap, the rest 80 must be absolutely brillianrt

[12:46] {larisa} and why .80 was the one ?

[12:46] {Threei} look at 1 min, times:

[12:47] {larisa} not .85 not .90.. but .80 and .10 scalp :)

[12:47] {Threei} 11:47, then 12:28 to 12:32

[12:47] {Threei} then 12:37

[12:48] {Threei} kind of "surround" the .80

[12:48] {Threei} take it in fork

[12:48] {Threei} spike after breakjing it, then serves as support on pullback

[12:48] {Threei} another spike

[12:49] {Threei} so when hard pullback comes, this is where I am especially interested, it became natural sup[port

[12:50] {larisa} nah, not liking it still :) rather, not understanding.. when Ron says .85 and you say .05 lower, and it was dancing around it, beyond me :)

[12:50] {larisa} but you can have it :)

[12:50] {Threei} no, I was typing answer when it was jusyt above .90

[12:51] {Threei} so saying 5-10 cents lower I had in mind .80 - .85, and immediately added [12:43] {Threei} yep, like this

[12:51] {Threei} when it dropped while I typed

[12:52] {Threei} you are not understanding it for a simple reason larisa - it's not a matter of science, it's an art part... observe it to get a feel for it,

[12:53] {Threei} you will see that it works with a good percentage of success

[12:53] {Threei} not everything can be put in strict formula

[12:53] {Threei} what I outlined yesterday is as far as science part goes

[12:56] {larisa} to me it looks like scalp against the short term trend and i do not like it. but i admit, I am 98% science :) so please, let me be

[12:56] {nemo} whoa

[12:57] {larisa} you missed it nemo. yesterday we argued about it.. read the log, nice lecture by vad

[12:57] {larisa} i just do not get it :)

[12:57] {nemo} oh

[12:58] {Threei} yesterday's log from 13:00 nemo

[12:58] {dino} dwa stopped -.32

[12:58] {Threei} wow

[12:58] {Threei} CH) China Investment (CIC) President: France Govt has informed the CIC that its investment is not welcome within a particular company

[12:58] {Threei} - specific company is unnamed

[12:58] {dino} these gap open up days are not my thing

[12:58] {Threei} those are fighting words

[12:59] {Threei} want to see something funny?

[12:59] {Threei} look at XNPT,

[12:59] {Threei} now read:

[12:59] {Threei} XNPT Update: Price Target raised to $27 from $18 at Wedbush

[13:00] {Threei} thing is nowhere near 18, and shows no signs of going anywhere,

[13:00] {Threei} so they raise target to 27 thinking heck, maybe this way we could at least push it to 18

[13:10] {Threei} LVS... you guys dumped it before stop being hit why exactly?

[13:10] {nemo} no, I never got in it

[13:10] {dptl} market start looking bad at the time

[13:11] {Threei} some need to read on wu wei principle..

[13:12] {nemo} ?

[13:12] {dptl} ?

[13:12] {RonS} ...or Murphy...

[13:12] {strider} :)

[13:13] {Threei} non-interference

[13:13] {Threei} once trade is initiated, let it play out

[13:13] {Threei} you do not see the future

[13:13] {Threei} let nature take its course and don't think you know better

[13:13] {Les} what are we in?

[13:14] {dptl} ye but it almost touched 1:1 market turned around...so would it be wise to get out flat?

[13:14] {Threei} if you think of what robbed you of this profit in terms on your inner traits, ansdwer will be: arrogance

[13:14] {nemo} or fear

[13:15] {Threei} 1:1? it was .26 the highest

[13:15] {Threei} maybe .27

[13:15] {dptl} 28. 2c from 1:1

[13:16] {Les} no you are right Vad. I had hard stops in place. should have let it run. LVS has shown strength today, and I ignored that

[13:16] {Threei} here is criteria for you dp:

[13:17] {Threei} was it a level where you'd consider taking scalp or partialling out?

[13:17] {dptl} was thinking scalp (mid day)

[13:17] {Threei} if yes, why didn't you? if no, why consider it 1:1 for stop trailing purposes?

[13:18] {Threei} see how this contradiction confuses you and leads you to erroneous decision?

[13:18] {Threei} I'd understand this approach if it touched your exit level and you missed yopur chance for exit,

[13:18] {Threei} then yes, trail stop

[13:19] {Threei} because price has been at what you consider close enough to 1:1

[13:19] {dptl} i had my order waiting at .30....it hits .28, market start going down,so i thought it's better to get out

[13:19] {Threei} there you go

[13:19] {Threei} you didn't consider .28 close enough to exit

[13:19] {Threei} but thought of it as close enough to trail?

[13:19] {Threei} makes no sense to me

[13:20] {dptl} it just happend so fast

[13:20] {Threei} it may seem insignifican dirrence to you simply because it's just 1-2 cents

[13:20] {Threei} but we are talking about the idea

[13:20] {RonS} ...must be some kinda strike...Frog horde closes major highway in northern Greece

[13:20] {Threei} yes, fast BUT:

[13:20] {nemo} ahhh the plagues have started

[13:21] {Threei} .28 wasn't a level you thought of exiting at and simply missed because it was fast

[13:21] {Threei} see my point?

[13:21] {Threei} lol nemo, what's next, locusts?

[13:21] {nemo} no

[13:21] {Threei} darkness?

[13:21] {nemo} Charleton Heston rises from the grave

[13:22] {Threei} I forgot

[13:22] {strider} all the wine is going to turn into water.

[13:22] {strider} vodka too.

[13:22] {nemo} that sucks

[13:22] {larisa} lol

[13:22] {nemo} world goes to hell and I have to be sober! WTF!

[13:23] {nemo} Water to blood Frogs Lice Flies Sick Animals Boils Hail Locusts Darkness Death of First Born

[13:24] {nemo} add #11 stupidest politicians in history

[13:24] {strider} dandruff

[13:24] {nemo} crabs

[13:24] {dptl} i thought you would trail it to break even after it touched 1:1,so when it almost did,i trailed it

[13:25] {Threei} yes

[13:25] {Threei} but you define "almost" too loosely

[13:25] {nemo} FAS break here Vad?

[13:25] {Threei} I gacfve you criteria what to consider close enough to 1;1

[13:25] {Threei} please read carefully what I said

[13:26] {nemo} [13:25] {nemo} FAS break here Vad?

[13:26] {Threei} looks like...

[13:26] {Threei} .87

[13:26] {Threei} in holding .80 from now on

[13:26] {nemo} in=if?

[13:28] {nemo} volume dropping

[13:30] {nemo} oh well

[13:30] {Threei} invalidated

[13:34] {Les} vad lvs .35?

[13:34] {nemo} big bid fas .80

[13:34] {nemo} not sure what that means for a stock like fas

[13:34] {Threei} I don't have a read on the market here, Les

[13:34] {Threei} stalemate

[13:34] {Threei} chart itself is right

[13:34] {Threei} market support is a big if

[13:35] {magoo} any read WFC here vad?

[13:36] {Threei} no...

[13:37] {magoo} wow..blunt

[13:37] {RonS} gs strong, pushing fas

[13:38] {Les} took it and out lvs +.09

[13:39] {dino} elx l .00

[13:39] {dino} stop .89

[13:43] {dptl} ye i see your point Vad..

[13:43] {Threei} (MX) Mexico deputy central bank gov Sanchez reiterates EU crisis should not slow Mexico economy

[13:44] {Threei} ummm... okay then...

[13:44] {Les} no

[13:44] {Threei} I also am sure that Brasilian recovery should not influence Mongolia very much

[13:44] {Les} drug trade is all american

[13:45] {dptl} long ceg .02

[13:46] {dptl} offering last peice .27

[13:46] {Threei} like 20 cents lower?

[13:46] {dptl} ye

[13:46] {Threei} thanks for telling us now :)

[13:46] {nemo} yeah, was thinking the same thing

[13:46] {dptl} was reading your comment

[13:46] {nemo} slap him with something vad

[13:47] {dptl} sorry

[13:47] {nemo} insufficient

[13:47] {Threei} yeah, I am not a believer in sorry eiother

[13:47] {nemo} I believe in expropriation

[13:47] {Threei} I believe in sufficient, cruel and merciless punishment

[13:48] {dptl} vodka?

[13:48] {Threei} hmmm

[13:48] {Threei} that could do

[13:48] {dptl} deal

[13:48] {nemo} well, you know I'm in that camp too Vad

[13:48] {Threei} we ahve a problem here nemp

[13:48] {Threei} nemo

[13:48] {nemo} send $40US to my paypal account and I'll get a big bottle of Ketel 1

[13:48] {Threei} dp is a believer in bribing

[13:48] {nemo} I'm a believer in beating

[13:49] {Threei} and that's where problem lies

[13:49] {dptl} i've been rased in ussr

[13:49] {Threei} if he offers a bribe in order not to be beaten... I am inclined to accept it

[13:49] {Threei} you can always threaten beating again in the future

[13:49] {nemo} o.k...(wish I could remember my paypal account)

[13:49] {Threei} so why not accept a bribe now

[13:49] {nemo} true

[13:50] {Threei} CEG meanwhile is close enough to .27

[13:50] {nemo} but, there is some fun in pugilistic endeavors

[13:50] {dptl} out

[13:53] {Threei} (US) Colorado State Univ: June 2nd hurricane report will state that US faces a "hightened threat" of an above-average 2010 hurricane season

[13:53] {dptl} pugilistic endeavors???...more and more i see that i don't know english at all

[13:53] {nemo} english may be the largest language

[13:54] {Threei} pugilism (pyj-lzm)

[13:54] {Threei} n.

