Session Time: Thu Nov 15 00:00:00 2012
[08:54] {scottie} good morning
01[08:55] {Threei} scottie :)
[08:57] {scottie} Will be away for the first hour, catch you later
[09:09] {cipher} gm
01[09:09] {Threei} cipher :)
[09:17] {nemo} mmmmhhh, we bottomed just above the YR1 in the SPY
[09:20] {Will49} Good morning
[09:20] {Beau} good morning
01[09:20] {Threei} will :)
01[09:20] {Threei} beau :)
01[09:20] {Threei} will, good news... we've found out why e-mails weren't reaching you
[09:21] {Will49} oh?
01[09:21] {Threei} you've got yesterday's, right?
[09:21] {Will49} Haven't looked
[09:21] {Will49} will now
[09:22] {Will49} Yes, got it
[09:25] {Will49} tks for perservering
01[09:25] {Threei} :)
[09:26] {Les} afternoon
01[09:26] {Threei} les :)
01[09:26] {Threei} so, election's over, and unadjusted initial claims explode by 104,548 in ONE WEEK
[09:26] {ese} morning............
[09:27] {Les} oh here you go with conspiracies again vad
01[09:27] {Threei} ese :)
[09:27] {ese} was the storm........sandy
[09:27] {ese} that accounts for a wack of it
[09:28] {ese} but the other art is
01[09:28] {Threei} and Europe is officially in double dip recession
[09:29] {Les} really?
[09:29] {ese} too many are messing around on husbands and wifves ....they don't have any time to work
01[09:29] {Threei} Eurozone falls back into recession for the 1st time since 2009 as the 17-state economy contracts by 0.1%
[09:30] {ese} the US will have to bring them out of it
01[09:30] {Threei} haha
01[09:31] {Threei} and not to make light of it, but this was the stupidest headline in a good while:
01[09:31] {Threei} (IS) US President Obama, Israel PM both agreed Hamas needed to stop attack on Israel
01[09:32] {Threei} akin to "Ukraine and Argentina signed peace agreement between Moldova and Mongolia"
01[09:33] {Threei} Short Setup: FCX .30 break hl
01[09:33] {Threei} If holds .40
01[09:33] {Threei} two-sided
01[09:35] {Threei} 1:1
01[09:36] {Threei} Short Setup: JCP .70 break
01[09:36] {Threei} If holds .75
[09:37] {cipher} meli l .28
01[09:37] {Threei} FCX 1:2, out
01[09:39] {Threei} (IS) Hamas said to reject any truce with Israel
01[09:40] {Threei} Fitch ratings director Riley: Europe must deal with its sovereign debt crisis; should keep Greece in the EMU despite costs- Not expecting a Spain bailout request to come this year; labor market in Spain does not work - Expecting Spain to encounter a long period of painful economic situation - Notes that positive momentum generated during the past few months starts to slip amid political gridlock and the unlikelihood of further help from the euro-zone's central bank
01[09:41] {Threei} *(CA) CANADA OCT EXISTING HOME SALES M/M: -0.1% V +2.5% PRIOR
[09:41] {nemo} Canada?
[09:41] {nemo} Is that a US protectorate?
01[09:42] {Threei} you shut up, this is last island of sanity in the sea of overspending
[09:42] {ese} ;lol
[09:42] {nemo} Yeah, Island of Dr. Moreau
01[09:42] {Threei} (US) Fed's Lacker (hawk, lone FOMC dissenting voter): More bond purchases may risk inflation; effects of stimulus on growth and jobs are less than what is believed- The bigger the Fed balance sheet, the riskier the wind down process will be. Withdrawal process will be uncharted territory. . - Calls the purchase of mortgage backed securities by the Fed is 'inappropriate.' - Cannot continuously buy more securities and increase the balance sheet without risking inflation.
[09:42] {ese} lol
01[09:43] {Threei} you keep this up, we will allow Quebec to seceed and join USA
01[09:43] {Threei} that'll show you
[09:44] {cipher} stmp l .15
[09:44] {nemo} yeah, they'll probably link up with Massachusetts. THey don't call us Massholes for nothing
01[09:44] {Threei} we will just need to evacuate scottie to BC first
[09:44] {nemo} like those liquid stocks, dont ya' cipher
[09:44] {ese} I'm listening to Warren Buffet............he says things are fine for the US...............he said that just becasue a buch of bumbling fools can't agree right now it won't send the US over the fiscal cliff...........
