May 18 2011

Another nicely profitable day, although less active than yesterday.

Session Time: Wed May 18 00:00:00 2011
[09:01] {Threei}  yawn
[09:14] {Threei}  (GR) Greece Fin Min Constantinou: To continue with reforms, fiscal tightening policy despite the recession
[09:14] {Threei}  - To announce additional 6B in austerity in coming days
[09:14] {Threei}  - Will attain 2011 deficit target of 7.5% of GDP
[09:14] {Threei}  - Reiterates that Greece has a difficult task ahead, will forge ahead
[09:14] {Threei}  - It is possible to reduce public jobs to reduce the puclic sector
[09:15] {Threei}  riots are going to drown them
[09:19] {dino} gm all
[09:20] {Threei}  dino :)
[09:20] {RonS} gm dino and whoever that all guy is...
[09:20] {Threei}  lol
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {dino} lol
[09:22] {nemo} we shorting slw?
[09:22] {Threei}  somehow I am not so sure today
[09:22] {Threei}  could be but need to observe more
[09:22] {Threei}  so far, morning is very uncertain
[09:27] {nemo} I think it's an up day overall
[09:27] {ese} morning........vad get the coffee on......i have to take my daughter to the ferry for 8:00pm
[09:27] {Threei}  ese :)
[09:27] {Threei}  that's before my breakfast
[09:28] {davd} bc weather here in nyc
[09:28] {ese} and mine
[09:28] {Threei}  sorry, I am not functioning before I have my eggs and bacon
[09:28] {Threei}  bc?
[09:28] {davd} brit columbia
[09:28] {Threei}  oh
[09:28] {Threei}  lol
[09:28] {Threei}  told ya
[09:29] {Threei}  not functioning
[09:29] {ese} dave.....thats where shes headed NYC
[09:29] {Threei}  RIMM
[09:29] {Threei}  wow
[09:29] {ese} drama dept .....to see some shows on Broadway
[09:30] {ese} ya whats up with rimm......mags needs to be here
[09:30] {Threei}  cool ese :)
[09:30] {Threei}  Research in Motion Ltd China Telecom said to be planning to offer BlackBerry devices to its corporate customers - People's Daily
[09:30] {Threei}  - China Telecom is expected to offer the BlackBerry service at CNY89 ($13.67)- CNY109/ month.
[09:30] {Threei}  - China Telecom is the 3rd largest telecom company in China
[09:30] {nemo} soda spls DE
[09:30] {Threei}  look at the pricing
[09:31] {Threei}  ($13.67/month
[09:31] {jfjf64} mornin
[09:31] {Threei}  hey jf
[09:31] {Threei}  missed excellent day yesterday
[09:31] {jfjf64} isaw
[09:31] {ese} jf
[09:32] {jfjf64} travel day
[09:32] {jfjf64} ese
[09:32] {nemo} frickin rimm
[09:32] {Threei}  RIMM is a bit ahead of itself
[09:32] {Threei}  prepare half lot
[09:33] {Threei}  long from .10 - .15
[09:34] {Threei} Short Setup: X  45 break hakf lot
[09:35] {Threei}  1:1
[09:36] {Threei}  come on already RIMM
[09:38] {jfjf64} anf
[09:39] {Threei} Short Setup: RIMM  .50 break
[09:39] {Threei}  if stays under .60
[09:39] {Threei}  half lot!
[09:39] {Threei}  no go
[09:41] {dino} stec sm l .55
[09:41] {Threei} Long Setup:  FCX  .60 break
[09:41] {Threei}  stop under .50
[09:42] {Threei}  target .90 with three partials
[09:42] {RonS} cree
[09:43] {ese} in
[09:44] {davd} in
[09:44] {ese} call it .62
[09:44] {Threei}  1:1
[09:44] {ese} out 1/2 }73
[09:44] {Threei}  stop to .55
[09:45] {jfjf64} ditto
[09:45] {Threei}  1:2
[09:45] {jfjf64} ahh
[09:45] {ese} yup
[09:45] {jfjf64} nice
[09:45] {gregns} ty on fcx
[09:45] {Threei}  :)
[09:45] {Threei}  1:3, target hit
[09:45] {ese} out 1/4
[09:45] {jfjf64} ty INCOME room
[09:45] {Threei}  mastering that management eh ese
[09:45] {ese} .88 +.26
[09:46] {ese} gettin there
[09:46] {ese} out full .97 +.35
[09:46] {Threei}  wtg
[09:46] {jfjf64} time  short
[09:46] {jfjf64} ?
[09:47] {ese} tks....almost can't click the damn mouse fast enough
[09:47] {davd} im stil in fcx
[09:47] {ese} and type at the same time
[09:47] {ese} ridem cowboy
[09:47] {Threei} Short Setup: FCX  48 break
[09:47] {Threei}  if stays under .10
[09:48] {Threei}  invalidated
[09:48] {nemo} no it's going to 49
[09:48] {jfjf64} comon baby
[09:48] {ese} perfect....catch you all later....am out to the ferry terminal honking at vads house on the way by
[09:49] {jfjf64} take the $ and run ese
[09:49] {Threei} Short Setup: FCX  .20 break
[09:49] {jfjf64} nice
[09:50] {jfjf64} dieeeeeeeeeeee
[09:50] {Threei}  lol
[09:50] {Threei}  condition is obvious
[09:51] {jfjf64} battle
[09:51] {Threei}  yes but we are winning
[09:51] {Threei}  1;1
[09:51] {jfjf64} yeahhhhhhhhhhhhh
[09:52] {Threei}  1:2
[09:52] {Threei}  out in full
[09:52] {jfjf64} yeahhhhhhhh
[09:52] {jfjf64} jf clappin
[09:52] {samire} That is why i joined
[09:52] {Threei}  good move
[09:52] {Threei}  welcome aboard
[09:52] {samire} thanks
[09:52] {Threei}  I mean, come on... one morning like this pays for a month or two of membership
[09:54] {Threei} Short Setup: RIMM  .50 break
[09:54] {Threei}  if stays under .60
[09:55] {nemo} wow...bull flag?
[10:02] {Threei}  RIMM 1:1
[10:02] {dino} bid sm l .20
[10:02] {jfjf64} stop.45
[10:04] {Threei}  (GE) S&P: Germany's public finances can continue to weather any financial or economic shocks
[10:04] {Threei}  any?
[10:05] {dino} makes you wonder whats up
[10:07] {jfjf64} slw  dtop
[10:08] {jfjf64} ?
[10:08] {Threei}  or break of .20
[10:08] {jfjf64} mirror  mkt  today
[10:08] {Threei}  I don't feel easy about shorting SLW so far
[10:11] {Threei} Long Setup:  SLW  .20 break
[10:11] {Threei}  if holding above .10
[10:12] {Threei}  invalidated
[10:16] {samire} what is the difference between discussions and floor in this room ?
[10:16] {Threei}  you can talk in one and not in other
[10:16] {samire} thanx
[10:17] {Threei}  #floor has my comments only so you can read them uncluttered
[10:17] {samire} great feature
[10:18] {jfjf64} hmm  2  yrs   never new  that
[10:19] {RonS} lol only bben discussed about 18 times in last year
[10:19] {jfjf64} jf likes clutter
[10:19] {RonS} been
[10:21] {gregns} breakdown of .30 RIMM?
[10:22] {Threei}  let's see if we can get a bounce
[10:22] {Threei}  I'd prefer it to breakdown on RIMM
[10:24] {Threei}  oh well
[10:24] {Threei}  got away
[10:26] {Threei} Short Setup: SLW  .10 break
[10:26] {Threei}  stop above .20
[10:31] {Threei}  *DOE CRUDE: -15K V +1ME; GASOLINE: +120K V +500KE; DISTILLATE: -1.16M V +500KE; UTILIZATION: 83.2% V 82%E
[10:31] {Threei}  strong market spike
[10:32] {Threei}  let's scratch half lot
[10:32] {Threei}  decrease risk
[10:33] {Threei}  somewhat strange market here, don't want to jeopardize nice morning profits
[10:33] {Threei}  sometimes playing defense is the best way to navigate uncertain waters
[10:40] {Threei}  1:1
[10:40] {Threei}  nervous trade
[10:40] {Threei}  me no like
[10:40] {Threei}  me like easy money
[10:41] {samire} we have the same last name
[10:41] {samire} easy money
[10:41] {Threei}  that's my middle name
[10:41] {samire} ok
[10:42] {Threei}  last name is Gimmie-a-lot-of-it
[10:42] {Threei}  oh, btw guys, while I remember
[10:42] {dino} out bid .80, +.60\
[10:42] {Threei}  if you go to http://www.clippervacations.com/promotions/photocontestwinnersfall2010 and look at tghe second photo
[10:43] {Threei}  you'll see that it's a winner of a contest that gives author free trip to Seattle
[10:43] {Threei}  with your kind permission I am going to make it this weekend,
[10:43] {Threei}  so you will not see me in the room on Friday
[10:44] {Threei}  unless you squint strongly
[10:46] {RonS} did last place get a trip to Tacoma?
[10:46] {Threei}  no idea
[10:47] {RonS} that is one rough town, 'cept for the toffee factory
[10:48] {Threei}  I don't do rough towns anymore
[10:48] {Threei}  I did my time in Winnipeg
[10:48] {Threei}  enough is enough
[10:50] {RonS} oil through 100
[10:50] {nemo} going to 105
[10:52] {RonS} euro hod and running strong
[10:53] {RonS} shoulda said US session hod...overnight was higher
[10:54] {nemo} hey vad, why don't you take it the next week and make it a 4 day weekend?
[10:54] {Threei}  for a very good reason
[10:55] {Threei}  when I booked it, I had no idea about that long weekend
[10:55] {nemo} 2 3dayers in a row?
[10:55] {nemo} duh?  check the market holiday schedule
[10:55] {Threei}  we have them differently in Canada
[10:55] {Threei}  so it's not readily oln top of the mind
[10:58] {Threei}  looking at USO and SLW, it's again all about USD
[11:02] {dino}  afl sm l .80
[11:02] {RonS} ducky
[11:02] {Threei}  lol
[11:03] {Threei}  USO looks toppy...
[11:03] {Threei}  but if UUP loses .55, it won't reverse down
[11:03] {dino} quack
[11:04] {Threei}  let's try it as safe as possible
[11:04] {Threei} Short Setup: USO  .45 break
[11:04] {Threei}  if stays under .50
[11:04] {Threei}  negligible stop
[11:05] {Threei}  nope
[11:06] {dino} out afl .20, +.40
[11:07] {Threei}  nice quacking
[11:07] {dino} lol
[11:07] {samire} dino....do u know GSP
[11:08] {RonS} george st pierre?
[11:09] {dino} no
[11:09] {RonS} http://en.wikipedia.org/wiki/George_st._pierre
[11:10] {Threei} Short Setup: NVDA  18 break
[11:11] {Threei}  scalp only most likely
[11:11] {nemo} look at .99 bids
[11:12] {Threei}  so let them melt a bit and grab your shares when bid goes down to reasonable size
[11:12] {Threei}  just tactics of entry
[11:12] {nemo} yeah...I was just pointing it out for Les
[11:12] {nemo} oh....he's not here
[11:12] {Threei}  "fine-tuning your entry with Level 2", scalping videocourse
[11:13] {Threei}  USO...
[11:13] {Threei}  UUP upticks kill it now
[11:21] {dino} afl sm l .00
[11:21] {RonS} dino dks?
[11:22] {dino} 37.03 gap
[11:23] {dino} i like it close to that
[11:25] {Threei}  feel free to take profit on NVDA as you see fit
[11:25] {Threei}  not expecting much from it
[11:28] {Threei}  I am 2/3 out
[11:28] {Threei}  stop to .01 for the balance
[11:30] {Threei}  can't believe USO rinsed me by 1 cent, lol
[11:31] {Threei}  it's just wrong
[11:31] {Threei}  must be jf's fault
[11:33] {jfjf64} lol
[11:34] {RonS} fcx 48 break s w/ some consolidation below .05?
[11:34] {Threei}  I like the idea,
[11:34] {Threei}  just not delighted by this last spike which broke downtrending channel
[11:35] {RonS} yep
[11:35] {Threei}  can be repaired by new consolidation
[11:35] {RonS} k
[11:35] {Threei}  but don't go for it if it jujst drops into support in one gasp
[11:50] {dino} afl stopped while out -.31
[11:52] {dino} snn spike
[12:00] {dino} hum-dee-dum
[12:14] {dino} out stec .95, +.40
[12:21] {RonS} afl...talented duck...now croaking...
[12:21] {dino} watching it
[12:22] {Threei}  acvtually, could be bottoming out
[12:22] {Threei}  I'd say,
[12:22] {Threei} Long Setup:  AFL  .25 if holding .15
[12:23] {Threei}  with target about 1:5
[12:24] {dino} feels like 49.80s then bounce
[12:27] {nemo} .20 break?
[12:27] {Threei}  if you like aggressive
[12:27] {nemo} fine
[12:27] {Threei}  with all its advantages and shortcomings
[12:27] {nemo} stop picking on my height
[12:28] {Threei}  sorry
[12:28] {nemo} u know I'm the sensitive type
[12:28] {Threei}  but I do not discriminate what I am picking on
[12:28] {Threei}  height, width...
