Thursday, April 14, 2011

Apr 14 2011

Very boring day, positive but sprinkled with a lot of opportunities that never materialized, via invalidation or rinse. Particularly, intended shorts on RIMM and X that worked later on as charm for what was planned as "milk trade."

Session Time: Thu Apr 14 00:00:00 2011
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 412K V 380KE; CONTINUING CLAIMS:3.68M V 3.705ME
[08:31] {Threei}  (US) MAR PRODUCER PRICE INDEX M/M: 0.7% V 1.0%E; PPI EX FOOD & ENERGY M/M: 0.3% V 0.2%E- PPI Y/Y: 5.8% v 6.1%e - PPI Ex Food & Energy Y/Y: 1.9% v 1.9%e
[08:48] {RonS} gm...ha! snow here...
[08:49] {Threei}  wow
[08:59] {rambler} morning...
[09:00] {Threei}  rambler :)
[09:02] {dino} gm all
[09:03] {gen} gm all
[09:03] {Threei}  dino, gen :)
[09:03] {gen} :)
[09:08] {dino} credit suisse, raises adtn target to 39, real value added as its at 41
[09:09] {Threei}  lol
[09:16] {ese} morning
[09:17] {Threei}  ese :)
[09:18] {larisa} gm :)
[09:18] {Threei}  larisa :)
[09:18] {larisa} vad :)
[09:21] {Threei}  clashes between anti- and pro-Gadhafi protesters, where do you think?
[09:21] {Threei}  in Egypt - as if they have no problems on their own
[09:22] {Threei}  X... hangs just over significant support area with ominous look
[09:25] {Threei}  .15 is support to break to trigger short, and then 50 is last line in the sand... afetr that it's down with no support in sight anywhere
[09:25] {Threei}  hopefully forms clean resistance for decent stop placement
[09:28] {Threei}  RIMM, 54 is yesterday's low
[09:28] {nemo} support 49.05
[09:28] {nemo} we'll probably hit intermediate pivot levels
[09:29] {Threei}  nothing clear on SLW so far
[09:29] {patience} good morning, could you just off opening the market until i have a coffee
[09:29] {Threei}  yes but only within next minute
[09:30] {Threei} Short Setup: RIMM  54 break half lot
[09:30] {Threei}  stop above .15
[09:31] {Threei}  1:1
[09:31] {Threei} Short Setup: X  .20 break
[09:32] {Threei}  invalidated
[09:32] {nemo} nope
[09:32] {larisa} you were lucky by 1 cent on X :)
[09:34] {Threei}  out RIMM in full
[09:34] {Threei}  .77
[09:34] {rambler} disnat wouldn't take my RIMM short....
[09:34] {jfjf64} mornin
[09:34] {Threei}  jf :)
[09:35] {Threei}  1:2
[09:35] {gen} out RIMM .79 thanks
[09:35] {Threei}  OK, X makes me eager to try ,y luck once again :)
[09:35] {Threei} Short Setup: X  .75 break
[09:35] {Threei}  half lot
[09:35] {Threei}  if stays under .85
[09:36] {Threei}  invalidated but getting closer to reversal
[09:37] {Threei}  grrr, .80 was it
[09:40] {jfjf64} hog  bounce
[09:41] {Threei} Short Setup: SLW  .60 break
[09:41] {Threei}  stop above .70
[09:42] {Threei}  no go
[09:42] {RonS} fcx strength
[09:42] {dino}  fwiw gaps, 12,086 dji, 1279 s/p, 2270 ndx
[09:42] {Threei} Short Setup: CAT  .55 break
[09:42] {Threei}  half lot
[09:43] {Threei}  1:1
[09:43] {ese} in and out STX .94 .06 +.12
[09:43] {Threei}  1:2
[09:43] {Threei}  out
[09:44] {jfjf64} hog .15 long  hold 41
[09:44] {Threei}  1:3 CAT for more patient types
[09:45] {dino} gj
[09:45] {Threei}  ty
[09:45] {Threei}  SLW...
[09:45] {Threei}  you must be topping out...
[09:46] {Threei}  not clear yet
[09:47] {jfjf64} hog .01
[09:48] {rambler} LULU  down a buck
[09:49] {Threei}  rimm
[09:49] {Threei}  holding surprizingly well here
[09:49] {jfjf64} grr  hog
[09:49] {jfjf64} rat
[09:49] {nemo} don't look at cat
[09:49] {Threei}  well, this mareket sharp drop came out of nowhere
[09:50] {jfjf64} wow
[09:50] {Threei}  so, looking what handles it well
[09:50] {Threei}  and RIMM seems to be it
[09:50] {Threei} Long Setup:  RIMM  .60 brteak
[09:50] {dino} svu
[09:50] {Threei}  half lot still
[09:51] {dino} fcx, msb, ferts all fine
[09:51] {Threei}  don't see any news for this market spike down
[09:52] {Threei}  (GR) German Official: Recent interview with the German Fin Min should not be interpreted as a change in the position regarding Greece*
[09:52] {Threei}  **Note that last night during an interview with Die Welt, German Finance Minister Schaeuble held out the possibility that a June audit might show that Greece will not be able to overcome its debt load without relief. Schaeuble said "other steps" might need to be taken.
[09:52] {Threei}  other steps?
[09:53] {Threei}  ig I were Greece, I'd say OK folks, I am out of all this crap
[09:53] {dino} default is only way out for them
[09:53] {Threei}  RIMM 1:1
[09:53] {dino} sm l svu .05
[09:54] {patience} bought hnd.to (natural gas etf bear) for a swing trade
[09:54] {RonS} got rimm .60 to .78  thanks 3i
[09:54] {Threei}  :)
[09:55] {Threei}  1:2
[09:55] {rambler} out tks Vad....
[09:55] {Threei}  yw
[09:56] {Threei}  frikin SLW
[09:56] {Threei}  general idea was there but nnever formed precise setup
[09:57] {nemo} mcp looks weak
[09:57] {nemo} cree looks long
[09:58] {jfjf64} watchin nemo
[09:59] {Threei}  really CREE?...
[09:59] {Threei}  I rather view it as short .20 break
[09:59] {dino} lps sm l .99
[09:59] {nemo} well wrong on MCP
[09:59] {Threei}  or even .30 if consolidates here for a min more
[10:00] {jfjf64} what ya thinkin nemo
[10:00] {jfjf64} lol
[10:00] {nemo} not now
[10:01] {jfjf64} 3i killed  our thoughts
[10:01] {Threei}  sorry
[10:01] {jfjf64} lol
[10:01] {Threei}  I am known for thoughts-killing
[10:01] {Threei}  mostly with hard liqour
[10:01] {Threei}  few brain cells survive massive scotch attack
[10:02] {nemo} I should kill myself...was thinking YOKU back on 59 break, but the spread was a bitch
[10:02] {RonS} hearing x takeover chatter...which apparently happens monthly
[10:02] {nemo} well cree hasn't quite made a liar out of me yet
[10:03] {jfjf64} gld  d/top
[10:03] {jfjf64} ?
[10:03] {RonS} quote from john lennon nemo?
[10:04] {Threei}  no jf
[10:04] {RonS} look x
[10:04] {nemo} what about John
[10:04] {nemo} ?
[10:04] {RonS} yoku spread...
[10:04] {nemo} nice
[10:05] {nemo} did he say she was a bitch?
[10:05] {Threei}  Ron, that's nothing - leader of Liberal party in Canada actually quoted Mao during TV debate
[10:05] {RonS} x squeeze on
[10:06] {dino} ipi sm l .30\
[10:07] {nemo} watch DT X
[10:07] {RonS} interesting hgsi reversing resistance break at $30
[10:07] {Threei}  SLW, something is very off with it today, can't get a grip on it
[10:09] {dino} it's going up
[10:09] {Threei}  you don't say
[10:09] {nemo} yeah, you're so used to shorting it
[10:10] {dino} don't overthink
[10:10] {dino} tdsc sm l .20
[10:14] {Threei}  dino... me? it took me THIS long to decode your two-words-long sentence...
[10:14] {Threei}  and heavy usage of dictionary
[10:15] {dino} lol, but metals are up, simple as that
[10:16] {dino} stop tdsc -.36
[10:19] {dino} ferts going green, ipi, mos, mon
[10:19] {Threei}  .short rimm .55 break
[10:19] {Threei} Short Setup: RIMM  .55 break
[10:19] {RonS} tgt ipi?  thinkin .78
[10:20] {dino} at least imo
[10:20] {Threei}  if stays under .65 obviously
[10:21] {Threei}  not a scalp this one
[10:21] {Threei}  will try to milk trade
[10:22] {Threei}  (SP) Spain govt spokesman: Earlier reports that China's CIC was willing to invest over 9B in Spanish financial sector were mistaken; no firm figure has been agreed to - update
[10:22] {Threei}  ***On April 13th, Spanish press reports suggested that the Chinese were willing to invest up to over 9B in Spain, also in the financial sector. On April 12th, Spain PM Zapatero reiterated that China will continue to buy Spanish debt. Prior reports suggested that China holds about 25B in Spanish sovereign debt.
[10:25] {rambler} Vad, turn on gravity machine.....
[10:26] {Threei}  gravity?... sorry, I don't believe in gravity
[10:26] {Threei}  don't sell me that "Earth is round" crap...
[10:26] {rambler} you are a true contrarian...
[10:27] {Threei}  everyone knows Earth lays on back of three elephants who stand on the turtle who is supported by whales...
[10:27] {Threei}  no go RIMM
[10:28] {Threei}  market is bipolar today
[10:28] {Threei}  sharp drop, sharp spike, all without any news
[10:30] {davd} cath zeta jones is bi-polar - not a laughing matter;)
[10:32] {dino} turtle of amazing girth upon his back he carries the earth, just ask the breakers in king
[10:32] {dino} 07 all green
[10:32] {dino} tdsc my first rinse today
[10:32] {dino} gut says open gap fill and back down
[10:32] {dino} mad cow here, denny crane
[10:33] {dino} ipi hod
[10:33] {ese} L GME .03
[10:35] {ese} out GME .19 +.16
[10:35] {ese} that was a nice 2k hit
[10:35] {dino} sweet
[10:35] {ese} tks
[10:35] {Threei}  RIMM rinse... grrr
[10:36] {nemo} oy vay yoku
[10:37] {ese} ya have missed out on that one at least twice
[10:37] {Threei}  crap... now it drops
[10:38] {ese} JBHT is another one nemo
[10:43] {dino} gmcr drop
[10:46] {ese} L shaw .02
[10:46] {dino} tdsc sm l .98
[10:55] {ese} out SHAW .02 +.00
[10:58] {ese} L CHRW .50
[10:59] {Threei} Short Setup: X  .75 break
[10:59] {jfjf64} rimm watch  also
[10:59] {jfjf64} ?
[11:00] {Threei}  tough read RIMM
[11:00] {Threei}  X invalidated but not off radar
[11:01] {Threei}  if returns in the range and consolidates again, will be interested
[11:07] {dino} out svu .35, +.30
[11:10] {ese} hmmmmmmm....thought tha chrw might have had enough to get to 76.00 but i don't know....
[11:10] {Threei}  Just 9% Say A Balanced Budget Is Very Likely In Their Lifetimes
[11:11] {jfjf64} x
[11:13] {jfjf64} ? aggresive here
[11:13] {Threei}  my emotional inclination is yes
[11:14] {Threei}  life goes out of RIMM
[11:26] {ese} chrw stopped .21 -.29
[11:31] {Threei}  look at RIMM
[11:31] {Threei}  doing what was planned for it