01[09:44] {Threei} lol
[09:45] {ese} bunch
01[09:45] {Threei} Buffet becomes a baffoon
01[09:45] {Threei} fine?
01[09:45] {Threei} with 16T debt and 1T annual deficit?
01[09:45] {Threei} ideology trumps everything...
[09:46] {ese} if he ain't panicing...........i'm not panicing
01[09:46] {Threei} why would he
[09:46] {Les} Buffet was selling US in August/Sep. talk about two face
[09:46] {nemo} mnst short here looks interesting
01[09:47] {Threei} he can get 99% haircut and still have more hair than all of us combined
[09:47] {ese} can't disagree with that fact
[09:47] {nemo} Vad...an Armadillo could get a 99% haircut and have more than you
01[09:48] {Threei} I guess...
[09:48] {ese} he seems like a friendly guy................think i'll pop over for coffee and talk it over with him
01[09:48] {Threei} Long Setup: FCX .15 break
01[09:48] {Threei} If holds .10
01[09:48] {Threei} Invalidated
01[09:49] {Threei} keeping SLW on watch to short into bounce
01[09:49] {Threei} maybe long scalp first
01[09:52] {Threei} Long Setup: FCX .10 break
[09:52] {ese} by the way.......got stopped out of btu yesterday for -.28
01[09:52] {Threei} If holds 37
[09:53] {nemo} IWM dropped lows Q's about to
01[09:54] {Threei} crap
01[09:54] {Threei} just prepared long slw .25 break alert
01[09:54] {Threei} and it was at .35
[09:56] {ese} Congratulations.............huh.........the top of my Mbbit is say that i've just been given a 1 year free Green Card to work in the US..........under the US equal oppportunity program 50,000 to be given out
01[09:56] {Threei} cool
[09:56] {ese} nemo.........can i come and work for you?
01[09:56] {Threei} let's trail FCX to .04, was 1 cent shy of 1:1
[09:56] {ese} i'll feed the rabbit
01[09:56] {Threei} Short Setup: SLW .40 break
[09:56] {cipher} out meli -.22
01[09:57] {Threei} If holds .50
[09:57] {nemo} weird
[09:58] {ese} me coming to work for you?
[09:58] {nemo} yeah
[09:59] {ese} lol
01[09:59] {Threei} 1:1
[09:59] {cipher} out stmp .29 +.14
01[10:00] {Threei} ese, I am sorry to say but *(US) NOV PHILADELPHIA FED: -10.7 V 2.0E
01[10:00] {Threei} tell us again Buffet, how everything's fine
[10:01] {ese} *(US) Q3 MORTGAGE DELINQUENCIES: 7.40% V 7.58% PRIOR; MBA MORTGAGE FORECLOSURES:4.07 % V 4.27% PRIOR - Source TradeTheNews.com
[10:01] {ese} ya but ........at least people can pay for there homes
01[10:01] {Threei} and this is despite Prices Paid: 27.9 v 19 prior
01[10:01] {Threei} no ese, we just run out of homes to foreclose
[10:02] {cipher} meli l.41
[10:02] {ese} your a tough nut to crack you are...............
01[10:02] {Threei} 400+K more went on food stamps in ONE MONTH of October
01[10:02] {Threei} what homes?
