Jun 03 2010

Having to replace my harddrive today, publishing this bit so far and hope to be back before close.

Countertrend play for bounce after the sharp drop with deployment of our "mini-range recross" method. Chart with annotations is pretty much self-explanatory. In a few min we repeated close setup with LVS.


Session Start: Thu Jun 03 08:18:28 2010
Session Ident: #discussions
03[08:18] * Now talking in #discussions
[08:18] {nemo} AWIAV?
[08:26] {magoo} making my eading and chart rounds
[08:27] {magoo} reading
[08:27] {Threei} *(US) MAY ADP EMPLOYMENT CHANGE: 55K V 70KE
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 453K V 455KE; CONTINUING CLAIMS: 4.666M V 4.61ME
[08:30] {Threei} *(US) Q1 FINAL NONFARM PRODUCTIVITY 2.8% V 3.4%E; UNIT LABOR COSTS: -1.3% V -1.4%E
[08:38] {magoo} i like the FAs and FAZ trade vad, been doing well with thm
[08:39] {Threei} yeah, I kept awat from them after first split, second made them playable again
[08:46] {magoo} mkts have NOT closed green 2 days in a row since april 22 & 23
[08:46] {magoo} S&P 500
[08:46] {Threei} after that relentless rally, only fair :)
[08:51] {Threei} (HU) EU's Barroso: Hungary needs to implement more structural reforms (related EUR/HUF CE4FX )
[08:51] {Threei} HungaryL look who is talking
[08:56] {dptl} morning
[08:57] {Threei} dp :)
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:11] {Threei} why is BP happy
[09:11] {Threei} well, less happy than hour ago, but atill
[09:11] {nemo} oversold bounce....for now
[09:11] {Threei} nothing but troubles
[09:11] {larisa} gm :)
[09:11] {Threei} larisa :)
[09:12] {larisa} :)
[09:14] {RonS} gm all
[09:14] {Threei} Ron :)
[09:15] {Threei} British Petroleum plc Moody's downgrades ratings by one notch to Aa2 from Aa1; on review for further possible downgrade
[09:15] {Threei} - Affects $25.1B in debt
[09:15] {Threei} - Cites: Today's downgrade of BP's long-term debt ratings reflects Moody's expectation that the protracted oil spill in the Gulf of Mexico, caused by the explosion on the Transocean Deepwater Horizon drilling rig, will result in significant containment and clean-up costs as well as litigation costs. Moody's expects these costs to weigh significantly on BP's free cash flow generating capacity and to constrain its ability to focus on other key areas of the company's business in the near to intermediate term
[09:15] {Threei} ** Earlier in the session Fitch downgraded rating by one notch to "AA" from "AA+"; Placed on watch negative
[09:18] {RonS} hmmm...why is Europe up so much when their retail sales came in at the Oct 2008 level?
[09:18] {nemo} oversold bounce
[09:18] {Threei} yeah
[09:18] {Threei} no particular reason beyond that
[09:19] {shorty} morning all
[09:19] {Threei} shorty :)
[09:20] {RonS} did ya hear?...Obama became the first President in history to pre-announce the employment number...
[09:20] {nemo} short stuff
[09:20] {nemo} yeah, I put the link up yesterday
[09:20] {Threei} guys, my overnight attempts to save harddrive gave no result, so will have to replace it
[09:20] {Threei} thankfully, full backup is in place
[09:21] {Threei} will have to leave for a few hours at around 11 am
[09:21] {Threei} and if everything goes as planned, will be back before close
[09:21] {RonS} bummer...i hate that stuff...
[09:21] {Threei} yeah
[09:21] {Threei} second time within a year
[09:22] {Threei} I don't know what seagate makes them of
[09:22] {Threei} I am familiar with signs now, and keep backup regularly updated
[09:23] {Threei} those three disconnects yesterday, that was my computer rebooting itself
[09:25] {dino} s/p has not been up two days in row since april 22 and 23
[09:26] {nemo} is there an echo?
[09:26] {Threei} [08:46] {magoo} mkts have NOT closed green 2 days in a row since april 22 & 23
[09:26] {Threei} [08:46] {magoo} S&P 500
[09:26] {Threei} [08:46] {Threei} after that relentless rally, only fair :)
[09:26] {ese} god morning.....am back from Abbotsford
[09:26] {nemo} today will be the first
[09:26] {nemo} sounds like a Jane Austen novel ese
[09:26] {lasertrev} morning all
[09:26] {ese} hmmmmm now that you mention it
[09:26] {dino} lol, opps
[09:27] {ese} learned something about Abbotsford though...........
[09:27] {Threei} ese, trev :)
[09:27] {nemo} I thought today was awful peaceful...no Les
[09:27] {ese} murder capitol of Canada
[09:27] {RonS} ...was wondering where the pester Lester was...
[09:27] {Threei} seriously?
[09:27] {Threei} that title was firmly help by winnipeg for many years
[09:27] {ese} yup
[09:28] {RonS} ese, where is it?
[09:28] {Threei} held
[09:28] {ese} very serious
[09:28] {ese} more dope smuggling across the border there than anywhere else in the country
[09:28] {shorty} wow, never would have thought that ese.
[09:28] {ese} me either
[09:31] {Threei} Short Setup: BP .80 break half lot
[09:31] {Threei} if stays under .95
[09:31] {Threei} not in a short list
[09:32] {Threei} oh well
[09:32] {nemo} wonder why
[09:32] {shorty} In .79
[09:32] {nemo} what's with cstr?
[09:32] {Threei} GLDD Strength attributed to company benefiting from the construction of sand berms on Louisiana coast line (6.71, +0.76, 12.77%)
[09:32] {nemo} wow
[09:32] {nemo} 3 points two minutes
[09:33] {Threei} ?
[09:33] {nemo} cstr
[09:34] {Threei} - GLDD provides marine dredging services in the Gulf
[09:34] {jfjf64} f
[09:35] {Threei} BP 1:1
[09:35] {nemo} fas just spiked down
[09:35] {magoo} faz spike
[09:35] {nemo} really?
[09:35] {shorty} out 1:1 BP ty Threei
[09:35] {Threei} :)
[09:35] {nemo} shorty got a good "Short" list
[09:35] {jfjf64} late to party
[09:36] {jfjf64} grrrrrrr
[09:36] {jfjf64} hd problems server
[09:36] {shorty} nope
[09:36] {nemo} spy should bounce here
[09:37] {Threei} watching HAL for bounce
[09:37] {Threei} half lot
[09:37] {Threei} .70 break
[09:37] {Threei} if stays above .60
[09:38] {Threei} invalidated
[09:38] {Threei} not off radar
[09:39] {Threei} watching for double bottom if dives closer to .60 again
[09:39] {Threei} ok, 65 break
[09:39] {Threei} if stays above .55
[09:40] {nemo} in
[09:41] {Threei} no go
[09:42] {Threei} .55 break
[09:42] {Threei} if holding .50
[09:43] {jfjf64} uaua has feel momo
[09:43] {Threei} 1:2
[09:43] {Threei} half out
[09:43] {Threei} 1:3
[09:44] {ese} L mu .43
[09:46] {jfjf64} uaua l .41
[09:49] {nemo} .
[09:49] {Threei} 1:4, 1/4 more out
[09:49] {Threei} stop to under .60
[09:50] {Threei} 1:6, out in full
[09:50] {Threei} +.30
[09:50] {jfjf64} 1/1 uaua
[09:51] {jfjf64} half out
[09:52] {jfjf64} stop at .45 remainder
[09:53] {ese} out mu even......hmmmmmmm
[09:53] {jfjf64} gone
[09:53] {ese} goin nowhere fast
[09:54] {Threei} BP just can't raise its head
[09:54] {Threei} too bad short's unavailable
[09:54] {Threei} this is bound to become the best comic line of the day:
[09:54] {Threei} (EU) EU's Juncker: There is a clear need for a European credit rating agency
[09:55] {ese} what on your radar dino?
[09:55] {Threei} yours are no good, we want our own that will keep our marks high
[09:55] {magoo} look LVS vad
[09:56] {Threei} LVS needs good pullback
[09:56] {Threei} to aboput .80 - .90
[09:57] {jfjf64} rimm got some giddy up
[09:57] {RonS} ...reports in 2 minutes...
[09:57] {shorty} Feel free to call BP short calls for me Threei....
[09:59] {dino} ese, nothing yet, searching.... bj, jngw?
[09:59] {jfjf64} xom 5 min
[09:59] {nemo} fas pulled back (slightly to support)
[10:00] {ese} tks
[10:00] {Threei} US) APRIL FACTORY ORDERS: 1.2% V 1.8%E
[10:00] {Threei} *(US) MAY ISM NON-MANUFACTURING: 55.4 V 55.6E
[10:00] {Threei} LVS becomes interesting
[10:01] {Threei} one more leg down please
[10:02] {nemo} market didn't like those
[10:02] {Threei} ok
[10:03] {Threei} .90 break
[10:03] {Threei} if stays above .85
[10:03] {Les} give me something to kill!!
[10:04] {Les} mrongin
[10:04] {Threei} should be good for more than 1:1
[10:04] {nemo} 1/2 out
[10:05] {Threei} 1:2, half out
[10:05] {Les} half out ty
[10:06] {Threei} vene vidi vici
[10:06] {dino} pot, mos, cf, fcx, clf
[10:06] {Les} ty dino
[10:06] {shorty} Out full...ty again Threei.
[10:06] {Threei} :)
[10:06] {jfjf64} ty 3i
[10:06] {Les} absolutely. or as your american soldiers like to scream in bootcamp "kill, kill, kill, with cold blue steel"
[10:06] {nemo} ?
[10:06] {nemo} moron
[10:07] {Les} but vene vidi vici has a touch of class
[10:07] {nemo} we sing "singing in the rain" as we kick heads across the field
[10:07] {Les} ooh now you really worry me nemo
[10:07] {shorty} lol
[10:07] {Threei} CROX Hearing takeover chatter circulating
[10:07] {Threei} - Deckers named as interested in company (10.56, +0.26, 2.52%) (related DECK )
[10:07] {nemo} Full Metal Jacket
[10:08] {shorty} Poor Pile
[10:08] {dino} good flick
[10:08] {Threei} offering 1/4 .05
[10:08] {dino} rino luv
[10:09] {nemo} I feel like having a glass of wine
[10:10] {Threei} 1/4 more out
[10:10] {Threei} offering last part .11
[10:10] {dino} lol nemo
[10:10] {nemo} ?
[10:11] {nemo} Well, it's well afternoon at Les'
[10:11] {dino} bucy should folow joyg more
[10:11] {dino} sm l .25
[10:11] {nemo} fcx looks like might be forming Inverse H&S
[10:11] {nemo} sm l .25 what?
[10:12] {dino} bucy
[10:12] {nemo} ty
[10:12] {Threei} stop to under .95 for the last piece
[10:13] {Les} stopped .94
[10:13] {dino} rino rockin'
[10:13] {nemo} dino...opinion fcx
[10:14] {dino} break of 00 l
[10:14] {nemo} or bottom around .80?
[10:14] {jfjf64} 3i ya charts showing up very nice in blog
[10:14] {dino} yes
[10:15] {Threei} :)
[10:15] {jfjf64} a streanger wd think ya know what ya doing
[10:15] {Les} nice compliment jf, but they'll still ask "why no skype?"
[10:16] {jfjf64} lol
[10:16] {nemo} can't understand vad's accent anyway
[10:16] {jfjf64} ya must be from austrilia
[10:16] {dino} why not dino?
[10:17] {nemo} glad didn't play that break on fcx
[10:17] {dino} bucy stopped -.33
[10:18] {Les} l faz .51 stop .45
[10:18] {dino} you are lucky nemo
[10:18] {nemo} not really, broken clock moment
[10:19] {Threei} BP Coast Guard affirms the cut of the riser pipe has been completed; now must place the cap on to the leaking well (38.27, +0.61, 1.62%)
[10:19] {dino} all red
[10:20] {RonS} ...is the oil and gas report at 10:30 or 10:35?
[10:20] {nemo} :30
[10:20] {RonS} thxs
[10:20] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00ET (delayed from Wed due to US holiday on Monday)
[10:20] {Threei} **consensus expectations:
[10:20] {Threei} Crude: -250Ke
[10:20] {Threei} Gasoline: -500Ke
[10:20] {Threei} Distillate: +250Ke
[10:20] {nemo} are they counting what's in the Gulf?
[10:21] {Les} hehe
[10:21] {Threei} lol
[10:21] {RonS} w/ the census workers
[10:21] {shorty} lol
[10:22] {dino} roflol
[10:23] {Les} 1:2 FAZ half out
[10:23] {nemo} yeah, every time they hire fire then rehire a census worker it counts as a new job...go figure
[10:24] {dino} 400k+ hired in this jobs report, such bs, as they will be unemployed at end of summer
[10:24] {RonS} ...some guys in NYC say they have been hired/fired/rehired 8 times
[10:24] {Les} 1:3 FAZ 1/4 more
[10:24] {nemo} rimm 200 coming up at .95
[10:27] {RonS} bucy sm l 3.40
[10:27] {dino} pot sm l .65
[10:28] {Threei} Short Setup: BP .90 break
[10:28] {Threei} if stays under 38
[10:28] {nemo} we can't
[10:29] {Threei} for those who can
[10:29] {Threei} noticed, therer are other people around?
[10:29] {nemo} they don't count
[10:29] {nemo} it's all about me
[10:29] {shorty} :)
[10:30] {Threei} *EIA NATURAL GAS INVENTORIES: +88 BCF VS. +90 TO +100 BCF ESTIMATE RANGE
[10:30] {dino} stopped pot -.19
[10:30] {Threei} IMF Planning to present a new banking tax proposal at the upcoming G-20 meeting
[10:31] {Threei} f****in imbeciles
[10:31] {nemo} in' or add a "g"
[10:31] {Threei} - Note: Both US Treasury Sec Geithner and EU's Barroso yesterday called for discussion of banking tax
[10:32] {dino} and john galt says, "get out of the way"
[10:32] {nemo} mmmmhhhhhh...I wonder if that's why they didn't restore the Volcker Rule Glass Steagal
[10:33] {nemo} Then they wouldn't have any reason to tax....This way, they can tax different types of financial entities differently
[10:33] {nemo} and bring in revenue
[10:33] {Threei} the only reason I can think of is, too many powerful folks would have to admit being dead wrong abolosihing it
[10:33] {Threei} and opening door to being called the reason for the whole debacle
[10:33] {shorty} stopped BP
[10:34] {dino} pot sm l .51 last try
[10:35] {dino} give 3i the prize, think barney frank
[10:35] {nemo} I'd rather not
[10:36] {ese} L stld .73 .70 to .75 range so agressive entry waiting for break above .75
[10:36] {dino} he's one who said lower the standards at fre, fnm
[10:36] {Threei} and who was that one that yelled at GS guys
[10:36] {nemo} yep
[10:36] {Threei} he was another one standing behind abolishing glass-steagal
[10:37] {Threei} summers too if I remember correct
[10:37] {dino} "they (fre,fnm)will do whatever i tell them"
[10:38] {Les} yeh whichever way the wind blows smart guys try to look smart
[10:38] {Les} pithy little tao thought for the day
[10:40] {dino} bucy sm l .12
[10:41] {ese} vad correct me if i'm wrong......the longer the stock hangs in a range the stronger the breakout correct....
[10:41] {jfjf64} left us
[10:41] {Threei} well, to certain degree
[10:41] {Threei} after some moment it becomes to long, and is likely to fizzle out
[10:41] {ese} can't recall what you said in your book
[10:41] {Threei} psychology under this phenomenon is:
[10:42] {Threei} some of folks waiing for a break get tired
[10:42] {ese} hmmmm like right now as i look back at the chart
[10:42] {Les} miners tankning
[10:42] {Threei} and use it as a chance to exit not waiting for a run
[10:42] {dino} rino sm l .30
[10:42] {ese} tks
[10:43] {Les} you quitting us in our hour of need?
[10:43] {nemo} grow a set will ya'?
[10:44] {ese} yaaaaa what les said
[10:44] {Threei} 09:20] {Threei} guys, my overnight attempts to save harddrive gave no result, so will have to replace it
[10:44] {Threei} [09:20] {Threei} thankfully, full backup is in place
[10:44] {Threei} [09:21] {Threei} will have to leave for a few hours at around 11 am
[10:44] {Threei} [09:21] {Threei} and if everything goes as planned, will be back before close
[10:44] {ese} it's our darkest hour!!!!!
[10:44] {Les} christ vad didn't leave you in charge did he nemo?
[10:44] {ese} no wait a minute.....thats was Churchill
[10:44] {nemo} nop3
[10:45] {nemo} nope
[10:45] {nemo} I'm the court jester
[10:45] {nemo} dino's the man
[10:45] {Les} tenacious market. don't wanna give up
[10:46] {Les} stopped out last quarter FAZ .55
[10:46] {ese} i'll say
[10:49] {Threei} (GR) Economist Paul Krugman: see a 50/50 chance that Greece will leave Eurozone (related EUR/USD )
[10:49] {ese} whip saw city Les
[10:49] {dino} funny i see 50/50 chance they won't leave
[10:49] {nemo} Keynsian Asshole
[10:49] {dino} esi sm l .00
[10:49] {nemo} keynesian
[10:50] {ese} right after they get bailout money ....and then they don't have to pay it back.......
[10:50] {Threei} I see 100% chance there will be nothing left to leave
[10:50] {Threei} Hearing Goldman Sachs raises forecast for US Non-farm Payrolls to 600K from 500K
[10:50] {Threei} - Note: consensus expectation is currently 520Ke
[10:50] {ese} realestate.......you get get your own Greek island for free
[10:51] {Threei} so, GS took a hint from president or the other way around?
[10:51] {Les} hmmm or its a trap
[10:51] {Threei} yeah ese, only you will have to shoot your way through to get there
[10:51] {magoo} great so expectations are raised so high now, sell the news reaction
[10:53] {dino} bucy stopped again
[10:54] {magoo} read RIMM here vad?
[10:54] {dino} joyg wants open gap imo
[10:54] {Threei} 50/50, either .50 break short or .60 break long

