Jul 19 2011

Clone of yesterday - profitable morning, boring afternoon.

Session Time: Tue Jul 19 00:00:01 2011
[08:33] {nemo} JUST TELL DINO TO GO BACK TO BED
[08:34] {Threei}  oh boy... why did you wake me up
[08:35] {nemo} To tell you to go back to sleep
[08:35] {Threei}  great
[09:02] {Threei}  (GR) French Bank Group official: IIF has the means to extend Greek debt
[09:02] {Threei}  lol
[09:03] {Threei}  dino, nemo told me to tell you to go home
[09:03] {ese} morning....back from long weekend
[09:03] {Threei}  actually he screamed at me
[09:03] {Threei}  ese :)
[09:05] {dino} gm, most likely right
[09:05] {nemo} you let him come all the way to work without telling him?
[09:05] {nemo} He could have sat home and drank all day
[09:08] {Threei}  and what fun would there be in that for us?
[09:08] {Threei}  you don't let a patient sleep - you wake him up to tell him that he forgot to take his sleep aid pills
[09:15] {dino} lol nemo, i just go down stairs to basement, the commute is great
[09:15] {dino} plus i can shoot pool if nothing going on
[09:16] {ese} ya my commute the same
[09:16] {Threei}  you just spoiled his entire day dino
[09:16] {dino} and i never mentioned the six seat wet bar
[09:17] {dino} ron, hog
[09:17] {dino} idcc
[09:17] {ese} now thats the ticket
[09:17] {Threei}  and my commute beats both of you - I remain at the same level, no steps to navigate {G}
[09:17] {ese} I can attest to that commute
[09:24] {patience} good morning
[09:24] {_bobbyo} gm
[09:24] {Threei}  patience, bobbyo :)
[09:26] {Threei}  SLW is interestingly weak
[09:27] {Threei}  overall, going to be on a cautious side this morning, big gap up days are rarely good performers for us
[09:31] {Threei} Short Setup: SLW  .70 break
[09:32] {Threei}  stop above .80
[09:32] {Threei}  1:1
[09:32] {Threei}  1:2
[09:33] {Threei}  out in full
[09:33] {jfjf64} mornin
[09:33] {Threei}  jf :)
[09:35] {Threei} Long Setup:  FCX  .80 break
[09:35] {nemo} too fast
[09:35] {Threei}  1:1...
[09:35] {Threei}  yeah
[09:35] {jfjf64} think
[09:35] {Threei}  second chance is coming
[09:35] {Threei}  in
[09:36] {samire} great    thanx
[09:36] {Threei}  stop under .75
[09:36] {Threei}  missed first SLW short samire...
[09:38] {nemo} fcx could be short if it drops support
[09:39] {Threei}  FCX target 56.10 or so
[09:39] {Threei}  1:1 again
[09:39] {Threei}  actually with new stop even more, but let's not be so formal
[09:39] {jfjf64} lets not
[09:39] {Threei}  lol
[09:39] {jfjf64} didnt tk it
[09:39] {nemo} makes me think of vad in a tux
[09:40] {jfjf64} lol
[09:40] {Threei}  I don't know why you wouldn't jf... clean trade
[09:40] {Threei}  and if takes .90, will be very nice one
[09:41] {Threei} Long Setup:  SLW  .20 break
[09:41] {Threei}  if holding .10
[09:41] {Threei}  if loses it, becomes long with .10 recross
[09:41] {Threei}  if holding 39
[09:42] {Threei}  balance stop to .79 FCX
[09:43] {nemo} lvs
[09:44] {Threei}  no go SLW
[09:45] {Threei}  (IR) Ireland PM Kenny: European debt problems are systemic
[09:45] {Threei}  you don't say
[09:46] {Threei} Short Setup: RIMM  .60 break
[09:46] {Threei}  stop is above .70 of course
[09:46] {nemo} slw again
[09:46] {Threei}  1:1
[09:46] {nemo} there was huge seller at .00
[09:48] {Threei}  IR) Ireland PM Kenny: Anglo Irish is now a dead bank- Reminder: Anglo Irish was nationalized in 2009
[09:48] {nemo} 1/2 .10
[09:48] {Threei}  Victoria woman takes on a challenge to hug a stranger per day for a year.
[09:49] {nemo} send her to the Bronx
[09:50] {RonS} ...does that mean she will only hug fat people/
[09:50] {RonS} ?
[09:51] {nemo} mmhhh..want to buy more if moves strongly above .25
[09:51] {Threei} Long Setup:  SLV  .10 break
[09:51] {RonS} sorry i thought it read "huge challenge"...
[09:51] {RonS} i think i need glasses...
[09:53] {Threei}  stop is obvious, target is 1:2, 2 partials
[09:55] {nemo} LVS
[09:55] {Threei}  let's trail SLV to .04
[09:56] {Threei}  this long tail gives us a good reason to do so, tightening erisk
[09:59] {Threei} Long Setup:  LVS  .60 break
[10:00] {nemo} oh well
[10:00] {Threei}  yeah
[10:00] {Threei}  lol
[10:00] {Threei}  1;1
[10:00] {nemo} .51 was pivot
[10:00] {Threei}  SLV 1:1
[10:00] {Threei}  out
[10:00] {nemo} HOG
[10:01] {Threei}  ummm... come on nemo... no need to use insults
[10:01] {nemo} they're in conference call
[10:01] {nemo} tuxedo man
[10:01] {Threei}  with PIG?
[10:02] {Threei}  LVS 1:2... grr
[10:02] {Threei}  I mean 1:3
[10:04] {dino} athn spike
[10:04] {samire} gj today
[10:05] {Threei}  for a gap up day, not bad...
[10:05] {dino} unh drop
[10:07] {jfjf64} wynn
[10:09] {dino} unh sm l .02
[10:10] {Threei}  SLV 1:2, target hit
[10:12] {Threei}  anyone took it??
[10:12] {dino} unh to .35
[10:13] {samire} great call dino......i took it
[10:13] {dino} to .47
[10:13] {samire} .05
[10:14] {ese} unh is a nice one dino
[10:14] {dino} to .65
[10:15] {dino} out .65, +.63 ty ese
[10:15] {nemo} .75 is vwap
[10:15] {dino} to tight
[10:18] {dino} gj sami
[10:19] {nemo} LVS
[10:22] {jfjf64} wfc
[10:22] {jfjf64} runnin
[10:22] {samire} dino ...what did u mean 50 65
[10:23] {samire} to 65
[10:25] {dino} stop to .65
[10:26] {dino} was trailing it
[10:27] {samire} i c
[10:30] {dino} icui
[10:31] {dino} sm l .05 gappy
[10:33] {dino} redf drop
[10:35] {dino} gap 12.57
[10:36] {nemo} stt
[10:39] {dino} avy lod
[10:40] {dino} unh drop
[10:41] {nemo} wbmd dino
[10:42] {ese} patience...dcc when you got a couple of minutes
[10:42] {dino} watching
[10:43] {nemo} at vwap
[10:44] {ese} any of you trade forex at all.......
[10:44] {dino} not i
[10:44] {Threei}  that's a bag of worms
[10:44] {ese} how so vad?
[10:45] {ese} have never really looked into it
[10:45] {Threei}  I have, many times over last few years,
[10:45] {Threei}  every time returned with the same impression
[10:45] {Threei}  can't believe it's legal
[10:45] {ese} lol
[10:46] {Threei}  bucket shops in equity market were banned during Livermore times
[10:46] {Threei}  somehow it's still OK in Forex
[10:46] {Threei}  how do you think they give you commission-free tradiong?
[10:47] {ese} was thinking yesterday that because it trades 24hrs ...could get some trading done on days when i can't be with you all on the board.....like yesterday....got home at 5 ish
[10:48] {Threei}  realize that in Forex you don't deal with marketplace
[10:48] {Threei}  you deal with your own broker
[10:48] {dino} inventory
[10:48] {Threei}  who gives you commission-free executions by giving you prices infewrior to market prices
[10:48] {Threei}  then turning around and covering his position in marketplace
[10:49] {Threei}  example to make it clear:
[10:49] {Threei}  in stock market, stock trades 10 x 10.05. you can buy at the offer and sell at the biod, and maybe get price improvement
[10:50] {Threei}  in Forex, pair trades at 10 x 10.05, you can buy at 10.10 or sell at 9.90
[10:50] {Threei}  you buy from your broker and sell to him,
[10:50] {Threei}  you bought at 10.10 from him - he is short now at that p[rice,
[10:50] {Threei}  he turns around and covers at 10.05 in the amrket
[10:51] {Threei}  you got your "comission-free" tarde,
[10:51] {Threei}  he got his riskless money
[10:51] {Threei}  now imagine how much market needs to move to make you profitabl
[10:51] {Threei}  don't forget that the same thing will happen when you sell
[10:51] {ese} hmmmmmmm not sure i like that
[10:52] {Threei}  how else would they stay in business with no commissions, and why would they even do that, out of goodness of their heart?
[10:55] {samire} testing internet
[10:55] {Threei}  forex: http://www.realitytrader.com/vad/canoworms.jpg
[10:56] {Threei}  (US) Senator Kyl (R-AZ): Expects the Senate will approve the McConnell debt ceiling plan; could not say whether the House would approve the plan
[10:56] {_bobbyo} vad is there a decent market to trade after hours?
[10:57] {_bobbyo} I mean 3I sorry
[10:58] {dino} normal markets imo
[10:58] {Threei}  not unless you are willing to tarde foreign markets
[10:59] {Threei}  and they are whole different animal, vs US-based ones
[10:59] {larisa} tarde fernch mraket? :)
[10:59] {Threei}  sigh
[10:59] {Threei}  lol
[11:00] {Threei}  not that I looked into that extensively though - market hours are quite enough for me, why rob yourself of the rest of life :)
[11:00] {nemo} Ghana
[11:01] {Threei}  oh, and one more fun fact
[11:01] {Threei}  every time I pst something like this about Forex, I get hate mail from Forex brokers
[11:05] {_bobbyo} fcx  db?
[11:06] {Threei}  looks more like breakdown to me
[11:06] {Threei}  but market activity is not warranting either right now
[11:07] {_bobbyo} not much mo either direction
[11:07] {Threei}  yeah, meaningless wandering
[11:08] {Threei}  kind of what we do with nemo after eliminating third bottle of vodka but before we get food poisoning by oatmeal cookie
[11:14] {_bobbyo} s wbmd
[11:15] {dino}  mvo gap fill
[11:16] {RonS} ua pop
[11:17] {Threei} Short Setup: X  .50 break
[11:17] {Threei}  just a scalp most likely, maybe even before reaches 1;1
[11:17] {RonS} wow, cannot short ua...
[11:18] {dino} spiking on nfl news imo
[11:18] {RonS} deal done/
[11:18] {RonS} ?
[11:19] {dino} alomost
[11:19] {dino} almost
[11:19] {RonS} ko
[11:19] {RonS} ok
[11:19] {dino} lol
[11:21] {Threei}  hmmm... I tried to respond in kind by typing LOL in opposite direction, and failed...
[11:21] {Threei}  darn word won't type backwards :(
[11:26] {samire} green day so far
[11:27] {dino} www sm l .75
[11:34] {samire} good job today dino
[11:35] {dino} ty
[11:35] {samire} watch COP
[11:36] {RonS} on tv?...sorry, i guess that is cops...
[11:36] {Threei}  feel free to cover X here
[11:37] {Threei}  (GR) IMF: EFSF needs to be scaled up and made more flexible, needs to be allowed to buy debt in the secondary market
[11:37] {Threei}  - Euro zone needs better economic governance, member states need to give up more sovereignty
[11:37] {Threei}  - IMF forecasts 2011 euro area GDP growth +2%, 2012 +1.7%
[11:37] {Threei}  member states need to give up more sovereignty
[11:38] {Threei}  as old russian saying goes, "put a finger in his mought, he will bite the arm to elbow"
[11:38] {Threei}  mouth
[11:39] {RonS} ...that is one high quality saying.
[11:40] {Threei}  wow X
[11:40] {Threei}  coming into 1:2
[11:40] {Threei}  but whatever, no one takes my trades anyway today
[11:40] {Threei}  I am going home
[11:48] {larisa} left or still here ?
[11:48] {Threei}  left of course
[11:48] {dino} right
[11:48] {larisa} come back, so can ignore you some more :)
[11:49] {larisa} could.. damn grammar
[11:49] {Threei}  as if I don't take enough abuse
[11:52] {samire} u do not deserve abuse
[11:55] {samire} any opinion on COP  ?
[11:57] {samire} is  Vad snoring again
[11:57] {Threei}  again? have I ever stopped?
[11:57] {samire} day time
[12:09] {Threei}  samire, look pm please
[12:10] {_bobbyo} stop wbmd
[12:30] {Threei}  http://edition.cnn.com/2011/WORLD/europe/07/19/russia.putin.support.video/
[12:31] {dino} another zzzzzzzzzzzzzzzz afternoon
[12:46] {dino} gsvc drop
[12:47] {RonS} gsvc...stock has been pimped on other sites citing facebook position...careful here
[12:51] {dino} ty
[12:52] {Threei}  (US) Moody's places Aaa ratings of Maryland, NewMexico, South Carolina, Tennessee, Virginia on review for downgrade
[12:52] {Threei}  - Should the U.S. government's rating be downgraded to Aa1 or lower, these five states' ratings would likely be downgraded as well. Moody's will review the ratings of the five states on a case-by-case basis and announce any rating actions within seven to ten days following a sovereign action
[12:53] {RonS} rating agencies = buzz kill
[12:59] {ese} lol
[13:02] {dino} mvo
[13:02] {dino} lod
[13:18] {dino}  gpro drop
[13:20] {patience} .
[13:21] {_bobbyo} too much coffee to sleep suggestions?
[13:25] {dino} gpro smr l .75
[13:28] {RonS} dino, gsvc dropped on announcement of new $100 mil share offering
[13:31] {dino} saw that
[13:31] {Threei}  hmm... brand switch, bobbyo?
[13:32] {dino} out gpro .25, +.50
[13:33] {RonS} gj
[13:33] {dino} damn missed mvo
[13:34] {dino} www to flat
[13:35] {dino} brb
[13:38] {_bobbyo} folgers?
[13:39] {Threei}  should do... especially if add some whiskey...
[13:43] {_bobbyo} market moving, news?
[13:44] {dino} out www .05 +.30
[13:45] {Threei}  president speech, bobbyo
[13:45] {Threei}  (US) US President Obama: Progress has been made; Republican's 'cut cap and balance' plan will not make it through the Senate or through the President veto; Gang of Six deal is broadly in line with presidential proposals earlier suggested
[13:45] {Threei}  - Encouraged by the Gang of Six proposals, and feels the plan is broadly consistent with the White House's stance.
[13:45] {Threei}  - Hopeful that House Democrats and House Republicans can tommorow 'talk turkey' on the deal.
[13:45] {Threei}  - Notes the Mcconnell plan achieves a bare minimum and remains a necessary backup plan.
[13:45] {Threei}  - Comments that there is no more time for posturing or symbolic gestures.
[13:46] {_bobbyo} strang reason to buy stock
[13:47] {Threei}  well... less fear, more buying
[13:48] {dino} or buy the rumor, sell the news
[13:58] {_bobbyo} slw does not like Obama.
[14:02] {dino} stop icui /68, -.37
[14:03] {dino} gotta hop, take care all
[14:03] {Threei}  hmmm
[14:03] {Threei}  why oh why would you leave us alone
[14:03] {Threei}  look dino:
[14:03] {Threei}  (IT) Italy PM Berlusconi now under official investigation over allegations there he placed pressure on state television to shut down a news show - world press
[14:03] {Threei}  and you leave at such uncertain and worrisome times?
[14:21] {Threei}  http://photography.realitytrader.com/2011/07/fog-in-sidney.html
[14:21] {nemo} tck
[14:22] {_bobbyo} nice pics
[14:22] {Threei}  ty
[14:26] {nemo} GDX might be ready to move
[14:27] {Threei}  you think/
[14:27] {Threei}  gold and silver dropped on this debt ceiling thing
[14:32] {_bobbyo} gdx move up or down?
[14:33] {nemo} chart formation looks long
[14:33] {nemo} tck has moved long
[14:33] {Threei}  I am not delighted...
[14:34] {_bobbyo} 3i news related moves and setups is there a policy?
[14:35] {nemo} each one is unique
[14:35] {Threei}  case by case, yeah
[14:36] {nemo} ie: we nuke China with no retaliation, short oil
[14:37] {Threei}  but if China nukes SA, long oil
[14:37] {nemo} yeah
[14:37] {nemo} and bananas
[14:37] {_bobbyo} good one,
[14:37] {Threei}  nemo's bananas
[14:39] {nemo} MOS GDX
[14:39] {_bobbyo} good one's; today if slw puts in db at 38.20 is it a set up. or is volume gone.
[14:40] {larisa} actually it made this setup at 14:05
[14:43] {larisa} no enthusiasm bounce too, kinda like vad in the afternoon :)
[14:45] {_bobbyo} did you take that trade larisa
[14:46] {Threei}  I have plenty of enthusiasm larisa... I just hide it very well
[14:46] {larisa} nope, but was watching it at the time.
[14:47] {Threei}  GDX worked
[14:53] {nemo} duh... so didn't tck
[14:53] {nemo} look at POT
[14:56] {_bobbyo} looking at it is cool but I prefer to smoke it. I know old joke
[15:04] {Threei}  so far, the whole charade feels like slow climb into announcement of deal being made, and a drop after that
[15:05] {nemo} nah...earnings will be good this quarter
[15:06] {RonS} "...but we will always have Greece..."
[15:06] {Threei}  Generic Republican Candidate 47%, Obama 41%
[15:06] {Threei}  how Republican s wisg tghey could run "generic candidate"...
[15:06] {RonS} Generic for Prez!...
[15:06] {Threei}  wish
[15:07] {RonS} ...must be Greek...
[15:07] {nemo} pot went while I wasn't looking
[15:09] {Threei}  Austria (AP)  The city of Klagenfurt has jstripped Adolf Hitler of honorary citizenship
[15:09] {Threei}  about time, eh?
[15:09] {RonS} ...guess it's the home of Rip van Winkle...
[15:09] {Threei}  AAPL
[15:10] {Threei}  AAPL Some board members said to be evaluating succession plans for CEO Jobs - financial press
[15:10] {RonS} shocking...the guy's only been sick for what?...three years?
[15:11] {Threei}  and vultures are circling
[15:26] {Threei} Long Setup:  TZA  .25 break
[15:27] {Threei}  if stays above .15 for scalpers, .10 for day traders
[15:28] {Threei}  (EU) France Pres Sarkozy to meet with German Chancellor Merkel on Wednesday ahead of the EU summit
[15:28] {Threei}  apparently Berlusconi troubles didn't teach him anything
06[15:34] * Threei hits the SPY over the head with 2x4
[15:39] {Threei}  AAPL earnings afer close
[15:51] {_bobbyo} where is the profit taking?
[15:52] {Threei}  none of that seems to be around
[15:52] {nemo} end of week
[15:52] {Threei}  time's running out, feel free to scratch TZA
[15:54] {nemo} spy likely to run here to R3
[15:55] {_bobbyo} greedy people. ty
[15:55] {Threei}  out TZA +3, yes, you rfead that right, whole three cents
[15:56] {nemo} covered transaction costs
[15:56] {Threei}  I should be careful not to spend it all at once
[15:56] {Threei}  lest I cause inflation
[15:56] {Threei}  thank you all, have a great evening
[15:56] {Threei}  see you tomorrow
[15:57] {larisa} bye :)