[10:02] {ese} L btu .41
01[10:02] {Threei} look in reality eyes for once
01[10:03] {Threei} Short Setup: LVS .40 break
[10:04] {ese} 1/2 ,48 +.08
01[10:04] {Threei} If holds .50
[10:04] {ese} .49 sorry
06[10:05] * Les slaps ese with a penny
[10:06] {ese} very funny very funny.........everyones opps
01[10:06] {Threei} Invalidated
[10:06] {ese} out btu .68
[10:07] {ese} + .26 balance
[10:07] {ese} as i was saying..........everyone wants to be a comedian
01[10:07] {Threei} including Buffet
01[10:07] {Threei} Short Setup: FCX .40 break
[10:08] {ese} am loving this stock...........think cash cow comes to mind
[10:08] {cipher} out meli .94 +.53
01[10:08] {Threei} If holds .50
01[10:08] {Threei} nice one cipher
[10:08] {cipher} thx
[10:10] {cipher} stmp l.54
[10:14] {ese} good one with meli........C...........just looking at that man that was thin
[10:14] {nemo} made twiggy look fat
[10:15] {ese} i'll say
[10:15] {ese} good line
[10:16] {cipher} tna l .40
01[10:17] {Threei} Short Setup: C .65 break
[10:17] {dino} out yesterdays idcc +.68
01[10:17] {Threei} nice hold
01[10:18] {Threei} change C to .70 break
[10:18] {dino} ty, lucky
01[10:18] {Threei} If holds .75
[10:18] {ese} and it's still climbing dino
[10:18] {dino} because i sold
[10:18] {ese} lol
01[10:19] {Threei} Short Setup: FCX .50 break
[10:19] {ese} man...you and C are the kings of thin
01[10:19] {Threei} If holds .60
[10:19] {dino} he's my doppleganger
[10:20] {ese} well................everybodies gotta have one
01[10:20] {Threei} lol
[10:20] {ese} nah...........should have one
01[10:21] {Threei} half out LVS
[10:21] {ese} am outta here boyza......catch ya tomorrow
01[10:21] {Threei} stop to .71
01[10:21] {Threei} take care ese
[10:21] {ese} cya vad
[10:21] {Les} ciao dude
[10:21] {Will49} bye ese
[10:21] {ese} later les.nemo dino C
[10:21] {ese} will
[10:22] {cipher} out stmp .77 +.23
01[10:22] {Threei} FCX, trail to .56
01[10:25] {Threei} C, 1/4 more out
01[10:25] {Threei} FCX 1:1
01[10:26] {Threei} mailed the reversal on both
01[10:26] {Threei} C particularly precise
01[10:27] {Threei} 111 Trades readers, everyone got the e-mail yesterday?
[10:28] {dino} y
[10:28] {Beau} on it now
[10:28] {Les} yes ty
[10:29] {Les} I even managed to unsuscribe myself at the same time
01[10:29] {Threei} lol
[10:29] {Les} I'm like a dog chasing a car. you put a link and I'll click on it
01[10:29] {Threei} btw, we tracked down the reason our Sunday Links e-mails weren't reaching some of you
01[10:30] {Threei} if you still not getting them, let me know pls
[10:33] {dino} crus hl l .25
01[10:36] {Threei} selling is welcome to resume any time now
01[10:37] {Threei} (CA) Bank of Canada finds that a financial transaction tax (tobin) implementation worldwide is highly unlikely- Notes that a financial transaction tax would increase volitility and negatively impact growth
[10:37] {dino} finally somebody gets it
01[10:37] {Threei} (US) Fed's Lacker: weary of using threholds to determine policy and discussing any financial transaction (tobin) taxes
01[10:37] {Threei} meanwhile Europe implements it full speed
01[10:37] {Threei} I've never seen a country or union so determined to destroy itself
[10:38] {nemo} well, that means lotsa' financial activity comes this way
01[10:38] {Threei} unless Obama nods to it here too
01[10:38] {Threei} but I find it unlikely
[10:38] {Les} when president Barosso is ex-Maoist it makes perfect sense to me Vad
[10:38] {Les} old ideology reborn
[10:39] {nemo} as in Maotse Dung=Stalinist?
[10:39] {Les} yeh
01[10:39] {Threei} whole EU upper brass consists of former communists
[10:39] {Les} yeh
01[10:39] {Threei} and there is no really such thing as FORMER communist
[10:39] {nemo} and we're led by an Islamocommunist go figure
[10:39] {nemo} the only good commie is a dead one
01[10:40] {Threei} they adapt in their appearance, to fit to surroundings
01[10:40] {Threei} but the core stays the same
[10:40] {nemo} can hear the Navy Captain I used to work for speaking in my head
01[10:40] {Threei} today's Russian brass is a good example of that
01[10:40] {Threei} once KGB, always KGB
01[10:41] {Threei} out C in full
[10:41] {nemo} Once KGB now FSB
[10:42] {nemo} iwm spy long setup setting up
01[10:42] {Threei} it's truly a wonder that in Canada, of all the countries, conservatives came to power and keep it for 3 elections already
01[10:42] {Threei} keeping financials more or less in order
01[10:43] {Threei} not pouring "stimulus" left andf right
01[10:43] {Threei} and even withdrawing some
01[10:43] {Threei} no wonder ese hates them either :)
[10:43] {dino} lol
[10:43] {Will49} PM is an economist also
[10:43] {Will49} is that good?
