Jun 07 2010

Chart wise, this is double bottom play (area market in yellow). However, finding an entry was a challenge, as confirmation level would give us too wide stop. For entry we found a little "setup within a setup" - look at out entry point and stop level closer and you will see that it's a little setup by itself - now zoom out again and look at it from the point of view of a bigger chart formation, that same double bottom.
Overall, that was a day of invalidation - one setup after another would invalidate before triggering. We got a few nice trades but the day left a feeling if "could have been much more."

Session Time: Mon Jun 07 00:00:00 2010

[04:48] {KSystems} morning

[08:32] {nemo} When Black Monday comes....(sung to the tune of Steely Dan's "When Black Friday Comes")

[08:33] {Threei} IMMU Reports Updated Results of Targeted Therapy for Advanced Pancreatic Cancer (3.45, 0.00, 0.00%)

[08:33] {Threei} black monday?

[08:33] {Threei} I see futs up

[08:33] {patience} good morning guys

[08:33] {Les} who is steely dan?

[08:33] {Threei} patience :)

[08:33] {nemo} I can hope can't I?

[08:34] {Threei} les :)

[08:34] {Les} afternoon

[08:34] {nemo} Oh, Les...you don't know Steely Dan?

[08:35] {Les} sounds like a brand of custard

[08:35] {nemo} Excellent music

[08:37] {Threei} Euro vs US Dollar (NV) Netherlands Fin Min De Jager: Euro fx rate around historical average; not concerned over long-term EMU stability

[08:40] {Threei} - Confident over Euro zone sustainability

[08:50] {Threei} (IT) Italy Debt Agency (Tesoro) To increase 2010 debt issuance plans to finance its participation in Greek aid package

[08:50] {Threei} - To issue up between 240-250B bonds in 2010; Have issued 102.7B ytd

[08:50] {Threei} - Conditions not right for new linker bond issue

[08:52] {Les} lol issue debt for bailout of debt. Gawd Monty Python material

[08:53] {nemo} yeah...just what I was thinking

[08:58] {Threei} (AS) Austrian Fin Min: No danger to EMU from Hungarian fiscal situation

[09:01] {Les} BP decent drop into 38

[09:01] {nemo} with volume

[09:02] {dino} gm all

[09:02] {Les} hey dino

[09:03] {RonS} gm dino & all

[09:03] {dino} :D

[09:03] {Threei} dino, ron :)

[09:05] {Threei} BP Goldman Sachs Cuts BP to Neutral from Buy

[09:06] {nemo} RIG balancing on the 200

[09:14] {magoo} morn

[09:14] {Threei} magoo :)

[09:14] {Threei} larisa :)

[09:14] {larisa} gm :)

[09:17] {Threei} EUR/USD (RU) Russia Central Bank publishes May currency intervention stats

[09:17] {Threei} - Purchased net $4.3B and 1.1B

[09:17] {Threei} what happened to all the "get out of USD"

[09:19] {shorty} morning all

[09:19] {Threei} shorty :)

[09:22] {lasertrev} morning

[09:22] {Threei} trev :)

[09:25] {Threei} AVII Enters $18M funding contract with the U.S. Defense Threat Reduction Agency for H1N1 - filing dated 6/4

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:29] {nemo} still can't believe Les never heard of Steely Dan

[09:30] {Les} bluesy rock sort of sound was not my thing as teenager

[09:30] {nemo} wasn't bluesy

[09:30] {Threei} Meeting between French Pres Sarkozy and German Chancellor Merkel has been cancelled - press

[09:31] {jfjf64} les was rockin to flock of seaguls

[09:31] {Threei} .short lvs .45 break

[09:31] {Threei} Short Setup: LVS .45 break

[09:31] {Threei} invalidated

[09:33] {jfjf64} bp

[09:33] {jfjf64} l

[09:33] {jfjf64} nope

[09:34] {Les} fas crash

[09:35] {Threei} ugh LVS

[09:35] {Threei} got away

[09:36] {jfjf64} vxx vad

[09:36] {jfjf64} fill gap

[09:37] {dino} whr sm l .99

[09:38] {Les} FAZ pullback to under .25 for long entry?

[09:38] {nemo} look at big

[09:38] {nemo} that could drop a long way

[09:39] {Threei} LVS bounce time soon

[09:40] {shorty} I was just going to ask

[09:41] {Les} l FAZ .56 stopu under .50 half out .61¨

[09:41] {jfjf64} +11 cents vxx

[09:41] {Threei} .93 LVS long

[09:41] {Threei} if stays above .85

[09:41] {dino} stopped whr -.33

[09:42] {Threei} invalidated

[09:42] {jfjf64} vxx grrrrrrrrrrrrrrrrrrr

[09:43] {jfjf64} bmy .97 break

[09:44] {Threei} Long Setup: LVS .90

[09:44] {Threei} if stays above .80

[09:45] {Threei} lol

[09:45] {Les} 1:3 FAZ out another 1/4 .70

[09:46] {Les} stop to b/e

[09:48] {nemo} hah! raven got booted

[09:48] {shorty} out lvs .10 + 27

[09:48] {shorty} .27

[09:49] {Les} last quarter stopped flat

[09:49] {Threei} wtg

[09:49] {Les} this bounce another shorting opp?

[09:50] {Threei} most likely

[09:50] {dino} whr sm l .50

[09:54] {Les} GG weak in this bounce. watching it for b/d opp later.

[09:56] {Threei} Long Setup: WFC .80 break

[09:57] {dino} air gap market

[09:58] {dino} out whr .55, +1.05

[09:58] {Les} kaching baby $$

[09:58] {jfjf64} nice dino

[09:58] {patience} nice one dino

[09:58] {dino} too soon

[09:58] {dino} ty

[09:59] {Les} half out wfc .85 from .77 long

[10:02] {Threei} let's scratch WFC here

[10:03] {Threei} market is too shaky

[10:03] {Threei} became 50/50

[10:04] {dino} sm l fdx .70

[10:07] {Threei} Raven, welcome back

[10:08] {Raven} hey ... nice to be back

[10:08] {Raven} It is not ... I lied

[10:08] {Les} Raven was gone?

[10:08] {Raven} sigh

[10:10] {Threei} WFC made it after all

[10:10] {Threei} viscous action here

[10:11] {nemo} thick?

[10:11] {Les} :)

[10:11] {ese} hi all just popping in to say high......will not be trading much the next week and a half as per other years.....last litle bit of school.then........FREEDOM!!!!!!! FREEDOM!!!!!! think aretha Franklin here

[10:11] {Threei} ese :)

[10:11] {ese} hey vad

[10:11] {dino} gm es

[10:11] {shorty} Was thinking LVS break .40?

[10:11] {nemo} she couldn't fit in the trading room ese

[10:12] {ese} market kinda up

[10:12] {ese} dino

[10:12] {ese} ya true nemo

[10:13] {Threei} not sure shorty

[10:14] {Threei} market hasn't rewarded this kind of entries lately

[10:14] {ese} patience....your back!!!!! did you get to the Oak Bay Tea Party on the weekend

[10:14] {shorty} Went up sharply, then stalled Threei.

[10:15] {shorty} Lately bounces have been rewarding at the start of the day.

[10:16] {dino} out fdx .90, +.20, mkt dropping

[10:16] {Les} refined my FAZ strategy. out +.05 3k

[10:16] {Les} too soon i see

[10:16] {patience} hi ese :) no, I didn't

[10:17] {ese} not a great day yesterday but nice saturday

[10:18] {patience} i'll see you at the Shish Kabob Party though :)

[10:18] {jfjf64} hoe bout them CELTICS

[10:19] {shorty} Still waiting on my invite for that one patience.

[10:19] {patience} talk to the Man

[10:19] {ese} definitely

[10:19] {dino} go celtics

[10:19] {jfjf64} luv it dino

[10:21] {Threei} LVS, one more sharp dive and will be intersting for bounce

[10:21] {RonS} go Ubaldo Jimenez

[10:21] {Threei} .10 break

[10:21] {Threei} if holding .05

[10:22] {Threei} barely touched 1;1... not what I wanted

[10:22] {shorty} stopped LVS

[10:23] {jfjf64} she want UP

[10:23] {jfjf64} IN

[10:23] {Les} miners a running

[10:23] {Les} are running

[10:24] {jfjf64} grrrrrrrrrrrrr

[10:25] {ese} ould that be the Glasgow Celtics

06[10:25] * nemo slaps ese around a bit with a large backboard

[10:25] {jfjf64} ty nemo

06[10:25] * nemo slaps ese around a bit with a large boston garden

06[10:25] * nemo slaps ese around a bit with a large Causeway Street

06[10:26] * nemo slaps ese around a bit with a large statue of Red Auerbach

[10:26] {ese} ya i deserve that

[10:26] {nemo} just gettin' started

[10:26] {ese} was trying to make a funny but knew i wouldn't get away with it

[10:26] {nemo} I'm from Boston dude

[10:26] {nemo} DB faz vad?

