May 20 2010

One of the best trading days in a while, rich in opportunities and readable enough to use many of them. Longs and shorts, a few scalps but mostly nice juicy moves, in many stocks: LVS, X, BP, BIDU and a few more.

Session Time: Thu May 20 00:00:00 2010

[08:29] {magoo} morn

[08:29] {Threei} mornng

[08:30] {strider} magoo, vad.

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 471K V 440KE;

[08:30] {Threei} strider :)

[08:30] {strider} :)

[08:30] {Threei} CONTINUING CLAIMS: 4.625M V 4.60ME

[08:30] {Threei} - Prior initial claims revised higher from 444K to 446K

[08:31] {Threei} Prior continuing claims revised higher from 4.627M to 4.665M

[08:31] {nemo} AWIAV?

[08:32] {Threei} lol

[08:33] {nemo} never know

[08:35] {magoo} how many days red we been now, anyone?

[08:35] {Threei} bounce topped on 5/12

[08:36] {magoo} but mkts red alot of days straight, correct?

[08:36] {nemo} 5

[08:36] {magoo} 8?

[08:36] {nemo} go to daily chart of spy

[08:36] {Threei} and, foreseing next question: todat is 5/20 {G}

[08:37] {magoo} whats todays date?

[08:37] {Threei} hehe

[08:37] {magoo} :)

[08:39] {dptl} good morning

[08:39] {Threei} dp :)

[08:43] {Les} bonjour messieurs et mesdames

[08:43] {Les} and nemo

[08:43] {Threei} Les :)

[08:44] {Threei} SP) Reportedly Spain government wants to approve new tax increases on wealthy in a fortnight - radio address

[08:51] {Threei} German 10-year Bunds European peripherals credit default swaps widen in session

[08:51] {Threei} - Greek 5-year CDS at 690bps, up 20 bps from Wednesday close

[08:51] {Threei} - Portuguese 5-year CDS at 310bps, up over 30bps from Wednesday close

[08:51] {Threei} - Spanish 5-year CDS at 200bps, up almost 20bps from Wednesday close

[08:53] {magoo} vad, is there news MA V?

[08:57] {Threei} Yesterday 17:30 V Spokesperson: CEO Saunders travels to Washington DC to meet with legislators on card fee amendment

[08:57] {Threei} that's all

[08:58] {Threei} TTIL Responds to media reports regarding potential transaction; currently in negotiations regarding a potential acquisition of all the shares of the Company (2.40, 0.00, 0.00%)

[08:59] {Les} nice gap down day. cool. a dino day

[08:59] {Threei} LVS Next Phase of COTAI STRIP Development on Track With Completion of $1.75 Billion Project Financing \

[09:03] {magoo} gap down gives us better chance trhan gap up..i agree

[09:03] {Threei} true

[09:03] {Threei} but which way? :)

[09:03] {nemo} rumor going around that the german short ban may be adopted across the eu

[09:04] {Threei} because it worked so well so far eh

[09:04] {nemo} of course

[09:04] {Threei} lol

[09:04] {Threei} if money flee germany for Swiss after ban,

[09:04] {larisa} gm :)

[09:04] {Threei} where does money go if ban becames pan-Europe?

[09:04] {Threei} larisa :)

[09:05] {Threei} hello another USD moonshot, good bye Euro, I'd guess

[09:05] {Les} hey hey hey who you calling Europe?

[09:05] {Les} all roads lead to switzerland

[09:05] {dino} gm all

[09:05] {Threei} dino :)

[09:05] {Les} for those that have money anyway

[09:05] {Threei} when ideology drives decision-making process...

[09:06] {nemo} I remember having a job interview in the early 90's and the woman was all gung ho on the EU. I said it would never survive. She looked at me as if I had two heads

[09:06] {RonS} howdy pards

[09:06] {Threei} well, to be fair to her...

[09:06] {Threei} ron :)

[09:06] {Les} hehehe

[09:06] {nemo} fair

[09:06] {nemo} what's fair

[09:07] {larisa} fair is when you get what you think you deserve :)

[09:07] {Threei} it's OK, I'll let Les finish that sentence for me {G}

[09:07] {dino} whats ironic is last summer and fall the talk was getting rid of us $ as reserve currency

[09:07] {Threei} no kidding dino

[09:07] {Threei} and we said no way

[09:09] {Les} seems jobless numbers behind this gap down

[09:10] {Threei} no, it was solidly in the red before

[09:10] {Threei} job numbers just deepened it

[09:11] {Les} ok

[09:12] {Threei} GE) German Bank Association Head: Short selling ban useless; it makes multinational solutions on regulation more difficult

[09:13] {Threei} politics: ah, he is a damn bankster, why listen to him

[09:13] {RonS} teva is catching a bid this a.m.

[09:14] {Threei} Yesterday 15:50 TEVA Announces Launch and Shipment of Generic Lipitor Tablets in Canada

[09:14] {Threei}

[09:15] {Threei} and upgrade by Standpoint this morning

[09:18] {Les} news IRE vad?

[09:19] {RonS} Category: what are these guys smoking: ECB's Trichet says recent events confirmed ECB policy approach; not engaged in "any form of quatitative easing".

[09:19] {shorty} morning all

[09:19] {Threei} shorty :)

[09:20] {Les} he's playing confidence game Ron. ECB said no sovereign debt purchases 6 months ago

[09:20] {Threei} not specifically Les, just general blabbing around Ireland and whole Europian situation

[09:20] {Les} now its debt to be sterilized

[09:20] {magoo} vad, stalking the usuals?

[09:21] {shorty} some comedy: http://www.youtube.com/watch?v=1gq7J71VsDM

[09:22] {Les} nothing funny about the truth shorty

[09:22] {Threei} I think so mags

[09:22] {RonS} ...it is really tragedy shorty...

[09:22] {Les} :D

[09:24] {dino} fdx, fcx, clf

[09:26] {lasertrev} good morning

[09:27] {Threei} ok, no opening plays, want to skip first minutes while it's hectic and unreadable

[09:27] {shorty} Threei, you should be happy. The loonie lost 2 cents this morning.

[09:27] {Threei} trev :)

[09:27] {Threei} I am

[09:27] {Threei} I'd be even happier seeing it back to .60

[09:27] {shorty} Those were the days.

[09:27] {Threei} now, before we open, let me treat you to this:

[09:27] {Threei} There was this language translating program early in the CIA computer experience, having got their translator to convert English to Russian, and back from Russian to English, they thought they'd give this application a trial.

[09:28] {Threei} The phrase they chose was 'The spirit is willing but the flesh is weak.'

[09:28] {Threei} They got back 'The vodka is good but the meat is rotten'

[09:28] {shorty} lol

[09:28] {Threei} EU) French Fin Min Lagarde: The EU remains united in its determination to defend the euro

[09:29] {Les} little wonder we didn't have World War 3 with translations like that

[09:30] {dino} ndx gap filled

[09:31] {Threei} Long Setup: LVS .60 break

[09:31] {RonS} ...slow tape...interesting and scary

[09:32] {Threei} if stays above .50

[09:32] {Threei} 1:1

[09:33] {strider} out +.12

[09:33] {Threei} 1:2, out

[09:33] {shorty} Missed it, on the phone.

[09:34] {nemo} I couldn't do it, I've been killed by LVS lately :)

[09:34] {Les} l IRE .86

[09:34] {Threei} CFTC's Gensler: Large volume of orders on May 6 could have confused algorithmic traders on liquidity

[09:34] {Threei} - aiming to review electronic trading platforms to determine whether there are market safeguards in place

[09:34] {Threei} - must ensure trading algorithns do not place a threat to fair markets

[09:34] {Threei} idiot

[09:35] {Threei} (US) SEC's Schapiro: Probing the shorting of ETFs, looking at whether market participants met their obligations during the "flash crash"

[09:35] {Threei} - Looking at consistancy in exchange "self-help" practices

[09:35] {Threei} - Notes she is "deeply concerned" about the effects volitile markets had on retail investors

[09:35] {RonS} nok broke 10

[09:36] {Threei} CME Chairman: Calls on authorities to re-evaluate market-wide equity circuit breakers, calls high-frequency trading an important part of the market - prepared Congressional testimony

[09:36] {Threei} - Warns that regulatory burdens on high-frequency trading may drive business to Europe

[09:36] {nemo} that's impressive LVS morning star followed by an evening star

[09:36] {strider} V strong

[09:37] {nemo} and volatile

[09:37] {Les} teva on this pullback vad?

[09:37] {Threei} crrrrrap

[09:37] {nemo} ?

[09:37] {Threei} was watching X for 47.80 break

[09:37] {nemo} wow

[09:38] {Threei} looked away for a fraction of second

[09:38] {nemo} shoulda' told somebody

[09:38] {Threei} wait for me, I need to go shoot myself

[09:38] {Threei} OK, back

06[09:38] * nemo slaps Threei around a bit with a large lead pipe

[09:38] {Les} out IRE +.13

[09:38] {Threei} ty

[09:38] {nemo} yw

[09:39] {Les} Vad teva .90 break out? or possibly break down?

[09:39] {Les} 2 way play

[09:39] {Threei} breakdown seems better way to me

[09:40] {Les} s .74

[09:40] {Threei} X

[09:40] {Threei} back down

[09:41] {strider} Laser 50% CPU

[09:41] {Threei} half lot long .85

[09:41] {strider} 35-50

[09:41] {Threei} if stays above .70

[09:42] {Threei} invalidated, modofication watch

[09:42] {Les} out teva +.10 ty

[09:42] {Threei} sure

[09:43] {Les} l x .51

[09:43] {Les} out +.11

[09:43] {Les} shit yyyyyyyyyyyyeh

[09:43] {strider} Laser freezing up again.

[09:43] {Threei} fine here

[09:43] {nemo} me too

[09:43] {Les} I feel the need, THE NEED FOR SPEEEEEED!

[09:43] {_york1} Good Morning

[09:43] {strider} few seconds at a time, then breaks free.

[09:43] {nemo} damn dialup

[09:43] {Threei} morning york

[09:44] {nemo} alas poor york

[09:44] {Threei} X is way too fast for timely call at the moment

[09:44] {Threei} possible to play, impossible to call

[09:44] {Les} on the sidelines now. waiting for something solid

[09:44] {nemo} have to go skype

[09:45] {nemo} x

[09:45] {Threei} don't even

[09:45] {nemo} :)

[09:45] {Threei} LVS on watch for a second play

[09:46] {dino} sm l fcx .01

[09:47] {nemo} nice one dino

[09:47] {dino} lucky

[09:47] {dino} up or down?

06[09:47] * nemo slaps dino around a bit with a large horshoe

[09:47] {dino} lol

[09:47] {nemo} oops

[09:48] {Threei} LVS, want to see a sharp drop

[09:48] {Threei} to at least .60 -.65

[09:49] {dino} ups sm l .04

[09:49] {strider} dcc trev

[09:50] {Threei} LVS got away this time

[09:50] {Threei} breakout was last thing opn my mind, honestly

[09:50] {Threei} just not a good risk/reward

[09:52] {strider} nemo, dcc

[09:52] {dptl} l sid .77

[09:52] {Threei} BP,

[09:52] {nemo} strider dcc

[09:52] {Threei} pullback to about .70 for long

[09:53] {nemo} I was thinking about rimm break of .10 but didn't like the .20 stop

[09:55] {shorty} Threei, ARUN. Slow though.

[09:56] {Threei} BP, a bit more

[09:57] {Les} teva .80 break

[09:57] {Les} ?

[09:57] {Threei} I doubt it

[09:58] {Les} ok

[09:58] {Threei} ok, BP, watch for stabilization and recross

[09:58] {Threei} synchoronize with SPY

[09:59] {strider} recross .80?

[09:59] {Threei} yes

[10:00] {Threei} this one no go

[10:00] {Threei} need anopther range

[10:01] {Threei} EU) EURO ZONE MAY ADVANCE CONSUMER CONFIDENCE: -18 V -16E

[10:01] {Threei} US) APRIL LEADING INDICATORS: -0.1% V 0.2%E

[10:03] {dptl} stopped sid -.10

[10:04] {Threei} where did you get that SID...

[10:04] {dptl} .77

[10:04] {Threei} not what I mean, lol

[10:04] {Threei} just some strange play, totally out of character of the market at the moment

[10:05] {nemo} wow v

[10:05] {dptl} looked ok consol. and then broke

[10:05] {Threei} yes... but is it a breakout market?

[10:06] {dino} out fcx .clf sm l .75

[10:07] {shorty} looking at UPS dino, I am not in, but nice one.

[10:07] {dino} ty

[10:07] {dino} fcx out was .65, +.64

[10:07] {larisa} it was perfect entry on FCX

[10:08] {nemo} bounce right at pivot support

[10:08] {shorty} I picked a bad morning not to follow you. I had good reason, I have to leave soon.

[10:08] {dino} out ups .44

[10:08] {dino} +.40

[10:09] {dino} clf stopped -.31

[10:09] {Threei} TM US auto safety official: no evidence of continuing accelearation problems after fix

[10:09] {Threei} like I said... they throw stuff at the ewall and see what sticks

[10:10] {Les} bp has that sinking feeling

[10:10] {Les} get it? sinking...

[10:10] {dptl} xlnx?

[10:10] {Threei} market seems to be preparing for breakdown and whoosh

[10:10] {jfjf64} met s

[10:11] {Les} breakdown and woosh as in bounce?

[10:11] {Les} or whoosh down?

[10:11] {Threei} down

[10:11] {jfjf64} hold .65

[10:11] {Threei} that's the toilet sound

[10:11] {dino} lol

[10:11] {jfjf64} 5 min

[10:12] {nemo} s .48 jf?

[10:12] {jfjf64} y

[10:12] {jfjf64} lv trend line

[10:13] {dptl} xlnx?breakdown?

[10:13] {Threei} no idea

[10:13] {nemo} got outside inside Bollingers now jf

[10:13] {dptl} short xlnx .59

[10:13] {Les} ditto dp

[10:14] {dino} lod

[10:14] {jfjf64} yeahhhhhhhhhhhhhhhhhhh

[10:15] {dptl} out +.10

[10:15] {shorty} That was fun. TY dptl

[10:15] {Threei} MET's nice too

[10:15] {jfjf64} +14 met

[10:16] {jfjf64} nemo ya with me

[10:16] {Threei} cool beans... I throw in next market direction, you find plays

[10:16] {nemo} yep, ty

[10:16] {Threei} see the woosh? hear the woosh?

[10:16] {nemo} feel the whoosh, be the whoosh

[10:16] {Threei} lol

[10:16] {jfjf64} sellllllllllllllllllllllllll

[10:17] {nemo} you mean buy

[10:17] {nemo} ?

[10:17] {Threei} it's far from over

[10:17] {Threei} little bounce, then another leg down

[10:17] {Threei} btw, for scalp type I players, see TZA,

[10:17] {Threei} inverted ETF

[10:18] {Threei} long on market breakdowns

[10:18] {jfjf64} look at met

[10:18] {dino} who is john galt?

[10:18] {Threei} MET is a beaut

[10:18] {jfjf64} im a dope

[10:18] {nemo} why?

[10:19] {jfjf64} sold to early

[10:19] {Les} out xlnx +.18 nice score dp ty

[10:19] {magoo} V wont fa;ll

[10:19] {dptl} :)

[10:19] {Threei} wtg guys

[10:19] {dino} gj

[10:19] {Les} wow teva cliff dive

[10:20] {strider} out BP short cover +.20 +.30

[10:20] {nemo} wonder if they'll be hitting the circuit breakers today :)

[10:21] {Threei} wtg strider

[10:21] {strider} ty:)

[10:21] {Threei} who outtaxes whom:

[10:21] {Threei} (US) Congressional Democrats propose $0.08 increase in oil spill fee

[10:21] {Threei} - Reminder: on 05/12 the US administration proposed a tax increase of $0.01/bbl on US oil to bolster fund for oil spill clean up operations; would raise tax to $0.09 from current $0.08/bbl tax.

[10:21] {dino} fdx sm l .tax tax tax

[10:22] {dino} .00 fdx sm l

[10:24] {nemo} oh boy, hitting the double diamond slopes now

[10:25] {dino} b=day

[10:25] {nemo} ?

[10:25] {dino} -317

[10:25] {nemo} look at the vix

[10:25] {strider} V holding

[10:25] {dino} fcx sm l .65

[10:26] {nemo} yeah, watch that be a bull flag

[10:26] {nemo} dino, fcx probably dropping to 62.80 or so

[10:27] {dino} thx

[10:27] {larisa} good way to boost confidence after dino already entered :)

[10:28] {dino} :O

[10:28] {larisa} lol

[10:28] {nemo} having said that, lotta' volume came in on the spy so, maybe a bottom

[10:29] {nemo} Lari, I don't think Dino has issues with confidence

[10:29] {Threei} temporary at least, seems to be here, yeah

[10:31] {dino} giddy-up time

[10:31] {Threei} GE) German Fin Min: Need orderly insolvency procedure for member States

[10:31] {Threei} - Cannot have an EU aid package everytime

[10:32] {Threei} (GR) IMF: It could take some time before the markets understand Greece measures are credible

[10:32] {Threei} - notes that the current level of the Euro is not a problem (related EUR/GBP EUR/USD NBG EUR/JPY EUR/GBP EUR/CHF )

[10:33] {shorty} Threei, am I able to test out Laser? Demo version.