01[10:43] {Threei} ummm... rarely, lol
[10:44] {nemo} rates right up there with weatherman and politician
01[10:44] {Threei} but I have a lot of respect for this one
01[10:45] {Threei} just don't tell anyone will, the'll ostracize me from extremely left Victoria... and I like it here :)
[10:45] {Will49} I'm with you
01[10:45] {Threei} as long as I don't talk to people
[10:45] {Will49} NDP signs all over Fairfield
[10:45] {Will49} Saw Eliz May yesterday canvassing
[10:46] {Will49} Crossed the street so she wouldn't yap to me
01[10:46] {Threei} can't believe she is my MP
[10:46] {Les} how rude Will
01[10:46] {Threei} die already FCX
[10:46] {Will49} I know
01[10:47] {Threei} 1:2
01[10:47] {Threei} good boy
[10:47] {Will49} She invented rude Les
[10:47] {Will49} She's leader of green Party, right down your alley :)
[10:48] {cipher} stmp l .65
[10:55] {scottie} NOW l .40 ?
[10:56] {scottie} forget it
01[10:56] {Threei} already did
01[10:57] {Threei} scottie, you were away while we mader some life changing decisions for you
01[10:57] {Threei} we evacuate you to BC and sell Quebec to Massachusets
[10:58] {Will49} you can live in Vad's vodka storage room
[10:58] {dino} hl l plce .36
[10:59] {nemo} I'm taking a nap
[10:59] {scottie} I saw that, I've already called the moving company
01[10:59] {Threei} man of action
[10:59] {scottie} Anything not to live near nemo
01[11:00] {Threei} I thought that was important factor in getting your nod
[11:00] {scottie} lol
01[11:01] {Threei} you'll ,like it here... third crop of roses just started blooming
[11:01] {Les} I understand u will
[11:01] {Les} Sierra club, American lawyer. Sounds like a fascist
[11:01] {Will49} You're the oly one Las
[11:01] {Will49} only
01[11:01] {Threei} lol
[11:02] {Les} well regarding Eliz May. don't know bout rest of your life
[11:02] {Will49} She's a piece of work all right
[11:02] {Les} activist
[11:02] {scottie} In another life, I spent six months in Esquimalt, loved the weather
[11:02] {Les} hate that frikin word
[11:02] {Will49} Navy?
[11:03] {Will49} Scottie
[11:03] {scottie} aye aye sir
01[11:03] {Threei} wow
01[11:03] {Threei} respect
[11:03] {Will49} Half of our three-ship navy is based there
01[11:03] {Threei} hehe
[11:04] {scottie} lol
[11:04] {Will49} Did you terrorize our women on shore leave?
[11:04] {nemo} got big volume on iwm on that bottom
01[11:05] {Threei} and we do know how to put them to a good use - they help form starting line for the annual sailboat regatta, Swiftsure
[11:05] {scottie} That's where I smoke BC flags for the first time
[11:05] {Will49} :)
[11:05] {scottie} smoked
[11:05] {Will49} You'll fit right in Scottie
[11:06] {Will49} In fact, stay at my place and teach me how to trade
01[11:06] {Threei} SLW is strangely strong
01[11:06] {Threei} didn't expect it remain near high while SPY sells
[11:06] {scottie} ok Will, as soon as I learn myself
[11:06] {Les} Euro strengthening
[11:07] {Les} dollar testing support
01[11:07] {Threei} I'll drop by for a coffee when you two get too comfortable
01[11:07] {Threei} gotta disrupe that harmony
01[11:07] {Threei} disrupt
[11:08] {Will49} Coffee and MJ for all
[11:08] {Les} was gonna call you a pussard Scottie, but I don't think that's the right word for navy guys
[11:09] {Les} been a long time since I was in uniform
[11:09] {nemo} perfidious Albion?