[10:27] {Threei} or breakdown

[10:27] {Threei} just as likely

[10:29] {shorty} stooped lvs

[10:29] {Threei} wow

[10:29] {Les} s lvs .99

[10:29] {Threei} stop was 5 cents

[10:29] {shorty} I tried it again .06

[10:30] {Les} l faz .06

[10:31] {Les} out faz +.16

[10:32] {Les} cover lvs +:10

[10:33] {jfjf64} les ya mind leave some for rest of us

[10:33] {Threei} sheesh FAZ

[10:33] {jfjf64} lol

[10:33] {nemo} broken clock moment

[10:33] {Les} i am good for the day jf. no problems

[10:33] {Threei} GS FCIC reportedly subpoenas the company for documents (141.66, -0.59, -0.41%)

[10:34] {Threei} jf, admin asked to ask you look your e-mail

[10:34] {dino} sm l dcth .98

[10:34] {jfjf64} k

[10:35] {Threei} Long Setup: FAS .55

[10:35] {Threei} if stays above .45

[10:36] {Threei} not a scalp, should be capable of 1:2

[10:37] {Threei} LVS COO: Asia is our future, though there may be some future expansion in the US - Goldman lodging conf (23.79, -0.46, -1.90%)

[10:37] {Les} lvs :(

[10:37] {Threei} invalidated

[10:39] {Les} jeez $gold going nuts

[10:40] {patience} gold up,canadian dollar up, usually commodities go up...not today

[10:42] {Les} c'mon market, you know you want to melt down...

[10:42] {Threei} can't get the rythm today

[10:43] {dino} pico sm l .00, thin

[10:44] {Les} faz .46 l

[10:45] {Les} lol laser says I bought FAZ at .14

[10:45] {Les} I'm rich!

[10:46] {larisa} demorich :)

[10:46] {dino} watching fdx, cvs

[10:46] {Les} :P

[10:46] {Threei} or, you still have position from lower prices that you don't notice,

[10:46] {Threei} and laser shows you avergae of your entry prices

[10:48] {Les} nah that's in order. Glitch I guess

[10:48] {dino} cvs sm l .50

[10:49] {Threei} FAZ, dive under .50 for bounce hunt

[10:50] {Les} out FAZ +.09

[10:51] {dino} stop cvs flat

[10:52] {Les} vad got a problem with level 2

[10:52] {Threei} ?

[10:52] {Les} ahh now I get it. friggin hell I'm slow

[10:52] {Les} if level 2 is showing faulty quotes, what do I change?

[10:53] {Les} quote server?

[10:53] {Threei} continent

[10:53] {Les} aaaaah funny guy

[10:53] {Les} changed quote server. fixed my problem I think

[10:53] {Threei} just a few cents, FAZ...

[10:54] {Les} wanted long FAZ at .65. but there was an offer at .... .14

[10:54] {Threei} not getting precise read today, most entries or invalidations are off by just 2-3 cents

[10:54] {Les} "limit price is out of range!"

[10:55] {dino} cvs held, hmmm

[10:56] {Les} wow $gold is seriously sick. what happened?

[10:56] {Threei} trhe same

[10:56] {Threei} Europe is sinking

[10:58] {Les} TLT 98 break with consolidation?

[10:58] {nemo} woe is me for not taking faz at .05 boo hoo

[10:58] {Les} i did. good risk/reward

[10:58] {dino} dji, ndx break of fri lod

[10:58] {nemo} yep

[10:58] {dino} s/p on it

[10:58] {Threei} TKT not my favorite way to play this breakdown

[10:58] {Threei} TLT

[10:59] {dino} s/p broke

[10:59] {Les} ok

[11:02] {dino} cvs sm l .40

[11:03] {Les} s GG.97 small

[11:04] {Threei} Long Setup: FAS .05

[11:05] {Threei} stop under .95

[11:06] {Threei} target around .30 - .40

[11:07] {Threei} BAC Countrywide unit settles case with FTC on overcharged fees; to pay approx $110M for reimbursement to homeowners (15.02, -0.33, -2.15%)

[11:07] {dino} fdx sm l .36

[11:09] {Threei} 1:1

[11:10] {Threei} half out .17

[11:10] {Les} all out +.10 ty

[11:10] {Threei} promise not to cry?

[11:11] {Les} nah I'm good now. I'll take the scalps as extra.

[11:13] {Threei} ok... scalpers win

[11:14] {Les} yeh this market is on a knife's edge in my humble and lowly judgement

[11:15] {Threei} (EU) IMF: Europe growth outlook remains weak

[11:15] {Threei} you don't say

[11:15] {Les} damn forgot to cancel fas stop loss. s .93

[11:16] {Threei} why do you need it at all?

[11:17] {Les} I like computer handling losses. Helping me immensely since using laser

[11:18] {Les} just gotta remember to turn it off

[11:18] {Threei} my bet is: in real life you will find it harming more often than helping

[11:18] {Les} if that be case then I'll switch over

[11:19] {Les} I have begun handling stops myself occasionaly

[11:19] {nemo} rimm Vad

[11:19] {nemo} oops

[11:20] {larisa} RIMM for reversal nemo?

[11:20] {nemo} possibly but looks like it wants to go short

[11:20] {nemo} yeah, wasn't holding the bid

[11:21] {dino} wow ma

[11:21] {nemo} no hands

[11:22] {Les} gg stopped -.26

[11:26] {Threei} FAS

[11:26] {Threei} 21 break long

[11:26] {Threei} stop under .95

[11:27] {Threei} what a breakdown, RIMM

[11:27] {Threei} we didn't short at .15 it why exactly?

[11:28] {nemo} Yeah, my second broken clock moment today...time for a nap

[11:28] {Threei} half out FAS

[11:28] {Threei} 1:2

[11:28] {Threei} scalpers feel free to take your lumps and go

[11:28] {Threei} I want my .30

[11:30] {Les} haha missed your call...

[11:30] {Les} no lumps to take

[11:36] {Threei} 1/4 more out .24

[11:37] {nemo} fas should keep going until it reaches .50 or spy reach .05

[11:38] {shorty} See you guys tomorrow.

[11:38] {Les} ciao

[11:38] {Threei} take care shiorty

[11:39] {dino} cya shorty

[11:41] {dino} dcth stopped -.33

[11:45] {dino} out cvs .83, +.43

[11:48] {Threei} .30 was perfect target

[11:51] {Les} how did you see .30 as target?

[11:52] {Threei} support from 10:30 - 10:40 period

[11:52] {Les} I see little bounce before b/d .30 just before 10.45am. a zone of consolidation?

[11:52] {Les} ok

[11:55] {dino} dcth blood

[11:57] {Threei} Congressman Steve Scalise (R-LA) to request that President Obama reconsider drilling ban in deepwater Gulf, citing economic fallout for the industry - WSJ (related USO OIH )

[11:58] {Threei} August gold within $10 from all time highs seen in early May (related GLD )

[12:05] {dino} out fdx .97, +.61

[12:05] {Threei} wtg

[12:05] {dino} ty

[12:08] {Threei} MS Fox's Gasparino: Morgan Stanley planning closure of 300 offices, and cut approx 1,200 jobs

[12:09] {Threei} be back in 20

[12:15] {dino} dcth gap filled april

[12:17] {dino} sm l dcth .00

[12:17] {dino} risky, stop is .63

[12:19] {patience} i've been away from scalping too long. totally couldn't execute the buy order for 3 stocks i am tracking. my gut just doesn't believe the charts....i'm overthinking it :)

[12:20] {dino} imo your gut is saying things are messed up. that's whtat mine is saying

[12:21] {Les} and I'm getting sucked into it. Hate it when the market does this

[12:21] {patience} but you are still doing trades

[12:21] {dino} small size patience, 300 sh

[12:22] {patience} good advice, i'll wait for the lunch time crowd to fade and see what the afternoon brings

[12:22] {dino} things are too random for bigger imo

[12:26] {dino} hmmm cf not following pot, mos

[12:28] {Threei} QTWW Subsidiary Signs Power Contract With Ontario Power Authority for Utility-Scale Wind Project in Northern Ontario

[12:28] {Threei} POS

[12:39] {Threei} Short Setup: BP .35 break

[12:40] {Threei} if stays under .40

[12:40] {Threei} invalidated

[12:41] {Threei} quite unusual number of invalidated calls today

[12:43] {jfjf64} lots

[12:44] {jfjf64} opinion

[12:47] {Threei} re-validated

[12:49] {Threei} two ways to play it

[12:49] {Threei} as a scalp with stop above .40

[12:49] {Threei} or day trade, .45

[12:52] {Threei} no go

[12:55] {patience} life sucks, have you noticed?

[12:55] {patience} i go to cash day before my asia trip

[12:55] {patience} my partner buys heavily

[12:55] {patience} he just skyped to say as of today he is up 20%

[12:56] {dino} but you had great vacation

[12:56] {Les} the money or a trip to china?

[12:56] {Les} hmmmm

[12:56] {patience} but i like the idea of making money while i am on vacation

[12:56] {patience} i am whining

[12:56] {dino} don't we all

[12:57] {dino} yes, you are. i'm surprised ;)

[12:57] {RonS} coulda been smacke w/ an '87 style crash patience...

[12:58] {RonS} "it's better to be out wishing you were in, than in wishing you were out"

[12:58] {nemo} you talkin' about stocks?

[12:58] {RonS} could be...

[12:58] {jfjf64} lol

[12:58] {nemo} :)

[12:59] {Les} why, what you thinking nemo?

[12:59] {RonS} :P

[12:59] {nemo} I don't think?

[12:59] {nemo} Actually, I think it's time for a drink

[12:59] {jfjf64} bingo

[12:59] {Les} way ahead of ya man

[13:00] {nemo} yeah, 6 hours ahead

[13:00] {RonS} ...what are you? w.c. fields re-incarnated?

