Jun 29 2011

This must be the most boring day this year. Flat for us, too.

Session Time: Wed Jun 29 00:00:00 2011
[08:47] {nemo} GREEK PACKAGE DID NOT PASS
[08:50] {Threei}  (GR) One Greece ruling party PASOK member, Kouroublis, has voted against the austerity measures
[08:50] {Threei}  **Reminder: On Jun 27th The financial press noted that support for fiscal plan among Greek ruling party (Pasok) MPs was wavering; as many as four Pasok MPs will not vote for the plan
[08:50] {Threei}  I don't see final tally yet?
[09:05] {nemo} Yeah, you right...passed by 3 votes
[09:05] {Threei}  passed
[09:05] {Threei}  just now
[09:06] {Threei}  *(GR) GREECE PARLIAMENT PASSES FIVE-YEAR AUSTERITY PLAN - FINANCIAL PRESS
[09:06] {Threei}  - Vote has exceeded the 151 yes votes required for passage
[09:16] {Threei}  (UK) BoE's Tucker: Prevalance of shadow banks is a problem for the financial system; need to rewrite the social contract between banks and society
[09:16] {Threei}  - Euro zone problems are the biggest risk to stability at the moment.
[09:16] {Threei}  shadow banks?
[09:18] {ese} morning
[09:18] {Threei}  ese :)
[09:18] {RonS} ...who knows what lurks in the hearts of men?...
[09:19] {RonS} gm
[09:19] {Threei}  lol ron
[09:19] {Threei}  feeling all shakespearish this moring?
[09:20] {RonS} ...The Shadow knows...old catch line from '30's radio show
[09:20] {nemo} "evil"
[09:21] {dino} gm all
[09:22] {Threei}  dino :)
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {dino} "social contract"? wtf is that nonsense
[09:23] {RonS} GREEK PM EXPELS RULING PARTY DEPUTY WHO VOTED AGAINST AUSTERITY PACKAGE, MAJORITY DOWN TO 154
[09:23] {nemo} that's been a part of political dialogue in post WWII era
[09:23] {Threei}  that deputy is going to be next PM
[09:29] {dino} yes
[09:29] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {Threei}  RBY is decimated'
[09:30] {nemo} shaw hit hard
[09:32] {Threei} Short Setup: SLW  .90 break
[09:32] {Threei}  1:1
[09:33] {samire} just entered the room
[09:33] {samire} looks like u are in a trade ?
[09:33] {ese} just saw that nemo
[09:33] {ese} couldn't get in
[09:34] {Threei}  we are already out samire, or at least partially out
[09:34] {samire} which stock ?
[09:34] {Threei} Short Setup: FCX  .20 break
[09:35] {Threei}  SLW
[09:35] {Threei}  you are using mibbit, don't you have last few lines re-played?
[09:35] {dino} qqq sm s .99
[09:36] {Threei}  FCX invalidated
[09:36] {jfjf64} whos  on  1st
[09:37] {Threei}  klooking for second entry on SLW
[09:39] {samire} was the first trade long or short  ?
[09:39] {Threei} Short Setup: FCX  .50 break
[09:40] {Threei}  short samire... don't you havbe replay of last few lines??
[09:40] {samire} no
[09:40] {Threei}  mibbit has it on by default
[09:41] {Threei}  FCX 1:1
[09:46] {samire} where is dino
[09:46] {nemo} he's here
[09:46] {dino} here, where are you?
[09:46] {samire} it is you day din0
[09:47] {samire} din$
[09:47] {dino} time will tell
[09:47] {samire} your not you
[09:48] {dino} no, i'm me
[09:49] {Threei} Long Setup:  SLW  .65 break
[09:49] {Threei}  invalidated
[09:50] {Threei}  but looking for another trigger
[09:50] {Threei}  .55 break
[09:50] {Threei}  if holding .45
[09:51] {Threei}  target .75, could be more
[09:52] {dino} whr sm s .25
[09:53] {Threei}  fingertip holder
[09:53] {Threei}  nail biter
[09:53] {Threei}  storm braver
[09:53] {nemo} oh, am in .51
[09:53] {Threei}  now, turn into ass kicker and we will forgive you for everything
[09:54] {nemo} me, or slw?
[09:54] {Threei}  SLW
[09:54] {Threei}  you won't be forgiven ever
[09:54] {nemo} I was gonna' say...I'm a pacifist
[09:54] {Threei}  rrright
[09:54] {samire} we came close to stop
[09:54] {Threei}  let's try to take two partials, then see how it goes
[09:54] {nemo} only fruit and vegetables, tie dye and Birkenstocks for me
[09:56] {Threei}  and tiley hat?
[09:57] {nemo} Housing numbers soon
[09:57] {Threei}  no go
[10:00] {Threei}  *(US) MAY PENDING HOME SALES M/M: 8.2% V 3.0%E; Y/Y: 15.5% V -26.8% PRIOR
[10:00] {samire} good numbers
[10:00] {nemo} month to month don't mean squat
[10:01] {RonS}  sucky base too
[10:02] {dino} sell the news
[10:03] {Threei}  (US) IMF: US growth seen under 3.0% for the next half decade; Debt ceiling should be raised quickly to avoid severe shock to economy
[10:03] {Threei}  - Forecasts 2012-13 GDP growth at 2.7%
[10:03] {Threei}  - Downside risks to US economy have increased with Housing, unemployment and fiscal problems
[10:04] {dino} gut -100+ today
[10:04] {Threei}  I agree
[10:04] {nemo} just had two big up days
[10:04] {Threei}  and market played out Greece ptognosis already
[10:06] {ese} 2/3% GDP growth is relatively normal isn't it?
[10:06] {ese} slow is good anyway
[10:07] {nemo} no, because of the deficits
[10:07] {Threei}  not withg unemployment at these levels
[10:07] {Threei}  and deficits sufficating economy
[10:07] {dino} need 5% to make it work
[10:07] {RonS} not coming out of a recession
[10:08] {Threei} Short Setup: SLW  .20 break
[10:09] {ese} doom and gloom talk..........market is heading imo
[10:11] {ese} what H has been priced into the market these last 2 months....7 or 8 weeks dn correct
[10:11] {ese} heading up
[10:11] {RonS} stagflation...w/ broad demographics being a major drag
[10:11] {ese} what the H
[10:13] {Threei}  invalidated
[10:13] {nemo} took .27 long
[10:13] {RonS} wtg
[10:13] {nemo} half at .38
[10:14] {nemo} target .55-65
[10:14] {ese} nice nemo
[10:14] {jfjf64} nice  nemo
[10:15] {nemo} huge seller at .25 and .26, bought when lifted
[10:15] {dino} gj
[10:15] {Threei}  nice, and stop was very tight
[10:15] {nemo} yeah
[10:18] {nemo} stop is now .40 after theat big volume candle
[10:19] {nemo} took some more off .48
[10:29] {RonS} oil report 1 min
[10:30] {Threei}  *CRUDE: -4.4M V -1ME; GASOLINE: -1.43M V 0E; DISTILLATE: +260K V +1ME; UTILIZATION: 88.1% V 89.3%E
[10:31] {nemo} .85 level fcx
[10:31] {ese} L RENN .06
[10:41] {dino}   qqq cov stop -.25
[10:42] {RonS} oil to pre spr release announcement...94.50
[10:42] {nemo} out .60 slw
[10:42] {Threei}  wtg
[10:42] {dino} gj
[10:43] {ese} nice job nemo
[10:43] {nemo} ty for setup Vad...saw all that selling at .25-.26 then it lifted
[10:43] {Threei}  too bad you haven't alerted us
[10:44] {Threei}  we would join you gladly
[10:44] {nemo} you had a short on, didn't want to confuse the room
[10:44] {Threei}  would be just a two sided setup
[10:44] {nemo} weird...I thought I was actually being considerate, and we know that is anethema to my nature
[10:45] {Threei}  lol
[10:45] {nemo} Road to Hell...   No good deed...
[10:46] {Threei}  it's not like I get offended when opposite setup is pointed out, lol
[10:46] {Threei}  it's the same setup still
[10:46] {ese} you mean...." Highway to hell......ya ya ya.....Highway to Hell"
[10:46] {Threei}  just change of direction depending on what triggers first
[10:46] {dino} acdc
[10:47] {nemo} I wasn't a fan after Bon Scott
[10:47] {ese} i think so
[10:47] {samire}  tza ?
[10:48] {ese} i didn't mind them........although at that period of my like i was into Shostakovich.......Symphony no 5 and 7
[10:48] {Threei}  not sure samire
[10:49] {ese} life
[10:50] {samire} sold tza
[10:51] {Threei}  ese, I am in Brahms stage
[10:51] {Threei}  http://www.youtube.com/watch?v=LtFGF0DT1fg
[10:52] {ese} hilarious....Leslie Nelson
[10:54] {ese} out renn .11 +.05   making money is like pulling teeth these days
[11:03] {dino} i hear ya ese
[11:04] {nemo} fdo got away
[11:05] {nemo} POT
[11:09] {RonS} ugh...light volume meltup
[11:09] {nemo} volume solid
[11:13] {nemo} anybody take POT
[11:13] {RonS} not since college
[11:13] {nemo} cute
[11:13] {nemo} beautiful setup
[11:13] {patience} i am in pot
[11:13] {patience} yesterday was agu
[11:21] {nemo} Greek Finance Ministry set on fire
[11:21] {dino} sm s kro .66
[11:21] {Threei}  well deserved
[11:21] {Threei}  this is total sellout of the country
[11:22] {dino} just wasting more of their money
[11:22] {Threei}  with no hope to ever repay that debt, just digging deeper hole
[11:22] {Threei}  cut your frikin losses
[11:22] {Threei}  default and start rebuilding
[11:22] {dino} agree
[11:22] {Threei}  any traders among them?
[11:23] {nemo} defaulting sinks the banks
[11:23] {Threei}  cut your losses!
[11:23] {dino} agree again
[11:23] {Threei}  not defaultong sinks the country
[11:23] {nemo} in a Keynesian/big government world, banks can't fail
[11:23] {RonS} oil 95.80
[11:24] {patience} gold moving up
[11:24] {dino} germany waiting for collateral, once given they will own all of greece upon default
[11:24] {Threei}  if it goes as far as "start selling islands" - come on, this IS a sellout of the country
[11:29] {nemo} now this is a hoot: http://www.twitvid.com/V12DJ
[11:31] {RonS} Denny Crane!!!
[11:32] {nemo} thought it was Captain Kirk
[11:32] {RonS} mad cow lives...
[11:33] {dino} sfly sm s .60
[11:33] {RonS} yeah, the O on tv soon...tza l .56
[11:35] {samire} Obama will speak soon
[11:36] {Threei}  (US) US Senate has rejected bill to restrict payment of funds to the IMF, as expected - financial press
[11:36] {Threei}  because US has a lot of funds to spare, you know
[11:44] {Threei}  phrase that I can't hear anymore:
[11:44] {Threei}  tak breaks for millionares and billionares
[11:45] {Threei}  sounds right but when implemented, somehow 250K a year becomes a measurement for "millionares and billionares"
[11:47] {ese} which gold stocks are you in patience?
[11:47] {Threei}  (US) President Obama: Calls on Congress to pass pending legislation that would help create jobs; deficit negotiations have identified $1T in spending cuts
[11:47] {Threei}  - Pending bills cited by the president includes three free trade agreements, legislation on patents and funding for construction projects.
[11:47] {Threei}  - Entitlement spending must also be dealt with, although essential programs must be left alone.
[11:50] {patience} i am in hgu, a canadian etf, it consistantly moves slowly either up or down so i make the mortgage money with it   :)
[11:50] {patience} also in goldcorp at the moment
[11:51] {RonS} O bfuscation on display...
