Sep 21 2011

(Participation in the room in real time requires membership)

Who said FOMC days are not good for trading? Beautiful day with just one stop, and quite a few nice trades, including couple beauties on TZA. Do read the log to track those trades; as far as charts are concerned let me post an update for the SVM swing trade. As you see from updated chart below, a trade triggered at 7.25 today, confirming double bottom. Volume looks decent as well. What concerns me though is general market climate - end of day selling hit SVM based on general market selloff. So, we are in a situation where on its own, SVM looks ready to go up in positive or neutral market; whether it's capable of holding in negative or crashing one, remains to be seen.

Session Time: Wed Sep 21 00:00:00 2011
[09:14] {dino} gm all
[09:14] {Threei}  dino :)
[09:14] {nemo} for you dino:  http://bostonherald.com/blogs/sports/rap_sheet/?p=14158&srvc=home&position=recent
[09:14] {nemo} piece of work that boy
[09:15] {ese} gm
[09:16] {Threei}  ese :)
[09:17] {Threei}  ese, meant to show you a stock you may want to monitor
[09:17] {Threei}  look at FITB daily
[09:18] {ese} theres a blast from the past
[09:18] {Threei}  thought you'd recognize it :)
[09:18] {Threei}  announced didvidend increase yesterday
[09:19] {ese} pretty solid base....and dividend to bot
[09:19] {ese} boot
[09:19] {Threei}  daiuly to me looks like 10.80 - 11 zone breakout for long play
[09:19] {ese} me as well
[09:19] {dino} that rex is a piece of work
[09:19] {Threei}  just make sure Europe doesn't collapse, lol
[09:20] {Threei}  that'll put a kibosh on financial stocks
[09:21] {ese} Greeks were talkin yesterday...finally something happening...German economists say double dip recession not likely in Germany.....things are lookin up
[09:21] {dino} i/m not as confident as you
[09:21] {ese} Greeks won't default looks like
[09:21] {Threei}  I really doubt that optimistic view
[09:22] {dino} gut says they must
[09:22] {nemo} define default
[09:22] {Threei}  they are trying to keep brave face
[09:22] {nemo} they'll just dress it up and call it something else...like leaving the euro
[09:22] {ese} it's "de" "fault" of the Greeks
[09:22] {Threei}  math just doesn't work, ese
[09:23] {Threei}  Greece can't repay debt, no matter what
[09:23] {Threei}  and look at Italy CDS spread, to see how much realism is under that optimism
[09:23] {ese} anyway.....articles in "Marketwatch.com" yesterday....
[09:24] {Threei}  http://www.cnbc.com/id/38451750
[09:25] {ese} link not working
[09:26] {Threei}  works for me...
[09:27] {Threei}  anyway, Italy 5-yr is at 513
[09:27] {dino} ok now that we have broken ese' optimism, back to work
[09:27] {Threei}  this is borderline "point of no return" IMO
[09:27] {ese} lol
[09:27] {Threei}  FCX is on watch as short candidate
[09:28] {ese} link working now
[09:28] {Threei}  remember the opening volatility
[09:28] {larisa} gm :)
[09:28] {Threei}  larisa :)
[09:29] {Threei}  from the look of things, morning spike can take it into .40 - .50 territory where it's bound to be a short
[09:29] {Threei}  if it breaks down instead, let's wait
[09:30] {Threei}  total breakdown
[09:31] {Threei}  becomes bounce candidate
[09:31] {Threei}  half lot
[09:31] {Threei} Long Setup:  FCX  .30 break
[09:31] {Threei}  stop under .15
[09:32] {Threei}  in
[09:32] {nemo} you can have it
[09:32] {Threei}  ty
[09:32] {Threei}  not ready yet, out
[09:33] {patience} ty fcx vad, haven't even had first cup of coffee yet, amazing
[09:33] {ese} L orcl .50
[09:34] {Threei}  .15 break second try
[09:34] {ese} sm
[09:34] {Threei}  if holding 37
[09:34] {Threei}  half lot!
[09:34] {Threei}  target .60
[09:34] {Threei}  half out
[09:34] {Threei}  stop to .10
[09:36] {ese} L orcl avg .42
[09:37] {Threei}  stop to .25
[09:38] {Threei}  out second half
[09:38] {nemo} you see that buy on the offer go buy at .35?
[09:38] {Threei}  +.23 and .10
[09:38] {nemo} 1275 lots
[09:39] {ese} stopped orcl .21-.22
[09:39] {ese} knew i shoulda waited
[09:39] {Threei}  bought into sharp spike, ese...
[09:40] {ese} ya
[09:40] {Threei}  ORCL is a very heavy stock, not really a momo that can easily continue after spikes
[09:41] {ese} not something i do normally ......thought taht with the earnings report it had 31 in it
[09:41] {Threei}  (US) Preview: Aug Existing Home Sales due out at 10:00ET
[09:41] {Threei}  **Consensus expectation: 4.75Me v 4.67M prior
[09:41] {Threei}  it very well may but not in one gasp
[09:41] {ese} agreed
[09:43] {Threei} Short Setup: FCX  .20 break if stays under .30
[09:44] {Threei}  half out
[09:45] {ese} L orcl .25
[09:45] {Threei}  should lose 37 now
[09:45] {Threei}  stop to .25 for the balance
[09:47] {Threei}  ok FCX
[09:47] {Threei}  let's do it
[09:47] {Threei}  'cause you know... bees do it
[09:49] {Threei}  good boy
[09:50] {Threei}  1/4 more out
[09:50] {Threei}  stop to .21
[09:52] {Threei}  grrrrr
[09:52] {Threei}  targeted RIMM short on .25 break
[09:52] {Threei}  and missed it because of FCX bresakdown at the same moment
[09:54] {Threei}  let's trail last piece to .16
[09:55] {ese} out orcl 1/2  .35 +.10
[09:55] {ese} balance to .26
[09:56] {patience} in slw
[09:58] {Threei}  numbers are coming
[09:59] {dino} titn sm l .00
[09:59] {ese} orcl stopped balance .26
[10:00] {dino} cyou sm l .90
[10:00] {ese} hmmm shoulda rang the register at .40 would have been a nice day
[10:00] {Threei}  decent number
[10:00] {dino} gpc sm l .11
[10:00] {Threei}  *(US) AUG EXISTING HOME SALES: 5.03M V 4.75ME
[10:01] {Threei}  closed FCX
[10:02] {dino} ssys sm l .00 thinny
[10:09] {Threei}  watching LVS
[10:10] {ese} L orcl .23
[10:11] {Threei}  FCX, did you have to shake out last portion before continuing down?
[10:11] {nemo} it traded to vwap and dropped
[10:11] {Threei}  I overtightened stop?
[10:12] {nemo} guess I should have opened my mouth, I saw VWAP up there, and that's a magnet for price action
[10:12] {ese} out 1/2 orcl .30 +.07
[10:12] {nemo} couldn't figure out how to work it into an insult
[10:12] {Threei}  ahhh
[10:12] {ese} balance stopped .24
[10:13] {Threei} Long Setup:  FCX  .50 break
[10:13] {Threei}  if stays above .40
[10:13] {Threei}  oops
[10:13] {Threei}  sorry, confused symbols
[10:13] {Threei}  LVS
[10:13] {dino} fcx, cat, joyg, ilmn, major blood two days
[10:13] {Threei}  invalidated anyway
[10:14] {Threei}  bond market prices Greece default probability at 96%
[10:15] {dino} ilmn sm l .50
[10:16] {Threei} Long Setup:  LVS  .50 break if holding .40
[10:16] {Threei}  FCX, what a bottmoless pit
[10:16] {Threei}  LVS, target 1:3
[10:16] {Threei}  standard procedure
[10:16] {ese} specially fcx dino
[10:16] {ese} with a gap dn no less
[10:17] {ese} sorry 2 gaps dn
[10:17] {ese} have that on my screen
[10:17] {ese} got a plan for those
[10:18] {Threei}  1:1
[10:18] {dino} understand
[10:19] {ese} lol
[10:22] {Threei}  probably time for FCX bounce
[10:24] {Threei}  got away... thought of .50 break but happened a bit too fast
[10:24] {Threei}  let's see if oulls back for entry
[10:24] {Threei}  OK
[10:24] {Threei}  drop under .50,
[10:24] {Threei}  holding above .40,
[10:24] {Threei}  .50 recross
[10:24] {Threei}  that would be my long setup from here
[10:26] {Threei}  here we go
[10:27] {Threei}  invalidated
[10:30] {dino} ssys stop -.33
[10:30] {dino} ilmn stop -.33
[10:31] {Threei}  oil inventories...
[10:31] {Threei}  *DOE CRUDE: -7.33M V -1ME; GASOLINE: +3.3M V +1ME; DISTILLATE: -875K V +1ME; UTILIZATION: 88.3% V 86.6%E
[10:31] {Threei}  USO through the roof
[10:31] {Threei}  lunacy
[10:32] {dino} joyg -8 in two days
[10:32] {nemo} bfd crude down, OPEC cuts forcast last week, refineries have switched over to producing heating oil and gas way up...too frickin' funny
[10:33] {Threei}  no kidding
[10:33] {Threei}  reaction to these weekly numbers is one of the most meaningless I see in the markets
[10:33] {nemo} have a feeling it's a Wile E. Coyote moment and will retrace
[10:33] {nemo} not to those making money on it
[10:33] {Threei}  or least meaningful?
[10:36] {Threei}  FCX doesn't follow market down anymore
[10:37] {Threei}  not ready to jump in, but watching carefully
[10:37] {nemo} tired from dropping for four days...cant keep up
[10:37] {patience} in long fcx
[10:37] {Threei}  hehe
[10:37] {Threei}  why rush
[10:37] {Threei}  no clear signal yet
[10:37] {patience} no kidding
[10:39] {dino} joyg sm l .90
[10:40] {ese} L orcl .20
[10:44] {ese} out 1/2 orcl .40 +.20
[10:45] {Threei}  missed another LVS setup
[10:45] {dino} gj
[10:46] {Threei}  .30 break.. see tose two dojis?
[10:46] {ese} out balance .49 +.29
[10:46] {ese} orcl
[10:46] {ese} tks dino
[10:46] {ese} that was a crap load of shs
[10:47] {ese} haven't done that for a bit
[10:48] {nemo} rrc
[10:48] {dino} t/o chatter
[10:49] {Threei}  ok, let's try to get LVS this time
[10:51] {ese} am outta here....have a great rest of the day.....
[10:51] {Threei}  one more leg down, consolidation between .10 and .20 and cross
[10:51] {patience} bye ese
[10:51] {Threei}  take care ese, gj
[10:51] {ese} cya vad patience
[10:51] {dino} cya ese
[10:51] {ese} dino
[10:51] {nemo} spy if doesn't hold .45 going to .20 area
[10:52] {nemo} this also spy premarket low
[10:53] {dino} ndx filled open gap
[10:56] {nemo} pre market low for IWM might get some tail wagging the dog here
[10:57] {Threei} Long Setup:  LVS  .20 break if holding .10
[10:58] {patience} ok, who thinks the fed will open up their discount window wide today and lend money to banks at very favourable terms?
[10:59] {Threei}  1:1
[10:59] {nemo} how much more favorable can it get
[11:00] {dino} window is open
[11:00] {Threei}  1:2
[11:00] {Threei}  1:3
[11:00] {dino} gj
[11:00] {Threei}  ty
[11:00] {Threei}  we had what, 1 stop today?
[11:00] {patience} it is, but narrow elegibility gets loosened?
[11:01] {Threei}  the rest worked like charm?
[11:02] {dino} we are already flooding the euro block w/$. but yes i think twist happens, going loner term to lower long term rates
[11:08] {Threei}  midday update:
[11:08] {Threei}  The FOMC rate decision will arrive mid afternoon and investors are debating the chances that Helicopter Ben will greenlight Operation Twist. In Europe, equity markets are at their lows as traders worry about the banking system. Earlier this morning, Greece Finance Minister Venizelos warned that there is a danger that reform program might fail and Lloyd's of London said it had decided to pull peripheral euro bank deposits.
[11:09] {Threei}  Note that the August existing home sales hit their highest rate since early 2009, however analysts agree that the slightly better numbers were driven by a sudden jump in foreclosure and resale activity. Treasury markets are trending higher as money comes out of stocks and the US 10-year yield has slipped back toward 1.9%.
[11:09] {Threei}  I dunno where ese finds that optimism...
[11:10] {dino} nor i
[11:10] {Threei}  Overall the greenback remained range bound ahead of the FOMC decision later today. Dealers suspect the dollar could weaken further if the Fed announces any new QE measures. EUR/USD recovered from session lows during the New York morning aided by speculation that the French government might take measures to restore confidence in its banking sector coupled with ECB widening the range of debt instruments accepted as collateral.
[11:11] {Threei}  Dealers did note that the ECB action on collateral actually lowered its quality control. The market still awaiting Greece to outline its austerity measures negotiated with the Troika in recent days
[11:17] {Threei}  wow LVS
[11:17] {nemo} hpq
[11:17] {Threei}  how come I never forget last couple hundred shares
[11:18] {RonS} may be leo out at hpq
[11:19] {RonS} Bloomberg confirms boards wants CEO out $HPQ
[11:19] {Threei}  Hewlett-Packard Co Board evaluating firing CEO Apotheker in favor of Whitman as successor - financial press
[11:20] {Threei}  and this sends a stock up a dollar?
[11:20] {Threei}  and half
[11:29] {Threei}  SVM
[11:30] {Threei}  who saw a chart for a swing trade a few days ago, see it breaking out
[11:30] {Threei}  I posted quick update on facebook, will add after close
[11:30] {dino} ilmn sm l .00 wide
[11:38] {Threei}  White House said to have informed Congress of planned $5.3B upgrade of Taiwan's existing fleet of F-16 fighter jets
[11:38] {Threei}  - Northrop Grumman and Raytheon are said to be expected to compete to build new radar systems for Taiwan's F-16s.
[11:38] {Threei}  sigh
[11:47] {RonS} ilmn brightly burning...
[11:47] {nemo} wow....
[11:50] {dino} kicked me in the azz
[11:56] {nemo} see the link I posted for you this morning Dino?
[11:57] {dino} on rex? yes
[11:57] {nemo} I like the guy
[11:57] {dino} me too, he fits ny market
[11:58] {nemo} cracks me up, foot fetish, cries watching chick flicks...
[11:58] {nemo} He'd be alot of fun to drink with
[11:58] {dino} indeed, lol
[12:08] {patience} out fcx, nice run  +.71
[12:09] {Threei}  gj
[12:09] {patience} connection went down during trade, i hate that
[12:09] {Threei}  look at LVS chart and see where we got it long
[12:09] {Threei}  pretty much near the low of the day
[12:11] {dino} market stuck in range
[12:15] {dino} wow ilmn what a rinse job
[12:22] {dino} sm l ilmn .00, last try
[12:27] {Threei}  Moody BAC downgrade
[12:27] {Threei}  kills the market
[12:29] {Threei}  nice jub Buffet
[12:29] {Threei}  job
[12:30] {RonS} qotd:  why should i care about a buffet tax. i never eat at one.
[12:31] {Threei}  lol
[12:31] {dino} lol
[12:36] {dino} bac preferred getting hit
[12:39] {nemo} I find the coincidence between the downgrade and BennieB intriguing
[12:40] {Threei}  think setting up the scene for Fed action?
[12:40] {nemo} whack the longs, come in and buy
[12:42] {patience} out of anv.to    i forgot how wingy some of these stocks can be to trade....too much work    +.62
[12:48] {nemo} hpq again
[12:48] {Threei}  reconsiders spin-off of PC business
[12:52] {patience} sold everything but POT
[12:52] {patience} excellent day...will sit and wait
[12:58] {Threei}  Moody's cuts WFC
[12:58] {Threei}  and C
[12:58] {Threei}  they are on the roll today
[12:59] {Threei}  a roll?
[12:59] {Threei}  just roll?
[12:59] {Threei}  why do you english speakers need those a and the, no idea
[13:00] {RonS} freakin a, eh?
[13:00] {Threei}  the freakin a
[13:02] {dino} ahole, lol
[13:05] {dino} giddy-up
[13:19] {dino} joyg to .84
[13:24] {dino} out .96, +1.06
[13:25] {RonS} gj
[13:25] {patience} very nice
[13:26] {Threei}  great one
[13:26] {dino} ty took hours
[13:26] {patience} very patient  :)
[13:27] {dino} ;)
[13:28] {Threei}  Coolest searching device ever? Your toe! Always able to, somehow, find furniture even when it is pitch black
[13:29] {dino} yeah, been there
[13:32] {Threei}  so, 74% of ecinomists expect operation Twist, 61 says it won't work
[13:33] {Threei}  the rest 39 are clueless I guess
[13:54] {Threei}  total stall
[13:55] {patience} what time do we hear anything?
[13:56] {dino}  2:15
[13:56] {patience} ty
[14:00] {nemo} regn
[14:01] {dino} regn spike
[14:02] {nemo} dino...look above
[14:02] {dino} ilmn out .30, +.30
[14:02] {Threei}  halt
[14:02] {nemo} that sucks
[14:02] {patience} nice day for you dino
[14:02] {dino} average, had few stops earlier
[14:05] {nemo} indexes look like they're setting up for screaming longs
[14:07] {Threei}  here is summary for expectations:
[14:07] {Threei}  http://caracommunity.com/content/bill-caras-blog-sep-21-2011#comment-95641
[14:07] {Threei}  too long to paste it all here
[14:07] {dino} va drops avastin
[14:08] {Threei}  passive twist, active twist... as if all these monetary tweaks really can change the ways of economy
[14:08] {Threei}  more they tweak, worse it gets
[14:08] {Threei}  get the ^%#* out of the way
[14:09] {dino} john galt i presume
[14:09] {Threei}  :)
[14:10] {nemo} it's between a rock and a hard place...they get out of the way, and it's gonna' get rocky sooner, they don't get out of the way, it get's rocky a little later
[14:10] {Threei}  but there is a difference in the degree of rockiness
[14:10] {Threei}  the later it comes the rockier it gets
[14:10] {nemo} I don't think so...I think sooner or lated serious civil unrest
[14:11] {dino} they stretch it out to save themselves, not do what is needed
[14:11] {nemo} I don't think it can be avoided
[14:11] {patience} bought td bank
[14:13] {RonS} regn 7 mil sh short...lit up...
[14:13] {dino} right now they are fighting over who pays for lunch
[14:17] {Threei}  fashinably late?
[14:17] {Threei}  +o
[14:20] {RonS} who does the clam think he is?...O?
[14:20] {Threei}  lol
[14:20] {RonS} soory...0
[14:22] {Threei}  potato, potatoe
[14:23] {dino} out
[14:23] {dino} 07 green
[14:23] {Threei}  ok
[14:23] {Threei}  here it comes
[14:24] {dino} now red
[14:24] {RonS} twisted sister
[14:25] {Threei}  active twist
[14:25] {Threei}  market says eeeeck
[14:25] {RonS} chubby checker to head operation...
[14:25] {dino} what'd he do?
[14:26] {Threei}  Fed to buy $400B in long term treasuries (6-30 year range) by end of June 2012
[14:28] {RonS} copper tanked
[14:28] {dino} pru sm l .79
[14:29] {RonS} wow, three dissenters
[14:30] {dino} re-liquify
[14:44] {dino} meli sm l .10
[14:49] {Threei} Long Setup:  TZA  .35 break
[14:49] {Threei}  half lot
[14:49] {Threei}  invalidated
[14:50] {Threei}  .20 break
[14:53] {nemo} spy likely going for .20, look for tza there
[14:55] {Threei}  half out
[14:55] {Threei}  stop to .15
[14:56] {Threei}  out in full
[14:56] {Threei}  +.40
[14:59] {patience} nice
[15:00] {dino} gj
[15:00] {Threei}  ty
[15:05] {dino} out meli .15, +1.05
[15:16] {Threei}  nice!
[15:17] {dino} ty
[15:17] {patience} very nice
[15:21] {dino} ty
[15:29] {Threei}  so... last plunge is coming?
[15:29] {patience} i'm lost here, can't tell
[15:29] {Threei}  half lot long TZA .90
[15:29] {Threei}  if stays abovce .75
[15:30] {dino} gut says up
[15:30] {Threei}  valid still
[15:31] {Threei}  in
[15:32] {Threei}  half out
[15:32] {Threei}  stop to .85
[15:34] {Threei}  I don't remember having such a nice day on FOMC date
[15:34] {patience} i agree
[15:34] {dino} lod
[15:34] {Threei}  boom TZA
[15:34] {dino} whippy
[15:35] {dino} 11246 gap filled
[15:35] {Threei}  out +.60
[15:36] {dino} nice
[15:38] {dino} hmmm so far you are right, plunge
[15:39] {Threei}  panic
[15:39] {Threei}  crash
06[15:39] * Threei slants at larisa
[15:40] {Threei}  -(IT) Italy confirms FY11 GDP target cut to 0.7% from 1.1%
[15:55] {Threei}  what an ugly end
[15:56] {patience} should be interesting overnight trading
[15:56] {Threei}  ok guys, I believe we handled today beautifully
[15:56] {patience} ty vad
[15:56] {Threei}  have a great evening, see you tomorrow
[15:57] {dino} cya
[15:57] {larisa} bye :)