[11:31] {Threei}  sometimes it's so tempting to abandon discipline
[11:34] {dino} mos sm l .75
[11:34] {dino} stop is .59
[11:36] {Threei}  nothing like being rinsed out of milk trade, eh
[11:37] {dino} mos stopped
[11:44] {nemo} SLW db
[11:52] {Threei}  (US) House Speaker Boehner (R-OH): Legislation to increase the debt limit that does not include further spending reforms will not pass the House of Reps- The FY11 spending cut deal will likely pass the House today with bipartisan support.
[11:52] {nemo} OP EX week?
[11:52] {dino} yes
[11:53] {Threei}  yeah
[11:53] {nemo} that might explain this week
[11:54] {nemo} MCP here Dino?
[11:55] {dino} dk, i don't get mcp
[11:55] {nemo} APC interesting
[11:57] {patience} .
[12:01] {dino} hrbn spike
[12:02] {dino} mos sm l .50 break
[12:05] {dino} rally
[12:08] {nemo} mos was gonna say a short
[12:09] {dino} you were right
[12:09] {nemo} think just this scalp though
[12:09] {nemo} although, S2 support at 75.05
[12:15] {RonS} lps dino
[12:15] {dino} watching it
[12:19] {dino} confusing day. markets coming back but things i watch keep dropping
[12:22] {dino} lps sm l .25
[12:27] {patience} looking at TM (toyota)  and HMC (Honda) and othe japanese plays for longer term account
[12:34] {dino} lps stopped
[12:36] {Threei}  (GE) Germany Dep Fin Min Asmussen: G20 Making progress on currency system reform; have reached consensus but need to move carefully
[12:36] {Threei}  - Adding CNY to the IMF currency basket will come with a pricetag.
[12:36] {Threei}  - It will take some time to get certain currencies on the right path for joining the IMF SDR basket.
[12:41] {Threei}  watching RIMM pullback to 53 support
[12:41] {Threei}  for long entry
[12:47] {Threei} Short Setup: USO  .15
[12:47] {Threei}  (SP) Bank of Spain: Approves recapitalization plans for 13 caja savings banks; nine banks may need state funds- Approves 2.8B plan for Cam
[12:50] {Threei} Long Setup:  RIMM  53 cross
[12:53] {Threei}  invalidated
[12:55] {Threei}  I have a title for this day
[12:56] {Threei}  Cemetery of Non-Materialized Opportunities
[12:56] {patience} excellent title
06[12:57] * Threei is eyeing next Pullitzer
[12:57] {rambler} 'sit on your hands' day...
[12:57] {nemo} might want to learn how to spell it
[12:57] {Threei}  what for?
[12:57] {Threei}  is there any money in spelling?
[12:58] {rambler} apparently not in the public school system...
[12:59] {Threei}  also, reading unusually large number of public posts during election, it strikes me that among all the populace not knowing difference between "Their", "They're" and "There", I am a star as it is
[12:59] {Threei}  especially considering that English is not my native
[13:05] {rambler} Vad, have you seen the "Don't be a stooge" video on youtube...?
[13:05] {Threei}  yeah
[13:06] {dino} dji green
[13:06] {rambler} gotta love it....
[13:06] {Threei}  my favorite moment from election hoopla is still quote from mao by Iggy
[13:07] {Threei}  irony of highest caliber, to insert a quote from Mao into remark attacking PM on democracy
[13:08] {rambler} hard to believe....
[13:08] {Threei}  USO is still valid
[13:08] {Threei}  well, what do tyou expcet from ivory tower scholar
[13:09] {Threei}  disconnected from life completely
[13:09] {Threei}  in his mind, a winner is determined by who landed better bodyblow on the debate
[13:10] {Threei}  and prase "let the flowers bloom" really earns him votes
[13:11] {nemo} paas
[13:11] {Threei}  reversal time you think?
[13:12] {nemo} what's silver doing
[13:12] {nemo} I think north for PAAS
[13:12] {Threei}  dunno if there is such direct connection... look at SLW
[13:12] {Threei}  and SLV
[13:12] {Threei}  PAAS had news
[13:13] {nemo} as I said
[13:13] {Threei}  12:17:04Pan American Silver Corp. (USA Bolivia Mining Minister: Bolivia govt considering withdrawing mining concessions for PAAS and Glencore - financial press
[13:13] {Threei}  - Bolivia President Morales plans to announce a decree May 1 to "dismantle the privatization model." Bolivia state mining company Corp. Minera de Bolivia, known as Comibol, may rescind contracts with companies including Glencore International, Pan American Silver, and Coeur d'Alene Mines.
[13:14] {dino} as in nationalize
[13:14] {Threei}  yup
[13:14] {dino} idiots
[13:16] {nemo} it held 39
[13:17] {dino} acor spike
[13:19] {dino} news acor?
[13:21] {Threei}  not thay i see
[13:25] {patience} uso play worked
[13:29] {Threei}  1:1
[13:29] {Threei}  not hanging for more, just a scalp
[13:30] {dino} sm s acor .12
[13:34] {dino} stopped
[13:35] {Threei}  (US) Fed's Plosser: Fed needs to shore up inflation fighting credibility; No "imminent danger" of overall inflation; Policy tightening coming in the near future
[13:35] {Threei}  - Sees "ample" signs of sustainable recovery in US.
[13:35] {Threei}  - Does not explect high employment to reduce inflation pressure.
[13:35] {Threei}  - Need to prevent higher oil and commodity prices from accelerating inflation.
[13:35] {Threei}  - This is the right time to adopt specific inflation targets.
[13:35] {rambler} dino, you.re having the day I had yesterday...
[13:36] {nemo} he's having the day he had the day before yesterday
[13:37] {dino} i suck today, simple as that
[13:38] {dino} lps rinsed
[13:38] {dino} acor too i bet
[13:40] {patience} down $11 today....oh well
[13:40] {dino} gj
[13:41] {Threei}  Pan American Silver Corp. (USA Spokesperson: PAAS has not been contacted by Bolivia govt, trying to get confirmation of reports; have legal JV agreement with Bolivia's Comibol
[13:41] {Threei}  - Company learned about the expropriation story from public news reports.
[13:41] {Threei}  - There are no clauses in our contract with Bolivia state mining company Corp. Minera de Bolivia (Comibol) that would permit expropriation or nationalization of PAAS's mining assets.
[13:42] {dino} acor sm s .50
[13:46] {dino} acor stopped
[13:46] {dino} calling it a day
[13:46] {dino} something wrong w/me
[13:47] {rambler} cya dino...
[13:51] {Threei}  take care dino, you know it'll reverse itself tomorrow
[13:51] {ese} it's choir...cya tomorrow....gonna be singin my little heart out
[13:51] {Threei}  tace care ese
[13:51] {ese} cya vad
[13:51] {Threei}  (US) Fed's Plosser: A Gold standard would not serve to cure all price stability issues - Q&A
[13:51] {Threei}  - Zero inflation target would not be necessarily "bad".
[13:51] {Threei}  - Inflation measures inherently biased upward.
[13:51] {rambler} cya ese
[13:52] {Threei}  on this I an agree with Fed
[13:52] {Threei}  can't see gold standard as salvation
[13:53] {nemo} just a thought, 82.02 is weekly pivot for IWM, vwap is 81.98  spy vwap is .96 but it's bouncing off 61.8 retracement at .12, if it drops below that, look for it to bounce above vwap...should bring iwm with it, and if you like excitement, TNA
[13:54] {gen} getting tired looking at nothing moving
[13:55] {gen} call it a day
[13:55] {gen} bye all
[13:55] {Threei}  take care gen
[13:55] {gen} :)
[14:11] {Threei}  NFLX Canadian regulators may seek to regulate the company similiarly to regular TV broadcasters
[14:15] {nemo} geez yoku
[14:19] {Threei}  (LB) US and other participating nations exploring methods to fund rebel forces in Libya, may utilize frozen Libya assets towards such a movement
[14:30] {rambler} LVS ready for short...?
[14:31] {nemo} good spot for it, but not sure yet
[14:31] {Threei}  no clear setup
[14:31] {nemo} you are getting successively higher lows on the indexes, I doubt it right now
[14:35] {Threei}  FCX
[14:35] {Threei}  .30 break
[14:35] {Threei} Long Setup:  FCX  .30 break if stays above .20
[14:38] {Threei}  aggressive entry makes sense here
[14:38] {Threei}  .20 break
[14:43] {Threei}  .15 stop
[14:43] {Threei}  very tight
[14:44] {Threei}  out
[14:49] {rambler} TZA db....
[14:49] {nemo} missed it dude
[14:50] {rambler} dang....
[14:50] {nemo} did check that stock
[14:50] {nemo} didn't
[14:57] {rambler} CREE looks like a serious short on the daily chart.....
[15:02] {nemo} anybody for a run on the indexes
[15:03] {Threei}  SPY about to go green
[15:03] {rambler} TZA short...
[15:04] {nemo} or tna long
[15:07] {Threei}  hmmm... TV running line: 6 Saskatchewan communists under threat of flooding
[15:08] {patience} who says we don't have the finest education system in the world
[15:08] {rambler} they both start with a C........
[15:09] {patience} got an invitation yesterday to attend recruitment session for my daughter to attend oxford.....they must be desperate to come out to the colonies looking for students
[15:10] {Threei}  OK... now it's corrected to "commuinities"
[15:15] {rambler} MCP double top....?
[15:16] {Threei}  doesn't look this way to me
[15:27] {nemo} Well....off like a herd of turtles...cya
[15:28] {rambler} cya nemo...
[15:28] {nemo} big gap up tomorrow
[15:29] {rambler} MCP thru 72.60.....
[15:30] {Threei}  and up
[15:30] {Threei}  was looking breakish
[15:39] {davd} have open short order mcp 73.8
[15:40] {Threei}  why?
[15:41] {davd} it is average break to new hight
[15:44] {Threei}  kind of arbitrary number...
[15:44] {Threei}  without setup at the price level
[15:44] {Threei}  OK guys, let's cut the misrey... it's way too boring
[15:44] {Threei}  have a great evening, see you tomorrow
[15:45] {larisa} bye :)
[15:45] {davd} thanks 3i will cancel
[15:45] {Threei}  not geting there anyway...
[15:45] {Threei}  then you fortget it there, get filled agter market, then it gaps up couple bucks
[15:45] {Threei}  you need that headache?? :)
[15:46] {davd} no, have enough headaches.  :(
[15:46] {rambler} thanks Vad,  cya all....