[11:52] {RonS} my fave phrase:  "eschew obfuscation"
[12:01] {dino}  bless you
[12:06] {dino} whr stop -.27
[12:06] {dino} not my market last two days
[12:14] {dino} sm sm s .01
[12:20] {dino} sm bstop to .71
[12:23] {dino} cov +.30
[12:23] {samire} gj dino
[12:25] {Threei}  ron
[12:25] {Threei}  my version
[12:25] {dino} ty
[12:25] {Threei}  Eschew Obfuscation, Espouse Elucidation
[12:27] {RonS} gj
[12:30] {dino} achoo
[12:47] {samire} lunch slow down
[12:51] {ese} L.renn .20
[12:52] {ese} had a bstop going and almost slept throught it
[13:02] {ese} out renn .30 +.10
[13:13] {dino} gj
[13:14] {ese} tks....it's somethin at least
[13:20] {dino} hrbn drop
[13:34] {dino}  sm hod
[13:42] {ese} what did you think of the US OPEN dino......Rory was awesome
[13:46] {dino} awesome player, new guy to beat
[13:46] {nemo} FCX
[13:46] {ese} ya ....his swing is a thing of beauty to watch.....might be the most perfect swing ever
[13:53] {dino} sm sm s .28 ave
[14:00] {RonS} Kronos Worldwide, Inc. Announces A Price Increase For All Titanium Dioxide Products Sold In N Amer       06/29 12:00 PM
[14:02] {dino} sfly bstop to .31
[14:03] {dino} reverse slip cov .28, +.32
[14:05] {samire} thanx dino
[14:07] {dino} yw
[14:07] {dino} qqq s .24
[14:10] {patience} tza
[14:13] {nemo} it's above vwap
[14:15] {dino} sm bstop to .98
[14:15] {dino} to .88
[14:16] {dino} cov .88, +.40
[14:17] {dino} qqq bstop to .21
[14:18] {Threei}  nice
[14:18] {ese} yup
[14:18] {Threei} Short Setup: POT  57 break
[14:19] {nemo} .61 fcx
[14:20] {nemo} 1/2 out .70
[14:22] {nemo} stop .54
[14:23] {dino} qqq to .13
[14:24] {dino} to .08
[14:27] {dino} cov qqq .06, +.18
[14:27] {dino} kro bstop to .49
[14:28] {dino} cov .46, +.20
[14:31] {nemo} fcx volume
[14:34] {Threei}  stop to .06 POT
[14:34] {Threei}  held too well
[14:37] {dino} ugh sm
[14:43] {dino} mos sm s .00
[14:45] {dino} mos stop -.06
[14:45] {nemo} shit missed tna double bottom
[15:08] {Threei}  ok... which way into close?
[15:09] {Threei}  my feel is up
[15:10] {Threei} Long Setup:  FCX  .85
[15:10] {dino}  v spike
[15:11] {RonS} Final Fed debit-card draft calls for 23.9 cent fee       06/29 01:10 PM
[15:11] {RonS} Initial Fed draft rule was for 7c to 12c fee cap       06/29 01:10 PM
[15:12] {dino} ebay spike
[15:12] {RonS} this helps paypal?
[15:12] {Threei}  probably
[15:12] {dino} dk
[15:12] {Threei}  V halt
[15:13] {Threei}  circuit breaker
[15:13] {Threei}  MA rtoo
[15:14] {ese} cya all tomorrow.........we'll grind it out again
[15:14] {Threei}  take care ese
[15:14] {RonS} cya ese
[15:15] {dino} rmti sm l .00 break
[15:17] {Threei}  wy did I bother t wake up today?
[15:31] {Threei}  (EU) EU's Barosso: EU will propose a financial transaction tax (Tobin Tax) to help increase revenue for EU budget
[15:31] {Threei}  ***Note that earlier today, the Italian government proposed a 0.15% financial transaction tax (Tobin tax) as part of its austerity package.
[15:31] {Threei}  imbeciles
[15:45] {Threei}  the candle on V daily is wow
[15:49] {Threei}  incredibly boring day
[15:50] {Threei}  expected much more from this, considering whole Greece thing
[15:50] {Threei}  I guess vote NO would give us what to trade
[15:51] {Threei}  ok guys, not much is happening even into close
[15:51] {Threei}  have a great evening, see you all tomorrow
[15:52] {larisa} bye :)
[15:52] {patience} ty Vad
[15:55] {dino} cya 3i

Jun 28 2011

Back to our usual programming - 1 10 cents stop, the rest are wins. 

Session Time: Tue Jun 28 00:00:00 2011
[08:08] mmmmhhh, LASER seems to have lost 3 months of data
[08:27] gm
[08:28] good morning, bounce up in gold and silver this morning
01[08:49]  morning
[08:57] morning all
01[08:57]  samire :)
[08:57] ready ?
01[08:58]  to what?
[08:58] I emptied my pockets and ready to stash some cash
01[08:58]  I have a bag
[08:59] A bag is too big 4 me
[08:59] just pockets
01[08:59]  well, what are uoi going to do if there is too much cash?
[09:00] I have a big hat
[09:00] cow boy hat
01[09:01]  will do as emergency measure
01[09:05]  wow, violence in Greece
01[09:05]  general strike
[09:09] gm all
01[09:09]  dino :)
[09:11] mornin
[09:12] howdy all
01[09:12]  davd, ron :)
[09:16] morning
01[09:16]  in the most important news for today, Charlie Sheen gets new sitcom
01[09:16]  ese :)
[09:16] morning ese
[09:17] let me guess his new characters name harlie carper
01[09:17]  lol
01[09:18]  character will be similar but the sitcom will be more "racy"
[09:19] gm :)
01[09:19]  larisa :)
[09:19] vad :)
[09:20] Dow is up
[09:21] sounds like the spinoff from tv show m-a-s-h
01[09:21]  davd, remember warning about TZA overnight? :)
[09:21] si - glad we were out at .75
01[09:22]  +.10 is soooo much better than -.50
[09:22] ii correct!
[09:26] you mean iii correct
[09:27] any thoughts on open?  strong pre-market reversal?
01[09:27]  for the open, feels like buy pullback,
01[09:27]  later on, short into midday and close
01[09:28]  that's general idea... let's see if we can transefr it into exact setups
[09:30] mornin all
01[09:30]  jf :)
01[09:30] Long Setup:  FCX  .90 break
01[09:31] Long Setup:  SLW  .95 break
01[09:33]  SLW invalidated for now
01[09:33]  watching it for .70 - .75 entry
01[09:33]  FCX target about 49.20
01[09:34]  1:1
01[09:34]  stop to .85 for the balance
01[09:35] Long Setup:  SLW  .80 break
01[09:35]  if stays above .70
01[09:35]  1:1
01[09:36]  1:2
[09:36] Thanx Vad
01[09:36]  welcome sir
01[09:37]  FCX 1 cent to 1:2, lol
[09:37] ty
01[09:37]  jf :)
01[09:37]  SLW balance stop to .85
[09:38] cons conf data early and lwer than estim
01[09:38]  done SLW
01[09:39]  (US) June Conference Board Consumer confidence 58.5 v 61e- Note: Unclear if embargo broken on June consumer confidence originally scheduled for 10:00ET
[09:41] NLY dino.....
[09:42] cat
[09:42] 103 roll over
[09:43] yeah sure
[09:45] cat still runnin
01[09:46]  lol, was thinking of PLCM .50 break and rejexcted it because of spread
[09:46] ouch
[09:47] plcm spike
[09:47] nly .65 div
[09:47] meli
01[09:48] Long Setup:  SLW  .60 break
[09:48] ya......
01[09:49]  aggressive .55 break is possible
01[09:50]  if holding .50 of course
01[09:50]  invalidated
[09:52] lvs  dtop
01[09:54] Long Setup:  SLW  .50 break
01[09:56]  .43 stop
01[09:56]  .70 target
[09:56] meli sm l .95
[09:57] jpm  bounce
[09:58] # got released at 9:37...58.5
[09:59] thanx dino
01[09:59]  (US) RICHMOND FED MANUFACTURING INDEX: +3 V -3E
01[09:59]  [09:39] (US) June Conference Board Consumer confidence 58.5 v 61e- Note: Unclear if embargo broken on June consumer confidence originally scheduled for 10:00ET
[09:59] meli stop -.20
01[10:01]  1:1 SLW
[10:02] thanx Vad
[10:02] meli rinsed sob
01[10:02]  yw
[10:02] you were right about the bag
[10:02] is that "sob" or "SOB" dino?
[10:02] money are falling from pockets
01[10:03]  1:2
01[10:03]  me out
[10:03] caps, lol
[10:03] thanx again
01[10:03]  told ya samire, you need a bag
[10:03] you are 100% correct
[10:05] stash the cash
[10:08] .86 s  hal;
[10:11] L RENN .17
[10:15] took RENN with u ese
[10:15] stop ?
[10:16] out 1/2 .23 +.06
[10:16] xco basing
[10:17] stop is .10 for the amount of shs i have
[10:17] die hal
[10:17] ya gettin sleepyy
[10:19] half out
[10:19] target jf?
[10:19] no tarket
[10:19] watch tape
[10:20] lol
01[10:20]  jf is targetless
[10:21] 50 fib  at   47.50
[10:21] what  ya think
[10:21] balance .19 +.02 Renn
[10:21] lookin weak
[10:23] thinking stop is .81
[10:23] should've dropped
[10:23] yep
[10:23] samire....what are ya up there buddy.....
[10:23] to
[10:25] making money
[10:26] perfect
[10:26] where are you in with RENN?
[10:26] sold all + .03
[10:27] .20
[10:27] i have a low commission
[10:27] stop
[10:27] 50 cents per 100
[10:27] shares
[10:28] i like swks here
[10:28] mos sm l .97
[10:29] 3i  lvs   dtop
[10:29] nice dino......missed it ...I like the look of it
01[10:29]  nah jf
01[10:30]  swks
[10:30] or  cup  to  big
[10:30] thanx Vad
[10:30] swks
01[10:30]  you went for .60 break samire?
[10:30] i posted above
[10:30] no
[10:30] took .53
01[10:30]  good one
[10:30] thanx
[10:31] .55  break   lvs
[10:31] hold .65
[10:31] from http://www.editedout.com/
[10:32] mkt  drop  coming   imo
[10:32] careful jf the eur is ripping
[10:32] invalid
01[10:32]  say, if you advertise them here, do you also advetise us there?
[10:32] ty
[10:32] rs
[10:32] yes
[10:33] u are much better Vad
[10:33] honest
01[10:33]  thanks
[10:34] lol
[10:35] smr l gs .00
[10:44] L RENN .19
[10:44] gj renn
[10:45] out RENN .34 +.15
[10:46] daaaaaaaaa what was i thinkin.....1/2 and 1/2.....es ya nimrod!!!!!!!
[10:46] thanx ese
[10:46] tks
[10:46] renn short float 25%
[10:47] ouuuuuuu.....didn't know that ron.......some panic takin place
[10:47] Ron where are you getting your short info
[10:48] easy to check this stuff on finviz.com
[10:48] whoa....look at it go
[10:48] tks
[10:49] hmmmm.....never seen this site before
[10:51] -Vad......look at slw
[10:51] shot up
[10:51] after we sold'
[10:51] been the best free thing on net for 3 yrs running
01[10:51]  that's fine samire
01[10:52]  I play what I can read, and that move into resistance was what I could read at the moment
[10:52] noone could have predicted that eur move samire
01[10:52]  look at the 1 min chart in retrospect:
01[10:53]  nasty drop from .90 to under .50,
01[10:53]  red bar after red bar,
01[10:53]  no slightest atempt to bounce, killing bottom-fishers
[10:53] i c
01[10:53]  look how perfectly we go it on double boottom - it RETROSPECT :)
01[10:53]  in
[10:54] yes
01[10:54]  but double bottom is an immediate setup, so to speak,
01[10:54]  in a sense that it allows you to read the next move, and not much beyond that
01[10:54]  holding for more or finding next entry would require separate independent setup
01[10:55]  again, look at the same chart and see the resistance around .70:
01[10:55]  9:30 to 9:40 roughly
01[10:55]  bottom of the drops
01[10:56]  broken later around 9:45
01[10:56]  and becoming a resistance
01[10:56]  so, as immediate setup double bottom gave us target
01[10:57]  and I played setup as I saw and could read it
[10:57] great 
01[10:57]  thus no regrets
01[10:57]  I mean, look at it this way:
01[10:57]  there are about 10,000 stocks,
01[10:57]  many of them make moves that you never see or never get a chance to play ot can't read
01[10:58]  there is whole universe of moves you don't participate in, for whatever reason
01[10:58]  this is jist one of them :)
[10:58] yes
[11:01] gs stop -.32. i suck today
[11:03] dino...that why i follow u every other day
01[11:04]  lol
[11:04] hal s .95 stop hod
[11:04] lol
[11:05] jpm wow
[11:06] lol sami
[11:07] dino....when i follow u...i ask u 4 stops
[11:07] i followed ese today 
[11:07] ok
[11:07] and Vad
01[11:08]  but ese has great anti-following technique... he wears hood, sunglasses and changes cabs every 3 min
[11:08] wow
[11:09] any opinion on cree ?