Jun 22 2010

"Catch of the day" today is somewhat unusual for us but one of my favorites. It's so-called risk-based setup - the odds of its working are 50/50, but the risk is so small that it can be taken on that alone. In this case it happened so that reward was unusually big too.  It was quite unclear whether stock would go for breakout or fail - the stop size was 15 cents which is nothing for BIDU. See the chart

Session Time: Tue Jun 22 00:00:00 2010

[07:45] {hawk} good morning
[08:24] {Threei}  good morning
[08:25] {hawk} Vad :)  Bp getting dp'ed
[08:25] {Threei}  together with UK residents:
[08:25] {Threei}  (UK) UK Chancellor Osborne: Emergency budget to increase VAT to 20% v 17.5% prior (as expected)
[08:25] {Threei}  - VAT increase to raise 13B annualy by 2014/15 period
[08:25] {Threei}  - Increases capital gains tax to 28% v 18% prior. Lower and middle class tax payers are exempt from the 28% rate. Capital gains for majority investors to remain protected
[08:25] {Threei}  - Higher rate income tax threshold frozen until 2013-14. To increase the income tax free threshold to 10K
[08:27] {Threei}  AFFY
[08:27] {Threei}  Affymax Receives $30M Milestone Payments for Database Lock of Phase 3 Clinical Trials for Hematide/peginesatide
[08:30] {Threei}  BP.UK Plan to raise debt capital is facing snags; plan may be pushed back two or three weeks - NY Post
[08:30] {Threei}  June 21, 2010 10:10:45 PM
[08:30] {Threei}  British Petroleum plc An employee warned BP and Transocean about a problem related to the blow-out preventer weeks before Gulf of Mexico incident - London Telegraph
[08:30] {Threei}  - The oil worker who survived the accident warned that it was a leak on the rig's safety device.
[08:30] {Threei}  - The worker added that the problem hardware was switched off instead of being repaired.
[08:32] {hawk} ouch, that worked out well (pun intended)
[08:32] {Threei}  no kidding
[08:33] {Threei}  (UK) British Bankers Assn: Bank levies should be coordinated internationally, notes it is "committed to working with the govt on bank levies
[08:33] {Threei}  what a dumb idea
[08:33] {Threei}  - Important that international banks are not taxed multiple times in different nations.
[08:34] {Threei}  no worry, in 5 years they are all will be canadian, brasilian and chinese banks
[08:35] {Threei}  under the slogan "Tax this!"
[08:35] {hawk} lol
[08:36] {Threei}  I mean, there is a reason why on Royal Caribbean cruise ships there are words Nassau Bahamas, right?
[08:43] {Les} morning
[08:43] {nemo} afternoon
[08:43] {Threei}  les, nemo :)
[08:43] {Les} fixed my RAM problem
[08:43] {nemo} ?
[08:43] {Les} stopped using Microsoft's silverlight plugin
[08:43] {nemo} Vad :)
[08:44] {Les} got a screen full of laser charts now
[08:44] {nemo} can't use Freestockcharts now
[08:44] {Les} much easier on the computer's processor and memory
[08:44] {Les} why?
[08:44] {nemo} it runs on silverlight
[08:44] {Les} and...?
[08:45] {nemo} If you take the engine out of a car, what happens?
[08:45] {Les} you walk
[08:45] {Les} why did you pull silverlight?
[08:45] {nemo} I didn't
[08:45] {nemo} you did
[08:45] {Les} aaaaaaaaah
[08:46] {Les} I keep 2 screens, instead of 6 like before
[08:46] {Les} windows, not screens
[08:46] {Threei}  silverlight is a memory hog
[08:46] {Les} i can see it is terrible
[08:46] {Les} having reduced its use
[08:47] {Les} but i love it's indicator layout
[08:52] {nemo} bidu breaking out again
[08:56] {Les} wondering if TZA has found a bottom on daily, somewhere around this .50 level
[08:57] {Threei}  well, TZA is not a stock
[08:58] {Threei}  your question is akin to "wondering if market has topped"
[08:58] {dptl} good morning
[08:58] {Threei}  dp :)
[08:59] {Les} yep
[09:07] {RonS} gm all...fascinating to me that w/ the UK "austerity" measures that the fact is that government is the penultimate sacred cow.  i mean for chrissakes even God only wants 10%.
[09:08] {Threei}  Ron :)
[09:08] {Threei}  whole "emergency budget" reads like nightmare coming true
[09:08] {Threei}  they obviously are trying to reproduce canadian measures of 1990s
[09:09] {Threei}  but the situation is very different
[09:09] {RonS} Canada has true resources.
[09:09] {Threei}  that, and a lot more
[09:09] {RonS} small pop v. those resources
[09:09] {Threei}  Canada hasn't had horrifically high taxes and incredibly high prices when started its austerity
[09:10] {Threei}  so it was tough,
[09:10] {Threei}  but it was not on top of tougher
[09:11] {Threei}  UK being one of the most expensive places on the planet simply has less, or no, room to make life even more expensive
[09:11] {RonS} ...talk now about the loonie and the aussie dollar being "reserve" currencies. they're trying to kill you Vad...
[09:11] {Threei}  sigh
[09:11] {Threei}  it's just silly talk
[09:12] {Threei}  CDN can't be reserve curency for the world
[09:12] {Threei}  but of course, it will get a push out of this nonsense
[09:12] {RonS} i know, i know...just trying to heighten your consternation, or it is constipation?...
[09:13] {Threei}  it's general contempt with the world
[09:13] {Threei}  but I have had it for quite a while
[09:13] {Threei}  so nothing really new :)
[09:14] {RonS} ...my theory is that everyone matches his/her genetics and personlaity for the age in which they live.  Sometime it meshes, sometimes not.  I, obviously live in the wrong time period.
[09:15] {Threei}  which would you prefer?
[09:15] {RonS} ...but all revolutions have come from disaffected intellectuals.
[09:15] {Threei}  CCL Reports Q2 $0.32 v $0.29e, R$3.2B v $3.3Be
[09:17] {Threei}  CCL and RCL sell off
[09:19] {larisa} gm :)
[09:19] {magoo} mornink comrades (oldie)
[09:20] {hawk} but a goodie
[09:21] {Threei}  larisa, magoo :)
[09:21] {RonS} ...reminds me of Rockie and Bullwinkle...and Boris and Natasha...
[09:22] {RonS} "fanmail from some flounder?"
[09:22] {lasertrev} morning
[09:22] {Threei}  http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/obama_s_thuggery_is_useless_in_fighting_spill
[09:23] {RonS} omg, there is common sense?
[09:26] {Les} affy pumping along nicely from .50 break. gotta run. back later.
[09:26] {Threei}  CCL short candidate
[09:27] {jfjf64} mornin
[09:27] {Threei}  jf :)
[09:27] {bellowsbunch} morning
[09:28] {Threei}  bellow :)
[09:28] {Threei}  BP...
[09:28] {Threei}  bumping onto .60
[09:28] {Threei}  hard to tell brteakout or double top
[09:30] {Threei} Short Setup: BP  .50 brea
[09:30] {Threei}  if stays under .60
[09:30] {dino} gm all
[09:30] {Threei}  dino :)
[09:31] {dino} affy gets 30m pmt
[09:32] {Threei}  no go BP
[09:32] {dino} affy sm l .55
[09:33] {Threei}  BIDU
[09:33] {Threei}  watching for bounce
[09:34] {Threei}  one more sharp dive, most likely
[09:34] {Threei}  to about .30 - .40
[09:34] {magoo} rimm too vad
[09:34] {Threei}  ugh
[09:35] {Threei}  jumpy
[09:35] {magoo} ugg rimm
[09:37] {Threei}  here comes BIDU
[09:37] {nemo} closed around .36
[09:37] {Threei}  let it drop more
[09:37] {Threei}  not ready yet
[09:39] {Threei}  RIMM, watch for double bottom closer to .20 - .25
[09:39] {RonS} Bernstein making neg V call....thinks yesterday's modification of Durbin Ammendment has negative implications for V (positive for MA) that the market has not picked up on......says V will lose its debit exclusivity with its issuers....."On the negative side, the new language incorporates a "no exclusive network" provision that we think could very substantiall
[09:40] {Threei}  no clean bounce setup for either, RIMM or BIDU
[09:40] {RonS} jef up big...earnings
[09:41] {Threei}  first instinct was right on BIDU
[09:41] {Threei}  [09:34] {Threei} to about .30 - .40
[09:41] {Threei}  but no readable setup at the moment
[09:41] {magoo} quick both
[09:41] {hawk} took bidu .61 out .93, thx vad
[09:41] {Threei}  :)
[09:41] {Threei}  US) Preview: May Existing Home Sales due out at 10:00ET
[09:41] {Threei}  **Consensus expectation: 6.1Me v 5.77M prior
[09:41] {bellowsbunch} me too
[09:42] {Threei}  as long as you get a feel for entry where I can outline general idea, good job
[09:42] {Threei}  particular call by me requires exact setup
[09:43] {Threei}  US) Preview: June Richmond Fed Manufacturing Index due out at 10:00ET
[09:43] {Threei}  **Consensus expectation: 20e v 26 prior
[09:43] {Threei}  LVS, long entry on pullback to 26.95 - 27
[09:44] {Threei}  .10 break is classic setup, just not sure about breaks yet
[09:44] {Threei}  US) US House Majority Leader Hoyer: Tax cuts for middle class could be 'unaffordable' given the fiscal outlook
[09:44] {Threei}  but tax rise is affordable
[09:44] {Threei}  stop this planet, I want out
[09:44] {nemo} huge offer at .12 taken
[09:45] {Threei}  market spike took LVS with it
[09:45] {Threei}  anyone went for break, take scalp, this is not really sustainable spike, IMO
[09:45] {nemo} there was a huge offer at .12, didn't get to alert
[09:45] {Threei}  there was one at .08 too
[09:45] {RonS} omx squeeze happening
[09:46] {Threei} Short Setup: BIDU  .40 break
[09:46] {nemo} bid at .20
[09:46] {RonS} 10% float short
[09:46] {Threei}  if stays under .55
[09:46] {Threei}  1:1
[09:46] {nemo} where stop on lvs?
[09:46] {Threei}  stop for what?
[09:47] {nemo} I took break of .12
[09:47] {Threei}  09:45] {Threei} anyone went for break, take scalp, this is not really sustainable spike, IMO
[09:47] {nemo} o.k.
[09:47] {nemo} so, once I don't want to be a scalper
[09:47] {nemo} :)
[09:49] {Threei}  HOKU
[09:49] {nemo} funny...I'd thought stop to .10
[09:49] {Threei}  no news that I see
[09:50] {Threei}  BIDU 1 to I have no idea
[09:50] {Threei}  I can't count that far
[09:50] {nemo} 1:8
[09:50] {Threei}  thank you
[09:53] {Threei}  watching LVS for bounce
[09:53] {RonS} dino, big selloff dndn
[09:53] {Threei}  off .90 most likely
[09:54] {Threei}  OK, watching for 5 cents recross
[09:55] {dino} thx
[09:57] {Threei}  1:1 for scalpers LVS
[09:57] {dino} hl l dndn .00
[09:57] {dino} itri
[09:59] {Threei}  US) RICHMOND FED MANUFACTURING INDEX: 23 V 20E
[10:00] {Threei}  US) MAY EXISTING HOME SALES: 5.66M V 6.1ME
[10:00] {Threei}  yikes
[10:00] {dino} 8k credit exp
[10:00] {Threei}  EU) EURO ZONE JUN ADVANCE CONSUMER CONFIDENCE: -17 V -19E
[10:00] {Threei}  yikes
[10:00] {Threei}  *(US) APRIL HOUSE PRICE INDEX: 0.8% V 0.3%E
[10:01] {dino} ronzo thx dndn out .34, +.40
[10:01] {Threei}  what else did they think was going to happen when all kinds of stimulus spending run out
[10:01] {RonS} yw
[10:01] {dino} nice spot
[10:01] {Threei}  same hole, just deeper
[10:02] {Threei}  but hey!
[10:02] {Threei}  Treasury Sec Geithner: Still sees a positive return from TARP investments in banks
[10:02] {nemo} rimm happy
[10:02] {Threei}  hope springs eternal?
[10:02] {Threei}  DNDN Hearing Cowen making positive comments (35.17, -1.66, -4.51%)
[10:02] {RonS} lol...they must have a position
[10:04] {Threei}  - Sees TARP increasing budget deficit by $105B, lower by $11.4B from February estimate.
[10:04] {Threei}  - Treasury is well on the way to winding down TARP, banks have repaid 75% of TARP funds they received.
[10:04] {Threei}  - TARP investments in AIG will produce losses.
[10:04] {Threei}  - Losses from GMAC to be less than anticipated.
[10:04] {Threei}  - Treasury will return hundreds of billions in unused TARP authority.
[10:05] {nemo} well, we know where that will go
[10:05] {nemo} BIdu, damn
[10:06] {dino} itri sm l .75
[10:07] {dino} dndn hl l .09
[10:08] {nemo} fcx break of .30
[10:08] {nemo} stop under .15 half lot
[10:09] {Threei} Long Setup:  LVS  .90 break
[10:09] {Threei}  if stays above .80
[10:09] {nemo} 1:1 fcx
[10:10] {nemo} 2:1
[10:10] {nemo} stop to .40
[10:11] {RonS} pcx whacked...news...mine closing
[10:11] {Threei}  17:11 PCX To close Harris No. 1 mine due to sudden adverse geologic conditions in the primary conveyor belt and travel entries of the mine
[10:11] {Threei}
[10:11] {Threei}  LVS 1:1, half out
[10:12] {Threei}  scalpers know what to do
[10:13] {dino} out iitri .15, +.40
[10:13] {Threei}  scalpers win
[10:15] {nemo} rimm staying happy
[10:15] {nemo} stop to .50 fcx
[10:15] {dino} out dndn .05 -.04
[10:16] {dino} chickened out
[10:16] {nemo} 1:3 fcx
[10:17] {dino} feels like big move in markets coming
[10:17] {dino} gj nemo
[10:17] {nemo} bc
[10:19] {dino} ntes?
[10:19] {Threei}  no news
[10:20] {nemo} out rest fcx
[10:20] {nemo} +.45
[10:20] {larisa} gj
[10:20] {nemo} BC
[10:20] {nemo} funny still holding above .50 stop but was getting antsy
[10:21] {larisa} what BC means, british columbia? :)
[10:21] {Threei}  DNDN Hearing JP Morgan defends the name (timing uncertain) (35.18, -1.65, -4.48%)
[10:21] {nemo} Broken Clock moment
[10:21] {larisa} lol
[10:21] {nemo} I get two a day
[10:22] {Threei}  and if you get three, you are a very broken clock or what?
[10:22] {nemo} I'll have to come up with something else
[10:23] {larisa} FCX counts for 2
[10:23] {dino} gap around 30.50
[10:23] {dino} will wait around 30.60
[10:23] {dino} bc?
[10:23] {dino} bird cage?
[10:23] {dino} ahhhh
[10:23] {dino} you need to tell us which two in advance
[10:23] {nemo} tomorrow's paper today?
[10:23] {Threei}  Moody's revises gaming industry sector outlook to stable from negative
[10:23] {Threei}  - The stable outlook reflects Moody's belief that the overall credit conditions of the U.S. gaming industry will neither erode norimprove materially during the next 12 to 18 months.
[10:24] {dino} dndn hl l .25
[10:25] {nemo} what up with Les, not a peep...not that I mind
[10:26] {larisa} hw said dirty kitchen looks better than the market. may be wife did not agree and they have summer cleaning :)
[10:30] {dino} dndn stopped -.26
[10:31] {Threei}  Fedex Corp CEO: Country must be put on path towards millions, then tens of millions, and then hundreds of millions of electric cars and trucks
[10:31] {Threei}  seriously?
[10:31] {Threei}  he ever looked into this technology?
[10:31] {Threei}  knows anything about it?
[10:32] {Threei}  wtf is happening with amateur hour on the scale of the whole country?