Wednesday, April 13, 2011

Apr 13 2011

One of those days that test the material a trader is made of. Rocky start with one win and three stops felt like one of those "nothing works" days - then we found firm ground, hit a few nice sizeable wins in a row and finished day nicely in the black. Come to think of it, just another day in the office.

Session Time: Wed Apr 13 00:00:00 2011

[08:30] {Threei}  *(US) MAR ADVANCE RETAIL SALES: 0.4% V 0.5%E
[08:44] {nemo} RVBD and TYC could be fun
[08:45] {nemo} volume spike tyc
[08:52] {dino} gm all
[08:52] {Threei}  dino :)
[08:55] {RonS} howdy all...INVE dropping
[08:55] {Threei}  Ron :)
[08:57] {patience} good morning
[08:57] {Threei}  patience :)
[09:01] {davd} msb down big dino
[09:04] {dino} thx
[09:05] {RonS} Mesabi Trust Sets Distribution, Down from Year Ago Levels - Shares Sliding 4% in After-Hours       04/12 03:00 PM
[09:06] {RonS} divvy .05 v .125 last year this quarter
[09:13] {gen} gm all
[09:13] {Threei}  gen :)
[09:13] {gen} :)
[09:14] {rambler} morning....
[09:14] {Threei}  rambler :)
[09:15] {rambler} catch the 'great debate' last night Vad...?
[09:15] {Threei}  yeah
[09:16] {rambler} scary huh...
[09:16] {Threei}  well... we won, as far as I am concerned
[09:16] {rambler} I think so....
[09:17] {Threei}  now, if only that report crap wouldn't surface with such timing
[09:17] {rambler} funny how that happens...
[09:18] {larisa} gm :)
[09:18] {Threei}  larisa :)
[09:18] {larisa} vad :)
[09:19] {rambler} can you imagine the damage to this country if Layton (i.e.Lenin) ever got in....
[09:19] {Threei}  yes. I lived in the result
[09:19] {RonS} ZOOM wow
[09:20] {Threei}  aghreement with QCOM
[09:21] {ese} gm
[09:21] {Threei}  ese :)
[09:22] {Threei}  (GR) ECB's Mersh: There are no signs that Greece cannot carry out its reforms
[09:22] {Threei}  why do we hear about it every day then
[09:23] {Threei}  my new favorite phrase of the day: There are so many things I hope not to live long enough to see
[09:26] {ese} thats a hmmmmmmmmmmm
[09:26] {nemo} yeah...suite; judy blue eyes playing
[09:27] {nemo} stephen stills frickin' acoustic guitar god
[09:27] {ese} hey dino.....what type of scan do you use to to find those divers
[09:27] {Threei}  (US) Senator Durbin (D-IL): Composing bipartisan fiscal plan which may include an increase of debt ceiling tied to the debt cutting plan - financial press
[09:29] {jfjf64} mornin all
[09:29] {ese} jf
[09:29] {Threei}  jf :)
[09:30] {Threei}  no clear opening play yet
[09:30] {Threei}  waiting out firast minutes
[09:31] {dino} ese thats the 07 movers, only show up on .07 gap from prior trade, multiple hits means its pulp
[09:32] {Threei} Short Setup: RIMM  .10 break
[09:32] {Threei}  if stays under .20
[09:34] {ese} tks
[09:34] {Threei}  grr
[09:35] {Threei}  couldn't type SLW .35 short in time
[09:36] {nemo} INVE testing support
[09:37] {nemo} ARMH
[09:40] {Threei}  no go RIMM
[09:42] {dino} shoo, straigt up but thin
[09:42] {dino} straight
[09:43] {dino} msb getting wide
[09:43] {ese} am watching that one too
[09:43] {nemo} JPM at support
[09:43] {Threei} Short Setup: FCX  .40 break
[09:44] {nemo} what would the stop be?
[09:44] {dino} cree sm s .24
[09:44] {Threei}  invalidated
[09:44] {Threei}  looking for better entry
[09:45] {Threei}  got away
[09:45] {Threei} Short Setup: X  .50 break
[09:46] {Threei}  1:1
[09:46] {nemo} way toofast
[09:46] {Threei}  yeah
[09:48] {Threei} Short Setup: X  .55 break
[09:48] {Threei}  stop above .65
[09:49] {davd} xlf in red
[09:49] {Threei}  no go
[09:49] {dino} cov cree .49, +.75
[09:49] {Threei}  wtg
[09:50] {patience} nice way to start the day dino
[09:50] {dino} ty
[09:50] {jfjf64} gs
[09:50] {dino} msb lod
[09:53] {nemo} in inve .36
[09:55] {RonS} tyc lod
[09:56] {Threei} Short Setup: SLW  .30 break
[09:56] {Threei}  if stays under .40
[09:57] {Threei}  1:1
[09:58] {Threei}  1:2
[09:59] {Threei}  out in full
[10:00] {rambler} me too...tks V
[10:00] {Threei}  *(US) FEB BUSINESS INVENTORIES: 0.5% V 0.8%E
[10:00] {Threei}  yw
[10:02] {RonS} O tv at 1:30 edt
[10:02] {Threei}  finally
[10:02] {nemo} oh
[10:02] {ese} L msb .79 sm
[10:03] {dino} shoo sm s .67
[10:03] {ese} big spread on this one...dangerous
[10:05] {Threei} Long Setup:  CAT  .20 break
[10:05] {Threei}  stop under .10
[10:06] {Threei}  (SP) Fitch lowers ratings on some Cajas
[10:06] {Threei}  uh oh
[10:06] {Threei}  Spain is back on radar
[10:06] {Threei}  bad timing for CAT
[10:07] {Threei}  INVE
[10:07] {Threei}  Identive Group, Inc. Financial blog makes cautious comments on INVE deal to supply RFID tags to a test market for Google- Notes that "there are hundreds of RFID vendors across the globe. RFID tags are a commodity and their prices are coming down rapidly," and that the Google deal amounts to a "$400 order."
[10:07] {Threei}  lol
[10:07] {dino} lol
[10:07] {ese} dino....any tips on how to make money on a .13 cent spread....
[10:08] {RonS} buy and sell to yourself?
[10:08] {nemo} so it startss going u
[10:08] {nemo} up
[10:08] {dino} what stock ese
[10:08] {ese} msb
[10:09] {dino} l or s?
[10:09] {ese} thats a good suggestion ron
[10:09] {RonS} :D
[10:09] {dino} i'm waiting for 34 on it
[10:09] {dino} for long
[10:12] {Threei} Short Setup: X  .40 break
[10:13] {Threei}  not a scalp
[10:14] {dino} panl, down 5 yesterday, down again today
[10:15] {ese} out msb .82 +.03
[10:15] {Threei}  what the deuce
[10:15] {Threei}  nothing works today
[10:16] {nemo} SLW did
[10:16] {Threei}  correction: almost nothing
[10:16] {nemo} maybe I'll go play with the bunny
[10:17] {Threei} Short Setup: RIMM  .50 break
[10:18] {dino} shoo stop -.21
[10:18] {Threei}  if goes over .60, switching to double top setup with .70 resistance and .60 support
[10:19] {Threei} Short Setup: RIMM  .60 break
[10:20] {Threei}  stop is obvious, target 1:3
[10:22] {dino}  shoo rinsed, lots of rinses this week
[10:24] {ese} thought i was gonna get rinsed with msb so dumped it too
[10:25] {Threei}  1:1
[10:25] {Threei}  half out
[10:26] {dino} panl sm l .00
[10:26] {Threei}  scalpers win
[10:30] {nemo} chop chop chop chop chop
[10:30] {Threei}  yeah, but it qwas nice of RIMM to rinse longs first so we could get our cover
[10:31] {Threei}  DOE CRUDE: +1.6M V +1ME; GASOLINE: -7.0M V -1ME; DISTILLATE: -2.7M V UNCHANGED EST. (0.0E); UTILIZATION: 81.4% V 84.7%E
[10:31] {Threei}  (CA) Bank of Canada Monetary Policy Report: Sees gradual rate hikes over projection period to 2013
[10:31] {Threei}  give me a gun
[10:32] {rambler} no guns allowed Vad...didn't you hear Iggy last night....?
[10:32] {ese} looks like i read msb wrong
[10:33] {rambler} these people will never give up...
[10:34] {nemo} glad I live here...need to get an AR-10 or two
[10:34] {dino} panl to .45
[10:34] {dino} out .43, +.43
[10:35] {rambler} nice job dino....
[10:35] {dino} ty
[10:36] {patience} big day so far..have cycled into POT
[10:36] {nemo} gotta' be a joke in there
[10:37] {patience} made me look twice, laughing
[10:37] {Threei} Short Setup: MON  .50 break
[10:37] {Threei}  half lot
[10:40] {Threei}  invalidated
[10:42] {ese} off of coc then patience.......i hear things look bigger with either
[10:42] {nemo} LVS, short?
[10:43] {patience} i have no idea...only drink white wine, or did...back into training
[10:43] {Threei}  not sure
[10:43] {ese} red here
[10:44] {nemo} DOE reports refiners on the East Coast utilized just 39% of their capacity last week... that's the lowest ever.
[10:44] {patience} fr.to is up 12.79% today
[10:45] {ese} what company is that
[10:45] {RonS} nemo, crack spread at 4 yr highs as result
[10:45] {nemo} yeah
[10:45] {RonS} $27.24
[10:46] {patience} fortuna silver i think, i know i traded it in the past 10 days
[10:47] {nemo} rimm coming into 3rd test of high
[10:50] {dino} afam sm l .60
[10:50] {nemo} appointment trader
[10:51] {dino} yeah
[10:52] {nemo} cree short on retracement maybe?
[10:53] {ese} L CLNE .80
[10:53] {ese} daaaaa make that .81
[10:55] {RonS} who is the stongest guy in the world?
[10:55] {RonS} my vot is that russian hoofing kirstie allie around the dance floor
[10:55] {RonS} vote
[10:56] {ese} who the h is that
[10:56] {RonS} she makes oprah look anorexic
[10:56] {dino} dancer
[10:56] {ese} lol
[10:58] {Threei}  we have lifelong practice Ron... let it be known that russian women pride themselves in ability to stop the mad horse at full speed and walk in the buring building
[10:58] {ese} L ClNE avg now .80
[10:58] {ese} rotflol
[10:59] {Threei}  present ladies excluded
[10:59] {Threei}  (just making sure larisa doesn't treat me like that horse to be tamed)
[11:00] {ese} man fella........getting yourself into deep trouble there....deeeeeeeeep trouble
[11:00] {patience} i'm taking your wife out for lunch for a little talk
[11:00] {Threei}  my only defense is that I quoted one of the most widely known russian poets...
[11:00] {patience} slight change of topic here
[11:01] {patience} sure sure
[11:01] {ese} ahhhhh huh
[11:01] {patience} does anybody here trade on global market platforms....i'm looking at trading on shanghai and hong kong
[11:01] {nemo} crack spreads now 28.40
[11:01] {ese} not i patience but am certainly thinking about it
[11:02] {patience} i've set up my accont
[11:02] {patience} just want to take my time, watching and learning how they move
[11:02] {dino} no patience
[11:02] {nemo} you mean "no patience"   or  "No, Patience.
[11:04] {dino} mean, i do not trade global mkts
[11:04] {nemo} I know....I was being a jerk
[11:04] {dino} i know, i was returning the favor
[11:04] {RonS} no, kidding
[11:04] {ese} lol
[11:04] {nemo} now Ron, when I set myself up knowingly, it doesn't count
[11:05] {RonS} that's why i did not respond immediately  :)
[11:07] {dino} slgn sm s .13
[11:08] {dino} afam stopped -.12
[11:08] {Threei} Short Setup: CREE  42 break
[11:08] {Threei}  if stays under .10
[11:08] {Threei}  nort a scalp
[11:09] {rambler} L GTXI 3.80  stop 3.70
[11:09] {Threei}  partials with 1:3 target
[11:10] {nemo} RVBD .15 offer
[11:10] {Threei}  1:1
[11:11] {Threei}  trail balance stop to .02
[11:11] {nemo} tis is vwap for cree
[11:16] {RonS} intraday in adtn is nuts
[11:16] {RonS} reported great numbers
[11:18] {Threei} Long Setup:  RVBD  .10 break
[11:19] {Threei}  stop is self-explanatory
[11:19] {Threei}  1:1
[11:19] {dino} adtn wow
[11:19] {Threei}  1:2
[11:19] {dino} shoo sm s .00
[11:20] {dino} gaps 39.75 and36.87 adtn
[11:21] {RonS} banged rvbd for .07...market order in, and out
[11:22] {Threei}  CREE 1:2
[11:22] {Threei}  day is getting fixed nicely
[11:22] {dino} gj
[11:22] {Threei}  ty
[11:24] {Threei}  1:3 target was hit but I was a bit too slow on exit
[11:24] {Threei}  stop above .90 for the last portion
[11:25] {dino} adtn gap filled and bounced
[11:25] {Threei}  RVBD stop to under .20 for the last portion
[11:28] {Threei}  done with RVBD
[11:28] {Threei}  last piece of CREE is still here, held by fingertips
[11:28] {RonS} adtn l .13
[11:29] {Threei}  target hit
[11:29] {Threei}  out in full CREE
[11:31] {Threei}  GR) EU officials estimate that Greece debt needs 40-50% haircuts to guarantee stability, no decision has been made yet on whether or not to restructure Greek debt - Die Zeit, citing sources
[11:31] {Threei}  - Cited official says that it is likely a less radical solution will be pursued, such as a voluntary extension of Greek debt maturities.
[11:31] {Threei}  ***Reminder: Overnight S&P stated that it sees a 1-in-3 chance of debt restructuring in Greece; restructuring would require 50-70% haircut.
[11:32] {rambler} stopped on GTXI....