[13:01] {dino} out dcth .31, +.31

[13:01] {nemo} I'm reincarnated...exactly what I am... no eye deer

[13:01] {RonS} dcth...dead cat trampoline high?

[13:01] {jfjf64} dino monster wtg

[13:01] {nemo} frickin BP

[13:02] {jfjf64} set up here 4 us

[13:02] {nemo} ?

[13:03] {jfjf64} in

[13:03] {dino} lucky

[13:03] {nemo} what, bp?

[13:03] {jfjf64} y

[13:03] {jfjf64} .30

[13:04] {Threei} grrr

[13:04] {dino} brb

[13:04] {jfjf64} out

[13:05] {Les} nice one jf

[13:05] {jfjf64} i hv to thank nemo

[13:05] {jfjf64} ty neno

[13:05] {Les} and here I've got the missus bugging me to scan school books for replacement teacher :)

[13:06] {jfjf64} nemo

[13:06] {nemo} wow, THREE broken clock moments

[13:06] {Les} you're a useful broken clock

[13:07] {Threei} AAPL CEO Jobs: Planning for iPad to be available in 19 countries by July end; 35M app downloads for iPads thus far

[13:08] {Threei} had a chance to play with iPad yesterday

[13:08] {Threei} I am yet to understand what this buzz is about

[13:08] {Les} you just don't get it!

[13:08] {Threei} no

[13:08] {Les} try a lobotomy...

[13:08] {Threei} I guess you have to be an iPod generation

[13:08] {Les} and then you too can become apple maniac

[13:08] {Threei} or that

[13:10] {dino} i don't get it either 3i

[13:12] {Threei} - Currently produced iPads as quickly as possible

[13:12] {Threei} - Users have downloaded 5M ebooks in first 65 days of iPad sales, estimates ebook market share at 22%. Updated iBook reader includes bookmarks, ability to make notes in e-books, and to read PDFs.

[13:13] {Threei} so can my 5 years old laptop... what's the big deal?

[13:13] {dino} all marketing i guess

[13:16] {Les} all need to identify ourselves with something or someone...

[13:16] {Les} even if it's with whacky bunch of traders like yourselves

[13:17] {dino} cf sm l .75

[13:18] {Les} drinking red wine from Midi du France and Manchego cheese from Spain. I hope to see Euro coming down a lot more in price

[13:20] {Threei} NFLX Ticks higher on announcement of iPhone version of app at Apple's WWDC (already available on the iPad) (111.75, +1.97, 1.79%) (related AAPL )

[13:22] {nemo} fcx, db maybe

[13:28] {nemo} RIMM CE&H?

[13:29] {nemo} ehhh....nah

[13:33] {nemo} damn, the C&H worked

[13:33] {Threei} headfake or rally

[13:34] {nemo} I think retest of the highs today

[13:34] {Threei} that ias the question

[13:34] {nemo} I thought it was "To be, or not to be?"

[13:34] {Les} threw away l FAZ entry. not wanting to find out

[13:34] {patience} rally

[13:34] {nemo} rimm having problems at the 200 and pivot resistance right here

[13:34] {Threei} that one was resolved by bee counters, nemo

[13:35] {nemo} cute

06[13:35] * nemo slaps Threei around a bit with a large copy of Hamlet

[13:35] {Les} huh?

06[13:35] * nemo slaps Threei around a bit with a large copy of Harold Hecubah's production of Hamlet on Gilligan's Island

06[13:36] * Threei slaps nemo around a bit with a large wooden beehive

[13:36] {nemo} ?

[13:36] {nemo} wooden?

[13:37] {Threei} Apple Inc CEO Jobs: Formally announces iPhone 4, one hundred new features including a front facing camera and camera with flash on back - WWDC

[13:37] {Threei} - 24% thinner, at 9.3mm

[13:37] {Threei} - Glass on front and back with steel on sides, noise cancellation mic

[13:37] {Threei} - GSM, Wi-fi, GPS, Bluetooth, UMTS

[13:42] {Les} a frikkin head fake, just after covering. such is life

[13:48] {Threei} UDRL

[13:48] {Threei} Union Drilling, Inc. Issues statement on rig accident well fire this morning

[13:48] {Threei} - Our first priority is making certain that those injured receive proper medical attention. The families of all employees injured in the accident, ours and those of BJ Services, are in our thoughts and prayers

[13:48] {Threei} - Union Drilling is cooperating fully with the well operator and all authorities in their resolution and investigation of this fire.

[13:49] {dino} cf stopped -.33

[13:50] {RonS} gs news?

[13:51] {Threei} not right now

[13:57] {Threei} BP doesn't drop wkith market this time

[13:57] {Threei} Long Setup: BP .25 brweak

[13:57] {Threei} if stays above .20

[14:00] {Threei} invalidated

[14:00] {Threei} word of the day

[14:07] {jfjf64} s bp .10 break

[14:09] {jfjf64} nope

[14:12] {Threei} [14:00] {Threei} invalidated

[14:12] {Threei} [14:00] {Threei} word of the day

[14:12] {jfjf64} lol

[14:14] {jfjf64} better then STOP

[14:14] {Les} faz breakout?

[14:15] {Threei} looks like

[14:15] {Threei} but heck

[14:15] {Les} buy first

[14:15] {Les} invalidate after

[14:15] {Threei} that's what I don't want

[14:17] {jfjf64} BP .35 break vad

[14:17] {Threei} no

[14:17] {Les} l FAZ .71 half

[14:17] {Threei} today's stratagey must be different

[14:18] {Threei} strategy too

[14:18] {Threei} let breakout go, wait for a drop, wait for breakdown to form, then buy

[14:18] {Threei} shaking out those who went for breakdown, stock will return to your original breakout and above

[14:19] {Threei} see BP invaliadting .25 break, forming .10 breakdown, bouncing all the way back and above

[14:19] {Threei} how may times today it happened?

[14:21] {larisa} too may :)

[14:22] {jfjf64} workin as we speak bp

[14:23] {jfjf64} .35 breakout

[14:23] {jfjf64} ect

[14:23] {jfjf64} correct

[14:26] {Les} managed to screw the stop loss on my FAZ l. stopped -.02.

[14:34] {RonS} aapl rotten

[14:35] {RonS} jobs says aapl to have aids...

[14:35] {RonS} wait, that was iads...

[14:37] {Threei} so, just as we discussed break or headfake, market reversed and dropped back to low

[14:37] {Threei} thus, we again have this eternal question

[14:37] {Threei} breakdown or headfake

[14:38] {Threei} (EU) EU's Juncker: Confirms that EU finance ministers have confirmed the details of the 750B Euro Zone bailout package

[14:41] {Threei} bailout package, to be "functional" this month

[14:41] {Threei} - Fiscal policy stance in the Euro Zone will clearly be "restrictive" by 2011.

[14:41] {Threei} - Special Purpose Vehicle (SPV) will be set up as a limited liability corporation to administer the bailout package.

[14:41] {Threei} - To hire CEO for the SPV soon.

[14:42] {Threei} Europe will pursue fiscal consolidation after 2011.

[14:42] {Threei} wow

[14:42] {Threei} ambitious

[14:42] {Threei} good luck

[14:42] {nemo} funny, actually

[14:42] {Les} voters say "over our dead bodies"

[14:43] {Threei} no kidding

[14:43] {Threei} fiscal consolidation? wars were fought over less significant issues

[14:43] {Threei} one actually over pretty lady

[14:44] {Threei} pretty by that time standards btw

[14:45] {Threei} - Estonia has won ministerial approval to join the Euro Zone from 2011.

[14:45] {Threei} {Estonia} did I really?

[14:46] {RonS} ...the city of denver has become estonia.

[14:46] {Les} With Russian tanks on border saying otherwise...

[14:46] {RonS} ...more pot dispensaries than starbucks...

[14:46] {nemo} things might fall off the cliff here

[14:46] {Threei} (EU) EU's Rehn: There now is zero uncertainty on Europe's promise to provide 440M in financial backing, if needed

[14:46] {Threei} thank goodness, said market and dropped

[14:46] {Les} good. s AUY .92

[14:46] {RonS} aapl is really heavy...

[14:47] {nemo} unless they can't float the bill

[14:48] {Threei} by the way, ancient Freeks were the ones warring over that damsel

[14:48] {Threei} Greeks

[14:49] {RonS} freeky too...

[14:49] {Threei} lol

[14:49] {Threei} freudian mistype

[14:50] {RonS} ...actually the ancient celts were the freaky ones...

[14:50] {Les} cover half auy +.08

[14:53] {Threei} (IA) US planning to provide the resolution on Iran this week

[14:53] {Threei} - Note: Germany, Russia, and China among other members of security council voiced their support over the weekend

[14:54] {RonS} ...how do you spell weak?

[14:55] {RonS} ...the Chinese won't even reign in that idiot in no. korea

[14:55] {Threei} self-reigning USA is the only one successfully fighting for the title of self-imposed idiocy

[14:56] {Les} faz 17 break?

[14:56] {RonS} ...and the russian are going to prevaricate while they bask in their delusion of granduer.

[14:56] {Threei} chart wise, yes... all today's expertience wise, no

[14:56] {Threei} don't know what to say Les

[14:57] {nemo} fas more likely at the moment les

[14:57] {Threei} everything in me says market is not done punishing everything and everyone for Europe

[14:57] {Threei} but it doesn't translate into entries today

[14:57] {dino} ok chaos time, back in 10

[14:58] {Threei} oh good

[14:58] {Threei} now dino factor is being introduced too

[14:58] {nemo} that means faz should work

[14:59] {Les} I'm in

[14:59] {nemo} I was kidding?