[12:29] {Threei}  still valid IMO
[12:29] {nemo} even more so
[12:30] {Threei}  these little nibbles under support, immediately rejected, do not invalidate the setup
[12:30] {nemo} validates .21 entry
[12:30] {Threei}  remaking it to .10 - .20 nakes sense
[12:30] {Threei}  esepcially considering that big offer at .20
[12:30] {Threei}  right
[12:33] {Threei}  now it's invalidated
[12:33] {Threei}  next area of interest is dino's 49.80
[12:36] {nemo} afl here
[12:44] {dino} sm l .25
[12:48] {davd} in afl .3 sm
[12:52] {Threei}  gosh
[12:52] {Threei}  totally forgot I still have some NVDA
[12:52] {Threei}  lol
[12:53] {samire} Thanks Vad....i made half of my membership today....on the first day
[12:54] {dino} gj
[12:58] {davd} out afl .45
[12:59] {dino} afl to .29
[12:59] {dino} gj davd
[12:59] {RonS} ?...freakin dial up
[13:00] {dino} lol
[13:00] {dino} afl to .40
[13:01] {RonS} ...so...is dino amish?
[13:01] {davd} wow duck is flying
[13:01] {dino} to .55
[13:01] {RonS} if ese was here i would ask for a rim shot...
[13:02] {dino} to .60
[13:02] {RonS} want .88
[13:02] {dino} plain and simple
[13:03] {dino} to .65
[13:03] {Threei}  playing small shares samire?
[13:03] {Threei}  with full lot you'd make double of monthly membership today, if not more :)
[13:03] {dino} tyo .70
[13:03] {dino} to
[13:04] {samire} 500 shares
[13:04] {RonS} naw .77
[13:04] {dino} out +.45
[13:04] {samire} I exited early
[13:04] {Threei}  very nice bounce play on the quacking duck
[13:05] {dino} ty
[13:05] {samire} Vad.....which stock broker do you recomend
[13:06] {Threei}  http://www.realitytrader.com/laser.html
[13:06] {dino} 07 all green
[13:08] {samire} ok
[13:11] {RonS} out afl .80  +.44 mini ese size
[13:11] {RonS} nuts...tapped .91
[13:12] {dino} gj ron
[13:12] {RonS} i suck left .20 on table...
[13:13] {RonS} IB only good if you tradue futes and commods...
[13:13] {RonS} trade
[13:15] {samire} Ron......I saw you posting your exit on AFL...did you post your entery ?
[13:15] {RonS} ya shoulda dcc'd...forgot...
[13:16] {RonS} no
[13:16] {samire} why ?
[13:16] {RonS} only post my calls
[13:16] {samire} that is not fair
[13:17] {samire} your exits ?
[13:17] {Threei}  membership doesn't really come with binding obligation to report your every breath
[13:17] {Threei}  now, if I, as a room moderator, would post an exit recommendation without entry... you'd have a case :)
[13:18] {samire} i bought IBM when it was a dollar and still holding
[13:18] {RonS} gj
[13:18] {samire} exit IBM now
[13:18] {samire} + 5 millions
[13:19] {Threei}  samire
[13:19] {Threei}  suggestion:
[13:19] {RonS} w/ that stuff...wait 'till Magoo shows up...he might care
[13:19] {samire} yes
[13:19] {Threei}  adopt the rules and customs room exists with for over 10 years
[13:20] {Threei}  instead of trying to make us live by yours
[13:21] {samire} selling GOOG here.......+ 10 millions
[13:21] {Threei}  congratulations
[13:21] {samire} thanks
[13:21] {RonS} now...back to important stuff...Greek news...
[13:21] {nemo} vaseline please
[13:21] {RonS} :D
[13:21] {Threei}  whatever other members do and post is not really your concern. You find someone's posts irelevant, use ignore feature
[13:22] {RonS} lol...feel like jf...where is it?
[13:22] {nemo} afl might be setting up for another run here
[13:22] {Threei}  haven't seen Greece news in a while
[13:22] {nemo} not since yesterday
[13:23] {RonS} am holding breath...
[13:23] {Threei}  this morning actually
[13:23] {nemo} no, I haven't seen any since yesterday
[13:24] {Threei}  (GR) Greece Fin Min Constantinou: To continue with reforms, fiscal tightening policy despite the recession
[13:24] {Threei}  - To announce additional 6B in austerity in coming days
[13:24] {Threei}  - Will attain 2011 deficit target of 7.5% of GDP
[13:24] {Threei}  - Reiterates that Greece has a difficult task ahead, will forge ahead
[13:24] {Threei}  - It is possible to reduce public jobs to reduce the puclic sector
[13:24] {RonS} freakin Greece...who cares?  give them the boot and get on w/ life
[13:24] {Threei}  yeah right
[13:24] {RonS} lol, phew...breathing again
[13:24] {Threei}  contagion man, contagion
[13:24] {nemo} you'd be doing us a favor if you'd stop, Ron
[13:25] {RonS} ok
[13:25] {Threei}  lol
[13:26] {nemo} btw samire, just so you know, if I'm interested in a stock, I pretty much just say where.  Entries may be a matter of choice depending on your level of aggressiveness
[13:27] {nemo} same with exits
[13:27] {dino} on that topic sami, do not follow me, i trade differently than most.
[13:28] {nemo} although, dino often points out stocks that are setting up for big moves...
[13:28] {davd} im still trying to figure out when ibm was a dollar?
[13:28] {RonS} lol
[13:28] {dino} 50s
[13:29] {RonS} rotflol
[13:29] {Threei}  Back to the Future, part II
[13:29] {nemo} yeah...when they still made typewriters
[13:30] {nemo} means samire's real name might be methuselah
[13:30] {Threei}  OK, in case anyone is still interested in trading
[13:31] {nemo} trading?
[13:31] {Threei}  watch SLW,
[13:31] {Threei}  pullback under .60 for possible double bottom
[13:31] {nemo} loved my selectric II
[13:34] {nemo} this is opex week right?
[13:35] {RonS} yep...3rd friday of every month...
[13:37] {RonS} wow dino still got bid?
[13:39] {dino} no, sold/posted out at 40.80, +.60
[13:44] {RonS} hgsi running
[13:58] {dino} f'ng weather, golf league tonight and it's 60 degrees and raining. all it does for two months is rain
[14:00] {Threei}  global warming
[14:01] {RonS} time to take up bowling...
[14:02] {dino} just makes for a boring spring
[14:02] {Threei}  *FOMC MINUTES OF APRIL 27 MEETING: HAD DETAILED EXIT STRATEGY TALKS, MBS RUN OFF AS FIRST STRATEGY STEP
[14:02] {Threei}  - Normalizing the stance of policy would entail the withdrawal of the current extraordinary degree of accommodation at the appropriate time, while normalizing the conduct of policy would involve draining the large volume of reserve balances in the banking system and shrinking the overall size of the balance sheet, as well as returning the SOMA to its historical composition of essentially only Treasury securities. The presentation noted a few key issues that the Committee would need to address in deciding on its approach to normalization
[14:04] {Threei}  - Most participants saw changes in the target for the federal funds rate as the preferred active tool for tightening monetary policy when appropriate. A number of participants noted that it would be advisable to begin using the temporary reserves-draining tools in advance of an increase in the Committee's federal funds rate target
[14:13] {dino} agn spike
[14:15] {dino} sm s .99
[14:19] {RonS} afl round trip...
[14:22] {dino} db?
[14:23] {Threei}  (US) US Official: There are no plans to revise deadline of Aug 2nd for debt limit changes- REMINDER from 5/2: Treasury Sec Geithner: Debt ceiling to be reached on May 16 as forecast, now feels can use more 'special measures' to push back limit to Aug 2 vs July 8 prior forecast.
[14:23] {Threei}  look at UUP
[14:23] {samire} slw is getting interested
[14:23] {Threei}  it looks like FOMC minutes impress market as largely focused on exit measures
[14:24] {dino} afl sm l .00
[14:25] {Threei}  thus, UUP up, SLW/GLD.USO down
[14:25] {dino} uup up mkt down
[14:28] {dino} cov agn .65, +.34
[14:28] {RonS} gj
[14:30] {dino} ty
[14:30] {dino} odd day, 5 of 6 w/7th open itm
[14:31] {dino} soda nuts
[14:31] {dino} afl to b/e
[14:31] {RonS} .14
[14:36] {Threei}  oh god
[14:36] {Threei}  they showed Arnold's beau on TV
[14:37] {Threei}  he has a taste of a robot
[14:37] {RonS} lol
[14:37] {dino} yeah, was disappointed
[14:37] {Threei}  I'll think she looked differently 10 years ago
[14:38] {dino} i hope so
[14:39] {dino} afl stop flat
[14:40] {dino} calling it a day, thx for ideas, good time
[14:40] {RonS} gj...that duck is one dead goose
[14:40] {Threei}  take care dino
[14:40] {dino} will do
[14:40] {RonS} have fun hacking it up in the rain
[14:51] {samire} today we traded only at the first 2 hours....can any body confirm ?
[14:51] {samire} I meant Vad
[14:51] {Threei}  12:22] {Alert} Threei Long Setup: AFL .25 if holding .15
[14:52] {Threei}  last alert
[14:54] {Threei}  are you gathering stats?
[14:54] {samire} no
[14:54] {samire} i was at lunch
[14:54] {samire} was that a winner ?
[14:55] {Threei}  big one
[14:55] {samire} thanks...
[15:10] {Threei} Long Setup:  SLW  .40 break
[15:10] {Threei}  just a scalp
[15:10] {Threei}  is stays above .35
[15:11] {davd} in slw
[15:15] {gregns} cmon uup, drop just a tad
[15:16] {Threei}  amazing how tight it has become
[15:29] {Threei}  so, here is a russian joke (ron, hold tight)
[15:29] {Threei}  little johnny (different name in russian but the same character)
[15:30] {Threei}  comes to the school, all sad
[15:30] {Threei}  says, just from garndfather's funeral
[15:30] {Threei}  teachers asks what happened
[15:30] {Threei}  he says, fire in the apartment
[15:30] {Threei}  teacher: he burned??
[15:31] {Threei}  johnny: no, firemen put a net under the windonw and he jumped out
[15:31] {Threei}  teacher? missed and fell to his death??
[15:31] {Threei}  johnny: no... net worked as a trampoline, and he went back in the window
[15:31] {Threei}  teacher: so, butned??
[15:31] {Threei}  no, jumped out again
[15:31] {gregns} .38 to .48, ty
[15:31] {Threei}  fell??
[15:31] {Threei}  no, jumped back in again
[15:32] {Threei}  teacher: so what the hell happened??
[15:32] {Threei}  johnny: after 15th time firemen shot him
[15:32] {Threei}  guess why I remembered it
[15:32] {Threei}  anyone?
[15:32] {RonS} slw price action?
[15:32] {davd} slw up
[15:33] {Threei}  right :)
[15:33] {Threei}  SLW went up and down so many times, I wanted to shoot it, and I knew it looked familiar
[15:33] {Threei}  worked finally
[15:33] {gregns} lol
[15:34] {Threei}  Ron, you survived the joke
[15:34] {Threei}  your tolerance obviously increases
[15:34] {RonS} not soviet...
[15:34] {Threei}  we will move to those when you feel strong enough
[15:39] {davd} out slw +.03
[15:39] {Threei}  wow... why so low?
[15:40] {Threei}  or was it partial?
[15:40] {davd} i did a 1:1
[15:40] {Threei}  ok... I treated it as a scalp
[15:41] {Threei}  but hey, there is nothing wrong with little greed
[15:41] {davd} hit .5 so moved to brk even
[15:43] {nemo} Hey Vad, it's o.k....why don't you go home and take tomorrow off too
[15:43] {Threei}  why?
[15:43] {nemo} why not
[15:43] {Threei}  just not sure where it's coming from
[15:43] {Threei}  you annoyed with me that much?
[15:44] {nemo} ?
[15:44] {Threei}  just shoot me like firemen shot that old man
[15:44] {nemo} ?
[15:44] {Threei}  never mind... forgot you are in coma
[15:44] {Threei}  and from detroit
[15:46] {Threei}  ok guys, no more trades today
[15:46] {Threei}  decent day
[15:46] {Threei}  no need to pusgh on last minutes
[15:46] {Threei}  thank you all, have a great evening
[15:46] {Threei}  see you tomorrow
[15:46] {larisa} bye :)

May 17 2011

The best day this month probably - one stop, a lot of nicely working trades, anywhere from 1:1 to 1:3. Nice reward for patient careful trading of last couple weeks.

Session Time: Tue May 17 00:00:01 2011
[08:56] {Threei}  (GR) German Dep Fin Min: Grrek review extended by one week
[08:56] {Threei}  probably because it goes so well, they want to extend the joy
[09:06] {Threei}  HPQ... .60 break lookas tempting
[09:08] {davd} gm all
[09:08] {Threei}  favd :)
[09:08] {Threei}  ummm... f=d...
[09:16] {Threei}  (US) APR INDUSTRIAL PRODUCTION: 0.0% V 0.4%E; CAPACITY UTILIZATION:76.9 % V 77.6%E
[09:21] {Threei}  (IC) S&P revises Iceland sovereign outlook to Negative from Stable; affirms BBB- rating
[09:24] {davd} iceland, that is so 5 yrs ago.
[09:24] {Threei}  watchinf HPQ .60 break for short; SLW .40 break
[09:25] {Threei}  hey, recycling is the way to live in these uncertain times
[09:26] {dino} gm all
[09:26] {Threei}  dino :)
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} vad :)
[09:27] {Threei}  dino, dcc
[09:27] {ese} gm
[09:27] {Threei}  ese :)
[09:27] {RonS} gm
[09:28] {ese} ron vad dave laris et al...