[10:32] {Threei}  everyone knows how to solve the energy problem, drill wells, run war etc etc
[10:34] {larisa} including us. I had a dream about fixing the oil pipe. Hubby said, not a bad solution :)
[10:34] {RonS} ...must be a smart man
[10:35] {larisa} very good engineer. I am bad one, but have a bit of brains too :)
[10:36] {Threei}  I've no idea how to fix it
[10:36] {Threei}  but I am not running around screaming they should nuke it
[10:37] {RonS} i like Obama's idea:  human sacrifice via moratoriam
[10:38] {RonS} pandering to the gods and the masses while doing nothing...oh, i guess he is playing golf
[10:40] {dino} dndn hl l .00
[10:41] {shorty} morning
[10:41] {Threei}  shorty :)
[10:44] {Threei}  finally
[10:44] {Threei}  Twelve percent (12%) say that Congress is doing a good or an excellent job
[10:44] {Threei}  I think I've nailed the ratio of idiots once and for all
[10:44] {nemo} no...it's much higher than that
[10:45] {Threei}  I should have said, incorrigible idiots
[10:45] {nemo} no, those are mutants
[10:45] {Threei}  above that it's a "idiot mode on/off", with various degree of frequency of switching between modes
[10:45] {Threei}  12% is permanent On
[10:46] {Threei}  DNDN Aetna is covering Provenge (sipuleucel- T) for the treatment of prostate cancer
[10:46] {hawk} dino, you rock, thx :) +.67 dndn
[10:46] {RonS} boom
[10:46] {nemo} goes to .20
[10:46] {Threei}  DNDN Ticks higher as Aetna document circulates which appears to confirm the insurer will cover Provenge (sipuleucel- T) for the treatment of prostate cancer
[10:47] {Threei}  "appears"
[10:47] {dino} thx hawk, lucky, ron's find
[10:47] {dino} out dndn .84, +.84
[10:47] {hawk} thank you ron :)
[10:47] {Threei}  wtg guys
[10:48] {dino} ronnnzzzzzzoooooo
[10:50] {RonS} pcx blood...looking for 14 break and re-trace...maybe
[10:51] {Threei}  GOP candidate for the next election seems to be defined in public opinion
[10:51] {Threei}  Nearly as many (49%) say former Massachusetts Governor Mitt Romney, an unsuccessful candidate for the GOP presidential nomination in 2008, is qualified to be president of the United States. Thirty-two percent (32%) say Romney is not qualified, but another 20% are not sure.
[10:51] {dino} guliani
[10:52] {RonS} omg...
[10:52] {dino} well, romney blew it w/heathcare
[10:52] {dino} can't be trusted
[10:52] {dino} i know, lets get jeb
[10:52] {RonS} g man is a charlatan
[10:53] {RonS} wannabe country club republican
[10:53] {dino} don't know what to do w/pcx ron
[10:53] {RonS} prefer the real thing who at least has real executive experience
[10:54] {RonS} but it is moot.  prejudice against Mormonism too strong
[10:54] {dino} how about this new nj gov, so far i like him
[10:55] {RonS} he is a trip...in a good way...i always like jackie gleason...fat boys rock
[10:55] {dino} to the moon
[10:55] {dino} dndn new support around .50
[10:58] {Les} how was the opening?
[10:58] {dino} enjoyable
[10:59] {Les} cool
[10:59] {Les} ccl break of 34?
[10:59] {Les} too late
[11:00] {Les} if holding .95? .90?
[11:01] {Threei}  not delighted
[11:01] {Les} ok
[11:01] {Les} started thinking of shorting on a bounce to 34
[11:02] {dino} ntri
[11:02] {Les} bidu read vad? at 76
[11:03] {Threei}  breakdown, maybe
[11:03] {Threei}  52/48
[11:03] {RonS} wtf ntri?
[11:04] {shorty} Some fat celeb is probably endorsing ntri
[11:04] {Les} lol
[11:04] {RonS} ...must of signed up Christie as spokesperson...lol...
[11:04] {Les} a clear outlook on life shorty
[11:04] {Les} i like it
[11:05] {shorty} :)
[11:05] {dino} dk ron
[11:05] {dino} not avail cyber
[11:06] {RonS} whoa 47%  float ntri short
[11:08] {Les} s bidu .90 stop above.10
[11:08] {Threei}  why .90?
[11:08] {Threei}  76 was much cleaner trigger
[11:09] {Les} yeh I know. late to the party.
[11:09] {Threei}  ok, but why are you chasing?
[11:09] {Threei}  if you are late, you are late
[11:10] {dino} itri hl l .51
[11:11] {Threei}  Les... by entering this way you are ruining your r/r
[11:11] {Threei}  look at what happened:
[11:11] {Threei}  76 entry gave you almost 1:2 before reversing
[11:11] {Les} yes I can see that
[11:12] {Threei}  .90 entry , you see for yourself
[11:12] {Threei}  this is not a first time I see you doing this
[11:12] {Threei}  trigger is where it is for a reason,
[11:12] {Threei}  play should not be taken just to participate
[11:12] {Threei}  there is reasonable limit to chasing,
[11:12] {jfjf64} you tell em vad
[11:12] {Threei}  doubling your stop is not it
[11:13] {jfjf64} lol
[11:13] {jfjf64} dont mind me
[11:13] {Threei}  you just wait till I notice you doing aything of this kind :)
[11:14] {Les} yeh but it is also 1st trade of the day and I see market is freezing and and washing out
[11:14] {Threei}  so?
[11:14] {Les} - and
[11:14] {Les} it won't happen again today
[11:14] {Threei}  market does what it does,
[11:14] {RonS} Dallas: Fastest growing U.S. city...and the place is gawdawful, not horrible, but gawdawful
[11:14] {Threei}  it has no idea about yor needs and wants
[11:14] {nemo} I like Fort Worth
[11:14] {Les} I saw market breaking down
[11:14] {Les} it didn't
[11:14] {RonS} same weather...it sucks
[11:15] {nemo} Yeah, but I like that city better
[11:15] {RonS} true
[11:15] {larisa} anybody visited Asheville NC ?
[11:16] {nemo} yes...absolutely beautiful
[11:16] {larisa} thanks nemo
[11:16] {nemo} one of my favorite musicians lives there
[11:16] {larisa} hubby wants to relocate there
[11:16] {shorty} I really like SC and NC.  Awesome country there.
[11:16] {nemo} NC mountains
[11:17] {RonS} sc has lower taxes...
[11:17] {nemo} I lived in SC, unless you're near the coast, keep it
[11:17] {larisa} I am mountain girl. love the nature
[11:17] {shorty} I realy likes Anderson SC
[11:18] {RonS} the dem noreasterner have moved to nc and turned into a high tax state
[11:18] {shorty} liked
[11:18] {nemo} have friends there too
06[11:18] * larisa slaps RonS around a bit with a large trout
[11:19] {RonS} i hear eastern TN is nice...knoxville...if you can understand the natives' accent
[11:19] {shorty} Only the one today Threei? LVS?
[11:19] {dino} condo in sunset, nc, luv it
[11:20] {RonS} bidu shorty
[11:20] {nemo} fcx
[11:20] {nemo} shorty
[11:20] {shorty} ty
[11:20] {Threei}  09:46] {Alert} Threei Short Setup: BIDU .40 break
[11:20] {Threei}  [09:46] {Alert} Threei if stays under .55
[11:20] {nemo} went 1:8
[11:20] {shorty}  :O
[11:21] {RonS} 100 mile vistas, CO, luv it...
[11:21] {shorty} I know that I would have been out when it hit 1:1
[11:21] {shorty} That is why I loved trucking sooooo much.
[11:22] {dino} itri stop to .80
[11:22] {dino} make it .90 expect slip
[11:23] {shorty} Texas reminds me of Alberta.
[11:24] {dino} to .95
[11:26] {dino} out itri .06, +.55
[11:27] {dino} dndn pullback
[11:30] {RonS} 31, check the dailies on biib, amgn, celg, genz, gild.  There has got to be a play in here...
[11:30] {RonS} 31 = 3i
[11:31] {Threei}  CELG looks decent
[11:32] {Threei}  GENZ overextended a bit
[11:33] {dino} at least you didn't call him #2
[11:33] {Les} lvs long if pullback to under 27?
[11:34] {RonS} or Johnson
[11:34] {dino} lol
[11:34] {dino} itri too soon
[11:39] {Threei}  looks about right Les
[11:39] {Les} here, or under 27
[11:39] {Les} ?
[11:39] {Threei}  under
[11:48] {Threei}  LVS is trying to form C&H instead
[11:48] {Threei}  can't say I feel enthusiastic about it
[11:48] {nemo} lunch time
[11:51] {nemo} speaking of bidu  Offer .38
[11:51] {RonS} celg is forming c&h
[11:55] {dino} dndn
[11:56] {Les} s GG .49 stop above .60
[11:58] {Les} gg covered +.11
[11:58] {Les} l lvs .01 .95 stop
[11:58] {RonS} nuts, this mtb bank thing is not done...slap me w/ a trout
06[11:58] * nemo slaps RonS around a bit with a large lead pipe
[12:00] {Les} out lvs +.09
[12:01] {dino} gj
[12:02] {dino} fdx sm l .05
[12:03] {nemo} BIDU maybe setting up IC&H
[12:05] {nemo} might want back into LVS here Les
[12:05] {nemo} nice catch on FDX dino
[12:05] {Les} hmmm long or short I can't decide
[12:05] {nemo} long
[12:06] {nemo} play for scalp, watch the market
[12:06] {dino} ty nemo
[12:06] {Les} index's mixed up in MA's, which I hate to work with
[12:06] {nemo} offers .08
[12:06] {dino} "play for blood"
[12:06] {Les} sounds rather brutal coming from you dino
[12:06] {dino} tombstone
[12:07] {nemo} Les would make a nice huckleberry
[12:07] {dino} lol, i got two guns one for each of you
[12:07] {Les} you've got me there nemo. have to read the story
[12:07] {nemo} heheheh
[12:07] {nemo} see the movie
[12:07] {dino} great flick
[12:07] {Les} tombstone? this film I know
[12:08] {nemo} obviously not
[12:08] {Les} but huckleberry fin...
06[12:08] * nemo slaps Les around a bit with a large copy of the script to Tombstone
[12:08] {Threei}  want me to give you a reason for crying?
[12:08] {Threei}  here goes:
[12:08] {dino} dino slaps him again
[12:08] {nemo} what don't you want us to look at
[12:08] {Threei}  US) Treasury Sec Geithner: Obama administration is likely to conclude that the govt should retain a role in guaranteeing mortgages
[12:08] {Les} hahaha
[12:09] {Les} you socialist parasites!!!
[12:09] {Les} no nemo, I don't know what it is to be a 'huckleberry'
[12:09] {Threei}  US) US House Rep Frank: Expecting to finish the FINREG bill by Thursday, June 24; as expected
[12:09] {Threei}  - If not able to finish Thursday then it cannot pass until middle of July
[12:09] {dino} politicians are just pushing down the road for some other generationto deal w/it
[12:10] {nemo} c'mon lvs, break down .08!
[12:10] {dino} dndn l .61, stop .48
[12:12] {Les} CCL vad
[12:12] {Les} keeps returning to .85
[12:12] {dino} stopped -.13
[12:12] {Les} b/d from here?
[12:13] {nemo} should bounce here dino
[12:13] {Les} vwap bounce?
[12:13] {nemo} yep
[12:13] {Les} happens often?
[12:13] {nemo} also have pivot support within .10
[12:13] {Threei}  CCL?
[12:13] {nemo} watch, see if it does
[12:13] {Threei}  totally inactive
[12:13] {Les} oh
[12:14] {nemo} pivot support here
[12:14] {Les} I don't have pivot here nemo of dndnd
[12:14] {nemo} bounced off
[12:14] {nemo} I do, .35
[12:14] {shorty} do
[12:14] {Les} can you send me a screenshot?
[12:16] {Les} http://uploads.mibbit.com/5QN9Af.gif
[12:16] {Les} I'll show you mine
[12:16] {nemo} workin' on it Les
[12:17] {Threei}  BP Coast Guard updates plans, notes a diconnect from containment system would be necessary 3-7 days before an impending Hurricane impact
[12:17] {nemo} snipping tool locked up my system
[12:18] {Les} http://www.wisdom-soft.com/products/screenhunter.htm
[12:18] {Les} u using this?
[12:19] {Les} so lvs was a long scalp
[12:19] {nemo} yeah
[12:19] {nemo} and yeah
[12:19] {nemo} now
[12:19] {nemo} tried snipping tool that came with VISTA pain in ass
[12:20] {Les} microsoft...
[12:20] {Les} you should know better
[12:22] {Threei}  you do know who is on TV, right?
[12:22] {dino} i hope john galt
[12:22] {Threei}  leave the hope...
[12:22] {RonS} the market bummer
[12:23] {dino} out fdx .44, +.39
[12:23] {nemo} on its way les
[12:23] {dino} market destroyer
[12:24] {Les} damn wanted dndn .40 b/d
[12:24] {Les} things I do to support a wife and kids
[12:25] {nemo} things your wife does to support you and the kids
[12:25] {nemo} might partial LVS here
[12:26] {nemo} especially with him on TV
[12:26] {nemo} yep
[12:28] {nemo} you get the email Leslie
[12:28] {nemo} ?
[12:32] {Les} back. let me check
[12:33] {Les} that's not pivot. what is that
[12:33] {dino} wow dndn
[12:33] {Threei}  US) President Obama: Insurance companies should not see the healthcare reform process as an opportunity for "unjustifiable" rate increases
[12:34] {Threei}  he'll never get it
[12:34] {Threei}  business moves accordingly to motivations you set,
[12:34] {nemo} dndn bounced at pivot support
[12:35] {Threei}  should or should not has nothing to do wioth it
[12:35] {Threei}  you make education loans easy - tuition fees increase
[12:35] {shorty} maybe he just says that so the majority thinks he cares?
[12:35] {Threei}  you guarantee mortgage loans - housing price increase
[12:35] {Threei}  start paying for health care - insurance premiums wil increase
[12:36] {Threei}  economics work on motives, not on morals or ethics
[12:37] {Threei}  whatever... it's all doomed anyway :)
[12:37] {Threei}  (US) President Obama: - Tells CEOs of insurance companies that they will be required to publicaly justify any large rate increases
[12:37] {dino} oooohhhhhhhhh
[12:38] {Threei}  as if they couldn't justify Earth being conus-shaped if there were profit in it
[12:38] {Les} nothing like a goodl old witch hunt
[12:38] {dino} all this guy does is try to verbally bully businesses
[12:39] {Threei}  pay me enoug and I will prove Earth is flat and lies on the backs of seven elephants standing on the huge tortouse
[12:39] {nemo} dndn either bounces or short here
[12:39] {Les} looking for recross short
[12:39] {shorty} Stelmach tried that in Alberta by increasing royalties.
[12:39] {dino} no 3i, the turtle of amazing girth, upon his back he carries the earth
[12:39] {Threei}  right
[12:40] {dino} obama is a "breaker"
[12:40] {Threei}  I'll throw elephants in for free :)
[12:40] {dino} nemo, dndn, where
[12:40] {dino} 00 break?
[12:40] {nemo} I would already be in
[12:40] {nemo} but .00 works
[12:42] {nemo} now short
[12:42] {dino} feels like db coming on it
[12:43] {RonS} le rinse of the weak longs
[12:44] {Les} lvs .95 b/d if holding .00 vad?=
[12:44] {Les} - =
[12:44] {Threei}  probably...
[12:45] {Threei}  kind of narrowed down
[12:45] {Threei}  will require considerable market move to work any direction
[12:46] {dino} hl l dndn .76
[12:46] {shorty} Target on dndn dino?
[12:46] {shorty} please
[12:47] {dino} .01+
[12:47] {shorty} ty
[12:47] {dino} need mkt help tho
[12:47] {shorty} ya.  I got in at .78 12:44.50
[12:48] {shorty} I keep forgeting to call it.
[12:48] {shorty} I am hoping for .20
[12:48] {Les} nice trendline holding spy up
[12:48] {nemo} cci interesting chart
[12:53] {Les} missed the .80 recross on dndn. the longs in this room sowing doubt in my mind...
[12:53] {dino} no good stopped -.27
[12:54] {shorty} me too