[14:59] {Les} yeh yeh

[14:59] {nemo} [14:56] {nemo} fas more likely at the moment les

[14:59] {Les} get a life man

[15:00] {Les} let me put smiley face here:

[15:00] {Les} :)

[15:00] {Les} there, a joke nemo. it was a joke

[15:00] {nemo} you stopped out yet?

[15:01] {Les} yeh

[15:01] {Threei} I was not about to try and actually trade these counter-setup moves today,

[15:02] {Threei} but if tomorrow we see first reversal like this, going to try

[15:02] {nemo} fcx didn't move on this little up move, but absorbing huge volume

[15:06] {Les} 2nd half auy covered +.03

[15:09] {patience} i went all in around 1:30 eastern time....let's see how i do with overnight holds

[15:09] {nemo} wow

[15:10] {Les} long?

[15:10] {patience} yup

[15:13] {dino} turnaround tuesday

[15:13] {nemo} nah...this is consolidation before the next big leg down :)

[15:17] {Threei} FCX short was seriously tempting

[15:17] {Threei} too bad I resisted

[15:17] {dino} issue is the ndx gap at 1796 imo

[15:17] {nemo} yeah, I watched order flow, big seller at 60, couldn't lift

[15:19] {nemo} I wonder if they'll hit the fire alarm?

[15:21] {dino} seems so

[15:21] {nemo} When Black Tuesday comes....

[15:21] {Threei} FCX bounce time

[15:22] {jfjf64} watchin

[15:22] {jfjf64} .40

[15:24] {nemo} imo no short covering today

[15:24] {nemo} big offer .25 fcx

[15:25] {nemo} gone

[15:26] {Threei} one more leg down

[15:28] {jfjf64} lot fakeouts today

[15:29] {nemo} real low volume today

[15:30] {nemo} o.k. maybe this week we get the fas/faz cross...

[15:30] {jfjf64} boy not to long ago we had our 11k hats on

[15:30] {nemo} what's this "we" stuff Tanto?

[15:30] {Threei} look at it this way: we now have two more parties ahead,

[15:31] {Threei} for 10K and 11K

[15:31] {Threei} and if we are lucky to drop under 9K, three

[15:31] {jfjf64} 9k

[15:31] {RonS} ...or 9k and 8k...

[15:31] {jfjf64} hope

[15:31] {Threei} yup

[15:31] {nemo} or 7 and 6

[15:31] {jfjf64} fcx dropin

[15:31] {nemo} then of course, there's the Armageddon party

[15:31] {jfjf64} .56--.50

[15:32] {nemo} might get a bit of a bounce here if market bounces

[15:33] {RonS} ...kinda feel guilty...just noticed mags not here...

[15:33] {Threei} he left 20 min ago

[15:34] {jfjf64} one more leg down

[15:34] {jfjf64} fcx

[15:34] {Threei} .80 break

[15:34] {Threei} rime to try

[15:34] {jfjf64} k

[15:34] {dino} 118.87 euro/fxe

[15:35] {Threei} half out

[15:35] {Threei} or scalp if you want

[15:35] {jfjf64} ty

[15:35] {jfjf64} +13

[15:35] {dino} whr sm l .24

[15:41] {dino} stopped -.35

[15:42] {Threei} somewhat disappopinting day for me, even though positive

[15:42] {Threei} I had this feeling from Friday that we are in serous wave of selling

[15:42] {Threei} and couldn't find reloable short entries

[15:42] {nemo} Black Tuesday :)

[15:42] {jfjf64} fcx burried

[15:43] {jfjf64} wow

[15:46] {dino} -20% in 4 days

[15:48] {RonS} pretty much tracking the price of copper...although there was some significant negative separation today

[15:49] {dino} ndx filled

[15:52] {dino} fcx was 91 in april, brutal

[15:54] {jfjf64} good day all

[15:54] {RonS} cya jf

[15:55] {Les} not really. hoping tomorrow is better. ciao jf

[15:55] {Threei} take care jf

[15:55] {jfjf64} ciao

[15:55] {jfjf64} tell admin will touch base

[15:57] {dino} later all, thx

[15:57] {Les} ciao

[15:57] {RonS} cya dino

[15:57] {Threei} take care dino

[15:57] {Threei} thank you all

[15:57] {Les} night

[15:57] {Threei} have a good evining, see you tomorrow

[15:57] {Les} u too

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.

13 2010

The day started very well with 30 something cents win on LVS, strong long on WFC, scalp on BIDU... and then turned into total boredom with no clear setups, aside of couple news plays.

Session Time: Thu May 13 00:00:00 2010

[08:00] {Threei} :02 DVAX Wedbush Morgan Raised DVAX to Outperform from Neutral, price target: $ 6

[08:00] {nemo} anybody take bidu overnight?

[08:02] {Threei} why would we

[08:02] {nemo} well, it did finish near the highs strongly

[08:03] {Threei} yes but it's so market-dependent

[08:03] {Threei} and anyone forecasting how market is going to open next day these days...

[08:03] {Threei} we live in era of 400 pont gaps :)

[08:04] {Threei} I am shuddering of mere thought of getting caught into such gap on the wrong side

[08:13] {Threei} US) Preview: Initial jobless Claims due at 08:30 ET (12:30 GMT)

[08:13] {Threei} - Expectations for initial claims are 440Ke v prior week at 444K

[08:17] {Threei} DVAX is interesting

[08:30] {Threei} US) APRIL IMPORT PRICE INDEX M/M: 0.9% V 0.8%E; Y/Y: 11.1% V 11.3%E

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 444K V 440KE; CONTINUING CLAIMS: 4.627M V 4.59ME

[08:38] {Threei} serious sizes change hands on DVAX

[08:47] {Threei} EUR/USD Sets fresh session lows, approx 30 pips from last week's low at 1.2518

[08:47] {Threei} that damn wolfpack just won't let go

[08:48] {Threei} I think it's tiome for another trilion - that'll show them

[08:50] {Threei} June crude futures move to new multi-month lows ahead of open for floor trade in NY

[08:50] {Threei} - trades toward $74 through last week's European debt crisis low of $74.50

[08:50] {Threei} certainly time for another trillion

[08:51] {Les} morning

[08:51] {Threei} hey Les

[08:51] {nemo} afternoon

[08:52] {Les} and another crummy afternoon it is. bit warmer in the states is it?

[08:53] {nemo} clear and cool in the Northeast

[08:53] {Threei} it's a big continent...

[08:53] {Threei} sunny and warm here

[08:54] {Les} that would be nice

[08:54] {Threei} air is thick with flower/ocean scent

[09:01] {Threei} ECB's Bini Smaghi: Recent sovereign debt ratings downgrades raise certain doubts, would be a mistake for ECB to depend on ratings

[09:01] {Threei} yes.. let's depend on them when they upgrade and ignore when downgrade

[09:01] {Threei} - Would be "ridiculous" to compare Greece with Argentina

[09:01] {Threei} Argentina agrees

[09:07] {dptl} good morning

[09:07] {nemo} dp :)

[09:07] {Threei} dp :)

[09:08] {Threei} I hope it's not Wedbush Morgan selling all that DVAX

[09:08] {Threei} that would be unethical and immoral, right?

[09:09] {Threei} uh

[09:09] {Threei} oh

[09:09] {Threei} (EU) IMF"s Lipsky: cannot estimate quantity of aid will be dispersed this year , but at times a restructuring of debt is appropriate

[09:09] {Threei} that's a first official "ummm, maybe..."

[09:10] {Les} restructuring? that sorta a soft default is it?

[09:11] {Les} sorta a a a a... sort of a

[09:11] {Threei} exactly

[09:12] {Threei} "can't pay you back now, man, let's negotiate some changes so I get some relief, you know..."

[09:12] {Les} that'll do wonders for the Euor

[09:12] {Les} euro

[09:12] {Threei} "a little bit later, a little bit less interest, maybe forgive some of debt... better for you than if I collapse, right?"

[09:13] {Threei} no no no Les... that's all wolfpack's fault

[09:13] {Threei} speculators

[09:13] {Threei} CSCO CEO: people may have "over interpreted" his cautionary remarks on the conf call presentation yesterday - CNBC interview

[09:13] {Threei} lol

[09:19] {Threei} do we have some routes disconnected again?