Jul 18 2011

Another typical summer day - profitable but extremely boring other than first couple hours.

Session Time: Mon Jul 18 00:00:00 2011
[09:08] {dino} gm all\
[09:08] {Threei}  dino :)
[09:13] {Threei}  (US) Moody's comments on US: Speculative grade liquidity continues to remain healthy despite economic risks
[09:13] {Threei}  - According to data from July Speculative-Grade Liquidity (SGL) Monitor, corporate America appears to have the capacity to manage near-term hurdles
[09:13] {Threei}  - The large amount of debt coming due in three to five years is also causing caution among speculative-grade companies, though refinancing activity has slowed in the last few months as issuers look for calmer credit markets.
[09:13] {Threei}  - Companies have been stockpiling liquidity
[09:13] {Threei}  PIMCO's El Erian: European debt crisis is getting worse; European leaders are still behind the crisis and need to get in front of it
[09:14] {Threei}  lol, the only way to get in front of it is to dissolve EU
[09:14] {dino} or let it default
[09:19] {Threei}  Euro vs US Dollar Egan-Jones's John Egan: Swap lines between the Fed and ECB mean that the Fed will be the lender of last resort for Europe; calls for a Brady bond solution to the European debt crisis
[09:19] {Threei}  - Believes that eventually all of the PIIGS nations will default on their loans.
[09:19] {Threei}  ***Please note that Egan made very similar comments in Barrons over the weekend.
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:21] {Threei}  (US) US Treasury Sec Geithner: Reiterates that the debt ceiling will be raised; notes that he will keep his position for the "forseeable future" - CNBC
[09:21] {Threei}  - Does not believe assertions from US banks that they are not lending because of the regulations included in Dodd Frank Act.
[09:21] {Threei}  - Does not want the US economy vulnerable to crisis
[09:21] {Threei}  - EU needs to act forcefully to avoid contagion
[09:24] {RonS} gm...apparently since he has said this six times in the past threee weeks, noone is listening to him
[09:24] {Threei}  ron :)
[09:25] {Threei}  note the SLW strength in red market
[09:26] {dino} wbmd
[09:27] {Threei}  WebMD Health Corp Cl A Guides Q2 cont ops $0.23 v $0.22e, R$141M v $143Me; cuts FY11 Rev to $580-600M v $631Me (from $610-640M on April 5th)
[09:27] {Threei}  - Guides Q3 Revenues $135-140M v $158Me
[09:27] {Threei}  this is haircur at the neck level, eh
[09:27] {Threei}  rimm
[09:28] {Threei}  keeping it as short candidate when first opening volatility exhausts itself
[09:28] {Threei}  SLW is a short candidate too, but rather in the bounce
[09:29] {Threei}  ideally, somewhere aroung .85-.90
[09:30] {Threei}  need couple minutes of consolidation, opening spikes are often brutal lately if you get caught on the wrong side
[09:30] {Threei}  wow, folks are sleeping late this morning
[09:31] {Threei} Short Setup: RIMM  .25 break if stays under .35
[09:33] {Threei} Short Setup: SLW  .85 break if stays under .95
[09:34] {Threei}  both invalidated
[09:34] {Threei}  looking for new triggers, same direction
[09:34] {Threei}  RIMM, .30 break new trigger if stays under .40
[09:35] {jfjf64} mornin
[09:35] {Threei}  SLW .85 brweak again
[09:35] {Threei}  same setup
[09:35] {Threei}  morn jf
[09:39] {Threei} Short Setup: FCX  .80 break
[09:39] {Threei}  if stays under .95
[09:40] {samire} in
[09:40] {Threei}  target .45, 3 partials
[09:42] {Threei}  roll over FCX, clean double top
[09:42] {Threei}  ugh, SLW got away
[09:43] {Threei}  40 break was the best entry but happened too fast for a call
[09:45] {Threei}  long hesitation, FCX
[09:45] {nemo} held strong in market drop
[09:46] {Threei}  well, rejection off resistance was quite decisive
[09:46] {Threei}  needs little market help now
[09:47] {Threei}  changing target to about .30 - .35
[09:47] {Threei}  if finally works afer such long pause, should be capable of more
[09:47] {Threei}  stop is the same
[09:49] {Threei}  market looks ready for a drop
[09:51] {Threei}  first partial under .70
[09:54] {dino} yum sm l .20
[09:55] {Threei}  looks like SYP needs to lose 130.80 for shorts to start really workinh
[09:55] {Threei}  SPY
[09:55] {Threei}  let's trail FCX to .91
[09:55] {Threei}  tightening risk a bit
[09:55] {samire} ok
[09:56] {Threei}  fiiiiinally FCX... took your sweet time, eh
[09:56] {Threei}  half out
[09:56] {Threei}  stop to .86
[09:56] {jfjf64} good  tape  reading
[09:56] {jfjf64} lol
[09:57] {Threei}  next partial under .50
[09:57] {nemo} rimm dying
[09:57] {Threei}  out 1/4 more
[09:57] {Threei}  .49
[09:57] {Threei}  stop to .81
[09:57] {dino} gj
[09:58] {Threei}  and will start trailing more aggressively soon
[09:58] {Threei}  ty
[09:59] {Threei}  both RIMM and SLW got way... but heck, gotta pick your battles
[09:59] {Threei}  FCX shwed clear topping action, those two were less clear
[10:00] {Threei}  *(US) JULY NAHB HOUSING MARKET INDEX: 15 V 14E
[10:00] {larisa} .95 prints were scary, clear that -it would explode. did not get scared ?
[10:01] {Threei}  if I had, would I ever admit it?? :)
[10:01] {larisa} this is not the point.. stop at .15 cents and dangerous level.. just trying to understans :)
[10:01] {Threei}  out last portion
[10:02] {Threei}  well, point is - that's resistance... until it's broken, trade is valid
[10:02] {Threei}  the rest is emotions
[10:02] {Threei}  they exist but they shouldn't influece actions
[10:02] {larisa} and you hiding those :)
[10:02] {Threei}  but of course - that's what we men do
[10:03] {Threei}  we don't dance and we don't show emotions
[10:03] {larisa} gj then :)
[10:03] {Threei}  lol
[10:04] {_shogun25} could FCX have a re entry ?
[10:04] {_shogun25} short ?
[10:04] {Threei}  if forms a setup, sure
[10:04] {Threei}  watching it but none is present yet
[10:05] {Threei}  SLW, .50 break was a valid short entry if wouldn't break it on such a long vertical bar
[10:05] {Threei}  watchif it reconsolidates for a .50 - .60 range and another break
[10:05] {Threei}  no, not a clean setup... ugh
[10:06] {Threei}  sharp market drop... no news
[10:07] {_shogun25} SLW came in pretty heard
[10:07] {_shogun25} down hard
[10:07] {Threei}  yeah, robbed us of entries couple time already
[10:08] {Threei}  FCX just started forming nice setup with .75 trigger too, then this market drop kille dit before it established the range enough for the call
[10:08] {_shogun25} are moving averages considered when making a decision for entry eg: support resistance ?
[10:08] {Threei}  as one of factors, yes
[10:09] {nemo} don't tell him about the chicken entrails
[10:09] {Threei}  or teal leaves and dart boards
[10:09] {Threei}  those are our secret weapon
[10:09] {dino} coin toss
[10:10] {nemo} SPY at S2, below this .94 then you have a gap below that
[10:10] {Threei}  aww dino... that one we don't even mention, to preserve its integrity
[10:10] {dino} lol
[10:10] {Threei} Short Setup: SLW  .50 break
[10:10] {Threei}  if stays under .60
[10:11] {_shogun25} good bye spy
[10:11] {Threei}  hmmm... let's trail it to .56
[10:12] {Threei}  risk of double bottom here
[10:12] {Threei}  out
[10:13] {Threei}  (US) Fitch: Expecting an agreement will be reached in Congress to raise the debt ceiling; if no agreement reached, will place US rating on watch negative
[10:13] {samire} down slw
[10:15] {Threei}  wow WBMD
[10:16] {Threei} Short Setup: SQQQ  .35 break
[10:16] {nemo} you want to short the short?
[10:16] {Threei}  you mind?
[10:17] {Threei}  not available
[10:17] {nemo} no, just a bit confusing
[10:17] {nemo} do quld
[10:17] {nemo} qld
[10:17] {nemo} long
[10:17] {Threei}  that's not exactly the same
[10:18] {Threei}  but never mind, I don't think it's available for short anyway
[10:18] {nemo} no, take it long
[10:18] {Threei}  that's not the same risk/volartility wise
[10:20] {Threei} Long Setup:  SLW  .60 break
[10:20] {Threei}  if stays above .50
[10:20] {Threei}  invalidated
[10:20] {Threei}  switching to double bottom hunt
[10:21] {jfjf64} like
[10:21] {Threei}  if dives under .40, consolidates for a min or two
[10:21] {Threei}  holds .30, then breaks .40 as a long trigger
[10:22] {Threei}  looks like market is ready for a bounce
[10:22] {Threei}  nothinbg major, but some long plays are in order
[10:23] {dino} wbmd smr l .90
[10:23] {samire} is slw still valid  ?
[10:23] {Threei}  nah
[10:24] {Threei} Long Setup:  RIMM  .60 break if holding .50
[10:25] {Threei}  target .90 - .95
[10:26] {Threei}  3 partials, standard routine
[10:27] {nemo} NOC
[10:27] {Threei}  1:1
[10:29] {_shogun25} where is your stop for rimm
[10:29] {Threei}  standard routine is:
[10:29] {Threei}  partial out at 1:1, trail stop to under b/e
[10:30] {Threei}  please read the little blurb How Trading Room Operates
[10:30] {Threei}  http://www.realitytrader.com/tradingroom/
[10:30] {Threei}  out balance
[10:30] {jfjf64} ty
[10:33] {samire} shorting day
[10:33] {samire} so far
[10:34] {Threei}  certainly
[10:35] {samire} JDSU for a bounce   ?
[10:35] {Threei}  doesn't look inspiring to me
[10:35] {samire} thanx
[10:35] {RonS} rimm lod
[10:36] {Threei}  about as attractive as dead crow on the roadside
[10:36] {Threei}  those with vivid imagination will have to forgive me for the visual
[10:38] {Threei} Long Setup:  LVS  .65 break
[10:38] {RonS} dino, watching hogs?...down on report chinese govt to release pork reserves to combat 57% jump in pork prices yoy...
[10:39] {Threei}  if holding .55
[10:41] {Threei}  let's modify it
[10:41] {Threei}  .60 break trigger if holding .50
[10:41] {Threei}  a bit aggressive
[10:41] {nemo} rimm
[10:41] {Threei}  but market seems to warrant it'
[10:41] {nemo} two way
[10:41] {dino} thx ron, will look
[10:42] {samire} agree about thr market
[10:42] {Threei}  bounce timne
[10:43] {nemo} what a chopfest today
[10:43] {Threei}  yeah, plenty of invalidations
[10:44] {Threei}  but most of what triggers, works
[10:44] {Threei}  break of .65 should launch LVS
[10:45] {nemo} could be a bear flag too
[10:45] {jfjf64} comon
[10:45] {jfjf64} lvs
[10:45] {dino} wbmd to .60
[10:46] {Threei}  nice one dino
[10:46] {Threei}  LDK halted
[10:46] {Threei}  news pending
[10:46] {dino} ty to .70
[10:46] {Threei}  this think should have been a bankrupt long ago
[10:46] {Threei}  thing
[10:47] {Threei}  come on already LVS, .90 waits for you
[10:47] {samire} most likely bad news 4 LDK
[10:48] {Threei}  my feeling too
[10:48] {dino} out wbmd .70, +.80
[10:48] {Threei}  wtg
06[10:48] * Threei kicks LVS in the rear
[10:49] {dino} ty
[10:49] {Threei}  hmmm... did I mix up rear and front?
[10:50] {Threei}  if it survives this market drop, should be a good one
[10:52] {Threei}  have you taken RIMM, nemo?
[10:53] {Threei}  no go LVS
[10:53] {Threei}  SPY lose support
[10:54] {Threei}  lost
[10:54] {nemo} nope
[10:54] {RonS} unusual low volume down day...meaning down days have been high volume days recently...
[10:55] {Threei}  true
[10:55] {_shogun25} good bye spy
[10:56] {RonS} big es, dow, nq buying in futes here
[11:00] {Threei}  LDK Solar Co LTD ADR Chriaman of audit committee Louis Tung-jung Hsieh resigns
[11:01] {Threei}  the most stupid call you could possibly think up:
[11:01] {Threei}  WebMD Health Corp Cl A UPDATE: CitiGroup Cuts WBMD to Hold from Buy
[11:01] {dino} value added
[11:01] {Threei}  meaning if you have it - hold it, if you don't - don't buy it?
[11:02] {RonS} dino, i guess better than the gs upgrade friday, eh?
[11:03] {Threei}  on WBMD?
[11:03] {dino} nav sm l .50 stop od
[11:03] {RonS} ese must have been frogging last night...
[11:03] {Threei}  lol... GS loses its Midas touch or what
[11:04] {RonS} ...he always is saying he was out at a gig...
[11:04] {nemo} SPY hit S3 and bounced
[11:04] {Threei}  not really clear here, SPY
[11:05] {nemo} clear as mud, has gap support below .84
[11:05] {Threei}  if it tries to form a bounce, it's exactly the same formation that failed a short while ago
[11:05] {Threei}  but if it finally succeed, I'd go for RIMM long
[11:06] {Threei}  notice how RIMM didn't make new low while SOY did
[11:06] {Threei}  SPY
[11:06] {Threei} Long Setup:  RIMM  .60 break
[11:06] {Threei}  if stays above .50, but this is so obvious that I shouldn't have insulted your intelligence
[11:11] {nemo} tzoo 60% short interest
[11:12] {samire} REALITY TAKING RIMMLONG ABOVE .60
[11:12] {larisa} how nice :)
[11:12] {nemo} frickin' mos
[11:12] {samire} I LIKE THAT
[11:12] {samire} REAL
[11:12] {larisa} you posting trades to another room ?
[11:13] {nemo} ?
[11:13] {_shogun25} whats RIMMs target ?
[11:14] {Threei}  not really clear yet, let's let it trigger and evaluate on the go
[11:15] {Threei}  samire...please no broadcasting the calls, OK?
[11:15] {samire} YES
[11:16] {jfjf64} busted
[11:16] {jfjf64} dont  get  the  russian  MAD
[11:17] {_shogun25} rimm testing the 20SMA
[11:17] {Threei}  http://www.realitytrader.com/vad/CrazyRussian.bmp
[11:17] {Threei}  (US) Fed's Lockhart: Reiterates Fed is on 'wait and see' mode with regards to decisions on stimulus - TV interview
[11:17] {Threei}  - Reiterates there is a 'very high bar' with regards to stimulus (Note: Lockhart first commented in March about a "high bar" for QE3).
[11:17] {_shogun25} this is my first time in here is Vad in here today ?}
[11:18] {Threei}  ummm
[11:18] {Threei}  I am very tempted to say no
[11:18] {_shogun25} Lol are you Vad
[11:18] {Threei}  but my built-in love for the truth makes me admit, I am he
[11:18] {Threei}  him?
[11:19] {_shogun25} i found your web site last night
[11:19] {nemo} "I am he" is correct
[11:19] {_shogun25} pretty good stuff great story
[11:19] {Threei}  I have a website??
[11:19] {Threei}  ty
[11:19] {nemo} "To be" is an intransitive verb, thus it does not take a direct object
[11:19] {Threei}  oh boy nemo...
[11:20] {_shogun25} haha isnt it all just a mind state
[11:20] {Threei}  please no words longer than 2 syllables
[11:20] {nemo} so "dumbass" is o.k.?
[11:20] {RonS} lol
[11:21] {Threei}  only if ladies don't mind
[11:21] {nemo} makes them think of their husbands
[11:21] {RonS} rotflol
[11:21] {Threei}  SPY tries to form that reversal
[11:23] {Threei}  we need it to hold 130, break .15 - .20 area
[11:23] {Threei}  and longs will rule for the next 30 min
[11:24] {samire} RIMM CLOSE
[11:24] {Threei}  go easy on caps please, samire
[11:25] {samire} ok
[11:26] {Threei}  I still have no clear read on target but let's do partial at 1:1, then see how it goes
[11:26] {Threei}  so far so good SPY
[11:26] {Threei}  clean bottoming formation
[11:26] {_shogun25} nice lift
[11:27] {nemo} spy likely to move to resistance, vwap dropping into that area
[11:27] {Threei}  word of wisdom from high above:
[11:27] {Threei}  Fed's Bernanke: US is still feeling the effects of the crisis, recovery process is complex and an international phenomenon
[11:27] {Threei}  where is it now nemo?
[11:27] {_shogun25} Ben Burtanki
[11:27] {Threei}  1:1 RIMM