[10:33] {nemo} yeah, but it's not real-data

[10:33] {Threei} ask lasertrev

[10:33] {strider} yes, real data

[10:34] {Threei} GE) German SPD opposition party: Planning to abstain from vote on Euro bailout package tommorow

[10:34] {shorty} Threei, do you know if the 25k rule applies to us Canadians?

[10:34] {Threei} no

[10:34] {shorty} ok thanks.

[10:34] {Threei} unless you trade via US-based broker

[10:35] {shorty} I am right now.

[10:35] {Threei} then it depends on their status

[10:35] {Threei} retail broker will aply 25K rule, prop will not

[10:36] {dino} ups sm l .75

[10:36] {shorty} Will see you guys in a bit.\

[10:36] {Threei} EU) ECB's Stark: Should not use monetary policy tools to deal with financial stability problems

[10:36] {Threei} - german ban on naked shorting was intended to show that the Govt was taking action, not surprised by market reaction

[10:37] {Threei} by what reaction?

[10:39] {Les} widening spreads on debt I guess

[10:39] {Threei} so how's the first half of sentence connecting to second?

[10:40] {Threei} ban on naked shorting was intended to show that the Govt was taking action

[10:40] {Threei} OK, govt took action

[10:40] {dino} out fcx flat

[10:40] {Threei} not surprised by market reaction

[10:40] {Threei} on negatuive side?

[10:40] {Threei} so govt failed to show anything?

[10:40] {Threei} shrug

[10:40] {Les} are the soundbites related, or is reuters just taking bits of a speech and mixing them togethor?

[10:44] {Threei} Long Setup: LVS .25

[10:44] {Threei} if stays above .15

[10:46] {strider} inval?

[10:46] {Threei} 1 cent...

[10:46] {Threei} discretionary

[10:47] {magoo} in

[10:47] {Threei} not a scalp for me

[10:48] {magoo} im with ya

[10:48] {Threei} ok, then the plan is:

[10:48] {Threei} half out between .35 and .40

[10:48] {Threei} 1/4 around .45

[10:48] {Threei} and last piece for something like .60

[10:49] {Threei} stop is still under .15

[10:50] {dino} whr sm l .86

[10:54] {Threei} 1:1 for scalpers

[11:00] {dino} whr stopped

[11:04] {magoo} vad, LVS taking a long time here..thoughts?

[11:04] {Les} someone kick this scumbag of a casino

[11:04] {Threei} no thoughts

[11:04] {Threei} just letting it resolve

[11:04] {Threei} whichever way it chooses

[11:05] {Threei} it hit .36 for scalpers

[11:05] {magoo} i knew u say that

[11:05] {Threei} it didn't hit neither target or stop for, ummm... let's call them inwestors

[11:05] {Les} slowly negotiating 50 ma lvs

[11:06] {Les} you wanna tighten stop to .20?`

[11:06] {dino} ctrp sm l .53

[11:07] {Threei} first target hit fir inwestors

[11:07] {Threei} for

[11:07] {Threei} 1/2 out

[11:08] {Threei} and now yes, stop to under .20

[11:08] {Threei} TTIL Israeli press reports TTIL could get an offer in the $50-60M range

[11:08] {Threei} - Reminder: earlier today TTIL confirmed it was in takeover talks

[11:10] {Threei} by the book stop can be trailed to b/e at this point

[11:11] {dptl} pgn?

[11:11] {Threei} see 11:06, bottom of the bull flag

[11:12] {Threei} that resolved into long green bar

[11:13] {Threei} not sure about PGN

[11:14] {dptl} l chs .01

[11:18] {Threei} CNBC: Democrats claiming they have a deal on financial reform with votes necessary for cloture

[11:19] {Threei} that's why mr. Reid voted against his own motion yesterday?

[11:23] {Threei} sheesh BP

[11:24] {larisa} is sheesh opposite to whoosh ?

[11:24] {nemo} no

[11:24] {larisa} oh

[11:24] {shorty} Back, anything good?

[11:24] {magoo} RIG now too

[11:26] {Les} sm l v .02

[11:28] {Threei} second target hit

[11:29] {Threei} 1/4 more put

[11:29] {Threei} no more trailing for now, stop for the last piece is still b/e

[11:30] {Threei} who deserves a title Patient Inwestor today, raise your hands

[11:30] {strider} does an InEaster count?

[11:31] {Threei} hmmm

[11:31] {Les} I sold lvs long time ago

[11:31] {Threei} I need to give it some thoughts, but that usually provokes migraines

[11:31] {Les} out v +.31

[11:32] {magoo} out high .40's vad TY

[11:32] {Threei} welcome sir

[11:33] {nemo} Interesting, bot the Qs and SPY bounced at pivot S3

[11:34] {dptl} out chs +.05 scrud up a bit

[11:38] {Les} do I get 'slightly patient investor' award for selling too soon?

[11:38] {strider} was +.12 on CHS. thanks dp

[11:38] {dptl} :)

[11:40] {shorty} SPLS Threei?

[11:40] {Threei} water torture stock

[11:40] {shorty} lol

[11:41] {Threei} Les... investor? what's that?

[11:41] {Threei} closest thing we have here is inWestor

[11:42] {Les} oh? I'm not in the loop on this joke...:(

[11:43] {Threei} it's easy

[11:43] {Threei} we don't believe in investing, and we need to give some name to what lies beyind our usual scalping patience

[11:44] {Threei} - Administration is seeking to keep language on derivatives broad enough that the major banks could move the business to a subsidiary without completely exiting the business.

[11:44] {Threei} ahha

[11:44] {Threei} reform without reform

[11:44] {Threei} that'll work well

[11:45] {nemo} Potemkin reforms

[11:45] {Threei} sheesh

[11:45] {nemo} ?

[11:45] {Threei} took words out of my mouth

[11:45] {nemo} :)

[11:45] {Les} potemkin reforms. don't know this phrase. meaning what?

[11:45] {Threei} I was just typing Potemkin village

[11:45] {RonS} Mandy?

[11:45] {nemo} scary ain't it

06[11:45] * nemo slaps RonS around a bit with a large Russian History Book

[11:45] {Threei} http://en.wikipedia.org/wiki/Potemkin_village

[11:46] {RonS} i know...:D

[11:46] {dptl} lol nemo

[11:46] {nemo} now....about Catherine and the horse....

[11:46] {Les} aaaaah. was thinking of the battleship potemkin...

[11:47] {RonS} http://www.mandypatinkin.org/

[11:47] {Threei} lol

[11:47] {nemo} that guy can never stay in a TV series more than 2 years

[11:47] {Threei} great actor btw

[11:47] {nemo} yes

[11:48] {Threei} ok, last part LVS, still same stop

[11:48] {Threei} still same target

[11:48] {Threei} no risk at all at this point, playing with house money

[11:49] {Threei} chart lost clarity,

[11:49] {dino} out fdx .77, +.77

[11:49] {Threei} no read at all, simply letting it play out since risk is zero

[11:49] {Threei} wtg dino

[11:49] {dino} took awhile

[11:50] {strider} dino, you lucky guy.

[11:50] {Threei} good things usually do

[11:50] {Threei} Denmark PM Rasmussen: no plans for a Danish referendum on Euro entry before Nov 2011

[11:50] {Threei} lol

[11:50] {Threei} translation: if Euro still exists then, we will see aboput that

[11:53] {dptl} hpq short?

[11:53] {dptl} ah to late

[11:54] {Threei} well

[11:54] {Threei} stop would have to be above .10

[11:54] {dptl} ye

[11:54] {Threei} just wait for it to return to trigger, or cut shares a bit

[11:54] {Threei} setup is 'valid

[11:54] {Threei} here it is again

[11:55] {dptl} in .99

[11:55] {Threei} it follows market in a lockstep, so borader market will decide the fate if this one

[11:55] {Threei} broader too

[11:56] {Threei} looks good, and I would treat it as a day trade

[11:56] {Threei} not a scalp

[11:56] {Threei} partial around 1:1

[11:56] {nemo} support at .85

[11:56] {Threei} trail stop couple cents above breakeven

[11:57] {dptl} out some +.10

[11:57] {Threei} last bounce topped at 46.02, so stop would be .03

[11:58] {Threei} let it trade, IMO

[11:58] {Threei} bid 1/4 more around .82

[12:01] {Threei} next leg down is coming

[12:02] {Threei} stay alert for the whoosh sound

[12:03] {Threei} which is opposite to sheesh sound

[12:03] {Threei} there

[12:03] {Threei} 1/4 more out

[12:03] {dptl} all out .79

[12:03] {Threei} last portion is closer to .70

[12:04] {Threei} you are not a patient inwestor, dp

[12:04] {Les} sweet stuff dp. late to the party, but out +.16.^

[12:04] {dptl} :)

06[12:04] * Threei slaps dptl around a bit with a large dose of patience in a bottle

[12:04] {shorty} I am patient, still waiting on an entry.

[12:04] {Threei} huh?

[12:04] {nemo} patience?

[12:05] {dptl} lol...

[12:05] {Threei} entry was 46 breakdown

[12:05] {nemo} she's in Thailand, or China

[12:05] {Threei} speaking of patience, she should have been returned yesterday

[12:05] {nemo} maybe the enveloped

[12:06] {Threei} been returned?

[12:06] {nemo} bastardization of "eloped"

[12:06] {Threei} give me a credit for excpetional ability to screw up the setence beyond all recognition

[12:06] {nemo} yeah, congrats

[12:06] {Threei} ty

06[12:06] * Threei takes a bow

[12:07] {shorty} lol

[12:08] {Threei} so, Mexican president pushes US Congress for comprehensive immigration reform, and bashes Arizona law

[12:08] {Threei} what's wrong with this picture...?

[12:12] {Threei} X

[12:12] {Threei} half lot play

[12:12] {Threei} short .75

[12:13] {Threei} if stays below .85

[12:15] {Threei} 1:1

[12:15] {Threei} nice and easy

[12:15] {strider} out +.12

[12:15] {shorty} ty Threei

[12:15] {Threei} HPQ last target hit

[12:15] {Threei} out in full

[12:15] {Threei} X1:2, out in full

[12:21] {Threei} you all fell asleep?

[12:21] {shorty} Not yet

[12:21] {Threei} {--- looking for an excuse to do the same

[12:22] {shorty} Are you trading on Monday Threei?

[12:23] {Threei} why wouldn't I?

[12:23] {shorty} Just wondering, being the long weekend.

[12:23] {Threei} what religion forbids trading on Mondays?

[12:23] {nemo} Isn't that next week?

[12:23] {shorty} For the US

[12:24] {nemo} Memorial Day is the 31st

[12:24] {Threei} May 31 Memorial Day Closed

[12:25] {Threei} May 24 is usual trading day

[12:26] {shorty} Thought I would plan my trading and family time on Monday.

[12:28] {Threei} even news slowed down to a crawl

[12:28] {Threei} 15 min, no single headline

[12:30] {Les} BP on watch for 45 b/d

[12:30] {Threei} AMTD Hearing customers currently unable to access online accounts (17.84, -0.57, -3.10%)

[12:30] {Threei} 45??

[12:31] {Threei} les... are we in the same universe? :)

[12:31] {nemo} 200 ma vad

[12:31] {Les} The latest glimpse of video footage of the oil spill deep under the Gulf of Mexico indicates that around 95,000 barrels, or 4 million gallons, a day of crude oil may be spewing from the leaking wellhead, 19 times the previous estimate, an engineering professor told Congress Wednesday

[12:31] {Les} why?

[12:31] {nemo} Vad.....remember who you're talkin' to

[12:31] {Les} not a setup

[12:32] {Les} just watching for 45 b/d. 45 is also 200ma support.

[12:32] {Threei} stock being 20+ cents from there, surely you can find better entry than that

[12:32] {Les} aaaaaaaaah

[12:33] {Threei} plus absence of qualifier folr how it gets there

[12:33] {Threei} makes whole thing kind of useless theoretical exercise

[12:34] {Threei} and yes nemo, I know Les is Martian

[12:34] {shorty} See you guys. Picking up family at airport. Hopefully I can be here for the close.

[12:34] {Les} I'm good for the day. BP breakdown of 45 would constitute icing on cake. IMO, BP is going down

[12:34] {Threei} but still, setups should be uniform across known Universe

[12:34] {Threei} take care shorty

[12:34] {Les} oh piss off the pair of yous :)

[12:35] {nemo} frickin' sheila

[12:35] {Threei} hmmm... one could have thought they were rude on mars

[12:35] {Threei} but then, fern is from Mars too and he is the nicest guy possible

[12:35] {nemo} Men are from Mars Vad (Les is from Venus)

[12:35] {dptl} lol

[12:36] {Threei} I'll refrain from comments

[12:36] {Threei} you tweo duke it out

[12:36] {Les} lol

[12:37] {Les} you lookin for a frikkin flaming war are you NEMO!!!!!!!!!!!

[12:37] {Threei} lol, as far as I know nemo - always

[12:37] {RonS} Les going dawg

[12:38] {Threei} BP started forming something

[12:38] {Les} ain't what I was looking for, but I'll take it. .25 break?

[12:38] {Les} crap

[12:38] {Threei} .25 break ruins short setup,

[12:39] {Threei} whether it froms long one, not so sure

[12:39] {Threei} let's wait for a bit,, unclear moment for the market overall

[12:39] {Threei} I am niot ready to switch to longs yet here

[12:40] {Threei} but dontrend line is on the verge of being broken

[12:40] {Threei} downtrend

[12:42] {Threei} Long Setup: X .50 break

[12:42] {Threei} if stays above .35

[12:43] {Threei} also,

[12:43] {Threei} IF market spikes sharply while X is still here,

[12:43] {Threei} grab it aggressively

[12:44] {Threei} (GE) Germany Chancellor Merkel and France PM Sarkozy have agreed to jointly prepare for the EU and G20 meetings

[12:44] {Threei} writing cheatsheets for each other?

[12:44] {nemo} What are they going to do, dress each other

[12:44] {nemo} invalumidated

[12:44] {Threei} X invalidated for now

[12:45] {Threei} not off the radar though

[12:45] {Threei} some modifcation may be in order

[12:45] {Threei} also, BP sharp pullback

[12:46] {magoo} nice move LVS

[12:47] {Threei} OK, marlet more and more looks like getting ready for an upward thrust

[12:47] {Les} ?

[12:48] {Threei} which part?

[12:48] {Les} up

[12:48] {Threei} what about it?

[12:48] {Les} nothing

[12:48] {Les} i just got hammered on bp

[12:48] {Threei} look at SPY 1 min

[12:49] {Les} seen

[12:49] {nemo} quasi inverted H&S\

[12:49] {Threei} if holding above .30 and breaks .50, sets a stage for a trend change

[12:49] {Threei} and why were you in BP in a first place??

[12:49] {Les} good question

[12:51] {Threei} loss of .30 for SPY invalidates long

[12:51] {nemo} loss, capitualation

[12:51] {Threei} not sure

[12:52] {Threei} just no ternd change yet

[12:52] {Threei} trend either

[12:52] {dino} feels like they want the 10k strike

[12:54] {Les} selling vol bp

[12:55] {Threei} US) US President Obama to formally announce new fuel effeciency standards in announcement scheduled for tommorow

[12:55] {Threei} - Note: Last year the Adminstration set standards at 27.3MPG to take effect on 2011 models

[12:55] {Threei} GE) ECB's Wellink: Germany should have consulted other countries on naked short selling ban

[12:55] {Threei} yeah, how dare you do something in your country without asking us

[12:57] {dptl} unm?

[12:58] {Threei} don't know UNM'

[12:58] {Threei} major support on daily

[12:58] {Threei} don't likel conflict between timeframes

[12:59] {dptl} yes was holding well ,but now broke...was thinking long

[13:00] {dptl} well.... back to waching movie :)

[13:00] {dino} 5/6 lows 9869, 1752, 1065

06[13:01] * Threei send dp a bag of popcorn

[13:01] {dptl} lol...thanx

[13:02] {Threei} Long Setup: X on pullback to .50

[13:02] {Threei} as close to it as you can get

[13:02] {Threei} half lot

[13:02] {Threei} .35 stop

[13:05] {Threei} didn't give us a chance...

[13:15] {dino} sm l fcx .50

[13:18] {dino} fdx sm l .75

[13:23] {nemo} indices running up 200 ma, that's been the resistance all day

[13:25] {Threei} bounce occured without setup I could read

[13:26] {Threei} oh well

06[13:26] * strider slaps Threei around a bit with a large pair of reading glasses

[13:26] {Threei} those may be handy

[13:28] {magoo} WOW

[13:28] {dino} took awhile, out ups .20, +.45

[13:28] {nemo} what mags

[13:31] {magoo} just the power of the bounce

[13:31] {magoo} right when death was upon us all

[13:33] {Les} IB or java crapped itself. I think its IB. had to reboot. not cool. fat finger strikes again...