[09:20] {Threei} no, dino's here

[09:20] {dino} gm all

[09:21] {Threei} dino :)

[09:21] {shorty} morning

[09:21] {Threei} shorty :)

[09:21] {RonS} hey y'all :)

[09:22] {Threei} don't know what to say on DVAX guys... chart looks good, upgrade gives nice target... but there is some pretty big seller lurking out thjere

[09:22] {lasertrev} good morning

[09:22] {Threei} Ron, trev :)

[09:22] {Threei} another interesting chart is VVUS

[09:22] {dino} regarding greece, its the old saying, when you owe the bank $100k its your problem, when you owe the bank $1million its their problem

[09:23] {Threei} yeah

[09:23] {Threei} that trillion, IMO, sealed Euro and EMU's fate

[09:24] {Threei} instead of amputation with its immediate pain they prefer slow gangrene

[09:24] {Threei} GR) Greece Public power union calls for 48 hour strike on May 25

[09:24] {dino} asps, good report and drops

[09:25] {RonS} dino, J Paul Getty coined that phrase in the '60's

[09:28] {Threei} no clear opening play here

[09:28] {RonS} looking at amsc for a squeeze candiate 13.5 mi short, 35% float

[09:28] {_stewy} morning to all:)

[09:28] {Threei} stewy :)

[09:28] {dino} sy 65 takeover

[09:28] {RonS} ...guess we need to wait for Mags list :)

[09:28] {Threei} if anyone got tempted by DVAX at 2, either look to scalp int morning spike, or hold for a swing trade

[09:28] {Threei} yeah dino

[09:28] {Threei} imagine holding shrt overnight

[09:28] {Threei} short

[09:29] {Threei} especially after this:

[09:29] {Threei} Yesterday 16:05 SY Hearing Cowen making cautious comments; does not see SY/SAP merger as synergistic

[09:29] {Threei} in 10 min:

[09:29] {Threei} Yesterday 16:15 SY Continues to move higher in aftermarket following WSJ report that SAP deal announcement could come as soon as today

[09:29] {Threei} and in 45:

[09:29] {RonS} ...sounds like they want an orcl bid...

[09:29] {Threei} Yesterday 17:00 SY Follow up: SAP to pay $65/shr for SY in merger - WSJ citing sources

[09:31] {ese} GM

[09:31] {Threei} ese :)

[09:31] {nemo} ford

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:33] {Threei} LVS

[09:33] {Threei} watching for bounce setup

[09:34] {Threei} not ready yet

[09:35] {Threei} F CEO: 2011 expected to have higher profits than 2010 - annual meeting commetns (12.78, +0.10, 0.79%)

[09:37] {Les} crap almost shorted aig

[09:38] {Threei} OK, let's see if we get double bottom LVS

[09:39] {Threei} .85 break long

[09:39] {Threei} if holding above .75

[09:41] {Threei} not a scalp fior me, if works can do much better than 10 cents

[09:42] {Threei} 1:1

[09:42] {Threei} half out and stop to under .80

[09:43] {Threei} scalpers are scalpers

[09:43] {Threei} unless they are scalopers

[09:43] {Les} yeh i'll take scalp ty

[09:43] {Les} let's see how market develops

[09:43] {Threei} sure thing

[09:44] {Threei} someone should replace fern as scalpers extraordinare

[09:44] {Threei} 1/4 more out

[09:44] {Threei} 1:2

[09:44] {shorty} Took .20..ty Threei

[09:44] {jfjf64} nice

[09:44] {Threei} but when he is back he will fight you for the title

[09:44] {Threei} welcome shorty

[09:45] {Threei} and jf... don't call me nice... I am anything but

[09:45] {shorty} fernp on vacation?

[09:45] {Les} I have no problem following in his footsteps. guaranteed $ maker fern is

[09:45] {Threei} health issues shorty, will take a few month to recover

[09:45] {Threei} out in full

[09:45] {magoo} morning

[09:45] {Threei} mags :(

[09:45] {Les} someone slap him with a roll of cash

[09:46] {shorty} If you talk to him, tell him shorty says hi.

[09:46] {Threei} I will do no such thing

[09:46] {ese} L dvax..00

[09:46] {Threei} last thing I want is more people thinking I am nice

[09:46] {shorty} lol

[09:46] {Threei} one jf is enough

[09:47] {jfjf64} lol

[09:47] {Threei} aww, still exited LVS too soon

[09:47] {dino} sm l flr .50

[09:47] {Threei} frikin 40 cents

[09:48] {dino} idsa sm l .13 thin gappy

06[09:48] * Threei slaps magoo around a bit with a large roll of missed cash

[09:49] {Threei} let's keep an eye on WFC

[09:49] {Threei} it traded somewhat meekly so far,

[09:49] {Threei} but if consolidates here and breaks .50, looks promising

[09:50] {Threei} LVS, don't do this to me

[09:50] {Threei} come back to eartjh

[09:50] {Threei} I have enough regrets in my life as it is

[09:50] {Les} don't I feel bad for scalping it

[09:50] {Threei} oh good, someone feels worse thatn I do

[09:50] {Threei} thank you les

[09:51] {Threei} my morning just became brighter

[09:51] {Les} your punching bag anytime :/

[09:51] {Threei} profited, slapped magool and found someone more miserable

[09:51] {nemo} aig coming into bounce?

[09:51] {Threei} shapes up as a great morning

[09:51] {Les} wfc?

[09:52] {Threei} nemo, I decided to stay away from AIG today, sorry

[09:52] {nemo} ?

[09:52] {dino} apol sm l .74

[09:52] {Threei} it's just too treacherous

[09:52] {Threei} probably ready Les

[09:52] {Threei} WFC I mean

[09:52] {Threei} watch market for guidance,

[09:53] {Threei} hopefully we get market spike/WFC pause

[09:53] {Les} vvus hod break?

[09:53] {Threei} beter yet, FAS

[09:53] {Threei} probably better guide for WFC

[09:53] {shorty} You watch the dj Threei for WFC?

[09:53] {Threei} SPY shorty

[09:53] {shorty} ty

[09:54] {Threei} VVUS... I think .50 - .55 zone,

[09:54] {Threei} but with strong market only

[09:54] {nemo} where stop on apol dino

[09:54] {Threei} VVUS looks like steady climb candidate but it won't go against market

[09:54] {Threei} here comes class warfare:

[09:54] {Threei} SP) Spain's CCOO union: austerity measures will damage growth and increase unemployment

[09:54] {Threei} - union suggests selective tax increases as an alternative

[09:55] {Threei} don't cut anything, just tax rich bastards

[09:56] {Threei} RINO Hearing Rodman and Renshaw making positive comments, reiterates $40 PT

[09:56] {dino} bingo

[09:56] {magoo} news GS vad or normal?

[09:56] {Les} s wfc .45

[09:56] {jfjf64} nflx

[09:57] {jfjf64} wow

[09:57] {Threei} nothing fvresh mags

[10:00] {shorty} See you guys in an hour

[10:00] {Threei} we will be here

[10:00] {Threei} WFC held well

[10:00] {dino} apol stopped-.26

[10:01] {Threei} decent market bounce should catapult it

[10:01] {Les} I hate it when you say things like that

[10:02] {Threei} hmm?

[10:02] {Threei} then you must hate me 99% of the time

[10:02] {dptl} in wfc

[10:02] {magoo} GOD DAMMIT this mIRC

[10:02] {Threei} I say things like this quite often, lol

[10:02] {jfjf64} x bounce 3i

[10:03] {Threei} need pullback to about .50, j for entry jf

[10:04] {Threei} desirably, brief dive under .50 and recross for buy

[10:04] {jfjf64} ty 3i

[10:04] {Threei} WFC 1:1 is coming

[10:04] {Threei} make up your mind

[10:04] {Threei} scalp of half

[10:04] {Threei} I have no indication

[10:05] {Threei} so personal decision

[10:05] {Threei} unlike LVS where I was very confident of bigger potential

[10:05] {dino} china hot today, cagc, pwrd, rino, snda

[10:06] {Threei} out with my scalp

[10:06] {dino} out flr -.31

[10:07] {Threei} strider, you here?

[10:08] {magoo} im looking for .80- area wfc

[10:08] {Threei} who partialed WFC, congratulations

[10:08] {Threei} 1:2

[10:09] {dptl} ty wfc Vad +.10

[10:09] {Threei} welcome

[10:09] {Threei} now les, fess up... why oh why do you hate me

[10:09] {Les} 15:56 Les s wfc .45

[10:09] {Threei} oh... I missed that

[10:09] {Les} 16:00 Threei WFC held well

[10:10] {Threei} so what, covered for 6 cents and reversed

[10:10] {Les} y

[10:10] {Threei} and made out like bandit on a long side

[10:10] {Les} no

[10:11] {Les} should have held out for full 10 cents

[10:11] {Threei} like half-bandit?

[10:11] {Les} one armed bandit yeh

[10:11] {Threei} lol

[10:11] {Les} sometimes you eat the money sometimes you pay it out

[10:11] {Threei} and sometimes it rains?

[10:12] {Les} indeed

[10:12] {Les} aig .75 break?

[10:12] {Les} or you not playing?

[10:13] {Threei} no, not today

[10:13] {Threei} I want to distance myself from AIG for a day or two

[10:13] {Threei} and reevaluate my view on how it moves

[10:13] {dino} nflx wow

[10:13] {magoo} nflx nuts

[10:14] {Threei} NFLX today looks like one of those that will invoke quite a few wows before the day is over

[10:14] {Threei} HGSI Hearing takeover chatter circulating

[10:14] {Threei} - Glaxosmithkline rumored as a potential acquirer (26.98, +0.74, 2.82%) (related GSK )

[10:15] {jfjf64} cenx .06 break

[10:16] {dino} amed afam

[10:16] {Threei} looks right jf, jusr very slow

[10:16] {Les} took nflx for a scalp .50

[10:17] {ese} out dvax.00 even.....this was goin nowhere fast

[10:17] {Threei} something's worng with it ese

[10:17] {RonS} dino, U.S. lawmakers investigating home healthcare cos 05/13 08:14 AM

[10:17] {Les} now that made out like a bandit for just 200 shares

[10:17] {ese} ya i think so vad

[10:17] {Les} took it on a .75 pullback

[10:18] {magoo} thinking .83 WFC

[10:18] {magoo} .87

[10:18] {magoo} .91

[10:18] {Les} you still holding wfc mags?