[11:28] {Threei}  first part out, stop to under b/e
[11:28] {Threei}  hmmm... a bit too vertical
[11:28] {samire} great call
[11:28] {Threei}  ty
[11:28] {Threei}  offer 1/4 more .78 - .80
[11:29] {nemo} .83 vwap rimm
[11:29] {dino} smr msb l .00
[11:29] {RonS} out 1/2 rimm .57 to .72
[11:29] {Threei}  nice aggressive entry
[11:30] {Threei}  RIMM is mimicking SPY now almost to the tick
[11:30] {RonS} like what was happning in the futes and your poignant comment that rimm was not reacting down w/ the mkt
[11:30] {RonS} liked
[11:31] {Threei}  poignant?? :)
[11:31] {RonS} something nemo wears...
[11:31] {_shogun25} sounds kinky
[11:32] {_shogun25} i have taken my profits in RIMM
[11:33] {Threei}  yup, that was too vertical move, no fault in taking it off the table
[11:33] {RonS} stop 1/2 b/e rimm...the baastaad
[11:33] {Threei}  and someone has tripped off market cord
[11:33] {Threei}  my bets guess is, nemo resumed his drunken stumbling around
[11:34] {nemo} hangover stumble...Mai Tai'ed my way into oblivion last night...Hawaiian night at the neighbors
[11:34] {Threei}  or am I wrong in assuming it ever stopped...?
[11:34] {nemo} yeah, had to hook up windshield wipers to my eyeballs
[11:35] {Threei}  mai Tai is tough on ya... too much ice in it'
[11:35] {nemo} Was I supposed to put ice in it?
[11:35] {Threei}  lol
[11:35] {nemo} Drank out of the same pineapple all night, pretty soggy at the end
[11:36] {Threei}  ate it when done drinking?
[11:36] {nemo} There was only enough of it in the first place to function as a container, not into the outside skin
[11:36] {Threei}  can't tell if it's just a shake and bounce resumes now, or bounce failed and we are headed for new lows
[11:36] {samire} is time 4 tza  ?
[11:36] {Threei}  50/50 here, coin toss
[11:37] {samire} ok
[11:37] {Threei}  I like this consolidation, my problem is this sharp move prior
[11:37] {samire} no gambling
[11:38] {nemo} Not likely to go much further
[11:38] {Threei}  one more little pullback, say to .70, holding it and clibm back up into resistance - I would be more confident in call
[11:39] {Threei}  as it is, risk is intolerbably big
[11:40] {samire} welcome to summer time
[11:40] {_shogun25} double bottom forming on SPY
[11:41] {Threei}  not really shogun... more looks like another breakdown
[11:42] {_shogun25} oh yeah i see
[11:43] {_shogun25} so if it holds at this level posssible leg down ?
[11:44] {Threei}  well, generally speaking yes but:
[11:44] {Threei}  1. we are in a lunch time wqhere patterns are less pronounced
[11:44] {Threei}  and 2, we are down already quite a lot
[11:44] {_shogun25} ok
[11:44] {Threei}  aand maarket tends to stall after such moves lately
[11:45] {nemo} we're also at breakout levels for the previous runup on spy and the russell 2000
[11:45] {larisa} I think  is was last shake before reversal. who is wiF me ? :)
[11:45] {nemo} I'll follow you anywhere Lari
[11:45] {larisa} ok !
[11:45] {nemo} which should make you worried
[11:46] {Threei}  brown noser
[11:46] {_shogun25} haha
[11:47] {dino} gap s/p 1287
[11:47] {_shogun25} looking weak IWM
[11:52] {Threei} Long Setup:  TNA  .10 break half lot
[11:52] {nemo} like it
[11:52] {Threei}  stop .95
[11:54] {Threei}  not a scalp
[11:55] {larisa} crazy dizzy :)
[11:55] {Threei}  yeah
[11:56] {Threei}  nervous moment but this is one of those "must try" trades
[11:56] {_shogun25} no risk no reward
[11:56] {Threei}  best chance for longs to take advantage of over-complacent bars
[11:56] {nemo} if it drops .03 I'd get out
[11:56] {Threei}  if they fail they fail
[11:57] {Threei}  but if they win, this thing can easily do 77.60 and more
[11:57] {Threei}  no go
[11:57] {_shogun25} im stopped out
[11:57] {Threei}  yup
[11:58] {Threei}  see why half lot?
[11:58] {_shogun25} yeah its a beast
[11:58] {Threei}  a lot of nervousness here, volaitlity is bigger than usdual
[11:59] {_shogun25} RIMM is back down at support
[11:59] {_shogun25} creating a range
[12:00] {nemo} one entry early
[12:00] {Threei}  come on TNA... a rinse?
[12:00] {Threei}  that's indecent
[12:01] {Threei}  heh... rinse it is
[12:02] {larisa} so TNA is the best to take advantage  if you believe in  long reversal ? So crazy/ did not watch it before. always like that?
[12:03] {Threei}  no, not always
[12:03] {larisa} k
[12:08] {RonS} wow bac
[12:12] {Threei}  (GE) EU rules that Germany may not implement draft online gambling tax rules
[12:12] {Threei}  - Right now the German online gambling market is unregulated so companies can run their international Web sites and aren't required to pay any tax in Germany, but the country has proposed new online gambling regulations that include a 16.67% tax on betting turnover.
[12:15] {samire} long cedc
[12:15] {samire} .05 stop
[12:23] {Threei}  (US) White House Press Secretary: Strongly opposes the GOP deficit plan, calls the bill empty political posturing- Passage of the debt ceiling increase should not be conditional on a balanced budget constitutional amendment, pledges to veto the bill.
[12:24] {Threei}  this game of chicken will end badly
[12:25] {larisa} hubby just came back from Russia, they are REALLY nervous over there, scared to death actually :)
[12:25] {larisa} or :(
[12:27] {Threei}  about what?
[12:30] {larisa} new crisis coming
[12:32] {Threei}  well... wouldn't say it's unfounded fear...
[12:36] {dino} evep spike
[13:08] {Threei}  market's frozen
[13:20] {_shogun25} gotta love the market in the summer
[13:20] {Threei}  while it's quiet,
[13:20] {Threei}  http://photography.realitytrader.com/2011/07/butterfly-gardens-more-than-just_18.html
[13:23] {larisa} beautiful
[13:23] {Threei}  ty
[13:26] {dino}    zzzzzzzzzzzzzzzzzzzz
[13:48] {Threei} Short Setup: GLD  156 break
[13:48] {Threei}  if stays under .10
[13:52] {samire} testing internet
[13:53] {Threei}
[13:53] {Threei}  (FR) France Govt Min: Expecting an intermediate solution on the Greece crisis at Thursday's summit; arrangement likely to be based on the French-German agreement
[13:53] {Threei}  - Confirms euro zone officials are considering a bank levy as a method of involving private sector creditors in Greece's aid package (Note: earlier today German press reported this bank tax was under consideration).
[13:53] {Threei}  - Reminder: Germany Chancellor Merkel commented that she will only attend the July 21st EU summit if there is to be a clear outcome.
[13:53] {Threei}  internet passed the test
[13:54] {samire} so are u !!!!
[13:54] {samire} great day
[13:54] {samire} most rooms lost money today
[13:54] {larisa} lol
[13:55] {Threei}  glad you was able to profit here
[13:55] {Threei}  still need GLD to work
[13:55] {samire} yes
[13:55] {Threei}  it touched .91
[13:56] {samire} yes it did
[13:56] {Threei}  but I hesitated a fraction of second to cover, and then it's gone
[13:57] {Threei}  Confirms euro zone officials are considering a bank levy as a method of involving private sector creditors in Greece's aid package
[13:57] {Threei}  gods, they are idiots
[13:58] {_shogun25} are you out of GLD
[13:58] {Threei}  yes
[13:58] {Threei}  played it all wrong
[13:58] {Threei}  even if missed cover, should have trailed stop to b/e since it was so close to 1;1
[13:59] {RonS} out nav .50 to .72  thanks dino...thing was in compound low
[13:59] {Threei}  good one guys
[14:01] {_shogun25} wow frustarting to day
[14:01] {Threei}  really?
[14:01] {Threei}  samire liked
[14:01] {samire} yes
[14:02] {Threei}  what's frustrating, I thought we had a good hit rate
[14:02] {samire} i am in 3 other rooms...all lost
[14:02] {samire} Vad won today
[14:02] {Threei}  with stops tightly controlled, a few good wins obviously outweighing losses
[14:02] {_shogun25} i guess got in late and my stops were too big
[14:03] {Threei}  there are rules how things are played... never chase more than couple cents
[14:03] {Threei}  never use market orders on fast moving ones,
[14:03] {Threei}  use limit at the price upo to which you are willing to chase
[14:04] {_shogun25} i need more discipline in the focus area
[14:04] {_shogun25} i have been very risk averse
[14:04] {Threei}  that's what we here are about
[14:04] {Threei}  we are boring disciplined guys
[14:05] {Threei}  no cowboy stuff
[14:05] {Threei}  we play setups and keep our stops
[14:05] {Threei}  fall asleep when market stops activity
[14:05] {samire} 100% agree
[14:06] {Threei}  and out biggest gamble is bettinbg a bottle of beer on ther market close
[14:06] {_shogun25} i will read the info in your guide tonight
[14:06] {Threei}  usually bet goes between dino, larisa and I... and I lose most of the time
[14:06] {Threei}  also, shogun, make sure you go over this:
[14:07] {dino}  cold beer, not tht warm stuff vad mails to me
[14:07] {Threei}  http://www.realitytrader.com/freelessons.html
[14:07] {Threei}  http://blog.realitytrader.com/2009/12/blog-summary.html
[14:07] {_shogun25} thank you
[14:07] {Threei}  if you devote a night or two to going over all the articles, you'll be much closer to understanding how we operate
[14:08] {Threei}  sorry dino, I tried to mail it to you with ice but it melted
[14:08] {_shogun25} i was laid off at the begining of the year and hav been trying many different things with the hopes of creating an income
[14:08] {dino} lol
[14:09] {_shogun25} seems patience is the main ingredient
[14:09] {dino} do not trade my trades shogun
[14:09] {nemo} better ask patience abou that
[14:10] {_shogun25} lol ok dino will not do then
[14:10] {samire} shogun....just give your money to dino
[14:10] {_shogun25} haha the dino donation
[14:10] {Threei}  he is right shogun, his trades are in different risk profile
[14:11] {Threei}  takes time to get there
[14:11] {Threei}  don't push, it happens with time... it's a process
[14:11] {samire} he is in the right place
[14:12] {_shogun25} at the begining of the year i traded live wiped out my bank and have been trading in demo ever since
[14:12] {nemo} where have I heard that before
[14:12] {Threei}  many times...
[14:12] {_shogun25} i think every trader on the planet has that story lol
[14:13] {nemo} yeah, that would be the point
[14:13] {Threei}  I dunno what it is about trading that makes people think it can be mastered without proper education
[14:13] {Threei}  see this time and again
[14:13] {_shogun25} i guess it was how I was introduced to it
[14:13] {nemo} KTEL
[14:14] {Threei}  in the most important news of the day (and dino do pay attention):
[14:14] {Threei}  Former Two and a Half Men star Charlie Sheen is planning a return to series television in Anger Management, a new sitcom based on the 2003 film of the same name.
[14:14] {nemo} Saw that
[14:14] {larisa} what education? buy at the bottom. sell at the top. easy. yes, ?nd hide emotions :)
[14:14] {Threei}  yes dear :)
[14:15] {Threei}  that's all there is to it
[14:15] {Threei}  just two correctgions, if I may
[14:15] {_shogun25} but to be in the right place is the trick no ?
[14:15] {Threei}  1. let's replace "easy" with "simple"
[14:15] {Threei}  and
[14:15] {dino} be tough to beat 2 1/2 men, but then again, 2 1/2is not the same men
[14:16] {Threei}  2. It is through many complications that you come to that simplicity
[14:16] {larisa} boring
[14:16] {Threei}  yes
[14:16] {Threei}  my middle name
[14:16] {Threei}  I am all for excitement - after market close
[14:16] {Threei}  or before the open
[14:17] {Threei}  bore me with profits, and I will yawn all the way to the bank
[14:17] {_shogun25} sounds awesome
[14:23] {samire} enjoy the ride
[14:24] {Threei}  quite tempted by TZA here
[14:24] {Threei}  just hate that stop would have to be under .50
[14:24] {Threei}  OK, my solution:
[14:24] {Threei}  waitng for pullback closer to .50 where stop wokuld be tighter,
[14:25] {Threei}  if no pullback then I will have missed it
[14:33] {Threei}  and here goes TZA
[14:43] {dino}  vsat drop
[14:46] {nemo} slw
[14:51] {dino} a sm l .00
[14:55] {samire} Vad.....I noticed some thing in your trading
[14:56] {samire} 2 points
[14:56] {Threei}  listening
[14:56] {samire} 1)
[14:57] {samire} u win most the time
[14:57] {samire} 2)
[14:57] {nemo} he cheats
[14:57] {samire} you loose most of your trades in stocks over $ 60.00
[14:57] {samire} today is a good example
[14:57] {samire} tna and GLD
[14:57] {Threei}  a bit too tight stops, could be
[14:58] {samire} exactly
[14:58] {samire} and i do not take those lately
[14:59] {nemo} that TNA was a good setup
[14:59] {samire} then stop should be double normal
[14:59] {Threei}  look at it this way samire
[14:59] {Threei}  you can modify any of the calls to your liking,
[15:00] {dino} schw l .00 break
[15:00] {Threei}  in this particular case, by widening a stop and decreasing the size
[15:00] {Threei}  if you notice such pattern, adjust to it
[15:01] {samire} i will
[15:01] {Threei}  and second thing to keep in mind - no matter how much you tweak, certain percentage of trades will still be losers, so don't fall into trap of endless tweaking in futile attempt to get rid of stops altogethewr
[15:01] {Threei}  not going to happen
[15:02] {samire} yes
[15:02] {RonS} took a .04 to .16  thanks dino
[15:04] {dino} gj
[15:05] {samire} final hour
[15:11] {dino} out nav .80, +.30
[15:14] {RonS} gj
[15:14] {dino} ty
[15:31] {dino} out a .31, +.31
[15:31] {RonS} gj
[15:31] {dino} thx
[15:40] {dino} husa spike
[15:41] {Threei}  (FR) France Fin Min Baroin: Confident in EU leader's ability to respond to crisis and deliver investor confidence following the EU summit on Thursday
[15:41] {Threei}  - Notes discussions have progressed well with counterparts, France will not support a selective default
[15:41] {dino} lol, just a total one
[15:42] {Threei}  hehe
[15:42] {Threei}  ok... last trade...
[15:42] {Threei}  up or down?
[15:42] {samire} both
[15:42] {Threei}  if up, FCX 55 break
[15:43] {Threei}  if down, TZA .55 break
[15:43] {Threei}  and no samire, not both :)
[15:44] {Threei}  (GR) Greece Fin Min: A debt agreement can be reached at Thursday's summit
[15:45] {Threei}  or not
[15:47] {Threei}  Greece on track to reach a budget surplus in 2012
[15:47] {Threei}  say what?
[15:47] {Threei}  did he take lessons from Iraqi minister of information?
[15:48] {dino} he says this to get $ only.
[15:48] {Threei}  well, there should be some limit to lies
[15:49] {Threei}  clkaim that Greece can be in surplus this year is beyond ridiculous
[15:49] {Threei}  next, sorry
[15:49] {Threei}  dopesn't matter
[15:49] {samire} sold fcx 0.05
[15:49] {samire} thanks Vad
[15:49] {Threei}  sure... now, TZA?? :)
[15:50] {samire} ok
[15:50] {Threei}  you wanted both after all, lol
[15:52] {Threei}  FCX 1:1
[15:57] {dino} out msb -.17
[15:58] {Threei}  ok guys, thank you all
[15:58] {Threei}  have a good evening, see you tomorrow for another boring and profitable day
[15:58] {Threei}  btw samire
[15:59] {Threei}  TZA works too {G}
[15:59] {dino} gn all, thx for ideas
[16:00] {patience} ty vad
[16:01] {larisa} bye :)