[13:33] {Les} with that huge drop, IB starting getting sloppy again

[13:37] {Threei} well, imagine 2008 fall trading

[13:37] {Threei} with 600-700 points ranges, lol

[13:37] {nemo} I remember

[13:37] {Les} was Laser up to the task?

[13:38] {Les} how goes the new laser now?

[13:38] {nemo} rig weak in this rally

[13:38] {Les} asked Trev for a demo pass

[13:38] {dino} out fcx .25,

[13:39] {dino} +.75

[13:39] {Threei} wtg

[13:39] {Les} sweet

[13:39] {Threei} laser was fine

[13:39] {dino} thx

[13:39] {Les} well happy to learn now and be ready for next bout of big volatility

[13:44] {strider} Got to run a few errands, guys. See you before the close, I hope.

[13:47] {dino} out fdx .out fdx .40,

[13:47] {dino} +.65

[13:49] {Les} ciao st

[13:49] {dino} cya strider

[13:49] {Threei} lol dino

[13:49] {Threei} neverending story eh

[13:54] {Threei} BIDU

[13:54] {Threei} watching for long on 68 break

[13:55] {Threei} half lot,

[13:55] {Threei} want to see a range forming close enough for a tight stop

[13:55] {Threei} so far support is .80 - .85

[13:56] {Threei} invalidated for now

[13:56] {Threei} not off the radar

[13:58] {Les} damn missed RIG .50

[13:58] {Les} but caught BP short at .93

[13:59] {dptl} fl?

[14:00] {Threei} I doubt it

[14:00] {dptl} ok ty

[14:01] {Threei} General Electric Co US Defense Sec Gates: President Obama supports the threat of veto against the second GE engine for F-35

[14:01] {Threei} - Note: Rolls Royce and GE both have submitted possible engines for the F-35 aircraft; with some legislators supporting the use of both despite increased costs

[14:01] {Threei} what a werid story

[14:02] {dptl} exh short?

[14:03] {dptl} short .29

[14:04] {dptl} stop above .40

[14:06] {Les} cover bp +.28

[14:07] {Threei} 50/50 dp

[14:07] {Threei} where do you find all this weird stuff

[14:07] {dptl} scanner

[14:08] {Threei} what scanner?

[14:08] {Threei} laser's?

[14:08] {dptl} dbi

[14:09] {Threei} INTC CEO: Expects Google TV to drive a multi-million chip opportunity for Intel - CNBC inteview

[14:09] {Threei} - Reiterates Intel already has over 1M orders for chips to be used by the Google TV product

[14:11] {dptl} stopped

[14:11] {dptl} -.12

[14:12] {Les} laser has scanner? cool

[14:12] {nemo} Hi patience!

[14:12] {patience} hey, how's trading?

[14:13] {Threei} PATIENCE!!

[14:13] {Threei} welcome back!

[14:13] {patience} vaddy!!

[14:13] {patience} good to be home, spent the last week in downtown Bangkok

[14:13] {nemo} oy vay

[14:13] {Threei} sheesh

[14:13] {Threei} talk about timing

[14:17] {magoo} L bidu .98

[14:18] {dino} market wants green close

[14:18] {Threei} lol

[14:19] {nemo} right

[14:19] {Threei} it may want whetever, not going to happe

[14:20] {Les} l bp 45

[14:20] {Threei} tough one mags

[14:20] {Threei} entry into spike

[14:23] {dino} fxe rocking(euro)

[14:24] {Threei} half out mags

[14:24] {Threei} BIDU

[14:24] {Les} nice

[14:26] {magoo} out full ty vad, nce easy

[14:26] {dino} ctrp sm l .40

[14:32] {magoo} weird, mkt feels strong BUt its crushed 250 points

[14:33] {Threei} it hasn't crashed... it made a planned orderly retreat to prepared in advance positions

[14:34] {magoo} rushed not crashed

[14:34] {magoo} crushed

[14:34] {magoo} crushed

[14:34] {Threei} dp, stop pouring vodka for him

[14:35] {dino} magoo, thats because we are in day 3 of 1 now

[14:35] {magoo} huh?

[14:36] {magoo} 3 of 1?

[14:39] {Threei} Senate begins procedural cloture vote on financial reform bill; 60 votes needed to end debate and move bill forward

[14:39] {Threei} EU) IMF's Strauss-Kahn: Europe's house is not in order, but also does not believe Euro Zone risks are exploding

[14:39] {Threei} - highlights that a common currency cannot exist unless budget decisions are made together

[14:39] {Threei} there

[14:39] {Threei} key words are finally spoken

[14:39] {Threei} was is that hard to admit?

[14:42] {dptl} mwv break?

[14:42] {Les} not sure he's admitting

[14:42] {Threei} probably, yes

[14:42] {Threei} - follow up: Senator Brown (R-MA) flips vote to yes; voting continues

[14:42] {Les} but daring to suggest to parliaments

[14:42] {Threei} this les:

[14:42] {Threei} common currency cannot exist unless budget decisions are made together

[14:43] {dptl} missed

[14:43] {Threei} it was one of my major peevees with whole concept of Euro

[14:43] {Les} aah

[14:43] {Les} sounds like economist suggesting to politician what needs to be done

[14:43] {Threei} you have common currency but members have separate policies?

[14:43] {Threei} good luck with that

[14:44] {Threei} so next question is: can you unify policies?

[14:44] {dptl} long .85 mwv

[14:44] {Threei} no chance in hell

[14:44] {Les} voilà

[14:44] {Threei} ergo - EMU is stillborn

[14:44] {Les} Germans and Greeks agreeing?

[14:44] {Les} never

[14:44] {dptl} stop under .75

[14:44] {Threei} of course it's mor complicated than that,

[14:44] {Threei} but to put it succinctly...

[14:46] {larisa} but now Greeks are thinking about cutting down government payments to chronic alcoholics who do not want to get treatment :) so.. first step!

[14:46] {larisa} this country fascinates me

[14:47] {Threei} no way larisa

[14:47] {Threei} not going to happen

[14:48] {larisa} alcoholics will still get minimum wage just for drinking ? moving to Greece then

[14:49] {Threei} yes, and govt will additionally finance stuff to deliver drinks to them, taking away empties etc,

[14:49] {larisa} TSL is making earnings run

[14:49] {dino} greece was like a club med

[14:49] {nemo} quite the range today

[14:50] {Threei} BIDU is where I wanted to sell in full

[14:50] {Threei} but magoo didn't wait for me

[14:50] {Threei} that hurts

06[14:51] * Threei slaps magoo around a bit with a large frozen trout withj jagged edges

[14:51] {dino} nasty

[14:51] {Threei} that's my middle name

[14:52] {Threei} watching BP for short

[14:52] {magoo} and some scalpers regrett sauce plwease

[14:53] {Threei} Short Setup: BP 45 break if stays under .10

[14:53] {dino} we're going green

[14:53] {Les} v might run. ma is up

[14:53] {dptl} out mwv +.10

[14:53] {Threei} *(US) US SENATE VOTES TO END DEBATE; CLEARS WAY TO VOTE FOR FINAL PASSAGE OF FINANCIAL REFORM BILL

[14:54] {dptl} in bp

[14:54] {dptl} .98

[14:54] {Threei} not a scalp

[14:56] {Threei} bid half .88 or so

[14:56] {Threei} 1:1

[14:56] {Threei} hit

[14:56] {Threei} half out

[14:56] {dptl} half out

[14:56] {dino} out ctrp .95, +.55

[14:56] {Threei} stop to just abive 45

[15:00] {nemo} geez dino, you said we're going green and the market did an about face

[15:00] {nemo} Anyway, I'm off c u in the morrow. Get some sleep Patience

[15:00] {Threei} take care nemo

[15:00] {larisa} bye nemo, we are going green..

[15:01] {Threei} you mean now that he left?

[15:01] {nemo} not gone yet

[15:01] {nemo} now I'm gone

[15:01] {larisa} he always waits for me to say good bye

[15:01] {Threei} ok, NOW we are going green

[15:03] {Threei} BIDU

[15:03] {Threei} short half lot .90 break

[15:05] {Threei} (UK) UK PM Cameron: It is in the UK's interests for the Euro to be a success

[15:05] {Threei} why?

[15:06] {Threei} US) US Treasury Dept declines comment with regards to possible intervention in the Euro

[15:06] {Threei} 1:1, half cover

[15:06] {magoo} covered .59 FL ty

[15:06] {Threei} 1: I don't know how much

[15:07] {Threei} covered in full too

[15:07] {magoo} 3yea

[15:07] {magoo} was 1k

[15:07] {magoo} so took it

[15:07] {Threei} some trades are almost shame to make... like shooting fish in a barrel

[15:08] {magoo} i mean .91 - .59 = um, er.??

[15:08] {magoo} uh

[15:08] {Threei} hmmm

[15:08] {Threei} wait

[15:08] {magoo} hmmm

[15:08] {Threei} let me whip out the calculator

[15:09] {magoo} well??

[15:09] {Threei} wait... not that simple'

[15:09] {Threei} need to run Riemann hypothesis

[15:10] {Threei} so... g(k) and G(k)....

[15:10] {Threei} 3n + 1 conjecture...

[15:10] {Threei} e - 1 / 2....

[15:10] {magoo} $140? nope, thats not right

[15:10] {Threei} nooo

[15:10] {Threei} 22n + 1 composite for n } 4

[15:11] {Les} egghead, what are you calculating vad?

[15:11] {Threei} 15:08] {magoo} i mean .91 - .59 = um, er.??

[15:11] {Les} thought trading was grade 3 maths?

[15:11] {Threei} not when it comes to magoo

[15:11] {Threei} polyhedral combinatorics must be applied

[15:12] {dptl} ah..all out bp ty

[15:12] {Threei} lol

[15:12] {Threei} coward

[15:12] {dptl} roflol

[15:12] {Les} I want more. was doing tea and missed the drop earlier

[15:12] {Les} in bp

[15:12] {Threei} bidding 1/4 more .78

[15:15] {Threei} hit

[15:15] {dptl} tsk tsk...figures

[15:15] {dptl} :)

[15:15] {Threei} shrug

[15:15] {Threei} stay cool

[15:15] {Threei} let market work its magic

[15:15] {dptl} lol

[15:15] {Threei} don't intervene with nmatural patterns

[15:16] {Les} all out ty

[15:16] {Threei} which is abother way of saying, don't pee against the wind

[15:16] {Les} noooooooooooooooo

[15:16] {Threei} out in full

[15:16] {Threei} .70

[15:16] {Les} oh good don't feel so cheated

[15:16] {Threei} learn frikin Taoism

[15:17] {Les} ?

[15:17] {Threei} if lazy, wait for me to finish this next book

[15:17] {Threei} and I am sure mty last

[15:17] {dptl} got to get this book

[15:17] {Les} hey I have a taoist book. let me find it

[15:17] {Les} here

[15:17] {dino} sheesh, i go to bus stop, we drop 50

[15:17] {Les} The Tao of Pooh and Te of Piglet

[15:17] {Threei} lol dino

[15:17] {larisa} do not worry dino, if you apply polyhedral combinatorics to -250, we are green

[15:18] {Threei} that's actually good point

[15:18] {Threei} but Infinite Ramsey theorem spills different light on it

[15:18] {dino} ;) the days not over yet

[15:19] {Threei} it's very simple actually, think of it like this:

[15:19] {Threei} Let X be some countably infinite set and colour the elements of X(n) (the subsets of X of size n) in c different colours. Then there exists some infinite subset M of X such that the size n subsets of M all have the same colour.

[15:19] {Threei} thus, green or red...

[15:19] {Threei} who cares

[15:19] {Les} got anything in black?

[15:20] {Threei} of course, it's just another subset of M

[15:21] {Les} you never told me you were a geek

[15:21] {Les} I want a refund please

[15:21] {Threei} I didn't want you to feel inadequate

[15:21] {Threei} realization that all girls are mine can be hurtful, you know...

[15:22] {Les} hehehe

[15:22] {Les} ok

[15:22] {Les} swoooosh goes the meatgrinder

[15:22] {Threei} hmmm

[15:22] {Threei} US) US President Obama to make announcement on the Wall Street reform legislation at 4:20pmET

[15:24] {Threei} RMBS Reportedly sees decision on case against NVDA and Hynix next week (23.57, +0.07, 0.30%) (related NVDA )

[15:25] {strider} .

[15:26] {Threei} strider,

[15:26] {Threei} for you mental heal;th sake,

[15:26] {strider} yes

[15:26] {Threei} don't even think of scroling through everything that happened while you were away

[15:26] {Threei} RMBS Reportedly sees decision on case against NVDA and Hynix next week (23.57, +0.07, 0.30%) (related NVDA )

[15:26] {strider} awwwww!

[15:26] {Threei} oops, wrong paste

[15:26] {Threei} (US) House Speaker Pelosi: Tax extenders bill, including new tax on fund managers, to be taken up next week

[15:26] {Threei} - Confident that House Democrats have the votes they need to pass tax extender bill.

[15:27] {Threei} tax them out of this universe, damn bastards

[15:27] {Threei} how dare they make money

[15:30] {Les} here's my friend, waiting for the RMBS decision to retire a millionaire

[15:31] {Les} maybe he'll get lucky

[15:32] {Threei} US) Fed's Tarullo: Fed swap actions are not designed to bail out anyone, least of all Greece

[15:32] {Threei} - Fed is not considering any further options to aid Europe

[15:33] {Threei} further?

[15:33] {Threei} it sounds like "we haven't helped them, and not going to help any more"

[15:33] {Threei} not only I never beat my wife, I am not goling to beat her ever again

[15:35] {Les} that's too much information

[15:35] {larisa} further has many meanings than that vad :)

[15:35] {larisa} many more

[15:36] {Threei} well, then those nuances are too subtle for me :)

[15:36] {Threei} but what else is new

[15:36] {Threei} my preferred depth of language use is: tree good, fire bad

[15:37] {Threei} les, thar's actually a reference to a well know casuistic way to shape up the question

[15:37] {Threei} "when did you stop beating up your wife/"

[15:44] {dino} hmmm

[15:44] {Les} wow new word learnt

[15:44] {Les} casuistry

[15:45] {Les} first time you made me pull out the english dictionary vad

[15:45] {Les} not bad

[15:45] {Threei} see... geek

[15:46] {Les} double geek

[15:46] {Threei} ugh

[15:46] {dino} going for lod

[15:46] {Threei} had this nagging idea that finnies should sell hard into close

[15:46] {Threei} with this Obama statement ahead

[15:47] {Threei} but it looked so obvious, I didn't feel easy about trading on such evident thing

[15:47] {Threei} look at WFC

[15:50] {dptl} good evening all...see ya tomorrow

[15:50] {Threei} where do you think you are going?

[15:50] {Threei} 10 min more of suffering

[15:51] {Threei} sit here and suffer with us

[15:51] {dptl} lol...

[15:51] {dptl} ok...FINE

[15:51] {larisa} bye all :)

[15:51] {Threei} see what you started dp?

[15:51] {Les} ciao larisa

[15:51] {Threei} bye larisa :)

[15:52] {dino} cya lari, dp

[15:53] {dptl} .

[15:55] {Threei} -328

[15:56] {dptl} are we gonna test that low tomorrow?9833?

[15:56] {Threei} WFC... toothache in the heart

[15:56] {Threei} surely looks like that

[15:58] {dino} ugly

[15:59] {Threei} well... depends

[15:59] {Threei} we had fun day

[16:00] {dino} lots of pain out there

[16:00] {Threei} certainly

[16:00] {Threei} and more ahead

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see you tomorrow

[16:01] {Les} ciao

[16:01] {Les} you too

[16:01] {strider} a la manana, vad.

May 19 2010

Somewhat muddy day with not much to use in a sense of established patterns. Just about flat finish for us.

Session Time: Wed May 19 00:00:00 2010

[01:46] {KSystems} good morning

[08:18] {magoo} mornong

[08:18] {nemo} :)

[08:21] {nemo} playing anything this morning mags?

[08:22] {Threei} GE) German Finance Ministry: The short selling ban was only the first step, timing of the ban was justified

[08:23] {Threei} Hearing vague rumors of a possible ECB announcement later this morning

[08:26] {Threei} Geron Corp Reports positive data on small molecule Telomerase activator in model of idiopathic pulmonary fibrosis

[08:26] {Threei} - Announced positive data on its orally available small molecule telomerase activator, TAT153, in an animal model of idiopathic pulmonary fibrosis (IPF). The data show that administration of TAT153 increased telomerase activity in the lung tissue, reduced inflammation, preserved functional lung tissue, slowed disease progression and attenuated loss of pulmonary function.