01[11:09]  I'd be looking for long on pullback to about .70- .75
[11:10] ok
01[11:12] Long Setup:  SLW  32 break
01[11:13]  CREE is there
[11:13] L ICGN.90
01[11:15]  if you took it, keep stop under .70 and aime to start selling above .85
01[11:16]  half out SLW
01[11:17]  target is .17 - .19
01[11:19]  .95 stop for SLW balance
[11:19] out icgn .98 +.08......daaaaaaaa
[11:20] sprd
[11:22] Muddy Waters is shorting $SPRD
[11:22] fwiw...not a joke, he is communicating a suposed position
[11:22] in cree .72
[11:23] stop .62
[11:23] supposed
[11:23] huh?
[11:23] huh what?
[11:24] supposed? Position?
01[11:24]  well, I guess it's better than assumed one
[11:25] how do i know if he actually took it ese?
[11:25] lol.......well ya got me on that one
[11:26] check the supposed profit
[11:26] in the old internet days guys would torch stocks just for fun
[11:26] long HSOL here
[11:26] 6.15 stop
[11:26] ...and pimp them
[11:26] is finviz real time ron?
[11:26] lots of info
[11:26] delayed
[11:27] 10 or 15 min
[11:28] sprd drop
01[11:28]  it's a research site, not day trading one
01[11:28]  good morning dino...
01[11:28]  lol
[11:29] have seen worse sites for sure
01[11:29]  it's a good one, very respectable and well though-through
[11:30] go cree
[11:30] sm l .26 sprd
[11:30] please push
[11:31] sorry dino......not today
[11:31] dino's from PA, probably never seen the Big Muddy...
01[11:31]  rofl
01[11:32]  you guys crack me up
[11:33] damn dial up
[11:35] mos stop -.17
[11:36] sold cree for 2 cents profit
01[11:36]  better than poke in the eye
[11:37] one way to put your two cents in...
[11:37] i won 6 of 6
[11:38] wtg
[11:38] lol...reports that Muddy Waters site crashed on traffic
[11:40] ese, you there?
[11:44] Vad.......you did great today.......please eat the same food tomorrow
[11:44] Fish and chips
01[11:45]  no chips
01[11:45]  protein diet
[11:45] ok
[11:45] fwiw...here is whay Muddy Waters is the most dangerous man for Chinese junk stocks: http://scr.bi/j43MNu 
[11:45] why
[11:46] if ese ever shows again remind me to make the point to him this could have been RENN
[11:48] glad that i sold cree
[11:48] wonder if dino sold sprd?
[11:49] :P
[11:49] L ORS .61
[11:50] long ago
[11:50] hey ese...
[11:50] yo
[11:51] read above...these Chinese junk stocks are toxic...
[11:52] your referring to sprd?
[11:53] coulda been RENN, ORS or 500 others...
[11:53] definitely
[11:54] whats really funny here is that I thought you were talking about Muddy Waters the Blues musician
01[11:54]  oh boy
01[11:55]  I may not live to see tomorrow
[11:55] :O  jeez...
01[11:55]  you guys are killing me today
[11:55] cree is down
[11:55] He probably could channel something.......at least through his music
[11:56] what is ridiculous is that he's dead isn't he?
[11:57] hmmmmmm am not sure
[11:58] what am i thinkin.....he'd have to be dead......
[11:59] he was born early 1900's if i'm not mistaken
[12:00] yep...1983:  http://en.wikipedia.org/wiki/Muddy_Waters
[12:00] ahhhhhh  there we go
[12:00] yup he's channeling
[12:01] out ORS .75 +.14
[12:02] gj
[12:02] last post on this topic:  ese, you should read this:  http://www.bloomberg.com/news/2011-06-21/john-paulson-subprime-god-flees-muddy-waters-william-pesek.html
[12:06] sprd comeback 2 bucks
[12:06] .40  break  short  hal
[12:06] ya....for sure....it's a mess over there for sure.....just a matter of time....interesting article
[12:07] target   48.00
[12:07] dino
[12:07] am liken ICGN again
[12:12] hal too strong, 0/2 on it
[12:13] very
[12:13] .35  was battle
[12:14] .45  my  stop
[12:14] like  it  tight
[12:16] eat  the  .35
[12:16] lets  go
[12:16] walk  away .35
[12:17] hall you  dontt want  violence  do  ya
[12:19] step  aside  .35
[12:22] great day for Vad
[12:22] won all
[12:22] give him a raise
[12:23] ty  sam  as  im  going  to  be  stopped  out
[12:23] lol
[12:24] just follow Vad
[12:24] and do not use your brain
[12:24] i lock mine in the closet
[12:26] lol
01[12:26]  I lost keys from that closet years ago
[12:27] trying  to  find  my  edge
01[12:27]  lucking trading turned out to be brainless activity
01[12:27]  luckily
[12:27] edgeless
[12:27] lol
[12:32] L ICGN .75
[12:40] i like cree here again for L
[12:44] looking for a bounce on cree
[12:46] .34 break
[12:48] no bounce yey
[12:48] yet
[12:54] out cree here
[12:55] .29
[12:56] quck money
[12:57] why so quick sammy
[13:07] daaaaaaaaaaa icgn stopped .55 -.20
[13:23] Vad.....is it double bottom on cree ?
[13:27] sold cree again
[13:27] .15
[13:27] from .11
01[13:27]  this is kind of individual trading samire
01[13:28]  not really suitable for a room call
01[13:28]  I need a bit more room for profit to make a call
[13:28] yes
[13:47] crashed
[13:48] 30yr touched 200dma re tlt
[13:50] whr bstop to .82
[13:52] to .72
[13:52] to .65
[13:53] L ICGN .60
[13:58] whr to .55
[13:59] cov .55, +.40
[14:00] gj dino
[14:00] gevo bstop to b/e
[14:00] ty sami
[14:02] spy at r2
[14:03] r2 on spy is .46
[14:04] $ACHN chatter - $MRK in talks to acquire company
[14:07] $ACHN just priced over 10M shares 5.90 : June 22. makes takeout strange to say the least
[14:07] ya think, lol
[14:23] .
[14:24]  ..
[14:31] not participating icgn am outta there .52 -.08   sheesh
[14:32] quitting while i'm ahead.....catch you all tomorrow
01[14:32]  take care ese
[14:32] cya vad
[14:34]  cya
[14:46] .
[14:58] ...am hearing the greek austerity vote is 7 edt...can anyone confirm?
[14:58] a.m.
01[14:58]  there are a few steps to it ron
01[14:58]  let me find it
01[14:59]  Timeline for Greek parliament votes on five-year austerity and privization plans on June 29th and 30th
01[14:59]  - There will be two votes in the Greek parliament on the five-year medium-term government austerity plan, the so-called Medium-Term Fiscal Strategy (MTFS).
01[14:59]  - First will come a vote on the general plan on Wednesday morning ET (Wednesday afternoon, local time), then a vote on the law to implement the measures on Thursday morning ET (Thursday afternoon local time).
01[14:59]  - If the parliament votes no (analysts see a 30% probability), the 12B tranche of the EU/IMF would be blocked and Greece would be left grappling for funding in a political vacuum pending a likely general election.
01[14:59]  - Yes votes will shift the immediate focus will shift to the Eurogroup meeting on July 3rd. The Eurogroup will look to define a three-year package effectively removing the need for Greece to access bond markets before 2015. While there is no final number as of yet, a package of 85-120B seems likely split between new EU/IMF loans worth 40-70B, Greek privatization receipts of around 25B and private creditor participation of 20-30B.
01[14:59]  end
[15:02] http://www.infowars.com/cancer-surges-in-body-scanner-operators-tsa-launches-cover-up/
[15:03] hmmm...hope this goes mainstream...
[15:04] ...the tsa is out of control
[15:14] ...nemo,  see it on drudge...that where you got it?
[15:17]   whr sm s .24
[15:17] DIS long
01[15:19] Long Setup:  TZA  .35 break
[15:20] out dis
[15:20] scalp
[15:23] Vad .......do you trade TZA evrey day before the close ?
01[15:23]  no, it's a temporary phenomenon,
01[15:23]  only because I see things are "fear to hold overnight"
01[15:24]  thus selling hitting closer to eod
[15:24] thanx for the info
[15:26] gevo stop -.01
[15:31] did tza trigerred ?
[15:31] did it print.36?
[15:31] no
[15:33] in
[15:33] well, as usual 3 rinses, mos, gevo, meli
[15:34] Summer=the season of one entry early
01[15:42]  ok SPY
01[15:42]  time to drop
01[15:42]  whatever you think of Greek vote, it's just too risky
01[15:42]  so sell and go home
[15:44] i sold .38
[15:44] what is your stop
01[15:44]  stopped
01[15:44]  under .25
01[15:44]  look ay 1 min
[15:44] glad i sold
01[15:44]  I wouldn't be
01[15:45]  ths kind of things will greatly undermnine your performance
01[15:45]  stocks will go and you will be left in the dust
01[15:45]  you are trying to guess which one works and which one doesn't
01[15:45]  good luck with that
[15:46] i know...it is my bad
[15:46] bye
01[15:47]  (EU) ECB's Trichet: Europe requires a quantum leap in economic governance; reiterates call for a euro zone finance ministry
01[15:47]  - Soft policy cooordination in the euro zone has met the limits of utility, Europe urgently needs a renewed vision for governance.
01[15:47]  oh boy
01[15:47]  these guys won't quit until they destroy everything
[15:47]  whr stop -.13
[15:48] The Greeks are about to put the kaibosh to the Euro
01[15:48]  you think?
[15:48] never
[15:48] you?
01[15:48]  no
01[15:49]  all the projections seem to be that austerity passes
[15:49] ruin our reputation
[15:49] yeah, but even if it does, the Cretins will strike and protest, and....and there won't be the revenues to pay the bills
[15:50] but the greeks will default by summer 2012 and get out of euro. thats my bet
[15:50] i'm w/nemo. they cannot pay
[15:50] yeah, 2012, end of the world......
[15:50] ....financial system
[15:50] They'll continue to fight for their right to retire at puberty
[15:51] lol
01[15:51]  so, the likeliest deelpment is:
01[15:52]  measures pass the parliament but never get implemented anyway
01[15:52]  agree?
[15:52] even if they get implemented they won't succeed
[15:52] but its the rest of euro countries rught to work longer to support them
[15:52] Yep...and the right will rise again in Germany...
[15:53] right
[15:53] La Penn will likely come to the fore in France also
[15:53] i've been thinking alot lately that if i were greece, i'd just default now
[15:53] which will also start upping the pressure on Islam
[15:53] oh shit, I'm thinking again
[15:54] Where's the Vodka
[15:54] in freezer
[15:54] ahhh...thanks
[15:55] 2012 is gonna' be a frickin' mess
[15:55] I"m going to play with the rabbit
[15:56] gn all
[15:56] bye :)
01[15:57]  thank you all, have a good evening
01[15:57]  see you tomorrow
[16:06] thanks vad

Jun 27 2011

Started day with a few stops, and even though caught some wins later on, still finished day in red. 

Session Time: Mon Jun 27 00:00:00 2011
[08:45] {davd} gm all
[08:45] {Threei}  morning davd
[08:47] {nemo} should be quiet week...big holiday coming up, earnings don't start until the 11th
[08:47] {Threei}  unless Greece thing heats up
[08:47] {nemo} yeah, if we could get a couple of big bank failures back to the good old days of FAZ ;)
[08:51] {Threei}  (GR) Greece Gov't Spokesperson: To begin state asset sales in two-three months
[08:51] {Threei}  - Sales to begin once state agency is set up
[08:51] {Threei}  ** FX dealers noted that last week a journalist asked EU Juncker about the Greek privatization plan by suggesting to him that - under the terms - Greece had to effectively sell an asset every 10 days...and given that they haven't sold anything in over a year how does he expect them to do this. Juncker's answer: "They will have to do so."