[12:57] {dino} taking a break on it
[12:57] {dino} better worlds
[12:57] {dino} ma up, v down
[12:59] {dino} ups
[12:59] {Threei}  Man Arrested after Wife Writes to Obama Asking for Help
[12:59] {larisa} lol
[12:59] {Les} wow
[13:00] {Les} gonna write dndn s .40 stop .60
[13:00] {dino} unbelievable
[13:00] {Les} already 1:1
[13:00] {Les} covered +.15
[13:00] {Threei}  http://edition.cnn.com/2010/US/06/21/new.york.obama.letter.immigration/
[13:00] {dino} nice
[13:01] {Threei}  *(US) TREASURY'S $40B 2-YEAR NOTE AUCTION DRAWS 0.738%; BID-TO-COVER RATIO: 3.45 V 2.93 PRIOR AND 3.10 AVG OVER LAST 10 AUCTIONS
[13:02] {Les} crazy stuff US immigration policy
[13:02] {nemo} how much indirect bidders take?
[13:03] {Threei}  70.18% allotted at the high
[13:03] {Threei}  - indirect bidders take 41.43% of competitive bids, direct bidders take 21.3%, primary dealers take 37.27%.
[13:03] {Threei}  - median bid 0.72%, low bid 0.647%
[13:03] {nemo} that's pretty good, then again, only 2 yar notes
[13:03] {nemo} year
[13:04] {dino} ups hl l .41
[13:04] {nemo} stronger volume this area on dndn dino
[13:04] {Threei}  White House has confirmed budget director Orszag to leave the Office of Management and Budget; as speculated earlier
[13:04] {nemo} probably sick of dealing with the morons, Or...
[13:05] {nemo} got a cushy job on Wall Street
[13:05] {Threei}  you assume he is any different?
[13:05] {nemo} perhaps...Stockman was under Reagan
[13:05] {Threei}  all I heard from hi was very heavy ideological
[13:05] {Threei}  from him
[13:05] {nemo} good soldier, so why is he leaving?
[13:06] {dino} because budget is out of control
[13:06] {nemo} yep
[13:08] {Threei}  I can't help but draw this parallel, forgive me for a sideways comment
[13:08] {Threei}  during Stalin times, when millions were sent to prisons and camps,
[13:08] {nemo} yep dino got the bottom on dndn
[13:08] {Threei}  a lot of them were true believers
[13:09] {Threei}  and comon refrain among them was:
[13:09] {Threei}  this is some middle level folks that are doing this to us,
[13:09] {Threei}  Stalin doesn't know, they decieve him,
[13:09] {Threei}  if we only find the way to let him know, he will save us.
[13:10] {Threei}  (of course letters by elatives to Stalin led to new arrests).
[13:10] {nemo} wow, cci broke 39
[13:10] {Threei}  Now, read this by that gal who wrote a letter
[13:10] {Threei}  "I feel really confused, I don't understand how something like this is possible. I can't imagine that at the top of the Obama administration that they realize that something like this is happening," Jamieson told CNN.
[13:11] {nemo} shallow end of the gene pool
[13:11] {RonS} they both should be arrested for ugly...
[13:11] {Threei}  well, I wanted to laugh but then looked in the mirror and elected to shut up
[13:11] {RonS} rotfl
[13:12] {nemo} ugly is as ugly does
[13:12] {Threei}  :)
[13:12] {dino} nice nemo dndn
[13:12] {Threei}  EU) Reportedly EU is considering a bond issue levy on member states with high levels of debt - unconfirmed report
[13:12] {Threei}  yup, let's add financial burden on those who are overburdened
[13:16] {Les} apc bad
[13:16] {Les} vad
[13:16] {Threei}  make up your mind, will ya
[13:16] {Les} this pullback below .30 good for a long break?
[13:16] {Les} if holding .20?
[13:16] {Threei}  for a quick scalp only
[13:17] {Les} ok
[13:17] {nemo} spy dropping
[13:17] {Threei}  overall, it's rather "short the bounces" than "buy the pullbacks"
[13:19] {Les} +.05 it is
[13:19] {Les} ty
[13:19] {Threei}  I just typed this:
[13:19] {Threei}  get out Les, IMO
[13:20] {Les} yeh thinking same thing
[13:20] {Les} having 3rd screen is making a difference
[13:20] {Threei}  nornally, I'd say sell into spike over .40
[13:21] {Threei}  but it's not worth the risk here
[13:21] {shorty} AONE Threei?
[13:22] {Threei}  dog with fleas...
[13:22] {shorty} lol
[13:24] {Threei}  US) Reportedly Senate negotiators on finreg bill rebuff effort to increase risk retention rules
[13:25] {Threei} Short Setup: APC  .30 break
[13:25] {Threei}  not a scalp if sets up and works
[13:26] {Threei}  - The current Senate proposal is for banks to retain 5% of risk in securitized assets (i.e. "skin in the game")
[13:26] {Threei}  more they tweak...
[13:27] {Threei}  - Strong Canadian Dollar combined with low productivity and lagging US demand are creating drags on the recovery.
[13:27] {Threei}  yes, horrible drags
[13:27] {Threei}  1:1 APC
[13:27] {Threei}  half out
[13:27] {Threei}  .18
[13:27] {Threei}  stop to .35
[13:29] {Threei}  1:2
[13:29] {shorty} nice ty Threei
[13:29] {Threei}  welcome
[13:30] {Threei}  1/4 more out
[13:30] {dino} gj
[13:30] {Threei}  ty
[13:32] {Threei}  stop for the last piece to b/e
[13:32] {Threei}  want to try and cover into sharp drop after loss of 42
[13:33] {Threei}  FR) France Fin Min Lagarde: May pursue more austerity at upcoming G-20 , will push for banking tax
[13:33] {Threei}  have they all lost their collective mind?
[13:33] {Threei}  what in the world that idiotic tax is supposed to achieve?
[13:34] {Threei}  if they are so eager to tax the greed, reckless behavior and disregard for econmic realities, why don't they tax themselves?
[13:35] {Threei}  Govt announced new tax on governmental activites
[13:35] {Threei}  when I see that, I'll believe in their sincere desire to tax the stupidity
[13:38] {dino} the way i see it 3i, is when half the people don't pay taxes, then govt can tax what itwants. plus when you have half not paying, you have effectively dumbed down the voters, hence they think these taxes are good. as for the politicians, they simply want that half of the voters, the ones not paying. bottom line, system is broken
[13:39] {Threei}  it so is...
[13:39] {Threei}  I no longer think it's fixable
[13:39] {Threei}  it's beyond repair
[13:40] {Threei}  and when I think what the only thing was that pulled US out of Great Depression and project this to today, I shudder
[13:40] {Threei}  wow
[13:40] {Threei}  must be news
[13:41] {Threei}  * JUDGE RULES AGAINST OBAMA MORATORIUM ON DEEPWATER DRILLING
[13:41] {Threei}  yes
[13:41] {Threei}  RIG too
[13:41] {dino} good
[13:41] {dino} oih spiked
[13:41] {Threei}  and even BP
[13:41] {dino} oii too
[13:42] {dino} slb hl l .70
[13:42] {Threei}  Reminder: HOS had filed suit against the Federal Govt's 6 month moratorium on deepwater drilling, which had been supported by the state of Louisiana, as they cited possible catastrope
[13:44] {Les} wow apc
[13:44] {shorty} Good thing I took profit
[13:44] {Threei}  last part was protected by b/e
[13:44] {shorty} right
[13:47] {RonS} hal pullback
[13:48] {Threei}  .45 long APC
[13:49] {Threei}  stop under .30
[13:50] {RonS} White House to appeal.
[13:50] {Threei}  sigh
[13:50] {Threei}  White House press secretary: to appeal Federal District Court judge's ruling to lift the moratorium on deepwater drilling in the Gulf
[13:51] {dino} out slb .-/o3
[13:51] {RonS} ...this guy is really bad...
[13:51] {Les} he likes to control...
[13:52] {RonS} he can't even control his wife...let alone his mouth
[13:54] {RonS} 1 million jobs...what is that 3 million people hurt by his idiocy?  sickening
[13:54] {dino} well he likes to destroy stuff, healthcare, banks, autos, and now oil
[13:59] {dino} slb l .50
[14:00] {dino} out .58, +.08
[14:00] {nemo} not waiting around, huh?
[14:00] {dino} no
[14:01] {RonS} dino channels ese...
[14:01] {dino} atpg, do may be better
[14:01] {dino} mkt drop
[14:02] {RonS} DRILLERS-- THE REASON THEY ARE SELLING OFF.........DESPITE THE FACT THAT THE JUDGE LIFTED THE BAN.........DRILLERS STILL MUST GET A PERMIT FROM THE MMS ( MINERALS MGT SERVICE )....... THE MMS IS A GOVT AGENCY AND IT IS HIGHLY UNLIKELY THAT THE DRILLERS WILL GET NEW PERMITS............THE ONLY DRILLING THAT COULD BEGIN ARE WHERE A DRILLER ALREADY HAS A PERMIT.
[14:02] {RonS} ...sorry about the caps...
[14:03] {RonS} great quote:  all they need to do is show Barry how to play golf off a rig...
[14:04] {dino} lol
[14:04] {Threei}  I swear APC is going to lose 42'
[14:04] {dino} hl slb l .25
[14:05] {Threei}  AONE Pacific Crest Raised AONE to Outperform from Sector Perform, price target: $12
[14:05] {Les} been shorting slb from .50 after dino jumped ship
[14:06] {dino} out .47, +.22
[14:06] {dino} .25-.55 ranging
[14:06] {Les} last quarter stopped b/e
[14:06] {Les} yeh too fast to post. half cover .40 quarter .30 1:3 missed by .02
[14:06] {dino} atpg about .95 to .09
[14:07] {Threei} Short Setup: APC  .05 break
[14:07] {dino} do dk
[14:07] {Threei}  invalidated above .20
[14:07] {dino} below announcement
[14:08] {dino} brb
[14:11] {Les} fad if invalidated?
[14:11] {Les} fade
[14:11] {Threei}  no idea
[14:14] {dino} now slb goes
[14:15] {dino} hl s slb .70
[14:17] {Threei}  APC...
[14:18] {Threei}  grrr
[14:18] {dino} cov slb .36 rigs idled on the ban
[14:18] {Les} I took it
[14:18] {dino} cov nope, typo
[14:18] {Les} failed on the long side
[14:19] {dino} 36 rigs idle
[14:19] {dino} break .50
[14:19] {Les} covered half .86 +.18, 1/4 .76, last quarter aiming for .66
[14:20] {Les} done all out
[14:21] {dino} good girl, cov slb .40, +.30
[14:21] {dino} do lod
[14:21] {nemo} nice Leslie
[14:21] {Les} no worries mark
[14:21] {nemo} list
[14:22] {Les} let me check my inbox. what's the family name?
[14:22] {Les} something foreign...
[14:22] {Les} I obviously need to write a letter to the president
[14:22] {nemo} noticed it ends in a vowel, and what country is just south of you with a very nice, shall we say, underground organization
[14:23] {Les} send me a recommendation. would love to catch up on your family this summer :)
[14:23] {Threei}  after doing that Les, every time you hear knock on the door come out with your arms stretched forward
[14:23] {nemo} have to go to sicily
[14:24] {Threei}  APC... why oh why did you have to invalidate my entry
[14:24] {Les} I reestablished trade vad when APC didn't follow thru on longside when market was bouncing. dunno if that's valid or not?
[14:25] {Threei}  it dropped into trigger in one 20 cents swoop move
[14:25] {Threei}  no way I'd take such entry
[14:25] {Les} ok
[14:26] {Threei}  it may seem brilliant in this particular case
[14:26] {Threei}  in real trading stats, this kind of entries will kill you
[14:28] {dino} dndn nemo?
[14:29] {nemo} I think it tops out at .60 at most
[14:29] {nemo} but I have no solid read on it
[14:30] {dino} do hl l .00
[14:35] {dino} do out .25, +.25
[14:35] {RonS} gj dino
[14:35] {dino} toughie
[14:35] {RonS} no kidding
[14:35] {dino} lol
[14:43] {nemo} dndn touched .60 and backed off
[14:48] {RonS} US) Mineral Management Service (MMS): Deepwater drilling companies must meet new safety rules before provided authorization to resume operations
[14:51] {Les} lvs .30 b/d?
[14:52] {Threei}  one more bounce first desirably
[14:52] {Threei}  to reinforce resistance vs double bottom bounce
[14:52] {Threei}  ideally, topping uner .40, better yet .35
[14:53] {dino} gut says this move is headfake
[14:53] {Threei}  down move you mean?
[14:53] {dino} no up, but so far wrong
[14:54] {Threei}  we are testing 110
[14:54] {Threei}  which is significant support
[14:55] {dino} anat sm l .94 thin, wide ,risky
[14:55] {dino} itri sm l .03
[14:57] {Les} got a read on HAL vad?
[14:57] {Threei}  26 break short or .10 long...
[14:58] {Les} ok ty
[14:59] {dino} should not come into play today, but first gaps 6/14 at 10190, 1845, 1089; then 6/9 at 9899, 1778, 1055
[15:04] {dino} your .60 wall holds dndn nemo
[15:05] {nemo} voices in my head
[15:06] {dino} me too
[15:06] {nemo} they keep saying "Kill Les"  "Kill Les"
[15:06] {dino} mine keep me up at night
[15:06] {Les} This is not a trading room... you are entering "the twilight zone"
[15:06] {Les} FRIKIN DIE HAL
06[15:09] * Threei puts a grenade in HAL's pocket
[15:10] {Les} ooh you brought back memory of grenade disaster at infantry training
[15:10] {Les} wasn't nice
[15:10] {Les} and no nemo I don't have a colostomy bag
[15:10] {nemo} it obviously wasn't enough of a disaster
[15:11] {Les} not for me anyway
[15:11] {Les} 1:1 hal half out
[15:11] {nemo} dead is good.  1/2 dead...not good
[15:11] {Threei}  1:1
[15:11] {Les} tore the young digger in half
[15:11] {nemo} dead is good
[15:11] {shorty} wow
[15:12] {Les} like this mining tycoon dead in cameroon
[15:12] {Les} $1B personal fortune
[15:12] {Les} poof all gone
[15:13] {Les} you think you're at the top of your game...
[15:14] {Les} 110 is proving decent support
[15:14] {dino} .60 gone
[15:15] {nemo} I was just thinking it might break it
[15:15] {dino} hammer to ice
[15:17] {Les} 2nd half stopped flat
[15:18] {Les} big vol m oving in HAL
[15:20] {shorty} would l .10 still be in play for HAL Threei?
[15:21] {Threei}  nah
[15:21] {Threei}  unless it pulls back,
[15:21] {Threei}  holds above 26
[15:21] {Threei}  then breaks
[15:21] {shorty} ok
[15:24] {nemo} I'm off c u 2morow
[15:24] {Les} ciao
[15:25] {larisa} bye nemo
[15:25] {dino} cya
[15:25] {RonS} cya nemo
[15:25] {Threei}  take care nemo
[15:31] {shorty} d/b HAL?
[15:32] {Threei}  only is market reverses
[15:38] {dino} plcm drop
[15:39] {Threei}  US) Senator Dodd (D-CT): Sees a "tighter" version of the Volcker Rule, along the lines of proposals by senators Merkley and Levin
[15:43] {Threei}  - Earlier in the process, Merkley and Levin proposed an amendment that would create a statutory ban on proprietary trading instead of leaving it up to regulators to set rules on prop trading. Their amendment failed in the Senate.
[15:44] {Threei}  idiots with their tweaking
[15:48] {RonS} good night to you all  :)
[15:49] {dptl} have a good evening all
[15:49] {Threei}  take care ron, dp
[15:50] {dino} cya ron, dp
[15:50] {dino} dji -2.9% since yesterdday hod
[15:51] {shorty} Cya tomorrow guys.
[15:51] {Threei}  take care shorty
[15:51] {dino} 3.2% s/p, 3% ndx
[15:51] {dino} cya shorty
[15:51] {shorty} :)
[15:52] {dino} going for lod
[15:59] {dino} stopped itri -.40
[16:01] {Threei}  thank you all, have a good evening
[16:01] {Threei}  see you tomorrow
[16:02] {dino} thx all, good time