[09:28] {Threei}  ron :)
[09:28] {ese} dino
[09:30] {Threei}  anyone went for HPQ 1:2
[09:31] {Threei} Short Setup: SLW  .40 break
[09:32] {Threei}  1:1
[09:33] {Threei}  (CZ) Czech Central Bank's Singer: Talks on euro adoption are only "theoretical" at the moment
[09:33] {Threei}  lol, even theoretical seems too much
[09:34] {Threei}  1;2
[09:35] {Threei}  samire, look private message
[09:39] {Threei} Long Setup:  SLW  .05 break
[09:39] {Threei}  if stays above .95
[09:40] {Threei}  target .30 or so
[09:42] {Threei}  1:1
[09:42] {Threei}  stop for the balance to .99
[09:42] {dino} wlk sm l .75
[09:45] {Threei}  1:2
[09:45] {Threei}  out in full .33
[09:46] {Threei}  easy money
[09:46] {davd} out slw
[09:46] {Threei}  jf sleeps through
[09:47] {Threei}  (SY) UN Security Council is getting close to 9 votes regarding a resolution for Syria - French Foreign Min
[09:47] {Threei}  oh boy
[09:47] {Threei}  what are they going to do there
[09:47] {Threei}  another "mission"?
[09:47] {Threei}  Belarus may request support from IMF - financial press
[09:47] {Threei}  ,IMF} OK, who is going to support us?
[09:49] {Threei} Short Setup: FCX  47 break
[09:49] {nemo} little fast
[09:49] {Threei}  1:1
[09:50] {Threei}  Adobe Systems Inc Hearing strength attributed to takeover chatter- Microsoft rumored as potential acquirer at $48.50/shr
[09:51] {Threei}  valid again, same setup but half lot
[09:51] {Threei}  (BR) Brazil Gov't official: Next IMF head should come from an emerging market country but will not press the issue
[09:51] {Threei}  I have another idea
[09:52] {Threei}  how about we pick the most comptetent, not the most politically correct?
[09:52] {dino} anth spike
[09:52] {Threei}  novel concept, eh?
[09:52] {Threei}  dino, look dcc pls
[09:52] {Threei}  invalidated FCX
[09:53] {davd} nemo at what time is vwap statistically valid?
[09:53] {Threei} Short Setup: SLW  .45 break
[09:54] {Threei}  if stays under .55
[09:54] {Threei}  invalidated
[09:54] {Threei}  hit 1:1 on a long side faster than I could alert two-sided
[09:56] {dino} 3i ok
[10:00] {dino} out wlk .77, +1.02
[10:00] {Threei}  watching CAT for long entry on pullback
[10:01] {Threei}  wtg dino
[10:01] {dino} ty
[10:02] {Threei} Long Setup:  CAT  .65 break
[10:02] {Threei}  stop under .55
[10:02] {Threei}  EU spokesperson: 2012 budget for EU is supported by 12 member states - press
[10:03] {Threei}  no go
[10:04] {Threei} Long Setup:  RIMM  .80 break
[10:08] {Threei}  wow CAT
[10:08] {Threei}  what a smackdown
[10:08] {Threei}  bounce time
[10:08] {Threei}  .10 break
[10:08] {Threei}  if holding 104
[10:09] {Threei}  invalidated, but on a radr
[10:09] {Threei}  10 cents ranges
[10:09] {Threei}  104 break if holding .90 etc
[10:10] {Threei}  1;1
[10:11] {Threei}  RIMM 1:1
[10:12] {Threei}  LVS
[10:12] {Threei}  watch for long entry near .80 on pullback
[10:13] {Threei}  first uptick
[10:13] {Threei}  if stays above .70
[10:13] {Threei}  in
[10:13] {Threei}  .79 and .80
[10:16] {Threei}  the dike at .84 needs to go away
[10:16] {Threei}  then LVS explodes
[10:16] {Threei}  here we go
[10:16] {Threei}  1;1
[10:17] {Threei}  can I go home?
[10:18] {nemo} yeah, I'm done...
[10:19] {dino} irf sm l .01
[10:19] {Threei}  1:2
[10:20] {dino} ai sm l ave .28
[10:21] {Threei}  how the hell can it be true
[10:21] {Threei}  http://www.businessinsider.com/nearly-half-of-detroiters-cant-read-2011-5#ixzz1MREEUfjx
[10:21] {Threei}  1:3, out
[10:22] {RonS} the people who could read have left
[10:22] {Threei}  yes... but how can there be so many of those who can't
[10:24] {dino} they do not flunk students anymore, thats how
[10:25] {Threei}  still... I don't get it
[10:25] {Threei}  how does a person survive not being able to read?
[10:25] {Threei}  you need to read instructions on a cereal box
[10:26] {Threei}  on a bag of linguini
[10:26] {Threei}  road signs
[10:26] {Threei}  driving manual
[10:26] {Threei}  prices in the dstore
[10:26] {Threei}  sign the credit application or rent agreement
[10:26] {Threei}  so many tasks that can't be accomplished wihtout basic reading skill
[10:35] {dino} out ai .68, +.40
[10:40] {Threei}  (LB) Libya Govt indicates it has received no information that the state oil minister has defected or resigned from post- Reminder: Earlier reports indicated that the Oil Min Ghanem had defected to Tunisia
[10:41] {ese} L plow .59
[10:42] {ese} might have a live one here dino
[10:43] {RonS} got the secondary offerring story on plow ese?
[10:43] {dino} ok
[10:44] {ese}  Announces pricing of 5M share secondary offering at $14.50/shr- announced the pricing of its secondary offering of 5,000,000 shares of its common stock by certain of its stockholders, including affiliates of Aurora Capital Group and Ares Management, at a price to the public of $14.50 per share. The selling stockholders have also granted the underwriters a 30
[10:44] {dino} 5m at 14.50
[10:44] {ese} ay option to purchase up to an additional 750,000 shares to cover over-allotments, if any.  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[10:44] {ese} day option
[10:45] {ese} out 1/2 .72 1.5K plow
[10:45] {ese} stop balance to .60
[10:47] {ese} out another 1/4 .90 +.51
[10:48] {ese} out in full .98 last 1/4 +.39
[10:49] {ese} that should be +.31 on that 1/4
[10:49] {Threei}  SLW, bounce hunt
[10:50] {ese} not .51
[10:50] {gregns} tks ese for the plow
[10:50] {Threei}  nice anyway ese
[10:51] {ese} tks
[10:51] {Threei} Long Setup:  SLW  .60 break
[10:51] {Threei}  if holding .50 of course
[10:51] {ese} that maybe the first time vad that i've done what you do...1/2 then 1/4 then 1/4
[10:51] {Threei}  cool :)
[10:52] {nemo} market dropping
[10:52] {ese} your welcome G
[10:52] {nemo} popped your partialing cherry
[10:52] {ese} lol
[10:52] {Threei}  lol
[10:53] {ese} hopefully patience or laris aren't reading that
[10:53] {nemo} cmon nothing they haven't hearc before
[10:54] {ese} ya .......what am i thinkin
[10:54] {Threei}  more than that - nothing they wouldn't come to expect from nemo
[10:54] {dino} gj es
[10:56] {ese} lol
[11:02] {Threei}  don't see any news for thiks wave of selling
[11:03] {Threei}  strange phrase:
[11:03] {Threei}  (UK) PM Cameron: The UK cannot afford fiscal stimulus spending currently, but it can help boost the supply side of the economy
[11:03] {Threei}  no demand is the problem
[11:03] {Threei}  what do you achieve boosting supply side?
[11:04] {Threei}  supply side is running around looking for buyers
[11:04] {RonS} 19th century idea...french economist Say:  supply creates demand...
[11:06] {RonS} u can think AAPL products...
[11:06] {RonS} problem is how do you mandate supply
[11:06] {ese} huh.....
[11:06] {Threei}  tell that to manufacturers who are putting their factories and conveyers on a timeout
[11:06] {Threei}  AAPL products is completely different story
[11:07] {ese} whats the reasoning behind that guys theory
[11:07] {RonS} not really
[11:07] {Threei}  it's innovation, creating new products, thus creating market that didn't exist before
[11:07] {Threei}  what do you do with steel manufacturer
[11:07] {RonS} thus creating a supply...
[11:07] {Threei}  concrete
[11:07] {Threei}  cement
[11:08] {Threei}  basic things, traditional market
[11:08] {Threei}  diminished demand kills them
[11:08] {RonS} talk to cameron, not me...
[11:08] {Threei}  increase of supply won't get them anywhere
[11:09] {Threei}  {ese} whats the reasoning behind that guys theory - I'll takwe this one
[11:09] {dino} gotta hop, out irf -.18. see you tomorrow
[11:09] {RonS} cya dino
[11:09] {Threei}  "I need to write something, get published and discussed, maybe invited to speak somewhere, so I have something to try and capitalize on"
[11:09] {Threei}  take care dino
[11:09] {Threei}  that's the reasoning
[11:10] {ese} cya dino
[11:10] {ese} everybody has an opinion for sure vad
[11:16] {Threei}  IMF chief found someone to give him alibi
[11:26] {Threei}  (GR) EU's Rehn: Greece must increase the pace of structural and fiscal reform; cannot delay privitization of govt entities
[11:26] {Threei}  - Calls for Greece to make decisive steps in the coming days before the EU decision due shortly on aid measures
[11:26] {Threei}  {Greece} go away
[11:28] {Threei}  feels like selloff is about to accelerate
[11:31] {RonS} rimm s 3i?
[11:31] {Threei}  .80 break?
[11:31] {Threei}  I like it
[11:33] {Threei}  1;1
[11:34] {Threei}  1:2
[11:34] {Threei}  The Day When Everything Worked
[11:34] {RonS} out +.20 thanks
[11:35] {Threei}  your find
[11:35] {Threei}  we are having mini-crash
[11:35] {Threei}  one of those larisa used to hate
[11:36] {Threei}  [11:28] {Threei} feels like selloff is about to accelerate
[11:58] {Threei}  RIMM doesn't bounce
[11:58] {gregns} inverted c & h on RIMM ? break @ .50 ?
[11:58] {Threei}  .50 break looks l,ike another short trigger
[11:59] {Threei}  lol greg
[11:59] {Threei}  reasding minds much lately?
[11:59] {gregns} naw
[12:26] {Threei}  US) Moody's cuts State of Hawaii GO rating one notch, to Aa2 from Aa1
[12:32] {nemo} vvus
[12:34] {Threei}  VIVUS, Inc Presents positive Phase III data on Avanafil at American Urological Association Annual Meeting
[12:34] {Threei}  - Positive results from a pivotal phase 3 open-label clinical trial evaluating long-term safety and efficacy of the investigational drug avanafil for the treatment of erectile dysfunction (ED) were presented at the 2011 Annual Meeting of the American Urological Association in Washington, D.C. The top-line results had been previously reported; however, the presentation by Dr. Belkoff marks the first time these results have been presented at a major medical meeting.
[12:34] {Threei}  - The study met all primary endpoints by demonstrating sustained improvement from baseline in erectile function as measured by the Sexual Encounter Profile (both SEP 2 and SEP 3) and improvements in the International Index of Erectile Function (IIEF). The study also indicated that successful intercourse (as measured by SEP 3) was achieved as early as 15 minutes, consistent with results from previously reported phase 3 double-blind, placebo-controlled studies.
[12:44] {Threei}  Intel Corp CFO: Not concerned about tablet market cannibalizing other markets, data shows customers use many devices - investor day
[12:44] {Threei}  I am yet to find a reason to use a tablet
[12:55] {ese} hmmmmmm ATHR
[12:56] {ese} nahhhh forget it.......looked at the chart wrong
[12:57] {Threei}  I forgot it before looked at chart
[12:57] {Threei}  typed first two letters, and bam... can't remember last two
[13:06] {Threei}  be back in 20
[13:28] {Threei}  Hewlett-Packard Co Hearing Goldman Sachs upgrades rating to Neutral from Sell
[13:39] {Threei}  VVUS tries to rally
[13:39] {nemo} looking a little limp
[13:40] {ese} gotta go......you all have a great rest of the day.
[13:40] {Threei}  JPM
[13:40] {Threei}  PMorgan Chase and Co Declares regular $0.25/shr dividend- The dividend is payable on July 31, 2011, to stockholders of record at the close of business on July 6, 2011
[13:40] {Threei}  take care ese
[13:42] {davd} amzn red
[13:42] {Threei}  VVUS broke
[13:50] {Threei}  so, if we buy 1000 shares JMP July 6 and hold it for 3 and half weeks, we get paid $250?
[13:53] {Threei}  don't rush to answer all at once
[14:10] {nemo} TWI
[14:12] {Threei}  (GR) Greece PM Papandreou: Economy is not in bad shape, was only mismanaged; Greece is committed to meeting its responsibilities
[14:12] {Threei}  - Would like to see more coordinated fiscal policy amongst EU nations.
[14:13] {Threei}  obese patient is not in a bad shape, has only overeaten
[14:13] {Threei}  body on the pavement is not in bad shape, has only dropped from the skyscraper
[14:14] {Threei}  2-door car is not in a bad shape, was only hit by a train
[14:15] {Threei}  thank you Papandreou, that made for entertaining 3 minutes
[14:36] {Threei}  Child Named after Facebook "Like" Button
[14:39] {RonS} evil twin is "don'tlike"?
[14:44] {Threei}  I guess
[14:45] {Threei}  I envision exchange:
[14:45] {Threei}  Like unfriended me today
[14:48] {Threei}  frikin' tweetin' nation...
[14:48] {Threei}  half of which can't read
[14:49] {RonS} your great grandfather said the same about the phone
[14:50] {Threei}  I am sure
[14:50] {Threei}  and wasn't he right... who needs phone when we have Skype {G}
[14:52] {RonS} sheesh...well hope china allows skype...daughter moves to shanghai w/ hubby and new baby end of august
[14:52] {Threei}  to teach enlgihs?