[09:04] {Threei}  German Dep Fin Min Asmussen: The euro is in danger of losing legitimacy
[09:04] {Threei}  that's a laugh
[09:11] {RonS} gm...3i, ever heard of or been to Red Fish Blue Fish?
[09:12] {Threei}  Ron :)
[09:12] {Threei}  no
[09:12] {Threei}  well, walked by
[09:12] {Threei}  haven't been to
[09:13] {Threei}  why?
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:14] {RonS} they were featured on one of the food channels
[09:15] {RonS} supposedly better fish and chips than in Britain
[09:15] {dino} gm all
[09:15] {Threei}  quite an achievemtn for what is essentially fast food destination :)
[09:15] {Threei}  dino :)
[09:16] {Threei}  it's more like a kiosk on the shore
[09:17] {Threei}  you come in, stand in line, get your food in a paper tray or plate, sit at the wooden table or (more likely) stand anywhere around and eat with plastic fork
[09:18] {Threei}  http://www.urbanspoon.com/u/photo_list/1349017?photo_id=213567
[09:19] {Threei}  http://www.urbanspoon.com/u/photo_list/1349017?photo_id=182300
[09:19] {Threei}  you get the idea
[09:22] {RonS} yep, that's the place...anyway, Victoria has lots to see and do...
[09:23] {Threei}  oh yeah
[09:24] {Threei}  5 years in, I still discover new places, attractions etc
[09:24] {RonS} quite amazing for such a small town, special place imo
[09:25] {Threei}  very
[09:25] {Threei}  and small is relative... it's spread out big time
[09:26] {Threei}  most tourist never venture out of core, and even thatg can keep them busy for many days
[09:27] {Threei}  slight gap up slowly dissipates
[09:28] {Threei}  RIMM, spread is too wide for now but if tightens and consolidates close to .60, short on breakdown of this support is in order
[09:28] {Threei}  uhhu
[09:28] {Threei}  forget it
[09:29] {ese} gm
[09:29] {Threei}  ese :)
[09:29] {Threei}  also, Ron, among what (well, who) to see here are ese, patience and pragmatic :)
[09:29] {RonS} @businessinsider Apple Will Have TWO New iPhones In September
[09:30] {Threei}  yeah, we have not enough of those
[09:30] {Threei}  RIMM decided not to wait for us
[09:30] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:31] {Threei} Short Setup: SLW  .40 break
[09:31] {Threei}  late too
[09:31] {jfjf64} yes
[09:31] {Threei}  OK, waiting for bounces for entry
[09:32] {Threei}  RIMM is bouncing
[09:32] {Threei} Short Setup: RIMM  .60 break
[09:32] {nemo} slw long here?
[09:32] {Threei}  stop above .70
[09:32] {Threei}  no SLW
[09:34] {Threei}  1:1
[09:34] {Threei}  ugh, missed SLW .25 break short
[09:35] {larisa} .73 is not above .70 ? or my chart is wrong ?
[09:35] {Threei}  not wrong
[09:36] {larisa} k
[09:36] {Threei}  discretionary rather as it was widening spead witn couple prints above .70
[09:36] {Threei}  immefiately dropped back down
[09:36] {jfjf64} 3i  pls  dont  get  larisa  mad
[09:36] {Threei}  what am I suicidal
[09:36] {jfjf64} lol
[09:37] {Threei} Long Setup:  FCX  .70 break
[09:37] {Threei}  if stays above .60
[09:38] {jfjf64} comon  baby
[09:38] {jfjf64} bounceeeee
[09:39] {Threei}  no go
[09:43] {Threei} Short Setup: SLW  .30 break
[09:44] {Threei}  stop above .40
[09:45] {Threei}  what's with this market ramp up, no news
[09:45] {dino} flo?
[09:45] {Threei}  3-2 split
[09:46] {dino} ty
[09:47] {Threei}  no go SLW
[09:51] {Threei}  frikin RIMM
[09:53] {Threei} Long Setup:  RIMM  .10 break
[09:53] {Threei}  stop under 28
[09:54] {Threei}  if this one doesn't work, I go to a monastery for the next 3 years
[09:55] {Threei}  see you in 2014
[09:55] {larisa} no, no vacation for you :)
[09:55] {jfjf64} by  by
[09:55] {Threei}  oh come on larisa...
[09:55] {Threei}  it's either that or I;ll have to eat your keyboard
[09:56] {Threei}  not in tune with market at all this morning
[09:58] {Threei}  cutting size to half for the next few trades
[09:58] {nemo} don't forget cutting your wrists with a banana
[09:59] {Threei}  last time I tried to do that, you said I need a new line
[09:59] {nemo} yeah, but I can use it
[09:59] {Threei}  I just can't win, can I
[09:59] {Threei} Long Setup:  FCX  .85 break
[09:59] {nemo} boo hoo
[09:59] {Threei}  if stays above .75
[10:00] {Threei}  invalidated
[10:02] {Threei} Long Setup:  FCX  .80 break
[10:03] {nemo} took it .71
[10:03] {Threei}  love aggressive entry
[10:03] {Threei}  1:1
[10:03] {nemo} saw bunch buying at .68
[10:11] {samire} oil is rebounding today
[10:11] {nemo} for now
[10:15] {dino} ctrp sm l .05
[10:16] {Threei} Long Setup:  LVS  .60 break
[10:18] {Threei}  after .65 break let's trail stop to .54
[10:19] {Threei}  and aim for .85 target, two partials
[10:20] {samire} stop now .54
[10:22] {samire} where is the first target ?
[10:24] {samire} half out
[10:24] {Threei}  right here
[10:24] {samire} .72
[10:24] {Threei}  correct
[10:24] {samire} thanx
[10:24] {Threei}  :)
[10:25] {Threei}  stop to .59 now
[10:25] {dino} nuva sm l .65
[10:26] {Threei}  US Supreme court rules against restrictions on violent video game sales- Rules California restrictions on violent video games is unconstitutional.
[10:28] {samire} Dino...stop on NUVA please
[10:29] {dino} out ctrp .37, +.32
[10:30] {dino} nuva is .47
[10:37] {Threei}  out second half LVS
[10:37] {Threei}  target hit
[10:38] {Threei}  tedious work of trimming down the morning loss, but that's how it must be done
[10:38] {samire} Thanx Vad
[10:38] {Threei}  try to go for "get it all back at once," you'll only accumulate more losses
[10:39] {jfjf64} exackytly
06[10:39] * nemo slaps jf with a large Threeish dictionary
[10:40] {Threei} Short Setup: RIMM  .05 break
[10:41] {dino}  hogs
[10:42] {Threei}  invalidated
[10:43] {dino} nuva stuck tighten to .57
[10:50] {dino} nuva to b/e
[10:51] {samire} thanx dino for posting
[10:51] {dino} np
[10:54] {dino} nuva to .69
[10:55] {dino} stop +.04
[10:59] {samire} thanx again
[10:59] {Threei}  (GR) EU working on contingency plans for Greece in case its Parliament reject austerity plan on Wednesday
[10:59] {Threei}  - financial press citing sources
[10:59] {Threei}  - Have ruled out some options, including an EU bridge loan.
[10:59] {Threei}  - One contingency plan still under consideration is for a third party to extend a new loan to Greece.
[11:00] {Threei}  third part?
[11:00] {Threei}  lol
[11:00] {Threei}  mars?
[11:00] {Threei}  jupiter?
[11:00] {RonS} China?
[11:01] {RonS} Turkey?...lol
[11:01] {Threei}  i doubt anyone on thisa planet still doesn't know greece is a black hole
[11:01] {RonS} Zimbabwe?
[11:08] {ese} they need to let that country go bankrupt.......some bond holders then loose alot of money....or whomever loooses alot of money....they start over then people can make some money....it's healthy
[11:09] {Threei}  totally ese
[11:09] {dino} agreed, it will happen sooner or later. if i was greece, i'd take sooner
[11:09] {RonS} nemo, where's that dictionary?
[11:11] {ese} dino whats sm for you 3 or 4
[11:12] {ese} lookin at NBR here
[11:13] {dino} 4
[11:13] {dino} hmpr blood
[11:14] {RonS} reverse split
[11:14] {ese} whats the story there dino
[11:15] {dino} troubled bank
[11:15] {RonS} sorry, that was in April...
[11:15] {dino} mmi drop
[11:16] {ese} arn't they all
[11:16] {dino} lol, and yes
[11:20] {Threei}  be back in 20
[11:31] {dino} xco sm l .01
[11:31] {dino} stop .89
[11:32] {ese} L onty.15
[11:35] {RonS} EXCO Resources (XCO) drops after CEO Douglas Miller is considering buying part of the company after financing problems prevented him from taking it private, The Wall Street Journal said, citing people familiar with the situation.
[11:36] {dino} ty
[11:41] {dino} trex sm l .50 stop .33
[11:42] {Threei}  back
[11:47] {dino} trex stopped
[11:51] {Threei} Short Setup: X  .85 break
[11:52] {Threei}  invalidated
[12:02] {dino}  ctrp sm l .00
[12:02] {dino} stop .87
[12:10] {ese} onty stop to .10
[12:19] {Threei}  X, was worth re-validating
[12:19] {Threei}  I guess I am overly hesitant
[12:22] {patience} good morning, have i missed much?
[12:23] {dino}  no
[12:24] {Threei}  nope
[12:24] {Threei}  not our day so far
[12:24] {patience} is it comex expiry today?
[12:26] {dino} trex rinse
[12:35] {dino}  out xco .30, +.29
[12:37] {Threei} Short Setup: X  .60 break
[12:40] {ese} onty stop to .13
[12:57] {samire} go down X
[12:59] {samire} in short
[13:00] {dino}  zzzzzzz
[13:01] {Threei}  zzz is right
[13:02] {Threei}  this is beyond incredible
[13:02] {Threei}  tell me, am I sleeping and this is a nightmare:
[13:02] {Threei}  (US) Fed's Hoenig: Large banks putting US capitalism at risk
[13:03] {Threei}  Fed's guy says it?????
[13:03] {ese} zzzzzzzzzzzzzzzzzz
[13:04] {Threei}  X is not cooperating
[13:06] {dino} lol, the feds made those banks larger
[13:07] {RonS} ...and the Fed has sponsored a 20 year push to conslidate the whole sector
[13:07] {RonS} consolidate
[13:07] {Threei}  this is bizaaro world
[13:08] {dino} indeed
[13:15] {ese} onty stopped .13 -.02
[13:15] {ese} daaaaaaaaaaaaaaaaaaa
[13:20] {ese} shoulda taken my 120 bucks when i had the chance......auch du miya!!!!
[13:42] {ese} arent' we a lively bunch today ehhh?
[13:42] {Threei}  very uncooperative day
[13:47] {dino}  nothing moving
[13:49] {RonS} ferts
[13:56] {samire} slightly (- 8) red day for me
[13:56] {Threei}  red here so far too
[13:56] {Threei}  not pushing anymore, just waiting to see if mighty day-fixing trade comes along
[13:57] {dino} just looking for spikes and fast falls
[14:01] {davd} spy over r1
[14:16] {samire} yes
[14:23] {Threei}  Over 70% of the Greek people in a recent poll indicated they are opposed to further debt enslavement by the Euro banksters and the Greek government.
[14:23] {Threei}  vote on Wed
[14:24] {Threei}  vote no would be extremely explosive for the markets
[14:24] {Threei}  or implosive?
[14:26] {patience} .
[14:28] {RonS} wonder if a no vote will trigger a full run on the greek banks...
[14:29] {dino} and european banks, and usa banks
[14:29] {davd} isnt the vote wednesday?  ive lost track.
[14:30] {RonS} yes dave
[14:30] {Threei}  14:23] {Threei} vote on Wed
[14:30] {Threei}  davd... you are making me cry
[14:31] {davd} well, my question was timely.  i just missed the little important line
[14:31] {RonS} making you feel like a cherokee eh 3i?
[14:31] {RonS} ...trail of tears...
[14:31] {Threei}  like roger dangerfield
[14:32] {RonS} rodney
[14:32] {Threei}  right
[14:32] {Threei}  "I get no respect"
[14:32] {RonS} unless roger was the canadian knockoff...