Jun 02 2010

Today's HAL long trade is a typical example of pullback entry. We wanted long on it, disliked breakouts in the current environment, so we took pullback entry after it defined the direction and demonstrated that it doesn't want to drop anymore even when market drops. 10 cents risk for 90 cents profit was our reward.

Later on we repeated the same with FAS long, for more modest but still nice 26 cents trade vs. 5 cents risk.

The day was not very active, we had couple small stops and couple discretionary scalps aside of two trades above.

Session Time: Wed Jun 02 00:00:00 2010

[08:40] {Les} http://www.youtube.com/watch?v=D9WujJg1Oy4&feature=channel

[08:40] {Les} morning :D

[08:41] {Threei} morning les

[08:41] {Threei} VVUS...

[08:42] {Les} wait a sec

[08:42] {magoo} vvus?

[08:42] {magoo} morning boss

[08:43] {Threei} magoo :)

[08:43] {Threei} had news yesterday

[08:43] {Threei} Yesterday 18:28 VVUS Releases positive results from Phase III study of Avanafil in erectile dysfunction rresented at AUA annual meeting

[08:43] {Threei}

[08:44] {Threei} - Evaluating the safety and efficacy of the investigational drug avanafil for the treatment of erectile dysfunction (ED), were presented at the American Urological Association (AUA) 2010 Annual Meeting. The data, "Avanafil for the Treatment of Erectile Dysfunction: Results of a Phase III, Multi-Center, Randomized, Double Blind, Placebo-Controlled Clinical Trial," were presented by Irwin Goldstein, MD, clinical professor of surgery, University of California, San Diego and director of sexual medicine at Alvarado Hospital, San Diego, California. The presentation marks the first time these results have been shared with the medical community at a major medical meeting.

[08:44] {magoo} does really move for a bio

[08:44] {magoo} does=doesn't

[08:45] {Threei} sometimes it does

[08:45] {magoo} ok, im not familiar

[08:46] {dptl} morning

[08:46] {Threei} dp :)

[08:54] {magoo} crap, GNA vad

[08:54] {magoo} missed it

[08:54] {Threei} Gerdau Ameristeel Corp. Gerdau SA Offers to purchase outstanding shares at $11.00/shr

[08:55] {magoo} AMGN too

[08:56] {Threei} AMGN yesterday after hours news

[08:56] {Threei} Yesterday 17:22 AMGN FDA Approves Prolia injectable Osteoporosis treatment for postmenopausal women

[08:56] {Threei}

[09:01] {magoo} lets keep 1 of your eyes on TM and F today

[09:01] {Threei} why?

[09:01] {magoo} auto reports today

Session Start: Wed Jun 02 09:07:57 2010

Session Ident: #discussions

03[09:07] * Now talking in #discussions

[09:08] {Threei} sorry, had to reboot computer

[09:08] {Threei} mags, they rarely move on that data

[09:09] {magoo} ok

[09:09] {Threei} unless something really exceptional is reported... usually it's widely expected

[09:09] {magoo} lets not forget fas today, i forgot it yesterday

[09:09] {larisa} gm :)

[09:10] {Threei} larisa :)

[09:10] {magoo} my quotes are sticking, what server u on?

[09:10] {magoo} lar:)

[09:10] {Threei} Preview: May US Vehicle Sales numbers expected throughout the day from major auto makers

[09:10] {Threei} **consensus estimates y/y:

[09:10] {Threei} - Ford (12:00ET): +16%e

[09:10] {Threei} - GM (10:45ET): +6%e

[09:10] {Threei} - Chrysler: +21%e

[09:10] {Threei} - Toyota: +8%e

[09:10] {Threei} - Honda: +22%e

[09:10] {Threei} - Nissan: +11%e

[09:10] {Threei} - Hyundai: +28%e

[09:10] {larisa} vad, magoo :)

[09:11] {Threei} EUR/USD UAE Central Bank member Tamim: Country holds almost all of its $33B of currency reserves in USD; Does not hold Euros

[09:16] {dino} gm all

[09:16] {Les} does not hold Euros until such time that parity occurs...

[09:17] {Les} morning dino

[09:17] {Threei} dino :)

[09:17] {dino} :)

[09:18] {dino} explains why uae said it's not selliing its' euros

[09:18] {shorty} good morning

[09:18] {Threei} shorty :)

[09:18] {Threei} not selling?

[09:18] {Threei} it said it has none :)

[09:20] {lasertrev} morning

[09:20] {RonS} gm gang :)

[09:20] {Threei} trev, ron :)

[09:21] {dino} my point, none to sell

[09:22] {Les} oh stop it dino, too early in the morning for your mind games

[09:23] {dino} cnbc at 6:30ish was talking about how the uae was not selling their euros. just following up what the talking heads missed

[09:23] {Les} right. lol

[09:24] {RonS} q- was that locomotive manu that cat bought the old general motors division?

[09:26] {Threei} keeping an eye on HAL

[09:28] {dino} watching clf, fcx, ups, fdx again. beat up yesterday

[09:31] {Threei} Short Setup: LVS .50 break half lot

[09:31] {Threei} if stays under .60

[09:34] {jfjf64} mornin

[09:35] {Threei} jf :)

[09:35] {Threei} no go

[09:35] {Threei} want HAL pullback to about 21.90 - 22

[09:35] {magoo} BIG spike apc

[09:36] {Threei} HAL, pullback entry hunt

[09:37] {Threei} watch SPY

[09:37] {nemo} rinse

[09:37] {nemo} wow

[09:37] {Threei} seem to go together

[09:37] {nemo} what a rinse

[09:37] {Les} q's dropping first and harder

[09:38] {Threei} anyone caught HAL?

[09:38] {nemo} ?

[09:38] {Les} wfc .70? break

[09:38] {Les} no

[09:38] {Les} HAL worked, but market kept my finger off .90 trigger

[09:38] {Threei} WFC, if holding above .60 while market's dropping

[09:39] {Threei} tough one

[09:40] {Threei} crying now about HAL, eh

[09:40] {Les} l bp .01

[09:41] {Les} rig

[09:41] {jfjf64} F K hal grrrrrrrrrrrrrrrrrrrrrr

[09:41] {nemo} finnies ropping

[09:41] {jfjf64} was gonna go .99

[09:41] {Threei} .90 was clean setup

[09:41] {jfjf64} nice read vad

[09:42] {jfjf64} ya good at that

[09:42] {Les} bp stopped

[09:42] {nemo} hal volume drop on this peak

[09:42] {jfjf64} .90 support

[09:43] {Threei} HAL looks to be a runner candidate with any market help

[09:44] {jfjf64} entry

[09:44] {Threei} .20 brweak

[09:44] {jfjf64} wait pullbk

[09:44] {Threei} grr

[09:44] {magoo} innnnnn

[09:45] {Threei} ok, same setup

[09:45] {Threei} if holding above .10

[09:46] {Threei} even ignores market

[09:46] {Threei} 1:1

[09:46] {Threei} half out .35

[09:46] {dino} sm l ups .15

[09:46] {Threei} stop to .15

[09:46] {nemo} should go to 23

[09:46] {Threei} over 1:2

[09:46] {jfjf64} ty

[09:46] {shorty} wow, that made up for my missed exit on LVS

[09:47] {shorty} ty Threei

[09:47] {nemo} you too shorty

[09:47] {shorty} lol...you too nemo

[09:47] {Threei} US) Preview: April Pending Home Sales due out at 10:00ET

[09:47] {Threei} **consensus expectation (m/m): 5.0%e v 5.3% prior; (y/y): 20.2%e v 23.5% prior

[09:47] {Threei} 1/4 more out .45

[09:47] {nemo} forgot I was short, sold again, didn't get out for another .10

[09:47] {nemo} So, basically, 3 stops in one

[09:48] {Threei} sheesh

[09:48] {nemo} yeah, one more I'm done for the day

[09:48] {Les} you know where your gun is nemo...