[08:27] {dptl} good morning

[08:28] {magoo} theres a new download vad, but my norton anti-virus flagged it

[08:28] {magoo} couldnt download it

[08:31] {Threei} dp :)

[08:31] {Threei} didn't try it yet mags

[08:31] {Threei} hold on, I'll donwload it

[08:32] {nemo} I got it...volume on Level II now have decimal readings

[08:32] {nemo} Other than that, nothing particularly jumps out at me

[08:32] {Threei} downloaded... no problem

[08:33] {Threei} tell your norton it's paranoid

[08:35] {strider} OK here.

[08:51] {magoo} yeah, its a norton issue

[08:51] {Threei} so, Euro bounced some finally eh

[08:51] {magoo} first time that ever happened

[08:51] {magoo} ALWEAYS SOMETHING F'in with me

[08:51] {Threei} wolfpack is running for the cover, frightened and humbled, I suppose

[08:57] {Threei} IT) Italy market regulator (Consob): No plans to pass short-selling ban

[08:57] {Threei} why? Germany thinks it's a good idea

[08:57] {Threei} CZ) Czech Central Bank: Not planning any short selling restrictions

[08:58] {Threei} EUR/CHF Recent strength being partially attributed to think tank report suggesting G7 to get more aggressive in defending the Euro

[08:58] {Threei} lol... they still don't get it

[08:58] {Threei} don't defend Euro, fix the actual problem

[08:59] {Threei} it's not the temperature, it's the inflammation

[08:59] {Les} CHF for its part, spending taxpayers money to do currency swaps to try and keep swiss franc low

[08:59] {Les} I guess they'll buy back when Euro is 20% lower

[09:00] {Les} they're all morons

[09:00] {Threei} very smart eh

[09:00] {Les} morning :)

[09:00] {Threei} why they all think they can fight nature is beyond me

[09:00] {Threei} hi

[09:07] {Threei} larisa :)

[09:07] {larisa} gm :)

[09:09] {strider} DCTH drop

[09:11] {Threei} EU) ECB declines comment on FX speculation circulating in markets

[09:11] {Threei} ***Note that chatter has been heard regarding action to support the euro from leading central banks

[09:13] {dino} gm all

[09:13] {Threei} dino :)

[09:14] {dino} nobody is bigger than the market

[09:14] {Threei} US Treasurer Geithner: Confident Europe can manage through its difficulties; US in a much stronger recovery than expected - CNBC interview

[09:14] {Threei} - asked about German short selling ban, Geithner comments that the history of trade restrictions is "not good."

[09:15] {Threei} wow... I think this is second time during Tim's tenure that I agreed with him

[09:16] {strider} DE CNBC positive comments

[09:16] {nemo} raised guidance on earnings

[09:18] {shorty} good morning

[09:18] {Threei} shorty :)

[09:21] {RonS} buenos dias amigos

[09:21] {Threei} Ron :)

[09:22] {Threei} one thing I realized looking at yesterday's trading guys, must share

[09:22] {Threei} you remember of course long period when we had very brief window of activity in the morning, then long stall

[09:22] {Threei} so we had to grab our trades early

[09:23] {Threei} That has changed, activity in most days is being spread out much more evenly,

[09:23] {lasertrev} morning

[09:23] {Threei} and not pushing the trading yesterday early but instead continuing looking throughout the day, we performed much more evenly

[09:23] {Threei} trev :)

[09:26] {Les} is it not just due to extreme volatility at this moment? VXX is on the up and up. or is it volatility returning to the mean?

[09:27] {dino} mind the gaps

[09:28] {Threei} I've no idea les

[09:28] {Threei} there is just so much I am willing to theorize about the reasons

[09:28] {Les} moi non plus. I've only been here 6 months. I can't tell what "the norm" is... if it exists

[09:29] {Threei} well, necessity to squeeze all your daily trading in 30 min was certainly out of the norm

[09:29] {Les} ok

[09:30] {Les} speaking of volatility up. vxx 30

[09:31] {Les} damn 30 break lol

[09:31] {shorty} WFC momo

[09:32] {strider} GS strong

[09:33] {Threei} LVS

[09:33] {dino} clf sm l .00

[09:33] {Threei} watching for entry under 22

[09:33] {Threei} if holding 21.90 and recrosses

[09:34] {Threei} not a scalp if triggers

[09:35] {magoo} ok..in

[09:36] {nemo} me too ooops

[09:37] {Threei} no go

[09:37] {dino} out clf .68, +.68

[09:38] {magoo} out

[09:38] {nemo} yeah out

[09:39] {Threei} BP

[09:39] {Threei} bounce ready it seems

[09:39] {dino} cyd sm l .30

[09:40] {dino} vit sm l .25

[09:40] {Threei} .56 was trigger, came right when I typed

[09:40] {Les} thank +.13 pb

[09:40] {Les} bp

[09:41] {Threei} :)

[09:41] {magoo} in .60

[09:41] {Threei} you have 1:2

[09:41] {magoo} oput here ty

[09:41] {Threei} :)

[09:42] {Threei} watch for pullback to about .60

[09:43] {Les} imax

[09:43] {dino} qcom l .80

[09:43] {dino} intc l .55

[09:43] {Threei} BP starts looking like short here

[09:44] {Threei} need market to pull back

[09:44] {dino} ndx green

[09:45] {Threei} look at LVS

[09:45] {Threei} or better don't

[09:45] {dino} look ma

[09:45] {Les} ma is strange

[09:45] {nemo} v

[09:45] {dino} all is well in world again (for 30 minutes or so)

[09:46] {dino} idsa sm l .05 thin

[09:46] {Les} imax 209 but a bit too quick

[09:46] {Les} imax 20

[09:47] {Threei} let's let IMAX consolidate a bit

[09:48] {strider} sh BP .96

[09:48] {Threei} as it stands, it has weak support at .90 and stronger one at .80

[09:49] {Threei} hopefull, some consolidation strengthens .90 one

[09:49] {Les} out LVS +.27

[09:49] {Les} crap

[09:50] {Les} out lvs flat after 2 unsuccessful shorting attempts

[09:51] {Threei} IMAX... if market spikes, break will be a valid trade here

[09:51] {Threei} no kidding eh

[09:53] {strider} cover BP .80 +.16

[09:53] {Les} grabbed a bit more of lvs bouncing in its MA's. now solidly black

[09:53] {Threei} wtg strider

[09:54] {strider} :)

[09:54] {dino} out vit .67, =.42

[09:54] {dino} +.42

[09:55] {Threei} I think I just fooled that famous unbeatable algo

[09:55] {shorty} Doh! Missed LVS short

[09:55] {Threei} got IMAX long at .89

[09:55] {Threei} out .99

[09:56] {Threei} pure reflex trade, lol

[09:56] {dptl} short nwsa .43

[09:56] {dptl} .50 stop

[09:56] {Threei} just above you mean

[09:56] {dptl} ye

[09:57] {Threei} BP, start looking for reversal and long

[09:58] {Threei} ideally, quick slip under .60 and recross with stop under .50

[10:00] {Threei} *(US) Q1 2010 MORTGAGE DELINQUENCIES: 10.06% V 9.47% PRIOR

[10:00] {Threei} Mortgages in foreclosure at 4.63% v 4.58% q/q

[10:00] {Les} dino what's on your list please?

[10:01] {dptl} out nwsa +.10

[10:01] {dino} intc stopped -.13

[10:02] {Threei} wtg dp

[10:02] {Threei} clean setup, well executed

[10:02] {dptl} ty

[10:03] {dino} qcom stopped -.18

[10:03] {Les} s ma .85 sm and wide

[10:03] {strider} Laser locked up

[10:03] {Threei} need quotes?

[10:04] {Threei} BP is ready for a setup

[10:04] {strider} no got MBT

[10:04] {dino} les, clf, fcx, cyd, vit, idsa

[10:04] {Les} ty

[10:04] {dino} fdx ups

[10:04] {dino} but waiting here a few minutes and in cyd, idsa

[10:06] {Threei} 1:1 BP

[10:06] {Threei} nice and easy

[10:06] {shorty} ty

[10:06] {Threei} smooth as baby bottom

[10:06] {strider} new laser version is sucking big time for me.

[10:06] {shorty} I can't play big shares on it though.

[10:07] {Threei} strider, you have installation file for previous onbe?

[10:07] {Threei} reinstall it now, sort it out later

[10:07] {strider} yes

[10:07] {Threei} FR) France Regulators reportedly claim they have no intention ot following the Germany procedures on short selling; German measures could cause confusion

[10:07] {strider} dcc trev

[10:08] {magoo} missed BP exit..was out there .77

[10:10] {Threei} NWSA 1:2

[10:10] {Threei} beautiful one dp

[10:10] {dptl} :)

[10:10] {strider} dcc trev

[10:11] {Threei} need attention-getter strider?

[10:11] {strider} yes

06[10:11] * Threei slaps lasertrev around a bit with a large suggestion to look at his dcc

[10:12] {Threei} LVS is on watch again

[10:12] {shorty} TIVO Threei. Too slow?

[10:12] {nemo} short below .50?

[10:13] {strider} cmon trev.

[10:13] {Threei} no, rather some of bounce formations

[10:13] {Threei} need one more pullback to establish .50 firmer

[10:13] {Threei} I see no setup on TIVO

[10:14] {shorty} ty

[10:14] {Threei} just call strider

[10:14] {Threei} ok. LVS

[10:14] {strider} I got it.

[10:14] {Threei} .52 long

[10:14] {strider} thanks

[10:15] {Threei} stop for scalpers under .45, day traders .40

[10:15] {Threei} scalpers 1:1

[10:16] {Les} bp

[10:17] {Threei} scalpers win

[10:17] {Les} s bp .47 sm

[10:17] {dino} gaps 05/07, 10377, 1849, 1110

[10:18] {Les} out bp +.07. was looking for bounce but just kept going

[10:19] {Les} cover +.07

[10:22] {nemo} might as well just hop on a short

[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:22] {Threei} **consensus expectations:

[10:22] {Threei} Crude: +750Ke

[10:22] {Threei} Gasoline: -1Me

[10:22] {Threei} Distillate: +1Me

[10:22] {dino} dji gap filled, s/p too

[10:25] {Threei} keep an eye on TZA

[10:25] {Threei} pullback to about .60 will be interesyting for long

[10:27] {nemo} Laser has problems if I run Firefox

[10:28] {strider} Just the new version?

[10:28] {nemo} last one sometimes too

[10:28] {strider} how does it act?

[10:28] {nemo} freezes up

[10:29] {Threei} sounds like memory issue

[10:29] {Threei} firefox can be a memory hog

[10:29] {dino} vit sm l .85

[10:29] {nemo} plenty of memory, I monitor it

[10:29] {Threei} I had similar issue,

[10:29] {strider} I don't usu. run firefox on laser computer, but I was this morning.

[10:29] {Threei} when I had a task manager up and watched performance tab,

[10:30] {strider} Rebooted, no firefox, and doing OK right now.

[10:30] {Threei} I could see CP use spike that would freeze everything

[10:30] {Threei} killed firefox, issue went away

[10:30] {Threei} DOE CRUDE: +200K V +750KE; GASOLINE: -295K V -1ME; DISTILLATE: -1M V +1ME

[10:30] {Les} yeh, I dropped firefox for google. much better

[10:31] {Threei} GR) Hearing chatter that the Greek Finance Minister has stated that separation from EU may need to be considered

[10:31] {Threei} finally... words have been spoken

[10:31] {strider} Firefox shong avg. cpu use of 25%

[10:31] {strider} showing

[10:31] {strider} I mean laser, not firefox

[10:36] {nemo} I've got nothing else but laser running and it's frozen

[10:37] {Threei} weird

[10:37] {Threei} task manager show memort usage at 100?

[10:38] {nemo} no

[10:39] {strider} I've got 33% RAM usage here

[10:39] {strider} with just laser.

[10:39] {strider} I have a LOT of windows open though.

[10:39] {strider} in laser

[10:40] {Threei} I have about 20% average, running:

[10:40] {Threei} laser

[10:40] {Threei} scanner

[10:40] {Threei} 5 tabs Chrome

[10:40] {Threei} 2 tabs IE

[10:40] {Threei} outlook express

[10:40] {Threei} skype

[10:40] {Threei} and couple more applications

[10:42] {dptl} new version running ok Vad?

[10:42] {Threei} I haven't installed it

[10:43] {dptl} oh ok...thought you did in the morning

[10:44] {Threei} I downloaded it

[10:45] {Threei} *(GR) GREECE GOVT DENIES CHATTER THAT WILL LEAVE EUROZONE

[10:45] {strider} you were smart to wait.

[10:45] {Threei} hate to be an early adopter

[10:46] {Les} hmm would probably make greek people happy

06[10:46] * strider slaps Threei around a bit with a large guinea pig.

[10:46] {Les} lol

06[10:46] * Threei fires up a barbeque

[10:47] {strider} GS bull flag interesting?

[10:47] {Threei} I can't tell whether we are breaking down or forming bounce

[10:48] {Threei} let's wait a bit

[10:48] {Threei} this moment is 50/50

[10:48] {strider} yep. GS a little excessive on that next to last bar.

[10:48] {strider} bounced back

[10:48] {nemo} How do I uninstall this version of Laser and get back to the previous one?

[10:49] {larisa} did you know that greeks need to work just 15 years full time to be eligible for retirement $$.. :)

[10:49] {strider} go to control panel

[10:49] {nemo} yep

[10:49] {Threei} yes larisa

[10:49] {strider} add or remove programs

[10:49] {Les} yeh leave EU and default on debt or stick with EU.... that life is fini lari

[10:49] {Threei} learned it about a week ago

[10:49] {Threei} nemo, you have previous installation file?

[10:50] {Les} but leaving EU would make them competitive again

[10:50] {nemo} don't know

[10:50] {strider} wont install over new version without uninstall, vad.

[10:50] {Threei} yes, but he needs old file

[10:50] {strider} I can send you prev. version if you need it nemo.

[10:50] {nemo} please do

[10:51] {strider} one min.

[10:52] {strider} coming

[10:53] {strider} still coming

[10:53] {strider} :)

[10:53] {strider} gone

[10:54] {dino} fdx sm l .85

[10:55] {Threei} Long Setup: IMAX .20 break

[10:55] {Threei} if stays above .10

[10:55] {Threei} a bit thin here, let;'s do half lot

[10:55] {Threei} invalidated anyway

[10:55] {Threei} but not off radar completely

[10:56] {dino} sm s vxx .00

[10:58] {strider} Vad, re BP. Do you see pullback to trendline as a valid setup, all other things being in alignment?

[10:59] {strider} for short

[10:59] {strider} trendline from previous two tops

[10:59] {Threei} I see it

[10:59] {Threei} but it feels more like trend change moment to me

[10:59] {Threei} unless market drops sharply, I'd rather hunt for long

[10:59] {strider} because of starting of conolidation pattern?

[11:00] {Threei} yeah... if holding .30

[11:00] {Threei} .40 break

[11:04] {strider} shsorft .30 BP

[11:04] {strider} short

[11:05] {nemo} running chrome and IE no problem at the moment

[11:05] {magoo} V is best stock ever today...IMAX worste

[11:06] {shorty} LVS...

[11:07] {strider} .43 stop

[11:07] {Threei} so, that was the latest version that caused problems?

[11:07] {strider} should have made agggressive entry

[11:08] {nemo} last version of laser hiccuped against Firefox also

[11:09] {strider} out

[11:10] {dptl} cenx?

[11:10] {Threei} not sure CENX

[11:10] {Threei} GE) German States have indicated support for the Euro bailout plan - FT Deutschland

[11:10] {dptl} ok

[11:11] {Threei} this is random moment in the market guiys

[11:11] {Threei} most likley you'll be rinsed in either long or short

[11:11] {dino} vxx cover stopped

[11:13] {strider} ACAS?

[11:14] {Threei} coin toss

[11:16] {magoo} vad, start reading V for rest of day, 75 is in the cards TODAY

[11:16] {dino} sm l pot .65

[11:18] {Threei} I think 73 first mags

[11:18] {magoo} well ya...i mean, keep on radar, im not in, but have been several times

[11:19] {dptl} rmbs?

[11:20] {RonS} aig in meltdown

[11:20] {Threei} probably dp

[11:20] {Threei} rather yes than no, at the rate 52/48

[11:21] {dptl} ok ty

[11:23] {Threei} V at 73

[11:23] {Threei} there mags... I made you 70 cents :)

[11:23] {magoo} feels lower here

[11:23] {magoo} u cost me that earlier

[11:24] {magoo} stop BP, IMAX, LVS

[11:24] {Threei} lo, expect not true

[11:24] {dino} fast fall

[11:24] {dptl} s .98 rmbs

[11:24] {Threei} say what?

[11:24] {Threei} LVS was 12 cents stop

[11:24] {Threei} IMAX was invalidated

[11:24] {dptl} stop above .10 rmbs

[11:25] {Threei} BP was profitable

[11:25] {Threei} what the?...

[11:25] {magoo} i missed exit BP.77 ...posted that

[11:25] {magoo} had to stop it

[11:25] {Threei} and that is my fault?