[13:54] {Threei} The skill, practice, and sport of fighting with the fists; boxing.

[13:54] {dptl} ty :)

[13:55] {Threei} not when it comes to sophisticated multi-level and mutli-dimensional swearing, nemo

[13:55] {nemo} huh?

[13:55] {Threei} English is a kindergarten affair in that department

[13:56] {Threei} Long Setup: FAS

[13:56] {nemo} I don't know about that, we have the same words, and when I worked with the military, I met some true scatologically profane artists

[13:56] {Threei} crap

[13:56] {Threei} to late

[13:57] {nemo} truly

[13:57] {Threei} trust me... not even in the same city as Russian, let alone vicinity

[13:57] {Les} cool. would like to learn that

[13:57] {Threei} ok

[13:57] {Threei} FAS

[13:57] {Threei} .01

[13:57] {Threei} if holding .95

[13:57] {Les} in

[13:57] {Threei} what in?

[13:58] {Threei} didn't cross back

[13:58] {nemo} it's Les

[13:58] {Threei} come on

[13:58] {Les} crap, thought you were in when you printed .01

[13:58] {Threei} day of talking

[13:59] {nemo} maybe fas long break of .95 high volume hammer

[13:59] {nemo} bounced right at support

[14:00] {ese} catch you all tomorrow...still long sigm

[14:00] {Threei} take care ese

[14:00] {ese} cya vad

[14:00] {RonS} cya ese

[14:05] {dino} elx stopped -.11

[14:05] {dino} cya es

[14:06] {Threei} PIMCO's Bill Gross: Greek debt restructuring likely one or two years down the road; risk is the potential domino effect - TV interview

[14:06] {nemo} 2 years....like 2012?

[14:12] {strider} WFC breaqk of .50?

[14:12] {Threei} probably

[14:13] {nemo} fas bounce around here, 200 at .73?

[14:13] {strider} missed it.

[14:13] {nemo} oh yeah, look at the capitualtion candle

[14:14] {Threei} top kill operation has began... going to take 10 to 12 hours to determine whether successful

[14:14] {nemo} capitulation

[14:17] {nemo} fas holding, but could this be a two way if it loses .79, or breaks .75?

[14:18] {Threei} I don't see it asa play either way

[14:18] {Threei} just no setup

[14:19] {nemo} well, woulda' been 1:2

[14:21] {Threei} irrelevant to me if I don't see a clear play

[14:21] {Threei} accidental (not readable in terms of my system) move can come any time in any direction and of any size

[14:23] {Threei} (CH) China reviewing EuroZone bond holdings -FT

[14:23] {Les} wow was going to suggest WFC .40 break down, but bit late to the party

[14:23] {Threei} there... short at .87 with stop at .91 would have yeiled 1: gazillion here {G}

[14:24] {Threei} no way les

[14:24] {Threei} we talked about WFC short at .50

[14:24] {Threei} that was valid play

[14:24] {Threei} now it dropped to .40 in one vertical swoop

[14:24] {Threei} why would want to enter short?

[14:25] {Threei} come on guys, what's with ignoring the spikes when considering entries?

[14:25] {Threei} yesterday it was someone on a long side

[14:25] {Threei} oh wait, it was les too

[14:26] {nemo} Oh interesting, NYC has approved the building of a mosque on the 9/11 site

[14:26] {Threei} political corretcness gone mad?

[14:26] {RonS} ...near it...and 13 stories high...

[14:27] {Threei} (CH) China's SAFE reviewing EuroZone bond holdings - FT

[14:27] {Threei} - notes that SAFE holds approx 630B in Eurozone bonds and has been meeting with foreign bankers and had voiced concern on PIIGS

[14:27] {Threei} - a representative from SAFE has refused comment

[14:27] {Threei} - highlights that analyst have noted that SAFE would rarely trim its existing holdings due quantity of new money it must invest monthly

[14:27] {RonS} lol...SAFE

[14:31] {RonS} eur/jpy re-testing lows of day...breaking 110.00

[14:32] {dino} hitk sm l .15

[14:34] {Threei} one regret is not looking into FAZ around .40

[14:34] {RonS} euro lod's

[14:34] {Threei} from 14:00 to 14:10...

[14:34] {Threei} was a good moment to start participating in downtrend

[14:40] {Threei} Lithium Batteries is a Growing Swallowing Hzard

[14:40] {Threei} Darwin... I say l'et it work

[14:40] {Threei} just protect kids

[14:41] {nemo} nah...they grow up to be morons too

[14:41] {Threei} the rest can swallow batteries all they want as far as I am concerned

[14:41] {Threei} well, give them a chance

[14:41] {Threei} if they grow up as morons, they will swallow those same batteries

[14:41] {nemo} just look at the parents

[14:43] {nemo} possible DB fas?

[14:43] {dino} some day we'll run on batteries

[14:44] {dino} gap fill coming

[14:44] {Threei} I came up with the next big headline: Producing more batteries and diseeminating them freely is looked at as a method of increase of the average level of intelligence

[14:44] {Les} hmm

[14:45] {strider} and encourage the use of the buzzword "leadhead".

[14:45] {Les} could be on to something there

[14:46] {Threei} selling feels far from over

[14:46] {Threei} not liking that FAS idea nemo

[14:47] {Les} no db for fas?

[14:47] {nemo} nope

[14:47] {Les} death it is...

[14:48] {dino} ndx filled

[14:49] {dino} back in 15, prepare for market drop

[14:50] {Threei} Long Setup: FAS .80 break

[14:50] {Threei} stop under .75

[14:50] {nemo} .80???????

[14:50] {Les} ?

[14:50] {Les} faz

[14:50] {strider} what?

[14:50] {nemo} you mean faz

[14:50] {Les} ?

[14:50] {Threei} FAz

[14:50] {Threei} grr

[14:50] {Threei} sorry

[14:51] {Threei} crap, 1:1

06[14:51] * nemo slaps Threei around a bit with a large heavy something

[14:51] {dptl} sorry??lol

[14:51] {nemo} sorry?

[14:51] {nemo} good point dp...you don't have to send him vodka now, but I still expect mine

[14:51] {dptl} lol....

[14:52] {nemo} frickin' nimrod

[14:52] {nemo} not smart...another cup of coffee with chocolate

[14:52] {Threei} probably reversal time

[14:53] {Threei} not taking FAZ again

[14:53] {Threei} watching WFC for bounce instead

[14:53] {Threei} .30 break if holding .20

[14:53] {Les} grabbed .04 of faz

[14:53] {nemo} of what?

[14:54] {nemo} you mean fas?

[14:54] {nemo} no

[14:54] {nemo} .04 of what?

[14:54] {Threei} APOL Weakness attributed to circulation of document dated 5/24 from US Dept of Education on review of serious concerns about the Higher Learning Commision

[14:54] {Les} it's bloody written there ya frickin sheila!

[14:54] {nemo} oh .04 profit

[14:55] {Threei} ashes of dawg knowk in les's heart?

[14:55] {Threei} knock

[14:55] {Les} only when Nemo speaks vad

[14:55] {Threei} oh

[14:55] {Threei} understandable them

[14:55] {Threei} then

[14:55] {Threei} Long Setup: WFC .25 break

[14:55] {Threei} if holding .20 for scalpers

[14:55] {Threei} .15 for day traders

[14:57] {Threei} 1:1 for scalpers

[14:57] {magoo} keep calling them boss, im still RED

[14:57] {Threei} sheesh... dp the second

[14:57] {dptl} out 1:1 ty

[14:58] {Threei} they dig themselves a hole, I must dig them out, lol

[15:00] {dino} last try micc sm l .24

[15:01] {Threei} 1:1 for day traders

[15:01] {Threei} like fish in a barrel

[15:01] {Les} yeh getting the hang of laser. grabs shares quick. not too shabby

[15:02] {magoo} quit brahggin and keep shooting HE HE

[15:02] {dino} back in 10

[15:02] {Threei} no kidding? not much slower than IB?

[15:02] {nemo} ow

[15:02] {Threei} lol mags

[15:02] {Threei} let me enjoy the 30 seconds of self-directed limelight

[15:02] {Les} IB wasn't bad perse vad

[15:03] {nemo} quit while you're behind Les

[15:03] {Les} ok

[15:03] {Threei} lol

[15:04] {nemo} 5 year auction had record percentage taken by direct bidders....not good

[15:06] {nemo} fas an faz bounced right at the trend lines

[15:07] {Threei} FAS, I'd be delighted by drop under .30 for recross

[15:07] {nemo} don't think so

[15:08] {Threei} ok... .35?

[15:08] {nemo} works for me

[15:08] {Threei} here we go

[15:08] {nemo} then again selling is picking up

[15:08] {nemo} nice

[15:08] {Threei} don't care

[15:08] {Threei} .32 in, .42 out

[15:09] {Threei} faster than I could say mama

[15:09] {nemo} The vadster strikes

[15:09] {Threei} like young pioneer in USSR, "Always ready"

[15:10] {Threei} this time should dive deepr

[15:10] {nemo} you mousing, or hot keys

[15:10] {nemo} ?