[09:48] {Threei} BP US Coast Guard: Riser pipe cut was done successfully

[09:48] {jfjf64} exactkly

[09:48] {Threei} oh good... now one little details left

[09:48] {nemo} eqkzaktly...get it right jf

[09:48] {nemo} capping the pipe

[09:48] {Les} bp was a rinse

[09:48] {dino} sm l cf .40

[09:49] {Threei} not sure les...

[09:49] {Threei} BP's problems are bigger than capping the leak

[09:49] {nemo} it would be a start

[09:49] {Threei} last peice HAL: stop to b/e,

[09:50] {Threei} chpices are exiting around .60 for 1:4

[09:50] {Les} was talking about my bp long vad

[09:50] {Threei} or holding

[09:50] {Threei} for a run closer to 23

[09:50] {Threei} make your choice, both are valid

[09:51] {nemo} spy should bounce around here a bit

[09:51] {nemo} I mean bounce

[09:51] {nemo} if it doesn't dino's gap close

[09:51] {Les} q's are losing it

[09:52] {Threei} CH) China Commerce Ministry: IN opposition to US decision with regards to antidumping in steel grating

[09:53] {nemo} wow LVS holding well

[09:53] {magoo} FAS bounce where vad?

[09:53] {nemo} had held

[09:53] {jfjf64} ??

[09:53] {nemo} close was .60 mags

[09:53] {jfjf64} nemo needs coffee

[09:54] {nemo} why

[09:54] {jfjf64} lvs

[09:54] {nemo} it had held jf

[09:54] {Les} GDX is slipping

[09:54] {jfjf64} maybe i need coffee

[09:55] {jfjf64} lol

[09:55] {Les} naah don't be intimidated by nemo jf

[09:55] {jfjf64} na

[09:55] {dino} sm l fcx .75

[09:55] {nemo} You can say that, les, you're not on the same continent

[09:55] {Threei} FAS, watch now for a dip to .65 - .70

[09:55] {Threei} for double bottom entry

[09:56] {Threei} no pullback

[09:56] {Threei} oh well

[09:56] {Threei} HAL 1:4

[09:57] {jfjf64} ya get A 4 effort 3i

[09:57] {Threei} who is trailing and holding, stop to under .30

[09:58] {dino} out fcx .15, +.40

[09:58] {Threei} wtg

[09:58] {jfjf64} wow who said was hal feel lk mommo moverrrrrrrrrr

[09:58] {Threei} ACOR to Present Data at Joint Consortium of Multiple Sclerosis Centers and Americas Committee on Treatment and Research in Multiple Sclerosis Annual Meetings (35.50, +0.38, 1.08%)

[09:58] {Threei} that would be me, jf

[09:59] {Threei} but did yuo listen?

[09:59] {Threei} nooooo....

[09:59] {jfjf64} naaa took 15 cents

[09:59] {jfjf64} bah humbug

[10:00] {Threei} US) APRIL PENDING HOME SALES M/M: 6.0% V 5.0%E

[10:00] {Threei} Y/Y: 24.6% V 20.2%E

[10:01] {jfjf64} looks lk entry hal

[10:01] {Threei} - prior m/m revised higher from 5.3% to 7.1%

[10:01] {Threei} - prior y/y revised higher from 23.5% to 25.4%

[10:01] {Threei} FAS

[10:01] {Threei} watching

[10:03] {Threei} ASTM?

[10:04] {nemo} aig

[10:04] {Les} all out HAL .49 a bird in the hand...

[10:05] {jfjf64} ya were in entire tm les

[10:05] {Threei} weird sudden jumps today

[10:05] {Threei} market and FAS

[10:05] {Les} partialling out jf

[10:05] {magoo} well mkts really really oversold on a short term

[10:05] {jfjf64} very nice les

[10:05] {Threei} no crying when I sell at .80 - .90, ok?

[10:05] {Les} just a little

[10:06] {magoo} im waiting .89

[10:06] {Threei} and I promise not to cry if it's stopped under .30

[10:07] {jfjf64} i would guess HAL snapshot chart

[10:08] {Threei} unless something more valuable comes along

[10:08] {Threei} main criteria for these is educational value, nice clean repeatable setup

[10:08] {jfjf64} nice i like this

Session Start: Wed Jun 02 10:14:37 2010

Session Ident: #discussions

03[10:14] * Now talking in #discussions

[10:14] {Threei} crap

[10:14] {jfjf64} wtg dino

[10:14] {Threei} I am afraid my harddrive is failing

[10:15] {nemo} great...2nd one in a year

[10:15] {Threei} no kidding

[10:15] {Les} stop using it as a coaster for your coffee

[10:15] {jfjf64} oh boy

[10:16] {jfjf64} aig

[10:16] {nemo} jf needs coffee

[10:16] {jfjf64} missed

[10:17] {Threei} HAL stop to under .40

[10:17] {dino} darn markets, selling too soon

[10:18] {jfjf64} aig vad classic dive correct

[10:18] {magoo} dont faint vad, i partialed some here

[10:18] {dino} pol sm l .20

[10:18] {Threei} thank goodness

[10:18] {Threei} I was afraid to ask

[10:18] {dino} apol

[10:18] {Threei} no jf

[10:18] {Threei} not on AIG

[10:19] {jfjf64} ???

[10:19] {Les} fas 23 break?

[10:19] {Threei} 10:18] {jfjf64} aig vad classic dive correct

[10:19] {Threei} no, AIG, is not a subject of normal pullback hunt

[10:20] {Threei} not sure about FAS

[10:20] {jfjf64} when ya hv min pls eplain

[10:20] {Threei} AIG is not trading like most normal stocks

[10:20] {Threei} its pullbacks tend to be less readable, more brutal

[10:21] {Threei} and it doesn't bounce like most of them

[10:21] {jfjf64} k ty

[10:21] {Threei} just a matter of observing this one over time

[10:21] {jfjf64} if wasnt aig chart pattern correct

[10:22] {Threei} yes

[10:22] {jfjf64} ty

[10:23] {magoo} crap, been trading thru edge

[10:23] {magoo} sheesh

[10:23] {Threei} lol

[10:23] {Threei} whatever works

[10:23] {nemo} lvs short here vad?

[10:23] {magoo} actually, it was

[10:23] {jfjf64} what up amgn

[10:23] {Threei} Long Setup: NE .80 break

[10:24] {Threei} stop under .70

[10:24] {magoo} in

[10:24] {jfjf64} in

[10:25] {Threei} LVS, I don't see a setup for short

[10:25] {Threei} HAL 1:6

[10:25] {nemo} those volume spikes on the highs, and the drop in volume

[10:27] {Les} damn, I see why I should keep some skin in HAL. a mover is a mover...

[10:27] {Threei} hmmm

[10:27] {Les} and making money unlike the other slugs I own

[10:28] {jfjf64} bounce ne

[10:29] {magoo} unfam with NE vad,

[10:29] {magoo} can it rip?

[10:29] {Threei} it' stopped

[10:29] {Threei} who cares

[10:29] {nemo} done

[10:29] {Les} oh it ripped

[10:30] {Threei} frikin thing was 2 cents from 1:1

[10:31] {jfjf64} going to water plants be bk

[10:31] {nemo} what kind of plants jf?

06[10:31] * magoo slaps jfjf64 around a bit with a large trout

[10:31] {larisa} heavy rain is watering mine :)

[10:31] {Threei} EU) EU regulators propose increased reforms for corporate management including adjustments to stock options and golden parachutes

[10:31] {Threei} sure

[10:31] {jfjf64} nice plants

[10:32] {Threei} it's private sector they worry about, not their own largesse

[10:32] {jfjf64} hal pattern entry here

[10:33] {Threei} not sure

[10:34] {dino} thats the irony of it all 3i

[10:35] {dino} "shrug"

[10:37] {Les} out POL +.10 ty dino

[10:37] {dino} gj les

[10:38] {Threei} - Proposals aim to include liability to Boards

[10:38] {Threei} - Will provide ratings agencies' supervision responsibility to one regulator in the EU

[10:39] {Les} half out AUY +.05 not showing me strength

[10:44] {Les} all out +.05 2k. I prefer doing dinner to this

[10:46] {Threei} GM Reports May US vehicle sales +32%

[10:47] {Threei} LVS

[10:47] {nemo} my broken clock moment for the day

[10:50] {Threei} Warren Buffett: Ratings agencies had flaws in their models; were wrong like everyone else; not planning on being a 'hostile witness' - CNBC

[10:50] {Threei} LVS, watching for double bottom

[10:51] {nemo} spy should bounce aroun .05

[10:54] {Threei} missed LVS... wasn't really clear on that bounce

[10:55] {Threei} EU's Barroso: In favor of tax on bank profits

[10:55] {Threei} but of course

[10:55] {Les} right

[10:55] {Les} and australia's tax on miners

[10:55] {Threei} the most perofitable tax in history would be a tax on politician's stupidity

[10:56] {Les} let the socialist agenda continue

[10:56] {Les} I have no problem redistributing australian natural resource wealth

[10:56] {Les} i just don't think it should be done through government

[10:57] {Les} the PM has to spend $38M to convince aust. that its good for them...

[10:57] {dino} bunch of looters

[10:59] {Les} Australians have solid retirement funding locked up in the mining industry through private savings

[10:59] {Les} I wonder how much govt. takes in taxes and lowered share price from people's wealth...

[10:59] {larisa} is Les miner from Australia? i am confused

[10:59] {Les} before spending it on who know's what...

[10:59] {nemo} kinda' he's a trogladyte

[11:00] {Les} I thank Larisa for that little quip from Nemo

[11:00] {larisa} lol

[11:00] {nemo} Yeah...she stuck your chin out

[11:00] {Les} I am australian larisa

[11:01] {larisa} k :)

[11:01] {RonS} mathilda lover eh?

[11:01] {nemo} spelled it wrong troglodyte

[11:01] {jfjf64} doesnt make him bad larissa

[11:01] {Threei} Halliburton Co Comments on well control activities in the Gulf - filing

[11:01] {Threei} - Halliburton continues to devote significant resources to assist BP p.l.c. in well control and relief well operations.

[11:01] {Threei} -Halliburton is providing services to BP in the drilling of the relief wells for which the well owner has set a target completion date of August 2010.

[11:02] {larisa} If he looks like Hugh Jackman, he can speak as much as he wants to :)

[11:02] {jfjf64} lol

[11:02] {Threei} here comes HAL for you mags

[11:02] {magoo} oput HAL finally .91 BEAUTY vad

[11:03] {Threei} wtg

[11:03] {jfjf64} nice

[11:03] {jfjf64} wow

[11:03] {jfjf64} 23

[11:03] {Threei} I want my dollar

[11:04] {Les} :( little cry for my early sell

[11:04] {Threei} told ya

[11:04] {jfjf64} hm me too

[11:04] {magoo} thinking RIG to 48.50 at least CAREFUL, best enter pllbk

[11:05] {magoo} im in of course .34

[11:05] {Threei} out +.90

[11:05] {magoo} nice boss, NEXT?

[11:05] {shorty} slow clap here Threei.

[11:06] {magoo} question is..did u have 3k like me lol

[11:08] {dino} sm l v .00

[11:09] {Threei} dollar

[11:09] {Threei} oh well

[11:15] {dino} pss l sm .50

[11:15] {magoo} RIG printed .18

[11:18] {Threei} 46% Say Tea Party Good for America, 31% Disagree

[11:19] {jfjf64} party i miss somethin

[11:25] {Threei} does market break out here or fizzle out?

[11:25] {Threei} i other words, FAS or FAZ?

[11:25] {magoo} break imo

[11:25] {Threei} FAS then

[11:25] {Les} .35?

[11:25] {Threei} break

[11:25] {magoo} been brutalized, time for a lil bear spanking

[11:26] {Threei} I still ptefer pullbacks...