[11:25] {magoo} aggressive entry in IMAX, DEAD..

[11:25] {magoo} yup

[11:26] {magoo} IMAX is the ONLY one that really pisses me off

[11:26] {magoo} NEVER traded it

[11:26] {magoo} SO THIN

[11:26] {magoo} DEAD

[11:27] {magoo} my system default is 2k shares

[11:27] {magoo} hit imax and so so thin, instant dead

[11:27] {Threei} so, let's se... I warn HALF LOT

[11:27] {Threei} you take 2K

[11:27] {Threei} trade is invalidated

[11:28] {magoo} yes

[11:28] {magoo} yes

[11:28] {magoo} yes

[11:28] {Threei} and you take it out on me?

[11:28] {magoo} :)

[11:28] {Threei} I'll see you tomorrow

[11:28] {shorty} lol

[11:28] {Threei} FIG President: There are fears a slowdown in Asia could pile on to troubles in Europe; Fortress is derisking - CNBC interview

[11:32] {Threei} (GE) Germany has reportedly suggested an 'orderly' insolvency program for members of Eurozon

[11:33] {dptl} nah..out rmbs flat..don't like it

[11:34] {Threei} - Note: earlier reports circulated that the Merkel Govt was seeking to increase monitoring of Euro members budgets; with stiff sanctions for those who had failed; along with proposals to establish bankruptcy proceedings for countries in the Eurozone

[11:35] {dino} sm l fcx .00

[11:36] {dptl} m .20?

[11:36] {dptl} break

[11:36] {Threei} no

[11:36] {dptl} ok

[11:39] {dptl} wfr?

[11:39] {Threei} no read

[11:40] {Threei} and btw, RMBS is 1:1

[11:40] {Threei} what's the point in reading them for you if you don't use even those I nod at?? :)

[11:40] {dptl} figures

[11:41] {dptl} i was in

[11:41] {Threei} i know

[11:41] {dptl} but then ...somthing i don't like

[11:41] {Threei} but chickened out

[11:41] {dptl} :) may be

[11:42] {magoo} vad, if u still talking to me, read DE

[11:42] {magoo} massive support here

[11:42] {Threei} easy...

[11:43] {Threei} first D

[11:43] {Threei} as in Derivative

[11:43] {Threei} then, umm... E

[11:43] {Threei} and no, DE is not a bounce ready one yet

[11:44] {shorty} d/b coming for LVS?

[11:44] {Threei} and btw, it's very thin

[11:44] {Threei} no friking way to play any more than half lot

[11:44] {Threei} d/b as in double bottom?

[11:44] {shorty} yes

[11:44] {Threei} hmmm

[11:45] {Threei} market is still downtrending

[11:45] {Threei} LVS rather forms something like inverted C&H

[11:45] {shorty} ahhh...I see that.

[11:45] {Threei} DE

[11:46] {Threei} almost ready

[11:46] {Threei} if holding .35, .50 break half lot

[11:47] {Threei} if loses .30, invalidated

[11:47] {Threei} and I mean HALF LOT

[11:47] {Threei} invalidated

[11:48] {Threei} see LVS shorty?

[11:48] {shorty} short LVS .03

[11:48] {nemo} cat short?

[11:48] {dptl} nwsa again? .15 break?

[11:48] {Threei} .50 break nemo...

[11:48] {Threei} half lot again

[11:49] {nemo} misse it

[11:49] {shorty} out .90

[11:49] {Threei} there you go shorty... getting it

[11:49] {Threei} maybe covered a bit too soon, but that's not the point

[11:49] {shorty} Thanks Threei, I was looking at it on dimensionally.

[11:49] {shorty} one

[11:49] {Threei} right chart formation, aligned with market direction

[11:50] {dptl} s nwsa .13 stop .25

[11:50] {shorty} I get it, it's the bad habits that come creeping in that I don't like.

[11:50] {Les} nice bounce DE

[11:50] {Threei} well, we have trout

[11:51] {Threei} EU) Spanish Fin Min Salgado: Deficit reduction is becoming even more of a priority

[11:52] {Threei} nah, don't worry about that, just fight speculators

[11:52] {Les} what was the other priority they had??

[11:52] {Threei} fight speculators?

[11:53] {Threei} beat off the wolfpack?

[11:53] {Threei} teach the markets a lesson?

[11:53] {Threei} oh, and I forgot numer 1

[11:54] {Threei} above al, save their jobs

[11:54] {Les} sick of this "it's not our fault" BS

[11:54] {Threei} which involves pointing fingers and kicking the can

[11:55] {Les} happy to see Cameron at least fess up to need for reduced spending etc

[11:56] {Les} listened to interview once with "old school" politician from Australia

[11:56] {Les} in a time when politicians were working people who weren't millionaires

[11:57] {Threei} you mean 17th century?

[11:57] {Les} he was a drover, herding cattle

[11:57] {Les} no 1950's

[11:57] {Les} there were real people in politics once

[11:57] {RonS} clint eastwood?

[11:57] {Threei} hard to imagine...

[11:58] {Les} ronald reagin

[11:58] {Les} reagan

[11:58] {Les} reagen?

[11:58] {dino} intc l .20

[11:58] {RonS} europe closed, time to rally...

[11:58] {dptl} stopped nwsa _.13

[11:59] {Threei} LVS, pullback to about .10-.15

[11:59] {Threei} for long entry

[12:01] {dptl} bp?

[12:01] {Les} wow $gold

[12:02] {Threei} still looks short to me

[12:02] {Les} gold bulls just got crushed

[12:02] {Threei} 45 break

[12:02] {nemo} half lot?

[12:02] {dptl} 45 break .10 stop

[12:02] {Threei} nah, full lot

[12:03] {nemo} market strengthening

[12:03] {Threei} two sided setup then

[12:04] {magoo} futes going

[12:04] {magoo} UP

[12:04] {dptl} .in .12

[12:05] {dptl} long

[12:06] {dptl} stop under 45

[12:07] {Threei} LVS is coming into bounce zone

[12:07] {magoo} just needs futes to dig in here

[12:09] {dptl} offering .27 bp

[12:10] {Threei} LVS, who got it, start exiting

[12:11] {Les} v inverted H&S?

[12:12] {Les} sm l V .01

[12:13] {Threei} kind of, yeah

[12:13] {dptl} you in bp Vad?

[12:13] {nemo} market gonna' drop

[12:14] {Les} gld break of .70?

[12:14] {Threei} no dp, got distracted by LVS

[12:14] {Threei} looks fine to me though

[12:14] {dptl} so i am alone in here ..:)

[12:16] {Threei} V needs little market help

[12:16] {Threei} otherwise looks ready

[12:16] {Les} that's what I'm worried about

[12:17] {Threei} why would you worry... keep your stop and wait for the trade to resolve

[12:17] {Threei} leave worry to those who don't control their risk

[12:18] {shorty} Have a good guys, cya tomorrow.

[12:18] {Threei} take care shorty

[12:18] {Les} ciao shorty

[12:18] {nemo} ?

[12:19] {Les} replace missing verb with whatever you desire nemo

[12:19] {Threei} lol

[12:20] {Les} damn MA crashing

[12:20] {dptl} long petm .01

[12:20] {dptl} .89 stop

[12:21] {nemo} v resolved itself

[12:21] {Les} stopped -.15 V and reversed

[12:21] {Threei} Deutsche Boerse AG Comments that a short selling ban can "be harmful" and raise liquidity costs

[12:21] {Threei} - Note: Deutsche Boerse was among the list of financial companies whose stock was restricted from short sale

[12:23] {dino} they are/were short

[12:24] {nemo} 1:1 dp

[12:24] {dino} fdx ups hold well

[12:24] {magoo} real nice move DE

[12:26] {dino} day 2

[12:27] {dptl} out petm +.09 out bp+.07.......

[12:27] {nemo} market up V not

[12:29] {dino} out fdx .20,

[12:29] {dino} +1.35

[12:30] {Les} good observation nemo

[12:30] {Les} s ma .68

[12:31] {nemo} ?

[12:31] {Les} 18:28 nemo market up V not

[12:31] {dino} out intc .45, +.25

[12:32] {nemo} yes, understand, was wondering if it were patronizing

[12:32] {Les} who me?

[12:32] {Les} confessions of a guilty mind

[12:32] {dino} out pot.95, +.30

[12:35] {Threei} 49% Say Bush Chiefly To Blame for Big Deficit, 43% Blame Obama

[12:35] {Threei} Clinton really got lucky to be fully forgotten eh

[12:35] {Les} crap ma stopped

[12:35] {RonS} 100% should blame Congress

[12:36] {dino} you are right ron

[12:36] {Les} voters have 2 president memories

[12:36] {dino} same w/europe

[12:36] {Les} wonder if they can remember president prior to bush

[12:37] {dino} speculators merely alert the problem, do not cause it

[12:37] {strider} WFC?

[12:38] {Threei} on watchj but no clear setup yet

[12:38] {dino} cpla

[12:39] {strider} you could drive a truck through that spread, dino.

[12:39] {dino} i might

[12:39] {strider} durango will fit.

[12:39] {Threei} WFC,

[12:40] {dino} that what i drive

[12:40] {strider} I know.

[12:40] {strider} me too.

[12:40] {strider} sometimes.

[12:40] {dino} ahh, i forgot

[12:40] {RonS} Symantec Said to Be Close to Acquiring VeriSign Division

[12:40] {strider} mine is semi retired.

[12:40] {Threei} watch SPY, if it turns up and breaks 111.50 try to grab it aggressively

[12:40] {RonS} ...bloomberg/businessweek

[12:40] {nemo} wfc vad?

[12:41] {Threei} yes

[12:41] {Threei} ideally 30 break

[12:41] {strider} long on 30 break?

[12:41] {Threei} no

[12:41] {strider} speak clearly, man:)

[12:41] {dino} strider, my son told me yesterday to take care of it, he turns 13 next week

[12:41] {Threei} SPY 111.50 break is the trigger for WFC

[12:42] {strider} duh:(

[12:42] {Threei} 12:40] {Threei} watch SPY, if it turns up and breaks 111.50 try to grab it aggressively

[12:43] {strider} again, duh.

[12:43] {Threei} what?

[12:43] {strider} just me 'duh'ing.

[12:43] {strider} senior moments are wonderful.

[12:44] {strider} Only need two or three. Just use them over and over.

[12:44] {Threei} change of plans

[12:44] {Threei} .90 break

[12:44] {Threei} if stays above .85

[12:44] {strider} in

[12:46] {strider} giddyup spy.

[12:46] {Threei} double aggressive so to speak - both SPY and WFC just start showing turn... but the size of the stop is too good to ignore

[12:47] {Threei} no go

[12:48] {strider} out

[12:49] {magoo} DE sh loss 58

[12:50] {dino} out fcx flat

[12:53] {magoo} no go

[12:55] {RonS} qsft

[13:00] {Threei} rinse

[13:01] {dino} ugh fcx, paniced

[13:04] {strider} SPDR Gold Trust confirms break of the 10-day moving average

[13:04] {strider} gld

[13:06] {strider} GS consol?

[13:08] {strider} tough day

[13:08] {nemo} 60 grit day

[13:11] {nemo} in faz .02

[13:11] {Threei} Senate aide confirms that Senator Dodd will no longer seek compromise on derivatives legislation

[13:11] {Threei} - Dodd will no longer seek two year delay to requirement for banks to spin off their derivatives businesses.

[13:11] {Threei} - reminder: yesterday it was reported that Senator Dodd was offering a compromise on Lincorn Swaps provision that would delay a ban on bank derivatives operations for two years as federal regulators consider the impact of the prohibition.

[13:12] {Threei} why?

[13:12] {nemo} b

[13:12] {nemo} db

[13:12] {nemo} inside BBs

[13:12] {strider} so you're short?

[13:12] {nemo} at yesterday close

[13:13] {nemo} yeah short

[13:13] {strider} doesn

[13:13] {strider} doesn't 'in' usu. mean long?

[13:16] {nemo} long faz short financials

[13:17] {strider} but you're short faz, no?

[13:17] {nemo} long faz

[13:17] {nemo} 1/3 ourt .08

[13:17] {strider} [13:13] {nemo} yeah short

06[13:18] * strider slaps nemo around a bit with a large bag of obfuscation

[13:18] {nemo} I"M LONG FAZ

[13:19] {strider} thank you.

[13:19] {dptl} lol

[13:19] {strider} now wasn't that easy?

[13:20] {Threei} it was but you have to beat it out of him

[13:20] {nemo} [13:11] {nemo} in faz .02

[13:20] {nemo} stopped balance

[13:21] {RonS} eschew obfuscation

[13:21] {nemo} can't teeth are sensitive

[13:21] {RonS} lol

[13:21] {Threei} and Espouse Elucidation

[13:22] {RonS} rofl

[13:22] {Threei} alternatively, embrace the clairvoyance

[13:22] {nemo} lucidity...haven't experienced that in a while

[13:22] {RonS} girlfriend?

[13:22] {nemo} ?

[13:23] {strider} yeah, we see what you mean, nemo.

[13:23] {nemo} what do I mean?

[13:24] {RonS} qsft

[13:24] {strider} lack of lucidity.

[13:24] {nemo} ahhh

[13:24] {nemo} too much acidity

[13:24] {strider} and little sobriety

[13:25] {RonS} x

[13:27] {RonS} 3i, long x on a 49.50 break?

[13:29] {nemo} volume getting lightter as spy climbs

[13:30] {Threei} well

[13:30] {Threei} if it reverses about here, it would be a C&H

[13:30] {Threei} valid setup

[13:32] {strider} break of .80?

[13:32] {Threei} ?

[13:34] {strider} never mind. caught some of nemo's lack of lucidity.

[13:34] {nemo} :)

[13:34] {strider} don't really see the c& h though.

[13:35] {Threei} cup started at 11 am

[13:35] {RonS} ...if x bases here and goes to 49.50 you will see it

[13:35] {Threei} completed at 13:25

[13:35] {Threei} handle is in the process of forming, ugly as it is

[13:36] {strider} you're not talking about spy, are you? X

[13:36] {strider} ?

[13:36] {nemo} X is mimicing spy

[13:37] {Threei} X is what I am talking about, asnwering Ron

[13:37] {nemo} yes

[13:37] {strider} OK.

[13:37] {strider} Your comment came right after nemo posted about spy.

[13:37] {nemo} buy here at the trendline

[13:48] {nemo} wow, woul be almost 1:4 in X

[13:48] {Threei} yup

[13:48] {Threei} good call

[13:48] {nemo} the trend is your friend until it isn't

[13:49] {strider} KMB

[13:49] {Threei} see... as soon as you eschew the ambiguity and embrace the clairvoyance instead...

[13:49] {magoo} something is coming out at 2 pm i believe

[13:50] {Threei} FOMC minutes

[13:50] {magoo} ah ty

[13:50] {Threei} **Fed staff will also be updating economic forecast with the release of the FOMC minutes

[13:53] {nemo} what up with Kimberly Clark

[13:54] {Threei} KMB Hearing RBC upgrades rating (timing uncertain) (62.06, +0.06, 0.10%)

[13:57] {Threei} in X .11

[13:57] {Threei} sorry... late

[13:58] {Threei} sharply dropped right into lower BB

[13:58] {nemo} what was your stop, .00?

[13:58] {Threei} just under

[13:59] {Threei} lol

[13:59] {Threei} TM Reportedly plans to announce recall of 11,500 Lexus 2010 models due to steering wheel being off center

[13:59] {Threei} come on Toyota

[13:59] {strider} For the eccentrics out there.

[13:59] {nemo} that's thigh slappin' strider

[14:00] {strider} I'm trying to aim them at a 9th grade level, nemo.

[14:00] {strider} Glad you got it.

[14:00] {nemo} lucid moment

[14:01] {Threei} FOMC MINUTES: MOST OFFICIALS FAVORED DEFERRING ASSETS SALES FOR SOME TIME; SLACK EXPECTED IN THE ECONOMY FOR SOME TIME; RAISES ECON FORECAST

[14:01] {Threei} **Economic Forecast:

[14:01] {Threei} - 2011 GDP (3.4-4.5% prior)

[14:01] {Threei} - 2012 GDP (3.5-4.5% prior)

[14:01] {Threei} 2011 (8.2-8.5% prior)

[14:01] {Threei} - 2012 (6.6-7.5% prior)

[14:02] {strider} TM break of .45?

[14:03] {Threei} nah

[14:03] {Threei} just leave this thing alone

[14:03] {Threei} it has no patterrns

[14:03] {strider} you're right . Everybody loves TM,,, no matter what.

[14:03] {Threei} like a jellyfish, aimlessly wandering around

[14:03] {Les} nice catch on x

[14:03] {nemo} ambiguous

[14:03] {Threei} out X

[14:04] {strider} :)

[14:04] {Threei} anyone went for second chance entry?