[14:33] {dino} ctrp to .35
[14:33] {Threei}  nah, I just forgot the name
[14:33] {dino} out .37, +.37
[14:34] {RonS} 3i...r u watching lvs for a L setup?
[14:37] {Threei}  would need a bit pullback for that
[14:37] {Threei}  in a slow creep-up it's almost impossible tofind an etnry
[14:38] {Threei}  no consolidation under 40
[14:45] {dino} chnr
[14:48] {Threei}  pullback into support, LVS
[14:57] {Threei}  I'd expect things to heat up tomorrow and be fairly hectic on Wed
[15:16] {RonS} lol...Wedding planners aren't the only ones riding the gay-marriage gravy train.
[15:17] {RonS} Lawyers, too, are expecting a bonanza -- from gay divorce
[15:20] {RonS} ...reminds me of the old saw:  why is divorce so expensive?
[15:21] {Threei}  well? :)
[15:21] {samire} amsc
[15:21] {RonS} ...because it's worth it...
[15:22] {Threei}  lol
[15:24] {dino} what are the 3 rings of marriage
[15:24] {samire} amsc high of the day
[15:24] {RonS} dunno dino
[15:25] {dino} engagement ring, wedding ring, and suffering
[15:27] {samire} Vad.....are you still looking for trades today   ???
[15:27] {RonS} have i told you guys the dennis rodman quote when he broke w/ cameron diaz?
[15:27] {samire} or should we call it a day
[15:28] {Threei}  still looking samire
[15:28] {Threei}  but I will go for it only if signs of selling appear
[15:28] {Threei}  not going to buy into stall or slow crrep
[15:28] {dino} no ron
[15:29] {RonS} ...there is not a beautiful woman in the world who does not have some guy somewhere who is thanking god he is away from her...
[15:30] {nemo} that's a euphemistic way of putting it
[15:31] {nemo} great...nephew just brought home a baby robin...hope Bunny isn't the jealous type
[15:32] {RonS} lol...how would you know?...
[15:32] {nemo} Well, Bunny is a female
[15:34] {samire} boring
[15:34] {RonS} if she starts cheeping that might be a clue...
[15:36] {Threei} Long Setup:  TZA  .67
[15:38] {Threei}  last attempt to squeeze something out of this day
[15:41] {Threei}  want to exit half near .80
[15:53] {Threei}  running out of time...
[15:53] {davd} in tza .67
[15:54] {Threei}  don't carry it overnight davd
[15:55] {Threei}  risk of gap up is huge
[15:55] {davd} how about till 5pm after hours?
[15:55] {Threei}  dunno...
[15:55] {nemo} spy  gonna bounce
[15:56] {dino}  well, calling it a day, slow one, but positive. thx all
[15:56] {Threei}  good jiob dino, negative here
[15:56] {davd} hmmm waiting re tza
[15:57] {davd} out tza .75
[15:57] {Threei}  forget partialing, going to exit whole of course
[15:57] {Threei}  out too
[15:57] {Threei}  at least finishing day with winning trade, lol
[15:59] {samire} thanx vad
[15:59] {samire} exited .77
[15:59] {samire} = .10
[16:00] {samire} +
[16:00] {davd} tx vad
[16:00] {Threei}  sure
[16:00] {Threei}  OK guys
[16:00] {Threei}  not a stellar day by any means
[16:00] {Threei}  but heck
[16:00] {samire} bye
[16:00] {Threei}  have a good evenbing, see you tomorrow

Jun 24 2011

Started the day with quick 6 wins out of 7 trades - all in first 30 minutes. The things became murkier, took a stop, took a scalp. All in all, no reason to complain.

Session Time: Fri Jun 24 00:00:00 2011
[07:38] {davd} ..
[08:30] {nemo} morning, good reports?
[08:30] {Threei}  (US) MAY DURABLE GOODS ORDERS: 1.9% V 1.5%E; DURABLES EX TRANSPORTATION: 0.6% V 0.9%E
[08:30] {Threei}  *(US) Q1 FINAL GDP Q/Q ANNUALIZED: 1.9% V 1.9%E; PERSONAL CONSUMPTION: 2.2% V 2.2%E
[08:30] {Threei}  good morning
[09:01] {Threei}  (GE) Greece PM: Parliament will vote on two bills next week; affirms that Greece has secured the fifth tranche of its loan plus a new bailout facility
[09:01] {dino} gm all
[09:01] {Threei}  (US) Q1 Final Core PCE Q/Q: 1.6% v 1.4%e; GDP Price Index: 2.0% v 1.9%e
[09:01] {Threei}  dino :)
[09:08] {gen} gm :)
[09:08] {Threei}  gen :)
[09:08] {Threei}  really pity you had to leave yesterday... we've got two beautiful plays at the last hour
[09:09] {davd} beauts baby
[09:12] {dino} couldn't be helped, gram died
[09:12] {Threei}  sorry :(
[09:12] {dino} thx
[09:12] {nemo} wow...sorry,
[09:13] {dino} thx
[09:22] {RonS} gm...Southern Union agrees to be acquired by Energy Transfer for $33 a share, about $4.2 billion, ignoring Williams’ superior bid of $39.
[09:23] {Threei}  ron :)
[09:25] {samire} gm
[09:25] {Threei}  samire :)
[09:26] {samire} which stock are you watching at the open
[09:28] {Threei}  usual suspects
[09:28] {Threei}  SLW
[09:28] {Threei}  RIMM
[09:28] {Threei}  FCX
[09:29] {Threei}  no clear opening play yet
[09:29] {jfjf64} mornin
[09:29] {ese} gm
[09:30] {jfjf64} see i missed  another late  trade  yest
[09:30] {Threei}  jf, ese :)
[09:30] {Threei}  two jf...
[09:31] {Threei} Short Setup: SLW  .95 break half lot
[09:32] {Threei}  if stays under .10
[09:32] {Threei}  correct it to 33 break
[09:33] {Threei}  target .75 at least, maybe more
[09:33] {Threei}  first partial around .80 - .85
[09:34] {Threei}  half out
[09:34] {jfjf64} lol
[09:34] {jfjf64} nice
[09:35] {Threei}  stop to .06
[09:35] {Threei}  should go undr .70
[09:36] {Threei}  original target hit
[09:36] {Threei}  if you held the balance, trail stop to .01
[09:37] {Threei}  to .95 now
[09:37] {Threei}  done
[09:39] {Threei} Long Setup:  RIMM  .80 break
[09:39] {Threei}  1:1
[09:40] {Threei}  stop to .74 if partialing
[09:41] {Threei} Short Setup: FCX  .50 break
[09:42] {Threei}  1:2
[09:42] {nemo} dramamine please
[09:42] {Threei}  things happen fast and furious this morning
[09:42] {dino} gj
[09:42] {nemo} Russell rebalancing today
[09:44] {Threei} Short Setup: FCX  .50 break
[09:44] {Threei}  yes, again
[09:44] {davd} nemo is that historically bullish or otherwise?
[09:44] {Threei} Long Setup:  FCX  .55 break
[09:45] {Threei}  short it is
[09:45] {nemo} for the stocks going into the index yes
[09:45] {Threei}  1;1
[09:45] {nemo} oh you confused me, it was a two way
[09:47] {Threei}  two way but somewhat unusual, in that long trigger was closer than the stop for the short trigger
[09:47] {Threei}  1:3
[09:47] {Threei}  out
[09:47] {Threei}  can I go home?
[09:47] {jfjf64} not  yet
[09:48] {samire} you are home
[09:48] {Threei} Long Setup:  RIMM  .40 break
[09:48] {jfjf64} ned to make up 4 trades i missed
[09:48] {Threei}  aww, late
[09:48] {Threei}  wait for pullbavk
[09:49] {Threei}  ok, valid again
[09:49] {Threei}  same setup, in
[09:49] {Threei}  held by fingertips
[09:50] {Threei}  so far so good, long tail
[09:50] {Threei}  close this canmdle above .40
[09:50] {Threei}  and should be fine
[09:51] {Threei}  1:1
[09:51] {jfjf64} gooooo
[09:51] {Threei}  stop to .38
[09:54] {Threei}  target .75
[09:55] {Threei}  out
[09:56] {Threei}  OK, continuing at this pace until first stop
[09:56] {Threei} Long Setup:  FCX  .40 break
[09:56] {Threei}  if stays above .30
[09:56] {Threei} Long Setup:  SLW  .95 break
[09:57] {Threei}  1:1 FCX
[09:57] {jfjf64} go  vad
[09:57] {jfjf64} go vad
[09:57] {Threei}  SLW, if stays above .85
[10:00] {dino} sfsf sm l .45
[10:01] {Threei}  SLW stopped
[10:02] {Threei}  taking breath
[10:02] {jfjf64} well  deserved
[10:02] {jfjf64} ty
[10:02] {jfjf64} good  job
[10:02] {Threei}  7 trades in 30 min
[10:03] {Threei}  6/1
[10:04] {ese} L onty .62
[10:05] {RonS} took sfsf .60 to .92  mini ese size  thanks dino
[10:06] {ese} out 1/2 .70 2k
[10:07] {ese} balance to break even .63
[10:07] {dino} gj
[10:07] {ese} tks
[10:07] {ese} trying to make up for the +.02 profit yesterday
[10:08] {Threei}  ugh
[10:08] {Threei}  SLW .75 break was so tempting
[10:08] {Threei}  decided to skip it, now crying in my own shoulder
[10:08] {dino} out sfsf .75, +.30
[10:09] {nemo} thought that shoulder fell off?
[10:09] {nemo} from patting yourself on the back
[10:09] {Threei}  right
[10:09] {Threei}  so it's very convenient now to cry in
[10:09] {ese} good one dino
[10:09] {Threei}  I just pick it up from the floor and put under my eyes
[10:09] {dino} ty
[10:11] {jfjf64} grr
[10:11] {dino} drop coming imo
[10:11] {jfjf64} was  watchin    xlnx    dtop
[10:11] {jfjf64} ahh vey
[10:11] {jfjf64} oh  boy
[10:12] {jfjf64} sound  like  nemo
[10:12] {ese} onty balance stopped even
[10:12] {dino} gj
[10:13] {Threei}  nice selling pressure, adn should continue after little bounce
[10:13] {Threei}  watching FCX for short above .20
[10:14] {Threei}  closer to .30 would be ideal
[10:14] {Threei}  and SLW above .70
[10:18] {Threei}  no bounce
[10:18] {Threei}  sitting in the ditch, waiting for my antelope
[10:25] {Threei}  FCX provided just what was required with spike over .20, just too fast to alert
[10:27] {Threei} Long Setup:  FCX  .10 break
[10:28] {ese} in
[10:28] {dino} sfsf blood
[10:28] {Threei}  stop for scalpers under 49, day traders .95
[10:28] {ese} .10
[10:28] {ese} L onty also .65
[10:30] {ese} .63
[10:32] {ese} was gonna pull the trigger on fcx....lets see what happens on this run
[10:33] {ese} hmmmmmmm
[10:34] {dino} sfsf sm l .60 wide
[10:36] {RonS} took sfsf .68 to .94  thanks dino
[10:36] {dino} gj
[10:36] {dino} pulp
[10:37] {samire} strange market
[10:37] {samire} up and down
[10:37] {RonS} weird...no news...makes you nervous...
[10:37] {dino} every day is like 3 days
[10:39] {ese} indrrd
[10:39] {ese} indeed
[10:40] {ese} 4th X bouncing off .00 fcx
[10:41] {samire} is that good  ?
[10:41] {ese} ya...suppose to be.....support
[10:42] {ese} crap....stopped .98 fcx
[10:42] {ese} -.12
[10:44] {Threei}  (US) US Rep Frank (D-MA): Concerned about debt ceiling discussions, markets have a right to be jittery - CNBC interview
[10:44] {Threei}  thanks barney
[10:44] {Threei}  I hold nemo responsible
[10:45] {ese} out 1/2 onty .71 2k +.06
[10:45] {ese} balance to break even .65
[10:50] {ese} fairly relentless selling the last 2 days
[10:51] {dino} lol, last two months
[10:52] {ese} just thinking about the gravity of that statment.........thats bloody dangerous.....what is that idiot thinking
[10:52] {RonS} barney been blathering for decades...noone cares about him
[10:53] {dino} nuva sm l .75
[10:53] {ese} it was a statement like that that caused the market crash april 2000 by some idiot
[10:54] {ese} ya your right ...that women was an analyst at least
[10:58] {ese} am liken the ONTY is holding....good sign of strength here
[10:59] {ese} way
[10:59] {samire} what a day
[11:00] {ese} better than yesterday for me
[11:07] {ese} ok.......lets play a game........I know a secret and you don't?.......hmmmmmmmm
[11:07] {nemo} you're a hermaphrodite?