[15:10] {Threei} mouse

[15:10] {Threei} but my way is:

[15:10] {RonS} ...w/ the way he types?...lol

[15:10] {Threei} I have .35 in price window

[15:11] {Threei} rofl Ron, good point

[15:11] {Threei} and I use it on both sides

[15:11] {Threei} click buy when price is .31

[15:11] {Threei} click sell when price is .43

[15:11] {nemo} ahhhhhhhhhhhhhhhhh

[15:11] {nemo} so your order gets pushed to the front

[15:11] {Threei} why change it to exact price?

[15:11] {Threei} of course

[15:12] {nemo} no flies on you

[15:12] {Threei} when you understand how roouting works, you can do it efficiently

[15:12] {dptl} i do the same

[15:12] {nemo} so even though your sell order is .35 when the price is in the .40's you get that

[15:13] {strider} how is that different from using market order?

[15:13] {nemo} dp, all I care about is the money in my paypal account for the vodka

[15:13] {larisa} you are protected by .35 :) can not go lower

[15:13] {nemo} affects the rebate probably

[15:13] {Threei} strider, just limits the amount you are willing to chase to

[15:13] {Threei} imagine:

[15:13] {Threei} stock is at .31

[15:13] {Threei} you click buy right when for somereason offers disappear

[15:14] {Threei} market order may get you in too far up,

[15:14] {Threei} while limit .35 limits the amount of chasing

[15:14] {strider} what about the exit?

[15:15] {Threei} I simply do not bother with changing prices when I do this kind of rapid trading

[15:15] {Threei} nor changing buttons

[15:15] {Threei} I usually sell into strength

[15:16] {Threei} so I don't normally run a risk of chasing too far down

[15:17] {Threei} not sure about another round here

[15:17] {Threei} a bit too nervous tgrading

[15:24] {nemo} fas just about to hit closing price

[15:24] {nemo} gap fill....as dino woul say

[15:24] {Threei} yup

[15:25] {nemo} bounce?

[15:25] {Threei} no setup for one

[15:25] {nemo} nope

[15:25] {nemo} lotta' volume coming in though

[15:26] {Threei} this is not your usual selling

[15:26] {dino} what the

[15:26] {Threei} no bounce play in plans for me

[15:27] {dino} s/p filled

[15:27] {nemo} under 10k

[15:27] {Threei} looks nasty

[15:27] {Threei} no news

[15:27] {nemo} wow

[15:28] {Threei} [15:26] {Threei} this is not your usual selling

[15:28] {Threei} stay away

[15:28] {nemo} so...we gonna' start talking about the fas/faz cross?

[15:28] {Threei} this can end in huge selloff of huge bounce

[15:28] {Threei} no way to tell

[15:32] {dino} last hour craziness, sheesh

[15:33] {Les} so when we talk about gap fills

[15:34] {Les} we talking about the gap this morn?

[15:35] {dino} we filled

[15:35] {Les} ok, so a gap fill can be as quick as one session

[15:37] {dino} yes, just a simple fill, no matter how long

[15:38] {dino} gut says up

[15:39] {dino} dwa sm l .19

[15:40] {nemo} shrek hasn't gone so well

[15:41] {nemo} so does faz bounce at it's close or keep going down

[15:41] {Threei} I have no faintest clue

[15:41] {nemo} use the force

[15:42] {nemo} throw some chicken bones

[15:42] {dino} yoda says...lol

[15:42] {Threei} can't... colonel Sanders dropped by yesterday, no leftovers after that guy

[15:43] {nemo} I remember when that guy was alive

[15:44] {Les} I only remember when they wiped his face of restaurant logo

[15:44] {nemo} yeah...KFC

[15:44] {patience} you should see how well KFC is doing in china, on every corner, packed with huge lineups

[15:44] {patience} it is 'the' place to be with younger people

[15:44] {dino} yum brands

[15:45] {nemo} yep

[15:45] {Les} I can imagine that patience

[15:45] {Les} remember once scratching my throat with chicken bone in Rangoon

[15:45] {Les} thought it was lodged and was panicking

[15:46] {Les} shit, military state and looking for a hospital

[15:46] {Les} nice people though. worked out fine

[15:46] {patience} we should buy surveiollance camera stocks

[15:47] {patience} i was in remote areas, in the mountainhs 10 kilometres from tibet

[15:47] {patience} there were cameras there, amazing

[15:47] {dino} out dwa .25, +.06

[15:47] {Les} get rid of military govt, and I will push missus to live here:

[15:47] {Les} http://www.fotolibra.com/gallery/23691/myanmar-bagan-1/like/

[15:49] {dino} this market is like trading a week in a day

[15:52] {Les} I see time is up

[15:52] {Les} outta here. c u's tomorrow

[15:53] {RonS} c use tues. gotta go to hi for a graduation.

[15:53] {nemo} Have to go to Hawaii...what a bitch

[15:53] {RonS} somebody has to do it

[15:54] {Threei} lol

[15:54] {Threei} take care Ron

[15:55] {dptl} have a good evening all...see ya tomorrow

[15:57] {Threei} take care dp

[15:59] {nemo} gonna' end near the lows

[15:59] {dino} cya ron, dp

[15:59] {dino} les

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {larisa} bye all

[16:06] {dino} gn all

May 20 2010

One of the best trading days in a while, rich in opportunities and readable enough to use many of them. Longs and shorts, a few scalps but mostly nice juicy moves, in many stocks: LVS, X, BP, BIDU and a few more.

Session Time: Thu May 20 00:00:00 2010

[08:29] {magoo} morn

[08:29] {Threei} mornng

[08:30] {strider} magoo, vad.

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 471K V 440KE;

[08:30] {Threei} strider :)

[08:30] {strider} :)

[08:30] {Threei} CONTINUING CLAIMS: 4.625M V 4.60ME

[08:30] {Threei} - Prior initial claims revised higher from 444K to 446K

[08:31] {Threei} Prior continuing claims revised higher from 4.627M to 4.665M

[08:31] {nemo} AWIAV?

[08:32] {Threei} lol

[08:33] {nemo} never know

[08:35] {magoo} how many days red we been now, anyone?

[08:35] {Threei} bounce topped on 5/12

[08:36] {magoo} but mkts red alot of days straight, correct?

[08:36] {nemo} 5

[08:36] {magoo} 8?

[08:36] {nemo} go to daily chart of spy

[08:36] {Threei} and, foreseing next question: todat is 5/20 {G}

[08:37] {magoo} whats todays date?

[08:37] {Threei} hehe

[08:37] {magoo} :)

[08:39] {dptl} good morning

[08:39] {Threei} dp :)

[08:43] {Les} bonjour messieurs et mesdames

[08:43] {Les} and nemo

[08:43] {Threei} Les :)

[08:44] {Threei} SP) Reportedly Spain government wants to approve new tax increases on wealthy in a fortnight - radio address

[08:51] {Threei} German 10-year Bunds European peripherals credit default swaps widen in session

[08:51] {Threei} - Greek 5-year CDS at 690bps, up 20 bps from Wednesday close

[08:51] {Threei} - Portuguese 5-year CDS at 310bps, up over 30bps from Wednesday close

[08:51] {Threei} - Spanish 5-year CDS at 200bps, up almost 20bps from Wednesday close

[08:53] {magoo} vad, is there news MA V?

[08:57] {Threei} Yesterday 17:30 V Spokesperson: CEO Saunders travels to Washington DC to meet with legislators on card fee amendment

[08:57] {Threei} that's all

[08:58] {Threei} TTIL Responds to media reports regarding potential transaction; currently in negotiations regarding a potential acquisition of all the shares of the Company (2.40, 0.00, 0.00%)

[08:59] {Les} nice gap down day. cool. a dino day

[08:59] {Threei} LVS Next Phase of COTAI STRIP Development on Track With Completion of $1.75 Billion Project Financing \

[09:03] {magoo} gap down gives us better chance trhan gap up..i agree

[09:03] {Threei} true

[09:03] {Threei} but which way? :)

[09:03] {nemo} rumor going around that the german short ban may be adopted across the eu

[09:04] {Threei} because it worked so well so far eh

[09:04] {nemo} of course

[09:04] {Threei} lol

[09:04] {Threei} if money flee germany for Swiss after ban,

[09:04] {larisa} gm :)

[09:04] {Threei} where does money go if ban becames pan-Europe?

[09:04] {Threei} larisa :)

[09:05] {Threei} hello another USD moonshot, good bye Euro, I'd guess

[09:05] {Les} hey hey hey who you calling Europe?

[09:05] {Les} all roads lead to switzerland

[09:05] {dino} gm all

[09:05] {Threei} dino :)

[09:05] {Les} for those that have money anyway

[09:05] {Threei} when ideology drives decision-making process...

[09:06] {nemo} I remember having a job interview in the early 90's and the woman was all gung ho on the EU. I said it would never survive. She looked at me as if I had two heads

[09:06] {RonS} howdy pards

[09:06] {Threei} well, to be fair to her...