Wed Jun 09 2010

Per one member's request, we will do two charts today (I guess he likes them). First is beautiful LVS breakdown - we were hunting for a setup on it but its first moves after opening were too vicious with no clear setups. Finally it formed a decent range for a short - 10 cents risk, the reward is easy to see on this cascading chart.

Second one is CAT breakout. Chart break was 58.15 but there was also a huge offer at .16, so we made the break of that price our long trigger.
Overall, very nice day with a lot of good trades on both sides.

Session Time: Wed Jun 09 00:00:00 2010

[08:12] {magoo} morn

[08:13] {Threei} hey mags

[08:24] {Threei} EU) Russian President Putin: "Trusts and believes" in the euro, believes EU leaders are handling the crisis correctly

[08:24] {Threei} - Will not change attitude to the euro's role as a reserve currency.

[08:24] {Threei} ***Reminder: On May 27th, Russia Central Banker Ignatiev stated that there was no discussion about changing Russia's reserve makeup (In recent sessions there had been market rumors that the CBR would cut its euro share of currency reserves . Back on On May 24th theStreet.com reported that Russia's Central Bank increased its USD reserve

[08:25] {Threei} allow me to translate fro Russian

[08:25] {Threei} "we believe Euro is so dead..."

[08:26] {Threei} GR) Greek Fin Min Papaconstantinou: Reiterates on track to meet 2010 deficit target; Rumors of sovereign default are 'ridiculous' and restructuring NOT an issue

[08:27] {Threei} "I reiterate, NOT an issue"

[08:27] {Threei} Second EU/IMF mechanism payment is secured

[08:27] {Threei} - Greece may processd with GDP revision from 2011 in conjunction with EuroStat.

[08:27] {Threei} - Deposit outflows from Greek banks have recently stopped.

[08:27] {Threei} - 5-month state revenue above 8%, expenditure down more than 10% y/y.

[08:27] {Threei} **Insight: The 2010 Greece target deficit-to-GDP ratio of 8.7%.

[08:29] {Threei} 7:00:16 AM

[08:29] {Threei} CIENA Corp. Reports Q2 -$0.13 v -$0.26, R$253.5M v $268Me

[08:29] {Threei} - Guides Q3 Rev $375-400M v $385Me

[08:29] {Threei} - Expects that as-adjusted gross margin will be consistent with our near-term expectation of low 40s.

[08:29] {Threei} - Europe remains a challenge due to volatile macroeconomic conditions

[08:29] {Threei} - Non-U.S. customers contributed 29% of total revenue.

[08:29] {Threei} - Gross Margin 49% v 43% y/y

[08:38] {nemo} morn mags

[08:38] {nemo} gotta' question

[08:38] {nemo} what key combination closes a window?

[08:40] {Threei} Ctrl-F4?

[08:40] {nemo} tried that

[08:40] {Threei} Alt-F4?

[08:41] {nemo} mmmhhhh?

[08:41] {Threei} Shift-F4?

[08:41] {Threei} one of those

[08:42] {Threei} IT) Italy Treasury: Treasury recouped 5.6B in revenues from tax amnesty; Government recieved in total 104.5B

[08:42] {nemo} alt

[08:42] {Threei} OK... I rememer F4, the resy is for multiple tries :)

[08:43] {nemo} yep

[08:46] {Threei} this I find hard to believe:

[08:46] {Threei} (GR) China is looking to invest heavily in Greece - Washington Post (update)

[08:47] {Threei} my translation: {China} let's talk this thing up, maybe we can dump at beter prices

[08:47] {Threei} - The Chinese are planning to spend hundreds or even billions of euros into Greece. The cornerstone of the plans is the transformation of the Greek port of Piraeus into "the Rotterdam of the south," creating a modern gateway linking Chinese factories with consumers across Europe and North Africa.

[08:47] {Threei} - This week, the Chinese shipping giant Cosco assumed full control of the major container dock in Piraeus, just southwest of Athens. In return, the Chinese have pledged to spend $700 million to construct a new pier and upgrade existing docks.

[08:47] {Threei} - The Greek government is also courting China for a bevy of other projects, including a sprawling new distribution center in the industrial wastelands west of Athens, a monorail line, five-star hotels and a new maritime theme park

[08:48] {Threei} or:

[08:49] {Threei} let's at least spend those Euros as fast as we can and get an ownership of something real, while we still can buy something for this dying currency

[08:50] {nemo} How much you want to bet they eventually put a Naval fleet there? They have no bases to speak of outside of China.

[08:55] {Threei} Fitch revises outlook on US equity REITs to Stable from Negative

[08:57] {Les} good idea for the chinese. cut time and congestion in rotterdam

[08:58] {Les} Italian railway a bit crappy, but swiss building huge tunnel to link south with north. very fast

[08:58] {Threei} (and get rid of Euros in the process)

[08:58] {Les} as should everyone

[08:58] {Les} who holds euros

[08:58] {Les} morning

[08:58] {Threei} hi

[09:00] {Threei} BP US Coast Guard, in letter dated June 8, sets 72 hour deadline to produce a revised oil containment plan

[09:05] {dino} gm all

[09:05] {Threei} dino :)

[09:07] {Threei} (IT) Italy CGIL union calls for general strikes against austerity measures on June 25th (related EUR/USD EWI )

[09:07] {Les} hi dion

[09:07] {Les} dino too

[09:08] {Threei} (HU) Fitch: Hungary's budget plans are a "moderately encouraging," 2010 budget deficit ratio remains unchanged at 4.2%

[09:08] {Threei} - Calls for Hungarian Govt to avoid attacking its Central Bank

[09:08] {Threei} lol

[09:12] {RonS} gm gents

[09:12] {larisa} gm :)

[09:12] {dino} :D

[09:13] {Les} hey larisa. aren't you forgetting someone ron?

[09:13] {Threei} ron, larisa :)

[09:13] {nemo} BIDU looks like it wants to pop

[09:14] {RonS} larisa was not on then Les. Hi Larisa. ;)

[09:14] {larisa} np, I am not THAT sensitive :) Ron, Les, Vad, all :)

[09:15] {dino} china is being smart on the greece move, getting in cheap. buying when the blood is flowing

[09:16] {RonS} ...unaware of history..."Beware of Greeks bearing gifts."

[09:16] {Les} yeh, they'll have to put chinese workers on the dock if they want to move stuff

[09:16] {RonS} lol

[09:18] {RonS} What does everyone think?...chop or run today?

[09:19] {Threei} what's the point Ron?

[09:19] {RonS} ...Big Ben starts talking at what? 10 a.m.?

[09:19] {Threei} CIEN picked up stterngth

[09:20] {RonS} ...just checking feerings 3i...

[09:20] {Threei} yes, 10

[09:20] {nemo} fas bidu V

[09:20] {jfjf64} mornin

[09:20] {Threei} jf :)

[09:21] {lasertrev} good morning

[09:21] {Threei} trev :)

[09:22] {Threei} EU) EU's Barroso: It is now not the time to redesign EU treaties

[09:22] {Threei} really

[09:22] {Threei} I'd rearrange the chairs on Titanic's desk

[09:22] {Threei} deck

[09:23] {Threei} the political will of EU members is main factor

[09:23] {Threei} no, it's not - the laws of economy is

[09:23] {Threei} invisible hand,, ya know

[09:25] {Les} I think it comes down to the people

[09:25] {Les} get them angry enough...

[09:25] {Les} politicians will hang

[09:25] {Threei} economy will

[09:25] {Threei} and sometimes economy does that wothout even populal anger

[09:26] {Threei} witness USSR

[09:26] {Les} right

[09:26] {Threei} there was no widespread anger

[09:26] {Threei} things just crambled under their own weight

[09:27] {Threei} (US) Goldman Sachs Abbey Joseph Cohen: Sees no 'double' dip recession in the US, though growth will slow in H2 of this year

[09:27] {Threei} - Belives that the Fed will wait as long as possible before hiking rates.

[09:27] {Threei} - Sees that the euro is fairly valued for now

[09:28] {nemo} O.K. Now we can be sure what's gonna' happen

[09:28] {nemo} Just go opposite AJC

[09:29] {Threei} pullback CIEN should be interesting for long,

[09:29] {Threei} desirably to 14.50

[09:30] {Les} so Patience made out well if she was all in long at 1:30pm yesterday

[09:30] {Threei} NKTR Announces Positive Initial Results from Phase 2 Study of NKTR-102 in Metastatic Breast CancerAnnounces Positive Initial Results from Phase 2 Study of NKTR-102 in Metastatic Breast Cancer (11.54, +0.29, 2.58%)

[09:32] {Threei} LVS

[09:32] {Threei} pullback to about .20 on watch

[09:32] {Threei} at least

[09:32] {Threei} quite possibly deeper

[09:33] {Threei} shurg

[09:33] {Threei} shrug too

[09:34] {Threei} no news, no idea what got into it

[09:35] {shorty} morning all

[09:36] {jfjf64} uso

[09:36] {jfjf64} .03 break

[09:36] {Threei} shorty :)

[09:37] {Threei} OK

[09:37] {Threei} sharp pullback

[09:37] {Threei} one more leg, .30 is support now

[09:37] {nemo} what stock?

[09:37] {magoo} LVS

[09:37] {Les} out +.10 lvs

[09:37] {nemo} ty

[09:37] {jfjf64} whos on 1st

[09:37] {nemo} what team?

[09:38] {jfjf64} not celtics

[09:38] {jfjf64} lol

[09:38] {nemo} fas may be looking for open at .10

[09:40] {Threei} CIEN, coming there

[09:40] {Threei} keep an eye on it, .50 is solid support

[09:40] {Threei} USD/CNY (US) US Sen Stabenow (D-MI): There will be enough votes in Senate to bring a China currency bill to the floor for ultimate approval

[09:41] {jfjf64} fcx

[09:41] {nemo} tempting

[09:42] {Threei} FCX??

[09:42] {Threei} no way

[09:42] {jfjf64} in .58

[09:42] {Threei} for short, maybe

[09:42] {Threei} .50 - .60

[09:43] {Threei} no short

[09:43] {Threei} ok, this time LVS should lose the support and give real pullback finally

[09:43] {Threei} under .40 will get interested

[09:44] {nemo} 1:1 fcx

[09:44] {Les} fcx developing a squeeze maybe? l .61

[09:45] {Threei} well, you have 1:2

[09:45] {jfjf64} out half

[09:45] {Threei} finally LVS

[09:45] {Threei} recross hunt is on from under .30

[09:46] {Threei} (US) Nevada reports April casino rev $810.4M, -5.7% y/y; Las Vegas strip -0.9% y/y

[09:46] {nemo} oops

[09:47] {Les} out fcx +.15

[09:47] {Threei} another shorp leg down is coming LVS

[09:47] {Threei} sharp too

[09:47] {nemo} spy probably to 107

[09:47] {jfjf64} fcx done

[09:48] {jfjf64} trigger lvs

[09:48] {Threei} not yet...

[09:48] {Les} 50ma lvs .10

[09:48] {Threei} this bounce smells like trap

[09:48] {Threei} let it drop more

[09:48] {nemo} disturbance in The Force, huh?

[09:49] {Threei} FCX watch for bounce entry closer to 63

[09:49] {Les} well fcx was good for a quick kiss before dumping me

[09:53] {Threei} anyone got CIEN near .50?

[09:54] {jfjf64} wish

[09:54] {Les} vad GG here. long on 44 pullback or watch for breakdown?

[09:55] {Les} I think its b/d

[09:55] {Threei} probably

[09:55] {Threei} if stays under .10

[09:56] {Les} s GG .99

[09:56] {jfjf64} b/d ??