[11:09] {Les} you're a pussard nemo however
[11:09] {Will49} Girl Scout uniforms don't count Les
[11:09] {Les} it got me close to the girls will
[11:10] {Will49} oh no....you should get on Dr Phil show
[11:10] {nemo} double bottom on iwm spy and fas
01[11:10] {Threei} watching CAT
01[11:10] {Threei} bounce into .40 - .50 zone would be a short setup on .40 recross
01[11:12] {Threei} Short Setup: CAT .40 break
01[11:12] {Threei} If holds .50
[11:13] {nemo} think we get a vwap run here
[11:13] {nemo} make it a two way....just a thought
01[11:15] {Threei} CAT says short
01[11:16] {Threei} 1:1
01[11:16] {Threei} 1:2
[11:17] {Will49} Super call
01[11:17] {Threei} made well in advance too
01[11:18] {Threei} 1:3, out
01[11:18] {Threei} I have my moments
[11:18] {scottie} +.29 tks Vad
01[11:18] {Threei} [11:18] {nemo} but they are getting fewer and farther between
01[11:18] {Threei} yw
[11:19] {nemo} nice Vad
01[11:19] {Threei} hmmm...
06[11:19] * Threei slants at nemo ascance
[11:20] {robbers} Out CAT, thanks.
01[11:20] {Threei} yw
[11:21] {Will49} tks Vad, got 1:2 and bailed :(
[11:21] {Will49} need patience
01[11:21] {Threei} it'll come
01[11:22] {Threei} you are not used to real bear market yet
01[11:22] {Threei} it drops... and drops... and drops...
[11:22] {Will49} remember, I don't even buy green bananas
01[11:22] {Threei} and when it totally looks like reversing, it drops again
[11:24] {Will49} my Scottish ancestry gets in my way
[11:24] {Will49} a peny saved etc
[11:24] {Will49} penny
[11:24] {Will49} working on that
[11:25] {Will49} need to be an abundance guy
[11:26] {Will49} I know Vad...the Taoist Trader book
[11:26] {Will49} As soon as I save enough pennies :)
[11:27] {nemo} and then you come study with me
[11:28] {Will49} graduate school?
01[11:28] {Threei} meanwhile you can watch nemo giving lecture on Taoism
01[11:28] {Threei} if he is so kind to share the link
[11:28] {nemo} well, kinda, that was to a bunch of college kids
[11:28] {nemo} it was Taoism lite
[11:28] {nemo} can't scare them
01[11:28] {Threei} huh?
01[11:29] {Threei} you must
[11:29] {nemo} camouflage
01[11:29] {Threei} otherwise they'll go through life fat, drunk and stupid
[11:29] {nemo} most people do
[11:29] {Les} sounds good
[11:29] {nemo} the "herd" of man
[11:30] {nemo} http://ezwp.tv/V6h7dkuR
01[11:31] {Threei} that was nemo's visual...
01[11:31] {Threei} this mine: http://goo.gl/KYs92
[11:35] {Les} wow SLW
01[11:35] {Threei} it's strange today
01[11:35] {Threei} disconnected from market
[11:36] {scottie} AEP l 41 ?
01[11:37] {Threei} not really delighted
[11:37] {scottie} ok tks
[11:40] {scottie} cvs l 45 ?
01[11:42] {Threei} I'd orefer pullback entry on it
01[11:42] {Threei} from under .90
[11:42] {scottie} ok
[11:46] {Les} tza here?
[11:46] {Les} under .75?