[10:18] {magoo} yup

[10:18] {Les} lol damn

[10:19] {Threei} BIDU, interesting selling

[10:19] {Threei} should be a bouncer 15-20 cents lower

[10:19] {jfjf64} cenx

[10:20] {Threei} watch BIDU for bounce setup

[10:20] {jfjf64} ya ya

[10:20] {magoo} out .79 WFC triple

[10:20] {Threei} wtg

[10:21] {Les} took bidu for +.10 ty sir

[10:21] {Threei} sure

[10:21] {Threei} whew

[10:21] {Threei} .85 - .15

[10:21] {ese} nice one mags....just checked thqt out

[10:22] {Threei} diapers change

[10:23] {Threei} new wave of selling should take it under .50

[10:24] {Threei} ok... no entry then

[10:24] {Les} wfc doesn't look like stopping

[10:24] {dino} i am confused today

[10:24] {Threei} today? you are lucky

[10:25] {Threei} feel more and more confused by day oer last, umm, 20 years

[10:25] {Les} alzheimers

[10:25] {dino} my regulars are all pretty much up, but markets are not, except ndx. sort of backwards

[10:26] {magoo} ese, .48 to .79 3k

[10:26] {Threei} wow BIDU

[10:26] {magoo} like that type best anymore, F aapl

[10:26] {dino} 800

[10:26] {Threei} not ready for bounce yet

[10:27] {nemo} bounced at pivot support

[10:27] {magoo} im kinda evolviong into bigger shares, less move

[10:28] {nemo} becoming one with ese

[10:28] {magoo} i guress SY one day wonder vad, limited range today

[10:28] {nemo} the price is in

[10:28] {Threei} buyout mags

[10:28] {Threei} it was true

[10:29] {magoo} oh, whats price ?64?

[10:29] {Threei} confirmed after hours

[10:29] {magoo} oh, i left early daughter sick

[10:29] {Threei} 65

[10:29] {magoo} shes here today, only 7

[10:29] {Threei} we will behave

[10:30] {Threei} UNG

[10:30] {Threei} EIA NATURAL GAS INVENTORIES: +94 BCF VS. +100 +105 BCF ESTIMATE RANGE

[10:30] {Threei} - 8th straight weekly build in natural gas inventories

[10:31] {dino} sm l .95

[10:31] {nemo} what stock dino?

[10:31] {dino} vit

[10:31] {ese} Lnvda .09 aggressive entry looking for .10 break

[10:32] {ese} gettin mrkt help ....thats good

[10:32] {Les} watching from sidelines now. bidu has made my day

[10:32] {Threei} BIDU is almost ready

[10:32] {Les} ok. maybe one more time

[10:33] {dino} all green

[10:33] {Threei} SOMX Hearing Harry Boxer makes positive comments

[10:33] {dino} he should shave

[10:33] {Threei} lol

[10:33] {ese} les what was your move with bidu.......missed your call

[10:34] {magoo} dont see much positive coming out of harry boxeers

[10:34] {Threei} ese totally ignores me today

[10:34] {nemo} ha! BIDU broke out of an Inverse H&S just like it did yesterday morning

[10:34] {Threei} LVS, WFC, BIDU

[10:34] {dino} i don't blame him

[10:35] {ese} sorry vad what did i miss

[10:35] {Les} can't call it ese. I short on the bounce. long on the pullback .5 cent stops

[10:35] {Threei} yeah dino, now tnhat I think about it...

[10:35] {ese} ahhhhhhhhhh appologies

[10:35] {ese} out nvda .15

[10:35] {ese} +.06

[10:36] {ese} ouuuuuuuu 2 seconds more and???????

[10:36] {RonS} ese, nvda reports ah

[10:36] {dino} elx l .65

[10:36] {ese} ya today after mrkt close i believe shorty

[10:37] {ese} if i read the mrkt for nvda....they like whats coming

[10:48] {nemo} .

[10:49] {magoo} 714 was the split, so 71 dollar was bidu lel , and that = 714 which is nuts

[10:50] {magoo} so, it could see 71 (not saying it will)

[10:50] {Les} another +.54 on bidu. not risking anymore. c u's tomorrow

[10:51] {Les} I've got some reading for studies to do

[10:51] {dino} goog goes back to china bidu could see 50

[10:51] {dino} cya les

[10:51] {Les} I love the idea of clearing $350 in 1 1/2 hrs

[10:51] {Les} screw work

[10:52] {magoo} right, my point dino, x 10=500, totally possible

[10:52] {Threei} take care Les, good job

[10:52] {jfjf64} this is work no vad

[10:52] {ese} yup....that'll keep yo in switzerland for sure les

[10:56] {ese} be back in 30.....taking the kids to school

[11:00] {nemo} AWIAV?

[11:00] {magoo} [11:01] {nemo} AWIAV?

[11:01] {Threei} no

[11:01] {magoo} have to consider today could be THE day to ROT

[11:01] {Threei} yes but

[11:01] {Threei} BIDU

[11:01] {Threei} 71 break seems workable

[11:01] {magoo} 71?

[11:01] {Threei} 79

[11:02] {magoo} CRAP..8 ponts in a sec

[11:02] {nemo} half lot

[11:02] {nemo} ?

[11:02] {magoo} joke

[11:02] {Threei} invalidated

[11:02] {nemo} db bounce maybe

[11:03] {magoo} im wondering if its the days greatest short and may hit 71 today, seriously

[11:03] {Threei} RIG Affiliates File Limitation Of Liability Petition

[11:04] {strider} CVGI thin

[11:08] {Threei} strider... look dcc pls

[11:09] {nemo} quote server please

[11:09] {nemo} bidu just broke yesterday

[11:09] {Threei} 17

[11:09] {nemo} close

[11:09] {dptl} 3

[11:17] {RonS} .

[11:18] {nemo} bidu breaking trend line

[11:18] {dino} flr sm l .35

[11:21] {dino} cyd sm l .70

[11:29] {Threei} BIDU

[11:29] {Threei} seems riping for bounce

[11:31] {nemo} not yet

[11:31] {Threei} one more leg down

[11:31] {jfjf64} good day all got to run

[11:32] {Threei} take care jf

[11:32] {dino} cya

[11:32] {nemo} lotta' volume on this leg down bidu

[11:32] {jfjf64} going to cavs gm tonight

[11:32] {nemo} I'm a celts fan :)

[11:32] {magoo} shorted .00, cov .45

[11:32] {magoo} bidu

[11:33] {jfjf64} nice nemo

[11:33] {nemo} 20 miles from boston

[11:33] {jfjf64} im a ticket broker

[11:33] {nemo} nice

[11:33] {jfjf64} need cavs to win tonight need game 7

[11:34] {jfjf64} $$$$$$$$$$$$$$$$$$$

[11:34] {nemo} I don't

[11:34] {magoo} where long vad? near .11

[11:34] {jfjf64} lol

[11:34] {Threei} no idea, can't tell in advance

[11:44] {nemo} maybe inverse H&S on Bidu?

[11:45] {Threei} probably... too jumoy to tell

[11:45] {Threei} jumpy

[11:46] {Threei} was a bit more manageable yesterday

[11:46] {nemo} well, right now, looks like that's what it's building

[11:46] {Threei} yes

[11:46] {Threei} ETFC Shareholders approve board proposal for 1-for-10 reverse stock split

[11:48] {Threei} US) EPA finalizes greenhouse gas emission rules, new regulations cover plants emitting +100K tons of Co2 per year

[11:49] {_stewy} 3i, thx. must go. see you in the a.m.

[11:49] {Threei} take care stewy

[11:50] {nemo} fas

[11:50] {nemo} sorry

[11:50] {nemo} wow nflx up big again today

[11:53] {strider} dino, you still in CYD?

[11:56] {dptl} jwn short?

[11:56] {dino} y

[11:56] {dino} watching vit for re-test lod, was stopped earlier

[11:56] {Threei} hard to tell dp... thin...

[11:57] {dino} amed, afam, hmmmm

[11:57] {dino} amed 51.75 maybe sm l

[11:57] {dptl} ty

[12:12] {dptl} tie short?

[12:13] {dptl} .70?

[12:13] {Threei} nah

[12:14] {dptl} tell why you don't like it..... please?

[12:17] {Threei} too narrow and slow, and the way market goes,

[12:17] {Threei} there is a good chance that market reverses before it gives you your profit

[12:18] {dptl} ok ty

[12:19] {dino} apol lod

[12:20] {dino} vit sm l .26

[12:23] {dino} apol .08 sm l

[12:32] {Threei} US) Administration Advisor Volcker: Argument can be made for a 'stiff' carbon tax; must start to discuss topic of higher taxes in the US

[12:32] {Threei} - says US recovery going better than anticipated, could continue if there are no external shocks

[12:33] {Threei} can you believe this?

[12:33] {dino} out of touch

[12:33] {Threei} argment can be made they all are morons

[12:33] {Threei} and I will win this argument

[12:33] {dino} why can govt never cut spending?

[12:34] {dino} argument can be made my way too

[12:36] {dino} amed sm l .91 risky

[12:43] {dino} bac a c also made $ every day trading last quarter

[12:44] {dino} lft spike

[12:45] {Threei} LVS

[12:51] {Threei} where is New Year at this time?

[12:51] {dino} sm s lft .25

[12:52] {Threei} 'cause I got e-mail offering me another 5 million dollars starting with:

[12:52] {Threei} Dearest in Christ.