[09:56] {Threei} Short Setup: LVS .40 break

[09:56] {Threei} stop above .50

[09:57] {Threei} not a scalp LVS

[09:57] {Les} gg stopped

[09:57] {Threei} 1:1, half out

[09:57] {Threei} +.13

[09:58] {Threei} 1:2, 1/4 more out

[09:58] {Threei} +.22

[09:58] {Threei} 1:3 was almost hit while I typed 1:2, lol

[09:58] {nemo} .11 is 200 ma

[09:59] {Threei} 1:3

[09:59] {Threei} out in full

[09:59] {Threei} +.31

[09:59] {jfjf64} very nice

[09:59] {jfjf64} ty

[09:59] {Threei} 1:4

[09:59] {Threei} for who is more parient

[09:59] {Threei} (I am sure no one here is)

[10:00] {Threei} CH) Senator Schumer: Failure to cite China as FX manipulator is disappointing

[10:00] {nemo} oh, and the US doesn't manipulate either...sheesh

[10:01] {nemo} 1:5

[10:02] {dino} ima sm l .50

[10:03] {nemo} 1

[10:03] {jfjf64} sharp drop cien

[10:03] {nemo} ;6

[10:03] {nemo} 1

[10:03] {nemo} ;6

[10:03] {nemo} 1:6

[10:03] {nemo} weird

[10:04] {Threei} (US) Fed's Bernanke: US fiscal position has deteriorated strongly, see significant restraints on the pace of the US recovery- Imact on US economy from European crisis is likely to be modest, if markets stabilize.

[10:04] {Threei} - Fed intends to do was is necessary to help the recovery.

[10:04] {Threei} - Economy will likely grow this year and in 2011.

[10:04] {Threei} - US job market is improving, still has a long time to go.

[10:04] {Threei} - Expects gains in private demand to sustain the economic recovery, consumer spending to rise moderately

[10:04] {Threei} - Housing market has firmed up only slightly since the middle of last year

[10:09] {RonS} aapl bruised

[10:09] {Threei} I still feel it's my fault

[10:10] {dino} ima stopped -.10, mkt drops

[10:10] {RonS} $750 b market cap and it's your fault...lol

[10:10] {Threei} watching LVS for double bottom

[10:10] {Threei} strokes my ego, Ron :)

[10:11] {RonS} ...and i thought Larisa did that...

[10:11] {Threei} no, she mostly hurts it

[10:11] {nemo} V riding yesterday's close as support

[10:11] {Threei} I take credit for Nissan's financial strength

[10:11] {Threei} why wouldn't I take blame for AAPL weakness

[10:12] {nemo} V making gradually lower highs

[10:12] {Threei} wanted LVS somewhere around .85 - .90

[10:13] {Les} how's the nissan going vad?

[10:13] {Threei} Short Setup: CIEN .70 break

[10:13] {Threei} if stays below .80

[10:13] {Threei} the loveliest car I've ever had Les

[10:13] {nemo} is it long above .80?

[10:14] {Threei} IMO, no

[10:14] {nemo} TY

[10:15] {dino} v, ma may be down march comsumer credit revised from +2 b to -5,4 b, never trust the govt figures

[10:15] {Threei} so, let's see:

[10:15] {Threei} for the last few days pullbacks were deeper than we expected,

[10:16] {Threei} causing a lot of invalidations and rinses

[10:16] {Threei} so, I adjust, trying to place expectations at farther levels

[10:16] {nemo} and of course, market changes

[10:16] {jfjf64} thats correct

[10:16] {Threei} and we reach very few of them

[10:16] {nemo} you need to mask your thoughts

[10:17] {Threei} CIEN did drop to .50 for a nice bounce

[10:17] {nemo} tree falling in the forest

[10:17] {RonS} ergo, the chop or run Q...

[10:17] {Threei} LVS did too but 1 time out of 4

[10:17] {dino} dcth sm l .55

[10:17] {Threei} so we missed three valid plays

[10:18] {Threei} oh well.. price you pay for being flexible sometimes, lol

[10:18] {Threei} still beter than being stubborn donkey

[10:18] {nemo} V still descending highs

[10:18] {nemo} beter...? Freudian?

[10:18] {nemo} oh, donkey

[10:20] {Threei} Short Setup: BP .70 break

[10:20] {Threei} if stays under .80

[10:20] {jfjf64} lost me

[10:20] {Threei} ?

[10:21] {Threei} .71 x .72 at the moment of the call

[10:21] {Threei} .70 break is short trigger

[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:22] {Threei} **consensus expectations:

[10:22] {Threei} Crude: -1Me

[10:22] {Threei} Gasoline: -250Ke

[10:22] {Threei} Distillate: +500Ke

[10:22] {dino} cfsm l .01

[10:23] {nemo} Like V short yet Vad?

[10:24] {Threei} no idea

[10:24] {nemo} TY

[10:24] {Threei} die already BP

[10:24] {jfjf64} fightin

[10:25] {shorty} needs to break .66

[10:25] {Threei} over 1:1

[10:26] {Les} +.15 ty

[10:26] {Threei} half out +.13

[10:26] {shorty} I panicked...out

[10:26] {Les} someone smack shorty

[10:26] {Threei} where shorty?

[10:26] {shorty} .58

[10:27] {Threei} well, it's a valid scalp

[10:27] {Threei} 1:2

[10:27] {Threei} 1/4 more out +.23

[10:27] {Threei} 1:3

[10:27] {shorty} It is...It dropped so fast

[10:27] {Threei} yup

[10:28] {Threei} even though it did look like worth more than scalp, I woulnd't blame anyone for taking it off there

[10:28] {Threei} missed last exit while blabbing

[10:28] {Threei} let's see if it gives me good price again

[10:29] {Threei} stop to above .60 for the last piece

[10:29] {Threei} 1:3 again

[10:29] {Threei} riding it

[10:29] {Threei} well, trying

[10:30] {Threei} DOE CRUDE: -1.83M V -1ME

[10:30] {Les} lvs looking for that db

[10:30] {Threei} GASOLINE: 0K V -250KE; DISTILLATE: +1.8M V +500KE; UTILIZATION: 89.1% V 87.5%E

[10:31] {Threei} lvs

[10:31] {Threei} need more

[10:31] {Threei} I don't trust it here

[10:34] {shorty} LVS is hard to play right now.

[10:34] {Threei} yeah, no pattern

[10:34] {Threei} a lot of noise

[10:37] {Threei} Short Setup: WFC .55 break

[10:37] {Threei} stop above .65

[10:38] {Threei} hardcore scalpers can keep it above .60 but I am not a fan of this approach in this particular case

[10:39] {shorty} darn...missed your call

[10:39] {Threei} it's there again

[10:40] {shorty} took it

[10:40] {dino} qcom .95 l

[10:40] {Threei} pesky scalpers have 1:1

[10:40] {nemo} TY

[10:40] {Threei} but we all despise those lowlife creatures, right?

[10:40] {nemo} Where's that list....?

[10:40] {Les} hmm I am wearing day trader cap for this trade

[10:41] {Threei} lord, fern is going to kill me when he is back

[10:41] {shorty} How is he doing?

[10:41] {nemo} saw spy bouncing off support

[10:41] {Threei} haven't heard from him yet

[10:42] {Threei} US) Fed's Bernanke: Cannot ever entirely rule out a 'double dip' recession, but moderate growth expected; Economic recovery "modest," not as fast as desired, but we averted economic collapse - Q&A

[10:42] {Threei} - Encouraged by the European response; stresses importance of cooperation

[10:42] {Threei} "we averted economic collapse" - we will hear that for years to come

[10:43] {Threei} and will never know whether cure was worse than illness

[10:43] {Threei} - Confident Europeans want to maintain the currency union and leadership is committed to the resolution of problems

[10:44] {Threei} isn't it funny, markets are green and all our winning trades are on short side, if not count CIEN bounce

[10:44] {Threei} - Price of Gold reflects market uncertainty, signals sent are different from that of other commodities

[10:45] {Threei} of course they are, gold is perceived as half commodity half currency

[10:45] {dino} ipcm

[10:45] {nemo} Scalpers win

[10:46] {shorty} stopped WFC

[10:46] {Threei} not yet

[10:46] {nemo} saw .65 print

[10:46] {Threei} yes

[10:46] {Threei} [10:37] {Threei} stop above .65

[10:46] {Threei} now it is

[10:46] {RonS} IPC The Hospitalist Gets DOJ Info Request On Medicare Claims 06/09 07:27 AM

[10:47] {nemo} What did the French knight on the ramparts say to King Arthur in Search for the Holy Grail?

[10:47] {RonS} how's it hanging?

[10:47] {nemo} no

[10:47] {Threei} - Reiterates comfort that the Fed has the tools it needs to exit low interest rate policy without creating inflation

[10:47] {shorty} We are the knights that say NI!

[10:47] {nemo} no

[10:48] {nemo} that was later

[10:48] {dino} good night

[10:48] {nemo} no

[10:48] {Threei} got a cigarette?

[10:48] {nemo} nah

[10:48] {RonS} sacre bleu!

[10:48] {Threei} pass me that bottle?

[10:48] {nemo} sheesh

[10:48] {nemo} god

[10:48] {nemo} oh, boy...have you guys got homework!

[10:49] {RonS} since it is legend...who cares?

[10:49] {nemo} classic movie

[10:49] {dino} out qcom .07, +.12

[10:49] {shorty} There is a reason why I married rich, it's so I don't have to do anymore homework.

[10:50] {RonS} oh, the movie...

[10:50] {Les} good answer

[10:50] {dino} gj shorty

[10:50] {nemo} now the trick is to stay married :)

[10:50] {shorty} :)....and thanks dino

[10:51] {RonS} ...or get paid in the divorce

[10:51] {dino} ;)

[10:51] {shorty} Covered that one RonS...:D

[10:51] {shorty} But, there is love.

[10:52] {nemo} right....

[10:52] {shorty} lol....

[10:52] {shorty} I hate LVS

[10:52] {Threei} {LVS} why, oh why

[10:53] {Threei} notice where it bounced from on that double bottom formation

[10:53] {dino} ipcm sm l .00 risky

[10:53] {nemo} yesterday's close

[10:53] {Threei} [10:12] {Threei} wanted LVS somewhere around .85 - .90

[10:54] {Threei} see 10:33 low?

[10:54] {nemo} yep

[10:55] {Threei} Sixty-four percent (64%) say U.S. society is generally fair and decent while 24% view it as unfair and discriminatory.

[10:55] {Threei} well... would be werid if majority saw it as discriminatory, no?

[11:00] {Les} gold miners not with the program

[11:01] {Les} $POG letting off some steam

[11:02] {dino} out cf ave .42,

[11:02] {dino} +.41

[11:05] {Threei} AIG Fed's Bernanke: Believes AIG will repay all TARP funds - Q&A (34.97, +0.66, 1.92%)

[11:07] {Threei} ugh... .50 break AIG, happened way too fast to alert

[11:08] {Threei} see if bounce to above .50 for double top short entry

[11:09] {Threei} we want it to go over .50, form the lower top and break .50 again for entry

[11:09] {Threei} (US) US Dept of Interior's Salazar: 6 month moratorium on deepwater drilling could end sooner (related USO )

[11:10] {dino} out ipcm .50, +.50

[11:10] {Threei} HAL

[11:11] {Threei} interesting daily

[11:11] {Threei} 24 break should catapult it

[11:11] {Threei} hopefull tomorrow

[11:11] {Threei} hopefully

[11:12] {Threei} German Economy Minister rejects Opel's request for aid

[11:12] {Threei} oh good... someone has some commmon sense

[11:12] {Les} i've lost laser. anyone else?

[11:13] {Threei} fine here

[11:13] {nemo} nope

[11:13] {nemo} putz

[11:13] {Les} a european thing hey...

[11:13] {nemo} no...

[11:13] {nemo} an aussie trying to operate a computer

[11:13] {dino} blame it on dr. evil's "lazer"

[11:13] {nemo} need ese with a rim shot

[11:14] {Threei} AIG, sharp dive to about .60 turns it into bounce candidate

[11:15] {Threei} (US) S&P awaiting change in tone from US Govt on policies to handle deficit (related MUNIS TLT SHY IEF )

[11:17] {RonS} DC sirens to change pitch of whining

[11:18] {Threei} at most

[11:18] {Threei} even that is in doubt

[11:19] {Threei} the "it's all Bush fault" routine is too entrenched and comfortable

[11:22] {Threei} CAT Raises dividend 5% to $0.44 from $0.42

[11:22] {Threei} - Payable August 20, 2010, to stockholders of record at the close of business, July 20, 2010.

[11:23] {RonS} short squeeze could heat up in pq

[11:23] {Threei} CAT too

[11:23] {Threei} if breaks .16

[11:24] {Threei} HAL broke 24

[11:24] {nemo} it's been running a 45 degree line since yesterday

[11:24] {Threei} Long Setup: CAT .16 break

[11:26] {nemo} stop?

[11:27] {Threei} what stop... half out here

[11:27] {Threei} or take scalp

[11:27] {nemo} scalp

[11:28] {Threei} if partial, stop for the balance to under .10

[11:28] {dino} ima sm l .80

[11:28] {Threei} offer 1/4 more above .40

[11:28] {Threei} out.42

[11:29] {Threei} stop to b/e

[11:30] {Threei} IA) UN Security Council pass sanctions on Iran

[11:30] {Threei} - Brazil and Turkey vote against

[11:31] {Threei} anyone went for HAL?

[11:31] {nemo} huge offer .21

[11:32] {Threei} I don't suggest long here

[11:32] {Threei} offer last piece of CAT at .55

[11:33] {Threei} sharp pullback HAL

[11:33] {Threei} recross long

[11:34] {Threei} 5 cents range

[11:34] {jfjf64} .05

[11:34] {Threei} ?

[11:35] {Threei} CAT direct hit

[11:35] {jfjf64} recross .05

[11:35] {Threei} out +.40

[11:36] {Threei} why not 24 jf??

[11:36] {Threei} with .95 support

[11:43] {Threei} anyone's alive out tjere?

[11:43] {nemo} no

[11:43] {RonS} Salazar: BP Must Pay Salaries Of Any Laid-Off Oil-Services Workers 06/09 09:21 AM

[11:44] {RonS} Ken Salazar = god

[11:44] {nemo} if they're laid off, they're unemployed...wtf

[11:44] {Threei} RMBS US Appeals court reportedly decides cases should be reheard in October (22.65, +0.75, 3.42%)

[11:46] {Les} haha can hear my friend's teeth grinding over that decision

[11:46] {nemo} BIDU short?

[11:47] {jfjf64} lvs nother leg down vad

[11:47] {Threei} no idea BIDU

[11:48] {Threei} LVS, around .50 - .60 probably

[11:51] {Les} vad, when laser keeps cutting out

[11:51] {Les} anything I can do through setup?

[11:51] {dino} ima stopped -.30

[11:51] {Les} I will definitely have trev on speed dial

[11:53] {jfjf64} in .67

[11:53] {jfjf64} lvs

[11:54] {Threei} I don't know what you mean Les

[11:54] {Threei} setup is setup

[11:54] {Threei} done once

[11:54] {Les} no, at the login screen

[11:54] {nemo} huge ofer bidu .90

[11:55] {Threei} login screen? there is just username and password there

[11:55] {Les} ah bon? demo login has setup button as well

[11:55] {Threei} [11:54] {Threei} setup is setup

[11:55] {Threei} [11:54] {Threei} done once

[11:55] {jfjf64} half out.78

[11:56] {Les} ok

[11:56] {Les} not working well today

[11:56] {jfjf64} done

[11:56] {Threei} wtg jf

[11:58] {dino} gj

[12:01] {RonS} dino, lwsn

[12:03] {RonS} lwsn ibm rumors?

[12:05] {Threei} LWSN Hearing Dealreporter speculating could be takeover target (timing uncertain) (7.90, +0.16, 2.07%)

[12:07] {jfjf64} back

[12:07] {jfjf64} mibbit

[12:07] {jfjf64} grrrrrrrrrrrr

[12:12] {Threei} (IA) Senior Iran Official: Iran has no intention to suspend enrichment activities following UN vote (related USO GLD )

[12:12] {Threei} as if anyone ever doubted that

[12:15] {Threei} http://www.youtube.com/watch?v=1Z9qZzO2UOg

[12:16] {shorty} Awesome!