01[11:46] {Threei} probably... just hard to expect much from it
01[11:50] {Threei} it seems stinky substance hits the fan
01[11:50] {Threei} (IS) Air raid sirens being reported to have been heard in Tel Aviv in addition to explosions - press- Rockets said to have hit Tel Aviv, no casualties reported - Follow up: Chatter circulating that Egypt has closed the border with Israel
[11:50] {dino} those idiots are going to start a war
[11:50] {nemo} this is spy gap going back to 8/2
01[11:51] {Threei} ok, we need ese to come back for a min, to talk about those mortgages:
01[11:51] {Threei} (US) House Financial Service Commitee Chair Rep Bachus (R-AL): FHA will need Treasury bailout within one month- Reminder: yesterday reports circulated that the FHA was nearing a point at which it could run out of reserves due to rising mortgage deliquencies; may ask for taxpayer money for the first time
[11:52] {dino} funny how they hid that until aftr election
01[11:52] {Threei} that, and a lot of other things
[11:52] {dino} no kidding
[11:52] {nemo} oh boy: http://video.cnbc.com/gallery/?video=3000129595&play=1
[11:53] {nemo} oh shit, don't pay attention to the guy behind the curtain
[11:57] {Les} SELL SELL SELL
[11:57] {nemo} yes Mortimer
[11:57] {Les} remember his mission statement is only to discuss what the serious investors are doing
[12:15] {Les} TZA 19 or bust
01[12:15] {Threei} not bad
01[12:15] {Threei} I didn't expect even this
01[12:19] {Threei} SHOOT FOR THE MOON
01[12:19] {Threei} Even if you miss, you'll land among the stars. Of course, then your eyeballs will boil and your lungs explode from decompression. But that's what you get for being a damn showoff.
[12:21] {Les} I see Netanyahu has January elections
[12:23] {robbers} Simple solution for Israel vs. Palistine. Palastinians want a state....give them Mississippi. We're not using it anyway.
[12:23] {Will49} lol
[12:24] {nemo} this higher low is off the 8/2 gap bottom
01[12:24] {Threei} bit robbers... do you want ropckets landing in Alabama and Louisiana?
[12:24] {robbers} Sure.
[12:24] {robbers} Especially Alabama.
01[12:25] {Threei} Tennessee?
01[12:25] {Threei} Arkansas?
01[12:25] {Threei} if you say yes, you can have them :)
[12:27] {robbers} I draw the line at sacrificing Alabama. But they wouldn't fire rockets there anyway, bama doesn't allow Jewish people to live there.
[12:32] {robbers} I'm Jewish and have visited bama, not all that hospitable, but they did allow me to use one of their golf courses for a few hours. Nice of them.
01[12:32] {Threei} christmas tree for nemo: http://goo.gl/SeI8Q
01[12:33] {Threei} and nemo's idea of a good time: http://goo.gl/C3mM8
01[12:36] {Threei} Les, you out TZA?
[12:36] {Les} never got in it
[12:37] {Les} been wanting to leave for Aikido. Missus finally got home
01[12:46] {Threei} will, you are the lucjkiest one here
01[12:46] {Threei} Two early morning cougar sightings today around the Ross Bay Cemetery.
[12:46] {Will49} I'm running outside right now!
01[12:47] {Threei} that's like 3 min from your place?
[12:47] {Will49} Hope it doesn't eat any of the little old ladies around here
[12:47] {Will49} Yes, one block
[12:48] {Will49} But I do hope it eats the two jack Russell terriers across the street
[12:48] {Will49} they drive me nuts
01[12:48] {Threei} lol
[12:49] {Will49} I think I'll volunteer to take them for a walk today :)
[12:51] {Will49} scottie..bit of navy trivia about Esquimalt
01[12:51] {Threei} Short Setup: CVS .80 break
[12:59] {Will49} British Navy set up base there in early 1860s and there are dozens of sea captains burried in Ross Bay cemetary
[13:00] {nemo} want to take tna long here but it would be more out of boredom than conviction
01[13:02] {Threei} [17:35] {dptl} hey Vad, hopefully come back in the month or so.....say hi to everyone :)
[13:02] {nemo} that when he gets out of detox?