[14:53] {RonS} no, he got a big job...she will stay home...
[14:54] {RonS} one level below partner in consulting firm...and only 29
[14:54] {Threei}  cool
[14:54] {Threei}  as of now, Skype is available in China although it could change any time
[14:55] {RonS} good to know...i had heard there was some move to kill it
[14:55] {Threei}  yes...
[14:55] {Threei}  as in Russia
[15:08] {Threei} Long Setup:  SLW  .10 break
[15:08] {Threei}  if holding 34
[15:14] {Threei}  1:1
[15:15] {Threei}  half out, stop to .07
[15:18] {Threei}  UUP is bout to make new low
[15:19] {Threei}  if loses .58, should help SLW balance
[15:19] {Threei}  nope
[15:20] {Threei}  (LB) Tunisia Govt considering reporting Libya to the UN
[15:33] {Threei} Short Setup: FCX  47 break
[15:37] {Threei}  SLW rinsed second half
[15:41] {Threei}  come on FCX
[15:41] {Threei}  die already
[15:45] {Threei}  finally
[15:45] {Threei}  1;1
[15:46] {Threei}  1:2
[15:47] {Threei}  out in full
[15:47] {Threei}  best day in a while
[15:47] {Threei}  on this, allow me to retreat for the night
[15:47] {Threei}  thank you al, havge a good evening
[15:47] {Threei}  see you tomorrow
[15:48] {larisa} bye :)

May 16 2011

Carbon copy of the last week so far - slow, boring but profitable.

Session Time: Mon May 16 00:00:00 2011
[08:50] {Threei}  (GR) Greece has agreed to take stronger approach to spending and raising revenue, adopts 'more realistic' goals for economy - financial press citing EU and IMF executives
[08:50] {Threei}  - Agrees to additional spending cuts and clearer revenue targets; talks are not yet over with more information on asset sales and fiscal plans still needed
[08:50] {Threei}  - EU and IMF inspectors still see gaps in Greek plans and still need answers from Greece on fiscal plan, sell-offs to conclude visit
[08:51] {Threei}  additional spending cuts? they have riots on the streets as it is
[09:17] {Threei}  (EU) Germany Fin Min Schaeble: The IMF will be able to handle the ongoing euro zone crisis; EU is on track to approving aid for Portugal
[09:17] {nemo} I feel better already
[09:17] {davd} ah another sex scandal
[09:17] {Threei}  don't because:
[09:17] {Threei}  (EU) Netherlands Fin Min de Jager: Greece is not on the right track; Greece requires additional austerity before more money can be givenNeeds to hear further measures Greece intends to incorporate
[09:17] {Threei}  - Portugal must work out its economic reforms
[09:18] {dino} gm all
[09:18] {Threei}  dino :)
[09:18] {Threei}  davd, you mean EU and Portugal? {G}
[09:21] {davd} imf head and hotel maid
[09:21] {Threei}  I know :)
[09:21] {larisa} gm :)
[09:21] {Threei}  larisa :)
[09:21] {Threei}  but EU and Portugal fall under definition too... just as EU and all others
[09:23] {davd} yes portugal is raping eu :P
[09:24] {davd} or a wood allen would say, greece is trying to do to germany what imf tried to do to the maid
[09:25] {Threei}  (GR) Belgium' Fin Min Reynders: Greece will have to make another step in program; hopeful for a deal on a Portugal program today, and can assist Greece without moving it towards default
[09:25] {Threei}  (GR) EU Commission: 50% haircut on Greek debt would still not bring debt to GDP ratio below 100%
[09:26] {dino} lol davd
[09:29] {Threei}  don't be surprized but... looking at SLW short,
[09:29] {Threei}  .65 break
[09:29] {Threei}  need spread to tighten
[09:30] {Threei} Short Setup: SLW  .65 break if stays under .75
[09:31] {Threei}  invalidated
[09:32] {jfjf64} mornin
[09:32] {Threei} Short Setup: SLW  .70 break
[09:32] {Threei}  jf :)
[09:32] {Threei}  if stays under .80
[09:33] {Threei}  invalidated
[09:33] {nemo} I took it long .81
[09:33] {Threei}  yup
[09:33] {nemo} half out .06
[09:33] {gregns} gj nemo
[09:34] {nemo} stop .94
[09:34] {Threei}  (US) Treasury Sec Geithner reiterates that debt limit needs to be raised by August 2- notes will access two federal retirement funds as part of special measures to deal with reaching debt ceiling
[09:34] {Threei}  - Treasury affirms debt ceiling will be reached today, as expected (special measures expected to extend Treasury's abilities through to August 2)
[09:34] {nemo} ltna .31
[09:34] {nemo} half out .41
[09:35] {nemo} 1/4 more slw .20
[09:35] {Threei} Short Setup: RIMM  .90 break
[09:35] {nemo} 1/4 more tna .91
[09:36] {nemo} stop tna .79
[09:37] {Threei}  RIMM correction, .15 break
[09:37] {Threei}  if stays under .25
[09:37] {Threei}  1:1
[09:38] {nemo} out slw .28
[09:38] {nemo} dummy
[09:38] {nemo} still in tna
[09:39] {nemo} out if she drops .90
[09:39] {Threei} Short Setup: SLW  .30 break
[09:39] {Threei}  if stays under .40
[09:40] {nemo} out tna .89
[09:40] {Threei}  .40 new trigger
[09:40] {Threei}  10 cents ranges from here
[09:41] {nemo} frig, shaken out of tna ,should have stuck with .79 as stop
[09:41] {Threei}  1:1
[09:42] {Threei}  same setup again
[09:42] {Threei}  .60 break
[09:42] {Threei}  not a scalp
[09:43] {Threei}  target .25 at least
[09:43] {Threei}  1:1
[09:43] {Threei}  stop .66
[09:46] {Threei} Long Setup:  X  .20 break
[09:46] {Threei}  half lot
[09:46] {Threei}  stop under .10
[09:46] {Threei}  1:2 target, two partials
[09:48] {Threei}  no go X
[09:49] {dino} vit sm l .00
[09:52] {Threei} Long Setup:  FCX  .90 break
[09:53] {Threei}  stop under .80
[09:53] {Threei}  1:1
[09:55] {Threei} Long Setup:  RIMM  43 break
[09:55] {Threei}  stop under .90
[09:57] {jfjf64} what ya tk ya viatimins today
[09:57] {Threei}  held by fingertips
[09:58] {nemo} numbers in 2 minutes
[09:58] {jfjf64} gold  stocks   look  ready  for  explosion
[09:59] {dino} vit stop -.21
[10:00] {Threei}  out RIMM
[10:00] {Threei}  flat
[10:00] {Threei}  *(US)MAY NAHB HOUSING MARKET INDEX: 16 V 17E
[10:01] {Threei}  great, now it goes
[10:03] {Threei}  X was a rinse
[10:04] {RonS} dollar driven 3i...
[10:04] {Threei}  (GR) ECB's Bini Smaghi: Greece debt restructuring would create contagion in the euro zone and would not solve the sustainability issue
[10:04] {Threei}  - An extension of Greek debt maturities could trigger a credit event.
[10:04] {Threei}  - Greece needs more long-term financial aid.
[10:04] {Threei}  - Debt restructuring would not be a positive for Europe.
[10:04] {Threei}  yeah
[10:07] {ese} morning,,,,,,,,, slept n
[10:07] {Threei}  ese :)
[10:09] {dino} vit rinsed
[10:10] {Threei}  9% Rate Economy Good or Excellent, 54% Say Poor
[10:12] {Threei} Short Setup: X  .50 break
[10:14] {Threei}  dollar is trying to green a bit
[10:15] {Threei}  invalidated
[10:22] {Threei}  watch NVDA for long entry if pulls back to .80
[10:30] {dino}  wlk sm l .73, stop lod
[10:30] {jfjf64} syk
[10:34] {Threei} Short Setup: SLW  .80 break
[10:35] {Threei}  invalidated
[10:38] {Threei} Short Setup: SLW  .90 break
[10:38] {Threei}  stop is obvious
[10:39] {Threei}  target 1:3
[10:39] {Threei}  1:1
[10:39] {ese} L DAR .74
[10:40] {ese} stop .64
[10:41] {nemo} SLW has vwap support at .65
[10:42] {ese} nemo....do use intelliscan to get that vwap scan?
[10:42] {Threei}  scalpers win
[10:42] {nemo} no, it's built in to Freestockcharts.com
[10:43] {ese} ahhhhhh......
[10:43] {ese} out 1/2 dar }87
[10:44] {ese} balance to break even .75
[10:44] {Threei}  there are a few alerts with it in Iscan, ese
[10:44] {ese} break even is .74 but for the commish
[10:44] {Threei}  crossed above or below VWAP
[10:44] {Threei}  positive ir negative divergence
[10:45] {ese} ya ....have seen it ....just wonder how effective nemo has found it....vwap trigger
[10:45] {nemo} here ese:    http://www.freestockcharts.com?emailChartID=c9a3a87a-b150-49d5-9bf2-12a6a0d10550
[10:45] {nemo} it just gives you additional geography
[10:46] {Threei}  as if we weren't confused enough with what we have
[10:46] {ese} ya for sure
[10:47] {dino} indeed
[10:47] {nemo} I find iwm and spy often obey around the vwap
[10:47] {ese} tks
[10:48] {nemo} as a matter of fact, look at iwm and spy this morning with the vwap
[10:48] {ese} thats cool nemo......runs it as a moving average....i didn't know that it was there
[10:49] {nemo} yeah, I watch the reaction of the stocks at the levels,
[10:51] {ese} have you ever thought about subscribing to free stock charts
[10:51] {nemo} not really, don't seem to need any of the other functions
[10:52] {RonS} and have the name change to "notsofree"?
[10:52] {ese} lol
[10:52] {nemo} it's a stepping stone to get you to Telecharts
[11:00] {ese} what time frame do you use the vwap 1min, 5min?
[11:01] {nemo} all of them, it calculates vwap for that day
[11:01] {nemo} it's consistent across time frames
[11:01] {ese} out
[11:02] {ese} dar stop to .85
[11:02] {ese} am not out...miss print
[11:03] {RonS} better than missed(ed) out
[11:03] {ese} out now DAR .00 +.26 on blance
[11:03] {RonS} gj ese...greater fool theory, eh?
[11:04] {ese} tks
[11:04] {ese} ahhhhhh...it's a new word..."blance"
[11:04] {ese} shortens up balance nicely........vad would be proud
[11:04] {Threei}  I am
[11:05] {ese} lol
[11:07] {Threei}  USD is on a smooth slide today, and SPY is on just as smooth rise
[11:08] {Threei}  amazing how market became a currency trade
[11:11] {Threei} Short Setup: RIMM  .20 break
[11:11] {Threei}  if stays under .30
[11:21] {RonS} where's jf w/ the war cry...
[11:21] {Threei}  lol
[11:21] {RonS} dieeeee.....
[11:22] {jfjf64} jf quiet
[11:22] {jfjf64} today
[11:22] {RonS} ug
[11:22] {Threei}  must be snowing in hawaii
[11:22] {Threei}  1:1
[11:22] {jfjf64} dieeeeeeeeeeeeeeeeee
[11:22] {RonS} ty
[11:27] {RonS} ...finally rimm .21 to .04  thanks 3i...and jf
[11:28] {Threei}  :)
[11:28] {_mohamad} -
[11:29] {Threei}  who are you grading with that minus
[11:33] {nemo} hey ese, go to free stock charts activate vwap and look where rimm bounced
[11:33] {Threei}  don't do it ese
[11:34] {Threei}  I don't know where the catch is but coming from nemo it just has to have one
[11:36] {davd} i see it - off the vwap
[11:36] {nemo} no catch, just the ugly truth
[11:36] {davd} nemo gets 50c per visit
[11:36] {Threei}  yeah buit truth sues him for defamation
[11:39] {RonS} dunno 3i, story from many that have credence 3i is that fundie traders are graded by capturing vwap ave or better for buy or sell programs
[11:40] {RonS} graded and paid accordingly
[11:41] {Threei}  ummm
[11:41] {Threei}  if that's true, then what is the role of skill at all?
[11:42] {Threei}  vwap is calculated and available for anyone who bothers to look, no skill required
[11:42] {Threei}  any monkey from the street can be trained to bid under it or offer above it
[11:42] {nemo} pivots and vwap are just landmarks on the geography that regularly have an effect.  It allows me to moderate my focus so I don't exhaust myself
[11:43] {Threei}  not what I am saying nemo
[11:43] {RonS} well...if you had 100k's or millions to place or was having someone else do it how would you gauge performance?
[11:43] {nemo} I understand, just telling you what they mean to me
[11:43] {Threei}  Ron.. by the result? :)
[11:44] {Threei}  novel concept for the industry, I know :)
[11:45] {RonS} but the fund manager puts out the orders...the traders have to execute them...so this has become their criteria
[11:45] {Threei}  well, then I must ask: why this job would be anything but minimum vage?
[11:45] {Threei}  wage
[11:46] {RonS} in other words manager says buy 100k sh rimm today...get vwap get slary get vwap + 10% berter get bonus...et al
[11:46] {Threei}  right
[11:46] {RonS} better
[11:47] {Threei}  so, tell me... if you were a trainer for this job, how long would it take you to train a complete newbie to do it?