[12:16] {Les} can't blame her

[12:17] {shorty} He is a she?

[12:17] {Les} who knows

[12:23] {Threei} RMBS...

[12:23] {Threei} panic comes

[12:24] {jfjf64} hmmmmmmmmmmmmm

[12:24] {Threei} watching if we get some clear bounce forming

[12:24] {Les} this area is last line of defence .70 pivot support

[12:26] {Les} having a drink with neighbour yesterday

[12:26] {Les} he wants to buy at open 21.50 rmbs

[12:27] {Threei} why didn't we just short on "panic comes" remark {G}

[12:27] {Les} cause its dropped so damned far. scary

[12:27] {nemo} or on break of support

[12:28] {Les} l .11

[12:28] {Threei} wow

[12:28] {Threei} why that high

[12:29] {Les} out +.15

[12:29] {Threei} that's kind of trading that will get you in serious troubles

[12:30] {Les} l .11 with stop under 20. it held

[12:31] {Threei} you want to hear why it's n ot a good trade or you want to explain to me why it's good?

[12:31] {jfjf64} ahhhhhhhhhhhh

[12:31] {jfjf64} want to hear both pls

[12:31] {jfjf64} les 1st

[12:32] {jfjf64} 3i

[12:32] {jfjf64} your up

[12:32] {Threei} I'll pass

[12:32] {jfjf64} lol

[12:32] {jfjf64} ??

[12:33] {dino} ima sm l .25

[12:34] {Les} sorry, back from kitchen

[12:34] {Les} why not?

[12:34] {Threei} almost 40 cents jump from the low in a single breath

[12:35] {Threei} no consolidation,

[12:35] {Threei} no pullback

[12:35] {Threei} just vetical snap

[12:35] {Les} sure. I saw that

[12:35] {Threei} what kind of chart formation, trigger or whatever else is that?

[12:35] {Threei} it's just an impulsive entry

[12:35] {Threei} "aww, it's getting away" kind

[12:36] {Les} none. just like the waterfall event may 6

[12:36] {jfjf64} ??

[12:36] {Les} playing the quarter routine. low of .75

[12:36] {Les} break of .00

[12:36] {Les} out .25

[12:37] {Les} missed .00 so took .11

[12:37] {Threei} OK... I am not sure what you are saying but here is what I have to say:

[12:38] {Threei} keep doing it witrh real money, there won't be much of it left very very soon

[12:38] {Les} ok

[12:39] {jfjf64} all guilty les i know i am

[12:39] {jfjf64} structure structure structure

[12:40] {Threei} yeah, those are three mosty important things {G}

[12:41] {Threei} just FYI guys

[12:41] {Threei} if at some point in future you hear that I am arrested for violence against a real estate agent

[12:42] {Threei} the real reason for that is,

[12:42] {Les} you posted me a letter bomb?

[12:42] {Threei} hearing about "locatioon location location" being thtee most important things I lost it, grabbed him by the throat and shook violently screaming:

[12:42] {Threei} "this is not three things, you rtetard, this is one thing repeated three times"

[12:43] {jfjf64} 4 real

[12:43] {Threei} not yet... but some day...

[12:43] {Les} you are a realist vad...

[12:43] {Threei} this is one of those "what grinds my gear" moments {G}

[12:44] {Les} lvs coming into b/d zone

[12:44] {dino} ahhh yes mr peter griffin

[12:44] {Threei} I just hate it when they repeat it for zillionth time with this extremely wise expression on their face

[12:44] {Les} so what's your excuse? :)

[12:44] {Threei} as if they impart some incredibly deep wisdom

[12:44] {dino} seems to me price is top one

[12:44] {jfjf64} think structure takin place rmbs

[12:46] {Threei} lol

[12:46] {nemo} fas...66

[12:46] {Les} I guess he's selling something, but its something that makes him money

[12:46] {nemo} long

[12:46] {Threei} president on TV sayiong this is toughest sanctions against Iran yet

[12:47] {nemo} what, they calling them names?

[12:47] {dino} and iran saying big deal

[12:47] {Threei} AFTER Iran has already said it shrugs them off

[12:47] {dino} dcth sm l .75

[12:48] {Les} BP

[12:48] {nemo} not feeling the love on fas, Vad

[12:48] {Threei} hard to tell

[12:48] {Threei} a bit random right now

[12:48] {nemo} bp or fas?

[12:49] {jfjf64} short les

[12:49] {Threei} FAS

[12:49] {jfjf64} .90 break

[12:49] {Les} bounce time shorty

[12:49] {nemo} TY

[12:49] {Threei} BP is so dead...

[12:49] {jfjf64} guess not

[12:49] {Threei} 2 and half points drop

[12:49] {shorty} alright....ready

[12:49] {Threei} while market barely retreated from high

[12:49] {nemo} bummmer...fas would be 1:1

[12:50] {nemo} Wine time

[12:50] {nemo} or is that Whine time

[12:50] {Threei} loses all supports, makes new lows every day

[12:50] {Les} sorry not shorty, JF

[12:50] {shorty} :(

[12:50] {Les} screwed my entry .07

[12:51] {jfjf64} great bounce

[12:51] {Les} too far from .01 trigger and stopped .97

[12:52] {Threei} are you using market orders?

[12:52] {Les} no just slow to the chase

[12:53] {Threei} I don't get it

[12:53] {Threei} if you missed the trigger, why do you enter thatmuch higher?

[12:53] {Les} grabbed .07 and went for it. didn't wait for pullback

[12:55] {jfjf64} double bottom

[12:55] {Threei} that would be 32 recross wirth stop under .90

[12:56] {Threei} too fast to alert

[12:58] {Threei} not a long here

[12:58] {Threei} third test is not good

[12:58] {Threei} more often is a trap

[12:59] {jfjf64} im thinkin short

[12:59] {Threei} about here... maybe

[12:59] {jfjf64} just thinkin

[13:00] {Les} vad lvs

[13:00] {jfjf64} .90

[13:00] {Les} a little consolidation for b/d?

[13:00] {Threei} no play Les... noise

[13:00] {Threei} no jf

[13:00] {Threei} either into bounce or let it go,

[13:00] {Threei} it drops so sharply into support, no way to platy breakdown

[13:00] {jfjf64} k

[13:01] {Threei} when I said about here it was .15

[13:01] {Threei} that was roughly an upper envelope

[13:01] {Threei} good sopt fo bounce short

[13:01] {Threei} with covering half into support .90

[13:01] {larisa} what stock? scrolling up 100 lines and still can not find it :)

[13:02] {Threei} BP

[13:02] {larisa} oh ok

[13:02] {shorty} lol...thanks larisa, I was wondering the same.

[13:02] {jfjf64} just mk one up

[13:02] {jfjf64} lol

[13:02] {Threei} lol

[13:02] {larisa} I do jf usually :)

[13:02] {Les} what about structure jf?

[13:03] {Les} which film?

[13:03] {Les} "he's making it up as he goes along!"

[13:03] {jfjf64} thought .90 break was S

[13:03] {jfjf64} LOL

[13:04] {Les} lvs consolidation here vad. not interesting?

[13:05] {Threei} ummm

[13:05] {Threei} yes :)

[13:05] {Les} :P

[13:05] {Les} :/

[13:06] {jfjf64} you drinkig les

[13:06] {Les} ummm

[13:06] {Les} no:)

[13:06] {larisa} drinking and thinking about World piece and setup structure :)

[13:07] {Threei} world piece?

[13:07] {Les} oh you just quieten up missy

[13:07] {nemo} Oh no...one of those goodness and light types

[13:07] {Threei} which piece?

[13:07] {RonS} Obama Calls Gaza Situation ‘Unsustainable,’ Announces Aid Plan

[13:07] {nemo} knew it

[13:07] {Les} no stopping bp

[13:08] {larisa} best piece :)

[13:08] {Les} vad, slw 19 b/d if holding .10?

[13:08] {RonS} ...the guy really is outrageous

[13:08] {nemo} Oh jeeez....that's so tempting

[13:08] {Les} what piece do you want nemo?

[13:09] {Threei} ICXT Wins $11M contract (6.50, -0.04, -0.61%)

[13:09] {shorty} People from Vancouver and area. I have never been to Capilano bridge, how hard is it to fall from there? I mean without trying. http://www.cbc.ca/canada/british-columbia/story/2010/06/08/bc-capilano-bridge-fatal-fall.html

[13:09] {nemo} No Les...I'm steering clear of that cliff

[13:09] {nemo} Vad won't appreciate the editing

[13:09] {Les} :O

[13:10] {Threei} SLW, nah

[13:10] {Threei} I'd say, next to impossible without trying, shorty

[13:10] {Les} ok

[13:10] {shorty} thanks Threei.

[13:10] {Threei} of course you can climb over railing

[13:11] {Threei} or jump

[13:11] {Threei} or be thrown over

[13:11] {Threei} but simply lean over and fall - no way

[13:11] {shorty} Sad story.

[13:11] {Les} had a neighbour do that

[13:12] {Les} my stepfather

[13:12] {Les} aunt

[13:12] {Les} too many people not happy with this life

[13:12] {larisa} you serious les?

[13:12] {shorty} I am always optimistic

[13:13] {Threei} as if there is an array of others to select from

[13:13] {shorty} lol

[13:14] {RonS} see any setup w/ wynn, 3i?

[13:14] {Threei} if I have a choice, I pick a shaman on Big Island of Hawaii 300 years ago

[13:14] {Threei} WYNN is interesting... a bit too thin

[13:14] {Threei} look spread

[13:14] {Threei} volatility can be a killer on it

[13:15] {nemo} SPY has that ramp up the 200 ma look

[13:15] {larisa} wynn, good hotel, staying there next time :)

[13:15] {nemo} longs might be coming back

[13:15] {Threei} but other than that, some consolidation followed by .50 break is tempting

[13:15] {Threei} artifical lake show is a killer in LV Wynn larisa

[13:16] {larisa} I know, I just did not stay in Wynn

[13:16] {jfjf64} spa real nice

[13:16] {RonS} ...especially from a suite on the upper floors

[13:16] {larisa} lol

[13:17] {Threei} think about it... you have all the bananas and coconuts you want, plenty of fish others catch for you, and when some poor bloke violates one of multiple taboos you install, you get to eat him too

[13:17] {Threei} plus natural beauty around

[13:18] {jfjf64} what ya drinkin vad

[13:18] {Threei} [13:14] {Threei} if I have a choice, I pick a shaman on Big Island of Hawaii 300 years ago

[13:18] {RonS} ...was there last week 3i. A lot of slaves busted their rears to put all that lava rock around...

[13:18] {shorty} And then the white man comes Threei.

[13:18] {Threei} yeah

[13:19] {Threei} WYNN works like charm

[13:19] {jfjf64} lol

[13:19] {Threei} that's OK shorty, since my choice is at least 300 years ago, I'd manage to eat some of those too

[13:19] {jfjf64} what was entry

[13:19] {RonS} ...don't believe that liberal tripe shorty. Mankind has always killed each other regardless...

[13:19] {shorty} lol

[13:19] {Threei} 13:15] {Threei} but other than that, some consolidation followed by .50 break is tempting

[13:20] {jfjf64} hmmmm

[13:20] {RonS} did not consolidate enough for me...

[13:20] {Threei} no

[13:20] {Threei} thin , thus volatile

[13:20] {larisa} and break was not tempting enough

[13:21] {Threei} sigh

[13:21] {larisa} lol

[13:21] {jfjf64} structure les

[13:21] {Threei} you all find your own

[13:21] {Les} you drinking JF?

[13:21] {Threei} I found what, about 6 or 7 today?

[13:21] {jfjf64} not yet

[13:21] {Threei} I am off to my hawaii 300 years ago, you trade

[13:22] {shorty} Try surfing Threei, it's fun and you would be in the history books.

[13:22] {nemo} yep...spy's ramped off the 200 a bit

[13:22] {RonS} ...to become a hula dancer...

[13:22] {Threei} and if my minions catch some stock traders, I prmise to eat him last

[13:22] {nemo} oh shit...the visual on that one

[13:22] {larisa} BP

[13:22] {larisa} crazy pace

[13:22] {shorty} lol nemo

[13:23] {nemo} Oh damn...just thought of Vad in ballet class....

[13:23] {RonS} ...now would 3i surfing be a whale on a board?...no offense...

[13:23] {nemo} jf....time to eat the Sig

[13:24] {RonS} :D

[13:24] {shorty} He would be shark bait.

[13:24] {Threei} how the hell did I become the butt of your (questionable) jokes today??

[13:25] {RonS} ...you brought up the time machine thinking...

[13:25] {nemo} Not quite the same thing, Vad's actually a solid fellow, but I've been at the beach watching rather large people swim, and thought, "They make good shark bait, do I really want to be anywhere near them?"

[13:25] {RonS} lol

[13:25] {RonS} Sherman's Lagoon

[13:25] {nemo} It's like watchin walruses roll over on the sandbar

[13:25] {jfjf64} nemo tm to eat the sig

[13:25] {Threei} I lost 12 poinds over last month or so, so you all shut up

[13:25] {RonS} congrats

[13:26] {nemo} As I said, you are a solid fellow

[13:26] {shorty} I surfed 1 mile south of where that man was killed in Del Mar two years ago. I thought to myself " Ignorance is bliss"

[13:26] {jfjf64} good 4 ya vad

[13:26] {nemo} Anyway...stocks! V has to be coming into a bounce

[13:26] {nemo} 200 is at .50

[13:26] {Threei} BP feels like worst is ahead still

[13:26] {jfjf64} stocks

[13:26] {jfjf64} agree

[13:26] {nemo} oh sorry, didn't mean to disturb you're train of thought

[13:27] {jfjf64} structure or

[13:27] {nemo} volume on v last two minutes

[13:27] {nemo} small range

[13:27] {Threei} the deal with BP is, it's getting very hot emotionally

[13:27] {RonS} v...i want a break below .20 and re-cross...(channeling vad)

[13:27] {Threei} which means, normal chart paterns are not reliable

[13:27] {Threei} momo

[13:27] {RonS} nomo

[13:27] {jfjf64} see that

[13:27] {nemo} what JF

[13:28] {jfjf64} talkin 3i

[13:28] {Threei} .20 on V?

[13:28] {jfjf64} bp

[13:28] {Threei} 50 cents from here

[13:28] {Threei} see BP?

[13:28] {Threei} no triggers

[13:28] {jfjf64} sig on yas house

[13:28] {Threei} must be traded as momo

[13:29] {nemo} V dropping...I think .50 bounce area

[13:29] {Threei} all I can do on this kind is to give my read on general direction

[13:29] {nemo} of course SPY just breached 200

[13:29] {Threei} either you get a feel for them, or stay away

[13:29] {jfjf64} 1.00 from my structure trade les

[13:29] {Threei} this is magoo's specialty

[13:29] {jfjf64} 1.10

[13:30] {nemo} ah damn, mighta' bounced at .60

[13:30] {jfjf64} 1.20

[13:30] {jfjf64} 1.30

[13:30] {Les} any new news bp?

[13:30] {Threei} nope

[13:30] {nemo} Yeah, they're screwed

[13:30] {Threei} yes but he asked for "new"

[13:30] {jfjf64} emotions takin overrrrrrrrrr

[13:30] {jfjf64} agreee

[13:31] {jfjf64} 10.00 stock

[13:31] {nemo} damn, .60 was it

[13:31] {Threei} for a second

[13:31] {nemo} ?

[13:31] {magoo} i was gonna say @.90 yhat 30 coming BP

[13:31] {magoo} faast fall

[13:32] {jfjf64} mags where ya been hiding

[13:32] {nemo} under a rock

[13:32] {Les} avoiding us

[13:33] {Threei} can you blame him?

[13:33] {nemo} amazing, with this drop you can still find shares to short

[13:33] {jfjf64} notice that

[13:33] {Threei} after today I am about to styart avoiding you'll as well

[13:33] {nemo} True...why would he want to be in a room that would have him as a member?

[13:34] {Threei} with rare exceptions

[13:34] {nemo} ?