[11:26] {magoo} yea..lets wait

[11:26] {Threei} breaks are just too hard in this market

[11:26] {Threei} too many of them end up beiong a whipsaw

[11:27] {RonS} ...breaking: CBS news blames Bush for Gore split

[11:27] {Threei} ummm

[11:27] {nemo} that boy needs help

[11:28] {Threei} who of Bushes is a home-wrecker?

[11:28] {Les} good call FAS guys. got out +.01 when you said pullback first

[11:28] {nemo} ready FIRE! aim, huh Les?

[11:28] {dino} it's all "w"s fault in obamination's eyes

[11:28] {larisa} Barney :)

[11:28] {dino} oil spill too

[11:29] {Les} it's bush's fault nemo

[11:29] {Threei} FAS getting ready

[11:29] {RonS} ...they are implying that the Bush beat of Gore put "irreparable" harm on the marriage...

[11:30] {RonS} ...everything bad is Bush's fault from now and forever...

[11:30] {nemo} Nat King Cole?

[11:31] {Threei} SPY still hasn't found the bounce pad

[11:32] {magoo} OUT .31 RIG

[11:32] {magoo} + point\

[11:32] {Threei} wtg

[11:32] {Threei} ok FAS, .25 break

[11:32] {Threei} if holding .20

[11:32] {magoo} [11:04] {magoo} thinking RIG to 48.50 at least CAREFUL, best enter pllbk

[11:32] {magoo} [11:05] {magoo} im in of course .34

[11:33] {Threei} (US) US Dept of Transportation considering increase to compensation to passengers bumped from flights to $1,300

[11:33] {Threei} - Considering allowing passengers to cancel reservations within 24 hours with no penalty

[11:33] {dino} v stopped

[11:33] {dino} -.33

[11:35] {Threei} I don't expect huge ran from FAS, but not a scalp either

[11:35] {Threei} over 1:1

[11:36] {Threei} half out

[11:36] {Threei} .35, 1:2

[11:36] {Threei} stop to .24

[11:37] {shorty} out .40

[11:37] {Threei} 1/4 offered .42

[11:40] {Threei} look how buyer of a break would have been hosed once again

[11:41] {magoo} and not in a good way:)

[11:41] {Threei} lol

[11:41] {Threei} yet buyers of a pullback would have been rewarded

[11:41] {Les} bite me

[11:41] {magoo} now if IF mkt wants a selloff today, lets also watch faz

[11:42] {Threei} that's a very nice way to express your gratitude for a rimely warning and for educational bit

[11:42] {Threei} out 1/4 at .42

[11:42] {Les} yeh yeh yeh you're just happy to stick the knife in...

[11:42] {Threei} what knife?

[11:42] {Threei} I held you from buying break, and I called entry on pullback

[11:43] {Threei} what more do you want from me?

[11:43] {Les} i know :)

[11:43] {Threei} push your buy button?

[11:43] {Threei} last piece is offered at .52

[11:43] {Les} but I also know you like to wield psychological 2X4

[11:43] {Threei} sure

[11:43] {Threei} so?

[11:43] {Les} thus 'knife' remark

[11:45] {Les} hmm a remotely linked buy and sell button...

[11:45] {magoo} vad, how much monthly cost to buy the service where u hit the buy/sell buttons for me??

[11:45] {Les} lol wasn't going to dare to say that...

Session Start: Wed Jun 02 11:50:44 2010

Session Ident: #discussions

03[11:50] * Now talking in #discussions

[11:51] {Threei} small administrative fee of merely $29,999 a month

[11:52] {Threei} guys, I'll start urgent backup, to have everything latest in case harddrive fails ultimately today

[11:55] {magoo} dont bother :)

[11:59] {Threei} where is FAS?

[12:00] {nemo} .45

[12:00] {nemo} .48

[12:00] {Threei} ever went over .50?

[12:00] {nemo} yes

[12:00] {Threei} ok, I am out then

[12:00] {magoo} F pop

[12:00] {nemo} so, you're done for the day Vad?

[12:00] {Threei} no

[12:01] {Threei} just can't run much while backup is working

[12:01] {magoo} big fall RIG

[12:04] {Threei} market is likely to be calm for a while anyway, and hopefully I am done till activity resumes

[12:21] {dino} out apol .70, +.50

[12:22] {Les} you still in pol dino?

[12:22] {dino} no it was apol

[12:23] {dino} ded

[12:23] {dino} dbd

[12:23] {dino} dieing

[12:28] {dino} dbd sm l .75

[12:29] {dino} out .35, +.60

[12:37] {larisa} DBD fraudulent accounting accusation and recovering like this? strange

[12:38] {magoo} LOST MY WHO:LE F"IN DAY SHORT THAT

[12:38] {larisa} did it really go under 19?

[12:39] {larisa} saw it too late on dinos call

[12:39] {dino} yes, saw it

[12:39] {dino} dbd sm s .50

[12:39] {RonS} Larisa, i do not have that news...link?

[12:41] {dino} boards saying it, but also saying fake, so coin toss

[12:41] {larisa} boards say flyonthewall reported it. did not see it myself

[12:42] {dino} cov dbd .45, don't like it

[12:43] {nemo} good thing

[12:43] {nemo} trading fairy watching over you on that one dino

[12:43] {Les} I remember getting creamed shorting something the same as this. What was it that crashed a few weeks ago yet fully recovered...?

[12:44] {larisa} MA?

[12:44] {dino} lol

[12:45] {RonS} larisa, ma and v have been acting horribly...imo

[12:45] {patience} .

[12:45] {Les} haha sense of humour there I see Larisa...

[12:45] {Les} no, not MA

[12:46] {larisa} :)

[12:47] {RonS} Diebold options in a fast market on wide intra-day share price movement 06/02 10:46 AM

[12:47] {nemo} bidu interesting, and volume building

[12:48] {RonS} Diebold was accused of fraudulent accounting by SEC, Bloomberg reports.

[12:51] {dino} old headline from last week

[12:52] {RonS} ya, i cannot find it myself...my post came across the Fidelity news service...something goofy going on here.

[12:52] {larisa} Diebold very optimistic name for a company

[12:52] {dino} kind of cool

[12:52] {Les} not german?

[12:52] {RonS} german name i think lari...

[12:54] {RonS} per wiki, co founded in 1859 by Charles Diebold in Canton, Ohio

[13:01] {larisa} poor holder of DBD comes home and sees it at 28 still, but his stop at 20 got hit.

[13:08] {RonS} lesson there?...put spreads instead of stops...

[13:10] {larisa} APC at res again, not sure about breakout

[13:11] {RonS} ...the eur/jpy cross has run from 110. yesterday a.m. to touching 113.0. If it closes north of 113.5 the risk trade is definitely back on...

[13:14] {Threei} OK... emergency backup is done

[13:14] {Threei} can work on whatever runs till end of the day, tomorrow will have to replace hadrdrive

[13:14] {RonS} yippee...:D

[13:15] {larisa} vad, we playes DBD long 19 - 26 without you :)

[13:15] {Les} FAZ comeback time?

[13:15] {RonS} :O

[13:15] {larisa} s=d

[13:16] {Threei} cingratulations

[13:16] {nemo} well, spy 200 is around 108.70

[13:16] {larisa} you still better speller than i am

[13:16] {nemo} she lies

[13:16] {dino} out pss +.08 thing is stuck

[13:18] {Threei} Diebold Inc SEC reportedly accuses company of fraudulent accounting practices for period between 2002-2007; claims mistatement of earnings by $127M

[13:18] {Threei} - Note: on May 4, 2009 DBD settled civil charges with the SEC and was to pay $25M penalty, Under the terms of the agreement in principle with the staff of the SEC, Diebold will neither admit nor deny civil securities fraud charges, will pay a penalty of $25M and agree to an injunction against committing or causing any violations or future violations of certain specified provisions of the federal securities laws. In connection with reaching the agreement in principle, the company recorded a charge of $25M in the first quarter of 2009.

[13:18] {Threei} - Follow Up: SEC claims DBD has paid the $25M the penalty to settle charges announced today. Unclear if the two cases are separate.

[13:19] {Les} damn it pays to lie

[13:19] {Threei} wow, we still exited HAL too early

[13:19] {Threei} FAS is fine though

[13:19] {Threei} exit at .52 was just right

[13:22] {shorty} see you guys tomorrow.

[13:22] {Les} ciao

[13:22] {dino} cya shorty

[13:22] {Threei} take care shorty'

[13:23] {Les} bp 37 b/d with some consolidation?

[13:24] {Threei} 50/50

[13:24] {Threei} as long as risk is small, can try

[13:24] {Les} wanting market to drop at same time

[13:25] {nemo} BP looking long here

[13:26] {Threei} could be

[13:26] {Threei} same 50/50

[13:26] {nemo} till the next news item

[13:26] {nemo} it's at the top of that congestion zone between 10-11

[13:27] {RonS} Halliburton prepares for long drilling ban 06/02 09:43 AM

[13:27] {RonS} Deepwater activity in hiatus six months or longer

[13:27] {Threei} if took BP long, exit here

[13:28] {RonS} says not a dead period, plenty of work to do

[13:28] {nemo} wow...second broken clock moment

[13:28] {RonS} shrs up 11 pct; debt protection cost doubles

[13:36] {Les} s gg .96

[13:43] {nemo} fcx creating quite the channel

[13:46] {nemo} wow, low volume rally

[13:48] {Les} gg stopped

[13:57] {nemo} spy at the 200

[14:02] {Threei} now, who wants to see a guy practicing self-hypnosis,

[14:02] {Threei} (EU) Pres. Van Rompuy: Euro zone is not in monetary armageddon

[14:02] {Threei} - Says the euro is a fundamentally sound currency.

[14:02] {Threei} and the one who is thinking hard how to use the crisis to achieve his goals:

[14:02] {Threei} President Obama: economy is still fragile so can't put the brakes on too quickly

[14:02] {Threei} - Offshore oil drilling is only be a short term solution; need to fully embrace our clean energy future.

[14:02] {Threei} fully embrace eh...

[14:03] {Les} how many bureaucrats are there in Europe to reassure themselves about the Euro?

[14:03] {Threei} DBD

[14:03] {Threei} Diebold Inc Confirms that SEC has filed final paperwork for last year's $25M settlement agreement today

[14:03] {Threei} - announced that the Securities and Exchange Commission (SEC) has filed settlement materials finalizing the previously announced agreement in principle with the company. settlement relates to an inquiry conducted by the SEC's Division of Enforcement during the last several years. On May 4, 2009, Diebold announced it had reached an agreement in principle with the SEC staff, concluding the SEC's investigation with respect to the company. the SEC filed paperwork in federal court finalizing the settlement.

[14:07] {magoo} vad, im DEAD so i need some outrages calls for magoo only if RISKY

[14:07] {Threei} huh?

[14:07] {nemo} FCX long Mags right here

[14:07] {nemo} that's risky\

[14:07] {magoo} DBD shorted it during that fiasco

[14:07] {magoo} DEAD DEAD DEAD

[14:07] {magoo} "

[14:08] {Threei} what's wioth the need to jump on everything that moves??

[14:08] {nemo} no vaseline, huh?

[14:08] {nemo} there's something wrong with that Vad?

[14:08] {Les} he caught an infection from me maybe...

[14:08] {nemo} oh...we're talking trading....sorry

[14:08] {Les} lol nasty...

[14:08] {Threei} strictly trading

[14:09] {Threei} otherwise I would only be appreciative

[14:09] {Les} just a dog and a cat came to my mind...

[14:09] {nemo} wow....Les didn't know you went that way

[14:10] {Les} me neither until we started this dirty talk

[14:10] {Les} vad gg .90 break down?

[14:10] {nemo} so, this trading room is a voyage of self discovery for you...

[14:11] {Les} heaven help me if i ever get over to one of Vad's bbq's

[14:11] {nemo} yeah, you'll need heaven's help

[14:11] {nemo} fcx db vad?

[14:12] {Threei} GG no... don't like it

[14:12] {Les} ok

[14:12] {Les} GDX is making me look twice

[14:12] {Threei} FCX, well

[14:12] {nemo} tought one

[14:13] {Threei} feels like short is more likely tow ork

[14:13] {magoo} how about AAPL????

[14:14] {Threei} AAPL no idea... no pattern to fgo with

[14:14] {magoo} i need anything better than 60/40 lol

[14:16] {Les} whatdoya make of bp vad?

[14:16] {Les} .90 breakdown?

[14:16] {Threei} if market helps, yes

[14:16] {Les} or long?