[11:47] {Threei}  high school educated
[11:47] {Threei}  walk in from the street
[11:47] {Threei}  not a total imbecile, but lacking any skills
[11:47] {Threei}  would it be any longer than burger-flipping?
[11:48] {Threei}  I asm not saying it's not true... could be
[11:49] {Threei}  but if it is, then this job is no longer one that requires skill
[11:49] {Threei}  and won't be desirable high end job for much longer
[11:51] {RonS} at least there is some performance criterion here, unlike coporate ceo or the freakin government
[11:52] {Threei}  yeah
[11:52] {Threei}  a few weeks ago I was contacted by a fund that runs OPM
[11:53] {Threei}  matter of discussion - managing part of their portfolio for the active intraday trading
[11:53] {Threei}  single criteria of being paid: profit
[11:55] {Threei}  so... I guess I'll tell them off... as long as I get prices bettwer than WVAP, I expect to be paid :)
[11:57] {Threei} Short Setup: CAT  .40 break half lot
[11:57] {Threei}  stop above .50
[12:03] {Threei}  1:1
[12:07] {dino}  2357 ndx gap filled
[12:07] {Threei}  over 1:2
[12:07] {Threei}  out
[12:24] {dino} vtus drop
[12:34] {dino} sm l vtus ave .74
[12:43] {Threei}  IMF's Strauss Kahn ordered to be held without bail following defense attorney request for $1M bail amount- Next court appearance scheduled for May 20
[12:44] {Threei}  (PO) EU Finance Ministers agree on 78B Portugal rescue package
[12:44] {Threei}  - Note that an unnamed European ministed noted that there was also an understanding that Greece will need further funding.
[12:44] {Threei}  - European nations are said to be pushing for collateral on any new loans.
[12:44] {Threei}  - European partners remark that Greece's privitization plans are unambitious.
[12:44] {Threei}  - One proposal call for establishment of a panel of outside experts to conduct Greek asset sales.
[12:44] {nemo} ese, look where clf bounced
[12:45] {nemo} oh...he leeft
[12:52] {RonS} aapl lod
[12:56] {davd} amzn too lod
[12:56] {davd} weak hi flyers
[12:59] {Threei}  once again, pure currency move
[13:00] {davd} i dont see it 3i - uup sitting firm down .1?
[13:01] {Threei}  UUP moved up from 21.55
[13:01] {Threei}  sending market down, AAPL and AMZN with it
[13:01] {Threei}  see it?
[13:02] {davd} yeesh who sees amzn support level?
[13:03] {Threei}  195 on daily
[13:03] {davd} ii - see it
[13:03] {dino} wlk sm l .01
[13:03] {Threei}  after that, bottomless for another 10 bucks or so
[13:05] {dino} vit sm l .05
[13:09] {davd} l x 45.3
[13:10] {dino} nit stopped again
[13:10] {dino} vit
[13:11] {RonS} oil futes knifing through s1 97.48
[13:11] {nemo} down or up
[13:12] {RonS} down but now hovering...
[13:12] {nemo} mmmhhh....haven't insulted you today, must be slipping
[13:13] {RonS} es new order flow neg low
[13:16] {davd} amzn 195.37 is 10 day low
[13:16] {RonS} sorry, previous post s/b nq
[13:18] {RonS} feels like everything is trying to catch a falling knife...will be looking for the algo buyers to set the low
[13:19] {RonS} or 3i of course...
[13:19] {Threei}  lol
[13:21] {Threei}  watching SKW for short on 34 break
[13:22] {Threei}  SLW
[13:22] {Threei}  not ready yet but if consolidates abit...
[13:22] {Threei}  and helped by that same onmnipresent UUP of course
[13:29] {Threei}  Imax Corp Ticking higher on chatter the CEO may have pulled out from an upcoming conference- NOTE: IMAX is scheduled to present at a JP Morgan tech conf on May 17.
[13:29] {davd} out x flat
[13:31] {Threei}  Trump Is Out of President Race
[13:32] {RonS} lol
[13:32] {Threei}  was he ever in?
[13:33] {RonS} ...did not want to cause a hair spray shortage...
[13:34] {nemo} nice one
[13:48] {dino}   vit rinsed twice
[13:50] {RonS} old Chinese prover: "going to laundry better than taken to cleaners."
[13:50] {RonS} proverb
[13:52] {RonS} material for 3i book on Confucianism...
[13:53] {nemo} nah...no confucianism here
[13:53] {Threei}  nope
[13:53] {RonS} or maybe his script for a new Charlie Chan movie...
[13:55] {RonS} or a book on dumbass quotes?
[13:55] {RonS} :D
[13:55] {nemo} you're the authority
[13:55] {RonS} true dat
[14:00] {nemo} JCP
[14:01] {RonS} james cash penny
[14:01] {RonS} rimm kinda strong today v aapl
[14:07] {RonS} rimm hod
[14:15] {RonS} dfs 52 week high off coh better loan loss
[14:15] {RonS} cof
[14:38] {davd} good call re amzn threei
[14:39] {davd} ... prep for self depricating joke...
[14:39] {Threei}  lol, I can't chose between them
[14:40] {Threei}  starting with simplistic 'I called amzn?"
[14:40] {Threei}  to "yeah, those chicken entrails do work"
[14:41] {davd} stopped watch correct twice a day?
[14:41] {Threei}  no, nemo has dibs on that one
[14:41] {Threei}  I tried to buy it out from him
[14:42] {nemo} send royalties
[14:42] {Threei}  but his "two boxes of Grey Goose a day" price is a bit too high
[14:42] {nemo} o.k. one a day will be fine...deal
[14:42] {davd} l aapl 333.95
[14:45] {RonS} new nq fute neg order flow low
[14:48] {tomg} short this pb on slw, vad?
[14:49] {Threei}  I think so
[14:49] {tomg} ty
[14:49] {Threei}  it bounced perefectly into resistance
[15:02] {Threei}  you out yet tom?
[15:02] {tomg} yes, at .85
[15:02] {Threei}  :)
[15:05] {Threei}  up or down toward the eod
[15:06] {Threei}  my guts says up
[15:06] {Threei}  anyone has dfferent view?
[15:06] {RonS} up
[15:06] {Threei}  let's see if we can get pullback for entry
[15:06] {davd} imo up.  commodities holding and financial relatively string
[15:06] {Threei}  FCX under .60,
[15:06] {davd} strong
[15:07] {Threei}  X under .10,
[15:07] {Threei}  CAT under .10
[15:13] {davd} how does the 30yr keep going up?  i really cant believe it.
[15:13] {Threei} Long Setup:  X  .10 break
[15:13] {Threei}  if hokding 45
[15:14] {Threei} Long Setup:  CAT  106 break
[15:16] {nemo} did you mean long or short on cat?
[15:16] {Threei}  ummm
[15:16] {Threei}  15:06] {Threei} my guts says up
[15:16] {Threei}  [15:06] {Threei} let's see if we can get pullback for entry
[15:16] {Threei}  [15:07] {Threei} CAT under .10
[15:16] {Threei}  [15:14] {Threei} Long Setup: CAT 106 break
[15:17] {Threei}  I'd say, strong case made for long
[15:18] {Threei}  1:1
[15:35] {Threei}  Microsoft Corp Microsoft and Facebook expanding partnership on Bing search - financial press- Says Google cannot compete with Bing-Facebook links.
[15:36] {Threei}  remind me to back away a few steps while these behemoths are hitting each other with their foreheads
[15:41] {davd} apparently amzn server was used to hack into sony?
[15:51] {Threei}  UUP didn't look like finishing at the high today, did it
[15:51] {tomg} nope
[15:51] {Threei}  surprized me a bit
[15:53] {dino}   wow ndx -1.8% today
[15:54] {dino} next gap areas 12086, 2306, 1312
[15:57] {Threei}  (US) S&P500 testing 1,329 - lowest level since Apr 20th
[15:57] {Threei}  hmmm
[15:57] {Threei}  what is the point of picking arbitrary date and comparing current price with that?
[15:58] {dino} need something to say i guess
[15:58] {Threei}  yeah... what is it about Apr 20 that makes it special? :)_
[15:58] {tomg} Hitler's birthday
[15:58] {Threei}  lol
[15:59] {tomg} :)
[16:00] {Threei}  thank you all
[16:00] {Threei}  havea good evening, see you tomorrow
[16:00] {dino} slow day for me
[16:00] {tomg} thanks vad
[16:00] {Threei}  same here dino, but still in green
[16:01] {dino} gj
[16:01] {dino} been off my game last two days
[16:01] {nemo} My open cinched it for me
[16:03] {Threei}  that was nice long
[16:03] {Threei}  fading the setup
[16:03] {dino} gj nemo
[16:03] {dino} gn all
[16:03] {tomg} gn dino,all
[16:04] {tomg} i wanted to take that break of .80 this a.m. but no guts
[16:04] {tomg} anyway, gj nemo
[16:05] {larisa} bye :)

May 13 2011

The week ended on the same note - boring and profitable. RMBS with its record-setting 7 halts was the most entertaining spectacle. Good thing we stayed away. Must be gut-wrenching to get caught in that.

Session Time: Fri May 13 00:00:00 2011
[08:49] {Threei}  PINCO's El-Erian: reiterates its not clear who will step in and buy US Treasuries at these yield levels once QE2 ends
[08:49] {Threei}  - Says "employment numbers still a little bit shaky" and other recent economic data is showing weakness
[08:50] {nemo} That's a nice way of saying we're screwed
[08:50] {Threei}  yeah
[08:51] {nemo} now...about the eagles...
[08:51] {Threei}  nice p;osition to be in: no way to continue with QE without crashing dollar, and what to do if no one buys those reasuries anymore?
[08:51] {nemo} yeah, the $ crashes
[08:52] {nemo} so....either way, the $ crashes
[08:52] {Threei}  I am not sure it does in latter case
[08:52] {nemo} if no one buys treasuries, how do you finance the debt?
[08:53] {Threei}  on one side, yes...
[08:53] {Threei}  on eanother, we may see the repetition of the scenario when everyone suddenly needs dollars
[08:54] {Threei}  supply dries up, and reserve currency status is still there
[09:04] {RonS} gm...dds gapping up $6.50 w/ 30% short float...12.3 mil sh
[09:04] {Threei}  ron :)
[09:09] {dino} gm all
[09:10] {Threei}  dino :)
[09:10] {nemo} what routing you use Vad?
[09:11] {Threei}  ?
[09:11] {Threei}  why is it suddenlt a question?
[09:12] {nemo} I have no idea why it is suddenly a question
[09:12] {ese} gm
[09:13] {Threei}  ok, I am lost... but I usually use Nasdaq
[09:13] {Threei}  ese :)
[09:13] {nemo} that's what I thought
[09:13] {Threei}  so why do you ask?
[09:13] {nemo} Why do you think?
[09:14] {Threei}  I don't
[09:14] {nemo} obviously
[09:14] {RonS} Analyst Actions: Westlake Chemical Upgraded to Overweight from Neutral at JP Morgan       05/13 06:11 AM
[09:15] {RonS} Price target is raised to $66 from $60
[09:16] {RonS} wlk 1.7 mil sh short
[09:20] {_samire} gm
[09:20] {Threei}  samire :)
[09:23] {Threei}  bizarre
[09:23] {Threei}  Euro Group contemplating asking Greece to pledge collateral against future borrowings - Dealers
[09:23] {Threei}  - Dealers noted thatthe country's 2010 bailout only covered its funding needs for two years under the assumption that Greece could raise 27B in 2012
[09:23] {Threei}  - A second bailout appears unavoidable if Greece cannot raise the funds in 2012 while collateralizing the loans would make a second bailout easier
[09:24] {RonS} w/ what?  the Parthenon?
[09:24] {larisa} gm :)
[09:24] {Threei}  larisa :)
[09:25] {larisa} :)
[09:26] {dino}  lol
[09:26] {Threei}  gap up looks to be a "sell into"
[09:26] {Threei}  SLW looks like short on .35 break
[09:27] {Threei}  hopefully gives us a chance
[09:32] {ese} l vrml .96
[09:32] {Threei} Short Setup: SLW  .30 break
[09:32] {Threei}  if stays under .40
[09:32] {ese} out vrml .41
[09:33] {ese} +.46
[09:33] {nemo} nice ese
[09:33] {dino} gj
[09:33] {ese} tks
[09:33] {ese} don't find them to often right of the bat
[09:33] {Threei} Short Setup: RIMM  .65 break
[09:34] {Threei}  if stays under .75
[09:34] {Threei}  SLW 1:1
[09:34] {Threei}  1:2
[09:35] {Threei}  RIMM 1:1
[09:35] {Threei}  stop to .71 RIMM
[09:40] {Threei}  RIMM is ready to crater
[09:40] {Threei}  needs to lose .50
[09:42] {Threei}  stop to .66
[09:43] {Threei}  over 1:2
[09:43] {Threei}  if holding last part still, stop to .61
[09:44] {Threei}  not covering at 1:3
[09:44] {Threei}  will try to let it ride
[09:44] {Threei}  1:3
[09:44] {Threei}  stop to .55
[09:46] {Threei} Short Setup: SLW  .45 break
[09:46] {Threei}  stop above .55
[09:47] {Threei}  1:1
[09:47] {jfjf64} mornin
[09:48] {Threei}  hey jf
[09:48] {Threei}  (US) Preview: May Preliminary University of Michigan Confidence Index due out at 09:55ET (13:55 GMT)**Consensus expectation: 70.0e v 69.8 April Final
[09:48] {jfjf64} internet probs
[09:48] {jfjf64} cost me
[09:48] {Threei}  yeah
[09:48] {Threei}  last one scalpers win
[09:48] {jfjf64} tao says  no biggie
[09:49] {Threei}  tao, maybe... now, tao practitioner in nemo smacks you up and down with 2x4
[09:49] {jfjf64} lol
[09:49] {nemo} IL
[09:51] {Threei}  RIMM stop to .51
[09:53] {dino} nemo, ty il, +.30
[09:54] {nemo} yeah, I tried to get .02, jumped my bid
[09:54] {Threei} Short Setup: SLW  .45 break
[09:54] {Threei}  if stays under .55
[09:55] {Threei}  invalidated
[09:55] {Threei}  *(US) MAY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 72.4 V 70.0E
[09:57] {dino} irf sm l .50
[10:03] {Threei} Short Setup: X.15  break
[10:03] {nemo} that threw me off
[10:03] {Threei}  too fast...