Jul 15 2011

Nice morning, extremely boring afternoon, with last winning scalp literally on last minutes... Time for the weekend

Session Time: Fri Jul 15 00:00:00 2011

[08:58] :dino} gm all
[08:59] :Threei}  morning dino
[09:06] :Threei}  LB) US Sec State Clinton has recognized the Libyan rebel council in Benghazi as the legitimate government of Libya
[09:14] :nemo} Nat gas companies through the roof becaus of HK takeover
[09:17] :RonS} volume thus far seems suspect...btw gm everyone
[09:17] :Threei}  Ron :)
[09:18] :Threei}  feels to me like this gap will be sold into
[09:18] :Threei}  I know larisa, I know
[09:20] :larisa} gm :)
[09:21] :Threei}  :)
Session Close: Fri Jul 15 09:23:31 2011

Session Start: Fri Jul 15 09:23:31 2011
Session Ident: #discussions
02[09:23] * Disconnected
02[09:27] * Attempting to rejoin channel #discussions
03[09:27] * Rejoined channel #discussions
[09:27] :Threei}  great time to lose connection
[09:28] :jfjf64} mornin
[09:28] :Threei}  jf :)
[09:30] :Threei}  watching for short truiggers
[09:31] :Threei} Short Setup: RIMM  .40 break
[09:31] :Threei}  if stays under .55
[09:33] :dino} leftovers www to .60
[09:33] :Threei} Short Setup: SLW  .30 break
[09:34] :Threei}  if stays under .40
[09:35] :Threei}  no go SLW
[09:35] :nemo} wow
[09:35] :Threei}  (US) Preview: July Preliminary University of Michigan Confidence Index due out at 09:55ET (13:55 GMT)**Consensus expectation: 72.0e v 71.5 June Final
[09:36] :patience} good morning
[09:36] :Threei}  morning patience
[09:37] :dino} out www .61, +.31
[09:37] :Threei}  wtg
[09:37] :Threei} Short Setup: FCX  .15 break
[09:38] :Threei}  if stays under .25
[09:41] :Threei}  lose that .30 already RIMM
[09:41] :Threei}  covering half RIMM
[09:42] :Threei}  1:1
[09:42] :Threei}  stop to .45
[09:43] :Threei}  FCX if oartialing, trail stop to .21
[09:43] :Threei}  RIMM to .41
[09:47] :samire} internet
[09:47] :Threei}  RIMM to .36
[09:49] :samire} down rimm
[09:49] :Threei}  trail FCX to .16
[09:50] :Threei}  down boy, down
[09:50] :Threei}  both trades are protected
[09:50] :Threei}  no lose territory
[09:50] :dino} gj
[09:51] :Threei}  ty
[09:51] :jfjf64} ty
[09:51] :Threei}  done with RIMM
[09:51] :Threei}  FCX was 1 cent from 1:2, lol
[09:52] :Threei}  this meaningless news caused uptick in the market:
[09:52] :Threei}  *(IT) ITALY PM BERLUSCONI SURVIVES COMFIDENCE VOTE IN ITALY CHAMBER OF DEPUTIES (LOWER HOUSE)
[09:52] :nemo} watch for fcx bounce around here
[09:52] :Threei}  and robbed us of further RIMM drop
[09:52] :nemo} vwap .92
[09:52] :Threei}  (US) US House to vote on $2.4T debt ceiling increase next week, will include balanced budget amendment with provisions to 'cup, cap, and balance' - financial press
[09:52] :Threei}  - Reminder: Yesterday the White House reiterated that President Obama does not support a constitutional amendment mandating a balanced budget
[09:53] :Threei}  of course not
[09:53] :Threei}  what a calamity, balanced budget
[09:54] :Threei}  ridiculous concept, really
[09:54] :Threei}  only mad republicans could come up with such nonsense
[09:54] :nemo} yeah, can you imagine only spending what you earn...how frickin' idiotic
[09:54] :Threei}  sarcasm mode off
[09:55] :Threei}  bad michigan numbers
[09:55] :Threei}  *(US) JULY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 63.8 V 72.0E
[09:55] :Threei}  FCX 1:3
[09:55] :Threei}  me out
[09:55] :samire} great job
[09:56] :Threei}  ty kind sir
[09:56] :Threei}  look how RIMM misbehaves
[09:56] :Threei}  was a good stop trail
[09:57] :Threei}  cionfidence numbers are lowest since March 2009
[09:57] :nemo} clx
[10:00] :dino} nav sm l .75
[10:07] :jfjf64} chk
[10:07] :jfjf64} .19 break
[10:09] :ese} morning......gig until 2 am.....
[10:09] :Threei}  morning ese
[10:09] :ese} ouch
[10:10] :ese} hurts to read
[10:10] :Threei}  always
[10:10] :Threei}  write too
[10:10] :jfjf64} dieeeeeeee
[10:11] :samire} took fst hod
[10:11] :samire} .24
[10:13] :RonS} hearing europe bank stress test announcement due at 11:30 edt, coinciding w/ their mkt close
[10:14] :nemo} any bets on how many European banks fail the stress tests
[10:14] :dino} clx sm l .75
[10:14] :dino} zero, numbers fudge
[10:14] :nemo} I agree completely
[10:16] :RonS} ha!...one major German bank refuses to have its results published (seen as sort of a mutiny).  Landesbank Hessen-Thueringen (known as HELABA)
[10:18] :RonS} now hearing announcement at noon edt...5 pm London
[10:19] :RonS} ha!...The stress tests are NOT enforceable.  National regulators are the ones who could force a bank to increase its capital reserves
[10:22] :Threei}  (US) Court rules that the US Govt had improperly adopted the use of airport body scanners; use will continue during publc comment period
[10:26] :samire} sold second half of fst at BE
[10:28] :samire} slw
[10:32] :Threei} Long Setup:  RIMM  .55 break
[10:32] :Threei}  if holding above .45
[10:33] :Threei}  (EU) Hearing SocGen analyst note from earlier that discussed possible "near fail" banks being recirculated in the last few minutes ahead of stress test results
[10:33] :Threei}  - SocGen note this morning identified Deutsche Bank, Commerzbank and Banco Popular as potential near fails in the EBA stress tests due out at 12:00ET
[10:36] :Threei}  25 30 min till president update on debt ceiling talks
[10:36] :ese} L sgen .50
[10:37] :ese} large
[10:37] :samire} invalid
[10:37] :samire} rimm
[10:39] :ese} out 1/2 .64 3 &1/2 K +.14
[10:41] :ese} out in full avg .66 +.16
[10:43] :ese} thats it for me today....back to bed i'll take me 1050 bucks and see you all monday
[10:43] :ese} have a great weekend
[10:45] :dino}   wtg ese, take care
[10:48] :RonS} rimm re-established 3i?
[10:49] :RonS} guess he hit the sack before ese...
[10:50] :Threei}  lol
[10:50] :Threei}  I think so
[10:58] :Threei}  invalidated again
[10:58] :Threei}  shrug
[11:02] :dino} arx sm l.90
[11:04] :RonS} Oprompta on tv...
[11:06] :dino} lol, "who's on the list" staged questions
[11:07] :RonS} dang...took my eye off rimm
[11:12] :Threei}  me too
[11:12] :dino} you 3
[11:12] :Threei}  that too
[11:16] :Threei}  (US) Pres Obama: Reiterates to general public that the debt ceiling is 'not an abstract issue'; we have the opportunity to stabilize finances for the next decade or two
[11:16] :Threei}  - Still pushing for the "biggest deal possible."
[11:16] :Threei}  - Fallback position would be to raise the debt ceiling but not make any progress on deficit reduction.
[11:16] :Threei}  - Congress needs to show us a plan on debt ceiling and a "serious" plan on deficit reduction in the next 24-36 hours.
[11:16] :Threei}  - Q&A: Asked about the House plan for $2.4T in cuts, says he has not seen it; expect the House Republicans will like take a few votes to make "political statements."
[11:17] :dino} bal bloodied again
[11:18] :RonS} ...and i thought cotton balls stoped bleeding...
[11:19] :RonS} w/ pressure of course...
[11:19] :dino} lol
[11:20] :RonS} hgsi is really curious...lupus drug gets apporved here and eur...52 week low
[11:22] :dino} gap 19.77 two years ago
[11:24] :Threei} Long Setup:  FCX  .25
[11:25] :Threei}  .15 for a stop
[11:26] :dino} ghl pulp up/down
[11:27] :samire} i was away
[11:28] :samire} did fcx trigger ?
[11:28] :Threei}  yes
[11:35] :jfjf64} comon  fcx  mk  up  ya  mind
[11:38] :Threei}  no go
[11:44] :RonS} yum l .40
[11:53] :RonS} yum out .52 +.12  wanted to hold longer but too close to announcement
[11:57] :samire} Vad......I noticed that is the first 90 minutes is when you make most of your money ? Am I correct ?
[11:58] :Threei}  mostly yes, especially during these slow summer times
[11:58] :Threei}  it will change come fall
[11:58] :samire} ok
[11:58] :Threei}  if you look at intraday charts, you''ll see this clear pattern of useable movement in the morning,
[11:58] :Threei}  then long stall, or very slow move
[11:58] :RonS} but milk trades usually occur mid-day
[11:59] :Threei}  then activity resumes a bit into close
[11:59] :Threei}  so, I am simply following market pattern
[11:59] :dino}  gj yum ron
[11:59] :dino} what am i missing clx? buyout offer 76.50
[12:00] :RonS} it's icahn...management usually does not want to involve him...
[12:00] :dino} but offer is on table
[12:01] :RonS} but golden parachutes need to be negotiated
[12:01] :dino} hmmmm
[12:03] :RonS} hearing 8 banks failed test...16 narowly passed...all italian banks passed
[12:03] :RonS} narrowly
[12:05] :dino} clx to .79
[12:05] :RonS} snagged yum .67 to .76
[12:06] :dino} to .85
[12:06] :dino} gj
[12:07] :dino} out clx .85, +1.10
[12:07] :RonS} gj
[12:07] :RonS} Italy austerity package passes
[12:08] :dino} ty, took coule hours
[12:08] :dino} couple
[12:09] :Threei}  (EU) EUROPEAN BANKING AUTHORITY (EBA): RELEASES STRESS TEST RESULTS; AS OF APRIL 30, 8 BANKS FAIL, HAVE CAPITAL SHORTFALL OF 2.5B
[12:09] :Threei}  - 1 of 3 austrian banks adverse scenario (Volksbank failed);two Greek banks, and 5 Spain banks fail (Banco Pastore failed, BBVA passed)
[12:09] :Threei}  - All portugal banks pass, all germany banks pass, all three ireland banks, all france banks pass, all Italy banks pass as of April 30
[12:09] :Threei}  - 20 banks would have passed as of Dec 31
[12:09] :Threei}  - 13 banks barely passed the test (7 Spain Banks, 2 Germany banks, 2 Greece banks, and 2 Portugal banks); 16 banks need to raise capital
[12:23] :samire} that is a good number of banks failed
[12:23] :RonS} ...but expected 16...
[12:24] :RonS} ...and is a made-up stress test...
[12:25] :RonS} 5 were spanish caja banks...guess cajas were cacka
[12:25] :RonS} :P
[12:28] :RonS} dino...Tom's just ace! Golfing great Watson delights crowds with hole in one at Open
[12:30] :dino} cool
[12:32] :nemo} Gizmo cacka
[12:43] :dino}  corn, sgg, bal all drop
[12:53] :samire} lunch slow down
[12:56] :Threei}  (US) House of Representatives votes to remove funding for renewable energy; removes $5.9B from energy spending bill
[12:56] :Threei}  - Note that these cuts are part of a bill that would fund the Energy Department and other agencies for 2012. The bill would reduce spending on solar energy research, energy efficiency programs, and loan guarantees for renewable energy projects.
[12:56] :Threei}  - Passed by a vote of 219 to 196, many provisions would have trouble passing the Democrat-controlled Senate.
[13:20] :nemo} COF might be a short
[13:30] :nemo} COG
[13:41] :dino}  .
[13:46] :Threei}  in case you woindered,
[13:46] :Threei}  (LB) Colonel Gaddafi: Will continue to fight despite US recognition of Libya rebel forces
[13:48] :dino} dead man walking
[13:55] :RonS} mystery?  why is the colonel not a general?
[13:57] :dino} ghl sm l .51
[13:57] :RonS} Greenhill & Co. puts active; shares approach five-year low on banker departure       07/15 11:24 AM
[13:58] :RonS} Timothy M. George, a member of the management committee, departing for Lazard
[13:59] :samire} stop dino on ghl  ?
[13:59] :dino} .23
[13:59] :dino} entry sucked
[13:59] :samire} thanx....with u
[14:00] :samire} market wen down when u entered
[14:00] :samire} went
[14:00] :dino} yeah, i see that
[14:06] :samire} out .56
[14:06] :samire} from ghl
[14:06] :samire} small profit
[14:06] :samire} thanks dino
[14:06] :dino}  gj
[14:06] :dino} wicked
[14:10] :dino} ghl stopped, good exit sami
[14:16] :samire} thanx
[14:16] :dino} my stop even a good exit, lol
[14:23] :RonS} rumor...ghl contemplating name change to sinkhole & co...
[14:24] :dino} gnat on the wall
[14:27] :RonS} sm l ghl .03
[14:27] :dino} gj
[14:27] :samire} are we going to have another end of theday sell off ?
[14:28] :Threei}  feels this way
[14:29] :nemo} looks like bounce here maybe
[14:30] :RonS} damn, missed my .45 exit by .02...scratched ghl
[14:38] :RonS} slow motion trainwreck...
[14:38] :dino}  indeed
[14:45] :dino} sm l clw .05 thinny
[14:56] :Threei}  (US) S&P analyst reiterates a downgrade of the US's AAA rating could come in the last week of July if risk of default increases; would move to selective default on Aug 4
[14:56] :Threei}  - Reminder: Earlier S&P commented that it would most likely downgrade the US's rating before the Aug 2 deadline if the issues persist
[15:00] :Threei} Long Setup:  TZA  .60 break
[15:04] :Threei}  ok SPY, some pre-weekend panic would be welcome
[15:07] :Threei}  nope
[15:27] :dino}  pattern changing, buying into close
[15:27] :nemo} spy pivot .48 vwap .30 likely that area
[15:30] :nemo} huge offer .81 clx
[15:41] :samire} 20 more minute
[15:42] :Threei}  selling just has to come here
[15:42] :Threei}  taking TZA .20 break as last attempt
[15:43] :Threei}  correction, .10 break
[15:43] :Threei}  (US) Treasury Dept takes measures to suspend reinvestments of exchange stabilization funds as part of tools to maintain the US under the debt ceiling
[15:43] :Threei}  - Suspension part of previously announced methods to extend deadline to Aug 2; will take no other measures to extend the deadline
[15:47] :dino} arx stop -.20
[15:53] :Threei}  half out
[15:53] :Threei}  .19
[15:53] :Threei}  almost running out of time
[15:58] :Threei}  come on
[15:58] :Threei}  just a tad more
[15:58] :dino} out nav -.07
[15:59] :Threei}  ok
[15:59] :Threei}  no time for more
[15:59] :Threei}  done
[15:59] :Threei}  th8an you all, have a great relaxing weekend
[15:59] :dino} out clw .10, +.05
[15:59] :Threei}  see youi on Monday
[15:59] :larisa} bye :)

July 14 2011

Very nice morning with a few wins, coming easy as we determined the market direction just right. Got a nice Catch of the Day play sensing coming panic:

Session Time: Thu Jul 14 00:00:00 2011
[09:08] {samire} gm
[09:08] {Threei} morning samire
[09:12] {larisa} gm :)
[09:12] {Threei} larisa :)
[09:12] {larisa} vad :)
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {RonS} gm tide
[09:14] {RonS} dino always salutes his detergetn, thought i would do mine...
[09:15] {RonS} detergent
[09:15] {Threei} ron :)
[09:15] {dino} lol
[09:16] {dino} never thought of that
[09:16] {RonS} not easy being twisted here...
[09:17] {dino} ahh, but it works for you
[09:23] {jfjf64} mornin all
[09:23] {Threei} jf :)
[09:23] {RonS} i y'am what i y'am...popeye...
[09:24] {RonS} kinda surprised we are up considering what happened in the ah...
[09:24] {Threei} makes you think selling should hit
[09:25] {Threei} wow, people are slow to wake uop today
[09:25] {jfjf64} cramer in mornin
[09:26] {jfjf64} grrr
[09:26] {Threei} don't jf.... bacon in the morning is much much better for you
[09:26] {jfjf64} lol
[09:26] {jfjf64} you back on bacon
[09:26] {jfjf64} or being healthy
[09:27] {Threei} sorry, I can't see how it is a contradiction
[09:27] {jfjf64} lol
[09:27] {RonS} $3/lb for bacon here...sheesh
[09:27] {Threei} since when bacon is unhealthy'
[09:27] {dino} i will gladly pay you on tuesday ffor a hamburger today
[09:27] {jfjf64} somethin bout olive oil
[09:28] {jfjf64} she used to get me going
[09:28] {RonS} can't seem to remeber the name of that guy dino...
[09:28] {RonS} rmember
[09:28] {RonS} sheesh...remember
[09:28] {ese} gm
[09:28] {Threei} ese :)
[09:29] {Threei} gioing to skip first minutes, to get the mood:
[09:29] {Threei} gap up is used to dump into,
[09:29] {Threei} or
[09:29] {Threei} yeaterday's fears are dismissed and we resume slow climb
[09:29] {jfjf64} do whatever ya got to do 3i
[09:29] {Threei} oh, I chose sleep then jf
[09:29] {Threei} thank you
[09:29] {jfjf64} ac/ dc here
[09:30] {ese} out SVM .65 +.40
[09:30] {Threei} nice hold ese
[09:30] {ese} Out HL .53 +.13
[09:30] {ese} tks
[09:31] {Threei} SLW jumps up and down
[09:31] {Threei} let's see where it settles
[09:31] {Threei} Short Setup: SLW .10 break
[09:31] {dino} mrx sm l .49
[09:32] {Threei} stop above .20 scalpers, .25 day traders
[09:33] {Threei} 1:1 scalpers
[09:33] {Threei} 1:1 day traders
[09:33] {Threei} 1:2
[09:34] {Threei} me out
[09:34] {Threei} a but too vertical
[09:34] {jfjf64} ty
[09:34] {Threei} yw
[09:34] {Threei} Long Setup: RIMM .25 break half lot
[09:35] {Threei} if stays above .15
[09:35] {ese} L uxg .95
[09:35] {nemo} huh?
[09:35] {larisa} I have it under .10
[09:35] {Threei} ugh
[09:35] {Threei} sorry, wrong ticker
[09:35] {Threei} never mind
[09:35] {Threei} too many stocks
[09:35] {ese} sm
[09:35] {Threei} one that I had in mind is invalidated anyway
[09:36] {Threei} no harm
[09:36] {Threei} SLW had more in it eh
[09:36] {_carson} out rest SLW
[09:36] {_carson} {3
[09:37] {Threei} Long Setup: FCX .15 break
[09:37] {Threei} if stasy above .05
[09:38] {Threei} target about .35, two partials
[09:39] {dino} jazz spike
[09:40] {Threei} 1:1
[09:40] {Threei} half out
[09:40] {Threei} and let's trail to .09
[09:40] {Threei} don't like this jumpiness
[09:41] {Threei} SLW was better candidate for bounce
[09:41] {Threei} FCX works too but that one had better swing
[09:41] {Threei} stop to .14
[09:42] {Threei} let's secure profit as much as we can here
[09:42] {_carson} should i go sleep now ?
[09:42] {Threei} you out FCX in full yet?
[09:42] {Threei} target hit
[09:42] {Threei} out
[09:42] {Threei} go sleep carson
[09:43] {samire} good job Vad
[09:43] {_carson} i actually could..that FCX was jumpy but finally worked
[09:43] {Threei} ty samire
[09:43] {Threei} with afternoons being mostly dead, gotta get all we can early
[09:43] {_carson} +.60ish on the day alredy
[09:43] {samire} yes
[09:44] {samire} yes on mornings
[09:44] {dino} gj carson
[09:44] {Threei} you got your yesterday's stops back carson
[09:44] {_carson} yeaapp
[09:44] {Threei} be smart now, don't waste it away
[09:44] {Threei} do this:
[09:44] {Threei} determine how much you take home today no matter what
[09:45] {Threei} and put kind of trailing stop on your account
[09:45] {Threei} ie:
[09:45] {Threei} if you are up 500, decide that 400 is your minimum for today,
[09:45] {Threei} so, if you lose 100, you stop trading
[09:45] {_carson} ohhok
[09:45] {Threei} if make 200 more, move your stop to 550
[09:46] {_carson} ty
[09:46] {Threei} thus having 150 max to lose
[09:46] {Threei} etc
[09:46] {Threei} SLW
[09:46] {Threei} oullback to .90 - 39 zone will be inetresting for ling entry
[09:46] {dino} out mrx .99, +.50
[09:47] {_carson} wow dino!
[09:47] {Threei} let' let it lose 39, then see if we get a setup
[09:47] {Threei} wtg dino
[09:47] {dino} ty
[09:47] {samire} rimm 4 a bounce ?
[09:47] {samire} here
[09:47] {samire} out
[09:48] {Threei} need another pullback to establish a mini-tange
[09:48] {Threei} wow
[09:48] {samire} exited right time
[09:48] {Threei} (US) Senate Majority Leader Reid (D-NV): Believes that House Speaker Boehner (R-OH) is negotiating in good faith; Majority Leader Cantor (R-VA) has already shown that he shouldn't even be at the negotiating table
[09:48] {Threei} 'em are fightin' words
[09:48] {Threei} as far as I am concerned, Reid shouldn't be at that table
[09:48] {Threei} or any othe table
[09:48] {Threei} OK, SLW
[09:49] {dino} like a bunch of high school kids
[09:49] {Threei} ugh
[09:49] {Threei} got away
[09:49] {Threei} waiting
[09:50] {Threei} (US) S&P warned US lawmakers privately that it would cut the US sovereign ratings if Treasury was forced to prioritize payments - financial press
[09:50] {Threei} bunch of idiots
[09:50] {Threei} on both sides
[09:51] {Threei} Long Setup: LVS .70 break
[09:52] {Threei} if stays above .60
[09:52] {Threei} darn SLW
[09:52] {Threei} cangaroo tail
[09:53] {Threei} no go LVS
[09:53] {dino} w/a k
[09:53] {Threei} (GR) Fitch downgrades Greece banking sector following sovereign downgrade yesterday; on watch negative
[09:55] {nemo} COP
[09:55] {dino} strange market, world is falling apart and up it gies
[09:55] {dino} goes
[09:55] {nemo} just like depression
[09:57] {RonS} diff than depression since that was a deflationary environment, this one inflationary where all asset prices go up...but mkt will trail commodities
[09:57] {jfjf64} slw
[09:59] {samire} slw
[09:59] {samire} agre
[09:59] {Threei} Long Setup: SLW 39 break
[10:00] {samire} agree
[10:00] {_carson} .98
[10:00] {Threei} *(US) MAY BUSINESS INVENTORIES: 1.0% V 0.8%E
[10:01] {Threei} (US) Fed Chairman Bernanke repeats prepared testimony from yesterday
[10:01] {Threei} hmm... for those who didn't get it first time?
[10:01] {RonS} ...all of them?
[10:01] {_carson} he didnt like the market going up today
[10:02] {Threei} SLW almost touched 1:1 on first bounce
[10:02] {Threei} let's be careful and trail to .94
[10:02] {Threei} 1:1
[10:04] {Threei} Obama On Debt Deal: This May Bring Down My Presidency, But I Will Not Yield On This
[10:04] {Threei} don't yield then
[10:05] {RonS} petulant idealogue
[10:05] {_carson} cmon SLW
[10:06] {Threei} you are partialing out carson??
[10:06] {_carson} trying to atleast
[10:06] {_carson} meh
[10:06] {_carson} stop to .95
[10:06] {Threei} trying?
[10:06] {Threei} what to try... either you do or you don't
[10:06] {_carson} yeah
[10:06] {_carson} took my 1:1
[10:06] {_carson} now waiting on rest
[10:07] {Threei} "there is no trying"
[10:07] {Threei} sorry, misquote
[10:07] {Threei} "Do or Do not. There is no try."
[10:08] {_carson} scratch it
[10:08] {_carson} im all out now
[10:08] {Threei} good
[10:08] {RonS} do be do be doo...sinatra
[10:08] {_carson} haha now it will run
[10:08] {dino} mrx drop, murder at ceo house
[10:08] {_carson} :D
[10:08] {Threei} doesn't matter
[10:08] {RonS} really dino?
[10:09] {Threei} don't second guess, play by the rules
[10:09] {dino} yes
[10:09] {Threei} you don't change rules with each play
[10:09] {Threei} you just let the odds work
[10:09] {samire} rimm
[10:09] {Threei} odds say, if it hit 1:1 and tehn returned to a trailed stop level - more often than not you will lose on the balance
[10:10] {Threei} those cases when opposite happens just lure you into breaking the rules
[10:10] {Threei} only to smack you donw when you do
[10:10] {Threei} yes ron
[10:10] {Threei} premarket news
[10:12] {samire} watching rimm
[10:12] {samire} bounce
[10:15] {Threei} LVS rinse
[10:16] {Threei} dirty scoundrel
[10:16] {samire} sold rim
[10:17] {ese} L bud .75
[10:18] {ese} L uxg .85 avg .90
[10:19] {ese} out bud .89 +.14
[10:28] {samire} testing internet
[10:30] {Threei} Short Setup: RIMM .60 break
[10:32] {Threei} (US) Fed's Bernanke: Inflation higher now than it was last year, yet not ready to take action upon it - Q&A
[10:34] {Threei} invalidated
[10:35] {samire} fcx
[10:37] {Threei} wow SLW
[10:39] {samire} Ben is talking now
[10:41] {jfjf64} rimm
[10:41] {dino} bal
[10:41] {jfjf64} 3x bottom
[10:41] {jfjf64} lol
[10:42] {Threei} RIMM is valid again
[10:48] {dino} adtn sm l .20
[10:49] {Threei} no go
[10:51] {samire} slw
[10:52] {jfjf64} you in samm
[10:54] {samire} and out
[10:54] {jfjf64} good
[10:54] {samire} love to scalp
[10:54] {dino} adtn stop -.23
[10:56] {samire} watching slw for a second
[10:57] {dino} 2343, 1313 gaps below
[10:59] {jfjf64} .05 break
[10:59] {jfjf64} hold .95
[11:00] {jfjf64} comon mamma
[11:01] {jfjf64} half