[14:16] {Les} ok

[14:17] {nemo} kinda got inverted H&S on FCX now

[14:17] {nemo} oy, going Quasimodo on me

[14:20] {Threei} FCX breakdown works

[14:23] {Les} so does BP

[14:23] {nemo} Is the paint dry yet

[14:23] {Les} half out .78

[14:23] {Threei} BP does too

[14:23] {Threei} nemo, you could profit from BP instead

[14:24] {nemo} could have

[14:24] {nemo} I have to go pray to the trading gods

[14:25] {Les} all out BP .68 +.20

[14:25] {Threei} wtg

[14:26] {dino} v sm l .10

[14:33] {nemo} spy bounced off the 200 on the 5 min chart

[14:34] {nemo} same with Qs

[14:34] {nemo} V not moving with this bounce Dino

[14:36] {dino} patience

[14:36] {nemo} she here?

[14:37] {dino} lol

[14:40] {nemo} quite the volume spike

[14:41] {larisa} V divergence is beautiful if can hold 70. nice entry dino

[14:42] {larisa} kinda perfect :)

[14:43] {Threei} no news

[14:43] {dino} ;)

[14:43] {Threei} no idea where this sudden rally came from

[14:43] {dino} ppt

[14:43] {nemo} we're still inside yesterday

[14:46] {Threei} aside of early trades, pretty inactve day

[14:51] {Les} out V +.44 YOU FRICKIN BEAUTY DINO!!!!!!

[14:51] {nemo} aren't you glad he lives on a different continent

[14:51] {dino} lol, yw

[14:52] {Les} otherwise I could just give him a big sloppy kiss

[14:52] {dino} yuk

[14:52] {nemo} omfg

[14:52] {Threei} hmmm

[14:52] {nemo} first animals, now this

[14:52] {nemo} but there's nothing wrong with that

[14:52] {dino} out .60, +.50

[14:53] {nemo} mmmhhhhh...Les must have some interesting home movies

[14:59] {Threei} 30% Say U.S. Heading in Right Direction

[14:59] {Threei} amazingly constant number

[14:59] {Threei} osicallets between 28 and 32

[14:59] {Les} federal employees

[14:59] {Les} or prison officer union

[15:02] {dino} guess we sold a bit soon les

[15:03] {dino} fxe positive

[15:03] {Les} got back in with 200 shares but had too tight a stop.

[15:04] {Les} watching for further squeeze

[15:04] {Les} faz hovering around 15. there a two way play in it vad?

[15:06] {Threei} no faintest idea

[15:06] {Threei} market makes unexpected moves in unpredictable direction

[15:06] {Les} fair enough

[15:07] {nemo} looks like we're in for a test of yesterday

[15:07] {nemo} highs

[15:14] {Threei} (GR) Greece PM: No plans at the moment to reschedule debt repayments - Japan press

[15:14] {Threei} - Note: In late May the Deutsche Bank CEO commented that it was 'doubtful' that Greece could repay its debt that it would be unlikely the country could avoid a restructuring

[15:15] {dino} sounds familiar. in 30 days or so they will

[15:16] {Threei} see, they now add "at the moment"

[15:16] {Threei} that's honesty

[15:16] {nemo} for a politician

[15:16] {Threei} for a politician, that's more than hinesty

[15:16] {dino} back in feb, mar, greece had no debt problem at all

[15:16] {Threei} that's as honest as they only gert

[15:17] {Les} slip of the tongue that is

[15:17] {Threei} well

[15:17] {Threei} honestly, I feel weird discussing politicians honesty

[15:18] {Threei} almost as werid as when Les starts telling us about his personal preferences...

[15:18] {dino} :O

06[15:18] * Threei slowly moves farther from Les on the bench

06[15:19] * nemo hands Vad a Taser

[15:19] {Threei} ty, feel safer

[15:19] {Les} oh you guys...

[15:19] {Threei} well Les.. since there is an outside chance tyou may ever visit one of my backyard parties... I better warn you in advance :)

[15:20] {Les} don't make me smash a bottle over nemo's head at a gathering just to prove that I'm 'one of the boys'

[15:20] {Threei} why not... that's between you and nemo

[15:21] {Threei} (PO) Portugal Parliament has reportedly approved general austerity framework which includes increases

[15:21] {Threei} - Note: Final vote scheduled for June 9th

[15:21] {Threei} - Reminder: Parliament is to vote on tax increases and spending cuts that move the 2010 budget deficit to 7.3% of GDP

[15:23] {nemo} gotta question...

06[15:23] * Threei slaps lasertrev around a bit with a large frozen trout on Ilana's behalf

[15:23] {nemo} since when is smashing a bottle over someone's head proving you're one of the boys

[15:24] {nemo} I think he just wants an excuse to whack me

[15:26] {Threei} who could blame him?

[15:26] {nemo} whose arguing

[15:26] {Threei} say thank you he is europian - anyone else wouldn't even look for an excuse

[15:26] {Les} l v .71 sm

[15:29] {Threei} FAS

[15:29] {nemo} oooh...volume spike

[15:29] {Threei} if we get another market spike, 24 break

[15:30] {nemo} I would think market tests 110

[15:30] {Threei} although I hate breaks still

[15:30] {nemo} me too

[15:31] {dino} hate the gaps we left below

[15:31] {dino} the way markets been we fill them tomorrow

[15:33] {nemo} spy breeched yesterday's high by .02

[15:33] {dino} showing 5/26; 9974, 1796, 1067 & today 1070

[15:36] {nemo} think we test the 5/28 highs first

[15:36] {nemo} you've got the gap down on the 20th that coincide with that high

[15:37] {dino} maybe so nemo, close to them

[15:37] {nemo} yeah, if the jobs report is good on friday and no external news, we'll get a short squeeze on friday afternoon

[15:38] {dino} leave shorty out of this

[15:38] {nemo} poor guy

[15:38] {nemo} then again, I said "short squeeze" not "Squeeze Shorty"

[15:41] {dino} lol

[15:41] {dptl} have a good evening all

[15:41] {Threei} take care dp

[15:41] {dino} cya dp

[15:41] {Les} ciao

[15:42] {nemo} http://www.businessinsider.com/watch-out-shorts-obama-just-leaked-fridays-jobs-report-2010-6

[15:43] {nemo} [15:37] {nemo} yeah, if the jobs report is good on friday and no external news, we'll get a short squeeze on friday afternoon

[15:43] {Les} crap, now that everyone's talking about it, I'd say huge drop

[15:44] {Threei} scenario now is run before the report and drop after

[15:44] {nemo} could be rabbit

[15:44] {Les} voilà

[15:44] {Threei} and if report is bad...

[15:44] {nemo} which I doubt

[15:44] {nemo} but, yeah....lookout beeeeeeeeeeeeeeelowwwwwwwwwww

[15:44] {Threei} someone should tell this guy to keep his mouth st on market-moving confidential news

[15:45] {Threei} st = shut

[15:45] {nemo} Goldman Sachs told him

[15:46] {Threei} SQNM SEC discloses charges former exec over false statements to investors related to prenatal test for Down syndrome; exec has settled

[15:51] {Threei} Morgan Stanley Head of Treasury trading has reportedly left the company - unconfirmed report

[15:51] {Threei} - Reminder: Steve Callahan was hired away from Barclays in August 2009 to run the Treasury trading desk in the fixed income unit.

[15:51] {Threei} what, he had losing day in 2010?

[15:51] {Threei} and was fired for sheer incompetence?

[15:53] {dino} gotta hop, tee time in 40

[15:53] {dino} thx all

[15:53] {Les} ciao

[15:53] {Threei} tke care dino

[15:54] {nemo} there goes 110

[15:54] {Threei} anyone went for FAS?

[15:55] {Les} first time round. missed 1:1 by .01

[15:55] {Les} and got stopped out

[15:55] {Les} but I see that wasn't the break I should have been playing

[15:56] {nemo} I thought the market goes down when Dino leaves

[16:00] {Les} c y'all in the morn

[16:00] {nemo} yep hasta manana

[16:01] {larisa} bye all

[16:01] {Threei} thank you all

[16:02] {Threei} have a good evening

[16:02] {Threei} see you tomorrow

June 1 2001

Starting today, we are going to add a screenshot of one of our trades, using the educational value of the setup as criteria. Most of screenshots will be self-explanatory with annotations showing the support, resistance, trigger and exit. When needed, we will add brief comments. To mark the start, we post tw0 trades today.

BP short, we tried this breakdown of 37.50 twice. First time we have covered half for +14 cents but second half got stopped breakeven on spike caused by half-hearted news. Second short indicated at the chart though worked like charm for a full $1 drop

VVUS long was more modest but nonetheless nice one: typical JBE setup, held pullback nicely and went for 1:2 risk/reward

Nice day with two big wins on BP, for 57 cents on long and a full dollar on short. A few more smaller wins and stops about canceled each other.

Session Time: Tue Jun 01 00:00:00 2010

[07:15] {ese} I know that you all are not up yet but i thought that i would log in and say have a great day.......i'm off to Abbotsford the is morning for 2 shows....

[07:15] {ese} 'this morning'

[08:18] {magoo} morn

[08:18] {nemo} morn

[08:34] {Les} afternoon

[08:39] {Threei} good morning

[08:39] {Les} finally, someone acknowledges my existence

[08:39] {Threei} BP is getting destroyed

[08:40] {Threei} I didn't acknowledge anyone's existence... I just annunced mine

[08:40] {Les} hehehe morning vad

[08:40] {Threei} :)

[08:49] {dptl} morning

[08:51] {Threei} dp :)

[09:00] {Threei} *(CA) BANK OF CANADA (BOC) RAISES INTEREST RATES BY 25BPS TO 0.50%; AS EXPECTED

[09:00] {Threei} ***Insight: This is the first interest rate increase since July 2007 following 10 rate cuts totaling 425bps to 0.25% in April 2009

[09:10] {dino} gm all

[09:10] {Threei} dino :)

[09:15] {RonS} gm dudes & larisa

[09:15] {Threei} ron :)

[09:15] {Threei} larisa :)

[09:19] {larisa} gm :)

[09:20] {Threei} what was that on BP

[09:20] {lasertrev} good morning

[09:20] {Threei} trev :)

[09:20] {Les} BP's Alamo

[09:24] {jfjf64} mornin

[09:25] {Threei} jf :)

[09:26] {shorty} good morning

[09:26] {Les} hmmm photoshop or not photoshop?

[09:26] {Les} http://www.abc.net.au/news/

[09:26] {Les} looks pretty sus to me

[09:26] {Threei} shorty :)

[09:27] {shorty} I saw other pics of that Les, it looks real to me.

[09:27] {Les} pretty nice neat hold there shorty

[09:27] {Les} hole, not hold

[09:28] {Threei} can't tell at this size but doable in photoshop easy

[09:28] {Les} makes me think of Bill Murray and caddyshack :)

[09:29] {jfjf64} classic

[09:29] {Les} what's on the menu vad?

[09:30] {Threei} still reading it

[09:31] {Threei} LVS

[09:31] {Threei} watching for sharp dive and entry for bounce

[09:32] {Threei} .05 break, half lot

[09:33] {Threei} 23 brea

[09:33] {Threei} modofication

[09:33] {nemo} to late

[09:33] {nemo} o

[09:35] {jfjf64} .10 break

[09:35] {nemo} ?

[09:35] {Threei} should be good for about .25 at least

[09:35] {Les} out +.09 ty from .01 break

[09:35] {Les} aaaaaaw maaaaaan

[09:35] {Threei} out

[09:35] {Threei} .25

[09:36] {jfjf64} ditto ty

[09:36] {Threei} over 1:2

[09:36] {Les} you purposefully waited until I had scalped

[09:36] {Les} but I see why you chose .25

[09:37] {Threei} QCOR

[09:37] {jfjf64} resistance friday correct

[09:37] {jfjf64} .25

[09:38] {Threei} no news QCOR...

[09:39] {Les} fas just fell back below 24

[09:40] {nemo} looks like market wants to close the gap

[09:42] {jfjf64} vlo .93

[09:42] {nemo} wow bidu

[09:43] {jfjf64} vlo no go

[09:43] {dino} china stocks seem to be holding well

[09:46] {Threei} Long Setup: BP .60 break half lot

[09:46] {Threei} stop for scalpers .50, day traders .40

[09:47] {nemo} ow

[09:47] {nemo} spy holding trend line

[09:47] {Threei} F National Highway Administration reportedly investigation Ford Fusion and Mercury Milan for possible pedal entrapment risk due to floor mats (11.60, -0.13, -1.11%)

[09:47] {Threei} sounds familiar

[09:48] {Threei} CS NYT Dealbook notes that investment bank advisors stand to lose hundreds of millions of dollars in fees if AIG's AIA deal with Prudential plc fails to close

[09:48] {Threei} - Credit Suisse, HSBC, Lazard, and JP Morgan are all advisors on the deal

[09:48] {dino} just get rid of floor mats, problem solved

[09:48] {Threei} lol

[09:50] {nemo} scalp rinse

[09:50] {Threei} Long Setup: VVUS .60 break

[09:51] {Threei} stop under .50

[09:52] {dptl} in

[09:53] {Threei} there is a swing version of this trade, with stop under .40 and target around 13

[09:53] {Threei} I am just hesitant about longer term plays

[09:54] {dptl} jnj?