[11:32] {Threei}  1 in 3 chance eh
[11:32] {Threei}  my bet is, 99%
[11:33] {dino} adtn sm l .50
[11:34] {nemo} stop dino?
[11:34] {dino} .24
[11:34] {nemo} support is .14
[11:35] {RonS} out adtn .68 +.55 ese size
[11:35] {dino} target?
[11:35] {dino} gj ron
[11:36] {nemo} 1st would be 41 area, market weak, might be good to take .95 for a partial
[11:36] {RonS} the machines are really jerking this thing around
[11:36] {ese} nice ron
[11:36] {dino} slgn stopped -.05
[11:42] {Threei}  hmmm
[11:42] {Threei}  can I have my CREE back?
[11:45] {dino} out adtn .40, +.90 ty ron for heads up
[11:45] {RonS} giddy up dino
[11:45] {dino} :D
[11:46] {Threei}  good job guys
[11:56] {dino} shoo stop -.18
[11:57] {ese} cyu in about an hour
[11:58] {dino} cya
[12:00] {Threei}  (IC) Sweden Fin Min: May request that Parliament provide loans to Iceland in light of Icesave- Calls for Iceland to obey its obligations assuming an adverse court decision regarding the setlement
[12:01] {Threei}  IMF's Strauss Kahn: Can provide assistance to Middle east countries if necessary, discussions are ongoing with some countries
[12:01] {nemo} iwm just bounced off of weekly/monthly pivot
[12:02] {RonS} that is not the function of the IMF
[12:02] {RonS} assist political unrest
[12:03] {RonS} "in light of Icesave"  Sweden sending refrigerators
[12:03] {dino} well, neither is the pres. function to appoint czars
[12:04] {RonS} Electrolux = swedish refrigerator
[12:08] {davd} dive related to O speech on taxes?  imo
[12:09] {dino} avav sm l .60
[12:10] {dino} fast break of .50 sm l trig
[12:10] {davd} imo also jpm down takes wind out of sails
[12:10] {dino} speech is at 1:30 i think
[12:14] {nemo} CYH
[12:15] {nemo} WMS interesting here, thinking short, but over .20 could go for awhile
[12:16] {nemo} CH break of 40, but lunch time too
[12:16] {nemo} CYH
[12:22] {nemo} remind me to just buy under the break
[12:22] {nemo} frickin cyh
[12:27] {dino} dcth\
[12:31] {RonS} Delcath Receives Notice of European Regulatory Approval for Hepatic CHEMOSAT Delivery System
[12:32] {RonS} dcth hearing 25% short float
[12:33] {RonS} finviz says 23.3%
[12:36] {Threei}  (PO) Germany Fin Min Schaeuble: Portugal aid depends on austerity measures, EMU bailout programs have helped cut the risk of contagion - Die Welt
[12:36] {rambler} DCTH 8.94  stop  8.75
[12:37] {davd} nemo VWAP on .spx is 1310.88?
[12:37] {Threei} Short Setup: FCX  .30 break
[12:37] {nemo} spy is 131.75, but that's spx w/dividends
[12:38] {Threei}  1:1
[12:39] {dino} dji, s/p yesterday lod
[12:42] {rambler} out DCTH....wait for a bit....
[12:44] {Threei}  1:2
[12:44] {rambler} GTXI perking up...needs 3.90 with vol...
[12:45] {Threei}  day looks bright and clear now
[12:46] {RonS} of course, O on tv soon...
[12:46] {Threei}  rofl
[12:47] {Threei}  if that's not an impressive comeback, I don't know what is
[12:47] {Threei}  if I may say so myself
[12:47] {Threei}  and even if not
[12:47] {jfjf64} nice work
[12:48] {dino} avav stop -.14
[12:52] {davd} rimm ceo abruptly leaves interview
[12:53] {davd} maybe he got a blackberry message?
[12:53] {RonS} diarrhea?
[12:54] {davd} pt being - watch the stock - airing video on cnbc
[13:02] {dino} fast sm l .25
[13:02] {dino} tdsc sm l .40
[13:03] {dino} avav l .49
[13:09] {dino} lps drop
[13:10] {Threei}  (JP) US and Japan Sec's of State to meet in Japan on Sunday; Expected to agree on forming a joint earthquake reconstruction fund - Nikkei News- Report notes the establishment date and size are yet to be decided
[13:10] {Threei}  I just don't get it...
[13:10] {Threei}  this is horrible disaster, no question about it
[13:10] {Threei}  but how can broke country with no money and huge debt be of any help?
[13:11] {Threei}  borrow more and lend?
[13:12] {Threei}  or borrow more and give away?
[13:12] {Threei}  whatever you chose, first step is "borrow more"
[13:12] {dino} they are both broke
[13:13] {RonS} Fed penalizes 10 banks on mortgage practices       04/13 11:09 AM
[13:14] {RonS} LPS BAC MET STI WFC USB HBC JPM C PNC
[13:14] {dino} 3i, think atlas shrugged on your above question
[13:15] {Threei}  don't you shudder even imagining what happens when it shrugs
[13:15] {dino} yes
[13:16] {RonS} quote of the day:  Solution to the problem in Libya:  They want a new Muslim leader, I say, give them ours.  Solves 2 problems.
[13:16] {dino} roflol
[13:17] {RonS} UPGRADE: Fastenal (FAST) upgraded by UBS from Neutral to Buy.       04/13 11:16 AM
[13:19] {nemo} ESLR!!
[13:20] {nemo} FFIV short?
[13:20] {nemo} too late
[13:21] {davd} i have ffiv on my radar for a short as well - its up underservedly w rvbd
[13:22] {nemo} well, interesting high volume on rvbd probably a short if drops
[13:36] {dino}  wtw
[13:40] {patience} .
[13:43] {Threei}  LOL... CNN ran poll whose approach to deficit-cutting is better Obama's or GOPs - BEFORE obama's one is released
[13:44] {dino} egomaniac is late as usual
[13:44] {dino} stra blood
[13:44] {Threei}  Seely Stoopid is runnign their research department, I think
[13:46] {Threei}  tax hike is in his plan (big surprize)... what else?
[13:51] {Threei}  (US) President Obama: Reiterates his opposition to renewing tax cuts for the wealthiest Americans- Proposed budget reforms would limit itemized tax deduction for the wealthiest 2% of Americans.
[13:53] {davd} wealthiest 2% of americans are the middle class.  if you are actually wealthy your money is hidden somewhere.
[13:53] {Threei}  pretty much... rich folks have options
[13:53] {nemo} RVBD short and FFIV would have worked nicely for you
[13:54] {dino} lps drops again
[13:55] {davd} i have an open to short ffiv way far away at 98.85.
[13:55] {davd} wont happen
[13:55] {nemo} wow, dude...wtf
[13:56] {Threei}  why the failure?
[13:56] {dino} sm l .75 lps
[13:56] {davd} its an approach - i throw about 5 crazy out each morn.  when they hit - not too often - they hit big
[13:57] {Threei}  - Plan would lower interest payments by $1T over time. - Vice President Biden to meet with leaders of both parties in May to forge final plan by the end of June.
[13:57] {Threei}  wow... he just actually said Bush is to balme for everything
[13:58] {dino} "not my fault president"
[13:58] {RonS} at least that is new
[13:58] {Threei}  - GOP plan ends Medicare as well know it.
[13:59] {Threei}  - All citizens need to make sacrifices;
[13:59] {Threei}  - Stimulus was the absolutely right thing to do
[13:59] {Threei}  wait for me, strong puking reflex
[14:00] {RonS} kvetch!
[14:00] {Threei}  strong fiscal discipline of 1990 eh
[14:00] {Threei}  remind me again who k,illed Glass-Steagal
[14:00] {RonS} lol got Trump on mibbit ad
[14:00] {dino} lol, i see it
[14:01] {rambler} bot ZOOM   4.50 stop 4.40
[14:01] {dino} his slogan, vote for me not my stock
[14:02] {RonS} snagged lps .69 to 30.10  thanks dino
[14:02] {dino} gj, still in here
[14:03] {RonS} the cartoonists are having field day w/ trump...pretty funny ones
[14:03] {Threei}  amazes me that taxes is the only thing he is talking about
[14:05] {Threei}  aha... got to cuts finally
[14:05] {RonS} lifte a bandaid?
[14:05] {RonS} lifted
[14:05] {Threei}  let's see what cuts are acceptable to him
[14:06] {rambler} PRAN pops....
[14:08] {dino} he's against all the cuts
[14:09] {Threei}  so far
[14:10] {dino} class warfare speech
[14:10] {rambler} out ZOOM...
[14:14] {RonS} dino smacks one out of the park
[14:14] {Threei}  - All options will be on the table for cutting the deficit.
[14:14] {RonS} the guy is so fake
[14:15] {dino} yes
[14:16] {Threei}  Defense budget cuts
[14:16] {Threei}  to be determined yet
[14:16] {Threei}  Reducing cost of health care
[14:16] {Threei}  this one is a puzzler
[14:17] {dino} same old same old
[14:19] {dino} lps to .40
[14:19] {dino} out .40, +.65
[14:24] {dino} .
[14:33] {RonS} gj
[14:35] {dino} thx
[14:36] {dino} avav to .59
[14:38] {dino} out avav +.10
[14:38] {Threei}  one thing I must applaud in that plan
[14:38] {Threei}  simplifying the tax code, lowering rate but getting rid of loopholes
[14:39] {Threei}  a step in the right direction of a flat tax
[14:39] {Threei}  (GR) Greece Fin Min: Return to private debt market next year is in doubt
[14:39] {Threei}  no doubt in my mind... not g\oing to happen
[14:40] {RonS} loopholes are the mother's milk of congress.  they use them to leverage contributions.
[14:41] {dino} yes. the deletion of them will never occur, as its about getting elected, not doing whats right
[14:42] {nemo} I was just saying exactly the same thing to a visitor
[14:42] {dino} term limits are the answer imo
[14:44] {dino} out fast .55, +.30, rather slow
[14:45] {rambler} looks like a great day for you dino....gj....
[14:45] {RonS} they should be sued for that symbol
[14:46] {dino} decent
[14:47] {dino} trying to get out of tdsc is tough
[14:50] {RonS} by my calculation rambler, if you took all of dino's trades (and traded them like him), w/ 300 share lots you would be up $622
[14:50] {dino} running 400 shares
[14:50] {rambler} so even better....
[14:51] {dino} about 7500
[14:51] {dino} 750
[14:51] {dino} but was neg 200 yesterday
[14:53] {dino} can tdsc get thru .00 nemo?
[14:57] {dino} partial out tdsc .85, +.45
[15:00] {RonS} dang it, had LTM on radar and forgot about it...something for tomorrow.  daily decent
[15:01] {RonS} w/market help of couse
[15:02] {Threei} Long Setup:  CREE  .45 break
[15:02] {RonS} freakin CREE is one sick Indian
[15:03] {dino} downgraded to 36
[15:03] {Threei}  stop under .35, target .65 - .75
[15:07] {rambler} SIFY goes...
[15:15] {Threei}  there must be one more good trade somewhere
[15:15] {Threei} Short Setup: SLW  .50 break
[15:20] {dino} not usually. at this time i look for mini capits or euphorics
[15:20] {Threei}  weir nervous jumps up and down
[15:23] {jfjf64} think slw ready for 2x4
[15:24] {Threei}  make upiu your mind already SLW
[15:24] {Threei}  while we are young
[15:24] {jfjf64} 42.05
[15:24] {Threei}  ok... violence tiem
[15:24] {jfjf64} looks good  hey
06[15:24] * Threei hits slw over the head with 2x4
[15:24] {jfjf64} ty
[15:24] {Threei}  certainly
[15:24] {gregns} market help please now !!
[15:25] {Threei}  hey, violence works... again
[15:25] {dino} soda spike
06[15:25] * Threei repeatedly hits slw over the head with 2x4 equipped with rusty nails
[15:26] {jfjf64} this is winkin and trading go hand and hand
[15:27] {jfjf64} why
[15:27] {RonS} c youze all tomorrow.  going to a meeting.  best day for me in a month.;)
[15:27] {jfjf64} drinkin
[15:27] {Threei}  wtg Ron
[15:27] {Threei}  take care
[15:28] {Threei}  come on already SLW... no support at all for 20-30 cents
[15:28] {dino} great job ron
[15:30] {jfjf64} where magoo been
[15:31] {Threei}  out of town
[15:31] {Threei}  for couple more weeks I believe
[15:31] {dino} taking some time off
[15:31] {Threei}  here here SLW
[15:31] {Threei}  1:1
[15:31] {Threei}  half out
[15:31] {dino} gj
[15:32] {Threei}  stop to .52
[15:34] {jfjf64} sellllllllllllllllllllllllllllllllll
[15:34] {dino} tdsc remainder stop to .75
[15:38] {Threei}  scalpers wqin
[15:39] {Threei}  wow SIFY
[15:39] {rambler} been watching that one....
[15:40] {Threei}  you better'
[15:40] {Threei}  mentinoned it yesterday for you specifically
[15:47] {dino} out remainder tdsc .78, +.38
[15:48] {Threei}  nice finish
[15:49] {dino} thx
[15:51] {Threei}  okay guys, a bit nervous but profitable day
[15:51] {Threei}  let's go rest
[15:51] {jfjf64} ty
[15:51] {Threei}  have a good evening, see you tomorrow
[15:51] {larisa} bye :)
[15:51] {patience} thanks vad\
[15:51] {dino} cya 3i