[09:06] {Threei} ron :)

[09:06] {Les} hehehe

[09:06] {nemo} fair

[09:06] {nemo} what's fair

[09:07] {larisa} fair is when you get what you think you deserve :)

[09:07] {Threei} it's OK, I'll let Les finish that sentence for me {G}

[09:07] {dino} whats ironic is last summer and fall the talk was getting rid of us $ as reserve currency

[09:07] {Threei} no kidding dino

[09:07] {Threei} and we said no way

[09:09] {Les} seems jobless numbers behind this gap down

[09:10] {Threei} no, it was solidly in the red before

[09:10] {Threei} job numbers just deepened it

[09:11] {Les} ok

[09:12] {Threei} GE) German Bank Association Head: Short selling ban useless; it makes multinational solutions on regulation more difficult

[09:13] {Threei} politics: ah, he is a damn bankster, why listen to him

[09:13] {RonS} teva is catching a bid this a.m.

[09:14] {Threei} Yesterday 15:50 TEVA Announces Launch and Shipment of Generic Lipitor Tablets in Canada

[09:14] {Threei}

[09:15] {Threei} and upgrade by Standpoint this morning

[09:18] {Les} news IRE vad?

[09:19] {RonS} Category: what are these guys smoking: ECB's Trichet says recent events confirmed ECB policy approach; not engaged in "any form of quatitative easing".

[09:19] {shorty} morning all

[09:19] {Threei} shorty :)

[09:20] {Les} he's playing confidence game Ron. ECB said no sovereign debt purchases 6 months ago

[09:20] {Threei} not specifically Les, just general blabbing around Ireland and whole Europian situation

[09:20] {Les} now its debt to be sterilized

[09:20] {magoo} vad, stalking the usuals?

[09:21] {shorty} some comedy: http://www.youtube.com/watch?v=1gq7J71VsDM

[09:22] {Les} nothing funny about the truth shorty

[09:22] {Threei} I think so mags

[09:22] {RonS} ...it is really tragedy shorty...

[09:22] {Les} :D

[09:24] {dino} fdx, fcx, clf

[09:26] {lasertrev} good morning

[09:27] {Threei} ok, no opening plays, want to skip first minutes while it's hectic and unreadable

[09:27] {shorty} Threei, you should be happy. The loonie lost 2 cents this morning.

[09:27] {Threei} trev :)

[09:27] {Threei} I am

[09:27] {Threei} I'd be even happier seeing it back to .60

[09:27] {shorty} Those were the days.

[09:27] {Threei} now, before we open, let me treat you to this:

[09:27] {Threei} There was this language translating program early in the CIA computer experience, having got their translator to convert English to Russian, and back from Russian to English, they thought they'd give this application a trial.

[09:28] {Threei} The phrase they chose was 'The spirit is willing but the flesh is weak.'

[09:28] {Threei} They got back 'The vodka is good but the meat is rotten'

[09:28] {shorty} lol

[09:28] {Threei} EU) French Fin Min Lagarde: The EU remains united in its determination to defend the euro

[09:29] {Les} little wonder we didn't have World War 3 with translations like that

[09:30] {dino} ndx gap filled

[09:31] {Threei} Long Setup: LVS .60 break

[09:31] {RonS} ...slow tape...interesting and scary

[09:32] {Threei} if stays above .50

[09:32] {Threei} 1:1

[09:33] {strider} out +.12

[09:33] {Threei} 1:2, out

[09:33] {shorty} Missed it, on the phone.

[09:34] {nemo} I couldn't do it, I've been killed by LVS lately :)

[09:34] {Les} l IRE .86

[09:34] {Threei} CFTC's Gensler: Large volume of orders on May 6 could have confused algorithmic traders on liquidity

[09:34] {Threei} - aiming to review electronic trading platforms to determine whether there are market safeguards in place

[09:34] {Threei} - must ensure trading algorithns do not place a threat to fair markets

[09:34] {Threei} idiot

[09:35] {Threei} (US) SEC's Schapiro: Probing the shorting of ETFs, looking at whether market participants met their obligations during the "flash crash"

[09:35] {Threei} - Looking at consistancy in exchange "self-help" practices

[09:35] {Threei} - Notes she is "deeply concerned" about the effects volitile markets had on retail investors

[09:35] {RonS} nok broke 10

[09:36] {Threei} CME Chairman: Calls on authorities to re-evaluate market-wide equity circuit breakers, calls high-frequency trading an important part of the market - prepared Congressional testimony

[09:36] {Threei} - Warns that regulatory burdens on high-frequency trading may drive business to Europe

[09:36] {nemo} that's impressive LVS morning star followed by an evening star

[09:36] {strider} V strong

[09:37] {nemo} and volatile

[09:37] {Les} teva on this pullback vad?

[09:37] {Threei} crrrrrap

[09:37] {nemo} ?

[09:37] {Threei} was watching X for 47.80 break

[09:37] {nemo} wow

[09:38] {Threei} looked away for a fraction of second

[09:38] {nemo} shoulda' told somebody

[09:38] {Threei} wait for me, I need to go shoot myself

[09:38] {Threei} OK, back

06[09:38] * nemo slaps Threei around a bit with a large lead pipe

[09:38] {Les} out IRE +.13

[09:38] {Threei} ty

[09:38] {nemo} yw

[09:39] {Les} Vad teva .90 break out? or possibly break down?

[09:39] {Les} 2 way play

[09:39] {Threei} breakdown seems better way to me

[09:40] {Les} s .74

[09:40] {Threei} X

[09:40] {Threei} back down

[09:41] {strider} Laser 50% CPU

[09:41] {Threei} half lot long .85

[09:41] {strider} 35-50

[09:41] {Threei} if stays above .70

[09:42] {Threei} invalidated, modofication watch

[09:42] {Les} out teva +.10 ty

[09:42] {Threei} sure

[09:43] {Les} l x .51

[09:43] {Les} out +.11

[09:43] {Les} shit yyyyyyyyyyyyeh

[09:43] {strider} Laser freezing up again.

[09:43] {Threei} fine here

[09:43] {nemo} me too

[09:43] {Les} I feel the need, THE NEED FOR SPEEEEEED!

[09:43] {_york1} Good Morning

[09:43] {strider} few seconds at a time, then breaks free.

[09:43] {nemo} damn dialup

[09:43] {Threei} morning york

[09:44] {nemo} alas poor york

[09:44] {Threei} X is way too fast for timely call at the moment

[09:44] {Threei} possible to play, impossible to call

[09:44] {Les} on the sidelines now. waiting for something solid

[09:44] {nemo} have to go skype

[09:45] {nemo} x

[09:45] {Threei} don't even

[09:45] {nemo} :)

[09:45] {Threei} LVS on watch for a second play

[09:46] {dino} sm l fcx .01

[09:47] {nemo} nice one dino

[09:47] {dino} lucky

[09:47] {dino} up or down?

06[09:47] * nemo slaps dino around a bit with a large horshoe

[09:47] {dino} lol

[09:47] {nemo} oops

[09:48] {Threei} LVS, want to see a sharp drop

[09:48] {Threei} to at least .60 -.65

[09:49] {dino} ups sm l .04

[09:49] {strider} dcc trev

[09:50] {Threei} LVS got away this time

[09:50] {Threei} breakout was last thing opn my mind, honestly

[09:50] {Threei} just not a good risk/reward

[09:52] {strider} nemo, dcc

[09:52] {dptl} l sid .77

[09:52] {Threei} BP,

[09:52] {nemo} strider dcc

[09:52] {Threei} pullback to about .70 for long

[09:53] {nemo} I was thinking about rimm break of .10 but didn't like the .20 stop

[09:55] {shorty} Threei, ARUN. Slow though.

[09:56] {Threei} BP, a bit more

[09:57] {Les} teva .80 break

[09:57] {Les} ?

[09:57] {Threei} I doubt it

[09:58] {Les} ok

[09:58] {Threei} ok, BP, watch for stabilization and recross

[09:58] {Threei} synchoronize with SPY

[09:59] {strider} recross .80?

[09:59] {Threei} yes

[10:00] {Threei} this one no go

[10:00] {Threei} need anopther range

[10:01] {Threei} EU) EURO ZONE MAY ADVANCE CONSUMER CONFIDENCE: -18 V -16E

[10:01] {Threei} US) APRIL LEADING INDICATORS: -0.1% V 0.2%E

[10:03] {dptl} stopped sid -.10

[10:04] {Threei} where did you get that SID...

[10:04] {dptl} .77

[10:04] {Threei} not what I mean, lol

[10:04] {Threei} just some strange play, totally out of character of the market at the moment

[10:05] {nemo} wow v

[10:05] {dptl} looked ok consol. and then broke

[10:05] {Threei} yes... but is it a breakout market?

[10:06] {dino} out fcx .clf sm l .75

[10:07] {shorty} looking at UPS dino, I am not in, but nice one.

[10:07] {dino} ty

[10:07] {dino} fcx out was .65, +.64

[10:07] {larisa} it was perfect entry on FCX

[10:08] {nemo} bounce right at pivot support

[10:08] {shorty} I picked a bad morning not to follow you. I had good reason, I have to leave soon.

[10:08] {dino} out ups .44

[10:08] {dino} +.40

[10:09] {dino} clf stopped -.31

[10:09] {Threei} TM US auto safety official: no evidence of continuing accelearation problems after fix

[10:09] {Threei} like I said... they throw stuff at the ewall and see what sticks

[10:10] {Les} bp has that sinking feeling

[10:10] {Les} get it? sinking...