[11:07] {RonS} lol
[11:08] {ese} lol
[11:08] {ese} nah....thats not it.......
[11:08] {ese} ok I'll tell ya
[11:08] {ese} Vad looks awesome in a tux........
[11:09] {Threei}  why thank you
[11:10] {ese} trust me I know.......after playing with 4 symphony orchestras here in Canada........I know tuxes
[11:13] {davd} poss db spy off s1?
[11:14] {Threei}  doesn't feel this way davd
[11:14] {ese} i don't think so either Dave
[11:15] {Threei}  (CH) US anti-trust regulators are said to be ready to sign an agreement with Chinese regulators - US financial press
[11:15] {Threei}  beautiful
[11:15] {Threei}  my variation:
[11:15] {nemo} o.k. we'll let you guys bend our investors over
[11:15] {ese} thats a "so what"
[11:15] {Threei}  (CH) US anti-trust regulators are said to be ready to sign an agreement with Chinese regulators not to regulate each other
[11:17] {ese} lol
[11:18] {davd} interesting 30yr cant move up today re tlt
[11:19] {Threei} Long Setup:  JPM  .65 break
[11:22] {Threei}  changing to aggressive
[11:22] {Threei}  .60 break if holding .55
[11:22] {ese} out onty .99 2k +.34
[11:22] {RonS} wow ese gj
[11:23] {Threei}  nice ese
[11:24] {dino}  wtg
[11:24] {ese} tks........if Vads not feeling well the day of the Shiskabob party i'll have to buy the shskabob.....so I need that
[11:24] {Threei}  davd... may I revisit my answer about SPY bottoming and change it to yes?
[11:25] {Threei}  yeah right ese... as if you could buy this quality anywhere
[11:25] {ese} lol
[11:27] {davd} sorry too late
[11:27] {davd} :s
[11:28] {Threei}  well, then I'll have to apply selling pressure to the market to make my first answer valid
[11:28] {Threei}  so if we sell off hard today, it's going to be your fault
[11:28] {Threei}  you could protect markets by allowing me a mulligan... and elected not to do so
[11:29] {jfjf64} how  come  im  not  invited  to  shish  ka bob   bq
[11:29] {Threei}  you are
[11:29] {Threei}  fly over
[11:29] {jfjf64} send  my  air  fare
[11:29] {Threei}  hmmm
[11:30] {Threei}  I thought I did this morning
[11:30] {jfjf64} was  that  a  hmmm    yes
[11:30] {jfjf64} or  a  hmmm     no way
[11:30] {jfjf64} lol
[11:31] {Threei}  it was hmm, I guess I'll stick to locals - even if they demand that I pay for gas for them to get to my place, it will be less ruinous to the party budget {G}
[11:34] {ese} lol
[11:35] {jfjf64} least  ya  cd  send  me  one  of  ya  famous  ka  bobs
[11:45] {dino} nuva to .06
[11:48] {dino} out nuva .10, +.35
[11:58] {Threei}  I'll be back in 20-30 min guys
[11:59] {dino} .
[12:26] {ese} thats a good one dino.....
[12:26] {nemo} bored, huh...
[12:26] {ese} thought about that one earlier......
[12:30] {dino}  thx
[12:34] {Threei}  back
[12:35] {Threei}  still there I see
[12:39] {dino} out sfsf to .49
[12:40] {dino} stop to .49
[12:42] {dino} to .60
[12:44] {dino} out ave .61, +1.01, tough one took awhile
[12:45] {Threei}  wow
[12:45] {Threei}  nice
[12:51] {dino} thx
[12:51] {dino} ctrp sm l .30
[12:52] {davd} spy at s1
[12:57] {samire} thanx dino for ctrp
[12:57] {samire} = .12
[12:57] {samire} +
[12:57] {samire} out
[12:57] {dino} gj
[12:57] {samire} what is your target ?
[12:59] {dino} .60
[13:04] {davd} spy below s1
[13:08] {Threei}  and it's all your fault davd
[13:08] {Threei} Long Setup:  TZAS  39 break
[13:08] {Threei}  TZA
[13:08] {Threei}  sorry
[13:09] {nemo} and I was thinking tna long
[13:09] {Threei}  you still may be right
[13:10] {Threei}  mine didn't trigger
[13:10] {nemo} mine did
[13:10] {samire} update on TZA ?
[13:10] {nemo} invalidated samire
[13:10] {samire} thanx
[13:11] {Threei}  can reestablish itself
[13:11] {samire} ok
[13:11] {Threei}  let's not dismiss it completely for now
[13:11] {Threei}  this kind of breakdowns often go through several cycles of invalidation/revalidation
[13:12] {nemo} Russell 2000 rebalancing today, could get hectic in tna/tza
[13:22] {samire} go vlo
[13:23] {nemo} Is the paint dry yet?
[13:25] {samire} no
[13:42] {RonS} spx goes 3 pts and ctrp 3 cents...sheesh
[13:42] {dino}  where you in?
[13:42] {RonS} .30
[13:58] {dino}  nothings moving
[14:05] {samire} yes
[14:08] {Threei}  TZA is back on watch
[14:08] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:08] {nemo} well...the zzzzzzzzzzzzz's are
[14:12] {Threei} Long Setup:  TZA  39 break
[14:15] {Threei}  target .30 or so
[14:16] {Threei}  with usual partials
[14:16] {Threei}  may reevaluate for higher target for the last portion but we will see as we get there
[14:17] {nemo} .87 spy support
[14:19] {Threei}  oh well
[14:24] {samire} no go
[14:24] {Threei}  ?
[14:24] {samire} broke .9
[14:24] {Threei}  it hit 1:1
[14:24] {Threei}  what do we do when it happens?
[14:24] {samire} be
[14:25] {samire} it did it reach 39.10 ?????
[14:25] {Threei}  As the price moves in our favor, full exit or partial exits are taken at the levels that we call risk/reward ratios. In this case, 1:1 will be reached around $10.10 (10 cents initial risk to 10 cents profit). Scalpers take full exit at this level; day traders take first partial and trail their stop under the breakeven point. Next partial is taken around 1:2, etc. Most often our partials consist of 1/2, 1/4 and 1/4.
[14:25] {Threei}  samire... do you have charts??
[14:25] {samire} yes
[14:25] {Threei}  14:16 candle
[14:25] {Threei}  what high do you have for it?
[14:26] {samire} .1
[14:26] {samire} u are correct
[14:27] {Threei}  I don't understand...
[14:27] {Threei}  you have open position, it's moving, and you don't watch the movement?
[14:28] {samire} i agree
[14:41] {Threei}  lol, hit .31 on this spike
[14:50] {ese} i'm outta here all.......my kids last day at school and there out at noon.......see ya'll in september
[14:51] {Threei}  take care ese
[14:51] {ese} had ya goin there didn't I.........cya monday
[14:51] {ese} cya vad
[14:51] {nemo} no
[14:51] {dino} cya ese
[14:51] {ese} lol
[14:59] {Threei}  feels like selloff toard the end of day
[15:02] {RonS} U.S. commodity regulators are examining whether word of a decision to coordinate a release of global oil stockpiles was leaked ahead of Thursday’s announcement by the International Energy Agency, according to a person familiar with the matter.Officials with the Commodity Futures Trading Commission as well as market participants have pointed to unusual trading
[15:03] {RonS} in the oil-futures market before the IEA’s announcement that it would release 60 million barrels of oil, the person said.
[15:09] {dino}  ctrp stop +.04
[15:16] {dino}  ctrp l .28
[15:18] {nemo} choppy choppy choppy
[15:24] {Threei}  breakdown comes
[15:24] {RonS} es at greek blastoff point
[15:26] {Threei}  yes, and break of it is a break of the backs of last optimists standing
[15:26] {RonS} like the saying goes:  ''Beware of Greek rallies..."
[15:26] {Threei}  lol
[15:26] {Threei}  that rally was a big wooden horse
[15:26] {nemo} with splinters
[15:27] {Threei}  no... wth warriors inside
[15:27] {nemo} bunch of greek butt....    never mind
[15:30] {Threei}  OK guys, I feel I must give my brain a rest
[15:31] {Threei}  even though it sdoesn't really participate in trading, but finding the letters on a keyboard requires certain effort
[15:31] {Threei}  IMO, market is going to sel.l more into close
[15:31] {Threei}  if you feel like pushing more, try for that
[15:31] {Threei}  Have a great weekend, I'll see you all on Monday
[15:32] {dino}  cya vad
[15:33] {nemo} remember that quote as it launches upward
[15:33] {dino} lol
[15:37] {dino} ctrp to .30
[15:40] {dino} out ctrp .39, +.11
[15:40] {dino} damn
[15:41] {dino} too tight
[15:44] {dino} calling it a wee, thx all, good time, decent week
[15:44] {dino} lol, week

Jun 23 2011

The twists and turns of a trading day... We started with nice win, proceeded with three stops and activity died, so it looked for a while like it was going to end up as losing day. At 13:16 I formulated the strategy from then on (see the comment), and we had to wait till 15:00 for our moment. 2 quick trades for 40 and 30 cents decisively turned day into very nice profitable one. Oh, and see the discussion from 13:57 on the role of inactivity in trading (Taoist Trader course readers know this and many more applications of the Wu Wei principle).

Session Time: Thu Jun 23 00:00:00 2011
[08:51] {RonS} gm...IEA Calls "Urgent" Press Conference In Paris For 1300 GMT
[08:52] {RonS} so, what time is that?
[08:52] {nemo} 1 pm there 8 am here
[08:52] {nemo} or 7 am
[08:53] {nemo} daylight savings time always gets me screwed up
[08:54] {davd} world coming to an end this morning?
[08:57] {patience} seems so
[08:58] {Threei}  Good morning
[09:00] {patience} good morning Vad
[09:03] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 429K V 415KE; CONTINUING CLAIMS: 3.697M V 3.67ME
[09:03] {Threei}  - Prior Initial Jobless Claims revised higher from 414K to 420K
[09:03] {Threei}  - Prior Continuing Claims revised higher from 3.675M to 3.698M
[09:04] {Threei}  (GR) Sweden PM Reinfeldt: Sweden will not offer bilateral loans to Greece
[09:04] {Threei}  (GR) Germany Chancellor Merkel and French President Sarkozy to separately hold Greek crisis talks later today in Brussels at the EU Summit
[09:04] {RonS} ...only forward pass loans then?
[09:05] {Threei}  IEA calls for an urgent press conference scheduled for 13:00 GMT (09:00 ET)- Does not comment on reason for conference
[09:05] {Threei}  **Reminder: On June 22nd, the Saudis said there is no oil supply gap and warned that any release of oil from strategic reserves would be aimed at seeking to control prices. Also note that France Energy Min Besson said that new plans have been formulated for the refining industry aimed at guaranteeing supplies. On June 15th, IEA Chief Economist said monitoring whether to release strategic reserves on a daily basis.
[09:08] {Threei}  *IEA ANNOUNCES TO RELEASE OF STRATEGIC OIL INVENTORIES
[09:10] {ese} gm
[09:10] {Threei}  ese :)
[09:12] {RonS} IEA: 60 Million Barrels Will Be Released From Strategic Reserves
[09:13] {Threei}  so they go ahead with that swap?
[09:14] {RonS} dunno
[09:15] {Threei}  - Notes that release of crude stocks to bridge production gaps stemming from Libya crisis, says 132M bbls of production have been lost due to Libya disruption.
[09:15] {Threei}  - IEA believes that the impact of the supply disruption has been worse for developing economies.
[09:15] {Threei}  - 2M bpd will be available over the next month.
[09:16] {nemo} whooopie
[09:16] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:16] {ese} what was the result of the greek parliment vote on the austerity measures?  Or is that today?
[09:16] {Threei}  that was vote on govt confidence
[09:17] {ese} tks......