[11:01] {RonS} ECONX Fed's Bernanke says further monetary easing may not be needed, may not be effective given configuration of problems we have Dollar has extended its move higher on this comment, which in turn, has pressured gold, silver and crude oil futures.
[11:02] {jfjf64} agq runnin
[11:02] {jfjf64} 1/4 more
[11:03] {jfjf64} stop.12
[11:05] {jfjf64} agq
[11:05] {jfjf64} runn
[11:05] {RonS} gj jf...nice transparency
[11:05] {jfjf64} stop .20
[11:05] {dino} a sm l .80
[11:07] {Threei} (GR) S&P analyst: Cannot see a bailout scenario for Greece that would not constitute a default
[11:07] {Threei} heh
[11:07] {Threei} didn't we determine this months ago
[11:07] {dino} indeed
[11:08] {dino} fn sm l .50
[11:09] {jfjf64} .25 stop
[11:09] {samire} out slw
[11:10] {jfjf64} why
[11:10] {jfjf64} silly
[11:10] {jfjf64} lol
[11:10] {samire} c above
[11:10] {jfjf64} house money
[11:10] {jfjf64} .30 stop
[11:11] {samire} on 1s
[11:11] {jfjf64} done
[11:11] {jfjf64} lol
[11:11] {jfjf64} ty rs
[11:14] {samire} CENX
[11:14] {samire} on 5s
[11:18] {dino} adtn sm l .00
[11:32] {samire} stopped on cenx
[11:39] {RonS} ...for the bored...something pretty cool: http://tinyurl.com/3u2fqt8
[11:39] {jfjf64} slw
[11:39] {samire} look at the spy
[11:39] {dino} adtn stopped again
[11:39] {dino} 2343 filled
[11:40] {Threei} feels like panic is coming soon
[11:40] {Threei} to the theater near you
[11:40] {samire} let us short
[11:41] {RonS} ...is ben gonna shave on camera?
[11:41] {_carson} lol vad
[11:41] {_carson} u shouldve called TZA off the bottom ;)
[11:41] {Threei} how did you know I was wtching it
[11:41] {_carson} i was watching it too
[11:41] {Threei} ah OK
[11:41] {Threei} you call it then :)
[11:41] {_carson} was subconciously thinking that could very well be the bottom
[11:41] {_carson} hahah
[11:42] {_carson} but then i was like nahhh made enough money
[11:42] {_carson} went to eat and watch tv...come back and its up $1.50
[11:43] {Threei} Long Setup: TZA .85 break
[11:45] {Threei} .75 support for stop,
[11:45] {Threei} aim to sell half around .95 - 34
[11:45] {Threei} and ride the rest
[11:49] {_carson} we might get away with one here
[11:49] {_carson} knock on wood
[11:50] {Threei} carson, you protect your morning profit as we discussed?
[11:50] {Threei} 'cause there won't be any excuse for you not to finish today nicely in green
[11:51] {_carson} yeah yeah
[11:51] {_carson} i did
[11:51] {_carson} :D
[11:51] {Threei} OK market, you have my permission to start panicking about now
[11:52] {_carson} break that 131.80 level SPY
[11:52] {_carson} cmon
[11:52] {Threei} just did
[11:58] {_carson} this could really go either way
[11:59] {dino} up imo
[12:01] {_carson} Vad
[12:01] {_carson} RIMM @ vital support
[12:01] {Threei} half out
[12:01] {_carson} oh yeah
[12:01] {_carson} shold get half out
[12:02] {Threei} stop to .79
[12:02] {_carson} half out :D
[12:04] {Threei} come panic, come
[12:09] {samire} target ?
[12:09] {samire} second
[12:10] {Threei} next partial is 1/4 between .05 and .10
[12:10] {samire} ok
[12:10] {Threei} and third, probably will trail for now without exiting
[12:10] {Threei} want to play for a big selloff
[12:10] {Threei} markert smells like mini-crash
[12:11] {_carson} oh yeaaaah
[12:11] {_carson} big money boys
[12:11] {_carson} some out .05
[12:11] {Threei} out 1/4 more
[12:11] {Threei} .07
[12:11] {samire} gj
[12:11] {Threei} stop to .89
[12:12] {Threei} giving it some breathing room for now
[12:12] {Threei} will trail more aggressively if we get sharp spike
[12:12] {_carson} stop to .90
[12:12] {_carson} wanna get my order exec'd before vads
[12:12] {_carson} wait stop to .891
[12:12] {Threei} wrong idea
[12:12] {Threei} never place stop at round numbers
[12:12] {_carson} haha im just playing...its at .89
[12:13] {_carson} oh lordie
[12:13] {_carson} RIMM broke major support
[12:17] {samire} tza wow
[12:17] {Threei} stop to .94
[12:17] {Threei} .99
[12:17] {Threei} or just exit
[12:17] {Threei} personal choice
[12:18] {Threei} 40 cents profit
[12:18] {_carson} WOW
[12:18] {Threei} hard to ignore
[12:18] {_carson} i wasnt even
[12:18] {_carson} looking
[12:18] {_carson} HAHAHAHAHAHAH
[12:18] {_carson} wow
06[12:18] * Threei slaps _carson around a bit with a large roll of cash
[12:18] {Threei} 50 cents
[12:18] {dino} 1313 filled
[12:18] {Threei} told ya... panic... crash... and other appetizing words
[12:20] {Threei} ok, I am out
[12:20] {Threei} +.55
[12:20] {Threei} can I go home?
[12:20] {_carson} stop to .40
[12:20] {_carson} on rest
[12:20] {_carson} still in
[12:20] {_carson} ill just get stopped out
[12:21] {Threei} and guess what carson... admin just informed me that your trial is over... perfect timing, isn't it {GGG}
[12:21] {_carson} :D
[12:21] {Threei} 60
[12:22] {_carson} stop to .45
[12:23] {_carson} stopped
[12:28] {RonS} cenx l .93
[12:28] {ese} .
[12:39] {dino} yum sm l .01
[12:43] {_carson} wow dino
[12:44] {_carson} that worked out well for u
[12:50] {RonS} out cenx flat, not responding to mkt
[13:02] {dino} tlt spike
[13:16] {ese} ..
[13:19] {Threei} nice to see that selloff continues from yesterday
[13:19] {Threei} green day would signal total confusion
[13:20] {Threei} this selling is clear message - market is in the mood to sell into any engineered "good news"
[13:21] {dino} what good news was there?
[13:22] {Threei} well, those QE3 hints that Ben tried to scatter around like breadcrumbs
[13:22] {Threei} from market point of view it's upltifting news
[13:22] {Threei} and market chose to dismiss them the very next day
[13:23] {dino} www sm l .39
[13:24] {dino} .30
[13:24] {RonS} did not listen to the bernank but some saying he put it off the table today
[13:24] {dino} he did
[13:24] {dino} saying we don't need it
[13:25] {_carson} SPY on 20MA
[13:25] {Threei} from what I read, he didn't discarded it outright,
[13:25] {Threei} nor committed to anything
[13:26] {Threei} usual dithering
[13:26] {RonS} soft shuffle 3i
[13:26] {Threei} my thinking though is (well, whatever goes for thiking in my skull):
[13:27] {Threei} whatever support he has for QE3, enough or not,
[13:27] {Threei} whatever situation tells him to do,
[13:27] {Threei} main problem is - this is the only thing he understands
[13:28] {Threei} from his very beginning at the Feds helm he stated his dovish position, willingness to ease and print
[13:28] {Threei} inflation be dmaned
[13:28] {dino} helicopter ben
[13:28] {Threei} damned too
[13:28] {Threei} printing money and providing accomodative policy is his MO
[13:29] {Threei} he is like aa man with hammer
[13:29] {Threei} everything is nail
[13:29] {Threei} deflation? print money
[13:29] {Threei} inflation? print money
[13:29] {Threei} run out of? print money
[13:29] {Threei} of beer
[13:30] {Threei} school gilrfriend called and said that kid of hers was yours, and wife was within an earshot? print money
[13:34] {_carson} why is market
[13:34] {_carson} popping
[13:34] {_carson} like huge
[13:34] {RonS} 'cause i just vacated my longs
[13:36] {dino} out yum .30, +.29
[13:37] {dino} thx ron
[13:37] {RonS} yw
[13:46] {dino} spwra spike
[13:59] {dino} mrx sm l .00
[14:01] {dino} tlt drop
[14:01] {larisa} we will end up +100, so Vad does not think he knows it all :)
[14:01] {dino} bonds all over the place
[14:01] {dino} i'm w/ya larisa
[14:01] {larisa} but really crazy
[14:01] {Threei} hmmm
[14:02] {Threei} I don't?
[14:04] {larisa} very nervous market
[14:05] {Threei} yes
[14:06] {Threei} not knowing what to expect, and afraid to assume unthinkable, and scared to be caught if it happens
[14:07] {Threei} so, periods of "they don't dare, let's buy everything in sight" interchange with "who knows, they might be just crazy enough, let's sell"
[14:07] {Threei} I'll be back in about 50 min guys, to see what last hour brings
[14:07] {dino} out mrx .30, +.30
[14:08] {_carson} dino u ever lose on a trade
[14:08] {_carson} u machine
[14:08] {dino} no smoking vad
[14:08] {dino} yes carson 4 stops
[14:09] {dino} wow mrx straight up
[14:09] {dino} and down
[14:27] {dino} mrx sm l .30 trig
[14:39] {dino} .
[14:47] {Threei} back
[14:47] {Threei} Long Setup: TZA .60 break
[14:55] {Threei} 1:1
[14:55] {Threei} half out
[14:55] {Threei} stop to .55
[15:04] {Threei} anyone is alive yet?
[15:04] {Threei} or I can go back t sleep?
[15:07] {dino} .
[15:10] {RonS} nuts, tza rinse
[15:10] {nemo} touched the bottom of the BB, that's it
[15:26] {dino} mbi spike
[15:28] {RonS} MBIA up on BAC settlement offer, resistance at $10.35, its 200-day MA 07/14 01:23 PM
[15:29] {Threei} MBIA Inc BoA said to have offered MBIA a settlement agreement over mortgage lawsuit; no agreement reached on the size of the settlement - financial press
[15:33] {Threei} larisa... if we sell off now, do I preserve the "know it all" title?
[15:34] {larisa} I think so :)
[15:34] {larisa} for now
[15:34] {Threei} I know, it's on review every day :)
[15:38] {dino} out mrx .55, +.25
[15:56] {Threei} ginishing at the lows
[15:56] {Threei} finishing too
[15:56] {dino} lol
[15:56] {Threei} I'll go home proud know-it-all
[15:56] {Threei} at least for the day
[15:56] {Threei} thank you all, have a good evening
[15:56] {Threei} see yo tomorrow
[15:56] {dino} we'll give you today, but forget about it tomorrow
[15:56] {Threei} no doubt :)
[15:57] {larisa} lol
[15:57] {larisa} 4 minutes. we can go positive :)
[15:57] {Threei} eeck
[15:57] {Threei} lol
[15:57] {Threei} I'll eat my whole computer if that happens
[15:57] {Threei} with keyboard, mouse and 4 monitors
[15:58] {Threei} heck, I'll throw in laptop