[10:10] {dptl} xlnx?

[10:10] {Threei} market seems to be preparing for breakdown and whoosh

[10:10] {jfjf64} met s

[10:11] {Les} breakdown and woosh as in bounce?

[10:11] {Les} or whoosh down?

[10:11] {Threei} down

[10:11] {jfjf64} hold .65

[10:11] {Threei} that's the toilet sound

[10:11] {dino} lol

[10:11] {jfjf64} 5 min

[10:12] {nemo} s .48 jf?

[10:12] {jfjf64} y

[10:12] {jfjf64} lv trend line

[10:13] {dptl} xlnx?breakdown?

[10:13] {Threei} no idea

[10:13] {nemo} got outside inside Bollingers now jf

[10:13] {dptl} short xlnx .59

[10:13] {Les} ditto dp

[10:14] {dino} lod

[10:14] {jfjf64} yeahhhhhhhhhhhhhhhhhhh

[10:15] {dptl} out +.10

[10:15] {shorty} That was fun. TY dptl

[10:15] {Threei} MET's nice too

[10:15] {jfjf64} +14 met

[10:16] {jfjf64} nemo ya with me

[10:16] {Threei} cool beans... I throw in next market direction, you find plays

[10:16] {nemo} yep, ty

[10:16] {Threei} see the woosh? hear the woosh?

[10:16] {nemo} feel the whoosh, be the whoosh

[10:16] {Threei} lol

[10:16] {jfjf64} sellllllllllllllllllllllllll

[10:17] {nemo} you mean buy

[10:17] {nemo} ?

[10:17] {Threei} it's far from over

[10:17] {Threei} little bounce, then another leg down

[10:17] {Threei} btw, for scalp type I players, see TZA,

[10:17] {Threei} inverted ETF

[10:18] {Threei} long on market breakdowns

[10:18] {jfjf64} look at met

[10:18] {dino} who is john galt?

[10:18] {Threei} MET is a beaut

[10:18] {jfjf64} im a dope

[10:18] {nemo} why?

[10:19] {jfjf64} sold to early

[10:19] {Les} out xlnx +.18 nice score dp ty

[10:19] {magoo} V wont fa;ll

[10:19] {dptl} :)

[10:19] {Threei} wtg guys

[10:19] {dino} gj

[10:19] {Les} wow teva cliff dive

[10:20] {strider} out BP short cover +.20 +.30

[10:20] {nemo} wonder if they'll be hitting the circuit breakers today :)

[10:21] {Threei} wtg strider

[10:21] {strider} ty:)

[10:21] {Threei} who outtaxes whom:

[10:21] {Threei} (US) Congressional Democrats propose $0.08 increase in oil spill fee

[10:21] {Threei} - Reminder: on 05/12 the US administration proposed a tax increase of $0.01/bbl on US oil to bolster fund for oil spill clean up operations; would raise tax to $0.09 from current $0.08/bbl tax.

[10:21] {dino} fdx sm l .tax tax tax

[10:22] {dino} .00 fdx sm l

[10:24] {nemo} oh boy, hitting the double diamond slopes now

[10:25] {dino} b=day

[10:25] {nemo} ?

[10:25] {dino} -317

[10:25] {nemo} look at the vix

[10:25] {strider} V holding

[10:25] {dino} fcx sm l .65

[10:26] {nemo} yeah, watch that be a bull flag

[10:26] {nemo} dino, fcx probably dropping to 62.80 or so

[10:27] {dino} thx

[10:27] {larisa} good way to boost confidence after dino already entered :)

[10:28] {dino} :O

[10:28] {larisa} lol

[10:28] {nemo} having said that, lotta' volume came in on the spy so, maybe a bottom

[10:29] {nemo} Lari, I don't think Dino has issues with confidence

[10:29] {Threei} temporary at least, seems to be here, yeah

[10:31] {dino} giddy-up time

[10:31] {Threei} GE) German Fin Min: Need orderly insolvency procedure for member States

[10:31] {Threei} - Cannot have an EU aid package everytime

[10:32] {Threei} (GR) IMF: It could take some time before the markets understand Greece measures are credible

[10:32] {Threei} - notes that the current level of the Euro is not a problem (related EUR/GBP EUR/USD NBG EUR/JPY EUR/GBP EUR/CHF )

[10:33] {shorty} Threei, am I able to test out Laser? Demo version.

[10:33] {nemo} yeah, but it's not real-data

[10:33] {Threei} ask lasertrev

[10:33] {strider} yes, real data

[10:34] {Threei} GE) German SPD opposition party: Planning to abstain from vote on Euro bailout package tommorow

[10:34] {shorty} Threei, do you know if the 25k rule applies to us Canadians?

[10:34] {Threei} no

[10:34] {shorty} ok thanks.

[10:34] {Threei} unless you trade via US-based broker

[10:35] {shorty} I am right now.

[10:35] {Threei} then it depends on their status

[10:35] {Threei} retail broker will aply 25K rule, prop will not

[10:36] {dino} ups sm l .75

[10:36] {shorty} Will see you guys in a bit.\

[10:36] {Threei} EU) ECB's Stark: Should not use monetary policy tools to deal with financial stability problems

[10:36] {Threei} - german ban on naked shorting was intended to show that the Govt was taking action, not surprised by market reaction

[10:37] {Threei} by what reaction?

[10:39] {Les} widening spreads on debt I guess

[10:39] {Threei} so how's the first half of sentence connecting to second?

[10:40] {Threei} ban on naked shorting was intended to show that the Govt was taking action

[10:40] {Threei} OK, govt took action

[10:40] {dino} out fcx flat

[10:40] {Threei} not surprised by market reaction

[10:40] {Threei} on negatuive side?

[10:40] {Threei} so govt failed to show anything?

[10:40] {Threei} shrug

[10:40] {Les} are the soundbites related, or is reuters just taking bits of a speech and mixing them togethor?

[10:44] {Threei} Long Setup: LVS .25

[10:44] {Threei} if stays above .15

[10:46] {strider} inval?

[10:46] {Threei} 1 cent...

[10:46] {Threei} discretionary

[10:47] {magoo} in

[10:47] {Threei} not a scalp for me

[10:48] {magoo} im with ya

[10:48] {Threei} ok, then the plan is:

[10:48] {Threei} half out between .35 and .40

[10:48] {Threei} 1/4 around .45

[10:48] {Threei} and last piece for something like .60

[10:49] {Threei} stop is still under .15

[10:50] {dino} whr sm l .86

[10:54] {Threei} 1:1 for scalpers

[11:00] {dino} whr stopped

[11:04] {magoo} vad, LVS taking a long time here..thoughts?

[11:04] {Les} someone kick this scumbag of a casino

[11:04] {Threei} no thoughts

[11:04] {Threei} just letting it resolve

[11:04] {Threei} whichever way it chooses

[11:05] {Threei} it hit .36 for scalpers

[11:05] {magoo} i knew u say that

[11:05] {Threei} it didn't hit neither target or stop for, ummm... let's call them inwestors

[11:05] {Les} slowly negotiating 50 ma lvs

[11:06] {Les} you wanna tighten stop to .20?`

[11:06] {dino} ctrp sm l .53

[11:07] {Threei} first target hit fir inwestors

[11:07] {Threei} for

[11:07] {Threei} 1/2 out

[11:08] {Threei} and now yes, stop to under .20

[11:08] {Threei} TTIL Israeli press reports TTIL could get an offer in the $50-60M range

[11:08] {Threei} - Reminder: earlier today TTIL confirmed it was in takeover talks

[11:10] {Threei} by the book stop can be trailed to b/e at this point

[11:11] {dptl} pgn?

[11:11] {Threei} see 11:06, bottom of the bull flag

[11:12] {Threei} that resolved into long green bar

[11:13] {Threei} not sure about PGN

[11:14] {dptl} l chs .01

[11:18] {Threei} CNBC: Democrats claiming they have a deal on financial reform with votes necessary for cloture

[11:19] {Threei} that's why mr. Reid voted against his own motion yesterday?

[11:23] {Threei} sheesh BP

[11:24] {larisa} is sheesh opposite to whoosh ?

[11:24] {nemo} no

[11:24] {larisa} oh

[11:24] {shorty} Back, anything good?

[11:24] {magoo} RIG now too

[11:26] {Les} sm l v .02

[11:28] {Threei} second target hit

[11:29] {Threei} 1/4 more put

[11:29] {Threei} no more trailing for now, stop for the last piece is still b/e

[11:30] {Threei} who deserves a title Patient Inwestor today, raise your hands

[11:30] {strider} does an InEaster count?

[11:31] {Threei} hmmm

[11:31] {Les} I sold lvs long time ago

[11:31] {Threei} I need to give it some thoughts, but that usually provokes migraines

[11:31] {Les} out v +.31

[11:32] {magoo} out high .40's vad TY

[11:32] {Threei} welcome sir

[11:33] {nemo} Interesting, bot the Qs and SPY bounced at pivot S3

[11:34] {dptl} out chs +.05 scrud up a bit

[11:38] {Les} do I get 'slightly patient investor' award for selling too soon?

[11:38] {strider} was +.12 on CHS. thanks dp

[11:38] {dptl} :)

[11:40] {shorty} SPLS Threei?

[11:40] {Threei} water torture stock

[11:40] {shorty} lol

[11:41] {Threei} Les... investor? what's that?