[09:17] {Threei}  govt survived it, not enough opposition votes
[09:17] {ese} to poor to drive or take the bus to get there?
[09:17] {Threei}  lol
[09:20] {dino} gm all
[09:20] {RonS} dino, whr -$2 pre
[09:20] {Threei}  dino :)
[09:23] {RonS} interesting...eem looking to open breaking support
[09:24] {davd} eem is ex-div so factor that into the number
[09:24] {RonS} good point and also over my head
[09:24] {RonS} :)
[09:25] {davd} consider it actally at 45.4
[09:25] {nemo} find out what the dividend is and add it to the current price to find out actually how much of the drop was as a result of the dividend payout
[09:26] {nemo} speaking of the Bernank
[09:26] {Threei}  oh, that was what I was doing wrong
[09:26] {samire} gm
[09:26] {Threei}  I was dividing the price by dividend
[09:26] {nemo} Treasury auctions could get really interesting after QEII ends
[09:26] {Threei}  samire :)
[09:27] {Threei}  or adding diviodend at the end of the price
[09:27] {RonS} lol
[09:27] {Threei}  thinking that dividend means either divide or end
[09:27] {RonS} rotflol
[09:27] {Threei}  it sure gave me very strange results
[09:27] {dino} end i believe :D
[09:27] {Threei}  :)
[09:28] {gen} gm :)
[09:28] {Threei}  gen :)
[09:28] {jfjf64} yello
[09:28] {Threei}  jf :)
[09:28] {gen} :)
[09:28] {Threei}  heck... jf, you missed out TZA play yesterday at the eod??
[09:28] {jfjf64} nice  trade  yest  in  afternoon
[09:28] {jfjf64} lol
[09:28] {Threei}  hit of the day, 60 cents run...
[09:28] {Threei}  :(
[09:28] {jfjf64} was typing
[09:28] {jfjf64} lol
[09:29] {jfjf64} grr
[09:29] {Threei}  ok...
[09:29] {Threei}  SLW short is first idea
[09:29] {Threei}  no trigger yet
[09:30] {Threei}  RIMM briken the floot before I could start typing
[09:31] {Threei} Short Setup: SLW  .85
[09:31] {Threei}  if stays under 32
[09:32] {Threei}  half out
[09:32] {dino} pretty quick -150 pts
[09:32] {Threei}  stop to .91
[09:32] {Threei}  scalpers are out
[09:33] {Threei}  1/4 more out
[09:33] {Threei}  .62
[09:33] {jfjf64} scalper
[09:33] {jfjf64} /
[09:33] {jfjf64} lol
[09:33] {jfjf64} tyty
[09:33] {Threei}  me no stinkin' scalper
[09:33] {Threei}  stop to .81
[09:34] {nemo} fccx
[09:34] {jfjf64} take  offence
[09:34] {Threei}  I take severe umbrage
[09:34] {Threei}  (nemo, quick, why no one asked... what's umbrage? what did I just take?)
[09:34] {jfjf64} i took .22 cents
[09:34] {jfjf64} lol
[09:34] {Threei}  why = while
[09:35] {nemo} oy vay
[09:35] {Threei}  RIMM
[09:35] {Threei} Short Setup: RIMM  .50 break
[09:35] {jfjf64} ??
[09:36] {Threei}  oops
[09:36] {Threei}  FCX
[09:36] {Threei}  crap
[09:36] {Threei}  too many stocks
[09:36] {Threei} Short Setup: FCX  .50 break
[09:36] {jfjf64} crap
[09:36] {Threei}  still valid
[09:36] {dino} nuva sm l .05
[09:37] {Threei}  invalidated but not off radar
[09:37] {Threei}  SLW, second short is coming soon
[09:37] {Threei}  FCX is valid again
[09:38] {jfjf64} in
[09:38] {Threei}  aggressive entry was the best
[09:38] {nemo} missed that was fast
[09:38] {Threei}  thought of .60 but it happened a bit fast
[09:41] {Threei}  no go
[09:42] {Threei}  rinse
[09:42] {Threei}  dirty scoundrel
[09:44] {dino} emr sm l .60
[09:48] {Threei} Long Setup:  X  .90 break
[09:48] {RonS} took whr .28 to .82  thanks dino for the idea yesterday
[09:49] {Threei}  if loses .80, look for another entry near .70
[09:50] {dino} gj ron
[09:51] {jfjf64} bbby
[09:52] {jfjf64} couldnt find  entry
[09:53] {RonS} oil near 90
[09:53] {samire} what is our stop on X
[09:54] {Threei}  under .80
[09:54] {Threei}  never triggered
[09:54] {jfjf64} gr bbby
[09:54] {Threei}  invalidated
[09:54] {dino} dji gap 11859
[09:55] {RonS} es fute order flow looking terrible...took -.04 emr
[09:55] {Threei}  watching for double bottom bounce from around .70 now
[09:56] {jfjf64} ??
[09:56] {jfjf64} sorry
[09:56] {jfjf64} what ya  watchin
[09:56] {samire} i had .90 stp and it triggered
[09:56] {samire} on X
[09:57] {Threei}  .90 BREAK
[09:57] {Threei}  it never broke it
[09:57] {Threei}  no single print above .90
[09:57] {RonS} out LLL s 86.35 from yest 84.00  +2.35
[09:57] {Threei}  09:48] {Threei} Long Setup: X .90 break
[09:58] {davd} x never broke .9
[09:58] {dino} scs sm l .35
[09:58] {samire} should set as .91 stp  ?
[09:58] {samire} or .90 stp
[09:58] {Threei}  samire, idea of these setups is entry on the break of resistance (or support for short)
[09:59] {Threei}  if there is no break, setup is not triggered
[09:59] {RonS} it has to break samire and then enter at your discretion
[09:59] {Threei}  you may want to take aggressive entry, before the actual break, but .90 is not the right price to do that
[09:59] {nemo} new home sales
[10:00] {Threei}  good number
[10:00] {Threei}  319 vs 310E
[10:00] {RonS} x is squirrely...i go for a pull back for instance at .88
[10:00] {Threei}  Senior White House official: first consultation on oil situation was on April 26th, IEA release was justified due to supply disruption from Libya - CNBC Liesman
[10:00] {Threei}  - Saw supply disruption as larger than that of Hurricane Katrina, the last time the oil was released
[10:03] {dino} sm l lzb .50
[10:05] {Threei} Long Setup:  FCX  .60 break
[10:07] {Threei}  sheesh X
[10:08] {jfjf64} violence
[10:09] {jfjf64} 2x4 please
[10:10] {Threei}  having gotten to bed at 1:30 am, I can't even lift
[10:11] {Threei}  2x2
[10:11] {Threei}  not speaking of 2x4
[10:11] {dino} emr to .95
[10:11] {Threei}  (GR) EU official: Discussions with bondholders will take place on an individual country basis, want to avoid risks of default through any decentralization
[10:12] {ese} nice one with emr dino
[10:13] {dino} ty, to .05
[10:14] {RonS} fcx sucks...done w/ it
[10:14] {Threei}  yeah
[10:14] {samire} stopped out
[10:14] {Threei}  3 cents to 1:1
[10:16] {dino} to .15 emr
[10:18] {ese} am kickin myself.....was going to follow you in emr dino but got distracted
[10:18] {dino} out .15, +.55 emr
[10:18] {RonS} gj
[10:18] {ese} nice
[10:18] {dino} ty
[10:20] {dino} tzoo spike
[10:24] {ese} L dnr .88
[10:25] {Threei} Short Setup: SLW  .75 break
[10:25] {Threei}  if stays under .85
[10:26] {Threei}  looks like one of those days
[10:26] {Threei}  Certain OPEC delegates respond to IEA reserve release; claim that the release is unjustifiable - financial press
[10:27] {dino} lol
[10:28] {dino} now opec tells us what to do
[10:29] {dino} scs, panl, sina, pvh,fdx,tzoo, green
[10:29] {nemo} pure politics
[10:29] {dino} meli green
[10:31] {dino} tzoo pulp both ways
[10:32] {RonS} US to release Oil from strategic reserve
[10:34] {ese} dino give me an opinion on PVX
[10:35] {jfjf64} gettin  to  some  big  levels
[10:37] {dino} opinion, don't like oils today w/these releases
[10:38] {ese} ya....tks
[10:39] {dino} apkt spike
[10:42] {ese} out DNR .85 -.03
[10:42] {Threei}  feels like one more breakdown is coming
[10:43] {dino} ba sm l .50
[10:44] {Threei}  Supplying a single gallon of gasoline in Afghanistan reportedly costs the U.S. military an average of $400, while sustaining a single U.S. soldier runs around $1 million a year (by contrast, sustaining an Afghan soldier costs about $12,000 a year).
[10:45] {RonS} ...but does that include the bribes they are paying?
[10:45] {Threei}  nope
[10:47] {RonS} es fute neg order flow lod
[10:50] {RonS} Biden Deficit Talks Hit an Impasse
[10:50] {nemo} that's a surprise
[10:50] {nemo} I'll bet it boils down to this:  Republicans-no tax increases
[10:51] {nemo} Democrats-no spending cuts
[10:53] {ese} daaaaaaaaaa i hate that.....just as your about to hit the trigger it pops up .25
[10:53] {RonS} Biden-more hair plugs
[10:53] {ese} ZAGG....daaaaaa
[10:53] {ese} just about had it at .17
[10:54] {ese} who operates this market anyway......can't they just slow dn a little......sheeesh
[10:55] {RonS} thank god for zagg...the world needs more ipad covers...
[10:56] {ese} hell ya
[10:56] {Threei}  lol
[10:56] {ese} look at flippin thing
[10:56] {ese} would have made my day
[10:57] {Threei}  wow
[10:57] {Threei}  http://www.reuters.com/article/2011/06/23/eurozone-greece-germany-idUSLDE75M06620110623
[10:57] {nemo} yeah, northern europe told them to go ____ themselves
[10:58] {nemo} unfortunately, they are quite comfortable doing that
[10:58] {RonS} lol
[10:58] {Threei}  lol
[10:59] {RonS} that guy is like the kid saying:  the emperor has no clothes
[10:59] {nemo} and the germans love to go to Greece on vacation......not anymore
[11:01] {RonS} oil recovering now 91.50
[11:06] {RonS} hmmm...rimm green
[11:09] {RonS} sina strong
[11:09] {nemo} love that spread
[11:12] {Threei}  I wonder, if I pointed a gun directly upward today, would I hit the sky?
[11:13] {nemo} what's even more scary....
[11:13] {nemo} if you fell, would you hit the ground
[11:14] {RonS} scarier still...if you belched would your wife hear it?
[11:15] {Threei}  you guys are frightening bunch
[11:15] {jfjf64} lol
[11:15] {Threei}  and I pride myself in being accepted by you as a full-pledged member
[11:18] {jfjf64} slw
[11:18] {jfjf64} hod
[11:19] {jfjf64} lol
[11:19] {Threei}  yes, and I am tempted to call long on break
[11:19] {Threei}  which probably means, you should short the living daylight out of it
[11:19] {RonS} orwell lives:  Congress Rebrands Earmarks as “Programmatic Requests”
[11:19] {ese} L MOBI .50
[11:20] {Threei}  Ron, seriously?
[11:20] {RonS} yep
[11:20] {Threei}  sheesh... newspeak in full bloom
[11:20] {Threei}  (IS) Israel govt says it is prepared to intercept a flotilla headed toward Gaza
[11:20] {Threei}  here we go again...