[14:04] {Les} y ty

[14:04] {Threei} :)

[14:04] {strider} GS

[14:05] {Threei} wooohooo

[14:05] {Threei} all problems are going to be solved in oil drilling field:

[14:05] {Threei} (US) Interior Dept reportedly to announce it will form three agencies to regulate offshore oil drilling

[14:05] {Threei} get it?

[14:05] {Threei} not one

[14:05] {Threei} not two

[14:05] {Threei} three!

[14:05] {Threei} there, that's the response worthy of a great govermnet

[14:05] {strider} Well, they'll look right setting on a credenza.

[14:06] {Les} small government getting smaller

[14:06] {Threei} ugh, X was capable of more

[14:12] {RonS} ...hope this is not too off base, but i know at least dino will love it: https://docs.google.com/viewer?a=v&pid=gmail&attid=0.1&thid=128b1b984ea909f6&mt=application%2Fpdf&url=https%3A%2F%2Fmail.google.com%2Fmail%2F%3Fui%3D2%26ik%3Da0a6548657%26view%3Datt%26th%3D128b1b984ea909f6%26attid%3D0.1%26disp%3Dattd%26zw&sig=AHIEtbQpBeLWf9aOOIOgjncM5EKc_8HiBw&pli=1

[14:12] {strider} oh m god

[14:12] {Threei} wow... that's a behemoth link, lol

[14:12] {Threei} what is it? :)

[14:13] {RonS} Az responding to the LA econ boycott

[14:13] {strider} Ron, try this out: http://tinyurl.com/

[14:13] {nemo} oh yeah, gonna' shut off there electricity

[14:14] {RonS} hey thanks strider; obviously I needed that, and will use it

[14:14] {strider} less intimidating. (For nemo, you know)

[14:15] {Threei} muddy day today

[14:15] {Threei} nothing even close to yesterday's lucidity

[14:16] {RonS} perfidious lucidity

[14:17] {nemo} wow

[14:17] {nemo} obfuscatory clarity

[14:17] {magoo} i thought today was alot easier

[14:18] {Les} vad you responded to comment made by Martin Armstrong

06[14:18] * Threei swears never ever leave home without dictionary

[14:18] {RonS} me too mags

[14:18] {nemo} sesquipedalian taurine excrement

[14:18] {Les} text is worth reading in full:

[14:18] {Les} http://www.martinarmstrong.org/economic_projections.htm

[14:18] {Les} yeh I am jealous Mags

[14:19] {Les} got on the wrong side of MA and buried myself in a big hole

[14:19] {nemo} oohh X might be breaking trend

[14:19] {Les} working with V was the right idea, or so I see now

[14:20] {Les} for others here, reading the top pdf pertaining to 'fat finger' incident is elucidating

[14:22] {nemo} x might bounce around .75

[14:23] {Threei} so many words for the simple: during panic, bids are withdrawn, thus prices cascades

[14:23] {Threei} simple as that

[14:23] {magoo} u r playing one of the hardest stox les

[14:24] {Threei} TM Exec: No evidence has yet been found that electronic throttles were cause of the sudden accleration issues involved in prior recall

[14:24] {Threei} lol

[14:24] {Threei} meanng: we fixed something, we are not sure what, and we have no idea what we should have been fixing

[14:25] {Les} it was good for two days mags. buried me today. but yeh risk wise you are right

[14:25] {Les} useful lesson to learn before playing for real £

[14:26] {Threei} i could tell you "stay away from that animal" for free

[14:26] {Les} speaking of which, friggin US post bounced my paperwork to Trev

[14:26] {Les} otherwise I'd be learning how Laser works right now

[14:26] {magoo} might as well trade GOOG

[14:26] {Les} maybe I should have written address in Chinese?

[14:26] {magoo} same donkey

[14:27] {Les} ok

[14:27] {Les} putting it in the 'don't touch' basket

[14:27] {Threei} put GOOG there too and let them duke it out between themselves

[14:27] {Les} any others

[14:28] {Les} while we are talking animal stocks

[14:28] {Les} ?

[14:28] {Threei} BRK.A

[14:28] {Les} lol

[14:28] {dptl} lol

[14:28] {Threei} lol

[14:28] {nemo} speaking of lucidity

[14:29] {strider} GS is pretty skeery sometimes.

[14:30] {strider} and AMZN takes fits

[14:30] {Les} yeh amzn is a no no

[14:30] {Les} GS, when it makes the media spot light is ok

[14:31] {Les} funny isn't it

[14:31] {Les} these stocks are really about trading their news

[14:33] {magoo} dont forget AAPL, jesus, DO NOT TRADE AAPL

[14:34] {magoo} bte, long aapl here

[14:34] {magoo} bte=btw

[14:34] {Threei} {fern} I hate RIMM

[14:34] {magoo} i hate........................

[14:34] {magoo} IMAX

[14:34] {strider} Fern's back!!!

[14:34] {Threei} lol, not yet

[14:37] {dino} med sm l .51

[14:38] {strider} BIDU break of 70?

[14:38] {Threei} probably... half lot

[14:38] {dptl} .

[14:39] {strider} hmmm thin I'll pass

[14:39] {strider} think

[14:39] {Threei} gosh... BIDU's thin? what else is new? :)

[14:41] {strider} oh my.

[14:41] {strider} :)

[14:45] {dptl} adi?

[14:45] {Threei} nah

[14:45] {dptl} ok

[14:53] {Threei} X, watch for sharp drop to grab a long around .05 - .10

[14:56] {Les} lol

[14:56] {Les} 2) Mrs Merkel has cheesed off the French. There is a grand tradition that if there is a pointless anti-market move to make, it should be taken in concert by the French and the Germans (see their horribly cumbersome European Alternative Investment Directive which sailed through another stage yesterday). Instead, the French are furious that the Germans took thi

[14:56] {Les} this particular stupid step unilaterally.

[14:57] {Les} http://blogs.telegraph.co.uk/finance/tracycorrigan/100005764/germanys-short-selling-ban-is-ludicrously-short-on-common-sense/

[14:58] {Threei} here is the thing about stupidity:

[14:58] {Threei} you can't talk anyone out of it, you have to let it run its course

[14:59] {dino} stupid is as stupid does

[14:59] {Threei} X

[14:59] {Les} in .06

[14:59] {magoo} dino gump is my name

[14:59] {nemo} no volume coming in yet though

[14:59] {dino} lol

[14:59] {dino} back in 10

[14:59] {Threei} nice and easy

[15:00] {Les} out +:10 ty

[15:00] {magoo} vad, in out X already

[15:00] {magoo} ?

[15:00] {strider} .07-.21

[15:00] {Threei} and alerted well in advance with precision worthy grand admiration

[15:00] {Threei} out .20

[15:01] {nemo} why did you pick .05-.10

[15:01] {nemo} ?

[15:01] {Threei} good question

[15:01] {nemo} Of course...I asked it

[15:01] {Threei} this is one of those rare cases where I don't have a good answer

[15:02] {nemo} embracing the....what was it?

[15:02] {Threei} normally I do, but this one was more of a feel

[15:02] {nemo} feerings, nothing more than feerings

[15:02] {nemo} crissakes, shouldn't have gotten another cup of coffee

[15:02] {Threei} I already skipped one trade on it because I didn't want to call it on opure feel,

[15:03] {Threei} short at .30 break at 14:17

[15:03] {Threei} swore at myself ever since

[15:03] {nemo} huey

[15:03] {strider} Oh don't do that, vad. We can take that responsibility off your shoulders.

[15:03] {Threei} rofl

[15:03] {nemo} Pi....nevermind

[15:04] {nemo} :)

06[15:04] * Threei slaps magoo around a bit with a large frozen trout with sharp jagged edges

[15:05] {nemo} here comes the selloff

[15:06] {nemo} major support right here on spy

[15:10] {dino} going to have to stop going to bus stop

[15:10] {nemo} why...eye for the little girls?

[15:10] {dino} every time i go market drops 70 pts

[15:10] {Threei} there... now we know whose fault iit is

[15:11] {Threei} at least Europe would have blamed it all on you

[15:15] {Threei} strider

[15:15] {Threei} you can start swearing at me

[15:15] {Threei} another pure feel one, skipped

[15:15] {nemo} du bist ein verdammte Pimmel!

[15:15] {Threei} short X 49 recross down

[15:16] {strider} aslfmwonie4g'slkgmhpoj you, vad!

[15:17] {Threei} still looks like short to me

[15:18] {Threei} no clear idea of entry though this time

[15:20] {Threei} .05 break

[15:20] {nemo} Qs javem

[15:20] {Threei} if stays under .15

[15:20] {Threei} inlvalidated

[15:35] {dino} out med .05, +.54

[15:35] {dptl} have a good evening all

[15:35] {Les} ciao dp

[15:35] {Threei} take care dp

[15:35] {nemo} volume pretty solid today

[15:35] {nemo} nice timing dino

[15:35] {dino} cya dp

[15:36] {dino} saw 31.11 ara resis

[15:36] {dino} area

[15:36] {dino} been ranging for hours

[15:37] {nemo} pretty thick to .20

[15:37] {dino} hits 30.50ish, will hit it again

[15:38] {dino} whr interesting around 98.75

[15:39] {Threei} US) Treasury official: support higher capital standards for financial institutions, but current provision on capital standards in Senate bill are unworkable

[15:39] {Threei} Senate cloture vote on Financial Regulation has begun

[15:39] {Threei} - 60 votes are needed in the procedural vote to end debate on the bill

[15:40] {nemo} might end flat on the day

[15:40] {dino} ubs reiterates ma target 298

[15:42] {Les} cool. I'm in

[15:42] {Threei} wacthing X for one last trade

[15:43] {Threei} .10 - .15 zone for bounce most likely

[15:43] {Les} wow V

[15:44] {nemo} WTF

[15:44] {dino} ma dump

[15:44] {dino} v too

[15:44] {Les} oh that is nasty

[15:44] {nemo} fat fingers

[15:45] {dino} ma sm l .00

[15:45] {Les} seems to be contagious

[15:46] {strider} Gotta run guys. See you in the morning.

[15:46] {strider} thanks, vad.

[15:46] {Threei} take care strider

[15:46] {dino} out ma .31, +1.31

[15:46] {Les} nice score dino

[15:46] {dino} lucky

[15:46] {Les} yeh friggin

[15:49] {dino} cya strider

[15:49] {dino} cya stride

[15:51] {nemo} V basically recovered all

[15:51] {Les} V has returned to previous price

[15:51] {nemo} dork

[15:52] {Les} :P

[15:52] {dino} ma drops again

[15:52] {Les} so this sort of volatility is to continue?

[15:53] {dino} dk les, dk

[15:53] {Les} sorry dino, rhetorical question

[15:53] {Les} 2 events in two weeks. I suspect yes

[15:54] {dino} que?

[15:54] {Les} apparently it was the norm during 1930's

[15:54] {Threei} I don't think this one qualifies

[15:54] {nemo} nah

[15:54] {nemo} Les is on drugs

[15:54] {Threei} 3 dollars dip ona volatile stock

[15:54] {dino} i will be on beer in 10

[15:55] {Les} 4% drop in 4 minutes on MA

[15:56] {nemo} De near the highs

[15:56] {dino} the efficient market

[15:57] {dino} feels like a casino this month

[15:58] {dino} out vit .56 -.29

[15:59] {dino} fin reg does not get 60 votes

[16:00] {Threei} CNBC: SENATE FAILS TO GET 60 VOTES NEEDED FOR CLOTURE ON FINANCIAL REFORM BILL; DEBATE WILL CONTINUE

[16:00] {larisa} bye :)

[16:00] {Les} ciao larisa

[16:01] {larisa} bye les :)

[16:01] {dino} cya larisa

[16:02] {Threei} thank you all

[16:02] {nemo} gnite

[16:02] {Threei} have a good evening, see you tomorrow

[16:02] {Threei} even you magoo

[16:02] {Les} ciao a domani

[16:04] {dino} later all tee time in 30

May 18 2010

The day started slowly but gradually developed into 100% one: 6 calls, 6 wins. No complaints here, really.

Session Time: Tue May 18 00:00:01 2010

[05:14] {KSystems} good morning

[07:59] {magoo} micMorning

[08:03] {Threei} ALTH Granted FDA Orphan Drug Designation for the Treatment of Bladder Cancer

[08:10] {Threei} US) Preview: April Housing Starts data due out at 08:30 ET (12:30 GMT)

[08:10] {Threei} - Housing Starts: Consensus expectations are 650Ke v 626K prior

[08:10] {Threei} US) Preview: Mar Producer Price Index and PPI ex Food & Energy due at 8:30 ET (12:30 GMT)

[08:10] {Threei} - Producer Price Index MoM: 0.1%e v 0.7% prior; YoY expected at 5.6%e v 6.0% prior

[08:18] {dptl} good morning

[08:19] {Threei} dp :)

[08:22] {nemo} Is there anybody out there?

[08:23] {Threei} yawn.. yeah

[08:28] {magoo} get to work, we could be up millions already he he

[08:28] {Threei} sorry sir

[08:28] {Threei} right away sir

[08:30] {Threei} *(US) APRIL HOUSING STARTS: 672K V 650KE; BUILDING PERMITS: 606K V 680KE

[08:30] {Threei} *(US) APRIL PRODUCER PRICES M/M: -0.1% V 0.1%E; PPI EX FOOD & ENERGY M/M: +0.2% V 0.1%E

[08:30] {Threei} - PPI YoY: 5.5% v 5.6%e

[08:30] {Threei} - PPI Ex Food & Energy YoY: 1.0% v 0.9%e

[08:34] {magoo} so alot of people started there house construction without permitds lol

[08:34] {magoo} APRIL HOUSING STARTS: 672K V 650KE; BUILDING PERMITS: 606K V 680KE

[08:35] {Threei} lol

[08:46] {Threei} (EU) ECB's Weber: Companies must contribute to financial reform; should not go back to old habits after economic recovery

[08:46] {Threei} what is the difference between "unbelieavable", I can't believe it" and impossible to believe"

[08:47] {Les} what is there to believe?

[08:47] {Les} hey , you've lived socialism

[08:47] {Threei} Europe

[08:47] {Les} does it work?

[08:47] {Threei} yes... that's why I can't believe world hasn't learned anything

[08:48] {Les} I dunno what game they're playing

[08:48] {Threei} I do

[08:48] {Les} Europe wants to scare everyone and everything

[08:48] {Threei} they play the same game that in the past lead to losing every time it was tried

[08:49] {Les} unless they take total control, yeh, they have to back down at some point

[08:49] {Threei} like a siren song... no one ever survived the encounter yet who of us can resist

[08:49] {Threei} if they take total control they die just as well

[08:49] {Threei} USSR was in total control

[08:49] {Threei} look wheat it got them

[08:49] {Threei} what

[08:51] {Les} what do you make of NBS? pullback that might be good for a long entry?

[08:51] {Les} or just flying crap?

[08:52] {Threei} stem cell...

[08:53] {Threei} haven't seen any of them hat wouldn't be just crap, sometimes flying...

[08:53] {Threei} sooner or later some will be exception of course

[08:53] {Threei} but so far look at any of them

[08:53] {Threei} STEM, ASTM, KOOL,

[08:53] {Threei} GERN

[08:54] {Les} might watch to see if top is in. given daily picture it might pullback and consolidate lower

[08:55] {Les} thanks for other name

[08:55] {Les} names

[09:02] {strider} Morning humans.

[09:02] {strider} Morning nemo.

[09:02] {nemo} wow...yawn

[09:02] {Threei} as a representative for humans: strider :)

[09:02] {strider} :)

[09:03] {nemo} I type pretty quickly with fins

[09:03] {strider} Put a fish in front of a typewriter, and eventually.......

[09:03] {Les} and bite like a shark

[09:03] {Threei} me too, with knees... it's just that I rarely get the right keys

[09:06] {Les} or maybe grazes like a dugong?

[09:09] {nemo} lari's back

[09:09] {Les} looks like yesterday afternoon was good reversal play

[09:09] {larisa} gm :)

[09:09] {Threei} larisa :)

[09:10] {dino} gm all

[09:10] {Threei} dino :)

[09:10] {nemo} :)

[09:10] {Les} hi dino, lari

[09:10] {larisa} :)

[09:11] {dino} :)

[09:12] {Les} hmm grind up close gap day?

[09:12] {ese} good morning....was in vancouver for 4 days.....hows it goin

[09:13] {Threei} ese :)

[09:13] {ese} morning vad

[09:15] {shorty} good morning

[09:15] {Threei} CYTK Announces Presentation of Non-Clinical Data From Its Smooth Muscle Contractility Program at the American Thoracic Society's 2010 International Conference (3.02, 0.00, 0.00%)

[09:15] {Threei} shorty :)

[09:19] {RonS} g'day mates :)

[09:19] {Threei} Ron :)

[09:20] {Threei} what's with Australian this morning, lol

[09:20] {Les} howzit goin?

[09:21] {Threei} no clear plays so far for the open

[09:21] {Threei} these big gaps mud the water

[09:21] {RonS} ...was in Japan...any whites I saw were Aussies...went to a club...the bounces was white...i said Howa doin mate...he said screw that..I'm from Alabama.