[11:41] {Threei} closest thing we have here is inWestor

[11:42] {Les} oh? I'm not in the loop on this joke...:(

[11:43] {Threei} it's easy

[11:43] {Threei} we don't believe in investing, and we need to give some name to what lies beyind our usual scalping patience

[11:44] {Threei} - Administration is seeking to keep language on derivatives broad enough that the major banks could move the business to a subsidiary without completely exiting the business.

[11:44] {Threei} ahha

[11:44] {Threei} reform without reform

[11:44] {Threei} that'll work well

[11:45] {nemo} Potemkin reforms

[11:45] {Threei} sheesh

[11:45] {nemo} ?

[11:45] {Threei} took words out of my mouth

[11:45] {nemo} :)

[11:45] {Les} potemkin reforms. don't know this phrase. meaning what?

[11:45] {Threei} I was just typing Potemkin village

[11:45] {RonS} Mandy?

[11:45] {nemo} scary ain't it

06[11:45] * nemo slaps RonS around a bit with a large Russian History Book

[11:45] {Threei} http://en.wikipedia.org/wiki/Potemkin_village

[11:46] {RonS} i know...:D

[11:46] {dptl} lol nemo

[11:46] {nemo} now....about Catherine and the horse....

[11:46] {Les} aaaaah. was thinking of the battleship potemkin...

[11:47] {RonS} http://www.mandypatinkin.org/

[11:47] {Threei} lol

[11:47] {nemo} that guy can never stay in a TV series more than 2 years

[11:47] {Threei} great actor btw

[11:47] {nemo} yes

[11:48] {Threei} ok, last part LVS, still same stop

[11:48] {Threei} still same target

[11:48] {Threei} no risk at all at this point, playing with house money

[11:49] {Threei} chart lost clarity,

[11:49] {dino} out fdx .77, +.77

[11:49] {Threei} no read at all, simply letting it play out since risk is zero

[11:49] {Threei} wtg dino

[11:49] {dino} took awhile

[11:50] {strider} dino, you lucky guy.

[11:50] {Threei} good things usually do

[11:50] {Threei} Denmark PM Rasmussen: no plans for a Danish referendum on Euro entry before Nov 2011

[11:50] {Threei} lol

[11:50] {Threei} translation: if Euro still exists then, we will see aboput that

[11:53] {dptl} hpq short?

[11:53] {dptl} ah to late

[11:54] {Threei} well

[11:54] {Threei} stop would have to be above .10

[11:54] {dptl} ye

[11:54] {Threei} just wait for it to return to trigger, or cut shares a bit

[11:54] {Threei} setup is 'valid

[11:54] {Threei} here it is again

[11:55] {dptl} in .99

[11:55] {Threei} it follows market in a lockstep, so borader market will decide the fate if this one

[11:55] {Threei} broader too

[11:56] {Threei} looks good, and I would treat it as a day trade

[11:56] {Threei} not a scalp

[11:56] {Threei} partial around 1:1

[11:56] {nemo} support at .85

[11:56] {Threei} trail stop couple cents above breakeven

[11:57] {dptl} out some +.10

[11:57] {Threei} last bounce topped at 46.02, so stop would be .03

[11:58] {Threei} let it trade, IMO

[11:58] {Threei} bid 1/4 more around .82

[12:01] {Threei} next leg down is coming

[12:02] {Threei} stay alert for the whoosh sound

[12:03] {Threei} which is opposite to sheesh sound

[12:03] {Threei} there

[12:03] {Threei} 1/4 more out

[12:03] {dptl} all out .79

[12:03] {Threei} last portion is closer to .70

[12:04] {Threei} you are not a patient inwestor, dp

[12:04] {Les} sweet stuff dp. late to the party, but out +.16.^

[12:04] {dptl} :)

06[12:04] * Threei slaps dptl around a bit with a large dose of patience in a bottle

[12:04] {shorty} I am patient, still waiting on an entry.

[12:04] {Threei} huh?

[12:04] {nemo} patience?

[12:05] {dptl} lol...

[12:05] {Threei} entry was 46 breakdown

[12:05] {nemo} she's in Thailand, or China

[12:05] {Threei} speaking of patience, she should have been returned yesterday

[12:05] {nemo} maybe the enveloped

[12:06] {Threei} been returned?

[12:06] {nemo} bastardization of "eloped"

[12:06] {Threei} give me a credit for excpetional ability to screw up the setence beyond all recognition

[12:06] {nemo} yeah, congrats

[12:06] {Threei} ty

06[12:06] * Threei takes a bow

[12:07] {shorty} lol

[12:08] {Threei} so, Mexican president pushes US Congress for comprehensive immigration reform, and bashes Arizona law

[12:08] {Threei} what's wrong with this picture...?

[12:12] {Threei} X

[12:12] {Threei} half lot play

[12:12] {Threei} short .75

[12:13] {Threei} if stays below .85

[12:15] {Threei} 1:1

[12:15] {Threei} nice and easy

[12:15] {strider} out +.12

[12:15] {shorty} ty Threei

[12:15] {Threei} HPQ last target hit

[12:15] {Threei} out in full

[12:15] {Threei} X1:2, out in full

[12:21] {Threei} you all fell asleep?

[12:21] {shorty} Not yet

[12:21] {Threei} {--- looking for an excuse to do the same

[12:22] {shorty} Are you trading on Monday Threei?

[12:23] {Threei} why wouldn't I?

[12:23] {shorty} Just wondering, being the long weekend.

[12:23] {Threei} what religion forbids trading on Mondays?

[12:23] {nemo} Isn't that next week?

[12:23] {shorty} For the US

[12:24] {nemo} Memorial Day is the 31st

[12:24] {Threei} May 31 Memorial Day Closed

[12:25] {Threei} May 24 is usual trading day

[12:26] {shorty} Thought I would plan my trading and family time on Monday.

[12:28] {Threei} even news slowed down to a crawl

[12:28] {Threei} 15 min, no single headline

[12:30] {Les} BP on watch for 45 b/d

[12:30] {Threei} AMTD Hearing customers currently unable to access online accounts (17.84, -0.57, -3.10%)

[12:30] {Threei} 45??

[12:31] {Threei} les... are we in the same universe? :)

[12:31] {nemo} 200 ma vad

[12:31] {Les} The latest glimpse of video footage of the oil spill deep under the Gulf of Mexico indicates that around 95,000 barrels, or 4 million gallons, a day of crude oil may be spewing from the leaking wellhead, 19 times the previous estimate, an engineering professor told Congress Wednesday

[12:31] {Les} why?

[12:31] {nemo} Vad.....remember who you're talkin' to

[12:31] {Les} not a setup

[12:32] {Les} just watching for 45 b/d. 45 is also 200ma support.

[12:32] {Threei} stock being 20+ cents from there, surely you can find better entry than that

[12:32] {Les} aaaaaaaaah

[12:33] {Threei} plus absence of qualifier folr how it gets there

[12:33] {Threei} makes whole thing kind of useless theoretical exercise

[12:34] {Threei} and yes nemo, I know Les is Martian

[12:34] {shorty} See you guys. Picking up family at airport. Hopefully I can be here for the close.

[12:34] {Les} I'm good for the day. BP breakdown of 45 would constitute icing on cake. IMO, BP is going down

[12:34] {Threei} but still, setups should be uniform across known Universe

[12:34] {Threei} take care shorty

[12:34] {Les} oh piss off the pair of yous :)

[12:35] {nemo} frickin' sheila

[12:35] {Threei} hmmm... one could have thought they were rude on mars

[12:35] {Threei} but then, fern is from Mars too and he is the nicest guy possible

[12:35] {nemo} Men are from Mars Vad (Les is from Venus)

[12:35] {dptl} lol

[12:36] {Threei} I'll refrain from comments

[12:36] {Threei} you tweo duke it out

[12:36] {Les} lol

[12:37] {Les} you lookin for a frikkin flaming war are you NEMO!!!!!!!!!!!

[12:37] {Threei} lol, as far as I know nemo - always

[12:37] {RonS} Les going dawg

[12:38] {Threei} BP started forming something

[12:38] {Les} ain't what I was looking for, but I'll take it. .25 break?

[12:38] {Les} crap

[12:38] {Threei} .25 break ruins short setup,

[12:39] {Threei} whether it froms long one, not so sure

[12:39] {Threei} let's wait for a bit,, unclear moment for the market overall

[12:39] {Threei} I am niot ready to switch to longs yet here

[12:40] {Threei} but dontrend line is on the verge of being broken

[12:40] {Threei} downtrend

[12:42] {Threei} Long Setup: X .50 break

[12:42] {Threei} if stays above .35

[12:43] {Threei} also,

[12:43] {Threei} IF market spikes sharply while X is still here,

[12:43] {Threei} grab it aggressively

[12:44] {Threei} (GE) Germany Chancellor Merkel and France PM Sarkozy have agreed to jointly prepare for the EU and G20 meetings

[12:44] {Threei} writing cheatsheets for each other?

[12:44] {nemo} What are they going to do, dress each other

[12:44] {nemo} invalumidated

[12:44] {Threei} X invalidated for now

[12:45] {Threei} not off the radar though

[12:45] {Threei} some modifcation may be in order

[12:45] {Threei} also, BP sharp pullback

[12:46] {magoo} nice move LVS

[12:47] {Threei} OK, marlet more and more looks like getting ready for an upward thrust

[12:47] {Les} ?