[11:21] {dino} out tzoo, .30, +1.00
[11:21] {Threei}  Google Inc Federal Trade Commission (FTC) nearing decision on whether to issue a subpoena over antitrust concerns - financial press citing sources
[11:21] {Threei}  - Reminder: In April reports circulated that FTC was considering investigating the company over dominance in internet services
[11:21] {Threei}  - Reminder: Yesterday reports indicated the Senate was also seeking to subpoena executives over their testimony
[11:21] {samire} gj dino
[11:21] {jfjf64} gj   dino
[11:21] {jfjf64} nice
[11:23] {dino} ty
[11:26] {jfjf64} bidu
[11:27] {jfjf64} crazy buying
[11:28] {samire} market is picking up
[11:28] {jfjf64} one  more  leg  up
[11:28] {jfjf64} bidu
[11:29] {jfjf64} will look  for  short  entry
[11:29] {jfjf64} 127
[11:30] {dino} out scs .65, +.30
[11:32] {jfjf64} .92 short
[11:32] {jfjf64} .09 stop
[11:32] {jfjf64} grrr
[11:33] {jfjf64} lol
[11:33] {jfjf64} train
[11:35] {dino} ba to .80
[11:35] {ese} man dino....your hot today....good on ya
[11:36] {dino} out ba .85, +.35
[11:37] {dino} lucky
[11:37] {Threei}  lucky indeed
[11:37] {dino} but i do enjoy a big down open
[11:37] {Threei}  with irritating consistency, no less {G}
[11:38] {ese} what kind of stocks are you looking for with that type of opening...the 2 bills dn scenario
[11:39] {dino} yes, and stocks that hold well
[11:43] {ese} me on the other hand....I just follow nemo blindly........
[11:43] {dino} hows that working out for ya?
[11:43] {nemo} pungi sticks
[11:43] {ese} not well
[11:44] {ese} lol
[11:44] {Threei}  worked fine until nemo spotted him and statred wearing heavy makeup, singlasses and hood
[11:44] {Threei}  sunglasses
[11:44] {ese} bad news boys and girls.....i'm laughing at myself
[11:44] {nemo} singlasses...mmmmmhhhh
[11:44] {ese} yuk yuk yuk
[11:45] {dino} chinese sun glasses i guess
[11:45] {Threei}  lol
[11:45] {nemo} dino?
[11:45] {dino} yes
[11:45] {nemo} where did that come from?
[11:45] {dino} singlasses
[11:46] {ese} Ray Ban classics for me......oh ya!!!!!1
[11:46] {nemo} as in "sino"?
[11:46] {nemo} Vuarnets
[11:47] {ese} use to have those.......went back.....Ray Bans and musicians......one and the same
[11:47] {dino} nuva to .20
[11:47] {dino} lzb to .44 thing doesn't move
[11:48] {ese} ya mobi .46 -.04..........get a move on for crying out loud
[11:51] {RonS} thought i would look for singlasses...did not find but check this out:  http://tinyurl.com/6yvlo59
[11:52] {ese} can retail get any dumber........dif types of bacon.....sheesh
[11:53] {RonS} cone on ese...it's a gag gift store...never got one?
[11:53] {RonS} come
[11:54] {ese} ohhhhhhhhhhh
[11:55] {ese} those are  a must have
[11:55] {dino} out nuva .20, +.15
[11:56] {RonS} lol...actually have a pair of singlasses from these guys
[11:56] {RonS} gave to my dad...he sent it back...lol
[11:57] {ese} lol
[11:57] {ese} startin to wonder about you ron
[11:58] {RonS} my fave is the "fighting nun"...hand boxing puppet in a habit...classic
[11:58] {RonS} the label says:  "she's got a habit"  "fighting for what's right"
[12:00] {dino} lol
[12:00] {ese} Moooobiiiiiiii baaaabyyyyyy! do it
[12:07] {samire} boring day
[12:08] {ese} thought this might have had enough momo to get to 8 but am having second thoughts
[12:08] {ese} daaaaaaaaaaaa
[12:09] {davd} smh / semiconductors green
[12:10] {ese} is mobi a semi dave?
[12:10] {samire} first red day for me in 2 weeks
[12:10] {nemo} satphones
[12:10] {ese} tks nemo
[12:11] {dino}  seriously sami, thats pretty good
[12:11] {samire} yes
[12:11] {davd} not sure but smh is txn intc amat brcm ....
[12:11] {dino} don't sweat a red day here and there, sh*t happens
[12:12] {ese} yup
[12:13] {dino} thats the funny thing about this job, somedays you go to work and don't get paid
[12:14] {ese} good point....never looked at it like that
[12:14] {Threei}  worse yet, sometimes you pay for the right to go to work :)
[12:15] {dino} right
[12:16] {ese} indeed.......
[12:23] {dino} have to leave early for funeral. hard stop on lzb at .44 letting it trade
[12:25] {ese} take care dino.....cya tomorrow
[12:25] {dino} thx
[13:03] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:05] {Threei}  ese, check your e-mail
[13:16] {Threei}  going to sit on my hands for a while yet, then start looking for a day-dixing trade
[13:16] {Threei}  idea is, not to try and get a few scalps, but avoid marginal trades,
[13:16] {Threei}  and look for one with the best potential
[13:16] {Threei}  that is either adds one more small stop or makes day green
[13:17] {Threei}  how's this for irony:
[13:17] {Threei}  (GR) Portugal PM: Confident in Greece's ability to emerge from the crisis
[13:17] {Threei}  (whispering to the side): because of they don't, we are next
[13:29] {samire} does any one here IB ?
[13:29] {nemo} whr...short here?
[13:30] {Threei}  doesn't look right to me nemo
[13:30] {nemo} nope
[13:30] {samire} i meant uses Interactive Brokers
[13:32] {Threei}  not entirely suitable for fast trading, samire...
[13:33] {samire} i c
[13:54] {samire} no posting......
[13:55] {Threei}  you see setups worth trying?
[13:56] {samire} i meant from other people
[13:56] {Threei}  don't apply the pressure please... when there is what to post, I will
[13:56] {Threei}  remember yesterday?
[13:56] {Threei}  long time of inactivity
[13:56] {Threei}  than 60 cents trade
[13:56] {Threei}  then
[13:56] {samire} yes
[13:57] {Threei}  here is the thing, samire
[13:57] {Threei}  in trading, skill to stay inactive is as valuable if not more, than skill to act right
[13:57] {Threei}  trading is not unlike hunting from ambush
[13:58] {Threei}  you sdit in the ditch and wait for your prey to come in the range
[13:58] {larisa} is not unlike = is like ? :)
[13:58] {Threei}  yes
[13:58] {Threei}  you don't chase the anthelope, it runs faster than you do
[13:59] {Threei}  you wait for them to walk by, pick the right one and shoot it
[13:59] {Threei}  best trades are not those that you seeked actively, turning every stone
[14:00] {Threei}  best trades are those that came to you themselves, and screamed at you from the screen "take the money!"
[14:01] {Threei}  I amtempted to say the same goes for women but larisa will kill me
[14:04] {Threei}  watching TZA for entry
[14:04] {Threei}  pullback to about 39 would be nice
[14:15] {Threei}  bounced from abuot .15
[14:16] {samire} you had the right idea
[14:19] {Threei}  oh well... still sitting in the ditch, waiting for my anthelope
[14:25] {Threei}  (US) White House: Progress was being made in Congressional/Biden debt talks; will attempt to address areas of disagreement in the issue and find a compromise
[14:25] {Threei}  - Talks between Biden and Congress may or may not continue in a different form.
[14:26] {nemo} a duel?
[14:26] {Threei}  I'd buy tickets
[14:26] {nemo} crissakes, it'll be on Youtube...everybody will be recording it with their cellphones
[14:29] {samire} Dino...how was your day ?
[14:30] {RonS} he's gone...he killed it...+$860 by my calc
[14:30] {Threei}  yeah, had a very nice day
[14:30] {Threei}  [12:23] {dino} have to leave early for funeral.
[14:32] {samire} did he win all of them
[14:34] {RonS} ...left one open so dunno...had five winners closed
[14:34] {nemo} had a hard stop on it
[14:34] {nemo} stop was .45 on lzb
[14:35] {nemo} he's in the breen
[14:35] {nemo} green
[14:47] {ese} MOOOOOOBIIIIIIIIIII!!!!!!!!!!!!!
[14:49] {ese} i'm outta there .55 +.05
[14:50] {ese} been an up day +.02
[14:50] {ese} can't argue with that
[14:51] {ese} cya tomorrow
[14:51] {RonS} cya ese
[14:51] {ese} cya ron
[14:56] {davd} greece reaches agreement...
[14:56] {davd} re pop
[14:57] {Threei}  (GR) Greek govt reaches agreement with EU and IMF on five-year austerity plan - financial press
[14:57] {Threei}  OK
[14:57] {Threei}  hunt is on
[14:58] {Threei}  this spike must be short-lived
[14:58] {davd} tza?
[14:58] {Threei}  yes sir
[14:58] {Threei}  easiest way to do it
[14:58] {davd} you call it ill do it
[15:00] {davd} wo
[15:00] {Threei} Long Setup:  TZA  .50 break
[15:00] {davd} woh!
[15:00] {Threei}  .40 now
[15:00] {nemo} no way
[15:00] {Threei}  stop under .30
[15:00] {nemo} god bless the knife catchers
[15:01] {Threei}  1:1
[15:02] {Threei}  1:2
[15:02] {Threei}  1:3
[15:02] {RonS} caught tza .38 to .58  thanks 3i
[15:02] {Threei}  1:4, out
[15:02] {Threei}  welcome ron
[15:02] {Threei}  thanks for blessing nemo
[15:02] {Threei}  and that's how it's done, samire
[15:03] {nemo} Yeah, I'd give offerings to the Trading Gods for that one
[15:03] {Threei}  back in black
[15:03] {Threei}  not much but enugh not to call it a losing day
[15:03] {nemo} o.k.  what was the logic behind THAT ONE!!!???
[15:03] {Threei}  1:5 meanwhile
[15:03] {Threei}  no logic nemo, experience and gut feel
[15:04] {Threei}  1:6
[15:04] {davd} out 1/2 tza .66
[15:04] {davd} out full .00
[15:04] {Threei}  sorry if you find the answer unsatisfactory but some things just require 15 years of doing this
[15:04] {RonS} gj
[15:05] {Threei}  it was the moment of seeing the whites of their eyes'
[15:05] {davd} yah nemo!:O
[15:05] {nemo} yep, that was art...
[15:07] {davd} spy hit s2 and then back
[15:07] {RonS} greek news really...
[15:09] {davd} wow 3i played it poyfect
[15:09] {Threei}  please, don't call me poyfect...
[15:11] {Threei}  samire... don't tell me you missed this one
[15:12] {davd} good play between two pops.
[15:14] {davd} qqq and iwm green
[15:14] {samire} snooooor
[15:15] {Threei}  next play half lot
[15:15] {Threei}  snor eh?
[15:15] {davd} oil hod re uso
[15:15] {Threei}  next time you ask for the play, I'll remember this snor :)
[15:16] {davd} uup down of course - gd bless the us dollar
[15:17] {Threei} Long Setup:  TZA  38 break
[15:17] {Threei}  half lot!
[15:18] {Threei}  stop under .90
[15:18] {Threei}  1:1
[15:20] {Threei}  1:2
[15:21] {Threei}  1:3, out
[15:21] {Threei}  learn while I am alive
[15:21] {RonS} cuaght tza .03 to .33 thanks 3i
[15:21] {Threei}  welcome sir
[15:21] {Threei}  now, who would have thought this day can turn like this, just couple hours ago?
[15:22] {RonS} uhhh, the greeks...?
[15:22] {Threei}  lol
[15:27] {davd} spy bounced off s1
[15:31] {Threei}  hmmm
[15:31] {Threei}  (GR) Greek official said to confirm deal has been reached on austerity legislation with the EU - financial press- IMF Spokesman notes the IMF has no comment on the news.
[15:31] {Threei}  if IMF denies the deal, sell your farm wife and kids and buy TZA
[15:32] {nemo} even if they don't at least sell the wife a kids
[15:32] {nemo} and
[15:32] {Threei}  lol
[15:32] {RonS} lol   you are a real piece of work...
[15:33] {RonS} a compiment in my book...
[15:33] {nemo} Aren't you glad I didn't breed
[15:33] {RonS} compliment
[15:36] {nemo} well, I don't think I did...anyway...gotta' go...c u knifecatchers 2 morow
[15:36] {Threei}  take care nemo
[15:36] {RonS} cya nemo
[15:45] {samire} Thanks Vad for a great day
[15:45] {Threei}  good to hear you benefited samire
[15:46] {Threei}  was afraid you'd miss these two
[15:46] {Threei}  Ok guys, I amnot going to push my luck anymore... I really need more than 3-4 hours of sleep to perform
[15:46] {Threei}  not 25 anymore
[15:47] {Threei}  thank you all, have a good evening
[15:47] {Threei}  see you tomorrow
[15:48] {larisa} bye :)