Jul 13 2011

Another boring day with not much to trade.

Session Time: Wed Jul 13 00:00:00 2011
[08:54] {nemo} GDX looks ripe
[08:55] {Threei}  for a break?
[08:56] {nemo} yeah...look what's going on with gold
[08:57] {nemo} would I be surprised to see pullbacks across the board on the open...no
[08:57] {nemo} but that one likely breaks the level, watch tzoo also
[09:03] {RonS} gm...anyone have the trading symbol for the europe vix, VSTOXX?
[09:04] {Threei}  morning ron
[09:07] {nemo} looks like GDX ain't waiting
[09:08] {nemo} tzoo either
[09:12] {dino} gm all
[09:12] {Threei}  dino :)
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa :)
[09:17] {larisa} vad :)
[09:25] {samire} gm
[09:26] {Threei}  samire :)
[09:26] {nemo} yep, GDX gone
[09:26] {Threei}  yes but pullbacks are the name of the game this morning
[09:26] {Threei}  for long entries
[09:26] {Threei}  GDX, probably 57.80 - 90 area
[09:27] {ese} morning.........hurts to type...spent almost all day yesterday tearing cabinets out of our rental property next door......
[09:27] {Threei}  SLW, not sure yet but want deep one
[09:27] {Threei}  ese :)
[09:29] {Threei}  (US) Fed's Rosengren: Govt austerity and continued weakness provides argument for need for easier policy stance
[09:30] {nemo} erts dump
[09:32] {ese} L apple covers .93
[09:32] {Threei} Short Setup: SLW  38
[09:32] {ese} sorry thats ZAGG
[09:32] {Threei}  break
[09:33] {samire} ok
[09:33] {Threei}  10 cents ranges from here
[09:33] {jfjf64} mornin
[09:33] {Threei}  .10 break
[09:33] {ese} out 1/2 .08 +.15
[09:33] {Threei}  1:1
[09:35] {Threei} Long Setup:  GLD  .70 break
[09:35] {nemo} gdx just running
[09:35] {ese} balance zagg stopped .93 .00
[09:36] {Threei}  stop for scalpers .64, day traders .59
[09:38] {Threei} Long Setup:  RIMM  .75 break
[09:38] {dino} a sm l .69
[09:38] {dino} stop .47
[09:40] {Threei}  invalidated
[09:40] {dino} bud sm l .50, stop .21
[09:40] {nemo} check erts, I'm short from .19, might drop again
[09:40] {Threei}  (US) Reminder: Fed Chairman Bernanke delivers semi-annual monetary policy report to House beginning at 10:00 ET (14:00 GMT)
[09:41] {Threei} Long Setup:  RIMM  .60 break
[09:41] {nemo} .52 pivot
[09:41] {samire} test
[09:41] {samire} internet
[09:41] {nemo} shorted more at .99
[09:42] {Threei}  invalidated
[09:42] {ese} L bud .48
[09:42] {Threei}  Two explosions heard in Mumbai, India
[09:42] {samire} is rimm still .60 ?
[09:42] {ese} sm as well
[09:43] {Threei}  no
[09:43] {dino} a stopped
[09:43] {jfjf64} mornin x2
[09:43] {Threei}  [09:42] {Threei} invalidated
[09:43] {Threei}  GLD rinse
Session Close: Wed Jul 13 09:45:18 2011

Session Start: Wed Jul 13 09:45:18 2011
Session Ident: #discussions
02[09:45] * Disconnected
02[09:45] * Attempting to rejoin channel #discussions
03[09:45] * Rejoined channel #discussions
[09:46] {ese} bud won't stop out
[09:46] {Threei} Long Setup:  RIMM  .40 break
[09:46] {ese} chrt pattern is a thing of beauty
[09:46] {Threei}  frikin GLD
[09:46] {nemo} watch IWM 83.75 level for tza long
[09:47] {_carson} anything work yet?
[09:47] {nemo} yeah
[09:48] {Threei}  change to .30 break
[09:48] {Threei}  stop under .20
[09:48] {Threei}  aggressive entry for .40 break which is much more powerful setup now
[09:48] {nemo} now ya tell me
[09:49] {nemo} if breaks .40 could add
[09:49] {Threei}  with potential to .60 at least
[09:49] {dino} adtn beats and drops
[09:50] {dino} sm l .75
[09:50] {Threei}  (US) Senate Majority Reid (D-NV): McConnell's debt limit solution proposal is interesting and unique
[09:50] {Threei}  what did he suggest?
[09:51] {RonS} too complicated to explain...
[09:51] {Threei}  forget about debt and borrow more, with firm promise never to repay?
[09:52] {nemo} he threw it in Obama's lap
[09:52] {Threei}  ***Reminder: On July 12th, Minority leader McConnell proposed to allow President Obama to raise the debt ceiling by $2.5T in three increments through the end of 2012. Congress could vote to disapprove each increment, but the president could veto its resolutions of disapproval, and the debt ceiling would then rise. The proposal is clearly meant to shift all the blame for raising the debt ceiling onto the president, and away from Republicans.
[09:52] {nemo} smart politically
[09:52] {RonS} ...but it gives prez authority to unilaterally raise ceiling
[09:52] {nemo} He's thinking 2012 elections
[09:52] {Threei}  no go RIMM
[09:52] {RonS} not gonna fly w/ house repubs...
[09:53] {nemo} I don't think it would with the dems either, they know it's a bullet in Obama's reelection head
[09:54] {Threei}  as far as political maneouvering goes, this is brilliant
[09:54] {nemo} yeah
[09:54] {RonS} bad, bad precedent
[09:54] {Threei}  if RIMM is a rinse, I am going to suffocate myself
[09:55] {RonS} Imperial President
[09:55] {Threei}  true Ron, but the other side of this coin is - do republicaans want to be responsible for US default?
[09:56] {Threei}  who knows who will win PR war of putting it on the other guy
[09:57] {Threei}  Reminder: Fed Chairman Bernanke's monetary policy testimony before Congress begins at 10:00ET
[09:57] {Threei}  - Bernanke will field questions about the state of the economy and will likely be asked about the potential for more quantitative easing or other stimulus action. Bernanke is expected to be more cautious about the economic outlook given recent data. He will likely be non-committal on the potential for any new stimulus, though the FOMC minutes released yesterday showed that all options are still being discussed.
[09:57] {Threei}  OK, not a rinse
[09:57] {Threei}  fair and squeare stop
[09:58] {samire} rimm is tanking
[10:01] {dino} spike
[10:01] {dino} whippy mkts today
[10:01] {samire} missed rimm on 1s
[10:01] {Threei}  can't believe it
[10:01] {Threei}  prepared alert:
[10:01] {Threei} Long Setup:  LVS  .05 break
[10:01] {Threei}  missed it by seconds
[10:02] {Threei}  no pullback for second chance
[10:04] {ese} god bless beer
[10:04] {Threei}  and damn scented candles?
[10:05] {ese} yes
[10:05] {RonS} ...and bacon...
[10:05] {ese} yes
[10:06] {dino} out bud .90, +.40
[10:07] {ese} out bud .90
[10:07] {dino} gj
[10:07] {ese} +.42
[10:07] {ese} tks dino
[10:07] {dino} np
[10:07] {ese} it's the old great minds deal
[10:08] {dino} lol
[10:08] {dino} been gap down opens on it lately
[10:08] {ese} ya 4 or 5 of them
[10:09] {dino} so we watch it
[10:09] {ese} yup
[10:11] {samire} look at gld
[10:11] {dino} a rinsed
[10:14] {RonS} puda halt...news pending
[10:14] {nemo} J Geils
[10:15] {RonS} luved that guy...what a fun band
[10:15] {nemo} what an icebreaker too:  "Geil" means "horny" in German
[10:15] {RonS} ...first i look at the purse...
[10:16] {RonS} no wonder they chanted sei geil...
[10:16] {nemo} They played the high school in the next town over in '77 outside, free concert..oy vay
[10:16] {samire} swc on 15s
[10:18] {ese} now thats cool
[10:19] {RonS} how 'bout commander cody & his lost planet airmen...
[10:19] {nemo} Yeah, forgot about them too
[10:20] {nemo} Then of course...The James Gang
[10:20] {samire} swc is working
[10:20] {RonS} ...stuck in the ozone again...
[10:20] {dino} arx l .99
[10:21] {RonS} dino think i read that arx speaks at conference at 1 edt
[10:21] {RonS} fwiw
[10:21] {dino} thx did not see that
[10:22] {samire} + .20 on swc
[10:23] {samire} quick
[10:23] {dino} wants .00
[10:23] {ese} ya know nemo....that finviz website is awesome....tks for puting me onto it
[10:23] {nemo} covers everything
[10:24] {nemo} fricking GDX
[10:24] {ese} does it ever
[10:24] {samire} super green today
[10:24] {_carson} what did u play
[10:24] {samire} swc
[10:25] {samire} on 15 minute chart
[10:25] {samire} and gld
[10:25] {RonS} dino, i was wrong...conference aerovironment not arx
[10:25] {_carson} got that $1000 all locked up samire ?
[10:25] {dino} ok
[10:26] {dino} stop is .89
[10:30] {RonS} quote of day:  fed re-investing maturities into stretchy yoga pants...w/ no jobs plenty of time for yoga...
[10:30] {Threei}  *(US) DOE CRUDE: -3.1M V -1.3ME; GASOLINE: -840K V +100KE; DISTILLATE: +2.9M V +200KE;
[10:31] {_carson} good or bad ?
[10:32] {RonS} guess good...oil still running...
[10:32] {samire} Vad......Tza on long watch  ????
[10:32] {Threei}  no
[10:32] {nemo} definitely not
[10:32] {nemo} spy likely to go to 133.12
[10:32] {RonS} samire wants to play chicken w/ freight train
[10:33] {nemo} IWM clear to 84.50
[10:34] {RonS} es futures net new trade +30k...indicates trend day...
[10:34] {RonS} sheesh just went 40k
[10:39] {dino}  out adtn .15, +.40
[10:40] {Threei} Short Setup: RIMM  .15
[10:41] {Threei}  stop above .25
[10:42] {dino} ugh adtn spiked another buck
[10:42] {dino} i am not hanging in long enough
[10:46] {dino} out swc .00, +.30 ty sami
[10:47] {Threei} Long Setup:  TZA  .40 break
[10:50] {samire} swc made my day
[10:50] {dino} arx stop -.09
[10:50] {_carson} it was .20 samire unless u went in share heavy
[10:50] {samire} ZAGG above 14.06 long
[10:51] {samire} 1000 shares
[10:51] {_carson} personally, if that makes your day then great ... but i think you should set ur targets higher imo
[10:52] {ese} am onto it samire
[10:54] {Threei}  no go RIMM
[10:55] {dino} adtn drop, pulp trade
[10:55] {dino} sm l .20 wide, risky
[10:55] {ese} I haven't traded adtn for a long time dino because it drove me nuts the way it trades......
[10:56] {samire} tza invalid ?
[10:56] {Threei}  for now
[10:56] {Threei}  can reestablish
[10:56] {samire} ok
[10:56] {dino} now you tell me
[10:57] {dino} something up, beat by .02
[10:58] {Threei}  (US) Fed's Bernanke: Current tax rates will not support entitlements at current levels, feels current fiscal trajectory may lead to higher interest rates - Q&A
[10:58] {Threei}  - Should take long term view on deficit, and take care not to hamper the recovery in the short term; reiterates tax code should be reformed and that the debt ceiling should be raised and must address fiscal situation
[10:58] {Threei}  - Notes that the Fed has thought about possible preparations assuming that Congress fails to lift the debt ceiling
[11:02] {RonS} coup?
[11:02] {ese} hmmmmmm
[11:03] {Threei}  lol
[11:05] {dino} out adtn -.40
[11:10] {Threei}  anyone went for TZA?
[11:10] {_carson} accidentally
[11:10] {_carson} but i was out flat
[11:11] {dino} adtn rinsed. thats 3 today. taking break
[11:15] {Threei}  (GR) IMF issues comment on Greece; expects public debt to exceed 170% by 2012 if plans are executed
[11:15] {Threei}  - Expects Greece to return to the markets by 2014
[11:15] {Threei}  - Sees debt as unsustainable through to 2020 due to program delays
[11:15] {Threei}  - Sees 2011 GDP forecast to -3.8% vs -3% forecast
[11:15] {Threei}  - Gap in financing expected at approx 105B through to 2014 - Notes that with private sector involvement it may not be possible to avoid a selective default
[11:16] {dino} default is coming, they are just getting as much as they can get before doing it
[11:16] {Threei}  exactly
[11:17] {Threei}  and that's what Greeks protest, as they well should
[11:17] {dino} they are taking advantage of the suckers
[11:17] {Threei}  default now and save what can be saved for the country
[11:17] {Threei}  as opposite to:
[11:17] {Threei}  givce away all you can and they want,
[11:17] {Threei}  and default anyway, but much poorer
[11:18] {jfjf64} dtop  lvs
[11:18] {jfjf64} watchin
[11:18] {dino} think about it, not collateraizing loans, so what the heck, grab $ while they can.
[11:18] {dino} if collateral was required germany would own greece
[11:19] {Threei}  Zeus would be very angry
[11:22] {ese} ya....the greeks had had enough of them after WW2
[11:22] {RonS} dino...how'd ya miss the ebix drop?
[11:23] {dino} dk
[11:23] {dino} think  fraud accusations on ebix last few weeks
[11:39] {samire} slow
[11:43] {Threei}  (GR) Greece PM Papandreou: Greece needs to get a second rescue package quickly, would be open to a bond buyback plan - German press
[11:45] {dino} lol
[11:46] {patience} good morning, sold gg, still have 800 shares slw, abx, taking some off the table
[11:48] {dino} www sm l .40
[11:48] {dino} stop .28
[11:56] {samire} lunch time
[12:03] {ese} pretty much a break out for every silver stock on the planet today
[12:22] {dino}  who unplugged mkt?
[12:22] {jfjf64} lol
[12:22] {Threei}  nemo tripped of a cord
[12:23] {Threei}  this drunken stumbling around...
[12:23] {nemo} Can I start?
[12:23] {ese} ya really....sheesh
[12:24] {ese} L svm .20
[12:25] {ese} L HL .43
[12:29] {dino} www stop -.12
[12:31] {ese} L svm avg .15
[12:37] {dino} ok, rinse #4 www
[12:39] {jfjf64} grrrrrrrr day
[12:40] {Threei}  be back in 20
[12:46] {dino} wtf www, stops and runs .50
[12:58] {Threei}  back
[12:58] {Threei}  didn't miss much eh
[13:00] {Threei}  *(GR) FITCH CUTS GREECE SOVEREIGN RATING TO CCC FROM B+; AS EARLIER SPECULATED; NOW OFF WATCH NEGATIVE
[13:00] {Threei}  market doesn't even react anymore
[13:00] {ese} ya ...look at that thing dino
[13:00] {dino} evep spike
Session Close: Wed Jul 13 13:01:34 2011