[12:48] {Threei} which part?

[12:48] {Les} up

[12:48] {Threei} what about it?

[12:48] {Les} nothing

[12:48] {Les} i just got hammered on bp

[12:48] {Threei} look at SPY 1 min

[12:49] {Les} seen

[12:49] {nemo} quasi inverted H&S\

[12:49] {Threei} if holding above .30 and breaks .50, sets a stage for a trend change

[12:49] {Threei} and why were you in BP in a first place??

[12:49] {Les} good question

[12:51] {Threei} loss of .30 for SPY invalidates long

[12:51] {nemo} loss, capitualation

[12:51] {Threei} not sure

[12:52] {Threei} just no ternd change yet

[12:52] {Threei} trend either

[12:52] {dino} feels like they want the 10k strike

[12:54] {Les} selling vol bp

[12:55] {Threei} US) US President Obama to formally announce new fuel effeciency standards in announcement scheduled for tommorow

[12:55] {Threei} - Note: Last year the Adminstration set standards at 27.3MPG to take effect on 2011 models

[12:55] {Threei} GE) ECB's Wellink: Germany should have consulted other countries on naked short selling ban

[12:55] {Threei} yeah, how dare you do something in your country without asking us

[12:57] {dptl} unm?

[12:58] {Threei} don't know UNM'

[12:58] {Threei} major support on daily

[12:58] {Threei} don't likel conflict between timeframes

[12:59] {dptl} yes was holding well ,but now broke...was thinking long

[13:00] {dptl} well.... back to waching movie :)

[13:00] {dino} 5/6 lows 9869, 1752, 1065

06[13:01] * Threei send dp a bag of popcorn

[13:01] {dptl} lol...thanx

[13:02] {Threei} Long Setup: X on pullback to .50

[13:02] {Threei} as close to it as you can get

[13:02] {Threei} half lot

[13:02] {Threei} .35 stop

[13:05] {Threei} didn't give us a chance...

[13:15] {dino} sm l fcx .50

[13:18] {dino} fdx sm l .75

[13:23] {nemo} indices running up 200 ma, that's been the resistance all day

[13:25] {Threei} bounce occured without setup I could read

[13:26] {Threei} oh well

06[13:26] * strider slaps Threei around a bit with a large pair of reading glasses

[13:26] {Threei} those may be handy

[13:28] {magoo} WOW

[13:28] {dino} took awhile, out ups .20, +.45

[13:28] {nemo} what mags

[13:31] {magoo} just the power of the bounce

[13:31] {magoo} right when death was upon us all

[13:33] {Les} IB or java crapped itself. I think its IB. had to reboot. not cool. fat finger strikes again...

[13:33] {Les} with that huge drop, IB starting getting sloppy again

[13:37] {Threei} well, imagine 2008 fall trading

[13:37] {Threei} with 600-700 points ranges, lol

[13:37] {nemo} I remember

[13:37] {Les} was Laser up to the task?

[13:38] {Les} how goes the new laser now?

[13:38] {nemo} rig weak in this rally

[13:38] {Les} asked Trev for a demo pass

[13:38] {dino} out fcx .25,

[13:39] {dino} +.75

[13:39] {Threei} wtg

[13:39] {Les} sweet

[13:39] {Threei} laser was fine

[13:39] {dino} thx

[13:39] {Les} well happy to learn now and be ready for next bout of big volatility

[13:44] {strider} Got to run a few errands, guys. See you before the close, I hope.

[13:47] {dino} out fdx .out fdx .40,

[13:47] {dino} +.65

[13:49] {Les} ciao st

[13:49] {dino} cya strider

[13:49] {Threei} lol dino

[13:49] {Threei} neverending story eh

[13:54] {Threei} BIDU

[13:54] {Threei} watching for long on 68 break

[13:55] {Threei} half lot,

[13:55] {Threei} want to see a range forming close enough for a tight stop

[13:55] {Threei} so far support is .80 - .85

[13:56] {Threei} invalidated for now

[13:56] {Threei} not off the radar

[13:58] {Les} damn missed RIG .50

[13:58] {Les} but caught BP short at .93

[13:59] {dptl} fl?

[14:00] {Threei} I doubt it

[14:00] {dptl} ok ty

[14:01] {Threei} General Electric Co US Defense Sec Gates: President Obama supports the threat of veto against the second GE engine for F-35

[14:01] {Threei} - Note: Rolls Royce and GE both have submitted possible engines for the F-35 aircraft; with some legislators supporting the use of both despite increased costs

[14:01] {Threei} what a werid story

[14:02] {dptl} exh short?

[14:03] {dptl} short .29

[14:04] {dptl} stop above .40

[14:06] {Les} cover bp +.28

[14:07] {Threei} 50/50 dp

[14:07] {Threei} where do you find all this weird stuff

[14:07] {dptl} scanner

[14:08] {Threei} what scanner?

[14:08] {Threei} laser's?

[14:08] {dptl} dbi

[14:09] {Threei} INTC CEO: Expects Google TV to drive a multi-million chip opportunity for Intel - CNBC inteview

[14:09] {Threei} - Reiterates Intel already has over 1M orders for chips to be used by the Google TV product

[14:11] {dptl} stopped

[14:11] {dptl} -.12

[14:12] {Les} laser has scanner? cool

[14:12] {nemo} Hi patience!

[14:12] {patience} hey, how's trading?

[14:13] {Threei} PATIENCE!!

[14:13] {Threei} welcome back!

[14:13] {patience} vaddy!!

[14:13] {patience} good to be home, spent the last week in downtown Bangkok

[14:13] {nemo} oy vay

[14:13] {Threei} sheesh

[14:13] {Threei} talk about timing

[14:17] {magoo} L bidu .98

[14:18] {dino} market wants green close

[14:18] {Threei} lol

[14:19] {nemo} right

[14:19] {Threei} it may want whetever, not going to happe

[14:20] {Les} l bp 45

[14:20] {Threei} tough one mags

[14:20] {Threei} entry into spike

[14:23] {dino} fxe rocking(euro)

[14:24] {Threei} half out mags

[14:24] {Threei} BIDU

[14:24] {Les} nice

[14:26] {magoo} out full ty vad, nce easy

[14:26] {dino} ctrp sm l .40

[14:32] {magoo} weird, mkt feels strong BUt its crushed 250 points

[14:33] {Threei} it hasn't crashed... it made a planned orderly retreat to prepared in advance positions

[14:34] {magoo} rushed not crashed

[14:34] {magoo} crushed

[14:34] {magoo} crushed

[14:34] {Threei} dp, stop pouring vodka for him

[14:35] {dino} magoo, thats because we are in day 3 of 1 now

[14:35] {magoo} huh?

[14:36] {magoo} 3 of 1?

[14:39] {Threei} Senate begins procedural cloture vote on financial reform bill; 60 votes needed to end debate and move bill forward

[14:39] {Threei} EU) IMF's Strauss-Kahn: Europe's house is not in order, but also does not believe Euro Zone risks are exploding

[14:39] {Threei} - highlights that a common currency cannot exist unless budget decisions are made together

[14:39] {Threei} there

[14:39] {Threei} key words are finally spoken

[14:39] {Threei} was is that hard to admit?

[14:42] {dptl} mwv break?

[14:42] {Les} not sure he's admitting

[14:42] {Threei} probably, yes

[14:42] {Threei} - follow up: Senator Brown (R-MA) flips vote to yes; voting continues

[14:42] {Les} but daring to suggest to parliaments

[14:42] {Threei} this les:

[14:42] {Threei} common currency cannot exist unless budget decisions are made together

[14:43] {dptl} missed

[14:43] {Threei} it was one of my major peevees with whole concept of Euro

[14:43] {Les} aah

[14:43] {Les} sounds like economist suggesting to politician what needs to be done

[14:43] {Threei} you have common currency but members have separate policies?

[14:43] {Threei} good luck with that

[14:44] {Threei} so next question is: can you unify policies?

[14:44] {dptl} long .85 mwv

[14:44] {Threei} no chance in hell

[14:44] {Les} voilà

[14:44] {Threei} ergo - EMU is stillborn

[14:44] {Les} Germans and Greeks agreeing?

[14:44] {Les} never

[14:44] {dptl} stop under .75

[14:44] {Threei} of course it's mor complicated than that,

[14:44] {Threei} but to put it succinctly...

[14:46] {larisa} but now Greeks are thinking about cutting down government payments to chronic alcoholics who do not want to get treatment :) so.. first step!