[10:03] {Threei}  see if gives second chance
[10:04] {ese} IL nemo.......nice spot
[10:04] {Threei}  X got away
[10:09] {Threei} Short Setup: FCX  .80 break half lot
[10:10] {Threei}  let's make it aggressive, 90
[10:10] {Threei}  if stays under 49
[10:10] {Threei}  invalidated
[10:15] {jfjf64} rig
[10:15] {jfjf64} dtop
[10:15] {jfjf64} 69.00
[10:15] {jfjf64} ?
[10:15] {Threei}  looks like
[10:16] {Threei}  unless breaks
[10:16] {Threei}  .90 break, half lot
[10:16] {Threei}  worth trying
[10:16] {Threei}  if stays under 69 of course
[10:16] {Threei}  nah
[10:17] {jfjf64} naa
[10:20] {Threei} Long Setup:  X  .40 break
[10:21] {Threei}  if stays above .30
[10:22] {Threei}  if loses it, switching to bounce hunt from about .20
[10:26] {Threei}  in
[10:26] {Threei}  ,24
[10:27] {Threei}  stop .19
[10:27] {Threei}  nah, no go
[10:28] {Threei}  I know who hired Iraq's minister of information
[10:28] {dino} crus spike
[10:28] {Threei}  (GR) Greek Finance Ministry: have passed the trough of the recession in Greece; country will return to positive annual growth in 2012
[10:33] {Threei}  rinse
[10:33] {Threei}  should have gone for traditional .15 stop, but no, I had to try and be cutre
[10:34] {RonS} ya, i had a .14 stop and held for .22 to .36
[10:35] {Threei}  cool
[10:41] {jfjf64} rig
[10:41] {jfjf64} s
[10:41] {jfjf64} .92
[10:42] {jfjf64} .56
[10:43] {jfjf64} first partial
[10:43] {Threei}  wtg
[10:43] {dino} gj
[10:44] {dino} ai sm l .15
[10:46] {jfjf64} die
[10:46] {dino} tho spike
[10:48] {RonS} 4.9 mil sh short
[10:49] {jfjf64} 1/4 left
[10:55] {Threei}  beauty
[10:55] {Threei}  out yet?
[10:56] {jfjf64} .41 stop
[10:56] {jfjf64} done
[10:56] {Threei}  very nice
[10:57] {tomg} slw vad?
[10:57] {tomg} uup upticking
[10:59] {Threei}  .80 break was it...
[10:59] {Threei}  hate to chase
[11:00] {tomg} ty
[11:00] {Threei}  idea is right
[11:00] {Threei}  UUP break killed it
[11:01] {tomg} took it, ty
[11:01] {tomg} out 1:1
[11:02] {Threei}  :)
[11:03] {tomg} too early :)
[11:05] {RonS} eur now at overnight low
[11:07] {Threei}  (LB) Italy Foreign min speculates that Colonel Gaddafi may be wounded and may not be in Tripoli
[11:08] {tomg} aggressive entry for .50 break?
[11:09] {tomg} slw
[11:10] {Threei}  looks double-bottoming
[11:10] {tomg} yeah, it does, ty
[11:12] {dino} stopped irf flat, comptuer crashed
[11:15] {Threei}  Bin Laden's Wives Are Hostile Toward US Interrogators
[11:16] {Threei}  that's very surprising
[11:16] {Threei}  who could have expected that
[11:16] {dino} just shocking
[11:17] {Threei}  after all US did for them
[11:17] {Threei}  now, in the most important news of the day:
[11:17] {ese} tisk ttisk tisk..........
[11:17] {Threei}  Ashton Kutcher Hints of Replacing Sheen in Two and a Half men
[11:17] {dino} nvda sm l .75
[11:18] {ese} he's less of a psycho........
[11:18] {jfjf64} thanks room monitor
[11:18] {ese} L apl .58
[11:21] {RonS} dang dino why weren't we dogging kro?
[11:22] {ese} L apl avg .54
[11:22] {dino} dk, i seem to be out of it today, not seeing much
[11:22] {dino} tdsc keeps dropping and jumping
[11:23] {jfjf64} support 69.00  rig
[11:24] {RonS} X s .80 break?
[11:27] {_samire} fcx
[11:28] {ese} out 1/3 .70 apl +.16
[11:28] {Threei}  X, yes but need consolidation a bit closer
[11:28] {dino} partial fill tdsc l .26
[11:29] {jfjf64} ya like breakdn   rig  69.00
[11:29] {Threei}  I think so
[11:29] {Threei}  (EU) Euro zone ESM plan may include liability for private creditors for all new govt bonds issued in the eurozone starting in mid 2013 - financial press, citing sources
[11:29] {Threei}  - Report cites a working draft prepared for euro zone finance minister meeting scheduled for Monday, May 16th
[11:29] {Threei}  hmmm
[11:29] {Threei}  liability for private creditors for all new govt bonds?
[11:29] {jfjf64} ya wd think this time
[11:30] {Threei}  I need translation
[11:30] {_samire} y
[11:30] {Threei}  does it mean what I think it means?
[11:30] {ese} stop to break even .54
[11:31] {Threei}  seriously, someone understands this part?
[11:31] {ese} out another 1/3 avg 84 +.30
[11:31] {Threei}  obligatory buying of govt bonds? or I misread it?
[11:31] {dino} nope
[11:32] {dino} dk, no idea 3i
[11:32] {RonS} same here
[11:32] {RonS} gj ese
[11:32] {dino} gj es
[11:32] {ese} out in full .93 +.39
[11:33] {ese} 1k /1k /1k
[11:33] {ese} I didn't see that second fill or portion on T&S......got my money though
[11:34] {ese} tks
[11:36] {dino} stec sm l .00
[11:36] {Threei}  ese, call it invisible money and don't tell a salesperson in the store when you spend it... they may not accept it
[11:37] {ese} lol
[11:43] {_samire} market is crazy
[11:44] {ese} always
[11:44] {Threei}  market is
[11:44] {Threei}  period
[11:45] {Threei}  RMBS
[11:45] {Threei}  halted
[11:45] {Threei}  Rambus Inc US appeals court affirms in part and vacated in part Hynix's appeal of Rambus suit
[11:46] {tomg} vad, i took .50 break slw...good place to get out here?
[11:47] {Threei}  quite
[11:47] {tomg} ty
[11:47] {Threei}  very nice play
[11:47] {tomg} ty ....learned it from you, of course :)
[11:48] {Threei}  I'll take the credit if you insist
[11:48] {Threei}  but,
[11:48] {Threei}  I would take it even if you hadn't offered
[11:49] {tomg} :) good one
[11:49] {Threei}  :)
[11:49] {Threei}  RMBS opened
[11:49] {Threei}  diaper stock
[11:51] {tomg} seems like market dropping plus uup upticking is combination for that one....?
[11:52] {Threei}  actually, it's two sides of the same coin - UUP rise pushes market down
[11:53] {dino}  hum-dee-dum
[11:53] {nemo} bored?
[11:53] {tomg} ah, ok...didn't even realize that
[11:53] {tomg} maybe play spy off of that idea?
[11:53] {Threei}  it's a phenomenon that became especially pronounced recently
[11:54] {Threei}  assets valued in USD react on its moves
[11:54] {Threei}  commodities the most,
[11:54] {Threei}  but regular stocks do as well
[11:55] {Threei}  well, SPY would work in general but reaction is much more immediate and bigger in commodities
[11:55] {Threei}  lol, RMBS third halt
[11:55] {Threei}  curcuit breakers
[11:55] {tomg} thanks, been away awhile, as you know
[11:55] {tomg} trying not to push wrong buttons :)
[11:55] {Threei}  it doesn't matter much... I've been here but spending as much tme in coma as I do, it's the same
[11:56] {Threei}  plus, conversations with nemo are very effective in killing brain cells
[11:56] {tomg} you need coma alert :)
[11:57] {tomg} so i can join
[11:59] {Threei}  Attention:  COMA  approaches
[11:59] {tomg} that's great! seriously
[11:59] {Threei}  lol
[11:59] {Threei}  sheesh, look at RMBS
[12:00] {Threei}  USD sets fresh session highs against the AUD, GBP, CHF, EUR, NZD
[12:01] {RonS} halt again?
[12:01] {Threei}  yes, lol
[12:02] {Threei}  idiots with their circuit breakers
[12:02] {Threei}  how nice to get stuck in it
[12:02] {Threei}  best intentions pave that road...
[12:02] {dino} just another form of manipulation
[12:02] {Threei}  (US) House Republicans announce bills designed to accelerate the closure of the GSEs - financial press
[12:06] {Threei}  look at this panic
[12:06] {Threei}  traders say screw it, I don't want to touch it
[12:07] {Threei}  look at daily, today's candle
[12:07] {Threei}  Salvador Dali can't hold a candle to this one
[12:07] {Threei}  5 th halt
[12:07] {RonS} halt again
[12:07] {Threei}  lol
[12:09] {RonS} US appeals court: Rambus spoliated but no dismissal       05/13 10:07 AM
[12:10] {RonS} spoliation, the legal term for inappropriate document destruction
[12:11] {Threei}  I remember spoilating my USSR military card once
[12:11] {RonS} Court Remands Micron-Rambus Case For More Consideration       05/13 10:03 AM
[12:12] {Threei}  RMBS buyer at 21.89 sleeps in the doghouse today
[12:12] {Threei}  wife says be thankful you don't sleep with fishes
[12:13] {Threei}  betting on 6th halt?
[12:14] {Threei}  I say within next 2 min
[12:15] {Threei}  (US) Treasury Sec Geithner: Social Security and Medicare benefits are fundamentally secure today, but still need to be reformed
[12:15] {Threei}  ***Earlier this morning Medicare trustees reported that new forecasts indicate that Medicare trust fund will be exhausted by 2024, earlier than the prior forecast of 2029.
[12:19] {Threei}  halt
[12:20] {Threei}  6th
[12:20] {Threei}  took whole 5 min
[12:22] {tomg} that figures about medicare...just when i qualify for it :)
[12:22] {RonS} 6th halt?
[12:25] {_samire} amazing
[12:25] {Threei}  going for 7th now, Ron
[12:28] {davd} osama wanted to kill obama - why is this news?
[12:30] {Threei}  mutual feeling, I guess
[12:30] {RonS} peace prize holder?
[12:31] {dino} cchi sm l .02
[12:31] {RonS} street cred?
[12:31] {Threei}  lol
[12:31] {dino} typo
[12:33] {davd} some say fxa at 105.4 is the top of the dollars, short term
[12:34] {davd} cnbc said that this was causing market to drop:s re osama/obama
[12:34] {RonS} idiots
[12:35] {dino} yeah right, dumb talking heads
[12:35] {Threei}  how on earth can that cause anything
[12:36] {Threei}  will market drop if document surfaces showing Hitler contemplated assasination of Stalin?
[12:37] {Threei}  really, folks whose brain is located in their butt shouldn't talk sitting - blood flow is cut off
[12:37] {Threei}  (GR) EU, IMF, Germany support longer maturities for Greek debt; ECB and France still oppose it - Die Welt
[12:38] {_samire} INTERESTING
[12:38] {Threei}  what, brain/butt theory?
[12:38] {davd} i guess now that we realize that obama is dead, the market will now rally :D
[12:38] {Threei}  osama you mean
[12:38] {RonS} is that german for "whipped to death"?
[12:39] {RonS} die welt...
[12:39] {Threei}  Die Welt? lol
[12:39] {Threei}  - Die Welt summarizes positions ahead of the next EcoFin meeting on Monday.
[12:39] {Threei}  - Germany supports "voluntary restructuring" of Greek debt.
[12:39] {Threei}  "voluntary restructuring"?
[12:40] {nemo} Die Welt=The World
06[12:40] * Threei firmly intends to borrow 100 mil, then voluntarily restructure it
[12:53] {_samire} Vad...are you done trading for the day
[12:59] {Threei}  see market totally stalled?
[12:59] {Threei}  that's my guidance
[12:59] {Threei}  while it remains so, what and why would I trade
[13:09] {_samire} great answe
[13:09] {_samire} answer
[13:10] {dino}  gut says buy the dip
[13:14] {RonS} x near lod
[13:21] {Threei}  USD saves it
[13:28] {Threei}  http://photography.realitytrader.com/2011/05/john-lennons-yellow-submarine.html
[13:30] {nemo} SLW might be a short
[13:31] {Threei}  I am more of "let's short X" here
[13:32] {Threei}  that .50 break Ron was eyeing
[13:36] {ese} have a great weekend
[13:36] {RonS} cya ese...you too...
[13:36] {Threei}  take care ese
[13:36] {dino}  cya es
[13:37] {Threei}  comments below are an eclectic mix of stupidity, incompetence, agenda and lies
[13:37] {Threei}  (EU) ECB's Stark: Europe in the worst crisis since World War II; countries in crisis only represent 5% of overall GDP
[13:37] {Threei}  - Reiterates that some European nations are in a debt crisis, but the euro is not in crisis; euro provides an anchor of stability. The different levels of growth within the EU is a challenge for the ECB.