[09:54] {Threei} .30 long?

[09:54] {dptl} y

[09:54] {Threei} looks reasonable to me

[09:56] {dptl} damn...missed it

[09:56] {jfjf64} ibm .55 break

[09:57] {dptl} can we trail stop to under.55 vvus?

[09:57] {jfjf64} if holdin .40

[09:57] {dino} clf gap fill

[09:58] {Threei} if you treat it like quick scalp, yes

[09:58] {Threei} although in that case, why not take profit or at least partial at 1:1

[09:59] {dptl} ye will keep under .50

[10:00] {dino} clf sm l .76

[10:00] {Threei} *(US) APRIL CONSTRUCTION SPENDING (M/M): 2.7% V 0.0%E

[10:00] {Threei} - prior revised from 0.2% to 0.4% (related SPY SHY EUR/USD XHB )

[10:00] {Threei} US) MAY ISM MANUFACTURING: 59.7 V 59E

[10:00] {Threei} QCOR nice move after 10 breal

[10:00] {Threei} break too

[10:01] {Threei} JNJ 1:2

[10:01] {nemo} spy gap filled

[10:01] {dptl} not going with market vvus

[10:02] {dino} pot sm l .15

[10:04] {Threei} JNJ 1:3

[10:04] {dptl} crying

[10:04] {Threei} time to get out, IMO

[10:05] {magoo} LVS MGM at it

[10:06] {magoo} anyone in VVUS with me?

[10:06] {shorty} I am

[10:06] {dptl} me

[10:07] {Threei} BP hit 1:1 for day traders

[10:07] {magoo} not really familiar with it...already see not my style

[10:08] {dptl} out vvus flat...don't like it

[10:08] {dino} out clf .25, +.50

[10:08] {Threei} if you partial, stop to b/e for the balance

[10:08] {Les} yeh mags bit of a laggard

[10:08] {dino} .49

[10:08] {magoo} usually these work, vad gets the best of me

[10:11] {Les} vad, time to raise stop on VVUS?

[10:11] {dino} out pot flat

[10:12] {Threei} didn't hot 1:1 close enough for that...

[10:12] {Threei} hit

[10:12] {Threei} BP stop to under .70

[10:12] {Les} ok

[10:13] {Les} lvs on this pullback? .40 break?

[10:13] {Les} if holding .30

[10:14] {Threei} if market reverses

[10:14] {Threei} top the upside I mean

[10:14] {Threei} chart is right on LVS

[10:14] {dptl} are you in bp?

[10:14] {Threei} 1/2

[10:14] {Threei} invalidated LVS

[10:15] {dino} clf sm l .85

[10:15] {Threei} TV says it's real hole in Guatemala

[10:15] {dptl} did.'t it broke .40 at 9:54 bp?

[10:15] {Les} damn them gophers are big down south

[10:15] {Threei} nope

[10:16] {Threei} out of bound print, Level 2 never lost .40

[10:16] {Les} les slaps dp around with a bit of wu wei

[10:16] {Threei} 1/4 more out BP

[10:16] {nemo} omg

[10:16] {dptl} oh...ok....i am lost today

[10:16] {nemo} today?

[10:16] {Threei} VVUS

[10:16] {jfjf64} vad aig any read

[10:16] {dptl} lol

[10:16] {Threei} now trail it

[10:17] {Threei} BP 1:3, out in full

[10:17] {Threei} +.57

[10:17] {jfjf64} wow

[10:17] {jfjf64} nice

[10:17] {Threei} AIG... not sure...

[10:17] {Threei} no drive

[10:18] {Threei} I like it when it's more fired up than this

[10:18] {jfjf64} keep doing what ya like

[10:18] {jfjf64} so far so GOOD

[10:19] {Threei} VVUS 1:1

[10:21] {Les} so far so good ty vad

[10:22] {dptl} gonna take a break

[10:22] {dino} qsii sm l ave .43

[10:22] {jfjf64} sfsg lol

[10:22] {Threei} dp

[10:23] {Threei} you are trying to outsmart the market

[10:23] {Threei} LVS, worked after all, eh

[10:23] {dino} apc sm l .00

[10:23] {dptl} i think so....it's that kinda day, i feel like i don't understand anything

[10:24] {jfjf64} no whatt ya mean pal

[10:24] {dino} that kind of month for me dp

[10:24] {larisa} dino, today is June 1th :)

[10:25] {jfjf64} lol

[10:25] {dino} lol

[10:25] {Les} BP .15 break?

[10:25] {Les} .20?

[10:25] {dino} apc stopped -.35

[10:25] {Threei} no

[10:26] {Threei} see, you are trying to take each trade creatively

[10:26] {Threei} there is no need for that

[10:26] {dino} ndx strong

[10:26] {Threei} creativity is needed when you design your setups

[10:26] {jfjf64} ??

[10:27] {Threei} at the execution stage, you simply execute

[10:28] {Threei} in VVUS case,

[10:28] {Threei} what's the need to alter the plan

[10:28] {Threei} while nothing but noise happens?

[10:28] {Threei} stop is hit - you are out

[10:28] {Threei} stop is not touched - you wait

[10:28] {dino} out clf .65, +.80

[10:29] {Threei} profit target is reached, - sell or partial

[10:29] {Threei} something material should happen to change the plan,

[10:29] {Threei} and I see no changes that would signal thr need for plan change

[10:29] {Threei} EUR/USD The one-month Euro down trend line at 1.2340 area - dealers

[10:29] {Threei} - Likely Euro buy-stop orders lurking above that level

[10:30] {Threei} hmm... is it a misprint?

[10:30] {Threei} US) MAY DALLAS FED MANUFACTURING ACTIVITY: 2.9% V 18.6%E

[10:30] {Les} typo?

[10:30] {Threei} probably

[10:31] {jfjf64} high vol all gold stocks

[10:31] {Les} hopefully

[10:32] {jfjf64} gg .40 break

[10:33] {Les} dino, what news APC?

[10:33] {Threei} VVUS 1:2

[10:33] {Threei} 1/4 more out, stop is still b/e for the last piece

[10:33] {Threei} is it time to harass magoo?

[10:33] {magoo} waiting .84

[10:33] {Threei} oops

[10:34] {Threei} he managed to hold onto it :)

[10:34] {magoo} yea

[10:34] {magoo} entire

[10:34] {magoo} 2k

[10:34] {magoo} oUT

[10:34] {Threei} wtg

[10:34] {jfjf64} nice

[10:34] {magoo} just hard on me he he

[10:34] {magoo} forgot it tho

[10:34] {Threei} not exactly your style, but heck

[10:34] {magoo} trading apc, rig

[10:34] {jfjf64} gg invalid

[10:35] {jfjf64} my setups not wking today

[10:35] {Threei} JNJ worked nicely, jf

[10:36] {jfjf64} not i

[10:37] {Threei} it was dp's but it's your style setup

[10:37] {jfjf64} yes 100 percent

[10:40] {jfjf64} mgm sharp drop

[10:41] {dino} feels like day 3 is starting

[10:41] {jfjf64} ??

[10:42] {dino} day one open -100, day 2 +70, day 3 going down.....seems like a week in a day lately

[10:42] {jfjf64} follow

[10:44] {jfjf64} feels lk vxx gona explode

[10:44] {Threei} btw guys,

[10:44] {Threei} Laser has added a few indices, including real time VIX

[10:44] {Threei} http://www.cboe.org/mdx/MDIProducts.aspx

[10:44] {Threei} for 1.50 a month if I got it right

[10:48] {dino} qsii stopped -.31

[10:50] {Threei} Short Setup: GG .25 half lot

[10:50] {Threei} if stays under .30

[10:52] {dptl} in

[10:52] {dptl} .24

[10:52] {shorty} same

[10:52] {Threei} it's an aggressive entry for .20 break

[10:53] {shorty} ok

[10:53] {Threei} SPY loss of .50 should help it

[10:54] {Threei} here goes SPY

[10:56] {Threei} still resisting eh

[10:57] {jfjf64} here we go

[10:57] {Threei} holding by fingertips

[10:57] {shorty} C'mon...Guatemala sink hole.

[10:57] {Threei} lol

[10:58] {Threei} SPY changed its mind

[10:58] {Les} GG bounced off 50 ma as well. gave it a bit of juice

[10:58] {Threei} out

[10:59] {dptl} out .33

[10:59] {Les} I like the setup though. on watch for another go if market permits

[11:03] {Les} apc trying to get over 50ma resistance.

[11:04] {Threei} market stalled around this .50 line

[11:04] {Threei} chart looks breakdownish but doesn't break

[11:04] {Les} it must be them

[11:04] {Threei} no way to tell reallt how it resolves

[11:05] {dptl} nbr .10 break?

[11:05] {Threei} chart is right, but it's a play for a few pennies

[11:05] {Threei} even 10 would be a problem

[11:05] {Threei} rather struggle

[11:06] {dptl} ok ty

[11:08] {dptl} long xom .66,stop under .60

[11:10] {Les} s gg .25

[11:15] {Threei} EU's Juncker: Europe must defend the euro (related EUR/USD )

[11:15] {dptl} stopped

[11:15] {Threei} {--- adding another name o the list of idiots

[11:15] {nemo} Exactly how does he expect to do that

[11:15] {nemo} ?

[11:16] {Les} covered GG .09 +.16

[11:16] {Les} lol thought you were bagging dp there Vad

[11:16] {Threei} ?

[11:16] {Les} list of idiots

[11:16] {Les} sorry, nasty thoughts running through this purile mind

[11:16] {Les} peurile?

[11:17] {nemo} puerile

[11:17] {Les} ty

[11:17] {Threei} rinse GG

[11:17] {nemo} dork

[11:23] {Threei} watching BP

[11:26] {Threei} no clear setup yet

[11:27] {Threei} well, obvious thing is

[11:27] {Threei} Long Setup: BP 38 break if stays above .90

[11:28] {Threei} just a scalp most likely

[11:28] {dptl} in

[11:28] {nemo} in

[11:28] {magoo} in

[11:28] {Les} OUT

[11:29] {Les} spy

[11:29] {Les} sorry

[11:29] {Threei} touched .07

[11:29] {Threei} I had sell at .08

[11:30] {dptl} ?

[11:30] {magoo} wow, thought u wanted more than that

[11:30] {Threei} [11:28] {Threei} just a scalp most likely

[11:30] {dptl} not even 1:1?

[11:30] {Les} out flat

[11:30] {Threei} formally, it bottomed at .92

[11:30] {nemo} out flat

[11:31] {Threei} and time of the day isn't very inspiring

[11:31] {Threei} so settled at .08

[11:31] {Les} 100ma acting as resistance .07. .10 sell order wasn't smart

[11:31] {dptl} &Threei} Long Setup: BP 38 break if stays above .90

[11:31] {dptl} 10c stop

[11:31] {dptl} for 8c

[11:31] {Threei} didn't I just explain why?

[11:32] {Threei} out

[11:32] {dptl} stopped

[11:34] {dptl} very confused

[11:34] {Threei} I can see that... you keep thinkming whole day about something that is not a matter of thinking at all

[11:39] {Les} missed apc break

[11:40] {magoo} in apc .40

[11:40] {magoo} 44.40

[11:40] {Les} yeh grabbing the retest would have been nice

[11:40] {magoo} looking for over 45

[11:41] {magoo} still doewn hige

[11:41] {magoo} craop

[11:41] {magoo} crap

[11:43] {Les} s BP .88¨

[11:47] {Les} gg bounce 44 maybe

[11:52] {nemo} Qs 200 ma was at .70, Spy at about 108.90

[11:54] {nemo} db on fas Vad?

[11:55] {Threei} .60 break?