[14:46] {larisa} this country fascinates me

[14:47] {Threei} no way larisa

[14:47] {Threei} not going to happen

[14:48] {larisa} alcoholics will still get minimum wage just for drinking ? moving to Greece then

[14:49] {Threei} yes, and govt will additionally finance stuff to deliver drinks to them, taking away empties etc,

[14:49] {larisa} TSL is making earnings run

[14:49] {dino} greece was like a club med

[14:49] {nemo} quite the range today

[14:50] {Threei} BIDU is where I wanted to sell in full

[14:50] {Threei} but magoo didn't wait for me

[14:50] {Threei} that hurts

06[14:51] * Threei slaps magoo around a bit with a large frozen trout withj jagged edges

[14:51] {dino} nasty

[14:51] {Threei} that's my middle name

[14:52] {Threei} watching BP for short

[14:52] {magoo} and some scalpers regrett sauce plwease

[14:53] {Threei} Short Setup: BP 45 break if stays under .10

[14:53] {dino} we're going green

[14:53] {Les} v might run. ma is up

[14:53] {dptl} out mwv +.10

[14:53] {Threei} *(US) US SENATE VOTES TO END DEBATE; CLEARS WAY TO VOTE FOR FINAL PASSAGE OF FINANCIAL REFORM BILL

[14:54] {dptl} in bp

[14:54] {dptl} .98

[14:54] {Threei} not a scalp

[14:56] {Threei} bid half .88 or so

[14:56] {Threei} 1:1

[14:56] {Threei} hit

[14:56] {Threei} half out

[14:56] {dptl} half out

[14:56] {dino} out ctrp .95, +.55

[14:56] {Threei} stop to just abive 45

[15:00] {nemo} geez dino, you said we're going green and the market did an about face

[15:00] {nemo} Anyway, I'm off c u in the morrow. Get some sleep Patience

[15:00] {Threei} take care nemo

[15:00] {larisa} bye nemo, we are going green..

[15:01] {Threei} you mean now that he left?

[15:01] {nemo} not gone yet

[15:01] {nemo} now I'm gone

[15:01] {larisa} he always waits for me to say good bye

[15:01] {Threei} ok, NOW we are going green

[15:03] {Threei} BIDU

[15:03] {Threei} short half lot .90 break

[15:05] {Threei} (UK) UK PM Cameron: It is in the UK's interests for the Euro to be a success

[15:05] {Threei} why?

[15:06] {Threei} US) US Treasury Dept declines comment with regards to possible intervention in the Euro

[15:06] {Threei} 1:1, half cover

[15:06] {magoo} covered .59 FL ty

[15:06] {Threei} 1: I don't know how much

[15:07] {Threei} covered in full too

[15:07] {magoo} 3yea

[15:07] {magoo} was 1k

[15:07] {magoo} so took it

[15:07] {Threei} some trades are almost shame to make... like shooting fish in a barrel

[15:08] {magoo} i mean .91 - .59 = um, er.??

[15:08] {magoo} uh

[15:08] {Threei} hmmm

[15:08] {Threei} wait

[15:08] {magoo} hmmm

[15:08] {Threei} let me whip out the calculator

[15:09] {magoo} well??

[15:09] {Threei} wait... not that simple'

[15:09] {Threei} need to run Riemann hypothesis

[15:10] {Threei} so... g(k) and G(k)....

[15:10] {Threei} 3n + 1 conjecture...

[15:10] {Threei} e - 1 / 2....

[15:10] {magoo} $140? nope, thats not right

[15:10] {Threei} nooo

[15:10] {Threei} 22n + 1 composite for n } 4

[15:11] {Les} egghead, what are you calculating vad?

[15:11] {Threei} 15:08] {magoo} i mean .91 - .59 = um, er.??

[15:11] {Les} thought trading was grade 3 maths?

[15:11] {Threei} not when it comes to magoo

[15:11] {Threei} polyhedral combinatorics must be applied

[15:12] {dptl} ah..all out bp ty

[15:12] {Threei} lol

[15:12] {Threei} coward

[15:12] {dptl} roflol

[15:12] {Les} I want more. was doing tea and missed the drop earlier

[15:12] {Les} in bp

[15:12] {Threei} bidding 1/4 more .78

[15:15] {Threei} hit

[15:15] {dptl} tsk tsk...figures

[15:15] {dptl} :)

[15:15] {Threei} shrug

[15:15] {Threei} stay cool

[15:15] {Threei} let market work its magic

[15:15] {dptl} lol

[15:15] {Threei} don't intervene with nmatural patterns

[15:16] {Les} all out ty

[15:16] {Threei} which is abother way of saying, don't pee against the wind

[15:16] {Les} noooooooooooooooo

[15:16] {Threei} out in full

[15:16] {Threei} .70

[15:16] {Les} oh good don't feel so cheated

[15:16] {Threei} learn frikin Taoism

[15:17] {Les} ?

[15:17] {Threei} if lazy, wait for me to finish this next book

[15:17] {Threei} and I am sure mty last

[15:17] {dptl} got to get this book

[15:17] {Les} hey I have a taoist book. let me find it

[15:17] {Les} here

[15:17] {dino} sheesh, i go to bus stop, we drop 50

[15:17] {Les} The Tao of Pooh and Te of Piglet

[15:17] {Threei} lol dino

[15:17] {larisa} do not worry dino, if you apply polyhedral combinatorics to -250, we are green

[15:18] {Threei} that's actually good point

[15:18] {Threei} but Infinite Ramsey theorem spills different light on it

[15:18] {dino} ;) the days not over yet

[15:19] {Threei} it's very simple actually, think of it like this:

[15:19] {Threei} Let X be some countably infinite set and colour the elements of X(n) (the subsets of X of size n) in c different colours. Then there exists some infinite subset M of X such that the size n subsets of M all have the same colour.

[15:19] {Threei} thus, green or red...

[15:19] {Threei} who cares

[15:19] {Les} got anything in black?

[15:20] {Threei} of course, it's just another subset of M

[15:21] {Les} you never told me you were a geek

[15:21] {Les} I want a refund please

[15:21] {Threei} I didn't want you to feel inadequate

[15:21] {Threei} realization that all girls are mine can be hurtful, you know...

[15:22] {Les} hehehe

[15:22] {Les} ok

[15:22] {Les} swoooosh goes the meatgrinder

[15:22] {Threei} hmmm

[15:22] {Threei} US) US President Obama to make announcement on the Wall Street reform legislation at 4:20pmET

[15:24] {Threei} RMBS Reportedly sees decision on case against NVDA and Hynix next week (23.57, +0.07, 0.30%) (related NVDA )

[15:25] {strider} .

[15:26] {Threei} strider,

[15:26] {Threei} for you mental heal;th sake,

[15:26] {strider} yes

[15:26] {Threei} don't even think of scroling through everything that happened while you were away

[15:26] {Threei} RMBS Reportedly sees decision on case against NVDA and Hynix next week (23.57, +0.07, 0.30%) (related NVDA )

[15:26] {strider} awwwww!

[15:26] {Threei} oops, wrong paste

[15:26] {Threei} (US) House Speaker Pelosi: Tax extenders bill, including new tax on fund managers, to be taken up next week

[15:26] {Threei} - Confident that House Democrats have the votes they need to pass tax extender bill.

[15:27] {Threei} tax them out of this universe, damn bastards

[15:27] {Threei} how dare they make money

[15:30] {Les} here's my friend, waiting for the RMBS decision to retire a millionaire

[15:31] {Les} maybe he'll get lucky

[15:32] {Threei} US) Fed's Tarullo: Fed swap actions are not designed to bail out anyone, least of all Greece

[15:32] {Threei} - Fed is not considering any further options to aid Europe

[15:33] {Threei} further?

[15:33] {Threei} it sounds like "we haven't helped them, and not going to help any more"

[15:33] {Threei} not only I never beat my wife, I am not goling to beat her ever again

[15:35] {Les} that's too much information

[15:35] {larisa} further has many meanings than that vad :)

[15:35] {larisa} many more

[15:36] {Threei} well, then those nuances are too subtle for me :)

[15:36] {Threei} but what else is new

[15:36] {Threei} my preferred depth of language use is: tree good, fire bad

[15:37] {Threei} les, thar's actually a reference to a well know casuistic way to shape up the question

[15:37] {Threei} "when did you stop beating up your wife/"

[15:44] {dino} hmmm

[15:44] {Les} wow new word learnt

[15:44] {Les} casuistry

[15:45] {Les} first time you made me pull out the english dictionary vad

[15:45] {Les} not bad

[15:45] {Threei} see... geek

[15:46] {Les} double geek

[15:46] {Threei} ugh

[15:46] {dino} going for lod

[15:46] {Threei} had this nagging idea that finnies should sell hard into close

[15:46] {Threei} with this Obama statement ahead

[15:47] {Threei} but it looked so obvious, I didn't feel easy about trading on such evident thing

[15:47] {Threei} look at WFC

[15:50] {dptl} good evening all...see ya tomorrow

[15:50] {Threei} where do you think you are going?

[15:50] {Threei} 10 min more of suffering

[15:51] {Threei} sit here and suffer with us

[15:51] {dptl} lol...

[15:51] {dptl} ok...FINE

[15:51] {larisa} bye all :)

[15:51] {Threei} see what you started dp?

[15:51] {Les} ciao larisa

[15:51] {Threei} bye larisa :)

[15:52] {dino} cya lari, dp

[15:53] {dptl} .

[15:55] {Threei} -328

[15:56] {dptl} are we gonna test that low tomorrow?9833?

[15:56] {Threei} WFC... toothache in the heart

[15:56] {Threei} surely looks like that

[15:58] {dino} ugly

[15:59] {Threei} well... depends

[15:59] {Threei} we had fun day

[16:00] {dino} lots of pain out there

[16:00] {Threei} certainly

[16:00] {Threei} and more ahead

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see you tomorrow

[16:01] {Les} ciao

[16:01] {Les} you too

[16:01] {strider} a la manana, vad.