[12:52] {Threei} May this New Year be a song of thanksgiving, an offering of praise, a celebration of God's love in his amazing grace, a joyous New Year to you and your family, Happy New Year.

[12:52] {Threei}

[12:53] {Threei} okay...

[12:53] {dino} a bit late for new year

[12:53] {nemo} Dearest in Anti-Christ maybe...

[12:54] {dino} whatever, just take the money

[12:54] {dino} lft stopped -.26

[12:54] {Threei} I can't help but wonder... these guys just can't be that removed from rfeal life to think thnat USA is in any kind of shape for higher taxes... can they?

[13:00] {dino} i think you miss the point 3i. they don't care. they just want votes from average guy, who belives all of this crap. it is that simple

[13:00] {Threei} no, I understand...

[13:00] {Threei} I guess I just don't want to believe it

[13:00] {dino} if they really cared about the country they would cut spending.

[13:00] {nemo} spending=votes

[13:01] {dino} believe it and set yourself free

[13:01] {Threei} see, I already have seen it all

[13:01] {Threei} country run into the ground by people who just didn't care about anything but the nearest career step

[13:01] {Threei} nobosy cared about anything

[13:02] {Threei} I know how it ends

[13:02] {dino} why do you think they have been dumbing down the testing in schools since 1990s? dumb down the people who eventually vote, they believe everything they read and hear. i tell my kids to question everything.

[13:03] {Threei} it just painful to realize that the best country in the world follows those same steps

[13:03] {magoo} MCO

[13:03] {magoo} MCO

[13:03] {dino} its all about power

[13:03] {dino} greed

[13:03] {dino} and of course the politics of envy

[13:03] {nemo} wow, what's with mco

[13:03] {Threei} US) Senator Franken (D-MN) amendment to create a new credit rating system close to passage; vote ongoing

[13:03] {Threei} - amendment also calls for increased regulation of credit rating agencies

[13:03] {Threei} - final vote 64-35

[13:03] {Threei} Related (MHP MCO FIM.FR )

[13:04] {dino} welfare has doomed generation after generation to poverty for most that take it

[13:05] {dino} obamination won the cities not the states

[13:06] {Threei} (US) Fed's Bernanke: Have concerns about Congress's proposals that force spin off of swaps desks from banks

[13:12] {Threei} what do you know... Harry Boxer actually called profitable trade

[13:12] {Threei} SOMX

[13:12] {Threei} too bad we haven't trusted him

[13:13] {Threei} BP Spokesperson: The smaller containment structure will not be in place until next week

[13:13] {dino} lft rinsed

[13:14] {Threei} Deutsche Bank AG CEO: Euro Zone rescue package helps stabilize Spain and Italy, warns Portugal is a different issue

[13:14] {Threei} - Notes that there is some doubt that Greece can repay debt over a period of time; Italy, Spain are strong enough to service their debt.

[13:14] {Threei} - Comments that there is no risk of inflation in the Euro Zone over the next 2-3 years.

[13:14] {Threei} - Portugal will have more trouble servicing its debt than Spain or Italy.

[13:14] {dino} out vit .86, +.70

[13:14] {dino} opps, +.60

[13:14] {strider} had me scratcvhing my head, there dino.

[13:14] {dino} lol

[13:14] {strider} that's scratching in yiddish.

[13:15] {dino} my mind is tired, keep looking at wrong stocks

[13:15] {strider} you still in amed?

[13:15] {dino} y

[13:16] {strider} CYD sure is disappointing.

[13:16] {dino} stop is .54

[13:16] {Threei} crap

[13:17] {dino} understatement

[13:17] {Threei} had a feeling LVS was getting ready for a move,

[13:17] {Threei} but pullback was a bit too deep

[13:17] {Threei} so I dismissed it

[13:19] {strider} APOL looks like a move coming

[13:21] {dino} in at .08

[13:27] {Threei} wow

[13:28] {Threei} I thought I heard all the nonsense there is for the day

[13:28] {Threei} but this takes a prize:

[13:28] {Threei} ECB's Quaden: the Euro saved the EU from experiencing a currency crisis

[13:28] {nemo} in the short term

[13:29] {RonS} ...circular thinking or circle jerk...

[13:29] {nemo} with 60 grit

[13:30] {Threei} must be nice to have this total disconnection of tongue from brain

[13:30] {Threei} GERN Announces Positive Study Data on GRNCM1 (5.76, +0.03, 0.52%)

[13:30] {strider} We talking about les?

[13:30] {Threei} oh come on, he is not here

[13:31] {strider} oh. OK. Didn't realize. That's not fair.

[13:31] {strider} I retract my statement.

[13:31] {strider} Are wwe talking about (fill in your favorite politician here)?

[13:31] {Threei} reported positive preclinical study data showing that GRNCM1, Gerons cardiomyocyte product derived from human embryonic stem cells (hESCs), does not cause cardiac arrhythmias after transplantation into a model of chronic heart damage designed to test this potential safety concern. GRNCM1 is being developed for the treatment of heart failuure

[13:33] {shorty} Are we in anything?

[13:33] {nemo} NO

[13:33] {strider} I"ve got 1 of everything.

[13:33] {dino} y

[13:33] {nemo} Oh yeah...dino

[13:34] {shorty} I could have guessed that dino was.

[13:35] {dino} amed

[13:35] {Threei} AMED Issues statement; will cooperate wiht Senate inquiry

[13:35] {Threei} The letter of inquiry received from Senators Grassley and Baucus references an article published recently in The Wall Street Journal. The article told an incomplete story about the value of home health to patients, their families, and the overall healthcare system.

[13:35] {Threei} - CEO: "We will cooperate with the Committees inquiry. We also look forward to discussing with the Senators the many benefits and advantages home health care provides for the millions of Americans our industry serves"

[13:35] {dino} lol

[13:37] {Threei} ECB's Quaden: Inflation is gone, and will allow period of low interest rates

[13:38] {Threei} inflation be gone... deflation be embraced

[13:39] {dino} these politicians are idiots

[13:40] {Threei} well... yeah

[13:40] {Threei} lol

[13:40] {Threei} but this situation goes well with theor ideology

[13:40] {Threei} I mean, zero or close to it rates

[13:40] {Threei} who does it work for, rich guy or their beloved have-not class?

[13:41] {dino} just wait until they suggest to outlaw market and bond and currency drops

[13:41] {Threei} widely hated rich guy has no return on his money in money market

[13:41] {Threei} and doesn't benefit from cheaop loans since he doesn't borrow

[13:42] {dino} it works for the banks only 3i, they borrow at zero and loan at 4 or 5%

[13:42] {Threei} poor bum on the other hand gets almost free loans, and has no money to earn interest on

[13:42] {nemo} bidu touched uptrend line

[13:43] {dino} or as they do in us, borrow at zero and then buy govt bonds/notes, no risk spread

[13:43] {Threei} nice racket

[13:43] {Threei} unless givt plans to default on those

[13:44] {dino} defaults are soon to be outlawed as you see in euro

[13:44] {Threei} well, socialistic govt in US may do it just put of spite

[13:44] {dino} out amed +.03 bad entry

[13:45] {Threei} "we owe you? nope... we don't.'

[13:45] {dino} next, you cannot fire or layoff workers, mr reardon

[13:50] {Threei} MCO shrugged it all off after all

[13:50] {Threei} US) Fed's Fisher: Observing some stronger growth prospects in the US economy

[13:50] {Threei} wow...

[13:50] {Threei} what a great visionary

[13:51] {nemo} Fischer's gone over to the dark side

[13:51] {Threei} or off the deep end

[13:54] {strider} BIDU

[13:59] {Threei} (US) Fed's Kocherlakota: There is no need at the moment to extend swap lines to China

[13:59] {Threei} no?

[13:59] {Threei} strange

[14:00] {Threei} GERN almost all the wat back

[14:03] {dino} should've held onto vit

[14:03] {dino} gut says we go up

[14:04] {strider} CVGI near 2 year high

[14:04] {dino} cf sm l .20

[14:05] {Threei} strider, look PM please

[14:14] {Threei} The Goldman Sachs Group Inc Goldman's Abby Joseph Cohen: Our client businesses remain quite robust - CNBC

[14:14] {Threei} - sees S&P 500 at 1250, all things considered from fundamental perspective

[14:14] {nemo} I'm surprised somebody hasn't shot her yet

[14:14] {Threei} lol, why

[14:15] {Threei} I don't follow her much

[14:15] {nemo} I can't stand listening to her

[14:15] {RonS} ajc...perma-bull...

[14:23] {RonS} 3i, short bidu 76 break?

[14:23] {nemo} 76 or .76

[14:23] {Threei} I don't have a grip on it today

[14:23] {magoo} i wouldnt

[14:23] {Threei} and, 76??

[14:23] {Threei} it's 90 cents from there

[14:24] {RonS} ...just preparing...i am slow like politician...

[14:24] {Threei} lol

[14:24] {Threei} but, how to tell in dvance not knowwing how it gets there

[14:25] {Threei} envision sharp drop from here

[14:25] {Threei} 80 cents in one long red bar

[14:25] {Threei} will you short it at 76?

[14:25] {dino} cf stopped -.27

[14:25] {RonS} oh ya, keep forgetting that lecture

[14:25] {Threei} :)

[14:25] {Threei} folks, just in case you forgot

[14:25] {Threei} or didn't know:

[14:25] {Threei} US) President Obama: US economy is headed in the right direction

[14:26] {strider} Well, at least we know what APOL should cost.