Tuesday, April 12, 2011

Apr 12 2011

Very strong day with many nice winning trades. Midday period of low activity was nicely framed by the fireworks in the morning and finishing touch of SLW short for 1:3 - see 15:15 call.

Session Time: Tue Apr 12 00:00:00 2011

[08:43] {RonS} gm all...hearing the SLW ceo got the boot
[08:44] {Threei}  morning Ron
[08:44] {Threei}  (CH) Fitch cuts China's long-term local currency issuer default Outlook to Negative from Stable; Reaffirms "AA-" sovereign rating
[08:44] {Threei}  - Its other ratings are also affirmed with the Long-Term Foreign Currency IDR at 'A+' with a Stable Outlook; the Short-Term Foreign Currency IDR at 'F1' and the Country Ceiling 'A+'.
[08:44] {Threei}  - The Negative Outlook reflects concern over the scale of sovereign contingent liabilities and risk to macro-financial stability arising from the very rapid pace of bank lending in recent years
[08:44] {Threei}  - Fitch expects some sovereign support for the banking system will be required.
[08:44] {Threei}  - The agency estimates that a rise in the non-performing loan (NPL) ratio to 15%-30% could necessitate upwards of 10%-30% of GDP in support for the system.
[08:45] {Threei}  Silver Wheaton Corp Randy Smallwood named CEO; Succeeding Peter Barnes who resigned today; Effective April 11th- As part of the transition process, Mr. Barnes has agreed to enter into a consulting agreement with Silver Wheaton.
[08:51] {Threei}  (US) Fed's Dudley: US economic growth in Q1 may be a bit disappointing, at +3% or less - Q&A
[08:51] {Threei}  - The risk of deflation has fallen significantly; inflation may peak in the 2.5-3.0% range
[08:51] {Threei}  - Notes that paying interest on excess reserves could contain inflation
[08:51] {Threei}  - Growth outlook has improved since last summer, yet recent outlook lower due to the earthquake in Japan and recent oil price spike
[08:54] {Threei}  (SR) Saudi Arabia reduces oil production as a response to weaker demand; now at 8.5M bpd v 9.2M prior - financial press
[08:54] {Threei}  huh?
[08:59] {dino} gm all
[08:59] {Threei}  dino :)
[09:00] {patience} is it friday yet?
[09:01] {Threei}  not on my calendar
[09:01] {patience} darn, ok.....then good morning
[09:01] {Threei}  but I am ready to change calendars any moment
[09:02] {nemo} 2012 no more calendars
[09:02] {patience} that works
[09:02] {patience} nemo, our little ray of sunshine
[09:05] {nemo} gamma ray of sunshine
[09:11] {RonS} eur rocking v $ now north of 1.45
[09:12] {Threei}  well, bailouts obviously work {G}
[09:13] {Threei}  my feel is, market has decided to ignore Spain issue until it comes to a head
[09:14] {davd} thoughts on open 3i?  oil continues down but japan being microwaved.  dollar again weak.
[09:14] {ese} morning
[09:14] {Threei}  ese :)
[09:15] {Threei}  thoughts is exaggeration... but FWIW, weak bounce and hard selloff is what I expect
[09:15] {davd} its worth a little more than my guess.
[09:16] {Threei}  I am not sure how Japan is an issue, the upgrade of disaster level is done retroactively
[09:16] {dino} options expire friday, usually a wild day or two during options ex week
[09:18] {gen} gm all
[09:18] {Threei}  gen :)
[09:18] {gen} :)
[09:26] {Threei}  SLW is chewing on support
[09:26] {nemo} BBBY and RHT are on cliffs
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} :)
[09:29] {jfjf64} yello
[09:29] {Threei}  jf :)
[09:29] {nemo} you're early
[09:29] {Threei}  lol
[09:29] {rambler} morning...
[09:29] {jfjf64} u nemo
[09:29] {Threei}  rambler :)
[09:30] {Threei} Short Setup: SLW  .70 break
[09:31] {Threei}  half lot
[09:31] {Threei}  stop above .80
[09:31] {Threei}  yesterday's low .56
[09:31] {Threei}  if losing it likely to drop big and fast
[09:31] {Threei}  feel free to cover as you see fit
[09:32] {Threei}  out .30
[09:32] {Threei}  can I go home?
[09:32] {jfjf64} nice nice
[09:33] {jfjf64} not  bad
[09:33] {Threei}  big and fast drop it did
[09:33] {dino} gj
[09:33] {Threei}  ty
[09:33] {Threei}  bounce time soon
[09:33] {jfjf64} ya read  was perfect
[09:34] {Threei} Long Setup:  SLW  .25 break
[09:34] {Threei}  1:1
[09:35] {Threei} Long Setup:  RIMM  .10 break half lot
[09:35] {Threei}  ugh, late
[09:35] {Threei}  no chasing
[09:35] {Threei}  see if pulls back for entry
[09:36] {Threei}  same setup
[09:36] {Threei}  if stays above 54 of course
[09:38] {Threei}  1:1
[09:39] {dino} jdsu wants that 18 gap from feb
[09:39] {ese} anyone eles's intelliscan not working
[09:39] {Threei}  works fine
[09:40] {nemo} use the "on" button ese
[09:40] {ese} little green bars not flashing
[09:40] {Threei}  they do here...
[09:40] {Threei}  your connection...
[09:41] {jfjf64} ese  who needs  scanner  today   3i   tearing it UP
[09:41] {Threei} Short Setup: FCX  .40 break
[09:42] {Threei}  if stays under .50
[09:42] {Threei}  1:1
[09:43] {Threei} Short Setup: X  10
[09:43] {Threei}  too fast
[09:43] {Threei}  FCX 1:2
[09:43] {Threei}  X got away
[09:44] {Threei}  if anyone managed to catch it, cover as you see fit
[09:44] {Threei}  rambler... have a look at SIFY... could be your kind
[09:45] {rambler} thanks Vad..
[09:45] {Threei}  SLW
[09:45] {Threei}  long on pullback
[09:45] {Threei}  from under .50
[09:45] {Threei}  .55 long
[09:45] {Threei}  if holding .45
[09:46] {dino} tdsc sm l .00
[09:46] {Threei}  touched 1:1, I was a bit too slow
[09:48] {Threei}  should go now
[09:48] {Threei}  1:1
[09:49] {Threei}  let's continue at this pace until first stop
[09:49] {Threei}  then pause and reevaluate
[09:49] {jfjf64} SALUTE
[09:49] {Threei} Long Setup:  X  .90 break
[09:49] {Threei}  if holding .80
[09:49] {Threei}  invalidated
[09:50] {Threei} Long Setup:  RIMM  .10 break
[09:50] {nemo} vfc short .90
[09:50] {Threei}  if holding 54
[09:51] {Threei} Long Setup:  X  .80 break
[09:52] {Threei}  1:1
[09:52] {jfjf64} fdx short
[09:52] {jfjf64} ?
[09:53] {Threei}  not sure... tough read
[09:53] {jfjf64} ty
[09:54] {Threei} Long Setup:  GLD  .40 break if holding .30
[09:55] {dino} out tdsc flat
[09:55] {dino} market feels heavy
[09:56] {Threei}  astopped
[09:56] {Threei}  ok... let's take a breath
[09:56] {jfjf64} please
[09:56] {Threei}  lol
[09:56] {jfjf64} cant wait  4 ya evaulation
[09:57] {Threei}  let's wait out the numbers
[09:57] {Threei}  (US) Preview: April IBD/TIPP Economic Optimism Index due out at 10:00ET
[09:57] {Threei}  **Consensus expectation: 45.0e v 43.0 prior
[09:57] {rambler} RIMM long...?
[09:57] {Threei}  not right before numbers
[09:58] {Threei}  too risky, easy to get caught in sudden move
[10:00] {Threei}  *(US) APRIL IBD/TIPP ECONOMIC OPTIMISM: 40.8 V 45.0E
[10:02] {nemo} 1/2 out vfc .80
[10:03] {dino} ades sm l .25
[10:03] {dino} stop .9
[10:03] {dino} .99
[10:04] {Threei}  gold loses lustre rapidly
[10:04] {jfjf64} mon  dtop
[10:06] {Threei}  FCX
[10:06] {Threei}  watching for double bottom
[10:07] {Threei}  no, new low
[10:07] {dino} mkts falling still
[10:07] {dino} 07 all red
[10:08] {nemo} 1/2 out mon short at .90
[10:08] {dino} gj
[10:08] {Threei}  SLW is getting eaten alive
[10:09] {Threei}  bounce time soon though
[10:09] {nemo} 1/4 more .65
[10:09] {Threei}  wtg
[10:09] {Threei} Long Setup:  SLW  .05
[10:10] {Threei}  stop under .95
[10:10] {Threei}  1:1
[10:11] {dino} lod
[10:11] {Threei}  bigger double bottom is coming, SLW
[10:11] {Threei}  ugh, missed
[10:12] {Threei}  thought of .90 but it didn't consolidate there long enough
[10:12] {nemo} damn missed high volume hammer off iwm bottom
[10:13] {Threei}  high volume hammer = jackhammer?
[10:13] {nemo} basically
[10:15] {nemo} DF me...took last of VFC short at .60
[10:15] {patience} thanks vad, 2 scalps of slw, not staying for a long time...too volatile for me to stay awhile
[10:15] {Threei}  yw
[10:16] {dino} tdsc sm l .50
[10:17] {Threei}  FCX
[10:18] {Threei}  grr
[10:18] {patience} slw wants down for a good washout
[10:18] {dino} ensg sm l .35
[10:19] {Threei} Long Setup:  FCX  .60 break
[10:20] {Threei}  no go
[10:20] {nemo} rinse?
[10:20] {Threei}  could be
[10:20] {Threei}  not trying second time
[10:20] {Threei}  way too volatile here
[10:22] {nemo} japan moved nuclear crisis to a 7
[10:23] {Threei}  happy new 2010 year nemo
[10:23] {nemo} didn't know you had mentioned it
[10:23] {RonS} bet they would like to move it to korea
[10:23] {nemo} wow cyh
[10:23] {Threei}  [09:16] {Threei} I am not sure how Japan is an issue, the upgrade of disaster level is done retroactively
[10:25] {Threei}  yeah... that was a rinse
[10:27] {dino} cyh sm l .50
[10:28] {nemo} slw
[10:30] {nemo} think long MCP small here good
[10:30] {RonS} rvbd sm l .11
[10:34] {Threei} Long Setup:  GRMN  34 break small shares
[10:35] {dino} cyh stopped .29, -.21
[10:35] {patience} long slw
[10:40] {RonS} out rvbd .38 +.27
[10:41] {rambler} MWW  running...
[10:41] {Threei} Long Setup:  TZA  .30 break
[10:41] {Threei}  stop under .20, target .60
[10:43] {Threei}  the weirdest headline I've see in a while:
[10:43] {Threei}  NATO Rejects France Criticism for Not Doing Enough in Libya
[10:44] {Threei}  if France criticizes you for being not militant enough...
[10:44] {Threei}  1:1 TZA
[10:44] {Threei}  firast partail out, and stop to .25
[10:44] {Threei}  look at SPY chart
[10:44] {Threei}  see what I am playing for?
[10:45] {dino} tdsc drop
[10:45] {Threei}  .20 breakdown and cascade
[10:45] {Threei}  that's TZA idea
[10:45] {Threei}  1:2, second partial
[10:46] {RonS} took tza .29 to .48  thanks 3i
[10:46] {Threei}  :)
[10:46] {Threei}  stop b/e
[10:47] {Threei}  needless to say, GRMN is invalidated
[10:47] {Threei}  but I'll say it anyway
[10:51] {davd} out tza +.18
[10:51] {jfjf64} nice  3i
[10:51] {dino}  gj
[10:52] {Threei}  maybe my brain is back from vacation
[10:52] {nemo} do you stand at your desk to take pressure off it?
[10:52] {Threei}  how rude
[10:52] {nemo} thank you
[10:53] {Threei}  sure thing
[10:53] {Threei}  1:3, target hit
[10:53] {Threei}  out .58
[10:55] {davd} brent lod re dbo
[10:56] {RonS} oil fute at 105.80
[10:56] {davd} 30yr treas hod re tlt
[10:56] {Threei}  davd, that was a good forecast, pre-market
[10:56] {Threei}  [09:15] {Threei} thoughts is exaggeration... but FWIW, weak bounce and hard selloff is what I expect
[10:57] {davd} i agreed with you, it was right, so i was right !
[10:57] {Threei}  yes sir
[10:57] {Threei}  right you were
[10:57] {dino} cyh sm l .25
[10:57] {davd} actually, not sure i saw much of a pop/ none of my shorts got picked up
[10:58] {Threei}  can we just go to the nearest bar and continue slapping each other backs till they run out of beer?
[10:58] {Threei}  first 20 min after open, about 45 cents SPY bounce
[10:58] {jfjf64} sounds lk plan
[10:58] {Threei}  that was it
[10:59] {Threei}  jf joins I see
[10:59] {Threei}  which means they'll run out of beer much faster
[11:00] {Threei}  one more leg down, then I'd start looking for bounce
[11:01] {Threei}  British Petroleum plc Cancels Board meeting at Russia joint venture - financial press citing sources
[11:01] {Threei}  - Reminder: BP's current Russian partners at TNK-BP have been trying to block BP's new venture in Russia with Rosneft.
[11:01] {davd} imo if oil stays lower all day may see a market pop at eod
[11:02] {Threei}  "trying to block"? do russian businessmen lose their resolve?
[11:02] {nemo} no, they kill the opponent
[11:02] {Threei}  b,locking used to be very simple, and no nonsense like "trying'
[11:02] {nemo} pot long over .70?
[11:03] {Threei}  "see that man with machine gun? he has ordere to open fire if anyone goes through that door. Now, do we cancel that board meeting or what?"
[11:04] {davd} re pot - wheat and corn are weak
[11:05] {Threei}  so, in absence of food you think pot is the answer?
[11:06] {davd} yes cheaper to have the munchies today
[11:06] {Threei}  lol
[11:07] {Threei}  furthers... missed beautiful morning
[11:07] {RonS} freakin cyh making me dizzy dino
[11:07] {nemo} He was too busy selling funeral supplies
[11:08] {dino} lol ron, here i'm thinking its stuck, my stop is .09
[11:08] {RonS} cyh big diff v those appt traders
[11:08] {Threei}  6 wins, 2 stops
[11:09] {dino} ensg working by appt nicely
[11:09] {davd} lawsuits are crazy for stocks re cyh
[11:10] {davd} re wti - goldman report says wti down to 105?
[11:10] {dino} bwc drop
[11:11] {_furthers} 101 fever last night,, got up a 10am this morning... missed a good short...
[11:11] {dino} that sux
[11:12] {davd} actually - goldman says Brent to 105 (currently 120)
[11:13] {ese} thats a hefty increase
[11:14] {_indeed} looks like i missed a good open
[11:16] {dino} indeed
[11:16] {jfjf64} lol
[11:16] {RonS} nemo, you may find this interesting....http://tinyurl.com/6jc9n67
[11:17] {nemo} was just looking at that...
[11:18] {RonS} out cyh .25 to .36  +.11
[11:18] {dino} panl crushed last 5 days
[11:18] {dino} gj
[11:19] {RonS} claim panl on homeowner's insurance
[11:19] {Threei}  yes indeed
[11:19] {Threei}  I don't think activity is over yet though
[11:19] {dino} ensg to .86
[11:20] {_indeed} lots of downward pressures
[11:20] {Threei}  SPY should lose 131, make another leg down, then bounce should come in earnest
[11:20] {nemo} 130.82 or so is monthly pivot on spy 131.38 is weekly S1
[11:20] {Threei} Short Setup: SLW  42 break
[11:21] {nemo} 82.06 is monthly pivot on IWM and 82.24 is weekly S1
[11:21] {Threei}  stop above .10
[11:22] {Threei}  no rinsing SLW
[11:23] {Threei}  no go
[11:23] {dino} panl sm l .95 gappy
[11:25] {dino} ensg to .90
[11:29] {dino} mkt wants up