[09:22] {Threei} rofl

[09:22] {strider} top pre-mkt gainers: FRX VVUS BIDU X WMT

[09:23] {RonS} ...end of the world?...wmt a top gainer?

[09:24] {Threei} VVUS, Third Point took a stake, 1 mil sharesa

[09:24] {strider} FIS big drop

[09:25] {RonS} fis...bx deal dead

[09:25] {lasertrev} gm

[09:26] {Threei} trev :)

[09:27] {Threei} (PD) Polish Fin Min Rostowski: Euro Zone entry is possible in 2014, but would not rule out 2015-16 period for EMU entry

[09:27] {Threei} if there is what to enter by then, that is

[09:27] {Les} oof they have enough trouble borrowing swiss francs

[09:27] {magoo} vad, any new news gs?

[09:28] {Threei} yest midday

[09:28] {Threei} The Goldman Sachs Group Inc Fox's Gasparino comments again on potential for Goldman settlement with the SEC; sees signs that SEC may be showing a willingness to settle

[09:28] {Threei} - Gasparino reports that sources say the SEC has decided to not officially serve Goldman with the fraud complaint, giving Goldman an additional 60 days (instead of 30) to answer the complaint or file a motion to dismiss. Gasparino says that this shows the SEC may be more willing to settle the case.

[09:28] {magoo} ty

[09:29] {Threei} VVUS, quick pullback to abour 12.60, I'd be interested

[09:32] {jfjf64} mornin

[09:32] {Threei} jf :)

[09:32] {magoo} nice dump ford

[09:33] {Threei} UK) Chancellor Osborne: UK will impose a bank tax; opposes EU budget regulation proposals

[09:33] {Threei} - Notes UK informed the EU about its concerns over new hedge fund regulation proposa

[09:33] {Threei} HAUP

[09:34] {Threei} don't see any news

[09:35] {nemo} quiet gap up morning

[09:35] {magoo} wow F

[09:37] {magoo} wow IFLG vad

[09:37] {Threei} just gravity

[09:38] {dino} fdx sm l .00

[09:38] {magoo} L F .05

[09:38] {magoo} .99 stop

[09:40] {Threei} Long Setup: HAUP .10 break

[09:40] {Threei} if stays above 3

[09:41] {ese} L sina .34

[09:42] {dino} sm l vit .85

[09:42] {dino} thin

[09:42] {ese} out sina .58 +.24

[09:42] {shorty} wtg

[09:42] {ese} tks

[09:43] {dino} gj

[09:43] {magoo} F not looking good

[09:45] {dino} cyd sm l .29 thin

[09:46] {Threei} Short Setup: WFC .80 break

[09:46] {Threei} if stays below .90

[09:48] {dptl} in .78

[09:48] {dino} fdx strangely wide boid/ask today

[09:49] {dino} out fdx .77, +.77

[09:50] {Les} s ma 213 sm and wide

[09:50] {shorty} nice dino

[09:50] {dino} ty

[09:50] {magoo} F stopped

[09:50] {magoo} GS low vad

[09:51] {dino} out vit .66, +.37

[09:51] {Threei} one more pullback, holding above .35, then break .50, maybe

[09:51] {dino} oops, cyd i mean

[09:52] {Threei} like this

[09:52] {Threei} not anymore, too deep pullbacl

[09:52] {Threei} not ready yet mags

[09:52] {magoo} ty..agree

[09:52] {magoo} looky BIDU

[09:53] {dino} qcom l .25

[09:54] {Les} cover ma +.74

[09:55] {magoo} AIG strong vad, financials all weak

[09:55] {Threei} WFC, stop to .85

[09:55] {dino} gj les

[09:55] {Threei} touched 1:1

[09:56] {Threei} AIG, drop to .40 gets me interested

[09:56] {strider} long GS .03

[09:56] {magoo} might not drop

[09:56] {Threei} then it'll go without me

[09:56] {Threei} I am not chasing it here

[09:56] {magoo} 40 break im intereseted'

[09:56] {ese} vad what kind of scans are you looking at mostly these days

[09:57] {Threei} JBE, DBI, 2 days breaks, small stocks runningh

[09:57] {Threei} WFC, finally

[09:57] {dino} out qcom +.02, mkt dropping

[09:57] {Threei} over 1:1

[09:57] {ese} tks

[09:57] {Threei} I am out 3/4

[09:58] {shorty} out ty Threei.

[09:58] {Threei} stop to .80

[09:58] {Threei} ICXT... interesting daily

[09:58] {Threei} low volume...

[10:00] {Les} stopped gs -.14 looked good strider but market looks heavy s .78 sm and wide

[10:00] {Threei} keeping an eye on IMAX

[10:00] {strider} I'm in small with .50 stop

[10:00] {Threei} daily is seriously tempting

[10:01] {dino} or "pleasant to look at"

[10:01] {ese} L gild .73

[10:01] {Threei} lol dino

[10:02] {ese} out gild .75 +.02 same reason

[10:02] {ese} mrkt dropping

[10:03] {strider} stop GS

[10:04] {Les} out .26 + .52

[10:04] {Les} GS

[10:04] {jfjf64} lvs going downnnnnnnnnnnnnnnnn

[10:04] {dino} out vit .75 -.10

[10:04] {Les} damn MA keep underestimating it

[10:05] {magoo} LVS vad creamed

[10:05] {Threei} yes, on radar

[10:05] {Les} TIVO kicking the bucket. nearing 10 again

[10:06] {Threei} Angola Oil Min Vasconcelos: OPEC may call an extraordinary meeting if oil prices fall further

[10:06] {Threei} 70 is not enough enymore?

[10:06] {Threei} LVS, sharp drop to .90 for entry

[10:07] {Threei} with stop under .80

[10:10] {Les} dish 23 b/d?

[10:10] {Les} or lod?

[10:10] {Threei} bounce looks more likely to me

[10:10] {Les} ok

[10:11] {Threei} a bit on narrow side though

[10:11] {Threei} not sure it's a good pond to fish in

[10:12] {Threei} TIVO...

[10:12] {Threei} chart says short breakdown

[10:12] {Threei} common sense says no way

[10:13] {Threei} I would prefer a little pullback here, then break of 10.10 for long

[10:15] {Threei} mags, look where AIG bounced from

[10:15] {magoo} yup

[10:15] {magoo} not in tho

[10:15] {Threei} .40, cent precision

[10:16] {magoo} u read it well

[10:16] {Threei} LVS got away

[10:16] {Threei} never pulled back

[10:17] {Threei} 45 minutes, just one trade

[10:17] {dino} cyd l .00

[10:17] {nemo} gap up day

[10:17] {Threei} yeah

[10:17] {Les} s ma 210.04 risky but it has failed all support on 1 min. chart

[10:18] {dino} vit sm l .94

[10:18] {strider} long TIVO .11

[10:19] {Threei} EU) France PM Sarkozy and Spain Fin Min Zapatero aim to increase pace of Eurozone stabilization measures - unconfirmed report

[10:19] {Threei} scared to think how

[10:21] {Les} kill hedge funds, scare investors, reduce retirement benefits and close borders to trade

[10:21] {Les} voilà, I should be a politician

[10:21] {Threei} better yet

[10:21] {Les} cover MA +1.00

[10:21] {nemo} wow walmart up

[10:21] {Threei} nationalize economy

[10:21] {Les} right, forgot that one

[10:22] {Les} back to the franc fort policy

[10:22] {Les} TIVO dead?

[10:23] {strider} stop TIVO -.09

[10:23] {Threei} (IA) US Sec of State: Major UN powers have agreed on draft for Iran sanctions (related GLD USO )

[10:24] {Les} was long too strider stopped -.08

[10:25] {dino} cyd stopped-.11

[10:28] {Les} market slowing down

[10:28] {Threei} (US) Education Dept confirms Shireman to resign; will remain in advisory capacity to assist transition (related APOL ESI COCO CECO EDU DV )

[10:28] {Threei} APOL

[10:29] {Threei} hgetting buyers on this

[10:29] {Les} wow what was ESI's news yesterday?

[10:29] {Threei} nah, this theme obviously played out yestreday

[10:29] {Les} right

[10:30] {dino} dv sm s .40

[10:32] {strider} sh BP .30

[10:32] {Threei} (US) US Treasury plans to announce new initiative to spur lending

[10:32] {Threei} - Note that this new credit initiative includes $20B in lending aid.

[10:32] {Threei} - More details to be announced at 13:00ET during a House hearing.

[10:33] {dino} ndx open gap fill, s/p next

[10:33] {strider} stop .38 BP

[10:34] {shorty} see you guys in a bit

[10:34] {dino} cya

[10:35] {dino} idsa sm l .76

[10:36] {dino} thin wide

[10:36] {Les} MA sm l .51

[10:39] {strider} stop to b/e BP

[10:39] {dino} cov dv flat

[10:39] {strider} cover stop -.01

[10:40] {dino} fdx sm l .75

[10:41] {Les} MA stopped -.90

[10:41] {Les} not ready

[10:42] {strider} GS dbl bottom

[10:43] {Les} sm l MA 207

[10:43] {Threei} what are you doing?

[10:43] {Threei} market drops, MA drops

[10:44] {Threei} what's with arbitrary bottom picking?

[10:44] {nemo} yeah, what pattern?

[10:44] {Les} pivot, but not holding

[10:45] {dptl} xto?

[10:46] {Threei} no read XTO

[10:47] {dptl} ok ty...thought break .80 short

[10:49] {dino} fdx stopped -.32

[10:49] {dino} s/p gap fill

[10:50] {Les} cover bp +.22 ty strider

[10:51] {Les} cover MA +1.30

[10:51] {Les} trend is your friend

[10:51] {dino} gj

[10:51] {larisa} "sm l" means you were short? :)

[10:52] {Threei} lol

[10:52] {Threei} I was wondering the same

[10:54] {Les} no cut my loss and reversed

[10:54] {Threei} watching LVS for short

[10:54] {Threei} with market reversal

[10:56] {Threei} no clear setup yet

[10:58] {Threei} brisk move over .10, then watch for recross back down

[10:59] {Threei} grrr

[10:59] {Threei} having right idea doesn't help, exat etry gets away

[10:59] {Threei} exact entry

[11:01] {dino} fdx rinsed

[11:01] {dino} intc l .55

[11:05] {dino} ctsh sm l .51

[11:09] {Les} MA sm l .06

[11:10] {jfjf64} byd lots vol today

[11:11] {Threei} US) US Senate Democrats considering amending legislation to allow for unlimited liability in oil spills

[11:13] {shorty} Are we in anything?

[11:15] {dino} i am

[11:17] {shorty} I know you are dino. :)

[11:17] {dino} :D

[11:22] {Les} ma stopped

[11:23] {strider} HSC

[11:24] {dino} out intc .73, +.18

[11:25] {Threei} Short Setup: LVS .10 break

[11:25] {Threei} if stays under .15 for scaslpers, .20 for day traders

[11:26] {nemo} wow

[11:26] {Threei} too sharp

[11:26] {Threei} cancel; that

[11:26] {Threei} don't wabt to short into long red bar if it triggers that way

[11:27] {nemo} .20 was the open

[11:29] {Threei} no shoeting, tide seems to have reversed

[11:39] {Threei} no trades ahywhere I look

[11:39] {Threei} AIG .80 breakdown was one that worked but not something I was willing to call

[11:39] {larisa} 39.80?

[11:40] {Threei} lol

[11:41] {larisa} and i was not trying to make a joke :)

[11:41] {Threei} I am easily amused

[11:44] {Threei} New stock specific circuit breaker rules could reportedly begin 6 month pilot program on June 14; details remain under discussion - unconfirmed report

[11:44] {Threei} - rules could be announced as earler as Today

[11:45] {Threei} something tripped the market

[11:45] {Threei} don't see any news

[11:47] {Threei} that LVS trigger did work after all, lol

[11:48] {shorty} oh well

[11:48] {larisa} 38.77 was pivot

[11:48] {larisa} sorry, looking at aig :)

[11:48] {Threei} Long Setup: AIG .50 break

[11:49] {Threei} half lot

[11:49] {shorty} lol

[11:49] {nemo} oh well

[11:49] {shorty} lol

[11:50] {shorty} WFC b/d .10 Threei?

[11:50] {Threei} over 1:1

[11:50] {nemo} out ty

[11:50] {Threei} :)

[11:51] {Threei} 2 and half hours, second trade

[11:51] {nemo} I got .47 on the pull back

[11:51] {Threei} not sure abou that one shorty... if market sells off like crazy, yes

[11:51] {Threei} otherwise, a bit overextyended

[11:51] {shorty} ok thanks

[11:53] {Threei} back to AIG short, there was a huge bid at .80, larisa

[11:53] {Threei} its break was my indication for short

[11:53] {Threei} but trade looked so unsafe, I never found the heart to call it

[11:55] {larisa} :)

[11:55] {Threei} it of course was the day low at the moment

[11:55] {Threei} not like bid alone was indication

[12:00] {dptl} short hpq .29

[12:03] {Threei} nice dp

[12:03] {Threei} 1;1

[12:03] {dptl} out.17 ty

[12:04] {Threei} even though I am not sure for what, but hey - you are welcome

[12:04] {dptl} {&Threei} nice dp :)

[12:04] {Threei} oh wait, I know... I taught you that setup

[12:04] {nemo} ahh missed wfc short

[12:04] {Threei} there :)

[12:04] {nemo} although volume coming in

[12:04] {dptl} :)

[12:05] {Threei} EXPE...

[12:05] {Threei} .30 break short

[12:05] {Threei} .28 big bid

[12:05] {nemo} va volume cme in on wfc and didn't get the offers to lift

[12:06] {Threei} EXPE CEO: Evaluating possible acquisitions in Europe; a weaker euro is a negative for the company overall - conf comments

[12:06] {Threei} - notes that the Iceland volcano is a negative impact

[12:07] {nemo} stop here vad?

[12:07] {Threei} no, .40 is resistance

[12:10] {Threei} VVUS...

[12:12] {dino} qcom l .70\

[12:17] {Threei} let's scratch EXPE

[12:17] {Threei} no read really

[12:17] {Threei} can do anything

[12:17] {nemo} lunch time

[12:17] {nemo} I think I'll have a liquid one

[12:17] {Threei} no harm

[12:17] {Les} inverted h&s spy?

[12:17] {Threei} yeah, sure looks like that

[12:17] {nemo} and Qs

[12:18] {Les} then GO YA BASTARD!!!!

[12:18] {Les} get up there

[12:18] {Les} I'm fine now

[12:18] {Threei} thank goodness

[12:21] {Threei} DB Strength attributed to reports German govt is moving closer to action on limiting nake short selling (61.79, +0.55, 0.90%)

[12:21] {Threei} poor things

[12:21] {Threei} they think it'll help

[12:22] {Threei} the only one who is going to be upset about prohibition on naked short selling is magoo

[12:22] {Les} damn expe works

[12:22] {Threei} shrug

[12:22] {Les} very rude

[12:22] {shorty} covered EXPE .18..ty Threei

[12:22] {nemo} naked short selling should be limited

[12:23] {Threei} welcome

[12:23] {Threei} to good looking short sellers, nemo?

[12:23] {nemo} ?

[12:23] {Threei} sigh... never mind

[12:23] {nemo} only the fed can make stuff out of thin air

[12:23] {nemo} ahhh sorry

[12:23] {dptl} vrsn?

[12:23] {nemo} get it

[12:23] {nemo} good one actually

[12:23] {dino} i will be happy to have magoos' naked trading banned

[12:24] {Threei} dp, this is something out of parallel universe

[12:24] {Threei} 52 week high break, today?

[12:24] {Threei} well.. it might be justr crazy enough to work

[12:24] {dptl} ok ....ye wierd

[12:25] {Threei} - in negotiating for votes on the EU financial backstop plan, some legislators in Germany have demanded it go hand in hand with new regulation on the financial sector including a ban on naked short sales (initially surfaced as a possibility a few months ago) as well as potentially imposing a fiancial transaction tax (Tobin tax) on the industry to help pay for the EU backstop.

[12:25] {nemo} there goes vrsn

[12:25] {dino} never admit it was budget issues

[12:25] {dptl} ah..missed it

[12:25] {Threei} take scalp if went for it, IMO

[12:26] {Threei} when smackdown comes it will be brutal

[12:26] {dptl} damn russian tv...missed it lol

[12:27] {Threei} ah those figure scaters... highly distractive dp

[12:28] {dptl} lol...no, it's a news lady

[12:28] {Threei} what. nakednews.com is still running?

[12:28] {dptl} roflol.....

[12:29] {dptl} you know them too?

[12:30] {Threei} it was a hot thing in Russia abour 10 years ago

[12:30] {Threei} I though I was joking... are they still around??

[12:30] {RonS} ...until winter came...