[14:26] {strider} That's one less thing.

[14:26] {dino} ?

[14:27] {strider} Just looking at the chart for last 30 minutes.

[14:27] {Threei} NFLX Hearing UBS downgrades to Sell from Neutral

[14:27] {strider} Seem to have reached a consensus.

[14:27] {Threei} hmmm

[14:27] {Threei} this is rare case

[14:27] {Threei} usually they only upgrade at the highs

[14:28] {RonS} ...maybe they called Les.

[14:28] {RonS} dino, you still in elx...the offers have been relentless

[14:29] {dptl} mco short?

[14:29] {Threei} well... market is dropping...

[14:29] {Threei} maybe just as a following

[14:30] {Threei} by itself, it's not really a short

[14:30] {dptl} hmm...ok ty......

[14:32] {Threei} say what?

[14:32] {Threei} president just said we gain jobs 4 months in a row

[14:33] {Threei} what did I miss?

[14:33] {strider} NFLX

[14:33] {RonS} ...did he say that in Buffalo?...teaching the world what buffaloed means...

[14:34] {Threei} yes

[14:34] {Threei} speaks right now

[14:34] {Threei} I saw a slowdown of job losses

[14:34] {Threei} I haven';t seen gain

[14:34] {Threei} unless I misunderstood something

[14:35] {dino} you are correct

[14:35] {Threei} BP Senate reportedly blocks bill aimed at removing oil spill liability limits

[14:35] {dino} lies, lies, and more lies

[14:35] {RonS} i just hope he saw this: http://www.breitbart.tv/buffalo-billboard-to-obama-i-need-a-freakin-job/

[14:35] {Threei} -BP spiked

[14:36] {dino} same as gm saying they paid govt back

[14:36] {Threei} sigh

[14:36] {RonS} Effort to Raise Oil-Spill Damages Limit Blocked in Senate 05/13 12:34 PM

[14:37] {Threei} I'd expect BP to do more on this

[14:37] {RonS} sorry 3i...did not see your post...

[14:37] {Threei} this seems to be abig frikin deal

[14:41] {Threei} no worry Ron, good to have insurance

[14:42] {Threei} US) Senators from states of California, Oregon and Washington introduced legislation to ban oil drilling off the West Coast - Businessweek

[14:43] {nemo} all six of them

[14:43] {Threei} - The measure would amend the Outer Continental Shelf Lands Act to impose a permanent ban on drilling off the three states.

[14:43] {Threei} letter in the local paper, I just have to share it with you

[14:43] {Threei} a gal writes:

[14:44] {Threei} I don't get it, why do we continue drilling, and using oil at all,

[14:44] {Threei} are we blind, or idiots?

[14:44] {Threei} What could be simpler:

[14:44] {Threei} use solar, wind, tode, don't buy cars, use bikes, walk and take bus.

[14:45] {Threei} That's it, problems solved.

[14:45] {Threei} I am so ful of envy... her world must be beautiful

[14:45] {Threei} everything is so simple

[14:46] {shorty} Have you seen the wind turbine in Toronto when it's 40 C, and the demand for energy is up?

[14:47] {Threei} it tries to fly away?

[14:47] {shorty} Yes it does, but it needs wind to do that.

[14:48] {Threei} so, it buys a jet, attaches it, buys gasoline... and flies

[14:48] {shorty} lol

[14:48] {Threei} but seriously... life is great for that gal

[14:48] {Threei} reminds me a soviet joke...

[14:49] {Threei} professor takes exam, course is called scientific communism (real thing btw)

[14:49] {nemo} Soviet theology class

[14:49] {Threei} yes

[14:49] {Threei} student answers a few questions, with "I have no idea"

[14:49] {nemo} Heard all about it

[14:50] {Threei} questions go more and more basic,

[14:50] {Threei} finally come to:

[14:50] {Threei} what is socialism? capitalism? communism?

[14:50] {Threei} guy answers all of them with I have no idea

[14:50] {Threei} professor asks "young man, where areyou from'?

[14:50] {Threei} student says Uryupinsk

[14:51] {Threei} professor, crying bitterly: I want to live in Uryupinsk...

[14:52] {Threei} sigh... whatever

[14:52] {Threei} I hate you all

[14:52] {nemo} Oh, I get it

[14:52] {Threei} too late

[14:52] {Threei} I am cryting bitterly

[14:52] {RonS} now, THAT is funny...

[14:52] {nemo} Look....

[14:52] {Threei} and want to live i Uryupinsk

[14:52] {nemo} it doesn't translate so easily, you have to think about it

[14:52] {nemo} plus you don't see a face in the delivery

[14:53] {Threei} oh come on... it's my face

[14:53] {nemo} nevermind

[14:53] {Threei} why would you ever want to seee it

[14:53] {nemo} facial expression in the delivery

[14:53] {Threei} Nakabayashi Co to purchase day planner from the Japan unit of FC - price estimated at 500M

[14:54] {Threei} sh*t... it must be great day planner

[14:54] {Threei} oh... day planner business

[14:54] {RonS} ...i would plan for $400 mil

[14:54] {Threei} no kidding

[14:54] {shorty} crap! It's too late to get my money back from this course. I totally forgot.

[14:54] {nemo} ?

[14:54] {Threei} as if it was ever a good time

[14:56] {shorty} dino..CLF?

[14:56] {dino} out idsa .42, +.29

[14:56] {strider} Gotta run some errands, guys. See you in the morning.

[14:56] {Threei} lol... dino, don't tell him

[14:56] {shorty} lol

[14:56] {Threei} take care strider

[14:56] {strider} :)

[14:56] {Threei} BIDU

[14:57] {Threei} maybe soon

[14:57] {Threei} speaking of that short Ron

[14:57] {dino} clf depends on s/p dji imo

[14:57] {RonS} yep

[14:57] {shorty} I should know that by now dino...thanks

[14:57] {Threei} some consolidation, then bvreak with market's help

[14:58] {Threei} but keep it very reasonable size wise

[14:58] {Threei} volatility is horrific

[14:58] {Threei} well, not as bad is before split of course

[14:58] {dino} like here, .00 w/stop at lod perhaps

[14:58] {Threei} is = as

[14:58] {dino} not in

[15:00] {nemo} I gotta' head out too....cu morow

[15:00] {Threei} take care nemo

[15:00] {shorty} bye

[15:00] {Threei} BIDU looks very...

[15:00] {Threei} ominous

[15:01] {Threei} backed off from a brink

[15:02] {shorty} out + .14 CLF thanks dino for the help.

[15:04] {dino} gj

[15:11] {Threei} clarification:

[15:11] {Threei} British Petroleum plc Senate Republicans block Democratic effort to lift cap on liabilities owed for economic damages stemming from oil spills

[15:11] {Threei} - Senate Democrats, led by Senator Menendez (D-NJ), sought to raise the cap on economic damage claims agains oil companies for spills to $10B from the present level of $75M.

[15:11] {Threei} - The measure was blocked by Republicans on the basis that it would force smaller companies out of the offshore oil drilling market.

[15:12] {dino} not to mention retro-active law changes should be illegal

[15:12] {Threei} heh

[15:13] {shorty} Have a great day everyone. Thanks Threei.

[15:13] {Threei} take care shorty

[15:13] {dino} cya shorty

[15:13] {shorty} cya dino

[15:13] {Threei} not with this administration dino... remember AIG bonuses?

[15:14] {dino} it's just not right

[15:14] {dino} pretty good drop

[15:17] {Threei} SOMX is holding pretty well

[15:17] {dino} ndx gap from tues. 1940

[15:19] {Threei} US) Amendment to Senate financial reform bill that would require bankruptcy for troubled non-bank financial institutions will not likely pass; vote is ongoing

[15:19] {Threei} - Amendment proposed by Senator Sessions (R-AL)

[15:19] {Threei} - final vote 58-42

[15:22] {dino} clf sm l .50

[15:25] {Threei} Ron, you shorted BIDU?

[15:26] {RonS} did not...

[15:26] {Threei} aww

[15:26] {Threei} it nicely consolidated and broke

[15:26] {RonS} ...lesson for the future

[15:27] {Threei} anyway, see from the chart what I mean?

[15:27] {RonS} yes

[15:27] {Threei} :)

[15:31] {dino} cf sm l .50

[15:33] {dino} bwld l .00

[15:36] {Threei} GR) Reportedly explosion heard outside of main prison in Athens

[15:37] {dino} clf stopped

[15:38] {Threei} BIDU is cratering today

[15:39] {dino} cf stopped

[15:39] {dino} bwld stopped

[15:40] {RonS} :/

[15:41] {dino} not a good way to end day

[15:42] {Threei} USD moves to session highs against the CAD, EUR, GBP, and CHF

[15:43] {RonS} :) go $/CAD!

[15:43] {dino} ndx gap 1940 filled

[15:44] {dino} fdx l .00

[15:44] {dptl} have a good evening all

[15:44] {dino} cya

[15:44] {RonS} cya dp

[15:45] {dino} out fdx .26

[15:46] {dino} +.26

[15:46] {dino} well made up for the 3 misses

[15:46] {dino} w/that calling it a day, baseball tonight

[15:47] {RonS} cya dino

[15:50] {Threei} take care dp

[15:53] {Threei} yawn

[15:59] {magoo} nite all

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see youi tomorrow