[11:30] {Threei}  I can't shake off the feeling that hard smackdown is coming as soon as this bounce starts looking like taking root
[11:30] {dino} ensg stall, to .95
[11:32] {RonS} gluu sm l .80
[11:36] {dino} out ensg .89, +.54, major slip
[11:36] {patience} nice
[11:37] {dino} ty
[11:37] {nemo} spy likely to .36 area IWM likely to descending vwam currently at .47
[11:37] {nemo} vwap
[11:37] {RonS} a slip on such a high vol stock?...sacre' bleu!
[11:38] {nemo} yeah T&S so fast makes me dizzy
[11:38] {Threei}  (JP) IAEA comments on nuclear incident in Japan; Fukashima and Chernobyl incidents are very different; there are large differences in the level of radiation released from the two plants
[11:38] {nemo} at this time
[11:38] {RonS} ok...what are they...
[11:39] {Threei}  well... for one, they spoke Ukrainian at one locale and Japanese at another...
[11:39] {RonS} so patience...you long slw...am hearing people noting siver relative price strength v oil and gold...
[11:39] {nemo} they drink Vodka one place and Sake the other
[11:40] {davd} lol
[11:40] {RonS} silver
[11:40] {Threei}  pullback time, IMO
[11:40] {Threei} Long Setup:  TZA  .35 break
[11:40] {Threei}  just a scalp most likely
[11:40] {Threei}  not like last time around
[11:41] {patience} still long, giving it more breathing space as opposed to this morning
[11:41] {Threei}  (GR) France Fin Min Lagarde: Greece will not require a debt restructuring as it will not go bankrupt - newspaper interview
[11:41] {RonS} lol
[11:41] {dino} lol, it will now definitely go bankrupt
[11:42] {dino} sort of like upgrading a stock when you are selling out
[11:42] {RonS} ...those French...
[11:45] {RonS} rvbd sm l .80
[11:46] {Threei}  TZA stop is .28
[11:47] {Threei}  NVDL Strength attributed to Israeli press article commenting on NovaDel's plans to release a generic spray version of Viagra as soon as next year
[11:47] {Threei}  spray?
[11:47] {Threei}  I can see mayhem on the streets
[11:47] {patience} cool
[11:47] {dino} panl stopped -.32
[11:47] {Threei}  as some damsel in distress mixes the mace and viagra in her purse
[11:48] {Threei}  and sprays her attacker with wrong one
[11:48] {nemo} yeah, one's for the bar, and one for the dark alley
[11:48] {dino} lol
[11:48] {patience} nope, he will think it is the room deodorizer in the bathroom when he is visiting it....hmmm....evil thoughts
[11:48] {davd} leno is gonna be all over this
[11:49] {Threei}  feel free to take profit TZA
[11:49] {Threei}  just a scalp
[11:50] {Threei}  out, taking back that stop on SLW
[11:51] {Threei}  if they tried their spray on their stock chart over last few days, it looks like working
[11:52] {_indeed} gives a whole new meaning to fib retracement
[11:52] {Threei}  lol
[11:56] {Threei}  wow TZA... more than I expected
[12:00] {dino} panl feels like 50 strike
[12:00] {RonS} out gluu .89 +.09
[12:01] {rambler} long SLW 42.09  stop 42
[12:02] {nemo} that's a good one rambler
[12:02] {nemo} set your stop and nap, it's lunchtime
[12:02] {rambler} sounds like a plan....
[12:03] {dino} avav sm l .51
[12:26] {dino}  that cyh sucks, takes me out at .09 and runs, three rinses today
[12:30] {davd}  Iceland's penis museum finally gets human specimen
[12:31] {Threei}  and a spray?
[12:31] {RonS} hard one to follow?
[12:32] {davd} stiff competition?
[12:35] {dino} ballsy move
[12:35] {RonS} lol
[12:35] {patience} limp conversation
[12:35] {nemo} don't quit your day jobs folks
[12:35] {dino} lol
[12:36] {jfjf64} 3i   dtop  mon
[12:36] {jfjf64} missed
[12:36] {jfjf64} grrrrrrrr
[12:36] {Threei}  yeah, .70 looked better as entry
[12:36] {Threei}  see if can get it on a bounce
[12:37] {Threei}  .85 stop
[12:38] {jfjf64} in .72
[12:38] {Threei}  from here, .70 breakdown
[12:38] {Threei}  or that
[12:38] {Threei}  stop is the same in either case
[12:40] {nemo} fingernail stock
[12:40] {jfjf64} lol
[12:41] {jfjf64} lot shares .85
[12:41] {jfjf64} i hope
[12:41] {jfjf64} lol
[12:45] {jfjf64} no go
[12:45] {RonS} snagged slw .13 to .26...good idea & thanks rambler
[12:46] {rambler} yw
[12:47] {Threei}  Ron... isn't it highly satisfying when a guy who came in the room less than 2 months ago, knowing nothing of our approach at the moment, is able to point out the play? :)
[12:47] {rambler} out SLW   +.25
[12:47] {Threei}  I for one feel very good about that
06[12:47] * Threei slaps rambler around a bit with a large roll of cash
[12:48] {rambler} get lucky once in a while...
[12:48] {dino} dino just slaps him
[12:48] {Threei}  whatever... dino is lucky day in day out for years
[12:48] {nemo} yeah, that's dino's line
[12:48] {Threei}  whatever works :)
[12:48] {dino} just bustin', he knows that, gj rambler
[12:48] {Threei}  oh, and rambler
[12:49] {rambler} thanks...
[12:49] {Threei}  don't even think of replacing "just lucky" line with "broken clock" one - nemo patented it
[12:49] {RonS} out rvbd .18  +.38
[12:49] {dino} gj
[12:49] {Threei}  you'll have to come up with your own
[12:49] {RonS} tks
[12:50] {Threei}  dart board is not taken, afaik... neither is 8-ball
[12:50] {Threei}  or tea leaves
[12:50] {dino} coin toss
[12:50] {Threei}  dice roll
[12:51] {Threei}  but I have dibs on "chicken entrails"
[12:51] {rambler} coin toss works....50/50
[12:52] {rambler} check out INVE   .....
[12:52] {dino} google contract
[12:53] {rambler} must be a good one.....
[12:54] {dino} tdsc break of .50 sm l
[12:57] {RonS} hearing slw ceo going on fast money cnbc...wonder which one...
[12:57] {patience} new one i would assume
[12:58] {Threei}  ese... look at AONE
[12:58] {Threei}  remember we were wondering about their CEO at the first day of their IPO
[12:59] {Threei}  I guess we spotted the problem right there
[12:59] {Threei}  for those who don't remember:
[12:59] {nemo} oh yeah
[12:59] {Threei}  guy came out on a FIRST day of IPO to say: we plan issuing more shares to raise capital
[13:00] {RonS} was his name Stoopid?
[13:00] {Threei}  opened around 20 is I remember correct
[13:00] {Threei}  that was last name... first was Seely or something like that
[13:01] {Threei}  to be fair, I don't have much faith in the whole industry
[13:01] {Threei}  but surely his approach couldn't help
[13:02] {ese} ya i remember that vad......the day after the IPO he starts shooting his mouth off about diluting the shs of the company...........smooooooth.....real amooth
[13:02] {RonS}  ACiG Technology, a supplier and distributor of RFID products and a business unit of Identive Group (INVE), announced that is has been selected as the exclusive supplier of near field communication RFID stickers for the roll out of Google's marketing campaign for Google Places in Austin, Texas.
[13:03] {Threei}  well... his parents are at fault obviously... Seely Stoopid, what did you expect
[13:05] {rambler} scalped INVE for .22...keeps going
[13:10] {Threei}  somewhat quirky line on TV
[13:10] {Threei}  Mubarak in hospital - underwent gallbludder surgery last year
[13:11] {Threei}  and landed in hospital only now??
[13:11] {RonS} something left behind?
[13:11] {Threei}  lol
[13:15] {RonS} x looking fugly
[13:16] {_furthers} i am here
[13:17] {_furthers} traded RIMM for 14 c profit
[13:17] {_furthers} long
[13:17] {RonS} otherwords, look no farther?
[13:17] {_furthers} RIMM trending up on the 1min.  bulled back to the 50 min
[13:29] {RonS} dino, check lft...
[13:29] {RonS} LFT
[13:31] {davd} jpm is green
[13:31] {RonS} jpm reports a.m.
[13:32] {davd} yes, look at loan growth and credit quality
[13:32] {rambler} back in INVE  scalp for .18
[13:33] {RonS} what dino said re that joint in iceland...
[13:35] {dino} hhc sm l .00
[13:35] {dino} looked earlier at lft, china issues
[13:36] {RonS} looked earlier hhc, thought he was dead
[13:36] {dino} lol
[13:41] {rambler} gotta run, thanks Vad, cya all.......
[13:42] {dino} cya
[13:42] {Threei}  take care rambler
[13:45] {ese} cya all.....just a busy week for me all around doing more watchin than tradin
[13:45] {Threei}  see you ese
[13:45] {dino} cya
[13:46] {nemo} C&H slw?
[13:47] {nemo} yep
[13:48] {dino} out hhc .37, +.37
[13:48] {RonS} x too?
[13:48] {dino} 07 all green
[13:54] {Threei}  (US) White House: President Obama will take a "balanced approach" in budget speech on Wednesday - answer to a question whether taxes will be addressed in speech
[13:55] {RonS} just has an involuntary pucker...
[13:58] {RonS} index futes above vwap
[13:58] {nemo} iwm over .50 probably runs to at least .65 perhaps .75
[14:01] {dino} ron, lft now getting interesting imo
[14:01] {patience} pulling a profit out of the market today is like work
[14:02] {dino} i hear ya patience, rinses
[14:02] {patience} up a grand total of $196, but it is a profit   :)
[14:03] {patience} going to mexico, needs some spending money
[14:03] {RonS} hearing LFT changing name to Nobottom...
[14:04] {dino} lol
[14:04] {dino} have fun patience, be careful in mexico
[14:09] {nemo} spy and iwm broke channels
[14:09] {nemo} anybody for green today?
[14:09] {Threei}  no way
[14:09] {Threei}  beer bet?
[14:10] {Threei}  6 bottles of Innis&Gun on red
[14:13] {Threei}  hmmm
[14:13] {Threei}  no takers
[14:14] {dino} gut says close near lod
[14:15] {patience} i agree, feels like stocks are pinned to the lows
[14:16] {patience} at least the ones i trade
[14:16] {dino} ;)
[14:19] {Threei}  Monsanto Co Ticks lower on financial press report citing sources that say BASF not interested in Monsanto- REMINDER: earlier there were rumors circulating again BASF was eyeing MON
[14:25] {davd} financials green
[14:35] {Threei}  Senate Minority Leader McConnell (R-KY): Democrats will need to provide important, measurable concessions in order to for Republicans to vote in favor of raising US debt limit
[14:35] {Threei}  - Believes it is about time for the White House to addresss entitlement spending.
[14:41] {RonS} doing the Fred Sanford?:  Former Egyptian President Hosni Mubarak Reportedly Suffers Heart Attack During Questioning.
[14:44] {nemo} FAST
[14:45] {dino} fast odd, beats and raises guid.
[14:46] {gregns}    for those that are on mirc, do you pay for it after the trial period ?    
[14:46] {nemo} no, got your credit card and used that
[14:47] {dino} fast gap at 64
[14:47] {gregns} huh , nemo?
[14:47] {nemo} what is it $10 or $20?
[14:47] {nemo} busting greg
[14:47] {Threei}  greg, you don't have to
[14:47] {Threei}  it will just nag you every time you open it
[14:47] {gregns} hey you better watch it, nemo
[14:47] {Threei}  but otyher than that, everything will work
[14:48] {nemo} and if you can put up with your wife
[14:48] {gregns} ok, vad , thanks for the straight answer
[14:48] {RonS} lol
[14:48] {nemo} then I paid for it for nothing...oy vay
[14:48] {RonS} me too ...vay oy
[14:49] {nemo} FAST coming into day's lows
[14:49] {RonS} slowly
[14:50] {RonS} dange of getting rinsed...they sell washers you know...
[14:50] {dino} lol
[14:50] {nemo} ese....rim shot
[14:52] {dino} fast sm l .22
[14:54] {RonS} 36 p/e for a seller of hardware?  sheesh
[14:56] {dino} tyc spike
[14:58] {RonS} Talk from the City: Schneider Electric rumoured to have made $30bn takeover approach for Tyco
[14:58] {RonS} ...from UK Telegraph
[14:59] {davd} in fast .25
[15:07] {dino} well, its sure not a fast mover
[15:07] {nemo} not much moving right now
[15:07] {davd} at this rate we might get the 28c dividend
[15:08] {dino} lol
[15:08] {davd} stop laughing just moved!
[15:13] {Threei} Short Setup: SLW  .50 break
[15:14] {davd} stopped fast .16
[15:14] {dino} its a dog
[15:14] {davd} sorry still in
[15:14] {davd} but my stop is .16
[15:14] {nemo} LOD is .12
[15:15] {RonS} tyc says it will sell at $65
[15:15] {davd} moved fast stop to lod
[15:16] {davd} still in fast
[15:17] {dino} y
[15:17] {dino} tyc hod again
[15:18] {RonS} avl ree moving
[15:20] {dino} fast stop -.12
[15:21] {jfjf64} in
[15:21] {nemo} in what
[15:21] {Threei}  not a scalp
[15:21] {Threei}  should be good for more
[15:21] {davd} stopped fast -.12
[15:22] {jfjf64} you driving
[15:22] {Threei}  1;1
[15:24] {jfjf64} you bring stop to b/e or leave .60
[15:24] {Threei}  .52
[15:25] {RonS} vhc blood
[15:25] {Threei}  don't want to give it all back if market snaps back up
[15:28] {Threei}  1:2
[15:29] {Threei}  stop to .45 for the balance
[15:29] {gregns} ty, on this i was not patient, darn
[15:32] {Threei}  1:3
[15:32] {Threei}  out
[15:33] {jfjf64} ty
[15:34] {dino} fast rinse, that makes 4 today
[15:34] {gregns} Vad, can you explain setup please? were you short biased because you thought market was going down
[15:34] {jfjf64} bounce time
[15:35] {dino} avav to .59
[15:35] {dino} back in ten or so
[15:38] {jfjf64} slw  /spy   like twins
[15:39] {Threei}  look at 1 min on SPY and SLW greg
[15:39] {Threei}  131.5 support
[15:39] {Threei}  and 42.5 support
[15:39] {Threei}  clean nice DBI setup
[15:39] {Threei}  SPY leads, SLW follows
[15:39] {Threei}  plus general negativce sentiment, I don't view it as worked out already
[15:40] {Threei}  so dive into eod is likely
[15:40] {gregns} ty
[15:41] {nemo} TYC short under 52?
[15:42] {Threei}  not sure
[15:42] {Threei}  smallish shares, maybe
[15:42] {nemo} yeah, quite the battle ground there, if it drops it, might not have a chance to get in
[15:44] {dino} avav stopped +.07
[15:47] {nemo} not giving up that level without a fight
[15:48] {RonS} the call volume in tyc is pretty astounding
[15:53] {Threei}  ok guys, very nice day today
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a great evening, see you tomorrow
[15:53] {jfjf64} enjoy  ty