01[13:06] {Threei} (IS) Israel Defense Min Barak: Hamas earlier rocket attack is considered an escalation and a price will have to be paid
01[13:10] {Threei} 52% View #Petraeus Resignation As Appropriate
01[13:11] {Threei} maybe but I don't remember MLK, JFK or Bill Clinton resigning
[13:11] {Will49} different world Vad
01[13:14] {Threei} CVS new low
01[13:14] {Threei} whole cent lower... etc, you know the routine
[13:15] {Will49} let's hope Bernank doesn't screw this up for us
[13:22] {nemo} yeah, guess I shoulda' taken that boredom trade
01[13:25] {Threei} (US) Fed's Bernanke: Fed will continue to use policy to boost economic recovery; it is likely that lending has swung too far towards tigher standards- Notes that mortgage lenders tightened standards in 2007 and havent eased off - Sees housing sector improving and adding to growth; a weak housing market can be powerful headwind to an economic recovery - Calls on lenders to rent out their foreclosed homes
[13:34] {dino} lenders should be liquidating their foreclosed homes
[13:35] {Will49} and how does more renting lighten the headwinds?
[13:36] {Will49} a weak housing market is powerful headwind to bank profits
01[13:38] {Threei} they are just eager to reinflate this thing
01[13:39] {Threei} instead of rational thinking, which would lead therm to a question:
01[13:39] {Threei} what is the natural level of demand, without people overextending themselves?
01[13:39] {Threei} if it reached yet?
01[13:39] {Threei} if we are under that level, sure, loosen lending standards
01[13:40] {Threei} if we are above it, we need more tightenting, or at least waiting
[13:41] {Will49} oh but that makes so much sense...what are you thinking?
[13:41] {Will49} or as they say around here, what are you smokin'
[13:50] {nemo} this might be the bottom
01[13:51] {Threei} for now
[13:51] {dino} until 3 pm lately
[14:16] {Les} CVS selling off again
01[14:21] {Threei} and works this time
[14:22] {Les} my second entry. 1st was good for a scalp. I am short .73 here half out
[14:27] {nemo} slb probably now
[14:32] {dino} osis crushed
01[14:40] {Threei} Long Setup: FB .10 break
01[14:41] {Threei} If holds 22
[14:54] {robbers} Yet another surgical call on FB, nice.
[14:54] {thomcbell} made a sale here on fb thanks Vad
01[14:55] {Threei} 1:2
01[14:55] {Threei} closed it
01[14:55] {Threei} yw guys
[14:58] {Will49} tks Vad +.22
01[14:58] {Threei} :)
[15:02] {robbers} wtg Will.
[15:02] {Will49} tks
[15:03] {Will49} incremental progress every day
[15:05] {thomcbell} nasty tape
01[15:10] {Threei} beauty is in the eye of the beholder :)
[15:10] {thomcbell} yes
[15:11] {Les} I'd be a lot happier if I'd gotten my TZA entry correct. Took .75 break and then refused to buy VWAP bounce at .65 shortly afterwards...
[15:11] {Les} incredibly ugly tape
[15:11] {Les} :)
[15:12] {dino} dnb drop
[15:12] {dino} i see we are getting the 3 pm drop again
[15:15] {Will49} guess I'll have to help him fix that ping
01[15:17] {Threei} hehe
01[15:25] {Threei} Short Setup: GDX 46 break
01[15:25] {Threei} If holds .10
[15:28] {thomcbell} slw looks like a 0.47 break too
01[15:29] {Threei} targeting 1:3 on GDX
[15:29] {thomcbell} slw 1:1
01[15:29] {Threei} wtg
01[15:30] {Threei} 1:1 GDX
[15:39] {Les} got a lick of paint to do before bed. c u's tomorrow.
01[15:39] {Threei} don't sniff it Les
[15:40] {Les} lick, not sniff
01[15:43] {Threei} lol
01[15:43] {Threei} (US) Fed's Fisher: Congress has been disgraceful on the fiscal issues; reiterates Fed should not take the "Buzz Lightyear" approach (to infinity and beyond) on purchases- Note the Fed cannot purchase treasury and mortgage debt indefinitely - Comments that legislators in the US have become "parasitic wastrels"
[15:45] {thomcbell} i guess everyone was caught leaning there
[15:45] {thomcbell} nic elittle rally
01[15:47] {Threei} Congress, punting and getting red in face: You... you... parasitic wastrel enablers!!
01[15:48] {Threei} panting too
[15:51] {Will49} Tks Vad...interesting day
[15:52] {dino} out plce .86, +.50
01[15:53] {Threei} wtg
01[15:53] {Threei} ok guys, thank you
01[15:53] {Threei} have a great evening
01[15:53] {Threei} see you tomorrow