Session Start: Wed Jul 13 13:01:34 2011
Session Ident: #discussions
02[13:01] * Disconnected
02[13:04] * Attempting to rejoin channel #discussions
03[13:04] * Rejoined channel #discussions
[13:04] {Threei}  (SZ) SNB's Jordan: Concerned about recent developments; currently monitoring the EUR/CHF FX; there is more contagion risk if Italy becomes involved in the crisis
[13:04] {Threei}  - Notes the Swiss banking system has only limited exposure to the peripheral state's debt issues
[13:04] {Threei}  (US) Fed's Bernanke: Reiterates that the Fed needs to keep all options on the table for easing policy, more quantitative easing (QE) is one option
[13:04] {Threei}  - Reiterates that the US economy still requires a good deal of suppor.
[13:04] {Threei}  - USD is decline for many reasons, decline in the USD had contributed somewhat to higher energy prices
[13:05] {nemo} Hey Dino, whaddya' think of Loren Holly?
[13:06] {nemo} Lauren
[13:07] {dino} who is she
[13:07] {nemo} actress...think her break through was "Picket Fences" in the 90's
[13:08] {RonS} jim carry's ex...redhead w/ big 'uns...
[13:08] {dino} ahhh
[13:08] {nemo} yep
[13:08] {jfjf64} hhha
[13:09] {dino} adtn drop
[13:09] {dino} 35 strike in play
[13:23] {samire} Vad.....where to buy swc  ?
[13:24] {nemo} sell under .50
[13:26] {nemo} see that volume bar when it touched .50
[13:26] {nemo} .46 low of day though...could be two way, long above .56, give you .06 stop
[13:29] {Threei}  samire... I can't answer like this
[13:29] {Threei}  stock needs setup to become a play
[13:29] {Threei}  I see none in there
[13:30] {samire} in swc long
[13:38] {samire} go swc
[13:39] {dino} asys l .99
[13:40] {nemo} having connection problems today
[13:40] {nemo} might wan't to move your stop up sammy
[13:46] {RonS} cstr gap fill
[13:46] {ese} am outta here all.......more work to do ...cya tomorrow
[13:46] {dino} hes drop
[13:46] {RonS} cya ese
[13:47] {ese} still L HL/SVM    these are lookin like overnight holds ...we'll see at the end of the day
[13:47] {ese} later Ron
[13:47] {RonS} no news hes
[13:48] {dino} sm l .00
[13:49] {dino} stopped
[13:49] {dino} -.30\
[13:55] {dino} hes sm l .50
[13:55] {RonS} oil platform in the North Sea evacuated due to fire incident. $HES also operates in the North Sea Valhall field with a 28% interest.
[13:56] {RonS} bp platform
[13:57] {dino} ty
[14:01] {Threei}  (US) White House: President Obama does not support a constitutional amendment mandating a balanced budget
[14:01] {Threei}  - Reminder: US House Speaker Boehner (R-OH) had included the possibility of an amendment to be included in the negotiations as a condition for passing an agreement on the debt ceiling; pundits have anticipated that this condition will receive no democratic support, as Democrats claim it is an inflexible framework to handle Govt needs on crises, among other issues
[14:02] {RonS} ...like handing out favors for campaign funds...
[14:02] {nemo} giving away auto companies to the unions
[14:02] {Threei}  meanies'
[14:03] {RonS} feathering barney's boyfriend's nest
[14:03] {dino} lol
[14:07] {dino} out hes .75, +1.25
[14:08] {dino} hmmm
[14:12] {dino} .
[14:18] {dino} brfs spike
[14:18] {dino} not avail
[14:27] {samire} adbe
[14:27] {patience} watching gdx, slw and hgu for spike up from v shaped formation
[14:27] {patience} or maybe down more
[14:29] {dino} watching hes again, had noce trade on it
[14:29] {dino} nice
[14:33] {RonS} headline of the day:  An Austrian atheist has won the right to be shown on his driving-licence photo wearing a pasta strainer as "religious headgear".
[14:34] {RonS} rotflol
[14:34] {Threei}  can I move to another planet?
[14:34] {RonS} beam me up scotty...
[14:35] {dino} asys to flat
[14:35] {RonS} you should see the pic...the damn thing fits!
[14:40] {RonS} http://tinyurl.com/5wl4alc
[14:40] {RonS} lol...just got it...the bbc says it strains credulity...
[14:40] {RonS} those brits
[14:42] {RonS} classic op ed:  http://tinyurl.com/6yolxxl
[14:45] {RonS} McConnell proposal on debt limit prompts swift backlash from conservatives
[14:56] {Threei}  last line is a bit too optimistic, I am afriad
[14:56] {Threei}  Lucky for us, it appears more and more unlikely every day that we will have to suffer through a third term of Jimmy Carters.
[14:56] {Threei}  with current crop of republican candidates, I don't know about that
[14:56] {Threei}  amazingly unispiring bunch
[14:58] {RonS} granted, but it boils down to who is motivated, and who is disenchanted and choose to stay home...
[14:58] {_carson} getting no bounce out of LULU here
[14:58] {RonS} stopped using elastic in yoga pants/
[14:58] {Threei}  true...
[14:59] {Threei}  still, I would feel much easier if they had solid candidate
[14:59] {Threei}  as of today, it's a mix of boring and unelectable
[15:04] {dino}  need chritie or ryan
[15:04] {dino} christie from nj
[15:05] {Threei}  I liked Rubio very much of his couple TV appearanaces
[15:10] {dino} going to fill those open gaps?
[15:12] {dino} banks pushing to end tax exempt munis
[15:12] {Threei}  (US) House Speaker Boehner (R-OH): There is no guarantee that the debt limit will rise if there is no deal by August 2nd
[15:13] {Threei}  (GE) Helaba landesbank said to have withdrawn from the europe stress tests following an EBA rejection of its capital adjustment efforts - financial press
[15:13] {samire} is it time to buy tza
[15:13] {Threei}  (US) Treasury's Miller: Deficit negotiations are fluid, with President Obama supporting a large deficit plan; attitudes towards treasury securities are not much changed- Comments that the Treasury has not made any changes to its borrowing program, but want to increase TIPS to approximately 7% of debt program
[15:13] {Threei}  into such vertical spike??
[15:14] {Threei}  feeling a little suicidal today, samire?
[15:14] {samire} no
[15:14] {Threei}  pullback to 33 - 33.10 tange, then maybe
[15:14] {samire} i am up today
[15:15] {dino} going to fill those gaps
[15:16] {nemo} maybe not 131.75-.85 has some serious cnofluences
[15:16] {nemo} daily pivot quarterly pivot and 50 day
[15:21] {Threei}  looks like market shakes off complacency and starts realizing that it's possible they don't reach a deal
[15:22] {nemo} getting neutral going into the overnight
[15:30] {samire} 30 more minutes
[15:30] {samire} for the market
[15:31] {Threei} Long Setup:  TZA  .35
[15:31] {Threei}  if stays above .25
[15:32] {Threei}  if loses it, .10 zone is next consideration
[15:33] {_carson} k
[15:37] {_carson} not a good day today im afraid :(
[15:38] {dino} get over it by tomorrow
[15:38] {Threei}  about flat day
[15:39] {dino} up 600
[15:39] {_carson} nice dino
[15:39] {_carson} down about 270
[15:39] {samire} up 1400
[15:39] {dino} thanks to 1.25 on hes
[15:39] {dino} gj sami
[15:40] {_carson} gj samire. what did u play
[15:40] {samire} water falls
[15:41] {samire} low of the day bounces
[15:41] {_carson} got any tickers? if thats ok with you
[15:42] {_carson} yeah rinse on TXA now
[15:42] {samire} now watching ntap
[15:42] {_carson} TZA now .. great
[15:42] {dino} waterfall here on markets
[15:43] {dino} lost about 150 pts
[15:46] {samire} just made some money on ntap
[15:46] {samire} 2 minute chart
[15:47] {samire} i posted above
[15:48] {samire} u have to be quick in and out today
[15:49] {samire} small bounces today
[15:49] {samire} u have to adjust
[15:50] {dino} ssssssssssllllllllllllllaaaaaaaaaapppppppppppppp!
[15:50] {samire} is this a stock symbol ?
[15:51] {dino} :D
[15:51] {samire} ok long slap
[15:51] {dino} asys l .85
[15:56] {dino} wow close but no gap fill
[15:57] {_carson} samire. u play swc, ntap, mchp, kmx
[15:57] {_carson} what else?
[15:57] {Threei}  carson, what difference doesa it make?
[15:57] {Threei}  it' setups that win or lose, not symbols
[15:57] {_carson} trying to learn
[15:57] {dino} otex spike
[15:58] {_carson} i take winning charts and study them overnight to see what worked
[15:58] {_carson} and why it worked
[15:58] {Threei}  wrong thing to learn
[15:58] {Threei}  it's not like some symbols win and some don't
[15:58] {_carson} no but chart patterns would be similar
[15:58] {Threei}  yes
[15:58] {samire} carson.....how did u know ?
[15:58] {Threei}  which makes symbol list meaningless
[15:59] {_carson} ya but i can take the list and study the patterns
[15:59] {_carson} not love the symbol
[16:00] {Threei}  thank you all, have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {_carson} cya vad
[16:00] {dino} out asys ave .94, +.09
[16:01] {_carson} check ur pm samire
[16:01] {larisa} bye :)
[16:01] {_carson} top of browser...if u notice
[16:01] {dino} gn all, tee time in 30
[16:14] {_carson} oh
[16:14] {_carson} YUM
[16:14] {_carson} gapped up