Monday, April 11, 2011

Apr 11 2011

Better day with a few nice winning trades on a short side, but still, wins and stops traded jabs for the most part of the day. Normal pattern when the market goes through a change.

Session Start: Mon Apr 11 01:19:36 2011

[08:55] {Threei}  BLTXX Baltic Dry Bulk index declines approx 1% (10th straight decline)- Index stands at 1,359.
[08:57] {Threei}  G20 to weigh currency reforms and consider rules for FX devaluation at this week's meeting
[08:57] {Threei}  - financial press citing German official- G20 will also weigh guidelines for drawing developing world currencies more fully into a global system dominated by the dollar, euro, yen and pound.
[08:57] {Threei}  - US and Japan do not have effective medium term strategy for budget consolidation
[08:57] {Threei}  **Reminder: G20 representatives to gather in Washington, D.C., for the spring meeting this week
[09:00] {Threei}  (GE) Geman Foreign Ministry: Germany opposes idea of a tax for financing the EU budget
[09:00] {Threei}  lol, really?
[09:12] {nemo} wow BIIB
[09:14] {Threei}  Phase III trial met endpoints
[09:14] {RonS} gm everyone
[09:14] {Threei}  Ron :)
[09:14] {larisa} gm :)
[09:14] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:17] {ese} morning
[09:17] {Threei}  ese :)
[09:18] {gen} gm all
[09:18] {Threei}  gen :)
[09:18] {ese} gen
[09:18] {ese} vad
[09:18] {gen} :)
[09:19] {rambler} goodmorning .....
[09:19] {Threei}  rambler :)
[09:19] {Threei}  is dino back tomorrow?
[09:21] {Threei}  only in Canada - election TV debate by party leaders has been bumped to another day by guess what? Hockey translation
[09:21] {Threei}  not TV translation of a debate, mind you - debate itself
[09:22] {larisa} Obama posponed his speach I think for Lost finale :)
[09:22] {ese} ya...somethings out of wack thats for sure vad
[09:22] {Threei}  really?
[09:22] {Threei}  well ese, at least that shows clearly where the priorities are, eh? :)
[09:23] {ese} boy does it
[09:24] {ese} when hockey starts to take the place of the actual well being of the country....one has has to wonder what the H were doing here
[09:25] {Threei}  RIMM
[09:25] {Threei}  watching it as a short target
[09:26] {Threei}  SPY daily runs into resistance, and gap up today looks anemic
[09:27] {Threei}  so far, focusing on two possible shorts near the open
[09:27] {Threei}  RIMM
[09:27] {nemo} mcp ready to break again
[09:27] {Threei}  SLW
[09:27] {Threei}  RIMM speard is way too wide for now
[09:27] {Threei}  hopefully we get some consolidation on both before breakdown
[09:27] {RonS} mcp target raised at jpm $90
[09:29] {Threei}  if we get better spread on RIMM. 65 break looks like trigger
[09:29] {Threei}  let's keep things to halkf lot for now
[09:30] {Threei}  SLW is not clear yet
[09:30] {Threei}  could be a long on .20 break just as well
[09:30] {jfjf64} yello
[09:30] {Threei}  jf :)
[09:31] {Threei} Short Setup: RIMM  .75 break
[09:31] {Threei}  if stays under .85
[09:32] {Threei}  1:1
[09:32] {Threei}  1:2
[09:32] {jfjf64} niceeeeeeeeeeeeeeee
[09:32] {Threei}  missed SLW
[09:33] {Threei}  couldn't see clean trigger, too jerky
[09:33] {Threei}  switching to bounce hunt on it
[09:34] {Threei} Long Setup:  SLW  .50 break
[09:35] {ese} L klic .01
[09:35] {Threei}  nope, SLW'
[09:36] {patience} in hgd full lot (short etf)
[09:37] {ese} sm
[09:37] {Threei} Long Setup:  X  .20 break half lot
[09:38] {Threei}  stop under .10 for scalpers, .05 day traders
[09:38] {Threei}  traget .50
[09:40] {Threei}  someone unplugged the market
[09:41] {patience} short slw a bit ago....full lot....on the u.s. side....no coffee makes you do interesting things
[09:42] {ese} out klic .95 -.06 it's goin nowhere
[09:43] {nemo} rinse X
[09:43] {Threei}  yeah
[09:44] {RonS} took x .21 to .48 thanks 3i
[09:44] {Threei}  :)
[09:46] {Threei} Long Setup:  RIMM  .80 break
[09:46] {nemo} too messy for me
[09:48] {Threei}  let's recalibrate it to .70 break
[09:48] {Threei}  if stays above .60
[09:49] {Threei}  1:1
[09:49] {nemo} in slw .31
[09:51] {nemo} 1/2 .51
[09:51] {Threei}  wtg
[09:51] {nemo} wanna know something else, I double tapped the out and went short by accident, picked up .10 on the down side
[09:52] {Threei}  yikes
[09:52] {RonS} ese, opinion on ne?
[09:53] {Threei} Short Setup: BIIB  .80 break half lot
[09:53] {RonS} NE
[09:53] {ese} hey ron sorry was about to ask patience her opinion on AUY
[09:54] {ese} I would have done it for a quick .05 hit if volume was right
[09:54] {nemo} why BIIB up anyway?
[09:55] {Threei}  [09:14] {Threei} Phase III trial met endpoints
[09:55] {Threei}  stop above 77, target is under .50
[09:56] {Threei}  thin one
[09:56] {rambler} bot IDT 30.25  stop 30.00
[09:56] {ese} L AVL .00
[09:56] {ese} 1/2
[09:59] {jfjf64} comon  biib
[09:59] {jfjf64} dieeeeeeeeeeeeeeeeeee
[10:01] {Threei}  *IMF UPDATES WORLD ECONOMIC OUTLOOK
[10:01] {nemo} ree .61
[10:01] {Threei}  *IMF: Oy Vey
[10:02] {Threei}  1:1 BIIB
[10:02] {Threei}  half out
[10:02] {RonS} got biib .78 to .52  thanks 3i
[10:02] {Threei}  :)
[10:03] {Threei}  lose that .50
[10:03] {Threei}  and the bottom is nowhere to be seen
[10:03] {jfjf64} niceeeeeeeeeeee
[10:03] {Threei}  here we go
[10:03] {Threei}  1:2
[10:07] {Threei} Short Setup: RIMM  .40 break
[10:07] {jfjf64} you out biib
[10:07] {Threei}  if not going over .50 anymore
[10:07] {Threei}  hit target
[10:07] {Threei}  [09:55] {Threei} stop above 77, target is under .50
[10:08] {nemo} maybe reshort under .40 next short target would be around 78
[10:10] {Threei} Short Setup: SLW  .50 break
[10:12] {nemo} spy at daily and weekly pivot
[10:12] {Threei}  *IMF UPDATES WORLD ECONOMIC OUTLOOK: SEES 2011 WORLD ECONOMIC OUTPUT +4.4% v +5.0% y/y; 2012 +4.5%
[10:14] {rambler} stopped on IDT...good thing
[10:15] {Threei}  let's scratch SLW
[10:15] {Threei}  unlcear here
[10:16] {Threei}  come on RIMM, lose that .35 finally
[10:19] {Threei} Short Setup: X  .20 break
[10:20] {Threei}  stop above .30
[10:21] {Threei}  let's cover RIMM
[10:21] {nemo} wow MCP getting the redheaded stepchild treatment
[10:21] {Threei}  chart looks weird - price part is still good, volume is very strange
[10:22] {Threei}  chart looks weird - price part is still good, volume is very strangeX 1:1
[10:22] {Threei}  oops
[10:22] {Threei}  X 1:1
[10:22] {nemo} weird DOW still strong
[10:25] {nemo} cyh halted
[10:26] {Threei}  circuit breaker
[10:26] {Threei}  ugh... look SLW
[10:27] {rambler} check out  LLEN....ouch..!
[10:28] {Threei}  one of small chinese stocks, with all kinds of suspicions over the way they operate
[10:31] {nemo} IWM approaching Friday low
[10:32] {nemo} MCP coming in on a DB, think it might bounce around 60.90, worth a watch
[10:32] {nemo} 69.90 that is
[10:35] {jfjf64} cat  wow
[10:35] {Threei}  watching it too jf
[10:36] {Threei}  just can't make up my mind about market overall here
[10:36] {nemo} that may be it, IWM just touched it's Friday low and spy is back above pivot...and whaddya know it's 10:30
[10:36] {Threei}  nervous jumps both ways
[10:36] {jfjf64} jnj  dtop
[10:36] {jfjf64} ?
[10:38] {davd} jnj drop - i'm going out on a limb and guessing - recall?
[10:38] {davd} its a daily occurence - generally occurs the day after i buy it
[10:39] {Threei}  jf, looks so... can't see clean trigger though
[10:40] {davd} L apol 42.4 small
[10:44] {jfjf64} was wishing for pop  up   jnj
[10:45] {jfjf64} mon
[10:45] {jfjf64} dtop
[10:48] {Threei}  CYH hatled 5th time
[10:49] {nemo} I have mon support right here
[10:49] {Threei}  traders must be annoyed beyond comprehension
[10:49] {nemo} it's trading
[10:50] {nemo} CREE C&H Vad?
[10:50] {Threei}  (SP) IMF Official: Spain has taken big steps toward resolving its economic problems, housing prices have some way to go although banks will handle the situation well
[10:50] {Threei}  - Notes that so far bailouts have been very good deals for Greece and Ireland.
[10:50] {Threei}  CREE, worth a try
[10:51] {Threei}  those are brief hatlts
[10:54] {Threei}  inva;idated, CREE
[10:55] {ese} stop to 9.87 AVL
[11:00] {gregns} slw break of .40 ?
[11:00] {jfjf64} jnj  grrrrrrrrrrrrrrrrr
[11:00] {Threei}  not delighted greg...
[11:00] {nemo} jf?  when you get here?
[11:01] {Threei}  .50 break long looks better to me
[11:02] {gregns} ty
[11:02] {nemo} crissakes, summer trading already
[11:03] {patience} 3rd time shorting slw....let's see if i can make some decent money on this scalp
[11:04] {nemo} just read there's a 103 year old judge still hearing cases in a Wichita, Kansas federal court...wow
[11:05] {Threei}  hope he made up his mind on the whole slavery thing?
[11:07] {Threei}  1:1 greg
[11:07] {Threei}  looks capable of more than scalp to me
[11:08] {gregns} ypup, got it
[11:09] {Threei}  around .75 I'd be fully out
[11:10] {nemo} LVS interesting
[11:11] {nemo} vwap .12 though
[11:18] {Threei}  not bad LVS
[11:18] {Threei}  you were right
[11:25] {Threei}  Reports of an explosion at a subway station in Minsk, Belarus; some injuries reported
[11:35] {Threei}  scalpers win, SLW
[11:35] {ese} am outta here ....it's pro D day at my school...cya tomorrow
[11:35] {Threei}  take care ese
[11:36] {Threei}  what's pro D?
[11:40] {rambler} 'professional development'...i.e. day off
[11:40] {Threei}  lol
[11:40] {rambler} usually a friday or a monday.....
[11:42] {Threei}  no one wants to dcevelop professionaly at their own free time, eh
[11:42] {RonS} aapl lod
[11:45] {Threei} Long Setup:  LVS  .20 break
[11:48] {Threei}  if loses .10, rather look fior entry near .44 for bounce
[11:58] {Threei}  44 cross long for a scalp, if SPE reverses
[11:58] {Threei}  SPY
[12:00] {nemo} jeez cstr
[12:00] {davd} oil lod re uso
[12:03] {Threei}  if SPY double-bottoms here, LVS should provide a scalp
[12:03] {Threei}  44 break, just a scalp
[12:04] {Threei}  if stays above .95
[12:06] {Threei}  SLW watch for short entry if bounces closer to .50
[12:06] {Threei}  LVS invalidated
[12:07] {nemo} btw, if you're interested in playing tza, if iwm breaks the lows, next support is at .10
[12:08] {nemo} check that, could be a stop at .27 on iwm
[12:09] {Threei}  no chance SLW, straight down
[12:16] {Threei}  (US) Fed Vice Chair Yellen: Easy money policies are still needed
[12:16] {Threei}  a sharp economic rebound in the US is unlikely
[12:17] {nemo} wow, you need to be an economist to figure that out...she must be blonde
[12:17] {gregns} SLW recross .10 if holding .00??
[12:17] {Threei}  lol
[12:17] {Threei}  no greg
[12:17] {Threei}  market is losing ground
[12:17] {dino} afternoon all
[12:17] {Threei}  chances to get caught in a selloff is greater than to catch a bounce
[12:17] {RonS} hi dino
[12:17] {Threei}  dino, welcome back
[12:17] {Threei}  how was the vacation?
[12:18] {dino} great
[12:18] {Threei}  I'd rather hunt for shnort on SLW
[12:18] {Threei}  look at GLD
[12:18] {dino} tdsc
[12:19] {dino} sm l .45 gappy
[12:20] {nemo} dino, how was your long weekend?
[12:20] {_furthers} test
[12:20] {Threei}  passed
[12:21] {Threei}  with flying colors
[12:21] {Threei}  hi furthers
[12:21] {dino} fun nemo
[12:21] {nemo} cool
[12:21] {Threei} Short Setup: SLW  .15 break
[12:21] {patience} i'm still in slw, double lot
[12:21] {Threei}  stop above .25
[12:22] {_furthers} hey
[12:22] {nemo} whaddya' want feathers?
[12:23] {_furthers} I am in the test mode
[12:23] {_furthers} just checking things out
[12:23] {RonS} so...if further beyond farther?
[12:23] {RonS} is
[12:23] {Threei}  - Commodity prices are being driven by global supply and demand issues. Does not expect high commodity prices to impair the economic recovery.
[12:23] {Threei}  - Loose Fed policy is still needed due to high levels of unemployment and low levels of inflation.
[12:23] {nemo} ahhhh....funeral supplies
[12:23] {_furthers} only when you say I DO!
[12:23] {_furthers} :-)
[12:24] {_furthers} back to business,,, RIMM
[12:24] {_furthers} short???
[12:24] {nemo} got anything written in the Mordor tongue?
[12:25] {Threei}  .30 break RIMM, yeah, worth a try
[12:25] {nemo} I'm seeing bottoming in the indexes
[12:26] {Threei}  could be
[12:26] {Threei}  hard to tell
[12:26] {Threei}  last 30-40 min bounces are met with sharp selling
[12:27] {RonS} but now dino is here...
[12:27] {dino} ensg
[12:27] {_furthers} every day last week market started up and ended down
[12:30] {nemo} SPY has weekly pivot at .04 and daily at .05, vwap is .12 and descending
[12:34] {Threei} Short Setup: FCX  .60 half lot
[12:34] {Threei}  if stays under .75
[12:35] {Threei} Short Setup: X  .20 break
[12:35] {Threei}  if stays under .30
[12:38] {Threei}  let's roll over and die, market
[12:38] {Threei}  this is what you set up to do
[12:38] {jfjf64} yes
[12:38] {Threei}  just do it
[12:39] {Threei}  good boy
[12:39] {Threei}  X 1:1
[12:39] {Threei}  FCX 1:1
[12:40] {Threei}  hmmm
[12:40] {Threei}  is SPY boy or girl?
[12:41] {Threei}  no news for this selloff
[12:41] {Threei}  non that I see anyway
[12:41] {Threei}  FCX almnost 1:2
[12:41] {Threei}  feel free to cover
[12:41] {Threei}  X 1:2
[12:41] {Threei}  out
[12:42] {Threei}  out FCX too
[12:42] {dino} tdsc stoppeed
[12:42] {jfjf64} ty
[12:42] {Threei}  yw
[12:42] {Threei}  day looks much brighter
[12:42] {patience} "smart money" commercial hedgers getting suddenly a fair bit more bearish in their net futures and options positioning as a percentage of the total open interest
[12:42] {RonS} got fcx s .58 to .28 thanks 3i
[12:42] {Threei}  :)
[12:42] {patience} they moved from positions in precious metals to cash
[12:44] {Threei}  sizeable bounce... cover was timelyt
[12:45] {Threei}  friking SLW
[12:45] {Threei}  this one got away
[12:45] {Threei}  by just a few cents
[12:45] {patience} sold half slw
[12:46] {RonS} wassup w/ the .vix?  down w/ market?
[12:46] {dino} ensg sm l .65
[12:46] {Threei}  lol Ron
[12:46] {Threei}  weird eh
[12:47] {RonS} very
[12:54] {nemo} mon interesting volume right here
[12:55] {patience} out of slw, watch for a bounce, get back in later
[12:59] {Threei}  SPY, db or breakdown
[12:59] {Threei}  my bet is breakdown
[12:59] {Threei} Short Setup: X  52 break
[13:00] {Threei}  .05 is closest resistance...
[13:00] {Threei}  looks a bit too tight for a stop though
[13:01] {Threei}  ugh... what is it with me and SLW today, missed again... thought of .60 short trigger
[13:02] {Threei}  let's keep X stop .06
[13:04] {Threei}  (US) Fed's Yellen: Does not expect any significant market reaction to the end of QE2 buying in June - Q&A