[13:37] {Threei}  - It is wrong to assume Greece is insolvent; forgiving debts would not solve the larger underlying problems, concerned about contagion
[13:37] {Threei}  - Not seeing any need for additional monetary stimulus
[13:37] {Threei}  - Claims that ratings agencies are making it more difficult for periphery nations
[13:38] {Threei}  worse than an idiot is only an idiot with initiative and agenda
[13:39] {dino} yeah now its the evil rating agencies, six months ago it was the evil speculators...give me a break. just tell the truth for once
[13:41] {RonS} ok. it's evil politicians, banks and monetary authorities...
[13:41] {dino} much more truthful
[13:44] {Threei}  about that car, funny story:
[13:44] {Threei}  in 60's of an older lady hitting the car with her umbrella, screaming "You swine, how dare you do this to a Roll's-Royce!"
[13:45] {Threei}  such strong emotions for a car brand by elderly lady :)
[13:48] {jfjf64} jf  wants  to  vomit  
[13:48] {jfjf64} back from lunch
[13:48] {jfjf64} rig
[13:48] {jfjf64} 69.00
[13:48] {jfjf64} grrrrrrrrrrrrrrr
[13:55] {RonS} nq futes looking to test day's lows w/ order flow building on the sell side
[13:56] {RonS} lvs may be a better short...
[13:57] {Threei}  everything is in slow motion
[13:58] {RonS} ya, is the market waiting for somethin or falling asleep or both
[13:59] {RonS} vix not moving
[14:00] {Threei}  I for one am having troubles keeping my eyelids open
[14:02] {_samire} why
[14:04] {dino} market starting summer fridays it seems, slowwwwwwww
[14:06] {Threei}  slow action
[14:06] {Threei}  to no action
[14:07] {tomg} have a great weekend everyone. thanks for all your help vad.
[14:08] {Threei}  have a good one tom
[14:08] {Threei}  thinking of winding down one hour early today too... so, if trialers have any questions, it's time to ask
[14:10] {dino} cya tom
[14:22] {RonS} dino right again...buy the freakin dip
[14:22] {Threei}  yeah
[14:24] {RonS} even oil has gone from 97.70 to 99.38 now
[14:31] {dino}  ;)
[14:43] {Threei}  51% Blame Extreme Weather on Long-Term Planetary Trends, 19% Blame Human Activity
[14:43] {Threei}  inspiringly low % of idiots
[14:44] {Threei}  just 19, it's encouraging
[14:44] {RonS} took the poll in India
[14:44] {Threei}  Just 23% Say Federal Government Has Consent of the Governed
[14:44] {Threei}  okay,,, abotu right
[14:44] {Threei}  Only 30% Say U.S.-Mexico Border Secure, 64% Say Its Not
[14:45] {Threei}  I think it's those 30% that don't know what continent Mexico is on
[14:45] {RonS} 6% ask is that the one to the north?
[14:45] {Threei}  hehe
[14:45] {Threei}  64% of GOP Voters See Divide Between Public and Government As Biggest Since the American Revolution
[14:46] {Threei}  Ok guys, I give up, can't handle all the excitement anymore
[14:46] {Threei}  we had a decent week
[14:46] {RonS} 34% can't divide so they could not answer
[14:46] {Threei}  have a great weekend, see you all on Monday
[14:49] {larisa} bye :)
[14:50] {dino} cya 3i
[14:54] {dino} zzzzzzzzzzzzzzzzzzzzz
[15:38] {dino}  out stec -.09
[15:51] {dino} stop ai .92 -.22
[15:58] {dino} out ccih .17, +.15
[16:02] {dino} gn all

May 12 2011

Another day by the same scenario: nice active profitable morning, then deep coma.


Session Time: Thu May 12 00:00:00 2011
[08:34] {Threei} (US) INITIAL JOBLESS CLAIMS: 434K V 430KE; CONTINUING CLAIMS: 3.756M V 3.70ME
[08:34] {Threei} - Prior Initial Jobless Claims revised higher from 474K to 478K
[08:34] {Threei} - Prior Continuing Claims revised higher from 3.733M to 3.751M
[08:34] {Threei} - 4 week Avg claims: 436.8K v 431.3K prior
[09:10] {Threei} IMF Official: Latin American countries should prepare for potential declines in the price of commodities in the future
[09:11] {Threei} interesting comment
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:16] {_toodlepip} morning
[09:16] {Threei} morning toodlepip
[09:17] {Threei} SLW bounce on UUP pullback
[09:21] {RonS} gm all...feel like i am back in the great northwet...second day of steady rain/snow spit at 38 degrees
[09:21] {Threei} Ron :)
[09:22] {larisa} gm :)
[09:22] {Threei} larisa :)
[09:22] {larisa} vad :)
[09:23] {Threei} so far, no clear opening play
[09:23] {dino} ron, that weather was pa all last month
[09:24] {Threei} RIMM daily is still of "short the living daylight out of it" but no clean entry point for now
[09:24] {Threei} keeping that on radar
[09:24] {_samire} gm
[09:25] {Threei} samire :)
[09:26] {_samire} Can I be in charge today.....making all the calls ?
[09:26] {_samire} i do not have charts !!!
[09:26] {_samire} scary
[09:26] {_samire} ando picks
[09:26] {Threei} please do
[09:26] {_samire} random picks
[09:27] {Threei} no different from our favorite dartboard method
[09:27] {_samire} i agrere
[09:27] {_samire} yes
[09:27] {Threei} competing with close second, tea leaves method
[09:27] {_toodlepip} you guys are crazy
[09:28] {Threei} there is however chicken entrails approach which we guard as corporate secret
[09:28] {_toodlepip} you should be using astrology like me
[09:28] {Threei} nah, chicken entrails is much more accurate'
[09:28] {_ebelog} Do you have any beer there while throwing at dart board makes it much more entertaining
[09:28] {Threei} sorry ebelog, folks are expected to bring their own
[09:29] {Threei} OK, SLW
[09:29] {jfjf64} mornin
[09:29] {Threei} not touching it here, rather watching for reversal point,
[09:29] {Threei} short into bounce or long into sharp selloff
[09:29] {Threei} jf :)
[09:31] {Threei} FCX is long candidate, prepare half lot, no entry point yet
[09:32] {Threei} Short Setup: SLW .80 break half lot
[09:32] {Threei} if stays under ,90
[09:32] {Threei} Long Setup: FCX .80 break
[09:33] {Threei} stop under .70
[09:33] {Threei} SLW 1:1
[09:33] {Threei} 1:2
[09:33] {nemo} SLW short, unbelievable, you never see those
[09:33] {jfjf64} ya ya
[09:34] {Threei} lol
[09:34] {Threei} FCX invalidated
[09:34] {jfjf64} how trading room OPERATES
[09:35] {Threei} Long Setup: FCX .70 break
[09:35] {Threei} if stays above .60
[09:35] {Threei} half lot!
[09:35] {Threei} volatility is still way too high
[09:35] {Threei} 1;1
[09:36] {Threei} making some discoveries jf?
[09:36] {nemo} no...busting my balls
[09:36] {jfjf64} ya ya
[09:36] {Threei} out FCX in full
[09:37] {gregns} got both, ty
[09:37] {Threei} RIMM watch for pullback entry
[09:37] {Threei} dfrom under 44
[09:37] {Threei} Long Setup: RIMM 44 break
[09:37] {Threei} stop under .90
[09:37] {Threei} 1;1
[09:37] {Threei} that was fast
[09:37] {Threei} missed personally typing an alert
[09:37] {jfjf64} too fast 4 me
[09:37] {Threei} it's all nemo's fault
[09:37] {Threei} and jf's
[09:38] {nemo} can't blame us, we're here...it's Magoo's fault
[09:38] {RonS} caught fcx for +.17 but sheesh...
[09:38] {jfjf64} keep hunting
[09:38] {jfjf64} 7 min 3 winners
[09:38] {Threei} hey, I can blame whoever I want any time I want, I am in a free speech country
[09:39] {RonS} 7 min 3 heart attacks
[09:39] {Threei} rofl
[09:39] {Threei} sorry Ron
06[09:40] * Threei is mailing Ron defibrillator
[09:40] {RonS} lol i need it...
06[09:40] * Threei adds some diapers to the box
[09:41] {Threei} crap RIMM
[09:41] {Threei} got away
[09:41] {Threei} Long Setup: LVS .75
[09:41] {Threei} if stays above .65
[09:43] {Threei} invalidated
[09:43] {jfjf64} lvs says you left me 4 slw screw ya
[09:44] {Threei} scorned lover eh
[09:44] {Threei} X
[09:44] {Threei} watching for long
[09:46] {Threei} .50 was it... wanted one more leg down
[09:47] {Threei} still do
[09:47] {Threei} what's with CAT
[09:49] {dino} 2375 and 1335 filled
[09:50] {Threei} dino, CAST is about to become your client
[09:50] {Threei} CAT, sorry
[09:50] {dino} 2357, 1312 next gaps
[09:50] {dino} not enough drop 3i for me
[09:50] {_samire} are we in X ?
[09:50] {Threei} no, we missed it
[09:50] {_samire} from .50
[09:51] {_samire} i am paper trading first week
[09:51] {Threei} and I haven't decided whose fault it is yet
[09:51] {dino} wlk sm l ave .72
[09:52] {Threei} Short Setup: RIMM .20 break half lot
[09:52] {Threei} stop above .30
[09:54] {Threei} just a scalp most likely
[09:54] {Threei} maybe 1:1.5
[09:54] {jfjf64} ty room monitor
[09:54] {Threei} 1;1
[09:54] {Threei} 1:1.5
[09:55] {Threei} 1:2
[09:55] {Threei} Ron, how's those diapers, come handy?
[09:55] {RonS} yep
[09:55] {Threei} :)
[09:56] {Threei} just remember, if you attach defibrillator as a permanently working device, your cat might think you've gone mad
[09:56] {dino} wtg today 3i, in the zone
[09:56] {_samire} did u take any off rimm ?
[09:56] {Threei} who?
[09:57] {_samire} rimm short
[09:57] {Threei} why not?
[09:57] {_samire} are u out ?
[09:57] {Threei} it triggered fair and square
[09:57] {Threei} yes
[09:57] {_samire} targrt ?
[09:57] {jfjf64} oh boy
[09:57] {Threei} [09:54] {Threei} just a scalp most likely
[09:57] {Threei} [09:54] {Threei} maybe 1:1.5
[09:57] {_samire} what does this mean
[09:57] {_samire} 1: 1:5
[09:58] {Threei} samire got here:
[09:58] {Threei} go
[09:58] {Threei} http://www.realitytrader.com/tradingroom/
[09:58] {Threei} scroll down to
[09:58] {_samire} thanks
[09:58] {Threei} HOW TRADING ROOM OPERATES
[09:58] {Threei} all explanations are there
[09:59] {nemo} [09:55] {&Threei} 1:1.5
[10:00] {jfjf64} x
[10:00] {Threei} Short Setup: X .80 break
[10:00] {Threei} if stays under .90
[10:01] {Threei} *(US) MAR BUSINESS INVENTORIES: 1.0% V 0.9%E
[10:01] {Threei} invalidated
[10:01] {jfjf64} rince imo
[10:02] {Threei} could be
[10:02] {Threei} let's see if it reestablishes
[10:02] {Threei} nah, got away
[10:02] {Threei} oh well
[10:02] {jfjf64} took it
[10:03] {Threei} aggressive entry around .90 with .95 stop was another way to play it
[10:03] {jfjf64} ty
[10:03] {nemo} surprise surprise another buyout rumor AKAM
[10:03] {jfjf64} stupid money played break long
[10:04] {dino} iphi, irf, tdsc go green
[10:04] {Threei} {Stupid Money} jf, you are so mean...
[10:05] {jfjf64} thought i was being nice
[10:05] {nemo} Vad...change JF's nick
[10:05] {Threei} to what?
[10:05] {jfjf64} oh boy
[10:05] {nemo} {Stupid Money}
[10:07] {jfjf64} pot
[10:07] {jfjf64} bounce
[10:08] {Threei} Short Setup: SLW .15 break
[10:08] {Threei} if stays under .25
[10:08] {Threei} invalidated
[10:09] {dino} hrs sdm l .27
[10:10] {jfjf64} jf luvs pot
[10:10] {RonS} took wlk .76 to 57.10 +.34 thanks dino
[10:10] {dino} panl rocking
[10:12] {dino} wtg ronzo
[10:12] {jfjf64} sorry stupidmoney luvs pot
[10:12] {dino} still in, want $1
[10:12] {dino} say no to drugs jf
[10:13] {jfjf64} lol
[10:14] {Threei} lol
[10:17] {jfjf64} ibm
[10:17] {jfjf64} dtop
[10:17] {jfjf64} watchin
[10:20] {dino} out wlk .49, +.77
[10:21] {jfjf64} nice
[10:21] {jfjf64} rats ibm
[10:21] {dino} ty
[10:21] {Threei} (US) Fed's Bernanke: Regulators are unable to exactly determine which firms are systemically important using a set formula
[10:22] {dino} hig want .96 gap
[10:23] {RonS} the bernank: "that is why i am flying by the seat of my pants"
[10:25] {dino} thats what happens when you prop up failures
[10:26] {dino} the system was not allowed to cleanse itself
[10:26] {Threei} and more risk is taken by those who see that failure carries no risk
[10:27] {Threei} while careful ones are being punished twice,
[10:27] {Threei} by not ripping the reward in case of success, and by paying to bail out failures
[10:27] {Threei} and we wonder why system rots?