[11:55] {nemo} was thinking .55 myself

[11:55] {Threei} could be'

[11:55] {nemo} in

[11:55] {dino} sm l clf .30

[11:56] {Les} cover bp .69 + 19

[11:56] {Threei} chart looks right... time of the day is a main concern

[11:56] {nemo} yeah

[11:57] {Threei} (US) US President Obama: Affirms will hold BP and any other responsible parties accountable for actions that led to crisis

[11:57] {Threei} conforting

[11:57] {Threei} n=m

[11:58] {magoo} APC about to squeeze imo

[11:58] {dino} sm l ups .75

[11:58] {magoo} very risky

[11:59] {nemo} fas bounced off the open

[11:59] {Threei} AIG Prudential Plc bid has collapsed - BBC (34.53, -0.85, -2.40%) (related PRU.UK )

[11:59] {Threei} bad

[12:00] {Threei} AI\G recovers

[12:01] {Threei} FAS is saved by this

[12:01] {Threei} IMO, use this spike to scratch the trade nemo

[12:02] {Threei} market is highly confused what to make of this PRU/AIG

[12:03] {nemo} I stopped out at .41

[12:03] {dptl} me too at .42

[12:03] {nemo} tried to get out at .45 but slipped

[12:13] {Threei} looks like market chooses up after all

[12:20] {Threei} watching BP for possible long under .60

[12:21] {nemo} spy walking the 200 ma

[12:22] {jfjf64} you in vad

[12:22] {Threei} no

[12:23] {Threei} didn't give me entry, wanted it to dive under .60

[12:23] {nemo} ceiling at .89

[12:23] {nemo} 80

[12:23] {nemo} .80

[12:23] {nemo} sheesh

[12:31] {magoo} out apc ,81 +.41 BIG

[12:31] {magoo} still like it to squeeze today, but needed to bank it

[12:32] {Les} apc

[12:32] {Threei} wow.... do I see magoo maturing to the point where he actually takes p;rofits before they reach millions?

[12:32] {Les} sorry

[12:34] {magoo} gonna regrett it vad

[12:34] {magoo} me that is

[12:34] {Threei} on this particular tyrade - maybe,

[12:34] {Threei} in a long run - nop

[12:35] {Threei} I'd agree with notion of holding longer if we had bubbling bull market

[12:35] {Threei} circa 1998

[12:35] {Threei} this swamp - no way

[12:35] {magoo} man, now u bringing tears to my eyes, i miss the ole girl "98

[12:36] {Les} the good old days, was it?

[12:36] {Threei} if we got it again wirth the experience amnd knowledge we have today, eh? :)

[12:36] {magoo} dino and i buy 1k stock, go golfing, phone in office up 12 points

[12:37] {magoo} u know vad, if we did id make MILLIONS no shit

[12:37] {Les} really? then my thoughts are with Ben the Chopper Bernanke. "Blow, Baby, Blow!"

[12:38] {Threei} frequent occurence:

[12:38] {dino} funny, in those days a chimp could make big bucks

[12:38] {Threei} some tech stock, let's say NURF (not exact symbol but something close) get mentioned by a gutu like Gilder, in giolder report

[12:38] {Threei} thing costs 15 bucks

[12:39] {Threei} immediate reaction is jump 5-6 bucks,

[12:39] {Threei} what happens ten is a climb throughout the day that sees it finally up 40 points

[12:39] {Les} bp on a run

[12:40] {Threei} 40 points, a day, on a mention in guru's newsletter

[12:40] {dino} i remember gilder, tech guru

[12:42] {dino} of course back then the futures told you the whole day

[12:43] {shorty} In 98 I remember cheap beer and Bre X

[12:44] {dino} threw him out of chopper

[12:45] {shorty} I lived 2 blocks from the Bre X office. I thought the place would get bombed.

[12:46] {dino} crazy one

[12:48] {shorty} I had friends that poured a crap load of money in that stock, I laughed when they lost it all. I seriously thought it was funny.

[12:48] {Threei} you sure had warped sense of humor

[12:48] {shorty} If you knew my friends, you would have laughe too

[12:49] {Threei} oh OK

[12:49] {Threei} lol

[12:49] {Threei} but then, the question arises...

[12:49] {Threei} tell me who your friends are... {G}

[12:49] {shorty} Ummm......At my age, who needs friends.

[12:51] {dino} lol

[12:52] {Les} yeh right shorty. you're our whipping boy from now on. Mr "I don't need any friends"...

[12:55] {shorty} It's weird, I got married, had kids, and now I have limited friends. To be honest, I really don't care all that much.

[12:55] {magoo} u r not making a good case for any of us to consider being your friend lol

[12:56] {shorty} lol....

[12:56] {Les} ditto on my part shorty, but friends are friends man, even if it is just Nemo

[12:56] {Les} gg 44 b/d

[12:58] {shorty} I just don't like the BS. I would rather have a dog.

[12:58] {shorty} or nemo

[12:59] {Les} probably one of the reasons I "work" here. a no BS office environment

[13:01] {shorty} Things change.

[13:02] {shorty} Facebook made me realize why I stopped talking to a lot of people I use to know.

[13:02] {Les} not me, I suddenly understand why I'm different:

[13:02] {Les} http://www.telegraph.co.uk/science/science-news/7791112/Teenagers-blameless-for-inability-to-concentrate.html

[13:03] {shorty} That is interesting.

[13:04] {Les} I can't follow vad for 10 minutes without looking up a simpons episode

[13:04] {Threei} Short Setup: BP .80 break half lot

[13:04] {Les} its embarrassing

[13:06] {shorty} lol Les.... And I can't short BP.

[13:06] {dptl} stop obove .90?

[13:06] {Threei} yes

[13:06] {Threei} there is anopther above 38

[13:07] {Threei} but I am not very comfortable with that

[13:07] {Threei} no go

[13:07] {dptl} stopped

[13:11] {Les} wondering if RIG will follow BP

[13:14] {Threei} don't think so Les

[13:15] {Threei} compare their charts today

[13:15] {Threei} not much in common

[13:17] {Les} stopped GG. no more easy money

[13:19] {shorty} Ya, waiting for Threei to make a call. I am not venturing into the market alone today.

[13:19] {nemo} should test the highs now

[13:19] {Threei} AIG

[13:19] {Threei} 35 break

[13:20] {Threei} for quick scalp

[13:21] {nemo} not oing with the market

[13:28] {Les} quick scalp or sufficiently consolidated for more?

[13:29] {Threei} will probably be dependent on the market

[13:29] {Threei} if we break and go for new highs, can be more

[13:35] {Threei} these offers by ARCA eventually overpowered it

[13:42] {Les} rig 52 and freefalling

[13:43] {Threei} BP too

[13:43] {Threei} BAC SEC inspector general expanding the probe of settlement with BAC over short selling - CNBC

[13:43] {Threei} - Widening probe of approved BoA settlement; expects to include investigation by year end

[13:43] {nemo} "include"?

[13:44] {Threei} conclude I'd guess

[13:46] {Threei} BP Reportedly Coast Guard Admiral claims BP will not add 2nd blowout preventer until relief wells are finished

[13:46] {Threei} i.e., august?

[13:46] {nemo} yep

[13:46] {Threei} APC Hearing BoA/Merrill makes positive comments, sees company as takeover candidate (timing uncertain

[13:48] {Threei} it really starts looking increasingly as they can't do anything to plug the hole

[13:49] {Threei} feels to me like eventually we will break and go for new highs today

[13:50] {Threei} and BP - for new lows

[13:51] {Threei} just as I decided to alert .50 short

[13:52] {Threei} British Petroleum plc Reportedly Coast Guard Admiral claims BP no longer plans to attach a 2nd blowout preventer until relief wells are finished; will instead focus on capturing flow

[13:52] {Threei} - reminder: this past weekend BP said that the lower marine riser package cap (LMRP) that was being moved into position was expected to capture "most" of the oil and gas from the well. Process would involve cutting off the damaged riser from which the oil and gas are leaking and replacing it with a new riser and then attaching a new blowout preventer on top of the malfunction one.

[13:52] {Threei} - As of Saturday, the relief well being drilled was about halfway complete, with about 6,000 feet to go; forecasting relief well to be finished in early August.

[13:52] {Threei} let's see

[13:52] {Threei} same stup

[13:52] {Threei} stop above .60

[13:55] {Threei} not a scalp for me

[13:56] {dptl} bp is that?

[13:57] {Threei} yes

[13:57] {Threei} 1:1

[13:57] {Threei} half out .36

[13:58] {Threei} stop to .55

[14:00] {Threei} targets are .25 and .10

[14:00] {nemo} bid at .36

[14:01] {Threei} just nop shakeouts BP

[14:02] {dino} day 4

[14:03] {Les} apc shaping up as a db

[14:03] {Threei} ok... second half didn't want to work

[14:03] {Threei} news I'd guess

[14:03] {nemo} markets turned

[14:04] {Threei} BP Deepwater Spokesperson denies reports that the efforts have been discontinued as far as attaching a new blowout preventer

[14:04] {Threei} there

[14:04] {Threei} this is what ate our second half

[14:08] {shorty} dino...CLF?

[14:12] {Les} l apc 44 sm.

[14:16] {dino} messed up

[14:20] {magoo} what is real low today BP?, mine shows 6 bux

[14:20] {shorty} same here magoo

[14:20] {Threei} 36.90

[14:21] {Threei} weas lower premarket though,

[14:21] {Threei} around 36.60

[14:21] {magoo} ty

[14:22] {Threei} 6.32 must be a vision of the future though, lol

[14:23] {Threei} US condemns Israeli raid

[14:23] {magoo} lol

[14:23] {Threei} White House won't hold more joint briefings with BP

[14:24] {Threei} full "we are not with them" mode

[14:24] {Les} oops getting a little uncomfortable are we...

[14:24] {Les} why don't he put on cowboy boots and hat and pretend to be texan...

[14:25] {magoo} why destroy apc tho, not connected to this disaster are they?

[14:25] {dino} apc is partner in deep hoizon well

[14:26] {RonS} mags, i have read that they hold a partail interest in the blown well..and w/ Shumer out with unlimited liability...

[14:26] {magoo} oh, ty ron

[14:27] {dino} see above magoo

[14:28] {Les} you guys aren't sitting opposite each other in the office?

[14:31] {dino} killing chemicals/ferts, metals

[14:31] {Les} l clf .81 sm

[14:32] {patience} .

[14:32] {Threei} BP Hearing defended at JP Morgan, feels dividend is safe (timing uncertain) (37.64, -5.31, -12.36%)

[14:32] {Threei} really?

[14:32] {Threei} I don't about abiout anything being "safe" at BP...

[14:33] {magoo} they are trapped long

[14:33] {Threei} this can easily end in BP being cut by 50% and more as a company, and pretty much fighting for dear life

[14:34] {Les} takover target?

[14:34] {Les} oof not with that liability on its book...

[14:34] {Threei} at 6.32

[14:34] {Les} yeh

[14:34] {Threei} it's all pretty much a speculation until we know the cost of cleanup and related liabilities

[14:35] {Threei} plus whole feud with administration

[14:35] {Threei} which will only be too happy to throw it under the bus

[14:35] {Les} often wonder about such liability when I buy Alaskan salmon...

[14:35] {Les} "am I eating exxon's oil?"

[14:36] {Threei} little Valdez oil is good for you

[14:36] {Les} huh

[14:36] {nemo} Les, what?

[14:36] {nemo} you think you have a brain to save?

[14:36] {Les} hmmm

[14:36] {Les} good point

[14:36] {RonS} breaking...Tipper giving Al the boot...says warming not happening in the sack

[14:36] {Les} lol

[14:37] {Threei} rofl

[14:37] {Threei} that was bad Ron

[14:37] {dino} lol

[14:37] {Threei} so bad, it's good

[14:37] {nemo} excellent

[14:37] {RonS} ...they are splitting...

[14:37] {nemo} yes

[14:44] {dino} clh

[14:44] {nemo} wow

[14:45] {Threei} does it get some clean-up job?

[14:45] {nemo} probably

[14:46] {Threei} may 18

[14:46] {Threei} CLH Hearing Wedbush makes positive comments on potential revenues for CLH from the Gulf clean up effort (timing uncertain

[14:46] {Threei} May 18, 2010 8:02:37 AM

[14:46] {Threei} Clean Harbors Inc Updates Participation in Gulf Oil Spill Response

[14:46] {Threei} - Reported today that as the leading provider of environmental emergency response services in North America, the Company has been contracted to provide a variety of environmental response services throughout the Gulf of Mexico region to protect the area's natural resources from the effects of the ongoing oil rig spill.

[14:46] {Threei} - Clean Harbors currently has deployed a large number of its own personnel and subcontractors to a variety of locations throughout the Gulf. As part of its engagement, it also has been tasked with recruiting and training residents of the affected Gulf areas to safely conduct oil spill clean-up along the coastline. Clean Harbors has been contracted by government agencies and private organizations to provide a wide range of support and logistical services. As part of its efforts, the Company is supplying equipment, including boats, containment boom, skimmers, and vacuum trucks, as well as recovery and treatment systems from its extensive equipment inventory. Clean Harbors is involved in many aspects of the spill response including containment, removal, disposal and recycling of the recovered oil.