[12:31] {dptl} yes they are

[12:31] {Threei} ok... not making any naked jokes anymore... zero for two

[12:35] {shorty} This is funny: I like American news sometimes. http://www.break.com/index/anchor-asks-totally-inappropriate-question.html

[12:36] {nemo} hehehehe

[12:38] {nemo} wow V

[12:38] {dptl} vrsn still going

[12:38] {Threei} and no news

[12:38] {Threei} just shows you how out of whack everything is

[12:41] {RonS} ...fundies out with new positon report...maybe vrsn is up on that...byd moving due to Paulson interest

[12:41] {Threei} BYD, yes

[12:42] {Threei} there were quite a few stocks on that Paulson list

[12:44] {RonS} 3i, aig .72 break = long w/ market help?

[12:44] {Threei} not my fasvorite

[12:44] {Threei} very random

[12:44] {Threei} AIG doesn't move like this

[12:45] {Threei} toss a coin, will be very similar to this play outcome

[12:45] {Les} imax holding up. looking at 20 break if market rallies?

[12:45] {Threei} I think so

[12:46] {Threei} I'd prefer IMAX to break out tomorrow

[12:46] {Threei} daily would have been ideal for such play

[12:48] {dino} you know, my 3 day in 1 theory is incorrect, most days its like 4 in 1.

[12:48] {RonS} ...plus it rains sometimes...

[12:48] {dino} lol

[12:48] {Threei} rofl

[12:49] {dino} raining here, pretty much every other day this month

[12:49] {RonS} ...finally had the last snow last week...i think

[12:50] {Les} starting to clear up here this wek

[12:50] {dino} we had flurries about 10 days ago

[12:50] {Threei} jeez

[12:50] {Threei} are we on the same planet?

[12:51] {Threei} http://photography.realitytrader.com/2010/05/few-delicious-landscapes.html

[12:51] {Threei} this is what we have

[12:51] {RonS} ...it is all al gore's world and we just live on it

[12:51] {Threei} and I've got a few dozens more, even more delicious... didn't have time to prepare them

[12:52] {RonS} ...the northwest has been one of the few beneficiaries of global warming...enjoy it while the rest of us freeze

[12:55] {ese} can hardly wait for summer.....can get back to this more on a full time basis

[12:55] {ese} my phone is ringing off the hook these days

[12:56] {Threei} IMAX consolidates,, more or less

[12:59] {Les} vrsn b/d of 28

[13:00] {nemo} yeah

[13:02] {Les} out vrsn +.10

[13:03] {Threei} AONE UPDATE: Noble Financial Raised AONE to Buy from Hold

[13:03] {Threei} - pre-open

[13:03] {Threei} Noble Financial?

[13:03] {Threei} sounds like someone who would pgrade simply because they are "clean energy"

[13:03] {Les} crap smackdown in vrsn is good

[13:03] {Threei} yeah

[13:04] {dptl} bp short?

[13:05] {Threei} probably

[13:05] {dptl} in.98

[13:05] {Threei} fast and easy

[13:06] {Threei} just as we like'em

[13:06] {Threei} 1;2

[13:06] {dptl} +.10 out

[13:06] {Threei} GE) Germany Chancellor Merkel: In support of the financial transaction (tobin) tax

[13:06] {nemo} oh shit

[13:06] {Threei} and I thought germany was last pillar of common sense in Europe

[13:07] {Les} she said elsewhere that she is not in favour

[13:07] {Les} wish they'd make up their friggin minds

[13:08] {Les} There is widespread concern among the gathered ministers that such a tax could make investors wary of doing business in the EU. German Chancellor Angela Merkel had also recently made it clear that she was skeptical of a financial transaction tax,

[13:08] {Les} double think

[13:08] {Les} welles would be proud

[13:10] {RonS} .kill the euro...the finnies et al. vix at hod

[13:13] {Threei} that change of heart could be a result of negotiations with US, Les

[13:13] {Threei} if they synchronize such step

[13:13] {nemo} Geithner, et al. have been against the tax

[13:15] {nemo} http://www.entdecke-deutschland.diplo.de/Vertretung/entdeckedeutschland/en/__pr/2010__taegliche__Nachrichten/Mai__2010/100517-2,archiveCtx=2564744.html

[13:16] {Threei} in case you worried,

[13:16] {Threei} EUR/USD (EU) EU's Rompuy: Euro fundamentals are safe and sound (related EUR/CHF EUR/JPY )

[13:16] {nemo} that'll make me sleep better

[13:16] {Les} Oh I like Euro fundamentals for our summer holidays

[13:21] {RonS} ...the euro/yen cross is falling apart 113.58 from in the 115's earlier

[13:21] {Threei} GE) German Finance Ministry confirms to ban naked short selling on 10 large German comapnies effective midnight

[13:22] {dino} big whoop

[13:23] {RonS} and euro-region government bonds

[13:24] {Threei} short selling ban would also apply to naked sales of CDS on Euro Govt bonds

[13:24] {dino} naked shorts through, not short selling

[13:24] {Threei} yeah

[13:24] {dino} that rule is already in usa

[13:24] {Threei} what's the probelm... ban it

[13:24] {Threei} and enforce it

[13:25] {dino} lol, good luck on enforcing

[13:25] {Threei} hehe

[13:25] {Threei} anyway, no ine will miss it but magoo

[13:25] {Threei} and dp

[13:26] {dino} the problem i see, is they are about to go nuclear on this speculator war and outright ban shortselling if things get worse

[13:26] {Threei} yup

[13:26] {Threei} and when it doesn';t work, they close market

[13:26] {dino} fdx sm l .00

[13:26] {Threei} and nationalize everything

[13:27] {dino} yes 3i, it will not work, will kill liquidity and crash markets

[13:27] {Threei} because they only have best intentions and know better

[13:27] {Threei} the only reason I am not delighted is, I have seen this movie already... I'll be bored

[13:28] {dino} their morals are screwed up. they think "feel sorry" while it should be "be productive"

[13:29] {RonS} ...fee rings...woh, woh, woh

[13:30] {Threei} well, they don't even hear how ridiculous their motto phrases sound.. my favorite:

[13:30] {ese} nvda triple bottom on 30min chart

[13:30] {Les} vrsn

[13:30] {Threei} Governemenrt should help

[13:30] {Threei} VRSN Have reportedly been approached by potential buyers for security business - unconfiremed report (27.80, +0.96, 3.58%)

[13:30] {ese} just my style these days......with the amouynt of time i get with you all.......slow moving

[13:31] {Threei} - Note: Earlier today reports circulated that the CEO had pulled out of a conference, which was promptly followed up by reports that it was due to a 'scheduling conflict'

[13:31] {Threei} Governemenrt should help taxpayers

[13:32] {Threei} the more you think of this, the more you wonder...

[13:32] {RonS} ...classic rumor starter...

[13:33] {ese} gotta go see you all tomorrow....

[13:33] {Threei} take care ese

[13:33] {dino} cya

[13:33] {ese} cya vad

[13:33] {ese} dino

[13:33] {Les} ciao man

[13:34] {RonS} Harvey Korman...Count de Monet

[13:36] {magoo} DNDN

[13:36] {magoo} DNDN

[13:37] {Threei} DNDN Hearing takeover chatter circulating (44.67, +1.27, 2.93%)

[13:38] {RonS} uron/jpy lod

[13:39] {RonS} eruro

[13:39] {RonS} jeez euro

06[13:39] * nemo slaps RonS around a bit with a large dictionary

[13:39] {Threei} sorry Ron

[13:39] {Threei} this is my fault

[13:39] {nemo} ?

[13:39] {RonS} 113.32

[13:39] {Threei} my typing is conragious

[13:40] {Threei} r=t

[13:40] {dino} 122.40

[13:40] {dino} fxe

[13:43] {nemo} o.k. what's going on with laser? look at the activity log

[13:43] {dino} fdx stopped -.31

[13:43] {Threei} some wierd coding, lol

[13:43] {RonS} 113.23

[13:44] {larisa} someone is cursing in russian :)

[13:44] {nemo} Trev?

[13:44] {shorty} Colonel killed in Afghanistan. http://www.cbc.ca/world/story/2010/05/18/kabul-afghan-blast.html

[13:44] {RonS} vix hod

[13:44] {Threei} it can be swuahili just as well larisa :)

[13:45] {RonS} 113.18

[13:46] {RonS} 113.10

[13:47] {RonS} ...i am thinking the PPT's are going to rip this thing back up

[13:49] {nemo} it wouldn't surprise me for today to go like yesterday

[13:49] {dino} ron, why eu/jp? why not fxe?

[13:50] {RonS} ...recognition last week by many that the euro/jpy has been preceding the market...it works until it does not...

[13:51] {dino} hmmm

[13:52] {RonS} ...from here though i think the tell is in the vix...it is not up much yet...but at the hod

[13:55] {dino} shhesh, the govt gets involved and v loses a year worth of gains in a week

[13:55] {lasertrev} sorry, someone sent there message to everyone by mistake

[13:56] {nemo} that's what the red is

[13:56] {lasertrev} not sure what that is? russian u say Vad?

[13:56] {Threei} I don't know, wrong coding

[13:58] {dino} intc l .52

[14:05] {Threei} bounce or further down...

[14:06] {nemo} well, you got the left side of inverted H&S on spy and qs

[14:08] {Les} wow just saw midday plunge yesterday. impressive

[14:09] {Threei} recovery was even more so

[14:09] {Threei} ok... feels like some bounce is in order

[14:09] {Threei} Long Setup: AIG .90 break

[14:10] {Threei} modification

[14:10] {Threei} .85 break

[14:10] {Threei} if stays above .75

[14:11] {dino} vit sm l .10

[14:11] {magoo} in

[14:11] {Threei} not a scalp for me

[14:11] {nemo} missed it

[14:15] {Les} all out +.07 1k scalp only ty

[14:15] {Threei} sure thing

[14:16] {nemo} 1:1

[14:18] {Threei} over 1:1, 1/3 out

[14:18] {Threei} .97

[14:19] {Threei} stop to under .80

[14:20] {nemo} I thought after 1:1 stop goes to be

[14:20] {Threei} out

[14:21] {Threei} on volatile ones if I really want to give them a bit more room, I trail more looselyand alwats alert if I do so

[14:21] {nemo} gotcha

[14:28] {dino} fcx sm l .25

[14:28] {dino} gap filled

[14:29] {dino} fdx sm l .25

[14:30] {Threei} F Moody's raises rating on Ford and Ford Motor credit one notch to B1 from B2

[14:30] {Threei} - affects $65B in debt

[14:31] {nemo} oohhhh this is looking heinous

[14:31] {larisa} panic on MA

[14:32] {Les} damn reading story to kids missed it

[14:32] {Threei} dump kids

[14:32] {Les} lol

[14:33] {nemo} look at v

[14:33] {Les} making an effort. allowed trading to take up too much of evening. finding balance is hard.

[14:34] {Les} so credit is no longer cool

[14:35] {Les} waiting for the bounce

[14:37] {dino} fcx stopped, fdx stopped

[14:37] {larisa} my mistake, 1 point drop on MA in 2 sec is not a panic, it is normal trading :)

[14:37] {dino} v dropped too

[14:37] {Les} the new AIG

[14:38] {RonS} euro/jpy busting 113...finnies murdered

[14:38] {Threei} actually... for MA it pretty much is, larisa :)

[14:44] {dino} rinses

[14:44] {Threei} AIG, watch fpr pullback under .60

[14:44] {Threei} with long entry with stop under .50

[14:46] {Threei} I seriously don't remember a day when I found just three trades to call

[14:46] {Threei} 3 for 3 though, so it's fine with me

[14:47] {Les} ah come on. I remember a one trade day in last 6 months

[14:47] {Les} at least it hasn't been boring

[14:48] {nemo} mmmhhhh....anybody believe Les?

[14:49] {Les} I don't need your affirmation. I have it here right in my own mind

[14:49] {strider} I believe less than you do.

[14:49] {nemo} stand up Les, it'll take pressure of your brain

[14:49] {RonS} ...i believe he read a book...

[14:49] {Les} hehehe

[14:50] {Les} that was funny

[14:51] {Threei} that was the day when I got disconnected for 7 hours out of 7 and half Les

[14:52] {Threei} EUR/USD Sets fresh 4 year low at 1.227

[14:52] {Threei} wolfpack at the door eh

[14:52] {Les} nah nah nah

[14:53] {Les} I was here just a couple of months

[14:53] {dptl} bp d/bottom?

[14:53] {Les} you were recounting it was like trading summer months

[14:53] {Threei} very much depends on markert dp

[14:53] {Les} dead days as market slowly melted up

[14:53] {Threei} either that or another breakdown

[14:53] {Threei} watch AIG

[14:54] {dptl} ok ty

[14:54] {Threei} coes to the formation I had in mind

[14:55] {Threei} BP is looking more like short, lol

[14:55] {Threei} AIG 1:1

[14:55] {dino} ma sm l .04

[14:55] {nemo} what call?

[14:55] {dino} out ma .45, +.41

[14:56] {Threei} 14:44] {Threei} AIG, watch fpr pullback under .60

[14:56] {Threei} [14:44] {Threei} with long entry with stop under .50

[14:56] {Threei} pay attention, man...

[14:56] {nemo} oh, that was awhile ago

[14:56] {nemo} sorry

[14:56] {jfjf64} nice nice

[14:56] {Threei} so I reminded:

[14:56] {Threei} [14:53] {Threei} watch AIG

[14:56] {Threei} [14:54] {dptl} ok ty

[14:56] {Threei} [14:54] {Threei} coes to the formation I had in mind

[14:56] {strider} I got .56, out at .74

[14:56] {Threei} :)

[14:57] {Threei} that's 4 calls... wow

[14:57] {Threei} BP...

[14:57] {Threei} Short Setup: BP .50 break

[14:57] {nemo} got support down to .43

[14:57] {RonS} euro/jpy busted yeserday's lod and is now 112.64...heading for 5/16 low

[14:59] {dino} fxe new 52 wk low

[15:02] {strider} vxx hit 29

[15:03] {Threei} scalpers got 1:1 BP

[15:03] {jfjf64} nice nice

[15:04] {RonS} new 4 year low

[15:04] {RonS} eu/jpy 112.221

[15:04] {RonS} 112.09

[15:04] {Threei} day traders are about to

[15:04] {Threei} stop to .55 for day traders too

[15:07] {Les} gs

[15:07] {strider} would be nice if Laser adjusted charts for splits.

[15:08] {Threei} scalpers win

[15:10] {Threei} bounce or not...

[15:13] {Les} out gs +.36

[15:20] {Threei} let's see if we get pullback deep enough for safe entry

[15:21] {strider} what?

[15:21] {Threei} BP, AIG

[15:21] {Threei} BP I want under .60

[15:22] {Threei} ok

[15:22] {Threei} recross hunt

[15:22] {Threei} with an eye on SPY

[15:23] {Les} ma held strong on pullback

[15:30] {Threei} .42 long

[15:30] {Threei} if holding .35

[15:30] {Threei} BP

[15:30] {nemo} that was interesting saw 45.38 on bp immediately followed by .51

[15:31] {shorty} have a good day guys.

[15:31] {Les} ciao shorty

[15:31] {Threei} take care shorty

[15:32] {Threei} invalidated

[15:33] {Les} ma loco..

[15:34] {Les} gs

[15:36] {Threei} missed BP bounce

[15:38] {Threei} Long Setup: AIG .60 break if stays above .50

[15:38] {Threei} last one for today

[15:42] {Threei} 1;1

[15:45] {Les} out .71 missed the top ty

[15:45] {Threei} sure

[15:46] {Les} can't believe MA

[15:46] {dino} clf sm l .25

[15:46] {Threei} US Senate Votes against Corker (R-TN) Amendment in Senate financial reform bill

[15:46] {Threei} - Corker amendment was to remove the 'skin in the game' provision for banks to retain 5% of risk in securitized assets

[15:46] {Threei} - Vote was 43-55

[15:46] {Threei} - Note: OCC"s Dugan in the past had spoken against the 'skin in the game' provision as some elements may be 'too' rigid

[15:47] {dino} more like lobbying $ got to him

[15:51] {Les} interesting day. c u's tomorrow

[15:52] {Threei} take care les

[15:52] {dptl} good evening all

[15:52] {Threei} take care dp

[15:54] {Threei} AIG 1:3 almost

[15:55] {nemo} oh crist I was out when it went back to trigger

[15:56] {Threei} VRSN Near deal to sell security division to SYMC for approx $1.3B - WSJ (related SYMC )

[15:56] {dino} out qcom +.07, out intc -.03

[15:58] {dino} out clf -.12

[15:59] {dino} nice v, ma bounces

[16:00] {Threei} thank you all

[16:00] {larisa} $8 bounce MA, after all, it was a panic at 196:)

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {larisa} bye all

[16:00] {nemo} c ya

[16:00] {Threei} lol larisa

[16:00] {dino} feels like a panic at 220, imo

[16:01] {larisa} stock is drama queen :)

[16:01] {Threei} MA begs to differ

[16:01] {Threei} it thinks it's cool and calm

[16:02] {larisa} :)