[13:04] {Threei}  - Fed bond sales may pressure markets, Fed will need to gradually sell off its holdings at a predictable pace.
[13:04] {Threei}  - Value of the USD influences commodity prices.
[13:04] {Threei}  - Unemployment rate has fallen by a surprising amount.
[13:05] {Threei}  Value of the USD influences commodity prices.
[13:05] {Threei}  you don't say
[13:05] {Threei}  yet same Fed speaker said a few min earlier:
[13:05] {Threei}  - Commodity prices are being driven by global supply and demand issues
[13:05] {Threei}  sigh
[13:06] {Threei}  - Fed bond sales may pressure markets, Fed will need to gradually sell off its holdings at a predictable pace.
[13:07] {RonS} who books that loss?
[13:07] {Threei}  good question
[13:07] {Threei}  increasingly seems to me, Fed has peinted themselves in the corner
[13:08] {nemo} No...they've painted us into a corner
[13:08] {Threei}  and unless they find some surprizing way to unwind the whole thing, it may very well be the end of Fed
[13:08] {Threei}  dunno nemo... this time they went too far to surive it seems
[13:09] {Threei}  we are screwed either way, no question about that
[13:09] {Threei}  but every time before we were the only ones... this time they may sink with us
[13:10] {Threei}  have a look at this
[13:10] {Threei}  no go X
[13:10] {Threei}  "Federal Reserve has already pushed its balance sheet to a point where it is leveraged 50-to-1 against its capital ($2.65 trillion / $52.6 billion in capital as reported the Fed's consolidated balance sheet ). This is a greater leverage ratio than Bear Stearns or Fannie Mae, with similar interest rate risk but less default risk.
[13:10] {Threei}  The Fed holds roughly $1.3 trillion in Treasury debt, $937 billion in mortgage securities by Fannie and Freddie, $132 billion of direct obligations of Fannie, Freddie and the FHLB, and nearly $80 billion in TIPS and T-bills. The maturity distribution of these assets works out to an average duration of about 6 years, which implies that the Fed would lose roughly 6% in value for every 100 basis points higher in long-term interest rates.
[13:10] {Threei}  Given that the Fed only holds 2% in capital against these assets, a 35-basis point increase in long-term yields would effectively wipe out the Fed's capital."
[13:12] {nemo} BOHICA!
[13:13] {RonS} but can't they hold them to maturity and let them roll off?
[13:13] {nemo} not if the underlying instruments default
[13:14] {Threei}  with rising rates, interest will become a problem quickly I assume
[13:14] {nemo} that'll drive the yields up
[13:14] {Threei}  plus what nemo said
[13:15] {RonS} oil softening now 110.38
[13:15] {dino} i see rinses are still occurring, tdsc
[13:16] {davd} i subscribe to art cashen statement "no point betting on the end of the world - it only happens once and if you are right the money you make isnt worth anything anyway"
[13:16] {Threei}  lol
[13:17] {RonS} Lew Reed
[13:17] {RonS} Lou
[13:17] {RonS} "send lawyers, guns and money"
[13:18] {nemo} that would be lawyers, guns and Federal Reserve brand Charmin...60 grit
[13:19] {RonS} oil 110.12
[13:20] {RonS} setting up to print an outside reversal
[13:21] {Threei}  wow
[13:21] {Threei}  sharp drop oil
[13:21] {davd} vix hod RonS :D
[13:21] {RonS} ya but it should be over 18
[13:22] {Threei}  Nissan Motor Co Ltd Customers in US and Japan have indicated electic Leaf vehicles sometimes fail to start - Nikkei News
[13:22] {RonS} rotflol
[13:22] {Threei}  Nissan: plug it in dummies, don't try to pour gasolin the battery!
[13:23] {Threei}  Dummies: oops...
[13:24] {RonS} dummies: but my power comes from the shuttered nuclear plant
[13:24] {Threei}  Nissan: you wanted electric - you got electric. Want a coal? we can provide that too
[13:25] {RonS} dummies:  i can fix it w/ my portable generator...
[13:25] {Threei}  shovel comes as a free gift
[13:25] {davd} they think they are better than us gas guzzlers. :(
[13:25] {Threei}  dummies? of course
[13:26] {Threei}  they think they are better than anyone else, as long as they paint their forehead green
[13:27] {RonS} once my dad bought my mom a coal shovel for birthday gift
[13:27] {dino} lol
[13:27] {RonS} as endearment he carved her name in the handle
[13:27] {RonS} they are coming up on 60th anniversary
[13:27] {nemo} is there an imprint of his head on it?
[13:28] {Threei}  forgive me for asking but... did it end in an extended hospital stay or funeral?
[13:28] {dino} lol
[13:29] {Threei}  the best gift idea I ever came up with was to cancel that kitchen garburator...
[13:32] {RonS} oil bounced off 109.60 and putting on a run
[13:34] {RonS} 3i...this from GS...
[13:34] {Threei}  SLW
[13:34] {Threei}  another sharp drop
[13:34] {RonS} We are closing our CCCP basket trade, first recommended on December 1, 2010, for a gain of roughly 25% against our 28% target. This recommendation was premised on our belief that Crude Oil, Copper, Cotton/Soybeans and Platinum remain the key structurally supply-constrained markets. On a 12-month horizon we believe the CCCP basket still has upside potential, b
[13:35] {RonS}  but the unrest in the Middle-East and North Africa region, and the potential for further supply shocks pushed the basket up significantly in a short period and our Commodity Research team believes that in the near term the risk/reward no longer favours being long the basket and consequently, we are closing the recommendation with good potential gains. While
[13:35] {Threei}  think this is what kills materials today?
[13:35] {RonS} While crude oil, cotton and copper prices have substantially exceeded our targets, platinum and soybean prices have lagged.
[13:36] {RonS} i thought u would like the CCCP moniker
[13:36] {Threei}  ahhh
[13:36] {Threei}  lol
[13:39] {Threei}  Community Health Systems Inc Tenet allegations are without any merit and baseless - CNBC-designed to distract Tenet shareholders from CYH's takeover offer
[13:39] {Threei}  CYH
[13:40] {RonS} ...well...it worked today...
[13:40] {nemo} and still is
[13:42] {nemo} It might be bounce time for slw in the .60 to .79 range
[13:42] {nemo} .70
[13:42] {patience} totally
[13:43] {nemo} wonder if wine will clear up a stuffy nose
[13:44] {Threei}  nice bounce CYH
[13:44] {RonS} only if you snort it
[13:44] {patience} put it in  a netti pot
[13:44] {nemo} Yeah...peruvian chardonnay
[13:45] {dino} just drink some whiskey
[13:45] {RonS} took a second...lol
[13:45] {nemo} DT LVS?
[13:45] {Threei}  feels to me like long on 44 reak rather
[13:45] {nemo} yeah, the good old days I'll be glad to never see again
[13:47] {nemo} slw at trend and horizontal resistance
[13:47] {patience} haven't seen stoch turn yet
[13:47] {nemo} on what time frame?
[13:48] {nemo} you've got increasing volume here
[13:48] {patience} yup
[13:49] {dino} out esng .96, +.31
[13:50] {patience} watching hourly and 30 min nemo
[13:51] {nemo} ahhh, I'm watching 1 and 3
[13:51] {patience} in, but feels sloppy still
[13:52] {nemo} indexes haven't made up their minds
[13:57] {nemo} doesn't look so sloppy now
[13:57] {nemo} stop around .25 I would think
[13:57] {patience} i'm up .16 cents
[13:58] {nemo} oh
[13:58] {patience} was
[14:04] {dino} giddy-up tdsc
[14:04] {nemo} slw pennant
[14:05] {Threei}  anyone scalped LVS?
[14:05] {Threei}  44 break, hit 1:1
[14:06] {patience} nemo, what does that mean
[14:06] {nemo} it's about to decide, pennant formation usually means imminent break one way or another
[14:07] {RonS} ran tdsc from 49.45 to 50.40  thanks dino
[14:07] {nemo} has pivot support at .33
[14:07] {Threei}  LVS continues
[14:07] {dino} out tdsc .45, +.94
[14:07] {Threei}  wtg dino
[14:07] {dino} gj ron, i took the .51 break
[14:07] {patience} ty
[14:07] {patience} lovely dino
[14:08] {dino} ty
[14:08] {Threei}  market finally found the bottom, but I wouldn't call it a confident bouncer
[14:08] {dino} must be the tan helping me
[14:08] {Threei}  sellers are waiting rifght around the corner
[14:13] {nemo} cyh interesting here
[14:14] {nemo} jumped my bid at .52
[14:17] {nemo} 1/2 out .63
[14:17] {dino} wow 51 tdsc
[14:19] {patience} out with 25 bucks, market in tsx feels down
[14:20] {nemo} spy to 133.05
[14:20] {nemo} iwm around .75
[14:22] {nemo} 1/4 more .75
[14:22] {nemo} cyh
[14:23] {nemo} wtf bidu
[14:23] {Threei}  Facebook
[14:23] {Threei}  denying report about deal
[14:24] {dino} sina
[14:24] {RonS} lol...Zuckerberg selling to the Chinese would be the best deal since Mark Cuban sold his company for a $1 bi
[14:24] {nemo} stop at b/e cyh
[14:25] {RonS} re-patriate some $
[14:26] {RonS} or maybe he wold insist on yuan...
[14:26] {RonS} would
[14:27] {nemo} out last 1/4 cyh
[14:29] {Threei} Long Setup:  SLW  .05
[14:31] {Threei}  invalidated but not off radar
[14:32] {Threei} Long Setup:  SLW  .95 break
[14:32] {Threei}  if holding .85
[14:33] {Threei}  target is about 45.20
[14:34] {Threei}  invalidated
[14:35] {Threei}  those sellers from around the corner are here
[14:36] {Threei}  Earlier this morning there were reports in the Chinese press that Baidu had struck a deal with Facebook to launch a social media site in China. Note that Facebook CEO Zuckerberg met with Baidu execs during a trip to China last year.
[14:36] {davd} gold lod re gld
[14:37] {Threei}  China turned into gigantic rumor mill, with millin scalpers at each location, spreadi rumors and pushing buttons
[14:38] {nemo} .50 bid slw
[14:39] {Threei} Long Setup:  SLW  .60 break
[14:40] {Threei}  just a scalp most likely
[14:42] {davd} oil sitting at lod re uso
[14:42] {nemo} if that .50 drops, look out
[14:42] {Threei}  and SPY is testing support
[14:42] {nemo} maalox trade
[14:43] {Threei}  yeah, not holding
[14:44] {nemo} frankly, thought it would drop faster, but indexes holding
[14:45] {davd} uso now at lod
[14:45] {nemo} if, Libya truce holds, that will start dropping consistently
[14:45] {nemo} imo of course
[14:46] {davd} so my earnings are linked to khadaffi?
[14:46] {Threei}  lol
[14:46] {nemo} gettomg a supoort level in slw
[14:46] {nemo} not any more
[14:51] {rambler} MELA pops on vol...
[14:52] {dino} efii
[14:52] {davd} gld gap to 142?
[14:57] {davd} tza hod
[14:59] {nemo} spy nearing Friday low
[14:59] {RonS} snagged ensg from 30.98 to 31.45  thanks dino
[15:00] {Threei}  last hour... bounce or selloff
[15:00] {davd} bounce, mf inflows
[15:00] {davd} imo
[15:00] {Threei}  mf?
[15:00] {RonS} fute order flows say down
[15:01] {Threei}  my gut feeling is selloff
[15:01] {Threei}  but davd called me a mf...
[15:01] {RonS} hehe
[15:02] {davd} mf - mutual funds - what i should have stuck with 20 years ago
[15:02] {nemo} what's your mother look like...not necessarily a bad thing, ask Oedipus
[15:02] {davd} lol
[15:02] {Threei}  anyway,
[15:02] {Threei} Short Setup: GLD  .45
[15:03] {Threei}  if stays under .55
[15:04] {Threei}  1:1
[15:05] {RonS} big buyer just came into SP futes
[15:05] {nemo} you have weekly and daily support at .12 on spy
[15:05] {RonS} sometimes they get overwhelmed by selling but the price they show up is usually the close...or higher
[15:06] {gen} bye everybody
[15:06] {patience} tsx down 242
[15:06] {gen} :)
[15:06] {Threei}  take care gen
[15:06] {patience} i'm in hgd (gold short)
[15:06] {patience} slow as molassas
[15:07] {Threei}  SLW continues down
[15:13] {Threei}  gut was right
[15:14] {Threei}  wow, been a good while since we've seen silver getting smakced like this
[15:18] {RonS} emc green on day
[15:24] {Threei} Short Setup: SLW  .10 break
[15:25] {Threei}  invalidated
[15:26] {Threei}  .20 was entry eh
[15:26] {Threei}  lol
[15:28] {Threei}  low volume bounce
[15:28] {Threei}  let's see if it's a double top
[15:29] {nemo} watch gold
[15:29] {nemo} wow MCP catching bids
[15:30] {Threei}  MCP bounced enough to become a short
[15:31] {Threei}  either .80 break
[15:31] {nemo} 71.18 is vwap
[15:31] {Threei}  or, it goes above 71, next range breakdown
[15:32] {nemo} yeah, baby
[15:33] {Threei}  71 break
[15:33] {Threei}  sdmall shares
[15:33] {Threei}  invalidated
[15:34] {Threei}  .20 break
[15:35] {Threei}  late
[15:35] {Threei}  again
[15:35] {Threei}  same setup
[15:35] {Threei}  if stays under .40
[15:36] {nemo} vwap might act as a magnet
[15:36] {jfjf64} dieeeeeeeeeeeeeeee
[15:36] {nemo} meany
[15:36] {Threei}  no go
[15:37] {Threei} Short Setup: SLW  44 break
[15:37] {Threei}  EG) Egpyt PM issues apology for the crackdown on protesters that occured Saturday, claims an investigation will be launched - world press
[15:37] {Threei}  new boss eh
[15:40] {jfjf64} dieeeeeeeeeeeee
[15:40] {Threei}  lol
[15:40] {Threei}  jf, you are scaring them
[15:40] {Threei}  they drop until you scream at tghem
[15:41] {nemo} slw may now be a long above .01
[15:42] {nemo} yeah, but sometimes they jump when you scare them...cut the achilles, can't go anywhere and they scream like a banshee
[15:43] {jfjf64} yes
[15:44] {nemo} like MCP short .49?
[15:44] {nemo} probably won't hold, but
[15:44] {Threei}  I do
[15:45] {nemo} I must be sick, gotta' take my temp
[15:45] {Threei}  let's scratch SLW
[15:45] {nemo} slw
[15:45] {Threei}  can't tell which way SPY is leaning anymore
[15:46] {jfjf64} comon  slw
[15:46] {Threei}  1:1 if you kept it
[15:46] {jfjf64} dieeeeeeeeeeeeeeeee
[15:47] {Threei}  MCP
[15:47] {Threei}  almost ready
[15:47] {nemo} frickin' tease
[15:47] {jfjf64} in
[15:48] {nemo} indexes aren't cooperationg
[15:49] {jfjf64} look  time
[15:50] {Threei}  yeah
[15:50] {jfjf64} hate mcp
[15:50] {Threei}  nothing stellar but a better day than last week's end
[15:50] {jfjf64} all good
[15:50] {jfjf64} ty
[15:51] {Threei}  a few easier to read trades
[15:51] {Threei}  a bit more stops than I would have liked
[15:51] {patience} was a good day vad, had to work for it though
[15:51] {Threei}  but that's the pattern we go through every time market changes
[15:51] {jfjf64} always
[15:52] {jfjf64} good nightv all
[15:52] {Threei}  important to keep shares reasonable while we work through it and find what stopped working and what came instead
[15:52] {Threei}  take care jf
[15:54] {nemo} mmhhhh, mcp overnight
[15:54] {Threei}  make sure you sleep in diapers
[15:54] {Threei}  and with two bottles of maalox on nightstand
[15:55] {Threei}  ok guys, thank you asll
[15:55] {Threei}  have a good evening
[15:55] {patience} ty
[15:55] {Threei}  see you tomorrow
[15:56] {dino} gm all
[15:56] {larisa} bye :)
[15:58] {rambler} thanks Vad....
[15:58] {davd} imo not mcp overnite