[14:46] {Threei} - we have reached a point where we can quantify the potential near-term revenue impact from the spill.

[14:46] {Threei} - At this time, we are estimating that this event will result in an increase in second quarter 2010 revenues of 15 to 20 percent of the current First Call consensus estimate of $352.0 million

[14:46] {nemo} they got there start in the big Boston Harbor clean up in the 80's

[14:50] {Threei} BP still looks like short to me

[14:50] {Threei} second try?

[14:50] {Threei} sema setup

[14:50] {Threei} same

[14:51] {Threei} feels like now that news is out of the way, natiral flow should take over

[14:51] {Threei} 1:1

[14:51] {Threei} half out again

[14:51] {Threei} de ja vu

[14:52] {Threei} 1:2

[14:52] {Threei} second target is .25

[14:53] {Threei} stop for the balance to b/e

[14:53] {Threei} changing second target to under .20

[14:54] {Threei} getting greedy

[14:55] {Threei} this thing must drop more

[14:55] {Threei} in fact, I don't think it will hold 35

[14:55] {Threei} 37

[14:56] {RonS} apc lod

[14:56] {Les} stopped apc

[14:57] {Threei} original second target hit

[14:57] {Threei} do I get too greedy?

[14:58] {RonS} r u channeling mags?

[14:58] {Threei} I know he tried to hypnotize me

[14:59] {jfjf64} had to go pay property taxes i miss much

[15:00] {Threei} BP short, jf...

[15:00] {jfjf64} now

[15:00] {Threei} I got a Skype call, and this monotonous voicxe repeated three times "we are not taking profits less than 3 bucks..." before I heard dino in the background asking "hey, who stole the beer from the fridge??"

[15:00] {Threei} no, from .50 break

[15:01] {jfjf64} f k grrrrrrrrrrrrr

[15:01] {Threei} ok 1/4 more out

[15:01] {dino} lol

[15:01] {Threei} .19

[15:01] {Threei} 1:3, +.30

[15:01] {Threei} trying for the last piece under 37

[15:02] {Threei} originally, third target was .10

[15:02] {Threei} but I strongly feel it can do more

[15:03] {jfjf64} nice work vad

[15:03] {Threei} unusual day

[15:03] {Threei} many stops, but those that work, give very nice movements

[15:07] {jfjf64} thats what we like

[15:07] {nemo} ?

[15:08] {dino} day 5

[15:08] {Les} existential question for you Nemo:

[15:08] {Les} http://tech.fortune.cnn.com/2010/05/29/if-google-told-you-to-jump-off-a-cliff-would-you/

[15:08] {nemo} oh geez

[15:09] {nemo} no...I'd shoot you

[15:09] {Les} ouch

[15:09] {nemo} I was just cleaning my pistol as a matter of fact

[15:09] {Les} just read the bloody article ya darn smart alek

[15:09] {jfjf64} watch out for nemo les

[15:09] {nemo} come to think of it, it was made in Switzerland

[15:09] {Les} sigg`

[15:10] {Les} ?

[15:10] {nemo} eqkzaktly

[15:10] {Les} nice one vad. was late to party

[15:10] {Les} .25 short entry bp cover .01

[15:10] {jfjf64} i missed paety

[15:10] {jfjf64} party

[15:11] {Threei} ok BP

[15:11] {Threei} time to lose 37

[15:11] {shorty} cya guys tomorrow.

[15:11] {Threei} take care shorty

[15:11] {Les} they made my saucepans nemo

[15:11] {Les} ciao

[15:11] {nemo} multi-talented

[15:11] {Les} they still make guns?

[15:11] {nemo} Big Time

[15:12] {nemo} Huge law enforcement and military arms manufacturer

[15:12] {Les} remember some swiss guy bitching about sigg

[15:12] {Les} guess he meant they don't make em in switzerland anymore

[15:13] {jfjf64} nemo likes guns

[15:13] {Les} so do i

[15:13] {nemo} guns, knives, swords, hunting, chucks, tonfa...you name it, I like it

[15:13] {nemo} a bit noisy though

[15:13] {nemo} Prefer a bow

[15:14] {jfjf64} me too

[15:14] {nemo} I think I like long-distance the best

[15:15] {nemo} Got a 600-1000m range about an hour away

[15:15] {Les} I prefer 66mm rocket launchers. like Micheal douglas in "falling down"

[15:15] {jfjf64} lol

[15:15] {nemo} not enough precision

[15:16] {nemo} my israeli friend was fond of those

[15:16] {Les} http://en.wikipedia.org/wiki/Carl_Gustav_recoilless_rifle

[15:16] {nemo} used them often at the border with Lebanon

[15:16] {Les} these were fun

[15:17] {Les} this was awesome:

[15:17] {Les} http://en.wikipedia.org/wiki/Steyr_AUG

[15:17] {nemo} in 5.56

[15:17] {Les} sure

[15:18] {nemo} I hate that caliber

[15:18] {nemo} rimm Vad...ouch

[15:18] {nemo} nope

[15:19] {dino} fast fall

[15:20] {jfjf64} just picked up glock 26

[15:20] {jfjf64} nice close range

[15:20] {nemo} Had them, I just don't shoot them well. My natural hold fits the Sig rake angle

[15:21] {nemo} 26, that 9mm?

[15:21] {jfjf64} be honest dont lk fit

[15:21] {nemo} yep

[15:21] {jfjf64} y

[15:21] {nemo} Sig's I can double tap real well

[15:21] {nemo} not a fan of the 9

[15:21] {nemo} approaching the open on the spy

[15:22] {jfjf64} look that

[15:22] {nemo} (just a bull market correction)

[15:22] {nemo} look at what jf

[15:22] {jfjf64} spy

[15:22] {nemo} yes

[15:23] {jfjf64} need to pk up another monitor

[15:23] {jfjf64} 2 havin trouble now

[15:24] {Les} got three screens up and running again, but no surround sound. bad for itunes :(

[15:24] {Threei} come on BP

[15:25] {jfjf64} was wonderinr where ya where 3i

[15:25] {jfjf64} forgot ya doing the bp dance

[15:25] {jfjf64} nice

[15:26] {jfjf64} 36.90 coming

[15:26] {Threei} yesssss

[15:26] {jfjf64} bammmmmmmmmmmmmmmmmm

[15:26] {Threei} IS) Lebanon has fired anti-aircraft artillery at Israeli warplanes flying over Lebanon

[15:26] {Threei} - An Israeli military spokesperson would neither confirm nor deny the report.

[15:26] {Threei} - There was no damage to the Israeli planes.

[15:26] {Les} went short again after the little pop s .09

[15:26] {Threei} oh boy

[15:28] {Les} cover bp +.20

[15:28] {Les} daaamn 45 cents from BP into close

[15:29] {jfjf64} ??

[15:29] {Les} If I'd learn to avoid the usual crappy non-working setups in between opening and close

[15:29] {Les} I'd be raking it in

[15:29] {nemo} cry me a river

[15:29] {Les} I cried a river over you

[15:29] {Les} one day I'll learn

[15:30] {Threei} it's easy Les

[15:30] {nemo} ?

[15:30] {jfjf64} lot shares .80

[15:30] {Threei} look for instance at crappy setup let's say FAS long

[15:30] {Threei} amd look at me, not trading it

[15:30] {nemo} why?

[15:31] {Les} fas long at what time? you mean during the day?

[15:31] {nemo} now/

[15:31] {nemo} ?

[15:31] {Threei} yes

[15:31] {jfjf64} cause ya doing bp shuffle

[15:31] {nemo} db second inside BB

[15:31] {Threei} 'cause there is no good setup

[15:31] {nemo} looks like index

[15:32] {Threei} point is, it's easy not to trade crappy setups

[15:32] {Threei} you just do not trade them

[15:32] {Threei} simple as that

[15:32] {nemo} o.k. what makes this crappy

[15:32] {nemo} ?

[15:32] {Threei} besides the point

[15:32] {jfjf64} thanks nemo

[15:32] {nemo} I realize, but I'm asking

[15:32] {Threei} I could say FCX short or VVUS long

[15:33] {nemo} so, you actually weren't looking at fas?

[15:33] {Threei} no

[15:33] {nemo} ahhhhhhhh

[15:33] {Threei} I was talking about how easy it is not to trade crappy setups

[15:33] {jfjf64} ahhhhhhhhhhhh

[15:33] {nemo} because it was a db, with capitualtion volume, with second bottom inside the bb's

[15:34] {jfjf64} need to learn that

[15:34] {nemo} learn what jf?

[15:34] {jfjf64} crappy setups

[15:34] {nemo} ahhhhhhh

[15:35] {jfjf64} what chapter is that vad

[15:35] {Les} I found the source of America's resurgent economic growth:

[15:35] {Threei} it's being written every day, in many chapters

[15:35] {Les} http://finance.yahoo.com/news/Owners-Stop-Paying-Mortgage-nytimes-4276925797.html?x=0&sec=topStories&pos=7&asset=&ccode=

[15:35] {nemo} by various authors

[15:35] {nemo} old story les

[15:36] {jfjf64} eaklatly

[15:36] {Les} yeh yeh ya pompous old gun nut

[15:36] {nemo} alright, getting out the M4

[15:36] {Les} mail me a letter bomb

[15:37] {nemo} actually, strategic defaults have been written about for over a year

[15:37] {Les} yeh, but I've also been hearing that massive flat screens are selling again

[15:37] {nemo} too much potential for collateral damage Les (Here's hoping your kids take after their mother)

[15:37] {Les} its not just about keeping a roof

[15:37] {jfjf64} hoping more and more watchin ya a lighting bolt will come and hit me one day

[15:38] {nemo} no, they stop payin' and start spending

[15:40] {Les} rig .50 break

[15:42] {nemo} mmmhhhh....quite the thunderstorm, might lose power

[15:43] {jfjf64} .30 break short rig

[15:44] {dino} clf gap filled

[15:45] {dino} we just had one an hour agho nemo

[15:45] {dino} ago

[15:46] {Threei} finally!

[15:46] {Threei} out BP +1

06[15:47] * Threei slaps magoo around a bit with a large roll of cash

[15:47] {Les} you been holding out vad

[15:47] {nemo} don't think I'll be entering any positions in this storm

[15:47] {Threei} how many times I said I was going for big score on the last piece?

[15:48] {Les} probably too many

[15:48] {jfjf64} cover +32 cents

[15:48] {jfjf64} rig

[15:48] {nemo} oh jeez, there's a roaring sound outside

[15:48] {nemo} wtf

[15:48] {Les} nemo, would you mind conducting a small experiment for me?

[15:48] {Les} take a lightning rod outside...

[15:49] {Les} nice call jf

[15:49] {Les} no last minute rally to save RIG

[15:49] {jfjf64} when didnt break .50 long put my short hat on

[15:51] {jfjf64} was getting little mad missed bp

[15:51] {dino} lod s/p

[15:51] {jfjf64} i think call that revenge

[15:51] {Threei} guys

[15:51] {jfjf64} na

[15:51] {jfjf64} lol

[15:51] {Threei} starting today, I will include a little educational blurb with screensholt of one of trades in the trading log

[15:52] {Threei} so make sure to rview those

[15:52] {nemo} It's about time...:)

[15:52] {jfjf64} really

[15:52] {Threei} nothing fancy, just a chart and brief recall of a play

[15:52] {jfjf64} dont get lazy on us

[15:52] {Threei} too late for that

[15:53] {jfjf64} good

[15:53] {dptl} have a good evening all

[15:53] {jfjf64} will this be everyday vad

[15:53] {Threei} I'll try

[15:53] {Threei} for today, I will post two

[15:53] {Les} you put them somewhere obvious vad

[15:53] {Les} at the top or bottom

[15:53] {Threei} top of course

[15:54] {Les} ty

[15:54] {Threei} I don't expect anyone to scroll wll the way to the bottom {G}

[15:54] {jfjf64} lol

[15:54] {Les} damn right

[15:54] {Threei} British Petroleum plc US Attorney General (AG) confirms criminal and civil investigations into Gulf oil spill are now underway

[15:54] {nemo} so, should we go short overnight?

[15:54] {RonS} mags would love to do that

[15:54] {jfjf64} always do

[15:56] {Les} ok c u's tomorrow

[15:56] {Threei} thank you all

[15:56] {nemo} c u

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {jfjf64} enjoy all

[15:56] {larisa} bye :)