[13:34] {magoo} if IF mkts sell off BP gonna see .27 area today

[13:34] {magoo} 27

[13:34] {Threei} here comes serious optimism:

[13:34] {Threei} EU) IMF's Strauss Kahn: European crisis is not the only downside risk to global growth; affirms 2010 global growth outlook at 4.2%

[13:34] {nemo} market is selling, and V holding

[13:35] {Threei} BP bounce time if breaks .50

[13:35] {Threei} crrrrap

[13:35] {Threei} too fast again

[13:35] {nemo} yep

[13:35] {nemo} too late more like it

[13:35] {Threei} don't chase

06[13:35] * nemo slaps nemo around a bit with a large trout

[13:35] {RonS} bp...some joker is getting repeated on cnbc that says they will be gone by the end of summer...http://money.cnn.com/2010/06/09/news/companies/simmons_gulf_oil_spill.fortune/index.htm...

[13:35] {nemo} oh...simmons...the Peak Oil guy

[13:36] {Threei} if got BP on slight pullback to .55, feel free to exit

[13:38] {nemo} offfer rim .60!!!

[13:38] {Threei} oh god

[13:38] {Threei} Simmons also thinks that perhaps the only way to seal the gush of oil is by doing what the Soviet Union did decades ago -- setting off a bomb deep underground so that the fiery blast will melt the surrounding rock and shut off the spill.

[13:38] {nemo} now .59

[13:39] {nemo} RIMMM

[13:39] {nemo} it's gone

[13:39] {nemo} nevermind

[13:39] {Threei} I want Simmons to say what are we to do if that bomb fractures wrong rock structure and whole oil reserouir starts gushing out

[13:40] {nemo} probably talking nuclear

[13:40] {Les} lawsuits for the next 100 years

[13:40] {larisa} and move to Russia ?

[13:40] {nemo} pre-cooked seafood

[13:40] {magoo} mkts looking very bad here

[13:40] {magoo} spy rot

[13:40] {magoo} aapl rot

[13:40] {magoo} fcx rot

[13:41] {jfjf64} market we talkin bombs

[13:41] {nemo} V strong

[13:41] {Les} lvs .50 b/d if holding .60?

[13:42] {Threei} I'd rathe tryon it on the other side, as in:

[13:42] {nemo} long .61

[13:42] {Threei} going over .60, stalling,

[13:42] {nemo} missed

[13:42] {Threei} and short on .60 new breakdown

[13:42] {Les} ok

[13:42] {Threei} yup, like this

[13:42] {jfjf64} in .59

[13:43] {Threei} stop for hardcore scalpers is .65, for normal people abpve .70

[13:43] {Threei} and for those who want big drop, .80

[13:43] {Threei} in any case, it's much better way to enter short than wait for .50 break

[13:43] {Les} yeh lvs took me for a ride this morning. payback time

[13:44] {Threei} if market established downtrend here, then this little bounce is perfect for entry

[13:44] {Threei} and if it changes, can keep much better stop

[13:46] {Threei} market doesn't die that easy

[13:46] {Threei} BP new low

[13:46] {Threei} told ya... worst was ahead still

[13:47] {shorty} crap! I covered .40

[13:47] {jfjf64} lvs

[13:47] {jfjf64} lets go

[13:48] {Threei} ugh... why did I even read that article

[13:48] {Threei} guy seriously irritates me :)

[13:49] {Threei} although to be fair, all guilt-laden "peak this peak that" folks do

[13:50] {nemo} so much for letting V come to me

[13:50] {RonS} beige book in 10

[13:52] {jfjf64} grrrr

[13:53] {jfjf64} call it day takin profit and runninnnnnnnnnnnnnn

[13:53] {Les} gj cheers JF

[13:53] {jfjf64} see ya

[13:53] {Threei} take care jf

[13:53] {jfjf64} S T R U C T U R E

[13:53] {Les} piss off and have a beer will ya

[13:54] {jfjf64} will do

[13:54] {jfjf64} will be lookin at blog later enjoy ya charts 3i

[13:55] {Threei} so,

[13:55] {Threei} want me to do two today?

[13:55] {jfjf64} lol

[13:55] {Threei} in your honor

[13:55] {jfjf64} may be les trade rmbs

[13:55] {Threei} PO) Portugal final vote approves austerity measures

[13:55] {Threei} ***Insight: Today's vote is a "line by line" review of items targeted to save 2B in order to achieve 2010 deficit to GDP ratio of 7.3%. This compares to the 2009 ratio of 9.4%.

[13:55] {Threei} - Portugal target a deficit to GDP ratio of 4.6% by 2011

[13:55] {jfjf64} ahhhhhhhh

[13:56] {Threei} no way

[13:57] {Threei} what a red candle on daily, RMBS

[13:57] {Threei} it beter get positive ruling or your neigbhor may get seriously hurt, Les

[14:00] {Les} wow

[14:00] {Threei} *(US) FED'S BEIGE BOOK: ECONOMY IMPROVED IN ALL 12 OF 12 DISTRICTS;

[14:06] {Threei} Home sales were lifted by tax credit in many districts; consumer spending has been concentrated on necessities; manufacturing improved gradually in districts

[14:06] {Threei} - Consumer spending improved from the previous report. Spending continued to be concentrated in necessities as opposed to discretionary big-ticket items. Retail sales increased in April and May, although several Districts noted that the gains were uneven across months

[14:06] {Threei} - Business spending increased moderately from the previous report. Cleveland, Chicago and Dallas noted that growth in manufacturers' inventories was leveling off, while Boston, Atlanta, and St. Louis reported the same for retailers' inventories

[14:07] {Threei} - Manufacturing and transportation activity continued to gradually improve across all twelve Districts. Most Districts reported further increases in factory production, shipments, and new orders, although Philadelphia and Chicago noted that the pace of gains had slowed in May.

[14:07] {Threei} - Residential real estate activity improved since the last report

[14:08] {Les} yeh I wonder if this is my friends "waterloo", where he learns defeat of buy and hold strategy?

[14:08] {Les} he feels judicial process offers so much to rmbs, but as we see, the game keeps playing without end

[14:10] {Threei} is he just an outside observer or he has some idea of what really is going on?

[14:10] {Threei} wow

[14:10] {Threei} EU) Germany Chancellor Merkel: Euro area rescue package simply 'bought time'

[14:11] {Threei} someone got brains AND balls

[14:11] {Threei} good on you Angela

[14:12] {KSystems} thats my girl

[14:13] {Les} that's disgusting K

[14:13] {Threei} lord, give me power to refrain from comments

[14:13] {Les} thats my grandma

[14:13] {nemo} deine Liebling?

[14:13] {KSystems} hey i voted for her

[14:13] {KSystems} thats all

[14:13] {Threei} whew... ok then

[14:13] {Les} riiiiiiiiiiiight

[14:13] {Les} yeh my friend is following all court proceedings etc. this is why he has conviction to hold

[14:14] {KSystems} its hard enough when theres only ONE attractive female politician in the whole country

[14:14] {KSystems} and thats not angela

[14:14] {Threei} following as in reading materials available for everyone?

[14:14] {nemo} V just puked for a second

[14:14] {Les} l rmbs .60 small

[14:17] {Threei} EU) Germany Chancellor Merkel: - Believe now is the right time to begin exit strategies.

[14:17] {Threei} already?? lol

[14:18] {Threei} New tool may help determine acid reflux disease

[14:18] {Threei} shrug

[14:19] {Threei} I have just the answer

[14:19] {Threei} everu time Greenspan is on TV, country has acid reflux disease

[14:20] {Threei} Crime of the century:

[14:20] {Threei} http://realitytrader.com/vad/Crime%20of%20the%20Century.jpg

[14:20] {nemo} Supertramp

[14:21] {Les} out rmbs +.11.

[14:27] {Threei} Short Setup: AIG .75 break

[14:27] {nemo} did the .86 invalidate it

[14:27] {nemo} ?

[14:28] {Threei} rather top of the bounce defined stop,

[14:28] {Threei} .90 so far,

[14:28] {Threei} and if consoldiates for a while, .80 may become new trigger

[14:33] {Threei} Short Setup: AIG .80 break

[14:33] {Threei} if stays under .90

[14:35] {Threei} BP new bout of bellyache

[14:42] {RonS} 3i, see anything w/ ffiv?

[14:43] {Threei} short...

[14:43] {Threei} smaaaallll

[14:43] {Threei} 68 break

[14:43] {nemo} yeah, helluva stop

[14:46] {Les} ffiv bouncing off the 200

[14:46] {nemo} yep

[14:47] {RonS} ffiv sm s .05

[14:48] {Threei} AIG baby

[14:48] {Les} ffiv out +.24

[14:48] {Threei} coverr half or scalp, don't know

[14:48] {shorty} :( was not shortable.

[14:48] {Threei} FFIV is a beauty

[14:48] {dino} .

[14:48] {Les} covered for scalp .70/.65 thank you

[14:48] {Les} now for lvs

[14:51] {Threei} 400M aid for Gaza

[14:51] {Les} from who?

[14:51] {Threei} guess

[14:51] {Threei} Uncle Sam has some excess money

[14:51] {nemo} Obama

[14:52] {nemo} fcx .60 b/d?

[14:52] {Threei} maybe... half lot

[14:52] {nemo} mmmhhh, tht's the gap from yesterday

[14:54] {Les} lvs come on doooooooown

[14:55] {RonS} cov ffiv .52 +.53 thxs

[14:55] {Threei} :)

[14:56] {Threei} 1:3 AIG

[14:58] {Les} cover lvs .26

[14:58] {Les} +.hmmmmmm

[14:58] {Les} 34 i think

[14:59] {Threei} all shiorts work like charm

[14:59] {Les} incredible that I managed to ruin myself this morning thinking LVS is going down

[14:59] {Les} and as you said

[14:59] {Les} shorts now work like a charm

[15:00] {Threei} look at ghe room slogan

[15:02] {Les} yeh just got on the wrong side of the market

[15:03] {Les} bounce lvs good for another short?

[15:04] {Threei} over .40

[15:04] {Threei} here, don't know

[15:08] {nemo} Vad in a tutu

[15:10] {Les} stop that I've eaten

[15:10] {Les} :D

[15:10] {Threei} huh?

[15:10] {nemo} start drinking heavily then

[15:10] {Les} I'm ther

[15:10] {Les} there

[15:11] {nemo} you're slurring your typing

[15:11] {Les} missus is away

[15:11] {Les} normally we share bottle

[15:11] {shorty} http://www.youtube.com/watch?v=RY8YeLErbEg

[15:11] {Les} today I have it all to myself

[15:11] {Threei} BP total nervous breakdown

[15:12] {nemo} that's funny

[15:12] {Les} rofl shorty

[15:12] {RonS} funny shorty

[15:12] {shorty} I like it.

[15:12] {nemo} beer goggles

[15:13] {nemo} there a bottom under BP?

[15:13] {RonS} 0

[15:13] {nemo} Wow...we be negative

[15:13] {shorty} This one is for the ladies. http://www.youtube.com/watch?v=rXLHWmjA5IE

[15:15] {nemo} oh jeez

[15:16] {dino} 20 imo

[15:17] {shorty} dino, are looking at BP?

[15:20] {dino} not really

[15:20] {dino} but gut says 20 by end of month

[15:20] {shorty} need a momo expert

[15:21] {nemo} so...do we retrace all the way to yesterday

[15:21] {nemo} lows

[15:22] {dino} 9757, 1770, 1042

[15:23] {Threei} aig

[15:23] {Threei} why, oh why didn't we just forget about a few shares

[15:23] {Les} where did we short it?

[15:23] {Threei} lol

[15:23] {Les} ouch .79

[15:24] {Threei} Indices give back today's gains as BP speculation weighs on stocks

[15:24] {Threei} - BP is down another 15% below $30 as chatter circulates that BP could be forced into a pre-packaged bankruptcy

[15:26] {dino} sm l ma .97

[15:34] {dino} no good stopped

[15:34] {nemo} yeah, longs a scalp today

[15:37] {dino} not a good close

[15:38] {nemo} [15:20] {nemo} so...do we retrace all the way to yesterday

[15:38] {nemo} if not, we'll test them tomorrow

[15:40] {Threei} GOOG Google asking US and EU govts to put pressure on China on its behalf - WSJ citing sources

[15:41] {nemo} to do what

[15:41] {nemo} ?

[15:41] {Threei} stop sensoraship

[15:41] {nemo} ?

[15:41] {shorty} It's been a slice all. See you tomorrow.

[15:41] {Threei} you don't lmnow anything about GOOG-China feud?

[15:41] {nemo} sure

[15:42] {Les} ciao shorty

[15:42] {Threei} take care shorty

[15:42] {nemo} but as if China could give a rats petard

[15:42] {nemo} rat's

[15:42] {shorty} :)

[15:42] {Threei} so what is it you are asking of us?

[15:42] {Threei} it's between Google, EU, US and China

[15:42] {Threei} we are like Argentina and Mongolia from the joke

[15:43] {nemo} don't get the analogy

[15:43] {Threei} get him a drink someone

[15:43] {nemo} I've had two

[15:43] {Les} what a joke. google took BP's money to buy up search result for "oil spill".

[15:44] {Threei} why not?

[15:44] {Threei} you can buy any search words

[15:44] {Les} google wants china's money, not its bureaucracy

[15:44] {Threei} why should Google refuse BP?

[15:44] {Threei} go ahead and outbid them

[15:44] {Les} no reason, but why should google bitch about china

[15:45] {Les} their country. they do as they want

[15:47] {Threei} that's a novelty concept in the wrld where everyone thinks they can tell others how to run things

[15:49] {larisa} thats for sure, too bad that all the people who really know how to run things are busy driving taxi cabs and cutting hair and daytrading :)

[15:49] {RonS} vad killing aapl -6+

[15:50] {Les} keeping out of politicians way

[15:50] {Threei} I think she just called us armchair critics

[15:50] {Threei} I am sorry Ron... really

[15:51] {Les} I'm a noisy critical bastard on the booze and proud of it

[15:51] {Les} There larisa, that's your average australian male slob

[15:51] {Threei} I am just the opposite

[15:51] {larisa} again, do you look like Jackman?

[15:51] {Threei} I am noisy, critical and irritable when sober

[15:51] {RonS} no slobbering

[15:52] {Threei} on the booze, I am relaxed and happy

[15:52] {Les} http://caracommunity.com/users/les

[15:52] {larisa} nothing like Jackman :)

[15:52] {nemo} Oh crissakes

[15:52] {RonS} lol

[15:52] {nemo} wtf

[15:52] {Les} :(

[15:53] {nemo} bend over and walk backwards, will ya'

[15:53] {RonS} but he can lick his eyebrows

[15:53] {nemo} Not important to me

[15:53] {Les} careful that's almost ten years ago

[15:53] {larisa} you look like russian les

[15:53] {Les} i refuse to age

[15:54] {RonS} rotfl

[15:54] {Les} now that's just rude

[15:54] {nemo} He looks like an ex-con

[15:54] {nemo} Oh yeah, he's from Australia

[15:54] {RonS} guy i knew had a cut like that...his nickname became "deathrow"

[15:55] {dino} common cut in usa

[15:55] {nemo} yeah, for skinheads

[15:55] {dino} no, not at all

[15:55] {dino} crew cuts and shaved heads everywhere

[15:55] {RonS} bp slipping...

[15:55] {nemo} I'm running with it Dino

[15:56] {dino} crew cut on me

[15:56] {nemo} dare you to go short Ron

[15:56] {RonS} no way

[15:56] {nemo} wussy

[15:56] {larisa} my hubby wants to shave his head, i do not let him :)

[15:56] {RonS} i least i trade $$

[15:56] {nemo} Yeah, I did that once, the ex was throwing expletives around for a week

[15:57] {RonS} lol...that's why she's ex

[15:57] {nemo} no...

[15:57] {nemo} I gave her much better reasons

[15:57] {larisa} lol

[15:58] {Threei} much more satisfied with today's trading the the beginning of the week

[16:00] {Les} alright. I need my beauty sleep

[16:00] {Les} night all

[16:00] {dino} lol, monday was my best tues below ave, today red

[16:01] {Threei} in countercycle again :)

[16:01] {Threei} thank you all

[16:01] {dino} gotta hop, tee time in 45

[16:01] {Threei} have a good evening, see you tomorrow

[16:01] {nemo} wiedersehen

[16:01] {larisa} bye all