[10:27] {dino} ugh wlk
[10:28] {dino} agreed
[10:29] {Threei} Long Setup: X 46 break
[10:30] {Threei} stop under .90
[10:30] {Threei} not a scalp
[10:31] {Threei} (US) Treasury's Dep Sec Wolin: Unclear whether money markets industry can be considered systemically important
[10:31] {Threei} - Comments that a roll back of the Dodd Frank legislation is not an option
[10:31] {RonS} hrs .50 wall
[10:31] {Threei} (EG) IMF: Egypt has officially requested assistance to fund approx $12B shortfall
[10:31] {Threei} 1:1, half out
[10:32] {Threei} stop to .98
[10:32] {Threei} - Notes IMF will discuss Ireland aid at May 16 meeting.
[10:32] {Threei} - Reiterates IMF might extend Greece repayment schedule.
[10:34] {dino} sm l ccih .51
[10:40] {dino} thi sm l .14
[10:46] {Threei} Long Setup: X .75
[10:46] {Threei} if stays above .65
[10:47] {Threei} just a scalp, IMO
[10:49] {Threei} (GR) Dutch Fin Min: Greece must not be allowed to move away from its recovery path and reforms
[10:49] {Threei} - Notes that a 2nd round of aid for Greece would be worse than the assistance it would provide
[10:49] {Threei} "must not be allowed"
[10:50] {Threei} coupled with denmark reestablishing borders... can you feel how whole thing unravels?
[10:50] {dino} greece is in charge, "you give us what we want or fu"
[10:50] {Threei} 1:1
[10:52] {nemo} LVS
[10:53] {dino} ccih stop-.27
[10:56] {Threei} Short Setup: RIMM .75 break
[10:58] {Threei} no go
[10:58] {Threei} first stop
[10:59] {dino} ccih rinsed
[11:28] {dino} .
[11:29] {Threei} EU) ECB's Coene: ECB has clearly indicated that the April interest rate increase was not a one-off event
[11:29] {Threei} - Market expectations for more policy adjustments are not unreasonable.
[11:29] {Threei} - Seeing a flattening of euro zone economic recovery, not a sudden slowdown.
[11:29] {Threei} - Rescheduling Greek debt would not really help the situation and there would be lots of collateral damage.
[11:29] {Threei} - ECB is still working out the details of a plan to help banks addicted to special funding.
[11:30] {RonS} guess the banks are like my wife...
[11:30] {dino} lol
[11:37] {Threei} Ron, you ever going to finish that?? :)
[11:38] {RonS} "addicted to special funding"
[11:39] {Threei} ahhh
[11:39] {Threei} so, it's not a phenomenon limited to my household??
[11:43] {dino} european leaders set to vote tuesday on naked short sale ban on sovereign debt
[11:47] {Threei} stupid is as stupid does
[11:47] {dino} run forest run
[11:55] {dino} stec is dead, thing does not move
[11:56] {RonS} stec a fork in it, eh?
[11:56] {dino} pretty much
[11:57] {Threei} lol
[11:57] {Threei} fewer than half of Americans can name the capital of Canada
[11:58] {RonS} lol...and more than all do not care...
[11:58] {Threei} okay... it's not that bad
[11:58] {Threei} could be worse,
[11:58] {Threei} could be as a salesperson of an online store I spike to once,
[11:58] {Threei} answering question about shipping to Canada he said
[11:58] {Threei} sorry we don't ship overseas
[11:59] {RonS} rotflol
[11:59] {Threei} so... as long as 51% and more realize that we share the continent, I am OK
[11:59] {RonS} seen the Discover "Peggy" commercials 3i?
[11:59] {Threei} no
[12:00] {Threei} what are those?
[12:02] {RonS} my fave so far: http://www.youtube.com/watch?v=aG3aAvQXNJk&feature=relmfu
[12:05] {Threei} lol
[12:05] {dino} big drop
[12:06] {dino} big sm l .51 risky
[12:07] {Threei} I was so tempted to ask big drop in what
[12:07] {dino} wise azz
[12:08] {Threei} but I resisted the temptation
[12:08] {RonS} hey i was thinkin the same thing...only...ya sure...
[12:08] {dino} figures, :)
[12:09] {Threei} we just need to assign who is abbot and who costello
[12:14] {Threei} Seabreeze Partners' Kyle Bass: Greece's restructuring will ultimaltely be felt in other periphery nations like Portugal, Ireland and Spain - CNBC
[12:14] {Threei} Big Lots Inc Hearing weakness related to Dealreporter article cautious on prospects for deal- Reminder: Heard similar reports circulated by Dealreporter in mid April
[12:14] {dino} shocking
[12:15] {Threei} (NV) Netherlands govt discloses discovery of bird flu on a chicken farm; around 9K birds to be culled - financial press
[12:15] {Threei} - Tests continue in order to discover strain of bird flu, should know tomorrow whether the birds in question were infected with a highly pathogenic form of the virus.
[12:15] {Threei} - Farms within a 3 km radius of the discovery will be screened for the virus.
[12:15] {Threei} and farmers within 5 km radius shot?
[12:19] {Threei} and here the chain reaction starts:
[12:19] {Threei} IR) Ireland Min: It is preferable to reschedule IMF and EU debts, still attempting to get long term liquidity for Ireland banks- Claims that interest rate reductions for other countries should also apply to Ireland
[12:21] {dino} these politicians should be required to take econ 101
[12:22] {RonS} just took con 101 instead...
[12:24] {dino} lol
[12:28] {dino} out big .02, +.51
[12:31] {Threei} big move
[12:32] {RonS} big 'un
[12:32] {RonS} said Al Bundy...
[12:33] {Threei} lol
[12:37] {dino} you guys are a regular bevus and butthead combo
[12:38] {dino} kro
[12:39] {Threei} (SY) EU Official: Syrian officials must change their policy towards the ongoing uprising very soon
[12:39] {Threei} {Syrian officials} How soon?
[12:40] {Threei} EU Official: very soon
[12:40] {Threei} Syrian officials: OK then... shoot them all
[12:40] {Threei} EU Official: but then change, got it?
[12:40] {dino} kro sm l .80
[12:41] {RonS} syrian response: ok, policy changed. now keep shooting.
[12:41] {RonS} oops lol
[12:42] {Threei} another one with dial-up
[12:42] {RonS} guess we need to choose...
[12:42] {RonS} who's beevus...who's butthead...
[12:43] {dino} old mtv cartoon, couple joking idiots
[12:43] {Threei} 100,000 women is raped in Democratic republic of congo a year
[12:43] {Threei} that's democracy for you
[12:44] {davd} must be hard to be a prostitute there?
[12:44] {RonS} the US Peace Corps has been covering up years of sexual assaults on female volunteers
[12:44] {dino} ohh, thats bad
[12:46] {davd} typical world view: its all the fault of the american sponsored org.
[12:48] {davd} 1pm 30yr treasur auction
[12:55] {RonS} Even before the first oil company executive testified before the Senate Finance Committee on Thursday, Sen. Sen. Orrin Hatch (R-Utah) criticized the hearing as a dog-and-pony show.
[12:55] {RonS} Lawmakers should not go down the “dangerous road” of punishing American businesses for being profitable, said Hatch, the committee’s ranking member.
[12:56] {RonS} With a photo of a dog riding a pony as a backdrop behind him, Hatch said Thursday’s hearing would only provide “political theater.”
[12:56] {RonS} He noted that contrary to what some people think, the Obama administration does indeed have an energy policy: “Are you ready for this? Their energy policy is to increase the cost of energy,” Hatch said.”
[12:57] {dino} roflol
[12:58] {jfjf64} slw ?
[12:58] {Threei} break...
[12:58] {Threei} dunno
[12:58] {Threei} chart is right
[12:58] {Threei} everything else is wrong
[12:59] {jfjf64} imo short after break
[12:59] {Threei} (US) Senate Minority Leader McConnell: Meeting with Obama on budget went well
[12:59] {Threei} good for them
[12:59] {Threei} oysters were fresh I assume
[13:00] {Threei} - White House press: Republicans and President Obama agreed on need to raise the debt ceiling; Obama called for both sides to give some ground
[13:00] {RonS} deja vu' all over again?
[13:02] {jfjf64} comon slw gimme blow off top
[13:02] {Threei} *(US) TREASURY'S $16B 30-YEAR BOND AUCTION DRAWS 4.38%; BID-TO-COVER RATIO: 2.43 V 2.51 PRIOR AND 2.53 AVG OVER THE LAST 3- 62.12% allotted at the high. - Indirect bidders take 33% of competitive bids
[13:03] {davd} D- re cnbc
[13:05] {jfjf64} s .65
[13:05] {jfjf64} slw
[13:05] {dino} 07 flying all green
[13:06] {jfjf64} using .75
[13:06] {jfjf64} dieeeeeeeeee
[13:07] {RonS} 2 mil es fute seller here
[13:07] {jfjf64} dieeeeeeeeee
[13:08] {jfjf64} 1/1
[13:09] {jfjf64} half
[13:09] {Threei} nice
[13:09] {jfjf64} stop b/e
[13:10] {jfjf64} target .45
[13:12] {dino} gj
[13:13] {jfjf64} scalpers win
[13:13] {jfjf64} lol
[13:25] {RonS} CREE up almost 10% in two days on this: Cree 231 Lumen Per Watt LED Shatters LED Efficacy Records
[13:25] {nemo} efficacy or efficiency?
[13:25] {dino} whatever it takes
[13:33] {Threei} Short Setup: X
[13:33] {Threei} .95 break
[13:33] {Threei} if stays under 46
[13:38] {Threei} let's make it two-sided setup
[13:43] {Threei} out
[13:43] {Threei} why do I bother to come out of coma?
[13:43] {jfjf64} exacktly
[13:44] {nemo} JF learn how to spell
[13:44] {nemo} eqzaktly
[13:45] {jfjf64} lol
[13:46] {jfjf64} x kill ya self
[13:47] {Threei} lol
[13:48] {jfjf64} spy i/hs
[14:15] {nemo} I'm done seeya
[14:15] {dino} cya nemo
[14:15] {Threei} take care nemo
[14:21] {dino} thi to .44 all dayer
[14:25] {dino} out +.29
[14:32] {gregns} SLW break of .40 if holding .50 ? what is your heart saying today?
[14:35] {dino} ggc drop
[14:35] {Threei} 51/49, greg
[14:38] {dino} giddy-up
[14:38] {dino} still buy the dips mode
[14:50] {_samire} Vad....I have a question
[14:51] {davd} yes?
[14:51] {_samire} How many green days you had in the last 30 trading days ? i am still on trial
[14:51] {davd} jpm had no red days last quarter
[14:51] {Threei} I didn't count
[14:52] {Threei} gotta go through the trading log and add them up
[14:52] {Threei} 3-4 I'd guess
[14:52] {_samire} in average
[14:52] {_samire} thanks
[14:52] {dino} 3i is a machine
[14:53] {Threei} and drinks WD-40
[14:54] {dino} i tease you vad, but i mean the machine part w/serious respect
[14:54] {Threei} I know... just kidding :)
[14:55] {Threei} and looking for trading application of the wisdom:
[14:55] {Threei} If it moves and it shouldnt, you need duct tape. If it doesnt move and it should, you need WD-40
[14:59] {dino} pay drop
[14:59] {dino} 5 bucks straight down
[15:00] {RonS} squeeze panl...missed
[15:00] {dino} buyout off, gap fi;;
[15:00] {Threei} greg, you went for SLW?
[15:01] {gregns} i did but then let it go when it went in the high .50's
[15:02] {Threei} I see
[15:02] {RonS} DoJ files suit to stop Verifone's Hypercom deal 05/12 12:58 PM
[15:05] {dino} odd, not buyer, so no cost
[15:06] {RonS} look hyc
[15:07] {dino} that one makes sense to drop, was being bought
[15:08] {dino} playing pay
[15:08] {dino} fast hits
[15:12] {dino} good girl pay
[15:13] {dino} .50 wall
[15:13] {dino} giddyup
[15:15] {dino} out .70, +.70
[15:16] {RonS} gj...too fast for me
[15:16] {dino} ty
[15:16] {dino} out bid .38, +.40
[15:16] {dino} thing wants 46 imo pay
[15:18] {dino} out pay .75, +.75
[15:19] {RonS} ok jumped pay for .28 to .66 on your call dino...thanks
[15:19] {dino} \wtg
[15:19] {dino} thers 46
[15:19] {dino} theres
[15:19] {dino} not sure about another here
[15:20] {dino} would like pullback to 45
[15:21] {dino} bummer, no real pullback
[15:22] {dino} in my best swiper voice, "awwww mannnnnnnnnnnn"
[15:23] {RonS} in my best magoo voice "i coulda been riiiich!"
[15:23] {dino} roflol, i'll tell him this weekend
[15:23] {dino} buck pullback
[15:26] {Threei} dino, tell him it's time to get back
[15:27] {dino} it's complicated
[15:28] {Threei} it always is
[15:28] {dino} yeah, the older i get the more complicated it gets
[15:32] {dino} back in 10 or so
[15:47] {dino} kro strange
[15:52] {dino} out hrs +.01 thing doesn't move
[15:55] {Threei} Ok guys, thank you asll
[15:56] {Threei} have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {larisa} bye :)
[16:01] {dino} partial out medw .88, +.33
[16:01] {dino} thing just hangs on forever, holding for what feels like a year (3 days)